Insurance Options in Vietnam
Complete guide to mandatory and private insurance for foreign employees
Mandatory Social Insurance
Eligibility Requirements
- Valid work permit or practice certificate
- Labor contract of 1 year or more
- Legal employment status in Vietnam
âšī¸ Note: Intra-company transferees are excluded from mandatory participation
Contribution Rates
| Insurance Type | Employee Rate | Monthly Cap (VND) |
|---|---|---|
| Social Insurance | 8% | 46,800,000 |
| Health Insurance | 1.5% | 46,800,000 |
Private Life Insurance Options
Coverage Considerations
Key Factors to Consider
- Coverage Area (local vs. international)
- Premium payment methods
- Additional benefits (critical illness, etc.)
- Policy terms and conditions
- Claim process and requirements
đĄ Pro Tip: Target coverage of 10à annual income for comprehensive family protection
Application Process
Step 1: Research
Compare providers and policies available to foreigners in Vietnam
Step 2: Documentation
Prepare required documents including work permit and residence papers
Step 3: Medical Check
Complete any required medical examinations
Step 4: Application
Submit application and supporting documents
Step 5: Policy Issuance
Review and accept policy terms, begin premium payments
Major Insurance Providers
Available Options
- Prudential Vietnam Assurance
- Manulife Financial Corporation (Vietnam)
- Other local and international providers
đ Important: Always verify the insurer's credentials and license to operate in Vietnam
Important Considerations
Before Purchasing
- Review policy exclusions and limitations
- Understand premium adjustment terms
- Check claim settlement process
- Verify coverage while traveling
- Consider future needs and policy flexibility
Need Assistance?
Our insurance experts can help you choose the right coverage
Email: contact@taxfinalizevn.com
Phone: +84 703027485 Phone: +84 966878321
Office Hours: Monday - Friday, 9:00 AM - 5:00 PM