Insurance Services

Definition
«First Sino Bank» acts as an agent to sell life and property insurance policies on behalf of the domestic insurance companies within its scope, via «First Sino Bank» counter, Telephone Banking, Internet Banking, and channels of credit and loans. «First Sino Bank» also provides other service such as consultancy and support to «First Sino Bank» corporate and individual customers. In addition, leveraging on «First Sino Bank» advanced technology and system, the insurance companies may entrust «First Sino Bank» to collect premium on-behalf, make claim payment, surrender value payment, or pay bonus, through Internet Banking or «First Sino Bank» counters.
Service Category
1. Sales of life insurance products: «First Sino Bank» works with life insurance company to select or design life insurance products tailored to the needs of the bank customers. The products are sold through different channels to all individual customers through bank counter, call center, and Internet Banking, which include universal policy, bonus insurance, accident insurance, and others.
2. Sales of non-life insurance products: «First Sino Bank» works with property insurance company to select or design non-life insurance products tailored to the needs of the bank's corporate or individual customers. The products are distributed through bank counter, call center, and Internet Banking, which mainly cover property insurance for companies.
3. Collection of premium and payment of claims: «First Sino Bank» leverages on its advanced settlement network to offer services for insurance companies as collection of first and renewal insurance premiums, claim payment, surrender value payment, or policy bonus.