Microinsurance

Loan microinsurance to avoid risks for borrowers:

1. Who can participate in loan insurance:

• Borrowers of Thanh Hoa MFI

2. Loan insurance participation fee:

• Low participation fee: equal to 0.09% to 0.56% of the loan amount

3. Location and time of participating in loan insurance:

• At the transaction points of Thanh Hoa MFI, located at the Village Cultural House where customers live.
• Customers buy loan insurance on the same day they receive loans

4. Loan insurance provider

• PTI Insurance, the leading unit in providing loan insurance with low participation fee and best guaranteed benefits for customers.

5. Benefits of customers when participating in loan insurance

• Customers participating in loan insurance will be paid the entire insurance amount to pay the loan balance at Thanh Hoa MFI when unfortunately encountering risks such as: death due to accident, illness or total permanent disability.
• In case a customer unfortunately dies due to a special disease that occurs during the waiting period, that customer will be supported with a funeral fee of 2,000,000 VND/person.
• The maximum indemnity insurance amount is VND 50 million (for the case where the customer participates in many insurance certificates or many loan products).

6. Why you should participate in loan insurance:

• Loan insurance to avoid risks for borrowers:  Thanh Hoa MFI has actively cooperated with PTI Post and Telecommunications Insurance Company and customers to complete compensation procedures and satisfactorily settle insurance benefits for the insured when the insured event occurs.