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Military Insurance Corporation (Formerly Military Insurance Joint Stock Company) was established based on Decision No.871/BQP/MD dated on Feb 2nd, 2007 by the Party Central Committee and under the License No.43GP/KDBH dated on Oct 8, 2007 by the Ministry of Finance.

Military Insurance Joint Stock Corporation is one of the leading non-life insurance companies in Vietnam with a modest start-up with a modest capital of 300 billion dong, first year revenue of just over 100 billion dong. After nearly 13 years of operation, MIC has brought impressive numbers: original insurance revenue has always grown over 40% in consecutive years from 2012 to 2015, from 2016 to now has moved to phase 2 with the goal Sustainable development in addition to the spectacular sales progress that is the impressive number of profits. Up to now, MIC is among the top trillion companies with a charter capital of 1,300 billion VND and a scale of over 1,600 employees. MIC is rated as 2 out of 31 Insurance businesses with a strong network system with 66 member companies, more than 400 sales offices and 3,500 authorized insurance agents nationwide.

Through development process, MIC has clearly defined its Insurer pioneer mission and expected become “Firm Base” to clients by the best products/service. MIC has proud of becoming the Insurer for millions of external and local clients, and been believed by the Big brandings such as: VIETTEL, MB, YAMAHA, SAMSUNG, MBS, AB BANK, ACB, HDBANK, TECHCOMBANK, VIB, TPBANK, PVCOM BANK,...

Until now, MIC has diversified over 160 different insurance products from group of the particular/complicated insurance products such as energy, aviation, windy/off-shore energy,…Besides, MIC has also launched friendly insurance products such as: MIC Insurance care, Miracle Insurance, Car insurance and “An tam vung buoc” Insurance,…

During the Development Strategy from 2020 to 2025, MIC strives to fulfill the goals of Top 5 in 2020 and Top 3 of Vietnam's Leading Non-Life Insurance Enterprises in 2025. In the period of the early 2020, although in front of Viet Nam economy’s difficulties, but also MIC has in-time caught and has launched the promotion strategies of sale action including focusing on the development of product and expanding distribution channels. MIC products are flexible designed and combined with policy of professional customer services aiming to meet demands of many clients. Regarding to the distribution channel, MIC has focused on promoting Bancassurance and Digital Insurance ones. For friendly insurance products, the issue model of Insurance policy takes within 30 seconds linked channels to help/support clients approaching MIC at any time and any places. MIC has orientated becoming the Leading Insurance Enterprise of Retail in Vietnam.


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