Hanoi, September 23, 2025 – Techcom Life Insurance Joint Stock Company (“Techcom Life”) was officially launched, marking a major milestone in the completion of Techcombank’s comprehensive financial ecosystem and its forward-looking development strategy.

Leveraging deep local insights, advanced technology capabilities, and extensive financial management expertise within the ecosystem, Techcom Life aspires to become Vietnam’s pioneering life insurance company - similar to how Techcombank has transformed the financial industry with breakthrough products such as Zero Fee, Auto Earning, and Wealthtech.

The launch ceremony was attended by representatives from the Ministry of Finance, the Vietnam Insurance Association (IAV), Techcombank, and key strategic partners.

As one of the fastest-growing economies in Southeast Asia, Vietnam presents rising demand for financial security, healthcare, and quality of life. While the life insurance market holds immense potential, penetration rates remain significantly below the regional average—highlighting substantial opportunities for new players like Techcom Life to drive growth and expand protection for Vietnamese families.

Guided by its vision of “Transform Insurance, Empower Futures”, Techcom Life is committed to pioneering next-generation life insurance solutions that are modern, transparent, simple, and accessible — empowering individuals to take control of their future and live life to the fullest every day.

At the launch event, Mr. Ngo Viet Trung, Director of the Insurance Supervisory Authority, remarked:
“We welcome Techcom Life’s entry into Vietnam’s life insurance market. With its strong financial expertise and advanced technological foundation, we believe Techcom Life will deliver innovative insurance solutions that meet customer needs for health protection and financial security. This will not only benefit individuals and families but also contribute to the sustainable development of the insurance market, in line with Vietnam’s Insurance Market Development Strategy to 2030.”

Also speaking at the ceremony, Mr. Mukesh Pilania, Chairman of the Board of Directors of Techcom Life, emphasized:
“Techcom Life was established as a next-generation life insurance company in Vietnam with the vision of ‘Transform Insurance, Empower Futures.’ At Techcom Life, our goal goes beyond insurance — it is about helping customers live greater. In today’s world, people expect more than protection; they aspire to a better quality of life, and that is the future we aim to build together.”

Insurance today is no longer just a shield of protection but a comprehensive solution that enhances quality of life for individuals and families. Recognizing this, Techcom Life is committed to being a trusted, long-term partner to customers — delivering simple, flexible insurance solutions and seamless digital experiences, built on the three core pillars of Health, Wealth, and Well-being.

Mr. Chung Ba Phuong, Chief Executive Officer of Techcom Life, shared:
“Our long-term development strategy is built on five key pillars: strengthening customer confidence and trust, creating greater value for customers, developing a seamlessly integrated ecosystem, ensuring efficient distribution, and leveraging technology and data-driven services. These competitive advantages will enable us to realize our vision of delivering the best protection solutions to the people of Vietnam. Through this commitment, we aspire to contribute alongside the Government to enhancing quality of life, while building a more transparent, sustainable, and trustworthy life insurance industry.”

At the event, Techcombank and Techcom Life signed a comprehensive strategic partnership agreement. Under this partnership, Techcombank will serve as a corporate agent to distribute Techcom Life’s life and health insurance products. Together, the two organizations aim to provide comprehensive, innovative, and transparent financial and health protection solutions tailored to every stage of life — while delivering the best possible customer experience.

Mr. Jens Lottner, CEO of Techcombank, stated:
“The launch of Techcom Life marks an important milestone and a significant step forward in our strategy to build a comprehensive Techcombank ecosystem. As one of Vietnam’s leading banks, with strong financial foundations, advanced technology, and a trusted reputation, Techcombank and its ecosystem will work alongside Techcom Life to deliver holistic financial and health solutions with seamless, superior experiences. This partnership will help increase life insurance penetration, expand social security coverage, and strengthen customer trust across Vietnam.”

The establishment of Techcom Life, alongside Techcom Non-life Insurance Corporation (TCGIns), marks a significant milestone in advancing Techcombank’s vision of a comprehensive “one-stop shop” financial model — supporting customers’ journeys from start to finish. This also lays the groundwork for a new era of insurance in Vietnam, where customers are truly placed at the center of value creation, enjoying peace of mind and the confidence to “Live Greater Every Day.”

ABOUT TECHCOM LIFE
Techcom Life Insurance Joint Stock Company (Techcom Life), founded by Techcombank, Vingroup, and other shareholders, provides innovative life and health insurance solutions for individuals and families across Vietnam.

Dedicated to building a new generation of modern, transparent, and customer-centric insurance solutions, Techcom Life is guided by its vision: “Transform Insurance, Empower Futures”, and mission: “Elevate the life insurance experience in Vietnam.” The company aims to empower individuals, families, businesses, and communities to confidently embrace every stage of life.

Techcom Life focuses on addressing three essential needs: protecting health, ensuring financial security, and enhancing quality of life. Through this commitment, the company contributes to the sustainable development of Vietnam’s life insurance industry while helping to deliver a better, more secure future for the Vietnamese people.