BIC (BIDV Insurance Corporation)

Headquartered in Hanoi, BIDV Insurance Corporation (BIC) is a prominent non-life insurer in Vietnam. Established in 1999 as a joint venture with Australia’s QBE Insurance Group before transitioning to its current brand under the Bank for Investment and Development of Vietnam (BIDV) in 2006, BIC has built a strong reputation for financial stability and risk management. The company operates with a mid-market positioning, serving both individual and corporate clients with a comprehensive suite of general insurance products.

For foreign property buyers and expatriates in Hanoi, BIC offers essential coverage to protect residential investments. Its flagship home insurance product, BIC Home Care, provides robust protection for apartments, semi-detached houses, and villas. This policy covers both physical building structures and interior contents against major risks such as fire, lightning, explosion, storms, floods, and theft. Beyond property-specific coverage, expatriates can access a broader range of non-life services, including premium health insurance, international travel insurance, and motor vehicle coverage for cars and motorcycles.

To accommodate international clients, BIC provides services in both Vietnamese and English, with key policy details, online resources, and customer support channels available in both languages. Non-resident buyers and resident expatriates alike can easily navigate their insurance needs, whether purchasing policies directly online or through BIDV’s extensive bancassurance network.