Maruhan Japan Bank Lao Limited, Vientiane Insurance Company partner to offer convenient, quality insurance services

Emerging Maruhan Japan Bank Lao Co Ltd and Vientiane Insurance Company Limited have formed a partnership to conveniently deliver high quality insurance products to customers.

Mr Hayato Yoshikoshi (right) and Mr Yang Zhi Bo shake hands after signing the partnership agreement.

The companies signed the Strategic Partnership Agreement at the bank’s Head Office at the centre of Vientiane on Wednesday.
The partnership “signifies an exciting phase of growth, offering our customers the convenience of accessing insurance products across our extensive network of 325 agencies”, the Deputy CEO of Maruhan Japan Bank Lao Co Ltd, Mr Hayato Yoshikoshi, told the audience at the ceremony where the agreement was signed.
“This event is a milestone in strengthening the trust in our operations and fostering growth,” he said.
Mr Yang Zhi Bo, the Director of the Vientiane Insurance Company Limited, said: “We will further strengthen cooperation between the two sides, jointly explore the deep integration of insurance and banking business, and provide customers with better financial insurance services.”
As a fully Chinese-funded insurance firm, the group has rich insurance experience and profound heritage. At present, the firm’s registered capital and risk reserves are the highest among Lao insurance companies.
The group is composed of property insurance companies, life insurance companies, financial companies and investment companies.
The group is committed to providing comprehensive, professional and reliable insurance services to the general public in Laos.
“Among them, after a year of preparation, the life insurance company has designed life insurance products that are more in line with the Lao public,” Mr

Mr Yang Zhi Bo.

Mr Hayato Yoshikoshi,

Yang Zhi Bo said.
These products cover investment and financial management, children’s education, value protection, health, accidents and other aspects. Vientiane Life Insurance shoulders a major mission and responsibility.
Given Maruhan Bank’s strength and good reputation, reflected by it winning many international financial awards, Mr Yang Zhi Bo said the bank is worthy of trust by customers and enterprises.
“We are honoured to cooperate with such a bank,” he said.
“We will give full play to the advantages of both parties and jointly launch more innovative and personalised financial insurance products to meet the growing and diversified financial needs of customers. At the same time, we will continuously improve service experience and satisfaction and create more value and benefits for customers.”
Maruhan Japan Bank Lao Limited, which is among 35 commercial banks in Laos, stands out as a pivotal private commercial bank that has been instrumental in the socio-economic progress of the nation since its inception in 2013. The bank has been at the forefront of supporting Small and Medium-sized Enterprises (SMEs) and introducing modern banking services in the country.
Over the past 11 years, Maruhan Japan Bank Lao Limited has shown remarkable progress, with a registered capital of 500 billion kip, and total assets amounting to 2.6 trillion, predominantly from Lao nationals. This growth is a testament to the bank’s commitment not only to national development through its financial services, but also to job creation for the local community.
Emphasising the significance of the partnership, Mr Yoshikoshi concluded, “This agreement not only streamlines service delivery to our clients but also underscores our dedication to the ongoing advancement of Maruhan Japan Bank Lao Limited’s insurance operations in collaboration with Vientiane Insurance Company.”

By Advertorial Desk
 (Latest Update August 2, 2024)