Insurance certificates issued to managers of insurance enterprises from January 1, 2023 in Vietnam

Insurance certificates issued to managers of insurance enterprises from January 1, 2023 in Vietnam
Trần Thanh Rin

The Minister of Finance of Vietnam issued Circular 69/2022/TT-BTC on November 16, 2022, regulations on insurance certificates, insurance agent certificates, insurance brokerage certificates, and insurance auxiliary certificates.

According to Vietnam's Circular 69/2022/TT-BTC, the insurance certificates issued to managers of insurance enterprises in Vietnam from January 1, 2023 are as follows:

(1) For insurance certificates issued by domestic insurance training institutions:

- Certificate of life insurance;

- Certificate of non-life insurance;

- Certificate of health insurance.

(2) For insurance certificates issued by foreign insurance training institutions:

- Certificate of professional insurance in the form of life insurance;

- Certificate of professional insurance in the form of non-life insurance;

- Certificate of professional insurance in the form of health insurance.

Insurance certificates issued by domestic or foreign insurance training institutions before January 1, 2023 may continue to be used as follows:

- Basic life insurance certificate, life insurance professional certificate: has the same monetary value as the life insurance certificate;

- Basic non-life insurance certificate, insurance professional certificate in the type of non-life insurance: has the same value as the certificate of non-life insurance;

- Basic health insurance certificate, insurance professional certificate in the form of health insurance: has the same value as the certificate of health insurance.

More details can be found in Vietnam's Circular 69/2022/TT-BTC takes effect from January 1, 2023 and replaces Vietnam's Circular 125/2018/TT-BTC.

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