Universal Life

Live to the fullest.

Universal Life Live to the fullest.

Universal Life is an optimal plan that offers both protection and saving benefits over your lifetime.


Universal Life Insurance


Universal Life is an optimal plan that offers both protection and saving benefits over your lifetime.


- Attractive insurance benefits

Insurance benefits in the event of Death: In the event of Death, AIA will pay either the Sum Assured at the time of death or Account Value 1 at the time of death, whichever is greater after deducting all obligations.
Insurance benefits in the event of Accidental Death2: In the event of Accidental Death during the age of 18 – 60, the Beneficiary will be paid with the Accidental Death benefits equivalent to 50% of the current Sum Assured (applied for the first five years of the policy) or 40% of the current Sum Assured (applied from the 6th years and afterwards).
Insurance benefits in the event of Total and Permanent Dismemberment3: In the event of Total and Permanent Dismemberment during the age of 18 - 60, AIA will pay the benefit equivalent to that of Death event by the time the claim is approved. From the second installment, AIA will pay the interest on the remaining amount of the Total and Permanent Dismemberment benefits.

- Attractive first-year commitment interest (6%/ year)

- Flexible financial planning to suit different needs of different life stage: Educational plan, Saving plan, Retirement plan, etc.

- Accumulated interest calculated on the Account Value

- Flexible in cash advance or withdrawal from the account: from the second year of policy and afterwards when the surrender value occurs, customer can request a cash advance or withdrawal.

- Flexible payment plan: from the second year of policy and afterwards, customer can request to change, increase or decrease the Sum Assured.

- On the annual policy anniversary of 5th, 10th, 15th and 20th, customer will be entitled to the persistency bonus equivalent to 75%, 70%, 65% and 60% of the Annual Minimum Fee4 respectively, which will be credited to customer’ account.

(1) Account Value:
Please refer to the product illustrator. Definition and calculation of Account Value are specified in the Terms and Conditions of the Policy.  
(2) The total payments of insurance benefits payable upon the accidental death are the accumulation of insurance benefits provided in all life insurance policies provided that such amount will not exceed the limit of insurance benefit of accidental death which is specified in the policy.
(3) Total and Permanent Dismemberment: the condition of the Insured who suffers total and permanent disability or illness due to injury or illness during the ages from 18 to 65 years old, so he/she is unable to do any job to earn incomes. The provincial medical board under the central Government is authorized to certify if a person is considered as the total and permanent disability when he/she losses his/her working ability or at the injury level of 81% and more
(4) Minimum Premium:
The minimum premium that policy owner pays periodically in the first four years of the policy to ensure the policy is valid. The Minimum Premium is provided in the Insurance Certificate.

Age of entry From 18 years old
Age of insured 30 days to 60 years
Max age at maturit 100 years old

To apply now:

  • Call CitiPhone at (84 28) 3521 1111 (84 28) 3521 1111.
  • Visit our branch at 115 Nguyen Hue, TP.HCM or 17 Ngo Quyen, Hanoi.

Terms and Conditions of Universal Life_Option 1

Terms and Conditions of Universal Life_Option 2

  • Go paperless, save more trees with Citibank e-Statement.

Important notice

The products are not bank deposits or obligations of, or guaranteed by Citibank N.A, Hanoi Branch and Ho Chi Minh City Branch (Citibank Vietnam)or any of its subsidiaries, group companies or affiliates.

AIA Limited (“AIA”) is the insurance underwriter of this insurance plan and is solely responsible for all approvals, coverage and compensations of their insurance plans. AIA reserves the final right to approve any policy application and the insurance policy is subject to the risk that AIA Limited (“AIA”) may become unable to pay any amounts due under the policy.

The above information is intended for reference only. Please refer to the Policy Contract and the website www.citibank.com.vn for detailed terms and conditions.

There are certain conditions whereby the benefits under the plan will not be payable. These are stated as exclusions in the policy contract. You are advised to read the policy contract for the full list of exclusions.

The Benefit Illustrations (where applicable) presented are not actual and for illustrative purposes only. The accumulated interest rates, annual dividends and maturity dividend (where applicable) are subject to certain market factors etc. Past performance / record is not necessarily indicative of future result.

Buying a life insurance policy is a long term commitment. An early termination of the policy might involve high costs and the surrender value may be less than the total premium paid. The purchase of the product is optional.

If you are not happy with your policy, you have the right to cancel it within the Cooling-off Period and obtain a refund of any premiums paid provided that you have not made any claims under the policy. A written notice signed by you together with the policy must be received by AIA within the Cooling-off Period (that is, 21 days after the delivery of the policy or the issue of a Notice informing you/your representative about the availability of the policy and the expiry date of the Cooling-off Period, whichever is earlier).

Citibank N.A, Vietnam is not responsible or liable for any product and service offered by AIA. AIA is the insurance underwriter of this insurance product and is solely responsible for all insurance and compensation related matters.

For more details, clarification, policy servicing and cancellation enquiries, please call your bank financial consultant or visit:

CitiPhone (84 28) 3521 1111
Citibank branches:

Ha Noi: 17 Ngo Quyen St., Hoan Kiem District
Ho Chi Minh City: 115 Nguyen Hue Blvd., District 1