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Prudential Vietnam, SeABank sign 20-year bancassurance agreement

Prudential PLC unit Prudential Vietnam Assurance Pvt. Ltd. signed a 20-year exclusive bancassurance agreement with Southeast Asia Commercial Joint Stock Bank, or SeABank.

Prudential Vietnam will also become the preferred life insurance provider to Vietnamese conglomerate BRG Group JSC, a customer of SeABank, according to a Jan. 6 news release.

The agreement is expected to be effective from April.