Extending BVCare Coverage Beyond Vietnam: Geographic Limits and Extra Premium
When your business has employees traveling internationally, working abroad, or simply hosting foreign professionals based in Vietnam, having flexible geographic coverage is essential. The default geographic scope of the BVCare (New) corporate health insurance from Bao Viet covers Vietnam territories. However, companies can expand this coverage globally under specific conditions and premium scales tailored to their total employee count. Let’s explore whether your business qualifies for global expansion and how much extra premium you will need to pay.
In this article
🌍 Default Coverage Area: Vietnam and Global Expansion Rules
According to Appendix I of the insurance contract, the default geographic coverage is restricted to Vietnam. To provide flexibility for employees traveling or working abroad, Bao Viet offers a global geographic expansion policy with specific requirements based on employee group sizes:
- Groups of 50 employees or fewer: Global geographic expansion is not available. Coverage remains strictly within Vietnam.
- Groups of 51 to 100 employees: The business can agree to expand coverage globally for accident benefits. The premium for the accident benefit will increase by an additional 35%.
- Groups of 101 to 200 employees: The business can agree to expand coverage globally for both accident and life insurance benefits. The premium for these two benefits will increase by an additional 30%.
A summary table of the premium increase rules for geographic expansion is detailed below:
| Employee Group Size | Geographic Scope | Expanded Benefits | Premium Increase |
|---|---|---|---|
| 50 employees or fewer | Vietnam only | No expansion | Not applicable |
| 51 to 100 employees | Global | Accident benefits | 35% increase on accident premium |
| 101 to 200 employees | Global | Accident and life benefits | 30% increase on accident and life premiums |
💰 Additional Costs for Global Expansion
Expanding the geographic scope involves premium adjustments to ensure fair risk management. Specifically:
- For groups of 51 to 100 employees, the business will only pay an additional 35% on the accident benefit premium. Other medical benefits, such as inpatient and outpatient treatment, remain within the standard geographic territory of Vietnam.
- For groups of 101 to 200 employees, the premium increase is set at 30% across the board for both accident and life insurance benefits, offering comprehensive protection for employees traveling abroad.
Businesses should carefully evaluate their budget before opting for these expansion packages to ensure financial efficiency.
📝 Key Considerations Before Choosing Geographic Expansion
When opting for global geographic expansion, businesses must note the following key points to maximize employee protection:
- Benefit Scope: Global expansion applies strictly to the specified benefits (accident benefits for the 51–100 group; accident and life benefits for the 101–200 group). Other medical treatment benefits—such as inpatient, outpatient, and dental care—will primarily be utilized within Vietnamese medical facilities unless separate special agreements are established.
- Eligibility Rules: All participating employees must comply with the contract’s rules regarding age, nationality, and legal residency status in Vietnam.
- Registration Procedure: The business must provide a detailed employee list and the required supporting documents when registering for this geographic expansion.
If your business employs many foreign personnel or frequently sends staff on international business trips, understanding these specific rules is crucial. You can find more details about the eligibility rules for foreign professionals here to get a comprehensive overview.
💡 Conclusion and the Best Solution for Your Business
The geographic scope of your corporate health insurance is a key factor in securing employee peace of mind and operational efficiency. Opting for global coverage expansion helps your business attract and retain top talent, especially senior executives who travel internationally.
To get personalized advice on the exact extra premiums and expansion conditions tailored to your company’s size, please contact our professional consultants through paa.vn for prompt and dedicated support.
