The Korean series Squid Game is no doubt one of the best stories ever released. It didn’t shy away from controversial topics like politics and religion, or social inequality. It also touched on the sensitive topic of financial investment.
In Squid Game, the character of Oh Il-nam is a rich but sick old man who lacks love for life in contrast to Seong Gi-hun, a young man who is poor but healthy and has strong faith that his life is going to get better.
Opposite as they may be, Il-nam and Gi-hun’s fates actually complement each other, similar to the two halves that make up a complete “reward” for a person — financial stability, good health, and happiness in life. The purpose of participating in the do-or-die game of the two characters itself is to achieve what they lack in life, according to this reward criterion.
Coincidently, this purpose has many similarities to the purpose of personal investment in the real-life financial playground.
Two different playgrounds, the same reward
Investment is mainly for the purpose of improving existing assets. Ultimately, that financial stability becomes the building blocks of a happy life. This is also the “reward” from Squid Game adapted into financial investment.
However, a quick survey of current participation in investment opportunities reveals a different reality.
Accordingly, products that are less stable, possess higher returns and larger risk variables (such as stocks or real estate) are more attractive than investment products with high stability but low in interest rates (like bank deposits or bonds).
Thus, whether it is a game in the Squid Game or a real-life investment, participants have certain difficulties in their quest to find the ultimate “reward”: a combination of financial stability, health, and happiness. As a result, the need for a more balanced product should be taken into account — for example, the “Investment-Linked Insurance” model that appeared a few years ago in the Vietnamese market.
ILP — A multi-benefit product in the investment playground
One of the newly introduced investment products in Vietnam, the Investment Linked Plan (or Product), has attracted the attention of Vietnamese investors. The reason lies in the three basic features of the product.
First, ILP is multi-beneficial. While the main task of traditional insurance products is insuring against life risks, ILP even “insures” your wallet, as it allows participants to acquire interest from the insurance premiums according to changes in financial markets, which means it is profitable.
Second, ILP is stable — especially when it comes to volatility risks. As an insurance product, ILP is less strongly and directly affected by market conditions than stocks or real estate.
Moreover, many ILPs are now well-managed by insurance companies. Thanks to that, ILP investors also face less difficulties as they don’t have to constantly monitor the situation, or are less afraid of financial risks that may occur when investing.
Third, ILP is very accessible. To participate in the ILP playground, you just need an equivalent minimum amount when investing in application or game blockchain to pay the fund by period.
However, not all ILP products are the same. To optimize the value and safety when participating in ILP, users also need to pay attention to a number of criteria such as brand reputation, profitability and flexibility. Among the existing ILP products on the market that fully meet these criteria, the ILP product — “LIFE FUN:D” — from Hanwha Life Vietnam is a typical one, a “rookie” launched in October 2021.
Specifically, the above criteria are presented in Hanwha Life’s “LIFE FUN:D” through three features: taking opportunities, full protection, and building the future.
Taking opportunities: Hanwha Life Vietnam’s product consists of three unit-linked funds (Top Stock Fund, Growth Fund, and Sustainability Fund) with a diversified asset portfolio that meets your investment goals and expected returns, but still matches your risk tolerance. You are supported by the leading experienced financial experts in Vietnam (under VinaCapital Fund Management Joint Stock Company), and are able to invest in the top 30 countries with the strongest potential and growth in Vietnam with reasonable investment fees.
In particular, you will have the chance to increase your investment amount anytime, up to ten times the Basic Premium depending on your financial ability, allowing you to anticipate investment opportunities and increase assets when the financial markets are thriving.
Full protection: This is the product that protects you against the risk of death or total and permanent disability, and increases protection for your whole family depending on their needs, included in just one contract with a diversified additional product portfolio. Especially, at important milestones in life such as marriage, childbirth, legal adoption or school transitions, Hanwha Life Vietnam offers you the opportunity to increase the Insurance Amount without undergoing any health assessment.
Building the future: Depending on individual needs and market fluctuations, this product allows you to actively change the investment rate in the Funds, or convert part or all of your Fund from the one linked Fund to another of the same account, to ensure that your investment achieves the best results.
In addition, in the 6th, 9th, 12th, 15th, and 18th years of the contract, Hanwha Life Vietnam offers you a Contract Maintenance Bonus equal to 10% of the Basic Premium. The product also offers you a Special Bonus up to 650% of the Basic Premium on the 10th and 20th years of your contract.
Adapted by Thao Van