Expansions emerging in bancassurance services 08:00 | 12/05/2021 Expansions emerging in bancassurance services, source: pgbank.com.vn On April 28, Bao Viet Life Insurance Corporation and PGBank â the banking arm of Petrolimex â inked a comprehensive agreement to provide exclusive bancassurance services. Bao Viet Life and PGBank will gear up their activities with a major focus on providing Bao Viet insurance products through PGBankâs channels, payment, and collection services, diversifying banking products. Nguyen Phi Hung, general director of PGBank, said that bancassurance is one of the most appealing distribution channels of insurance services nationwide. âThe strategic cooperation between banks and insurance is an inevitable trend, thus opening up new opportunities for both sides. We are very honoured to be a trusted partner of Bao Viet Life Insurance to provide seamless, best-in-class insurance products to our customers,â Hung added.