This highlight content is prescribed by the Prime Minister in the Decision No. 32/2021/QD-TTg dated October 20, 2021 on insurance money limit.
Specifically, the maximum payable insurance money amount that the deposit insurers pay for all deposits covered by insurance in accordance with the Law on Deposit Insurance of an individual at an organization participating in deposit insurance when the obligation to pay insurance money arises must not exceed VND 125 million. For deposits whose obligation to pay insurance money has arisen but not yet paid under the Law on Deposit Insurance before the effective date of this Decision, the insurance money limit shall comply with the Decision No. 21/2017/QD-TTg dated June 15, 2017.
This Decision takes effect on December 12, 2021.