Manulife launches Health Protect to help businesses better protect their employees

To help businesses in the Philippines protect their employees’ health and secure their future, Manulife has recently launched Health Protect, a one-year renewable term insurance plan that provides employees with health protection coverage of up to Php 5 million against various critical illnesses.*

Based on Manulife’s 2020 health study titled, “Understanding Filipino Sentiments Toward Health and Critical Illness,” among the top critical illnesses most feared by Filipinos are cancer, heart attack, and stroke. With Health Protect, companies can provide their employees with relevant health protection by choosing from any of its four protection bundles against: (a) cancer; (b) cancer, heart attack, and stroke (3 critical illnesses); (c) cancer + 57 other critical illnesses; or (d) 3 critical illnesses + 57 other clinical illnesses.

Businesses with full-time and active-at-work employees can purchase Health Protect for a minimum coverage amount of Php 50,000. For organizations with existing basic group life plans, they can also boost their employees’ protection with the new group critical illness riders. Businesses can opt to upgrade their plan to include additional coverage of up to Php 6 million.

Manulife adds new fund options to variable life insurance-linked products, giving customers access to global portfolios

 

Global life insurer Manulife Philippines recently added three new fund options to its variable life portfolio: Tiger Growth Fund, US Growth Fund, and Global Preferred Securities Income Fund. These new funds are available with select Manulife variable life insurance (VUL) products.

“Filipinos have shown greater interest in purchasing life insurance because of the uncertainties brought about by the pandemic. Recognizing this key finding from our recent Asia Care Survey, we are focused on offering customers relevant insurance products, which can provide both life protection and investment opportunities in key global markets,” Richard Bates, Chief Executive Officer of Manulife Philippines, said. “Through these new funds available with our investment-linked insurance products, Filipinos can expand their portfolios to include global markets and optimize potential returns.”

Tiger Growth Fund invests in innovative publicly traded companies in the growing economies of mainland China and Hong Kong, which have a track record for high revenues and have been performing well in the market. Customers will also have access to mainland China’s sizable economy and transformative growth, driven by their biggest companies in the e-commerce and technology industries.

Maxicare inks partnership with Manulife

Maxicare Healthcare Corporation, the country’s leading healthcare provider, recently formed a 2-year partnership with Manulife Philippines, the largest insurance company in the country, to help make lives of Filipinos better through easy access to financial and health products.