From 1907 to 1998, Manulife Financial operated in the Philippines as a branch of The Manufacturers Life Insurance Company.
On January 1, 1999, Manulife's operations in the Philippines became Manulife Philippines, a wholly owned subsidiary. This move established a more formidable and permanent presence for Manulife's Philippine operations by conducting its business through a domestic company. In addition, the incorporation of Manulife Philippines paved the way for the Company to expand its presence and accelerate its growth to deliver a broad portfolio of products and services to more people.
Headquartered in Metro Manila, today Manulife Philippines reaches out to the different parts of the archipelago using strategically located field offices and a team of more than 1,000 full time professional agents.
On August 24, 2000, Manulife received approval from the Philippine Securities and Exchange Commission (SEC) to operate its Pension & Education (P&E) affiliate - Manulife Financial Plans, Inc. (MFP). MFP is committed to offering high quality P&E plans to the public. In the process, it aims to extend the same valued service Manulife is known to provide.
In 2007, the Philippine Insurance Commission (IC) and the Bangko Sentral ng Pilipinas (Central Bank) approved the operation of a bancassurance joint venture company, Manulife China Bank Life Assurance Corporation. A strategic bancassurance alliance between China Banking Corporation (China Bank), the Philippine's first privately owned commercial bank, and Manulife Philippines, Manulife China Bank Life Assurance Corporation offers a wide range of insurance products tailored to the needs of China Bank's depositors and clients.