Manila, Philippines – To support communities impacted by the devastation caused by Super Typhoon Odette (international name: Rai), Manulife announced that it will donate CAD 100,000 (approximately PHP4 million) to two aid organizations in the Philippines:
“Typhoon Odette has caused destruction of catastrophic scale in various parts of the country. We hope Manulife’s relief efforts for reconstruction and recovery can contribute to mitigating the typhoon’s impact on many Filipinos’ lives, property, and sources of livelihood,” said Richard Bates, President and CEO, Manulife Philippines. “In cooperation with ACCORD and the Philippine Red Cross, we aim to support their immediate needs on the ground, protect their health and safety, and help them bounce back from this challenging time.”
To assist Manulife customers affected by Typhoon Odette, Manulife Philippines and Manulife China Bank Life recently extended a premium payment grace period of 90 calendar days for policies with due dates from December 17, 2021 to January 31, 2022. The extension covers customers residing in Bohol Province, Butuan City, Cebu Province, Ormoc City and Tacloban City in Leyte Province, Surigao del Norte, and Palawan.
In addition to these donations and customer supports, Manulife activated its employee giving program to further enable its global team to support affected communities.
About Manulife Philippines
The Manufacturers Life Insurance Company opened its doors for business in the Philippines in 1907. Since then, Manulife’s Philippine Branch and later The Manufacturers Life Insurance Co. (Phils.), Inc. (Manulife Philippines) has grown to become one of the leading life insurance companies in the country. Manulife Philippines is a wholly-owned domestic subsidiary of Manulife Financial Corporation, among the world’s largest life insurance companies by market capitalization. Learn more about Manulife Philippines by visiting their website www.manulife.com.ph and following them on Facebook (www.facebook.com/ManulifePH), Twitter (@ManulifePH), and Instagram (@manulifeph).
Manulife Financial Corporation is a leading international financial services provider that helps people make their decisions easier and lives better. With our global headquarters in Toronto, Canada, we provide financial advice and insurance, operating as Manulife across Canada, Asia, and Europe, and primarily as John Hancock in the United States. Through Manulife Investment Management, our global wealth and asset management segment, we serve individuals, institutions, and retirement plan members worldwide. At the end of 2020, we had more than 37,000 employees, over 118,000 agents, and thousands of distribution partners, serving over 30 million customers. As of September 30, 2021, we had CAD$1.4 trillion (US$1.1 trillion) in assets under management and administration, and in the previous 12 months we made CAD$31.6 billion in payments to our customers. Our principal operations are in Asia, Canada and the United States where we have served customers for more than 155 years. We trade as 'MFC' on the Toronto, New York, and the Philippine stock exchanges and under '945' in Hong Kong.