Manila ― Manulife’s HealthFlex, a highly customizable life and health insurance plan, has been recognized by the 6th Insurance Asia Awards as the New Insurance Product of the Year in the country for 2021.
The Insurance Asia Awards recognizes Asia’s most outstanding insurance companies that have shown excellence in their product solutions and services across different markets in the region. A panel of industry experts evaluated and rated each nomination based on overall success, accomplishments, and industry innovations in the past two years.
“The heightened awareness of Filipinos on the importance of health and financial protection amid the pandemic has prompted many of them to protect themselves and their families against uncertainties, such as critical illnesses,” said Richard Bates, President and CEO of Manulife Philippines. “We carefully designed Manulife HealthFlex with these insights and sentiments in mind. By giving Filipinos the flexibility to choose the most suitable life and health insurance plan to meet their needs – in both the cost and scope of coverage – we can help manage their concerns around critical illness, and provide them financial security and peace of mind.”
Subject to terms and conditions, with HealthFlex, customers may choose which types of illnesses will be covered by their insurance: (1) cancer only; (2) cancer, heart attack, and stroke (the top three illnesses); (3) cancer plus other elderly and critical illnesses; or (4) the top three illnesses, plus other elderly and critical illnesses. It also provides guaranteed coverage until age 100 for more than 112 critical illnesses, and may be further upgraded through protection riders.
For more information about HealthFlex, visit Manulife Philippines’ website www.manulife.com.ph or follow them on Facebook (www.facebook.com/ManulifePH), Twitter (@ManulifePH), and Instagram (@manulifeph).
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 operate as Manulife across our offices in Canada, Asia, and Europe, and primarily as John Hancock in the United States. We provide financial advice, insurance, and our global wealth and asset management segment, Manulife Investment Management, serves 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 June 30, 2021, we had CAD$1.3 trillion (US$1.1 trillion) in assets under management and administration, and in the previous 12 months we made $31.3 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.