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This release was distributed to members of the Financial Press Club and other press in Japan, in Japanese only. The following translation is provided for information only. Progressive Medical Insurance “ManuMed” On Sale Japan - On July 10, 2003, Manulife Japan is to launch a new, progressive medical insurance “ManuMed” across the country. ManuMed is a new type of medical insurance built on Manulife’s ample experience and expertise of universal life insurance. The product has been developed to respond to strong customer demands such as “able to select medical protection that my family and I really need,” “reasonable premium to pay only for necessary protections,” “flexible insurance that enables you to add or change protection anytime after purchase,” etc. The most important feature of the product is that it can respond to a wide range of changing medical protection needs of individuals and families for a reasonable premium. ManuMed provides a variety of medical protection features for flexible coverage. Variety of Coverage Riders Coverage riders including substantial cancer protection with a variety of innovative features such as “coverage for outpatient cases without hospitalization” and “living benefit for hospice care, etc.”, as well as protection for adult disease, female disease, injury etc. have been lined up for ManuMed. These protection features together comprise 18 medical riders to cover a wide range of incidence from disease/accidental hospitalization to injury, cancer, etc. Diverse Per-Case Inpatient Period Types For ManuMed, five types of per-case inpatient period from 30-day type to 1,000-day type have been newly established to accommodate diverse hospitalization needs from short-term coverage to long-term cases with enhanced adult disease or dread disease protection. For cancer hospitalization, there is no in-patient period limit. Fine-Tuning of Your Hospitalization Protection With the 180-day type hospitalization plan, you can further flexibly fine-tune your hospitalization protection plan. For example, ManuMed allows you to increase the benefit for the first 35 inpatient days or after day 36 of the inpatient period, or level it out throughout the period. Coverage for Entire Family One ManuMed policy can cover all the members of your family* with a different choice of protection for each member. (*Up to the third consanguinity of relatives who live together or share the same livelihood with the policyholder) “ManuMed” offers affordable premiums. “0” Cash Surrender Value ManuMed medical riders have “0” CSV, therefore allowing lower premium pricing. Medical Rider Bonus (1st in Japan) ManuMed offers a new bonus exclusively for medical riders for the first time in Japan. The medical bonus reflects premiums of all family members under the policy. Free Selection of Term / Whole Life Protection Both term and whole life options are available for all the hospitalization and cancer protection riders. In particular, the whole life protection option provides you with lifetime protection without any premium increase at rider renewal. Premium Required Only for What Is Truly Necessary From the variety of rider options you can select what you really need for a reasonable amount of premium. With ManuMed, you can choose a fully-customized plan or a handy packaged plan, according to your preference. Customize Your Protection Plan ManuMed is sold through our agents and sales representatives (PAs: Plan Right Advisors) visiting you at home. Using the latest technology, they will provide you with fully personalized insurance planning services including detailed consultation on your needs and necessary coverage, as well as proposal of your optimal plans, etc. 3 Unique Packages Based on the results of thorough market research, we have developed three unique packages for more simple and straightforward protection planning: “Hospitalization 35 Plan,” “Hospitalization 185 Plan” and “Cancer-Focus Plan.” In “Hospitalization 35 Plan” and “Hospitalization 185 Plan,” you can add various optional riders on top of the basic package to readily compose “your very own optimal medical insurance plan.” “Cancer Focus Plan” is a full package of cancer protection in large demand. ManuMed also has a savings feature. In addition to the full medical protection, ManuMed provides a flexible savings feature with a fund that reflects monthly market rates. With ManuMed, you can save money in the fund, and use the fund to adjust your premium amount or payment period, or to increase your protection amount. Lump sum payments can be made to the fund when you can afford it. Bonuses that are offered according to protection amounts are also accumulated on the fund. By taking full advantage of the savings feature, you can utilize more of the innovations of ManuMed as a universal type insurance. On launching ManuMed, Keith Walter, Senior Vice President and Managing Corporate Officer in charge of Product Development at Manulife Japan, comments as follows: “One of our biggest strengths is our expertise of universal life insurance product development that we acquired through years of experience in other countries. We made the best use of the strength to develop ManuMed as a medical insurance that provides true advantages to our Japanese customers. We believe ManuMed is a medical insurance of the highest quality that will set the standard in the medical insurance market.” Manulife Japan, a member company of the Manulife Financial Group headquartered in Canada, holds a top-class“AA+” credit rating from one of the world’s most prestigious credit rating agencies, Standard and Poor’s Co. (as of April 2003). Manulife Financial is a leading Canadian-based financial services group operating in 15 countries and territories worldwide. Through its extensive network of employees, agents and distribution partners, Manulife Financial offers clients a diverse range of financial protection products and wealth management services. Funds under management by Manulife Financial were Cdn$141.6 billion (approx. 11,376 billion yen) as at March 31, 2003. -30- For more information, please contact below. Minoru Shimizu Manulife Japan Phone: 0424-42-7076 |
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