A closer look at the financial and mental well-being of Filipino millennials and Generation Z in the time of COVID-19.
Manulife Asia Care Survey 2023
In the midst of economic uncertainty, how do Filipinos view the importance of health and well-being, and its impact on financial security?
In Manulife's Asia Care Survey, more than 1,000 Filipino survey respondents shared their sentiments on health and finances amid economic uncertainty. Specifically, the study delved on their expectations on health longevity, insights on financial preparedness and retirement planning, and their views on the value of insurance for financial stability and health protection.
What are their top financial goals?
How do they save for retirement?
20% Retirement insurance
18% Government's subsidy
17% Financial assistance from my next generation
18% Inheritance
17% Personal life insurance
9% Personal health and critical illness insurance
In this study, we found that the pandemic has heightened the financial and mental health challenges of today’s most empowered generations.
Talk to a financial advisor today
Want to learn more about how to plan for a better, longer life?
Savings
Retirement
Guaranteed protection and cash benefits for your future needs like your child’s education or pursuing your passions.
Savings
Wealth
Maximize the growth of your funds and get life insurance to secure yourself and your family.
Savings
Get a boost for the future with a plan that works as hard as you do.
Filipinos' Health Span Expectations
Expected age of retirement
Expected age to still be in good health
98% of Filipinos have at least 1 anxiety about health
Top health-related anxieties among Filipinos
37% Loss of income or job
28% Unpredictability of getting ill
26% Uncertainty on who will take care of me
17% Difficulty in accessing good quality treatment
Top illnesses most feared by Filipinos
2 Diabetes
3 Cancer
4 Stroke
5 Depression
6 Anxiety
7 Live Diseases
8 Alzheimer's, e.g. dementia
9 Flu and pneumonia
10 Burnout
A closer look at the financial and mental well-being of Filipino millennials and Generation Z in the time of COVID-19.
In this study, we found that the pandemic has heightened the financial and mental health challenges of today’s most empowered generations.
Talk to a financial advisor today
Want to learn more about how to plan for a better, longer life?
Health
Hospital-based medical insurance for the treatment of non-critical and critical illnesses
Health
Be prepared when critical illness strike with a comprehensive health plan that does the work for you
Insurance demand on the rise
More Filipinos now see the value of insurance as a means to prepare for health emergencies, and to achieve a more comfortable retirement and overall financial security.
Top insurance products considered by Filipinos
36%
Health insurance (non-hospitalization)
34%
Life protection
33%
Hospitalization
29%
Retirement
24%
Accident
A closer look at the financial and mental well-being of Filipino millennials and Generation Z in the time of COVID-19.
In this study, we found that the pandemic has heightened the financial and mental health challenges of today’s most empowered generations.
Talk to a financial advisor today
Want to learn more about how to plan for a better, longer life?
Savings
Retirement
Guaranteed protection and cash benefits for your future needs like your child’s education or pursuing your passions.
Savings
Wealth
Maximize the growth of your funds and get life insurance to secure yourself and your family.
Savings
Get a boost for the future with a plan that works as hard as you do.
Health
Be prepared when critical illness strike with a comprehensive health plan that does the work for you