Manulife Philippines and Manulife China Bank Life launch GoalReady for Health, one financial solution for critical illness and savings
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A new critical illness plan provides comprehensive protection combined with investment-linked savings to help Filipinos prepare for future health needs.
GoalReady for Health is now available through Manulife and MCBL financial advisors and Chinabank and China Bank Savings branches nationwide.
MANILA, Philippines—Manulife Philippines and Manulife China Bank Life (MCBL) today announced the launch of Manulife GoalReady for Health, an investment-linked savings plan with comprehensive critical illness and life insurance coverage. GoalReady for Health combines investment-linked savings with critical illness and life protection—helping customers build their funds while protecting their goals if a serious illness strikes. Designed for Filipinos who want to stay on track with their long-term goals, it helps manage the potential financial disruption caused by health setbacks.
As more Filipinos plan for longer lives, staying on track with their life goals increasingly means being prepared for rising healthcare costs, prolonged illness, and the financial strain health setbacks can place on families. The plan addresses growing gap in financial preparedness for health emergencies among Filipinos. The recent Manulife Asia Care Study revealed that about four in five Filipinos believe their financial wellbeing has great impact on their health span (both physical and mental) and lifespan.
The financial stakes are steep: A study on the economic impact of cancer in the Philippines found that Filipino patients spend an average of ₱181,789 out-of-pocket within the first year of diagnosis, highlighting the significant financial burden of treatment. Yet Filipinos remain financially underprepared for these possibilities. According to latest data from the Philippine Statistics Authority, Filipinos’ household out-of-pocket for medical expenses stood at 42.7%, while a recent Manulife study found that 33% of Filipinos feel they have insufficient insurance coverage.
GoalReady for Health enables customers to build a dedicated pool of savings for future health needs through professionally managed, investment-linked fund options designed to support long-term goals. At the same time, it provides built-in critical illness protection, helping customers stay on track with their plans even when a serious health event occurs.
"Many Filipinos work hard to build toward their goals, but a serious illness can quickly turn years of progress into an unexpected financial burden. Manulife GoalReady for Health brings together critical illness protection and investment-linked savings for future health needs, helping customers stay financially prepared while protecting what they’ve worked hard to build," said Rahul Hora, President and Chief Executive Officer, Manulife Philippines.
"With Manulife GoalReady for Health, we want Filipinos to move forward with confidence, knowing that a health shock need not become a financial setback—so they can focus on recovery while keeping their savings and life goals on track, and live better for longer,” Hora added.
About Manulife GoalReady for Health
GoalReady for Health provides coverage up to age 75 and offers protection for critical illnesses across life stages, including child critical illness, early-stage critical illness, and advanced-stage critical illness. It covers 112 conditions from early to advanced stages, including cancers, heart disease, and stroke. According to the Philippine Institute for Development Studies, breast and lung cancer cases in the Philippines are projected to rise until 2040. Additionally, hypertension affects more than a third of the adult population, as per the Philippine Heart Association.
GoalReady for Health helps individuals build savings for future health needs through diversified investment options. It offers access to a wide range of high‑performing global and local funds, designed to align with different financial goals and risk appetites. These expertly managed funds are structured to help maximize long‑term growth potential.
“At Manulife China Bank Life (MCBL), we’re focused on making protection and long-term saving easier to start and sustain for more Filipinos. Through our partnership with Chinabank, GoalReady for Health makes it more accessible for customers to prepare for the financial impact of serious illness while keeping their long-term savings goals on track, enabling them to build healthier, more financially secure futures,” said Amy Gochuico, President and Chief Executive Officer, Manulife China Bank Life.
Manulife GoalReady for Health is now available through Manulife financial advisors and MCBL financial sales associates in Chinabank and China Bank Savings branches nationwide.
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 country's leading life insurance companies. 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 manulife.com/ph and following them on Facebook (facebook.com/ManulifePH), Instagram (@manulifeph), and LinkedIn (Manulife Philippines).
About Manulife China Bank Life Assurance Corporation
Manulife China Bank Life Assurance Corporation is a strategic alliance between Manulife Philippines and China Banking Corporation (Chinabank). It provides a wide range of innovative insurance products and services to customers of China Bank as well as the bank’s thrift arm, China Bank Savings (CBS). MCBL aims to ensure that every client receives holistic life, health, and wealth solutions to address his or her individual needs.
Since opening in October 2007, the company has grown into a business of significance for both Manulife and Chinabank. The two strengthened their partnership further in 2014 when Chinabank raised its equity stake in MCBL to 40%. MCBL is setting its sights on its next growth phase and reaffirming its mission to be the biggest, most professional bancassurance company in the industry that delivers extraordinary customer experience.
About Manulife
Manulife Financial Corporation is a leading international financial services provider, headquartered in Toronto, Canada. Anchored in our ambition to be the number one choice for customers, we operate as Manulife across Canada and Asia, and primarily as John Hancock in the United States, providing financial advice, insurance and health solutions for individuals, groups and businesses. Through Manulife Wealth & Asset Management, we offer global investment solutions, financial advice, and retirement plan services to individuals, institutions, and retirement plan members worldwide. At the end of 2025, we had more than 37,000 employees, over 106,000 agents, and thousands of distribution partners, serving over 37 million customers with operations across 25 markets globally. We trade as ‘MFC’ on the Toronto, New York, and Philippine stock exchanges, and under ‘945’ on the Hong Kong stock exchange. Not all offerings are available in all jurisdictions. For additional information, please visit manulife.com.
Media Contacts
John Robert Sion
Head of Communications and Corporate Affairs
Manulife Philippines
Shyla Reyes
Media Relations Director
M2.0 Communications
+63 9178475264