Manulife Philippines and Manulife China Bank Life Offer Special Rates on Personal Protection Plans for Filipino Families

Manulife Philippines and Manulife China Bank Life (MCBL) have announced that they are giving a special rate of 20% off the first-year premium for select life insurance products, to make coverage more accessible to Filipinos during these trying times.

 

Customers who avail Manulife’s Seasons 100, Freedom 65 Plus and Freedom 20 Plus, as well as MCBL’s Assure Max, from April 20 to April 30, 2020 are qualified to receive 20% off their first-year premium on both their base insurance plan, as well as any riders that are attachable*.

 

“The challenges we currently face remind us of our true essentials – family, health, security. We’d like to help Filipinos have the comfort and peace of mind that they are protected, and can provide for their families, even in the event of unexpected illness or loss of life,” said Richard Bates, Manulife Philippines President and CEO. “By making our products more accessible, we hope to help more Filipinos care for those that matter to them most.”

 

Seasons 100**, which provides coverage until you reach 100, includes guaranteed life insurance protection for the insured, guaranteed cash values which can be borrowed in case of emergencies, and a guaranteed maturity benefit, which is equal to the amount of life insurance coverage the insured would be entitled to upon reaching age 100. You can also choose variants that will give you double the coverage, guaranteed cash payouts, or long-life bonuses at ages past 65.

Meanwhile, Freedom 65 Plus** and Freedom 20 Plus**, provide guaranteed life insurance protection for the insured, guaranteed cash payouts, which can be received on a more regular basis while the insured is still alive, and a guaranteed lump sum cash benefit, which is equal to 100% of life insurance coverage after 20 years or at age 65.

 

Finally, Assure Max**, MCBL’s life protection plan for up to 20 years or up to age 65, provides a guaranteed life insurance benefit equal to 200% of the basic coverage, guaranteed payouts every 2 years after full payment of premiums as long as insured is alive, and guaranteed lump-sum cash benefit equal to 100% of basic coverage to be given at the end of the coverage period, as long as insured is alive.

 

* Attachable riders include Accidental Death Benefit (ADB), Hospital Income Benefit (HIB), Maccimax Plan (1, 2, 3 or 4), Term Rider, and Total Disability Waiver (TDW) / Payor’s and Benefit (PB). They also include Enhanced Critical Illness Rider with 60 illnesses for Manulife Seasons 100, Freedom 65 Plus and Freedom 20 Plus, and Enhanced Critical Illness Rider with 35 illnesses for Assure Max 20 and Assure Max 65.
** Specific terms and conditions apply. Please visit https://www.manulife.com.ph/true-essentials

 

 

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

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.