Manulife China Financial institution Assurance unveils new product
MANILA, Philippines — Manulife China Financial institution Life Assurance Corp. (MCBL) just lately launched a brand new product which is able to present shoppers with insurance coverage safety and extra financial savings for future bills.
MCBL is the bancassurance arm of Producers Life Insurance coverage Co. Inc. (Manulife) and China Banking Corp.
Named because the MCBL Guarantee Max, the brand new plan supplies a life insurance coverage profit equal to 200 p.c of a policyholder’s primary protection.
MCBL stated the protection might last as long as 20 years, or till the shopper reaches the age of 65, relying on their wants.
Policyholders even have the choice to settle their premiums inside 5 or 10 years.
Guarantee Max additionally supplies clients with dwelling advantages, together with assured money payouts, which will probably be launched ranging from both the seventh or 11th yr of their protection, relying on the cost interval.
It additionally features a lump-sum money profit equal to 100 p.c of their primary protection on the finish of the insurance coverage time period.
MCBL stated clients might additionally profit from potential earnings by non-guaranteed dividends.
Policyholders have the choice to incorporate add-ons to guard themselves towards the monetary burdens of surprising accidents, incapacity, or essential sicknesses.
“Guarantee Max is a plan that empowers Filipinos to dwell life to the fullest. The double safety offers clients confidence that their household’s future is safe, even when unexpected occasions occur,” stated Sandeep Deobhakta, president and chief government officer of MCBL.
“The dwelling advantages present funds that can be utilized to assist individuals notice their large life targets: whether or not that’s planning for a kid’s schooling, having a cushty retirement, or leaving a legacy for family members,” she stated.
Based mostly on information from the Insurance coverage Fee, MCBL emerged because the 10th largest life insurer within the nation in 2018, with P8.56 billion in premium revenue.
That is 4.26 p.c greater than the P8.21 billion premium revenue reported in 2017.
