Wednesday, May 29, 2024

Manulife China Bank Launches AssureMax, an Insurance Plan with Double Life Protection & Guaranteed Cash Payouts

Manulife China Bank Launches AssureMax, an Insurance Plan with Double Life Protection & Guaranteed Cash Payouts

How do you feel about this story?

Like
Love
Haha
Wow
Sad
Angry

MANILA — Manulife China Bank Life Assurance Corporation (MCBL), the bancassurance partnership between Manulife and China Bank, recently launched AssureMax, a life insurance plan to combine protection benefits with guaranteed returns that Filipinos can use to fund their children’s education, support their businesses or their passions and provide themselves a comfortable retirement, and other future needs and financial goals.

MCBL AssureMax, now available in 5- and 10-year payment terms, offers guaranteed life protection equal to 200% of the face amount; a guaranteed cash payout that is 10% of the face amount every two years, starting at the end of their seventh year for the 5-year variant and starting at the end of their 11th year for the 10-year variant; and a guaranteed maturity benefit that is equal to 100% of the face amount paid out at the end of the policy term. It comes with pre-selected or optional riders, such as accidental death benefits, payor’s benefits, hospital income benefits, and other non-guaranteed benefits.

“With high protection and guaranteed returns offered by AssureMax, we want to provide Filipinos a smarter way to save, wherever they may be in their life journey. AssureMax is designed for our customers who aim to save up to purchase a new home, finance their children’s education, or prepare for their retirement while ensuring insurance coverage.

AssureMax is also tailor-fit for those who want to grow their investments or diversify their financial portfolios to reach their life goals,” said Neil Bowyer, President, MCBL.

MCBL AssureMax is available in two basic plans: AssureMax 20 for ages 0-65 and AssureMax 65 for ages 0-45, with a benefit period of 20 years or up to age 65.

To learn more about AssureMax, visit www.manulife-chinabank.com.ph.

—END—

Manulife China Bank Life Assurance Corporation (MCBL) is a strategic alliance between Manulife Philippines and China Bank. MCBL provides a wide range of innovative insurance products and services to China Bank and CBS China Bank Savings customers. MCBL aims to ensure that every client receives the best possible solution to meet his or her individual financial and insurance needs. In 2014, China Bank raised its equity stake to 40% in MCBL.

Manulife Philippines 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, www.manulife.com.ph, and following them on

Facebook (www.facebook.com/ManulifePH), Twitter (@ManulifePH), and Instagram (@manulifeph).

About Manulife

Manulife Financial Corporation is a leading international financial services provider, helping people make

their decisions easier and their lives better. With our global headquarters in Toronto, Canada, we provide

financial advice and insurance, operating as Manulife across Canada, Asia, and Europe, and primarily as John Hancock in the United States. Through Manulife Investment Management, the global brand for our Global Wealth and Asset Management segment, we serve individuals, institutions, and retirement plan members worldwide. At the end of 2022, we had more than 40,000 employees, over 116,000 agents, and thousands of distribution partners, serving over 34 million customers. We trade as 'MFC' on the Toronto, New York, and Philippine stock exchanges and under '945' in Hong Kong.

Not all offerings are available in all jurisdictions. For additional information, please visit manulife.com.

About China Bank

China Banking Corporation (China Bank), founded in 1920, is one of the leading universal banks in the Philippines and is the country’s first privately owned local commercial bank. It was listed on the Philippine Stock Exchange in 1927 (PSE stock symbol: CHIB), became the first bank in Southeast Asia to process deposit accounts online in 1969, the first Philippine bank to offer phone banking in 1988, and acquired its universal banking license in 1991. It provides a full range of banking products and services to corporate, commercial, and retail customers through 637 branches to date, including 160 branches of its retail bank arm China Bank Savings (CBS), complemented by 1,034 ATMs nationwide (162 ATMs for CBS), as well as internet and mobile banking alternative channels and services. It also offers a wide array of allied financial services through its subsidiaries China Bank Capital Corp., China Bank Securities Corp., China Bank Insurance Brokers Inc., and affiliate Manulife China Bank Life Assurance Corp. With a century of enduring relationships, marked by quality service to its generations of clients and significant contribution to the country’s economy, China Bank remains committed to ethical and responsible banking, and as one of the largest and strongest, most respected and trusted financial institutions in the country.

Visit www.chinabank.ph for more information.

Manulife China Bank Life Assurance Corporation is located at the 10th Floor NEX Tower, 6786 Ayala Avenue, Makati City, 1229 Philippines. For any inquiries, you may call our Customer Care at +632 8884- 7000 or our Direct Line at +632 8843-4091.