Manulife Shop Offers Insurance Products Starting at Php199
Manulife Philippines is pleased to announce the introduction of Manulife Shop (https://manulife.com.ph/online-shop), a new digital platform that will enable Filipinos to purchase inexpensive insurance products online at their leisure.
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| Manulife Shop Offers Insurance Products Starting at Php199 |
Manulife Shop provides annually renewable insurance solutions that allow clients to choose their coverage based on their budget, with life protection coverage of up to Php 1,000,000 available, subject to the terms and conditions of their insurance policy. The platform was created in collaboration with Democrance, an award-winning worldwide insurtech start-up that digitizes distribution channels and insurance value chains for emerging market sectors by providing quick and safe solutions.
Manulife Shop caters to the growing number of Filipinos looking for digitally enabled insurance to safeguard themselves. According to a recent Manulife study, "The Modern Filipino Family: Exploring family dynamics and digitalization in the new normal," 90% of Filipinos surveyed use e-commerce apps, while 82% use finance applications for cashless payments or insurance purchases. Furthermore, 25% of Filipino Gen X and 33% of Filipino millennials said they bought insurance products online in the previous 12 months, while 41% of Gen Zs said they want to buy insurance products online in the future 12 months. The poll respondents mentioned convenience (45%), a sense of security (22%), and protection (17%) as reasons for purchasing insurance goods online.
“Manulife Shop is our latest initiative to provide intuitive, convenient, and frictionless customer experience for today’s hyper-digital Filipinos, in line with our ambition to be the most digital, customer-centric global company in our industry,” said Rahul Hora, President and Chief Executive Officer, Manulife Philippines. “Through Manulife Shop, we respond to the needs of Filipinos who want access to easy and affordable insurance protection options, with the comfort of digitally driven customer experiences where they can transact seamlessly.”
The three products available on Manulife Shop are as follows:
- Manulife 365 Ready Accident - For as little as Php199.00 per year, 365 Ready Accident is an accident life insurance plan that covers accidental death, dismemberment, total permanent disability, double indemnity, and family aid.
- Manulife 365 Ready Life - A term life insurance policy that can be purchased for as little as Php249.00 a year.
- Manulife 365 Ready Duo - A combination of term life and personal accident insurance plan that provides both life and accident protection benefits for as low as Php448.00 a year.
Customers who are interested in receiving advice and consultations can contact a Manulife financial advisor. Visit https://manulife.com.ph/online-shop to discover more about Manulife Shop. Visit www.manulife.com.ph for more information on Manulife's other products and services, or follow them on Facebook (www.facebook.com/ManulifePH), Twitter (@ManulifePH), and Instagram (@manulifeph).