HONG KONG, Nov. 6, 2019 /PRNewswire/ -- Manulife Hong Kong has announced the launch of ManuVital Care to offer essential coverage against 112 critical illnesses and diseases at affordable, guaranteed premiums. With features such as a unique step-up premium plan and an option to convert to a more comprehensive critical illness solution, ManuVital Care is tailored for those looking for critical illness protection and financial flexibility, such as younger generations at the earlier stages of their careers.
Wilton Kee, Chief Product Officer for Individual Financial Products at Manulife Hong Kong, said: "With healthcare costs on the rise, it is important to have adequate critical illness protection that can provide customers with peace of mind. In Hong Kong, young adults are no exception when it comes to critical illnesses. Cancer, heart disease, and stroke are the leading causes of death[1], while new cancer cases increased by 18% between 2011 and 2016 among Hong Kong people aged 20-34[2]. With critical illnesses striking at a younger age, appropriate protection becomes even more important."
"Manulife is committed to providing customers with the best protection against critical illness at different life stages, and we recognise the need for affordable critical illness protection among younger generations. ManuVital Care offers customers financial safety net should critical illness strike, while providing them with an option to convert to a more comprehensive critical illness plan on the fifth policy anniversary," Mr. Kee added.
ManuVital Care offers the following key features:
For more details about ManuVital Care, please refer to the product brochure or visit www.manulife.com.hk.
About Manulife Hong Kong
Manulife Hong Kong, through Manulife International Holdings Limited, owns Manulife (International) Limited, Manulife Asset Management (Hong Kong) Limited and Manulife Provident Funds Trust Company Limited. As a member of the Manulife group of companies, Manulife Hong Kong offers a diverse range of protection and wealth products and services to individual and corporate customers in Hong Kong and Macau.
About Manulife
Manulife Financial Corporation is a leading international financial services group that helps people make their decisions easier and lives better. We operate primarily as John Hancock in the United States and Manulife elsewhere. We provide financial advice, insurance, as well as wealth and asset management solutions for individuals, groups and institutions. At the end of 2018, we had more than 34,000 employees, over 82,000 agents, and thousands of distribution partners, serving almost 28 million customers. As of June 30, 2019, we had over C$1.1 trillion (HK$6.8 trillion) in assets under management and administration, and in the previous 12 months we made C$29.4 billion in payments to our customers. Our principal operations in Asia, Canada and the United States are where we have served customers for more than 100 years. With our global headquarters in Toronto, Canada, we trade as 'MFC' on the Toronto, New York, and the Philippine stock exchanges and under '945' in Hong Kong.
[1] Source: Number of death by leading causes of death 2018, Department of Health, the Government of the Hong Kong Special Administrative Region. |
[2] Source: Website of Hong Kong Cancer Registry, Hospital Authority. Number of new cancer cases from Year 2011 to 2016. |
[3] Except for the coverage of osteoporosis with fractures, which will end when the life insured reaches the age of 70. |
[4] The case assumes that the exchange rate is US$1 = HK$7.8. All premiums are based on the applicable premium rates at the time when a customer takes up the plan. From the 15th policy year until the customer reaches age 65, the guaranteed annual premium will be US$1,362 (equivalent to HK$10,623). |
[5] Subject to terms and conditions. Please refer to the product brochure. |