Manulife: Insurance for P299 annually

Manulife China Bank Life Assurance Corp. (MCBL), the bancassurance joint venture between Manulife Philippines and China Banking Corp. (China Bank), is making life insurance more affordable with the launch of SURESecure.

Available nationwide at China Bank Savings (CBS), the retail banking arm of China Bank, SURESecure provides life insurance coverage for one year for an annual premium of P299. Benefits include coverage worth P10,000 in the event of death or total and perma- nent disability, and P30,000 in the event of accidental death and dismemberment.

Individuals between 18 to 60 years old can avail of SURESecure and be eligible for life insurance coverage without going through medical examination. They can also purchase the product as gifts for their loved ones.

“CBS is pleased to have a very accessible insurance product available to its customers,” said Joey Ramos, president of CBS. “Insurance coverage for one year that costs less than P1 a day will go a long way in case of unfortunate events. We encourage our customers to take advantage of this new product.”

MCBL provides China Bank customers with exclusive life insurance and investment solutions to address their financial needs. In 2015, MCBL received the Bangko Sentral ng Pilipinas' approval to likewise offer its bancassurance products to China Bank Savings customers.

Financial products of MCBL are not insured by the Philippine Deposit In- surance Corp. and are not guaranteed by China Bank or CBS.

MCBL is a strategic alliance between Manulife Philippines and China Bank, providing a wide range of innovative insurance products and services to China Bank and CBS customers. The aim is 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 percent in Manulife China Bank Life.