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Universal Products
Manulife Japan launched one of the first universal life products in Japan in 2001, “ManuFlex.” This product provides a strong savings feature that supports asset formation, and a variety of attachable life and medical riders that can be combined according to life stage changes. In July 2003, Manulife Japan’s new universal medical insurance product, “ManuMed,” was introduced to tremendous response. Furthermore, in June 2005 Manulife Japan launched the “Universal Change Plan.” This plan is aimed at Manulife policyholders and allows them to change from their current traditional types of insurance policies Refers to policies established between April 2, 1999 and October 1, 2003 (excluding individual variable annuity insurance, individual annuity insurance, child insurance, and the product “Eight”). to Manulife Japan’s latest universal-type life insurance products (ManuFlex, ManuMed), by adding a universal change rider (for survival benefit insurance).

In addition, “ManuStep” has been on sale since October 2005. This “ManuStep” is a universal type product with a balanced fund as an additional feature, newly developed to provide a way for policyholders to enjoy a full life after retirement by fully leveraging its competitive advantage .

Annuity Products
In 2002, “ManuSolution,” an innovative investment type annuity, was brought to market, further strengthening and expanding Manulife Japan’s wealth management product line-up. “ManuHundred GW” followed in April 2003, a variable annuity product to be sold exclusively through Nikko Cordial Securities. In September 2003, “ManuVest,” a variable annuity insurance product with a minimum guarantee on annuity capital, was also introduced.

In April 2004, Manulife Japan began selling “Premiere” – the first variable annuity insurance product in Japan to offer an annuity capital guarantee of 110% of the basic benefit amount. Premiere was the first product to be developed through the alliance between Manulife Japan and the Bank of Tokyo-Mitsubishi. The innovative and competitive nature of Premiere results from the Bank of Tokyo-Mitsubishi’s strong presence in the Japanese annuity insurance market and Manulife Japan’s global product expertise and experience with variable annuity products.

Sales of Manulife Japan’s traditional products were discontinued in the fourth quarter of 2003. This simplified its product lineup, clarifying Manulife Japan’s strategy to concentrate on two primary growth fields: universal life insurance for financial protection, and variable annuity insurance for wealth management.

In February 2005 “ManuPrime” was launched through the Plan Right channel. This product offers a guarantee similar to “Premiere,” thus allowing Manulife Japan to provide more clients with this unique product innovation. Furthermore, in November 2005 the Bank of Tokyo-Mitsubishi and UFJ Bank both started sales of “Two Surprises,” an individual variable annuity insurance product developed for sales through the Mitsubishi UFJ Group. This product continued the joint product development partnership that was initiated with the product Premiere.