For Immediate Release
November 6, 2019
TSX/NYSE/PSE: MFC SEHK: 945
Hong Kong – 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 death1 , 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:
About Manulife Hong Kong
Manulife Hong Kong, through Manulife International Holdings Limited, owns Manulife (International) Limited, Manulife Investment 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.
Manulife Financial Corporation is a leading international financial services group that helps people make their decisions easier and lives better. With our global headquarters in Toronto, we operate as Manulife across our offices in Canada, Asia, and Europe, and primarily as John Hancock in the United States. 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 September 30, 2019, we had over C$1.2 trillion (HK$6.9 trillion) in assets under management and administration, and in the previous 12 months we made C$29.8 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. We trade as 'MFC' on the Toronto, New York, and the Philippine stock exchanges and under '945' in Hong Kong.