Insurer reaching out to more people

/ 12:16 AM September 01, 2016

Bancassurance firm Manulife China Bank Life Assurance Corp. has rolled out an affordable life insurance package that requires a premium of as low as P299 per year in a bid to reach out to more people.

The bancassurance joint venture between Manulife Philippines and China Banking Corp. announced Wednesday that the affordable insurance product, called SURESecure, would coverage for one year. Benefits include coverage worth P10,000 in the event of death or total and permanent disability and P30,000 in the event of accidental death and dismemberment.


The new product is available nationwide at China Bank Savings (CBS), the retail banking arm of China Bank.

Individuals between 18 to 60 years old are eligible for life insurance coverage under SURESecure without going through a medical examination. This can also be purchased as gifts for loved ones.


“China Bank Savings is pleased to have a very accessible insurance product available to its customers,” Joey Ramos, China Bank Savings president, said in a statement.

“Insurance coverage for one year that costs less than P1 a day will go a long way in case of unfortunate events,” he said.

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. Doris Dumlao-Abadilla

Subscribe to Inquirer Business Newsletter
Read Next
Don't miss out on the latest news and information.
View comments

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: bancassurance, Business, economy, Insurance, Manulife china bank life assurance corp., News
For feedback, complaints, or inquiries, contact us.

© Copyright 1997-2020 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.