outbrain
Close  

Manulife boosts benefits for COVID 19-stricken clients

/ 09:59 AM April 01, 2020

Insurer Manulife Philippines has boosted insurance benefits for eligible clients who may be stricken with the dreaded coronavirus (COVID-19) until the middle of this year without additional premium cost to these customers.

ADVERTISEMENT

“We are closely monitoring this situation and continuously looking for ways to make lives better for our customers during these unprecedented times,” said Richard Bates, president and chief executive officer at Manulife Philippines.

“By offering COVID-19 coverage benefits, we hope to lessen our customers’ worries about its potential financial burden on their families, so they can focus instead on recovering and getting better,” he added.

FEATURED STORIES

The benefits are available without any additional cost to customers with individual policies purchased on or before March 15, 2020 who are diagnosed with COVID-19 from March 23 to June 30, 2020.

The benefits are as follows:

– Customers with hospitalization benefit coverage will receive an additional P1,500 per day of hospitalization, up to a maximum of 10 days; and,

– Customers with critical illness coverage will receive a one-time diagnosis benefit of P10,000 upon being diagnosed positive for COVID-19.

Manulife Philippines has also stretched out premium payment period to 60 days after their due date from March 16 to April 30, 2020. Likewise, the company is waiving its 30-day notice period and 90-day requirements submission deadline for claims related to COVID-19 from March 10 to June 30, 2020.

ADVERTISEMENT
Read Next
EDITORS' PICK
MOST READ
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: (COVID-19) outbreak, Manulife Philippines, Richard Bates
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.