Manulife Philippines and Manulife China Bank Life (MCBL) have launched an investment-linked savings plan that doubles as critical illness and life insurance coverage, according to Philstar Biz .
The new product is designed to help Filipinos stay financially prepared when health setbacks occur, offering both savings growth and protection against critical illnesses. Policyholders can build cash value through investments while securing a lump-sum benefit if diagnosed with a covered condition, in addition to life insurance protection.
Manulife executives said the plan addresses a growing demand for integrated financial solutions that combine wealth accumulation with health risk coverage. The company aims to provide Filipino families with a single product that supports both long-term savings goals and medical emergencies.