Hongkongers link insurance to better ageing health outcomes

43% expect to spend more on medication.

Six in 10 Hong Kong individuals believe that insurance coverage plays a role in helping maintain physical health as they age, according to the 2025 Manulife Asia Care Survey.

The report further showed that insurance and financial planning are becoming central to how Hongkongers prepare for longer lives, with a growing focus on quality of life in retirement.

The findings also show that 43% expect to spend more on medication, whilst 37% anticipate higher costs for major illnesses or surgeries. 

Another 35% foresee spending more on mobility support due to aging.

Despite these expectations, many respondents rely heavily on cash. 

Across savings and investments (excluding property), cash accounts for 45% of liquid assets, rising to 53% for those aged 25 to 34. 

For retirement, 55% of respondents consider cash their most important asset, whilst only 31% cite pension schemes.

However, 43% expect pension providers to ensure a steady income in retirement. Still, only 36% prioritise long-term investment growth and 32% seek protection against inflation. 

The survey indicates that diversification remains underappreciated, with just 30% of respondents actively focusing on it.

Jeanie Ho, Head of Hong Kong and Macau Retirement at Manulife, said that whilst cash offers a sense of security, it is often not enough to maintain quality of life in retirement. 

She noted that MPF schemes are becoming more important, and Manulife is introducing AI tools and a simulation platform to help users better understand post-retirement investing.

The survey also highlights the role of financial advice. Of those with professional financial planners, 62% are confident they’ll have enough retirement funds, compared to just 29% of those without one.