New pay and earn scheme highlights Manulife Philippines newest product
The product is available for less than $400 a year, payable in five to 10 years.
Manulife Philippines has launched FutureBoost, a flexible insurance plan that provides customers with multiple rewards and bonuses to help them achieve their life goals and enrich their future.
FutureBoost includes life and financial protection in one plan, and offers Filipinos a number of key benefits, one of which is being able to earn a premium bonus equivalent to 5% of their basic premium, whenever the customer pays on time.
Customers may also avail of the additional bonus equivalent to 2% of their basic premium, if they opt to add to their premium by extending the number of years they put funds into their policy. Manulife also has an annual loyalty bonus equivalent to either 0.5% or 0.75% of their account values upon completion of their policy’s 10th year.
Manulife also highlights that the new product has no upfront premium charges, and payments are automatically invested in the customers’ chosen funds, allowing them to start building their investments quickly.
Customers can choose various options depending on their budget and goals. FutureBoost is available for as little as PHP 20k ($391) a year in premiums, payable over a minimum of five or 10 years.
“Despite the challenges of the pandemic, Filipinos have become more empowered to take charge of their health and financial well-being. FutureBoost offers Filipinos a flexible life insurance plan with built-in investments that they can tailor to their needs. Through this product offering, we hope to help more customers secure every stage of their life journey, accelerate growth in their finances and achieve their financial goals quicker,” Richard Bates, president and chief executive officer of Manulife Philippines said.
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