Business
Manulife China Bank Life Assurance Corp (MCBL) Provides Life Insurance Coverage For As Low As Php 299 Per Year with SURESecure
Manulife China Bank Life Assurance Corporation (MCBL), the bancassurance joint venture between Manulife Philippines and China Banking Corporation (China Bank), is making life insurance more affordable with the launch of SURESecure.
Available nationwide at China Bank Savings (CBS), the retail banking arm of China Bank, SURESecure provides life insurance coverage for one year for an annual premium of Php 299. Benefits include coverage worth Php 10,000 in the event of death or total and permanent disability, and Php 30,000 in the event of accidental death and dismemberment.
Individuals between 18 to 60 years old can avail of SURESecure and be eligible for life insurance coverage without going through a medical examination.
“China Bank Savings is pleased to have a very accessible insurance product available to its customers,” said Joey Ramos, President of China Bank Savings. “Insurance coverage for one year that costs less than Php1 a day will go a long way in case of unfortunate events. We encourage our customers to take advantage of this new product.”
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.
To know more about SURESecure, customers can call MCBL’s Customer Care Hotline at (632) 884-7000 or toll free hotline at 1-800-1-888-6268, Mondays through Fridays, 8:00AM to 8:00PM, or email phcustomercare@manulife.com.
Financial products of Manulife China Bank Life Assurance Corporation are not insured by the Philippine Deposit Insurance Corporation and are not guaranteed by China Banking Corporation or China Bank Savings.