Manulife China Bank Life Assurance Corp. (MCBL) has launched two group insurance plans for Philippine businesses with five to 200 employees, offering coverage from ₱100,000 to ₱1 million through pre-approved rates and a simplified enrollment process.
MCBL, the strategic alliance between Manulife Philippines and China Banking Corp., said Secure Pinoy Group Life Care and Secure Pinoy Group Life Care Plus provide life, accident, and disability protection. Employers can add selected health benefits based on their workforce’s needs.
“When unexpected events happen, financial security can make a meaningful difference for employees and their families,” said Amy Gochuico, president and CEO, MCBL. “As employers look for ways to care for their workforce beyond compensation, Secure Pinoy offers a practical and flexible solution that helps provide protection, peace of mind, and greater confidence for the future.”
Secure Pinoy Group Life Care covers office-based, administrative, professional, and other non-hazardous occupations. Secure Pinoy Group Life Care Plus extends coverage to businesses with employees in higher-risk industries, including construction, manufacturing, transportation, logistics, retail, and services.
Both plans include life insurance, accidental death, dismemberment and disablement benefits, and total and permanent disability coverage. A Family Assistance Benefit provides immediate financial support to beneficiaries following an insured employee’s death.
Employers can add Hospital Income Benefit, Accidental Medical Reimbursement, and Cancer Benefit, where applicable. These optional benefits allow companies to adjust protection rather than rely only on the core insurance package.
“Businesses today are looking for protection solutions that truly reflect the needs of their workforce and are easy to implement,” said Erwin Go, chief corporate solutions and alternative distribution officer, Manulife Philippines.
MCBL said pre-approved rates and simplified enrollment are intended to make the plans easier for employers to manage as their workforce and business grow.
Coverage is provided through the Group Yearly Renewable Term base plan and selected group riders under the Secure Pinoy suite.
Both plans are available through MCBL financial sales associates in China Bank and China Bank Savings branches. Eligibility and coverage remain subject to policy provisions and underwriting guidelines.