Manulife Philippines and China Banking Corp. (Chinabank) have extended their long-term partnership through Manulife China Bank Life Assurance Corp. (MCBL) for another 15 years, continuing their joint effort to offer financial protection and investment solutions to Filipinos.
MCBL, the bancassurance arm of the two organizations, provides a range of insurance and wealth management services through 650 Chinabank and China Bank Savings branches across the country. Since the partnership began in 2007, it has aimed to support Filipinos in achieving long-term financial stability through life and health insurance, savings, and retirement planning.
“As we renew this strategic alliance, we look forward to growing our reach across the country through Chinabank’s distribution network, providing holistic and accessible financial and wealth solutions that enrich the lives of more customers within the bank’s growing customer base,” said Rahul Hora, president and CEO, Manulife Philippines.
Financial goals
Over the past 18 years, MCBL has introduced products that include insurance coverage for common critical illnesses and plans designed to help customers prepare for future financial needs, such as their children’s education or their own retirement.
“At Chinabank, we are focused on helping our customers achieve their financial goals, and our partnership with Manulife through MCBL delivers on this commitment,” said Romeo Uyan Jr., president and CEO, Chinabank. “We are excited to elevate this collaboration so we can provide our customers greater security with products and services that exceed their expectations.”
MCBL also offers investment options tailored to help Filipinos grow their wealth and preserve their legacy, with fund selections aligned to their individual goals and financial plans.
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