Manulife launches two insurance plans to help families in Myanmar protect and secure their future

•  Manulife Protector safeguards the financial future of Myanmar families
• Manulife Education Life provides financial support for a child’s education
• Bundled COVID-19 benefits provide extra peace of mind

YANGON – Manulife Myanmar has launched two life insurance products designed to help families make better financial decisions and improve their financial security. Families in Myanmar can now choose Manulife Protector to safeguard their financial future and Manulife Education Life to save for a child’s education. Both plans also offer special COVID-19 benefits for extra peace of mind.

Robert Elliott, Chief Executive Officer of Manulife Myanmar, said: “This challenging year has made people more conscious of the need to protect their family’s future. As a company that is committed to serving the insurance and financial needs of the people of Myanmar, Manulife has created two products to help families better secure their future and make their lives every day better. We are also offering special COVID-19 protection to help ease the emotional and financial worries of families at this time.”

Manulife Protector is a comprehensive life insurance plan that is designed to protect the insured’s family in the unexpected and unfortunate event if the insured can no longer do so while providing long-term savings if the protection is not needed. Customers can start a life insurance plan for MMK 5,000,000 with flexible payment terms. The oldest age the life insured can be is 55 years old for the 10-year plan and 45 years old for the 20-year plan.

Manulife Education Life allows parents to save for their child’s future education, with insurance to take care of the child’s education needs in the unexpected and unfortunate event if they are not able to do so. It can start with a face amount of MMK 5,000,000 and offers flexible premium payment terms, as well as the option to select Double Benefit for extra life insurance protection.

Customers that purchase either plan from now until 31 December 2020 are automatically entitled to special COVID-19 benefits that cover themselves and immediate family members. These provide a potential maximum one-time MMK 600,000 total payout if the life insured and/or their immediate family members (maximum 4 payments per family) are diagnosed with COVID-19; a further MMK 600,000 to cover intensive care costs, if the life insured is hospitalized in an ICU ward; and an extra death benefit of MMK 6,000,000, if the life insured unfortunately passes away due to COVID-19.

Manulife Protector and Manulife Education Life are now available. Customers can purchase the plans from Manulife agents. For more information, call the Manulife Myanmar’s customer care team at 09 765 467 100, email Customer_Service_MM@manulife.com, 

About Manulife Myanmar

Manulife Myanmar is a wholly foreign-owned life insurance operation in Myanmar under Manulife Financial Corporation. Manulife is focused on developing Myanmar’s life insurance industry and providing financial protection to the people of Myanmar, helping Myanmar families build a healthier and more secure financial future. 

About Manulife

Manulife Financial Corporation is a leading international financial services group that helps people make their decisions easier and lives better. With our global headquarters in Toronto, Canada, we operate as Manulife across our offices in Canada, Asia, and Europe, and primarily as John Hancock in the United States. We provide financial advice, insurance, and wealth and asset management solutions for individuals, groups, and institutions. At the end of 2019, we had more than 35,000 employees, over 98,000 agents, and thousands of distribution partners, serving almost 30 million customers. As of June 30, 2020, we had C$1.2 trillion (US$0.9 trillion) in assets under management and administration, and in the previous 12 months, we made C$30.6 billion in payments to our customers. Our principal operations are in Asia, Canada, and the United States where we have served customers for more than 155 years. We trade as 'MFC' on the Toronto, New York, and the Philippine stock exchanges and under '945' in Hong Kong.