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Manulife China Bank Life Assurance Introduces MCBL Invest
December 28, 2015
Makati City, Philippines - Manulife China Bank Life Assurance Corporation (MCBL), a joint venture between China Bank and Manulife Philippines, recently launched MCBL Invest, a variant of an existing investment-linked insurance product, created for clients who are looking for long-term investments with high-earning potential. MCBL Invest builds up the funds early, with a low entry fee, thus ensuring that full investment is achieved as early as the second year.
“MCBL Invest allows our clients the flexibility to make partial withdrawals to fund major expenses or add to their investment as the need arises,” said Robert Wyld, Manulife China Bank Life Assurance Corporation President and CEO. “It will allow them to fund their dreams, whether it’s to build their home, estate planning, or any other large future expense.”
MCBL Invest was designed for the gradual build-up of wealth through periodic premium payments. Clients can choose to either save a smaller amount spread over a longer period of time, or bigger amounts within a period they are more comfortable with. It also offers added protection benefits that cover policy owners in case of accidental death or total and permanent disability.
For more information about MCBL Invest, speak to any Financial Sales Associate assigned to any China Bank Branch or call Manulife Customer Care at (02) 884-7000, Monday to Friday, 8:00 AM – 5:00 PM or send an email to phcustomercare@manulife.com.
About Manulife China Bank Life Assurance Corporation
Manulife China Bank Life Assurance Corporation is a strategic alliance between Manulife Philippines and China Bank, providing a wide range of innovative insurance products and services to China Bank customers. The aim is to ensure that every client receives the best possible solution to meet his or her individual financial and insurance needs. In 2014, China Bank raised its equity stake to 40% in Manulife China Bank Life, its bancassurance joint venture with Manulife Philippines.
About Manulife Philippines
The Manufacturers Life Insurance Company opened its doors for business in the Philippines in 1907. Since then, Manulife’s Philippine Branch and later The Manufacturers Life Insurance Co. (Phils.), Inc. (Manulife Philippines) has grown to become one of the leading life insurance companies in the country. Manulife Philippines is a wholly-owned domestic subsidiary of Manulife Financial Corporation, among the world’s largest life insurance companies by market capitalization.
About Manulife
Manulife Financial Corporation is a leading international financial services group providing forward-thinking solutions to help people with their big financial decisions. We operate as John Hancock in the United States, and Manulife elsewhere. We provide financial advice, insurance and wealth and asset management solutions for individuals, groups and institutions. At the end of 2014, we had 28,000 employees, 58,000 agents, and thousands of distribution partners, serving 20 million customers. At the end of September 2015, we had $888 billion (US$663 billion) in assets under management and administration, and in the previous 12 months we made more than $23 billion in benefits, interest and other payments to our customers. Our principal operations are in Asia, Canada and the United States where we have served customers for more than 100 years. With our global headquarters in Toronto, Canada, we trade as ‘MFC’ on the Toronto, New York, and the Philippine stock exchanges and under ‘945’ in Hong Kong. Follow Manulife on Twitter @ManulifeNews or visit www.manulife.com or www.johnhancock.com.
About China Bank
China Bank was established in 1920, was listed on the Philippine Stock Exchange in 1927, became the first bank in Southeast Asia to process deposit accounts on-line in 1969, the first Philippine bank to offer phone banking in 1988, and acquired its universal banking license in 1991. China Bank serves the banking needs of corporate, commercial, and retail markets and provides a wide range of banking services through its more than 300 branches and business centers, and over 500 ATMs nationwide, complemented by its internet and mobile banking alternative channels. With nine decades of enduring partnerships marked by quality service to its clients, China Bank remains to be one of the largest, most respected, trusted, and stable financial institutions in the country.
Manulife China Bank Life (MCBL) is regulated by the Philippine Insurance Commission and is authorized to provide financial products or services in the Philippines.
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