Manulife, MCBL launch investment-linked savings plan for critical illness

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June 7, 2026 | 12:00am

MANILA, Philippines — Manulife Philippines and Manulife China Bank Life (MCBL) launched a new investment-linked savings plan that doubles as critical illness and life insurance coverage, aimed at helping Filipinos stay financially prepared when health setbacks occur.

Manulife GoalReady for Health provides coverage up to age 75 and protection across life stages, including child, early-stage and advanced-stage critical illness, the insurer said in a statement.

It covers 112 conditions from early to advanced stages, including cancers, heart disease and stroke.

The launch comes as health care costs continue to climb while households remain exposed and Filipinos remain financially underprepared for these possibilities.

Manulife, citing a study on cancer’s economic impact, said Filipino patients spend an average of P181,789 out-of-pocket in the first year of diagnosis.

Latest Philippine Statistics Authority data showed Filipino households’ out-of-pocket expenses for medical care stood at 42.7 percent, while a Manulife survey found that 33 percent of Filipinos feel that they have insufficient insurance coverage.

“Many Filipinos work hard to build toward their goals, but a serious illness can quickly turn years of progress into an unexpected financial burden,” said Manulife Philippines president and CEO Rahul Hora.

“Manulife GoalReady for Health brings together critical illness protection and investment-linked savings for future health needs, helping customers stay financially prepared while protecting what they’ve worked hard to build,” Hora said.