Manulife Philippines and Manulife China Bank Life Assurance Corp. (MCBL) announce the launch of Medical Secure, a standalone health insurance plan, which provides extensive medical care with coverage limits of up to PHP 5 million. This plan allows customers to prepare for medical emergencies by giving them cashless treatment option for hospitalization expenses through a countrywide network of accredited healthcare providers.
Medical Secure was developed in response to insight gathered from the 2024 Manulife Asia Care Survey, which found that rising healthcare costs are a top concern for Filipinos.
“According to our recent Manulife Asia Care Survey, 82% of respondents in the Philippines identified rising healthcare costs as their main financial concern,” said Rahul Hora, President and Chief Executive Officer, Manulife Philippines. “Additionally, the survey found that Filipinos have heightened concerns about medical inflation, with 59% of the respondents expressing worry about hospitalization expenses.”
“Medical Secure directly responds to this customer insight by providing cashless access to quality healthcare with coverage limits of up to PHP 5 million. Our goal is to help customers in the Philippines protect both their health and finances so they can focus on recovery instead of worrying about medical expenses—helping them live better every day,” added Hora.
Medical Secure offers high annual benefit limits from PHP 1 million, 2.5 million, and 5 million, with flexible plans that can complement customers’ existing HMO coverages. The plan also covers in-patient hospital confinement, emergency care and special procedures, and extends outpatient treatment for 60 days before and after hospitalization.
Medical Secure provides cashless treatment through ValuCare’s network of over 1,700 hospitals/clinics and 17,000 affiliated doctors nationwide. The product includes free annual check-ups, 24/7 telemedicine consultations, and life insurance protection equivalent to 10% of the Annual Benefit Limit in case of death. It is guaranteed renewable until age 75 with no medical examination required upon renewal, as long as renewal premiums are paid on time
“With Manulife Medical Secure’s medical coverage and the convenience of ValuCare’s nationwide network, we are pleased to offer our customers with a medical plan they can count on to fill the gaps of their existing health coverage—providing holistic financial protection and enabling them to get better with healthcare they truly deserve,” said Amy Gochuico, President and Chief Executive Officer, Manulife China Bank Life.
Medical Secure is available for individuals aged 0 to 65 and is renewable annually. Designed to accommodate a wide range of needs, it is ideal for customers seeking a convenient, cost-effective plan that helps manage medical expenses, offers cashless hospitalization and emergency benefits, and works alongside PhilHealth and any existing HMO coverage.
For more information about Manulife Medical Secure, visit www.manulife.com.ph. For China Bank and China Bank Savings customers, visit www.manulife-chinabank.com.ph.
