Manulife Philippines and Manulife China Bank Life Assurance Corp. (MCBL) have introduced Medical Secure, a standalone health insurance plan offering comprehensive protection with annual coverage limits of up to P5 million.
Developed in response to insights from the 2024 Manulife Asia Care Survey, the plan addresses rising healthcare costs, a top concern for 82 percent of surveyed Filipinos.
“Medical Secure provides cashless access to quality care through a nationwide network of accredited providers. Our goal is to help customers safeguard their health and finances, allowing them to focus on recovery, not the cost of treatment,” said Manulife Philippine CEO Rahul Hora.
The plan offers three benefit options, P1 million, P2.5 million, and P5 million, and complements existing HMO and PhilHealth coverage. It includes inpatient hospitalization, emergency care, special procedures, and outpatient treatment 60 days before and after confinement.
Cashless treatment is available through ValuCare’s network of over 1,700 hospitals and clinics and 17,000 doctors nationwide. Additional benefits include free annual check-ups, 24/7 telemedicine access, and life insurance equal to 10 percent of the annual benefit limit.
The plan is guaranteed renewable until age 75, with no medical exam required upon renewal as long as 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 Manulife China Bank Life president and CEO Amy Gochuico.
