Manulife Philippines, the local arm of leading international financial services provider Manulife Financial Corporation, and China Banking Corp. (Chinabank), renewed their bancassurance partnership under Manulife China Bank Life Assurance Corp. (MCBL).
Under the partnership, MCBL offers a wide range of financial protection and wealth management solutions via 650 Chinabank and China Bank Savings branches nationwide.
“As we renew this strategic alliance, we look forward to growing our reach across the country through Chinabank’s distribution network, providing holistic and accessible financial and wealth solutions that enrich the lives of more customers within the bank’s growing customer base,” said Manulife Philippines president and chief executive Rahul Hora.
First established in 2007, the partnership has been renewed for another 15 years, reinforcing both organizations’ shared commitment to providing holistic life, health, and wealth solutions that support the long-term financial well-being of Filipino families.
Over the past 18 years, MCBL has introduced a suite of comprehensive life and health insurance plans, including coverage for the most common critical illnesses in the country.
