Monday, June 17, 2024

Manulife inks deal with online platform Kwik.insure

Insurance firm Manulife has partnered with online insurance marketplace Kwik.insure to make insurance accessible to more Filipinos through its HealthFlex, FutureBoost and Horizons plans.

Neil Bowyer, chief partnership distribution officer at Manulife Philippines, and Hamilton Angluben, CEO of Kwik.insure, shake hands to seal Manulife and Kwik.insure’s partnership pact

In a recent Manulife study, “The Modern Filipino Family: Exploring family dynamics and digitalization in the new normal,” 41% of Filipino Gen Zs surveyed intend to buy life insurance online in the next 12 months.

In addition, 33% of Filipino millennials and 25% of Gen Xs actually bought insurance in the last 12 months, among those surveyed. Manulife aims to address Filipinos’ increased appetite for digitally enabled insurance and investments by making protection more accessible online.

“As the first global life insurance brand on Kwik.insure, and the only insurer to offer variable-linked insurance products that rewards you with bonuses like FutureBoost on the platform to secure every stage of your life, we are focused on making our products more digitally accessible to meet their evolving priorities and expectations,” Neil Bowyer, chief partnership distribution officer, Manulife Philippines, said.

“This is just one more way we’re delivering on our mission to make decisions easier and lives better through digital, customer-centric experiences for Filipinos across the country.

Hamilton Angluben, CEO of Kwik.insure, added: “By working with Manulife, one of the leading and most trusted insurance brands in the country, we look forward to leveraging our most valuable technologies so Filipinos can get access to best-in-class and relevant insurance solutions that can help them better prepare for the future. This, in turn, can help us achieve our goal of bridging the insurance gap in the country, and make getting insured easy and reliable for all Filipinos.”

Manulife’s products that will be available on Kwik.insure offer customers access to customizable insurance plans that give them life and health protection coverage based on their needs, priorities, and budget, and enjoy various add-on benefits like investments.

Manulife FutureBoost, a life insurance plan with no premium charges, gives Filipinos potential income from bonuses ranging from 0.5% to 5%, plus access to expertly managed global and local investment funds.

Manulife HealthFlex, a health insurance plan that allows customers to pay only for the health coverage they need, has four base plans covering up to 112 critical illnesses at any age until 100.

Manulife Horizons, one of insurer’s most affordable investment-linked insurance plans, provides comprehensive coverage for their families, and offers investment opportunities that allow them to grow their funds. FutureBoost, HealthFlex, and Horizons are now available on Kwik.insure’s online marketplace.

Interested customers may inquire via Kwik.insure live chat or set an appointment with a Kwik.insure financial advisor. Enrolled customers may sign up and transact via Manulife Online so they can manage their policies digitally. Premium payments can also be completed via credit card or e-wallets.

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