Manulife introduces health insurance

MANILA, Philippines - Manulife Philippines is offering a health care solution that will help Filipinos get the best medical care possible, without becoming a financial drain on the family’s savings.

Manulife Health Choice provides cash allowances for hospital confinements and a contingency fund in case of critical health conditions.

Studies from the Department of Health have shown that heart and vascular diseases are the major causes of death in the Philippines. As a result of an unhealthy diet and lifestyle, even young people contract, or even worse, succumb to critical illnesses.

Research shows that the majority of Filipinos do not have medical insurance that could help cover rising medical costs.

According to official data, a coronary artery bypass grafting or CABG will cost P400,000 to P1 million; kidney transplant, P500,000 to P1 million; and liver transplant, P3 million to P4 million.

The good news is that Filipinos are now starting to realize the importance of having medical insurance coverage.

According to the latest results of the Manulife Investor Sentiment Index (MISI), a survey that covers the Philippines and seven other Asian markets, 36 percent of Filipino investors surveyed think that health and medical expenses will be their biggest expense during retirement.

Manulife Health Choice provides coverage for 60 critical illnesses, hospitalization, life protection, and a return of premium benefit for as low as P 72 a day.