“Manulife - My Beloved Family” given additional optional benefits

With these enhancements, “Manulife - My Beloved Family” now has a total of 11 available optional benefits to choose from. The additional benefits include the term benefit, which pays a benefit upon the death of the policyholder or the dependent(s) and premium support benefits, which reduce the financial burden to the customers’ family if the insured suffers from certain unfortunate events.

There are four distinct categories of premium support benefit, namely premium support due to critical illness of the insured person, premium support due to total and permanent disability of the insured person, premium support due to critical illness or death of the payor and premium support due to total and permanent disability or death of the payor.

“Manulife – My Beloved Family" is a 3-in-1 financial solution that offers families a combination of comprehensive protection, product flexibility and attractive long-term savings.

Designed to address a wide spectrum of needs for Vietnamese families, the product provides customers with comprehensive insurance protection against death, accidents, disability, major diseases and hospitalisation through a broad range of optional benefits at a reasonable cost. The product also gives clients the flexibility to actively choose and adjust face amounts or change the protection and savings elements according to their preference. Moreover, the product also serves as a long-term savings vehicle for clients by crediting interest on the account value.

“Manulife – My Beloved Family” was launched in January 2015 and has become one of the key products of Manulife Vietnam. Four months after its launch, “Manulife - My Beloved Family” was recognised as “Trusted Product 2015” by the Vietnamese magazine Intellectual Property and Creativity Magazine.

“Our customers’ positive feedback for “Manulife – My Beloved Family” has been very encouraging,” said Paul Nguyen, CEO of Manulife Vietnam. “We enhanced the product with additional options to serve a wider range of customer needs. I am confident that it will become an even more popular choice for Vietnamese families’ total financial solution.”

Manulife Vietnam offers a wide range of innovative insurance products, including traditional life, health, education, investment and pension solutions. Headquartered at Manulife Plaza, District 7, Ho Chi Minh City, Manulife Vietnam had a nationwide network of 45 offices across 32 major cities and provinces as of December 2015.

In June 1999, Manulife Vietnam became the first foreign-owned life insurance company licensed in the country. In June 2005, Manulife Asset Management (Vietnam) Company Limited, a wholly owned local subsidiary of Manulife Vietnam, was granted license to operate fund management and portfolio management services, further expanding Manulife Vietnam’s product offering for its customers.