KUALA LUMPUR: Manulife Holdings Bhd has introduced a plan aimed at delivering lifelong security and financial assistance
Manulife Future Shield tackles issues related to an ageing population and the financial strain experienced by the sandwich generation, the company said.
Key benefits of the plan include lifelong coverage, a withdrawal benefit and easy enrollment with no hassle.
"The plan represents a significant milestone for Manulife as it continues to innovate and create solutions that meet the diverse needs of its customers," it said.
Manulife chief executive officer Vibha Coburn said the plan addresses the evolving needs of individuals and families at every stage of life.
"It is an innovative product that addresses our customer's health protection during their retirement years.
"The product will also be an additional solution that complements their existing plans," she added.
Its chief product officer Ricky Lim said the solution provides an accessible avenue for funds in times of need, serving as an alternative to policy loans or surrendering policies.