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Manulife China Bank offers affordable life insurance plan for as low as

Php1 a day*

Get the best-value term insurance protection with MCBL’s Secure Pinoy

April 11, 2022

Manila, Philippines ― Manulife China Bank Life Assurance Corporation (MCBL), the bancassurance partnership between Manulife and China Bank, now offers Secure Pinoy, an affordable term insurance plan that offers life protection, or accident and medical reimbursement, for as low as Php1 a day* or Php 500 a year.

Exclusive to CBS China Bank Savings customers, Secure Pinoy is available in four annual premium plans: Php500, Php1,000, Php2,500, or Php 5,000. For the Php500 entry-level plan, customers can get Php 35,000 worth of life insurance coverage for one year, or Php200,000 coverage for death due to an accident plus Php 10,000 coverage for accidental medical reimbursement. Secure Pinoy policyholders can also extend their coverage to their family members so they can strengthen their loved ones’ financial protection.

“According to Manulife’s third Asia Care Study, 91% of Filipinos surveyed recognize the importance of insurance, and 86% intend to buy life insurance in the next 12 months. MCBL’s Secure Pinoy is an affordable and accessible insurance that can help provide financial peace of mind by protecting your loved ones from unforeseen circumstances, such as death, accidents, or medical emergencies,” said Sandeep Deobhakta, President and Chief Executive Officer of MCBL. “By making life and health coverage more widely available to Filipinos, we can help them ensure stronger financial protection, focus on their life journeys, and make their every day better.”

CBS President James Christian Dee also added: “We at CBS want our clients to gain greater access to opportunities for life protection, which they can also extend to their families, so they are financially secure when it matters most. We are pleased to provide these affordable plans to our clients through MCBL’s Secure Pinoy.”

To learn more about MCBL’s Secure Pinoy, visit

*Subject to a minimum premium for one-year coverage. Terms and conditions apply. Secure Pinoy is currently available to select CBS branches nationwide.



About Manulife Philippines

The Manufacturers Life Insurance Company opened its doors for business in the Philippines in 1907. Since then, Manulife’s Philippine Branch and later The Manufacturers Life Insurance Co. (Phils.), Inc. (Manulife Philippines) has grown to become one of the leading life insurance companies in the country. Manulife Philippines is a wholly-owned domestic subsidiary of Manulife Financial Corporation, among the world’s largest life insurance companies by market capitalization. Learn more about Manulife Philippines by visiting their website and following them on Facebook (, Twitter (@ManulifePH), and Instagram (@manulifeph).

About Manulife China Bank Life Assurance Corporation

Manulife China Bank Life Assurance Corporation is a strategic alliance between Manulife Philippines and China Banking Corporation (China Bank). It provides a wide range of innovative insurance products and services to customers of China Bank as well as the bank’s thrift arm, China Bank Savings (CBS). MCBL aims to ensure that every client receives holistic life, health, and wealth solutions to address his or her

individual needs.

Since opening in October 2007, the company has grown into a business of significance for both Manulife and China Bank. The two strengthened their partnership further in 2014 when China Bank raised its equity stake in MCBL to 40%. MCBL is setting its sights on its next growth phase and reaffirming its mission to be the biggest, most professional bancassurance company in the industry that delivers extraordinary customer experience.

About Manulife

Manulife Financial Corporation is a leading international financial services provider that helps people make their decisions easier and lives better. With our global headquarters in Toronto, Canada, we provide financial advice and insurance, operating as Manulife across Canada, Asia, and Europe, and primarily as John Hancock in the United States. Through Manulife Investment Management, the global brand for our global wealth and asset management segment, we serve individuals, institutions and retirement plan members worldwide. Our principal operations are in Asia and Canada, and the United States, where we have served customers for more than 155 years. We trade as 'MFC' on the Toronto, New York, and the Philippine stock exchanges and under '945' in Hong Kong. In the previous 12 months we made CAD$31.8 billion in payments to our customers.

About China Bank

China Banking Corporation (China Bank), founded in 1920, is one of the leading universal banks in the Philippines, and is the country’s first privately-owned local commercial bank. It was listed on the Philippine Stock Exchange in 1927 (PSE stock symbol: CHIB), became the first bank in Southeast Asia to process deposit accounts on-line in 1969, the first Philippine bank to offer phone banking in 1988, and acquired its universal banking license in 1991.

It provides a full range of banking products and services to corporate, commercial, and retail customers through 637 branches to date, including 160 branches of its retail bank arm China Bank Savings (CBS), complemented by 1,034 ATMs nationwide (162 ATMs for CBS), as well as internet and mobile banking alternative channels and services. It also offers a wide array of allied financial services through its subsidiaries China Bank Capital Corp., China Bank Securities Corp., China Bank Insurance Brokers Inc., and affiliate Manulife China Bank Life Assurance Corp.

With a century of enduring relationships, marked by quality service to its generations of clients and significant contribution to the country’s economy, China Bank remains committed to ethical and responsible banking, and as one of the largest and strongest, most respected and trusted financial institutions in the country. Visit for more information.

Media Contacts:

John Robert Sion 
Manulife Philippines 

Dessa Virtusio
Virtusio PR International, Inc.