Manulife has announced the launch of Manulife Future Shield, a groundbreaking health protection plan designed to provide lifelong security and financial support for individuals while ensuring a legacy for their families.
This innovative whole-life plan addresses the challenges of an ageing population and financial pressures faced by the sandwich generation, offering key benefits such as lifelong protection, a withdrawal benefit, guaranteed policy issuance, and no medical check-up requirement.
Manulife Future Shield is set to modernise how retirement years are viewed, set new standards for protection, and build financial resilience.
The ageing population is a growing concern in Malaysia, as people are living longer and facing the challenge of sustaining the rising cost of living over time.
Millennials (aged 28-43), who now form much of the workforce, are part of the “sandwich generation,” balancing financial responsibilities for both their parents and their young ones.
The rising cost of living and inflation are expected to continue evolving alongside this ageing generation in the next 20 to 30 years.
Relying solely on the Employee Provident Fund (EPF) has proven ineffective, as most Malaysians deplete their EPF life savings within the first five years.
“We are thrilled to launch Manulife Future Shield, a game-changing protection plan that addresses the evolving needs of individuals and families at every stage of life,” said Ms Vibha Coburn, Chief Executive Officer at Manulife Malaysia.
The key benefits of Manulife Future Shield include:
- Whole Life Protection: Manulife Future Shield offers lifelong protection until the age of 99, ensuring that policyholders have the security and peace of mind they need throughout their entire lives.
- Withdrawal Benefit: The plan provides a withdrawal benefit that serves as a financial support during the prime and golden years of policyholders, where rising expenses such as healthcare, and nursing care come into play, enabling them to enjoy their retirement without financial worries.
- Hassle Free Enrollment: With Manulife Future Shield, individuals can secure their future with guaranteed policy issuance, providing them with the confidence and assurance that their protection plan is in place. Unlike many traditional insurance plans, Manulife Future Shield does not require a medical check-up, making it easier and more accessible for individuals to obtain the protection they need.