Manulife Vietnam launches new premium life stage solutions for customers

Premiums for the solutions, which cover savings, education, protection and retirement needs, are payable for either 12 or 15 years. Meanwhile, customers can enjoy a longer benefit period ranging from a minimum of 20 years, up to a maximum age of 99 years, depending on the chosen solution.

“We are confident that the launch of these four life stage solutions will help us in our vision to be the most trusted life insurer in Vietnam. With a wide range of solutions, we believe that we can help our customers and their families with their biggest financial decisions,” said Paul Nguyen, CEO of Manulife Vietnam.

Specifically, the Dream Life solution is designed for customers planning to save for significant expenses such as a new car, a dream house, or a major holiday.

The solution provides coupons every three years starting in the third year, and includes a maturity benefit at the end of the chosen policy term to help support future major expenses. To provide additional upside potential, the solution also provides non-guaranteed excess-interest cash coupons.

The Best Childhood solution helps to build up cash values which can be used to cover education-related expenses.

It includes an enhanced option that enables future premiums to be waived in the event of the payer’s untimely death, or critical illness. It also provides both guaranteed cash benefits and non-guaranteed excess-interest cash coupons which may be left with Manulife Vietnam to accumulate interest and help provide additional funds for future education-related expenses.

The Peaceful Life is a master protection and financial planning solution that covers untimely death. Coverage increases by 5 per cent every year up to a maximum limit, but does not require payment of additional premiums or further health requirements.

The solution also covers accidents and various early-stage, late-stage and gender-specific critical illnesses.

Enhanced options cover hospitalisation and disability risks. The customer can also enjoy regular cash benefits every five years starting on the fifth year, which may be drawn upon for emergency purposes.

The Golden Age solution is designed to help customers prepare for their ‘golden years’ through a stream of guaranteed regular cash benefits every three years starting on the third year, as well as recurring non-guaranteed excess-interest cash coupons, which can be left with the company to accumulate interest.

Guaranteed cash values build up until the customer reaches 65 years of age, at which time the maturity benefit is paid.

Prior to maturity, the customer is also covered for death by natural causes as well as accidents. The customer can also add enhanced options to protect against critical illnesses, hospitalisation, and total and permanent disability.