02 August 2017
Manulife Ready CompleteCare: Arm yourself with a critical illness plan that covers you again and again
SINGAPORE, 2 Aug 2017 – Manulife Singapore has launched Ready CompleteCare, a critical illness plan that offers the most comprehensive coverage across early, intermediate and advanced stages for 106 conditions.
Cover all Early, Intermediate and Advanced Stages of Critical IllnessEarly detection of critical illnesses may enhance the chance of a full recovery, and the plan is designed to provide financial support through all three stages of critical illness – early, intermediate and advanced – so customers can focus on treatment and recovery.To further lighten the financial burden, Ready CompleteCare also offers extra coverage of 20% of your coverage amount (capped at S$25,000) for up to six claims on diagnosis across 18 special conditions, which can be particularly expensive to treat.
"Cover Me Again" benefitMost customers’ policies and savings can weather the cost of a single critical illness. However, the reality is that many critical illnesses have a high chance of occurring and recurring during a person’s lifetime. For continued protection against recurring illnesses, Manulife introduces Cover Me Again, a ‘restart’ feature that restores your coverage in 12 months following a claim, allowing you to claim up to 500% of your coverage amount. Other critical plans cease its cover after you’ve claimed for your condition, but Manulife Ready CompleteCare covers you again and again.
Cover Me Again also provides additional payouts in two forms:
- Additional Major Critical Illness Benefit which pays 200% for six covered advanced stage critical illnesses;
- Recurring Cancer Benefit which pays 100% for subsequent advanced stage major cancer.
Carlos Vazquez, Chief Product Officer, Manulife Singapore said: "At Manulife, we want to care for our customers right from the beginning and partner them in every aspect and stage of their lives. Manulife Ready CompleteCare therefore keeps our customers covered through the early, intermediate and advanced stages of critical illnesses. We understand that after a critical illness diagnosis, it is very difficult for our customers to qualify for insurance. Manulife ReadyProtect is designed to stay in-force and continue to protect even after a critical illness diagnosis, so as to keep providing coverage in the unfortunate event of a future diagnosis."
Table 1: 18 Special Conditions
Note: For angioplasty and other invasive treatment for coronary artery, the total amount that we will pay under all policies which we are liable for on the same life shall not exceed S$25,000.
About Manulife Singapore
Established in 1980, Manulife Singapore provides insurance, retirement and wealth management solutions to meet the financial needs of our customers across their various life stages. Customers can readily access our solutions through our extensive multi-channel distribution network. In addition to our established agency force, we distribute our products through a number of specialist partners, including banks and financial advisory firms. For more information on Manulife Singapore, visit manulife.com.sg.
Manulife Financial Corporation is a leading international financial services group that helps people achieve their dreams and aspirations by putting customers' needs first and providing the right advice and solutions. We operate as John Hancock in the United States and Manulife elsewhere. We provide financial advice, insurance, as well as wealth and asset management solutions for individuals, groups and institutions. At the end of 2016, we had approximately 35,000 employees, 70,000 agents, and thousands of distribution partners, serving more than 22 million customers. As of March 31, 2017, we had $1 trillion (US$754 billion) in assets under management and administration, and in the previous 12 months we made almost $26.3 billion in payments to our customers. Our principal operations are in Asia, Canada and the United States where we have served customers for more than 100 years. With our global headquarters in Toronto, Canada, we trade as 'MFC' on the Toronto, New York, and the Philippine stock exchanges and under '945' in Hong Kong.
Rachel Lok / Brenda Yeo