Manulife Singapore has launched Signature Indexed Universal Life Select (III), "SIULS (III)", a first-in-market Indexed Universal Life (IUL) solution that offers access to expanded growth potential, extensive global diversification and robust protection.
ABL Life Insurance has reported an annual return on asset management of 4.3% last year. Despite the increased volatility in the financial market, it recorded annual returns of 3% to 4% from 2017 to last year, exceeding the industry average every year. ABL Life said, "It is an achievement made by an in-depth understanding of the market environment, establishing a balanced management strategy, and rapid investment judgment."
Hong Kong Life has launched the second wave of its health service initiative, the "Mannings PharmaCare" offer.
Manulife Hong Kong has launched two critical illness insurance plans aimed at addressing income-loss concerns during long-term treatment for serious health conditions.
Tongyang Life Insurance has launched a new whole life insurance product that is designed to ease premium burdens while strengthening retirement protection by offering partial cash surrender benefits during the premium payment period.
Manulife Singapore and Manulife Investments has announced a significant enhancement to Manulife iFUNDS, making it the first integrated digital wealth platform in Singapore to provide Manulife financial consultants with a consolidated view of their customers' Unit Trust (UT) and Investment-Linked Plan (ILP) holdings.
China's National Financial Regulatory Administration (NFRA) has issued a policy directive aimed at transforming the personal sales structure of the life insurance industry. The new framework, detailed in a notice released just recently, seeks to realign commission incentives, raise professional standards, and strengthen long-term service capabilities among life insurance agents. The move also supports the development of industry-wide product classification and agent tiering standards, to be led by the Insurance Association of China.
Manulife Hong Kong and JUST FEEL, a Hong Kong-based NGO dedicated to emotional education, has announced a multi-year strategic charity partnership.
Prudential Assurance has announced plans to recruit and train more than 5,000 sales agents across Kenya over the next five years. This plan will increase its agency channel from 1,000 at present to over 5,000.
Pru Life UK is looking at banks and non-traditional players to partner with in a bid to boost its distribution network and include more Filipinos into the social protection system.