Manulife Philippines, the local arm of leading international financial services provider Manulife, and iCare HMO, one of the country’s top health maintenance organizations, have entered into a strategic partnership to help companies offer employees more integrated health and financial protection.
Through this partnership, Manulife’s group life insurance benefit will be available to select iCare HMO group customers. The annually renewable coverage sits alongside employees’ existing healthcare benefits, giving corporate clients another option for building a more holistic employee benefits package that addresses both medical needs and financial protection.
The partnership builds on insights from Manulife’s Asia Care Survey, which found that consumers across the region are placing greater emphasis on holistic well-being. In the Philippines, people are increasingly proactive about their health, prioritizing preventive care and healthier lifestyles.
The survey also revealed that 88% of respondents view independence and financial freedom as the legacy they want to leave their loved ones, highlighting demand for solutions that support both healthier and more financially secure futures.
“Filipinos are increasingly looking for practical ways to protect their health while strengthening their financial resilience,” said Rahul Hora, President and Chief Executive Officer, Manulife Philippines. “Through this partnership, we can complement iCare HMO’s healthcare solutions with life insurance protection for group clients, while exploring new ways to make relevant solutions more accessible. This supports our commitment to help more Filipinos live better for longer.”
“Employers and individuals benefit when healthcare and financial protection work together,” said Geronimo V. Francisco, President and Chief Executive Officer, iCare. “Our partnership with Manulife allows us to expand the range of protection options available to our group clients and explore convenient new channels for broader protection. We look forward to developing solutions that respond to the evolving needs of Filipino employees and families.”
Manulife and iCare HMO are co-developing integrated employee benefits solutions that bring their products into complementary offerings, including embedding group life insurance into iCare HMO’s prepaid cards starting November 2026. A two-way distribution framework will also enable each organization to reach customers through the other’s authorized channels and corporate relationships, while longer-term plans will explore coordinated group life, group medical, and broader employee benefits propositions for businesses in the Philippines.
As customers’ needs evolve, Manulife Philippines and iCare remain committed to building solutions that help more Filipinos take charge of their health and live more financially secure lives.
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