Manulife China Bank offers affordable life insurance for as low as ₱1 per day

(Press Release)

Manulife China Bank Life Assurance Corporation (MCBL), the bancassurance partnership between Manulife and China Bank, now offers Secure Pinoy, an affordable term insurance plan that offers life protection, or accident and medical reimbursement, for as low as ₱1 a day* or ₱500 a year.

Exclusive to CBS China Bank Savings customers, Secure Pinoy is available in four annual premium plans: ₱500, ₱1,000, ₱2,500, and ₱5,000. For the ₱500 entry-level plan, customers can get ₱35,000 worth of life insurance coverage for one year, or ₱200,000 coverage for death due to an accident plus ₱10,000 coverage for accidental medical reimbursement. Secure Pinoy policyholders can also extend their coverage to their family members so they can strengthen their loved ones’ financial protection.

“According to Manulife’s third Asia Care Study, 91% of Filipinos surveyed recognize the importance of insurance, and 86% intend to buy life insurance in the next 12 months. MCBL’s Secure Pinoy is affordable and accessible insurance that can help provide financial peace of mind by protecting your loved ones from unforeseen circumstances, such as death, accidents, or medical emergencies,” said Sandeep Deobhakta, President and Chief Executive Officer of MCBL. “By making life and health coverage more widely available to Filipinos, we can help them ensure stronger financial protection, focus on their life journeys, and make their every day better.”

CBS President James Christian Dee also added: “We at CBS want our clients to gain greater access to opportunities for life protection, which they can also extend to their families, so they are financially secure when it matters most. We are pleased to provide these affordable plans to our clients through MCBL’s Secure Pinoy.”


To learn more about MCBL’s Secure Pinoy, visit

*Subject to a minimum premium for one-year coverage. Terms and conditions apply. Secure Pinoy is currently available in select CBS branches nationwide.