Manulife Insurance Berhad (Manulife Malaysia), a leading health insurance provider, has just launched a latest addition to their health solutions – Manulife MediShield. Manulife MediShield is an innovative life and medical insurance plan designed specifically for the Gen-Z population as the product aims to provide accessible coverage to the mass market’s young adults through a simple enrolment process and affordable premiums, ensuring financial security from an early stage of life.
The Gen-Z segment is the current generation embarking on their journey into the workforce. Protection for both financial and physical well-being is both essential and vital. Manulife MediShield is tailored to suit the needs of this segment, budget-friendly and benefits as a foundation that would help them build a better future.
Manulife MediShield offers premiums starting from as low as RM100 per month, making it an attractive option for the Gen-Z segment. The key benefits of the plan include coverage against death, Total and Permanent Disability (TPD), and medical expenses coverage such as pre- and post-hospitalization charges, intensive care services, surgical expenses and out-patient benefits for a coverage period of 30 years.
One of the standout features of Manulife MediShield is its affordability and flexibility. The plan boasts no lifetime limit on medical coverage and an auto-increase of 10% annual limit each year, up to a maximum of 50%, regardless of claims history.
Additionally, customers can enjoy up to 40% No Claim Discount (NCD) on insurance charges for medical benefits and be entitled for the First Dollar Benefit, where the plan covers upfront costs when the customer’s NCD is at 40%.
“As a trusted insurance provider, Manulife is committed to meeting the evolving needs of our customers at every stage of life. With the launch of Manulife MediShield, we aim to empower Gen-Z to take control of their financial future by providing them with affordable and comprehensive life and medical insurance coverage,” said Vibha Coburn, CEO of Manulife Insurance Berhad.
“The common reason of not having enough money or the impression that being single and non-dependent to anyone is something that is frequently heard by young adults. As life changes, Manulife MediShield can be an affordable approach to supporting your living expenses and loved ones financially,” Vibha continued.
Manulife MediShield is launched in the market to give the opportunity to the Gen-Z segment to have a platform to start saving and thinking about a brighter future.
For more information about Manulife MediShield and to enrol today, visit Manulife MediShield | Medical Protection | Manulife Malaysia