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Demand for insurance products in the Philippines has risen sharply amid the pandemic.

Uncertainty and radical changes caused by the COVID-19 pandemic led to increased interest in insurance and investment products, the Manulife Asia Care Survey found.
Demand for insurance products in the Philippines has risen sharply amid the pandemic.

Almost all Filipinos (61%) that had taken part in the Manulife Asia Care Survey intended to buy, had already bought or increased their life insurance benefits. “The pandemic made Filipinos realize that they should prioritize the health and financial security of themselves and their families through life insurance,” said Melissa Henson, Marketing Director of Manulife Philippines.

Financial consultant Marvin Germo has talked about the importance of diversifying your own investment portfolio and how products can provide security in difficult times. “When investing, it is important to distribute your assets by channels that will work their heart out allowing you to enjoy life. Therefore, endowment life insurance policies are becoming more and more popular,” concluded Marvin Germo.

Source: https://manilastandard.net/mobile/article/350351

Photos are from open sources.

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