bs-preloader__icon
ru kz en

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.

Share
read also
Deposits of individuals in Kazakhstani banks have grown by only 1.6% over the month
Deposits of individuals in Kazakhstani banks have grown by only 1.6% over the month

According to the monthly report by the National Bank the residents’ deposits in ins...

The global economic recovery by the end of 2021 is thrown into question
The global economic recovery by the end of 2021 is thrown into question

A full recovery of the global economy after a heavy decline amid the coronavirus outb...

One-click insurance: a dream or reality?
One-click insurance: a dream or reality?

In the era of global digitalization, an increasing number of services are becoming av...

The most interesting materials of the site you have in the mail! Subscribe to the newsletter.

ASK A QUESTION TO THE EXPERT
ASK A QUESTION TO THE EXPERT
Submit your application