Manulife Insurance Berhad has officially launched Manulife MediShield in Malaysia, an innovative life and medical insurance plan designed for the Gen-Z population. The plan offers accessible coverage to 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, and protection for both financial and physical well-being is essential.
Manulife MediShield offers premiums starting from as low as RM100 per month, making it an attractive option for the Gen-Z segment. Key benefits include coverage against death, Total and Permanent Disability (TPD), and medical expenses coverage for a 30-year coverage period.
Manulife MediShield is known for its affordability and flexibility, with 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. Customers can enjoy up to 40% No Claim Discount (NCD) on insurance charges for medical benefits and be entitled to the First Dollar Benefit, covering upfront costs when the customer’s NCD is at 40%.
Manulife CEO Vibha Coburn aims to empower Gen-Z to take control of their financial future by providing affordable and comprehensive life and medical insurance coverage. The plan provides an affordable approach to supporting living expenses and loved ones financially.