- Under the newly signed partnership, Manulife will provide a group life insurance plan with accidental insurance benefits and optional supplementary second-layer medical cover for major critical illnesses to select iCare’s HMO customers, complementing their existing HMO coverage with additional financial protection.
- The collaboration brings together iCare’s healthcare expertise and nationwide reach with Manulife’s protection and wealth solutions to help Filipinos better prepare forboth medical and financial needs.
Manulife Philippines, the local arm of leading international financial services provider Manulife, and iCare HMO, one of the country’s top health maintenance organizations, have entered into a strategic partnership to help companies offer employees more integrated health and financial protection.
Through this partnership, Manulife’s group life insurance benefit will be available to select iCare HMO group customers. The annually renewable coverage sits alongside employees’ existing healthcare benefits, giving corporate clients another option for building a more holistic employee benefits package that addresses both medical needs and financial protection.
The partnership builds on insights from Manulife’s Asia Care Survey, which found that consumers across the region are placing greater emphasis on holistic well- being. In the Philippines, people are increasingly proactive about their health, prioritizing preventive care and healthier lifestyles. The survey also revealed that 88% of respondents view independence and financial freedom as the legacy they want to leave their loved ones, highlighting demand for solutions that support both healthier and more financially secure futures.
“Filipinos are increasingly looking for practical ways to protect their health while strengthening their financial resilience,” said Rahul Hora, President and Chief Executive Officer, Manulife Philippines. “Through this partnership, we can complement iCare HMO’s healthcare solutions with life insurance protection for group clients, while exploring new ways to make relevant solutions more accessible. This supports our commitment to help more Filipinos live better for longer.”
“Employers and individuals benefit when healthcare and financial protection work together,” said Geronimo V. Francisco, President and Chief Executive Officer, iCare. “Our partnership with Manulife allows us to expand the range of protection options available to our group clients and explore convenient new channels for broader protection. We look forward to developing solutions that respond to the evolving needs of Filipino employees and families.”
Manulife and iCare HMO are co-developing integrated employee benefits solutions that bring their products into complementary offerings, including embedding group life insurance into iCare HMO’s prepaid cards starting November 2026. A two-way distribution framework will also enable each organization to reach customers through the other’s authorized channels and corporate relationships, while longer-term plans will explore coordinated group life, group medical, and broader employee benefits propositions for businesses in the Philippines.
As customers’ needs evolve, Manulife Philippines and iCare remain committed to building solutions that help more Filipinos take charge of their health and live more financially secure lives.
About Manulife Philippines The Manufacturers Life Insurance Company opened its doors for business in the Philippines in 1907. Since then, Manulife's Philippine Branch and later The Manufacturers Life Insurance Co. (Phils.), Inc. (Manulife Philippines) has grown to become one of the country's leading life insurance companies. Manulife Philippines is a wholly owned domestic subsidiary of Manulife Financial Corporation, among the world's largest life insurance companies by market capitalization. Learn more about Manulife Philippines by visiting their website manulife.com/ph and following them on Facebook (facebook.com/ManulifePH), Instagram (@manulifeph), and LinkedIn (Manulife Philippines).
About Manulife Manulife Financial Corporation is a leading international financial services provider, headquartered in Toronto, Canada. Anchored in our ambition to be the number one choice for customers, we operate as Manulife across Canada and Asia, and primarily as John Hancock in the United States, providing financial advice, insurance and health solutions for individuals, groups and businesses. Through Manulife Wealth &Asset Management, we offer global investment solutions, financial advice, and retirement plan services to individuals, institutions, and retirement plan members worldwide. At the end of 2025, we had more than 37,000 employees, over 106,000 agents, and thousands of distribution partners, serving over 37 million customers with operations across 25 markets globally. We trade as ‘MFC’ on the Toronto, New York, and Philippine stock exchanges, and under ‘945’ on the Hong Kong stock exchange. Not all offerings are available in all jurisdictions. For additional information, please visit manulife.com.
About iCare iCare HMO is one of the leading healthcare organizations in the Philippines committed to making quality healthcare accessible and sustainable. With 35 years of experience, iCare partners with employers, individuals, and families across industries to deliver flexible, people centered healthcare solutions. Guided by a new DNA that blends Singaporean efficiency with Filipino compassionate care, iCare continues to innovate amid rising medical inflation to help Filipinos say yes to better health. It is licensed by the Insurance Commission to operate as a Health Maintenance Organization. Learn more about iCare by visiting their website: www.icare.com.ph
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