According to the Selection Council, Manulife’s ‘Green’ product duo garnered high votes and fully met the stringent criteria for investment-linked insurance products. These include: a diverse portfolio of linked investment funds, effectively operating linked funds, transparent disclosure of fund activities, highly skilled advisors, and comprehensive customer needs fulfillment.
Green Future and Green Dreams are two investment-linked insurance products by Manulife, developed in alignment with the new Insurance Business Law. Green Future, a unit-linked insurance product, is designed as a multi-purpose financial solution, combining protection with investment in unit-linked funds managed by Manulife Investment Fund Management (Vietnam). Its flexibility makes it suitable for various goals, catering to a wide range of customers, from young professionals to families seeking long-term protection and investment.
Green Dreams is a universal life insurance product offering a guaranteed minimum interest rate, providing protection for parents while accumulating funds for their children’s education and future. Compared to previous universal life products, Green Dreams offers greater flexibility, allowing customers to choose different levels of protection based on their needs, all at the same premium rate.
In addition to investment benefits, both products feature an increased insurance payout of up to 175% of the original insured amount without additional underwriting or premium increases. They also include rewards for long-term policyholders.
Alongside product development, Manulife continuously invests in enhancing the quality of its advisor team, transforming them into ‘wellness ambassadors’ to deliver an optimal customer experience. Recently, the insurer partnered with the Vietnam Young Physicians Association and the Institute for Preventive Medicine and Public Health – Hanoi Medical University, to provide essential public health training for advisors. This initiative elevates the standards of insurance advisors, enabling them to better support customers.
Is Life Insurance Profitable?
Life insurance is inherently about financial protection against risks. However, today’s investment-linked insurance policies offer a unique combination of investment and protection, creating an opportunity for policyholders to profit. It’s important to note that returns are not fixed and depend on market fluctuations, the duration of the contract, and the financial discipline of the individual.
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