N1S employees will get individual FutureBoost life insurance policies with investment earning potential
Global financial services provider Manulife was recently tapped by Bacolod-based consumer goods distributor Number 1 Supplier, Inc. (N1S) to provide life insurance coverage to its employees.
Through the partnership, all eligible N1S employees will be covered by Manulife FutureBoost, a flexible insurance and investment bundle that allows customers to increase their coverage anytime and enhance their protection at every stage of their life journey — whether starting their careers, building their own families, or preparing for retirement.
“Manulife offers innovative life insurance plans such as FutureBoost that are designed to provide customers long-term protection coverage from unforeseen accidents or health concerns, while also building their long-term funds through the potential investment earnings,” said Rahul Hora, President and Chief Executive Officer, Manulife Philippines. “We at Manulife will continue to create flexible and relevant solutions that will make insurance more accessible to individuals and businesses depending on their priorities and budget.”
“Manulife FutureBoost is ideal for employers like us because it is a comprehensive life insurance plan with no premium charges, giving employees access to expertly managed global and local investment funds and potential income from bonuses,” said Manuel Parroco, President and CEO, N1S. “As securing their families’ future remains a key priority among our employees, we want to address their primary concerns, enhance employee engagement, and strengthen our relationships while ensuring continuous business growth.”
No. 1 Supplier Inc. is one of the biggest fast-moving consumer goods distributors in Negros Occidental, Negros Oriental, and Siquijor, serving 20,000 customers.
Manulife Philippines will continue collaborating with businesses to address their insurance protection needs and increase insurance penetration in the Philippines. Based on Manulife’s 2023 Asia Care Survey, the Philippines ranked the lowest regarding insurance ownership among the markets surveyed, including Malaysia, Indonesia, and Vietnam, among others*.