Manulife Philippines Appoints Manish Sangal as Deputy CEO

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Sangal will drive strategy and execution across priority transformation and business initiatives, advancing agency distribution, digital, and AI innovation across the business

Manulife Philippines, the local arm of leading international financial services provider Manulife, announced the appointment of Manish Sangal as Deputy Chief Executive Officer. As Deputy CEO, he will join the Company’s executive committee and will report directly to Rahul Hora, President and Chief Executive Officer, Manulife Philippines.

Over the past three years as Chief Agency Officer in Vietnam, Sangal has delivered sustained quality growth and built a highly engaged, high-performing team. His appointment reflects Manulife’s continued investment in the Philippines as a market central to the company’s Emerging Markets strategy and underscores the insurer’s focus on building enterprise-level capabilities across its business.

“Manish is a proven insurance leader who combines strategic clarity with disciplined execution,” said Rahul Hora, President and Chief Executive Officer, Manulife Philippines. “His track record in agency development and digital transformation, along with his strong culture-building leadership, will help us accelerate our growth ambitions, strengthen our competitiveness, and create even more value for our customers and distribution partners in the Philippines.”

In his new role, Sangal will be responsible for driving strategy and execution across priority transformation and business initiatives, partnering across teams to advance technology and AI innovation, agency transformation, expanded Corporate Solutions, and enhanced digital journeys for advisors and customers, deepening customer value and distribution excellence.

“I’m honored to take on this role and to partner with our talented teams across Manulife Philippines,” said Manish Sangal, Deputy CEO, Manulife Philippines. “Backed by 119 years of rich understanding of the Filipino customer, we have an exciting opportunity to scale our agency strength, enhance customer engagement through data, digital, and AI, and bring innovative and market-leading health and life protection solutions—making decisions easier and lives better for more families in the Philippines.”

Manulife Philippines, CanCham Convene Leaders to Strengthen the Country’s Care Ecosystem

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●        Government, private sector, and healthcare leaders gathered to pursue a whole-of-society approach and chart actions from screening to survivorship at CanCham’s General Membership Meeting.

●        Focus areas included prevention, early detection, digital health solutions, sustainable financing, and scaling HPV vaccinations and other interventions.

(L-R) Atty. JV Salud (Head of Regulatory and Public Affairs, Manulife Philippines), Dr. Ramy Roxas (Chief Operating Officer, Healthway Cancer Care Hospital), and Rahul Hora (President & Chief Executive Officer, Manulife Philippines)

At the Canadian Chamber of Commerce of the Philippines’ General Membership Meeting, held in cooperation with Manulife, leaders aligned on integrating cancer care systems and adopting a whole-of-society approach to help Filipinos live healthier lives and secure stronger financial futures.

The Canadian Chamber of Commerce in the Philippines (CanCham) held its General Membership Meeting (GMM) at Ayala North Exchange in Makati Central Business District on February 11, with the theme “Strengthening the Philippines’ Cancer Care Ecosystem.”  As one of the longest-serving Canadian businesses in the country, Manulife Philippines supported the gathering as the official event partner, bringing together government, private sector, and healthcare leaders to address one of the Philippines’ most pressing health challenges.

Cancer remains a significant challenge for Filipino families. According to the Philippine Statistics Authority, cancer was among the three leading causes of death among Filipinos for the first eight months of 2024, while the Manulife’s Asia Care Survey shows it remains one of the most feared diseases among Filipinos. These concerns are compounded by systemic barriers to care: financial constraints and limited access to screening mean many patients are diagnosed only at later stages, when treatment is more complex and costly.

Geographic disparities further exacerbate the problem, with Filipinos outside Metro Manila facing fewer options for timely and specialized care. As a result, the heavy burden of out-of-pocket expenses places tremendous strain on families already navigating the emotional and physical toll of a cancer diagnosis.

"For too long, a cancer diagnosis in this country was whispered like a death sentence, not just biologically, but financially. It was a 'catastrophic' illness in every sense of the word, capable of wiping out a lifetime of savings in a single treatment cycle," said Teodoro Herbosa, Secretary, Department of Health. "But (today), I am here to tell you that the narrative is changing. Under the banner of Universal Health Care and our 8-Point Action Agenda, we are moving from a position of fear to a position of 'readiness.' A Cancer-Ready Philippines is a nation where the quality of your care is determined by the urgency of your need, not the weight of your wallet."

"Cancer is a formidable foe, but it is not invincible. We are building a healthcare system that is inclusive, proactive, and, above all, deeply human," Herbosa added.

The GMM focused on several critical areas, including strengthening prevention programs, advancing digital health solutions for early detection, developing financing models that make cancer care more accessible, and scaling human papillomavirus (HPV) vaccinations and other interventions. The event featured talks examining the DOH’s priorities and the role of private sector partners in expanding cancer care access.

To help address the growing impact of cancer, Manulife is strengthening its focus on longevity, prevention, and financial protection.  In 2025, Manulife launched its global Longevity Institute, a platform for research, innovation, thought leadership, advocacy, and partnerships. The Institute is backed by a CA$350 million investment through 2030 to help people live longer, healthier, and more financially secure lives. Here in the country, Manulife Philippines also recently partnered with AC Health on cancer prevention and care programs, reinforcing its commitment to help Filipinos prepare for the risks of critical illness. This commitment is underscored by a recent study showing that 41% of medical spending is out of pocket and 33% of Filipinos feel their health insurance coverage is insufficient.

“We at Manulife are on a mission to make decisions easier, and lives better for our customers, and we know that cancer and other diseases are a challenge to these. That’s why we remain deeply committed to respond with urgency and compassion,” said Rahul Hora, President and Chief Executive Officer, Manulife Philippines. “By working with likeminded collaborators such as the Canadian Chamber of Commerce, fellow businesses and organizations, and with the support from the Department of Health, we can build a future where our kababayans do not face a cancer diagnosis with fear and financial uncertainty, but with hope, support, and access to the right care.”

With a history of 119 years of serving Filipino customers’ evolving health and protection needs, Manulife Philippines supports a whole-of-society approach to understanding the patient journey in cancer care. This means recognizing the different dimensions of their condition and the support that they need: from awareness and early detection to access to healthcare and treatment, strong financial protection, emotional and psychological care, and continuity of care across all stages.

“CanCham is mobilizing our network and convening our member-organizations to align employers, insurers, and health innovators around early detection, digital pathways, and sustainable financing, so patients are guided from diagnosis to survivorship,” said Christopher Ilagan, President and Chief Executive Officer, Canadian Chamber of Commerce in the Philippines. “The collaboration between Canada and the Philippines, with private sector leadership from companies like Manulife, demonstrates our shared commitment to addressing one of the country’s most urgent healthcare needs.”

 

  

Resources:

●     Philippine Statistics Authority - https://psahelpline.ph/blogs/heartbreaking-numbers-understanding-the-philippines-leading-causes-of-death

●     Manulife’s Asia Care Survey - https://www.manulife.com.ph/about-us/thought-leadership/asia-care-survey/2024/physical-and-mental-well-being.html

●     Manulife Longevity Institute - https://www.manulife.com/ca/en/about-us/longevity-institute

●     In Wellness and In Health study - https://www.manulife.com.ph/about-us/manulife-studies/in-wellness-and-in-health.html

Manulife Philippines Continues to Advance Impact Agenda with Sustainability and Community Efforts

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   ●      In 2025, Manulife Philippines planted more than 10,000 native trees and reached nearly 2,000 new Peso Smart learners through community‑led partnerships.

● Sustained coastal and terrestrial restoration programs, in collaboration with Haribon Foundation, strengthened local ecosystems and supported livelihoods in Luzon island.

●    Manulife’s Season of Giving mobilized colleagues across the country to donate and volunteer for the causes that matter most to them, with the company matching individual colleague donations dollar‑for‑dollar up to CA$1,000.

Manulife Philippines, the local arm of leading financial services provider Manulife, continues to advance its Impact Agenda, the company’s global commitment to drive better outcomes for its customers, communities, and the planet, with various volunteering and community efforts spread throughout the past year.

To cap 2025’s initiatives, Manulife executives, volunteers, and beneficiaries came together for sustained reforestation efforts, advancing environmental restoration and financial education across communities. Manulife’s annual Season of Giving campaign also empowered its colleagues to support causes meaningful to them through personal donations and volunteerism.

A Year of Environmental and Community Impact

In 2025, Manulife Philippines further advanced its contributions to a healthier planet and community development by planting more than 10,000 native trees covering four hectares of terrestrial and coastal areas. To date, it has planted 31,250 trees across terrestrial and coastal reforestation projects in partnership with Haribon Foundation, local communities, and through the efforts of colleague-volunteers.

 Manulife Philippines colleague volunteers participate in a seedling preparation activity in Rizal province.

Seedling Preparation: 

Through the Seedling Nursery Activity, Manulife Philippines colleague volunteers prepared 1,000 native tree seedlings at a nursery site in Sto. Niño, Rizal in February. The activity was conducted in partnership with Haribon Foundation alongside KAT-MAGAT Tourism and Farmers Association and Sto. Niño Integrated School, supporting reforestation efforts that benefit more than 200 households in the community. Planting these prepared seedlings will commence in 2026, covering eight hectares of forest in the Sierra Madre mountain range.

In 2025, Manulife Philippines expanded its partnership with Haribon Foundation to include planting mangroves in Quezon province.

Mangrove Planting: 

To support coastal restoration efforts that protect shorelines and local fishing communities, Manulife partnered with Haribon Foundation and the community of Alitas Farmers and Fisherfolk Association (AFFA). These mangrove planting efforts will benefit more than 200 households in Infanta, Quezon. The program has established a dedicated mangrove seedling nursery that aims to produce a total of 15,000 seedlings by the end of 2027.

Terrestrial Planting: 

Manulife’s flagship terrestrial restoration site in Real, Quezon, has planted 10 hectares in partnership with Haribon Foundation with the support of the communities in Brgy. Tanuan Farmer’s Association (BATAFA) and Samahan ng Katutubong Dumagat ng Real, Quezon Inc. The restoration efforts benefit nearly 10,000 households in Brgy. Maragondon in Real.

To date, more than 4,900 Filipino learners have completed the Peso Smart program.

Financial Literacy: 

In collaboration with the Corazon Sanchez Atayde Memorial Foundation, Manulife's Peso Smart program reached s new learners across 18 public elementary schools nationwide in 2025. The award-winning financial literacy program equips young Filipinos with essential financial skills such as saving, budgeting, and investing, while connecting financial literacy. To date, more than 4,900 Filipino learners have completed the Peso Smart program, which Manulife Philippines pioneered in 2017.

 Volunteers from Manulife Business Processing Service participate in a volunteering activity.

Bayanihan Festival: 

Manulife Business Processing Services (MBPS), the global shared services center of Manulife, held its inaugural Bayanihan Festival in November 2025. Inspired by the Filipino spirit of community and collaboration, MBPS partnered with Rise Against Hunger Philippines, Waves for Water Philippines, and Reach Out and Feed Philippines for initiatives such as Project Baon to address food insecurity and micronutrient deficiency among Filipino children and humanitarian efforts in disaster-hit Cebu province. There, MBPS mobilized colleague-volunteers and dispensed 2,000 relief kits, 5,000 hot meals, and engaged Manulife’s global colleagues to donate to relief efforts, matching donations dollar-for-dollar.

Volunteers from Manulife IT Delivery Center teach young learners about coding.

Code4Future: 

Manulife IT Delivery Center (MITDC), the fintech arm of Manulife, organized two Code4Future learning sessions in 2025. The sessions, which aim to empower children through coding and creativity, drew 73 young learners and more than 80 MITDC colleague-volunteers. The program aimed to spark curiosity and encourage problem-solving skills while showcasing how technology can fuel creativity.

 Manulife Philippines also unveiled in its newly opened agency office at the Ayala North Exchange the mural called “From Trash to Tree-sure.”

From Trash to Tree-sure:

Manulife Philippines also unveiled in its newly opened agency office at the Ayala North Exchange the mural called “From Trash to Tree-sure,” a unique centerpiece embodying the company’s commitment to sustainable business practices and innovation. The mural was crafted from 18.35 kilos of old Manulife t-shirts from past team events, 9.85 kilos of repurposed tarpaulins, and 56.6 kilos of used beverage cartons. It was built by Manulife financial advisors and colleague-volunteers in collaboration with sustainability-focused interior design firm JunkNot, through its Trash Innovation Exchange for Upcycling Project.

Manulife Global Chief Marketing Officer Karen Leggett joins Manulife Philippines colleague volunteers in a seedling preparation activity.

To close Impact Agenda efforts in 2025, Global Chief Marketing Officer, Karen Leggett, joined colleague-volunteers from Manulife Philippines, Manulife China Bank Life, and Manulife Investments Philippines along with Peso Smart Pinay graduates from Quezon City and Peso Smart teachers from the San Miguel Elementary School in Pasig to prepare 200 native tree seedlings for terrestrial planting in Tanay, Rizal in 2026.

"Taking part in volunteer opportunities like this seedling activity underscores our commitment to supporting communities and championing sustainability through hands-on action," said Leggett. "Each seedling we plant is a tangible promise to restore forests, protect vital ecosystems, and unlock new opportunities for Filipino communities to thrive. By coming together with partners and volunteers, we are not only cultivating a safer, more resilient future, but also inspiring lasting change for generations to come. We stand united in our mission to transform intent into impact—a testament to the power of collective action."

Colleague-Driven Impact

  Season of Giving campaign reflect Manulife Philippines' continued commitment to the communities it serves.

In 2025, Manulife colleagues in the Philippines registered more than 13,000 volunteering hours through their participation in different Impact Agenda initiatives. This was further amplified in Manulife’s global Season of Giving campaign, where colleagues are encouraged to donate to charities and volunteer with community organizations of their choice.

Manulife matches colleagues’ donations dollar-for-dollar up to CA$1,000 in Asia during the Season of Giving, which ran from November to December. This matching mechanism transforms individual generosity into a collective, deep impact across markets. The company also recognizes volunteer hours for any of the colleagues’ chosen initiatives, ensuring that colleagues can support causes of personal significance.

"Filipinos entrust us with their financial futures, and that trust comes with a clear responsibility to invest back in meaningful and lasting ways,” said Rahul Hora, President and Chief Executive Officer, Manulife Philippines. "The Season of Giving puts this belief into action. We know meaningful change starts with personal commitment, so we take pride in empowering our people to champion the causes that matter most to them.”

Initiatives like Peso Smart, reforestation projects, and Season of Giving campaign reflect Manulife Philippines' continued commitment to the communities it serves. By combining hands-on local engagement and colleague-driven charitable giving, the company continues to demonstrate that lasting impact comes from consistent action and collective effort.

In November, Manulife Financial Asia Limited won the Asia Corporate Excellence & Sustainability (ACES) Awards 2025 in the category of Top Sustainability Advocates in Asia for its outstanding commitment to sustainability through its Impact Agenda, environmental stewardship, and strategic integration of sustainable investing across its operations. The recently launched Manulife Longevity Institute underscores this commitment by creating a global platform to drive action that helps people live longer, healthier, and more financially secure lives by 2030—in Asia and around the world.

To learn more about Impact Agenda and Manulife’s commitment towards building a better business to better the world, visit manulife.com.ph 

Social Security System and Manulife Philippines Strengthen Financial Security for SSS Retiree and Surviving Spouse Pensioners who Availed of the SSS Pension Loan Program with Group Credit Life Insurance

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Social Security System (SSS) and Manulife Philippines have formally expanded their partnership to provide Group Credit Life Insurance coverage to pensioners who availed of the SSS Pension Loan Program, following a ceremonial contract signing held at the SSS Head Office in Diliman, Quezon City. Present at the contract signing are executives from both organizations, led by SSS President and Chief Executive Officer Robert Joseph de Claro and Manulife Philippines President and Chief Executive Officer Rahul Hora.

Manulife Philippines President and CEO Rahul Hora, Chief Corporate Solutions and Alternative Distribution Officer Erwin Go, and Vice President and Head of Corporate Solutions Cheryl Asinas formalize the partnership with Social Security System President and CEO Robert Joseph Montes De Carlo and Executive Vice President for Investments Sector Ernesto D. Francisco, Jr.

Previously available only to 2 million retirement pensioners across the country, the expanded coverage now also includes approximately 1.2 million surviving spouse pensioners, ensuring that their financial obligations of loan borrowers are protected through comprehensive credit life insurance. This milestone marks a significant step toward strengthening financial resilience for Filipino families.

"This partnership represents our shared commitment to protect and empower our clients, especially those who rely on financial assistance to make their dreams happen, secure their families’ future, or rebuild their lives after a calamity," said Robert Joseph de Claro, President and Chief Executive Officer, Social Security System. "Through this agreement, we help ensure that our borrowers are not left vulnerable in times of unexpected loss, illness, or tragedy.”

"Expanding this partnership reflects our dedication to helping build a more inclusive financial landscape where Filipino families can access the protection they need," said Rahul Hora, President and Chief Executive Officer, Manulife Philippines. “With this initiative, we reinforce our goal of enabling more Filipinos achieve greater financial security, especially during times when support is needed most."

Strengthening financial resilience: Enhanced insurance features and benefits

The enhanced program builds on the successful implementation of the SSS Pension Loan Program (PLP), announced on Labor Day 2025, which provided accessible, low-interest loans to pensioners. With Manulife as the Group Credit Life Insurance provider from 2025 to 2026, both retirement and surviving spouse pensioners benefit from:

● Comprehensive protection: Manulife’s group credit life insurance covers outstanding loan obligations in the event of the borrower’s passing, relieving families of financial burden during difficult times.

● Inclusive coverage: The insurance now extends to surviving spouse pensioners, ensuring broader protection across the pensioner base.

● Seamless integration: The insurance is embedded within the pension loan process, with no additional steps required from members to access coverage.

Building trust through proven partnership

Manulife’s continued collaboration with SSS underscores the power of public-private partnerships in expanding the reach of social protection programs. Since the original five-year group credit life insurance contract began in August 2022, Manulife has leveraged its insurance expertise to support government initiatives that promote financial security for Filipino families, advancing its nation-building efforts.

With this landmark enhancement, Manulife builds on its 118-year legacy in the Philippines, reaffirming its role as a trusted financial partner of Filipino customers. The company continues to deliver innovative insurance solutions that meet customers’ evolving needs across all life stages.

Manulife Launches Global Longevity Institute Committing $350M by 2030 to Accelerate Progress on Lifelong Health and Financial Resilience

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●      Global research, advocacy and community investment platform created to advance innovation that will reimagine aging and lifelong well-being

●      Initial actions include new research with Milken Institute, Longevity Symposiums across global markets, and more

Manulife announced the launch of the Longevity Institute, a global platform that will seek to drive action to help people live longer, healthier, and more financially secure lives. Backed by a $350 million commitment, the Longevity Institute will work to champion research, innovation, and partnerships that will help people thrive at every age.

As a global leader in life insurance, asset management, and retirement planning, Manulife is deeply invested in the health and well-being of its customers. However, the gap between how long people live (lifespan) and their quality of life (healthspan) is widening — with many spending up to 20% of their lives in poor health, and nearly 40% facing financial insecurity as they age^[1]. The Longevity Institute aims to close this gap by reimagining how people live, work, learn, and contribute throughout their lives.

“Empowering health, wealth, and longevity is central to Manulife’s bold new ambition. It aligns with our values and our commitment to the communities we operate in, and we are uniquely placed to help individuals and families navigate the growing gap between lifespan and healthspan,” said Phil Witherington, President and CEO of Manulife. “For generations now, Manulife has supported customers at every stage of life, and we see a powerful opportunity to scale our expertise and help even more people live longer, healthier, better lives. Through the Longevity Institute, we will partner with organizations that share our purpose, unlock new insights, drive innovation, and create a future where everyone can thrive—at any age.” 

The Longevity Institute will focus on igniting global research and thought leadership to better understand how people can flourish as they live longer; accelerating innovation and advocacy through initiatives that promote health, wellness, and financial readiness; and investing in community partnerships that advance knowledge, promote equity, and drive action around longevity.

Steve Finch, President & CEO, Manulife Asia said, “With the demographic shifts in Asia, where one in four people will be over the age of 60 by 2050, it's crucial to rethink traditional approaches to financial planning, health care, and workforce participation. At Manulife, we are committed to driving innovation that promotes long-term financial resilience, equitable healthy aging, and lifelong fulfillment. By supporting early-stage innovations and providing comprehensive solutions, we aim to help people live better for longer and secure their financial futures.”

Initiatives

Manulife has a long history of driving impact through programs, products, services, and community investments dating back to 1888, when Manulife gifted an ambulance to the City of Toronto—its first act of public service to help people live longer, healthier lives.

To mark the launch of the Institute and build on our long history of impact, Manulife is pleased to share new and ongoing initiatives that reflect our commitment to advancing longevity through meaningful action:

●        Partnering with the National Institute of Ageing: Manulife is supporting the National Institute on Ageing’s annual Ageing in Canada Survey, conducted in partnership with Toronto Metropolitan University. This important research explores the lived experiences of Canadians aged 50+ to inform policies that promote healthy aging.

●        Partnering with the Milken Institute: Manulife has supported the Milken Institute to advance thought leadership and research on some of the most critical issues shaping longevity and the future of health. Feeding Change's work and recent policy brief highlight opportunities for strengthening resilient fruit and vegetable production and integrating food into health interventions. The Future of Aging initiative and new report, Longevity Ready: A Systems Approach to Aging Well at Home, elevates solutions enabling current and future generations to prepare for longer, healthier lives in their homes and communities.

●        Longevity Symposiums: The Manulife and John Hancock Longevity Symposiums began in Boston two years ago and are now expanding globally. Recently, Manulife Singapore and Manulife Philippines hosted inaugural events in Asia, bringing together healthcare experts, industry leaders, financial consultants, customers, and partners—to explore how people can live not just longer, but better. John Hancock will host its third Longer. Healthier. Better. Longevity Symposium in the U.S. in April 2026.

The launch of the Longevity Institute quickly follows John Hancock’s inaugural Longevity Preparedness Index — developed with MIT AgeLab, which measures how ready U.S. adults are to thrive as they age. This index will expand to cover Canada in future years and provides insights that support the need for continued longevity advancements and innovations.

Outcomes

The Longevity Institute will build upon Manulife’s existing efforts to help more than 36 million customers improve their health and wealth. This work aims to drive the following outcomes:

 

●       Health: Help people make everyday choices that support their physical, mental, and emotional well-being—through better nutrition, early detection, movement, and mental health support that fits into real life.

●     Wealth: Empower people to feel confident about their financial future, with tools, education, and support that help them weather life’s ups and downs and build lasting financial security.

A comprehensive list of the Institute’s work and partnerships to date can be found in this fact sheet. The Institute will be known as the John Hancock Longevity Institute in the United States. For more information on the Longevity Institute, and to stay up to date on the Institute’s actions, insights, and events through 2030, visit Manulife.com/Longevity.  

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^[1] World Economic Forum

Manulife Brings Personalized Gut Health Insights to the Philippines

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Empowering Filipinos to take control of their health through science-backed innovation

Manulife is introducing a new health initiative in the Philippines that offers personalized gut microbiome screening through its collaboration with AMILI, Southeast Asia’s first microbiome insights company.

In the Philippines, this partnership is especially timely. According to the 2025 Asia Care Survey, 82% of Filipinos cite rising healthcare costs as their top concern, and many feel uncertain about their ability to maintain physical and financial well-being in the future. The screening provided by AMILI helps address these anxieties by offering science-backed, preventive care that supports better health outcomes and reduces long-term medical risks.

"At Manulife Philippines, we are focused on delivering innovative solutions that support the evolving health needs of Filipinos," said Rahul Hora, President and Chief Executive Officer, Manulife Philippines. "This collaboration with AMILI allows us to offer a unique health experience that goes beyond traditional insurance, empowering our customers to take a proactive approach to their health."

Manulife customers in the Philippines will now be able to access a personalized gut health screening designed specifically for Asian populations. The service includes tailored nutrition recommendations and teleconsultation to help interpret results. This empowers customers to better understand their health and take preventive steps to improve immunity, brain function, heart health and overall longevity. The service also provides a meaningful way to address rising health concerns in the Philippines by showing how Manulife delivers on its promise to support longer, healthier lives—through early detection, personalized care, and preventive action that can help reduce long-term healthcare costs for individuals and the system

"Our goal is to be a true partner in our customers' health journey—not just by helping them prepare financially, but also by giving them access to tools, services, and support for prevention, care, and overall well-being," said Grace Mallabo, Chief Health and Product Officer, Manulife Philippines. "By integrating personalized health insights into our offerings, we are helping Filipinos make informed decisions and improve their quality of life."

AMILI’s screening leverages the region’s largest multi-ethnic gut microbiome database, delivering insights that support digestive health, immunity, mental well-being, and chronic disease prevention.

"We’re proud to support Manulife’s customers in the Philippines with actionable, science-backed health insights," said Dr. Jeremy Lim, Chief Executive Officer and Co-founder, AMILI. "This partnership is a step forward in making predictive, preventive care more accessible across Southeast Asia."

This initiative in the Philippines is an expansion of the First-in-Asia Gut Microbiome Screening collaboration between Manulife and AMILI, launched in 2024 in Singapore. It is part of Manulife’s broader strategy to support health and longevity through value-added offerings across Asia, helping customers take control of their health in meaningful ways.

Details on the collaboration between Manulife Philippines and AMILI can be accessed at https://www.manulife.com.ph/services/manulife-move.html.

Evolving View on Longevity: For Filipinos, Quality of Life Outweighs Lifespan - Manulife Asia Care Survey 2025

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●        Survey of 1,000 consumers in the Philippines shows Filipinos value independence, quality of life, and purpose over longer life spans.

●        Despite rising health concerns, especially among those aged 25-34, most Filipinos surveyed do not take sufficient preventive health actions.

●        Amid widening retirement savings gap, Filipinos see the link between finances and health but remain underprepared for retirement.

●        Many Filipinos place excessive reliance on cash as a placeholder investment, increasing the risk that they might outlive their savings in the face of potential longer life expectancy.

A shift in how Filipinos view longevity is emerging, as they prioritize quality of life more than simply living longer as they age, according to the Manulife Asia Care Survey 2025: "Embracing Longevity: Enjoying a Better Life." The comprehensive study, which surveyed 1,000 Filipinos, revealed that only 13% of respondents chose living a longer life as their top wish when they consider their older years, while 26% prioritize financial independence and 17% value staying physically, mentally, and socially active.

The Manulife Asia Care Survey 2025, which ran in January and February, explored attitudes around how the region views longevity, as global life expectancies continue to rise.

Among those who value quality of life over lifespan, the respondents’ desired lifespan averages 69 years—below the national life expectancy, which is projected to reach 73.2 by 2050—suggests a preference for a life of purpose, vigor, and independence over sheer longevity.

“Filipinos are redefining what it means to live a good life,” said Rahul Hora, President and Chief Executive Officer, Manulife Philippines. “They are no longer focused solely on longevity. Instead, they want to live better—with freedom, dignity, and the ability to enjoy life on their own terms. This shift challenges us to rethink how we support them—not just with insurance, but with holistic solutions that enhance their quality of life.”

Health concerns continue to rise, especially among younger Filipinos

The survey also revealed that health issues are a growing concern, particularly among Filipinos aged 25-34. Nearly 44% of respondents reported experiencing physical or mental health problems that affect their daily lives. Despite this, most Filipinos surveyed are not taking enough preventive action.

On average, more than half of the survey respondents engage in only 5 out of 17 recommended preventive health measures that can support a longer, healthier life. Critical indicators of long-term health—such as muscle mass and oxygen uptake—are monitored by just 16% of participants. These metrics are scientifically linked to longevity and overall vitality yet remain largely overlooked.

Despite this, 74% believe their current health habits are sufficient to protect their health as they age.

“There is a clear gap between awareness and action. Filipinos understand the importance of health, but many are not taking the necessary steps to protect it,” added Hora. “This disconnect could lead to long-term vulnerabilities, which will be challenging to address later in life. To bridge this gap, we encourage Filipinos to take more proactive steps, such as scheduling regular check-ups, adopting healthier lifestyle habits, and seeking guidance from healthcare professionals, to help safeguard their overall health and well-being.”

Filipinos face a retirement savings gap

The survey also highlighted the strong relationship between financial stability and health outcomes. A significant 80% of respondents believe that their financial well-being directly affects how long they can remain physically healthy. Similarly, 76% say it impacts their mental health and emotional resilience.

 However, despite this awareness, the average retirement savings among Filipinos is only PHP 630,000—16% of the PHP 3.85 million they estimate they will need to retire comfortably.

“Filipinos recognize that wealth and health are deeply connected,” said Aira Gaspar, President and Chief Executive Officer, Manulife Investments Philippines. “However, their current savings and investment behaviors do not necessarily reflect this awareness. The gap between what they have saved and what they will need could compromise their ability to live independently and with dignity in later years.”

Retirement planning: A shift in priorities, but gaps remain

When it comes to preparing for retirement, cash remains king for many Filipinos. The survey found that 66% view keeping their money in cash or fixed deposits as one of their top 2 priorities, while 51% express they want to invest in property. However, more than half (54%) also expressed a desire for steady income streams during retirement—something that cash-heavy portfolios may not be able to provide, especially in the face of inflation and rising healthcare costs.

“We are seeing a shift in how Filipinos think about retirement,” Gaspar noted. “While they are starting to realize that relying solely on property or savings may not be enough, many still hold excessive cash, which raises their longevity risk or the risk that they might outlive their savings, particularly in the face of potential longer life expectancy.

Gaspar added, “At Manulife Investments, we empower Filipinos to create more holistic wealth portfolios by giving them diverse and affordable investment choices, which they can use as building blocks to mobilize their savings, receive recurring income streams and achieve financial independence throughout their lifetime. Today, Filipinos can choose from our suite of 22 unit investment trust funds (UITFs), including six income-paying UITFs, spanning multi-asset, fixed income, equity and real estate investment trusts (REITs) asset classes that can be accessed for as little as Php1,000.”

The value of professional financial advice is also evident in the data: 70% of those who work with financial planners believe they will have enough funds for retirement, compared to only 38% of those without such guidance.

Supporting Filipinos’ fresh definition of Longevity

As Philippine life expectancy continues to increase in the coming years, the need for comprehensive health and wealth planning becomes critical.

"The message from Filipinos is clear—they want to age with dignity, maintain their independence, and have the financial freedom to do what matters to them," Hora concluded. "At Manulife, we are committed to evolving our products and services to support this vision. That means offering solutions that go beyond medical and critical illness coverage to address health protection needs and offering investment options that can provide reliable income streams for a better, more fulfilling life.”

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Resources:

●     Manulife Asia Care Survey 2025 - https://www.manulife.com.ph/about-us/manulife-studies/asia-care-survey/2025/top-wish-of-filipinos-in-golden-years.html

●     National life expectancy - https://population.un.org/wpp/