Manulife Life Insurance Singapore
Manulife was founded 133 years ago in Ontario, Canada as "The Manufacturers Life Insurance Company" by the country's parliament. In its early days, it was helmed by Canada's first prime minister, Sir John A. Macdonald. Today, Manulife continues to be headquartered in Ontario, Toronto, and is listed on the Toronto, New York, Hong Kong, and Philippine Stock Exchanges.

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What you should know about Manulife Insurance
Manulife Singapore was established in 1980, and has over 600 staff in Singapore. From 2015 onwards, Singaporean customers can purchase Manulife's insurance plans directly from DBS Bank branches as well.
If you've ever heard of the Manulife InvestReady, it's one of the more commonly searched insurance plans from Manulife. In fact, it's a whole life investment-linked plan that gives you welcome and loyalty bonuses, potential cash returns, potential dividends, alongside death and terminal illness coverage. Investment-linked plans are, at times, frowned upon for it may cause a ill-informed customer to incur financial losses.
Manulife Insurance Plans


Manulife Whole Life Insurance Plans
LifeReady Plus

ManuAssure Life (Direct)

Why choose Manulife LifeReady Plus?
Whole Life Insurance Plan

Basic Coverage

Multiplier

Increase Coverage

Health Advantage Benefit

Critical Illness Riders

Cash Value

Retrenchment Benefit

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Manulife Term Life Insurance
However, if you are considering getting a Term life plan instead of a whole life insurance plan, Manulife offers 3 types of Term life plans – the ManuProtect Decreasing (II), ManuProtect Decreasing Lite (II), and the Direct ManuAssure Term (a direct purchase insurance plan which you can buy from Manulife without the help of an insurance agent).
What types of insurance does Manulife offer?
Manulife Singapore offers 9 types of general and life insurance products, spanning life insurance, pregnancy, critical illness, personal accident, savings, investments, and legacy planning for the high net-worth individual.


Types of Insurance offered by Manulife Singapore
1
Life Insurance

2
Maternity

3
Critical Illness Insurance

4
Personal Accident Insurance

5
Savings Plans

6
Retirement Savings Plans

7
Investment-Linked Plans

8
Legacy Planning

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How to apply for your Life Insurance plan


Applying for a Life Insurance plan through MoneySmart
Step 1
Answer Some Questions
Don't have time to compare all the different life insurance plans in Singapore? Answer some questions and let our intelligent system find the best life insurance plan for you.
Step 2
Speak To Our Insurance Specialists
After you submit your quiz, our expert insurance specialist team members may drop you a call to clarify your needs and explain your options to you. Seize this chance to ask our friendly colleagues the burning questions you may have about life insurance!
Step 3
Apply And Purchase Your Life Insurance
Once you have spoken to our insurance specialists, considered your options, and planned your finances, you are ready to apply for your life insurance plan online through our portal.
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Manulife Life Insurance Claims
What are insurance claims? An insurance claim refers to the request for monetary reimbursement that the insurance plan's owner (aka you) have submitted to your insurance company. There is a lot of talk around claims because that's pretty much the point of getting a life insurance plan. What sets an insurance company apart (and likewise turn customers off) from another is the reliability, and convenience of the claims system.


How to Claim with Manulife
Online Guide
Most insurance companies will provide a step-by-step guide or instructions teaching you how to do your claims on their website. For Manulife, visit the website, on the left hand side menu, click "Support", followed by "File a Claim". You will then see all the different insurance categories – critical illnesses, death, disability, medical, personal accident plans etc.
Claims Process
In the event of a terminal illness diagnosis, or death etc., you will usually have to download the claim forms from the Manulife website, fill it up, and submit it together with the required supporting documents such as a physician's statement and medical reports to your insurance agent or directly to the Manulife office.


Frequently Asked Questions
Is Manulife insurance good?
- Manulife is most commonly known for their Manulife InvestReady Wealth investment-linked plans which you should only get if you are familiar with the policy's sub-funds. When it comes to Manulife's life insurance plans, the company has reportedly reduced customers' contracted surrender value and terminal bonuses over the years – a situation which could potentially crop up at any other insurance company as well.
How to withdraw money from Manulife?
- If you're looking to surrender your Manulife policy in fully, or withdraw cash value from your policy partially, you will need to contact your Manulife insurance agent or call the Manulife customer service hotline at +65 6833 8188 to discuss the implications of your withdrawal. Otherwise, you can head straight to Manulife's website, click on "Support" on the left hand side menu, and click on "Make a change to your policy". Scroll down, download the "Surrender/ Withdrawal Form", fill it up, and mail it to Manulife's office together with copies of you and all the life insured's NRICs or passports.
How to cancel Manulife insurance?
- To cancel (otherwise also called surrender) your Manulife insurance policy, you are encouraged to speak to your insurance agent or call the Manulife customer service hotline at +65 6833 8188 to first understand the implications and any losses involved. Otherwise, you can just download the Surrender or Withdrawal Form from the Manulife website, fill it up and mail it back to the Manulife Singapore office together with the require supporting documents such as copies of your NRIC or passport.
How to pay Manulife insurance online?
- You can pay your Manulife insurance premiums via PayNow, cheque, cashier's order, bank draft, telegraphic transfer (TT), AXS, internet banking, or via GIRO. To pay your premiums via PayNow, you can scan Manulife's PayNow QR code, or key in Manulife's UEN number, 198002116DPAR. Remember to key in your policy detail under "Reference Number".
What does Manulife do?
- Manulife is a multinational insurance company. It was founded in Ontario, Canada in 1887 and remains headquartered in Toronto today. In Singapore, Manulife provides general and life insurance plans. Insurance aside, you can also invest in Manulife's US real estate portfolio of 9 prime freehold office properties called the Manulife US Reits on the Singapore Exchange (SGX). Otherwise, you will also find the Manulife Investment Management for wealth and asset management.
What are the benefits of Manulife LifeReady Plus?
- Key benefits of Manulife's LifeReady Plus whole life insurance includes coverage for death, terminal illness, and total and permanent disability. You will also get to increase you base sum assured by up to 5 times, add critical illness and retrenchment riders, and opt for your policy's cash value to be paid out annually to you.