In response to the growing diversity and demand in Hong Kong’s savings and wealth management market, Manulife Hong Kong has launched two new life insurance-based savings plans. The newly introduced products—the Genesis Centurion Insurance Plan and the Prestige Achiever Insurance Plan—are designed to provide customers with long-term wealth accumulation, flexible cash withdrawal options, and financial support during significant life events.
Kasey Chang, Chief Product Officer of Manulife Hong Kong & Macau, commented,
“These plans are crafted to give our customers greater control over their savings and investments, while also ensuring financial support when it matters most. Our aim is to provide long-term financial security and ready access to liquidity during unexpected situations.”
Findings from the recent Manulife Asia Care Survey highlight the relevance of these products: 70% of respondents in Hong Kong associate longevity with financial well-being, while 61% consider insurance essential for maintaining lifestyle and physical health. These insights underscore the timeliness of the new plans.
Key Features of the New Plans
| Plan Name | Objective | Main Benefits | Estimated Premium Returns | Special Features |
|---|---|---|---|---|
| Genesis Centurion | Long-term wealth accumulation | Multi-currency policy; flexible withdrawals | ~4× in 25 years, ~6× in 31 years, ~8× in 35 years | 100% terminal bonus for critical illness or mental health events |
| Prestige Achiever | Short-term cash value growth | 83% guaranteed cash value from day one | Up to 4.6% IRR over 10 years | Regular non-guaranteed income from year two; special bonus for critical illness |
The Genesis Centurion Plan emphasises long-term wealth growth. Policyholders can choose from seven different currencies, with the option to switch currency annually from the third policy anniversary. Flexible withdrawal options and partial regular income provide a safety net for unforeseen financial needs.
Meanwhile, the Prestige Achiever Plan focuses on rapid cash value growth. Policyholders can access up to 83% of the guaranteed cash value from day one. The plan offers an estimated internal rate of return (IRR) of up to 4.6%, supporting short-term financial goals. From the second year, policyholders may also benefit from regular non-guaranteed income and receive special bonuses in the event of critical illness.
Manulife’s latest offerings mark a significant step forward in integrating savings and protection for Hong Kong residents. Amid rising living costs, increasing longevity, growing retirement planning needs, and potential financial risks linked to health, these plans establish a new benchmark for combined wealth accumulation and insurance solutions.