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Singlife Philippines launches ‘Protect from Funeral Costs’

With Protect from Funeral Costs, the latest offering in the Singlife Plan & Protect App, Singlife Philippines makes it possible to do one last act of love—to show up for those that matter most, even when you no longer can.

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In Filipino culture, being present is everything. Whether it’s for birthdays, emergencies, or moments of grief—showing up is how we show love. But what if you couldn’t be there when it matters most?

With Protect from Funeral Costs, the latest offering in the Singlife Plan & Protect App, Singlife Philippines makes it possible to do one last act of love—to show up for those that matter most, even when you no longer can.

This whole life insurance product offers a lump sum benefit of up to ₱500,000, which can help families cover funeral arrangements or other end-of-life expenses, giving peace of mind to both policyholders and their loved ones. Fully accessible through Singlife’s all-digital mobile platform, this solution empowers every Filipino to prepare responsibly, protect those they love, and continue showing up—even in their absence.

“Losing someone you love is already one of life’s most difficult moments, and having to rely on ‘abuloy’ or having to pass the hat just to pay for funeral costs makes it even harder,” said Lester Cruz, Chief Executive Officer of Singlife Philippines. “Protect from Funeral Costs allows you to prepare in advance and leave behind a final act of love, one that ensures your family can grieve without financial worry. It’s part of our mission at Singlife: to empower every Filipino toward financial independence—in life, and beyond it.”

Growing Suite of Protection in the Singlife Plan & Protect App

Protect from Funeral Costs joins Singlife’s best-in-class suite of affordable, mobile-first insurance and investment solutions. These include life insurance, medical cost protection, and investment-linked plans—all designed to put financial control directly in the hands of customers. Like booking a flight or managing a savings account, buying funeral protection can now be done anytime, anywhere.

With funeral expenses in the Philippines typically exceeding ₱200,000, Singlife’s latest product provides straightforward, flexible coverage in the face of a very real financial risk.

The Protection You Leave Behind

Protect from Funeral Costs provides a lump sum cash benefit that gives your family the flexibility to honor your final wishes in their own way. Whether it’s for a modest ceremony or a more elaborate farewell, your loved ones can decide how to use the money without being locked into a fixed package from a funeral service provider. The product was designed with key features to give customers a convenient and easy way to plan for their funeral expenses.

·       Customizable and affordable protection: You can choose coverage from ₱100,000 to ₱500,000. Premiums are pocket-friendly, starting at just ₱447 per month, with payment terms of just 5 or 10 years—and your coverage lasts until age 120.

·       Built-in Financial Needs Analysis: Not sure how much coverage you need? This feature helps you estimate how much your family may need based on your preferred funeral type, casket, memorial lot, number of viewing days, and expected guests. Since most people don’t realize how much a funeral can cost, this unique tool empowers you to plan ahead and ensure your family won’t be caught off guard. 

·       Yearly coverage boost*: Keep your policy active and enjoy additional coverage* each year at no extra cost, helping you stay ahead of inflation and rising funeral expenses.

·       Spouse and child coverage: Extend protection to your spouse or life partner under one plan. Starting from the second policy year, you also have the option to enroll your child for coverage at no extra cost—no need to buy a separate policy for them.

·       Waiver of premiums due to disability: If you become permanently disabled during your premium payment period, you won’t have to worry about future payments—your premium payments will be waived but your coverage will remain active and in force.

·       Cash value and loan access: Over time, your policy builds cash value, which you can borrow from starting in the fourth year—giving you extra financial flexibility when needed.

·       Immediate cash assistance: Your beneficiaries will receive 10% of the cash benefit in advance upon submission of the policyholder’s death certificate and beneficiary’s identity verification. This helps cover urgent funeral expenses while the remaining amount is released upon claim approval.

*Coverage boosts come from non-guaranteed dividends, and their performance depends on market conditions.

A Final Act of Protection. A Lifetime of Love.

In a country where insurance penetration remains below 2%, Singlife Philippines is challenging the status quo by offering simple, relevant solutions that meet Filipinos where they are—on their phones, and in real life.

With Protect from Funeral Costs, the company transforms what used to be a taboo topic into a powerful expression of love and foresight. Because even if you can’t be there, your protection still can be.

Protect from Funeral Costs is now available exclusively in the Singlife Plan & Protect App, downloadable on the App Store and Google Play. Check how much coverage you need using the financial analysis tool and get an instant ₱300 in Singlife Credits—free—to help jumpstart your journey to financial independence.

Because love doesn’t stop—even when life does.

Click here to learn more about Protect from Funeral Costs.

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Sun Life appoints Bianca Ilibasic as Managing Director, Sun Life Global Solutions

She will lead SLGS across India and the Philippines, providing strategic direction to multi-functional teams spanning Technology, Operations, Analytics, Actuarial, HR, Finance, and Risk & Compliance.

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Sun Life has appointed Bianca Ilibasic as the Managing Director for its global capability centre, Sun Life Global Solutions (SLGS). She previously served as Vice President & Chief Operations Officer, Sun Life Asia.

In her new role, Bianca will lead SLGS across India and the Philippines, providing strategic direction to multi-functional teams spanning Technology, Operations, Analytics, Actuarial, HR, Finance, and Risk & Compliance. Her mandate is to further scale SLGS as a high-impact, enterprise capability supporting Sun Life across 28 markets.

During her time in Asia, Bianca advanced straight-through processing, accelerated digital adoption, and shaped a forward-looking AI roadmap to drive business growth — strengthening shared platforms and enabling scalable outcomes.

Commenting on the appointment, Laura Money, EVP and Chief Information and Technology Innovation Officer, Sun Life, said, “Over the past four years, Bianca has been a driving force behind operational excellence and digital transformation, leading with clarity, courage, and a deep commitment to our Purpose. Advancing our AI roadmap and scaling impact across common platforms, Bianca has been consistently delivering results while building strong, empowered teams. She is a visionary, insights driven leader who brings energy, heart, and ambition to everything she does, and I could not be more thrilled to see her step into this role.”

Reflecting on the opportunity, Bianca added: “I am excited to begin this new chapter. Sun Life Global Solutions is more than a capability centre — excellence, innovation, and dedication are consistently demonstrated via brilliant, passionate teams across India and the Philippines who support our Purpose and our Clients every single day. What excites me most is the opportunity to build on our foundation and deepen partnerships, accelerate transformation, and relentlessly focus on outcomes that truly matter to our Clients.”

Bianca’s appointment marks a defining moment for SLGS, strengthening its role as both a strategic engine for enterprise value and a platform where empowered teams can shape what’s next for Sun Life. We look forward to everything Bianca and the SLGS team will achieve together.

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Manulife continues legacy of service in PH with Impact Week 2026

All five Manulife organizations in the Philippines—Manulife Philippines, Manulife China Bank Life Assurance Corporation (MCBL), Manulife Investment Management and Trust Corporation (MIMTC), Manulife Business Processing Services (MBPS), and Manulife IT Delivery Center (MITDC)—held activities that advanced environmental, educational, and social causes.

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Manulife hosted its inaugural Impact Week, a global volunteer initiative designed to strengthen well-being, build social connection and unite teams through purpose-driven community action.

All five Manulife organizations in the Philippines—Manulife Philippines, Manulife China Bank Life Assurance Corporation (MCBL), Manulife Investment Management and Trust Corporation (MIMTC), Manulife Business Processing Services (MBPS), and Manulife IT Delivery Center (MITDC)—held activities that advanced environmental, educational, and social causes.

“Manulife’s Longevity ambition is about helping people live longer, healthier, and more financially secure lives—and we believe that starts with strong, resilient communities,” said Rahul Hora, President and Chief Executive Officer, Manulife Philippines. “Impact Week brings this to life by mobilizing colleagues across our Philippine entities to volunteer at scale, working side by side with our community partners and reinforcing the shared purpose that strengthens long-term well-being. Through these collective actions, we are creating immediate impact and helping build a more sustainable and inclusive future for the communities we serve.”

Results and Highlights from Impact Week 2026

During Impact Week, more than 1,200 colleagues participated in volunteering activities, logging more than 4,700 volunteering hours. 

Beyond the numbers, Impact Week strengthened connection across teams, bringing colleagues together around shared purpose and reinforcing a culture of inclusion.

  • Ongoing tripartite impact: As part of a tripartite collaboration with the Corazon Sanchez Atayde Memorial Foundation (CSAMF) and Haribon Foundation—combining Manulife’s community investment commitments, CSAMF’s financial literacy program, and Haribon’s biodiversity and environmental work—Manulife Philippines, Manulife China Bank Life (MCBL), and Manulife Investment Management and Trust Corporation (MIMTC) led the on-ground activities in Infanta, Quezon Province.
  • Supporting financial resilience through Peso Smart: Volunteers supported Peso Smart Pinoy (PSP) through challenge-based activities in Brgy. Alitas, Infanta, culminating in a graduation ceremony recognizing PSP participants and their progress toward greater financial confidence. Peso Smart is a financial literacy program that has reached more than 4,000 learners across 18 schools nationwide since 2017,
  • Contributing to a healthier planet: Volunteers, together with Haribon Foundation and the Alitas Farmers Folks Association (AFFA), planted 2,500 mangrove seedlings, advancing the Ridge-to-Reef Reforestation Initiative and adding to Manulife and Haribon’s total of more than 31,000 trees planted since 2023.
  • Prioritizing health and well-being: Volunteers partnered with Rise Against Hunger Philippines and Waves for Water Philippines to support food security and water, sanitation, and hygiene initiatives. Together, they packed 17,700+ rice meals, rescued 1,200+ kg of surplus food, distributed 500 hot meals, produced 3,300 mushroom bags for livelihoods, assembled 150 water filtration kits, and developed 100+ concepts for food bank and mobile kitchen initiatives.
  • Supporting community education: MITDC delivered its Code4Future program to 28 young learners from St. Martin de Porres Kid’s Home—using coding and creativity to build problem-solving skills and digital confidence.

Extending Impact Together

In addition to the company organized activities, individual colleague teams across the Manulife organizations were supported in leading their own volunteer initiatives with local non-profit partners. For each eligible team-led initiative, Manulife provided a $1,000 donation to the partner organization, extending the reach of Impact Week.

“The most meaningful work is often personal. At Manulife, volunteerism grows when people are trusted to lead on the causes they care about,” said Ardhi Siregar, Chief People Officer, Manulife Philippines. “That’s why we empowered our teams to identify a community impact need, choose a local non-profit partner to collaborate with, and lead the effort themselves—with team grants helping extend that impact through added support where it matters most. That sense of ownership and purpose is what fuels deeper engagement and inspires our colleagues to drive impact that endures.”

With more than 13,000 volunteering hours logged across all Philippine entities in 2025, Impact Week 2026 reflects Manulife’s growing culture of service in the communities where it operates and stands to make a difference.

Volunteering: A Longevity Driver Impact Week aligns closely with the work of the Manulife Longevity Institute, a global research, thought leadership, innovation, advocacy, and community investment platform that will help people thrive at every age. The Institute’s work will support Manulife’s Impact Agenda strategy as our always-on commitment to drive better outcomes for our customers, our communities, and the world we share. We believe collective action can accelerate change and, by collaborating with like-minded partners, we can make a meaningful impact.

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Manulife launches GoalReady health solutions

GoalReady for Health combines investment-linked savings with critical illness and life protection—helping customers build their funds while protecting their goals if a serious illness strikes.

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Manulife Philippines and Manulife China Bank Life (MCBL) today announced the launch of Manulife GoalReady for Health, an investment-linked savings plan with comprehensive critical illness and life insurance coverage.

GoalReady for Health combines investment-linked savings with critical illness and life protection—helping customers build their funds while protecting their goals if a serious illness strikes. Designed for Filipinos who want to stay on track with their long-term goals, it helps manage the potential financial disruption caused by health setbacks.

As more Filipinos plan for longer lives, staying on track with their life goals increasingly means being prepared for rising healthcare costs, prolonged illness, and the financial strain health setbacks can place on families. The plan addresses the growing gap in financial preparedness for health emergencies among Filipinos. The recent Manulife Asia Care Study revealed that about four in five Filipinos believe their financial wellbeing has great impact on their health span (both physical and mental) and lifespan.

The financial stakes are steep: A study on the economic impact of cancer in the Philippines found that Filipino patients spend an average of ₱181,789 out-of-pocket within the first year of diagnosis, highlighting the significant financial burden of treatment. Yet Filipinos remain financially underprepared for these possibilities. According to latest data from the Philippine Statistics Authority, Filipinos’ household out-of-pocket for medical expenses stood at 42.7%, while a recent Manulife study found that 33% of Filipinos feel they have insufficient insurance coverage.

GoalReady for Health enables customers to build a dedicated pool of savings for future health needs through professionally managed, investment-linked fund options designed to support long-term goals. At the same time, it provides built-in critical illness protection, helping customers stay on track with their plans even when a serious health event occurs.

“Many Filipinos work hard to build toward their goals, but a serious illness can quickly turn years of progress into an unexpected financial burden. Manulife GoalReady for Health brings together critical illness protection and investment-linked savings for future health needs, helping customers stay financially prepared while protecting what they’ve worked hard to build,” said Rahul Hora, President and Chief Executive Officer, Manulife Philippines.

“With Manulife GoalReady for Health, we want Filipinos to move forward with confidence, knowing that a health shock need not become a financial setback—so they can focus on recovery while keeping their savings and life goals on track, and live better for longer,” Hora added.

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