What is Manulife Asia Care Survey?
Started in 2020, Manulife’s Asia Care Survey is an annual research study that explores the evolving behavior, sentiments and priorities of people from eight markets in Asia (Mainland China, Hong Kong, Indonesia, Japan, Malaysia, Philippines, Singapore, and Vietnam) against the backdrop of volatile economic and sociopolitical realities that impact their financial goals, aspirations and overall well-being.
This year, the Asia Care Survey aims to understand the 10-year outlook of Filipinos on their physical, mental and financial well-being amid threats of inflation, rising prices and cost of living, and rising healthcare costs, and how they navigate these challenges so they can meet their financial and health goals. More than 1,000 respondents from the Philippines were surveyed to provide insights into where economic challenges were most felt. The survey results also inform our strategy so we can continue to help customers achieve their envisioned future through innovative and relevant insurance and investment solutions.
First, let us show you how Filipinos we have surveyed feel about their future.
Goals vs. Expectations
(A 10 - Year Outlook)
MyFuture Readiness Index indicates that Filipinos are less confident that they wil achieve their desired levels of physical, mental, and financial well-being in the future.
They are least confident about being financially ready.
Let's take a deeper look to understand why.
Top 5 Feared Illnesses
Why Filipinos are less confident about their physical well-being
42% Diabetes
34% Stroke
31% Cancer
26% Flu and pneumonia
Top 5 Worries
Why Filipinos are less confident about their mental well-being
47% Anxiety
39% Depression
35% Sleep Disorders
23% Loneliness
How can I take better care of myself?
The best time to invest in health protection is now.
For many Filipinos, taking care of one’s health also means taking care of your finances. When you start to invest in life and health protection, you can achieve financial security and peace of mind. As economic challenges can impede progress to achieve financial goals, there are also risks and uncertainties that need to be considered.
Critical illness risk. Genetics, the environment, the stresses of modern living, and even binge-eating, may conspire to put everyone at risk for various critical illnesses. A relatively young age does not guarantee protection. For Filipinos, coronary heart diseases, tumors, and cerebrovascular conditions are the top health and mortality risks, according to the Philippine Statistics Authority (PSA).
Weakened social safety nets due to economic uncertainties. Most Filipinos rely on health maintenance organization (HMO) plans and government-subsidized health insurance programs for their protection. However, with economic uncertainties causing medical inflation to soar to as high as 12-13%, Filipinos need more resources to cover the rising costs of hospital and medical treatments.
To address these and help make it easier for Filipinos to boost their health and life protection, Manulife offers various health and life insurance solutions that enable customers to personalize health coverage while protecting themselves and their loved ones.
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