Manulife Philippines said is extending the payment period for policy holders who were affected by the Taal Volcano eruption.
The insurance company said this would apply to policy holders in Batangas province, Sta. Rosa City in Laguna province and Tagaytay City, Alfonso City and Cavite City in Cavite province.
It said customers from the affected areas would be given an extended payment grace period of 91 days for all life insurance policies issued and assumed by Manulife Philippines, Manulife China Bank Life Assurance Corp. and Manulife Financial Plans Inc. pension and education plans whose due dates fall between Dec. 12, 2019 and Feb. 12, 2020.
“We stand with all Filipino families impacted by this natural disaster. We will continue to closely monitor the situation and continue to look for ways to help make decisions easier and lives better for those affected,” said Manulife Philippines president and CEO Richard Bates.