Manulife Singapore courts high-net-worth individuals

An increasing number of Asians seem to be seeking wealth protection as opposed to wealth generation, thanks both to losses suffered during the recent crisis and their growing investment experience and sophistication. In a move that seeks to capitalise on this trend, the Singapore branch of Canadian insurer Manulife last week launched its first universal life policy for the Asian market. Heritage is dollar-denominated and designed as an asset-management, asset-diversification and wealt…