Manulife Myanmar
- Company typePrivate
- Founded2019
- HeadquartersYangon, Myanmar (Burma)
- Headcount51–100
- GTM typeB2C
- OfferingServices
Manulife Myanmar firmographics
Firmographics- Name
- Manulife Myanmar
- Legal name
- Manulife Myanmar Life Insurance Company Limited
- Website
- https://manulife.com.mm
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Ownership category
- akta.pro rank
Manulife Myanmar industry classification
Industry- Product category
- Life Insurance
- NAICS
- Direct Life Insurance Carriers (524113)
- SIC
- Life Insurance (6311)
- akta.pro primary industry
- Whole Life Insurance (FSAIABAA)
- akta.pro secondary industry
- Level Term Life Insurance (FSAIAAAA)
Keywords
Where Manulife Myanmar is headquartered
LocationHeadquarters
- HQ city
- Yangon
- HQ country
- Myanmar (Burma)
- HQ region
- Asia
Offices4 records
Markets served
Manulife Myanmar business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Others
Revenue model
- Life Insurance Premiums: Recurring premium payments from life insurance policies including term life, whole life, and endowment products. Premiums can be paid monthly, quarterly, semi-annually, or annually.
- Critical Illness Rider Premiums: Additional premium charges for critical illness coverage riders attached to base life insurance policies
- Loyalty Program Services: Partnership-based loyalty program offering discounts and deals from partner organizations to policyholders
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Manulife Care Plus - Myanmar's first life insurance covering chronic diseases with savings component |
| Subscription | Annual | Manulife Protector - Life insurance with death/TPD coverage and maturity benefits |
| Subscription | Pay-as-you-go | Credit Life Protector - Low-premium loan protection insurance for uab bank customers |
| Subscription | Annual | Critical Illness Care - Rider attached to Manulife Protector |
Go-to-market motion3 records
Distribution channels5 records
Marketing channels5 records
Manulife Myanmar product offering
Product offeringCore offering
Manulife Myanmar sells life insurance and financial protection products to individual consumers and families in Myanmar. Its portfolio includes term and whole-of-life plans with death, total permanent disability, and maturity benefits, education savings plans, chronic-disease coverage life insurance, critical illness riders, and loan protection insurance distributed through insurance advisors, bancassurance with uab Bank, and digital channels.
Product overview
Manulife Myanmar is a life insurance company offering a portfolio of protection and savings products through an agency distribution network. The core product lineup includes Manulife Protector (life insurance with death/TPD coverage and savings), Manulife Education Life (education-focused savings), Manulife Care Plus (chronic disease coverage with bonus returns), Manulife Thaw Ka Kinn Way (accident-focused protection), and Manulife Credit Life Protector (loan protection). These are complemented by rider modules including Manulife Critical Illness Care and Manulife Enhanced Critical Illness which attach to base plans. The Manulife Community Club provides a loyalty program with partner discounts, while the Customer Website offers digital account management. Premium payments are accepted through multiple digital payment integrations including AYA Pay, KBZ Pay, CB Pay, uab Pay, Wave Pay, and bank channels.
Differentiator
Problem solved
Functional benefit
Brands
- Manulife Community Club: A loyalty program designed to offer priority access, personalized services, and exclusive care benefits to Manulife policyholders. Provides premium healthcare access, wellness programs, and special promotions through partnerships with hospitals, lifestyle, and travel providers.
- Customer Website
Products and services
- Manulife Protector Life insurance plan providing financial protection against death and total permanent disability with 200% face amount coverage plus additional 200% for accident-related causes, plus maturity benefit and cash value accumulation over flexible 10-year or 20-year terms, for individuals and families seeking long-term protection and savings.
- Manulife Education Life Education-focused life insurance providing financial support for children's future education through 20% of sum insured paid annually as education benefits, waiver of premium on disability or death of the policyholder, and a double benefit option, with flexible 9, 11, or 14-year plan terms, targeted at parents and guardians planning for their children's educational expenses.
- Manulife Care Plus Myanmar's first life insurance covering chronic diseases with a savings component and bonus return for healthy lifestyle, providing up to 200% face amount for death or total permanent disability, maturity benefit as savings, and accelerated health benefits for hospitalization and chronic disease support, with policy terms of 5 or 10 years and minimum sum insured of MMK 1,000,000, targeted at health-conscious individuals seeking chronic disease protection combined with savings.
- Manulife Thaw Ka Kinn Way Life insurance plan providing protection against financial loss upon death, total permanent disability, or personal accidents, with up to 200% face amount coverage, Silver and Gold package options, accidental dismemberment coverage, and optional return of premium benefits, for individuals seeking accident-focused protection.
- Manulife Credit Life Protector Low-premium loan protection insurance designed for uab bank customers covering mortgage, personal, and business loans, providing coverage against total permanent disability or death before loan payoff with single premium payment and minimum sum insured of MMK 3,000,000, targeted at bank loan borrowers seeking to protect their families from the burden of unpaid debt.
Quantifiable outcome
- 200% of face amount paid in case of death or TPD under Manulife Protector
- +2 more outcomes
Companies that use Manulife Myanmar
Customer profileNamed customers3 records
Segments4 records
Ideal customer profiles2 records
Manulife Myanmar technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration8 records
Feature3 records
Manulife Myanmar partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core and minor.
- AYA SOMPO InsurancecoreStrategic collaboration to deliver holistic customer solutions in Myanmar. Combined insurance offerings to provide comprehensive coverage to customers.
- uab BankcoreBancassurance partnership where uab Bank distributes Manulife Credit Life Protector to their mortgage loan, personal loan, and business loan customers. Provides loan protection and peace of mind to bank customers.
- Granthar International HospitalminorHealthcare partner in Manulife Community Club providing premium healthcare access including private lounge, OPD consultations, and medical checkup services to policyholders.
- Pun Hlaing HospitalminorHealthcare partner providing health checkup packages, ambulance service, and emergency services to Manulife Community Club members.
- VEJTHANI International Hospital (Bangkok)minorInternational healthcare partner in Thailand providing extra care services to Manulife Community Club members seeking treatment abroad.
- PHYATHAI Hospital (Thailand)minorInternational healthcare network in Thailand with multiple locations offering discounts on rooms, medications, and health check-up packages.
- City RewardsminorLifestyle partner providing City Rewards points to Manulife Community Club members across multiple cities in Myanmar.
- Wyndham Grand Yangon HotelminorHotel partner providing discounts on restaurant and room rates for Manulife Community Club members.
Scale indicators6 records
Recent moves8 records
Expansion highlights5 records
Manulife Myanmar competitors and assessment
Company assessmentBroad incumbents
- Chubb Life Insurance: Chubb operates a global life insurance business across Asia with focus on protection-oriented life and health products. Comparable to Manulife Myanmar in product emphasis on protection and on emerging-Asia market entry patterns.
- Sun Life Financial Asia: Sun Life is a global insurance and asset management peer with significant Asian operations (Hong Kong, Philippines, Indonesia, India). It is comparable to Manulife in product mix (life, health, wealth) and bancassurance-led distribution in growth-Asia markets.
- Tokio Marine Life Insurance: Tokio Marine is a Japanese-headquartered global insurer with a sizable Asian life insurance business, including bancassurance and agency distribution. Comparable to Manulife in traditional life/insurance product structure and Asian market approach.
- Allianz Life Insurance Asia: Allianz is a global broad incumbent insurer offering life, health, and accident products across Asia. Comparable to Manulife in product breadth and brand strength, though typically via wider product portfolios and broader geographic reach.
Direct peers
- Prudential Myanmar Life Insurance: Prudential Myanmar is a foreign-affiliated life insurer operating in Myanmar with similar agency-led distribution and product offerings (term, endowment, health riders). It is the closest direct competitor to Manulife Myanmar in the same market, serving the same expatriate and rising-middle-class customer base.
- AYA SOMPO Insurance Myanmar: AYA SOMPO is a strategic partner of Manulife Myanmar but also a competitor in the broader Myanmar insurance market, offering general and some life-related coverage. Its deep local roots via AYA Bank and Japanese backing (Sompo) make it a directly comparable player in Myanmar insurance.
- AIA Myanmar: AIA Myanmar is another major international life insurer competing directly with Manulife in Myanmar with comparable products (life protection, health, accident) and agency/bancassurance distribution. It is one of the most direct competitors in the same product category and target segments.
Regional players
- Great Eastern Life Myanmar (if present) / Great Eastern Holdings: Great Eastern is a Southeast Asian life insurance group with traditional agency-led distribution and similar life/health/protection products. It is comparable to Manulife Myanmar in customer base (middle-class families) and product structure across ASEAN markets.
- MetLife Vietnam: MetLife operates in Asian emerging markets with comparable life protection, savings, and accident/health products distributed through agency and bancassurance. Manulife Myanmar's new CEO Gaurav Sharma previously led BIDV-MetLife in Vietnam, illustrating the management/category overlap.
Emerging players
- FWD Life Insurance Cambodia: FWD Group is a pan-Asian digital-first life insurer with a presence across ASEAN including select markets adjacent to Myanmar. Comparable in focus on digital distribution, simplified-issue life products, and emerging-market bancassurance. Has signaled expansion interest in frontier ASEAN markets.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Manulife Myanmar social profiles
Digital presenceManulife Myanmar financial estimates
Financial estimateRevenue estimate
Valuation estimate
Manulife Myanmar leadership team
Management profileNumber of profiles
Profiles10 records
Manulife Myanmar funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Manulife Myanmar M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Manulife Myanmar
What does Manulife Myanmar do?
Manulife Myanmar sells life insurance and financial protection products to individual consumers and families in Myanmar. Its portfolio includes term and whole-of-life plans with death, total permanent disability, and maturity benefits, education savings plans, chronic-disease coverage life insurance, critical illness riders, and loan protection insurance distributed through insurance advisors, bancassurance with uab Bank, and digital channels.
Is Manulife Myanmar a public or private company?
Manulife Myanmar is a private company. It is classified as corporate owned and is currently operating.
When was Manulife Myanmar founded?
Manulife Myanmar was founded in 2019. It employs 51 to 100 people.
Where is Manulife Myanmar based?
Manulife Myanmar is headquartered in Yangon, Myanmar (Burma), in the Asia region.
How does Manulife Myanmar make money?
Three revenue lines are on record. Life Insurance Premiums are the primary driver. The others are critical Illness Rider Premiums and loyalty Program Services.
Who are Manulife Myanmar's main competitors?
Broad incumbents on record are Chubb Life Insurance, Sun Life Financial Asia, Tokio Marine Life Insurance and Allianz Life Insurance Asia. Direct peers are Prudential Myanmar Life Insurance, AYA SOMPO Insurance Myanmar and AIA Myanmar. Regional players are Great Eastern Life Myanmar (if present) / Great Eastern Holdings and MetLife Vietnam. FWD Life Insurance Cambodia is listed as an emerging player.
Does Manulife Myanmar have an API?
No public API is recorded for Manulife Myanmar.
What industry is Manulife Myanmar in?
Manulife Myanmar's product category is Life Insurance. Its primary akta.pro industry code is FSAIABAA, Whole Life Insurance, with a secondary code of FSAIAAAA, Level Term Life Insurance. Its NAICS code is 524113 and its SIC code is 6311.