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S&P Global Market Intelligence presents a weekly roundup of product updates and coverage initiatives in the insurance industry from across the globe.
Life and health
Manulife Hong Kong introduced two critical illness plans, ManuPrimo Care and ManuPrimo Care.
The products provide coverage to customers diagnosed with 121 critical illnesses up to the age of 100. Coverage also includes stays in intensive care units, even from unknown diseases.
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Aflac Inc. rolled out Aflac Final Expense Whole Life Insurance and Aflac Medicare Supplement Insurance in the U.S.
The products, underwritten by Tier One Insurance Co., are part of a portfolio of supplemental coverage options for customers who cannot access Aflac products through the workplace.
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Investors Heritage updated its fixed index annuity, Heritage Growth Advantage.
The company is adding two new indexes to the product, pending approval in California, and making an enhanced income benefit rider available in the state. The company is also...