A recent survey by Manulife Asia Care Survey 2024 has found that nearly 80% of Filipinos are seeking to increase their insurance coverage and benefits due to the rising costs of goods and services, including healthcare. The survey of 1,050 Filipinos revealed that 78% of respondents believe an insurance coverage increase is necessary as hospitalization and medical expenses continue to rise due to inflation. Furthermore, 76% of respondents feel that their employer-provided health benefits are insufficient, leading to a desire for supplemental retirement and pension benefits. The survey highlights the growing concern among Filipinos about the rising cost of living and their future well-being.
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