DBS Bank (Hong Kong) and Manulife (International) will jointly donate HK$1m (US$127,475) to the Hong Kong Hospital Authority’s Oasis Centre for Personal Growth & Crisis Intervention to mark 10 years of their bancassurance partnership, the two companies said on Monday.
Oasis, the Hospital Authority’s Centre for Personal Growth & Crisis Intervention, was set up under the authority’s Corporate Clinical Psychology Services to promote psychological wellness and provide mental health support to its workforce.
The donation celebrates a milestone for the partnership, which has seen annualised premium equivalent (APE) sales through DBS Hong Kong’s bancassurance channel rise more than 400% since its launch a decade ago, the companies said.
Over the years, the two organisations have expanded their suite of insurance, protection and wealth legacy solutions to meet evolving customer needs across different life stages, DBS said.
According to DBS, Hong Kong’s long-term insurance business continues to demonstrate strong demand, while wealth protection and retirement planning remain key priorities for individuals navigating a more complex economic environment.
Sebastian Paredes, DBS Hong Kong’s head of North Asia and CEO, said the two partners are proud to extend their impact “beyond financial services”.
Wilton Kee, CEO of Manulife Hong Kong and Macau, added that they “are honoured to support an initiative that promotes the wellbeing of Hong Kong’s healthcare workforce.”
