Emerging risks | Growth Opportunities | APAC Insurance

Thursday, March 13, 2025

Emerging risks | Growth opportunities | APAC insurance

Thursday, 13 March 2025

Sun Life Hong Kong enhances financial literacy initiatives for migrant domestic workers

The insurer has donated HK$200,000 to Uplifters to support its “Dare to Dream” financial literacy programme.

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Sun life hong kong enhances financial literacy initiatives for migrant domestic workers

Sun Life Hong Kong has announced a HK$200,000 (US$25,746) donation to Uplifters, a non-profit organisation focused on financial education and personal development for migrant domestic workers. The funding will support Uplifters’ “Dare to Dream” programme, which provides online financial literacy courses to approximately 1,000 participants annually.

The initiative follows findings from Sun Life’s “Women’s Wealth: Building Confidence and Security” survey, which highlighted financial stress among women in Asia. The study found that 44% of mothers in the region struggle with financial pressures while supporting both children and parents. Migrant domestic workers in Hong Kong face similar challenges, often remitting money to families abroad while managing their own expenses.

Since its launch in 2018, “Dare to Dream” has enrolled more than 10,000 migrant domestic workers in financial management and personal development courses. Uplifters reports that 86% of participants have experienced positive changes in their financial habits and overall well-being after completing the programme.

David Broom, Chief Client and Distribution Officer of Sun Life Asia, said the programme aligns with broader efforts to enhance financial education: “The ‘Dare to Dream’ programme provides financial education and practical tools to help participants manage their money effectively. This initiative supports financial literacy efforts across Asia, particularly in Hong Kong, Indonesia, and the Philippines.”

Marie Kretz Di Meglio, Founder and CEO of Uplifters, also said the funding will help sustain their initiatives: “Sun Life’s support allows us to continue providing financial literacy education to migrant domestic workers. Our aim is to equip them with the knowledge and skills to manage their finances and improve their overall well-being.”

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