Firm reaches more Pinoys in financial literacy project

In this undated photo courtesy of the Manufacturers Life Insurance Co. shows people involved in the insurer’s financial literacy program.

THE Manufacturers Life Insurance Co. (Manulife) announced recently that its financial literacy program is expanding to benefit 300 students from six schools in Pasig, Makati, Baguio and Albay.

This marks the first time that the program will reach Filipino students beyond the National Capital Region, “teaching them smart money habits and helping enrich financial knowledge and behaviors at a young age,” the insurer’s statement read.

The insurer explained it started the program two years ago in partnership with a nonprofit group. The firm said the program “aims to equip students with learning kits.” These kits, the company added, include an activity journal based on Manulife’s modules that “teach children the basics of saving, budgeting and investing.”

In addition, the wholly-owned domestic subsidiary of Manulife Financial Corp. (MFC) said its employees will train volunteer teachers and parents so they can guide the students’ learning progress even while at home.

As of 02:50 p.m. of January 13, 2022, the share price of Manulife’s holding firm MFC hit a high of P950 and a low of P946.50 after opening trade at P946.50. Manulife didn’t say how much it is spending for the program.

The company said for school year 2021 to 2022, the program would include students from the following: Bambang Elementary School; Buting Elementary School and Francisco Legaspi Memorial School in Pasig; Pembo Elementary School in Makati; Guisad Valley National High School in Baguio; and, Gubat Elementary School in Albay. The firm said it has expanded the program after running it during the 2020-to-2021 school year at two public elementary schools in Pasig City: Francisco Legaspi Memorial School and Buting Elementary School wherein a hundred students participated.

Manulife said its program was a series of face-to-face weekend classes dedicated to teaching the value of saving and investing to Grade 6 elementary students. It added people involved tweaked the program “to address the demands of remote learning.”

Image credits: The Manufacturer s Life Insurance Co.

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