Amid the anxiety and disruption caused by the COVID-19 pandemic, a new survey by Manulife noted that people with insurance policies in Hong Kong are adopting healthier lifestyle habits to improve their physical health and mental wellbeing. They are also showing far greater willingness to embrace digital technology in their daily lives.
All Hong Kong respondents in the ‘Manulife Asia Care Survey’ also expressed concern about the pandemic’s long-term impact on the local economy and their wealth.
The survey, which was conducted in late May, covered 2,400 insurance owners across eight markets including 300 respondents in Hong Kong. The survey takes a closer look at the pandemic’s long-term impact on local economies, personal wealth and insurance buying habits.
From survey findings, Manulife Hong Kong CEO Damien Green sees a far more discernible health consciousness among the public in the territory and Macau than before especially for those who are insurance owners.
Thirty-five percent of survey respondents found ways to be more physically healthy and 31% have started to keep track of their mental health status since the onset of COVID-19.
The growing appetite for a healthier and more active lifestyle is seen to be immensely important given the rising cost of healthcare and the need for Hong Kong’s local health services to meet increased demand from an ageing population.
Alongside their desire to get fitter, 34% of the respondents in Hong Kong said the pandemic had caused them to review and manage personal finance more often than before the COVID-19 outbreak and most of them will continue to do so in the next 18 months. Much of this active personal finance management is being done online.
“The survey findings also support the development of more digital platforms and tools for the Hong Kong people as the use of digital has risen dramatically during the COVID-19 outbreak,” said Mr Green.