OTIP announces health, dental, and travel group benefits contract with Manulife Financial

    WATERLOO, ON, Feb. 17 /CNW/ - Today, Vic Medland, President of Group
Insurance Services, Ontario Teachers Insurance Plan (OTIP) announced that
Manulife Financial has been named to provide health, dental and travel
protection to their members. This unique administration solution complements
OTIP's existing association with Manulife Financial to provide life and long
term disability protection to OTIP's members.
    "OTIP is known for its commitment to providing its members with quality
insurance benefits and advice for the best value," said Medland. "We seek out
business partners that share that dedication and are pleased to continue our
association with Manulife for that reason."
    "Our relationship with OTIP dates back over 28 years," said Rick Brunet,
Executive Vice President with Manulife's Group Benefits area. "So we
appreciate the renewed commitment that this announcement represents. Manulife
has developed a great deal of expertise in the unique benefits needs of the
educational sector, and we're delighted to be able to continue providing our
support to the 140,000-plus members of OTIP."

    About OTIP

    For more than 30 years, OTIP has been providing tailored insurance
products and solutions for Ontario's education employees and their families.
OTIP is a non-profit organization directed by a Board of Trustees comprised of
two representatives from each of the Ontario education affiliates (AEFO, ETFO,
OECTA, OSSTF). OTIP is a leading provider of insurance products, serving more
Ontario education employees than any other provider. For more information,
please visit our Web site at www.otip.com.

    About Manulife

    Manulife Financial is a leading Canadian-based financial services group
serving millions of customers in 19 countries and territories worldwide.
Operating as Manulife Financial in Canada and Asia, and primarily through John
Hancock in the United States, the Company offers clients a diverse range of
financial protection products and wealth management services through its
extensive network of employees, agents and distribution partners. Funds under
management by Manulife Financial and its subsidiaries were Cdn$405 billion
(US$330 billion) as at December 31, 2008.
    Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE,
and under '945' on the SEHK. Manulife Financial can be found on the Internet
at www.manulife.com.

    About Manulife Group Benefits

    Manulife Group Benefits offers plans to complement and supplement
provincial health plans, Workers' Compensation, CPP/QPP, and other programs.
    More than 16,000 Canadian businesses have entrusted their employee
benefit programs to Manulife Group Benefits. We provide coverage for
businesses of all sizes, from two employees to Canada's largest employers. An
industry leader in electronic services and transactions, Group Benefits
provides a broad range of coverage including health and dental care, emergency
travel assistance, short and long term disability, group critical illness,
absence management services and wellness products, flexible benefits plans,
life insurance, accidental death and dismemberment coverage, and optional

For further information:

For further information: Media contacts: Pamela Youngberg, OTIP, (519)
884-9907 ext. 2603, pyoungberg@otip.com; Jasmine Mangalaseril, Manulife
Financial, (519) 594-4185, jasmine_mangalaseril@manulife.com

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