Sun Life Hong Kong plans to support migrant domestic workers in Hong Kong with financial literacy.
The insurer will donate HK$200,000 ($25,74025,74025740)to non-profit organisation Uplifters to provide financial literacy to migrant domestic workers through online education and community support. The funding will contribute to support Uplifters' flagship 'Dare to Dream' programme, providing financial literacy education to approximately 1,000 migrant domestic workers per year in Hong Kong.
This initiative comes in response to findings from Sun Life's latest survey, 'Women's Wealth: Building Confidence and Security', which revealed that 44% of mothers in Asia experience stress from balancing the needs of their children and parents. For migrant domestic workers in Hong Kong, who often support families abroad, the financial and emotional burden is particularly significant.
Uplifters' 'Dare to Dream' programme is a free comprehensive online course focusing on money management, personal development and mental well-being. Since its launch in 2018, over 10,000 migrant domestic workers have enrolled, joining a thriving community of 14,700 members. The programme equips participants with the tools to set financial goals, manage their money effectively, and improve their overall mental health.
With approximately 350,000 migrant domestic workers in Hong Kong, many lack access to financial security beyond basic health and injury coverage. Mandatory insurance does not extend to their families or potential loss of income. Sun Life's donation will contribute to enable Uplifters to expand its reach, offering financial literacy courses to migrant domestic workers in Hong Kong and fostering greater awareness of the importance of financial planning.
Sun Life Asia chief client and distribution officer David Broom said that the 'Dare to Dream' programme offers comprehensive financial education and practical resources, empowering participants to pursue their financial aspirations with confidence. “This initiative aligns perfectly with our broader commitment to addressing the financial challenges faced by diverse communities across Asia and reinforces our ongoing efforts to develop and implement impactful financial literacy programmes that create lasting positive change," he said