HSBC Term Protector
Your premiums are guaranteed not to change for the first 10 years. Term life.
Future premiums shown above beyond year 10 are based on our current set of rates. They may change, and are for illustrative purpose only. We will notify you of each premium adjustment before they take effect.
Premium Illustration does not include levy amount.
Levy collected by the Insurance Authority will be imposed on this policy at the applicable rate. For further information, please visit our website www.hsbc.com.hk/insurance/important-information or contact HSBC Insurance Service Hotline on (852) 2583 8000.
Promotional offer, if any, are not included in the above illustration.
In the unfortunate event of your death while being covered by this product, your beneficiary(ies) will receive a lump sum cash payment equal to the Sum Insured footnote 2 amount of your Policy. The maximum cover footnote 3 for this product is HKD 5,000,000. If you are looking for a term life insurance product that offers a higher protection amount, we have another product "Privileged Term Protection Plan" which might cater for your needs. For more details, please refer to the relevant product brochure.
Guaranteed level premiums
Your monthly premiums remain level for the first 10 years. Afterwards, the premiums will be adjusted every 10 years until your Policy ends.
This product can cover you up to the Age footnote 4 of 80, even if the state of your health changes.
Payment of the premiums can be settled by HSBC bank account or HSBC credit card.
End Notes Select to Expand Select to Collapse
2 The total Sum Insured of all the pending and in force applications or policies issued under HSBC Life (International) Limited for each Life Insured subject to the simplified underwriting requirements shall not exceed HKD5,000,000 (for Life Insured aged 50 or below) or HKD2,500,000 (for Life Insured aged above 50). The Death Benefit equals to the Sum Insured less outstanding premiums (if any). The Company reserves the right to accept or reject any applications for the Plan based on the information provided by the Life Insured during application.
3 The premium adjustment will be determined in accordance with the Company’s prevailing rate table applicable to this class of Policy and the Insurance Age of the Life Insured at the time of adjustment. Any change in premium rate is based on factors including but not limited to medical inflation, changes in medical practice and actual claim experience at the time of adjustment. A notice of such premium adjustment will be sent to the Policyholder prior to it taking effect.
4 The policy anniversary at which the Life Insured reaching 80 based on age at next birthday.
5 The new policy must be a prevailing product determined by the Company at the time of policy conversion and its conversion will be subject to prevailing regulatory and the Company’s requirements. Please refer to Policy Provisions for detailed terms and conditions.
6 Age means your age at next birthday.
7 If you cancel the Policy or the Policy is lapsed or terminated for any reasons, you will not get back the premium you have paid.
HSBC Term Protector (the “Plan”) is underwritten by HSBC Life (International) Limited ("the Company") which is authorised and regulated by the Commissioner of Insurance of the Hong Kong SAR. The Hongkong and Shanghai Banking Corporation Limited (referred to as "HSBC") is an insurance agent authorised by the Company. Your benefit is subject to the credit risk of the Company. Your premiums paid will form part of the Company's assets. You do not have any rights or ownership over any of those assets. Your recourse is against the Company only. This product is a product of the Company but not HSBC and it is intended only for sale in the Hong Kong SAR.
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Please refer to the respective product brochure for detailed features and the Policy Provisions for the detailed terms and conditions.
HSBC Life (International) Limited is incorporated in Bermuda with limited liability, and is one of the HSBC Group's insurance underwriting subsidiaries.