When to get life insurance. Life Insurance Products, HSBC HK

HSBC Cancer Term Protector - Guaranteed premiums unchanged for first 10 years

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Underwritten by HSBC Life (International) Limited

HSBC Term Protector

Easy and cost effective term life insurance.

Get your instant quote & protect your loved ones in just 5 minutes.

HSBC Term Protector is underwritten by HSBC Life (International) Limited.

Love bonds us all

Love is what makes every relationship everlasting. Whether it is our loving grandparents, devoted cohabitants, selfless step parents or committed partners, insurance is an act of love we all deserve.

HSBC Insurance believes in a society that's evolving and displaying commitment in diverse ways. We now officially expand and communicate the range of acceptable beneficiaries of its life insurance policies at application stage - giving your loved ones the best kind of security.

Cancer is one of the most common critical illnesses in Hong Kong with new cases rising at an alarming rate*. Be prepared with a combined Cancer and Life Insurance Policy from HSBC Life.

HSBC Cancer Term Protector provides you additional financial resources should you get Cancer or pays your family in the unfortunate event that you pass away.

This is a term life insurance plan with no savings element underwritten by HSBC Life (International) Limited.

Key Features:

If you get Early Stage Cancer footnote 34 or Carcinoma-in-situ (‘CIS’) footnote 34, access up to 20% of your Sum Insured and pay no more premiums

Premium payments are fixed for the first 10 years and will be adjusted every 10 policy years

Get a quote and apply online in less than 5 minutes

Grow your wealth for a better tomorrow

It’s never too early to start planning for your future, whether you’re focused on saving for a comfortable retirement or simply want to grow your wealth.

The HSBC Wealth Goal Insurance Plan is a whole of life insurance plan underwritten by HSBC Life (International) Limited.

Key Features:

An opportunity for long-term capital growth

Life protection coverage up to Age footnote 29 99 with Supplementary Benefits

A choice of premium payment terms denominated in US dollars

a Policy Value Management Option footnote 30, footnote 31 to lock-in a portion of your policy value when you need more certainty

Note: HSBC Wealth Goal Insurance Plan is not equivalent or similar to any kind of deposit.

Plan for you and your family’s future with our life insurance plan with a savings element. This plan enables you to achieve your goals by providing you comprehensive lifetime cover and guaranteed long-term savings.

This is a whole of life insurance plan underwritten by HSBC Life (International) Limited.

Why choose WholeLife Protection Plan?

Life insurance protection upto the age of 99 footnote 1

Guaranteed cash value which increases gradually throughout the policy term

Annual dividends footnote 4,if any, that you can withdraw as cash or rollover to boost your policy value

You can also choose to increase protection to your family with gradual increase in the sum insured by 5% each year for 10 years or until the age of 50 footnote 1 or 55 footnote 1 (whichever is earlier) without the need for further underwriting footnote 8

Optional supplementary benefits footnote 9 at an extra premium for total and permanent disability, major illnesses, accidental death and dismemberment, hospital cash, term protection and female diseases, at an extra cost

Note: WholeLife Protection Plan is not equivalent or similar to any kind of deposit.

Needs and goals can change as you move through life. Our life insurance plan with a savings element that can adapt to help you at each and every stage. You’ll enjoy peace of mind with comprehensive protection while also building a cash fund that you can pay into or withdraw from as the need arises. Withdrawals are subject to Surrender Charge in the first ten policy years. Please refer to “Surrender Charge” under “Details of Charges” for details.

This is a long term universal life insurance plan underwritten by HSBC Life (International) Limited.

Why choose Goal Access Universal Life Plan (Protection)?

Financial flexibility to adjust the sum insured footnote 10 if your needs change. You may also choose to withdraw cash from the policy account to meet financial needs in special or unexpected events

Choose to boost your account value with unscheduled premiums

Best term life insurance policy

Earn daily interest – at least 2% p.a. on your account value for the first 10 years

Enjoy additional protection benefits on disability, payor’s benefit and terminal illness at no extra cost footnote 13.

Select optional major illness supplementary benefit footnote 23 (advance payment) which covers 60 major illnesses, at extra cost

Note: Goal Access Universal Life Plan (Protection) is not equivalent or similar to any kind of deposit.

HSBC Comprehensive Critical Illness Protection Plan footnote 3

HSBC Comprehensive Critical Illness Protection Plan is a life insurance with critical illness element, which provides critical illness benefits protection under both Base Critical Illness Benefit and Multiple Critical Illness Benefit, allowing claims for Critical Illness of up to 200% of the Sum Insured for each of the two illness groups (Cancer Illness Group and Non-Cancer Illness Group).

The policy is underwritten by HSBC Life (International) Limited (the "Company").

Why choose HSBC Comprehensive Critical Illness Protection Plan?

Protecting you against 60 Critical Illnesses and 68 Early Stage Critical Illnesses (optional) up to Age of 99 and 85 respectively

Life insurance protection for whole of your life

Multiple Critical Illness Benefit enables claims of up to 200% of Sum Insured amount for each Illness Groups respectively (i.e. Cancer and Non-Cancer Illness Group) footnote 37

Payment of annual dividends footnote 4 - you can select with flexibility to cash out or accumulate at an interest rate as determined by the Company from time to time

Optional supplementary benefit footnote 39 at extra premium for Hospital Cash Benefit, Accident Death and Dismemberment Benefit and Early Stage Critical Illness Benefit

Embedded supplementary benefits for Unemployment Benefit, Waiver of Premium on Disability Benefit and Payor's Benefit

Note: HSBC Comprehensive Critical Illness Protection Plan is not equivalent or similar to any kind of deposit.

Mortgage Protection Plan footnote 3

Provide security for your family for years to come. With our mortgage protection insurance, your mortgage repayments will be protected in the event of your death. That ensures your family can continue living in the family home, safe in the knowledge that mortgage payments are covered.

This is a life insurance plan underwritten by HSBC Life (International) Limited.

Why choose Mortgage Protection Plan?

Covers your mortgage payments in the event of your death footnote 14

Select the amount of insurance cover and the term of policy to fit with your mortgage

Fixed premium payment, pay monthly or annually for easy budgeting

15% discount for joint applicants

If your circumstances change and you are aged under 60 footnote 1, you can convert your plan to a different life insurance policy regardless of your state of heath at the time

Note: Mortgage Protection Plan is not equivalent or similar to any kind of deposit.

Business to fund? School fees to pay? Perhaps you are simply looking forward to a comfortable retirement. Whatever stage of life you’ve reached, turn your ambitions into reality with our Income Goal Insurance Plan.

Income Goal Insurance Plan is a long term insurance plan designed to accumulate your savings, provide life protection and create a steady stream of income for the future.

This is an annuity insurance plan underwritten by HSBC Life (International) Limited.

Why choose Income Goal Insurance Plan?

Accumulate your savings for 10 or 15 years (accumulation period) and you could enjoy an annuity period of 10 years

Boost your savings with a non-guaranteed Special bonus footnote 7

Stay covered for; life protection, and with extra protection against accidental death, terminal illness, unemployment and payor’s benefit for free (Conditions applied). You can also choose the optional Critical Illness Select benefit (with additional premium) to enhance protection for you.

Choose how you would like to receive your annuity payment, either in cash on a monthly basis for 10 years or leave your savings in the plan to earn interest.

You can fund your plan with a single premium or pay your premiums over 3, 5, or 10 years

Unless you have high levels of cover with us or choose to enhance protection with the optional Critical Illness Select benefit footnote 18, approval of your application is generally guaranteed with no medical examination required footnote 19

Note: Income Goal Insurance Plan is not equivalent or similar to any kind of deposit.

Term life insurance quotes

If you’ve turned 35 footnote 1 and are thinking about retirement, make sure you receive a regular income later by making a smart move now.

Our EarlyIncome Annuity Plan is a life insurance plan with a savings element which enables you to pay in to your early retirement plan for a short period while your earning power is at its peak. You can receive a monthly annuity payment as early as 1 year after your policy begins for the following 20 years. Enjoy the peace of mind that comes with knowing your retirement plan allows you to do all the things you wanted to do in retirement.

This is an annuity insurance plan underwritten by HSBC Life (International) Limited.

Why choose EarlyIncome Annuity Plan?

You can select the accumulation period of either one year or three years to accumulate your wealth

Stay covered for life protection and with extra protection against accidental death, terminal illness and unemployment footnote 15

Unless you have high levels of cover with us, approval of your application is generally guaranteed with no health questions asked footnote 16

Note: EarlyIncome Annuity Plan is not equivalent or similar to any kind of deposit.

Give your child the ultimate head start with a plan that combines life cover with savings for their education. Set your savings goal as the insured amount and we’ll help you stay on track. You can choose to let the plan mature when your child reaches 22 footnote 21, or withdraw cash early to cover things like school fees or private tuition. Withdrawals are subject to Surrender Charge in the first ten policy years. Please refer to “Surrender Charge” under “Details of Charges” for details.

This is a long term universal life insurance plan underwritten by HSBC Life (International) Limited.

Why choose Goal Access Universal Life Plan (Education)?

Financial flexibility to adjust the sum insured if needs change10 footnote 10

Choose to boost your account value with unscheduled premiums footnote 22

Earn daily interest – at least 2% p.a. on your account value for the first 8 years

Enjoy a loyalty bonus footnote 12 on your savings when the policy matures

Enjoy additional protection benefits on terminal illness and payor’s benefits at no extra charges

At policy maturity, your child can get new life cover without underwriting

Note: Goal Access Universal Life Plan (Education) is not equivalent or similar to any kind of deposit.

End Notes Select to Expand Select to Collapse

We consider your age to be how old you are on your next birthday. So, if you are 54 with a birthday in 6 months’ time, we consider you to be 55.

Without any proof of insurability, the life insured before the age footnote 1 of 60 has the right to apply for a new whole life or an endowment insurance plan which is designated by us available at such time for the same amount of sum insured.

You are subject to the credit risk of HSBC Life (International) Limited (the "Company").

If you discontinue and / or surrender the insurance plan in the early policy years, the amount of the benefit you will get back may be considerably less than the amount of the premium you have paid.

Past, current, projected and / or potential benefits and / or returns (e.g. bonuses, dividends, interests) presented herein are not guaranteed and are for illustrative purposes only.

The actual future amounts of benefits and / or returns may be lower than or higher than the currently quoted benefits and / or returns.

Annual dividends are not guaranteed.

The single payment option allows you to pre-pay all the required premiums at a discount. The pre-paid amount after deducting the premiums due will be locked into an investment to ensure the premiums are paid and the projected investment return will be sufficient for future payments, thus you cannot withdraw the balance of a single payment unless you surrender the policy; a surrender charge6 will be imposed on the balance of single payment portion before the refund. footnote 6 。

For a policy being surrendered in early years, the surrender proceeds to be received under the policy may be significantly less than the premiums paid. For single payment policy, if you surrender the policy in full or partially through reduction of sum insured, a surrender charge which is subject to change by us from time to time will be imposed on the balance of single payment.

The amount of Special Bonus is not guaranteed and subjected to the Company’s absolute discretion.

It is only applicable to the plan with policy term to age 65 footnote 17 or to age 99 footnote 17. The premium of the increased sum insured is determined according to your age footnote 1 at the time of increase. This option is available for enhanced protection option only.

Optional supplementary benefit requires additional premiums and is not applicable to policy with single payment footnote 5 option.

Increasing the sum insured is subject to (i) underwriting; and (ii) increase the policy expense charge and insurance charge. Reducing the sum insured may induce surrender charge footnote 11 。

Surrender charge ranging from 1% to 45% applies during the first 10 policy years. For a policy being surrendered in early years, the surrender proceeds to be received under the policy may be significantly less than the premiums paid and you could lose all your premiums paid in the worst scenario.

Please refer to Loyalty Bonus under Product Summary in the product brochure.

Terminal illness benefit will terminate upon the policy anniversary at which the life insured attained the age of 65 footnote 1, payout of this benefit or the policy is terminated (whichever is the earliest).

General insurance

If the death benefit is paid between years, the payment will be determined up to a completed month and on a pro-rata basis.

Unemployment benefit is not applicable to policy with single payment / aggregate premium option.

For the same life insured, if the total premiums of all of the pending and in-force RetireEnrich Protection Plus, EarlyIncome Annuity Plan, RetireIncome Annuity Plan, Income Goal Insurance Plan and HSBC Wealth Goal Insurance Plan applications or policies of the life insured are more than the guaranteed approval limit of HKD40,000,000/USD5,000,000, the life insured is required to complete a number of simple health questions. And 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.

The policy anniversary at which you reach the specified age based on age at next birthday.

Critical Illness Select (Additional Payment) is applicable to the life insured aged footnote 1 between 19 and 60 who is the holder of the Hong Kong Identity Card or Macau Identity Card. The benefit will terminate at the end of the annuity period or when the life insured attains the age footnote 17 of 65 or the policy is terminated (whichever is the earliest). Such benefit is not applicable to single premium policy. Please refer to the policy provisions for detail terms and conditions.

For the same life insured, if the total premiums of all of the pending and in-force RetireEnrich Protection Plus, EarlyIncome Annuity Plan, RetireIncome Annuity Plan, Income Goal Insurance Plan and HSBC Wealth Goal Insurance Plan applications or policies of the life insured are more than the ‘guaranteed approval’ limit of HKD2,500,000/USD312,500 for life insured who are 15 days after birth to age footnote 1 18 and HKD40,000,000/USD5,000,000 for life insured aged 19 to 65 footnote 1 the life insured is required to complete a number of simple health questions. And we reserve the right to accept or reject any applications for the plan based on the information provided by the life insured during application.

Monthly Annuity Payment means Monthly Guaranteed Annuity Payment plus Monthly Non-guaranteed Annuity Payment, if any.

Age means age at your child’s next birthday. If your child is 21 now, we consider to be 22.

The minimum amount of Unscheduled Premiums per transaction is USD625, which is subject to change by the Company from time to time. The acceptance of the Unscheduled Premium is at the Company’s discretion.

Major Illness Benefit (Advance Payment) is applicable to life insured who is from 15 days after birth to the age footnote 1 of 65. This benefit will terminate when the advance payment under this benefit is paid or when the policy is terminated. Please refer to the relevant supplemental benefits provisions for the detailed terms and conditions. Underwriting is required for this Major Illness Benefit (Advance Payment). We reserve the right to accept or reject any applications for this Major Illness Benefit (Advance Payment) based on the information provided by the life insured during application.

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.

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.

The policy anniversary at which the Life Insured reaching 80 based on age at next birthday.

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.

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.

The Policy Anniversary at which the Policyholder or the Life Insured is of the specified age based on age at next birthday.

You may apply to exercise this Policy Value Management Option to allocate a portion of the Net Cash Value as of the date of such request is processed, to the Policy Value Management Balance footnote 32 provided that:

This Policy has been in force for 20 Policy Years or more;

All premiums are paid up when due; and

The exercise of the Policy Value Management Option is subject to the minimum amount requirements on (i) the Net Cash Value to be allocated per transaction; and (ii) the Sum Insured after the exercise of this option. Such minimum amount requirements are determined by the Company from time to time without prior notice to Policyholder.

Policy Value Management Balance means the amount of the accumulation of the proceeds from exercising the Policy Value Management Option footnote 30, footnote 31 which is allocated to the Policy to accumulate at such non-guaranteed interest rate(s) that are determined at the Company’s discretion from time to time, and less any previously withdrawn amounts.

Indebtedness is the sum of all outstanding Policy Loans or Automatic Premium Loans advanced in accordance with the Policy plus the accrued interest on such loans as well as any outstanding premiums or payments.

Please refer to Policy Provisions for the definitions and exclusions of Cancer, CIS and Early Stage Cancer. To be eligible for such benefit, the diagnosis must cover certain organ groups and certain classifications and subject to exclusions.

Policyholder / Beneficiary(ies) can only receive either ‘Death Benefit’ or ‘Cancer Benefit’.

The total Sum Insured shall not exceed HKD2,500,000 (for Life Insured aged footnote 1 50 or below) or HKD1,250,000 (for Life Insured aged footnote 1 above 50). The Company reserves the right to accept or reject any applications for the Plan based on the information provided by the Life Insured and / or Policyholder during application.

Under this Multiple Critical Illness Benefit, and depending on the illnesses diagnosed, each occurrence can be claimed for once only. (except in the case of cancer, stroke and heart attack where a claim can be made twice if there is reoccurrence of such illnesses.)

For a policy being surrendered in early years, the surrender proceeds to be received under the policy may be significantly less than the premiums paid.

Optional supplementary benefits require additional premiums.

The Maturity Benefit (that is, the amount you will get at the end of the policy term) ranging from 110% to 112% is a rounded down percentage of the Guaranteed Cash Value divided by the total amount of premiums paid at maturity. Such percentage varies depending on your chosen premium payment mode: 112% if you prepay the required premiums by choosing the aggregate premium payment option footnote 2 and 110% for annual payment. You should refer to the insurance proposal summary for details.