Life is good. But your future could be great with your smart move today. Planning for a hassle-free life has never been easier, EarlyIncome Annuity Plan (“EarlyIncome”) offers right protection to help you expedite your life goals, be it funding for your children's education at the early stage of raising a family or a comfortable retirement when you are exploring new horizons in your senior years.
Key features
EarlyIncome is a long-term participating life insurance product with a savings element and is not equivalent or similar to any kind of bank deposit. It offers:
- Flexibility to meet your needs at various stages by receiving monthly annuity payments up to age2 99^ after a short accumulation period. Or you can simply opt to accumulate substantial savings by deferring the receipt of annuity payments to address your own unique needs and circumstances in the future.
- Future security options for your loved ones with life protection. In the unfortunate event of your passing, your beneficiary(ies) will receive – at your discretion – a Death Benefit in a lump sum or in the form of monthly annuity payments3 for the remaining annuity period.
- A projected breakeven that can be achieved as the soon as the 8th policy year* for a worry-free return with life protection.
- A choice to top up your plan with additional premium for additional protection against Severe Dementia4,+
- HSBC Life, the No. 1 provider of new annuity business in Hong Kong* is well placed to attend to the broad spectrum of customers’ retirement needs.
*Source: Annual Statistics for Long-term Business 2019 issued by the Insurance Authority (Individual Insurers' Statistics:Total Individual Annuity New Business)
【Special Benefits for COVID-19】
We promise to help protect you and your family in times of need. Because of the COVID-19 outbreak, we’re extending a complimentary special benefit to existing and new policyholders, as well as their partners and children. There are no limitations or special requirements on age or premium amount. See benefits details>
^ Only applicable to the life insured who is aged2 55 to 70.
* Breakeven means that the Net Cash Value5 which is contributed by both guaranteed and non-guaranteed benefits to total premium paid6 of basic plan at a particular policy year is 100%. For the details of non-guaranteed benefits, please refer to section “Key risks - Non-guaranteed benefits” in respective Product Brochures.
+ Severe Dementia means an unequivocal diagnosis by a Registered Medical Practitioner who is a specialist of Neurologist, Psychiatrist or Neuropsychiatrist of severe permanent cognitive impairment resulting in the permanent need for continuous supervision of the life insured, with a Mini Mental State Examination score of less than 10 out of 30-point questionnaire.
Speak with us
HSBC One and other HSBC customers
Book an appointment online or via (852) 2233 3130*.
HSBC Jade and Premier customers
Contact your Relationship Manager
*(Monday to Friday from 11:00am to 7:30pm except public holidays)
Additional benefits
Dementia Protection
For an additional premium on top of your basic plan’s premium, you can cover yourself against financial worries if the life insured is diagnosed with severe dementia. At the same time, we offer a full suite of value-added services to take care of you every step of the way.
Dementia Protection is an optional supplementary benefit and is not applicable for aggregate premium policies and policies with 1-year accumulation period and can only be enrolled together with the application for the basic plan by any Life Insured aged2 between 55 and 70 years. Please refer to the respective concept flyers, rider factsheet, Policy provisions of the Supplementary Benefits4,7 for their detailed terms and conditions and relevant exclusions.
Product video
Manage your policy
Manage your policy online
Access your policy details anytime, anywhere on both your HSBC HK Mobile Banking app and our Personal Internet Banking webpage, so you can check your benefits and coverage, premium due dates, projected future values and much more at your fingertips.
Make a claim
Sometimes life doesn’t go according to plan and you’ll want to make an insurance claim as soon as possible.
Simply call our Tele-Consultants at (852) 31280122 who will assist you in preparing your relevant claim request(s).
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The above plans are life insurance plan underwritten by HSBC Life (International) Limited. Policyholders are subject to the credit risk of HSBC Life and early surrender loss.
Disclaimer
- EarlyIncome Insurance Plan is underwritten by HSBC Life (International) Limited (referred to the Company) which is authorised and regulated by the Insurance Authority (IA). The Hongkong and Shanghai Banking Corporation Limited (referred to as "HSBC") is an insurance agent authorised by the Company.
- Policyholder's 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.
- If the policyholder discontinues and / or surrenders the insurance plan in the early policy years, the amount of the benefit he / she will get back may be considerably less than the amount of the premium he / she has paid.
- Past, current, projected and / or potential benefits and / or returns (e.g. bonuses, dividends and interest) 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.
- For monetary disputes arising between HSBC and you out of the selling process or processing of the related transaction, HSBC will enter into a Financial Dispute Resolution Scheme process with you; however any dispute over the contractual terms of the product should be resolved between the Company and you directly.
- Please refer to the respective product brochure for detailed features and the Policy Provisions for the detailed terms and conditions.