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Father and daughter dancing; image used for HSBC FirstSave Insurance Plan

HSBC FirstSave Insurance Plan

Enjoy a discount when you apply online and get up to 2.83% p.a.1 guaranteed returns in USD after 5 years. Limited quota only.

Reap guaranteed USD returns of up to 2.83% p.a.

Make your money work harder for you. Protect the ones you love and be rewarded for it with an HSBC FirstSave Insurance Plan. Simply spread your payment out over a 2-year period and get guaranteed returns in 5 years.

  • Apply online to save on premiums in your first year and receive1:

    - 113% for policies paid annually

    - 110% for policies paid monthly

    of the total premiums paid after discount.

     

    The policy currency is in USD, with a sum insured range from USD10,000 to USD100,000.

Get extra protection during your policy period

  • Additional accidental death benefit2
    Your beneficiaries3 will receive an addition 30% of the total premiums along with the death benefit in the event of accidental death.
  • Terminal illness benefit4
    You can claim your death benefit in advance if you're diagnosed with a terminal illness before the age5 of 65.
  • Unemployment benefit6
    You can defer premium payments for up to one year and still be fully covered under your policy if you're unemployed for at least 30 consecutive days.

HSBC FirstSave Insurance Plan is a life insurance plan with savings elements underwritten by HSBC Life (International) Limited. It is not a bank deposit or bank savings plan.

Returns may vary depending how you pay and how you apply. Please refer to the policy documents for details.

 

【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

Discover more about building your financial future

Are you eligible?

To apply, you need to:

  • be aged5 between 19 and 75 years old
  • meet our requirements7 on nationality, address and residency, which are subject to change at the time of your application

How to apply

You can apply for an HSBC FirstSave Insurance Plan online. As only a limited quota is offered, it's no longer available at branches.

You can apply online with either:

  • your HSBC HKD bank account
  • your HSBC credit card

 

Apply online in 5 simple steps:

  1. Log on to online banking.
  2. Select your contribution amount.
  3. Choose 'annual' or 'monthly' for the payment mode.
  4. Verify your personal details.
  5. Review your application and submit it.

If you need to open an HSBC bank account, you can do so on your mobile phone from the comfort of home.

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, coverage, premium due dates 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) 3128 0122 who will assist you in preparing your relevant claim request(s).

1 The maturity benefit (the amount you'll get at the end of the policy term) is a rounded-down percentage of the guaranteed cash value divided by the total amount of premiums paid at maturity. 

Such percentage varies by your chosen premium payment mode as follows:
Premium payment mode Original percentage to be received at maturity (Total return rate)

Percentage (after discount) to be received at maturity (Total return rate)

Internal rate of return at maturity (after reflecting premium discount)
For monthly premium payment:
108%
110%
(30% discount off on your first month‘s premium when apply)
2.42% p.a.
(30% discount off on your first month’s premium when apply)
The internal rate of return is the expected compound annual rate of return that will be earned on an investment.

For annual premium payment:
110%
113%
for policies with notional amount of USD100,000 or less
(4.5% discount off on your first year's premium when apply)

2.83% p.a.
(4.5% discount off on your first year’s premium when apply)
The internal rate of return is the expected compound annual rate of return that will be earned on an investment.

Such percentage varies by your chosen premium payment mode as follows:
Premium payment mode For monthly premium payment:
Original percentage to be received at maturity (Total return rate)

108%
Percentage (after discount) to be received at maturity (Total return rate)

110%
(30% discount off on your first month‘s premium when apply)
Internal rate of return at maturity (after reflecting premium discount)
2.42% p.a.
(30% discount off on your first month’s premium when apply)
The internal rate of return is the expected compound annual rate of return that will be earned on an investment.

Premium payment mode For annual premium payment:
Original percentage to be received at maturity (Total return rate)

110%
Percentage (after discount) to be received at maturity (Total return rate)

113%
for policies with notional amount of USD100,000 or less
(4.5% discount off on your first year's premium when apply)

Internal rate of return at maturity (after reflecting premium discount)
2.83% p.a.
(4.5% discount off on your first year’s premium when apply)
The internal rate of return is the expected compound annual rate of return that will be earned on an investment.

2 Additional accidental death benefit will terminate at the end of the policy term, on the policy anniversary at which the life insured attains the age5 of 80 or payout of such benefit or your policy is terminated (whichever is earliest). Your policy will terminate once we paid this benefit.

3 If any of your nominated beneficiaries fall under the relationship status of grandchildren, grandparents, stepchildren, step parents, step brother, step sister, cohabiting or non-cohabiting partner, you’ll be required to submit the relevant declaration or documents as proof of an insurable relationship between the life insured and the nominated beneficiaries. Please refer to the relevant declaration form for nominating a non-cohabiting partner or the form for all other relationships listed. For more information and requirements you can also visit our ‘Love Bonds Us All’ page.

4 Terminal illness benefit is not available to you if you are aged5 65 or above. This benefit will terminate on the Policy Anniversary at which you attain the age5 of 65 years or payout of such benefit or your policy is terminated (whichever is the earliest). Your policy will terminate once we paid this benefit.

5 Age means the Insurance Age of the policyholder (ie same as the life insured) where applicable at his or her next birthday.

6 The unemployment benefit is applicable to any policyholder aged5 between 19 and 64 who holds a valid Hong Kong identity card. It is not applicable if you choose to prepay the required premiums2. The benefit will terminate on the policy anniversary at which the policyholder attains the age5 of 65 years, all due premiums have been paid or your policy is terminated (whichever is the earliest).

7 Application for HSBC FirstSave is subject to our relevant requirements on nationality and/or addresses and/or residency of the policyholder (ie same as the life insured) as determined by us from time to time.

  • HSBC Life (International) Limited ("the Company“ or “we”) is incorporated in Bermuda with limited liability, and is one of the HSBC Group's insurance underwriting subsidiaries.
  • HSBC FirstSave Insurance Plan (“FirstSave”, the “Plan” or “Policy”) is a life insurance product with savings element. It is not a bank deposit or bank savings plan. This plan is underwritten by the Company which is authorised and regulated by the Hong Kong Insurance Authority (IA) to carry on long-term insurance business in the Hong Kong SAR.
  • The Hongkong and Shanghai Banking Corporation Limited (referred to as "HSBC") is an insurance agent authorised by the Company. This product is a product of the Company but not HSBC and it is intended only for sale in the Hong Kong SAR.
  • 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.
  • 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.
  • In the case that you have to surrender your policy in the early years, you may receive an amount significantly less than the premiums paid. If you have chosen the aggregate premium payment option2, we will apply a surrender charge on the balance of the prepaid premiums2 together with interest accumulated upon your policy surrenders. Please refer to the Policy Provisions for details of the surrender charge.