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A family building blocks; image used for HSBC Income Goal Insurance Plan II.

Income Goal Insurance Plan II

A key way to live life to the fullest

Business to fund? School fees to pay? Perhaps you are simply looking forward to a comfortable retirement. Turn your ambitions into reality with our Income Goal Insurance Plan II, designed to accumulate your savings, provide life protection and a steady stream of income for the future.

A brighter tomorrow with stable regular income

  • Receive steady annuity payments in the form of a Monthly Guaranteed Annuity Payment1 for 10 years. A Special Bonus2 may be declared at the end of the policy term.

  • Enjoy the flexibility of tailoring your retirement income by creating a monthly stream of payments or accumulating as a lump-sum retirement amount.

  • Option to lock-in a portion of your policy value with the Policy Value Management Option3.

 

Income Goal Insurance Plan II is a long-term participating life insurance product with a savings element underwritten by HSBC Life (International) Limited. It is an annuity insurance plan and is not equivalent or similar to any kind of deposit. Policyholders are subject to HSBC Life's credit risk and early surrender loss. Please refer to the product brochure for details.

  • HSBC Life - The no. 1 provider of new annuity business in Hong Kong4

    Well-placed to attend to the broad spectrum of customers’ retirement needs.

Speak with us

Book an appointment for face-to-face or video-enabled meeting here:

  • Or via (852) 2233 3130

    (Mon to Fri: 11:00am - 7:30pm, except public holidays)

HSBC Jade and Premier customers

  • Contact your Relationship Manager

Limited time offers:

  • Get up to 10% off your first year premium

    T&Cs apply.

  • Get an extra 2% off your first year premium

    HSBC Life Well+ customers can enjoy an extra 2% off on first year premium of selected life insurance plan.
    T&Cs apply.

  • Earn up to an extra $3,000 RewardCash!

    Pay new policy’s premium to HSBC Life with HSBC Premier Mastercard® Credit Card* to enjoy the offer. T&Cs apply.

Get more peace of mind with supplementary benefits

Add optional supplementary benefits to your policy, at an additional premium.

  • Critical Illness Select10 (not applicable to single premium policies)
    Enhance your plan's coverage with this optional benefit which protects the Life Insured against critical illnesses until the age6 of 65. It will be paid if the Life Insured is diagnosed with one of the covered illnesses listed in the additional protection leaflet. Please note that we will ask about the Life Insured's health during the application process.

How does it work

Are you eligible?

To apply, you need to:

  • be aged6 between 15 days after birth and 65 years
  • meet our criteria for nationality (country/region/territory), address and residency (subject to change at the time of your application)

Additional information

You may also be interested in

A couple is hugging under the ferris wheel; image used for EarlyIncome Annuity Plan.
 

Receive monthly annuity payments after the accumulation period and paying premiums for 3 years. Enjoy an annuity period of up to 25 years or age 99, with a choice of adding Dementia Protection to your policy.

T&Cs apply.

A lady is watching sakura; image used for Deferred annuity plans.
 
This link will open in a new window

Explore our qualifying deferred annuity plans that can provide you with a steady income stream after you retire, and enable you to claim tax deduction in Hong Kong.

T&Cs apply.

A couple are watching the computer; image used for Savings insurance plans.
 

Explore the list of plans to help you on saving and prepare for a promising future.

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.

Manage your policy

Manage your policy

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.

 

You can also request for a dividends and/or bonus withdrawal from your policy (if applicable) and submit other service requests on our Personal Internet Banking webpage.

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).

1 Under the payment at monthly intervals option, only Monthly Guaranteed Annuity Payments are paid out. Under the rollover option, Monthly Guaranteed Annuity Payments are accumulated with interest (if any) which is non-guaranteed and determined at our discretion from time to time.

2 The amount of Special Bonus, if any, is not guaranteed and is subject to our absolute discretion.

3 After the 20th Policy Year, if there is no outstanding policy loan or premiums, you may apply to exercise this option to lock in a portion of the Net Cash Value. The amount you choose to lock in is guaranteed upon exercising the Policy Value Management Option and will be allocated to the Policy Value Management Balance to accumulate at a non-guaranteed interest rate, which will be adjusted from time to time at HSBC Life's discretion. 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 Policy Amount after the exercise of this option. Such minimum amount requirements are determined by HSBC Life rom time to time without prior notice to Policyholder. Please refer to product brochure for details.

4 Source: Annual Statistics for Long-term Business 2019 issued by the Insurance Authority (Individual Insurers' Statistics: Total Individual Annuity New Business)

5 The Additional Accidental Death Benefit will terminate when the Life Insured attains the age6 of 80 or payout of the relevant benefits or the Policy is terminated (whichever is earlier). The Policy will terminate upon the payment of the Additional Accidental Death Benefit.

6 Insurance Age means the age of the Life Insured or Policyholder where applicable at his or her next birthday.

7 Total Premiums Paid refers to the total amount of premiums due under the Basic Plan (whether or not actually paid) as of the date of death of the Life Insured. Please refer to the Policy Provisions for detailed terms and conditions.

8 The eligibility of Payor’s Benefit is applicable to the Life Insured who is 15 days old after birth to the Insurance Age6 of 18 and Policyholder’s who are at Insurance Age6 of between 19 to and  60. The benefit will terminate when the Policyholder attains the age6 of 65 or the Life Insured attains the age6 of 25 or the Policyholder recovers or all premiums have been paid or the Policy is terminated, whichever is earlier. Such benefits are is not applicable for single premium policies.

9 Unemployment Benefit is applicable to Policyholder’s Insurance Age6 between 19  and 64 who is the holder of  a Hong Kong Identity Card. The benefit will terminate when the Policyholder attains the age6 of 65 or all due premiums have been paid or the Policy is terminated (whichever is earlier). Such benefit is not applicable to for single premium policies.

10 Critical Illness Select (Additional Payment) is applicable to the Life Insured’s Insurance Age6 between 15 days and 60 who is the holder of a Hong Kong Identity Card or Macau Identity Card. The benefit will terminate if the Policy terminates, expires, lapses, or is surrendered (whichever is applicable) or when the Life Insured attains the age6 of  65 or the Policy is terminated (whichever is earlier). Such benefit is not applicable to single premium policy.

11 Under the payment at monthly intervals option, only Monthly Guaranteed Annuity Payment is paid out. Under the rollover option, Monthly Guaranteed Annuity Payment is accumulated with interest (if any) which is non-guaranteed and determined at our discretion from time to time.

*To borrow or not to borrow? Borrow only if you can repay!

Disclaimer

Income Goal Insurance Plan II is a life insurance plan underwritten by HSBC Life (International) Limited (“HSBC Life”) which is authorised and regulated by the Insurance Authority ("IA") to carry on long-term insurance business in the Hong Kong SAR. Please refer to the product brochure for detailed features and the policy provisions for the detailed terms and conditions.

HSBC Life is incorporated in Bermuda with limited liability, and is one of the HSBC Group's insurance underwriting subsidiaries. The Hongkong and Shanghai Banking Corporation Limited ('HSBC') is registered in accordance with the Insurance Ordinance (Cap. 41 of the Laws of Hong Kong) as an insurance agent authorised by HSBC Life. This product is a product of HSBC Life but not HSBC and it is intended only for sale through HSBC in the Hong Kong SAR. Your benefit is subject to the credit risk of HSBC Life.  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.  Your premiums paid will form part of HSBC Life's assets. You do not have any rights or ownership over any of those assets. Your recourse is against HSBC Life only.

In respect of an eligible dispute (as defined in the Terms of Reference for the Financial Dispute Resolution Centre in relation to the Financial Dispute Resolution Scheme) arising between HSBC and you out of the selling process or processing of the related transaction, HSBC is required to enter into a Financial Dispute Resolution Scheme process with you; however, any dispute over the contractual terms of the above insurance product should be resolved between HSBC Life and you directly.