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Mortgage Protection Plan

Ensure your family always has a home

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.

Key features

  • Covers your mortgage payments in the event of your death2
  • 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 601 – you can convert your plan to a different life insurance- policy regardless of your state of heath at the time

【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>

Summary of cover

What’s included?

Lump sum mortgage repayment protection

If you're not around to finish paying your mortgage, this plan will give your family or any other beneficiaries a cash lump sum which decreases annually2 in accordance with policy term and assumed mortgage interest rate at 8% per annum. The sum insured may not match with the outstanding mortgage amount as the decreasing rate of the sum insured may not be equal to the rate of your mortgage. To ensure you have sufficient protection against your mortgage or fulfil your need, a regular review of your policy is recommended.

How to apply?

  • Instant quote

Speak with us

HSBC One and other HSBC customers

Book a video-enabled meeting or face-to-face meeting with an Insurance Specialist

HSBC Jade and Premier customers

  • Contact your Relationship Manager

Limited Time Offers:

  • 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. Offer ends 30 June 2021. T&C apply


Am I eligible?

You can take out our Mortgage Protection Plan if you are aged between 191and 601, and with the mortgage repayment scheduled to finish before you reach the age3 of 651.


You can enjoy simplified underwriting if you’re:

  • aged between 191 and 551
  • in good health
  • within 24 months after HSBC Home Loan Application
  • not more than HK$10 million in debt on your mortgage


We reserve the right to ask you to have a medical examination to confirm that you are in good health.

The plan is subject to the relevant requirements on nationality and/or addresses of the policyholder and/or life insured as determined by the Company from time to time.

Additional benefits

More help when you need it

When life surprises you, additional benefits included in this policy can offer you more support.


Unemployment benefit4

If you are unemployed for more than 30 consecutive days, you can defer payment of your premiums for up to 365 days and still enjoy the full protection of your policy.


Continued protection5

When you pay off your mortgage, you may apply to convert your plan to another life policy regardless of your health.


Optional supplementary benefits

You can choose to pay extra costs to enjoy optional supplementary benefits against waiver of premium on disability, major illness (advance payment), and total and permanent disability.

Policy documents

All the information you need in one place

Mortgage Protection Product Brochure

See product features, product risks and Cancellation right at cooling off period in the Product Brochure.

Mortgage Protection Plan Policy Provisions

See Terms and Conditions in Policy Provisions.

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) 31280122 who will assist you in preparing your relevant claim request(s).

Have you considered


With our term life insurance plan -  HSBC Family Protector, you can get life coverage of up to HKD7,000,000, plus additional benefits of your choice to safeguard your health and your children. Apply online now!


Subject to credit risk of issuer HSBC Life (International) Limited. Terms and conditions apply.


Needs and goals can change as you move through life. Our life insurance plan with a savings element can adapt to help you at each and every stage.


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

1 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.

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

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

4 Available for policyholders aged between 191 and 601 holding Hong Kong Identity Card.

5 If you pay off your mortgage, you may apply to convert your policy into other insurance plan for the same amount of the then decreased sum insured at the policy anniversary as may be available by the Company from time to time, regardless of your state of health at the time.

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


Mortgage Protection Plan is underwritten by HSBC Life (International) Limited ("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. 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.

Please refer to the respective product brochure for detailed features and the policy provisions for the detailed terms and conditions. In the event of any inconsistency between the English version and the Chinese version, the English version shall prevail.

HSBC Life (International) Limited is incorporated in Bermuda with limited liability, and is one of the HSBC Group's insurance underwriting subsidiaries.