Mortgage Protection Plan

Or call us on (852) 2233 3130. Lines are open 11:00am to 7:30pm, Mondays to Fridays except public holidays.

HSBC Jade or Premier customer?

Contact your Jade Director or Relationship Manager. HSBC Premier customers can also call us on (852) 2233 3322.

In the event that you pass away[@covermortgageofdeath] before paying off your mortgage, this plan will give your family or any beneficiaries a cash lump sum, which you may use to repay all or part of the mortgage. It decreases annually in accordance with the policy term. You will also get an assumed mortgage interest rate at 8% p.a.

The sum insured may not match the outstanding mortgage amount, as the decreasing rate of the sum insured may not be equal to the rate of your mortgage.

Please review your policy regularly to check that it still meets your needs, and provides adequate protection coverage for your mortgage.

The following benefit is included in your policy at no extra cost:

• Pause premium payments if you're unemployed
  If you are unemployed for at least 30 consecutive days before the age[@birthdaydefinition2] of 65, our unemployment benefit[@unemploymentbenefit1960] gives you an extended grace period of up to 365 days on your premium payments without affecting the insured person's full protection under the policy.

You can enhance your cover with these additional benefits by paying additional premiums. Please note that they are not applicable for policies with simplified underwriting.

• Get cover for major illnesses
  If you are diagnosed for one of the 35 designated major illnesses[@majorillness], you'll receive a lump sum payment from the sum insured, in advance. 
• Have your premiums waived if you become disabled[@disabilitybenefit]
  If the insured person becomes disabled for at least 183 days, the future premiums will be waived until the insured person recovers. 
• Get a lump sum payment if you're permanently disabled[@totalandpermdisability]
  If you become disabled for a continuous period of 183 days and this stops you working for the rest of your life, you'll receive a lump sum payment in advance from the sum insured.