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 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)
Earn an Apple Watch or RewardCash

With Mortgage Protection Plan, you can join HSBC Life Well+, our 24-month wellness reward programme, and earn an Apple Watch or up to $1,200 RewardCash.
Join on or before 30 June and earn an extra $500 RewardCash!
T&Cs apply.
Eligibility
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).
You may also be interested in

Goal Access Universal Life Plan (Protection)
Provides protection and saving features, plus the flexibility to adjust the sum insured to fit your changing needs at different stages of your life.
T&Cs apply.

Family Protector
Apply online and tailor this term life plan to meet your needs. Get life coverage of up to HKD7,000,000#, plus additional benefits of your choice.
T&Cs apply.

Life protection plans
Explore the list of our selection of life protection plans.
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.