When it comes to planning for the future, we all want to secure a bright future for our loved ones. The HSBC Paramount Global Life Insurance Plan helps you guarantee lifetime protection and gives you the flexibility to meet your legacy planning needs.
Protect your wealth, safeguard the future
You can pass your life insurance coverage on to your loved ones up to 3 times1, or nominate a Contingent Policyholder to help manage your juvenile policy(ies)
You can choose to settle your Death Benefit as a lump sum or annual installments over 10, 20 or 30 years to give your loved ones the financial support they deserve
Grow and protect your wealth
Build on your wealth continuously during the lifetime, with a Policy Value Management Option2 to lock in a portion of your policy value when you need more financial certainty
Get extra protection during your policy term
With the Paramount Global Life Insurance Plan, you'll get an additional accidental death benefit, with no additional premiums.
For more details, please refer to the Product Brochure.
HSBC Paramount Global Life Insurance Plan is a whole of life insurance plan with a savings element underwritten by HSBC Life (International) Limited ("HSBC Life"). It is not a bank deposit or bank savings plan. Policyholders are subject to HSBC Life's credit risk and early surrender loss^. Please refer to the policy brochure for details.
Speak with us
HSBC Jade and Premier customers
Contact your Jade Director or Relationship Manager
Limited time offers:
Get up to 20% off your first year's premium
Offer ends 30 September 2022. T&Cs apply.
Get an extra 1.5% off for first-time insurance buyer
Enjoy an extra 1.5% off your first-year premium if you are new to insurance. Selected customers can get an extra 1% off.
Offer ends 30 September 2022. T&Cs apply.
How does it work
Discover key facts about this policy, including the term, currency and more
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Goal Access Universal Life Plan (Protection)
Enjoy comprehensive life protection while growing your savings.
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 You are entitled to exercise the Change of Life Insured option for your Policy, up to 3 times per Policy, after the 3rd policy year or after the end of the premium payment period provided all premiums are fully paid, whichever is later. Any Change of Life Insured is subject to evidence of insurability and our approval which is based on the underwriting conditions of the Life Insured.
2 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 Plan's 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.
HSBC Paramount Global Life Insurance Plan is a lifetime 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.