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HSBC Paramount Global Life Insurance Plan

Savour the promise of long-term protection for your family with our life insurance plan

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 long-term life protection and gives you the flexibility to meet your legacy planning needs.

Protect your wealth, safeguard the future

  • Protection continuity

    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)

  • Settlement flexibility

    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 long term 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.

 

【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

 

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 5% off your first year's premium

    Offer ends 30 June 2021. T&Cs apply.

Are you eligible?

The HSBC Paramount Global Life Insurance Plan is available for anyone from 15 days after birth to 75 years old3, depending on the premium payment terms selected.

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).

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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.

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

HSBC Paramount Global Life Insurance Plan is a life insurance plan underwritten by HSBC Life which is authorised and regulated by the Insurance Authority ("IA") of the Hong Kong SAR. HSBC Life is incorporated in Bermuda with limited liability. Both plans are intended only for sale in the Hong Kong SAR. 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.

The Hongkong and Shanghai Banking Corporation Limited ('HSBC') is an insurance agent authorised by HSBC Life. You will subject to the credit risk of HSBC Life and your premiums paid will form part of HSBC Life's assets. You do not have any rights or ownership over any of these assets. Your recourse is against HSBC Life only.

For monetary disputes arising between HSBC and you out of the selling process or processing of the related transaction, HSBC will enter into a Financial Dispute Resolution Scheme process with you; however, any dispute over the contractual terms of the product should be resolved between HSBC Life and you directly.

Please refer to the product brochure for detailed features and terms and conditions.

^ 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.