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A father is holding his child in sofa; image used for HSBC Term Life Insurance.

HSBC Term Protector

Life coverage of up to HKD5,000,0001 and premiums as low as HKD8.232 per day

HSBC Term Protector is a term life insurance plan with no savings element underwritten by HSBC Life (International) Limited. It is not a bank deposit or bank savings plan.

How we can help you

Thinking about how you can leave a meaningful legacy if the unexpected happens? We can help provide financial security for your loved ones when you can’t.

If you pass away while being covered by this plan, your beneficiaries3 will receive a lump sum cash payment equal to the coverage amount of your policy.


Complimentary special benefits for COVID-19. See details >

Limited time offers:

  • Earn up to an extra $50 RewardCash!

    Pay new policy’s premium to HSBC Life with HSBC Premier Mastercard® Credit Card* to enjoy the offer. Offer ends 31 December 2021. T&Cs apply

Earn an Apple Watch or RewardCash

An Apple Watch

With HSBC Term Protector, you can join HSBC Life Well+, our 24-month wellness reward programme, and earn an Apple Watch^ or up to $1,200 RewardCash.

-- Apple Watch Series 7 and new SE models are offered here now!

Join now and earn an extra $500 RewardCash!

See details

T&Cs apply.

What HSBC Term Protector offers

An pyramid with dollar picture which is symbolizing the HSBC Term Protector guaranteed fixed premiums.

Guaranteed fixed premiums for every 10 year period4

A medical box picture which is symbolizing no medical examinations needed for HSBC Term Protector.

No medical examinations needed

A laptop and mobile picture which is symbolizing you can cancel HSBC Term Protector anytime without any charges.

Cancel anytime you want without any charges5

Are you eligible?

Here's a checklist to see if you can apply. You'll need to:

  • be aged6 between 19 to 60
  • hold an existing HSBC bank account or credit card
  • apply with the HKID you've used to open your HSBC account


Please note, this plan is subject to eligibility restrictions on addresses in the USA, mainland China and Japan.

Ready to apply?

You can apply by calling us on (852) 2233 3130. If you're not sure whether the policy is suitable for you, please visit us in branch to discuss your needs and explore our range of solutions further.

Frequently Asked Questions (FAQs)

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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).


  • HSBC Term Protector is underwritten by HSBC Life (International) Limited which is authorised and regulated by the Insurance Authority (IA) of the Hong Kong SAR, and is intended only for sale in the Hong Kong SAR.

  • The Hongkong and Shanghai Banking Corporation Limited ('HSBC') is an insurance agent authorised by HSBC Life (International) Limited ('HSBC Life').
  • You will be 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 respective product brochure for detailed features and the policy provisions for the detailed terms and conditions.
  • HSBC Life (International) Limited is incorporated in Bermuda with limited liability, and is one of the HSBC Group's insurance underwriting subsidiaries.

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

The total sum insured of all the pending and in-force applications or policies issued under HSBC Life (International) Limited ('HSBC Life') for each life insured subject to the simplified underwriting requirements shall not exceed HKD5,000,000 (for life insured aged 50 or below) or HKD2,500,000 (for life insured aged 51 or above). Please note, age refers to the age you'll be on your next birthday. The death benefit equals to the sum insured less outstanding premiums (if any). HSBC Life reserves the right to accept or reject any applications for the plan based on the information provided by the life insured during application.

Based on the sum insured of HKD5,000,000 of a non-smoking female who is 25 years old. Premiums will be calculated based on the age at the next birthday. The figure is subject to rounding adjustment. The actual amount of the premium is decided at the discretion of HSBC Life (International) Limited.

If any of your nominated beneficiaries fall under the relationship status of grandchildren, grandparents, stepchildren, step parents, step brother, step sister, cohabiting or non-cohabiting partner, you’ll be required to submit the relevant declaration or documents as proof of an insurable relationship between the life insured and the nominated beneficiaries. Please refer to the relevant declaration form for nominating a non-cohabiting partner or the form for all other relationships listed. For more information and requirements you can also visit our 'Love Bonds Us All' page.

Your monthly premiums will stay the same for the first 10 years, then the premiums will be adjusted every 10 years until your policy ends or until you reach the age of 80 - regardless of how the state of your health changes. Please note, age refers to the age you'll be on your next birthday.

If you cancel the policy or the policy is lapsed or terminated for any reasons, you won't get back the premiums you've paid.

Age refers to the age you'll be on your next birthday.

^By choosing an Apple Watch as your reward, you will be committing to a 24-month interest-free instalment plan via your HSBC credit card. To borrow or not to borrow? Borrow only if you can repay!