HSBC Bright Income Insurance Plan

Please refer to the product brochure for more information.

The policy provides the following additional benefit at no extra cost. 

• Additional lump sum payout for accidental death
  If the insured passes away in an accident before the policy term ends or they reach age[@insurance-policyanniversarydefinition] 80, whichever is earlier, the beneficiaries will get an extra 30% of the total basic plan premium paid[@insurance-biip-totalbasicplanpremium] on top of the death benefit payable as an additional accidental death benefit[@insurance-additionalaccidentaldeathbenefit3].
• Pause premium payments if you're unemployed
  If you are unemployed for at least 30 consecutive days before the age[@insurance-policyanniversarydefinition] of 65, our unemployment benefit[@insurance-egip-unemployment] gives you an extended grace period of up to 365 days on your premium payments without affecting the insured's full protection under the policy.
• Financial support if you are incapacitated
  With our Incapacity Protection Service[@insurance-biip-incapacity-service], you can designate an immediate family member, so that in the event you are diagnosed as physically or mentally incapacitated, your designated immediate family member can make a one-time partial withdrawal from the policy on your behalf, as an immediate financial support to cover any medical expenses.

This plan offers four death benefit settlement options[@insurance-death-benefit]. The beneficiaries[@insurance-death-benefit] listed will receive the death benefit as either:

• a lump sum payment; or,
• annual instalments paid over 10, 20 or 30 years; or,
• first payment in a lump sum, followed by annual instalments over the tenor (2-30 years) chosen by you; or,
• annual instalments until the designated age of the beneficiary as specified by you, followed by a lump sum payment of the balance.

The policyholder can choose which settlement option they prefer at the time of their application or make the request after the policy has been issued. For more details, please refer to the product provisions.