HSBC Luminous Global Insurance Plan

The policy provides the following additional benefits at no extra cost:

• Additional lump sum payout for accidental death[@insurance-egip-accidentaldeath]
  If the insured person passes away in an accident before the policy term ends or they reach age 80[@insurance-egip-age], whichever is earlier, the beneficiaries will get an extra 30% of the total basic plan premium paid[@insurance-totalbasicplanpremium6] on top of the death benefit payable as an additional accidental death benefit[@insurance-egip-accidentaldeath].
• Pause premium payments if you're unemployed
  If you are unemployed for at least 30 consecutive days before the age[@insurance-egip-age]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 person's full protection under the policy.
• Financial support if you are incapacitated
  With our Incapacity Protection Service[@insurance-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 five Death Benefit Settlement Options[@insurance-death-benefit]. You can arrange to have the death benefit paid to beneficiaries listed in your policy, in one of the following ways:

• a lump sum payment; or
• annual or monthly instalments paid over 10, 20 or 30 years; or
• first payment in a lump sum, followed by annual or monthly instalments over the tenor (2 to 30 years) chosen by you; or
• annual or monthly instalments until the designated actual age (must be attained age of 18 years old or above) of the designated beneficiary(ies) specified by you, followed by a lump sum payment of the balance; or
• increasing payment by instalments (2 to 30 years) on an annual or a monthly basis, increasing at the designated default rate (3%, 5% or 10% per annum).

You can use this calculator to see how your death benefits may be paid over time, based on your preferences. Try it now >

For more details, please refer to the product brochure.