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HSBC Wealth Goal Insurance Planfootnote3

Grow your wealth for a better tomorrow

It’s never too early to start planning for your future, whether you’re focused on saving for a comfortable retirement or simply want to grow your wealth.

The HSBC Wealth Goal Insurance Plan is a whole of life insurance plan underwritten by HSBC Life (International) Limited.

Key Features:

  • An opportunity for long-term capital growth
  • Life protection coverage up to Agefootnote29 99 with Supplementary Benefits
  • A choice of premium payment terms denominated in US dollars
  • a Policy Value Management Optionfootnote30,footnote31 to lock-in a portion of your policy value when you need more certainty

Note: HSBC Wealth Goal Insurance Plan is not equivalent or similar to any kind of deposit.


HSBC Term Protectorfootnote3

Simple Online Term Life Insurance. Get a great price. No agents. No medical examinations.

This is a term life insurance plan with no savings element underwritten by HSBC Life (International) Limited.

Key Features:

  • Apply for up to HKD 5,000,000 of sum insuredfootnote2 online less than 5 minutes.
  • Remain covered up to the Agefootnote1 of 80, no matter what happens to your health.
  • Convertfootnote5 to an available whole of life or endowment plan without further health checks before the Agefootnote1 of 60.

Note: HSBC Term Protector is not equivalent or similar to any kind of deposit.

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WholeLife Protection Planfootnote3

Plan for you and your family’s future with our life insurance plan with a savings element. This plan enables you to achieve your goals by providing you comprehensive lifetime cover and guaranteed long-term savings.

This is a whole of life insurance plan underwritten by HSBC Life (International) Limited.

Why choose WholeLife Protection Plan?

  • Life insurance protection upto the age of 99footnote1
  • Guaranteed cash value which increases gradually throughout the policy term
  • Annual dividendsfootnote4 ,if any, that you can withdraw as cash or rollover to boost your policy value
  • Fund your plan with a single paymentfootnote5 or pay over 5, 10 or 25 years, or choose to pay up to age 65footnote17 or 99footnote17.
  • You can also choose to increase protection to your family with gradual increase in the sum insured by 5% each year for 10 years or until the age of 50footnote1 or 55footnote1 (whichever is earlier) without the need for further underwritingfootnote8
  • Optional supplementary benefitsfootnote9 at an extra premium for total and permanent disability, major illnesses, accidental death and dismemberment, hospital cash, term protection and female diseases, at an extra cost

Note: WholeLife Protection Plan is not equivalent or similar to any kind of deposit.


Goal Access Universal Life Plan (Protection)footnote3

Needs and goals can change as you move through life. Our life insurance plan with a savings element that can adapt to help you at each and every stage. You’ll enjoy peace of mind with comprehensive protection while also building a cash fund that you can pay into or withdraw from as the need arises. Withdrawals are subject to Surrender Charge in the first ten policy years. Please refer to “Surrender Charge” under “Details of Charges” for details.

This is a long term universal life insurance plan underwritten by HSBC Life (International) Limited.

Why choose Goal Access Universal Life Plan (Protection)?

  • Financial flexibility to adjust the sum insuredfootnote10 if your needs change. You may also choose to withdraw cash from the policy account to meet financial needs in special or unexpected events
  • Choose to boost your account value with unscheduled premiums
  • Earn daily interest – at least 2% p.a. on your account value for the first 10 years
  • Enjoy a loyalty bonus on your savingsfootnote12
  • Enjoy additional protection benefits on disability, payor’s benefit and terminal illness at no extra costfootnote13.
  • Select optional major illness supplementary benefitfootnote23 (advance payment) which covers 60 major illnesses, at extra cost

Note: Goal Access Universal Life Plan (Protection) is not equivalent or similar to any kind of deposit.


Lifestyle Wealth Protection Plusfootnote3

Whether you want to make sure that your family is provided for or you’re saving for a specific goal, such as further education, Lifestyle Wealth Protection Plus offers lifetime protection while guaranteeing your savings will grow.

This is a whole of life insurance plan underwritten by HSBC Life (International) Limited.

Why choose Lifestyle Wealth Protection Plus?

  • Lifelong protection with savings element
  • Guaranteed cash bonuses totalling 54% of the sum insured, distribute to you at the 6th policy anniversary and every 3 years onwards to the 24th policy anniversary
  • Guaranteed cash value that increases gradually throughout the policy term
  • Additional dividends paid throughout the policy (non-guaranteed) and the flexibility to withdraw your savings at any time
  • Optional supplementary benefitsfootnote9 for total and permanent disability, major illnesses, accidental death and dismemberment, hospital cash and female diseases
  • You can fund your plan with a single paymentfootnote5 or pay the premiums over 5 years

Note: Lifestyle Wealth Protection Plus is not equivalent or similar to any kind of deposit.


Mortgage Protection Planfootnote3

Provide security for your family for years to come. With our mortgage protection insurance, your mortgage repayments will be protected in the event of your death. That ensures your family can continue living in the family home, safe in the knowledge that mortgage payments are covered.

This is a life insurance plan underwritten by HSBC Life (International) Limited.

Why choose Mortgage Protection Plan?

  • Covers your mortgage payments in the event of your deathfootnote14
  • Select the amount of insurance cover and the term of policy to fit with your mortgage
  • Fixed premium payment, pay monthly or annually for easy budgeting
  • 15% discount for joint applicants
  • If your circumstances change and you are aged under 60footnote1, you can convert your plan to a different life insurance policy regardless of your state of heath at the time

Note: Mortgage Protection Plan is not equivalent or similar to any kind of deposit.


Income Goal Insurance Planfootnote3

Business to fund? School fees to pay? Perhaps you are simply looking forward to a comfortable retirement. Whatever stage of life you’ve reached, turn your ambitions into reality with our Income Goal Insurance Plan.

Income Goal Insurance Plan is a long term insurance plan designed to accumulate your savings, provide life protection and create a steady stream of income for the future.

This is an annuity insurance plan underwritten by HSBC Life (International) Limited.

Why choose Income Goal Insurance Plan?

  • Accumulate your savings for 10 or 15 years (accumulation period) and you could enjoy an annuity period of 10 years
  • Boost your savings with a non-guaranteed Special bonusfootnote7
  • Stay covered for; life protection, and with extra protection against accidental death, terminal illness, unemployment and payor’s benefit for free (Conditions applied). You can also choose the optional Critical Illness Select benefit (with additional premium) to enhance protection for you.
  • Choose how you would like to receive your annuity payment, either in cash on a monthly basis for 10 years or leave your savings in the plan to earn interest.
  • You can fund your plan with a single premium or pay your premiums over 3, 5, or 10 years
  • Unless you have high levels of cover with us or choose to enhance protection with the optional Critical Illness Select benefitfootnote18 , approval of your application is generally guaranteed with no medical examination requiredfootnote19

Note: Income Goal Insurance Plan is not equivalent or similar to any kind of deposit.


EarlyIncome Annuity Planfootnote3

If you’ve turned 35footnote1 and are thinking about retirement, make sure you receive a regular income later by making a smart move now.

Our EarlyIncome Annuity Plan is a life insurance plan with a savings element which enables you to pay in to your early retirement plan for a short period while your earning power is at its peak. You can receive a monthly annuity payment as early as 1 year after your policy begins for the following 20 years. Enjoy the peace of mind that comes with knowing your retirement plan allows you to do all the things you wanted to do in retirement.

This is an annuity insurance plan underwritten by HSBC Life (International) Limited.

Why choose EarlyIncome Annuity Plan?

  • You can select the accumulation period of either one year or three years to accumulate your wealth
  • Stay covered for life protection and with extra protection against accidental death, terminal illness and unemploymentfootnote15
  • Unless you have high levels of cover with us, approval of your application is generally guaranteed with no health questions askedfootnote16

Note: EarlyIncome Annuity Plan is not equivalent or similar to any kind of deposit.


Goal Access Universal Life Plan (Education)footnote3

Give your child the ultimate head start with a plan that combines life cover with savings for their education. Set your savings goal as the insured amount and we’ll help you stay on track. You can choose to let the plan mature when your child reaches 22footnote21, or withdraw cash early to cover things like school fees or private tuition. Withdrawals are subject to Surrender Charge in the first ten policy years. Please refer to “Surrender Charge” under “Details of Charges” for details.

This is a long term universal life insurance plan underwritten by HSBC Life (International) Limited.

Why choose Goal Access Universal Life Plan (Education)?

  • Financial flexibility to adjust the sum insured if needs change10footnote10
  • Choose to boost your account value with unscheduled premiums footnote22
  • Earn daily interest – at least 2% p.a. on your account value for the first 8 years
  • Enjoy a loyalty bonusfootnote12 on your savings when the policy matures
  • Enjoy additional protection benefits on terminal illness and payor’s benefits at no extra charges
  • At policy maturity, your child can get new life cover without underwriting

Note: Goal Access Universal Life Plan (Education) is not equivalent or similar to any kind of deposit.


Target Protection Plusfootnote3

Saving for retirement or your children’s education? Or perhaps you want to start a business? Target Protection Plus is a life insurance plan with savings element that can help you achieve your goals.

The policy is underwritten by HSBC Life (International) Limited.

Why choose Target Protection Plus?

  • Comprehensive life protection with savings elements
  • Choose to fund your plan with a single premium payment or pay over 5 years
  • Enjoy the guaranteed cash bonus equivalent to 10% of the sum insured payable at the end of the policy term
  • Receive non-guaranteed annual dividends that you can receive as cash or rollover
  • Stay coveredfootnote9 for extra protection on unemployment and disability
  • Guaranteed conversion to a new whole life or endowment plan at the end of the Target Protection Plus policy term, regardless of your health state at that timefootnote2

Note: Target Protection Plus is not equivalent or similar to any kind of deposit.


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Manage your policy online

At HSBC, we understand life never stands still. Which is why you can make changes to your policy online anytime.

It's easy to:

  • check or review your policy details
  • change your payment instructions, including your premium payment account, payment method or payment frequency
  • review your claims history

You can also call our Insurance Service Hotline at (852)2583 8000 (852)2583 8000

Make a claim

Sometimes life doesn’t go according to plan and you’ll want to make an insurance claim as soon as possible.

Private health insurance

Put your health and your family’s wellbeing first with our flexible range of health insurance options.

Hospital cash insurance

Stay focused on your recovery – receive a daily cash lump sum to support you if you’re in hospital.

Preferred Care

If critical illness strikes you or your family, only the very best treatment and latest medical technology is good enough.

End Notes Select to Expand Select to Collapse

1 We consider your age to be how old you are on your next birthday. So, if you are 54 with a birthday in 6 months’ time, we consider you to be 55.

2 Without any proof of insurability, the life insured before the agefootnote1 of 60 has the right to apply for a new whole life or an endowment insurance plan which is designated by us available at such time for the same amount of sum insured.

3 You are subject to the credit risk of HSBC Life (International) Limited.
If you discontinue and / or surrender the insurance plan in the early policy years, the amount of the benefit you will get back may be considerably less than the amount of the premium you have paid.
Past, current, projected and / or potential benefits and / or returns (e.g. bonuses, dividends, interests) presented herein are not guaranteed and are for illustrative purposes only.
The actual future amounts of benefits and / or returns may be lower than or higher than the currently quoted benefits and / or returns.

4 Annual dividends are not guaranteed.

5 The single payment option allows you to pre-pay all the required premiums at a discount. The pre-paid amount after deducting the premiums due will be locked into an investment to ensure the premiums are paid and the projected investment return will be sufficient for future payments, thus you cannot withdraw the balance of a single payment unless you surrender the policy; a surrender charge6 will be imposed on the balance of single payment portion before the refund.

6 For a policy being surrendered in early years, the surrender proceeds to be received under the policy may be significantly less than the premiums paid. For single payment policy, if you surrender the policy in full or partially through reduction of sum insured, a surrender charge which is subject to change by us from time to time will be imposed on the balance of single payment.

7 The amount of Special Bonus is not guaranteed and subjected to the Company’s absolute discretion.

8 It is only applicable to the plan with policy term to age 65footnote17or to age 99footnote17. The premium of the increased sum insured is determined according to your agefootnote1 at the time of increase. This option is available for enhanced protection option only.

9 Optional supplementary benefit requires additional premiums and is not applicable to policy with single paymentfootnote5 option.

10 Increasing the sum insured is subject to (i) underwriting; and (ii) increase the policy expense charge and insurance charge. Reducing the sum insured may induce surrender chargefootnote11

11 Surrender charge ranging from 1% to 45% applies during the first 10 policy years. For a policy being surrendered in early years, the surrender proceeds to be received under the policy may be significantly less than the premiums paid and you could lose all your premiums paid in the worst scenario.

12 Please refer to Loyalty Bonus under Product Summary in the product brochure.

13 Terminal illness benefit will terminate upon the policy anniversary at which the life insured attained the age of 65footnote1, payout of this benefit or the policy is terminated (whichever is the earliest).

14 If the death benefit is paid between years, the payment will be determined up to a completed month and on a pro-rata basis.

15 Unemployment benefit is not applicable to policy with single payment option.

16 For the same life insured, if the total premiums of all of the pending applications and in-force policies of the life insured are more than the guaranteed approval limit of HKD30,000,000 / USD3,750,000, the life insured is required to complete a number of simple health questions. And the Company reserves the right to accept or reject any applications for the plan based on the information provided by the life insured during application.

17 The policy anniversary at which you reach the specified age based on age at next birthday.

18 Critical Illness Select (Additional Payment) is applicable to the life insured agedfootnote1 between 19 and 60 who is the holder of the Hong Kong Identity Card or Macau Identity Card. The benefit will terminate at the end of the annuity period or when the life insured attains the agefootnote17 of 65 or the policy is terminated (whichever is the earliest). Such benefit is not applicable to single premium policy. Please refer to the policy provisions for detail terms and conditions.

19 For the same life insured, if the total premiums of all of the pending and in-force RetireEnrich Protection Plus, EarlyIncome Annuity Plan, RetireIncome Annuity Plan and Income Goal Insurance Plan applications or policies of the life insured are more than the ‘guaranteed approval’ limit of HKD2,500,000/USD312,500 for life insured who are 15 days after birth to agefootnote1 18 and HKD30,000,000/ USD3,750,000 for life insured aged 19 to 65footnote1, the life insured is required to complete a number of simple health questions. And we reserve the right to accept or reject any applications for the plan based on the information provided by the life insured during application.

20 Monthly Annuity Payment means Monthly Guaranteed Annuity Payment plus Monthly Non-guaranteed Annuity Payment, if any.

21 Age means age at your child’s next birthday. If your child is 21 now, we consider to be 22.

22 The minimum amount of Unscheduled Premiums per transaction is USD625, which is subject to change by the Company from time to time. The acceptance of the Unscheduled Premium is at the Company’s discretion.

23 Major Illness Benefit (Advance Payment) is applicable to life insured who is from 15 days after birth to the agefootnote1 of 65. This benefit will terminate when the advance payment under this benefit is paid or when the policy is terminated. Please refer to the relevant supplemental benefits provisions for the detailed terms and conditions. Underwriting is required for this Major Illness Benefit (Advance Payment). We reserve the right to accept or reject any applications for this Major Illness Benefit (Advance Payment) based on the information provided by the life insured during application.

24 The premium adjustment will be determined in accordance with the Company’s prevailing rate table applicable to this class of Policy and the Insurance Age of the Life Insured at the time of adjustment. Any change in premium rate is based on factors including but not limited to medical inflation, changes in medical practice and actual claim experience at the time of adjustment. A notice of such premium adjustment will be sent to the Policyholder prior to it taking effect.

25 The total Sum Insured of all the pending and in force applications or policies issued under HSBC Life (International) Limited 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 above 50). The Death Benefit equals to the Sum Insured less outstanding premiums (if any). The Company reserves the right to accept or reject any applications for the Plan based on the information provided by the Life Insured during application.

26 The policy anniversary at which the Life Insured reaching 80 based on age at next birthday.

27 If you cancel the Policy or the Policy is lapsed or terminated for any reasons, you will not get back the premium you have paid.

28 The new policy must be a prevailing product determined by the Company at the time of policy conversion and its conversion will be subject to prevailing regulatory and the Company’s requirements. Please refer to Policy Provisions for detailed terms and conditions.

29 The Policy Anniversary at which the Policyholder or the Life Insured is of the specified age based on age at next birthday.
30 You may apply to exercise this Policy Value Management Option to allocate a portion of the Net Cash Value as of the date of such request is processed, to the Policy Value Management Balance32 provided that:
  • This Policy has been in force for 20 Policy Years or more;
  • All premiums are paid up when due; and
  • There is no Indebtedness33 under the Policy.
31 The exercise of the Policy Value Management Option is subject to the minimum amount requirements on (i) the Net Cash Value to be allocated per transaction; and (ii) the Sum Insured after the exercise of this option. Such minimum amount requirements are determined by the Company from time to time without prior notice to Policyholder.
32 Policy Value Management Balance means the amount of the accumulation of the proceeds from exercising the Policy Value Management Option30,31 which is allocated to the Policy to accumulate at such non-guaranteed interest rate(s) that are determined at the Company’s discretion from time to time, and less any previously withdrawn amounts.
33 Indebtedness is the sum of all outstanding Policy Loans or Automatic Premium Loans advanced in accordance with the Policy plus the accrued interest on such loans as well as any outstanding premiums or payments.