HSBC Life Insurance

HSBC is a global banking, investment and financial management giant engaged in just about all the financial services you can think of. Its insurance services cover both life insurance with unemployment, sickness insurance as well as non-life coverage such as home, automobile and other insurance needs like travel, student and pet insurance. Choosing HSBC are your insurer is a literally a lifelong commitment on both sides and you can be sure to enjoy the following advantages.

Insurance Options with Life Choices

The HSBC protection package is among the many financial services it offers and falls under its LifeChoices insurance service brand. This covers life, unemployment and illness insurances that consumers can combine together based on their needs. If you’re aged 18 to 65, you are qualified to avail of any or a combination of LifeCHoices insurances policies, as follows.

LifeChoice: This is the life cover or insurance against death, permanent disability or terminal illness that puts you at a life expectancy of no more than 12 months. You get a lump sum cash pay out as stipulated in your policy.

SicknessChoice: This is the sickness cover where you get up to 50% of your taxable monthly gross salary if you contract a qualified illness or physical injury from an accident as certified by a general practitioner that renders you incapable of working for more than 30 days.

UnemploymentChoice: This is the unemployment cover where you get up to 50% of your taxable monthly gross salary if you get involuntarily unemployed for more than 30 days.

TraumaChoice; This is the serious illness cover where you get a lump sum payout if you contract a terminal disease or condition like cancer, heart attack, multiple sclerosis, stroke and coronary artery by-pass surgery, among other life-threatening health conditions.

The SicknessChoice and UnemploymentCHoice provide monthly payouts only while the LifeChoice and TraumaChoice provide lump sum pay out. The protection package can be tailored with the following allowed combinations:

Unemployment or sickness, together with

Life or serious illness lump sum cover.

Instant Cover Online

The HSBC website provides a personalized online insurance quote for employed and self-employed applicants in just 2 minutes. You get insured from the phone, online or from a local HSBC branch near you. You get instant coverage over the phone or online for up to £25,000 without paperwork, up to £250,000 with paperwork over the phone and up to £1 million with paperwork in any HSBC branch office. You can have immediate insurance coverage online in just under 6 minutes with a minimum premium of just £6 a month.

Special Value Features

Customers under the HSBC Premier and HSBC Plus plans can enjoy a 25% monthly premium discount on their first 12 months into the policy. And unlike other online insurance service companies that often leave it out, HSBC leverages on its financial expertise to provide financial consultancy service on what insurance package best suits your individual and family needs.