Life Protect Advantage

  Enjoy greater coverage with these one-of-a-kind benefits:

Dealing with the death of a family member is stressful. During these times, the least we can do is to reduce your financial burden. Guaranteed Family Waiver is a unique feature in the market that promises that all your future premiums will be waived after the unexpected loss of your spouse or parent¹.

The economy can be unpredictable due to market volatility. Life Extender Multiplier ensures that you are well covered until the end of your policy term, by giving you the flexibility to keep your multiplier up to age 99. You can opt for this option every 5th policy anniversary or during specific life stages before age 60. Fund it with additional premiums or request a policy loan.

As you journey through different life stages, your needs evolve. With Guaranteed Insurability Option, you are eligible to buy any life insurance plan² offered by us, without having to undergo any medical underwriting.

To know more about Life Protect Advantage and the riders available, you can speak to any of our authorised distributors listed below:

For all policy servicing related enquiries, please call (65) 6225 6111.

As buying a life insurance policy is a long-term commitment, an early termination of the policy usually involves high costs and the surrender value, if any, that is payable to you may be zero or less than the total premiums paid. It is also detrimental to replace an existing life insurance policy with a new one as the new policy may cost more or have fewer benefits at the same cost.

¹In the case of a juvenile policy owned by the Life Insured’s parent, the Family Waiver will cover the life of the parent.

²You can buy term/whole life/endowment policy that is available at the point of time. Please refer to the policy documents for the full terms and conditions applicable to this feature.

Disclaimer

Life Protect Advantage is underwritten by HSBC Insurance (Singapore) Pte. Limited (Reg. No. 195400150N).

This webpage contains only general information and does not have regard to the specific investment objectives, financial situation and particular needs of any specific person. It does not constitute an offer to buy or sell an insurance product or service. A copy of the Product Summary in relation to Life Protect Advantage is available and can be obtained from our authorized product distributor. A person interested in this product should read the product summary for details and seek advice from a qualified Financial Adviser before deciding whether to buy this product. Please also refer to the exact terms and conditions, specific details and exclusions applicable in the policy documents that can be obtained from the Financial Adviser.

Policy Owners' Protection Scheme

This policy is protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact us or visit the Life Insurance Association of Singapore (LIA) or SDIC websites: www.lia.org.sg or www.sdic.org.sg. 

Information is correct as at 30 March 2020.
This material is issued by HSBC Insurance (Singapore) Pte. Limited.
This advertisement has not been reviewed by the Monetary Authority of Singapore.