Following the acquisition in February 2022, AXA Insurance Pte. Ltd. will be integrated into the HSBC Group via a Scheme of Transfer. HSBC Insurance (Singapore) Pte. Ltd. will transfer its business to AXA Insurance Pte. Ltd, which will be renamed to HSBC Life (Singapore) Pte. Ltd. To all our existing policyholders, we would like to assure you that the transfer will not change the policy obligations and the services provided to you. All policy benefits due to policyholders will still be valid and in force until policies expire. The validity of the policies will not be affected by the transfer as any policy benefits due to the policyholder under the terms and conditions of the insurance policy will continue to be honored by HSBC Life (Singapore) Pte. Ltd. No new policy documents or certificates of insurance need to be issued. Your current insurance policy will remain in force in accordance with its existing terms and expiry date.