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Level Term 5 Years Convertible and Renewable Plan
Benefits and features
- Provides coverage against death
- Provides coverage against total permanent disability
- Option to renew plan
- Option to convert plan to whole-life or saving policy
We all strive to provide the best for our families. That is why you should secure their future by protecting them against financial loss should any unforseen misfortune such as untimely death or disability happen to you.
With Level Term 5 Years Convertible and Renewable Plan, you can prepare for the unexpected, and provide your family with financial protection at an affordable cost. Plus, you have the flexibility to renew the plan or convert it to a savings plan or whole life plan in the event your needs change along the way. All this without the hassle of repeated health checks.
How you can benefit?
Life insurance protection
You will receive a lump sum benefit of the sum insured in the event of death during the term of the policy. Upon total and permanent disability, you will receive the sum insured in five equal annual instalments, and all future premiums will be waived.
Affordable premium
This is an ideal plan if you need high insurance protection at a low cost. Premiums start from as low as S$1 per day.
Short-term commitment
The policy term is five years, after which you can choose to renew or convert to another plan.
Flexibility
At the end of each 5-year term (before reaching 60 years of age), you can choose to renew your plan for another five years, without the need to go for another health check or answer any health questionnaires. The premium will be based on your age at the time you renew your plan.
Guaranteed convertibility to other comprehensive plans
Your protection needs may change over time. Therefore, you can choose to convert up to S$200,000 of the sum insured into a whole life or a savings plan to better meet any new insurance objective. There is no need to go for another health check or answer any health questionnaires. The premium will be based on your age at the time you covert the plan.
Simple enrolment process
No medical examination needed if you are below 56 years old, in good health and have a sum insured of up to S$200,000.
Convenient premium payment
Premiums can be paid monthly, quarterly, semi-annually or yearly, through GIRO or by cheque.
Sign up today!
Level Term 5 Years Convertible and Renewal Plan is so flexible that it can fit your life at every stage. So start planning for your future today, with complete flexibility and affordability.
Act now
- Phone: 1800-HSBC NOW (4722 669) in Singapore or (65) 6-HSBC NOW (4722 669) from overseas.
- Make an appointment with us today.
*Computation is based on a 25 years old male, non-smoker, for a sum assured of S$240,000.
Important notes
This product is underwritten by HSBC Insurance (Singapore) Pte. Limited 10 Eunos Road 8 #11-01 Singapore Post Centre Singapore 408600. This product is not an obligation of, deposit in or guaranteed by The Hongkong and Shanghai Banking Corporation Limited.
This webpage contains only general information, it does not constitute an offer to buy or sell an insurance product or service. It is also not intended to provide any insurance or financial advice. A person interested in this product should read and consider the Product Summary and Benefit Illustration in deciding whether to buy this product. You can ask for the Product Summary from our authorised agents and distributors.
Buying a life insurance policy is a long-term commitment. An early termination of the policy usually includes high cost and the surrender value payable may be less than the total premiums paid.
HSBC Insurance (Singapore) Pte. Limited’s authorised agents and distributors, including The Hongkong and Shanghai Banking Corporation Limited (together “the Agents”) are neither underwriter nor broker for the customer. To the fullest extent permissible pursuant to applicable law, the Agents make no warranties or representation as to the accuracy, correctness, reliability or otherwise of the content of this marketing materials. Under no circumstances, including, but not limited to negligence, shall the Agents or any party involved in creating, producing or delivering the marketing material to be liable to you for any direct, incidental, consequential, indirect, or punitive damages that result from the use of, or the liability to use, the information in this marketing materials, even if the Agents have been advised of the possibility of such damages.
The Agents and/or their employees will receive a commission from HSBC Insurance (Singapore) Pte. Limited in respect of this transaction. The Agents are not suppliers of the products and services and will not accept liability in relation hereto.
Issued by The Hongkong and Shanghai Banking Corporation Limited, which is incorporated in the Hong Kong SAR with limited liability.
Next steps
Call us on 1800-HSBC NOW (4722 669) in Singapore or (65) 6-HSBC NOW (4722 669) from overseas
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