Realising your promises with Life Protect Advantage

A simple participating whole life plan, Life Protect Advantage is designed to help you keep your promises to your family despite life’s unexpected changes.

 

It offers flexibility to enhance your coverage with exclusive riders throughout the policy term, and also to accumulate policy cash value with guaranteed and non-guaranteed bonuses, which may be declared from time to time.

Key features

  • Basic Coverage

    Death and Terminal Illness up to age 99.

    Total and Permanent Disability up to age 70.

  • Flexible Premium Term
    Choose from 10, 15, 20 or 25 years.
  • Life Advantage Multiplier
    Boost coverage up to 5x sum insured until age 70.

Unique benefits

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

A father embracing crying son.

Guaranteed Family Waiver

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.

Family celebrating senior man's birthday.

Life Extender Multiplier

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.

Couple on the sofa watching movie.

Guaranteed Insurability Option

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.

Enhance your protection with optional riders

  • Early Critical Protect Advantage
    Covers early, intermediate and advanced stages of critical illnesses.
  • Critical Protect Advantage
    Covers advanced stage of critical illnesses.
  • Critical Waiver Protect Advantage
    Waives future premiums upon diagnosis of advanced stage of critical illnesses.

Get in touch

To know more about Life Protect Advantage plan, you can speak to the following HSBC Insurance authorised distributors:*

Availlis Financial logo.

Avallis Financial Pte Ltd

Call  : (65) 62205333
Visit : www.avallis.com

Financial Alliance logo.

Financial Alliance Pte Ltd

Call  : (65) 62221889
Visit : www.fa.com.sg

IPP Financial Advisers logo.

IPP Financial Advisers Pte Ltd

Call  : (65) 65118800
Visit : www.ippfa.com

Promise Land logo.

Promiseland Independent Pte Ltd

Call  : (65) 65054100
Visit : www.promiseland.com.sg

 Synergy Financial Advisers logo.

Synergy Financial Advisers Pte Ltd

Call  : (65) 66541888
Visit : www.synergy.com.sg

PIAS logo.

Professional Investment Advisory Services Pte Ltd

Call  : (65) 6372 5700
Visit : www.proinvest.com.sg

Finexis logo.

Finexis

Call  : (65) 63415300
Visit : www.finexis.com.sg

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

What else should I know?

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.

More information

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

*The Life Protect Advantage Plan is underwritten by HSBC Insurance (Singapore) Pte Limited (Reg No. 195400150N), 21 Collyer Quay #02-01, Singapore 049320 (HSBC Insurance). This product is sold through certain authorized distributors of HSBC Insurance and not directly by HSBC Bank (Singapore) Limited.

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 21 May 2019.
This material is issued by HSBC Insurance (Singapore) Pte. Limited.
This advertisement has not been reviewed by the Monetary Authority of Singapore.