Sapphire Prestige Income II

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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.

¹Monthly payouts are in the form of regular income that is made up of Guaranteed Monthly Payout and non-guaranteed Monthly Cash Bonus. The first Payout Date of the regular income will vary according to the premium term of your policy. 

²Applicable to single premium policies only.

³Regular income is payable as long as the policy continues to be in force or to age 120 of the original life insured.

 ⁴The regular income accumulates at a non-guaranteed interest rate determined by HSBC Life (Singapore) Pte. Ltd. and is not guaranteed. Interest rate may vary according to prevailing investment conditions.

⁵Not applicable to policies purchased through Supplementary Retirement Scheme.

⁶Not applicable to policies where the premium is paid in one lump sum, and policies owned by a business organisation or corporation. Please refer to Product Summary for more information. 

⁷The Death and Terminal Illness Benefit payable is the sum of:

• 105% of the Premium paid;
• Terminal Bonus (if any), and
• accumulated regular income and interest (if any)

less any amount owing to HSBC Life (Singapore) Pte. Ltd.

⁸While the policy is in force and before the life insured reaches age 76, if the death is caused by an accident in the first 36 months from the Commencement Date or Date of Issue (whichever is later), the Accidental Death Benefit payable is the sum of:

• 110% of the Premium paid;
• Terminal Bonus (if any), and
• accumulated regular income and interest (if any)

less any amount owing to HSBC Life (Singapore) Pte. Ltd.

⁹For regular premium payment term of 3-years, cash values are available from the start of the 3rd policy year.

¹⁰The policy matures on the policy anniversary when the original life insured is age 120. The policy will terminate when the Maturity Benefit is paid.

Disclaimer

HSBC Life Sapphire Prestige Income II is underwritten by HSBC Life (Singapore) Pte. Ltd. (Reg. No. 199903512M) and distributed by HSBC Bank (Singapore) Limited ("HSBC"). It is not an obligation of, a deposit in, or guaranteed by HSBC.

This webpage contains general information only and does not have regard to the specific investment objectives, financial situation and particular needs of any specific person. This is not a contract of insurance and is not intended as an offer or recommendation to buy the product. A copy of the product summary may be obtained from our authorised product distributors. You should read the product summary before deciding whether to purchase the product. You may wish to seek advice from a financial adviser before making a commitment to purchase the product. In the event that you choose not to seek advice from a financial adviser, you should consider whether the product in question is suitable for you. Please refer to the policy contract for the exact terms and conditions, specific details and exclusions of this product.

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 LIA or SDIC websites (www.lia.org.sg or www.sdic.org.sg).

Information is correct as at 27 March 2023.

This advertisement has not been reviewed by the Monetary Authority of Singapore.