Features & benefits
Protecting your commitmentsWhether it is planning for a comfortable retirement or providing for your children's education, our Savings Protector can help you to seal your goals. This plan is suitable if you wish to have a higher protection coverage to protect your financial goals.
- Guarantee through thick and thinOur Savings Protector plan guarantee your capital1 at the end of the policy term even during a market downturn. You can also potentially enjoy higher payouts through non-guaranteed reversionary2 and terminal3 bonuses on maturity.
- Flexibility to meet your goalsOur Savings Protector plan can be tailored to best fit your needs.
You can choose:
- Premium payment terms from 3 to 5 years to suit your financial situation.
- To draw out coupons4 (2.5% of the sum insured) every six months from the end of the third policy year to enjoy a steady income, or to reinvest the coupons to enjoy potentially higher return and yield at maturity.
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 cost and the surrender value, if any, that is payable to you may be zero or less than the total premiums paid.
1Capital is guaranteed at maturity through the guaranteed maturity benefit (inclusive of total guaranteed coupons) upon policy expiry without any claims. The guaranteed maturity benefit excludes any additional premiums paid for optional supplementary benefits.
2Reversionary bonuses are not guaranteed but once declared, it forms part of the guaranteed benefits of your policy.
3Terminal bonuses are not guaranteed and may be payable from the end of policy year 8.
4Coupons deposited will accumulate at the prevailing interest rate and is subject to change from time to time.
Savings Protector is underwritten by HSBC Insurance (Singapore) Pte. Limited (Reg. No. 195400150N), 21 Collyer Quay #02-01 Singapore 049320 and distributed by HSBC Bank (Singapore) Limited (“HSBC”). It is not an obligation of, a deposit in, or guaranteed by HSBC.
This webpage contains only general information. It does not constitute an offer to buy or sell an insurance product or service. A person interested in this product should read the relevant product summary for details before deciding whether to buy this product. You may wish to seek advice from a financial consultant before making a commitment to purchase this product. In the event that you choose not to seek advice from a financial consultant, you should consider whether this product in question is suitable for you.
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.
This advertisement has not been reviewed by the Monetary Authority of Singapore.
Information is correct as at 29 May 2019.
This material is issued by HSBC Bank (Singapore) Limited.