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A family dinning at lakeside; image used for HSBC Singapore Life Variable Annuity.

HSBC Life Variable Annuity

An extraordinary variable annuity plan for an extraordinary retirement.

Dedicate your life to your greatest pursuits

And do it with the peace of mind that comes with a secured future.

HSBC Life Variable Annuity is a capital guaranteed1 retirement solution that is designed to provide you with a stream of guaranteed monthly retirement income.

A one-time investment in US dollars, this plan helps to boost your retirement income by giving you the chance to benefit from market upside performance and protect against downside risk.

Key features

  • Capital guaranteed - HSBC Life Variable Annuity retirement solution keeps your capital safe while you stay invested.
  • Benefit from market upsides / Protection when market falls - Your Guaranteed Payout Base (GPB) is locked-in based on the higher account value, whenever it increases on every monthiversary2 of your policy. It will never decrease once it is locked-in3.
  • Receive a stream of guaranteed monthly payouts and potential lump sum at the end of the policy term to fund your retirement.
  • High liquidity - access your account value4 any time without charge!

Unique benefits

Access to HSBC Life FlexConcept Fund (USD) specially managed by Hauck & Aufhäuser Fund Services S.A..

How it works

Get in touch

Call us on 1800-HSBC NOW (4722 669) or find your nearest branch to apply in person.

For all policy servicing-related enquiries, please call (65) 6880 4888.

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's 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


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

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 is available and can be obtained from our authorised product distributor. A person interested in this product should read the relevant 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 document.

HSBC Life (Singapore) Pte. Ltd. reserves the right to review and amend the subscription of units and fees including the Asset Management Fee/Accounting and Valuation Fee by giving you at least 30 days' advance notice.

Policy Owners' Protection Scheme

This policy is protected under the Policy Owners' Protection Scheme which is administered by the Singapore Deposit Insurance Corporation Limited (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 (LIA) website at or SDIC at

Information is correct as at 1 February 2023.

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


1Your capital is guaranteed only if you hold the policy to the end of the policy term and provided you have not made any partial withdrawals. The total amount of the monthly payout that you will receive will at least be equal to the amount of your invested capital.

2Monthiversary refers to the day falling on monthly intervals, starting on the issue date of the policy.

3The highest monthly account value "lock-in" feature ("ratchet" feature) retains the market upside performance (i.e. lock-in the highest monthly account value which will not be adjusted downward subsequently) during the chosen Policy term. The locked-in value will then determine the monthly payout amount during the payout period selected. If you hold this Policy until maturity, the aggregate monthly payout received is guaranteed to be at least 100% of the single premium paid. The Guaranteed Payout Base (GPB) is only used to determine the monthly payout amount and if you surrender your Policy before maturity or make any partial withdrawal during the policy term, you will only receive the prevailing account value (and not the GPB amount).

4A full withdrawal of units is considered a surrender of your Policy and your Policy will terminate. Any partial withdrawal will reduce your Policy account value accordingly and the Guaranteed Payout Base, monthly payout and Sum Insured proportionately. If you surrender your Policy before maturity or make any partial withdrawal during the policy term, you will only receive the prevailing account value (and not the GPB amount).