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Yearly Life Endowment (2YLE)
Yearly Life Endowment (2YLE)
2YLE is a non-participating endowment with whole life protection, 10% simple increment on basic sum assured annually during premium payment period and level afterwards. The product features are listed below:
- Death benefit and Total Disability Benefit
Chose maximum of (Sum assured, policy value, or premium paid subtracting coupon received) - Maturity benefit
Sum assured plus 10% Basic Sum assured will be paid if insured is alive at age of 100 - Coupon
10% annually beginning at the end of premium payment period until insured age at 99. - Premium Paid Period
2 years - Protection Coverage
Until insured age at 100
Products declaration
- HSBC cooperate with HIBT to provide regulator authorized insurance products. Insurance products are not saving products. It was protected by Insurance Stabilization Funds, not by Central Deposit Insurance.
- The related liability of insurance products was fully taken by insurance company, not by HSBC or HIBT.
