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Products and Services
HSBC Insurance Unit-linked Whole of Life( ULRA, ULRB)
HSBC Insurance Single Premium Unit-linked Whole of Life ( ULSA, ULSB)
HSBC Insurance Unit-linked Whole of Life( ULRA, ULRB)
Benefit items: Death (or Funeral expense) / Total disability / Maturity benefits
Use and file number: 97.02.12 HSBC Life 08003
Use and file number: 97.06.05 HSBC Life 08022
HSBC Insurance Single Premium Unit-linked Whole of Life ( ULSA, ULSB)
Benefit items: Death (or Funeral expense) / Total disability / Maturity benefits
Use and file number: 97.01.10 HSBC Life 08001
Use and file number: 97.06.05 HSBC Life 08026
HSBC Insurance (Single Premium) Unit Linked Whole of Life is a non-participating insurance product. It neither participates in bonus distribution nor has a bonus benefit feature. The historical performance of the issuing or managing institution of the underlying assets linked to this Product guaranties no investment yield in the future. Unless otherwise provided in the insurance contract, HSBC Insurance bears no responsibility for gain and loss in the said investments.
For the public disclosure information ( product information together with the policy provisions included) of HSBC Life (International) Limited Taiwan Branch (“HSBC Insurance”), please contact HSBC Insurance’s Customer Service Center ( Toll free service hot line : 0800-66-1311) or visit HSBC Insurance’s website at http://www.hsbcinsurance.com.tw
What is important to your financial goal?
Seeking the potential for investment return or keeping your family financially safe in case you can not be there to support them. HSBC Insurance Unit-linked whole of life insurance provides customers with mutual fund investment and whole life protection so as your life changes, you can modify the protection and investment element to accommodate your needs, helping you complete investment and protection in one go.
Investment, Protection, What do you need??
Let HSBC Insurance Unit Linked Whole of Life helps you with both.
- Long term investment. Let " time" help you accumulate protection.
- Flexible premium term/amount makes investment and protection plan easy.
- Professional recommendation on underlying mutual funds by HSBC MultiManager.
- Loyalty Bonus available from the sixth year onwards.
Fees and Charges
- Initial Charge:
| i. | % of Regular Planned Premium (Annual or Monthly Premium Mode) |
| Policy Year | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 |
| Sum Assured < 5M | 50% | 35% | 25% | 10% | 5% |
| Sum Assured ≧ 5M | 48.5% | 33.5% | 23.5% | 8.5% | 3.5% |
| ii. | Single Premium: 5% of premium |
| iii. | Top-Up: 5 % of premium |
- Monthly Deductions (charged monthly deduct from Account Value):
| Cost of Insurance | Based on the attained age, sex or underwriting loading of the insured and net amount at risk. |
| Maintenance Fee | Flat NT$100 per month (Flat NT$30 per month for Single Premium) |
- Fund Switching Fee: NT$500 Per Switch (6 Free Switches Per Year)
Note: The fees and charges referred above can be changed as prescribed in the related policy provisions. - Investment related Charges:
Charged by the mutual funds or the fund houses as provided in the fund prospectus. However, the fund prescription fees are paid by HSBC Insurance.
Benefit Overview
- Death / TPD Benefit:
The following amount will be paid upon death or total permanent disability (TPD) of the insured.
| Type A | Type B |
| Max. {Sum Assured, Account Value} | Sum Assured + Account Value |
| This policy shall be terminated upon payment of death benefit / TPD benefit. | |
- Maturity Benefit:
If the insured attains age 99, the company will pay Account Value and this policy shall be terminated. - Surrender Benefit:
The policyholder can cancel the policy and the company will pay the Account Value less any indebtedness. Customers may also make partial surrender without additional service charges from HSBC Insurance.
Funds List
Fund Name | Currency |
| AllianceBernstein - Global High Yield Portfolio | USD |
| Baring Eastern Europe Fund | USD |
| Baring EUROPA Fund | USD |
| Baring Global Resources Fund | USD |
| Baring Japan Fund | USD |
| Fidelity Funds – America Fund | USD |
| Fidelity Funds – International Fund | USD |
| Fidelity Funds – Pacific Fund | USD |
| Fidelity Funds II – Euro Currency Fund | EUR |
| HSBC European Star Fund of Funds | TWD |
| HSBC New Japan Fund of Funds | TWD |
| HSBC BRIC Fund | TWD |
| HSBC NTD Money Management Fund | TWD |
| JPM USD | USD |
| JF (Taiwan) Taiwan Fund | TWD |
| JF ASEAN Fund | USD |
| JPM (Taiwan) Global Dynamic Fund | TWD |
| JPM (Taiwan) Global Emerging Markets Fund | TWD |
| JP Morgan Funds- Europe Strategic Growth Fund- JPM Europe Strategic Growth A (dist)- EUR | EUR |
| JP Morgan Funds- US Dynamic Funds- JPM US Dynamic A (dist) - USD | USD |
| BGF Latin American Fund A2 USD | USD |
| BGF New Energy Fund A2 USD | USD |
| BGF World Mining Fund A2 USD | USD |
| AllianceBernstein-American Income Portfolio A2 | USD |
| AllianceBernstein-Global Bond Portfolio A2 | USD |
| AllianceBernstein-Global Growth Trends Portfolio | EUR |
| Baring Global Emerging Markets Fund | USD |
| Baring International Bond Fund | USD |
| Fidelity US Dollar Bond Fund | USD |
| HSBC NTD Money Management Fund 2 | TWD |
| HSBC Pacific Stars Fund | TWD |
| HSBC Taiwan Safe & Rich Fund | TWD |
| JF India Fund | USD |
| JF Korea Fund | USD |
| JF Thailand Fund | USD |
| JPM US Value Fund | USD |
| JF(Taiwan) Global China Concept Fund | TWD |
| BGF Emerging Europe Fund A2 USD | USD |
| BGF Global Allocation fund A2 USD | USD |
| BGF World Gold Fund A2 USD | USD |
| BGF Emerging Europe Fund A2 EURO | EUR |
| BGF Global Allocation fund A2 EURO | EUR |
| BGF World Mining Fund A2 EURO | EUR |
| * | Premium allocated to each unit fund must be the multiple of 5% and the total of fund allocation must be 100%. |
| * | Premium Allocation: Each policy holds up to 20 funds |
| * | All funds are issued by the fund houses. For details, please refer to the fund prospectus. |
| * | The funds available for this Product may be added or subtracted pursuant to permission from the competent government agency. For details, please refer to the related policy provisions. |
Important Notice:
| 1. | The Product is issued by HSBC Insurance. Its distribution is through HSBC Bank. |
| 2. | The Product is an insurance product and is protected by Life Insurance Stablization Funds. It is not a deposit product, so deposit insurance is not granted. |
| 3. | The investment part of this product is kept in a separate account. Customers bear the investment risk. The protection from Stablization Funds is restricted to the insurance protection only. Investment portion is not under the protection of Stablization Funds. |
| 4. | When the terms of premium collection is provided as lump sum collection, the balance of the Account Value will be determined by premium paid, investment return, deduction of related fees/charges, loan principle/interest amount, surrendered amount, and paid policy proceed. When the terms of premium collection is provided as regular collection, the said plan will suit you only when you are sure to make long term investment. Before deciding the capped premium affordable for you, you shall prudently consider all other expense you might bear in the future. Once the policy is terminated, the surrendered amount may be smaller than premium paid. |
| 5. | Underlying assets are issued by their respective companies according to the applicable laws and regulations. While HSBC insurance arranges investment, benefit payment, deduction/returning of policy account value according to the insurance contract, the asset value is paid by the said asset issuers and all the investment gain and loss shall be born by the policyholder and beneficiary(ies). The policyholder and beneficiary(ies). take the investment risk, which includes legal, foreign exchange, market, and credit risks. |
| 6. | The underlying assets or subscription or redemption of the underlying assets may be stopped or suspended temporarily. Please refer to the related policy provisions for details. |
| 7. | The product is confirmed by qualified signatories of HSBC Insurance that it is complied with general actuarial principles and insurance laws. To ensure rights as well as the fair principles between insurance company and customers, customers should read and understand policy provisions and related documents, and select insurance products carefully. HSBC Insurance and its responsible person shall bear legal liability for any incompliance with laws, falsehood or misrepresentation. |
| 8. | Cancellation of policy or stopping premium payments is unfavorable to customers. Please carefully choose insurance products according to your needs. |
| 9. | All detailed rights and obligations of insurance contracts are prescribed in policy provisions. Customers must read and understand them. Besides, customers should take advantage of the free look period (10 days starting from the next day after the receipt of the policy). |
| 10. | The change of related tax regulations/laws will affect the investment return and the amount of the proceeds. |
| 11. | If the assured is less than 14 years old or mentally disabled or retarded at the time when the insurance contract is entered, the death benefit will be transformed into funeral expenses. The funeral expenses exclude the Account Value of investment portion. For details, please refer to the related policy provisions. |
| 12. | Only when the percentage of the death benefit divided by the Account Value is more than a certain figure will the premium be allowed to collect. No matter Type A or Type B, the death benefit of the same assured shall be capped at NTD 60 millions. In addition, the collected premium amount shall meet the related rulings publicly announced by HSBC Insurance at the time when collecting premium. For details, please refer to the policy provisions governing premium collection restriction. |
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.
