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Retirement

Insurance

Senior Citizen Pay Life (SC2PL)

SC2PL is a non-participating increasing whole life protection. The product features are listed below:

  • Increasing sum assured
    100% basic sum-assured increased on 2nd , 3rd , and 6th  policy year.
  • Death benefit and Total Disability Benefit
    Chose maximum of (Sum assured, policy value, or premium paid)
  • Premium Paid Period
    2 years
  • Protection Coverage
    Whole Life time

Biennial Endowment (B1B2)

B1B2 is a non-participating 6/10/20-year-premium-paid whole life with biennial coupons payment at the end of 3rd (B1A) policy year and 2nd (B2A) policy year until age 100. The product features are listed below:

  • Premium Paid Period
    6/10/20 years
  • Protection Coverage
    Until the age of 100
  • Death and total disability benefit
    Chose maximum of (200% of basic sum assured, Cash Value, or Premium paid deducted coupons received)
  • Coupon
    B1A: 10% of basic sum assured every biennial policy year at the end of 3rd policy year.
    B2A: 10% of basic sum assured every biennial policy year at the end of 2nd policy year.
  • Maturity Benefit
    200% of basic sum assured will be paid if insured is alive at age 100.

Immediate Annuity (IA)

IA is designed for customers who have Saving Needs, Tax Planning, Retirement Planning. The product feature are as followed:

  • Sum Assured
    2,000~100,000/Monthly
  • Single Payment
  • IA1
    Guaranteed Certain Period 15 years
  • IA2
    Guaranteed Cash Refund
  • Accelerative paid-up discount rate
    1.85% (Compound)

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.

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