HSBC Ruby Global Life Insurance Plan

Because your business is precious

Business protection is of paramount importance

In today’s ever-changing environment, business protection is vital to safeguarding your company against unexpected risks and keeping the business running smoothly. That’s why you need flexible and practical business insurance solutions that are right for you.

Introducing HSBC Ruby Global Life Insurance Plan, a solution specially for HSBC Commercial Banking customers, where we provide coverage including keyman protection, business succession planning and employee benefits.

 

Exclusive offers

HSBC Commercial Banking Customers who have successfully applied for the HSBC Ruby Global Life Insurance Plan during the promotional period can enjoy the following offers*:

Promotional period: Starting from today to 4 February 2019

Payment Methods Premium Discount Offers*
Annual Premium Payment 6% of the first year premium amount
Single Premium Payment 3% of the single premium amount

 

* Please refer to “General Terms and Conditions (PDF, 703KB)” for details of the offers.

 

Key features and benefits

Life-long protection:

  • Evolving coverage up to age1 99 :
    • If the Life Insured dies during the first 15 policy years, a Death Benefit amount equivalent to the higher of 100% of the Sum Insured or Guaranteed Cash Value; plus non-guaranteed Special Bonus ; and
    • If the Life Insured dies anytime after the first 15 policy years, a Death Benefit amount equivalent to the higher of 50% of the Sum Insured or Guaranteed Cash Value; plus non-guaranteed Special Bonus.

Affordable entry level:

  • Minimum Sum Insured starts as low as US$400,000.

Flexible term of Change of Life Insured2:

  • Allows a maximum of 3 times in Change of Life Insured2 under corporate policies for business-succession planning.

Please see product summary, important notes and key risks in the product brochure (PDF, 2.77MB). For more details about participating policy, please refer to policy dividend leaflet (PDF, 91KB) for participating products.

 

More information

We are here to support you to protect your business. Please contact your Relationship Manager, Insurance Sales Manager or visit HSBC Business Centre for further details.

 

HSBC Ruby Global Life Insurance Plan is a whole life insurance plan with a savings element. It is underwritten by HSBC Life (International) Limited (“the Company”). The Company is incorporated in Bermuda with limited liability, and is one of the HSBC Group’s insurance underwriting subsidiaries. The Company is authorised and regulated by the Insurance Authority (“IA”) to carry on long term insurance business in the Hong Kong SAR. The Hongkong and Shanghai Banking Corporation Limited (referred to as “HSBC”) is an insurance agent authorised by the Company. The plan is a product of the Company but not HSBC and it is intended only for sale through HSBC in the Hong Kong SAR.

Notes

  1. Age means the age of the Life Insured or the Policyholder where applicable at his/her next birthday.
  2. A maximum of 3 times in Change of Life Insured under corporate policies. Change of Life Insured is only allowed after the 1st policy year and subject to evidence of insurability and approved by the Company; and is subject to the underwriting conditions of the Life Insured. Any such request will be assessed on case-by-case basis and is at our discretion, with consideration of multiple factors, including but not limited to the change in underlying mortality risk, change in policy term, latest economic outlook; and is at our discretion.

Disclaimers

The plan provides guaranteed cash value and non-guaranteed special bonus. The amount of any potential special bonus will be determined by the Company when it becomes payable. If the policyholder discontinues and/or surrenders the policy in the early policy years, the amount of the benefits he/she will get back may be considerably less than the total premiums paid.

The policyholder is subject to the credit risk of the Company. Your premiums paid will form part of the Company's assets. You do not have any rights or ownership over any of those assets. Your recourse is against the Company only.

Please refer to the respective product brochure and policy provisions for detailed features, terms and conditions and exclusions.

For monetary disputes arising between HSBC and you out of the selling process or processing of the related transaction, HSBC will enter into a Financial Dispute Resolution Scheme process with you; however any dispute over the contractual terms of the product should be resolved between the Company and you directly.

Call us on

+852 2748 8238

Please contact your Relationship Manager or Insurance Sales Manager for further details.

Call us on

+852 2748 8238

Please contact your Relationship Manager or Insurance Sales Manager for further details.

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