Keyman Protection

A promise to help ensure what you have built, will last.

Call us on +852 2748 8238

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Because a promise is a promise

Your business is built on countless days and nights of hard work by you and your partners. But life can be unpredictable. That’s why it’s important to take steps to safeguard all those accomplishments. HSBC Life provides you with a suite of keyman protection solutions, so that you will receive a timely protection benefit to overcome your interim financial needs in the unfortunate event of death of the insured person under your policy. And that your partners and investors will remain confident in your company’s prospects.

Ruby Global Life Insurance Plan

HSBC Ruby Global Life Insurance Plan is one of our keyman protection solutions to help secure your business by providing the necessary protection through each business life cycle. And that business succession can be kept firmly in place.

Benefits

  • Life insurance protection coverage up to the age1 of 99.
  • Minimum Sum Insured begins at US$400,000.
  • Under corporate policies, the life insured can be changed a maximum of 3 times2 to facilitate business succession planning.

Learn more

Exclusive offers

HSBC Commercial Banking customers who have successfully applied for a new policy of the HSBC Ruby Global Life Insurance Plan during the promotional period can enjoy the following offers*:

Payment Methods Premium Discount Offers*
5-Year Annual Premium Payment 10% of the first year's premium amount
2-Year Annual Premium Payment 4% of the first year's premium amount
Single Premium Payment 2% of the single premium amount

Promotional period: Starting from today to 24 January 2020 (both dates inclusive)

* Please refer to Promotional Terms and Conditions (PDF, 623KB) for details of the offers.

Talent Retention

In addition to keyman protection, you may also consider using life insurance to retain talent and support your business growth.

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.

For enquiry +852 2748 8238

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 HSBC Life (International) Limited (“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.

Disclaimer

HSBC Ruby Global Life Insurance Plan is a whole life insurance plan with a savings element. This plan is not equivalent or similar to any kind of deposit. It is underwritten by 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 (“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.

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 early, 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 plan’s 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.

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