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HSBC Life Benefits+ Life Insurance Plan

Customisable group life insurance solutions for all budgets and needs

Make your employees feel valued, and they will add value to your business

HSBC Life Benefits+ Life Insurance Plan is designed to encourage your employees by showing you care. Through actual incentives you can truly motivate them to help take your business beyond borders.

Features and benefits

A wide range of benefit options for you to mix and match

With 8 basic plans and 3 optional Hospital Cash Benefit plans, you can tailor your group life insurance solutions that suit your employees’ needs.

Additional protection against death or serious injury

In addition to the death benefit, each life plan is embedded with an additional accidental death and dismemberment benefit¹ on top of the basic plan, with no additional premium required.

Hospital cash for extra financial support

You can also add an optional hospital cash benefit, available at affordable premiums, to your basic life plan to help cover hospital expenses if the insured person is hospitalised for more than 6 consecutive hours, up to a maximum of 90 days per disability per year.

Affordable premiums² for comprehensive coverage

For a life benefit of HKD100,000, the annual premium per employee starts at just HKD43.4, while for a hospital cash benefit of HKD350³ per day, the annual premium per employee starts at HKD231⁴.

Simple application for companies of all sizes

Companies with 6 or more full-time employees can apply without any medical underwriting, while those with less than 6 full-time employees⁵ only need to make a simple health declaration.

The information shown above is intended as a general summary. Please see product summary, important notes and key risks in the product brochure. For product details, terms, conditions and exclusions, please refer to the relevant policy provisions.

Valuing your employees is essential to a thriving business

Our flagship group medical and group life insurance solutions ‘HSBC Life Benefits+’ offer an extensive range of basic and flexible coverage to protect the well-being of your employees. Find out more from the video below – a business consultant speaks to three business owners running companies of different scales and sectors and provides them with group insurance advices that address their employees’ medical and life protection needs.

Watch it now to find out how small and big enterprises alike can take care of their employees.

HSBC Life Employer Platform

HSBC Life Employer Platform is an all-in-one employer online service platform designed to provide you with safe and convenient access to your group insurance policy information and enable you to view claims information and manage members’ movement anytime, anywhere.

Key Features

View policy information and benefits coverage
Manage member movement
Obtain claims information
Download forms and documents

If you are already a group life insurance policy customer, click here to log on HSBC Life Employer Platform.

End Notes

Each member can claim accidental death and dismemberment benefit up to 50% of the basic plan’s sum insured each year.
Premium is renewable yearly and non-guaranteed.
If a company has only 2 employees, it can select Plan 1 and/or Plan 2 of Basic Plan, and it can select Plan 1 of Hospital Cash Benefit (HKD350 per day) only.
The employee is assumed clerical employee between age⁶ 16-25.
The plan is applicable to companies registered with the Companies Registry in the Hong Kong SAR with 2 or more full-time employees.
Age refers to the age of the insured person on his/her last birthday.

Disclaimers

HSBC Life (International) Limited (“the Company”) is incorporated in Bermuda with limited liability, and is one of the HSBC Group’s insurance underwriting subsidiaries.

Hong Kong SAR office
18/F, Tower 1, HSBC Centre, 1 Sham Mong Road, Kowloon, Hong Kong

The Company is authorised and regulated by the Insurance Authority to carry on long-term insurance business in the Hong Kong SAR. The Hongkong and Shanghai Banking Corporation Limited (“HSBC”) is registered in accordance with the Insurance Ordinance (Cap. 41 of the Laws of Hong Kong) as an insurance agency of the Company for the distribution of insurance products in the Hong Kong SAR.

HSBC Life Benefits+ Life Insurance Plan (“The Plan”) is underwritten by the Company. It is a product of the Company but not HSBC and it is sold through HSBC and is only intended for sale in the Hong Kong SAR. HSBC has not authorised or appointed any intermediaries to conduct telesales marketing activities for promotion of insurance plans.

The policyholder is subject to the credit risk of the Company. The 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.

In respect of an eligible dispute (as defined in the Terms of Reference for the Financial Dispute Resolution Centre in relation to the Financial Dispute Resolution Scheme) arising between HSBC and you out of the selling process or processing of the related transaction, HSBC is required to enter into a Financial Dispute Resolution Scheme process with you; however any dispute over the contractual terms of the above insurance product should be resolved between the Company and you directly.

This webpage contains general information only. It does not constitute any offer for any insurance product. The above information does not contain the full terms of the policy. The full terms can be found in the policy contract. For product details, terms, conditions and exclusions, please refer to the relevant policy contracts, product brochures and proposals.

QR Code is a registered trademark of DENSO WAVE INCORPORATED.

The Company and HSBC do not make it an obligation on you to download, nor do the Company and HSBC recommend or endorse, any Quick Response Code Reader (“QR Code Reader”). The download and/or use of a QR Code Reader is at your entire discretion and risk. The QR Code Reader is provided by a third party to which the Company and HSBC have no affiliation or control over and hence the Company and HSBC cannot be held responsible for any loss or damage suffered by you resulting from your download and/or use of the QR Code Reader.

Issued by HSBC Life (International) Limited (Incorporated in Bermuda with limited liability)