Protect

HSBC Ruby Global Life Insurance Plan

Safeguard your business and your legacy with life protection insurance that can also be used as valuable employee benefits.

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.

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, 4.38MB) . For more details about participating policy, please refer to policy dividend leaflet (PDF, 91KB) for participating products.

How it works?

Watch the video and learn more about how life insurance can help 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.

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 agency 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

Age means the age of the Life Insured or the Policyholder where applicable at his/her next birthday.
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.

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 life insurance products in the Hong Kong SAR. The life insurance products mentioned above are products of the Company but not HSBC. 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 the HSBC Commercial Banking Customer out of the selling process or processing of the related transaction, HSBC is required to enter into a Financial Dispute Resolution Scheme process with the HSBC Commercial Banking Customer; however, any dispute over the contractual terms of the above insurance products should be resolved between the Company and the HSBC Commercial Banking Customer directly.

This webpage contains general information only. It does not constitute any offer for any insurance product. For product details, terms, conditions and exclusions, please refer to the relevant policy contracts, product brochures and proposals.

Call us on

+852 2748 8238

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