Business Succession

A promise to help turn your family achievements into a lasting legacy.

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Because a promise is a promise

You’ve promised to safeguard the family business, and keep the flame of your family values burning bright now and into the future. HSBC Life provides you with a suite of business succession solutions. In the unfortunate event of death of the insured person under your policy, our solutions can help you overcome your interim financial needs with a timely payment of protection benefit. So that what this generation has built, the next generation can continue to build on.

Jade Global Generations Universal Life

Jade Global Generations Universal Life is one of our business succession solutions to help secure your business by providing the necessary protection through each business life cycle, and ultimately create a solid foundation for the next generation.


  • Life insured can be changed1 for cross-generational business succession planning
  • No-Lapse Guarantee benefit option2
  • Guaranteed Crediting Interest Rate lock benefit3

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


  1. There is no limit on the number of 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.
  2. You may select a NLG Benefit to age 100 when you purchase this Plan. We shall then maintain the specified Sum Insured in force until the death of the Life Insured or the Life Insured reaches age 100. Please note that this option is only applicable to USD as the policy currency with single premium payment and without the selection of the Critical Illness Advance Payment option. You may surrender a portion of the Account Value up to the amount of premiums cumulatively paid beyond the specified NLG Benefit minimum premium, without affecting the NLG Benefit option. Otherwise, the NLG Benefit option will cease to apply to your policy.
  3. This option allows you to lock in a Guaranteed Crediting Interest Rate on your first premium for 1, 3 or 5 years if the policy currency is in USD or AUD; while 1-year option can be chosen if the policy currency is in CNY. Exit of Guaranteed Crediting Interest Rate Lock benefit is subject to Exit Value Adjustment (EVA).


Jade Global Generations Universal Life is a long term universal 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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