HSBC Family Protector

HSBC HK
Insurance
Life Insurance
HSBC Family Protector

Give yourself and your family the best

Don’t let the unexpected leave you unprepared. Family Protector consists of term life protection and your choice of cover from critical illness to hospital cash.

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Apply now Get a quote for your HSBC Family Protector basic plan This link will open in a new window

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Key benefits

Comprehensive protection

Life coverage of up to HKD7 million[@insurance-underwriting-limit], no health examination needed!

Top up your protection

Pay extra to add up to 4 of these benefits to your plan: accidental death, critical illness, cancer, child protection, and hospital cash

Easy to budget for

The monthly premiums for your basic plan and additional benefits are at a fixed rate that's adjusted every 10 years[@10yearsfixedpremium]

Apply online easily

Apply in just a few simple steps, on your computer or your phone, any time

Special offers — Enjoy 67% off online with 'SAVE8M'

Apply online with the promo code 'SAVE8M' to enjoy an 8-month first-year premium waiver. T&Cs apply.
Enjoy special first-year premium discount with the code found in the latest version of PayMe app. T&Cs apply.
Well+ members can enjoy 9-month waiver on their first-year premium, T&Cs apply; Plus, earn up to $100 RewardCash when you complete the 'Get Insured Online Challenge'. T&Cs apply.

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^*Average monthly premium in first year is calculated by the total first-year premium minus total premium waiver and divided by 12 months.

The amount shown includes the levy and is subject to rounding adjustments. It is indicative and for reference only.

Enhance your cover with additional benefits

Select up to 4 additional benefits to extend coverage for your health or protect your children.
Additional benefits	What you get	From	Policy documents
Critical illness and cancer protection	Additional lump sum to spend at your discretion if diagnosed with a critical illness. Choose the cancer or critical illness benefit, and from 3 coverage levels: HKD500,000, HKD1 million or HKD1.5 million.	From HKD1.69 / day[@criticalillnessillustrativeexample] for critical illness coverage of HKD1.5 million	Critical illness benefit policy provisions (PDF, 288KB) Cancer benefit policy provisions (PDF, 272KB)
Hospital cash benefit	Daily cash payments of either HKD800 or HKD1,600 if you are hospitalised, per your coverage level. Get double the amount if you need intensive care or are hospitalised abroad[@hospitalcash].	From HKD2.72 / day[@hospitalcashbenefitillustrativeexample] for daily hospital cash payments of HKD1,600	Hospital cash benefit policy provisions (PDF, 258KB)
Child protection	HKD500,000 death benefit, HKD500,000 cancer benefit payable upon a cancer diagnosis, and a hospital cash benefit of HKD400 a day per any one period of the covered disability[@disabilitydefinition] for each of the insured's children[@childrendefinition] (including any they may have in the future).	For just HKD3.26 / day	Child protection policy provisions (PDF, 277KB)
Accidental death benefit	An additional coverage, equivalent to 50% of the basic plan, for your beneficiaries if you pass away from an accident.	From HKD0.04 / day[@accidentaldeathbenefitillustrativeexample]	Accidental death benefit policy provisions (PDF, 240KB)

Select up to 4 additional benefits to extend coverage for your health or protect your children.
Additional benefits	Critical illness and cancer protection
What you get	Additional lump sum to spend at your discretion if diagnosed with a critical illness. Choose the cancer or critical illness benefit, and from 3 coverage levels: HKD500,000, HKD1 million or HKD1.5 million.
From	From HKD1.69 / day[@criticalillnessillustrativeexample] for critical illness coverage of HKD1.5 million
Policy documents	Critical illness benefit policy provisions (PDF, 288KB) Cancer benefit policy provisions (PDF, 272KB)

Additional benefits	Hospital cash benefit
What you get	Daily cash payments of either HKD800 or HKD1,600 if you are hospitalised, per your coverage level. Get double the amount if you need intensive care or are hospitalised abroad[@hospitalcash].
From	From HKD2.72 / day[@hospitalcashbenefitillustrativeexample] for daily hospital cash payments of HKD1,600
Policy documents	Hospital cash benefit policy provisions (PDF, 258KB)

Additional benefits	Child protection
What you get	HKD500,000 death benefit, HKD500,000 cancer benefit payable upon a cancer diagnosis, and a hospital cash benefit of HKD400 a day per any one period of the covered disability[@disabilitydefinition] for each of the insured's children[@childrendefinition] (including any they may have in the future).
From	For just HKD3.26 / day
Policy documents	Child protection policy provisions (PDF, 277KB)

Additional benefits	Accidental death benefit
What you get	An additional coverage, equivalent to 50% of the basic plan, for your beneficiaries if you pass away from an accident.
From	From HKD0.04 / day[@accidentaldeathbenefitillustrativeexample]
Policy documents	Accidental death benefit policy provisions (PDF, 240KB)

How to apply

Eligibility

To apply for HSBC Family Protector, you'll need to meet all these requirements:

be aged[@birthdaydefinition] between 19 and 60
hold an existing HSBC HKD bank account or credit card
apply with the HKID you used to open your HSBC account
meet our requirements for nationality (country/region/territory), address and residency such as restrictions on US, mainland China and Japan—which may be subject to change from time to time

HSBC Family Protector is a term life insurance plan with no savings element underwritten by HSBC Life (International) Limited. It is not equivalent or similar to bank deposit. Policyholders are subject to HSBC Life's credit risk.

Useful documents

Apply now

Get started with a quote now. If you have any questions, you can talk to us via Live Chat. We're available from 10:30am to 10:00pm, Mondays to Fridays (except public holidays).

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Policy summary
Policy summary	Key coverage
Policy currency	HKD
Issue age[@birthdaydefinition]	Between 19 and 60
Benefit term	Up to age[@birthdaydefinition] 80
Minimum sum insured (per policy)	HKD1,000,000
Maximum sum insured (per life insured)	Age[@birthdaydefinition] 19 to 50: HKD7,000,000 Age[@birthdaydefinition] 51 to 60: HKD3,500,000
Death Benefit	Your beneficiaries[@nominatedbeneficiaries] will receive a lump sum cash payment equal to sum insured less outstanding premiums (if any)
Premium payment methods	Monthly through either an: HSBC HKD bank account HSBC HKD Visa or Mastercard credit card

Policy summary
Policy summary	Policy currency
Key coverage	HKD

Policy summary	Issue age[@birthdaydefinition]
Key coverage	Between 19 and 60

Policy summary	Benefit term
Key coverage	Up to age[@birthdaydefinition] 80

Policy summary	Minimum sum insured (per policy)
Key coverage	HKD1,000,000

Policy summary	Maximum sum insured (per life insured)
Key coverage	Age[@birthdaydefinition] 19 to 50: HKD7,000,000 Age[@birthdaydefinition] 51 to 60: HKD3,500,000

Policy summary	Death Benefit
Key coverage	Your beneficiaries[@nominatedbeneficiaries] will receive a lump sum cash payment equal to sum insured less outstanding premiums (if any)

Policy summary	Premium payment methods
Key coverage	Monthly through either an: HSBC HKD bank account HSBC HKD Visa or Mastercard credit card

Yes, you can. You have the right to cancel the policy and get a full refund during the cooling-off period. The duration is the earlier of the following:

21 calendar days after the delivery of your policy
21 calendar days after the delivery of a notice informing you about the availability of your policy

To cancel your basic plan or additional benefits, you can mail us a signed written notice together with your policy to this address within the cooling-off period:

HSBC Life (International) Limited

18/F, Tower 1, HSBC Centre,

1 Sham Mong Road,

Kowloon, Hong Kong

If you want to cancel your basic plan or additional benefits after the cooling-off period and before the end of your policy term, they will be terminated with no refunds.

No, your health condition will not affect your premiums once your policy is effect. Your policy will stay valid, subject to premium adjustments every 10 years, until you reach age[@birthdaydefinition] 80.

You can take out child protection for all of your biological, step and legally adopted children. This includes any children you're expecting or planning to have in the future. Child protection covers children aged[@birthdaydefinition] between 15 days and 18 years.

You can chat with us in real time via Live Chat, available from 10:30am to 10pm, Mondays to Fridays except on public holidays. You can also email us at dfv.enquiry@hsbc.com.hk.

Yes, HSBC Family Protector can still offer you life protection. If you pass away due to COVID-19 while you're still covered under this plan, your beneficiaries[@nominatedbeneficiaries] will receive a lump sum cash payment equal to the coverage amount of your policy.

You can also choose hospital cash as an additional benefit for a premium as low as HKD2.72 a day[@hospitalcashbenefitillustrativeexample]. So in the event that you're hospitalised, you'll receive a daily cash payment of HKD1,600. This payment will be doubled if you need intensive care or overseas hospitalisation[@hospitalcash].

Other frequently asked questions

Notes

HSBC Family Protector is a term life insurance plan with no savings element underwritten by HSBC Life (International) Limited ("HSBC Life") which is authorised and regulated by the Insurance Authority ("IA") to carry on long-term insurance business in the Hong Kong SAR. The plan aims to fulfil your need for financial protection against mishaps such as death, and for health care needs to prepare for situations such as critical illness or hospitalisation. Neither this plan nor any of its additional benefits have any cash or surrender value. Unless you exercise your cancellation right within the cooling-off period, you will not be able to access any funds from your policy by terminating or surrendering it. You should seek source from other sources of liquid assets or cash to meet your present or future liquidity needs. It is not a bank deposit or bank savings plan. Please refer to the product brochure for detailed features and the policy provisions for the detailed terms and conditions.

HSBC Life is incorporated in Bermuda with limited liability, and is one of the HSBC Group's insurance underwriting subsidiaries. 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 agent authorised by HSBC Life. This product is a product of HSBC Life but not HSBC and it is intended only for sale through HSBC in the Hong Kong SAR. Your benefit is subject to the credit risk of HSBC Life. Your premiums paid will form part of HSBC Life's assets. You do not have any rights or ownership over any of those assets. Your recourse is against HSBC Life 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 HSBC Life and you directly.

Give yourself and your family the best

Key benefits

Comprehensive protection

Top up your protection

Easy to budget for

Apply online easily

Special offers — Enjoy 67% off online with 'SAVE8M'

dpws-tools-calculator-creator

Enhance your cover with additional benefits

Suggested articles

Need more protection? Term life plans are better value

Term life and whole life insurance: what's the difference?

How to apply

Eligibility

Useful documents

Apply now

Already a Personal Internet Banking customer?

Find out more

Can you summarise the plan for me?

Can I change my mind, cancel my basic plan or additional benefits after purchasing the policy?

Will my health condition affect my premiums after my policy is in effect?

Can I purchase child protection for a baby I am expecting?

What should I do if I have more questions about my application?

Can I be protected under this plan if I have COVID-19?

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Notes

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