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Income Goal Insurance Plan II

An annuity plan that gives you a steady income stream after just 10 years.

Enjoy monthly annuity payments for 10 years

Our Income Goal Insurance Plan helps you save towards your goals with steady income for 10 years after 10 years of accumulation, all while giving you life protection.

Income Goal Insurance Plan II is underwritten by HSBC Life, the no.1 provider of new annuity business in Hong KongFootnote link 1—we're well-placed to attend to a broad range of your retirement needs.

What's best for your insurance needs? Get tailored guidance from our Insurance Specialists today.

Key benefits

Steady income stream

Receive monthly annuity paymentsFootnote link 2 over 10 years, plus a potential special bonusFootnote link 3 to be declared at the end of your policy term

Flexible payment options

Choose between a stream of monthly payments for financial stability, or accumulate a lump-sum amount at the end of the annuity period

Enhanced financial security

Opt to lock in a portion of your policy value with the plan's Policy Value Management OptionFootnote link 4, for more financial certainty

Optional critical illness coverFootnote link 5

Get essential protection against a predefined list of critical illnesses until the ageFootnote link 6 of 65, available at an additional premium

Special offers — Enjoy up to 3% off

How to apply

Eligibility

To apply for our Income Goal Insurance Plan II, you'll need to meet both of these requirements:

  • the insured person must be aged between 15 days after birth and 65 yearsFootnote link 6
  • meet our requirements for nationality (country/region/territory), address and residency, which are subject to change from time to time

Income Goal Insurance Plan II is a long-term participating life insurance product with a savings element underwritten by HSBC Life (International) Limited("HSBC Life"). It is not equivalent or similar to bank deposit. Policyholders are subject to HSBC Life's credit risk and early surrender loss.

Talk with us

Get personalised support from our Insurance Specialists. Book a face-to-face appointment or meet with us over video.

Or call us on (852) 2233 3130. Lines are open 11:00am to 7:30pm, Mondays to Fridays except public holidays.

HSBC Premier Elite or Premier customer?

Contact your Premier Elite Director or Relationship Manager. HSBC Premier customers can also call us on (852) 2233 3322.

Find out more

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Notes

  1. HSBC Life is Hong Kong's no.1 provider of new annuity business in 2022 in terms of number on policies and premiums paid. Source: Annual Statistics for Long-term Business 2022 issued by the Insurance Authority (Individual Insurers' Statistics: Total Individual Annuity New Business).
  2. If you opt for payments at monthly intervals, only the monthly guaranteed annuity payment will be paid out. If you choose the rollover option instead, your monthly guaranteed annuity payment will be accumulated with interest (if any)—which is not guaranteed and is determined at our discretion from time to time.
  3. The amount of the special bonus, if any, is not guaranteed and is subject to our absolute discretion.

  4. After your 10th policy year, you may be able to lock in a portion of the net cash value if there are no outstanding policy loans or premiums.

    The amount you choose to lock in is guaranteed upon exercising the policy value management option. It will be allocated to the policy value management balance to accumulate at a non-guaranteed interest rate which will be adjusted from time to time at HSBC Life's discretion. Being able to choose this option is subject to minimum amount requirements on both the:
    1. net cash value and special bonus to be allocated per transaction
    2. remaining monthly guaranteed annuity payments after exercising this option

    These requirements may be determined by HSBC Life from time to time without prior notice to the policyholder. For details, please see the product brochure.

  5. Critical illness select (additional payment) is applicable to the insured person whose insurance age between 15 days after birth and 60Footnote link 6 who holds a Hong Kong Identity Card or Macau Identity Card. The benefit will terminate if the policy terminates, expires, lapses, or is surrendered (whichever is applicable) or when the insured person attains the ageFootnote link 6 of 65 or the policy is terminated (whichever is earlier). Such benefit is not applicable to single premium policy.
  6. The age refers to the age the insured person or policyholder, whichever is applicable, will be on their next birthday.
  7. You can receive a maximum of HKD1,600 in HKTVmall eGift Vouchers per eligible application with designated Annualised New Premium. T&Cs apply.
  8. The total premiums paid refers to the total amount of premiums due under your basic plan—whether or not actually paid—as of the date of death for the insured person. Please refer to the policy provisions for detailed terms and conditions.
  9. The additional accidental death benefit will terminate when the insured person reaches the ageFootnote link 6 of 80 or upon the payout of this benefit or when the policy is terminated (whichever is earlier), subject to a maximum benefit limit of HKD24,000,000/USD3,000,000 per insured person across all additional accidental death benefit issued by HSBC Life. Please refer to the policy provisions of the supplementary benefits for detailed terms and conditions of coverage and exceptions.
  10. The unemployment benefit is applicable to policyholders agedFootnote link 6 between 19 and 64 who hold a Hong Kong Identity Card. This benefit will terminate when the policyholder attains the ageFootnote link 6 of 65 or all due premiums have been paid or the policy is terminated (whichever is earlier). Such benefit is not applicable to single premium policy. Please refer to the policy provisions of the supplementary benefits for detailed terms and conditions of coverage and exceptions.

  11. Payor's benefit is applicable to both:
    1.any insured person agedFootnote link 6 between 15 days after birth and 18 years
    2.the policyholder agedFootnote link 6 between 19 and 60

    The benefit will terminate upon the policy anniversary at which the policyholder reaches the ageFootnote link 12 of 65 or the insured person reaches the ageFootnote link 12 of 25, or when the policyholder recovers, or when the policy is terminated or paid up, whichever is the earliest. This benefit is not applicable for single premium policies. Please refer to the policy provisions of the supplementary benefits for the detailed terms and conditions and exclusions.

  12. This refers to the policy anniversary at which the insured person or the policyholder will be of the specified age on their next birthday.

Disclaimer 

Income Goal Insurance Plan II is a long-term participating life insurance product with a 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.  It is an annuity insurance plan and is not equivalent or similar to any kind of deposit. 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 agency of HSBC Life for the distribution of life insurance products in the Hong Kong Special Administrative Region.   This product is a product of HSBC Life but not HSBC and it is intended only for sale in the Hong Kong SAR. If the policyholder discontinues and / or surrenders the insurance plan in the early policy years, the amount of the benefit he / she will get back may be considerably less than the amount of the premium he / she has paid. 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.