Cover your mortgage payments for your family
In the event that you pass away before paying off your mortgage, the Mortgage Protection Plan will give your family a cash lump sum to subsidise the mortgage repayments so your family can continue living in the same family home.
What's best for your insurance needs? Get tailored guidance from our Insurance Specialists today.
Key benefits
Keep your home protected
Get a cash lump sum to subsidise mortgage repayments if you pass away[@covermortgageofdeath]—this sum will decrease annually per policy terms and an assumed mortgage interest rate of 8% p.a.
Flexible to your needs
Select the amount of insurance cover and the policy term that best fits your mortgage
Easy to budget for
You can choose to pay the fixed premium amount monthly or annually—plus, joint applicants can enjoy a 15% discount
Accommodating to change
If you're under 60[@birthdaydefinition2] and your circumstances change, convert to a different life insurance policy plan[@convertplan]—regardless of your health at the time
Special offers — Enjoy 9-month premium waiver
- Enjoy 9-month premium waiver on your first-year premium. T&Cs apply.
How to apply
Eligibility
To apply for our Mortgage Protection Plan, you'll need to meet both of these requirements:
- be aged[@birthdaydefinition2] between 19 and 60 years, with a mortgage repayment scheduled to end before you reach the age[@birthdaydefinition2] of 65.
- meet our criteria for nationality (country/region/territory), address and residency—which are subject to change from time to time
You can enjoy simplified underwriting for your Mortgage Protection Plan if you meet all of these requirements:
- be aged[@birthdaydefinition2] between 19 and 55
- be in good health—we reserve the right to ask you to complete a medical examination to confirm this
- be within 24 months of your HSBC Home Loan application
- owe less than HKD10 million on your mortgage
- meet our criteria for nationality (country/region/territory), address and residency—which are subject to change from time to time
The Mortgage Protection Plan is a life insurance plan underwritten by HSBC Life (International) Limited ("HSBC Life"). It is not equivalent or similar to a 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.
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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Your policy at your fingertips
Get easy access to your policy details, future policy projections, make changes to your policies and more, all via online or mobile banking