HSBC Paramount Global Life Insurance Plan II

These additional benefits will be included in the policy at no extra cost.

• Additional lump sum payout for accidental death
  If the insured person pass away in an accident before reaching age[@birthdaydefinition] 80, the beneficiaries will get an extra 30% of the total basic plan premium paid[@totalbasicplanpremium] on top of the death benefit payable as an additional accidental death benefit[@insurance-additionalaccidentaldeathbenefit-pgip]
• Accelerated death benefit for life threatening condition
  If the insured person is diagnosed with a life threatening terminal illness, disease or injury and is certified that it is expected to result in death within 12 months, the policyholder will receive the Accelerated Death Benefit[@insurance-accelerated-death-benefit], which is equivalent to the lower of: (i) death benefit under this policy; or (ii) USD2,000,000 less the total amount paid and/or payable of this benefit under all other life insurance policies issued by us with the same insured person.
• Financial support if you are incapacitated
  With our Incapacity Protection Service[@insurance-incapacity-service], you can designate an immediate family member, so that in the event you are diagnosed as physically or mentally incapacitated, your designated immediate family member can make a one-time partial withdrawal from the policy on your behalf, as an immediate financial support to cover any medical expenses.

This plan offers four death benefit settlement options[@insurance-death-benefit]. The beneficiaries[@insurance-death-benefit] listed will receive the death benefit as either:

• a lump sum payment; or,
• annual instalments paid over 10, 20 or 30 years; or,
• first payment in a lump sum, followed by annual instalments over the tenor (2-30 years) chosen by you; or,
• annual instalments followed by a lump sum payment at the designated age of the Beneficiary as specified by you

You can choose which settlement option you prefer at the time of your application or make the request after the policy has been issued. For more details, please refer to the product brochure.