HSBC offers life insurance plans to give you peace of mind that your loved ones will be provided for financially if something happens to you.
HSBC is a well-respected and long-established financial company. It has a reliable life insurance pay out record - with over 99% of claims paid in 2020.
HSBC UK Bank plc is regulated by the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) and covered by the Financial Services Compensation Scheme (FSCS).
You can buy it online, in branch, through one of HSBC’s financial advisers, or compare cover for life insurance through us.
If you’re registered for online banking with HSBC, you can also get a quote and apply from the app.
HSBC Life’s customer service department can be contacted on 0333 207 5563, 9am to 5.30pm, Monday to Friday, excluding public holidays.
There is no set cost for life insurance premiums and HSBC will take into account a number of factors when calculating how much you’ll need to pay each month. This includes:
HSBC began life as the Birmingham and Midland Bank in Birmingham in 1836.
They’re now one of the world’s largest banking and financial services organisations with about 40 million customers worldwide.
You can check details, discuss your policy or make any changes (for example if you move house) either online via HSBC Access or by calling HSBC Life on 0345 745 6125.
You can buy HSBC’s critical illness cover through an HSBC adviser and it can be added to your life insurance policy.
It steps in to help support you and your family if you fall ill with one of the plan’s specified critical illnesses, or if you have to undergo a surgical procedure covered by the insurance plan.
It can award you a lump sum of up to £1,000,000, without income or capital gains tax to pay.
The money could go towards paying off your mortgage, or to help with rehabilitation expenses to get you back on your feet.
Critical illnesses covered by the plan include conditions like cancer, heart attack, multiple sclerosis, paralysis and dementia.
Children’s cover is also included – a lump sum payment of up to £25,000 if any of your children are diagnosed with one of the specified illnesses or undergo certain surgical procedures.
You can cancel your HSBC Life Cover policy by calling HSBC Life on 0345 745 6125. Lines are open 8am to 6:30pm from Monday to Friday, excluding bank holidays.