HSBC Insurance OnlineProtector

It is a term life insurance plan that gives you guaranteed protection for an initial period of 10 years and is guaranteed renewable provided the policy is still in force. The last renewal is at age^Footnote:1 80 and the policy will expire at age 90^Footnote:1.

^Footnote:1Age refers to age next birthday and denotes the insured's age at a particular time with the addition of 1 year.

It pays out a guaranteed sum for total and permanent disability upon diagnosis of a terminal illness if you are below age^Footnote:1 65, or in the event of death. You can choose a sum insured that falls between S$100,000 and S$1,000,000. If you are a housewife, a student or unemployed, your maximum coverage amount is capped at S$500,000.

^Footnote:1Age refers to age next birthday and denotes the insured's age at a particular time with the addition of 1 year.

You will get guaranteed coverage for the first 10 years with guaranteed renewability. Last renewal age is at 80 and the policy will expire when you reach age 90 next birthday, if you continue to pay your premiums regularly. Guaranteed renewability is regardless of your health condition and your plan will be automatically renewed every 10 years. The renewal premiums are not guaranteed and will be adjusted based on your age^Footnote:1. We will inform you of the change in premiums 30 days before the renewal date.

^Footnote:1Age refers to age next birthday and denotes the insured's age at a particular time with the addition of 1 year.

Your premiums will not be adjusted during the 10-year coverage period. Premiums at renewal will be adjusted according to your age at renewal and prevailing premium rates, which you will be notified of prior to renewal and given a choice whether to do so.

Yes, in fact, HSBC Insurance Online Critical Illness Rider enables you to choose your preferred coverage amount that best suits your needs. This is capped at S$650,000 if you are below age 50 next birthday, S$500,000 if you are age 50 or above next birthday and S$400,000 if you are a housewife, a student or unemployed. All these are provided the critical illness coverage is not higher than the basic coverage.

Yes, if you are unemployed, you are still eligible to purchase. The maximum sum assured you can purchase is 10 times of your annual earned income or S$400,000 and HSBC Insurance Online Critical Illness Rider for up to S$400,000.