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Lifestyle Retirement Protection Plus
Information
What is Lifestyle Retirement Protection Plus?
Lifestyle Retirement Protection Plus provides life insurance protection for the whole of your life and the security of a guaranteed retirement fund equivalent to 50% of the sum insured. You are free to choose the amount you want to support your retirement, when you want to retire (age 55, 60 or 65) and how you receive your income.
Features
Retirement fund and lifelong protection - all in one plan
Guaranteed cash bonus equivalent to 50% of the sum insured paid as retirement fund when you reach the retirement age you select
Fixed premium during the term of the policy
Builds a guaranteed cash value and pays annual dividends throughout the policy term
Choice of payment term - single payment*, or 25 years or until the selected retirement age
No medical examination required if you are aged 50 or below, in good health, and the sum insured is not more than MOP1,200,000 or USD150,000
Choose to increase your sum insured by 5% each year for 10 years without the need for further underwriting. Each annual upgrade will generate its own guaranteed cash bonus and dividends to boost the total savings
Future premiums will be waived until recovery in case of temporary disability for more than six months
For unemployment over 30 consecutive days, payment of premiums can be delayed for 365 days
Persons aged between 19 and 55 are eligible to apply
Optional benefits including accidental death and dismemberment, female benefit, hospital cash, major illness, total and permanent disability cover and term protection
* If you cancel or change the policy, the balance of the single payment will be paid subject to a surrender charge at a scale determined by us from time to time.
Notes:
All ages mentioned refer to the age of the insured at the next birthday
The above insurance plan is underwritten by HSBC Life (International) Limited, which is part of HSBC Insurance, the identity under which the HSBC Group’s insurance underwriting subsidiaries operate. HSBC Life (International) Limited is authorised and regulated by the Autoridade Monetaria de Macau to carry out long-term insurance business in the Macau SAR. The Hongkong and Shanghai Banking Corporation Limited is an insurance agent authorised by HSBC Life (International) Limited
