- Policy currencies
- USD
- Premium payment terms
- 6 years / 12 years / 20 years / 25 years
HSBC Paramount Global Life Insurance Plan II
Last checked
At a glance
- Insurer
- HSBC Life (International) Limited
- Product category
- Whole life
- Policy currencies
- USD
- Premium payment terms
Premium payment terms (5)
Premium payment terms Single premium 2 years 3 years 5 years 10 years - Issue ages & basis
Issue ages & basis (4)
Issue ages & basis Recorded information Premium payment terms / Age basis 15 days to 75 years Applicable option / payment term: single.
Age basis: Not confirmed15 days to 73 years For the 2-year premium payment term.
Age basis: Not confirmed15 days to 70 years Applicable option / payment term: 3 / 5.
Age basis: Not confirmed15 days to 65 years For the 10-year premium payment term.
Age basis: Not confirmed
- Death benefit is subject to the policy terms.
- Guaranteed cash value follows the policy schedule.
- Dividends or bonuses may include non-guaranteed amounts.
Decision sheet
10 of 13 known · 3 not published · 0 not yet checked
- What it pays and when
Benefit term: Whole lifePublic source · Checked: Public source · Checked:
Recorded features: Death benefit is subject to the policy terms. / Guaranteed cash value follows the policy schedule. / Dividends or bonuses may include non-guaranteed amounts.Public source · Checked: Public source · Checked:
- Benefit limits
Additional Accidental Death Benefit is capped at USD3,000,000 per life across company policies. Accelerated Death Benefit is capped at the lower of the policy death benefit or USD2,000,000 less related claims across other company policies.Public source · Checked:
- Premium and payment term
Premium payment terms: Single premium / 2 years / 3 years / 5 years / 10 yearsPublic source · Checked: Public source · Checked:
- How premiums can change
- not publishedDocuments checkedPublic source · Checked:
- Guaranteed / non-guaranteed
Guaranteed / non-guaranteed components: Guaranteed cash value follows the policy schedule.Public source · Checked:
Dividend / bonus types: Dividends or bonuses may include non-guaranteed amounts.Public source · Checked:
Guaranteed cash value follows the policy schedule.Public source · Checked: Public source · Checked:
Dividends or bonuses may include non-guaranteed amounts.Public source · Checked: Public source · Checked:
- Waiting periods
- not publishedDocuments checkedPublic source · Checked:
- Main exclusions
Suicide within one year of the latest issue, reinstatement or last change-of-life-insured date limits payment to premiums paid less payments already made to beneficiaries.Public source · Checked:
- Surrender / cancellation
Written surrender is available after cooling-off for Aggregate Cash Value; early cancellation may return less than the single premium paid.Public source · Checked:
- Cooling-off
The document states a 21-day cooling-off period; cancellation and refund conditions apply.Public source · Checked:
- Riders
The included Additional Accidental Death and Accelerated Death supplementary benefits require no additional premiums but have their own eligibility, limits and exclusions.Public source · Checked:
- Claims steps
Insurer claims guide · Life / death
Life / death — Steps: Download the relevant forms, complete and attach evidence, submit, then follow SMS and specialist updates.Public source · Checked:
Life / death — Submission channels: Online upload, HSBC branch or mail to 18/F, Tower 1, HSBC Centre, 1 Sham Mong Road, Kowloon.Public source · Checked:
Life / death — Assessment / payment timing: Once approved, payment is issued by the chosen method within an average of 2 business days; this is not an approval target.Public source · Checked:
Life / death — Required documents: Use the HSBC Life death claim form and its supporting-document instructions.Public source · Checked:
- Policy servicing from abroad
- not publishedDocuments checkedPublic source · Checked:
- Complaints and dispute routes
1. First contact the insurer through its published complaint channel; retain its written reply.Public source · Checked:
2. Insurance Authority: submit the signed complaint form with supporting documents by email, post or fax. It handles insurer/intermediary conduct; it cannot adjudicate claim disputes or order compensation. Eligible claim disputes can go directly to ICB; an IA referral requires the complainant’s consent.Public source · Checked:
3. Insurance Complaints Bureau: eligible monetary disputes under personal policies with member insurers, up to HK$1,500,000. A policyholder, beneficiary, insured or rightful claimant must file within six months of notification of the insurer’s final decision. Industrial, commercial and third-party insurance and cases undergoing or having completed litigation/arbitration are excluded. Non-claim complaints exclude service quality, underwriting decisions, investment performance and levels of fees, premiums, charges or interest. Similar rejected claims across policies are aggregated; periodic/long-tail claims use a five-year total.Public source · Checked:
ICB accepts written complaints by post, fax or email using its complaint form. Include policy and application documents, claim form, relevant evidence and the insurer’s final written decision; no reception counter service.Public source · Checked:
Known means partial sourced information. Not published refers to checked documents. Unchecked details do not imply no cover or restrictions.
Questions to ask before buying
Questions to ask before buying (6)
Ask the insurer or a licensed Hong Kong broker. These questions do not imply that cover or restrictions exist.
- When and how can premiums change?
- What waiting periods apply?
- How can I service the policy from abroad, and what restrictions apply?
- Can you provide the key facts statement and policy provisions for this product?
- What is the cooling-off period, and how do I cancel during it?
- Which benefits and values are guaranteed, and which are not?
How the value of this kind of plan works
How the value of this kind of plan works
Read this before any illustration. It describes these plans in general; the policy contract decides.
- Guaranteed part
- Guaranteed cash value is specified in the contract. Early values are usually low; non-guaranteed values may change.
- Non-guaranteed part
- Dividends and bonuses depend on the insurer’s results and can be cut. Fulfillment ratios show past payouts.
- Stopping early
- Early surrender usually returns less than premiums paid. The break-even year depends on the individual illustration.
- Currency
- Values are paid in the policy currency. If you spend in another currency, exchange rates can add to or erase the return.
Belongs to
Belongs to
Similar products share a type, currency and premium term band. Clusters describe published features, not suitability or ranking.
More product information from this insurer:
HSBC EarlyIncome Deferred Annuity Plan
- Whole life
- USD
- Premium term band: Single premium
- Premium term band: Up to 5 years
- Premium term band: Over 5 to 10 years
- Issue-age band: Children (0–17)
- Issue-age band: Adults (18–64)
- Issue-age band: Older adults (65+)
- HSBC Life
Goals and audience categories described by product type
Insurers (12)
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- China Life Insurance (Overseas) Company Limited
- China Taiping Life Insurance (Hong Kong) Company Limited
- Chow Tai Fook Life Insurance Co Ltd
- FWD Life Insurance Company (Bermuda) Limited
- HSBC Life (International) Limited
- Manulife (International) Limited
- Prudential Hong Kong Limited
- Sun Life Hong Kong Limited
- YF Life Insurance International Limited
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- Policy currencies
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Comparison groups
Comparison groups
All published facts
All published facts
| Field | Recorded information | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Product category | Whole life | ||||||||||
| Policy currencies | USD | ||||||||||
| Premium payment terms | Single premium 2 years 3 years 5 years 10 years | ||||||||||
| Benefit term | Whole life | ||||||||||
| Issue ages & basis |
| ||||||||||
| Recorded features | Death benefit is subject to the policy terms. Guaranteed cash value follows the policy schedule. Dividends or bonuses may include non-guaranteed amounts. | ||||||||||
| Guaranteed / non-guaranteed components | Guaranteed cash value follows the policy schedule. | ||||||||||
| Dividend / bonus types | Dividends or bonuses may include non-guaranteed amounts. |
Names in other languages
- English
- HSBC Paramount Global Life Insurance Plan II
- 繁體中文
- 滙瓏環球壽險計劃 II
- 简体中文
- 汇珑环球寿险计划 II
Verified names follow insurer labels. Unconfirmed translations use English for navigation.
Sources & verification dates
Sources & verification dates
Checked:
- HSBC Paramount Global Life Insurance Plan II — official product page
Source date: Not confirmed
- HSBC Paramount Global Life Insurance Plan II — official product page
Source date: Not confirmed
- HSBC Paramount Global Life Insurance Plan II — official product page
Source date: Not confirmed
- HSBC Paramount Global Life Insurance Plan II — official brochure
Source date: Not confirmed
- HSBC Paramount Global Life Insurance Plan II — official brochure
Source date: Not confirmed / Page: 38
- HSBC Paramount Global Life Insurance Plan II — official brochure
Source date: Not confirmed / Page: 34