HSBC Life Wealth Harvest Review

HSBC Life Wealth Harvest (previously known as AXA Wealth Harvest) is a Regular Premium Investment-Linked Policy with 100% of regular premiums invested in units to focus on investment growth in the long run.

HSBC Life Wealth Harvest product details

• Life Policy – Investment-linked policy
• Age of entry
  • Life Assured: 1-month-old to 70 years old
    Policyholder: 18 to 99 years old
• Choose to invest in SGD or USD.
• Start-up Bonus
  • Start your investment with a 35% Start-up Bonus on your 1st year premium
• Loyalty Bonus
  • Receive an additional Loyalty Bonus of 0.35% per annum (wef. 26 February 2024, previously 0.15% p.a.) on your account value from the 10th year onwards
• Account Maintenance Fee Waiver
  • Your investment will be waived off Account Maintenace fees after 11 years from policy commencement
• Life Replacement Option (LRO)
  • The Life Replacement Option (LRO) gives you the flexibility to transfer your plan to your spouse or child to help your legacy planning.
• Invest more confidently with a wide, diverse selection of over 90 unique investment-linked sub-funds from a range of industries and geographical sectors.
• No medical checkup is required. Enjoy a hassle-free application process when you sign up for this plan
  
  

Read about: Investment-Linked Policy: Is it the best option?

Read about: 6 best Investment Linked Policies in Singapore (Updated)

Features of HSBC Life Wealth Harvest at a glance

Cash and Cash Withdrawal Benefits
Cash value: Yes
Cash withdrawal benefits: Yes

Health and Insurance Coverage
Death: Yes
Total Permanent Disability: No
Terminal Illness: Yes
Critical Illness: No
Early Critical Illness: No

Health and Insurance Coverage Multiplier
Death: No
Total Permanent Disability: No
Terminal Illness: No
Critical Illness: No
Early Critical Illness: No

Optional Add-on Riders
N.A.

Additional Features and Benefits
Yes.

For further information and details, refer to HSBC Life website. Alternatively, fill up the form below and let us advise accordingly.

Read about: Effects of compounding returns on your investments

HSBC Life Wealth Harvest may be suitable if you are looking for

HSBC Life Wealth Harvest may potentially be a good fit if the following matters to you:

• To participate in the long-term financial returns of investing.
• Liquidity or flexibility of withdrawal in your Insurance policy.
• Able to take investment risks and comfortable with financial market volatility.
• Potentially higher financial returns compared to traditional Endowment and Whole Life Policy.
• Insurance options without medical underwriting
  
  

Read about: An introduction to Investment Linked Policy

HSBC Life Wealth Harvest may not be suitable if you are looking for

HSBC Life Wealth Harvest may potentially be a bad fit if the following matters to you:

• Health and Protection coverage
• High insurance coverage for Death or Terminal Illness
• Insurance coverage for Early Critical Illness, Critical Illness or Total Permanent Disability
• Guaranteed financial returns in the long-run.
• Insurance policy with a high surrender value in the early years of the policy.
• Expecting an urgent need for withdrawal during a financial market downturn.
  
  

Further considerations on HSBC Life Wealth Harvest

• How is HSBC Life or HSBC Life Wealth Harvest investment returns based on historical performance?
• How does HSBC Life Wealth Harvest compare with Investment Linked policies from other insurance companies?
• Can HSBC Life Wealth Harvest fulfill my financial, insurance, health, and protection needs?
  
  

The above information may not fully highlight all the product details and features on HSBC Life Wealth Harvest. Talk to us or seek advice from a financial adviser before making any decision about HSBC Life Wealth Invest.

Always ensure your long-term financial goals and objectives are aligned with the financial product you are considering to take up.

Is HSBC Life Wealth Harvest suitable for me?