HSBC Life Band Aid Review

HSBC Life Band Aid is a personal accident plan that supports you and your family during those inevitable moments beyond your control. It provides protection against death or permanent disability in the event of an accident.

HSBC Life Band Aid product details

• Non-participating policy – Personal Accident Policy
• Protect against accidental death
  • Receive a lump sum payout of the sum assured in the event of death caused by an accident.
• Cover against permanent disability
  • Get a lump sum payout of up to 150% of the sum assured in the event of any permanent disability due to an accident.
• Safeguard yourself even as a passenger
  • Get an indemnity benefit of 2 times the sum assured if an accident occurs while you’re a passenger on public transport; 3 times the sum assured on a commercial plane.
• Extend your cover to your children (only for package 3)
  • Enjoy free protection for up to 3 kids at 10% of the basic sum assured for each one, with a minimum basic sum assured of SGD500,000.
• Choose from 3 levels of protection
  • Package 1 (lowest payout)
  • Package 2
  • Package 3 (highest payout)
• Additional Coverage Riders
  • Get reimbursed for medical expenses
    • Receive a reimbursement for 12 months from the diagnosis of diseases such as hand-foot-and-mouth disease.
  • Get covered even for home modifications
    • Receive reimbursement in the event you have to modify parts of your home to facilitate movement after an accident.
  • Get assistance in the event of disability
    • Receive a weekly benefit in the event of temporary partial or total disability, so you can focus more fully on recovering.
  • Get a payout if you suffer broken bones
    • Receive a payout between SGD10,000 and SGD50,000 in the event of broken bones caused by an accident.
  • Get support throughout your recovery
    • Receive reimbursement for inpatient and outpatient treatments needed for your recovery, including physiotherapy.
  • Get daily income while hospitalised
    • Receive up to SGD400 per day for up to 100 days if you’re hospitalised due to an accident – doubled if confined in ICU, for up to 50 days.
      
      

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Features of HSBC Life Band Aid at a glance

Cash and Cash Withdrawal Benefits
Cash value: No
Cash withdrawal benefits: No

Health and Insurance Coverage
Death: Yes (Accidental Death)
Total Permanent Disability: Yes (Accidental Dismemberment)
Terminal Illness: No
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
Yes

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.

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Is HSBC Life Band Aid suitable for me?