HSBC Life HappyFamily Review

HSBC Life HappyFamily (previously known as AXA HappyFamily) is a two-plan bundle consisting of HSBC Life EmpoweredMum prenatal plan and an eligible HSBC Life Basic Plan, allowing you to enjoy more expansive coverage for the whole family.

Stay protected from a comprehensive list of covered pregnancy complications, congenital illnesses and hospitalisation events.

HSBC Life HappyFamily product details

• Life policy – Whole Life Policy
• Age of entry
  • 18 to 45 years old
  • Between 13 – 36 months of pregnancy
• Coverage
  • Receive 15% of the sum assured if the Life Assured undergoes delivery at less than 36 weeks of gestation by caesarean section (c-section)
  • Receive 100% of the sum assured if the newborn child is diagnosed with any of the 26 covered congenital illnesses
  • Receive 2% of the sum assured per day of hospitalisation for any of the 17 covered events for the child, up to 30 days
  • Receive 15% of the the sum assured if the child is diagnosed with developmental delay in gross motor or speech development, up to $3,000
  • Receive 100% of the sum assured in the event of death
• Choice of insuring either the Mother, Father or Child’s sibling under any one of the eligible HSBC Life Basic Plans.
• Enjoy flexibility to transfer coverage of HSBC Life Flexi Protector or HSBC Life – Life Treasure (II) plan from Mother to newborn Child without underwriting, within 60 days from Child’s birth.
• Free first year HSBC Life Shield Plan B for child when you apply within 60 days from child’s birth.
  
  

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

Health and Insurance Coverage
Death: Yes
Total Permanent Disability: Yes
Terminal Illness: Yes
Critical Illness: No (Yes with rider)
Early Critical Illness: No (Yes with rider)

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.

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Is HSBC Life HappyFamily suitable for me?