HSBC Life – Life Treasure III is a whole life protection plan that covers you in the event of death, total and permanent disability or terminal illness.
HSBC Life – Life Treasure III product details
Read About: 3 Best Whole Life Plan in Singapore for Insurance Coverage (Updated)
- Life policy – Whole Life Policy
- Insurance Coverage
- Be covered against Death, Total and Permanent Disablity and Terminal Illness
- Be covered against Early Critical Illness, and Critical Illness with the available riders
- Accident Death Coverage
- Pays an additional amount equivalent to either your basic sum assured or multiplier benefit in the event of death due to an accident (up to age 80).
- Coverage Multiplier Benefit
- You can choose to boost your coverage by 2.5x, 3.5x, 4.5x or 6x of the Sum Assured to ensure you are well covered should the unexpected happen
- You can choose for your multiplier coverage to last up till age 65, 70 or 80
- Always having a boosted coverage
- Your multiplier benefit stays after you reach your multiplier coverage age, and reduces by 10% each year until it reaches 50%. This means that, for your basic plan benefits, you will always be entitled to coverage that is more than your basic sum assured
- Comprehensiver rider coverage
- Early Critical Illness Benefit III rider covers 170 medical conditions from early to advanced stage critical illnesses
- Critical Illness Benefit III rider covers 56 advanced stage critical illnesses
- Addtional coverage for top 5 common critical illness
- Receive an extra payout of 50% of the original sum assured for the following 5 common crtical illness
- Major Cancer, Heart Atttack, Stroke, End Stage Kidney Failure and Coronary Artery By-Pass Surgery
- Receive an extra payout of 50% of the original sum assured for the following 5 common crtical illness
- Family Protection Benefit
- Receive a lump sum amount equivalent to 2 years of premium payments if your spouse or parent passes away
- Flexible Premium Term
- You can choose to pay premiums over 10, 15, 20, 25 years or 30 years
- Guaranteed Insurablity Option
- Increase your coverage at key life events (eg. marriage, newborn child or graduation) without evidence of good health
Features of HSBC Life – Life Treasure III at a glance
Refer to below for a simplified overview of HSBC Life – Life Treasure III:
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: Yes (With added riders)
- Early Critical Illness: Yes (With added riders)
Health and Insurance Coverage Multiplier
- Death: Yes
- Total Permanent Disability: Yes
- Terminal Illness: Yes
- Critical Illness: Yes
- Early Critical Illness: Yes
Optional Add-on Riders
- Early Critical Illness Benefit III
- Critical Illness Benefit III
- Payer PremiumEraser
- Smart Payer PremiumEraser Plu
For further information and details, refer to HSBC Life website. Alternatively, fill up the form below and let us advise accordingly.
HSBC Life – Life Treasure III may be suitable if you are looking for
HSBC Life – Life Treasure III may potentially be a good fit if the following matters to you:
- Higher protection for Death and Terminal Illness coverage at an affordable premium.
- Highest Early Critical Illness, Critical Illness, and Total Permanent Disability coverage in an Insurance Policy.
- Health and Protection coverage due to a shortfall in your Insurance Portfolio.
- Accumulating cash value in the policy for financial returns in the long term.
- Paying premiums only for a limited number of years and enjoying coverage for a lifetime.
Read About: How much insurance coverage do you really need in Singapore *NEW*
In-depth Review: Term life vs Whole life – Which is better for you?
HSBC Life – Life Treasure III may not be suitable if you are looking for
HSBC Life – Life Treasure III may potentially be a bad fit if the following matters to you:
- Liquidity or flexibility of withdrawal in your insurance policy.
- Access to cash from your policy on a regular basis.
- Insurance policy with a high surrender value in the early years of the policy.
- Potentially higher financial returns compared to a pure investment product.
For pure insurance savings or investment plans, please refer to the following policy reviews:
In-depth Review: 3 Best Endowment Savings Plans in Singapore with Lifetime Wealth Accumulation (Updated)
In-depth Review: 6 Best Investment Linked Policies in Singapore for Wealth Accumulation (Updated)
Further considerations on HSBC Life – Life Treasure III
- How is HSBC Life or HSBC Life – Life Treasure III investment returns based on historical performance?
- How does HSBC Life – Life Treasure III compare with Whole Life Policies from other insurance companies?
- Can HSBC Life – Life Treasure III fulfill my financial insurance, health, and protection needs?
The above information may not fully highlight all the product details and features on HSBC Life – Life Treasure III.
Talk to us or seek advice from a financial adviser before making any decision about HSBC Life – Life Treasure III.
Read About: Where do you start with financial planning?
Is HSBC Life – Life Treasure III suitable for you?
Contact InterestGuru using the form below. Our panel of licensed financial advisers will advise accordingly, based on your financial profile and protection needs.
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