HSBC Life – Life Treasure III Review

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 safeguards your current lifestyle amidst life’s uncertainties and pave the way for a more empowered future. 

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 and Terminal Illness
  • Be covered against Total and Permanent Disability, Early Critical Illness, and Critical Illness with the available riders
• Coverage Multiplier Benefit
  • You can choose to boost your coverage 2.5X, 3.5X, 4.5X and 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
• Flexible Premium Term
  • You can choose to pay premiums over 10, 15, 20, 25 years or 30 years
• Safeguard against accidental death
  • 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)
• Flexibility
  • After you reach your multiplier coverage age, you may access your policy’s cash value by exercising the option to receive annual payout for 10 years
• Family support benefit
  • Receive a lump sum amount equivalent to 2 years of premium payments if your spouse or parent passes away
• Lock in your current health condition
  • Option to boost your coverage as needed upon specific life events by purchasing a new insurance plan with no additional health questions asked
    
    

Features of HSBC Life – Life Treasure III at a glance

Cash and Cash Withdrawal Benefits

Cash value: Yes
Cash withdrawal benefits: No

Health and Insurance Coverage

Death: Yes
Total Permanent Disability: Yes (With added riders)
Terminal Illness: Yes
Critical Illness: Yes (With added riders)
Early Critical Illness: Yes (With added riders)

Health and Insurance Coverage Multiplier

Death: Yes (With Multiplier rider)
Total Permanent Disability: Yes (With added riders)
Terminal Illness: Yes (With added riders)
Critical Illness: Yes (With added riders)
Early Critical Illness: Yes (With added riders)

Optional Add-on Riders

Early Critical Illness Benefit III
Critical Illness Benefit III
Payer PremiumEraser

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 (Updated)

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?
• How does the multiple claims rider for various stages of Critical Illnesses work?
  
  

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?