HSBC Life Sapphire Prestige Income II Review

The complete Pros and Cons on HSBC Life Sapphire Prestige Income II

HSBC Life Sapphire Prestige Income II is a whole life plan that provides you with regular income to complement your savings so you can enjoy your retirement with peace of mind.

HSBC Life Sapphire Prestige Income II product details

  • Life policy – Universal Life Insurance
  • Flexible premium term.
    • Choose from a single or regular premium payment term of 3 years, either in SGD or USD.
  • Hassle-free application.
    • Enjoy coverage on death and terminal illness or accidental death, with no medical examination required.
  • Enjoy a lifetime of regular income.
    • Start receiving monthly payouts from as early as the end of the 13th month up to age 120 of the original life insured. Or, you can choose to accumulate your regular income for potential higher returns.
  • Replacement of life insured..
    • Option to change the life insured up to three times during the policy term for both corporate and individual policies.
  • Unemployment support benefit.
    • You have the option to defer your regular premiums payment up to 365 days in the event of unemployment.
  • Immediate policy cash value.
    • Get guaranteed cash value equivalent to 80% of the premium paid from day 1 for single premium policies.
  • Maturity benefit.
    • Receive a lump sum payout when the policy matures at age 120.

Read About3 things to consider before taking up a new financial product

Features of HSBC Life Sapphire Prestige Income II at a glance

Cash and Cash Withdrawal Benefits

Cash value: Yes
Cash withdrawal benefits: No

Health and Insurance Coverage

Death: No
Total Permanent Disability: No
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

Nil

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 AboutEffects of compounding returns

Is HSBC Life Sapphire Prestige Income II suitable for me?

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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    Before you go...
    HSBC Life Sapphire Prestige Income II may be a good fit towards your current financial goals. However, there could be way more plans out there with features and/ or benefits that could be more relevant to you at a lower cost.
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