HSBC Life Savings Protector II Review

Seal your commitments with HSBC Life Savings Protector II which will not only protect your savings but provides flexibility to potentially earn higher returns.

HSBC Life Savings Protector II product details

• Life policy – Endowment and Saving policy
• Choice of premium payment terms of 3 or 5 years to suit your financial situation.
• Capital guaranteed at the end of policy term.
• Enjoy a higher protection coverage to protect financial goals such as planning for a comfortable retirement or your children’s education.
  
  

Read About: Endowment and Saving policy: How does it work?

Read About: Endowment and Saving policy: Is it the best option?

Features of HSBC Life Savings Protector II at a glance

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

Health and Insurance Coverage
Death: Yes
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
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.

Read About: Effects of compounding returns

Read About: 3 things to consider before taking up a new financial product

HSBC Life Savings Protector II may be suitable if you are looking for

HSBC Life Savings Protector II may potentially be a good fit if the following matters to you:

• Liquidity or flexibility of withdrawal in your Insurance policy.
• A hassle-free application without medical underwriting
• Short to medium term endowment and savings plan
• To saving regularly over a period of time
• To potentially generate higher financial returns compared to bank accounts
  
  

HSBC Life Savings Protector II may not be suitable if you are looking for

HSBC Life Savings Protector II may potentially be a bad fit if the following matters to you:

• Health and Protection coverage
• High insurance coverage for Death or Terminal Illness
• Insurance coverage for Early Critical Illness, Critical Illness or Total Permanent Disability
• Lifetime regular cash payout
• A one-time premium commitment with no further cash commitment
• Potentially higher financial returns compared to a pure investment product.
• Insurance policy with a high surrender value in the early years of the policy.
  
  

Further considerations on HSBC Life Savings Protector II

• How is HSBC Life or HSBC Life Savings Protector II investment returns based on historical performance?
• How does HSBC Life Savings Protector II compare with Endowment policy from other insurance companies?
• Can HSBC Life Savings Protector II fulfil my financial, insurance, health and protection needs?
  
  

The above information may not fully highlight all the product details and features on HSBC Life Savings Protector II. Talk to us or seek advice from a financial adviser before making any decision about HSBC Life Savings Protector II.

Always ensure your long-term financial goals and objectives are aligned with the financial product you are considering to take up.

Read About: 3 best Savings plans and endowment policies in Singapore (updated 2023)

Is HSBC Life Savings Protector II suitable for me?