HSBC Life Term Protect Advantage Review

The complete Pros and Cons on HSBC Life Term Protect Advantage

With HSBC Life Term Protect Advantage, you have the flexibility to choose your preferred premium and policy term, and receive the surrender value, when the coverage is no longer needed.

HSBC Life Term Protect Advantage product details

  • Non-participating policy – Term policy
  • Flexible Premium and Policy Term
    • Take control of your financial future by choosing the term of your coverage and how long you wish to pay for it.
  • Guaranteed Surrender Value
    • When you no longer need the coverage, you can surrender your policy and receive the guaranteed surrender value of your policy (available for only limited pay option).
  • Affordable Protection Coverage
    • Challenging times call for an affordable policy, which protects you against Death and Terminal Illness, so you can allocate your money to where you need it most.
  • Boost Your Coverage with Guaranteed Insurability Option (GIO)
    • You can increase your coverage at life key milestones without medical underwriting.
  • Convertible Policy
    • You may change to any whole life or endowment plan (that is available to you at that point in time) without medical underwriting.
  • Unemployment Support Benefit
    • You may pay your premium at a later date (up to 365 days) if you become unemployed.

Read AboutTerm Policy: How does it work?

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

Features of HSBC Life Term Protect Advantage at a glance

Cash and Cash Withdrawal Benefits

Cash value: No
Cash withdrawal benefits: No

Health and Insurance Coverage

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

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

Disability Cover
Advance CI Waiver
Advance CI Cover

Additional Features and Benefits


For further information and details, refer to HSBC Life website. Alternatively, fill-up the form below and let us advise accordingly.

Read Also: No budget for financial planning?

HSBC Life Term Protect Advantage may be suitable if you are looking for

HSBC Life Term Protect Advantage may potentially be a good fit if the following matters to you:

  • High Health and Protection coverage
  • High insurance coverage for Death or Terminal Illness
  • High insurance coverage for Early Critical Illness, Critical Illness or Total and Permanent Disability with riders
  • Lower initial premium compared to other types of insurance policies
  • Looking to boost insurance coverage or fill a shortfall in an insurance portfolio

HSBC Life Term Protect Advantage may not suitable if you are looking for

HSBC Life Term Protect Advantage may potentially be a bad fit if the following matters to you:

  • Cash accumulation in an insurance policy
  • Regular cash payout
  • A one-time premium commitment with no further cash commitment
  • Insurance policy with a surrender value.

Further considerations on HSBC Life Term Protect Advantage

  • How is HSBC Life or HSBC Life Term Protect Advantage payout and claims based on past track record?
  • How does HSBC Life Term Protect Advantage compare with Term policy from other insurance companies?
  • Can HSBC Life Term Protect Advantage fulfill my financial, insurance, health, and protection needs?

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

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

Is HSBC Life Term Protect Advantage suitable for me?

Contact us using the form below. Our panel of licensed financial advisers will advise accordingly, based on your financial profile and protection needs.

All financial reviews and proposals provided are 100% free of charge. There will be no obligation to take up any proposed financial products or services in any way.

We compare quotations head to head on all leading insurers in Singapore

Personalised term insurance plans

Get the maximum value out of your term life plan!

3 easy steps for your customised insurance plan

Step 1: Getting to know you…

Let's start with a introduction of your personal profile. Please note that your current age and gender affects the insurance premium you have to pay for your term life plan.





Step 2: Understanding your coverage needs…

Please select the amount and period of coverage that is needed for this term life plan.

How much life coverage (sum assured) do you need:

This insurance coverage is needed to the age (policy term) of:


Step 3: Finding the best term life plans for you! team of financial planners will compare and provide you with the best term life insurance plans based on your inputs.



Please check your inbox for an e-mail of your savings needs and we will be in contact with you within 24 hours.

Personalised term insurance plans


Before you go...
HSBC Life Term Protect Advantage 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.
Drop us a message and find out about customised options across multiple insurance companies. You deserve to get the best out of your hard-earned savings!


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