Home Owner Protection

One of the largest financial comittments you are ever likely to make is a home loan. Wouldn't it be great to have the peace of mind of knowing that should you unfortunately pass away or suffer a permanent disability, your family will be able to keep their home because your home loan will be repaid?

Our Home Loan life assurance plans are a way of ensuring that your loan with the bank is taken care of upon your death or should you become permanently disabled. Under such circumstances, your family will always be protected.

Homeloans Reducing Protection Plan

This a simple, easy to arrange and affordable plan with a choice of two options:

Death Only option
This option has the objective to pay the outstanding amount owed on the home loan should you pass away during the term of the policy. Of course, if the policy holder does not repay his loan according to the schedule agreed with the bank, then the amount covered will not be enough to repay the outstanding loan.

Death & Permanent Disability option
With this option you are covered not only in the case of death, but also should you become permanently and totally disabled during the term of the policy.

The Home Loans Reducing Protection offers the following benefits:

• The most economical plan being offered to HSBC customers taking up a home loan.
• One of the most affordable life assurance plans on the market.
• Option to choose between the "Death Only" and the "Death and Disability" cover.

How can I find out more?

The decision to take out life insurance is an important one.

• Click here to access the product brochure (pdf)
• Click here to access the Home Loans Reducing Protection key features (pdf)

For more information please call Customer Service on 2380 2380, or visit your nearest branch and discuss your personal needs with one of our Financial Planning Officers / Managers.