Home Loans Reducing Protector Plan

Secure your home with home owner protection

One of the largest financial commitments 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 Reducing Protector Plan is 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.

• Two options are available: "Death Only" and "Death or Permanent Total Disability".
• This is a policy that will decrease in value over a period of time, in line with your home loan balance.
• Benefit is paid as a lump sum if the life assured passes away during the policy term.
• The plan can be taken out by one person or jointly with another person. In the latter case, policy will terminate on the death of the 1^st life assured.
• You can increase or reduce the sum assured on policy anniversary. Increase is subject to underwriting.
• Your premium will depend on your circumstances such as the amount of cover you choose, age, occupation, medical history and pastimes.
• The "Death Only" version can cover you from 5 years to 45 years. This option cannot run beyond your 75 ^th birthday.
• The "Death or Permanent Total Disability" version can cover you from 2 years up to 40 years. This option cannot run beyond your 60^th birthday.
• The policy is utilised as security against an HSBC Home Loan.
• The premium is paid on an annual basis.
• The term of the policy and lives assured are fixed at policy inception and cannot be changed once the policy starts.

Further product details are to be found in the brochure and key features document which may be downloaded by clicking the links below.

Download the product brochure (591K PDF, 19pages).

Download the product key features (77K PDF,4 pages).