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Choose the insurance policy that is right for your loans

Will you put the burden of repaying your loan on your loved ones should your circumstances change? It is now possible for you to protect the amount outstanding and loan repayments on your loan in such unfortunate events.

Loan Insurance
Cover (Loan
Protector Plan)

Maximum age
covered
74 years *

Benefit type
Reducing sum assured

30 day
cooling-off period
Yes

Loan Protection on your terms.

Set appointment
Key features and benefits
  • Offers security against your loans.
  • Choose any level of cover from €11,646.
  • Shortest term is 5 years whilst longest term is 45 years.
Other things you need to know
  • * Policy cannot run beyond the 74th birthday of the life assured.
  • Premium rates remain constant throughout the policy.
  • The sum on cover decreases each year in line with a typical capital repayment loan.
  • Policy cannot be cancelled by us due to change in health.
  • The premiums go towards cost of policy only and do not build cash value.
  • Premium payments can be monthly, quarterly, semi-annual or annual.

The Loan Protector Plan enables you to cover the amount of your outstanding loans, in processing ensuring that the burden of the latter will never be transferred to your family or heirs in the unfortunate event of death.

  • Download product key features
  • Download product brochure
  • Like some help?

    Call our Contact Centre on
    +356 2380 2380

    We’re here 8:00am to 10:00pm daily
    excluding Sundays and Public Holidays

     

    Life Insurance
    Cover ( Personal
    Protector Plan)

    Maximum age
    covered
    75 years

    Benefit type
    Fixed sum assured

    30 day
    cooling-off period
    Yes

    Family protection on your terms.

    Full details
    Key features and benefits
    • Upon the death of the life assured the policy pays out the sum assured as a lump sum tax free** payment of your choice to the beneficiary designated by you in the policy.
    • Offers security against your loans if pledged.
    • Provides financial security for those who financially depend on you.
    Other things you need to know
    • The following Additional Benefits can also be added:
      - Accidental Death
      - Critical Illness
      - Permanent Total & Partial Disability
      - Waiver of Premium
    • Premium rates remain constant throughout your policy.
    • You can increase or decrease the sum assured on policy anniversary to adjust for your changing personal circumstances.
    • Policy cannot be cancelled by us due to change in health.
    • The premiums go towards cost of policy only and do not build cash value.
    • Premium payments can be monthly, quarterly, semi-annual or annual.

    The truth is that you want to feel secure and confident about your future. A life assurance policy mitigates the risks and dangers of life.

    ** Under current legislation benefits are not taxable, however this may be subject to change in the future.

     

    Like some help?

    Call our Contact Centre on
    +356 2380 2380

    We’re here 8:00am to 10:00pm daily
    excluding Sundays and Public Holidays

     

    HSBC Life Assurance is authorised to carry on long term business of insurance in Malta and is regulated by the Malta Financial Services Authority under the Insurance Business Act 1998. HSBC Bank Malta plc is enrolled as a tied insurance intermediary for HSBC Life Assurance (Malta) Ltd. under the Insurance Intermediaries Act 2006.

    Important note: A compensation scheme is available under insurance business legislation should the insurer be insolvent in respect of obligations which arise from a policy of insurance issued in Malta subject to such limitations, restrictions and exclusions as may from time to time be prescribed.

    Insurance Plan advice

    Have a question?

    Have a question?

    Call our Contact Centre on

    +356 2380 2380

    We're here from 8:00am to 8:00pm excluding Sundays and Public Holidays.

     

    Connect with us

    Listening to what you say about our services matters to us. It’s easy to share your ideas, stay informed and join the conversation.

     

     

    Registered Address: 116, Archbishop Street, Valletta VLT 1444. Company No.:C3177

    © HSBC Bank Malta p.l.c. 2017. All rights reserved.

    Registered Address: 116, Archbishop Street, Valletta VLT 1444. Company No.:C3177

    © HSBC Bank Malta p.l.c. 2017. All rights reserved.

     

    Additional benefits

    Speak to us to get a better explanation of the benefits below.

    Accidental Death

    This option guarantees the payment of an additional sum assured equal to that of the main life cover. It is payable if the life assured passes away due to bodily injuries resulting exclusively from an accident.

    Critical Illness

    This option guarantees the payment of the selected sum assured if the life assured is diagnosed with any one of the following conditions: heart attack, coronary by-pass, stroke, kidney failure, life threatening cancer, major organ transplant, coma, paralysis, blindness, severe burns.

    Permanent Total or Partial Disability

    This option guarantees the payment of the selected sum assured in case of permanent total disability. If the life assured is diagnosed as being partially disabled, the benefit will be a percentage of the sum assured you had chosen for this benefit, depending on the severity of the disability, whilst the cover will remain for the rest of the sum assured.

    Waiver of Premium

    This option applies only if the policyholder is also the life assured. This option provides you with a waiver of premium if you suffer a disability which causes you to lose your income. In other words, your life policy will continue without you having to pay the premium, until you recover and are able to resume work.

    Full details of the above-mentioned benefits are contained in the respective Product Brochures, Key Features Documents and Policy Terms and Conditions.

     

    Personal Loan Credit Insurance

    HSBC Life Assurance is authorised to carry on long term business of insurance in Malta and is regulated by the Malta Financial Services Authority under the Insurance Business Act 1998. HSBC Bank Malta plc is enrolled as a tied insurance intermediary for HSBC Life Assurance (Malta) Ltd. under the Insurance Intermediaries Act 2006.

    Elmo Insurance Ltd, Atlas Insurance Ltd, Citadel Insurance plc and GasanMamo Insurance Ltd are authorised under the Insurance Business Act 1998 to carry on general business of insurance and are regulated by the Malta Financial Services Authority.

    HSBC Bank Malta p.l.c. is enrolled by the Malta Financial Services Authority as a tied insurance intermediary for and on behalf of HSBC Life Assurance (Malta) Ltd for the death benefit and Elmo Insurance Ltd, Atlas Insurance Ltd, Citadel Insurance plc and GasanMamo Insurance Ltd in relation to accident, sickness and unemployment benefits.

    Important note: A compensation scheme is available under insurance business legislation should the insurer be insolvent in respect of obligations which arise from a policy of insurance issued in Malta subject to such limitations, restrictions and exclusions as may from time to time be prescribed.

     

    Home Loan Credit Insurance

    HSBC Life Assurance is authorised to carry on long term business of insurance in Malta and is regulated by the Malta Financial Services Authority under the Insurance Business Act 1998. HSBC Bank Malta plc is enrolled as a tied insurance intermediary for HSBC Life Assurance (Malta) Ltd. under the Insurance Intermediaries Act 2006.

    Elmo Insurance Ltd, Atlas Insurance Ltd, Citadel Insurance plc and GasanMamo Insurance Ltd are authorised under the Insurance Business Act 1998 to carry on general business of insurance and are regulated by the Malta Financial Services Authority.

    HSBC Bank Malta p.l.c. is enrolled by the Malta Financial Services Authority as a tied insurance intermediary for and on behalf of HSBC Life Assurance (Malta) Ltd for the death benefit and Elmo Insurance Ltd, Atlas Insurance Ltd, Citadel Insurance plc and GasanMamo Insurance Ltd in relation to accident, sickness and unemployment benefits.

    Important note: A compensation scheme is available under insurance business legislation should the insurer be insolvent in respect of obligations which arise from a policy of insurance issued in Malta subject to such limitations, restrictions and exclusions as may from time to time be prescribed.