The aim of the plan is to ensure sustainable long term growth which maximises returns whilst maintaining a level of capital protection, as long as the plan is kept to maturity.
The minimum single premium required to start a plan is €5,800. There is no maximum amount of investment.
The Single Premium Plan is a capital protected* with profits life assurance savings plan which provides you with a secure and effective method of building capital in the medium to long term with the added benefit of limited life cover.
Tax-free annual bonus
An annual bonus rate is declared annually in advance by HSBC Life Assurance (Malta) Ltd. and is tax-free in the hands of the policy holder. The Total Annual Bonus rate is reviewed at the end of each year and depending on investment returns during the year, a special additional annual bonus may be paid.
There is a one off allocation fee of 2.5% on your capital**. The allocation fee is reduced to 2% for investments over €99,999.99. The policy features no annual management or annual policy charges. There are also no surrender charges after the first three years, and you have the option to withdraw the whole annual bonus declared in the previous year, also without any charges.
As a policy holder, you have the option to make multiple deposits when it suits you, without having to start a new policy or committing yourself to regular payments.
An automatic sum assured of €2,330 is paid in addition to the policy account should the life assured pass away before the age of 61.
Are you eligible?
Book an appointment
To find out more about our savings and investment services, book an appointment for investment advice with a member of our financial planning team.
If you are not sure about investing in this product or which level of risk is appropriate for you, please seek financial advice.
If you cash in the plan before the end of term you may get back less than your original investment.
Past performance is not a guarantee for future performance.
Currency fluctuations may affect the value of the investment.
This information is not to be construed as investment advice. It is important that you read this information in conjunction with the Brochure, Key Features Document, Policy Terms & Conditions , Proposal Form and the Policy Schedule.
You might also be interested in
Our unit-linked product range allows you to pursue your own investment strategy through a mix of equity and bond-based funds.
Retirement Pension Plan
Our Retirement Pension Plan is a personal savings policy that brings together a broad range of global investment opportunities under one roof in a tax-efficient manner.
Take a structured approach to achieving your financial goals by working with one of our dedicated financial advisers.
The Single Premium Plan is manufactured by HSBC Life Assurance (Malta) Ltd. The policy is distributed to investors in Malta through HSBC Bank Malta p.l.c.
HSBC Life Assurance (Malta) Ltd (Registered Office: 80, Mill Street, Qormi QRM 3101 Malta. Company No: C18814) is regulated and authorised by the MFSA (Malta Financial Services Authority, Notabile Road, BKR3000, Attard, Malta) to carry on long term business of insurance under the Insurance Business Act 1998. HSBC Bank Malta is enrolled as a Tied Insurance Intermediary for HSBC Life Assurance (Malta) Ltd under the Insurance Distribution Act, (Cap 487 of the Laws of Malta). (Registered Office: 116, Archbishop Street, Valletta VLT 1444. Company No: C3177).
Approved and issued by HSBC Bank Malta p.l.c, (116, Archbishop Street, Valletta VLT1444). HSBC is a public limited company regulated by the Malta Financial Services Authority and licensed to carry out the business of banking in terms of the Banking Act (Cap.371 of the Laws of Malta). HSBC Bank Malta p.l.c. is licenced to conduct investment services in terms of the Investment Services Act (Cap.370. of the Laws of Malta) and is enrolled as a Tied Insurance Intermediary for HSBC Life Assurance (Malta) Ltd under the Insurance Distribution Act (Cap. 487 of the Laws of Malta).
The Site is primarily intended for those who access it from within Malta. Because of this we cannot guarantee that the Site or the information thereon complies with law or regulation of other countries, or is appropriate for use, in other places. You are wholly responsible for use of the Site by any person using your computer and you must ensure that any such person complies with these Terms. The information provided on this Site is not intended for distribution to, or use by, any person in any jurisdiction where such distribution or use would be contrary to law or regulation. This Site should not be considered as communicating any invitation or inducement to engage in banking or investment activity or any offer to buy or sell any securities or other instruments outside Malta.