If you’re struggling to pay your Life Cover, Critical Illness Cover or Income Cover monthly premiums because of coronavirus, help is available. Please visit our support page to find out more.

Protect what really matters

Our cover can’t save a life, but it can help protect those loved ones who are left behind from unnecessary financial burden.

Cover up to £2 million payable on death or terminal illness diagnosis
Choose between level and decreasing cover
Get free Accidental Death cover until your policy start date up to £250,000
If protecting an HSBC mortgage, get free Interim Life Cover until your policy start date
Joint Life Cover available in branch when protecting an HSBC mortgage

Are you a Premier customer?

Our dedicated Premier Managers can also discuss your protection only needs with you.

Find out more about Stand Alone Premier protection

Always remember to check the policy documents for full details (terms, conditions, limitations and exclusions apply).

HSBC Life Insurance is provided by HSBC Life (UK) Limited.

What is Life Cover?

We're here to give your loved ones the financial support they may need if the unexpected happens. The death of a partner or parent inevitably has an emotional impact, but it can also lead to financial hardship, particularly where the main breadwinner is no longer around to support the family.

HSBC Life Cover offers financial peace of mind with a tax-free lump sum payable on death, or diagnosis of a terminal illness. Accidental Death cover is also included.

Our Life Cover can help to provide financial security. A lump sum could help to pay off your mortgage or other borrowing, pay for further education or simply provide an income for your family to help with day-to-day living.

Joint Life Cover is available in branch when you are looking to protect an HSBC mortgage. Joint policies pay out if one of the policyholders dies during the length of the policy, after which the policy ends.

If you're not sure which products are right for you, you can contact your local branch and a member of our team will be happy to discuss the options available with you.

Existing policyholder?

If you have a question about a HSBC Life policy, you can view our support pages or you can call us on 0345 745 6125.**

**Lines are open 08:00 - 17:00, Monday to Friday (excluding bank holidays). Calls may be monitored and/or recorded.

Things you should know

As with all insurance policies, terms & conditions, exclusions and limitations will apply.

Terminal Illness benefit is payable on diagnosis of a terminal illness expected to lead to death within 24 months or the remaining term of the policy, whichever is later.

For Life Cover we will not cover you for suicide (within the first 12 months of the policy) or if you die due to a pre-existing condition that you have not disclosed to us.

For full details on significant and unusual limitations and exclusions, please read the Life Cover policy document and summary of cover (PDF).

Please note, this Life Cover document applies to new policies only.

If you already have a policy, your existing terms may vary. Please call us on 0345 745 6125 to find out more.

Lines are open 08:00 to 17:00, Monday to Friday (excluding bank holidays). Calls may be monitored and/or recorded.

Policy benefits are currently paid tax-free, but may give rise to an inheritance tax liability.

Life Insurance policies have no cash-in value.

Find the right cover to suit your needs

Our calculator will give you an idea of how much you may need to protect your loved ones when you're gone. Just tell us what you want to protect and we'll work out the rest.

Calculate your cover

How to apply

To apply for Life Cover online, you'll need to be an existing HSBC customer and registered for HSBC Internet Banking, and hold a HSBC bank account from which you'll make your monthly payments by direct debit.

To be eligible for HSBC Life Insurance products:

You must be a UK resident (not including the Channel Islands or the Isle of Man)

Life Cover eligibility requirements:

17 or over and under 70 years of age
Cover must cease before your 80th birthday

Unfortunately, you can't apply for Critical Illness or Income Cover online at the moment. Before you visit your local branch it's worth checking you meet the eligibility requirements.

Critical Illness Cover eligibility requirements:

17 or over and under 65 years of age
Cover must cease before your 70th birthday

Income Cover eligibility requirements:

17 or over and under 60 years of age
Cover must cease before your 68th birthday
In paid employment for more than 16 hours a week including self employment

For all products please read things to know before you apply.

Online

Get a quote and apply online.

You need to be an HSBC customer and registered for online banking.

We only offer single Life Cover online right now. For joint applications, you're welcome to apply in branch if you're looking to cover an HSBC mortgage.

Apply online

If you've already started an application, you can continue where you left off.

Continue application

It's often quicker to apply online, but we're still here in branch or over the phone for those who need our support the most.

Over the phone

If you’re interested in using our telephone advice service, please email us at wealthadvicecentre@hsbc.co.uk and an adviser will be in touch to arrange a call.

In branch

Services in our branches are limited because of the coronavirus outbreak. Unfortunately we can’t offer new products or set up appointments at the moment.

You can still apply for life cover online or by phone.

Find a branch

New to HSBC?

To join us you need to open a bank account with us first. Apply online now in minutes.

Before applying, please take the time to read the following. You may also want to save some of these documents for future reference.

Life Cover policy document and summary of cover (PDF, 370KB) Download

Please note, this Life Cover document applies to new policies only.

If you already have a policy, your existing terms may vary. Please call us on 0345 745 6125 to find out more.

Lines are open 08:00 to 17:00, Monday to Friday (excluding bank holidays). Calls may be monitored and/or recorded.

Frequently asked questions

Life insurance offers financial peace of mind that if something happens to you, your loved ones will be looked after. If you were to die, or get diagnosed with an illness which limits your life expectancy, it would pay a lump sum to your beneficiaries, subject to the normal claims assessment process.

With a level term life insurance policy, your family would be paid the pre-agreed sum of money if you were to die within the term. With a decreasing term policy, the value of the cash paid would go down over the length of the policy. This would typically be bought in line with the amount outstanding on a repayment mortgage.

Yes, you can have more than one life insurance policy. If you’re not sure whether the level of cover you have meets your needs, you may wish to speak to a financial adviser.

HSBC Life Cover covers suicide occurring after the first 12 months of the policy, subject to the normal claims assessment process.

You can cancel your HSBC Life Cover policy at any point by calling HSBC Life on 0345 745 6125. Lines are open 08:00 to 17:00 from Monday to Friday, excluding bank holidays.

If you’re not sure if your cover still meets your needs, you may wish to speak to a financial adviser. If you're having financial difficulty due to the coronavirus pandemic, we may be able to help. Please visit our Financial Support page.

The terms life insurance and life assurance are often used interchangeably – although strictly speaking they mean different things.

Life insurance is protection for a specified amount of time. If the policyholder dies during the term of the policy, the insurance company will pay a sum to their beneficiaries. If they outlive the term of the policy, their beneficiaries will not receive any payment. Therefore, the payment is insured, rather than ‘assured’.

Life assurance on the other hand means the policyholder is covered until they die. It’s also known as ‘whole of life’ cover. With life assurance, a payment is typically made when the policyholder dies.

HSBC Life (UK) Limited use the term ‘life insurance’ to apply to both term and whole of life cover.

Life Cover

Protect what really matters

What is Life Cover?

Existing policyholder?

Things you should know

Find the right cover to suit your needs

How to apply

Are you eligible?

Online

Over the phone

In branch

New to HSBC?

Frequently asked questions

What is life insurance?

Can you have more than one life insurance policy?

Does life insurance cover suicide?

Can I cancel my life cover?

What's the difference between life insurance and life assurance?

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Critical Illness

Income Cover

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