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How our life and critical illness products compare

How our life and critical illness products compare

Meeting your clients’ protection needs

At a glance

We have a selection of protection products for life and critical illness cover, designed to meet the needs of your clients and their families.

Death Benefit — A lump sum payment on death

  • Included
    HSBC Life Protection
  • Not Included
    HSBC Critical Illness
  • Not Included
    HSBC Critical Illness Plus
  • Included
    HSBC Life and Critical Illness
  • Included
    HSBC Life and Critical Illness Plus

Terminal Illness Benefit — a lump sum payment on earlier Diagnosis of a Terminal Illness

  • Included
    HSBC Life Protection
  • Included
    HSBC Critical Illness
  • Included
    HSBC Critical Illness Plus
  • Included
    HSBC Life and Critical Illness
  • Included
    HSBC Life and Critical Illness Plus

Critical Illness Benefit — (full payment condition) – a lump sum payment of the sum assured on diagnosis of one of the specified Critical Illnesses or when you undergo a specified surgical procedure

  • Not Included
    HSBC Life Protection
  • Included
    HSBC Critical Illness
  • Included
    HSBC Critical Illness Plus
  • Included
    HSBC Life and Critical Illness
  • Included
    HSBC Life and Critical Illness Plus

Critical Illness Benefit — (additional payment condition) – a specified lump sum payment on diagnosis of one of the specified Critical Illnesses or when you undergo a specific procedure

  • Not Included
    HSBC Life Protection
  • Included
    HSBC Critical Illness
    The lower of £25,000 or 25% of the sum assured
  • Included
    HSBC Critical Illness Plus
    The lower of £50,000 or 50% of the sum assured
  • Included
    HSBC Life and Critical Illness
    The lower of £25,000 or 25% of the sum assured
  • Included
    HSBC Life and Critical Illness Plus
    The lower of £50,000 or 50% of the sum assured

Increase policy cover amount — option to increase your cover amount in specified circumstance without the need for further underwriting

  • Included
    HSBC Life Protection
  • Included
    HSBC Critical Illness
  • Included
    HSBC Critical Illness Plus
  • Included
    HSBC Life and Critical Illness
  • Included
    HSBC Life and Critical Illness Plus

Interim Cover — if you are taking the Policy out in connection with a UK residential mortgage, free cover is provided until your policy commences

  • Included
    HSBC Life Protection
  • Not Included
    HSBC Critical Illness
  • Not Included
    HSBC Critical Illness Plus
  • Included
    HSBC Life and Critical Illness
  • Included
    HSBC Life and Critical Illness Plus

Hospitalisation benefit due to accidental injury — a £5,000 lump sum payment following an accident that results in physical injury which requires the Life Insured to stay in hospital for 30 or more consecutive days

  • Not Included
    HSBC Life Protection
  • Not Included
    HSBC Critical Illness
  • Included
    HSBC Critical Illness Plus
  • Not Included
    HSBC Life and Critical Illness
  • Included
    HSBC Life and Critical Illness Plus

Children’s Critical Illness Benefit (i) — (full payment condition) – a specified lump sum payment upon diagnosis of a specified Critical Illnesses or a specified surgical procedure relating to a dependent child

  • Not Included
    HSBC Life Protection
  • Included
    HSBC Critical Illness
    The lower of £25,000 or 50% of the sum assured
  • Included
    HSBC Critical Illness Plus
    The lower of £50,000 or 50% of the sum assured
  • Included
    HSBC Life and Critical Illness
    The lower of £25,000 or 50% of the sum assured
  • Included
    HSBC Life and Critical Illness Plus
    The lower of £50,000 or 50% of the sum assured

Children’s Critical Illness Benefit (i) — (additional payment condition) – a specified lump sum payment upon diagnosis of a specified Critical Illnesses or a specified surgical procedure relating to a dependent child

  • Not Included
    HSBC Life Protection
  • Included
    HSBC Critical Illness
    The lower of £25,000 or 25% of the sum assured
  • Included
    HSBC Critical Illness Plus
    The lower of £30,000 or 50% of the sum assured
  • Included
    HSBC Life and Critical Illness
    The lower of £25,000 or 25% of the sum assured
  • Included
    HSBC Life and Critical Illness Plus
    The lower of £30,000 or 50% of the sum assured

Children’s Hospital Benefit — £100 per day where a dependent child is required to stay in hospital between 7 and 30 consecutive nights

  • Not Included
    HSBC Life Protection
  • Not Included
    HSBC Critical Illness
  • Included
    HSBC Critical Illness Plus
  • Not Included
    HSBC Life and Critical Illness
  • Included
    HSBC Life and Critical Illness Plus

Children’s Bereavement Assistance — a lump sum payment to assist with costs in relation to death of any dependent Child/Children during the Policy term

  • Not Included
    HSBC Life Protection
  • Included
    HSBC Critical Illness
    £5,000
  • Included
    HSBC Critical Illness Plus
    £10,000
  • Included
    HSBC Life and Critical Illness
    £5,000
  • Included
    HSBC Life and Critical Illness Plus
    £10,000

Separation benefit — in the event that the Lives Insured separate, under this benefit a joint Policy can be split into two single Policies without the need for any further medical information, allowing the Lives Insured the option to continue their cover independently

  • Not Included
    HSBC Life Protection
  • Included
    HSBC Critical Illness
  • Included
    HSBC Critical Illness Plus
  • Included
    HSBC Life and Critical Illness
  • Included
    HSBC Life and Critical Illness Plus

Total Permanent Disability

  • Not Included
    HSBC Life Protection
  • Included
    HSBC Critical Illness
  • Included
    HSBC Critical Illness Plus
  • Included
    HSBC Life and Critical Illness
  • Included
    HSBC Life and Critical Illness Plus

Waiver of Premium — Min and max ages of 17 – 69, with deferred period of 26 weeks. Claims basis: ability to undertake Own Occupation if employed, or if not, Activities of Daily Living criteria. Claims can continue until the end of the policy term or aged 71 if earlier.

  • Included
    HSBC Life Protection
  • Included
    HSBC Critical Illness
  • Included
    HSBC Critical Illness Plus
  • Included
    HSBC Life and Critical Illness
  • Included
    HSBC Life and Critical Illness Plus
Death Benefit — A lump sum payment on death Terminal Illness Benefit — a lump sum payment on earlier Diagnosis of a Terminal Illness Critical Illness Benefit — (full payment condition) – a lump sum payment of the sum assured on diagnosis of one of the specified Critical Illnesses or when you undergo a specified surgical procedure Critical Illness Benefit — (additional payment condition) – a specified lump sum payment on diagnosis of one of the specified Critical Illnesses or when you undergo a specific procedure Increase policy cover amount — option to increase your cover amount in specified circumstance without the need for further underwriting Interim Cover — if you are taking the Policy out in connection with a UK residential mortgage, free cover is provided until your policy commences Hospitalisation benefit due to accidental injury — a £5,000 lump sum payment following an accident that results in physical injury which requires the Life Insured to stay in hospital for 30 or more consecutive days Children’s Critical Illness Benefit (i) — (full payment condition) – a specified lump sum payment upon diagnosis of a specified Critical Illnesses or a specified surgical procedure relating to a dependent child Children’s Critical Illness Benefit (i) — (additional payment condition) – a specified lump sum payment upon diagnosis of a specified Critical Illnesses or a specified surgical procedure relating to a dependent child Children’s Hospital Benefit — £100 per day where a dependent child is required to stay in hospital between 7 and 30 consecutive nights Children’s Bereavement Assistance — a lump sum payment to assist with costs in relation to death of any dependent Child/Children during the Policy term Separation benefit — in the event that the Lives Insured separate, under this benefit a joint Policy can be split into two single Policies without the need for any further medical information, allowing the Lives Insured the option to continue their cover independently Total Permanent DisabilityWaiver of Premium — Min and max ages of 17 – 69, with deferred period of 26 weeks. Claims basis: ability to undertake Own Occupation if employed, or if not, Activities of Daily Living criteria. Claims can continue until the end of the policy term or aged 71 if earlier.
 HSBC Life ProtectionHSBC Critical IllnessHSBC Critical Illness PlusHSBC Life and Critical IllnessHSBC Life and Critical Illness Plus
Included Not Included Not Included Included Included
Included Included Included Included Included
Not Included Included Included Included Included
Not Included The lower of £25,000 or 25% of the sum assured The lower of £50,000 or 50% of the sum assured The lower of £25,000 or 25% of the sum assured The lower of £50,000 or 50% of the sum assured
Included Included Included Included Included
Included Not Included Not Included Included Included
Not Included Not Included Included Not Included Included
Not Included The lower of £25,000 or 50% of the sum assured The lower of £50,000 or 50% of the sum assured The lower of £25,000 or 50% of the sum assured The lower of £50,000 or 50% of the sum assured
Not Included The lower of £25,000 or 25% of the sum assured The lower of £30,000 or 50% of the sum assured The lower of £25,000 or 25% of the sum assured The lower of £30,000 or 50% of the sum assured
Not Included Not Included Included Not Included Included
Not Included £5,000 £10,000 £5,000 £10,000
Not Included Included Included Included Included
Optional benefits
Not Included Included Included Included Included
Included Included Included Included Included
  • (i) Children’s Critical Illness Benefit covers any Child of a Life Insured (including natural, step and legally adopted Children of the Life Insured).

Please note: This table is for illustration purposes only and does not replace the full product terms and conditions. These, along with full details of the policy features and benefits, can be found in the Policy Booklet.

What critical illness conditions are covered?

HSBC Life Online Health Services

Clients can access a world of healthcare from their phone, anytime, wherever they are.

Watch our Online Health Services video

Available for all existing and new policies, your clients will enjoy access to a world of healthcare from your phone, anytime, wherever you are.

Who can benefit?

HSBC Life ProtectionHSBC Critical Illness / HSBC Life and Critical IllnessHSBC Critical Illness Plus / HSBC Life and Critical Illness PlusYour partnerYour dependent under the age of 16Your dependent between 16 and 23Yearly benefit allowance limits
Digital GP and Prescription Services✓✓✓✓✓✓Unlimited
Second Medical Opinion✓✓✓✓✓✓2**
Remote Physiotherapy✓✓✓✓8**
Health Check ✓✓✓✓1*
Mental Health Support✓✓✓✓✓8**

*The Health Check allowance for a joint policy is one per year for each policyholder. For a single policy, the 1 per year allowance can be used by either the policyholder or their partner, but not both.

**Allowances can be shared between all family members who have access.

Policy Booklets

Focussed resources

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