Guaranteed cash payout

Receive a steady stream of guaranteed cash payout for up to 5.50%1 of the sum assured or accumulate the payouts to receive higher lump sum at the end of the policy term

Flexible policy term

Protection coverage against uncertainties

Provides coverage for death and Terminal Illness2

Guaranteed issuance upon application

Hassle free application with no medical underwriting required3

Extra protection to prevent disruption to your endowment plan

Optional premium waiver riders are available to prevent undue worry in the event of disability or critical illness3

To find out more, please refer to our brochure.

Save for your goals in life such as getting a postgraduate degree or going on an occasional rewarding holiday, while enjoying the freedom to withdraw cash when the need arises.

HSBC Life SavvySaver (II) is a flexible endowment plan that offers guaranteed cash payouts to meet your goals from as low as S$100/month.

Key Features

Features

Life Assured: 1 month to 60 years old4

Policyholder: 18 to 99 years old4

Eligibility and Options

In the event of critical illness or total and permanent disability (on and before age 70) of the Life Assured, future premiums of the basic policy will be waived.

PremiumEraser Total

Add-Ons to Consider

Add-Ons

In the event of death or total and permanent disability (before age 65) of the Payer, future premiums of the basic policy will be waived up to the Premium Expiry Date of the basic policy or the policy anniversary at which the Payer is age 65, whichever is earlier.

Smart Payer PremiumEraser

In the event of death or total and permanent disability (before age 65) or critical illness of the Payer, future premiums of the basic policy will be waived up to the Premium Expiry Date of the basic policy or the policy anniversary at which the Payer is age 65, whichever is earlier.

Smart Payer PremiumEraser Plus

Age 25, signs up for HSBC Life SavvySaver (II)

Accumulates annual guaranteed cash payout1 of S$2,175 starting from the end of the 2nd policy year and earn a higher amount with non-guaranteed interest rate5

Partial withdraw6 moneys for her holiday trip to Europe

Policy matures and she receives payout for her children's education 

Illustrative example on How HSBC Life SavvySaver (II) can help you achieve your goals

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Illustration

1. For policy term 15 and 18 years, the guaranteed cash payout is 5.00% of HSBC Life SavvySaver (II) sum assured. For policy term 21 and 24 years, the guaranteed cash payout is 5.50% of HSBC Life SavvySaver (II) sum assured. The guaranteed cash payout is payable every year from the end of the second policy year until the year preceding maturity.

2. HSBC Life SavvySaver (II) is an endowment plan with benefits that add to your peace of mind. In the unfortunate event of Death or Terminal Illness (subject to exclusions), you will receive the following:

      i) 101% of total premium paid on the basic plan; or

(b) accumulated guaranteed cash payouts with non-guaranteed interest (if any); and 

3. HSBC Life SavvySaver (II) is a guaranteed issuance offer plan. Optional riders will be subject to underwriting.

4. Minimum entry age: Based on attained age. Maximum entry age: Based on age nearest birthday.

5. Accumulation interest rates may vary over time.

6. Minimum withdrawal limit is equivalent to one (1) guaranteed cash payout for your policy. Yearly cash payout previously withdrawn cannot be deposited back with HSBC Life. 

7. Under the withdrawals scenario, the non-guaranteed bonus is based on an illustrated investment rate of return of 4.25% per annum. For an illustrated investment rate of return of 3.00%, the non-guaranteed bonus is S$14,136, the total illustrated maturity benefit is S$45,290.

Product T&Cs

T&Cs

Policy Information and Downloads

Downloads

We've made it easy for you to file a claim

File a claim

Get In Touch

The plan is underwritten by HSBC Life (Singapore) Pte. Ltd. (“HSBC Life”). This advertisement is not a contract of insurance and not for use outside Singapore. The precise terms and conditions are specified in the policy contract.

This advertisement is for your information only and does not have any regard to your specific investment objectives, financial situation or particular needs. You may wish to seek advice from a financial planner before making a commitment to buy the product, and if you choose not to seek advice, you should consider whether the product is suitable for you.

Buying a life insurance policy is a long-term commitment. An early termination usually involves high costs and the surrender value payable may be less than the total premiums paid. 

A Product Summary is available and may be obtained from a financial planner representing HSBC Life. You should read it before deciding whether to purchase the policy.

This Policy is protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for Your Policy is automatic and no further action is required from You. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact us or visit the GIA/LIA or SDIC web-sites (www.gia.org.sg or www.lia.org.sg or www.sdic.org.sg).

This advertisement has not been reviewed by the Monetary Authority of Singapore.

All information is correct as of 01 February 2023.

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Achieve your life goals, your way

HSBC Life SavvySaver (II)

HSBC Life SavvySaver (II) is a best insurance savings plan in Singapore that gives you flexible saving options with annual guaranteed cash payout that helps you save and spend for your different goals in life.

HSBC Life SavvySaver (II)

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