200% Start up Bonus

Accelerate your investment with Start-up Bonus1 up to 200% of your regular premium

Power-up Bonus

Boost your investment with Power-up Bonus2 up to 1.3% p.a. of your account value from policy year 15

Loyalty Bonus

Be further rewarded with Loyalty Bonus3 up to 1.1% of your account value after the end of your Minimum Investment Period

Plan Flexibility

Enjoy the flexibility4 to opt for a Premium Holiday5, Premium Reduction6, Partial Withdrawal7, or even top up your premium

Free Partial Withdrawal Benefit

With the Free Partial Withdrawal Benefit8, enjoy up to seven partial withdrawals without Partial Withdrawal Charge after Initial Contribution period (ICP)

To find out more, please refer to our brochure.

AWA_Brochure_Nov22_FA_V05.pdf

HSBC Life Wealth Accelerate is built to reward, giving you bonuses throughout your investment horizon to boost your returns, as well as flexibility to cater to your financial goals.

An investment-linked plan that offers you 3 bonuses in your lifetime - a Start-up bonus to kick start your investment, a Power-up bonus to accelerate your investment, and a Loyalty bonus to reward you in the long run.

Key Features

Features

Life Assured: 1 month to 70 years old9

Policyholder: 18 to 99 years old9

Select the MIP (10 years, 15 years, 20 years, 25 years or 30 years) at the point of application. No change of MIP is allowed once the policy is issued

Choose to invest in SGD or USD according to your preference

Choose to pay Annually, Semi-Annually, Quarterly or Monthly

Eligibility and Options

Start-up Bonus - Start-up Bonuses vary in accordance to the MIP selected.

Power-up Bonus - Power-up Bonuses vary in accordance to the MIP selected, and the Regular Premium selected. There will be no Power-up Bonus given to the Policy in the subsequent twelve (12) Policy months if the Policyholder has made a Partial Withdrawal, gone on Premium Holiday or done a Premium Reduction.

Loyalty Bonus - Power-up Bonuses vary in accordance to the MIP selected. There will be no Loyalty Bonus given to the Policy in the subsequent twelve (12) Policy months if the Policyholder has made a Partial Withdrawal.

Premium Allocation - Regular Premiums will be 100% allocated to the IUA during ICP, and to the AUA after ICP, at no premium charge. Recurring Single Premiums and/or Top-ups will be 100% allocated to the AUA, at no premium charge. All monies in the IUA will be subject to AMF, and all monies in the AUA (including RSPs and Top-ups) will be subject to IMF and PWC, when applicable.

Premium Holiday - Premium Holidays are not allowed during the ICP. Premium Holidays starting from after ICP to end of MIP are allowed, subject to a maximum premium holiday aggregate of 84 months. Premium Holidays starting after MIP are allowed with no maximum limit. During Premium Holiday at any time, policy fees and charges will still be deducted. There is an option to backpay missed premiums.

Premium Reduction - Premium Reductions can be performed at any time after the ICP till the end of Policy Term, and can be reduced by a maximum of 25% of the original Regular Premium, subject to the minimum Regular Premium. A Bonus Recovery Charge applies to each Regular Premium reduction during the MIP.

Partial Withdrawal - Partial Withdrawals from IUA are not allowed during the MIP, and allowed after the MIP at no Partial Withdrawal Charge. Partial Withdrawals from AUA are allowed at anytime, subject to a Partial Withdrawal Charge during the MIP, and no Partial Withdrawal Charge after MIP.

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

Each Free Partial Withdrawal is capped at two (2) times the Annualised Regular Premium applicable at point of exercise. This means if you have reduced your Annualised Regular Premium, each of your Free Partial Withdrawal amount is capped at two (2) times of the reduced Annual Regular Premium. Upon each exercise of this benefit, No Power-Up Bonus or Loyalty Bonus will be given to the Policy in the next subsequent twelve (12) Policy months.

Product T&Cs

T&Cs

Policy Information and Downloads

Downloads

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This 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.

Buying an Investment-Linked Policy (“ILP”) comes with investment risks, as the value of units in the ILP Sub-fund(s) and income accruing to the units, if any, may rise or fall, which may lead to possible loss of the principal amount invested.

A Product Summary with details on product features and charges and a Product Highlights Sheet in relation to the ILP Sub-fund(s) are available and may be obtained from a financial planner representing HSBC Life. You should read them before deciding whether to subscribe for units in the ILP Sub-fund(s).

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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Rev up your returns

HSBC Life Wealth Accelerate

A one of a kind, newly-launched investment-linked policy that rewards you with 3 bonuses throughout your lifetime, including a Start-up Bonus, Power-up Bonus and Loyalty Bonus.

HSBC Life Wealth Accelerate

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