Insurance Plans offered by HSBC UAE
HSBC has built a strong reputation over the years owing to its provision of quality financial products and services. The bank has tied up with insurance companies to ensure that customers now have a wide range of insurance products from which to choose. Following are insurance packages that can be availed from HSBC bank in the UAE.
- Whole of Life Futura
- International Term Assurance
- Wealth Accumulation Plan
- Simple Life
The Whole of Life Futura insurance policy aims to provide customers with flexibility that enables them to alter benefits based on your life situation. It is a worldwide plan that offers the beneficiaries of the policyholder cover in case of the life assured’s death.
The International Term Assurance plan allows customers to choose the amount of cover they require and the period of time for which they need it. The policy runs for a predetermined time period and customers are eligible for lump sum payouts upon the expiry of the policy. In case of the policyholder’s death, the beneficiaries will receive financial support, and if the policyholder contracts a critical illness, a lump sum pay-out will be sanctioned upon diagnosis.
The Wealth Accumulation Plan enables policyholders to make both single as well as regular contributions and provides customers with the potential for growth on their investment. This is a single premium payment plan that offers high flexibility and death benefits in case of the untimely death of the policyholder.
This unit-linked policy requires customers to make regular premium payments, and the payment options are flexible, with customers given a choice between monthly, quarterly, half-yearly, annual and single premium payment options.
Simple Life as the name of the policy suggests, is an easy cover for the policyholder or his/her spouse at an affordable cost. The beneficiary will receive a lump sum amount in case of terminal illness or the accidental death of the policyholder. Customers can also claim a lump sum payout if they are diagnosed with any of the critical illnesses covered by the policy.
HSBC UAE General Insurance Plans
- Motor Insurance
- Home Insurance
- Travel Insurance
- Family Secure Personal Accident Insurance
The motor insurance plan from HSBC offers financial covers to customers if they have met with an accident. Not only does the plan cover financial losses incurred by the vehicle due to the damage caused by a road accident, but also covers the medical expenses incurred by the customer due to injuries.
Customers can claim financial cover for their personal belongings and household goods such as electronics and furniture in case of accidental damage, natural calamities, fire and unexpected events by taking out this policy. Cover is also provided for physical damage or unexpected loss of contents when shifting houses. The personal possessions for which cover can be claimed range from watches to laptops to jewellery and everything in between.
The travel insurance package covers customers against stolen or lost baggage, delayed flights, accidental damage or loss of personal belongings, emergency medical expenses, credit card fraud, loss of travel documents, etc.
This plan provides assurance of additional safety and peace of mind to the policyholder and his/her loved ones. In case of the untimely death of the policyholder, his/her family will be offered financial security for their future. In case of permanent disability or accidental death of the policyholder, the beneficiaries will receive a lump sum amount, thus making it easier to for the family to cope with the financial difficulties in the policyholder’s absence.