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Protect yourself against loss of income through serious illness or injury with our Income Protection Plan. Unlike LifeChoices which pays benefits after 60 days, you can decide to wait for a longer period before benefits start and also receive benefits for longer.

  • Pays you a monthly benefit if you are unable to work due to accident or sickness.
  • Choose your level of income protection benefit up to a maximum of 50% of your taxable earnings or 50% of your net profit if you are self-employed.
  • Take your policy with you if you change jobs.
  • You can choose when your benefit payments start.
  • Receive an income until you're fit enough to return to work, reach retirement age or until the agreed end of the cover.
  • No increase in your premiums if you make a claim.
  • Claims payments are tax free and linked to inflation. Currently no income tax liability on benefits, provided premiums paid from taxed income. No tax relief on premiums.
  • Income Protection Plan also available for directors and key employees.


Apply in branch

To apply for Income Protection book an appointment, telephone 0800 130 130 (Textphone 18001 0800 028 0126) or visit your local branch. Lines are open 8am to 10pm everyday (except Christmas Day, Boxing Day and New Year's Day).

Should you require advice please make an appointment with an HSBC Financial Planning Manager. When applying over the phone, HSBC will not be providing any advice or recommendation to the suitability of any policy.




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