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Income Protection

Help replace your loss of earnings with a monthly tax-free benefit if you're unable to work due to an accident or injury

Get the financial support you need if you're unable to work due to an accident or injury

Income Protection pays a monthly tax-free benefit to help replace your loss of earnings. In addition to a monthly benefit, the policy can provide specialist rehabilitation services, tailored to you, which can help you get back on your feet and back in to work.

Apply for Income Protection through our protection advice service, available - at no extra cost - to HSBC UK customers who are UK residents aged 18 and over.

What you'll get

A tax-free monthly benefit

You'll get a tax-free monthly benefit paid directly to your bank account.

A dedicated claims assessor

Your dedicated claims assessor will be on hand to offer support.

Reliable pay outs

Income Protection paid over 80% of claims received in 2021.

Why get cover with us

  • Flexible policy terms

    Choose how soon you'd want your monthly pay outs to start and how long the policy needs to run.

  • Fixed monthly payments

    Pay fixed monthly payments throughout your policy, unless you take an increasing cover policy through one of our advisers.

What's covered

Income Protection offers you the financial support you need if you're unable to work due to an accident or injury. It pays a monthly tax-free benefit to help replace loss of earnings.

Policies can also provide specialist rehabilitation services, tailored to you, which can help you get back on your feet and into work.

Rehabilitation providers specialise in helping customers affected by our most common causes of claims. These include psychological issues such as stress, anxiety and depression; musculoskeletal problems, such as back pain; and cancer. This means you can get the practical help and the treatment you need without delay.

Income Protection can be taken over a set term or until you retire.

We offer Income Protection policies from a hand-picked list of providers through our protection advice service.

What's not covered

As with all insurance policies, terms and conditions, exclusions and limitations will apply.

Get a quote

Who can apply?

You can apply if you're:

  • an HSBC UK customer
  • a UK resident
  • aged 18 and over

Things to know

How to apply

If you'd like to apply for an Income Protection policy, our protection advisers are available to help via video or phone call. They’ll spend time getting to know your situation then recommend a competitive policy that's right for you from our hand-picked list of providers.

If you’re interested in using this service, please email us at wealthadvicecentre@hsbc.co.uk and an adviser will be in touch to arrange an introductory call.

When applying for an HSBC mortgage, one of our Mortgage Advisers will also be able to discuss Income Protection with you.

Frequently asked questions

It's easy to answer your query online. Visit our Help page to find out how.