Life Cover

HSBC UK
Insurance
Products
Life Cover

Protect your loved ones today, so you don't have to worry about tomorrow

Life Cover offers financial peace of mind to your loved ones, paying a lump sum if you were to die or be diagnosed with a terminal illness – or a critical illness if you take out extra cover.

Cover is provided by HSBC Life (UK) Limited. Please check the policy documents for full details as terms, conditions, limitations and exclusions apply.

Use our handy calculator to work out how much cover you need and get a quote.

Get a quote in minutes

If you already have Life Cover with us, find out how you can manage your policy or make a claim.

Manage existing policy

What you'll get

Fixed premiums

Know that your payments will never go up.

Reliable pay outs

HSBC Life paid over 99% of claims in 2021.

Single or joint cover

Choose the type of cover that's right for you.

Why get cover with us

Lump sum payout

You or your family will get a lump sum payable on death or diagnosis of a terminal illness.
Quick application

You could get a Life Cover quote online in minutes.

Handy calculator

Work out how much cover you may need.
Critical Illness Cover

Available as an add on for extra protection for you and your family.

Your options

With level cover, the payout you receive stays the same throughout the term of the policy. With decreasing cover, the insured sum decreases over the term of the policy.

Level cover is often used for protecting personal loans and debts, university fees, funeral costs and other expenses. It is also suitable for interest-only mortgages, but it's optional. Having life insurance is not a condition of getting a new HSBC mortgage. Keep in mind the payout from level cover does not keep up with inflation.

Decreasing cover means your monthly payments will be lower than with level cover, although the amount you pay will stay the same throughout. If you want to protect a capital repayment mortgage, decreasing cover could be suitable.

As the name suggests, single cover protects one person. In contrast, joint life cover protects the lives of two people.

Single cover is tailored to the insured person's needs and pays out once when they die.

In contrast, joint life cover protects the lives of two people. The same cover amount applies to both of the insured people. And it pays out once when either person dies, at which point the policy ends.

Available as an optional add-on, Critical Illness Cover can help you with bills and day-to-day expenses, or you could use it to fund private medical care.

Critical Illness Cover pays a lump sum on diagnosis of one of 35 illnesses and surgical procedures including, cancer (excludes less advanced cases), heart attack, stroke and dementia. In 2021, HSBC Critical Illness Cover paid 95.5% of claims received.

With this add-on, if you cancel your Critical Illness policy or make a successful claim, your Critical Illness policy will end but your Life Cover policy will continue. If you cancel your Life Cover policy or make a successful Life Cover claim, your Critical Illness Cover will end.

This add-on is only available as level cover. If you need Critical Illness Cover that reduces over time (known as decreasing cover), or a standalone Critical Illness policy without life cover, speak to one of our advisers.

What's not covered

The Life Cover policy doesn't provide cover:

if there are changes to your health, lifestyle or occupation – and you don't tell us about them before the policy starts
if you were to take your own life within the first 12 months of the policy
for death outside the policy term

For full details of cover, view the policy document.

Get a quote

Who can apply?

You can apply for HSBC life insurance if you're a UK resident (not including the Channel Islands or the Isle of Man).

HSBC Life Cover eligibility:

You must be 17 or over and under 70 years of age at the time the policy starts.
Cover must cease before your 80th birthday.

Critical Illness Cover eligibility:

You must be 17 or over and under 70 years of age at the time the policy starts.
Cover must cease before your 75th birthday.

If you need Critical Illness Cover after your 75th birthday, please speak to a protection adviser.

Things to know

A trust allows the owner of a life policy to specify who can benefit from the policy proceeds after they die.

Find out how to put a policy into trust:

If you’re unsure whether a trust is the right thing for you, please seek legal advice.

Get a quote in minutes

Use our handy calculator to work out how much cover you need and get a quote. To apply online, you need to be registered for online banking.

Get a quick quote This link will open in a new window

Complete a quote

Continue a previous quote you began online.

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Other ways to apply

If you're registered for mobile banking, you can get a quote and apply straight from our app. If not, here's where you can download the HSBC mobile app on compatible devices.

Our protection advisers can discuss your options and recommend a policy that's right for you from our list of selected providers, including HSBC. This video or phone call service is available at no extra cost to HSBC customers who are UK residents aged 18 and over.

Talk to us

Frequently asked questions

If you're not sure which type of policy or level of cover is right for you, you may want to get some protection advice.

Our advisers can discuss your options and recommend a policy from our list of selected providers, including HSBC. This video or phone call service is available at no extra cost to HSBC UK customers who are UK residents aged 18 and over.

Yes you can have more than one life insurance policy. If you're not sure if your level of cover is right for you, you may want to get some protection advice.

You can cancel your Life Cover policy at any point by calling HSBC Life on 0345 745 6125. Lines are open 08:00 to 17:00 from Monday to Friday, excluding bank holidays.

If you’re not sure if your cover still meets your needs, you may wish to speak to a financial adviser. If you're having financial difficulty due to the coronavirus pandemic, we may be able to help. Please visit our Financial Support page.

The terms life insurance and life assurance are often used interchangeably – although strictly speaking they mean different things.

Life insurance is protection for a specified amount of time. If the policyholder dies during the term of the policy, the insurance company will pay a sum to their beneficiaries. If they outlive the term of the policy, their beneficiaries will not receive any payment. Therefore, the payment is insured, rather than ‘assured’.

Life assurance on the other hand means the policyholder is covered until they die. It’s also known as ‘whole of life’ cover. With life assurance, a payment is typically made when the policyholder dies.

HSBC Life (UK) Limited use the term ‘life insurance’ to apply to both term and whole of life cover.

Protect your loved ones today, so you don't have to worry about tomorrow

What you'll get

Fixed premiums

Reliable pay outs

Single or joint cover

Why get cover with us

Your options

Level or decreasing cover?

Joint or single cover?

Want to add Critical Illness Cover?

What's not covered

Get a quote

Who can apply?

HSBC Life Cover eligibility:

Critical Illness Cover eligibility:

Things to know

Important documents

Information on trusts

Get a quote in minutes

Complete a quote

Other ways to apply

Apply in the mobile app

Get personalised advice

Frequently asked questions

Which life insurance policy is right for me?

Can I have more than one life insurance policy?

Can I cancel my life cover?

What's the difference between life insurance and life assurance?

Explore more

Already have life insurance with us?

How much life insurance do you need?

What is critical illness insurance - do I need it?

Customer support