Life insurance

HSBC Life Cover

At HSBC, we're here to give your loved ones the financial support they may need if the unexpected happens.

  • Single or Joint Life Cover available
  • Level Term or Decreasing Term Cover
  • Lump sum payable on death or diagnosis of a terminal illness up to £2,000,000
  • Accidental death benefit, free cover up to a maximum of £250,000
  • Interim Life Cover. Free cover between exchange and completion when linked to a HSBC residential Mortgage
  • We will also ensure the lump sum paid out will be at least equal to your outstanding HSBC residential mortgage or loan (conditions apply see policy documents for details)


Are you a Premier customer?    

Our dedicated Premier Managers can also discuss your protection only needs with you.


What is life cover?

We're here to give your loved ones the financial support they may need if the unexpected happens. The death of a partner or parent inevitably has an emotional impact, but it can also lead to financial hardship, particularly where the main breadwinner is no longer around to support the family.

HSBC Life Cover offers financial peace of mind with a tax-free lump sum payable on death, or diagnosis of a terminal illness. Accidental death benefit is also included.

Our Life Cover can help to provide financial security. A lump sum could help to pay off your mortgage or other borrowing, pay for further education or simply provide an income for your family to help with day-to-day living.

Joint Life Cover is also available and is paid if one of the policyholders dies during the length of the policy, after which the policy ends.

If you're not sure which products are right for you, you can use our financial planning tools to help you decide. Alternatively you can contact your local branch and a member of our team will be happy to discuss the options available with you.   


The benefits of putting your life policy into trust

With a trust in place, the proceeds from your life policy will not be subject to Inheritance Tax - currently 40% of any part of your estate over an amount of £325,000.

Trusts put you in control and allow for a quicker payment to those you care about. With a trust in place, the money will be passed directly to the beneficiaries by the trustees of the trust without the need to wait for probate (which can take many months).

If you are not married, or in a registered civil partnership, a trust will prevent proceeds forming part of your estate. If you have not used a trust, or drawn up a Will, money from your policy may not automatically be paid to those you want to benefit.

With a trust you can specify who you would like the proceeds of your life policy to be paid to and can provide the comfort that your beneficiaries will receive the proceeds much more quickly and have important financial support at a time when they need it.

We have information you can download that will explain more about the benefits of writing the policy in trust. If you are in any doubt about if a trust is suitable for you, you should seek your own financial advice. If you are in any doubt on this point you should seek your own independent financial advice.

What's not covered

As with all insurance policies, Terms & Conditions, exclusions and limitations will apply.

For Life Cover we will not cover you for Suicide (within the first 12 months of the Policy) or if you die due to a pre-existing condition that you have not disclosed to us.

For full details on significant and unusual limitations and exclusions, please read the Life Cover policy document and summary of cover (PDF).


Existing policyholder?

If you have a question about a HSBC Life policy, you can view our support pages or you can call us on 0345 745 6125.**


**Lines are open 8am to 6pm, Monday to Friday (excluding bank holidays). Calls may be monitored and/or recorded.


How to apply


Our online quote service is temporarily unavailable, so please come see us in branch if you’d like to start a new application to protect your mortgage. 

If you’ve already started an application, you can pick up where you left off.

Over the phone

You can get personalised protection advice from a range of carefully selected providers by calling our Telephone Protection Advice service. To arrange your phone meeting please call:

0345 266 1350

We’re here Monday to Friday 9am to 6pm, apart from public holidays. Fees or charges may apply.

In branch

If you’re looking to protect a mortgage and would like to come in and see us in branch, please book an appointment by calling us on:

0800 032 4710

We’re here 9am to 6pm Monday to Friday, 9:30am to 7pm on Saturdays, apart from public holidays.

Received an application ID number?

If you have been invited to apply for a Joint Life Cover policy and have the application ID number that we emailed you, please log on to enter the application ID number.

New to HSBC?

To join us, you’ll need to open a bank account with us first. You can apply online now in minutes.

Things you should know

  • Policy benefits are currently paid tax-free, but may give rise to an inheritance tax liability
  • Life Insurance policies have no cash-in value


Before applying, please take the time to read the following. You may also want to save some of these documents for future reference.

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