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Life Cover

Think of it as love insurance...

Want to get a quote or continue your application?

If you’re struggling to pay your Life Cover, Critical Illness Cover or Income Cover monthly premiums because of coronavirus, help is available. Please visit our support page to find out more.

A treat for you and your loved ones

Choose from a family adventure or a night away for 2; a £75 John Lewis e-gift card; or a £75 Argos eGift card when you buy HSBC Life Cover. Offer ends 14 December 2021.

To qualify for the offer, you must be 18 or older. Offer T&Cs apply. HSBC Life Cover is provided by HSBC Life (UK) Limited.

It's easy to put off getting life insurance. That's why we're here to help you protect your loved ones today, so you don't have to worry about tomorrow.

HSBC 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.

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

Find out more about your policy.

Key benefits

  • Affordable cover

    Get fixed premiums that never go up

  • Single or joint

    Choose the type of cover that's right for you

  • Handy calculator

    Work out how much individual cover you need

  • Reliable pay outs

    HSBC Life paid over 99% of claims in 2020

  • Quick application

    Get a quote in minutes

  • Instant protection

    You’re immediately covered by our free Accidental Death benefit

Understanding your options

Level or decreasing cover?

With level cover, the payout you receive stays the same throughout 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.

With decreasing cover, the insured sum decreases over the term of the policy. This 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.

Joint or single cover?

As the name suggests, single cover protects one person. It’s 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.

Applying for Life Cover is easy

You’re eligible for Life Cover if you’re:

  • an HSBC current account holder (for joint cover, only one person needs to have an HSBC bank account)
  • a UK resident (not including the Channel Islands or the Isle of Man)
  • over 17 and under 70 years of age


Please note, cover must cease before your 80th birthday

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.

Apply in the mobile app

If you're registered for mobile banking, you can get a quote and apply straight from the app.

Get personalised advice

Our protection advisers can help you decide what's the right cover by video call or  phone. Available to HSBC customers who are UK residents aged 18 and over. 

Frequently Asked Questions

You might also be interested in


Insurance can provide peace of mind. Find out what your options are.


Find out how much life cover you may need based on your circumstances. 


Discover the pros and cons of single versus joint life insurance to help you decide. 

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