HSBC Life unveils retirement-focused income insurance plan

The product also provides health protection benefits.

HSBC Life has launched the HSBC Bright Income Insurance Plan in Hong Kong, targeting clients preparing for retirement and wealth transfer. 

The plan offers a non-guaranteed monthly dividend payout of 4.6% per annum of the policy amount from the fourth policy year until age 99, with a minimum premium of $25,000 over three years.

The product also provides health protection benefits, including an additional monthly payout if the insured is diagnosed with certain critical conditions such as severe dementia, stroke, kidney failure, or Parkinson’s disease. 

It further offers a premium refund with no waiting period in the event of cancer, stroke, or heart attack.

The launch comes as HSBC’s Quality of Life Report 2025 found that 47% of affluent investors in Hong Kong plan to take “mini retirements” before fully retiring. 

Amongst them, most expect to take two to three breaks, with the first at age 49, lasting six to 12 months and costing under $101,005 (HK$785,000). Mainland China, Japan, and Taiwan are the most preferred destinations.