HSBC upgrades three products for HNW clients

The company said the updated offerings are designed to support long-term financial protection, amongst others.

HSBC Life Singapore has launched enhanced versions of three life insurance products — HSBC Life Diamond Prestige IUL II, HSBC Life Emerald Legacy Life III, and HSBC Life Goal Builder II — aimed at meeting the wealth planning needs of the high-net-worth (HNW) population.

The company said the updated offerings are designed to support long-term financial protection, intergenerational wealth transfer, and capital preservation.

The HSBC Life Diamond Prestige IUL II, an indexed universal life plan, now offers four index options — S&P 500, Nasdaq-100, S&P US Tactical Multi-Asset Index, and S&P Global Diversified Index — with interest multipliers and a floor rate on some indices.

The plan also includes lifestyle benefits, loyalty bonuses, guaranteed minimum surrender values, and flexible death benefit payout options.

HSBC Life Emerald Legacy Life III, a whole life policy, offers coverage up to age 120 with flexible premium payment terms and a guaranteed cash value of up to 100 percent of premiums paid after year 40.

Clients can choose between lump-sum or staggered death benefit payouts to facilitate estate planning.

HSBC Life Goal Builder II, available exclusively through HSBC’s Wealth and Personal Banking channel, is an investment-linked plan targeting medium- to long-term goals such as wealth accumulation, retirement, and education.

The product now offers a welcome bonus of up to 55% to boost initial account value.