Savings Plans from HSBC Insurance

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1 Savings Plans from HSBC Insurance Together we thrive

2 Page 2 Some commitments you can t just shake on. Even as modern life evolves in unexpected ways, our loved ones should always be able to count on the commitments we make to them. Seal your commitments with our Savings Plans - Savings Protector or Savings Accumulator Plus, which will help you accumulate your savings with capital guarantee at the maturity of the policy. They also provide protection options that can give you the assurance that the goal you work so hard to fulfil is protected no matter what may happen.

3 Page 3 Commitments shouldn t depend on market conditions. Protecting your commitments Whether it s giving your child the education they want, or ensuring a comfortable retirement for yourself, our Savings Plans can help you seal your commitments, especially with the varied protection cover the plans offer. Savings Protector is suitable for you if you wish to have higher protection cover to protect your financial goals. Alternatively, you could consider Savings Accumulator Plus if you prefer minimal protection to increase your potential returns at maturity. Guarantee through thick and thin Our Savings Plans guarantee your capital1 at the end of the policy term, so you can be assured that your goal isn t disrupted even during a market downturn. You can also potentially enjoy a higher payout through non-guaranteed reversionary 2 and terminal bonuses 3 on maturity. Flexibility to meet your goals Our Savings Plans provide flexibility to tailor to your needs. These plans give you the flexibility to choose your premium payment term (ranging from 1 to 5 years) to suit your financial situation. To enjoy a steady flow of income every six months from the end of the third policy year, you can decide to draw out coupons at 2.5% of the sum insured or you can reinvest these coupons 4 to enjoy higher return and yield at maturity. 1 Capital is protected at maturity through the guaranteed maturity benefit (inclusive of total guaranteed coupons) upon policy expiry without any claims. The guaranteed maturity benefit excludes any additional premiums paid for optional supplementary benefits. 2 Reversionary bonuses are not guaranteed but once declared, it forms part of the guaranteed benefits of your policy. 3 Terminal bonuses are not guaranteed and may be payable from the end of policy year 8. 4 Coupons deposited will accumulate at the prevailing interest rate and is subject to change from time to time.

4 Page 4 How do these plans work? For illustration purposes, let s consider the following scenario. Mr Tan (age 45 next birthday, male, non-smoker) is planning to retire in 10 years time with a retirement nest egg worth minimum S$1,000,000. To help you understand the key difference between our Savings Plans, the table below illustrates the guaranteed values you will receive upon maturity and the minimum payout in the event of death in Year 1. Total FlexiPay premiums paid over 5 years Guaranteed payout on Maturity Savings Protector S$838,836 S$839,090 Savings Accumulator Plus S$836,756 Products 5 Illustrated Total Returns5 on Maturity Yield Illustrated at 4.75% p.a. S$1,000, % Illustrated Total Returns on Maturity Yield Illustrated at 3.25% p.a. S$907, % Guaranteed Death Benefit in Year 1 S$1,048,862 Minimum 125% of the guaranteed maturity benefit, right from the beginning of the policy S$839,090 S$1,000,000 Total Returns, includes both guaranteed and non-guaranteed values. 2.25% S$907, % S$177,531 Minimum 110% of the total basic premiums paid

5 Page 5 Feature comparison of both plans Product Feature Savings Protector Savings Accumulator Plus Goal Protection Education Retirement Education Retirement Managing your Wealth Product Suitability Higher protection cover to avoid any disruption in achieving the goal. Minimal protection cover thereby potentially earning higher returns. Entry Age Age Next Birthday 1 65 Flexible premium paying terms Minimum : 3 years Flexibility to earn a stream of Income Insurance Coverage In the event of Death or Terminal Illness 6 Juvenile : 1 to 16 with an adult as policy owner Minimum : 1 year Maximum : 5 years Starting from the end of the third policy year you will be able to draw out coupons, i.e. 2.5% of the Sum Insured, every six months. Alternatively, you can reinvest the coupons to potentially earn higher returns at a non-guaranteed interest rate. The sum of The sum of a. The higher of: a. 110% of the total basic premiums paid; i. Minimum Protection Cover (125% of the guaranteed maturity benefit); and b. Accumulated Guaranteed Coupons (if any); ii. the sum of: 110% of the total basic premiums paid; Accumulated Guaranteed Coupons (if any); and FlexiPay Premium Reserves (if any); c. FlexiPay Premium Reserves (if any); b. Non-Guaranteed accumulated interest on Coupons (if any); and d. Non-Guaranteed accumulated interest on Coupons (if any); and e. Non-Guaranteed bonuses (if any), less any amounts owing to the Company. c. Non-Guaranteed bonuses (if any), less any amounts owing to the Company. Policy Exclusions Premiums will be refunded in year 1 in the event of : Premiums will be refunded in year 1 in the event of : Death due to suicide Death or Terminal Illness caused except for Accidental death Death due to suicide Minimum Protection Cover is not payable if Death or Terminal Illness is due to Pre-existing Conditions, or congenital or inherited disorder that manifested before age six (6) years. 6 Terminal Illness refers to a conclusive diagnosis of an illness that is expected to result in the death of the Life Insured within 12 months. This diagnosis must be supported by a specialist and confirmed by the Company s appointed doctor. Terminal Illness in the presence of HIV infection is excluded.

6 Page 6 Commit to your loved ones. And seal it for life. Speak to our authorised distributor, HSBC, today to address your insurance needs. Call Visit any HSBC Branch For all policy servicing related enquiries please call (65)

7 Page 7 Important notes Savings Plans (Savings Protector and Savings Accumulator Plus) are underwritten by HSBC Insurance (Singapore) Pte. Limited (Reg. No N), 21 Collyer Quay #02-01 Singapore and distributed by HSBC Bank (Singapore) Limited ( HSBC ). It is not an obligation of, a deposit in, or guaranteed by HSBC. This brochure contains only general information and does not have regard to the specific investment objectives, financial situation and particular needs of any specific person. It does not constitute an offer to buy or sell an insurance product or service. A copy of the Product Summary in relation to these Savings Plans is available and can be obtained from our authorized product distributor. A person who is interested in these products should read the relevant product summaries for details before deciding whether to buy these products. As buying a life insurance policy is a long-term commitment, an early termination of the policy usually involves high costs and the surrender value, if any, that is payable to you may be zero or less than the total premiums paid. This policy is protected under the Policy Owners Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact us or visit the LIA or SDIC web-sites ( or Information is correct as at 30 July This material is issued by HSBC Insurance (Singapore) Pte. Limited.