HSBC Life Retirement Income II
HSBC LifeRetirement Income IIThe future has never looked more promising.
Plan for the retirement youpromised yourself and yourloved ones.It's a lot easier to dream about your ideal retirement than to prepare for it. Why stop here?Life as a retiree can be every bit as fulfilling as you imagine it to be – if you start planning early.So, whether it’s spending quality time with family, seeing the world, or perfecting your golfswing, having a regular income leaves you less worries in funding your retirement.HSBC Life Retirement Income II gives you monthly financial support so you can keep thepromises you’re most looking forward to.
HSBC Life Retirement Income IIA retirement plan that allows you to enjoy guaranteed monthly payouts with potential monthly cashbonuses for your life post-retirement.Key BenefitsRetire on your own terms. Tailor your policy so you can get closer to fulfilling your retirement aspirations.Retirement Age: 55, 60, 65, 70Desired Guaranteed Monthly Payout:From S 300Income Payout Period: 10, 15, 20years or to age 99Premium Term: Single, 5 or 10 yearsTerms of Payment: Cash or moniesfrom Supplementary RetirementScheme account11This is only applicable to Policies where the Premium is paid in one lump sum (Single Premium payment term).
Secure Retirement Plan2Life can be unpredictable. Complementing your existing government and private retirement plan(if any) with a retirement plan that offers greater security.Unemployment Support BenefitIn case of Unemployment 3, you have the option to defer premium payments for up to 365 days.Waiver of Premium BenefitAll future premiums will be waived if you or your spouse is diagnosed with Total and PermanentDisability, or in the event of your spouse’s death.Additional IncomeKeep your quality of life high. Receive additional guaranteed payouts should you suffer fromunexpected illnesses.Chronic Illness Care Benefit4Receive additional 100% of the Guaranteed Monthly Payout if diagnosed with Loss of Independence,Idiopathic Parkinson’s Disease, Alzheimer’s Disease/Severe Dementia or Major Head Trauma.Mobility Care BenefitReceive a single lump sum payout worth 20 times the Guaranteed Monthly Payout (up to S 25,000)if diagnosed with Osteoporosis with Fractures or Severe Rheumatoid Arthritis.2The benefits mentioned in this section are not available to Single premium payment term.3This is where you are unemployed by reason of your employment contract being terminated by your Employer on theground of redundancy or by reason of any reorganisation of your Employer or your Employer’s business.4The maximum payable for a claim under this benefit is capped at S 6,000 per month, per life and for “Loss ofIndependence” definition, benefit payable is capped at S 3,000 per month, per life.
How the plan works5Scenario 1Scenario 2Mr Chan (age 40, non-smoker) has big retirement plans for when he turns 60. Thanks to HSBC LifeRetirement Income II, he can rely on monthly payouts to help him achieve his promised goals.Mr Lee (age 40, non-smoker) wants to ensure his retirement income is sustainable and well protectedagainst unforeseen circumstances. HSBC Life Retirement Income II will help him keep the promisesthat matter most.Guaranteed MonthlyPayout: S 1,500Income PayoutPeriod: 15 yearsPremium Term10 yearsAnnual PremiumS 23,395.50aFull FlexibilityWhen Mr Chan purchases his policy, he has the flexibility to choose his GuaranteedMonthly Payout, Premium Term and Income Payout Period.bMonthly IncomeAfter retiring, Mr Chan receives a Monthly Income of S 2,571, comprising a GuaranteedMonthly Payout (S 1,500) and a Non-Guaranteed Monthly Cash Bonus (S 1,071).bGuaranteed MonthlyPayout: S 1,500Premium Term10 yearsIncome PayoutPeriod: 15 yearsAnnual PremiumS 23,395.50aChronic Illness Care BenefitSince turning 60, Mr Lee has been receiving the same Guaranteed Monthly Payouts andNon-Guaranteed Monthly Cash Bonuses as Mr Chan. But at 65, Mr Lee is diagnosed with SevereDementia. He receives an additional S 1,500 per month for the rest of his Income Payout Period,bringing his total Monthly Income to S 4,071.bMobility Care BenefitAt 71, Mr Lee is diagnosed with Osteoporosis with Fractures. He receives a lump sum payout ofS 25,000 (equivalent to 20 times the Guaranteed Monthly Payout, capped at S 25,000 per life).Mr Chan will receive a total payout of S 462,780from HSBC Life Retirement Income IIMr Lee will receive a total payout of S 667,780from HSBC Life Retirement Income IIAccumulation PeriodaNon-Guaranteed MonthlyCash Bonus S 1,071Additional 100% GuaranteedMonthly Payout of S 1,500 upondiagnosis of Severe DementiaGuaranteed MonthlyPayout S 1,500a40424446485060RetirementAge10 year Premium TermTotal Premium commitment:S 233,95561626364656667686970717273Accumulation PeriodNon-Guaranteed MonthlyCash Bonus S 1,07174Guaranteed MonthlyPayout S 1,50060De-cumulation Period (15 years Income Payout Period)404244464850RetirementAge10 year Premium TermTotal Premium commitment:S 233,955616263646566Diagnosedwith SevereDementia676869b707172Diagnosedwith Osteoporosiswith Fractures7374Lump sum payout(S 25,000)De-cumulation Period (15 years Income Payout Period)The breakdown of the total payout that Mr Chan will receive will be as follows:The breakdown of the total payout that Mr Lee will receive will be as follows:Illustrated Investment Rate of Return (S )Illustrated Investment Rate of Return (S )3.00% p.a.4.25% p.a.Guaranteed Monthly PayoutNon-Guaranteed Monthly Bonus1,5004291,5001,071Monthly Income1,9292,571347,220462,780Total Payout5The scenarios and charts are for illustrations purposes only.3.00% p.a.4.25% 7125,00025,000552,220667,780Age 60 to 64Guaranteed Monthly PayoutNon-Guaranteed Monthly BonusMonthly IncomeAge 65 to 74Additional Monthly Payout from Chronic Illness Care BenefitMonthly Income (After being diagnosed with Severe Dementia)Lump sum payout from Mobility Care Benefit (Age 71)Total Payout
We are HSBC Life.We don’t just underwrite policies,we support the promises youmake to your loved ones.Who are we?We are backed by, and part of, the HSBC Group. This means that our commitment to you is securedby the Group’s formidable financial resources and infrastructure, built on a foundation of over 150years of experience in finance, international services and in building trusted, lasting relationships.What do we stand for?Our purpose is to help you keep the promises you make to yourself, to the people you love and tothose who depend upon you. We do this through well thought-out insurance solutions. So whetherthese promises are to protect the things you already have, to invest in the life you want or to lookafter your loved ones, they are the kinds of promises that matter – the kinds you want to keep,come what may.Our Financial StrengthWe are now a Tier-1 insurer with closeto S 10 billion in financial assets as at31 December 2020.Awarded the Gold & Star ExcellentService Award by EXSA from2017 to 2020.A rating by Standard & Poor’sas at 14 January 2021.176% Capital Adequacy Ratio (CAR)as at 31 December 2020.Promise yourself a life of fulfilment with HSBC Life.Speak to our authorised distributors or visitwww.insurance.hsbc.com.sgto find out more.For enquiries, please call (65) 6225 6111.
Important notesHSBC Life Retirement Income II is underwritten by HSBC Insurance (Singapore) Pte. Limited(Reg. No. 195400150N).This brochure contains only general information and does not have regard to the specific investmentobjectives, financial situation and the particular needs of any specific person. This is not a contract ofinsurance and is not intended as an offer or recommendation to buy the product. A copy of the productsummary may be obtained from our authorised product distributors. You should read the product summarybefore deciding whether to purchase the product. You may wish to seek advice from a financial adviserbefore making a commitment to purchase the product. In the event that you choose not to seek advicefrom a financial adviser, you should consider whether the product in question is suitable for you. Pleaserefer to the policy contract for the exact terms and conditions, specific details and exclusion of this product.As buying a life insurance policy is a long-term commitment, an early termination of the policy usuallyincurs high cost and the surrender value, if any, that is payable to you may be zero or less than the totalpremiums paid. Buying health insurance products that are not suitable for you may impact your ability tofinance your future healthcare needs. It is also detrimental to replace an existing life insurance policy witha new one as the new policy may cost more or have fewer benefits at the same cost.This policy is protected under the Policy Owners Protection Scheme which is administered by theSingapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no furtheraction is required from you. For more information on the types of benefits that are covered under thescheme as well as the limits of coverage, where applicable, please contact us or visit the LIA or SDICwebsites (www.lia.org.sg or www.sdic.org.sg).Information is correct as at 28 June 2021. This advertisement has not been reviewed by the MonetaryAuthority of Singapore.
HSBC Life Retirement Income II gives you monthly financial support so you can keep the promises you're most looking forward to. . has big retirement plans for when he turns 60. Thanks to HSBC Life Retirement Income II, he can rely on monthly payouts to help him achieve his promised goals. Premium Term 10 years Income Payout Period: 15 years
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