HSBC Insurance rolls out digital insurance platform

It currently offers two life insurance solutions.

HSBC Insurance unveiled a digital platform called HSBC Insurance Online which offers term-based life insurance products. Customers can complete the onboarding process within minutes by answering three simplified underwriting questions.

The platform currently has two term life insurance solutions. HSBC Insurance Online Protector provides coverage of up to $1m and $560,000 critical illness (CI) coverage. It also offers an unemployment benefit which gives the insured the option to defer premium payment without interest for a maximum of one year. It also features guaranteed policy renewability every ten years.

DIRECT-Value Term, on the other hand, provides protection cover of up to $400,000 as well as the flexibility to choose the policy term from five years, 20 years or up to age 65.

“HSBC Insurance Online will appeal to time-sensitive, digital-savvy customers who are receptive to investing or buying insurance products online,” said Carlos Vazquez, CEO of HSBC Insurance (Singapore).

The platform also offers certain premium discounts to customers who answer four additional lifestyle questions to incentivise healthy living amongst its users. HSBC Insurance Online is also equipped with LiveChat capability that can lend support to customers throughout the sale or claims journey.

Also Read

Fullerton Fund Mgmt, UNDP working on sustainable management framework

DBS, OCBC to see net profits dip, loan growth soften in Q1

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit