HSBC The Good Life insurance

  • Comprehensive lifetime cover with savings element
  • Flexibility to increase protection for key life events

Benefits

Riders

Eligibility

  • Issue age: 30 days to 65 years old  
  • Expiry age: 100 years old  
  • Policy term: Whole life (until expiry age)  
  • Premium Payment Frequency: Annual, Half Yearly, Quarterly, Monthly

How to apply

Call us

(84 28) 37 247 247 (the South)

(84 24) 62 707 707 (the North)

Operating hours: from 8am to 10pm daily

Fees and charges

  • Protection Premium: Protection Premium: means the amount which the customer determines according to his/her needs and shall be paid according to the payment frequency chosen.
  • Saving Premium: means the amount remaining after the annualized Protection Premium and all rider premiums due (if any) are fully paid.
  • Allocation Charge: means the expense amount that the Company shall deduct from each Protection Premium payment, before the money is allocated to the Universal Life Fund.  
This is a percentage of Protection Premium and Saving Premium as follows:
Policy
1 policy year
2 policy years
3 policy years
4 policy years
5+ policy years
Protection Premium 90% 80% 30% 20% 1.5%
Saving Premium
0% 0% 0% 0% 0%
This is a percentage of Protection Premium and Saving Premium as follows:
Policy
Protection Premium
1 policy year
90%
2 policy years
80%
3 policy years
30%
4 policy years
20%
5+ policy years
1.5%
Policy
Saving Premium
1 policy year
0%
2 policy years
0%
3 policy years
0%
4 policy years
0%
5+ policy years
0%
  • Cost of Insurance: means the cost that the Company uses to pay insurance benefits under these Policy Terms and Conditions.
  • Policy Administrative Fee: means the fee that the Company uses for Policy maintenance and providing information related to this Policy, currently VND 25,000 per month, maximum VND 60,000 per month
  • Fund Management Fee: maximum is 2% of total asset value of universal life fund. The fund management fee will be deducted from the interest earned, before the interest rate is declared to customers.
  • Partial Withdrawal Charge: None
  • Surrender Charge: None

Premium period and Premium holiday

With a flexible development, The Good Life helps customers ensure their protection and saving plan through flexible premium allocation mechanism but requires a period of premium time as follows:

Free look period

Customers have the right to cancel the policy within 21 days from the date they receive the policy. The company will reimburse any premiums the Policyholder has paid, without interest, after deducting the costs of the health check (if any).

Important Information

The Good Life is underwritten by AIA (Vietnam) Life Insurance Company Limited, 15 Floor, Saigon Centre Tower 2 Building, 67 Le Loi St, Ho Chi Minh City, Vietnam. It is not an obligation of or guaranteed by HSBC Bank (Vietnam) Ltd. The information of this product may be amended by AIA (Vietnam) Life Insurance Company Limited from time to time and HSBC Bank (Vietnam) Ltd. shall not be responsible for such amendments.

This webpage contains only general information and a basic summary of the product. All terms, conditions and benefits of the product will be governed by the Terms and Conditions of the policy. The Policy will only be issued upon acceptance of the Application Form. Any persons interested in this product should consider whether the product is suitable before making a commitment to purchase the policy. Please contact us for further advice.