HSBC Life Insurance

HSBC Life Insurance. Fact! If you don't compare them against the market now it could cost you £1000's. Compare the whole life insurance market.

HSBC Life Insurance

HSBC stands for the Hong Kong and Shanghai Banking Corporation ltd company and due to their advertising campaigns are also known as the world’s local bank. They are famous for their all-encompassing brand that combines retail banking, commercial banking with investment banking. In all areas of their business they are renowned for focusing on providing excellent customer service and innovative products. This is one of the reasons they have seen phenomenal growth for the last 20 years and managed to successfully avoid most of the fall-out of the recent financial meltdown.

Their huge size has meant some financial commentators have said they have no rivals in the market except themselves. They are giving multi services to their clients including the banking, insurance and private banking services.

History

The bright history of HSBC shows that the bank was founded in 1865 by the late founder named Sir Thomas Sutherland. The bank had a remarkable growth in the financial services sector and the insurance sector as well. The company has its headquarters in the Docklands at Canary Wharf in London. It has been estimated that there are more than 68,700 employees currently working in the bank. The bank has made its name in the business development products both in the commercial and the private banking sector. The branches are scattered all across the globe covering Europe as well as the Asia pacific region that highlights the success and growth rate of the bank all over the world. Just like the history the future of the bank is also bright as they have a very stable balance sheet and exposure to the emerging markets which most commentators expect to provide most growth for the next 30 years.

Types of life cover

There are 4 types of protection products offered. These are life cover, sickness cover, serious illness cover and unemployment cover.

life cover is sold as the most common protection to help your family after your unexpected death. This policy would help your family members who would receive a lump sum cash payment after your death for their needs. If you are the breadwinner of the family then this will help provide financial security to your loved ones if the unthinkable did happen.

Unemployment cover and sickness cover as protection that would give you a cash payment totalling about 50 percent of your taxable gross monthly salary. If you are the breadwinner for your family and have financial dependents, you will still be able to provide if you are suddenly unable to work.

Serious Illness Cover in case of any serious illness like the Cancer, Heart attack, multiple sclerosis or like the coronary artery bypass graft. This is similar to critical illness cover offered by a range of life insurance companies. We always recommend you read the small print when buying critical illness cover as policies can be quite different, especially around different types of cancers that are not covered that you might expect to be.

Review

They are a forward thinking bank that is positioning itself in most of the emerging markets in the world, and has a growing customer base by each week. The products and services offered are some of the most attractive in the market place. Their life cover policies are highly regarded and trusted by thousands of customers. You can see the reviews on review centre and you can also post your experience there to help prospective life assurance buyers.