HSBC Life launches Waiver of Premium
HSBC Life launches Waiver of Premium
Designing our products to meet customers’ needs is at the heart of everything we do
Over 80% of those respondents recognised the value of Waiver of Premium and said they would be prepared to pay a small percentage to include this benefit in their policy. *
We have also listened to adviser feedback and as a result we are pleased to share that HSBC Life’s protection proposition is now able to include Waiver of Premium benefit as part of your protection quotes.
Waiver of Premium specification
Our high-level Waiver of Premium specification is as follows:
- Optional benefit selected at point of sale
- Age at entry: 17 – 69 (consistent with core product criteria)
- Deferred Period: 26 weeks
- Maximum claim expiry age: valid claims can continue until the end of the policy term or aged 71 if earlier
- Qualifying/Assessment Criteria: Assessed at point and throughout the claim against the ability to undertake Own Occupation if employed, or if not, Activities of Daily Living criteria
How to apply?
Pressing the “Apply” button on your sourcing platform will send your quote to the adviser portal. Once logged in, you can complete the rest of the application for an instant decision.
How can I find out more?
Full information about our Waiver of Premium benefit can be found by clicking here.
If you have any questions, please get in touch with our BDM team.
*Research commissioned in 1Q2021 and March 2023.