HSBC Life UK continues to grow with increased adviser support
HSBC Life (UK) Limited (“HSBC Life (UK)”) is continuing to expand in the protection market by recruiting more Business Development Managers (BDMs) and through the launch of a new Protection Adviser Support team. These latest initiatives underline its commitment to continual service development and growth by ensuring it is easy to do business with for advisers and customers.
HSBC Life (UK) has appointed three new members to its BDM team to enhance its national reach and build on its extensive adviser distribution network. The BDM team expansion is being complemented with the launch of a new Protection Adviser Support team. Advisers will be able to receive faster replies via phone or email from the specialist team on a range of topics including applications in progress, underwriting, commission, policy updates and system support. Typical questions to the helpline include queries around registering to use online portal HSBC Access, the status of applications, which medical conditions are covered, whether specific occupations are included and details on medical screening appointments.
HSBC Life (UK)’s commitment to customers is demonstrated by 2024 paid rates of 97.53% for life insurance claims and 94.44% on critical illness as well as times to settle claims being better than industry averages.1 The average time to settle life claims last year was 19 days (however, this has reduced to 13 days in Q1 2025 thanks to the introduction of a digital medical report provider) with 67% of claimants receiving a decision on day one. For critical illness claims the turnaround time was 41 days* (improving to 32 days in Q1 2025).
Richard Waters, Head of Protection Distribution at HSBC Life (UK) Ltd, said: “HSBC Life (UK) is achieving strong growth in the protection market and understands that working to deliver an even better service is essential in achieving both our goals and those of our partners and their customers. We are a fast-growing business and want to reinforce this expansion with an increased BDM team and through the launch of our Protection Adviser Support Team, which aims to ensure that advisers can access efficient and expert support quickly when they need it.”
Advisers can call on 0345 587 3877 or email protectionteam@hsbc.com
Notes to Editors: References
1. From 1st January to December 31st, 2024, HSBC Life paid out claims, accumulated across all its Life and Critical Illness products and distribution channels.
Media enquiries to:
HSBC Life (UK) Limited
Ellis Ford ellis.ford@hsbc.com
Citigate Dewe Rogerson
Seb Zickus +44 (0)20 7025 6494 seb.zickus@citigatedewerogerson.com
About HSBC Life (UK) Limited
HSBC Life (UK) Limited is part of the HSBC Group, one of the world’s largest banking and financial services organisations. HSBC Group serve more than 40 million customers worldwide through a network that covers 64 countries and territories in its geographical regions: Europe, Asia, North America, Latin America, and Middle East and North Africa. We aim to be present where the growth is, enabling businesses to thrive and economies to prosper, and, ultimately, helping people to fulfil their hopes and realise their ambitions. HSBC Life (UK) Limited was founded in the UK in 1988 and offers insurance services to meet protection and investment management needs. Our services and solutions are available through HSBC banking channels and selected third parties, including financial advisers and aggregators. For more information on HSBC Life (UK) Limited range of services go to https://www.life.hsbc.co.uk/ and for more information on HSBC please go to https://www.hsbc.com
About HSBC Life
HSBC Life is the insurance business of the HSBC Group. We manufacture life and health insurance products in Hong Kong, mainland China, Singapore, India*, France, UK, Malta, Mexico, and Argentina. HSBC Life offers a range of insurance products to meet the protection, education, retirement, wealth growth and legacy planning needs of our customers. Our services and products are available through HSBC banking channels, selected third parties, including financial advisers and aggregators. *Through our joint venture, Canara HSBC OBC Life Insurance.
HSBC Holdings plc
HSBC Holdings plc, the parent company of HSBC, is headquartered in London. HSBC serves customers worldwide from offices in 58 countries and territories. With assets of US$3,054bn at 31 March 2025, HSBC is one of the world’s largest banking and financial services organisations.