Take care of your loved ones
What is life insurance? A life insurance policy offers financial support to your loved ones if anything were to happen to you.
It pays out a cash lump sum if you die or are diagnosed with a terminal illness. This can pay off any mortgage debt or be used towards living costs.
HSBC Life Cover is provided by HSBC Life (UK) Limited. Terms, conditions, limitations and exclusions apply.
Get a quote in minutes – or use the cover calculator to work out how much cover you may need before you apply.
Already have a life policy through one of our insurance providers? Find out how you can manage your policy or make a claim.
Get up to £150 gift card with HSBC Life Cover
Take out a new Life Cover policy by 31 January 2025 and get an Amazon.co.uk Gift Card* or M&S Gift Card.
Monthly premiums of £5-£24.99 get a £50 gift card. Premiums of £25-£49.99 get a £100 gift card. Premiums of £50+ get a £150 gift card. Premier customers will receive a £150 gift card for premiums over £5.
*Restrictions apply, see www.amazon.co.uk/gc-legal (this link opens in a new window). Eligibility and T&Cs apply. You'll receive your gift card within 30 days of making your 6th monthly payment.
What you'll get with an HSBC Life Cover policy
Fixed premiums
Your premiums will never go up – and the younger you are when you take out your policy, the lower your monthly payments will be.
Lump sum payout
You or your family will get a lump sum if you die or are diagnosed with a terminal illness.
Reliable cover
HSBC Life paid over 97% of claims in 2023.
Why choose HSBC Life Cover?
- Quick quoteGet an online quote to cover just you, or you and someone else.
- Cover calculatorWork out how much cover you may need just for you.
- Choice of coverChoose from level or decreasing cover, and a single or a joint policy.
- Critical illness add-onOption to add extra cover for 35 conditions (level cover only, decreasing cover is available through our advisers).
Do you need level or decreasing life insurance?
Level cover
This pays a cash lump sum that could be used to help to cover your family's living costs and/or any fixed debt like an interest-only mortgage.
The amount of cover stays the same throughout the policy
Decreasing cover
Usually a little cheaper than level cover, this type of policy is designed to cover decreasing debts, such as a capital repayment mortgage.
The amount of cover reduces over time
Other options for your HSBC Life Cover
Single or joint policy
Single life policies provide cover for one person. It's tailored to the insured person's needs and pays out once when they die.
Joint life policies provide cover for 2 people. The same cover amount applies to both insured people. It pays out once when either person dies, at which point the policy ends.
Quotes are provided online for both single and joint policies.
Add critical illness cover
With this add-on, you'd receive a lump sum on diagnosis of one of 35 illnesses and surgical procedures including, cancer (excludes less advanced cases), heart attack, stroke and dementia.
A critical illness policy payout can be used to cover bills and living costs time when you need time off work for treatment. It could also help get treated quicker through private medical care.
Keep in mind, this add-on is only available as level cover. If you need critical illness cover that reduces over time (known as decreasing cover), or a standalone policy without life cover, speak to one of our protection advisers.
What's not covered?
HSBC Life Cover
This doesn't provide cover:
- if there are changes to your health, lifestyle or occupation – and you don't tell us about them before the policy starts
- if you were to take your own life within the first 12 months of the policy
- for death outside the policy term
HSBC Critical Illness Cover
This doesn't provide cover:
- for claims for within the first 90 days of the policy start date
- if you don’t survive for a period of 10 days from the date of diagnosis
- For full details of cover for both policies, view the policy documents.
Who can apply?
You can apply for HSBC Life Cover if:
- you're a UK resident (not including the Channel Islands or the Isle of Man)
- you're over 17 and under 70 years of age (cover must end before your 80th birthday)
- you're registered for online or mobile banking (for joint cover, only one person needs to be registered)
Not yet registered for online banking? Register now
You can add on critical illness cover if:
- you're aged between 17 and 69 when the policy starts (cover must end before your 75th birthday)
Need cover after your 75th birthday? Speak to one of our protection adviser.
Things to know
Get an HSBC Life Cover quote today
Get a quote in minutes – or use the cover calculator to work out how much cover you may need before you apply.
Already started an application?
Continue an application you've already started via your online banking.
Other ways to apply
Other support for your banking
To make an adjustment to any of your banking with us, tell us what support you need and we can make your banking work best for you.
This could be support for:
- How we communicate with you
- Taking control of your finances
- Third party support
- A change to your personal circumstances
Frequently asked questions
You might also be interested in
Manage your policy or make a claim
Find out how to manage your life insurance policy and how to make a claim.
How much life insurance do you need?
Learn about the different types of life insurance and work out how much you might need.
What is critical illness insurance?
Find out how critical illness insurance means you know you'll be covered in the event of a diagnosis.
Should you get single or joint life insurance?
Read our simple guide to help you decide whether single or joint life insurance would be better for you.