HSBC Life Singapore has unveiled enhanced versions of three life insurance products—HSBC Life Diamond Prestige IUL II, HSBC Life Emerald Legacy Life III, and HSBC Life Goal Builder II—aimed at supporting the complex wealth planning needs of Singapore’s affluent and high-net-worth (HNW) individuals. These enhancements focus on long-term financial protection, intergenerational wealth transfer, and capital preservation.
The enhancements come as Singapore’s HNW population is projected to grow by over 15% between 2023 and 2028, according to Knight Frank’s 2024 Wealth Report. Ouling Lu, Chief Product Proposition Officer at HSBC Life Singapore, highlighted the importance of these solutions, stating, “Affluent and high-net-worth individuals and families often have cross-border assets and complex, multi-generational wealth needs.”
The HSBC Life Diamond Prestige IUL II now includes three new index options alongside the S&P 500, offering greater portfolio diversification. The HSBC Life Emerald Legacy Life III provides flexible payment terms and death benefit payout options, supporting estate planning. Meanwhile, the HSBC Life Goal Builder II, available exclusively through HSBC’s Wealth and Personal Banking channel, offers an increased welcome bonus of up to 55%, encouraging regular savings for goals like retirement and children’s education.
These product enhancements are part of HSBC Life’s broader integrated wealth and protection strategy, which also includes the recent launch of its first Health and Wellness Centre at The Star Vista. As Singapore’s affluent population continues to grow, these solutions aim to provide stability and predictability in wealth management.
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