HSBC Life Singapore has introduced the HSBC Life Indexed Flexi Income, an innovative indexed universal life (IUL) plan designed to offer lifetime income, wealth accumulation, and protection across various life stages. This launch aims to cater to Singapore’s evolving longevity and retirement trends, enabling customers to plan confidently for the future.
The plan’s standout features include flexible lifetime income options, allowing policyholders to activate guaranteed increasing income up to age 120. Customers can decide when to start receiving income and have the flexibility to pause or resume payouts as their needs change. Additionally, the plan offers the potential for wealth accumulation by allowing premium allocation to an Index Account with access to multiple market indices or a General Account for guaranteed returns. A floor rate of up to 1% ensures downside protection.
Moreover, the plan provides life insurance coverage for death and terminal illness, supporting inter-generational wealth transfer through succession planning features that can be passed down to five future generations. This launch is part of HSBC Life Singapore’s broader strategy to expand its integrated solutions portfolio, which includes the recent opening of its first integrated Health and Wellness Centre at the Star Vista Wealth Centre and enhancements to its high-net-worth product suite.
Ranked as the top high-net-worth insurance brand in Singapore by Affluential for the second consecutive year, HSBC Life Singapore continues to solidify its position as a leading wealth manager in the region. The new plan underscores HSBC’s commitment to addressing the complex wealth needs of its clients.
