Planning for life's key events
Life is made up of a series of key life events - both planned and unplanned. HSBC Advance helps you in finding solutions that are flexible enough to fit your changing life needs.
- Life stage based planning
When you embark on your first job, you also embark on becoming financially independent. As one grows older, responsibilities increase and subsequently liabilities increase. You need to plan for your wedding, higher studies, a family, and the list continues. Smart financial planning is an essential step towards achieving long-term goals like childrens' education and short term aspirations, like a foreign holiday.
- Single and working
A financial plan which factors in your need for managing and wealth creation could go a long way in aiding you to continue supporting your dependents such as parents, while building a nest egg for yourself, when you decide to marry.
- Newly married
A carefully drawn financial plan which addresses the various protection needs is essential, as it will also help you to provide for your future family.
- Married with Kids
Your children become your priority. Their basic and higher education and weddings will be top of the 'saving for' list and a financial plan, which entails a blend of investment and insurance products^ will help you to fulfill your obligations.
As you approach retirement and your children become financially independent, you could allocate a greater portion of your investment towards retirement plans for yourself. By this stage, your financial plan should also include adequate coverage for health and accident insurance^.
- Senior citizens
For your golden years to be truly the most carefree period of your life, your financial plan must remain robust. You may no longer derive a regular income from your profession/business. Accordingly, your financial plan should be designed to deliver an income that will enable you to maintain the standard of living that you were used to at the peak of your working life.
With adequate accident and health insurance^ you can hope to be financially independent even in the face of unforeseen eventualities and illnesses.
- Buying a House
When taking a Home Loan
HSBC Home Loans - the ideal solution to own and live in the house of your dreams today and to leverage the true potential of your existing property .What more as an HSBC Advance customer you would enjoy preferential pricing on Home Loans from HSBC
Click here to find out more about HSBC Home Loans / apply for HSBC Home loans.
^ Insurance is the subject matter of solicitation.