Protect what matters
Insurance is designed to protect you against some of life's risks.
At HSBC, we offer a range of insurance products to suit your needs. These include a choice of life insurance, investment linked insurance and life cover products. You'll also find our general insurance products range that includes car, health, fire, property insurance and more.
How to use it
Think about what you need and value most in your life. Is it your health? Your home? Research what it would cost to protect them with insurance. Remember that all insurance costs money and so you will need to include these costs, or premiums, in your monthly budget.
It's also important to factor in any terms and conditions associated with an insurance policy, for example, any excess that would need to be paid in the event of a claim, existing medical conditions that should be declared, as well as any other exclusions.
A healthy approach to protecting you and your family against risk involves two steps:
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Apply for insurance to cover substantial risks that you would find it hard to recover from if they occurred, like a fire or permanent injury.
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Meet smaller, unexpected costs by putting aside a regular, monthly sum into an emergency savings fund.
Comparing insurance policies
Comparing insurance policies from different providers isn't always straightforward. It's important to compare all the elements that make up an insurance policy, including:
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Cost of premium
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Cost of excessive (if applicable)
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Any terms or conditions imposed
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Fees or penalties for missing payments
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Tax or other implications
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Claim payment ratio
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