HSBC Life opens online application for insurance plan

Eligible customers who will apply online can get a 20% first-year premium discount.

HSBC Life has opened an online application for its Voluntary Health Insurance Scheme Flexi Plan (VHIS Flexi Plan).

Those who wish to apply can log into HSBC Personal Internet Banking. Customers can also extend the coverage of their insurance to at least nine other family members.

Payment for the insurance plan can be made either monthly or yearly through HSBC bank accounts or HSBC credit cards.

Eligible customers who will apply for VHIS Flexi Plan until 31 March will be entitled to a 20% first-year premium discount. Those who apply for two or more family members will receive an additional 10% family discount throughout the coverage period.

HSBC will also provide a tele-underwriting capability to assist customers who may need to disclose specific medical histories.

Apart from opening an online application for its insurance plans, HSBC Life also launched new tranches of their HSBC Swift save to strengthen its digital proposition.

The digital savings plan now offers three additional policy currencies apart from the British Pounds (GPB) namely Hong Kong Dollars (HKD), Renminbi (RMB), or US Dollars (USD), which are exclusively available online.

HSBC Swift Save said its customers will be guaranteed maturity benefit of up to HK$2m, RMB1.65m, or US$250,000 at the end of the five-year policy term.

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