Returns may vary with different payment modes and application channels. Please refer to the product brochure for details.

Get ready to experience our new online application platform!
It will be coming to FirstSave in just 5 days enabling you to submit your online applications around the clock.

Whether you hope to see the world or buy a piece of it, let us help you make your dreams come true with our HSBC FirstSave Insurance Plan.

Key features

HSBC FirstSave Insurance Plan is a limited offer, and HSBC Life (International) limited reserves the right to accept or decline any application subject to the plan’s availability across different application channels (branch or online). 

At maturity, you'll receive1:

  • 110% (for monthly paid policies and online applications only);
  • 113% (for annually paid policies with USD100,000 or less notional amount, applied through either online and branch);
  • 114% (for annually paid policies with over USD100,000 notional amount, applied through branch only);
  • 115% (for policies prepaid by aggregate premium, applied through branch only)2
  • of the total premiums you’ve paid after discount.

Spread your payments over 2 years

Pay using an HSBC HKD bank account or HSBC credit card if you apply online

Protect your loved ones while meeting your saving goals

HSBC FirstSave Insurance Plan (“FirstSave”) is a life insurance plan with savings element underwritten by HSBC Life (International) Limited. It is not a bank deposit or bank savings plan.

How it works

See how HSBC FirstSave helps Jenny save while protecting loved ones

Supplementary benefits

You may be also eligible for the following additional benefits, with no additional premiums required.

Additional accidental death benefit3

Your beneficiaries4 will receive an additional 30% of the total premiums paid along with the death benefit if you pass away due to an accident.

Terminal illness benefit5

If you’re diagnosed with a terminal illness before the age6 of 65, your death benefit can be claimed by you in advance.

Unemployment benefit7

If you're unemployed for at least 30 consecutive days, you can defer your premium payments for up to one year and still receive the full protection of your policy.

Please note, 'you' refers to either the life insured or policyholder of the plan.

Please refer to the product brochure for detailed product features and product risks, and the Policy Provisions and Supplementary Benefits Provision for the detailed terms and conditions.


To apply, you need to:

  • be aged6 between 15 days and 75 years old (or between 19 and 75 years old for online applications); and
  • meet our requirements on nationality, address and residency, which are subject to change at the time of application

For detailed product features, please refer to product summary of product brochure.

Premium payment option

Apply online with the option to

  • pay annually, or
  • pay monthly

Payment method:

  • your HSBC HKD bank account, or
  • your HSBC credit card

Visit a branch for the option to

  • pay annually, or
  • prepay the required premiums with our aggregate premium payment option2

Payment method:

  • your HSBC bank account, or
  • by cheque

Please note, for online applications, your premium payments will be made in HKD and your policy will be issued in USD. Hence, fluctuating exchange rates may affect your policy.

Maximum sum insured/notional amount

For online applications:

  • USD100,000

For branch applications:

  • USD1,625,000

Please note, the maximum sum insured/notional amount per life insured via online application is USD100,000. Multiple policies can be taken via different application channels provided that the total sum insured/notional amount for each life insured by HSBC FirstSave does not exceed USD1,625,000.

Need to make a claim?

You can refer to Claims and assistance services for more details on how to make a claim.

Download claim form


  1. The maturity benefit (the amount you'll get at the end of the policy term) is a rounded-down percentage of the guaranteed cash value divided by the total amount of premiums paid at maturity. Such percentage varies by your chosen premium payment mode as follows:
    Premium payment mode Original percentage to be received at maturity Percentage (after discount) to be received at maturity
    For monthly premium payment (applicable to online application only): 108% 110%
    (30% discount off on your first month‘s premium when apply)
    For annual premium payment (applicable to branch and online application): 110% 113% for policies with notional amount of USD100,000 or less
    (4.5% discount off on your first year's premium when apply)
    114% for policies with notional amount of greater than USD100,000
    (6.0% discount off on your first year's premium when apply)
    For aggregate premium (applicable to branch application only)2: 112% 115%
    (6.65% discount off on your first year’s premium when apply)
  2. The aggregate premium payment option allows you to prepay the required premiums and it is currently not available for online applications. The required annual premium will then be deducted from the balance of the prepaid premiums account on the relevant premium due dates. Please be aware that if you choose this payment option, you should ensure that you can afford to leave your prepaid premiums in your policy, as no withdrawal from the balance of the prepaid premiums together with interests accumulated is allowed once paid except in the event of death or surrender of your policy. You are therefore advised to choose a premium payment method that best fits your financial circumstances at the time of application and enquire at branches if you are considering to pay using the aggregate premium payment option.
  3. Additional accidental death benefit will terminate at the end of the policy term, on the policy anniversary at which the life insured attains the age5 of 80 or payout of such benefit or your policy is terminated (whichever is earliest). Your policy will terminate once we paid this benefit.
  4. If any of your nominated beneficiaries fall under the relationship status of grandchildren, grandparents, stepchildren, step parents, step brother, step sister, cohabiting or non-cohabiting partner, you’ll be required to submit the relevant declaration or documents as proof of an insurable relationship between the life insured and the nominated beneficiaries. Please refer to the relevant declaration form for nominating a non-cohabiting partner or the form for all other relationships listed. For more information and requirements you can also visit our ‘Love Bonds Us All’ page.
  5. Terminal illness benefit is not available to you if you are aged5 65 or above. This benefit will terminate on the Policy Anniversary at which you attain the age5 of 65 years or payout of such benefit or your policy is terminated (whichever is the earliest). Your policy will terminate once we paid this benefit.
  6. Age means the Insurance Age of the policyholder (ie same as the life insured) where applicable at his or her next birthday.
  7. The unemployment benefit is applicable to any policyholder aged5 between 19 and 64 who holds a Hong Kong Identity card. It is not applicable if you choose to prepay the required premiums2. The benefit will terminate on the policy anniversary at which the policyholder attains the age5 of 65 years, all due premiums have been paid or your policy is terminated (whichever is the earliest).
  8. Application for HSBC FirstSave is subject to our relevant requirements on nationality and/or addresses and/or residency of the policyholder (ie same as the life insured) as determined by us from time to time.


  • HSBC Life (International) Limited ("the Company“ or “we”) is incorporated in Bermuda with limited liability, and is one of the HSBC Group's insurance underwriting subsidiaries.
  • HSBC FirstSave Insurance Plan (“FirstSave”, the “Plan” or “Policy”) is underwritten by the Company which is authorised and regulated by the Insurance Authority (IA) to carry on long-term insurance business in the Hong Kong SAR.
  • The Hongkong and Shanghai Banking Corporation Limited (referred to as "HSBC") is an insurance agent authorised by the Company. This product is a product of the Company but not HSBC and it is intended only for sale in the Hong Kong SAR.
  • Your benefit is subject to the credit risk of the Company. Your premiums paid will form part of the Company's assets. You do not have any rights or ownership over any of those assets. Your recourse is against the Company only.
  • For monetary disputes arising between HSBC and you out of the selling process or processing of the related transaction, HSBC will enter into a Financial Dispute Resolution Scheme process with you; however any dispute over the contractual terms of the product should be resolved between the Company and you directly.
  • Please refer to the respective product brochure for detailed features and the Policy Provisions for the detailed terms and conditions.
  • In the case that you have to surrender your policy in the early years, you may receive an amount significantly less than the premiums paid. If you have chosen the aggregate premium payment option2, we will apply a surrender charge on the balance of the prepaid premiums2 together with interest accumulated upon your policy surrenders. Please refer to the Policy Provisions for details of the surrender charge.