Returns may vary with different payment mode and application channel. 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). 

Receive 108% to 112%1 of the total premiums you’ve paid at maturity, depending on whether you're pre-paying2, or paying monthly or annually

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 is a life insurance plan with a savings element. It’s not equivalent or similar to any kind of deposit, and is underwritten by HSBC Life (International) Limited.

How it works

See how HSBC FirstSave helps Jenny save while protecting loved ones

Featured story

Saving is the first step to keeping your promise

“On my way to becoming a professional singer, I was determined to keep a promise I made to my mum – to inspire others with my music. So I scrimped, saved and travelled the world, busking wherever I went and touching the lives of those who heard me. Thanks to HSBC FirstSave, these days it's easier to save, so we can all achieve the goals we have for tomorrow." Kimman Wong – Singer-songwriter and TV host

Supplementary benefits

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

Additional accidental death benefit3

  • Your beneficiaries 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 benefit4

  • If you’re diagnosed with a terminal illness before the age5 of 65, your death benefit can be paid in advance.

Unemployment benefit6

  • 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 aged5 between 15 days and 75 years old (or between 19 and 75 years old for online application); 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

For online application:

  • USD100,000

For branch application:

  • USD1,625,000

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

Policy documents

Product brochure

HSBC FirstSave Insurance Plan Product Brochure (PDF, 342KB)
See product summary, important notes and key risks in the product brochure

Policy provisions

HSBC FirstSave Insurance Plan Policy Provisions (PDF, 247KB)
See detailed Terms and Conditions in Policy Provisions

Supplementary Benefits

Additional accidental death benefit3(PDF, 196KB)

Terminal Illness benefit4(PDF, 199KB)

Unemployment benefit6(PDF, 266KB)
See Terms and Conditions for each supplementary benefit.

Need to make a claim?

Submit your claim form to us

Download claim form


  1. The maturity benefit (that is, the amount you will 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. Returns vary by your chosen premium mode and you can refer to the product brochure for more details.
  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 is aged5 80 or when said benefit is paid (whichever is earliest).
  4. Terminal illness benefit will terminate at the end of the policy term, on the policy anniversary at which the life insured is aged5 65 or when said benefit is paid (whichever is earliest).
  5. Age means the age of the life insured or policyholder on his or her next birthday.
  6. 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).

The above information is intended as a general summary. Please refer to the Policy Provisions for exact terms and conditions and details of the exclusions.


  • 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.