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A family of five, the grandma, grandpa, mom, dad, and son, are strolling in a park; image used for HSBC FamilyCare Plan page

HSBC’s FamilyCare

A Life Insurance Plan
Protecting 3 generations of your family, HSBC's FamilyCare is an insurance plan that takes care of your financial and emotional needs when unexpected events happen to you or your loved ones.

Benefits

  • Comprehensive insurance protection for you
    Death, Accidental Death, Total and Permanent Disability (TPD) and 39 Critical Illness (CI) coverage for you.
  • Extended care for your family1 including spouse, child/children and parents
    Death and Accidental Death coverage for your spouse; Accidental Death, 39 CI and 11 Juvenile CI coverage for your children; optional cancer, Parkinson's and/or Alzheimer's/severe dementia coverage for your parents.
  • Emotional Relief Benefit2 to help you through difficult times
    Provides you with an additional RM2,500, RM3,500 or RM5,000 payment3 when a claim is paid out to a loved one.
  • No limit on the number of children under coverage
    Every existing child and future child will be covered automatically, subject to entry age and expiry age requirements.
  • Hassle-free enrolment for family members1
    No medical underwriting is required for your spouse, children and parents. Proof of relationship is only required at the point of claims. Full medical & financial underwriting for Life Assured only.
  • Level premium after policy issuance
    The premium is level throughout premium payment term and not guaranteed4. The premium to be applied will depend on the Life Assured's entry age, gender, smoking status and the type of plan selected.
HSBC's FamilyCare Plans
Benefits Coverage

Basic Plan

Life Assured Benefit

Basic Plan

Covered Spouse

Basic Plan Covered Children
Premium Plan Covered Parents
Coverage Type
  • Death
  • TPD
  • 39CI
  • Death
  • 39 CI
  • 11
  • Juvenile CI
  • Cancer
  • Parkinson's
  • Alzheimer's / Severe Dementia
Plan 250
RM250,000
RM50,000 (once only)
RM50,000 (each child)
RM50,000 (each Life Assured's parent)
Plan 350
RM350,000
RM50,000 (once only)
RM50,000 (each child)
RM50,000 (each Life Assured's parent)
Plan 500
RM500,000
RM50,000 (once only)
RM50,000 (each child)
RM50,000 (each Life Assured's parent)
Accidental Death Benefit
  • RM750,000*;
  • RM1,050,000*;
  • RM1,500,000*
RM150,000 (payable once only)
RM100,00 (payable for each child)
NIL
HSBC's FamilyCare Plans
Benefits Coverage
Coverage Type

Basic Plan

Life Assured Benefit

  • Death
  • TPD
  • 39CI

Basic Plan

Covered Spouse

  • Death
Basic Plan Covered Children
  • 39 CI
  • 11
  • Juvenile CI
Premium Plan Covered Parents
  • Cancer
  • Parkinson's
  • Alzheimer's / Severe Dementia
Benefits Coverage
Plan 250

Basic Plan

Life Assured Benefit

RM250,000

Basic Plan

Covered Spouse

RM50,000 (once only)
Basic Plan Covered Children
RM50,000 (each child)
Premium Plan Covered Parents
RM50,000 (each Life Assured's parent)
Benefits Coverage
Plan 350

Basic Plan

Life Assured Benefit

RM350,000

Basic Plan

Covered Spouse

RM50,000 (once only)
Basic Plan Covered Children
RM50,000 (each child)
Premium Plan Covered Parents
RM50,000 (each Life Assured's parent)
Benefits Coverage
Plan 500

Basic Plan

Life Assured Benefit

RM500,000

Basic Plan

Covered Spouse

RM50,000 (once only)
Basic Plan Covered Children
RM50,000 (each child)
Premium Plan Covered Parents
RM50,000 (each Life Assured's parent)
Benefits Coverage
Accidental Death Benefit

Basic Plan

Life Assured Benefit

  • RM750,000*;
  • RM1,050,000*;
  • RM1,500,000*

Basic Plan

Covered Spouse

RM150,000 (payable once only)
Basic Plan Covered Children
RM100,00 (payable for each child)
Premium Plan Covered Parents
NIL

Emotional Relief Benefit: Upon a claim being paid on Family Benefit, an additional RM2,500*, RM3,500* or RM5,000* will be payable2 to the Life Assured in one lump sum, subject to a maximum amount of RM10,000 PER Life Assured

 

Note: *The amount payable shall depends on the plan selected.

Eligibility

Eligibility of the Entry Age (nearest birthday)
Benefits

HSBC's FamilyCare

Minimum

HSBC's FamilyCare

Maximum

Life Assured 17 years old
65 years old
Covered Spouse
17 years old
65 years old
Covered Children
15 years old
17 years old
Covered Parent(s)
17 years old
80 years old
Eligibility of the Entry Age (nearest birthday)
Benefits
Life Assured

HSBC's FamilyCare

Minimum

17 years old

HSBC's FamilyCare

Maximum

65 years old
Benefits
Covered Spouse

HSBC's FamilyCare

Minimum

17 years old

HSBC's FamilyCare

Maximum

65 years old
Benefits
Covered Children

HSBC's FamilyCare

Minimum

15 years old

HSBC's FamilyCare

Maximum

17 years old
Benefits
Covered Parent(s)

HSBC's FamilyCare

Minimum

17 years old

HSBC's FamilyCare

Maximum

80 years old

Premium Payment Term: Leval premium, payable up to the end of coverage term.

Underwriting Requirement: Full medical and financial underwriting for Life Assured only.

Eligibility of the Expiry Age (nearest birthday)
Benefits
HSBC's FamilyCare
Life Assured
80 years old
Covered Spouse
80 years old, or when Life Assured attains 80 years old, whichever is earlier.
Covered Children
21 years old, or when Life Assured attains 80 years old, whichever is earlier.
Covered Parent(s)
100 years old, or when Life Assured attains 80 years old, whichever is earlier.
Eligibility of the Expiry Age (nearest birthday)
Benefits
Life Assured
HSBC's FamilyCare
80 years old
Benefits
Covered Spouse
HSBC's FamilyCare
80 years old, or when Life Assured attains 80 years old, whichever is earlier.
Benefits
Covered Children
HSBC's FamilyCare
21 years old, or when Life Assured attains 80 years old, whichever is earlier.
Benefits
Covered Parent(s)
HSBC's FamilyCare
100 years old, or when Life Assured attains 80 years old, whichever is earlier.

Premium Payment Term: Leval premium, payable up to the end of coverage term.

Underwriting Requirement: Full medical and financial underwriting for Life Assured only.

HSBC's FamilyCare Benefits Payout
Benefits
Year 1
Year 2
Year 3 onwards
Covered Spouse (Non Accidental Death Benefit)
Not payable
Not payable
RM50,000
Covered Children (Critical lllness or Juvenile IIIness)
RM12,500
RM25,000
RM50,000
Covered Parents (3 Covered Critical IIInesses)
Not payable
RM25,000
RM50,000
HSBC's FamilyCare Benefits Payout
Benefits
Covered Spouse (Non Accidental Death Benefit)
Year 1
Not payable
Year 2
Not payable
Year 3 onwards
RM50,000
Benefits
Covered Children (Critical lllness or Juvenile IIIness)
Year 1
RM12,500
Year 2
RM25,000
Year 3 onwards
RM50,000
Benefits
Covered Parents (3 Covered Critical IIInesses)
Year 1
Not payable
Year 2
RM25,000
Year 3 onwards
RM50,000

Surrender Benefit

  • Guaranteed surrender value after policy has been in-force for a minimum of two (2) full policy years.
  • Guaranteed surrender value less any indebtedness will be payable to the Policy Owner.
  • Surrender Benefit is not applicable for Parent rider.

The information provided on this page is not a contract of insurance. The descriptions of cover are a brief summary for quick and easy reference.  Kindly refer to the brochure, policy contract and Product Disclosure Sheet for full benefits as well as terms and conditions including exclusions.

Want to apply for HSBC's FamilyCare Plan?

Find your nearest HSBC branch to apply.

Issued by HSBC Bank Malaysia Berhad (Company no.127776-V) ("HSBC Bank"). HSBC's FamilyCare ("this Plan") is underwritten by Allianz Life Insurance Malaysia Berhad (Company no.104248-X) ("Allianz Life") and HSBC Bank is the intermediary in distributing this Plan

1Spouse refers to legally married spouse in accordance with the laws of Malaysia. Child/children refers to the Life Assured's biological child/children or legally adopted child/children (in accordance with the laws of Malaysia), or legal ward (appointed by an order of a competent court in accordance with the laws of Malaysia). Parent/parents refers to the Life Assured's biological parent/parents or legally adoptive parent/parents (in accordance with the laws of Malaysia).

2Subject to a maximum of RM10,000 per Life Assured's life.

3Depending to the type of plan selected.

4Allianz reserves the right to revise the premium rate applicable at Policy Anniversary by giving at least three (3) months written notice.

The benefit(s) payable under eligible policy is(are) protected by PIDM up to limits. Please refer to PIDM’s TIPS Brochure or contact Allianz Life Insurance Malaysia Berhad or PIDM.

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