Full product details for the HSBC Executive Income Protection Plan income protection policy, including application criteria, policy details, cover, premiums & fees, claims and exclusions.
This product is only available to individuals who are permanent UK residents.
Minimum Age
18 years
The minimum age at entry is 18 attained.
Maximum Age
59 years
The maximum age at entry is 59 attained.
Maximum Annual Cover
£125,000
Maximum benefit limitations. Maximum benefit The maximum benefit HSBC Life (UK) Ltd will pay is 75% of the employees gross pre-incapacity taxable annual earned income, less the Employment and Support Allowance for a single person. The employer can also insure additional benefit to cover their employees National Insurance and/or approved pension scheme contributions and/or approved life assurance scheme contributions, full details of which, including maximum amounts, are contained in condition 4 of the policy document. HSBC Life (UK) will provide a copy of this on request.
The maximum benefit the employer can select at the start of the policy is £125,000 per year. Other income may reduce the benefit.
Minimum Annual Cover
£1
There is no minimum benefit, this is determined by the minimum premium.
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