The strongest trees are those that can flourish in all conditions. Seeds planted today bear fruit tomorrow, just as your planned RMB savings can reap stable returns down the road.

Make a single premium to HSBC TargetSave RMB Insurance Plan, you can get 125% (Guaranteed return: 4.56% per annum)1 of your premium paid in just 5 years upon policy maturity together with life protection during the policy term.

How does TargetSave RMB work?

Guaranteed Growth

Make a one-time payment and get 125%1 of your premium back in 5 years

Make the most of your savings

Start growing your RMB savings from as low as RMB40,000 to as high as RMB800,000

Online application only with no hidden fees

Exclusively available online, our application process is simple and transparent - with no hidden fees

HSBC TargetSave RMB Insurance Plan is a life insurance product with a savings element. It is not equivalent or similar to any kind of deposit. This is a limited offer, and HSBC Life (International) Limited reserves the right to accept or decline any application subject to the Plan’s availability.

How much protection can I get from TargetSave RMB?

TargetSave RMB cares for you and your loved ones:
  • Death Benefit
    In the unfortunate event of your passing while covered by the policy, your beneficiary(ies) will receive 101% of the total premiums paid or 101% of the guaranteed cash value (whichever is higher).
You may also be eligible for the following supplementary benefits during the policy term, with no additional premium required:
  • Additional accidental death benefit2
    In the unfortunate event of your passing due to an accident while covered by the policy, your beneficiary(ies) will receive an additional 30% of the total premiums paid along with the Death Benefit.
  • Terminal illness benefit3
    If you are diagnosed with a terminal illness before the age4 of 65, you will be entitled to the Death Benefit in advance.

What do you need to know before applying for TargetSave RMB?

Eligible applicant5

  • You need to be a HKID cardholder aged4 between 19 and 75 years old
  • Please note, you must be in Hong Kong when making the application

Application channel

  • You can apply online through HSBC Personal Internet Banking

Minimum Sum Insured6  (per policy)

  • RMB50,000

Maximum Sum Insured6 (per life insured7)

  • RMB1,000,000

Policy term

  • 5 years

Policy currency

  • RMB

Payment mode

  • Single premium

Payment method

  • Pay from your HSBC RMB account

Policy documents

For full terms and conditions of TargetSave RMB, please refer to the policy documents:

Manage your policy

Manage your policy online

It's easy to review your policy details.

Make a claim

Sometimes life doesn’t go according to plan and you’ll want to make an insurance claim as soon as possible.

 

Simply call our Tele-Consultants at (852) 3128 0122 who will assist you in preparing your relevant claim request(s). 

Related products

 

Apply online to get guaranteed policy returns of up to 110% of your premium back in 5 years.

 

Spread your payments over 2 years. Pay using an HSBC bank account or credit card if you apply online.

 

Underwritten by HSBC Life (International) Limited (“the Company”). T&C apply. Subject to credit risk of the Company. Early policy surrender may result in a loss. Returns may vary with different payment mode and application channel.

 

If you’ve turned 351 and are thinking about retirement, make sure you receive a regular income later by making a smart move now.

 

Note: EarlyIncome Annuity Plan is not equivalent or similar to any kind of deposit.

1 At the policy’s maturity, a Maturity Benefit equivalent to 125% of your premium paid (i.e. Guaranteed Cash Value of the policy at maturity divided by your premium paid) is payable. For full terms and conditions, please refer to the “Policy documents” section.

2 Additional accidental death benefit will terminate on the Policy Anniversary at which the life insured attains the age4 of 80 years or payout of such benefit or your policy is terminated (whichever is the earliest). 

3 Terminal illness benefit is not available to you if you are aged4 65 or above. This benefit will terminate on the Policy Anniversary at which you attain the age4 of 65 years or payout of such benefit or your policy is terminated (whichever is earliest). Your policy will terminate once we pay this benefit. 

4 Age means the Insurance Age of the policyholder (i.e. same as the life insured) where applicable at his or her next birthday.

5 Application for TargetSave RMB is subject to our relevant requirements on nationality and/or addresses and/or residency of the policyholder (i.e. same as the life insured) as determined by us from time to time.

6 Sum Insured refers to the Guaranteed Cash Value payable to you at policy maturity. Please note that the Sum Insured is not equal to the Death Benefit during the policy term. 

7 Multiple policies can be taken provided that the total Sum Insured for each life insured for TargetSave RMB does not exceed RMB1,000,000. We reserve the right to accept or reject any applications for the Plan based on the information provided by the you during application.

 

Disclaimer

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 TargetSave RMB Insurance Plan (“TargetSave RMB”, or "the Plan", or “your 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.

You're expected to keep your policy for the entire policy term, however may request to surrender it in part or in full. In doing so, you risk receiving an amount which is lower than the premiums you've already paid. If you partially surrender, your guaranteed cash value and death benefit entitlements will be reduced accordingly.

TargetSave RMB is denominated in RMB and pays a guaranteed amount after 5 years. You are exposed to exchange rate risks. Please note, if RMB depreciates in value, you may receive an amount which is lower than what you have paid, in terms of your home currency

In addition to the exchange rate risk mentioned above, you are also subject to any policy or regulatory requirements and restrictions on conversion of RMB. RMB is not freely convertible. The actual conversion arrangement (should this be relevant) will depend on the regulations in place at the applicable time

For full terms and conditions, please refer to the “Policy documents” section.