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Goal Access Universal Life Plan (Education)

A plan that combines life cover for your child with savings for their education

Get the ultimate head start with education life cover and savings

Give your child a competitive edge right from the beginning. This plan combines life cover for your child with savings for their education. Set your savings goal as the insured amount and we'll help you stay on track.

 
You can choose to let the plan mature when your child reaches 22Footnote link 1, or withdraw cash earlyFootnote link 2 to cover things like school fees or private tuition.

 
What's best for your insurance needs? Get tailored guidance from our Insurance Specialists today.


Key benefits

Get potential returns on your child's education funds

Earn at least 2% p.a. interest for the first 8 years as a return on your child's education funds, and a loyalty bonusFootnote link 3 when your policy ends 

Adapt to your evolving needs

Enjoy more flexibility with the sum insuredFootnote link 4, cash withdrawal servicesFootnote link 2, and boosting your account value with unscheduled premiumsFootnote link 5 

Continued protection for your child

Get new life cover when your policy ends, without underwriting 

Special offers — Enjoy up to 2% off

How to apply

Eligibility

To apply for our Goal Access Universal Life Plan (Education), you'll need to meet both of these requirements:

  • the child will need to be agedFootnote link 1 between 15 days after birth to 10 years

  • both you and the child will need to meet our criteria for nationality (country/region/territory), address and residency—which are subject to change from time to time

 

 

The Goal Access Universal Life Plan (Education) is a long-term universal life insurance plan with a savings element underwritten by HSBC Life (International) Limited ("HSBC Life"). It is not equivalent or similar to a bank deposit. Policyholders are subject to HSBC Life's credit risk and early surrender loss.

Talk with us

Get personalised support from our Insurance Specialists. Book a face-to-face appointment or meet with us over video.

HSBC Premier Elite or Premier customer?

Contact your Premier Elite Director or Relationship Manager. HSBC Premier customers can also call us on (852) 2233 3322.

Find out more

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Get easy access to your policy details, future policy projections, make changes to your policies and more, all via online or mobile banking

Notes
  1. The age refers to the age the insured person or policyholder, whichever is applicable, will be on their next birthday.
  2. Cash withdrawals are subject to a surrender charge in the first eight policy years. Please refer to 'Surrender charge' under 'Details of Charges' in the product brochure for details.
  3. Terms and conditions apply. Please refer to 'Loyalty bonus' under 'Product summary' in the product brochure for details.
  4. Increasing the sum insured is subject to both underwriting and an increase in the policy expense charge and insurance change. Reducing the sum insured may incur surrender charges. Please refer to 'Surrender charge' under 'Details of fees and charges' in the product brochure for details.
  5. The minimum and maximum amount of unscheduled premiums per transaction are subject to change by HSBC Life from time to time without prior notice. HSBC Life reserves the right to refuse, reduce or limit the number or amount of such unscheduled premiums payments in any policy years, except as required to keep this policy in force. The acceptance of unscheduled premiums is also at our discretion.
  6. This refers to the policy anniversary at which the insured person or policyholder (whichever the case may be) reaches the specified age based on their age on their next birthday.
  7. The planned premium is determined based on factors including:
    1.the age and gender of the insured person
    2.the sum insured, payment term and policy currency
    3.a variety of health and lifestyle factors

    All planned premiums must be paid during the premium payment period selected during your application.

  8. For the 5-year premium payment arrangement, if you choose to pay your planned premiumsFootnote link 7 monthly for a policy year, the total planned premiumsFootnote link 7 payable under the monthly payment mode for that policy year will be higher than that payable under the annual payment mode.
  9. The terminal illness benefit will terminate when the insured person reached the ageFootnote link 6 of 65, when the benefit has been paid out or the policy has been terminated, whichever is earlier. Your policy will be terminated once this benefit has been paid to you. For the detailed terms and conditions and exclusions, please refer to the relevant policy provisions.
  10. Payor's benefit is applicable to both:
    1.any insured person agedFootnote link 1 between 15 days after birth and 18 years
    2.the policyholder agedFootnote link 1 between 19 and 60 who holds a Hong Kong Identity Card or Macau Identity Card

    The benefit will terminate upon the policy anniversary at which the policyholder reaches the ageFootnote link 6 of 65 or the insured person reaches the ageFootnote link 6 of 22, or when the policyholder recovers, or when the policy is terminated or paid up, whichever is the earliest. This benefit is not applicable for single premium policies. Please refer to the policy provisions of the supplementary benefits for the detailed terms and conditions and exclusions.

The Goal Access Universal Life Plan (Education) is a long-term universal life insurance plan with a savings element underwritten by HSBC Life (International) Limited ("HSBC Life") which is authorised and regulated by the Insurance Authority ("IA") to carry on long-term insurance business in the Hong Kong SAR. It is not equivalent or similar to any kind of bank deposit. Please refer to the product brochure for detailed features and the policy provisions for the detailed terms and conditions.

HSBC Life is incorporated in Bermuda with limited liability, and is one of the HSBC Group's insurance underwriting subsidiaries. The Hongkong and Shanghai Banking Corporation Limited ('HSBC') is registered in accordance with the Insurance Ordinance (Cap. 41 of the Laws of Hong Kong) as an agency of HSBC Life for the distribution of life insurance products in the Hong Kong Special Administrative Region. This product is a product of HSBC Life but not HSBC and it is intended only for sale in the Hong Kong SAR. If the policyholder discontinues and / or surrenders the insurance plan in the early policy years, the amount of the benefit he / she will get back may be considerably less than the amount of the premium he / she has paid. Your benefit is subject to the credit risk of HSBC Life. Your premiums paid will form part of HSBC Life's assets. You do not have any rights or ownership over any of those assets. Your recourse is against HSBC Life only.

In respect of an eligible dispute (as defined in the Terms of Reference for the Financial Dispute Resolution Centre in relation to the Financial Dispute Resolution Scheme) arising between HSBC and you out of the selling process or processing of the related transaction, HSBC is required to enter into a Financial Dispute Resolution Scheme process with you; however, any dispute over the contractual terms of the above insurance product should be resolved between HSBC Life and you directly.