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HSBC life insurance

Compare HSBC life insurance

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Why choose HSBC life insurance?

HSBC is one of the world’s largest banking and financial services organisations, serving approximately 40 million customers worldwide. HSBC has over 500 branches in the UK and has long understood the importance of life insurance protection. Its life insurance cover has a three-start Defaqto rating, and it pays out 99.4% of claims.

Here is what a life insurance policy looks like with HSBC:

  • Fully regulated

    HSBC is fully regulated by the Financial Conduct Authority, which means you can be assured you are in safe hands

  • Online health services

    This includes a second-hand medical opinion, remote GP consultation, physiotherapy and prescription services all easily and conveniently accessible through an app, allowing you to access a world of healthcare from your phone, wherever you are

  • Mental health support

    Looking after your mind is just as important as your body which is why HSBC provides you with access to counsellors, therapists and psychologists

How do I get a HSBC life insurance quote?

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    Tell us about yourself

    Fill in the type of cover you're looking for, your age, height and occupation, whether you smoke or drink, your family's medical history, and details of your pre-existing conditions.

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    We’ll fetch our best quotes

    We have some of the top UK providers on our panel for you to choose from. Browse policies ordered by lowest premium.

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    Choose the deal you want

    Once you've found the policy that's right for you, all it takes is a click through to your chosen provider to buy your policy today for the price you see.

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What types of life insurance can I get with HSBC?

HSBC offer several different life insurance products to suit any need. Here’s what’s on offer:

  • HSBC life cover: HSBC’s life cover offers financial support to your loved ones, paying a lump sum to them if you were to either die or be diagnosed with a terminal illness

  • Level-term: HSBC’s term life insurance lasts a number of years and pays out to your loved ones if you pass away during that term.

  • Decreasing term: With decreasing term insurance, the insured sum decreases over the term of the policy. This means your monthly payments will be lower than with level cover

  • HSBC joint life insurance: Couples can take out joint life insurance with HSBC – both parties will be insured, and it pays out when either person dies, at which point, the policy ends

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Example HSBC life insurance quote

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HSBC insurance

  • Monthly price

    £8.49

  • Cover amount

    £350,000

  • Cover length

    20 years

  • Cover term

    Decreasing term

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Great for

  • Life claims paid rate: 98.7%
  • Policy documents available online
  • Policy can go into trust

But be aware that

  • No legal advice service

Need to knows

This is an example annual quote based on a 35 year old marketing manager living in London insuring up to £350,000 with a decreasing term life insurance product.

This is for illustrative purposes only. If your circumstances and cover needs differ, your quote may be more or less expensive than the above example.
Learn more about our full methodology here.

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Can I cancel my HSBC insurance and switch providers?

Yes, you can cancel your HSBC life insurance plan at any time. Here are some instances where you may want to cancel:

  1. If your policy is coming up for renewal: you can cancel over the phone and you will not be charged anything for cancelling your policy, but you won't receive anything back for your policy either

  2. You've just taken out a policy: if you change your mind within 30 days of taking out your life insurance policy, HSBC will refund your premiums

  3. If your policy has auto-renewed at a higher rate: If your policy is more than you're comfortable paying, try contacting HSBC. If you wish to end your cover, HSBC will cancel your policy at no extra charge.

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What add-ons can I get with HSBC?

Here are some add-ons that you can add to your HSBC life insurance policy:

  • Critical illness cover

    Critical illness cover can help you with any day-to-day expenses or bills after diagnosis of a critical illness. This cover is also available as an add on to other HSBC life insurance policies


  • Income protection

    HSBC’s income protection offers you tax-free financial support if you are unable to work due to an illness, accident or injury


How do I contact HSBC?

You can contact HSBC life insurance claims service in the following ways:

Phone: 0333 207 5563

Their opening hours are:

Monday - Friday: 9am – 5.30pm (excluding public holidays)

Email: support@lifeprotectionplan.hsbc.co.uk

Writing: HSBC Life (UK) Limited, PO Box 1053, St Albans, AL1 9QG

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Join hundreds of satisfied customers who found their life insurance with us

See all reviews

  • Thanks and best service

    Daljeet Singh

    08/10/2023

  • Easy to sort out and everything was as needed

    Craig Bairstow

    04/10/2023

  • Got exactly what I wanted, for the right price and with no hassle whatsoever, just answer a few simple questions and away we go

    Robert198146

    07/04/2023

  • Pros: Super easy, much much easier than I had anticipated and insuring for large amounts was a lot cheaper than I thought also. Cons: no

    sophie

    01/11/2022
4.7/5
378 reviews

How do I make a claim with HSBC?

HSBC has a streamlined process for claims to ensure that they can support you at a difficult time as quickly and easily as possible. If you, your family or loved ones need to make a claim on your policy call HSBC on 0345 745 6125. The phone lines are open Monday to Friday 8am - 6pm.

There are no long forms to fill out, you will have a dedicated claims manager who will take you through the process and give you a personalised service, helping you through every step of the way.

Why compare life insurance with MoneySuperMarket?

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    Save money

    We make it easy to compare insurers offering you the best value for your budget and save on premiums.

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    Quotes tailored to you

    We ask the right questions and tailor our quotes so you can get the right cover to suit your needs.

  • Make smarter decisions

    We offer independent Defaqto star ratings on policies to help you decide on the right quality product for you.

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Who underwrites HSBC insurance?

HSBC life insurance is underwritten in-house by the underwriting team for HSBC Life (UK) Limited.



Can I pay HSBC in monthly instalments?

Yes, HBSC accepts monthly payments for life insurance policies. Alternatively, you can pay annually for your premiums.

How long does it take to get your life insurance money from HSBC?

This depends on how quickly HSBC can get the information they need from you to support your claim. Life insurance claims are usually paid within four weeks, and critical illness cover claims are typically paid within six weeks.

Do I need life insurance?
Wondering if you need life insurance? This useful guide will help you understand if and when you should invest in a life insurance policy.

Self-employed life insurance
Employers often offer life insurance or death-in-service benefit as an employee perk. But self-employed workers will need to buy their own cover.

Relevant life insurance guide
Relevant life insurance is a type of life insurance offered by employers to employees as part of a workplace benefits package.

View all

Life insurance Guides
  • Life insurance calculator Try our life insurance calculator and discover the best type of cover for your needs.
  • Life insurance for young adults Wondering what age should you take out life insurance? You might think you’re too young to need life cover, but taking out life insurance under 30 could save you money – and protect your loved ones should the worst happen.
  • How to claim for a mis-sold life insurance policy Got a nasty feeling you’ve been mis-sold life insurance? Here’s our guide to making a complaint, filing a claim and getting your money back.
  • Death-in-service cover Many employers will offer a death-in-service benefit to their employees which will pay your dependents a specific sum if you were to die while you’re on their payroll. 
  • Gifting money to grandchildren: everything you need to know In this guide, we discuss everything you need to know about the complex topic of gifting money to your grandchildren.
  • Mental health and life insurance Wondering if you can take out life insurance with a mental health condition? We discuss everything you need to know in this guide and take a look at all the options available to you.
  • Life insurance for new parents When you start a family, it's the perfect time to think about the future. Discover everything you need to know about life insurance and how it can help protect your loved ones in this guide.
  • Family income benefit When you pass away, family income benefit (FIB) can provide your loved ones with the financial security they need to cover day-to-day living costs. Discover everything you need to know and work out whether it's the right choice for you in our useful guide.
  • How to find a relative’s life insurance policy Find out everything you need to know about tracing a life insurance policy of a deceased relative in this helpful guide.
  • Understanding mortgage life Insurance: A guide to protecting your home Find out if mortgage life insurance or standard life insurance is suited to your financial and family needs.
  • Your guide to writing a will Although it’s an unpleasant reality to face, writing a will is something we all have to do to ensure our belongings end up in the right hands when we die
  • What is terminal illness cover? We can’t plan for a terminal illness, but adding terminal illness cover to your life insurance plan will help should the worst happen. Even if you are no longer here, terminal illness cover is a valuable protection to take care of you and your family.
  • Single vs joint life insurance If you’re in a couple, and especially if you have children, you should both have cover to protect your family. Your choice is between each having your own, separate policies, or having a joint policy that covers you both.
  • How smoking affects your life insurance premiums Being a smoker can increase your life insurance premiums by more than half because you are seen as a higher risk of making a claim. But by quitting, you can dramatically reduce the amount you pay, as we explain here.
  • Life insurance and medical records Life insurance can be a financial lifeline to your dependents if you die, but when you take out a policy you may need to share information about your health and medical records with your insurer. We explain here what details are needed and how to access them.
  • Do I need life insurance for a mortgage? A mortgage is one of the main reasons many people choose to get life insurance. It provides a safety net if you die leaving behind financial dependents who will need to cover the mortgage payments.
  • Life insurance gift card Getting life insurance can be a wise choice to protect your loved ones financially. If you’re thinking about taking out a policy, then compare quotes with MoneySuperMarket and we’ll include an shopping gift card*
  • Compare LifeSearch Life Insurance Quotes Find the best life insurance policy for your needs with our partner, LifeSearch.
  • Four in ten Brits want their ashes scattered overseas - but hidden costs could leave families out of pocket For many Brits, funerals are a subject often left for ‘another day’. Yet our research revealed that almost nine in 10 people (88%) haven’t considered the costs involved - a gap that could leave families facing unexpected, and often significant bills. 
  • What are the different types of life insurance? Life insurance pays out a sum of money to your loved ones if you die. There are lots of policies to choose from, from those which just cover your mortgage payments, for example, to those which pay out a sum of money no matter when you die. In this guide, we’ll outline the different types of life insurance available along with the benefits of each to help you decide which one is right for you.
  • What happens to someone's debts when they die? No one wants to think about their own death, but if you do die unexpectedly your loved ones could be left with a financial headache if you’ve unpaid debts. These will usually be paid off by your estate but unless you’ve made arrangements in advance, this can be confusing for relatives to deal with when they’re grieving.
  • Waiver of premium If you are unable to work due to a serious illness or injury, this special rider you can add to your life insurance will waive your life insurance premiums until you're recovered. Learn how it all works in this guide.
  • What is term life insurance? Term life insurance policies will give you life cover for a limited time. In this guide, we'll outline how term life insurance policies work and whether a term policy is right for you.
  • What is level term life insurance  In this guide, you’ll learn what makes level term life insurance different from other policy types. Find out if this life cover is right for you. 
  • Understand life assurance and how it differs from life insurance Life assurance and life insurance are both policies which pay out a sum of money if you die. However, they work in different ways, and here we explain how each works so you can decide which might be right for you.
  • How trusts work when it comes to life insurance Life insurance provides your loved ones with a lump sum of money if you die unexpectedly, which they can use to put towards things like mortgage payments. But unless you put the policy in trust, it may be subject to inheritance tax, of 40%, when you die.
  • How to claim life insurance There’s plenty to think about when a loved one dies. Besides grieving, there are funeral arrangements, and if you are in charge of handling the estate you need to know how to claim life insurance.
  • Why do you need life insurance? Life insurance provides financial protection in the event of your death and gives your family and loved ones a lump sum of money to cover your income. This means they can stay in their home and pay for all the costs your salary contributed to.

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You might be wondering if we work with all the companies in the market, or if our commercial relationships with our partners might make us feature one company above another. We’ve got nothing to hide, and we want to give you clear answers when it comes to questions like these, so we’ve pulled together everything you need to know on this page.

Reviewed on 10 Dec 2025

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