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Guaranteed rate on HSBC life assurance children’s plan
The Lifestyle Children’s Plan from HSBC Life Assurance
(Malta) Limited is a capital protected life policy that has
the main aim of providing children with a headstart for their
future. Furthermore, the investment provides a guaranteed annual
bonus rate of six per cent up to the end of year 2002.
The Lifestyle children’s plan is a “with profits”
savings plan that is designed to provide a secure and effective
method of building a better future for your children. The plan
has two versions, the Children’s Plan and the Children’s
Plan – Gold.
Pauline Azzopardi, wealth management product manager, said:
“Minimum premiums required are very low and this makes
the lifestyle children’s plan accessible to anyone with
young children. Furthermore, the plan combines an automatic
sum assured of Lm1,000 that can be topped up when your child
becomes an adult.”
Additional sums of money can also be invested in the Lifestyle
children’s plan when the policy is renewed or on your child’s
birthday. You can also choose to have your premiums increased
every year to safeguard against the higher cost of living.
After reaching 18 years of age, the assured child will be entitled
to take out a new plan with a maximum sum assured of Lm10,000,
without evidence of health. Moreover, parents who take out more
than one Lifestyle children’s plan will be entitled to
a 50 per cent discount on the policy fee of subsequent plans
for the other brothers and sisters.
The Children’s Plan – Gold offers the same benefits
with the added advantages of a free permanent total and partial
disability benefit of up to Lm1,000 on the child.
The plan can also be utilised to pay school fees while HSBC
Life will grant loans using the policy itself as security. An
optional life assurance policy of Lm25,000 or more on the life
of the parents will be discounted by 10 per cent.
More information on the HSBC Life Assurance Lifestyle Children’s
Plan can be obtained from tel: 0800 77 4444 or from the nearest
HSBC branch.
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