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HSBC Life unveils new universal life plan targeting high and ultra high net worth individuals

Nicole Lim
Nicole Lim • 2 min read
HSBC Life unveils new universal life plan targeting high and ultra high net worth individuals
HSBC Life says that the HSBC Life Diamond Prestige IUL’s index account offers customers higher returns from the global equity market. Photo: Bloomberg
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HSBC Life Singapore has launched a universal life plan targeting the high net worth (HNW) and ultra high net worth (UHNW)  individuals. The plan offers both life insurance protection and investment, according to a release dated May 14. 

Called the HSBC Life Diamond Prestige IUL, the plan is an indexed universal life plan for clients looking to balance continued growth potential with security in the legacy gift they are preparing for family members.

The plan offers customers the flexibility to allocate funds between a general account and an index account. 

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