HSBC Capital Prévoyance

HSBC Capital Prévoyance⁽³⁾ pays out a lump sum in the event of death or a total and irreversible loss of autonomy following an illness or an accident.

• You choose the amount of your cover, between €30,000 and €1,000,000.
• An “Emergency Payout⁽⁴⁾” of €10,000 will be paid within 48 hours in the event of death.
• No medical formalities are required should you choose to increase your cover following changes in your family circumstances.
• Special reductions for non-smokers and joint subscriptions.
• The capital paid out to beneficiaries in the event of death, or to the policyholder in the event of a total and irreversible loss of autonomy, is eligible⁽⁵⁾ for favourable tax conditions.

(1) Cost of a local call from a landline phone in mainland France, from 8am to 10pm Monday to Friday and from 9am to 5.30pm on Saturdays
(2) Costs vary between countries. Contact your operator for information..
(3) HSBC Capital Prévoyance is an individual life insurance policy providing cover in the event of death or total and irreversible loss of autonomy, taken out through HSBC France with HSBC Assurances Vie (France). Subject to the terms of the contract. The option to double the lump-sum payout in the event of accident is available for the first 7 years of the policy, for all policies offering cover of between €50,000 and €250,000 taken out after 23/08/2010. The insurance company reserves the right to modify this offer at any time.
(4) Provided we receive the necessary documents. Only if a single individual is designated as the primary beneficiary. The sum will be paid into the beneficiary’s bank account in the time needed to process the transaction. Payment of this amount does not imply that the insurance company accepts the claim. The beneficiary will retain the sum of €10,000 in all cases.
(5) In certain cases, and subject to certain conditions.

• Immediate protection for your loved-ones
• Freedom to choose the amount of your cover and your beneficiaries
• An “Emergency Sum” of €10,000 in the event of death
• Favourable tax conditions
• A policy that adapts to changes in your family circumstances
• Special reductions

Immediate protection for your loved-ones

A lump-sum payout in the event of bad news:

• In the event of death
  Nothing is more precious to you than your family. But what would happen if you were to die suddenly? HSBC Capital Prévoyance⁽³⁾ allows you to protect the financial future of your loved-ones by ensuring that they receive a payout no matter what the cause of death through illness or an accident.

• In the event of a total irreversible loss of autonomy
  The payout is made to you. Given both the practical and financial consequences of becoming disabled, the lump sum could be used to pay for changes to your home, a carer, etc.

Freedom to choose the amount of your cover and your beneficiaries

• You choose the amount of your cover
  You decide on the capital needed to protect your loved-ones, according to your needs, between €30,000 and €1,000,000. You can change the amount of your cover at any time⁽⁴⁾.
• You choose your beneficiaries
  With HSBC Capital Prévoyance you are free to choose your beneficiaries in the event of your death. You can decide to make a payout to loved-ones outside your family. You can change your beneficiaries at any time⁽⁵⁾.

An “Emergency Sum” of €10,000 in the event of death

To help you to meet the immediate costs following a death, HSBC Capital Prévoyance can release up to €10,000 within 48 hours of receiving the necessary documents, without having to wait for the claim to be fully processed⁽⁶⁾.

Favourable tax conditions

In the event of death, the payout received is tax-free if the beneficiary is your spouse⁽⁵⁾.
In the event of total and irreversible loss of autonomy, the payout is exempt of income tax in certain cases⁽⁷⁾.

A policy that adapts to changes in your family circumstances

You will want to enhance the protection of your loved-ones when you get married or have a baby. Within 6 months of certain family-related events (marriage, PACS civil union, birth, adoption), you can increase your cover by up to 20% of the insured amount⁽⁸⁾. You can do this without completing any additional medical formalities, based on a simple statement of your state of health.

Special reductions

Non-smokers benefit from a reduction in their premium.
To strengthen your family’s protection, you and your partner both need to be covered. You will receive a reduction if you sign up for the policy as a couple⁽⁹⁾.

At no extra cost, you can choose to pay your premium either monthly, quarterly or annually⁽¹⁰⁾.

(1) Cost of a local call from a landline phone in mainland France, from 8am to 10pm Monday to Friday and from 9am to 5.30pm on Saturdays
(2) Costs vary between countries. Contact your operator for information.
(3) HSBC Capital Prévoyance is an individual life insurance policy providing cover in the event of death or total and irreversible loss of autonomy, taken out through HSBC France with HSBC Assurances Vie (France). Subject to the terms of the contract. The option to double the lump-sum payout in the event of accident is available for the first 7 years of the policy, for all policies offering cover of between €50,000 and €250,000 taken out after 23/08/2010. The insurance company reserves the right to modify this offer at any time.
(4) Subject to completing the medical formalities required for subscription.
(5) This option is only available if the beneficiary does not accept being identified as such, acceptance renders it irrevocable.
(6) Provided we receive the necessary documents. Only if a single individual is designated as the primary beneficiary. The sum will be paid into the beneficiary’s bank account in the time needed to process the transaction. Payment of this amount does not imply that the insurance company accepts the claim, which is subject to a comprehensive review. The beneficiary will retain the sum of €10,000 in all cases.
(7) The term spouse includes a spouse or partner under a PACS civil union. Tax applicable for successions established as of 22 August 2007. Life insurance payouts to a single, widowed, divorced or separated brother or sister are also tax-free subject to the following conditions: if, at the time of death, the beneficiary is over 50 years of age or suffers from an infirmity preventing them from earning a basic wage, and if he or she has lived uninterruptedly with the deceased for 5 years before their death.
For all other beneficiaries, for policies subscribed for currently by French tax residents, amounts paid on the death of the policyholder are exempt from inheritance tax with the exception of amounts corresponding to premiums paid after the policyholder's 70th birthday for the portion in excess of €30,500 for all beneficiaries and all life/death insurance policies covering the same policyholder. The last annual premium paid before the policyholder's 70th birthday is subject to a specific withholding tax of 20% for amounts in excess of €152,000 per beneficiary, for all life/death insurance policies covering the same policyholder.
(8) Up to an insured amount of €600,000.
(9) Subscription as a couple includes all simultaneous subscriptions by the policyholder and his/her spouse, cohabiting partner or PACS partner or any subscription to the same policy by the policyholder's spouse, cohabiting partner or PACS partner within 6 months of signing the application form. The 10% reduction applies to all-causes premiums (excluding the option to double the lump-sum payout in the event of an accident).
(10) Subject to a minimum of €25 per payment.