HSBC France

Protect your loved ones by giving them financial security determined by you

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 and you can double the lump-sum payout in the event of accident (1)(2).
  • 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(3).

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(1) 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.

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(4).

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(5). 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 20% reduction in their premium. To strengthen your family's protection, you and your partner both need to be covered. You will receive a 10% reduction if you sign up for the policy as a couple(6).

Favourable tax conditions

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

Good to know: At no extra cost, you can choose to pay your premium either monthly, quarterly or annually(8).

* Dial +33 810 246 810 from abroad.
(1) 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.
(2) Subject to completing the medical formalities required for subscription.
(3) This option is only available if the beneficiary does not accept being identified as such, acceptance renders it irrevocable.
(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, which is subject to a comprehensive review. The beneficiary will retain the sum of €10,000 in all cases.
(5) Up to an insured amount of €600,000.
(6) 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).
(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) Subject to a minimum of €25 per payment.

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