HSBC Life Singapore enhances product suite to support multi-generational wealth planning
The enhancements are designed with Singapore’s growing affluent and high-net-worth (HNW) segment in mind, supporting complex wealth planning needs like long-term financial protection, intergenerational wealth transfer, and capital preservation.
Singapore’s HNW population is on the rise — with its ultra-rich segment projected to grow by over 15% between 2023 and 2028, according to Knight Frank’s 2024 Wealth Report¹ — underscoring the growing importance of wealth planning solutions that address evolving protection, legacy, and wealth transfer needs.
Affluent needs are also evolving, with demand for solutions that combine long-term protection and investment potential — such as investment-linked and indexed universal life products — on the rise as investors seek to build more resilient and diversified portfolios.²
Ouling Lu, Chief Product Proposition Officer at HSBC Life Singapore said: “Affluent and high-net-worth individuals and families often have cross-border assets and complex, multi-generational wealth needs. With these demographics on the rise in Singapore, insurance solutions that offer legacy certainty, estate liquidity, capital preservation and protection against volatility can provide stability, simplicity and predictability as part of a diversified and integrated wealth strategy.”
HSBC Life Diamond Prestige IUL II
An enhanced version of HSBC Life’s flagship indexed universal life plan, Diamond Prestige IUL II provides lifelong protection alongside long-term capital growth potential. The plan now offers access to three new indices in addition to the S&P 500 Index: the Nasdaq-100 Index; the S&P U.S. Tactical Multi-Asset Index that offers a crediting interest multiplier of 220% (current assumed rate) of the index’s positive returns; and the S&P Global Diversified Index that offers a crediting interest multiplier of 108% (current assumed rate) of the index’s positive returns and 1% floor rate to protect against negative returns.
The selection of four index options with flexible allocation aims to support greater portfolio diversification and customisation, in line with financial goals like capital preservation and growth while building a structured, multi-generational legacy. Other features include lifestyle benefits, loyalty bonus, guaranteed minimum surrender values, and flexible death benefit payout options.
HSBC Life Emerald Legacy Life III
This refreshed whole life insurance solution provides lifelong protection alongside enhanced flexibility for wealth transfer. Clients can choose from single premium or limited premium payment terms of 5, 10, or 15 years — enabling earlier legacy planning that can be customised to align with financial goals. The limited premium plan offers coverage for death and terminal illness up to age 120, along with a guaranteed cash value of up to 100% of premiums paid, beyond year 40.
The plan also offers flexible death benefit payout options that give clients the choice to distribute the benefit as a lump sum or as in staggered payouts, supporting estate planning by managing disbursements efficiently.
HSBC Life Goal Builder II
Available exclusively through HSBC’s Wealth and Personal Banking (WPB) channel, this investment-linked plan is designed to support medium-to long-term goals such as wealth accumulation, retirement, and children’s education. One of the key enhancements is an increased welcome bonus of up to 55%, to provide an upfront boost to account value. The plan encourages regular savings while offering the flexibility to adapt to changing financial objectives, helping clients bridge the gap to their future wealth ambitions.
The enhanced solutions are part of HSBC Life’s integrated wealth and protection proposition that aims to seamlessly support complex wealth planning needs, including the launch of the first Health and Wellness Centre located within HSBC’s Wealth Centre at the Star Vista this year.
Sources:
¹ Knight Frank Wealth Report 2024
² HSBC Affluent Investor Snapshot 2025
Media enquiries:
Carol Alisha Chan: carol.a.chan@hsbc.com.sg
Urvashi Raizada: urvashi.raizada@hsbc.com.sg
Note to Editors:
- The HSBC Life Diamond Prestige IUL II brochure is available at HSBC Life Diamond Prestige IUL II | Legacy Planning - HSBC Life SG
- The HSBC Life Emerald Legacy Life III brochure is available at Emerald Legacy Life III | Legacy Planning- HSBC Life SG
- The HSBC Life Goal Builder II brochure is available at Goal Builder II | Investment-Linked Plans - HSBC Life SG
Disclaimers:
S&P Global Diversified Index:
- Full index name is S&P Global Diversified 7.5% TCA 0.75% Decrement Index (USD) ER
S&P U.S. Tactical Multi-Asset Index:
- Full index name is S&P U.S. Tactical Multi-Asset 4.5% TCA 0.65% Decrement Index (USD) ER
S&P 500 Index, S&P Global Diversified Index, and S&P U.S. Tactical Multi-Asset Index
The indices above are products of S&P Dow Jones Indices LLC or its affiliates (“SPDJI”), and has been licensed for use by HSBC Life (Singapore) Pte. Ltd. S&P® and S&P 500® are trademarks of S&P Global, Inc. or its affiliates (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by HSBC Life (Singapore) Pte. Ltd. HSBC Life Diamond Prestige IUL II is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, or their respective affiliates and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the indices above.
Nasdaq®, Nasdaq-100 Index®, Nasdaq-100® and NDX® are registered trademarks of Nasdaq, Inc. (which with its affiliates is referred to as the “Corporations”) and are licensed for use by HSBC Life (Singapore) Pte. Ltd. The Product has not been passed on by the Corporations as to their legality or suitability. The Product is not issued, endorsed, sold, or promoted by the Corporations. The corporations make no warranties and bear no liability with respect to the product.
HSBC Life Singapore
HSBC Life (Singapore) Pte. Ltd. is a wholly owned subsidiary of HSBC Insurance (Asia Pacific) Holdings Limited, which is ultimately owned by HSBC Holdings plc, the London-based holding company of the HSBC Group. HSBC Life Singapore has received an A+ rating by Standard & Poor’s, most recently affirmed in March 2025. It provides a wide range of solutions that cater to life, health, retirement, protection, education, legacy planning, and wealth accumulation needs of retail and corporate clients.
HSBC Singapore
HSBC opened its first branch in Singapore in 1877. A qualifying full bank serving the international needs of individuals, corporate and institutional clients, HSBC offers a comprehensive range of banking and financial services including retail banking and wealth management; commercial, investment and private banking; insurance; forfaiting and trustee services; securities and capital markets services. In May 2016, HSBC subsidiarised its retail banking and wealth management business in Singapore and established, HSBC Bank (Singapore) Limited. HSBC in Singapore was recognised by Euromoney as “Best International Bank in Singapore” in 2024 and was conferred the Champion of Good by the National Volunteer and Philanthropy Centre
HSBC Holdings plc
HSBC Holdings plc, the parent company of HSBC, is headquartered in London. HSBC serves customers worldwide from offices in 57 countries and territories. With assets of US$3,214bn at 30 June 2025, HSBC is one of the world’s largest banking and financial services organisations.