· This Policy is a special group policy that HSBC has arranged from Tata AIG Life Insurance Company, especially for its loan customers.

Unfortunate events in life cannot be prevented, but you can still plan to protect your family from Future Mishaps. Especially when it comes to paying off your Home Loan installments. So, Tata AIG Life Insurance Company Ltd's Home Loan Protection Plan (HLPP) is Specially designed to safeguard your family from the burden of your loans. So you can rest easy knowing that even if something were to happen to you, the home you buy will remain with your family.

Features & Benefits
1. Low premium rates.
2. In the unfortunate event of death or disability of the primary applicant of a Home loan from HSBC, the proceeds of the policy will be paid to HSBC to cover your loan balance. Surplus amount, if any will be paid to you or in the event of your death, to your nominee
3· Option of paying a single lumpsum premium or with your monthly loan Equated Monthly Instalments (EMI)
4. Reducing coverage of the insurance as your outstanding loan amount reduces. This is reflected in the insurance premium that you would be paying

Eligibility

Only HSBC Home Loan (mortgage) customers are eligible.HSBC will act as an administrator for collections and remittances of premiums and submission of your application form to Tata AIG Life Insurance Company Ltd.