HSBC Issued $250 Million Life Insurance Policy

Issued and fully underwritten by HSBC Life, the firm’s insurance arm based in Hong Kong, this monumental policy underscores HSBC’s prowess in the insurance sector and its ability to cater to the evolving needs of affluent individuals.

Structured as a whole-of-life protection plan, the policy promises to pay out a substantial $250 million to the named beneficiary of the insured individual upon their demise. With features meticulously crafted to safeguard the insured’s wealth for future generations, this policy stands as a testament to HSBC’s commitment to providing comprehensive and tailored insurance solutions.

In the past year alone, HSBC Life has issued an impressive ten life insurance policies valued at $50m or higher to individual clients, reflecting the company’s strong foothold in the high-value insurance market.

In 2014, the previous Guinness World Record was set for a life insurance policy valued at $201m, certified in California, United States.