HSBC just released its first online endowment plan: the HSBC Life Online Endowment that offers guaranteed returns at a competitive 2.5% per annum.
Here’s a low-down on what you need to know.
1. Invest A Minimum Of $5,000To invest in the HSBC Life ONline Endowment, you will need to invest a minimum of $5,000 to a maximum of $100,000.
2. Short Term Investment Of Just 3 YearsYour money will only be locked in for a 3 year-long investment period.
3. Death Benefit CoverageThe plan covers a death benefit coverage of 105% of the Single Premium. What does this mean? This means that if you were to put in $5,000 into the endowment plan, in the event of death, you or your next of kin will be compensated with a death benefit of $5250.
A Look At Your Investment Returns With HSBC Life Online Endowment
