Your Guide to My Choice - Insurance - HSBC careers site
Your Guide to My Choice - Insurance - HSBC careers site
Your Guide to My Choice - Insurance - HSBC careers site
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FINANCE & PROTECTION<br />
Personal Accident Cover – FOR ME<br />
Provider: AIG (UK) Limited<br />
Personal Accident Cover –<br />
FOR MY PARTNER Provider: AIG (UK) Limited<br />
• Do you have access <strong>to</strong> any savings that you could use if you are permanently<br />
disabled by an accident?<br />
• Would a lump sum payment help ease the financial burden if you became<br />
disabled?<br />
• Are there any savings that could be used if your partner is permanently<br />
disabled by an accident?<br />
• Would a lump sum payment help ease the financial burden if your partner<br />
became disabled?<br />
Personal Accident Cover – for Me provides a tax-free lump sum benefit if you die, or<br />
suffer permanent <strong>to</strong>tal or partial disablement, due <strong>to</strong> an accident covered by the policy.<br />
However, the accidental death benefit may be subject <strong>to</strong> inheritance tax when it becomes<br />
part of a deceased person’s estate. Please note that this benefit is in addition <strong>to</strong> the<br />
standard personal accident cover provided <strong>to</strong> you by <strong>HSBC</strong>.<br />
You can choose cover in units of £30,000 (maximum benefit for permanent disability).<br />
The maximum amount of cover is £300,000.<br />
Personal Accident Cover − for <strong>My</strong> Partner provides a tax-free lump sum if your partner<br />
dies, or suffers permanent <strong>to</strong>tal or partial disablement, due <strong>to</strong> an accident covered by<br />
the policy. However, the accidental death benefit may be subject <strong>to</strong> inheritance tax when<br />
it becomes part of the deceased person’s estate.<br />
You can choose cover in units of £30,000 (maximum benefit for permanent disability).<br />
The maximum amount of cover is £300,000.<br />
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