Life Insurance pays the sum assured in the event the policy holder dies during the term of the loan. After any indebtedness related to the consumer loan is repaid to the bank, the named beneficiary (ies) will receive the funds remaining from this payment.
Life Insurance with AD&D Cover
Life Insurance with AD&D provides added security for the policy holder and their beneficiary (ies). If the Insured dies by accidental means, the death benefit is payable will be twice the sum insured. In the event that the life insured suffers a dismemberment loss, an additional benefit as outlined in the policy may be payable.
This information is intended to be a summary of the policy cover provided to us by BF&M Limited in our capacity as an insurance agent of BF&M Limited. For further details, please contact your Relationship Manager or call +441 296 SAFE (7233).
HSBC Bank Bermuda Limited (the "Bank") is acting solely as an insurance agent of BF&M Limited and its subsidiary companies ("BF&M") pursuant to its insurance agent licence issued by the Bermuda Monetary Authority (and not as an insurance agent for the customer) with respect to this/ese insurance product(s). The Bank is not responsible in any way for the underwriting, administration or claims handling of insurance products, and does not accept any responsibility for such matters. HSBC Insurance is the brand name for insurance products offered by HSBC Group members HSBC Bank Bermuda Limited is licensed to conduct Banking and Investment Business by the Bermuda Monetary Authority.
All questions, concerns and claims must be submitted directly to BF&M.