HSBC Life Decreasing Term Assurance
The individual mortgage-reducing term, withdrawn January 2021. No longer on HSBC Life’s current term-life page — existing policies continue on their original contract terms.
HSBC Life Decreasing Term Assurance was the individual mortgage-reducing term plan (death + TPD, no cash value) — withdrawn from sale in January 2021, per third-party documentation.
Since then HSBC has had no individual decreasing-term product: the current mortgage offering is the Group Mortgage Protector, a yearly-renewable group policy tied to HSBC home loans (up to 4 joint lives, to age 70) — a different animal from an individual MRTA that survives refinancing to another bank.
What’s publicly known
What isn’t published
- Exact launch year, reduction-rate options and premium structure — unspecified publicly
- Formal withdrawal notice (January 2021 per third-party source)
Still holding a HSBC Life Decreasing Term Assurance policy?
An adviser can help you:
- Read your original policy contract and confirm exactly what it still covers
- Compare keeping it against replacing it — legacy plans are sometimes worth keeping
- Check whether current HSBC Life plans fill any gaps it leaves
Sources
- Tree of Wealth — HSBC Life Decreasing Term Assurance (withdrawal)
- HSBC — Group Mortgage Protector product summary (successor, group)
Legacy-plan information is compiled from limited public materials and third-party overviews — never rely on it for a decision about an in-force policy. Your policy document is the only authoritative description of your cover. Confirm with HSBC Life or a licensed financial adviser.