HSBC Insurance (Singapore) Pte Ltd
HSBC Insurance Singapore Pte. Ltd is a wholly owned subsidiary of
HSBC, the world's 3rd largest bank with over $ 2 billion in assets.
HSBC Insurance has been present in Asia for over 30 years and HSBC
Life has a AA rating from Standard & Poors. The insurance arm
of HSBC has a global target to contribute 20% to overall group
profits by 2010. HSBC Singapore was established as Keppel insurance
in 1954 and was acquired by HSBC in 2003. It is a composite insurer
with both life and general business. Under the life business a
special entity, HSBC Insurance Employee Benefits looks after the
needs of international companies based in Singapore including those
having multinational pooling arrangements with Insurope. This
entity has been growing at more than 20% year on year since 2005.
typical benefit plan
Singapore Standard Benefits
Term Life/PA
24 times monthly salary.
Inpaitient/Hospitalization & Surgical
Room and board Government/Restructure Hospital
SGD 160. Private Hospital SGD 230.
Outpatient/Clinical
Go by Panel Doctors on as charge basis