HSBC launches life in Macau

HSBC Life has launched its first two life insurance products in Macau.

HSBC is expanding its insurance business in Macau by adding life insurance to its existing general insurance business. The bank's insurance arm, HSBC Life International, received approval from the Monetary Authority of Macau to operate life insurance business in mid December last year and the registration process was completed at the end of January. HSBC Life is launching two products initially in the market, its Lifetime Protection Plus and Target Protection Plus plans.

Terry Lo, chief executive of HSBC Life, says, Our ability to offer life insurance in Macau will greatly improve our service proposition, allowing us to offer a more diversified range of services to our customers. Lifetime Protection Plus and...

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