Here is the details that we received from HSBC.
- The insurance will cover cancer, stroke, bypass surgery, accidental death or permanent disability
- The maximum cover will be for Rs 10 Lakhs.
- The cover that can be claimed is proportional to SIP amount paid every month. Suppose you invest Rs 2,000 / month, you will get insurance cover of Rs 72,000 over three years as that’s the minimum period you have to stay invested to claim insurance.
- Eligible age for investor is between 20 and 50 years
Kindly contact HSBC for further details of feedback @ dalalstreet.biz.