UK-headquartered HSBC is introducing a flexible insurance subscription product with seven switchable covers, starting from 4 November 2019.
Available in the UK, HSBC customers will be able to pick a minimum of three covers; including life insurance, mobile phone, gadget, home emergency, excess payment protection, motor breakdown and travel.
The ‘Select and Cover’ service starts from £19.50 a month for three options up to £45.50 ($58.78, €52.67) for all seven.
Clients will be able to add or remove one option throughout the year, as long as they keep at least three, and can change all of their options once a year at their renewal date.
Each policy covers the holder, their spouse or domestic/civil partner, and their children.
The subscription can be cancelled at any time.
Ask the client
James Hewitson, head of wealth and advice at HSBC UK, said: “We know that customers want to protect the things they love, and we’ve now made that easier than ever.
“Select and Cover allows you to switch options to suit you and your family’s evolving needs. It also makes it easier to manage your policies by keeping them all in the same place and managed by one provider.”
