During May, HSBC Life Assurance (Malta) Ltd has been celebrating the 10th anniversary of its official launch on 26 May 1996. HSBC Life, as it is commonly known, has achieved excellent growth over the intervening period and is now providing insurance for over 60,000 lives, with sums insured approaching Lm1 billion.

Over the 10 year period, HSBC Life has taken an active role in the growth of the life assurance sector and now offers a wide selection of protection, unit-linked and with-profits products.

The company places considerable emphasis on protection products, sales of which have grown significantly over the last few years.

“We firmly believe that life assurance is no longer a luxury product but an everyday necessity that can provide financial security to families, should the worst happen. Through HSBC Bank’s excellent financial planning process, we aim to assess the needs of customers and offer insurance solutions that fit these needs,” said HSBC Life managing director Richard Reid.

HSBC Life is currently also focusing on new challenges, in particular the development of a private pension proposition, to be launched once the relative legislation has been enacted. As aptly put by HSBC Bank Malta chief executive Shaun Wallis: “More Maltese today understand and appreciate the benefits and the importance of protecting their loved ones in case something happens, while at the same time saving for various reasons. As with all our other products, we are determined that, when it comes to pensions, HSBC will be able to offer the choices and solutions customers want and need.”

More information on HSBC Life Assurance (Malta) Ltd is available by calling HSBC on 2380-2380 or from the website www.hsbc.com.mt