HSBC Life Assurance is celebrating 15 years of operations in Malta. Since inception in 1996, the Company has grown considerably and currently meets the protection, investment and savings needs of over 73,000 HSBC customers.

Total sums assured have grown to €3.7 billion and funds under management now stand at €440 million as at 31 December 2010.

James Hewitson, Managing Director of HSBC Life Assurance (Malta) Ltd, said: "HSBC Life is an integral part of HSBC Bank Malta’s financial services proposition and has delivered consistent profitability for the past 15 years. The company is entrusted with providing our customers and their families with financial security. This is something that we have delivered for the past 15 years and we will continue to deliver well into the future.”

“HSBC Life Assurance (Malta) has paid out a total of €28.6 million in Life Insurance claims. Maltese customers are becoming increasingly aware that they need to insure against loss of life, accident or illness. We understand the need to insure our car but the same is also very true for our lives. In cases of unfortunate circumstances, such as the loss of the main family breadwinner, life insurance cannot replace the loss but it can help to reduce the burden for the remaining family members.”

HSBC Life Assurance offers a range of market leading products to meet a wide range of financial needs. In September 2010, HSBC Life launched an Immediate Life Cover product, allowing customers to purchase up to €150,000 of life cover with a few simple underwriting questions. This product makes it really easy to buy affordable Life cover.

To celebrate the 15th anniversary, HSBC Life Assurance is offering a 15% discount on the first year’s premium if a protection policy is taken out before 30 June 2011.

“Our anniversary offer is designed to make Life Assurance more affordable and to help more people in Malta protect themselves and their families. The last 15 years has been an exciting time and we look forward to the future and in particular, helping more customers with their protection, investment and savings needs," added Mr Hewitson.

For further information, visit https://www.hsbc.com.mt/1/2/insurance or call the HSBC Malta call centre on 2380 2380.