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Wealth Accumulation Plan

Giving you greater flexibility and choice to help you build for your future Offers terms and conditions

Zurich’s Wealth Accumulation Plan provides an effective platform for you to grow your wealth – at your own pace. Invest with a variety of currencies in a wide range of funds, and add additional premiums as and when you can.

Key Features:


  • More choice – construct your own investment portfolio according to your risk profile from a range of funds and a choice of currencies including USD, GBP and EUR
  • Greater flexibility – start with a minimum initial single premium of USD 30,000 (or equivalent in other available currencies) and make additional minimum contributions of USD 2,500 at anytime
  • Modify your investment portfolio – switch between investment funds at no extra cost to reflect your changing circumstances
  • Protection for you and your family – the policy provides an enhanced death benefit in the unfortunate event of the death of the life insured within the first five years of the policy being issued
  • Easy access to your investment – choose to take regular withdrawals when you set up your policy or at any time during the life of the policy

Here's what you get :

  • Make a single premium payment towards your investment goals.
  • Provide a high level of flexibility allowing you to add additional premiums whenever it suits you.
  • You can start a plan with a minimum initial single premium currently USD30,000 and make further additional contributions of USD2,500 at anytime
  • Provide an enhanced death benefit if the life insured dies within the first five years of the policy.

More benefits:

  • Option for single life, joint life second death, multiple life last death
  • You can make single or additional contributions to your plan at any time
  • Provide a facility to take regular withdrawals and partial surrenders should you choose to.
  • Extensive and comprehensive range of Investment choices

You can apply for a Wealth Accumulation Plan:

  • If you're over 18 years old with no maximum age
  • As an individual, joint, trustees or a company
  • Holding a valid UAE Resident visa
  • If you hold an HSBC account
Ready to apply?Have us call you

Zurich’s Wealth Accumulation Plan is provided and underwritten by Zurich International Life.

This is only general information and does not constitute an offer to buy or sell an insurance product or service. It is also not intended to provide any insurance or financial advice. A person interested in this product should read and consider the Product Brochures, Product Summary and Benefit illustration in deciding whether to buy this product. You can ask for these documents from any of our Branches.

Buying a life insurance plan is a long-term commitment. An early termination of the plan usually incurs high cost and the surrender value payable (if applicable) may be less than the total premiums paid. The terms & conditions applicable to these products will be of Zurich International Life and the applicant or the plan holder will not hold HSBC responsible for processing, claims or otherwise.

For the avoidance of doubt, HSBC does not provide tax advice and you should seek your own external tax advice in relation to this product.


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Wealth Accumulation Plan

Zurich's Wealth Accumulation Plan provides an effective platform for you to grow your wealth – at your own pace. Invest with a variety of currencies in a wide range of funds, and add additional premiums as and when you can.

Overview

Key Features:

  • More choice – construct your own investment portfolio according to your risk profile from a range of funds and a choice of currencies including USD, GBP and EUR
  • Greater flexibility – start with a minimum initial single premium of USD 30,000 (or equivalent in other available currencies) and make additional minimum contributions of USD 2,500 at anytime
  • Modify your investment portfolio – switch between investment funds at no extra cost to reflect your changing circumstances
  • Protection for you and your family – the policy provides an enhanced death benefit in the unfortunate event of the death of the life insured within the first five years of the policy being issued
  • Easy access to your investment – choose to take regular withdrawals when you set up your policy or at any time during the life of the policy

Coverage

Here's what you get:

  • Make a single premium payment towards your investment goals.
  • Provide a high level of flexibility allowing you to add additional premiums whenever it suits you.
  • You can start a plan with a minimum initial single premium currently USD30,000 and make further additional contributions of USD2,500 at anytime
  • Provide an enhanced death benefit if the life insured dies within the first five years of the policy.

More benefits:

  • Option for single life, joint life second death, multiple life last death
  • You can make single or additional contributions to your plan at any time
  • Provide a facility to take regular withdrawals and partial surrenders should you choose to.
  • Extensive and comprehensive range of Investment choices

Eligibility

You can apply for a Wealth Accumulation Plan:

  • If you're over 18 years old with no maximum age
  • As an individual, joint, trustees or a company
  • Holding a valid UAE Resident visa
  • If you hold an HSBC account

FAQs

Is the Wealth Accumulation Plan right for me?

It may be right if you:

  • are looking for a simple and flexible way of investing
  • want access to a wide range of funds
  • understand and accept the risks of this type of investment
  • are able to hold the investment for medium to longer term

 

Who can apply?

  • You can own the plan yourself or jointly with someone else
  • Anyone age 18 or over can apply for a Wealth Accumulation Plan. There is no maximum age for plan holders
  • You can insure the life of anyone aged two or over – there is no maximum age
  • Have a valid residence visa in the UAE

 

How flexible is it?

  • If you start your plan with a single contribution of USD35,000
  • You can add additional single contributions at any time of USD2,500

 

Can I take money out?

Yes, you can choose to take money out regularly or by taking one-off withdrawals.

 

How will I know how my Wealth Accumulation Plan is doing?

Zurich will send you a statement twice a year to show the current value of your plan.
You may request up to 12 free valuation statements a year.
You can keep up-to-date with your plan details online through Zurich International online (ZIO) once your plan is issued. To register, please visit www.zurichinternational.com and click on your region (if needed), then click on the `ZIO’ tab.

 

What you might get back?

What you get back depends on the plan value less any reduction for cashing in early. There is no guaranteed amount.

The plan value depends on:

  • how well your investment performs
  • how much you invest
  • how long your money is invested
  • how much money you take out
  • charges
  • General Investment risks

Note:For full details of risks involved, please refer to the Zurich product brochure or speak to your adviser

 

What happens to my Wealth Accumulation Plan if I die?

If the  youngest of the lives insured is aged 60 or less at the start of the plan, if the life insured (or the last of the lives insured) dies within the first five years of taking out the policy, then we will pay out the enhanced death benefit. This is the greater of:

  • 101% of the surrender value of the policy, or
  • the total premiums paid, less any withdrawals taken during the first five years of the policy.

After five years, 101% of the surrender value of the policy is paid.

On the death of the last surviving life insured Zurich will pay out 101% of the plan’s cash-in value on the day Zurich receives satisfactory notification of death to your beneficiaries.

If the plan covers more than one life, Zurich will pay out when they receive satisfactory notification of the deaths of all the lives insured

If the plan is in trust, Zurich will pay out the cash-in value to the trustees or according to their instructions

 

What are the risks involved?

  • The value of your plan can go down and you may get back less than you invested depending on investment performance
  • You may get back less than the amount shown on the illustration if:
    • investment growth is lower than illustrated
    • decrease your contribution
    • you take money out of your plan
  • The level of risk and potential investment performance depend on the funds chosen
  • The value of your plan will be subject to currency fluctuations if you are paying contributions in one currency but selecting to invest in funds based in another currency. Please be mindful that movements between two currencies can be significant
  • If you cash in your plan before the end of the term following any contribution, Zurich will apply a cash-in charge (sometimes referred to as a surrender penalty). This will reduce the amount you get back
  • Your returns may be affected by changes in currency exchange rates

Ready to apply?

Start the process using any of the following options
 

Have us call you


 

Our representative will call you back in 60 minutes* to proceed with your request.


* Our wealth management team is available from Sunday to Thursday, 9:00am to 4:30pm. If your form is submitted outside of these times, we will call you back on the next working day.

 

Zurich's Wealth Accumulation Plan is provided and underwritten by Zurich International Life.

This is only general information and does not constitute an offer to buy or sell an insurance product or service. It is also not intended to provide any insurance or financial advice. A person interested in this product should read and consider the Product Brochures, Product Summary and Benefit illustration in deciding whether to buy this product. You can ask for these documents from any of our Branches.

Buying a life insurance plan is a long-term commitment. An early termination of the plan usually incurs high cost and the surrender value payable (if applicable) may be less than the total premiums paid. The terms & conditions applicable to these products will be of Zurich International Life and the applicant or the plan holder will not hold HSBC responsible for processing, claims or otherwise.

For the avoidance of doubt, HSBC does not provide tax advice and you should seek your own external tax advice in relation to this product.

You are leaving hsbc.ae

This link may allow you to access a non - HSBC website. HSBC Bank Middle East Limited has no control over the linked website and is not liable for your use of it.

You are leaving hsbc.ae

This link may allow you to access a non - HSBC website. HSBC Bank Middle East Limited has no control over the linked website and is not liable for your use of it.

You are leaving hsbc.ae

This link may allow you to access a non - HSBC website. HSBC Bank Middle East Limited has no control over the linked website and is not liable for your use of it.

You are leaving hsbc.ae

This link may allow you to access another HSBC Group website. Please read the terms and conditions of the linked website, which may differ from the terms and conditions of HSBC Bank Middle East Limited website.