You are here: cherry > Press releases for March 2022 > Paradigm Protect first protection club distributor to add HSBC Life to panel

15 March 2022

Paradigm Protect, the directly authorised protection proposition - which is part of Paradigm Mortgage Services, has today (15th March 2022) become the first DA distributor to add HSBC Life to its panel, after a successful pilot

HSBC Life has a selection of short- and long-term protection products for life and critical illness cover, plus it offers clients access to its app-based service, HSBC Life Health Online Services, which provides both expert medical assistance and well-being support.

All HSBC Life protection products offer:

• A streamlined, simple underwriting process which provides an instant decision.
• An efficient, online journey from initial quote to final cover.
• No requirement for calls, medical examinations, tele-interviews or doctor reports.
• On-hand dedicated business development team to support advisers and their businesses.
• A straightforward and efficient claims process.

Established in 1988, HSBC Life has paid £1.5 billion in claims to over 39,000 HSBC customers.

Paradigm Protect members who wish to access HSBC Life’s products can find more details, including how to apply for an agency, by visiting: https://www.life.hsbc.co.uk/advisers/protection-advisers/technical-centre/#doing-business

Mike Allison, Head of Protection at Paradigm, commented:

“We’re very pleased to be able to announce that Paradigm Protect is the first DA distribution club to have access to HSBC Life’s range of protection products. The need for protection has perhaps never been so great, given the harsh reality of what the pandemic has meant for many people’s incomes and jobs. There are no guarantees about what the future might bring and it’s therefore absolutely imperative all advisers make sure they have the protection conversation with every single client. Being able to offer our member firms access to HSBC Life’s products is a major coup and we are looking forward to working with the team there to ensure our advisers utilise all the options available to them and their clients.”

Mike Furniss, Head of Protection Sales at HSBC Life (UK) Ltd, added:

“We are excited to be partnering with Paradigm Protect and look forward to providing its advisers with increased quality protection options for their customers. This partnership is a natural progression for HSBC Life as we continue to offer our protection proposition to a wider customer base, via key strategic partners.”