HSBC Life Singapore has launched an indexed universal life ( IUL ) plan designed to provide lifetime income, wealth accumulation, and protection across different life stages.

Called HSBC Life Indexed Flexi Income, the offering takes into consideration longevity and retirement trends in Singapore alongside inter-generational wealth transfer objectives.

Longer lifespans and changing retirement patterns are reshaping how individuals approach financial planning globally. In Singapore, the proportion of citizens aged 65 and above is projected to reach about one in four by 2030, underscoring the growing importance of planning for income sustainability over extended lifetimes.

At the same time, retirement mindsets are evolving. According to the HSBC Quality of Life Report, nearly one in two affluent Singaporeans plan to take at least one “mini retirement” over their lifetime, reflecting a shift away from viewing retirement as a single milestone.

However, confidence in financing these breaks remains lower in Singapore ( 62% ) compared to the global average ( 74% ), reinforcing the need for flexible income solutions that provide financial security and peace of mind as priorities and circumstances evolve.

HSBC Life Indexed Flexi Income plan offers guaranteed lifetime increasing income options that, once activated, continue up to age 120.

The IUL plan allows policyholders to determine when income begins and retain the option to pause or resume payouts as needs evolve across different life stages. It also supports wealth accumulation and legacy objectives through index-linked and succession planning features that can be transferred up to five future generations.

The plan also offers the flexibility to allocate premiums to an index account with access to multiple market indices, or to a general account for consistent, guaranteed returns.