HSBC Life UK celebrates 20 year anniversary

This month, HSBC celebrates 20 years of providing life insurance and retirement products and services to millions of people across the UK.

HSBC Life (UK) Ltd was launched in 1988 employing just 50 people. Since then, the business has gone from strength to strength and now, with 750 staff managing its range of financial solutions, it is one of the UK's fastest-growing life and pension providers, serving over 850,000 customers.

HSBC Life (UK) at a glance:

HSBC Life launches in Bristol in 1988 with 50 staff. Since then it has grown to over 750 staff with offices in Southampton, London, Bristol and Hyderabad

Currently has 865,000 customers

HSBC Life was the first pension provider to proactively ‘contract in' its customers to the State Second Pension in 2003

HSBC Life is the first provider to offer an element of death benefit on personal and group pensions
Offers life insurance, group and personal pensions and life investments

Provides products for HSBC Bank, HSBC Private Bank, M&S Money and first direct, aimed at all levels of personal and commercial customers

Its underwriting has been assessed as ‘world-class' by reinsures

Protection claims handling and rehabilitation services for Income Protection claimants have been recognised by the industry, winning a Rehabilitation First Award in 2007

HSBC continues to offer the original level and decreasing term assurance, which was launched 20 years ago

Robert Lang, CEO, HSBC Life, said: "Insurance has come a long way in the UK over the last 20 years and we're delighted to have been able to help so many of our customers with offerings that cater for their changing needs. Our strong product portfolio together with our global resource and in-depth customer knowledge means that we are able to offer customers exactly what they need, when they need it."

Clive Bannister, MD, HSBC Group Insurance said: "Twenty years of a successful life business in the UK marks an important milestone for us as, over the medium term, we seek regulatory approval to roll-out similar businesses in markets around the world."

For more information, visit hsbc.co.uk