28th July ‘08 - Life Insurance Company Celebrates 20th Birthday
Posted on Friday, August 01st, 2008 at 3:43pm
HSBC is celebrating 20 years of offering protection such as critical illness cover, decreasing term cover and level term life insurance cover to its customers in the UK.
Although when it began operations in 1988, the life insurance company could count just 50 employees it now boasts staff of 750 and offers life policies to some 850,000 people in the UK.
It once had a single office – in Bristol – but now has working centres in London, Southampton, Bristol and Hyderabad.
Clive Bannister, Managing Director of HSBC’s Group Insurance, commented on the birthday, “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.”
Robert Lang, CEO of HSBC Life said of the life insurance company birthday party, “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.”
