HSBC travel insurance is provided by HSBC Bank Canada, a subsidiary of HSBC Holds Plc. The HSBC Group has around 6,600 offices in 81 countries.

The company offers several commercial services domestically and internationally including travel insurance products. The HSBC Bank Canada head office is in Vancouver.

Advantages

  • An easy to use online quote form
  • Direct payments to hospitals where possible
  • Includes baggage insurance
  • Reduced Family Rate Coverage
  • Possibility of top ups on multi trip coverage policy
  • No deductible

Disadvantages

  • The plans offered by the company have low maximum age limits (60 and 64)
  • There is no special travel insurance plan for students
  • Only 2 travel insurance plans are available
  • Policy documents are difficult to read and full of legalese

HSBC Travel Insurance Plans

HSBC Travel Insurance offers two insurance products: HSBC Multi Trip Insurance and HSBC Single Trip.

Policies and coverage can change at any time, without warning. This article is only intended as general advice. Please check your own policy carefully.

HSBC Single Trip Insurance

This plan covers travellers making a single trip only. Coverage includes emergency medical coverage of up to $2,000,000 per person, trip interruption of up to $5,000 per person and baggage cover of up to $2,000 per family per trip.

HSBC Multi Trip (Annual) Insurance

This plan is intended for travelers making  an unlimited number of trips within a 12 month period. Coverage is provided for up to 10 days per trip. This plan includes emergency medical coverage of up to $2,000,000 per person, trip interruption of up to $5,000 per person and baggage cover of up to $2,000 per family per trip. Top ups for extended travel is possible.

HSBC Travel Insurance Comparison Chart

PlanMedical Insurance CoverageDeductibleTrip Cancellation and InterruptionBaggageAges for which coverage is provided
Single Trip Emergency Medical Plan2 million0Up to 5,000 per personUp to $2,000 per family per trip60 years and below
Annual (Multi-Trip) Emergency Medical Plan2 million0Up to 5,000 per personUp to $2,000 per family per trip64 years and below. Multiple trips of up to 10 days each.

Refunds

You must request all refunds in writing. All amounts are refunded less an administration fee of $25 CAD.

HSBC provides partial refunds on single trip policies if you return before your scheduled return date with proof of early return (e.g., customs or immigration stamp)

You Need to Know

All insurance products sold by the HSBC Insurance Agency are underwritten by the AIG Insurance Company of Canada and administered by Travel Guard.

You must have a valid Canadian government health insurance plan and purchase your insurance before your trip commences.

How to Buy

You can buy HSBC travel insurance by filling out an online quote and purchasing online. You can also make further inquiries by phone at 877 202 3341.

Want to Compare HSBC’s Travel Insurance Rates?

The easiest way to compare Canadian travel insurance rates is to use a comparison website.

Comparison websites, like Kanetix.ca, let you compare quotes for travel insurance from several different companies at once. Type in a few details about your trip, and compare policy coverage and prices to help narrow down your choice. Check out our review of Kanetix.ca.

As always, the information in this post is from one traveller to another and please remember, we are not travel insurance agents. We have spent years abroad and have gotten to know the ins and outs of the industry however, if you have any travel insurance questions, please talk to a qualified travel insurance agent or broker. Finally, always consult your insurance policy since that is the legal document to which you are agreeing to.