HSBC launches life in Macau

HSBC is expanding its insurance business in Macau by adding life insurance to its existing general insurance business. The bank's insurance arm, HSBC Life (International), received approval from the Monetary Authority of Macau to operate life insurance business in mid December last year and the registration process was completed at the end of January. HSBC Life is launching two products initially in the market, its Lifetime Protection Plus and Target Protection Plus plans.