HSBC has announced that it will offer both life and non-life insurance products in Japan as part of its new HSBC Premier service that will be launched on January 31, 2008.

HSBC Premier will be launched through the HSBC Group subsidiary, The Hongkong and Shanghai Banking Corporation Limited. HSBC is partnering with insurance providers Alico Japan, AIU Insurance Company and Manulife Life Insurance Company, to distribute four life insurance products and one travel insurance product to HSBC Premier’s customers.

Francois Moreau, managing director and head of personal financial services of The Hongkong and Shanghai Banking Corporation Limited in Japan, said: We are pleased to make these insurance solutions available to our Premier customers as we launch HSBC Premier in Japan. Offering a wide range of relevant insurance products is an integral part of our new wealth management service. We plan to broaden our line-up with more products and services designed to bring customers increased financial security.