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UHNWI takes out Guinness record-breaking US$250m HSBC Life policy

HSBC Life has issued a US$250m life insurance policy to an UHNW, breaking the Guinness Wold Record for the most valuable policy ever sold. The policy, issued and fully underwritten by HSBC Life, was taken out earlier this year by an UHNW customer, the company said on Thursday. The bank added that the contract is an HSBC Life Paramount Global…

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