Magnetic insulators can be characterized by a gap separating the singlet ground state from the lowest energy triplet, S = 1 excitation. If the gap can be closed by the Zeeman interaction in applied magnetic field, the resulting S = 1 quasiparticles, triplons, can have concentrations sufficient to undergo the Bose-Einstein condensates transition. We consider macroscopic properties of the triplon Bose-Einstein condensates in the Hartree-Fock-Bogoliubov approximation taking into account the anomalous averages. We prove that these averages play the qualitative role in the condensate properties. As a result, we show that with the increase in the external magnetic field at a given temperature, the condensate demonstrates an instability related to the appearance of nonzero phonon damping and a change in the characteristic dependence of the speed of sound on the magnetic field. The calculated magnetic susceptibility diverges when the external magnetic field approaches this instability threshold, providing a tool for the experimental verification of this approach.1 Although connecting this approximation with the name of Popov in the literature is not adequate since Popov never neglected σ-terms (V.N. Popov, Functional Integrals in Quantum Field Theory and Statistical Physics, Reidel, Dordrecht, 1983) we will use the acronym HFP approximation for the historical reasons.