Medical protection with above-market1 claims paid ratio
Key benefits
No limits on lifetime benefits
Claim up to HKD420,000 per policy year with no limits on your lifetime coverage
Wide-ranging care and coverage
Get covered for pre and post-confinement care, day case procedure outpatient care and local psychiatric treatment
Cover for previously unknown conditions
Get partial coverage for unknown pre-existing conditions4 starting from the second policy year, and full coverage from your fourth year onwards
Enjoy tax relief
Get annual tax deductions2 of up to HKD8,000 on qualifying premiums for each insured person
Extra features
- Enjoy Medical Concierge Service5Get assistance from our Medical Concierge Consultant on making medical appointments and handling insurance-related documentation.
How to apply
Eligibility
The HSBC VHIS Standard Plan is a life insurance plan underwritten by HSBC Life (International) Limited ("HSBC Life"). It is not equivalent or similar to bank deposit. Policyholders are subject to HSBC Life's credit risk.
Talk with us
Get personalised support from our Insurance Specialists. Book a face-to-face appointment or meet with us over video.
Or call us on (852) 2233 3130. Lines are open 11:00am to 7:30pm, Mondays to Fridays except public holidays.
HSBC Premier Elite or Premier customer?
Contact your Premier Elite Director or Relationship Manager. HSBC Premier customers can also call us on (852) 2233 3322.
Find out more
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Notes
- "HSBC Life invested 160 million on health technology, reduces medical claims from 5 days to 5 minutes" as released by Sing Tao on 15 May 2023.
- Only policyholders and their spouses who are Hong Kong taxpayers are eligible for tax deduction. Tax deduction for qualifying premiums paid under a VHIS policy (excluding levy) will be based on the premiums paid after deducting the premium discount, if any. Your actual tax savings may be lower than the amount in the example, as each case is determined by the Inland Revenue Department. For more information, please visit www.ird.gov.hk or seek independent tax advice.
- Claims paid ratio is calculated as total claims amount paid divided by total claims amount incurred (after the consideration of any deductible and/or claims amount paid by first insurers for second claims, if applicable) in local currency, of the approved cases in 2022.
- Pre-existing condition(s) shall mean, in respect of the insured person, any sickness, disease, injury, physical, mental or medical condition or physiological degradation, including congenital condition, that has existed prior to the policy issuance date or the policy effective date, whichever is earlier. Unknown pre-existing condition(s) refers to any pre-existing condition(s) that the policy holder and/or insured person was not aware and would not reasonably have been aware of at the time of application. Application is subject to HSBC Life. Please refer to the policy provisions for the full terms and conditions.
- Medical Concierge Service is not a part of the policy in respect of HSBC VHIS. For more details, please refer to the detailed terms and conditions.
- The age refers to the age you were on your last birthday.
- Worldwide shall mean no geographical limitation, except for psychiatric treatment which is applicable to Hong Kong only.
- Eligible expenses incurred in other areas worldwide shall be covered according to the VHIS Standard Plan terms and benefits. Greater China shall mean mainland China, Hong Kong, Macau and Taiwan. Asia shall mean Afghanistan, Bangladesh, Bhutan, Brunei, Greater China, India, Indonesia, Japan, Kazakhstan, Kyrgyzstan, Laos, Malaysia, Maldives, Mongolia, Myanmar, Nepal, Philippines, Singapore, South Korea, Tajikistan, Thailand, Timor-Leste, Turkmenistan, Uzbekistan and Vietnam. Worldwide shall mean no geographical limitation, except for psychiatric treatment and cash benefit for lower ward classes which are applicable to Hong Kong only. Please refer to the additional benefit provisions endorsement for more details.
- The total premiums paid refers to the total amount of premiums due and paid for the basic plan as of the policy termination date, subject to the terms of the policy. It is for the calculation of the death benefit and net cash value. It excludes any aggregate premium balance and non-guaranteed interest accumulated under the policy unless and until such part of the premium is actually due and paid on that date.
- Full coverage refers to the actual amount of eligible expenses and other expenses that are charged and payable per the terms and benefits of this policy.
- The maximum tax deduction amount is calculated based on the assumption that a taxpayer paying a total of HKD60,000 of premiums under the qualifying deferred annuity policy (QDAP) and HKD8,000 of premiums under the voluntary health insurance scheme (VHIS) policy after deducting all premium discounts (not including levy on both premiums) during the relevant year of assessment. The actual tax saving may be lower than the illustrated amount and will be subject to review and agreement by the Inland Revenue Department.