VHIS Standard Plan

Your existing medical coverage may not be enough to meet rising costs in an already strained public health system.

Our Standard Plan - an individual indemnity hospital insurance plan certified under the Voluntary Health Insurance Scheme (VHIS) - could be just what you need to safeguard yourself against the unexpected while enjoying tax deductions¹.

Vital coverage for your essential healthcare needs

Guaranteed renewal up to age² 100
Claim up to HKD420,000 per policy year for the treatments you need with no lifetime benefit limits
Cover yourself against unknown pre-existing conditions³. Receive partial coverage during a waiting period from the 2^nd policy year and full cover from your 4^th year onwards
Get covered for pre/post-confinement care, day case procedure outpatient care, and local psychiatric treatment
Claim a maximum annual tax deduction⁴ of HKD8,000 for each insured person. For more details, please refer to www.ird.gov.hk

For more details, please refer to the product brochure.

Speak with us

Book an appointment for face-to-face or video-enabled meeting:

Book appointment online This link will open in a new window

HSBC Jade and Premier customers

Contact your Relationship Manager

Or call the VHIS application hotline

(852) 2233 3130

*(Monday to Friday from 11:00am to 7:30pm except public holidays)

HSBC Life Well+

Limited time offers:

Earn up to an extra $6,000 RewardCash!

Pay new policy’s premium to HSBC Life with HSBC Premier Mastercard® Credit Card* to enjoy the offer.

Offer ends 30 June 2022. T&Cs apply.

Earn an Apple Watch or RewardCash

With an eligible plan like HSBC VHIS Standard Plan, you can join HSBC Life Well+, our 24-month wellness reward programme, and earn an Apple Watch⁵ or RewardCash.

-- Apple Watch Series 7 and new SE models are offered here now!

Join now and earn an extra $500 RewardCash!

See details

T&Cs apply.

See how people around you benefit from this plan

Family playing at home; image used for HSBC VHIS Standard Plan

Mark bought a VHIS Standard Plan to have medical coverage for himself, his 35-year-old wife and 6-year-old son, as well as to enjoy tax benefits.

Policyholder and insured person: Mark
Issue age²: 40
Annual benefit limit: HKD420,000
Annual premium: HKD2,995

4 years later, Mark suffers from blocked blood vessels in his heart, which results in breathing difficulties and paralysis in his arm. He is recommended to undergo surgery and remain in the hospital for 3 days. Here's how much it'll cost and how much Mark will be reimbursed for under the VHIS Standard Plan.
Items	Cost (HKD)	Reimbursement under HSBC VHIS Standard Plan (HKD)
Room and board (3 days)	3,180	2,250
Specified medical implants and miscellaneous charges	52,100	14,000 (reached the annual limit)
Attending doctor's visit fee	3,180	2,250
Surgeon’s fee	55,000	25,000 (Category: Major)
Operating theatre charges	25,000	8,750 (35% of surgeon’s fee payable)
Pre- and post-confinement/ Day case procedure outpatient care	1,000	580
Total fees / claimable amount	159,460	66,830 (Claim Ratio 41.9%)
Total non-claimable amount		92,630

4 years later, Mark suffers from blocked blood vessels in his heart, which results in breathing difficulties and paralysis in his arm. He is recommended to undergo surgery and remain in the hospital for 3 days. Here's how much it'll cost and how much Mark will be reimbursed for under the VHIS Standard Plan.
Items	Room and board (3 days)
Cost (HKD)	3,180
Reimbursement under HSBC VHIS Standard Plan (HKD)	2,250

Items	Specified medical implants and miscellaneous charges
Cost (HKD)	52,100
Reimbursement under HSBC VHIS Standard Plan (HKD)	14,000 (reached the annual limit)

Items	Attending doctor's visit fee
Cost (HKD)	3,180
Reimbursement under HSBC VHIS Standard Plan (HKD)	2,250

Items	Surgeon’s fee
Cost (HKD)	55,000
Reimbursement under HSBC VHIS Standard Plan (HKD)	25,000 (Category: Major)

Items	Operating theatre charges
Cost (HKD)	25,000
Reimbursement under HSBC VHIS Standard Plan (HKD)	8,750 (35% of surgeon’s fee payable)

Items	Pre- and post-confinement/ Day case procedure outpatient care
Cost (HKD)	1,000
Reimbursement under HSBC VHIS Standard Plan (HKD)	580

Items	Total fees / claimable amount
Cost (HKD)	159,460
Reimbursement under HSBC VHIS Standard Plan (HKD)	66,830 (Claim Ratio 41.9%)

Items	Total non-claimable amount
Cost (HKD)
Reimbursement under HSBC VHIS Standard Plan (HKD)	92,630

Under the HSBC VHIS Standard Plan, Mark can claim a total of HKD66,830. This eases the serious financial burden he could've faced, so he could concentrate on his recovery instead.

Moreover, Mark might be able to enjoy a tax deduction¹on qualifying premiums for himself and his family each year:
Insured Person	Annual premium paid (HKD) (depending on age/product)	Tax-deductibleAmount (HKD) (capped at HKD8,000 per insured person)	Tax saved (assuming tax rate is 15%⁶)
Mark (Policyholder)	2,995	2,995	449.25
Wife	2,490	2,490	373.50
Son	1,671	1,671	250.65
Total	7,156	7,156	1,073.40

Under the HSBC VHIS Standard Plan, Mark can claim a total of HKD66,830. This eases the serious financial burden he could've faced, so he could concentrate on his recovery instead.

Moreover, Mark might be able to enjoy a tax deduction¹on qualifying premiums for himself and his family each year:
Insured Person	Mark (Policyholder)
Annual premium paid (HKD) (depending on age/product)	2,995
Tax-deductibleAmount (HKD) (capped at HKD8,000 per insured person)	2,995
Tax saved (assuming tax rate is 15%⁶)	449.25

Insured Person	Wife
Annual premium paid (HKD) (depending on age/product)	2,490
Tax-deductibleAmount (HKD) (capped at HKD8,000 per insured person)	2,490
Tax saved (assuming tax rate is 15%⁶)	373.50

Insured Person	Son
Annual premium paid (HKD) (depending on age/product)	1,671
Tax-deductibleAmount (HKD) (capped at HKD8,000 per insured person)	1,671
Tax saved (assuming tax rate is 15%⁶)	250.65

Insured Person	Total
Annual premium paid (HKD) (depending on age/product)	7,156
Tax-deductibleAmount (HKD) (capped at HKD8,000 per insured person)	7,156
Tax saved (assuming tax rate is 15%⁶)	1,073.40

The above example is for illustrative purposes only without discounts. The actual tax saving is subject to review and agreement by the Inland Revenue Department on a case by case basis. You should always consult with a professional tax advisor if in doubt. The above is also subject to item sub-limit, which will be determined by HSBC Life at the discretion on a case by case basis. Please refer to the “Benefit schedule“ section for details.

Find a VHIS plan that meets your need

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Are you eligible?

Applicants need to be aged² between 18 and 80 years
Persons insured must be aged² between 15 days and 80 years

Additional information

Take a closer look at the policy details
Policy summary	Key coverage
Issue age²	15 days to age 80
Policy term	Guaranteed renewable annually up to age² 100 of insured person
Annually benefit limit per policy year (HKD)	420,000
Lifetime Benefit Limit (HKD)	Nil
Geographical limitation	Worldwide⁴

Take a closer look at the policy details
Policy summary	Issue age²
Key coverage	15 days to age 80

Policy summary	Policy term
Key coverage	Guaranteed renewable annually up to age² 100 of insured person

Policy summary	Annually benefit limit per policy year (HKD)
Key coverage	420,000

Policy summary	Lifetime Benefit Limit (HKD)
Key coverage	Nil

Policy summary	Geographical limitation
Key coverage	Worldwide⁴

For details, please refer to product brochure.

Product document

Product Brochure including Standard Premium Schedule This link will open in a new window

Standard Premium Schedule with levy This link will open in a new window

Policy Provisions This link will open in a new window

Other useful information

User Guide This link will open in a new window

Frequently asked questions (FAQs)

Registered VHIS provider: HSBC Life (International) Limited

Type of certified plan: Standard Plan

Name of certified plan: HSBC Voluntary Health Insurance Standard Plan

Certification Number (for applications on or after 29 Mar 2021): S00042-01-000-02

For the provisions with previous Certification Number, please click here.

Start your application

Book an appointment

Book a face-to-face appointment or video-enabled meeting.

Book appointment now This link will open in a new window

Contact us

Call (852) 2233 3130 (Monday to Friday: 11am – 7:30pm, except public holidays)

For HSBC Jade and Premier customers, please contact your Relationship Manager.

Manage your policy

Manage your policy online

Access your policy details anytime, anywhere on both your HSBC HK Mobile Banking app and our Personal Internet Banking webpage, so you can check your benefits, coverage, premium due dates and much more at your fingertips.

Log on to Personal Internet Banking This link will open in a new window

Learn more about managing your policy

Make a claim

Sometimes life doesn’t go according to plan and you’ll want to make an insurance claim as soon as possible.

Simply call our Tele-Consultants at (852) 3128 0122 who will assist you in preparing your relevant claim request(s).

Learn more

¹ Tax deduction eligibility is only applicable to policyholders or his/her spouse who are Hong Kong taxpayers. Tax deduction for the qualifying premiums paid under VHIS policy (not including levy) will be based on the premiums paid after deducting the premium discount (if any). For more information, please refer to www.ird.gov.hk or seek independent tax advice.

² Unless otherwise specified, all ages mentioned on this page refer to the age of the insured person on his or her last birthday.

³ 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.

⁴ Worldwide shall mean no geographical limitation. Except for psychiatric treatment is applicable to Hong Kong only.

⁵ By choosing an Apple Watch as your reward, you will be committing to a 24-month interest-free instalment plan via your HSBC credit card. To borrow or not to borrow? Borrow only if you can repay!

⁶ The standard tax rate for the year of assessment in 2020/21 is 15%.

*To borrow or not to borrow? Borrow only if you can repay!

The HSBC VHIS Standard Plan is not equivalent or similar to any kind of deposit. The VHIS Standard Plan is underwritten by HSBC Life (International) Limited (“HSBC Life”) which is authorised and regulated by the Insurance Authority ("IA") to carry on long-term insurance business in the Hong Kong SAR. Please refer to the product brochure for detailed features and the policy provisions for the detailed terms and conditions.

HSBC Life is incorporated in Bermuda with limited liability, and is one of the HSBC Group's insurance underwriting subsidiaries. The Hongkong and Shanghai Banking Corporation Limited ('HSBC') is registered in accordance with the Insurance Ordinance (Cap. 41 of the Laws of Hong Kong) as an insurance agent authorised by HSBC Life. This product is a product of HSBC Life but not HSBC and it is intended only for sale through HSBC in the Hong Kong SAR. Your benefit is subject to the credit risk of HSBC Life. If the policyholder discontinues and / or surrenders the insurance plan in the early policy years, the amount of the benefit he / she will get back may be considerably less than the amount of the premium he / she has paid. Your premiums paid will form part of HSBC Life's assets. You do not have any rights or ownership over any of those assets. Your recourse is against HSBC Life only.

In respect of an eligible dispute (as defined in the Terms of Reference for the Financial Dispute Resolution Centre in relation to the Financial Dispute Resolution Scheme) arising between HSBC and you out of the selling process or processing of the related transaction, HSBC is required to enter into a Financial Dispute Resolution Scheme process with you; however, any dispute over the contractual terms of the above insurance product should be resolved between HSBC Life and you directly.

Vital coverage for your essential healthcare needs

Speak with us

Or call the VHIS application hotline

Limited time offers:

Earn an Apple Watch or RewardCash

See how people around you benefit from this plan

Let’s look at Mark’s story – a medical surgery case

Find a VHIS plan that meets your need

Are you eligible?

Additional information

See policy details such as policy term, annual benefit limit and more

Start your application

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Manage your policy

Manage your policy online

Make a claim

End Notes

Disclaimer