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

Live long and reassured

You'll enjoy guaranteed renewal up to age² 100.
Enjoy life, with no lifetime benefit limits

Claim up to HKD420,000 per policy year for the treatments you need. Your limits will be refreshed at the start of each policy year, and there's no limit to your lifetime benefits.
Cover yourself against unknown pre-existing conditions

You'll be covered against unknown pre-existing conditions³. You may receive partial coverage during a waiting period from the 2nd policy year and full cover of eligible expenses from your 4th year onwards.
Get covered for core hospital expenses

You'll be reimbursed on eligible expenses for inpatient and day-case procedures, prescribed diagnostic imaging tests, prescribed non-surgical cancer treatment, and outpatient care before and after confinement or day-case procedure.
Claim tax deductions

If you or your spouse is a taxpayer and the policyholder, you're entitled to a maximum annual deduction¹ of HKD8,000 in qualifying premiums for each insured person paid during each year of assessment. For more details, please refer to www.ird.gov.hk or seek independent tax advice.

For more details, please refer to the product brochure.

【Special Benefits for COVID-19】
We promise to help protect you and your family in times of need. Because of the COVID-19 outbreak, we’re extending a complimentary special benefit to existing and new policyholders, as well as their partners and children. There are no limitations or special requirements on age or premium amount. See benefits details>

Speak with us

HSBC One and other HSBC customers

Book a video-enabled meeting or face-to-face meeting with an Insurance Specialist

Book online
Call the VHIS application hotline at (852) 2233 3130

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

HSBC Jade and Premier customers

Contact your Relationship Manager

Claim tax deductions up to HKD68,000

Double your protection with an HSBC deferred annuity plan and a VHIS Plan, together you can enjoy a potential tax savings of up to HKD68,000⁴ annually! Learn more

Limited Time offers:

Earn up to $500 extra RewardCash!

Simply pay the premium for a new HSBC Life policy with your HSBC Premier Mastercard to enjoy this offer.

Offer ends 31 December 2020. T&C apply.

See how people around you are being protected

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

Mark is a 40-year old architect. He has a 35-year old wife and a 6-year old son. He leads a pretty stressful life and wants to protect his family and himself against the unexpected. So he bought an HSBC VHIS Standard Plan for himself, his wife and son. It'll also let him enjoy tax benefits.

Policyholder and insured person: Mark

Age at issuance²: 40

Annual benefit limit: HKD420,000

Annual premium: HKD2,995

Four years after insuring himself, Mark is suffering from a blocked blood vessel in his heart, resulting in breathing difficulties and paralysis in his arm. His doctor has recommended that he undergo surgery and remain in the hospital for 3 days. Here's how much it'll cost and how much Mark can 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	20,000	14,000 (30% coinsurance)
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

Four years after insuring himself, Mark is suffering from a blocked blood vessel in his heart, resulting in breathing difficulties and paralysis in his arm. His doctor has recommended that he undergo surgery and remain in the hospital for 3 days. Here's how much it'll cost and how much Mark can 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)	20,000
Reimbursement under HSBC VHIS Standard Plan (HKD)	14,000 (30% coinsurance)

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-deductible ¹Amount (HKD) (capped at HKD8,000 per insured person)	*Tax saved (assuming tax rate is 15%)**
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-deductible ¹Amount (HKD) (capped at HKD8,000 per insured person)	2,995
*Tax saved (assuming tax rate is 15%)**	449.25

Insured Person	Wife
Annual premium paid (HKD) (depending on age/product)	2,490
Tax-deductible ¹Amount (HKD) (capped at HKD8,000 per insured person)	2,490
*Tax saved (assuming tax rate is 15%)**	373.50

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

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

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

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

Download Transcript This link will open in a new window

Standard plan VS Flexi plan

Are you eligible to apply?

To apply for a VHIS Standard Plan as a policyholder, you'll need to be aged² between 18 and 80.

Persons insured under an HSBC VHIS Plan must be aged² between 15 days and 80 years.

Related information

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

User Guide This link will open in a new window

Policy Provisions This link will open in a new window

Frequently asked questions (FAQs)

To learn more about Standard Premium Schedule including levy, please click here.

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: S00042-01-000-01

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. But we're here to help.

To make an insurance claim, simply call our Tele-Consultants who will help you with it.

Diamond level: (852) 2894 4798
Bronze / Silver / Gold levels: (852) 2894 4780

You can also find the claim forms you may need here.

See claim forms

Remark

¹Tax 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.

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

³Pre-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 the earlier. An ordinary prudent person shall be reasonably aware of a pre-existing condition, where - (a) it has been diagnosed; (b) it has manifested clear and distinct signs or symptoms; or (c) medical advice or treatment has been sought, recommended or received. The HSBC Life may impose case-based exclusion(s) to the pre-existing condition(s) notified to HSBC Life in the application for the plan and any subsequent information or document submitted to HSBC Life for the purpose of the application. 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. Please refer to the policy provisions for the full terms and conditions.

⁴The above is the aggregate maximum tax-deductible limit for the two premiums, assuming a taxpayer has qualifying deferred annuity premium of HKD60,000 and a VHIS annual premium of HKD8,000 per tax assessment year (both not including levy). The actual tax deductible amount may be lower than the illustrated amount, and will depend on the discretion of the Inland Revenue Department.

The HSBC VHIS Standard Plan is not equivalent or similar to any kind of deposit. HSBC VHIS Plans are underwritten by HSBC Life (International) Limited which is authorised and regulated by the Insurance Authority (IA) of the Hong Kong SAR, and is intended only for sale in the Hong Kong SAR. The Hongkong and Shanghai Banking Corporation Limited ('HSBC') is an insurance agent authorised by HSBC Life (International) Limited ('HSBC Life'). You will be subject to the credit risk of HSBC Life and your premiums paid will form part of HSBC Life’s assets. You do not have any rights or ownership over any of these assets. Your recourse is against HSBC Life only.

For monetary disputes arising between HSBC and you out of the selling process or processing of the related transaction, HSBC will enter into a Financial Dispute Resolution Scheme process with you; however any dispute over the contractual terms of the product should be resolved between HSBC Life and you directly.

HSBC Life (International) Limited is incorporated in Bermuda with limited liability, and is one of the HSBC Group's insurance underwriting subsidiaries.

Please refer to the respective product brochure for detailed features and the policy provisions for the detailed terms and conditions.

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.