Save Smart, Pick Smarter!

They all claim to help you save taxes – but is it more important to save more, or getting the product you need?

FWD’s tax-deductible retirement solution, allows you to enjoy up to HK$68,0001 tax deduction in total.

With Journey Deferred Annuity Plan, you can start receiving deferred monthly annuity payments as soon as age 512, allowing you to flexibly retirement plans!

Single Tax Deduction Case Study

Family Tax Deduction Case Study

  1. Each taxpayer who purchases VHIS Certified Plans for themselves or specified relatives is eligible for annual maximum tax deduction of HKD8,000 per insured. Each taxpayer may apply for a maximum HK$60,000 each year in tax deductions for both Qualifying Deferred Annuity Policy (“QDAP”) and MPF Tax deductible Voluntary Contributions. Actual tax deducted depend on the taxable income and tax rates of the taxpayer. Tax deduction shall be subject to the regulations and policy of the Inland Revenue Department of the Hong Kong Special Administrative Region from time to time. FWD does not provide tax advice. In case of any doubt, you should consult professionals for independent tax advice.
  2. The age of the insured as on his/her next birthday.
  3. This benefit/service is optional and does not form part of the Terms and Benefits of the VHIS Certified Plan – vCore Medical Plan (Certification Number: S00036-01-000-01) & vCare Medical Plan (Certification Number: F00015-01-000-01). You have the right to opt-out this benefit/service. Please inform FWD in writing if you do not want to receive this free additional benefit/service.
  4. CANcierge, Second Medical Opinion Services & International SOS 24-hour Worldwide Assistance Services are provided by third party service provider(s) which are not guaranteed renewable. FWD reserves the right to terminate the service without further notice. For details of the services, please refer to the leaflet of FWD Professional Medical Assistance Services.
  5. 25% equals to the sum of the highest no claims premium discount (15%) and the extra no claims discount (10%).

Journey Deferred Annuity Plan is a Qualified Deferred Annuity Policy certified by the Insurance Authority.

vCore Medical Plan is a Standard Plan certified by the Government under Voluntary Health Insurance Scheme (Certification Number:S00036-01-000-01).

vCare Medical Plan is a Flexi Plan certified by the Government under Voluntary Health Insurance Scheme (Certification Number : F00015-01-000-01).

vCare Supreme Medical Plan is a Flexi Plan certified by the Government under Voluntary Health Insurance Scheme (Certification Number : F00032-01-000-02).

vPrime Medical Plan is a Flexi Plan certified by the Government under Voluntary Health Insurance Scheme (Certification Number: F00045-01-000-01 for Deductible HKD0, F00045-02-000-01 for Deductible HKD16,000, F00045-03- 000-01 for Deductible HKD25,000, F00045-04-000-01 for Deductible HKD50,000).

The above plans are underwritten by FWD Life Insurance Company (Bermuda) Limited (incorporated in Bermuda with limited liability). The features are for indicative only. For the full terms of the policy, please refer to the policy document. For the terms and conditions and the details of the key risks, please refer to the respective FWD website, policy brochure and policy terms.

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Disclaimer: The features above are indicative only. Please refer to the Product Brochure for details. For a complete explanation of the terms and conditions, please call our Service Hotline at +852 3123 3123.


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