FWD Voluntary Health Insurance Scheme (VHIS) Certified Plans

With our VHIS certified plans, you’ll get the cover you need. Our VHIS certified plans cover a range of hospitalisation and surgical expenses and premiums paid are eligible for tax deduction¹.

Why VHIS?

Covers unknown pre-existing conditions 10

Guaranteed renewal up to age 1009

Allow you to enjoy tax savings1

How are tax deductions calculated?

FWD's VHIS¹² VS traditional health insurance

The information is subject to the terms and conditions of the plan(s).
For the full terms, conditions, benefits and exclusions, please refer to the Policy provisions.
FWD's VHIS¹²
Traditional health insurance

Policy can be renewed up to age 100⁹

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No Lifetime benefit limit

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Covers unknown pre-existing conditions¹⁰

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Covers non-surgical cancer treatments⁶

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Maybe

Covers inpatient psychiatric treatment¹¹

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Maybe

Covers congenital conditions which are pre-existing conditions¹⁰ that have manifested or been diagnosed since the age of 8

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Maybe

Covers day case procedures

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Maybe

Covers diagnostic imaging tests⁷ (CT, MRI and PET scans)

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Maybe

Tax savings¹

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Illustrative example on how tax deductions are calculated

^ As from the year of assessment 2018/19, the standard tax rate is 15% and the marginal rates are 2%, 6%, 10%, 14% and 17%.
Source: Government (information updated as of 40 April, 2022).

Note: The above figures are for illustrative and example purposes only. The actual amount of tax savings may be different from the amount illustrated above depending on individual tax assessment and circumstances. FWD does not provide tax advice. In case of any doubt, you should consult professionals for independent tax advice.

vCore, vCare, vCare Supreme and vPrime are underwritten by FWD Life Insurance Company (Bermuda) Limited (incorporated in Bermuda with limited liability) ("FWD Life/ FWD"). This eCommerce Platform is operated by FWD Financial Limited ("FWD Financial"). FWD Financial is an appointed and licensed insurance agency of FWD Life.

The example assumes a taxpayer buys a VHIS plan for themselves and their specified relatives.
Insured person
Annual Premium Paid
Depending on age/product
Tax-deductible Amount
Capped at HK$8,000 per insured person
Amount of Tax Saved
Assuming Tax Rate of 15% ^

Taxpayer
HK$5,000
HK$5,000
HK$750
Spouse
HK$11,000
HK$8,000
HK$1,200
Father
HK$12,000
HK$8,000
HK$1,200
Mother
HK$11,000
HK$8,000
HK$1,200
Child
HK$2,500
HK$2,500
HK$375
Total
HK$34,600
HK$27,600
HK$4,140

Frequently asked questions

The Voluntary Health Insurance Scheme (VHIS) is a policy initiative introduced by Government. VHIS products are individual indemnity hospital insurance products complied with the minimum requirements set out by Government. It aims to enhance the protection level of individual indemnity hospital insurance products, provide the public with an additional choice of using private healthcare services through individual indemnity hospital insurance, and relieve the pressure on the public healthcare system in the long run.
Purchasing medical insurance early can give you the support of hospitalization and surgical medical expenses. One of the benefits of choosing VHIS Plan is that the plan can cover unknown pre-existing conditions (subject to the waiting period under the policy terms and conditions of the plan) with guaranteed renewal up to the age of 100 (attained age), and enjoy greater protection and transparency with standardised policy terms and conditions with minimum benefit coverage and benefit amounts under the Government regulation.
Standard Plan benchmarks the minimum complying requirements of VHIS. As the policy terms and benefits of Standard Plan are standardised, the Standard Plans offered by different insurance companies will be virtually the same (except for very limited minor allowable variations).

Flexi Plans offer basic protection equivalent to Standard Plan coverage, plus a flexible top-up protection such as higher benefit amounts and wider benefit coverage, which vary from plan to plan and company to company.

The terms and conditions of general medical insurance plans vary according to insurers. While VHIS plans are certified by the Government and must meet the standard product features to enhance consumer protection and provide chance for applying tax deductions.
In general, the group medical insurance only provides outpatient and hospitalization coverage. VHIS is an individual medical insurance, which can provide coverage that are not covered in group medical insurance, and the premiums of VHIS are possible to be tax-deductible. In addition, VHIS can protect you from losing medical protection due to resignation, change jobs, or enter the retirement stage.

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