VHIS

FWD VHIS Plan Comparison

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.

"Five Stars" VHIS

vPrime Medical Plan

Full cover# for a series of hospitalisation and surgical expenses, up to HK$16.5 million per Policy Year and without Lifetime Benefit Limit
6 types of deductible# options: The higher the deductible#, the lower the premium
Deductible to be waived for designated crises#, relieving the financial burden of treatment

Product brochure

As low as

HK$

/month*

Product details & Quote

High CP protection

vFamily Medical Plan

Worldwide# full coverage# for a wide range of hospitalisation and surgical expenses
Family Booster for Child Option (Optional Benefit)#: 1 medical plan covers 2 generations with no medical underwriting required and no limit on the number of Covered Children
Innovative cash benefits to give you extra financial support
Extra rewards for staying healthy with no claims premium discount# up to 30%

Product brochure

As low as

HK$

/month*

Product details & Quote

Economical choice

vCare Medical Plan

Annual Benefit Limit of HKD520,000 per Policy Year
Guaranteed Renewable to Age 100 (attained age) of Insured Person
No claims premium discount up to 15% on Renewal premiums

Product brochure

As low as

HK$

/month*

Product details & Quote

vPrime Medical Plan (Certification number: F00045), vFamily Medical Plan (Certification number: F00072) and vCare Medical Plan (Certification number: F00015) are Flexi Plans certified by the Hong Kong Special Administrative Region Government (the “Government”) under the Voluntary Health Insurance Scheme (“VHIS”) is underwritten by FWD Life Insurance Company (Bermuda) Limited (incorporated in Bermuda with limited liability). FWD’s VHIS provider registration number is 00036 (registration effective on 28 February 2019). This eCommerce Platform is operated by FWD Financial Limited ("FWD Financial") (license no: FA2568). FWD Financial is an appointed and licensed insurance agency of FWD Life.
The product information in this website is for reference only and does not contain the full terms and conditions, key product risks and full list of exclusions of the policy. For the details of benefits and key product risks, please refer to the product brochure; and for exact terms and conditions and the full list of exclusions, please refer to the policy provisions of the relevant products.

Why VHIS?

Allow you to enjoy tax savings¹

Covers unknown pre-existing conditions ²

Guaranteed renewal up to age 100³

How are tax deductions calculated?

See an illustrative example

FWD's VHIS 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 VHIS⁴

Traditional health insurance

Eligibility for tax deduction¹

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Covers unknown pre-existing conditions at the time of application²

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Maybe

Covers congenital conditions which are pre-existing conditions²

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Maybe

Policy can be renewed up to age 100³

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Maybe

No Lifetime benefit limit

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Maybe

Covers non-surgical cancer treatments⁵

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Maybe

Covers inpatient psychiatric treatment⁶

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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

Illustrative example of VHIS tax deduction calculation 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 23 November, 2023).

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.

vCare Medical Plan and vPrime Medical Plan 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$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$375

Total

HK$34,600

HK$27,600

HK$4,140

Frequently asked VHIS questions

What is the Voluntary Health Insurance Scheme (VHIS)?

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.

Why do I need VHIS? What’s the benefit?

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.

What is the difference between a general medical insurance plan and the VHIS plan?

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.

If I have already had company medical insurance, why do I still need to purchase VHIS?

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.

What to consider when comparing VHIS Plans?

VHIS provides coverage up to the age of 100 and eligibility for tax deduction. However, different Flexi Plans provide different levels of coverage. Before applying VHIS plan, you can compare the scope and limits of coverage, e.g. rehabilitation and post-surgery care, and check for any no-claim premium discounts etc. A thorough VHIS comparison help you choose a plan tailored to your protection needs.

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