VHIS Standard Plan |VHIS Standard Plan | Voluntary Health Insurance Scheme

Get medical protection that offers tax relief

Safeguard yourself with guaranteed policy renewals and no limits on lifetime benefits, all while enjoying tax deductions¹.

What's best for your insurance needs? Get tailored guidance from our Insurance Specialists today.

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Key benefits

No limits on lifetime benefits

Claim up to HKD420,000 per policy year with no limits on your lifetime coverage

Wide-ranging care and coverage

Get covered for pre and post-confinement care, day case procedure outpatient care and local psychiatric treatment

Cover for previously unknown conditions

Get partial coverage for unknown pre-existing conditions² starting from the second policy year, and full coverage from your fourth year onwards

Enjoy tax relief

Get annual tax deductions¹ of up to HKD8,000 on qualifying premiums for each insured person

Limited time offers

Use your HSBC Premier Mastercard® credit card to pay the premium³ for your new policy and earn up to HKD6,000 RewardCash. Offer ends 30 June 2022. T&Cs apply.

How to apply

Eligibility

To apply for our VHIS Standard Plan, you'll need to meet these requirements:

the policyholder is aged⁴ between 18 and 80 years
the insured person is aged⁴ between 15 days and 80 years

The HSBC VHIS Standard Plan is a life insurance plan underwritten by HSBC Life (International) Limited ("HSBC Life"). It is not equivalent or similar to bank deposit. Policyholders are subject to HSBC Life's credit risk.

Useful documents

Talk with us

Get personalised support from our Insurance Specialists. Book a face-to-face appointment or meet with us over video.

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Or call us on (852) 2233 3130. Lines are open 11:00am to 7:30pm, Mondays to Fridays except public holidays.

HSBC Jade or Premier customer?

Contact your Jade Director or Relationship Manager. HSBC Premier customers can also call us on (852) 2233 3322.

Find out more

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 see policy provisions on our Insurance Forms and Documents page.

Here are the policy details:
Policy summary	Key coverage
Issue age⁴	15 days to age 80
Policy term	Guaranteed renewable annually up to age⁴100 of insured person
Annual benefit limit per policy year (HKD)	420,000
Lifetime benefit limit (HKD)	Nil
Geographical limitation	Worldwide⁵

Here are the policy details:
Policy summary	Issue age⁴
Key coverage	15 days to age 80

Policy summary	Policy term
Key coverage	Guaranteed renewable annually up to age⁴100 of insured person

Policy summary	Annual 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	Worldwide⁵

Here is an overview of the two plans we offer:
Policy summary	HSBC VHIS Standard Plan	HSBC VHIS Flexi Plan
Issue age⁴	15 days to 80 years	15 days to 80 years
Policy term	Guaranteed renewable annually for the insured person up to age⁴ 100	Guaranteed renewable annually for the insured person up to age⁴ 100
Annual benefit limit per policy year (HKD)	420,000	Bronze: 5,000,000 Silver: 25,000,000 Gold: 30,000,000 Diamond: 40,000,000
Lifetime benefit limit (HKD)	Nil	Bronze: 20,000,000 Silver / Gold / Diamond: Nil
Annual deductible (HKD)	N/A	Nil / 16,000 / 50,000 / 100,000
Payment mode	Annually	Annually or monthly
Geographical limit⁶	Worldwide⁵	Bronze: Greater China Silver / Gold: Asia, Australia and New Zealand Diamond: Worldwide⁵
Ward class	No restrictions	Bronze: General ward Silver: Semi-private room Gold / Diamond: Standard private room

Here is an overview of the two plans we offer:
Policy summary	Issue age⁴
HSBC VHIS Standard Plan	15 days to 80 years
HSBC VHIS Flexi Plan	15 days to 80 years

Policy summary	Policy term
HSBC VHIS Standard Plan	Guaranteed renewable annually for the insured person up to age⁴ 100
HSBC VHIS Flexi Plan	Guaranteed renewable annually for the insured person up to age⁴ 100

Policy summary	Annual benefit limit per policy year (HKD)
HSBC VHIS Standard Plan	420,000
HSBC VHIS Flexi Plan	Bronze: 5,000,000 Silver: 25,000,000 Gold: 30,000,000 Diamond: 40,000,000

Policy summary	Lifetime benefit limit (HKD)
HSBC VHIS Standard Plan	Nil
HSBC VHIS Flexi Plan	Bronze: 20,000,000 Silver / Gold / Diamond: Nil

Policy summary	Annual deductible (HKD)
HSBC VHIS Standard Plan	N/A
HSBC VHIS Flexi Plan	Nil / 16,000 / 50,000 / 100,000

Policy summary	Payment mode
HSBC VHIS Standard Plan	Annually
HSBC VHIS Flexi Plan	Annually or monthly

Policy summary	Geographical limit⁶
HSBC VHIS Standard Plan	Worldwide⁵
HSBC VHIS Flexi Plan	Bronze: Greater China Silver / Gold: Asia, Australia and New Zealand Diamond: Worldwide⁵

Policy summary	Ward class
HSBC VHIS Standard Plan	No restrictions
HSBC VHIS Flexi Plan	Bronze: General ward Silver: Semi-private room Gold / Diamond: Standard private room

You can also view the policy summary and benefits comparison tables of both plans for more details.

Yes. As in the case of all medically necessary treatments, eligible expenses on the treatments of COVID-19 infection as well as the adverse reactions to COVID-19 vaccinations (including expenses incurred for hospitalisation, day case procedures and prescribed diagnostic imaging tests in Hong Kong and elsewhere in the world) are covered according to the benefit schedule of your VHIS Plan.

Notes

Only policyholders and their spouses who are Hong Kong taxpayers are eligible for tax deduction. Tax deduction for qualifying premiums paid under a VHIS policy (excluding levy) will be based on the premiums paid after deducting the premium discount, if any. Your actual tax savings may be lower than the amount in the example, as each case is determined by the Inland Revenue Department. For more information, please visit www.ird.gov.hk or seek independent tax advice.
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.
To borrow or not to borrow? Borrow only if you can repay!
The age refers to the age you were on your last birthday.
Worldwide shall mean no geographical limitation, except for psychiatric treatment which is applicable to Hong Kong only.
Eligible expenses incurred in other areas worldwide shall be covered according to the VHIS Standard Plan terms and benefits. Greater China shall mean mainland China, Hong Kong, Macau and Taiwan. Asia shall mean Afghanistan, Bangladesh, Bhutan, Brunei, Greater China, India, Indonesia, Japan, Kazakhstan, Kyrgyzstan, Laos, Malaysia, Maldives, Mongolia, Myanmar, Nepal, Philippines, Singapore, South Korea, Tajikistan, Thailand, Timor-Leste, Turkmenistan, Uzbekistan and Vietnam. Worldwide shall mean no geographical limitation, except for psychiatric treatment and cash benefit for lower ward classes which are applicable to Hong Kong only. Please refer to the additional benefit provisions endorsement for more details.

The HSBC VHIS Standard Plan is a life insurance plan 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. It is not a bank deposit or bank savings plan. 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 agency of HSBC Life for the distribution of life insurance products in the Hong Kong Special Administrative Region. This product is a product of HSBC Life but not HSBC and it is intended only for sale in the Hong Kong SAR. Your benefit is subject to the credit risk of HSBC Life. 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.

HSBC VHIS Standard Plan