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Daily hospital cash insurance compensation, suitable for self-employed persons
Some companies offer premium rebates for hospital cash insurance.
The compensation for two days of hospitalisation has already offset the premium.
Double hospital cash benefit will be provided under specified circumstances
Hospital cash insurance cannot replace medical insurance.
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[Hospital Cash Insurance Comparison 2026] Which of the 11 products is best? When is double compensation available?
Hospital Cash insurance (Hospital Cash) provides cash benefits for insured persons who are hospitalised, helping to ease the financial burden brought about by hospital admission, such as relieving the pressure caused by reduced income. However, with so many Hospital Cash insurance products on the market, which one is better? This time, 10Life compares 11 popular products with you.
Daily hospital cash insurance compensation, suitable for self-employed persons
Regardless of the illness that leads the insured person to hospitalisation, a hospital cash plan pays benefits based on the number of days spent in hospital. Policyholders should therefore note the plan’s stated “daily hospital cash income”, which refers to the cash benefit provided by the insurer when the insured person is admitted to hospital. For example, if the daily hospital cash income is HK$1,000 and the insured person stays in hospital for three days, they will receive HK$3,000 in benefits. Many plans offer more than one income level option, allowing readers to choose an amount according to their individual needs.
Hospital cash can be purchased as a standalone policy and is suitable for employees who rely on a day-to-day income, such as salaried workers paid on a daily basis and slasher workers taking on casual jobs. Hospital cash insurance can provide income protection for them. Of course, it can also be used by others as a source of living expenses.
Some companies offer premium rebates for hospital cash insurance.
For ease of comparison, 10Life has selected 10 hospital cash plans that are closest to a daily hospital cash benefit of HK$1,000, among which 6 plans offer premium rebates. As shown in Table 1, the plans from BOC Life, China Life, FWD and Well Link Life will refund the total premiums paid upon maturity at the end of the specified policy term, regardless of whether the policyholder has made any claims, with rebates of up to 108% of the total premiums paid.
In addition, FWD and Well Link Life offer extra years of cover simply by paying premiums for the specified term. Furthermore, Bupa and MSIG also provide policyholders who have made no claims for each consecutive 3-year period with a refund equivalent to 30% of the premiums paid for each of those 3 years.
The compensation for two days of hospitalisation has already offset the premium.
However, plans that offer a refund of total premiums paid tend to have relatively high premiums, often exceeding HK$10,000. By comparison, non-premium-refund hospital cash plans have annual premiums ranging from HK$900 to over HK$2,100, while the daily hospital cash benefit ranges from HK$1,000 to HK$1,200. In other words, as long as the insured is hospitalised for two days, the premiums have already been recouped.
One point to note is that hospital cash insurance sets a maximum number of days for each illness or injury claim, generally 1,000 days.
Table 1: Comparison of hospital cash insurance premiums and benefit amounts (HKD)
Assuming the insured is a 35-year-old non-smoker, and comparing plans closest to a daily hospital cash benefit of HKD1,000
| Product | Premium (Male) | Premium (Female) | Daily Hospital Cash Income |
Maximum days per injury/illness (days) |
Premium refund |
| Hospital cash plans with premium refund | |||||
| 中銀人壽 全數保費回贈住院現金 計劃2 |
$10,152 | $10,152 | $900 | 1,000 | 10-year coverage period; even if a claim has been made, 101% of total premiums paid will be refunded upon policy maturity. |
| 保柏 保柏住院現金 計劃1 |
$1,888 | $1,888 | $1,000 | 1,000 | If there are no claims for three consecutive years, 30% of the premiums paid for those three years will be refunded. |
| 富衛 樂衛您保費回贈住院保障 計劃H |
$10,333*/ $21,556^ |
$9,889*/ $20,556^ |
$1,000 | 1,000 | Coverage period of 12 / 20 years (while only 6 / 10 years of premiums are payable); even if a claim has been made, 104% (12-year coverage period) / 108% (20-year coverage period) of total premiums paid will be refunded upon policy maturity. |
| 中國人壽 倍守護保費回贈住院現金保障計劃 計劃2 |
$17,844# | $17,844# | $1,000 | 1,000 | Whether or not a claim has been made, a premium refund will be paid at policy maturity, equivalent to 100% of the cumulative premiums due and paid. |
| MSIG NCB 住院現金保障計劃 計劃3 |
$3,726 | $3,726 | $1,000 | 750 | If there have been no claims records within three consecutive years, 30% of the premiums paid will be refunded. |
| 立橋人壽 立安心108保費回贈住院入息保 計劃2 |
$10,030** | $9,929** | $900 | 730 | 10-year coverage period (while only 8 years of premiums are payable); even if a claim has been made, 108% of total premiums paid will be refunded upon policy maturity. |
| Hospital cash plans without premium refund | |||||
| AXA 安盛 真智住院現金保障 特級計劃 |
$1,129 | $1,493 | $1,000 | 1,000 | X |
| 豐隆 住院現金保險 計劃2 |
$2,112 | $2,112 | $1,200 | 730 | X |
| 宏利 住院現金保障（附加保障） |
$1,120 | $1,520 | $1,000 | 1,000 | X |
| MSIG CarePlus 住院現金保險 計劃2 |
$1,084 25% off →Buy Now← |
$1,084 25% off →Buy Now← |
$750 25% off →Buy Now← |
$563 25% off →Buy Now← |
X |
| 永明 住院入息保障 計劃3 |
$900 | $1,240 | $1,000 | 1,000 | X |
|
Notes:
* Annual premium for a 10-year premium payment term #Annual premium for a 5-year premium payment term
^ Annual premium for a 6-year premium payment term 1. Sorted by the first letter of the insurer’s English name 2. Content updated as of 12 November 2025 |
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Double hospital cash benefit will be provided under specified circumstances
If the insured is unfortunately admitted to an intensive care unit, most plans will provide double daily cash compensation. In addition, some plans do not require the insured to be admitted to an intensive care unit; as long as certain specified circumstances arise, such as undergoing a major organ transplant procedure or being hospitalised due to a specified infectious disease or an accident, double hospital cash coverage will be provided. It is also worth noting that some products offer additional benefits, such as surgical expenses, death benefits and accidental death benefits.
Table 2: Comparison of double hospital cash and other benefits under hospital cash insurance policies (HKD)
| Product | Double Hospital Cash Cover | Other benefits |
| Premium rebate hospital cash plans | ||
| 中銀人壽 網上全數保費回贈住院現金 計劃2 |
Not mentioned | Death benefit is 100% of total premiums paid |
| 保柏 保柏住院現金 計劃1 |
1. Admission to intensive care unit (maximum 90 days per illness) 2. Undergoing major organ transplant surgery 3. Hospitalisation due to infection with a specified infectious disease (maximum 30 days per illness)1 |
Emergency accidental outpatient benefit and overseas accidental benefit |
| 富衛 樂衛您保費回贈住院保障 計劃H |
1. Hospitalisation due to accident (benefit period of 90 days) 2. Hospitalisation due to a public transport accident (benefit period of 365 days) 3. Hospitalisation due to an infectious disease (benefit period of 30 days)2 |
1. Death benefit limited to an amount equivalent to 10 times the daily hospital cash benefit and 100% of total premiums paid. If the insured dies as a result of an accident, an additional death benefit equivalent to 100 times the daily hospital cash benefit is provided 2. An additional 12-month outpatient medical service rider is available, including general outpatient, specialist outpatient, Chinese medicine outpatient, physiotherapy and bonesetting treatment |
| 中國人壽 倍守護保費回贈住院現金保障計劃 計劃2 |
1. Admission to intensive care unit (maximum 30 days per illness) 2. Accidental hospitalisation (maximum 90 days per hospitalisation) 3. Hospitalisation due to infection with a specified infectious disease (maximum 30 days per illness) |
1. An extended care allowance is payable for each hospitalisation, up to 2 claims per policy year 2. Death benefit is $10,000 or accumulated premiums due and paid 3. Cancer premium waiver benefit is provided (waiver only for 12 months after diagnosis), limited to one waiver per policy |
| MSIG NCB 住院現金保障計劃 計劃3 |
1. In the event of admission to intensive care unit, or undergoing major organ transplant, or hospital treatment due to severe burns, double cash benefit is payable for up to 100 days 2. In the event of hospital treatment due to injury from a public transport accident, the hospital cash benefit is increased to three times the daily amount, payable for up to 100 days |
Hospital / outpatient surgery expense cover and accidental medical expense cover are provided |
| 立橋人壽 立安心108保費回贈住院入息保 計劃2 |
Admission to intensive care unit (benefit period of 30 days)3 |
1. Death benefit is 150% of total annual premiums paid 2. Additional accidental death benefit is 50% of total annual premiums paid4 |
| Non-premium rebate hospital cash plans | ||
| AXA 安盛 真智住院現金保障 特級計劃 |
Admission to intensive care unit (benefit period of 120 days)5 |
Death benefit is $20,000 |
| 豐隆 住院現金保險 計劃2 |
1. Hospitalisation due to cancer or undergoing major organ transplant (benefit period of 730 days) 2. Admission to intensive care unit (benefit period of 90 days) |
Surgical expense cover |
| 宏利 住院現金保障（附加保障） |
Admission to intensive care unit (benefit period of 90 days) |
1. Death benefit: 10 times the daily hospital cash income amount 2. Accidental death benefit: 20 times the daily hospital cash income amount |
| MSIG CarePlus 住院現金保險 計劃2 |
Admission to intensive care unit (benefit period of 30 days) |
1. Bed attendant allowance: $200 (up to 14 days) 2. Emergency outpatient benefit for accidents: maximum annual benefit of $10,000, maximum per accident of $5,000 3. Overseas accidental injury benefit: overseas accidental hospitalisation and surgery expense cover of $100,000 |
| 永明 住院入息保障 計劃3 |
Not mentioned | Death benefit is $10,000 |
| Notes: 1. During hospitalisation, the insured must remain admitted in the same hospital continuously for 6 hours or more and be charged for room and board. If the insured is hospitalised again for the same cause of illness 90 days after discharge or the last date of treatment (whichever is later), it will be regarded as a separate illness. Major organ transplant surgery means transplant surgery for the heart, lungs, liver, pancreas, kidneys or bone marrow. If hospitalisation is due to mental illness, the total claim days for the daily hospital benefit and intensive care daily benefit combined shall not exceed 90 days per hospitalisation; if hospitalisation is due to any other insured injury or illness, the total claim days for these two benefits combined shall not exceed 1,000 days per hospitalisation. 2. The additional accidental daily hospital cash benefit is in addition to other benefits payable under this policy, and is payable only after the daily hospital cash benefit for that hospitalisation has been paid or becomes payable. Please refer to the product brochure for the insured infectious diseases. 3. Hospitalisation means the insured, upon a doctor's advice, is admitted to hospital as an in-patient for treatment of injury or illness for at least six hours and remains admitted until discharge. Multiple hospitalisations arising from the same or related injury or illness, or its complications, shall be regarded as one hospitalisation if each hospitalisation occurs within 90 days of the previous one. Hospitalisation must be medically necessary. 4. Equivalent to total annual premiums paid means the accumulated total premiums as at the relevant date, calculated on the basis of annual premium, i.e. annual premium divided by twelve and multiplied by the number of months paid. Levy premiums or premiums for any other benefit items, if any, are not included. 5. If hospitalisation is due to mental illness, the total claim days for the daily hospital benefit and intensive care daily benefit combined shall not exceed 90 days per hospitalisation; if hospitalisation is due to any other insured injury or illness, the total claim days for these two benefits combined shall not exceed 1,000 days per hospitalisation. 6. Sorted by the first letter of the insurer’s English name 7. Content updated to 12 November 2025 |
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Hospital cash insurance cannot replace medical insurance.
It must be emphasised that, if you are unfortunately hospitalised due to a major illness, hospital cash benefits may not be sufficient to cover all medical expenses. Therefore, to meet medical costs, it is advisable to choose medical insurance. Unlike hospital cash cover, which pays out on a per-day basis, medical insurance reimburses medical expenses on a reimbursement basis. If you would like to compare medical insurance further, please feel free to use the Insurance Decoder.
Note:
1. The above premium information was updated on 12 November 2025 and does not include the premium levy collected by the Insurance Authority.
2. Last updated on 12 November 2025.
This English version of this article has been generated by machine translation powered by AI. It is provided solely for reference purposes. In the event of any discrepancy or inconsistency between this translation and the original Chinese version, the Chinese version shall prevail.
10Life Editorial Team
Our team of professional content researchers focussing on insurance
10Life Editorial Team
Our team of professional content researchers focussing on insurance
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10Life Product Comparison and 10Life Insurance Ratings are developed by 10Life Financial Limited, an authorised insurance broker company licensed with the Insurance Authority under License Number FB1526. 10Life Product Comparison and 10Life Insurance Ratings are developed for generic customer segments using mathematical calculations based on product information, facts and data, and are not influenced by any partnerships with or fees received from insurance companies. Any information on 10Life Platform ("10Life Information"), including but not limited to Product Comparison, Product Ratings, Blog Articles are intended for general education purpose and reference only. None of the 10Life Information is intended, nor should they be considered or relied upon, as regulated advice, insurance, financial, investment or professional advice, recommendation, approval, endorsement, invitation or solicitation in respect of any insurance, financial or investment products. 10Life Information does not take into account your individual needs. Reading 10Life Information should not be considered as conducting a suitability assessment, and is not sufficient to form the basis of any decisions to purchase any insurance products. You should rely on information authorised by insurance companies, carry out your own research and/or seek independent advice from licensed intermediaries before purchasing any insurance products or making any insurance decisions. While reasonable effort is used when collecting, validating and updating 10Life Information from various channels, none of 10Life Group and its subsidiaries, affiliates, agents, directors, officers and employees will be responsible for any liability, claim or loss arising from or associated with you using 10Life Information. No warranty, representation or guarantee is given by 10Life Group and its subsidiaries on the accuracy, completeness and timeliness of the information. If you have any questions on 10Life Product Comparison and 10Life Insurance Ratings, please email us at enquiries@10life.com
