VHIS Full Coverage plans getting better with Annual Limits reaching record highs (Chinese Article)
政府去年推出自願醫保，為標準計劃設定劃一的條款，增加市場透明度。但自願醫保標準計劃只是醫保的最低要求 ... >>
09/10/2020
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Medical Insurance mainly covers the hospitalisation costs incurred on a cost reimbursement basis. The policy is renewed annually with premium based on attained age of the insured. Most products have coverage limits on certain cost categories, while some products are based on “full coverage” structure. We compare the products based on the coverage ratios under different common medical scenarios, the medical expenses of which are adjusted accordingly based on the room type (ward/ semi-private room) admitted at a Hong Kong private hospital.
We found Mass Market Medical Insurance product(s) matching your selected filters.
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FWD | vCANsurance Medical Plan (Standard)
10.0/10
Estimated Medical Coverage is the estimated average coverage ratio of selected hospitalisation cases with different severity levels and required medical services. Details
Estimated Average Coverage : 100.0%
Based on the estimated coverage of 12 common cases, 10Life calculated the average which is the estimated average coverage of a medical insurance product. Details
First Year Premium : $5,113 $2,983#
Avg. Premium : $5,401
Limited Offer
Enjoy up to 6-month premium discount by applying with annual premium payment mode
Product Highlights
- Worldwide full coverage Provides full coverage on a wide range of hospitalisation expenses so you wouldn’t have to worry about having too many itemised benefit limits
- Innovative reimbursement basis with limits reset per Disability per Policy Year You can utilise your coverage by having the limits of individual benefit items and the aggregate limit per Disability per Policy Year counted afresh for each Disability or in each Policy Year
- Covers unknown Pre-existing Conditions starting from the 31st day of the first Poicy Year It also covers Congenital Condition having manifested or been diagnosed at any age the Insured Person attains starting from the 31st day of the first Policy Year
- Get rewards by staying healthy with your family Enjoys individual and extra no claims premium discount of up to 25%
The above product information does not contain the full terms and benefits of the policy, exclusions and key product risks. For the full terms, benefits, exclusions and key product risks, please refer to the relevant policy provisions and product brochure.
Promotion offer
- Up to 6-month premium discount Customers may enjoy a 5-month premium discount by applying with annual premium payment mode within the promotion period. If customer applies for FWD designated VHIS Plan(s) for his/her specified relative(s) at the same time, each eligible policy will be entitled to an extra 1-month premium discount in the 1st policy year.
Only applicable for successful application falling within the period from 1 April 2021 to 30 June 2021 (both dates inclusive) and policies must be issued on or before 31 July 2021. # Premium is calculated after 5-month premium discount for the first year premium.
Relevant Information
*Terms and conditions apply. Please refer to the promotional flyer, product leaflet and policy provisions for details.
**Applicant can apply a tax deduction for the premium actually paid. Any premium refund or premium discount is ineligible for tax deduction. Further information on tax concessions applicable to VHIS may be found in IRD’s website at www.ird.gov.hk/en.
***vCANsurance Medical Plan is underwritten by FWD Life Insurance Company (Bermuda) Limited, a company incorporated in Bermuda with limited liability (“FWD”).
FWD | CANsurance Full Medical Plan Standard
10.0/10
Estimated Medical Coverage is the estimated average coverage ratio of selected hospitalisation cases with different severity levels and required medical services. Details
Estimated Average Coverage : 99.6%
Based on the estimated coverage of 12 common cases, 10Life calculated the average which is the estimated average coverage of a medical insurance product. Details
First Year Premium : $4,431
Avg. Premium : $4,786
AXA | AXA WiseGuard Pro Medical Insurance Plan (Regular)
10.0/10
Estimated Medical Coverage is the estimated average coverage ratio of selected hospitalisation cases with different severity levels and required medical services. Details
Estimated Average Coverage : 99.6%
Based on the estimated coverage of 12 common cases, 10Life calculated the average which is the estimated average coverage of a medical insurance product. Details
First Year Premium : $8,324
Avg. Premium : $9,597
Limited offer
Once you successfully apply for any new designated basic plan / supplement1 and satisfy other applicable requirements2, you may enjoy 6 months’ premium refund3, 4, 5!
Product Highlights
- Full cover for hospitalisation and surgical benefits^
- Full cover for prescribed non-surgical cancer treatments and outpatient kidney dialysis
- No waiting period for unknown pre-existing conditions
- No claim discount up to 15%
- Free second medical opinion
^Full cover shall mean the actual amount of eligible expenses charged after deducting the remaining deductible (if any), and is subject to the annual benefit limit, lifetime benefit limit and other conditions. Psychiatric treatments and medical implants are excluded from full cover benefit. Further details of the terms, conditions, exclusions and limitations are provided in the policy contract.
Promotion offer
- From 1 April 2021 to 30 June 2021, once you successfully apply for any new designated basic plan / supplement1 and satisfy other applicable requirements2, you may enjoy 6 months’ premium refund3, 4, 5!
Relevant Information
Please click here to browse Promotional webpage from the insurance company. Terms and Conditions
- For product details of the designated basic plans and / or supplements (if applicable), please refer to the relevant proposals, product brochures and policy contracts.
- The premium refund under this Promotion is only applicable if the following requirements are satisfied:
a. Customers successfully submit the applications for basic plan / supplement of the designated health and protection products (“Designated Health and Protection Products”) during the Promotion Period;
b. Such basic plan / supplement must be successfully issued / have its effective date commenced during the period from 1 April 2021 to 31 July 2021, both dates inclusive; and
c. Annual payment mode must be selected for such basic plan / supplement before any of the premium refund is released. (The Designated Health and Production Products satisfying clause 2 above is hereinafter referred to as "Eligible Basic Plan/Eligible Supplement") - Each Eligible Basic Plan / Eligible Supplement may be entitled to a premium refund of 6 months’ premium into the future premium deposit account, the amount of which is equivalent to 50% of the annualised first year premium (“AFYP”) of the relevant Eligible Basic Plan / Eligible Supplement. The premium refund will be given out in 2 batches according to the schedule below:
- Batch of Premium Refund: 1
Premium Refund on Each Eligible Basic Plan/Eligible Supplement: 3 months
Release Schedule for Premium Refund: In the 10th month from the issuance of the Eligible Basic Plan / Eligible Supplement
- Batch of Premium Refund: 2 Premium Refund on Each Eligible Basic Plan/Eligible Supplement: 3 months
Release Schedule for Premium Refund: In the 22nd month from the issuance of the Eligible Basic Plan / Eligible Supplement - Each batch of 3 months’ premium refund is equivalent to 25% of the AFYP of the relevant Eligible Basic Plan / Eligible Supplement. Policy owners of the Eligible Basic Plan / Eligible Supplement will receive a notification letter by mail according to the release schedule for premium refund stated above. The notification letter(s) will set out the details of the premium refund on and in accordance with following conditions:
a. The amount of the 2 batches of premium refunds will be applied to the premium payments of the second policy year or onwards as AXA deems appropriate;
b. The AFYP is determined based on the benefit level / sum insured of the policy as at the time relevant batch of premium refund is credited into future premium deposit account;
c. If you have changed the benefit level/ sum insured of the Eligible Basic Plan / Eligible Supplement after policy issuance, the AFYP applied will not be equivalent to the actual amount of total premiums you paid for the first policy year. AFYP will be re-calculated based on the benefit level/ sum insured of Eligible Basic Plan / Eligible Supplement as at the time of respective batch of premium refund;
d. The amount of AFYP is calculated by adding the standard premium and premium loading imposed due to underwriting (if any) of the policy. Levy will not be included in the calculation;
e. The calculation of AFYP and premium refund shall be rounded up to the nearest 2 decimal places according to the policy currency (based on the AXA’s conversion table, if applicable) of the Eligible Basic Plan / Eligible Supplement; and Conversion Table – Exchange rate of foreign currencies against HKD (USD1 = HKD8.0); f. The Eligible Basic Plan / Eligible Supplement must be in force at the time of the premium is refunded and all premiums due since policy effective date must be fully paid in order to be entitled to relevant batch of premium refund. If Eligible Basic Plan / Eligible Supplement shall terminate for whatever reasons before/ after the premium refund is fully applied on the policy, any portion of such premium refund not yet applied, and / or the respective batch of premium refund will be forfeited and cannot be withdrawn or transferred. - The premium refund will not be applicable to customers who has purchased the designated basic plan / supplement before the Promotion Period but subsequently cancelled such basic plan / supplement during its cooling off period and then re-applied for the same Designated Health and Protection Products during the Promotion Period.
- For details, please refer to the relevant terms and conditions stated in the promotion leaflet.
HSBC Life | HSBC Voluntary Health Insurance Flexi Plan Bronze
10.0/10
Estimated Medical Coverage is the estimated average coverage ratio of selected hospitalisation cases with different severity levels and required medical services. Details
Estimated Average Coverage : 99.6%
Based on the estimated coverage of 12 common cases, 10Life calculated the average which is the estimated average coverage of a medical insurance product. Details
First Year Premium : $9,172
Avg. Premium : $10,784
3x limited offers
Get up to 25% discount off on your 1st year premium upon successful enrolment in the VHIS Flexi Plan, plus other limited offers when you apply
Product Highlights
- Cover yourself against unknown pre-existing conditions
- Fully covered* for hospitalisation and surgical fees without any sub-limits in event you need medical care
- Surgical and non-surgical cancer treatment expenses are both covered
- Ease your worries with cashless arrangements
- Rest easy with home nursing services
- 4 different plans, 3 geographical coverage and 4 annual deductible options
- No-claim discount benefit
- Claim tax deductions up to HK$8,000
* Full coverage shall mean the actual amount of eligible expenses and other expenses charged and payable subject to annual benefit limit, lifetime benefit limit, and other related conditions. The claim must be medically necessary and the cost must also be reasonable.
Promotion offer
Offer 1: Earn up to an extra $3,000 RewardCash! Pay new policy’s premium to HSBC Life with HSBC Premier Mastercard® Credit Card* to enjoy the offer. Offer ends 30 June 2021. Offer 2: Enjoy one-year premium waiver Eligible customers can get a first year premium waiver on our prescribed HSBC VHIS Flexi Plan when applying for any selected life insurance plan with designated annual premium amount (applicable to annual payment policy only). Offer ends 30 June 2021. Offer 3: Get up to 25% off your first-year premium Apply now to enjoy one of the following offers, • Enjoy 15% off your first year premium when applying for HSBC VHIS Flexi plan upon opening a new bank account or upgrading your current HSBC bank account. Offer ends 30 June 2021. • Enjoy 10% off your first year premium when applying for HSBC VHIS Flexi plan and any HSBC qualifying deferred annuity plan together. Offer ends 30 June 2021. Moreover, family members apply HSBC VHIS Flexi plan together can enjoy 10% discount on first year premium. *Terms and conditions apply to promotions listed above. Please refer to https://www.hsbc.com.hk/vhis-flexi for details.
Relevant information
* Terms and conditions apply. Please refer to the product brochure and product provision on HSBC website for details.
FWD | CANsurance Full Medical Plan Economy
9.8/10
Estimated Medical Coverage is the estimated average coverage ratio of selected hospitalisation cases with different severity levels and required medical services. Details
Estimated Average Coverage : 97.7%
Based on the estimated coverage of 12 common cases, 10Life calculated the average which is the estimated average coverage of a medical insurance product. Details
First Year Premium : $3,978
Avg. Premium : $4,297
FTLife | MediCare Plus
9.2/10
Estimated Medical Coverage is the estimated average coverage ratio of selected hospitalisation cases with different severity levels and required medical services. Details
Estimated Average Coverage : 91.6%
Based on the estimated coverage of 12 common cases, 10Life calculated the average which is the estimated average coverage of a medical insurance product. Details
First Year Premium : $4,673
Avg. Premium : $5,282
FWD | vCare Supreme Medical Plan
9.1/10
Estimated Medical Coverage is the estimated average coverage ratio of selected hospitalisation cases with different severity levels and required medical services. Details
Updated
Estimated Average Coverage : 90.7%
Based on the estimated coverage of 12 common cases, 10Life calculated the average which is the estimated average coverage of a medical insurance product. Details
First Year Premium : $4,104
Avg. Premium : $4,680
Cigna | Cigna VHIS Series – Flexi Plan (SMM)
9.1/10
Estimated Medical Coverage is the estimated average coverage ratio of selected hospitalisation cases with different severity levels and required medical services. Details
Updated
Estimated Average Coverage : 90.5%
Based on the estimated coverage of 12 common cases, 10Life calculated the average which is the estimated average coverage of a medical insurance product. Details
First Year Premium : $4,716 $2,830#
Avg. Premium : $5,207
Limited offer
Enjoy a 40% off of first year premium with Flex Plan (SMM)
Product Highlights
- Surgery and advanced diagnostic imaging cover on out-patient basis - CT scan, MRI scan, PET scan, PET-CT combined and PET-MRI combined
- Guaranteed renewal up to age of 100, with no lifetime benefit limit
Promotion offer
- Enjoy a 40% off of first year premium with Flex Plan (SMM)
- Promotion till 31 Dec 2021
Relevant Information
Terms and conditions apply. Please refer to the product brochure and terms & conditions.
#Premium is calculated after 40% discount of first year premium.
Bupa | Together Hospital & Surgical + Supp Major Medical
8.8/10
Estimated Medical Coverage is the estimated average coverage ratio of selected hospitalisation cases with different severity levels and required medical services. Details
Estimated Average Coverage : 87.9%
Based on the estimated coverage of 12 common cases, 10Life calculated the average which is the estimated average coverage of a medical insurance product. Details
First Year Premium : $4,737
Avg. Premium : $5,671
FTLife | “TopCare” Medical Insurance Plan (Benefit Level 2 with Major Medical Benefit)
8.7/10
Estimated Medical Coverage is the estimated average coverage ratio of selected hospitalisation cases with different severity levels and required medical services. Details
Estimated Average Coverage : 87.5%
Based on the estimated coverage of 12 common cases, 10Life calculated the average which is the estimated average coverage of a medical insurance product. Details
First Year Premium : $5,577
Avg. Premium : $6,282
We found Mass Market Medical Insurance product(s) matching your selected filters.
10.0/10
Estimated Medical Coverage is the estimated average coverage ratio of selected hospitalisation cases with different severity levels and required medical services. Details
FWD | vCANsurance Medical Plan (Standard)
Estimated Average Coverage : 100.0%
Based on the estimated coverage of 12 common cases, 10Life calculated the average which is the estimated average coverage of a medical insurance product. Details
First Year Premium : $5,113 $2,983#
Avg. Premium : $5,401
Limited Offer
Enjoy up to 6-month premium discount by applying with annual premium payment mode
Product Highlights
- Worldwide full coverage Provides full coverage on a wide range of hospitalisation expenses so you wouldn’t have to worry about having too many itemised benefit limits
- Innovative reimbursement basis with limits reset per Disability per Policy Year You can utilise your coverage by having the limits of individual benefit items and the aggregate limit per Disability per Policy Year counted afresh for each Disability or in each Policy Year
- Covers unknown Pre-existing Conditions starting from the 31st day of the first Poicy Year It also covers Congenital Condition having manifested or been diagnosed at any age the Insured Person attains starting from the 31st day of the first Policy Year
- Get rewards by staying healthy with your family Enjoys individual and extra no claims premium discount of up to 25%
The above product information does not contain the full terms and benefits of the policy, exclusions and key product risks. For the full terms, benefits, exclusions and key product risks, please refer to the relevant policy provisions and product brochure.
Promotion offer
- Up to 6-month premium discount Customers may enjoy a 5-month premium discount by applying with annual premium payment mode within the promotion period. If customer applies for FWD designated VHIS Plan(s) for his/her specified relative(s) at the same time, each eligible policy will be entitled to an extra 1-month premium discount in the 1st policy year.
Only applicable for successful application falling within the period from 1 April 2021 to 30 June 2021 (both dates inclusive) and policies must be issued on or before 31 July 2021. # Premium is calculated after 5-month premium discount for the first year premium.
Relevant Information
*Terms and conditions apply. Please refer to the promotional flyer, product leaflet and policy provisions for details.
**Applicant can apply a tax deduction for the premium actually paid. Any premium refund or premium discount is ineligible for tax deduction. Further information on tax concessions applicable to VHIS may be found in IRD’s website at www.ird.gov.hk/en.
***vCANsurance Medical Plan is underwritten by FWD Life Insurance Company (Bermuda) Limited, a company incorporated in Bermuda with limited liability (“FWD”).
10.0/10
Estimated Medical Coverage is the estimated average coverage ratio of selected hospitalisation cases with different severity levels and required medical services. Details
FWD | CANsurance Full Medical Plan Standard
Estimated Average Coverage : 99.6%
Based on the estimated coverage of 12 common cases, 10Life calculated the average which is the estimated average coverage of a medical insurance product. Details
First Year Premium : $4,431
Avg. Premium : $4,786
10.0/10
Estimated Medical Coverage is the estimated average coverage ratio of selected hospitalisation cases with different severity levels and required medical services. Details
AXA | AXA WiseGuard Pro Medical Insurance Plan (Regular)
Estimated Average Coverage : 99.6%
Based on the estimated coverage of 12 common cases, 10Life calculated the average which is the estimated average coverage of a medical insurance product. Details
First Year Premium : $8,324
Avg. Premium : $9,597
Limited offer
Once you successfully apply for any new designated basic plan / supplement1 and satisfy other applicable requirements2, you may enjoy 6 months’ premium refund3, 4, 5!
Product Highlights
- Full cover for hospitalisation and surgical benefits^
- Full cover for prescribed non-surgical cancer treatments and outpatient kidney dialysis
- No waiting period for unknown pre-existing conditions
- No claim discount up to 15%
- Free second medical opinion
^Full cover shall mean the actual amount of eligible expenses charged after deducting the remaining deductible (if any), and is subject to the annual benefit limit, lifetime benefit limit and other conditions. Psychiatric treatments and medical implants are excluded from full cover benefit. Further details of the terms, conditions, exclusions and limitations are provided in the policy contract.
Promotion offer
- From 1 April 2021 to 30 June 2021, once you successfully apply for any new designated basic plan / supplement1 and satisfy other applicable requirements2, you may enjoy 6 months’ premium refund3, 4, 5!
Relevant Information
Please click here to browse Promotional webpage from the insurance company. Terms and Conditions
- For product details of the designated basic plans and / or supplements (if applicable), please refer to the relevant proposals, product brochures and policy contracts.
- The premium refund under this Promotion is only applicable if the following requirements are satisfied:
a. Customers successfully submit the applications for basic plan / supplement of the designated health and protection products (“Designated Health and Protection Products”) during the Promotion Period;
b. Such basic plan / supplement must be successfully issued / have its effective date commenced during the period from 1 April 2021 to 31 July 2021, both dates inclusive; and
c. Annual payment mode must be selected for such basic plan / supplement before any of the premium refund is released. (The Designated Health and Production Products satisfying clause 2 above is hereinafter referred to as "Eligible Basic Plan/Eligible Supplement") - Each Eligible Basic Plan / Eligible Supplement may be entitled to a premium refund of 6 months’ premium into the future premium deposit account, the amount of which is equivalent to 50% of the annualised first year premium (“AFYP”) of the relevant Eligible Basic Plan / Eligible Supplement. The premium refund will be given out in 2 batches according to the schedule below:
- Batch of Premium Refund: 1
Premium Refund on Each Eligible Basic Plan/Eligible Supplement: 3 months
Release Schedule for Premium Refund: In the 10th month from the issuance of the Eligible Basic Plan / Eligible Supplement
- Batch of Premium Refund: 2 Premium Refund on Each Eligible Basic Plan/Eligible Supplement: 3 months
Release Schedule for Premium Refund: In the 22nd month from the issuance of the Eligible Basic Plan / Eligible Supplement - Each batch of 3 months’ premium refund is equivalent to 25% of the AFYP of the relevant Eligible Basic Plan / Eligible Supplement. Policy owners of the Eligible Basic Plan / Eligible Supplement will receive a notification letter by mail according to the release schedule for premium refund stated above. The notification letter(s) will set out the details of the premium refund on and in accordance with following conditions:
a. The amount of the 2 batches of premium refunds will be applied to the premium payments of the second policy year or onwards as AXA deems appropriate;
b. The AFYP is determined based on the benefit level / sum insured of the policy as at the time relevant batch of premium refund is credited into future premium deposit account;
c. If you have changed the benefit level/ sum insured of the Eligible Basic Plan / Eligible Supplement after policy issuance, the AFYP applied will not be equivalent to the actual amount of total premiums you paid for the first policy year. AFYP will be re-calculated based on the benefit level/ sum insured of Eligible Basic Plan / Eligible Supplement as at the time of respective batch of premium refund;
d. The amount of AFYP is calculated by adding the standard premium and premium loading imposed due to underwriting (if any) of the policy. Levy will not be included in the calculation;
e. The calculation of AFYP and premium refund shall be rounded up to the nearest 2 decimal places according to the policy currency (based on the AXA’s conversion table, if applicable) of the Eligible Basic Plan / Eligible Supplement; and Conversion Table – Exchange rate of foreign currencies against HKD (USD1 = HKD8.0); f. The Eligible Basic Plan / Eligible Supplement must be in force at the time of the premium is refunded and all premiums due since policy effective date must be fully paid in order to be entitled to relevant batch of premium refund. If Eligible Basic Plan / Eligible Supplement shall terminate for whatever reasons before/ after the premium refund is fully applied on the policy, any portion of such premium refund not yet applied, and / or the respective batch of premium refund will be forfeited and cannot be withdrawn or transferred. - The premium refund will not be applicable to customers who has purchased the designated basic plan / supplement before the Promotion Period but subsequently cancelled such basic plan / supplement during its cooling off period and then re-applied for the same Designated Health and Protection Products during the Promotion Period.
- For details, please refer to the relevant terms and conditions stated in the promotion leaflet.
10.0/10
Estimated Medical Coverage is the estimated average coverage ratio of selected hospitalisation cases with different severity levels and required medical services. Details
HSBC Life | HSBC Voluntary Health Insurance Flexi Plan Bronze
Estimated Average Coverage : 99.6%
Based on the estimated coverage of 12 common cases, 10Life calculated the average which is the estimated average coverage of a medical insurance product. Details
First Year Premium : $9,172
Avg. Premium : $10,784
3x limited offers
Get up to 25% discount off on your 1st year premium upon successful enrolment in the VHIS Flexi Plan, plus other limited offers when you apply
Product Highlights
- Cover yourself against unknown pre-existing conditions
- Fully covered* for hospitalisation and surgical fees without any sub-limits in event you need medical care
- Surgical and non-surgical cancer treatment expenses are both covered
- Ease your worries with cashless arrangements
- Rest easy with home nursing services
- 4 different plans, 3 geographical coverage and 4 annual deductible options
- No-claim discount benefit
- Claim tax deductions up to HK$8,000
* Full coverage shall mean the actual amount of eligible expenses and other expenses charged and payable subject to annual benefit limit, lifetime benefit limit, and other related conditions. The claim must be medically necessary and the cost must also be reasonable.
Promotion offer
Offer 1: Earn up to an extra $3,000 RewardCash! Pay new policy’s premium to HSBC Life with HSBC Premier Mastercard® Credit Card* to enjoy the offer. Offer ends 30 June 2021. Offer 2: Enjoy one-year premium waiver Eligible customers can get a first year premium waiver on our prescribed HSBC VHIS Flexi Plan when applying for any selected life insurance plan with designated annual premium amount (applicable to annual payment policy only). Offer ends 30 June 2021. Offer 3: Get up to 25% off your first-year premium Apply now to enjoy one of the following offers, • Enjoy 15% off your first year premium when applying for HSBC VHIS Flexi plan upon opening a new bank account or upgrading your current HSBC bank account. Offer ends 30 June 2021. • Enjoy 10% off your first year premium when applying for HSBC VHIS Flexi plan and any HSBC qualifying deferred annuity plan together. Offer ends 30 June 2021. Moreover, family members apply HSBC VHIS Flexi plan together can enjoy 10% discount on first year premium. *Terms and conditions apply to promotions listed above. Please refer to https://www.hsbc.com.hk/vhis-flexi for details.
Relevant information
* Terms and conditions apply. Please refer to the product brochure and product provision on HSBC website for details.
9.8/10
Estimated Medical Coverage is the estimated average coverage ratio of selected hospitalisation cases with different severity levels and required medical services. Details
FWD | CANsurance Full Medical Plan Economy
Estimated Average Coverage : 97.7%
Based on the estimated coverage of 12 common cases, 10Life calculated the average which is the estimated average coverage of a medical insurance product. Details
First Year Premium : $3,978
Avg. Premium : $4,297
9.2/10
Estimated Medical Coverage is the estimated average coverage ratio of selected hospitalisation cases with different severity levels and required medical services. Details
FTLife | MediCare Plus
Estimated Average Coverage : 91.6%
Based on the estimated coverage of 12 common cases, 10Life calculated the average which is the estimated average coverage of a medical insurance product. Details
First Year Premium : $4,673
Avg. Premium : $5,282
9.1/10
Estimated Medical Coverage is the estimated average coverage ratio of selected hospitalisation cases with different severity levels and required medical services. Details
Updated
FWD | vCare Supreme Medical Plan
Estimated Average Coverage : 90.7%
Based on the estimated coverage of 12 common cases, 10Life calculated the average which is the estimated average coverage of a medical insurance product. Details
First Year Premium : $4,104
Avg. Premium : $4,680
9.1/10
Estimated Medical Coverage is the estimated average coverage ratio of selected hospitalisation cases with different severity levels and required medical services. Details
Updated
Cigna | Cigna VHIS Series – Flexi Plan (SMM)
Estimated Average Coverage : 90.5%
Based on the estimated coverage of 12 common cases, 10Life calculated the average which is the estimated average coverage of a medical insurance product. Details
First Year Premium : $4,716 $2,830#
Avg. Premium : $5,207
Limited offer
Enjoy a 40% off of first year premium with Flex Plan (SMM)
Product Highlights
- Surgery and advanced diagnostic imaging cover on out-patient basis - CT scan, MRI scan, PET scan, PET-CT combined and PET-MRI combined
- Guaranteed renewal up to age of 100, with no lifetime benefit limit
Promotion offer
- Enjoy a 40% off of first year premium with Flex Plan (SMM)
- Promotion till 31 Dec 2021
Relevant Information
Terms and conditions apply. Please refer to the product brochure and terms & conditions.
#Premium is calculated after 40% discount of first year premium.
8.8/10
Estimated Medical Coverage is the estimated average coverage ratio of selected hospitalisation cases with different severity levels and required medical services. Details
Bupa | Together Hospital & Surgical + Supp Major Medical
Estimated Average Coverage : 87.9%
Based on the estimated coverage of 12 common cases, 10Life calculated the average which is the estimated average coverage of a medical insurance product. Details
First Year Premium : $4,737
Avg. Premium : $5,671
8.7/10
Estimated Medical Coverage is the estimated average coverage ratio of selected hospitalisation cases with different severity levels and required medical services. Details
FTLife | “TopCare” Medical Insurance Plan (Benefit Level 2 with Major Medical Benefit)
Estimated Average Coverage : 87.5%
Based on the estimated coverage of 12 common cases, 10Life calculated the average which is the estimated average coverage of a medical insurance product. Details
First Year Premium : $5,577
Avg. Premium : $6,282
Further Readings
Mass Market Medical Insurance Frequently Asked Questions
What is the difference between medical insurance and critical illness insurance?
While both is often categorised under “health insurance”, they are very different in nature.
Medical insurance is also known as hospitalisation insurance. The main purpose is to cover the medical expenses if the insured is hospitalised, with some products also covering specific outpatient treatments. Claims are on an expense reimbursement basis, on the condition that the expense is “Medical Necessary”.
Critical illness insurance covers the insured against specified diseases. A lump sum benefit is paid if the insured is diagnosed with a specified disease that matches the definition in the policy provisions. In general, insurance companies do not limit the usage of the benefit payment.
How dose traditional medical insurance work? What is a “Full Coverage” product?
Traditional medical insurance defines coverage limits item by item, e.g. room and board, surgeon fee, miscellaneous fee, etc… If the medical expense on particular item exceeds the limit, one may recover the excess from Supplementary Major Medical (if available, and after any co-payment), and any further excess needs to be paid out-of-pocket by the insured.
“Full Coverage” medical insurance generally does not limit the coverage amount in a single item. The medical expense can be covered as long as it does not exceed the per policy year, per disability or lifetime limit. However, the relevant medical expense needs to be “Medical Necessary” and “Reasonable and Customary”.
What is deductible?
The deductible is what the amount the insured needs to pay out-of-pocket first, while the insurance company covers the medical expense in excess of the deductible. For example, for a policy with a $10,000 deductible, if the eligible medical expense $50,000 the insurance company would only pay $40,000.
Remarks:
- The above premium excludes insurance levy collected by the Insurance Authority.
- The information on 10Life is intended for general education purpose and reference only, and does not constitute any insurance, financial, investment or other professional purchase advice or solicitation to buy insurance, financial or investment products. 10Life Product Ratings and Scores are mathematical calculations based on public product information and assumptions for generic customer segments. The Product Ratings and Scores DO NOT reflect YOUR personal needs. 10Life hereby excludes any liability arising from using the information and will not make warranty or guarantee on the accuracy, completeness and timeliness of the information or for any claims and / or losses caused thereby. You should seek independent professional advice and review the insurance product information carefully before purchasing any insurance products. The information shown in the communications placed on 10Life does not constitute an offer or solicitation for the purchase or sale of any banking or insurance products or services.
- 10Life Insurance Product Ratings are based on facts and data, and are not be influenced by any partnerships with insurance companies.
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