Compare the coverage and price of Voluntary Health Insurance Scheme (VHIS)
Voluntary Health Insurance Scheme ("VHIS") mainly covers the hospitalisation costs incurred by the insured. The VHIS policyholder can enjoy tax deductions on the premium paid. The VHIS Standard plan has minimum standards prescribed by the government such that these plans offered by different insurance companies have very similar coverage. The VHIS Flexi plan is built upon the Standard plan by providing higher coverage through higher benefit limits or adding Supplementary Major Medical ("SMM").
Some VHIS plans in the market have similar product structures to mass market medical insurance, with coverage limits on certain medical cost items; some VHIS plans offer "full coverage" on most medical cost items as long as they fall within the annual and lifetime limits. VHIS plans are annually renewable with premium rate based on the age of the insured, and claims are on a cost reimbursement basis. 10Life compares VHIS products based on the estimated coverage ratios* under common medical scenarios (including cancer, angioplasty, outpatient hemodialysis).
*Medical costs under the scenarios are adjusted according to the room type (e.g. ward, semi-private) admitted at a Hong Kong private hospital.
Compare VHIS
Within the three years from the Voluntary Health Insurance Scheme (VHIS) launch, the coverage and transparency of the products have continued to increase while policyholders can enjoy tax deduction. The latest figures show that by the end of March 2021, the number of VHIS policies has exceeded 790,000, gradually becoming the dominating medical insurance in the market.
At year-end 2021, there were over 150 VHIS plans in the market. To make it easy for consumers to understand the coverage of the products, 10Life actuaries calculate the average coverage ratios of up to 12 selected medical cases. For the 2022 rating, we enhanced the standard by updating the assumptions on the breast cancer case and added the medical inflation protection requirements.
After a rigorous review, only around 8% of the VHIS products, having an average coverage score of 10/10 and medical inflation protection features (i.e. full coverage and high annual limit), can achieve a 5 Star rating.
To commend the insurance companies on their product excellence, 10Life will give these high standard products the "10Life Outstanding VHIS Award 2022".
Award Winners
Ward | ||||||
| VHIS Plan |
Average Coverage on 12 Medical Cases |
Annual Limit |
Lifetime Limit |
|||
AXA AXA WiseGuard Pro Medical Insurance Plan (Regular) |
100% | $5,000,000 per policy year |
Unlimited | |||
 Cigna Cigna VHIS Series Flexi Plan (Superior) |
100% | $5,000,000 per policy year |
Unlimited | |||
| The above information is updated as of 23 May 2022. | ||||||
Semi-Private | ||||||
| VHIS Plan |
Average Coverage on 12 Medical Cases |
Annual Limit |
Lifetime Limit |
|||
AIA AIA Voluntary Health Insurance Privilege Plus Scheme | 100% | $10,000,000 per policy year | $50,000,000 | |||
AXA AXA WiseGuard Pro Medical Insurance Plan (Enhance) | 100% | $25,000,000 per policy year | Unlimited | |||
 Blue Cross Dynasty VHIS Plan | 100% | $10,000,000 per policy year | $48,000,000 | |||
 Bowtie Bowtie Pink VHIS Plan | 99.5% | $10,000,000 per policy year | $50,000,000 | |||
Bupa Bupa Hero VHIS Plan (Advance) | 100% | $25,000,000 per policy year | Unlimited | |||
Bupa Bupa Hero VHIS Plan (Advance Pro) | 100% | $30,000,000 per policy year | Unlimited | |||
 China Taiping Taiping Life VHIS Priority Plan | 99.8% | $20,000,000 per policy year | Unlimited | |||
Cigna Cigna VHIS Series – Flexi Plan (Superior) | 100% | $30,000,000 per policy year | Unlimited | |||
FWD Life vPrime Medical Plan | 99.9% | $10,000,000 per policy year | $60,000,000 | |||
Manulife Manulife Supreme VHIS Flexi Plan | 99.8% | $8,000,000 per policy year | $32,000,000 | |||
| 1. In alphabetical order by company name. 2. The above information is updated as of 23 May 2022. | ||||||
Private | ||||||
| VHIS Plan |
Average Coverage on 12 Medical Cases |
Annual Limit |
Lifetime Limit |
|||
AXA AXA WiseGuard Pro Medical Insurance Plan (Noble) |
100% | $40,000,000 per policy year |
Unlimited | |||
AXA AXA WiseGuard Pro Medical Insurance Plan (Premier) |
100% | $30,000,000 per policy year |
Unlimited | |||
Bupa Bupa Hero VHIS Plan (Deluxe) |
100% | $35,000,000 per policy year |
Unlimited | |||
Bupa Bupa Hero VHIS Plan (Deluxe Pro) |
100% | $40,000,000 per policy year |
Unlimited | |||
| 1. In alphabetical order by company name. 2. The above information is updated as of 23 May 2022. | ||||||
How We Rate VHIS Products
To make it easy for consumers to compare VHIS plans, 10Life consults medical specialists to get medical expense data for 12 common medical cases with different severity, and our actuaries then estimate the coverage ratio of each case based on the benefit limits and policy terms of each product. Any product with an average coverage of 99.5% or above and medical inflation protection features can be awarded the 10Life Outstanding VHIS Award 2022.
12 Medical Cases
with Different Severity
with Mastectomy,
Reconstruction,
Chemotherapy &
Radiotherapy
Protection Features
Related Blog
VHIS FAQ
VHIS products are certified by the Food and Health Bureau (FHB) to comply with the minimum requirements as follows:
- Standardised policy terms and conditions
- Minimum benefit coverage and amounts
- Premium transparency and cooling-off period of 21 days
- No lifetime benefit limit (except for some flexi plans)
- Covers unknown pre-existing conditions
- Covers treatment of congenital conditions
- Covers day case procedures
- Covers prescribed diagnostic imaging tests
- Covers prescribed non-surgical cancer treatments
- Covers psychiatric inpatient treatments in local hospitals
Disclaimer
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