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HSBC VHIS Standard Plan

An essential standard voluntary health insurance plan offering annual benefits of up to HKD420,000 to cover your basic healthcare needs and tax savings

Medical protection with above-market1 claims paid ratio

Safeguard yourself with guaranteed policy renewals and no limits on lifetime benefits, all while enjoying tax deductions2. Add to that a claims paid ratio3 of 97% on our VHIS plans, you can rest assured that you will receive all the support you need, when you need it.

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 conditions4 starting from the second policy year, and full coverage from your fourth year onwards

Enjoy tax relief

Get annual tax deductions2 of up to HKD8,000 on qualifying premiums for each insured person

Extra features

  • Enjoy Medical Concierge Service5
    Get assistance from our Medical Concierge Consultant on making medical appointments and handling insurance-related documentation.

How to apply


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

  • the policyholder is aged6 between 18 and 80 years
  • the insured person is aged6 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.

Talk with us

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

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

HSBC Premier Elite or Premier customer?

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

Find out more

You may also be interested in


A voluntary health insurance plan offering full coverage10 on medical expenses, annual benefits of HKD5 million or more, and tax savings—available online

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Enjoy both steady retirement income and medical coverage, while enjoying tax deduction of up to HKD68,00011!


Safeguard yourself against unexpected medical expenses and critical illnesses


We understand the importance of getting a timely claim. Find out more about our easy online submission or get personalised help with your claims. 


  1. "HSBC Life invested 160 million on health technology, reduces medical claims from 5 days to 5 minutes" as released by Sing Tao on 15 May 2023.
  2. 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 or seek independent tax advice.
  3. Claims paid ratio is calculated as total claims amount paid divided by total claims amount incurred (after the consideration of any deductible and/or claims amount paid by first insurers for second claims, if applicable) in local currency, of the approved cases in 2022.
  4. 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.
  5. Medical Concierge Service is not a part of the policy in respect of HSBC VHIS. For more details, please refer to the detailed terms and conditions.
  6. The age refers to the age you were on your last birthday.
  7. Worldwide shall mean no geographical limitation, except for psychiatric treatment which is applicable to Hong Kong only.
  8. 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.
  9. The total premiums paid refers to the total amount of premiums due and paid for the basic plan as of the policy termination date, subject to the terms of the policy. It is for the calculation of the death benefit and net cash value. It excludes any aggregate premium balance and non-guaranteed interest accumulated under the policy unless and until such part of the premium is actually due and paid on that date.
  10. Full coverage refers to the actual amount of eligible expenses and other expenses that are charged and payable per the terms and benefits of this policy.
  11. Each taxpayer is allowed to claim a tax deduction for his or her qualifying deferred annuity premiums up to a maximum limit of HKD60,000 per assessment year, which is an aggregate of qualifying deferred annuity premiums and Mandatory Provident Fund (MPF) tax-deductible voluntary contributions.  In addition, each taxpayer who or whose spouse is the policyholder of a policy issued under a certified plan of Voluntary Health Insurance Scheme (VHIS) may claim tax deductions for the premiums paid up to HKD8,000 per insured person per assessment year.  The amount of tax deduction in this example assumes a taxpayer paying premiums (excluding levy and discount) of HKD60,000 for qualifying deferred annuity policy (QDAP) and of HKD8,000 under VHIS during the year of assessment.  The amounts are for illustrative purposes only.  The actual amounts of tax deductible and/or saving depend on the personal circumstances, and may be different from the amounts illustrated.  For details, please visit the website of the Inland Revenue Department (

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.