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Box 3.3
Voluntary Health Insurance Scheme Fact Sheet
Launched: 1 April 2019
Objectives:
• Enhance the protection level of hospital insurance products
• Provide the public with an additional choice of using private healthcare
services through hospital insurance
• Relieve the pressure on the public healthcare system in the long run
Products:
• Individual indemnity hospital insurance plans that are certified by FHB
Key Features of Certified Plans:
• Guaranteed renewal up to the age of 100 years
• No “lifetime benefit limit”
• Cooling-off period of 21 days
• Premium transparency
Subscription incentives: premium paid for a VHIS Policy is eligible for
the tax deduction under the Inland Revenue Ordinance (Cap.112)
Source: FHB, 2021d
79
