VHIS

TaxVantage Prestige Medical Plan

Own your future — with gilt-edged protections

TaxVantage Prestige Medical Plan*, a comprehensive medical insurance solution second to none, provides full reimbursement of the actual expenses incurred before, during, and after your in-hospital treatment throughout Asia^, giving you peace-of-mind protection with no itemized benefit sublimit. You are also entitled to hospital stays in a standard semi-private room or standard private room (depending on confinement location), full cover for non-surgical cancer treatment and extended benefits during hospitalization and beyond.

Best of all, your qualifying premiums paid are tax deductible.

Annual Benefit Limit as much as

HK$10,000,000

Issue Age
Age 0 – 80
Benefit Term
To Age 100
Premium Payment Term
To Age 100

Notes

*YF Life Insurance International Limited is registered as a provider for the Voluntary Health Insurance Scheme (VHIS), implemented by the Food and Health Bureau of the HKSAR (registration number 00025, effective on March 6, 2019).
^Unless otherwise specified, benefits for non-Emergency Treatment shall be applicable in Asia, and benefits for Emergency Treatment shall be applicable worldwide.

Product Features

Lifetime Medical Protection up to HK$40,000,000

Full reimbursement of the actual expenses incurred during your in-hospital treatment, due to sickness or accident
Without any limit on individual benefit items for major medical expenses
Offers a wide range of extra benefits as well as worldwide emergency treatment and assistance
You can enjoy a lifetime benefit limit of up to HK$40,000,000 with an annual benefit limit as much as HK$10,000,000

No waiting Period for Unknown Pre-existing Conditions

The plan covers unknown pre-existing conditions of the Insured Person at the time of taking up the plan
Without any waiting period, which is much better than the minimum requirement of 3-year waiting period under the VHIS plans

Annual Deductible for Lower Premiums

4 Options: HK$0 / 15,000 / 30,000 / 100,000
The higher the deductible, the lower the premium
May change to a lower Annual Deductible before the policy anniversaries on or after your 50th, 55th, 60th, 65th, 70th, 75th, 80th or 85th birthday¹ without having to submit any satisfactory proof of insurability

¹Request for reduction of the Deductible must be submitted in writing within 30 days before the policy anniversary on or immediately following the 50th, 55th, 60th, 65th, 70th, 75th, 80th or 85th birthday of the Insured Person. This right can be exercised once only and is irrevocable. Claims in respect of a Disability occurring after reduction of the Deductible shall be subject to the reduced Deductible.

No Claim Premium Discount

Up to 15% provided that the policy has been in force and no claims have been made for at least three consecutive policy years

Number of consecutive years for policy in force without claims	No claim premium discount rate
3	5%
4	10%
≥5	15%

Guaranteed Renewals for Life

You are guaranteed the right to renew your plan up to the age of 100, even if you experience changes to your health
Your renewal premium² will not be individually raised for any claim you have made, or any changes in your health condition

² A written notice will be given no less than 30 days prior to each policy anniversary date regarding the adjustment of benefit coverage or premium.

Tax Deductible

Qualifying premium paid for your TaxVantage Prestige Medical Plan are tax deductible. You may also include any premiums paid into your family members’ policies when claiming a tax deduction
For details of the tax deduction arrangement, please refer to the website of the Food and Health Bureau of the HKSAR at www.vhis.gov.hk/en/consumer_corner/tax-deduction.html

Free Quote before You Commit

You’re entitled to receive a free estimate of the claimable amount³ for any potential treatment or procedure before committing to it

³ The Policy Holder shall provide the Company with the estimated fees to be incurred as furnished by the Hospital and/or attending Registered Medical Practitioner. The estimate is for reference only, and the actual amount claimable shall be subject to the final expenses as evidenced.

Additional Support Services

The plan offers, free of charge, a number of caring services to enable you to enjoy global support (the following benefits are not a part of the VHIS Certified Plan):
1. Worldwide Emergency Assistance Benefits⁴
2. Cashless Hospitalization Service⁴
3. MediCare Concierge Services⁴

⁴ The services are additional benefits and do not form part of the VHIS Certified Plan. The Policy Holder may remove the additional benefits by sending a written notice to the Company.

Benefit Highlights

Lifetime Benefit Limit

HK$40,000,000

Annual Benefit Limit

HK$10,000,000

Benefits with Full Reimbursement

Room and board

Miscellaneous charges

Attending doctor's visit fee

Specialist's fee

Intensive care

Surgeon’s fee

Anaesthetist's fee

Prescribed Diagnostic Imaging Tests

Prescribed Non-surgical Cancer Treatments

Pre- and post-Confinement / Day Case Procedure outpatient care

Private nurse’s fee (Max. 60 days per Policy Year)

Home nursing (Max. 60 days per Policy Year)

Hospital companion bed

Emergency outpatient treatment benefit

Emergency dental benefit

Operating theatre charges

Renal dialysis

Pregnancy complications benefit

Designated medical appliances

The above benefit table is not a complete version and subject to policy provisions. Please refer to the product brochure for the complete benefit table.

Product Brochure

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FAQ

What is Voluntary Health Insurance Scheme (VHIS)?

VHIS is an individual indemnity hospital insurance scheme implemented by the Food and Health Bureau of HKSAR to provide an additional choice of health care services to the public through hospital insurance. Participation of the scheme is voluntary. Tax deduction is eligible for consumers who purchase VHIS plans.

What are the plan options under VHIS?

There are two types of plans for selection under VHIS – Standard Plan and Flexi Plan. Standard Plan provides standardized basic protection according to the minimum requirements set by the Government. Flexi Plan provides enhanced protection such as better benefit limits and coverage.

What are the differences among TaxVantage Prestige Medical Plan (Flexi Plan), TaxVantage Plus Medical Plan (Flexi Plan) and TaxVantage Medical Plan (Standard Plan) offered by YF Life?

TaxVantage Medical Plan is a Standard Plan while TaxVantage Plus Medical Plan and TaxVantage Prestige Medical Plan are Flexi Plans under the Voluntary Health Insurance Scheme (VHIS) implemented by the Food and Health Bureau. The coverage under the VHIS Standard Plan includes basic protection; while the Flexi Plan provides enhanced protection, e.g. higher benefit amount, extra medical coverage and a variety of product choices. Details are as follows:

	TaxVantage Medical Plan (Standard Plan)	TaxVantage Plus Medical Plan (Flexi Plan)	TaxVantage Prestige Medical Plan (Flexi Plan)
Guaranteed renewals for life	✓	✓	✓
No lifetime benefit limit	✓	✓
Tax deductible	✓	✓	✓
Geographical coverage	Worldwide (psychiatric treatments: Hong Kong only)	Worldwide (psychiatric treatments and renal dialysis treatments as a day patient: Hong Kong only)	Non-emergency treatment: Asia Emergency treatment: Worldwide (psychiatric treatments and room level downgrade cash benefit in Hong Kong: Hong Kong only)
Coverage of unknown pre-existing conditions	✓ (with waiting period)	✓ (without waiting period)	✓ (without waiting period)
No claim premium discount		✓	✓
Choice of plan level		✓
Choice of deductible			✓
Optional extra major medical benefit		✓
No restriction to the choice of healthcare service provider	✓	✓	✓ (room level downgrade cash benefit in Hong Kong: private Hospital in Hong Kong only)
No restriction to the choice of ward class	✓	✓
Actual medical expenses covered and reimbursed by the plan include:
(I) Basic benefits
Hospitalization and surgery fees	✓	✓	✓
Day case procedure	✓	✓	✓
Pre- and post-confinement / day case procedure outpatient care	✓	✓	✓
Prescribed diagnostic imaging tests	✓	✓	✓
Prescribed non-surgical cancer treatments	✓	✓	✓
Psychiatric treatments	✓	✓	✓
(II) Enhanced benefits
Private nurse's fee			✓
Home nursing		✓	✓
Hospital companion bed			✓
Renal dialysis		✓	✓
Reconstructive surgery benefit			✓
Pregnancy complications benefit			✓
Medical appliances	✓	✓	✓
Transplantation surgery expenses for Living Donor			✓
Rehabilitation Centre and related treatment			✓
Ancillary service			✓
Hospice care			✓
Emergency outpatient treatment benefit			✓
Emergency dental benefit			✓
(III) Other benefits
Day surgery cash benefit			✓
Room level downgrade cash benefit in Hong Kong			✓
Additional benefit for accident		✓
Medical negligence benefit	✓	✓
Death benefit	✓	✓	✓
Supplementary services / benefits (Non-tax deductible)
Optional extra services (without extra charges)
MediCare Concierge Services			✓
Estimate of the claimable amount			✓
Cashless Hospitalization Service			✓
Worldwide Emergency Assistance Benefits			✓
Optional supplementary benefits
Extra Cancer Benefit		✓
Hospital Income Benefit		✓

Please refer to the product brochures for further details and exclusions of the above features.

I have a VHIS plan with effective date as April 1, 2019. On February 25, 2020, I received a Premium Notice for the premium due on April 1, 2020. I paid the due premium on March 1, 2020 in advance. Can I make tax deduction claim for that qualifying premium paid in the 2020/2021 year of tax assessment?

No. You should claim tax deduction in respect of the premiums paid in that year of assessment.

Since you paid the qualifying premium on March 1, 2020 (i.e. in the 2019/2020 assessment year) instead of in the 2020/2021 assessment year, you may claim the tax deduction for the 2019/2020 assessment year. To be eligible for tax deduction claim under 2020/2021 tax assessment year, the premium must be paid on or after April 1, 2020.