TaxVantage Plus Medical Plan Benefit
Guaranteed renewals for life
No lifetime benefit limit
Freedom to choose
Extensive coverage
Coverage of unknown pre-existing conditions
No claim premium discount
Tax deductible
Free quote before you commit
Optional supplementary benefits
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You are guaranteed the right to renew your plan even if you experience changes to your health. For extra peace of mind, your coverage will last up to the age of 100
- The plan offers an annual benefit limit up to HK$2,000,000, which will be refreshed annually with no Lifetime Benefit Limit
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All benefits are applicable worldwide (except for psychiatric treatment1 and renal dialysis2)
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Free choice of healthcare services providers3
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Free choice of ward class
Notes:
1. Only covers the psychiatric treatment recommended by a Specialist during Confinement in Hong Kong.
2. Only covers renal dialysis treatments under the recommendation of the attending Registered Medical Practitioner, and (1) as an Inpatient worldwide or (2) as a Day Patient in Hong Kong.
3. Refers to a registered Hospital medical practitioner of western medicine under the relevant territory.
- The plan covers the following medical benefit items:
- hospitalization and surgery fees
- day case procedure4
- outpatient care for pre- and post- Confinement / Day case procedure
- prescribed diagnostic imaging tests5, including CT, MRI, PET, PET-CT and PET-MRI
- non-surgical cancer treatments, including radiotherapy, chemotherapy, targeted therapy, immunotherapy and hormonal therapy
- psychiatric treatment1
- lump sum benefit against medical negligence6 - Other benefit items include:
- hospital companion bed7
- home nursing
- additional benefit for accident
- renal dialysis2
- optional extra major medical benefit
Notes:
4. Day Case Procedure refers to a Medically Necessary surgical procedure for investigation or treatment performed in a medical clinic, or day case procedure centre or Hospital with facilities for recovery.
5. Subject to 30% Coinsurance, Policy Holder is required to pay 30% of the actual medical expenses as evidenced.
6. If the Insured Person dies or suffers from Total and Permanent Disability directly as a consequence of any negligent action or failure to observe reasonable and customary standards by a healthcare professional of the relevant Hospital, the medical negligence benefit as stated in the Benefit Schedule shall be payable. The benefit shall be made once only for each incident.
7. Subject to one extra bed.
- For your total peace of mind, the plan covers pre-existing conditions that the Policy Holder and/or Insured Person was not aware of and would not reasonably have been aware of at the time of taking up the plan, without any waiting period
- A 'no claim premium discount' will be offered upon paying the renewal premium, provided that the policy has been in force and no claims have been made for at least three consecutive Policy Years
- The discount is a percentage, of up to 15%, of the annual premium for the previous Policy Year
|
Consecutive years of policy in force and without claims |
No claim premium discount rate |
|---|---|
|
3 |
5% |
|
4 |
10% |
|
≥5 |
15% |
- Your TaxVantage Plus Medical Plan premiums are tax deductible. For details of the tax deduction arrangement, please refer to the VHIS website of the government of the HKSAR at www.vhis.gov.hk/en/consumer_corner/tax-deduction.html
Notes:
7. 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.
- You’re entitled to receive a free estimate of the claimable amount8 for any potential treatment or procedure before committing to it
Notes:
8. 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.
- For extra peace of mind, you may attach supplementary benefits9 to the plan (the following benefits are non-tax deductible)
- Extra Cancer Benefit
- provides adequate financial support for cancer therapy, with a maximum reimbursement of actual expenses per cancer up to HK$2,000,00010 - Hospital Income Benefit
- provides cash benefit11 to offset any temporary income loss if the Insured Person is Confined for eight hours or more due to Disability
- while receiving treatment in an Intensive Care Unit, this Benefit will be doubled, up to HK$2,400 per day
- Extra Cancer Benefit
Notes:
9. These benefits are not part of the VHIS Certified Plan.
10. The followings are not included: (1) treatment undergone solely for complications and adverse effects of cancer treatment; (2) cost of surgical procedures except specifically covered; (3) room and board charges.
11. The maximum combined daily benefit from both Hospital Income Benefit and Money-Back Hospital Income Protector for the same Insured Person with our company is HK$1,200. And the maximum combined daily benefit from Hospital Income Benefit, Money-Back Hospital Income Protector, Lifetime Health Protector, Whole Life MediCare and Refundable Hospital Cash Plan for the same Insured Person with our company is HK$2,000. The Company reserves the right to make adjustments of the maximum combined daily benefit without any prior notice.
*YF Life Insurance International Limited is registered as a provider for the Voluntary Health Insurance Scheme (VHIS), implemented by the government of the HKSAR (registration number 00025, effective on March 6, 2019).
Issue Age (At Last Birthday)
TaxVantage Plus Medical Plan:
Age 0-80
Extra Cancer Benefit:
Age 0-70
Hospital Income Benefit:
Age 0-65
Benefit Term
TaxVantage Plus Medical Plan:
To Age 100
Extra Cancer Benefit:
To Age 100
Hospital Income Benefit:
To Age 75
Premium Payment Term
TaxVantage Plus Medical Plan:
To Age 100
Extra Cancer Benefit:
To Age 100
Hospital Income Benefit:
To Age 75
What is the Voluntary Health Insurance Scheme (VHIS)?
VHIS is an initiative backed by the government of the HKSAR. It is a medical insurance plan that sets standardized policy terms and basic benefit coverage for surgeries, therapies and hospitalization benefits that are applicable worldwide. The plan covers unknown pre-existing conditions, guarantees renewal up to the age of 100, and provides you with a free choice of healthcare service providers and ward class. Qualifying premiums paid for VHIS are tax deductible, at up to HK$8,000 per insured person per year.
