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VHIS Plans Comparison - Pay attention to those exclusions

VHIS Plans Comparison
Pay attention to those exclusions


【VHIS Plans Comparison】How should we select the most suitable voluntary health insurance scheme plan? Let’s Check out the Important Details

How should we choose among various Voluntary Health Insurance Schemes (VHIS)?

Is it the cheaper, the better? In fact, we should make the decision according to our actual situation and personal needs. As there are a wide range of VHIS, we should not merely compare the premiums of the schemes but pay more attention to the details of the insurance plans to select a VHIS plan with a higher price–performance ratio. The following analysis is based on the comparison of VHIS plans which are mainly purchased online from different perspectives.


Bupa HERO VHIS Detail

VHIS Comparison - Waiting Period

Regarding VHIS, there is a cooling-off period for people to consider cancelling unsuitable insurance policies within a period after purchase. In addition, VHIS may have a waiting period for making a claim for unknown pre-existing diseases, which means that the relevant benefits will not be fully covered until a designated period after the policy takes effect.

If the policyholder unfortunately falls ill during the waiting period, he or she may not be able to claim the full amount of compensation or may even fail to make a claim. For the benefits with a waiting period, the policyholder needs to make contributions for a specified number of years before enjoying a full cover. Therefore, the shorter the waiting period, the more effective the coverage will be.


VHIS Comparison – Waiting Period for Unknown Pre-existing Diseases

Bupa HERO VHIS

No waiting periods. Cover starts immediately after the policy takes effect.

Insurance Company B

Have waiting period:

1st policy year: No coverage

2nd policy year: 25% reimbursement

3rd policy year: 50% reimbursement

4th policy year: Full coverage

Insurance Company C

No waiting periods. Cover starts immediately after the policy takes effect.


VHIS Plans Comparison/How should we choose among various VHIS

VHIS Comparison - Outpatient Expense

The policyholders of VHIS can certainly claim the relevant medical expenses, while attention should be paid to the period of coverage and the number of claims, such as the cost of consultation with a specialist before admission, or the cost of several physical therapies after discharge. In case the period of treatment is longer than that of coverage, the policyholders will hence fail to receive adequate medical coverage and may even have to pay part of the costs by themselves.


VHIS Comparison - Outpatient Expense

Before confinement or day case procedure

(No. of Claims / Period)

After confinement or day case procedure

(No. of Claims / Period)

Bupa HERO VHIS

Unlimited / 90 days

Unlimited / 365 days

Insurance Company B

1 time / No specific period

3 times / 90 days

Insurance Company C

Unlimited / 30 days

Unlimited / 90 days


VHIS Plans Comparison/ If there is no lifetime benefit limit, the policyholders can hence receive treatments without worries or burdens.

VHIS Comparison - Benefit Limit

By purchasing medical insurance, quality medical services can be obtained at a relatively low price, and the amount of benefit limit directly reflects the protection offered by the VHIS, which generally involves tens of millions of dollars. Meanwhile, as the annual medical expenses will increase with medical inflation, the average annual cost of cancer treatment in private hospitals alone may have reached more than one million*.
Therefore, the higher the amount of coverage, the more carefree protection can be enjoyed. Furthermore, it is difficult to estimate the medical needs of each person in his or her lifetime. If there is no lifetime benefit limit, the policyholders can hence receive treatments without worries or burdens.


VHIS Comparison - Benefit Limit

Annual Benefit Limit

Lifetime Benefit Limit

Bupa HERO VHIS

40 million

Unlimited

Insurance Company B

10 million

50 million

Insurance Company C

30 million

Unlimited


VHIS Plans Comparison/How should we choose among various VHIS

VHIS Comparison - Detailed Benefit

In addition to the above comparisons of the general coverage, it is necessary to pay extra attention to the exclusions of the VHIS to identify whether the benefits offered by the insurance plan really meet individual needs. For instance, some insurance schemes may focus more on the additional coverage for common serious diseases in Hong Kong, such as cancer and stroke, and may even cover the local citizens' demands on Chinese medicine treatments.


VHIS Comparison - Detailed Benefit

Bupa HERO VHIS

Insurance Company B

Insurance Company C

Medical Check-up Benefit

Once every year starting from the 2nd policy year (Up to $4,800/time)

Once every year

($1,200/time)

Once every 3 years with no claims

Consultation or acupuncture by a Registered Chinese Medicine Practitioner after Confinement or specific treatments

Full cover for cancer treatments

Deductible waived for Cancer (if applicable)

Home facility enhancement due to Stroke

Non-Confinement sleep apnea test

Complications of pregnancy


Bupa HERO VHIS Detail

Remarks
The above information is the data of the products in the market as of June 2022 and is for reference only and does not constitute any advice on the sales of insurance products. Bupa does not guarantee the accuracy of the relevant information and the above information does not reflect all the benefits and details of the relevant insurance products. Please refer to the websites of the respective insurance companies for details.
*Data is retrieved from the press release of Cancerinformation.com.hk (Cancer treatment in Hong Kong not well-planned by the Government - Survey: Hong Kong people underestimate the cost of bowel cancer treatment in public hospitals by 19 times)

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The above summary of our insurance products is for reference only. It is not, and does not form part of, a contract of insurance and is designed to provide an overview of the key features of these products.

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Rewards for referrers

Get HK$300 supermarket coupons for every successful referral!

No limit on the referrals you can make!

Rewards and enrolment discount for referees

The referees can also get HK$300 supermarket coupons if they successfully enrol in any Bupa individual insurance scheme* PLUS the following first-year subscription / premium discount on designated schemes # :

  • 【Limited-time offer】Bupa Hero VHIS Plan up to 54% off for family enrolment and up to 46% off for single enrolment by adding optional benefits.
  • 【New】 Bupa SAFE Critical Illness Insurance Scheme - 20% off for single enrolment, 40% off for 2 or more enrolments
  • Other selected individual medical schemes: up to 30% off

The promotion is valid until 31 December 2022. Act now!


To enjoy the referral reward, the referee must submit the Bupa Member-get-Member Programme Registration Form (PDF, 209KB)together with the Bupa health insurance application.
*The referee must successfully enrol in any Bupa individual insurance scheme with first year’s annual premium or subscription over HK$3,000 or equivalent through a Bupa insurance intermediary.
#Subject to terms and conditions of the programme.

Bupa Member-get-Member programme Terms and Conditions (PDF, 286KB)

Bupa Hero VHIS Plan enrolment offer terms and conditions (PDF, 282KB)

Bupa Safe Critical Illness Plan Welcome Promotion Offer Terms and conditions (PDF, 267KB)
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