IncomeEnrich is certified by the Insurance Authority as a Qualifying Deferred Annuity Policy (“QDAP”) eligible for tax deductions. Policy owner can enjoy a maximum tax deductible limit up to HKD60,000¹ annually while married spouses can enjoy a maximum tax deductible limit up to HKD120,000¹ amongst themselves, provided that the deduction claimed by each tax payer does not exceed the individual limit of HKD60,000¹.
AXA WiseGuard Pro Medical Insurance Plan is a VHIS Flexi Plan, which offers you enhanced benefits on top of the VHIS Standard Plan. Notable benefits include full cover for hospitalisation and surgical benefits, prescribed non-surgical cancer treatments and outpatient kidney dialysis, no waiting period for unknown pre-existing conditions and no claim discount.
Smart Medicare is a Flexi Plan certified by the HKSAR under the Voluntary Health Insurance Scheme (“VHIS”). It allows Hong Kong taxpayers to enjoy tax deductions for premiums for themselves and all specified dependent(s). Policy owner is allowed a maximum annual deduction of HKD8,000 qualified premiums paid for each insured person. There is no cap on the number of insured persons each year.
Smart Medicare offers you following benefits on top of VHIS Standard Plan.
WiseGuard Medical is a Standard Plan certified by the HKSAR under VHIS. Same tax deduction eligibility is provided as Smart Medicare.
From now until 31 October 2020, if you successfully apply for a new basic plan of AXA WiseGuard Pro Medical Insurance Plan/ Smart Medicare and satisfy other applicable requirements, you may enjoy 3.5 months’ first year instant premium discount* on each eligible policy.
* For details, please refer to the relevant promotion leaflet. Terms and conditions apply
Tax Deduction Series Product Leaflet
Tax Deduction Frequently Asked Questions
In light of the continuing COVID-19 epidemic, we understand the utmost importance of safety and convenience for our customers. Both existing and new customers who are Hong Kong residents and currently in Hong Kong* can easily apply for VHIS and Deferred Annuity products from home through the Digital Enrolment System.
Our Financial Consultants will explain to customers about the products and documents over the phone, and collect documents via electronic means such as WhatsApp or email. Alternatively, customers can also choose to submit their applications by mail to cater for their different needs. For details, please click here.
Request an appointment or call with a financial consultant to learn more about our products, or for any enquiries related to your policy.
We are here to protect and our agents can reach out to you based on your preferred contact method.
24-hour hotline: (852) 2894 4701
Remarks
You must meet all the eligibility requirements set out under the Inland Revenue Ordinance and any guidance issued by the IRD of HKSAR before you can claim the tax deductions.
Any general tax information provided is for your reference only, and you should not make any tax-related decisions based on such information alone. You should always consult with a professional tax advisor if you have any doubts. Please note that the tax law, regulations or interpretations are subject to change and may affect related tax benefits including the eligibility criteria for tax deduction. We do not take any responsibility to inform you about any changes in the laws and regulations or interpretations, and how they may affect you. Please contact the IRD directly for any tax related enquiries.
Information on this webpage is for reference only, and not intended to be a complete description of the applicable terms and conditions. Please refer to the product brochure and policy contract for detailed terms and conditions. You should not purchase a policy based on the information on this website alone.
*Remarks: The Digital Enrolment System is applicable to customer who fulfills the following conditions:
- Customer should be a Hong Kong Identity Card holder
- Customer lives in Hong Kong and the application should be signed in Hong Kong
- The new application is not to replace any existing life policy(ies)
- The customer decides to apply for Deferred Annuity and VHIS Products, and does not require the Financial Consultant to provide product recommendations
- Due to outbreak of novel coronavirus, customer prefers not to have face-to-face sales interview
- No supplementary benefits to be attached to the application
(Only for use in Hong Kong Special Administrative Region)
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