* For details, please refer to the relevant promotion leaflet. Terms and conditions apply.
The premium paid under QDAP, which is certified by the Insurance Authority, is eligible for tax deduction.
Tax deductible limit annually.
Certified by the HKSAR, eligible plan under VHIS allows policy holder to enjoy tax deductions for premiums for themselves and all specified dependent(s).
Maximum annual tax deduction in respect of qualifying premiums paid for each insured person.
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.
WiseGuard Medical is a Standard Plan certified by the HKSAR under VHIS. Same tax deduction eligibility is provided as Smart Medicare.
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.
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.
Mabel (age 35) who successfully applied for:
1. WiseGuard Medical
2. IncomeEnrich
Annual salary: HKD 456,000
Mr. Lee (age 40) & Mrs. Lee (age 40) who successfully applied for:
1. Smart Medicare with SMM - Superior benefit level
2. IncomeEnrich
And their son(age 10) and daughter (age 5):
3. Smart Medicare with SMM - Superior benefit level
Annual salary (joint assessment): HKD960,000
The example assumes that the total annual incomes of Mr. and Mrs. Lee are HKD840,000 and HKD120,000 respectively.
Mr. Chan (age 35) & Mrs. Chan (age 30) who successfully applied for:
1. WiseGuard Pro - Premier (Deductible: Nil)
2. IncomeEnrich
Annual salary (Joint assessment): HKD972,000
The example assumes that
(i) the total annual incomes of Mr. and Mrs. Chan are HKD840,000 and HKD132,000 respectively; and
(ii) Mr. and Mrs. Chan claim allowance in respect of 3 dependent parents aged 60 or over and 1 dependent parent aged 55; and
(iii) all of the dependent parents do not reside with Mr. and Mrs. Chan continuously throughout the whole year.
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
Disclaimer
Tax Assessment2,3 (HKD) | Before Insured | After Insured | ||
(A) Personal total annual income | ||||
(A) Personal total annual income | (A) Personal total annual income | |||
456,000 | 456,000 | |||
(B) Allowances and deductions: | ||||
(B) Allowances and deductions: | (B) Allowances and deductions: | |||
Basic allowance | ||||
Basic allowance | 132,000 | 132,000 | ||
Mandatory contributions to recognised retirement schemes | ||||
Mandatory contributions to recognised retirement schemes | 18,000 | 18,000 | ||
VHIS premium | ||||
VHIS premium | N/A |
| ||
QDAP premium | ||||
QDAP premium | N/A |
| ||
Calculations | ||||
Calculations | Calculations | |||
Net chargeable income (A) - (B) | ||||
Net chargeable income (A) - (B) | 306,000 | 243,629 | ||
Tax payable | ||||
Tax payable | 34,020 |
| ||
Tax savings | ||||
Tax savings | N/A |
|
Tax Assessment2,3 (HKD) | Before Insured | After Insured | ||
(A) Annual household income | ||||
(A) Annual household income | (A) Annual household income | |||
960,000 | 960,000 | |||
(B) Allowances and deductions: | ||||
(B) Allowances and deductions: | (B) Allowances and deductions: | |||
Mandatory contributions to recognised retirement schemes | ||||
Mandatory contributions to recognised retirement schemes | 24,000 | 24,000 | ||
VHIS premium | ||||
VHIS premium | N/A |
| ||
QDAP premium | ||||
QDAP premium | N/A |
| ||
Married person's allowance | ||||
Married person's allowance | 264,000 | 264,000 | ||
Child(ren) allowance | ||||
Child(ren) allowance | 240,000 | 240,000 | ||
Calculations | ||||
Calculations | Calculations | |||
Net chargeable income (A) - (B) | ||||
Net chargeable income (A) - (B) | 432,000 | 284,261 | ||
Tax payable | ||||
Tax payable | 55,440 |
| ||
Tax savings | ||||
Tax savings | N/A |
|
Tax Assessment2,3 (HKD) | Before Insured | After Insured | ||
(A) Annual household income | ||||
(A) Annual household income | (A) Annual household income | |||
972,000 | 972,000 | |||
(B) Allowances and deductions: | ||||
(B) Allowances and deductions: | (B) Allowances and deductions: | |||
Mandatory contributions to recognised retirement schemes | ||||
Mandatory contributions to recognised retirement schemes | 24,600 | 24,600 | ||
VHIS premium | ||||
VHIS premium | N/A |
| ||
QDAP premium | ||||
QDAP premium | N/A |
| ||
Married person's allowance | ||||
Married person's allowance | 264,000 | 264,000 | ||
Dependent parent(s) and dependent grandparent(s) allowance | ||||
Dependent parent(s) and dependent grandparent(s) allowance | 175,000 | 175,000 | ||
Calculations | ||||
Calculations | Calculations | |||
Net chargeable income (A) - (B) | ||||
Net chargeable income (A) - (B) | 508,400 | 372,400 | ||
Tax payable | ||||
Tax payable | 68,428 |
| ||
Tax savings | ||||
Tax savings | N/A |
|