Enjoy up to 8 months’ premium refund on AXA WiseGuard Pro Medical Insurance Plan*!
* For details, please refer to the relevant promotion leaflet. Terms and conditions apply.
Tax Deduction Tips
Qualifying Deferred Annuity Policy
Individual Taxpayer can enjoy up to : HKD 60,0001 tax deductible limit annually
The premium paid under Qualifying Deferred Annuity Policy (“QDAP”), which is certified by the Insurance Authority, is eligible for tax deduction.
Voluntary Health Insurance Scheme
Taxpayer can enjoy up to: HKD8,0002 tax deductible limit annually in respect of qualifying premiums paid for each insured person
Certified by the HKSAR Government, eligible plan under Voluntary Health Insurance Scheme (“VHIS”) allow policy holders to enjoy tax deductions for premiums for themselves and all specified relative(s).
AXA Tax Deductible Products
IncomeBliss Deferred Annuity Plan (“IncomeBliss”)
Offering a steady cash flow throughout your chosen annuity period together with advantages of tax saving capabilities, the IncomeBliss is tailored to give you the free rein to shape the future you want and design your own version of retirement bliss.
- Multiple flexible options to customise your retirement plan
- Recurring cash flow while retaining opportunities for potential wealth growth
- Tax savings to build more wealth for the future
- Peace of mind with life coverage and dementia protection
- Hassle-free application process for a smooth experience
AXA WiseGuard Medical Insurance Plan
WiseGuard is AXA’s VHIS Standard Plan that covers your essential medical needs according to VHIS standards and more. With WiseGuard, you’ll enjoy essential, quality protection backed by one of the largest insurers in the world. With AXA, you know you’re in safe hands.
- Guaranteed renewal up to age 100
- Annually refreshed benefit item limit with no lifetime benefit limit
- No waiting period
- Coverage for pre / post-confinement and day case procedure outpatient care
Smart Medicare
Smart Medicare is a VHIS Flexi Plan that gives you all the benefits of WiseGuard together with three tailored benefit levels to give you full flexibility on coverage. There is no limit to lifetime benefits and supplementary major medical cover is available as an option.
- Choice of 3 different benefit levels to meet your unique needs
- Optional supplementary major medical
- No claim discount
- Worldwide emergency assistance
AXA WiseGuard Pro Medical Insurance Plan
WiseGuard Pro is a VHIS Flexi Plan that offers a comprehensive range of benefits, such as full cover3 for hospitalisation surgical benefits, prescribed non-surgical cancer treatments and outpatient kidney dialysis without lifetime benefit limit, and no waiting period for unknown pre-existing conditions. WiseGuard Pro also offers a wide range of premium features to give you a well-guarded life.
- Full cover3 for hospitalisation and surgical benefits
- Full cover3 for prescribed non-surgical cancer treatments and outpatient kidney dialysis
- No waiting period for unknown pre-existing conditions
- Quadruple security with extra and optional protections
Discover AXA's powerful tax-saving duo
Uncover the tax-saving potential of QDAP and VHIS effortlessly through the TaxBliss Calculator, paving the way for a brighter financial prospect! Act now - explore the TaxBliss Calculator and take control of your financial future today!
How much can you save from QDAP and VHIS?
Case 1: Smart and worry-free tax planning
(Tax savings: HKD9,708)1, 2, 4
After 4 years in the workforce, 29-year-old Susan is ready to plan for her future. She is looking for both medical protection and finance security and takes advantage of any available tax deduction opportunities. To achieve this, she has decided to take out a WiseGuard policy along with an IncomeBliss policy.
Assume that the total annual income of Susan is HKD384,000 for the year of assessment.
Case 2: Enjoy peace of mind and maximising tax benefits
(Tax savings: HKD25,102)1, 2, 4
Upon entering the prime earning years and cherishing his family, Kelvin has decided to take out VHIS policies4 for himself, his wife and his beloved children. In order to maintain financial flexibility upon retirement, he has planned to secure deferred annuity policies4 for both himself and his wife. The plan not only serves as a financial management tool but also offers the advantage of tax savings.
Insured: Kelvin (age 35) and wife (age 34)
Insurance plans: WiseGuard Pro (Premier benefit level) (Deductible: HKD50,000) and IncomeBliss
Insured: Son (age 10) and daughter (age 6)
Insurance plan: Smart Medicare with supplementary major medical (Superior benefit level)
Assume that the total annual incomes of Kelvin and his wife are HKD816,000 and HKD132,000 respectively for the year of assessment.
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Remarks
Disclaimer
Reward 3C - Max Wealth Insurance Plan (Lump Sum Payment) – Guaranteed Preferential Interest Rate
Reward 3C of the Promotion provides customers an offer of guaranteed preferential interest rate of 4.5% per annum△ on the prepaid amount for the 1st policy year.
To enjoy this offer, simply opt for lump sum payment arrangement and pay a lump sum payment with levy at the time of application of your Max Wealth Insurance Plan. The lump sum payment with levy to be applied as follows:
(i) pay for annual premium of the 1st policy year and the corresponding levy ; and
(ii) deposit fund in advance into the future premium deposit account for premium payment of the 2nd policy year (“Prepaid Amount”) and the corresponding levy. The Prepaid Amount will accumulate interest in the 1st policy year at a guaranteed preferential interest rate of 4.5% per annum in the future premium deposit account. At the end of the 1st policy year, the interest accrued will be credited to the future premium deposit account, and the Prepaid Amount and its accrued interest will be equal to the annual premium of the 2nd policy year and will be automatically deducted from the future premium deposit account to settle the annual premium for the 2nd policy year and the corresponding levy when due.
Table 3C
Max Wealth Insurance Plan (Lump Sum Payment) – Guaranteed Preferential Interest Rate | |
Designated Basic Plan | |
Designated Basic Plan | Max Wealth Insurance Plan ^ |
Guaranteed Preferential Interest Rate on the Prepaid Amount in the 1st Policy Year | |
Guaranteed Preferential Interest Rate on the Prepaid Amount in the 1st Policy Year | 4.5% per annum△,11 |
△The guaranteed preferential interest rate of 4.5% per annum is applicable to the Prepaid Amount only.
^ Only applicable to Max Wealth Insurance Plan with the Lump Sum Payment arrangement selected.
11. For details of Reward 3C, please refer to the section of Reward 3C of the Terms and Conditions stated in the promotion leaflet.
Reward 3D - Max Goal Insurance Plan Premium Discount
Table 3D
Max Goal Insurance Plan Premium Discount | |||
Designated Basic Plan | |||
Designated Basic Plan | Max Goal Insurance Plan | ||
Single Premium of Designated Basic Plan (USD) | |||
Single Premium of Designated Basic Plan (USD) | Below USD500,000 | USD500,000 to USD999,999 | USD1,000,000 or above |
Premium Discount Percentage on Each Eligible Basic Plan of Reward 3D# (% of Single Premium of Eligible Basic Plan of Reward 3D) | |||
Premium Discount Percentage on Each Eligible Basic Plan of Reward 3D# (% of Single Premium of Eligible Basic Plan of Reward 3D) | 1%12 | 2%12 | 3%12 |
12. For details of Reward 3D, please refer to the section of Reward 3D of the Terms and Conditions stated in the promotion leaflet.
#Please refer to the Terms and Conditions stated in the promotion leaflet for the definition(s).
Reward 3F – Designated Savings Products Special Premium Refund
From 26 April 2025 to 31 May 2025, both dates inclusive, if customer successfully submits applications for the following basic plan / supplement and all the relevant policies are held by the same policy owner:
1. a basic plan of FortuneXtra Savings Plan / WealthAhead Savings Plan and its supplements (if applicable) ("Designated Savings Policy of Reward 3F”) with the required total AFYP as stated in Table 3F below; and
2. TotalAssure Critical Illness Plan / TotalAssure Critical Illness Plan – Baby Pro / TotalAssure Plus Critical Illness Plan / TotalAssure Plus Critical Illness Plan – Baby Pro / GlobalReach Medical Insurance Plan / AXA WiseGuard PronMedical Insurance Plan (basic plan/ supplement) (“Designated Critical Illness and Medical Protection Policy”),
customer may be entitled to HKD3,888 (or its equivalent in foreign currency) special premium refund14 on future premium(s) on Designated Savings Policy of Reward 3F.
Table 3F
Designated Savings Products Special Premium Refund | ||
Designated Basic Plans | ||
Designated Basic Plans | FortuneXtra Savings Plan | WealthAhead Savings Plan |
Total AFYP of Designated Basic Plan and its Supplements (if applicable) | ||
Total AFYP of Designated Basic Plan and its Supplements (if applicable) | HKD150,000 / USD18,750 / RMB121,875 / EUR18,750 / GBP11,250 / CAD22,500 / AUD22,500 / SGD30,000 or above | HKD250,000 / USD 31,250 / RMB203,125 or above |
Special Premium Refund on Each Eligible Policy of Reward 3F# | ||
Special Premium Refund on Each Eligible Policy of Reward 3F# | HKD3,888 (or its equivalent in foreign currency)14 | |
What is more? If you successfully apply for FortuneXtra Savings Plan during the Promotion Period of Reward 3F, you may also enjoy the Basic Premium Refund of Reward 3B and Extra Premium Refund of Reward 3B (if applicable), whereas if you successfully apply for WealthAhead Savings Plan, you may enjoy 6.8% per annum Guaranteed Preferential Interest Rate subject to relevant terms and conditions as set out in the AXA “WealthAhead Savings Plan Guaranteed Preferential Interest Rate” Programme leaflet. For details, please refer to the relevant programme leaflet. Act now to seize this limited offer!
14. For details of Reward 3F, please refer to the section of reward 3F of the Terms and Conditions stated in the promotion leaflet.
#Please refer to the Terms and Conditions stated in the promotion leaflet for the definition(s).
Reward 2A – Designated Critical Illness Products Premium Refund + Special Reward - Out-patient Service
Table 2A
Designated Critical Illness Products Premium Refund + Special Reward - Out-patient Service | |||||||
Basic Premium Refund | |||||||
Basic Premium Refund | Basic Premium Refund | Designated Basic Plans | - TotalAssure Critical Illness Plan - TotalAssure Critical Illness Plan – Baby Pro - TotalAssure Plus Critical Illness Plan - TotalAssure Plus Critical Illness Plan – Baby Pro | ||||
Basic Premium Refund | |||||||
Basic Premium Refund | Premium Payment Term | 10 years | 15 years | 20 years | 25 years | ||
Basic Premium Refund | |||||||
Basic Premium Refund | Premium Refund on Each Eligible Basic Plan of Reward 2A# | 2 months7 | 2 months7 | 3 months7 | 3 months7 | ||
Extra Premium Refund | |||||||
Extra Premium Refund | Extra Premium Refund | Customer may be entitled to an extra premium refund of up to 2 months’ premium on each of the Eligible Basic Plan of Reward 2A if: (i) the total sum insured of all Eligible Basic Plan(s) of Reward 2A is HKD 800,000/ USD 100,000 or above; or (ii) in addition to Eligible Basic Plan(s) of Reward 2A, customer is also holding policy(ies) of any of the following Critical Illness Series Plan*, and the total sum insured of all relevant basic plan(s) is HKD 800,000 / USD 100,000 or above
Critical Illness Series Plan: - HealthVital Major Illness Insurance - HealthVital II Major Illness Plan - HealthSelect Major Illness Insurance - HealthSelect II Major Illness Plan - CritiPartner Critical Illness Plan - CritiPartner Plus Critical Illness Plan - LoveAssure Critical Illness Plan - LoveAssure Plus Critical Illness Plan - TotalAssure Critical Illness Plan - TotalAssure Critical Illness Plan – Baby Pro - TotalAssure Plus Critical Illness Plan - TotalAssure Plus Critical Illness Plan – Baby Pro | |||||
Extra Premium Refund | |||||||
Extra Premium Refund | Extra Premium Refund on Each Eligible Basic Plan of Reward 2A# | + 1 month | + 2 months | ||||
Total | |||||||
Total | Total | 3 months7 | 3 months7 | 5 months7 | 5 months7 | ||
Special Reward | |||||||
Special Reward | Out-patient Service (please refer to "Special Reward – Out-patient Service" for details) | ||||||
*The insured of all of the Eligible Basic Plan(s) of Reward 2A and the relevant Critical Illness Series Plan Policy(ies) (as defined in Terms and Conditions) must be the same person. Regarding the details of the eligibility of Extra Premium Refund of Reward 2A, please refer to the section of Reward 2A of the Terms and Conditions stated in this leaflet.
7. For details of Reward 2A, please refer to the section of Reward 2A of the Terms and Conditions stated in the promotion leaflet.
#Please refer to the Terms and Conditions stated in the promotion leaflet for the definition(s).
Reward 3E - JoyAhead Immediate Annuity Plan Premium Discount
During the Promotion Period, if customer successfully applies for the basic plan of JoyAhead Immediate Annuity Plan, customer can enjoy premium discount of up to 1% of single premium of such basic plan.
Table 3E
JoyAhead Immediate Annuity Plan Premium Discount | |
Designated Basic Plan | |
Designated Basic Plan | JoyAhead Immediate Annuity Plan |
Premium Discount Percentage on Each Eligible Basic Plan of Reward 3E# (% of single premium of Eligible Basic Plan of Reward 3E) | |
Premium Discount Percentage on Each Eligible Basic Plan of Reward 3E# (% of single premium of Eligible Basic Plan of Reward 3E) | 1%13 |
13. For details of Reward 3E, please refer to the section of Reward 3E of the Terms and Conditions stated in this leaflet.
#Please refer to the Terms and Conditions stated in the promotion leaflet for the definition(s).
New Product Reward - Max Goal II Insurance Plan Premium Discount
From 16 May 2025 to 30 June 2025, both dates inclusive, if customer successfully submits an application for the Max Goal II Insurance Plan, customer may be entitled to up to 3% premium discount.
New Product Reward Table
Max Goal II Insurance Plan Premium Discount | ||||||||
Designated Basic Plan | ||||||||
Designated Basic Plan | Designated Basic Plan | Max Goal II Insurance Plan | ||||||
Single Premium of Designated Basic Plan | ||||||||
Single Premium of Designated Basic Plan | Single Premium of Designated Basic Plan | Premium Discount Percentage on Each Eligible Basic Plan of New Product Reward# (% of Single Premium of Eligible Basic Plan of New Product Reward) | ||||||
Below USD500,000 | ||||||||
Below USD500,000 | Below RMB3,250,000 | Below HKD4,000,000 | 1%13 | |||||
USD500,000 - USD999,999 | ||||||||
USD500,000 - USD999,999 | RMB3,250,000– RMB6,499,999 | HKD4,000,000– HKD7,999,999 | 2%13 | |||||
USD1,000,000 or above | ||||||||
USD1,000,000 or above | RMB6,500,000 or above | HKD8,000,000 or above | 3%13 | |||||
13. For details of New Product Reward, please refer to the section of New Product Reward of the Terms and Conditions stated in the promotion leaflet.
#Please refer to the Terms and Conditions stated in the promotion leaflet for the definition(s).
Enjoy up to 8 months’ premium refund on AXA WiseGuard Pro Medical Insurance Plan*!
* For details, please refer to the relevant promotion leaflet. Terms and conditions apply.
Enjoy up to 8 months’ premium refund *!
*For details, please refer to the relevant promotion leaflet. Terms and conditions apply.
Enjoy a 4.5% p.a. guaranteed preferential interest rate*!
*For details, please refer to the relevant promotion leaflet. Terms and conditions apply
Enjoy up to 3% Premium Discount
*For details, please refer to the relevant promotion leaflet. Terms and conditions apply
Enjoy up to 10% premium refund*!
*For details, please refer to the relevant promotion leaflet. Terms and conditions apply.
Enjoy up to 10% premium refund*!
*For details, please refer to the relevant promotion leaflet. Terms and conditions apply.
Enjoy up to 7% premium refund*!
*For details, please refer to the relevant promotion leaflet. Terms and conditions apply
【Limited time offer】
Apply and enjoy up to 30% premium refund#
Enjoy up to 4.8% p.a. guaranteed preferential interest rate on prepaid premiums#
#Terms and conditions of this promotion apply. For details, please refer to the below promotion leaflet.
Enjoy up to 5 months’ premium refund*!
*For details, please refer to the relevant promotion leaflet. Terms and conditions apply.
Enjoy up to 5 months' premium refund*!
*For details, please refer to the relevant promotion leaflet. Terms and conditions apply.
Enjoy up to a 5% premium discount every policy year#
# For details, please refer to the relevant promotion leaflet. Terms and conditions apply.
Enjoy 1% premium refund*!
*For details, please refer to the relevant promotion leaflet. Terms and conditions apply
Enjoy a perpetual premium discount up to 30%#!
#Discount is calculated based on the specific sum insured as at the policy application and renewal date.
Enjoy up to 5 months’ premium refund*!
*For details, please refer to the relevant promotion leaflet. Terms and conditions apply.
Enjoy up to 3% Premium Discount
*For details, please refer to the relevant promotion leaflet. Terms and conditions apply
Tax Assessment1, 2, 4 (HKD) | |
Annual personal income | |
Annual personal income | 384,000 |
Basic allowance | |
Basic allowance | (132,000) |
Mandatory contributions to recognised retirement schemes | |
Mandatory contributions to recognised retirement schemes | (18,000) |
Originally - Taxable income | |
Originally - Taxable income | 234,000 |
Originally - Tax payable (a) | |
Originally - Tax payable (a) | 21,780 |
Tax deduction for qualifying VHIS premiums | |
Tax deduction for qualifying VHIS premiums | (2,054) |
Tax deduction for qualifying annuity premiums | |
Tax deduction for qualifying annuity premiums | (60,000) |
Now - Taxable income | |
Now - Taxable income | 171,946 |
Now - Tax payable (b) | |
Now - Tax payable (b) | 12,072 |
Tax savings (a) – (b) | |
Tax savings (a) – (b) | 9,708 |
Tax Assessment1, 2, 4 (HKD) | |
Annual household income | |
Annual household income | 948,000 |
Mandatory contributions to recognised retirement schemes | |
Mandatory contributions to recognised retirement schemes | (24,600) |
Married person’s allowance | |
Married person’s allowance | (264,000) |
Child(ren) allowance | |
Child(ren) allowance | (260,000) |
Originally - Taxable income | |
Originally - Taxable income | 399,400 |
Originally - Tax payable (a) | |
Originally - Tax payable (a) | 49,898 |
Tax deduction for qualifying VHIS premiums | |
Tax deduction for qualifying VHIS premiums | (27,654) |
Tax deduction for qualifying annuity premiums | |
Tax deduction for qualifying annuity premiums | (120,000) |
Now - Taxable income | |
Now - Taxable income | 251,746 |
Now - Tax payable (b) | |
Now - Tax payable (b) | 24,796 |
Tax savings (a) – (b) | |
Tax savings (a) – (b) | 25,102 |
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