Protect your whole family and apply for a higher tax deduction amount
To help you budget smarter, the premiums you pay for AIA Voluntary Health Insurance Standard Scheme is eligible to be deducted from your annual taxable income, up to an aggregate limit of HKD8,000 for VHIS policies per insured person per tax payer per year.
There is no cap on the number of VHIS policies that a taxpayer can use to claim tax deductions each year, as long as all the policies are held by the same taxpayer and cover yourself and / or your dependants. Dependants include your spouse or child, or a parent, grandparent or sibling of you or your spouse.
In other words, if you take up AIA Voluntary Health Insurance Standard Scheme for yourself, your spouse, your son and your mother as an example (i.e. four insured persons) and pay the required premiums in the same taxable year, the annual tax deduction amount for you would be up to HKD32,000 (i.e. HKD8,000 x 4).