Bowtie, a digital-only everyday living insurance policy firm in Hong Kong, is extending its Voluntary Health and fitness Insurance plan (VHIS) product or service to clinical staff.In accordance with the corporation, the move displays appreciation to clinical staff which might be over the frontlines in the fight against COVID-19.
It is important for consumers to understand the medical insurance payout under these different medical circumstances and if their estimated coverage under the Standard Plan would be sufficient for their stay and medical treatment in a private hospital.The corporate unveiled two YouTube videos that includes former Hong Kong Monetary Secretary John Tsang, now a senior adviser with the insurance company. In the initially 1, Tsang along with other men and women mentioned how Hong Kong came alongside one another to handle the SARS outbreak in 2003. In addition, it showed how Bowtie labored using the MIT Hong Kong Innovation Node to distribute ten,000 bottles of hand sanitizers to Bowtie’s customers and lover organisations, specializing in the underprivileged.
During the 2nd online video, several health care staff mentioned their many problems since they encounter the present outbreak. Tsang then announced that Bowtie will deliver no cost VHIS programs to medical staff as well as their fast households, being a gesture of appreciation for his or her sacrifices.“We desire to fight from the virus, together with you,” Tsang said from the online video.Tax deduction for individual wellness insurance policy is simply available for Accredited Strategies beneath Voluntary Wellness Insurance plan Scheme (VHIS) which has been carried out by the Governing administration as from April one, 2019. It is possible to get pleasure from tax deduction to the present year of evaluation 2019/20 by acquiring VHIS prior to March 31, 2020.
From your yr of assessment 2019/20 onwards, taxpayers who buy Certified Designs beneath VHIS for them selves or their specified relatives described underneath the Inland Earnings Ordinance are suitable to use for tax deduction. The tax deductible number of qualifying premium is as many as a greatest of HK$8,000 per insured person per calendar year of evaluation, and there's no restrict around the number of insurance policies and insured people to say tax deduction. Having said that, the amount of premium qualifying for tax deduction (or tax-deductible quantity) will not equivalent the quantity of tax financial savings.
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Its lifetime insurance coverage and common insurance plan
Bowtie to extend VHIS item to healthcare staff members
a digital-only lifetime insurance corporation in Hong Kong
The corporation unveiled two YouTube films showcasing previous Hong Kong
