Migration from existing medical plan to VHIS plan

Eligible customers can migrate their existing designated medical insurance plan of China Life (Overseas) (“designated plan”) to voluntary health insurance scheme (“VHIS plan”).

 

 

 

 

 

 

 

Terms and conditions

1. The Application and Declaration Form for Voluntary Health Insurance Scheme (VHIS) Migration (the “Declaration Form”) must be submitted to the Company 75 days to 15 days (inclusive) prior to the policy anniversary of the original policy (“plan migration application period”). Submission out of the above period will be rejected; and
2. For the original policy belongs to Hospital Care Whole Life Insurance Plan Series, the original policy will be terminated upon the new policy is effective (“complete migration”); surrender value (if any) and remaining balance of premiums and levy of the original policy will be payable to the policyholder by a crossed cheque in policy currency; and
3. For the original policy belongs to MasterCare Medical Insurance Plan Series, the no claim deductible discount provided by the original policy will be forfeited and the number of policy years without claims (if applicable) under the new policy will be counted starting from zero upon complete migration; and
4. The effective date of the following items will remain unchanged in the new policy (that is, the same as the original policy) if underwriting is not required when the original policy migrate to the new policy. Otherwise, they shall be counted starting from the effective date of the new policy:
   (i) all exclusion(s);
   (ii) loading rate(s);
   (iii) special term(s) and condition(s)(if applicable); and
5. For pre-existing condition(s) that the policyholder or insured person was not aware and would not reasonably have been aware of at the time of submission of application, provided that underwriting is not required during migration from the original policy to the new policy, the waiting period of the new policy shall commence from the policy issuance date, policy effective date or the date of the latest reinstatement of the original policy (whichever is the latest); otherwise, the waiting period shall commence from the policy issuance date or policy effective date (whichever is earlier) of the new policy; and
6. Section V (Family Details) and VI (Health and Related Details) of Life Insurance Application Form are not required for migration without underwriting according to the VHIS Mapping Table; and
7. The eligible medical plan(s) under the original policy will be terminated on the effective date of the new policy upon completing migration; and
8. Any remaining balance of premiums and levy (the “balance”) in the original policy (except Hospital Care Whole Life Insurance Plan Series), will be refunded in the original policy currency if the policy currency of the original policy and the new policy are the same; otherwise, the balance in the original policy will be converted into Hong Kong dollars equivalent to the policy currency of the new policy and be refunded; and
9. If the eligible medical plan is a basic plan under the original policy, any supplementary benefit (s) attached under the original policy will be terminated upon complete migration; and
10. If there are any additional exclusion(s) and/or loading rate(s) and/or special term(s) and condition(s) resulted from underwriting during migration (if applicable), the policyholder has the rights to cancel the migration and keep the eligible medical plan(s) under the original policy; and
11. Under no circumstances, the new policy can be reversed to the original policy (including cooling off period) upon complete migration; and
12. Please submit the Declaration Form together with other relevant application documents; and
13. The Company shall have the final decision with respect to the application for VHIS migration.

Important Information