Insurance Companies in Hong Kong
A Guide for Locals and Expats
Hong Kong has one of the busiest insurance markets in Asia. As of late 2025, there were 159 authorised insurers operating in the city, covering everything from life and health to general and travel insurance. That number can make choosing a provider feel overwhelming.
This guide covers the main players what they offer, who they tend to serve, and what makes each one worth considering.
AIA Hong Kong
AIA is one of the largest insurers in the city and has been operating in Asia for over a century. Their agent network is one of the biggest in Hong Kong, which makes it easy to get face-to-face advice. Expats and locals both use AIA.
Key products:
- Life insurance
- Health insurance (with optional dental and outpatient add-ons)
- Critical illness cover
- Accident insurance
- Retirement planning
HSBC Life
HSBC Life has ranked as the leading life insurer in Hong Kong for three consecutive years since 2022. If you already bank with HSBC, applying for a life or savings policy through them is straightforward. Their products lean toward wealth accumulation and long-term savings.
Key products:
- Life insurance
- Savings and wealth accumulation plans
- Health insurance
- Protection plans for individuals and families
Best for:
People who want their banking and insurance under one roof.
Prudential Hong Kong
Prudential is a UK-based insurer with a long track record in Hong Kong. Their health plans include VHIS-certified options, which qualify for the HK$8,000 annual tax deduction per insured person.
Key products:
- Investment-linked insurance plans
- Life insurance
- VHIS-certified health insurance (tax-deductible up to HK$8,000/year per person)
- Retirement savings plans
Best for:
People who want insurance and savings combined in a single product.
Manulife Hong Kong
Manulife is a Canadian company with a strong presence in Hong Kong. A lot of people use them specifically for MPF management alongside other protection plans.
Key products:
- Life insurance
- Health insurance (individual and group)
- MPF (Mandatory Provident Fund) management
- Investment products
Best for:
Employers covering staff, and individuals who want MPF and insurance from the same provider.
AXA Hong Kong
AXA covers life, health, and general insurance. Their medical plans are VHIS-certified, meaning premiums are tax-deductible up to HK$8,000 per insured person each year. They are a solid option for both expats and locals looking for health cover with a strong digital experience.
Key products:
- WiseGuard and Smart Medicare health plans (VHIS-certified)
- Life insurance
- General insurance (motor, home, travel)
- 24/7 personal support and virtual doctor services
- Second medical opinion service
FWD Hong Kong
FWD is an Asia-based insurer that launched with a focus on making the buying process digital and direct. Many of their plans can be purchased online without going through an agent, which appeals to people who find the traditional process time-consuming.
Key products:
- Life insurance
- Health insurance
- General insurance
- MPF products
- Direct online purchasing no agent required
Cigna Healthcare
Cigna has been serving Hong Kong since 1933 and is one of the more popular choices among expats. Their international health plans cover both inpatient and outpatient care, and global coverage options follow you across borders useful for people who travel frequently or plan to relocate again.
Key products:
- International health insurance (Platinum, Gold, Silver tiers)
- VHIS-certified local health plans
- Group health plans for SMEs and multinationals
- Cigna Care Manager personal healthcare concierge service
- Cashless hospital admissions
Best for:
Expats who need coverage that works both in Hong Kong and internationally.
Bupa (Asia) Limited
Bupa is a UK-based health insurer focused specifically on medical coverage they do not offer life or general insurance. Their VHIS plans start at competitive monthly premiums and can be renewed up to age 100.
Key products:
- MyBasic VHIS (from HK$149/month)
- MyFlexi VHIS (from HK$238/month)
- Hero VHIS higher-tier comprehensive plan
- International health plans: Major Medical, Select, Premier, Elite
Best for:
People who want a health-only insurer with clear plan tiers and strong international coverage.
BOC Life (Bank of China Group Insurance)
BOC Life is backed by Bank of China, one of Hong Kong's major banks. Their products are distributed through the bank's branch network, so they are easy to access if you are already a BOC customer. Mainland Chinese visitors and new arrivals often choose BOC Life because of the familiarity with the Bank of China name.
Key products:
- Life insurance
- Health insurance
- Savings plans
- Cross-border service options for mainland Chinese clients
Zurich Insurance
Zurich operates on both the general and life insurance side in Hong Kong. For health, they have the ClinicGo Medical Insurance plan, one of the few that explicitly lists video consultation as a covered benefit.
Key products:
- ClinicGo Medical Insurance (includes telehealth/video consultations)
- Motor insurance
- Home insurance
- Travel insurance
- Business insurance
- Life insurance
Best for:
People who need non-life coverage motor, home, or business as well as health.
Sun Life Hong Kong
Sun Life is a Canadian company with a stable presence in Hong Kong. Their products focus on long-term protection and retirement savings rather than investment-linked products.
Key products:
- Life insurance
- Critical illness cover
- Retirement savings plans
- Individual health plans
Blue Cross (Asia-Pacific) Insurance
Blue Cross covers health, travel, home, and pet insurance. Their online platform lets you compare plans, buy a policy, and receive documents digitally. For families or frequent travellers who want to bundle multiple types of cover with one provider, Blue Cross is worth comparing.
Key products:
- Health insurance
- Travel insurance (single-trip and annual)
- Home insurance
- Pet insurance
- 24-hour worldwide emergency assistance
- Asia Miles membership rewards
Allianz Care
Allianz Care is the international health arm of Allianz Group, aimed at expats and globally mobile people. Their modular structure means you choose a core plan, add optional coverage, and select your geographical area so you are not paying for coverage you do not need.
Key products:
- Hong Kong Care (core plan)
- Hong Kong Care Plus
- Hong Kong Care Pro
- Optional add-ons: dental, maternity, mental health
- Flexible geographical coverage area selection
Best for:
Expats who want to build a plan around their specific needs and budget.
FTLife Insurance
FTLife is a Hong Kong-based insurer that offers life, health, and savings products. They joined the VHIS scheme and serve both individual and corporate clients. A licensed and regulated option for straightforward local coverage needs.
Key products:
- Life insurance
- VHIS-certified health insurance
- Savings plans
- Group insurance for companies
Bowtie
Bowtie is Hong Kong's first virtual insurer. They sell directly to consumers online with no agents involved, which keeps their premiums lower than many traditional options. Everything is managed through their app.
Key products:
- VHIS-certified health insurance plans
- No-agent direct purchase model
- Full app-based policy management
- Competitive premiums due to lower distribution costs
Best for:
People who are comfortable buying and managing insurance entirely online.
What to Check Before Choosing
All insurers operating in Hong Kong are regulated by the Insurance Authority (IA). Before signing up with any provider, check that they are on the IA's register of authorised insurers.
Read the policy details carefully and check for:
- Coverage limits and annual maximums
- Exclusions, especially for pre-existing conditions
- Claim procedures and typical processing times
- Renewal terms and whether premiums rise after a claim
- What happens to your cover if you leave Hong Kong permanently
For expats, the main question is whether you need local coverage only or a plan that travels with you internationally. Cigna, Bupa, and Allianz Care are built for international mobility. AIA, Prudential, and FWD are primarily structured around Hong Kong residency.