Best Group Medical Insurance for SMEs in Hong Kong

Recommendations by licensed insurance experts.

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Last update: 11th October 2022

Best insurers for group medical insurance & employee benefits

Attention, HR professionals and business managers! Need a hand finding a group medical insurance policy for your team? We're here to help.

Here is our selection of some top group medical insurance and employee benefits providers in Hong Kong*:

InsurerInsurance planPrice range
April FranceMYBUSINESS$$$
AXAGLOBAL HEALTH$$$
Bupa GlobalGLOBAL HEALTH PLANS$$$
Cigna GlobalGLOBAL HEALTH$$$
Now HealthWORLDCARE$$$

*In alphabetical order. This list is compiled based on our research and doesn’t aim to be exhaustive.

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While there is no legal obligation to provide employee medical benefits, it is by far the number one benefit employees are interested in, given that Hong Kong has one of the world's most expensive private healthcare systems. From Small and Medium Enterprises (SME) with less than 50 employees to large corporations with hundreds of staff, many companies provide health insurance cover for employees as an important tool to attract and retain top talents.

Our experts at Alea know all insurance products by heart and are here to recommend some top group medical insurers with the best costs, coverage, customer experience, claim process and additional features. No matter your business scale and budget, let us secure the most competitive benefits at the best price for you.

Here are our top picks of employee benefits providers in Hong Kong.

april france

April France

MYBUSINESS
Price: $$$

A great choice for startups and SMEs – April MyBusiness offers exceptional flexibility even when you are growing as a small team.

Alea
Pros
  • Can start from 1 employee
  • Flexible options for fewer than 5 employees
  • MHD (medical history disregard) from 10+ adults (Employees + Dependents)
Alea
Cons
  • Full medical underwriting (FMU) for less than 10 lives
axa insurance

AXA

GLOBAL HEALTH
Price: $$$

This international health coverage from AXA provides comprehensive protection for your team.

Alea
Pros
  • MHD (medical history disregard) from 5 employees
Alea
Cons
  • Mid-year servicing can be slow
Bupa insurance

Bupa Global

GLOBAL HEALTH PLANS
Price: $$$

Bupa Global's Global Health Plans are suited for teams that seek high-quality health cover plus reputable customer care.

Alea
Pros
  • MHD (medical history disregard) from 5 employees
  • Comprehensive coverage
  • Good servicing
Alea
Cons
  • Expensive
cigna insurance

Cigna Global

GLOBAL HEALTH
Price: $$$

Cigna is highly regarded for its worldwide health cover and reliable service. Get your team covered under their global policy to enjoy their employee wellness benefits.

Alea
Pros
  • Trusted brand
  • Comprehensive benefits
Alea
Cons
  • MHD (medical history disregard) from 10 employees

Now Health

WORLDCARE
Price: $$$

Now Health is a specialist in international health insurance and their Worldcare plan certainly takes a spot among the best SME benefits in the market.

Alea
Pros
  • Cost containment options
Alea
Cons
  • MHD (medical history disregard) from 10 employees
  • Slow servicing process

How do we select these insurers?

We have closely worked with our 25+ insurance partners for many years and we know their products inside out. As an independent insurance broker, we choose to work with insurers with an excellent track record and sell only products that we believe in, tried and tested. The above recommendations are made by our board of licensed insurance advisors based on criteria including the costs, coverage, customer experience, claim process and additional features of each insurer. In short, we are not paid to make these recommendations.

25+
Insurance partners
zurich insurancefwd insurancechubb insuranceliberty insurance

The bottom line

Let’s be frank, there is no “best” insurer or “one-size-fits-all” insurance plan. Every product has its own strengths & weaknesses and it is important that you have them in mind before signing a policy, which certainly takes a lot of browsing, reading and comparing. But with Alea, rest assured that you will get peace of mind as we simplify everything for you.

We tailor each recommendation to suit your specific needs and budget and provide unbiased advice on a case-by-case basis so you can find the best fit for your situation. Even better, our advisory service comes free of charge – since we are remunerated via a commission on the insurance premium you pay directly to the insurance provider!

Get in touch with an advisor today for a detailed comparison of your insurance options!

Which group medical insurance is best in Hong Kong?

Our picks of insurers for group medical insurance / employee health benefits are:

  • April International
  • AXA
  • Bupa Global
  • Cigna Global
  • Now Health

How much are group medical plans in Hong Kong?

Hong Kong has the second most expensive private healthcare sector in the world and this is reflected in health insurance premiums. In general, insurance premiums vary on several factors, namely age, country of residency, pre-existing conditions, benefits you choose and smoking habits. Get a personalized quote now to check the price.

How does the number of employees affect my group insurance options?

It is a norm that the larger your group size, the more margin of negotiation and thus flexibility you will have over the terms of your employee health benefits. With more than 10 employees, you can generally get discounts, MHD (medical history disregard) and even negotiate for better offers from the insurer. Small enterprises with below 10 employees, on the other hand, may have a more difficult time getting an ideal coverage.

Our advisors are experienced in dealing with the complexities. We have worked with some insurance providers to tailor group medical plans from as few as 1 or 2 employees. Tell us about your needs and budget, and we will work it out for you with the best options available!