The government recently announced a new measure to encourage childbirth, where each newborn baby will receive a subsidy of $20,000. This fund can be utilized in various ways to maximize its value.

If you have the same question, you can consider the following example:

Gloria got married 2 years ago and enjoyed 2 years of couple life. She is now 29 years old and planning to have a baby. Gloria is expectant and want comprehensive care before and after delivery. She is also afraid of the childbirth process so intends to opt for a Caesarean section. Purchasing medical insurance would be a wise choice as it can provide her with medical coverage.

Initially, Gloria planned to buy maternity insurance through her friend who works as an agent. However, the plan her friend recommended had an annual premium of over $80,000. Fortunately, Gloria came across an advertisement of NowCompare, which is the most trusted broker in Hong Kong, and learned that the platform not only compares the prices of medical plans from different insurance companies, but also has experienced client managers who understand Gloria's plans and needs. They can recommend the most suitable insurance based on her budget. NowCompare also offers exclusive discounts!

NowCompare recommended a medical insurance plan with a premium of around $40,000 for Gloria. With the additional 15% discount available only via NowCompare, Gloria's premium was reduced to around $34,000. The government's subsidy of $20,000 could be used to subsidise the premium. As a result, Gloria only needed to pay roughly $14,000 to obtain coverage of $80,000!

Do you have plans to have a baby? Contact NowCompare now and let us help you save on several years' worth of formula milk expenses!

*Prices quoted above are all in HKD