Bowtie Story
Bowtie Story

Bowtie Corp Medical Insurance: Unveiling our first product upgrade

Over the past 4 years, Bowtie has been trusted by more than 500 enterprises in Hong Kong with their employee health benefits. To step up our offerings, we are introducing key upgrades to our group medical products with enhanced coverage from September 2024.
Author Bowtie Team
Date 2024-09-01
Updated on 2024-09-04
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Key upgrades across our package plansPremium adjustmentsIntroducing the Pro Platinum plan

As a partner to SMEs in Hong Kong, we share your commitment to your employees’ well-being. Amid global challenges and economic shifts, we’ve continuously improved our products and services to meet the evolving needs of our clients.

Following a thorough market analysis and product review, we’ve decided to launch a series of Corp Medical Insurance product upgrades on September 1, 2024.

Key upgrades across our package plans

1. Complimentary flu vaccines

We will offer annual flu vaccines at all plan levels except Basic Bronze* to protect your employees from seasonal flu. Each insured member will be eligible to receive a free quadrivalent influenza vaccine at our network clinics in the policy year.

2. Increased inpatient coverage

Healthcare costs have risen since we introduced our package plans in 2020 due to advancements in medical technology. To help you keep pace with medical inflation, we are raising the inpatient coverage limit of our Basic Silver and Pro Bronze plans from HK$20,000 to HK$25,000 per policy year. This means your employees will have greater financial security for essential medical expenses incurred during a hospital stay.

3. Accessible diagnostic imaging and lab test coverage

We are extending coverage for outpatient diagnostic and lab tests to all our Pro Care Series products. The Pro Bronze and Pro Silver plans now include a benefit of HK$500 per policy year, while the Pro Gold plan continues to offer coverage up to HK$1,500 per policy year. This benefit will allow your employees to access necessary diagnostic services, including X-rays, blood tests, ultrasounds, and biopsies, without incurring significant out-of-pocket expenses.

4. Enhanced life protection

Recognising the long-term protection needs of corporate employees, we are increasing the life insurance benefits for the Basic Silver and Pro Bronze plans from HK$20,000 to HK25,000. This upgrade aims to top up financial protection for your employees and their families in the event of misfortune, at the same time reducing coverage gaps between different plan levels.

  • *Applicable to plans Basic Silver, Basic Gold, Pro Bronze, Pro Silver, Pro Gold, and Pro Platinum.

Premium adjustments

We’ve enhanced the benefits of our Basic Silver, Basic Gold, and Pro Gold plans with no change to their current premiums. As for our Pro Bronze and Pro Silver plans, the benefit improvements will involve a necessary premium adjustment to ensure the long-term sustainability of our products while maintaining our competitive coverage and service.

Any new premiums will be effective upon your next renewal:

Plan levelNew premium (per member, per month)
Basic BronzeHK$10 (No change)
Basic SilverHK$98 (No change)
Basic GoldHK$198 (No change)
Pro BronzeHK$388
Pro SilverHK$488
Pro GoldHK$598 (No change)

 

Introducing the Pro Platinum plan

Bowtie has witnessed incredible growth in our corporate customers over the past few years, with their needs evolving alongside their success. To meet the demand for more comprehensive coverage, we’re excited to introduce our brand new Pro Platinum plan for businesses seeking the highest level of care for their employees (monthly premium at HK$798 per member).

 

Highlights of the Pro Platinum plan

Inpatient coveragePro Platinum provides higher inpatient coverage with an annual limit of HK$120,000, offering greater peace of mind for your employees and their families.
Outpatient diagnostic imaging and laboratory testsPro Platinum covers essential diagnostic services with an annual limit of HK$2,500, ensuring your employees have timely access to advanced imaging and testing.
Outpatient psychiatric coverageRecognising the growing importance of mental health, Pro Platinum stands out by including coverage for outpatient psychiatric consultations and treatment, supporting your employees’ mental well-being.
Dental benefitWith Pro Platinum, your employees are covered for two oral examinations and scalings per policy year, promoting optimal oral health.
Death benefitPro Platinum includes a compassionate death benefit of HK$120,000, payable to the designated beneficiary in the event of the insured member’s passing.

 

The Pro Platinum plan is priced at HK$798 per member per month.

For details, please refer to our product page and benefit schedules.

As we innovate and upgrade our insurance offerings, we remain committed to transparent and open communication about our product changes. For any questions, please contact our Customer Service team at cs@bowtie.com.hk.

Thank you for your continued support and trust!

 

The Bowtie Team

  • Customers should purchase a plan according to their company’s needs or actual conditions. The above is for reference only, please refer to the policy provisions for the detailed terms and conditions. Bowtie Corp Medical Insurance Plan is underwritten by Bowtie and is intended only for sale in Hong Kong.
Will existing customers benefit from the upgrade starting September 1?

Yes. The product enhancements outlined will automatically take effect from September 1, 2024. You’ll be able to enjoy the upgraded coverage regardless of your policy’s renewal date.

Will the premiums be adjusted at renewal?

We’ve worked hard to minimise financial impact while improving our offerings. For customers using our Basic Bronze, Basic Silver, Basic Gold, and Pro Gold plans, premiums will remain the same. If you’re enroled in our Pro Bronze or Pro Silver plans, you’ll see adjusted premiums reflecting the enhanced benefits at your next renewal.

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The content of this article is provided by Bowtie Team and serves for reference only. It does not represent Bowtie's position. Bowtie assumes no responsibility for any loss or damage incurred by any person as a result of using, misusing, or relying on any information or content herein. Any content related to Bowtie products in this article is for reference and educational purposes only. Customers should refer to the detailed terms and conditions on the relevant product web pages.

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