Author
Bowtie Team
Updated on
2025-06-03
Disclaimer: This article is translated with the assistance of AI.
Sing Tao Daily compares 13 VHIS flexible plans, revealing Bowtie’s premiums are about 40% lower than other insurance companies. How is it possible? The Bowtie team breaks it down.
Bowtie Outperforms in Coverage and Premiums: About 40% Cheaper on Average*
Sing Tao Daily compared 13 voluntary medical insurance flexible plans with additional medical coverage (SMM) , comparing items such as annual coverage limit, daily room and board fees, surgical fees, additional medical coverage , and premiums, as detailed in the table below:
In multiple comparison items (such as daily room and board fees, surgical fees, and additional medical coverage), Bowtie’s VHIS (Standard) stands out, and its premiums are about 40% lower than the average*.
- * On average, for ages 25, 35, and 45 across the 13 policies, the premiums are $4,110, $5,277, and $7,805 respectively. Sing Tao reporters found that Bowtie has the lowest premiums in these three age groups, about 40% lower than the average.
Although Bowtie’s voluntary medical insurance flexible plan (basic) has per-item compensation limits, it regularly reviews and enhances coverage, and customers’ average out-of-pocket medical expenses are only about HK$2,000 ^ , offering excellent value for money.
^This is based on the average out-of-pocket amount for Bowtie’s voluntary medical insurance flexible plan (basic) as of February 2023.
What is Bowtie’s Secret to Setting Affordable Premiums?
1. No Agent, No Commission Charge
Traditional insurance companies incur substantial agent commissions. According to industry insiders , about 20 to 35% of the first-year premium for general medical insurance goes toward agent commissions, with 15 to 30% paid annually upon renewal.
In contrast, Bowtie uses an online direct sales model, eliminating agent commissions and leveraging technology with a small team of around 100 employees to serve over 100,000 customers, significantly reducing operational costs.
2. Adopt Reasonable Coverage
Bowtie’s flexible plan includes a 90-day waiting period for pre-existing conditions to prevent abuse and protect the interests of other policyholders. This design ensures appropriate coverage while keeping premiums reasonable.
3. Effective Risk Pool Management
Bowtie actively promotes client health by operating clinics and providing comprehensive health information, encouraging early detection and treatment of diseases to prevent more serious issues. These preventive measures help control long-term claims expenses.
What is the most important thing when buying VHIS? To be able to claim your compensation, of course! With Bowtie VHIS, the successful claim approval rate is 98.3% # .
Bowtie offers a variety of voluntary medical insurance plans, including Standard , Flexi Regular , Flexi Plus , and Bowtie Pink , to meet the needs of different customers.
Each plan has its own features and advantages, and it is recommended to compare them carefully before making a choice.
# The above is the average rate of approved claim cases as of February 2025.
Related Articles
Other Topics
Blood HealthBowtie StoryBusinessCancerChinese MedicineCovidCustomer ReviewDeathcareDental HealthDigestive HealthDoctor SpecialistsDrugsEar, nose, and throatEndocrinology & DiabetesExercisingEye HealthFinanceFood & NutritionGroup Medical InsuranceHealthHealth GlossaryHeart HealthHospitalsHot TopicsImmigrationKidney HealthKids HealthlearnLiver DiseaseLung & RespiratoryMedical Check UpsMen’s HealthMental HealthNervous SystemOrthopedicsOutpatient ServicesParentingPhysiotherapyPress ReleasePrevention/VaccinationProduct PhilosophyRealtyRheumatic DiseaseSeniors HealthSkin IssueSymptomsTreatment PlanUrologyWomen’s Health女性健康