Author
Bowtie Team
Updated on
2025-12-29
Disclaimer: This article is translated with the assistance of AI.
No Claim Bonus (NCB/NCD) is a discount on renewal premiums if no claims are made. Which VHIS has the best NCB? Read the blog to find out!
Bowtie No-Claims Reward Starts As Soon As 6-Months!
Table 1: Comparison of VHIS No-Claims Discounts/Rewards
| Insurance Company | Earliest Start Time | No-Claims Discount/Reward | Discount/Reward Form |
| Bowtie | Continuous 6 Months No-Claims | 8% | BowtieCash , which can be used to pay for excess medical expenses or redeem specified health services |
| Company M | Continuous 2 Years No-Claims | 8%* | Premium Discount |
| Company F | Continuous 2 Years No-Claims | 10%* | Premium Discount |
| Company A | Continuous 3 Years No-Claims | 5%* | Premium Discount |
*May vary with the no-claims period.
Among the 4 companies, Bowtie has the earliest start time for no-claims rewards (just 6 months!), allowing you to earn an amount equivalent to 8% of that month’s premium in BowtieCash ( $1 HKD equals $1 BowtieCash).
BowtieCash can be used to pay for medical expenses that exceed the policy limit in future claims, or to redeem specified health check services.
If you have made a claim, as long as there are no claims in the following 12 months, you can enjoy the 8% BowtieCash no-claim reward again.
Why Is No-Claim Discount An Attractive Deal?
For the other three companies, they provide as a premium discount, requiring two or three consecutive years to receive the no-claim reward.
As shown in the table below, Bowtie’s VHIS premiums are highly competitive even without considering the no-claim discount. Consumers can enjoy these favourable rates without waiting for years.
Table 2: Comparison of Average Annual Premiums for Different VHIS from 0 to 80 Years Old
Arranged from lowest to highest price
| Insurance Company | Standard Plan | Flexi Plan (Full Reimbursement Product) |
| Bowtie | 4,103.40 | 20,253.33 |
| Company M | 4,387.28 | 33,387.86 |
| Company A | 5,552.43 | 32,387.85 |
| Company F | 5,608.65 | 27,618.42 |
* Assuming the insured is a non-smoking male. Flexible plan assumes standard room, $0 deductible. Data as of December 29, 2025.
Claim Approval Rates Are Vital When Choosing VHIS Products!
For example, with Bowtie’s VHIS, the claim approval rate is 98.3%*. Bowtie offers various VHIS plans, including Standard Plan , Flexi – Regular , Flexi – Plus , and Bowtie Pink , to meet different customers’ needs. Each plan has its own features and advantages, so it is recommended to compare them carefully before choosing.
*This is the average approval rate for claims under Bowtie’s VHIS Standard Plan, Flexi – Regular, Flexi – Plus, and Bowtie Pink as of February 2025.
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