Insurance

VHIS No Claim Bonus 2025: Which Insurer Offers Best NCB?

Updated on 2025-05-27

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	3,921.04	22,861.19
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 20, 2024.}

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.}

Get a Quote Now

⚡Hurry! Bowtie Pink Flash Deal Ends Soon!

Tired of sky-high private hospital bills but hesitant about purchasing VHIS? Bowtie Pink provides full coverage*, with long-term premiums are substantially lower than market rates^.

For a limited time, use the exclusive Bowtie Blog promo code【BLOGENGINSURE】to get 60% off first year’s premium and secure top-tier health protection at an unbeatable price!

^{*Full coverage shall mean no itemized benefit sub-limits, and applies to designated benefit items only. The benefit payable shall be subject to the remaining deductible (if applicable), annual benefit limit, lifetime benefit limit and other limitations such as reasonable and customary charges, a pre-existing condition, “List of Designated Hospitals in Mainland China” and receiving medical treatment in the United States. For detailed terms and conditions, product risks, and exclusions, please refer to the relevant product website and policy.}
^{^For example, with Bowtie Pink (Ward) and the deductible option HK$80,000, the monthly premium for a 30-year-old non-smoker is HK$197. The premium comparison above is based on similar medical insurance plans with the ward level (data source on 27, July 2023), HK$50,000 to HK$80,000 deductibles, for a 30-year-old non-smoker. Different medical insurance plans have different coverage and benefit limits. For details, please refer to the relevant insurance policy and its terms and conditions.}

Author

Bowtie Team

The Bowtie Life Insurance Company Limited is an authorized life insurance company and Hong Kong’s very first virtual insurer approved. Through the use of modern technology and medical expertise, Bowtie offers an agent-free, commission-free and more convenient online platform for customers to quote, apply and claim for Voluntary Health Insurance Scheme (VHIS) anytime anywhere. Bowtie is ranked first in the direct channel sales throughout 2021. Stay up to date at www.bowtie.com.hk