Best Life Insurance in Hong Kong 2026

Term Critical Illness Insurance , also known as “pure critical illness insurance,” does not include any savings component. Its coverage terms are simpler than whole life critical illness insurance , and there is no need to calculate cash value. Term critical illness insurance only provides coverage for the insured during a fixed period (typically 1 year, 5 years, 10 years, 15 years, or 20 years).

Check out the 5 key comparison points for Term Critical Illness Insurance :

According to data from the Centre for Health Protection , malignant neoplasms (cancer), heart disease , and cerebrovascular diseases (including stroke ) are among the leading causes of death in Hong Kong . These three serious conditions often require extended treatment and recovery, so it is particularly important whether the critical illness policy covers the three major critical illnesses (cancer, heart disease, and stroke).

Individual term critical illness insurance policies may only cover cancer; some may cover the three major critical illnesses; while others may cover multiple critical illnesses (the three major ones plus other serious conditions) , so policyholders must understand this clearly before purchasing.

When comparing different products, it is not just about the number of covered critical illnesses. For example, some critical illness policies may cover over 100 conditions, but some of these might be very rare. Products with such “non-essential” coverage can put pressure on premium pricing, increasing the consumer’s burden.

Bowtie Critical Illness Insurance covers 4 early-stage critical illnesses and 42 severe critical illnesses, including the three major ones. Although the number may seem modest, it includes 4 additional coverages: “terminal illness,” “permanent total disability,” “inability to live independently,” and “major medical conditions.” This “4+42+4” coverage scope actually encompasses over 98% of critical illness claims 1 , providing sufficient protection.

Premiums are a long-term living expense, so policyholders should compare the premiums of different plans in addition to the coverage terms. Below, we provide the premiums for 3 plans for your reference:

From the table above, the Bowtie Term CI Early Stage and Multiple Cover has the lowest premiums among the three plans, with 10-year total premiums 58% cheaper than G Company (saving $33,560) and 50% lower than B Company (saving $24,750). The savings over 10 years could be enough to buy additional policies for your family.

Term CI ‘s cost-effectiveness is high, as Bowtie operates without intermediaries and leverages technology to eliminate unnecessary sales and administrative expenses.

Additionally, the Term CI series, like other Bowtie products, uses a monthly premium payment mode with absolutely no bundled components . Even if the insured no longer needs critical illness coverage in the future (for example, when the insured has retired), the policyholder can simply notify 30 working days in advance to cancel the policy freely.

Term CI series offers coverage from $100,000 up to a maximum of $4 million (depending on the policyholder’s age), allowing customers to choose their preferred coverage level;

G Company’s plan brochure and documents do not mention the maximum coverage amount, though the brochure provides an example with $200,000 USD (approximately $1.56 million);

As for B Company’s plan, it has a fixed coverage amount of $2.2 million, which includes $1 million for severe critical illness, $200,000 for early-stage critical illness, and $1 million for additional cancer coverage, with each payout limited to once in a lifetime.

In fact, Critical Illness Coverage Amount is not always better the higher it is; policyholders should not blindly pursue amounts in the hundreds of thousands or even millions.

It is generally recommended to set the critical illness coverage to 2-3 times the insured’s annual income. This way, if unfortunately diagnosed with a critical illness, living expenses during the period of stopping work for treatment and recovery (which typically takes 2-3 years from diagnosis to recovery) can be supported.

Overall, the subscription ages for Bowtie and the other two critical illness insurance plans are quite similar. In terms of renewal age, all three companies allow renewal up to 100 years old.

Ms Wong, 33 years old | Clerk 🙍🏻‍♀️

Insured Plan:

Bowtie Term CI

Why do you need this type of insurance?

I am particularly worried about the three major critical illnesses: cancer, stroke, and heart disease. In case I get one of them, I need money to cover daily expenses for my family and myself.

Why did you choose Bowtie?

I am afraid of agents selling high-commission plans that are not suitable for me, but Bowtie has no agents, so I can review the information myself and choose a suitable insurance.

Jessica Lee, 28 years old | Nurse 👩🏻‍🦰

Insured Plan:

Bowtie Term CI Multiple Cover

Why do you need this type of insurance?

In case something happens, such as a stroke or cancer, critical illness insurance can provide enough living expenses to cover daily costs and maintain quality of life.

Why did you choose Bowtie?

Because Bowtie has customer service to handle all policy issues, so I don’t worry about agents not following up. Contacting Bowtie customer service is very convenient, they respond quickly, and every representative is professional, thoroughly addressing my questions.

Mr Sit, 41 years old | Civil Servant 👨🏻

Insured Plan:

Bowtie VHIS Standard, Bowtie Term CI Multiple Cover

Why do you need this type of insurance?

Because private hospital care is relatively better quality, and critical illness medical expenses are very high, insurance is needed for emergencies.

Why did you choose Bowtie?

The premiums are cheaper, and online application and operations are very simple.

Interested in getting insured? Use the following premium calculator to get a quote!