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Adult’s VHIS Premium Comparison

Treatment costs can be a significant burden if you do not have medical insurance. Bowtie shows you how to get a medical plan with sufficient coverage with fair price.

Updated on 2023-05-18

If you are looking for a medical plan with sufficient protection with a reasonable price, you could consider VHIS Standard Plan! VHIS Standard Plans on the market offer similar protection. You could simply compare the premium of th plans and choose the best for yourself.

Male Graduates/ Working Professionals

Last year, Bowtie lowered the premiums of its VHIS Standardto become the cheapest plan in Hong Kong!

According to the website of the Health Bureau, the premium of Standard Plan for men aged 22-40 range from HK$1,032 to HK$4,104.

Bowtie charges 4 times cheaper than the most expensive plan, with a yearly difference of over HK$3,000 for 18-19 year-olds insured male.

The HK$3,000 saved in premiums can buy 2 more VHIS for a male aged 22-29!

The Cheapest VS the Most Expensive Plan

Ages	Bowtie	The most expensive VHIS	Difference
22	HK$1,188	HK$4,104	HK$2,916
23	HK$1,224	HK$4,104	HK$2,880
24	HK$1,260	HK$4,104	HK$2,844
25	HK$1,296	HK$4,104	HK$2,808
26	HK$1,344	HK$4,104	HK$2,760
27	HK$1,392	HK$4,104	HK$2,712
28	HK$1,416	HK$4,104	HK$2,688
29	HK$1,440	HK$4,104	HK$2,664
30	HK$1,476	HK$4,104	HK$2,628
31	HK$1,524	HK$4,914	HK$3,390
32	HK$1,584	HK$4,914	HK$3,330
33	HK$1,632	HK$4,914	HK$3,282
34	HK$1,692	HK$4,914	HK$3,222
35	HK$1,752	HK$4,914	HK$3,162
36	HK$1,800	HK$4,914	HK$3,114
37	HK$1,848	HK$4,914	HK$3,066
38	HK$1,896	HK$4,914	HK$3,018
39	HK$1,944	HK$4,914	HK$2,970
40	HK$2,052	HK$4,914	HK$2,862

Market Overview (Cheapest VS the Average)

For a fair comparison of prices, we compare Bowtie’s VHIS standard plan with all standard plans in the market (calculation includes Bowtie).

Male adults within the age range of 22-40, the yearly premium difference is up to HK$900.

Ages	Bowtie	Average annual premium of all plans on the market^	Difference
22	HK$1,188	HK$1,872	HK$684
23	HK$1,224	HK$1,904	HK$680
24	HK$1,260	HK$1,938	HK$678
25	HK$1,296	HK$1,996	HK$700
26	HK$1,344	HK$2,047	HK$703
27	HK$1,392	HK$2,097	HK$704
28	HK$1,416	HK$2,139	HK$723
29	HK$1,440	HK$2,182	HK$742
30	HK$1,476	HK$2,224	HK$748
31	HK$1,524	HK$2,317	HK$793
32	HK$1,584	HK$2,373	HK$789
33	HK$1,632	HK$2,434	HK$802
34	HK$1,692	HK$2,500	HK$808
35	HK$1,752	HK$2,588	HK$836
36	HK$1,800	HK$2,655	HK$855
37	HK$1,848	HK$2,727	HK$879
38	HK$1,896	HK$2,810	HK$914
39	HK$1,944	HK$2,891	HK$947
40	HK$2,052	HK$3,006	HK$954

HK$900 per year may not seem like a significant amount, but paying a little bit more will already allow you to purchase one extra VHIS for a 22-25-year-old male!

Female Graduates/ Working Professionals

For females who are within 22-40 years old, Bowtie VHIS Standard is also the cheapest in town!

According to the website of the Health Bureau, the premiums for Standard Plan for women aged 22-40 range from HK$1,356 to HK$5,994.

Bowtie charges >HK$3,000 cheaper than the most expensive plan

The HK$3,000 save can be used for buying two additional voluntary health insurance plans for a 22-25-year-old woman!

The Cheapest VS the Most Expensive Plan

Ages	Bowtie	The most expensive VHIS	Difference
22	HK$1,356	HK$4,104	HK$2,748
23	HK$1,392	HK$4,104	HK$2,712
24	HK$1,488	HK$4,104	HK$2,616
25	HK$1,548	HK$4,104	HK$2,556
26	HK$1,632	HK$4,104	HK$2,472
27	HK$1,704	HK$4,104	HK$2,400
28	HK$1,764	HK$4,104	HK$2,340
29	HK$1,824	HK$4,104	HK$2,280
30	HK$1,872	HK$4,230	HK$2,358
31	HK$1,920	HK$4,914	HK$2,994
32	HK$2,016	HK$4,914	HK$2,898
33	HK$2,076	HK$4,914	HK$2,838
34	HK$2,124	HK$4,914	HK$2,790
35	HK$2,196	HK$5,147	HK$2,951
36	HK$2,256	HK$5,156	HK$2,900
37	HK$2,340	HK$5,396	HK$3,056
38	HK$2,400	HK$5,620	HK$3,220
39	HK$2,460	HK$5,804	HK$3,344
40	HK$2,520	HK$5,994	HK$3,474

Market Overview (Cheapest VS the Average)

To make a fair comparison, we compared Bowtie VHIS Standard with all standard plans on the market.

For 22-40 years old female, Bowtie charges HK$1,200 cheaper than the average annual premium of all plans, which is enough to buy health insurance for another 22-25 years old female!

Ages	Bowtie	Average annual premium of all plans on the market^	Difference
22	HK$1,356	HK$2,096	HK$740
23	HK$1,392	HK$2,153	HK$761
24	HK$1,488	HK$2,220	HK$732
25	HK$1,548	HK$2,335	HK$787
26	HK$1,632	HK$2,414	HK$782
27	HK$1,704	HK$2,488	HK$784
28	HK$1,764	HK$2,551	HK$787
29	HK$1,824	HK$2,619	HK$795
30	HK$1,872	HK$2,690	HK$818
31	HK$1,920	HK$2,818	HK$898
32	HK$2,016	HK$2,897	HK$881
33	HK$2,076	HK$2,992	HK$916
34	HK$2,124	HK$3,080	HK$956
35	HK$2,196	HK$3,206	HK$1,010
36	HK$2,256	HK$3,291	HK$1,035
37	HK$2,340	HK$3,390	HK$1,050
38	HK$2,400	HK$3,502	HK$1,102
39	HK$2,460	HK$3,616	HK$1,156
40	HK$2,520	HK$3,755	HK$1,235

Note: The above prices are for VHIS "Standard Plan"of non-smoking insured for the respective age, updated as of Feb 14, 2023. For accurate quotes and product details, please consult each insurance company.
^Excludes premiums for additional contracts

⚡Bowtie VHIS Blog Promo！

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 【BLOGDECINSURE】to get 50% off the 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$186. 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.}

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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

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.