Elderly - Comparison of Premium for Medical Insurance

VHIS Standard Plans on the market offer similar protection. You may compare premium directly to decide which plan to choose from.

Bowtie VHIS Standard is the cheapest plan in Hong Kong!

According to the website of the Health Bureau, the VHIS Standard premiums for men aged 61-70 range from HK$5,762 to HK$30,330.

Bowtie charges up to three times cheaper than the most expensive plan, with an annual difference of over HK$21,174 for 70-year-olds insured.

Saving HK$21,164 is not a small amount and can be used to purchase insurance for family members of different ages

The Cheapest VS the Most Expensive Plan

Ages	Bowtie	The most expensive VHIS	Difference
61	HK$5,760	HK$16,200	HK$10,440
62	HK$6,180	HK$16,799	HK$10,619
63	HK$6,576	HK$17,534	HK$10,958
64	HK$6,936	HK$18,279	HK$11,343
65	HK$7,272	HK$19,034	HK$11,762
66	HK$7,620	HK$19,793	HK$12,173
67	HK$7,968	HK$20,549	HK$12,581
68	HK$8,340	HK$21,297	HK$12,957
69	HK$8,736	HK$22,032	HK$13,296
70	HK$9,156	HK$30,330	HK$21,174

Market Overview (Cheapest VS the Average)

For fair comparison, we also compared Bowtie VHIS standard with the average annual premiums of all standard plans on the market.

Within the range of 61 to 70 years old men, the difference in annual premiums can be up to HK$4,600.

Saved premium (HK$4,600) is enough to purchase another insurance for your grandsons/sons (men aged 22 to 40).

Ages	Bowtie	Average annual premium of all plans on the market^	Difference
61	HK$5,760	HK$8,543	HK$2,783
62	HK$6,180	HK$8,947	HK$2,767
63	HK$6,576	HK$9,361	HK$2,785
64	HK$6,936	HK$9,782	HK$2,846
65	HK$7,272	HK$10,633	HK$3,361
66	HK$7,620	HK$11,126	HK$3,506
67	HK$7,968	HK$11,583	HK$3,615
68	HK$8,340	HK$12,063	HK$3,723
69	HK$8,736	HK$12,611	HK$3,875
70	HK$9,156	HK$13,790	HK$4,634

For retired women aged 61-70, Bowtie VHIS Standard is also the cheapest in Hong Kong!

According to the website of the Health Bureau, the VHIS Standard premiums for women aged 61-70 range from HK$5,412 to HK$30,330.

Bowtie charge up to HK$20,000 cheaper than the most expensive plan.

HK$20,000 saved can be used to purchase insurance for family members of different ages!

The Cheapest VS the Most Expensive Plan

Ages	Bowtie	The most expensive VHIS plan	Difference
61	HK$5,580	HK$16,200	HK$10,620
62	HK$5,880	HK$16,799	HK$10,919
63	HK$6,252	HK$17,534	HK$11,282
64	HK$6,588	HK$18,279	HK$11,691
65	HK$6,912	HK$19,034	HK$12,122
66	HK$7,260	HK$19,793	HK$12,533
67	HK$7,524	HK$20,549	HK$13,025
68	HK$7,788	HK$21,297	HK$13,509
69	HK$8,160	HK$22,032	HK$13,872
70	HK$8,556	HK$30,330	HK$21,774

Market Overview (Cheapest VS the Average)

By comparing Bowtie’s VHIS Standard with the average annual premiums of all plans in the market.

For 61-70 years old retirees, the difference in premiums can be over HK$4,600 for men and over HK$4,800 for women.

The saved money are enough to purchase two more medical insurance for a woman (Granddaughter/ Daughter) aged between 22-40.

Ages	Bowtie	Average annual premium of all plans on the market^	Difference
61	HK$5,580	HK$8,543	HK$2,963
62	HK$5,880	HK$8,947	HK$3,067
63	HK$6,252	HK$9,361	HK$3,109
64	HK$6,588	HK$9,782	HK$3,194
65	HK$6,912	HK$10,633	HK$3,721
66	HK$7,260	HK$11,126	HK$3,866
67	HK$7,524	HK$11,583	HK$4,059
68	HK$7,788	HK$12,063	HK$4,275
69	HK$8,160	HK$12,611	HK$4,451
70	HK$8,556	HK$13,790	HK$5,234

Note: The above prices are for VHIS "Standard Plan"of non-smoking insured for the respective age, updated as of Dec 20, 2024. For accurate quotes and product details, please consult each insurance company.
^Do not include the premium of the agreement.

⚡Bowtie VHIS Learning Centre 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 Learning Centre promo code 【BLOGENGLEARNING】to get 70% off in first year’s premium and secure top-tier health protection at an unbeatable price!

At the same time, for just HK$100 per month, policyholders can add on the GHK Wellness Package / CUHKMC Wellness Package, providing comprehensive coverage for your medical needs!

^{*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.}

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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.

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