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Teens & Young Adults VHIS Premium Comparison

Are you planning to get medical insurance for your child but unsure about the cost? Bowtie has compiled the "Standard Premium" data of VHIS to help you get the most cost-efficient plan for your teens.

Updated on 2023-05-19

VHIS Standard Plans on the market offer similar protection. You can simply compare the premiums to decide which plan to choose.

Male in High School, College, or University

Bowtie VHIS Standard is the cheapest plan in Hong Kong!

According to the website of the Health Bureau, VHIS Standard for male that aged 13-21 charge from HK$1,032 to HK$4,104.

Bowtie charges almost 4-time cheaper than the most expensive plan for this age group of male, with a yearly difference of >HK$3,000.

The HK$3,000 saved in premiums can buy almost 3 more VHIS for a 16-year-old male!

The Cheapest VS the Most Expensive Plan

Age	Bowtie	The most expensive VHIS	Difference
13	HK$1,032	HK$2,916	HK$1,884
14	HK$1,032	HK$2,916	HK$1,884
15	HK$1,056	HK$2,916	HK$1,860
16	HK$1,080	HK$2,916	HK$1,836
17	HK$1,104	HK$2,916	HK$1,812
18	HK$1,104	HK$4,104	HK$3,000
19	HK$1,104	HK$4,104	HK$3,000
20	HK$1,116	HK$4,104	HK$2,988
21	HK$1,152	HK$4,104	HK$2,952

Market Overview (Cheapest VS the Average)

For a fair comparison of prices, we compare Bowties VHIS Standard with all standard plans on the market.

For the male aged between 13-21 years old, the yearly premium difference between Bowtie and the market average is HK$690.

Ages	Bowtie	Average annual premium of all plans on the market^	Difference
13	HK$1,032	HK$1,676	HK$644
14	HK$1,032	HK$1,680	HK$648
15	HK$1,056	HK$1,691	HK$635
16	HK$1,080	HK$1,711	HK$631
17	HK$1,104	HK$1,730	HK$626
18	HK$1,104	HK$1,762	HK$658
19	HK$1,104	HK$1,785	HK$681
20	HK$1,116	HK$1,812	HK$696
21	HK$1,152	HK$1,842	HK$690

Although HK$690 is not a large amount, but why not choose a more affordable plan when they are having similar coverage?

Female in High School, College, or University

For female students aged 13-21, Bowtie VHIS Standard remains the most affordable in Hong Kong!

According to the Health Bureau’s website, VHIS Standard for females aged 13-21 range from HK$1,092 to HK$4,104

Bowtie charges 3 times less than the most expensive plan, with a yearly difference of nearly HK$3,000 for the 19-20 years old female.

The HK$3,000 saved can buy 2 more VHIS for female students aged 13-21!

The Cheapest VS the Most Expensive Plan

Age	Bowtie	The most expensive VHIS	Difference
13	HK$1,092	HK$2,916	HK$1,824
14	HK$1,116	HK$2,916	HK$1,800
15	HK$1,116	HK$2,916	HK$1,800
16	HK$1,176	HK$2,916	HK$1,740
17	HK$1,236	HK$2,916	HK$1,680
18	HK$1,260	HK$4,104	HK$2,844
19	HK$1,296	HK$4,104	HK$2,808
20	HK$1,308	HK$4,104	HK$2,796
21	HK1,344	HK$4,104	HK$2,760

Market Overview (Cheapest VS the Average)

Similarly, we compare Bowtie’s VHIS standard with all standard plans on the market.

For female within the age range of 13-21, Bowtie is HK$690 cheaper than the average annual premium of the market .

Ages	Bowtie	Average annual premium of all plans on the market^	Difference
13	HK$1,032	HK$1,699	HK$607
14	HK$1,032	HK$1,720	HK$604
15	HK$1,056	HK$1,741	HK$625
16	HK$1,080	HK$1,789	HK$613
17	HK$1,104	HK$1,819	HK$583
18	HK$1,104	HK$1,882	HK$622
19	HK$1,104	HK$1,935	HK$639
20	HK$1,116	HK$1,983	HK$675
21	HK$1,152	HK$1,699	HK$698

HK$690 is not a large amount, but since the protection is similar, choosing a more affordable plan is definitely more cost-effective!

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

Quote Now!

⚡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.