Teens & Young Adults VHIS Premium Comparison

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  1. 0Intro
  2. 1 What is Medical Insurance?
  3. 2 What is VHIS?
  4. 3 Types of VHIS
  5. 4 VHIS Premiums
  6. 5 VHIS Coverage/ Benefits
  7. 6 VHIS Tax Deduction Guide
  8. 7 How to get insured and file claims?
  9. 8 Slangs you may be interested in
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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.

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
AgeBowtieThe most expensive VHISDifference
13HK$1,032HK$2,916HK$1,884
14HK$1,032HK$2,916HK$1,884
15HK$1,056HK$2,916HK$1,860
16HK$1,080HK$2,916HK$1,836
17HK$1,104HK$2,916HK$1,812
18HK$1,104HK$4,104HK$3,000
19HK$1,104HK$4,104HK$3,000
20HK$1,116HK$4,104HK$2,988
21HK$1,152HK$4,104HK$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.

AgesBowtieAverage annual premium of
all plans on the market^
Difference
13HK$1,032HK$1,676HK$644
14HK$1,032HK$1,680HK$648
15HK$1,056HK$1,691HK$635
16HK$1,080HK$1,711HK$631
17HK$1,104HK$1,730HK$626
18HK$1,104HK$1,762HK$658
19HK$1,104HK$1,785HK$681
20HK$1,116HK$1,812HK$696
21HK$1,152HK$1,842HK$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
AgeBowtieThe most expensive VHISDifference
13HK$1,092HK$2,916HK$1,824
14HK$1,116HK$2,916HK$1,800
15HK$1,116HK$2,916HK$1,800
16HK$1,176HK$2,916HK$1,740
17HK$1,236HK$2,916HK$1,680
18HK$1,260HK$4,104HK$2,844
19HK$1,296HK$4,104HK$2,808
20HK$1,308HK$4,104HK$2,796
21HK1,344HK$4,104HK$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 .

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