4 LIHKG Questions Answered: Is Bowtie Cancer Fighter Good?

When it comes to cancer protection, many think of products like cancer medical insurance and critical illness insurance; some opinions suggest that having critical illness insurance is enough to handle cancer risks, but this might not be entirely accurate.

Cancer Medical Insurance and critical illness insurance aren’t mutually exclusive and can actually complement each other. For instance, Bowtie Cancer Fighter and Bowtie Term CI , each serve their own purpose with the following functions:

• Bowtie Cancer Fighter: It provides reimbursement on an actual cost basis for cancer treatment expenses, from diagnosis and monitoring checks to surgery, treatment, and medication costs*, with no deductible*.
• Bowtie Term CI: It offers a lump-sum payout when the insured is diagnosed with a specified critical illness, helping cover living expenses during the period of illness and work absence.

Therefore, both critical illness and cancer medical insurance are equally important. In the unfortunate event of a cancer diagnosis, the insured won’t have to worry about treatment costs or daily living expenses, allowing them to focus on recovery.

As for the coverage amount, let’s start with Bowtie Cancer Fighter . The product offers three lifelong coverage options, ranging from HK$1 million to HK$3 million. If your budget allows, opting for a higher lifelong coverage amount is ideal, as it provides more robust protection against risks like cancer recurrence, new cancer diagnoses, and medical inflation.

For Bowtie Term CI, the coverage amount really depends on the individual, but it’s generally recommended to base it on a multiple of your annual income. Since recovery from a critical illness often takes 2 to 3 years, setting the coverage to 2 to 3 times your annual income is a good benchmark.

Bowtie stays ahead of the curve, Bowtie Cancer Fighter covers the medication costs* for cancer treatment, including CAR-T therapy , with full coverage. Expenses for targeted therapy and immunotherapy are also included.

Since cancer treatments are constantly evolving, if the insured is recommended a new therapy by a registered doctor, Bowtie advises checking with our customer service team in advance to confirm if it’s covered under Bowtie Cancer Fighter, helping avoid any disputes later on.

Bowtie Cancer Protection provides worldwide coverage, but at the time of application, both the policyholder and the insured must reside in Hong Kong. The policy remains in effect even if the insured moves abroad temporarily or permanently (except in areas affected by sanctions or war). However, any address changes must be notified to Bowtie.

If the insured moves to a country with higher potential risks, we may charge additional premiums for that region. If the move is short-term, such as for travel, work, or studies, no extra premiums are required. For any inquiries, feel free to contact our customer service team.

With Bowtie, all claims can be completed entirely online, so you don’t need to return to Hong Kong in person, even if you’re overseas.

Bowtie offers a customer service hotline 3008 8123 , as well as a dedicated claims hotline 3001 5670 . All claims cases, from document review to approval and explanation, are handled and followed up by our claims team.

Based on our internal survey data from 2019 to 2022, Bowtie interacted with customers over 165,000 times , with a service satisfaction rating as high as 93% .

Here’s a reference for the Bowtie Cancer Protection claims process, required documents, and processing times:

Cancer is Hong Kong’s number one killer, with cases of death from cancer accounting for 29% of the total Death Registration Figures in 2021. There are many risk factors for cancer, and it’s hard to predict when it might strike. In addition to maintaining a healthy diet and regular exercise, you can also purchase cancer insurance, so that if you are unfortunately diagnosed with cancer, you won’t delay treatment due to insufficient medical expenses.

Bowtie Cancer Fighter covers all levels of malignant cancer and carcinoma in situ^, from diagnosis, monitoring checks, surgery, treatment to medication expenses* (including targeted drugs and immunotherapy), with broad coverage and no need to pay any deductible*.

If you are unfortunately diagnosed with cancer for the first time, the $1M cancer treatment coverage will be immediately activated. This $1M cancer treatment coverage will be reset and updated every 3 years after the first activation to cover cancer recurrence or other cancer diagnoses until the lifetime coverage limit is reached.

The product offers three lifetime coverage options: $1M / 2M / 3M, allowing comprehensive coverage for cancer recovery monitoring (up to 5 years after active treatment), recurrence, and other cancer diagnoses.