Compare Life Insurance Premium
Let Bowtie compare the premiums of 4 insurance companies that offer online applications in Hong Kong and help you seek the most affordable term life insurance product.
👨 18 to 30-year-old male
| Age | Bowtie Term Life  | Insurer A | Insurer B | Insurer C |
| 18 | HK$37 | HK$67.5 | HK$46.67 | HK$55.96 |
| 19 | HK$43 | HK$67.5 | HK$49.17 | HK$56.67 |
| 20 | HK$46 | HK$67.5 | HK$50 | HK$56.67 |
| 21 | HK$49 | HK$67.5 | HK$50 | HK$56.76 |
| 22 | HK$50 | HK$67.5 | HK$50 | HK$56.76 |
| 23 | HK$49 | HK$67.5 | HK$50 | HK$56.76 |
| 24 | HK$48 | HK$67.5 | HK$50 | HK$56.76 |
| 25 | HK$47 | HK$67.5 | HK$50 | HK$56.76 |
| 26 | HK$44 | HK$67.5 | HK$50 | HK$57.56 |
| 27 | HK$41 | HK$68.4 | HK$50 | HK$58.46 |
| 28 | HK$40 | HK$69.3 | HK$50 | HK$60.06 |
| 29 | HK$38 | HK$72 | HK$50 | HK$62.66 |
| 30 | HK$38 | HK$73.8 | HK$50 | HK$65.17 |
👩 18 to 30-year-old female
| Age | Bowtie Term Life 💰 | Insurer A 💰💰 | Insurer B | Insurer C |
| 18 | HK$24 | HK$60.3 | HK$26.67 | HK$47.55 |
| 19 | HK$24 | HK$60.3 | HK$26.67 | HK$47.55 |
| 20 | HK$25 | HK$60.3 | HK$26.67 | HK$47.55 |
| 21 | HK$25 | HK$60.3 | HK$26.67 | HK$49.25 |
| 22 | HK$26 | HK$60.3 | HK$26.67 | HK$49.25 |
| 23 | HK$26 | HK$60.3 | HK$26.67 | HK$49.25 |
| 24 | HK$27 | HK$60.3 | HK$26.67 | HK$50.05 |
| 25 | HK$27 | HK$60.3 | HK$27.5 | HK$50.05 |
| 26 | HK$27 | HK$60.3 | HK$29.17 | HK$51.75 |
| 27 | HK$27 | HK$61.2 | HK$30.83 | HK$52.55 |
| 28 | HK$28 | HK$61.2 | HK$32.5 | HK$53.45 |
| 29 | HK$28 | HK$61.2 | HK$33.33 | HK$55.06 |
| 30 | HK$29 | HK$62.1 | HK$34.17 | HK$55.96 |
👨 31 to 40-year-old male
| Age | Bowtie Term Life 💰 | Insurer A | Insurer B | Insurer C |
| 31 | HK$40 | HK$76.5 💰💰 | HK$50 | HK$69.27 |
| 32 | HK$42 | HK$78.3 💰💰 | HK$50 | HK$71.77 |
| 33 | HK$45 | HK$81 💰💰 | HK$51.67 | HK$75.98 |
| 34 | HK$49 | HK$84.6 💰💰 | HK$54.17 | HK$80.98 |
| 35 | HK$53 | HK$89.1 💰💰 | HK$54.17 | HK$85.99 |
| 36 | HK$56 | HK$92.7 💰💰 | HK$56.67 | HK$91.79 |
| 37 | HK$59 | HK$97.2 | HK$60.83 | HK$97.7 💰💰 |
| 38 | HK$62 | HK$102.6 | HK$66.67 | HK$103.5 💰💰 |
| 39 | HK$65 | HK$108 | HK$72.5 | HK$111.01 💰💰 |
| 40 | HK$68 | HK$116.1 | HK$80 | HK$119.42 💰💰 |
👩 31 to 40-year-old female
| Age | Bowtie Term Life 💰 | Insurer A | Insurer B | Insurer C |
| 31 | HK$31 | HK$63 💰💰 | HK$35 | HK$57.76 |
| 32 | HK$32 | HK$64.8 💰💰 | HK$35.83 | HK$60.06 |
| 33 | HK$35 | HK$66.6 💰💰 | HK$37.5 | HK$61.76 |
| 34 | HK$38 | HK$72 💰💰 | HK$39.17 | HK$65.17 |
| 35 | HK$40 | HK$76.5 💰💰 | HK$41.67 | HK$67.67 |
| 36 | HK$42 | HK$77.4 💰💰 | HK$45 | HK$70.97 |
| 37 | HK$44 | HK$78.3 💰💰 | HK$48.33 | HK$75.18 |
| 38 | HK$45 | HK$79.2 | HK$51.67 | HK$79.28 💰💰 |
| 39 | HK$47 | HK$80.1 | HK$55 | HK$84.28 💰💰 |
| 40 | HK$48 | HK$84.6 | HK$56.67 | HK$90.99 💰💰 |
| Age | Bowtie Term Life 💰 | Insurer A | Insurer B | Insurer C 💰💰 |
| 41 | HK$75 | HK$125.1 | HK$87.5 | HK$126.93 |
| 42 | HK$82 | HK$134.1 | HK$95 | HK$136.94 |
| 43 | HK$90 | HK$144.9 | HK$101.67 | HK$147.75 |
| 44 | HK$99 | HK$156.6 | HK$109.17 | HK$159.46 |
| 45 | HK$108 | HK$170.1 | HK$115 | HK$172.77 |
| 46 | HK$115 | HK$184.5 | HK$125 | HK$186.99 |
| 47 | HK$123 | HK$201.6 | HK$136.67 | HK$204.5 |
| 48 | HK$132 | HK$220.5 | HK$148.33 | HK$221.22 |
| 49 | HK$141 | HK$240.3 | HK$163.33 | HK$242.94 |
| 50 | HK$152 | HK$262.8 | HK$180 | HK$267.17 |
| Age | Bowtie Term Life 💰 | Insurer A | Insurer B | Insurer C 💰💰 |
| 41 | HK$53 | HK$90 | HK$60.83 | HK$101 |
| 42 | HK$58 | HK$95.4 | HK$64.17 | HK$109.41 |
| 43 | HK$63 | HK$101.7 | HK$68.33 | HK$118.52 |
| 44 | HK$69 | HK$109.8 | HK$72.5 | HK$128.53 |
| 45 | HK$75 | HK$117.9 | HK$78.33 | HK$141.94 |
| 46 | HK$82 | HK$126 | HK$85.83 | HK$157.76 |
| 47 | HK$89 | HK$135.9 | HK$94.17 | HK$172.77 |
| 48 | HK$96 | HK$145.8 | HK$103.33 | HK$186.99 |
| 49 | HK$104 | HK$157.5 | HK$113.33 | HK$205.41 |
| 50 | HK$113 | HK$170.1 | HK$124.17 | HK$226.23 |
| Age | Bowtie Term Life 💰 | Insurer A | Insurer B | Insurer C# |
| 51 | HK$167 | HK$287.1 | HK$205 | HK$296.4 💰💰 |
| 52 | HK$184 | HK$313.2 | HK$225 | HK$326.43 💰💰 |
| 53 | HK$204 | HK$341.1 | HK$255.83 | HK$358.96 💰💰 |
| 54 | HK$226 | HK$373.5 💰💰 | HK$282.5 | HK$329.73 |
| 55 | HK$251 | HK$408.6 | HK$320 | HK$442.44 💰💰 |
| 56 | HK$285 | HK$447.3 | HK$360 | HK$489.19 💰💰 |
| 57 | HK$324 | HK$489.6 | HK$399.17 | HK$539.34 💰💰 |
| 58 | HK$367 | HK$536.4 | HK$444.17 | HK$596.1 💰💰 |
| 59 | HK$417 | HK$589.5 | HK$485.83 | HK$666.17 💰💰 |
| 60 | HK$472 | HK$648 💰💰 | HK$546.67 | / |
| Age | Bowtie Term Life 💰 | Insurer A | Insurer B | Insurer C# 💰💰 |
| 51 | HK$122 | HK$184.5 | HK$135 | HK$252.15 |
| 52 | HK$133 | HK$201.6 | HK$145 | HK$276.38 |
| 53 | HK$144 | HK$219.6 | HK$156.67 | HK$299.7 |
| 54 | HK$156 | HK$239.4 | HK$169.17 | HK$399.1 |
| 55 | HK$170 | HK$261.9 | HK$183.33 | HK$362.36 |
| 56 | HK$185 | HK$285.3 | HK$203.33 | HK$399.9 |
| 57 | HK$201 | HK$312.3 | HK$222.5 | HK$440.84 |
| 58 | HK$218 | HK$342.9 | HK$245 | HK$487.59 |
| 59 | HK$237 | HK$378 | HK$272.5 | HK$536.84 |
| 60 | HK$258 | HK$417.6 💰💰 | HK$306.67 | / |
- *Assuming the insured is a non-smoker and the sum assured of term life insurance is HK$1,000,000
- #The insured of Insurer C must be aged 59 or below
- 💰 refers to the most affordable choice, 💰💰 refers to the most expensive choice
- The above premiums were referenced from the official websites of respective insurance companies on October 29, 2021. The insurance companies may update the premiums from time to time. Please refer to the official website for the actual quotes.
Others Factors Affecting the Premiums
In addition to personal factors such as age, smoking habits, and health conditions, the premiums of term life insurance policies may also fluctuate based on macro-economic factors.
For example, as medical technology advances and new drugs are introduced, some once-deadly diseases may become treatable, leading to longer life expectancies and potentially lower life insurance premiums.
On the other hand, if natural disasters and accidents become more frequent, and virulent diseases pose an increasing risk to human life, life insurance premiums may increase.
In addition, the premium payment options can also affect life insurance pricing. The most common payment options offered by insurance companies are monthly and annual payments.
Generally, the higher the premium payment made at one time, the greater the premium discount offered. Therefore, many companies offer lower annual premiums compared to monthly payments.
At the same time, policy renewal terms should also be considered. If your life insurance policy is renewable annually, the premium is usually cheaper than plans that renew every 5 or 10 years. This is because the premium for annual renewal only considers the risk for the next year, resulting in a lower premium.
Here is an example to help you understand how policy renewal terms affect the premium of life insurance:
| Monthly Premium | |||
| 5 years | 10 years | 20 years | |
| Insurer A | HK$89.1 | HK$90 | HK$128.7 |
Although the pricing principles for life insurance are generally similar, each insurance company has different operating costs, resulting in differences in premiums.
As the first virtual insurance company in Hong Kong, Bowtie is committed to reducing unnecessary administrative costs and passing on the savings to policyholders, providing Hong Kong people with better value for their money.
Therefore, even with only monthly payment options, Bowtie’s life insurance premiums are still the lowest in Hong Kong compared to other insurance companies.
- *Assuming the insured is a non-smoking male aged 35-years-old, and the sum assured of the life insurance is HK$1 million
