- As of April 1, 2021, 32 VHIS Standard Plans and 263 Flexi Plans (including different currencies and benefit levels) have launched.
- Bowtie lowered its basic premium since April 1, 2020. VHIS Standard Plan premium for a 25 year old non-smoking male is only $109. Check out Bowtie’s latest premium rates.
- According to information released by Food and Health Bureau in April 2019, VHIS Standard Plans coverage across all insurance companies is basically the same with an average annual premium of $4,000. Hence, consumers can easily compare the premiums.
- Design of the Flexi Plans by different insurers vary and hence, it is more difficult to compare the premiums directly.
- Similar to general medical insurance, the premium of VHIS is determined by the insured’s age, smoking habits, and health condition, then a premium levy is added at the end.
- Insurers usually take Medical inflation, health condition of the risk pool, and the age of the insured into consideration to determine the premium increase at time of renewal.
For easy reference, the Bowtie Team has put together a premium table of the approved VHIS Standard Plans from six insurance companies, categorized by gender and age so you can easily compare the premiums all in one place.