VHIS

Premiums Comparison: VHIS Standard Plans from six insurers

Author Bowtie Team

Reviewed By bowtie-team-en (Bowtie Team (English))

Date 2021-01-07

Updated on 2021-01-07

VHIS Standard Plan Premium Comparison for Male VHIS Standard Plan Premium Comparison for Female Bowtie premiums are most attractive in Hong Kong

As of July 1, 2020, 29 VHIS Standard Plans and 211 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.

VHIS Standard Plan Premium Comparison for Male

	Annual Premium for Male^
Age	Bowtie	AIA	AXA	Prudential+	Manulife	Bupa	Average Premium of the 5 Insurers	Bowtie’s Premium is lower by how much?#
20	$1,128👍	$1,734	$1,585	$1,880	$1,410	$2,242	$1,770	$642
25	$1,308👍	$1,830	$1,689	$2,052	$1,699	$2,423	$1,939	$631
30	$1,488👍	$1,990	$1,996	$2,239	$1,832	$2,775	$2,166	$678
35	$1,764👍	$2,176	$2,270	$2,642	$2,078	$3,427	$2,519	$755
40	$2,076👍	$2,534	$2,852	$3,118	$2,409	$4,364	$3,055	$979
45	$2,652👍	$3,462	$3,586	$3,860	$2,901	$5,549	$3,872	$1,220
50	$3,252👍	$4,115	$4,279	$4,780	$3,698	$6,852	$4,745	$1,493
55	$4,104👍	$5,587	$5,558	$6,117	$4,779	$8,238	$6,056	$1,952
60	$5,316👍	$7,251	$7,511	$7,827	$5,978	$10,042	$7,722	$2,406

The listed premiums are based on VHIS Standard Plan for non-smokers, updated as of April 1, 2020 for reference only. For accurate quotations and product details, please check with the individual insurance companies.
*According to media ^Premiums of add-on riders are not included
+Prudential VHIS Standard Plan defines age as the insured’s next birthday
#Bowtie’s premium is compared to the average premium of the 5 largest insurers

VHIS Standard Plan Premium Comparison for Female

	Annual Premium for Female^
Age	Bowtie	AIA	AXA	Prudential+	Manulife	Bupa	Average Premium of the 5 Insurers	Bowtie’s Premium is lower by how much?#
20	$1,320👍	$1,965	$1,815	$1,933	$1,581	$2,242	$1,907	$587
25	$1,560👍	$2,522	$1,948	$2,387	$1,973	$2,423	$2,251	$691
30	$1,896👍	$3,072	$2,080	$2,948	$2,293	$2,775	$2,634	$1,218
35	$2,244👍	$3,462	$2,371	$3,519	$2,840	$3,427	$3,124	$880
40	$2,544👍	$3,962	$2,901	$4,201	$3,402	$4,364	$3,766	$1,222
45	$3,168👍	$5,299	$3,681	$5,039	$4,076	$5,549	$4,729	$1,561
50	$3,864👍	$5,427	$4,741	$6,043	$4,613	$6,852	$5,535	$1,671
55	$4,272👍	$6,054	$5,881	$6,940	$4,930	$8,238	$6,409	$2,137
60	$5,112👍	$7,155	$7,020	$7,970	$5,823	$10,042	$7,602	$2,490

The listed premiums are based on VHIS Standard Plan for non-smokers, updated as of April 1, 2020 for reference only. For accurate quotations and product details, please check with the individual insurance companies.
*According to media ^Premiums of add-on riders are not included
+Prudential VHIS Standard Plan defines age as the insured’s next birthday
#Bowtie’s premium is compared to the average premium of the 5 largest insurers

Bowtie premiums are most attractive in Hong Kong

According to data from Food and Health Bureau, Bowtie VHIS Standard Plan premiums are the lowest for both male and female from ages 0 to 75.
Monthly premium for a 35 year old non-smoking male is only $147, which is very attractive.

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