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 2021-08-11

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

As of April 1, 2021,32 VHIS Standard Plans and 263 Flexi Plans (including different currencies and benefit levels) have launched under the Voluntary Health Insurance Scheme(VHIS).
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	Insurer A	Insurer B	Insurer C+	Insurer D^	Insurer E	Average Premium of the 5 Insurers	Bowtie’s Premium is lower by how much?#
20	$1,128👍	$1,734	$1,585	$1,913	$1,410	$1,850	$1,698	$570
25	$1,308👍	$1,830	$1,689	$2,088	$1,699	$2,063	$1,873	$565
30	$1,488👍	$1,990	$1,996	$2,314	$1,832	$2,414	$2,109	$621
35	$1,764👍	$2,176	$2,270	$2,731	$2,078	$3,260	$2,503	$739
40	$2,076👍	$2,534	$2,852	$3,254	$2,409	$4,103	$3,030	$954
45	$2,652👍	$3,462	$3,586	$4,029	$2,901	$5,124	$3,820	$1,168
50	$3,252👍	$4,115	$4,279	$5,021	$3,698	$6,434	$4,709	$1,457
55	$4,104👍	$5,587	$5,558	$6,426	$4,779	$8,133	$6,096	$1,992
60	$5,316👍	$7,251	$7,511	$8,481	$5,978	$10,250	$7,894	$2,578

The listed premiums are based on VHIS Standard Plan for non-smokers, updated as of April 1, 2021 for reference only. For accurate quotations and product details, please check with the individual insurance companies.
*Premiums of add-on riders are not included
+Insurer C's VHIS Standard Plan defines age as the insured’s next birthday
^Insurer D's VHIS Standard Plan defines age as the age nearest birthday
#Bowtie’s premium is compared to the average premium of the 5 largest insurers

	Annual Premium for Female^
Age	Bowtie	Insurer A	Insurer B	Insurer C+	Insurer D^	Insurer E	Average Premium of the 5 Insurers	Bowtie’s Premium is lower by how much?#
20	$1,320👍	$1,965	$1,815	$2,017	$1,581	$1,850	$1,846	$526
25	$1,560👍	$2,522	$1,948	$2,490	$1,973	$2,063	$2,068	$508
30	$1,896👍	$3,072	$2,080	$3,054	$2,293	$2,414	$2,583	$687
35	$2,244👍	$3,462	$2,371	$3,646	$2,840	$3,260	$3,116	$872
40	$2,544👍	$3,962	$2,901	$4,357	$3,402	$4,103	$3,745	$1,201
45	$3,168👍	$5,299	$3,681	$5,226	$4,076	$5,124	$4,681	$1,513
50	$3,864👍	$5,427	$4,741	$6,213	$4,613	$6,434	$5,486	$1,622
55	$4,272👍	$6,054	$5,881	$7,135	$4,930	$8,133	$6,427	$2,155
60	$5,112👍	$7,155	$7,020	$8,491	$5,823	$10,250	$7,749	$2,637

The listed premiums are based on VHIS Standard Plan for non-smokers, updated as of April 1, 2021 for reference only. For accurate quotations and product details, please check with the individual insurance companies.
*Premiums of add-on riders are not included
+Insurer C's VHIS Standard Plan defines age as the insured’s next birthday
^Insurer D's VHIS Standard Plan defines age as the age nearest 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.

Source