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A Pure Critical Illness Protection

Bowtie Term Critical
Illness Insurance

Redefining the norm, Less is More 
Buy what you know

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Why do you need
Critical Illness insurance?

You might not be able to work if you were unfortunately diagnosed with a critical illness. Critical Illness insurance gives out a lump-sum benefit payment, providing you with the financial back-up that you need during the
challenging time. 

A lump-sum will be paid out to you upon confirmed medical diagnosis of covered critical illnesses to help cover living expenses during
your recovery

Critical Illness insurance ≠ A way to cover medical cost

If you are looking for a way to cover the medical costs associated with the diagnosed critical illness, we suggest other insurance products such as our Voluntary Health Insurance Scheme (VHIS) or Cancer Fighter.

Critical Illness insurance ≠ Expensive 

Bowtie Term Critical Illness Insurance does not carry a savings component. For the same coverage amount, our premium is 22 times lower than that of general savings critical illness insurance products in the market.1

Monthly Premium

Monthly Premium for a HKD 1M Critical Illness Insurance Coverage

Male
(Non-Smoker)

Female
(Non-Smoker)

25 Y

$68

$86

30 Y

$91

$132

35 Y

$144

$250

40 Y

$207

$413

Quality over Quantity on Critical Illness Coverage

We select 38 most common critical illnesses to be covered in the plan. In addition, we introduced a 4-layer ‘Bowtie Safety Net’, which provides a more holistic protection
to you.

38 Major Critical Illnesses Over 98% Coverage^

Including 7 major illnesses (including Cancer and Heart Attack) which are 97% of Critical Illness claims.^

According to statistical findings, almost 97% of Critical Illness claims in Hong Kong are: Cancer, Coronary Artery By-Pass Grafts, Heart Attack, Other Serious Coronary Artery Disease, Stroke, Benign Brain Tumour and Kidney Failure. 

Bowtie covers all 7 aforementioned Critical Illnesses!

Bowtie also covers the other 31 critical illnesses that commonly appear in the remaining 3% claims, pushing the overall coverage ratio to 98%. ^

For example, Aorta Graft Surgery, Heart Valve Replacement or Repair, Paralysis of Limbs, Systemic Lupus Erythematosus (SLE) with Lupus Nephritis, Major Head Trauma, Aplastic Anaemia.^

38 Major Critical Illnesses Over 98% Coverage^

Including 7 major illnesses (including Cancer and Heart Attack) which are 97% of Critical Illness claims.^

According to statistical findings, almost 97% of Critical Illness claims in Hong Kong are: Cancer, Coronary Artery By-Pass Grafts, Heart Attack, Other Serious Coronary Artery Disease, Stroke, Benign Brain Tumour and Kidney Failure. ^

Bowtie covers all 7 aforementioned Critical Illnesses!

Bowtie also covers the other 31 critical illnesses that commonly appear in the remaining 3% claims, pushing the overall coverage ratio to 98%. ^

For example, Aorta Graft Surgery, Heart Valve Replacement or Repair, Paralysis of Limbs, Systemic Lupus Erythematosus (SLE) with Lupus Nephritis, Major Head Trauma, Aplastic Anaemia.^

1st Layer
Safety Net

2nd Layer

3rd Layer

4th Layer

4-Layer “Bowtie Safety Net” 

“What if I was diagnosed with a critical illness that is not covered?”

Our Bowtie Safety Net is here for circumstances like this!

Terminal Illness

Diagnose with illness that is expected to result in the death within 12 months.

Total Permanent Disability2

Become permanently disabled and is thereby totally incapable of engaging in any occupation for at least 6 months

Loss of Independent Existence3

Not able to perform at least three (3) Activities of Daily Living for at least 6 months.

Major Medical Treatment4

Undergo a Complex Surgery, which results in admission to Intensive Care Unit (ICU) for at least 5 days.

For example, Neurological surgeries, Total Joint Replacement

4-Layer “Bowtie Safety Net”

“What if I was diagnosed with a critical illness that is not covered?”

Our Bowtie Safety Net is here for circumstances like this!

第 1 重
安全網

第 2 重

第 3 重

第 4 重

4-Layer “Bowtie Safety Net”

Terminal Illness

Diagnose with illness that is expected to result in the death within 12 months.

Total Permanent Disability2

Become permanently disabled and is thereby totally incapable of engaging in any occupation for at least 6 months.

Loss of Independent Existence3

Not able to perform at least three (3) Activities of Daily Living for at least 6 months.

Major Medical Treatment4

Undergo a Complex Surgery, which results in admission to Intensive Care Unit (ICU) for at least 5 days.

For example, Neurological surgeries, Total Joint Replacement

Meet the requirement and we’ll pay !

If diagnosed with any one of the 38 critical illnesses as per the Policy’s definition, or meet one of the 4 ‘Bowtie Safety Net’ conditions, we will pay out 100% of the Sum Insured.

癌症
~66%

冠狀動脈搭橋手術、心臟病、其他冠狀動脈疾病
~16%

中風
~8%

腎衰竭~2%

... ~1%

~3%

根據統計,香港近 97% 的危疾保險索償個案皆源自 7 種常見危疾^:

1. 癌症
2. 冠狀動脈搭橋手術
3. 心臟病
4. 其他冠狀動脈疾病
5. 中風
6. 腎衰竭
7. 良性腦腫瘤

以上 7 種危疾Bowtie 一律承保!

Bowtie 所承保的其餘 31 種危疾,已包括了餘下 3% 索償個案中較常見的情況,如^:

1. 主動脈移植手術、心瓣置換及修補
2. 癱瘓
3. 系統性紅斑性狼瘡
4. 嚴重頭部創傷
5. 再生障礙性貧血

第 1 重
安全網

第 2 重

第 3 重

第 4 重

末期疾病

極可能在 12 個月內身故的疾病

永久完全殘障

因永久殘障而無法從事任何工作最少 6 個月

不能獨立生活

失去進行最少 3 項日常生活活動的能力

重大醫療情況

進行自願醫保定義的複雜手術 + 連續留醫 ICU 5 日或以上

Cover more Critical Illness the better ? 

You might find insurance plans that cover as much as 70 types of critical illnesses, with most of them being rare diseases. Not only does the inclusion of such an extensive list increase the complexity of the product, policy premium could also increase because of that.

Is there a standardised definition for Critical Illness ?

In the past, every insurance company in Hong Kong has had their own definition of critical illnesses. This ambiguity makes it difficult to understand the actual protection, creating claim disputes.

Market Pioneer

References multiple International Standards

Bowtie Term Critical Illness Insurance defines the covered critical illnesses based on "International Standard", creating a fair and recognized claim guideline.

‘International Standard’ includes Association of British Insurers, Life Insurance Association Singapore and The Life Insurance Association of the Republic
of China

Cancer

Cancer

Bowtie Term Critical Illness Insurance -
each critical illnesses standard

Cancer

A malignant tumour characterized by the uncontrolled growth and spread of malignant cells and the invasion of normal tissue. The cancer should be confirmed by histological evidence of malignancy on a pathology report. This includes leukaemia, but excludes any of the following:

(a) Any lesions described as pre-malignant, non-invasive, carcinoma-in-situ, stage Ta or cervical dysplasia CIN-1, CIN-2 and CIN-3;
(b) Any non melanoma skin cancers or malignant melanoma of AJCC stage 1;
(c) Papillary thyroid cancer which are histologically described as TNM Classification T1N0M0 or are of another equivalent or lesser classification;
(d) Prostate cancers which are histologically described as TNM Classification T1a, T1b, T1c or are of another equivalent or
lesser classification;
(e) Chronic Lymphocytic Leukaemia (CLL) at RAI Stage 2 or less; or
(f) All tumours in the presence of any Human Immunodeficiency Virus (HIV)

Illnesses related to the Heart (6)

Aorta Graft Surgery

Bowtie Term Critical Illness Insurance -
each critical illnesses standard

Aorta Graft Surgery

 The actual undergoing of surgery for a disease of the aorta needing excision and surgical replacement of the diseased aorta with a graft. For the purpose of this definition aorta shall mean the thoracic and abdominal aorta, but not its branches.

Traumatic injury to the aorta is excluded.

Coronary Artery By-Pass Grafts

Bowtie Term Critical Illness Insurance -
each critical illnesses standard

Coronary Artery By-Pass Grafts

The undergoing of heart surgery to correct narrowing or blockage of one or more coronary arteries with by-pass grafts, but excluding nonsurgical techniques such as balloon angioplasty or laser relief of an obstruction.

Heart Attack

Bowtie Term Critical Illness Insurance -
each critical illnesses standard

Heart Attack

The death of a portion of the heart muscle (myocardium) as a result of inadequate blood supply, where all of the following criteria are met:

(a) a history of typical chest pain;

(b) new characteristic ECG changes indicating acute myocardial infarction at the time of the relevant cardiac incident;

and (c) the elevation of the cardiac biomarkers, inclusive of CK-MB above the generally accepted normal laboratory levels, or Troponin T > 0.5ng/ml or Troponin I > 0.5ng/ml. Angina is specifically excluded.

Heart Valve Replacement or Repair

Bowtie Term Critical Illness Insurance -
each critical illnesses standard

Heart Valve Replacement or Repair

The actual undergoing of open-heart surgery to replace or repair cardiac valves as a consequence of heart valve defects or abnormalities.
Repair via intra-vascular procedure, key-hole surgery or similar techniques is specifically excluded.

Other Serious Coronary Artery Disease

Bowtie Term Critical Illness Insurance -
each critical illnesses standard

Other Serious Coronary Artery Disease

Severe coronary artery disease in which at least three (3) major coronary arteries are individually occluded by a minimum of sixty percent (60%) or more, as proven by coronary angiogram only (non-invasive diagnostic procedures excluded). For purposes of this definition, “major coronary artery” refers to any of the left main stem artery, left anterior descending artery, circumflex artery and right coronary artery (but not including their branches).

Primary Pulmonary Arterial Hypertension

Bowtie Term Critical Illness Insurance -
each critical illnesses standard

Primary Pulmonary Arterial Hypertension

Primary Pulmonary Arterial Hypertension with substantial right ventricular enlargement established by investigations including cardiac catheterization, and which results in permanent irreversible physical impairment to the degree of New York Heart Association (NYHA) classification Class III or Class IV, based on the following classification criteria: Class III: Marked limitation of physical activity. Comfortable at rest, but less than ordinary activity causes symptoms. Class IV: Unable to engage in any physical activity without discomfort. Symptoms may be present even at rest. Pulmonary Arterial

Hypertension which does not meet the above conditions is excluded.

Illnesses related to the Nervous System (13)

Alzheimer’s Disease

Bowtie Term Critical Illness Insurance -
each critical illnesses standard

Alzheimer’s Disease

Deterioration or loss of intellectual capacity or abnormal behavior, as evidenced by the Insured Person’s clinical state and accepted standardized questionnaires or tests, arising from Alzheimer’s Disease or other irreversible organic degenerative brain disorder, which results in significant reduction in the Insured Person’s mental and social functioning such that continuous supervision of the Insured Person is required. The diagnosis of Alzheimer’s Disease or other irreversible organic degenerative brain disorder must be clinically confirmed by a Registered Medical Specialist who is a neurologist. The following are excluded:

(a) non-organic brain disorders such as neurosis and psychiatric illnesses; and

(b) drug or alcohol related organic brain disorder.

Benign Brain Tumour

Bowtie Term Critical Illness Insurance -
each critical illnesses standard

Benign Brain Tumour

A non-cancerous tumour in the brain or meninges within the cranium, giving rise to characteristic signs of increased intra-cranial pressure such as papilloedema, mental symptoms, seizures and sensory impairment. The presence of the underlying tumour must be confirmed by imaging studies such as Computed Tomography (CT) Scan or Magnetic Resonance Imaging (MRI). The following are excluded:
(a) cysts;
(b) granulomas;
(c) malformations in, or of, the arteries or veins of the brain; (d) haematomas;
(e) tumours in the pituitary gland or spine; and
(f) tumours of the skull base.

Major Head Trauma

Bowtie Term Critical Illness Insurance -
each critical illnesses standard

Major Head Trauma

Accidental head injuries resulting in residual brain damage to the extent that there is a Permanent Neurological Deficit causing Significant Functional Impairment. “Significant Functional Impairment” means a Registered Medical Specialist who is a neurologist has assessed the Insured Person as scoring five (5) or less on the eight (8) point version of the Glasgow Outcome Scale of Head Injuries or equivalent levels of functional impairment on a similar scale which has been generally accepted in medical literature.

Multiple Sclerosis

Bowtie Term Critical Illness Insurance -
each critical illnesses standard

Multiple Sclerosis

Unequivocal diagnosis by a Registered Medical Specialist who is a neurologist confirming more than one (1) episode of well-defined neurological deficit. There must be evidence of typical symptoms of demyelination with persisting signs of involvement of co-ordination and motor and sensory function. The diagnosis must be confirmed by Computed Tomography (CT) Scan or Magnetic Resonance Imaging (MRI) with evidence of lesions of the central nervous system.

Parkinson's Disease

Bowtie Term Critical Illness Insurance -
each critical illnesses standard

Parkinson's Disease

Unequivocal diagnosis of Parkinson’s Disease by a Registered Medical Specialist who is a neurologist where the condition:
(a) cannot be controlled with medication;
(b) shows signs of progressive impairment; and
(c) the inability to perform at least three (3) of the Activities of Daily Living, either with or without the use of mechanical equipment, special devices or other aids or adaptations in use for disabled persons. Only idiopathic Parkinson’s Disease is covered.

Drug-induced or toxic causes of Parkinson's Disease are excluded.

Stroke

Bowtie Term Critical Illness Insurance -
each critical illnesses standard

Stroke

Any cerebrovascular accident or incident causing a Permanent Neurological Deficit, lasting at least four (4) weeks. Infarction of brain tissue, haemorrhage and embolism from an extracranial source are included. The diagnosis of Stroke must be confirmed by a Registered Medical Specialist who is a neurologist, based on new radiological changes as seen in a Computed Tomography (CT) Scan or Magnetic Resonance Imaging (MRI) which correlate to the functional impairments observed. The following are excluded:
(a) Cerebral symptoms due to transient ischaemic attacks; (b) Cerebral symptoms due to migraine; and
(c) Vascular disease affecting the eye or optic nerve or vestibular functions.

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Coma

Bowtie Term Critical Illness Insurance -
each critical illnesses standard

Coma

A state of unconsciousness with no reaction or response to external stimuli or internal needs, which is associated with a Permanent Neurological Deficit, persists continuously for at least ninety-six (96) hours, and requires the use of a life support system. The Coma must be confirmed by a Registered Medical Specialist who is a neurologist. Irrespective of the above, Coma resulting directly from self-inflicted injury, alcohol or drug mis-use is excluded.

Paralysis of Limbs

Bowtie Term Critical Illness Insurance -
each critical illnesses standard

Paralysis of Limbs

Complete and permanent loss of use of two (2) or more limbs through paralysis due to Accident or sickness.

Encephalitis

Bowtie Term Critical Illness Insurance -
each critical illnesses standard

Encephalitis

Severe inflammation of brain substance, which is associated with a Permanent Neurological Deficit, as certified by a Registered Medical Specialist who is a neurologist.

Apallic Syndrome

Bowtie Term Critical Illness Insurance -
each critical illnesses standard

Apallic Syndrome

Universal necrosis of the brain cortex with the brainstem remaining intact. The definite diagnosis must be confirmed by a Registered Medical Specialist who is a neurologist. This condition must be medically documented as lasting for at least one (1) month by a Registered Medical Specialist who is a neurologist.

Motor Neurone Disease

Bowtie Term Critical Illness Insurance -
each critical illnesses standard

Motor Neurone Disease

Progressive degeneration of the corticospinal tracts and anterior horn cells or bulbar efferent neurons resulting in a Permanent Neurological Deficit and including the following forms of motor neurone disease: spinal muscular atrophy, progressive bulbar palsy, amyotrophic lateral sclerosis and primary lateral sclerosis.

The diagnosis of Motor Neurone Disease must be confirmed by a Registered Medical Specialist who is a neurologist.

Poliomyelitis

Bowtie Term Critical Illness Insurance -
each critical illnesses standard

Poliomyelitis

Unequivocal diagnosis by a Registered Medical Specialist who is a neurologist of infection by the polio virus leading to paralytic disease as evidenced by impaired motor function or respiratory weakness.

Cases not involving paralysis and other causes of paralysis are excluded.

Bacterial Meningitis

Bowtie Term Critical Illness Insurance -
each critical illnesses standard

Bacterial Meningitis

Bacterial Meningitis causing inflammation of the membranes of the brain or spinal, which is associated with a Permanent Neurological Deficit. The diagnosis of Bacterial Meningitis must be confirmed by: (a) a Registered Medical Specialist who is a neurologist; and (b) a lumbar puncture confirming the presence of bacterial infection in the cerebrospinal fluid.

Illnesses related to Major Organs and Functions (8)

Systemic Scleroderma

Bowtie Term Critical Illness Insurance -
each critical illnesses standard

Systemic Scleroderma

A systemic collagen-vascular disease causing progressive diffuse fibrosis in the skin, blood vessels and visceral organs. This diagnosis must be unequivocally confirmed by a Registered Medical Specialist who is a rheumatologist and supported by biopsy or equivalent confirmatory test, and serological evidence, and the disorder must have reached systemic proportions to involve the heart, lungs or kidneys. The following are excluded:
(a) Localized scleroderma (linear scleroderma or morphea);
(b) Eosinophilic fascitis; and
(c) CREST syndrome.

Kidney Failure

Bowtie Term Critical Illness Insurance -
each critical illnesses standard

Kidney Failure

End stage renal disease, due to whatever cause or causes, with the Insured Person undergoing regular peritoneal dialysis or haemodialysis.

Systemic Lupus Erythematosus (SLE) with Lupus Nephritis

Bowtie Term Critical Illness Insurance -
each critical illnesses standard

Systemic Lupus Erythematosus (SLE) with Lupus Nephritis

Multi-system, autoimmune disorder characterized by the development of auto-antibodies, directed against various self-antigens.

For purposes of this definition, SLE is restricted to only those forms of systemic lupus erythematosus, which involve the kidneys and are characterized as Class III, Class IV, Class V or Class VI lupus nephritis under the Abbreviated International Society of Nephrology/Renal Pathology Society (ISN/RPS) classification of lupus nephritis (2003) below based on renal biopsy. Other forms such as discoid lupus, and those forms with only hematological and joint involvement are specifically excluded. Abbreviated ISN/RPS classification of lupus nephritis (2003):

Class I - Minimal mesangial lupus nephritis
Class II - Mesangial proliferative lupus nephritis
Class III - Focal lupus nephritis
Class IV - Diffuse segmental (IV-S) or global (IVG) lupus nephritis
Class V - Membranous lupus nephritis
Class VI - Advanced sclerosing lupus nephritis

Aplastic Anaemia

Bowtie Term Critical Illness Insurance -
each critical illnesses standard

Aplastic Anaemia

Irreversible persistent bone marrow failure which results in anaemia, neutropenia and thrombocytopenia requiring treatment with at least one (1) of the following:
(a) blood product transfusion; (b) marrow stimulating agents; (c) immunosuppressive agents; or
(d) bone marrow or haematopoietic stem cell transplantation. The diagnosis of Aplastic Anaemia must be confirmed by a bone marrow biopsy.

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Fulminant Viral Hepatitis

Bowtie Term Critical Illness Insurance -
each critical illnesses standard

Fulminant Viral Hepatitis

Sub-massive to massive necrosis of the liver by a hepatitis virus, leading precipitously to liver failure, where the following criteria are met:
(a) Rapid decrease in liver size associated with necrosis involving entire lobules;
(b) Rapid deterioration of liver enzymes;
(c) Deepening jaundice; and (d) Hepatic encephalopathy. Hepatitis infection or carrier status alone does not meet the diagnostic criteria.

End-Stage Lung Disease

Bowtie Term Critical Illness Insurance -
each critical illnesses standard

End-Stage Lung Disease

End stage lung disease including interstitial lung disease requiring permanent oxygen therapy as well as a FEV 1 test result of consistently less than one (1) litre.

Major Organ Transplant

Bowtie Term Critical Illness Insurance -
each critical illnesses standard

Major Organ Transplant

The actual undergoing as a recipient of a transplant of a heart, lung, liver, pancreas, kidney or bone marrow.

End-Stage Liver Disease

Bowtie Term Critical Illness Insurance -
each critical illnesses standard

End-Stage Liver Disease

End stage liver disease as evidenced by all of the following:

(a) permanent jaundice;
(b) ascites; and
(c) encephalopathy. Liver disease secondary to alcohol or drug misuse is excluded.

Disabilities and other Major Illnesses (10)

Severe Rheumatoid Arthritis

Bowtie Term Critical Illness Insurance -
each critical illnesses standard

Severe Rheumatoid Arthritis

Severe Rheumatoid Arthritis where all of the following criteria are met:
(a) fulfill the diagnostic criteria of Rheumatoid Arthritis Classification by the American College of Rheumatology (ACR) as confirmed by a Registered Medical Specialist who is a rheumatologist;
(b) widespread joint destruction with major clinical deformity of three (3) or more of the following areas: hands, wrists, elbows, spine, knees, ankles, feet;
(c) permanent inability to perform, without assistance, two (2) Activities of Daily Living; and
(d) the above conditions has lasted for at least six (6) months.

Loss of Speech

Bowtie Term Critical Illness Insurance -
each critical illnesses standard

Loss of Speech

Total permanent and irrecoverable loss of the ability to speak due to physical damage to the vocal cords which must be established for a continuous period of three (3) months.

Major Burns

Bowtie Term Critical Illness Insurance -
each critical illnesses standard

Major Burns

Third (3rd) degree burns due to injury covering at least twenty percent (20%) of the body surface as measured by the Lund and Browder Surface Chart

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Blindness

Bowtie Term Critical Illness Insurance -
each critical illnesses standard

Blindness

Irrecoverable loss of sight of both eyes as a result of injury or disease, where any one of the following conditions is met:

(a) the best corrected visual acuity in both eyes must be 6/60 or less using a Snellen Chart or equivalent test; or
(b) the best corrected visual field in both eyes must be twenty (20) degrees or less. The diagnosis must be certified by an ophthalmologist’s report issued by a Registered Medical Specialist who is an ophthalmologist.

Loss of Hearing

Bowtie Term Critical Illness Insurance -
each critical illnesses standard

Loss of Hearing

Total and irreversible loss of hearing (involving the loss of at least eighty (80) decibels in all frequencies of hearing) in both ears as a result of illness or Injury. Medical evidence in the form of an audiometry and sound-threshold test must be provided, and the diagnosis of Loss of Hearing must be confirmed by a Registered Medical Specialist in ear, nose and throat (ENT).

診斷必須由耳鼻喉註冊專科醫生(ENT)確診,並由聽力測驗和聲域測驗證實。

Occupationally Acquired HIV

Bowtie Term Critical Illness Insurance -
each critical illnesses standard

Occupationally Acquired HIV

Infection with the Human Immunodeficiency
Virus (HIV) whilst the Insured Person was
carrying out the normal professional duties of his
or her occupation, subject to the following proofs:

(a) proof of the accident giving rise to the infection;
(b) proof that the accident involved a definite source of the HIV infected fluids; and
(c) proof of sero-conversion from HIV negative to HIV positive occurring during
the one-hundred-and-eighty (180) days after the documented accident. This
proof must include a negative HIV antibody test conducted within five (5) days of the accident. HIV infection resulting from any other means
including sexual activity and the use of intravenous drugs is excluded. Any Accident causing a potential claim must be reported to us within fourteen (14) days of the
Accident.

This benefit is only payable when the occupation of the Insured Person is a Registered Medical Practitioner, medical student, registered nurse,
medical laboratory technician, dentist (surgeon and nurse) or paramedical worker, working in
medical centre or clinic.

This insurance will not apply and no benefit payment will be payable whenever a Cure is
available. "Cure" means any treatment that renders the HIV inactive or non-infectious.

Severe Ulcerative Colitis

Bowtie Term Critical Illness Insurance -
each critical illnesses standard

Severe Ulcerative Colitis

Acute fulminant ulcerative colitis with life threatening electrolyte disturbances, where all of the following criteria are met:
(a) the entire colon is affected, with severe bloody diarrhea;
(b) the necessary treatment is total colectomy and ileostomy; and
(c) diagnosis of Severe Ulcerative Colitis is based on histopathological features and confirmed by a Registered Medical Specialist who is a gastroenterologist.

Ebola

Bowtie Term Critical Illness Insurance -
each critical illnesses standard

Ebola

Ebola Infection with the Ebola virus where the following conditions are met:

(a) presence of the Ebola virus has been confirmed by laboratory testing;
(b) there are ongoing complications of the infection persisting beyond thirty (30) days from the onset of symptoms; and
(c) the infection does not result in death.

AIDS/HIV due to Blood Transfusion

Bowtie Term Critical Illness Insurance -
each critical illnesses standard

AIDS/HIV due to Blood Transfusion

The Insured Person being infected by Human Immunodeficiency Virus (HIV) or Acquired Immune Deficiency Syndrome (AIDS) provided that:
(a) the infection is due to blood transfusion received after the policy effective date;
(b) the blood transfusion is received on the advice of and under the regular care and
attention of a Registered Medical Specialist in the relevant field and is received in a legally constituted Hospital
in Hong Kong; and
(c) certification is received from the Registered Medical Specialist in the relevant field performing the relevant
blood transfusion and from the legally constituted blood or blood product supplier in Hong Kong which supplied the particular blood or blood product for the relevant transfusion confirming that
the Insured Person is infected by HIV or AIDS through blood transfusion.

This insurance will not apply and no benefit payment will be payable whenever a Cure is available. "Cure" means any treatment that renders the HIV inactive or non-infectious.

Loss of One Eye and One Limb

Bowtie Term Critical Illness Insurance -
each critical illnesses standard

Loss of One Eye and One Limb

The Insured Person has sustained both of the following:

(a) Irreversible loss of sight in one (1) eye (aided or unaided), where any one of the following conditions is met:

(i) the best corrected visual acuity in one (1) eye must be less than 6/60 using a Snellen Chart or equivalent test; or
(ii) the best corrected visual field in one (1) eye must be twenty (20) degrees or less. The diagnosis must be certified by an ophthalmologist’s report issued by a Registered Medical Specialist who is an ophthalmologist.; and

(b) Total and irreversible severance of one (1) limb at or above the wrist or ankle

Bowtie Safety Net(4)

The ‘Bowtie Safety Net’ offers extra coverages, click below for more details!

Terminal Illness

Bowtie Term Critical Illness Insurance -
each critical illnesses standard

Terminal Illness

The conclusive unequivocal diagnosis of an illness that is expected to result in the death of the Insured Person within twelve (12) months.
This diagnosis must be supported by a Registered Medical Specialist in the relevant medical field and confirmed by our medical adviser

Total Permanent Disability

Bowtie Term Critical Illness Insurance -
each critical illnesses standard

Total Permanent Disability

The Insured Person has first become permanently, totally and irreversibly disabled as a result of injury or sickness and is thereby totally incapable of engaging in any work or occupation whatsoever for remuneration or profit. Such Total and Permanent Disability must be certified by our medical adviser and have continued without interruption for at least six (6) consecutive months

Loss of Independent Existence

Bowtie Term Critical Illness Insurance -
each critical illnesses standard

Loss of Independent Existence

The unequivocal diagnosis must be made by a Registered Medical Specialist in the relevant field that the Insured Person is not able to perform at least three (3) Activities of Daily Living without assistance, as a result of injury or disease. Such Loss of Independent Existence must be certified by our medical adviser and have continued without interruption for at least six (6) consecutive months.

Major Medical Treatment

Bowtie Term Critical Illness Insurance -
each critical illnesses standard

Major Medical Treatment

The actual undergoing of a Medically Necessary Complex Surgery in Hong Kong due to an injury or illness condition, which directly or indirectly results in admission to Intensive Care Unit (ICU); and being treated with life supporting medical devices of one-hundred-and-twenty (120) or more consecutive hours in post-surgical care. Intensive Care Unit (ICU) includes:

High Dependency Unit (HDU), Intensive Therapy Unit / Intensive Care Unit (ITU/ICU), Coronary Care Unit (CCU) and Neuro Intensive Care Unit (NICU).

ICU admission due to the following events are excluded: (a) any treatment or surgical procedure for congenital abnormalities or deformities including hereditary and developmental conditions;
(b) pregnancy or pregnancy related conditions including: childbirth (whether surgical or otherwise), miscarriage, abortion, prenatal or postnatal care, surgical, mechanical or chemical contraceptive methods of birth control, test or treatment pertaining to infertility and erectile dysfunction and sterilization;(c) non-Medical Necessary surgeries or procedures such as, but not limited to, plastic/cosmetic surgery, gender changes, bariatric surgery or any surgery of experimental, investigational or research nature; or
(d) psychotic or nervous disorders (including psychosis, neurosis and their physiological psychosomatic manifestations).

Insurance Coverage
Savings Lock-up

On average it takes about 45 years 5 for Savings Critical Illness Insurance to breakeven, i.e. the Guaranteed Cash Value exceeds the Total Premium Paid. You would also risk receiving a Cash Value much lower than the Total Premium Paid if you terminated the Plan prior to its maturity. In other words, it is as though you are handcuffed to the Plan! 

Here at Bowtie, your freedom and flexibility is one of our top priorities. Bowtie Term Critical Illness Insurance adopts a monthly premium payment method, allowing pure critical illness protection with maximized liquidity. The policy may be terminated anytime with no monetary loss.

You might need to go through underwriting process again should you reapply for the Plan in the future after your surrender. Premium might differ as
a result.

Product Comparison

Regular Term Critical Illness Insurance
$
277
Average monthly premium 1
Return on Savings
No Savings Component
Pure Critical Illness protection




Policy Term
Generally 5/10 years
Automatic renewal after the end of each policy period
Bowtie Term Critical Illness Insurance
$
144
Average monthly premium 1
Return on Savings
No Savings Component
Pure Critical Illness protection




Policy Term
1 year
Automatic yearly renewal up to 85 years old
Pure
Protection
Regular Critical Illness Savings Insurance Plan
$
3,232
Average monthly premium 1
Return on Savings
With Savings Component
Average guaranteed return in
30 years is approximately 0.87%
per annum
(It takes 45 years on average to build up guaranteed Cash Value that equals the total amount of paid premium)
Policy Term
Whole Life
(up to 100 years old)
Detailed Comparisons on Critical Illness Products

But how much is enough?  

It can take 2-3 years to treat a critical illness. 6
We recommend the sum insured to be 2 – 3 times of your annual salary, so you can comfortably take much needed time off for treatment and recovery. 

Example 1

Mr. Chan
Occupation: Financial Services
Annual Salary: HKD 260,000 7
Expected treatment time: 3 years

Insured Amount

$780,000

Example 2

Ms. Lee
Occupation: Civil Servant 
Annual Salary: HKD 280,000 8
Expected treatment time: 3.5 years

Insured Amount

$980,000

For reference Only

Get Bowtie Term Critical Illness Insurance Plan Now

Benefit Items

Up to 4 million
Critical illness protection

38 types of critical illnesses
+ 4-layer ‘Bowtie Safety Net’ supplementary coverages

Benefit Coverage

42 Major Critical Illnesses
 (100% of Sum Insured)

Compassionate Death Benefit
(5% of Sum Insured)

Claim Method

We will pay in lump sum if the Insured is diagnosed with any of the covered Major Critical Illness.

Minimum Sum Insured

HK$100,000

Maximum Sum Insured

HK$4,000,000(15 Days -45 years old)
HK$2,000,000(46-55 years old)
HK$1,000,000(56-60 years old)
HK$500,000(61-65 years old)

Exclusions


No benefit will be payable under the Plan for Major Critical Illness, Major Surgical Procedure or death caused directly or indirectly, wholly or partly by any of the following events and/or in the following circumstances: 

(a) Waiting period: (i) the Insured Person suffers from any illness the sign(s) and/or symptom(s) of which are manifested within ninety (90) days following the Policy Effective Date (except for an illness caused directly by an Accident and diagnosed within ninety (90) days from the date of the Accident); or (ii) the Insured Person undergoes a surgery the cause(s) and/or condition(s) of which are manifested within ninety (90) days following the Policy Effective Date (except for a surgery caused directly by an Accident and undergone within ninety (90) days from the date of the Accident);

(b) Survival period: the Insured Person fails to survive for at least fourteen (14) days from the date of diagnosis of the Major Critical Illness and/or the completion of the Major Surgical Procedure (except for the Major Medical Treatment (as defined in the Definitions of Major Critical Illnesses and Surgical Procedures), where the fourteen (14) -day survival period will commence from the date of discharge from the post-surgical care in the Intensive Care Unit (as defined in the Definitions of Major Critical Illnesses and Surgical Procedures)); 

(c) Pre-existing Condition(s);

(d) HIV and AIDS: any illness, disease, ptomaines or infection (except infection which directly results from an accidental cut or wound). This includes infection with any Human Immunodeficiency Virus (HIV) and/or any HIV-related illness including AIDS and/or any mutations, derivations or variations thereof, except for (1) AIDS/HIV due to Blood Transfusion or (2) Occupationally Acquired HIV (as defined in the Definitions of Major Critical Illnesses and Surgical Procedures); 

(e) Drugs, suicide and illegal activities: (i) dependence, overdose or influence of drugs, alcohol, narcotics or similar drugs or agents; (ii) intentional self-inflicted injuries; (iii) attempted suicide or threatened suicide, while sane or insane; (iv) illegal activity; or (v) violation or attempted violation of the law, or resistance to arrest;

(f) Armed forces: participation in any armed force or peacekeeping activities; 

(g) Nuclear, biological, and chemical activities: nuclear, biological, and chemical related activities. This includes, but is not limited to, nuclear fission, nuclear fusion, ionizing radiation or contamination by radioactivity from any nuclear fuel, nuclear waste resulting from combustion of nuclear fuels or nuclear weapons, or any act of nuclear, chemical or biological terrorism, including but not limited to the use of nuclear, biological or chemical weapons and agents; or

(h) War and terrorism: revolutions and war (declared or undeclared), or acts of terrorism.

Important Product Information

Product Category
Critical Illness Insurance Plan – We will pay the Sum Assured in lump sum if the Insured Person is diagnosed with any of the covered Major Critical Illness
Issue Age
15 days – age 65
Period of Cover
1 year – Guaranteed annual renewal up to age 85
Waiting Period
90 days
There is also a survival period, the Insured Person must survive for at least 14 days after being diagnosed with a critical illness.
No benefit will be payable for illnesses or symptoms manifested within the waiting period
Renewal
  • Upon renewal, there shall be no re-underwriting. No additional rate of premium loading or case-based exclusions shall be imposed by reason of any change in the Insured Person's health conditions.
  • Upon renewal, we reserve the right to revise Policy Terms and Conditions, including the prevailing standard premium schedule.
Cooling-off Period
21 days
Within the cooling-off period, you may cancel the Plan and receive a full refund of premium
Policy Cancellation
You may request cancellation of the Plan by giving at least 30 days prior notice.
Tax Deduction
N/A
The information on the page is for reference only, please refer to the full and detailed Policy Terms and Conditions.

Go Fast. Go with Bowtie.

Once you submit the required documents, you won’t believe how fast it takes

10
minutes
To complete application
5
working
days
To proceed policy
5
minutes
Lodge a claim

Why is Bowtie so fast?

No insurance intermediary.
Zero commission.

You don't need to go through an intermediary, all our product details and prices are listed on our website.

100% Online.
No medical exams.

Application and underwriting are all done online on our website in as fast as 4 minutes.

Claims specialist at your service

No agents or intermediaries doesn't mean no service. Our claims specialists are here to assist with your claims applications through our live chat or hotline.

Why do you all choose Bowtie?

FAQ

1.What is the normal sum insured for a Critical Illness insurance plan?

Term Critical Illness insurance on the market typically covers $100,000 to $2.5 million. Bowtie provides an insurance coverage of $100,000 to $4 million for the life insured depending on their needs.

2. Can I purchase more than one Critical Illness Insurance Plan?

You can purchase more than one Critical Illness Insurance Plan at Bowtie, and submit claim to each Policy if you are diagnosed with Critical Illnesses. Bowtie imposes limit on the total Sum Insured to each Insured Person only. Whether you are entitled to purchase two or more critical illness insurance policies from other insurance companies depends on the individual company policy.

3. I already purchased Bowtie’s VHIS or Cancer Fighter, do I still need Bowtie Term Critical Illness Insurance?

The major function of Bowtie’s VHIS and Cancer Fighter is to offer reimbursement benefits that can cover medical expenses, while Bowtie Term Critical Illness Insurance pays out a lump sum benefit as income replacement during your treatment and recovery period. Customers should choose suitable insurance products based on personal needs and considerations. We recommend a comprehensive coverage by purchasing Bowtie Term Critical Illness Insurance alongside VHIS and Cancer Fighter. In case a critical illness strikes, our products can provide the financial support on both medical and living expenses you need so that you can focus on your treatment and recovery without compromising your living standard.

4. Does Bowtie Term Critical Illness Insurance cover Carcinoma-in-situ (CIS)?

Carcinoma-in-situ (CIS), also known as Stage 0 Cancer, refers to histologically proven, localized pre-invasion lesion where cancer cells have not yet penetrated the basement membrane or invaded the surrounding tissues or stroma. The impact of CIS to the Insured’s everyday life is limited, and hence it is not covered under Bowtie Term Critical Illness Insurance. Our Cancer Fighter can be your first line of defence in providing reimbursement benefits to pay for the costs from all diagnosis and medical treatments. Our Bowtie Term Critical Illness Insurance can be the second line of defence in case the CIS progresses to later stages or even metastasizes to other organs, with the lump sum benefit payment acting as an income replacement so that you can focus on your recovery.

5. Does Bowtie Term Critical Illness Insurance cover recurrences of illness?

You can find some critical illness insurance plans in the market that cover multiple claims in the event of recurrences as a selling point. What you do not see however is the embedded complexity to the claim terms and conditions as well as the waiting period. The ambiguity makes it difficult to fully understand the actual scope of protection, dispute may arise as a result. Our simple yet comprehensive Bowtie Term Critical Illness Insurance looks after 38 Major Critical Illnesses plus conditions under the 4-layer ‘Bowtie Safety Net’, and pays out 100% of the Sum Insured in case a diagnosis of any of those. The plan automatically terminates when we pay the one-time Major Critical Illness Benefit, and it does not cover claims due to recurrences.

6. What documents do I need to prepare when applying for Bowtie Term Critical Illness Insurance?

Customer only needs to prepare his identification document and credit card to start the application process.

7. Do I need to undergo a physical examination when applying for Bowtie Term Critical Illness Insurance?

No need. Insured persons only need to answer 6 simple underwriting questions about their health conditions and approval results can be obtained in only a few minutes.


8. Is there a waiting period for Bowtie Term Critical Illness Insurance Plan?

Yes, there is a 90 days waiting period following the Policy Effective Date. No benefit will be payable if the insured Person suffers from any illness the sign(s) and/or symptom(s) of which are manifested within this period.

9. Does Bowtie Term Critical Illness Insurance have a cooling-off period?

Bowtie Term Critical Illness Insurance has a cooling off period of 21 days. If you cancel the policy during the cooling-off period, we will refund all premiums previously paid.

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Remarks:

Bowtie Life Insurance Co. Ltd (“The Company”,”Bowtie”) is a limited liability company incorporated in Hong Kong.  Bowtie Critical Illness Insurance is underwritten by our company and only intended for sale in Hong Kong. For detailed terms and conditions of the product, please refer to the policy.

^According to a Major Critical Illness Survey carried out in Asia during 2008-2012 by a Reinsurance company, 97% of Female Critical Illness claims in Hong Kong consisted of Cancer, Coronary Artery By-Pass Grafts, Heart Attack, other serious Coronary Artery disease, Stroke, Benign Brain Tumour and Kidney Failure. For the remaining 3%, Bowtie obtains the information from various public sources and applies mathematical calculations to arrive at the deduction. All information is intended for general education purpose and reference only.

1. Calculated based on the standard premium of a 35-year-old non-smoking male insured with a sum assured of $1 million; Term Critical Illness Insurance: Data is the standard premium of 3 different critical illness insurances (5 years Policy Period) in the market on September 1, 2020; Savings Critical Illness Insurance: Data is the standard premium of 8 different critical illness insurances (18-20 years of premium contribution period) in the market on September 1, 2020.
2. The Insured Person’s Age shall be between eighteen (18) and sixty-four (64) at the time of the diagnosis of the Total Permanent Disability.
3 . The Insured Person’s Age shall be between five (5) and sixty-four (64) at the time of the diagnosis of the Loss of Independent Existence.
4. The Insured Person’s Age shall be sixty-nine (69) or below at the time of the Major Medical Treatment.
5. Calculated based on the standard premium of a 35-year-old non-smoking male insured with a sum assured of $1 million; the data is the average value of the internal rate of return on the guaranteed cash value of 8 Savings Critical Illness Insurances products (18-20 year premium payment period) in the market on September 1, 2020.
6. According to an article published on etnet.com.hk, the average duration of Targeted Therapy for Lung Cancer patients takes up to 28 months.
7. According to an article published on skypost.ulifestyle.com.hk, median monthly employment earnings of employed persons for ‘Financing, Insurance, Real Estate, Professional and Business Services’ is HKD 21,200. Hence the annual salary of HKD 254,400 as base calculation in the example.
8. According to an article published on skypost.ulifestyle.com.hk, median monthly employment earnings of employed persons for ‘Public Administration, Social and Personal Services’ is HKD 22,900. Hence the annual salary of HKD 274,800 as base calculation in the example.