Ranked No. 1 in the term critical illness insurance by 10Life1
Ranked No. 1 in the term critical illness insurance by 10Life1
All-in-one coverage
for early stage & recurrence of 3 major critical illnesses
Carcinoma-in-situ + "Angioplasty"
Recurrence of Cancer, Heart Attack or Stroke2
Guaranteed renewal up to age 100 upgrade!

Limited Time Offer

Limited Offer

Does CI Insurance really matter to me? What are the odds?
Critical illnesses are more common
than you think…
😨
If you are diagnosed with a critical illness, you may...
How can CI insurance help?
CI insurance provides a lump-sum benefit which not only protects yourself, but also ensures…
Anything I need to learn more before the purchase?
🤔 How much coverage is considered sufficient?
🤔  How costly are treatments for critical illnesses?
Is medical insurance already sufficient?
🤔 Should I go for a “Term” or “Savings” CI insurance?
🐥 New to insurance and want to know more?
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Unique features

CI recurrence rates are increasing rapidly

“Bowtie Term CI - Multiple Cover” & “Bowtie Term CI - Early Stage & Multiple Cover” allows:

Multiple claims for 3 Major Illnesses (Cancers, Heart attacks and Strokes)6
Max 1 claim for each of the other 39 covered major critical illnesses
Max 5 major illness claims in total over the insured period; the amount of each major illness claim is 100% of the sum insured
🔍 Multiple Cover Example - Sum insured: HK$1M (actual aggregate claim payment is HK$5M)

Covers 42 major critical illnesses

4 “Supplementary Coverages”*

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.

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. 

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. 

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.
If you see a "+" symbol, you can click on it to view more information.
Remarks

Early stage critical illnesses are more common

Covering 4 Early Stage Critical Illnesses (“CI”)

including carcinoma-in-situ and angioplasty surgeries

Medical expenses for early stage CI can vary significantly. For example, surgical fees for angioplasty can range from $100,000 to $300,000 9. In addition, patients may need to continue taking medications and undergo regular checkups for up to 1 year following the surgery10. These factors can have an impact on patients’ work lives and impose further financial burdens.

“Bowtie Term CI- Early Stage & Multiple Cover" provides a lump-sum benefit of 20% of the sum insured 8 if you are diagnosed with any of the 4 covered early stage CI, offering you more flexibility in coping with various expenses.
What are early stage critical illnesses?

As of 2020, the diagnosis rate of breast Carcinoma-in-situ among females aged 45 to 49 was 36.2% (per 100,000 female population)**.

The number of individuals aged 40 to 50 diagnosed with coronary heart disease has increased by almost 40%. When the coronary artery contracts by a certain percentage, it is likely that angioplasty surgery will be required*.

Medical expenses for early stage CI can vary significantly. For example, surgical fees for angioplasty can range from HK$100,000 to HK$300,000#. In addition, patients may need to continue taking medications and undergo regular checkups for up to 1 year following the surgery##. These factors can have an impact on patients’ work lives and impose further financial burdens.

Comprehensive Coverage

Early Stage Critical Illness + 
Major Critical Illness →
Claim Up To 120%8

Multiple Claims for Early Critical Illnesses

Max 5 times*

for Early Critical Illnesses claims

*Other Early Critical Illnesses: 1 time, carcinoma-in-situ: 2 times, angioplasty and coronary artery bypass graft: 2 times
Angioplasty, atherectomy or minimally invasive direct coronary artery bypass grafting for coronary arteries

Upgrade to Term CI - Early Stage & Multiple Cover with just a 12% increase in your premiums!!

Examples

For a 35-year-old male non-smoker with a sum insured of $1 million, the monthly premium for “Bowtie Term CI - Multiple Cover” is $187.  With a monthly premium of $211, you can upgrade to our “Term CI - Early stage & Multiple Cover" insurance plan, with a slight increase of 12% premium only.

Comprehensive protection

Early stage + Major critical illnesses → 120% total payout

Typical Term CI products in the market

Typical term CI insurance plans on the market “prepay” 20% of sum insured for an early stage critical illness, and pay the remaining 80% of sum insured if the insured person is diagnosed with a subsequent major critical illness.

Early stage and major critical illnesses may not necessarily be eligible for multiple claims.

Bowtie Term CI - Early Stage and Multiple Cover

Bowtie provides an additional 20% of the sum insured for early stage critical illness diagnosis. After a 2-year waiting period, a lump sum benefit equivalent to 100% of the sum insured is paid for major critical illness that is diagnosed thereafter, resulting in a total payout of 120%.
We also allow up to 5 claims each for both early stage and major critical illnesses 2,7, meaning the total payout amount can reach up to 600% of your sum insured. Please refer to the benefit table and examples below for more details.

Upgrade to Term CI - Early Stage & Multiple Cover with just a 12% increase in your premiums!!

Examples

For a 35-year-old male non-smoker with a sum insured of $1 million, the monthly premium for “Bowtie Term CI - Multiple Cover” is $187.  With a monthly premium of $211, you can upgrade to our “Term CI - Early stage & Multiple Cover" insurance plan, with a slight increase of 12% premium only.

 How does our claim mechanism work?

After completing the 2-year “Early Stage CI Benefit Waiting Period”

We provide “Extra Payout”

  • We provide an Early Stage CI Benefit at 20% of the sum insured11 if you are diagnosed with any of the 4 covered early stage CI. This benefit allows up to 5 claims, totalling 100% of the sum insured8
.
  • After successfully claiming the Early Stage CI Benefit and passing the 2-year waiting period11, if you are diagnosed with a major critical illness, we will pay 100% of the sum insured as a lump sum under the Major CI Benefit. The Multiple Cover Benefit also allows up to 5 claims for major critical illnesses 6,8.
  • Our “Term CI - Early Stage and Multiple Cover” insurance plan provides a maximum total claimable amount of up to 600% of the sum insured.
Major critical illnesses: 100% x 5 = 500%
Early stage critical illnesses: 20% x 5 = 100%
Total
claim amount:  
$1,200,000

Claims within the Early Stage CI Benefit Waiting Period

We pay 100% of the sum insured

  • If the insured person successfully claims the Early Stage CI Benefit and is diagnosed with another covered early stage critical illness again during the waiting period (i.e. within 2 years), the subsequent early stage critical illness will not be covered.
  • If the insured person successfully claims the Early Stage CI Benefit (receiving a claims amount equal to 20% of the sum insured) and is diagnosed with a major critical illness during the waiting period (i.e. within 2 years), we will pay the remaining 80% of the sum insured for the major critical illness. This means that the total payout amount for the two illnesses will be equivalent to 100% of the sum insured8.
Why so?
Why so?
Total
claim amount:  
$1,000,000
The above example is for reference and illustrative purposes only. The dates of diagnosis are assumed to be January 1st of each year. If you are in doubt as to whether a particular critical illness is eligible for a claim, please check with a registered medical specialist. However, Bowtie reserves the right to refer any dispute to our medical advisor and/or our Registered Medical Specialists at our reasonable discretion for determination which shall be final.
If you see a "+" symbol, you can click on it to view more information.
Remarks

Provide Longer-Term Protection To Suit Your Needs

Critical illness insurance mainly supports the insured person's living expenses when they lose income due to critical illnesses. Since most people no longer have income after retirement, and living expenses would reduce accordingly, Bowtie recommends reducing the critical illness coverage appropriately after age 65; while medical insurance should continue to support your medical expenses, such as Bowtie VHIS.

However, we understand that everyone has different needs. If your medical coverage or savings are insufficient, term critical illness insurance can serve as a backup in old age.

So Bowtie extends the renewal age to Age 10012,13,14. This upgrade gives you greater flexibility to choose whether to retain critical illness protection or how much to retain.
12. With the policyholder's confirmation, Bowtie will switch the "Term CI Multiple Cover" and "Term CI Early Stage and Multiple Cover" to "Term CI" when the insured person renews at age 85. The policy will automatically be renewed from age 86 to 100.
13. The multiple CI cover and early-stage CI cover will end on the plan anniversary immediately following the 85th birthday.
14. Upon renewal at age 86, all policies will be converted to "Term CI". Under the "Term CI" coverage, the protection will terminate after one time critical illness claim.Note: If the insured person is diagnosed with a critical illness at a very old age, the total critical illness premiums paid may exceed the sum insured.

Note: If the insured person is diagnosed with a critical illness at a very old age, the total critical illness premiums paid may exceed the sum insured.
6k+
客戶已購買Bowtie 危疾保
100%
賠償率
93%
整體客戶對客服滿意度評分
90%
成功自行在網上完成投保

Highly praised by the industry

Policy sold through direct channel 8
2021-2023H3
10Life Fair Rating

No.1 in Term Critical Illness Category#

💡 Most Term CI products in the market do not cover recurrence of the 3 Major Illnesses.
個案
醫療費用^
一般計劃
Bowtie
靈活計劃保障*
🤒 因傷風感冒前往醫院門診或診所求醫 (但毋須住院或接受手術)
門診診金+
藥費+腸鏡檢查
-
-
🔎 因大便有血前往診所求醫
獲轉介進行門診腸鏡檢查
覆診診金+
藥費
😷 接受腸鏡檢查
一星期後前往診所覆診
門診診金 +
治療費用*
🤕 因意外受傷而前往醫院門診或醫院急症室求醫 (不包括一般西醫診所)
門診診金 +
治療費用
-
在診所洗腎
洗腎費用
-
Covers 37 suggested Major Critical Illnesses*
Multiple claims for 3 Major Critical Illnesses and other critical illnesses
Covers from 15 days - 65 years old
Online Application
#Source: 10Life, Bowtie's "Term CI - Early Stage and Multiple Cover" was awarded a 5-star Term Critical Illness Insurance Award and ranked No.1 in the Term Critical Illness category (as of 21 December 2023).
*10Life refers to the definition of major critical illnesses by the Life Insurance Association Singapore, click here to learn more.
10Life Fair Rating

Lowest Average Annual Premium15

15 According to 10life, the online insurance comparison platform (referenced on March 11, 2024), among the top 4 ranked annually renewable Term Critical Illness insurance plans for ages 25-45, Bowtie's Term CI - Early Stage and Multiple Cover received the highest score, and its premium was also the lowest among the 4 insurance companies. The above chart uses the premium for a 35-year-old man as an example. Please note that the coverage and underwriting criteria of different companies' products may vary. Customers should select relevant products according to their individual or actual needs.

The above premium is updated as of December 21, 2023 and does not include the premium levy charged by the Insurance Authority. Source: 10Life
Benefit table
Plan Coverage
Recommended

Term CI - Early Stage and Multiple Cover

Term CI - Multiple Cover

Term CI

Maximum no. of claims
Maximum no. of claims

Early stage critical illnesses: 5 times
Major critical illnesses: 5 times

Maximum no. of claims

Major critical illnesses: 5 times

Maximum no. of claims

Major critical illnesses: 1 time

Each claim payout
(% of sum insured)
Each claim payout is equivalent to a % of sum insured 

Early Stage CI:20% of the sum insured16
Major CI:100% of the sum insured

Each claim payout is equivalent to a % of sum insured 

Major critical illnesses: 100%

Each claim payout is equivalent to a % of sum insured 

Major critical illnesses: 100%

Early Stage CI Benefit
Early Stage CI Benefit
Covers carcinoma-in-situ,  early stage malignancy and “angioplasty”
Early Stage CI Benefit
Early Stage CI Benefit
Coverage
Coverage

4 Early stage CI

+ 42 Major CI

+ 4 “supplementary coverages”

Coverage

42 Major CI 

+ 4 “supplementary coverages”

Coverage

42 Major CI 

+ 4 “supplementary coverages”

Compassionate Death Benefit
Payable to the Beneficiary when the Insured Person dies.
Compassionate Death Benefit

5% of Sum Insured

Compassionate Death Benefit

5% of Sum Insured

Compassionate Death Benefit

5% of Sum Insured

Survival period
Level Up!
Survival period11
Level Up!
Survival period11
Level Up!
Survival period11
Remarks:When the insured person reaches the renewal age of 85, Bowtie will make contact with the policyholder. With the confirmation of the policyholder, Bowtie will switch the "Term CI Multiple Cover" and "Term CI Early Stage and Multiple Cover" to "Term CI" , the policy will automatically be renewed from age 86 to 100 then:

- The multiple CI cover and early-stage CI cover will end on the plan anniversary immediately following the 85th birthday.
- Supplementary Coverages of “Total Permanent Disability” and “Loss of Independent Existence” will end on the plan anniversary immediately following the 65th birthday.
- Supplementary Coverages of “Major Medical Treatment” will end on the plan anniversary immediately following the 69th birthday. 

If the insured person is diagnosed with a critical illness at a very old age, the total critical illness premiums paid may exceed the sum insured. For example, a man purchases $1 million Bowtie Term CI, renews it till the age of 82, and then suffers from critical illnesses unfortunately at the age of 82. The total paid premium may exceed $1 million.

Important Product Information

Product Category
All Bowtie critical illness products are Term Critical Illness Products. They are pure critical illness protection plans without any savings component. If the insured person is diagnosed with any major critical illnesses or early-stage critical illnesses covered under the plan, we will pay out a lump sum of the sum insured. The use of this payout is unlimited.
Issue age
15 days – age 65
Minimum Sum Insured
HK$100,000
Maximum Sum Insured
HK$4,000,000 (Issue age: 15 days - 45 years old)
HK$2,500,000 (Issue age: 46 - 60 years old)
HK$1,500,000 (Issue age: 61 - 65 years old)
Once your policy is in force, your sum insured will remain unchanged. For example, if you bought a sum insured of $4,000,000 before the age of 45. Your sum insured remains $4,000,000 even when you reach the age of 85 or above .If you wish to change your sum insured, you can make the request on Bowtie’s online platform at least 30 working days before the next renewal date.
Compassionate Death Benefit
5% of the sum insured
Payable to the Beneficiary when the Insured Person dies.
This benefit is only payable when the Critical Illness Benefit has neither become payable nor been paid.
Period of Cover
1 year – Guaranteed annual renewal up to age 100
When the insured person reaches the renewal age of 85, Bowtie will make contact with the policyholder. With the confirmation of the policyholder, Bowtie will switch the "Term CI Multiple Cover" and "Term CI Early Stage and Multiple Cover" to "Term CI" , the policy will automatically be renewed from age 86 to 100 then:
  • The multiple CI cover and early-stage CI cover will end on the plan anniversary immediately following the 85th birthday.
  • Supplementary Coverages of “Total Permanent Disability” and “Loss of Independent Existence” will end on the plan anniversary immediately following the 65th birthday.
  • Supplementary Coverages of “Major Medical Treatment” will end on the plan anniversary immediately following the 69th birthday.
If the insured person is diagnosed with a critical illness at a very old age, the total critical illness premiums paid may exceed the sum insured. For example, a man purchases $1 million Bowtie Term CI, renews it till the age of 82, and then suffers from critical illnesses unfortunately at the age of 82. The total paid premium may exceed $1 million.
Waiting period
Applicable to Bowtie Critical Illness Series : 90 Days
Any illnesses diagnosed or symptoms manifested within the 90-day waiting period from the policy effective date will not be covered.

Applicable to Bowtie Term CI Multiple Cover and Bowtie Term CI Early Stage and Multiple Cover only - Multiple Cover Benefit Waiting Period : 2 years

For Multiple Cover Benefit, no benefit will be paid for any subsequent Major Critical Illness diagnosed (except for Subsequent Cancer) or Major Surgical Procedure performed within 2 years from the date of diagnosis of the preceding Major Critical Illness or the performance of the preceding Major Surgical Procedure which is payable under this Plan.

Applicable to Bowtie Term CI Early Stage and Multiple Cover only - Early Stage Critical Illness Benefit Waiting Period : 2 years
For Early Stage Critical Illness Benefit, no benefit will be paid for any subsequent Early Stage Critical Illness diagnosed or Early Stage Critical Illness Surgical Procedure performed within the Early Stage Critical Illness Benefit Waiting Period, i.e. two (2) years from the date of diagnosis of the preceding Early Stage Critical Illness or the performance of the preceding Early Stage Critical Illness Surgical Procedure which is payable under this Plan.
Survival Period
None
The Insured Person must be alive on the date that the definition of Major Critical Illness, subsequent Major Critical Illness or Early Stage Critical Illness (as defined in the Definitions of Major and Early Stage Critical Illnesses and Surgical Procedures) is satisfied, and the medical evidence to reach such diagnosis is issued when the Insured Person is alive. No medical test or examination concluded after the Insured Person’s death will be considered in evaluating a claim.

Our critical illness protection products are designed to assist in covering your loss of income and additional expenses during an occurrence of an early stage critical illness or major critical illness. This plan is not intended to overlap or serve as a substitute for life insurance.
Additional requirements for Multiple Cover Benefit
(Applicable to Bowtie Term CI Multiple Cover and Bowtie Term CI Early Stage and Multiple Cover only)
For Multiple Cover Benefit, the below critical illnesses shall fulfill additional requirement:
Cancer:
  • A subsequent Cancer following any preceding Cancer claim(s) that we have paid, is:
    (i) any Cancer that has reappeared, metastasised, continued without remission, or a new primary Cancer, that is diagnosed after your preceding Cancer claim;
    (ii) the Cancer exists at, or after the end of the Multiple Cover Benefit Waiting Period; and
    (iii) the Insured Person has received Active Treatment in the 12 months immediately prior if the subsequent Cancer is reappeared, metastasised or continued without remission.
    Active treatment refers to any cancer directed surgery, radiotherapy, cytotoxic chemotherapy, targeted therapy or immunotherapy. It does not include any treatment given solely as palliative care or hormonal therapy.
Heart Attack:
  • A subsequent Heart Attack following any preceding Heart Attack claim(s) that we have paid, demonstrates fresh diagnostic findings evidencing diagnosis of a new event (e.g. a newly diagnosed death of a portion of heart muscle). 
Stroke:
  • A subsequent Stroke following any preceding Stroke claim(s) that we have paid, demonstrates fresh diagnostic findings evidencing diagnosis of a new event and of new or increased neurological functional impairment (e.g. a newly diagnosed cerebrovascular accident or incident).
    Brain-related symptoms caused by migraines are not eligible for stroke claims.
Coronary Artery By-Pass Grafts or Other Serious Coronary Artery Disease:
  • If any benefit has already been paid for Heart Attack, we will not pay a Multiple Cover Benefit for any Coronary Artery By-Pass Grafts or Other Serious Coronary Artery Disease.
This coverage will end on the plan anniversary immediately following the 85th birthday.
Additional requirements for Early Stage Critical Illness Benefit
(Applicable to Bowtie Term Critical Illness - Early Stage and Multiple Cover only)
For Early Stage Critical Illness Benefit, the below early stage critical illnesses shall fulfill additional requirement:
Carcinoma-in-situ:
  • Up to 2 claims - to be eligible for the second claim, the carcinoma-in-situ must occur in a specific organ different from the organ in the first claim.
Angioplasty, Atherectomy or Minimally Invasive Direct Coronary Artery Bypass Grafting for Coronary Arteries:
  • Up to 2 claims - to be eligible for the second claim, the treatment must be performed on a location of stenosis in a major coronary artery where no stenosis of greater than 50% was identified in the medical examination relating to the first claim.
Other early stage critical illnesses:
  • Maximum 1 claim 
    This coverage will end on the plan anniversary immediately following the 85th birthday.
    Cooling-off Period
    21 days
    You may cancel the Plan and receive a full refund of premiums within the cooling-off 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.
    Policy Cancellation
    Make the request on Bowtie’s online platform at least 30 working days before the next renewal date
    Tax Deduction
    Not applicable

    Exclusions

    No benefit will be payable under the Plan for Major Critical Illness, Major Surgical Procedure, Early Stage Critical Illness, Early Stage Critical Illness Surgical Procedure or death caused directly or indirectly, wholly or partly, by any of the following events; and/or in the following circumstances:
    • Waiting period: the Insured Person dies or suffers from any illness, the sign(s) and/or symptom(s) of, or undergoes a surgery, the cause(s) and/or condition(s) which, have been manifested within ninety (90) days following the Policy Effective Date (except for an illness or surgery caused directly by an Accident and diagnosed within ninety (90) days from the date of the Accident);
    • Pre-existing condition(s);
    • 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 and Early Stage Critical Illnesses and Surgical Procedures);
    • Drugs, suicide and illegal activities: (i) dependence, overdose or influence of drugs, alcohol, narcotics or similar substances 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;
    • Armed forces: participation in any armed force or peace-keeping activities;
    • Nuclear, biological, and chemical activities: nuclear, biological, and chemical related activities. This includes, but is not limited to, nuclear fission, nuclear fusion, ionising 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
    • War and terrorism: revolutions and war (declared or undeclared), or acts of terrorism.
    No Multiple Cover Benefit will be payable in the following circumstances:
    • the same Major Critical Illness or Major Surgical Procedure for which a Major Critical Illness Benefit or Multiple Cover Benefit has already been paid (except for Heart Attack, Stroke and Cancer);
    • a Major Critical Illness or Major Surgical Procedure which, in our opinion (as confirmed by a Registered Medical Specialist acceptable to us):
    • is a complication of;
    • arises in connection with;
    • results from; or
    • is a treatment for 
    • a condition for which a Major Critical Illness Benefit or Multiple Cover Benefit has already been paid (except for Subsequent Cancer);
    • any Coronary Artery By-Pass Grafts or Other Serious Coronary Artery Disease, if Major Critical Illness Benefit or Multiple Cover Benefit has already been paid for Heart Attack;
    • any Major Critical Illness diagnosed (except for Subsequent Cancer) or Major Surgical Procedure performed during the Multiple Cover Benefit Waiting Period;
    • any Major Critical Illness diagnosed or Major Critical Illness Surgical Procedure performed, if on the Policy Effective Date or the last Plan Anniversary (if this Plan has been Renewed), the Age of the Insured Person exceeds 85.
    No Early Stage Critical Illness Benefit will be payable in the following circumstances:
    • the same Early Stage Critical Illness or Early Stage Surgical Procedure for which an Early Stage Critical Illness Benefit has already been paid (except for “Carcinoma-in-situ” and “Angioplasty and other Invasive Treatments for Coronary Artery” );
    • a Major Critical Illness Benefit that has been paid or is payable;
    • any Early Stage Critical Illness diagnosed or Early Stage Critical Illness Surgical Procedure performed during the Early Stage Critical Illness Benefit Waiting Period;
    • any Early Stage Critical Illness diagnosed or Early Stage Critical Illness Surgical Procedure performed, if on the Policy Effective Date or the last Plan Anniversary (if this Plan has been Renewed), the Age of the Insured Person exceeds 85.
    The information on the page is for reference only, please refer to the full and detailed policy Terms and Conditions.

    How simple is the claim procedure?

    Our claims specialist will serve you one-to-one to ensure a successful claim application

    Claim hotline: 3001 5670
    CS WhatsApp: 3008 8123
    Email: claim@bowtie.com.hk
    CS LiveChat

    Upload claim documents with your phone anywhere, anytime

    Round-the-clock update on the claim progress (SMS, email)

    FAQ

    I need Critical Illness Insurance. When should I get it?

    If you think you need Critical illness insurance, we recommend getting it as early as possible. When you're younger, you're statistically less likely to have health issues. This means you'll have a better chance of securing lower premiums and avoiding exclusions or loadings on your coverage during the underwriting process. This translates to a more affordable and comprehensive coverage.

    Who needs Critical illness insurance?

    Critical illness insurance can help cover lost income during treatment, allowing you to manage your family and your's daily expenses. That's why anyone who relies on their full-time job for income needs critical illness insurance. Click here to learn more.

    What are the differences between 3 of the Bowtie’s Critical illness Insurance plans

    The major differences between the three plans lies within (1) Coverage Scope (2) Number of Compensation.

     

    Critical Illness

    Multiple-Cover

    Early Stage and Multiple Cover

    Coverage Scope

    Major Critical Illness

    Major Critical Illness

    Early Stage and Major Critical Illness

    Number of Compensation

    1 time

    Maximum 5 times
    Multiple claims for the three critical major illnesses

    Maximum 10 times
    Multiple claims for Early Stage critical illness and the three critical major illnesses

    Click here for the Definitions of Major and Early Stage Critical Illnesses and Surgical Procedures

    ^Early Stage Critical Illness Benefit: Pay an amount equivalent to twenty percent (20%) of the sum insured as Early Stage Critical Illness Benefit (the maximum amount per insured person per claim is HK$300,000)

    I already have Bowtie VHIS or Cancer Insurance. Do I still need ‘Bowtie Critical Illness Insurance’?

    The primary function of Bowtie VHIS and Cancer Insurance is to provide "reimbursement" for medical expenses, while ‘Bowtie Critical Illness Insurance’ provides a lump sum payment to cover living expenses if you are unable to work due to a critical illness. The two serve very different purposes. Here are our recommended combinations:

    1. Have Group Medical Insurance/Other Individual Health Insurance → Bowtie Pink + Critical Illness Insurance
      You can use your group medical insurance/other individual health insurance to offset the deductible and get Bowtie Pink, which offers full reimbursement at a more affordable price, to cover your medical expenses. Bowtie Critical Illness Insurance, on the other hand, will cover your living expenses if you lose income due to a critical illness. To learn more about how deductibles work, you can read this article.
    2. No Group Medical Insurance/Other Individual Health Insurance → Bowtie VHIS Flexi Plan + Cancer Insurance + Critical Illness Insurance.
      The Flexi Plan has a lower coverage amount, and a more affordable premium. However, the Flexi Plan has a benefit limit that may not be sufficient to cover cancer treatment costs. Cancer Insurance complements the Flexi Plan by covering cancer-related medical expenses, while, ‘Bowtie Critical Illness Insurance’ can help cover your living expenses.

    If you have any further questions, please contact our Product Specialists through WhatsApp

    I already have Whole Life Critical Illness Insurance. Should I get additional coverage with Term Critical Illness Insurance?

    Many people have purchased whole life critical illness insurance in the past. However, as time goes by, the coverage amount may no longer be sufficient. Therefore, many people choose to top up their protection with term critical illness insurance to get higher coverage at a more affordable price. You may want to consider this option as well.

     

    If you have any further questions, please contact our Product Specialists through WhatsApp

    What’s the difference between Term Critical Illness insurance and Savings-linked Critical Illness insurance?

    Term Critical Illness insurance is a pure protection product that focuses on providing coverage when critical illnesses is diagnosed within a specified period. Its premiums may be adjusted with age or upon renewal. Savings-linked Critical Illness insurance, on the other hand, combines protection with potential returns. If the insured person does not make a claim during the premium payment term, they can choose to surrender the policy at the end of the term and receive a cash value. However, for the same sum assured, Savings-linked Critical Illness insurance is generally more expensive. Click here to learn more

    What is Critical Illness Insurance? How many types are there?

    Critical Illness insurance is an insurance product designed to provide coverage for serious illnesses, including but not limited to cancer, heart disease, and stroke. If the insured person is diagnosed with a specified critical illness covered by the policy, they will receive a lump sum payment that can be used for any purpose.

    Critical Illness insurance can be broadly categorized into two types:

    1. Policies with savings/investment components
    2. Pure protection policies, also known as term critical illness insurance

    Both types of CI insurance provide a lump sum payment upon diagnosis. However, the former combines protection with potential returns, while the latter focuses solely on providing protection. Bowtie Critical Illness insurance is a term critical illness product, which means it is generally more affordable* than savings-linked CI plans for the same sum assured.

    *Based on the standard monthly premium for a 35-year-old non-smoking male for HK$1 million in coverage under the "Bowtie Multiple Critical Illness Insurance" plan; Savings-linked CI insurance: Data is based on the average of standard premiums for six savings-linked CI insurance plans (18-20 year premium payment term) offering multiple coverages in the market as of March 10, 2022.

    Understand Critical Illness insurance in detail 👉🏻 Critical Illness Beginner's Guide

    Does ‘Bowtie Critical Illness Insurance’ have a cooling-off period?

    ‘Bowtie Critical Illness Insurance’, ‘Multiple Cover Critical Illness Insurance’, and ‘Early Stage and Multiple Cover Critical Illness Insurance’ all come with a 21-day cooling-off period. If you cancel your policy within the cooling period, and have not received any claims payments or have any claims in progress, we will refund all premiums paid in full.

    Can I purchase more than one Bowtie Critical Illness Insurance?

    Bowtie only limits the total critical illness coverage amount an insured person can have with our company, not the number of policies.

     

    Learn More👇🏻

    You can buy more than one critical illness insurance plan from Bowtie, including 'Bowtie Critical Illness Insurance', 'Multiple Cover Critical Illness Insurance' and 'Early Stage and Multiple Cover Critical Illness Insurance'. However, the total coverage cannot exceed the limit. If you are unfortunately diagnosed with a critical illness in the future, you can also apply for claims from each insurance policy separately. As for whether you can buy two or more critical illness insurance policies from other insurance companies, it depends on the individual company's policy.


    Bowtie's limits on critical illness coverage amounts are as follows:

    Age of Insured Individual

    Maximum Sum Insured For Critical Illness

    15 days - 45 years old

    HK$4,000,000

    46 - 60 years old

    HK$2,500,000

    61 - 65 years old

    HK$1,500,000

    Should I purchase ‘Critical Illness insurance’, ‘Multiple Cover Critical Illness Insurance’, or ‘Early Stage and Multiple Cover Critical Illness Insurance’?

    If you have sufficient budget, we recommend ‘Early Stage and Multiple Cover Critical Illness Insurance’ for the most comprehensive coverage.

     

    Learn More👇🏻

    We've observed a recent upward trend in the incidence of early-stage critical illnesses and the recurrence rates of the three major critical illnesses. That's why Bowtie introduced ‘Early Stage and Multiple Cover Critical Illness Insurance’ to provide customers with adequate coverage, whether a condition is diagnosed before it develops into a major critical illness or if a critical illness recurs. For just a 12% increase in monthly premium*, you can upgrade from ‘Multiple Cover Critical Illness Insurance’ to ‘Early Stage and Multiple Cover Critical Illness Insurance’, making it a cost-effective choice.

    If you have a limited budget, you can choose ‘Multiple Cover Critical Illness Insurance’ to ensure that you and your family can maintain your quality of life if one of the three major critical illnesses recurs.

     

    If you have any further questions, please contact our Product Specialists through WhatsApp

     

    *For example, for a 35-year-old non-smoking male with a sum insured of HK$1 million, the premium for "Multiple Cover Critical Illness insurance" is HK$187, while the premium for “Early Stage and Multiple Cover Critical Illness insurance” with the same sum insured is only HK$211, an increase of 12%.

     

    My employer already provides me with Group Medical insurance. Do I still need Critical Illness insurance?

    Yes! Group medical insurance provided by employers typically only covers medical expenses on a reimbursement basis and does not provide support for living expenses if you are unable to work due to a critical illness. Critical illness insurance, on the other hand, provides a lump sum payment that can help cover your living expenses during this time.

    Won't term Critical Illness Insurance become increasingly expensive, making savings-linked insurance more worthwhile in the long run?

    It's true that term critical illness insurance premiums increase as you age. However, the overall premiums are still significantly lower* than savings-linked critical illness insurance in the long run. When comparing the cost difference between the two, there are three key points to consider:

     

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    1. It's true that term critical illness insurance premiums increase as you age. However, the overall premiums are still significantly lower* than savings-linked critical illness insurance in the long run. When comparing the cost difference between the two, there are three key points to consider:
    2. You may not need critical illness insurance after retirement as it’s designed to cover living expenses if you lose income due to as diagnosis of critical illness. Since retirees are not typically employed full-time, they would not experience income loss if they were to become critically ill. Medical expenses should be covered by health insurance (such as the Bowtie VHIS series). Therefore, it may not be necessary to continue paying for term critical illness insurance after age 65.
    3. Many people prioritize savings over protection due to budget constraints, opting for savings-linked critical illness insurance with lower coverage. However, they often regret not having sufficient coverage when they actually face a critical illness. This approach carries significant risk. We recommend securing basic protection with term critical illness insurance first and then considering other products to enhance your financial plan.

    Want to see Bowtie Critical Illness Insurance's "Future Premium Table"? (Bowtie Critical Illness Insurance/ Bowtie Multiple Cover Critical Illness Insurance / Bowtie Early Stage and Multiple Cover Critical Illness Insurance )

    Based on the standard monthly premium for a 35-year-old non-smoking male for HK$1 million in coverage under the ‘Bowtie Multiple Cover Critical Illness insurance’ plan; Savings-linked CI insurance: Data is based on the average of standard premiums for six savings-linked CI insurance plans (18-20 year premium payment term) offering multiple coverages in the market as of March 10, 2022.

    Does Bowtie Critical Illness Insurance have a waiting period?

    ‘Bowtie Critical Illness Insurance’ have a 90-day waiting period, starting from the policy effective date. Any illnesses or conditions diagnosed or surgeries performed during this period that are related to signs and/or symptoms present during the waiting period will not be covered.

    For Bowtie ‘Multiple Critical Illness Insurance’ and ‘Early Stage and Multiple Cover Critical Illness Insurance’, they have two different waiting periods: a 90-day waiting period after the new policy takes effect and a 2-year waiting period after each claim. Click here to learn more.

    How does the "Early Stage Critical Illness Multiple Coverage" feature work in Bowtie Early Stage Multiple Critical Illness Insurance? Are all early-stage critical illnesses covered for multiple claims?

    The 'Early Stage Critical Illness Multiple Coverage' feature provides coverage for carcinoma in situ, early-stage malignant tumors, and two types of angioplasty procedures. Each claim is subject to a 2-year waiting period and a payout of 20% of the sum assured.

     

    Learn More👇🏻

    Claim Requirements for 'Early Stage Critical Illness Multiple Coverage'
    The insured person must meet the following conditions to be eligible for multiple payouts:

    • Carcinoma in situ
      Up to two payouts are allowed. To be eligible for a second payout after any paid carcinoma in situ claim, the specific organ affected by carcinoma in situ must be different from the organ involved in the first claim.
    • Early Stage Malignancy 
      Maximum of one payout allowed. Furthermore, pre-malignant lesions and conditions are excluded, unless stated in Bowtie's Definition of early stage critical illness
    • Angioplasty Procedures
      • Angioplasty and other Invasive Treatments for Coronary Artery
        • Up to two payouts are allowed. To be eligible for a second payout, the primary coronary artery stenosis treated must not have been more than 50% narrowed at the time of the medical examination related to the first claim.
      • Angioplasty or endarterectomy for carotid arteries
        • Maximum of one payout allowed.
    •  

    Exclusions for 'Early Stage Critical Illness Multiple Coverage'

    • Any early-stage critical illness or early-stage critical illness surgical procedure for which an Early Stage Critical Illness Benefit has already been paid, except for carcinoma in situ and coronary angioplasty, atherectomy, or minimally invasive coronary artery bypass surgery;
    • Any critical illness for which a Critical Illness Benefit has been paid or is payable;
    • Any early-stage critical illness diagnosed or early-stage critical illness surgical procedure performed during the Early Stage Critical Illness Benefit waiting period.

     

    Important Notes for 'Early Stage Critical Illness Multiple Coverage'
    The above situations are subject to a 2-year Multiple Coverage waiting period.

    Is there a difference between the "Multiple Coverage" feature in 'Bowtie Early Stage and Multiple Cover Critical Illness Insurance' and 'Bowtie Multiple Cover Critical Illness Insurance'?

    The "Multiple Coverage" feature is largely the same for both plans ( this article explains how "Multiple Coverage" works). However, with 'Bowtie Early Stage and Multiple Cover Critical Illness Insurance', you are entitled to an extra 5 claims for early stage critical illness diagnoses of 20% of sum insured, with a 2-year waiting-period between each claim. 

     

    However, the payout amount for "Multiple Coverage" under Bowtie Early Stage Multiple Critical Illness Insurance may be affected by "Early Stage Critical Illness" claims and waiting periods.

     

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    If you have received an Early Stage Critical Illness benefit under Bowtie Early Stage and Multiple Cover Critical Illness Insurance, which is 20% of the sum insured, and you are diagnosed with a critical illness after the 2-year waiting period, you will receive a one-time lump sum payment equal to 100% of the sum assured.
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    However, if you have received an Early Stage Critical Illness benefit and are diagnosed with a critical illness within the 2-year waiting period, you will only receive a one-time lump sum payment equal to 80% of the sum assured.
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    The payout amount for "Multiple Coverage" under Bowtie Early Stage Multiple Critical Illness Insurance may be affected by "Early Stage Critical Illness" claims and waiting periods.

    Does Bowtie Critical Illness Insurance have a maximum renewal age?

    ‘Bowtie Critical Illness Insurance’, ‘Multiple Cover Critical Illness Insurance’, and ‘Early Stage and Multiple Cover Critical Illness Insurance’ all guarantee renewability up to age 100. However, partial coverage will decrease with age starting from age 65.

    Learn More👇🏻

    • Coverage for "Permanent Total Disability" and "Loss of Independent Existence" will automatically terminate on the policy anniversary immediately following the insured person's 64th birthday.
    • Coverage for "Major Medical Conditions" will automatically terminate on the policy anniversary immediately following the insured person's 69th birthday.
    • Bowtie will contact policyholders of ‘Multiple Cover Critical Illness Insurance’, and ‘Early Stage and Multiple Cover Critical Illness Insurance’ on the policy anniversary date immediately following their 85th birthday to confirm renewal. Upon confirmation from the policyholder, Bowtie will convert the ‘Multiple Cover Critical Illness Insurance’, and ‘Early Stage and Multiple Cover Critical Illness Insurance’ policies to ‘Bowtie Critical Illness Insurance’. This means that coverage will end after one payout for a major critical illness.
    Does Bowtie Critical Illness Insurance have a survival period?

    ‘Bowtie Critical Illness Insurance’, ‘Multiple Cover Critical Illness Insurance’, and ‘Early Stage and Multiple Cover Critical Illness Insurance’ do not have a survival period. This means that the insured person will receive the payout upon diagnosis of a covered critical illness or completion of a covered surgery, as long as they meet the claim requirements, without any requirement to survive.

    Does Bowtie Critical Illness Insurance include a death benefit?

    ‘Bowtie Critical Illness insurance’, ‘Multiple Cover Critical Illness Insurance’, and ‘Early Stage and Multiple Cover Critical Illness Insurance’ all include a ‘Compassionate Death Benefit’, which is equal to 5% of the sum insured. This benefit will be paid to the policy beneficiary upon the insured person's death. It's important to note that for all 3 plans, 'Bowtie Critical Illness insurance’, ‘Multiple Cover Critical Illness Insurance’, and ‘Early Stage and Multiple Cover Critical Illness Insurance’ , this benefit is only payable if there are no outstanding or unpaid critical illness claims.

    How much Critical Illness Insurance coverage should I purchase?

    As a general rule of thumb, since recovery from a critical illness typically takes 2 to 3 years, it is recommended to have a critical illness coverage amount of at least 2 to 3 times your annual income.

    Learn More👇🏻

    When deciding on the coverage amount, you can also consider the following factors based on your individual needs:

    • How much money would you need to maintain your daily expenses during your illness?
    • How much liquid assets and other sources of income do you have?
    • Is your health insurance coverage sufficient?
    • Inflation

    Want a personalized recommendation? You can use our ‘Personalized Recommendation’ tool designed by actuaries or contact our Product Specialists via WhatsApp

    Does Bowtie Critical Illness provide coverage overseas?

    ‘Bowtie Critical Illness Insurance’, ‘Multiple Critical Illness Insurance’, and ‘Early Stage Multiple Critical Illness Insurance’ all offer worldwide coverage. However, both the policyholder and the insured person must be residing in Hong Kong at the time of application. The policy will remain in effect whether the insured person moves abroad for a short or long period in the future (except for residing in locations affected by sanctions or war).

     

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    However, depending on the potential risks associated with the insured person's new country of residence, we may charge an additional premium for certain locations. If the insured person is temporarily residing in another country or traveling, working, or studying abroad, no additional premium will be charged.

    Please inform Bowtie of any change of address for both the policyholder and the insured person upon policy renewal. If you have any questions, please contact our Customer Service Department at 3008-8123.

    Is there a waiting period for Bowtie Term Critical Illness (Multiple Cover)?

    Bowtie ‘Multiple Critical Illness Insurance’ and ‘Early Stage and Multiple Cover Critical Illness Insurance’ have two different waiting periods: a 90-day waiting period after the new policy takes effect and a 2-year waiting period after each claim.

     

    Learn More👇🏻

    The two different waiting periods are:

    1. 90-day waiting period after the new policy takes effect: Any illnesses or conditions diagnosed or surgeries performed during this period that are related to signs and/or symptoms present during the waiting period will not be covered.
    2. 2-year waiting period after each claim: This waiting period applies because both products offer multiple coverage for certain critical illnesses or surgical procedures. This means that after the first claim, each subsequent claim must be at least 2 years apart. Any illnesses diagnosed or major surgeries performed within this 2-year waiting period will not be covered.

    Image Description: 2-year waiting period after each claim

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    *Specified critical illnesses or surgical procedures refers to where the policy clearly lists which early-stage critical illnesses and the Big 3 critical illnesses that are eligible for multiple claims.

    How does the "Multiple Coverage" feature work in Bowtie Multiple Critical Illness Insurance? Are all illnesses covered for multiple claims?

    Both ‘Bowtie Multiple Critical Illness Insurance’ and ‘Bowtie Early Stage and Multiple Cover Critical Illness Insurance’ offer "Multiple Coverage," providing up to five payouts for the three major critical illnesses (cancer, heart attack, and stroke). The benefit per payout will be 100% of the sum insured, with a 2-year waiting period between each payout.

     

    Learn More👇🏻 

    Under Bowtie Multiple Critical Illness Insurance, all other covered critical illnesses besides the three major ones are eligible for a single claim.

    Claim Requirements for "Multiple Coverage" under Bowtie Multiple Critical Illness Insurance
    The insured person must meet the following conditions to be eligible for multiple payouts:

    1. Heart Attack
      If you have received a critical illness payout for a heart attack, any subsequent heart attack claim must be for a newly diagnosed and newly occurring event, and you must provide new diagnostic evidence.
    2. Stroke
      If you have received a critical illness payout for a stroke, any subsequent stroke claim must be for a newly diagnosed and newly occurring event that results in new or more severe neurological deficits, and you must provide new diagnostic evidence.
    3. Cancer
      If you have received a critical illness payout for cancer, any subsequent cancer claim must be for:
      • A new cancer diagnosed after the previous cancer claim, or any cancer that has reappeared, metastasised, continued without remission;
      • If the subsequent cancer claim is for recurrence, metastasis, or continuation that has not been in complete remission, the insured person must have received active treatment^ within 12 months prior to the payable date; and
      • The cancer must have existed on or after the end of the Multiple Critical Illness Benefit waiting period.

    Exclusions for "Multiple Coverage" under Bowtie Multiple Critical Illness Insurance

    • Any critical illness or major surgical procedure for which a Critical Illness Benefit or Multiple Critical Illness Benefit has already been paid, except for cancer, heart attack, and stroke;
    • Any critical illness or major surgical procedure (excluding cancer) that, in the opinion of a registered specialist approved by us, is related to a condition for which a Critical Illness Benefit or Multiple Critical Illness Benefit has already been paid, and such critical illness or major surgical procedure: 
      • Is caused by a complication of the condition for which a benefit has been paid; or 
      • Is related to the condition for which a benefit has been paid; or 
      • Is caused by the condition for which a benefit has been paid; or
      • Is treatment for the condition for which a benefit has been paid.
    • Any critical illness diagnosed or major surgical procedure performed during the Multiple Critical Illness Benefit waiting period, except for subsequent cancer.
    • If we have paid a benefit for a heart attack, the Multiple Critical Illness Benefit will not cover any subsequent coronary artery bypass surgery or other serious coronary artery disease.

    Important Notes for "Multiple Coverage" under Bowtie Multiple Critical Illness Insurance
    The above situations are subject to a 2-year Multiple Coverage waiting period. Here are some examples:
    Screenshot 2024-09-25 at 4.30.10 PM.png

    ^Active Treatment: Includes surgery, radiotherapy, cytotoxic chemotherapy, targeted therapy, or immunotherapy for cancer. It does not include any treatment given solely for palliative care or hormonal therapy.

     

    'Bowtie Early Stage and Multiple Cover Critical Illness Insurance' also provides multiple claims for the 3 major critical illnesses (i.e. cancer, heart attack and stroke). However, the payout amount may be affected by the "Early Stage Critical Illness" benefit payout and the waiting period (2 years). Click here to learn about the differences in "Multiple Coverage" under Bowtie Early Stage Multiple Critical Illness Insurance.

    What is the procedure for withdrawing from my policy?

    You can easily withdraw from your policy by logging into Bowtie's online platform and selecting "Cancel Policy" at least 30 working days in advance. However, please note the following before withdrawing:

    1. If you reapply for any Bowtie Critical Illness Insurance plan after withdrawing from your policy, you will need to undergo underwriting again. Based on the underwriting results, you may face "extra premiums," "exclusions for specific illnesses," or even "rejection of coverage". The waiting period will also be recalculated.
    2. If you cancel your policy within the 21-day cooling-off period (starting from the policy effective date) and have not received any claims payments or have any claims in progress, you will receive a full refund of all premiums paid and any levy charged.
    Is there a minimum/maximum age for applying for Bowtie Critical Illness Insurance?

    The minimum age to apply for ‘Bowtie Critical Illness Insurance’, ‘Multiple Cover Critical Illness Insurance’, and ‘Early Stage and Multiple Cover Critical Illness Insurance’ is 15 days old. The maximum age to apply is 65 years old.

    Do I need to undergo a medical examination when applying for Bowtie Critical Illness Insurance?

    Policyholders only need to answer a few underwriting questions about their health status and can get approval results in as fast as 4 minutes. Apply now!

    Bowtie may request the latest medical reports (such as physical examination or blood test reports) or ask the insured to undergo a blood test to assist the underwriting department in assessing the underwriting risk based on the health status declared by the insured. The blood test fee will be borne by Bowtie.

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

    You only need to prepare your identity document and credit card or debit card to begin the application process.

    How much coverage can I purchase for my Term Critical Illness policy?

    The minimum sum insured for ‘Bowtie Critical Illness Insurance’, ‘Multiple Pay Critical Illness Insurance’, and ‘Early Stage and Multiple Pay Critical Illness Insurance’ is HK$100,000. The maximum sum assured varies depending on the insured person's age:

    Age of Insured Individual Maximum Sum Insured for Critical Illness
    15 days - 45years old HK$4,000,000
    46 - 60 years old HK$2,500,000
    61 - 65 years old HK$1,500,000

    Your coverage amount will remain the same after you purchase the policy. For instance, if you purchase a policy with a coverage amount of HK$4,000,000 before the age of 45, your coverage amount will still be HK$4,000,000 when you reach 85 years old.

    Can I still file a claim if I am overseas?

    Yes. As long as you have all the required documents, you can file a claim by calling 3001 5670 or emailing claim@bowtie.com.hk.

    If the insured person is seriously ill, can someone else help with the claim application?

    An authorized relative can handle the claim application. As an authorized relative, you can file a claim using Bowtie's guest claim form, by calling 3001 5670, or by emailing claim@bowtie.com.hk. One of our Claims Specialists will contact you directly to follow up on your claim and guide you through the required documents.

    What is the claims process for ‘Bowtie Critical Illness Insurance’?

    If you need to make a critical illness claim, you can download the relevant critical illness claim form from the Claims Section of the Bowtie Customer Online Platform for your doctor to complete (if the form for the diagnosed critical illness is not available for download on the platform, please contact our Customer Service Centre).

    You can then submit your claim to us by uploading the form and other supporting documents (such as discharge summary, referral letter, diagnosis and laboratory reports issued by a registered doctor or specialist) through the platform within 90 days of the diagnosis.

    Do I still have to pay for my premium after I’ve claimed my Critical Illness insurance? Also, would my premium be higher because I had claimed it?

    If you have ‘Bowtie Critical Illness Insurance’, the coverage will end immediately after the claim is paid and you will not need to pay any more premiums.

    However, if you have ’Bowtie Multiple Cover Critical Illness Insurance‘ or “Bowtie Early Stage and Multiple Cover Critical Illness Insurance”, even if you have made a claim, the coverage will remain in effect.

    As long as you continue to pay the premiums, the policy will be automatically renewed every year until the insured person reaches the age of 85, and the claims record will never affect the premium adjustment.

     

    Learn More👇🏻

    Plan

    Number of Compensations

    Do I Still Have to Pay Premiums After Receiving Compensation?

    Bowtie Critical Illness

    1 time

    X

    Bowtie Multiple Cover Critical Illness

    Major Critical Illness: 5 times

    As long as you continue to pay your premiums, the policy will provide coverage up to age 100*.

    Bowtie Early Stage and Multiple Cover Critical Illness

    Early Stage Critical Illness: 5 times
    Major Critical Illnesses: 5 times

    As long as you continue to pay your premiums, the policy will provide coverage up to age 100.

    For detailed information, please refer to our benefit table.

    Important Notes💡
    1. "Early Stage Critical Illness" and "Multiple Cover" benefits will automatically end on the earlier of the insured's 85th birthday or the next policy anniversary, and can be converted to 'Bowtie Critical Illness Insurance'.
    2. We will notify the policyholder of the arrangement via Bowtie platform message, email or SMS on the insured's 85th birthday. If the policyholder wishes to continue the coverage, simply confirm the renewal and the 'Bowtie Critical Illness Insurance' policy will be automatically renewed until the insured reaches the age of 100 or until you terminate the policy or it will be automatically terminated after a claim is made under the "Major Critical Illness Benefit".

    Will Bowtie pay the critical illness benefit to the insured person, the policyholder, or the beneficiary?

    If the insured person is diagnosed with a critical illness, the critical illness benefit will be paid directly to the policyholder.
    The Compassionate Death Benefit included in the plan will be paid to the beneficiary.

    I'm an existing ‘Bowtie Critical Illness Insurance’ customer. Can I upgrade to ‘Multiple Cover Critical Illness Insurance’ or ‘Early Stage and Multiple Cover Critical Illness Insurance’?

    Yes, but Bowtie will treat this "upgrade" as a new application, and you will need to go through the underwriting process again.

    Since the 90-day waiting period for the new policy will be recalculated (meaning any illnesses, conditions, or surgeries occurring within 90 days of the new policy's effective date will not be covered), we recommend that you keep your existing ‘Bowtie Critical Illness Insurance’ policy active after the new policy takes effect. You can then choose to cancel the original policy yourself after the 90-day waiting period for the new policy has passed. This ensures that your coverage is not interrupted during the transition.

    Can I change the sum insured after the policy is in effect?

    You can personally adjust your sum insured through our online platform.

     

    Learn More👇🏻

    Steps to adjusting your sum insured (with image assistance)

    1. Click hereto log into our online platform
    2. Click ‘My Protection’, then choose ‘Policies and Plans’
    3. Select the relevant policy and click on ‘Policy Modification’
      CI Adjust sum insured EN 2.png
    4. Under "Amend Policy," click on "Increase Your Coverage Amount" or "Decrease Your Coverage Amount"

     

    Important Notes
    Please note the following before adjusting your coverage amount:

    1. Increasing Your Critical Illness Coverage
      Bowtie will treat your application for additional coverage as a new policy, and an underwriting process will be required. Your existing policy will remain in effect.
      Example : Assuming the current coverage is HK$2,000,000 and you want to increase it to HK$4,000,000, the customer needs to submit a separate application for HK$2,000,000.*
    2. Decreasing Your Critical Illness Coverage
      The application for reduction must be submitted at least 15 days prior to the next renewal date. The policy with the reduced coverage amount will take effect on the renewal date, and the original policy will be invalidated. The additional terms and conditions of the original policy (such as additional premiums and individual exclusions) will be attached to the new policy. If you want to increase the critical illness coverage amount in the future, you will need to re-apply for a new policy and undergo underwriting.

    *For the new application, the insured person must disclose their latest health status. We will treat the application as a new policy and it will need to go through the underwriting process again. We will assess whether the latest health status is insurable, and the underwriting result may be different from the existing plan. Once the new application is approved, you will hold two valid policies to reach a total coverage of HK$4,000,000.

    Have questions about Bowtie's products? Our Product Specialists can assist you!
    Providing you with personalized product consultations and commission-free!
    Service Hours: 9:30 am to 6:30 pm, Monday to Friday

    Closed on Saturdays, Sundays, and Public Holidays
    By scheduling a consultation or WhatsApp inquiry, you acknowledge that you have read  Bowtie's Personal Information Collection Statement and agree to the use of your personal data for contact.
    For inquiries regarding existing policies, please contact our Customer Service Department:
    Hotline: 3008 8123 | Email: cs@bowtie.com.hk | Click “Live Chat” at the bottom right corner
    Bowtie Life Insurance Company Limited (the Company/Bowtie) is a limited liability company incorporated in Hong Kong. Bowtie Critical Illness Insurance, Bowtie Critical Illness Insurance (Multiple Cover) and Bowtie Critical Illness - Early Stage and Multiple Cover Insurance plans are underwritten by the Company and are only intended to be sold in Hong Kong. The above information is for reference only. For detailed terms and conditions of the product, please refer to the Plan Terms and Conditions and product documents.
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