Bowtie Term Life is a term life insurance. As long as you pay your monthly premiums, you will receive the life insurance coverage. In the event that the insured person dies while the plan is in force, we will pay the sum insured as the death benefit to the beneficiary.
Bowtie Term Life provides pure life protection without a savings element. Bowtie offers a 40x coverage amount under the same amount of premium compared to general savings life insurance products in the market.
Monthly premium as low as $24 per every $1 million sum insured
The insurance coverage is automatically renewed every year and the premium is determined according to the actual underlying risk at the attained age, 100% fair pricing
Bowtie saves you 28% on premium under the same amount of coverage, 100% fair pricing.
Death benefit coverage
(100% of sum insured)
If the insured person dies, Bowtie will pay the death benefit to the beneficiary in a lump sum
18-65 years old
(the age of the last birthday)
The maximum renewal age
85 years old
(the age at the last birthday)
Minimum Sum insured
Maximum Sum insured
HK$8,000,000（18-45 years old）
HK$4,000,000（46-55 years old）
HK$2,000,000（56-60 years old）
HK$1,000,000（61-65 years old）
Policy coverage period
Automatic renewal every year
Provide financial support for your spouse, children and parents
Home mortgage loan- $4.5 million
Spouses and children’s living expenses (3 persons) - $1.8 million
Education fund - $400,000
Funeral cost - $50,000
Rent - $700,000
Spouses and parents’ living expenses (3 persons) - $1.8 million
Funeral cost - $5 million
Parents living expenses (2 persons) - $1.2 million
Car loan- $150,000
Funeral cost - $50,000
So long as you can submit all required documents, you won’t believe how fast it can take
Product information is transparent and clear, saving time to meet with insurance intermediaries
Insurance is all issued online using technology to save time
No longer need to rely on insurance intermediaries to process claims as they are directly handled by claims specialists
Term life insurance on the market typically covers $200,000 to $10 million. Bowtie provides an insurance coverage of $200,000 to $8 million for the life insured depending on their needs.
You can purchase more than one life insurance policy from different companies. Whether you are entitled to purchase two or more life insurance policies from the same company depends on the individual company policy. Bowtie only imposes restrictions on the total life sum insured amount of the insured.
Customer only needs to prepare his identification document and credit card to start the application process.
No need. Insured persons only need to answer 3 simple underwriting questions about their health conditions and approval results can be obtained in only a few minutes.
You can add, delete or change beneficiaries at any time during the effective period of the policy.
Bowtie term life 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.
The exclusions for Bowtie term life insurance include deaths caused directly or indirectly by AIDS, drugs, illegal acts, participation in armed forces, nuclear, biological and chemical activities, war or terrorism etc. Click here for a detailed explanation of exclusions.