¹ Bowtie Term Life/ "Last Wish Rider"(5/10/20 Year Plan) renew every 5, 10, or 20 years. The premium remains unchanged during the benefit term and will not be adjusted due to age. However, upon renewal, the premium will be adjusted according to age or the premium schedule in effect at the time. Bowtie Term Life (Yearly Renewable Plan) and "Last Wish Rider" renew annually, the premium is adjusted according to age or the premium schedule in effect at the time every year.
² Based on information collected from one online insurance company's official website as of May 15, 2026, a similar plan from another online insurance company only allows policyholders to adjust coverage upon renewal.
³ You can apply through the online platform 30 working days before the anniversary date：
a.Increase Sum Assured: The application will be treated as a new policy, requiring underwriting. The application for the additional sum assured will take effect immediately upon successful approval, and the premium will also be adjusted according to your age at the time of the increase or the premium schedule in effect at that time; If the original sum assured plus the requested increase exceeds the maximum sum assured for the insured's age at the time of the increase, financial underwriting and a medical examination are required.
b.Decrease Sum Assured: Provided the amount is not below the minimum sum assured requirement, we will generally approve the application directly without the need for underwriting, and it will take effect on the policy anniversary date. After the sum assured is decreased, the benefit term will be recalculated, and the premium will also be adjusted based on your age at the time of the decrease or the premium schedule in effect at that time. For all policyholders with Bowtie Term Life(5/10/20 Year Plan), If you also hold the Last Wish Rider add-on protection, its benefit term will also be recalculated. The calculation period for the exclusion clause within the first 2 years of the policy effective date will not be reset.
c.Premium Adjustment: If approved, subsequent premiums are calculated based on the new sum assured and attained age.
⁴ Based on information collected from various online insurance companies' official websites as of May 15, 2026, similar term life plans available online typically offer a maximum Sum Assured of up to HK$10 million for standard life coverage. While some competitor plans may offer total claim payouts up to HK$24 million, this higher amount is generally restricted to specific death reasons, such as accident-related benefits, and is not the base term life Sum Assured. Bowtie Term Life (Yearly Renewable Plan) offers a maximum Sum Assured of up to HK$20 million for general life coverage (excluding suicide within 2 years of policy commencement).
⁵ [Applicable to Bowtie Term Life (Yearly Renewable Plan) only] When the insured person increases their sum insured amount beyond the standard limit, they will need to undergo a medical examination. The sum insured limits without medical examination are as follows:$8,000,000(18 - 45 years old) $4,000,000(46 - 55 years old）$3,500,000（56 - 60 years old）$1,000,000 (61 - 65 years old). Click here To understand the reasons behind financial underwriting and body check.
⁶ Based on information collected from various online insurance companies' official websites as of May 15, 2026, most term life plans on the market offer Terminal Illness coverage as an accelerated payout, typically advancing up to 100% of the basic Sum Assured.
⁷The insured must (1) provide a certificate of terminal illness, issued following diagnosis by a doctor in Hong Kong, to prove that the life expectancy is likely to be less than 12 months due to the terminal illness, and (2) survival of at least 14 days from the date of medical evidence of terminal illness diagnosed by a registered medical practitioner to be eligible to receive the lump sum payment of $300,000 from the Last Wish Rider, and (3) exceeded the waiting period of 180 days from the effective date of the Last Wish rider.
⁸ If, for any reason, if the insured person dies before making Last Wish Claims or dies due to other reasons other than terminal illnesses / does not meet claim conditions, in addition to the death benefit payable under the Bowtie Term Life Insurance policy (i.e., 100% of the sum insured), a compassionate death benefit under the Last Wish Rider will be paid (of $100,000).
⁹ Depending on the relationship with the beneficiary and the company's latest internal guidelines, we will require the policyholder to provide documents proving the relationship between the insured and the beneficiary, including marriage certificates, the insured's identity card, etc., to ensure the insurable interest between the two.

The information on this page is for general reference only. Customers should carefully consider their own needs and circumstances before making a decision to apply for or purchase a plan.
For detailed terms and conditions, product risks, and exclusions, please refer to the policy document. Should you have any concerns, policyholders may still refer complaints against the Company to the Insurance Authority (IA) or the Insurance Complaints Bureau (see details).
Bowtie Life Insurance Co. Ltd (“The Company”,”Bowtie”) is a limited liability company incorporated in Hong Kong. Bowtie Term Life is underwritten by our company and only intended for sale in Hong Kong. The above information is for reference only. For detailed terms and conditions of the product, please refer to the policy.
*Terms and Conditions apply.