We started accepting change of residency requests without policy termination to all Bowtie individual insurance plans in any countries/ regions except for those subject to sanction restrictions. Please refer to the following blog post for more details. If there are any enquiries, please contact our customer service team at 3008-8123.
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Annual benefit limit: HK$10,000,000/year
Lifetime benefit limit: HK$50,000,000
A deductible is the amount you need to pay by yourself in the event of a claim before the insurance company pays for your eligible medical expenses. The insurance company would cover any remaining medical expenses according to the benefit limits in the policy. The deductible of Bowtie Pink is counted per policy year.
Benefits items with full coverage
30-year-old non-smoker male, deductible option HK$80,000
Since 1 April, 2019, taxpayers (must be Hong Kong residents) who paid the premiums of certified VHIS products for themselves or their specified family members are eligible to claim a tax deduction on qualifying premiums up to a limit of HK$8,000 per insured person each year. If you need any tax advice, please consult your tax advisor or visit the website of the Inland Revenue Department.
The VHIS Flexi Plan is based on the benefit items of the Standard Plan but offers higher protection with higher limits and additional benefits. The Flexi Plan is also under the regulation of the Food and Health Bureau. You can click here to learn more about the differences between Standard and Flexi Plans.
Bowtie Pink VHIS Plan is a type of Flexi Plan that includes deductible options. It allows applicants to enjoy a higher coverage at a lower premium through choosing a suitable deductible.
All Bowtie VHIS Flexi Plans offer guaranteed lifetime renewal. As long as you pay your premiums on time, you will not lose your protection.
If you undergo day case surgery and the expense is covered by the surgeon’s fee benefit, you will also get day case procedure cash benefit. This is applied based on each surgery and the cash benefit is HK$500 for Flexi Regular, HK$800 for Flexi Plus, and HK$800 for Bowtie Pink.
There is no age limit for a hospital companion bed. Only one hospital companion bed is covered.
Both deductible and co-insurance are the amounts you need to pay by yourself in the event of a claim. The main difference is the calculation method.
Co-insurance is calculated by a percentage of the medical expense amount of each claim and applied to the corresponding benefit item(s). For example, in the Bowtie VHIS Standard Plan and Flexi Plan, the insured person is required to pay 30% of the medical expenses for the benefit item of prescribed diagnostic imaging tests (i.e. CT Scan), while the insurance company will pay the rest according to the benefit limits in the policy.
A deductible (or excess) is usually calculated per policy year. It’s the amount you need to pay by yourself in the event of claims before the insurance company pays for your eligible medical expenses. The insurance company would cover any remaining medical expenses according to the benefit limits in the policy.
For example, when you claim your medical expenses with the Bowtie Pink VHIS Plan (Semi-Private Room) Deductible HK$20,000, you need to pay the medical expenses of HK$20,000 first before you can get any reimbursement.Your deductible of HK$20,000 will be deducted from the claim(s) you make; you can only get reimbursed once the HK$20,000 has all been deducted (meaning that you have already fully paid for the deductible amount).
The deductible of Bowtie Pink is counted per policy year. For example, your policy year starts from 1 December 2021 (policy effective date) to 30 November 2022. The deductible will be reset on the renewal date (1 December of every year).
For a first-time buyer of medical plans, it’s suggested choosing a medical plan without deductibles such as Bowtie Pink VHIS Plan - Deductible HK$0. Because this minimises the chance of any out-of-pocket payments. If you’re on a tight budget, Bowtie VHIS Standard or Bowtie VHIS Flexi is a better option.
The suggested practice:
The benefit is that you can use the reimbursement from the existing medical plan to offset Bowtie Pink’s deductible to reduce any out-of-pocket payments.
Let’s say you have bought the Bowtie Pink - Deductible HK$20,000 and you are hospitalised.
Total eligible medical expenses: HK$40,000
Group medical plan’s benefit limit: HK$30,000
First, you submit a claim with your group medical plan and get a reimbursement of HK$30,000, which will offset Bowtie Pink's deductible of HK$20,000 . Second, your medical expenses balance of HK$10,000 (HK$40,000 − HK$30,000) gets fully covered with Bowtie Pink. After these claims, you pay nothing for your medical expenses.
The above suggestion is for reference only and does not guarantee that there will be no out-of-pocket medical expenses. It’s better to consider the suggestion according to your actual situation and the coverage of your existing medical plans.
The policyholder of the Bowtie Pink VHIS Plan can choose a lower deductible option at a certain age without re-underwriting and without providing further evidence of the insurability of the insured. The certain age depends on the age of the insured person when the policy is issued—if the insured person is 0-55 years old when the policy is issued, the age of re-selecting the deductible option is 65; if the insured person is 56-80 years old when the policy is issued, the age of re-selecting the deductible option is the 10th year of the policy’s effective date or 85 (whichever is earlier).
If you want to lower the deductible of Bowtie Pink anytime, you can make this request to Bowtie on any renewal date. But you are required to go through the underwriting again (re-underwriting). Also, this is subject to Bowtie's discretion to approve or reject any such requests according to Bowtie’s prevailing underwriting practices.
If you mistakenly gave an inaccurate answer for an underwriting question in your application, please contact us as soon as possible through the following channels to make the correction.
Please note inaccurate information may impact claims results in the future.
If you are unable to get an instant quote, it doesn’t mean your application is declined. It may be due to one of the following:
If you provided us with your email address during your application, our customer service team will be in touch to assist with your application.
You can contact us through the following channels if you have questions about our underwriting or unsure how to answer.
Please note inaccurate information may impact future claims results.
Bowtie leverages Hong Kong’s first-of-its-kind fully online medical underwriting system to evaluate applicants’ health conditions instantly. No medical examinations or paper forms are required, and as a result, the application process is shortened from at least three days to as quick as 10 minutes.
Based on the health information you provide, we analyse the severity of your previous illnesses and instantly provide the fairest and most accurate premium rates. Typically, if the applicant is in good health, premiums would be low. 95% of the questions in our underwriting system are multiple choice.
The insured person whose age is between 66 and 80 must go to designated clinics to complete the following health assessments for underwriting, after applying for Bowtie Pink.
Bowtie shall not reject any application by the policyholder for the transfer of ownership to
In this case, you need to redo the underwriting process. If the declared health condition impacts the risk assessment outcome, new exclusions may be added to your policy, your premiums may be adjusted or your policy may be cancelled.
Annual renewal premiums are adjusted according to age. We do not increase premiums for individual policyholders because of the number of claims they made, their claim amounts or their health conditions.
In addition, the VHIS Standard Plan guarantees renewal up to age 100 and the VHIS Flexi Plan (including Bowtie Pink VHIS Plan) guarantees lifetime renewal. We will not reject your renewal request due to your claim history or health condition.
You can request a claim estimate or submit a claim directly on our website. After you have submitted a claim, Bowtie will assign a claims specialist to assist you throughout the claims process and follow up with you. If you have any questions about your claims, you can also call our customer service hotline at 3008 8123 or email us at firstname.lastname@example.org
Just like traditional insurance companies, you can contact us through our customer service centre, hotline, email, WhatsApp, or Live Chat for assistance with applications, claims estimates or claims submissions.
You can call our customer service hotline or WhatsApp us at 3008 8123 anytime or email us at email@example.com. We value your feedback and will follow up as soon as possible. If necessary, you can book an appointment to visit the customer service centre where our dedicated service team will serve you.
It’s completely up to you which insurer you wish to submit a claim to first. If you need to submit a claim to more than one insurer, you will need to include the claims details provided by the first insurance company along with the required documents in your claims submission to the second insurer, as well as the true copy or certified copy of the medical bills.
If the insured person is 66 years old or more, a body check is needed.
The insured person whose age is between 66 and 80 must go to designated clinics to complete the following health assessments for underwriting, after applying for Bowtie Pink. You’ll be charged only if you want to get a medical report.
No, there is no medical network for the Bowtie Pink VHIS Plan, which means you can go to any hospital for treatments and claim eligible medical expenses with Bowtie Pink. Adjustments on the benefit payable may apply to hospitals in the US or hospitals that are not in the List of Designated Hospitals in Mainland China.
Yes, Bowtie currently allows each insured person to have:
This Plan aims to provide coverage to Insured Persons who reside in Hong Kong, therefore the coverage shall remain effective if the Insured Persons go out of town for business or travel temporarily.
If the Insured Persons plan to permanently reside overseas, we started accepting change of residency requests without policy termination to all Bowtie individual insurance plans (including VHIS, Term Life, Term Critical illness, Touchwood Protector and Cancer Fighter) in any countries/ regions (except for those subject to sanction restrictions). Generally speaking, depending on where you relocate to, an extra loading might be applied to reflect the higher risks of the relocated countries as fairness to other policyholders in the insurance pool. We encourage customers to contact us if they want to understand how this works.
For any enquiries, please contact our customer service team at 3008-8123.
If there is an unavailability of accommodation at the designated ward class due to ward or room shortage for Emergency Treatment, isolation reasons requiring Confinement in a higher ward class, or for any other reasons not involving the Policyholder’s and/or the Insured Person’s personal preference, Bowtie would not make adjustments on such payable benefits.
Whether you have claimed from other insurance policies or not, the deductible of the Bowtie Pink VHIS Plan will be calculated from the original medical bill amount. In other words, you can use the reimbursed amount from other insurance policies to pay for the deductible of the Bowtie Pink VHIS Plan.
No, each VHIS Standard, Flexi, or Pink Plan can only have one policyholder and one insured person. However, policyholders can apply for their eligible family members.
Eligible family members refer to the policyholder's spouse, children, parents, siblings, grandparents, or spouse's siblings, parents and grandparents.
No. Although the coverage of the Bowtie Pink VHIS Plan does not include the US and Mainland China hospitals not on the List of Designated Hospitals in Mainland China, in this case, we will provide a claim amount not lower than that of the VHIS standard plan for eligible medical expenses because this product is a certified plan under VHIS.
If the insured person is confined in a room of class higher than the designated ward class specified in the Benefit Schedule for any medical services, payable benefits in relation to such days of confinement would be subject to adjustment factors, depending on the ward class in which the insured person is hospitalised in.
Bowtie Pink VHIS Plan (Semi-Private Room):
Bowtie Pink VHIS Plan (Private Room):