#ActuaryCommentary A plan with deductibles to save on premium, designed for peace-of-mind seekers who currently have medical insurance for Ward rooms but still want to enhance their coverage.
#ActuaryCommentary A plan with deductibles to save on premium, designed for peace-of-mind seekers who currently have medical insurance for Semi-private rooms but still want to enhance their coverage.
* The above premium is based on a 30-year-old non-smoker. The default deductible option chosen for Bowtie Pink is HK$80,000. 1 As of November 2022, the reimbursement ratio of Bowtie VHIS Flexi Regular is 90%. 2 The Bowtie Pink Voluntary Health Insurance series fully covers eligible medical expenses such as diagnosis, hospitalisation, surgery, and prescribed non-surgical cancer treatments (except in the United States), and subject to annual benefit limits and lifetime benefit limits. If the claim involves a Mainland China Hospital unlisted in / a High-end Mainland China Hospital listed in the "List of Designated Hospitals in Mainland China" or confinement in a room higher than the designated ward class or a pre-existing condition, the relevant benefit payable may be adjusted. For details, please refer to Section 1(b), 1(c) of the Supplement No. 1 and Section 6.4 of the Terms and Conditions.
Comparison table
Tooltips are given by actuaries, doctors, and claims specialists
When medical expenses exceed the sub-limits, SMM can help cover the exceeding amount.
$120,000/year
Subject to 20% Coinsurance; only applicable for benefit items with the symbol
$220,000/year
Subject to 20% Coinsurance; only applicable for benefit items with the symbol
N/A
This plan provides full coverage for most items so there's no need for SMM.
Benefits items with full coverage
Deductible
It's the out-of-pocket payment that you need to pay first when making a claim. Your plan will cover the rest and is subject to benefit limits.
Deductible options: $0/ $20,000/ $50,000/ $80,000 per year
Basic coverage
This includes general medical expenses such as diagnosis, hospitalisation, surgery or other treatments if you are admitted to the hospital.
Room and board
$750/day
Max. 180 days
$1,200/day
$2,300/day
#BowtieActuarialExperts
The increased coverage amount allows you to choose between a semi-private ward with a higher level of privacy or the service of a standard ward with higher rates.
The Standard Plan coverage of $20,000 is sufficient for only one prescribed diagnostic imaging test, e.g. 1 “PET” (Positron Emission Tomography) scan at a cost of up to $18,000. We consider two prescribed diagnostic imaging tests per year to be a reasonable frequency and use this number as the basis for the estimation of the Flexi Plan (Regular) coverage.
We estimate the amount of coverage under the Flexi Plan (Plus) based on cancer cases. According to the survey, the average cost of each prescribed diagnostic imaging test is $14,000. With a 30% deductible, the coverage amount can cover 4 tests per year.
The coverage is designed for cancer cases. It may not fully cover all treatment expenses, but it can greatly reduce the financial burden of patients.
Full coverage
Pre- and post-confinement / Day case procedure outpatient care(2)
$580/visit
$3,000/year; 1 time before and 3 times after(4)
$900/visit
$3,000/year; 2 time before and 3 times after(5)
$1,300/visit
$6,400/year; 2 time before and 3 times after(5)
Full coverage
2 time before and 3 times after(4)
Psychiatric treatments (2)
$30,000/year
$37,500/year
#BowtieActuarialExperts
The coverage amount is aligned to the market.
Full coverage
Additional coverage(6)
Benefit items that are involved after discharge from hospital, during rehabilitative care, or other special situations.
Accident emergency outpatient treatments
$8,000/year
#BowtieActuarialExperts
We estimate that the cost of each emergency treatment (e.g. stitches, x-rays, and casts) is around $3,000-$4,000. Referring to thousands of claim statistics over a 5-year period, only less than 0.1% of the insured had more than 1 accident claim within one year. We take 2 annual outpatient visits for accidents as the basis of estimation. The insured need not worry about a complete loss of coverage in case of only 1 accident.
Full coverage
Outpatient kidney dialysis(2)
$50,000/year
#BowtieMedicalExperts
Acute renal failure is common among elderly patients. The coverage is sufficient to pay for the dialysis treatment 3 times a week for a period of 1 month.
$100,000/year
#BowtieActuarialExperts
The coverage amount is aligned to the market.
Full coverage
Post-confinement / Day case procedure daily home nursing(2)
$500/day
within 180 days after discharge from hospital
#BowtieActuarialExperts
The daily care services limit up to 180 days after discharge is the longest in the market.
$800/day
within 180 days after discharge from hospital
#BowtieActuarialExperts
The coverage amount generally can cover 8 hours of private duty nursing (enrolled nurse) services. The daily care services limit up to 180 days after discharge is the longest in the market.
$1,300/day
within 180 days after discharge from hospital or completion of day case procedure
#BowtieActuarialExperts
The coverage amount generally can cover 16 hours of private duty nursing (enrolled nurse) services. The daily care services limit up to 180 days after discharge is the longest in the market.
$1,600/day
within 180 days after discharge from hospital or completion of day case procedure
#BowtieActuarialExperts
The coverage amount generally can cover 16 hours of private duty nursing (enrolled nurse) services. The daily care services limit up to 180 days after discharge is the longest in the market.
$2,000/day
within 180 days after discharge from hospital or completion of day case procedure
#BowtieActuarialExperts
The coverage amount generally can cover 20 hours of private duty nursing (enrolled nurse) services. The daily care services limit up to 180 days after discharge is the longest in the market.
Rehabilitative care(2)
$750/day
$10,000/year, within 90 days after discharge from hospital
$1,500/day
$20,000/year, within 90 days after discharge from hospital
$2,200/day
$30,000/year, within 90 days after discharge from hospital
$2,500/day
$34,000/year, within 90 days after discharge from hospital
$3,000/day
$40,000/year, within 90 days after discharge from hospital
Hospital companion bed
$350/day
#BowtieActuarialExperts
According to our survey, the cost of a standard ward with a companion bed in a private hospital in Hong Kong ranges from $180 to $380 per night, and the cost of one companion bed is already included for some children's ward rentals. The coverage amount is aligned to the market.
$800/day
Full coverage
Hospice and palliative care benefit(2)
$20,000/year
$40,000/year
$100,000/year
$120,000/year
Others(6)
Day case procedure cash benefit
$800/surgery
#BowtieActuarialExperts
The coverage amount is aligned to the market.
$1,300/surgery
Special bonus
$400/day
Max. 90 days per year
#BowtieActuarialExperts
The coverage amount is aligned to the market.
$600/day
Max. 90 days per year
Medical negligence benefit
$1,000,000
#BowtieActuarialExperts
In the event of the insured's death due to medical negligence, this protection will provide financial support to his/ her family.
Total and permanent incapacity income benefit(2)
$500/week
payable for 52 weeks
$800/week
payable for 52 weeks
More product information
Name of VHIS certified plan
Bowtie VHIS Standard Plan
Bowtie VHIS Flexi Plan
Bowtie Pink VHIS Plan
Type of VHIS certified plan
Standard Plan
VHIS Flexi
Plan options
—
Flexi Regular
Flexi Plus
Ward Room
Semi-Private Room
Private Room
VHIS certification number
(For new applications only)
S00023-01-000-03
(Not applicable for new applications)
S00023-01-000-02
S00023-01-000-01
(For new applications only)
F00031-01-000-05
(Not applicable for new applications)
F00031-01-000-04
F00031-01-000-03
F00031-01-000-02
F00031-01-000-01
(For new applications only)
F00031-02-000-05
(Not applicable for new applications)
F00031-02-000-04
F00031-02-000-03
F00031-02-000-02
F00031-02-000-01
(For new applications only)
F00060-09-000-01
F00060-10-000-01
F00060-11-000-01
F00060-12-000-01
(For new applications only)
F00060-01-000-04
F00060-02-000-04
F00060-03-000-04
F00060-04-000-04
(Not applicable for new applications)
F00060-01-000-03
F00060-02-000-03
F00060-03-000-03
F00060-04-000-03
F00060-01-000-02
F00060-02-000-02
F00060-03-000-02
F00060-04-000-02
F00060-01-000-01
F00060-02-000-01
F00060-03-000-01
F00060-04-000-01
(For new applications only)
F00060-05-000-04
F00060-06-000-04
F00060-07-000-04
F00060-08-000-04
(Not applicable for new applications)
F00060-05-000-03
F00060-06-000-03
F00060-07-000-03
F00060-08-000-03
F00060-05-000-02
F00060-06-000-02
F00060-07-000-02
F00060-08-000-02
F00060-05-000-01
F00060-06-000-01
F00060-07-000-01
F00060-08-000-01
VHIS provider registration no.
00023
Registration effective date
21 March 2019
Issue age
From 15 days to age 80
The age of last birthday
Policy currency
HKD
Territorial scope of cover
Worldwide
Psychiatric treatments, rehabilitative care, medical negligence benefit are applicable to Hong Kong only
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Notes： (1) Eligible Expenses incurred in respect of the same item shall not be recoverable under more than one benefit item in the table above, unless otherwise specified. (2) The Company shall have the right to ask for proof of recommendation e.g. written referral or testifying statement on the claim form by the attending doctor or Registered Medical Practitioner. (3) The percentage here applies to the Surgeon's fee actually payable or the benefit limit for the Surgeon's fee according to the surgical categorisation, whichever is the lower. (4) 1 prior outpatient visit or Emergency consultation per Confinement/Day Case Procedure; 3 follow-up outpatient visits per Confinement/Day Case Procedure (within 90 days after discharge from Hospital or completion of Day Case Procedure) (5) 2 prior outpatient visit or Emergency consultation per Confinement/Day Case Procedure; 3 follow-up outpatient visits per Confinement/Day Case Procedure (within 90 days after discharge from Hospital or completion of Day Case Procedure) (6) Please refer to Supplement No.1 for details.
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