Online application and underwriting greatly reduces our operating costs so the savings are passed on to our customers. A family of three can save up to 40% on premiums.
VHIS Standard Plans premiums comparison Based on information from the Food and Health Bureau as of December 2, 2020. For reference only.
Tax Deduction Benefits
Annual tax deductions2
VHIS premiums are eligible for tax deduction. According to this example, if a family of three purchases Bowtie VHIS Standard Plan, they can save HK$729 in taxes in one year.
Monthly premiums shown in the chart are based on non-smokers of the listed ages and gender who are insured with Bowtie VHIS Standard Plan.
No lifetime benefit limit
Standardized premium terms. Benefit limit resets every year.
VHIS is certified by the Food and Health Bureau. Premium terms are transparent and the prices are easily comparable on the Food and Health Bureau website. Bowtie VHIS Standard and Flexi Plans cover up to HK$420k and HK$1 million respectively per year. Don’t need to worry even if you use up the benefits this year, because the limit will reset the next year and there is no lifetime benefit limit.3
Save 50% on outpatient consultation fees
Earn BowtieCash upon successful purchase4
$1 BowtieCash = HK$1 eligible medical cost payment The more you earn, the less you pay.
All VHIS Standard Plans have a 30% co-pay policy for Diagnostic Imaging Tests (e.g. CT, MRI, PET) which means it covers only up to 70% of the costs.
A chest CT scan at Baptist hospital costs HK$6,270 and the highest claim amount covered by VHIS Standard Plan is HK$4,389. If you use BowtieCash to pay for remaining 30%, you don’t even need to pay a dollar!
Claim Ratio: Other VHIS Standard Plans ^
Bowtie VHIS Standard Plan + BowtieCash
*Medical costs in this case study are based on the fees listed for Baptist Hospital (as of July 2019) and are for reference only. For claims estimates, contact our teams. ^Claims ratio in this case are based on information on VHIS Standard Plans from the Food and Health Bureau and is for reference only.
Apply to Bowtie VHIS Plans for yourself or eligible family members
Mr. Chan successfully applied for Bowtie VHIS using promo code FAMILY35 and enjoys the first-year premium discount.
All applications must use the same promo code FAMILY35 and have the same policyholder
Mr. Chan successfully applied for Bowtie VHIS for his daughter using the same promo code and his daughter can also enjoys the first-year premium discount.
Successful application of 2 or more Bowtie VHIS policies
Both Mr. Chan and his daughter's policies earn $1,000 BowtieCash each, a total of $2,000 BowtieCash.
Offer is subject to terms and conditions. Eligible family members: the insured person in the application must be the insured person him or herself, his or her spouse and children, or the parents, grandparents or siblings.
BowtieCash can be used to pay for any eligible medical costs within VHIS coverage such as hospital and surgery fees.
Customers should choose insurance products according to their personal or actual needs.
Remarks: 1. Bowtie VHIS Standard monthly premium $377 is based on a family of three with a 30-year-old non-smoking female and male and 2-year-old daughter. 2. In the 2019/20 tax year, the standard tax rate is 15% and the marginal tax rate is 2%, 6%, 10%, 14% and 17%. Source: Food and Health Bureau (as of March 4, 2021). Assuming the policyholder is a taxpayer. The above content is for reference only. If you need any tax advice, please consult your tax advisor. You can also browse the Food and Health Bureau website for more information on tax deductions. 3. The above is for reference only. For detailed product terms and conditions, please refer to the policy. 4. BowtieCash allows you to pay for eligible medical costs that exceed Bowtie VHIS Plans coverage and is subject to terms and conditions. For details, please refer to the campaign rules of the BowtieCash Program. 5. According to the premium information published on the Food and Health Bureau website as of 20 Mar, 2022, the premium of Bowtie VHIS Standard plan is the lowest among all VHIS Standard plans in the market for non-smokers with ages from 0 to 80 . 6. The reimbursement rates provided are as of Nov 2022 and are for reference only. Actual reimbursement rates may vary depending on the severity of the case, required treatment, and actual medical expenses. 7. Calculated based on the standard premium of 30-year-old non-smoking male insured with Bowtie VHIS - Standard Plan, Bowtie VHIS Flexi Regular and Bowtie Pink (ward) and the deductible option HK$80,000. ^Bowtie Pink VHIS fully covers eligible medical expenses for specified benefits and is subject to annual benefit limits, lifetime benefit limits, specified ward level and territorial scope of cover. Some services may be reimbursed up to the benefit limits