By comparing the cancer insurance premiums of three major insurance companies in Hong Kong, the following chart shows the monthly premiums required for insured individuals of different ages and the average monthly premiums calculated by the three insurance companies. This is for reference only:
Non-smoking male
Insurance Comapny | Bowtie | Company A | Company X | CompanyP | Market Average* |
Plan | Cancer Figher 300 | Plan A | Plan X | Plan P |
Suggested Ward | Semi-Private Room |
Lifetime Benefit Limit | 3,000,000 |
Age | Monthly Premium (HKD) |
20 | 40 ✅ | 53 | 61 | 54 | 56 |
30 | 57 ✅ | 82 | 86 | 81 | 83 |
40 | 121 ✅ | 125 | 126 | 124 | 125 |
50 | 216 ✅ | 264 | 259 | 265 | 263 |
60 | 574 ✅ | 652 | 610 | 642 | 635 |
Source | Bowtie | Seasonalife | Seasonalife | Company P | N/A |
Non-smoking Female
Insurance Comapny | Bowtie | Company A | Company X | CompanyP | Market Average* |
Plan | Cancer Figher 300 | Plan A | Plan X | Plan P |
Suggested Ward | Semi-Private Room |
Lifetime Benefit Limit | 3,000,000 |
Age | Monthly Premium (HKD) |
20 | 49 ✅ | 65 | 70 | 63 | 66 |
30 | 94 ✅ | 117 | 115 | 112 | 115 |
40 | 263 | 262 | 250 ✅ | 254 | 255 |
50 | 408 ✅ | 466 | 450 | 467 | 461 |
60 | 605 | 630 | 590 ✅ | 619 | 613 |
Source | Bowtie | Seasonalife | Seasonalife | Company P | N/A |
Author
The Bowtie Life Insurance Company Limited is an authorized life insurance company and Hong Kong’s very first virtual insurer approved. Through the use of modern technology and medical expertise, Bowtie offers an agent-free, commission-free and more convenient online platform for customers to quote, apply and claim for Voluntary Health Insurance Scheme (VHIS) anytime anywhere. Bowtie is ranked first in the direct channel sales throughout 2021.
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