Comparison of Pure Critical Illness Insurance Premiums

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Comparison of Pure Critical Illness Insurance Premiums

Hong Kong people have always valued cost-effectiveness, from ordering takeout to buying insurance, they are accustomed to collecting several options and comparing them one by one. If you are planning to buy pure critical illness insurance, Bowtie has compared the premiums of four insurance companies in Hong Kong that offer online insurance, covering age groups from 18 to 60 years old, and further dividing the products into single compensation and multiple compensation by their natures.

Updated on 2023-06-29

Comparison of Premiums for Pure Critical Illness Insurance with Single Compensation

Males aged 18 to 30

	Bowtie	Insurance Company A	Insurance Company B	Insurance Company C
18	HK$50	HK$46💰	HK$68	HK$78💰💰💰
19	HK$52	HK$49💰	HK$71	HK$83💰💰💰
20	HK$54	HK$52💰	HK$73	HK$86💰💰💰
21	HK$57	HK$56💰	HK$75	HK$91💰💰💰
22	HK$59💰	HK$59💰	HK$76	HK$97💰💰💰
23	HK$62💰	HK$63	HK$78	HK$103💰💰💰
24	HK$65💰	HK$68	HK$81	HK$110💰💰💰
25	HK$68💰	HK$75	HK$86	HK$117💰💰💰
26	HK$72💰	HK$86	HK$90	HK$126💰💰💰
27	HK$76💰	HK$93	HK$95	HK$136💰💰💰
28	HK$82💰	HK$102	HK$101	HK$147💰💰💰
29	HK$87💰	HK$110	HK$107	HK$159💰💰💰
30	HK$91💰	HK$124	HK$114	HK$172💰💰💰

*Assuming the policyholder is a non-smoker and the critical illness coverage is HK$1 million.

^The ones marked with 💰 are the cheapest, and the ones marked with 💰💰💰 are the most expensive.

Females aged 18 to 30

	Bowtie	Insurance Company A	Insurance Company B	Insurance Company C
18	HK$59💰	HK$92💰💰💰	HK$71	HK$78
19	HK$63💰	HK$98💰💰💰	HK$75	HK$83
20	HK$66💰	HK$104💰💰💰	HK$79	HK$86
21	HK$69💰	HK$108💰💰💰	HK$83	HK$91
22	HK$71💰	HK$114💰💰💰	HK$89	HK$97
23	HK$76💰	HK$123💰💰💰	HK$98	HK$103
24	HK$81💰	HK$133💰💰💰	HK$107	HK$110
25	HK$86💰	HK$136💰💰💰	HK$117	HK$117
26	HK$93💰	HK$141💰💰💰	HK$129	HK$126
27	HK$102💰	HK$153💰💰💰	HK$142	HK$136
28	HK$111💰	HK$166💰💰💰	HK$153	HK$147
29	HK$120💰	HK$180💰💰💰	HK$167	HK$159
30	HK$132💰	HK$189💰💰💰	HK$182	HK$172

*Assuming the policyholder is a non-smoker and the critical illness coverage is HK$1 million.

^The ones marked with 💰 are the cheapest, and the ones marked with 💰💰💰 are the most expensive.

Males aged 31 to 40

	Bowtie	Insurance Company A	Insurance Company B	Insurance Company C
31	HK$101💰	HK$132	HK$122	HK$187💰💰💰
32	HK$110💰	HK$141	HK$132	HK$203💰💰💰
33	HK$122💰	HK$153	HK$142	HK$221💰💰💰
34	HK$133💰	HK$165	HK$153	HK$239💰💰💰
35	HK$144💰	HK$177	HK$165	HK$255💰💰💰
36	HK$155💰	HK$191	HK$177	HK$278💰💰💰
37	HK$167💰	HK$207	HK$190	HK$303💰💰💰
38	HK$180💰	HK$227	HK$206	HK$330💰💰💰
39	HK$194💰	HK$249	HK$223	HK$362💰💰💰
40	HK$207💰	HK$273	HK$243	HK$398💰💰💰

*Assuming the policyholder is a non-smoker and the critical illness coverage is HK$1 million.

^The ones marked with 💰 are the cheapest, and the ones marked with 💰💰💰 are the most expensive.

Females aged 31 to 40

	Bowtie	Insurance Company A	Insurance Company B	Insurance Company C
31	HK$152💰	HK$206💰💰💰	HK$198	HK$187
32	HK$172💰	HK$224💰💰💰	HK$216	HK$203
33	HK$197💰	HK$247💰💰💰	HK$237	HK$221
34	HK$223💰	HK$272💰💰💰	HK$259	HK$239
35	HK$250💰	HK$299💰💰💰	HK$283	HK$255
36	HK$276💰	HK$325💰💰💰	HK$309	HK$278
37	HK$303💰	HK$353💰💰💰	HK$337	HK$303💰
38	HK$338	HK$391💰💰💰	HK$369	HK$330💰
39	HK$373	HK$430💰💰💰	HK$400	HK$362💰
40	HK$413	HK$473💰💰💰	HK$429	HK$398💰

*Assuming the policyholder is a non-smoker and the critical illness coverage is HK$1 million.

^The ones marked with 💰 are the cheapest, and the ones marked with 💰💰💰 are the most expensive.

Males aged 41 to 50

	Bowtie	Insurance Company A	Insurance Company B	Insurance Company C
41	HK$231💰	HK$283	HK$266	HK$439💰💰💰
42	HK$255💰	HK$306	HK$295	HK$486💰💰💰
43	HK$291💰	HK$347	HK$325	HK$539💰💰💰
44	HK$328💰	HK$388	HK$359	HK$598💰💰💰
45	HK$367💰	HK$433	HK$394	HK$665💰💰💰
46	HK$405💰	HK$438	HK$434	HK$742💰💰💰
47	HK$442💰	HK$483	HK$476	HK$829💰💰💰
48	HK$483💰	HK$533	HK$522	HK$925💰💰💰
49	HK$524💰	HK$585	HK$570	HK$1,034💰💰💰
50	HK$565💰	HK$639	／	HK$1,148💰💰💰

*Assuming the policyholder is a non-smoker and the critical illness coverage is HK$1 million.

^The ones marked with 💰 are the cheapest, and the ones marked with 💰💰💰 are the most expensive.

Females aged 41 to 50

	Bowtie	Insurance Company A	Insurance Company B	Insurance Company C
41	HK$451	HK$541💰💰💰	HK$456	HK$456
42	HK$489	HK$590💰💰💰	HK$485	HK$486💰
43	HK$519	HK$629💰💰💰	HK$509💰	HK$539
44	HK$548	HK$670💰💰💰	HK$535💰	HK$598
45	HK$596	HK$730💰💰💰	HK$563💰	HK$665
46	HK$626	HK$841💰💰💰	HK$590💰	HK$742
47	HK$656	HK$878💰💰💰	HK$620💰	HK$829
48	HK$693	HK$918	HK$653💰	HK$925💰💰💰
49	HK$730	HK$957	HK$682💰	HK$1,034💰💰💰
50	HK$768	HK$995	/	HK$1,148💰💰💰

*Assuming the policyholder is a non-smoker and the critical illness coverage is HK$1 million.

^The ones marked with 💰 are the cheapest, and the ones marked with 💰💰💰 are the most expensive.

Males aged 51 to 60

	Bowtie	Insurance Company A	Insurance Company B	Insurance Company C
51	HK$620💰	HK$694	/	HK$1,222💰💰💰
52	HK$674💰	HK$750	/	HK$1,297💰💰💰
53	HK$731💰	HK$812	/	HK$1,375💰💰💰
54	HK$788💰	HK$876	/	HK$1,459💰💰💰
55	HK$860💰	HK$958	/	HK$1,547💰💰💰
56	HK$921💰	HK$1,028	/	HK$1,642💰💰💰
57	HK$981💰	HK$1,101	/	HK$1,742💰💰💰
58	HK$1,078💰	HK$1,217	/	HK$1,851💰💰💰
59	HK$1,174💰	HK$1,336	/	HK$1,966💰💰💰
60	HK$1,262💰	HK$1,450	/	HK$2,090💰💰💰

*Assuming the policyholder is a non-smoker and the critical illness coverage is HK$1 million.

^The ones marked with 💰 are the cheapest, and the ones marked with 💰💰💰 are the most expensive.

Females aged 51 to 60

	Bowtie	Insurance Company A	Insurance Company B	Insurance Company C
51	HK$805💰	HK$1,029	/	HK$1,222💰💰💰
52	HK$841💰	HK$1,061	/	HK$1,297💰💰💰
53	HK$869💰	HK$1,083	/	HK$1,375💰💰💰
54	HK$896💰	HK$1,105	/	HK$1,459💰💰💰
55	HK$925💰	HK$1,128	/	HK$1,547💰💰💰
56	HK$956💰	HK$1,152	/	HK$1,642💰💰💰
57	HK$991💰	HK$1,177	/	HK$1,742💰💰💰
58	HK$1,031💰	HK$1,213	/	HK$1,851💰💰💰
59	HK$1,070💰	HK$1,252	/	HK$1,966💰💰💰
60	HK$1,096💰	HK$1,259	/	HK$2,090💰💰💰

*Assuming the policyholder is a non-smoker and the critical illness coverage is HK$1 million.

^The ones marked with 💰 are the cheapest, and the ones marked with 💰💰💰 are the most expensive.

Comparison of Premiums for Pure Critical Illness Insurance with Multiple Compensation

Males aged 18 to 30

	Bowtie	Insurance Company A
18	HK$65💰	HK$65💰
19	HK$68💰	HK$71
20	HK$71💰	HK$77
21	HK$74💰	HK$84
22	HK$77💰	HK$91
23	HK$81💰	HK$98
24	HK$85💰	HK$105
25	HK$88💰	HK$117
26	HK$93💰	HK$133
27	HK$99💰	HK$142
28	HK$106💰	HK$153
29	HK$112💰	HK$163
30	HK$118💰	HK$182

*Assuming the policyholder is a non-smoker and the critical illness coverage is HK$1 million.

^The ones marked with 💰 are the cheapest.

Females aged 18 to 30

	Bowtie	Insurance Company A
18	HK$73💰	HK$134
19	HK$76💰	HK$144
20	HK$80💰	HK$155
21	HK$83💰	HK$166
22	HK$86💰	HK$178
23	HK$92💰	HK$190
24	HK$98💰	HK$204
25	HK$104💰	HK$209
26	HK$113💰	HK$214
27	HK$123💰	HK$230
28	HK$134💰	HK$248
29	HK$146💰	HK$269
30	HK$160💰	HK$280

*Assuming the policyholder is a non-smoker and the critical illness coverage is HK$1 million.

^The ones marked with 💰 are the cheapest.

Males aged 31 to 40

	Bowtie	Insurance Company A
31	HK$131💰	HK$193
32	HK$143💰	HK$204
33	HK$158💰	HK$218
34	HK$173💰	HK$233
35	HK$187💰	HK$251
36	HK$202💰	HK$272
37	HK$217💰	HK$298
38	HK$234💰	HK$327
39	HK$252💰	HK$361
40	HK$269💰	HK$401

*Assuming the policyholder is a non-smoker and the critical illness coverage is HK$1 million.

^The ones marked with 💰 are the cheapest.

Females aged 31 to 40

	Bowtie	Insurance Company A
31	HK$184💰	HK$309
32	HK$208💰	HK$341
33	HK$239💰	HK$375
34	HK$270💰	HK$414
35	HK$303💰	HK$455
36	HK$334💰	HK$499
37	HK$366💰	HK$546
38	HK$409💰	HK$596
39	HK$452💰	HK$648
40	HK$499💰	HK$703

*Assuming the policyholder is a non-smoker and the critical illness coverage is HK$1 million.

^The ones marked with 💰 are the cheapest.

Males aged 41 to 50

	Bowtie	Insurance Company A
41	HK$300💰	HK$425
42	HK$331💰	HK$469
43	HK$379💰	HK$519
44	HK$426💰	HK$574
45	HK$477💰	HK$632
46	HK$526💰	HK$638
47	HK$575💰	HK$706
48	HK$628💰	HK$779
49	HK$681💰	HK$856
50	HK$734💰	HK$939

*Assuming the policyholder is a non-smoker and the critical illness coverage is HK$1 million.

^The ones marked with 💰 are the cheapest.

Females aged 41 to 50

	Bowtie	Insurance Company A
41	HK$546💰	HK$800
42	HK$592💰	HK$869
43	HK$627💰	HK$940
44	HK$663💰	HK$1,012
45	HK$721💰	HK$1,084
46	HK$758💰	HK$1,259
47	HK$794💰	HK$1,322
48	HK$839💰	HK$1,380
49	HK$883💰	HK$1,432
50	HK$929💰	HK$1,477

*Assuming the policyholder is a non-smoker and the critical illness coverage is HK$1 million.

^The ones marked with 💰 are the cheapest.

Males aged 51 to 60

	Bowtie	Insurance Company A
51	HK$806💰	HK$1,027
52	HK$877💰	HK$1,120
53	HK$951💰	HK$1,219
54	HK$1,025💰	HK$1,325
55	HK$1,118💰	HK$1,438
56	HK$1,197💰	／*
57	HK$1,276💰	／*
58	HK$1,401💰	／*
59	HK$1,526💰	／*
60	HK$1,641💰	／*

*Insurance Company A requires that the insured party must reduce their coverage amount to HK$500,000 starting from age 56.

^Assuming the policyholder is a non-smoker and the critical illness coverage is HK$1 million.

#The ones marked with 💰 are the cheapest.

Females aged 51 to 60

	Bowtie	Insurance Company A
51	HK$974💰	HK$1,515
52	HK$1,081💰	HK$1,547
53	HK$1,052💰	HK$1,576
54	HK$1,085💰	HK$1,603
55	HK$1,119💰	HK$1,631
56	HK$1,157💰	／*
57	HK$1,199💰	／*
58	HK$1,248💰	／*
59	HK$1,295💰	／*
60	HK$1,326💰	／*

*Insurance Company A requires that the insured party must reduce their coverage amount to HK$500,000 starting from age 56.

^Assuming the policyholder is a non-smoker and the critical illness coverage is HK$1 million.

#The ones marked with 💰 are the cheapest.

Factors Affecting Premiums of Critical Illness Insurance

In addition to age, critical illness insurance premiums are also influenced by multiple factors such as coverage amount, scope of coverage, and payment method.

If you are interested in understanding how insurance companies determine premiums, you can click here to read about the seven factors that affect critical illness insurance premiums in detail.

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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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The content of this article is provided by Bowtie Team and serves for reference only. It does not represent Bowtie's position. Bowtie assumes no responsibility for any loss or damage incurred by any person as a result of using, misusing, or relying on any information or content herein. Any content related to Bowtie products in this article is for reference and educational purposes only. Customers should refer to the detailed terms and conditions on the relevant product web pages.

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What are the factors that affect critical illness insurance premiums? Bowtie has summarized the seven main reasons for you!

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