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Kids VHIS Premium Comparison

Looking for a VHIS for your child? Price must be something you care about. Bowtie integrated the 2023 VHIS premiums data to help you choose the best plan to purchase!

Updated on 2023-05-19

VHIS Standard Plans on the market offer similar protection. You can simply compare the premium to decide which plan to choose.

Premiums for boys/ Primary School Student

Bowtie lowered its VHIS “Standard Plan” premium few years ago, making it the most affordable plan in Hong Kong!

According to the Health Bureau’s VHIS website, the “Standard Plan” premium for boys aged 6 to 12 ranges from HK$1,020 to HK$3,240.

Bowtie charges 2 times cheaper than the most expensive plan, with a yearly difference of over HK$2,000 for a 6 year old boy.

The Cheapest VS the Most Expensive Plan

Ages	Bowtie	The most expensive VHIS	Difference
6	HK$1,236	HK$3,240	HK$2,004
7	HK$1,128	HK$2,916	HK$1,788
8	HK$1,068	HK$2,916	HK$1,848
9	HK$1,032	HK$2,916	HK$1,884
10	HK$1,020	HK$2,916	HK$1,896
11	HK$1,020	HK$2,916	HK$1,896
12	HK$1,020	HK$2,916	HK$1,896

Saving HK$2,000 allows you to buy an extra VHIS for a 6-year-old boy!

Market Overview (Cheapest VS the Average)

Additionally, we have compared Bowtie VHIS standard with the average premium of all other standard VHIS available in the market.

For an 8-year-old boy, the annual premium difference reaches HK$720.

Ages	Bowtie	Average annual premium of all plans on the market^	Difference
6	HK$1,236	HK$1,893	HK$657
7	HK$1,128	HK$1,829	HK$701
8	HK$1,068	HK$1,792	HK$724
9	HK$1,032	HK$1,758	HK$726
10	HK$1,020	HK$1,697	HK$677
11	HK$1,020	HK$1,685	HK$665
12	HK$1,020	HK$1,679	HK$659

Although HK$720 is not a large amount, it is still a more cost-effective way to buy a cheaper insurance plan with similar protection!

Premiums for girls/ Primary School Student

For girls aged 6 – 12, Bowtie VHIS Standard remains to be the most affordable option!

According to the Health Bureau’s VHIS website, the “Standard Plan” premium for girls aged 6 to 12 ranges from HK$1,008 to HK$3,240. Bowtie charges nearly 3 times less than the most expensive plan, with a yearly difference of over HK$2,000 for a 6 year old girl.

Saving HK$2,000 premium could almost buy 2 additional VHIS from Bowtie for a 6-year-old girl!

Cheapest VS Most Expensive Plan Premiums

Ages	Bowtie	The most expensive VHIS	Difference
6	HK$1,116	HK$3,240	HK$2,124
7	HK$1,068	HK$2,916	HK$1,848
8	HK$1,032	HK$2,916	HK$1,884
9	HK$1,008	HK$2,916	HK$1,908
10	HK$1,008	HK$2,916	HK$1,908
11	HK$1,020	HK$2,916	HK$1,896
12	HK$1,056	HK$2,916	HK$1,860

Market Overview (Cheapest VS the Average)

Similarly, we compare the premium of Bowtie VHIS Standard with the average annual premium for all VHIS on the market, and realised Bowtie charges around 1.5 times lower than the market average.

The difference in premium for 6-12 years old is HK$600.

Ages	Bowtie	Average annual premium of all plans on the market^	Difference
6	HK$1,116	HK$1,798	HK$682
7	HK$1,068	HK$1,753	HK$685
8	HK$1,032	HK$1,727	HK$695
9	HK$1,008	HK$1,707	HK$699
10	HK$1,008	HK$1,681	HK$673
11	HK$1,020	HK$1,676	HK$656
12	HK$1,056	HK$1,685	HK$629

Although HK$600 may not be a significant amount, it is still a more cost-effective way to buy a cheaper insurance plan with similar protection!

Note: The above prices are for VHIS "Standard Plan" of non-smoking insured for the respective age, updated as of Feb 14, 2023. For accurate quotes and product details, please consult each insurance company.
^Do not include the premium of the additional agreement.

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⚡Bowtie VHIS Blog Promo！

Tired of sky-high private hospital bills but hesitant about purchasing VHIS? Bowtie Pink provides full coverage*, with long-term premiums are substantially lower than market rates^.

For a limited time, use the exclusive Bowtie Blog promo code 【BLOGDECINSURE】to get 50% off the first year’s premium and secure top-tier health protection at an unbeatable price!

^{*Full coverage shall mean no itemized benefit sub-limits, and applies to designated benefit items only. The benefit payable shall be subject to the remaining deductible (if applicable), annual benefit limit, lifetime benefit limit and other limitations such as reasonable and customary charges, a pre-existing condition, “List of Designated Hospitals in Mainland China” and receiving medical treatment in the United States. For detailed terms and conditions, product risks, and exclusions, please refer to the relevant product website and policy.}
^{^For example, with Bowtie Pink (Ward) and the deductible option HK$80,000, the monthly premium for a 30-year-old non-smoker is HK$186. The premium comparison above is based on similar medical insurance plans with the ward level (data source on 27, July 2023), HK$50,000 to HK$80,000 deductibles, for a 30-year-old non-smoker. Different medical insurance plans have different coverage and benefit limits. For details, please refer to the relevant insurance policy and its terms and conditions.}

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Author

Bowtie Team

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.

Stay up to date at www.bowtie.com.hk

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.