Standard VHIS Premiums Comparison
As the coverage from all Standard Voluntary Health Insurance Schemes (VHIS) plans on the market are similar, you may choose by comparing premiums directly. To help with your comparison, Bowtie has compiled the premiums of different standard VHIS plans by genders and age groups for your consideration.
For easy reference, the Bowtie Team has put together a premium table of the approved VHIS Standard Plans, categorized by gender and age so you can easily compare the premiums all in one place.
Overview of VHIS
Up till February 14, 2023, there are a total of 32 “Standard Plans” and 54 “Flexi Plans”on the market.
Like traditional medical insurances, the premiums for VHIS are calculated according to people’ ages, smoking habits, health conditions, plus Premium Levy at last.
Chances are, premiums may increase upon renewal as insurance companies may consider factors such as medical inflation, the health status of the risk pool, and the age of the insured.
Comparison of Standard VHIS Premiums for Men (Aged 10 to 60)
Bowtie has collected the annual premiums for all standard VHIS plans from the Health Bureau’s website, and compared them with Bowtie’s own standard VHIS.
After the comparison, we found that Bowtie has a standard VHIS with the lowest premiums for all age groups across all other plans in Hong Kong.Premium difference ranging from HK$677 to HK$2,678.
| Age (Years old) | Bowtie （Marginal increase from July 2022） | Average Annual Premiums （Marginal increase from July 2022） | Premiums Differences |
| 10 | HK$1,020（0%） | HK$1,697（↑ 0.51%） | HK$677 |
| 15 | HK$1,056（0%） | HK$1,691（↑ 0.53%） | HK$635 |
| 20 | HK$1,116（0%） | HK$1,812（↑ 0.52%） | HK$696 |
| 25 | HK$1,296（0%） | HK$1,996 （↑ 0.57%） | HK$700 |
| 30 | HK$1,476（0%） | HK$2,224（↑ 0.55%） | HK$748 |
| 35 | HK$1,752（0%） | HK$2,588（↑ 0.53%） | HK$836 |
| 40 | HK$2,052（0%） | HK$3,006（↑ 0.53%） | HK$954 |
| 45 | HK$2,628（0%） | HK$3,771（↑ 0.52%） | HK$1,143 |
| 50 | HK$3,216（0%） | HK$4,615（↑ 0.54%） | HK$1,399 |
| 55 | HK$4,068（0%） | HK$6,076（↑ 0.54%） | HK$2,008 |
| 60* | HK$5,268（0%） | HK$7,946（↑ 1.44%） | HK$2,678 |
- Note:Renewal till February 14, 2023, the above referenced prices are standard premiums for non-smoking individuals for the standard VHIS at specified age. For accurate quotes and product details, please consult with the respective insurance companies.
- ^Excluding premiums for policy riders.
- *Age of new policyholders.
As you can see from the above table , many plans have increased their premiums over the years. In comparison, Bowtie’s standard VHIS plan is not only the most cost-effective plan in Hong Kong, but also one of the few plans that have not increased their premiums!
Comparison of Standard VHIS Premiums for Women (Aged 10 to 60)
Like the above table we have compared premiums of women aged from 10 to 60 of all plans in Hong Kong.
Women who choose Bowtie’s Standard VHIS enjoy the lowest annual premiums across all age groups, Premium differences ranging from HK$616 to HK$2,730.
| Age (Years old) | Bowtie （Marginal increase from July 2022） | Average Annual Premiums （Marginal increase from July 2022） | Premiums Differences |
| 10 | HK$1,008（0%） | HK$1,673（↑ 0.46%） | HK$673 |
| 15 | HK$1,116 （0%） | HK$1,741（↑ 0.51%） | HK$625 |
| 20 | HK$1,308 （0%） | HK$1,983（↑ 0.55%） | HK$675 |
| 25 | HK$1,548 （0%） | HK$2,335（↑ 0.51%） | HK$787 |
| 30 | HK$1,872 （0%） | HK$2,690（↑ 0.53%） | HK$818 |
| 35 | HK$2,196 （0%） | HK$3,206（↑ 0.49%） | HK$1,010 |
| 40 | HK$2,520 （0%） | HK$3,755（↑ 0.50%） | HK$1,235 |
| 45 | HK$3,132 （0%） | HK$4,777（↑ 3.78%） | HK$1,501 |
| 50 | HK$3,828 （0%） | HK$5,393（↑ 0.51%） | HK$1,565 |
| 55 | HK$4,224 （0%） | HK$6,515（↑ 0.53%） | HK$2,291 |
| 60* | HK$5,064 （0%） | HK$7,400（↓ 5.05%） | HK$2,660 |
- Note:Renewal till February 14, 2023, the above referenced prices are standard premiums for non-smoking individuals for the standard VHIS at specified age. For accurate quotes and product details, please consult with the respective insurance companies.
- ^Excluding premiums for policy riders.
- *Age of new policyholders.
Like the case in men, according to the above table, many plans have increased their premiums over the years. In comparison, Bowtie’s standard VHIS is not only the most cost-effective plan in Hong Kong, but also one of the few plans that have not increased their premiums!
Compare before purchase, save more than HK$34,000
Although the VHIS’s premiums will adjust according to the age of the Insured Person, they will not increase due to their health conditions. This means that even if they develop an illness, the insurance company will not increase the premiums for subsequent years.
Given that the VHIS with the highest premiums in Hong Kong will cost a 30-years-old non-smoking male a total of HK$53,244, insuring with Bowtie’s standard VHIS will only cost him a total premiums of HK$19,200 for the next 10 years for the same annual hospitalization coverage of HK$420,000. The difference in premiums for the same coverage is more than HK$34,000!
Comparing the premiums of different insurance companies may sound overwhelming, but in fact, information like the latest premiums are clearly stated on the official VHIS website of the Health Bureau which you can always easily get accessed to.
- Note:Renewal till February 14, 2023, the above referenced prices are standard premiums for non-smoking individuals for the standard VHIS at specified age. For accurate quotes and product details, please consult with the respective insurance companies.
If you have a limited budget, and still do not hold a personal medical insurance yet, you may consider purchasing with a standard VHIS first.
If you are already protected by other personal medical insurances or group medical insurances,, but still worry about insufficient protection, Bowtie recommends purchasing Bowtie Pink VHIS (High-end medical insurance).
It provides more comprehensive protection and can act as a complementary and non-overlapping health insurance of your existing medical insurances with a highest annual benefit limit of HK$10 million.
For example, a 30-year-old non-smoking man could enjoy premiums as low as HK$257-728#.
Still unsure about how to choose or want to learn about other medical insurance options?
Get a personalized recommendation!
- #The above premiums are for a 30-year-old man purchasing Bowtie Pink with different deductibles as an example.
