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Retired People VHIS Premium Comparison

When people reach retirement age, the cost of medical insurance premiums generally increases. Want to buy basic coverage at the most affordable price? Bowtie has compiled the "Standard Premium" of VHIS to help you compare easily.

Updated on 2023-05-18

VHIS Standard Plans on the market offer similar protection. You may compare premium directly to decide which plan to choose from.

Premiums for retired men

Bowtie VHIS Standard is the cheapest plan in Hong Kong!

According to the website of the Health Bureau, the VHIS Standard premiums for men aged 61-70 range from HK$5,592 to HK$30,330.

Bowtie charges up to three times cheaper than the most expensive plan, with an annual difference of over HK$21,450 for 70-year-olds insured.

Saving HK$21,450 is not a small amount and can be used to purchase insurance for family members of different ages

The Cheapest VS the Most Expensive Plan

Ages	Bowtie	The most expensive VHIS	Difference
61	HK$5,592	HK$16,200	HK$10,608
62	HK$6,000	HK$16,799	HK$10,799
63	HK$6,384	HK$17,534	HK$11,150
64	HK$6,732	HK$18,279	HK$11,547
65	HK$7,056	HK$19,034	HK$11,978
66	HK$7,392	HK$19,793	HK$12,401
67	HK$7,728	HK$20,549	HK$12,821
68	HK$8,088	HK$21,297	HK$13,209
69	HK$8,472	HK$22,032	HK$13,560
70	HK$8,880	HK$30,330	HK$21,450

Market Overview (Cheapest VS the Average)

For fair comparison, we also compared Bowtie VHIS standard with the average annual premiums of all standard plans on the market.

Within the range of 61 to 70 years old men, the difference in annual premiums can be up to HK$4,900.

Saved premium (HK$4,900) is enough to purchase another insurance for your grandsons/sons (men aged 22 to 40).

Ages	Bowtie	Average annual premium of all plans on the market^	Difference
61	HK$5,592	HK$8,543	HK$2,951
62	HK$6,000	HK$8,947	HK$2,947
63	HK$6,384	HK$9,361	HK$2,977
64	HK$6,732	HK$9,782	HK$3,050
65	HK$7,056	HK$10,633	HK$3,577
66	HK$7,392	HK$11,126	HK$3,734
67	HK$7,728	HK$11,583	HK$3,855
68	HK$8,088	HK$12,063	HK$3,975
69	HK$8,472	HK$12,611	HK$4,139
70	HK$8,880	HK$13,790	HK$4,910

Premiums for retired women

For retired women aged 61-70, Bowtie VHIS Standard is also the cheapest in Hong Kong!

According to the website of the Health Bureau, the VHIS Standard premiums for women aged 61-70 range from HK$5,412 to HK$30,330.

Bowtie charge up to HK$20,000 cheaper than the most expensive plan.

HK$20,000 saved can be used to purchase insurance for family members of different ages!

The Cheapest VS the Most Expensive Plan

Ages	Bowtie	The most expensive VHIS plan	Difference
61	HK$5,412	HK$16,200	HK$10,788
62	HK$5,700	HK$16,799	HK$11,099
63	HK$6,060	HK$17,534	HK$11,474
64	HK$6,396	HK$18,279	HK$11,883
65	HK$6,708	HK$19,034	HK$12,326
66	HK$7,044	HK$19,793	HK$12,749
67	HK$7,296	HK$20,549	HK$13,253
68	HK$7,560	HK$21,297	HK$13,737
69	HK$7,920	HK$22,032	HK$14,112
70	HK$8,304	HK$30,330	HK$22,026

Market Overview (Cheapest VS the Average)

By comparing Bowtie’s VHIS Standard with the average annual premiums of all plans in the market.

For 61-70 years old retirees, the difference in premiums can be over HK$4,900 for men and over HK$4,800 for women.

The saved money are enough to purchase two more medical insurance for a woman (Granddaughter/ Daughter) aged between 22-40.

Ages	Bowtie	Average annual premium of all plans on the market^	Difference
61	HK$5,592	HK$8,543	HK$2,951
62	HK$6,000	HK$8,947	HK$2,947
63	HK$6,384	HK$9,361	HK$2,977
64	HK$6,732	HK$9,782	HK$3,050
65	HK$7,056	HK$10,633	HK$3,577
66	HK$7,392	HK$11,126	HK$3,734
67	HK$7,728	HK$11,583	HK$3,855
68	HK$8,088	HK$12,063	HK$3,975
69	HK$8,472	HK$12,611	HK$4,139
70	HK$8,880	HK$13,790	HK$4,910

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 agreement.

Quote Now!

⚡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^.

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^{*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.