VHIS-EN

Teens & Young Adults VHIS Premium Comparison

Are you planning to get medical insurance for your child but unsure about the cost? Bowtie has compiled the "Standard Premium" data of VHIS to help you get the most cost-efficient plan for your teens.

Updated on 2023-05-19

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

Male in High School, College, or University

Bowtie VHIS Standard is the cheapest plan in Hong Kong!

According to the website of the Health Bureau, VHIS Standard for male that aged 13-21 charge from HK$1,104 to HK$4,104.

Bowtie charges over 2.5 to 3 times cheaper than the most expensive plan for this age group of male, with a yearly difference of >HK$2,800.

The HK$2,856 saved in premiums can buy 2 more VHIS for a 21-year-old male!

The Cheapest VS the Most Expensive Plan

Age	Bowtie	The most expensive VHIS	Difference
13	$1,104	$2,916	$1,812
14	$1,104	$2,916	$1,812
15	$1,128	$2,916	$1,788
16	$1,152	$2,916	$1,764
17	$1,176	$2,916	$1,740
18	$1,248	$4,104	$2,856
19	$1,332	$4,104	$2,772
20	$1,356	$4,104	$2,748
21	$1,404	$4,104	$2,700

Market Overview (Cheapest VS the Average)

For a fair comparison of prices, we compare Bowties VHIS Standard with all standard plans on the market.

For the male aged between 13-21 years old, the yearly premium difference between Bowtie and the market average is HK$576.

Ages	Bowtie	Average annual premium of all plans on the market^	Difference
13	$1,104	$1,676	$572
14	$1,104	$1,680	$576
15	$1,128	$1,691	$563
16	$1,152	$1,711	$559
17	$1,176	$1,730	$554
18	$1,248	$1,762	$514
19	$1,332	$1,785	$453
20	$1,356	$1,812	$456
21	$1,404	$1,842	$438

Although HK$576 is not a large amount, but why not choose a more affordable plan when they are having similar coverage?

Female in High School, College, or University

For female students aged 13-21, Bowtie VHIS Standard remains the most affordable in Hong Kong!

According to the Health Bureau’s website, VHIS Standard for females aged 13-21 range from HK$1,164 to HK$4,104

Bowtie charges over 2.5 to 3 times cheaper less than the most expensive plan, with a yearly difference of nearly HK$2,700 for the 18-19 years old female.

The HK$2,700 saved can buy 2 more VHIS for female students aged 13-26!

The Cheapest VS the Most Expensive Plan

Age	Bowtie	The most expensive VHIS	Difference
13	$1,164	$2,916	$1,752
14	$1,188	$2,916	$1,728
15	$1,188	$2,916	$1,728
16	$1,248	$2,916	$1,668
17	$1,320	$2,916	$1,596
18	$1,344	$4,104	$2,760
19	$1,380	$4,104	$2,724
20	$1,392	$4,104	$2,712
21	$1,428	$4,104	$2,676

Market Overview (Cheapest VS the Average)

Similarly, we compare Bowtie’s VHIS standard with all standard plans on the market.

For female within the age range of 13-21, Bowtie is HK$591 cheaper than the average annual premium of the market .

Ages	Bowtie	Average annual premium of all plans on the market^	Difference
13	$1,164	$1,699	$535
14	$1,188	$1,720	$532
15	$1,188	$1,741	$553
16	$1,248	$1,789	$541
17	$1,320	$1,819	$499
18	$1,344	$1,882	$538
19	$1,380	$1,935	$555
20	$1,392	$1,983	$591
21	$1,428	$1,699	$271

HK$591 is not a large amount, but since the protection is similar, choosing a more affordable plan is definitely more cost-effective!

Note: The above prices are for VHIS "Standard Plan"of non-smoking insured for the respective age, updated as of December 20, 2024. For accurate quotes and product details, please consult each insurance company.
^Excludes premiums for additional contracts

Quote Now!

⚡Bowtie VHIS Learning Centre 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 Learning Centre promo code 【BLOGLCJAN】to get 30% off the first two year’s premium and secure top-tier health protection at an unbeatable price!

At the same time, for just HK$200 per month, policyholders can add on the GHK Wellness Package / CUHKMC Wellness Package, providing comprehensive coverage for your medical needs!

^{*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$197. 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.