Pure Life Insurance Built on Care
Love Without Burden Leave Without Regrets
No commission, affordable and pure protection
Guaranteed renewal up to age 100 upgrade
No tied contract, flexible cancellation

限時優惠

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Why Should I Get Life Insurance?

Life insurance ensure peace of mind, even in your absence

What if I'm gone before the mortgage is repaid? I still want my family to have a home.

Even if I miss my child's graduation, I want to make sure they graduate.

Even if I'm not there, I want my parents to have a secure retirement.

Remarks:The above are real customer opinions, while the photos are AI-generated images

Unique Features

保費夠抵較市場同類產品平

Leave Without Regrets

If the insured is diagnosed with a terminal illness and predicted life expectancy less than 12 months1,2, Bowtie will provide an additional lump sum benefit besides death benefit that can be used freely to fulfill their last wishes!

How does it work?
A doctor certifies that the insured has a predicted life expectancy less than 12 months due to a terminal illness.1,2
Bowtie will pay a lump sum payment of $300,000.1,2
They can then arrange and fulfill their last wishes!
After the insured passes away, the beneficiary will receive the death benefit (100% of the Term Life sum insured).
How can existing customers add this benefit?Find out now!
唔使自己出幾萬蚊都Claim 到近 90% 醫療費用

Adjust your coverage3




Up to $20 million4

Your life protection needs increase when income and life stage change. However, most online term life insurance only offers coverage up to a few million dollars.

After listening to our customers, Bowtie has increased the maximum sum insured to $20 million (medical examination required4), allowing customers to get sufficient coverage from a single insurer.

設額外醫療保障 SMM 包底 賠得更足

Catering for diverse relationships and families

You can prepare life insurance for more loved ones. For example, we accept fiancés, same-sex spouses, same-sex fiancés; step children or step parents as beneficiaries of life insurance5!

限時優惠

Benefit Items

$20million

The max. sum insured without medical examination - $8 million4

100years oldupgrade

Renewal Age Extended to Age 100

Benefit coverage

Death benefit coverage
(100% of sum insured)

Claim method

If the insured person dies, Bowtie will pay the death benefit to the beneficiary in a lump sum

Minimum Sum insured

$200,000

Maximum Sum insured

$20,000,000 (Existing Customer*)
$8,000,000 (18-45 years old)
$4,000,000 (46-55 years old)
$3,500,000 (56-60 years old)
$1,000,000 (61-65 years old)

  • New customers can purchase up to $8 millions without medical examination. Once the policy is in force, customers can purchase more coverage, up to $20 million (inclusive of previous policies) with financial underwriting and medical examination according to our guidance.
  • Once your policy is in force, your sum insured will remain unchanged. For example, if you buy $8 million at or before the age of 45. Your coverage remains $8 million even until the age of 85. If you wish to adjust the sum Insured amount, you can make the request on platform at least 30 days before the next renewal date.

Bowtie-only Services

Words to your beloved ones
Bowtie believes life insurance is not just a protection. Leave a message to the beneficiary(ies), whether it is words of appreciation, blessing or encouragement, it would be a precious and warm gift to your belove ones during grief.
1 on 1 Service by our Claim Specialist
If you unfortunately pass away, your family can make an online claim without logging in
Our Claim Specialist will help to take care of your family's claim application & documentation.
1 on 1 direct communication, support your family all the way

Product Documents

Important Product Information

Product Category
  • Bowtie Life Insurance is a term life insurance policy. It is a pure life protection plan with no savings component. Upon the death of the insured person, we will pay a lump sum death benefit to the policy beneficiary.
  • The Last Wish Rider is a rider benefit to Bowtie Term Life Insurance. It provides a lump sum payment for any purpose when the insured person is diagnosed with a terminal illness and has a predicted life expectancy of less than 12 months. If the insured person dies before making Last Wish Claims or dies due to other reasons other than terminal illnesses / does not meet claim conditions, Bowtie will pay a compassionate death benefit to the beneficiary.
Issue Age
age 18 – age 65
Period of Cover
1 year – guaranteed renewal until age 100
Waiting Period
  • Bowtie Term Life Insurance:Not applicable
  • Last Wish Rider:180 days (except for an illness caused directly by an Accident and diagnosed within 90 days from the date of the Accident)
Renewal
  • Renewal will not involve re-underwriting, nor will additional premiums or exclusions be applied due to changes in the insured person's health condition
  • Bowtie reserves the right to revise the policy terms and conditions upon renewal, including the premium rates in effect at the time
Cooling-off Period
21 days
You may cancel the policy within the cooling-off period for a full refund of premiums paid
Policy Cancellation
Make the request on Bowtie’s online platform at least 30 working days before the next renewal date
Tax Deduction
Not applicable
Survival Period (Only applicable to the Last Wish Rider)
Survival Period : 14 days
Survival of at least 14 days from the date of issuance of the terminal illness certificate to be eligible to receive the additional lump sum payment from the Last Wish Rider
Exclusions
This plan does not cover death directly or indirectly, wholly or partially, resulting from the following:
Suicide: Death of the insured by suicide, whether sane or insane, within 2 year from the policy effective date
Interested in knowing why we designed it like this? Read this blog!
The information on the page is for reference only, please refer to the full and detailed policy Terms and Conditions.

Bowtie’s Powerful Supporters

I believe that Bowtie’s insurance technology and pure protection products can help Hong Kong people get enough protection to fill the $6.9 trillion mortality gap in Hong Kong.
John Tsang GBM, JP
Former Financial Secretary of HKSenior Advisor

FAQ

What is Life Insurance? How many types are there?

Life insurance provides a lumpsum compensation to the designated beneficiary upon the death of the insured, this is known as the death benefit. Life insurance is mainly classified into two categories:

  1. Life insurance with saving elements, also known as whole life insurance
  2. Pure life insurance, also known as term life insurance.

 

Learn more👇🏽

Life insurance provides financial support to the designated beneficiary, preventing insured person’s loved ones’ livelihood from being affected by the unfortunate death. A lumpsum payment will be compensated by both whole life insurance and term life insurance, however, the former offers both protection and returns, whilst the latter solely provides protection. For the same premium, term life insurance typically offers over 12 times^ higher coverage than traditional savings life insurance products.  

Bowtie Term Life Insurance, operating fully online, reduces more administrative costs than other insurers, allowing us to provide over 40 times^ higher coverage than traditional savings life insurance for the same premium.

^ Calculated based on the standard premium of a 35-year-old non-smoking female insured with a sum assured of $1 million; term life insurance: data is the standard premium of term life insurance (20-year coverage) on the market on July 1, 2020(Includes term life insurance that can be applied online and 8 other term life insurance products); saving life insurance: data is the standard premium of 8 saving life insurance products (20-year premium payment period) on the market on July 1, 2020.

What are the differences between Term Life Insurance and Savings Life Insurance?

Term Life Insurance is a purely life protection product, focusing on providing life coverage to the insured person within a specified period. Its premiums may be adjusted with age or upon renewal. Whole Life Insurance, on the other hand, offers both protection and returns, often using a level premium system. For the same premium, Term Life Insurance typically provides over 12 times^ higher coverage than traditional Savings Life Insurance products.

 

^Calculated based on the standard premium of a 35-year-old non-smoking female insured with a sum assured of $1 million; term life insurance: data is the standard premium of term life insurance (20-year coverage) on the market on July 1, 2020(Includes term life insurance that can be applied online and 8 other term life insurance products); saving life insurance: data is the standard premium of 8 saving life insurance products (20-year premium payment period) on the market on July 1, 2020.

What is the “Last Wish Rider”? What additional coverage would it provide?

The ‘Last Wish Rider’ is a rider option offered with Bowtie Term Life Insurance. It provides a one-time payout of HK$300,000 when the insured person is diagnosed with a terminal illness and a doctor certifies that their life expectancy is less than 12 months^. The insured person can use this payout to fulfill their last wishes, with no restrictions on its use.

If, for any reason, the insured person does not or cannot claim this benefit before their passing, the designated beneficiary of the policy will receive a compassionate death benefit of HK$100,000.

^ The Insured must (1) provide a Terminal Illness Certificate signed by a doctor to prove that the Insured is suffering from a terminal illness and is likely to have a life expectancy of less than 12 months, and (2) survive for 14 days or more to be eligible for a lump sum payment of $300,000 for the Last Wish Rider.

How does the “Last Wish Rider” differ from life insurance policies that allow early withdrawal of the sum insured upon diagnosis of a critical illness?

Unlike traditional life insurance policies, the "Last Wish Rider" provides an additional coverage to the insured person, rather than being a part of the original life insurance benefit.

 

Learn More 👇🏻

Despite life insurance being a protection that policyholders prepare for their families/loved ones, some insurance companies offer more flexible protection for the insured, allowing them to withdraw 100% (or a specified percentage) of the sum assured in advance when they are terminally ill.

However, Bowtie believes that the protection prepared by the policyholder for their family/loved ones should be used to support their future living expenses and should not be reduced due to the insured's need for protection due to terminal illness. Therefore, we have launched the “Last Wish Rider" to provide an additional sum assured to support the insured's life/needs when they are ill.

Is there any restriction on how the claimed benefit from the "Last Wish Rider" can be used?

No, the Policyholder / Insured Person is free to use the benefit on anything they wish to.

Who needs Life Insurance?

Bowtie recommends considering your insurance needs based on your life stage. Simply put, we suggest the breadwinner(s) in a family to consider getting life insurance. In the unfortunate event of their passing, their dependents would receive crucial financial assistance to support their daily lives.

Is there a cooling-off period for Bowtie Term Life insurance and the "Last Wish Rider"?

The cooling-off period for Bowtie Term Life insurance and the ‘Last Wish Rider’ is 21 days. If you wish to cancel your plan or the rider within the cooling period, we will provide a full refund of premiums paid.

Please note that upon the cancellation of your plan, the ‘Last Wish Rider’ will simultaneously be terminated.

Is there a waiting period for Bowtie Term Life insurance and the "Last Wish Rider"?

There is no waiting period for Bowtie Term Life Insurance. Once the policy is effective, you will receive immediate coverage.

The "Last Wish Rider" has a waiting period of 180 days. Within such 180 days, Bowtie will not pay out the Last Wish benefit or compassionate death benefit (except for an illness caused directly by an Accident and diagnosed within 90 days from the date of the Accident)

Who Can Be Designated Beneficiaries?

To cater to a wider range of needs, Bowtie Term Life Insurance accepts beneficiaries who are non-cohabiting partners, same-sex partners, and non-blood related family members (including step parents/siblings). Bowtie reserves the right to request supporting documents (such as birth/marriage certificates) from the policyholder for verification purposes.

Have questions about Bowtie's products? Our Product Specialists can assist you!
Providing you with personalized product consultations and commission-free!
Service Hours: 9:30 am to 6:30 pm, Monday to Friday

Closed on Saturdays, Sundays, and Public Holidays
By scheduling a consultation or WhatsApp inquiry, you acknowledge that you have read  Bowtie's Personal Information Collection Statement and agree to the use of your personal data for contact.
For inquiries regarding existing policies, please contact our Customer Service Department:
Hotline: 3008 8123 | Email: cs@bowtie.com.hk | Click “Live Chat” at the bottom right corner
Remark