Bowtie Term Life Insurance

Name: Bowtie Term Life
Brand: Bowtie
Price: 18 HKD
Rating: 4.5 (151 reviews)

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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

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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 months^1,2, 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!

Confused? Have a chat with our specialist

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唔使自己出幾萬蚊都Claim 到近 90% 醫療費用

Adjust your coverage^3

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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.

Confused? Have a chat with our specialist

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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!

Confused? Have a chat with our specialist

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.

Learn More ↓

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

Claim inquiry

3001 5670

claim@bowtie.com.hk

Learn More

Product Documents

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Key Risks and Policy Exclusions

Bowtie Term Life Insurance

Terms and Conditions

Premium Schedule – Bowtie Term Life Insurance

Bowtie Last Wish Rider (Rider of Bowtie Term Life)

Terms and Conditions

Premium Schedule – Last Wish Rider

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

For each policy sold, a proportion is set aside as reserves

International Reinsurance Companies
Serve as a compensation backup

FAQ

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.

Schedule Consultation WhatsApp

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

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Remark

^{1. The insured must (1) provide a certificate of terminal illness, issued following diagnosis by a doctor in Hong Kong, to prove that the life expectancy is likely to be less than 12 months due to the terminal illness, and (2) survival of at least 14 days from the date of medical evidence of terminal illness diagnosed by a registered medical practitioner to be eligible to receive the lump sum payment of $300,000 from the Last Wish Rider, and (3) exceeded the waiting period of 180 days from the effective date of the Last Wish rider. 　
2. If, for any reason, 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, in addition to the death benefit payable under the Bowtie Term Life Insurance policy (i.e., 100% of the sum insured), a compassionate death benefit under the Last Wish Rider will be paid (of $100,000).
3. When increasing the sum insured amount, the insured person needs to undergo re-underwriting, no re-underwriting is needed for decreasing the sum insured.
4. When the insured person increases their sum insured amount beyond the standard limit, they will need to undergo a medical examination. The sum insured limits without medical examination are as follows:$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) Click}^here^{to understand the reasons behind financial underwriting and body check
5. In cases involving same-sex spouses, same-sex fiancés, stepchildren or stepparents without blood ties, etc., the Company will require the policyholder to provide documents proving the relationship between the insured and the beneficiary, including marriage certificates, the insured's identity card, etc., to ensure the insurable interest between the two.The above is for reference only. For detailed terms and conditions, product risks, and exclusions, please refer to the policy document.Bowtie Life Insurance Co. Ltd (“The Company”,”Bowtie”) is a limited liability company incorporated in Hong Kong. Bowtie Term Life is underwritten by our company and only intended for sale in Hong Kong. The above information is for reference only. For detailed terms and conditions of the product, please refer to the policy.*}^{Terms and Conditions}^apply.

Bowtie Term Life Insurance

Why Should I Get Life Insurance?

Unique Features

Market-exclusive Last Wish Rider1

Highest Coverage Online Up
to $20 million4

‍Same Protection for All Types of Love Embrace Diverse Beneficiaries

Leave Without Regrets

Adjust your coverage^3

‍

‍
Up to $20 million⁴

Ben

Flora

Catering for diverse relationships and families

Ben

Flora

Benefit Items

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

Renewal Age Extended to Age 100

Bowtie-only Services

Product Documents

Important Product Information

Bowtie’s Powerful Supporters

FAQ

Bowtie Term Life Insurance

Why Should I Get Life Insurance?

Unique Features

Market-exclusive Last Wish Rider1

Highest Coverage Online Upto $20 million4

‍Same Protection for All Types of Love Embrace Diverse Beneficiaries

Leave Without Regrets

Adjust your coverage3‍‍Up to $20 million4

Ben

Flora

Catering for diverse relationships and families

Ben

Flora

Benefit Items

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

Renewal Age Extended to Age 100

Bowtie-only Services

Product Documents

Important Product Information

Bowtie’s Powerful Supporters

FAQ

Highest Coverage Online Up
to $20 million4

Adjust your coverage^3

‍

‍
Up to $20 million⁴

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