You can adjust your life insurance coverage amount yourself through the online platform. However, please note that if the original coverage amount combined with the requested increase exceeds the standard maximum coverage, a medical examination and financial underwriting will be required.
Steps to adjust your sum insured (with image guidance)
- Click here to enter our online platform
- Select“Protection” and choose the “In-force” policy
- Click “Amend policy”
- Click “Adjust sum assured” then click “Increase your Sum assured” or “Decrease your Sum assured"
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Increasing Your Life Insurance Coverage
Bowtie will treat your application for additional coverage as a new policy, and an underwriting process will be required. If the original coverage amount combined with the requested increase exceeds the standard maximum coverage (see table below), the insured person will need to undergo financial underwriting and a medical examination.
Currently, Bowtie Term Life Insurance customers can increase their sum assured up to HK$20 million
Age of Insured Individual
Maximum Insured Amount (Without Financial Underwriting and Body Check)
18 - 45 years old
HK$8,000,000
46 - 55 years old
HK$4,000,000
56 - 60 years old
HK$3,500,000
61 - 65 years old
HK$1,000,000
The additional coverage amount applied for is considered a new policy and also comes with a 21-day cooling-off period. If you cancel the policy or rider within the cooling-off period, we will refund all premiums paid in full.
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Decreasing Your Life Insurance Coverage
This request will take effect on your next or subsequent renewal date. If you wish to increase your coverage in the future, you will need to apply for a new policy and undergo financial underwriting.