Most term life insurance plans in Hong Kong offer coverage ranging from HK$200,000 to HK$10 million. Bowtie provides coverage from HK$200,000 to HK$8 million, with existing customers having the opportunity to increase their coverage up to HK$20 million. The maximum coverage amount is subject to the insured person's age and underwriting results.
Maximum insured amount without undergoing body checks and underwriting:
|
Age of Insured Person |
Maximum Insured Amount Without Undergoing Body Checks and Underwriting |
|
18 – 45 years old |
HK$ 8,000,000 |
|
46 – 55 years old |
HK$ 4,000,000 |
|
55 – 60 years old |
HK$ 3,500,000 |
|
61 – 65 years old |
HK$ 1,000,000 |
For our existing customers, you would need to go through financial underwriting and a medical examination to be eligible for a coverage upgrade to HK$20 million.