What is a deductible? Is it calculated per disability or on a policy year basis?

  • Updated

A deductible (or excess) is the amount the insured person needs to pay by himself/herself in the event of a claim before Bowtie makes reimbursement for him/her. We would cover any remaining medical expenses according to the benefit limits in the policy.

If the insured person has a Bowtie Pink plan with a $20,000 deductible and the total medical expenses are $70,000, we will cover $50,000
Total medical expenses – Deductible = Coverage
$70,000 – $20,000 = $50,000

Deductibles are calculated on a policy year basis. Only after the annual deductible has been fully consumed, the remaining eligible expenses will be reimbursed within the policy year. The deductible shall be reinstated on a policy year basis.

How to choose deductibles smartly?

You could choose the best plan & deductible option according to the benefit limit for room and board of your existing medical insurance (i.e. group medical insurance) .

Room & Board - Benefit Limit

Suggested plan & deductible

HK$0 (no medical coverage)  

Bowtie Pink (Semi-Private) - HK$0 deductible

HK$1,500 - HK$1,800  

Bowtie Pink (Semi-Private) - HK$50k deductible


Bowtie Pink (Semi-Private) - HK$80k deductible


Bowtie Pink (Private) - HK$20k deductible

HK$4,300 - HK$5,300  

Bowtie Pink (Private) - HK$50k deductible


Bowtie Pink (Private) - HK$80k deductible


Finally decide on the best deductible option for you?

Buy Bowtie Pink Now!