Topological quantum paramagnets are exotic states of matter, whose magnetic excitations have a topological band structure, while the ground state is topologically trivial. Here we show that a simple model of quantum spins on a honeycomb bilayer hosts a time-reversal-symmetry protected $mathbb{Z}_2$ topological quantum paramagnet ({em topological triplon insulator}) in the presence of spin-orbit coupling. The excitation spectrum of this quantum paramagnet consists of three triplon bands, two of which carry a nontrivial $mathbb{Z}_2$ index. As a consequence, there appear two counterpropagating triplon excitation modes at the edge of the system. We compute the triplon edge state spectrum and the $mathbb{Z}_2$ index for various parameter choices. We further show that upon making one of the Heisenberg couplings stronger, the system undergoes a topological quantum phase transition, where the $mathbb{Z}_2$ index vanishes, to a different topological quantum paramagnet. In this case the counterpopagating triplon edge modes are disconnected from the bulk excitations and are protected by a chiral and a unitary symmetry. We discuss possible realizations of our model in real materials, in particular d$^{4}$ Mott insulators, and their potential applications.