16th Floor, Tower1, Prosper Center,
No.5 Guanghua Road, Chaoyang District,
Beijing, 100020, P.R China
From 1 January 2018 onwards, policyholders of new or in-force insurance policies1 are required to pay premium levy to the Insurance Authority (IA) via the insurance companies in accordance with the law2. For further information, please visit https://www.ia.org.hk/.
Premium levy amount is a specific percentage to each premium payment subject to a levy cap3 applied per policy per policy year4. The levy rates and caps prescribed by the IA are set out below:
1 January 2018 to
1 April 2019 to
1 April 2020 to
1 April 2021
Levy cap (HK$)
If you have any questions regarding premium levy on insurance policies, please contact us at firstname.lastname@example.org or +852 2521 0707 for enquiry.
1 Reinsurance business, policies underwritten by authorized captive insurers, and marine, aviation and goods-in-transit business are exempt from the levy.
2 The Insurance (Levy) Regulation and the Insurance (Levy) Order under the Insurance Ordinance (Cap. 41).
3 Group life insurance policies with medical protection offered by employers will be subject to the levy cap for general insurance policies.
4 For life insurance policy without a predetermined premium payment schedule, the levy cap is applicable on a per premium basis instead.