COLLECTION OF PREMIUM LEVY TO INSURANCE AUTHORITY
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
1 January 2018 to
1 April 2019 to
1 April 2020 to
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.