Insurance Authority

Levy on insurance premium

From 1st January 2018 onwards, a levy on insurance premiums for insurance policies will be payable to the Insurance Authority (IA) by policyholders under Insurance (Levy) Order and Insurance (Levy) Regulation. The levy will be collected from policyholders through insurance companies. Levy must be paid when the premium is paid. The applicable levy rate shall be determined by reference to the policy effective/ renewal date. Details of levy rate and cap can be referred to the table below. For more information, please visit

Policy effective/ renewal date begins in the following period Rate %
(Based on premium payable)
Cap amount
(HK$) per policy per policy year
From 1st January 2018 till 31st March 2019 (both dates inclusive) 0.040% 2,000
From 1st April 2019 till 31st March 2020 (both dates inclusive) 0.060% 3,000
From 1st April 2020 till 31st March 2021 (both dates inclusive) 0.085% 4,250
From 1st April 2021 onwards (dates inclusive) 0.100% 5,000