Premium Levy
- All new policies with policy date from 1 January 2018 onwards are subject to levy with reference to the levy Table as below.
- All existing inforce policies with policy anniversary fall on or after 1 January 2018 are also subject to levy.
Policy Date or Policy Anniversary Date Levy Rate Maximum Levy (HKD) General Business* Long Term Business# From 1 January 2018 to 31 March 2019 (both dates inclusive) 0.04% $2,000 $40 From 1 April 2019 to 31 March 2020 (both dates inclusive) 0.06% $3,000 $60 From 1 April 2020 to 31 March 2021 (both dates inclusive) 0.085% $4,250 $85 From 1 April 2021 onwards (inclusive of that date) 0.1% $5,000 $100
Details refer to OnePortal > My Business > Forms & Guidelines > Compliance