The levy rate and the maximum levy payable per policy year is set out below:
| Policy date and policy anniversary date | Levy Rate | Maximum levy to be applied per policy (general insurance) |
|---|---|---|
| From 1 January 2018 to 31 March 2019 (both dates inclusive) |
0.04% | HKD 2,000 |
| From 1 April 2019 to 31 March 2020 (both dates inclusive) |
0.06% | HKD 3,000 |
| From 1 April 2020 to 31 March 2021 (both dates inclusive) |
0.085% | HKD 4,250 |
| From 1 April 2021 onwards | 0.1% | HKD 5,000 |