Voluntary health insurance scheme one step closer after Hong Kong budget

February’s budget announcement in Hong Kong has been met with a high level of interest across many sectors. Like education and housing, healthcare has seen a number of changes and announcements made that are aimed at improving the outcomes for many citizens and residents, whilst also supporting the country’s capabilities in each area for the …

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New report highlights welcome changes to local HK health insurance plans

Finding health insurance in Hong Kong isn’t hard, but finding the right plan for you can be. Like most consumer industries, the options available to you will come in different shapes and sizes; some will offer coverage for certain types of medical conditions, others will offer coverage with limits on how often you may make …

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New premium levy: Everything HK insurance policyholders should know

From 1 January 2018 onwards, the Insurance Authority (IA) will be collecting premium levies from HK insurance policyholders. Implemented on an incremental basis to lessen their impact on policyholders, levy rates are currently charged at 0.04% of an HK insurance plan’s annual premium. As levy rates and cap levels vary for different types of insurance …

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