{"id":"payment","checkedOn":"2026-10-12","paths":["/calculators/first-payment/","/zh-hant/calculators/first-payment/","/zh-hans/calculators/first-payment/"],"execution":"browser-only; no calculation endpoint; no input values in analytics","notice":"Illustration only, not advice.","role":"Unlicensed referrer; general information and introductions only","assumptions":"Non-exempt long-term policy, single or annual payment only. From 1 April 2021 the levy is 0.1%, capped at HK$100 per policy year (HK$5,000 for general insurance, outside this tool). Monthly instalments share an annual cap. Levy is converted using your HKD rate; spread and percentage fees are added on the converted premium plus levy, then the fixed fee.","inputSchema":{"type":"object","additionalProperties":false,"required":["premium","currency","paymentCurrency","hkdPerUnit","paymentPerUnit","fee","feePercent","spread"],"properties":{"premium":{"type":"string","description":"Single or annual premium in policy currency"},"currency":{"type":"string","description":"Policy currency (ISO code)"},"paymentCurrency":{"type":"string","description":"Payment currency (ISO code)"},"hkdPerUnit":{"type":"string","description":"HKD per 1 policy-currency unit"},"paymentPerUnit":{"type":"string","description":"Payment-currency units per 1 policy-currency unit"},"fee":{"type":"string","description":"Fixed bank/card fee in payment currency"},"feePercent":{"type":"string","description":"Bank/card percentage fee (%)"},"spread":{"type":"string","description":"FX spread (%)"}}},"inputEncoding":"Decimal strings and ISO currency codes, as in the HTML form","exampleInput":{"premium":"10000","currency":"USD","paymentCurrency":"HKD","hkdPerUnit":"7.8","paymentPerUnit":"7.8","fee":"0","feePercent":"0","spread":"0"},"output":{"levy":"Policy currency; annual long-term cap converted from HKD","total":"Payment currency; premium plus levy, additive percentage fee/spread, fixed fee"},"exampleOutput":{"levy":10,"total":78078},"sources":["https://www.ia.org.hk/en/aboutus/role/financial_arrangements.html"]}