Insurance premium tax is a tax that is charged on your insurance premium. Your insurance premium is the amount of money you pay for your insurance policy. This is determined by a variety of factors - your level of risk, your coverage and more. The insurance premium tax is charged on this: sometimes as included in your premium, sometimes on top of your premium.

This tax is subject to change and varies from country to country.

Value-added tax (VAT) is a consumption tax on goods and services. Generally, this is not applied to health insurance. However, in some countries, such as Bahrain, Saudi Arabia and United Arab Emirates, VAT does apply to health insurance products.

Stamp duty is an annual levy. The liability for stamp duty on insurance rests with the insurer as opposed to the policyholder.

Some countries have specific fees or exemptions across all policies. For example, Cyprus charges a €2 fee when you take out a health insurance policy, as a one-time charge.