Insurance company's premium income of life insurance products with a term of more than one year.
Life insurance for more than one year refers to life insurance, pension insurance and health insurance with an insurance period of more than one year.
Life insurance refers to life insurance with life expectancy as the subject matter of insurance.
Old-age annuity insurance refers to the life insurance which aims at old-age security and pays the living insurance money in installments at agreed time intervals on the condition that the insured lives. Endowment annuity insurance shall meet the following conditions at the same time:
1. The insurance contract stipulates that the payment age of the insured's survival insurance money shall not be lower than the retirement age stipulated by the state.
2. The time interval between two adjacent payments shall not exceed one year.
Health insurance refers to personal insurance with losses caused by health reasons as the condition of paying insurance benefits.
The above-mentioned tax exemption policy is subject to filing management, and the specific filing management measures shall be implemented in accordance with the Announcement of State Taxation Administration of The People's Republic of China City, People's Republic of China (PRC) on Relevant Management Issues after Cancellation of Business Tax Exemption for Returned Life Insurance Products for More than One Year (State Taxation Administration of The People's Republic of China Announcement No.65, No.2015).
Except for projects with a specified time limit and the fifth policy, the preferential policies of value-added tax will be implemented during the pilot period of camp reform. If the pilot taxpayers have enjoyed business tax concessions in accordance with relevant policies and regulations before being included in the pilot reform of the camp, they will enjoy relevant value-added tax concessions in accordance with these regulations within the term of the remaining preferential tax policies. "
Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.