ServiceSAC Heading 9971 or Heading 9991
Services of life insurance business provided under following schemes - (a) Janashree Bima Yojana; (b) Aam Aadmi Bima Yojana; (c) Life micro-insurance product as approved by the Insurance Regulatory and Development Authority, having maximum amount of cover of two lakh rupees; (d) Varishtha Pension Bima Yojana; (e) Pradhan Mantri Jeevan Jyoti Bima Yojana; (f) Pradhan Mantri Jan Dhan Yogana; (g) Pradhan Mantri Vaya Vandan Yojana. — GST rate 0%
0%GST
Condition: Nil
| CGST (intra-state) | 0% |
| SGST / UTGST (intra-state) | 0% |
| IGST (inter-state) | 0% |
| SAC code | Heading 9971 or Heading 9991 |
| Category | Insurance |
| Source notification | 12/2017 (amended by 16/2025) |
As per Notification 12/2017 (amended by 16/2025), services of life insurance business provided under following schemes - (a) janashree bima yojana; (b) aam aadmi bima yojana; (c) life micro-insurance product as approved by the insurance regulatory and development authority, having maximum amount of cover of two lakh rupees; (d) varishtha pension bima yojana; (e) pradhan mantri jeevan jyoti bima yojana; (f) pradhan mantri jan dhan yogana; (g) pradhan mantri vaya vandan yojana. classified under SAC Heading 9971 or Heading 9991 attracts 0% GST effective 22 September 2025. On an intra-state supply this is charged as 0% CGST plus 0% SGST; on an inter-state supply the full 0% is charged as IGST. This rate applies subject to the condition: Nil.