Reinsurance services - GST - Services Code / Scheme of Classification of Services

Scheme of Classification of Services S.No. Chapter, Section, Heading or Group Service Code (Tariff) Service Description (1) (2) (3) (4) 193 Group 99714 Reinsurance services 194 997141 Life reinsurance services 195 997142 Accident and health reinsurance services 196 997143 Motor vehicle reinsurance services 197 997144 Marine, aviation and other transport reinsurance services 198 997145 Freight reinsurance services 199 997146 Other property reinsurance services 200 997149 Other non-life reinsurance services Explanatory Notes:- Based on the Modified Version of the United Nations Central Product Classification (UNCPC) 99714 - Reinsurance services This group includes services of assuming all or part of insurance policies originally underwritten by other insurance carriers 997141 - Life reinsurance services This service code includes reinsurance services for life insurance, reinsurance of annuities etc. 997142 - Accident and health reinsurance services This service code includes reinsurance services for accident and health insurance, reinsurance of annuities etc. 997143 - Motor vehicle reinsurance services This service code includes reinsurance services for motor vehicle insurance policies 997144 - Marine, aviation and other transport reinsurance services This service code includes reinsurance services for marine, aviation and other transport insurance policies 997145 - Freight reinsurance services This service code includes reinsurance services for freight insurance policies 997146 - Other property reinsurance services This service code includes property reinsurance services, other than for motor vehicles and freight 997149 - Other non-life reinsurance services This service code includes: - liability reinsurance services - reinsurance services for surety bonds - non-life reinsurance services, not elsewhere specified