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TMI BlogInsurance auxiliary services concerning life insurance businessX X X X Extracts X X X X X X X X Extracts X X X X ..... er by an actuary, or intermediary or insurance intermediary or insurance agent, in relation to insurance auxiliary services concerning life insurance business; Who is the receiver of service Policy holder or insurer or re-insurer or any other person Who is the provider of service An actuary or intermediary or insurance intermediary or insurance agent Who is liable to pay service ta ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nce, renewal or revival of policies of insurance." Meaning of Insurance Auxiliary Service - 65(55) "insurance auxiliary service" means any service provided by an actuary, an intermediary or insurance intermediary or an insurance agent in relation to general insurance business or life insurance business and includes risk assessment, claim settlement, survey and loss assessment; Meaning of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... in clause (11) of section 2 of the Insurance Act, 1938; As per clause (11) of section 2 of the Insurance Act, 1938; "'life insurance business' means the business of effecting contracts of insurance upon human life, including any contract whereby the payment of money is assured on death (except death by accident only) or the happening of any contingency dependent on human life, and any contr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the Central Excise Act, 1944 (as made applicable to service tax by section 83 of the Finance Act, 1994), issued from time to time by the CBEC, DG (Service Tax) and various field formations on all technical issues including the scope and classification of taxable services, valuation of taxable services, export of services, services received from outside India, scope of exemptions and all other mat ..... X X X X Extracts X X X X X X X X Extracts X X X X
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