SAC code 997142 — Accident and health reinsurance services
SAC · sac18%हिंदी में देखें · தமிழில் பார்க்க
Accident and health reinsurance services
Reinsurance services for accident and health insurance risks, where insurers transfer portions of their accident and health insurance liabilities to other insurers or reinsurers. This includes premiums paid by insurance companies to reinsurers for sharing accident-related and health-related claims and exposure.
current gst rate
| igst | cgst | sgst | condition |
|---|---|---|---|
| 5% | 2.5% | 2.5% | S.No 15(vi): (vi) Service of third party insurance of "goods carriage" |
| 18% | 9% | 9% | S.No 15(vii): (vii) Financial and related services other than (i), (ii), (iii), (iv), (v), and (vi) above. |
| 18% | 9% | 9% | S.No 15(viii): (viii) Leasing or rental services, with or without operator, other than (i), (ii), (iii), (iv), (v), (vi), (vii) and (viia) above |
source: 15/2025-Central Tax (Rate) · effective 2025-09-22 · rate inherited from 9971 · all codes at 18%
gst calculator — pre-filled with this rate
products commonly classified here
accident insurance reinsuranceaccident reinsurancehealth and accident reinsurer serviceshealth insurance reinsurancehealth reinsurancemedical reinsurancereinsurance of accident claimsreinsurance of health claims
sibling codes
- 997111Central banking services
- 997112Deposit services
- 997113Credit-granting services including stand-by commitment, guarantees and securities
- 997114Financial leasing services
- 997115Transfer of the right to use any goods for any purpose (whether or not for a specified period)
- 997116Any transfer of right in goods or of undivided share in goods without the transfer of title the
- 997119Other financial services (except investment banking, insurance services and pension services)
- 997120Investment banking services
- 997131pension services
- 997132Life insurance services (excluding reinsurance services)
- 997133Accident and health insurance services
- 997134Motor vehicle insurance services
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compiled from official sources · not tax advice · verify with your tax advisor before filing