Preferential policies for the insurance industry:
(1) Agriculture and animal husbandry insurance is tax-free. According to the provisions of Article 8 of the Provisional Regulations on Business Tax, the premium income from providing agricultural and animal husbandry insurance shall be exempted from business tax. Its scope refers to the business of providing insurance for animals planted and raised in farming, aquaculture and animal husbandry.
(2) The premium income of refundable life insurance business operated by an insurance enterprise for more than one year shall be exempted from business tax. Among them, the life insurance that can be returned for more than one year refers to the life insurance that has an insurance period of more than one year and returns the principal and interest at maturity, including ordinary life insurance, endowment insurance and health insurance.
The specific types of insurance exempted from business tax shall be implemented according to the scope listed in the Specific Types of Insurance Exempted from Business Tax issued by the Ministry of Finance of People's Republic of China (PRC) and State Taxation Administration of The People's Republic of China. * * * lists 26 kinds of ordinary life insurance; 18 types of pension insurance; 25 kinds of health insurance.
In addition, insurance companies that meet the above-mentioned tax exemption conditions are exempt from business tax after being reported to the Ministry of Finance and State Taxation Administration of The People's Republic of China by the finance departments (bureaus) and tax bureaus of provinces, autonomous regions, municipalities directly under the Central Government and cities under separate state planning.
(3) The premium income obtained from individual investment in dividend insurance business operated by insurance enterprises shall be exempted from business tax. Personal investment dividend insurance refers to the long-term life insurance business in which the insurer provides the insured with high protection such as death and disability. After the expiration of the insurance period, the insurer shall also provide dividends on investment income to the insured.
(4) Insurance contracts for agricultural and forestry crops and animal husbandry are temporarily exempt from stamp duty.
(5) Life insurance contracts and health insurance contracts are not subject to stamp duty.
The State Council issued Several Opinions on Accelerating the Development of Modern Insurance Service Industry. The opinion pointed out that vigorously develop the "three rural" insurance and innovate the way of supporting agriculture and benefiting farmers; Construct the people's livelihood insurance network and improve the multi-level social security system; Promote the reform and opening up of the insurance industry and comprehensively improve the development level of the industry. ?
Extended data:
The insurance industry refers to the business that the funds collected through contracts are used to compensate the economic interests of the insured. The insurance market is a place where insurance is bought and sold, that is, both parties sign insurance contracts. It can be a centralized tangible market or a decentralized intangible market.
According to the different subject matter of insurance, insurance can be divided into two categories: property insurance and personal insurance.
Insurance refers to the behavior that the applicant pays the insurance premium to the insurer according to the contract, and when the insured dies, is disabled and reaches the age and time limit agreed in the contract, the insurer shall be liable for the property losses caused by the possible accidents agreed in the contract.
The insurance market is a place where insurance is bought and sold, that is, both parties sign insurance contracts. It can be a centralized tangible market or a decentralized intangible market.
According to the different subject matter of insurance, insurance can be divided into two categories: property insurance and personal insurance.
Property insurance refers to insurance with property and its related interests as the subject matter, including property loss insurance, liability insurance, credit insurance, guarantee insurance and agricultural insurance. It is a kind of compensatory insurance with tangible or intangible property and its related interests as the subject matter of insurance.
Personal insurance is an insurance with human life and body as the subject matter. When people suffer unfortunate accidents or lose their ability to work, become disabled, die or retire in old age due to illness or old age, according to the insurance contract, the insurer pays insurance money or annuity to the insured or beneficiary to solve their financial difficulties caused by illness, disability, old age and death.
According to the direct legal relationship with the insured, insurance can be divided into original insurance and reinsurance. The insurance behavior between the insurer and the applicant is called original insurance. The insurance behavior between insurers is called reinsurance.
References:
Baidu encyclopedia-insurance industry