人身保险免征增值税政策要点

Core Viewpoint - The article discusses the tax exemption policy for life insurance products with a duration of one year or more, detailing the types of insurance that qualify and the implications for insurance companies [2][3][6]. Group 1: Tax Exemption Policy - The policy exempts premium income from value-added tax (VAT) for life insurance products with a duration of one year or more [2]. - Qualifying insurance types include life insurance, pension annuity insurance, and health insurance, all of which must meet specific criteria [3][5]. Group 2: Eligibility and Conditions - Life insurance is defined as insurance based on the lifespan of individuals [3]. - Pension annuity insurance must provide benefits based on the insured's survival and cannot have a payout age lower than the national retirement age [3]. - Health insurance is defined as insurance that compensates for losses due to health-related issues [5]. Group 3: Implementation Details - Only insurance companies can benefit from this tax exemption; insurance agency enterprises are not eligible [6]. - Insurance companies must handle the input tax corresponding to the exempted items by making adjustments [6].