Group 1 - The article discusses the conditions under which pension annuity insurance must comply, emphasizing the importance of health insurance as a type of personal insurance that provides benefits due to health-related losses [3] - It outlines that only life insurance products with a term of more than one year, issued by insurance companies, are eligible for VAT exemption [3] - The article specifies that insurance agencies are not entitled to this VAT exemption policy [3] Group 2 - It details the necessary documentation that the head office must retain after the approval of insurance product filings, including the approval receipt from the financial regulatory authority, insurance terms, and rate tables [4] - The article warns that failure to retain required documentation may lead to tax penalties, late fees, and negatively impact tax credit ratings, potentially resulting in being targeted for tax audits [4] - It explains how insurance companies should handle input tax amounts after declaring exempt income, indicating that previously deducted input tax amounts must be adjusted accordingly [4]

Group 1 - The core viewpoint of the article is that certain life insurance products with a duration of one year or more are exempt from value-added tax (VAT) [1][2] - Life insurance, pension annuity insurance, and health insurance with a term of one year or more qualify for VAT exemption [1][2] - Only insurance companies that operate these long-term life insurance products can enjoy the VAT exemption; insurance agencies do not qualify [2][3] Group 2 - When filing for VAT exemption, companies must use the specific code 0001083913|SXA31900806 in the VAT exemption declaration form [3] - Companies must retain relevant documentation, including approval receipts and insurance policy terms, for compliance [4] - Failure to retain required documentation may result in tax penalties, late fees, and negative impacts on tax credit ratings [4][5] Group 3 - Insurance companies must calculate and transfer out any previously deducted input tax after declaring exempt income [5] - Companies that file VAT on a consolidated basis must ensure that only the designated company claims the VAT exemption to avoid duplicate claims [5]