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GST Rate to be Existing

Product category applicable w.e.f. Service Tax


1st July, 2017 Rate
Pure Term, ULIP/ VIP
18.00% 15.00%
& Pension Plans
First Year Premium 4.50% 3.75%
Endowment Plans
Renewal Premium 2.25% 1.88%
Single Premium 1.80% 1.50%
Annuity Products New Pension
Nil Nil
Scheme

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