Chapter 26

General insurance business

 

Effective date:

(1st July, 2012)

Scope of Exempt Service –

Services of general insurance business provided under following schemes –

(a)  Hut Insurance Scheme;

(b)  Cattle Insurance under Swarnajaynti Gram Swarozgar Yojna (earlier known as Integrated Rural Development Programme);

(c)  Scheme for Insurance of Tribals;

(d)  Janata Personal Accident Policy and Gramin Accident Policy;

(e)  Group Personal Accident Policy for Self-Employed Women;

(f)  Agricultural Pumpset and Failed Well Insurance;

(g)  premia collected on export credit insurance;

(h)  Weather Based Crop Insurance Scheme or the Modified National Agricultural Insurance Scheme, approved by the Government of India and implemented by the Ministry of Agriculture;

(i)  Jan Arogya Bima Policy;

(j)  National Agricultural Insurance Scheme (Rashtriya Krishi Bima Yojana);

(k)  Pilot Scheme on Seed Crop Insurance;

(l)  Central Sector Scheme on Cattle Insurance;

(m)  Universal Health Insurance Scheme;

(n)  Rashtriya Swasthya Bima Yojana; or

(o)  Coconut Palm Insurance Scheme;

 

Meanings and Definitions:

general insurance business” has the meaning assigned to it in clause (g) of section 3 of General Insurance Business (Nationalisation) Act, 1972 (57 of 1972),

 

(See Notification no. 25/2012 dated 20.06.2012, effective from 01.07.2012)