(1) Agricultural and animal husbandry insurance is tax-free. In accordance with Article 8 of the "Interim Regulations on Business Tax", premium income from agricultural and animal husbandry insurance is exempt from business tax. Its scope refers to the business of providing insurance for animals grown and raised in planting, breeding, and animal husbandry.

(2) The premium income from refundable personal insurance business of more than one year run by insurance companies is exempt from business tax. Among them, repayable personal insurance with a term of more than one year refers to personal insurance with an insurance period of one year or more and the return of principal and interest upon maturity, including ordinary life insurance, pension annuity insurance, health insurance, etc. The specific insurance types exempted from business tax must be implemented according to the scope listed in the "Specific Insurance Types Exempted from Business Tax" issued by the Ministry of Finance and the State Administration of Taxation. ***There are 26 types of ordinary life insurance; 18 types of pension annuity insurance; and 25 types of health insurance. In addition, insurance companies in various places that comply with the above tax exemption regulations and operate insurance types based on local conditions will be exempted from business tax after the finance departments (bureaus) and taxation bureaus of provinces, autonomous regions, municipalities, and cities under separate state planning report to the Ministry of Finance and the State Administration of Taxation for approval. .

(3) Business tax is exempted from premium income from personal investment-participating insurance business run by insurance companies. Personal investment participating insurance refers to the long-term life insurance business provided by the insurer to the policy holder with high protection against death, disability, etc. After the insurance period expires, the insurer should also provide investment income dividends to the insured.

(4) Insurance contracts for agriculture, forestry crops, and animal husbandry are temporarily exempt from stamp duty.

(5) No stamp duty is levied on life insurance contracts and health insurance contracts.

The State Council issued "Several Opinions on Accelerating the Development of the Modern Insurance Service Industry". The opinions pointed out that we should vigorously develop "agriculture, rural areas and farmers" insurance and innovate ways to support agriculture and benefit farmers; build an insurance network to protect people's livelihood 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.