--- title: "Non Life Insurance Services | Professional Non Life Insurance Solutions" description: "Expert non life insurance services covering compliant, reliable, and high-quality solutions tailored to your needs. SAC Code 997139." canonical: "https://busy.in/sac-code-997139/" --- # Non Life Insurance under SAC Code 997139 Part of [SAC 9971: Financial & related services](https://busy.in/sac-code-9971/). Non life insurance services provide protection for a wide range of everyday risks that are not linked to human life, such as damage to property, vehicles, stock, machines and liability claims. Businesses and households pay premiums so that unexpected losses can be compensated as per policy terms. Under GST, such non life insurance services are classified under SAC 997139. This SAC code and its GST treatment decide how GST is charged on these risk insurance premiums and service charges. ## 997139 SAC Code GST rate Non life insurance services under this code are treated as insurance services under GST. The taxable value normally includes the premium charged for covering property, liability and other non life risks, excluding any government taxes or cesses that are collected separately. After the September 2025 rationalisation, regular taxable insurance and reinsurance premiums that are not covered by a special exemption are generally placed in the 18 % slab with input tax credit for eligible business policyholders. Selected life and health schemes or government notified programmes may continue to enjoy concessional or exempt treatment as per the latest GST notifications. **The table below explains the broad GST treatment for SAC code 997139, showing the standard 18 % slab for taxable premiums and any special cases where notified benefits apply.** | SAC code | Description | New GST rate (from 22 Sep 2025) | Old GST rate (till 21 Sep 2025) | Notes | | --- | --- | --- | --- | --- | | 997139 | Other non-life insurance services (excluding reinsurance services) | 18% with ITC | 18% with ITC | This residual non-life category (liability, credit, miscellaneous financial loss covers etc.) remains taxable at 18% with ITC. The September 2025 exemption is limited to individual life and health business and does not extend to these other non-life covers. | Insurers, reinsurers and intermediaries using this SAC code should show premium, GST rate in %, GST amount and any other charges separately on documents and invoices. The same SAC and rate should be followed in GSTR 1 and GSTR 3B so that business customers can manage input tax credit properly and GST audits remain smooth. ## Practical classification guidance Insurers, reinsurers and financial institutions should map every product or contract to the most suitable SAC, checking whether the income is a taxable fee or premium or has any special treatment. Choosing the correct SAC and applying the right GST rate in % helps avoid disputes, supports clean input tax credit flow and makes GST returns easier to explain during assessments. ## Conclusion Non life insurance services under SAC 997139 cover a wide range of covers for property, vehicles, stock and business risks. Premiums for these policies are generally taxable at 18 % with input tax credit for eligible businesses, except where a special exemption or concessional scheme applies. Insurers should apply the correct GST rate in %, disclose GST clearly on policy and renewal documents and keep consistent reporting in GST returns so that customers and authorities both have clarity on tax treatment. ## Frequently asked questions ### What is SAC code 997139 in GST for non life insurance? SAC 997139 is a residual category for general insurance services other than life insurance that are not covered by more specific SAC entries. It can include various non life insurance products like health, travel or property policies grouped in a broader classification. ### Does SAC 997139 cover general insurance other than life insurance? Yes. When a non life policy does not fall under a specific detailed SAC or when multiple risks are bundled, the service may be classified under SAC 997139. It represents other general insurance services provided by insurers to individuals or businesses. ### What GST rate applies to non life insurance services under SAC 997139? Most non life insurance services, including those under SAC 997139, are taxable at 18% on the premium amount. Insurers charge GST on the premium billed for such policies and remit it as part of their taxable supplies of general insurance services. ### Are health, travel and property policies also grouped under SAC 997139? Some health, travel or property policies may have their own specific SAC, but if they are bundled or not clearly fitting in specific codes, insurers may use SAC 997139. The main point is that these are non life policies, different from life insurance which uses codes like 997132. ### Can policyholders claim ITC on GST paid for eligible SAC 997139 business policies? Where businesses take non life policies, such as travel or property insurance for business purposes, they can usually claim ITC on GST paid, subject to blocked credit rules. Personal policies do not allow ITC, and companies must verify if a particular policy is clearly for business use. ## Explore more ### Other SAC services under 9971 - [997111: Central Banking](https://busy.in/sac-code-997111/) - [997112: Deposit](https://busy.in/sac-code-997112/) - [997113: Credit Granting](https://busy.in/sac-code-997113/) - [997114: Equipment Leasing](https://busy.in/sac-code-997114/) - [997119: Financial](https://busy.in/sac-code-997119/) - [997120: Investment Banking](https://busy.in/sac-code-997120/) - [997131: Pension](https://busy.in/sac-code-997131/) - [997132: Life Insurance](https://busy.in/sac-code-997132/) - [997133: Accident Insurance](https://busy.in/sac-code-997133/) - [997134: Motor Insurance](https://busy.in/sac-code-997134/) - [997135: Transport Insurance](https://busy.in/sac-code-997135/) - [997136: Freight Insurance](https://busy.in/sac-code-997136/) - [997137: Property Insurance](https://busy.in/sac-code-997137/) - [997141: Life Reinsurance](https://busy.in/sac-code-997141/) - [997142: Accident Reinsurance](https://busy.in/sac-code-997142/) - [997143: Motor Reinsurance](https://busy.in/sac-code-997143/) - [997144: Marine Reinsurance](https://busy.in/sac-code-997144/) - [997145: Cargo Insurance](https://busy.in/sac-code-997145/) - [997146: Commercial Property Insurance](https://busy.in/sac-code-997146/) - [997149: Non Life Reinsurance](https://busy.in/sac-code-997149/) - [997151: M&A Advisory](https://busy.in/sac-code-997151/) - [997152: Stock Brokerage](https://busy.in/sac-code-997152/) - [997153: Portfolio Management](https://busy.in/sac-code-997153/) - [997154: Custody](https://busy.in/sac-code-997154/) - [997155: Financial Market](https://busy.in/sac-code-997155/) - [997156: Financial Consulting](https://busy.in/sac-code-997156/) - [997157: Foreign Exchange](https://busy.in/sac-code-997157/) - [997158: Transaction Processing](https://busy.in/sac-code-997158/) - [997159: Financial Support](https://busy.in/sac-code-997159/) - [997161: Insurance Advisory](https://busy.in/sac-code-997161/) - [997162: Insurance Claim](https://busy.in/sac-code-997162/) - [997163: Actuarial](https://busy.in/sac-code-997163/) - [997164: Pension Fund Management](https://busy.in/sac-code-997164/) - [997169: Insurance Support](https://busy.in/sac-code-997169/) - [997171: Holding Company](https://busy.in/sac-code-997171/) - [997172: Trust Fund Management](https://busy.in/sac-code-997172/) ### All SAC headings - [99: All Services Accounting](https://busy.in/sac-code-99/) - [9954: Services in building & construction](https://busy.in/sac-code-9954/) - [9961: Services in wholesale trade](https://busy.in/sac-code-9961/) - [9962: Services in retail trade](https://busy.in/sac-code-9962/) - [9963: Accommodation, food & beverage services](https://busy.in/sac-code-9963/) - [9964: Passenger transport services](https://busy.in/sac-code-9964/) - [9965: Goods transport services](https://busy.in/sac-code-9965/) - [9966: Rental services of transport vehicles](https://busy.in/sac-code-9966/) - [9967: Supporting services in transport](https://busy.in/sac-code-9967/) - [9968: Postal & courier services](https://busy.in/sac-code-9968/) - [9969: Electricity, gas & water supply services](https://busy.in/sac-code-9969/) - [9971: Financial & related services](https://busy.in/sac-code-9971/) - [9972: Real estate services](https://busy.in/sac-code-9972/) - [9973: Leasing or rental services](https://busy.in/sac-code-9973/) - [9981: Research & development services](https://busy.in/sac-code-9981/) - [9982: Legal & accounting services](https://busy.in/sac-code-9982/) - [9983: Professional, technical & business services](https://busy.in/sac-code-9983/) - [9984: Telecommunications & broadcasting supply services](https://busy.in/sac-code-9984/) - [9985: Support services to business](https://busy.in/sac-code-9985/) - [9986: Support services to agriculture, hunting, forestry & more](https://busy.in/sac-code-9986/) - [9987: Maintenance, repair & installation services](https://busy.in/sac-code-9987/) - [9988: Manufacturing services on physical inputs](https://busy.in/sac-code-9988/) - [9989: Services in publishing, printing & bookbinding](https://busy.in/sac-code-9989/) - [9991: Public administration & other services](https://busy.in/sac-code-9991/) - [9992: Education services](https://busy.in/sac-code-9992/) - [9993: Human health & social care services](https://busy.in/sac-code-9993/) - [9994: Sewage & waste collection](https://busy.in/sac-code-9994/) - [9995: Services of membership organizations](https://busy.in/sac-code-9995/) - [9996: Recreational, cultural & sporting services](https://busy.in/sac-code-9996/) - [9997: Other Services](https://busy.in/sac-code-9997/)