Free Tools/HSN & SAC Code Finder/Group 9971/SAC 997141

SAC 9971416-Digit Service Code

SAC 997141: Life reinsurance services – Service Code

SAC 997141 is the Services Accounting Code for life reinsurance services. It belongs to service group 9971 (Financial and related services) with 40 related service codes.

Service Group 9971: Financial and related services

GST rates as per CBIC Notifications 09/2025 and 10/2025 (Central Tax - Rate), effective 22 September 2025. Last updated: October 2026. Always verify on the official GST portal before filing.

Service Classification

Classification Chain:

All Services > Financial and related services > Life reinsurance services

GST Rates for Services

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Other Services in Group 9971

Central banking services

Deposit services

Credit-granting services including stand-by commitment, guarantees and securities

Financial leasing services

Transfer of the right to use any goods for any purpose (whether or not for a specified period) for cash, deferred payment or other valuable consideration.

Any transfer of right in goods or of undivided share in goods without the transfer of title thereof.

Other financial services (except investment banking, insurance services and pension services)

Investment banking services

pension services

Life insurance services (excluding reinsurance services)

Accident and health insurance services

Motor vehicle insurance services

Marine, aviation, and other transport insurance services

Freight insurance services and travel insurance services

Other property insurance services

Freight insurance services and travel insurance services

Other non-life insurance services (excluding reinsurance services)

Accident and health reinsurance services

Motor vehicle reinsurance services

Marine, aviation and other transport reinsurance services

Freight reinsurance services

Other property reinsurance services

Other property reinsurance services

Other non-life reinsurance services

Services related to investment banking such as mergers and acquisition services, corporate finance and venture capital services

Brokerage and related securities and commodities services including commodity exchange services

Portfolio management services except pension funds

Trust and custody services

Services related to the administration of financial markets

Financial consultancy services

Foreign exchange services

Financial transactions processing and clearing house services

Other services auxiliary to financial services

Services auxiliary to insurance and pensions

Insurance claims adjustment services

Actuarial services

Pension fund management services

Other services auxiliary to insurance and pensions

Services of holding equity of subsidiary companies

Services of holding securities and other assets of trusts and funds and similar financial entities

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