Services auxiliary to insurance and pensions - GST - Services Code / Scheme of Classification of Services

Scheme of Classification of Services S.No. Chapter, Section, Heading or Group Service Code (Tariff) Service Description (1) (2) (3) (4) 211 Group 99716 Services auxiliary to insurance and pensions 212 997161 Services auxiliary to insurance and pensions 213 997162 Insurance claims adjustment services 214 997163 Actuarial services 215 997164 Pension fund management services 216 997169 Other services auxiliary to insurance and pensions Explanatory Notes:- Based on the Modified Version of the United Nations Central Product Classification (UNCPC) 99716 - Services auxiliary to insurance and pension 997161 - Insurance brokerage and agency services This service code includes services of selling insurance and pension products 997162 - Insurance claims adjustment services This service code includes: - services of investigating insurance claims, determining the amount of loss or damages covered by insurance policies and negotiating settlements - services of examining claims which have been investigated and authorization of payments - damage assessment services 997163 - Actuarial services This service code includes: - services of calculating insurance risks and premiums 997164 - Pension fund management services This service code includes: - pension fund management services 997169 - Other services auxiliary to insurance and pensions This service code includes: - administration of insurance and pension funds - salvage administration services - insurance and pension consultancy services