Separate life policies from life business
A life insurer’s licence does not exempt every policy it sells. Life insurance contracts are exempt, while standalone medical or accident policies generally remain taxable. Individual-policy incidental riders and group-policy components have different treatment. Brokerage and arrangement services do not inherit the life-policy exemption. General insurance is standard-rated unless a specific international-service provision supports zero-rating.
Verify the international route
Overseas coverage alone does not establish zero-rating: overseas employment, study or medical coverage can remain standard-rated for local customers. Examine contractual customer, direct beneficiary and the connection to international transport, overseas goods or land. Keep policy and residency evidence, issue correct invoices and analyse commission separately. Insurers with restricted input recovery must also assess reverse charge on imported services and relevant low-value goods.
Official source
A concise, independent Apex Gateway guide based on the official English source, not a reproduction of the complete document. Consult the original for full conditions, exceptions and subsequent updates.
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