Laws of the People's Republic of China

Circular of the State Administration of Taxation on the Exemption from Business Tax for Refundable Life Insurance with a Term more than One Year Sold by the GeneralI China Life Insurance Company Limited

Guo Shui Han [2004] No. 1164

Taxation bureaus of provinces, autonomous regions, municipalities directly under the Central Government and cities specifically designated in the state plan:

According to the relevant provisions of Circular of Ministry of Finance and the Ministry of Taxation on Tax Exemption for Certain Products (caishui [1994]No. 002) and Circular on Issues Concerning the Exemption from Business tax for Returnable Life Insurance (caishui [2001]No.118), upon deliberation, the exemption from business tax for the following insurance products that are sold by GeneralI China Life Insurance co., ltd and meet tax exemption requirements is permitted.

1.

GC happy endowment insurance

2.

GC prosperous endowment insurance

3.

GC safe endowment insurance(participating with dividend)

4.

GC AP safe accident indemnity insurance

5.

GC copious endowment insurance

6.

GC happy comprehensive major medical insurance(version A)

7.

GC AP happy comprehensive major medical insurance(version A)

8.

GC happy comprehensive major medical insurance(version B)

9.

GC AP happy comprehensive medical insurance(version B)

10.

GC financial planning investment-linked insurance

11.

GC beneficial financial planning investment-linked insurance

12.

GC lucky financial planning(investment-linked)

13.

GC investment-linked AP major illness insurance

14.

GC investment-linked AP female health insurance

15.

GC investment-linked AP mother health insurance

16.

GC investment-linked AP spouse term life insurance

17.

GC investment-linked AP spouse major illness insurance

18.

GC investment-linked AP female spouse health insurance

19.

GC investment-linked female spouse mother health insurance

20.

GC investment-linked AP accident hospital indemnity medical insurance

21.

GC investment-linked hospital indemnity medical insurance

The State Administration of Taxation

October 18, 2004