Following life Insurance schemes are covered in Mega Exemption Notification and hence exempt
- Janashree Bima Yojana (JBY); or
- Aam Aadmi Bima Yojana (AABY)
- life micro-insurance product as approved by the Insurance Regulatory and Development Authority, having maximum amount of cover of 50,000
- Varishtha Pension Bima Yojna
- Pradhan Mantri Jeevan Jyoti Bima Yojna
- Pradhan Mantri Jan Dhan Yojna
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Services of life insurance business provided by way of annuity under the NPS regulated by PFRDAI is now exempt (New Amendment)
(PFRDAI :- Pension Fund Regulatory and Development Authority of India (PFRDA) under the Pension Fund Regulatory and Development Authority Act, 2013)
