According to the "Notice of the Ministry of Finance and the State Administration of Taxation on Policy Issues Concerning Pre-tax Deduction of Corporate Income Tax on Reserve Fund Expenditures of Insurance Companies" (Caishui [2016] No. 114): "1. Insurance security funds paid by insurance companies in accordance with the following provisions are allowed to be based on

Actual pre-tax deduction: 1. For non-investment property insurance business, it shall not exceed 0.8% of premium income; for investment-type property insurance business, if there is a guaranteed return, it shall not exceed 0.08% of the business income; if there is no guaranteed return, it shall not exceed 0.08% of the business income.

0.05% of business income. 2. For life insurance business with guaranteed income, it shall not exceed 0.15% of business income; for life insurance business without guaranteed income, it shall not exceed 0.05% of business income. 3. For short-term health insurance business, it shall not exceed premium income.

0.8%; for long-term health insurance business, it shall not exceed 0.15% of premium income. 4. For non-investment accident insurance business, it shall not exceed 0.8% of premium income; for investment accident insurance business, if there is guaranteed income, it shall not exceed business income.

0.08%, if there is no guaranteed return, it shall not exceed 0.05% of business income. Warm reminder: The above information is for reference only. Response time: 2021-11-23. Please refer to the official website of Ping An Bank for the latest business changes.