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<h1>Finance Bill 2018 exempts service tax on life insurance for Coast Guard; refunds possible for 2004-2017 period.</h1> Clause 103 of the Finance Bill, 2018, exempts service tax on life insurance services provided by the Naval Group Insurance Fund to Coast Guard personnel under the Central Government's Group Insurance Schemes. This exemption applies retrospectively from September 10, 2004, to June 30, 2017. Any service tax collected during this period is eligible for a refund, provided a claim is made within six months of the Finance Bill, 2018 receiving presidential assent. Despite the omission of the relevant chapter, its provisions apply retrospectively for refund purposes.