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62 nd Annual Report

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For Khandelwal Jain & Co. For R. G. N. Price & Co.

Chartered Accountants Chartered Accountants
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For S. L. Chhajed & Co. For V. Singhi & Associates

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~r‘mH$Vm© H$m Zm‘ : ^maVr¶ OrdZ ~r‘m {ZJ‘
n§OrH$aU H$s g§»¶m 512 VWm VmarI : 01.01.2001
31 ‘mM©, 2019 VH$ H$m VwbZ-nÌ
Mmby df©
Current Year
{ddaU AZwgwMr J¡a-g§~Õ ì¶dgm¶ g§~Õ ì¶dgm¶
Particulars Schedule Non-linked Business Linked Business
^maV ‘| ^maV Ho$ ~mha ^maV ‘| ^maV Ho$ ~mha
In India Out of India In India Out of India
{Z{Y¶m| H$m ómoV SOURCES OF FUNDS
eo¶aYmaH$m| H$s {Z{Y¶m±: SHAREHOLDERS' FUNDS:
eo¶a ny±Or SHARE CAPITAL 5 10000.00 0.00 0.00 0.00
Ama{jV{Z{Y Ed§ A{Yeof

RESERVES AND SURPLUS 6 28115.27 27345.23 0.00 0.00
O‘m/(Zm‘|) ghr ‘yë¶ n[adV©Z boIm

CREDIT/(DEBIT) FAIR VALUE CHANGE ACCOUNT 0.00 2407.86 0.00 0.00
Cn-¶moJ / Sub-Total 38115.27 29753.09 0.00 0.00
CYmar BORROWINGS 7 0.00 0.00 0.00 0.00
nm°{bgrYmaH$m| H$s {Z{Y¶m± POLICYHOLDERS' FUNDS:
O‘m/(Zm‘|) ghr ‘yë¶ n[adV©Z boIm

CREDIT/(DEBIT) FAIR VALUE CHANGE ACCOUNT 21312572.25 5855.36 359418.28 0.00
nm°{bgr Xm{¶Ëd
POLICY LIABILITIES 275137790.28 293465.29 3239847.08 92.92
~§X nm°{b{g¶m| Ho$ {b¶o {Z{Y

FUNDS FOR DISCONTINUED POLICIES
àr{‘¶‘ ^wJVmZ Zm H$aZo Ho$ H$maU amoH$ XoZm

Discontinued on account of non payment of premium 0.00 0.00 3271.05 0.00
AÝ` others 0.00 0.00 1906.95 0.00
{~‘m Ama{jV{Z{Y
INSURANCE RESERVES 6A 939927.06 38416.12 0.00 18.43
g§~Õ Xm{¶Ëdm| Ho$ {bE àmdYmZ

PROVISION FOR LINKED LIABILITIES 0.00 0.00 4155103.57 5695.56
Cn-¶moJ / Sub-Total 297390289.59 337736.77 7759546.93 5806.91
^{dî¶ {d{Z¶moOZm| Ho$ {bE {Z{Y¶m±

FUNDS FOR FUTURE APPROPRIATIONS 0.00 0.00 17.29 0.00
Hw$b/ TOTAL 297428404.86 367489.86 7759564.22 5806.91
{Z{Y¶m| H$m à¶moJ / APPLICATION OF FUNDS
{Zdoe / INVESTMENTS
eo¶aYmaH$m| Ho$ / Shareholders' 8 20856.33 42805.60 0.00 0.00
nm°{bgrYmaH$m| Ho$ /Policyholders' 8A 275033684.79 321261.40 0.00 0.00
g§~Õ Xm{¶Ëd a{jV H$aZo Ho$ {bE n[agån{V¶m±

ASSETS HELD TO COVER LINKED LIABILITIES 8B 0.00 0.00 7562529.73 5607.46
158
158
62 nd Annual Report
FORM A- BS
Name of the Insurer: Life Insurance Corporation of India
Registration No. : 512 Dated 01.01.2001
(` bmImo§ _o§)
BALANCE SHEET AS AT 31ST MARCH, 2019 (` in lakhs)
Mmby df© {nN>bo df©

Current Year Previous Year
Hw$b J¡a-g§~Õ ì¶dgm¶ g§~Õ ì¶dgm¶ Hw$b
Total Non-linked Business Linked Business Total
10000.00 10000.00 0.00 0.00 0.00 10000.00
55460.50 27202.82 25474.93 0.00 0.00 52677.75
2407.86 0.00 2359.50 0.00 0.00 2359.50
67868.36 37202.82 27834.43 0.00 0.00 65037.25
0.00 0.00 0.00 0.00 0.00 0.00
21677845.89 19356098.91 5903.94 311346.49 0.00 19673349.34
278671195.57 250123339.72 276574.65 2956428.72 114.61 253356457.70
3271.05 0.00 0.00 2403.77 0.00 2403.77
1906.95 0.00 0.00 2440.57 0.00 2440.57
978361.61 941003.92 28773.50 0.00 19.87 969797.29
4160799.13 0.00 0.00 5086812.90 5214.37 5092027.27
305493380.20 270420442.55 311252.09 8359432.45 5348.85 279096475.94
17.29 0.00 0.00 7.79 0.00 7.79
305561265.85 270457645.37 339086.52 8359440.24 5348.85 279161520.98
63661.93 20867.65 37712.10 0.00 0.00 58579.75
275354946.19 251262194.89 292761.82 0.00 0.00 251554956.71
7568137.19 0.00 0.00 8808227.66 5130.67 8813358.33
159
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31 ‘mM©, 2019 VH$ H$m VwbZ-nÌ
Mmby df©
Current Year
{ddaU AZwgwMr J¡a-g§~Õ ì¶dgm¶ g§~Õ ì¶dgm¶
Particulars Schedule Non-linked Business Linked Business
F$U / LOANS 9 10412341.20 18436.53 1477.29 0.00
AMb n[agån{Îm¶m± FIXED ASSETS 10 286813.89 1586.19 0.00 0.00
Mmby n[agån{Îm¶m± CURRENT ASSETS
amoH$‹S> Ed§ ~¢H$ ‘| A{Veof Cash and Bank Balances 11 4212234.02 5433.59 144.97 0.00
A{J«_ Ed§ AÝ` n[agån{Îm¶m± Advances and Other Assets 12 13182026.96 4344.47 69476.37 0.00
Cn-¶moJ (H$) Sub-Total (A) 17394260.98 9778.06 69621.34 0.00
Mmby Xm{¶Ëd CURRENT LIABILITIES 13 3959521.81 26043.30 (125935.86) (199.45)
àmdYmZ PROVISIONS 14 1760030.52 334.62 0.00 0.00
Cn-¶moJ /Sub-Total (B) 5719552.33 26377.92 (125935.86) (199.45)
ewÕ Mmby n[agån{Îm¶m± J), (H - I)

NET CURRENT ASSETS (C) = (A - B)
11674708.65 (16599.86) 195557.20 199.45
{d{dY ì¶¶ (Omo~QQo ImVo ‘| Z S>mbo JE hmo ¶m g‘m¶mo{OV Z {H ò Jò hm|)

MISCELLANEOUS EXPENDITURE
P N I¢ Q 15 0.00 0.00 0.00 0.00
bm^-hm{Z boIm ‘| Zm‘| eof (eo¶aYmaH$m| H$m ImVm)

DEBIT BALANCE IN PROFIT & LOSS ACCOUNT (Shareholders'
Account) 0.00 0.00 0.00 0.00
Hw$b / Total 297428404.86 367489.86 7759564.22 5806.91
Contingent Liabilities (AmH$pñ_H$ Xo`VmE§) 15 A (B) 1.
‘hÎdnyU© boIZr{V¶m± VWm boImo H$r {Q>ßn{U¶m± 15 H$

, :% 15A
Cn`w©º$ AZwgwM`m± Ed§ ZmoQg Qy AH$mC§Q VwbZnÌ Ho$ A{^Þ A§J h¡.
Schedules referred to above and the Notes to the Accounts are
integeral part of Balance Sheet.
h_mar Cg VmarI dmbr {anmoQ© Ho$ AZwgma

IÊS>odmb O¡Z E§S> H§$. Ho$ {bE Ama. Or. EZ. n«mB©g E§S> H§$. Ho$ {bE EEgE E§S> Agmo{g¶Q²>g EbEbnr Ho$ {bE
For Khandelwal Jain & Co. For R. G. N. Price & Co. For ASA & Associates LLP
Chartered Accountants Chartered Accountants Chartered Accountants
F.R.N. / 105049W F.R.N/002785S F.R.N./009571N/N500006
e¡boe emh (nmQ>©Za) E. Ama. nmW©gmaWr (nmQ>©Za) àdrU Hw$‘ma (nmQ>©Za)
Shailesh Shah (Partner) A. R. Parthasarathy (Partner) Parveen Kumar (Partner)
g.H«$./M.No.033632 g.H«$./ M.No. 205702 g.H«$./M.No. 088810
Eg Ho$ H$nya E§S H§$ Ho$ {bE Eg. Eb. NmOoμS E§S> H§$. Ho$ {bE dr. qgKr E§S> Agmo{gEQ²>g Ho$ {bE
For S.K. Kapoor & Co. For S. L. Chhajed & Co. For V. Singhi & Associates
Chartered Accountants Chartered Accountants Chartered Accountants
F.R.N./000745C F.R.N./000709C F.R.N./311017E
dr. ~r. qgK (nmQ>©Za) Eg. EZ. e_m© (nmQ>©Za) A{ZéÕm goZJwám (nmQ>©Za)
V. B. Singh (Partner) S. N. Sharma (Partner) Aniruddha Sengupta (Partner)
g.H«$./M.No. 073124 g.H«$./ M.No. 071224 g.H«$. M.No.051371
E~rE_ E§S> Agmo{gEQ²>g Eb Eb nr. Ho$ {bE ~r Jwám E§S> H§$ Ho$ {bE C‘m‘hoída amd E§S> H§$. Ho$ {bE MVwo©doXr E§S emh Eb Eb nr. Ho$ {bE
For abm & associates LLP For B Gupta & Co. For Umamaheswara Rao & Co. For Chaturvedi & Shah
Chartered Accountants Chartered Accountants Chartered Accountants Chartered Accountants LLP
F.R.N./105016W/W-100015 F.R.N./000933C F.R.N./004453S F.R.N./101720W/W100355
A{œZ ~r. _moMo© (nmQ>©Za) Eg nr {gÝhm (nmQ>©Za) H¥ îUm gmB© Or. EM (nmQ>©Za) {dO¶ Znmdm{b¶m (nmQ>©Za)
Ashwin B. Morche (Partner) S.P. Sinha (Partner) Krishna Sai G. H. ( Partner ) @¢%P Q
g.H«$./ M.No. 104126 g.H«$. M.No. 014854 g.H«$./M.No. 233399 g.H«$./M.No. 109859
‘w§~B©… 14 OyZ, 2019 gZXr boImH$ma
Mumbai: 14th June, 2019 CHARTERED ACCOUNTANTS
160
160
62 nd Annual Report
FORM A- BS
BALANCE SHEET AS AT 31ST MARCH, 2019

10432255.02 10257559.02 15678.34 1742.97 0.00 10274980.33
288400.08 273467.44 1418.71 0.00 0.00 274886.15
4217812.58 2255348.21 10604.73 2100.11 0.00 2268053.05
13255847.80 11181001.26 5137.51 67995.59 0.00 11254134.36
17473660.38 13436349.47 15742.24 70095.70 0.00 13522187.41
3859429.80 3073533.11 23938.83 520626.09 (218.18) 3617879.85
1760365.14 1719259.99 287.86 0.00 0.00 1719547.85
5619794.94 4792793.10 24226.69 520626.09 (218.18) 5337427.70
11853865.44 8643556.37 (8484.45) (450530.39) 218.18 8184759.71
0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00
305561265.85 270457645.37 339086.52 8359440.24 5348.85 279161520.98
E_. Ama. Hw$_ma AÜ¶j

M. R. Kumar Chairman
Qr. gr gwerb H$w_ma à~§Y {ZXoeH$

T. C. Suseel Kumar Managing Director
ho_§V ämmJ©d
}
Hemant Bhargava
{ZJ‘ Ho$ gXñ¶
Members of the Corporation
E{bg Or d¡X`Z
Alice G. Vaidayan
ew^m§Jr g§. gmo_U n«_wI ({dÎm Ed§ boIm)

Shubhangi S. Soman Chief (F&A)
{XZoe n§V {Z¶wº$ ~r‘m§H$H$

Dinesh Pant Appointed Actuary
161
’$m°‘© E-AmaE
31 ‘mM© 2019 H$mo g‘má df© Ho$ {bE amOñd ImVm
REVENUE ACCOUNT FOR THE YEAR ENDED 31ST MARCH, 2019
^maV _o§ {H$ò JE ì`dgm` Ho$ g§~§Y _o§ / IN RESPECT OF BUSINESS IN INDIA
{ddaU AZwgwMr J¡a-g§~Õ ì¶dgm¶

Particulars Schedule Non-Linked Business
OrdZ ì`dgm` noÝeZ ì`dgm`

Life Business Pension Business
gh^mJr J¡a-gh^mJr gh^mJr J¡a-gh^mJr
Participating Non-Participating Participating Non-Participating
A{O©V ewÕ àr{‘¶‘ Premiums earned - net
(H$) {à{‘¶‘
(a) Premium 1 21941276.53 4350960.13 71137.26 4357142.58
(I) nwZ~u‘m A§VaU

(b) Reinsurance ceded (10945.81) (14242.02) (17.38) 0.00
(J) nwZ~u‘m ñdrH$ma

(c) Reinsurance accepted 0.00 0.00 0.00 0.00
Cn-¶moJ / Sub-Total 21930330.72 4336718.11 71119.88 4357142.58
{Zdoe go Am¶/ Income from Investments

(H$) ã¶mO, bm^m§e Ed§ {H$am¶m, Hw$b
(a) Interest, Dividends & Rent - Gross 14136593.90 1827506.64 217567.97 2284033.76
(I) {Zdoe Hr {~H«$s / ‘moMZ na bm^

PQ \
2238263.96 130461.65 1614.83 86190.53
(J) ({Zdoe Hr {dH«$s / ‘moMZ na hm{Z)

(c) (Loss on sale/redemption of investments) (135892.50) (13607.82) (1373.12) (30940.82)
(K) nwZ‘y©ë¶mH§$Z/ghr ‘yë¶ n[adV©Z na A§VaU/bm^*

(d) Transfer/Gain on revaluation/change in fair value* 0.00 0.00 0.00 0.00
(L>) AÝ¶ Am¶ (e) Other Income

(i) am{e¶m± Amounts written back 6413.19 (35.21) (2.71) 0.00
(ii) ‹’w$Q>H$a àm{á¶m± Sundry Receipts 29866.65 41729.07 0.14 6224.08
Hw$b (H$) TOTAL (A) 38205575.92 6322772.44 288926.99 6702650.13
H$‘reZ Commission 2 1877328.94 10347.28 1536.80 2.33
~r‘m ì¶dgm¶ go g§~§{YV n[aMmbZ IM©

Operating Expenses related to Insurance Business 3 2730304.29 87349.57 6584.67 5287.67
{QßnUr … CnamoŠV AmH$Smo§ _o§ g§~Û ì`dgm` _o§ J¡a-gh^mJr `moOZmE§ h¡, O¡go ~r_m ßbg, â`yMa ßbg, OrdZ ßbg, _Zr ßbg, _mHo$©Q ßbg, \ m°À`w©Z ßbg, n«m°{\ Q ßbg, _Zr ßbg-1,_mH©o$Q ßbg-1,
MmB©ëS \ m°À`wZ ßbg, OrdZ gmWr ßbg, doëW ßbg, noÝeZ ßbg, EÝSmo_oÝQ ßbg, g_¥pÜX ßbg, âboŠgr ßbg, hoëW ßbg, hoëW n«moQoŠeZ ßbg, J¡MwQr ßbg, Ý`y EÝSmo_oÝQ ßbg VWm gwna A°Ý`wEeZ
ßbg&
% [ &' &' +
4 #+ #- #? #< #<' #
- # #< 2#<' 2#- #? , #A # #" #, #- N #(
Plus, Health Protection Plus, New Endowment Plus, Gratuity Plus and Superannuation Plus
162
162
62 nd Annual Report
FORM A- RA
nm°{b{gYmaH$mo§ H$m boIm (VH$ZrH$r boIm)

Policyholders’ Account (Technical Account)
(` bmImo§ _o§)
(` in lakhs)
J¡a-g§~Õ ì¶dgm¶ g§~Õ ì¶dgm¶ Hw$b (Mmby df©)
Non-Linked Business Linked Business Total (Current Year)
dm{f©H$r ì`dgm` hoëW ì`dgm` J¡a-g§~Õ ì¶dgm¶ Hw$b (Mmby df©)
Annuity Business Health Business Non-Linked Total (Current Year)
gh^mJr J¡a-gh^mJr J¡a-gh^mJr gh^mJr J¡a-gh^mJr J¡a-gh^mJr gh^mJr J¡a-gh^mJr
Participating Non-Participating Non-Participating Participating Non-Participating Non-Participating Participating Non-Participating
512900.69 2368929.69 29783.61 22525314.48 11106816.01 80627.34 22525314.48 11187443.35
0.00 0.00 (5437.00) (10963.19) (19679.02) (1270.65) (10963.19) (20949.67)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
512900.69 2368929.69 24346.61 22514351.29 11087136.99 79356.69 22514351.29 11166493.68
287316.73 596921.88 2461.26 14641478.60 4710923.54 414426.64 14641478.60 5125350.18
39874.63 29493.41 1.19 2279753.42 246146.78 467977.97 2279753.42 714124.75
(1102.39) (2797.56) (6.26) (138368.01) (47352.46) (441128.30) (138368.01) (488480.76)
0.00 0.00 0.00 0.00 0.00 115785.88 0.00 115785.88
(1.42) (5.27) 0.00 6409.06 (40.48) 0.00 6409.06 (40.48)

0.66 0.19 1.69 29867.45 47955.03 7.46 29867.45 47962.49
838988.90 2992542.34 26804.49 39333491.81 16044769.40 636426.34 39333491.81 16681195.74
9.75 32763.11 4556.96 1878875.49 47669.68 2163.09 1878875.49 49832.77
5559.87 44928.29 12600.17 2742448.83 150165.70 21524.87 2742448.83 171690.57
163


AÝ` ì`` … {d{Z`_ Other Expenses: Exchange 29.72 0.00 0.00 0.00
{Z{Y n«~§YZ n«^ma Ed§ AÝ` n«^ma na godm H$a/dñVw Ed§ godm H$a
Service Tax /GST on Fund Management charges & other
charges 0.00 0.00 0.00 0.00
g§{X½Y F$Umo§ Ho$ {bE n«mdYmZ
Provisions for Doubtful debts
343912.44 49.43 20.72 (2.99)
H$amYmZ Ho$ {bE n«mdYmZ Provisions for taxation 770961.57 0.00 0.00 0.00
n«mdYmZ (H$amYmZ Ho$ A{V{aŠV)
Provisions (other than taxation)
(H$) {Zdoe Ho$ _yë` (ewÕ) _o§ H$_r Ho$ {bE

(a) For diminution in the value of investments (Net) 131170.41 0.00 (0.18) (373.70)
(I) Amdí`H$ emoYj_Vm gr_m Ho$ {bE n«mdYmZ

(b) Provision for Required Solvency Margin 0.00 0.00 0.00 0.00
(J) AÝ` (c) Others 39412.19 171675.71 (722.78) 9901.37
Hw$b (I)/ TOTAL (B) 5893119.56 269421.99 7419.23 14814.68
AXm {H$`m J`m bm^ (ewÕ)

+ P% Q 4 14916124.45 3422320.34 181651.71 4041263.67
AXm {H$`m J`m A§V{a_ ~moZg

Interim Bonuses Paid 164907.07 0.00 23.97 0.00
OrdZ nm°{b{g`mo§ Ho$ g~§Õ _o§ Xm{`Ëd _yë`m§H$Z _o§ n{adV©Z

Change in valuation of liability in respect of life policies
(H$) Hw$b** (a) Gross** 16965699.92 2631030.11 99832.08 2646571.78
(I) nwZ~r©_m _o§ A§V{aV am{e

(b) Amount ceded in Reinsurance 0.00 0.00 0.00 0.00
(J) nwZ~r©_m _o§ ñdrH¥$V am{e

(c) Amount accepted in Reinsurance 0.00 0.00 0.00 0.00
g~§Õ Xo`VmAmo§ Ho$ n«mdYmZ _o§ A§VaU

Transfer to provision for Linked Liabilities 0.00 0.00 0.00 0.00
^{dî` Ho$ {d{Z`moOZ {Z{Y`mo§ _o§ A§VaU

Transfer to Funds for Future Appropriations 0.00 0.00 0.00 0.00
~§X H$aZo {Z{Y`mo§ H$mo A§VaU

Transfer to Funds for Discontinued Fund
Hw$b (J)/TOTAL (C) 32046731.44 6053350.45 281507.76 6687835.45
A{Yeof/(KmQm) (K)=(H$)-(I)-(J)
SURPLUS/(DEFICIT) (D) = (A)-(B)-(C) 265724.92 0.00 0.00 0.00
{d{Z`moOZ/APPROPRIATIONS
eoàYmaH$mo§ Ho$ boIm _o§ A§VaU
Transfer to Shareholders' Account
265724.92 0.00 0.00 0.00
AÝ` Ama{jV {Z{Y`mo§ _o§ A§VaU$
Transfer to Other Reserves
0.00 0.00 0.00 0.00
^{dî` Ho$ {d{Z`moOZ {Z{Y`mo§ H$mo A§VaU
Balance being Funds for Future Appropriations
0.00 0.00 0.00 0.00
Hw$b (K)/TOTAL (D) 265724.92 0.00 0.00 0.00
164
164
62 nd Annual Report


dm{f©H$r ì`dgm` hobW ì`dgm` J¡a-g§~Õ ì¶dgm¶
Annuity Business Health Business Non-Linked Business
0.00 0.00 0.00 29.72 0.00 0.00 29.72 0.00
0.00 0.00 0.00 0.00 0.00 10978.11 0.00 10978.11
(3.39) (1.33) 0.00 343929.77 45.11 3173.00 343929.77 3218.11

0.00 0.00 0.00 770961.57 0.00 0.00 770961.57 0.00
0.00 0.00 0.00 131170.23 (373.70) 3288.09 131170.23 2914.39
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

(95.89) 590.45 8.00 38593.52 182175.53 0.00 38593.52 182175.53
5470.34 78280.52 17165.13 5906009.13 379682.32 41127.16 5906009.13 420809.48
310619.13 773744.40 1739.54 15408395.29 8239067.95 1242989.38 15408395.29 9482057.33
0.00 0.00 0.00 164931.04 0.00 0.00 164931.04 0.00
522899.43 2140517.42 7899.82 17588431.43 7426019.13 283418.36 17588431.43 7709437.49
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 (931709.33) 0.00 (931709.33)
0.00 0.00 0.00 0.00 0.00 9.50 0.00 9.50
591.27 0.00 591.27

833518.56 2914261.82 9639.36 33161757.76 15665087.08 595299.18 33161757.76 16260386.26
0.00 0.00 0.00 265724.92 0.00 0.00 265724.92 0.00
0.00 0.00 0.00 265724.92 0.00 0.00 265724.92 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 265724.92 0.00 0.00 265724.92 0.00
165
(` bmImo§ _o§)
166
df© Ho$ Xm¡amZ Hw$b A{Yeof OrdZ ì`dgm` noÝeZ ì`dgm` dm{f©H$r ì`dgm` hobW ì`dgm` J¡a-g§~Õ ì¶dgm¶ Hw$b
(Mmby df©)
gh^mJr J¡a-gh^mJr gh^mJr J¡a-gh^mJr gh^mJr J¡a-gh^mJr J¡a-gh^mJr gh^mJr J¡a-gh^mJr
(H$) A§V[a‘ ~moZg 164907.07 0.00 23.97 0.00 0.00 0.00 0.00 164931.04 0.00
(I) nm°{b{gYmaH$m| H$mo ~moZg H$m Am~§Q>Z : 5030156.63 0.00 18467.80 0.00 149.11 0.00 0.00 5048773.54 0.00
(J) amOñd boIm ‘| Xem©¶m J¶m A{Yeof 265724.92 0.00 0.00 0.00 0.00 0.00 0.00 265724.92 0.00
(K) Hy$b A{Yeof (H$+I+J): 5460788.62 0.00 18491.77 0.00 149.11 0.00 0.00 5479429.50 0.00
* àm{YH$aU Ûmam {d{Z{X©ï ‘mZXÊS>mo Ho$ AZwgma ‘mZm hþAm àmß¶ bm^ Xem©Vm h¡&
** ~moZg Am~§Q>Z Ho$ ~mX J{UVr¶ Ama{jV {Z{Y Xem©Vm h¡&
O¡gm {H$ ~r‘m A{Y{Z¶‘ 1938 {H$ Ymam 40-I (4) Ho$ AZwgma dm§{YV h¡, h‘ à‘m{UV H$aVo h¡ {H$ h‘mar gdm}Îm‘ OmZH$mar Am¡a {dídmg Ho$ AZwgma VWm h‘o§ hr Xr JB© gyMZm Am¡a ñdrH$aU Ho$ AZwgma Am¡a O¡gm {H$ h‘| {ZJ‘ {H$ ImVm
~m{h¶m| Ho$ narjU go bJmVm h¡&
(H$) {ZJ‘ Ûmam g§nm{XV OrdZ ~r‘m ì¶dgm¶ go g§~§{YV g^r à~ÝY ì¶¶ amOñd ImVo ‘| - gh^mJr / J¡a-gh^mJr nyar Vah ì¶d¶º$ Zm‘o {H$E h¡&
(I) {Z‘JÛmam g§nm{XV VWm g§~Õ ì¶dgm¶ VWm Ag§~Õ ì¶dgm¶ go g§~§{YV g‘ñV à^ma, g§~§{YV amOñd ImVm| ‘| nyar Vah Zm‘| {H$E J¶E h¡&
Cna{b{IV AZwgy{M¶m± amOñd boIm Ho$ A§J^yV ^mJ h¡&
166
(` in lakhs)
Total Surplus during the year Life Business Pension Business Annuity Business Health Non-Linked Total
Business
Participating Non- Participating Non- Participating Non- Non- Participating Non-
Participating Participating Participating Participating Participating
(a) Interim Bonus: 164907.07 0.00 23.97 0.00 0.00 0.00 0.00 164931.04 0.00
(b) Allocation of Bonus to Policyholders: 5030156.63 0.00 18467.80 0.00 149.11 0.00 0.00 5048773.54 0.00
(c) Surplus shown in the Revenue accounts: 265724.92 0.00 0.00 0.00 0.00 0.00 0.00 265724.92 0.00
62 nd Annual Report
(d) Total Surplus [a+b+c]: 5460788.62 0.00 18491.77 0.00 149.11 0.00 0.00 5479429.50 0.00
!

** Represents Mathematical Reserves after allocation of bonus.
As required by Section 40-B(4) of the Insurance Act, 1938 we certify that to the best of our knowledge and belief and according to the information and explanations given to us and so far as appears from our
examination of the Corporation's books of accounts
(a) all expenses of management in respect of life insurance business transacted by the Corporation have been fully debited to the Revenue Account- Participating/Non-Participating as expenses.
(b) all charges incurred in respect of the Life Insurance Business transacted by the Corporation in respect of Non-Linked and Linked Business have been fully debited by the Corporation in the respective
Revenue Accounts.
The Schedules referred to above form an integral part of the Revenue Account.
167
’$m°‘© E-AmaE


(H$) {à{‘¶‘
(a) Premium 1 20706192.08 3226303.45 76304.95 5013300.67


Cn-¶moJ / Sub-Total 20689600.57 3210200.91 76279.52 5013300.67


PQ \
1881496.58 122569.65 456.49 75394.79
(J) ({Zdoe Hr {dH«$s / ‘moMZ na hm{Z)



(i) ~Å>o ImVo ‘| S>mbr am{e¶m± Amounts written back 4956.63 (5.94) (9.36) 0.00
Hw$b (H$) TOTAL (A) 35635832.08 4956620.45 287845.72 7118327.96
H$‘reZ Commission 2 1767336.11 9681.72 1413.19 4.85

ßbg &
% [ &' &' +
4 #+ #- #? #< #<' #
- # #< 2#<' 2#- #? , #A # #" #, #- N #(
168
168
62 nd Annual Report
FORM A- RA

(` bmImo§ _o§)
(` in lakhs)
dm{f©H$r ì`dgm` hobW ì`dgm` J¡a-g§~Õ ì¶dgm¶ Hw$b (Mmby df©)
501935.22 2153302.01 23501.02 21284432.25 10416407.15 88438.43 21284432.25 10504845.58
0.00 0.00 (3202.06) (16616.94) (19304.60) (1269.36) (16616.94) (20573.96)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
501935.22 2153302.01 20298.96 21267815.31 10397102.55 87169.07 21267815.31 10484271.62
246678.56 480995.12 1744.02 13576276.29 4141036.56 472200.96 13576276.29 4613237.52
28270.51 22503.12 0.40 1910223.58 220467.96 720610.64 1910223.58 941078.60
(1039.67) (2315.76) (6.21) (99467.54) (42631.91) (47279.04) (99467.54) (89910.95)
0.00 0.00 0.00 0.00 0.00 (383964.38) 0.00 (383964.38)
(0.08) (0.06) 0.00 4947.19 (6.00) 0.00 4947.19 (6.00)

0.21 0.01 0.05 39727.72 35500.91 8.12 39727.72 35509.03
775844.75 2654484.44 22037.22 36699522.55 14751470.07 848745.37 36699522.55 15600215.44
11.10 36111.05 3570.40 1768760.40 49368.02 2406.44 1768760.40 51774.46
4492.28 45213.37 10765.70 2836157.65 152332.90 21931.53 2836157.65 174264.43
169


charges 0.00 0.00 0.00 0.00
274530.15 (4.59) (96.06) (2.99)

(a) For diminution in the value of investments (Net) 632.45 0.00 0.03 49.79

(J) AÝ` (c) Others 240993.46 68488.35 6477.24 40925.80
Hw$b (I)/ TOTAL (B) 5849496.65 168433.74 15038.71 47063.02

+ P% Q 4 12095516.77 2688340.13 162707.68 2367432.83


(H$) Hw$b** (a) Gross** 17293636.43 2099846.58 110076.45 4703832.11





Hw$b (J)/TOTAL (C) 29544441.03 4788186.71 272807.01 7071264.94
241894.40 0.00 0.00 0.00
0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
Hw$b (K)/TOTAL (D) 241894.40 0.00 0.00 0.00
170
170
62 nd Annual Report


dm{f©H$r ì`dgm` hobW ì`dgm` J¡a-g§~Õ ì¶dgm¶ Hw$b (Mmby df©)
0.00 0.00 0.00 5.93 0.00 0.00 5.93 0.00
0.00 0.00 0.00 0.00 0.00 19371.18 0.00 19371.18
19.15 121.70 0.00 274453.24 114.12 123.27 274453.24 237.39

0.00 0.00 0.00 741577.49 0.00 0.00 741577.49 0.00
0.00 0.00 0.00 632.48 49.79 923.44 632.48 973.23
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

3823.93 3438.78 0.00 251294.63 112852.93 0.00 251294.63 112852.93
8346.46 84884.90 14336.10 5872881.82 314717.76 44755.86 5872881.82 359473.62
269381.48 585525.70 1747.43 12527605.93 5643046.09 1452446.74 12527605.93 7095492.83
0.00 0.00 0.00 155310.71 0.00 0.00 155310.71 0.00
498116.81 1984073.84 5953.69 17901829.69 8793706.22 311236.89 17901829.69 9104943.11
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 (959857.27) 0.00 (959857.27)
0.00 0.00 0.00 0.00 0.00 4.52 0.00 4.52
158.63 0.00 158.63

767498.29 2569599.54 7701.12 30584746.33 14436752.31 803989.51 30584746.33 15240741.82
0.00 0.00 0.00 241894.40 0.00 0.00 241894.40 0.00
0.00 0.00 0.00 241894.40 0.00 0.00 241894.40 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 241894.40 0.00 0.00 241894.40 0.00
171
(` bmImo§ _o§)
172

(H$) A§V[a‘ ~moZg 155287.83 0.00 22.88 0.00 0.00 0.00 0.00 155310.71 0.00
(K) Hy$b A{Yeof (H$+I+J): 4974917.21 0.00 18128.76 0.00 152.78 0.00 0.00 4993198.75 0.00
O¡gm {H$ ~r‘m A{Y{Z¶‘ 1938 {H$ Ymam 40-I (4) Ho$ AZwgma dm§{NV h¡, h‘ à‘m{UV H$aVo h¡ {H$ h‘mar gdm}Îm‘ OmZH$mar Am¡a {dídmg Ho$ AZwgma VWm h‘o§ hr Xr JB© gyMZm Am¡a ñdrH$aU Ho$ AZwgma Am¡a O¡gm {H$ h‘| {ZJ‘ {H$ ImVm
(I) {Z‘JÛmam g§nm{XV g§~Õ ì¶dgm¶ VWm Ag§~Õ ì¶dgm¶ go g§~§{YV g‘ñV à^ma, g§~§{YV amOñd ImVm| ‘| nyar Vah Zm‘| {H$E J¶E h¡&
(` in lakhs)
Business
(a) Interim Bonus: 155287.83 0.00 22.88 0.00 0.00 0.00 0.00 155310.71 0.00
!

Revenue Accounts.
172
62 nd Annual Report
h‘mar Cg VmarI dmbr [anmoQ>© Ho$ AZwgma

IÊS>odmb O¡Z E§S> H§$. Ho$ {bE Ama. Or. EZ. n«mB©g E§S> H§$. Ho$ {bE E_. Ama. Hw$_ma AÜ¶j
For Khandelwal Jain & Co. For R. G. N. Price & Co. M. R. Kumar Chairman
F.R.N. / 105049W F.R.N/002785S
e¡boe emh (nmQ>©Za) E. Ama. nmW©gmaWr (nmQ>©Za)
Shailesh Shah (Partner) A. R. Parthasarathy (Partner)
g.H«$./M.No.033632 g.H«$./ M.No. 205702
EEgE E§S Agmo{g¶Q²>g EbEbnr Ho$ {bE Eg Ho$ H$nya E§S H§$ Ho$ {bE Qr. gr gwerb H$w_ma à~§Y {ZXoeH$
For ASA & Associates LLP For S.K. Kapoor & Co. T. C. Suseel Kumar Managing Director
F.R.N./009571N/N500006 F.R.N./000745C
àdrU Hw$‘ma (nmQ>©Za) dr. ~r. qgK (nmQ>©Za)
Parveen Kumar (Partner) V. B. Singh (Partner)
g.H«$./M.No. 088810 g.H«$./M.No. 073124
}
Eg. Eb. NmOoμS E§S> H§$. Ho$ {bE dr. qgKr E§S> Agmo{gEQ²>g Ho$ {bE ho_§V ämmJ©d
For S. L. Chhajed & Co. For V. Singhi & Associates Hemant Bhargava
F.R.N./000709C F.R.N./311017E {ZJ‘ Ho$ gXñ¶
Eg. EZ. e_m© (nmQ>©Za) A{ZéÕm goZJwám (nmQ>©Za) Members of the Corporation
S. N. Sharma (Partner) Aniruddha Sengupta (Partner)
E{bg Or d¡X`Z
g.H«$./ M.No. 071224 g.H«$. M.No.051371 Alice G. Vaidayan
E~rE_ E§S> Agmo{gEQ²>g Eb Eb nr Ho$ {bE ~r Jwám E§S> H§$ Ho$ {bE
Chartered Accountants Chartered Accountants ew^m§Jr g§. gmo_U n«_wI ({dÎm Ed§ boIm)
F.R.N./105016W/W-100015 F.R.N./000933C Shubhangi S. Soman Chief (F&A)
A{œZ ~r. _moMo© (nmQ>©Za) Eg nr {gÝhm (nmQ>©Za)
Ashwin B. Morche (Partner) S.P. Sinha (Partner)
g.H«$./ M.No. 104126 g.H«$. M.No. 014854
C‘m‘hoída amd E§S> H§$. Ho$ {bE MVwo©doXr E§S emh Eb Eb nr Ho$ {bE {XZoe n§V {Z¶wº$ ~r‘m§H$H$
For Umamaheswara Rao & Co. For Chaturvedi & Shah LLP Dinesh Pant Appointed Actuary
F.R.N./004453S F.R.N./101720W/W100355
H¥ îUm gmB© Or. EM (nmQ>©Za) {dO¶ Znmdm{b¶m (nmQ>©Za)
Krishna Sai G. H. ( Partner ) @¢%P Q
g.H«$./M.No. 233399 g.H«$./M.No. 109859
gZXr boImH$ma
CHARTERED ACCOUNTANTS
‘w§~B©… 14 OyZ, 2019

Mumbai: 14th June, 2019
173
’$m°‘© E-AmaE
^maV Ho$ ~mha {H$ò JE ì`dgm` Ho$ g§~§Y _o§ / IN RESPECT OF BUSINESS OUT OF INDIA


(H$) {à{‘¶‘
(a) Premium 1 35643.58 1383.32 0.00 0.00

(b) Reinsurance ceded (54.60) 0.00 0.00 0.00

Cn-¶moJ / Sub-Total 35588.98 1383.32 0.00 0.00

(I) {Zdoe H r {~H«$s / ‘moMZ na bm^

PQ \
1689.12 0.00 0.00 0.00
(J) {Zdoe H r {dH«$s / ‘moMZ na hm{Z

(c) (Loss on sale/redemption of investments) (734.78) 0.00 0.00 0.00


(i) ~Å>o ImVo ‘| S>mbr am{e¶m± Amounts written back (17.97) 0.00 0.00 0.00
Hw$b (H$) TOTAL (A) 61388.67 1399.84 0.00 0.00
H$‘reZ Commission 2 2384.64 26.48 0.00 0.00

ßbg &
% [ &' &' +
4 #+ #- #? #< #<' #
- # #< 2#<' 2#- #? , #A # #" #, #- N #(
174
174
62 nd Annual Report
FORM A- RA

(` bmImo§ _o§)
(` in lakhs)
0.00 0.00 0.00 35643.58 1383.32 722.38 35643.58 2105.70
0.00 0.00 0.00 (54.60) 0.00 0.00 (54.60) 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 35588.98 1383.32 722.38 35588.98 2105.70
0.00 0.00 0.00 22363.18 16.52 151.95 22363.18 168.47
0.00 0.00 0.00 1689.12 0.00 95.92 1689.12 95.92
0.00 0.00 0.00 (734.78) 0.00 (68.02) (734.78) (68.02)
0.00 0.00 0.00 2476.41 0.00 139.17 2476.41 139.17
0.00 0.00 0.00 (17.97) 0.00 0.00 (17.97) 0.00

0.00 0.00 0.00 23.73 0.00 (78.08) 23.73 (78.08)
0.00 0.00 0.00 61388.67 1399.84 963.32 61388.67 2363.16
0.00 0.00 0.00 2384.64 26.48 0.00 2384.64 26.48
0.00 0.00 0.00 4059.36 2.91 0.01 4059.36 2.92
175


charges 0.00 0.00 0.00 0.00
1.60 0.00 0.00 0.00


(J) AÝ` (c) Others 51.10 0.00 0.00 0.00
Hw$b (I)/ TOTAL (B) 7709.57 29.39 0.00 0.00

+ P% Q 4 37528.37 9.90 0.00 0.00


(H$) Hw$b** (a) Gross** 15610.17 1360.55 0.00 0.00





Hw$b (J)/TOTAL (C) 53344.48 1370.45 0.00 0.00
334.62 0.00 0.00 0.00
0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
Hw$b (K)/TOTAL (D) 334.62 0.00 0.00 0.00
176
176
62 nd Annual Report


0.00 0.00 0.00 0.17 0.00 79.10 0.17 79.10
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 1.60 0.00 0.00 1.60 0.00

0.00 0.00 0.00 1212.70 0.00 9.51 1212.70 9.51
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 51.10 0.00 0.00 51.10 0.00
0.00 0.00 0.00 7709.57 29.39 88.62 7709.57 118.01
0.00 80.08 0.00 37528.37 89.98 415.20 37528.37 505.18
0.00 0.00 0.00 205.94 0.00 0.00 205.94 0.00
0.00 (80.08) 0.00 15610.17 1280.47 (21.69) 15610.17 1258.78
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 481.19 0.00 481.19
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00
0.00 0.00 0.00 53344.48 1370.45 874.70 53344.48 2245.15
0.00 0.00 0.00 334.62 0.00 0.00 334.62 0.00
0.00 0.00 0.00 334.62 0.00 0.00 334.62 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 334.62 0.00 0.00 334.62 0.00
177
(` bmImo§ _o§)
178
(H$) A§V[a‘ ~moZg 205.94 0.00 0.00 0.00 0.00 0.00 0.00 205.94 0.00
(K) Hy$b A{Yeof (H$+I+J): 6898.40 0.00 0.00 0.00 0.00 0.00 0.00 6898.40 0.00
178
(` in lakhs)
Business
(a) Interim Bonus: 205.94 0.00 0.00 0.00 0.00 0.00 0.00 205.94 0.00
62 nd Annual Report
!

Revenue Accounts.
179
’$m°‘© E-AmaE


(H$) {à{‘¶‘
(a) Premium 1 32416.71 89.20 0.00 0.00

(b) Reinsurance ceded (30.79) 0.00 0.00 0.00

Cn-¶moJ / Sub-Total 32385.92 89.20 0.00 0.00


PQ \
1396.85 0.00 0.00 0.00
(J) ({Zdoe H r {dH«$s / ‘moMZ na hm{Z)

(c) (Loss on sale/redemption of investments) (188.31) 0.00 0.00 0.00


(i) ~Å>o ImVo ‘| S>mbr am{e¶m± Amounts written back (33.15) 0.00 0.00 0.00
Hw$b (H$) TOTAL (A) 60700.61 108.77 0.00 0.00
H$‘reZ Commission 2 2145.70 1.31 0.00 0.00

ßbg &
% [ &' &' +
4 #+ #- #? #< #<' #
- # #< 2#<' 2#- #? , #A # #" #, #- N #(
180
180
62 nd Annual Report
FORM A- RA

(` bmImo§ _o§)
(` in lakhs)
0.00 0.00 0.00 32416.71 89.20 536.82 32416.71 626.02
0.00 0.00 0.00 (30.79) 0.00 0.00 (30.79) 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 32385.92 89.20 536.82 32385.92 626.02
0.00 0.00 0.00 19934.39 19.57 131.53 19934.39 151.10
0.00 0.00 0.00 1396.85 0.00 100.89 1396.85 100.89
0.00 0.00 0.00 (188.31) 0.00 (34.77) (188.31) (34.77)
0.00 0.00 0.00 7176.09 0.00 (109.68) 7176.09 (109.68)
0.00 0.00 0.00 (33.15) 0.00 0.00 (33.15) 0.00

0.00 0.00 0.00 28.82 0.00 (60.84) 28.82 (60.84)
0.00 0.00 0.00 60700.61 108.77 563.95 60700.61 672.72
0.00 0.00 0.00 2145.70 1.31 0.00 2145.70 1.31
0.00 0.00 0.00 3814.04 3.41 0.01 3814.04 3.42
181


charges 0.00 0.00 0.00 0.00
3.65 0.00 0.00 0.00


(J) AÝ` (c) Others 4.61 0.00 0.00 0.00
Hw$b (I)/ TOTAL (B) 6596.95 4.72 0.00 0.00

+ P% Q 4 32837.78 4.74 0.00 0.00


(H$) Hw$b** (a) Gross** 20809.55 99.31 0.00 0.00





Hw$b (J)/TOTAL (C) 53815.80 104.05 0.00 0.00
287.86 0.00 0.00 0.00
0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
Hw$b (K)/TOTAL (D) 287.86 0.00 0.00 0.00
182
182
62 nd Annual Report


0.00 0.00 0.00 0.13 0.00 (583.23) 0.13 (583.23)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 3.65 0.00 0.00 3.65 0.00

0.00 0.00 0.00 628.82 0.00 66.46 628.82 66.46
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 4.61 0.00 0.00 4.61 0.00
0.00 0.00 0.00 6596.95 4.72 (516.76) 6596.95 (512.04)
0.00 63.63 0.00 32837.78 68.37 499.05 32837.78 567.42
0.00 0.00 0.00 168.47 0.00 0.00 168.47 0.00
0.00 (63.63) 0.00 20809.55 35.68 (69.63) 20809.55 (33.95)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 651.29 0.00 651.29
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00
0.00 0.00 0.00 53815.80 104.05 1080.71 53815.80 1184.76
0.00 0.00 0.00 287.86 0.00 0.00 287.86 0.00
0.00 0.00 0.00 287.86 0.00 0.00 287.86 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 287.86 0.00 0.00 287.86 0.00
183
(` bmImo§ _o§)
184
df© Ho$ Xm¡amZ Hw$b A{Yeof OrdZ ì`dgm` noÝeZ ì`dgm` dm{f©H$r ì`dgm` hoëW ì`dgm` J¡a-g§~Õ ì¶dgm¶ Hw$b
(H$) A§V[a‘ ~moZg 168.47 0.00 0.00 0.00 0.00 0.00 0.00 168.47 0.00
(K) Hy$b A{Yeof (H$+I+J): 5925.57 0.00 0.00 0.00 0.00 0.00 0.00 5925.57 0.00
(H$) {ZJ‘ Ûmam g§nm{XV OrdZ ~r‘m ì¶dgm¶ VWm Ag§~Õ ì¶dgm¶ go g§~§{YV g^r à~ÝY ì¶¶ amOñd ImVo ‘| - gh^mJr / J¡a-gh^mJr nyar Vah ì¶d¶º$ Zm‘o {H$E h¡&
(I) {Z‘JÛmam g§nm{XV VWm g§~Õ ì¶mdgm¶ go g§~§{YV g‘ñV à^ma, g§~§{YV amOñd ImVm| ‘| nyar Vah Zm‘| {H$E J¶E h¡&
(` in lakhs)
Business
(a) Interim Bonus: 168.47 0.00 0.00 0.00 0.00 0.00 0.00 168.47 0.00
!

Revenue Accounts.
184
62 nd Annual Report

F.R.N. / 105049W F.R.N/002785S
g.H«$./M.No.033632 g.H«$./ M.No. 205702
F.R.N./009571N/N500006 F.R.N./000745C
g.H«$./M.No. 088810 g.H«$./M.No. 073124
}
E{bg Or d¡X`Z
g.H«$./ M.No. 104126 g.H«$. M.No. 014854
F.R.N./004453S F.R.N./101720W/W100355
g.H«$./M.No. 233399 g.H«$./M.No. 109859
gZXr boImH$ma
‘w§~B©… 14 OyZ, 2019

185
’$m°‘© E-AmaE
Hw$b ì`dgm` Ho$ g§~§Y _o§ / IN RESPECT OF TOTAL BUSINESS


(H$) {à{‘¶‘
(a) Premium 1 21976920.11 4352343.45 71137.26 4357142.58


Cn-¶moJ / Sub-Total 21965919.70 4338101.43 71119.88 4357142.58


PQ \
2239953.08 130461.65 1614.83 86190.53



Hw$b (H$) TOTAL (A) 38266964.59 6324172.28 288926.99 6702650.13
H$‘reZ Commission 2 1879713.58 10373.76 1536.80 2.33

ßbg &
% [ &' &' +
4 #+ #- #? #< #<' #
- # #< 2#<' 2#- #? , #A # #" #, #- N #(
186
186
62 nd Annual Report
FORM A- RA

(` bmImo§ _o§)
(` in lakhs)
512900.69 2368929.69 29783.61 22560958.06 11108199.33 81349.72 22560958.06 11189549.05
0.00 0.00 (5437.00) (11017.79) (19679.02) (1270.65) (11017.79) (20949.67)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
512900.69 2368929.69 24346.61 22549940.27 11088520.31 80079.07 22549940.27 11168599.38
287316.73 596921.88 2461.26 14663841.78 4710940.06 414578.59 14663841.78 5125518.65
39874.63 29493.41 1.19 2281442.54 246146.78 468073.89 2281442.54 714220.67
(1102.39) (2797.56) (6.26) (139102.79) (47352.46) (441196.32) (139102.79) (488548.78)
0.00 0.00 0.00 2476.41 0.00 115925.05 2476.41 115925.05
(1.42) (5.27) 0.00 6391.09 (40.48) 0.00 6391.09 (40.48)

0.66 0.19 1.69 29891.18 47955.03 (70.62) 29891.18 47884.41
838988.90 2992542.34 26804.49 39394880.48 16046169.24 637389.66 39394880.48 16683558.90
9.75 32763.11 4556.96 1881260.13 47696.16 2163.09 1881260.13 49859.25
5559.87 44928.29 12600.17 2746508.19 150168.61 21524.88 2746508.19 171693.49
187


charges 0.00 0.00 0.00 0.00
343914.04 49.43 20.72 (2.99)

(a) For diminution in the value of investments (Net) 131170.41 0.00 (0.18) (373.70)

(J) AÝ` (c) Others 39463.29 171675.71 (722.78) 9901.37
Hw$b (I)/ TOTAL (B) 5900829.13 269451.38 7419.23 14814.68

+ P% Q 4 14953652.82 3422330.24 181651.71 4041263.67


(H$) Hw$b** (a) Gross** 16981310.09 2632390.66 99832.08 2646571.78





Hw$b (J)/TOTAL (C) 32100075.92 6054720.90 281507.76 6687835.45
266059.54 0.00 0.00 0.00
0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
Hw$b (K)/TOTAL (D) 266059.54 0.00 0.00 0.00
188
188
62 nd Annual Report


0.00 0.00 0.00 29.89 0.00 79.10 29.89 79.10
0.00 0.00 0.00 0.00 0.00 10978.11 0.00 10978.11
(3.39) (1.33) 0.00 343931.37 45.11 3173.00 343931.37 3218.11

0.00 0.00 0.00 772174.27 0.00 9.51 772174.27 9.51
0.00 0.00 0.00 131170.23 (373.70) 3288.09 131170.23 2914.39
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

(95.89) 590.45 8.00 38644.62 182175.53 0.00 38644.62 182175.53
5470.34 78280.52 17165.13 5913718.70 379711.71 41215.78 5913718.70 420927.49
310619.13 773824.48 1739.54 15445923.66 8239157.93 1243404.58 15445923.66 9482562.51
0.00 0.00 0.00 165136.98 0.00 0.00 165136.98 0.00
522899.43 2140437.34 7899.82 17604041.60 7427299.60 283396.67 17604041.60 7710696.27
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 (931228.14) 0.00 (931228.14)
0.00 0.00 0.00 0.00 0.00 9.50 0.00 9.50
591.27 0.00 591.27

833518.56 2914261.82 9639.36 33215102.24 15666457.53 596173.88 33215102.24 16262631.41
0.00 0.00 0.00 266059.54 0.00 0.00 266059.54 0.00
0.00 0.00 0.00 266059.54 0.00 0.00 266059.54 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 266059.54 0.00 0.00 266059.54 0.00
189
(` bmImo§ _o§)
190

(H$) A§V[a‘ ~moZg 165113.01 0.00 23.97 0.00 0.00 0.00 0.00 165136.98 0.00
(K) Hy$b A{Yeof (H$+I+J): 5467687.02 0.00 18491.77 0.00 149.11 0.00 0.00 5486327.90 0.00
(I) {Z‘JÛmam g§nm{XV g§~Õ ì¶mdgm¶ VWm Ag§~Õ ì¶dgm¶ go g§~§{YV g‘ñV à^ma, g§~§{YV amOñd ImVm| ‘| nyar Vah Zm‘| {H$E J¶E h¡&
190
(` in lakhs)
Business
(a) Interim Bonus: 165113.01 0.00 23.97 0.00 0.00 0.00 0.00 165136.98 0.00
62 nd Annual Report
!

Revenue Accounts.
191
’$m°‘© E-AmaE


(H$) {à{‘¶‘
(a) Premium 1 20738608.79 3226392.65 76304.95 5013300.67


Cn-¶moJ / Sub-Total 20721986.49 3210290.11 76279.52 5013300.67


PQ \
1882893.43 122569.65 456.49 75394.79



Hw$b (H$) TOTAL (A) 35696532.69 4956729.22 287845.72 7118327.96
H$‘reZ Commission 2 1769481.81 9683.03 1413.19 4.85

ßbg &
% [ &' &' +
4 #+ #- #? #< #<' #
- # #< 2#<' 2#- #? , #A # #" #, #- N #(
192
192
62 nd Annual Report
FORM A- RA

(` bmImo§ _o§)
(` in lakhs)
501935.22 2153302.01 23501.02 21316848.96 10416496.35 88975.25 21316848.96 10505471.60
0.00 0.00 (3202.06) (16647.73) (19304.60) (1269.36) (16647.73) (20573.96)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
501935.22 2153302.01 20298.96 21300201.23 10397191.75 87705.89 21300201.23 10484897.64
246678.56 480995.12 1744.02 13596210.68 4141056.13 472332.49 13596210.68 4613388.62
28270.51 22503.12 0.40 1911620.43 220467.96 720711.53 1911620.43 941179.49
(1039.67) (2315.76) (6.21) (99655.85) (42631.91) (47313.81) (99655.85) (89945.72)
0.00 0.00 0.00 7176.09 0.00 (384074.06) 7176.09 (384074.06)
(0.08) (0.06) 0.00 4914.04 (6.00) 0.00 4914.04 (6.00)

0.21 0.01 0.05 39756.54 35500.91 (52.72) 39756.54 35448.19
775844.75 2654484.44 22037.22 36760223.16 14751578.84 849309.32 36760223.16 15600888.16
11.10 36111.05 3570.40 1770906.10 49369.33 2406.44 1770906.10 51775.77
4492.28 45213.37 10765.70 2839971.69 152336.31 21931.54 2839971.69 174267.85
193


charges 0.00 0.00 0.00 0.00
274533.80 (4.59) (96.06) (2.99)


(J) AÝ` (c) Others 240998.07 68488.35 6477.24 40925.80
Hw$b (I)/ TOTAL (B) 5856093.60 168438.46 15038.71 47063.02

+ P% Q 4 12128354.55 2688344.87 162707.68 2367432.83


(H$) Hw$b** (a) Gross** 17314445.98 2099945.89 110076.45 4703832.11



^{dî` Ho$ {d{Z`moOZ {Z{Y`mo§ Ho$ A§VaU


Hw$b (J)/TOTAL (C) 29598256.83 4788290.76 272807.01 7071264.94
242182.26 0.00 0.00 0.00
0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
Hw$b (K)/TOTAL (D) 242182.26 0.00 0.00 0.00
194
194
62 nd Annual Report


0.00 0.00 0.00 6.06 0.00 (583.23) 6.06 (583.23)
0.00 0.00 0.00 0.00 0.00 19371.18 0.00 19371.18
19.15 121.70 0.00 274456.89 114.12 123.27 274456.89 237.39

0.00 0.00 0.00 742206.31 0.00 66.46 742206.31 66.46
0.00 0.00 0.00 632.48 49.79 923.44 632.48 973.23
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

3823.93 3438.78 0.00 251299.24 112852.93 0.00 251299.24 112852.93
8346.46 84884.90 14336.10 5879478.77 314722.48 44239.10 5879478.77 358961.58
269381.48 585589.33 1747.43 12560443.71 5643114.46 1452945.79 12560443.71 7096060.25
0.00 0.00 0.00 155479.18 0.00 0.00 155479.18 0.00
498116.81 1984010.21 5953.69 17922639.24 8793741.90 311167.26 17922639.24 9104909.16
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 (959205.98) 0.00 (959205.98)
0.00 0.00 0.00 0.00 0.00 4.52 0.00 4.52
158.63 0.00 158.63

767498.29 2569599.54 7701.12 30638562.13 14436856.36 805070.22 30638562.13 15241926.58
0.00 0.00 0.00 242182.26 0.00 0.00 242182.26 0.00
0.00 0.00 0.00 242182.26 0.00 0.00 242182.26 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 242182.26 0.00 0.00 242182.26 0.00
195
(` bmImo§ _o§)
196
df© Ho$ Xm¡amZ Hw$b A{Yeof OrdZ ì`dgm` noÝeZ ì`dgm` dm{f©H$r ì`dgm` hoëW ì`dgm` J¡a-g§~Õ ì¶dgm¶ Hw$b

(H$) A§V[a‘ ~moZg 155456.30 0.00 22.88 0.00 0.00 0.00 0.00 155479.18 0.00
(K) Hy$b A{Yeof (H$+I+J): 4980842.78 0.00 18128.76 0.00 152.78 0.00 0.00 4999124.32 0.00
(` in lakhs)
Business
(a) Interim Bonus: 155456.30 0.00 22.88 0.00 0.00 0.00 0.00 155479.18 0.00
!

Revenue Accounts.
196
62 nd Annual Report

F.R.N. / 105049W F.R.N/002785S
g.H«$./M.No.033632 g.H«$./ M.No. 205702
F.R.N./009571N/N500006 F.R.N./000745C
g.H«$./M.No. 088810 g.H«$./M.No. 073124
}
E{bg Or d¡X`Z
g.H«$./ M.No. 104126 g.H«$. M.No. 014854
F.R.N./004453S F.R.N./101720W/W100355
g.H«$./M.No. 233399 g.H«$./M.No. 109859
gZXr boImH$ma
‘w§~B©… 14 OyZ, 2019

197
’$m°‘© E-nrEb
31 ‘mM©, 2019 H$mo g‘má df© H$m g§~{YV bm^-hm{Z boIm
PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH, 2019
Mmby df©
Current Year
{ddaU Particulars AZwgyMr J¡a-g§~Õ ì¶dgm¶ g§~Õ ì¶dgm¶
Schedule Non-linked Business Linked Business
nm°{b{gYmaH$m| Ho$ boIm (VH$ZrH$s boIm) go eof H$mo

AJ«o{fV :
Amounts transferred from/to the Policyholders
Account (Technical Account):
265724.92 334.62 0.00 0.00
(H$) ã¶mO, bm^m§e Ed§ {H$am¶m-Hw$b
(a) Interest, Dividends & Rent - Gross
1413.88 2323.65 0.00 0.00
(I) {Zdoe H$s {~H«$s/‘moMZ na bm^
PQ \

0.00 1259.94 0.00 0.00
(J) {Zdoe H$s {~H«$s/‘moMZ na hm{Z
(c) (Loss on sale/redemption of investments)
(11.32) (655.29) 0.00 0.00
AÝ¶ Am¶ : gm‘mÝ¶ Ama{jV {ZYr go A§VaU
Other Income :Transfer from General Reseve
0.00 0.00 0.00 0.00
Hw$b(H$) TOTAL (A) 267127.48 3262.92 0.00 0.00
~r‘m ì¶dgm¶ go grYo g§~§{YV IMm} Ho$ A{V[aº$ AÝ¶ IM©
Expense other than those directly related to the
0.00 42.06 0.00 0.00
insurance business
àmdYmZ (H$amYmZ Ho$ A{V[aº$)

Provisions (Other than taxation)
(H$) {Zdoe Ho$ ‘yë¶ ‘| ewÕ H$‘r

(a) For diminution in the value of investments (Net)
0.00 0.00 0.00 0.00
(I) g§{X½Y F$Umo§ Ho$ {bE àmdYmZ
(b) Provision for doubtful debts
0.00 0.00 0.00 0.00
(J) AÝ¶ (ã¶moam XoZm h¡)
PQB P Q
0.00 0.00 0.00 0.00
Hw$b(I) TOTAL (B) 0.00 42.06 0.00 0.00

bm^/hm{Z H$a nyd©/ \P& Q
N 267127.48 3220.86 0.00 0.00
H$amYmZ H$m àmdYmZ Provision for Taxation 490.11 1008.57 0.00 0.00
bm^/(hm{Z) H$a àíMmV \&

N 266637.37 2212.29 0.00 0.00
198
198
62 nd Annual Report
FORM A- PL
Registration No. : 512 Dated:01.01.2001
eo¶aYmaH$m| H$m boIm (J¡a-VH$ZrH$s boIm) (` bmImo§ _o§)

Shareholders’ Account (Non-technical Account) (` in lakhs)

266059.54 241894.40 287.86 0.00 0.00 242182.26
3737.53 1412.03 2109.30 0.00 0.00 3521.33
1259.94 0.00 339.22 0.00 0.00 339.22
(666.61) (11.32) (50.16) 0.00 0.00 (61.48)
0.00 0.00 0.00 0.00 0.00 0.00
270390.40 243295.11 2686.22 0.00 0.00 245981.33
42.06 0.00 39.77 0.00 0.00 39.77
0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00
42.06 0.00 39.77 0.00 0.00 39.77
270348.34 243295.11 2646.45 0.00 0.00 245941.56
1498.68 484.76 816.26 0.00 0.00 1301.02
268849.66 242810.35 1830.19 0.00 0.00 244640.54
199
’$m°‘© E-nrEb
31 ‘mM©, 2019 H$mo g‘má df© H$m g§~{YV bm^-hm{Z boIm
PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH, 2019
Mmby df©
Current Year
{ddaU Particulars AZwgyMr J¡a-g§~Õ ì¶dgm¶ g§~Õ ì¶dgm¶
Schedule Non-linked Business Linked Business
{d{Z¶moOZ / APPROPRIATIONS
(H$) df© Ho àma¨^ _o eof

(a) Balance at the begining of the year
0.00 0.00 0.00 0.00
(I) df© Ho$ Xm¡amZ àXÎm A§V{a‘ bm^m§e
(5% ‘yë¶m§H$Z A{Yeof Ho$ÝÐr¶ gaH$ma H$mo àXÎm)
(b) Interim Dividends paid during the year
0.00 0.00 0.00 0.00
(5% Valuation surplus paid to Central Government)
(J) àñVm{dV A§{V‘ bm^m§e PQ 265724.92 334.62 0.00 0.00
(K) bm^m§e (d) Dividend distribution on tax 0.00 0.00 0.00 0.00
(L>) gm‘mÝ¶ Ama{jV{Z{Y H$mo A§VaU (e) Transfer to
General Reserve 912.45 1877.67 0.00 0.00
VwbZ-nÌ H$mo AJ«o{fV bm^

+ , 0.00 0.00 0.00 0.00

F.R.N. / 105049W F.R.N/002785S
g.H«$./M.No.033632 g.H«$./ M.No. 205702
F.R.N./009571N/N500006 F.R.N./000745C
g.H«$./M.No. 088810 g.H«$./M.No. 073124
}
E{bg Or d¡X`Z
g.H«$./ M.No. 104126 g.H«$. M.No. 014854
F.R.N./004453S F.R.N./101720W/W100355
H¥îUm gmB© Or. EM (nmQ>©Za) {dO¶ Znmdm{b¶m (nmQ>©Za)
g.H«$./M.No. 233399 g.H«$./M.No. 109859
gZXr boImH$ma
‘w§~B©… 14 OyZ, 2019

200
200
62 nd Annual Report
FORM A- PL
eo¶aYmaH$m| H$m boIm (J¡a-VH$ZrH$s boIm)
Shareholders’ Account (Non-technical Account)

0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00
266059.54 241894.40 287.86 0.00 0.00 242182.26
0.00 0.00 0.00 0.00 0.00 0.00
2790.12 915.95 1542.33 0.00 0.00 2458.28
0.00 0.00 0.00 0.00 0.00 0.00
201
AZwgyMr`m± Omo {dËVr` {ddaUmo§ Ho$ A§J^yV h¡§
202
SCHEDULES FORMING PART OF THE FINANCIAL SATEMENTS
AZwgyMr - 1 {à{‘¶‘ : 31.3.2019 (` bmImo§ _o§)
SCHEDULE - 1 - PREMIUM: 31.3.2019 (` in lakhs)
{ddaU Particulars J¡a-g§~Õ ì¶dgm¶ g§~Õ Hw$b (Mmby df©)

Non-Linked Business Total (Current Year)
ì¶dgm¶
OrdZ ì`dgm` noÝeZ ì`dgm` dm{f©H$r ì`dgm` hoëW ì`dgm` J¡a-g§~Õ ì¶dgm¶ Hw$b Linked
Life Business Pension Business Annuity Business Health Business
Business
(Mmby df©)
Non-Linked Total (Current
Year)
gh^mJr J¡a-gh^mJr gh^mJr J¡a-gh^mJr gh^mJr J¡a-gh^mJr J¡a-gh^mJr gh^mJr J¡a-gh^mJr J¡a-gh^mJr gh^mJr J¡a-gh^mJr
Participating Non- Participating Non- Participating Non- Non- Participating Non- Non- Participating Non-
Participating Participating Participating Participating Participating Participating Participating
1 àW‘ dfu¶ àr{‘¶‘
First year Premiums 2632856.90 257033.08 2215.20 225830.70 0.00 0.00 11260.35 2635072.10 494124.13 3425.31 2635072.10 497549.44
2 nadVu àr{‘¶‘
Renewal Premiums 18547169.79 538129.32 68029.88 266518.06 487.36 462.83 18523.26 18615687.03 823633.47 77590.81 18615687.03 901224.28
3 EH$b àr{‘¶‘ Am¡a grEOr

Single Premiums &
CAG 796893.42 3557181.05 892.18 3864793.82 512413.33 2368466.86 0.00 1310198.93 9790441.73 333.60 1310198.93 9790775.33
Hw$b àr{‘¶‘
TOTAL PREMIUM 21976920.11 4352343.45 71137.26 4357142.58 512900.69 2368929.69 29783.61 22560958.06 11108199.33 81349.72 22560958.06 11189549.05
àr{‘¶‘ Am¶ {b{IV

ì¶dgm¶ go
Premium Income from
business written:
1 ^maV ‘|
In India 21941276.53 4350960.13 71137.26 4357142.58 512900.69 2368929.69 29783.61 22525314.48 11106816.01 80627.34 22525314.48 11187443.35
2 ^maV Ho$ ~mha

Outside India 35643.58 1383.32 0.00 0.00 0.00 0.00 0.00 35643.58 1383.32 722.38 35643.58 2105.70
Hw$b àr{‘¶‘
Total Premium 21976920.11 4352343.45 71137.26 4357142.58 512900.69 2368929.69 29783.61 22560958.06 11108199.33 81349.72 22560958.06 11189549.05
202
AZwgyMr`m± Omo {dËVr` {ddaUmo§ Ho$ A§J^yV h¡§
SCHEDULES FORMING PART OF THE FINANCIAL SATEMENTS
AZwgyMr - 1 {à{‘¶‘ : 31.3.2018 (` bmImo§ _o§)
SCHEDULE - 1 - PREMIUM: 31.3.2018 (` in lakhs)

ì¶dgm¶
OrdZ ì`dgm` noÝeZ ì`dgm` dm{f©H$r ì`dgm` hobW J¡a-g§~Õ ì¶dgm¶ Hw$b Linked
62 nd Annual Report
Life Business Pension Business Annuity Business Business

ì`dgm` (Mmby df©)
Health Non-Linked Total (Current
Business Year)
1 àW‘ dfu¶ àr{‘¶‘
First year Premiums 2485635.05 130092.04 2990.28 181039.81 0.00 0.00 8915.07 2488625.33 320046.92 5968.10 2488625.33 326015.02
2 nadVu àr{‘¶‘
Renewal Premiums 17437266.22 479958.78 71654.59 267718.85 555.19 537.37 14585.95 17509476.00 762800.95 82874.01 17509476.00 845674.96
3 EH$b àr{‘¶‘ Am¡a grEOr

Single Premiums &
CAG 815707.52 2616341.83 1660.08 4564542.01 501380.03 2152764.64 0.00 1318747.63 9333648.48 133.14 1318747.63 9333781.62
Hw$b àr{‘¶‘
TOTAL PREMIUM 20738608.79 3226392.65 76304.95 5013300.67 501935.22 2153302.01 23501.02 21316848.96 10416496.35 88975.25 21316848.96 10505471.60
àr{‘¶‘ Am¶ {b{IV

ì¶dgm¶ go
Premium Income from
business written:
1 ^maV ‘|
In India 20706192.08 3226303.45 76304.95 5013300.67 501935.22 2153302.01 23501.02 21284432.25 10416407.15 88438.43 21284432.25 10504845.58
2 ^maV Ho$ ~mha

Outside India 32416.71 89.20 0.00 0.00 0.00 0.00 0.00 32416.71 89.20 536.82 32416.71 626.02
Hw$b àr{‘¶‘
Total Premium 20738608.79 3226392.65 76304.95 5013300.67 501935.22 2153302.01 23501.02 21316848.96 10416496.35 88975.25 21316848.96 10505471.60
203
AZwgyMr - 2 H$‘reZ ì¶¶ 31.03.2019
(` bmImo§ _o§)
204
SCHEDULE - 2 COMMISSION EXPENSES: 31.3.2019
(` in lakhs)
ì¶dgm¶
Business
(Mmby df©)
Year)
àXÎm H$‘reZ
Commission paid
grYm - àW‘ dfu¶ àr{‘¶‘
Direct - First year premiums 871045.44 5047.55 166.14 2.33 0.00 0.00 3470.61 871211.58 8520.49 228.94 871211.58 8749.43
- nadVu àr{‘¶‘
- Renewal premiums 995998.38 5406.65 1353.98 0.00 9.75 9.25 1086.35 997362.11 6502.25 1934.15 997362.11 8436.40
- EH$b àr{‘¶‘
- Single premiums 15928.82 71.51 17.84 0.00 0.00 32753.86 0.00 15946.66 32825.37 0.00 15946.66 32825.37
- AÝ¶ H${‘eZ
- Other Commission 0.00 0.00 0.00 0.00 0.00
Omo‹S>o : ñdrH¥$V nwZ~u‘ na H$‘reZ
Add : Commission on Re-
insurance Accepted 0.00 0.00 0.00 0.00 0.00
KQ>mE§ : A§V[aV nwZ~u‘ na
H$‘reZ
Less: Commission on Re-
insurance Ceded 3259.06 151.95 1.16 0.00 0.00 0.00 0.00 3260.22 151.95 0.00 3260.22 151.95
ewÕ H$‘reZ
Net Commission 1879713.58 10373.76 1536.80 2.33 9.75 32763.11 4556.96 1881260.13 47696.16 2163.09 1881260.13 49859.25
{b{IV ì¶dgm¶ na H$‘reZ
Commission on business
written:
^maV ‘|
In India 1877328.94 10347.28 1536.80 2.33 9.75 32763.11 4556.96 1878875.49 47669.68 2163.09 1878875.49 49832.77
^maV Ho$ ~mha
Outside India 2384.64 26.48 0.00 0.00 0.00 0.00 0.00 2384.64 26.48 0.00 2384.64 26.48
ewÕ H$‘reZ
Net Commission 1879713.58 10373.76 1536.80 2.33 9.75 32763.11 4556.96 1881260.13 47696.16 2163.09 1881260.13 49859.25
ì¶dgm¶ àmá H$aZo Ho$ {bE {H$¶o J¶o gH$b ì¶¶ H$m {dKQ>Z :
Break up of the expenses (Gross) incurred to procure business :
EOo§Q>
Agents 1871660.75 10470.07 1534.87 2.33 9.74 31359.85 4514.89 1873205.36 46347.14 2143.17 1873205.36 48490.31
~«moH$a
Brokers 180.69 5.59 0.26 0.00 0.00 25.08 0.64 180.95 31.31 1.47 180.95 32.78
{ZJ{‘V EOoÝgr
Corporate Agency 1671.70 7.57 1.32 0.00 0.01 32.46 2.04 1673.03 42.07 2.22 1673.03 44.29
[a’$ab
Referral 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
AÝ¶ : ~¢H$
Others: Banks 9421.61 42.06 1.48 0.00 0.00 1333.13 39.23 9423.09 1414.42 16.22 9423.09 1430.64
AmB©.E‘.E’$
204
IMF 37.89 0.42 0.03 0.00 0.00 12.59 0.16 37.92 13.17 0.01 37.92 13.18
Hw$b
Total 1882972.64 10525.71 1537.96 2.33 9.75 32763.11 4556.96 1884520.35 47848.11 2163.09 1884520.35 50011.20
AZwgyMr - 2 H$‘reZ ì¶¶ 31.03.2018
(` bmImo§ _o§)
SCHEDULE - 2 COMMISSION EXPENSES: 31.3.2018
(` in lakhs)
ì¶dgm¶
Business
(Mmby df©)
Year)
62 nd Annual Report

àXÎm H$‘reZ
Commission paid
grYm - àW‘ dfu¶ àr{‘¶‘
Direct - First year premiums 815607.52 4736.65 224.27 4.85 0.00 0.00 2622.31 815831.79 7363.81 356.80 815831.79 7720.61
- nadVu àr{‘¶‘
- Renewal premiums 941910.05 5055.40 1160.71 0.00 11.10 10.74 948.09 943081.86 6014.23 2049.64 943081.86 8063.87
- EH$b àr{‘¶‘
- Single premiums 16305.31 15.85 33.20 0.00 0.00 36100.31 0.00 16338.51 36116.16 0.00 16338.51 36116.16
- AÝ¶ H${‘eZ
- Other Commission 0.00 0.00 0.00 0.00 0.00
Omo‹S>o : ñdrH¥$V nwZ~u‘ na H$‘reZ
Add : Commission on Re-
insurance Accepted 0.00 0.00 0.00 0.00 0.00
KQ>mE§ : A§V[aV nwZ~u‘ na
H$‘reZ
Less: Commission on Re-
insurance Ceded 4341.07 124.87 4.99 0.00 0.00 0.00 0.00 4346.06 124.87 0.00 4346.06 124.87
ewÕ H$‘reZ
Net Commission 1769481.81 9683.03 1413.19 4.85 11.10 36111.05 3570.40 1770906.10 49369.33 2406.44 1770906.10 51775.77
{b{IV ì¶dgm¶ na H$‘reZ

Commission on business written:
^maV ‘|
In India 1767336.11 9681.72 1413.19 4.85 11.10 36111.05 3570.40 1768760.40 49368.02 2406.44 1768760.40 51774.46
^maV Ho$ ~mha

Outside India 2145.70 1.31 0.00 0.00 0.00 0.00 0.00 2145.70 1.31 0.00 2145.70 1.31
ewÕ H$‘reZ
Net Commission 1769481.81 9683.03 1413.19 4.85 11.10 36111.05 3570.40 1770906.10 49369.33 2406.44 1770906.10 51775.77
ì¶dgm¶ àmá H$aZo Ho$ {bE {H$¶o J¶o gH$b ì¶¶ H$m {dKQ>Z :
Break up of the expenses (Gross) incurred to procure business :
EO§oQ>
Agents 1764882.22 9754.47 1416.05 4.85 11.09 34589.30 3546.92 1766309.36 47895.54 2384.27 1766309.36 50279.81
~«moH$a
Brokers 175.71 6.84 0.21 0.00 0.00 43.26 0.11 175.92 50.21 1.34 175.92 51.55
{ZJ{‘V EOoÝgr
Corporate Agency 1532.13 7.28 1.40 0.00 0.01 33.16 1.68 1533.54 42.12 2.47 1533.54 44.59
[a’$ab
Referral 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
AÝ¶ : ~¢H$
Others: Banks 7220.38 39.09 0.51 0.00 0.00 1432.82 21.68 7220.89 1493.59 18.34 7220.89 1511.93
AmB©.E‘.E’$
IMF 12.44 0.22 0.01 0.00 0.00 12.51 0.01 12.45 12.74 0.02 12.45 12.76
Hw$b
Total 1773822.88 9807.90 1418.18 4.85 11.10 36111.05 3570.40 1775252.16 49494.20 2406.44 1775252.16 51900.64
205
AZwgyMr - 3 ~r‘m ì¶dgm¶ go gå~pÝYV n[aMmbZ ì¶¶ : 31.03.2019
(` bmImo§ _o§)
206
SCHEDULE - 3 OPERATING EXPENSES RELATED TO INSURANCE BUSINESS: 31.3.2019
(` in lakhs)
ì¶dgm¶
Business
(Mmby df©)
Year)
1 H$‘©Mm[a¶m| H$m nm[al{‘H$ VWm
H$ë¶mU bm^
Employees' remuneration &

1871344.79 49419.26 4217.81 4341.06 1721.79 30994.50 8465.57 1877284.39 93220.39 16683.66 1877284.39 109904.05
2 ¶mÌm, gdmar Ed§ dmhZ MmbZ
ì¶¶
Travel, conveyance and vehicle
running expenses 27706.31 668.10 61.80 56.39 23.08 460.41 125.04 27791.19 1309.94 242.98 27791.19 1552.92
3 à{ejU ì¶¶
Training Expenses 2733.89 44.48 5.56 2.93 1.44 48.80 12.25 2740.89 108.46 21.81 2740.89 130.27
4 {H$am¶m, X>a| Ed§ H$a
Rents, rates & taxes 48240.09 1234.45 124.22 105.12 44.19 676.57 219.93 48408.50 2236.07 498.22 48408.50 2734.29
5 ‘aå‘V
Repairs 11010.26 120.37 28.42 3.65 4.07 150.37 50.34 11042.75 324.73 113.32 11042.75 438.05
6 ‘wÐU Ed§ boIm gm‘J«r
Printing & Stationery 12093.78 187.61 31.18 11.00 6.53 166.49 55.22 12131.49 420.32 124.32 12131.49 544.64
7 g§Mma ì¶¶
Communication expenses 25721.29 645.94 66.19 54.52 23.11 360.19 117.20 25810.59 1177.85 266.50 25810.59 1444.35
8 {d{YH$ Ed§ ì¶mdgm{¶H$ à^ma
Legal & professional charges 1353.24 21.78 2.82 1.61 0.77 15.15 4.98 1356.83 43.52 11.23 1356.83 54.75
9 {M{H$Ëgm ewëH$
Medical Fees 5505.55 918.45 32.13 0.00 0.00 0.00 17.13 5537.68 935.58 7.71 5537.68 943.29
10 boIm narjH$ ewëH$, ì¶¶ Am{X
Auditors' fees, expenses etc.
(H$) boIm narjH$ Ho$ ê$n ‘|
(a) as auditor 464.94 5.98 0.36 0.27 0.20 5.91 0.36 465.50 12.52 6.48 465.50 19.00
gbmhH$ma Ho$ én ‘| ¶m
(I) {ZåZ g§~§Y ‘| {H$gr ^r
j‘Vm ‘|
(b) as adviser or in any
other capacity in
respect of
(i) H$amYmZ ‘m‘bo
(i) Taxation matters 2.61 0.00 0.00 0.00 0.00 0.00 0.00 2.61 0.00 0.00 2.61 0.00
(ii) ~r‘m ‘m‘bo
(ii) Insurance matters 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
(iii) à~§YZ godmE§, VWm
(iii) Management
services; and 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
J) {H$gr ^r AÝ¶ j‘Vm ‘|
c) in any other capacity 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
206
11 {dkmnZ Ed§ àMma
Advertisement and publicity 37368.73 1666.92 94.78 171.66 50.88 536.06 328.62 37514.39 2703.26 9.29 37514.39 2712.55
12 ã¶mO Ed§ ~¢H$ à^ma
Interest & bank Charges 3619.24 40.42 9.31 1.32 1.36 49.28 16.46 3629.91 107.48 185.85 3629.91 293.33
AZwgyMr - 3 (Omar)
(` bmImo§ _o§)
SCHEDULE - 3 (Contd.)
(` in lakhs)
ì¶dgm¶
Business
(Mmby df©)
Year)
62 nd Annual Report

13 AÝ¶
Others
1 ^Îmo Am¡a H$‘reZ
(~r‘m EOo§Q>mo Ho$ H$‘reZ
Ho$ Abmdm)
Allowances and
commission (other than
commission to insurance
agents) 280425.84 2081.81 477.32 0.30 47.23 5636.47 1242.63 280950.39 8961.21 1818.27 280950.39 10779.48
2 {Zdoe gån{Îm na ì¶¶
Expense on Investment
Property 12431.25 98.52 0.00 0.00 0.00 0.00 0.00 12431.25 98.52 0.00 12431.25 98.52
3 nm°{bgr ñQ>°ån
Policy stamps 20759.34 4066.14 25.09 399.16 118.32 362.24 493.44 20902.75 5320.98 5.62 20902.75 5326.60
4 nmdVr ñQ>°ån
Receipt stamps 1044.46 10.33 2.70 0.21 0.35 14.24 4.78 1047.51 29.56 10.76 1047.51 40.32
5 [~Obr à^ma
Electricity charges 24087.92 291.51 62.21 11.52 9.94 329.89 110.17 24160.07 743.09 248.03 24160.07 991.12
6 ‘mJ©ñW amoH$‹S> VWm AÝ¶
~r‘m àr{‘¶‘
Cash in transit and other
insurance premia 306.39 10.68 0.76 1.04 0.39 4.22 1.35 307.54 17.29 3.06 307.54 20.35
7 {d{dY ì¶¶
Miscellaneous expenses 40955.62 955.60 137.19 77.33 47.17 734.83 300.26 41139.98 2068.02 942.99 41139.98 3011.01
8 ‘w»¶ H$m¶m©b¶ ì¶¶
( BJ N 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
14 ‘yë¶èhmg
Depreciation 31640.19 647.84 81.47 48.58 22.95 439.33 144.27 31744.61 1280.02 324.78 31744.61 1604.80
15 àr{‘¶‘ BË¶mXr na godm H$a/
Or Eg Qr
Service Tax/GST on Premium
Etc 275547.92 24216.29 1123.35 0.00 3436.10 3943.34 890.17 280107.37 29049.80 0.00 280107.37 29049.80
Hw$b
TOTAL 2734363.65 87352.48 6584.67 5287.67 5559.87 44928.29 12600.17 2746508.19 150168.61 21524.88 2746508.19 171693.49
n[aMmbZ ì¶¶
OPERATING EXPENSES
^maV ‘|
In India 2730304.29 87349.57 6584.67 5287.67 5559.87 44928.29 12600.17 2742448.83 150165.70 21524.87 2742448.83 171690.57
^maV Ho$ ~mha
Outside India 4059.36 2.91 0.00 0.00 0.00 0.00 0.00 4059.36 2.91 0.01 4059.36 2.92
Hw$b n[aMmbZ ì¶¶
TOTAL OPERATING
EXPENSES 2734363.65 87352.48 6584.67 5287.67 5559.87 44928.29 12600.17 2746508.19 150168.61 21524.88 2746508.19 171693.49
207
AZwgyMr - 3 ~r‘m ì¶dgm¶ go gå~pÝYV n[aMmbZ ì¶¶ : 31.03.2018
(` bmImo§ _o§)
208
SCHEDULE - 3 OPERATING EXPENSES RELATED TO INSURANCE BUSINESS: 31.3.2018
(` in lakhs)
ì¶dgm¶
Business
(Mmby df©)
Year)
1 H$‘©Mm[a¶m| H$m nm[al{‘H$ VWm
H$ë¶mU bm^
Employees' remuneration &

1980179.93 57159.07 4728.71 5380.64 1950.09 34426.51 7257.65 1986858.73 104223.87 17115.05 1986858.73 121338.92
2 ¶mÌm, gdmar Ed§ dmhZ MmbZ
ì¶¶
Travel, conveyance and vehicle
running expenses 27516.96 698.37 60.62 63.73 23.50 484.53 96.88 27601.08 1343.51 217.09 27601.08 1560.60
3 à{ejU ì¶¶
Training Expenses 2692.43 43.95 6.00 3.02 1.42 50.01 9.84 2699.85 106.82 21.56 2699.85 128.38
4 {H$am¶m, X>a| Ed§ H$a
Rents, rates & taxes 44562.64 1140.66 118.82 101.35 39.87 642.13 163.74 44721.33 2047.88 436.90 44721.33 2484.78
5 ‘aå‘V
Repairs 9030.84 113.18 24.17 5.36 3.89 127.22 33.32 9058.90 279.08 88.26 9058.90 367.34
6 ‘wÐU Ed§ boIm gm‘J«r
Printing & Stationery 12377.33 169.99 33.05 9.28 5.86 174.41 45.56 12416.24 399.24 120.70 12416.24 519.94
7 g§Mma ì¶¶
Communication expenses 25470.78 640.99 67.92 56.52 22.40 366.74 93.60 25561.10 1157.85 250.64 25561.10 1408.49
8 {d{YH$ Ed§ ì¶mdgm{¶H$ à^ma
Legal & professional charges 1231.97 18.62 2.75 1.54 0.70 14.66 3.78 1235.42 38.60 10.05 1235.42 48.65
9 {M{H$Ëgm ewëH$
Medical Fees 4704.14 1067.05 33.92 0.00 0.00 0.00 15.66 4738.06 1082.71 6.89 4738.06 1089.60
10 boIm narjH$ ewëH$, ì¶¶ Am{X
Auditors' fees, expenses etc.
(H$) boIm narjH$ Ho$ ê$n ‘|
(a) as auditor 430.07 6.10 0.36 0.34 0.20 5.76 0.36 430.63 12.56 6.48 430.63 19.04
gbmhH$ma Ho$ én ‘| ¶m
(I) {ZåZ g§~§Y ‘| {H$gr ^r
j‘Vm ‘|
(b) as adviser or in any
other capacity in
respect of
(i) H$amYmZ ‘m‘bo
(i) Taxation matters 2.48 0.00 0.00 0.00 0.00 0.00 0.00 2.48 0.00 0.00 2.48 0.00
(ii) ~r‘m ‘m‘bo
(ii) Insurance matters 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
(iii) à~§YZ godmE§, VWm
(iii) Management
services; and 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
J) {H$gr ^r AÝ¶ j‘Vm ‘|
c) in any other capacity 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
208
Advertisement and publicity 47214.28 1961.59 124.43 205.03 56.74 694.38 275.48 47395.45 3136.48 20.05 47395.45 3156.53
Interest & bank Charges 4225.00 49.04 11.27 2.02 1.68 59.24 15.52 4237.95 125.82 238.24 4237.95 364.06
AZwgyMr - 3 (Omar)
(` bmImo§ _o§)
(` in lakhs)
ì¶dgm¶
Business
(Mmby df©)
Year)
62 nd Annual Report

13 AÝ¶
Others
1 ^Îmo Am¡a H$‘reZ
(~r‘m EOoÝQ>mo Ho$ H$‘reZ
Ho$ Abmdm)
Allowances and
commission (other than
commission to insurance
agents) 263934.02 1969.74 527.69 1.70 50.03 5441.37 960.31 264511.74 8373.12 1854.07 264511.74 10227.19
2 {Zdoe gån{Îm na ì¶¶
Expense on Investment
Property 12962.30 97.63 0.00 0.00 0.00 0.00 0.00 12962.30 97.63 0.00 12962.30 97.63
3 nm°{bgr ñQ>°ån
Policy stamps 18540.11 1821.30 11.30 118.54 32.80 304.69 244.86 18584.21 2489.39 15.90 18584.21 2505.29
4 nmdVr ñQ>°ån
Receipt stamps 1023.08 9.78 2.74 0.22 0.33 14.34 3.77 1026.15 28.11 10.01 1026.15 38.12
5 [~Obr à^ma
Electricity charges 24230.88 298.49 64.79 13.73 10.25 340.94 89.32 24305.92 742.48 236.64 24305.92 979.12
6 ‘mJ©ñW amoH$‹S> VWm AÝ¶
~r‘m àr{‘¶‘
Cash in transit and other
insurance premia 378.03 12.04 0.99 1.17 0.42 5.42 1.36 379.44 19.99 3.89 379.44 23.88
7 {d{dY ì¶¶
Miscellaneous expenses 39977.64 917.45 141.16 76.63 47.57 749.36 294.81 40166.37 2038.25 999.99 40166.37 3038.24
8 ‘w»¶ H$m¶m©b¶ ì¶¶
( BJ N 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
14 ‘yë¶èhmg
Depreciation 28674.78 574.53 76.44 44.75 20.00 408.58 105.36 28771.22 1133.22 279.13 28771.22 1412.35
15 àr{‘¶‘ BË¶mXr na godm H$a/
Or Eg Qr
Service Tax/GST on Premium
Etc 278875.41 21502.10 1207.18 0.00 2224.53 903.08 1054.52 282307.12 23459.70 0.00 282307.12 23459.70
Hw$b
TOTAL 2828235.10 90271.67 7244.31 6085.57 4492.28 45213.37 10765.70 2839971.69 152336.31 21931.54 2839971.69 174267.85
n[aMmbZ ì¶¶
OPERATING EXPENSES
^maV ‘|
In India 2824421.06 90268.26 7244.31 6085.57 4492.28 45213.37 10765.70 2836157.65 152332.90 21931.53 2836157.65 174264.43
^maV Ho$ ~mha
Outside India 3814.04 3.41 0.00 0.00 0.00 0.00 0.00 3814.04 3.41 0.01 3814.04 3.42
Hw$b n[aMmbZ ì¶¶
TOTAL OPERATING
EXPENSES 2828235.10 90271.67 7244.31 6085.57 4492.28 45213.37 10765.70 2839971.69 152336.31 21931.54 2839971.69 174267.85
209
AZwgyMr - 4 AXm {H$¶m J¶m bm^ (ewÕ) : 31.03.2019
210
(` bmImo§ _o§)
SCHEDULE - 4 BENEFITS PAID (NET): 31.3.2019
(` in lakhs)
{ddaU J¡a-g§~Õ ì¶dgm¶ g§~Õ Hw$b (Mmby df©)
Particulars Non-Linked Business Total (Current Year)
ì¶dgm¶
Business
(Mmby df©)
Year)
1 ~r‘m Xmd|
Insurance Claims
(H$) ‘¥Ë¶w Xmd|
(a) Claims by Death 1140599.76 452444.78 11523.14 2170.98 40401.17 42396.01 13.49 1192524.07 497025.26 17956.53 1192524.07 514981.79
(I) n[an¹$Vm Xmd|
(b) Claims by Maturity 12044879.56 1106121.80 11727.57 1177935.56 3391.61 74.04 0.00 12059998.74 2284131.40 800474.67 12059998.74 3084606.07
(J) dm{f©{H$¶m±/noÝeZ ^wJVmZ
(c) Annuities/Pensions
payment 0.00 0.00 108274.45 0.00 265329.12 717826.60 0.00 373603.57 717826.60 0.00 373603.57 717826.60
(K) AÝ¶ bm^
PQB
(i) Aä¶n©U
Surrenders 1732667.94 1856400.87 50345.36 2861157.13 1308.14 13623.80 0.00 1784321.44 4731181.80 408223.45 1784321.44 5139405.25
(ii) ZH$X ~moZg
Bonuses in cash 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
(iii) AñnVmb ^Vu bm^
Hospitalisation
+ 0.00 0.00 0.00 0.00 0.00 0.00 794.96 0.00 794.96 212.34 0.00 1007.30
(iv) ~‹S>o eë¶ bm^
<¢,
+ 0.00 0.00 0.00 0.00 0.00 0.00 1136.84 0.00 1136.84 666.50 0.00 1803.34
(v) Amdmgr¶ CnMma bm^
Domicilliary
+ 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1195.29 0.00 1195.29
(vi) {XZ XoI^mb bm^
; + 0.00 0.00 0.00 0.00 0.00 0.00 231.96 0.00 231.96 0.00 0.00 231.96
(vii) EH _waV bm^/Am`
bm^ ([H ñV Ûmam)
& + \
+ P
installment) 64.18 0.00 64.18 0.00 0.00 64.18
(viii) AÝ¶ Xmdm bmJV
Other Claims Cost 40712.69 17822.24 264.72 0.00 189.09 (-95.97) 466.97 41166.50 18193.24 15241.21 41166.50 33434.45
2 (nwZ~u‘m ‘| A§V[aV am{e):
(Amount ceded in
reinsurance):
(a) Claims by Death (-5207.13) (-10459.45) (-483.53) 0.00 0.00 0.00 0.00 (5690.66) (10459.45) (-20.00) (5690.66) (10479.45)
(I) n[an³dVm Xmd|
(J) dm{f©{H$¶m±/noÝe
^wJVmZ
210
payment 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
(K)AÝ¶ bm^
PQB 0.00 0.00 0.00 0.00 0.00 0.00 (-968.86) 0.00 (968.86) (-545.41) 0.00 (1514.27)
AZwgyMr - 4 (Omar)
(` bmImo§ _o§)
(` in lakhs)
ì¶dgm¶
Business
(Mmby df©)
Year)
62 nd Annual Report

3 nwZ~u‘m ‘| ñdrH¥$V am{e:
Amount accepted in
reinsurance:
(H$) ‘¥Ë¶y Xmd|
(a) Claims by Death 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
(I) n[an¹$Vm Xmd|
(J) dm{f©{H$¶m|/noÝeZ
^wJVmZ
in payment 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
(K) AÝ¶ bm^
PQB 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Hw$b
TOTAL 14953652.82 3422330.24 181651.71 4041263.67 310619.13 773824.48 1739.54 15445923.66 8239157.93 1243404.58 15445923.66 9482562.51
XmdoXmam| H$mo AXm
{H$¶m J¶m bm^:
~ '

claimants:
1 ^maV ‘|
In India 14916124.45 3422320.34 181651.71 4041263.67 310619.13 773744.40 1739.54 15408395.29 8239067.95 1242989.38 15408395.29 9482057.33
2 ^maV Ho$ ~mha$
Outside India 37528.37 9.90 0.00 0.00 0.00 80.08 0.00 37528.37 89.98 415.20 37528.37 505.18
Hw$b AXm {H$¶m J¶m
bm^ (ewÕ)
"~ '

(Net) 14953652.82 3422330.24 181651.71 4041263.67 310619.13 773824.48 1739.54 15445923.66 8239157.93 1243404.58 15445923.66 9482562.51
211
AZwgyMr - 4 AXm {H$¶m J¶m bm^ (ewÕ) : 31.03.2018
212
(` bmImo§ _o§)
SCHEDULE - 4 BENEFITS PAID (NET): 31.3.2018
(` in lakhs)
ì¶dgm¶
Business
(Mmby df©)
Year)
1 ~r‘m Xmd|
Insurance Claims
(a) Claims by Death 994717.19 346174.71 9258.49 2524.48 37949.64 20399.77 17.04 1041925.32 369116.00 22379.92 1041925.32 391495.92
(I) n[an¹$Vm Xmd|
(J) dm{f©{H$¶m±/noÝeZ ^wJVmZ
payment 0.00 0.00 94778.59 0.00 229372.65 552294.05 0.00 324151.24 552294.05 0.00 324151.24 552294.05
(K) AÝ¶ bm^
PQB
(i) Aä¶n©U
Surrenders 1380809.93 1367299.55 48007.07 1554636.37 1496.27 6759.61 0.00 1430313.27 2928695.53 808782.11 1430313.27 3737477.64
(ii) ZH$X ~moZg
Bonuses in cash 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
(iii) AñnVmb ^Vu bm^
Hospitalisation
+ 0.00 0.00 0.00 0.00 0.00 0.00 793.55 0.00 793.55 201.76 0.00 995.31
(iv) ~‹S>o eë¶ bm^
<¢,
+ 0.00 0.00 0.00 0.00 0.00 0.00 1009.85 0.00 1009.85 687.76 0.00 1697.61
(v) Amdmgr¶ CnMma bm^
Domicilliary
+ 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1202.82 0.00 1202.82
(vi) {XZ XoI^mb bm^
; + 0.00 0.00 0.00 0.00 0.00 0.00 212.00 0.00 212.00 0.00 0.00 212.00
(vii) EH _waV bm^/Am`
bm^ ([H ñV Ûmam)
& + \
+ P
installment) 0.00 0.00 0.00 0.00 0.00 0.00
(viii) AÝ¶ Xmdm bmJV
Other Claims Cost 35921.93 12752.79 114.48 0.00 76.70 47.80 401.17 36113.11 13201.76 12785.33 36113.11 25987.09
2 (nwZ~u‘m ‘| A§V[aV am{e):
(Amount ceded in
reinsurance):
(a) Claims by Death (-3470.70) (-10475.41) (-2.30) 0.00 0.00 0.00 0.00 (3473.00) (10475.41) 0.00 (3473.00) (10475.41)
(I) n[an³dVm Xmd|
(J) dm{f©{H$¶m±/noÝe
^wJVmZ
212
payment 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
(K)AÝ¶ bm^
PQB 0.00 0.00 0.00 0.00 0.00 0.00 (-686.18) 0.00 (686.18) (-665.76) 0.00 (1351.94)
AZwgyMr - 4 (Omar)
(` bmImo§ _o§)
(` in lakhs)
ì¶dgm¶
Business
(Mmby df©)
Year)
62 nd Annual Report

3 nwZ~u‘m ‘| ñdrH¥$V am{e:
Amount accepted in
reinsurance:
(H$) ‘¥Ë¶y Xmd|
(a) Claims by Death 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
(I) n[an¹$Vm Xmd|
(J) dm{f©{H$¶m|/noÝeZ
^wJVmZ
in payment 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
(K) AÝ¶ bm^
PQB 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Hw$b
TOTAL 12128354.55 2688344.87 162707.68 2367432.83 269381.48 585589.33 1747.43 12560443.71 5643114.46 1452945.79 12560443.71 7096060.25
XmdoXmam| H$mo AXm
{H$¶m J¶m bm^:
~ '

claimants:
1 ^maV ‘|
In India 12095516.77 2688340.13 162707.68 2367432.83 269381.48 585525.70 1747.43 12527605.93 5643046.09 1452446.74 12527605.93 7095492.83
2 ^maV Ho$ ~mha$
Outside India 32837.78 4.74 0.00 0.00 0.00 63.63 0.00 32837.78 68.37 499.05 32837.78 567.42
Hw$b AXm {H$¶m J¶m
bm^ (ewÕ)
"~ '

(Net) 12128354.55 2688344.87 162707.68 2367432.83 269381.48 585589.33 1747.43 12560443.71 5643114.46 1452945.79 12560443.71 7096060.25
213
AZwgyMr - 5 eo¶a ny±Or : 31.03.2019

(` bmImo§ _o§)
SCHEDULE - 5 SHARE CAPITAL: 31.3.2019
(` in lakhs)
{ddaU Mmby df© {nN>bo df©

Particulars Current Year Previous Year
J¡a-g§~Õ g§~Õ ì¶dgm¶ Hw$b J¡a-g§~Õ g§~Õ ì¶dgm¶ Hw$b

Linked TOTAL Linked TOTAL
ì¶dgm¶ Business
ì¶dgm¶ Business
Non-linked Non-linked
Business Business
A{^XÎm ny±Or 10000.00 0.00 10000.00 10000.00 0.00 10000.00
(OrdZ ~r‘m {ZJ‘ A{Y{Z¶‘, 1956 Ho$ IÊS>

5 Ho$ VhV Ho$ÝÐr¶ gaH$ma Ûmam àXÎm)
Paid up Equity Capital
(Provided by the Central Government in terms of
Section 5 of the Life Insurance Corporation Act,1956)
Hw$b 10000.00 0.00 10000.00 10000.00 0.00 10000.00

Total
^maV ‘| 10000.00 0.00 10000.00 10000.00 0.00 10000.00

In India
^maV Ho$ ~mha 0.00 0.00 0.00 0.00 0.00 0.00

Out of India
Hw$b 10000.00 0.00 10000.00 10000.00 0.00 10000.00

Total
214
214
62 nd Annual Report
AZwgyMr - 6 Ama{jV {Z{Y Ed§ A{Yeof (eo¶aYmaH$m| Ho$) 31.03.2019

(` bmImo§ _o§)
SCHEDULE 6 RESERVES & SURPLUS (SHAREHOLDERS): 31.3.2019
(` in lakhs)
{ddaU Mmby df© Current Year {nN>bo df©

Particulars Previous Year

ì¶dgm¶ Business
ì¶dgm¶ Business
Business Business
1 ny±Or Ama{jV {Z{Y
Capital Reserve 0.00 0.00 0.00 0.00 0.00 0.00
2 ny±Or ‘moMZ Ama{jV {Z{Y

Capital Redemption Reserve 0.00 0.00 0.00 0.00 0.00 0.00
3 eo¶a àr{‘¶‘
Share Premium 0.00 0.00 0.00 0.00 0.00 0.00
4 nwZ‘w©ë¶m§H$Z Ama{jV {Z{Y

Revaluation Reserve
àma§{^H$ eof
Opening Balance 0.00 0.00 0.00 0.00 0.00 0.00
df© Ho$ Xm¡amZ ¶moJ
Additions during the year 0.00 0.00 0.00 0.00 0.00 0.00
df© Ho$ Xm¡amZ H$Q>m¡{V¶m±
Deductions during the year 0.00 0.00 0.00 0.00 0.00 0.00
A§{V_ eof
Closing Balance 0.00 0.00 0.00 0.00 0.00 0.00
5 gm‘mÝ¶ Ama{jV {Z{Y
General Reserves
àma§{^H$ eof
Opening Balance 52753.16 0.00 52753.16 50294.88 0.00 50294.88
A§{V_ eof
Closing Balance 55543.28 0.00 55543.28 52753.16 0.00 52753.16
KQ>mE§ : bm^ hm{Z boIo ‘o Zm‘o A{Yeof. ¶{X H$moB© hmo
& [; & 0.00 0.00 0.00 0.00 0.00 0.00
Account, if any
KQ>mE§ : nwZ©IarX Ho$ {bE à¶wº$ am{e
& [
+4' 0.00 0.00 0.00 0.00 0.00 0.00
6 AmnmVH$mbrZ Ama{jV {Z{Y

Catastrophe Reserve 0.00 0.00 0.00 0.00 0.00 0.00
7 AÝ¶ Ama{jV {Z{Y : {d{Z‘¶ CVma MT>md Ama{jV {Z{Y

Other Reserves:Exchange Fluctuation Reserve (82.78) 0.00 (82.78) (75.41) 0.00 (75.41)
8 bm^-hm{Z boIo ‘| eof bm^

+
& 0.00 0.00 0.00 0.00 0.00 0.00
Account
Hw$b
Total 55460.50 0.00 55460.50 52677.75 0.00 52677.75
^maV ‘|
In India 28115.27 0.00 28115.27 27202.82 0.00 27202.82
^maV Ho$ ~mha
Out of India 27345.23 0.00 27345.23 25474.93 0.00 25474.93
Hw$b Total 55460.50 0.00 55460.50 52677.75 0.00 52677.75
215
AZwgyMr - 6 H$ ~r‘m Ama{jV {Z{Y (nm°{b{gYmaH$mo§ Ho$) : 31.03.2019

(` bmImo§ _o§)
SCHEDULE 6A INSURANCE RESERVES (POLICYHOLDERS): 31.3.2019
(` in lakhs)

ì¶dgm¶ Business
ì¶dgm¶ Business
Business Business
Capital Reserve 0.00 0.00 0.00 0.00 0.00 0.00
Capital Redemption Reserve 0.00 0.00 0.00 0.00 0.00 0.00
3 eo¶a àr{‘¶‘
Share Premium 0.00 0.00 0.00 0.00 0.00 0.00
4 nwZ‘w©ë¶m§H$Z Ama{jV {Z{Y
Revaluation Reserve
àma§{^H$ eof
Opening Balance 933401.70 0.00 933401.70 934316.48 0.00 934316.48
A§{V_ eof
Closing Balance 933428.51 0.00 933428.51 933401.70 0.00 933401.70
General Reserves
àma§{^H$ eof
Opening Balance 41.74 0.00 41.74 41.74 0.00 41.74
A§{V_ eof
Closing Balance 41.74 0.00 41.74 41.74 0.00 41.74
KQ>mE§ : bm^ hm{Z boIo ‘o Zm‘o A{Yeof. ¶{X H$moB© hmo
& [; & #
0.00 0.00 0.00 0.00 0.00 0.00
KQ>mE§ : nwZ©IarX Ho$ {bE à¶wº$ am{e
& [
+4' 0.00 0.00 0.00 0.00 0.00 0.00
6 g‘H$aU Ama{jV {Z{Y
Equalisation Reserve
àma§{^H$ eof
Opening Balance 0.00 0.00 0.00 0.00 0.00 0.00
A§{V_ eof
Closing Balance 0.00 0.00 0.00 0.00 0.00 0.00
7 AmnmVH$mbrZ Ama{jV {Z{Y 0.00 0.00 0.00 0.00 0.00 0.00
Catastrophe Reserve
8 AÝ¶ Ama{jV {Z{Y
Other Reserves
{Zdoe Ama{jV {Z{Y 0.00 0.00 0.00 0.00 0.00 0.00
(i) Investment Reserve
{d{Z‘¶ CVma MT>md Ama{jV {Z{Y 44872.93 18.43 44891.36 36333.98 19.87 36353.85
(ii) Exchange Fluctuation Reserve
9 bm^-hm{Z boI| ‘| eof bm^ 0.00 0.00 0.00 0.00 0.00 0.00
+
&
Account
Hw$b Total 978343.18 18.43 978361.61 969777.42 19.87 969797.29
^maV ‘| In India 939927.06 0.00 939927.06 941003.92 0.00 941003.92
^maV Ho$ ~mha Out of India 38416.12 18.43 38434.55 28773.50 19.87 28793.37
Hw$b Total 978343.18 18.43 978361.61 969777.42 19.87 969797.29
216
216
62 nd Annual Report
AZwgyMr - 7 CYmar : 31.03.2019

(` bmImo§ _o§)
SCHEDULE - 7 BORROWINGS : 31.3.2019
(` in lakhs)


ì¶dgm¶ Business
ì¶dgm¶ Business
Business Business
1 F$U nÌ / ~ÝY nÌ
Debentures/Bonds 0.00 0.00 0.00 0.00 0.00 0.00
2 ~¢H$
Banks 0.00 0.00 0.00 0.00 0.00 0.00
3 {dÎmr¶ g§ñWmZ
Financial Institutions 0.00 0.00 0.00 0.00 0.00 0.00
4 AÝ¶
Others 0.00 0.00 0.00 0.00 0.00 0.00
Hw$b
TOTAL 0.00 0.00 0.00 0.00 0.00 0.00
^maV ‘|
In India 0.00 0.00 0.00 0.00 0.00 0.00
^maV Ho$ ~mha
Outside India 0.00 0.00 0.00 0.00 0.00 0.00
Hw$b
TOTAL 0.00 0.00 0.00 0.00 0.00 0.00
217
AZwgyMr - 8 {Zdoe (eo¶aYmaH$m| Ho$) : 31.03.2019

(` bmImo§ _o§)
SCHEDULE - 8 INVESTMENTS - SHAREHOLDERS: 31.3.2019
(` in lakhs)


ì¶dgm¶ Business
ì¶dgm¶ Business
Business Business
XrK©d{Y {Zdoe
LONG TERM INVESTMENTS
1 IOmZo H$s {~bmo g{hV gaH$mar à{V^y{V¶m± VWm Jma§{Q>V ~ÝY nÌ

Government securities and Government 22576.88 0.00 22576.88 23283.57 0.00 23283.57
guaranteed bonds including Treasury Bills
2 AÝ¶ AZw‘mo{XH$V à{V^y{V¶m±

Other Approved Securities 0.00 0.00 0.00 0.00 0.00 0.00
3 AÝ¶ {Zdoe
Other Investments
(H$) eo¶a
(a) Shares
(H$H$) B{¹$Q>r
(aa) Equity 4870.06 0.00 4870.06 3877.82 0.00 3877.82
(II) A{Y‘mZr
(bb) Preference 0.00 0.00 0.00 0.00 0.00 0.00
(I) gh¶moJ {Z{Y

(b) Mutual Funds 0.00 0.00 0.00 0.00 0.00 0.00
(J) ì¶wáÞ ànÌ

(c) Derivative Instruments 0.00 0.00 0.00 0.00 0.00 0.00
(K) F$U-nÌ/~ÝY-nÌ
(d) Debentures/Bonds 2316.78 0.00 2316.78 2473.51 0.00 2473.51
(S>) AÝ¶ à{V^y{V¶m± : ¶y Q>r AmB© && H¡${nQ>b ‘| àma§{^H$ A§eXmZ

(e) Other Securities :Initial Contribution to UTI II Capital 186.70 0.00 186.70 186.71 0.00 186.71
(M) ghm¶H$/gh^mJr/g§¶wº$ CÚ‘

(f) Subsidiaries/Associates/Joint Ventures 33562.51 0.00 33562.51 28758.14 0.00 28758.14
(N>) {Zdoe g§n{Îm¶m± - g§nXm

(g) Investment Properties - Real Estate 0.00 0.00 0.00 0.00 0.00 0.00
4 ~w{Z¶mXr gw{dYmAm| VWm gm‘m{OH$ joÌ ‘| {Zdoe

Investments in Infrastructure and Social Sector 0.00 0.00 0.00 0.00 0.00 0.00
5 AZw‘mo{XV {Zdoemo Ho$ A{V[aº$ AÝ¶ {Zdoe

Other than Approved Investments 0.00 0.00 0.00 0.00 0.00 0.00
Aënmd{Y {Zdoe
SHORT TERM INVESTMENTS
1 IOmZo H$s {~bm| g{hV gaH$mar à{V^y{V¶m± VWm Jma§{Q>V ~ÝY-nÌ

2 AÝ¶ AZw‘mo{XV à{V^y{V¶m± Other Approved Securities 0.00 0.00 0.00 0.00 0.00 0.00
218
218
62 nd Annual Report
AZwgyMr - 8 {Zdoe (Omar)

(` bmImo§ _o§)
SCHEDULE 8 31.03.2019 (Contd.)
(` in lakhs)


ì¶dgm¶ Business
ì¶dgm¶ Business
Business Business
3 AÝ¶ {Zdoe/ Other Investments
(H$) eo¶a (a) Shares
(H$ H$) B{¹$Q>r
(aa) Equity 0.00 0.00 0.00 0.00 0.00 0.00
(I I) A{Y‘mZr
(bb) Preference 0.00 0.00 0.00 0.00 0.00 0.00
(I) gh¶moJ {Z{Y
(b) Mutual Funds 0.00 0.00 0.00 0.00 0.00 0.00
(J) ì¶wáÞ ànÌ)
(K) F$U-nÌ/~ÝY nÌ
(S>) AÝ¶ à{V^y{V¶m±
(e) Other Securities 0.00 0.00 0.00 0.00 0.00 0.00
(M) ghm¶H$
(f) Subsidiaries 0.00 0.00 0.00 0.00 0.00 0.00
(g) Investment properties - Real Estate 0.00 0.00 0.00 0.00 0.00 0.00
4 ~w{Z¶mXr gw{dYm¶m| VWm gm‘m{OH$ joÌ ‘| {Zdoe
5 AZw‘mo{XV {Zdoem| Ho A{V[aº$ AÝ¶ {Zdoe
Hw$b Total 63661.93 0.00 63661.93 58579.75 0.00 58579.75
{Zdoe (eo¶aYmaH$mo Ho$)
INVESTMENTS
1 ^maV ‘|
In India 20856.33 0.00 20856.33 20867.65 0.00 20867.65
2 ^maV Ho$ ~mha
Outside India 42805.60 0.00 42805.60 37712.10 0.00 37712.10
Hw$b Total 63661.93 0.00 63661.93 58579.75 0.00 58579.75
(` bmIm| ‘|) (` in lakhs)
{Q>ßnUr : ghm¶H$ / gh^mJr / g§¶wº$ CnH«$‘ ‘| {Zdoe NOTE: Investments in Subsidiaries/Associates/JV : Mmby df© {nN>bo df©
Or.~r.{Z. noÝeZ ’§$S> {b{‘Q>oS> LIC Pension Fund Ltd 3000.00 3000.00
Or.~r.{Z. H$mS>© g{d©gog {b{‘Q>oS> LIC Card Services Ltd 100.00 100.00
Or.~r.{Z. (A§Vaamï´>r¶) ~r.Eg.gr. (gr.) ~harZ Life Insurance Corporation (International) B.S.C ( c ) , Bahrain 5929.27 5929.27
Ho$ZB§{S>¶m Eí¶moaoÝg H§$nZr {b{‘Q>oS> Kennindia Assurance Co. Ltd. 78.15 78.15
Or.~r.{Z. (Zonmb) {b{‘Q>oS> LIC (Nepal) Ltd. 1239.69 1239.69
Or.~r.{Z. (b§H$m) {b{‘Q>oS> LIC (Lanka) Ltd 1688.46 1688.46
ghH$mar ~r‘m Ho$ {bE gD$Xr ^maVr¶ H§$nZr Saudi Indian Company for Cooperative Insurance 716.77 1204.40
Or.~r.{Z. (qgJmnya) nr.Q>r.B©. {b{‘Q>oS> LIC Insurance Corporation (Singapore) Pte Ltd 16431.87 11139.87
Or.~r.{Z. (~§JbmXoe) {b{‘Q>oS> LIC (Bangladesh) Ltd. 4378.30 4378.30
Hw$b TOTAL TOTAL 33562.51 28758.14
{Q>ßnUr : 31.03.2019 H$mo gH$b gyMr~Õ B{¹$Q>r à{V^y{V¶mo# Ho$ Abmdm AÝ¶ ‘| EbAmB©grHo$ {Zdoe H$s am{e Am¡a CgH$m ~mOma ‘wë¶
NOTE: Aggregate amount of LIC's investment in other than listed equity securities# and the market value thereof as at 31.3.2019
gyMr~Õ B{¹$Q>r Ho$ Abmdm AÝ¶ H$m ~hr ‘yë¶ Book value of other than listed equity 3286.71 3286.71
gyMr~Õ B{¹$Q>r Ho$ Abmdm AÝ¶ H$m ~mOma ‘yë¶* Market value of other than listed equity* 3286.71 3286.71
# H$manmoaoQ> ‘§Ìmb¶ H$s gmBQ> na CnbãY pñWVr Ho$ AmYma na <
I
* H$‘r Ho$ {bE ~wH$ d¡ë¶y H$‘ àmdYmZ * Book value less provision for diminution
219
AZwgyMr - 8H$ {Zdoe (nm°{b{gYmaH$m| Ho$) : 31.03.2019

SCHEDULE - 8A INVESTMENTS - POLICYHOLDERS: 31.3.2019 (` bmImo§ _o§)
(` in lakhs)


ì¶dgm¶ Business
ì¶dgm¶ Business
Business Business
XrKm©d{Y {Zdoe


3 (H$) eo¶a
(a) Shares
(H$H$) B{ŠdQr
(aa) Equity 45701669.45 0.00 45701669.45 45863876.03 0.00 45863876.03
(I I) A{Y‘mZr
(bb) Preference 175.23 0.00 175.23 58680.97 0.00 58680.97
(I) gh¶moJ {Z{Y
(b) Mutual Funds 0.00 0.00 0.00 24798.60 0.00 24798.60
(J) ì¶wáÞ ànÌ

(S>) AÝ¶ à{V^y{V¶m± :

(e) Other Securities
^maV gaH$ma Ho$ gmW {deof O‘m
Special Deposit with Government of India 0.00 0.00 0.00 0.00 0.00 0.00
gm‘m{OH$ gwajm {Z{Y Ho$ gmW O‘m
Deposits with Social Security Fund 0.00 0.00 0.00 0.00 0.00 0.00
AÝ¶ à{V^y{V¶m± VWm ~ÝY-nÌ
Other Securities & Bonds 21078.45 0.00 21078.45 24239.23 0.00 24239.23
¶y Q>r AmB© II H¡${nQ>b ‘| àma§{^H$ A§eXmZ
Initial Contribution to UTI II Capital 22883.39 0.00 22883.39 22883.39 0.00 22883.39
(M) ghm¶H$/gh^mJr/g§¶wº$ CÚ‘

(f) Subsidiaries/Associates/Joint Ventures 2515224.47 0.00 2515224.47 111922.02 0.00 111922.02


6 g§{X½K {Zdooem| Ho$ {bE àmdYmZ

Provision for Doubtful Investments (581588.17) 0.00 (581588.17) (675247.83) 0.00 (675247.83)
Aënmd{Y {Zdoe

2 AÝ¶ AZw‘mo{XV à{V^y{V¶m±

220
220
62 nd Annual Report
AZwgyMr - 8H$ {Zdoe (Omar)

(` bmImo§ _o§)
SCHEDULE 8A- 31.03.2019 (Contd.)
(` in lakhs)


ì¶dgm¶ Business
ì¶dgm¶ Business
Business Business
3 (H$) eo¶a (a) Shares
(H$H$) B{ŠdQr
(aa) Equity 0.00 0.00 0.00 0.00 0.00 0.00
(I I) A{Y‘mZr
(bb) Preference 0.00 0.00 0.00 0.00 0.00 0.00
(I) gh¶moJ {Z{Y
(b) Mutual Funds 300311.66 0.00 300311.66 107868.13 0.00 107868.13
(e) Other Securities
Commercial Papers 0.00 0.00 0.00 0.00 0.00 0.00
Special Deposit with Government of India 0.00 0.00 0.00 0.00 0.00 0.00
(M) ghm¶H$
(f) Subsidiaries 0.00 0.00 0.00 0.00 0.00 0.00
(N) {Zdoe gån{Îm¶m±-g§nXm
(g) Investments Properties- Real Estate 0.00 0.00 0.00 0.00 0.00 0.00


6 g§{X½Y VWm Cn‘mZH$ n[agån{Îm¶m| Ho$ {bE àmdYmZ

Provision for Doubtful and substandard assets (859868.90) 0.00 (859868.90) (413566.85) 0.00 (413566.85)
Hw$b Total 275354946.19 0.00 275354946.19 251554956.71 0.00 251554956.71
INVESTMENTS
1 ^maV ‘|
In India 275033684.79 0.00 275033684.79 251262194.89 0.00 251262194.89
2 ^maV Ho$ ~mha

Outside India 321261.40 0.00 321261.40 292761.82 0.00 292761.82
TOTAL 275354946.19 0.00 275354946.19 251554956.71 0.00 251554956.71

{Q>ßnUr : ghm¶H$ / gh^mJr / g§¶wº$ CnH«$‘ ‘| {Zdoe NOTE: Investments in Subsidiaries/Associates/JV :
Or.~r.{Z. å¶wÀ¶wAb ’§$S> E E‘ gr LIC Mutual Fund AMC Ltd. 495.00 495.00
Or.~r.{Z.J¥h {dÎm {b. LIC Housing Finance Ltd 98599.11 98599.11
Or.~r.{Z. å¶wÀ¶wAb ’§$S> àma§{^H$ ¶moJXmZ LIC Mutual Fund Initial Contribution. 200.00 200.00
Or.~r.{Z. å¶wÀ¶wAb ’§$S> Q´>ñQ>r H§$. àm. {b. LIC Mutual Fund Trustee Co Pvt Ltd 0.49 0.49
Or.~r.{Z. EME’$Eb EogoQ> ‘¡ZoO‘¢Q> H§$. {b. LIC HFL Asset Management Co.Ltd 49.44 49.44
Or.~r.{Z. (A§Vaamï´>r¶) ~r.Egr.gr. (gr.) ~h[aZ LIC (International)B.S.C.( c) , Bahrain 5577.97 5577.97
B§{S>¶m BÝ’«$mS>oãQ> {b. India Infradebt NIL 7000.00
AmB©Sr~rAmB© IDBI BANK 2407828.34 NIL
Hw$b TOTAL TOTAL 2512750.35 111922.01
{Q>ßnUr : 31.03.2019 H$mo gH$b gyMr~Õ B{¹$Q>r à{V^y{V¶mo# Ho$ Abmdm AÝ¶ ‘| EbAmB©grHo$ {Zdoe H$s am{e Am¡a CgH$m ~mOma ‘wë¶
NOTE: Aggregate amount of LIC's investment in other than listed equity securities# and the marketvalue thereof as at 31.3.2019
gyMr~Õ B{¹$Q>r Ho$ Abmdm AÝ¶ H$m ~hr ‘yë¶ Book value of other than listed equity 288659.35 281815.71
gyMr~Õ B{¹$Q>r Ho$ Abmdm AÝ¶ H$m ~mOma ‘yë¶* Market value of other than listed equity* 130587.21 237057.36
# H$manmoaoQ> ‘§Ìmb¶ H$s gmBQ> na CnbãY pñWVr Ho$ AmYma na <
I
* H$‘r Ho$ {bE ~wH$ d¡ë¶y H$‘ àmdYmZ * Book value less provision for diminution
221
AZwgyMr - 8I g§~Õ Xm{¶Ëd a{jV H$aZo Ho$ {bE n[ag§n{Îm¶m± : 31.03.2019

SCHEDULE - 8B ASSETS HELD TO COVER LINKED LIABILITIES : 31.3.2019 (` bmImo§ _o§)
(` in lakhs)


ì¶dgm¶ Business
ì¶dgm¶ Business
Business Business
XrKm©d{Y {Zdoe

Government securities and Government
guaranteed bonds including Treasury Bills 0.00 3089499.50 3089499.50 0.00 2921876.58 2921876.58

3 (H$) eo¶a
(a) Shares
(H$H$) B{ŠdQr
(aa) Equity 0.00 2249249.00 2249249.00 0.00 2946434.88 2946434.88
(II) A{Y‘mZr
(bb) Preference 0.00 0.00 0.00 0.00 4853.71 4853.71
(I) gh¶moJ {Z{Y

(b) Mutual Funds 0.00 0.00 0.00 0.00 0.00 0.00
(J) ì¶wáÞ ànÌ

(S>) AÝ¶ à{V^y{V¶m± :

(M>) ghm¶H$
(f) Subsidiaries 0.00 0.00 0.00 0.00 0.00 0.00



Aënmd{Y {Zdoe

2 AÝ¶ AZw‘mo{XV à{V^y{V¶m±

222
222
62 nd Annual Report
31.03.2019
AZwgyMr - 8I$- (Omar)
(` bmImo§ _o§)
SCHEDULE 8B - 31.03.2019 (Contd.)
(` in lakhs)


ì¶dgm¶ Business
ì¶dgm¶ Business
Business Business
3 (H$) eo¶a
(a) Shares
(H$H$) B{¹$Q>r
(aa) Equity 0.00 0.00 0.00 0.00 0.00 0.00
(II) A{Y‘mZr
(bb) Preference 0.00 0.00 0.00 0.00 0.00 0.00
(I) gh¶moJ {Z{Y
(b) Mutual Funds 0.00 398288.61 398288.61 0.00 560431.09 560431.09
(M) ghm¶H$
(f) Subsidiaries 0.00 0.00 0.00 0.00 0.00 0.00
(N) {Zdoe gån{Îm¶m±-g§nXm
(g) Investments Properties- Real Estate 0.00 0.00 0.00 0.00 0.00 0.00
Other than Approved Investments 0.00 0.00 0.00 0.00 0.00 -0.01
Mmby nagån{Îm¶m±
Current Assets
6 amoH$‹S> Ed§ ~¢H$ ‘| A{Veof
Cash & Bank Balance
amoH$‹S> Cash (including cheques, drafts and stamps) 0.00 433.26 433.26 0.00 160.30 160.30
~¢H$ ‘| A{Veof
Bank Balance (Deposits)
(H$) O‘m (a) Deposits
(H$H$) Aënmd{Y
(aa) Short term 0.00 0.00 0.00 0.00 0.00 0.00
(I I) AÝ¶
(bb) Others 0.00 0.00 0.00 0.00 0.00 0.00
(I) Mmby ImVm
(b) Current Accounts 0.00 284.13 284.13 0.00 1142.67 1142.67
(J) AÝ¶
(c) Others 0.00 0.00 0.00 0.00 0.00 0.00
7 A{J«‘ Advances
AXm {H$¶m J¶m A{J«‘ H$a Ed§ ñÌmoV H$a H$Q>m¡Vr
Advance tax paid and tax deducted at source 0.00 0.00 0.00 0.00 0.00 0.00
AÝ¶ A{J«‘
Other Advances 0.00 35475.31 35475.31 0.00 12339.36 12339.36
{Zdoemona ~H$m¶m / àmoX^yV Am¶
Income outstanding/accrued on investments 0.00 57530.13 57530.13 0.00 76914.31 76914.31
Hw$b (H$) - Mmby n[agån{Îm¶m±
Total (A)- Current Assets 0.00 93722.83 93722.83 0.00 90556.64 90556.64
223
- 31.03.2019
AZwgyMr - 8I (Omar)
(` bmImo§ _o§)
SCHEDULE 8B - 31.03.2019 (Contd.)
(` in lakhs)


ì¶dgm¶ Business
ì¶dgm¶ Business
Business Business
8 Mmby Xm{¶Ëd
Current Liabilities
’w$Q>H$a boZXoZ
Sundry Creditors 0.00 3667.00 3667.00 0.00 5233.33 5233.33
Mmby Xm{¶Ëd
Total (B)- Current Liabilities 0.00 3667.00 3667.00 0.00 5233.33 5233.33
ewÕ Mmby n[agån{Îm¶m± (H$-I)
Net current assets (A-B) 0.00 90055.83 90055.83 0.00 85323.31 85323.31
Hw$b TOTAL 0.00 7568137.19 7568137.19 0.00 8813358.34 8813358.33

INVESTMENTS
1 ^maV ‘|
In India 0.00 7562529.73 7562529.73 0.00 8808227.67 8808227.66
2 ^maV Ho$ ~mha

Outside India 0.00 5607.46 5607.46 0.00 5130.67 5130.67
TOTAL 0.00 7568137.19 7568137.19 0.00 8813358.34 8813358.33
{Q>ßnUr * Añdm{‘H$ {Z{Y ` 14193.17/- bmI ({nNbo df© ` 11771.08 bmI) Ho$ g{hV
NOTE: * Inclusive of ` 14193.17/- Lakhs(Previous Year ` 11771.08 Lakh) pertaining to Discontinued Fund.
{Q>ßnUr 31.3.2019 H$mo gH$b gyMr~Õ B{¹$Q>r à{V^y{V¶m| # Ho$ Abmdm AÝ¶ ‘| EbAmB©gr Ho$ {Zdoe H$s am{e Am¡a CgH$m ~mOma ‘wë¶
NOTE: Aggregate amount of LIC’s investment in other than listed equity securities# and the market value thereof as at 31.03.2019:
(` bmIm| ‘|)
(` in lakhs)

Curren t Year Previous Year
gyMr~Õ B{¹$Q>r Abmdm AÝ¶ H$m dhr ‘yë¶ 24478.97 24478.97
Book value of other than listed equity
gyMr~Õ B{¹$Q>r Ho$ Abmdm AÝ¶ H$m ~mOma ‘yë¶* 0.00 0.00
Market value of other than listed equity*
# H$manmoaoQ> ‘§Ìmb¶ H$r gmBQ> na CnbãY pñW{V Ho$ AmYma na

<
I
*gyMr~Õ B{¹$Q>r Ho$ Abmdm AÝ¶ H$m ~hr ‘yë¶
*Book value less provision for diminution
224
224
62 nd Annual Report
AZwgyMr - 9 F$U : 31.3.2019

(` bmImo§ _o§)
SCHEDULE - 9 LOANS: 31.3.2019
(` in lakhs)


ì¶dgm¶ Business
ì¶dgm¶ Business
Business Business
1 à{V^y{Vdma dJuH$aU
SECURITY - WISE CLASSIFICATION
a{jV Secured
(k) g§n{Îm Ho$ ~§YH$ aIZo na
(a) On mortgage of property
(H$H$) ^maV ‘o
(aa) In India 1779615.31 0.00 1779615.31 1891602.52 0.00 1891602.52
(II) ^maV Ho$ ~mha
(bb) Outside India 1646.68 0.00 1646.68 1859.56 0.00 1859.56
(I) eo¶am|, ~§YnÌmo, gaH$mar à{V^y{V¶m± Am{X na
(b) On Shares, Bonds, Govt. Securities, etc. 0.00 0.00 0.00 0.00 0.00 0.00
(J) nm°{b{g¶m§ na F$U
(c) Loans against Policies 9207277.12 1477.29 9208754.41 8482446.11 1742.97 8484189.08
(K) AÝ¶
(d) Others
gaH$ma Ûmam Jma§{Q>V
Guaranteed by Government 549281.64 0.00 549281.64 658407.12 0.00 658407.12
{Jadr
Hypothecation 90509.99 0.00 90509.99 93269.51 0.00 93269.51
EEZE’$ A{J«‘
ANF Advances 0.02 0.00 0.02 0.22 0.00 0.22
AZma{jV F$U
Unsecured Loans 106205.01 0.00 106205.01 109933.74 0.00 109933.74
g§{X½Y F$Um| Ho$ {bE àmdYmZ
Provision for Doubtful Loans (1303758.04) 0.00 (1303758.04) (964281.42) 0.00 (964281.42)
Hw$b / Total 10430777.73 1477.29 10432255.02 10273237.36 1742.97 10274980.33
2 CYmaH$Vm©dma dJuH$aU
BORROWER - WISE CLASSIFICATION
(H$) H|$Ð VWm amÁ¶ gaH$ma
(a) Central and State Governments 340669.76 0.00 340669.76 395534.68 0.00 395534.68
(I) ~¢H$ VWm {dÎmr¶ g§ñWmZ
(b) Banks and Financial Institutions 0.00 0.00 0.00 10.30 0.00 10.30
(J) ghm¶H$
(c) Subsidiaries 0.00 0.00 0.00 0.00 0.00 0.00
(K) H§$n{Z¶m±
(d) Companies 1591929.80 0.00 1591929.80 1658632.53 0.00 1658632.53
(S>) nm°{b{g¶mo na F$U
(e) Loans against policies 9207277.12 1477.29 9208754.41 8482446.11 1742.97 8484189.08
(M) AÝ¶
(f) Others
~§YH$ g§n{Îm
Mortgage Property 36384.71 0.00 36384.71 37284.91 0.00 37284.91
‘hmZJanm{bH$mE±
Municipalities 7088.00 0.00 7088.00 7962.56 0.00 7962.56
amÁ¶ {dÚwV‘§S>b / D$Om© CËnmXH$
State Electricity Boards/ Power Generators 260200.04 0.00 260200.04 338980.32 0.00 338980.32
amÁ¶ g‹S>H$ n[adhZ {ZJ‘
State Road Transport Corporation 0.00 0.00 0.00 0.00 0.00 0.00
ghH$mar Am¡Úmo{JH$ g§nXm
Co-operative Industrial Estates 0.00 0.00 0.00 0.00 0.00 0.00
ghH$mar Amdmg g§ñWmE±
Housing Co-op Societies 44632.97 0.00 44632.97 38800.59 0.00 38800.59
225
AZwgyMr - 9 F$U : 31.3.2019 (Omar)

(` bmImo§ _o§)
SCHEDULE - 9 LOANS: 31.3.2019 (Contd.)
(` in lakhs)


ì¶dgm¶ Business
ì¶dgm¶ Business
Business Business
qgMZ joÌ / Irrigation Sector 10666.67 0.00 10666.67 24666.65 0.00 24666.65
S>ãë¶y.Eg.~r., Eg.E’$.gr. nr.Q>r.Ama. Amo.Q>r.EM., Eb.S>r.~r..,
AmXr
WSB, SFC, PTR,OTH,LDB Etc. 235686.06 0.00 235686.06 253199.29 0.00 253199.29
EEZE’$ A{J«‘/ ANF Advances 0.02 0.00 0.02 0.22 0.00 0.22
AÝ¶ F$U / Other Loans 0.62 0.00 0.62 0.62 0.00 0.62
(N>) AemoÜ¶ VWm g§{X½Y F$Um| Ho$ {bE àmdYmZ

(g) Provision for bad and doubtful debts (1303758.04) 0.00 (1303758.04) (964281.42) 0.00 (964281.42)
Hw$b Total 10430777.73 1477.29 10432255.02 10273237.36 1742.97 10274980.33
3 {ZînmXZdma dJuUH$a
PERFORMANCE - WISE CLASSIFICATION
(H$) dJuH¥$V ‘mZH$ F$U
PQ&
(H$H$) ^maV ‘|
(aa) In India 10377327.54 1477.29 10378804.83 9959024.94 1742.97 9960767.91
(II) ^maV Ho$ ~mha
(bb) Outside India 17753.45 0.00 17753.45 17475.91 0.00 17475.91
‘mZH$ F$U Ho$ {bE àmdYmZ
Provision for Standard Loans (41577.84) 0.00 (41577.84) (51009.52) 0.00 (51009.52)
(I) J¡a ‘mZH$ F$U
(b) Non-standard loans
(aa)
^maV ‘| / In India 1338051.56 0.00 1338051.56 1261017.93 0.00 1261017.93
^maV Ho$ ~mha /Outside India
(bb) 1403.22 0.00 1403.22 0.00 0.00 0.00
J¡a ‘mZH$ F$U Ho$ {bE àmdYmZ
Provision for Non Standard Loans (1262180.20) 0.00 (1262180.20) (913271.90) 0.00 (913271.90)
Hw$b Total 10430777.73 1477.29 10432255.02 10273237.36 1742.97 10274980.33
4 n[adMVmdma dJuH$aU
MATURITY - WISE CLASSIFICIATION
(H$) Aënmd{Y / (a) Short Term
^maV ‘| / In India 296326.57 0.00 296326.57 208015.48 0.00 208015.48
^maV Ho$ ~mha / Out of India 460.91 0.00 460.91 391.96 0.00 391.96
AënmdYr Ho$ {bE àmdYmZ
Provision for Short Term (249813.72) 0.00 (249813.72) (183863.79) 0.00 (183863.79)
(I) XrKm©d{Y (b) Long Term

^maV ‘| / In India 11419052.53 1477.29 11420529.82 11012027.39 1742.97 11013770.36
XrKm©d{X Ho$ {bE àmdYmZ
Provision for Long Term (1053944.32) 0.00 (1053944.32) (780417.63) 0.00 (780417.63)
Hw$b Total 10430777.73 1477.29 10432255.02 10273237.36 1742.97 10274980.33
F$U LOANS
1 ^maV ‘| / In India 10412341.20 1477.29 10413818.49 10257559.02 1742.97 10259301.99

2 ^maV Ho$ ~mha /Outside India 18436.53 0.00 18436.53 15678.34 0.00 15678.34
Hw$b TOTAL 10430777.73 1477.29 10432255.02 10273237.36 1742.97 10274980.33
Note: Policy loans (In India business) has been categorised under Long term.
226
226
AZwgyMr - 10 AMb n[ag§n{Îm¶m± : 31.3.2019
SCHEDULE - 10 FIXED ASSETS: 31.3.2019 (` bmImo§ _o§)
(` in lakhs)
{ddaU Particulars J¡a-g§~Õ ì¶dgm¶ g§~Õ Hw$b ewÕ ãbm°H$

Non-linked Business Total Net Block
ì¶dgm¶
Linked
Business
bmJV / Hw$b ãbm°H$ Cost/Gross Block ‘yë¶èhmg n[aemoYZ Am¡a hm{Z ewÕ ãbm°H$
Depreciation/Amortisation & Impairment Net Block
àma§{^H$ Omo‹S> H$Q>m¡{V¶m± A§{V‘ {nN>bo df© df© Ho$ {bE {dH«$s / VmarI VH$ df© Ho$ A§V ‘| df© Ho$ A§V ‘| Mmby df© {nN>bo df©
Opening Closing For The year As at year As at year Current Year Previous
62 nd Annual Report
Additions Deductions VH$ Up to Date

01.04.2018 31.03.2019 g‘m¶moOZ na end end Year
Upto Last On Sales/
year ¢
JwS>{db
Goodwill 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
AàË¶j
Intangibles 4991.14 0.00 0.00 4991.14 890.70 0.00 -512.55 1403.25 3587.89 0.00 3587.89 4100.44
^y{‘-nyU© g§nXm
Land-Freehold 9589.28 46.53 258.50 9377.31 0.00 0.00 0.00 0.00 9377.31 0.00 9377.31 9589.28
nQR ^w{‘
Land-Leasehold 8916.68 0.00 99.48 8817.20 812.16 99.17 0.00 911.33 7905.87 0.00 7905.87 8104.52
^dZ
Buildings 233433.25 11163.90 2183.19 242413.96 62912.41 6750.50 17.54 69645.37 172768.59 0.00 172768.59 170520.84
’$ZuMa Ed§ {’$qQ>J

Furniture & Fittings 42854.75 2589.96 655.80 44788.91 31566.09 3057.74 723.11 33900.72 10888.19 0.00 10888.19 11288.66
gyMZm àmÜ¶mo{JH$s CnñH$a

Information Technology
Equipment 115349.53 12199.00 4864.42 122684.11 94790.57 11033.75 5964.79 99859.53 22824.58 0.00 22824.58 20558.96
dmhZ
Vehicles 69282.62 13824.87 2581.71 80525.78 43155.14 9892.28 2585.80 50461.62 30064.16 0.00 30064.16 26127.48
H$m¶m©b¶ CnñH$a
BJ " 6564.25 220.25 96.40 6688.10 5330.10 397.24 107.95 5619.39 1068.71 0.00 1068.71 1234.15
AÝ¶/ Others
Q>o{b’$moZ
Telephones 1416.29 41.66 10.04 1447.91 1204.39 35.15 6.05 1233.49 214.42 0.00 214.42 211.90
’¡$³g/BnrE~rE³g
Fax/EPabx 260.89 0.20 1.78 259.31 255.42 1.84 1.87 255.39 3.92 0.00 3.92 5.47
‘mo~mB©b ’$moZ
Mobile Phones 31.77 3.63 0.55 34.85 26.80 3.24 0.55 29.49 5.36 0.00 5.36 4.97
nwñVH$mb¶ H$s nwñVHo$

Library books 54.70 2.76 1.39 56.07 52.60 1.35 -0.22 54.17 1.90 0.00 1.90 2.10
{d{dY ny±Or CnñH$a

Miscellaneous Capital
Equipment 5085.53 377.11 30.12 5432.52 3355.71 305.72 14.99 3646.44 1786.08 0.00 1786.08 1729.82
227
AZwgyMr - 10 AMb n[ag§n{Îm¶m± : 31.3.2019 (Omar)
(` bmImo§ _o§)
228
SCHEDULE - 10 FIXED ASSETS: 31.3.2019 (Contd.)
(` in lakhs)

ì¶dgm¶
Linked
Business
bmJV / Hw$b ãbm°H$ Cost/Gross Block ‘yë¶èhmg n[aemoYZ Am¡a hm{Z ewÕ ãbm°H$
Opening Additions Deductions Closing For The year Up to Date As at year As at year Current Year Previous
01.04.2018 31.03.2019
VH$ g‘m¶moOZ na end end Year
Upto Last On Sales/
year ¢
X¥î¶lmì¶ VWm AÝ¶ gå~[ÝYV

àMma CnñH$a
Audio visual and other allied
publicity equipment 6413.93 681.28 23.33 7071.88 4096.27 884.51 15.48 4965.30 2106.58 0.00 2106.58 2317.66
B§{OZr¶[a¨J {d^mJ CnñH$a

Engineering Dept. equipment 6.49 0.00 0.00 6.49 5.01 0.50 0.00 5.51 0.98 0.00 0.98 1.48
ìhmobQ>oO ñQ>{~bm¶Pa VWm ¶y.nr.

Eg.
@ *, 13671.20 893.91 427.24 14137.87 12090.09 871.43 450.61 12510.91 1626.96 0.00 1626.96 1581.11
{H$amE Ho$ ^dZmona OZaoQ>a, S>r.

Or. goQ>g²
Generators, DG sets in
rented premises 182.52 9.79 2.90 189.41 151.26 14.99 -4.02 170.27 19.14 0.00 19.14 31.26
^dZmo H$r ZdrZrH$aU

Modernisation of Premises 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Hw$b / Total 518104.82 42054.85 11236.85 548922.82 260694.72 33349.41 9371.95 284672.18 264250.64 0.00 264250.64 257410.10
àJ{V na H$m¶©
Work in Progress 17476.05 8865.90 2192.51 24149.44 0.00 0.00 0.00 0.00 24149.44 0.00 24149.44 17476.05
gH$b Hw$b / Grand Total 535580.87 50920.75 13429.36 573072.26 260694.72 33349.41 9371.95 284672.18 288400.08 0.00 288400.08 274886.15
{nN>bo gmb H$m Hw$b

Previous Year 505149.85 57141.48 26710.46 535580.87 246570.87 30183.57 16059.72 260694.72 274886.15 0.00 274886.15 258578.98
{Q>ßnUr : *Mmby df© ‘o§ Q>r.S>r.Ama. na 512.56 bmI H$s ‘yë¶ hm{Z H$m boIm§H$Z {H$¶m J¶m
{;'; "\\` $

">\
228
AZwgyMr - 10 AMb n[ag§n{Îm¶m± : 31.3.2018
SCHEDULE - 10 FIXED ASSETS: 31.3.2018 (` bmImo§ _o§)
(` in lakhs)

ì¶dgm¶
Linked
Business
bmJV / Hw$b ãbmH$ Cost/Gross Block ‘yë¶èhmg n[aemoYZ Am¡a hm{Z ewÕ ãbm°H$
Opening Closing For The year Up to Date As at year As at year Current Year Previous
62 nd Annual Report
Additions Deductions VH$ g‘m¶moOZ na

01.04.2017 31.03.2018 end end Year
Upto Last On Sales/
year ¢
JwS>{db
Goodwill 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
AàË¶j
Intangibles 4991.14 0.00 0.00 4991.14 378.14 0.00 -512.56 890.70 4100.44 0.00 4100.44 4613.00
^y{‘-nyU© g§nXm
Land-Freehold 12493.09 914.56 3818.37 9589.28 59.31 0.00 59.31 0.00 9589.28 0.00 9589.28 12433.78
nQR ^w{‘
Land-Leasehold 8926.56 0.00 9.88 8916.68 710.42 101.74 0.00 812.16 8104.52 0.00 8104.52 8216.14
^dZ
Buildings 220291.25 13358.11 216.11 233433.25 56636.84 6359.56 83.99 62912.41 170520.84 0.00 170520.84 163654.41
’$ZuMa Ed§ {’$qQ>J

Furniture & Fittings 44899.99 2645.11 4690.35 42854.75 32596.66 3706.69 4737.26 31566.09 11288.66 0.00 11288.66 12303.33
gyMZm àmÜ¶mo{JH$s CnñH$a

Information Technology
Equipment 103403.92 17820.51 5874.90 115349.53 92244.73 9121.19 6575.35 94790.57 20558.96 0.00 20558.96 11159.19
dmhZ
Vehicles 60578.39 12664.41 3960.18 69282.62 39121.95 8569.39 4536.20 43155.14 26127.48 0.00 26127.48 21456.44
H$m¶m©b¶ CnñH$a
BJ " 6478.32 208.73 122.80 6564.25 5087.79 392.51 150.20 5330.10 1234.15 0.00 1234.15 1390.53
AÝ¶/ Others
Q>o{b’$moZ
Telephones 1342.64 86.78 13.13 1416.29 1182.76 31.48 9.85 1204.39 211.90 0.00 211.90 159.88
’¡$³g/nrEãmrE³g
Fax/Pabx 277.40 -0.31 16.20 260.89 269.91 1.99 16.48 255.42 5.47 0.00 5.47 7.49
‘mo~mB©b ’$moZ
Mobile Phones 28.69 4.20 1.12 31.77 25.81 1.93 0.94 26.80 4.97 0.00 4.97 2.88
nwñVH$mb¶ H$s nwñVHo$

Library books 68.91 -14.71 -0.50 54.70 66.64 0.91 14.95 52.60 2.10 0.00 2.10 2.27
{d{dY ny±Or CnñH$a

Miscellaneous Capital
Equipment 4602.04 522.45 38.96 5085.53 3097.86 283.41 25.56 3355.71 1729.82 0.00 1729.82 1504.18
229
AZwgyMr - 10 AMb n[ag§n{Îm¶m± : 31.3.2018 (Omar)
(` bmImo§ _o§)
230
SCHEDULE - 10 FIXED ASSETS: 31.3.2018 (Contd.)
(` in lakhs)

ì¶dgm¶
Linked
Business
bmJV / Hw$b ãbmH$ Cost/Gross Block ‘yë¶èhmg n[aemoYZ Am¡a hm{Z ewÕ ãbm°H$
Opening Additions Deductions Closing For The year Up to Date As at year As at year Current Year Previous
01.04.2017 31.03.2018
VH$ g‘m¶moOZ na end end Year
Upto Last On Sales/
year ¢
X¥î¶lmì¶ VWm AÝ¶ gå~[ÝYV

àMma CnñH$a
Audio visual and other allied
publicity equipment 5283.07 1155.26 24.40 6413.93 3388.45 724.60 16.78 4096.27 2317.66 0.00 2317.66 1894.62
B§{OZr¶[a¨J {d^mJ CnñH$a

Engineering Dept. equipment 6.49 0.00 0.00 6.49 4.50 0.51 0.00 5.01 1.48 0.00 1.48 1.99
ìhmobQ>oO ñQ>{~bm¶Pa VWm ¶y.nr.

Eg.
@ *, 13048.85 976.81 354.46 13671.20 11565.42 865.93 341.26 12090.09 1581.11 0.00 1581.11 1483.43
{H$amE Ho$ ^dZmona OZaoQ>a, S>r.

Or. goQ>g²
Generators, DG sets in
rented premises 185.92 -2.43 0.97 182.52 133.68 21.73 4.15 151.26 31.26 0.00 31.26 52.24
^dZmo H$r ZdrZrH$aU

Modernisation of Premises 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Hw$b / Total 486906.67 50339.48 19141.33 518104.82 246570.87 30183.57 16059.72 260694.72 257410.10 0.00 257410.10 240335.80
àJ{V na H$m¶©
Work in Progress 18243.18 6802.00 7569.13 17476.05 0.00 0.00 0.00 0.00 17476.05 0.00 17476.05 18243.18
gH$b Hw$b / Grand Total 505149.85 57141.48 26710.46 535580.87 246570.87 30183.57 16059.72 260694.72 274886.15 0.00 274886.15 258578.98
{nN>bo gmb H$m Hw$b

Previous Year 538485.90 34399.85 67735.90 505149.85 227347.02 32601.31 13377.46 246570.87 258578.98 0.00 258578.98 311138.88
{Q>ßnUr : *Mmby df© ‘o§ Q>r.S>r.Ama. na 512.56 bmI H$s ‘yë¶ hm{Z H$m boIm§H$Z {H$¶m J¶m
{;'; "\\` $

">\
230
62 nd Annual Report
AZwgyMr - 11 amoH$‹S> Ed§ ~¢H$ ‘| A{Veof : 31.3.2019

(` bmImo§ _o§)
SCHEDULE - 11 CASH AND BANK BALANCES: 31.3.2019 (` in lakhs)

J¡a-g§~Õ g§~Õ Hw$b J¡a-g§~Õ g§~Õ Hw$b

TOTAL TOTAL
ì¶dgm¶ ì¶dgm¶ ì¶dgm¶ ì¶dgm¶
Non-linked Linked Non-linked Linked
Business Business Business Business
1 ZH$X (MoH$, S´>mâQ> Ed§ ñQ>°ån g{hV)
Cash (including cheques, drafts and stamps) 413382.69 0.00 413382.69 298850.86 0.00 298850.86
2 ~¢H$ O‘m
Bank Balances
(H$) O‘m ImVm

(a) Deposit Accounts
(H$H$) Aënmd{Y (VwbZ nÌ H$s VmarI go 12 _{hZmo§ Ho ^rVa Xo`)

(aa) Short-term (due within 12 months of the date of Balance Sheet) 149305.38 0.00 149305.38 179729.86 0.00 179729.86
(II) AÝ¶
(bb) Others 47509.86 0.00 47509.86 83535.62 0.00 83535.62
(I) Mmby ImVm

(b) Current Accounts 1504592.82 144.97 1504737.79 989931.18 2100.11 992031.29
(J) AÝ¶
(c) Others 0.00 0.00 0.00 0.00 0.00 0.00
3 ‘m§JZo na Am¡a Aën gyMZm na YZ

Money at Call and Short Notice
(H$) ~¢H$ ‘|
(a) With Banks 0.00 0.00 0.00 0.00 0.00 0.00
(I) AÝ¶ g§ñWmZm| ‘|

(b) With other Institutions 0.01 0.00 0.01 0.01 0.00 0.01
(J) AÝ¶ - Ama.B.nr.Amo.Eg.

( c ) Other -REPOS 0.00 0.00 0.00 0.00 0.00 0.00
(K) gr.~r.Eb.Amo.
( d ) CBLO 2078366.26 0.00 2078366.26 663911.09 0.00 663911.09
4 AÝ¶ : ‘mJ©ñV àmofñV YZ
Others - Remittances in transit 24510.59 0.00 24510.59 49994.32 0.00 49994.32
Hw$b Total 4217667.61 144.97 4217812.58 2265952.94 2100.11 2268053.05
J¡a AZwgy{MV ~¢H$mo H$s eof Cnamoº$ 2 VWm 3 ‘| gpå‘{bV h¡*

Balances with non-scheduled banks included in
2 and 3 above.*
amoH$‹S> Ed§ ~¢H$ ‘| A{Veof
CASH & BANK BALANCES
1 ^maV ‘|
In India 4212234.02 144.97 4212378.99 2255348.21 2100.11 2257448.32
2 ^maV Ho$ ~mha
Outside India 5433.59 0.00 5433.59 10604.73 0.00 10604.73
Hw$b Total 4217667.61 144.97 4217812.58 2265952.94 2100.11 2268053.05
*ñWmZr¶ {d{Y Ho$ AZwgma {dXoer emImAm| Ho$ ~¢H$ ImVm| Ho$ Abmdm
*Excluding bank accounts of foreign branches which are held as per local laws.
231
AZwgyMr - 12 A[J«‘ Ed§ AÝ¶ n[agån{Îm¶m± : 31.3.2019 (` bmImo§ _o§)

SCHEDULE - 12 ADVANCES AND OTHER ASSETS: 31.3.2019 (` in lakhs)

TOTAL TOTAL
A[J«‘ / ADVANCES
1 A§VaU H§$n{Z¶m| ‘| Ama{jV O‘m

Reserve deposits with ceding companies 0.00 0.00 0.00 0.00 0.00 0.00
2 A§VaU H§$n{Z¶m| H$mo A[J«‘

Advances to ceding companies 0.00 0.00 0.00 0.00 0.00 0.00
3 {Zdoemo Ho$ {bE AmdoXZ YZ

Application money for investments 0.00 0.00 0.00 16860.56 0.00 16860.56
4 nhbo ^wJVmZ / nyd©XÎm IM©

Prepayments/Prepaid Expenditure 48995.28 0.00 48995.28 41104.01 0.00 41104.01
5 A{YH$m[a¶m| / {ZXoeH$m| H$mo§ A[J«‘

BJ \; 0.83 0.00 0.83 0.32 0.00 0.32
6 AXm {H$¶m J¶m A{J«‘ H$a Ed§ ñÌmoV H$a H$Q>m¡Vr

Advance tax paid and taxes deducted at source 3063140.74 0.00 3063140.74 2351405.28 0.00 2351405.28
H$mamYmZ Ho$ {bE ewÕ n«mdYmZ
(Net of Provision for tax of ` 4765573.18)
{nNbo df©
(Previous Year ` 3992540.36)
7(a) AÝ¶ / Others
(H$) H$‘©Mm[a¶m| H$m A{J«‘
i. Advances to employees 97749.00 0.00 97749.00 17533.31 0.00 17533.31
(I) AÝ¶ H$mo A{J«‘

ii. Advances to others 6718.56 0.00 6718.56 6423.60 0.00 6423.60
(J) O‘m
iii. Deposits 6349.52 0.00 6349.52 5327.26 0.00 5327.26
(K) AÝ¶ A{J«‘

iv. Other advances 99020.87 11715.78 110736.65 60134.55 13416.18 73550.73
7(b) ’w$Q>H$a XoZXma, A{J«‘ VWm O‘m Ho$ {bE àmdYmZ

Provision for sundry debtors, (9645.68) 0.00 (9645.68) (6641.38) 0.00 (6641.38)
advances and deposits
Hw$b Total (A) 3312329.12 11715.78 3324044.90 2492147.51 13416.18 2505563.69
AÝ¶ n[agån{Îm¶m±
OTHER ASSETS
1 {Zdoemona ~H$m¶m / àmoX^yV Am¶

Income outstanding/accrued on investments 5925825.31 57253.12 5983078.43 5294490.60 54073.38 5348563.98
g§{X½Y ã¶mO VWm bm^m§e H$m àmdYmZ

Provision for doubtful Interest & Dividends (967581.95) 0.00 (967581.95) (819506.40) 0.00 (819506.40)
2 ~H$m¶m àr{‘¶‘
Outstanding Premiums 1010717.39 0.00 1010717.39 960860.36 0.00 960860.36
3 EO§Q>mo Ho$ eof
Agents' Balances 192695.59 0.00 192695.59 266909.52 0.00 266909.52
232
232
62 nd Annual Report
AZwgyMr - 12 A[J«‘ Ed§ AÝ¶ n[agån{Îm¶m± : 31.3.2019 (Omar)

(` bmImo§ _o§)
SCHEDULE - 12 ADVANCES AND OTHER ASSETS: 31.3.2019 (Contd.)
(` in lakhs)

TOTAL TOTAL
EO§Q>mo Ho$ g§{X½Y eof Ho$ {bE àmdYmZ
Provision for agents doubtful balances (27.07) 0.00 (27.07) (24.52) 0.00 (24.52)
4 {dXoer EO{g¶mo Ho$ eof

Foreign Agencies' Balances 0.00 0.00 0.00 0.00 0.00 0.00
g§{X½Y {dXoer EO{g¶mo Ho$ eof Ho$ {bE àmdYmZ
Provision for agents doubtful balances 0.00 0.00 0.00 0.00 0.00 0.00
5 ~r‘m ì¶dgm¶ H$aZodmbr AÝ¶ B§{Q>{Q>¶mo go àmá hmoZo dmbm

Due from other entities carrying on insurance business 0.00 0.00 0.00 0.00 0.00 0.00
6 ghm¶H$/{Z¶§ÌH$ H§$nZr go àmá hmoZodmbm

Due from subsidiaries/holding company 153.58 0.00 153.58 153.52 0.00 153.52
7 nwZ~u‘m Xmdo / eof àmß¶

Reinsurance claims/balances receivable 0.00 0.00 0.00 0.00 0.00 0.00
8 ^maVr¶ [aOd© ~¢H$ ‘| O‘m

(~r‘m A{Y{Z¶‘, 1938 H$s IÊS> 7 Ho$ AZwgaU ‘|)
Deposit with Reserve Bank of India 0.00 0.00 0.00 0.00 0.00 0.00
(Pursuant to Section 7 of Insurance Act, 1938)
9 AÝ¶/ Others
i ~H$m¶m / àmoT>^yV F$U na ã¶mO
Interest on loans outstanding/accrued 2178172.60 507.47 2178680.07 2018495.16 506.03 2019001.19
ii ñQ>oeZar H$s ñQ>m°H$, Am{X hmW ‘|

Stock of stationery, etc. on hand 7154.28 0.00 7154.28 6685.19 0.00 6685.19
iii Añdm{_H$ am{e go g§~{YV n[ag§n{Îm¶m± (nr.E\ 26)

Assets pertaining to Unclaimed amount (PF. 26) 1410872.95 0.00 1410872.95 930426.61 0.00 930426.61
iv AÝ¶ n[ag§n{Îm¶m±
Other assets 9209.46 0.00 9209.46 9512.95 0.00 9512.95
v (H$) {Z{YH$ ã¶mO

(a) Funded interest 247819.14 0.00 247819.14 263613.89 0.00 263613.89
(I) {Z{YH$ ã¶mO Ho$ {bE àmdYmZ
(b) Provision for Funded interest (247819.14) 0.00 (247819.14) (263613.89) 0.00 (263613.89)
vi (H$) {Zdoe {OZH$m Am~§Q>Z ~mH$s h¡

(a) Investments Pending Allotment 15994.97 0.00 15994.97 3454.45 0.00 3454.45
(I) {d{dY XoZXma, A{J«‘ Ed§ O‘m Ho$ {bE àmdYmZ
(b) Provision for Sundry Debtors,Advances & Deposits (3454.45) 0.00 (3454.45) (3454.45) 0.00 (3454.45)
vii godm H$a/Or Eg Qr H$m O‘m eof
, N\$,* 94309.65 0.00 94309.65 25988.27 0.00 25988.27
Hw$b (I) Total (B) 9874042.31 57760.59 9931802.90 8693991.26 54579.41 8748570.67
Hw$b (H$ + I) Total (A + B) 13186371.43 69476.37 13255847.80 11186138.77 67995.59 11254134.36
^maV ‘| / In India 13182026.96 69476.37 13251503.33 11181001.26 67995.59 11248996.85

Hw$b Total 13186371.43 69476.37 13255847.80 11186138.77 67995.59 11254134.36
233
AZwgyMr - 13 Mmby Xo¶VmE§ : 31.3.2019 (` bmImo§ _o§)

SCHEDULE - 13 CURRENT LIABILITIES:31.3.2019 (` in lakhs)


ì¶dgm¶ Business
ì¶dgm¶ Business
Business Business
1 EO§Q>mo Ho$ eof / Agents' Balances 0.00 0.00 0.00 0.00 0.00 0.00
2 AÝ¶ ~r‘m H§$n{Z¶m| H$mo Xo¶ am{e
Balances due to other insurance companies (191.14) 0.00 (191.14) 11510.45 0.00 11510.45
3 g§{Y H§$n{Z¶m| Ho$ A{J«‘
Advances from Treaty Companies 0.00 0.00 0.00 0.00 0.00 0.00
4 nyZ~u‘m A§VaU na Ym[aV O‘m
Deposits held on re-insurance ceded 0.00 0.00 0.00 0.00 0.00 0.00
5 A{J«‘ ê$n ‘| àmá àr{‘¶‘
Premiums received in advance 4813.04 0.00 4813.04 2177.44 0.00 2177.44
6 ’w$Q>H$a boZXma / Sundry creditors 1026444.03 7507.07 1033951.10 1046432.60 8119.05 1054551.65
7 ghm¶H$ / {Z¶§ÌH$ H§$nZr H$mo Xo¶
Due to subsidiaries/holding company 0.00 0.00 0.00 0.00 0.00 0.00
8 ~H$m¶m Xmd| / Claims Outstanding 415846.10 76567.16 492413.26 115373.04 250568.70 365941.74
9 Xo¶ dm{f©{H$¶m± / Annuities Due 35823.15 0.00 35823.15 32756.54 0.00 32756.54
10 ~¢H$ eof / Bank Balances 0.00 0.00 0.00 0.00 0.00 0.00
11 A{YH$m[a¶m| / {ZXoeH$mo H$s Xo¶ ; BJ \;
0.00 0.00 0.00 0.00 0.00 0.00
12 AÝ¶ / Others
H$ H$‘©Mmar ^{dî¶ VWm noÝeZ Ho$ Ý¶m{g¶m| H$mo Xo¶ am{e¶m±

a
I :
451802.43 0.00 451802.43 621505.85 0.00 621505.85
I ~H$m¶m H$‘reZ
b Outstanding Commission 151084.49 0.01 151084.50 160241.90 0.98 160242.88
J àr{‘¶‘ VWm AÝ¶ O‘m am{e¶m±
c Premium and other deposits 90142.05 186.37 90328.42 202488.79 115.27 202604.06
K ~H$m¶m Añdm{‘H$ am{e / O‘m
d Outstanding unclaimed amounts/deposits 964045.51 278184.39 1242229.90 771028.54 187816.69 958845.23
L doXmdm am{e`m| na A{O©V ì`mO
e Interest Accured on Unclaimed amounts 114827.43 27279.07 142106.50 75823.06 16233.28 92056.34
M> n«má n«r{_`_ {OZH$m Amd§QZ Zhr hwAm
f Premium received but not allocated 0.00 189.35 189.35 0.00 61.58 61.58
N godm H$a/Or Eg Qr Xm{¶Ëd
> g Service Tax/GST Liability 142766.31 467.43 143233.74 83440.38 1365.99 84806.37
O ny±Or ‘moMZ ({ZYm©[aV dm{f©H$s g{hV) ì¶dgm¶ Mmby ImVm
h Capital Redemption (including annuity certain) business (1410.08) 0.00 (1410.08) (2363.71) 0.00 (2,363.71)
current account
P d[að> noÝeZ ~r‘m ¶moOZm Mmby ImVm (161)
i @ +X¢ P2H2Q 27567.23 0.00 27567.23 25602.15 0.00 25602.15
Z d[að> noÝeZ ~r‘m ¶moOZm Mmby ImVm (828)
¢ @ +X¢ P3/3Q 3511.64 0.00 3511.64 3372.73 0.00 3372.73
n nr.E‘. dr.d>r.dm¶. Mmby ImVm (842)
k PMVVY Current Account (842) 13107.11 0.00 13107.11 4874.96 0.00 4874.96
’$ nr.E‘. dr.d>r.dm¶. Mmby ImVm (842 Z¶m)
l PMVVY Current Account (842 New) 31258.63 0.00 31258.63 0.00 0.00 0.00
~ gm‘m{OH$ gwajm {Z{Y Mmby ImVm
m Social Security Fund Current account (126.34) 0.00 (126.34) 3.82 0.00 3.82
^ Am‘ AmX‘r ~r_m `moOZm NmÌ d¥{Õ Mmby ImVm
n +X¢, 0.52 0.00 0.52 (1.64) 0.00 (1.64)
_ N>mÌd¥{Îm H$mof Mmby ImVm
o Scholarship Fund Contra Accounts 0.00 0.00 0.00 0.00 0.00 0.00
` nr.E‘.Oo.S>r.dm¶. Mmby ImVm
p PMJDY contra account (2263.62) 0.00 (2263.62) (668.59) 0.00 (668.59)
a nr.E‘.Eg.dm¶.E‘. Mmby ImVm
q PMSYM Current Account 0.46 0.00 0.46 0.00 0.00 0.00
b g§~Õ ì¶dgm¶ Mmby ImVm
r Linked Business Contra account 516516.16 (516516.16) 0.00 (56126.37) 56126.37 0.00
Hw$b / Total 3985565.11 (126135.31) 3859429.80 3097471.94 520407.91 3617879.85
^maV ‘| /In India 3959521.81 (125935.86) 3833585.95 3073533.11 520626.09 3594159.20
^maV Ho$ ~mha / Out of India 26043.30 (199.45) 25843.85 23938.83 (218.18) 23720.65
Hw$b / Total 3985565.11 (126135.31) 3859429.80 3097471.94 520407.91 3617879.85
234
234
62 nd Annual Report
AZwgyMr - 14 àmdYmZ : 31.3.2019

(` bmImo§ _o§)
SCHEDULE - 14 PROVISIONS : 31.3.2019
(` in lakhs)

ì¶dgm¶ Business
ì¶dgm¶ Business
Business Business
1 H$amYmZ Ho$ {bE (KQ>mBE ^wJVmZ Ed§ ómoV na H$a H$Q>m¡Vr)

For taxation (less payments and taxes 0.00 0.00 0.00 0.00 0.00 0.00
deducted at source)
2 àñVm{dV bm^m§e Ho$ {bE (5% ‘yë¶Z A{Yeof)
For proposed dividends (5% Valuation Surplus) 266059.54 0.00 266059.54 225242.25 0.00 225242.25
3 bm^m§e {dVaU H$a Ho$ {bE

For dividend distribution tax 0.00 0.00 0.00 0.00 0.00 0.00
4 AÝ¶
Others
emoYj‘Vm gr‘m Ho$ {bE AmajU H$m àmdYmZ
Provision for reserve for solvency margin 1494305.60 0.00 1494305.60 1494305.60 0.00 1494305.60
Hw$b
Total 1760365.14 0.00 1760365.14 1719547.85 0.00 1719547.85
^maV ‘|
In India 1760030.52 0.00 1760030.52 1719259.99 0.00 1719259.99
^maV Ho$ ~mha
Out of India 334.62 0.00 334.62 287.86 0.00 287.86
Hw$b
Total 1760365.14 0.00 1760365.14 1719547.85 0.00 1719547.85
AZwgyMr - 15 {d{dY ì¶¶ (Omo ~Å>o ImVo ‘| Z S>mbo JE hmo ¶m gm‘m¶mo{OV Z {H$E JE hm|) : 31.3.2019 (` bmImo§ _o§)
SCHEDULE 15 MISCELLANEOUS EXPENDITURE : 31.3.2019 ! ^

(` in lakhs)

J¡a-g§~Õ g§~Õ ì¶dgm¶ Hw$b J¡a-g§~Õ g§~Õ Hw$b

Linked TOTAL TOTAL
ì¶dgm¶ Business
ì¶dgm¶ ì¶dgm¶
Non-linked Non-linked Linked
Business Business Business
1 eo¶a / F$U-nÌ Omar H$aZo ‘| AZw‘V Ny>Q>

Discount Allowed in issue of 0.00 0.00 0.00 0.00 0.00 0.00
shares/debentures
2 AÝ¶
Others 0.00 0.00 0.00 0.00 0.00 0.00
Hw$b
Total 0.00 0.00 0.00 0.00 0.00 0.00
^maV ‘o
In India 0.00 0.00 0.00 0.00 0.00 0.00
^maV Ho$ ~mha
Outside India 0.00 0.00 0.00 0.00 0.00 0.00
Hw$b
Total 0.00 0.00 0.00 0.00 0.00 0.00
235
AZwgyMr - 15 H
OrdZ VWm ny±Or ‘moMZ {ZYm©[aV dm{f©H$s ì¶dgm¶ go g§~§{YV {dÎmr¶ {ddaUmo§ H$m ^mJ {Z{‘©V H$aZo dmbo CX²Km{Q>V {df¶
(H$) ‘hÎdnyU© boIm Zr{V¶m±:
1. V¡¶mar H$m AmYma :
{dÎmr¶ {ddaU gm‘mÝ¶V¶m ñdrH$m¶© boIm {gÕm§Vmo Ed§ ~r‘m {d{Z¶m‘H$ Ed§ {dH$mg àm{YH$maU ({dÎmr¶ {ddaU Ed§ ~r‘m H§$n{Z¶m| Ho$ boIm narjH$m|
H$s [anmoQ>© V¡¶ma H$aZm) {d{Z‘¶ 2002 Ed§ BgHo$ ~mX Omar {H$¶o J¶o n[anÌm| Ed§ {~Zm A{Y{Z`_ 1938 Omo {H g_`-g_` na g§emo{YV hwAm h¡ Ho$
AZwgma V¡¶ma {H$¶m J¶m h¡&
2. amOñd ‘mÝ¶Vm :
H$) Ohm± ^wJVmZ H$s ‘m’$s Ad{Y g‘má Zht hþB© hmo Ed§ {OZHo$ {nN>bo {H$ñVmo H$m ^wJVmZ {H$¶m J¶m hmo, Eogo Xo¶ {H$íVm| H$mo Am¶ Ho$ én ‘| ‘mÝ¶Vm
Xr J¶r h¡& g§~§Õ ì¶dgm¶ ‘| ^wJVmZ H$s Xo¶ {VWr BH$mB¶m| Ho$ {Z‘m©U H$s {VWr Ho$ ~am~a hmoVr h¡&
I) g§~§ÜX {Z{Y`mo go Am` {Og_o \§ S à~§YZ ewëH , nm°{bgr àemgZ ewëH , _¥Ë`wXa ewëH Am{X em{_b h¡, Omo {H g§~§ÜX {H ò Jò \§ S go {Z`_mo
Am¡a eVm} Ho AZwgma dgwb {H ò OmVo h¡, Am¡a Omo Xo` hmoZo na _mÝ` {H ò OmVo h¡&
J) g^r gaH$mar à{V^y{V¶m|, F$U à{V^y{V¶m| Ho$ g§~§Y ‘| ã¶mO H$s Am¶, {OZ‘| H$O}, {S>~oÝMa VWm ~m°ÝS> nmg W«w à‘mUnÌ Am¡a J¥h g§n{Îm Ho$ à{V
{Jadr H$O} em{‘b h¢, ~r‘m {d{Z¶m‘H$ Am¡a {dH$mg àm{YH$aU Ho$ {Xem{ZX}em| Ho$ AZwgma amOñd ‘| H«o${S>Q> H$s OmVr h¡&
K) {ÛVr`H ~mOma go gaH$ma ¶m AÝ¶ AZw‘mo{XV à{V^y{V¶m| H$s IarX ¶m {dH«$s Ho$ g§~§Y ‘| IpÊS>V Ad{Y Ho$ {bE ã¶mO H m ^wJVmZ/ à{ßV ZH$X
AmYma na {H ¶m J¶m h¡&
L>) ã¶mO, bm^m§e {H$am¶m Am{X gH$b ‘yë¶ AmYma na {b¶m J¶m h¡ (Am¶H$a H$Q>m¡Vr Ho$ nyd©)&
M) F$Um|, {S>~|Mam| Am¡a ~m°ÊS>m| Ho$ g§~§Y ‘| VwbZ-nÌ H$s VmarI H$mo ¶WmpñW{V Cn{O©V ã¶mO H$m n[aH$bZ F$U XñVmdoO/gyMZm kmnZ ¶m AÝ¶
XañVmdoO ‘| C{„{IV gmYmaU ã¶mO Ho$ n[aH$bZ H$s nÕ{V Ho$ AZwgma {H$¶m OmVm h¢& gaH$mar Am¡a AÝ¶ AZw‘mo{XV à{V^y{V¶m| Am¡a ~§YH$
F$Um| Ho$ g§~§Y ‘|, VwbZ nÌ H$s VmarI H$mo ¶WmpñW{V Cnm{O©V ã¶mO H$m n[aH$bZ EH$ df© ‘o 360 {XZ Ho$ AmYma na {H$¶m Om h¡&
N>) à{V^y{V¶m|/B{¹${Q>¶m| H$s {~H«$s na bm^ ¶m hm{Z Ho$db {~H«$s df© ‘| amOñd ‘| {b¶m J¶m h¡&
O) CXY¥V B{¹$Q>r na bm^m§e Ohm± 31 ‘mM© H$mo ¶m CgHo$ nhbo (`m§Zr H§$nZr Ûmam Kmo{fV bm^m§e) Ho H maU àmßV H aZo H m A{YH ma g_mßV hmo
J`m h¡, Am¶ Ho$ ê$n ‘| {b¶m OmVm h¢ O~ {H dh ~mX _| àmßV hmoVm h¡& J¡a CXY¥V B{¹$Q>r na bm^m§e Ho db àm{ßV AmYma na Am` Ho én _|
{b`m OmVm h¡&
P) nm°[bgr F U na ã`mO H m [hgm~ {~_m§{H H AmYma na boIo _| {b`m OmVm h¡&
Äm) {H amò H mo Am` Ho én _| V^r _mÝ` {H `m OmVm h¡& O~ {H am`m Xo` hmoVm h¡, N>h ‘{hZm| go Á¶mXm ~H$m¶m {H$am¶m bm¶gÝg ’$sg go gå~pÝYV
{H$am¶m Am¶ H$mo, Am¶ Ho$ én ‘| ‘mÝ¶Vm Zht Xr J¶r h¡& An \§ S {à{_`_ H mo ZH X AmYma na _mÝ` {H `m OmVm h¡&
V) A{Y‘mZr eo¶am|/å¶wÀ¶wAb ’§$S> na bm^m§e H$mo, Ho$db àmá hmoZo na Am¶ Ho$ én ‘| ‘mZm OmVm h¡&
W) {S>~|Mam|/~m°ÊS>m| H$s IarX na AmdoXZ YZam{e na àmá ã¶mO H$mo ZH$Xr AmYma na boIo ‘| {b¶m OmVm h¡&
X) CÚ‘ ny§Or {Zdoe na hþB© Am¶ H$mo ZH$Xr AmYma na boIo ‘| {b¶m OmVm h¡&
Y) Oramo Hy$nZ ~m°ÊS>m| go hþB© Am¶ H$mo ~r‘m§{H$H$ AmYma na boIo ‘| {b¶m OmVm h¡&
Z) J¡a g§§~Õ ì¶dgm¶ Ho$ ‘m‘bo ‘|, VwbZ nÌ H$s VmarI H$mo ¶WmpñWVr EZnrE na ~H$m¶m ã¶mO H$m àmdYmZ CM§V Ho$ én ‘o§ {H$¶m OmVm h¡&
n) F$U‘moMZ/n[an¹$Vm na àr{‘¶‘ H$mo, F$U‘moMZ/n[an¹$Vm hþB© Am¶ Ho$ én ‘| ‘mÝ¶Vm Xr OmVr h¡&
\) àmogoqgJ ewëH H mo àm{ßV Ho AmYma na _mÝ` {H `m {H$¶m OmVm h¡&
~) nwZ©~r_m na CXY¥V àr{‘¶‘, nwZ©~r_m g§{Y H r eVm} Ho AZwgma `m nwZ©~r_mH Vm© Ho gmW g¡ÜXm§VrH ì`dñWm Ho AZwgma _mÝ` {H `m OmVm h¡&
236
236
62 nd Annual Report
SCHEDULE 15 A:
DISCLOSURES FORMING PART OF THE FINANCIAL STATEMENTS OF LIFE AND CAPITAL REDEMPTION
AND ANNUITY CERTAIN BUSINESS
(A) SIGNIFICANT ACCOUNTING POLICIES:
1. Basis of Preparation:
The Financial Statements have been prepared on an accrual basis of accounting in accordance with the generally accepted
accounting principles and in the manner prescribed by the Insurance Regulatory and Development Authority (Preparation of Financial
Statements and Auditor’s Report of Insurance Companies) Regulations 2002 and Circulars issued thereafter and provisions of the
Insurance Act, 1938, as amended from time to time.
2. Revenue Recognition:
a) Premiums are recognized as income when due, for which grace period has not expired and the previous installments have
been paid. In case of Linked Business, the due date for payment is taken as the date when the associated units are created.
b) Income from linked funds which includes fund management charges, policy administration charges, mortality charges, etc. are
recovered from linked fund in accordance with terms and conditions and recognized when due.
c) Interest income in respect of all government securities, debt securities including loans, debentures and bonds, Pass Through
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and Development Authority.
d) In respect of purchase or sale of Government and other approved securities from secondary market, interest for the broken
period is paid / received on cash basis.
e) Interest, Dividend, Rent, etc. are accounted at gross value (before deduction of Income Tax)
f) In respect of loans, debentures and bonds, accrued interest as at the date of the balance sheet is calculated as per method of
calculation of simple interest mentioned in the loan document/information memorandum or such other document. In respect of
Government and other approved securities and mortgage loans, accrued interest as at the date of balance sheet is calculated
based on 360 days a year.
g) &
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h) ;

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receipt.
i) Interest on policy loans is accounted for on accrual basis.
j) Rental income is recognized as income when due and rent/license fees which is in arrear for more than 6 months is not
recognized as income. Upfront premium is accounted on cash basis.
k) ;
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l) <
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m) Income on venture capital investment is accounted on cash basis.
n) Income from zero coupon bonds is accounted on accrual basis.
o) In case of non linked business, outstanding interest on NPAs as at balance sheet date is provided as interest suspense.
p) Premium on redemption/maturity is recognized as income on redemption/maturity
Q Processing fee is accounted on receipt basis.
r) Premium ceded on re-insurance is accounted in accordance with the terms of the re-insurance treaty or in-principle arrangement
with the re-insurer.
237
3. A{YJ«hU bmJV| : A{YJ«hU bmJVmo H$mo IM© Ho$ df© ‘| {XIm¶m J¶m h¡& A{YJ«hU bmJVo dh IM} h¡ Omo ‘w»¶V: Z¶o Am¡a nwZama§^ ~r‘m AZw~ÝYm|
go g§~§{YV h¡ Ed§ CZHo$ gm n[ad{V©V hmoVo ahVo h¡&
4. Xmd| :
H$) Xmdm| H$s bmJVm| ‘o Ohm± H$hr bmJy hmo nm°{bgr bm^ am{e Ed§ Xmdm g‘m¶moOZ bmJV em{‘b h¡&
I) Xmdo H$s _mÝ`Vm H$s VmarI nm°{bgr YmaH Ûmam _¥Ë`w `m gao§Sa H$s gyMZm àmpßV H$s VmarI hmoJr& n{an³dVm, CÎmaOr{dVm bm^, dm{f©H$s Am{X
Ho _m_bmo§ _o§ Xmdmo§ H$mo _mÝ`Vm XoZo H$s {V{W nm°{bgr`mo§ Ho {Z`_ Am¡a eVmoª Ho AZwgma hmoJr&
J) Ý`m{`H A{YH m{a`mo§ Ho g_j {ddm{XV AñdrH¥ V Xmdo à~§YZ, Ho {ddoH Ho AmYma na AmHpñ_H Xm{`Ëd Ho ê n _o§ ì`dhma {H E OmVo h¢&
5. {Zdoe:
A) J¡a - g§~Õ ì¶dgm¶
H$) gaH$mar à{V^y{V¶m| Am¡a F$U‘moÀ¶ A{Y‘mZr eo¶am| g{hV F$U à{V^y{V¶m| H$mo "n[an¹$Vm VH$ aIr JB©" Ho$ én ‘mZm OmVm h¡:
Am¡a ‘yë¶ H$mo n[aemoY H$s eVmo© Ho$ AYrZ Eo{Vhm{gH$ bmJV na {ZåZ{b{IV én ‘| A{^ì¶º$ {H$¶m OmVm h¡&
(i) gaH$mar à{V^y{V¶m| g{hV F$U à{V^y{V¶m§, Ohm§ A§{H$V ‘yë¶ dmñV{dH$ ‘yë¶ go A{YH$ h¡, àr{‘¶‘ YmaU/n[an¹$Vm H$s eof Ad{Y ‘|
grYr bm^ nÕ{V Ho$ AmYma na F$U n[aemo{YV H$s OmEJr& Ohm§ dmñV{dH _wë` AqH V _wë` go A{YH h¡& Vmo NwQ H mo n[an³dVm na _mÝ`
{H `m OmòJm&
(ii) gyMr~Õ F$U‘moÀ¶ A{Y‘mZr eo¶a, Ohm§ A§{H$V ‘yë¶ dmñV{dH$ ‘yë¶ go A{YH$ h¡, àr{‘¶‘ YmaU/n[an¹$Vm H$s {deof Ad{Y ‘| grYr
bmB©Z nÕ{V AmYma na n[aemo{YV H$s OmVr h¡ Am¡a BgH$m ‘yë¶m§H$Z n[aemo{YV bmJV na {H$¶m OmVm h¡, ¶{X A§{V‘ CÕV ‘yë¶ (‘yë¶m§H$Z
H$s VmarI go A{YH$ go A{YH$ 30 {XZ nhbo) n[aemo{YV bmJV go A{YH$ h¡& ¶{X ~mOma ‘yë¶ n[aemo{YV bmJV go H$‘ h¡, Vmo VZyH$aU
Ho$ {bE àmdYmZ {H$¶m OmVm h¡&
AgyMr~Õ F$U‘moÀ¶ A{Y‘mZr eo¶a, Ohm§ A§{H$V ‘yë¶, dmñV{dH$ ‘yë¶ go A{YH$ h¡, àr{‘¶‘ÜH$m n[aemoYZ YmaU/n[a¹$Vm H$s eof
Ad{Y ‘| grYr bmB©Z nÕ{V AmYma na {H$¶m OmVm h¡ Am¡a BgH$m ‘yë¶m§H$Z VZwH$aU Ho$ {bE {H$E JE àmdYmZ go H$‘ n[aemo{YV bmJV
na {H$¶m OmVm h¡&
gyMr~Õ J¡a-F$U‘moÀ¶ A{Y‘mZr eo¶am| H$m ‘yë¶m§H$Z A§{H$V ‘yë¶ na {H$¶m OmVm h¡, ¶{X A§{V‘ CÕV ‘yë¶ (‘yë¶m§H$Z H$s VmarI go
A{YH$ go A{YH$ 30 {XZ nhbo), A§{H$V ‘yë¶ go A{YH$ h¡& ¶{X A§{V‘ CÕV ‘yë¶ H$‘ h¡ Vmo BgH$m ‘yë¶m§H$Z A§{H$V ‘yë¶ ‘| go VZwH$aU
Ho$ {bE {H$¶m J¶m àmdYmZ KQ>mH$a {ZH$mbo JE ‘yë¶ na {H$¶m OmVm h¡&
AgyMr~Õ J¡a-F$U‘moÀ¶ A{Y‘mZr eo¶am| H$m ‘yë¶m§H$Z A§{H$V ‘yë¶ ‘| go VZwH$aU Ho$ {bE {H$¶m J¶m àmdYmZ KQ>mH$a {ZH$mbo JE ‘yë¶
na {H$¶m OmVm h¡&
I) gyMr~Õ B©{¹$Q>r à{V^y{V¶m§ {OZH$m ì¶mnma g{H«$¶ ~mOmam| ‘| {H$¶m OmVm h¡ Am¡a aUZr{VH$ {Zdoem| Ho$ én ‘| dJuH¥$V gyMr~Õ à{V^y{V¶m§ VwbZ
nÌ H$s VmarI H$mo C{MV ‘yë¶ na ‘mnr OmVr h¡ Am¡a B{¹$Q>r à{V^y{V¶m| H$s dhZ YZam{e ‘o hþE {H$gr n[adV©Z H$mo C{MV ‘yë¶ n[adV©Z boIo ‘|
bo Om¶m OmVm h¡&
J) AgyMr~Õ B©{¹$Q>r à{V^y{V¶m§, AgyMr~Õ Am¡a ~hþV H$‘ ì¶mnma {H$E JE aUZr{VH$ {Zdoe Am¡a gyMr~Õ B©[¹$Q>r à{V^y{V¶m§ {OZH$m ì¶mnma g{H«$¶
~mOmam| ‘| {Z¶{‘V én go Zhr {H$¶m OmVm, H$mo Eo{Vhm{gH$ bmJV ‘| go CZ {Zdoem| Ho$ ‘yë¶ ‘| VZwH$aU Ho$ {bE {H$¶m J¶m àmdYmZ KQ>mH$a {ZH$mbo
JE ‘yë¶ na ‘mnm OmVm h¡& go~r Ûmam g‘¶ g‘¶ na {d{ZYm©[aV {H$E JE å¶wÀ¶A§b ’§$S> H$mo {d{Z¶{‘V H$aZo dmbo {Xem{ZX}em| Ho$ AZwgma ~hþV
H$‘ ì¶mnma {H$E JE Ho$ én ‘| dJuH¥$V {H$gr à{V^y{V H$mo g{H«$¶ ê$n go ì¶mnma Z H$s JB© à{V^y{V Ho$ ê$n ‘| ‘mZm OmVm h¡&
K) g^r {Zdoemo H$mo ZH$Xr AmYma na boI| ‘| {b¶m OmVm h¡, {gdm¶ goH|$S´>r ~mOma go B{¹$Q>r eo¶am| Am¡a gaH$mar à{V^y{V¶m| H$s {~H«$s ¶m IarX Ho$
{bE&
L>) {Zdoe g§n{Îm¶mo§ H$m ‘yë¶, nwZ©‘yë¶m§{H$H$ YZam{e¶m| na A{^ì¶º$ {H$¶m OmVm h¡ Am¡a {Zdoe g§n{Îm H$s dhZ YZam{e ‘| hþE n[adV©Z H$mo
nwZ©‘yë¶m§H$Z ^§S>ma ‘| bo Om¶m OmVm h¢&
M) å¶wÀ¶wAb ’§$S> {Zdem| H$m ‘yë¶m§H$Z VwbZ nÌ H$s VmarI H$mo ¶WmpñW{V C{MV ‘yë¶ AmYma na {H$¶m OmVm h¡ Am¡a å¶wÀ¶wAb ’§$S> H$s dhZ
YZam{e ‘| hþE n[adV©Z H$mo C{MV ‘yë¶ n[adV©Z boIo ‘| bo Om¶m OmVm h¡&
N>) ghm¶H$ H§$n{Z¶m|, g§¶wº$ CÚ‘m| Am¡a gh¶moJr H§$n{Z¶m| ‘| {H$E {Zdoem| H$mo bmJV na A{^ì¶º$ {H$¶m OmVm h¡&
O) CÚ‘ {Z{Y ‘| {H$E JE {Zdoe H$m ‘yë¶m§H$Z, {Z{Y Ho$ EZEdr ¶m bmJV BZ‘| go Omo ^r H$‘ hmo, na {H$¶m OmVm h¡&
P) _wÐm ~mOma {dboIm| H mo A§{H V ‘yë¶ na _wë`m§{H V {H `m OmVm h¡&
238
238
62 nd Annual Report
3. Acquisition Costs:
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4. Claims:
a)
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b) The date of recognition of claim shall be the date of receipt of intimation of death or surrender by the policy holder. The date of

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c) Repudiated claims disputed before judicial authorities are treated as contingent liability based on management prudence.
5. Investments:
A] Non Linked Business
a) Debt Securities including Government Securities and Redeemable Preference Shares are considered as ‘held to
maturity’ and the value is disclosed at historical cost subject to amortization as follows:
(i) Debt Securities including Government Securities, where the book value is more than the face value, the premium
will be amortized on straight line basis over the balance period of holding/maturity. Where face value is greater
than book value, discount is accounted on maturity.
(ii) Listed Redeemable Preference Shares, where the book value is more than the face value, the premium is amortized

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price (not later than 30 days prior to valuation date), is higher than amortised cost. Provision for diminution is made
if market value is lower than amortised cost.
Unlisted Redeemable Preference Shares where the book value is more than the face value, the premium is
amortized on a straight line basis over the balance period of holding/maturity and are valued at amortised cost less
provision for diminution.
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for diminution.
Unlisted Irredeemable Preference Shares are valued at book value less provision for diminution.
b) & '

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Fair Value Change Account.
c) * # :
traded in active markets are measured at historical cost less provision for diminution in value of such investments. A

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considered as being not actively traded.
d) N

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the secondary market
e) The value of Investment Properties is disclosed at the Revalued amounts and the change in the carrying amount of the
investment property is taken to Revaluation Reserve.
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amount of mutual fund is taken to Fair Value Change Account.
g) Investments in subsidiary companies, joint ventures and associates are disclosed at cost.
h) Investment in venture fund is valued at the NAV of the fund or cost whichever is lower.
i) < <' '
239
(~) g§~Õ ì¶dgm¶ : à{V^y{V¶m| H$m ‘yë¶m§H$Z g‘¶ g‘¶ na Omar {H$¶o JE AmB© Ama S>r E AmB© Ho$ {ZX}em| Ho$ AZwén h¡&
6. ÍF U : F U H mo j{V nw{V© àmdYmZm| Ho AYrZ Eo{Vhm{gH bmJV na _mnm OmVm h¡&
7. AMb n[agån{V¶m±:
H$) AMb n[agånpËV¶mo§ H$m ‘yë¶ CgHo$ bmJV ‘yë¶m| H$amYmZ g{hV ‘| go ‘yë¶èhmg H$mo H$‘ H$a Xem©¶m J¶m h¡&
I) {Z‘m©UmYrZ Ed§ H$ãOm H$s JB© g§n{Îm¶m| na AXm H$s JB© am{e {OZH$m àboIZ b§{~V h¡ CÝh| "^dZ g§n{Îm Ed§ ^y{‘' Ho$ A§VJ©V {XIm¶m J¶m h¡&
8. ‘yë¶èhmg/n{aemoYZ : AMb g§npËV¶mo§ na ‘yë¶èhmg/n{aemoYZ à~§YZ Ûmam ¶Wm AZw‘m{ZV g§npËVHo Cn¶moJr OrdZ Ho AmYma na, grYr aoIm
nÜX{V Hm Cn`moJ HaHo àXmZ {H`m OmVm h¡& df© H¡ Xm¡amZ IarXr/~oMr JB© g§npËV¶mo§ Ho {bò _m{gH g_W©H AZwnmV Ho AmYma na ‘yë¶èhmg à^m[aV
{H$¶m OmVm h¡& ì`{³VJV én go ` 5000 VH _wë` Hr bmJV Hr g§n{ËV Aën _wë` hmoZo Ho HmaU IarX Ho df© _| nwar Vah go amOñd _| à^m{aV Hr
OmVr h¡& Am°naoqQJ brO na {Hamò Hmo brO Hr Ad{Y _| IM© {H`m OmVm h¡& à~§YZ Ûmam AZw‘m{ZV {Hò Jò Cn`moJr OrdZ Ho _wë`m§HZ Ho AmYma
na _wë`èhmg Hr Xa| boIm Hr {QßnUr`m| _| Xr JB© h¡&
9. n{ag§{Îm`m| H r hm{Z : àËòH ~¡b|g erQ {V{W na n{ag§{Îm`m Ho dhZ _wë`m| H r g_rjm H r OmVr h¡& `{X Bg Vah H r hm{Z H m H moB© g§H| V _m¡OwX h¡,
Vmo CZ n{ag§{Îm`m Ho dgwbr `mo½` _wë` H m AZw_mZ bJm`m OmVm h¡ Am¡a Ohm§ ^r Amdí`H hmo, hm{Z H r nhMmZ H r OmVr h¡&
10. OrdZ nm{c{g¶m| H$s Xo¶Vm : {ZJ‘ H$o OrdZ ~r‘m ì¶dgm¶ Ho$ dm{f©H$ Om§M Ho$ AZwgaU ‘| nm{cgrYmaH$m| H$s Xo¶VmE§ {ZJ‘ Ho$ {Z¶wº$ {~‘m§H$H$
ìXmam {ZYm©[aV H$s OmVr h¡&
11. {dXoer ‘wÐm g§ì¶dhma :
(H$) g§~§{YV Xoem| Ho$ gm§{d{YH$ {d{Z¶‘Zm| Ho$ AZwgma {dXoer ì¶dgm¶ go g§~§{YV OrdZ {Z{Y H$m {Zdoe {H$¶m J¶m h¡&
(I) df© Ho$ A§V ‘| {dXoem| H$s emImAm| H$m {dÎmr¶ {ddaU ñWmZr¶ {dYr¶m| Ho$ AZwgma V¡¶ma {H$¶m J¶m h¡& VWm g‘w{MV Xmam| na n[adV©Z {H$¶m J¶m
h¡, {gdm¶ gwdm ([’$Or) emIm {OgHo$ {cE à{V df© 31 {Xg§~a Ho$ {dÎmr¶ {ddaU go g‘w{MV Xam| na n[adV©Z {H$¶m OmVm h¡ ³¶m|{H$ emIm H$m
coIm H¡coÊS>a df© Ho$ AmYma na V¡¶ma {H$¶m OmVm h¡&
(J) ògo énm§VaUmo na hmoZo dmbo {d{Z_` bm^ `m hm{Z H mo Cg Ad{Y _| _mÝ`Vm Xr OmVr h¡ {Og Ad{Y _| do amOñd ImVo _| AmVo h¡& {\Or _m°areg
Am¡a `wHo _| {H ò Jò Am°naoeZ J¡a g_mH {bV àH¥{V Ho h¡, amOñd ImVo H r _Xm| H mo Am¡gV {d{Z_` Xa na Ed§ VwbZnÍm H r _Xm| H mo g_mnZ Xa na
énm§V{aV {H `m OmVm h¡& nwZ©_wë`m§H Z na {d{Z_` Ho A§Va H mo eoà YmaH m| `m nm°{bgr YmaH m| _m_bo Ho AZwgma Ho ImVo Ho VhV {dXoer _wÐm A{ñWaVm
{aOd© _| O_m {H `m OmVm h¡&
(K) ^maV go ôOo JE àofUm| ìXmam ^maV Ho$ ~mha {H$E {Zdoem|H$s JUZm ‘yë¶ én¶ H$s cmJV ¶m erK« A{^{c{IV énE H$s cmJV na {H$¶m OmVm
h¡, Ohm± ‘yë¶ cmJV CncãY Z hmo&
12. AZwà¶moÁ¶ n[agån{Îm¶m| Ho$ {cE n[agån{Îm¶m| H$m dJuH$aU Ed§ àmdYmZ :
H$) F$U, {S>~|Ma Ed§ ~m§S>, VWm ^dZ g§n[Îm H$mo {Jadr aIH$a {cE F$U H$s n[agån{Îm¶m| H$mo dgycr Ho$ [aH$mS>© na AmYm[aV {ZåZ Vah go dJuH¥$V
{H$¶m J¶m h¡&
1. ‘mZH$
2. Cn‘mZH$
3. g§{X½Y Ed§
4. ZwH$gmZ n[agån{Îm¶m|
~r‘m {d{Z¶m‘H$ Am¡a {dH$mg àm{YH$aU ìXmam Omar {Xem{ZX}em| Ho$ AZwgma&
I) ^ma{V¶ ~r‘m {d{Z¶m‘H$ Am¡a {dH$mg àm{YH$aU Ûmam ~r‘m g§ñWmZm| H$mo Omar {Xem{ZX}em| Ho$ AZwgma AZwà¶moÁ¶ F$Um|, {S~o§Mamo Ed§ ~m§S>m| Ed§
^dZ g§n[Îm H$mo {Jadr aIH$a F$U H$m àmdYmZ {H$¶m J¶m h¡&
240
240
62 nd Annual Report
B] Linked Business: Valuation of Securities is in accordance with IRDA directives issued from time to time.
6. Loans:
Loans are measured at historical cost subject to impairment provisions.
7. Fixed Assets:
a) @
N P
N Q
b) Property under construction and amounts paid for the properties taken in possession, pending documentation, are accounted
under ‘House Property and Land’.
8. Depreciation/Amortisation:
; \ N #

the management. Depreciation is charged on monthly pro-rata basis for assets purchased/sold during the year. Assets individually
costing upto Rs. 5,000, being low value assets are fully charged to revenue in the year of purchase. Operating lease rentals are
N I +

given under notes to accounts
9. Impairment of assets:
The carrying values of assets at each Balance Sheet date are reviewed for impairment. If any indication of such impairment exists,
the recoverable amounts of those assets are estimated and impairment is recognised, wherever necessary.
10. Liability for Life Policies:
The liabilities towards Policyholders are determined by the Corporation’s Appointed Actuary pursuant to his annual investigation of
the Corporation’s life insurance business.
11. Foreign Currency Transactions:
a) Life Fund relating to foreign business has been invested according to the statutory regulations of the respective countries.
b) Financial Statements of branches in foreign countries as at the year end are prepared in accordance with local laws and are
translated at appropriate rates of exchange except for Suva (Fiji) branch, for which the conversion is done at appropriate rates,

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basis.
c) "N !
Account.
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d) Investments made outside India by remittances sent from India are accounted for at original rupee cost or at the earliest
recorded rupee cost, where original cost is not available.
12. "
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record of recovery as:
i) Standard
ii) Sub-standard
iii) Doubtful and
iv) Loss Assets
As per the guidelines issued to Insurance Companies by Insurance Regulatory and Development Authority of India.
b)
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the guidelines issued by Insurance Regulatory and Development Authority of India.
241
13. godm{Zd¥{Îm bm^:

H$) {ZJ_ Ûmam Omar g_yh J«oÀ`wQr B§í`moao§g nm°{bgr Ho _mÜ`_ go (~r_m§{H V _yë`m§H Z Ho AmYma na) H _©Mm{a`mo§ H mo J«oÀ`wQr àXmZ H r OmVr h¡ Am¡a
Bg àH ma, CgHo g§~§Y _o§ Xm{`Ëd, OrdZ {Z{Y H m {hñgm ~ZVr h¡&
I) CZ H _©Mm{a`mo§ Ho g§~§Y _o§ {OÝhmo§Zo ^{dî` {Z{Y `moOZm H m {dH ën MwZm h¡, OrdZ ~r_m {ZJ_ A{Y{Z`_ 1956 Ho VhV a{MV ^{dî` {Z{Y
Q—ñQ _o§ AZwHy b `moJXmZ {X`m OmVm h¡&
J) n{a^m{fV `moJXmZ no§eZ `moOZm Ho _m_bo _o§, `moJXmZ V~ {H `m OmVm h¡ O~ g§~§{YV godm`| àXmZ H r OmVr h¡, Cg Ad{Y Ho Xm¡amZ Xo` E§d
amOñd ImVo _o§ à^m{aV {H ò OmVo h¡&
^{dî` {Z{Y `moOZm Ho ~Xbo no§eZ `moOZm H m {dHën boZo dmbo H _©Mm{a`mo§ Ho {bE {ZYm©{aV bm^ `moOZm Ho _m_bo _o§, ^maV gaH ma Ûmam
A{Ygy{MV no§eZ {Z`_mo§ Ho AZwgma {ZJ_ H m A§eXmZ no§eZ Q—ñQ H mo {H `m JUZm OmVm h¡& Am¡a {nNbr godm Ho `moJXmZ g{hV `h `moJXmZ
~r_m§{H V JUZm Ho AmYma na {H `m OmVm h¡&
K) {ZJ_ Ûmam Omar JŒwn brd EZHo e_o§Q B§í`moao§g nm°{bgr Ho _mÜ`_ go godm{Zd¥{Îm na brd EZHo e_o§Q bm^ (~r_m§{H V _yë`m§H ZHo AmYma na)
àXmZ {H E OmVo h¢ Am¡a Bg àH ma, BgHo g§~§Y _o§ Xm{`Ëd, OrdZ {Z{Y H m {hñgm ~ZVm h¡&
14. àmdYmZ, AmH pñ_H Xm{`Ëd Am¡a AmH pñ_H g§n{Îm&
EH {dœgZr` AZw_mZ Ho AmYma na àmdYmZ {H `m OmVm h¡, O~ `h g§^d hmoVm h¡ {H Xm{`Ëd H m {ZnQmZ H aZo Ho {bE Am{W©H bm^ àmßV H
aZo dmbo g§gmYZmo§ Ho ~{hdm©h H r Amdí`H Vm hmoJr& AmH pñ_H CÎmaXm{`Ëd(nm°{bgr`mo§ Ho Abmdm), `{X gm_JŒr, ZmoQmo§ Ho _mÜ`_ go àH Q H r
OmVr h¡ Vmo AmH pñ_H g§n{Îm H mo {dÎmr` {ddaUmo§ _o§ _mÝ`Vm `m Iwbmgm Zht {H `m OmVm h¡&
15. àmpßV`m§ Am¡a ^wJVmZ ImVo:
àmpßV`m§ Am¡a ^wJVmZ ImVo _mñQa n{anÌ Ho n¡am 2.2 Ho AZwgma àË`j {d{Y H m Cn`moJ H aHo V¡`ma Am¡a {anmoQ© {H E OmVo h¢&
16 H amYmZ :
(H$) àË`j H a: Am`H a Ho {bò àmdYZ nhbr AZwgwMr _| em{_b {Z`_m| Am¡a Am`H a A{Y{Z`_, 1961 Ho AÝ` àmg§{JH àmdYZm| g{hV n{RV
Am`H a A{Y{Z`_ 1961 H r Ymam 44 _| OrdZ ~r_m ì`mnma Ho {bE bmJw àmdYmZm| Ho AZwgma {H `m J`m h¡&
(I) AàË`j H a: {ZJ_ BZnwQ g|dmAm| na dñVw Am¡a godm H a H r H«o {SQ H m Xmdm H aVm h¡, Omo AmCQnwQ g|dmAm| na Xo` dñVw Am¡a godm H a Ho {déÜX
g_m`mo{OV hmoVo h¡& {ddoH nwU© ~mV Ho én _|, g|dmAm| na dñVwAm| Am¡a godmAm| Ho H a Ho à{V Aà`wH H«o {SQ Hmo VwbZnÍm _| AZwgwMr 12-A{¾_
Am¡a AÝ` n{ag§{Îm`m| Ho VhV AmJo ~μTm`m OmVm h¡, Ohm§ Cn`moJ H r C{MV {ZíMVVm hmoVr h¡&
(I) boIm| H$s {Q>ßn{U¶m±
1. AmH$pñ‘H$ Xo¶VmE± Mmby df© {nN>bo df©
H$. Am§{eH$ én go A{^XÎm {Zdoe ` 20 bmI ` 20 bmI
I. ~H$m¶m ~r‘m§H$Z à{V~ÕmE§ ` 588 bmI ` 1388 bmI
J. {ZJ‘ Ho$ {déÕ Xmd| Omo F$U Ho$ én ‘| A{âdrH¥$V Zht {H$E JE hm| Hw$N Zhr§ Hw$N Zhr§
K. {ZJ‘ Ûmam ¶m {ZJ‘ H$s Amoa go Xr JB© Jma§Q>r Hw$N Zhr§ Hw$N Zhr§
L>. {ddm{XV gm§{d{YH$ ‘m§J/Xo¶VmE§ {OgH$m Cn~§Y Z {H$¶m J¶m hmo ` 1908810 bmI `2305703 bmI
M. nwZdu‘m A{Zdm¶©bm {OgH$m Cn~§Y Z {H$¶m J¶m hmo Hw$N Zhr§ Hw$N Zhr§
N>. AÝ¶
~r_mo§ go g§~§{YV Xmdo§ Omo§ _wH$X_mo§ Ho$ A{YZ h¡ ` 37761 bmI ` 25816 bmI
_wH$X_m{YZ Xmdo§ Omo ~r_mYmaH$mo§ Ho$ Zhr h¡§ ` 8498 bmI ` 3293 bmI
d{aîR ZmJ{aH$ H$ë`mU {Z{Y H$r ñWmZm§V{aV* eyÝ` ` 3524 bmI
242
242
62 nd Annual Report
\ ; ~

a) Gratuity to employees is provided for (on the basis of Actuarial Valuation) through a Group Gratuity Insurance Policy issued
by the Corporation and as such, the liability in respect thereof, forms part of the Life Fund.
b) In respect of employees who have opted for Provident Fund Scheme, matching contribution is made to the Provident Fund
Trust formed under Life Insurance Corporation Act 1956.
Q
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during the period when related services are rendered.

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the Government of India and the said contribution including past service contribution is made on the basis of Actuarial
calculation.
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Fund.
14. Provisions, Contingent Liabilities and Contingent Assets.

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15. Receipts and Payments Account:
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Circular.
16. Taxation:
a) Direct Tax: Provision for income tax is made in accordance with the provisions of Section 44 of the Income Tax Act, 1961
read with Rules contained in the First Schedule and other relevant provisions of the Income Tax Act, 1961 as applicable for
life insurance business.
b) Indirect Tax:
, N # I
services tax on output services.
As a matter of prudence, unutilized credits towards goods and services tax on input services are carried forward under
‘Schedule 12 -Advances and Other Assets’ in the Balance Sheet, wherever there is reasonable certainty of utilization.
(B) NOTES TO ACCOUNTS

1. Contingent Liabilities:
a. Partly paid-up investments ` 20 Lakhs ` 20 Lakhs
b. Claims against the Corporation not acknowledged as Debts ` 588 Lakhs `1388 Lakhs
c. Underwriting commitments outstanding Nil Nil
d. Guarantees given by or on behalf of the Corporation Nil Nil
e. Statutory demands/liabilities in dispute, not provided for ` 1908810 Lakhs `2305703 Lakhs
f. Reinsurance obligations to the extent not provided for Nil Nil
g. Others
Policy related claims under litigation `37761 Lakhs ` 25816 Lakhs
Claims under litigation other than policy holders `8498 Lakhs ` 3293 Lakhs
Transfer to Senior Citizen Welfare Fund* Nil ` 3524 Lakhs
243
* AmB©AmaSrE Ho n{anÌ g§X^© !;\-:\!\<,\0G\0K\/023 {XZ§m{H V- 11 OwbmB©-2018 Ho AZwgma {dÎmr` df© 2018-19 go
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én _| àH Q H aZo H r Amdí`H Vm Zht h¡&
2. 31.3.2019 H$mo ¶WpñW{V F$Um|, {Zdoem| Am¡a AMb n[ag§n{Îm¶m| Ho$ {bE H$s JB© à{V~ÕVmE§ Am¡a ~H$m¶m Bg àH$ma h¡:
(` bmIm|‘|)
2018-19 2017-18
F$U Ed§ {Zdoe 1121389.00 380357.00
AMb n[ag§n{Îm¶m§ 6042.60 5863.96
3. nm{bgr Xm{¶Ëd Ho$ ‘yë¶m§H$Z hoVw ~r‘m§{H$H$ AZw‘mZ:

{ZJ‘ Ho$ OrdZ ~r‘m ì¶dgm¶ ‘|, AbJ AbJ Am¡a g‘yh g§{dXmAm| Ho$ A§VJ©V g§~Õ Am¡a J¡a g§~Õ ì¶dgm¶ em{‘b hmoVo h¡& J¡a g§~Õ {ZJ‘ Ho$ OrdZ
~r‘m ì¶dgm¶ ‘| gh^m{JVm ~r‘m/dm{f©H$s/n|eZ nm°{b{g¶m§ em{‘b hmoVr h¡ Am¡a J¡a gh^m{JVm ~r‘m / dm{f©H$s /ì¶{º$JV ñdmñW nm°{b{g¶m| Ho$ gmW
Jm¡a gh^m{JV ~r‘mAm| Ho$ A§VJ©V {b{IV A{YH$m§e g‘yh nm°{b{g¶m§ em{‘b hmoVr h¡& g§~Õ ì¶dgm¶ ‘| J¡a gh^m{JVm ~r‘m/n|eZ/ì¶{º$JV ñdmñW
nm°{b{g¶m| Ho$ gmW g‘yh g§{dXmAm| Ho$ A§VJ©V {b{IV g§~Õ ~r‘m ì¶dgm¶ Ho$ EH$ N>moQ>o AZwnmb dmbr nm°{b{g¶m§ gm{‘b hmoVr h¡& BZ nm°{b{g¶m| ‘|
go Hw$N> nm°{b{g¶m| ‘| amBS>a OwS>o hwE h¡ O¡go J§^ra ~r‘mar, àr{‘¶‘ A{Yì¶mJ bm^, gmd{Y ~r‘m Am¡a XþK©Q>Zm bm^ {Og‘| XþK©Q>Zm {dH$bm§JVm bm^
em{‘b h¢&
g§~Õ J¡a gh^mJr ì¶dgm¶ ‘| :
O ""â¶yMa ßbg VWm J«¡À¶wQ>r ßbg ¶moOZm (g‘yh ì¶dgm¶) Ho$ {bE 4 ’$ÊS> ¶Wm, ~m°ÊS> ’$ÊS>, BÝH$‘ ’$ÊS>, ~¡boÝñS> ’$ÊS> Ed§ J«moW ’$ÊS>.
O ""OrdZ ßbg'', ""‘Zr ßbg'', ""‘mH}$Q> ßbg'', ""’$m°aÀ¶wZ ßbg'', ""àm°{’$Q> ßbg'', ""‘Zr ßbg-1'', ""‘mH}$Q> ßbg-1'', ""MmB©ëS>
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’$ÊS>, ~¡boÝgS> ’$ÊS> VWm J«moW ’$ÊS> &
O doëW ßbg ¶moOZm Ho$ {bE 1 ’$ÊS>, doëW ßbg ’$ÊS> &
O g‘¥Õr ßbg ¶moOZm Ho$ {bE 1 ’$ÊS>, g‘¥Õr ßbg ’$ÊS> &
O hoëW ßbg ¶moOZm Ho$ {bE hoëW ßbg ’$ÊS> Am¡a ""hoëW àmoQ>o³eZ ßbg'' ¶moOZm Ho$ {bE hoëW àmoQ>o³eZ ßbg ’$ÊS> &
O noÝeZ ßbg, Ed§ âbop³g ßbg ¶moOZm Ho$ {bE 2 ’$ÊS>, {‘³ñS> VWm S>oQ> &
31.3.2019 H$mo ¶WmpñW{V h‘mar nwñVH$m| na ì¶{º$JV Ed§ g‘wh nm°{b{g¶m| Ho$ {bE ‘yë¶m§H$Z g§~§Yr Xo¶Vm H$m n[aH$bZ ^mar gH$b àr{‘¶‘ ¶m
‘yë¶m§H$Z H$s nyd© bjr Ama{jV nÕ{V H$m BñVo‘mb H$aHo$ àË¶oH$ nm°{bgr Ho$ {bE ~r‘m§{H$H$ én ‘o§ {H$¶m OmVm h¡& gw{ZpíMV {H$¶m OmVm h¡ {H$ àË¶oH$
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{H$¶m OmVm h¡ {H$ nm°{bgr Ho$ A§VJ©V Ama{jV {Z{Y àmá H$aVo hþE F$UmË‘H$ Ama{jV {Z{Y H$mo ""eyÝ¶'' {ZpíMV {H$¶m J¶m h¡& g§~Õ ì¶dgm¶ Ho$
A§VJ©V J¡a BH$mB© nm°{b{g¶m| Ho$ ~r‘m§H$Z H$s Xo¶Vm H$s JUZm H$Q>m¡Vr ZH$X àdmh VarHo$ go H$s OmVr h¡& Xo¶VmAm| H$s JUZm ã¶mO, ‘¥Ë¶yXa, AñdñWVm
Xa, ~moZg(Ohm§ bmJy hmo), ì¶¶ Ed§ ‘wÐmñ’$s{V Ho$ nydm©Zw‘mZm|na AmYm[aV hmoVr h¡& g‘yh ZH$Xr g§M¶Z ¶moOZmAm| Ho$ {bE Xo¶Vm H$mo 31 ‘mM© 2019
H$mo ¶WmpñW{V Eogr g^r ¶moOZmAm| Ho$ {Z{Y ‘yë¶ Ho$ én ‘| ‘mZm OmVm h¡& g‘yh ~r‘m ¶moOZmAm| Ho$ g§~§Y ‘| Xo¶Vm, EH$ df© H$s ZdrH$aU g‘yh Ad{Y
~r‘m àr{‘¶‘ Ho$ à{VeV Ho$ én ‘| {ZH$mbr OmVr h¡&
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5.50% Am¡a 7.60% à. d Ho$ ~rM aIr JB© h¡& à¶wº$ ‘¥Ë¶y Xa| àH$m{eV ^maVr¶ ~r‘m§H¥$V OrdZ ‘¥Ë¶y Xa (2006-08) g§emo{YV A§{V‘ gmaUr Am¡a
à{VH¥$V {dMbZ Ho$ {bE Jw§Om¶e hoVw àË¶m{eV AZw^dm| VWm Nw>Q>m| H$mo à{Vq~{~V H$aZo Ho$ {bE g‘m¶mo{OV EbAmB©gr dm{f©H$s J«mhr E (1996-98)
¶wbQ>r ‘¥Ë¶y Xa gmaUr na AmYm[aV h¢& à¶wº$ AñdñWVm Xa| J§^ra é½UVm AmYma gmaUr (gr~rAmB©Q>r 93, ¶yHo$) na AmYm[aV h¡ {Ogo AmB©AmaS>rEAmB©
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¶Wmo{MV g§emoYZ H$a {b¶m J¶m h¡, {ddoH$erbVm Ho$ {bE Jw§Om¶e Ho$ gmW&
244
244
62 nd Annual Report
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(` in Lakhs)
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Loans and Investment 1121389.00 380357.00
Fixed Assets 6042.60 5863.96
3. Actuarial Assumptions for valuation of Policy liabilities:

The Corporation’s Life Insurance Business consists of linked and non-linked business under Individual and Group contracts.
The non-linked business consists of Participating Assurance/Annuity/Pension policies and Non-participating Assurance/ Annuity/
Individual Health policies with majority of Group policies written under non-participating assurances. The linked business consists
of Non-participating Assurance/Pension/Individual Health policies with a very small proportion of linked assurance business written
$ ,
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The Linked Non-Par Business consists of :
O 4 funds namely, Bond Fund, Income Fund, Balanced Fund and Growth Fund for each of Future Plus Plan and Gratuity Plus
Plan (Group Business)
O 4 funds namely, Bond Fund, Secured Fund, Balanced Fund and Growth Fund for each of the plans Jeevan Plus, Money Plus,
Market Plus, ] "@"@ >'"@`'"@"
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O Wealth Plus fund for """ \
O Samridhi Plus fund for;
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Health Protection Plus fund for " ""
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Pension Plus Plan and Flexi Plus Plan.
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guaranteed surrender value or special surrender value whichever is higher. It is also ensured that negative reserve is set to zero
while arriving at the reserve under a policy. The unit liability in respect of Linked business is taken as the total Net Asset Value of the

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wherever applicable. The liability for Group Cash Accumulation schemes has been taken as the fund value of all such schemes as
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group term assurance premium.
The interest rates used for valuation vary according to the type of plan and it ranges from 5.50% to 7.60% p.a. depending on the
nature and term of the underlying assets and liabilities. The mortality rates used are based on the published Indian Assured Lives
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prudence.
245
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‘| {à{‘¶‘ na bJZodmbr godm H$a gpå‘{bV h¡ Am¡a BgH$s a|O ßbmZ Ho$ àH$ma na {Z^©a H$aVo hþE 0.03 à{VeV go 18.03 à{VeV VH$ h¡&
gh^m{JVm nm°{b{g¶m| H$m ‘yë¶m§H$Z H$aVo g‘¶ H$amYmZ Ho$ {bE Ny>Q> Am¡a eo¶aYmaH$m| H$mo A{Yeof H$m Am§~Q>Z, g§{dXm Ho$ Xm¡amZ eof Ho$ {bE Ama{jV
^mdr àË¶mdVu ~moZg H$mo C{MV T>§J go aoqQ>J An H$aVo hþE {H$¶m J¶m h¡& BgHo$ Abmdm àr{‘¶‘ A{YË¶mJ {hVbm^, XþJZm XþK©Q>Zm {hVbm^ ñWm¶r
Ae³¶Vm bm^ Ed§ XþJZm XþK©Q>Zm bm^ Ho$ {df¶ ‘o§ Xm{¶Ëd, àË¶n©Ur¶ A{V[aº$ àr{‘¶‘ Ed§ àË¶n©Ur¶ XþJwZm XþK©Q>Zm bm^ àr{‘¶‘ Ho$ {df¶ ‘| Xm{¶Ëd
àXÎm nm°{b{g¶m| Ho$ ZdrH$aU, àXÎm ‘wë¶ A{O©V Zm H$s hþB© nm°{b{g¶m| Ho$ nwZ:ñWmnZm, ZE ì¶dgm¶ Ho$ {bE H$m¶m©b¶ Ho$ ~§X hmo OmZo H$s pñW{V ‘|
ì¶¶ ‘| Vwa§V d¥{Õ, ES²>g (EMAmB©dr) Ho$ Omo{I‘ Ho$ H$maU A{V[aº$ ‘¥Ë¶y, Ad‘mZH$ OrdZ Ho$ {df¶ ‘| A{V[aº$ Omo{I‘ hmo JB© na§Vw gw{MV Z H$s JB©
‘m¡Vm|, AmnmVH$mbrZ Am¡a ‘¥Ë¶y Xa ‘| gwYma Am¡a ‘hm {dn{Îm Ho$ {bE Ama{jV YZam{e H$m àmdYmZ {H$¶m J¶m h¡& D$na C{„{IV ‘Xm| Ho$ {bE Ama{jV
YZam{e {ZH$mbZo hoVw BñVo‘mb {H$¶ JE nydm©Zw‘mZ, {H$gr à{VHy$b {dnWZ Ho$ {bE ‘mO©Z H$s Ny>Q> XoH$a ‘yë¶m§H$Z H$s VmarI H$mo ¶WmpñWVr nm°{b{g¶m|
H$s ~H$m¶m Ad{Y¶m| Ho$ {bE ^mdr IMm} Ho$ {ddoH$nyU© ‘yë¶m§H$Z Ho$ AmYma na {ZYm©[aV {H$E JE Wo& BgHo$ Abmdm Hw$N> g§~Õ ßbm°Zmo Ho$ ‘m‘bo ‘|
Ohm§ n[an¹$Vm na EH$ Jma§Q>r h¡, Eogr Jma§Q>r H$s bmJV ñQ>moMpñQ>H$ nÕ{V H$m BñVo‘mb H$aHo$ {ZH$mbr JB© h¡& ~r‘m AH$mC§Q> & >VWm ~r‘m AH$mC§Q 2
VWm OrdZ ñZoh ßbm°°Zmo Ho$ {bE ã¶mO Jma§Q>r H$s bmJV H$m àmdYmZ {H$¶m J¶m h¡& Eogo ßbmZm| Ho$ {bE Ohm§ {dH$ën ‘m¡OyX hmo {OÝh| nm°{b{gYmaH$m| Ûmam
MwZm Om gH$Vm h¡, Eogr pñW{V ‘| g~go AÀN>o {dH$ën H$mo BZ {dH$ënm| H$m ‘yë¶m§H$Z H$aZo Ho$ {bE {b¶m J¶m h¡&
O¡go {H$ AmB©AmaS>rEAmB© Ûmam eV} aIr JB© h¡, ì¶{º$JV g§~§Õ nm°{bgr`mo§ Ho$ ‘m‘bo ‘o ^mdr {d{Z¶moOZ Ho$ {bE {Z{Y (E\ E\ E )H$m àmdYmZ {H$¶m
J¶m h¡&
OrdZ ~r‘m ì¶dgm¶ Ho$ ‘yë¶m§H$Z Ho$ n[aUm‘ñdén {ZH$br A{Yeof YZam{e H$mo OrdZ ~r‘m A{Y{Z¶‘ 1956 H$s Ymam 28, {Ogo g§gX Ûmam g§emo{YV
{H$¶m J¶m Wm Am¡a 29 ‘mM© 2012 Ho$ AnZr amOnÌ A{YgyMZm Ho$ A§VJ©V ^maV gaH$ma Ûmam bmJy {H$¶m J¶m Wm, Ho$ Cn~§Ym| Ho$ AZwgma Am~§{Q>V
H$a {X¶m J¶m h¡& A{Y{Z¶‘ H$s g§emo{YVH$ Ymam ‘| ¶h Cn~§Y {H$¶m J¶m h¡ {H$ Bg àH$ma H$s A{Yeof YZam{e H$m 90 à{VeV ¶m Bggo A{YH$,
Omo ^r H|$Ð gaH$ma AZw‘mo{XV H$a|, nm°{b{gYmaH$m| H$mo Am~§{Q>V {H$¶m OmEJm ¶m CZHo$ {bE Ama{jV {H$¶m OmEJm& {XZm§H$ 13 Zd~§a, 2013 Ho$
nÌ Ho$ A§VJ©V ^maV gaH$ma Zo ^m.Or.{~.{Z. H$mo 95…5 H$s AZwnmV H$mo ^{dî¶ ‘o§ H$‘ H$a 90:10 H$aZo H$s Zå¶Vm gwa{jV aIVo hþE 95:5 Ho$ AZwnmV
dmbo dV©‘mZ A{Yeof n¡Q>Z© {Og‘| 95% nm°{b{gYmaH$mo H$mo {d{Z¶mo{OV H$s OmVr h¡ H$mo Omar aIZo H$s AZw‘Vr Xr h¡&
4. n[aMmbZ ì¶¶-ì¶dgm¶ Ho$ {d{^Þ àIÊS>m| ‘| IM© Ho$ Am~§Q>Z Ho$ AmYma (31.03.2019 VH$ Ho$ ‘yë¶m§H$Z Ho$):
Ag§~Õ gh^mJr, Ag§~Õ J¡a-gh^mJr, gm‘mÝ¶ dm{f©{H$¶m±, n|eZ, g‘yh ì¶dgm¶, BH$mB© g§~Õ ì¶dgm¶, ny± ‘mo ({Z. dm. g{hV) ì¶dgm¶ Ed§ d[að>
n|eZ ~r‘m ¶moOZmHo$ g§~§Y ‘| n[aMmbZ IM© Ho$ Am§~Q>Z H$m AmYma {ZåZ h¡:
H$) do IM©, {OZH$m AnZo ì¶dgm¶ go grYo nVm bJm¶m Om gH$Vm h¡ CZH$m Am~§Q>Z dmñV{dH$ AmYma na {H$¶m OmVm h¡&
I) AÝ¶ IM} {OZH$m AnZo ì¶dgm¶ go àË¶j nhMmZ Zht hmo gH$Vr CZH$m Am~§Q>Z gm‘mÝ¶ nyb go {ZåZ{b{IV ‘| go {H$gr Ho$ AmYma na ¶m BZHo$
g§¶moOZ Ho$ AmYma na {H$¶m J¶m h¡:
1. nm°{bgr¶m| H$s g§»¶m
2. Hw$b g§J¥hrV àr{‘¶‘
3. ~r{‘V am{e
ì¶dgm¶ H$s {d{^Þ bmBZmo§ Ho ~rM {d{Y gm‘mÝ¶ ì¶¶ H$m Am~Z§Q>Z {ZJ_ H r AZw_mo{XV ì¶¶ {Z{V na AmYm[aV h¡&
5. nm°{bgrYmaH$m| Ho$ ImVo Ed§ eo¶aYmaH$m| Ho$ ImVo Ho$ ~rM {Zdoem| Ho$ Am~§Q>Z H$m AmYma Ed§ Cg na Am¶:
eo¶aYmaH$m| Ho$ VWm nm°{bgrYmaH$m| Ho$ {Zdoem|na àmá Am¶ g§~§{YV {Z{Y ‘| gpå‘{bV {H$¶m J¶m h¡&
àMmbZ go CnbãY {Zdoe ¶mo½¶ A{Yeof VWm nm°{bgrYmaH$m| Ho$ {Zdoem| go àmá Am¶ H$mo nm°{bgrYmaH$m| H$s {Z{Y ‘| gpå‘{bV {H$¶m J¶m h¡& df© Ho$
Xm¡amZ eo¶aYmaH$m| H$s {Z{Y H$s d¥{Õ H$mo eo¶aYmamoH§$ H$s {Z{Y ‘| em{‘b {H$¶m J¶m h¡&
6. n[aemoYZ Ho$ AmYma :
H$) F$U à{V^y{V¶m±:
BH$mB© g§~Õ ì¶dgm¶, Ohm± g^r F$U à{V^y{V¶m± ^m ~r dr àm. Ho$ {Xem {ZX}em| Ho$ AZwgma ~mOma ‘yë¶ na Xem©E JE h¡, Ho$ Abmdm AÝ¶, g^r
àH$ma Ho$ ì¶dgm¶ go gå~pÝYV gaH$mar à{V^y{V¶m| g{hV g^r F$U à{V^y{V¶m| Ho$ ‘m‘bm| ‘|, dhr ‘yë¶ A§{H$V ‘yë¶ go A{YH$ hmoZo na Cgo
Ym[aVm / n[an¹$Vm H$s eof Ad{Y Ho$ {bE, A{Y‘yë¶ g‘m§Va AmYma na n[aemo{YV {H$¶m J¶m h¡&
246
246
62 nd Annual Report
The expense assumption for valuation was arrived at either as a percentage of premiums or as per policy or a combination of
these. The renewal per policy expenses used for valuing individual business vary according to the type of plan and status of the

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related expenses in respect of individual business includes service tax on premium wherever applicable and ranges from 0.03% to
18.03% depending on the type of plan.
While valuing Participating policies, the allowance for taxation and allocation of surplus to shareholders has been made by appropriately
rating up future reversionary bonuses reserved for the balance duration of the contract. Additionally, reserves have been provided

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death strain due to AIDS/HIV, extra risk in respect of sub-standard lives, incurred but not reported deaths (IBNR), catastrophe and
improvement in mortality. The assumptions used for arriving at the reserves for above mentioned items were determined based on
a prudent assessment of the future experiences for the outstanding durations of the policies as at the date of valuation allowing for
margin for any adverse deviation. Further, in case of linked plans, where there is a guarantee at maturity, cost of such guarantee
- +:? , #

been provided. For plans where there are options which can be exercised by the policyholders, the most onerous option has been
taken for valuing these options.
As stipulated by IRDAI, Fund for Future Appropriations (FFA) has been provided in case of individual linked policies.
Surplus emerging as a result of valuation of life insurance business has been allocated in accordance with the provisions of Section
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$
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90g
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may approve, shall be allocated to or reserved for the policyholders. Government of India, vide letter dated 13th November, 2013,
have allowed LIC to continue with the existing surplus distribution pattern of 95:5 by allocating 95% to policyholders while retaining
N 90[20
.
4 Operating Expenses: Basis of allocation of expenditure to various segments of business (for Valuation as at 31.03.2019)
B "N
%4&' #%4&' %4#
General Annuities, Pensions, Health, Group Business, Unit Linked Business, CRAC and VPBY business on the basis of:
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actual basis, and
B "N

the following basis or a combination of these:
i. Number of policies
ii. Total premium income
iii. Sum assured
Allocation of common expenses among various lines of business is based on the approved expense policy of the Corporation.
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Income accruing on investments held in Policyholders’ and Shareholders’ funds have been taken to the respective funds.
The investible surplus, arising out of operations and income on Policyholders’ investments, was invested in Policyholders’ account.
The accretions to shareholders’ fund during the year stands invested in shareholders’ fund.
6. Basis of Amortisation of:
(a) Debt securities:
In respect of all debt securities including Government Securities, where the book value is more than the face value, the
premium has been amortised on straight line basis over the balance period of holding/maturity in all classes of business except
Unit Linked Business where all the debt securities have been shown at market value in terms of the IRDA guidelines.
247
I) {d‘moÀ¶ A{Y‘mZr eo¶a:

g^r dJm] H$s ì¶dgm¶ ‘| Ohm± dmñV{dH ‘yë¶ A§{H$V ‘yë¶ go A{YH$ h¡, A{Y‘yë¶, Ym[aVm n[an¹$Vm H$s eof Ad{Y Ho$ {bE g‘m§Va AmYma
na n[aemo{YV {H$¶m J¶m h¡&
7. {Zdoe g§n{Îm Ho$ nwZ‘w©ë¶m§H$Z H$m AmYma :
{Zdoe g§n{Îm Ho$ ‘yë¶ H$m ha VrZ df© ‘| EH$ ~ma nwZ‘w©ë¶m§H$Z {H$¶m OmVm h¡& gån{Îm¶m| ({Zdoe Ed§ ñd¶§)H$m nwZ‘w©ë¶m§H$Z {dÎmr¶ df© 2016-17 Ho$
Xm¡amZ {H$¶m J¶m Wm&
gån{V¶m| H$m nwZ‘w©ë¶m§H$Z {ZåZ AmYma na {H$¶m J¶m h¡
Ohm± na gån{Îm H$m ‘w»¶ {hñgm AWm©V {Z{‘©V ^mJ H$m 75% go A{YH$ ñd¶§ ¶m {H$am¶o hoVy Cn¶moJ {H$¶m OmVm h¡ Vmo Eogr gån{Îm H$m ‘yë¶m§H$Z Cgo
EH$ BH$mB© ‘mZH$a CgHo$ ‘w»¶ Cn¶moJ Ho$ AmYma na {H$¶m Om¶oJm& BZ ‘m‘bmo ‘| ‘wë¶m§H$Z Ho$ {bE ¶m Vmo {H$am¶m "ny§OrH$aU {d{Y' AWdm "^y{‘ Ed§
^dZ' {d{Y H$m Cn¶moJ {H$¶m OmVm h¡& ‘yë¶m§H$Z Ho$ ~mX gån{Îm Ho$ g§ånyU© ‘yë¶ H$mo {Zdo{eV gån{Îm Ed§ñd¶§ Ho$ Cn¶moJdmbr gån{Îm ‘| AmZynm{VH$
ê$ngo {Z{‘©V joÌ Ho$ AmYma na {d^m{OV {H$¶m OmVm h¡&
8. Ad{Y-nyd© ‘X :
{dÎmrV¶ df© 2018-2019 H$s Am¶ ‘| {ZåZ{b{IV Ad{Y-nyd© ‘Xm| H$m g‘mdoe h¡:
(` bmI ‘|)
{Zdoe Ho$ gån{Îm go Am¶ 0.00 261.60
AÝ` nmd{V 0.00 38.46
Hy$b 0.00 300.06
{dÎmr¶ df© 2018-19 Ho$ ì¶¶m| ‘| {ZåZ{b{IV Ad{Y-nyd© ‘Xm| H$m g‘mdoe h¡:
(` bmI ‘|)
XþéñVr Ed§ AZwajU 51.53 47.79
{dÚwV à^ma 3.60 17.18
{H$am¶m, ñWmZr¶ Xa Ed§ AÝ¶ H$a 17.54 142.96
_o{SH b \ rg 00.00 13.43
^ËVo Ed§ H$_reZ 38.95 5.83
’w$Q>H$a ì¶¶ 0.25 13.36
‘yë¶ hmg 59.00 10.71
gåàofU ì¶¶ 1.07 4.50
godm H$a 48.07 0.71
\ Zr©Ma Ed§ {\ {Q§½g 4.08 0.00
{à{Q§J IM© 0.13 0.00
Mm` Ed§ Hm°\ r IM© 0.14 0.00
g_mMma nÌ Hm A{^XmZ 0.14 0.00
{dH mg A{YH mar`m| H r à{V`mo{JVm nwañH ma 42.27 0.00
~r_m {à{_`_ 0.08 0.00
H _reZ 2128.72 0.00
E\EgB©g Hmo ½ŒmoÀ`wQr H m ^wJVmZ 0.34 0.00
_moQa H ma IM© 4.86 0.00
Am§V{aV nwZ©dr_m 0.00 19.26
248
248
62 nd Annual Report

;"
Where the book value is more than the face value, the premium has been amortised on the straight line basis over the balance
period of holding/ maturity in all classes of business.
7. Basis of revaluation of investment property
Investment property is revalued once in every three years. The revaluation of properties (both Investment and own) has been carried
/02H42K

[
In case where the major portion i.e. more than 75% of the built up area is either for self use or for letting out, the valuation has to be
done for the whole property in one method, treating the whole property as one, depending upon the majority type of occupancy. The
! &:+< +
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8. Prior Period Items:
The income for the F.Y. 2018-2019 includes following Prior period items mentioned below:
(` in Lakhs)
Rent from tenants/licensees 0.00 261.60
Other receipt 0.00 38.46
Total 0.00 300.06
The expenses for the F.Y. 2018-2019 includes following Prior period items mentioned below:
(` in Lakhs)
! :< 51.53 47.79
" 3.60 17.18
! #! :N 17.54 142.96
< - 00.00 13.43
: 38.95 5.83
< "N 0.25 13.36
Depreciation 59.00 10.71
Communication expenses 1.07 4.50
Service Tax 48.07 0.71
- :- 4.08 0.00
:, 0.13 0.00
:I "N 0.14 0.00
Subscription to newspaper 0.14 0.00
; J 42.27 0.00
Insurance Premium 0.08 0.00
Commission 2128.72 0.00

$-," 0.34 0.00
<"N 4.86 0.00
Reinsurance ceded 0.00 19.26
249
nam_e© ewëH 0.00 0.00

{ZYr à~§YZ ewëH 0.00 56.12
g§~§ÜXm| Ho {bE nm{al{_H 0.00 1.24
AÝ` H$_©Mmar gw{dÜmmE§ 0.00 0.83
B© Sr E_ Eg ^wJVmZ 0.00 6.31
A{YH$mar`mo§ Ho$ {bE n«moËgmhZ 0.00 0.34
AZ{Y`m{MV am{e na ã`mO Ho$ {bE n«mdYmZ 0.00 514.11
Hw$b 2400.77 854.68
My§{H$ Cº$ C{ëb{IV Ad{Y-nyd© _Xmo§ H$m n«^md _hËdnyU© Zhr§ h¡, AV: CÝho§ amOñd boIm _o§ n¥WH$ êŸn go n«X{e©V Zhr§ {H$`m J`m h¡§&
9. Xmdo§ :
VwbZ-nÌ H$s VmarI H$mo 6 ‘{hZo go A{YH$ Ho$ g‘m¶mo{OV Ed§ AXm Z {H$E JE Xmdo (à~§YZ Ûmam ¶Wm à‘m{UV)
g§»¶m am{e (` bmI ‘|)
Mmby df© {nN>bo df© Mmby df© {nN>bo df©
‘¥Ë¶y Xmd| 4026 17638 1902.84 3641.60
n[an¹$Vm Xmd| 1890694 1809075 270249.73 209875.11
10. A) ~H$m¶m Ed§ nm°{ggrYmaH$m| Ûmam Xmdm Z H$s JB© am{e¶m| Ho$ Am¶w-dma {díbofU H$m {ddaU
(` bmI ‘|)
{ddaU Hw$b am{e Am¶w-dma {díbofU
0-6 ‘{hZo 7-12 ‘{hZo 13-18 19-24 25-30 31-36 36-120
‘{hZo ‘{hZo ‘{hZo ‘{hZo ‘{hZo
ZnQ>mE JE, na§Vw ~r{‘V ì¶{º$/ 44741.23 5340.90 14162.57 4408.43 3304.86 1096.05 469.85 15958.57
nm°{bgrYmaH$m| Ûmam {H$E JE (32020.33) (13266.34) (4453.48) (5051.70) (1965.06) (1347.76) (1018.05) (4917.94)
‘wH$X‘o Ho$ H$maU H$mo N>moS>H$a AÝ¶
H$maUm| d e{nm° { bgrYmaH$m| / ~r{‘V
ì¶º$r H$mo ^wJVmZ Z {H$E JE Xmdo
~r{‘V ì¶{º$ /nm°{bgrYmaH$m| H$mo 1193102.26 125935.82 160150.38 109404.10 102740.04 84679.10 76252.87 533939.95
n[an¹$Vm AWdm AÝ¶ én go Xo¶ (873000.31) (546344.60) (71069.19) (86154.54) (47934.98) (46997.03) (25723.29) (48776.68)
am{e
àr{‘¶‘/H$a AWdm {H$gr AÝ¶ 106912.31 6374.22 21850.01 16877.84 10590.17 7130.23 7429.26 36660.58
à^mamo§ H$s A{V[aº$ dgybr, {OgH$m (103711.12) (25368.43) (15913.13) (14569.34) (9327.43) (9429.05) (14099.05) (15004.69)
à{VXm¶, nm°{bgrYmaH$m| H$mo, nm°{bgr
Ho$ {Z~§YZ Ed§ eVm} Ho$ AZwgma
AWdm à{YH$mar Ho$ {ZX}em| Ho$
AZwgma {H$¶m OmZm h¡, na§Vw A^r
VH$ Zht {H$¶m J¶m h¡&
Omar {H$E JE na§Vw
39580.60 5019.27 3548.62 2206.97 4335.71 3277.66 4051.23 17141.14
nm°{bgrYmaH$/~r{‘V ì¶{º$ Ûmam
(42169.81) (10637.89) (4628.58) (4638.34) (2944.71) (2907.20) (3150.48) (13262.61)
^wZmE Zht JE MoH$
250
250
62 nd Annual Report
Consultancy Fees 0.00 0.00

-< 0.00 56.12
Remuneration to Associates 0.00 1.24
B ,I 0.00 0.83
";<, 0.00 6.31
, J 0.00 0.34
Provision for Interest on Unclaimed Amount 0.00 514.11
Total 2400.77 854.68
The above mentioned prior period items have not been disclosed separately in the Revenue account as the impact of the same is
not material.
9. Claims

H [P
< Q
Number Amount (` `

Current Year Previous Year Current Year Previous Year
Claims by death 4026 17638 1902.84 3641.60
Claims by maturity 1890694 1809075 270249.73 209875.11
10. a) ; ^ {^ "> ";

; ">"

(` in Lakhs)
Total
Particulars AGE WISE ANALYSIS
Amount
{ { { { {
{; {;
; ; ; ; ;
Claims Settled but not paid to
the policyholders/ insured due
to any reasons except under 44741.23 5340.90 14162.57 4408.43 3304.86 1096.05 469.85 15958.57
litigation from the insured/ (32020.33) (13266.34) (4453.48) (5051.70) (1965.06) (1347.76) (1018.05) (4917.94)
policyholders
Sum due to the insured/
1193102.26 125935.82 160150.38 109404.10 102740.04 84679.10 76252.87 533939.95
policyholders on maturity or (873000.31) (546344.60) (71069.19) (86154.54) (47934.98) (46997.03) (25723.29) (48776.68)
otherwise
Any excess collection of the
premium/ tax or any other
charges which is refundable
to the policyholders either
as terms of conditions of the 106912.31 6374.22 21850.01 16877.84 10590.17 7130.23 7429.26 36660.58
policy or as per law or as per (103711.12) (25368.43) (15913.13) (14569.34) (9327.43) (9429.05) (14099.05) (15004.69)
law or as may be directed by
the Authority but not refunded
so far

39580.60 5019.27 3548.62 2206.97 4335.71 3277.66 4051.23 17141.14
encashed by the policyholder/ (42169.81) (10637.89) (4628.58) (4638.34) (2944.71) (2907.20) (3150.48) (13262.61)
insured
251
A) Xmdm Z {H$E JE am{e Am¡a {Zdoe Am` H$m {ddaU \$m_©-g r

(` bmI ‘|)
{ddaU Mmby {dÎmr` df© {nN²bm {dÎmr` df©
àma§{~H eof 1050901.57 795187.02
Omo‹So§: AZ{Y`m{MV {Z{Y _o§ ñWmZm§V{aV am{e 702963.71 424028.00
Omo‹So§: A{Zdm`© am{e go Omar MoH , bo{H Z nm°{bgrYmaH mo§ Ûmam ZH X Zht {H `m J`m (Ho db V^r 13516.65 1141.24
em{_b {H `m OmZm Mm{hE O~ MoH ~oH ma hmo MwH r hmo)
Omo‹So§: AZ{Y`m{MV {Z{Y na {Zdoe Am` 74550.91 73297.85
KQmò: df© Ho Xm¡amZ ^wJVmZ {H E JE Xmdmo§ H r am{e 423810.62 239229.02
KQmò: EggrSãë`yE\ _o§ ñWmZm§V{aV am{e (nhbo ñWmZm§V{aV am{e Ho g§~§Y _o§ ^wJVmZ {H E JE Xmdmo§ 33785.82 3523.52
H m ewÕ)
AZ{Y`m{MV am{e \§ S H r g_mnZ eof am{e 1384336.40 1050901.57
11. ^maV ‘| Am¡a ^maV Ho$ ~mha {ZJ‘ H$s ^m[aV n[ag§n{Îm¶m§ (à~§Y Ûmam à‘m{UV)
ñWmZr¶ H$mZyZm| Ho$ A§VJ©V O‘m {H$E OmZo Ho$ {bE Ano{jV gr‘m VH$ ¶m AÝ¶Wm ^m[aV n[ag§n{Îm¶m: ` 1499.56 H amoS ({nNbo df© ` 1203.09
H amoS)
12. {ZXoe Ho g§~§Y _| AZw~§Ymo§ H$m ‘yë¶:
Ag§~Õ ì¶dgm¶ Ho$ g§~§Y ‘|:
(H$) Iar{X¶m± {OZ‘| n[aXmZ b§{~V hmo ` 24590 bmI ({nN>bo df© ` 55846 bmI)
(I) {~«{H«$¶m± {OZ ‘| AXmMm[a¶m± A{VXo¶ hmo ` 43953 bmI ({nN>bo df© ` 40850 bmI)
no§eZ ì`dgm`, hoëW ì`dgm` VWm n±§y._mo. ({Z.dm. g{hV)ì`dgm` Ho$ g§~§Y _o§ {Zdoe go g§~§{YV H$moB© ^r g§{dXm ~H$m`m Zhr§ Wr&
g§~Õ ì¶dgm¶ Ho$ g§~§Y ‘|:
(H$) Iar{X¶m± {OZ‘| n[aXmZ b§{~V hmo ` 3667 bmI ({nN>bo df© ` 5233 bmI)
(I) {~«{H«$¶m± {OZ ‘| AXmMm[a¶m± A{VXo¶ hmo ` 33460 bmI ({nN>bo df© ` 12316 bmI)
13. AÜ¶j, à~§Y {ZXoeH$m| Ed§ à_wI à~§YH$s¶ ì`{³V`m| H$mo nm[al{‘H$ :
(` bmI ‘|)
doVZ Ed§ ^Îmo 291.62 251.43
n|eZ ‘| {ZJ‘ H$m A§eXmZ 19.73 18.68
n[abpãY¶m| H$m H$a¶mo½¶ ‘yë¶ 56.33 63.19
Cn`w©º$ nm{al{_H$ _o§ godm{Zd¥{Îm bm^ em{_b Zhr§ h¡ O¡go CnXmZ Am¡a NwÅr ZH$XrH$aU Omo nwñVH$mo§ _o§ Cnm{O©V/^wJVmZ hmoVo h¡&
14. H$) Ag§~Õ ì¶dgm¶ Ho$ C{MV ‘wë¶ AmYma na ‘yë¶m§{H$V B{¹$Q>r eo¶am| d gh¶moJ {ZYr ‘| {Zdoem| H$s Eo{Vhm{gH$ bmJV :
(` bmI ‘|)
OrdZ, dm{f©H$s Ed§ g‘yh ¶moOZmE§ …-
B{¹$Q>r 38060553 36145523
gh¶moJ {Z{Y {Zdoe 636544 321288
I) g§~§Õ ì¶dgm¶ Ho$ C{MV ‘wë¶ AmYma na ‘yë¶m§{H$V {Zdoem| H$mo Eo{Vhm{gH$ bmJV:
(` bmI ‘|)
B{¹$Q>r eo¶a 2815076 3888644
gaH$mar à{V^y{V¶m± 3421150 3254755
252
252
62 nd Annual Report
$" ";

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(` in Lakhs)
Particulars Current Previous

Financial year Financial Year
Opening Balance 1050901.57 795187.02
Add: Amount transferred to Unclaimed Fund 702963.71 424028.00
Add:
13516.65 1141.24
P Q
Add: Investment Income on Unclaimed Fund 74550.91 73297.85
Less: Amount of claims paid during the year 423810.62 239229.02
Less: Amount transferred to SCWF (net of claims paid in respect of amounts transferred 33785.82 3523.52
earlier)
Closing Balance of Unclaimed Amount Fund 1384336.40 1050901.57
\ ; '

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# N [`1499.56 Cr. (P. Y. ` 1203.09 Cr.)
12. Value of contracts in relation to Investments:
In respect of Non- Linked business:
(a) Purchases where deliveries are pending ` 24590 Lakhs (previous year ` 55846 Lakhs)
(b) Sales where payments are overdue ` 43953 Lakhs (previous year ` 40850Lakhs)
There were no contracts outstanding in relation to investments in respect of Pension business, Health Business and CRAC business:
In respect of Linked business:
(a) Purchases where deliveries are pending ` 3667 Lakhs (Previous Year ` 5233 Lakhs)
(b) Sales where payments are overdue ` 33460 Lakhs (Previous Year ` 12316 Lakhs)
\ "; ; @ $_> "'
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, : /92H/ /G2ML
Corporation’s contribution to Pension 19.73 18.68
N @
GHLL HL29
N \
books.
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(b) Historical cost of investments valued on fair value basis of Linked Business is as under:
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Government Securities 3421150 3254755
253
J) ny±Or ‘moMZ VWm {ZYm©[aV dm{f©H$s g{hV C{MV ‘yë¶ AmYma na ‘yë¶m§{H$V B{¹$Q>r eo¶am| ‘| {Zdoem| H$s Eo{Vhm{gH$ bmJV:
(` bmI ‘|)
B{¹$Q>r eo¶a ímyÝ¶ ímyÝ¶
15. boIm {Z{V¶m± 15 (gwYm[aV 2005) H$‘©Mmar {hVbm^ Ho$ AZwgma boIm {Z{V¶m| ‘| n[a^m{fV {H$E hþE H$‘©Mmar {hVbm^ Ho$ g§~§Y ‘|
CX²²KmQ>rV {df¶ {ZåZ{b{IV h¡:
H$) 31.03.2019 VH$ H$s H$‘©Mmar J«°À¶wBQ>r Xo¶Vm H$s {JZVr :
Bg Xm{¶Ëd H$m dV©‘mZ ‘yë¶ ~r‘m§H$Z ‘yë¶m§H$Z na AmYm[aV, àñVm{dV B©H$mB© O‘m nÕVr go {ZpíMV {H$¶m J¶m h¡&
I nydm©Zw‘mZ
(` H$amo‹S ‘|)
31.3.2019 31.3.2018
[a¶m¶Vr Xa 8.00% 8.00%
¶mo{OV n[ag§n{Îm¶m| na bm^ H$m Xa 8.00% 8.00%
doVZ ‘| d¥{Õ 6.00% 6.00%
H$‘©Mm[a¶m| Ho$ Cd©[aV-H$m¶©H$mb H$m Ano{jV Am¡gV (df©) 10.97 11.72
II. Xm{¶Ëdm| Ho$ dV©‘mZ ‘yë¶m| ‘| hmoZodmbo n[adV©Z Xem©Zodmbr gyMr:

(` H$amo‹S ‘|)
31.3.2019 31.3.2018
df© H$s ewê$AmV VH$ Ho$ Xm{¶Ëdm| H$mo dV©‘mZ ‘yë¶ 11027.25 6487.73
A{YJ«hU g‘m¶moOZ - -
ã¶mO bmJV ‘yë¶ 882.18 519.02
JV godm bmJV ‘yë¶ 0.00 1238.22
dV©‘mZ godm bmJV ‘yë¶ 322.94 321.91
g§{já bmJV ‘yë¶/(O‘m) - -
{ZnQ>mam bmJV ‘yë¶/(O‘m) - -
AXm {H$¶m J¶m bm^ (548.97) (306.72)
Xm{¶Ëdm|na ~r‘m§H$Z(bm^)/hm{Z (92.60) 2767.10
df© Ho$ A§V VH$ Ho$ Xm{¶Ëdm| H$m dV©‘mZ ‘yë¶ 11590.80 11027.25
III. ¶mo{OV n[ag§n{Îm¶m| Ho$ ghr ‘yë¶ ~Xb Xem©Zodmbr gyMr :

(` H$amo‹S ‘|)
31.3.2019 31.3.2018
df© H$s ewê$AmV ‘| ¶mo{OV n[ag§n{Îm¶m| H$m ghr ‘yë¶ 11027.25 6487.73
¶mo{OV n[ag§n{Îm¶m| na Ano{jV bm^ 882.18 519.02
A§eXmZ 200.00 4317.00
AXm {H$¶m J¶m bm^ (548.97) (306.72)
¶mo{OV n[ag§n{Îm¶m§ na ~r‘m§H$Z bm^/(hm{Z) 30.34 10.22
df© Ho$ A§V VH$ Ho$ Xm{¶Ëdm| H$m ghr ‘yë¶ 11590.80 11027.25
254
254
62 nd Annual Report
(c) (

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The present value of the obligation and current service cost is determined based on actuarial valuation using the Projected Unit
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I. Assumptions:
(` in crore)
31.3.2019 31.3.2018
Discount Rate 8.00% 8.00%
Rate of return on Plan Assets 8.00% 8.00%
," 6.00% 6.00%
"N '
of employees (years) 10.97 11.72
\ "^ ""

(` in crore)
31.3.2019 31.3.2018
Present Value of obligation as at the
Beginning of the year 11027.25 6487.73
¢ - -
Interest Cost 882.18 519.02
Past service Cost 0.00 1238.22
Current service Cost 322.94 321.91
Curtailment Cost/ (Credit) - -
Settlement Cost/ (Credit) - -
+ (548.97) (306.72)
Actuarial (gain)/loss on obligations (92.60) 2767.10
end of the year 11590.80 11027.25
\ "^ ]""

(` in crore)
31.3.2019 31.3.2018
Fair Value of Plan Assets at the
beginning of the year 11027.25 6487.73
¢ - -
"N 882.18 519.02
Contributions 200.00 4317.00
+ (548.97) (306.72)
Actuarial gain/(loss) on Plan Assets 30.34 10.22
end of the year 11590.80 11027.25
255
IV. ¶mo{OV n[ag§n{Îm¶m| H$m ghr ‘yë¶ Xem©Zodmbr gyMr:

(` H$amo‹S ‘|)
31.3.2019 31.3.2018
df© H$s ewê$AmV ¶mo{OV n[ag§n{Îm¶m| H$m ghr ‘yë¶ 11027.25 6487.73
¶mo{OV n[ag§n{Îm¶m| na dmñV{dH$ bm^ 912.52 529.24
A§eXmZ 200.00 4317.00
AXm {H$¶m J¶m bm^ (548.97) (306.72)
df© Ho$ A§V VH$ ¶mo{OV n[ag§n{Îm¶m| H$m ghr ‘yë¶ 11590.80 11027.25
{Z{YH$ pñWVr 100.00% 100.00%
¶mo{OV n[ag§n{Îm¶m| na AZw‘m{ZV bm^ H$mo N>moS>H$a 30.34 10.22
dmñV{dH$ bm^ H$m A{Yeof
V. ‘mÝ¶Vmàmá ~r‘m§H$Z bm^/hm{Z

(` H$amo‹S ‘|)
31.3.2019 31.3.2018
df© Ho$ {bE ~r‘m§H$Z bm^/hm{Z - Xm{¶Ëd 92.60 (2767.10)
df© Ho$ {bE ~r‘m§H$Z (bm^)/hm{Z -¶mo{OV n[ag§n{Îm¶m± (30.34) (10.22)
df© Ho$ {bE Hw$b (bm^)/hm{Z (122.94) 2756.88
df© Ho$ ‘mÝ¶Vmàmá ~r‘m§H$Z (bm^)/hm{Z (122.94) 2756.88
df© Ho$ A§V VH$ A-‘mÝ¶Vmàmá ~r‘m§H$Z (bm^/hm{Z) - -
VI. VwbZ-nÌ VWm bm^ Ed§ hm{Z Ho$ {ddaU ‘| ‘mÝ¶Vmàmá hmoZodmbr YZam{e¶m±
(` H$amo‹S ‘|)
31.3.2019 31.3.2018
df© Ho$ A§V VH$ Ho$ Xm{¶Ëd H$m dV©‘mZ ‘yë¶ 11590.80 11027.25
df© Ho$ A§V VH$ ¶moOrV n[ag§n{Îm¶m| H$m ghr ‘yë¶ 11590.80 11027.25
{Z{YH$ pñWVr 100.00% 100.00%
A-‘mÝ¶Vmàmá ~r‘m§H$Z (bm^)/hmZr - -
VwbZ-nÌ ‘| ‘mÝ¶Vmàmá ewÕ n[ag§n{Îm/(Xm{¶Ëd) 0.00 0.00
VII. bm^ Ed§ hm{Z Ho$ {ddaU ‘| ‘mÝ¶Vmàmá ì¶¶:

(` H$amo‹S ‘|)
31.3.2019 31.3.2018
JV godm bmJV ‘yë¶ 0.00 1238.22
ã¶mO bmJV ‘yë¶ 882.18 519.02
¶mo{OV n[ag§n{Îm¶m| na Ano{jV bm^ (882.18) (519.02)
df© ‘| ‘mÝ¶Vmàmá ewÕ ~r‘m§H$Z (bm^)/ hm{Z (122.94) 2756.88
bm^ Ed§ hm{Z H$o {ddaU ‘| ‘mÝ¶Vmàmá ì¶¶ 200.00 4317.00
256
256
62 nd Annual Report
\ "^ ]""

(` in crore)
31.3.2019 31.3.2018
Fair Value of Plan Assets at the
¢ - -
Actual return on Plan Assets 912.52 529.24
+ (548.97) (306.72)
Fair value of Plan Assets at the end
of the year 11590.80 11027.25
Funded Status 100.00% 100.00%
"N
30.34 10.22
V. Actuarial Gain/Loss Recognized

(` in crore)
31.3.2019 31.3.2018
Actuarial gain/(loss) for the year –Obligation 92.60 (2767.10)
Actuarial (gain)/loss for the year – Plan Assets (30.34) (10.22)
Total (gain)/loss for the year (122.94) 2756.88
Actuarial (gain)/ loss recognized in the year (122.94) 2756.88
Unrecognized actuarial (gain)/losses at the end of year - -
;

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(` in crore)
31.3.2019 31.3.2018
Present Value of obligation as at the end of the year 11590.80 11027.25
Fair value of Plan Assets as at the end of the year 11590.80 11027.25
Unrecognized Actuarial (gains)/losses - -
Net Asset/(Liability) recognised in Balance Sheet 0.00 0.00
!'

;

(` in crore)
31.3.2019 31.3.2018
Current Service Cost 322.94 321.91
Past Service Cost 0.00 1238.22
"N (882.18) (519.02)
Net actuarial (gain)/loss recognized in the year (122.94) 2756.88
"N
:& 200.00 4317.00
257
I) g‘yh A{O©V AdH$me ZH$XrH$aU Xm{¶Ëd :

H$‘©Mmar gXñ¶m| H$mo CnbãY ZH$XrH$aU bm^ H$m ‘yë¶§mH$Z àñVm{dV B©H$mB© O‘m nÕVr H$s ‘XX go {H$¶m OmVm h¡& Bg nÕVrZwgma
^{dî¶H$mbrZ doVZ H$mo, {Ogo Cg dº$ ‘yë¶m§H$Z {V{W VH$ [a¶m¶V Xr JB© h¡, Ü¶mZ ‘o§ aIVo hþE, ‘yë¶m§H$Z {V{W VH$ àX^yV bm^
àñVm{dV {H$E OmVo h¡&
I. nydm©Zw‘mZ
(` H$amo‹S ‘|)
31.3.2019 31.3.2018
[a¶m¶Vr Xa| 8.00% 8.00%
doVZ ‘| d¥{Õ 6.00% 6.00%
H$‘©Mmar¶m| H$m Am¡gV Ano{jV Cd©[aV H$m¶©H$mb (df©) 10.97 11.72
II. Xm{¶Ëdm| Ho$ dV©‘mZ ‘yë¶m| ‘| n[adV©Z Xem©Zodmbr gyMr:
(` H$amo‹S ‘|)
31.3.2019 31.3.2018
df© Ho$ ewê$AmV VH$ Ho$ Xm{¶Ëdm| H$m dV©‘mZ ‘yë¶ 3895.70 3140.06
ã¶mO bmJV ‘yë¶ 311.66 251.20
JV godm bmJV ‘yë¶ - -
AXm {H$¶m J¶m bm^ (185.13) (158.90)
Xm{¶Ëdm| na ~r‘m§H$Z (bm^)/hm{Z 89.98 606.73
III. ¶mo{OV n[ag§n{Îm¶m| Ho$ ghr ‘yë¶ ‘| ~Xb Xem©Zodmbr gyMr

(` H$amo‹S ‘|)
31.3.2019 31.3.2018
df© H$s ewê$AmV ‘| ¶mo{OV n[ag§n{Îm¶m| H$m ghr ‘yë¶ 3895.70 3140.06
¶mo{OV n[ag§n{Îm¶m|na dmñV{dH$ bm^ 311.66 251.20
A§eXmZ 140.00 658.00
AXm {H$¶m J¶m bm^ (185.13) (158.90)
¶mo{OV n[ag§n{Îm¶m| na ~r‘m§H$Z bm^/(hm{Z) 11.86 5.33
df© Ho$ A§V VH$ Ho$ ¶mo{OV n[ag§n{Îm¶m| H$m ghr ‘yë¶ 4174.09 3895.70
IV. ¶mo{OV n[ag§n{Îm¶m| H$m ghr ‘yë¶ Xem©Zodmbr gyMr :
(` H$amo‹S ‘|)
31.3.2019 31.3.2018
df© H$s ewéAmV ‘| ¶mo{OV n[ag§n{Îm¶m| H$m ghr ‘yë¶ 3895.70 3140.06
¶mo{OV n[ag§n{Îm¶m|na dmñV{dH$ bm^ 323.52 256.54
A§eXmZ 140.00 658.00
AXm {H$¶m J¶m bm^ (185.13) (158.90)
{Z{YH pñW{V 100.00% 100.00%
¶mo{OV n[ag§n{Îm¶m| na AZw‘m{ZV bm^ H$mo N>moS>H$a dmñV{dH$ bm^ H$m A{Yeof 11.86 5.33
258
258
62 nd Annual Report
~'" ; ">

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¢

valuation date.
I. Assumptions:
(` in crore)
31.3.2019 31.3.2018
Rate of return on Plan Assets 8.00% 8.00%
," 6.00% 6.00%
"N '
" P Q 10.97 11.72
\ "^ ""

(` in crore)
31.3.2019 31.3.2018
¢ - -
Past service Cost - -
Current service Cost 61.88 56.61
+ (185.13) (158.90)
Actuarial (gain)/loss on obligations 89.98 606.73
end of the year 4174.09 3895.70
\ "^ ]""

(` in crore)
31.3.2019 31.3.2018
Fair value of plan assets at beginning of year 3895.70 3140.06
¢ - -
"N 311.66 251.20
+ (185.13) (158.90)
Actuarial gain / (loss) on Plan assets 11.86 5.33
Fair value of plan assets at the end year 4174.09 3895.70
\ "^ ]""

(` in crore)
31.3.2019 31.3.2018
Fair value of plan assets at beginning of year 3895.70 3140.06
¢ - -
Actual return on plan assets 323.52 256.54
+ (185.13) (158.90)
Fair value of plan assets at the end year 4174.09 3895.70
Funded status 100.00% 100.00%
"N
11.86 5.33
259
V. ‘mÝ¶Vmàmá ~r‘m§H$Z bm^/hm{Z

(` H$amo‹S ‘|)
31.3.2019 31.3.2018
df© Ho$ {bE ~r‘m§H$Z bm^/(hm{Z) - Xm{¶Ëd (89.98) (606.73)
df© Ho$ {bE ~r‘m§H$Z (bm^)/hm{Z - Xm{¶Ëd - ¶mo{OV n[ag§n{Îm¶m± (11.86) (5.33)
df© Ho$ {bE Hw$b (bm^)/hm{Z 78.12 601.39
df© Ho$ ‘mÝ¶Vmàmá ~r‘m§H$Z (bm^)/hm{Z 78.12 601.39
A-‘mÝ¶Vmàmá ~r‘m§H$Z (bm^)/hm{Z¶m± - -
VI. VwbZ-nÌ ‘| ‘mÝ¶Vmàmá H$s AmZodmbr YZam{e¶m± :

(` H$amo‹S ‘|)
31.3.2019 31.3.2018
{Z{YH pñW{V 100.00% 100.00%
A-‘mÝ¶Vmàmá ~r‘m§H$Z (bm^)/hm{Z¶m± - -
VII. bm^ Ed§ hm{Z Ho$ {ddaU ‘| ‘mÝ¶VmàmßV ì¶¶ :

(` H$amo‹S ‘|)
31.3.2019 31.3.2018
ã¶mO bmJV ‘yë¶ 311.66 251.20
df© Ho$ ‘mÝ¶Vmàmá ewÕ ~r‘m§H$Z (bm^)/hm{Z 78.12 601.39
bm^ Ed§ hm{Z Ho$ {ddaU ‘| ‘mÝ¶Vmàmá ì¶¶ 140.00 658.00
J) H$‘©Mmar {Zd¥ÎmrdoVZ ¶moOZm 1995 Xm{¶Ëd :

àñVm{dV B©H$mB© O‘m nÕVr Ohm± na ‘yë¶m§H$Z {VWr VH$ H$m H$m¶©H$mb VWm {ZJ©‘Z {VWr VH$ H$s doVZ ‘| hmoZodmbr d¥{Õ¶m| H$mo Ü¶mZ
‘| aIVo hþE Xo¶ {hVbm^ ‘yë¶m§{H$V {H$E OmVo h¢& BZ am{e¶m| H$m ‘yë¶m§H$Z {VWr VH$ H$m ‘yë¶ BZ àñVm{dV bm^m| H$s am{e¶m| H$mo Ny>Q>
XoVo hþE {ZmH$mbm OmVm h¡&
B©Z‘| à‘wI nydm©Zw‘mZ h¡ (1) [a¶m¶V Xa| (2) doVZ d¥[Õ
I. nydm©Zw‘mZ :
(` H$amo‹S ‘|)
31.3.2019 31.3.2018
[a¶m¶Vr Xa| 8.00% 8.00 %
doVZ ‘| d¥{Õ (‘yb doVZ + _h§JmB© ^Îmm) 6.00% 6.00 %
noÝeZ d¥{Õ H$m Xa 5.00% 5.00 %
¶mo{OV n[ag§n{Îm¶m| na bm^ H$m Xa 8.30% 8.16 %
H$‘©Mm[a¶m| Ho$ Cd©[aV-H$m¶©H$mb H$m Ano{jV Am¡gV (df©) 9.26 9.83
260
260
62 nd Annual Report
V. Actuarial Gain/Loss recognized

(` in crore)
31.3.2019 31.3.2018
Actuarial gain/(loss) for the year – Obligation (89.98) (606.73)
Actuarial (gain)/loss for the year – Plan Assets (11.86) (5.33)
Total (gain)/loss for the year 78.12 601.39
Actuarial (gain)/loss recognized in the year 78.12 601.39
Unrecognized actuarial (gains)/losses - -
\ ; [

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(` in crore)
31.3.2019 31.3.2018
Present Value of Obligation as at the end of the year 4174.09 3895.70
Fair Value of Plan Assets as at the end of the year 4174.09 3895.70
Unrecognized Actuarial (gains)/losses - -
Net Asset/(Liability) Recognized in Balance Sheet 0.00 0.00
\ !' [

;

(` in crore)
31.3.2019 31.3.2018
Past Service Cost - -
"N (311.66) (251.20)
Net actuarial (gain)/loss recognised in the year 78.12 601.39
"N
:& 140.00 658.00
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¢
P2Q :P/Q,
I Assumptions:
(` in crore)
31.3.2019 31.3.2018
Discount rate 8.00% 8.00 %
Rate of increase in salary (Basic+DA) 6.00% 6.00 %
Rate of pension increase 5.00% 5.00 %
Rate of return on Plan Assets 8.30% 8.16 %
"N '
" P Q 9.26 9.83
261
II. Xm{¶Ëdm| H$o dV©‘mZ ‘yë¶m| ‘| hmoZodmbo n[adV©Z Xem©Zodmbr gyMr :

(` H$amo‹S ‘|)
31.3.2019 31.3.2018
df© H$s ewéAmV VH$ Ho$ Xm{¶Ëdm| H$m dV©‘mZ ‘yë¶ 53904.00 45109.52
ã¶mO bmJV ‘yë¶ 4312.32 3608.76
dV©‘mZ godm bmJV ‘yë¶ 4319.74 5921.05
g§{já bmJV ‘yë¶ / (O‘m) - -
{ZnQ>mam bmJV ‘yë¶ / (O‘m) - -
AXm {H$¶m J¶m bm^ (2192.45) (1404.90)
Xm{¶Ëdm|na ~r‘m§H$Z (bm^)/(hm{Z) 767.70 669.57
III. ¶mo{OV n[ag§n{Îm¶m| Ho$ ghr ‘yë¶ ~Xb Xem©Zodmbr gyMr :

(` H$amo‹S ‘|)
31.3.2019 31.3.2018
df© Ho$ ewéAmV ‘| ¶mo{OV n[ag§n{Îm¶m| H$m ghr ‘yë¶ 53904.00 45109.52
¶mo{OV n[ag§n{Îm¶m| na Ano{jV bm^ 4312.32 3608.76
A§eXmZ 4827.18 6638.27
AXm {H$¶m J¶m bm^ (2192.45) (1404.90)
¶mo{OV n[ag§n{Îm¶m| na ~r‘m§H$Z bm^/hm{Z 260.26 (47.65)

(` H$amo‹S ‘|)
31.3.2019 31.3.2018
¶mo{OV n[ag§n{Îm¶m| na dmñV{dH$ bm^ 4572.58 3561.11
A§eXmZ 4827.18 6638.27
AXm {H$¶m J¶m bm^ (2192.45) (1404.90)
{Z{YH$ pñWVr {Z{YH$ {Z{YH$
¶mo{OV n[ag§n{Îm¶m| na AZw‘m{ZV bm^ H$mo N>moS>H$a dmñV{dH$ bm^ H$m A{Yeof 260.26 (47.65)
V. ‘mÝ¶Vmàmá ~r‘m§H$Z bm^/hm{Z:

(` H$amo‹S ‘|)
31.3.2019 31.3.2018
df© Ho$ {bE ~r‘m§H$Z bm^/(hm{Z) - Xm{¶Ëd (767.70) 669.57
df© Ho$ {bE ~r‘m§H$Z (bm^)/hm{Z -¶mo{OV n[ag§n{Îm¶m± (260.26) 47.65
df© Ho$ {bE Hw$b (bm^)/hm{Z 507.44 717.22
A‘mÝ¶Vmàmá ~r‘m§H$ (bm^)/hm{Z 0.00 0.00
262
262
62 nd Annual Report
\ "^ ""

(` in crore)
31.3.2019 31.3.2018
Present Value of Obligation as at the beginning
of the year 53904.00 45109.52
¢ - -
Curtailment Cost / (Credit) - -
Settlement Cost / (Credit) - -
+ (2192.45) (1404.90)
Actuarial (gain)/ loss on obligations 767.70 669.57
\ "^ ]""

(` in crore)
31.3.2019 31.3.2018
Fair value of plan assets at beginning of the year 53904.00 45109.52
¢ - -
"N ! 4312.32 3608.76
+ (2192.45) (1404.90)
Actuarial Gain /(Loss) on Plan Assets 260.26 (47.65)
Fair Value of Plan Assets at end of year 61111.31 53904.00
\ "^ ]""

(` in crore)
31.3.2019 31.3.2018
¢ - -
Actual Return on Plan Assets 4572.58 3561.11
+ (2192.45) (1404.90)
Fair value of plan assets at the end of year 61111.31 53904.00
Funded Status Funded Funded
"N
260.26 (47.65)
V. Actuarial Gain / Loss Recognized

(` in crore)
31.3.2019 31.3.2018
Actuarial gain/(loss) for the year - Obligation (767.70) 669.57
Actuarial (gain)/loss for the year - Plan Assets (260.26) 47.65
Total (gain) / loss for the year 507.44 717.22
Actuarial (gain) / loss recognized in the year 507.44 717.22
Unrecognized actuarial (gains) / losses 0.00 0.00
263
VI. VwbZ-nÌ VWm bm^ Ed§ hm{Z Ho$ {ddaU ‘| ‘mÝ¶Vmàmá hmoZodmbr YZam{e¶m±:
(` H$amo‹S ‘|)
31.3.2019 31.3.2018
df© Ho$ A§V ¶mo{OV n[ag§n{Îm¶m| H$m ghr ‘yë¶ 61111.31 53904.00
{Z{YH$ pñW{V {Z{YH$ {Z{YH$
A-‘mÝ¶Vmàmá ~r‘m§H$ (bm^)/hm{Z 0.00 0.00
(` H$amo‹S ‘|)
31.3.2019 31.3.2018
dV©‘mZ godm bmJV ‘yë¶ 4319.74 5921.05
ã¶mO bmJV ‘yë¶ 4312.32 3608.76
K) {Z¶{‘V A§eH$m{bH$ H$‘©Mmar {Zd¥ÎmrdoVZ ¶moOZm 1999 Xm{¶Ëd:

BZ‘| à‘wI nydm©Zy‘mZ h¡ (1) [a¶m¶Vr Xa| (2) doVZ d¥{Õ
I. nwdm©Zw‘mZ :
(` H$amo‹S ‘|)
31.3.2019 31.3.2018
[a¶mVr Xa| 8.00% 8.00%
doVZ d¥{Õ H$m Xa (‘yb doVZ + _h§JmB© ^Îmm) 6.00% 6.00%
noÝeZ d¥{Õ H$m Xa 5.00% 5.00%
H$‘©Mm[a¶m| Ho$ Cd©[aV H$m¶©H$mb H$m Ano{jV Am¡gV (df©) 8.71 8.93
II. Xm{¶Ëdm| H$o dV©‘mZ ‘yë¶m| ‘| hmoZodmbo n[adV©Z Xem©Zodmbr gyMr :

(` H$amo‹S ‘|)
31.3. 2019 31.3.2018
df© H$s ewéAmV VH$ Ho$ Xm{¶Ëdm| H$m dV©‘mZ ‘yë¶ 22.88 18.62
ã¶mO bmJV ‘yë¶ 1.83 1.49
JV godm bmJV ‘yë¶ {Za§H {Za§H
dV©_mZ godm bmJV ‘yë¶ 0.00 2.58
g§{já bmJV ‘yë¶ / (O‘m) - -
AXm {H$¶m J¶m bm^ 0.00 0.00
¶moOZm H$‘©Mm[a¶m| H$m g§jonU - -
264
264
62 nd Annual Report
\ ; ~ [

~"
;

(` in crore)
31.3.2019 31.3.2018
Unrecognized Actuarial (gains) / losses 0.00 0.00
Net Asset / (Liability) Recognized in Balance Sheet 0.00 0.00
\ !' [

;

(` in crore)
31.3.2019 31.3.2018
"N ! (4312.32) (3608.76)
Net actuarial (gain)/ loss recognized in the year 507.44 717.22
"N !
& 4827.18 6638.27
$ "{;;'"> ;">

P2Q :P/Q,
I. Assumptions:
(` in crore)
31.3.2019 31.3.2018
Rate of increase in salary(Basic+DA) 6.00% 6.00%
Rate of pension increase 5.00% 5.00%
Rate of Return on Plan Assets 8.30% 8.16%
"N '
Of employees (years) 8.71 8.93
\ "^ ""

(` in crore)
31.3. 2019 31.3.2018
Present Value of Obligation as at the beginning
of the year ` 22.88 18.62
¢ 4 4
Past Service Cost Nil Nil
Curtailment Cost/(Credit) - -
+ 000 000
Curtailment of employees in plan - -
265
Xm{¶Ëdm|na ~r‘m§H$Z (bm^)/hm{Z (18.13) 0.19
III. ¶mo{OV n[ag§n{Îm¶mm| Ho$ ghr ‘yë¶ ‘| ~Xb Xem©Zodmbr gyMr :

(` H$amo‹S ‘|)
31.03.2019 31.03.2018
df© Ho$ ewéAmV ‘| ¶mo{OV n[ag§n{Îm¶m| H$m ghr ‘yë¶ 22.88 18.62
¶mo{OV n[ag§n{Îm¶m| na Ano{jV bm^/hm{Z 1.83 1.49
A§eXmZ 0.05 2.76
AXm {H$¶m J¶m bm^ 0.00 0.00
¶mo{OV n[ag§n{Îm¶m| na ~r‘m§H$Z bm^ (18.18) 0.01

(` H$amo‹S ‘|)
31.03.2019 31.03.2018
¶mo{OV n[ag§n{Îm¶m| na dmñV{dH$ bm^ (16.35) 1.50
A§eXmZ 0.05 2.76
AXm {H$¶m J¶m bm^ 0.00 0.00

{Z{YH$ pñWVr {Z{YH$ {Z{YH$

¶mo{OV n[ag§n{Îm¶m| na AZw‘m{ZV bm^ H$mo N>moS>H$a dmñV{dH$ bm^ H$m A{Yeof (18.18) 0.01
V. ‘mÝ¶Vmàmá ~r‘m§H$Z bm^/hm{Z:

(` H$amo‹S ‘|)
31.03.2019 31.03.2018
df© Ho$ {bE ~r‘m§H$Z bm^/(hm{Z) - Xm{¶Ëd 18.13 0.19
df© Ho$ {bE ~r‘m§H$Z (bm^)/hm{Z -¶mo{OV n[ag§n{Îm¶m± 18.18 (0.01)
df© Ho$ {bE Hw$b (bm^)/hm{Z 0.05 0.18
VI. VwbZ-nÌ VWm bm^ Ed§ hm{Z Ho$ {ddaU ‘| ‘mÝ¶Vmàmá hmoZodmbr YZam{e¶m±:
(` H$amo‹S ‘|)
31.03.2019 31.03.2018
df© Ho$ A§V ¶mo{OV n[ag§n{Îm¶m| H$m ghr ‘yë¶ 6.58 22.88
{Z{YH$ pñW{V {Z{YH$ {Z{YH$
266
266
62 nd Annual Report
Actuarial (gain)/ loss on obligations (18.13) 0.19

\ "^ ]""

(` in crores)
31.3.2019 31.3.2018
¢ 4 4
"N ! 23L 2M9
+ 000 000
Actuarial Gain /(Loss) on Plan Assets (18.18) 0.01
Fair Value of Plan Assets at end of year 6.58 22.88
\ "^ ]""

(` in crores)
31.3.2019 31.3.2018
¢ 4 4
Actual Return on Plan Assets (16.35) 1.50
+ 000 000
Fair value of plan assets at the end of year 6.58 22.88
"N
P2323Q 002
V. Actuarial Gain / Loss Recognized

(` in crores)
31.3.2019 31. 3. 2018
Actuarial gain/(loss) for the year - Obligation 18.13 0.19
Actuarial (gain)/loss for the year - Plan Assets 18.18 (0.01)
Total (gain) / loss for the year 0.05 0.18
Actuarial (gain) / loss recognized in the year 0.05 0.18
Unrecognized actuarial (gains) / losses 0.00 0.00
VI. ; ~ [

~"
;

(` in crores)
31.3.2019 31. 3. 2018
Unrecognized Actuarial (gains) / losses 0.00 0.00
Net Asset / (Liability) Recognized in Balance Sheet 0.00 0.00
267

(` H$amo‹S ‘|)
31.3.2019 31.3.2018
ã¶mO bmJV ‘yë¶ 1.83 1.49
(J) A{V[aº$ {ddaU :

1) gm§{d{YH$ AnojmAm| Ho$ AZwgma {H$¶m J¶m {Zdoe (à~§Y Ûmam ¶Wm à‘m{UV)
emIm à{V^y{V¶m| H$m àH$ma ~ht ‘yë¶ (` bmI ‘|)
(Mmby df©) ({nN>bo df©)
¶y.Ho$. `w{Z`Z ~¢H$ ‘| @ 1.90% go gmd{Y O‘m 1805.38 1829.86
‘m°areg ~¢H$ Am°’$ ~S>m¡Xm ‘| @ 3.50% go gmd{Y O‘m 198.32 195.86
{’$Or E’$.Or.Ama. ñQ>mH$ @ 12%, 5.54%, 12.31%, 7.83%, 13%, 5.46%, 5195.69 4970.52
2) Am¶ H$s ‘mÝ¶Vm Ho$ CÔoe go à¶moÁ¶ / AZwà¶moÁ¶ {Zdoemo H$m H$O© (F$U VWm A{J«‘ am{e) ‘o§ {d^mOZ (à~§YZ Ûmam ¶Wm
à‘m{UV):
(` bmI ‘|)
(H$) Ag§~Õ ì¶dgm¶:
à¶moÁ¶ {Zdoe 37819776 38006380
AZwà¶moÁ¶ {Zdoe 2477722 2524100
(I) ny±.‘mo. ({Z.dm.g.) ì¶dgm¶
à¶moÁ¶ {Zdoe 9600 13526
AZwà¶moÁ¶ {Zdoe 0 0
3) nwZg©aMZm Ho$ A{YZ n[ag§n{Îm¶m§ 31.03.2019 VH$: (` bmI ‘|)
nwZgªaMZm Ho$ AYrZ F$U n[ag§n{Îm¶m| H$s Hw$bam{e 40108 279531
nwZgªaMZm Ho$ AYrZ ‘mZH$ n[ag§n{Îm¶m| H$s Hw$bam{e - 73474
nwZgªaMZm Ho$ AYrZ Cn-‘mZH$ n[ag§n{Îm¶m| H$s Hw$bam{e - 206057
nwZgªaMZm Ho$ AYrZ g§{X½Y Ed§ ZwH$gmZrV n[ag§n{Îm¶m| H$s Hw$bam{e 40108 0.00
268
268
62 nd Annual Report
\ !' [

;

(` in crores)
31.3.2019 31. 3. 2018
"N ! P23LQ P2M9Q
Net actuarial (gain)/ loss recognized in the year 0.05 0.18
"N !

00G /KH
(C) ADDITIONAL DISCLOSURES:

; ;

^>=;
> ;
~ >' Book Value (` `

*a -N ; *'^290g 230GL3 23/93H
< -;+'
+^LG0g 293L/ 29G3H
Fiji FGR Stock @12%, 5.45%, 12.31%, 7.23%, 13% and 5.46% 5195.69 4970.52
; {'; ; '' ;
>
Management):
(` `
(a) LIFE Business:
Performing investments: 37819776 38006380
Non-performing investments 2477722 2524100
(b) CRAC Business:
Performing investments 9600 13526
Non-performing investments NIL NIL
3) Assets Subject to Restructuring as on 31.03.2019
(` `
Total amount of loan assets subject to restructuring 40108 279531
Total amount of standard assets subject to restructuring - 73474
Total amount of sub standard assets subject to restructuring - 206057

: ¢ M0203 000
269
4) joÌdma ì¶dgm¶ H$m à{VeV (O¡gm {H$ à~§YZ Ûmam à‘m{UV {H$¶m J¶m h¡) :
nm°{b{g¶m| H$s g§»¶m
J«m‘rU ì¶dgm¶ 22.18% 22.38%
ehar ì¶dgm¶ 77.82% 77.62%
gm‘m{OH$ joÌ (~r{‘V bmoJm| H$s g§»¶m …)* 46.28% 32.00%
* A{YgyMZm g§»¶m ^m ~r dr n«m/aoJw/ 13/103/2015 Ho$ AZwgma {dÎm df© 2016-17 VH$ ~r{‘V bmoJm| H$s g§»¶m Xr OmZr Wr Am¡a {dÎm
df© 2016-17 go gm‘m{OH$ joÌ ‘| ~r{‘V ì¶{º$¶m| H$m … XoZm h¡&
5) AdYm[aV Am¡a ~r‘mH¥$V Omo{I‘ :
( n«{VeV _o§)
{ {
AdYm[aV Omo{I‘ ~r‘mH¥$V Omo{I‘ AdYm[aV Omo{I‘ ~r‘mH¥$V Omo{I‘

àW‘ dfu¶ àr{‘¶‘ 99.90 0.10 99.92 0.08
nadVu àr{‘¶‘ 99.85 0.15 99.81 0.19
EH$b àr{‘¶‘ 100.00 0.00 100.00 0.00
6) ~§X nm°{b{g¶m| Ho$ g§~§Y ‘| àH$Q>Z :

~§X H$r JB© nm°{b{g`mo§ Ho {bE àma§{^H eof 4844.34 9433.41
OmoSo§ : df© Ho Xm¡amZ ~§X nm°{b{g`mo§ H$r {Z{Y 1942.16 1191.47
H$_ : df© Ho Xm¡amZ nwZOr©{dV / ^wJVmZ H$r JB© nm°{b{g`mo§ H r {Z{Y 1717.13 6792.71
OmoSo§ : {Z{Y Ho {Zdoe na ewÕ Am` / bm^ 108.63 1012.17
~§X nm°{b{g`mo§ Ho {bE \§ S H$m g_mnZ eof am{e 5178.00 4844.34
AÝ` n«H$QZ …
noÝeZ ßbg EÝS>mo‘|Q> ßbg g‘¥Õr ßbg âbo³gr ßbg Ý¶y EÝS>mo‘|Q>
ßbg
{dÎmr¶ df© 2018-2019 Ho$ Xm¡amZ ~§X hþB© 26 95 146 7 2087
nm°{b{g¶m| H$s g§»¶m (54) (152) (303) (4) (554)
df© Ho$ Xm¡amZ ~§X hþB© ~m°{b{g¶m| H$m Hw$b nm°{b{g¶m|0.57 0.98 1.16 2.85 25.88
Ho$ à{VeV (1.03) (1.20) (1.82) (1.24) (9.81)
df© Ho$ Xm¡amZ nwZOu{dV nm°{b{g¶m| H$s g§»¶m 3 4 19 0 552
(2) (5) (12) (3) (48)
df© Ho$ Xm¡amZ nwZOm©{dV nm°{b{g¶m| H$m à{VeV 11.54 4.21 13.01 0 26.45
(3.70) (3.29) (3.96) (75.00) (8.66)
~§X nm°{b{g¶mo§ na bJmE JE à^ma (` bmIm| ‘|)* 0.20 0.77 1.35 0.06 16.32
(0.58) (2.09) (3.27) (0.01) (5.32)
*Xem©ò JE ewëH$ bmJV ewëH$ Am¡a g_m`mo{OV ewëH$ H$m ewÕ h¡.
()H$moð>H$ ‘| {XE JE Am§H$‹S>o {nN>bo df© Ho$ Am§H$‹S>mo H$mo Xem©Vo h¡&
7) ^m.~r.{d.{d.àm. Ûmam {ZYm©[aV {dÎmr¶ {ddaUm| Ho$ g§{já {ddaU n[a{ímï> 1 VWm 2 gb¾ XoI|&
8) g§~§{YV njH$ma H$m àH$Q>Z :
({ZJ‘ Ûmam ¶Wm{MpÝhV g§~§{YV njH$ma H$m g§~§Y) ^maVr¶ gZXr boImH$ma g§ñWmZ Ûmam Omar g§~§{YV njH$ma àH$Q>Z na (bo.{Z. 18) ‘mZH$ boIm
Ho$ AZwgma {ZJ‘ Ho$ g§~§{YV njH$ma/g§¶wº$ CÚ‘ {ZåZ h¡:
270
270
62 nd Annual Report
{^

> ;
No. of policies
Rural business 22.18% 22.38%
Urban business 77.82% 77.62%
Social Sector (No. of Lives Insured in %)* 46.28% 32.00%
!;\! \2L\20L\/02G
-X/02H4/02K
,,

5) Risk Retained and Insured:
( in %)
{ {
Risk retained Risk Insured Risk retained Risk Insured
First year premium 99.90 0.10 99.92 0.08
Renewal premium 99.85 0.15 99.81 0.19
Single premium 100.00 0.00 100.00 0.00
6) Disclosures relating to discontinued policies

Fund for Discontinues Policies
Opening Balance of Fund for Discontinued Policies 4844.34 9433.41
Add: Fund of policies discontinued during the year 1942.16 1191.47
Less: Fund of policies revived/Paid during the year 1717.13 6792.71
Add: Net Income/Gains on Investment of the Fund 108.63 1012.17
Closing Balance of Fund for Discontinued Policies 5178.00 4844.34
$"
Pension Plus
^; ;
Flexi ^

Plus Plus Plus
^;
Plus
Number of policies discontinued 26 95 146 7 2087
/0234/029 (54) (152) (303) (4) (554)
Percentage of discontinued to total 0.57 0.98 1.16 2.85 25.88

policies during the year (1.03) (1.20) (1.82) (1.24) (9.18)
Number of policies revived during the 3 4 19 0 552
year (2) (5) (12) (3) (48)
Percentage of policies revived during 11.54 4.21 13.01 0 26.45
the year (3.70) (3.29) (3.96) (75.00) (8.66)
Charges imposed on account of 0.20 0.77 1.35 0.06 16.32
discontinued policies (` in lakhs)* (0.58) (2.09) (3.27) (0.01) (5.32)
* Charge shown above are net of charges imposed and charges readjusted
- ' PQ =
;;>] "; '
>$ !_
\
8) RELATED PARTY DISCLOSURE:
P! ! Q
As per the Accounting Standard on Related Party Disclosures (AS 18) issued by the Institute of Chartered Accountants of India, the
related parties/joint ventures of the Corporation are as follows:
271
H$) g§¶wº$ CÚ‘ :

Ho$ZB§{S>¶m Ea¶¶moaoÝg H§$. {b.
gmD Xr B§{S>¶Z H§$nZr H$mo.Am°n. Bí¶moaoÝg
I) gh¶moJr H§$n{Z¶m±:
EbAmB©gr hmD$qgJ ’$mBZmÝg {b.
EbAmB©gr EME’$Eb EE‘gr {b.
EbAmB©gr å¶wÀ¶wAb ’$ÊS> EgoQ> ‘¡ZoO‘|Q> {b.
EbAmB©gr å¶wÀ¶wAb ’$ÊS> Q´>ñQ>r H§$nZr àm. {b.
J) gh¶moJr H§$n{Z¶m±:
EbAmB©gr noÝeZ ’$ÊS> {b.
EbAmB©gr H$mS>© g{d©gog> {b.
EbAmB©gr (qgJmnya) nrQ>rB©> {b.
EbAmB©gr (Zonmb) {b.
EbAmB©gr (AÝVaamï´>r¶) ~r Eg gr (gr) ~harZ
EbAmB©gr (b§H$m)> {b.
EbAmB©gr ~m§JbmXoe {b.
AmB© Sr ~r AmB© ~¢H
K) 31.03.2019 H$mo ~moS© Ho$ gXñ` Am¡a à‘wI à~§YZ H$m{‘©H$:
~moS© Ho$ gXñ`
lr E_ Ama Hw _ma AÜ¶j 14.03.2019 go
lr ho_§V ^mJ©d à~§Y {ZXoeH$ 10.02.2017 go
lr. ~r. doUyJmonmb à~§Y {ZXoeH$ 11.04.2017 go
lr Qr. gr gwgrb Hw _ma à~§Y {ZXoeH$ 14.03.2019 go
lr. gw^mf M§Ðm JJ© gaH$ma Ûmam Zm{‘V 17.07.2017 go
lr. {Jare MÝÐ ‘w‘y© gaH$ma Ûmam Zm{‘V 16.06.2016 go
lr_Vr Eo{bg Or d¡X`Z nXoZ gXñ` 23.05.2016 go
lr_Vr nÙOm Mw§Xê gXñ` 16.11.2018 go
lr {~_bo§Xw MHŒ dVr© Zm°Z-Am°{\ {e`b _oå~a 29.09.2017 go
lr adtÐ ZmW MVwdo©Xr Zm°Z-Am°{\ {e`b _oå~a 29.09.2017 go
lr Ama. M§ÐeoIaZ Zm°Z-Am°{\ {e`b _oå~a 29.09.2017 go
n«_w»` gXñ`
gwlr Eg. Eg. {XIbo H m`©H mar {ZXoeH ({dnUZ/nrSr), _w»` {dnUZ A{YH mar 20.04.2017 go
lr. àdrU Hw$‘ma ‘mobar H m`©H mar {ZXoeH ({Zdoe) Am¡a (_w»` {Zdoe A{YH mar) 20.04.2017 go
lr. Sr. nr. _moh§Vr H m`©H mar {ZXoeH (A§Ho jU) Am¡a (_w»` Am§V{aH A§Ho jU) 01.07.2018 go
lr. àXrn Hw _ma O¡Z H m`©H mar {ZXoeH ({Zdoe-Omo.à. AZwg§YmZ), (_w»` Omo{I_ A{YH mar) 26.04.2018 go
lr. XodH r Z§XZ Omoer H m`©H mar {ZXoeH (~moS©/OrOoE\/AZw.) Am¡a (_w»` AZwnmbZ 24.04.2018 go
A{YH$mar)
lr_Vr. Eg. Eg. gmo_U _w»` {dÎm Ed§ boIm Am¡a _w»` {dÎm A{YH$mar 27.04.2018 go
lr {XZoe n§V {Z`w³V ~r_m§H H² 17.01.2017 go
272
272
62 nd Annual Report
A) Joint Ventures:
a &
Saudi Indian Company for Co-operative Insurance
B) Associate Companies
LIC Housing Finance Ltd.
&(-& < &
&<- < &
&<- &
C) Subsidiary Companies:
LIC Pension Fund Ltd.
LIC Card Services Ltd.
LIC (Singapore) Pte. Ltd.
LIC (Nepal) Ltd.
LIC(International) BSC (c), Bahrain
LIC (Lanka) Ltd.
LIC Bangladesh Ltd.
IDBI Bank
$ ;~
_> \\
;~
,<!a Chairman w.e.f. 14.03.2019

Shri. Hemant Bhargava <; w.e.f. 10.02.2017
Shri. B. Venugopal <; w.e.f. 11.04.2017
,, a <; w.e.f. 14.03.2019
Shri. Subhash Chandra Garg Government Nominee w.e.f. 17.07.2017
,$ < Government Nominee w.e.f. 16.06.2016
Smt. Alice G. Vaidayan "N4BJ< w.e.f. 23.05.2016
Smt. Padmja Chunduru < w.e.f. 16.11.2018
Shri. Bimalendu Chakrabarti %4BJ< w.e.f. 29.09.2017
Shri. Ravindra nath Chaturvedi %4BJ< w.e.f. 29.09.2017
Shri. R. Chandrasekaran %4BJ< w.e.f. 29.09.2017
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Shri Dinesh Pant Appointed Actuary w.e.f. 17.01.2017
273
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^maVr¶ OrdZ ~r‘m {ZJ‘ gh {ZXoeH$
2. lr. ho‘§V ^mJ©d à~§Y {ZXoeH$ AÜ¶j EbAmB©gr EME’$Eb AgoQ _°ZoO_|Q H§$. {b.
^maVr¶ OrdZ ~r‘m {ZJ‘ gh {ZXoeH$ EbAmB©gr E_E’$ AgoQ _°ZoO_|Q {b.
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274
274
62 nd Annual Report
;~
_> \\
;~
,<!a Chairman w.e.f. 14.03.2019

Shri. Hemant Bhargava <; w.e.f. 10.02.2017
,, a <; w.e.f. 14.03.2019
Shri Vipin Anand <; w.e.f. 01.04.2019
,$ < Government Nominee w.e.f. 16.06.2016
Smt. Alice G. Vaidayan N4BJ< w.e.f. 23.05.2016
Smt. Padmja Chunduru < w.e.f. 16.11.2018
Shri. Bimalendu Chakrabarti %4BJ< w.e.f. 29.09.2017
Shri. Ravindra nath Chaturvedi %4BJ< w.e.f. 29.09.2017
Shri. R. Chandrasekaran %4BJ< w.e.f. 29.09.2017
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Shri Dinesh Pant Appointed Actuary w.e.f. 17.01.2017
; ;@
' @ '

' "
> '
; ;
@\
Sr. Name Description "$'"

st@
No.
1 ,<!a Chairman Chairman cum LIC Housing Finance Limited
LIC of India Director
2. Shri Hemant <; Chairman cum &(-& < &

Bhargava LIC of India Director &<- &
LIC (International) B.S.C.(c) Bahrain
LIC (Nepal) Ltd
LIC of Bangladesh Limited
&P, Q"&
Director – LIC Pension Fund Ltd.

LIC (Lanka) Ltd.
a &
LIC Card Services Limited
LIC Housing Finance Limited
Voltas Ltd.
ITC Limited.
The Tata Power Company Limited
& :&
275
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4. lr. Qr. gr. gwerb à~§Y {ZXoeH$ {ZXoeH$ - {Za§H
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H«$.g§. Zm_ {ddaU 14 OyZ, 2019 H$mo Ym{aV nX

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2. lr. ho‘§V ^mJ©d à~§Y {ZXoeH$ {ZXoeH$ - {Za§H
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3. lr. Qr. gr. gwerb à~§Y {ZXoeH$ {ZXoeH$ - EbAmB©gr noÝeZ ’§$S>
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M) Cn¶w©³V g§~§{YV njH$mam| Ho$ gmW 2018-2019 df© Ho$ Xm¡amZ {ZJ‘ Ho$ g§ì¶dhmam| H$m ñdê$n Ed§ Am¶VZ {ZåZ h¡ :
(` bmI ‘|)
Egmo{gEQ²>g à‘wI
EbAm¶gr hmDqgJ EbAm¶gr EME\ EbAm¶gr à~§ YZ
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H§$. EE‘. {b
Bp³dQ>r, F$Um| Am¡a å¶wÀ¶wAb \ÊS> H$s 0 934556.63
- -
IarX (0) (726661.50)
å¶wÀ¶wAb \ÊS> H$s {~H«$s 1042181.14
- - -
(778938.42)
F$Um| Am¡a ~mÊS>m|, H$Om] na CÝ‘moMZ 175000.00
- - -
(28145)
bm^ Am` 18567.46
- -
(23699.72)
{Zdoem| go bm^m§e Am¶ - - - -
gmd{Y O‘m na ã¶mO g§~§Yr Am¶ - - - -
276
276
62 nd Annual Report
3. Shri B. Venugopal <; Director – LIC (Nepal) Ltd.

LIC of India LIC (International) B.S.C.(c) Bahrain
State Bank of India
% :;
"N &
4. Shri T.C. Suseel <; Director – Nil
a LIC of India
Sr.
Name Description "$'"
June, 2019
No.
1. ,<!a Chairman LIC of Chairman &(-&<&
India ; &<- &
LIC (Nepal) Ltd
IDBI Bank Ltd.
Director – LIC Housing Finance Ltd.
LIC Pension Fund Ltd.
Shri Hemant <;
2. NIL
Bhargava LIC of India
3. Shri T.C. Suseel <; Director – LIC Pension Fund Ltd.
a LIC of India &(-&<&
LIC (Lanka) Ltd.
&<- &
4 Shri Vipin Anand <; Chairman LIC HFL Care Homes Ltd.
LIC of India cum Director
Director – LIC Card Services Limited
Stock Holding Corporation of India
]

"; '
>{^"
'
^""^
(` `
Associates >
LIC HFL Asset Management
LIC Housing LIC Mutual Personnel
Management
Finance Ltd. Fund AM Ltd.
Co.

"#; # 0 934556.63
- -
<- (0) (726661.50)
1042181.14
,
<- - - -
(778938.42)
175000.00
! ; : \& - - -
(28145)
18567.46
Gain Income - -
(23699.72)
Dividend Income from Investments - - - -
Interest Income on Fixed Deposit - - - -
277
{Zdoe go Am¶ 169041.64 9.89 49.50

-
(178685.44) (4.94) (24.75)
[H$am¶m 631.86 213.92
- -
(476.24) (199.53)
AÝ¶ àemg{ZH$ ì¶¶ H$s 106.36 26.12 166.61
-
à{VnyVu/^yJVmZ (113.90) (23.73) (40.65)
à~§YH$s¶ n[al{‘H$ 337.51
- - -
(190.65)
Hw$b 344779.86 36.01 1995735.26 337.51
(207420.58) (28.67) (1505864.85) (190.65)
(` bmI ‘|)
ghm¶H$ H§$n{Z¶m±
EbAm¶gr EbAm¶gr EbAm¶gr EbAm¶gr EbAm¶gr EbAm¶gr EbAmB©gr Am`Sr~rAm`
noÝeZ \ ÊS> H$mS>© Zonmb {b. ~m§JbmXoe (A§Vaamï´>r¶) (b§H$m){b. qgJmnya ~¢H {b.
g{d©gog {~Eggr(gr)
~harZ
Bp³dQ>r, F$Um| Am¡a å¶wÀ¶wAb 5292.00 1952595.94
- - - - - -
\ ÊS> H r IarX (0) -
å¶wÀ¶wAb \ ÊS> H$s {~H«$s - - - - - - - -
F$Um| Am¡a ~mÊS>m|, H$Om] na 37400

- - - - - - -
CÝ‘moMZ -
{Zdoem| go bm^m§e Am¶ - - - - - -

- -
gmd{Y O‘m na ã¶mO g§~§Yr - - - - - - - -
Am¶
3589.69 82.77 17422.98
{Zdoe ‘o§ Am¶ - - - - -
(3374.64) (16.46) -
dm{f©H$ VH${ZH$s/AmB©Q>r 20.00 239.01
- - - - - -
g‘mYmZ \ rg àmá (20.00) (20.00)
3.43
[H$am¶m - - - - - - -
(2.59)
AÝ¶ àemg{ZH$ ì¶¶ H$s 978.54 3.75

- - - - - -
à{VnyVu/^yJVmZ (849.31) (2.61)
à~§YH$s¶ n[al{‘H$ - - - 0 - - - -
(95.94)
53.95
aIaImd d g_W©Z godm`| - - - - - - -
(0)
978.54 7.18 20.00 0 3882.65 82.77 5292.00 2007418.92
Hw$b (849.31) (5.20) (20.00) (95.94) (3394.64) (16.46) (0) -
(` bmI ‘|)
g§`w³V CnH« _
Ho$ZB§{S>¶m Eí¶moa|g H§$nZr {b. B§{S>¶m BÝ\«m F U {b. #
B{³dQr, F Umo Am¡a å`wMwAb \§ ÊS H r IarX { {
0
å¶wÀ¶wAb \ ÊS> H$s {~H«$s {
(0)
F$Um| Am¡a ~mÊS>m|, H$Om] na CÝ‘moMZ { -
{Zdoem| go bm^m§e Am¶ - -
-
gmd{Y O‘m na ã¶mO g§~§Yr Am¶ -
38.21 0
{Zdoe ‘o§ Am¶ (35.32) (4263.66)
278
278
62 nd Annual Report
169041.64 9.89 49.50

Income from Investment -
(178685.44) (4.94) (24.75)
631.86 213.92
Rent - -
(476.24) (199.53)
Reimbursement / payment towards other 106.36 26.12 166.61
-
"N (113.90) (23.73) (40.65)
337.51
< ! - - -
(190.65)
344779.86 36.01 1995735.26 337.51
TOTAL (207420.58) (28.67) (1505864.85) (190.65)
(` `
Subsidiaries
LIC
LIC LIC
LIC Card LIC Nepal LIC (International) LIC (Lanka) IDBI Bank
Pension Singapore
Services Ltd. ~ "
B.S.C.(c) Ltd. Ltd.
Fund Pte Ltd
~

"#; # 5292.00 1952595.94
- - - - - -
<- (0) -
,
<- - - - - - - - -
! ; : 37400
- - - - - - -
bonds / Loans -
Dividend Income from
- - - - - -
Investments - -
Interest Income on Fixed
- - - - - - - -
Deposit
3589.69 82.77 17422.98
Income from Investment - - - - -
(3374.64) (16.46) -
Annual Technical/ I.T. 20.00 239.01
- - - - - -
Solution fees received (20.00) (20.00)
3.43
Rent - - - - - - -
(2.59)
Reimbursement /
978.54 3.75
payment towards other - - - - - -
(849.31) (2.61)
administrative expenses
0
Software Package e Life - - - - - -
(95.94)
< , 53.95
- - - - - - -
Services (0)
978.54 7.18 20.00 0 3882.65 82.77 5292.00 2007418.92
TOTAL (849.31) (5.20) (20.00) (95.94) (3394.64) (16.46) (0) -
(` `
Joint Venture

\
\ India Infra Debt Ltd. #

"#; # <- { {
0
,
<- {
(0)
! ; : \& { -
Dividend Income from Investments - -
-
Interest Income on Fixed Deposit -
38.21 0
Income from Investment
(35.32) (4263.66)
Annual Technical/ I.T. Soluation fees received 14.64
-
(0)
279
14.64
dm{f©H$ VH${ZH$s/AmB©Q>r g‘mYmZ \ rg àmá -
(0)
-
[H$am¶m -
AÝ¶ àemg{ZH$ ì¶¶ H$s à{VnyVu/^yJVmZ - -

gmâQdoAa nm¡H oO-B© bmB©\ - -
aIaImd d g_W©Z godm`| - -
52.85 0
TOTAL
(35.32) (4263.66)
# 31.03.2019 H mo B§{S`m B§\« m SoQ {b. g§`w³V CnH« _ H r n{a^mfm Ho A§VJ©V Zhr AmVm h¡& d¡go "{Zdoe go Am`' Ho VhV {Xg§~a 2018 VH H r
am{e ` 4334.90 bmI h¡&
9) g§¶w³V gh¶moJr H§$nZr¶m| ‘| ^mJrXmar g§~§Yr 31.3.2019 H$m {dËVr¶ {ddaU (bo.‘m.23)
(` bmI ‘|)
EbAm¶gr hmDqgJ EbAm¶gr EME\Eb EbAm¶gr å¶wÀ¶wAb EbAm¶gr
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(boIm n[a[jV) (boIm n[a[jV) ‘¡ZoO‘|Q> {b. Q´>ñQr> H§$.àm.{b
(AboIm n[a[jV) (AboIm n[a[jV)
1. ‘| ñWm{nV ^maV ^maV ^maV ^maV
2. {Z¶§§ÌU H$m [hñgm 40.31% 5.38% 45% 49%
Egmo{gEQg go XrKm©d{Y {Zdoe 98599.11 49.44 495.00 0.49
{Zdoem| H$s bmJV (98599.11) (49.44) (495.00) (0.49)
OmoS>o/(KQ>mE§) A{YJ«hU Ho$ g‘¶ 0.00 0.00 0.00 0.00

gwZm‘/ (nw§OrJV g§M¶) (0.00) (0.00) (0.00) (0.00)
(KQ>mE§) : Egmo{gEQ>g go {dVaU 0.00 0.00 0.00 0.00

(0.00) (0.00) (0.00) (0.00)
OmoS>o/ (KQ>mE§) {ZdoeH$m| Am¡a Egmo{gEQ>g 0.00 0.00 0.00 0.00

Ho$ ~rM hþE boZXoZ Ho$ n[aUm‘ñdn àmßV (0.00) (0.00) (0.00) (0.00)
Z hþAm bm^ (hm{Z$)
OmoS>o/(KQ>mE§) g§M¶r d[a` eo¶am|
na bm^m§e Ho$ g‘m¶moOZ Ho$ níMmV 654224.45 169.16 4683.69 9.38
(572812.76)** (138.88)** (4529.34) (7.55)
Egmo{gEQ> ‘|
bm^/(hm{Z) H$m {hñgm
Hwb 752823.56 218.60 5178.69 9.87
(573798.75)** (188.32)** (5024.34) (8.04)
* H$moð> () {XE JE Am§H$S>o {nN>bo df© H$s am[e Xem©Vr h¡&

# EbAm¶agr hmD$qgJ \mBZ|g {b. H$r Eb AmB© gr EM E\ Eb EgoQ> ‘¡ZoO‘|Q> H§$. {b{_QoS ‘| 94.62% [hñgoXmar h¡&
** {nNbo df© Ho Am§H Smo Hmo dV©_mZ df© Ho gmW VwbZm H aZo Ho {bE {\ a V¡`ma {H `m J`m h¡&
10) g§¶w³V gh¶moJr H§$nZr¶m| ‘| ^mJrXmar g§~§Yr 31.3.2019 H$m {dËVr¶ {ddaU (bo.‘m.21)
EbAm¶gr noÝeZ EbAm¶gr H$mS>© EbAm¶gr (qgJmnya) EbAm¶gr
\ ÊS> {b. g{d©gog {b. nrQ>rB© {b. ~m§JbmXoe
(boIm n[a[jV) (AboIm n[a[jV) (boIm n[a[jV) (boIm n[a[jV)
31.03.2019 H$mo 31.03.2019 H$mo 31.12.2018 H$mo 31.12.2018 H$mo
1. ‘| ñWm{nV ^maV ^maV {g§Jmnwa ~§JbmXoe
2. {Z¶§§ÌU H$m [hñgm 100% 100% 100% 83.33%
280
280
62 nd Annual Report
-
Rent -
Reimbursement /payment towards other administrative expenses - -

Software Package e Life - -
< ,, - -
52.85 0
TOTAL
(35.32) (4263.66)
#

¢ L20L/029(
december 2018 under "income from investment" is ` 4334.90 lakh.
] ] { \\
(` `
LIC Housing LIC HFL Asset LIC Mutual LIC Mutual Fund
Finance Ltd. Management Fund Asset Trustee Company
Company Ltd.# Management Ltd. Pvt. Ltd.
(Audited) (Audited) (Unaudited) (Unaudited)
1. Incorporated in India India India India

2. Proportion of Holding 40.31% 5.38% 45% 49%
Long Term Investment in Associates 98599.11 49.44 495.00 0.49
Cost of Investments (98599.11) (49.44) (495.00) (0.49)
Add/ (Less) 0.00 0.00 0.00 0.00
Goodwill / (Capital Reserve) at the

(0.00) (0.00) (0.00) (0.00)
(Less) : Distribution from 0.00 0.00 0.00 0.00
Associates (0.00) (0.00) (0.00) (0.00)
Add / (Less) 0.00 0.00 0.00 0.00
* \P& Q
from transaction between Investors (0.00) (0.00) (0.00) (0.00)
and Associates.
Add/(Less)
,
\P& Q 654224.45 169.16 4683.69 9.38
Associate after adjustment of (572812.76)** (138.88)** (4529.34) (7.55)
dividend on cumulative
preferential shares
TOTAL 752823.56 218.60 5178.69 9.87
(573798.75)** (188.32)** (5024.34) (8.04)
- ' PQ =
# &( - & 9MH/g&(-& < &
= ' X
] ]~$ { \\
LIC Pension Fund LIC Card Services Life Insurance ~ "

Ltd Ltd. Corporation (Audited)
(Audited) (Unaudited) (Singapore)
Pte Ltd.
(Audited)
As at As at As at As at
31.03.2019 31.03.2019 31.12.2018 31.12.2018
1. Incorporated in India India Singapore Bangladesh
2. Proportion of Holding 100% 100% 100% 83.33%
3. Proportionate amount of
#& %
(` in Lakhs)
281
3. n[agånpËV¶m±, Xo¶VmE§ Am¡a {Zdb bm^

H$s AZwnm{VH$ amer
(` bmI ‘|)
n[agånpËV¶m± 4807 1253 32570 4296
(4530) (778) (20077) (3866)
Xo¶VmE§ 1138 911 23169 32.00
(1000) (564) (14792) (30.00)
H$a níMmV bm^ 140 125 -1374 106
(131) (51) (-945) (52)
4.Hw$b ì¶mnH$ Am¶ { { -1374 -
( -945 ) (- )
5. AmH$pñ‘H$ Xo¶VmAm| ‘| {hñgm 70.00 0 0 0
(70.00) (0) (0) (0)
# #
EbAm¶gr Zonmb EbAm¶gr EbAm¶gr (b§H$m) Am`Sr~rAm` ~¢H

{b. (A§Vaamï´>r¶) {b. (boIm n[a[jV)
(AboIm n[a[jV) {~Eggr(gr) ~harZ (boIm n[a[jV)
(boIm n[a[jV)
15.07.2018 H$mo 31.12.2018 H$mo 31.12.2018 H$mo 31.03.2019 H$mo
1. ‘| ñWm{nV Zonmb ~harZ lrb§H$m ^maV
2. {Z¶§§ÌU H$m [hñgm 55% 98.90% 80% 51%
3. n[agånpËV¶m±, Xo¶VmE§ Am¡a {Zdb bm^

H$s AZwnm{VH$ amer
(` bmI ‘|)
n[agånpËV¶m± 164612 1430689 8389 32111140
(130321) (1384882) (8872) (-)
Xo¶VmE§ 157907 1364833 6982 28266772
(138588) (1274553) (6899) (-)
H$a níMmV bm^ 1448 -25536 -255 -1498676
(1660) (10806) (100) (-)
4.Hw$b ì¶mnH$ Am¶ { -50154 -328 -
{ (19449) (233) -
5. AmH$pñ‘H$ Xo¶VmAm| ‘| {hñgm 110 887 0 -

(96) (14013) (0) -
# # # -
* H$moð> () {XE JE Am§H$S>o {nN>bo df© H$s am[e Xem©Vr h¡.

** n[agån{V¶m| Ed§ Xm{¶Ëdm| Ho$ {bE {dpËV¶ {ddaUm| H$s Vm[aI H$r {d{Z‘¶ Xam| H$mo {b¶m J¶m h¡, Am¡a Am¶ Ed§ ì¶¶ Ho$ {bE df© H$m Am¡gV
{b¶m J¶m h¡.
# boIm| H$mo ñWmZr¶ {~‘m {d{Y¶m| Ho$ AZwgma V¡¶ma {H$¶m J¶m h¡.
11) g§¶w³V CÚ‘m| ‘| ^mJrXmar g§~§Yr 31.3.2019 H$m {dËVr¶ {ddaU (bo.‘m.27)…
Ho$ZB§{S>¶m Eí¶moaoÝg H§$. gmD$Xr B§{S>¶Z H§$nZr B§{S>¶m BÝ\«mS>oãQ> {b.
{b. \ °ma H$mo. Am°nao{Q>d
(AboIm n[a[jV) BÝí¶yaoÝg
31.12.2018 H$mo 31.12.2018 H$mo @ 31.03.2019 H$mo
1. ‘| ñWm{nV Ho$Z¶m gmD$Xr ^maV
2. {Z¶§§ÌU H$m [hñgm 10.21% 4.98% 10%
282
282
62 nd Annual Report
Assets 4807 1253 32570 4296

(4530) (778) (20077) (3866)
Liabilities 1138 911 23169 32.00
(1000) (564) (14792) (30.00)
\P& Q
N 140 125 -1374 106
(131) (51) (-945) (52)
4.Total Comprehensive Income { { -1374 -
( -945 ) (- )
5. Share in contingent liabilities 70.00 0 0 0
(70.00) (0) (0) (0)
# #
LIC (Nepal) LIC (Intl), B.S.C (c), LIC (Lanka) Ltd. IDBI Bank
Ltd. ~ (Audited) (Audited)
(Unaudited) (Audited)
As at As at As at As at
15.07.2018 31.12.2018 31.12.2018 31.03.2019
1. Incorporated in Nepal Bahrain Sri Lanka India
2. Proportion of Holding 55% 98.90% 80% 51%
3. Proportionate amount of
#& %
(` in Lakhs)
Assets 164612 1430689 8389 32111140
(130321) (1384882) (8872) (-)
Liabilities 157907 1364833 6982 28266772
(138588) (1274553) (6899) (-)
\P& Q
N 1448 -25536 -255 -1498676
(1660) (10806) (100) (-)
4.Total Comprehensive Income { -50154 -328 -
{ (19449) (233) -
5. Share in contingent liabilities 110 887 0 -

(96) (14013) (0) -
# # # -
- ' PQ =
"N

: :

: N
# The Accounts have been prepared as per local insurance laws.
] ]{ \\

SAUDI INDIAN INDIA INFRADEBT LTD.
Co. Ltd. COMPANY FOR
(Unaudited) {
INSURANCE
As at As at As at
31.12.2018 31.12.2018 @ 31.03.2019 ##
1. Incorporated in a Saudi India
2. Proportion of Holding company 10.21% 4.98% 10%
3. Proportionate Amount of Assets, Liabilities,
"N
(` in Lakhs)
283
3. n[agånpËV¶m±, Xo¶VmE§ Am¡a {Zdb bm^ H$s

AZwnm{VH$ amer
(` bmI ‘|)
n[agånpËV¶m± 32408.81 - -
(26804.85) (4885.45) (83166.92)
Xo¶VmE§ 29412.21 - -
(24326.53) (4176.62) (73753.62)
Am¶ 5785.92 - -
(5396.11) (3657.37) (6622.98)
ì¶¶ 5502.26 - -
(4965.69) (3936.88) (5298.18)
4. AmH$pñ‘H$ Xo¶VmAm| ‘| {hñgm 1773.54 - -
(1366.51) (0.00) (0.00)
# #
* H$moð> () {XE JE Am§H$S>o {nN>bo df© H$s am[e Xem©Vr h¡.
** n[agån{V¶m| Ed§ Xm{¶Ëdm| Ho$ {bE {dpËV¶ {ddaUm| H$s Vm[aI H$r {d{Z‘¶ Xam| H$mo {b¶m J¶m h¡, Am¡a Am¶ Ed§ ì¶¶ Ho$ {bE df© H$m Am¡gV
{b¶m J¶m h¡.
# boIm| H$mo ñWmZr¶ {~‘m {d{Y¶m| Ho$ AZwgma V¡¶ma {H$¶m J¶m h¡.
@ gmD Xr B{S`Z H§ nZr \ m°a H mo. Am°n. BÝí`wa|g Ho 31.12.2018 Ho ImVo CnbãY Zht h¡&
## B{S`m BÝ\« m SoãQ {b. 31.03.2019 H mo g§`w³V CnH« _ H r n{a^mfm Ho A§VJ©V Zhr AmVr h¡&
12) ñWm¶r n[agånpËV na à^m{dV ‘yë¶hmg H$s Xa :

H«$.g§ gån[V ‘yë¶hmg H$s Xa
H$ \{Z©Ma Ed§ [\ qQ>½g
1 \ {Z©Ma Ed§ [\ qQ>½g 10%
2 ao[\« OaoQ>a Ed§ Ob erVH$, AÝ¶ 13.91%
3 {H$amE Ho$ ^dZm| ‘| {dÚwVCnH$aU/N>V n§Io 10%
4 {H$amE na/ {ZOr ^dZm| ‘| n§Io (Q>o~b/noS>oñQ>b) 10%
I gwMZm àmoÚmo{JH$s H$s CnñH$a
1 Bbo³Q´>m°{ZH$ g§JUH$/‘m¶H«$mo àmogoga/qàQ>a 30%
2 ‘m¶H«$mo àmogoga Ho$ {bE gm°\ Q>doAa 30%
3 H$mQ>}O Q>oßg VWm H$mQ>}O {S>ñH$g 30%
J dmhZ
1 gmB©H$b 15%
2 ‘mo~mB©b àMma dmhZ 20%
3 ñQ>m\ H$ma 20%
4 Orn 20%
5 H$m¶m©b¶ H$ma - ¶moOZm VI 20%
K H$m¶m©b¶ CnñH$a
1 H¡$ÝQ>rZ CnñH$a 10%
2 boIm ‘erZ 30%
3 ES´>ogmoJ«m\/ES´>o‘m VWm ~«S>‘m ‘erZ§o 10%
4 Q>§H$Z ‘erZ§o 10%
5 Sw>[ßbHo$Q>g© 20%
6 MoH$ {bIZodmbm 10%
7 \«±qH$J ‘erZ 10%
284
284
62 nd Annual Report
Assets 32408.81 - -
(26804.85) (4885.45) (83166.92)
Liabilities 29412.21 - -
(24326.53) (4176.62) (73753.62)
Income 5785.92 - -
(5396.11) (3657.37) (6622.98)
"N 5502.26 - -
(4965.69) (3936.88) (5298.18)
4. Share in contingent liabilities 1773.54 - -
(1366.51) (0.00) (0.00)
# #
- ' PQ =
"N

: :

: N
# The Accounts have been prepared as per local insurance laws.
^
,*;%;%B<%X-B!B4B"!@"%,*!%" L22//023

; &

?@ L20L/029
$'
]!

Sr.
Asset Rate of Depreciation
No.
A -
1 - 10%
2 Refrigerators and water coolers, etc. 13.91%
3 "
rented premises 10%
4 Fans (table/pedestal) in rented/ owned premises 10%
B
"
1 " \ Printers 30%
2 Software for microprocessors 30%
3 Cartridge tapes, cartridge discs 30%
C Vehicles
1 Cycles 15%
2 < @ 20%
3 ,I 20%
4 ? 20%
5 BJ 4, @ 20%
D BJ "
1 " 10%
2 Accounting machines 30%
3 Addressograph, Adrema and Bradma < # 10%
4 Typewriters 10%
5 Duplicators 20%
6 A 10%
7 Franking machines 10%
8 A < 10%
9 Comptometers, adding and calculating < 20%
" Others
285
8 Vwbm ‘erZ 10%

9 H$m°ånQ>mo‘rQ>g©, OmoS> VWm n[aH$bZ ¶§Ì 20%
S>… AÝ¶
1 Xÿa^mf 10%
2 \¡³g/BnrE~rE³g 10%
3 ‘mo~mB©b \moÝg VWm AÝ¶ g§MmaU CnñH$a 30%
4 nwñVH$mb¶ H$r nwñVHo$ 20%
5 {d{dY ny§Or CnñH$a 10%
6 ÑH$ lmì¶ VWm AÝ¶ g§~§{YV CnñH$a 30%
7 {ZAm°Z {MÝh, CXrpßX {MÝh, {dkmnZ nQ> Ed§ AÝ¶ àMma gm‘J«r 20%
8 A{^¶m{ÌH$s {d^mJ CnñH$a ` 5000/- go Á¶mXm Ho$ 12.50%
9 dm°ëQ>oO ñQ>o~rbmBOa VWm ¶ynrEg 30%
10 {H$amE na ^dZm| ‘| OZaoQ>g© S>rOr goQ>g² 30%
M ^y{‘ Ed§ ^dZ
1 J¥h gånpËV Ed§ ^y{‘ (~§YZ ‘w³V) 2%
2 J¥h gånpËV Ed§ ^y{‘ (~§YH$) nÅm An{Y AmYm[aV ¶WmZwnmV
3 gaH$mar g§ñWm ‘| I[aXo JE ñdm{‘Ëd dmbo {Zdmg I§S> 2%
4 J¥h gånpËV Ed§ ^y{‘ (~§YZ ‘w³V Ed§ ~§YH$) ‘| {dÚwV g§ñWmnZ, n§Io, 10%
{bßQ> Ed§ OZaoQ>a
13) àmdYmZmo H$s J{V :
(` bmI ‘|)
1 àñVm{nV bm^m§e Ho$ {bE (5% ‘yë¶Z A{Yeof)
àma§{^H$ eof 225242.26 220033.36
df© Ho$ Xm¡amZ ¶moJ 266059.54 225242.26
^maV gaH$ma H$mo Xr JB© am{e 225242.26 220033.36
B{V eof 266059.54 225242.26
2 emoYj‘Vm gr‘m Ho$ {bE Amdí¶H$ àmdYmZ

àma§{^H$ eof 1494305.60 1494305.60
df© Ho$ Xm¡amZ ¶moJ 0.00 0.00
df© Ho$ Xm¡amZ H$Q>m¡{V¶m± 0.00 0.00
B{V eof 1494305.60 1494305.60
14) à~§YZ H m ì`` : :
à~§YZ H m ì`` AmB©AmaSrEAmB© Ho {d{Z`_Z 2016 (OrdZ ~r_m ì`dgm` _o§ OwQo hwE ~r_mH Vm© Ho à~§YZ H m ì``) Ho AZwgma VrZ I§Smo§ H mo
Nmo‹SH a h¡& hmbm§{H Hw b {_bmH a à~§YZ Ho dmñV{dH ì`` g^r I§Smo§ Ho {bE ñdrH m`© Hw b ì`` H r gr_m Ho ^rVa h¢&
15) I§Sr` ~¡bo§g erQ H r àñVw{V na àH QrH aU:
EbAmB©gr A{Y{Z`_, 1956 H r Ymam 24 Ho AZwgma, {ZJ_ EH {Z{Y aIVm h¡ Am¡a {ZJ_ H r g^r agrXo§ dhm§ na O_m H a Xr OmVr h¡, {Og_o§
g^r ^wJVmZ {H E OmVo h¢& & VX Zwgma ~r_m§{H H _yë`m§H Z go CËnÞ hmoZo dmbo A{Yeof H m g__yë` H mamo~ma _o§ Iwbmgm {H `m OmEJm& amOñd
286
286
62 nd Annual Report
1 Telephones 10%
2 -N\"N 10%
3 < 30%
4 Library Books 20%
5 < " 10%
6 @ : 30%
7 Neon signs, Glow signs, Hoardings and other publicity materials 20%
8 " ; Z costing over `. 5000/- 12.50%
9 Voltage stabilizers and UPS 30%
10 Generators, DG sets in rented premises 30%
F LAND AND BUILDING
1 House Property and Land (Freehold) 2%
2 House Property and Land (Leasehold) Pro rata based on lease period
3 Ownership Flats purchased in Co-op Societies 2%
4 " #
#
generators in House
10%
P- :& Q
13) Movement of Provisions:
(` `
1 For Proposed Dividend
(5% Valuation Surplus)
Opening Balance 225242.26 220033.36
Addition during the year 266059.54 225242.26
Amount paid to Government of India 225242.26 220033.36
Closing Balance 266059.54 225242.26
2 Provision for reserve for solvency margin

Opening Balance 1494305.60 1494305.60
Addition during the year 0.00 0.00
Deduction during the year 0.00 0.00
Closing Balance 1494305.60 1494305.60
14) Expenses of Management:

"N
< !
!;P"N
<

insurance business) Regulation 2016 except in three segments. However on an overall basis the actual expenses of management
are within the limit of aggregate expenses allowable for all the segments.
15) $" ' ; "~"
As per section 24 of LIC Act, 1956, the corporation maintains a single fund and all receipts of the corporation are credited thereto and
all payments are made therefrom. Accordingly surplus arising from Actuarial valuation will be disclosed in par business. The revenue
account is prepared on segmental on basis and is a part of annual returns. The policy holders fund is disclosed on segmental basis
in the statement of controlled funds.
] !
287
ImVm I§Sr` AmYma na V¡`ma {H `m OmVm h¡ Am¡a `h dm{f©H {aQZ© H m EH {hñgm hmoVm h¡& nm°{bgr YmaH mo§ Ho \§ S H m Iwbmgm goJ_o§Q Ho AmYma
na {Z`§{ÌV \§ Smo§ Ho ñQo Q _o§Q _o§ {H `m OmVm h¡&
16) {dXoer ‘wÐm ^§S>ma:
\ rOr, ‘m°[aeg Am¡a ¶y. Ho$. ‘oo MbmE JE àMmbZ J¡a g‘mH$b ñdê$n Ho$ h¡. amOñd boIo H$s ‘Xo| Am¡gV {d{Z‘¶ Xa na VwbZ-nÌ ‘| ê$nm§V[aV H$s
OmVr h¡. nwZ‘y©ë¶m§H$Z {d{Z‘¶ H$m A§Va df© 2010-11 VH$ amOñd boIo ‘| à^m{aV {H$¶m J¶m Wm, A~ ¶o AZwgyMr 6-H$… ~r‘m Ama{jV YZamer
(nm°{bgrYmaH$) Am¡a AZwgyMr 6 … Ama{jV Am¡a A{Yeof (eo¶aYmaH$) Ho$ A§VJ©V {dXoer {d{Z‘¶ ^§S>ma ‘| g§{MV h¡.
17) gyú‘, bKw Ed§ ‘Ü¶‘ loUr Ho$ CÚ‘ {dH$mg A{Y{Z¶‘ 2006:
à~§YZ Ho$ nmg CnbãY gyMZm Ho$ AZwgma gyú‘, bKw Ed§ ‘Ü¶‘ loUr Ho$ CÚ‘ {dH$mg A{Y{Z¶‘, 2006 Ho$ A§ÝVJ©V {d{^ÝZ Amny{V©H$Vm©Am| Ûmam
Xr JB© gyMZm Ho$ AmYma na Bg A{Y{Z¶‘ Ûmam em{gV gyú‘, bKy Ed§ ‘Ü¶‘ CÚmoJm| H$mo {ZJ‘ go {ZåZ amer ~H$m¶m Wr :
(` bmI ‘|)
H«$.g§. {ddaU 31 ‘mM©, 2019 H$mo 31 ‘mM©, 2018 H$mo
1 gyú‘, bKy Ed§ ‘Ü¶‘ CÚ‘ H$mo AàXËV ~Mr ‘ybYZ H$s YZamer 9.55 4.13
2 Cna 1 Ho AZwgma AàXËV nS>r ‘ybYZ H$s YZamerna Cn{MV ã¶mO eyÝ¶ eyÝ¶
3 godmAm| H$s gwnwX©Jr/H$s VmarI go 15 {XZ ¶m gh‘V g‘¶ Ho$ níMmV df© go Xm¡amZ ‘ybYZ 1.62 1.95
H$s YZam{e Ho$ ^yJVmZ na ^yJVmZ H$s JB© ã¶mO H$s YZam{e
4 df© Ho$ Xm¡amZ ‘ybYZ na Xo¶ na Xo¶ na§Vw A^r VH$ ^wJVmZ {H$¶m J¶m ã¶mO eyÝ¶ eyÝ¶
5 AmJm‘r dfm] ‘| ^r Xo¶ Am¡a ^wJVmZ¶mo½¶ AJbo ã¶mO H$s YZam[e, Cg VmarI VH$ O~ eyÝ¶ eyÝ¶
H$mQ>o OmZo ¶mo½¶ IM} H$s AZw‘{V Z XoZo H$s CÔoí¶ Ho$ {bE Cn¶w©³V Xo¶ ã¶mO H$m bKw CÚ‘
H$mo dmñVd ‘| ^wJVmZ Z H$a {X¶m OmE.
18) AD$Q>gmog© ì¶¶, ì¶dgm¶ {dH$mg Ed§ {dnUZ ghm¶Vm
(` bmI ‘|)
AD$Q>gmog© ì¶¶ 26562.08 24213.07
ì¶dgm¶ {dH$mg 159692.67 129935.93
{dnUZ ghm¶Vm 59290.73 56467.04
19) {d{dY gaH$mar g§ñWmAm| Ûmam {bE J¶o XmpÊS>H$ H$m¶©dmhr …
am{e (` bmI ‘|)
H«$. g§. g§ñWm J¡a AZwnmbZ/
Cëb§KZ XÊS> gå‘m{ZV XÊS> àXËV XÊS> A{YË¶mJ
KQ>m¶m J¶m
288
288
62 nd Annual Report
B -¢#< *a

! \
N + , ! "N I ! \
/020422 - "N ! , H [ ! P Q
Sch 6 : Reserve and surplus (shareholders).
17) @;""

; '$"'; @
According to information available with the management, on the basis of intimation received from suppliers, regarding their status
<#,< " ; #/00HP<,<";Q# <
,"
[
(` `
Sr. Particulars @ @

No. 2019 2018
1 <# : 9.55 4.13
2 Interest accrued on principal amount remaining unpaid as per 1 above. Nil Nil
3 Amount of interest paid during the year along with the payment of principal 1.62 1.95
amount made beyond 15 days or agreed time from the date of delivery /
rendering of services.
4 Interest due but yet to be paid on principal during the year. Nil Nil
5 Amount of further interest remaining due and payable even in the succeeding Nil Nil
years, until such date when the interest dues as above are actually paid to the
small enterprise, for the purpose of disallowance as deductible expenditure.
18) Outsourcing Expenses, Business Development and Marketing Support:
(` `
Particular Current Year Previous Year

B "N 26562.08 24213.07
Business Development 159692.67 129935.93
<' , 59290.73 56467.04
" ` > ;
{ Amount (` `

"> ^

Penalty Paid Penalty
Sl No. > Compliance/
Waived/
Violation
Reduced
1 Insurance Regulatory and Development 0 0 0
Authority as per table
2 Service Tax Authorities given below 5.16 5.16 0
3 Income Tax Authorities 18.52 18.52 0
4 Any other Tax Authorities 0.49 0.49 0
5 "
; \¢\ 0 0 0
-"<
6 Registrar of Companies/ NCLT/CLB/ Department 0 0 0

I
Companies Act, 1956
7 Penalty awarded by any Court/ Tribunal for any 13.64 13.64 0
matter including claim settlement but excluding
compensation
8 , "N +
0 0 0
9 Competition Commission of India 0 0 0
10 Any other Central/State/Local Government / 2.16 2.16 0
Statutory Authority
Total 39.97 39.97 0
Details of non compliance/Violation:
289
1 ~r‘m {d{Z¶m‘H$ Ed§ àm{YH$aU 0 0 0

2 godm H$a àm{YH$aU {ZMo Xr JB© Vm{bH$m 5.16 5.16 0
3 Am¶H$a àm{YH$aU Ho$ AZwgma 18.52 18.52 0
4 AÝ¶ H$a àm{YH$aU 0.49 0.49 0
5 àdV©Z {ZXoemb¶/{ZUm©¶H$ àm{YH$aU/Ý¶m¶m{YH$aU Am¡a 0 0 0
\o‘m Ho$ A§VJ©V H$moB© ^r àm{YH$aU
6 H§$nZr a{OñQ´>ma/EZgrEbQ>r/grEb~r/{ZJ{‘V H$m¶© {d^mJ 0 0 0
Am¡a H§$nZr E³Q>, 1956 Ho$ A§VJ©V AÝ¶ àm[YH$aU
7 {H$gr Ý¶m¶mb¶/Ý¶m¶m{YH$aU Ûmam {H$gr ^r {df¶ Xmdm 13.64 13.64 0
^wJVmZ j{Vny{V© H$mo N>moS>H$a {X¶m J¶m XÊS>
8 {g³¶w[aQ>r EÊS> E³gM|O ~moS>© Am°\ B§{S>¶m 0 0 0
9 H$pånQ>reZ H$‘reZ Am°\ B§{S>¶m 0 0 0
10 AÝ¶ H|${Ð¶/amÁ¶/ñWmZr¶/gaH$mar/g§{d{YH$ àm{YH$aU 2.16 2.16 0
Hw$b 39.97 39.97 0
J¡a AZwnmbZ/Cëb§KZ H$m {ddaU:
{aQZ© \ mB{b§J Ed§ H$amYmZ O_m H$aZo _o§ Xoar 18.52
noeoda H$a Ho$ Xoa go n«ofU 0.49
~r_mYmaH$mo§ Ho$ nj _o§ AXmbV Ûmam {X`m J`m Ow_m©Zm 13.64
~r_mYmaH$ _m_bo Ho$ Abmdm gaH$mar n«m{YH$aU Ûmam {X`m J`m Ow_m©Zm 2.16
godm H$a n«m{YH$aU 5.16

Hw$b 39.97
20) \« r -byH$ Ad{Y Ho$ {bE àmdYmZ:

31.03.2019 H$mo \« r -byH$ Ad{Y Ho$ {bE àmdYmZ,‘mh Aà¡b, 2019 Ho$ dmñV{dH$ {à{‘¶‘ dmngr Ho$ AmYma na {H$¶m J¶m h¡. ¶h àmdYmZ ¶h
‘mZVo hþE {H$¶m J¶m h¡ H$s ‘mh Aà¡b 2019 ‘| Omo g‘ñV àr{‘¶‘ dmngr H$m ^wJVmZ {H$¶m J¶m h¡ dh CZ nm°{b{g¶m| go g§å~pÝYV h¡ Omo {H$ 31
‘mM©, 2019 ¶m Cggo nhbo nyU© hþB© h¡&
21) gm§{d{YH$ boIm n[ajH$mo§ H$mo {X¶m J¶m A{V[a³V H$m‘:
(` bmI ‘|)
boIm n[ajH$mo§ Ho$ Zm‘ àXmZ H$s JB© godmE§ 31 ‘mM©, 2019 H$mo 31 ‘mM©, 2018 H$mo
_¡. I>ÝS>obdmb O¡Z EÊS> H§$. à‘mUZ H$m¶© 2.34 2.09
(Cna Xem©ò A§mH$μμ‹So godm H$a/OrEgQr H$mo Nmo‹S H$a h¡§)

22) ^maVr¶ boIm ‘mZH$ Ho$ {H$«¶mÝd¶Z H$s àJ{V :
H° manmoaoQ _m_bm| Ho _Ímmb` (E_ grE) Ûmam {Xò Jò ewédmVr amoS _¡n Ho AZwgma, ~r_m H§$n{Z`mo H mo Aàob 2018 Ind-AS bmJw H aZm Amdí`H
Wm& AmB© E\ Ama Eg 4: BÝí`moaoÝg H° mÝQ´³Qg (^maV _| BgHo g_H j Ind-AS 104 Ho én _|) H mo EH A§V{a_ _mZH Ho én _| bm`m J`m Wm& AmB©
E\ Ama Eg 17: ~r_m g§{dXm (BÝí`moaoÝg H° mÝQ´³Qg), H r {abrO Ho gmW, ^maVr` ~r_m {Z`m_H Ed§ {dH mg àm{YH aU (AmB© Ama Sr E AmB©) Zo
OwZ 2017 _| AmB© E\ Ama Eg H r {ñW{V H r g_rjm H r Amoa 2 gmb H r Ad{Y VH Ind-AS Ho H m`m©Ýd`Z H mo ñW{JV H a {X`m E_ gr.E. Ûmam
~s_m AZw~§Ymo na _mZH (Ind-AS - 117) H mo A^r VH A{Ygw{MV Zhr {H `m J`m h¡&
Bg ~rM, A§Vam{ï´ ` boIm _mZH ~moS© (IASB) AmB© E\ Ama Eg 17 _| gXñ`m| Ûmam gwPmE Jò g§^m{dV g§gmoYZm| na {dMma H a ahm h¡& IASB H mo
290
290
62 nd Annual Report
; :

N 18.52
Late remittance of professional tax 0.49
Penalty awarded by Court in favour of policyholders 13.64
Penalty awarded by Govt. Authority other than the policyholder 2.16
matters.
Service Tax Authority 5.16
Total 39.97
{"`'

Provision for free-look period as at 31.03.2019 has been made on the basis of actual premium refunded during April, 2019. The
provision is made with an assumption that all refund of premium during the month of April, 2019 pertained to the policies completed

L2 <#/029

"^` >

(` `
Name of the Auditors Services rendered <L2#/029 <L2#/023

<\ a ?: A' 2.34 2.09
P N$,\, NQ

22) Progress of implementation of Ind AS:
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P!;Q? /02K
the position and deferred the implementation of Ind AS by a period of 2 years. Standard on Insurance Contracts (Ind AS 117) is yet
<
In the meanwhile, The International Accounting Standard Board (IASB) is considering possible amendments in IFRS 17 which have been
,+ N N

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? /029
, \, ,+

the standard. The Board will follow its normal process before notifying the standard, which includes a public consultation.
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appointment of consultant in order to implement the new standards. They advised that the consultant should have in-depth knowledge

¢ I
of work and terms of reference for the consultant will be drafted in consultation with the respective departments and placed before
the committee for its approval.
23) Security under debentures/ loans, amounting to ` 3005.83 crore executed partially and is under due process.
24) A

2
#/02K
#
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\\
291
Cå_rX h¢ H r AmB© E\$ Ama Eg 17 Ho {bE àñVm{dV g§emoYZm| H m E³gnmoOa S´âQ OwZ 2019 Ho A§V VH Omar H a {X`m OmòJm&
_mZH H mo AqV_ é_ XoZo go nhbo ICAI Ho boIm _mZH ~moS© Ûmam Ind-AS na Cn`w³V g§emoYZ/ñnîQrH aU na {dMma {H `m OmòJm& ~moS© _mZH Hmo
A{Ygw{MV H aZo go nhbo AnZr gm_mÝ` à{H« `m H m nmbZ H aoJm, {Og_| gmd©O{ZH nam_e© H r em{_b h¡&
Ind-AS H m`m©ÝdZ Ho {bE Am§V{aH g{_{V H r ~¡RH 23 _B© 2019 H mo Am`mo{OV H r JB© Wr& g{_{V Ho gXñ`m| Zo Zò _mZH m| H mo bmJw H aZo Ho {bE
gbmhH ma H r {Z`w{³V H r {g\mm{ae H r/CÝhmoZo `h ^r gdmh Xr h¡ {H gbmhH ma H mo Bg n{a`moOZm H mo à^mdr T§J go H m`m©{ÝdV H aZo Ho {bE ~r_m
boIm§H Z Ho gmW gmW ~r_m§H Z à^mdm| H m JhZ kmZ hmoZm Mm{hò& O¡gm {H g{_{V Ûmam gbmh Xr JB© h¡& gbmhH ma Ho {bE H m`© joÍm g§X^© H r eVm}
H m àmén g§~§{Y {d^mJm| Ho nam_e© go V¡`ma {H `m OmòJm Am¡a g{_{V Ho g_j BgHo AZw_moXZ Ho {bE aIm OmEJm&
23) F$UnÍm/F$U Ho$ VhV gwajm am{e ` 3005.83 H$amoS H$r Am§{eH$ êŸn go {Zînm{XV H$r JB© h¡§ Ed§ CgH$r C{MV n«{H«$`m Mb ahr h¡&
24) {ZJ_ Ho$ H$_©Mm{a`mo§ H$m doVZ g§emoYZ ha nm§M dfmoª _o§ {H$`m OmVm h¡ Am¡a dV©_mZ doVZ g§emoYZ 1 AJñV 2017 go Xo` hmo J`m h¡& BgHo$ {bE A§{V_
{ZU©` b§{~V h¡, BgH$m n«mdYmZ AZw_m{ZV AmYma na {H$`m J`m h¡&
25) 31.03.2019 H mo g_mßV hmoZo dmbo df© Ho {bE aonmo/{adg© aonmo ì`dhma
df© Ho Xm¡amZ df© Ho Xm¡amZ df© Ho Xm¡amZ X¡{ZH 31.03.2019 H mo
ÝnwZV_ ~H m`m A{YH V_ ~H m`m Am¡gV ~H m`m ~H m`m
!"BHo VhV ~oMr JB© à{V^w{V
1. gaH mar à{V^w{V`m± ewÝ` ewÝ` ewÝ` ewÝ`
2. H mnm}aoQ F U à{V^w{V`m
à{V^w{V`m| H mo àË`mdm{V©V aonmo Ho VhV IarXm J`m ewÝ` 7,999.91 H amoS 104.54 H amoS ewÝ`
1. gaH mar à{V^w{V`m±*
2. H mnm}aoQ F U à{V^w{V`m ewÝ` ewÝ` ewÝ` ewÝ`
* am{e grgrAmB© Eb Ho gr Ama Amo E_ Eg ßboQ\ m_© _| {H ò Jò aonmo (CYma) boZXoZ H mo {adg© H aZo go g§~§{YV h¡&
' "
Mmbw df© Ho dJuH aU Hr nw{ï H aZo Ho {bò {nNbo df© Ho AmH Sm| Hmo Ohm§ H hr Amdí`H hmo, nwZ: g_whrH¥ V {H `m J`m h¡ nwZ: g_whZ {Zå_mZwgma h¡&
g. am{e
H« . nwZ: g_whrH¥ V H aZo Ho {bE nwZ: g_whrH¥ V go (` bmI) H maU
1.
AZwgwMr-13 AZwgwMr-13
nm°{bgrYmaH m| H r ~oXmdm am{e na AmB© Ama Sr E AmB© Ho
bmBZ AmBQ_: ~oXmdm am{e na bmBZ AmBQ_: ~H m`m ~oXmdm
92056.34 _mñQa gHwba Ho ßdmB§Q Z§.7 Ho AZwgma AbJ bmBZ _X
A{O©V ã`mO am{e/O_m
(AmBQ_) Ho é_ _| {XImB© JB© ~oXmdm {ZYr na Am` h¡&
27) {ZJ_ Ho IÊSdma n{agån{ËV`m| VWm Xm{`Ëdm| H r OmZH mar `Wm g§^d àmßV H r h¡&
28) {dËVr` {ddaUm| _| H moðH ( ) _| {Xò JE Am§H So F UmË_H eof ~VmVo h¡&
29) Ohm± H hr Amdí`H hmo {nNbo df© Ho Am§H Sm| H mo Bg df© Ho Am§H Sm| go VwbZm Ho {bò {\ a go nwZ©JRrV {H `m J`m h¡&
292
292
62 nd Annual Report
Minimum Maximum Daily average

Outstanding as
outstanding outstanding during outstanding
on 31.03.2019

> >
>
, !"B
1. Government Securities NIL NIL NIL NIL
2. Corporate Debt securities
Securities Purchased under reversed Repo
NIL 7,999.91 Crore 104.54 Crore NIL
1. Government Securities*
2. Corporate Debt securities NIL NIL NIL NIL
P Q &= !B<,

' "
-
4 # =

regrouping are as follows
S r. Amount
Regrouped to Regrouped from Reason
No. (ìn Lakhs)
1.
Schedule No. 13 Schedule No. 13
Income on unclaimed fund shown as Separate Line
Line item: Interest Accured Line item: Outstanding
92056.34 Item as per Point No. 7 of IRDAI master circular on
on Unclaimed amounts unclaimed amounts/deposits
unclaimed amounts of policy holders.
27) Segment wise assets and liabilities have been ascertained by the Corporation to the extent possible
28) - ' PQ
29) = \ ' comparable with those of the Current Year.
293
{dÎmr¶ {ddaUm| H$m gmam§e

Summary of Financial Statements
n[a{eîQ>-I
Annexure I
(` bmIm| ‘|)
(` in Lakhs)
H«$.g§. {ddaU
2018-19 2017-18 2016-17 2015-16 2014-15
Sl.No. Particulars
nm°{bgrYmaH$m| H$m ImVm
POLICYHOLDERS' A/C
1 gH$b àr{‘¶‘ Am¶
Gross Premium Income 33750507.11 31822320.56 30048735.98 26644420.56 23966765.14
2 ewÜX àr{‘¶‘ Am¶ ^
Net Premium Income ^ 33718539.65 31785098.87 30019668.40 26622538.36 23948277.17
3 {Zdmgm| go Am¶ (ewÜX)@
Income from Investments (Net) @ 22275773.53 20495899.68 19182291.42 15699685.80 16778605.66
4 AÝ¶ Am¶
Other Income 84126.20 80112.77 60699.70 96444.04 27752.76
5 Hw$b Am¶
Total Income 56078439.38 52361111.32 49262659.52 42418668.20 40754635.59
6 H$‘reZ
Commissions 1931119.38 1822681.87 1659006.66 1547716.58 1509209.66
7 Xbmbr
Brokerage 0.00 0.00 0.00 0.00 0.00
8 ~r‘m ì¶dgm¶ go g§~§{YV àMmbZ ì¶¶
Operating Expenses related
insurance business 2918201.68 3014239.54 2894465.65 2269276.57 2239269.56
9 H$amYmZ Am¡a Xÿgam| Ho$ {bE àmdYmZ
Provision for Taxation and Others 1485325.13 1401518.94 1109005.55 664411.33 506303.98
10 Hw$b Am¶
Total Expenses 6334646.19 6238440.35 5662477.86 4481404.48 4254783.20
11 nm°{bgrYmaH$m| H$mo ^wJVmZ *
Payment to policyholders * 25093623.15 19811983.14 16762427.46 14344516.89 14602550.23
12 ~r‘m§H$Z Xo¶Vm ‘| d¥pÜX
Increase in actuarial liability 25315338.64 27027711.55 26464849.72 24454329.52 22488559.78
13 g§~ÜX Xm{`Ëdm| Ho {bò gmdYmZ
Provision for Linked Liabilities -931228.14 -959205.98 152871.12 -1111286.17 -771562.81
14 A{Yeof/KmQ>m àMmbZ go
'"$;' 266059.54 242182.26 220033.36 249703.48 180305.19
eoAaYmaH$m| H$m ImVm
SHAREHOLDERS' A/C
15 eoAaYmaH$m| Ho$ ImVo Ho$ A§VJ©V Hw$b Am¶
Total income under shareholders'
account 270390.40 245981.33 224855.96 252886.42 183558.78
16 eoAaYmaH$m| Ho$ ImVo Ho$ A§VJ©V Hw$b IM©
Total Expenses under Shareholder’s
Account 42.06 39.77 19.69 0.12 112.88
17 H$a nyd© bm^/hm{Z
\P Q
N 270348.34 245941.56 224836.27 252886.30 183445.90
18 H$a Ho$ {bE àmdYmZ
Provisions for tax 1498.68 1301.02 1662.19 1101.51 1067.53
19 H$a níMmV bm^/hm{Z
"! 268849.66 244640.54 223174.08 251784.79 182378.37
294
294
62 nd Annual Report
n[a{eîQ>-I
Annexure I
(` bmIm| ‘|)
(` in Lakhs)
H«$.g§. {ddaU
2018-19 2017-18 2016-17 2015-16 2014-15
Sl.No. Particulars
20 VwbZ-nÌ H$mo AJ«o{fV bm^/hm{Z
\ + ,
{d{dY
MISCELLANEOUS
21 (H$) nm°{bgrYmaH$m| H$m ImVm…
(A) Policyholders' account
Hw$b {Z{Y
Total funds 305488219.49 279091639.39 252844588.20 217003453.37 199128955.32
Hw$b {Zdoe
Total Investments 293265282.57 270557972.06 244221448.66 207423355.87 188664051.63
{Zdoe na % àmpßV #
Yield on investments % # 7.59 7.71 7.78 8.11 8.22
(I) eoAaYmaH$m| H$m ImVm…
(B) Shareholders' account:
Hw$b {Z{Y
Total funds 67868.36 65037.25 60645.28 58294.29 56254.42
Hw$b {Zdoe
Total Investments 63661.93 58579.75 57397.52 51308.57 50620.49
*{Zdoe na % àmpßV #
*Yield on investments % # 6.01 5.90 6.29 5.85 6.23
22 *Hw$b {Zdoe na % àmpßV #
*Yield on total investments % # 7.59 7.71 7.78 8.11 8.22
23 àXÎm B³drQ>r ny±Or
Paid up equity capital 10000.00 10000.00 10000.00 10000.00 10000.00
24 ewÜX ‘yë¶
Net worth 67868.36 65037.25 60645.28 58294.29 56254.42
25 Hw$b n[agån{Îm¶m±
Total Assets 311184727.79 284504182.01 257202833.64 221037864.90 203111608.39
26 à{V eoAa AO©Z
Earnings per share N.A. N.A N.A. N.A. N.A.
27 à{V eoAa ~hr ‘yë¶
Book value per share N.A. N.A. N.A. N.A. N.A.
^ {Zdb nyZ©~r‘m
^ Net of reinsurance
@ ewÜX hm{Z
@ Net of losses
* A§V[a‘ ~moZg g[hV, ¶{X hmo Vmo
* Inclusive of interim bonuses, if any
# à{V\ b H$s JUZm Am¡gV {Z{Y na H$s J¶r h¡
# Yield is calculated on Mean Fund
295
AZwnmV
Ratios
n[a{eîQ>-II
Annexure II
H«$.g§. {ddaU
2018-19 2017-18 2016-17 2015-16 2014-15
Sl.No. Particulars
1 Zd ì`dgm` {à{_`_ Am` _o§ d¥pÜX (AZw^mJdma)
New business premium income growth rate - segment wise
Agå~ÜX / Non-Linked
OrdZ / Life 3.98% 12.64% 4.26% -9.98% -22.43%
noÝeZ / Pension -10.93% 14.38% 253.68% 206.83% 13.50%
g_wh / Group 10.13% 5.06% 21.35% 42.62% -6.82%
g§~§ÜX / Linked
OrdZ / Life -38.39% 173.70% -26.70% 1389.67% -95.34%
noÝeZ / Pension 0.00 0.00 0.00 0.00 -100.00%
g_wh / Group N.A. N.A. N.A. N.A. N.A.
2 ewÜX YmaU AZwnmV 99.91% 99.88% 99.90% 99.92% 99.92%

Net Retention Ratio
3 à~§YZ ì`` go Hw b àË`j {à{_`_ H m AZwnmV 14.38% 15.21% 15.17% 14.33% 15.65%
Expense of Management to Gross Direct Premium Ratio
4 H _reZ AZwnmV (^wJVmZ {H `m J`m Hw b H _reZ go Hw b {à{_`_) 5.73% 5.74% 5.53% 5.82% 6.31%
Commission Ratio (Gross commission paid to Gross Premium)
5 nm°{bgr YmaH m| Ho Xm{`Ëd go A§eYmaH mo§ Ho H mof H m AZwnmV 4501.19 4291.26 4169.24 3722.55 3539.79
Ratio of policy holder's liabilities to shareholder's funds
6 A§eYmaH {Z{Y H r {dH mgXa 4.35% 7.24% 4.03% 3.63% 4.45%
Growth rate of shareholders' fund
7 nm°{bgr YmaH Xo`Vm go A{Yeof H m AZwnmV 1.80% 1.79% 1.78% 2.40% 1.90%
Ratio of surplus to policy holders' liability
8 eyÜX _yë` _o§ n{adV©Z (am{e "000" _o§) 283111 439197 235099 203987 239489
Change in net worth (Amount in "000")
9 H a níMmV bm^ / Hw b Am` 0.005 0.005 0.005 0.006 0.004

N\
10 (H wb AMb g¨nXm + G$U) / (ZH X Ed§ {Zdo{eV n{ag§n{ËV`m§) 4.09% 4.42% 4.86% 5.76% 6.10%
P ® Q\P : Q
11 (ny§Or + A{Yeof) go Hw b {Zdoe 4481.01 4317.59 4059.16 3630.28 3426.74
\P®, Q
12 (ny§Or + A{Yeof) go Hw b gå~Õ {Zdoe 73.59 37.89 33.93 38.09 31.82
J \P®, Q
13 {Zdoe H r CnO* 7.59% 7.71% 7.78% 8.11% 8.22%
Investment Yield *
14 g§ajU AZwnmV 92.19% 90.77% 91.43% 91.47% 90.52%
Conservation Ratio
15 X¥TVm AZwnmV**
Persistency Ratio**
13 do _mh Ho {bò nm°{bgr`mo§ H r g§»`m Ûmam dm{f©H {à{_`_ Ûmam
For 13th month 66.00% 66.00% 64.00% 63.00% 66.00%
By no. of policies By annualized premium 77.00% 76.00% 74.00% 72.00% 77.00%
25 do _mh Ho {bò nm°{bgr`mo§ H r g§»`m Ûmam dm{f©H {à{_`_ Ûmam

For 25th month 60.00% 58.00% 56.00% 60.00% 51.00%
By no. of policies By annualized premium 71.00% 68.00% 66.00% 72.00% 68.00%
296
296
62 nd Annual Report
n[a{eîQ>-II
Annexure II
H«$.g§. {ddaU
2018-19 2017-18 2016-17 2015-16 2014-15
Sl.No. Particulars
37 do _mh Ho {bò nm°{bgr`mo§ H r g§»`m Ûmam dm{f©H {à{_`_ Ûmam 54.00% 53.00% 56.00% 48.00% 49.00%
For 37th month By no. of policies By annualized premium 65.00% 63.00% 68.00% 65.00% 65.00%
For 49th month By no. of policies By annualized premium 60.00% 66.00% 62.00% 62.00% 60.00%
For 61st month By no. of policies By annualized premium 63.00% 59.00% 58.00% 55.00% 51.00%
16 EZ.nr.E. AZwnmV (G$U nmoQ© \ mo{b`mo H m) gH b EZ nrE. AZwnmV 6.15% 6.23% 4.73% 3.76% 3.30%
ewÜX EZ.nr.E. AZwnmV 0.27% 1.82% 1.96% 1.84% 1.58%
NPA Ratio (of debt portfolio) Gross NPA Ratio
Net NPA Ratio
17 g§nÞVm AZwnmV (^maV _o ì`dgm`) 1.60 1.58 1.58 1.55 1.55

Solvency Ratio (Within India Business)
OrdZ ~r_m Ho {bE A§e Ym{aVm H m n°QZ©

Equity Holding pattern for Life Insurers
1 A) A§emo H r g§»`m / NA NA NA NA NA
(a) No of shares
2 ~) A§eYm{aVm H m à{VeV NA NA NA NA NA
(b) Percentage of shareholding
3 g) gaH ma Ûmam YmaU H m % 100% 100% 100% 100% 100%
(c ) % of Government holding
4 A)~x{Z`m{X Ed§ gwYarV B© nr Eg AmgmYmaU _Xm| Ho nwd© NA NA NA NA NA
(a) Basic and diluted EPS before extraordinary items
5 ~) ~x{Z`m{X Ed§ gwYarV B© nr Eg AmgmYmaU _Xm| Ho níMmV NA NA NA NA NA
(b) Basic and diluted EPS after extraordinary items
6 iv) à{V eoAa ~hr _yë` NA NA NA NA NA
(iv) Book value per share
{nNbr Ad{Y Ho AZwnmV H mo nwZ: g_w{hV AmH Smo§ na V¡`ma {H `m J`m h¡&
Z ! '
* nm°{bgr YmaH {Z{Y na CnO H r JUVm _mÜ` na H r OmVr h¡&
* Yield is calculated on Mean Policyholders' Fund.
** gVV AZwnmV H r JUZm AmB© Ama Sr E AmB© Ho g§gmo{YV {Xem {ZXo©emo§Ho AZwgma H r JB© h¡&
** Persistency Ratios have been calculated as per revised IRDAI guidelines
{QßnUr…- {ZåZ{b{IV AZwnmVmo§ Ho A{V{aº g^r AZwnmV à{VeV én _o§ Xem©ò Jò h¡&
Note: All Ratios are in percentage form except the ratios stated below:
A) A§emoYmaH mo§ H r {Z{Y Ho {bò nm°{bgrYmaH mo§ Ho Xm{`Ëd H m AZwnmV
a. Ratio of Policyholder's liabilities to shareholder's funds
~) H a nümV bm^/Hw b Am`

N\
g) (ny±Or A{Yeof) go Hw b {Zdoe
\P®, Q
X) (ny§Or + A{Yeof) go Hw b gå~Õ {Zdoe
J \P®, Q
B) g§nÞVm AZwnmV
e. Solvency Ratio
B©) ewÜX _yë` _o n{adV©Z hOma énò _o§ h¡&
f. Change in Net Worth is in Rs. Thousand
297

-!%\20G0M9A -!%\00/K3G,
g.H«$./M.No.033632 g.H«$./ M.No. 205702
-!%\009GK2%\%G0000H -!%\000KMG
g.H«$./M.No. 088810 g.H«$./M.No. 073124
}
Eg. Eb. NmOo‹S E§S> H§$. Ho$ {bE dr. qgKr E§S> Agmo{gEQ²>g Ho$ {bE ho_§V ämmJ©d
-!%\000K09 -!%\L2202K" {ZJ‘ Ho$ gXñ¶
Eg. EZ. e_m© (nmQ>©Za) A{ZéÜX goZJwám (nmQ>©Za) Members of the Corporation
E{bg Or d¡X`Z
-!%\20G02HA\A420002G -!%\0009LL Shubhangi S. Soman
P-:Q
g.H«$./ M.No. 104126 g.H«$. M.No. 014854
-!%\00MMGL, -!%\202K/0A\A200LGG
H¥ îUm gmB© Or. EM. (nmQ>©Za) {dO¶ Znmdm{b¶m (nmQ>©Za)
Krishna Sai G. H. ( Partner ) Vijay Napawaliya (Partner)
g.H«$./M.No. 233399 g.H«$./M.No. 109859
gZXr boImH$ma
‘w§~B©… 14 OyZ, 2019

298
298
62 nd Annual Report
^maVr¶ OrdZ ~r‘m {ZJ‘ H$s {Z¶§[ÌV {Z{Y Xem©Zo dmbm {ddaU
Statement showing the Controlled Fund of Life Insurance Corporation of India
VwbZ-nÌ Ho$ AZwgma {Z¶§{ÌV {Z{Y H$s g§JUZm (^maV ‘| ì¶dgm¶ Ho$ g§~§Y ‘|)
Computation of Controlled fund as per the Balance Sheet (In respect of Business In India)
(` H$amoS> ‘|)
(` in crore)
2018-19 2017-18
nm°{bgrYmaH$ {ZYr (OrdZ {ZYr)
Policyholders' Fund (Life Fund)
gh^m{JVm - Participating
d¡¶p³VH$ ~r‘m - Individual Assurance 2046334.52 1876677.63
dm{f©H$s ì¶dgm¶ - Annuity Business 1693.82 1951.22
noÝeZ ì¶dgm¶ - Pension Business 26708.53 25723.10
g‘yh ~r‘m - Group Assurance 38086.16 32586.77
J¡a-gh^m{JVm - Non Participating
d¡¶p³VH$ ~r‘m (Bg ‘| OrdZ g§~§Õ - J¡a BH$mB© {ZYr em{‘b h¡ ) 42023.98 38363.50
Individual Assurance (Includes Life, Linked- Non Unit Fund)
dm{f©H$s ì¶dgm¶ - Annuity Business 61512.14 45913.24
ñdmñW ì¶dgm¶ - Health Business 381.29 302.30
g§~§Õ - Linked
d¡¶p³VH$ ~r‘m - Individual Assurance 27084.62 34443.75
d¡¶p³VH$ noÝeZ - Individual Pension 12759.58 14797.06
g‘yh A{Y d{f©Vm - Group Superannuation 0.00 0.00
g‘yh CZXmZ - Group Gratuity 107.73 116.34
ñdmñW ì¶dgm¶ - Health Business 1599.11 1510.98
^mdr {d{Z¶moOZm| Ho$ {bE {Z{Y¶m§ - Funds for Future Appropriations 0.17 0.08
~§X H$mof (¶y{ZQ>) - Discontinued Fund (Unit) 8.64 2.72
OmoS> (H$) / Total (A) 2825336.22 2581668.62
eoAaYmaH$m| H$s {Z{Y - Shareholders'' Fund
àXÎm ny±Or - Paid up Capital 100.00 100.00
Ama{jV Am¡a A{Yeof - ! :, 281.15 272.03
C{MV ‘yë¶ n[adV©Z - Fair Value Change 0.00 0.00
OmoS> (I) / Total (B) 381.15 372.03
~Å>o ImVo ‘| Z S>mbo JE {d{dY ì¶¶ - < N I 0.00 0.00
bm^ Ed§ hm{Z boIo go H«o${S>Q>/(S>o{~Q>) - \P; Q
:&\ 0.00 0.00
OmoS> (J) / Total (C ) 0.00 0.00
eoAaYmaH$m| H$s {Z{Y H$m OmoS> (I+J)- Total shareholders' funds (B+C) 381.15 372.03
{Z¶§{ÌV {Z{Y OmoS> (H$ + I + J). - Controlled Fund [Total (A+B-C) ] 2825717.37 2582040.65
299
amOñd Am¡a bm^ Ed§ hm{Z boIo go {Z¶§{ÌV {Z{Y H$m g‘mYmZ (^maV ‘| ì¶dgm¶ Ho$ g§~§Y‘|)
" ""
]
;
_
(In respect of Business In India)
(` H$amoS> ‘|)
(` in crore)
2018-19 2017-18
[Z¶§{ÌV {Z{Y H$m AWeof
Opening Balance of Controlled Fund 2582040.65 2321560.70
OmoS>o … A§Vaàdmh

¢^
Am¶
Income
àr‘r¶‘ Am¶
Premium Income 337127.58 317892.78
KQ>mE§ … A§V[aV nwZ~u‘m
Less: Reinsurance ceded 319.13 371.91
{Zdb àr‘r¶‘
Net Premium 336808.45 317520.87
{Zdoe Am¶*
Investment Income* 222496.44 204674.73
AÝ¶ Am¶
Other Income 841.99 801.78
eoAaYmaH$m| Ho$ boIo go A§V[aV {Z{Y¶m§
Funds transferred from Shareholders' Accounts 0.00 0.00
Hw$b Am¶
Total Income 560146.88 522997.38
KQ>mE§ … ~{hJ©‘Z
Less: Outgo
(i) àXÎm bm^ ([Zdb)
+ P% Q 248904.53 196230.99
(ii) àXÎm A§V[a‘ ~moZg
Interim Bonus Paid 1649.31 1553.11
(iii) Xo¶Vm Ho$ ‘yë¶m§H$Z ‘| n[adV©Z**
Change in Valuation of Liability** 243667.60 260470.79
(iv) H${‘eZ
Commission 19287.08 18205.35
(v) àMmbZ ì¶¶
Operating Expenses 29141.39 30104.22
(vi) H$amYmZ Ho$ {bE àmdYmZ Am¶ H$a
Provision for Taxation I.T. 7709.62 7415.77
(vii) H$amYmZ Ho$ Abmdm AÝ¶ àmdmYmZ ***
Provision other than Taxation *** 7020.02 6404.44
(vii) AÝ¶***
Others*** 110.08 193.77
Hw$b ~{hJ©‘Z
Total Outgo 557489.63 520578.44
300
300
62 nd Annual Report
(` H$amoS> ‘|)
(` in crore)
2018-19 2017-18
nm°{bgrYmaH$m| H$s {ZYr H$m A{Yeof
Surplus of the Policyholders' Fund 2657.25 2418.94
KQ>mE§ … eoAaYmaH$m| Ho$ ImVoo ‘|o A§V[aV
Less: transferred to Shareholders' Account 2657.25 2418.94
nm°{bgrYmaH$m| Ho$ ImV| ‘| {Zdb àdmh
Net Flow in Policyholders' account 0.00 (0.00)
OmoS>o … eoAaYmaH$m| H$s {ZYr ‘| {Zdb Am¶/(ì¶¶)
[% \P N Q, Z- 9.12 9.16
{Zdb A§V©dmh / ~{hdm©h
% -\B 9.12 9.16
OmoS>o … ‘yë¶m§H$Z Xo¶VmAm| ‘| n[adV©Z **
Add: change in valuation Liabilities** 243667.60 260470.79
OmoS>o … àXÎm n±yOr ‘| d¥{Õ
Add: Increase in Paid up Capital 0.00 0.00
{Z¶§{ÌV {Z{Y H$m A§V eof
Closing Balance of Controlled Fund 2825717.37 2582040.65
VwbZ-nÌ Ho$ AZwgma 2825717.37 2582040.65
As Per Balance Sheet
A§Va, ¶{X H$moB© h¡
;I #
0.00 0.00
* {Zdoe Am¶ ‘| g§~§Y ì¶dgm¶ H$s B©H$mB© {Z{Y Ho$ C{MV ‘yë¶ ‘| n[adV©Z/nwZ‘y©ë¶m§H$Z na hþAm A§VaU/bm^ em{‘b h¡

\ \

&'
** Xo¶VmAm| Ho$ ‘yë¶m§H$Z ‘| hþE n[adV©Z o‘§ ^mdr {d{Z¶moOZm| Ho$ {bE {Z{Y¶m| Am¡a g§~§Õ Xo¶Vm¶m| Ho$ {bE àmdYmZ ‘| hþAm A§VaU em{‘b h¡
** Change in valuation of liabilities includes transfer to provision for Linked Liabilities , Funds for Future Appropriations and Discontinued
fund
*** H$amYmZ Ho$ Abmdm àmdYmZ Am¡a AÝ¶ H$mo AbJ n§p³V dmbr ‘Xm| Ho$ ê$n ‘| em{‘b H$a {b¶m J¶m h¡ AÝ¶ ‘| AÝ¶ ì¶¶ Ed§ {Z{Y à~§YZ à^ma na godm H$a Ed§ g§~§YrV
ì¶dgm¶ Ho$ AÝ¶ à^ma em{‘b h¡
*** Provision other than taxation” and “Others “ have been included as separate row items. “Others” include Other Expenses and
, N-< :B
&' +
301
eo¶aYmaH$m| Am¡a nm°{bgrYmaH$mo Ho$ {Z{Y H$m g‘mYmZ (^maV ‘| ì¶dgm¶ Ho$ g§~§Y‘|)
Reconciliation with Shareholders’ and Policyholders’ Fund (In respect of Business In India)
(` H$amoS> ‘|)
(` in crore)
2018-19 2017-18
nm°{bgrYmaH$m| H$s {ZYr¶m±
Policyholders' Funds
nm°{bgrYmaH$m| H$s {ZYr¶m± - na§namJV gh^mJr Am¡a J¡a-gh^mJr
Policyholders' Funds - Traditional-PAR and NON-PAR
nm°{bgrYmaH$m| H$m {ZYr H$m Adeof
Opening Balance of the Policyholders' Fund 2530797.76 2260729.99
OmoS>o … amOñd ImVo H$m Adeof
Add: Surplus of the Revenue Account
OmoS>o … ‘yë¶m§H$Z Xo¶VmAm| ‘| n[adV©Z
Add: Change in valuation Liabilities 252978.79 270067.77
OmoS> Total 2783776.55 2530797.76
VwbZm nÌ Ho$ AZwgma
As per Balance Sheet 2783776.55 2530797.76
;I #
0.00 0.00
nm°{bgrYmaH$m| H$s {ZYr¶m±
Policyholders' Funds - Linked
nm°{bgrYmaH$m| H$m {ZYr H$m AWeof
Opening Balance of the Policyholders' Fund 50870.85 60467.84
OmoS>o … amOñd ImVo H$m A{Yeof
Add: Surplus of the Revenue Account
OmoS>o … ‘yë¶m§H$Z Xo¶VmAm| ‘| n[adV©Z
Add: Change in valuation Liabilities (9311.18) (9596.99)
OmoS> Total 41559.67 50870.85
VwbZ-nÌ Ho$ AZwgma*
As per Balance Sheet* 41559.67 50870.85
;I #
0.00 0.00
eo¶aYmaH$m| H$s {ZYr¶m±
Shareholders'' Funds
eo¶aYmaH$m| H$m {ZYr H$m AWeof
Opening Balance of Shareholders' Fund 372.03 362.87
OmoS>o … eo¶aYmaH$m| H$r {ZYr ‘| {Zdb Am¶/(ì¶¶)
[% \P N Q, Z- 9.12 9.16
OmoS>o … {Z{Y H$m A§Vdm©h
Add: Infusion of Capital 0.00 0.00
eo¶aYmaH$m| H$m {ZYr H$m A§Veof
Closing Balance of the Shareholders'' fund 381.15 372.03
VwbZ-nÌ Ho$ AZwgma
As per Balance Sheet 381.15 372.03
;I #
0.00 0.00
* ~§X {ZYr (¶y{ZQ>) em{‘b h¡&
* Includes Discontinued Fund (Unit)
302
302
62 nd Annual Report
~r‘mH$Vm© H$m Zm‘ … ^maVr¶ OrdZ ~r‘m {ZJ‘ Name of the Insurer: Life Insurance Corporation of India
n§OrH$aU H$s g§»¶m 512 VWm VmarI … 01.01.2001 Registration No. 512 Dated: 01.01.2001
àmpßV Ed§ ^wJVmZ boIm

RECEIPT AND PAYMENTS ACCOUNT
31 _mM©, 2019 H mo Hw b ì`dgm` go g§~§{YV ZH X àdmh {ddaU
CASH FLOW STATEMENT AS AT 31ST MARCH, 2019 IN RESPECT OF TOTAL BUSINESS
(` bmIm| ‘|)
(` in lakhs)
{ddaU Hw$b Mmby df© Hw$b {nN>bo df©
Particulars CURRENT YEAR PREVIOUS YEAR
n{aMmbZ J{V{d{Y`m| go ZH X àdmh:
Cash Flows from the operating activities:
1 nm°{bgrYmaH m| go àmßV àr{_`_, {Og_o A{J«_ àm{ßV`m± em{_b h| 33591137.81 31904058.26
Premium received from policyholders, including advance receipts
2 AÝ` àm{ßV`m± 84126.21 80112.77
Other receipts
3 nwZ:~r_mH Vm©Am| H mo ^wJVmZ, H {_eZ Ed§ Xmdm| go ewÜX (22572.51) (5097.87)
4 #
\+
4 gh ~r_mH §nZr`mo Hmo ^wJVmZ, Xmdm|/bm^ go ewÜX 0.00 0.00
4 #
\
5 Xmdm|/bm^ Hm ^wJVmZ (24648334.55) (19430127.53)

\
6 H {_eZ Am¡a Xbmbr Hm ^wJVmZ (1943689.93) (1804986.29)
Payments of commission and brokerage
7 AÝ` n{aMmbZ ì``m| Hm ^wJVmZ (2776979.41) (2290794.26)
Payments of other operating expenses
8 àma§{^H Ed§ nwd©-Amnao{Qd ì`` 0.00 0.00
Preliminary and pre-operative expenses
9 O_m, A{J«_ Am¡a ñQm\ F U (491765.85) (136159.56)
; # I
10 Am`H a Hm ^wJVmZ (ewÜX) (1485417.91) (1322387.57)
Income taxes paid (Net)
11 godmH a/OrgQr Hm ^wJVmZ (330029.29) (208167.23)
, N\$,
12 AgmYmaU _Xm| go nwd© ZH X àdmh 1976474.57 6786450.72

N
13 AgmYmaU g§MmbZ go ZH X àdmh ({ddaU Xo) 0.00 0.00

N P '4Q
n{aMmbZ J{V{d{Y`m| go ewÜX ZH X àdmh:
1976474.57 6786450.72
¢^;'
{Zdoe J{V{d{Y`m| go ZH X àdmh:
¢^;
14 AMb g§n{ËV`m| Hr IarX (50920.76) (57141.48)

N
303
àmpßV Ed§ ^wJVmZ boIm

RECEIPT AND PAYMENTS ACCOUNT
31 _mM©, 2019 H mo Hw b ì`dgm` go g§~§{YV ZH X àdmh {ddaU
CASH FLOW STATEMENT AS AT 31ST MARCH, 2019 IN RESPECT OF TOTAL BUSINESS
15 AMb g§n{ËV`m| Hr {~H«r go àm{ßV`m± 13429.36 26710.46

N
16 {Zdem| Hr IarX (31863723.44) (38944173.79)
Purchases of investments
17 {dV{aV FU (^wJVmZ go ewÜX) (504424.18) (320549.25)
Loans disbursed (Net of Repayments)
18 {Zdem| Hr {~H«r 15136588.96 15600003.20
Sales of investments
19 {H V`m/ã`mO/bm^m§e àmßV 19145818.29 17691737.16
! \ \;
20 _wÐm ~mOma CnHaUm| Am¡a Vab å`wMwAb \§ S (ewÜX) _| {Zdoe (1687247.75) (1557574.64)
Investments in money market instruments and in liquid mutual funds (Net)
21 {Zdoem| g| g§~§{YV ì`` 0.00 0.00
Expenses related to investments
{Zdoe J{V{d{Y`m| go ewÜX ZH X àdmh:
189520.48 (7560988.34)
¢^;
{dËVr` J{V{d{Y`m| go ZH X àdmh:
¢^;
A§e nw§Or Omar H aZo go àm{ßV`m± (^maV gaHma Ûmam àXËV A§e nw§Or) 0.00 0.00
Proceeds from issuance of share capital (Equity capital provided by Government of India)
H O© boZo go àm{ßV`m± 0.00 0.00
Proceeds from borrowing
H O© H m ^wJVmZ 0.00 0.00
Repayments of borrowing
ã`mO/bm^m§e H m ^wJVmZ (225242.25) (236973.37)
\
{dËVr` J{V{d{Y`m| go ewÜX ZH X àdmh:
(225242.25) (236973.37)
¢^;
ZH X Am¡a ZH X Ho g_Vwë` ewÜX na {dXoer _wÐm Xam| Hm à^md 8421.15 6650.56
"I

N #
ZH X Am¡a ZH X Ho g_Vwë` _| {Zdb d¥{ÜX 1949173.95 (1004860.43)
Net Increase in cash & cash equivalents
df© Ho àm§a^ _| ZH X Ed§ ZH X g_Vwë` 2269356.02 3274216.45
Cash and cash equivalents at the beginning of the year
df© Ho AV§ _| ZH X Ed§ ZH X g_Vwë` 4218529.97 2269356.02
Cash and cash equivalents at the end of the year
**~{hdm©h HmoðH ( ) _| {M{ÝhV {H ò Jò h¢
B ' ' PQ
304
304
62 nd Annual Report

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‘w§~B©… 14 OyZ, 2019

305
\ m‘© ~r-~rEg FORM B- BS

31 ‘mM©, 2019 VH$ ny±Or ‘moMZ ({ZYm©[aV dm{f©H$s g{hV) ì¶dgm¶ (J¡a gh^mJr) go g§~§{YV VwbZ nÌ
BALANCE SHEET AS AT 31st March, 2019
Capital Redemption (Including Annuity Certain) Business (Non Participating)
(` bmIm| ‘|)
(` in lakhs)
{ddaU AZwgy{M Hw$b Mmby df© Hw$b {nN>bo df©
Particulars Schedule CURRENT YEAR PREVIOUS YEAR
{Z{Y¶m| H$m ómoV
SOURCES OF FUNDS
eo¶a ny±Or
SHARE CAPITAL 5 0.00 0.00
nm°{bgr Xm{`Ëd
POLICY LIABILITY 18597.21 17909.48
Ama{jV{Z{Y Ed§ A{Yeof
ESERVES AND SURPLUS 5 35.56 35.56
ghr ‘yë¶ n[adV©Z boIm
FAIR VALUE CHANGE ACCOUNT 0.00 0.00
CYmar
BORROWINGS 7 0.00 0.00
^{dî¶ {d{Z¶moOZm| Ho$ {bE {Z{Y¶m±
FUNDS FOR FUTURE APPROPRIATIONS 0.00 0.00
Hw$b TOTAL 18632.77 17945.04
{Z{Y¶m| H$m à¶moJ
APPLICATION OF FUNDS
{Zdoe
INVESTMENTS 8 19593.31 20810.79
F$U
LOANS 9 0.00 0.00
AMb n[agån{Îm¶m±
FIXED ASSETS 10 0.00 0.00
Mmby n[agån{Îm¶m±
CURRENT ASSETS
amoH$‹S> Ed§ ~¢H$ ‘| A{Veof
Cash and Bank Balances 11 8.00 17.00
A{J«_ Ed§ AÝ` n[agån{Îm¶m±
Advances and Other Assets 12 495.52 493.55
Cn-¶moJ (H$)
Sub-Total (A) 503.52 510.55
Mmby Xm{¶Ëd
CURRENT LIABILITIES 13 1450.90 2377.52
àmdYmZ
PROVISIONS 14 13.16 998.78
Cn-¶moJ (I)
Sub-Total (B) 1464.06 3376.30
ewÕ Mmby n[agån{Îm¶m± (J)= (H - I)
NET CURRENT ASSETS (C) = (A - B) (960.54) (2865.75)
306
306
62 nd Annual Report
(` bmIm| ‘|)
(` in lakhs)
{d{dY ì¶¶
(Omo~QQo ImVo ‘| Z S>mbo JE hmo ¶m g‘m¶mo{OV Z {H ò Jò hm|)
MISCELLANEOUS EXPENDITURE
P N I¢ Q 15 0.00 0.00
bm^-hm{Z boIm ‘| Zm‘| eof (eo¶aYmaH$m| H$m ImVm)
;"++&%"%!B-:&B,,
ACCOUNT (Shareholders' Account) 0.00 0.00
Hw$b TOTAL 18632.77 17945.04

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‘w§~B©… 14 OyZ, 2019

307
\ m‘© ~r-AmaE FORM B- RA

31 ‘mM©, 2019 VH$ ny±Or ‘moMZ ({ZYm©[aV dm{f©H$s g{hV) ì¶dgm¶ (J¡a gh^mJr) go g§~§{YV amOñd boIm
REVENUE ACCOUNT FOR THE YEAR ENDED 31st March, 2019
(` bmIm| ‘|)
(` in lakhs)
1. A{O©X (ewÕ) àr‘r¶‘
Premiums earned (Net) 1 244.10 318.53
2. H$. {Zdoem| H$s {~H«$s / ‘moMZ go bm^
\
18.32 0.00
I. {Zdoem| H$s {~H«$s / ‘moMZ go hm{Z
+& \
(78.43) (84.34)
3. nm°{bgr Xm{`Ëd _o§ n{adV©Z
Change in Policy Liability 0.00 0.00
4. AÝ¶
Others
ã¶mO (\w Q>H$a) àmá
Interest (Sundry) received 0.00 0.00
ã¶mO Ed§ àr{‘¶‘
Interest on premium 0.87 2.63
5. ã¶mO Ed§ bm^m§e - Hw$b
:; 4$ 1674.80 2025.05
Hw$b (H$) TOTAL (A) 1859.66 2261.88
1. àXÎm Xmdo (ewÕ)
Claims incurred (Net) 2 704.53 4476.99
2. H$‘reZ
Commission 3 2.51 3.28
3. ~r‘m ì¶dgm¶ go g§~§{YV n[aMmbZ IM©
Operating Expenses related to Insurance Business 4 95.65 109.33
4. AÝ¶ - Others
g§{X½Y VWm AemoÜ¶ F$Um| Ho$ {bE àmdYmZ

+:;
; (15.71) 0.00
H$amYmZ Ho$ {bE àmdYmZ
Provision for Taxation 134.52 443.15
nm°brgr Xm{¶Ëd ‘| n[adV©Z
Change in Policy Liabilities 687.73 (3608.20)
nwZam§H$sV H$amYmZ Ho$ {bE àmdYmZ
Provision for taxation written back 0.00 0.00
Hw$b (I) TOTAL (B) 1609.23 1424.55
ny±Or ‘moMZ ({ZYm©[aV dm{f©H$s g{hV) ì¶dgm¶ go
n[aMmbZ bm^/(hm{Z) (H$)-(I)
B \P& Q
!
(including Annuity Certain ) Business (A) - (B) 250.43 837.32
308
308
62 nd Annual Report
(` bmIm| ‘|)
(` in lakhs)
{d{Z¶moOZ Appropriations
eo¶aYmaH$m| Ho$ ImVo ‘| A§VaU
Transfer to shareholders' Account 250.43 837.32
AmnmVH$m{bZ Ama{jV {Z{Y¶m| ‘| A§VaU
Transfer to Catastrophe Reserve 0.00 0.00
AÝ¶ Ama{jV {Z{Y¶m| ‘| A§VaU

B ! P Q 0.00 0.00
Hw$b (J) TOTAL (C) 250.43 837.32

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‘w§~B©… 14 OyZ, 2019

309
\ m‘© ~r-nrEb FORM B- PL

31 ‘mM©, 2019 H$mo g‘má df© Ho$ {b¶o ny±Or ‘moMZ ({ZYm©[aV dm{f©H$s g{hV) ì¶dgm¶ (J¡a gh^mJr) H$m bm^ hm{Z boIm
PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 31st March, 2019
(` bmIm| ‘|)
(` in lakhs)
{ddaU AZwgy{M
Particulars Schedule Hw$b Mmby df© Hw$b {nN>bo df©
CURRENT YEAR PREVIOUS YEAR
1. n[aMmbZ bm^/(hm{Z)
B \P& Q
(H$) A{¾ ~r‘m
(a) Fire Insurance 0.00 0.00
(I) g‘w{Ð¶ ~r‘m
(b) Marine Insurance 0.00 0.00
(J) {d{dY ~r‘m (ny±Or ‘moMZ({ZYm©[aV dm{f©H$s g{hV)
ì¶dgm¶ df© Ho$ {bE bm^ / hm{Z
(c) Miscellaneous Insurance(Capital Redemption 250.43 837.32
(including Annuity Certain) Business)
\&

2. {Zdoe go Am¶ Income from Investments
(H$) ã¶mO Ed§ bm^m§e - Hw$b
PQ #; :! 4$ 0.00 0.00
PQ \
0.00 0.00
KQ>mE§ … {Zdoe H r {~H«$s na hm{Z
Less:Loss on sale of Investments 0.00 0.00
3. AÝ¶ Am¶ Other Income 0.00 0.00
Hw$b (H$) TOTAL (A) 250.43 837.32
4. àmdYmZ (H$amYmZ Ho$ A{V[aº$)/Provisions (Other than taxation)
(H$) {Zdoe Ho$ ‘yë¶ ‘| (ewÕ) H$‘r Ho$ {bE
(a) For diminution in the value of investments (Net) 0.00 0.00
(I) g§{X½Y F$Um| Ho$ {bE
(b) For doubtful debts 0.00 0.00
(J) AÝ¶
(c) Others 0.00 0.00
5. AÝ¶ ì¶¶ - Other expenses
(H$) ~r‘m ì¶dgm¶ Ho$ grYo g§~§{YV IMm} Ho$ A{V[aº$ AÝ¶ IM©
(a) Expenses other than those related to Insurance Business 0.00 0.00
(I) ~Å>o ImVo ‘| S>mbo J¶o Sy>~o F$U
PQ+ I 0.00 0.00
(J) AÝ¶
(c)Others 0.00 0.00
Hw$b (I) TOTAL (B) 0.00 0.00
H$a nyd© bm^
N 250.43 837.32
H$amYmZ Ho$ {bE àmdYmZ Provision for Taxation 0.00 0.00
H$a ~mX bm^
N 250.43 837.32
{d{Z¶moOZ - APPROPRIATIONS
310
310
62 nd Annual Report
(` bmIm| ‘|)
(` in lakhs)
{ddaU AZwgy{M
Particulars Schedule Hw$b Mmby df© Hw$b {nN>bo df©
CURRENT YEAR PREVIOUS YEAR
(H$) df© Ho$ Xm¡amZ àXÎm AÝV[a‘ bm^m§e
(a) Interium Dividends paid during the year 0.00 0.00
(I) àñVm{dV A§{V‘ bm^m§e
PQ 250.43 837.32
(J) bm^m§e Am§~Q>Z na H$a
(c) Dividend distribution tax 0.00 0.00
(K) AmajU / AÝ¶ boIm H$mo A§VaU
PQ
\ 0.00 0.00
{nN>bo df© Ho$ AJ«o{fV bm^ / hm{Z
+
\

from last year 0.00 0.00
VwbZ nÌ H$mo AJ«o{fV bm^ / hm{Z*

^
~" 0.00 0.00

-!%\20G0M9A -!%\00/K3G,
g.H«$./M.No.033632 g.H«$./ M.No. 205702
-!%\009GK2%\%G0000H -!%\000KMG
g.H«$./M.No. 088810 g.H«$./M.No. 073124
}
-!%\000K09 -!%\L2202K" {ZJ‘ Ho$ gXñ¶
E{bg Or d¡X`Z
P-:Q
g.H«$./ M.No. 104126 g.H«$. M.No. 014854
-!%\00MMGL, -!%\202K/0A\A200LGG
g.H«$./M.No. 233399 g.H«$./M.No. 109859
gZXr boImH$ma
‘w§~B©… 14 OyZ, 2019

311
({ZYm©{aV dm{f©H$r g{hV) ì`dgm` (J¡a gh^mJr) ny±Or _moMZ Capital Redemption (including Annuity Certain) Business ( Non Participating)
g_mßV df© 31.03.2019 Ho$ {bE for the year ended 31.03.2019
AZwgyMr - 1 àr‘r¶‘ A{O©V ({Zdb)

SCHEDULE - 1 PREMIUM EARNED (NET)
(` bmIm| ‘|)
(` in lakhs)
1 àË¶j àr‘r¶‘ {b{IV ì¶mnma go
Premium from direct business written 244.10 318.53
OmoS>o … nwZ~u‘m na àr‘r¶‘ ñdrH$ma {H$E OmVo h¡
Add:Premium on reinsurance accepted 0.00 0.00
KQ>mE§ … nwZ~u‘m na àr‘r¶‘ A§V[aV
Less:Premium on reinsurance ceded 0.00 0.00
{Zdb àr‘r¶‘ - Net Premium 244.10 318.53
Hw$b àr‘r¶‘ A{O©V ({Zdb)-
Total Premium Earned (Net) 244.10 318.53
àr‘r¶‘ Am¶ {b{IV ì¶dgm¶ go
;; ;;
1 ^maV ‘|
In India 244.10 318.53
2 ^maV Ho$ ~mha
Outside India 0.00 0.00
Hw$b àr‘r¶‘ ({Zdb)-
Total Premium (Net) 244.10 318.53
AZwgyMr - 2 Xmdm IM© ({Zdb)

SCHEDULE -2 Claims incurred (Net)
(` bmIm| ‘|)
(` in lakhs)
Xmdo H$m ^wJVmZ - Claims Paid
grYm - Direct
‘¥Ë¶w - Death 9.51 9.50
n[an¹$Vm - Maturity 655.94 4349.57
dmfuH$s - Annuity 36.26 103.38
Aä¶n©U - Surrender 2.82 14.54
OmoS>o … ñdrH¥$V nwZ~u‘m
Add:Reinsurance accepted 0.00 0.00
KQ>mE§ … nwZ~u‘m A§V[aV
Less:Reinsurance Ceded 0.00 0.00
{Zdb Xmdo H$m ^wJVmZ - Net Claims paid 704.53 4476.99
Hw$b Xmdo IM© - Total Claims Incurred 704.53 4476.99
XmdoXmaH$m| H$mo ^wJVmZ {H$E JE Xmdo - Claims paid to claimants:
^maV ‘| - In India 704.53 4476.99
^maV Ho$ ~mha - Outside India 0.00 0.00
Hw$b Xmdo IM©- Total Claims Incurred 704.53 4476.99
312
312
62 nd Annual Report
AZwgyMr - 3 H$‘reZ
SCHEDULE -3 COMMISSION
(` bmIm| ‘|)
(` in lakhs)
àXÎm H$‘reZ - Commission paid
grYm - Direct 2.51 3.28
OmoS>o … ñdrH¥$V nwZ~u‘m na H$‘reZ
Add : Commission on Re-insurance Accepted 0.00 0.00
KQ>mE§ … A§V[aV nwZ~u‘m na H$‘reZ
Less: Commission on Re-insurance Ceded 0.00 0.00
{Zdb H$‘reZ
Net Commission 2.51 3.28
AZwgyMr - 4 ~r‘m ì¶dgm¶ go g§~§{YV n[aMmbZ ì¶¶

SCHEDULE -4 OPERATING EXPENSES RELATED TO INSURANCE BUSINESS
(` bmIm| ‘|)
(` in lakhs)
1 H$‘©Mm[a¶m| H$m n[al{‘H$ VWm H$ë¶mU bm^
" Z :
74.34 84.97
2 ¶mÌm, gdmar Ed§ dmhZ MmbZ ì¶¶
Travel,conveyance and vehicle running expenses 1.35 1.55
3 à{ejU ì¶¶ - Training expenses 0.00 0.00
4 {H$am¶m§, Xa| Ed§ H$a - ! # :N 2.32 2.65
5 ‘aå‘V - Repairs 0.80 0.91
6 ‘wÐU Ed§ boIm gm‘J«r 4: 0.91 1.04
7 g§gma ì¶¶ - Communication 2.33 2.66
8 {d{dY Ed§ ì¶mdgm{¶H$ à^ma
& :
0.05 0.06
9 boIm n[ajH$ ewëH$, ì¶¶ Am{X
Auditors' fees,expenses etc
(H$) boIm n[ajH$ Ho$ ê$n ‘|
(a) as auditor 0.20 0.23
(I) gbmhH$ma Ho$ ê$n ‘| ¶m {ZåZ g§~§Y ‘| {H$gr ^r j‘Vm ‘|
(b) as adviser or in any other capacity,in respect of
(i) H$amYmZ ‘m‘b| - Taxation Matters 0.00 0.00
(ii) ~r‘m ‘m‘bo - Insurance matters 0.00 0.00
(iii) à§dYZ godm§E, VWm - Management services; and 0.00 0.00
(J) {H$gr ^r AÝ¶ j‘Vm ‘|
(c) in any other capacity 0.00 0.00
Advertisement and publicity 0.00 0.00
:' 0.67 0.77
12 {d{dY ì¶¶ - Miscellaneous Expenses 11.01 12.58
{M{H$Ëgm ewëH$ - Medical Fees 0.00 0.00
~r‘m ñQ>±n/agrX ñQ>±n4, \! , 0.06 0.07
{~Obr ewëH$ -Electricity Charges 1.61 1.84
313
AZwgyMr - 4 Omar ~r‘m ì¶dgm¶ go g§~§{YV n[aMmbZ ì¶¶

SCHEDULE -4 (Contd.) OPERATING EXPENSES RELATED TO INSURANCE BUSINESS
(` bmIm| ‘|)
(` in lakhs)
ZdrH$aU Am¡a ì¶mnma bmBg|g Ho$ n§OrH$aU Ho$ {bE ewëH$
Fees for renewal and registration of trade licences 0.00 0.00
{Zdoe H$s g§n{Îm na ì¶¶ - Expenses on Investment Property 0.00 0.00
13 ‘yë¶èhmg - Depreciation 0.00 0.00
Hw$b - TOTAL 95.65 109.33
AZwgyMr - 6 Ama{jV {Z{Y Ed§ A{Yeof

SCHEDULE 6 RESERVES AND SURPLUS
(` bmIm| ‘|)
(` in lakhs)
Capital Reserve 0.00 0.00
Capital Redemption Reserve 0.00 0.00
3 eo¶a àr[‘¶‘
Share Premium 0.00 0.00
General Reserves
àma§{^H$ eof
Opening Balance 35.56 35.56
Additions during the year 0.00 0.00
BVa eof
Closing balance 35.56 35.56
KQ>mE§ … bm^-hm{Z boIo ‘| Zm‘| A{Yeof
& [; + :& 0.00 0.00
Account 0.00 0.00
KQ>mE§ … nwZ©IhaX Ho$ {bE à¶wº$ am{e
Less: Amount utilised for Buy-back 0.00 0.00
5 AmnmVH$m{bZ Ama{jV {Z{Y
Catastrophe Reserve 0.00 0.00
6 AÝ¶ Ama{jV {Z{Y
Other Reserves 0.00 0.00
7 bm^-hm{Z boIo ‘| eof bm^
+
& 0.00 0.00
Hw$b / Total 35.56 35.56
314
314

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62 nd Annual Report

As per our report of even date

For Khandelwal Jain & Co. For R. G. N. Price & Co.

For S. L. Chhajed & Co. For V. Singhi & Associates

For abm & associates LLP For B Gupta & Co.

< [2M?  #/029

eo¶aYmaH$m| H$s {Z{Y¶m±: SHAREHOLDERS' FUNDS:

eo¶a ny±Or SHARE CAPITAL 5 10000.00 0.00 0.00 0.00

Ama{jV{Z{Y Ed§ A{Yeof

O‘m/(Zm‘|) ghr ‘yë¶ n[adV©Z boIm

Cn-¶moJ / Sub-Total 38115.27 29753.09 0.00 0.00

CYmar BORROWINGS 7 0.00 0.00 0.00 0.00

nm°{bgrYmaH$m| H$s {Z{Y¶m± POLICYHOLDERS' FUNDS:

O‘m/(Zm‘|) ghr ‘yë¶ n[adV©Z boIm

~§X nm°{b{g¶m| Ho$ {b¶o {Z{Y

àr{‘¶‘ ^wJVmZ Zm H$aZo Ho$ H$maU amoH$ XoZm

AÝ` others 0.00 0.00 1906.95 0.00

g§~Õ Xm{¶Ëdm| Ho$ {bE àmdYmZ

Cn-¶moJ / Sub-Total 297390289.59 337736.77 7759546.93 5806.91

^{dî¶ {d{Z¶moOZm| Ho$ {bE {Z{Y¶m±

Hw$b/ TOTAL 297428404.86 367489.86 7759564.22 5806.91

{Z{Y¶m| H$m à¶moJ / APPLICATION OF FUNDS

eo¶aYmaH$m| Ho$ / Shareholders' 8 20856.33 42805.60 0.00 0.00

nm°{bgrYmaH$m| Ho$ /Policyholders' 8A 275033684.79 321261.40 0.00 0.00

g§~Õ Xm{¶Ëd a{jV H$aZo Ho$ {bE n[agån{V¶m±

Mmby df© {nN>bo df©

10000.00 10000.00 0.00 0.00 0.00 10000.00

55460.50 27202.82 25474.93 0.00 0.00 52677.75

2407.86 0.00 2359.50 0.00 0.00 2359.50

67868.36 37202.82 27834.43 0.00 0.00 65037.25

0.00 0.00 0.00 0.00 0.00 0.00

21677845.89 19356098.91 5903.94 311346.49 0.00 19673349.34

278671195.57 250123339.72 276574.65 2956428.72 114.61 253356457.70

3271.05 0.00 0.00 2403.77 0.00 2403.77

1906.95 0.00 0.00 2440.57 0.00 2440.57

978361.61 941003.92 28773.50 0.00 19.87 969797.29

4160799.13 0.00 0.00 5086812.90 5214.37 5092027.27

305493380.20 270420442.55 311252.09 8359432.45 5348.85 279096475.94

17.29 0.00 0.00 7.79 0.00 7.79

305561265.85 270457645.37 339086.52 8359440.24 5348.85 279161520.98

63661.93 20867.65 37712.10 0.00 0.00 58579.75

275354946.19 251262194.89 292761.82 0.00 0.00 251554956.71

7568137.19 0.00 0.00 8808227.66 5130.67 8813358.33

F$U / LOANS 9 10412341.20 18436.53 1477.29 0.00

AMb n[agån{Îm¶m± FIXED ASSETS 10 286813.89 1586.19 0.00 0.00

Mmby n[agån{Îm¶m± CURRENT ASSETS

Cn-¶moJ (H$) Sub-Total (A) 17394260.98 9778.06 69621.34 0.00

Mmby Xm{¶Ëd CURRENT LIABILITIES 13 3959521.81 26043.30 (125935.86) (199.45)

àmdYmZ PROVISIONS 14 1760030.52 334.62 0.00 0.00

Cn-¶moJ /Sub-Total (B) 5719552.33 26377.92 (125935.86) (199.45)

ewÕ Mmby n[agån{Îm¶m± J), (H - I)

{d{dY ì¶¶ (Omo~QQo ImVo ‘| Z S>mbo JE hmo ¶m g‘m¶mo{OV Z {H `o J`o hm|)

bm^-hm{Z boIm ‘| Zm‘| eof (eo¶aYmaH$m| H$m ImVm)

Hw$b / Total 297428404.86 367489.86 7759564.22 5806.91

Contingent Liabilities (AmH$pñ_H$ Xo`VmE§) 15 A (B) 1.

‘hÎdnyU© boIZr{V¶m± VWm boImo H$r {Q>ßn{U¶m± 15 H$

h_mar Cg VmarI dmbr {anmoQ© Ho$ AZwgma

Mmby df© {nN>bo df©

10432255.02 10257559.02 15678.34 1742.97 0.00 10274980.33

288400.08 273467.44 1418.71 0.00 0.00 274886.15

4217812.58 2255348.21 10604.73 2100.11 0.00 2268053.05

13255847.80 11181001.26 5137.51 67995.59 0.00 11254134.36

17473660.38 13436349.47 15742.24 70095.70 0.00 13522187.41

<[2M? #/029

(H$) Hw$b (a) Gross 16965699.92 2631030.11 99832.08 2646571.78