Kotak Mahindra Life Insurance Co. Ltd. - Q1 2020-21

FORM L-A-RA
KOTAK MAHINDRA LIFE INSURANCE COMPANY LIMITED
Registration No: 107; Date of Registration: January 10, 2001

SEGMENT-WISE REVENUE ACCOUNT FOR THE QUARTER ENDED SEPTEMBER, 2020 (Audited)
Policyholders' Account (Technical Account)
(Amounts in thousands of Indian Rupees)
Non -Life Non- Pension Non-

Pension Life Non General Unit Linked
Schedule Life Participating Participating Participating Participating Unit Linked Total
Participating Participating Annuity Pension
Pension Variable(VIP) Variable(VIP)
Premiums earned - net
First Year Premium 21,81,051 29,428 15,24,436 19,01,946 (5,84,281) (9,64,890) - 24,07,315 61,931 65,56,936
Renewal Premium 46,73,861 25,881 57,02,862 - - - - 26,98,754 12,411 1,31,13,769
Single Premium - 6,728 17,99,981 - - - 7,95,045 17,35,118 - 43,36,872
(a) Premium Income L-4 68,54,912 62,037 90,27,279 19,01,946 (5,84,281) (9,64,890) 7,95,045 68,41,187 74,342 2,40,07,577
(b) Reinsurance Ceded (4,846) (26) (4,78,178) - (1) - - (20,797) (3) (5,03,851)
(c) Reinsurance accepted - - - - - - - - - -
SUB-TOTAL 68,50,066 62,011 85,49,101 19,01,946 (5,84,282) (9,64,890) 7,95,045 68,20,390 74,339 2,35,03,726
Income from Investments

Interest, dividend & rent 14,29,111 27,085 19,38,556 66,346 13,896 22,641 1,01,245 15,39,496 89,342 52,27,718
Premium on investments amortized(Net) (10,203) (187) (11,520) (10,865) (281) (1,730) (456) 4,012 554 (30,676)
(a) Interest, Dividends and Rent Gross 14,18,908 26,898 19,27,036 55,481 13,615 20,911 1,00,789 15,43,508 89,896 51,97,042
(b) Profit on sale/redemption of investments 1,17,652 831 1,59,295 47,542 22,528 77,967 - 26,15,208 2,31,813 32,72,836
(c) (Loss on sale/redemption of investments) (1,364) (237) (1,460) (61) - (1,498) - (6,11,126) (38,763) (6,54,509)
(d) Transfer/ Gain on revaluation/change in fair value* - - - - - - - 43,55,569 (1,16,540) 42,39,029
SUB-TOTAL 15,35,196 27,492 20,84,871 1,02,962 36,143 97,380 1,00,789 79,03,159 1,66,406 1,20,54,398
Contribution from Shareholder's Account - - - (6,068) - - (2,085) - - (8,153)
Contribution from Shareholders’ Account towards Excess EOM

Other Income
(a) Miscellaneous income 9,440 99 10,511 (148) 527 1,831 598 17,013 719 40,590
(b) Income on Unclaimed amount of Policyholders - - - - - - - 3,877 - 3,877
(c) Profit/(Loss) on sale/disposal of fixed assets (Net) (1,831) (17) (2,253) (628) 201 451 (217) (1,943) (16) (6,253)
SUB-TOTAL 7,609 82 8,258 (776) 728 2,282 381 18,947 703 38,214
TOTAL(A) 83,92,871 89,585 1,06,42,230 19,98,064 (5,47,411) (8,65,228) 8,94,130 1,47,42,496 2,41,448 3,55,88,185
Commission
First Year Premium 3,09,371 1,250 1,91,758 - - - - 18,597 - 5,20,976
Renewal Premium 1,68,740 382 2,11,530 - - - - 42,618 150 4,23,420
Single Premium - 59 35,344 - - - 10,317 33,519 - 79,239
Commission on Reinsurance Ceded - - - - - - - - - -
Commission L-5 4,78,111 1,691 4,38,632 - - - 10,317 94,734 150 10,23,635
Rewards 24,878 120 14,500 - - - - 1,458 - 40,956
Total Commission including Rewards 5,02,989 1,811 4,53,132 - - - 10,317 96,192 150 10,64,591
Operating Expenses related to Insurance business L-6 19,01,457 2,911 10,64,583 4,898 3 - 44,958 3,10,102 2,712 33,31,624
GST and Service Tax Expenditure on linked charges - - - - - - - 1,63,051 1,335 1,64,386
Provision for doubtful debts - - - - - - - - - -
Bad debts written off - - - - - - - - - -
Provision for Tax 2,83,638 - 1,31,833 - 4,546 - - 54,001 - 4,74,018
Provisions (other than taxation)
(a) Diminution in the value of investments(Net) 25,555 - 2,59,977 - - - - - - 2,85,532
(b) For standard loan assets (10) - (14) - - - - - - (24)
TOTAL(B) 27,13,629 4,722 19,09,511 4,898 4,549 - 55,275 6,23,346 4,197 53,20,127
Claims by Death 1,66,440 286 30,63,782 - 5 - 9,712 1,16,932 4,406 33,61,563
Annuities/Pension payment - - - - - - 69,274 - - 69,274
Maturity claims, survival benefits, surrender and rider benefits. 13,96,289 9,533 2,92,460 1,54,085 2,883 91,690 (340) 35,31,817 10,65,240 65,43,657
Reinsurance :-Claims by death (2,113) - (6,64,661) - - - - (3,711) - (6,70,485)
Benefits paid (net) L-7 15,60,616 9,819 26,91,581 1,54,085 2,888 91,690 78,646 36,45,038 10,69,646 93,04,009
Interim & Terminal Bonuses paid 1,04,708 572 - - - - - - - 1,05,280
Change in valuation of Liability in respect of Life policies - - - - - - - - - -
(a) Gross ** 38,41,268 57,740 55,58,379 18,13,652 (5,79,253) (10,40,664) 7,26,120 82,755 (31,476) 1,04,28,521
(b) Amount ceded in reinsurance - - (2,21,051) - - - - (0) - (2,21,051)
(c) Amount accepted in reinsurance - - - - - - - - - -
Provision for Linked Liabilities & Funds for Discontinued Policies - - - - - - - 1,01,04,953 (8,64,478) 92,40,475
TOTAL( C) 55,06,592 68,131 80,28,909 19,67,737 (5,76,365) (9,48,974) 8,04,766 1,38,32,746 1,73,692 2,88,57,234
SURPLUS/(DEFICIT) (D)=(A)-(B)-(C) 1,72,650 16,732 7,03,810 25,429 24,405 83,746 34,089 2,86,404 63,559 14,10,824
APPROPRIATIONS
Transfer to Shareholders' Account - - - - - - - - - -
Transfer to Other Reserve - - - - - - - - - -
Funds for Future Appropriations -Provision for lapsed policies unlikely to - - - - - - - - - -
be revived
Balance being Funds for Future Appropriations 1,72,650 16,732 7,03,810 25,429 24,405 83,746 34,089 2,86,404 63,559 14,10,824
TOTAL(D) 1,72,650 16,732 7,03,810 25,429 24,405 83,746 34,089 2,86,404 63,559 14,10,824
SURPLUS/(DEFICIT) BROUGHT FORWARD - - - - - - - - -
Surplus after Appropriation 1,72,650 16,732 7,03,810 25,429 24,405 83,746 34,089 2,86,404 63,559 14,10,824
SURPLUS/(DEFICIT) CARRIED FORWARD TO BALANCE SHEET 1,72,650 16,732 7,03,810 25,429 24,405 83,746 34,089 2,86,404 63,559 14,10,824
(a) Interim & Terminal Bonuses Paid 1,04,708 572 - - - - - - - 1,05,280
(b) Allocation of Bonus to Policyholders - - - - - - - - - -
(c) Surplus/ (Deficit) shown in the Revenue Account 1,72,650 16,732 7,03,810 25,429 24,405 83,746 34,089 2,86,404 63,559 14,10,824
Total Surplus: [(a) + (b) + (c)] 2,77,358 17,304 7,03,810 25,429 24,405 83,746 34,089 2,86,404 63,559 15,16,104
The Schedules are an integral part of this Revenue Account.
* represents the deemed realised gain as per norms specified by the Authority.
** represents Mathematical Reserves after allocation of bonus.
FORM L-A-RA
SEGMENT-WISE REVENUE ACCOUNT FOR THE PERIOD ENDED SEPTEMBER, 2020 (Audited)
-Life Non- Pension Non-

Life Pension Life Non Pension Non General Unit Linked
Particulars Schedule Participating Participating Unit Linked Total
Participating Participating Participating Participating Annuity Pension
Variable(VIP) Variable(VIP)
First Year Premium 35,66,891 55,526 27,93,668 36,18,355 (11,55,088) (25,94,007) - 36,86,931 67,820 1,00,40,096
Renewal Premium 69,99,851 32,532 75,50,029 - - - - 49,13,576 23,924 1,95,19,912
Single Premium - 9,023 26,52,059 - - - 12,49,921 26,01,668 - 65,12,671
(a) Premium Income L-4 1,05,66,742 97,081 1,29,95,756 36,18,355 (11,55,088) (25,94,007) 12,49,921 1,12,02,175 91,744 3,60,72,679
(b) Reinsurance Ceded (8,021) (45) (8,99,634) - (1) - - (38,117) (7) (9,45,825)
SUB-TOTAL 1,05,58,721 97,036 1,20,96,122 36,18,355 (11,55,089) (25,94,007) 12,49,921 1,11,64,058 91,737 3,51,26,854

Interest, dividend & rent 27,89,838 52,411 37,94,369 1,03,995 52,434 83,143 1,88,984 28,19,918 1,84,342 1,00,69,434
Premium on investments amortized(Net) (24,303) (393) (26,688) (14,274) (3,831) (8,489) (1,299) 8,602 1,014 (69,661)
(a) Interest, Dividends and Rent Gross 27,65,535 52,019 37,67,681 89,720 48,604 74,654 1,87,685 28,28,519 1,85,356 99,99,773
(b) Profit on sale/redemption of investments 6,61,335 4,714 2,49,894 55,514 78,140 1,18,040 - 49,21,818 3,72,207 64,61,662
(c) (Loss on sale/redemption of investments) (1,60,611) (2,976) (1,52,766) (101) - (1,720) - (29,38,753) (1,03,086) (33,60,013)
(d) Transfer/ Gain on revaluation/change in fair value* - - - - - - - 1,73,84,440 1,99,680 1,75,84,120
SUB-TOTAL 32,66,259 53,757 38,64,809 1,45,133 1,26,744 1,90,974 1,87,685 2,21,96,024 6,54,157 3,06,85,542
Contribution from Shareholder's Account - - - - - - - - - -
- - - - - - - - - -
Contribution from Shareholders’ Account towards Excess EOM
Other Income - - - - - - - - - -
(a) Miscellaneous income 10,925 109 11,658 324 370 1,383 723 18,193 727 44,412
(c) Profit/(Loss) on sale/disposal of fixed assets (Net) (1,826) (17) (2,246) (625) 200 448 (216) (1,936) (16) (6,234)
SUB-TOTAL 9,099 92 9,412 (301) 570 1,831 507 23,674 711 45,595
TOTAL(A) 1,38,34,079 1,50,885 1,59,70,343 37,63,187 (10,27,775) (24,01,202) 14,38,113 3,33,83,756 7,46,605 6,58,57,991
Commission
Renewal Premium 2,41,680 482 2,43,947 - - - - 76,936 273 5,63,318
Single Premium - 92 61,676 - - - 16,872 49,997 - 1,28,637
Commission L-5 7,90,762 3,427 6,16,219 - - - 16,872 1,58,742 273 15,86,295
30,966 161 17,517 - - - - 1,794 - 50,438
Rewards
8,21,728 3,588 6,33,736 - - - 16,872 1,60,536 273 16,36,733
Total Commission including Rewards
Operating Expenses related to Insurance business L-6 36,34,679 6,840 21,37,141 16,649 4 1 67,459 5,83,380 3,176 64,49,329
Provision for Tax 5,05,384 - 2,53,042 - 8,006 - - 1,13,801 - 8,80,233
Provisions (other than taxation) - - - - - - -
(a) Diminution in the value of investments(Net) (5,768) - 2,25,771 - - - - - - 2,20,003
TOTAL(B) 49,56,003 10,428 32,49,661 16,649 8,010 1 84,331 11,66,957 6,723 94,98,763
Claims by Death 2,39,754 286 41,69,650 - 10 - 22,100 1,80,108 7,869 46,19,777
Annuities/Pension payment - - - - - - 1,17,719 - - 1,17,719
Maturity claims, survival benefits, surrender and rider benefits. 21,43,710 14,989 4,29,677 8,23,365 8,09,765 94,579 329 61,76,592 14,59,926 1,19,52,932
Reinsurance :-Claims by death (4,248) - (9,61,147) - - - - (10,370) - (9,75,765)
Benefits paid (net) L-7 23,79,216 15,275 36,38,180 8,23,365 8,09,775 94,579 1,40,148 63,46,330 14,67,795 1,57,14,663
Interim & Terminal Bonuses paid 1,58,696 1,194 - - - - - - - 1,59,890
(a) Gross ** 58,61,841 97,415 81,03,653 28,97,744 (18,89,671) (26,29,156) 11,79,545 1,57,672 (34,691) 1,37,44,352
(b) Amount ceded in reinsurance - - (4,15,319) - - - - (0) - (4,15,319)
Provision for Linked Liabilities & Funds for Discontinued Policies - - - - - - - 2,50,85,804 (8,01,819) 2,42,83,985
TOTAL( C) 83,99,753 1,13,884 1,13,26,514 37,21,109 (10,79,896) (25,34,577) 13,19,693 3,15,89,806 6,31,285 5,34,87,571
SURPLUS/(DEFICIT) (D)=(A)-(B)-(C) 4,78,323 26,573 13,94,168 25,429 44,111 1,33,374 34,089 6,26,993 1,08,597 28,71,657
APPROPRIATIONS
be revived
Balance being Funds for Future Appropriations 4,78,323 26,573 13,94,168 25,429 44,111 1,33,374 34,089 6,26,993 1,08,597 28,71,657
TOTAL(D) 4,78,323 26,573 13,94,168 25,429 44,111 1,33,374 34,089 6,26,993 1,08,597 28,71,657
SURPLUS/(DEFICIT) BROUGHT FORWARD 21,52,407 3,49,280 - - - - - - - 25,01,687
Surplus after Appropriation 4,78,323 26,573 13,94,168 25,429 44,111 1,33,374 34,089 6,26,993 1,08,597 28,71,657
SURPLUS/(DEFICIT) CARRIED FORWARD TO BALANCE SHEET 26,30,730 3,75,853 13,94,168 25,429 44,111 1,33,374 34,089 6,26,993 1,08,597 53,73,344
(a) Interim & Terminal Bonuses Paid 1,58,696 1,194 - - - - - - - 1,59,890
(c) Surplus/ (Deficit) shown in the Revenue Account 4,78,323 26,573 13,94,168 25,429 44,111 1,33,374 34,089 6,26,993 1,08,597 28,71,657
Total Surplus: [(a) + (b) + (c)] 6,37,019 27,767 13,94,168 25,429 44,111 1,33,374 34,089 6,26,993 1,08,597 30,31,547
FORM L-1-A-RA

SEGMENT-WISE REVENUE ACCOUNT FOR THE QUARTER ENDED SEPTEMBER, 2019 (Audited)

Life Pension Life Non Non Participating Unit Linked
Particulars Schedule Participating Participating General Annuity Unit Linked Total
Participating Participating Participating Pension Pension
First Year Premium 15,12,679 12,048 15,04,500 - 3,85,220 14,72,395 - 17,13,864 2,15,711 68,16,417
Renewal Premium 38,49,803 13,974 44,12,586 - - - - 25,47,777 52,567 1,08,76,707
Single Premium - (558) 25,69,008 - - - 6,42,708 9,99,822 - 42,10,980
(a) Premium Income L-4 53,62,482 25,464 84,86,094 - 3,85,220 14,72,395 6,42,708 52,61,463 2,68,278 2,19,04,104
(b) Reinsurance Ceded (3,431) (22) (3,04,118) - - - - (18,491) (3) (3,26,065)
SUB-TOTAL 53,59,051 25,442 81,81,976 - 3,85,220 14,72,395 6,42,708 52,42,972 2,68,275 2,15,78,039
-
Income from Investments -
Interest, dividend & rent 11,35,281 22,684 14,31,786 - 62,100 1,23,145 44,177 14,51,052 1,09,012 43,79,237
Premium on investments amortized(Net) (506) (221) 6,232 - 2,577 3,813 (250) 8,466 790 20,901
(a) Interest, Dividends and Rent Gross 11,34,775 22,463 14,38,018 - 64,677 1,26,958 43,927 14,59,518 1,09,802 44,00,138
(b) Profit on sale/redemption of investments 1,41,775 3,680 2,37,742 - 25,160 51,103 - 15,65,340 1,19,418 21,44,218
(c)Loss on sale/redemption of investments (22,303) (64) (1,153) - - - - (13,22,817) (67,609) (14,13,946)
(d) Transfer/ Gain on revaluation/change in fair value* - - - - - - - 13,188 (53,625) (40,437)
SUB-TOTAL 12,54,247 26,079 16,74,607 - 89,837 1,78,061 43,927 17,15,229 1,07,986 50,89,973
-
Contribution from Shareholder's Account - - - - - - 26,893 - - 26,893
Contribution from Shareholders’ Account towards Excess EOM - - - - - - - - - -
Other Income - - - - - - - - - -
(a) Miscellaneous income 1,050 1 565 - 14 53 26 324 22 2,055
(b) Profit/(Loss) on sale/disposal of fixed assets (Net) 531 2 892 - 48 182 56 557 30 2,298
SUB-TOTAL 1,581 3 1,457 - 62 235 82 4,998 52 8,470
TOTAL(A) 66,14,879 51,524 98,58,040 - 4,75,119 16,50,691 7,13,610 69,63,199 3,76,313 2,67,03,375
Commission
First Year Premium 3,55,459 763 3,62,077 - - - - 22,637 - 7,40,936
Renewal Premium 1,36,018 178 1,60,033 - - - - 39,353 692 3,36,274
Single Premium - (11) 59,826 - - - 11,021 19,135 - 89,971
Commission L-5 4,91,477 930 5,81,936 - - - 11,021 81,125 692 11,67,181
Rewards 23,911 15 45,344 - 118 452 400 4,465 402 75,107
Total Commission including Rewards 5,15,388 945 6,27,280 - 118 452 11,421 85,590 1,094 12,42,288
Operating Expenses related to Insurance business L-6 13,35,781 1,021 20,04,898 - 2,579 9,844 28,024 3,33,913 10,572 37,26,632
Provision for Tax 51,446 - 1,19,953 - 4,352 - - (2,477) - 1,73,274
Provisions (other than taxation) - - - - - - - - - -
(a) Diminution in the value of investments(Net) (103) - 61,102 - - - - - - 60,999
TOTAL(B) 19,02,507 1,966 28,13,225 - 7,049 10,296 39,445 5,65,171 15,570 53,55,229
Claims by Death 1,15,563 665 17,52,320 - 15 - 5,870 63,082 6,141 19,43,656
Maturity claims, survival benefits, surrender and rider benefits. 7,30,891 9,839 1,73,334 - 25,643 3,54,870 187 33,63,335 5,15,521 51,73,620
Reinsurance :-Claims by death (4,923) - (2,19,058) - - - - 8,056 - (2,15,925)
Benefits paid (net) L-7 8,41,531 10,504 17,06,596 - 25,658 3,54,870 31,091 34,34,473 5,21,662 69,26,385
Interim & Terminal Bonuses paid 58,186 713 - - - - - - - 58,899
(a) Gross ** 35,27,252 20,472 47,93,905 - 4,20,844 12,40,499 6,43,074 (43,590) (3,970) 1,05,98,486
(b) Amount ceded in reinsurance - - (81,984) - - - - 2 - (81,982)
Provision for Linked Liabilities & Funds for Discontinued Policies - - - - - - - 26,73,954 (1,80,187) 24,93,767
TOTAL( C) 44,26,969 31,689 64,18,517 - 4,46,502 15,95,369 6,74,165 60,64,839 3,37,505 1,99,95,555
SURPLUS/(DEFICIT) (D)=(A)-(B)-(C) 2,85,403 17,869 6,26,298 - 21,568 45,026 - 3,33,189 23,238 13,52,591
APPROPRIATIONS - - - - - - - - - -
be revived
Balance being Funds for Future Appropriations 2,85,403 17,869 6,26,298 - 21,568 45,026 - 3,33,189 23,238 13,52,591
TOTAL (D) 2,85,403 17,869 6,26,298 - 21,568 45,026 - 3,33,189 23,238 13,52,591
SURPLUS/(DEFICIT) BROUGHT FORWARD - - - - - - - - - -
Surplus after Appropriation 2,85,403 17,869 6,26,298 - 21,568 45,026 - 3,33,189 23,238 13,52,591
SURPLUS/(DEFICIT) CARRIED FORWARD TO BALANCE SHEET 2,85,403 17,869 6,26,298 - 21,568 45,026 - 3,33,189 23,238 13,52,591
(a) Interim & Terminal Bonuses Paid 58,186 713 - - - - - - - 58,899
(c) Surplus/ (Deficit) shown in the Revenue Account 2,85,403 17,869 6,26,298 - 21,568 45,026 - 3,33,189 23,238 13,52,591
Total Surplus: [(a) + (b) + (c)] 3,43,589 18,582 6,26,298 - 21,568 45,026 - 3,33,189 23,238 14,11,490
FORM L-1-A-RA
SEGMENT-WISE REVENUE ACCOUNT FOR THE PERIOD ENDED SEPTEMBER, 2019 (Audited)

Life Pension Life Non Pension Non General Unit Linked
Particulars Schedule Participating Participating Unit Linked Total
Participating Participating Participating Participating Annuity Pension
First Year Premium 24,58,466 16,858 23,68,884 - 8,43,818 32,33,412 - 29,13,779 4,24,526 1,22,59,743
Renewal Premium 61,91,473 22,995 68,63,468 - - - - 47,39,954 80,910 1,78,98,800
Single Premium - 3,827 56,12,417 - - - 8,67,950 16,63,872 - 81,48,066
(a) Premium Income L-4 86,49,939 43,680 1,48,44,769 - 8,43,818 32,33,412 8,67,950 93,17,605 5,05,436 3,83,06,609
(b) Reinsurance Ceded (6,744) (39) (6,33,183) - - - - (31,707) (7) (6,71,680)
SUB-TOTAL 86,43,195 43,641 1,42,11,586 - 8,43,818 32,33,412 8,67,950 92,85,898 5,05,429 3,76,34,929

Interest, dividend & rent 22,33,669 45,372 28,24,899 - 1,19,822 2,23,831 79,996 27,43,852 2,12,119 84,83,560
Premium on investments amortized(Net) 8,882 (360) 25,281 - 5,315 8,547 (361) 13,698 1,398 62,400
(a) Interest, Dividends and Rent Gross 22,42,551 45,012 28,50,180 - 1,25,137 2,32,378 79,635 27,57,550 2,13,517 85,45,960
(b) Profit on sale/redemption of investments 3,36,197 5,184 3,18,897 - 60,529 1,13,552 - 48,59,716 3,69,906 60,63,981
(c)Loss on sale/redemption of investments (23,537) (64) (4,592) - (296) - - (20,57,829) (1,02,830) (21,89,148)
(d) Transfer/ Gain on revaluation/change in fair value* - - - - - - - (5,21,889) (1,52,212) (6,74,101)
SUB-TOTAL 25,55,211 50,132 31,64,485 - 1,85,370 3,45,930 79,635 50,37,548 3,28,381 1,17,46,692
Contribution from Shareholder's Account - - - - - - 57,198 - - 57,198

Contribution from Shareholders’ Account towards Excess EOM - - - - - - - - - -
Other Income
(a) Miscellaneous income 1,909 3 1,115 - 35 133 36 593 42 3,866
(b) Profit/(Loss) on sale/disposal of fixed assets (Net) 627 3 1,077 - 61 234 63 676 37 2,778
SUB-TOTAL 2,536 6 2,192 - 96 367 99 9,487 79 14,862
TOTAL(A) 1,12,00,942 93,779 1,73,78,263 - 10,29,284 35,79,709 10,04,882 1,43,32,933 8,33,889 4,94,53,681
Commission
Renewal Premium 2,13,939 282 2,30,224 - - - - 72,464 1,019 5,17,928
Single Premium - 77 1,29,633 - - - 14,254 31,557 - 1,75,521
Commission L-5 7,79,542 1,466 8,69,129 - - - 14,254 1,43,760 1,019 18,09,170
33,133 22 70,482 - 204 782 530 6,909 795 1,12,857
Rewards
8,12,675 1,488 9,39,611 - 204 782 14,784 1,50,669 1,814 19,22,027
Total Commission including Rewards
Operating Expenses related to Insurance business L-6 25,44,722 2,002 36,91,157 - 5,507 21,055 44,590 7,20,142 26,790 70,55,965
Provision for Tax 90,727 - 2,27,949 - 9,173 - - 3,703 - 3,31,552
Provisions (other than taxation)
(a) Diminution in the value of investments(Net) 10,904 - 89,399 - - - - - - 1,00,303
TOTAL(B) 34,59,017 3,490 49,48,100 - 14,884 21,837 59,374 11,67,150 36,749 97,10,601
Claims by Death 2,49,004 824 34,29,004 - 19 - 6,941 1,31,022 22,631 38,39,445
Maturity claims, survival benefits, surrender and rider benefits. 13,18,029 16,328 3,35,743 - 3,77,037 3,72,889 222 67,18,741 9,26,746 1,00,65,735
Reinsurance :-Claims by death (3,402) - (4,61,192) - - - - 23,471 - (4,41,123)
Benefits paid (net) L-7 15,63,631 17,152 33,03,555 - 3,77,056 3,72,889 52,166 68,73,234 9,49,377 1,35,09,060
Interim & Terminal Bonuses paid 1,00,331 1,010 - - - - - - - 1,01,341
Change in valuation of Liability in respect of Life policies
(a) Gross ** 55,37,035 39,496 80,32,048 - 5,86,860 30,90,959 8,93,342 17,608 2,215 1,81,99,563
(b) Amount ceded in reinsurance - - (1,92,289) - - - - 2 - (1,92,287)
Provision for Linked Liabilities & Funds for Discontinued Policies - - - - - - - 57,23,962 (1,83,258) 55,40,704
TOTAL( C) 72,00,997 57,658 1,11,43,314 - 9,63,916 34,63,848 9,45,508 1,26,14,806 7,68,334 3,71,58,381
SURPLUS/(DEFICIT) (D)=(A)-(B)-(C) 5,40,928 32,631 12,86,849 - 50,484 94,024 - 5,50,977 28,806 25,84,699
APPROPRIATIONS
be revived
Balance being Funds for Future Appropriations 5,40,928 32,631 12,86,849 - 50,484 94,024 - 5,50,977 28,806 25,84,699
TOTAL (D) 5,40,928 32,631 12,86,849 - 50,484 94,024 - 5,50,977 28,806 25,84,699
SURPLUS/(DEFICIT) BROUGHT FORWARD 24,55,101 3,06,590 - - - - - - - 27,61,691
Surplus after Appropriation 5,40,928 32,631 12,86,849 - 50,484 94,024 - 5,50,977 28,806 25,84,699
SURPLUS/(DEFICIT) CARRIED FORWARD TO BALANCE SHEET 29,96,029 3,39,221 12,86,849 - 50,484 94,024 - 5,50,977 28,806 53,46,390
(a) Interim & Terminal Bonuses Paid 1,00,331 1,010 - - - - - - - 1,01,341
(c) Surplus/ (Deficit) shown in the Revenue Account 5,40,928 32,631 12,86,849 - 50,484 94,024 - 5,50,977 28,806 25,84,699
Total Surplus: [(a) + (b) + (c)] 6,41,259 33,641 12,86,849 - 50,484 94,024 - 5,50,977 28,806 26,86,040
FORM L-2-A-PL
Registration No: 107; Date of registration: January 10, 2001

PROFIT AND LOSS ACCOUNT FOR THE PERIOD ENDED SEPTEMBER, 2020
Shareholders’ Account (Non-technical Account)
For the quarter ended Upto the quarter For the quarter ended Upto the quarter
on 30th September ended on 30th on 30th September ended on 30th
Particulars Schedule
2020 September 2020 2019 September 2019
(Audited) (Audited) (Audited) (Audited)
Amounts transferred from Policyholders’ Account (Technical Account) - - - -

(a) Interest, Dividends and Rent Gross- Net of amortisation 6,25,707 11,82,582 5,22,591 9,98,544
(b) Profit on sale/ redemption of investments 15,439 23,729 12,054 12,054
(c) (Loss on sale/ redemption of investments) - - - -
6,41,146 12,06,311 5,34,645 10,10,598
Other Income 1,900 1,900 - -
TOTAL (A) 6,43,046 12,08,211 5,34,645 10,10,598
Expenses other than those directly related to the insurance business L-6A 46,852 51,348 5,251 9,846
Contribution to the Policyholders account towards Excess EOM - -
Managerial Remuneration over and above the specified limit - - 10,939 10,939
Bad debts written off - -
Provisions (other than taxation) - -
(a) For diminution in the value of investments (Net) 2,345 3,449 333 (75)
(b) Provision for doubtful debts - - - -
(c) Others - - - -
Corporate Social Responsibilitty Expenditure 20,454 21,690 18,750 18,750
Contribution to the Policyholders Fund (8,153) - 26,893 57,198
TOTAL (B) 61,498 76,487 62,166 96,658
Profit before tax 5,81,548 11,31,724 4,72,479 9,13,940
Provision for taxation
- Current Year 90,467 1,73,855 81,348 1,48,755
- Deferred tax charge / (credit) - - - -
Profit after tax 4,91,081 9,57,869 3,91,131 7,65,185
Appropriations
(a) Balance at the beginning of the period/year - 2,79,12,133 - 2,18,30,354
(b) Interim dividends paid during the year - - - -
(c) Proposed final dividend - - - -
(d) Tax on dividend distributed - - - -
(e) Transfer to reserves/ other accounts - - - -
Profit/(Loss) carried to the Balance Sheet 4,91,081 2,88,70,002 3,91,131 2,25,95,539

The Schedules are an integral part of this Profit and Loss Account.
Earnings Per Share (Basic and Diluted) (`) 0.96 1.88 0.77 1.50
Nominal value per share (`) 10.00 10.00 10.00 10.00
FORM L-3-A-BS

Registration No: 107; Date of registration: January 10, 2001
BALANCE SHEET AS AT SEPTEMBER, 2020

As at As at
Particulars Schedule September, 2020 September, 2019
(Audited) (Audited)
SOURCES OF FUNDS
Shareholders’ Funds:
Share Capital L-8 & L-9 51,02,902 51,02,902
Reserves and Surplus L-10 2,93,90,365 2,31,15,902
Credit/[Debit] Fair Value Change Account (5,111) -
Sub-Total 3,44,88,156 2,82,18,804
Borrowings L-11 - -
Policyholders’ Funds:
Credit/[Debit] Fair Value Change Account (2,92,945) 20,91,327
Revaluation Reserve - Investment Property 4,33,139 3,40,921
Policy Liabilities 19,19,36,159 14,96,83,837
Insurance Reserves - -
Provision for Linked Liabilities 15,25,61,503 14,14,95,092
Funds for Discontinued policies
- Discontinued on account of non-payment of premium 51,97,674 34,41,757
- Others - -
Sub-Total 34,98,35,530 29,70,52,934
Funds for Future Appropriation:- Linked Liabilities - -
Funds for Future Appropriations - 25,01,687 27,61,691
- Life Participating 21,52,402 24,55,095
- Pension Participating 3,49,285 3,06,596
Surplus in Revenue Account 28,71,657 25,84,699
Sub-Total 53,73,344 53,46,390

Total 38,96,97,030 33,06,18,128
APPLICATION OF FUNDS
Investments
– Shareholders’ L-12 3,38,45,483 2,76,37,114
– Policyholders’ L-13 20,11,00,368 15,77,00,912
Assets Held to Cover Linked Liabilities L-14 15,77,59,177 14,49,36,849
Loans L-15 9,39,670 9,39,138
Fixed Assets L-16 7,63,543 7,84,658
Current Assets
Cash and Bank Balances L-17 11,26,049 13,59,865
Advances and Other Assets L-18 1,03,46,569 79,81,849
Sub-Total (A) 1,14,72,618 93,41,714
Current Liabilities L-19 1,34,54,023 1,01,65,162
Provisions L-20 27,29,806 5,57,095
Sub-Total (B) 1,61,83,829 1,07,22,257
Net Current Assets (C) = (A-B) (47,11,211) (13,80,543)
Miscellaneous Expenditure (To the extent not written off or adjusted) L-21 - -
Debit Balance in Profit and Loss Account (Shareholders’ Account) - -
Total 38,96,97,030 33,06,18,128
The Schedules are an integral part of this Balance Sheet.
Prior quarter's figures have been regrouped / reclassified wherever necessary
CONTINGENT LIABILITIES
As at As at
Particulars September, 2020 September, 2019
(Audited) (Audited)
1. Partly paid-up investments 30,58,267 39,10,177
2. Underwriting commitments outstanding (in respect of shares and securities) - -
3. Claims, other than against policies, not acknowledged as debts by the company 5,429 4,113
4. Guarantees given by or on behalf of the Company 4,504 4,358
5. Statutory demands/ liabilities in dispute, not provided for (Service Tax) 21,74,758 14,48,776
6. Reinsurance obligation to the extent not provided for in accounts - -
7. Others – i) Insurance claims in appeal net of provision
1,27,160 1,05,117
September 2020 September 2019

Gross Value of claims 5,84,711 5,24,831
Reinsured 57,244 45,422
Provision 4,00,307 3,74,292
1,27,160 1,05,117
Total 53,70,118 54,72,541

FORM L-4-PREMIUM SCHEDULE
SCHEDULES FORMING PART OF THE FINANCIAL STATEMENTS
First year Premium 65,56,936 1,00,40,096 68,16,417 1,22,59,743

Renewal Premium 1,31,13,769 1,95,19,912 1,08,76,707 1,78,98,800
Single Premium 43,36,872 65,12,671 42,10,980 81,48,066
Total Premium 2,40,07,577 3,60,72,679 2,19,04,104 3,83,06,609
Notes:
(a) All the premium income relates to business in India
FORM L-5 - COMMISSION SCHEDULE
For the quarter Upto the quarter For the quarter Upto the quarter
ended on 30th ended on 30th ended on 30th ended on 30th
Particulars
September 2020 September 2020 September 2019 September 2019
Commission Paid
First year Premium 5,20,976 8,94,340 7,40,936 11,15,721
Renewal Premium 4,23,420 5,63,318 3,36,274 5,17,928
Single Premium 79,239 1,28,637 89,971 1,75,521
Sub-total 10,23,635 15,86,295 11,67,181 18,09,170

Add: Commission on Re-insurance accepted - - - -
Less: Commission on Re-insurance ceded - - - -
Net Commission 10,23,635 15,86,295 11,67,181 18,09,170
Rewards 40,956 50,438 75,108 1,12,857
Total Commission including Rewards 10,64,591 16,36,733 12,42,289 19,22,027
Breakup of Gross Commission

Particulars
Agents 4,29,570 7,12,670 6,03,737 9,54,191

Brokers 63,203 1,05,380 63,936 1,18,299
Corporate Agents 5,30,688 7,68,012 4,99,394 7,36,493
Referral 174 233 114 187
Total 10,23,635 15,86,295 11,67,181 18,09,170
Note :
FORM L-6-OPERATING EXPENSES SCHEDULE
Operating Expenses Related to Insurance Business
Particulars
Employees’ remuneration and welfare benefits 23,59,881 44,39,059 21,37,770 40,25,954

Travel, conveyance and vehicle running expenses 8,698 27,348 54,858 1,05,010
Rent, Rates and Taxes 1,19,468 2,52,671 1,36,426 2,68,158
Repairs 48,410 1,06,180 53,050 1,07,688
Printing and Stationery 14,198 31,764 25,372 50,870
Communication expenses 18,160 47,867 26,260 58,152
Legal and Professional charges 34,022 84,101 48,055 99,374
Medical fees 22,122 55,973 19,363 28,706
Auditors’ fees, expenses etc.
(a) as auditor 1,957 3,905 1,958 3,917
(b) as adviser or in any other capacity , in respect of
- Taxation matters - - - -
- Insurance Matters - - - -
- Management services; and - - - -
(c) in any other capacity (including out of pocket expenses) 434 1,073 180 1,079
Advertisement and publicity 2,15,327 3,35,729 4,26,900 8,53,070
Interest and Bank charges 18,977 42,144 11,971 24,960
Others :
Electricity charges 21,512 41,950 30,753 58,049
General administration and other expenses 60,696 1,28,237 98,629 1,89,508
Information Technology expenses 67,392 2,08,215 80,783 1,61,561
Membership and Subscription Fees 7,297 12,728 7,302 11,801
Recruitment expenses 430 5,932 10,184 21,807
Stamp Duty 1,05,518 1,91,035 95,807 2,03,555
GST and Service Tax Expenditure 6,885 31,108 60,684 69,221
Sales Promotion and Distribution expenses 1,00,596 2,00,170 2,36,470 4,13,253
Training expenses (6,191) (7,460) 64,593 96,492
Depreciation 1,05,835 2,09,600 99,263 2,03,780
Total 33,31,624 64,49,329 37,26,631 70,55,965
Notes: - - - -
a) Refer Schedule 16 - Note 2 (k) and Note 24 64,49,329
FORM L-6A-EXPENSES OTHER THAN THOSE DIRECTLY RELATED TO INSURANCE BUSINESS
Expenses other than those directly related to Insurance Business
b) Refer Schedule 16 -Note 2(h) , Note 6 & Note 22.
Particulars
Employees’ remuneration and welfare benefits 2,070 3,487 1,919 3,702

Travel, conveyance and vehicle running expenses 42 43 48 86
Rent, Rates and Taxes 236 482 461 773
Printing and Stationery 2 5 3 6
Communication expenses 2 4 1 2
Legal and Professional charges 563 910 168 287
Interest and Bank charges 125 267 232 381
Depreciation 154 315 94 205
Auditors’ fees, expenses etc. 44 98 43 87
Director Fees and profit related commission 750 1,470 300 930
Other expenses 42,864 44,267 1,980 3,387
Total 46,852 51,348 5,250 9,846

FORM L-7-BENEFITS PAID SCHEDULE
Particulars
1. Insurance Claims
(a) Claims by Death 33,61,563 46,19,777 19,43,656 38,39,445
(b) Claims by Maturity 31,65,189 69,81,688 25,94,355 45,38,017
(c) Annuities/ Pension payment 69,274 1,17,719 25,034 45,003
(d) Other Benefits
― Survival Benefits 5,43,130 8,23,639 1,53,673 2,73,708
― Surrenders 25,69,745 36,96,080 22,52,741 49,95,612
― Discontinuance payments 2,57,714 4,34,156 1,72,932 2,51,818
― Riders 2,638 5,422 2,928 5,803
― Legal/Ombudsman and Policy related provision 1,364 4,530 (7,126) (7,441)
― Unclaimed appreciation expense 3,877 7,417 4,117 8,218
Sub Total (A) 99,74,494 1,66,90,428 71,42,310 1,39,50,183
2. Amount ceded in reinsurance
(a) Claims by Death (6,70,485) (9,75,765) (2,15,594) (4,40,142)
(b) Claims by Maturity - - - -
(c) Annuities/ Pension payment - - - -
(d) Other Benefits
― Survival Benefits - - - -
― Surrenders - - - -
― Discontinuance payments - - - -
― Riders - - (331) (981)
― Legal/Ombudsman and Policy related provision - - - -
― Unclaimed appreciation expense - - -
Sub Total (B) (6,70,485) (9,75,765) (2,15,925) (4,41,123)
3. Amount accepted in reinsurance
(a) Claims by Death - - - -
(b) Claims by Maturity - - - -
(c) Annuities/ Pension payment - - - -
(d) Other Benefits - -
― Survival Benefits - - - -
― Surrenders - - - -
― Discontinuance payments - - - -
― Riders - - - -
― Provision for Legal and Ombudsman etc - - - -
― Unclaimed appreciation expense - -
Sub Total (C) - - - -
Total (A)+(B)+(C) 93,04,009 1,57,14,663 69,26,385 1,35,09,060
Notes :
(a) All the claims are paid in India.
(b) Includes provision for policy related claims.
(d) Refer Schedule 16 - Note 30 for regrouping of previous year figures.
FORM L-8-SHARE CAPITAL SCHEDULE

As at As at
(Audited) (Audited)
Authorized Capital
625,000,000 (2020 – 625,000,000) Equity Shares of ` 10 each 62,50,000 62,50,000
Issued Capital
Subscribed Capital
Called-up Capital
Less: Calls unpaid - -

Add: Shares forfeited (Amount originally paid up) - -
Less: Par Value of Equity Shares bought back - -
Less: Preliminary Expenses - -
Less: Expenses on issue of shares - -
Total 51,02,902 51,02,902

Notes:
(a) Of the above, 392,923,496 (2020 – 392,923,496) Equity Shares of `10 each fully paid up are held by Kotak Mahindra Bank Limited, the holding company and its nominees, 54,000,000
(2020-54,000,000) and 63,366,753 (2020-63,366,753) fully paid-up Equity Shares of `10 each are held by Kotak Mahindra Prime Limited and Kotak Mahindra Capital Company Limited
respectively, which are subsidiaries of Kotak Mahindra Bank Limited.
FORM L-9-PATTERN OF SHAREHOLDING SCHEDULE

Pattern of Shareholding
(As certified by the Management)
Particulars As at September, 2020 (Audited) As at September, 2019 (Audited)

Number of Shares % Holding Number of Shares % Holding
Shareholders
Promoters
- Indian 51,02,90,249 100% 51,02,90,249 100%
- Foreign - - - -
Others - - - -
Total 51,02,90,249 100% 51,02,90,249 100%
FORM L-10-RESERVES AND SURPLUS SCHEDULE

As at As at
(Audited) (Audited)
Capital Reserve - -
Capital Redemption Reserve - -
Securities Premium 5,20,363 5,20,363
Revaluation Reserve - -
General Reserves - -
Less: Debit balance in Profit and Loss Account - -
Less: Amount utilized for Buy-back - -
Catastrophe Reserve - -
Other Reserve - -
Balance of profit in Profit and Loss Account 2,88,70,002 2,25,95,539
Total 2,93,90,365 2,31,15,902

FORM L-11-BORROWINGS SCHEDULE

As at As at
(Audited) (Audited)
Debentures/ Bonds - -
Banks - -
Financial Institutions - -
Others - -
Total - -
FORM L-12-INVESTMENTS SHAREHOLDERS SCHEDULE

As at As at
September, 2020 September, 2019
(Audited) (Audited)
LONG TERM INVESTMENTS

Government securities and Government guaranteed bonds including Treasury Bills 2,91,82,447 2,33,56,404
Other Approved Securities 19,20,901 15,22,830
Other Investments
(a) Shares
(aa) Equity - -
(bb) Preference - -
(b) Mutual Funds - -
(c) Derivative Instruments - -
(d) Debentures/ Bonds - 17,990
(e) Other Securities (including Fixed Deposits) - -
(f) Subsidiaries - -
(g) Investment Properties – Real Estate - -
Investment in Housing & infrastructure sector
(I) Approved Investments
(a) Equity - -
(b) Others 12,57,218 13,21,866
(II) Other than Approved Investments
(a) Equity 13,65,214 13,61,649
(b) Others 19,222 14,478
Total 3,37,45,002 2,75,95,217
SHORT TERM INVESTMENTS

Government securities and Government guaranteed bonds including Treasury Bills - -
Other Approved Securities 4,998 -
Other Investments
(a) Shares
(aa) Equity - -
(bb) Preference - -
(d) Debentures/ Bonds 17,989 6,016
(e) Other Securities (including Fixed Deposits) 43,500 8,000
(a) Equity - -
(b) Others 33,994 2,250
(a) Equity - 3,565
(b) Others - 22,066
Total 1,00,481 41,897
Grand Total 3,38,45,483 2,76,37,114
Notes:
As at As at
(Audited) (Audited)
(a) Investment in Holding Company - Kotak Mahindra Bank - -
(b) Investment in Subsidiary, Joint Ventures, Fellow subsidiaries and Associates - -
- Investment in unit of the funds manged by Kotak Mahindra Asset Management Company Ltd
- Investment in Kotak Mahindra Prime Ltd in Debentures
(c) Investment made out of Catastrophe reserve - -
(d) Particulars of Investment other than Listed Equity Securities:-
- Cost 3,38,50,593 2,76,38,913
- Market Value 3,69,76,187 2,94,01,196
(e) The historical cost of those Investments whose reported valued is based on fair value is as given below
- Reported Value 13,84,435 13,79,692
- Historical Cost 13,89,546 13,81,491
FORM L-13-INVESTMENTS POLICYHOLDERS SCHEDULE

Investments-Policyholders'
As at As at
(Audited) (Audited)

Government securities and Government guaranteed bonds including Treasury Bills 15,10,24,926 8,71,39,948
Other Approved Securities 1,64,77,250 1,88,08,157
Other Investments
(a) Shares
(aa) Equity 18,43,901 97,80,836
(bb) Preference - -
(d) Debentures/ Bonds 16,57,190 52,94,215
(e) Other Securities (including Fixed Deposits) 30,23,800 23,81,440
(g) Investment Properties – Real Estate 20,18,720 23,90,471
(a) Equity - -
(b) Others 1,95,22,912 2,11,85,107
(a) Equity 16,80,205 33,98,284
(b) Others 12,62,678 12,65,159
Total 19,85,11,582 15,16,43,617

Government securities and Government guaranteed bonds including Treasury Bills 14,038 6,45,539
Other Approved Securities 5,001 17,498
Other Investments
(a) Shares
(aa) Equity - -
(bb) Preference - -
(e) Other Securities (including Fixed Deposits) 20,91,821 16,45,582
(a) Equity - -
(b) Others 3,23,870 10,17,125
(a) Equity - -
(b) Others - 4,01,979
Total 25,88,786 60,57,295
Grand Total 20,11,00,368 15,77,00,912
Notes:
As at As at
(Audited) (Audited)
(a) Investment in fixed deposits/ debentures Holding Company - Kotak Mahindra Bank Ltd - -
(b) Investment in Subsidiary, Joint Ventures, Fellow subsidiaries and Associates
- Investment in unit of the funds manged by Kotak Mahindra Asset Management Company Ltd - -
- Investment in Kotak Mahindra Prime Ltd in Debentures - 1,88,786
- Cost 19,87,75,443 14,46,48,865
- Market Value 21,10,66,199 15,18,00,413
(e) The historical cost of those Investments whose reported valued is based on fair value is as given below
(Including unlisted equity and preference shares)
- Reported Value 68,05,503 1,70,48,582
- Historical Cost 62,47,610 1,47,06,002
FORM L-14-ASSETS HELD TO COVER LINKED LIABILITIES SCHEDULE

As at As at
(Audited) (Audited)

Government securities and Government guaranteed bonds including Treasury Bills 3,20,73,564 72,93,025
Other Approved Securities 92,66,600 1,15,25,531
Other Investments
(a) Shares
(aa) Equity 6,02,55,698 6,37,08,018
(bb) Preference 3,867 7,031
(e) Other Securities (including Fixed Deposits) - -
(a) Equity 34,85,036 38,75,095
(b) Others 1,12,11,181 2,02,83,995
(a) Equity 1,06,38,636 1,42,08,601
(b) Others 9,689 9,292
Total 13,18,36,822 12,72,83,228

Government securities and Government guaranteed bonds including Treasury Bills 1,04,02,857 57,27,426
Other Approved Securities 1,23,894 2,15,688
Other Investments
(a) Shares
(aa) Equity - -
(bb) Preference - -
(e) Other Securities (including Fixed Deposits) 1,10,59,628 70,32,568
Investments in Infrastructure and Social Sector
(a) Equity Shares - -
(b) Others 17,29,561 12,61,039
(a) Equity Shares - -
(b) Others - 22,067
Net Current Assets 17,62,156 13,02,724
Total 2,59,22,355 1,76,53,621
Grand Total 15,77,59,177 14,49,36,849
Notes:
As at As at
(Audited) (Audited)
(a) Investment in Holding Company - Kotak Mahindra Bank - -

(b) Investment in Subsidiary, Joint Ventures, Fellow subsidiaries and Associates
- Investment in unit of the funds manged by Kotak Mahindra Asset Management Company Ltd
including units of ETF 23,86,367 34,89,970
- Investment in Kotak Mahindra Prime Ltd in Debentures 1,43,238 5,93,436
- Cost 8,20,13,855 6,20,67,337
- Market Value 8,34,75,695 6,31,38,104
(e) The historical cost of those Investments whose reported valued is based on fair value is as given
below (excluding net current assets)
- Reported Value 15,77,59,177 14,35,55,421
- Historical Cost 14,57,89,791 12,78,66,819
(f) Other Than Approved Investments (a) Equity includes Exchange Traded Funds 64,17,958 1,04,89,160
FORM L-15-LOANS SCHEDULE

As at As at
(Audited) (Audited)
SECURITY–WISE CLASSIFICATION
Secured
(a) On mortgage of property
(aa) In India 4,39,818 4,63,908
(bb) Outside India - -
(b) On Shares, Bonds, Govt. Securities etc. - -
(c) Loans against policies 4,99,852 3,75,230
(d) Others - 1,00,000
Unsecured - -
Total 9,39,670 9,39,138
BORROWER-WISE CLASSIFICATION
(a) Central and State Governments - -
(b) Banks and Financial Institutions - 1,00,000
(c) Subsidiaries - -
(d) Companies 4,39,818 4,63,908
(e) Loans against policies 4,99,852 3,75,230
(f) Others – Employees - -
Total 9,39,670 9,39,138
PERFORMANCE-WISE CLASSIFICATION
(a) Loans classified as standard
(aa) In India 9,39,670 9,39,138
(b) Non-standard loans less provisions
(aa) In India - -
Total 9,39,670 9,39,138
MATURITY-WISE CLASSIFICATION
(a) Short term 73,068 1,32,912
(b) Long Term 8,66,602 8,06,226
Total 9,39,670 9,39,138
Commitments made and outstanding for Loans ` Nil ( 2020 - ` Nil)

Notes:
a) There was no restructuring of loan assets during the period.
b) Short term loans include those loans which are repayable within 12 months from the date of Balance Sheet. Long term loans are the loans other
than short term loans.
FORM L 16-FIXED ASSETS SCHEDULE

Particulars Cost/ Gross Block Depreciation Net Block
As at
As on As at As on As at As at
On Sale/ For the On Sale/ September,
April 1 Addition September, 2020 April 1 September, 2020 September, 2020
Adjustment year Adjustment 2019
2020 (Audited) 2020 (Audited) (Audited)
(Audited)
Goodwill - - - - - - - - - -
Intangibles - Software * # 18,66,083 99,446 48,955 19,16,574 16,33,336 86,920 41,376 16,78,880 2,37,694 2,18,470
Land-Freehold - - - - - - - - - -
Leasehold property - - - - - - - - - -
Buildings - - - - - - - - - -
Furniture and fittings ** 5,81,725 10,686 277 5,92,134 4,30,320 26,442 277 4,56,485 1,35,649 1,62,511
Information technology equipment 7,63,352 26,629 7,876 7,82,105 5,69,908 68,572 7,820 6,30,660 1,51,445 1,71,265
Vehicles 1,48,045 8,950 6,463 1,50,532 73,166 17,240 2,478 87,928 62,604 66,375
Office equipment 1,73,991 8,335 3,974 1,78,352 1,22,026 10,741 3,934 1,28,833 49,519 55,517
35,33,196 1,54,046 67,545 36,19,697 28,28,756 2,09,915 55,885 29,82,786 6,36,911 6,74,138
Capital Work-in-progress 1,26,632 1,10,520
Grand Total 35,33,196 1,54,046 67,545 36,19,697 28,28,756 2,09,915 55,885 29,82,786 7,63,543 7,84,658
Previous Year 32,73,185 1,65,398 43,598 33,94,985 25,59,542 2,03,986 42,681 27,20,847 7,84,658
* Includes licenses
** Includes leasehold improvements Check
# All Software are other than those generated internally -
FORM L-17-CASH AND BANK BALANCE SCHEDULE

As at As at
(Audited) (Audited)
Cash (including cheques on hand, drafts and stamps) 2,21,819 3,77,890

Bank Balances
(a) Deposit Accounts
(aa) Short-term (due within 12 months of the date of Balance Sheet) - -
(bb) Others - -
(b) Current accounts 9,04,230 9,81,975
(c) Others - -
Money at Call and Short Notice
(a) With Banks - -
(b) With other Institutions - -
Total 11,26,049 13,59,865

Balance with non-scheduled banks included above - -
Cash and Bank balance

In India 11,26,049 13,59,865
Outside India - -
Total 11,26,049 13,59,865
FORM L-18-ADVANCE AND OTHER ASSETS SCHEDULE

As at As at
(Audited) (Audited)
ADVANCES
Reserve deposits with ceding companies - -
Application money for investments - -
Prepayments 1,83,864 1,75,273
Advance to Directors/ Officers - -
Advance tax paid and Tax deducted at source (Refer Note (a) below) 1,79,814 1,79,814
Others :-
Advances to suppliers 44,748 1,57,471
Capital Advances 1,391 17,851
Advances to employees 1,00,619 39,325
Total (A) 5,10,436 5,69,734
OTHER ASSETS
Income accrued on investments 56,40,138 46,47,526
Outstanding Premiums 13,61,082 11,95,423
Agents Balances 55,875 51,626
Less: Provision for commission receivable (55,875) - (47,026) 4,600
Foreign Agencies Balances - -
Due from other entities carrying on insurance business (including reinsurers) 37,220 7,340
Due from subsidiaries/ holding company 351 878
Others :-
Security and other deposits 3,78,141 3,17,836
Advance GST, Service Tax & Unutilised Credit 2,96,410 3,37,117
Investment -Unclaimed 4,32,271 3,67,488
Income on Unclaimed amount of Policy Holders 26,037 23,182
Other Receivables 16,64,483 5,10,725
Total (B) 98,36,133 74,12,115
Total (A + B) 1,03,46,569 79,81,849
Notes :
(a) - Advance tax paid and Taxes deducted at source
As at As at
(Audited) (Audited)
Provision for Tax (10,37,351) (10,37,351)
Advance Tax and Tax deducted at source 12,17,165 12,17,165
Total 1,79,814 1,79,814
FORM L-19-CURRENT LIABILITIES SCHEDULE

As at As at
(Audited) (Audited)
Agents’ balances 3,25,043 3,69,703

Balance due to other insurance companies (net) 1,39,433 1,40,957
Deposits held on re-insurance ceded - -
Premium received in advance 73,581 61,854
Unallocated premium (proposals/policy deposits) 14,97,043 18,09,607
Sundry creditors 8,88,297 1,57,518
Due to holding company / Fellow Subsidiary 24,083 34,283
Claims outstanding 16,66,549 11,26,075
Unclaimed Amount of Policy Holders (Refer Note (a) below) 4,32,271 3,67,488
Income on unclaimed amount of Policy Holders 26,037 23,182
Annuities due 3,839 172
Due to Officers / Directors - -
Others:-
- Taxes deducted at source, payable 1,05,049 1,21,169
- Statutory dues payable 5,58,341 5,36,447
- Employee related and other payables 8,42,507 7,24,177
- Refunds Payable 2,07,761 1,15,113
- Security Deposit 58,448 58,448
- Expenses Payable 36,61,030 31,91,138
- Policy related payables 21,04,688 12,79,213
- Payable towards investments purchased 6,04,948 -
- Payable/ (Refund) to/from unit linked fund (Refer Note (b) below) 2,35,075 48,618
Total 1,34,54,023 1,01,65,162

FORM L-20-PROVISIONS SCHEDULE

As at As at
(Audited) (Audited)
For taxation (less payments and taxes deducted at source)-Refer Note (a) below 19,73,236 2,48,647
For proposed dividend - -
For dividend distribution tax - -
Others :-
Provision for gratuity 37,955 3,501
Provision for compensated absences 1,80,720 1,55,517
Provision for other employee benefits 27,346 22,174
Provision for standard loan assets and other investments 5,10,549 1,27,256
Total 27,29,806 5,57,095
(a) - Provision for taxes

As at As at
(Audited) (Audited)
Provision for Tax 51,91,526 23,08,172
Advance Tax and Tax deducted at source (32,18,290) (20,59,525)
19,73,236 2,48,647
FORM L-21-MISC EXPENDITURE SCHEDULE

(To the extent not written off or adjusted)
As at As at
(Audited) (Audited)
Discount Allowed in issue of shares/ debentures - -

Others - -
Total - -
PERIODIC DISCLOSURES
FORM L-22 - Analytical Ratios*
Insurer: KOTAK MAHINDRA LIFE INSURANCE COMPANY LIMITED Date: 30-Sep-20
Upto the quarter For the quarter
For the quarter Upto the quarter
ended ended
Sl.No. Particular ended September ended September
September September
30,2020 30,2019
30,2020 30,2019
New business premium income growth rate - segment wise
1
(%)
Life Participating 44.18% 45.09% 27.18% 21.37%

Pension Participating 214.68% 212.05% 168.52% 248.44%
Life Non Participating -18.39% -31.77% 16.33% 23.18%
Life Non Participating Variable (VIP) -251.67% -236.89% 33.01% 129.25%
Pension Non Participating Variable (VIP) -165.53% -180.23% 92.27% 289.27%
General Annuity 23.70% 44.01% 683.62% 391.07%
Unit Linked Life 52.65% 37.38% 13.14% -3.00%
Unit Linked Pension -71.29% -84.02% 2010.22% 87.04%
Non Participating Pension (Since new segment added in
0.00% 0.00% 0.00% 0.00%
February 2020, growth ratio is nil)
2 Net Retention Ratio 97.90% 97.38% 98.51% 98.25%

3 Expense of Management to Gross Direct Premium Ratio 18.31% 22.42% 22.68% 23.44%
4 Commission Ratio (Gross commission paid to Gross Premium) 4.43% 4.54% 5.67% 5.02%
5 Ratio of policy holder's liabilities to shareholder's funds 1021.62% 1021.62% 1062.46% 1062.46%
6 Growth rate of shareholders' fund 24.92% 22.22% 38.13% 22.80%
7 Ratio of surplus to policyholders' liability 0.82% 0.82% 0.86% 0.86%
8 Change in net worth(` in 000') 97,462 62,69,352 1,07,974 52,38,896
9 Profit after tax/Total Income 5.18% 5.63% 6.33% 6.56%
10 (Total real estate + loans)/(Cash & invested assets) 0.75% 0.75% 1.00% 1.00%
11 Total investments/(Capital + Surplus) 1141.39% 1141.39% 1173.74% 1173.74%
12 Total affiliated investments/(Capital+ Surplus) 0.42% 0.42% 2.77% 2.77%
13 Investment Yield (Gross and Net)
a) With Unrealised Gains:
Non Linked - Participating -0.89% 8.44% 4.89% 14.79%
Non Linked - Non-Participating -4.14% 6.58% 4.61% 14.33%
Sub Total : Non Linked -2.83% 7.33% 4.73% 14.52%
Linked - Participating NA NA NA NA
Linked - Non Participating -1.87% 7.26% 10.35% 11.67%
Sub Total : Linked -1.87% 7.26% 10.35% 11.67%
Grand Total : Non Linked + Linked -2.81% 7.33% 4.82% 14.47%
Shareholders' Fund -1.50% 6.71% 1.76% 15.50%
b) Without Unrealised Gains:

Non Linked - Participating 7.22% 8.16% 7.61% 8.34%
Non Linked - Non-Participating 4.80% 6.31% 8.37% 8.68%
Sub Total : Non Linked 5.78% 7.06% 8.05% 8.53%
Linked - Participating NA NA NA NA
Linked - Non Participating 7.77% 9.58% 7.62% 8.24%
Sub Total : Linked 7.77% 9.58% 7.62% 8.24%
Grand Total : Non Linked + Linked 5.81% 7.11% 8.05% 8.53%
Shareholders' Fund 6.73% 6.85% 7.09% 7.42%
14 Conservation Ratio
Life Participating 87.16% 80.92% 89.54% 90.07%

Pension Participating 99.46% 81.63% 84.50% 90.55%
Life Non Participating 96.38% 81.78% 92.01% 91.75%
Life Non Participating Variable (VIP) 0% 0% 0% 0%
Pension Non Participating Variable (VIP) 0% 0% 0% 0%
General Annuity 0% 0% 0% 0%
Unit Linked Life 63.33% 64.20% 62.79% 65.20%
Unit Linked Pension 4.63% 4.73% 64.51% 24.14%
Non Participating Pension (new segment added in February
0.00% 0.00% 0.00% 0.00%
2020)
15 Persistency Ratio#
Persistency Ratio (By Premium) - Individual

For 13th month 85.93% 87.41% 84.15% 88.02%
For 25th month 74.77% 79.46% 76.36% 79.67%
For 37th month 68.05% 71.78% 67.60% 70.53%
For 49th month 62.57% 65.89% 61.25% 65.70%
For 61st month 55.83% 59.39% 63.71% 61.89%
Persistency Ratio (By Policy) - Individual

For 13th month 78.29% 82.67% 81.17% 84.42%
For 25th month 72.36% 75.99% 71.42% 74.72%
For 37th month 62.73% 66.74% 61.50% 67.45%
For 49th month 56.38% 63.03% 55.65% 61.92%
For 61st month 48.64% 50.90% 48.01% 48.09%
16 NPA Ratio
Gross NPA Ratio Nil 0.12% Nil Nil
Net NPA Ratio Nil 0.00% Nil Nil
Equity Holding Pattern for Life Insurers

1 (a) No. of shares 51,02,90,249 51,02,90,249 51,02,90,249 51,02,90,249
2 (b) Percentage of shareholding (Indian / Foreign) 100% 100% 100% 100%
( c) %of Government holding (in case of public sector insurance
3 N.A N.A N.A N.A
companies)
(a) Basic and diluted EPS before extraordinary items (net of tax
4 0.96 1.88 0.77 1.50
expense) for the period (not to be annualized)
(b) Basic and diluted EPS after extraordinary items (net of tax
5 0.96 1.88 0.77 1.50
expense) for the period (not to be annualized)
6 (iv) Book value per share (Rs) 67.59 67.59 55.30 55.30
Note:
1.Policyholders’ liabilities = Policyholder's Funds.
# The persistency ratios reported are in accordance with the revised circular IRDA/ACT/CIR/MISC/035/01/2014 dated January 23, 2014.
Group business policies are excluded in the calculation of the persistency ratio. The premium persistency ratio allows for lapses, surrenders,
Paid ups as well as premium reductions and is expressed in terms of annualized premiums.
*Upto the quarter calculation has been done considering a rolling 12 month exposure period.
2. The persistency ratios & solvency ratio has been computed by company's appointed actuary.
3. Prior period's figures have been regrouped / reclassified wherever necessary.
Page 24 of 61
RECEIPTS AND PAYMENTS ACCOUNT FOR THE HALF YEAR ENDED SEPTEMBER 30, 2020
Half year ended Half year ended

Particulars Schedule September 30, 2020 September 30, 2019
(Audited) (Audited)
Cash Flows from Operating Activities
Premium and Other receipt from Customer 3,86,53,504 3,85,40,866
Payments of other operating expenses1 (41,44,235) (64,96,935)
Payments of commission and brokerage (22,78,613) (25,28,334)
Deposits, advances and staff loans (10,906) 12,833
Payments to the re-insurers, net of commissions and claims (2,21,916) (3,11,924)
Payment of Claims (1,68,77,998) (1,38,19,642)
Income taxes paid (Net) (5,62,271) (4,05,969)
Service Tax & GST paid (4,70,907) (4,33,229)
Net cash flow from Operating Activities (A) 1,40,86,658 1,45,57,666
Cash Flows from Investing Activities

Purchase of fixed assets (1,30,346) (2,53,656)
Proceeds on sale of fixed assets 5,426 3,695
Interest and Dividend received on Investments (net of interest expended on purchase of investments) 1,09,56,088 88,23,683
Purchase of Investment (15,09,34,905) (17,45,00,325)
Sale of Investment 12,61,22,284 15,02,42,915
Investments in money market instruments and in liquid mutual funds (Net) (58,37,722) (30,36,639)
Loans disbursed (60,471) (63,919)
Expense Related to Investment (3,336) (4,086)
Net cash flow from Investing Activities (B) (1,98,82,982) (1,87,88,332)
Cash Flows from Financing Activities

Proceeds from issue of Share Capital - -
Net cash flow from Financing Activities (C) - -
Net increase / (decrease) in Cash and Cash Equivalents ( A+B+C) (57,96,324) (42,30,666)
Cash and cash equivalents at the beginning of the year 1,79,73,904 1,23,18,031
Cash and Cash Equivalents at end of year 1,21,77,580 80,87,365
Notes:
(a) Cash and cash equivalents at the end of the year includes:
Cash (including cheques on hand, drafts and stamps) 2,21,819 3,77,890

Bank Balances (including deposits) 9,04,230 9,81,975
Other short term investment (maturing within 3 months) 1,10,51,531 67,27,500
(Forming part of investments as per schedule 8, 8A and 8B)
1,21,77,580 80,87,365
Reconciliation of Cash & Cash Equivalents with Cash & Bank Balance (Schedule - 11)
Cash & Cash Equivalent 1,21,77,580 80,87,365
Add : Deposit Account - Others (More than 3 months) - -
Less : Other Short Term Investment (maturing within 3 months) 1,10,51,531 67,27,500
Cash & Bank Balance as per Schedule -11 11,26,049 13,59,865
1 Includes Cash paid towards Corporate Social Responsibility expenditure ` 10,000 thousands (previous year ` Nil thousands) in the current financial year - Refer Schedule 16 -
Note 9 (b)
The above Receipts and Payments Account has been prepared as prescribed by Insurance Regulatory (Preparation of Financial Statements & Auditor’s Report of Insurance
Companies) Regulations, 2002 under the ‘Direct Method’ laid out in Accounting Standard 3 – ‘Cash Flow Statements’
L-24-Liab IRDA Periodic Disclosures
FORM L-24 Valuation of net liabilities
Insurer: Kotak Mahindra Life Insurance Company Limited

Date: 30-Sep-20
(Rs in Lakhs)
Valuation of net liabilities

Sl.No. Particular As at 30th September 2020 As at 30th September 2019
1 Linked
a Life 15,31,008 13,90,142
b General Annuity - -
c Pension 59,430 79,596
d Health - -
2 Non-Linked -
a Life 17,79,499 13,72,830
b General Annuity 57,118 26,085
c Pension 69,899 77,555
d Health - -
Page 26 of 61
FORM L-25- (i) : Geographical Distribution Channel - Individuals for the quarter ended 30th September 2020
Insurer: Kotak Mahindra Life Insurance Company Limited Date: 30.09.2020
(Rs in Lakhs)
Geographical Distribution of Total Business
Rural Urban Total Business

Sl.No. State / Union Territory No. of No. of Premium (Rs Sum Assured No. of Policies No. of Premium (Rs Sum Assured (Rs No. of No. of Premium (Rs Sum Assured (Rs
Policies Lives Lakhs) (Rs Lakhs) Lives Lakhs) Lakhs) Policies Lives Lakhs) Lakhs)
1 Andhra Pradesh 422 402 154.19 7,608.22 1,811 1,786 1,255.24 42,238.29 2233 2188 1409.43 49846.50
2 Assam 885 969 392.56 6,729.93 2,010 2,102 1,086.71 25,888.08 2895 3071 1479.27 32618.01
3 Bihar 310 317 91.68 3,178.74 425 435 248.74 8,825.50 735 752 340.42 12004.24
4 Chandigarh 81 82 22.07 3,058.31 476 489 444.65 15,559.51 557 571 466.72 18617.82
5 Chattisgarh 143 157 56.76 1,845.91 351 367 252.71 10,230.65 494 524 309.47 12076.56
6 Dadra & Nagrahaveli - - - - - - - - 0 0 0.00 0.00
7 Delhi 265 253 119.08 7,357.47 6,229 5,979 8,097.26 2,40,638.20 6494 6232 8216.34 247995.66
8 Goa 153 165 73.07 2,423.72 489 540 521.16 10,042.19 642 705 594.23 12465.91
9 Gujarat 950 1,031 458.95 21,941.97 5,086 5,111 4,788.96 1,67,236.66 6036 6142 5247.91 189178.64
10 Haryana 1,313 1,376 553.11 16,571.59 2,256 2,283 1,546.51 55,383.96 3569 3659 2099.62 71955.55
11 Jammu & Kashmir 4 4 1.01 110.07 19 19 10.24 869.13 23 23 11.25 979.20
12 Jharkhand 138 140 87.44 2,161.95 428 424 458.73 9,604.75 566 564 546.18 11766.71
13 Karnataka 1,166 1,233 483.64 21,715.01 6,131 6,110 5,429.39 1,59,521.81 7297 7343 5913.03 181236.82
14 Kerala 174 169 157.02 2,985.57 1,021 1,005 1,152.35 28,236.40 1195 1174 1309.37 31221.97
15 Madhya Pradesh 177 145 71.25 2,639.36 1,561 1,298 922.97 32,116.29 1738 1443 994.21 34755.65
16 Maharashtra 1,345 1,388 562.77 35,116.53 11,876 11,316 13,005.62 4,27,312.86 13221 12704 13568.39 462429.40
17 Orissa 4,221 4,247 198.93 4,332.85 759 762 550.26 12,263.68 4980 5009 749.19 16596.53
18 Puducherry 138 143 59.67 1,767.66 524 557 238.19 6,211.60 662 700 297.86 7979.25
19 Punjab 458 451 180.10 5,821.24 1,090 1,000 667.55 31,030.35 1548 1451 847.65 36851.59
20 Rajasthan 490 502 191.47 8,852.19 1,201 1,203 677.27 41,130.18 1691 1705 868.74 49982.37
21 Tamil Nadu 781 813 389.57 12,502.47 6,814 6,560 5,164.18 1,22,418.73 7595 7373 5553.75 134921.20
22 Tripura 128 154 50.21 1,075.70 213 242 88.18 1,798.14 341 396 138.39 2873.85
23 Uttar Pradesh 459 452 230.79 8,996.84 2,597 2,510 1,921.70 71,989.53 3056 2962 2152.49 80986.37
24 UttraKhand 51 53 77.17 1,225.66 232 233 142.70 6,459.10 283 286 219.87 7684.76
25 West bengal 5,062 4,277 373.84 7,888.16 3,949 3,227 2,987.85 54,578.55 9011 7504 3361.70 62466.72
26 Telangana 276 272 84.85 9,127.46 2,510 2,372 2,340.57 89,948.59 2786 2644 2425.42 99076.04
27 Arunachal Pradesh - - - - - - - - 0 0 0.00 0.00
28 Himachal Pradesh 147 148 55.78 2,456.97 111 114 50.05 1,763.78 258 262 105.83 4220.75
29 Manipur - - - - - - - - 0 0 0.00 0.00
30 Meghalaya 24 29 9.32 95.87 39 45 25.02 197.05 63 74 34.34 292.91
31 Mirzoram - - - - - - - - 0 0 0.00 0.00
32 Nagaland - - - - - - - - 0 0 0.00 0.00
33 Sikkim - - - - - - - - 0 0 0.00 0.00
34 Andaman & Nicobar Islands - - - - - - - - 0 0 0.00 0.00
35 Daman & Diu - - - - - - - - 0 0 0.00 0.00
36 Lakshadweep - - - - - - - - 0 0 0.00 0.00
Company Total 19,761 19,372 5,186.32 1,99,587.42 60208 58,089 54,074.76 16,73,493.55 79969 77,461 59,261.08 18,73,080.97
FORM L-25- (i) : Geographical Distribution Channel - Individuals Up to the quarter ended 30th September 2020
(Rs in Lakhs)
Geographical Distribution of Total Business

Sl.No. State / Union Territory No. of No. of Premium (Rs Sum Assured No. of Policies No. of Premium (Rs Sum Assured (Rs No. of No. of Premium (Rs Sum Assured (Rs
Policies Lives Lakhs) (Rs Lakhs) Lives Lakhs) Lakhs) Policies Lives Lakhs) Lakhs)
1 Andhra Pradesh 864 834 312.68 14,959.43 3,390 3317 2,274.28 80,101.52 4254 4151 2,586.96 95,060.95
2 Assam 1,698 1828 643.64 13,347.59 3,352 3432 1,734.80 43,887.89 5050 5260 2,378.43 57,235.48
3 Bihar 513 522 155.29 6,149.27 738 740 417.35 16,162.11 1251 1262 572.64 22,311.39
4 Chandigarh 169 172 42.47 5,326.82 841 844 626.39 29,166.10 1010 1016 668.86 34,492.93
5 Chattisgarh 307 332 117.51 3,460.93 656 686 386.65 17,548.10 963 1018 504.16 21,009.03
6 Dadra & Nagrahaveli - 0 - - - 0 - - 0 0 - -
7 Delhi 491 474 178.60 17,303.49 10,478 9961 12,160.31 4,28,747.89 10969 10435 12,338.91 4,46,051.38
8 Goa 218 230 100.67 3,730.74 756 806 869.18 18,222.29 974 1036 969.85 21,953.03
9 Gujarat 1,629 1728 730.02 37,373.15 9,099 9077 7,712.76 3,11,600.05 10728 10805 8,442.78 3,48,973.20
10 Haryana 2,350 2451 941.30 31,445.73 3,960 3990 2,472.81 1,05,068.99 6310 6441 3,414.11 1,36,514.73
11 Jammu & Kashmir 8 8 1.74 278.09 36 38 16.36 1,380.40 44 46 18.10 1,658.49
12 Jharkhand 292 296 200.74 5,590.90 810 797 794.18 19,889.11 1102 1093 994.92 25,480.01
13 Karnataka 2,178 2258 860.44 42,797.60 10,663 10513 9,243.56 2,98,491.69 12841 12771 10,104.00 3,41,289.28
14 Kerala 329 324 213.65 8,277.62 1,994 1950 1,885.50 54,072.28 2323 2274 2,099.15 62,349.90
15 Madhya Pradesh 292 260 103.96 5,279.66 2,987 2587 1,631.39 68,576.59 3279 2847 1,735.34 73,856.25
16 Maharashtra 2,512 2543 970.05 68,296.92 20,435 19397 19,855.38 7,66,641.56 22947 21940 20,825.43 8,34,938.48
17 Orissa 6,342 6372 403.97 8,339.61 1,517 1515 951.32 20,384.60 7859 7887 1,355.30 28,724.21
18 Puducherry 250 260 109.57 3,002.91 935 963 440.01 10,986.77 1185 1223 549.58 13,989.68
19 Punjab 856 829 318.85 11,212.43 1,871 1745 1,150.26 55,734.43 2727 2574 1,469.11 66,946.86
20 Rajasthan 762 779 275.14 16,502.84 2,051 2038 1,095.57 73,562.01 2813 2817 1,370.71 90,064.85
21 Tamil Nadu 1,482 1544 648.02 25,939.19 11,683 11247 8,268.22 2,13,733.65 13165 12791 8,916.24 2,39,672.85
22 Tripura 199 229 76.30 1,572.57 368 413 162.95 3,035.95 567 642 239.25 4,608.52
23 Uttar Pradesh 910 912 405.44 19,722.13 4,555 4354 2,955.16 1,39,533.98 5465 5266 3,360.60 1,59,256.11
24 UttraKhand 94 96 103.43 2,850.77 333 331 203.62 10,694.86 427 427 307.05 13,545.63
25 West bengal 7,853 7043 582.53 14,357.40 6,761 5583 4,945.77 96,681.63 14614 12626 5,528.31 1,11,039.03
26 Telangana 564 557 160.72 19,891.85 4,176 3953 3,644.49 1,57,658.23 4740 4510 3,805.20 1,77,550.08
27 Arunachal Pradesh - 0 - - - 0 - - - - - -
28 Himachal Pradesh 265 269 86.98 3,639.45 213 215 102.04 3,733.63 478.00 484.00 189.03 7,373.08
29 Manipur - 0 - - - 0 - - - - - -
30 Meghalaya 50 59 17.81 198.39 71 79 36.48 640.74 121.00 138.00 54.29 839.13
31 Mirzoram - 0 - - - 0 - - - - - -
32 Nagaland - 0 - - - 0 - - - - - -
33 Sikkim - 0 - - - 0 - - - - - -
34 Andaman & Nicobar Islands - 0 - - - 0 - - - - - -
35 Daman & Diu - 0 - - - 0 - - - - - -
36 Lakshadweep - 0 - - - 0 - - - - - -
Company Total 33,477 33,209 8,761.50 3,90,847.49 104729 1,00,571 86,036.78 30,45,937.06 138206 1,33,780 94,798.28 34,36,784.55
FORM L-25- (ii) : Geographical Distribution Channel - GROUP for the quarter ended 30th September 2020
Insurer: Kotak Mahindra Life Insurance Company Limited Date: 30/09/2020
(Rs in lacs)
Geographical Distribution of Total Business- GROUP

(Group) (Group) (Group)
Sl.No. State / Union Territory
No. of Policies No. of Lives Premium (Rs Sum Assured (Rs lacs) No. of Policies No. of Lives Premium (Rs lacs) Sum Assured (Rs lacs) No. of Policies No. of Lives Premium (Rs lacs) Sum Assured (Rs lacs)
lacs)
1 Andhra Pradesh 0 0 0 0 2 4925 54 1615 2 4925 54 1615
2 Arunachal Pradesh 0 0 0 0 0 0 0 0 0 0 0 0
3 Assam 0 0 0 0 0 2686 8 1204 0 2686 8 1204
4 Bihar 0 0 0 0 3 3738 6 1071 3 3738 6 1071
5 Chattisgarh 0 0 0 0 1 1039 3 481 1 1039 3 481
6 Goa 0 0 0 0 0 50 77 1478 0 50 77 1478
7 Gujarat 0 0 0 0 12 137462 667 101625 12 137462 667 101625
8 Haryana 0 0 0 0 16 20947 512 42406 16 20947 512 42406
9 Himachal Pradesh 0 0 0 0 3 4031 69 16174 3 4031 69 16174
10 Jammu & Kashmir 0 0 0 0 0 0 0 0 0 0 0 0
11 Jharkhand 0 0 0 0 0 734 3 291 0 734 3 291
12 Karnataka 0 0 0 0 35 749336 11204 349282 35 749336 11204 349282
13 Kerala 0 0 0 0 8 198612 5494 61251 8 198612 5494 61251
14 Madhya Pradesh 0 0 0 0 5 9404 8 1904 5 9404 8 1904
15 Maharashtra 0 0 0 0 65 336903 16240 1096477 65 336903 16240 1096477
16 Manipur 0 0 0 0 0 0 0 0 0 0 0 0
17 Meghalaya 0 0 0 0 0 0 0 0 0 0 0 0
18 Mirzoram 0 0 0 0 0 0 0 0 0 0 0 0
19 Nagaland 0 0 0 0 0 0 0 0 0 0 0 0
20 Orissa 0 0 0 0 6 11841 26 3867 6 11841 26 3867
21 Punjab 0 0 0 0 7 57912 5605 14234 7 57912 5605 14234
22 Rajasthan 0 0 0 0 3 6434 976 17448 3 6434 976 17448
23 Sikkim 0 0 0 0 0 0 0 0 0 0 0 0
24 Tamil Nadu 0 0 0 0 10 135534 2661 302443 10 135534 2661 302443
25 Telangana 0 0 0 0 13 6438 440 17131 13 6438 440 17131
26 Tripura 0 0 0 0 0 0 0 0 0 0 0 0
27 Uttar Pradesh 0 0 0 0 4 28003 61 2156 4 28003 61 2156
28 UttraKhand 0 0 0 0 2 320 33 1208 2 320 33 1208
29 West Bengal 0 0 0 0 15 653667 3186 247888 15 653667 3186 247888
30 Andaman & Nicobar Islands 0 0 0 0 0 0 0 0 0 0 0 0
31 Chandigarh 0 0 0 0 0 0 0 0 0 0 0 0
32 Dadra & Nagrahaveli 0 0 0 0 0 0 0 0 0 0 0 0
33 Daman & Diu 0 0 0 0 1 488 77 86 1 488 77 86
34 Delhi 0 0 0 0 12 363254 2267 214968 12 363254 2267 214968
35 Lakshadweep 0 0 0 0 0 0 0 0 0 0 0 0
36 Puducherry 0 0 0 0 0 -8 0 -3 0 -8 0 -3
Total 0 0 0 0 223 2733750 49,677.00 24,96,685.38 223 2733750 49,677.00 24,96,685.38
FORM L-25- (ii) : Geographical Distribution Channel - GROUP upto the quarter ended 30th September 2020
Insurer: Kotak Mahindra Life Insurance Company Limited Date: 30/09/2020
(Rs in lacs)
Geographical Distribution of Total Business- GROUP

(Group) (Group) (Group)
Sl.No. State / Union Territory
No. of Policies No. of Lives Premium (Rs Sum Assured (Rs lacs) No. of Policies No. of Lives Premium (Rs lacs) Sum Assured (Rs lacs) No. of Policies No. of Lives Premium (Rs lacs) Sum Assured (Rs lacs)
lacs)
1 Andhra Pradesh 0 0 0 0 8 9089 425 2624 8 9089 425 2624
2 Arunachal Pradesh 0 0 0 0 0 0 0 0 0 0 0 0
3 Assam 0 0 0 0 0 3083 259 1378 0 3083 259 1378
4 Bihar 0 0 0 0 3 3739 6 1071 3 3739 6 1071
5 Chattisgarh 0 0 0 0 2 2371 507 1783 2 2371 507 1783
6 Goa 0 0 0 0 1 206 158 3122 1 206 158 3122
7 Gujarat 0 0 0 0 23 204535 863 128835 23 204535 863 128835
8 Haryana 0 0 0 0 39 40899 3045 199674 39 40899 3045 199674
9 Himachal Pradesh 0 0 0 0 5 5519 373 18596 5 5519 373 18596
10 Jammu & Kashmir 0 0 0 0 0 0 0 0 0 0 0 0
11 Jharkhand 0 0 0 0 1 4143 9 1044 1 4143 9 1044
12 Karnataka 0 0 0 0 81 1604828 17773 656701 81 1604828 17773 656701
13 Kerala 0 0 0 0 21 271244 5831 95129 21 271244 5831 95129
14 Madhya Pradesh 0 0 0 0 8 15798 20 4104 8 15798 20 4104
15 Maharashtra 0 0 0 0 149 644011 20058 1418159 149 644011 20058 1418159
16 Manipur 0 0 0 0 0 0 0 0 0 0 0 0
17 Meghalaya 0 0 0 0 0 0 0 0 0 0 0 0
18 Mirzoram 0 0 0 0 0 0 0 0 0 0 0 0
19 Nagaland 0 0 0 0 0 0 0 0 0 0 0 0
20 Orissa 0 0 0 0 6 34359 78 10640 6 34359 78 10640
21 Punjab 0 0 0 0 8 65002 5720 73374 8 65002 5720 73374
22 Rajasthan 0 0 0 0 7 7238 1129 19143 7 7238 1129 19143
23 Sikkim 0 0 0 0 0 0 0 0 0 0 0 0
24 Tamil Nadu 0 0 0 0 18 193664 3643 418469 18 193664 3643 418469
25 Telangana 0 0 0 0 21 7646 547 10774 21 7646 547 10774
26 Tripura 0 0 0 0 0 0 0 0 0 0 0 0
27 Uttar Pradesh 0 0 0 0 10 60436 443 14739 10 60436 443 14739
28 UttraKhand 0 0 0 0 3 364 34 1254 3 364 34 1254
29 West Bengal 0 0 0 0 27 779605 7247 328693 27 779605 7247 328693
30 Andaman & Nicobar Islands 0 0 0 0 0 0 0 0 0 0 0 0
31 Chandigarh 0 0 0 0 0 0 0 0 0 0 0 0
32 Dadra & Nagrahaveli 0 0 0 0 0 0 0 0 0 0 0 0
33 Daman & Diu 0 0 0 0 1 486 77 103 1 486 77 103
34 Delhi 0 0 0 0 31 420582 2483 250608 31 420582 2483 250608
35 Lakshadweep 0 0 0 0 0 0 0 0 0 0 0 0
36 Puducherry 0 0 0 0 0 -17 0 -6 0 -17 0 -6
Total 0 0 0 0 473 4378830 70,729.39 36,60,009.88 473 4378830 70,729.39 36,60,009.88
Form L-26-Investment Assets(Life Insurers)-3A
FORM 3A
Name of the Insurer : Kotak Mahindra Life Insurance Company Ltd. PART - A
Registration Number : 107
Statement as on : 30-Sep-20
Statement of Investment Assets (Life Insurers)

(Business within India) Rs. in crore
Periodicity Of Submission : Quarterly
Section I
No PARTICULARS SCH Amount Reconciliation of Investment Assets
1 Investments (Sharehoders) 8 3,385 Total investment Assets ( as per Balance Sheet)
Investments (Policyholders) 8A 20,110 Balance Sheet Value of
Investments (Linked Liabilities) 8B 15,776 A. Life Fund 21,819
2 Loans 9 94 B. Pention & General Annuity and Group Business 1,770
3 Fixed Assets 10 76 C. Unit Linked Funds 15,756
4 Current Assets 39,344
a. Cash & Bank Balance 11 113 Add : Last Day's ULIP Conversion 20
b. Advances & Other Assets 12 1,035 39,364
5 Current Liabilities
a. Current Liabilities 13 1,345
b. Provisions 14 273
c. Misc. Exp not Written Off 15 -
d. Debit Balance of P&L A/c -
Application of Funds as per Balance Sheet (A) 42,206
Less: Other Assets SCH Amount

1 Loans (if any) 9
2 Fixed Assets (if any) 10 76
3 Cash & Bank Balance (if any) 11 113
4 Advances & Other Assets (if any) 12 1,035
5 Current Liabilities 13 1,345
6 Provisions 14 273
7 Misc. Exp not Written Off 15 -
8 Investments held outside India -
9 Debit Balance of P&L A/c -
TOTAL (B) 2,842
Investment Assets (A-B) 39,364
Section II
NON - LINKED BUSINESS
SH PH
Book Value FVC
+ UL Non Unit ACTUAL % Total Fund Market Value
Balance FRSM PAR NON-PAR (SH+PH) Amount
A: LIFE FUND % As per Reg. Res
(F)=(a+b+c+d
(a) (b) (c) (d) (e) (g) = (f-a) (h) (i)=(a+f+h) (j)
+e)
Not Less than
1 Central Govt. Sec 1,314.30 1,603.94 198.69 5,766.69 7,902.73 16,786.35 76.19% - 16,786.35 18,004.02
25%
Central Govt Sec, State Govt Sec or Other Not Less than
2 1,315.19 1,795.64 235.95 6,683.80 8,588.09 18,618.67 85.20% - 18,618.67 19,953.21
Approved Securities (incl (i) above) 50%
3 Investment subject to Exposure Norms
a. Housing & Infrastructure
Not Less than
1. Approved Investments - 129.12 76.30 667.52 896.65 1,769.59 8.71% - 1,769.59 1,884.57
15%
2. Other Investments - - - 21.53 31.69 53.23 0.26% - 53.23 45.02
b. i) Approved Investments Not exceeding 4.10 2.05 52.96 295.89 491.87 846.87 4.15% 53.64 900.50 911.04
ii) Other Investments 35% 138.95 - - 155.48 183.60 478.03 1.67% (1.32) 476.71 476.71
TOTAL LIFE FUND 100% 1,458.2 1,926.8 365.2 7,824.2 10,191.9 21,766.39 100.00% 52.32 21,818.71 23,270.55
Not exceeding
3 a.(ii) + 3 b.(ii) above 138.95 - - 177.01 215.29 531.26 1.93% (1.32) 529.94 521.73
15%
Not Less than

Total Housing & Infrastructure From 1, 2 & 3 - 316.19 113.57 1,281.33 1,613.70 3,324.79 16.37% - 3,324.79 3,530.86
15%
B. PENSION & GENERAL ANNUITY AND GROUP PH FVC

% As per Reg. Book Value ACTUAL % Total Fund Market Value
BUSINESS PAR NON-PAR Amount
(a) (b) (c)= (a+b) (d) (e) (f)=(c+e) (g)
1 Central Govt. Sec Not Less than 20% 129.02 1,106.77 1,235.79 69.94% - 1,235.79 1,277.62
Central Govt Sec, State Govt Sec or Other
2 Not Less than 40% 129.02 1,115.26 1,244.28 70.42% - 1,244.28 1,286.82
Approved Securities (incl (i) above)
3 Balance in Approved investment Not Exceeding 60% 15.00 507.60 522.60 29.58% 2.96 525.56 532.15
TOTAL PENSION, GENERAL ANNUITY FUND 100% 144.02 1,622.87 1,766.89 100.00% 2.96 1,769.85 1,818.97
LINKED BUSINESS
PH
C: LINKED FUNDS % As per Reg. TOTAL Fund ACTUAL %
PAR NON-PAR
(a) (b) (c)= (a+b) (d)
1 Approved Investments Not Less than 75% - 14,690.93 14,690.93 93.24%
2 Other Investments Not more than 25% - 1,064.83 1,064.83 6.76%
TOTAL LINKED INSURANCE FUND 100% - 15,755.76 15,755.76 100.00%
CERTIFICATION
Certified that the information given herein are correct, complete and nothing has been concealed or suppressed, to the best of my knowledge and belief.
Signature:
Date : 10-Oct-20 Cedric Fernandes
Chief of Finance
Note:1 (+) FRSM refers to 'Funds representing Solvency Margin'
2 Funds beyond Solvency Margin shall have a separate Custody Account.
3 Other Investments shall be as permitted as per Sec 27A (2) of Insurance Act, 1938 as amended from time to time
4 Pattern of Investment is applicable to both Shareholders funds representing solvency margin and policyholders funds.
5 Exposure Norms shall apply to Funds held beyond Solvency Margin, held in a separate Custody Account
Note: 1. In Unit Linked Funds Investment as per Form 3A and total investment as per Sch 8B of Balance sheet varies due to last day conversion / (redemption) amounting to 20.16 Crores
which remain univested as at 30-Sep-20 and forms part of Net Current Assets in Schedule 8B of Balance sheet.
Reconciliation Amt in Cr.
Portfolio Value 15,755.76
Last Day ULIP Conversion 20.16
Balance as per Sch 8B of Balance sheet 15,775.92
2. Balance Investment of the shareholderfund has not been considered for the purpose of pattern of Investment. However, the same is considered in the total Fund Value.
3. FVC includes Revaluation Reserve of Immovable Investment property of Rs. 40.93 crores in Life fund and Rs. 2.39 crores In Pension & General Annuity and Group Business
4. Life Fund includes Policy Loan of Rs 49.99 Crores
5. Investments of Unclaimed Funds are not included in Schedule 8A & 8B, the same forms part of Schedule 12 because the unclaimed liabilities forms part of Schedule 13
6. Infra exposure from Life Fund including the assets classified as Approved securities are 16.37%
7. Central Govt Sec, State Govt Sec or Other Approved Securities under Life and P&GA Fund includes Infrastructure assets Issued/Guaranteed by State/Central Govt. shown under ISAS catcode in Form 5
8. As of Sep 30, 2020, Company has provided provision for dimunition of Rs. 25 Cr as 100% NCD of DHFL Ltd.
FORM L-27-UNIT LINKED BUSINESS-3A Page 32
FORM 3A Link to Item 'C'
Unit Linked Insurance Business PART - B
Company Name & Code: Kotak Mahindra Old Mutual Life Insurance Limited (107) Link to item 'C' FORM 3A (Part A)
Periodicty of Submission: Quarterly Par / Non-Par
STATEMENT AS ON : 30/09/2020
Kotak Advantage Multiplier Fund Kotak Dynamic Floating Rate

Particulars Kotak Aggressive Growth Fund Dynamic Floor Fund Kotak Dynamic Balanced Fund Kotak Dynamic Bond Fund Kotak Dynamic Gilt Fund
II Fund
ULIF-018-13/09/04-AGRGWTFND- ULIF-028-14/11/06-DYFLRFND- ULIF-026-21/04/06-ADVMULFND2- ULIF-009-27/06/03-DYBALFND- ULIF-015-15/04/04-DYBNDFND- ULIF-020-07/12/04-DYFLTRFND- ULIF-006-27/06/03-DYGLTFND-
SFIN
107 107 107 107 107 107 107
Opening Balance (Market Value) 211.92 641.69 0.00 16.38 1,287.77 18.16 126.44
Add: Inflow during the Quarter 2.39 12.81 - 0.19 315.61 1.16 56.23
Increase / (Decrease) Value of Inv [Net] 19.93 1.01 (0.00) 0.74 2.18 0.10 (0.29)
Less: Outflow during the Quarter (6.00) (16.54) - (0.56) (239.10) (1.91) (33.53)
TOTAL INVESTIBLE FUNDS (MKT VALUE) 228.24 638.97 0.00 16.75 1,366.45 17.50 148.85
Kotak Advantage Multiplier Fund Kotak Dynamic Floating Rate

Investment Of Unit Fund Kotak Aggressive Growth Fund Dynamic Floor Fund Kotak Dynamic Balanced Fund Kotak Dynamic Bond Fund Kotak Dynamic Gilt Fund
II Fund
ULIF-018-13/09/04-AGRGWTFND- ULIF-028-14/11/06-DYFLRFND- ULIF-026-21/04/06-ADVMULFND2- ULIF-009-27/06/03-DYBALFND- ULIF-015-15/04/04-DYBNDFND- ULIF-020-07/12/04-DYFLTRFND- ULIF-006-27/06/03-DYGLTFND-
SFIN
107 107 107 107 107 107 107
Actual Inv. % Actual Actual Inv. % Actual Actual Inv. % Actual Actual Inv. % Actual Actual Inv. % Actual Actual Inv. % Actual Actual Inv. % Actual
Approved Investments (>=75%)
Central Govt Securities - - 239.84 37.54% 0.00 8.16% 3.84 22.94% 658.17 48.17% 6.45 36.83% 95.42 64.11%
State Governement Securities - - 74.15 11.60% 0.00 74.80% 0.34 2.04% 160.21 11.72% 6.75 38.54% 33.23 22.32%
Other Approved Securities - - 2.82 0.44% - - 0.30 1.81% 7.33 0.54% 0.84 4.78% 7.21 4.84%
Corporate Bonds - - 33.10 5.18% - - 0.20 1.22% 134.74 9.86% 0.99 5.68% - -
Infrastructure Bonds - - 125.41 19.63% - - 2.02 12.04% 263.08 19.25% - - - -
Equity 194.26 85.11% - - - - 7.54 45.02% - - - - - -
Money Market 9.75 4.27% 154.64 24.20% - - 1.75 10.45% 119.82 8.77% 2.20 12.57% 10.85 7.29%
Mutual Funds - - - - - - - - - - - - - -
Deposit with Banks 0.14 0.06% - 0.00% - - 0.00 0.03% - - - - - -
Sub Total (A) 204.15 89.45% 629.96 98.59% 0.00 82.96% 16.01 95.55% 1,343.34 98.31% 17.22 98.40% 146.72 98.56%
Current Assets:
Accrued Interest 0.00 0.00% 8.89 1.39% 0.00 1.71% 0.17 1.04% 22.81 1.67% 0.25 1.43% 2.12 1.43%
Dividend Recievable 0.02 0.01% - - - - 0.00 0.02% - - - - - -
Bank Balance 0.01 0.00% 0.05 0.01% 0.00 15.34% 0.03 0.21% 0.03 0.00% 0.03 0.18% 0.02 0.01%
Receivable for Sale of Investments - 0.00% - 0.00% - - - - - 0.00% - - - 0.00%
Other Current Assets (for Investments) 0.00 0.00 - - - - - - - - - - - -
Less: Current Liabilities
Payable for Investments (0.40) (0.00) - 0.00% - - - - - 0.00% - - - 0.00%
Fund Mgmt Charges Payable (0.01) -0.01% (0.04) -0.01% (0.00) -0.01% (0.00) 0.00% (0.05) 0.00% (0.00) 0.00% (0.00) 0.00%
Other Current Liabilities (for Investments) (0.00) 0.00% (0.00) 0.00% - - (0.00) 0.00% (0.00) 0.00% (0.00) 0.00% (0.00) 0.00%
Sub Total (B) (0.37) -0.16% 8.90 1.39% 0.00 17.04% 0.21 1.26% 22.79 1.67% 0.28 1.60% 2.14 1.44%
Other Investments (<=25%) - - - - - - -
Corporate Bonds - - 0.11 0.02% - - - - 0.32 0.02% - - - -
Infrastructure Bonds - - - - - - - - - - - - - -
Equity 24.46 10.72% - - - - 0.53 3.19% - - - - - -
Mutual funds - - - - - - - - - - - - - -
Others - - - - - - - - - - - - - -
Sub Total (C) 24.46 10.72% 0.11 0.02% - - 0.53 3.19% 0.32 0.02% - - - -
Total (A) + (B) + (C ) 228.24 100.00% 638.97 100.00% 0.00 100.00% 16.75 100.00% 1,366.45 100.00% 17.50 100.00% 148.85 100.00%
Fund Carried Forward (as per LB 2) 228.16 639.03 0.00 16.76 1,372.10 17.49 150.39
Date: 25-Oct-20
Note:
1. The aggregate of all the above Segregated Unit-
Funds should tally with item C of FORM 3A (Part A),
for both Par & Non Par Business
2. Details of Item 12 of FORM LB 2 of IRDA
(Acturial Report) Regulation, 2000 shall be
reconciled with FORM 3A (Part B)
3. Other Investments' are as permitted under Sec
27A(2)
4. In Unit Linked Funds Investment ,total investble
funds as per Form 3A (Part B) and Fund carried
forward (as per LB2) varies due to last day
conversion
Page 33
Kotak Group Short Term Bond Kotak Group Money Market Kotak Guaranteed Balanced
Kotak Dynamic Growth Fund Kotak Group Balanced Fund Kotak Group Bond Fund Kotak Group Floating Rate Fund Kotak Group Gilt Fund Kotak Guaranteed Growth Fund
Fund Fund Fund
ULIF-012-27/06/03-DYGWTFND- ULGF-003-27/06/03-BALFND- ULGF-004-15/04/04-BNDFND- ULGF-018-18/12/13-SHTRMBND- ULGF-005-07/12/04-FLTRFND- ULGF-001-27/06/03-MNMKFND- ULIF-010-27/06/03-GRTBALFND- ULIF-013-27/06/03-GRTGWTFND-
ULGF-002-27/06/03-GLTFND-107
107 107 107 107 107 107 107 107
50.72 845.65 1,855.72 96.55 114.00 122.22 258.87 55.74 502.10
0.37 137.47 159.34 1.28 21.55 106.22 0.23 0.28 4.51
3.75 45.98 6.15 0.77 0.92 (1.47) 0.98 0.19 1.14
(1.02) (8.25) (38.61) (0.63) (2.26) (2.37) (260.05) (2.99) (20.37)
53.82 1,020.84 1,982.60 97.97 134.21 224.60 0.02 53.22 487.39
Kotak Group Short Term Bond Kotak Group Money Market Kotak Guaranteed Balanced
Kotak Dynamic Growth Fund Kotak Group Balanced Fund Kotak Group Bond Fund Kotak Group Floating Rate Fund Kotak Group Gilt Fund Kotak Guaranteed Growth Fund
Fund Fund Fund
ULIF-012-27/06/03-DYGWTFND- ULGF-003-27/06/03-BALFND- ULGF-004-15/04/04-BNDFND- ULGF-018-18/12/13-SHTRMBND- ULGF-005-07/12/04-FLTRFND- ULGF-001-27/06/03-MNMKFND- ULIF-010-27/06/03-GRTBALFND- ULIF-013-27/06/03-GRTGWTFND-
ULGF-002-27/06/03-GLTFND-107
107 107 107 107 107 107 107 107
Actual Inv. % Actual Actual Inv. % Actual Actual Inv. % Actual Actual Inv. % Actual Actual Inv. % Actual Actual Inv. % Actual Actual Inv. % Actual Actual Inv. % Actual Actual Inv. % Actual
5.95 11.06% 231.70 22.70% 911.62 45.98% 20.78 21.21% 57.04 42.50% 173.44 77.22% - - 15.60 29.31% 131.49 26.98%
1.15 2.15% 40.67 3.98% 243.87 12.30% 14.53 14.83% 36.85 27.46% 28.37 12.63% - - 6.36 11.95% 55.20 11.32%
1.52 2.82% 8.92 0.87% 12.21 0.62% 1.98 2.02% 3.53 2.63% 6.77 3.02% - - 0.18 0.33% 1.09 0.22%
- - 40.18 3.94% 207.70 10.48% 11.49 11.72% 8.95 6.67% - - - - 3.20 6.02% 22.22 4.56%
4.79 8.90% 80.89 7.92% 365.39 18.43% 19.84 20.25% - - - - - - 9.76 18.34% 63.02 12.93%
33.17 61.63% 438.19 42.92% - - - - - - - - - - - - - 0.00%
1.10 2.04% 53.72 5.26% 207.88 10.49% 27.00 27.56% 52.81 39.35% 12.75 5.68% - 0.00% 17.40 32.70% 170.94 35.07%
- - - - - - - - - - - - - - - - - -
0.02 0.04% 0.28 0.03% - - - - - - - - - - - 0.00% - 0.00%
47.71 88.65% 894.56 87.63% 1,948.68 98.29% 95.61 97.59% 159.17 118.60% 221.34 98.55% - 0.00% 52.50 98.65% 443.95 91.09%
0.34 0.62% 7.42 0.73% 33.70 1.70% 2.33 2.38% 1.75 1.31% 3.25 1.45% - - 0.70 1.31% 5.34 1.10%
0.00 0.01% 0.04 0.00% - - - - - - - - - - - - - -
0.00 0.00% 0.05 0.00% 0.06 0.00% 0.04 0.04% 0.02 0.02% 0.02 0.01% 0.02 100.45% 0.02 0.04% 37.90 7.78%
0.46 0.86% 45.59 4.47% - 0.00% - - - - - - - - - 0.00% - 0.00%
0.00 0.00 0.01 0.00 - - - - - - - - - - - - - -
(0.49) -0.91% (4.49) -0.44% - 0.00% - - (26.73) (0.20) - - - - - 0.00% - 0.00%

(0.00) 0.00% (0.03) 0.00% (0.05) 0.00% (0.00) 0.00% (0.00) 0.00% (0.01) 0.00% (0.00) 0.00% (0.00) 0.00% (0.02) 0.00%
(0.00) 0.00% (0.00) 0.00% (0.01) 0.00% (0.00) 0.00% (0.00) 0.00% (0.00) 0.00% (0.00) -0.44% (0.00) 0.00% (0.00) 0.00%
0.31 0.58% 48.59 4.76% 33.70 1.70% 2.36 2.41% (24.96) -18.60% 3.27 1.45% 0.02 100.00% 0.72 1.35% 43.22 8.87%
- - - - - - - - -
- - - - 0.22 0.01% - - - - - - - - - - 0.22 0.04%
- - - - - - - - - - - - - - - - - -
5.80 10.77% 77.69 7.61% - - - - - - - - - - - - - -
- - - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - - - - - -
5.80 10.77% 77.69 7.61% 0.22 0.01% - - - - - - - - - 0.00% 0.22 0.04%
53.82 100.00% 1,020.84 100.00% 1,982.60 100.00% 97.97 100.00% 134.21 100.00% 224.60 100.00% 0.02 100.00% 53.22 100.00% 487.39 100.00%
53.77 978.96 1,986.91 98.01 134.25 224.68 43.18 53.19 487.23
Page 34
Kotak Pension Floating Rate Kotak Pension Opportunities

Kotak Opportunities Fund Kotak Pension Balanced Fund Kotak Pension Bond Fund Kotak Pension Floor Fund Kotak Pension Gilt Fund Kotak Pension Growth Fund Balanced Fund
Fund Fund
ULIF-011-27/06/03-PNBALFND- ULIF-017-15/04/04-PNBNDFND- ULIF-022-07/12/04-PNFLTRFND- ULIF-031-13/07/09-PNFLRFND- ULIF-008-27/06/03-PNGLTFND- ULIF-030-07/01/09- ULIF-032-17/07/09-PNOPPFND-
ULIF-029-02/10/08-OPPFND-107 ULIF-037-21/12/09-BALKFND-107
107 107 107 107 107 PNGWTFND-107 107
639.25 49.42 16.83 0.85 4.06 2.30 2.63 2.01 186.87
15.09 0.56 1.42 0.00 0.01 0.01 0.02 0.00 15.90
63.44 0.21 0.07 0.00 (0.02) 0.00 (0.00) 0.18 9.41
(18.80) (1.64) (9.44) (0.06) (1.03) (0.00) (0.18) (0.48) (19.27)
698.98 48.55 8.87 0.80 3.01 2.31 2.46 1.70 192.90
Kotak Pension Floating Rate Kotak Pension Opportunities

Kotak Opportunities Fund Kotak Pension Balanced Fund Kotak Pension Bond Fund Kotak Pension Floor Fund Kotak Pension Gilt Fund Kotak Pension Growth Fund Balanced Fund
Fund Fund
ULIF-011-27/06/03-PNBALFND- ULIF-017-15/04/04-PNBNDFND- ULIF-022-07/12/04-PNFLTRFND- ULIF-031-13/07/09-PNFLRFND- ULIF-008-27/06/03-PNGLTFND- ULIF-030-07/01/09- ULIF-032-17/07/09-PNOPPFND-
ULIF-029-02/10/08-OPPFND-107 ULIF-037-21/12/09-BALKFND-107
107 107 107 107 107 PNGWTFND-107 107
- - 11.89 24.49% 0.82 9.29% 0.37 47.00% 0.93 31.01% 0.69 29.63% 0.26 10.69% - - 43.12 22.35%
- - 6.07 12.49% 2.74 30.83% 0.34 42.28% 0.75 24.89% 0.99 42.61% 0.23 9.32% - - 9.27 4.80%
- - 0.37 0.76% 0.24 2.71% 0.05 6.29% 0.04 1.38% 0.22 9.58% 0.04 1.46% - - 2.86 1.48%
- - 2.94 6.06% 0.63 7.14% - - - - - - - - - - 7.96 4.13%
- - 10.58 21.79% 3.51 39.59% - - 0.32 10.53% - - 0.37 14.96% - - 17.67 9.16%
573.34 82.02% - 0.00% - - - - - - - - - - 1.26 73.96% 84.81 43.97%
26.35 3.77% 15.95 32.85% 0.75 8.45% - 0.00% 0.90 29.85% 0.35 15.14% 0.86 34.86% 0.30 17.63% 11.20 5.81%
- - - - - - - - - - - - - - - - - -
0.42 0.06% - 0.00% - - - - - 0.00% - - - 0.00% 0.00 0.06% 0.06 0.03%
600.11 85.85% 47.80 98.44% 8.70 98.02% 0.76 95.57% 2.94 97.66% 2.24 96.96% 1.76 71.29% 1.56 91.65% 176.95 91.73%
0.00 0.00% 0.73 1.50% 0.17 1.95% 0.01 1.70% 0.03 0.97% 0.03 1.16% 0.01 0.44% 0.00 0.00% 1.47 0.76%
0.31 0.04% - - - - - - - - - - - - 0.00 0.01% 0.01 0.01%
0.03 0.00% 0.03 0.06% 0.00 0.03% 0.02 2.73% 0.04 1.37% 0.04 1.89% 0.70 28.28% 0.00 0.24% 0.03 0.02%
3.78 0.54% - - - - - - - - - - - - - - 1.13 0.59%
- - - - - - - - - - - - - - - - 0.00 0.00
(1.85) -0.26% - 0.00% - - - - - - - - - - - - (1.56) -0.81%

(0.04) -0.01% (0.00) 0.00% (0.00) 0.00% (0.00) 0.00% (0.00) -0.01% (0.00) 0.00% (0.00) 0.00% (0.00) -0.01% (0.01) 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%
2.23 0.32% 0.76 1.56% 0.18 1.98% 0.04 4.43% 0.07 2.34% 0.07 3.04% 0.71 28.71% 0.00 0.25% 1.07 0.56%
- - - - - - - - -
- - - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - - - - - -
96.64 13.83% - 0.00% - - - - - - - - - - 0.14 8.10% 14.88 7.71%
- - - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - - - - - -
96.64 13.83% - 0.00% - - - - - 0.00% - - - - 0.14 8.10% 14.88 7.71%
698.98 100.00% 48.55 100.00% 8.87 100.00% 0.80 100.00% 3.01 100.00% 2.31 100.00% 2.46 100.00% 1.70 100.00% 192.90 100.00%
698.86 48.56 8.87 0.80 3.01 2.31 2.46 1.70 193.47
Page 35
Kotak Group Dynamic Floor

Classic Opportunities Fund Dynamic Floor Fund II Frontline Equity Fund Pension Guarantee Fund Pension Money Market Fund II Guarantee Fund Peak Guarantee Fund I Money Market Fund
Fund
ULIF-033-16/12/09-CLAOPPFND- ULIF-035-17/12/09-DYFLRFND2- ULIF-034-17/12/09-FRLEQUFND- ULIF-038-21/12/09-PNGRTFND- ULIF-039-28/12/09-PNMNMKFND- ULIF-049-14/02/10- ULGF-015-07/01/10-DYFLRFND- ULIF-041-05/01/10-MNMKKFND-
ULIF-048-05/02/10-GRTFND-107
107 107 107 107 107 PKGRTFND1-107 107 107
4,836.42 446.83 717.58 32.20 6.16 16.08 0.00 3.96 513.82
574.03 9.79 78.35 0.48 0.57 0.16 - 0.00 123.03
488.18 1.89 77.48 0.96 0.04 0.43 - 0.01 5.53
(557.64) (38.85) (84.02) (16.42) (3.93) (4.90) - (0.00) (149.22)
5,341.00 419.65 789.38 17.22 2.85 11.76 0.00 3.97 493.15
Kotak Group Dynamic Floor

Classic Opportunities Fund Dynamic Floor Fund II Frontline Equity Fund Pension Guarantee Fund Pension Money Market Fund II Guarantee Fund Peak Guarantee Fund I Money Market Fund
Fund
ULIF-033-16/12/09-CLAOPPFND- ULIF-035-17/12/09-DYFLRFND2- ULIF-034-17/12/09-FRLEQUFND- ULIF-038-21/12/09-PNGRTFND- ULIF-039-28/12/09-PNMNMKFND- ULIF-049-14/02/10- ULGF-015-07/01/10-DYFLRFND- ULIF-041-05/01/10-MNMKKFND-
ULIF-048-05/02/10-GRTFND-107
107 107 107 107 107 PKGRTFND1-107 107 107
- - 148.70 35.43% - - 1.52 8.81% - - 0.53 4.52% - - 1.23 31.06% - -

- - 54.92 13.09% - - 1.86 10.80% - - 0.55 4.69% - - 0.22 5.53% - -
- - 1.46 0.35% - - 0.17 1.01% - - 0.06 0.50% - - 0.22 5.61% - -
- - 30.79 7.34% - - 0.63 3.64% - - 0.71 6.06% - - 0.21 5.24% - -
- - 82.30 19.61% - - 3.74 21.70% - - 1.46 12.39% - - 0.60 15.15% - -
4,342.10 81.30% - - 664.44 84.17% 6.70 38.92% - - 4.01 34.09% - - - - - -
243.85 4.57% 95.01 22.64% 20.90 2.65% 2.65 15.39% 2.80 98.36% 4.45 37.83% - - 1.40 35.28% 493.14 100.00%
- - - - - - - - - - - - - - - - - -
3.17 0.06% - 0.00% 0.48 0.06% 0.01 0.04% - - 0.00 0.03% - - - 0.00% - -
4,589.13 85.92% 413.16 98.45% 685.82 86.88% 17.27 100.30% 2.80 98.36% 11.78 100.11% - - 3.88 97.88% 493.14 100.00%
0.02 0.00% 6.38 1.52% 0.00 0.00% 0.18 1.07% - - 0.08 0.65% - - 0.06 1.57% - -
2.34 0.04% - - 0.08 0.01% 0.01 0.04% - - 0.00 0.03% - - - - - -
0.05 0.00% 0.02 0.00% 0.00 0.00% 0.01 0.05% 0.05 1.64% 0.00 0.03% - - 0.02 0.56% 0.03 0.01%
28.41 0.53% - 0.00% - 0.00% - - - - - - - - - - - 0.00%
- - - - 0.01 0.00 - - - - - - - - - - - -
(14.37) -0.27% - 0.00% (0.23) -0.03% (0.50) (0.03) - - (0.24) (0.02) - - - - - -

(0.23) 0.00% (0.02) 0.00% (0.03) 0.00% (0.00) 0.00% (0.00) 0.00% (0.00) 0.00% - - (0.00) 0.00% (0.01) 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%
16.23 0.30% 6.38 1.52% (0.17) -0.02% (0.30) -1.74% 0.05 1.64% (0.16) -1.37% - - 0.08 2.12% 0.02 0.00%
- - - - - - - - - -
- - 0.11 0.03% - - - - - - - - - - - - - -
- - - - - - - - - - - - - - - - - -
735.64 13.77% - - 103.74 13.14% 0.25 1.44% - - 0.15 1.26% - - - - - -
- - - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - - - - - -
735.64 13.77% 0.11 0.03% 103.74 13.14% 0.25 1.44% - - 0.15 1.26% - - - - - -
5,341.00 100.00% 419.65 100.00% 789.38 100.00% 17.22 100.00% 2.85 100.00% 11.76 100.00% - - 3.97 100.00% 493.15 100.00%
5,351.55 419.60 789.64 17.22 2.85 11.66 - 3.97 493.43
Page 36
(Rs in Crores)
Pension Classic Opportunities Kotak Group Secure Capital

Pension Balanced Fund II Pension Frontline Equity Fund Pension Floor Fund II Discontinued Policy Fund Kotak Group Prudent Fund Total of all Funds
Fund Fund
ULIF-046-24/01/10-PNBALFND2- ULIF-042-07/01/10-PNCLAOPFND- ULIF-044-11/01/10-PNFRLEQFND- ULIF-043-08/01/10-PNFLRKFND2- ULIF-050-23/03/11-DISPOLFND- ULGF-016-12/04/11-SECCAPFND- ULGF-019-04/07/17-KGPFFND-
107 107 107 107 107 107 107
1.89 60.08 11.42 26.55 400.51 587.80 62.63 14,832.05
0.09 1.90 0.68 0.34 192.19 45.26 0.67 1,880.17
0.10 5.29 1.07 0.04 4.33 2.10 0.98 743.79
(1.66) (50.19) (9.14) (18.46) (73.89) (4.54) (2.28) (1,700.25)
0.41 17.07 4.02 8.46 523.15 630.61 61.99 15,755.76
Pension Classic Opportunities Kotak Group Secure Capital

Pension Balanced Fund II Pension Frontline Equity Fund Pension Floor Fund II Discontinued Policy Fund Kotak Group Prudent Fund Total
Fund Fund
ULIF-046-24/01/10-PNBALFND2- ULIF-042-07/01/10-PNCLAOPFND- ULIF-044-11/01/10-PNFRLEQFND- ULIF-043-08/01/10-PNFLRKFND2- ULIF-050-23/03/11-DISPOLFND- ULGF-016-12/04/11-SECCAPFND- ULGF-019-04/07/17-KGPFFND-
107 107 107 107 107 107 107
Actual Inv. % Actual Actual Inv. % Actual Actual Inv. % Actual Actual Inv. % Actual Actual Inv. % Actual Actual Inv. % Actual Actual Inv. % Actual Actual Inv. % Actual
0.05 10.96% - - - - 1.61 19.04% 160.55 0.31 299.88 47.55% 23.66 38.17% 3,247.16 20.61%
0.04 10.66% - - - - 1.81 21.35% - - 81.46 12.92% 8.87 14.31% 871.78 5.53%
0.06 14.50% - - - - 0.15 1.79% - - 5.32 0.84% 1.32 2.12% 67.27 0.43%
- - - - - - 0.94 11.08% - - 61.76 9.79% 4.34 6.99% 573.68 3.64%
- 0.00% - - - - 2.44 28.83% - - 110.01 17.44% 6.21 10.02% 1,173.40 7.45%
0.15 35.90% 12.46 72.96% 3.25 80.85% - - - - - - 8.77 14.15% 6,374.46 40.46%
0.05 12.10% 2.40 14.06% 0.30 7.46% 1.33 15.68% 386.90 73.96% 61.40 9.74% 6.65 10.73% 2,222.49 14.11%
- - - - - - - - - - - - - - - -
0.00 0.09% 0.03 0.17% 0.01 0.14% - 0.00% - - - - - - 4.62 0.03%
0.35 84.21% 14.89 87.19% 3.56 88.45% 8.27 97.77% 547.45 104.65% 619.82 98.29% 59.82 96.49% 14,534.87 92.25%
0.00 0.72% 0.00 0.00% 0.00 0.00% 0.18 2.10% 3.23 0.01 10.80 1.71% 0.68 1.09% 113.15 0.72%
0.00 0.00% 0.01 0.04% 0.00 0.01% - - - - - - 0.00 0.00% 2.83 0.02%
0.05 11.58% 0.04 0.23% 0.02 0.48% 0.01 0.13% 0.05 0.01% 0.01 0.00% 0.02 0.04% 39.61 0.25%
- 0.00% - 0.00% - 0.00% - - - 0.00% - 0.00% 0.22 0.36% 79.60 0.51%
- - - - - - - - - - - - 0.00 0.00 0.03 0.00
-
- - - - - - - - (27.58) (0.05) - 0.00% (0.08) -0.13% (78.52) -0.50%
(0.00) 0.00% (0.00) 0.00% (0.00) 0.00% (0.00) 0.00% (0.01) 0.00% (0.02) 0.00% (0.00) 0.00% (0.61) 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% (0.02) 0.00%
0.05 12.30% 0.05 0.27% 0.02 0.49% 0.19 2.23% (24.31) -4.65% 10.79 1.71% 0.84 1.36% 156.06 0.99%
- - - - - - - - -
- - - - - - - - - - - - - - 0.97 0.01%
- - - - - - - - - - - - - - - -
0.01 3.49% 2.14 12.54% 0.44 11.06% - - - - - - 1.34 2.15% 1,063.86 6.75%
- - - - - - - - - - - - - - - -
- - - - - - - - - - - - - - - -
0.01 3.49% 2.14 12.54% 0.44 11.06% - 0.00% - - - - 1.34 2.15% 1,064.83 6.76%
0.41 100.00% 17.07 100.00% 4.02 100.00% 8.46 100.00% 523.15 100.00% 630.61 100.00% 61.99 100.00% 15,755.76 100.00%
0.41 17.08 4.02 8.46 519.79 630.76 61.32 15,775.92
Cedric Fernandes
Chief of Finance
FORM L-28-ULIP-NAV-3A
FORM 3A Link to Item
Company Name & Code: Kotak Mahindra Life Insurance Company Limited (107) PART - C
Statement For The Period : 30-Sep-2020
Periodicty of Submission: Quarterly Link to Item 'C' of FORM 3A (Part A) Rs.Crore
30-Sep-19 30-Jun-19 31-Mar-19 31-Dec-18 Max Nav - Since Inception
S.No. Fund Name SFIN Date of Par/Non Assets Under NAV as per NAV as on Previous Qtr 2nd 3rd 4th Previous Annualised 3 year Highest NAV
Launch Par Management LB 2 the above NAV 30- Previous Qtr Previous Qtr Qtr NAV Return/Yield Rolling since
on the above date* Jun-2020 NAV 31- NAV 30-Sep-2019 CAGR inception
date Mar-2020 31-Dec-2019
1 Kotak Aggressive Growth Fund ULIF-018-13/09/04-AGRGWTFND-107 13-Sep-04 Non Par 228.24 81.78 81.78 74.74 61.95 86.61 82.95 -1.4% 3.36% 88.45
2 Dynamic Floor Fund ULIF-028-14/11/06-DYFLRFND-107 14-Nov-06 Non Par 638.97 29.18 29.18 29.13 28.15 31.76 30.80 -5.3% 2.28% 32.51
3 Kotak Advantage Multiplier Fund II ULIF-026-21/04/06-ADVMULFND2-107 21-Apr-06 Non Par 0.00 19.62 19.62 19.65 19.31 19.11 18.97 3.4% 3.58% 19.68
4 Kotak Dynamic Balanced Fund ULIF-009-27/06/03-DYBALFND-107 27-Jun-03 Non Par 16.75 71.32 71.32 68.23 61.70 72.91 70.20 1.6% 4.87% 74.23
5 Kotak Dynamic Bond Fund ULIF-015-15/04/04-DYBNDFND-107 15-Apr-04 Non Par 1,366.45 39.75 39.75 39.67 37.94 36.67 35.79 11.0% 8.46% 40.24
6 Kotak Dynamic Floating Rate Fund ULIF-020-07/12/04-DYFLTRFND-107 07-Dec-04 Non Par 17.50 30.50 30.50 30.33 29.62 29.17 28.77 6.0% 5.97% 30.52
7 Kotak Dynamic Gilt Fund ULIF-006-27/06/03-DYGLTFND-107 27-Jun-03 Non Par 148.85 36.65 36.65 36.70 35.23 33.99 33.28 10.1% 8.45% 37.15
8 Kotak Dynamic Growth Fund ULIF-012-27/06/03-DYGWTFND-107 27-Jun-03 Non Par 53.82 82.92 82.92 77.21 67.18 86.15 82.77 0.2% 4.21% 87.91
9 Kotak Group Balanced Fund ULGF-003-27/06/03-BALFND-107 27-Jun-03 Non Par 1,020.84 75.97 75.97 72.03 64.16 75.42 72.57 4.7% 6.31% 77.31
10 Kotak Group Bond Fund ULGF-004-15/04/04-BNDFND-107 15-Apr-04 Non Par 1,982.60 43.12 43.12 42.97 40.97 39.58 38.58 11.8% 9.03% 43.63
11 Kotak Group Floating Rate Fund ULGF-005-07/12/04-FLTRFND-107 07-Dec-04 Non Par 134.21 32.61 32.61 32.34 31.55 31.11 30.64 6.4% 6.54% 32.61
12 Kotak Group Gilt Fund ULGF-002-27/06/03-GLTFND-107 27-Jun-03 Non Par 224.60 38.34 38.34 38.39 36.72 35.44 34.72 10.4% 8.68% 38.87
13 Kotak Group Money Market Fund ULGF-001-27/06/03-MNMKFND-107 27-Jun-03 Non Par 0.02 16.40 16.40 16.32 16.19 14.21 14.23 15.3% 7.52% 24.76
14 Kotak Guaranteed Balanced Fund ULIF-010-27/06/03-GRTBALFND-107 27-Jun-03 Non Par 53.22 56.36 56.36 56.18 54.49 63.07 60.97 -7.6% 1.72% 64.49
15 Kotak Guaranteed Growth Fund ULIF-013-27/06/03-GRTGWTFND-107 27-Jun-03 Non Par 487.39 61.86 61.86 61.72 60.20 72.74 70.21 -11.9% -0.18% 74.38
16 Kotak Opportunities Fund ULIF-029-02/10/08-OPPFND-107 02-Oct-08 Non Par 698.98 49.90 49.90 45.38 38.13 52.96 50.60 -1.4% 2.33% 54.45
17 Kotak Pension Balanced Fund ULIF-011-27/06/03-PNBALFND-107 27-Jun-03 Non Par 48.55 57.01 57.01 56.77 55.11 63.65 61.56 -7.4% 1.56% 65.07
18 Kotak Pension Bond Fund ULIF-017-15/04/04-PNBNDFND-107 15-Apr-04 Non Par 8.87 39.75 39.75 39.68 38.18 36.79 35.90 10.7% 8.34% 40.17
19 Kotak Pension Floating Rate Fund ULIF-022-07/12/04-PNFLTRFND-107 07-Dec-04 Non Par 0.80 30.69 30.69 30.58 29.84 29.30 28.93 6.1% 6.10% 30.73
20 Kotak Pension Floor Fund ULIF-031-13/07/09-PNFLRFND-107 13-Jul-09 Non Par 3.01 18.37 18.37 18.49 18.10 20.27 19.69 -6.7% 1.65% 20.64
21 Kotak Pension Gilt Fund ULIF-008-27/06/03-PNGLTFND-107 27-Jun-03 Non Par 2.31 36.85 36.85 36.84 35.64 34.57 33.89 8.7% 7.97% 37.23
22 Kotak Pension Growth Fund ULIF-030-07/01/09-PNGWTFND-107 07-Jan-09 Non Par 2.46 26.01 26.01 26.02 25.67 30.86 29.83 -12.8% -0.39% 31.43
23 Kotak Pension Opportunities Fund ULIF-032-17/07/09-PNOPPFND-107 17-Jul-09 Non Par 1.70 28.86 28.86 26.23 22.50 30.12 28.79 0.3% 2.97% 31.02
24 Balanced Fund ULIF-037-21/12/09-BALKFND-107 21-Dec-09 Non Par 192.90 25.33 25.33 24.11 21.61 25.62 24.67 2.7% 5.14% 26.17
25 Classic Opportunities Fund ULIF-033-16/12/09-CLAOPPFND-107 16-Dec-09 Non Par 5,341.00 28.92 28.92 26.26 22.08 30.58 29.17 -0.8% 3.11% 31.45
26 Dynamic Floor Fund II ULIF-035-17/12/09-DYFLRFND2-107 17-Dec-09 Non Par 419.65 18.80 18.80 18.72 18.05 20.60 19.94 -5.7% 2.24% 21.09
27 Frontline Equity Fund ULIF-034-17/12/09-FRLEQUFND-107 17-Dec-09 Non Par 789.38 26.58 26.58 23.99 19.93 27.96 26.65 -0.2% 3.91% 28.56
28 Pension Guarantee Fund ULIF-038-21/12/09-PNGRTFND-107 21-Dec-09 Non Par 17.22 19.34 19.34 18.80 17.92 19.83 19.21 0.7% 4.19% 20.05
29 Pension Money Market Fund II ULIF-039-28/12/09-PNMNMKFND-107 28-Dec-09 Non Par 2.847 21.14 21.14 20.94 20.71 20.45 20.18 4.7% 5.99% 21.14
30 Guarantee Fund ULIF-048-05/02/10-GRTFND-107 05-Feb-10 Non Par 11.76 20.01 20.01 19.51 18.75 20.76 20.09 -0.4% 3.79% 20.99
31 Kotak Group Dynamic Floor Fund ULGF-015-07/01/10-DYFLRFND-107 07-Jan-10 Non Par 3.97 30.82 30.82 30.76 29.92 32.73 31.77 -3.0% 3.37% 33.42
32 Money Market Fund ULIF-041-05/01/10-MNMKKFND-107 05-Jan-10 Non Par 493.15 21.18 21.18 20.95 20.69 20.42 20.14 5.1% 6.13% 21.18
33 Pension Balanced Fund II ULIF-046-24/01/10-PNBALFND2-107 24-Jan-10 Non Par 0.41 25.32 25.32 23.82 21.08 24.93 24.07 5.2% 5.81% 25.66
34 Pension Classic Opportunities Fund ULIF-042-07/01/10-PNCLAOPFND-107 07-Jan-10 Non Par 17.07 29.44 29.44 27.08 22.70 31.43 29.97 -1.8% 2.75% 32.35
35 Pension Frontline Equity Fund ULIF-044-11/01/10-PNFRLEQFND-107 11-Jan-10 Non Par 4.02 28.24 28.24 25.72 21.51 29.59 28.28 -0.2% 4.07% 30.18
36 Pension Floor Fund II ULIF-043-08/01/10-PNFLRKFND2-107 08-Jan-10 Non Par 8.46 18.63 18.63 18.64 18.04 20.61 19.96 -6.7% 2.06% 21.09
37 Discontinued Policy Fund ULIF-050-23/03/11-DISPOLFND-107 23-Mar-11 Non Par 523.15 19.38 19.38 19.21 18.99 18.77 18.53 4.6% 5.63% 19.38
38 Kotak Group Secure Capital Fund ULGF-016-12/04/11-SECCAPFND-107 12-Apr-11 Non Par 630.61 23.71 23.71 23.62 22.53 21.78 21.24 11.6% 8.84% 23.99
39 Kotak Group Short Term Bond Fund ULGF-018-18/12/13-SHTRMBND-107 19-Oct-15 Non Par 97.97 14.28 14.28 14.17 13.72 13.49 13.24 7.9% 7.13% 14.30
40 Kotak Group Prudent Fund ULGF-019-04/07/17-KGPFFND-107 01-Jun-18 Non Par 61.99 12.66 12.66 12.46 11.68 11.99 11.66 8.6% NA 12.79
TOTAL 15,755.76
CERTIFICATION
Certified that the performance of all segregated funds have been placed and reviewed by the Board.
All information given herein are correct, complete and nothing has been concealed or suppressed, to the best of my knowledge and belief.
Note: 1) Post Redemption of all units on 12/03/2013, Kotak Group Money Market Fund was relaucnhed from 13/08/2013.
2) All units are redeemed on 17/06/2020, for Peak Guarantee Fund I
Signature:
Full Name Cedric Fernandes
Date: 25-Oct-20 Chief of Finance
Note:
1. * NAV should reflect the published NAV on the reporting date
FORM L-29 Detail regarding debt securities - Traditional
Insurer: Kotak Mahindra Life Insurance Company Ltd. Date: 30-Sep-20
(Rs in Crores)
Detail Regarding debt securities
MARKET VALUE Book Value
As at 30- As % of total As at 30- As % of total As at 30- As % of total As at 30- As % of total
09-2020 for this class 09-2019 for this class 09-2020 for this class 09-2019 for this class
Break down by credit
rating
AAA rated 4,145.65 17.33% 3,975.14 22.93% 3,917.01 17.47% 3,878.06 23.53%
AA or better 2.21 0.01% 342.42 1.98% 2.20 0.01% 339.96 2.06%
Rated below AA but above
- 0.00% 98.47 0.57% - 0.00% 103.08 0.63%
A
Rated below A but above B 26.27 0.11% - 0.00% 28.24 0.13% - 0.00%
Any other 62.73 0.26% 65.14 0.38% 68.97 0.31% 71.38 0.43%
Central Government 19,285.95 80.63% 11,827.40 68.24% 18,026.23 80.41% 11,118.28 67.45%
State Government 395.22 1.65% 1,024.10 5.91% 374.42 1.67% 973.33 5.90%
Total 23,918.03 100.00% 17,332.67 100.00% 22,417.06 100.00% 16,484.09 100.00%
Breakdown By Residual
maturity
Up to 1 year 263.14 1.10% 591.36 3.41% 268.79 1.20% 594.43 3.61%
more than 1 year and upto 3
231.13 0.97% 565.40 3.26% 226.81 1.01% 564.99 3.43%
years
More than 3 years and up to
1,250.77 5.23% 807.22 4.66% 1,211.76 5.41% 790.37 4.79%
7 years
More than 7 years and up to
2,842.07 11.88% 3,264.61 18.84% 2,659.24 11.86% 3,146.65 19.09%
10 years
More than 10 years and up
693.48 2.90% 459.85 2.65% 663.34 2.96% 450.25 2.73%
to 15 years
30.06 0.13% 14.90 0.09% 25.22 0.11% 14.13 0.09%
to 20 years
Above 20 years 18,607.38 77.80% 11,629.33 67.09% 17,361.90 77.45% 10,923.27 66.27%
Total 23,918.03 100.00% 17,332.67 100.00% 22,417.06 100.00% 16,484.09 100.00%
Breakdown by type of the

issurer
a. Central Government 19,499.35 81.53% 11,958.15 68.99% 18,239.63 81.36% 11,249.03 68.24%
b. State Government 395.22 1.65% 1,024.10 5.91% 374.42 1.67% 973.33 5.90%
c. Corporate Securities 4,023.46 16.82% 4,350.42 25.10% 3,803.01 16.96% 4,261.74 25.85%
Total 23,918.03 100.00% 17,332.67 100.00% 22,417.06 100.00% 16,484.09 100.00%
Note
1. In case of a debt instrument is rated by more than one agency, then the lowest rating will be taken for the purpose of classification.
2. The detail of ULIP and Non-ULIP will be given separately.
3. Market value of the securities will be in accordnace with the valuation method specified by the Authority under Accounting/ Investment regulations.
Date : 30-Oct-2020
Signature:
Chief of Finance
FORM L-29 Detail regarding debt securities - ULIP
Insurer: Kotak Mahindra Life Insurance Company Ltd. Date: 30-Sep-20
(Rs in Crores)
Detail Regarding debt securities
MARKET VALUE Book Value
As at As % of total As at As % of total As at As % of total As at As % of total
30-09-2020 for this class 30-09-2019 for this class 30-09-2020 for this class 30-09-2019 for this class
Break down by credit
rating
AAA rated 3,466.34 42.50% 4,510.07 73.03% 3,328.85 41.56% 4,423.43 72.89%
AA or better 5.83 0.07% 32.95 0.53% 5.83 0.07% 32.52 0.54%
Rated below AA but above
0.97 0.01% 3.14 0.05% 0.94 0.01% 3.14 0.05%
A
Rated below A but above B - 0.00% - 0.00% - 0.00% - 0.00%
Any other - 0.00% - 0.00% - 0.00% - 0.00%
Central Government 4,314.91 52.90% 1,367.71 22.15% 4,319.21 53.92% 1,354.35 22.32%
State Government 368.70 4.52% 261.80 4.24% 355.75 4.44% 255.15 4.20%
Total 8,156.76 100.00% 6,175.67 100.00% 8,010.58 100.00% 6,068.59 100.00%
Breakdown By Residual
maturity
Up to 1 year 2,411.40 29.56% 1,627.22 26.35% 2,408.64 30.07% 1,624.23 26.76%
more than 1 year and upto
806.74 9.89% 433.42 7.02% 773.11 9.65% 430.09 7.09%
3 years
2,051.19 25.15% 1,141.28 18.48% 2,013.52 25.14% 1,100.72 18.14%
to 7 years
1,113.11 13.65% 2,203.18 35.68% 1,024.43 12.79% 2,142.84 35.31%
to 10 years
427.37 5.24% 225.96 3.66% 431.04 5.38% 219.73 3.62%
to 15 years
4.83 0.06% 8.45 0.14% 4.30 0.05% 7.88 0.13%
to 20 years
Above 20 years 1,342.12 16.45% 536.15 8.68% 1,355.55 16.92% 543.10 8.95%
Total 8,156.76 100.00% 6,175.67 100.00% 8,010.58 100.00% 6,068.59 100.00%
Breakdown by type of the

issurer
a. Central Government 5,202.56 63.78% 1,909.11 30.91% 5,206.86 65.00% 1,895.75 31.24%
b. State Government 368.70 4.52% 261.80 4.24% 355.75 4.44% 255.15 4.20%
c. Corporate Securities 2,585.49 31.70% 4,004.76 64.85% 2,447.97 30.56% 3,917.70 64.56%
Total 8,156.76 100.00% 6,175.67 100.00% 8,010.58 100.00% 6,068.59 100.00%
Note
1. In case of a debt instrument is rated by more than one agency, then the lowest rating will be taken for the purpose of classification.
2. The detail of ULIP and Non-ULIP will be given separately.
3. Market value of the securities will be in accordnace with the valuation method specified by the Authority under Accounting/ Investment regulations.
Date : 30-Oct-2020
Signature:
Chief of Finance
FORM L-30-Related Party Transactions
Insurer: Kotak Mahindra Life Insurance Company Limited 30-Sep-20

(` in Lakhs)
Related Party Transactions
Sl No Name of the Related Party Relationship Nature of transaction Consideration paid / received*
For the Quarter Up to the For the Quarter Up to the
ended Quarter ended ended Quarter ended
30th Sep 2020 30th Sep 2020 30th Sep 2019 30th Sep 2019
1 Kotak Mahindra Bank Ltd Holding Company Purchase of Investment - - - 2,515
2 Kotak Mahindra Bank Ltd Holding Company Sale of Fixed Assets - - - 8
3 Kotak Securities Ltd Fellow Subsidiaries Brokerage Expenses 41 89 50 95
4 Kotak Mahindra Bank Ltd Holding Company Commission Paid 4,416 7,449 3,892 6,126
5 Kotak Securities Ltd Fellow Subsidiaries Commission Paid 2 4 2 6
6 Kotak Mahindra Prime Ltd Fellow Subsidiaries Commission Paid 0 0 0 0
7 Kotak Mahindra Bank Ltd Holding Company Bank Charges 98 139 56 151
8 Kotak Mahindra General Insurance Company Ltd Fellow Subsidiaries Insurance Premium Paid 10 16 6 7
Reimbursements from companies for
9 Kotak Mahindra Bank Ltd Holding Company Services provided 18 25 8 10
10 Kotak Mahindra General Insurance Company Ltd Fellow Subsidiaries Services provided 6 7 4 8
11 Kotak Mahindra Prime Ltd Fellow Subsidiaries Services provided 0 0 0 0
Reimbursements to companies for Services
12 Kotak Mahindra Bank Ltd Holding Company received 659 1,499 801 1,731
13 Kotak Securities Ltd Fellow Subsidiaries received 3 6 6 6
14 Kotak Mahindra Prime Ltd Fellow Subsidiaries received - - 2 3
Remuneration of Key Management
15 Key Management Personnel Key Management Personnel Personnel 42 136 161 259
16 Kotak Mahindra Prime Ltd Fellow Subsidiaries Interest Income 69 154 164 203
17 Kotak Mahindra Asset Management Company Ltd Fellow Subsidiaries Premium Income - - 0 2
18 Kotak Mahindra Bank Ltd Holding Company Premium Income 2 427 0 391
19 Kotak Mahindra Prime Ltd Fellow Subsidiaries Premium Income (0) 20 (1) 16
20 Kotak Securities Ltd Fellow Subsidiaries Premium Income (1) 37 30 36
21 Kotak Mahindra Capital Company Ltd Fellow Subsidiaries Premium Income (0) 4 4 5
22 Kotak Investment Advisors Ltd Fellow Subsidiaries Premium Income - 5 - 4
23 BSS MicroFinance Limited Fellow Subsidiaries Premium Income - - 2 3
Enterprises in which key management
24 Kotak Life Insurance Superannuation Fund personnel/Individual have significant influence Premium Income 5 9 9 9
25 Key Management Personnel Key Management Personnel Premium Income - 1 0 1
26 Kotak Life Insurance Superannuation Fund personnel/Individual have significant influence Superannuation Fund Contribution 5 9 9 9
27 Kotak Mahindra General Insurance Company Ltd Fellow Subsidiaries Premium Income 6 6 0 5
28 BSS MicroFinance Limited Fellow Subsidiaries Commission Paid 8 33 74 129
29 Kotak Mahindra Asset Management Company Ltd Fellow Subsidiaries Services provided 12 15 3 7
30 Kotak Mahindra General Insurance Company Ltd Fellow Subsidiaries received 4 9 6 12
31 Kotak Mahindra Investment Ltd Fellow Subsidiaries Premium Income (0) 3 (0) 2
Kotak Mahindra Life Insurance Employees Gratuity Enterprises in which key management
32 Fund personnel/Individual have significant influence Gratuity Fund Contribution - - 125 250
Kotak Mahindra Life Insurance Employees Gratuity Enterprises in which key management
33 Fund personnel/Individual have significant influence Premium Income - - 125 250
34 Kotak Investment Advisors Ltd Fellow Subsidiaries received - 10 - -
35 Komaf Financial Services Pvt Ltd personnel/Individual have significant influence Premium Income 3 3 3 3
FORM L-31 LNL - 6 : Board of Directors & Key Person
Insurer: KOTAK MAHINDRA LIFE INSURANCE COMPANY LIMITED Date: September 30, 2020
BOD and Key Person information

Sl. No. Name of person Role/designation Details of change in the period
1 Mr. Uday Kotak Chairman - Non-Executive Director
2 Mr. Shivaji Dam Non-Executive Director
3 Mr. Prakash Apte Independent Director
4 Mr. Paresh Parasnis Independent Director
5 Ms. Anita Ramachandran Independent Director - Woman Director
6 Mr. Gaurang Shah Non-Executive Director
7 Mr. Dipak Gupta Non-Executive Director
8 Mr. G. Murlidhar Managing Director
Key Persons as defined in Corporate Governance Guidelines issued on May 18, 2016
Sl. No. Name of person Role/designation Details of change in the period
Mr. Suresh Agarwal Head – Sales, Chief Distribution Officer Taken additional charge as Head - Human
1
Resources w.e.f. August 22, 2020
2 Mr. Sudhakar Shanbhag Chief Investment Officer
3 Mr. Sunil Sharma Appointed Actuary & Chief Risk Officer
4 Mr. Cedric Fernandes Chief Financial Officer
5 Mr. Muralikrishna Cheruvu Chief Compliance Officer and Company Secretary
6 Mr. Hitesh Veera Head - Operations
7 Mr. Amit Vaish Head - Human Resources Resigned w.e.f. August 21, 2020
8 Ms. Kirti Patil Head - Information Technology
Page 41 of 61
FORM L-32-SOLVENCY MARGIN - KT 3
(See Regulation 4)
Insurance Regulatory and Development Authority of India (Actuarial Report and Abstract for Life Insurance Business) Regulations, 2016.
AVAILABLE SOLVENCY MARGIN AND SOLVENCY RATIO.
Form Code: 015
Name of Insurer: Kotak Mahindra Life Insurance Company Limited Registration Number: 107 Classification Code: 1
Classification: Business Within India
Adjusted Value (Amount in Lakhs)

Item Description
As at 30th September 2020 As at 30th September 2019
(1) (2) (4)
01 Available Assets in Policyholders' Fund: 37,01,821 31,00,354
Deduct:
02 Mathematical Reserves 34,96,953 29,46,207
03 Other Liabilities 1,56,866 1,02,891
04 Excess in Policyholders' funds (01 - 02 - 03) 48,002 51,256
05 Available Assets in Shareholders Fund (including NFRSM): 3,44,942 2,82,188

Deduct:
06 Other Liabilities of shareholders’ fund 60 (0)
07 Excess in Shareholders' funds (05 - 06) 3,44,882 2,82,188
08 Total ASM (04)+(07) 3,92,884 3,33,444
09 Total RSM 1,30,772 1,08,983
10 Solvency Ratio (ASM/RSM) 3.00 3.06
Certification:
I, the Appointed Actuary, certify that the above statements have been prepared in accordance with the section 64VA of the Insurance Act, 1938, and Insurance Amendment Act, 2015, and
the amounts mentioned therein are true and fair to the best of my knowledge.
Place: Mumbai Name of Appointed Actuary

Date: 20-Oct-2020 R. Jayaraman
Notes
1. Item No. 01 shall be the amount of the Total Admissible Assets for Solvency as mentioned in Form IRDA-Assets-AA under Policyholders' A/C as specified in Insurance Regulatory and
Development Authority (Assets, Liabilities, and Solvency Margin of Insurers) Regulations, 2016;
2. Item No. 02 shall be the amount of Mathematical Reserves as mentioned in Form H;
3. Item Nos. 03 and 06 shall be the amount of other liabilities as mentioned in the Balance Sheet;
4. Item No. 05 shall be the amount of the Total Admissible Assets for Solvency as mentioned in Form IRDA-Assets-AA under Shareholders' A/C as specified in Insurance Regulatory and
Development Authority (Assets, Liabilities, and Solvency Margin of Insurers) Regulations, 2016;
Form L-33-NPAs-7A
FORM 7
(Read with Regulation 10)
Name of the Insurer: Kotak Mahindra Life Insurance Company Ltd.
Registration Number: 107
Statement as on : 30-Sep-20 Rs.Crore
DETAILS OF NON-PERFORMING ASSETS Name of Fund: Life Fund
Bonds / Debentures Loans Other Debt instruments All Other Assets TOTAL
NO PARTICULARS YTD ( As on 30th Prev. FY ( As on YTD ( As on 30th Prev. FY ( As on YTD ( As on 30th Prev. FY ( As on YTD ( As on 30th Prev. FY ( As on YTD ( As on 30th Prev. FY ( As on
Sep 2020) 31st Mar 2020) Sep 2020) 31st Mar 2020) Sep 2020) 31st Mar 2020) Sep 2020) 31st Mar 2020) Sep 2020) 31st Mar 2020)
1 Investments Assets (As per Form 5) 1,915.01 2,145.12 43.98 45.22 78.00 142.30 19,729.39 17,525.03 21,766.39 19,857.67
2 Gross NPA 25.0 24.98 - - - - - - 25.0 24.98
3 % of Gross NPA on Investment Assets (2/1) 1.30% 0.01 - - - - - - 0.11% 0.13%
4 Provision made on NPA 25.00 18.75 - - - - - - 25.00 18.75
5 Provision as a % of NPA (4/2) 100% 75% - - - - - - 100% 75%
6 Provision on Standard Assets - - 0.18 0.18 - - - - 0.18 0.18
7 Net Investment Assets (1-4) 1,890.01 2,126.37 43.98 45.22 78.00 142.30 19,729.39 17,525.03 21,741.39 19,838.92
8 Net NPA (2-4) (0.0) 6.23 - - - - - - (0.0) 6.23
9 % of Net NPA to Net Investment Assets (8/7) 0.00% 0.29% - - - - - - 0.00% 0.03%
10 Write off made during the period - - - - - - - - - -
Certification
Certified that the information given herein are correct and complete to the best of my knowledge. Also certified that the various investments made and covered in the return are within the exhaustive categories provided in Investment Guidelines as amended from time to
time.
Signature:
Date: 25-Oct-20 Cedric Fernandes
Chief of Finance
Note:
1. The above statement, in the case of 'Life' Insurers shall be prepared 'fund-wise' Viz. Life Fund, Pension & Group Fund, ULIP Fund and at Assets Under Management level also.
2. Total Investment Assets should reconcile with figures shown in Form 3A / 3B
3. Gross NPA is investments classified as NPA, before any provisions
4. Provision made on the 'Standard Assets' shall be as per Circular issued, as amended from time to time.
5. Net Investment assets is net of 'provisions'
6. Net NPA is gross NPAs less provisions
7. Write off as approved by the Board
8. As of Sep 30, 2020, Company has provided Rs.25 Cr for 100% of FV of NCD of DHFL Ltd as it has defaulted on interest payment on August 16, 2019 and the credit rating of which had been downgraded to “D”
Note: Investment Assets reconcile with figures shown in Schedule 8, 8A, 8B & 9 of the Balance Sheet excluding Policy loans in Schedule 9
Form L-33-NPAs-7A
FORM 7
DETAILS OF NON-PERFORMING ASSETS Name of Fund: Pension & General Annuity and Group Business
1 Investments Assets (As per Form 5) 381.71 225.84 - - 135.40 188.75 1,249.78 1,268.62 1,766.89 1,683.22
2 Gross NPA - - - - - - - - - -
3 % of Gross NPA on Investment Assets (2/1) - - - - - - - - - -
4 Provision made on NPA - - - - - - - - - -
5 Provision as a % of NPA (4/2) - - - - - - - - - -
6 Provision on Standard Assets - - - - - - - - - -
7 Net Investment Assets (1-4) 381.71 225.84 - - 135.40 188.75 1,249.78 1,268.62 1,766.89 1,683.22
8 Net NPA (2-4) - - - - - - - - - -
9 % of Net NPA to Net Investment Assets (8/7) - - - - - - - - - -
Certification
time.
Signature:
Chief of Finance
Note:
Form L-33-NPAs-7A
FORM 7
DETAILS OF NON-PERFORMING ASSETS Name of Fund: Unit Linked Funds
1 Investments Assets (As per Form 5) 1,748.05 3,170.16 - - 1,222.02 1,319.32 12,785.69 8,696.84 15,755.76 13,186.31
2 Gross NPA - - - - - - - - - -
3 % of Gross NPA on Investment Assets (2/1) - - - - - - - - - -
4 Provision made on NPA - - - - - - - - - -
5 Provision as a % of NPA (4/2) - - - - - - - - - -
6 Provision on Standard Assets - - - - - - - - - -
7 Net Investment Assets (1-4) 1,748.05 3,170.16 - - 1,222.02 1,319.32 12,785.69 8,696.84 15,755.76 13,186.31
8 Net NPA (2-4) - - - - - - - - - -
9 % of Net NPA to Net Investment Assets (8/7) - - - - - - - - - -
Certification
time.
Signature:
Chief of Finance
Note:
L-34- Yield on Investments -1
FORM - 1
Statement as on : 30-Sep-20 Name of the Fund: Life Business
Statement of Investment and Income on Investment
Periodicity of Submission: Quarterly Rs Crore
Current Quarter Year to Date (current year) Year to Date (previous year)3
Income on Income on Income on
Investment Investment - Investment - Gross Yield Investment Investment - Investment - Gross Net Yield Investment Investment - Investment - Gross Net Yield
No. Category of Investment Category Code Investment Net Yield (%)² Investment Investment
(Rs.)¹ Book Value Market Value (%)¹ (Rs.)¹ Book Value Market Value Yield (%)¹ (%)² (Rs.)¹ Book Value Market Value Yield (%)¹ (%)²
(Rs.) (Rs.) (Rs.)
A Government Securities
A01 Central Government Bonds CGSB 16,510.11 16,786.35 18,004.02 306.96 7.38 7.38 15,785.66 16,786.35 18,004.02 589.18 7.44 7.44 9,941.12 10,657.06 11,351.13 397.65 7.98 7.98
A02 Special Deposits CSPD - - - - - - - - - - - -
Deposit under Section 7 of
A03 CDSS - - - - - - - - - - - - - - - - - -
Insurance Act, 1938
A04 Treasury Bills CTRB - - - - - - - - - - - - - - - - - -
Government Securities/Other
B
Approved Securities
B01 Central Government Guaranteed CGSL - - - - - - - - - - - - - - - - - -
B02 State Government Bonds SGGB 326.38 326.26 343.61 10.83 13.16 13.16 486.63 326.26 343.61 53.65 21.99 21.99 760.83 701.34 745.61 41.48 10.88 10.88
B03 State Government Guaranteed SGGL - - - - - - - - - - - -
B04 Other Approved Securities SGOA 4.09 4.09 4.31 0.08 7.43 7.43 4.09 4.09 4.31 0.15 7.42 7.42 4.09 4.09 4.20 0.15 7.41 7.41
B05 Guaranteed Equity SGGE - - - - - - - - - - - -
Housing & Loans To State
C Govt. For Housing And Fire
Fighting Equipment
TAXABLE BONDS OF
Commercial Papers - NHB /
C04 HTLN - - - - - - - - - - - - - - - - - -
Institutions accredited by NHB
Bonds/Debentures issued by NHB
C08 HTDN 567.19 581.11 620.24 11.69 8.18 8.18 561.04 581.11 620.24 27.46 9.76 9.76 404.24 408.04 421.08 17.10 8.44 8.44
/ Institution accredited by NHB
C12 Debentures / Bonds / CPs / Loans HODS - - - - - - - - - - - - 49.83 45.66 40.24 6.70 26.82 26.82
Reclassified Approved
C18 HORD 24.99 24.99 18.75 (5.00) (79.36) (79.36) 24.99 24.99 18.75 (6.24) (49.79) (49.79) 24.99 24.99 18.75 (13.91) (111.02) (111.02)
Investments - Debt (Point 6 under
Infrastructure Investments
Infrastructure - Other Approved
C20 ISAS 1,473.65 1,501.98 1,601.28 31.47 8.47 8.47 1,379.89 1,501.98 1,601.28 58.08 8.39 8.39 967.09 1,035.49 1,067.39 39.04 8.05 8.05
Securities
Infrastructure - PSU - Equity
C21 ITPE - - - - - - - - - - - - - - - - - -
shares - Quoted
Infrastructure - Corporate
C22 ITCE - - - - - - - - - - - - - - - - - -
Securities - Equity shares-Quoted
LT Bank Bonds Approved
C28 ILBI 25.54 10.52 11.11 9.02 140.03 140.03 50.80 10.52 11.11 10.57 41.50 41.50 108.04 105.76 107.87 6.55 12.09 12.09
Investment– Infrastructure
TAXABLE BONDS OF
Infrastructure - PSU - Debentures
C29 IPTD 1,130.24 1,129.46 1,198.55 34.57 12.13 12.13 1,136.32 1,129.46 1,198.55 65.50 11.50 11.50 1,093.44 1,184.37 1,217.64 45.80 8.36 8.36
/ Bonds
C30 Infrastructure - PSU - CPs IPCP - - - - - - - - - - - - - - - - - -
Infrastructure - Other Corporate
C31 ICTD 73.59 48.50 54.68 1.61 8.68 8.68 87.62 48.50 54.68 3.17 7.22 7.22 226.65 226.58 233.13 10.25 9.02 9.02
Securities - Debentures/ Bonds
C32 ICCP - - - - - - - - - - - - - - - - - -
Securities - CPs
Infrastructure - Equity (including
C36 IOEQ - - - - - - - - - - - - - - - - - -
unlisted)
Infrastructure - Debentures /
C37 IODS - - - - - - - - - - - - - - - - - -
Bonds / CPs / loans
C43 Reclassified Approved Investments - DebtIORD
(Point 6 under Note for28.24
Regulation 4 to 9) 28.24 26.27 0.65 9.07 9.07 28.25 28.24 26.27 1.27 8.99 8.99 - - - - - -
Approved Investment Subject
D
To Exposure Norms
D01 PSU - Equity shares - quoted EAEQ - - - - - - - - - - - - - - - - - -
Corporate Securities - Equity
D02 EACE 143.85 169.10 181.81 (4.96) (13.68) (13.68) 127.04 169.10 181.81 (0.31) (0.49) (0.49) 695.90 803.85 964.56 34.69 9.94 9.94
shares (Ordinary)-quoted
Corporate Securities - Bonds -
D05 EPBT - - - - - - 50.04 - - 7.27 94.67 94.67 43.60 52.64 55.23 1.80 8.24 8.24
(Taxable)
D07 Corporate Securities - Preference EPNQ - - - - - - - - - - - - - - - - - -
D09 Corporate Securities - Debentures ECOS 92.20 92.20 102.73 2.06 8.86 8.86 97.74 92.20 102.73 4.70 9.60 9.60 484.28 410.18 417.07 22.91 9.43 9.43
Corporate Securities - Debentures
D10 / Bonds/ CPs /Loan - Promoter EDPG - - - - - - - - - - - - - - - - - -
Group
D12 Investment properties - EINP 155.07 155.07 196.00 3.96 10.13 10.13 155.07 155.07 196.00 7.92 10.19 10.19 154.82 155.07 187.22 7.19 9.26 9.26
D13 Loans - Policy Loans ELPL 47.20 49.99 49.99 1.25 10.54 10.54 45.86 49.99 49.99 2.44 10.62 10.62 34.31 37.52 37.52 1.80 10.45 10.45
Deposits - Deposit with Scheduled
D16 Banks, FIs (incl. Bank Balance ECDB 291.95 302.51 302.51 7.18 9.76 9.76 283.44 302.51 302.51 13.86 9.76 9.76 248.83 263.26 263.26 11.74 9.41 9.41
awaiting Investment), CCIL, RBI
Deposits - CDs with Scheduled
D17 EDCD - - - - - - - - - - - - - - - - - -
Banks
D18 Deposits - Repo / Reverse Repo - ECMR 132.91 78.00 78.00 1.04 3.10 3.10 184.70 78.00 78.00 2.73 2.95 2.95 71.47 98.90 98.90 1.99 5.55 5.55
D21 CCIL - CBLO ECBO - - - - - - - - - - - - - - - - - -
D22 Commercial Papers ECCP - - - - - - - - - - - - - - - - - -
D23 Application Money ECAM 95.00 - - - - - 29.62 - - - - - 3.10 - - - - -
Perpetual Debt Instruments of Tier
D24 EUPD 0.80 - - 0.01 8.40 8.40 0.80 - - 0.03 8.30 8.30 20.46 19.60 19.66 0.91 8.90 8.90
I & II Capital issued by PSU Banks
D25 I & II Capital issued by Non-PSU EPPD - - - - - - - - - - - - - - - - - -
Banks
Mutual Funds - Gilt / G Sec /
D29 EGMF - - - - - - - - - - - - - - - - - -
Liquid Schemes
Mutual Funds - (under Insurer's
D30 EMPG - - - - - - - - - - - - - - - - - -
Promoter Group)
Net Current Assets (Only in
D31 ENCA - - - - - - - - - - - -
respect of ULIP Business)
Additional Tier 1 (Basel III
D39 EAPB - - - - - - 42.15 - - (0.34) (14.03) (14.03) 95.31 55.01 55.69 7.85 16.42 16.42
Compliant) Perpetual Bonds –
Units of Real Estate Investment
D40 ERIT - - - - - - - - - - - - 34.29 34.00 45.92 0.26 1.53 1.53
Trust (REITs)
Units of Infrastructure Investment
D41 EIIT - - - - - - - - - - - - 49.64 49.60 46.41 8.44 33.91 33.91
Trust
E Other Investments
E01 Bonds - PSU - Taxable OBPT - - - - - - - - - - - -
Equity Shares (incl Co-op
E03 OESH 298.25 298.19 300.63 2.02 2.69 2.69 296.96 298.19 300.63 (0.09) (0.06) (0.06) 323.71 313.54 332.59 10.60 6.53 6.53
Societies)
E06 Debentures OLDB - - - - - - - - - - - - 100.02 25.02 25.57 5.65 11.26 11.26
E10 'Preference Shares OPSH 0.36 0.36 0.36 - - - 0.36 0.36 0.36 - - - 12.23 12.50 12.50 0.02 0.30 0.30
E14 Term Loans (without Charge) OTLW 44.39 43.98 43.98 0.85 7.60 7.60 44.70 43.98 43.98 1.75 7.83 7.83 46.79 46.39 46.39 2.05 8.74 8.74
Alternate Investment Funds
E11 OAFA 35.61 37.48 36.08 0.35 3.89 3.89 33.88 37.48 36.08 (0.72) (4.25) (4.25) 23.41 28.69 28.04 0.48 4.11 4.11
(Category I)
Alternative Investment Funds-
E12 OAFB 93.75 93.36 92.11 1.24 5.24 5.24 94.31 93.36 92.11 (0.71) (1.50) (1.50) 74.18 75.43 74.90 3.73 10.03 10.03
(Cateogory II)
E22 Debt Capital Instruments (DCI-Basel III) ODCI - - - - - - - - - - - - 19.99 - - 1.19 20.84 20.84
Passively Managed Equity ETF
E19 OETF - - - - - - - - - - - - - - - - - -
(Non Promoter Group)
Passively Managed Equity ETFs
E20 OETP - - - - - - - - - - - - - - - - - -
(Promoter Group)
Reclassified Approved Investments - Debt
E25 (Point 6 under Note for Regulation 4 to ORAD - - - - - - 15.13 - - 0.14 11.64 11.64 22.64 42.40 42.66 1.16 10.21 10.21
9)
Reclassified Approved Investments -
E26 Equity (Point 6 under Note for Regulation ORAE 4.67 4.67 3.55 - - - 4.94 4.67 3.55 1.37 55.33 55.33 54.95 67.58 75.57 0.21 0.77 0.77
4 to 9)
Mutual Funds - Debt / Income /
E15 OMGS - - - - - - - - - - - - - - - - - -
Serial Plans
E16 Mutual Funds (under Insurer's OMPG - - - - - - - - - - - - - - - -
TOTAL Grand Total 21,600.04 21,766.39 23,270.55 416.87 7.66 7.66 21,052.03 21,766.39 23,270.55 842.84 7.99 7.99 16,194.22 16,984.57 18,036.69 675.48 8.32 8.32
CERTIFICATION
Signature:
Note: Category of Investment (COI) shall be as per Guidelines, as amended from time to time
1 Based on daily simple Average of Investments
2 Yield netted for Tax
3 In the previous year column, the figures of the corresponding Year to date of the previous financial year shall be shown
4 FORM-1 shall be prepared in respect of each fund. In case of ULIP FORM 1 shall be prepared at Segregated Fund (SFIN) level and also at consolidated level.
L-34- Yield on Investments-1
FORM - 1
Statement as on : 30-Sep-20 Name of the Fund: General Annuity and Pension Business
Income Income
Income on
Investment Investment - Investment - on Gross Yield Investment Investment - Investment - Gross Net Yield Investment Investment - Investment - on Gross Net Yield
No. Category of Investment Category Code Net Yield (%)² Investment
(Rs.)¹ Book Value Market Value Investmen (%)¹ (Rs.)¹ Book Value Market Value Yield (%)¹ (%)² (Rs.)¹ Book Value Market Value Investme Yield (%)¹ (%)²
(Rs.)
t (Rs.) nt (Rs.)
A01 Central Government Bonds CGSB 1,173.20 1,235.79 1,277.62 30.93 10.57 10.57 1,180.92 1,235.79 1,277.62 59.62 10.07 10.07 325.77 393.37 408.31 15.03 9.20 9.20
A03 CDSS - - - - - - - - - - - - - - - - - -
Insurance Act, 1938
A04 Treasury Bills CTRB - - - - - - 49.59 - - 0.10 4.48 4.48 69.17 63.76 63.76 0.91 5.86 5.86
B
Approved Securities
Other Approved Securities
B04 SGOA - - - - - - - - - - - - - -
(excluding Infrastructure
Fighting Equipment
TAXABLE BONDS OF
C04 HTLN - - - - - - - - - - - - - - - - - -
C09 HTDN 162.36 173.73 175.46 4.16 10.28 10.28 142.21 173.73 175.46 6.86 9.62 9.62 98.19 95.85 97.51 4.99 10.14 10.14
C14 Debentures / Bonds / CPs / Loans HODS - - - - - - - - - - - - - - - - - -
Infrastructure - Other Approved
C20 ISAS 3.50 - - 0.47 189.65 189.65 3.50 - - 0.55 48.71 48.71 66.37 61.68 61.18 7.58 22.77 22.77
Securities
C21 ITPE - - - - - - - - - - - - - - - - - -
shares - Quoted
C22 ITCE - - - - - - - - - - - - - - - - - -
C28 ILBI - - - - - - 20.44 - - 0.24 10.16 10.16 24.68 24.71 25.03 0.97 8.05 8.05
TAXABLE BONDS OF
C29 IPTD 117.15 115.35 118.54 3.03 10.37 10.37 117.87 115.35 118.54 5.75 9.72 9.72 169.80 195.26 196.23 9.79 11.49 11.49
/ Bonds
C30 Infrastructure - PSU - CPs IPCP - - - - - - - - - - - - - - - - - -
C31 ICTD 3.32 1.90 2.07 0.05 6.59 6.59 4.16 1.90 2.07 0.17 8.08 8.08 5.00 5.00 5.18 0.23 9.14 9.14
C32 ICCP - - - - - - - - - - - - - - - - - -
Securities - CPs
C36 IOEQ - - - - - - - - - - - - - - - - - -
unlisted)
C37 IODS - - - - - - - - - - - - - - - - - -
Bonds / CPs / loans
C43 IORD - - - - - -
D - -
To Exposure Norms
D01 PSU - Equity shares - quoted EAEQ - - - - - - - - - - - - - - - - - -
D02 EACE 2.01 2.01 2.58 0.01 1.95 1.95 2.11 2.01 2.58 0.10 9.88 9.88 9.51 9.99 13.53 0.61 12.81 12.81
Corporate Securities - Bonds -
D05 EPBT 4.93 4.94 5.19 0.10 7.87 7.87 6.54 4.94 5.19 0.85 25.78 25.78 - - - - - -
(Taxable)
D07 Corporate Securities - Preference EPNQ - - - - - - - - - - - - - - - - - -
Corporate Securities - Debentures
D10 / Bonds/ CPs /Loan - Promoter EDPG - - - - - - - - - - - - 14.95 18.88 18.95 0.56 8.07 8.07
Group
D12 Investment properties - EINP 3.49 3.49 5.87 0.10 11.82 11.82 3.49 3.49 5.87 0.21 11.76 11.76 3.47 3.49 5.90 0.20 11.68 11.68
D13 Loans - Policy Loans ELPL - - - - - - - - - - - -
Deposits - CDs with Scheduled
D17 EDCD - - - - - - - - - - - - - - - - - -
Banks
D18 Deposits - Repo / Reverse Repo - ECMR 73.10 135.40 135.40 0.57 3.15 3.15 70.58 135.40 135.40 1.04 2.95 2.95 36.88 31.85 31.85 1.02 5.53 5.53
D21 CCIL - CBLO ECBO - - - - - - - - - - - - - - - - - -
D22 Commercial Papers ECCP - - - - - - - - - - - - 9.82 9.48 9.48 0.21 7.43 7.43
D23 Application Money ECAM - - - - - - - - - - - - 13.91 - - - - -
D24 EUPD - - - - - - - - - - - - 0.20 0.20 0.20 0.01 8.64 8.64
I & II Capital issued by PSU Banks
D25 I & II Capital issued by Non-PSU EPPD - - - - - - - - - - - - - - - - - -
Banks
D29 EGMF - - - - - - - - - - - - - - - - - -
Liquid Schemes
D30 EMPG - - - - - - - - - - - - - - - - - -
Promoter Group)
D31 ENCA - - - - - - - - - - - -
D41 EIIT - - - - - - - - - - - - - - - - - -
Trust
E Other Investments - -
Equity Shares (incl Co-op
E03 OESH - - - - - - - - - - - - - - - - - -
Societies)
E14 Term Loans (without Charge) OTLW - - - - - - - - - - - - - - - - - -
E19 OETF - - - - - - - - - - - - - - - - - -
E11 OAFA - - - - - - - - - - - - - - - - - -
(Category I)
E12 OAFB - - - - - - - - - - - - - - - - - -
(Cateogory II)
E20 OETP - - - - - - - - - - - - - - - - - -
(Promoter Group)
E06 Debentures OLDB - - - - - - - - - - - - - - - - - -
E10 'Preference Shares OPSH - - - - - - - - - - - - - - - - - -
E25 (Point 6 under Note for Regulation 4 to ORAD - - - - - - - - - - - - - - - - - -
9)
E26 Equity (Point 6 under Note for Regulation ORAE - - - - - - - - - - - - - - - - - -
4 to 9)
Mutual Funds - Debt / Income /
E15 OMGS - - - - - - - - - - - - - - - - - -
Serial Plans
E16 Mutual Funds (under Insurer's OMPG - - - - - - - - - - - - - - - - - -
TOTAL Grand Total 1,638.84 1,766.89 1,818.97 41.23 10.09 10.09 1,682.57 1,766.89 1,818.97 78.49 9.30 9.30 1,269.76 1,409.07 1,439.61 66.11 10.38 10.38
CERTIFICATION
Certified that the information given herein are correct and complete to the best of my knowledge and belief and nothing has been concealed or suppressed.
Signature:
Note: Category of Investment (COI) shall

1 Based on daily simple Average of
Investments
3 42972
L-34- Yield on Investments-1
FORM - 1
Statement as on : 30-Sep-20 Name of the Fund: Linked Life Insurance Business
Income on Income on Income on
Investment Investment - Investment - Gross Yield Investment Investment - Investment - Gross Net Yield Investment Investment - Investment - Gross Net Yield
No. Category of Investment Category Code Investment Net Yield (%)² Investment Investment
(Rs.)¹ Book Value Market Value (%)¹ (Rs.)¹ Book Value Market Value Yield (%)¹ (%)² (Rs.)¹ Book Value Market Value Yield (%)¹ (%)²
(Rs.) (Rs.) (Rs.)
A01 Central Government Bonds CGSB 2,806.93 3,255.53 3,247.16 (11.90) (1.70) (1.70) 1,987.57 3,255.53 3,247.16 56.74 5.69 5.69 984.25 733.32 744.11 102.53 20.78 20.78
A03 CDSS - - - - - - - - - - - - - - - - - -
Insurance Act, 1938
A04 Treasury Bills CTRB 1,117.33 1,000.48 1,000.48 12.51 4.49 4.49 1,156.28 1,000.48 1,000.48 26.35 4.55 4.55 341.47 557.93 557.93 11.09 6.48 6.48
B
Approved Securities
Other Approved Securities
B04 SGOA 67.68 63.20 67.27 0.74 4.39 4.39 67.52 63.20 67.27 3.19 9.41 9.41 65.08 63.10 65.67 3.67 11.24 11.24
(excluding Infrastructure
Fighting Equipment
TAXABLE BONDS OF
C04 HTLN 110.38 72.55 72.55 1.66 6.02 6.02 112.85 72.55 72.55 3.70 6.54 6.54 92.38 47.22 47.22 4.09 8.83 8.83
C09 HTDN 526.51 382.72 402.19 4.08 3.11 3.11 591.68 382.72 402.19 32.99 11.12 11.12 450.43 431.16 447.08 29.34 12.99 12.99
C14 Debentures / Bonds / CPs / Loans HODS - - - - - - - - - - - - - - - - - -
C20 Infrastructure - Other Approved ISAS 623.19 470.25 515.92 9.41 6.06 6.06 778.49 470.25 515.92 56.93 14.59 14.59 772.45 839.82 864.41 52.66 13.60 13.60
C21 ITPE 105.74 82.82 75.25 (11.52) (43.68) (43.68) 93.42 82.82 75.25 (1.00) (2.14) (2.14) 163.27 167.23 173.39 (9.21) (11.25) (11.25)
shares - Quoted
C22 ITCE 329.85 264.33 273.26 (68.88) (83.76) (83.76) 343.70 264.33 273.26 14.97 8.69 8.69 98.79 213.96 214.12 2.57 5.19 5.19
C28 ILBI 26.45 23.96 26.21 0.27 4.14 4.14 62.51 23.96 26.21 1.91 6.09 6.09 120.94 167.57 169.06 7.46 12.31 12.31
TAXABLE BONDS OF
C29 IPTD 703.46 596.36 645.12 9.25 5.27 5.27 858.62 596.36 645.12 48.48 11.26 11.26 1,165.63 1,363.40 1,392.11 75.59 12.93 12.93
/ Bonds
C30 Infrastructure - PSU - CPs IPCP 48.08 48.12 48.12 0.08 4.29 4.29 36.53 48.12 48.12 0.14 4.51 4.51 58.44 - - 1.70 7.32 7.32
C31 ICTD 100.94 91.97 99.88 1.51 5.99 5.99 100.72 91.97 99.88 5.30 10.50 10.50 99.07 94.00 99.05 5.98 12.03 12.03
C32 Infrastructure - Other Corporate ICCP - - - - - - - - - - - - - - - - - -
C36 IOEQ - - - - - - - - - - - - - - - - - -
unlisted)
C37 IODS - - - - - - - - - - - - - - - - - -
Bonds / CPs / loans
C43 IORD - - - - - -
D
To Exposure Norms
D01 PSU - Equity shares - quoted EAEQ 187.55 224.49 205.91 (13.29) (28.43) (28.43) 172.15 224.49 205.91 12.77 14.80 14.80 281.20 295.76 348.55 53.56 37.99 37.99
D02 EACE 5,712.54 4,618.89 5,814.34 778.60 54.67 54.67 5,232.50 4,618.89 5,814.34 1,713.34 65.31 65.31 5,752.67 4,795.71 6,022.25 205.79 7.14 7.14
D05 Corporate Securities - Bonds - EPBT 117.38 113.05 116.29 1.16 3.96 3.96 137.54 113.05 116.29 8.68 12.59 12.59 341.06 393.10 401.82 23.27 13.61 13.61
Corporate Securities - Preference
D07 EPNQ 0.38 0.00 0.39 0.01 11.35 11.35 0.37 0.00 0.39 0.07 38.02 38.02 0.70 0.00 0.70 (0.03) (9.39) (9.39)
Shares
D10 Corporate Securities - Debentures EDPG 33.94 14.20 14.32 1.11 13.07 13.07 37.86 14.20 14.32 2.95 15.55 15.55 37.62 59.14 59.34 1.69 8.98 8.98
D13 Loans - Policy Loans ELPL - - - - - - - - - - - -
D17 Deposits - CDs with Scheduled EDCD - - - - - - - - - - - - - - - - - -
Deposits - Repo / Reverse Repo -
D18 ECMR 736.72 887.65 887.65 5.80 3.16 3.16 783.60 887.65 887.65 11.70 2.98 2.98 592.75 541.40 541.40 16.59 5.58 5.58
Govt Securities
D21 CCIL - CBLO ECBO - - - - - - - - - - - - - - - - - -

D22 Commercial Papers ECCP 199.40 213.69 213.69 2.80 5.64 5.64 179.16 213.69 213.69 5.29 5.89 5.89 194.92 153.99 153.99 7.57 7.75 7.75
D23 Application Money ECAM 22.09 - - - - - 30.28 - - - - - 24.70 - - - - -
D24 Perpetual Debt Instruments of Tier EUPD 9.64 - - 0.16 7.27 7.27 9.76 - - 0.33 7.25 7.25 10.37 10.22 10.38 0.46 8.83 8.83
D25 Perpetual Debt Instruments of Tier EPPD - - - - - - - - - - - - - - - - - -
D29 EGMF - - - - - - - - - - - - - - - - - -
Liquid Schemes
D30 EMPG - - - - - - - - - - - - - - - - - -
Promoter Group)
D31 ENCA 156.06 156.06 156.06 - - - 156.06 156.06 156.06 - - - 128.24 128.24 128.24 - - -
D32 EETF 4.00 5.20 5.33 0.13 81.87 81.87 4.00 5.20 5.33 0.13 76.41 76.41 - - - - - -
D41 EIIT - - - - - - - - - - - - - - - - - -
Trust
E
Other Investments
E03 Equity Shares (incl Co-op OESH 202.46 242.26 276.20 46.47 92.06 92.06 152.62 242.26 276.20 69.53 90.87 90.87 124.62 62.85 62.22 (11.72) (18.76) (18.76)
E19 OETF 420.26 538.06 397.83 1.72 1.64 1.64 423.61 538.06 397.83 44.24 20.83 20.83 643.79 662.83 699.92 (20.34) (6.30) (6.30)
E11 OAFA - - - - - - - - - - - - - - - - - -
(Category I)
E12 OAFB - - - - - - - - - - - - - - - - - -
(Cateogory II)
E20 OETP 248.37 258.39 238.64 0.65 1.05 1.05 235.42 258.39 238.64 25.36 21.48 21.48 332.35 248.67 349.00 (24.83) (14.90) (14.90)
(Promoter Group)
E10 'Preference Shares OPSH - - - - - - - - - - - - - - - - - -
E25 (Point 6 under Note for Regulation 4 to ORAD 0.98 0.94 0.97 0.01 4.46 4.46 1.13 0.94 0.97 0.06 10.27 10.27 3.12 3.14 3.14 0.17 10.87 10.87
9)
E26 ORAE 148.26 180.53 151.20 12.66 34.26 34.26 148.70 180.53 151.20 32.61 43.74 43.74 426.00 290.97 309.72 (53.86) (25.22) (25.22)
Equity (Point 6 under Note for Regulation
E15 Mutual Funds - Debt / Income / OMGS - - - - - - - - - - - - - - - - - -
Mutual Funds (under Insurer's
E16 OMPG - - - - - - - - - - - - - - - - - -
Promoter Group)
TOTAL Grand Total 15,608.92 14,586.21 15,755.76 799.40 20.54 20.54 14,891.88 14,586.21 15,755.76 2,265.81 30.35 30.35 14,034.35 12,942.68 14,491.65 524.12 7.45 7.45
CERTIFICATION
Certified that the information given herein are correct and complete to the best of my knowledge and belief and nothing has been concealed or suppressed.
Signature:
Note: Category of Investment (COI) shall

1 Based on daily simple Average of
Investments
3 In the previous year column, the figures of the corresponding Year to date of the previous financial year shall be shown
Form L-35-Downgrading Of Investments - 2
FORM - 2
(Read with Regulation 10) PART - A
Name of the Insurer: Kotak Mahindra Life Insurance Company Ltd..
Statement as on: 30-Sep-20 Name of Fund Life Fund
Statement of Down Graded Investments
Periodicity of Submission: Quarterly
Rs Crore
Date of Date of
No Name of the Security COI Amount Rating Agency Original Grade Current Grade Remarks
Purchase Downgrade
A. During the Quarter ¹
Nil Nil Nil Nil Nil Nil Nil Nil
B. As on Date ²
9.05% Essel Lucknow Raebareli Toll Roads Ltd 31.03.2026
IORD 28.24 02-Aug-16 INDIA RATING INDIA RATING - AAA INDIA RATING - BBB- 10-Feb-20
8.89% IDFC Bank - 02.12.20 ECOS 2.20 26-Jun-14 ICRA ICRA - AAA ICRA - AA 21-May-19
9.10% DHFL - 16.08.2021 HORD 24.99 22-Aug-16 CARE CARE - AAA CARE - D 06-Jun-19
CERTIFICATION
Signature
Chief Finance Officer
Note:
1 Provide details of Down Graded Investments during the Quarter.
2 Investments currently upgraded, listed as Down Graded during earlier Quarter shall be deleted from the Cumulative listing.
4 Category of Investmet (COI) shall be as per INV/GLN/001/2003-04
FORM - 2
Statement as on: 30-Sep-20 Name of Fund General Annuity and Pension Fund
Rs Crore
Date of Date of
Purchase Downgrade
B. As on Date ²
CERTIFICATION
Signature
Note:
FORM - 2
Statement as on: 30-Sep-20 Name of Fund Linked Fund
Rs Crore
Date of Date of
Purchase Downgrade
B. As on Date ²
9.00% SAIL - 14.10.2024 ORAD 0.97 15-Jan-15 INDIA RATING INDIA RATING - AAA INDIA RATING - AA- 03-Aug-17
8.89% IDFC Bank - 02.12.20 ECOS 5.83 06-May-13 ICRA ICRA - AAA ICRA - AA 21-May-19
CERTIFICATION
Signature
Note:
FORM L-36 :Premium and number of lives covered by policy type
Sl. No Particulars CURRENT QUARTER SAME QUARTER PREVIOUS YEAR Up to the period Same period of the previous year
Premium No. of No. of Lives Sum Insured, Premium No. of No. of Lives Sum Insured, Premium No. of No. of Lives Sum Insured, Premium No. of No. of Lives Sum Insured,
Policies Wherever Policies Wherever Policies Wherever Policies Wherever
applicable applicable applicable applicable
1 First year Premum
i Individual Single Premium- (ISP)
From 0-10000 17.15 8577 7831 428.85 12.74 6,368.00 6,368.00 318.40 26.37 13183 12436 659.15 38.03 19013 19013 950.65
From 10,001-25,000 16.49 107 107 1,627.66 15.58 102.00 102.00 1,420.73 24.24 160 161 2,485.89 23.95 156 156 2,178.33
From 25001-50,000 18.62 50 50 1,069.31 11.93 35.00 35.00 865.62 23.21 62 62 1,412.54 17.49 52 52 1,264.75
From 50,001- 75,000 6.79 11 11 367.24 9.10 15.00 15.00 762.63 8.97 15 15 541.49 11.85 20 20 977.63
From 75,000-100,000 130.19 133 130 1,242.73 98.93 99.00 96.00 574.75 232.97 236 231 1,640.48 178.39 179 174 898.81
From 1,00,001 -1,25,000 57.56 53 53 1,108.45 10.44 9.00 9.00 172.46 70.18 64 64 1,141.36 25.75 22 21 237.29
Above Rs. 1,25,000 17,318.24 2500 2420 1,72,405.26 9,984.77 840.00 798.00 1,00,680.14 25,924.36 3643 3476 2,57,104.39 16,616.17 1431 1319 1,70,673.77
ii Individual Single Premium (ISPA)- Annuity

From 0-50000 - - 0 - 0.00 - - 0.00 - - 0 - 0.00 0 0 0.00
From 50,001-100,000 - 0 0 0.00 0.00 - - 0.00 - 0 0 0.00 1.00 1 1 0.16
From 1,00,001-150,000 9.55 7 7 0.95 7.20 5 5 0.70 9.55 7 7 0.95 9.69 7 7 0.98
From 150,001- 2,00,000 35.38 19 19 5.16 122.36 63.00 60.00 8.56 50.80 27 27 8.86 201.24 104 95 14.27
From 2,00,001-250,000 473.69 201 219 32.08 156.46 66.00 61.00 10.96 706.48 302 327 52.99 219.09 93 86 15.25
From 2,50,001 -3,00,000 424.81 147 177 27.84 140.17 49.00 50.00 10.17 744.27 256 297 46.66 220.37 77 80 16.01
Above Rs. 3,00,000 7,074.29 648 750 500.74 5,995.30 325.00 355.00 424.23 11,078.33 1011 1166 767.71 8,066.38 464 497 631.41
iii Group Single Premium (GSP)

From 0-10000 -106.48 33 -11343 3,358.58 -9.66 32 -9084 -16,468.79 -398.27 53 -41781 -36,776.63 -7.33 61 -12844 -31,477.12
From 10,001-25,000 23.51 10 6352 624.05 17.52 4 3168 1,777.19 40.14 11 11077 2,331.11 31.04 9 4607 2,453.95
From 25001-50,000 44.24 6 15475 458.47 28.24 2 6245 2,832.05 73.11 6 21342 3,383.22 54.59 7 8869 5,258.78
From 50,001- 75,000 34.34 2 12757 4,440.97 26.13 2 4815 2,870.43 70.85 5 18942 7,707.06 51.40 4 7545 5,060.27
From 75,000-100,000 45.86 3 15016 5,625.95 39.23 0 5580 3,751.15 75.06 4 20474 8,427.20 63.07 1 8036 5,757.65
From 1,00,001 -1,25,000 39.63 1 21859 5,420.15 18.07 0 1670 1,858.76 70.12 1 26568 8,543.61 50.22 1 4838 4,360.45
Above Rs. 1,25,000 17,704.84 6 2469136 16,75,279.27 25,425.26 8 3065634 21,98,919.35 26,295.96 13 3885384 24,28,646.43 55,608.27 20 6614780 45,97,738.89
iv Group Single Premium- Annuity- GSPA

From 0-50000 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
From 50,001-100,000 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
From 1,00,001-150,000 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
From 150,001- 2,00,000 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
From 2,00,001-250,000 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
From 2,50,001 -3,00,000 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
Above Rs. 3,00,000 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
v Individual non Single Premium- INSP

From 0-10000 410.73 6812 6778 3,92,521.33 223.63 3514 3,493 2,05,750.46 906.77 15101 14989 8,65,060.12 344.63 5399 5366 3,19,862.85
From 10,001-25,000 2,687.16 15501 13810 5,94,917.94 4,026.31 19800 16,283 3,60,679.76 4,912.44 28628 26321 11,33,389.30 6,844.92 33950 28331 6,10,300.05
From 25001-50,000 8,540.65 25213 25811 3,36,052.47 9,251.56 26626 25,368 2,48,952.57 14,612.82 43456 44431 5,71,195.04 14,282.96 40913 39144 4,13,661.48
From 50,001- 75,000 4,459.23 8073 8663 1,09,712.37 4,339.25 7667 7,774 87,148.77 7,315.06 13203 14072 1,83,386.45 6,598.34 11705 11882 1,48,614.90
From 75,001-100,000 4,158.45 4317 4455 63,741.03 4,074.99 4309 4,255 66,380.04 6,634.92 6865 7078 1,06,691.50 6,329.11 6696 6619 1,06,648.93
From 1,00,001 -1,25,000 3,812.11 3595 3909 62,001.09 2,672.02 2491 2,608 46,430.47 6,113.25 5744 6218 1,00,264.63 4,007.89 3745 3949 76,266.10
Above Rs. 1,25,000 9,315.69 3749 3764 1,31,246.83 10,575.68 4023 3,924 1,71,315.77 14,848.03 5800 5771 2,03,112.23 17,659.04 6447 6298 2,95,434.54
vi Individual non Single Premium- Annuity- INSPA

From 0-50000 23.08 71 68 401.14 9.71 27 27 104.21 44.51 126 121 756.35 16.00 43 43 167.54
From 50,001-100,000 55.97 85 83 836.82 19.24 25 23 260.23 97.04 146 143 1,530.71 30.17 41 39 375.08
From 1,00,001-150,000 48.38 46 45 840.29 16.84 14 14 187.14 84.95 78 76 1,442.98 22.79 19 19 243.86
From 150,001- 2,00,000 28.90 16 16 321.06 10.43 6 6 198.01 43.13 25 25 516.19 16.01 9 9 250.01
From 2,00,001-250,000 37.56 17 17 374.50 15.42 7 7 171.05 56.26 26 26 629.66 19.63 9 9 208.75
From 2,50,001 -3,00,000 14.77 6 6 185.66 8.69 3 3 123.84 17.29 7 7 207.57 11.29 4 4 146.29
Above Rs. 3,00,000 85.62 15 15 1,112.19 40.13 7 7 449.26 212.08 35 33 2,739.33 52.69 9 9 626.39
vii Group Non Single Premium (GNSP)

From 0-10000 -43.62 77 114255 -47,423.96 -114.22 70 132418 -43,615.01 -115.76 222 311631 -66,308.65 -163.50 179 230686 -54,791.51
From 10,001-25,000 4.23 1 2176 7,888.43 6.53 0 1799 10,085.89 7.02 2 4448 12,720.02 14.01 4 31577 22,901.94
From 25001-50,000 6.56 2 30357 9,339.10 7.28 0 1935 14,435.28 12.04 2 30557 21,025.30 19.55 2 5902 22,768.23
From 50,001- 75,000 5.24 1 1050 8,563.52 7.04 1 2841 4,658.04 10.77 3 1788 17,921.80 17.05 4 7536 7,829.21
From 75,001-100,000 5.48 2 335 8,659.34 8.48 1 1952 6,724.88 9.04 5 483 10,360.20 15.15 5 5653 8,676.73
From 1,00,001 -1,25,000 6.68 5 866 6,073.10 4.33 0 152 5,464.73 11.17 9 1417 8,925.14 8.90 0 2129 6,896.29
Above Rs. 1,25,000 21,916.62 69 51340 7,99,841.60 16,079.74 49 126850 4,10,981.51 33,646.46 123 79173 12,32,002.55 29,871.41 104 370916 20,20,764.67
viii Group Non Single Premium- Annuity- GNSPA

From 0-10000 0.00 2.00 3,503.00 8,246.00 0.00 3.00 42,299.00 7,972.79 0.00 10.00 6,683.00 371.70 0.00 10.00 42,560.00 17,281.50
From 10,001-25,000 0.50 - 7.44 0.88 - (1.00) -29.88 0.50 - 7.44 1.13 0.00 -1.00 -17.05
From 25001-50,000 3.58 (1.00) 34.44 2.27 - - 5.85 4.78 (1.00) 45.09 3.84 0.00 0.00 10.99
From 50,001- 75,000 0.58 - 2.08 1.75 0.00 0.00 4.53 1.22 - 2.42 3.50 0.00 0.00 11.46
From 75,001-100,000 2.86 (1.00) 2.64 1.00 0.00 0.00 1.30 3.82 (1.00) 3.82 1.00 0.00 0.00 1.30
From 1,00,001 -1,25,000 2.29 0.00 23.40 0.00 - - 0.00 3.46 0.00 23.73 0.00 0.00 0.00 0.00
Above Rs. 1,25,000 9,980.04 3.00 618.00 220.82 16,875.16 3.00 4,036.00 15,949.29 10,907.89 4.00 646.00 647.31 36,569.92 6.00 4,118.00 36,298.93
Sub Total (A) 1,08,938.08 80192 2812964 43,69,766.35 1,10,273.96 76670 3464055 39,21,580.33 1,65,527.67 138679 4516410 70,96,794.43 2,04,078.09 131025 7460149 88,28,451.66
2 Renewal Premium
i Individual
From 0-10000 1,201.73 26164 25758 6,05,176.63 1,182.20 26365 25938 5,07,446.21 2,061.43 42157 41355 9,52,147.74 2,184.63 43263 42451 8,10,212.19
From 10,001-25,000 18,230.40 134338 118762 13,79,539.05 17,949.19 134372 119962 12,40,235.06 27,407.35 205639 180800 22,02,268.84 29,391.65 204440 181857 19,70,475.45
From 25001-50,000 29,276.15 111355 103903 9,11,886.88 24,153.02 94153 89100 8,29,472.30 40,858.03 169440 157309 14,48,375.83 37,680.28 141990 133647 12,81,580.88
From 50,001- 75,000 17,168.96 39078 37306 3,84,011.74 12,976.60 30081 28901 3,25,310.10 23,454.97 60053 57147 6,15,864.34 19,810.70 45715 43767 5,15,595.92
From 75,001-100,000 12,743.71 15293 14778 2,16,523.48 11,808.92 14003 13552 2,36,209.87 18,386.87 25054 24046 3,64,307.87 18,568.41 22735 21836 3,63,103.18
From 1,00,001 -1,25,000 12,145.71 14082 13635 2,09,892.87 8,498.77 10013 9701 1,79,638.57 16,484.72 22018 21248 3,38,963.61 13,051.15 15651 15125 2,71,104.11
Above Rs. 1,25,000 31,444.20 17405 16238 6,96,759.49 24,051.82 13794 12813 6,75,754.08 50,218.00 26606 24462 11,09,574.12 42,632.06 20729 18957 10,01,073.94
ii Individual- Annuity 8.79 129 127 252.48 29.88 363 359 272.01 17.38 242 237 437.40 55.48 641 634 472.58
From 0-10000 55.29 562 560 2,126.97 112.37 923 915 2,242.93 93.15 902 898 3,492.31 188.87 1458 1446 3,735.59
From 10,001-25,000 69.48 341 339 931.39 186.72 659 654 934.30 116.84 463 460 1,346.15 289.73 880 872 1,383.78
From 25001-50,000 34.37 116 115 819.16 41.26 147 145 731.00 64.20 178 176 1,196.79 76.10 194 191 1,098.68
From 50,001- 75,000 37.90 57 57 443.96 119.67 150 149 356.42 64.98 93 92 668.89 164.67 189 186 512.66
From 75,001-100,000 26.11 37 37 458.93 19.96 35 35 354.14 37.30 63 63 802.09 33.39 48 48 546.59
From 1,00,001 -1,25,000 150.98 73 73 2,056.06 155.55 90 90 997.91 170.72 101 101 2,732.00 230.81 126 125 1,464.82
Above Rs. 1,25,000
iii Group
From 0-10000 -127.46 5.00 -1,74,424.00 -69,18,464.38 -98.17 7.00 (3,862.00) -1,74,958.11 -394.69 10.00 (1,82,485.00) -70,48,982.27 -226.25 12.00 (3,833.00) -3,17,307.06
From 10,001-25,000 19.73 0.00 3,147.00 50,076.09 29.65 1.00 8,036.00 88,226.89 36.58 - 5,037.00 88,846.99 51.96 2.00 12,603.00 1,54,531.32
From 25001-50,000 23.08 2.00 2,664.00 56,504.05 36.72 - 10,792.00 95,122.34 52.98 3.00 8,038.00 1,20,006.67 67.34 4.00 18,254.00 1,51,488.56
From 50,001- 75,000 25.96 3.00 2,705.00 63,438.71 39.40 7.00 9,804.00 93,723.74 52.50 6.00 5,483.00 1,22,788.64 79.84 10.00 20,980.00 1,60,158.02
From 75,001-100,000 22.74 2.00 8,354.00 77,551.58 28.98 3.00 7,053.00 66,402.64 49.83 7.00 13,199.00 1,31,139.61 50.83 7.00 9,765.00 97,118.42
From 1,00,001 -1,25,000 30.20 4.00 3,835.00 51,966.59 27.18 1.00 3,791.00 39,103.12 51.52 4.00 4,703.00 -65,550.06 44.55 2.00 8,276.00 76,731.28
Above Rs. 1,25,000 8,549.67 130.00 5,69,559.00 1,77,69,741.29 7,417.38 136.00 7,95,801.00 1,49,72,937.03 15,914.50 322.00 10,46,127.00 2,74,10,359.80 14,561.79 308.00 15,72,917.00 2,46,49,220.33
iv Group- Annuity
From 0-10000 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
From 10,001-25,000 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
From 25001-50,000 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
From 50,001- 75,000 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
From 75,001-100,000 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
From 1,00,001 -1,25,000 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
Above Rs. 1,25,000 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
Sub Total (B) 1,31,137.68 359176 747528 1,55,61,693.02 1,08,767.06 325303 1133729 1,91,80,512.55 1,95,199.12 553361 1408496 2,78,00,787.36 1,78,987.99 498404 2100104 3,11,94,301.23
Grand Total (A + B) 2,40,075.76 439368 3560492 1,99,31,459.38 2,19,041.02 401973 4597784 2,31,02,092.87 3,60,726.80 692040 5924906 3,48,97,581.79 3,83,066.08 629429 9560253 4,00,22,752.90
Note:
1. Premium stands for premium amount.
2. No. of lives means no. of lives insured under the policies.
3. Premium collected for Annuity will be disclosed separately as stated above.
4. Sum Insured in inclusive of Basic Life Cover and all riders wherever applicable.
Business Acquisition through different channels (Group)
Business Acquisition through different channels (Group)

Current Quarter Same Quarter Previous year Up to the period Same period of the previous year
Channels No. of Policies/ No. of Schemes No. of Lives Covered Premium (Rs lacs) No. of Policies/ No. of Schemes No. of Lives Covered Premium (Rs lacs) No. of Policies/ No. of Schemes No. of Lives Covered Premium (Rs lacs) No. of Policies/ No. of Schemes No. of Lives Covered Premium (Rs lacs)
Sl.No.
1 Individual agents - - (0.00) - 15 0.27 1 38 (0.00) 1 61 0.57
2 Corporate Agents-Banks 5 7,30,382 3,025.71 1 7,49,560 3,272.18 5 11,57,616 4,468.04 4 18,06,605 7,834.37
3 Corporate Agents -Others 5 3,27,471 2,575.30 6 3,11,055 3,238.18 9 5,67,769 4,065.78 15 6,27,294 6,923.00
4 Brokers 47 72,780 1,661.47 20 1,96,446 2,520.01 97 1,28,955 2,550.91 49 4,14,157 5,647.79
5 Micro Agents 9 2,25,432 673.45 3 8,11,176 2,574.06 14 5,69,106 1,746.87 4 16,62,654 5,225.68
6 Direct Business 157 13,77,685 41,741.06 145 13,24,057 46,820.33 347 19,55,346 57,897.79 344 28,26,136 96,581.81
Total(A) 223 27,33,750 49,677 175 33,92,309 58,425.03 473 43,78,830 70,729.39 417 73,36,907 1,22,213.22
1 Referral (B) - - - - - - - - - - - -
Grand Total (A+B) 223 27,33,750 49,677 175 33,92,309 58,425.03 473 43,78,830 70,729.39 417 73,36,907 1,22,213.22
Note:
1. Premium means amount of premium received from business acquired by the source
2. No of Policies stand for no. of policies sold
FORM L-38 Business Acquisition through different channels (Individuals)
(Rs in Lakhs)
Business Acquisition through different channels (Individuals)
Same period of the previous
Current Quarter Same Quarter Previous Year Up to the period
year
Sl.No. Channels No. of Policies Premium No. of Policies Premium No. of Policies Premium No. of Policies Premium
1 Individual agents 21239 11,548.56 42742 19,789.62 41283 20,703.39 68572 31,897.76
2 Corporate Agents-Banks 26464 31,651.51 18934 25,500.02 46589 49,774.50 28622 38,895.23
3 Corporate Agents -Others 1337 233.17 303 106.37 2215 454.62 516 152.32
4 Brokers 1397 1,102.81 1583 1,753.62 2249 1,905.48 2994 3,050.12
5 Micro Agents 471 1.26 538 2.59 1511 3.02
6 Direct Business 28867 14,696.27 12417 4,554.82 45083 21,912.12 27629 7,658.53
7 POS 0 0.15 444 127.32 7 3.17 648 180.21
Total (A) 79775 59,233.73 76423 51,831.78 137964 94,755.85 130492 81,837.18
1 Referral (B) 194 27.35 72 17.15 242 42.43 116 27.69
Grand Total (A+B) 79969 59,261.08 76495 51,848.93 138206 94,798.28 130608 81,864.87
Note:
1. Premium means amount of premium received from business acquired by the source
2. No of Policies stand for no. of policies sold
FORM L-39-Data on Settlement of Claims for the Quarter ended 30-09-2020
Ageing of Claims* (Individual)
No. of claims paid

Total No. of claims Total amount of claims
l Types of Claims On or before 1-3 3-6 6 months - 1
1 month > 1 year paid paid (Lakhs)
matuirty months months year
1 Maturity Claims 6,757 5,640 1,567 1,877 179 - 16,020 29,130

2 Survival Benefit 15,353 183 11 29 320 - 15,896 5,594.24
3 for Annuities / Pension 2,174 48 44 48 20 7 2,341 625.78
4 For Surrender 144 8,964 70 308 20 - 9,506 25,071.51
5 Other benefits 26 636 21 62 146 - 891 2,811.34
1 Death Claims - 1136 - - - - 1,136 7,073.08
Ageing of Claims* (Group)
No. of claims paid

On or Total No. of Total amount of claims
Sl.No. Types of Claims 1-3 3 - 6 6 months - 1
before 1 month > 1 year claims paid paid
months months year
matuirty
1 Maturity Claims 3,131 - - - - - 3,131 7,948.03
2 Survival Benefit - - - - - - - -
3 for Annuities / Pension - - - - - - - -
4 For Surrender - 5,921 4 7 3 - 5,935 671.85
5 Other benefits - - - - - - - -
- - - - - - - -
1 Death Claims - 20,453 - - - - 20,453 18,935.09
The figures for individual and group insurance business need to be shown separately
*the ageing of claims, in case of the death of the claims will be computed from the date of completion of all the documentation.
Note: Settlement includes cases moved to Unclaimed in the particular Quarter
Page 55 of 61
FORM L-39-Data on Settlement of Claims upto the Quarter ended 30-09-2020
Ageing of Claims* (Individual)
No. of claims paid

Total No. of claims Total amount of claims
l Types of Claims On or before 6 months - 1
1 month 1 - 3 months 3 - 6 months > 1 year paid paid (Lakhs)
matuirty year
1 Maturity Claims 7,916 8900 2,433 1,941 253 - 21,443 44,762

2 Survival Benefit 22,998 1,526 34 34 368 - 24,960 8,656.36
3 for Annuities / Pension 2,207 1914 54 49 20 7 4,251 1,123.33
4 For Surrender 244 12,395 103 314 28 - 13,084 34,467.57
5 Other benefits 27 1,296 45 91 175 - 1,634 5,536.14
1 Death Claims - 1,612 - - - - 1,612 10,326.46
Ageing of Claims* (Group)
No. of claims paid

On or Total No. of Total amount of claims
Sl.No. Types of Claims 1-3 3-6 6 months - 1
before 1 month > 1 year claims paid paid
months months year
matuirty
1 Maturity Claims 9,117 - - - - - 9,117 32,746.26
2 Survival Benefit - - - - - - - -
3 for Annuities / Pension - - - - - - - -
4 For Surrender - 10,561 49 7 3 - 10,620 1,497.55
5 Other benefits - - - - - - - -
1 Death Claims - 28,774 33 - - - 28,807 26,278.52
The figures for individual and group insurance business need to be shown separately
*the ageing of claims, in case of the death of the claims will be computed from the date of completion of all the documentation.
Page 56 of 61
FOR L-40 : Quarterly claims data for Life for the Quarter ended 30-09-2020
Insurer: Kotak Mahindra Life Insurance Company Ltd Date: 30.09.2020
No. of claims only

For
For Death For Death Survival For Other
Sl. No. Claims Experience For Maturity Annuities/
(Individual) (Group) Benefit Surrender Benefits
Pension
1 Claims O/S at the beginning of the period 74 316 4,930 1,192 140 1,145 388
2 Claims reported during the period* 1,198 21,120 14,998 15,397 2,338 15,013 764
3 Claims Settled during the period 1,136 20,453 19,151 15,896 2,341 15,441 891
4 Claims Repudiated during the period 6 10 - - - - -
a Less than 2years from the date of acceptance of risk 6 9 - - - - -
b Grater than 2 year from the date of acceptance of risk - 1 - - - - -
5 Claims Rejected during the period - - - - - - -
6 Claims Written Back - - - - - - -
7 Claims O/S at End of the period 130 973 777 693 137 717 261
Less than 3months 117 915 648 490 113 675 188
3 months to 6 months 6 35 88 194 24 26 73
6months to 1 year - 16 41 9 - 7 -
1year and above 7 7 - - - 9 -
*in case of death- the claims for which all the documentations have been completed needs to be shown here.
Page 57 of 61
FOR L-40 : Quarterly claims data for Life upto the Quarter ended 30-09-2020
Insurer: Kotak Mahindra Life Insurance Company Ltd Date: 30.09.2020
No. of claims only
For Death For Death Survival For Annuities/ Other

Sl. No. Claims Experience For Maturity For Surrender
(Individual) (Group) Benefit Pension Benefits
1 Claims O/S at the beginning of the period 9 162 3,703 2,052 100 926 586
2 Claims reported during the period* 1,743 29,630 27,634 23,601 4,288 23,495 1,309
3 Claims Settled during the period 1,612 28,807 30,560 24,960 4,251 23,704 1,634
4 Claims Repudiated during the period 10 12 - - - - -
a Less than 2years from the date of acceptance of risk 10 11 - - - - -
b Grater than 2 year from the date of acceptance of risk - 1 - - - - -
5 Claims Rejected during the period - - - - - - -
6 Claims Written Back - - - - - - -
7 Claims O/S at End of the period 130 973 777 693 137 717 261
Less than 3months 117 915 648 490 113 675 188
3 months to 6 months 6 35 88 194 24 26 73
6months to 1 year - 16 41 9 - 7 -
1year and above 7 7 - - - 9 -
*in case of death- the claims for which all the documentations have been completed needs to be shown here.
Page 58 of 61
FORM L-41 GRIEVANCE DISPOSAL
Insurer: Kotak Mahindra Life Insurance Pvt. Co. Ltd. Date : 30-Sep-20
GRIEVANCE DISPOSAL FOR THE QUARTER ENDING Sep 2020
Opening Balance * Complaints Resolved/ settled during the quarter Complaints Pending at the Total Complaints registered upto the quarter
Sl No. Particulars Additions during quarter
As on beginning of the quarter end of quarter during the financial year
Fully Accepted Partial Accepted Rejected
1 Complaints made by customers 31 367 86 0 270 42 612
a) Death Claims 0 0 0 0 0 0 1
b) Policy Servicing 1 8 3 0 5 1 11
c) Proposal Processing 0 12 4 0 7 1 14
d) Survival Claims 2 18 6 0 12 2 31
e) ULIP Related 0 2 1 0 1 0 2
f) Unfair Business Practices 23 282 61 0 214 30 470
g) Others 5 45 11 0 31 8 83
Total Number of complaints 31 367 86 0 270 42 612
2 Total No . of policies during previous year: 316150

3 Total No. of claims during previous year 105065
4 Total No. of policies during current year 138679
5 Total No. of claims during current year 54974
Total No. of Policy Complaints (Current year)
6 41.82
per 10000 policies (current year)
Total No. of Claims Complaints (current year)
7 5.82
per 10000 claims registered (current year)
Complaints made by Complaints made by

8 Duration wise Pending Status Total
customers intermediaries
(a) Upto 7 days 33 0 33
(b) 7 - 15 days 9 0 9
(c) 15 - 30 days 0 0 0
(d) 30 - 90 days 0 0 0
(e) 90 days & Beyond 0 0 0
Total Number 42 0 42
* Opening balance should tally with the closing balance of the previous quarter
FORM L-41 GRIEVANCE DISPOSAL
Insurer: Kotak Mahindra Life Insurance Company Limited Date 30-Sep-20
GRIEVANCE DISPOSAL UP TO THE QUARTER ENDING Sep 2020

Opening
Total Complaints
Balance * Additions Complaints
Complaints Resolved/ settled during the quarter registered upto the
Sl No. Particulars As on during Pending at the
quarter during the
beginning of quarter end of quarter
Fully Accepted Partial Accepted Rejected financial year
the quarter
1 Complaints made by customers 11 612 152 0 429 42 612
a) Death Claims 0 1 0 0 1 0 1
b) Policy Servicing 1 11 6 0 5 1 11
c) Proposal Processing 0 14 6 0 7 1 14
d) Survival Claims 0 31 9 0 20 2 31
e) ULIP Related 0 2 1 0 1 0 2
f) Unfair Business Practices 8 470 101 0 347 30 470
g) Others 2 83 29 0 48 8 83
Total Number of complaints 11 612 152 0 429 42 612
2 Total No . of policies during previous year: 316150

3 Total No. of claims during previous year 105065
4 Total No. of policies during current year 138679
5 Total No. of claims during current year 54974
Total No. of Policy Complaints (Current year)
6 41.82
per 10000 policies (current year)
Total No. of Claims Complaints (current year)
7 5.82
per 10000 claims registered (current year)
Complaints
Complaints
made by
8 Duration wise Pending Status made by Total
intermediari
customers
es
(a) Upto 7 days 33 0 33
(b) 7 - 15 days 9 0 9
(c) 15 - 30 days 0 0 0
(d) 30 - 90 days 0 0 0
(e) 90 days & Beyond 0 0 0
Total Number 42 0 42
* Opening balance should tally with the closing balance of the previous financial year.
L-42- Valuation Basis (Life Insurance)
a. How the policy data needed for valuation is accessed.
For Individual Business, the data needed for valuation at a per policy level is extracted from the policy administration system in 'csv' format. The valuation is done using the well known actuarial software
package 'Prophet'. The data is then converted into a format required by Prophet using the ‘Data Conversion System’ module in Prophet.
For Group Business, the data in respect of Annually Renewable Group Term business, Group Unit Linked Business and Traditional Fund based Group Business is extracted from Group Operations MIS in Microsoft
Excel files. The valuation for this business is done using an Excel Program. The valuation of Group Single & Regular Premium decreasing term assurance business with premium rates fixed for more than one year
(“credit life” products), is done using 'Prophet'.
b. How the valuation basis are supplied to the system

For Individual Business and Group Single & Regular Premium decreasing term assurance business which are valued in PROPHET, the valuation basis is supplied to Prophet through various tables like the
‘Parameter File’, the ‘Global File’, and the ‘Generic File’.
For Group Business, the parameters are included in various formulae in Excel sheets.
1) Interest :
i. Individual Business
First 5 yrs After 5 yrs
a) Life- Participating policies 6.21% 5.56%
b) Life- Non-participating Policies 5.65% 5.00%
c) Pension- Participating policies 6.21% 5.56%
d) Annuities – Non-participating policies 6.88% 6.23%
e) Annuities- Individual Pension Plan NA NA
f) Unit Linked - Non Unit 5.65% 5.00%
g) Unit Linked - Fund Growth 7.36% 6.71%
h) Health Insurance NA NA
ii. Group Business 5.65% 5.00%
2) Inflation :
Individual 6% pa
Group 6% pa
3) Mortality Rates:
a) Life- Participating policies Mortality rates assumed ranges from 85.7% to 121% of IALM (2012-14).
The mortality rates assumed for our Term/Preferred term plans ranges between 28.6% to 115.5% of IALM (2012-14). The rates assumed for other non-participating
b) Life- Non-participating Policies
products ranges between 90% to 203.5% of IALM (2012-14).
c) Pension- Participating policies The mortality rates assumed to be 121% of IALM (2012-14).
d) Annuities – Non-participating policies The mortality rates assumed for our annuity plan ranges between 60% to 75% of IALM (96-98). Mortality improvements for future years are assumed.
e) Annuities- Individual Pension Plan NA
f) Unit Linked The mortality rates assumed range between 90.75% to 137.5% of IALM (2012-14).
g) Health Insurance NA
The mortality rates assumed for business with premium guaranteed more than one year varies for each by scheme and ranges between 36.3% and 394.7% of IALM
h) Group - Non-participating policies
(2012-14).
4) Expense : (in Rs) per policy**

Fixed Renewal Expenses (Regular Premium)* 632.50
Fixed Renewal Expenses (Single Premium) 126.50
Fixed Renewal Expenses (Annuity Nonpar) 126.50
Fixed Expenses on Death 2,200.00
Fixed Expenses on Death (Annuity Nonpar) 112.50
Fixed Expenses on Maturity 413.49
Fixed Expenses on Surrender 413.49
Fixed Expenses on CI 14010
Fixed Expenses on Disability 7005
Group Plans for which Premium is guaranteed 12.1 per member for Credit Micro-finance insurance (MFI)
more than 1 Year (Renewal Fixed) 28.6 per member for Credit Non Micro-finance insurance (Non-MFI)
Group Plans for which Premium is guaranteed 27.5 per member for Credit Micro-finance insurance (MFI)
more than 1 Year (on Death) 990 per member for Credit Non Micro-finance insurance (Non-MFI)
Group Plans for which Premium is guaranteed
133.82 per member
more than 1 Year (on Surrender)
In respect of other Group Plans, expense provision is equal to 10% of the unexpired risk premium.
* Fixed renewal expenses of Rs.632.5 is assumed for premium paying policies. For fully paid up policies, fixed renewal expenses of Rs.126.5 and for policies in ACM (Automatic Cover Maintenance) mode and
Reduced paid up policies, fixed renewal expenses of Rs.316.25 is assumed. For online term plan, fixed renewal expenses of Rs. 316.25 is assumed and for rural term plans, fixed renewal expenses of Rs. 63.25 is
assumed.
** Expenses stated above are as at Mar'20 and rolled up at expense inflation of 6% p.a.
5) Bonus Rates
The bonus rates assumed were consistent with the interest rate assumptions used and the nature of the product.
6) Policyholders Reasonable Expectations

Future bonuses have been allowed for within mathematical reserves. This has been done by projecting the bonuses likely to be paid in accordance with the company’s bonus philosophy and the projected levels
of experience forming the valuation basis, with appropriate regard to the bonus earning capacity of the asset share of the policies.
7) Taxation and Shareholder Transfers

Policyholders Tax Rate 14.56%
Shareholder Transfer (With Profit Policies) 1/9 th of Cost of Bonus
Shareholder Transfer (Without Profit Policies) 100% of Surplus
8) Basis of provisions for Incurred But Not Reported (IBNR)

Provision for IBNR is 6 times the average claims paid (net of reinsurance and mathematical reserves) over the past one year. Further, MAD of 20% is applied as a
Individual
provision due to the spread of Covid-19.
Provision for IBNR reserve is based on higher of chain ladder approach and average delay method. Further, MAD of 20% is applied as a provision due to the spread
Group of Covid-19.
9) Change in Valuation Methods or Basis

i. Individuals Assurances
No change as compared to Mar-20.
ii. Annuities
iii. Unit Linked
iv. Health Not Applicable
v. Group

Kotak Mahindra Life Insurance Co. Ltd. - Q1 2020-21

Uploaded by

Document Information

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Kotak Mahindra Life Insurance Co. Ltd. - Q1 2020-21

Uploaded by

Copyright:

Available Formats

FORM L-A-RA

KOTAK MAHINDRA LIFE INSURANCE COMPANY LIMITED

Registration No: 107; Date of Registration: January 10, 2001

Non -Life Non- Pension Non-

Income from Investments

Contribution from Shareholders’ Account towards Excess EOM

Rewards 24,878 120 14,500 - - - - 1,458 - 40,956

The Schedules are an integral part of this Revenue Account.

-Life Non- Pension Non-

Income from Investments

The Schedules are an integral part of this Revenue Account.

Registration No: 107; Date of Registration: January 10, 2001

-Life Non- Pension Non-

The Schedules are an integral part of this Revenue Account.

-Life Non- Pension Non-

Income from Investments

Contribution from Shareholder's Account - - - - - - 57,198 - - 57,198

The Schedules are an integral part of this Revenue Account.

KOTAK MAHINDRA LIFE INSURANCE COMPANY LIMITED

Registration No: 107; Date of registration: January 10, 2001

Amounts transferred from Policyholders’ Account (Technical Account) - - - -

Profit/(Loss) carried to the Balance Sheet 4,91,081 2,88,70,002 3,91,131 2,25,95,539

KOTAK MAHINDRA LIFE INSURANCE COMPANY LIMITED

BALANCE SHEET AS AT SEPTEMBER, 2020

Sub-Total 53,73,344 53,46,390

September 2020 September 2019

Total 53,70,118 54,72,541

First year Premium 65,56,936 1,00,40,096 68,16,417 1,22,59,743

Total Premium 2,40,07,577 3,60,72,679 2,19,04,104 3,83,06,609

Sub-total 10,23,635 15,86,295 11,67,181 18,09,170

Net Commission 10,23,635 15,86,295 11,67,181 18,09,170

Rewards 40,956 50,438 75,108 1,12,857

Total Commission including Rewards 10,64,591 16,36,733 12,42,289 19,22,027

Breakup of Gross Commission

Agents 4,29,570 7,12,670 6,03,737 9,54,191

Employees’ remuneration and welfare benefits 23,59,881 44,39,059 21,37,770 40,25,954

Total 33,31,624 64,49,329 37,26,631 70,55,965

Employees’ remuneration and welfare benefits 2,070 3,487 1,919 3,702

Total 46,852 51,348 5,250 9,846

KOTAK MAHINDRA LIFE INSURANCE COMPANY LIMITED

Less: Calls unpaid - -

Total 51,02,902 51,02,902

FORM L-9-PATTERN OF SHAREHOLDING SCHEDULE

Particulars As at September, 2020 (Audited) As at September, 2019 (Audited)

KOTAK MAHINDRA LIFE INSURANCE COMPANY LIMITED

Total 2,93,90,365 2,31,15,902

KOTAK MAHINDRA LIFE INSURANCE COMPANY LIMITED

KOTAK MAHINDRA LIFE INSURANCE COMPANY LIMITED

LONG TERM INVESTMENTS

Total 3,37,45,002 2,75,95,217

SHORT TERM INVESTMENTS

Total 1,00,481 41,897

Grand Total 3,38,45,483 2,76,37,114

KOTAK MAHINDRA LIFE INSURANCE COMPANY LIMITED

LONG TERM INVESTMENTS

Total 19,85,11,582 15,16,43,617

SHORT TERM INVESTMENTS

Total 25,88,786 60,57,295

Grand Total 20,11,00,368 15,77,00,912

KOTAK MAHINDRA LIFE INSURANCE COMPANY LIMITED

LONG TERM INVESTMENTS

Total 13,18,36,822 12,72,83,228

SHORT TERM INVESTMENTS