Disclosures - NON- LIFE INSURANCE COMPANIES Annually Halfyearly Quarterly. the end of the period) the period)

Transcription

1 Disclosures - NON- LIFE INSURANCE COMPANIES Annually Halfyearly Quarterly S.No. Form No Description (within 6 (within 2 months (within 45 months from from the end of days from Mode of Disclosure the end of the period) the period) the end of the period) 1 NL-1-B-RA Revenue Account Annual and half yearly to be published in 2 NL-2-B-PL Profit & Loss Account ** ** newspaper as stated below and quarterly 3 NL-3-B-BS Balance Sheet to be displayed in electronic format. 4 NL-4-PREMIUM Premium SCHEDULE 5 NL-5-CLAIMS Claims Incurred SCHEDULE 6 NL-6-COMMISSION Commission SCHEDULE 7 NL-7-OPERATING Operating Expenses EXPENSES SCHEDULE 8 NL-8-SHARE CAPITAL Share Capital SCHEDULE 9 NL-9-PATTERN OF Pattern of Shareholding SHAREHOLDING SCHEDULE 10 NL-10-RESERVE AND Reserves and Surplus SURPLUS SCHEDULE 11 NL-11-BORROWING Borrowings SCHEDULE 12 NL-12-INVESTMENT Shareholders SCHEDULE 13 NL-13-LOANS Loans SCHEDULE 14 NL-14-FIXED ASSETS Fixed Assets P SCHEDULE 15 NL-15-CASH AND BANK Cash and Bank Balance BALANCE SCHEDULE 16 NL-16-ADVANCES AND Advances & Other Assets OTHER ASSETS SCHEDULE 17 NL-17-CURRENT Current Liabilities LIABILITIES SCHEDULE 18 NL-18-PROVISIONS Provisions SCHEDULE 19 NL-19-MISC Misc Expenditure EXPENDITURE SCHEDULE 20 NL-20-RECEIPTS AND Receipts & Payment Stateme PAYMENT SCHEDULE X X 21 NL-21-STATEMENT OF Statement of Liablities LIABILITIES 22 NL-22-GEOGRAPHICAL Geographical Distribution of B DISTN OF BSNS 23 NL-23-REINSURANCE Reinsurance Risk Concentrati RISK CONCENTRATION 24 NL-24-AGEING OF Ageing of Claims CLAIMS

2 Disclosures - NON- LIFE INSURANCE COMPANIES Annually Halfyearly Quarterly S.No. Form No Description (within 6 (within 2 months (within 45 months from from the end of days from Mode of Disclosure the end of the period) the period) the end of the period) 25 NL-25-CLAIMS DATA Claims Data 26 NL-26-CLAIMS Claims Information INFORMATION 27 NL-27-OFFICE OPENING Office Opening 28 NL-28-STATEMENT OF ASSETS 29 NL-29-DEBT SECURITIES 30 NL-30-ANALYTICAL RATIOS Statement of Investment of As Debt Securities Analytical Ratios Ratios stated at Serial number 1 to 15 to be published in newspapers along with financial statement and should also be displayed in format. 31 NL-31-RELATED PARTY Related Party Transanctions TRANSACTIONS 32 NL-32-PRODUCT Product Information INFORMATION 33 NL-33-SOLVENCY Solvency MARGIN 34 NL-34-BOD Board of Directors & Managem 35 NL-35-NPAs NPAs 36 NL-36-YIELD ON Yield on Investment INVESTMENTS 37 NL-37-DOWN GRADING Downgrading of Investment OF INVESTMENTS 38 NL-38-BSNS RETURNS Quarterly Business Returns ACROSS LOB for different line of business (Premum amount and number of policies) 39 NL-39-RURAL AND Rural & Social Sector SOCIAL SECTOR Obligations OBLIGATIONS 40 NL-40-CHANNEL WISE Business Acquisition through PREMIUM different channels 41 NL-41-GRIEVANCE Grievance Disposal DISPOSAL ** To be Published in atleast one English daily newspaper circulating in the whole or substantially the whole of India and in one newspaper published in the language of the region, where the registered office is situated. However, while publishing only the abridged form of Revenue account classifed into ULIP and NON-ULIP will only be published. The detailed Revenue Account will be displayed on web-site.

3 Particulars Schedule 1 Premiums earned (Net) NL-4-Premium Schedule FORM NL-1-B-RA Name of the REVENUE ACCOUNT FOR THE QUARTER ENDED 31st December 2010 UP TO THE FOR THE QUARTER UP TO THE QUARTER FOR THE QUARTER QUARTER Dec Oct 10 - Dec 10 Dec 2010 Oct 09 - Dec (Rs. 000) (Rs. 000) (Rs. 000) (Rs. 000) 1,202,705 2,363, , ,980 2 Profit/ Loss on sale/redemption of Investments Others (to be specified) - Amortisation of Discount/(Premium) 11,992 14,040 (105) 1,943 4 Interest, Dividend & Rent Gross 49, ,846 15,878 33,133 TOTAL (A) 1,264,292 2,507, , ,056 1 Claims Incurred (Net) NL-5-Claims Schedule 2 Commission NL-6-Commission Schedule 3 Operating Expenses related to Insurance Business NL-7-Operating Expenses Schedule 979,730 1,915, , ,050 (8,799) (41,678) (12,398) (48,454) 617,055 1,704, ,019 1,065,713 4 Premium Deficiency (17,832) (42,785) - 5 Pool Expenses 23,689 23,689 1,394 6 Contribution to Solatium Fund ,020 TOTAL (B) 1,594,493 3,559, ,849 1,491,723 Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business (330,201) (1,051,865) (332,265) (965,665) C= (A - B) APPROPRIATIONS Transfer to Shareholders Account Transfer to Catastrophe Reserve Transfer to Other Reserves (to be specified) TOTAL (C) (330,201) (1,051,865) (332,265) (965,665) Note: See Notes appended at the end of Form NL-2-B-PL ** please refer Regulation 1 Part V- Preparation of Financial Statement of IRDA (Accounting) Regulation 2002

4 Particulars FORM NL-2-B-PL Name of the PROFIT AND LOSS ACCOUNT FOR THE QUARTER ENDED 31st December 2010 UP TO THE FOR THE QUARTER FOR THE QUARTER Schedule QUARTER Dec Oct 10 - Dec 10 Oct 09 - Dec UP TO THE QUARTER Dec 2009 (Rs. 000) (Rs. 000) (Rs. 000) (Rs. 000) 1 OPERATING PROFIT/(LOSS) (a) Fire Insurance (11,080) (82,122) (915) (129,319) (b) Marine Insurance (212) (16,247) (8,448) (22,363) (c ) Miscellaneous Insurance (318,908) (953,497) (322,901) (813,982) 2 INCOME FROM INVESTMENTS (a) Interest, Dividend & Rent Gross 1,211 8,290 5,892 17,960 (b) Profit on sale of investments 4,280 11,258 3,054 7,348 Less: Loss on sale of investments - 3 OTHER INCOME - Amortisation of Discount/(Premium) 12,404 30,251 (19) 7,121 TOTAL (A) (312,306) (1,002,067) (323,338) (933,237) 4 PROVISIONS (Other than taxation) (a) For diminution in the value of investments (b) For doubtful debts (c) Others (to be specified) 5 OTHER EXPENSES (a) Expenses other than those related to Insurance 97 1, Business (b) Bad debts written off (c) Others (To be specified) - - TOTAL (B) 97 1, Profit Before Tax (312,402) (1,003,164) (323,338) (933,456) Provision for Taxation Wealth Tax APPROPRIATIONS (a) Interim dividends paid during the year (b) Proposed final dividend (c) Dividend distribution tax (d) Transfer to any Reserves or Other Accounts (to be specified) Balance of profit/ loss brought forward from last year - (2,135,758) - (1,202,107) Balance carried forward to Balance Sheet (312,402) (3,139,122) (323,534) (2,135,758) Notes: to Form NL-1-B-RA and NL-2-B- PL (a) Premium income received from business concluded in and outside India shall be separately disclosed. (b) Reinsurance premiums whether on business ceded or accepted are to be brought into account gross (i.e. before deducting commissions) under the head reinsurance premiums. (c) Claims incurred shall comprise claims paid, specific claims settlement costs wherever applicable and change in the outstanding provision for claims at the year-end,. (d) Items of expenses and income in excess of one percent of the total premiums (less reinsurance) or Rs.5,00,000 whichever is higher, shall be shown as a separate line item. (e) Fees and expenses connected with claims shall be included in claims. (f) Under the sub-head "Others shall be included items like foreign exchange gains or losses and other items. (g) Interest, dividends and rentals receivable in connection with an investment should be stated as gross amount, the amount of income tax deducted at source being included under 'advance taxes paid and taxes deducted at source.. (h) Income from rent shall include only the realised rent. It shall not include any notional rent.

5 FORM NL-3-B-BS BALANCE SHEET AS AT 31st December 2010 Schedule UP TO THE QUARTER Dec 2010 UP TO THE QUARTER Dec 2009 (Rs. 000) (Rs. 000) SOURCES OF FUNDS SHARE NL-8-Share Capital Schedule 3,342,717 1,843,000 PENDING ALLOTMENT - 289,134 RESERVES AND SURPLUS NL-10-Reserves and Surplus Schedule 1,346, ,000 FAIR VALUE CHANGE ACCOUNT 1,613 2,933 BORROWINGS NL-11-Borrowings Schedule - - TOTAL 4,690,770 2,592,067 APPLICATION OF FUNDS INVESTMENTS NL-12-Investment Schedule 4,698,985 1,807,654 LOANS NL-13-Loans Schedule FIXED ASSETS NL-14-Fixed Assets Schedule 280, ,514 DEFERRED TAX ASSET CURRENT ASSETS Cash and Bank Balances NL-15-Cash and bank balance Schedule 137,928 82,027 Advances and Other Assets NL-16-Advancxes and Other Assets 584, ,989 Sub-Total (A) 722, ,015 CURRENT LIABILITIES NL-17-Current Liabilities Schedule 2,148, ,200 PROVISIONS NL-18-Provisions Schedule 2,001, ,289 DEFERRED TAX LIABILITY Sub-Total (B) 4,149,747 1,553,489 NET CURRENT ASSETS (C) = (A - (3,427,407) (1,186,474) MISCELLANEOUS EXPENDITURE NL-19-Miscellaneous Expenditure - - DEBIT BALANCE IN PROFIT AND 3,139,122 1,645,374 TOTAL 4,690,770 2,592,067 CONTINGENT LIABILITIES Particulars UP TO THE QUARTER Dec 2010 UP TO THE QUARTER Dec 2009 (Rs. 000) 1 Partly paid-up investments 2 Claims, other than against policies, not acknowledged as debts by the NIL NIL company 3 Underwriting commitments outstanding (in respect of shares and NIL NIL securities) 4 Guarantees given by or on behalf of the Company NIL NIL 5 Statutory demands/ liabilities in dispute, not provided for NIL NIL 6 Reinsurance obligations to the extent not provided for in accounts NIL NIL 7 Others (to be specified) NIL NIL TOTAL NIL NIL (Rs. 000)

6 FORM NL-4-PREMIUM SCHEDULE PREMIUM EARNED [NET] Particulars FOR THE QUARTER Oct 10 - Dec 10 UP TO THE QUARTER Dec 2010 FOR THE QUARTER Oct 09 - Dec 09 UP TO THE QUARTER Dec 2009 (Rs. 000) (Rs. 000) (Rs. 000) (Rs. 000) Premium from direct business written 1,285,474 3,859, ,959 1,701,170 Service Tax Adjustment for change in reserve for unexpired risks Gross Earned Premium Add: Premium on reinsurance accepted 578, ,131 95, ,947 Less : Premium on reinsurance ceded 353,413 1,312, , ,314 Net Premium 1,510,356 3,131, ,947 1,171,804 Adjustment for change in reserve for unexpired risks 307, , , ,823 Premium Earned (Net) 1,202,705 2,363, , ,981 Note: Reinsurance premiums whether on business ceded or accepted are to be brought into account, before deducting commission, under the head of reinsurance premiums.

7 FORM NL-5 - CLAIMS SCHEDULE CLAIMS INCURRED [NET] Particulars FOR THE QUARTER Oct 10 - Dec 10 UP TO THE QUARTER Dec 2010 FOR THE UP TO THE QUARTER Oct 09 - QUARTER Dec Dec (Rs. 000) (Rs. 000) (Rs. 000) (Rs. 000) Claims paid Direct claims 759,165 1,695, , ,915 Add Claims Outstanding at the end 553,514 1,367,450 83, ,684 of the year Less Claims Outstanding at the - 504, beginning of the year Gross Incurred Claims 1,312,679 2,558, , ,599 Add :Re-insurance accepted to 3,945 3, direct claims Less :Re-insurance Ceded to claims paid 336, ,182 35,582 87,549 Total Claims Incurred 979,730 1,915, , ,050 Not es: a) Incurred But Not Reported (IBNR), Incurred but not enough reported [IBNER] claims should be included in the amount for outstanding claims. b) Claims includes specific claims settlement cost but not expenses of management c) The surveyor fees, legal and other expenses shall also form part of claims cost. d) Claims cost should be adjusted for estimated salvage value if there is a sufficient certainty of its realisation.

8 FORM NL-6-COMMISSION SCHEDULE COMMISSION Particulars FOR THE QUARTER Oct 10 - Dec 10 UP TO THE QUARTER Dec 2010 FOR THE QUARTER Oct 09 - Dec 09 UP TO THE QUARTER Dec 2009 (Rs. 000) (Rs. 000) (Rs. 000) (Rs. 000) Commission paid Direct 44, ,777 23,457 63,495 Add: Re-insurance Accepted (57) 390 3,742 3,742 Less: Commission on Re-insurance 53, ,845 39, ,690 Ceded Net Commission (8,799) (41,678) (12,398) (48,454) Break-up of the expenses (Gross) incurred to procure business to be furnished as per details indicated below: Agents 11,814 41,061 17,607 17,511 Brokers 32, ,940 49,725 49,725 Corporate Agency Referral Others (pl. specify) TOTAL (B) 44, ,167 67,332 67,236 Note: The profit/ commission, if any, are to be combined with the Re-insurance accepted or Re-insurance ceded figures.

9 FORM NL-7-OPERATING EXPENSES SCHEDULE OPERATING EXPENSES RELATED TO INSURANCE BUSINESS Particulars FOR THE QUARTER Oct 10 - Dec 10 UP TO THE QUARTER Dec 2010 FOR THE QUARTER Oct 09 - Dec 09 UP TO THE QUARTER Dec 2009 (Rs. 000) (Rs. 000) (Rs. 000) (Rs. 000) 1 Employees remuneration & 198, ,869 welfare benefits 101, ,000 2 Travel, conveyance and vehicle 23,392 54,844 running expenses 16,082 39,618 3 Training expenses 5,370 12,690 7,585 7,585 4 Rents, rates & taxes 39, ,419 35,169 95,438 5 Repairs 9,026 27,955 5,480 30,914 6 Printing & stationery 5,297 13,571 5,870 13,854 7 Communication 15,766 36,548 15,513 31,914 8 Legal & professional charges 30,096 86,415 13,101 43,383 9 Auditors' fees, expenses etc (a) as auditor 388 1,162 1,013 1,163 (b) as adviser or in any other - - capacity, in respect of - - (i) Taxation matters (ii) Insurance matters (iii) Management services; and (c) in any other capacity Audit Out of Pocket expenses Advertisement and publicity 19,354 35,573 65,305 75, Interest & Bank Charges 1,989 5, , Others (to be specified) Information technology 19,633 68,978 26,285 59,905 Exchange (gain) /loss 4 23 (63) (63) Miscellaneous Expenses 413 5,569 5,124 5,625 Support Services 15,795 50,069 17,745 17, Depreciation 24,289 72,111 30,855 61, Marketing Expenses 206, ,076 87, , ST on Exempted Services Loss on Sale of Assets TOTAL 617,057 1,704, ,019 1,065,713 Note: Items of expenses and income in excess of one percent of the total premiums (less reinsurance) or Rs.5,00,000 whichever is higher, shall be shown as a separate line item.

10 FORM NL-8-SHARE CAPITAL SCHEDULE SHARE CAPITAL Particulars As at 31st Dec 2010 As at 31st Dec 2009 (Rs. 000). (Rs. 000). 1 Authorised Capital [400,000,000 (Previous period 300,000,000) Equity shares of Rs. 10 each] 4,000,000 2,000,000 2 Issued Capital [275,771,727 (Previous period 200,000,000) Equity shares of Rs. 10 each] 3,342,717 1,843,000 3 Subscribed Capital [275,771,727 (Previous period 200,000,000) Equity shares of Rs. 10 each] 3,342,717 1,843,000 4 Called-up Capital Equity Shares of Rs....each Less : Calls unpaid Add : Equity Shares forfeited (Amount originally paid up) Less : Par Value of Equity Shares bought back Less : Preliminary Expenses Expenses including commission or brokerage on Underwriting or subscription of shares TOTAL 3,342,717 1,843,000 Notes: (a) Particulars of the different classes of capital should be separately stated. (b) The amount capitalised on account of issue of bonus shares should be disclosed. (c) In case any part of the capital is held by a holding company, the same should be separately disclosed.

11 FORM NL-9-PATTERN OF SHAREHOLDING SCHEDULE SHARE CAPITAL PATTERN OF SHAREHOLDING [As certified by the Management] Shareholder As at 31st Dec 2010 As at 31st Dec 2009 Number of Shares % of Holding Number of Shares % of Holding Promoters Indian 259,989, % 143,344, % Foreign 74,282, % 40,955, % Others TOTAL 334,271, % 184,300, %

12 FORM NL-10-RESERVE AND SURPLUS SCHEDULE RESERVES AND SURPLUS Particulars As at 31st Dec 2010 As at 31st Dec 2009 (Rs. 000). (Rs. 000). 1 Capital Reserve Capital Redemption Reserve Share Premium - Opening Balance 589, ,200 Additions during the year 757, ,800 4 General Reserves - - Less: Debit balance in Profit and - - Loss Account Less: Amount utilized for Buyback Catastrophe Reserve Other Reserves (to be specified) Balance of Profit in Profit & Loss - - Account TOTAL 1,346, ,000 Note: Additions to and deductions from the reserves should be disclosed under each of the specified heads.

13 FORM NL-11-BORROWINGS SCHEDULE BORROWINGS Particulars As at 31st Dec 2010 As at 31st Dec 2009 (Rs. 000). (Rs. 000). 1 Debentures/ Bonds NIL NIL 2 Banks NIL NIL 3 Financial Institutions NIL NIL 4 Others (to be specified) NIL NIL TOTAL NIL NIL Notes: a) The extent to which the borrowings are secured shall be separately disclosed stating the nature of the security under each sub-head. b) Amounts due within 12 months from the date of Balance Sheet should be shown separately

14 Investments FORM NL-12-INVESTMENT SCHEDULE Particulars LONG TERM INVESTMENTS 1 Government securities and Government guaranteed bonds including Treasury Bills As at 31st Dec 2010 (Rs. 000). 892,286 As at 31st Dec 2009 (Rs. 000). 160,092 2 Other Approved Securities 301,690-3 Other Investments - - ( a) Shares - - (aa) Equity - - (bb) Preference - - ( b) Mutual Funds - - (c) Derivative Instruments - - (d) Debentures/ Bonds 101, (e) Other - Housing Sector - 51,246 (f) Subsidiaries - - (g) Investment Properties-Real - Estate - 4 Investments in Infrastructure and Social 409,341 Sector 154,637 5 Other than Approved Investments - - SHORT TERM INVESTMENTS 1 Government securities and Government 393,858 guaranteed bonds including Treasury Bills 179,918 2 Other Approved Securities - (Fixed 2,198,313 Deposits with Banks) 817,868 3 Other Investments - - (a) Shares - - (aa) Equity - - (bb) Preference - - (b) Mutual Funds 300, ,271 (a) Derivative Instruments - - (b) Debentures/ Bonds - - (c) Other Securities (to be specified) - 49,830 (d) Subsidiaries - - (e) Investment Properties-Real - Estate - 4 Investments in Infrastructure and Social 101,249 Sector 60,791 5 Other than Approved Investments - - TOTAL 4,698,985 1,807,654 Note s: (a) Investments in subsidiary/holding companies, joint ventures and associates shall be separately disclosed, at cost. (i) Holding company and subsidiary shall be construed as defined in the Companies Act, 1956: (ii) Joint Venture is a contractual arrangement whereby two or more parties undertake an economic activity, which is subject to joint control. (i) Joint control - is the contractually agreed sharing of power to govern the financial and operating policies of an economic activity to obtain benefits from it. (ii) Associate - is an enterprise in which the company has significant influence and which is neither a subsidiary nor a joint venture of the company. (iii) Significant influence (for the purpose of this schedule) - means participation in the financial and operating policy decisions of a company, but not control of those policies. Significant influence may be exercised in several ways, for example, by representation on the board of directors, participation in the policymaking process, material inter-company transactions, interchange of managerial personnel or dependence on technical information. Significant influence may be gained by share ownership, statute or agreement. As regards share ownership, if an investor holds, directly or indirectly through subsidiaries, 20 percent or more of the voting power of the investee, it is presumed that the investor does have significant influence, unless it can be clearly demonstrated that this is not the case. Conversely, if the investor holds, directly or indirectly through subsidiaries, less than 20 percent of the voting power of the investee, it is presumed that the investor does not have significant influence, unless such influence is clearly demonstrated. A substantial or majority ownership by another investor does not necessarily preclude an investor from having significant influence. (b) Aggregate amount of company's investments other than listed equity securities and derivative instruments and also the market value thereof shall be disclosed. (c) Investments made out of Catastrophe reserve should be shown separately. (d) Debt securities will be considered as held to maturity securities and will be measured at historical cost subject to amortisation. (e) Investment Property means a property [land or building or part of a building or both] held to earn rental income or for capital appreciation or for both, rather than for use in services or for administrative purposes. (f) Investments maturing within twelve months from balance sheet date and investments made with the specific intention to dispose of within twelve months from balance sheet date shall be classified as short-term investments

15 FORM NL-13-LOANS SCHEDULE LOANS Particulars As at 31st Dec 2010 As at 31st Dec SECURITY-WISE CLASSIFICATION Secured (a) On mortgage of property (aa) In India (bb) Outside India (b) On Shares, Bonds, Govt. Securities (Rs. 000). (Rs. 000). (c) Others (to be specified) Unsecured TOTAL 2 BORROWER-WISE CLASSIFICATION (a) Central and State Governments (b) Banks and Financial Institutions (c) Subsidiaries (d) Industrial Undertakings (e) Others (to be specified) TOTAL 3 PERFORMANCE-WISE CLASSIFICATION (a) Loans classified as standard (aa) In India (bb) Outside India (b) Non-performing loans less provisions (aa) In India (bb) Outside India TOTAL 4 MATURITY-WISE CLASSIFICATION (a) Short Term (b) Long Term TOTAL NIL NIL Notes: (a) Short-term loans shall include those, which are repayable within 12 months from the date of balance sheet. Long term loans shall be the loans other than short-term loans. (b) Provisions against non-performing loans shall be shown separately. (c ) The nature of the security in case of all long term secured loans shall be specified in each case. Secured loans for the purposes of this schedule, means loans secured wholly or partly against an asset of the company. (d) Loans considered doubtful and the amount of provision created against such loans shall be disclosed.

16 FIXED ASSETS Particulars Depreciation For The Period On Sales/ Adjustments As at 31st Dec 2010 As at 31st Dec 2009 Goodwill Intangibles - Computer software and License Fees 74,355 2,580-76,935 27,541 4,914-32,455 44,480 45,283 Land-Freehold Leasehold Property 115, , ,910 31,570 4, ,575 78,335 88,366 Buildings Furniture & Fittings 32, ,233 12,816 1,106 13,922 18,311 20,953 Information Technology Equipment 123,432 3, ,203 50,893 7, ,685 68,518 83,268 Vehicles 55,605 4,299 3,033 56,871 23,179 3,576 1,578 25,177 31,695 39,793 Office Equipment 47, ,309 14,073 1, ,925 31,384 36,552 Others (Specify nature) TOTAL 447,935 11,160 4, , ,073 24,289 2, , , ,214 Work in progress 6,383 3,113 2,149 7,347 7,347 11,300 Grand Total 454,318 14,274 6, , ,073 24,289 2, , , ,514 PREVIOUS YEAR 312, ,649 53, ,218 30,055 59,613 1,035 90, , ,773 Note: Opening As at 1st Oct 2010 FORM NL-14-FIXED ASSETS SCHEDULE Cost/ Gross Block Additions Deductions Closing As at 31st Dec 2010 As at 1st Oct 2010 Assets included in land, property and building above exclude Investment Properties as defined in note (e) to Form NL-12-Investment Schedule. As at 31st Dec 2010 Net Block (Rs. 000)

17 FORM NL-15-CASH AND BANK BALANCE SCHEDULE CASH AND BANK BALANCES Particulars FOR THE QUARTER Oct 10 UP TO THE QUARTER Dec - Dec (Rs. 000) (Rs. 000) 1 Cash (including cheques, drafts and (6,948) 17,845 stamps) 2 Bank Balances (a) Deposit Accounts - - (aa) Short-term (due within months) (bb) Others - - (b) Current Accounts 10, ,184 (c) Others (to be specified) - 10,900 3 Money at Call and Short Notice - - (a) With Banks - - (b) With other Institutions Others (to be specified) - - TOTAL 3, ,928 Balances with non-scheduled banks included in 2 and 3 above Note : Bank balance may include remittances in transit. If so, the nature and amount should be separately stated.

18 FORM NL-16-ADVANCES AND OTHER ASSETS SCHEDULE ADVANCES AND OTHER ASSETS Particulars As at 31st Dec 2010 As at 31st Dec 2009 (Rs. 000). (Rs. 000). ADVANCES 1 Reserve deposits with ceding companies - 25,628 2 Application money for investments - 3 Prepayments 12,399 5,834 4 Advances to Directors/Officers - 5 Advance tax paid and taxes deducted at source (Net of provision for taxation) Others - - Advance to employees Advances recoverable in cash or in kind - 15,124 - Unutilised service tax Carried forward 30,040 - TOTAL (A) 42,920 47,272 OTHER ASSETS 1 Income accrued on investments 64,623 33,520 2 Outstanding Premiums - 18,167 3 Agents Balances Foreign Agencies Balances - 5 Due from other entities carrying on insurance business 26,811 - (including reinsurers) - 6 Due from subsidiaries/ holding Deposit with Reserve Bank of India - 60,152 [Pursuant to section 7 of Insurance Act, 1938] - 8 Others - - Terrorism Pool control account 9,824 3,452 - IMTPIP Control Account 347,607 59,349 9 Deposits - - Rental 69,082 63,076 - Others 23,545 - TOTAL (B) 541, ,716 TOTAL (A+B) 584, ,989 Notes: (a) The items under the above heads shall not be shown net of provisions for doubtful amounts. The amount of provision against each head should be shown separately. (b) The term officer should conform to the definition of that term as given under the Companies Act, (c) Sundry Debtors will be shown under item 9(others)

19 CURRENT LIABILITIES FORM NL-17-CURRENT LIABILITIES SCHEDULE Particulars As at 31st Dec 2010 As at 31st Dec 2009 (Rs. 000). (Rs. 000). 1 Agents Balances 30,970-2 Balances due to other insurance companies 320,281 66,692 3 Deposits held on re-insurance ceded Premiums received in advance 7,744-5 Unallocated Premium 51,976 44,954 6 Sundry creditors 50,292 35,598 7 Due to subsidiaries/ holding company Claims outstanding for - - i) More than Six Months - ii) Less than Six Months (Including IBNR & IBNER) 1,352,493 - IMTPIP Claims Outstanding - - Premium Deficiency - - Claims Recoverable from Reinsurer (Including IBNR) - Claims Outstanding - 276,496 Annuities due - 9 Due to Officers/ Directors Others Service Tax payable 17,950 10,700 - Statutory Dues 20, Rent Equilisation Reserve 37,624 26,151 - Expenses Payable 166, ,698 - Stale Chq 5,193 1,524 - Employee related 85,971 11,076 - Others Solatium Fund 649 TOTAL 2,148, ,200

20 FORM NL-18-PROVISIONS SCHEDULE PROVISIONS Particulars As at 31st Dec 2010 As at 31st Dec 2009 (Rs. 000). (Rs. 000). 1 Reserve for Unexpired Risk 1,950, ,773 2 For taxation (less advance tax paid and taxes - - deducted at source) 3 For proposed dividends For dividend distribution tax Others - Employee Benefits 50,976 11,516 6 Reserve for Premium Deficiency - - TOTAL 2,001, ,289

21 FORM NL-19 MISC EXPENDITURE SCHEDULE MISCELLANEOUS EXPENDITURE (To the extent not written off or adjusted) Particulars 1 Discount Allowed in issue of shares/ debentures As at 31st Dec 2010 (Rs. 000). NIL (Rs. 000). As at 31st Dec 2009 NIL 2 Others (to be specified) NIL NIL TOTAL NIL NIL Notes: (a) No item shall be included under the head Miscellaneous Expenditure and carried forward unless: 1. some benefit from the expenditure can reasonably be expected to be received in future, and 2. the amount of such benefit is reasonably determinable. (b) The amount to be carried forward in respect of any item included under the head Miscellaneous Expenditure shall not exceed the expected future revenue/other benefits related to the expenditure.

22 FORM NL-20-RECEIPT AND PAYMENTS SCHEDULE Receipts and Payments A/c - on direct basis (Rs in '000's) Cash Flows from the operating activities: YTD Dec 2010 Premium received from policyholders, including advance receipts 1,700,874 Other receipts - Payments to the re-insurers, net of commissions and claims (199,547) Payments to co-insurers, net of claims recovery - Payments of claims (737,769) Payments of commission and brokerage (64,365) Payments of other operating expenses (546,577) Preliminary and pre-operative expenses - Deposits, advances and staff loans (2,694) Taxes paid (Net) - Service tax paid (108,983) Other payments - Cash flows before extraordinary items 40,940 Cash flow from extraordinary operations - Net cash flow from operating activities 40,940 Cash flows from investing activities: - Purchase of fixed assets (17,932) Proceeds from sale of fixed assets - Purchases of investments (2,412,681) Loans disbursed - Sales of investments 1,728,793 Repayments received - Rents/Interests/ Dividends received 64,433 Investments in money market instruments and in liquid mutual funds (Net)* - Expenses related to investments - Net cash flow from investing activities (637,387) Cash flows from financing activities: - Proceeds from issuance of share capital 600,023 Proceeds from borrowing - Repayments of borrowing - Interest/dividends paid - Net cash flow from financing activities 600,023 Effect of foreign exchange rates on cash and cash equivalents, net - Net increase in cash and cash equivalents: 3,576 Cash and cash equivalents at the beginning of the year 134,352 Cash and cash equivalents at the end of the year 137,928 *Investments in mutual funds where these are used as parking vehicles pending investment are to be indicated (net).

23 NL-21-Liab IRDA Periodic Disclosures PERIODIC DISCLOSURES FORM NL-21 : Statement of Liabilities As At 31st Dec 2010 Statement of Liabilities Date: As on 31st Dec 2010 (Rs in Lakhs) As At 31st Dec 2009 Sl.No. Particular Reserves for unexpired risks Reserve for Outstanding Claims IBNR Reserves Total Reserves Reserves for unexpired risks Reserve for Outstanding Claims IBNR Reserves Total Reserves 1 Fire , Marine - a Marine Cargo b Marine Hull - 3 Miscellaneous - a Motor 16, , , , , , , b Engineering c Aviation - - d Liabilities e Others Health Insurance 1, , , , Total Liabilities 19, , , , , , , Page 1 of 1

24 NL-22-Geog Dist Bsns IRDA Periodic Disclosures PERIODIC DISCLOSURES FORM NL-22 : Geographical Distribution of Business GROSS DIRECT PREMIUM UNDERWRITTEN FOR THE QUARTER: Date: As on 31st Dec 2010 (Rs in Lakhs) STATES Fire Marine (Cargo) Marine (Hull) Engineering Motor Own Damage Motor Third Party Liability insurance Personal Accident Medical Insurance Overseas medical Insurance Crop Insurance All Other Miscellaneous Grand Total For the qtr Upto the qtr For the qtr Upto the qtr For Upto the qtr the qtr For the qtr Upto the qtr For the qtr Upto the qtr For the qtr Upto the qtr For the qtr Upto the qtr For the qtr Upto the qtr For the qtr Upto the qtr For Upto For Upto the qtr the qtr the qtr the qtr For the qtr Upto the qtr For the qtr Upto the qtr Andaman & Nicobar Is Andhra Pradesh , , Arunachal Pradesh Assam Bihar Chandigarh , , Chhattisgarh Dadra & Nagra Haveli Daman & Diu Delhi , , , Goa Gujarat , , , Haryana Himachal Pradesh Jammu & Kashmir Jharkhand Karnataka , , Kerala Lakshadweep Madhya Pradesh Maharasthra , , , , , , Manipur Meghalaya Mizoram Nagaland Orissa (10.04) Puducherry Punjab , , Rajasthan Sikkim Tamil Nadu , , Tripura Uttar Pradesh , (42.36) (21.15) , Uttrakhand (0.14) West Bengal (1.64) (18.29) , Total , , , , , , , , , Page 1 of 1

25 PERIODIC DISCLOSURES FORM NL-23 Reinsurance Risk Concentration Statement for the period to Reinsurance Risk Concentration Figures in Rupees (Rs) Premium ceded to reinsurers S.No. Reinsurance Placements No. of reinsurers Proportional Non-Proportional Facultative Premium ceded to reinsurers / Total reinsurance premium ceded (%) # No. of Reinsurers with rating of AAA and above 1 3,118,619-3% # No. of Reinsurers with rating AA but less than 3 3,975,611 3,684 3% # AAA # No. of Reinsurers with rating A but less than AA 15 98,883,252 14,772,489 94% # # No. of Reinsurers with rating BBB but less than % # A # No. of Reinsurres with rating less than BBB % Total ,977,481 14,776, %

26 (Rs in Lakhs) Sl.No. Line of Business PERIODIC DISCLOSURES FORM NL-24 Ageing of Claims Ageing of Claims for the quarter ended 31st December 2010 No. of claims paid Total No. of claims paid Total amount of claims paid 1 month - 3 month 3-6 months6 months - 1 year > 1 year 1 Fire Marine Cargo Marine Hull 4 Engineering Motor OD Motor TP Health Overseas Travel 9 Personal Accident Liability Crop 12 Miscellaneous

27 PERIODIC DISCLOSURES FORM NL-25 : Quarterly claims data for Non-Life CLAIMS DATA FOR NON LIFE FOR THE QUARTER YEAR ENDED 31ST DECEMBER 2010 No. of claims only Sl. No. Claims Experience Fire Marine Cargo Marine Hull Engineerin g Motor OD Motor TP Health Oversea Personal Liability Crop s Travel Accident Credit Miscellane ous Total 1 Claims O/S at the beginning of the perio Claims reported during the period Claims Settled during the period Claims Repudiated during the period Claims closed during the period Claims O/S at End of the period Less than 3months months to 6 months months to 1 year year and above

28 PERIODIC DISCLOSURES Solvency for the quarter ended 31st Dec 2010 Item No. Description Required solvency margin based on net premium and net incurred claims (Rs. in Lacs) PREMIUM Claims Gross Premium FORM NL-26 - CLAIMS INFORMATION - KG Table I Net Premium Gross incurred claim Net incurred Claim RSM-1 RSM-2 1 Fire 3, , Marine Cargo 1, Marine Hull 4 Motor 37,044 27,306 13,464 15,671 6,297 4,701 6,297 5 Engineering 1, Aviation Laibilities Others 3, , Health 6,233 3,708 3,322 2,036 1, ,060 Total 52,803 32,848 24,154 19,287 8,498 6,926 8,812 RSM

29 PERIODIC DISCLOSURES FORM NL-27 : Offices information for Non-Life Date: as on 31 st Dec 10 Sl. No. Office Information Number 1 No. of offices at the beginning of the year 51 2 No. of branches approved during the year 0 3 Out of approvals of previous year 1 4 No. of branches opened during the year Out of approvals of this year 0 5 No. of branches closed during the year 3 6 No of branches at the end of the year 49 7 No. of branches approved but not opend No. of rural branches 0 9 No. of urban branches 52

30 FORM NL-28-STATEMENT OF ASSETS - 3B Statement as on: 31/12/2010 Statement of Investment Assets (General Insurer, Re-insurers) (Business within India) Periodicity of Submission: Quarterly Rs. In Lakhs No PARTICULARS SCH AMOUNT 1 Investments 8 46, Loans 9 3 Fixed Assets 10 2, Current Assets a. Cash & Bank Balance 11 1, b. Advances & Other Assets 12 5, Current Liabilities a. Current Liabilities 13 21, b. Provisions 14 20, c. Misc. Exp not Written Off 15 31, d. Debit Balance of P&L A/c Application of Funds as per Balance Sheet (A) Less: Other Assets SCH Amount 1 Loans (if any) 9 2 Fixed Assets (if any) 10 2, Cash & Bank Balance (if any) 11 1, Advances & Other Assets (if any) 12 5, Current Liabilities 13 21, Provisions 14 20, Misc. Exp not Written Off 15 8 Debit Balance of P&L A/c 31, TOTAL (B) 82, 'Investment Assets' As per FORM 3B (A-B) 46,989.84

31 No 'Investment' represented as Reg. % 1 G. Sec. 2 G. Sec or Other Apporved Sec. (incl. (1) above) Not less than 20% Not less than 30% SH Book Value (SH PH FVC Amount Total Balance FRSM + + PH) % Actual (a) (b) (c) d = (b+c) (e) (d + e) 3 Investment subject to Exposure Norms - 1. 'Housing & Loans to SG for Housing and FFE, Infrastructure Investments Not less than 15% , % , , % , , % , Approved Investments Not , % , exceeding 3. Other Investments (not exceeding 25%) 55% % Total Investment Assets 100% 10, , , , , Market Value 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 Date: Signature: Full name: Designation: Note: (+) FRMS refers 'Funds representing Solvency Margin' (*) Pattern of Investment will apply only to SH funds representing FRMS ( A ) Book Value shall not include funds beyond Solvency Margin Other Investments' are as permitted under Sec 27A(2) and 27B(3)

32 NL-29-Debt Sec IRDA Periodic Disclosures FORM NL-29 Detail regarding debt securities Date: As on 31st Dec 2010 (Rs in Lakhs) Detail Regarding debt securities MARKET VALUE Book Value As at 31/12/10 as % of total for this class PERIODIC DISCLOSURES As at 31/12/2009 as % of total for this class As at 31/12/10 as % of total for this class As at 31/12/2009 as % of total for this class Break down by credit rating AAA rated 12,433 27% 6,609 35% 12,636 27% 6,468 35% AA or better Rated below AA but above A Rated below A but above B Any other ( P1+ & Equivalent ) 16,122 35% 479 3% 16,122 34% 479 3% BREAKDOWN BY RESIDUALMATURITY Up to 1 year 29,926 64% 14,445 77% 29,921 64% 14,387 77% more than 1 yearand upto 3years 486 1% 304 2% 501 1% 298 2% More than 3years and up to 7years 505 1% 491 3% 544 1% 501 3% More than 7 years and up to 10 years 15,654 34% 834 4% 16,007 34% 852 5% above 10 years - - 2,706 14% - - 2,609 14% Breakdown by type of the issurer a. Central Government 12,662 27% 3,992 21% 12,861 27% 4,002 21% b. State Government c.corporate Securities 9,430 20% 3,276 17% 9,649 21% 3,165 17% 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. Market value of the securities will be in accordnace with the valuation method specified by the Authority under Accounting/ Investment regulations. Page 1 of 1

33 NL-30-Ana Rat IRDA Periodic Disclosures REVISED PERIODIC DISCLOSURES FORM NL-30 : Analytical Ratios Date: As on 31st Dec 2010 Analytical Ratios for Non-Life companies Sl.No. Particular For the quarter Dec 2010 up to the Quarter Dec 2010 Corresponding quarter of the year Dec 2009 up to the Quarter of the preceeding year Dec Gross Premium Growth Rate % % % % 2 Gross Premium to shareholders' fund ratio % % % % 3 Growth rate of shareholders'fund % % % % 4 Net Retention Ratio 73.00% 66.00% 65.00% 59.00% 5 Net Commission Ratio -2.00% -2.00% -2.00% -5.00% 6 Expense of Management to Gross Direct Premium Ratio 51.00% 48.00% 62.00% 66.00% 7 Combined Ratio % 92.00% 82.00% 84.00% 8 Technical Reserves to net premium ratio 40.00% % 80.00% % 9 Underwriting balance ratio % % % % 10 Operationg Profit Ratio % % % % 11 Liquid Assets to liabilities ratio % % % % 12 Net earning ratio % % % % 13 return on net worth ratio % % % % 14 Available Solvency Margin Ratio to Required Solvency Margin Ratio NPA Ratio NA NA NA NA Gross NPA Ratio NA NA NA NA Net NPA Ratio NA NA NA NA Equity Holding Pattern for Non-Life Insurers (INR) 1 (a) No. of shares 259,989, ,989, ,344, ,344,733 2 (b) Percentage of shareholding (Indian / Foreign) / / / / ( c) %of Government holding (in case of public sector insurance companies) NIL NIL NIL NIL 4 (a) Basic and diluted EPS before extraordinary items (net of tax expense) for the period (not to be annualized) (3.79) (3.79) (5.46) (5.46) 5 (b) Basic and diluted EPS after extraordinary items (net of tax expense) for the period (not to be annualized) (3.79) (3.79) (5.46) (5.46) 6 (iv) Book value per share (Rs) Page 1 of 1

34 PERIODIC DISCLOSURES FORM NL-31 : Related Party Transactions Related Party Transactions Date: As on 31st Dec 2010 (Rs in Lakhs) Consideration paid / received* Sl.No. Name of the Related Party Nature of Relationship with the Compan Description of Transactions / Categories For the quarter Oct to Dec 2010 up to the Quarter Dec 2010 For the quarter Oct to Dec 2009 up to the Quarter Dec 2009 Insurance Premium Received Bharti Airtel Limited Enterprise under common control of ultimate holding companies of Joint Premium Received Venture partners Bharti Infratel Limited -do- Premium Received Others -do- Premium Received Others Person exercising significant influencepremium Received Insurance Claims Paid Bharti Airtel Limited Enterprise under common control of ultimate holding companies of Joint Claims paid Venture partners Bharti Airtel Services Limited -do- Claims paid Bharti Axa Investment Managers Pvt. Ltd. -do- Claims paid Bharti AXA Life Insurance Company Limited -do- Claims paid Others -do- Claims paid Rent paid 1 AXA Technology Services India Private Limited -do- Rent Paid Bharti Retail Limited -do- Rent Paid Bharti Airtel Limited -do- Rent Paid Bharti AXA Life Insurance Company Limited -do- Rent Paid Rent received 1 Bharti AXA Investment Managers Private Limited -do- Rent Received AXA Group Solutions Private Limited -do- Rent Received Informational Support Services Received 1 AXA Technology Services India Private Limited -do- IT Support AXA Asia Regional Centre Pte Limited -do- IT Support Professional Services Received 1 AXA Asia Regional Centre Pte Limited -do- Professional Services AXA Business Services Private Limited -do- Professional Services Bharti AXA Investment Managers Private Limited -do- Professional Services Bharti Enterprises Limited -do- Professional Services

35 Reinsurance 1 AXA Corporate Solution Reassurance - Reinsurnace premium Paid/ Payable -do- Reinsurance , , , AXA Corporate Solution Reassurance - Reinsurnace Claims Received/ Receivable -do- Reinsurance , AXA Corporate Solution Reassurance - Reinsurnace Commission Received/ Receivable -do- Reinsurance (43.37) Donations paid 1 Bharti Foundation -do- Donation Telephone Expenses Paid 1 AXA Technology Services India Private Limited -do- Telephone Expenses Bharti Airtel Limited -do- Telephone Expenses Bharti Airtel Services Limited -do- Telephone Expenses AXA Business Services Private Limited -do- Telephone Expenses Bharti Teletech Limited -do- Telephone Expenses Other Services Availed 1 AXA Technology Services India Private Limited -do- Other Services Availed AXA Business Services Private Limited -do- Other Services Availed Bharti Airtel Limited -do- Other Services Availed Bharti AXA Life Insurance Company Limited -do- Other Services Availed Bharti AXA Investment Managers Private Limited -do- Other Services Availed Bharti Teletech Limited -do- Other Services Availed AXA Asia Regional Centre Pte Limited -do- Other Services Availed Others -do- Other Services Availed Bhati Airtel Services Ltd -do- Other Services Availed Remuneration Paid 1 Mr. Milind Chalisgaonkar Key Managerial position Remuneration Paid 2 Dr. Amarnath Ananthanarayanan Key Managerial position Remuneration Paid Issue of Share Capital* 1 GIBA Holdings Private Limited Joint Venturer Partners Share Capital 2, , , , Societe Beujon Joint Venturer Partners Share Capital 1, , , Bharti Ventures Limited Joint Venturer Partners Share Capital 2, , , Purchase of Fixed Assets 1 AXA Technology Services India Private Limited Enterprise under common control of ultimate holding companies of Joint Purchase of Fixed Assets Venture partners 2 AXA Asia Regional Centre Pte Limited -do- Purchase of Fixed Assets AXA Business Services Private Limited -do- Purchase of Fixed Assets Security Deposit Refunded AXA Technology Services India Private Limited -do- Security Deposit refunded Reimbursement of Expenditure 1 Bharti AXA Investment Managers Private Limited -do- Reimbursement of expenditure AXA Asia Regional Centre Pte Limited -do- Reimbursement of expenditure * includes share premium received

36 PERIODIC DISCLOSURES FORM NL-32 Products Information Products Information as on 31st December 2010 List below the products and/or add-ons introduced during the period Sl. No. Name of Product Co. Ref. No. IRDA Ref.no. Class of Business* Category of product Date of filing of Product Date IRDA confirmed filing/ approval NIL NIL NIL NIL NIL NIL NIL

37 PERIODIC DISCLOSURES FORM NL-33 - SOLVENCY MARGIN - KGII TABLE - II Solvency for the Quarter ended on 31st Dec 2010 Available Solvency Margin and Solvency Ratio (Rs. in Lacs) Item Description Notes No. Amount (1) (2) (3) (4) 1 Available Assets in Policyholders Funds (adjusted value 40,079 of Assets as mentioned in Form IRDA-Assets-AA): Deduct: 2 Liabilities (reserves as mentioned in Form HG) 33,026 3 Other Liabilities (other liabilities in respect of 1,093 Policyholders Fund as mentioned in Balance Sheet) 4 Excess in Policyholders Funds (1-2-3) 5, Available Assets in Shareholders Funds (value of 16,312 Assets as mentioned in Form IRDA-Assets-AA): Deduct: 6 Other Liabilities (other liabilities in respect of 7,378 Shareholders Fund as mentioned in Balance Sheet) 7 Excess in Shareholders Funds (5-6) 8,933 8 Total Available Solvency Margin [ASM] (4+7) 14,893 9 Total Required Solvency Margin [RSM] 8, Solvency Ratio (Total ASM/Total RSM) 1.69