FORM NL-1-B-RA TOTAL (A) 18411762 16410870 REVENUE ACCOUNT FOR THE PERIOD ENDING 31ST MARCH, 2014 Current Year Previous Year Particulars Schedule 01.04.2013-31.03.2014 01.04.2012-31.03.2013 (Rs. 000) 1 Premium Earned (Net) NL-4-Premium Schedule 16478621 14762441 2 Profit/Loss on Sale/Redemption of Investments 2748 0 3 Accretion of Discount on Investment 26649 121104 4 Interest, Dividend & Rent -Gross 1903744 1527325 1 Claims Incurred (Net) NL-5-Claims Schedule 17244505 14446088 2 Commission NL-6- Commission Schedule (1721822) (2225425) 3 Operating Expenses related to Insurance Business NL-7-Operating Expenses Schedule 632081 464423 4 Premium Deficiency 0 0 5 Bank Interest 83684 10022 6 Expenses related to Investments : a) Amortization of Premium on Investments 9323 6911 b) Bank Charges 7 1 c) Stock Holding Charges 1098 967 d) Other Expenses 32 31 TOTAL (B) 16248908 12703018 Operating Profit from Crop Insurance Business C=(A-B) 2162854 3707852 APPROPRIATIONS Transfer to Shareholders' Account 2162854 3707852 Transfer to Catastrophe Reserve 0 0 Transfer to Other Reserves 0 0 TOTAL 2162854 3707852
FORM NL-2-B-PL PROFIT AND LOSS ACCOUNT FOR THE PERIOD ENDING 31ST MARCH, 2014 Current Previous Year Year Particulars Schedule 01.04.2013-31.03.2014 01.04.2012-31.03.2013 (Rs. 000) 1 OPERATING PROFIT/(LOSS) (a) Fire Insurance (b) Marine Insurance (c ) Misc. Insurance-Crop Insurance 2162854 3707852 2 INCOME FROM INVESTMENTS (a) Interest, Dividend & Rent Gross 1478219 1332975 (b) Profit on sale/redemption of investments 2134 0 Less: Loss on sale of investments (c) Accretion of Discount on Investment 20693 105694 3 OTHER INCOME a) Miscellaneous Receipts 12376 5577 b) Profit on Sale of Assets 164 15 TOTAL (A) 3676440 5152113 4 PROVISIONS (Other than taxation) (a) For diminution in the value of investments 0 0 (b) For doubtful debts 0 0 (c) Provision for standard asset 5552 21850 (d) Provision for Loyalty discount 0 0 5 OTHER EXPENSES (a) Expenses other than those related to Insurance Business i) Amortisation of Premium on Investments 7239 6032 ii) Stock Holding Charges 852 844 iii) Bank Interest & Charges 5 1 vi) Other investment related expenses 25 27 (b) Bad debts written off 0 0 (c) Others i) Loss on Sale of Assets 394 384 ii) Prior Period Expenses 195 276 iii) Wealth Tax 4329 3431 TOTAL (B) 18591 32845 Profit Before Tax (C=A-B) 3657849 5119268 Provision for Taxation a) Income Tax (Current Year) 1177425 1559611 b) Income Tax (pertaining to earlier years) 7357 1385 c) Wealth Tax 0 0 d) Deferred Tax (13413) 76153 TOTAL 1171369 1637149 APPROPRIATIONS (a) Interim dividends paid during the year (b) Proposed final dividend (c) Dividend distribution tax (d) Transfer to any Reserves or Other Accounts Balance of profit/ loss brought forward from last year Balance carried forward to Balance Sheet Profit After Tax (D) 2486480 3482119 0 0 0 0 0 0 2486480 3482119 0 0 2486480 3482119
SOURCES OF FUNDS SHARE CAPITAL SHARE APPLICATION MONEY PENDING ALLOTMENT RESERVES AND SURPLUS NL-8-Share Capital Schedule x Current Year 01.04.2013-31.03.2014 Previous Year 01.04.2012-31.03.2013 2000000 2000000 0 0 NL-10-Reserves and Surplus Schedule 19927613 17441133 FAIR VALUE CHANGE ACCOUNT (94986) (73414) DEFERRED TAX LIABILITY (Net) 31711 45124 BORROWINGS NL-11-Borrowings Schedule 0 0 APPLICATION OF FUNDS FORM NL-3-B-BS Registration No. 126 and Date of Registration with the IRDA: 30.10.2003 BALANCE SHEET FOR THE PERIOD ENDING 31ST MARCH, 2014 Particulars Schedule (Rs. 000) TOTAL 21864338 19412843 INVESTMENTS NL-12-Investment 40190673 39867622 Schedule LOANS NL-13-Loans Schedule 32140 19215 FIXED ASSETS NL-14-Fixed Assets 546539 490771 Schedule DEFERRED TAX ASSET (Net) CURRENT ASSETS CASH AND BANK BALANCES NL-15-Cash and bank 1490860 835320 balance Schedule ADVANCES AND OTHER ASSESTS NL-16-Advances and Other Assets Schedule 9796058 9499805 Sub-Total (A) 11286918 10335125 CURRENT LIABILITIES NL-17-Current 21344105 23071981 Liabilities Schedule PROVISIONS NL-18-Provisions Schedule 8847827 8227909 DEFERRED TAX LIABILITY (Net) 0 0 Sub-Total (B) 30191932 31299890 NET CURRENT ASSETS (C) = (A - B) (18905014) (20964765) MISCELLANEOUS EXPENDITURE (to the NL-19-Miscellaneous 0 0 extent not written off or adjusted) Expenditure Schedule DEBIT BALANCE IN PROFIT AND LOSS ACCOUNT 0 0 TOTAL 21864338 19412843 Contingent Liabilities Claims, other than against policies, not acknowledged as debts by the Company 0 0
FORM NL- 4 PREMIUM SCHEDULE PREMIUM EARNED (NET) FOR THE PERIOD ENDING 31ST MARCH, 2014 Particulars Current Year 01.04.2013-31.03.2014 Previous Year 01.04.2012-31.03.2013 (Rs. 000) Premium from direct business written 33950093 32974200 (Net of Service Tax) Add: Premium on reinsurance accepted 0 0 Less : Premium on reinsurance ceded 16946712 17020339 Net Premium 17003381 15953861 Adjustment for change in reserve for (524760) (1191420) unexpired risks Premium Earned (Net) 16478621 14762441
FORM NL-5 CLAIMS SCHEDULE CLAIMS INCURRED [NET] FOR THE PERIOD ENDING 31ST MARCH, 2014 Particulars Current Year 01.04.2013-31.03.2014 Previous Year 01.04.2012-31.03.2013 (Rs. 000) Claims paid 33193082 15672924 Add: Reinsurance Accepted 0 0 Less:Reinsurance Ceded 18510666 6791249 Net Claims paid 14682416 8881675 Add Claims Outstanding at the end of the current year 42450303 39605068 Add: Reinsurance Accepted 0 0 Less: Reinsurance Ceded 22823435 22540290 Net Claims Outstanding at the end of Current year 19626868 17064778 Less Claims Outstanding at the end of the previous of the year 39605069 21856195 Add: Reinsurance Accepted 0 0 Less: Reinsurance Ceded 22540290 10355830 Net Claims Outstanding at the end of the previous year 17064779 11500365 Gross Incurred Claims 36038316 33421797 Add :Re-insurance accepted to direct claims 0 0 Less :Re-insurance Ceded to claims paid 18793811 18975709 Total Claims Incurred 17244505 14446088
FORM NL-6 COMMISSION SCHEDULE COMMISSION FOR THE PERIOD ENDING 31ST MARCH, 2014 Particulars Current Year 01.04.2013-31.03.2014 Previous Year 01.04.2012-31.03.2013 (Rs. 000) Commission paid Direct 350757 315516 Add: Re-insurance Accepted 0 0 Less: Commission on Re-insurance Ceded* 2072579 2540941 Net Commission (1721822) (2225425) Break-up of the expenses (Gross) incurred to procure business to be furnished as per details indicated below: Agents 0 0 Brokers 6972 10463 Corporate Agency 0 0 Referral 0 0 Others: (i) Micro Insurance Agents/NGO's etc 6123 2395 (ii) Service Charges to Banks 334499 301486 (iii) Reimbursement to GIPSA Companies 3163 1172 (Coinsurance-Tie Up) TOTAL (B) 350757 315516
FORM NL-7 OPERATING EXPENSES SCHEDULE OPERATING EXPENSES RELATED TO INSURANCE BUSINESS FOR THE PERIOD ENDING 31ST MARCH, 2014 Particulars Current Year 01.04.2013-31.03.2014 Previous Year 01.04.2012-31.03.2013 (Rs. 000) 1 Employees remuneration & welfare benefits 233224 176243 2 Travel, conveyance and vehicle running expenses 28664 21579 3 Training expenses 2649 4016 4 Rents, rates & taxes 54389 39344 5 Repairs 10576 7274 6 Printing & Stationery 4128 3419 7 Communication 5051 4323 8 Legal & Professional charges 11693 12162 9 Auditor's Fees, Expenses etc (a) as auditor 1441 1397 (b) as adviser or in any other capacity, in respect of (i) Taxation matters 0 0 (ii) Insurance matters 0 0 (iii) Management services; and 0 0 (c) in any other capacity 321 329 10 Advertisement and Publicity 17560 9253 11 Research & Development Expenses 1309 2672 12 Fee & Subscription to Statutory Authorities 29397 23148 13 Interest & Bank Charges 89 65 14 Depreciation 110143 56330 15 Information Technology 93379 81222 16 Other 28068 21647 Total 632081 464423
FORM NL-8 SHARE CAPITAL SCHEDULE SHARE CAPITAL FOR THE PERIOD ENDING 31ST MARCH, 2014 Particulars Current Year 01.04.2013-31.03.2014 Previous Year 01.04.2012-31.03.2013 (Rs. 000) 1 Authorised Capital Equity Shares of Rs 10 each 15000000 15000000 2 Issued Capital Equity Shares of Rs.10 each 2000000 2000000 3 Subscribed Capital Equity Shares of Rs.10 each 2000000 2000000 4 Called-up Capital Equity Shares of Rs.10 each 2000000 2000000 Less : Calls unpaid 0 0 Add : Equity Shares forfeited (Amount 0 0 originally paid up) Less : Par Value of Equity Shares bought back 0 0 Less : Preliminary Expenses 0 0 Expenses including commission or 0 0 brokerage on Underwriting or subscription of shares 0 0 TOTAL 2000000 2000000
FORM NL-9 PATTERN OF SHAREHOLDING SCHEDULE PATTERN OF SHAREHOLDING FOR THE PERIOD ENDING 31ST MARCH, 2014 [As certified by the Management] Promoters Indian Shareholder As at 31.03.2014 Number of Shares ('000) % of Holding Number of Shares ('000) As at 31.03.2013 % of Holding General Insurance Corporation of India 70000 35% 70000 35% National Agriculture Bank for Rural Development National Insurance Company Ltd.& its nominee 60000 30% 60000 30% 17500 8.75% 17500 8.75% The Oriental Insurance Company Ltd. 17500 8.75% 17500 8.75% United India Insurance Company Ltd. 17500 8.75% 17500 8.75% The New India Assurance Company Ltd. & its nominee 17500 8.75% 17500 8.75% Foreign NIL NIL NIL NIL Others TOTAL 200000 100% 200000 100%
FORM NL-10 RESERVES AND SURPLUS SCHEDULE RESERVES AND SURPLUS FOR THE PERIOD ENDING 31ST MARCH, 2014 Particulars Current Year 01.04.2013-31.03.2014 Previous Year 01.04.2013-31.03.2014 1 Capital Reserve 0 0 2 Capital Redemption Reserve 0 0 3 Share Premium 0 0 4 General Reserve Opening Balance 17441133 13959014 Less:Charge on account of transitional provisions under Accounting Standard 15 0 0 Add: Profit transferred during the year 2486480 19927613 3482119 17441133 5 Catastrophe Reserve 0 0 6 Other Reserves 0 0 Balance of Profit in Profit & Loss Account TOTAL 19927613 17441133
FORM NL-11 BORROWINGS SCHEDULE BORROWINGS FOR THE PERIOD ENDING 31ST MARCH, 2014 Particulars Current Year 01.04.2013-31.03.2014 Previous Year 01.04.2012-31.03.2013 (Rs. 000) 1 Debentures/ Bonds 0 0 2 Banks 0 0 3 Financial Institutions 0 0 4 Others (to be specified) 0 0 TOTAL 0 0
FORM NL-12 INVESTMENTS SCHEDULE INVESTMENTS FOR THE PERIOD ENDING 31ST MARCH, 2014 Particulars Current Year 01.04.2013-31.03.2014 Previous Year 01.04.2012-31.03.2013 (Rs. 000) LONG TERM INVESTMENTS 1 Government securities and Government guaranteed bonds including Treasury Bills 8311831 8381355 2 Other Approved Securities 4322549 4212027 3 Other Investments ( a) Shares (aa) Equity 255364 278809 (bb) Preference 0 0 ( b) Mutual Funds 0 0 (c) Derivative Instruments 0 0 (d) Debentures/ Bonds 5420732 5251946 (e) Other Securities 509850 2171250 (f) Subsidiaries 0 0 (g) Investment Properties-Real Estate 0 0 4 Investments in Infrastructure and Social Sector 4481490 4797852 5 Other than Approved Investments 21479 20779 Sub-total (A) 23323295 25114018 SHORT TERM INVESTMENTS 1 Government securities and Government guaranteed bonds including Treasury Bills 1027406 290360 2 Other Approved Securities 135640 0 3 Other Investments (a) Shares (aa) Equity 0 0 (bb) Preference 0 0 ( b) Mutual Funds 300845 18325 (c) Derivative Instruments 0 0 (d) Debentures/ Bonds 830073 748965 (e) Other Securities 12686330 13462450 (f) Subsidiaries 0 0 (g) Investment Properties-Real Estate 0 0 4 Investments in Infrastructure and Social Sector 730695 190007 5 Other than Approved Investments 1156389 43497 Sub-total (B) 16867378 14753604 Note: TOTAL 40190673 39867622 (1) A provision of Rs.10,10,42 thousand ( Previous Year Rs.9,54,90 thousand) on Standard Assets in respect of investment in Debentures/Bonds appears under item 5 (iv) in Schdule 14. Market Value of Investments on 31.03.2014 40190673 39867622 Less: Fair Value Change Account (94986) (73414) Book Value of Investments as on 31.03.2014 40285659 39941036 (2) In view of IRDA guidelines, the value of Fixed deposit with banks amounting Rs.15,63,37,00 thousand has been shown under schedule 8 & 8A under the head 'Other Securities', instead of showing under Schedule 11 as in previous year. Similarly, the 'Deposit with Reserve Bank of India' (persuant to section 7 of Insurance Act,1938) has been shown under schedule 8 &8A amounting to Rs. 9,76,09 thousand under the head 'Government securities and Government guaranteed bonds', instead of under Schedule 12 in previous year.
FORM NL-13 LOANS SCHEDULE LOANS FOR THE PERIOD ENDING 31ST MARCH, 2014 Particulars Current Year 01.04.2013-31.03.2014 Previous Year 01.04.2012-31.03.2013 (Rs. 000) 1 SECURITY-WISE CLASSIFICATION Secured (a) On mortgage of property (aa) In India 0 0 (bb) Outside India 0 0 (b) On Shares, Bonds, Govt. Securities 0 0 (c) Others -Loan to staff 32140 19215 Unsecured 0 0 TOTAL 32140 19215 2 BORROWER-WISE CLASSIFICATION (a) Central and State Governments 0 0 (b) Banks and Financial Institutions 0 0 (c) Subsidiaries 0 0 (d) Industrial Undertakings 0 0 (e) Others (Loans to Staff) 32140 19215 TOTAL 32140 19215 3 PERFORMANCE-WISE CLASSIFICATION (a) Loans classified as standard (aa) In India 32140 19215 (bb) Outside India 0 0 (b) Non-performing loans less provisions (aa) In India 0 0 (bb) Outside India 0 0 TOTAL 32140 19215 4 MATURITY-WISE CLASSIFICATION (a) Short Term 2815 3985 (b) Long Term 29325 15230 TOTAL 32140 19215
FORM NL-14 FIXED ASSETS FOR THE YEAR ENDED 31ST MARCH, 2014 (Rs in '000) Particulars Cost / Gross Block Add: Less: Depreciation Net Block Sale / As at As at Additions For the On sale/ Up to As at As at As at Deduction/ during the current adjustment Discarded 01.04.13 year 31.03.14 01.04.13 Year 31.03.14 31.03.14 31.03.13 during the year (A)Tangible Assets Buildings 360703 3681 0 364384 16550 17329 0 33879 330505 344153 Furniture & Fixtures 12098 1331 10 13419 7552 961 4 8509 4910 4546 I.T. Equipments 121410 42814 38 164186 83288 15793 9 99072 65114 38122 Vehicles 16815 6616 2692 20739 6529 3573 1704 8398 12341 10286 Office Equipments 6804 783 5 7582 3738 608 5 4341 3241 3066 Elec.Equip.& Fittings 6511 909 0 7420 2908 516 0 3424 3996 3603 Leasehold Improvement 7162 0 0 7162 7162 0 0 7162 0 0 (B)Intangible Assets 0 Computer Software 140180 121708 0 261888 54870 80586 0 135456 126432 85310 TOTAL (A) 671683 177842 2745 846780 182597 119366 1722 300241 546539 489086 Capital Work In Progress Capital Work in Progress-Hardware 0 0 0 0 0 0 0 0 0 0 Capital Work in Progress-Software 1685 0 1685 0 0 0 0 0 0 1685 TOTAL (B) 1685 0 1685 0 0 0 0 0 0 1685 GRAND TOTAL (A)+(B) 673368 177842 4430 846780 182597 119366 1722 300241 546539 490771 PREVIOUS YEAR 320846 408042 55520 673368 123168 61141 1712 182597 490771 197678
FORM NL-15 CASH AND BANK BALANCES SCHEDULE CASH AND BANK BALANCES FOR THE PERIOD ENDING 31ST MARCH, 2014 Particulars Current Year 01.04.2013-31.03.2014 Previous Year 01.04.2012-31.03.2013 (Rs. 000) 1 Cash (including cheques, drafts and stamps) 184 5 2 Bank Balances (a) Deposit Accounts (aa) Short-term (due within 12 months) 0 0 (bb) Flexi Deposit 672 277248 (cc) Others 0 0 (b) (i) Current Accounts 1489795 557692 (ii) Others 0 0 (c) Others 209 375 (i) Remittances in Transit 0 0 3 Money at Call and Short Notice (a) With Banks 0 0 (b) With other Institutions 0 0 4 Others 0 0 TOTAL 1490860 835320 Note: The previous year figure of Rs.15,63,37,00 thousand pertaining to 'Fixed Deposit' has been regrouped in Schedule 8 & 8 A under the heading 'Other Securities' to make it comparable with current year figures.
FORM NL-16 ADVANCES AND OTHER ASSETS SCHEDULE ADVANCES AND OTHER ASSETS FOR THE PERIOD ENDING 31ST MARCH, 2014 Particulars Current Year 01.04.2013-31.03.2014 Previous Year 01.04.2012-31.03.2013 (Rs. 000) ADVANCES 1 Reserve deposits with ceding companies 0 0 2 Application money for investments 0 0 3 Prepayments 58409 30466 4 Advances to Directors/Officers 2738 1827 5 Advance tax paid and taxes deducted at source (Net of provision for taxation) 380173 355861 6 Others: (a) Advance Rent paid 222 3570 (b) Sundry Advances 34177 24126 TOTAL (A) 475719 415850 OTHER ASSETS 1 Income accrued on investments 1 (a) Accrued but not due 1220942 1396776 1(b) Accrued and due 6960 1210 1(b) Income accrued on flexi deposit 0 3826 2 Outstanding Premiums 0 0 3 Agents Balances 0 0 4 Due from other entities carrying on insurance business(including reinsurers) 1908023 81401 5 Due from subsidiaries/ holding company 0 0 6 Deposit with Reserve Bank of India 0 0 [Pursuant to section 7 of Insurance Act, 1938] 7 Others: a) Sundry Deposits 34283 34270 b) Advance against Capital Assets 368654 17897 c) Short Collection of Premium 47919 140318 d) Premium Receivable 0 0 e) Others (Adhoc payment to Govt. of India) 2000000 2000000 f) Government (Centre/States/Uts/Coffee Board) 3711217 5384871 g) Sundry Debtors 0 0 h) Service Tax Unutilized Credit 22341 23387 TOTAL (B) 9320339 9083956 GRAND TOTAL (A+B) 9796058 9499806
FORM NL-17 CURRENT LIABILITIES SCHEDULE CURRENT LIABILITIES FOR THE PERIOD ENDING 31ST MARCH, 2014 Particulars Current Year 01.04.2013-31.03.2014 Previous Year 01.04.2012-31.03.2013 1 Agents Balances 0 0 2 Balances due to other insurance companies 195130 1082383 3 Deposits held on re-insurance ceded 0 0 4 Premiums received in advance 0 0 5 Unallocated Premium 0 0 6 Sundry creditors a) Cheques issued to insureds, but not enchased 75146 76290 b) Sundry Creditors, other than 6(a) 787254 160384 7 Due to subsidiaries/ holding company 0 0 8 Claims Outstanding a) Claims settled but not paid 543122 730955 b) Claims outstanding, other than 8(a) 19079139 16329620 9 Due to Officers/ Directors 81 13 10 Others: (Rs. 000) a) Excess Collection of Premium 229654 139312 b) Expenses Payable 22916 369999 c) Earnest Money Deposit 750 965 d) Government (Centre/States/UTs/Coffee Board) 410913 4182060 e) Advance from financial Institution 0 0 Note: TOTAL 21344105 23071981 The previous year figure of Rs. 13 thousand 'Due to Officers/Directors' has been regrouped from Sundry Creditors and shown seprately to make it comparable with current year figures.
FORM NL-18 PROVISIONS SCHEDULE PROVISIONS FOR THE PERIOD ENDING 31ST MARCH, 2014 Particulars Current Year 01.04.2013-31.03.2014 Previous Year 01.04.2012-31.03.2013 1 Reserve for Unexpired Risk 8501690 7976931 2 For taxation (less advance tax paid 0 0 and taxes deducted at source) 3 For Proposed Dividends 0 0 4 For Dividend Distribution Tax 0 0 5 Others: (Rs. 000) a) Provision for Retirement Benefits 147724 112986 b) Provision for Doubtful Debts 47 47 c) Provision for Premium Defalcation 18733 18733 d) Provision on Standard Assets 101042 95490 e) Provision for Outstanding Expenses 48766 23670 f) Provision for Purchase 29753 0 g) Provision for Loyalty Discount 72 52 6 Reserve for Premium Deficiency 0 0 TOTAL 8847827 8227909
FORM NL-19 MISCELLANEOUS EXPENDITURE SCHEDULE MISCELLANEOUS EXPENDITURE FOR THE PERIOD ENDING 31ST MARCH, 2014 (To the extent not written off or adjusted) Particulars Current Year 01.04.2013-31.03.2014 Previous Year 01.04.2012-31.03.2013 (Rs. 000) 1 Discount Allowed in issue of shares/ debentures 0 0 2 Others 0 0 Total 0 0
FORM NL-20 RECEIPT AND PAYMENTS SCHEDULE RECEIPT AND PAYMENTS FOR THE PERIOD ENDING 31ST MARCH, 2014 Particulars Amount (Rs in '000) Cash Flows from the Operating Activities: Premium received from policyholders, including advance receipts 34132835 Other receipts 12376 Payments to the re-insurers, net of commissions and claims (3636129) Payments to co-insurers, net of claims recovery 0 Payments of claims 33193082 Payments of commission and brokerage 350757 Payments of other operating expenses 798332 Preliminary and pre-operative expenses 0 Deposits, advances and staff loans 12925 Income taxes paid (Net)** 1213424 Service tax paid (1046) Other payments 0 Cash flows before extraordinary items 2213866 Cash flow from extraordinary operations 0 Net cash flow from operating activities 2213866 Cash flows from investing activities: Purchase of fixed assets 176157 Proceeds from sale of fixed assets 792 Purchases of investments 808653 Loans disbursed 0 Sales of investments 0 Repayments received 0 Rents/Interests/ Dividends received 3560757 Investments in money market instruments and in liquid mutual funds (Net)* (494809) Expenses related to investments 2018 Net cash flow from investing activities 3069529 Cash flows from financing activities: Proceeds from issuance of share capital 0 Proceeds from borrowing 9014810 Repayments of borrowing (9014810) Increase in Liabilities 0 Interest/dividends paid (83684) Net cash flow from financing activities (4544172) Net cash flow from financing activities (4627856) Effect of foreign exchange rates on cash and cash equivalents, net 0 Net increase in cash and cash equivalents: Cash and cash equivalents at the beginning of the year 835320 Cash and cash equivalents at the end of the year 1490860 *Investments in mutual funds where these are used as parking vehicles pending investment are to be indicated (net).
FORM NL-21 STATEMENT OF LIABILITIES Statement of Liabilities FOR THE PERIOD ENDING 31ST MARCH, 2014 As at 31.03.2014 As at 31.03.2013 (Rs. in Lakh) 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 2 Marine a Marine Cargo b Marine Hull 3 Miscellaneous a Motor b Engineering c Aviation d Liabilities e Others 4 Health Insurance 5 Crop Insurance 85016.90 101914.62 94307.99 281239.51 79769.31 91018.35 79587.40 250375.06 Total Liabilities 85016.90 101914.62 94307.99 281239.51 79769.31 91018.35 79587.40 250375.06
FORM NL-22 GEOGRAPHICAL DISTRIBUTION OF BUSINESS Gross Direct Premium Underwritten FOR THE PERIOD ENDING 31ST MARCH, 2014 (Rs. in Lakh) STATES Crop Insurance All Other Miscellaneous Grand Total For the FY 2013-14 For the Year Upto the 2013-14 Andhra Pradesh 76734 76734 Arunachal Pradesh 0 Assam 507 507 Bihar 40339 40339 Chhattisgarh 3977 3977 Goa 1 1 Gujarat 26738 26738 Haryana 1713 1713 Himachal Pradesh 194 194 Jammu & Kashmir 62 62 Jharkhand 799 799 Karnataka 11659 11659 Kerala 1101 1101 Madhya Pradesh 37759 37759 Maharasthra 16398 16398 Manipur 53 53 Meghalaya 0 0 Mizoram 40 40 Nagaland 0 Orissa 9701 9701 Punjab 0 0 Rajasthan 53376 53376 Sikkim 0 0 Tamil Nadu 14334 14334 Tripura 0 0 Uttar Pradesh 12753 12753 Uttrakhand 1296 1296 West Bengal 29927 29927 Andaman & Nicobar Is. 21 21 Chandigarh 0 0 Dadra & Nagra Haveli 0 0 Daman & Diu 0 0 Delhi 0 0 Lakshadweep 0 0 Puducherry 18 18 Total 339501 339501
FORM NL-23 REINSURANCE RISK CONCENTRATION Registration No. 126 and Date of Registration with the IRDA: 30.10.2003 REINSURANCE RISK CONCENTRATION FOR THE PERIOD ENDING 31ST MARCH, 2014 (Rs. in Lakh) Reinsurance Placements No. of reinsurers Premium ceded to reinsurers Proportional Non-Proportional Facultative Premium ceded to reinsurers / Total reinsurance premium ceded (%) 1 No. of Reinsurers with rating of AAA and above 0 0.00 0.00 0.00 2 No. of Reinsurers with rating AA but less than AAA 5 54581.75 5299.30 35.33 3 No. of Reinsurers with rating A but less than AA 19 25823.05 1744.52 NIL 16.27 4 No. of Reinsurers with rating BBB but less than A 3 1756.65 64.68 1.07 5 No. of Reinsurers with rating less than BBB 0 0.00 0.00 0.00 6 No. of Indian Reinsurers 5 80197.17 0.00 47.32 Total 32 162358.63 7108.49 100.00
FORM NL-24 AGEING OF CLAIMS AGEING OF CLAIMS FOR THE PERIOD ENDING 31ST MARCH, 2014 LINE OF BUSINESS No. of Claims Paid 1 Month 1-3 Months 3-6 Months 6 Months - 1 Year > 1 Year Total No. of Claims Paid Total Amount of Claims Paid No. of Farmers No. of Farmers No. of Farmers No. of Farmers No. of Farmers No. of Farmers (Rs in Lakh) Crop Insurance 152073.4045 2687063 1243699 6123916.62 223838.0482 10430590 331930.82
FORM NL-25 CLAIM DATA FOR NON-LIFE Registration No. 126 and Date of Registration With the IRDA:30.10.2003 CLAIMS DATA FOR THE PERIOD ENDING 31ST MARCH, 2014 Claims Experience CROP INSURANCE No. of Claims (No. of Farmers) 1 CLAIMS O/S AT THE BEGINNING OF THE PERIOD 7319593 2 CLAIMS REPORTED DURING THE PERIOD 12866659 3 CLAIMS SETTLED DURING THE PERIOD 10430590 4 CLAIMS REPUDIATED DURING THE PERIOD 9222 5 CLAIMS CLOSED DURING THE PERIOD 550673 6 CLAIMS O/S AT END OF THE PERIOD 9195767 LESS THAN 3 MONTHS 6072410 3 MONTHS TO 6 MONTHS 1583494 6 MONTHS TO 1 YEAR 907980 1 YEAR AND ABOVE 631882
FORM NL-26 CLAIMS INFORMATION -KG TABLE I Required Solvency Margin Based on Net Premium and Net Incurred Claims PREMIUM (Rs. in Lakh) Description Gross Premium Net Premium Gross incurred claim Net incurred Claim RSM-1 RSM-2 RSM 1 Fire 2 Marine Cargo 3 Marine Hull 4 Motor 5 Engineering 6 Aviation 7 Laibilities 8 Others-Crop Insurance 339500.93 170033.80 360383.16 172445.05 47530.12 75680.47 75680.47 9 Health Total 339500.93 170033.80 360383.16 172445.05 47530.12 75680.47 75680.47
FORM NL-27 OFFICES INFORMATION FOR NON-LIFE OFFICES INFORMATION FOR NON-LIFE FOR THE PERIOD ENDING 31ST MARCH, 2014 Office Information Number 1 2 No. of offices at the beginning of the year 22 No. of branches approved during the year 0 3 4 No. of branches opened during the year Out of approvals of previous year Out of approvals of this year 0 0 5 6 No. of branches closed during the year 0 No of branches at the end of the year 22 7 No. of branches approved but not opened NA 8 No. of rural branches NA 9 No. of urban branches 22 The above figure includes 1 Head Office at Delhi and 17 Regional Office and 4 One Man Office
FORM NL-28-STATEMENT OF ASSETS - 3B Company Name & Code: Statement as on: Statement of Investment Assets (General Insurer, Re-insurers) (Business within India) Periodicity of Submission: Quarterly AGRICULTURE INSUARNCE COMPANY OF INDIA LIMITED, CODE NO.126 31ST MARCH 2014 Rs. In Lakh No PARTICULARS SCH AMOUNT 1 Investments 8 401907 2 Loans 9 321 3 Fixed Assets 10 5465 4 Current Assets a. Cash & Bank Balance 11 14909 b. Advances & Other Assets 12 97961 5 Current Liabilities a. Current Liabilities 13 213441 b. Provisions 14 88478 c. Misc. Exp not Written Off 15 0 d. Debit Balance of P&L A/c Application of Funds as per Balance Sheet (A) 822482 Less: Other Assets SCH AMOUNT 1 Loans (if any) 9 321 2 Fixed Assets (if any) 10 5465 3 Cash & Bank Balance (if any) 11 14909 4 Advances & Other Assets (if any) 12 97961 5 Current Liabilities 13 213441 6 Provisions 14 88478 7 Misc. Exp not Written Off 15 0 8 Debit Balance of P&L A/c TOTAL (B) 420575 'Investment Assets' As per FORM 3B (A-B) 401907 No 'Investment' represented as Reg. % SH Balance FRSM + PH Book Value (SH + PH) % Actual FVC Amount Total *Market Value (a) (b) (c) d = (b+c) (e) (d + e) 1 G. Sec. Not less than 20% 0 38347 55045 93392 23.19 0 93392 89061 2 G. Sec or Other Apporved Sec. (incl. (1) above) Not less than 30% 0 56652 81322 137974 34.26 0 137974 132078 3 Investment subject to Exposure Norms 1.'Housing & Loans to SG for Housing and FFE, Infrastructure Investments Not less than 15% 0 36722 52714 89436 22.20 89436 115737 2. Approved Investments Not exceeding 55% 0 67102 96322 163425 40.57-770 162655 169190 3. Other Investments (not exceeding 25%) Not exceeding 25% 0 4936 7086 12022 2.97-180 11841 11779 Total Investment Assets 100.00% 0 165413 237444 402857 100.00 401907 428784 *All securities are considered to be on the basis of 'Held to Maturity'. 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: 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)
NL-29 IRDA Periodic Disclosures As at 31.03.2014 FORM NL-29 Detail regarding debt securities MARKET VALUE* as % of total for this class as at 31.03.13 Of the previous year Detail Regarding debt securities as % of total for this class As at 31.03.2014 as % of total for this class BOOK VALUE as at 31.03.13 Of the previous year as % of total for this class Break down by credit rating AAA rated * 260124.02 63.13% 226334.08 57.51% 237339.81 0.62 227459.96 57.58% AA or better 19936.10 4.84% 10860.61 2.76% 15264.33 0.04 11265.14 2.85% Rated below AA but above A Rated below A but above B Any other ** 131961.80 32.03% 156337.00 39.73% 131961.80 0.34 156337.00 39.57% 395062.10 Breakdown by Residualmaturity Up to 1 year 154521.09 37.50% 146842.71 37.31% 154101.43 0.40 146917.80 37.19% More than 1 yearand upto 3years 65248.70 15.84% 90360.76 22.96% 59105.70 0.15 90945.54 23.02% More than 3 years and up to 7years 99805.95 24.22% 87005.49 22.11% 88875.52 0.23 86653.70 21.93% More than 7 years and up to 10 years 65434.95 15.88% 54464.14 13.84% 57633.80 0.15 55178.67 13.97% Above 10 years 27011.23 6.56% 14858.59 3.78% 24849.49 0.06 15366.39 3.89% Breakdown by type of the issuer a. Central Government 89061.00 21.62% 85549.28 21.74% 93392.35 0.24 86717.14 21.95% b. State Government 43016.88 10.44% 42749.65 10.86% 44581.89 0.12 42120.27 10.66% c. Corporate Securities 279944.04 67.94% 265232.76 67.40% 246591.70 0.64 266224.69 67.39% (Rs in Lakh) *All securities are considered to be on the basis of 'Held to Maturity'. Page 29 of 41
FORM NL-30 ANALYTICAL RATIOS RegistRation No. 126 and Date of RegistRation with the IRDA: 30.10.2003 ANALYTICAL RATIOS FOR NON-LIFE COMPANIES Particulars 2013-14 2012-13 Percentage/Ratio 1 Gross Direct Premium Growth Rate 2.96% 27.96% 2 Gross Direct Premium to Net Worth Ratio (In Times)* 1.70 1.89 3 Growth Rate of Net Worth* 14.26% 24.95% 4 Net Retention Ratio 50.08% 48.38% 5 Net Commission Ratio -10.13% -13.95% 6 Expenses of Management to Gross Direct Premium Ratio 2.89% 2.37% 7 Expense of Management to Net Written Premium Ratio 5.78% 4.89% 8 Net Incurred Claims to Net Earned Premium 104.65% 97.86% 9 Combined Ratio 98.24% 86.82% 10 Technical Reserves to Net Premium Ratio (in Times) 1.65 1.57 11 Underwriting Balance Ratio (in Times) 0.02 0.14 12 Operating Profit Ratio 13.70% 25.24% 13 Liquid Assets to Liabilities Ratio (in Times) 0.65 0.62 14 Net Earnings Ratio 14.62% 21.83% 15 Return on Net Worth* 12.48% 19.96% 16 Available Solvency Margin Ratio to Required Solvency Margin Ratio* 2.60 2.47 17 NPA Ratio 0.00 0.00 Equity Holding Pattern for Non-Life Insurers 1 (a) No. of shares 2 (b) Percentage of shareholding (Indian / Foreign) 3 ( c) %of Government holding (in case of public sector insurance companies) (a) Basic and diluted EPS before extraordinary items (net of tax expense) for the period 4 (not to be annualized) (b) Basic and diluted EPS after extraordinary items (net of tax expense) for the period (not 5 to be annualized) 6 (iv) Book value per share (Rs) *does not include Rs. 200 crore adhoc payment to Government of India 200000000 100 100% held by Govt. Corporation/Companies/Bank 12.43 17.41 10 Note: The ratios are as per the Master Circular No. IRDA/F&I/CIR/F&A/231/10/2012 dated 05.10.2012 and the subsequent corrigendum issued dated 03.07.2013.
FORM NL-31 RELATED PARTY TRANSACTIONS Agiculture Insurance Company of India Limited Registration No. 126 and Date of Registration with the IRDA: 30.10.2003 RELATED PARTY TRANSACTIONS FOR THE FINANCIAL YEAR 2013-14 Name of the Related Party Nature of Relationship with the Company Description of Transactions / Categories (Rs. in Lakh) Consideration paid 1 General Insurance Corpn of India 54150 2 New India Assurance Company 6740 3 National Insurance Company Shareholder Reinsurance 6578 4 Oriental Insurance Company 6793 5 United India Insurance Company 6632
FORM NL-32: Products Information Registration No. 126 and Date of Registration with the IRDA: 30.10.2003 PRODUCTS INFORMATION AS ON 31ST MARCH, 2014 List below the products and/or add-ons introduced during the period 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 1 Community Based Individual Farm Insurance Scheme(CBIFIS) Letter Dt. 02.08.2013 Misc. Crop Insurance Experimented scheme only for trial purpose has been implemented in 5 Dist of AP and Bihar 02.08.2013 Inormation Submitted 2 Tensio meters Innovative Technology Insurance Scheme Letter Dt. 18.11.2013 Misc. Crop Insurance The product is a part of Research & Development initiation with PAU insuring only 500 farmers 24.09.2013 Inormation Submitted
FORM NL-33 SOLVENCY MARGIN-KGII Registration No. 126 and Date of Registration with the IRDA: 30.10.2003 SOLVENCY FOR THE YEAR ENDING 31ST MARCH, 2014 AVAILABLE SOLVENCY MARGIN AND SOLVENCY RATIO Description Notes No. (Rs. in lakh) Amount (1) (2) (3) (4) 1 Available Assets in Policyholders Funds (adjusted value 1 270340.43 of Assets as mentioned in Form IRDA-Assets-AA): Deduct: 2 Liabilities (reserves as mentioned in Form HG) 2 281239.51 3 Other Liabilities (other liabilities in respect of 2 2297.26 Policyholders Fund as mentioned in Balance Sheet) 4 Excess in Policyholders Funds (1-2-3) (13196.34) 5 Available Assets in Shareholders Funds (value of 3 228672.32 Assets as mentioned in Form IRDA-Assets-AA): Deduct: 6 Other Liabilities (other liabilities in respect of 2 18382.55 Shareholders Fund as mentioned in Balance Sheet) 7 Excess in Shareholders Funds (5-6) 210289.77 8 Total Available Solvency Margin [ASM] (4+7) 197093.43 9 Total Required Solvency Margin [RSM] 75680.47 10 Solvency Ratio (Total ASM/Total RSM) 2.60
Name of person Schedule Board of Directors 1 Mr. P. J. Joseph Chairman-cum-Managing Director 2 Mr. R. K. Tiwari Director 3 Mr. Mukesh Khullar Director 4 Mr. K. N. Bhandari Director 5 Mr. Shashank Saksena Director 6 Mr. P K Bhagat Director 7 Mr. S. K. Chanana Director 8 Mr. Kuldip Singh Director 9 Prof. Gopal Naik Director 10 Mr. S. Ramabhadran Director 11 Mr. S. Surenther Director 12 Dr. R. N. Kulkarni Director 13 Dr. A. K. Bhutani Director 14 Mr. Arvind Kumar Director 15 Mr. P. Venkataramiah Director 16 Mr. Anup Wadhawan Director 17 Ms. Asha Nair Director 18 Mr. H.R. Dave Director 17 Mr. G.C. Gaylong Director Key Persons 1 Shri S. Chidambaram Appointed Actuary FORM NL-34 For the period from 01.04.2012 to 31.03.2014 Board of Directors and Key Person information Details of change in the period No Change during the reported period of Financial Year 2013-14 Ceased to hold office w.e.f. 18.06.2013. No Change during the reported period of Financial Year 2013-14 No Change during the reported period of Financial Year 2013-14 Ceased to hold office w.e.f. 18.06.2013. Ceased to hold office w.e.f. 14.08.2013. Ceased to hold office w.e.f. 31.08.2013. No Change during the reported period of Financial Year 2013-14 No Change during the reported period of Financial Year 2013-14 No Change during the reported period of Financial Year 2013-14 Ceased to hold office w.e.f. 31.10.2013. Ceased to hold office w.e.f. 14.02.2014 Joined as Director w.e.f 18.06.2013. Ceased to hold office w.e.f. 14.08.2013. Joined as Director w.e.f 14.08.2013. Joined as Director w.e.f 14.08.2013. Joined as Director w.e.f 26.11.2013. Joined as Director w.e.f 14.02.2014. Joined as Director w.e.f 14.02.2014. Ceased to hold office w.e.f. 31.12.2013
FORM NL-35-NON PERFORMING ASSETS-7A Company Name & Code: AGRICULTURE INSURANCE COMPANY OF INDIA LIMITED, CODE NO.126 Statement as on: 31ST MARCH 2014 Details of Investment Portfolio Periodicity of Submission : Quarterly COI Company Name Instrument Type % Interest Rate Has there been revision? Total O/s (Book Value) Default Principal (Book Value) Default Interest (Book Value) Principal Due from Interest Due from Deferred Principal Deferred Interest Rolled Over? Has there been any Principal Waiver? Amount Board Approval Ref Classification Provision (%) Provision (Rs) NIL 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: Note: A. Category of Investmet (COI) shall be as per INV/GLN/001/2003-04 B. FORM 7A shall be submitted in respect of each 'fund'. C. Classification shall be as per F&A-Circulars-169-Jan-07 Dt.24-01-07.
FORM NL-36-YIELD ON INVESTMENTS 1 Company Name & Code: AGRICULTURE INSUANCE COMPANY OF INDIA LIMITED, CODE NO.126 Statement as on: 31ST MARCH 2014 Statement of Investment and Income on Investment Periodicity of Submission: Quarterly Current Quarter Year to Date Previous Year Rs. Lakhs No. Category of Investment Category Code Investment (Rs.) Income on Investment (Rs.) Income on Gross Yield Net Yield Investment (Rs.) Income on Gross Yield Net Yield Gross Yield Investment Investment Investment (%)¹ (%)² (%)¹ (%)² (%)¹ (Rs.) (Rs.) (Rs.) Book Value Market Value* Book Value Market Value Book Value Market Value A1 CENTRAL GOVERNMENT BONDS CGSB 92398.21 88078.80 1812.49 7.96 5.25 88802.60 88078.80 6899.21 7.77 5.13 72339.68 84537.88 5524.82 7.64 5.16 A4 DEPOSIT UNDER SECTION 7 OF INSURANCE ACT, 1938 CDSS 980.24 982.20 21.77 9.00 5.94 978.46 982.20 87.13 8.90 5.87 982.26 1011.40 79.39 8.08 5.46 A5 TREASURY BILLS CTRB 2330.59 0.00 8.24 8.60 5.68 3697.78 0.00 85.18 8.58 5.66 0.00 0.00 0.00 0.00 0.00 B1 STATE GOVERNMENT BONDS SGGB 44585.45 43016.88 945.34 8.60 5.68 43326.15 43016.88 3661.32 8.45 5.58 35223.17 42749.65 2952.51 8.38 5.66 C5 BONDS / DEBENTURES ISSUED BY HUDCO HTHD 1000.00 1217.46 22.32 9.05 5.97 1000.00 1217.46 90.50 9.05 5.97 1000.00 1006.44 90.36 9.04 6.10 Net Yield (%)² C7 BONDS / DEBENTURES ISSUED BY AUTHORITY CONSTITUTED UNDER ANY HOUSING / BUILDING SCHEME APPROVED BY CENTRAL / STATE / ANY AUTHORITY OR BODY CONSTITUTED BY CENTRAL / STATE ACT HTDA 32820.60 40582.30 756.99 9.35 6.17 33422.38 40582.30 3114.10 9.32 6.15 30505.29 3789.06 2796.35 9.17 6.19 C8 BONDS / DEBENTURES ISSUED BY HUDCO HFHD 4262.00 6593.63 78.70 7.49 7.49 4262.00 6593.63 319.16 7.49 7.49 2503.10 34117.72 189.77 7.58 7.58 D08 D10 INFRASTRUCTURE - PSU - DEBENTURES / BONDS INFRASTRUCTURE - OTHER CORPORATE SECURITIES - DEBENTURES/ BONDS IPTD 26150.54 32064.84 533.59 8.28 5.47 26571.86 32064.84 2208.36 8.31 5.49 30153.59 29514.84 2529.76 8.39 5.67 ICTD 15074.86 18278.77 362.75 9.76 6.44 13802.84 18278.77 1326.25 9.61 6.34 9503.36 9571.49 890.45 9.37 6.33 D13 INFRASTRUCTURE - PSU - DEBENTURES / BONDS IPFD 11046.75 16999.69 205.37 7.54 7.54 11162.28 16999.69 840.80 7.53 7.53 8750.72 10198.33 666.35 7.61 7.61 E1 PSU - EQUITY SHARES - QUOTED EAEQ 3050.72 2104.27 56.06 7.45 7.45 3093.55 2104.27 134.33 4.34 4.34 3126.19 2473.51 78.90 2.52 2.52 E17 DEPOSITS - DEPOSIT WITH SCHEDULED BANKS, FIS (INCL. BANK BALANCE AWAITING INVESTMENT), CCIL, RBI ECDB 101877.45 131961.80 2568.76 10.23 6.75 138469.13 131961.80 13575.76 9.80 6.47 119007.50 156337.00 12313.67 10.35 6.99 E2 CORPORATE SECURITIES - EQUITY SHARES (ORDINARY)- QUOTED EACE 275.01 449.37 5.18 7.63 7.63 241.29 449.37 30.53 12.65 12.65 183.74 314.57 6.00 3.27 3.27 E23 COMMERCIAL PAPERS ECCP 0.00 0.00 0.00 0.00 0.00 1609.31 0.00 46.49 9.76 6.44 5237.34 2928.51 525.29 10.03 6.78 E24 APPLICATION MONEY ECAM 1000.00 0.00 0.28 10.15 6.70 1000.00 0.00 1.07 9.78 6.46 1641.30 0.00 13.27 6.41 6.41 E25 PERPETUAL DEBT INSTRUMENTS OF TIER I & II CAPITAL ISSUED BY PSU BANKS EUPD 500.00 537.35 9.18 7.45 4.92 500.00 537.35 37.25 7.45 4.92 500.00 485.92 37.35 7.47 5.05 E26 PERPETUAL DEBT INSTRUMENTS OF TIER I & II CAPITAL ISSUED BY NON-PSU BANKS EPPD 700.00 780.52 13.44 7.79 5.14 700.00 780.52 54.50 7.79 5.14 700.00 678.06 54.53 7.79 5.26 E30 MUTUAL FUNDS - GILT / G SEC / LIQUID SCHEMES EGMF 8456.01 2930.99 100.38 6.37 6.37 4888.58 2930.99 199.54 6.01 6.01 2990.34 183.25 179.24 5.79 5.79 E6 CORPORATE SECURITIES - BONDS - (TAXABLE) EPBT 23537.94 30426.03 567.15 9.77 6.45 20555.03 30426.03 1987.85 9.67 6.38 11005.21 16605.40 998.19 9.07 6.13 F12 EQUITY SHARES (PSUS & UNLISTED) OEPU 400.44 214.79 7.19 7.28 7.28 405.59 214.79 17.32 4.27 4.27 410.94 207.79 7.54 1.83 1.83 F14 MUTUAL FUNDS - DEBT / INCOME / SERIAL PLANS / LIQUID SECEMES OMGS 13789.85 11563.89 223.63 6.96 6.96 13937.74 11563.89 823.01 7.46 7.46 7734.24 434.97 763.32 7.90 7.90 TOTAL 384236.66 428783.59 8298.81 8.76 5.78 412426.57 428783.59 35539.66 8.62 5.69 344098.29 397145.80 30697.06 8.92 6.03 *All securities are considered to be on the basis of 'Held to Maturity'. *Market Values on 31/03/2014 are shown for Current Quarter and Year to Date 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: Note: Category of Investment (COI) shall be as per Guidelines 1 To be calculated based on Monthly or lesser frequency 'Weighted Agerage' of Investments 2 Yield netted for Tax 3 FORM-1 shall be prepared in respect of each fund.
FORM NL-37-DOWN GRADING OF INVESTMENT-2 Company Name & Code: AGRICULTURE INSURANCE COMPANY OF INDIA LIMITED, Statement as on: 31ST MARCH 2014 Statement of Down Graded Investments Periodicity of Submission: Quarterly CODE NO.126 Rs. Lakhs No Name of the Security COI Amount Date of Purchase Rating Agency Original Grade Current Grade Date of Downgrade Remarks A. During the Quarter ¹ NIL B. As on Date ² 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: 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. 3 FORM-2 shall be prepared in respect of each fund. 4 Category of Investmet (COI) shall be as per INV/GLN/001/2003-04
FORM NL-38 ANNUAL BUSINESS RETURNS ACROSS LINE OF BUSINESS Registration No. 126 and Date of Registration with the IRDA: 30.10.2003 ANNUAL BUSINESS RETURNS ACROSS LINE OF BUSINESS FOR THE YEAR 2013-2014 Line of Business (Rs. in Lakh) Current Year Previous Year 01.04.2013-31.03.2014 01.04.2012-31.03.2013 Premium No. of Policies Premium No. of Policies 1 Fire 0 0 0 0 2 Cargo & Hull 0 0 0 0 3 Motor TP 0 0 0 0 4 Motor OD 0 0 0 0 5 Engineering 0 0 0 0 6 Workmen's Compensation 0 0 0 0 7 Employer's Liability 0 0 0 0 8 Aviation 0 0 0 0 9 Personal Accident 0 0 0 0 10 Health 0 0 0 0 11 Others* Crop Insurance 339501 1217768 329742 625445
Line of Business Particular 1 Fire 2 Cargo & Hull 3 Motor TP 4 Motor OD 5 Engineering 6 Workmen's Compensation 7 Employer's Liability 8 Aviation 9 Personal Accident 10 Health 11 Others*Crop Insurance FORM NL-39 RURAL AND SOCIAL OBLIGATIONS Registration No. 126 and Date of Registration with the IRDA: 30.10.2003 RURAL AND SOCIAL OBLIGATIONS AS ON 31ST MARCH, 2014 No. of Policies Issued Premium Collected Sum Assured Rural Social Rural Social Rural Social Rural Social Rural Social Rural Social Rural Social Rural Social Rural Social Rural Social Rural 1217768 339501 6512972 Social * any other segment contributing more than 5% needs to be shown separatly Note-Entire AIC premium is Rural and Social (Rs. in lakh)
FORM NL-40 BUSINESS ACQUISITION THROUGH DIFFERENT CHANNELS Channels Business Acquisition through different channels No. of Policies Current Year 01.04.2013-31.03.2014 Previous Year 01.04.2012-31.03.2013 Premium No. of Policies Premium (Rs. in Lakh) (Rs. in Lakh) 1 Individual agents 0 0 0 0 2 Corporate Agents-Banks 0 0 0 0 3 Corporate Agents -Others 0 0 0 0 4 Brokers 6655 651 20741 622 5 Micro Agents 15271 755 4748 240 6 Direct Business-Bank Service Charges to Banks, as per scheme 1195842 338095 599956 328880 Total (A) 1217768 339501 625445 329742 1 Referral (B) 0 0 0 0 Grand Total (A+B) 1217768 339501 625445 329742
FORM NL-41 GRIEVANCE DISPOSAL Registration No. 126 and Date of Registration with the IRDA: 30.10.2003 GRIEVANCE DISPOSAL STATEMENT AS ON 31ST MARCH, 2014 Particulars Opening Balance as on begning of the year Additions during the year Complaints Resolved/setteled during the year Fully Accepted Partial Accepted Rejected Complaints Pending at the end of the year Total Complaints registerd upto the quarter during the financial year 1 Complaints made by customers a) Death claims NIL NIL NIL NIL NIL NIL NIL b) Claim NIL 53 NIL NIL 53 NIL 53 c) Policy Related NIL NIL NIL NIL NIL NIL NIL d) premium NIL NIL NIL NIL NIL NIL NIL e) Refund NIL NIL NIL NIL NIL NIL NIL f) Coverage NIL NIL NIL NIL NIL NIL NIL g) Cover Note related NIL NIL NIL NIL NIL NIL NIL h) Products NIL NIL NIL NIL NIL NIL NIL i) others NIL NIL NIL NIL NIL NIL NIL 2 Total No. of Policies during Previous year 3 Total No. of Claims during Previous year 4 Total No. of Policies during Current year 5 Total No. of Claims during Current year 6 Total No. of Policy Complaints (current year) per 10,000/-policies (current year) Total Number NIL 53 NIL NIL 53 NIL 53 NA NA NA NA NA 7 Total No. of Claims Complaints (Current year ) per 10,000/-claims registered (current year) 8 Duration wise Pending Status Complaints made by the Customer Complaints made by intermediaries Total NA a) up to 7 days NIL NIL NIL b) 7-15 days NIL NIL NIL c) 15-30days NIL NIL NIL d) 30-90 days NIL NIL NIL e) 90 days & beyond NIL NIL NIL Total Number NIL NIL NIL