FORM NL-1-B-RA Registration No. 126 and Date of Registration with the IRDA: 30.10.2003 REVENUE ACCOUNT FOR THE PERIOD ENDED DECEMBER 31, 2018 SN Particulars Schedule Quarter Ended December 31, 2018 Period Ended December 31, 2018 Quarter Ended December 31, 2017 Period Ended December 31, 2017 (Rs. in '000) NL-4- Premium 955713 13917176 1699533 14033771 1 Premium Earned (Net) Schedule 2 Profit/Loss on Sale/Redemption of Investments 608 2649 1923 33936 3 Accretion of Discount on Investment 22881 161871 332190 674101 4 Recovery of Co insurance Administrative Charges 0 0 0 0 5 Interest, Dividend & Rent -Gross 872517 2571491 755660 2285455 TOTAL (A) 1851719 16653187 2789306 17027263 NL-5-Claim 3221864 13419241 1692892 13015216 1 Claims Incurred (Net) Schedule NL-6- Commission 385203 (1741616) (705485) (4847202) 2 Commission Schedule NL-7- Operating Expense 519028 1440972 387816 1195307 3 Operating Expenses related to Insurance Business Schedule 4 Premium Deficiency 0 0 0 0 5 Bank Interest 0 16770 0 2725 6 Expenses related to Investments : a) Amortization of Premium on Investments 14180 38365 11536 29970 b) Stock Holding Charges 723 2137 1314 2137 c) Bank Interest & Charges 7 19 0 0 d) Other expenses related to investment 1 1 5 53 TOTAL (B) 4141006 13175889 1388078 9398205 Operating Profit from Crop Insurance Business C=(A-B) (2289287) 3477298 1401229 7629058 APPROPRIATIONS Transfer to Shareholders' Account (2289287) 3477298 1401229 7629058 Transfer to Catastrophe Reserve Transfer to Other Reserves TOTAL (2289287) 3477298 1401229 7629058
FORM NL-1-B-PL Registration No. 126 and Date of Registration with the IRDA: 30.10.2003 PROFIT AND LOSS ACCOUNT FOR THE PERIOD ENDED DECEMBER 31, 2018 SN Particulars Schedule Quarter Ended December 31,2018 Period Ended December 31,2018 Quarter Ended December 31,2017 Period Ended December 31,2017 1 OPERATING PROFIT/(LOSS) (a) Fire Insurance (b) Marine Insurance (c ) Misc. Insurance-Crop (2289287) 3477298 1401229 7629058 2 INCOME FROM INVESTMENTS 418546 1289346 438639 1085780 (a) Interest, Dividend & Rent Gross (b) Profit on sale of investments 282 1328 2580 16122 Less: Loss on sale of investments 0 0 0 0 c) Accretion of Discount on 9923 81162 175617 320254 3 OTHER INCOME a) Miscellaneous Receipts 1745 159393 1226 78440 b) Income from administration of outgoing Co-insurance Business 0 0 0 0 c) Profit on sale of Fixed Assets (120) 0 (3) 290 d) Prior period income 0 0 0 TOTAL (A) (1858911) 5008526 2019289 9129944 4 PROVISIONS (Other than taxation) (a) For Diminution in the value of investments 0 0 (b) For Doubtful debts 0 0 (c) Others- Provision for Loyalty 0 0 Discount (Rs. in '000) (d) Provision for standard asset 0 0 0 (180665) 5 OTHER EXPENSES (a) Expenses other than those related to Insurance Business i) Amortisation of Premium on Investments 0 0 0 0 6840 19236 6440 14238 ii) Stock Holding Charges 346 1071 667 1015 iii) Bank Charges 3 9 0 0 iv) Other expenses related to investment 0 1 5 25 (b) Bad debts written off 0 0 0 0 (c) Others i) Loss on sale of Fixed Assets 96 96 0 0 ii) Prior Period Expenses 0 (0) 0 iii) Corporate Social Responsibility 2107 71345 69241 83550 iv) Other TOTAL (B) 9392 91757 76353 (81837) Profit Before Tax (C=A-B) (1868303) 4916769 1942936 9211781 Provision for Taxation (713705) 1684392 651126 2975916 Profit After Tax (D) (1154598) 3232377 1291809 6235864 APPROPRIATIONS (a) Interim dividends paid during the year 0 0 0 0 (b) Proposed final dividend 0 300000 0 0 (c) Dividend distribution tax 0 61666 0 0 (d) Corporate social responsibility 0 0 0 0 (e) Transfer to any Reserves or Other 0 0 0 0 Balance of profit/ loss brought forward from Balance carried forward to Balance Sheet (1154598) 2870711 1291809 6235864
FORM NL-3-B-BS BALANCE SHEET AS AT DECEMBER 31,2018 Particulars SOURCES OF FUNDS SHARE CAPITAL Schedule NL-8-Share Capital Schedule As at December 31,2018 As at December 31,2017 (Rs. in '000) 2000000 2000000 SHARE APPLICATION MONEY PENDING ALLOTMENT RESERVES AND SURPLUS FAIR VALUE CHANGE ACCOUNT NL-10-Reserves and Surplus Schedule 36500012 33908477 43563 294750 DEFERRED TAX LIABILITY 56958 156482 BORROWINGS NL-11-Borrowings 0 0 Schedule TOTAL 38600533 36359709 APPLICATION OF FUNDS INVESTMENTS NL-12-Investment 75282839 86190491 Schedule LOANS NL-13-Loans 111036 88812 Schedule FIXED ASSETS NL-14-Fixed Assets 2866806 1530575 Schedule DEFERRED TAX ASSET 0 CURRENT ASSETS CASH AND BANK BALANCES NL-15-Cash and 41299017 12390714 bank Balance Schedule ADVANCES AND OTHER NL-16-Advances and 28340148 27718750 ASSESTS Other Assets Schedule Sub-Total (A) 69639165 40109464 CURRENT LIABILITIES NL-17-Current Liabilities Schedule 100574815 82073987 PROVISIONS NL-18-Provisions 8724497 9485647 Schedule DEFERRED TAX LIABILITY Sub-Total (B) 109299312 91559634 NET CURRENT ASSETS (C) = (39660147) (51450170) (A - B) MISCELLANEOUS NL-19-0 0 EXPENDITURE (to the extent not written off or adjusted) Miscellaneous Expenditure Schedule DEBIT BALANCE IN PROFIT AND LOSS ACCOUNT 0 0 TOTAL 38600533 36359709
FORM NL- 4 - PREMIUM SCHEDULE PREMIUM EARNED (NET) Particulars Premium from Direct Business written(net of Service Tax) Add: Premium on reinsurance accepted Less : Premium on reinsurance ceded Quarter Ended December 31,2018 Period Ended December 31,2018 Quarter Ended December 31,2017 Period Ended December 31,2017 (Rs in '000) (9941) 59363608 8398446 63630541 10809 52860 13964 100953 (8189) 46005970 6510042 49307641 Net Premium 9057 13410498 1902368 14423853 Adjustment for change in reserve for unexpired risks 946656 506678 (202835) (390082) Premium Earned (Net) 955713 13917176 1699533 14033771
FORM NL-5 - CLAIMS SCHEDULE CLAIMS INCURRED [NET] Particulars Quarter Ended December 31,2018 Period Ended December 31,2018 Quarter Ended December 31,2017 Period Ended December 31,2017 (Rs in '000) Claims Paid - Direct 8949905 78272834 8755315 42777294 Add: Reinsurance Accepted 12021 15485 29972 37129 Less:Reinsurance Ceded 6474784 57262013 6061165 29094766 Net Claims paid 2487142 21026306 2724122 13719658 Add: Claims Outstanding at the end of the current year 3807258 113490374 (1823622) 116904534 Add: Reinsurance Accepted 560 43887 (24131) 60881 Less: Reinsurance Ceded 3073096 83768847 (816524) 83950438 Net Claims Outstanding at the end of Current year 734722 29765414 (1031230) 33014978 Less :Claims Outstanding at the beginning 0 145883794 0 108486297 Add: Reinsurance Accepted 0 0 0 16393 Less: Reinsurance Ceded 0 108511315 0 74783270 Net Claims Outstanding at the beginning 0 37372479 0 33719419 Gross Incurred Claims 12757163 45879414 6931692 51195532 Add: Re-insurance accepted to direct claims 12581 59372 5841 81617 Less: Re-insurance Ceded to claims paid 9547880 32519545 5244641 38261933 Total Claims Incurred 3221864 13419241 1692891 13015216
FORM NL-6 COMMISSION SCHEDULE COMMISSION Particulars Quarter Ended December 31,2018 Period Ended December 31,2018 Quarter Ended December 31,2017 Period Ended December 31,2017 (Rs in '000) Direct 34967 65729-57365 62080 Add: Re-insurance Accepted 2650 13454 3424 24714 Less: Commission on Re-insurance Ceded (347586) 1820799 651544 4933996 Net Commission 385203 (1741616) (705486) (4847202) Break-up of the expenses (Gross) incurred to procure business to be furnished as per details indicated below: Agents 0 0 0 0 Brokers 26681 31470 (59751) 44789 Corporate Agency 0 0 726 11102 Others: (i) Micro Insurance Agents/NGO's etc (1312) 9751 1659 6189 (ii) Reimbursement to GIPSA Companies (Coinsurance-Tie Up) 0 0 0 0 (iii) Insurance Commission to others 9598 24508 0 0 TOTAL (B) 34967 65729 (57365) 62080
FORM NL-7 OPERATING EXPENSES SCHEDULE OPERATING EXPENSES RELATED TO INSURANCE BUSINESS SN Particulars Quarter Ended December 31,2018 Period Ended December 31,2018 Quarter Ended December 31,2017 Period Ended December 31,2017 (Rs in '000) 1 Employees' Remuneration & Welfare benefits 110094 372109 95167 268028 2 Travel, conveyance and vehicle running expenses 12292 33379 9858 26683 3 Training expenses 396 545 183 1063 4 Rents, rates & taxes 25652 77281 26480 79902 5 Repairs 4781 11417 2814 8022 6 Printing & Stationery 2805 6470 1625 5749 7 Communication 1992 5828 2079 5948 8 Legal & Professional Charges 5220 15758 10983 15639 9 Auditor's Fees, Expenses etc (a) as auditor 492 2443 34 2846 (b) as adviser or in any other capacity, in 0 0 (i) Taxation matters 0 0 0 0 (ii) Insurance matters 0 0 0 0 (iii) Management services; and 0 0 0 0 (c) in any other capacity 0 0 0 0 10 Advertisement and Publicity 13044 27794 7584 20071 11 Research & Development Expenses 0 608 2275 2303 12 Fee & Subscription to Statutory Authorities 11079 43183 5759 18150 13 Interest & Bank Charges 18 536 19 40630 14 Depreciation 38088 113915 27870 81642 15 Information Technology 213168 261332 29634 79440 16 Service charges to Banks/FI's 48730 383886 134683 453649 17 Other 31177 84488 30768 85543 Total 519028 1440972 387813 1195307
FORM NL-8 - SHARE CAPITAL SCHEDULE SHARE CAPITAL SN Particulars As at December 31,2018 As at December 31,2017 (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 originally paid up) 0 0 Less : Par Value of Equity Shares bought back 0 0 Less : Preliminary Expenses 0 0 Expenses including commission or brokerage on 0 0 Underwriting or subscription of shares 0 0 TOTAL 2000000 2000000
FORM NL-9 PATTERN OF SHAREHOLDING SCHEDULE PATTERN OF SHAREHOLDING [As certified by the Management] Shareholder Promoters Indian General Insurance Corporation of India As at December 31,2018 Number of Shares ('000) % of Holding As at December 31,2017 Number of Shares ('000) % of Holding 70000 35% 70000 35% National Agriculture Bank for Rural Development 60000 30% 60000 30% National Insurance Company Ltd.& its nominee 17500 8.75% 17500 8.75% The New India Assurance Company Ltd. & its nominee 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% Foreign NIL NIL NIL NIL Others TOTAL 200000 100.00% 200000.00 100.00%
FORM NL-10 - RESERVES AND SURPLUS SCHEDULE RESERVES AND SURPLUS SN Particulars As at December 31,2018 As at December 31,2017 (Rs in '000) 1 Capital Reserve 0 0 2 Capital Redemption Reserve 0 0 3 Share Premium 0 0 4 General Reserve Opening Balance 33629301 27672613 Less: Charge on account of transitional provisions under Accounting Standard 15 0 Add: Profit transferred during the year 0 33629301 0 27672613 5 Catastrophe Reserve 0 0 6 Other Reserves 0 0 Balance of Profit in Profit & Loss Account 2870711 6235864 TOTAL 36500012 33908477
FORM NL-11 - BORROWINGS SCHEDULE BORROWINGS SN Particulars As at December 31,2018 As at December 31,2017 (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 - INVESTMENT SCHEDULE-SHAREHOLDERS Registration No. 126 and Date of Registration with the IRDA: 30.10.2003 INVESTMENTS SN Particulars As at December 31,2018 As at December 31,2017 LONG TERM INVESTMENTS 1 Government securities and Government guaranteed bonds including Treasury Bills (Rs. 000) 13502488 11340636 2 Other Approved Securities 8884584 9158370 3 Other Investments ( a) Shares 0 (aa) Equity 2616755 2840751 (bb) Preference 0 0 ( b) Mutual Funds 0 0 (c) Derivative Instruments 0 0 (d) Debentures/ Bonds 9535112 10520092 (e) Other Securities-Tier II Bonds 0 760000 (f) Subsidiaries 0 0 (g) Investment Properties-Real Estate 0 0 4 Investments in Infrastructure and Social Sector 6360099 8084914 5 Other than Approved Investments 100000 18009 Sub-total (A) 40999038 42722773 SHORT TERM INVESTMENTS 1 Government securities and Government guaranteed bonds including Treasury Bills 4955155 11588860 2 Other Approved Securities 450145 60466 3 Other Investments 0 (a) Shares 0 (aa) Equity 0 0 (bb) Preference 0 0 (b) Mutual Funds 10443232 12552414 (c) Derivative Instruments 0 (d) Debentures/ Bonds 3646746 2339723 (e) Other Securities (Commercial Papers) 12674800 16511430 (f) Subsidiaries 0 0 (g) Investment Properties-Real Estate 0 0 4 Investments in Infrastructure and Social Sector 2063722 414825 5 Other than Approved Investments 50000 0 Sub-total (B) 34283800 43467718 TOTAL 75282838 86190491
FORM NL-13 LOANS SCHEDULE LOANS SN Particulars As at December 31,2018 As at December 31,2017 (Rs. in '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 111036 88812 Unsecured 0 0 TOTAL 111036 88812 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) 111036 88812 TOTAL 111036 88812 3 PERFORMANCE-WISE CLASSIFICATION (a) Loans classified as standard (aa) In India 111036 88812 (bb) Outside India 0 0 (b) Non-performing loans less provisions (aa) In India 0 0 (bb) Outside India 0 0 TOTAL 111036 88812 4 MATURITY-WISE CLASSIFICATION (a) Short Term 0 0 (b) Long Term 111036 88812 TOTAL 111036 88812
FORM NL-14 - FIXED ASSETS SCHEDULE Particulars Opening as at April, 1,2018 FIXED ASSETS Cost/Gross Block Additions Deductions Closing as at December 31,2018 Opening as at April, 1,2018 For the Period Depreciation On sale Transferred to /adjustment Retained Earning Upto December 31,2018 As at December 31,2018 Net Block As at December 31,2017 Goodwill 0 0 0 0 0 0 0 0 0 0 0 Intangibles (Computer Software) 485764 7390 0 493154 412279 56235 0 468514 24640 76291 Land-Freehold 0 0 0 0 0 0 0 0 0 0 0 Leasehold Property 0 0 0 0 0 0 0 0 0 0 0 Buildings 393253 1104112 0 1497365 94608 38038 0 0 132646 1364719 281452 Furniture & Fittings 22640 3179 3722 22097 13470 2182 3371 0 12280 9817 9469 Information Technology Equipment 181293 4252 3327 182219 155537 10910 2957 0 163489 18730 22856 Vehicles 36431 7623 5347 38708 21823 5052 4422 0 22453 16255 16150 Office Equipment 11977 835 2415 10397 9778 734 2182 0 8331 2066 2340 Electrical Equipment & Fittings 10250 1649 2431 9468 7670 765 2139 0 6296 3173 2795 Work In Progress 1877706 640980 1091279 1427407 0 0 0 0 0 1427407 1119222 GRAND TOTAL 3019314 1770020 1108521 3680814 715165 113915 15072 0 814008 2866806 1530575 PERIOD ENDED 31.12.2017 1644988 564461 2191 2207258 596710 81502 1529 0 676683 1530575 -
FORM NL-15 - CASH AND BANK BALANCES SCHEDULE CASH AND BANK BALANCES SN Particulars As at December 31,2018 As at December 31,2017 (Rs. 000) 1 Cash (including cheques, drafts and stamps) 64 75 2 Bank Balances (a) Deposit Accounts (aa) Short term (due within 12 months) 38559961 10322503 (i) Govt. A/c with IDBI Bank 0 (ii) Others 0 0 (b) (i) Current Accounts 2738992 2068134 (ii) Others 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 41299017 12390714
FORM NL-16 - ADVANCES AND OTHER ASSETS SCHEDULE ADVANCES AND OTHER ASSETS SN Particulars As at December 31,2018 As at December 31,2017 (Rs. 000) ADVANCES 1 Reserve deposits with ceding companies 0 0 2 Application money for investments 0 0 3 Prepayments 33857 46648 4 Advances to Directors/Officers 4369 4023 5 Advance tax paid and taxes deducted at source (Net of provision for taxation) 1072910 1208596 6 Others: (a) Advance Rent paid 0 612 (b) Sundry Advances 46365 45961 Less: Provision for premium defalcation (17833) (17833) TOTAL (A) 1139669 1288008 OTHER ASSETS 1(a) Income accrued on investments Accrued but not due 2067990 1530826 Accrued and due 0 3064 1(b) Income accrued on Flexi deposit 115295 2 Outstanding Premiums 0 0 3 Agents Balances 0 0 4 Due from other entities carrying on insurance business(including reinsurers) 2095325 6433902 5 Due from subsidiaries/ holding 0 0 6 Others: a) Sundry Deposits 97987 88951 b) Advance against Capital Assets 19192 859612 c) Short Collection 104587 68008 d) Others (Adhoc payment to Govt. of India) 2000000 2000000 e) Government Balances (Centre/States/Uts/Coffee Board) 19796654 15309840 f) Sundry Debtors 63930 0 g) Input Tax Credit-GST 21417 21242 Less: Provision for Doubtful Debts -21242 0 8 Deposit pertaining to Unclaimed Amount of policyholders (a) Investment in Fixed Deposit with Banks 950000 0 (b) Interest Accrued but not due 4638 0 TOTAL (B) 27200479 26430742 GRAND TOTAL (A+B) 28340148 27718750
FORM NL-17 - CURRENT LIABILITIES SCHEDULE CURRENT LIABILITIES SN Particulars As at December 31,2018 As at December 31,2017 (Rs. 000) 1 Agents Balances 0 0 2 Balances due to other insurance companies 39876005 38417757 3 Deposits held on re-insurance ceded 0 0 4 Premiums received in advance 0 0 5 Unallocated Premium 0 0 6 Sundry Creditors 4090045 3430911 7 Due to subsidiaries/ holding company 0 0 8 Claims Outstanding 29463525 32954091 9 Due to Officers/ Directors 0 0 10 Others: a) Excess Collection of Premium 838926 379209 b) Expenses Payable 202610 235125 c) Earnest Money Deposit 4480 4082 d) Government (Centre/States/UTs/Coffee 25335823 5608632 11 Unclaimed Amount of policyholders 763400 1044181 TOTAL 100574815 82073987
FORM NL-18 - PROVISIONS SCHEDULE PROVISIONS SN Particulars As at December 31,2018 As at December 31,2017 (Rs. 000) 1 Reserve for Unexpired Risk 8398969 9279667 2 For taxation (less advance tax and TDS) 0 0 3 For Proposed Dividends 0 0 4 For Dividend Distribution Tax 0 0 5 Others: (i) Provision for Retirement Benefits 239562 190000 (ii) Provision for Doubtful Debts 47 47 (iii) Provision on Standard Assets 0 0 (iv) Provision for Loyalty Discount 8 8 (v) Provision for Outstanding Expenses 85911 10202 (vi) Provision for Purchase 0 5722 (vii) Reserve for Premium Deficiency 0 0 TOTAL 8724497 9485647
FORM NL-19 - MISCELLANEOUS EXPENDITURE SCHEDULE MISCELLANEOUS EXPENDITURE (To the extent not written off or adjusted) SN Particulars As at December 31,2018 As at December 31,2017 (Rs. 000) 1 Discount Allowed in issue of shares/ debentures 2 Others : (i) Research & Development Expenses 0 0 0 0 (ii) Preliminary Expenses 0 0
FORM NL-21 - STATEMENT OF LIABILITIES STATEMENT OF LIABILITIES As at December 31, 2018 As at December 31, 2017 (Rs. in Lakh) SN 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 4 Others a Health Insurance b Crop Insurance 83990 57594 240060 381644 92797 79192 250958 422946 5 Total Liabilities 83990 57594 240060 381644 92797 79192 250958 422946
FORM NL-22 GEOGRAPHICAL DISTRIBUTION OF BUSINESS GROSS UNDERWRITTEN PREMIUM FOR AND UPTO THE QUARTER ENDED December 31,2018 (Rs. in Lakh) STATES Crop Insurance Grand Total For the Quarter Upto the Quarter For the Quarter Upto the Quarter Andhra Pradesh 2654 61399 2654 61399 Arunachal Pradesh 0 0 0 0 Assam 13 (56) 13 (56) Bihar 0 (146) 0 (146) Chhattisgarh (57) 11134 (57) 11134 Goa 0 0 0 0 Gujarat 350 64874 350 64874 Haryana 0 0 0 0 Himachal Pradesh 3128 3148 3128 3148 Jammu & Kashmir 0 0 0 0 Jharkhand 1658 9677 1658 9677 Karnataka 709 38057 709 38057 Kerala 30 1293 30 1293 Madhya Pradesh (48238) 217735 (48238) 217735 Maharasthra 32446 96516 32446 96516 Manipur 0 0 0 0 Meghalaya (0) 10 0 10 Mizoram 0 0 0 0 Nagaland 0 0 0 0 Orissa 0 (40) 0 (40) Punjab 0 0 0 0 Rajasthan 102 54179 102 54179 Sikkim 0 0 0 0 Tamil Nadu 3967 11501 3967 11501 Telangana 3492 15678 3492 15678 Tripura 0 1 0 1 Uttar Pradesh (773) (244) (773) (244) Uttrakhand 556 4644 556 4644 West Bengal (137) 4276 (137) 4276 Andaman & Nicobar Is. 0 0 0 0 Chandigarh 0 0 0 0 Dadra & Nagra Haveli 0 0 0 0 Daman & Diu 0 0 0 0 Delhi 0 0 0 0 Lakshadweep 0 0 0 0 Puducherry 0 0 0 0 Total (100) 593636 (100) 593636
S.No. Reinsurance Placements PERIODIC DISCLOSURES FORM NL-23 Agriculture Insurance Company of India Ltd. for the Quarter ending December 31, 2018 Reinsurance Risk Concentration No. of reinsurers Premium ceded to reinsurers Proportional Non-Proportional Facultative (Rs in Lakhs) 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 0.00% 2 No. of Reinsurers with rating AA but less than AAA 7 89321.54 4101.91 0.00 20.31% 3 No. of Reinsurers with rating A but less than AA 40 355647.48 10738.56 0.00 79.64% 4 No. of Reinsurers with rating BBB but less than A 0 0.00 0.00 0.00 0.00% 5 No. of Reinsurers with rating less than BBB 3 250.21 0.00 0.00 0.05% Total 50 445219.23 14840.47 0.00 100.00%
FORM NL-24 Ageing of Claims Agriculture Insurance Company of India Ltd. for the Quarter ending December 31, 2018 Ageing of Claims (Rs in Lakhs) Sl.No. Line of Business No. of claims paid Total No. of claims paid Total amount of claims paid 1 month 1-3 months 3-6 months 6 months - 1 year > 1 year 1 Fire 2 Marine Cargo 3 Marine Hull 4 Engineering 5 Motor OD 6 Motor TP 7 Health 8 Overseas Travel 9 Personal Accident 10 Liability 11 Crop 98078 196161 106520 125971 272815 799545 782728.34 12 Miscellaneous
Agriculture Insurance Company of India Ltd. for the Quarter ending December 31, 2018 FORM NL-25 : Quarterly claims data for Non-Life Sl. No. Claims Experience Crop 1 Claims O/S at the beginning of the period 4212070 2 Claims reported during the period 315086 3 Claims Settled during the period 799545 4 Claims Repudiated during the period 1661 5 Claims closed during the period 1156 6 Claims O/S at End of the period 3724794 Less than 3months 1038340 3 months to 6 months 390649 6months to 1 year 700098 1year and above 1595707
FORM NL-26- CLAIMS INFORMATION -KG TABLE I PREMIUM CLAIMS (Rs. in Lakh) SN Description Gross Premium Net Premium Gross incurred Claims Net incurred Claims 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 746484 167979 778140 196685 74648 116721 116721 9 Health Total 746484 167979 778140 196685 74648 116721 116721
Sl. No. FORM NL-27 Agriculture Insurance Company of India Ltd Office Information as on December 31, 2018 Office Information Number 1 No. of offices at the beginning of the year 20 2 No. of branches approved during the year 0 3 Out of approvals of previous year 0 No. of branches opened during the year 4 Out of approvals of this year 0 5 No. of branches closed during the year 0 6 No of branches at the end of the year 20 7 No. of branches approved but not opened 0 8 No. of rural branches 0 9 No. of urban branches 20 The above figure includes 1 Head Office at Delhi, 18 Regional Offices at various locations and 1 One Man Office at Shimla.
FORM NL-28-STATEMENT OF ASSETS - 3B AGRICULTURE INSUARNCE COMPANY OF INDIA LIMITED Statement as on: December 31, 2018 Statement of Investment Assets (General Insurer, Re-insurers) (Business within India) Periodicity of Submission: Quarterly (Rs. in Lakh) No PARTICULARS SCH AMOUNT 1 Investments 8 752828.39 2 Loans 9 1110.36 3 Fixed Assets 10 28668.06 4 Current Assets a. Cash & Bank Balance 11 412990.17 b. Advances & Other Assets 12 283401.48 5 Current Liabilities a. Current Liabilities 13 1005748.15 b. Provisions 14 87244.97 c. Misc. Exp not Written Off 15 0.00 d. Debit Balance of P&L A/c Application of Funds as per Balance Sheet (A) 2571991.58 Less: Other Assets SCH AMOUNT 1 Loans (if any) 9 1110.36 2 Fixed Assets (if any) 10 28668.06 3 Cash & Bank Balance (if any) 11 412990.17 4 Advances & Other Assets (if any) 12 283401.48 5 Current Liabilities 13 1005748.15 6 Provisions 14 87244.97 7 Misc. Exp not Written Off 15 0.00 8 Debit Balance of P&L A/c TOTAL (B) 1819163.19 'Investment Assets' As per FORM 3B (A-B) 752828.39 No 'Investment' represented as Reg. % SH PH Book Value (SH + PH) % Actual FVC Amount Total Balance FRSM + *Market Value (h) (a) (b) (c) d = (b+c) (e) (f) g= (d + f) 1 G. Sec. Not less than 20% 0 61640.26 122936.17 184576.43 24.53% 0.00 184576.43 188079.61 2 G. Sec or Other Apporved Sec. (incl. (1) above) Not less than 30% 0 92814.08 185109.64 277923.72 36.94% 0.00 277923.72 283824.78 3 Investment subject to Exposure Norms a. 'Housing & Loans to SG for Housing and FFE, Infrastructure Investments 1. Approved Investments Not less than 15% 0 46889.96 93517.97 140407.93 18.66% 0.00 140407.93 139824.75 2. Other Investments 0 1502.80 2997.20 4500.00 0.60% 0.00 4500.00 4570.80 b. Approved Investments Not exceeding 55% 0 109557.72 218503.38 328061.10 43.60% 435.64 328496.74 328856.74 c. Other Investments (not exceeding 25%) Not exceeding 25% 0 500.93 999.07 1500.00 0.20% 0.00 1500.00 1505.63 Total Investment Assets 100.00% 0 251265.49 501127.26 752392.75 100.00% 435.64 752828.39 758582.71 *All securities are considered to be on the basis of 'Held to Maturity'.
MARKET VALUE PERIODIC DISCLOSURES FORM NL-29 Agriculture Insurance Company of India Ltd Registration No. 126 and Date of Registration with the IRDA: 30.10.2003 Detail Regarding debt securities BOOK VALUE (Rs in Lakhs) As at December 31, 2018 as % of total for this class As at December 31, 2017 as % of total for this class As at December 31, 2018 As % of total for this class As at December 31, 2017 As % of total for this class Break down by credit rating AAA rated 428254.41 68.20% 469285.91 63.55% 423038.62 67.99% 461417.91 65.94% AA or better 66904.00 10.65% 100369.08 13.59% 66441.89 10.68% 69591.47 9.94% Rated below AA but above A 998.19 0.16% 0.00 0.00% 1000.00 0.16% 0.00 0.00% Rated below A but above B 0.00 0.00% 0.00 0.00% 0.00 0.00% 0.00 0.00% Any other 131826.24 20.99% 168767.00 22.86% 131748.00 21.17% 168767.00 24.12% BREAKDOWN BY RESIDUALMATURITY Up to 1 year 260629.09 41.50% 305408.95 41.36% 260347.12 41.84% 305205.75 43.61% more than 1 yearand upto 3 years 186427.31 29.69% 178361.64 24.15% 183993.94 29.57% 146180.11 20.89% More than 3years and up to 7 years 172382.44 27.45% 173135.39 23.45% 169494.45 27.24% 168956.32 24.14% More than 7 years and up to 10 years 8544.00 1.36% 72169.61 9.77% 8393.01 1.35% 70007.10 10.00% above 10 years 0.00 0.00% 9346.40 1.27% 0.00 0.00% 9427.10 1.35% Breakdown by type of the issurer a. Central Government 188079.61 29.95% 232866.51 31.54% 184576.43 29.66% 229294.97 32.77% b. State Government 95745.17 15.25% 95205.19 12.89% 93347.29 15.00% 92188.37 13.17% c.corporate Securities 344158.06 54.80% 410350.29 55.57% 344304.80 55.33% 378293.04 54.06% 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. 3. Corporate securities includes Investments in Coporate Bonds/Debts along with Fixed Deposit
FORM NL-30 ANALYTICAL RATIOS Registration No. 126 and Date of Registration with the IRDA: 30.10.2003 ANALYTICAL RATIOS FOR NON-LIFE COMPANIES SN Particulars Quarter Ended December 31,2018 Period Ended December 31,2018 Quarter Ended December 31,2017 Period Ended December 31,2017 1 Gross Direct Premium Growth Rate -100.12% -6.71% 50.91% 24.44% 2 Gross Direct Premium to Net Worth Ratio (In Times)* 0.00 1.63 0.25 1.88 3 Growth Rate of Net Worth* 7.64% 7.64% 13.32% 13.32% 4 Net Retention Ratio 1043.43% 22.57% 22.61% 22.63% 5 Net Commission Ratio 4253.10% -12.99% -37.08% -33.61% 6 Expenses of Management to Gross Direct Premium Ratio -5572.83% 2.54% 3.93% 1.98% 7 Expense of Management to Net Written Premium Ratio 6116.76% 11.24% 17.37% 8.72% 8 Net Incurred Claims to Net Earned Premium 337.12% 96.42% 99.61% 92.74% 9 Combined Ratio 10320.90% 94.18% 82.91% 67.42% 10 Technical Reserves to Net Premium Ratio (in Times) 4214.00 2.85 22.25 2.94 11 Underwriting Balance Ratio (in Times) -3.32 0.06 0.19 0.33 12 Operating Profit Ratio -237.98% 25.40% 83.20% 54.61% 13 Liquid Assets to Liabilities Ratio (in Times) 1.98 1.98 1.32 1.32 14 Net Earnings Ratio -12748.12% 24.10% 67.91% 43.23% 15 Return on Net Worth* -3.16% 8.86% 3.81% 18.39% 16 Available Solvency Margin Ratio to Required Solvency Margin Ratio* 2.37 2.37 2.39 2.39 17 NPA Ratio 0.00 0.00 0.00 0.00 Equity Holding Pattern for Non-Life Insurers 1 (a) No. of shares 200000000.00 200000000.00 2 (b) Percentage of shareholding (Indian / Foreign) 100.00% 100.00% 3 ( c) %of Government holding (in case of public sector insurance 100% held by Govt. 100% held by Govt. companies) Corporation/Companies/Bank Corporation/Companies/Bank 4 (a) Basic and diluted EPS before extraordinary items (net of tax expense) for the period (not to be annualized) 16.16 31.18 (b) Basic and diluted EPS after extraordinary items (net of tax expense) for 5 the period (not to be annualized) 16.16 31.18 6 (iv) Book value per share (Rs) Rs. 10/- Per Share Rs. 10/- Per Share
PERIODIC DISCLOSURES FORM NL-31: Related Party Transactions Registration No. 126 and Date of Registration with the IRDA: 30.10.2003 Related Party Transactions (Rs in Lakhs) Consideration paid / received Sl.No. Name of the Related Party Nature of Relationship with the Company Description of Transactions / Categories Quarter Ended December 31, 2018 Period Ended December 31, 2018 Quarter Ended December 31, 2017 Period Ended December 31, 2017 1 General Insurance Corpn of India 5126.15 225582.88 120528.13 270159.24 2 General Insurance Corpn of India 108.10 528.60 139.64 1009.53 3 New India Assurance Company Shareholder Reinsurance 0.00 902.49 0 0 4 National Insurance Company 0.00 0.00 0 0 5 Oriental Insurance Company 6941.90 6941.90 0 0 6 United India Insurance Company 0.00 0.00 0 0 *including the premium flow through Associates/ Group companies as an agent Note: At Sl No. 2 figures shown pertain to RI Premium received from GIC Re in respect of Inward Reinsurance Accepted Note:At Sl No. 1,3,4,5 & 6 pertain to RI Premium paid to GIC & GIPSA Cos in respect of Outward Reinsurance Ceded
List below the products and/or add-ons introduced during the period PERIODIC DISCLOSURES FORM NL-32 Products Information Agriculture Insurance Company of India Registration No. 126 and Date of Registration with the IRDA: 30.10.2003 Products Information 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
SN Description Notes No. Amount (1) (2) (3) (4) 1 Available Assets in Policyholders Funds (adjusted value 1 888019 of Assets as mentioned in Form IRDA-Assets-AA): Deduct: FORM NL-33 SOLVENCY MARGIN SOLVENCY FOR THE PERIOD ENDING December 31,2018 AVAILABLE SOLVENCY MARGIN AND SOLVENCY RATIO (Rs. in lakh) 2 Liabilities (reserves as mentioned in Form HG) 2 381644 3 Other Liabilities (other liabilities in respect of 3 711349 Policyholders Fund as mentioned in Balance Sheet) 4 Excess in Policyholders Funds (1-2-3) 4 (204974) 5 Available Assets in Shareholders Funds (value of 5 481862 Assets as mentioned in Form IRDA-Assets-AA): Deduct: 6 Other Liabilities (other liabilities in respect of 6 0 Shareholders Fund as mentioned in Balance Sheet) 7 Excess in Shareholders Funds (5-6) 7 481862 8 Total Available Solvency Margin [ASM] (4+7) 276888 9 Total Required Solvency Margin [RSM] 116721 10 Solvency Ratio (Total ASM/Total RSM) 2.37
SN Name of Person Schedule Details of change in the period Board of Directors FORM NL-34 For the Quarter ending 31.12.2018 of FY 2018-19 Board of Directors and Key Person information 1 Ms. T. L. Alamelu Chairman-cum-Managing Director No Change during the reported period 2 Mr. K. N. Bhandari Director No Change during the reported period 3 Dr. A. K. Bhutani Director No Change during the reported period 4 Dr. N. S. Rao Director No Change during the reported period 5 Mr Alice G. Vaidyan Director No Change during the reported period 6 Mr. M. K. Mudgal Director Ceased to hold office w.e.f. 30th June 2018 Mr. G. R. Chintala Additional Director Joined on 14th November 2018 Mr. K. Santhkumar Director Ceased to hold office w.e.f. 27th April 2018 7 Mr. John Pulinthanam Additional Director Ceased to hold office w.e.f.14th November 2018 Ms. Tajinder Mukerjee Additional Director Joined on 14th November 2018 8 Mr. G. Srinivasn Director Ceased to hold office w.e.f. 31th July 2018 Mr. Atul Sahai Additional Director Joined on 13th December 2018 9 Mr. A. V. GirijaKumar Director No Change during the reported period 10 Mr. M. N. Sarma Director Ceased to hold office w.e.f. 31st May 2018 Mr. Girija Radhakrishnan Additional Director Joined on 14th November 2018
FORM NL-35-NON PERFORMING ASSETS-7A AGRICULTURE INSURANCE COMPANY OF INDIA LIMITED Statement as on: December 31, 2018 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 Amount Board Approval Ref Classification Provision (%) Provision (Rs) NIL
FORM NL-36-YIELD ON INVESTMENTS AGRICULTURE INSUANCE COMPANY OF INDIA LIMITED Statement as on December 31, 2018 Statement of Investment and Income on Investment Periodicity of Submission: Quarterly Rs. Lakhs No. Category of Investment Category Code Current Quarter Year to Date Previous Year Investment (Rs.) Gross Net Investment (Rs.) Net Gross Yield Investment (Rs.) Income Yield Yield Income Yield (%)¹ (%)¹ (%)² (%)² Book Value Market Value* Book Value Market Value** Book Value Market Value A1 CENTRAL GOVERNMENT BONDS CGSB 1,48,541.58 1,48,208.64 2,901.53 1.95 1.28 1,27,522.71 1,28,351.62 7,533.05 5.91 3.86 1,20,658.71 1,26,724.01 7,205.63 5.97 3.91 A5 TREASURY BILLS CTRB 2,256.07 2,249.39 24.78 1.10 0.72 40,665.00 40,423.89 1,672.96 4.11 2.69 1,24,411.64 1,23,813.67 5,657.60 4.55 2.97 B1 STATE GOVERNMENT BONDS SGGB 93,378.25 93,049.21 1,921.11 2.06 1.35 93,375.06 93,875.58 5,761.56 6.17 4.04 84,015.24 89,125.72 5,256.14 6.26 4.09 C7 BONDS / DEBENTURES ISSUED BY AUTHORITY CONSTITUTED UNDER ANY HOUSING / BUILDING SCHEME APPROVED BY CENTRAL / STATE / ANY HTDA 52,353.83 51,901.99 1,081.78 2.07 1.35 51,478.44 51,441.19 3,155.08 6.13 4.01 45,488.39 46,496.63 2,941.53 6.47 4.23 AUTHORITY OR BODY CONSTITUTED BY CENTRAL / STATE ACT C8 BONDS / DEBENTURES ISSUED BY HUDCO HFHD 4,262.00 4,063.14 80.45 1.89 1.89 4,262.00 4,113.30 240.47 5.64 5.64 4,262.00 4,258.40 240.47 5.64 5.64 D08 INFRASTRUCTURE - PSU - DEBENTURES / BONDS IPTD 16,977.53 17,005.70 377.60 2.22 1.45 15,711.00 15,800.55 1,039.17 6.61 4.33 17,189.72 17,664.17 1,116.88 6.50 4.25 D10 INFRASTRUCTURE - OTHER CORPORATE SECURITIES - DEBENTURES/ BONDS ICTD 51,705.17 50,537.98 1,071.79 2.07 1.36 55,476.93 54,968.08 4,219.65 7.61 4.97 50,134.18 51,286.63 3,191.98 6.37 4.16 D13 INFRASTRUCTURE - PSU - DEBENTURES / BONDS IPFD 12,002.23 11,480.35 226.80 1.89 1.89 12,002.31 11,635.58 677.92 5.65 5.65 12,002.62 12,072.75 677.92 5.65 5.65 INFRASTRUCTURE - DEBENTURES / BONDS / CPS / IODS 5,000.03 5,008.27 102.34 2.05 1.34 4,203.59 4,210.76 121.68 2.89 1.89 0.00 0.00 0.00 0.00 0.00 E1 PSU - EQUITY SHARES - QUOTED EAEQ 13,289.30 10,909.15 39.49 0.30 0.30 13,289.30 12,150.39 135.86 1.02 1.02 7,254.50 8,077.57 373.66 5.15 5.15 E17 DEPOSITS - DEPOSIT WITH SCHEDULED BANKS, FIS (INCL. BANK BALANCE AWAITING INVESTMENT), CCIL, RBI ECDB 1,36,037.73 1,36,037.73 2,446.97 1.80 1.18 1,62,366.63 1,62,366.63 8,529.57 5.25 3.44 1,24,750.66 1,24,750.66 6,382.03 5.12 3.35 E2 CORPORATE SECURITIES - EQUITY SHARES (ORDINARY)- QUOTED EACE 12,376.46 15,868.21 21.39 0.17 0.17 12,376.46 15,558.86 135.27 1.09 1.09 13,514.04 14,899.01 223.64 1.65 1.65 E30 MUTUAL FUNDS - GILT / G SEC / LIQUID SCHEMES EGMF 86,800.15 1,00,360.55 1,089.76 1.26 1.26 79,742.49 85,444.03 2,659.14 3.33 3.33 88,727.48 5,55,931.15 1,042.52 1.17 1.17 E6 CORPORATE SECURITIES - BONDS - (TAXABLE) EPBT 73,871.13 73,733.86 1,529.45 2.07 1.35 73,914.40 74,411.15 4,581.71 6.20 4.05 62,907.92 74,266.74 4,053.71 6.44 4.21 PASSIVELY MANAGED EQUITY ETF (NON PROMOTER GROUP) EETF 498.46 412.02 0.00 0.00 0.00 498.46 444.93 0.00 0.00 0.00 497.31 467.40 0.00 0.00 0.00 F01 BONDS - PSU - TAXABLE OBPT 1,500.00 1,494.87 34.15 2.28 1.49 1,594.55 1,599.54 123.70 7.76 5.07 0.00 0.00 0.00 0.00 0.00 F12 EQUITY SHARES (PSUS & UNLISTED) OEPU 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 393.18 156.60-1.16-0.29-0.29 F14 MUTUAL FUNDS - DEBT / INCOME / SERIAL PLANS / LIQUID SECEMES OMGS 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 84,115.15 13,34,875.44 1,744.01 2.07 2.07 TOTAL 6,05,390.78 6,09,580.95 12,334.92 1.82 1.19019 7,06,437.33 7,12,659.07 27,637.39 5.42 3.54 8,40,322.74 25,84,866.57 40,106.56 4.70 3.07 Income Gross Yield (%)¹ Net Yield (%)²
FORM NL-37-DOWN GRADING OF INVESTMENT AGRICULTURE INSURANCE COMPANY OF INDIA LIMITED Statement as on: December 31, 2018 Statement of Down Graded Investments Periodicity of Submission: Quarterly 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 7.65% IL&FS NCB 26-07-2022 IODS 150.00 03-08-2017 ICRA AAA D 17/09/2018 7.90% IL&FS NCB 22-10-2021 IODS 50.00 24-10-2016 ICRA AAA D 17/09/2018 8.00% IL&FS NCB 03-03-2019 IODS 100.00 03-03-2017 ICRA AAA D 17/09/2018 8.70% IL&FS NCB 25-07-2019 IODS 100.00 25-01-2016 CARE AAA D 17/09/2018 9.60% IL&FS FSL NCB 28-08-2019 OBPT 50.00 28-08-2014 CARE AAA D 17/09/2018 9.98% IL&FS NCB 05-12-2018 IODS 50.38 31-03-2012 ICRA AAA D 17/09/2018 9.98% IL&FS NCB 05-12-2021 IODS 50.00 31-03-2012 ICRA AAA D 17/09/2018 B. As on Date ² 8.75% SAIL NCB 23-04-2020 OBPT 100.00 31-03-2012 CARE AAA AA- 31-03-2018
Quarterly Business Returns across line of Business PERIODIC DISCLOSURES Quarterly Business Returns across line of Business Current Quarter Same Quarter previous year upto the period FORM NL-38 same period of the previous year Sl.No. Line of Business Premium No. of Policies Premium No. of Policies Premium No. of Policies Premium No. of Policies 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* -99.92 737315 83985.73 976853 593635.57 6550510 636306.68 10044254 Note: 1. Premium stands for amount of premium 2. The line of business which are not applicable for any company should be filled up with NA. Figure '0' in those fields will imply no business in the segment. *any other segment contributing more than 5% of the total premium needs to be shown separately
FORM NL-39 PERIODIC DISCLOSURES Rural & Social Obligations (Quarterly Returns) Insurer: AIC Date: 31.12.18 Rural & Social Obligations (Quarterly Returns) (Rs in Lakhs) Sl.No. Line of Business Particular No. of Policies Issued Premium Collected Sum Assured 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* *any other segment contributing more than 5% needs to be shown separately Rural Social Rural Social Rural Social Rural Social Rural Social Rural Social Rural Social Rural Social Rural Social Rural Social Rural 737315-99.41 342198.38 Social
PERIODIC DISCLOSURES Business Acquisition through different channels Business Acquisition through different channels Current Quarter Same quarter Previous Year Up to the period FORM NL-40 (Rs in Lakhs) Same period of the previous year No. of Sl.No. Channels Policies Premium No. of Policies Premium No. of Policies Premium No. of Policies Premium 1 Individual agents 0 0.00 0 0.00 0 0.00 0 0.00 2 Corporate Agents-Banks 0 0.00 0 0.00 0 0.00 0 0.00 3 Corporate Agents -Others 0 0.00 0 0.00 0 0.00 0 0.00 4 Brokers 1044 0.00-83954 -613.49 12567-1971.12 741933 4501.74 5 Micro Agents 0 0.00 1580 180.28 5038 183.03 68705 2847.47 6 Direct Business 2397 140.60 695438 28047.99 8458 162.03 798965 28526.15 7 Other 733874-663.28 363789 56370.96 6524447 595261.64 8434651 600431.32 Total (A) 737315-522.68 976853 83985.73 6550510 593635.57 10044254.00 636306.68 1 Referral (B) 0 0.00 0 0.00 0 0.00 0 0.00 Grand Total (A+B) 737315-522.68 976853 83985.73 6550510 593635.57 10044254 636306.68 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 NL-41 Grievance Disposal GRIEVANCE DISPOSAL STATEMENT AS on 31.12.2018 SN Particulars Opening Balance Additions during as on begining of the quarter the quarter Complaints Resolved/setteled during the quarter Fully Accepted Partially Accepted Rejected Complaints Pending at the end of the quarter Total Complaints registered upto the quarter during the financial Year 1 Complaints made by customers a) Proposal Related 0 0 0 0 0 0 0 b) Claim 63 158 18 1 189 13 613 c) Policy Related 0 0 0 0 0 0 0 d) premium 0 0 0 0 0 0 0 e) Refund 0 0 0 0 0 0 0 f) Coverage 0 2 0 0 2 0 6 g) Cover Note related 0 0 0 0 0 0 0 h) Products/Scheme 0 0 0 0 0 0 1 i) others 0 12 0 0 12 0 92 Total Number 63 172 18 1 203 13 712 2 Total No. of Policies during Previous year 3 Total No. of Claims during Previous 4 5 year Total No. of Policies during Current year Total No. of Claims during Current year 6 Total No. of Policy Complaints (current year) per 10,000/-policies (current year) 7 Total No. of Claims Complaints (Current year ) per 10,000/-claims registered (current year) NA NA NA NA NA NA 8 Duration wise Pending Status FY 2018-19 as on 31.12.2018 Complaints made by the Customer Complaints made by intermediaries Total a) < 15 days 1 0 1 b) 16-30days 5 0 5 c) >30 days 7 0 7 Total Number 13 0 13