FORM L-1-A-RA Name of the Insurer: MetLife India Insurance Company Limited (Formerly MetLife India Insurance Company Private Limited) Registration No. and Date of Registration with the IRDA:117, August 6, 2001 REVENUE ACCOUNT FOR THE YEAR ENDED MARCH 31, 2009 Policyholders Account (Technical Account) Particulars Schedule For the year ended March 31, 2009 For the year ended March 31, 2008 (Rs. 000). (Rs. 000). Premiums earned net (a) Premium L-4 19,966,448 11,595,365 (b) Reinsurance ceded (183,701) (110,450) (c) Reinsurance accepted- - - Income from Investments (a) Interest, Dividends & Rent Gross 754,731 361,328 (b) Profit on sale/redemption of investments - 232,037 (c) (Loss on sale/ redemption of investments) (410,683) - (d) Transfer/Gain on revaluation/change in fair value - - (e) Unrealised gains/(losses) (3,936,672) 25,741 Transferred from Shareholders' Fund - - Other Income (to be specified) 19,084 9,260 TOTAL (A) 16,209,207 12,113,281 Commission L-5 3,495,555 2,662,875 Operating Expenses related to Insurance Business L-6 6,329,006 4,266,055 Provision for doubtful debts - - Bad debts written off - - Provision for Tax - - Provision for Fringe Benefits Tax 35,644 27,994 Provisions (other than taxation) (a) For diminution in the value of investments (Net) - - (b) Others (to be specified) - - TOTAL (B) 9,860,205 6,956,924 Benefits Paid (Net) L-7 766,879 346,441 Bonuses Paid 222 65 Change in valuation of liability in respect of life policies (a) Gross Linked Liability 8,903,907 8,463,099 Non Linked Liability 2,128,734 1,272,297 (b) Amount ceded in Reinsurance (66,331) (37,787) (c) Amount accepted in Reinsurance - - TOTAL (C) 11,733,411 10,044,115 SURPLUS/ (DEFICIT) (D) =(A)-(B)-(C) (5,384,409) (4,887,758) APPROPRIATIONS Balance at the beginning of year (8,031,771) (3,007,860) Transfer to Shareholders Account (6,505) - Transfer to Other Reserves (to be specified) - - Balance being Funds for Future Appropriations (216,744) (136,153) TOTAL (D) (13,639,429) (8,031,771) Details of Total Surplus (a) Interim bonuses paid 222 65 (b) Allocation of bonus to policyholders' 58,543 43,966 (c) Surplus shown in the Revenue Account (5,384,409) (4,887,758) Total Surplus (5,325,644) (4,843,727)
FORM L-2-A-PL Name of the Insurer: MetLife India Insurance Company Limited (Formerly MetLife India Insurance Company Private Limited) Registration No. and Date of Registration with the IRDA:117, August 6, 2001 PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED MARCH 31, 2009 Shareholders Account (Non-technical Account) Particulars Schedule For the year ended March 31, 2009 For the year ended March 31, 2008 (Rs. 000). (Rs. 000). Amounts transferred from/to the Policyholders Account (Technical Account) 6,505 - Income From Investments (a) Interest, Dividends & Rent Gross 224,669 189,344 (b) Profit on sale/redemption of investments - 23,173 (c) (Loss on sale/ redemption of investments) (86,001) - Other Income (To be specified) - - TOTAL (A) 145,173 212,517 Expense other than those directly related to the insurance business - - Bad debts written off - - Transfer to Policyholders' fund - - Provisions (Other than taxation) (a) For diminution in the value of investments (Net) - - (b) Provision for doubtful debts - - (c) Others (to be specified) - - TOTAL (B) - - Profit/ (Loss) before tax 145,173 212,517 Provision for Taxation - - Profit / (Loss) after tax 145,173 212,517 APPROPRIATIONS (a) Balance at the beginning of the year. (1,441,967) (1,654,484) (b) Interim dividends paid during the year - - (c) Proposed final dividend - - (d) Dividend distribution on tax - - (e) Transfer to reserves/ other accounts (to be specified) - - Profit carried to the Balance Sheet (1,296,794) (1,441,967)
FORM L-3-A-BS Name of the Insurer: MetLife India Insurance Company Limited (Formerly MetLife India Insurance Company Private Limited) Registration No. and Date of Registration with the IRDA:117, August 6, 2001 BALANCE SHEET AS AT MARCH 31, 2009 Schedule As at March 31, 2009 As at March 31, 2008 SOURCES OF FUNDS (Rs. 000). (Rs. 000). SHAREHOLDERS FUNDS: SHARE CAPITAL L-8,L-9 15,800,000 7,610,811 Advance against share capital (pending allotment) 1,534,171 3,444,865 RESERVES AND SURPLUS L-10 - - CREDIT/[DEBIT] FAIR VALUE CHANGE ACCOUNT 1,446 1,336 Sub-Total 17,335,617 11,057,012 BORROWINGS L-11 394,699 359,539 POLICYHOLDERS FUNDS: CREDIT/[DEBIT] FAIR VALUE CHANGE ACCOUNT - - POLICY LIABILITIES 5,454,062 3,391,660 INSURANCE RESERVES - - PROVISION FOR LINKED LIABILITIES-NON UNIT 127,806 83,399 PROVISION FOR LINKED LIABILITIES-UNIT 20,761,094 12,128,800 Sub-Total 26,342,962 15,603,859 FUNDS FOR FUTURE APPROPRIATIONS Linked Business 297,180 160,538 Others 80,102 - TOTAL 44,450,560 27,180,948 APPLICATION OF FUNDS INVESTMENTS Shareholders L-12 2,576,157 2,607,785 Policyholders L-13 5,658,606 3,609,453 ASSETS HELD TO COVER LINKED LIABILITIES L-14 21,058,274 12,289,338 LOANS L-15 41,446 16,988 FIXED ASSETS L-16 1,146,394 540,923 CURRENT ASSETS Cash and Bank Balances L-17 1,140,817 1,346,259 Advances and Other Assets L-18 1,368,121 906,509 Sub-Total (A) 2,508,938 2,252,768 CURRENT LIABILITIES L-19 3,295,039 3,517,212 PROVISIONS L-20 180,439 92,831 Sub-Total (B) 3,475,478 3,610,043 NET CURRENT ASSETS (C) = (A B) (966,540) (1,357,275) MISCELLANEOUS EXPENDITURE (to the extent not written off or adjusted) L-21 - - DEBIT BALANCE IN PROFIT & LOSS ACCOUNT (Shareholders Account) 1,296,794 1,441,967 Debit Balance of Revenue Account 13,639,429 8,031,771 TOTAL 44,450,560 27,180,948 CONTINGENT LIABILITIES Particulars As at March 31, 2009 As at March 31, 2008 (Rs. 000) (Rs. 000) 1 Partly paid-up investments - - 2 Claims, other than against policies, not acknowledged as debts by the company - - 3 Underwriting commitments outstanding (in respect of shares and securities) - - 4 Guarantees given by or on behalf of the Company - - 5 Statutory demands/ liabilities in dispute, not provided for - - 6 Reinsurance obligations to the extent not provided for in accounts - - 7 Claims under policies not acknowledged as debts 16,873 10,465 TOTAL 16,873 10,465
SCHEDULES FORMING PART OF FINANCIAL STATEMENTS FORM L-4-PREMIUM SCHEDULE PREMIUM Particulars For the year ended March 31, 2009 For the year ended March 31, 2008 (Rs. 000). (Rs. 000). 1 First year premiums 10,664,169 7,622,894 2 Renewal Premiums 8,519,444 3,341,830 3 Single Premiums 782,835 630,641 TOTAL PREMIUM 19,966,448 11,595,365 Premium Income from business written: In India 19,966,448 11,595,365 Outside India - - TOTAL PREMIUM 19,966,448 11,595,365 FORM L-5 - COMMISSION SCHEDULE COMMISSION EXPENSES Particulars For the year ended March 31, 2009 For the year ended March 31, 2008 (Rs. 000) (Rs. 000) Commission paid Direct First year premiums 3,210,926 2,487,907 - Renewal premiums 274,047 168,979 - Single premiums 10,582 5,989 Add: Commission on Re-insurance Accepted - - Less: Commission on Re-insurance Ceded - - Net Commission 3,495,555 2,662,875 Break-up of the expenses (Gross) incurred to procure business to be furnished as per details indicated below: Agents 985,818 882,623 Brokers 33,460 12,055 Corporate Agency 538,641 550,748 Referral 1,937,636 1,217,449 Others (pl. specify) - - TOTAL (B) 3,495,555 2,662,875
FORM L-6-OPERATING EXPENSES SCHEDULE OPERATING EXPENSES RELATED TO INSURANCE BUSINESS Particulars For the year ended March 31, 2009 For the year ended March 31, 2008 (Rs. 000). (Rs. 000). 1 Employees remuneration & welfare benefits 3,259,359 2,000,883 2 Travel, conveyance and vehicle running expenses 153,681 125,398 3 Training expenses 146,083 133,052 4 Rents, rates & taxes 406,402 266,888 5 Repairs 37,860 31,686 6 Printing & stationery 125,456 61,295 7 Communication expenses 206,040 112,641 8 Legal & professional charges 303,563 154,223 9 Medical fees 89,945 88,172 10 Auditors' fees, expenses etc a) as auditor 1,100 700 b) as adviser or in any other capacity, in respect of (i) Taxation matters 50 50 (ii) Insurance matters - - (iii) Management services; and - - (iv) Expenses 125 50 c) in any other capacity - - 11 Advertisement and publicity 831,990 737,334 12 Interest & Bank Charges 31,819 22,305 13 Service tax/cess on premium 60,115 45,690 14 Recruitment expenses 63,253 39,421 15 Information technology expenses 108,334 150,291 16 Power and water 61,564 47,283 17 Secondment charges - 1,708 18 Others 146,253 83,131 19 Depreciation 296,014 163,854 TOTAL 6,329,006 4,266,055 FORM L-7-BENEFITS PAID SCHEDULE BENEFITS PAID [NET] Particulars For the year ended March 31, 2009 For the year ended March 31, 2008 (Rs. 000). (Rs. 000). 1. Insurance Claims (a) Claims by Death, 462,763 229,007 (b) Claims by Maturity, 67,834 26,582 (c) Annuities/Pension payment, 15,849 31,334 (d) Periodical Benefit - - (e) Health - - (f) any other (Surenders) 276,686 82,072 2. (Amount ceded in reinsurance): (a) Claims by Death, (56,253) (22,554) (b) Claims by Maturity, - - (c) Annuities/Pension payment, - - (d) Periodical Benefit - - (e) Health - - (f) any other (please specify) - - 3. Amount accepted in reinsurance: (a) Claims by Death, - - (b) Claims by Maturity, - - (c) Annuities/Pension payment, - - (d) Periodical Benefit - - (e) Health - - (f) any other (please specify) - - TOTAL 766,879 346,441
FORM L-8-SHARE CAPITAL SCHEDULE SHARE CAPITAL Particulars As at March 31, 2009 As at March 31, 2008 (Rs. 000). (Rs. 000). 1 Authorised Capital 24,000,000 15,000,000 2,400,000,000 (Previous year - 1,500,000,000) equity shares of Rs 10/- each 2 Issued Capital 20,600,000 14,800,000 2,060,000,000 (Previous year -1,480,000,000) equity shares of Rs 10/- each 3 Subscribed and Paid up Capital 15,800,000 7,610,811 1,580,000,000 (Previous year - 761,081,081) equity shares of Rs 10/- each fully paid up 4 Called-up Capital - - Equity Shares of Rs....each Less : Calls unpaid - - Add : 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 15,800,000 7,610,811 Notes: No part of the capital is held by a holding company. FORM L-9-PATTERN OF SHAREHOLDING SCHEDULE PATTERN OF SHAREHOLDING [As certified by the Management] Shareholder As at March 31, 2009 As at March 31, 2008 Number of Shares % of Holding Number of Shares % of Holding Promoters Indian 1,169,200,000 74% 563,200,000 74% Foreign 410,800,000 26% 197,881,081 26% Others TOTAL 1,580,000,000 100% 761,081,081 100% FORM L-10-RESERVES AND SURPLUS SCHEDULE RESERVES AND SURPLUS Particulars As at March 31, 2009 As at March 31, 2008 (Rs. 000) (Rs. 000) 1 Capital Reserve - - 2 Capital Redemption Reserve - - 3 Share Premium - - 4 Revaluation Reserve - - 5 General Reserves - - Less: Debit balance in Profit and Loss Account, if any - - Less: Amount utilized for Buy-back - - 6 Catastrophe Reserve - - 7 Other Reserves (to be specified) - - 8 Balance of profit in Profit and Loss Account - - TOTAL - -
FORM L-11-BORROWINGS SCHEDULE BORROWINGS Particulars As at March 31, 2009 As at March 31, 2008 (Rs. 000). (Rs. 000). 1 Debentures/ Bonds - - 2 Banks - - 3 Financial Institutions - - 4 Others (to be specified) Information technology equipment/computer Software on lease [secured 370,835 327,695 against the information technology equipment and Computer software, net book value -- Rs 314,694] (Previous year Rs 269,435) Vehicle lease [secured against the vehicles, net book value -- Rs 20,880] 23,864 31,844 (Previous year -- Rs 27,902) TOTAL 394,699 359,539 Notes: Amount due with in 12 months from balance sheet date is Rs 161,907 (Previous year Rs 133,379)
FORM L-12-INVESTMENTS SHAREHOLDERS SCHEDULE INVESTMENTS-SHAREHOLDERS Particulars As at March 31, 2009 As at March 31, 2008 (Rs. 000) (Rs. 000) LONG TERM INVESTMENTS 1 Government securities and Government guaranteed bonds including Treasury 188,377 802,589 Bills 2 Other Approved Securities 89,561-3 Other Investments (a) Shares (aa) Equity - - (bb) Preference - - (b) Mutual Funds - - (c) Derivative Instruments - - (d) Debentures/ Bonds 480,416 172,842 (e) Other Securities (to be specified) - - (f) Subsidiaries - - Investment Properties-Real Estate - - 4 Investments in Infrastructure and Social Sector 633,615 848,560 5 Other than Approved Investments 47,600 - SHORT TERM INVESTMENTS 1 Government securities and Government guaranteed bonds including Treasury 220,273 197,733 Bills 2 Other Approved Securities - - 3 Other Investments (a) Shares (aa) Equity - - (bb) Preference - - (b) Mutual Funds - - (c) Derivative Instruments - - (d) Debentures/ Bonds - - (e) Other Securities (to be specified) - - (f) Subsidiaries - - (g) Fixed Deposits with Banks 488,392 238,000 (h) Commercial Papers - - Investment Properties-Real Estate - - 4 Investments in Infrastructure and Social Sector 1,953 96,724 5 Other than Approved Investments - Debentures/ Bonds 957 - - Mutual funds 425,013 251,337 - Other securities - Inter corporate deposit - - - Other securities - Asset securitisation - Pass through certificates - - TOTAL 2,576,157 2,607,785
FORM L-13-INVESTMENTS POLICYHOLDERS SCHEDULE INVESTMENTS-POLICYHOLDERS Particulars As at March 31, 2009 As at March 31, 2008 (Rs. 000) (Rs. 000) LONG TERM INVESTMENTS 1 Government securities and Government guaranteed bonds including Treasury 2,772,489 2,761,243 Bills 2 Other Approved Securities 1,166,077-3 (a) Shares (aa) Equity - - (bb) Preference - - (b) Mutual Funds - - (c) Derivative Instruments - - (d) Debentures/ Bonds 65,000 248,379 (e) Other Securities (to be specified) - - (f) Subsidiaries - - (g) Investment Properties-Real Estate - - 4 Investments in Infrastructure and Social Sector 1,431,673 500,590 5 Other than Approved Investments - - SHORT TERM INVESTMENTS 1 Government securities and Government guaranteed bonds including Treasury 209,703 99,241 Bills 2 Other Approved Securities - - 3 (a) Shares (aa) Equity - - (bb) Preference - - (b) Mutual Funds - - (c) Derivative Instruments - - (d) Debentures/ Bonds - - (e) Other Securities (to be specified) - - (f) Subsidiaries - - (g) Investment Properties-Real Estate - - 4 Investments in Infrastructure and Social Sector 8,535-5 Other than Approved Investments 5,129 - TOTAL 5,658,606 3,609,453
FORM L-14-ASSETS HELD TO COVER LINKED LIABILITIES SCHEDULE ASSETS HELD TO COVER LINKED LIABILITIES Particulars As at March 31, 2009 As at March 31, 2008 (Rs. 000) (Rs. 000) LONG TERM INVESTMENTS 1 Government securities and Government guaranteed bonds including Treasury Bills 552,823 291,478 2 Other Approved Securities 158,002-3 (a) Shares (aa) Equity 11,924,293 9,891,426 (bb) Preference 6,291 - (b) Mutual Funds - - (c) Derivative Instruments - - (d) Debentures/ Bonds 433,598 572,846 (e) Other Securities (to be specified) - - (f) Subsidiaries - - (g) Investment Properties-Real Estate - - 4 Investments in Infrastructure and Social Sector 811,587 346,774 5 Other than Approved Investments (a) Equity 2,708,806 - (b) Preference - - (c) Bonds/Debentures 184,119 - SHORT TERM INVESTMENTS 1 Government securities and Government guaranteed bonds including Treasury 512,773 - Bills 2 Other Approved Securities - - 3 (a) Shares (aa) Equity - - (bb) Preference - - (b) Mutual Funds 998,235 163,899 (c ) Derivative Instruments - - (d) Debentures/ Bonds 170,249 - (e) Other Securities (to be specified) - - (f) Subsidiaries - - (g) Fixed deposits 819,632 62,000 h) Commercial papers 144,319 - (I) Investment Properties-Real Estate - - 4 Investments in Infrastructure and Social Sector 81,009 113,653 5 Other than Approved Investments Mutual Funds 448,883 - Debentures/ Bonds 143,605-6 Other net current assets 960,050 847,262 TOTAL 21,058,274 12,289,338
FORM L-15-LOANS SCHEDULE LOANS Particulars As at March 31, 2009 As at March 31, 2008 (Rs. 000). (Rs. 000). 1 SECURITY-WISE CLASSIFICATION Secured (a) On mortgage of property (aa) In India - - (bb) Outside India - - (b) On Shares, Bonds, Govt. Securities, etc. - - ( c) Loans against policies 41,446 16,988 (d) Others (to be specified) - - Unsecured - - TOTAL 41,446 16,988 2 BORROWER-WISE CLASSIFICATION (a) Central and State Governments - - (b) Banks and Financial Institutions - - (c) Subsidiaries - - (d) Companies - - (e) Loans against policies 41,446 16,988 (f) Others (to be specified) - - TOTAL 41,446 16,988 3 PERFORMANCE-WISE CLASSIFICATION (a) Loans classified as standard (aa) In India 41,446 16,988 (bb) Outside India - - (b) Non-standard loans less provisions (aa) In India - - (bb) Outside India - - TOTAL 41,446 16,988 4 MATURITY-WISE CLASSIFICATION (a) Short Term - - (b) Long Term 41,446 16,988 TOTAL 41,446 16,988
FORM 16-FXED ASSETS SCHEDULE FIXED ASSETS Particulars Cost/ Gross Block Depreciation Opening Additions Deductions Closing Up to Last Year For The Period On Sales/ Adjustment To Date As at March 31, 2009 Net Block (Rs. 000) As at March 31, 2008 Goodwill - - - - - - - - - - Intangibles (specify) Computer Software - Owned 56,749 56,032-112,781 30,923 10,292-41,215 71,566 25,826 Computer Software - Leased 16,679 52,364-69,043 226 21,867-22,093 46,950 16,453 Land-Freehold - - - - - - - - - - Leasehold Property 284,503 397,161 42,937 638,727 161,078 63,816 40,858 184,036 454,691 123,425 Buildings - - - - - - - - - - Furniture & Fittings 32,184 28,336 478 60,042 25,396 23,962 478 48,880 11,162 6,788 Information technology equipment - Owned 90,934 63,729 183 154,480 38,519 4,956 183 43,292 111,188 52,415 Information technology equipment - Leased 402,570 147,311-549,881 149,588 132,549-282,137 267,744 252,982 Vehicles - Owned 867 - - 867 751 116-867 - 116 Vehicles -Leased 43,452 10,896 17,058 37,290 15,550 10,860 10,000 16,410 20,880 27,902 Office Equipment 88,803 81,425 32 170,196 53,787 27,596 2 81,381 88,815 35,016 Others (Specify nature) - - - - - - - - - - TOTAL 1,016,741 837,254 60,688 1,793,307 475,818 296,014 51,521 720,311 1,072,996 540,923 Work in progress - 73,398-73,398 - - - - 73,398 - Grand Total 1,016,741 910,652 60,688 1,866,705 475,818 296,014 51,521 720,311 1,146,394 540,923 PREVIOUS YEAR 491,532 539,072 13,863 1,016,741 321,084 163,854 9,120 475,818 540,923 -
FORM L-17-CASH AND BANK BALANCE SCHEDULE CASH AND BANK BALANCES Particulars As at March 31, 2009 As at March 31, 2008 (Rs. 000). (Rs. 000). 1 Cash (including cheques and drafts) 1,863 487 2 Bank Balances (a) Deposit Accounts (aa) Short-term (due within 12 months of the date of Balance Sheet) - - (bb) Others - - (b) Current Accounts (*) 1,138,954 1,345,772 (c ) Others (to be specified) - - 3 Money at Call and Short Notice (a) With Banks - - (b) With other Institutions 4 Others (to be specified) - - TOTAL 1,140,817 1,346,259 Balances with non-scheduled banks included above CASH & BANK BALANCES 1 In India 1,140,817 1,346,259 2 Outside India - - TOTAL 1,140,817 1,346,259 (*) Include remittances in transit of Rs 166,269 (Previous year Rs 756,697) FORM L-18-ADVANCE AND OTHER ASSETS SCHEDULE ADVANCES AND OTHER ASSETS Particulars As at March 31, 2009 As at March 31, 2008 (Rs. 000) (Rs. 000) ADVANCES 1 Reserve deposits with ceding companies - - 2 Application money for investments - - 3 Prepayments 35,725 27,172 4 Advances to Directors/Officers - - 5 Advances to Employees 340 2,320 6 Advance tax paid and taxes deducted at source (Net of provision for taxation) 200 200 7 Other advances 290,156 79,637 TOTAL (A) 326,421 109,329 OTHER ASSETS 1 Income accrued on investments 168,613 139,667 2 Outstanding Premiums 116,202 79,012 3 Agents Balances - - 4 Foreign Agencies Balances - - 5 Due from other entities carrying on insurance business (including reinsures) 30,147 8,657 6 Due from subsidiaries/ holding company - - 7 Deposit with Reserve Bank of India [Pursuant to section 7 of Insurance Act, 1938] - - 8 Service tax/cess unutilized credit 483,045 425,577 9 Deposits 243,693 144,267 10 Others (to be specified) - - TOTAL (B) 1,041,700 797,180 TOTAL (A+B) 1,368,121 906,509
FORM L-19-CURRENT LIABILITIES SCHEDULE CURRENT LIABILITIES Particulars As at March 31, 2009 As at March 31, 2008 (Rs. 000). (Rs. 000). 1 Agents Balances 208,289 166,445 2 Balances due to other insurance companies 82,224 42,272 3 Deposits held on re-insurance ceded - - 4 Premiums received in advance - - 5 Unallocated premium - - 6 Sundry creditors 1,740,592 1,462,926 7 Due to subsidiaries/ holding company - - 8 Claims Outstanding 207,707 116,047 9 Annuities Due - - 10 Due to Officers/ Directors - - 11 Premium deposits 787,751 1,520,154 12 Taxes deducted at source payable 268,476 209,368 13 Others (to be specified) - - TOTAL 3,295,039 3,517,212 FORM L-20-PROVISIONS SCHEDULE PROVISIONS Particulars As at March 31, 2009 As at March 31, 2008 (Rs. 000). (Rs. 000). 1 For taxation (less payments and taxes deducted at source) - - 2 For Fringe Benefits Tax 1,376 2,604 3 For proposed dividends - - 4 For dividend distribution tax - - 5 For gratuity 61,597 28,030 6 For leave encashment 117,466 62,197 7 Others (to be specified) - - TOTAL 180,439 92,831 FORM L-21-MISC EXPENDITURE SCHEDULE MISCELLANEOUS EXPENDITURE (To the extent not written off or adjusted) Particulars As at March 31, 2009 As at March 31, 2008 (Rs. 000). (Rs. 000). 1 Discount Allowed in issue of shares/ debentures - - 2 Others (to be specified) - - TOTAL - -
FORM L-22 Analytical Ratios* PERIODIC DISCLOSURES Insurer: MetLife India Insurance Company Limited Date: 31/03/09 (Formerly MetLife India Insurance Company Private Limited) Analytical Sl.No. Particular 1 New business premium income growth rate - segment wise For the year ended March 31, 2009 For the year ended March 31, 2008 - Participating policies 385.94% 55.11% - Non-participating policies 349.31% 60.68% - Pension 285.61% 64.93% - Group - linked 104.52% 269.58% - Individual Life - Linked 124.97% 285.32% - Pension - linked 404.22% 128.48% 2 Net Retention Ratio 99.08% 99.05% 3 Expense of Management to Gross Direct Premium Ratio 49.38% 60.00% 4 Commission Ratio (Gross commission paid to Gross Premium) 17.51% 22.96% 5 Ratio of policy holder's liabilities to shareholder's funds 153.67% 142.57% 6 Growth rate of shareholders' fund 56.78% 77.91% 7 Ratio of surplus/(deficit) to policyholders' liability -20.21% -31.01% 8 Change in net worth 51.55% 1.98% 9 Profit after tax/total Income 0.89% 1.72% 10 (Total real estate + loans)/(cash & invested assets) 0.14% 0.09% 11 Total investments/(capital + Surplus) 792.83% 612.01% 12 Total affiliated investments/(capital+ Surplus) - - 13 Investment Yield (Gross and Net) - Non linked Par (Gross) 8.93% 8.94% - Non linked Par (Net) 8.93% 8.94% - Non linked Non Par (Gross) 8.16% 8.18% - Non linked Non Par (Net) 8.16% 8.18% 14 Conservation Ratio -Linked 74.81% 65.61% -Non Linked 93.71% 89.46% -Pension (both Linked and Non Linked) 82.12% 66.78% -Health - - 15 Persistency Ratio 16 NPA Ratio Equity Holding Pattern for Life Insurers For 13th month 71.54% 64.88% For 25th month 64.28% 57.93% For 37th month 59.05% 53.27% For 49th Month 55.47% 50.39% for 61st month 52.34% 47.62% Gross NPA Ratio - - Net NPA Ratio - - 1 (a) No. of shares 1,580,000,000 761,081,081 2 (b) Percentage of shareholding (Indian / Foreign) 74% : 26% 74% : 26% 3 ( c) %of Government holding (in case of public sector insurance companies) - - 4 5 (a) Basic and diluted EPS before extraordinary items (net of tax expense) for the period (not to be annualized) (b) Basic and diluted EPS after extraordinary items (net of tax expense) for the period (not to be annualized) Basic - Rs.0.09 Diluted - Rs.0.09 Basic - Rs.0.09 Diluted - Rs.0.09 Basic - Rs.0.28 Diluted - Rs.0.27 Basic - Rs.0.28 Diluted - Rs.0.27 6 (iv) Book value per share (Rs) 1.52 2.08 Notes: 1. Ratios from Sl no 1 to 12 have been calculated in accordance with the circular dated April 29, 2003 issued by IRDA and as per the audited financial statements 2. Ratios from Sl No 13 are based on Public Disclosure guidelines issued by IRDA dated January 28, 2010
FORM L-23-RECEIPT AND PAYMENTS SCHEDULE Format of Receipts and Payments A/c to be furnished by the insurers on direct basis (Rs in '000's) Cash Flows from the operating activities: Premium received from policyholders, including advance receipts 19,196,855 Other receipts (give Break-up) - Payments to the re-insurers, net of commissions and claims/ Benefits (143,748) Payments to co-insurers, net of claims / benefit recovery - Payments of claims/benefits (675,219) Payments of commission and brokerage (3,453,711) Payments of other operating expenses (6,297,164) Preliminary and pre-operative expenses - Deposits, advances and staff loans (395,476) Income taxes paid (Net) - Service tax paid (197,787) Loans against policies (24,458) Other payments - Cash flows before extraordinary items 8,009,292 Cash flow from extraordinary operations (give break-up) - Net cash flow from operating activities 8,009,292 Cash flows from investing activities: Purchase of fixed assets (710,976) Proceeds from sale of fixed assets 10,612 Purchases of investments (33,659,294) Loans disbursed - Sales/Maturity of investments 19,193,276 Repayments received - Rents/Interests/ Dividends received 950,454 Investments in money market instruments and in liquid mutual funds (Net)* - Change in other current assets (112,787) Expenses related to investments - Net cash flow from investing activities (14,328,715) Cash flows from financing activities: Proceeds from issuance of share capital 6,278,496 Proceeds from borrowing - Repayments of borrowing (finance lease obligations) (164,515) Interest/dividends paid - Net cash flow from financing activities 6,113,981 Effect of foreign exchange rates on cash and cash equivalents, net - Net increase in cash and cash equivalents: (205,442) Cash and cash equivalents at the beginning of the year 1,346,259 Cash and cash equivalents at the end of the year 1,140,817
L-24-Liab IRDA Periodic Disclosures FORM L-24 Valuation of net liabiltiies PERIODIC DISCLOSURES Insurer: MetLife India Insurance Company Limited (Formerly MetLife India Insurance Company Private Limited) Valuation of net liabiltiies Date: 31/03/09 (Rs in Lakhs) Sl.No. Particular As at March 31, 2009 As at March 31, 2008 1 Linked a Life 201,141 118,581 b General Annuity - - c Pension 9,441 4,312 d Health - - 2 Non-Linked a Life 56,084 34,466 b General Annuity - - c Pension 536 284 d Health - - Page 17 of 45
L-25-(i)-Geog Dist-Individuals IRDA Periodic Disclosures FORM L-25 : Geographical Distribution Channel - Individuals PERIODIC DISCLOSURES Insurer: MetLife India Insurance Company Limited Date: 31/03/09 (Formerly MetLife India Insurance Company Private Limited) (Rs in Lakhs) Sl.No. State / Union Territory No. of Policies No. of Lives Premium (Rs in lakhs) Geographical Distribution of Total Business Rural Urban Total Business Sum Assured (Rs in lakhs) No. of Policies No. of Lives Premium (Rs in lakhs) Sum Assured (Rs in lakhs) No. of Policies No. of Lives Premium (Rs in lakhs) Sum Assured (Rs in lakhs) 1 Andhra Pradesh 3,286 3,286 869 14,297 20,496 20,496 7,127 120,039 23,782 23,782 7,996 134,336 2 Arunachal Pradesh - - - - - - - - - - - - 3 Assam 588 588 48 993 2,447 2,447 466 5,306 3,035 3,035 514 6,298 4 Bihar 433 433 47 932 1,681 1,681 313 5,386 2,114 2,114 360 6,319 5 Chattisgarh 795 795 153 2,778 1,406 1,406 314 3,763 2,201 2,201 467 6,540 6 Goa 32 32 15 134 525 525 246 3,115 557 557 261 3,248 7 Gujarat 1,362 1,362 148 3,568 9,597 9,597 1,644 35,121 10,959 10,959 1,792 38,689 8 Haryana 300 300 65 972 2,336 2,336 591 9,641 2,636 2,636 656 10,613 9 Himachal Pradesh - - - - - - - - - - - - 10 Jammu & Kashmir 11,369 11,369 3,612 31,453 16,285 16,285 5,538 37,914 27,654 27,654 9,150 69,366 11 Jharkhand 605 605 66 1,417 1,597 1,597 328 4,485 2,202 2,202 394 5,901 12 Karnataka 3,949 3,949 610 9,908 29,061 29,061 10,263 175,416 33,010 33,010 10,872 185,324 13 Kerala 4,860 4,860 1,607 16,292 25,866 25,866 10,079 106,989 30,726 30,726 11,686 123,280 14 Madhya Pradesh 698 698 113 2,942 1,078 1,078 266 5,111 1,776 1,776 379 8,052 15 Maharashtra 11,202 11,202 3,755 69,996 32,313 32,313 15,327 240,764 43,515 43,515 19,082 310,760 16 Manipur - - - - - - - - - - - - 17 Meghalaya - - - - - - - - - - - - 18 Mirzoram - - - - - - - - - - - - 19 Nagaland - - - - - - - - - - - - 20 Orissa 635 635 86 1,311 2,767 2,767 511 6,854 3,402 3,402 597 8,165 21 Punjab 2,350 2,350 370 5,800 11,637 11,637 2,542 40,376 13,987 13,987 2,913 46,176 22 Rajasthan 383 383 61 1,149 3,097 3,097 639 10,591 3,480 3,480 699 11,740 23 Sikkim - - - - - - - - - - - - 24 Tamil Nadu 3,474 3,474 795 14,505 19,324 19,324 6,351 89,435 22,798 22,798 7,146 103,940 25 Tripura - - - - - - - - - - - - 26 Uttar Pradesh 1,379 1,379 146 1,800 6,528 6,528 1,261 23,696 7,907 7,907 1,407 25,496 27 UttraKhand 214 214 29 750 1,498 1,498 297 6,916 1,712 1,712 326 7,666 28 West Bengal 12,007 12,007 2,194 23,932 34,859 34,859 12,801 148,910 46,866 46,866 14,995 172,842 29 Andaman & Nicobar Islands - - - - - - - - - - - - 30 Chandigarh - - - - - - - - - - - - 31 Dadra & Nagrahaveli - - - - - - - - - - - - 32 Daman & Diu - - - - - - - - - - - - 33 Delhi 3,491 3,491 1,164 15,350 40,324 40,324 14,588 220,275 43,815 43,815 15,751 235,625 34 Lakshadweep - - - - - - - - - - - - 35 Puducherry - - - - - - - - - - - - Company Total 63,412 63,412 15,954 220,277 264,722 264,722 91,489 1,300,103 328,134 328,134 107,443 1,520,380 Page 18 of 45
FORM L-25 : Geographical Distribution Channel - GROUP PERIODIC DISCLOSURES Insurer: MetLife India Insurance Company Limited Date: 31/03/09 (Formerly MetLife India Insurance Company Private Limited) (Rs in Lakhs) Sl.No. State / Union Territory No. of Policies No. of Lives Premium (Rs in lakhs) Geographical Distribution of Total Business- GROUP Rural Urban Total Business Sum Assured (Rs in lakhs) No. of Policies No. of Lives Premium (Rs in lakhs) Sum Assured (Rs in lakhs) No. of Policies No. of Lives Premium (Rs in lakhs) Sum Assured (Rs in lakhs) 1 Andhra Pradesh - - - - 30 10,111 241 100,901 30 10,111 241 100,901 2 Arunachal Pradesh - - - - - - - - - - - 3 Assam - - - - - 77 15 1,035-77 15 1,035 4 Bihar - - - - 4 1,243 8 965 4 1,243 8 965 5 Chattisgarh - - - - - 19 1 136-19 1 136 6 Goa - - - - - 7 1 166-7 1 166 7 Gujarat - - - - 14 25,774 117 20,234 14 25,774 117 20,234 8 Haryana - - - - 8 8,548 126 102,897 8 8,548 126 102,897 9 Himachal Pradesh - - - - - 7 0 - - 7 0-10 Jammu & Kashmir - - - - 3 5,285 143 10,578 3 5,285 143 10,578 11 Jharkhand - - - - - 120 30 1,340-120 30 1,340 12 Karnataka - - - - 30 83,801 2,169 675,921 30 83,801 2,169 675,921 13 Kerala - - - - 4 4,116 49 26,791 4 4,116 49 26,791 14 Madhya Pradesh - - - - - 235 34 1,922-235 34 1,922 15 Maharashtra - - - - 44 120,816 821 708,881 44 120,816 821 708,881 16 Manipur - - - - - - - - - - - 17 Meghalaya - - - - - 2 1-2 1-18 Mirzoram - - - - - - - - - - - 19 Nagaland - - - - - - - - - - - 20 Orissa - - - - - 54 8 866-54 8 866 21 Punjab - - - - - 91 18 1,567-91 18 1,567 22 Rajasthan - - - - - 254 32 1,965-254 32 1,965 23 Sikkim - - - - - 2 1 - - 2 1-24 Tamil Nadu - - - - 14 32,021 287 147,750 14 32,021 287 147,750 25 Tripura - - - - - - - - - - - 26 Uttar Pradesh - - - - 4 8,235 137 19,093 4 8,235 137 19,093 27 UttraKhand - - - - 1 21,361 7 161 1 21,361 7 161 28 West Bengal - - - - - (30,037) 53 16,715 - (30,037) 53 16,715 29 Andaman & Nicobar Islands - - - - - 1 0-1 0-30 Chandigarh - - - - - 50 0 13-50 0 13 31 Dadra & Nagrahaveli - - - - - - - - - - - 32 Daman & Diu - - - - - (350) (0) 628 - (350) (0) 628 33 Delhi - - - - 10 19,735 2,725 136,783 10 19,735 2,725 136,783 34 Lakshadweep - - - - - - - - - - - 35 Puducherry - - - - - 10 2 183-10 2 183 Company Total - - - - 166 311,588 7,027 1,977,492 166 311,588 7,027 1,977,492
FORM L-26-INVESTMENT ASSETS(LIFE INSURERS)-3A COMPANY NAME & CODE: Metlife India Insurance Company Limited (Regd No - 117) Statement As on : 31st March 2009 Statement of Investment Assets (Business within India) Periodicity of Submission : Quarterly PART - A (Rs. In Lakhs) Total application as per balance sheet (A) - As on 31st Mar 09 444506 Reconciliation of Investment Assets Add (B) Total Investment Assets (As per the balance sheet) 292,930 Provisions Sch 14 1,804 Current Liabilities Sch 13 32,950 Balance sheet value as of 31sr Mar 09 : 34755 A.Life Fund 79,486 Less (C ) Debit balance in P & L A/c 149,362 B.Pension, General Annuity Fund 2,861 Loans Sch 9 414.46 Advances & other Assets Sch 12 13,681 C. Groups, Excl. Group Pension / Annuity Cash & bank balance Sch 11 11,408 Fixed Assets Sch 10 11,464 C. Unit Linked Funds 210,583 Misc Exp. Not written off Sch 15 - Fund available for Investments as on 31st Mar 09 292,930 292,930 Diff - NON - LINKED BUSINESS A. LIFE fund % as per Reg SH Balance FRSM * PH UL-Non Unit Reserve PAR NON PAR (a) (b) (c ) (d) (e) 1 G. Sec Not Less - than 25% 4,086.49-10,811.54 16,547.78 31,445.81 39.57 31,445.81 32,742.47 2 G. Sec or Other Approved Securities (incl (i) above) Not Less than 50% - 4,982.10-18,016.80 20,571.69 43,570.59 54.83 43,570.59 45,886.80 3 Investment subject to Exposure Norms a. Housing & Infrastructure Not Less - than 15% 6,776.67-10,237.28 4,197.15 21,211.10 26.69 21,211.10 21,655.56 Not b. (i) Approved Investments exceeding - 9,688.09-650.00 10,338.09 13.01 10,338.09 10,235.45 (ii)"other Investments not exceed 15%" * 35% - 4,300.24-51.82 4,352.05 5.48 14.46 4,366.52 4,366.17 TOTAL LIFE FUND 100% 0 25,747.10 0 28,904.08 24,820.66 79,471.83 100.00 14.46 79,486.30 82,143.98 Book Value (SH + PH) F* (b+c+d+e) Actual % FVC Amount Total Fund Market Value B. Pension, General Annuity & Group Fund % as per Reg PH Book Value Actual % FVC Amount Total Fund Market Value PAR NON PAR 1 G. Sec Not Less than 20% 352.88 2,097.03 2,449.92 85.62% 2,449.92 2,470.67 2 G. Sec or Other Approved Securities (incl (i) above) Not Less than 40% 400.99 2,457.39 2,858.38 99.90% 2,858.38 2,900.62 3 Balance In Approved Investment Not exceeding 60% 2.50 0.44 2.93 0.10% 2.93 3.11 TOTAL PENSION,GENERAL ANNUITY & GROUP 100% FUND 403.49 2,458 2,861.32 100.00% - 2,861.32 2,903.72 C. Group Scheme Excluding Group Pension / Annuity % as per Reg PH Book Value Actual % FVC Total Fund Market Value Amount PAR NON PAR 1 G. Sec Not Less than 20% - - - - - - - 2 G. Sec or Other Approved Securities (incl (i) above) Not Less than 40% - --------N. A.-------- - - - - 3 Balance In Approved Investment Not exceeding 60% - - - - - - - TOTAL GROUP FUND 100% - - - 0.00% - - - LINKED BUSINESS C. LINKED FUNDS % as per Reg PH Total Fund Actual % PAR NON PAR (i) Approved Investment Not Less than 75% - 166,026.24 166,026.24 78.84% (ii) Other Investment Not exceeding 25% - 44,556.50 44,556.50 21.16% TOTAL LINKED INSURANCE FUND 100% - 210,582.74 210,582.74 100.00%
FORM L-27-UNIT LINKED BUSINESS-3A Unit Linked Insurance Business PART - B COMPANY NAME & CODE: Metlife India Insurance Company Limited (Regd No - 117) Periodicity of Submission: Quarterly Statement As on : 31st March 2009 Link to Item 'C' of FORM 3A (Part A) Par / Non-Par (Rs. In Lakhs) Total of All Funds PARTICULARS Opening Balance (Market value) Add: Inflows during the Quarter Increase / (Decrease) Value of Inv (Net) Less : Outflow during the Quarter TOTAL INVESTIBLE FUNDS (MKT VALUE) GRATUITY DEBT FUND GRATUITY BALANCED FUND PRESERVER FUND 4,877 1,505 1,954 7,059 88 2,763-521 -23-128 -1,585-75 -74 9,830 1,496 4,514 MODERATOR FUND 1,094 350 7-11 1,440 BALANCER FUND ACCELERATOR FUND MULTIPLIER FUND 17,408 18,033 103,877 7,765 3,049 29,082 486 558 3,358-102 -9-386 25,556 21,631 135,931 VIRTUE FUND 8,039 2,129 380-363 10,186 156,786 52,285 4,118-2,605 210,583 INVESTMENT OF UNIT FUND GRATUITY DEBT FUND GRATUITY BALANCED FUND PRESERVER FUND MODERATOR FUND BALANCER FUND ACCELERATOR FUND MULTIPLIER FUND VIRTUE FUND Total of All Funds Approved Investments (>=75%) Govt Bonds Corporate Bonds Infrastructure Bonds Equity Money Market Mutual Funds Deposit with Banks Actual Inv. % Actual Actual Inv. % Actual Actual Inv. % Actual Actual Inv. % Actual Actual Inv. % Actual Actual Inv. % Actual Actual Inv. % Actual Actual Inv. % Actual Actual Inv. % Actual 2,639 27% 62 4% 3,079 68% 237 16% 3,976 16% 280 1% 1,963 1% - 0% 12236 6% 2,162 22% 294 20% 0 0% 166 12% 2,189 9% 1,227 6% - 0% - 0% 6038 3% 1,620 16% 290 19% 0 0% 376 26% 4,370 17% 2,269 10% - 0% - 0% 8926 4% 0 0% 315 21% 0 0% 173 12% 8,097 32% 11,749 54% 92,047 68% 6,925 68% 119306 57% 700 7% 115 8% 525 12% 35 2% 1,373 5% 175 1% 2,853 2% - 0% 5776 3% 0% 0% 0% 0% 0% 0% 0% 280 3% 280 0% 8% 3% 0% 6% 1% 0% 2% - 0% 3864 2% 762 42 0 82 229 95 2,654 Sub Total (A) 7,883 80% 1,118 75% 3,603 80% 1071 74% 20235 79% 15795 73% 99516 73% 7205 71% 156426 74% Current Assets: Accured Interest 190 2% 24 2% 42 1% 30 2% 402 2% 207 1% 6 0% 0% 901 0% Dividend Receivables 0% 0% 0% 0 0% 1 0% 1 0% 7 0% 0% 10 0% Bank Balance 1,307 13% 1 0% 1 0% 1 0% 8 0% 3 0% 5 0% 152 1% 1478 1% Receivable for sale of Investments 0% 0% 0% 0% 0% 0% 0% 0% 0 0% Other Current Assets (For Investments) 469 5% 2 0% 762 17% 56 4% 2390 9% 610 3% 5507 4% 457 4% 10253 5% Less : Current Liablities Payable for Investments -905-9% 0% 0% 0% -1817-7% 0% 0% 0% -2723-1% Fund management charges payable -29 0% -1 0% -3 0% -2 0% -54 0% -42 0% -174 0% -13 0% -318 0% Other Current Liabilities (For Investments) Sub Total (B) 1,033 11% 26 2% 801.49 18% 85 6% 930 4% 779 4% 5351 4% 595 6% 9600 5% Other Investments (<=25%) Corporate Bonds 195 2% 108 7% - 0% 98.5 6.84% 1,862.1 7% 1,013.8 5% - 0% - 0.00% 3277 2% Infrastructure Bonds 0 0 0% Equity 0 0% 86 6% - 0% 39.9 2.77% 1,681.9 7% 2,650.6 12% 20,955 15% 1,674.5 16.44% 27088 13% Money Market 0 0% 0% - 0% - 0.00% - 0% - 0% - 0% - 0.00% 0 0% Mutual Funds & Venture Fund 719 7% 157 11% 110 2% 145.56 10.11% 847 3% 1,393 6% 10,108 7% 711 6.98% 14191 7% Sub Total (C) 914 9% 351 23% 110 2% 284 20% 4391 17% 5057 23% 31063 23% 2386 23% 44556 21% Total (A+B+C) 9,830 100% 1,496 100% 4,514 100% 1440 100% 25556 100% 21631 100% 135931 100% 10186 100% 210583 100% Fund carried forward (as per LB2) 9,830 1,496 4,514 1440 25556 21631 135931 10186 210,583
FORM L-28-ULIP-NAV-3A COMPANY NAME & CODE: Metlife India Insurance Company Limited (Regd No - 117) (Part C) Statement As on : 31st March 2009 Periodicity Of Submission: Quarterly Link to FORM 3A PART B Assets held NAV as NAV as per Previous 2nd Previous 3rd Previous Annualised 3rd Year No Name of the Scheme on the above date on the above date LB 2 Qtr NAV Qtr NAV Qtr NAV Return/Yield Rolling CAGR (Amount in Rs.) 1 ACCELERATOR ACCOUNT 2,163,094,194 15.14 15.14 14.78 17.34 17.69 12.40 0.76 2 BALANCER ACCOUNT 2,555,558,102 14.46 14.46 14.20 15.02 15.15 10.77 3.77 3 MODERATOR ACCOUNT 143,989,508 13.61 13.61 13.57 13.00 12.95 8.70 6.08 4 MULTIPLIER ACCOUNT 13,593,051,248 14.72 14.72 14.44 18.15 18.64 11.38 (2.67) 5 PRESERVER ACCOUNT 451,434,643 13.01 13.01 13.81 11.33 11.13 7.28 7.30 6 PROTECTOR ACCOUNT 399,093,116 13.02 13.02 13.12 11.49 11.44 7.27 7.71 7 GRATUITY BALANCED ACCOUNT b EGF 23,482,155 8.69 8.69 8.82 9.03 8.98-10.32 N.A. c HND 19,805,048 8.61 8.61 8.73 8.94 8.90-11.36 N.A. d HTW 18,925,558 8.66 8.66 8.79 9.01 8.97-10.59 N.A. e SVF 87,346,014 8.71 8.71 8.83 9.05 8.99-9.81 N.A. 8 GRATUITY DEBT ACCOUNT a EGF 21,797,536 11.19 11.19 11.26 9.86 9.80 11.88 N.A. c HND 28,134,593 11.26 11.26 11.34 9.92 9.87 10.23 N.A. d HTW 14,604,465 11.17 11.17 11.25 9.85 9.81 11.06 N.A. f SVF 94,948,720 11.38 11.38 11.45 10.02 0.00 25.88 N.A. g SXF 424,420,551 12.33 12.33 12.41 10.85 10.79 11.38 N.A. 9 VIRTUE - THE HEALTHY LIFE 1,018,588,971 6.68 6.68 6.44 8.02 8.40-30.60 N.A. Total 21,058,274,422
L-29-Debt LinkedSec IRDA Periodic Disclosures FORM L-29 Detail regarding debt securities - Linked Fund PERIODIC DISCLOSURES Insurer: METLIFE INDIA INSURANCE COMPANY LIMITED Date: 31/03/09 (Rs in Lakhs) Detail Regarding debt securities MARKET VALUE Book Value As at 31 March 2009 as % of total for this class as at. Of the previous year as % of total for this class As at. as % of total for this class as at. Of the previous year as % of total for this class Break down by credit rating AAA rated 14,346 40% 8,180 62% 13,857 39% 8,180 62% AA or better 2,952 8% 2,153 16% 2,942 8% 2,151 16% Rated below AA but above A 943 3% - 0% 946 3% - 0% Rated below A but above B - - - 0% - - - 0% Any other - Soverign 12,236 34% 2,915 22% 12,329 34% 2,942 22% - P1 5,776 16% - 0% 5,775 16% - 0% BREAKDOWN BY RESIDUALMATURITY - - Up to 1 year 17002 47% 5,386 41% 16944 47% 5,382 41% more than 1 yearand upto 3years 4635 13% 2,203 17% 4593 13% 2,201 17% More than 3years and up to 7years 7368 20% 2,907 22% 7231 20% 2,929 22% More than 7 years and up to 10 years 6413 18% 1,282 10% 6249 17% 1,274 10% More than 10 years and up to 15 years 709 2% 396 3% 710 2% 401 3% More than 15 years and up to 20 years 25 0% 481 4% 23 0% 493 4% Above 20 years 101 0% 592 4% 99 0% 594 4% - - Breakdown by type of the issurer - - a. Central Government 11235 31% 2,793 21% 11316 32% 2,821 21% b. State Government 1001 3% 122 1% 1013 3% 122 1% c.corporate Securities 24017 66% 10,333 78% 23520 66% 10,332 78% Page 23 of 45
PERIODIC DISCLOSURES FORM L-29 Detail regarding debt securities - Non Linked Fund Insurer: METLIFE INDIA INSURANCE COMPANY LIMITED Date: 31/03/09 As at 31 March 2009 (Rs in Lakhs) Detail Regarding debt securities MARKET VALUE as % of total for this class as at. Of the previous year as % of total for As at. this class as % of total for this class Book Value as at. Of the previous year as % of total for this class Break down by credit rating AAA rated 27,010 35% 17,515 31% 26668 36% 18,147 32% AA or better 61 0% 505 1% 61 0% 524 1% Rated below AA but above A 55 0% - 0% 55 0% - 0% Rated below A but above B - - - 0% - - - 0% Any other - Soverign 48,787 64% 36,201 64% 46429 63% 36,631 64% P1+ 484 1% 1,977 4% 484 1% 1,977 3% BREAKDOWN BY RESIDUALMATURITY Up to 1 year 5,705 7% 4,103 7% 5675 8% 4,103 7% more than 1 yearand upto 3years 1,454 2% 2,461 4% 1409 2% 2,491 4% More than 3years and up to 7years 6,258 8% 3,745 7% 6119 8% 3,875 7% More than 7 years and up to 10 years 18,237 24% 11,144 20% 18001 24% 11,414 20% More than 10 years and up to 15 years 16,013 21% 12,131 22% 15202 21% 12,320 22% More than 15 years and up to 20 years 7,387 10% 6,030 11% 6641 9% 5,968 10% Above 20 years 21,344 28% 16,585 30% 20651 28% 17,107 30% Breakdown by type of the issurer a. Central Government 35,213 46% 36,201 64% 33896 46% 36,631 64% b. State Government 13,574 18% - 0% 12533 17% - 0% c.corporate Securities 27,610 36% 19,998 36% 27269 37% 20,648 36%
L-30-Rel Par IRDA Periodic Disclosures FORM L-30 : Related Party Transactions PERIODIC DISCLOSURES Insurer: MetLife India Insurance Company Limited Date: 31/03/09 (Formerly MetLife India Insurance Company Private Limited) (Rs in Lakhs) Related Party Transactions Sl.No. For the year ended March 31, 2009 For the year ended March 31, 2008 1 The Jammu and Kashmir Bank Limited Shareholder a) Commission 1,924 1,714 b) Premises taken on Lease 6 16 c) Reimbursement 51 1 d) Proceeds against issue of /advance against equity share capital - 8,777 e) Fixed deposits/current account - - f) Interest received 8 - Shareholder 2 Name of the Related Party Metropolitian Life Insurance Co./MetLife International Holding Inc./MetLife Group Nature of Relationship with the Company Description of Transactions / Categories Amounts payable/paid a) Secondment Charges for the services of the Ex-Managing Director, Chief Financial Officer and Director Agency sales - 17 b) Peanut License fee 19 41 c) Information technology expenses (Includes provision of Rs 39077 (Previous year : Rs 52211) 567 522 d) Catastrophic Reinsurance - - e) Conference expenses/travel costs - 12 Amounts receivable/received - - a) Travel, Staff benefits and others 432 207 b) Proceeds against issue of /advance against equity share capital 8,840 15,600 3 Shareholder Proceeds against issue of /advance M. Pallonji & Company Private Limited against equity share capital 11,621 2,188 4 Shareholder Proceeds against issue of /advance M. Pallonji Enterprises Private Limited against equity share capital 7,010 5,813 5 RGA Americas Reinsurance Company Limited Associate Company of a Shareholder Reinsurance Premium 454 292 6 Rajesh Relan Managing Director Managerial Remunaration 100 100 Page 25 of 45
L-31-BOD IRDA Periodic Disclosures FORM L-31LNL - 6 : Board of Directors & Key Person PERIODIC DISCLOSURES Insurer: MetLife India Insurance Company Limited Date: 31/03/09 (Formerly MetLife India Insurance Company Private Limited) BOD and Key Person information Sl. No. Name of person Role/designation Details of change in the period 1 Pheroze K Mistry Director 2 Mehli K Mistry Director 3 Kunal Kashyap Director upto 30.06.2008 4 Charles E Symington Director upto 30.06.2008 5 A R Fazili Director upto 27.06.2008 6 Tafazal Hussain Director upto 27.06.2008 7 Anil Kumar Poddar Alternate Director upto 30.06.2008 8 S K Bhat Director from 27.06.2008 9 A K Mehta Director from 27.06.2008 10 James Hom Director from 30.06.2008 11 Shailendra Ghorpade Director 12 V K Chopra Director from 14.08.2008 13 Dr Ashok Kumar Mittal Director from 14.08.2008 14 Surbhit Dabriwala Director 15 Rajesh Relan Chief Executive/Managing Director 16 Pankaj Raj Head of Marketing upto 29.08.2008 17 Vijaya Raghavan Head of Marketing from 03.10.2008 18 Phanesh M S V S Appointed Actuary 19 Sanjay Kumar Head of Investment 20 Biswajit Choudhury Head of Internal Audit 21 Nick Taket Chief Finance Officer upto 22.12.2008 22 K R Anil Kumar Head of Finance from 23.12.2008 Page 26 of 45
FORM L-32-SOLVENCY MARGIN - KT 3 (See Regulation 4) Insurance Regulatory and Development Authority (Actuarial Report and Abstract) Regulations, 2000. AVAILABLE SOLVENCY MARGIN AND SOLVENCY RATIO. 31ST March 2009 Form Code: Name of Insurer: MetLife India Insurance Co. Ltd. Registration Number:117 Classification Code: (Formerly MetLife India Insurance Company Private Limited) Classification: Item (1) 01 (2) Available Assets in Policyholders' Fund: Deduct: 02 Mathematical Reserves 03 Other Liabilities 04 Excess in Policyholders' funds 05 Available Assets in Shareholders Fund: Deduct: 06 Other Liabilities of shareholders fund 07 Excess in Shareholders' funds 08 Total ASM (04)+(07) 09 Total RSM Description Adjusted Value [Amount (in rupees lakhs)] (4) 303,647 263,430 38,702 1,515 25,747 25,747 27,262 11,993 10 Solvency Ratio (ASM/RSM) Certification: I, the Appointed Actuary, certify that the above statements have been prepared in accordance with the section 64VA of the Insurance Act, 1938, and the amounts mentioned therein are true and fair to the best of my knowledge. 2.27 Place: BANGALORE Name and Signature of Appointed Actuary Date: 31/03/09 Phanesh M S V S Notes 1. Item No. 01 shall be the amount of the Adjusted Value of Assets as mentioned in Form IRDA-Assets- AA as specified under Schedule I of Insurance Regulatory and Development Authority (Assets, Liabilities, and Solvency Margin of Insurers) Regulations, 2000; 2. Item No. 02 shall be the amount of Mathematical Reserves as mentioned in Form H; 3. Item Nos. 03 and 06 shall be the amount of other liabilities as mentioned in the Balance Sheet; 4. Items No. 05 shall be the amount of the Total Assets as mentioned in Form IRDA-Assets- AA as specified under Schedule I of Insurance Regulatory and Development Authority (Assets, Liabilities, and Solvency Margin of Insurers) Regulations, 2000.
FORM L-33-NPAs-7A COMPANY NAME & CODE: Metlife India Insurance Company Limited (Regd No - 117) Statement As on : 31st March 2009 Details of Investment Portfolio NAME OF THE FUND: LIFE FUND Periodicity of Submission : Quarterly CAT Code Company Code Instrument Type % Interest Rate Has there been revision? Total O/S (Book Value) Defaulty Principal (Book Defaulty Interest Value) (Book Value) Principal Due From Interest Due from Deferred Principal Deferred Interest Rolled over Has there been any Principal Waiver? Classification Provision(%) Provision(Rs) Board Approval Amount Ref ----------------------------N. A.---------------------------------
FORM L-33-NPAs-7A COMPANY NAME & CODE: Metlife India Insurance Company Limited (Regd No - 117) Statement As on : 31st March 2009 Details of Investment Portfolio Periodicity of Submission : Quarterly NAME OF THE FUND: PENSION, GENERAL ANNUITY & GROUP FUND CAT Code Company Code Instrument Type % Interest Rate Has there been revision? Total O/S (Book Value) Defaulty Principal (Book Defaulty Interest Value) (Book Value) Principal Due From Interest Due from Deferred Principal Deferred Interest Rolled over Has there been any Principal Waiver? Classification Provision(%) Provision(Rs) Board Approval Amount Ref ----------------------------N. A.---------------------------------
FORM L-33-NPAs-7A COMPANY NAME & CODE: Metlife India Insurance Company Limited (Regd No - 117) Statement As on : 31st March 2009 Details of Investment Portfolio Periodicity of Submission : Quarterly NAME OF THE FUND: LINKED FUND CAT Code Company Code Instrument Type % Interest Rate Has there been revision? Total O/S (Book Value) Defaulty Principal (Book Defaulty Interest Value) (Book Value) Principal Due From Interest Due from Deferred Principal Deferred Interest Rolled over Has there been any Principal Waiver? Classification Provision(%) Provision(Rs) Board Approval Amount Ref ----------------------------N. A.---------------------------------
FORM - 1 COMPANY NAME & CODE: Metlife India Insurance Company Limited (Regd No - 117) Statement As on : 31st March 2009 STATEMENT OF INVESTMENT AND INCOME ON INVESTMENT NAME OF THE FUND: LIFE FUND PERIODICITY OF SUBMISISSION : QUARTERELY (Rs. In Lakhs) NO. CATEGORY OF INVESTMENT Category Code INVESTMENT (Rs.)* Current Quarter INCOME ON INVESTMENT(Rs. GROSS )** YIELD(%)*** NET YIELD(%) **** INVESTMENT (Rs.)* Year to Date INCOME ON INVESTMENT(Rs. )** GROSS YIELD(%) *** NET YIELD(%)* *** INVESTMENT (Rs.)* Previous Year INCOME ON INVESTMENT( Rs.)** GROSS YIELD(%)* ** NET YIELD(%)* *** Central Government Securities Central Government Bonds CGSB 28438 572 2.01% 2.01% 26,580 2,116 7.96% 7.96% 27721 1723.90 6.22% 6.22% Deposit Under Section 7 of Insurance Act 1938 CDSS 995 23 2.28% 2.28% 994 83 8.31% 8.31% Treasury Bills CTRB 1510 11 0.71% 0.71% 775 11 1.39% 1.39% State Governmnet /Other Approved Securities Securities/Other Guaranteed Securities SGOA 12691 276 2.17% 2.17% 11,413 978 8.57% 8.57% 7721 366.23 4.74% 4.74% INVESTMENTS SUBJECT TO EXPOSURE NORMS (a) Housing & Loans to State Govt for Housing / FEE (b) Infrastructure Investments Infrastructure - Other Corporate Securities Debentures / Bonds ICTD 11222 306 2.73% 2.73% 8,280 633 7.65% 7.65% 7311 559.74 7.66% 7.66% Infrastructure - PSU - Debentures / Bonds IPTD 10076 191 1.90% 1.90% 8,878 473 5.33% 5.33% 10351 673.23 6.50% 6.50% ('c) Approved Investments Commercial Papers ECCP 816 52 6.42% 6.42% 799 1 0.16% 0.16% Deposits - Deposit with Scheduled Banks, FI's(incl. Bank Balance awaiting Investment), CCIL RBI ECDB 2800 4 0.14% 0.14% 2,372 35 1.46% 1.46% 4357 371.56 8.53% 8.53% Corporate Securities - Debentures ECOS 4091 101 2.47% 2.47% 3,849 570 14.81% 14.81% 531 5.95 9.68% 9.68% Deposits - CDs with Scheduled Banks EDCD 636 7 1.12% 1.12% 955 44 4.58% 4.58% (d) Other Investments Debentures OLDB 860 3 0.31% 0.31% 917 83 9.03% 9.03% 476 44.21 9.29% 9.29% Mutual Funds - Debt / Income / Serial Plans / Liquid Secemes OMGS 4885 139 2.84% 2.84% 3,965 377 9.50% 9.50% 2500 0.00 0.00% 0.00% TOTAL 79,020.82 1,684.52 69,776 5,402.56 60,968 3,745