Bajaj Allianz Life Insurance Annual Report 2014-2015

Transcription

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Management overview
PERFORMANCE AT A GLANCE
Message From The Managing Director & CEO | Board of Directors | Performance at a Glance
5
Management overview
66
Message From The Managing Director & CEO | Board of Directors | Performance at a Glance
7
88
Reports and reviews
DIRECTORS’ REPORT
for the financial year ended March 31st 2015
Your Company ended with a new business market share of 2.4%
for FY 2015 as compared 2.2% share in FY 2014. Within the private
sector, your Company maintained the fourth position and ended with
Your Directors have pleasure in presenting their Fourteenth Annual
a new business market share of 7.8% for FY 2015 as compared 8.8%
Report & audited financial statements for the financial year ended
share in FY 2014.
March 31, 2015.
Your Company’s expenses were lower by 10.7% at Rs. 1,346 crore for
1. The Life Insurance industry
FY 2015 down from Rs. 1,508 crore in FY 2014.
During the year, on the back of the improved GDP growth, lower
Your Company earned a profit after tax of Rs. 876 crore as compared
inflation and improved equity market performance the private
to the profit of Rs.1,025 crore in FY 2014. The accumulated profits
industry witnessed a rebound after witnessing de-growth for four
of your Company included under Reserves and Surplus stood at Rs.
consecutive years. The private industry grew by 18.0% for FY 2015 as
5,533 crore at March 31, 2015.
compared to de-growth of 4.1% in FY 2014. The private market share
was up from 24.6% in FY 2014 to 30.8% in FY 2015. After successfully
Investments
gaining market share over the past five years consecutively, LIC
The total funds under management as on March 31, 2015 were Rs.
experienced a decline in market share and ended with 69.2% market
43,554 crore which included shareholder investments of Rs. 7,187
share as against 75.4% of the share for FY 2015. The loss of market
crore, traditional policyholder investments of Rs. 14,722 crore and
share was on account of the 13.6% de-growth LIC witnessed on new
unit-linked investments of Rs. 21,645 crore. The total investments
business premium in FY 2015 as compared to a growth of 18.9% in
under management of your Company showed an increase of 12.3%
FY 2014.
in the year.
The industry as a whole had registered de-growth of 5.8% in FY 2015
The equity markets were buoyant through the year with the
as compared to a growth 12.3% in FY 2014.
benchmark indices crossing previous all-time highs. Your Company
During the current year, the government had introduced amendment
in the Insurance Act, 1938 by an ordinance issued on 26th
December 2014. Subsequently, the Parliament passed the Insurance
Amendment Bill thereby amending the Insurance Act, 1938. The Act
has also brought in many other changes which inter alia, included
has utilized the opportunity provided by these rising markets to
increase equity allocation in the traditional portfolio to maximize
returns. Your Company’s diversified equity funds have delivered
healthy returns and have outperformed the S&P CNX Nifty 50 index
during the year.
major reforms in claims settlement, digitization of insurance policies,
Debt markets also delivered good returns with a secular decline
agent licensing process and agent commission, opening the Indian
in interest rates in the year. Macro economic fundamentals have
market for foreign reinsurers by setting up branch offices in India, etc.
continued to improve with India being well poised at a cusp of a
Overall, the insurance industry is once again set to align its operations
for a better customer experience as well as achieve greater degree of
recovery and we remain optimistic on the prospects of the capital
market in the coming year.
compliance to the legal and regulatory framework.
Products
2. Summary of operations for the year
Further to new product regulations (Linked & Non-linked Regulation,
Business Performance
FY 2015 ended at a very positive note for your Company. Your
Company registered a 3.0% growth in gross written premium (GWP)
after de-growth for four consecutive years. This growth was backed
by a growth in both new business and renewal premium. New
business premium for your Company for FY 2015 was Rs. 2,702 crore
2013), your Company’s product portfolio underwent significant
changes. As on March 31, 2015, your Company had 10 group plans
and 12 individual plans in its product basket apart from 8 riders.
Within individual business, unit linked premium contributed 53.1% of
the NB premium for FY2015, compared to 19.4% in the corresponding
period of previous year.
as compared to Rs. 2,592 crore in FY 2014, a growth of 4.2%. The
renewal premium for your Company ended with a growth of 2.0%
but this was after a decline in renewal premium experienced by the
Company over four consecutive years. Renewals for FY 2015 were
Rs. 3,315 crore as compared to Rs. 3,251 crore for FY 2014. GWP for
FY2015 was Rs. 6,017 crore as compared to Rs. 5,843 crore for FY
2014.
Directors’ Report | Secretarial Audit Report | Management Discussion and Analysis
7
Reports and reviews
Customer Service
Credit Rating
During the year, your Company has continued to further strengthen
in its relationship with its customers. Your Company’s robust
complaint management system which delves into the root-cause
of complaints and actions taken has resulted in a reduction of
operational complaints by over 60%. By improving the level of
automation in processes of grievance handling and policy servicing,
your Company has been able to improve turnaround times as
compared to the last financial year.
Your Company has been rated as ‘AAA’ by CARE Ratings for its
claims paying ability/Financial Strength.
Your Company’s 13th month persistency has improved by 6%
over last year’s performance indicating improvement in customer
retention. Your Company has taken additional steps to introduce
convenient options for renewal premium payments and registering
servicing requests for its customers in tie-up with banks, Serviceon-Wheels at select locations and payment through Interactive
Voice Recorders. The “Wave Application” on mobile platforms for
renewals and new business collection was launched towards the
end of the year.
“Best Life Insurance Company in the Private Sector” by ABP
News BFSI awards
Your Company engages with customers in different ways during
different stages of the life cycle of a policy through a customer
contact programme covering advance renewal intimation, grace
period notification, and lapsed policy revival facilities, among
others. Renewal notices are sent in English, Hindi and 12 other
languages as per customer’s preference. A special revival campaign
was also conducted during the year to increase persistency.
Death claims intimated/booked (Individual and Group) during the
current year and previous year are as below:
FY2014
Your Company won several awards during the year, some of which
are highlighted below:
“Promising Brand of the Year 2015” by the Economic Times
Contribution towards financial literacy in the Corporate Social
Responsibility category in the BFSI Vision Editors’ Choice
awards.
Best Life Insurance Company – Private Sector in the Lokmat
BFSI awards 2014
SKOCH Financial inclusion and deepening award 2014 in the
Platinum category for excellence in life insurance.
Claims Service Company of the year 2014 in the India
Insurance awards 2014.
3.1 Capital and Net Worth
The total funds infused by the shareholders in your Company
remains Rs. 1,211 crore. The net worth of your Company at March
31, 2015 was Rs. 6,749 crore as against Rs. 5,871 crore at March 31,
2014. Your Company had no accumulated losses as at March 31,
2015.
FY2015
Particulars
No. of
Amount
No. of
Amount
Policies
(Rs. crs)
Policies
(Rs. crs)
22,626
724
20,107
814
Claims settled
21,671
651
18,996
737
Repudiated
1,506
78
1,068
68
Claims
Awards and recognitions
intimated/
Your Company maintained very high levels of solvency throughout
the year, which provides policyholders with a high degree of
comfort when dealing with your Company. The solvency ratio as
at March 31st 2015 stands at 761% which is well in excess of the
required solvency margin of 150%.
booked
3.2 IRDAI registration
Note: The above includes only Death claims and Accidental benefit
riders and does not include surrender benefits and withdrawals. In
case of Group claims number of schemes have been considered as
number of policies.
Your Company has paid to the Insurance Regulatory and
Development Authority of India (IRDAI) the annual fees for FY
2016 as specified by the IRDA (Registration of Indian Insurance
Companies) Regulations, 2000. Section 3A of the Insurance Act,
1938 has been amended by the Insurance Laws (Amendment)
Act, 2015 under which the requirement for annual renewal of
registration has been done away with.
Recognition & Awards
4. Extract of the Annual Return
As one of the leading private life insurers, your Company has been
recognized for its financial stability, excellence in claim settlement
and best practices in overall operations. Your Company received
the following accolades during FY2015:
The extract of Annual Return as provided under Section 92(3) of the
Companies Act, 2013, in the prescribed Form MGT- 9 is annexed to
this report.
88
Reports and reviews
5. Number of meetings of the Board
9. Material changes and commitments
The Board of Directors met 6 times during the year, detailed
information about dates of meetings and attendance of Directors
thereat is given in the Corporate Governance Report annexed to this
report.
There have been no material changes or commitments affecting the
financial position of the Company, which have occurred between
the end of financial year of the Company and the date of this report.
6. Directors’ responsibility statement
In accordance with the requirements of Section 134(3)(c) of the
Companies Act, 2013 (the Act), the Board of Directors wishes to
confirm that:
(a) in the preparation of the annual accounts, the applicable
accounting standards have been followed along with proper
explanation relating to material departures;
(b) the Directors have selected such accounting policies and
applied them consistently and made judgments and estimates
that are reasonable and prudent so as to give a true and fair view of
the state of affairs of the Company as at March 31, 2015 and of the
profits of the Company for that period;
(c) the Directors have taken proper and sufficient care for the
maintenance of adequate accounting records in accordance with
the provisions of the Act for safeguarding the assets of the Company
and for preventing and detecting fraud and other irregularities;
(d) the annual accounts have been prepared on a going concern
basis;
(e) the Directors have devised proper systems to ensure compliance
with the provisions of all applicable laws and that such systems are
adequate and operating effectively.
7. Directors’ remuneration policy
Policy on Directors’ appointment and remuneration, including
criteria for determining qualifications, positive attributes,
independence of a Director and other matters provided under
Section 178(3) of the Companies Act 2013 is given as annexure to
this report.
8. Related party transactions
All related party transactions entered during financial year under
review were on arm’s length basis and were in the ordinary course
of business. There were no material contracts or arrangement or
transactions at arm’s length basis that needs to be disclosed in Form
AOC-2 as required under the Companies Act 2013 during the year
under review.
10. Conservation of Energy and Technology absorption
The Company, being an Insurance Company, does not have any
manufacturing activity. The Directors, therefore, have nothing to
report on conservation of energy and technology absorption.
11. Foreign exchange earnings and expenditure
Earnings in foreign currency
Expenditure in foreign currency
: Rs. Nil
: Rs. 28 crore
12. Risk management policy
A statement indicating development and implementation of risk
management policy for the Company including identification
therein of elements of risk, if any, which in the opinion of the Board
may threaten the existence of the Company has been given in the
Corporate Governance Report annexed to this report.
13. Corporate social responsibility
Report on Corporate Social Responsibility Policy developed and
implemented by the Company and CSR initiatives taken during the
year pursuant to Section 134 and Section 135 of the Companies Act,
2013 is given in annexure to this report.
14. Performance evaluation of the Board, its Committees and
Directors
In accordance with Section 134(3)(p) of the Companies Act 2013,
formal annual performance evaluation of the Board, its Committees
and the Directors individually has been carried out in the following
manner:
(a) Rating sheets were filled by each of the Directors with regard
to evaluation of performance of the Board, its Committees and
individual Directors (except for the Director being evaluated) for
the year under review.
(b) A consolidated summary of the ratings given by each of
the Directors was then prepared, based on which a report of
performance evaluation was prepared by the Chairman in respect
of the performance of the Board, its Committees and Directors
individually.
(c) The report of performance evaluation so arrived at was then
discussed by the Nomination and Remuneration Committee and
Board at their meetings held on May 15th 2015.
9
Reports and reviews
15. Directors and key managerial personnel
Mr. Sanjay Asher, Mr. S H Khan, Mr. Suraj Mehta and Mr. Manu
Tandon, existing Independent Directors were appointed as
Independent Directors pursuant to Companies Act, 2013 at the
extraordinary general meeting (EGM) of the Company for a term
of 5 years effective 6th March 2015. At the said EGM, Mrs. Lila
Poonawalla was also appointed as an Independent Women Director
of the Company for a term of 5 years effective 6th March 2015.
The Independent Directors have submitted declarations stating
that they meet the criteria of independence as provided in Section
149(6) of the Companies Act, 2013.
Pursuant to Section 203 of the Companies Act, 2013, Mr. Ramandeep
Singh Sahni has been appointed as Chief Financial Officer of the
Company in place of Mr. Rajesh Viswanathan effective 1st August
2014 who has since resigned.
In light of the provisions of the Companies Act, 2013, Mr. Manuel
Bauer and Mr. Ranjit Gupta, Directors, retire by rotation at the
ensuing Annual General Meeting and, being eligible, have offered
themselves for reappointment.
20. Corporate governance
A report on compliance with the Corporate Governance Guidelines
for insurance companies issued by IRDAI (Corporate Governance
Report) is annexed to this report along with a certificate from the
Company Secretary.
21. Composition of Committees
These details are provided in the Corporate Governance Report
annexed to this report.
22. Establishment of vigil mechanism
The Company has established a vigil mechanism in the form of
Whistle Blowing Committee for the employees to raise concerns
internally about possible irregularities, governance weaknesses,
financial reporting issues or other such matters of irregularities.
The said vigil mechanism provides adequate measures to
safeguard the persons who take recourse to such vigil mechanism
and in appropriate cases, the concerned person may approach
the Chairperson of the Audit Committee. The Audit Committee
oversees the vigil mechanism of the Company.
23. Auditors
16. Significant and material orders passed by the Regulators or
Courts
There were no significant and material orders passed by the
Regulators or Courts or Tribunals during the year under review
impacting the going concern status of your Company and it’s
operations in future.
17. Adequacy of Internal Financial Controls
Internal financial controls with reference to the financial statements
were adequate and operating effectively.
Statutory auditors
M/s. S R Batliboi & Co. LLP, Chartered Accountants and M/s. Kirtane
& Pandit LLP, Chartered Accountants, the Joint Statutory Auditors
of the Company, hold office up to the conclusion of the ensuing
annual general meeting of the Company. The Board of Directors
recommends re-appointment and fixing of remuneration of M/s.
S R Batliboi & Co. LLP, Chartered Accountants and M/s. Kirtane &
Pandit LLP, Chartered Accountants as the joint statutory auditors
of the Company from conclusion of the ensuing Annual General
Meeting till conclusion of the next Annual General Meeting.
18. Particulars of employees
Secretarial auditor
As required by the provisions of Rule 5(2) of the Companies
(Appointment and Remuneration of Managerial Personnel) Rules,
2014, the names and other particulars of the employees are set
out in the annexure to this report. This report and accounts are
being sent to shareholders excluding the said information. Any
shareholder interested in obtaining such information may write to
the Company Secretary at the registered office of the Company for
a copy thereof.
Pursuant to the provisions of Section 204 of the Companies Act
2013 read with Companies (Appointment and Remuneration of
Managerial Personnel) Rules 2014, the Company has appointed Mr.
Shyamprasad Limaye (Membership No. 1587), Company Secretary
in Practice to undertake the Secretarial Audit of the Company. The
Secretarial Audit report for the financial year ended on March 31st
2015 is annexed to the report.
19. Disclosure under the Sexual Harassment of Women at
Workplace (Prevention, Prohibition and Redressal) Act, 2013
During the year under review, 3 cases were filed pursuant to the
Sexual Harassment of Women at Workplace (Prevention, Prohibition
and Redressal) Act, 2013. All three cases were investigated out of
which 2 have been withdrawn and 1 not substantiated.
1010
Reports and reviews
24. Appreciation & Acknowledgment
The Board is grateful to the IRDAI and other regulatory authorities
for their continued support.
Your Company’s performance during the year would not have been
possible without the commitment and hard work of the employees.
Your Directors take this opportunity to thank the promoters, Bajaj
Finserv Limited and Allianz SE for providing strategic direction to
and guidance in the working of the Company.
On behalf of the Board of Directors, we thank your Company’s
policyholders, intermediaries and reinsurers for reposing their
unstinted faith in your Company and we are confident of continuing
to deliver value to all our stakeholders.
For and on behalf of the Board of Directors of
Bajaj Allianz Life Insurance Company Limited
Sanjiv Bajaj
Chairman
Date : May 15, 2015
Place : Pune
11
Reports and reviews
Annexure to the Directors’ Report for the year ended March 31, 2015
Extract of Annual Return (Form No. MGT. 9)
As on the financial year ended on 31st March 2015
[Pursuant to section 92(3) of the Companies Act, 2013 and Rule 12 (1) of the Companies (Management and Administration) Rules, 2014]
I. Registration and other details
i.
ii.
iii.
iv.
v.
vi.
vii.
Corporate Identification Number (CIN):- U66010PN2001PLC015959
Registration Date:- 12th March 2001
Name of the Company:- Bajaj Allianz Life Insurance Company Limited
Category /Sub-Category of the Company: Public Company Limited by shares having a share capital
Address of the Registered office and contact details:- GE Plaza, Airport Road, Yerawada, Pune – 411 006, Tel : 020 - 66026777
Whether listed company:- No
Name, Address and contact details of Registrar and Transfer Agent, if any. – Not Applicable
II. Principal business activities of the Company
All the business activities contributing 10% or more of the total turnover of the Company.
Sr. No.
Name and Description of main products / service
1
NIC Code of the Product / Service
Life Insurance
% to total turnover of the Company.
65110
100%
III. Particulars of holding, subsidiary and associate Companies
Holding / Subsidiary /
Sr. No.
Name and Address of the Company
CIN / GLN
% of shares held
Applicable Section
Associate
1
Bajaj Finserv Limited
CIN: L65923PN2007PLC130075
Holding Company
74%
2(46)
Bajaj Auto Limited Complex, Mumbai-Pune Road,
Pune – 411 035
IV. Share holding pattern (equity share capital breakup as percentage of total equity)
i. Category-wise Share Holding
No. of Shares held at the beginning of the year
Categories of Shareholders
No. of Shares held at the end of the year
% of Total
Demat
Physical
Total
% of Total
Demat
Physical
Total
Shares
% change during
the year
Shares
A. Promoters
(1) Indian
Nil
111,524,660
111,524,660
74%
Nil
111,524,660
111,524,660
74%
0%
Nil
111,524,660
111,524,660
74%
Nil
111,524,660
111,524,660
74%
0%
Nil
39,184,340
39,184,340
26%
Nil
39,184,340
39,184,340
26%
0%
Nil
39,184,340
39,184,340
26%
Nil
39,184,340
39,184,340
26%
0%
Nil
150,709,000
150,709,000
100%
Nil
150,709,000
150,709,000
100%
0%
B. Public Shareholding
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
1. Institutions
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Sub-total (B)(1):-
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
2. Non-Institutions
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Sub-total (B)(2):-
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
15,07,09,000
15,07,09,000
100%
Nil
15,07,09,000
15,07,09,000
100%
0%
a) Bodies Corporate
Sub-total (A) (1):(2) Foreign
b) Bodies Corporate
Sub-total (A) (2):Total shareholding of Promoter
(A) = (A)(1)+(A)(2)
Total Public Shareholding
(B)=(B)(1)+ (B)(2)
C. Shares held by Custodian for
GDRs & ADRs
Grand Total (A+B+C)
1212
Reports and reviews
ii. Shareholding of Promoters
Shareholding at the beginning of the year
Shareholding at the end of the year
%of Shares
Sr
Shareholder’s
No
Name
% of total Shares
Pledged /
of the Company
encumbered to
No. of Shares
%of Shares
% change in
% of total Shares
Pledged /
shareholding
of the Company
encumbered to
during the year
No. of Shares
total shares
1
2
Allianz SE
Bajaj Finserv Limited jointly
3
with Mr. Rahul Bajaj
4
with Mr. Niraj Bajaj
5
with Mr. Sanjiv Bajaj
6
with Mr. Ranjit Gupta
7
with Mr. Kevin D’Sa
8
with Mr. J Sridhar
Total
total shares
111,524,060
73.9996%
0%
111,524,060
73.9996%
0%
0%
39,184,340
26%
0%
39,184,340
26%
0%
0%
100
0.0001%
0%
100
0.0001%
0%
0%
100
0.0001%
0%
100
0.0001%
0%
0%
100
0.0001%
0%
100
0.0001%
0%
0%
100
0.0001%
0%
100
0.0001%
0%
0%
100
0.0001%
0%
100
0.0001%
0%
0%
100
0.0001%
0%
100
0.0001%
0%
0%
150,709,000
100%
0%
150,709,000
100%
0%
0%
iii. Change in Promoters’ Shareholding – No Change
iv. Shareholding Pattern of top ten Shareholders (other than Directors, Promoters and Holders of GDRs and ADRs) - All shares are held by
promoters as mentioned in (ii) Shareholding of Promoters above.
v. Shareholding of Directors and Key Managerial Personnel: Apart from the Joint shareholding of the Directors mentioned in point IV (ii) above,
no other Director or Key Managerial Personnel holds any shares in the Company.
V. Indebtedness
Indebtedness of the Company including interest outstanding/accrued but not due for payment: Nil
VI. Remuneration of Directors and key managerial personnel
A. Remuneration to Managing Director, Whole-time Directors and/or Manager:
( Rs.’ 000)
Name of MD/WTD/Manager
Sr
Particulars of Remuneration
No
1
Anuj Agarwal
Total Amount
Managing Director & CEO
Gross salary
(a) Salary as per provisions contained in section 17(1) of the Income-tax Act, 1961
(b) Value of perquisites u/s 17(2) Income-tax Act, 1961
15,157
15,157
1,101
1,101
(c) Profits in lieu of salary under section 17(3) Income Tax Act, 1961
Nil
Nil
2
Stock Option
Nil
Nil
3
Sweat Equity
Nil
Nil
4
Commission
Nil
Nil
5
Others, please specify
Total
Nil
Nil
16,258
16,258
13
Reports and reviews
B. Remuneration to other Directors:
( Rs.’ 000)
Sr
Name of Directors
No
Independent Directors
S H khan
Sanjay Asher
Suraj Mehta
Total Amount
Manu Tandon
690
350
220
290
1,550
• Commission
Nil
Nil
Nil
Nil
Nil
• Others, please specify
Nil
Nil
Nil
Nil
Nil
690
350
220
290
1,550
4. Other Non-Executive Directors
Nil
Nil
Nil
Nil
Nil
Total (2)
Nil
Nil
Nil
Nil
Nil
690
350
220
290
1,550
Total Managerial Remuneration
Nil
Nil
Nil
Nil
Nil
Overall Ceiling as per the Act
NA
NA
NA
NA
NA
• Fee for attending board / committee meetings
Total (1)
Total (B)=(1+2)
C. Remuneration to key managerial personnel other than MD/Manager/WTD
( Rs.’ 000)
Name of Key Managerial Personnel
Ramandeep Singh
Sl.
Rajesh Viswanathan
Sameer Bakshi
Sahni
Total Amount
Chief Financial Officer *
Company Secretary
Chief Financial Officer**
1
Gross salary
(a) Salary as per provisions
contained in section 17(1) of
7,829
6,256
3,359
17,445
13
306
66
385
-
-
-
-
the Income-tax Act, 1961
(b) Value of perquisites u/s
17(2) Income-tax Act, 1961
(c) Profits in lieu of salary
under section 17(3) Income-tax Act, 1961
2
Stock Option
-
-
-
-
3
Sweat Equity
-
-
-
-
4
Commission
-
-
-
-
-
-
-
-
7,842
6,563
3,425
17,830
- as % of profit
- others, specify…
5
Others, please specify
Total
* Resigned with effect from July 31, 2014
** Appointed as CFO with effect from August 1, 2014
D. PENALTIES / PUNISHMENT/ COMPOUNDING OF OFFENCES (Under Companies Act 2013): Nil
1414
Reports and reviews
Report on Corporate Governance
The Corporate Governance Guidelines dated 5th August 2009 (the
Guidelines) for the insurance companies issued by Insurance Regulatory and Development Authority of India (IRDAI) outlines the framework of corporate governance policies and practices followed at the
Company.
Board of Directors
The Board of Directors consists of 12 Directors, which includes 5 Independent Directors. The CEO of the Company, as the Managing Director, is executive member of the Board of Directors. The Chairman
of the Company and all other Directors are Non-executive Directors
and none of the Independent Directors are close relatives of any other
Director or employee of the Company. The list of Directors as on 31st
March 2015 and other major offices held by them is mentioned elsewhere in this Annual Report.
1. Mr. Sanjiv Bajaj, Chairman, is a Mechanical Engineer, has done M Sc
from University of Warwick, UK and MBA from Harvard Business School,
USA. He is currently the Managing Director of Bajaj Finserv
Limited.
2. Mr. Rahul Bajaj, Director, is an Honors graduate in Economics and
Law and MBA from Harvard Business School. He is considered as one of
the most successful business leaders of India and heads the
Bajaj Group of Companies.
3. Mr. Manuel Bauer, Director, has done Mechanical Engineering from
Technical Engineering College in Vienna. He is a Board member of Management of Allianz SE, Munich since 2011.
4. Mr. Sanjay Asher, Independent Director, is a Commerce and Law
Graduate from Mumbai University and a fellow member of the Institute
of Chartered Accountants of India. Mr. Sanjay Asher is a Partner of M/s.
Crawford Bailey & Co. and was an invitee to the Department of Disinvestment’s Committee for standardizing the transaction documents in
relation to privatization of the public sector enterprises.
5. Mr. Niraj Bajaj, Director, has done his B. Com. from Sydenham College of Commerce & Economics, Mumbai and Masters in Business
Administration from Harvard Business School, USA. He has been CoChairman of Mukand Ltd since July 14, 2007 and serves as its Managing
Director. Mr. Niraj Bajaj is one of the Promoters of the Bajaj Group.
6. Mr. Kamesh Goyal, Director, is Head of Group Planning and Controlling, Allianz SE. He is a science and law graduate and has also done MBA
from Faculty of Management Studies, Delhi University. Earlier, he has
been a CEO of Bajaj Allianz General Insurance Company Limited and
Bajaj Allianz Life Insurance Company Limited.
7. Mr. Ranjit Gupta, Director, who is currently working as President –
Insurance, at Bajaj Finserv Limited, has Master’s Degree in Mechanical
& Electrical Engineering from the Indian Railway Institute of Mechanical & Electrical Engineers.
8. Mr. S H Khan, Independent Director, has a Master’s Degree in Commerce and is the former Chairman and Managing Director of IDBI and
by virtue of his long association with IDBI, possesses deep knowledge
of Indian Industry and Finance. During his tenure as Chairman of IDBI,
he was responsible for promotion of capital market institutions such
as the National Stock Exchange, National Securities Depository and the
rating Company CARE. He is also on the Board of Bajaj Finserv Limited
as an Independent Director.
9. Mr. Suraj Mehta, Independent Director, who has honors in Economics, also serves as Non-Executive Independent Director of BPL Limited.
Mr. Mehta has held key management positions in India and abroad
with ANZ Grindlays Bank till the year 1994. He was the Chief Executive Officer of Dresdner Bank AG in India and was the Geographic Head
for the group’s four businesses which included Investment, Banking;
Securities Broking and Software Development. He has also worked as
the Chief Executive Officer of NABIL Bank Limited, the private sector
bank in Nepal.
10. Mrs. Lila Poonawalla, Independent Director, is the Chairperson of
Lila Poonawalla Foundation and also former CMD of Alfa Laval-Tetra
Pak India. She is the Chairperson of the Board of Governors of Indian
Institute of Technology, Ropar. Mrs. Poonawalla has Bachelor’s Degree
in Mechanical Engineering from COEP, Pune. She has been presented
the “Padmashree” award in 1989, Royal order of the Polar star from
the King of Sweden along with numerous other national and international awards.
11. Mr. Manu Tandon, Independent Director, is a Commerce graduate and Chartered Accountant, England & Wales. He retired in 2008
as Managing Director Elantas Beck India Ltd Pune, subsidiary of Altana
AG, Germany. He was Director, Finance & Corporate Affairs, BASF India
Ltd, Mumbai from 1983 till 1996. He was the Chairman of Pune Zonal
Council, Confederation of Indian Industry (CII) and also the Chairman
of CII National Council for Chemicals Fertilizers & Petrochemicals.
12. Mr. Anuj Agarwal, Managing Director, has a Bachelors degree in
Electronics & Communications. He has also done Masters of Management Studies in Finance from University of Bombay. He was associated
with Bajaj Allianz Life Insurance Company Limited from Inception of
the Company till the year 2004 and held the position of Vice President
– Finance in 2004. He has held senior positions as Chief Financial Officer, SBI Life Insurance Company Limited from 2007 till 2009 and Chief
Financial Officer/Chief Risk Officer with the Allianz Group in Egypt and
Indonesia.
Meetings of the Board of Directors
Mr. Sanjay Asher, Mr. S H Khan, Mr. Suraj Mehta, Mrs. Lila Poonawalla
and Mr. Manu Tandon have been appointed as an Independent Directors under the Companies Act 2013 for a period of five consecutive
years, w.e.f. 6th March 2015 to 5th March 2020.
During the year 2014-15, the Board of Directors met 6 (Six) times on
10th May 2014, 12th July 2014, 23rd September 2014, 11th October
2014, 12th January 2015 and 5th March, 2015. Following table sets out
the details of attendance of Directors at the Board meetings.
15
Reports and reviews
Name of
Director
Mr. Sanjiv Bajaj
Category
Meetings
attended
Sitting Fees
(Amt in Rs.)
Chairman
6/6
NIL
Mr. Manuel Bauer
Director
3/6
NIL
Mr. Sanjay Asher
Independent Director
3/6
1,50,000/-
Mr. Niraj Bajaj
Director
2/6
NIL
Mr. Rahul Bajaj
Director
5/6
NIL
Mr. Kamesh Goyal
Director
5/6
NIL
Mr. Ranjit Gupta
Director
6/6
NIL
Mr. S H Khan
6/6
2,70,000/-
Mr. Suraj Mehta
5/6
2,20,000/-
Mrs. Lila
Poonawalla*
0/0
NIL
Mr. Manu Tandon
5/6
2,20,000/-
Mr. Anuj Agarwal
MD & CEO
6/6
NIL
Name of Member
Category
Meetings
Sitting Fees
Attended
(Amt in Rs)
Independent
Mr. S H Khan
Director
Independent
Mr. Sanjay Asher
Director
Independent
Mr. Suraj Mehta*
1,70,000/-
3/4
1,50,000/-
0/0
Director
Mrs. Lila
4/4
Independent
0/0
Poonawalla*
Director
Mr. Sanjiv Bajaj
Director
4/4
-
Mr. Ranjit Gupta**
Director
4/4
-
Mr. Manuel Bauer
Director
2/4
-
Mr. Kamesh Goyal**
Director
3/4
-
* Appointed as an Independent Director w.e.f. 6th March 2015
* - Appointed as a member w.e.f. 6th March 2015
Committees of the Board of Directors
** - Ceased to be a member w.e.f. 5th March 2015
Constitution & Composition
Investment Committee
Audit Committee, Investment Committee, Risk Management
Committee, Policyholders’ Protection Committee and With Profit
Committee, which are mandatorily required under the Guidelines, have
been constituted in accordance with the requirements set out therein.
Further, the Company has also formed Corporate Social Responsibility
Committee and Nomination and Remuneration Committee of the
Board of Directors as required pursuant to Section 135 and Section 178
of the Companies Act, 2013 respectively.
The Investment Committee establishes the Investment Policy and
Audit Committee
being the other Director members thereof. Mr. Ramandeep Singh
The Audit Committee of the Board of Directors oversees the periodic
financial reporting before submission to the Board and disclosure
processes, functioning of the Internal Audit Department and reviews
its plans and reports on a quarterly basis. The Audit Committee is
directly responsible for the recommendation of the appointment,
remuneration, performance and oversight of the work of the Internal,
Statutory and Concurrent Auditors. The senior management personnel
are invited to the meetings of the Audit Committee, along with the
Head of Internal Audit, who presents his report to the Committee at
every meeting thereof.
Sahni, Chief Financial Officer, Mr. Sampath Reddy, Chief Investments
During the year under review, the Audit Committee was re-constituted
as required by Section 177 of the Act. Mr. S H Khan, an Independent
Director, is the Chairman of the Audit Committee, with Mr. Sanjay
Asher, Mr. Suraj Mehta, and Mrs. Lila Poonawalla, Independent
Directors, Mr. Sanjiv Bajaj and Mr. Manuel Bauer being other members
thereof. All the members of the Audit Committee are Non-executive
Directors, with majority of them being Independent Directors.
The Audit Committee met four times during the year on 10th May
2014, 12th July 2014, 11th October 2014 and 12th January 2015.
Following table sets out the particulars of attendance of members of
the Committee at various meetings:
1616
operational framework for the investment operations of the Company.
It periodically reviews the Investment policy based on the investment
performance and the evaluation of dynamic market conditions and
places it before the Board of Directors for approval.
Mr. Kamesh Goyal is the Chairman of the Investment Committee, with
Mr. Sanjiv Bajaj, Mr. Ranjit Gupta and Mr. Anuj Agarwal, MD & CEO
Officer and Mr. Saisrinivas Dhulipala, Appointed Actuary, are also
members of the Investment Committee. The Chief Risk Officer is also
invited to the Investment Committee meetings.
The Investment Committee met four times during the year on 9th
May 2014, 11th July 2014, 10th October 2014 and 9th January 2015.
Following table sets out the particulars of attendance of members of
the Investment Committee at various meetings:
Name of Director
Category
#
Mr. Kamesh Goyal
Director
3/4
Mr. Manuel Bauer*
Director
0/4
Mr. Sanjiv Bajaj
Director
4/4
Mr. Ranjit Gupta
Director
4/4
Mr. Anuj Agarwal
MD & CEO
4/4
CFO
2/2
Mr. Ramandeep Singh
Sahni**
Meetings Attended
Mr. Rajesh Viswanathan***
CFO
2/2
Mr. Sampath Reddy
CIO
4/4
Mr. Saisrinivas Dhulipala
AA
4/4
Reports and reviews
- Mr. Kamesh Goyal participated meetings as an alternate member to
Mr. Manu Tandon, Independent Director, is the Chairman of the With
Mr. Manuel Bauer till 9th January 2015 and he has been appointed as
Profit Committee, with Mr. Anuj Agarwal, MD & CEO, Mr. Saisrinivas
Chairman of the Committee w.e.f. 12th January 2015.
Dhulipala, Appointed Actuary and Mr. M G Diwan, Independent Actuary
#
* - Mr. Manuel Bauer ceased to be a member w.e.f. 12th January 2015.
** - Mr. Ramandeep Singh Sahni has been appointed as a Chief Financial
Officer in place of Mr. Rajesh Viswanathan w.e.f. 1st August 2014.
*** - Mr. Rajesh Viswanathan ceased to be a Chief Financial Officer of
the Company w.e.f. 31st July 2014.
Policyholders’ Protection Committee
being the other members thereof.
The With Profit Committee met on 11th March 2015 during the year.
Following table sets out the particulars of attendance of members of the
With Profit Committee at the meeting:
Name of Director
Mr. Manu Tandon
The Policyholders’ Protection Committee of the Board of Directors,
Mr. Anuj Agarwal
has the responsibility to put in place proper procedures and effective
Mr. Saisrinivas
mechanism to address complaints and grievances of policyholders
Dhulipala
including mis-selling by intermediaries and to ensure compliance
with the statutory requirements. It reviews the Grievance Redressal
Mr. M G Diwan
Category
Meetings
Sitting Fees
Attended
(Amt in Rs)
Independent
1/1
70,000/-*
MD & CEO
1/1
Nil
AA
1/1
Nil
1/1
Nil
Director
Independent
Actuary
Mechanism and the status of complaints at periodic intervals.
* Includes sitting fees of Rs, 20,000/- paid for a meeting held in last financial
Mr. Sanjiv Bajaj is the Chairman of the Policyholders’ Protection
year.
Committee, with Mr. Kamesh Goyal, Mr. Ranjit Gupta, and Mr. Anuj
Agarwal, MD & CEO, being the other members thereof. The Chief
Financial Officer, is also invited to meetings of the Policyholders’
Protection Committee.
Nomination and Remuneration Committee
As required by the Section 178 of the Companies Act, 2013, the Company has
formed the Nomination and Remuneration Committee, with responsibility
The Policyholders’ Protection Committee met four times during the
to identify persons who are qualified to become Directors and who may be
year on 9th May 2014, 11th July 2014, 10th October 2014 and 9th
appointed in senior management in accordance with the criteria laid down
January 2015. Following table sets out the particulars of attendance
and to formulate the criteria for determining qualifications, positive attributes
of members of the Policyholders’ Protection Committee at various
and independence of a Director.
meetings:
Mr. S H Khan, Independent Director is the Chairman of the Nomination and
Remuneration Committee, with Mr. Sanjay Asher, Independent Director, Mr.
Name of Director
Category
Meetings
Mr. Sanjiv Bajaj
Director
4/4
Mr. Manuel Bauer*
Director
0/4
Mr. Ranjit Gupta
Director
4/4
The Nomination and Remuneration Committee met twice during the year on
Mr. Kamesh Goyal**
Director
3/4
12th July 2014 and 5th March 2015. Following table sets out the particulars
MD & CEO
4/4
Mr. Anuj Agarwal
Sanjiv Bajaj , Director and Mr. Kamesh Goyal, Director of the Company, being
the other members thereof.
of attendance of members of the Nomination and Remuneration Committee
at various meetings:
* Mr. Manuel Bauer ceased to be a member w.e.f. 12th January 2015.
Name of Director
** Mr. Kamesh Goyal participated as an alternate member to Mr. Manuel
Bauer till 9th January 2015 and he has been appointed as member of the
Mr. S H Khan
Committee w.e.f. 12th January 2015 in place of Mr. Manuel Bauer.
Mr. Sanjay Asher
With Profit Committee
As required by the IRDA (Non-linked Insurance Products) Regulations,
Meetings
Sitting Fees (Amt
Attended
in Rs)
2/2
1,00,000/-
1/2
50,000/-
Category
Independent
Director
Independent
Director
Mr. Sanjiv Bajaj*
Director
2/2
Nil
Mr. Kamesh Goyal
Director
2/2
Nil
2013, the Company has formed a With Profit Committee of the Board of
Directors, with responsibility to ensure that the asset share is maintained
* - Mr. Ranjit Gupta appointed as alternate member to Mr. Sanjiv Bajaj w.e.f.
at policy level and that only the portion of expenses representing the
12th January 2015.
relevant business should be allocated and interest credits to such asset
shares should represent the underlying assets of these funds.
17
Reports and reviews
• Minimizing reputational risk as identified and assessed as part of a
Corporate Social Responsibility Committee
As required by the Section 135 of the Companies Act, 2013, the Company has
formed a Corporate Social Responsibility Committee, with responsibility to
carry out, monitor and assess CSR activities undertaken by the Company.
regular assessment and managed on a case-to-case basis.
Risk governance framework
The risk governance structure of the Company consists of the Board,
Mr. Sanjiv Bajaj is the Chairman of the Corporate Social Responsibility
the Board Risk Management Committee (RMC) and the Executive Risk
Committee, with Mr. S H Khan, Independent Director and Mr. Anuj Agarwal,
Committee and then there are various lines of defenses which include
MD & CEO being the other members thereof.
the Heads of each department, Internal Audit and the Risk team, the
Statutory and Concurrent Auditors and lastly the Control Committee.
The Corporate Social Responsibility Committee met thrice during the year on
10th September 2014, 11th October 2014 and 24th March 2015. Following
The RMC oversees the functioning of the overall risk management
table sets out the particulars of attendance of members of the Corporate
framework of the Company and implementation of the risk management
Social Responsibility Committee at various meetings:
strategy. The RMC has also been vested with the responsibility to
formulate, implement, monitor and periodically revise the Asset
Name of Director
Category
Mr. Sanjiv Bajaj*
Mr. S H Khan
Director
Independent
Mr. Anuj Agarwal
Director
MD & CEO
Meetings
Sitting Fees
Liability Management strategy of the Company. Mr. Kamesh Goyal is the
Attended
(Amt in Rs)
Chairman of the Risk Management Committee, with Mr. Sanjiv Bajaj, Mr.
3/3
Nil
Ranjit Gupta and Mr. Anuj Agarwal MD & CEO being the other Director
3/3
1,50,000/-
3/3
Nil
members thereof. The Chief Risk Officer, the Chief Investment Officer,
the Chief Financial Officer and the Appointed Actuary are permanent
invitees to all meetings of the RMC.
* - Mr. Ranjit Gupta appointed as alternate member to Mr. Sanjiv Bajaj
The Risk Management Committee met four times during the year on
w.e.f. 12th January 2015.
9th May 2014, 11th July 2014, 10th October 2014 and 9th January 2015.
Enterprise Risk Management framework
Following table sets out the particulars and attendance of members of
the Risk Management Committee at various meetings:
Risk objectives
Meetings
The Company perceives risk management as a means of value
Name of Director
Category
optimization. The risk owners are responsible to review the key risks
Mr. Kamesh Goyal*
Director
on an ongoing basis and the same is then discussed during the Risk
Mr. Manuel Bauer**
Director
0/4
Committee Meeting. The CRO is ultimately responsible for fostering
Mr. Sanjiv Bajaj
Director
4/4
the enterprise-wide risk management function including provision of
the Top risk Assessment (TRA) to the Executive Risk Committee and
the Board Risk Management Committee. The Company also performs
Mr. Ranjit Gupta
Mr. Anuj Agarwal
Attended
3/4
Director
4/4
MD & CEO
4/4
self-assessment to identify and assess operational risks in terms of their
* Mr. Kamesh Goyal participated as an alternate member to Mr. Manuel
likelihood and impact by each business unit within the Company.
Bauer till 9th January 2015 and he has been appointed as Chairman of
The risk management practices are aimed to address one or more of
these risk management goals as given below:
the Committee w.e.f. 12th January 2015.
** Mr. Manuel Bauer ceased to be a member and Chairman w.e.f. 12th
January 2015
• Determine the risk profile of the Company;
• Integration of risk considerations into decision-making processes
including promotion of a strong risk management culture supported by
a robust risk governance structure;
The supervisory level Executive Risk Committee, convened by the CRO,
comprises of various Heads of Departments, which have been identified
as the owners of key risks within the Company. They are responsible for
implementation of risk management activities including risk mitigation
• Determine the relevant processes and strategies for Risk management
plan within their respective vertical/departments. This executive level
which include identification of risks, ongoing measurement and
committee ensures centralized risk monitoring and management.
monitoring of risk exposures and ensuring relevant control or risk
The Risk, internal audit, concurrent audit and statutory audits support
transfer;
the identification, measurement and control of risks, flagging off areas
where corrective action is needed.
• To ensure adherence to all regulatory mandates as laid down by
different regulatory authorities and all critical internal policies/limits;
The risk strategy of the Company is to identify actual and potential threats
to the company on a short and long term basis internally and externally.
1818
Reports and reviews
Key risks and their mitigation
Certification for compliance of the Corporate Governance Guidelines
1. Market risk and Asset Liability management risk is the risk to the
I, Sameer Bakshi, Chief Risk Officer and Company Secretary hereby
Company’s profits and/or liabilities due to changes in market values of
certify that the Company has complied with the Corporate Governance
its investments. The company manages this risk by controlling exposures
Guidelines for Insurance Companies as amended from time to time and
to risky assets, monitoring durations of assets vis-à-vis liabilities and
nothing has been concealed or suppressed.
ensuring adequate reserves are maintained for meeting claim and
guarantee obligations
2. Credit Risk or the risk of default of counter parties is sought to be
Date: May 15, 2015
Sameer Bakshi
mitigated by investing in securities with minimum acceptable credit
Place: Pune
Chief Risk Officer and
rating and reviewing changes in credit ratings
Company Secretary
3. Liquidity risk is monitored on a regular basis to ensure sufficient
liquidity is maintained to meet short-term obligations
4. Operational risk is mitigated by a system of internal audit which
flags off areas where risks are identified. Mortality risk is sought to be
mitigated by regular actuarial review of mortality experience.
5. Your company has an off-site data center and a business continuity
plan to mitigate Business Continuity risk
19
Reports and reviews
Remuneration Policy
I) Remuneration Policy of Bajaj Allianz Life Insurance Company Limited
1) This Remuneration Policy is prepared pursuant to the requirements of Section 178 of the Companies Act, 2013.
2) The level and composition of remuneration should be reasonable and sufficient to attract, retain and motivate Directors and employees of
the quality required to run the Company successfully.
3) Relationship of remuneration to performance should be clear and meet appropriate performance benchmarks.
4) The Independent Directors may be paid sitting fees as per recommendation of the Nomination and Remuneration Committee and approved
by the Board of Directors from time to time within the overall limit as may be prescribed under the Companies Act, 2013.
5) Remuneration to the Managing Director, Key Managerial Personnel and Senior Management should involve an optimal balance between
fixed and incentive pay reflecting short and long term performance objectives appropriate to the working of the Company and its goals. Any
changes in the same should be referred to one Director representing each Co-promoter of the Company for approval.
6) While remuneration and changes in remuneration including payment of bonus to the Managing Director shall be recommended by
the Nomination and Remuneration Committee for approval of the Board of Directors, annual revision of remuneration of all the employees,
including the Key Managerial Personnel and Senior Management, may be finalized with approval from one Director representing each Copromoter of the Company.
II)
Criteria for determining qualifications, positive attributes & independence of Director
1) Qualifications of Director:A Director shall possess appropriate skills, experience and knowledge in one or more fields of finance, economics, insurance, law,
management, sales, marketing, administration, research, corporate governance, operations or other disciplines related to the Company’s
business.
2) Positive attributes of Directors:A Director shall be a person of integrity, who possesses relevant expertise and experience and who shall uphold ethical standards of
integrity and probity; act objectively and constructively; exercise his responsibilities in a bona-fide manner in the interest of the Company;
devote sufficient time and attention to his professional obligations for informed and balanced decision making; and assist the Company in
implementing the best corporate governance practices.
3) Independence of Independent Directors:An Independent Director should meet the requirements of the Companies Act, 2013 concerning independence of Directors.
2020
Reports and reviews
Annual Report on Corporate Social Responsibility Activities
1.
Brief outline of Company’s CSR Policy, including overview of projects or programs proposed to be undertaken and a reference to
the web-link to the CSR Policy and projects or programs:
The Company has in place its Corporate Social Responsibility (CSR) Policy in line with the requirements of Companies Act, 2013. The Policy has been
approved by the Board of Directors at its meeting held on 23rd September 2014 and the same is placed on the Company’s website (www.bajajallianz.
com).
The Company has inherited its CSR Philosophy from its promoters namely Bajaj Group and Allianz. The Bajaj Group believes that the true and full measure
of growth, success and progress lies beyond balance sheets or conventional economic indices. It is best reflected in the difference that business and
industry make to the lives of people. For society, Bajaj is more than a corporate identity. It is a catalyst for social empowerment.
Allianz is a global company that operates in more than 70 countries. As a globally responsible citizen, Allianz takes its responsibility to society very
seriously. By offering skills, time and money, Allianz strives to advance social wellbeing in local communities.
The Company’s CSR Policy outlines the Company’s responsibility as a corporate citizen and lays down the guidelines and mechanism for undertaking
activities for welfare and sustainable development of the community at large. The CSR Policy of the Company outlines the Scope of CSR activities,
Modalities of execution of Projects / Programmes, Implementation through CSR Cell / other vehicles of CSR implementation and Monitoring Assessment
of CSR Projects / Programmes.
The process for implementation of CSR programs involves identification of programs based on proposals received through various channels, assessment
of the project in terms of funding required, implementation area and overall scope, due diligence of implementation agency and recommendation to
the CSR Committee. The CSR Committee, if found appropriate, approves the proposal and amount of expenditure to be incurred on the same within the
overall limit approved by the Board.
2.
Composition of the CSR Committee:
The CSR Committee of the Company comprises of the following Directors:
a) Mr. Sanjiv Bajaj, Chairman
b) Mr. S H Khan, Independent Director
c) Mr. Anuj Agarwal, Managing Director & Chief Executive Officer
3. Average net profit of the Company for last three financial years: Rs. 1,452 Crore.
4. Prescribed CSR Expenditure (2% of amount as in Item No. 3 above): Rs. 29.05 Crore.
5. Details of CSR spent during the financial year 2014-15:
a) Total amount to be spent for the financial year: Rs. 29.05 Crore
b) Amount unspent: Rs. 19.00 Crore
c) Manner in which the amount spent during the financial year is detailed below:
21
Reports and reviews
Amount spent
Projects or
Sector in
Sr No
programs (1)
Amount
Local area or other
outlay
CSR Project or
which the
(2) Specify the
(budget)
activities identified
project is
state and district
project or
where projects
programs
or programs was
wise
covered
on the projects
or programs sub
Cumulative
heads: (1) Direct
expenditure
Expenditure
up to the
on projects or
reporting
programs. (2)
period
Rs. 30 Lacs
Direct or through
implementing
agency
Overheads
undertaken
1
Amount spent:
1) Direct
Rs. 30 Lacs
Amount
Smile Train India:
Promoting
The project was
To provide 170 safe,
health care
undertaken on All
expenditure:
spent through
quality and totally free
including
India basis.
Rs. 30 Lacs
implementing
cleft surgeries for poor
preventive
2) Overheads: Nil
agency, namely
children at selected
health care
Smile Train, India
Smile Train Centres in
cities across India.
2
Rainbow Foundation
Promotion
India: Starting 1
of education,
Pune
Rs. 32.85
Nil
Nil
Lacs
No amount
actually spent on
Rainbow Home in Pune Employment
this project so far.
enhancing
vocational
skills,
3
Contribution to the
Disaster relief Jammu & Kashmir
Rs. 25 Lacs
Jammu & Kashmir
disaster relief and
1) Direct
Rs. 25 Lacs
Kashmir Disaster
Rs. 25 Lacs
Relief and
Rehabilitation Fund
2) Overheads: Nil
rehabilitation
Jammu and
expenditure:
of Confederation of
Indian Industries
4
Swachh Bharat Kosh
Promoting
(SBK) set up by the
health care
Government of India
to enable the desiring
corporate to contribute
health care
All India basis
Rs. 5 Crore
1) Direct
Rs. 5 Crore
Swachh Bharat
expenditure:
Kosh (SBK) set up
including
Rs. 5 Crore
by the Government
preventive
2) Overheads: Nil
of India
in the Swachh Bharat
Abhiyaan
5
BSSK - Medical
Eradicating
Pune, Aurangabad,
expenses for orphan
hunger,
Chiplun, Sangli
children for 2 years
poverty,
(Maharashtra)
Rs. 1 Crore
Bharatiya Samaj
Seva Kendra
Rs. 50 Lacs
2) Overheads: Nil
Bandhan - Support
Eradicating
Eastern States of
for education of
hunger,
India
4000 extremely poor
poverty,
children for 4 years
malnutrition,
Rs. 4 Crore
1) Direct
expenditure:
Rs. 4 Crore
2) Overheads: Nil
Promoting
Education
2222
Rs. 50 Lacs
expenditure:
malnutrition
6
1) Direct
Rs. 4 Crore
Bandhan Konnagar
Reports and reviews
6. In case the Company fails to spend the 2% of the Average Net Profit of the last 3 financial years, the reasons for not spending the amount
shall be stated in the Board report:
The CSR policy of the Company allows undertaking CSR Projects directly (CSR Cell) or through a registered trust, society, etc. (CSR vehicle). The
CSR activities including the projects to be taken up are considered and monitored at group level along with other Bajaj Group companies, where
substantial commitments are made.
Financial Year 2014-15 was effectively the first year for the Company for its own CSR activities, as such in view of the nascent stage of the
implementation framework of CSR activities, the Company could not spend the entire 2% of the average net profit of the last Three financial
years.
CSR Committee’s Responsibility Statement
The CSR Committee hereby confirms that the implementation and monitoring of CSR activities is in compliance with CSR objectives and Policy of
the Company.
Sanjiv Bajaj
Anuj Agarwal
Chairman of
Managing Director &
Of CSR Committee
Chief Executive Officer
23
Reports and reviews
2424
Reports and reviews
Form No. MR-3
SECRETARIAL AUDIT REPORT FOR THE FINANCIAL YEAR ENDED March 31, 2015.
[Pursuant to section 204(1) of the Companies Act, 2013 and rule No.9 of the Companies Appointment and Remuneration of Managerial Personnel) Rules, 2014]
To,
The Members,
Bajaj Allianz Life Insurance Company Limited,
U66010PN2001PLC015959
GE Plaza Airport Road,
Yerawada, Pune- 411006.
I have conducted the secretarial audit of the compliance of applicable statutory provisions and the adherence to good corporate
practices by Bajaj Allianz Life Insurance Company Limited, (hereinafter called as “The Company”). Secretarial Audit was conducted
in a manner that provided me a reasonable basis for evaluating the corporate conducts/statutory compliances and expressing my
opinion thereon.
Based on my verification of the Company, books, papers, minute books, forms and returns filed and other records maintained by the
company and also the information provided by the Company, its officers, agents and authorized representatives during the conduct
of secretarial audit, I hereby report that in my opinion, the company has, during the audit period covering the financial year ended
on March 31, 2015, complied with the applicable statutory provisions listed hereunder and also that the Company has proper Boardprocesses and compliance mechanism in place to the extent, in the manner and subject to the reporting made hereinafter:
I have examined the books, papers, minute books, forms and returns filed and other records maintained by the Company for the financial year ended on March 31, 2015, according to the provisions of:
(i)
The Companies Act, 2013 (the Act) and the rules made thereunder;
(ii)
Foreign Exchange Management Act, 1999 and the rules and regulations made there under regarding Foreign Direct
Investment.
(iii) The Insurance Act, 1938, the Insurance Regulatory and Development Authority Act, 1999 and rules and regulations made
thereunder,
(iv) Rules, regulations, guidelines, circulars and notifications issued by the Insurance Regulatory and Development Authority of
India (IRDAI) as are applicable to a life insurance company.
The Company is a Public Company which is a subsidiary of Listed Company.
During the period under review the Company has complied with the provisions of the Act, Rules, Regulations, Guidelines, Standards,
etc. mentioned above.
I further report that the Board of Directors of the Company is duly constituted with proper balance of Executive Directors, Non-Executive Directors and Independent Directors. The changes in the composition of the Board of Directors that took place during the period
under review were carried out in compliance with the provisions of the Act.
25
Reports and reviews
Adequate notice was given to all Directors to schedule the Board Meetings, including committees thereof, alongwith agenda and detailed notes on agenda at least seven days in advance, and a system exists for seeking and obtaining further information and clarifications on the agenda items before the meeting and for meaningful participation at the meeting by the directors.
I further report that there are adequate systems and processes in the Company commensurate with the size and operations of the
company to monitor and ensure compliance with applicable laws, rules, regulations and guidelines.
I further report the Company has altered and substituted Article of Association thereby increased Number of Directors and adopted
new set of Articles of Association in line with the Act, by passing a Special Resolution at Extra-Ordinary General Meeting Conveyed on
5th March, 2015.
I further report that during the audit period there was no other event/action having major bearing on the Company’s affairs.
Date: May 15, 2015
Shyamprasad D. Limaye
Place: Pune
FCS No. 1587 C P No.: 572
2626
27
2828
Reports and reviews
MANAGEMENT DISCUSSION AND ANALYSIS
A.
Economic and industry overview
(a) Indian economy and the life insurance industry
Indian GDP has seen a decent growth in the FY2014 of around 5.0%
(6.9% as per revised calculation methodology). The early estimates
for the current financial year were around 5.6%1 (7.4% as per revised
calculation methodology). GDP growth is likely to remain high
relative to key emerging peers.
(b) Insurance industry overview
i.
New business trends and relative performance of insurers
1
Current year average CPI inflation was around 6.5% down from 9.5%
in FY2014. For the last couple of years the inflation rate was at around
10% which has reduced substantially in the current financial year.
Whole sales price average inflation has also reduced from 6% to 2.3%.
NB
growth
FY 2010
FY2011
FY 2012
FY 2013
FY 2014
FY 2015
Private
12%
3%
-17%
-6%
-4%
18%
LIC
34%
22%
-6%
-6%
19%
-14%
25%
15%
-9%
-6%
12%
-6%
rate
1
Total
industry
Gross savings2 as a % of gross national disposable income declined
to 30% in FY2014 as compared to 33% in FY2012. The decline
was mainly on account of lower savings in physical assets by the
household. Household physical savings declined to 10.4% in FY2014
vis-à-vis 14.8% in FY2012. On a positive note gross financial savings
has improved to 11% in FY2014 vs 10.3% in FY2012. With a low GDP
growth and high inflation backed by lower financials savings, the
private players in the insurance industry witnessed de-growth for
three consecutive years from FY2012 to FY2014.
Equity markets did very well in FY2015. Overall, optimism on the
equity market continued to be good due to the change of government
at the centre and expectations of economic recovery. Nifty index
gave a return of 26.7% during the year and some of the midcap
indices have done better. Fixed income funds have also generated
good returns as the interest rate decline continued in FY2015 leading
to healthy capital appreciation. Latter half of the year has also seen
couple of rate cuts by RBI in order to foster growth in the economy.
With GDP growth now reinstated at 7% plus levels, muted inflation
and a strong equity market performance backed by the recent rate
cuts by RBI, the private Life Insurance industry saw a growth of 18%
in FY2015.
India’s insurable population is anticipated to touch 75 crores in
20203, with life expectancy reaching 74 years. Furthermore, life
insurance is projected to comprise 35 per cent of total savings by the
end of this decade, as against 26 per cent in FY20103. Demographic
factors such as growing middle class, young insurable population
and growing awareness of the need for protection and retirement
planning will support the growth of Indian life insurance. With
relatively low insurance penetration, favourable demographics and
higher disposable incomes we believe that the Insurance sector is
poised for a growth over the next few years.
Source: 1 Citi research, 2 RBI, 3 IBEF – India Brand Equity Foundation – Feb 2015
Chart 1: New business growth rate
Based on total new business premium
Source: IRDAI and Life Insurance Council statistics
As seen above in chart 1, over the period of FY2010 to FY2015 new
business premium registered a growth of a mere 0.7% (CAGR), for
private insurers there was a de-growth of 1.9%. When compared with
FY2014, industry de-grew by -6% in FY2015, however the growth was
reinstated for most private players and private market registered a
growth of 18% for FY2015.
NB market
share
LIC
FY 2010
FY2011
FY 2012
FY 2013
FY 2014
FY 2015
65%
69%
71%
71%
75%
69%
17%
17%
15%
15%
13%
17%
18%
14%
14%
14%
12%
14%
Major bank
promoted
companies
Others
27
Reports and reviews
iii. Distribution mix
Chart 2: New business market share
Channel
mix -
9m
FY2010
FY2011
FY2012
FY2013
FY2014
80%
79%
79%
78%
78%
73%
11%
13%
15%
16%
16%
20%
4%
4%
3%
2%
1%
1%
1%
2%
2%
2%
2%
2%
4%
2%
2%
3%
3%
4%
100%
100%
100%
100%
100%
100%
FY2015
Industry
Individual
agents
Corporate
agentsBanks
Based on total new business premium
Corporate
Source IRDAI and Life Insurance Council statistics
agentsOthers
On the basis of new business premium, LIC had gained significant
market share over the past five years to achieve 75% market share
in FY2014. LIC’s market share however declined in FY2015 to 69%.
Private players with a critical Bancassurance mass and the major
bank promoted companies (i.e. ICICI Prudential, HDFC Life, SBI Life
and Max Life) gained market share up from 13% in FY 2014 to 17%
in FY2015. The key reason for growth of these bank led insurance
companies being the advantage of accessing parent distribution
network. Other private players also gained market share up from 12%
in FY2014 to 14% in FY2015.
Brokers
Direct
selling
Total
ii. Shift in business mix
Chart 4: Channel mix
NB product
mix -
FY2010
FY2011
FY2012
FY2013
FY2014
FY2015
private
Linked
83%
69%
41%
35%
29%
38%
Non Linked
17%
31%
59%
65%
71%
62%
!"#
Chart 3: Product mix for private players
!$%
"#
&'
Based on Individual new business premium for total Industry
Source: Public disclosures
As seen in the above table, traditionally agency channel has been the
couple of years, this channel has seen a drop in share especially for the
primary channel in the Indian Insurance distribution network. But in last
private players as agency commissions have shrunk which moved part
time agents away from the industry. The number of agents engaged by
the industry has fallen to 2.07 million as at March 31, 2015 from 2.98
million as at March 31, 2010. There is an increasing contribution from
*Based on total new business premium - Private
the Bancassurance channel in recent years, especially for the private
Source: IRDAI Annual report and Life Insurance Council statistics
players.
Over the past few years the private industry had seen a shift of
product mix towards traditional products but with a buoyant capital
market the share of ULIP business has seen an increase from 29% in
FY2014 to 38% in FY2015.
iv. Regulatory changes and implications thereof
(a) Insurance Laws (Amendment) Act, 2015
The Insurance Laws (Amendment) Act 2015 was notified in the Official
2828 Directors’ Report | Secretarial Audit Report | Management Discussion and Analysis
Reports and reviews
Gazette in March 2015 and is effective from December 26, 2014 (i.e.
when the Insurance Laws (Amendment) Ordinance was passed). Besides
• Prohibition of rebates (Section 41)
Penalty increased to Rs. ten lakhs from earlier Rs. Five hundred.
the increase in foreign investment which was the most popular aspect of
the amendment, the Act contains many other provisions which have a
• Solvency (Section 64, 64VA)
significant impact on the insurance industry in India. Below is a gist of
Authority to prescribe regulations defining assets and liabilities.
some of the important changes brought about by the Amendment:
Assets to be 150% over liabilities.
• Increase in FDI limit (Section 2(7)A)
• Opening of new places of business (Section 64VC)
Aggregate holding of foreign investor, including portfolio investor,
Earlier provision regarding approval of Board omitted. Regulations to
allowed upto 49% (increased from earlier 26%) of paid-up equity
be specified by IRDAI.
capital of Indian insurance Company.
• Securities Appellate Tribunal (Sections 110)
• Corporate agents included under the definition of “intermediary”
Any person aggrieved by the order of the authority can prefer an
or “insurance intermediary” (Section 2(f) of IRDAI Act, 1999)
appeal to the securities appellate tribunal having jurisdiction in the
Corporate agents to seek registration from the Authority, Concept of
matter.
multi tie-up with insurers introduced, Authority is now in process of
coming up with regulations in this regard.
• Penalties for breaches of regulatory provisions (Sections 102,103,
104, 105, 105B)
• Appointment of insurance agents (Section 2(10) and 42)
Non-compliance of investment provisions and Rural and Social
Requirement of IRDAI issuing license dispensed with, Training and
Sector Obligations: Maximum upto Rs. twenty five crores, One lakh
examination requirements prescribed as a pre-required qualification,
rupees for each day during which such failure continues or one crore
Prohibition on multi-level marketing, Penalty upto Rs. one crore to
rupees, whichever is less (earlier not exceeding Rs. five lakhs).
insurer for appointing agent in contravention of provisions, Insurer
responsible for act of its agents; liable for penalty upto Rs. one crore.
(b) Other regulatory updates
• Product related
• Power of Authority to investigate and inspect (Section 33(3) and
IRDAI has issued a circular on File and Use Procedure for Group and
33(4))
Immediate Annuity Products in order to curb the practice of insurers
Production of documents by and examination on oath of a service
offering premium quotes to various groups different from the
provider or contractor where the services are outsourced by the
premiums approved under the file and use procedure.
insurer.
• Distribution related
• Assignment of insurance policies (Section 38)
Guidelines on appointment of Insurance Agents - Insurers are
New provisions for assignment introduced – wholly or partial or
required to have a Board approved policy inter alia covering training,
conditional. Insurer to decide whether to accept the assignment.
recruitment, skill development and remuneration methodology.
Existing insurance agents continue to operate for the respective
• Nomination by policyholder (Section 39)
insurers.
Where the holder of a policy of insurance on his own life nominates
Circular on Registration of Insurance Marketing Firm (IMF) - An entity
his parents or his spouse or his children or any of them, the nominee
registered by IRDAI as IMF can solicit or procure insurance products
or nominees shall be beneficially entitled.
of two Life, two General and two Health insurance companies at any
point of time, undertake insurance service activities as specified in
• Policy not to be called in question on ground of mis-statement
after 3 years (Section 45)
these regulations and distribute other financial products as specified
in these regulations.
No claim repudiation beyond three years even due to fraud, In case
of repudiation due to material mis-statement, premium to refunded.
‘
• Investments related
Guidelines on Interest Rate Derivatives to deal in rupee interest rate
• Payment of commission, Limitation of expenses of Management
derivatives, including forward rate agreements (FRAs), interest rate
(Section 40, 40B)
swaps (IRS) and exchange traded interest rate futures (IRF).
Overall limits prescribed earlier omitted. Regulations to prescribe
IRDA has permitted Insurers to become a proprietary trading member
limits.
of a SEBI approved stock exchange for carrying out trades in the debt
segment subject to the conditions mentioned in the circular.
Investment in Onshore Rupee Bonds issued by Asian DevelopmentBank
29
Reports and reviews
(ADB) and International Finance Corporation (IFC) will be treated as
development and demographics of population has a very strong
approved investments.
influence on the level of development of life insurance market. Life
insurance penetration in India continued to be very low compared
Investments in Long term Bonds of Banks towards mandatory
with the most developed and Asian economies. 27.6% of the Indian
‘Infrastructure and Housing sector’ exposure requirements have been
population falls under the age group of 25 – 44 years, which is largely the
permitted subject to the conditions
insurable population, which shows that there is huge growth potential
for life insurance sector. India’s insurable population is anticipated
We believe that with more powers being entrusted to IRDAI this will only
to touch 75 crores in 20203, with life expectancy reaching 74 years.
benefit the industry in the long term.
Other demographic factors such as growing middle class and growing
awareness of the need for protection and retirement planning will
v. Industry outlook
support the growth of Indian life insurance.
The performance of the insurance industry in the current financial year
has been very positive, perhaps signaling the bottoming out of the private
vii. Risks and threats
sector. This positive development has been a derivative of some of the
Further expansion of sector with FDI limit increased to 49%
actions being taken by the government and the regulator to expand the
The increase in FDI limit is a very welcome move for the industry as
horizon of the Insurance industry. Some of the initiatives undertaken
this would bring in host of opportunities. However, this also poses a
include allowing 49% of foreign holding in an Indian Insurance Company,
challenge for the existing players as this would increase the number
increasing the tax rebate limit and guidelines on unit linked products
of new entrants creating further competition in an already competitive
which make ULIPs even more beneficial to the customer. The revival of
environment.
sales in the unit linked products which followed the buoyant market,
softening of the interest rates and easing of inflation are some of the
Competition from other asset classes and financial instruments
factors which form a very good base for the financial sector to grow
Life insurance product continues to face stiff competition from other
commendably.
financial instruments like fixed deposits, mutual funds and National
Pension Scheme.
vi. Opportunities
We expect the growth in the Insurance Industry to come back on account
High surrenders
of the following:
As the equity markets continue to do well and as the contracts complete
their lock in period, customers may feel inclined to book gains. The
Economic revival: Indian Economy is looking-up with brighter prospects
industry faces an uphill task of taming the outflow of funds through
amongst the world’s major economies today. The Economic Survey
surrenders. High surrenders in the unit linked portfolio could impose
FY2015 states that Indian economy appears to have now gone past the
severe strain on the insurers given that the surrender charges insurers
economic slowdown, persistent inflation, elevated fiscal deficit, slackening
can levy under the new ULIP guidelines have been capped at amounts
domestic demand, external account imbalances and oscillating value of
which will not be able to recover the acquisition cost of such sale.
the rupee. The Economic Survey taking into consideration the change of
base year by the Central Statistics Office of the National Accounts series
Low persistency
from FY2005 to FY2012, states that growth at market prices for FY2016
The full value of life insurance product is realised both by the customer as
is expected to be 8.1 to 8.5 per cent. The growth rate in GDP at constant
well as the company, if the relationship exists over a long term. Hence it
(FY2012) market prices in FY2013 was 5.1 per cent, which increased to
is very important, both the customers and employees are educated from
6.9 percent in FY2014 and it is expected to further increase to 7.4 per
time to time about the value of persistency. Through various regulations
cent in FY2015 (according to advanced estimates – Citi Research).
and guidelines IRDAI has made considerable efforts to bring out the best
value proposition for the customer which can only be harness if the policy
Buoyant capital market and softening of interest rates: Till January
is persistent. The customer will not get the full benefit of the policy if the
2015, RBI had kept the policy rates unchanged. As inflationary conditions
same is surrendered in midway; company loses the valuable customer
eased, RBI softened the monetary policy by cutting the Repo rates by 25
as well as the income streams from the product. Low persistency across
basis points in January 2015 (from 8% to 7.75%). Another rate cut by
some customer segments would continue to stress insurers.
RBI had been effected in March 2015, rate cut was by another 25 basis
points that took the repo rates to 7.5%. Equity markets continued to do
Cost efficiency
well in FY2015. The benchmark indices, BSE Sensex and Nifty showed a
Last couple of years have been very challenging mainly for the private
general upward trend in FY2015 with growth rates of 24.9% and 26.7%,
industry because of the slowdown and consequential fall in business
respectively, year on year.
volumes the industry has witnessed. Industry players have been forced
Demographic advantage and low insurance penetration: Economic
to revisit their business models given the lower business volumes and
Reports and reviews
the lower affordability arising from the change in product structures
manual intervention;
arising out of the Regulatory changes around products. Non-bank
• Contactibility – Exploiting the data base of Credit Rating Agencies to
backed insurers continue to adjust their costs to adjust to the current
enrich contact details of our non-contactable customer database;
environment.
• Know your customer (KYC) through UIDAI – we have tied up with
UIDAI to retrieve KYC information to authenticate the contact
B. Business overview
information of customers and also prevent frauds;
• Simplified key feature document (KFD) – A single pager information
i. Company strategy
within the policy document which has all silent features of the
product for ease of customer to refer all information at one glance;
(a) Invest in new engines of growth
• Digital tool for instant policy issuance and servicing - To equip
The Company lost its largest Bancassurance partner to a peer in a
our distributors with smart and highly efficient mobile platform
regional deal. With this loss the Company’s retail business has largely
and online sales tools to enhance the overall distributor and customer
been restricted to Agency. The Company has however identified certain
experience;
new channels, focusing on different forms of distribution, in order to
have alternate channels of individual business growth. These channels
• Outsourcing of renewal collections on success based compensation
model;
largely evolve around the direct channels of sale. The Company also
• Operations personnel trained and equipped to pitch retention;
plans to capitalize on its relation with Bajaj Finance Limited to enhance
• Fraud control unit set up.
individual business.
(d) Invest in the Digital journey
(b) Grow agency
We believe that our growth and efficiency aspirations can only be
Historically agency has been the flagship channel over majority of life of
achieved through investment in digital. Our major initiatives around
the Company. In the last couple of year’s agency has shown significant
digitalization include:
drop in new business. The focus now is to revive the contribution of
• Virtual office INS TAB – Having the intention to provide a secure
agency in coming years through the agency transformation project
and location independent insurance tool to its field-force, we have
presently being run by the Company. The key areas of focus for the
leveraged technology and developed the INSTAB – Instant Insurance
project include improving agency compensation structures, enhance
Solutions on Tablet. It is an inspiration towards our need to create
agent recruitment, quality, activation and retention, develop digital
a point of sale tool which addresses every Insurance requirement
Agency model, strengthening of Agency in metros and other cities with
from sourcing to servicing.
lower market share.
• I am BALIC – this is a mobile application to enable employees to use
(c) Enhance quality of business which includes improvement in
• Customer App – this is a mobile application that will provide our
the office intranet and related applications on the go.
persistency and reduced surrenders, early claims and customer
customers a self-servicing platform to avail our services without the
grievances
need to visit a branch.
This is being driven through the following initiatives:
• Persistency, claims experience and grievances introduced in sales
performance criteria and sales competitions;
• Alternate customer servicing options which includes tie ups with
various banks and retail outlets for acceptance of renewal premiums;
• LMS (lead management system) – an integrated system to manage
leads across the organization.
• Enhanced website - New look and feel for the website which is
more user friendly along with the buying process with reduced steps
to complete the sale faster.
• Service on Wheels - An exclusive mobile van equipped with
a customer service executive and other infrastructure to provide
convenient services for policy servicing and renewal premium
collection at locations nearest to customer;
(e) Expense rationalization
We will continue our journey of rationalizing expenses to enable us to
provide best return to our customers and shareholders.
• CAMS offices - Engaging with CAMS - an Insurance Repository, for
policy servicing and renewal premium collection across 320 of their
offices;
• Verification Call - Welcome calling to newly acquired customers
to verify their understanding and awareness on the policy benefits,
payment term, etc. and also the customer‘s contact details for future
communication;
(f) Enhanced product portfolio and customer value
Our product portfolio addresses the varying insurance, investment and
retirement needs of all customers across the retail and group platform.
We will continue to invest in products and maintain a balanced mix which
provides maximum value to our three key stakeholders i.e. Customer,
Distributor and the Shareholders.
• Interactive Voice Response System (IVRS) - A convenient option for
the customer to address their servicing needs on call with minimum
31
Reports and reviews
ii.
Performance overview: FY2015
(h) Best in class fund performance
(a) New business growth and improved market share
The Company registered a new business growth of 4% in FY2015 as
compared to 13% de-growth in FY2014. Market share for the Company
was up from 2.2% in FY2014 to 2.4% in FY2015 despite the loss of its
largest Bancassurance partner.
FY2015 has been a good year in terms of equity and fixed income
(b) Renewal growth after de-growth for four consecutive years
Renewal premium for the Company for FY2015 was Rs. 3,315 crores as
compared to Rs. 3,251 crores in FY2014; a growth of 2% which came
after a decline in renewals for four consecutive years.
Some of our funds now have a 10 year investment performance track
(c) Persistency improvement
As a result of the initiatives undertaken by the Company, we have seen
significant improvement in persistency over the previous year. The 13th
month persistency (April to March measured at end of April) for FY2015
was at 67.6% up from 61.6% in FY2014.
(d) Efficiency in operations
The Company continued its focus to rationalise expenses and accordingly
the total expenses for the Company (including Commission) came down
by 11%. Accordingly, expenses as a percentage of gross written premium
was down from 26% in FY2014 to 22% in FY2015.
returns. Our funds have fared well relative to the benchmark and as well
as peer group. Our approach in fund management is to focus on capital
appreciation by investing in good quality business based on thorough
analysis of the Company’s strengths
record. These funds on 5 year and 10 year basis have generated good
returns as indicated below:
Return on funds – 5 year and 10 year
CAGR
Fund Names
5 Years
Equity Gain Fund
14.3%
16.7%
Equity Plus Fund
14.7%
17.3%
Equity Plus Pension
17.2%
20.1%
Nse Nifty Index
10.1%
15.4%
(e) Significant reduction in number of complaints
The Company continued its drive towards being the most preferred
Company for its customers. Accordingly, the Company has been able
to reduce the complaints by 62% from 52,307 in FY2014 to 19,946 in
FY2015.
(f) Profitability – continues to remain one of the most profitable
insurers
The Company earned a profit after tax of Rs. 876 crores during FY2015 as
compared to the profit of Rs. 1,025 crores for the previous year. The fall
in profit is largely attributable to the shrinking book size given de-growth
experienced in the past few years. The segmental performance for the
Company is summarised below:
Surplus/(Deficit) in Rs.
Crores
Participating
Nonparticipating
Linked
FY2015
(29)
154
303
FY2014
41
75
533
10 Years
(g) Strong Assets Under Management (AUM) and Solvency
The Company remains well capitalised and maintained very high levels
of solvency throughout the year. The solvency ratio as at March 31, 2015
stood at 761% (March 31, 2014: 734%) which is well in excess of the
required solvency margin of 150%.
The AUM for the Company grew by 12% in FY2015 to end at Rs. 43,554
crores at March 31, 2015 up from Rs. 38,780 crores at March 31, 2014.
Reports and reviews
Table below shows how some of Company’s major funds have
Fund name
performed versus the benchmark:
Fund name
AUM
(Rs. crs)
Fund returns
1 Year
3 Year
5 Year
AUM
(Rs. crs)
Fund returns
1 Year
3 Year
5 Year
Bond fund
940
15.47%
10.49%
9.15%
Group debt fund II
346
15.98%
-
-
Guaranteed bond fund
243
12.59%
9.52%
-
Group debt fund
225
15.97%
10.57%
9.61%
Shield plus fund I
190
14.75%
10.13%
8.68%
Shield plus fund III
129
14.79%
10.54%
-
14.59%
9.32%
8.13%
8.53%
8.70%
8.35%
8.98%
8.89%
8.26%
Equity funds
Equity growth fund
4,577
38.48%
22.17%
15.42%
Equity growth fund II
856
39.77%
23.13%
17.34%
Equity plus fund
635
38.25%
21.88%
14.68%
Equity gain fund
502
42.85%
22.69%
14.34%
Pure stock fund
436
57.99%
27.65%
17.33%
Equity growth pension fund
167
39.00%
22.78%
17.15%
26.65%
17.04%
10.10%
Benchmark return
Liquid fund
Benchmark return
241
Benchmark return
Equity mid cap funds
Other Funds
Accelerator mid-cap fund
604
58.44%
24.03%
14.08%
Accelerator mid cap fund II
574
58.71%
24.55%
14.93%
Equity midcap plus
124
50.43%
21.48%
12.87%
96
61.47%
25.51%
15.05%
Max gain fund I
873
22.19%
14.73%
10.08%
Max gain fund II
216
20.88%
14.43%
-
-
-
-
Benchmark return
Accelerator m-c pension
fund
The traditional portfolios are carefully managed, keeping in mind the
Benchmark return
50.96%
19.02%
11.03%
regulatory asset allocation requirements and the duration of the policy
liabilities. Realized yield on the policyholders’ investments for the year is
9.82% and on shareholders’ investments is 9.67%.
Index funds
Equity index fund II
(i) Brand performance
4,302
25.43%
16.71%
9.83%
Blue chip equity fund
331
24.83%
16.93%
-
Equity index pension fund II
275
25.30%
17.33%
10.20%
Equity fund
216
23.86%
16.17%
9.18%
Group equity index fund
149
24.83%
16.97%
9.62%
Equity index fund
107
25.63%
17.74%
10.60%
Insurance Company amongst private players in terms of aided Brand
26.65%
17.04%
10.10%
Awareness and Consideration;
Benchmark return
• The Company stands as the largest non-bank promoted private
life insurance brand with a substantially high consumer awareness
and consideration scores;
• As per the Annual Brand Track Research, the Company has
maintained its position of being the No.1 non -bank promoted Life
• The brand has been in the news for its high profile association with
Balanced funds
2,235
32.16%
17.96%
12.53%
Mumbai Indians, Kerala Blasters and also other attractive campaigns
Secure fund
307
17.70%
12.90%
10.70%
like Junior Football Camp (5 seasons), Junior Talent Hunt (2 seasons),
Group asset allocation fund
300
31.97%
17.87%
14.36%
Asset allocation pension
fund
144
35.37%
18.86%
12.91%
Stable fund
118
21.77%
16.12%
11.97%
22.53%
14.55%
9.74%
Asset allocation fund
Benchmark return
our Claims Campaign and Defeat the Tax Monster Campaign;
• Our initiative of ‘Customer Meet with CEO’ is an interactive forum
between our CEO and customers, and is highly appreciated by our
customers. This was conducted in 10 cities across India in FY2015;
Debt funds
33
Reports and reviews
• We embarked on our focus on digital media in later half of
FY2015 and accordingly the brand has been very active on social
media. The customers’ feedback received in different forms on social
media is proactively listened and responded to by our brand. Taking
the engagement with consumers to a new high, ‘Defeat the Tax
Monster’ campaign, which showcases the animated ‘Tax Monster’,
had more than 6 million views. There are close to 100 videos on the
brands YouTube channel. These include Customer Education videos
presented in a simple manner to aid consumer understanding on
Insurance products and Tax Savings;
• The brand was also equally active on Face book last year. The
number of likes have improved from 141,897 (in April 2014) to
257,746 (in March 2015). The page also registers high levels of
engagement, with 212,311 fans engaged with us;
• The number of followers on Twitter has also reached 16,350 (in
March 2015) starting from 572 (in October 2014);
• The brand continues to educate customers in the right purchase
and right usage of insurance products and undertakes many
initiatives in this direction;
• During the last year, the ‘Key Feature Document (KFD)’ and ‘Policy
Highlights’ were integrated within the pre-purchase process (both
being part of Policy Document) so as to help the customer make a
more informed decision;
• The ‘Knowledge Capsules’, along with YouTube offer a pool of
useful information in the form of calculators, videos, leaflets and
presentations.
(j) Contribution to exchequer
Company contributed Rs. 461 crores during FY2015 to national
exchequer by way of service tax, advance income tax, tax deducted at
source and policy stamps.
(k) Internal control and its adequacy
Board oversights the internal control governance structure. Head of
departments (HOD) ensures control activities are performed at all
levels of their function, at various stages within business processes, and
over the technology environment. Observations of statutory, internal
and concurrent auditors are presented before the audit committee for
corrective and preventive actions. The audit committee deliberates
upon auditors’ views on the adequacy of internal control systems and
monitors the progress of open items through action taken report. The
risk management process identifies risks surrounding the Company’s
activities. It is integrated into the Company’s culture by way of an
effective policy and a program led by the most senior management.
Further, as part of the establishment of its internal control system, the
Company has set up a Control Committee. The Committee is responsible
for promoting the establishment and operation of an internal control
system, checking and discussing issues of compliance, the protection of
information property and risk management.
Departmental policies and procedures are an effective way to maintain a
strong system of internal controls. All the departments have documented
policies and procedures of critical processes in the respective function
and ensure operating level controls through clear delegation of authority
and segregation of duties.
Further, financial reporting control framework reasonably assures
that the Company’s financial statements are reliable and prepared
in compliance with the accounting standards as prescribed in the
Companies Act, 2013, in accordance with the provisions of the Insurance
Act, 1938 and the practices prevailing in the insurance industry in India.
The company has in place adequate systems of internal control
commensurate with its size and nature of business. This Internal Control
architecture has been summarized below:
(l) Material developments in Human Resources
Our people are at the centre of our strategic focus. They are our strength,
the foundation of our growth, and the torchbearers of our value-led
journey. Our people are the bridge between our products and our
customers. We strongly believe that the way our employees feel is the
way our customers will feel. Hence, we constantly strive to create value
for both our employees and our customers.
As an organization we focus immensely on talent and skill development
of our people as it is vital to our organization’s success. It is our belief
that trained and well-rounded employees add exponential value to the
success of our organization. At this juncture, the Company is extremely
focused at providing the cross functional opportunities to its employees.
Reports and reviews
Internal Job Posting is being used as a platform for employees to learn
C. Financial Statements
new skills and use their acquired skills over time to succeed at the new
assignment.
The new business premium for the Company grew at 4% in FY2015 up
at Rs. 2,702 crores as compared to Rs. 2,592 crores in the corresponding
As one of the prominent life insurance player, we strive to be a preferred
period of the previous year. Renewal premium grew by 2% at Rs. 3,315
employer and ensure that our people take pride in what we stand for
crores in FY2015 as compared to Rs. 3,215 crores in the corresponding
collectively and live the brand. We have some innovative initiatives in
period of the previous year. The Company saw a growth in renewals
place like ‘Product Gurukul’ so that employees across departments,
after four consecutive years of de-growth. The total premium for FY2015
especially the ones in the non-sales departments, know our products and
ended at Rs. 6,017 crore as compared to Rs. 5,843 crore in FY2014; a
take pride in our products.
growth of 3%.
An effective and efficient workplace is more about forging powerful
Increase in investment income is attributable to the increase in average
connections between personal and organizational values. In an attempt
assets under management and better equity market performance
to make connect with our employees, we have come up with various
compared to the corresponding period of previous year.
initiatives to make the Company a better workplace from the standpoint
of employee care and employee satisfaction. These include:
The reduction in new business commission by 26% for FY2015 is largely
• Frequent newsletters to keep employees apprised on
attributable to change in product mix from participating products to
organization happenings,
linked and group products where the commissions are much lower. The
• Employee helpdesk to be used in case of medical emergency,
increase in renewal commission is largely attributable to reversal of old
• Clearly defined policies around prevention of sexual harassment,
unclaimed commission in FY2014.
whistle blower and code of conduct,
• Our offices are compliant on health, safety, security and
environmental standards,
• Our commitment to provide safe and secure work environment
As the Company continued its drive to rationalise expenses, the expenses
for FY2015 were lower by 16% as compared to the corresponding period
of the previous year.
to all our colleagues is not just limited to our offices but extends
to safe travel policies and guidelines on personal safety during
Benefits paid were lower than the corresponding period of the previous
travel,
year on account of lower surrenders.
• Coffee with CEO/Town-halls/Open house sessions - ensures
leadership connect with the employees,
• Communication from HOD’s desk to ensure that there is a formal
process of communication in the organization top-down,
The Company ended with a profit after tax for FY2015 at Rs. 876 crores
as against Rs. 1,025 crores for FY2014. The fall in profit compared to the
corresponding period of previous year is largely attributable to the fall
• A management trainee program to nurture tomorrow’s leaders,
in linked charges partly offset by lower expenses and higher investment
• The feedback drive to ensure each employee receives a
income.
constructive and regular feedback at the hands of his/her superior.
The net-worth of the Company as at March 31, 2015 was Rs. 6,749 crores
We strive to be a preferred employer by delivering on our core employee
as compared to Rs. 5,871 crore at March 31, 2014.
value proposition of capability building, meritocracy, fairness and
providing a safe and supportive environment. Our goal is clear. We want
to be a people-led organization, with our internal customers leading the
way towards delivering exceptional value to our external customers.
The number of people employed by the Company were 8,933 at March
31, 2015 down from 10,392 at March 31, 2014. The reduction is largely
on account of the rationalisation being driven by the Company to weed
out the unproductive resources and to align the resource count with the
current business volumes.
35
Reports and reviews
a. Results from operations: Analysis of Profit and Loss and Revenue Account
The statement below summarises the Company’s Revenue and Profit and Loss accounts:
(Rs. Crs)
Particulars
FY 2014
FY 2015
Net premium income1
5,775
5,948
Income from investments (net)2
5,452
8,109
Other income
33
52
Total income
11,260
14,109
148
206
1,483
1,238
285
217
Total expenses
1,916
1,661
Benefits paid4
8,482
8,238
Change in valuation of liability in respect of life policies
(163)
3,334
Profit after tax
1,025
876
Commissions (net)1
Operating expenses3
Taxes
Net of reinsurance
Net of losses
3
Includes provisions for doubtful debts and service tax on linked charges
4
Inclusive of interim bonuses
1
2
The Company’s results from operations have been analysed below:
i. Premium income
(Rs. Crs)
FY2014
FY2015
Growth
Particulars
Retail
Group
Total
Retail
Group
Total
Retail
Group
Total
New business premium
1,178
1,414
2,592
1,057
1,645
2,702
-10.3%
16.3%
4.2%
Renewal premium
2,827
424
3,251
2,877
438
3,315
1.8%
3.3%
2.0%
Total gross premium
4,005
1,838
5,843
3,934
2,083
6,017
-1.8%
13.3%
3.0%
Reinsurance premium
39
28
67
34
35
69
-11.5%
23.4%
3.2%
3,966
1,810
5,776
3,900
2,048
5,948
-1.7%
13.2%
3.0%
Net total premium
Total new business premium for FY2015 was Rs. 2,702 crores as compared to Rs. 2,592 crores in the corresponding period of the previous year;
growth of 4%. Retail new business premium for FY 2015 was Rs. 1,057 crores as compared to Rs. 1,178 crores in the corresponding period of previous
year; de-growth of 10% and group new business premium for FY 2015 was Rs. 1,645 crores as compared to Rs. 1,414 crores in the corresponding
period of previous year, growth of 16%. The retail new business de-growth is largely attributable to the loss of the largest bancassurance partner
of the Company to a peer as a part of a regional group level tie up.
Renewal premium for FY2015 is Rs. 3,315 crores as compared to Rs. 3,251 crores in the corresponding period of the previous year; growth of
2%. With the significant efforts towards improving persistency, the Company has seen a growth in renewals after continues de-growth for four
consecutive years.
Total premium for FY2015 is Rs. 6,017 crores as compared to Rs. 5,843 crores in the corresponding period of the previous year; growth of 3%.
Reports and reviews
ii. Investment income
Details of income from investments are given in the table below:
(Rs. Crs)
FY2014
FY2015
Particulars
Unit
Interest, dividend and rent*
Non unit
Total
Unit
Non unit
Total
770
1,385
2,155
595
1,686
2,281
Profit /(loss) on sale of investments (net)
1,837
60
1,897
4,289
213
4,502
Unrealised gain/(loss)
1,400
-
1,400
1,326
-
1,326
Total income/(loss) on investments
4,008
1,445
5,452
6,210
1,899
8,109
* includes accretion of discount/amortisation of premium
As per the requirement of the IRDAI Regulations on preparation of financial statements, income earned from the investments of both unit linked
and non-unit linked businesses are required to be disclosed under the income from investments in the Revenue accounts even though the unit
investment income is neutral to the net results of the segment as the income earned on unit linked investments is correspondingly adjusted with
the unit linked fund liabilities in the Revenue account.
The total income on investments (including the unit linked business) is analysed as follows:
Interest, dividend and rent
During FY2015, interest income, dividend and rent increased by 5.8% from Rs. 2,155 crores in FY2014 to Rs. 2,281 crores in FY2015. Of this,
interest income increased by 11.1% up from Rs. 1,839 crores in FY2014 to Rs. 2,044 crores in FY2015 due to increase in average debt assets under
management partly offset by lower yields during the year. The table below indicates average debt investments and average yield earned in the
respective years.
(Rs. Crs)
Particulars
FY 2014
Average interest earning assets
Average yield
FY 2015
19,939
22,570
9.22%
9.06%
Profit and loss on sale on investments
Profits and losses on sale of investments represents the amount by which the proceeds from the sale of investments exceeds the carrying amount
of the investments that were sold. Profits and losses are booked considering the overall market condition and available investment opportunities.
Unrealised gain/loss
Unrealised gain represents for the year mark to market impact on the Unit Linked portfolio which is reflected under the head “Transfer/Gain on
revaluation/change in fair value” in the Revenue account with the contra effect in the head “Fund Reserve” in the Revenue Account. Unrealised
gain/loss movement for the period primarily represents the mark to market movement in the equity holding under the unit portfolio.
Total equity gain (realised and unrealized) was in line with the appreciation in equity market during the period.
iii. Other income (including fees and charges)
Other income includes fee collected on policy reinstatement, income from stale cheques (other than customer dues and statutory payouts) and
interest earned on loans given to policyholders. This also includes certain one off items such as damages recovered by the Company towards
certain deficiencies in service as per the terms of agreement.
37
Reports and reviews
(Rs. Crs)
iv. Expenses (including commission)
Particulars
(Rs. Crs)
Particulars
FY 2014
Commission
Operating expenses
FY 2015
148
206
1,483
1,238
285
217
Taxes
FY2014
FY2015
Growth
Repairs
12
12
0.0%
Others1
447
250
-44.1%
1,359
1,140
-16.1%
Total expenses2
Includes provisions for doubtful debts
Does not include service tax charge on linked charges of Rs. 98
crores (previous year Rs. 124 crores) which though routed through
Revenue account has no impact on the surplus as this is set off against
a contra entry in fund reserves in the Revenue account.
1
2
Total expenses
1,916
1,661
The total expenses are further analysed below:
Commission expenses
(Rs. Crs)
Particulars
FY 2014
FY2015
v. Benefits paid
New business
186
137
Renewal business
(33)
72
(5)
(3)
148
206
Reinsurance commission
Total
The Company continued its drive to rationalise expenses and
accordingly the expenses were down by 16% compared to the
corresponding period of previous year.
A summary of benefits paid is provided below:
(Rs. Crs)
Particulars
Surrenders
The reduction in new business commission by 26% for FY2015 is
largely attributable to change in product mix from participating to
linked and group products where the commissions are much lower.
The participating mix is down from 34% for FY2014 to 13% in FY2015.
The increase in renewal commission is largely attributable to reversal
of old unclaimed commission which the Company had accrued until
FY2014 for terminated agents and subsequently reversed at end of
FY2014.
Operating expenses
The total operating expenses of the Company are analysed as follows:
(Rs. Crs)
Particulars
Employee’s remuneration and
welfare benefits
FY2014
FY2015
Growth
628
647
3.0%
Advertisement and publicity
65
57
-12.3%
Rents, rates and taxes
47
35
-25.5%
Communication expenses
30
38
26.7%
Agents training, recruitment
and incentives
37
16
-56.8%
Legal and professional charges
10
11
10.0%
Depreciation
22
21
-4.8%
Information technology cost
61
53
-13.1%
FY2014
FY2015
7,194
6,733
Mortality (Death) claims
649
737
Maturity and annuity claims
473
515
Survival and other benefits
204
294
Amount recovered from reinsurer
(43)
(49)
8,477
8,230
Total claims1
Does not include interim bonus paid of Rs. 7 crores (previous year:
Rs. 5 crores)
1
Benefits paid represent amounts paid to policyholders or their legal
heirs, on occurrence of an insured event as per the contractual terms
of insurance contract.
Surrender benefits include benefits paid on surrender/foreclosure
of contracts in line with the policy terms. Surrender benefits largely
pertain to linked contracts where the customers have an option
to encash their fund value post the lock-in period. The Company
has taken some early steps in curtailing surrenders by educating
customers on benefits of staying long which is reflecting in lower
surrenders despite the increase improvement in the stock market.
The increase in mortality results from the high amount of protection
the Company has been selling in the past few years largely on the
group platform.
Maturity and survival claims are in line with the expected payouts as
per the portfolio of the Company and as per the terms of contract
with customers.
Reports and reviews
(Rs. Crs)
vi. Change in valuation of liability is respect of life policies
(Rs. Crs)
Particulars
FY2014
FY2015
33,209
36,742
184
124
1,648
1,924
40,912
45,540
- Shareholders’
5,810
7,187
- Policyholders’
11,536
14,438
Asset held to cover linked liabilities
21,433
21,929
255
227
1,877
1,759
40,912
45,540
27
65
Policyholders’ funds
Funds for future appropriations
Change in non-unit reserves
Current liabilities and provisions
Total
- Participating
- Non participating
1,892
2,016
1,118
882
36
79
- Linked (non-unit)*
Change in unit reserves
Total
(3,209)
357
(163)
3,334
Application of funds
Investments
Fixed assets
Current assets, loans and advances
*includes reserve for discontinued policies Rs. 139 crores (previous
year Rs. 97 crores).
Change in valuation of liability represents the change in actuarial
liability set up in respect of policies in force and for policies in respect
of which premium has been discontinued but a liability still exists.
Change in reserves charged to the Revenue account is the difference
between policy liabilities as on two Balance Sheet dates.
At March 31,
2015
At March 31,
2014
Particulars
Total
Contingent liabilities
Sources of funds
i. Equity capital and reserves (Shareholders’ funds)
Equity capital
Reserves on both participating and non-participating policies are
calculated using the gross premium method, using assumptions for
interest, mortality, expense, inflation and, in the case of participating
policies, future bonuses together with allowance for taxation and
allocation of profits to shareholders. These assumptions are derived
from analysis of actual experience, with allowance for prudent
margins for adverse deviation.
Reserves for participating line of business has increased on account
of increase in asset shares of the Participating policyholders’ during
the year due to change in asset share methodology as approved by
the with-profit committee.
Change in unit reserve in respect of linked business is the change in
value of the units standing to the credit of policyholders, using the
Net Asset Value (NAV) prevailing at the valuation date.
b. Financial condition
The following table sets forth, on the dates indicated, the summarised
Balance Sheet.
1. Shareholding pattern and transfer of shares
The shareholding pattern of the Company is as follows:
At March 31, 2014
Particulars
Bajaj Finserv
Limited
Allianz SE
Total
At March 31, 2015
No.
Percentage of
No.
Percentage
of shares
holding
of shares
of holding
111,524,660
74%
111,524,660
74%
39,184,340
26%
39,184,340
26%
150,709,000
100%
150,709,000
100%
There has been no transfer of shares during the year and the
shareholding pattern is in accordance with the statutory and
regulatory requirements.
The Company is subject to the minimum solvency requirements (i.e.
excess of value of assets over value of insurance liabilities) prescribed
by IRDA. The solvency margin was 761.0% at March 31, 2015 as
against 733.5% at March 31, 2014, compared to minimum 150%
solvency margin prescribed by IRDA for life insurers.
(Rs. Crs)
Particulars
At March 31,
2014
At March 31,
2015
Sources of funds
Equity capital and reserves
(Shareholders’ funds)
5,871
6,749
39
Reports and reviews
function of performance of the equity markets and the mix of equity
and mutual funds in the portfolio.
Reserves and surplus
A summary of reserves and surplus is provided in the table below:
(Rs. Crs)
Particulars
Share premium
1,060
1,060
-
5
466
553
1,526
1,618
Revaluation reserve
Balance of profit in Profit and Loss
account
Total
At March 31,
2015
At March 31,
2014
For movement in policy liabilities and provisions for linked liabilities
refer the explanation furnished under point a. vii above on “Change
in valuation of liability is respect of life policies”.
Funds for discontinued polices represent funds pertaining to lapsed
or surrendered linked policies which have not completed the
minimum lock in period and hence parked in a separate fund as per
the guidelines issued by IRDAI in this respect.
iii. Funds for future appropriations (FFA)
During the year, the Company has reclassified one of its property
held as fixed asset to investment property. The historical cost of the
property was Rs. 16 crores. In accordance with the IRDA Regulations,
2002 (Preparation of Financial Statements and Auditors’ Report of
Insurance Companies), this investment property has been revalued
at March 31, 2015 at Rs. 21 crores. The value of investment property is
required to be disclosed at the revalued amount in the Balance Sheet
and the change in carrying amount is classified under revaluation
reserve. The value of the property is based on valuation performed by
an independent valuer at March 31, 2015.
Summary of funds for future appropriations is provided in the table
below:
(Rs. Crs)
Particulars
FFA – Participating
At March 31,
2015
At March 31,
2014
184
124
FFA for the Participating segment indicates the amount of
unappropriated profits held in the Balance Sheet based on the
recommendation of the Appointed Actuary.
The net-worth of the Company as at March 31, 2015 is Rs. 6,749 crore
as compared to Rs. 5,871 crore at March 31, 2014.
iv. Current liabilities and Provisions
ii. Policyholders’ funds
Current liabilities
A summary of Policyholders’ funds is provided in the table below:
A summary of current liabilities is provided in the table below:
(Rs. Crs)
Particulars
Fair value change account
At March 31,
2015
At March 31,
2014
68
208
Policy liabilities
11,708
14,606
Provision for linked liabilities
21,288
21,645
145
284
33,209
36,742
Funds for discontinued polices
Total
Fair value change account represents unrealised gain (net) as on the
Balance Sheet date on equity and mutual fund securities pertaining
to Policyholders’ non linked investments. Such mark to market
treatment of equity and mutual fund securities as on the reporting
date is in line with requirements of Insurance Regulatory and
Development Authority (Preparation of Financial Statements and
Auditor’s report of Insurance Companies) Regulations, 2002 which
require Equity and Mutual fund assets to be reflected at their current
fair value in the Balance Sheet and the mark to market adjustment
being reflected under “Fair value change account” on the liability
side of the Balance Sheet. Movement in fair value change account is a
(Rs. Crs)
Particulars
At March 31,
2015
At March 31,
2014
Amount pertaining to policyholders
- Unclaimed amount of Policyholders
544
424
- Unallocated premium
107
93
- Premium received in advance
32
21
- Policyholders’ claims payable
88
103
Payables for unsettled investment
contracts
197
378
Sundry creditors and payables for
expenses
265
252
Payable to agents (Agents balances)
69
76
Taxes payable
10
7
Other liabilities
13
170
1,325
1,525
Total
(a) The unclaimed amount to policyholder is Rs. 424 crores as at
March 31, 2015 as compared to Rs. 544 crores as at March 31, 2014.
These break-up of the said amount is summarised below:
• Claims settled but not paid due to reasons other than litigation:
Rs. 57 crores was outstanding at March 31, 2015(Rs. 90 crores
Reports and reviews
at March 31, 2014) – these largely pertain to the amounts in the
process of being paid out (within the prescribed turn around time)
and amounts held for want of clear title of nominee;
Provisions
A summary of provisions is provided in the table below:
(Rs. Crs)
• Sums due to the insured/policyholders on maturity or otherwise:
Rs. 101 crores was outstanding at March 31 2015 (Rs. 200 crores
at March 31, 2014) – these are largely attributable to maturity and
annuity claims remaining unpaid for want of policy bond or discharge
form or existence certificate from the recipient;
Particulars
Taxation
(b) Unallocated premium mainly includes amount received toward
proposed insurance contract that will be recognised as premium post
underwriting or fulfilment of requirements by the customer. This also
includes monies kept with the Company by Group policyholders to
take care of ongoing additions to the Group policy.
(c) Premium received in advance is held in accordance with the
IRDAI guidelines and as per file and use and will be recognised as
premium income on the due date of the policy.
(d) Policyholders’ claims payable represent amounts payable to the
policyholders that are intimated to the Company and are outstanding
as a part of the normal claims process or pending due to incomplete
documentation from the policyholders or pending investigations or
may be under litigation.
(e) Payable unsettled investment contracts represents amount
outstanding towards investment trades of last few days that are
pending settlement.
(f) Sundry creditors and payables for expenses represent amounts
payable to various service providers towards goods and services
availed by the Company along with the provision for the services
availed/goods received but bills not received.
(g) Agents’ balances represents amount payable to advisors
towards commission as on the Balance Sheet date. This also includes
commission on new business though accrued in the books is paid
only subject to the prescribed persistency criteria being met.
(h) Taxes payable represent tax deducted and payable under various
tax rules and regulations, such taxes will be paid in due course within
their due dates.
(i) Other liabilities primarily includes Rs. 103 crores received
towards unit linked contracts on the last day which are transferred
to the unit fund subsequently and hence held as a current liability
(March 31, 2014: Rs. Nil). It also includes Rs. 54 crores bank overdraft
as per the books of accounts (March 31, 2014: Rs. Nil); this overdraft
is merely a book overdraft backed by sufficient bank balance.
At March 31,
2014
277
355
46
44
323
399
Provision for Leave Encashment, long
term incentive plan and Gratuity
Total
• Cheques issued but not encashed by the policyholder/insured:
Rs. 266 crores was outstanding at March 31, 2015 (Rs. 254 crores at
March 31, 2014) – these pertain to cases where cheques have been
sent to customer but are lying unencashed.
At March 31,
2015
Provision for taxation includes provisions towards the expected
wealth tax and income tax liability of the Company.
Company’s liability towards leave encashment, long term incentive
plan and gratuity is actuarially valued and is as per the requirements
of revised Accounting Standard 15 (Revised) on Employee Benefits.
i. Investments
A statement of total investments made by the Company is given
below:
(Rs. Crs)
Particulars
At March 31,
2014
At March 31,
2015
Investments
- Shareholders’
5,810
7,187
- Policyholders’
11,536
14,438
Asset held to cover linked liabilities*
21,433
21,929
Total
38,780
43,554
*includes discontinued fund assets Rs. 284 crores at March 31, 2015
(Rs. 145 crores at March 31, 2014)
As indicated above, total investments grew by 12.7% from Rs. 38,780
crores as at March 31, 2014 to Rs. 43,554 crores as at March 31, 2015.
The Shareholders’ investments grew by 23.7% from Rs. 5,810 crores
as at March 31, 2014 to Rs. 7,187 crores as at March 31, 2015 which is
largely attributable to the surplus generated during the year and the
income earning on the existing funds. The Policyholders’ non linked
funds grew by 25.2% from Rs. 11,536 crores as at March 31, 2014 to
Rs. 14,438 crores as at March 31, 2015 which is largely attributable
to net inflows into the fund. Linked funds grew by only 2.3% from Rs.
21,433 crores as at March 31, 2014 to Rs. 21,929 crores as at March
31, 2015 which is largely attributable to the mark to market gains
arising from the improvement in the equity market during FY2015.
41
Reports and reviews
ii. Fixed Assets
A statement of movement of fixed assets is given below
(Rs. Crs)
Particulars
At March 31,
2015
At March 31,
2014
Gross block
525
475
Less: Accumulated depreciation
269
250
Net block
255
225
-
2
255
227
Add: Capital work in progress
Net fixed assets
The decrease in the net block is mainly attributable to a reclassification
one of the Company’s property held as fixed asset to investment
property. The historical cost of the property was Rs. 16 crores.
iii. Current assets, loans and advances
(Rs. Crs)
At March 31,
2015
At March 31,
2014
Income accrued on investments
682
805
Cash and bank balances
732
452
Outstanding premium
272
262
Policyholders’ loans
53
96
Sundry Debtors (Investments)
49
53
Other advances and receivables
41
42
Prepayments
26
28
Deposits
22
21
1,877
1,759
Total
(f) Other advances and receivables primarily include advances
made in the ordinary course of business for services to be availed
in the future, service tax unutilized credit and recoverables from
reinsurers.
(g) Prepayments includes amounts paid in advance as per
contractual terms with vendors for services to be utilized in the
future. This also includes license fees paid to IRDAI.
(h) Deposits represent deposits placed for premises taken on lease
as well as for leased accommodations for employees. It also includes
electricity, telephone and other utility deposits.
Contingent liability
A summary of current assets, loans and advances is provided in the
table below:
Particulars
(e) Sundry debtors (investments) represents amount receivable
from counter-parties for investment trades done on the last few days
of the year where settlement is pending.
The contingent liability at March 31, 2015 has increased to Rs. 66
crores as against Rs. 27 crores at March 31, 2014. The increase is
mainly attributable towards a demand of Rs. 36 crores raised afresh
by the Service Tax Authorities, Pune in respect of certain service tax
positions taken by the Company. The balance increase is attributable
to increase in litigations pending with various consumer forums/
courts.
(a) Income accrued on investments represents interest income
accrued but not due for payment as at March 31, 2015. This largely
pertains to interest on fixed deposits, Government securities and
debentures. The increase is attributable to the increase in the debt
investments of the Company.
(b) Cash and bank balances represent amounts collected during last
few days of the financial year and also includes cheques on hand and
cheques deposited but not cleared.
(c) Outstanding premium represents renewal premium income
accrued on traditional products which are due within the grace
period.
(d) Policyholders’ loan represents the loans to policyholders’ as
per the terms of the insurance contract. The amount outstanding
includes the principal and accumulated interest thereon.
43
4444
Financial Statements
MANAGEMENT REPORT
6. Valuation of assets in the Balance Sheet
for the year ended March 31, 2015
The values of all the assets have been reviewed on the date of Balance
Sheet and in the Management’s belief, the assets set forth under each
of the headings in the Balance Sheet are shown in the aggregate
at amounts not exceeding their realizable or market value under
their related headings - “Loans”, “Investments”, “Agents balances”,
“Outstanding Premiums”, “Income accrued on investments”,
“Amounts due from other entities carrying on insurance business
(including amounts due from reinsurers)”, “Cash” and the several
items specified under “Advances” and “Other Accounts” except debt
securities held in non-linked and Shareholder’ funds.
In accordance with the Insurance Regulatory and Development
Authority (‘IRDA’) (Preparation of Financial Statements and Auditors’
Report of Insurance Companies) Regulations, 2002, the following
Management Report is submitted for the financial year ended March
31, 2015.
With respect to the operations of Bajaj Allianz Life Insurance Company
Limited (‘the Company’) for the financial year ended March 31, 2015
and the results thereof, the management of the Company confirms
that:
1. Certificate of registration
The registration certificate granted by Insurance Regulatory and
Development Authority of India (IRDAI) is in force as on the date of
this report and the same has been renewed for the year ended March
31, 2016.
2. Statutory liabilities
As prescribed by IRDAI (Preparation of Financial Statements and
Auditor’s Report of Insurance Companies) Regulations 2002, all
debt securities held under the Shareholders’ and non-linked funds,
including government securities, are considered as ‘held to maturity’
and accordingly measured at historical cost, subject to amortization
of premium or accretion of discount in the Revenue account or the
Profit and Loss account over the period of maturity/holding.
At March 31, 2015 the market and book value of these investments
were as follows:
(Rs. 000)
All dues payable to the statutory authorities have been duly paid
except those under dispute or disclosed under contingent liabilities
in the notes to the accounts forming part of financial statements.
Value as per Balance Sheet
Particulars
Market value
March 31,
March 31,
March 31,
March 31,
2015
2014
2015
2014
Debt investments
3. Shareholding pattern and transfer of shares
held in Non-linked
There has been no transfer of shares during the year and the
shareholding pattern is in accordance with the statutory and
regulatory requirements.
and Shareholders’
205,572,362
167,057,373
213,985,069
163,151,373
funds
7. Application and Investments of Life Insurance fund
The shareholding pattern of the Company is as follows:
Particulars
At March 31, 2015
At March 31, 2014
74%
74%
Allianz SE
26%
26%
100%
100%
Total
4. Investments outside India
We certify that, no part of the Life Insurance fund has been directly
or indirectly applied in contravention of the Insurance Act, 1938 (4 of
1938) relating to the application and investment of the Life Insurance
fund.
8. Overall risk exposure and strategy adopted to mitigate the
same
5. Solvency margin
The Company recognizes the importance of internal controls and risk
management in sustaining the business continuity and endeavors to
make risk management and control an essential component of the
business culture which is exposed to different types of risks arising
from both internal and external sources.
We hereby confirm that the Company has maintained adequate
assets to cover both its liabilities and required solvency margin as
prescribed under Section 64VA of the Insurance Act, 1938 and the
IRDA (Assets, Liabilities and Solvency Margin of Insurers) Regulations,
2000.
The Company is committed towards managing risks in line with its
stated risk appetite through a systematic framework which identifies,
evaluates, mitigates and monitors risks that could potentially have a
material impact on the value of the organization or potentially hinder
the organization in achieving its stated business objectives and goals.
Particulars
There is a defined risk governance framework in place to address the
risk management objectives of the Company. The risk governance
structure of the Company consists of the Board, the Board Risk
No investments, directly or indirectly have been made outside India
from the funds of the holders of policies issued in India.
Actual solvency ratio
Required solvency ratio
At March 31, 2015
At March 31, 2014
733.5%
761.0%
150%
Management Report | Auditor’s Report & Certificates | Revenue Account | Profit & Loss Account
43
Management Committee and the Executive Risk Committee. There
are then the various lines of defenses which include the Heads of
each department, Internal Audit and the Risk team, the Statutory and
Concurrent Auditors and lastly a Control Committee
b.
The key risks faced by the Company along with the mitigation
strategy adopted is detailed below:
Mortality and Morbidity risk: arises from unexpected losses
arising from unpredictability of mortality or longevity. The tools
used to mitigate this risk include close monitoring of retention
limits with adequate reinsurance, strengthened underwriting and
claims processes and adherence to defined procedures. In addition,
experience analysis helps identify deviations, if any for immediate
course correction.
a. Investment risks
Market risk: is attributable to the unexpected losses that may arise
due to changes in market prices or parameters influencing market
prices. In particular, these include changes driven by equity prices
and interest rates. This may not only impact earnings through
investment income but also other earnings dependent on market
value of investments such as fund management charges earned on
the market value of unit linked investments.
Market risk is largely mitigated through the Asset Liability
Management (ALM) framework adopted by the Company. The
framework aims at minimizing the impact, on earnings, arising from:
(a) Mismatch between the value of investments and liabilities –
which is addressed by minimizing duration gap between assets and
liabilities,
(b) Mismatch between timing of expected cash inflows and
outflows – which is addressed by the cash flow matching.
In addition, the risk on products with Guarantees is managed by:
(a) Holding adequate reserves for the cost of guarantee,
(b) Maintaining a desired mix between debt and equity.
Credit risk: is attributable to deterioration in the credit quality of
counterparties. Credit risk is managed by the Company through:
(a) Setting limits on Asset class, Investee Company, Investee
Company Group and Industry exposure of Investments. Norms
include those prescribed under Investment Regulations and those
set as internal limits based on the risk appetite of the Company,
(b) Dealings only with approved counter parties,
Insurance risk
Insurance risk largely arises from adverse movements in mortality,
morbidity, expenses and persistency as compared to product pricing.
Expense risk: is addressed through most granular expense tracking.
This entails tracking priced versus actual expenses separately for
acquisition and management expenses. Expenses projects are
undertaken to minimize the gap between priced and actual expenses.
Expense has also been included as a key performance indicator for all
function/sales heads.
Persistency risk: persistency is tracked separately for products,
channels and age buckets to monitor experience at granular level
for immediate course correction. Various initiatives are undertaken
to enhance persistency which include a set of structural changes
setting up a separate renewal vertical, focused program to enhance
persistency and diversified and enhanced product basket.
c. Operational risk: The Company may face unexpected financial
loss/losses resulting from inadequate or failed internal processes and
systems, from human misbehavior or errors or from external events.
A set of defined and standard procedures exist for all critical activities.
The Internal audit department performs regular audits and reports
the findings to the senior management and Audit Committee on
regular basis on deviations from norms. The review includes review
of processes, systems and procedures regularly. The Company has
also appointed a concurrent auditor for the investment function. ISO
9001 compliant processes are established in respect of customer
service and claims management.
d. Reputational risk: arises from unexpected drop in value of inforce business or value of future business which may arise from
decline in the reputation of the Company. The Company uses legal
recourse where necessary in the event of frivolous cases against the
Company. The Company also resorts to crisis communication in case
of such eventuality.
(c) Limiting exposure to high rated debt instruments,
(d) Use of financially sound reinsurers.
Liquidity risk: may arise due to the Company’s inability to liquidate
investment positions to meet the claim commitments. The liquidity
risk is managed by timing the cash inflows and outflows through cash
flow matching and by maintaining a minimum mix of liquid assets.
e. Regulatory/Compliance risk: This risk may arise due to noncompliance to regulations or regulatory guidelines and change in
regulations impacting Company’s projected performance. In order to
mitigate the risk a Compliance tracker is maintained with timelines
and actionable. All regulatory guidelines and changes are apprised to
the relevant stakeholders and timely submission of the reports due
is ensured. Appropriate controls and systems are implemented to
identify possible gaps in compliance and assess further precautionary
measures with steps including enhanced interaction with Regulator
and Training & Awareness.
4444 Management Report | Auditor’s Report & Certificates | Revenue Account | Profit & Loss Account
f. Business continuity risk: this risk arises from unavailability of
infrastructure, systems and people to continue the key processes of
the Company at minimum acceptable levels with minimal impact
to the organization, its people and the customers. The Company
has a Disaster recovery (DR) site in a different seismic zone and a
documented Business Continuity (BCP) and a Disaster Recovery Plan
(DRP) which is tested on a periodic basis. The BCP sets out procedures
that defines how the business or business process will continue or
recover its critical functions in the event of an unplanned disruption
to normal operations. Managers initiate business continuity plan to
ensure that there is minimum disruption to their business processes
in the event of an interruption to services that normally support those
processes. The objective is to have a planned response in the event of
any contingency to ensure recovery of critical activities within agreed
timeframes and comply with various regulatory requirements.
The Company does not have any operations in a country outside of India.
(a) The average time taken by the Company from the date of submission
of the final requirement by the claimant to dispatch of claim payment, in
respect of mortality and morbidity claims, was as follows:
Period
Average claim settlement time (in days)
2014-15
8
2013-14
7
2012-13
7
2011-12
9
2010-11
11
2009-10
7
Traditional business
(Rs. ‘000)
At March 31, 2015
At March 31, 2014
Period
No. of Claims
Amount
No. of Claims
Less than 30
228,021
945
243,803
402
224,711
181
111,424
-
-
-
-
-
-
-
-
-
-
-
-
1,117
452,732
1,126
355,227
6 months to
1 year to 5
5 years and
above
Total
Amount
715
30 days to 6
years
Period
No. of Claims
Amount
No. of Claims
Less than 30
Days
45
11,824
122
27,463
12
3,762
15
4,535
-
-
-
-
-
-
-
-
-
-
-
-
57
15,586
137
31,998
30 days to 6
months
6 months to
1 year
1 year to 5
years
5 years and
above
Amount
11. Valuation of Investments
As required by IRDAI (Preparation of Financial Statements and
Auditor’s Report of Insurance Companies) Regulations 2002, all Non
Linked Policyholders’ and Shareholders’ investments are valued as
stated below:
All debt securities, including government securities, are considered
as ‘held to maturity’ and accordingly measured at historical cost,
subject to amortization of premium or accretion of discount in the
Revenue account or the Profit and Loss account over the period of
maturity/ holding.
(b) Ageing of mortality and morbidity claims registered but not settled:
1 year
At March 31, 2014
(a) Non linked investments
10. Claims
months
(Rs. ‘000)
At March 31, 2015
Total
9. Operations outside of India
Days
Linked business
Equities have been valued at market values, which have been
ascertained on the basis of the last quoted closing price on the NSE. In
case the equity shares are not listed on the NSE, then they are valued
on the last quoted closing price on BSE. Unlisted shares are stated at
historical cost subject to provision for diminution, if any, in the value
of such investment. Investments in the Mutual Funds are valued at
the Net Asset Values (NAV) of these Mutual Funds as on the Balance
Sheet date. Unrealized gains/losses arising due to changes in the fair
value of listed equity shares and mutual fund units are taken to the
“Fair Value Change Account” in the Balance Sheet.
Investments in Security Receipts, Venture Capital Fund, Fixed
Deposits and Loans are valued at cost.
Investment property is valued at historical cost, subject to revaluation,
at least once in every three years and provision for impairment, if any.
Gain/loss on revaluation, if any are taken to Revaluation Reserve in
the Balance Sheet.
(b) Linked and Discontinued fund investments
Unit linked investments and discontinued fund investments have
been valued on mark to market basis as stated below:
Balance Sheet | Cash Flow Statement | Schedules | Annexures
45
Equities have been valued at market values, which have been ascertained on the basis of the last quoted closing price on the NSE. In case the equity
shares are not listed on the NSE, then they are valued on the last quoted closing price on BSE.
Mutual fund units have been valued at the last available Net Asset Value declared by the respective mutual fund.
Government securities are valued at prices obtained from Credit Rating Information Services of India Ltd. (CRISIL).
Corporate bonds and Debentures other than government securities with a residual maturity over 182 days are valued on a yield to maturity basis,
by using spreads over the benchmark rate. It is based on the matrix released by the CRISIL Limited (‘CRISIL’) on daily basis to arrive at the yield for
pricing the security. Corporate bonds and Debentures with a residual maturity upto 182 days are valued at last valuation price plus the difference
between the redemption value and last valuation price, spread uniformly over the remaining maturity period of the instrument.
Treasury bills, Certificate of Deposits and Commercial Papers are valued at historical cost, subject to accretion of discount over the period of
maturity/holding on a straight-line basis. Fixed deposit with banks and investment in loans are valued at cost.
Equity Exchange Traded Funds (ETF) are valued as equity shares. In case the ETF is not traded either on NSE or BSE on any day, NAV as published by
the Mutual Fund is considered for valuation.
12. Review of asset quality and performance of investments
All investments are made in accordance with the regulatory norms, the Investment Policy, fund objectives of unit linked funds, asset liability
management guidelines and risk profile of the respective fund.
(a) Asset composition
The asset composition of investment assets of the company as at March 31, 2015 is as follows:
Asset class
(Rs. ‘000)
Total
%
Equities
172,515,254
39.61%
Government securities
143,646,203
32.98%
Debenture and bonds
71,850,025
16.50%
Money market instruments
21,653,115
4.97%
Fixed deposits
16,538,600
3.80%
1,000,531
0.23%
206,400
0.05%
Equity ETF
1,076,593
0.25%
Net current asset & other investments
7,050,971
1.62%
435,537,692
100.00%
Liquid mutual fund
Investment property
Total
The Company has invested in well diversified investment portfolio. Substantial portion of the investments are readily marketable thereby
extending good liquidity support. Out of the total investment assets of the Company 49.7% of the assets are attributable to linked funds and 50.3%
to non-linked funds.
76% of the linked funds are invested in equities. 96% of non-linked funds is invested in debt instruments.
72% of the total equity portfolio is invested in Nifty 50 stocks and 93% of the total equity portfolio is invested in stocks forming part of CNX 500.
The Company maintains a strong quality of fixed income portfolio at all point of time. 95.8% of the fixed income portfolio is held in highest credit
rated securities (Sovereign/AAA or equivalent). 99.3% of the Company’s investments in fixed income portfolio is rated AA or above. The company
doesn’t hold any non-performing assets in the debt portfolio.
(b) Fund performance
Linked policyholders’ funds:
Fund performance of major linked funds covering 95% of the AUM over a one, three and five year duration is as follows:
Fund Name
SFIN
AUM*
(Rs. ‘000)
Fund returns
1 Year
3 Year
5 Year
Equity funds
Equity Growth Fund
ULIF02924/07/06EQGROWFUND116
45,765,651
38.48%
22.17%
15.42%
Equity Growth Fund II
ULIF05106/01/10EQTYGROW02116
8,563,357
39.77%
23.13%
17.34%
Equity Plus Fund
ULIF00723/07/04EQPLUSFUND116
6,354,756
38.25%
21.88%
14.68%
Equity Gain Fund
ULIF00523/07/04EQGAINFUND116
5,022,735
42.85%
22.69%
14.34%
Pure Stock Fund
ULIF02721/07/06PURESTKFUN116
4,356,543
57.99%
27.65%
17.33%
Equity Growth Pension Fund
ULIF03624/07/06EQTYGROPEN116
1,668,646
Benchmark return
39.00%
22.78%
17.15%
26.65%
17.04%
10.10%
58.44%
24.03%
14.08%
Equity Mid Cap funds
Acc Mid Cap Fund
ULIF03124/07/06ACCEMIDCAP116
6,043,773
Acc Mid Cap Fund II
ULIF05206/01/10ACCMIDCA02116
5,736,309
58.71%
24.55%
14.93%
Equity Midcap Plus Fund
ULIF01809/03/05EQUMIDPLUS116
1,236,822
50.43%
21.48%
12.87%
Acc Mid Cap Pension Fund
ULIF03324/07/06ACCEMIDPEN116
960,366
61.47%
25.51%
15.05%
50.96%
19.02%
11.03%
43,024,674
25.43%
16.71%
9.83%
Benchmark return
Index funds
Equity Index Fund II
ULIF03024/07/06EQTYINDX02116
Blue Chip Equity Fund
ULIF06026/10/10BLUECHIPEQ116
3,306,037
24.83%
16.93%
-
Equity Index Pension Fund II
ULIF03724/07/06EQINDPEN02116
2,754,781
25.30%
17.33%
10.20%
Equity Fund
ULIF00315/01/04EQUITYFUND116
2,157,374
23.86%
16.17%
9.18%
Group Equity Index Fund
ULGF00822/02/10GREQTYINDX116
1,485,264
24.83%
16.97%
9.62%
Equity Index Fund
ULIF00623/07/04EQINDEFUND116
1,068,242
25.63%
17.74%
10.60%
26.65%
17.04%
10.10%
Benchmark return
Balanced funds
Asset Allocation Fund
ULIF04528/09/07ASSETALLOC116
22,350,634
32.16%
17.96%
12.53%
Secure Fund
ULGF00215/10/04SECUREFUND116
3,065,687
17.70%
12.90%
10.70%
Group Asset Allocation Fund
ULGF00926/02/10GRASSALLOC116
2,997,575
31.97%
17.87%
14.36%
Asset Allocation Pension Fund
ULIF04628/01/08ASALLOCPEN116
1,437,523
35.37%
18.86%
12.91%
Stable Fund
ULGF00115/09/04STABLEFUND116
1,180,106
21.77%
16.12%
11.97%
22.53%
14.55%
9.74%
Benchmark return
Debt funds
Bond Fund
ULIF02610/07/06BONDFUNDLI116
9,395,592
15.47%
10.49%
9.15%
Group Debt Fund II
ULGF01924/06/13GRDEBTFU02116
3,456,675
15.98%
-
-
Guaranteed Bond Fund
ULIF06322/09/11GTEBONDFND116
2,433,347
12.59%
9.52%
-
Group Debt Fund
ULGF00426/03/08GRDEBTFUND116
2,254,484
15.97%
10.57%
9.61%
Shield Plus Fund I
ULIF05313/01/10SHIELDPL01116
1,898,646
14.75%
10.13%
8.68%
Shield Plus Fund III
1,289,273
14.79%
10.54%
-
14.59%
9.32%
8.13%
Benchmark return
47
Fund Name
Fund returns
AUM*
(Rs. ‘000)
SFIN
1 Year
3 Year
5 Year
Liquid fund
ULIF02510/07/06LIQUIDFUND116
2,410,928
Benchmark return
8.53%
8.70%
8.35%
8.98%
8.89%
8.26%
10.08%
Other funds
Max Gain Fund I
ULIF05017/12/09MAXGAINF01116
8,730,981
22.19%
14.73%
Max Gain Fund II
2,156,227
20.88%
14.43%
-
Benchmark return
-
-
Non-linked policyholders’ and Shareholders’ funds:
Fund performance of non-linked policyholders’ and shareholders’ funds is as follows:
FY2015
FY2014
1 year return
Particulars
1 year return
AUM (in Rs. ‘000)*
AUM (in Rs. ‘000)*
Market value
Book value
Market value
Book value
Policyholders' fund
Participating
88,766,418
18.53%
9.94%
68,102,325
4.92%
9.11%
Non- participating
55,612,416
14.97%
9.64%
47,259,854
6.35%
8.99%
Shareholders' fund
71,866,187
15.41%
9.67%
58,104,832
6.32%
9.46%
Note:
*AUM at March 31 of respective year.
Linked fund returns computed based on point to point NAV movement and for other funds based on investment income/monthly average
investment.
13. Payments made to parties in which Directors are interested
The details of such payments for the year ended March 31, 2015 are as follows:
Name of the Director
Mr. Rahul Bajaj
Mr. Sanjiv Bajaj
Entity in which Director is interested
Bajaj Finance Limited
(Rs. ‘000)
Interested as
Director
Mr. Rahul Bajaj
Director
Mr. Sanjiv Bajaj
Chairman
Mr. Niraj Bajaj
Director
Mr. KameshGoyal
Director
Mr. Ranjit Gupta
Mr. Sanjay Asher
Bajaj Allianz General Insurance Company Limited
Mr. S. H. Khan
Director
Director
Director
Mr. Manuel Bauer
Director
Hind Musafir Agency Limited
Mr. Niraj Bajaj
Mr. Rahul Bajaj
Mr. S. H. Khan
Mr. Sanjiv Bajaj
1,227,909
51,401
45,455
69,709
47,690
1,811
400
Director
Mr. Suraj Mehta
Mr. Niraj Bajaj
FY 2014
654,374
Director
Mr. Manu Tandon
Mr. Rahul Bajaj
FY 2015
Chairman & Member
Member
Member
Member
Director & Member
Director
Director & Member
14. Management responsibility statement
The Management confirms that:
(a) In the preparation of financial statements, the applicable accounting standards, principles and policies are followed along with proper
explanations relating to material departures, if any;
(b) The management has adopted accounting policies and applied them consistently and made judgements and estimates that are reasonable
and prudent so as to give a true and fair view of the state of affairs of the Company at the end of the financial year and of the operating profit
and of the profit of the Company for the year;
(c) The management has taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the
applicable provisions of the Insurance Act, 1938 and the Companies Act, 2013, for safeguarding the assets of the Company and for preventing
and detecting fraud and other irregularities;
(d) The management has prepared the financial statements on a going concern basis;
(e) The management has ensured that an internal audit system commensurate with the size and nature of the business exists and is operating
effectively.
For and on behalf of the Board of Directors
Sanjiv Bajaj
Chairman
S H Khan
Director
Ramandeep Singh Sahni
Chief Financial Officer
Saisrinivas Dhulipala
Appointed Actuary
Ranjit Gupta
Director
Anuj Agarwal
Managing Director & Chief Executive Officer
Sameer Bakshi
Chief Risk Officer & Company Secretary
Date : May 15, 2015
Place: Pune
49
Independent Auditors’ Report
To the Members of
Bajaj Allianz Life Insurance Company Limited
Report on the Standalone Financial Statements
We have audited the accompanying standalone financial statements of Bajaj Allianz Life Insurance Company Limited (“the Company”), which comprise the Balance Sheet as at March 31, 2015, the related Revenue Account (also called the “Policyholders’ Account” or the “Technical Account”), the
Profit and Loss Account (also called the “Shareholders’ Account” or “Non-Technical Account”) and the Receipts and Payments Account for the year
then ended, and a summary of significant accounting policies and other explanatory information.
Management’s Responsibility for the Standalone Financial Statements
The Company’s Board of Directors is responsible for the matters stated in Section 134(5) of the Companies Act, 2013 (“the Act”) with respect to
the preparation of these standalone financial statements that give a true and fair view of the Balance Sheet, the related Revenue Account, the Profit
and Loss Account and the Receipts and Payments Account of the Company in accordance with accounting principles generally accepted in India,
including the provisions of the Insurance Act, 1938 (the “Insurance Act”) (amended by the Insurance Laws (Amendment) Act, 2015), the Insurance
Regulatory and Development Authority Act, 1999 (the “IRDA Act”), the Insurance Regulatory and Development Authority (Preparation of Financial
Statements and Auditor’s Report of Insurance Companies) Regulations, 2002 (the “IRDA Financial Statements Regulations”), orders/directions/
circulars issued by the Insurance Regulatory and Development Authority (the “IRDA”) in this regard, and the Accounting Standards specified under
Section 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014.
This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies;
making judgements and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial
controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, the relevant to the preparation and
presentation of the financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error.
Auditors’ Responsibility
Our responsibility is to express an opinion on these financial statements based on our audit. We have taken into account the provisions of the Act,
the accounting and auditing standards and matters which are required to be included in the audit report under the provisions of the Act and Rules
made thereunder.
We conducted our audit in accordance with the Standards on Auditing specified under Section 143(10) of the Act. Those Standards require that we
comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free
from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures
selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether
due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the Company’s preparation of the financial
statements that give a true and fair view in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on whether the Company has in place an adequate internal financial controls system over financial reporting and the operating
effectiveness of such internal controls. An audit also includes evaluating the appropriateness of the accounting policies used and the reasonableness
of the accounting estimates made by the Company’s Directors, as well as evaluating the overall presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion on the Standalone financial
statements.
Opinion
In our opinion and to the best of our information and according to the explanations given to us, the aforesaid standalone financial statements give the
information required in accordance the Insurance Act, the IRDA Act, the IRDA Financial Statements Regulations and the Act to the extent applicable
and in the manner so required, and give a true and fair view in conformity with the accounting principles generally accepted in India, as applicable
to Insurance Companies:
(a) in the case of the Balance Sheet, of the state of affairs of the Company as at March 31, 2015;
(b) in the case of Revenue Account, of the net surplus for the year ended on that date;
(c) in the case of Profit and Loss Account, of the profit for the year ended on that date; and
(d) in the case of the Receipts and Payments Account, of the receipts and payments for the year ended on that date.
Other Matter
The actuarial valuation of liabilities for life policies in force is the responsibility of the Company’s Appointed Actuary (the “Appointed Actuary”). The
actuarial valuation of these liabilities for life policies in force and for policies in respect of which premium has been discontinued but liability exists
as at March 31, 2015 has been duly certified by the Appointed Actuary and in his opinion, the assumptions for such valuation are in accordance with
the guidelines and norms issued by the Insurance Regulatory Development Authority (“IRDA” / “Authority”) and the Institute of Actuaries of India
in concurrence with the Authority. We have relied upon Appointed Actuary’s certificate in this regard for forming our opinion on the valuation of
liabilities for life policies in force and for policies in respect of which premium has been discontinued but liability exists on standalone financial statements of the Company.
Report on Other Legal and Regulatory Requirements
1.
As required by the IRDA Financial Statements Regulations, we have issued a separate certificate dated May 15, 2015 certifying the matters
specified in paragraphs 3 and 4 of Schedule C to the IRDA Financial Statements Regulations.
2.
As required by the IRDA Financial Statements Regulations, read with section 143(3) of the Act, we report that:
(a) We have sought and obtained all the information and explanations which to the best of our knowledge and belief were
necessary for the purposes of the audit;
(b) In our opinion and to the best of our information and according to the explanations given to us, proper books of account as
required by law have been kept by the Company, so far as appears from our examination of those books;
(c) The Balance Sheet, the Revenue Account, the Profit and Loss Account and the Receipts and Payments Account dealt with by
this Report are in agreement with the books of account;
(d) In our opinion, the aforesaid standalone financial statements comply with the Accounting Standards specified under
Section 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014 and with the accounting principles as pre
scribed in the IRDA Financial Statements Regulations and orders / directions issued by IRDA in this regard;
(e) In our opinion and to the best of our information and according to the explanations given to us, investments have been
valued in accordance with the provisions of the Insurance Act, the Regulations and / or orders / directions issued by IRDA in
this regard;
(f) On the basis of written representations received from the Directors of the Company, as on March 31, 2015 and taken on
record by the Board of Directors, none of the Directors is disqualified as on March 31, 2015 from being appointed as a
Director in terms of Section 164 (2) of the Act.
51
(g) With respect to the other matters to be included in the Auditor’s Report in accordance with Rule 11 of the Companies
(Audit and Auditors) Rules, 2014, in our opinion and to the best of our information and according to the explanations given
to us:
i. The Company has disclosed the impact of pending litigations on its financial position in its financial statements –
Refer schedule 16 note 2 (s) to the financial statements;
ii. The Company has made provision, as required under the applicable law or accounting standards, for material foresee
able losses, if any, on long-term contracts including derivatives contracts – Refer schedule 16 note 2 (t) to the financial
statements;
iii. There were no amounts which were required to be transferred to the Investor Education and Protection Fund by the
Company.
For S. R. BATLIBOI & CO. LLP
For KIRTANE & PANDIT LLP
Chartered Accountants
ICAI Firm Registration No: 301003E
ICAI Firm Registration No: 105215W/W100057
per Shrawan Jalan
Suhas Deshpande
Partner
Partner
Membership No: 102102
Place : Pune
Place : Pune
Date : May 15, 2015
Date : May 15, 2015
Independent Auditors’ Certificate
(Referred to in paragraph 1 of our Report on Other Legal and Regulatory Requirements forming part of the Independent Auditors’ Report dated May
15, 2015)
This certificate is issued to comply with the provisions of paragraphs 3 and 4 of Schedule C of the Insurance Regulatory and Development Authority
(Preparation of Financial Statements and Auditor’s Report of Insurance Companies) Regulations 2002, (the “Regulations”) read with regulation 3 of
the Regulations.
Management of the Company is responsible for complying with the provisions of The Insurance Act, 1938 (the “Insurance Act”), the Insurance
Regulatory and Development Authority Act, 1999 (the “IRDA Act”), the Insurance Regulatory and Development Authority (Preparation of Financial
Statements and Auditor’s Report of Insurance Companies) Regulations, 2002 (the “IRDA Financial Statements Regulations”), orders/directions
issued by the Insurance Regulatory and Development Authority (the “IRDA”) which includes the preparation of the Management Report. This includes collecting, collating and validating data and designing, implementing and monitoring of internal controls suitable for ensuring compliance
as aforesaid.
Our responsibility, for the purpose of this certificate, is limited to certifying matters contained in paragraphs 3 and 4 of Schedule C of the Regulations.
We conducted our examination in accordance with the Guidance Note on Audit Reports and Certificates for Special Purposes issued by the Institute
of Chartered Accountants of India (the ‘ICAI’).
In accordance with the information and explanations given to us and to the best of our knowledge and belief and based on our examination of the
books of account and other records maintained by Bajaj Allianz Life Insurance Company Limited (‘the Company’) for the year ended March 31, 2015,
we certify that:
1. We have reviewed the Management Report attached to the financial statements for the year ended March 31, 2015, and on the basis of our
review, there is no apparent mistake or material inconsistencies with the financial statements;
2. Based on management representations and compliance certificates submitted to the Board of Directors by the officers of the Company charged
with compliance and the same being noted by the Board, we certify that the Company has complied with the terms and conditions of registration
stipulated by Insurance Regulatory and Development Authority (IRDA);
3. We have verified the cash balances, to the extent considered necessary, and securities relating to the Company’s loans and investments as at
March 31, 2015, by actual inspection or on the basis of certificates / confirmations received from the Custodian and/ or Depository Participants
appointed by the Company, as the case may be. As at March 31, 2015, the Company does not have reversions and life interests;
4. The Company is not a trustee of any trust; and
5. No part of the assets of the Policyholders’ Funds has been directly or indirectly applied in contravention to the provisions of the
Insurance Act, 1938, relating to the application and investments of the Policyholders’ Funds.
per Shrawan Jalan
Suhas Deshpande
Partner
Partner
Place : Pune
Place : Pune
Date : May 15, 2015
Date : May 15, 2015
53
Independent Auditors’ Certificate
To,
The Board of Directors,
Bajaj Allianz Life Insurance Company Limited,
GE Plaza, Airport Road, Yerwada,
Pune 411 006
Dear Sirs,
[Ref: Certificate in accordance with the Regulation 13 (D) (7) of the IRDA (Investment) (5th Amendment) Regulations (“the Regulations”), 2013]
1. At the request of Bajaj Allianz Life Insurance Company Limited (‘the Company’), we have performed the procedures stated in paragraph 2 below,
for the purpose of issuing a certificate in connection with the Regulations, regarding the declaration of the Net Asset Value (‘NAV’) of the schemes
of the Company as at March 31, 2015.
2. In this connection, we have performed the following procedures:
a)
Obtained representation from the management that the Company has declared March 31, 2015 as a business day for accepting application forms and that it has declared NAV for March 31, 2015;
b)
Obtained the list of applications for New Business, Renewal premium, Top up , Surrender, Free – Look Cancellation, Fund Switches, and
Partial Withdrawal in respect of Unit Linked Products on March 31, 2015 ( together referred to as “Application Forms”), from the
Management;
c)
Selected samples of Application Forms from the listing mentioned in paragraph 2(b) above and verified whether:
i) The applications received on Tuesday, March 31, 2015, upto 3.00 p.m. have been appropriately stamped; and the NAV of March 31,
2015 is applied for such applications for the selected samples; and
ii) The applications received on Tuesday, March 31, 2015, after 3.00 p.m. have been appropriately stamped; and the NAV of April 1, 2015
is applied for such applications for the selected samples.
3. The compliance with conditions stated in the circular is the responsibility of the Company’s management. Our responsibility is to perform the
above-mentioned procedures on the particulars and state our findings. We performed the above-mentioned proce dures, in accordance with
the Guidance Note on Audit Reports and Certificates for Special Purposes issued by the Institute of Chartered Accountants of India (“ICAI”). The
above-mentioned procedures include examining evidence supporting the particulars on a test basis. Further, our scope of work did not involve
us performing audit tests for the purposes of expressing an opinion on the fairness or accuracy of any of the financial information or the financial
statements of the Company taken as a whole. We have not performed an audit, the objective of which would be the expression of an opinion on
the financial statements, specified elements, accounts or items thereof, for the purpose of this certificate. Accordingly, we do not express such
opinion.
4. Based on the procedures performed by us, as mentioned in paragraph 2 above, according to the information and explanations provided to us and
representation by the Company’s management, we confirm that:
(a)
The Company had declared March 31, 2015 as a business day for accepting proposal forms;
(b)
The Company has declared NAV for March 31, 2015;
(c)
The applications received on Tuesday, March 31, 2015 upto 3.00 p.m. have been stamped as such in the system and that the NAV of March
31, 2015 is applied for proposals received upto 3.00 p.m.; and
(d)
The application received on Tuesday, March 31, 2015 after 3.00 p.m. have been stamped as such in the system and that the NAV of next
financial year i.e. April 01, 2015 is applied for proposal received after 3.00 p.m.
5. The concurrent auditors of the Company, M/s. Chokshi & Chokshi LLP, Chartered Accountants have issued a certificate dated May 15, 2015 confirming the compliance with requirements of Regulation 13 (D) (5) of the Regulations. We have read the certificate and found the same to be in
order.
6. This certificate is issued at the request of the Company solely for use of the Company for inclusion in the annual accounts as per Regulation 13
(D) (7) of the Regulations and is not intended to be used or distributed for any other purpose. We have no responsibility to update this certificate
for events and circumstances occurring after the date of this certificate.
per Shrawan Jalan
Partner
Place : Pune
Date : May 15, 2015
Suhas Deshpande
Partner
Place : Pune
Date : May 15, 2015
55
Revenue account for the year ended March 31, 2015
Policyholders’ Account (Technical Account)
Form A- RA
Particulars
Schedule
Participating
Individual Assurance
Individual Pension
Premiums earned (Net of service tax)
(a) Premium
1
(b) Reinsurance ceded (Refer note 2(c)(ii) of Schedule 16)
(c) Reinsurance accepted
Sub-Total
22,915,022
39,644
2,624,231
(125,904)
(588)
(36,083)
-
-
-
22,789,118
39,056
2,588,148
6,163,688
54,852
718,488
Income from investments (Refer note 2(c)(iii) of Schedule 16)
(a) Interest, dividend and rent - Gross
(b) Profit on sale/redemption of investments
1,274,010
809
144,622
(c) (Loss) on sale/redemption of investments
(203,243)
(217)
(24,426)
(d) Transfer/gain on revaluation/change in fair value
(e) Accretion of discount/(amortisation of premium) (net)
Sub-Total
-
-
-
137,117
93
2,881
7,371,572
55,537
841,565
335,019
311
12,634
Other income
Miscellaneous income (Refer note 2(c)(iv) and 2(c)(v) of Schedule 16)
Contribution from the Shareholders' account (Refer note 3.26 of Schedule 16)
-
-
923,267
Sub-Total
335,019
311
935,901
Total (A)
30,495,709
94,904
4,365,614
Commission (Refer note 2(d) of Schedule 16)
2
1,570,787
400
172,700
Operating expenses related to insurance business
3
3,747,856
5,342
648,701
4,615
6
738
-
-
-
(a) For diminution in the value of investments (Net) (Refer note 2(j)(ii) of Schedule 16)
-
-
-
(b) Others
-
-
-
Provision for doubtful debts
Bad debts written off
Provisions (other than taxation)
Service tax charge on linked charges
-
-
-
5,323,258
5,748
822,139
5,312,958
61,068
1,646,765
72,286
1,845
-
20,168,240
(3,510)
2,472,983
(b) Fund reserve
-
-
-
(c) Reserve for discontinued policies (Refer note 3.14 of Schedule 16)
-
-
-
(d) Amount ceded in re-insurance
-
-
(578,620)
Total (B)
Benefits paid (net)
Interim bonuses paid
4
Change in valuation of liability in respect of life policies in force
(Refer note 3.2 and note (h) of Schedule 16)
(a) Gross policy liabilities (non-unit/mathematical reserve)
(e) Amount accepted in re-insurance
Total (C)
Surplus/(deficit) before tax (D)=(A)-(B)-(C)
-
-
-
25,553,484
59,403
3,541,128
(381,033)
29,753
2,347
(61,329)
-
2,347
Provision for tax (Refer note 2(m) of Schedule 16)
(a) Current tax (credit)/charge
(b) Deferred tax (credit)/charge
Surplus/(deficit) after tax
-
-
-
(319,704)
29,753
-
303,985
1,503
-
-
-
-
(623,689)
28,250
-
(319,704)
29,753
-
Appropriations
Transfer to Shareholders’ account
Transfer to other reserves
Balance being funds for future appropriations (Refer note 2(i) of Schedule 16)
Total
(Rs. ‘000)
Form A- RA
Non Participating
Individual Health
Individual Annuity
Linked
Group Assurance
Group Variable
Individual Assurence
Individual Pension
Total
Group
182,022
496,391
14,070,375
2,386,556
12,435,999
651,005
4,371,749
60,172,994
(68,412)
-
(341,173)
(4)
(111,041)
(656)
(8,881)
(692,742)
-
-
-
-
-
-
-
-
113,610
496,391
13,729,202
2,386,552
12,324,958
650,349
4,362,868
59,480,252
6,335
103,439
2,809,570
117,797
4,357,367
243,109
644,641
15,219,286
191
514
504,309
19,308
42,141,907
2,683,369
1,714,666
48,483,705
(63)
(112)
(102,168)
(234)
(3,248,396)
(208,779)
(168,471)
(3,956,109)
-
-
-
-
12,386,063
397,422
479,741
13,263,226
5,646
2,897
275,270
2,472
1,005,675
46,460
101,280
1,579,791
12,109
106,738
3,486,981
139,343
56,642,616
3,161,581
2,771,857
74,589,899
198
543
80,393
-
38,989
641
33,564
502,292
709
22,810
-
143,372
-
-
72,294
1,162,452
907
23,353
80,393
143,372
38,989
641
105,858
1,664,744
126,626
626,482
17,296,576
2,669,267
69,006,563
3,812,571
7,240,583
135,734,895
(5,888)
1,202
100,855
126
195,234
21,106
5,655
2,062,177
11,957
53,766
1,424,961
122,758
4,588,494
255,470
358,121
11,217,426
15
62
920
139
5,519
311
398
12,723
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
919,998
26,915
35,269
982,182
6,084
55,030
1,526,736
123,023
5,709,245
303,802
399,443
14,274,508
102,280
88,429
9,273,094
236,620
56,944,569
5,727,465
2,911,617
82,304,865
-
-
-
-
-
-
-
74,131
26,213
483,023
4,702,322
2,309,624
(623,097)
1,864
23,459
29,561,121
-
-
-
-
1,915,545
(2,249,132)
3,906,064
3,572,477
-
-
-
-
1,389,145
68
-
1,389,213
(11,585)
-
-
-
-
-
-
(590,205)
-
-
-
-
-
-
-
-
116,908
571,452
13,975,416
2,546,244
59,626,162
3,480,265
6,841,140
116,311,602
3,634
-
1,794,424
-
3,671,156
28,504
-
5,148,785
3,634
-
257,064
-
663,597
-
-
865,313
-
-
-
-
-
-
-
-
-
-
1,537,360
-
3,007,559
28,504
-
4,283,472
-
-
1,537,360
-
3,007,559
28,504
-
4,878,911
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(595,439)
-
-
1,537,360
-
3,007,559
28,504
-
4,283,472
57
Form A- RA
Participating
Particulars
Schedule
Individual Pension
Details of surplus before tax
(a) Interim bonuses paid
72,286
1,845
-
(b) Allocation of bonus to policyholders
2,735,868
13,528
-
(c) Surplus shown in the Revenue Account
(381,033)
29,753
2,347
Total Surplus
2,427,121
45,126
2,347
1,764,968
74,569
-
Opening balance as at April 1, 2014
Add: Current period appropriations
(623,689)
28,250
-
Balance carried forward to Balance Sheet
1,141,279
102,819
-
Significant accounting policies and notes
16
As required by section 40B(4) of the Insurance Act, 1938, we certify that all expenses of management in respect of life insurance business transacted in india by the
Company have been fully debited to the Policyholders’ Revenue Account as expenses.
The accompanying notes and schedules form an integral part of the financial statements.
58
(Rs. ‘000)
Form A- RA
Non Participating
Linked
Total
Individual Health
Individual Annuity
Group Assurance
Group Variable
Individual Assurence
Individual Pension
Group
-
-
-
-
-
-
-
74,131
-
-
-
-
-
-
-
2,749,396
3,634
-
1,794,424
-
3,671,156
28,504
-
5,148,785
3,634
-
1,794,424
-
3,671,156
28,504
-
7,972,312
-
-
-
-
-
-
-
1,839,537
-
-
-
-
-
-
-
(595,439)
-
-
-
-
-
-
-
1,244,098
59
Form A- RA
Particulars
Schedule
Participating
Individual Pension
25,939,813
44,697
2,120,874
(112,831)
(607)
(28,792)
-
-
-
25,826,982
44,090
2,092,082
4,667,123
55,245
745,548
Premiums earned (Net of service tax)
(a) Premium
1
(b) Reinsurance ceded (Refer note 2(c)(ii) of Schedule 16)
Sub-Total
(a) Interest, dividend and rent - Gross
249,018
1,052
5,415
(19,182)
(456)
(5,626)
-
-
-
(d) Transfer/gain on revaluation/change in fair value
(e) Accretion of discount/(amortisation of premium) (net)
Sub-Total
170,194
(154)
(2,360)
5,067,153
55,687
742,977
194,631
204
7,909
-
-
-
194,631
204
7,909
Other income
Miscellaneous income (Refer note 2(c)(iv) and 2(c)(v) of Schedule 16)
Contribution from the Shareholders' account (Refer note 3.26 of Schedule 16)
Sub-Total
Total (A)
31,088,766
99,981
2,842,968
Commission (Refer note 2(d) of Schedule 16)
2
2,010,626
(1,193)
62,993
3
5,893,735
6,410
451,079
11,102
12
824
-
-
-
(a) For diminution in the value of investments (Net) (Refer note 2(j)(ii) of Schedule 16)
-
-
-
(b) Others
-
-
-
Total (B)
Benefits paid (net)
4
-
-
-
7,915,463
5,229
514,896
3,756,811
78,849
1,408,005
45,970
1,388
-
Change in valuation of liability in respect of life policies in force
(Refer note 3.2 and note (h) of Schedule 16)
(a) Gross policy liabilities (non-unit/mathematical reserve)
18,921,798
(4,109)
531,492
(b) Fund reserve
-
-
-
(c) Reserve for discontinued policies (Refer note 3.14 of Schedule 16)
-
-
(142,691)
(d) Amount ceded in re-insurance
-
-
(e) Amount accepted in re-insurance
-
-
-
22,724,579
76,128
1,796,806
448,724
18,624
531,266
52,360
-
80,647
Total (C)
Surplus/(deficit) before tax (D)=(A)-(B)-(C)
Provision for tax (Refer note 2(m) of Schedule 16)
-
-
-
396,364
18,624
450,619
314,446
1,598
450,619
-
-
-
Appropriations
Transfer to Shareholders’ account
Balance being funds for future appropriations (Refer note 2(i) of Schedule 16)
Total
60
81,918
17,026
-
396,364
18,624
450,619
(Rs. ‘000)
Form A- RA
Non Participating
Individual Health
Linked
Individual Annuity
Group Assurance
Individual Pension
Total
Group
280,432
232,404
15,644,973
10,750,511
681,310
2,736,375
58,431,389
(107,192)
-
(275,427)
(137,320)
(673)
(8,223)
(671,065)
-
-
-
-
-
-
-
173,240
232,404
15,369,546
10,613,191
680,637
2,728,152
57,760,324
5,115
77,117
2,535,439
5,776,528
409,617
510,963
14,782,695
108
132
61,139
29,422,166
1,987,283
717,133
32,443,446
(522)
(33)
(20,160)
(12,374,448)
(878,986)
(497,573)
(13,796,986)
-
-
-
12,856,789
575,106
563,747
13,995,642
7,859
372
140,333
1,225,265
66,855
108,608
1,716,972
12,560
77,588
2,716,751
36,906,300
2,159,875
1,402,878
49,141,769
563
282
35,189
44,700
1,890
14,401
299,769
-
65,260
-
-
-
4,126
69,386
563
65,542
35,189
44,700
1,890
18,527
369,155
186,363
375,534
18,121,486
47,564,191
2,842,402
4,149,557
107,271,248
6,728
(1,761)
148,909
(735,452)
(17,242)
16,019
1,489,627
23,677
32,919
1,169,367
5,255,166
326,128
302,502
13,460,983
41
62
2,130
9,869
613
541
25,194
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1,166,709
33,279
41,856
1,241,844
30,446
31,220
1,320,406
5,696,292
342,778
360,918
16,217,648
114,993
71,137
6,049,550
66,093,434
5,726,728
1,472,958
84,772,465
-
-
-
-
-
-
47,358
(26,824)
273,177
10,452,795
(581,491)
(12,854)
(12,094)
29,541,890
-
-
-
(31,036,110)
(3,381,402)
2,327,775
(32,089,737)
-
-
-
965,133
-
-
965,133
-
-
-
-
-
-
(142,691)
-
-
-
-
-
-
-
88,169
344,314
16,502,345
35,440,966
2,332,472
3,788,639
83,094,418
67,748
-
298,735
6,426,933
167,152
-
7,959,182
15,022
-
48,709
1,272,486
-
-
1,469,224
-
-
-
-
-
-
-
52,726
-
250,026
5,154,447
167,152
-
6,489,958
52,726
-
250,026
5,154,447
167,152
-
6,391,014
-
-
-
-
-
-
-
-
-
-
-
-
-
98,944
52,726
-
250,026
5,154,447
167,152
-
6,489,958
61
Form A- RA
Participating
Particulars
Schedule
Individual Pension
45,970
1,388
-
2,830,018
14,379
-
448,724
18,624
531,266
3,324,712
34,391
531,266
1,683,050
57,543
-
Add: Current period appropriations
81,918
17,026
-
1,764,968
74,569
-
(b) Allocation of bonus to policyholders
(c) Surplus shown in the Revenue Account
Total Surplus
Balance carried forward to Balance Sheet
16
As required by section 40B(4) of the Insurance Act, 1938, we certify that all expenses of management in respect of life insurance business
transacted in india by the Company have been fully debited to the Policyholders’ Revenue Account as expenses.
As per our report of even date attached
For S. R. Batliboi & Co. LLP
ICAI Firm Registration
No. 301003E
Sanjiv Bajaj
Chairman
S. H. Khan
Director
Ranjit Gupta
Director
Anuj Agarwal
Managing Director &
Chief Executive Officer
Appointed Actuary
per Shrawan Jalan
Partner
Membership No. 102102
For Kirtane & Pandit LLP
No. 105215W/W100057
Suhas Deshpande
Partner
Sameer Bakshi
Chief Risk Officer &
Company Secretary
Date : May 15, 2015
Place: Pune
62
Date : May 15, 2015
Place: Pune
(Rs. ‘000)
Form A- RA
Non Participating
Linked
Total
Individual Health
Individual Annuity
Group Assurance
Individual Pension
Group
-
-
-
-
-
-
47,358
-
-
-
-
-
-
2,844,397
67,748
-
298,735
6,426,933
167,152
-
7,959,182
67,748
-
298,735
6,426,933
167,152
-
10,850,937
-
-
-
-
-
-
1,740,593
-
-
-
-
-
-
98,944
-
-
-
-
-
-
1,839,537
63
Profit & Loss account for the year ended March 31, 2015
Shareholders’ Account (Non Technical Account) Form A- PL
Particulars
(Rs. ‘000)
Schedule
Amounts transferred from the Policyholders’ account (Technical Account)
March 31, 2015
March 31, 2014
4,878,911
6,391,014
5,856,338
4,853,803
(a) Interest, dividends and rent - Gross
615,707
458,787
(125,600)
(132,526)
154,813
195,964
(d) Accretion of discount/(amortisation of premium) (net)
18,431
25,922
11,398,600
11,792,964
169,281
101,644
-
-
(a) For diminution in value of investment(Net) - (Refer note 2(j)(ii) of Schedule 16)
-
-
(b) Provision for doubtful debts
-
-
Other Income
Total (A)
Expenses other than those directly related to the insurance business (Refer note 2(o) of Schedule 16)
3A
Contribution to the Policyholders' account (Technical Account) (Refer note 3.26 of Schedule 16)
1,162,452
69,386
Total (B)
1,331,733
171,030
10,066,867
11,621,934
1,304,687
1,375,922
Profit/ (loss) before tax
Provision for taxation (Refer note 2(m) of Schedule 16)
-
-
62
100
8,762,118
10,245,912
46,601,707
36,355,795
30,417
-
(b) Interim dividends paid during the year
-
-
(c) Proposed final dividend
-
-
(d) Dividend distribution on tax
-
-
(c) Wealth tax
Profit/ (loss) after tax
Appropriations
(a) Balance at the beginning of the year
Less: Adjustment on revision of depreciation rate (Refer note 2(l)(i) of Schedule 16)
(e) Transfer to reserves
-
-
55,333,408
46,601,707
Earning per share (Basic and Diluted) (Refer note 3.12 & note 2(q) of Schedule 16)
58.14
67.98
Basic earning per equity share Rs.
58.14
67.98
Diluted earning per equity share Rs.
58.14
67.98
10.00
10.00
Profit carried forward to the Balance Sheet
Nominal value per equity share Rs.
16
No. 301003E
No. 105215W/W100057
Sanjiv Bajaj
Chairman
S. H. Khan
Director
Ranjit Gupta
Director
Anuj Agarwal
per Shrawan Jalan
Partner
Suhas Deshpande
Partner
Membership No.
031787
Appointed Actuary
Date : May 15, 2015
Place: Pune
64
Sameer Bakshi
Company Secretary
Date : May 15, 2015
Place: Pune
Balance Sheet as at March 31, 2015
(Rs. ‘000)
Form A- BS
Particulars
Schedule
At March 31, 2015
At March 31, 2015
At March 31, 2014
At March 31, 2014
Sources of funds
Shareholders' funds
Share capital
5
1,507,090
1,507,090
Reserves and Surplus
6
65,982,917
57,201,257
Credit/(debit) fair value change account
Sub Total
7
Borrowings
-
-
67,490,007
58,708,347
-
-
2,076,130
677,123
Policyholders' funds
Policy liabilities (Refer note 2(h) and 3.2 of Schedule 16)
Non Unit Mathematical reserve
146,055,378
117,084,462
175,322,488
185,013,230
41,125,997
27,862,778
2,844,186
1,454,973
(a) Provision for linked liabilities
(b) Credit/(debit) fair value change account (linked)
Provision for discontinuance fund (Refer note 3.14 of Schedule 16)
(a) Discontinued on account of non-payment of premium
(b) Other discontinuance
-
(c) Credit/[debit] fair value change account
-
Insurance reserves
Sub-Total
Funds for future appropriations (Refer note 2(i) of Schedule 16)
Total
365,348,049
-
331,415,443
-
-
367,424,179
332,092,566
1,244,098
1,839,537
436,158,284
392,640,450
Investments
Shareholders'
8
71,866,187
58,104,832
Policyholders'
8A
144,378,834
115,362,179
Assets held to cover linked liabilities (Refer note 3.21 of Schedule 16)
8B
216,450,416
212,876,008
2,842,255
1,454,973
Discontinued fund assets (Refer note 3.14 of Schedule 16)
Loans
9
957,439
526,882
Fixed assets - net block (Refer note 2(l) of Schedule 16)
10
2,271,978
2,554,847
Current assets
11
4,523,360
7,320,635
Advances and other assets
12
12,108,578
10,920,201
16,631,938
18,240,836
Current liabilities
13
15,245,299
13,252,063
Provisions
14
3,995,464
3,228,044
19,240,763
16,480,107
(2,608,825)
1,760,729
-
-
Sub-Total(A)
Sub-Total(B)
Net current assets (C)=(A)-(B)
Miscellaneous expenditure (to the extent not written off or adjusted )
15
Debit balance in profit & loss account (Shareholders' account)
Total
Contingent liabilities - (Refer note 2(n) and 3.1 of Schedule 16)
-
-
436,158,284
392,640,450
655,773
271,027
16
No. 301003E
No. 105215W/W100057
Sanjiv Bajaj
Chairman
S. H. Khan
Director
Ranjit Gupta
Director
Anuj Agarwal
per Shrawan Jalan
Partner
Suhas Deshpande
Partner
Membership No.
031787
Appointed Actuary
Date : May 15, 2015
Place: Pune
Sameer Bakshi
Company Secretary
Date : May 15, 2015
Place: Pune
65
Cash flow statement / Receipts and payments account for the year ended March 31, 2015
Sr. No.
A
Particulars
FY2015
FY2014
Cash Flow from operating activities:
1
Premium received from policyholders, including advance receipts
2
Other receipts
3
Payments to the re-insurers, net of commissions and claims
4
Payment of claims
5
Payment of commission and brokerage
6
Payment of operating expenses
7
Preliminary and pre-operative expenses
8
Deposits, advances and staff loans
61,642,223
62,264,207
511,269
305,621
(227,575)
(233,899)
(83,915,581)
(84,036,831)
(2,027,590)
(2,959,138)
(12,365,683)
(15,473,481)
-
-
132,387
552,046
9
Income taxes paid (Net)
(1,415,803)
(1,606,739)
10
Service tax paid
(2,263,723)
(2,569,175)
-
11
Other payments
12
Cash flows before extraordinary items
13
Cash flow from extraordinary operations
B
Cash Flow from investing activities:
1
Purchase of fixed assets
2
Proceeds from sale of fixed assets
3
Purchase of investments
4
5
6
Sale of investments
7
Repayment received
8
Rent, interest and dividend received
(44,379,373)
(39,308,092)
Net cash from operating activities (A)
-
-
(39,308,092)
(44,379,373)
-
(276,313)
(123,097)
6,103
15,598
(346,864,986)
(357,833,696)
Loans disbursed
(735,000)
(1,002,719)
Loans against policies
(430,557)
(220,916)
369,370,983
385,147,650
9
Investment in money market intruments and in liquid mutual funds (net)
10
Expense related to investments
357,741
1,209,747
19,385,704
18,159,983
1,434,693
1,168,539
(29,403)
(28,968)
Net cash from investing activities (B)
42,372,616
46,338,470
C
Cash Flow from financing activities:
1
Proceeds from Issuance of share capital
-
-
2
Proceeds from borrowing
-
-
3
Repayments of borrowing
-
-
4
Interest/dividends paid
-
-
Net cash from financing activities (C)
Effect of foreign exchange rates on cash and cash equivalents, net (D)
Net increase in cash & cash equivalents (E) = (A) + (B) + (C) + (D)
Add:
(Rs. ‘000)
-
Cash & cash equivalents at the beginning of the year
Cash & cash equivalents at the end of the year
Components of cash & cash equivalents at the end of the year
-
-
-
3,064,524
1,959,097
9,175,307
7,216,210
12,239,831
9,175,307
(a)
Cash (including cheques in hand and stamps in hand)
2,586,655
1,549,305
(b)
Bank balances and money at call and short notice [including bank balance
for linked business of Rs.90,673 thousands (previous year: Rs.244,380
thousands),book overdraft of Rs.535,037 (previous year: Nil)]
1,492,341
6,015,710
(c)
Other short term liquid Investment (forming part of investments in
financials)
8,160,835
1,610,292
12,239,831
9,175,307
Cash & cash equivalents at the end of the year (a) + (b) + (c)
For Cash and cash equivalents - Refer note 2(r) of schedule 16
The above Receipts and payments account has been prepared as prescribed by Insurance Regulatory and Development Authority (Preparation of Financial Statements and Auditor’s
Report of InsuranceCompanies) Regulations, 2002 under the “Direct method” in accordance with Accounting Standard 3 Cash Flow Statement notified under Companies (Accounting
Standard) Rules, 2006
No. 301003E
No. 105215W/W100057
per Shrawan Jalan
Partner
Suhas Deshpande
Partner
Date : May 15, 2015
Place: Pune
66
Sanjiv Bajaj
Chairman
S. H. Khan
Director
Ranjit Gupta
Director
Anuj Agarwal
Appointed Actuary
Sameer Bakshi
Company Secretary
Date : May 15, 2015
Place: Pune
-
25,939,813
-
25,939,813
25,939,813
-
44,697
-
44,697
44,697
-
44,697
Individual
Pension
2,120,874
-
2,120,874
2,120,874
11,019
1,670,234
439,621
Individual
Assurance
2,624,231
-
2,624,231
2,624,231
-
1,628,743
995,488
Individual
Assurance
Note: Refer note 2(c)(i) of Schedule 16 for accounting policy on premium income recognition.
Total premium
Outside India
In India
Premium income from business written:
Total premium
-
17,198,005
Renewal premiums
Individual
Assurance
8,741,808
Single premiums
39,644
-
39,644
39,644
-
39,644
-
Individual
Pension
Participating
22,915,022
-
22,915,022
22,915,022
First year premiums
Particulars
For the year ended March 31, 2014
Total premium
Outside India
In India
Premium Income from Business written:
Total premium
Single premiums
3,462,639
19,452,383
Renewal premiums
Individual
Assurance
Participating
First year premiums
Particulars
Schedule 1 : Premium (Net of service tax)
Schedules forming part of financial statements
496,391
-
496,391
496,391
496,391
-
-
Individual
Annuity
280,432
-
280,432
280,432
-
218,576
61,856
232,404
-
232,404
232,404
232,353
51
-
14,070,375
-
14,070,375
14,070,375
2,692,525
4,139,305
7,238,545
Group
Assurance
Individual
Annuity
Non Participating
Individual
Health
182,022
-
182,022
182,022
-
181,657
365
Individual
Health
Non Participating
15,644,973
-
15,644,973
15,644,973
6,475,264
3,837,508
5,332,201
10,750,511
-
10,750,511
10,750,511
1,687,248
8,485,058
578,205
Individual
Assurance
12,435,999
2,386,556
Group
Assurance
-
12,435,999
12,435,999
2,530,354
7,130,809
2,774,836
Individual
Assurance
-
2,386,556
2,386,556
2,386,132
-
424
Group
Variable
681,310
-
681,310
681,310
26,663
655,624
(977)
Individual
Pension
Linked
651,005
-
651,005
651,005
100,036
342,071
208,898
Individual
Pension
Linked
2,736,375
-
2,736,375
2,736,375
1,502,520
401,330
832,525
Group
4,371,749
-
4,371,749
4,371,749
3,805,307
237,429
329,013
Group
58,431,389
-
58,431,389
58,431,389
9,935,067
32,511,083
15,985,239
Total
(Rs. ‘000)
60,172,994
-
60,172,994
60,172,994
12,010,745
33,152,041
15,010,208
Total
(Rs. ‘000)
67
68
1,570,787
(11,660)
-
1,582,447
400
-
-
400
-
392
8
Individual
Pension
400
-
-
66
1
333
Note: Refer note 2(d) of Schedule 16 for accounting policy on acquisition costs
1,582,447
-
Others
Total
-
192,422
47,448
1,342,577
Referral
Corporate agents
Brokers
Individual agents
178,281
-
-
6,490
850
170,941
172,700
(5,581)
-
178,281
-
21,311
156,970
Individual
Assurance
Break- up of commission expenses (Gross) incurred to procure business is furnished below:
Net commission
(Refer note 2(c)(ii) of Schedule 16)
Less: Commission on reinsurance ceded
Add: Commission on reinsurance accepted
Total
-
579,666
- Renewal premiums
-Single Premiums
1,002,781
Individual
Assurance
Participating
Direct - First year premiums
Commission Paid
Particulars
Schedule - 2 : Commission expenses
Schedules forming part of financial statements
5,488
-
-
42
19
5,427
(5,888)
(11,376)
-
5,488
-
5,385
103
Individual
Health
1,202
-
-
27
2
1,173
1,202
-
-
1,202
1,186
-
16
Individual
Annuity
Non Participating
103,567
-
-
17,485
3,243
82,839
100,855
(2,712)
-
103,567
18,411
32,289
52,867
Group
Assurance
-
17
126
-
-
-
-
126
126
-
-
126
109
Group
Variable
198,513
-
-
19,348
2,141
177,024
195,234
(3,279)
-
198,513
23,966
82,482
92,065
Individual
Assurance
21,106
-
-
181
16
20,909
21,106
-
-
21,106
1,473
4,349
15,284
Individual
Pension
Linked
5,655
-
-
4,304
577
774
5,655
-
-
5,655
3,133
2,771
(249)
Group
2,096,785
-
-
240,365
54,297
1,802,123
2,062,177
(34,608)
-
2,096,785
48,278
728,645
1,319,862
Total
(Rs. ‘000)
2,010,626
(17,409)
-
2,028,035
(1,193)
-
-
(1,193)
-
(1,193)
-
(1,193)
-
-
106
-
(1,299)
67,474
Note: Refer note 2(d) of Schedule 16 for accounting policy on acquisition costs
-
-
14,990
1,055
51,429
62,993
(4,481)
67,474
207
5,921
61,346
Individual
Assurance
Note 1: Renewal commission is net of reversal of old unclaimed commission Rs. 1,370,866.
2,028,035
-
Others
Total
-
484,314
27,536
1,516,185
Referral
Corporate agents
Brokers
Individual agents
Break- up of commission expenses (Gross) incurred to procure business is furnished below:
Net commission
(Refer note 2(c)(ii) of Schedule 16)
Less: Commission on reinsurance ceded
Add: Commission on reinsurance accepted
Total
-
433,866
- Renewal premiums
-Single Premiums
1,594,169
Individual
Pension
Participating
Individual
Assurance
Direct - First year premiums
Commission Paid
Particulars
23,395
-
-
74
50
23,271
6,728
(16,667)
-
23,395
-
5,986
17,409
-
(1,761)
-
-
(2,190)
10
419
(1,761)
-
-
(1,761)
347
(2,108)
Individual
Annuity
Non Participating
Individual
Health
152,598
-
-
161,471
3,950
(12,823)
148,909
(3,689)
-
152,598
72,102
25,662
54,834
Group
Assurance
(728,494)
-
-
17,605
2,813
(748,912)
(735,452)
(6,958)
-
(728,494)
29,045
(784,741)
27,202
Individual
Assurance
Linked
(17,242)
-
-
354
16
(17,612)
(17,242)
-
-
(17,242)
232
(17,295)
(179)
Individual
Pension
1,796
(720)
16,019
-
-
18,615
188
(2,784)
16,019
-
-
16,019
14,943
Group
1,538,831
-
-
695,339
35,618
807,874
1,489,627
(49,204)
-
1,538,831
116,876
(332,106)
1,754,061
Total
(Rs. ‘000)
69
70
205,896
26,752
Interest and bank charges
Note: Refer note 2(o) of Schedule 16 on segmental reporting
Total
Depreciation (Refer note 2(l) of Schedule 16)
3,747,856
74,096
46,653
401,907
(f) Miscellaneous expenses
(e) Marketing expenses and business development expenses
73,282
117,593
(c) Policy stamps
(d) Security and housekeeping
78,564
(b) Insurance, water and electricity charges
(a) Information technology expenses
193,990
329
(d) out of pocket expenses
Others
104
(c) in any other capacity
-
5,342
103
109
564
162
101
108
267
37
284
-
-
-
-
-
(ii) Insurance matters
(iii) Management services; and
-
3
-
55
-
-
2,376
1,897
39,633
190
49
60
181
3
(24)
(188)
95
3,183
Individual
Pension
146
(i) Taxation matters
(b) as advisor or in any other capacity, in respect of
(a) as auditor
Auditors' fees, expenses,etc. (Refer note 3.15 of Schedule 16)
Medical fees
137,823
35,518
Printing and stationery
43,749
Repairs
1,942
131,199
(c) Rents, rates and taxes
(17,616)
(225,289)
68,651
2,308,661
Individual
Assurance
Participating
(b) Service tax expenses
(a) Service tax unutilized credits provision(write back)
Training expenses
Travel, conveyance and vehicle running expenses
Employees' remuneration, welfare benefits and other
manpower costs (Refer note 2(e) of Schedule 16)
Particulars
648,701
12,767
6,126
67,895
18,804
11,638
12,563
31,021
4,278
32,925
53
16
-
-
23
-
380
17,048
6,338
22,039
5,680
6,996
20,980
311
(2,817)
(6,523)
10,978
369,182
Individual
Assurance
Schedule - 3 : Operating expenses related to insurance business
11,957
265
127
1,316
389
243
260
642
89
681
1
-
-
-
-
-
8
(29)
131
456
118
145
434
6
(58)
(1,132)
227
7,638
Individual
Health
53,766
1,078
575
5,761
1,589
990
1,061
2,621
361
2,782
4
1
-
-
2
-
32
-
536
1,862
480
591
1,772
26
(238)
(237)
927
31,190
Individual
Annuity
Non Participating
1,424,961
15,951
10,229
80,557
23,473
14,646
15,682
38,723
5,340
41,100
66
21
-
-
29
-
474
942
7,911
27,511
7,090
8,733
26,189
36,312
(3,516)
592,953
13,704
460,841
Group
Assurance
122,758
2,373
1,110
13,350
3,534
2,205
2,361
5,830
804
6,188
10
2
-
-
4
-
71
-
1,192
4,142
1,067
1,315
3,943
58
(529)
2,284
2,063
69,381
Group
Variable
4,588,494
95,557
53,977
493,550
140,612
87,620
93,943
231,964
31,988
246,200
395
125
-
-
173
-
2,841
2,944
47,392
164,802
42,470
52,313
156,882
2,322
(21,064)
(181,193)
82,090
2,760,591
Individual
Assurance
255,470
5,375
2,858
27,550
7,911
4,930
5,285
13,050
1,800
13,851
22
7
-
-
10
-
160
36
2,666
9,272
2,389
2,943
8,826
131
(1,185)
(12,346)
4,618
155,311
Individual
Pension
Linked
358,121
6,889
23,079
36,270
10,148
6,324
6,780
16,741
2,309
17,768
28
9
-
-
13
-
205
12
3,420
11,894
3,065
3,775
11,322
168
(1,520)
(5,733)
5,924
199,231
Group
11,217,426
214,454
144,843
1,128,720
324,215
201,979
216,607
534,849
73,758
567,675
908
285
-
-
400
-
6,550
22,850
109,274
379,991
97,926
120,620
361,728
41,279
(48,567)
162,596
189,277
6,365,209
Total
(Rs. ‘000)
30,058
43,181
Total
Depreciation (Refer note 2(l) of Schedule 16)
(f) Miscellaneous expenses
(e) Marketing expenses and Business development expenses
(d) Security and housekeeping
5,893,735
95,172
9,072
1,374,848
161,766
77,209
(b) Insurance, water and electricity charges
(c) Policy stamps
267,886
104,053
(a) Information technology expenses
Others
190
285,738
(d) out of pocket expenses
34
-
(iii) Management services; and
(c) in any other capacity
-
176
-
(ii) Insurance matters
(i) Taxation matters
(b) as adviser or in any other capacity, in respect of
(a) as auditor
2,886
Medical fees
Auditors' fees, expenses,etc. (Refer note 3.15 of Schedule 16)
45,575
10,405
130,748
Printing and stationery
52,058
179,124
(c) Rents, rates and taxes
Repairs
19,366
(6,584)
(a) Service tax unutilized credits provision(write back)
165,165
87,756
2,757,853
6,410
104
10
1,497
176
85
113
292
47
312
-
-
-
-
-
-
3
-
50
142
33
57
195
(7)
21
180
96
3,004
Individual
Pension
Participating
Individual
Assurance
(b) Service tax expenses
Training expenses
Employees' remuneration, welfare benefits and other
manpower costs (Refer note 2(e) of Schedule 16)
Particulars
451,079
7,063
673
102,030
12,005
5,727
7,722
19,880
3,205
21,205
14
2
-
-
13
-
214
14,468
3,383
9,703
2,231
3,863
13,293
(489)
1,437
12,257
6,513
204,667
Individual
Assurance
23,677
355
34
5,132
604
286
388
1,000
161
1,067
1
-
-
-
1
-
11
1,718
170
488
112
194
669
(25)
72
617
328
10,294
32,919
533
51
7,693
905
432
582
1,499
242
1,599
1
-
-
-
1
-
16
-
255
732
168
291
1,002
(37)
108
924
491
15,431
Individual
Annuity
Non Participating
Individual
Health
1,169,367
18,258
1,741
263,760
31,034
14,892
19,962
51,393
8,284
54,818
36
6
-
-
34
-
554
2,264
8,744
25,084
5,767
9,987
34,364
37,061
3,715
31,686
16,836
529,087
Group
Assurance
5,255,166
84,618
30,241
1,222,386
143,828
68,911
92,515
238,179
38,393
254,052
169
29
-
-
156
-
2,566
1,817
40,522
116,249
26,725
46,285
159,260
(5,854)
17,218
146,849
78,025
2,452,027
Individual
Assurance
Linked
326,128
5,256
1,689
75,928
8,934
4,287
5,747
14,794
2,385
15,780
10
2
-
-
10
-
159
2
2,517
7,221
1,660
2,875
9,892
(364)
1,070
9,121
4,846
152,307
Individual
Pension
302,502
4,635
16,365
66,953
7,878
3,780
5,067
13,046
2,103
13,915
9
2
-
-
9
-
141
47
2,219
6,367
1,464
2,535
8,723
(321)
943
8,043
4,274
134,305
Group
13,460,983
215,994
59,876
3,120,227
367,130
175,609
236,149
607,969
98,001
648,486
430
75
-
-
400
-
6,550
30,721
103,435
296,734
68,218
118,145
406,522
23,380
43,950
374,842
199,165
6,258,975
Total
(Rs. ‘000)
71
Schedule 3A : Expenses other than those directly related to insurance business
(Rs. ‘000)
Particulars
March 31, 2015
Employees' remuneration, welfare benefits and other manpower costs
March 31, 2014
23,159
12,997
-
-
-
-
-
-
100,500
-
Others
55,784
78,485
Total
169,281
101,644
Amount paid towards corporate social responsibility
Schedule - 4 : Benefits paid (net)
(Rs. ‘000)
Participating
Particulars
Individual
Assurance
Non Participating
Individual
Pension
Linked
Individual
Assurance
Individual
Health
Individual
Annuity
Group
Assurance
Group
Variable
Individual
Assurance
Individual
Pension
Total
Group
Insurance claims
(a) Claims by death
(b) Claims by maturity
(c) Annuities/pensions payment
1,533,856
(322)
432,622
974
14,639
3,831,660
444
1,458,120
44,929
54,637
7,371,559
620,824
23,601
3,030
-
-
3,585,098
-
225,237
565,220
270
5,023,280
-
-
-
-
72,378
58,567
-
-
-
-
130,945
822,646
37,164
1,249,964
-
-
1,999,776
236,176
55,020,296
5,104,703
2,856,863
67,327,588
90,615
701
11,741
300
1,412
5,185
-
177,132
10,540
200
297,826
-
-
1,682
178,623
-
-
-
-
-
-
180,305
2,334,281
-
-
-
-
-
-
101
-
-
2,334,382
-
-
1,039
-
-
32,805
-
91,107
2,073
1,247
128,271
5,402,222
61,144
1,700,078
179,897
88,429
9,513,091
236,620
56,971,993
5,727,465
2,913,217
82,794,156
(d) Other benefits
(i) Surrender/withdrawal/
foreclosure*
(ii) Rider
(iii) Health
(iv) Periodic Benefits
(v) Others
Sub-Total (A)
-
(Amount ceded in reinsurance):
(a) Claims by death
(83,850)
-
(53,031)
-
-
(239,997)
-
(27,424)
-
(1,600)
(405,902)
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(d) Other benefits
foreclosure
(ii) Rider
(5,414)
(76)
(282)
-
-
-
-
-
-
-
(5,772)
(iii) Health
-
-
-
(77,617)
-
-
-
-
-
-
(77,617)
-
-
-
-
-
-
-
-
-
-
-
(v) Others
Sub-Total (B)
Amount accepted in reinsurance
-
-
-
-
-
-
-
-
-
-
-
(89,264)
(76)
(53,313)
(77,617)
-
(239,997)
-
(27,424)
-
(1,600)
(489,291)
-
-
-
-
-
-
-
-
-
-
-
(a) Claims by death
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(d) Other benefits
-
-
-
-
-
-
-
-
-
-
-
Sub-Total (C)
Total
-
-
-
-
-
-
-
-
-
-
-
5,312,958
61,068
1,646,765
102,280
88,429
9,273,094
236,620
56,944,569
5,727,465
2,911,617
82,304,865
5,312,958
61,068
1,646,765
102,280
88,429
9,273,094
236,620
56,944,569
5,727,465
2,911,617
82,304,865
-
-
-
-
-
-
-
-
-
-
-
5,312,958
61,068
1,646,765
102,280
88,429
9,273,094
236,620
56,944,569
5,727,465
2,911,617
82,304,865
Benefits paid to claimants:
In India
Outside India
Total
* total surrenders are net of surrender charges of Rs. 1,749,789.
Note: Refer note 2(g) of Schedule 16 for accounting policy on benefits paid
72
(Rs. ‘000)
Participating
Particulars
Non Participating
Linked
Individual
Assurance
Individual
Pension
Total
Individual
Assurance
Individual
Pension
Individual
Assurance
Individual
Health
Individual
Annuity
Group
Assurance
1,214,490
4,333
282,427
22
23,097
2,918,600
1,923,447
59,914
65,343
6,491,673
591,777
35,634
3,857
-
-
2,055,402
1,465,149
478,184
414
4,630,417
(c) Annuities/pensions
payment
-
-
-
-
48,028
51,898
6
-
-
99,932
492,824
38,510
1,151,373
-
-
1,156,107
62,517,020
5,189,328
1,397,099
71,942,261
51,726
412
2,426
-
12
-
120,926
-
-
175,502
-
-
2,047
224,098
-
-
-
-
-
226,145
1,502,715
-
-
-
-
-
-
-
-
1,502,715
-
-
610
-
-
2,466
113,739
-
16,252
133,067
3,853,532
78,889
1,442,740
224,120
71,137
6,184,473
66,140,287
5,727,426
1,479,108
85,201,712
Group
Insurance claims
(a) Claims by death
(d) Other benefits
(i) Surrender/
withdrawal/foreclosure*
(ii) Rider
(iii) Health
(v) Others
Sub-Total (A)
(Amount ceded in
reinsurance):
(89,798)
-
(34,735)
-
-
(134,923)
(46,853)
(698)
(6,150)
(313,157)
(a) Claims by death
-
-
-
-
-
-
-
-
-
-
payment
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(d) Other benefits
(i) Surrender/
withdrawal/foreclosure
(ii) Rider
(6,923)
(40)
-
-
-
-
-
-
-
(6,963)
(iii) Health
-
-
-
(109,127)
-
-
-
-
-
(109,127)
-
-
-
-
-
-
-
-
-
-
(v) Others
Sub-Total (B)
Amount accepted in
reinsurance
-
-
-
-
-
-
-
-
-
-
(96,721)
(40)
(34,735)
(109,127)
-
(134,923)
(46,853)
(698)
(6,150)
(429,247)
-
-
-
-
-
-
-
-
-
-
(a) Claims by death
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
payment
-
-
-
-
-
-
-
-
-
-
(d) Other benefits
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
3,756,811
78,849
1,408,005
114,993
71,137
6,049,550
66,093,434
5,726,728
1,472,958
84,772,465
3,756,811
78,849
1,408,005
114,993
71,137
6,049,550
66,093,434
5,726,728
1,472,958
84,772,465
-
-
-
-
-
-
-
-
-
-
3,756,811
78,849
1,408,005
114,993
71,137
6,049,550
66,093,434
5,726,728
1,472,958
84,772,465
Sub-Total (C)
Total
In India
Outside India
Total
* total surrender are net of surrender charges of Rs. 3,260,667.
Note: Refer note 2(g) of Schedule 16 for accounting policy on benefits paid
73
Schedule - 5: Share capital
( Rs. ‘000)
Particulars
March 31, 2015
March 31, 2014
Authorized capital
200,000,000 Equity shares of Rs. 10/- each
2,000,000
2,000,000
Issued, subscribed, called and paid up capital
1,507,090
1,507,090
150,709,000 Equity shares of Rs. 10/- each (Previous year 150,709,000 Equity share)
Less : Preliminary expenses (to the extent not written off)
Total
-
-
1,507,090
1,507,090
Out of the total share capital, 111,524,660 shares (Previous year: March 31, 2014 - 111,524,660 shares) of Rs. 10 each are held by the holding company, Bajaj
Finserv Limited.
Schedule 5 A : Pattern of shareholding (As certified by the management)
Shareholder
March 31, 2015
Number of Shares
March 31, 2014
% of Holding
Number of Shares
% of Holding
Promoters:
Indian (Bajaj Finserv Limited)
Foreign (Allianz SE)
Total
111,524,660
74
111,524,660
74
39,184,340
26
39,184,340
26
150,709,000
100
150,709,000
100
Schedule - 6: Reserves and Surplus
Particulars
( Rs. ‘000)
March 31, 2015
Capital reserve
-
Capital redemption reserve
Share premium
March 31, 2014
-
-
-
10,599,550
10,599,550
49,959
-
Revaluation reserve (Refer note 3.3.8 of Schedule 16)
General reserve
-
-
Opening balance
-
-
Add: Appropriations from Profit and Loss
-
-
Closing balance
-
-
Catastrophe reserve
-
-
Other reserve
-
-
Balance of profit in Profit & Loss account
55,333,408
46,601,707
Total
65,982,917
57,201,257
Schedule - 7: Borrowings
Particulars
( Rs. ‘000)
March 31, 2015
March 31, 2014
Debentures/bonds
-
-
Banks
-
-
Financial institutions
-
-
Others
-
-
Total
-
-
74
Schedule - 8: Investments - Shareholders’
Particulars
( Rs. ‘000)
March 31, 2015
March 31, 2014
Long term investments
Government securities (Refer note 1 and 2 below)
Other approved securities
38,515,234
23,700,835
3,080,901
3,943,525
Other approved investments
(a) Shares
(i) Equity
-
-
(ii) Preference
-
-
-
-
(b) Mutual funds
(c) Derivative instruments
(d) Debentures/bonds
-
-
5,355,413
7,144,088
1,109,500
2,137,500
-
-
206,400
-
(e) Other securities
(i) Fixed deposit with banks
(f) Subsidiaries
(g) Investment properties - real estate
Investments in infrastructure and social sector
(a) Approved investments
(i) Equity
-
-
19,293,142
18,090,989
(i) Equity
-
-
(ii) Debentures/bonds
-
-
(b) Other investments
Other investments
(i) Equity
12,500
12,500
121,649
242,424
Short term investments
406
11,309
14,878
-
(i) Equity
-
-
(ii) Preference
-
-
(b) Mutual funds
-
-
-
-
459,203
771,027
2,438,000
1,539,600
758,961
9,996
(f) Subsidiaries
-
-
-
-
(a) Shares
(i) Fixed deposit with banks (Refer note 3 below)
(ii) Collateralized borrowing and lending obligation (CBLO)
(i) Equity
-
-
500,000
186,904
(i) Equity
-
-
-
-
Other investments
(i) Equity
-
-
-
314,135
Total
71,866,187
58,104,832
In India
71,866,187
58,104,832
Outside India
Total
-
-
71,866,187
58,104,832
75
Notes:
1.Includes Rs.156,365 thousand of securities kept under Section 7 of Insurance Act, 1938 at March 31, 2015 (At March 31, 2014: Rs.156,544
thousand) - (Refer note 3.3.3 of Schedule 16).
2. Includes Government securities of Rs. 612,575 thousand with market value of Rs. 670,865 thousand at March 31, 2015 (At March 2014: Rs.Nil
with market value of Rs. Nil) has been deposited with Clearing Corporation of India Limited (CCIL) as Settlement Guarantee Fund (SGF) deposit (Refer note 3.3.2 of schedule 16).
3. Includes fixed deposit of Rs. 400,000 thousand at March 31, 2015 (At March 31, 2014: Rs Nil) with HDFC Bank Ltd. towards margin requirement for equity trade settlement - (Refer note 3.3.2 of Schedule 16).
4. Aggregate amount of Company’s investments and the market value there of
( Rs. ‘000)
Particulars
March 31, 2015
March 31, 2014
Aggregate amount of Company’s investments other than equity securities, mutual fund, investment property
and derivative instruments
71,647,286
58,092,332
Market value of above investments
74,430,084
56,882,898
168,941
12,500
Aggregate amount of Company’s investments in mutual fund, equity and investment property (at historical
cost)
5. Investments in subsidiary at cost is Nil at March 31, 2015 (At March 31, 2014: Nil). For investments in holding company and other related entities - Refer note 3.18 of Schedule 16.
6. Investments made out of Catastrophe reserve is Rs. Nil (At March 31, 2015 and March 31, 2014).
7. Debt securities are held to maturity and reduction in market values represent market conditions and not a permanent diminution in value of
investments, if any.
8. Refer note 2(c)(iii) and 2(j) of schedule 16 for accounting policy related to investments.
76
Schedule - 8A: Investments - Policyholders’
( Rs. ‘000)
Participating
Particulars
Individual
Assurance
Non Participating
Individual
Pension
Individual
Assurance
Linked
Individual
Health
Individual
Annuity
Group
Assurance
Group
Variable
Individual
Assurance
Individual
Pension
Total
Group
LONG TERM INVESTMENTS
52,010,843
331,502
5,747,911
-
1,110,337
12,260,933
185,791
9,852
-
-
71,657,169
10,330,194
83,211
836,796
-
67,113
2,866,693
345,182
7,418
-
-
14,536,607
4,704,905
-
453,242
-
-
2,664,174
-
440,932
-
-
8,263,253
-
-
-
-
-
-
-
-
-
-
-
(a) Shares
(i) Equity
(ii) Preference
(b) Mutual funds
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
3,700,251
40,000
449,101
-
20,000
4,455,571
352,156
600,582
-
-
9,617,661
4,263,100
89,700
589,100
-
89,700
947,500
-
-
-
-
5,979,100
(f) Subsidiaries
-
-
-
-
-
-
-
-
-
-
-
(g) Investment properties real estate
-
-
-
-
-
-
-
-
-
-
-
(h) Loans
-
-
-
-
-
-
-
-
-
-
-
272,680
-
-
-
-
-
-
-
-
-
272,680
7,494,954
69,173
807,699
152,551
153,239
9,793,997
555,952
1,560,665
7,000
20,000
20,615,230
-
-
-
-
-
-
-
-
-
-
-
154,204
-
113,072
-
-
-
-
56,951
-
-
324,227
-
-
-
-
-
-
-
-
-
-
-
804,763
-
107,350
-
-
374,965
-
-
-
-
1,287,078
(i) Fixed deposit with
banks
Investments in
infrastructure and social
sector
(i) Equity
(iii) Loans
(i) Equity
(iii) Loans
Other investments
(i) Equity
437,381
-
15,360
-
-
-
-
-
-
-
452,741
360,815
-
69,699
-
-
-
-
-
-
-
430,514
(iii) Venture capital fund
140,323
-
-
-
-
-
-
-
-
-
140,323
(iv) Loans
375,000
-
-
-
-
-
-
-
-
-
375,000
969,125
-
-
-
-
1,504,040
-
-
-
-
2,473,165
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(a) Shares
(i) Equity
(ii) Preference
-
-
-
-
-
-
-
-
-
-
-
(b) Mutual funds
1,000,531
-
-
-
-
-
-
-
-
-
1,000,531
-
-
-
-
-
-
-
-
-
-
-
200,000
3,158
772,870
21,546
-
2,279,043
25,539
42,720
1,300
15,788
3,361,964
502,000
-
-
-
-
1,160,000
-
70,000
-
-
1,732,000
(i) Fixed deposit with
banks
77
(Rs. ‘000)
Participating
Particulars
(ii) Collateralized
borrowing and lending
obligation (CBLO)
Individual
Assurance
Non Participating
Individual
Pension
Individual
Assurance
Individual
Health
Individual
Annuity
Linked
Group
Assurance
Group
Variable
Individual
Assurance
Individual
Pension
Total
Group
324,556
-
-
-
-
-
4,993
-
-
-
329,549
(f) Subsidiaries
-
-
-
-
-
-
-
-
-
-
-
(g) Investment properties real estate
-
-
-
-
-
-
-
-
-
-
-
(h) Loans
-
-
-
-
-
-
-
-
-
-
-
Investments in
infrastructure and social
sector
(i) Equity
(iii) Loans
-
-
-
-
-
-
-
-
-
-
-
85,057
-
-
-
20,000
1,256,004
-
149,989
-
-
1,511,050
-
-
-
-
-
-
-
-
-
-
-
(i) Equity
-
-
-
-
-
-
-
-
-
-
-
18,992
-
-
-
-
-
-
-
-
-
18,992
-
-
-
-
-
-
-
-
-
-
-
(i) Equity
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(iii) Loans
Other investments
(iv) Loans
Total
-
-
-
-
-
88,149,674
616,744
9,962,200
174,097
1,460,389
88,149,674
616,744
9,962,200
174,097
1,460,389
-
-
-
-
-
1,469,613
2,939,109
8,300
35,788
144,378,834
1,469,613
2,939,109
8,300
35,788
39,562,920
In India
39,562,920
144,378,834
144,378,834
Outside India
Total
-
-
-
-
-
-
88,149,674
616,744
9,962,200
174,097
1,460,389
39,562,920
1,469,613
-
-
-
2,939,109
8,300
35,788
144,378,834
144,378,834
Notes:(Rs. ‘000)
1. Aggregate amount of company’s investments and the market value thereof
Particulars
March 31, 2015
March 31, 2014
Aggregate amount of Company’s investments other than equity securities, mutual fund, venture capital fund &
derivative instruments
133,925,076
108,965,041
139,554,985
106,268,475
8,377,626
5,720,015
Aggregate amount of Company’s investments in mutual fund, equity, venture capital fund and investment
property (at historical cost)
2. For investments in holding company and other related entities - Refer note 3.18 of schedule 16.
3. Investments made out of catastrophe reserve is Rs. Nil.
4. Debt Securities are held to maturity and reduction in market values represent market conditions and not a permanent diminution in value of investments, if any.
5. Refer note 2(c)(iii) and 2 (j) of Schedule 16 for accounting policy related to investments.
78
(Rs. ‘000)
Participating
Particulars
Individual
Assurance
Non Participating
Individual
Pension
Individual
Assurance
Individual
Health
Linked
Individual
Annuity
Group
Assurance
Individual
Assurance
Individual
Pension
Total
Group
LONG TERM INVESTMENTS
37,618,200
299,459
4,374,421
-
578,839
11,615,583
9,860
-
-
54,496,362
10,620,464
93,118
858,044
-
73,097
2,456,275
7,412
-
-
14,108,410
1,939,904
-
315,184
-
-
1,299,493
239,995
-
-
3,794,576
(a) Shares
(i) Equity
-
-
-
-
-
-
-
-
-
-
(b) Mutual funds
(ii) Preference
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
2,312,313
40,000
645,053
-
20,000
4,353,224
752,584
-
-
8,123,174
4,765,100
89,700
589,100
-
89,700
1,857,500
70,000
-
-
7,461,100
(f) Subsidiaries
-
-
-
-
-
-
-
-
-
-
(g) Investment properties - real
estate
-
-
-
-
-
-
-
-
-
-
87,000
-
58,000
-
-
145,000
-
-
-
290,000
(h) Loans
Investments in infrastructure and
social sector
(i) Equity
(iii) Loans
686,936
-
-
-
-
465,212
-
-
-
1,152,148
5,340,436
76,132
704,497
50,000
179,350
9,726,932
1,485,812
-
-
17,563,159
544,819
-
100,000
-
-
350,000
-
-
-
994,819
(i) Equity
(iii) Loans
-
-
-
-
-
-
-
-
-
-
42,396
-
-
-
-
-
-
-
-
42,396
-
-
-
-
-
-
-
-
-
-
Other investments
(i) Equity
461,411
-
230,224
-
-
-
138,149
-
-
829,784
758,307
-
249,910
-
-
-
-
-
-
1,008,217
120,000
-
-
-
-
-
-
-
-
120,000
-
-
-
-
-
-
-
-
-
-
694,228
-
-
-
-
297,526
-
-
-
991,754
-
-
-
-
-
49,927
-
-
-
49,927
(iv) Loans
(a) Shares
(i) Equity
-
-
-
-
-
-
-
-
-
-
(ii) Preference
-
-
-
-
-
-
-
-
-
500,630
(b) Mutual funds
500,630
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
961,790
-
67,014
113,629
42,546
886,144
414,569
8,139
12,026.00
2,505,857
-
-
-
-
-
750,000
250,000
-
-
1,000,000
49,982
-
-
-
-
-
-
-
-
49,982
(f) Subsidiaries
-
-
-
-
-
-
-
-
-
-
(g) Investment properties - real
estate
-
-
-
-
-
-
-
-
-
-
(h) Loans
-
-
-
-
-
-
-
-
-
-
(i) Fixed deposit with banks (Refer
note 2 below)
(ii) Collateralized borrowing and
lending obligation (CBLO)
79
(Rs. ‘000)
Participating
Particulars
Individual
Assurance
Non Participating
Individual
Pension
Individual
Assurance
Individual
Health
Linked
Individual
Annuity
Group
Assurance
Individual
Assurance
Individual
Pension
Total
Group
Investments in infrastructure and
social sector
(i) Equity
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
129,972
149,912
-
-
279,884
(iii) Loans
-
-
-
-
-
-
-
-
-
-
(i) Equity
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(iii) Loans
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Other investments
(i) Equity
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(iv) Loans
-
-
-
-
-
-
-
-
-
-
67,503,916
598,409
8,191,447
163,629
983,532
34,382,788
3,518,293
8,139
12,026
115,362,179
67,503,916
598,409
8,191,447
163,629
983,532
34,382,788
3,518,293
8,139
12,026
115,362,179
-
-
-
-
-
-
-
-
-
-
67,503,916
598,409
8,191,447
163,629
983,532
34,382,788
3,518,293
8,139
12,026
115,362,179
Total
In India
Outside India
Total
Notes:1. Aggregate amount of company’s investments and the market value thereof
(Rs. ‘000)
Particulars
March 31, 2015
March 31, 2014
Aggregate amount of Company’s investments other than equity securities, mutual fund, venture capital fund &
derivative instruments
133,925,076
108,965,041
139,554,985
106,268,475
8,377,626
5,720,015
Aggregate amount of Company’s investments in mutual fund, equity, venture capital fund and investment
property (at historical cost)
2. For investments in holding company and other related entities - Refer note 3.18 of schedule 16.
3. Investments made out of catastrophe reserve is Rs. Nil.
4. Debt Securities are held to maturity and reduction in market values represent market conditions and not a permanent diminution in value of investments, if
any.
5. Refer note 2(c)(iii) and 2 (j) of Schedule 16 for accounting policy related to investments.
80
Schedule - 8B: Assets Held to Cover Linked Liabilities
(Rs. ‘000)
Particulars
Linked Life
Linked Pension
Linked Group
Total
10,790,099
1,012,996
5,898,458
17,701,553
769,741
10,247
152,133
932,121
125,047,744
5,742,947
4,513,046
135,303,737
-
-
-
-
(a) Shares
(i) Equity
(ii) Preference
(b) Mutual funds
-
-
-
-
-
-
-
-
2,338,992
165,110
636,205
3,140,307
2,804,650
700
224,650
3,030,000
(e) Other Securities
(f) Subsidiaries
-
-
-
-
-
-
-
-
(i) Equity
8,947,403
486,419
265,754
9,699,576
5,906,106
133,674
1,312,166
7,351,946
7,696,687
328,016
126,996
8,151,699
-
-
-
-
10,472,700
436,958
201,777
11,111,435
1,011,014
14,171
21,754
1,046,939
747,907
976
7,106
755,989
-
-
-
-
(i) Equity
-
-
-
-
(ii) Preference
-
-
-
-
-
-
-
-
(i) Equity
Other investments
(i) Equity
(a) Shares
(b) Mutual funds
-
-
-
-
3,853,172
172,948
332,158
4,358,278
1,768,400
7,750
473,850
2,250,000
(ii) Collateralized borrowing and lending obligation
(CBLO)
5,248,005
252,762
571,028
6,071,795
-
-
-
-
(iii) Repurchase agreement (Repo)
(f) Subsidiaries
-
-
-
-
-
-
-
-
(i) Equity
-
-
-
-
1,249,930
91,642
275,803
1,617,375
(i) Equity
-
-
-
-
-
-
-
-
-
-
-
-
Other investments
(i) Equity
81
(Rs. ‘000)
Particulars
Linked Life
Net current assets
Total
In India
Linked Group
-
Total
-
-
2,893,695
129,732
904,239
3,927,666
191,546,245
8,987,048
15,917,123
216,450,416
191,546,245
8,987,048
15,917,123
216,450,416
Outside India
Total
Linked Pension
-
-
-
-
-
191,546,245
8,987,048
15,917,123
216,450,416
Note:
1. For investments in holding company and other related entities - Refer note 3.18 of schedule 16
2. Equity shares includes shares transferred under securities lending and borrowing scheme (SLB) where the Company retains all the associated risk and rewards
on these securities - (Refer note 3.3.10 of schedule 16)
3. Historical cost of above investments as at March 31, 2015 is Rs 175,324,420 thousands (March 31, 2014 : Rs. 185,013,230 thousands)
4. Refer schedule 16 note 2 (c)(iii) and 2(j) for accounting policy related to Investments and income on investments.
Particulars
(Rs. ‘000)
Linked Life
Linked Pension
Linked Group
Total
Government securities (Refer Note 1 below)
7,058,605
773,386
2,776,323
10,608,314
1,509,401
52,909
292,991
1,855,301
130,062,482
7,168,302
3,883,872
141,114,656
-
-
-
-
(a) Shares
(i) Equity
(ii) Preference
(b) Mutual funds
-
-
-
-
-
-
-
2,324,200
300,902
498,623
3,123,725
3,687,150
21,650
421,200
4,130,000
(e) Other Securities
(f) Subsidiaries
-
-
-
-
-
-
-
-
(i) Equity
13,179,540
800,352
472,638
14,452,530
6,834,754
430,795
1,084,239
8,349,788
(i) Equity
-
-
-
-
-
-
-
-
11,019,942
631,026
444,394
12,095,362
1,108,011
20,043
19,684
1,147,738
585,659
211,814
266,837
1,064,310
-
-
-
-
(i) Equity
-
-
-
-
(ii) Preference
-
-
-
-
Other investments
(i) Equity
(a) Shares
82
(Rs. ‘000)
Particulars
Linked Life
Linked Pension
Linked Group
Total
(b) Mutual funds
-
-
-
-
-
-
-
6,832,878
518,784
882,759
8,234,421
910,100
10,000
1,900
922,000
(ii) Collateralized borrowing and lending obligation
(CBLO)
604,023
203,750
241,911
1,049,684
-
-
-
-
-
(f) Subsidiaries
(iii) Repurchase agreement (Repo)
-
-
-
-
-
-
-
-
-
-
-
-
488,189
15,920
25,397
529,506
-
(i) Equity
(i) Equity
-
-
-
-
-
-
Other investments
(i) Equity
-
-
-
-
-
-
-
-
Net current assets
Total
In India
-
-
-
-
3,423,903
76,479
698,291
4,198,673
189,628,837
11,236,112
12,011,059
212,876,008
189,628,837
11,236,112
12,011,059
212,876,008
-
-
-
-
189,628,837
11,236,112
12,011,059
212,876,008
Outside India
Total
Note:
1. For investments in holding company and other related entities - Refer note 3.18 of schedule 16
2. Historical cost of above investments as at March 31, 2015 is Rs 175,324,420 thousands (March 31, 2014 : Rs. 185,013,230 thousands)
3. Refer schedule 16 note 2 (c)(iii) and 2(j) for accounting policy related to Investments and income on investments.
83
Schedule - 9: Loans
Particulars
(Rs. ‘000)
March 31, 2015
March 31, 2014
Security wise classification
Secured
(a) On mortgage of property
(i) In India
-
-
(ii) Outside India
-
-
(b) On shares, bonds, govt. securities, etc.
(c) Loan against policies
(d) Others
-
-
957,439
526,882
-
-
-
-
957,439
526,882
(a) Central and state government
-
-
(b) Bank and financial institutions
-
-
(c) Subsidiaries
-
-
(d) Companies
-
-
957,439
526,882
Unsecured
Total
Borrower wise classification
(e) Loan against policies
(f) Others
Total
-
-
957,439
526,882
957,439
526,882
-
-
-
-
Performance wise classification
(a) Loans classified as standard:
(i) In India
(ii) Outside India
(b) Non standard loans less provisions:
(i) In India
(ii) Outside India
Total
-
-
957,439
526,882
Maturity wise classification
(a) Short term
47,994
43,862
(b) Long term
909,445
483,020
Total
957,439
526,882
84
2
3,269
5,108,870
At March 31, 2014
269,662
126,850
19,996
106,854
22,211
131,032
603,620
-
603,620
32,993
2,616
16,286
565
269,802
17,686
-
156,441
104,848
-
2,383
-
Deductions
-
5,247,500
4,770,730
19,996
4,750,734
204,958
16,408
174,992
480,327
852,966
258,812
28,634
2,097,460
484,603
19,039
132,535
At March 31,
2015
-
2,595,298
2,692,653
-
2,692,653
191,496
8,435
103,641
478,212
986,543
100,300
7,872
171,076
539,990
-
105,088
At April 1, 2014
-
215,994
214,454
-
214,454
11,713
1,341
29,781
773
61,183
30,352
2,813
36,547
28,217
-
11,734
For the year
118,639
408,355
-
408,355
31,740
975
(9,091)
565
267,826
10,082
(869)
-
104,744
-
2,383
-
Deductions/
Adjustment1
DEPRECIATION
-
2,692,653
2,498,752
-
2,498,752
171,469
8,801
142,513
478,420
779,900
120,570
11,554
207,623
463,463
-
114,439
At March 31,
2015
-
2,554,847
2,271,978
19,996
2,251,982
33,489
7,607
32,479
1,907
73,066
138,242
17,080
1,889,837
21,140
19,039
18,096
At March 31,
2015
Refer note 2(l) of Schedule 16 for accounting policy on Fixed assets, intangibles, depreciation and impairment
2. None of the software are internally generated.
-
2,554,847
-
2,554,847
24,244
7,320
75,447
2,680
113,370
167,466
20,525
2,082,825
29,319
19,039
12,612
At March 31,
2014
NET BLOCK
( Rs. ‘000)
Note : 1. Includes assets with a carrying value of Rs. 30,417 (previous year: Nil) at April 1, 2014 whose useful life has expired during the year and the carrying value has been adjusted with retained earnings consequent to
change in useful life of these assets with reference to schedule II of Companies Act, 2013.
5,247,500
-
5,247,500
Grand total
Capital work in progress including Capital advances
Total
215,740
15,755
Office equipment
Vehicles
179,088
12,190
480,892
Information technology equipment (Servers)
Air conditioner
22,855
8,732
237
-
20,142
1,099,913
267,766
28,397
2,253,901
569,309
-
17,218
117,700
19,039
-
Additions
-
At April 1,
2014
GROSS BLOCK
Information technology equipment (Others)
Furniture and fittings
Electrical fittings
Buildings
Leasehold improvements to leasehold property
Freehold land
Tangible assets
Computer software
Goodwill
Intangible assets
Particulars
Schedule - 10 :Fixed Assets
85
Schedule - 11: Cash and bank balances
Particulars
(Rs. ‘000)
March 31, 2014
March 31, 2015
2,586,655
1,549,305
(i) Short-term (due within 12 months of the date of Balance Sheet)
-
100,000
(ii) Others
-
-
1,936,705
5,671,330
-
-
(a) With banks
-
-
(b) With other institutions
-
-
-
-
4,523,360
7,320,635
4,523,360
7,320,635
Cash (including cheques, drafts and stamps)
Bank balances
(a) Deposit accounts
(b) Current accounts
(c) Others
Money at call and short notice
Others
Total
Balances with non-scheduled banks included above
In India
Outside India
Total
86
-
-
4,523,360
7,320,635
(Rs. ‘000)
Schedule - 12: Advances and other assets
Particulars
March 31, 2015
March 31, 2014
Advances
Reserve deposits with ceding companies
-
-
Application money for investments
-
-
Prepayments
278,480
260,340
Advances to directors/officers
-
-
Advance tax paid and taxes deducted at source
-
-
49,507
179,365
Others:
Advances to suppliers
Gross
Less: Provision for doubtful advances
Net balance
9,161
8,600
40,346
170,765
776
755
Other advances
Gross
-
-
776
755
319,602
431,860
8,048,213
6,819,505
Outstanding premiums
2,623,273
2,721,610
Gross
-
-
-
-
Net balance
-
-
Net balance
Total (A)
Other assets
Agents' balances
Foreign agencies balance
Due from other entities carrying on insurance business (Including amount due from re-insurers)
Due from subsidiaries/holding company
Deposit with reserve bank of India [pursuant to section 7 of Insurance Act,1938] - refer note 3.3.3 of schedule 16
-
-
111,860
75,095
107
-
-
-
216,458
236,549
Deposits
Gross
Less: Provision for doubtful deposits
Net balance
3,564
16,594
212,894
219,955
Others
Unsettled investment contracts - receivable
528,402
488,930
Service tax unutilised credit
122,171
94,376
Others
142,056
68,870
Total (B)
11,788,976
10,488,341
Total (A) + (B)
12,108,578
10,920,201
87
Schedule - 13: Current liabilities
(Rs. ‘000)
Particulars
March 31, 2014
March 31, 2015
Agents' balances
Balances due to other insurance companies
761,214
692,019
44,591
66,568
-
-
Deposits held on re-insurance ceded
Premium received in advance
211,689
321,057
Unallocated premium
930,007
1,065,810
Sundry creditors
556,564
756,375
Due to subsidiaries/holding company
Claims outstanding
-
-
1,031,082
879,122
-
-
Annuities due
Due to officers/directors of the company
-
-
4,241,694
5,440,951
Payable unsettled investment contracts
3,784,797
1,971,613
Expense payable
1,961,759
1,889,928
Taxes payable
70,418
96,710
Statutory dues payable
24,160
28,187
Unclaimed amount of Policyholders (Refer note 3.5 of Schedule 16)
Others
Service tax payable
Employee payable
Deposits
Temporary overdraft as per the books of accounts
Unit payable
Total
-
-
44,380
43,723
15,114
-
535,037
-
1,032,793
-
15,245,299
13,252,063
Schedule - 14: Provisions
(Rs. ‘000)
Particulars
March 31, 2015
March 31, 2014
March 31, 2015
March 31, 2014
For taxation (less payments and taxes deducted at source)
Wealth tax
80
Income tax
3,552,962
100
3,553,042
2,772,453
2,772,553
For proposed dividends
-
-
For dividend distribution tax
-
-
Others
For leave encashment (Refer note 3.7 of Schedule 16)
For long term incentive plan (Refer note 3.7 of Schedule 16)
88,659
For gratuity (Refer note 3.7 of Schedule 16)
66,669
Total
241,771
287,094
200,481
13,239
442,422
3,995,464
Schedule - 15: Miscellaneous Expenditure
455,491
3,228,044
(To the extent not written-off or adjusted)
(Rs. ‘000)
Particulars
March 31, 2014
March 31, 2015
Discount allowed on issue of shares/debentures
-
-
Others
-
-
Total
-
-
88
Annexure to Revenue Account-Break up of unit linked business
(Rs. ‘000)
Form A- RA
Linked Life
Linked Pension
Particulars
Schedule
Non-Unit (a)
Unit (b)
Total
(c)=(a)+(b)
Non-Unit
(d)
Linked Group
Total
(f)=(d)+(e)
Unit
(e)
NonUnit
(g)
Unit
(h)
Total
(i)= g)+(h)
Total
(j)=(c)
+(f)+(i)
Premiums earned (Net of
service tax)
(a) Premium
1,592,543
10,843,456
12,435,999
32,403
618,602
651,005
18,849
4,352,900
4,371,749
17,458,753
(b) Reinsurance ceded (Refer
note 2(c)(ii) of Schedule 16)
(111,041)
-
(111,041)
(656)
-
(656)
(8,881)
-
(8,881)
(120,578)
1,481,502
10,843,456
12,324,958
31,747
618,602
650,349
9,968
4,352,900
4,362,868
17,338,175
249,535
4,107,832
4,357,367
81
243,028
243,109
277
644,364
644,641
5,245,117
(b) Profit on sale/redemption
of investments
39,211
42,102,696
42,141,907
5
2,683,364
2,683,369
22
1,714,644
1,714,666
46,539,942
(c) (Loss) on sale/redemption
of investments
(9,032)
(3,239,364)
(3,248,396)
(22)
(208,757)
(208,779)
(23)
(168,448)
(168,471)
(3,625,646)
-
12,386,063
12,386,063
-
397,422
397,422
-
479,741
479,741
13,263,226
(e) Accretion of discount/
(amortisation of premium)
(net)
205,030
800,645
1,005,675
456
46,004
46,460
1,042
100,238
101,280
1,153,415
Sub-Total
484,744
56,157,872
56,642,616
520
3,161,061
3,161,581
1,318
2,770,539
2,771,857
62,576,054
7,117,193
(7,117,193)
-
186,452
(186,452)
-
262,948
(262,948)
-
-
38,989
-
38,989
641
-
641
33,564
-
33,564
73,194
-
-
-
-
-
-
72,294
-
72,294
72,294
Sub-Total
7,156,182
(7,117,193)
38,989
187,093
(186,452)
641
368,806
(262,948)
105,858
145,488
Total (A)
9,122,428
59,884,135
69,006,563
219,360
3,593,211
3,812,571
380,092
6,860,491
7,240,583
80,059,717
195,234
-
195,234
21,106
-
21,106
5,655
-
5,655
221,995
4,588,494
-
4,588,494
255,470
-
255,470
358,121
-
358,121
5,202,085
5,519
-
5,519
311
-
311
398
-
398
6,228
-
-
-
-
-
-
-
-
-
-
(a) For diminution in the value
of investments (Net)
-
-
-
-
-
-
-
-
-
-
(Refer note 2(j)(ii) of Schedule
16)
-
-
-
-
-
-
-
-
-
-
(b) Others
-
-
-
-
-
-
-
-
-
-
Service tax charge on linked
charges
-
919,998
919,998
-
26,915
26,915
-
35,269
35,269
982,182
Sub-Total
Income from investments
(Refer note 2(c)(iii) of
Schedule 16)
(a) Interest, dividend & rent
- Gross
(d) Transfer/gain on
revaluation/change in fair
value
Other income
Linked income
UL1
Miscellaneous income (Refer
note 2(c)(iv) and 2(c)(v) of
Schedule 16)
Contribution from the
Shareholders' account
(Refer note 3.26 of Schedule
16)
Commission (Refer note 2(d)
of Schedule 16)
Operating expenses related to
insurance business
Provisions (other than
taxation)
Total (B)
Benefits paid (Net)
UL2
4,789,247
919,998
5,709,245
276,887
26,915
303,802
364,174
35,269
399,443
6,412,490
(102,227)
57,046,796
56,944,569
(87,827)
5,815,292
5,727,465
(7,541)
2,919,158
2,911,617
65,583,651
-
-
-
-
-
-
-
-
-
-
Change in valuation of liability
in respect of life policies
in force (Refer note 3.2 and
note (h) of Schedule 16)
89
(Rs. ‘000)
Form A- RA
Linked Life
Particulars
Schedule
(a) Gross policy liabilities (nonunit/mathematical reserve)
Non-Unit (a)
Linked Pension
Unit (b)
Total
(c)=(a)+(b)
Non-Unit
(d)
Unit
(e)
Linked Group
Total
(f)=(d)+(e)
NonUnit
(g)
Unit
(h)
Total
(i)=(g)+(h)
Total
(j)=(c)
+(f)+(i)
(623,029)
-
(623,029)
1,796
-
1,796
23,459
-
23,459
(597,774)
(b) Fund reserve (Refer note
1(e) of Schedule 16)
-
1,915,477
1,915,477
-
(2,249,064)
(2,249,064)
-
3,906,064
3,906,064
3,572,477
(c) Reserve for discontinued
policies (Refer note 3.14 of
Schedule 16)
1,387,281
1,864
1,389,145
-
68
68
-
-
-
1,389,213
(d) Amount ceded in reinsurance
-
-
-
-
-
-
-
-
-
-
(e) Amount accepted in reinsurance
-
-
-
-
-
-
-
-
-
-
Total (C)
662,025
58,964,137
59,626,162
(86,031)
3,566,296
3,480,265
15,918
6,825,222
6,841,140
69,947,567
3,671,156
-
3,671,156
28,504
-
28,504
-
-
-
3,699,660
663,597
-
663,597
-
-
-
-
-
-
663,597
-
-
-
-
-
-
-
-
-
-
3,007,559
-
3,007,559
28,504
-
28,504
-
-
-
3,036,063
Transfer to Shareholders’
account
3,007,559
-
3,007,559
28,504
-
28,504
-
-
-
3,036,063
-
-
-
-
-
-
-
-
-
-
Balance being funds for future
appropriations (Refer note 2(i)
of Schedule 16)
-
-
-
-
-
-
-
-
-
-
Total
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(b) Allocation of bonus to
policyholders
-
-
-
-
-
-
-
-
-
-
(c) Surplus shown in the
Revenue Account
3,007,559
-
3,007,559
28,504
-
28,504
-
-
-
3,036,063
Total Surplus
3,007,559
-
3,007,559
28,504
-
28,504
-
-
-
3,036,063
Opening balance as at April
1, 2014
-
-
-
-
-
-
-
-
-
-
Add: Current period
appropriations
-
-
-
-
-
-
-
-
-
-
Balance carried forward to
Balance Sheet
-
-
-
-
-
-
-
-
-
-
Surplus/(deficit) before tax
(D)=(A)-(B)-(C)
Provision for tax (Refer note
2(m) of Schedule 16)
(a) Current tax credit/(charge)
(b) Deferred tax credit/
(charge)
Appropriations
Funds for future
appropriations
Significant accounting policies
and notes
16
As required by section 40B(4) of the Insurance Act, 1938, we certify that all expenses of management in respect of life insurance business transacted in india by the Company have been
fully debited to the Policyholders’ Revenue Account as expenses.
90
Form A- RA
Linked Life
Particulars
Schedule
Non-Unit
(a)
Linked Pension
Total
(c)=(a)+(b)
Unit (b)
(Rs. ‘000)
Non-Unit
(d)
Unit (e)
Linked Group
Total
(f)=(d)+(e)
Non-Unit
(g)
Unit
(h)
Total
(i)=(g)+(h)
Total
(j)=(c)
+(f)+(i)
Premiums earned (Net of
service tax)
(a) Premium
1,317,733
9,432,778
10,750,511
12,960
668,350
681,310
98,202
2,638,173
2,736,375
14,168,196
(b) Reinsurance ceded (Refer
note 2(c)(ii) of Schedule 16)
(137,320)
-
(137,320)
(673)
-
(673)
(8,223)
-
(8,223)
(146,216)
-
-
-
-
-
-
-
-
-
-
1,180,413
9,432,778
10,613,191
12,287
668,350
680,637
89,979
2,638,173
2,728,152
14,021,980
266,380
5,510,148
5,776,528
-
409,617
409,617
-
510,961
510,961
6,697,106
(b) Profit on sale/redemption of
investments
2,551
29,419,615
29,422,166
-
1,987,283
1,987,283
19
717,114
717,133
32,126,582
(c) (Loss) on sale/redemption of
investments
(7,328)
(12,367,120)
(12,374,448)
(7)
(878,979)
(878,986)
(38)
(497,535)
(497,573)
(13,751,007)
(d) Transfer/gain on revaluation/
change in fair value
-
12,856,789
12,856,789
-
575,106
575,106
-
563,747
563,747
13,995,642
(e) Accretion of discount/
(amortisation of premium) (net)
132,255
1,093,011
1,225,266
1,069
65,786
66,855
2,014
106,596
108,610
1,400,731
Sub-Total
393,858
36,512,443
36,906,301
1,062
2,158,813
2,159,875
1,995
1,400,883
1,402,878
40,469,054
9,077,968
(9,077,968)
-
244,406
(244,406)
-
240,036
(240,036)
-
-
44,700
-
44,700
1,890
-
1,890
14,401
-
14,401
60,991
-
-
-
-
-
-
4,126
-
4,126
4,126
Sub-Total
9,122,668
(9,077,968)
44,700
246,296
(244,406)
1,890
258,563
(240,036)
18,527
65,117
Total (A)
10,696,939
36,867,253
47,564,192
259,645
2,582,757
2,842,402
350,537
3,799,020
4,149,557
54,556,151
Commission (Refer note 2(d) of
Schedule 16)
(735,452)
-
(735,452)
(17,242)
-
(17,242)
16,019
-
16,019
(736,675)
Operating expenses related to
insurance business
5,255,166
-
5,255,166
326,128
-
326,128
302,502
-
302,502
5,883,796
9,870
-
9,870
613
-
613
541
-
541
11,024
-
-
-
-
-
-
-
-
-
-
(a) For diminution in the value of
investments (Net)
-
-
-
-
-
-
-
-
-
-
(Refer note 2(j)(ii) of Schedule
16)
-
-
-
-
-
-
-
-
-
-
Sub-Total
(Refer note 2(c)(iii) of
Schedule 16)
(a) Interest, dividend & rent
- Gross
Other income
Linked income
UL1
Miscellaneous income (Refer
note 2(c)(iv) and 2(c)(v) of
Schedule 16)
Contribution from the
Shareholders' account
(Refer note 3.26 of Schedule
16)
(b) Others
-
-
-
-
-
-
-
-
-
-
Service tax charge on linked
charges
-
1,166,710
1,166,710
-
33,279
33,279
-
41,856
41,856
1,241,845
Total (B)
Benefits paid (Net)
UL2
4,529,584
1,166,710
5,696,294
309,499
33,279
342,778
319,062
41,856
360,918
6,399,990
(643,220)
66,736,654
66,093,434
(204,152)
5,930,880
5,726,728
43,569
1,429,389
1,472,958
73,293,120
-
-
-
-
-
-
-
-
-
-
91
(Rs. ‘000)
Form A- RA
Linked Life
Particulars
Schedule
Non-Unit
(a)
Linked Pension
Total
(c)=(a)+(b)
Unit (b)
Non-Unit
(d)
Unit
(e)
Linked Group
Total
(f)=(d)+(e)
Non-Unit
(g)
(12,854)
(12,094)
Unit
(h)
Total
(i)=(g)+(h)
Total
(j)=(c)
+(f)+(i)
Change in valuation of liability in
respect of life policies
in force (Refer note 3.2 and note
(h) of Schedule 16)
(a) Gross policy liabilities (nonunit/mathematical reserve)
(581,491)
-
(581,491)
(12,854)
-
-
(12,094)
(b) Fund reserve (Refer note
1(e) of Schedule 16)
-
(31,036,111)
(31,036,111)
-
2,327,775
2,327,775
(c) Reserve for discontinued
policies (Refer note 3.14 of
Schedule 16)
965,133
-
965,133
-
-
-
-
-
-
965,133
(d) Amount ceded in reinsurance
-
-
-
-
-
-
-
-
-
-
(e) Amount accepted in reinsurance
-
-
-
-
-
-
-
-
-
-
Total (C)
(259,578)
35,700,543
35,440,965
(217,006)
2,549,478
2,332,472
31,475
3,757,164
3,788,639
41,562,076
Surplus/(deficit) before tax
(D)=(A)-(B)-(C)
6,426,933
-
6,426,933
167,152
-
167,152
-
-
-
6,594,085
1,272,486
-
1,272,486
-
-
-
-
-
-
1,272,486
(3,381,402)
(3,381,402)
(606,439)
(32,089,738)
Provision for tax (Refer note
2(m) of Schedule 16)
(a) Current tax credit/(charge)
(b) Deferred tax credit/(charge)
-
-
-
-
-
-
-
-
-
-
5,154,447
-
5,154,447
167,152
-
167,152
-
-
-
5,321,599
Transfer to Shareholders’
account
5,154,447
-
5,154,447
167,152
-
167,152
-
-
-
5,321,599
-
-
-
-
-
-
-
-
-
-
Balance being funds for future
appropriations (Refer note 2(i)
of Schedule 16)
-
-
-
-
-
-
-
-
-
-
Total
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(b) Allocation of bonus to
policyholders
-
-
-
-
-
-
-
-
-
-
(c) Surplus shown in the
Revenue Account
5,154,447
-
5,154,447
167,152
-
167,152
-
-
-
5,321,599
Total Surplus
5,154,447
-
5,154,447
167,152
-
167,152
-
-
-
5,321,599
Opening balance as at April
1, 2013
-
-
-
-
-
-
-
-
-
-
Add: Current period
appropriations
-
-
-
-
-
-
-
-
-
-
Balance carried forward to
Balance Sheet
-
-
-
-
-
-
-
-
-
-
Appropriations
Significant accounting policies
and notes
16
As required by section 40B(4) of the Insurance Act, 1938, we certify that all expenses of management in respect of life insurance business transacted in india by the Company have been fully debited to
the Policyholders’ Revenue Account as expenses.
The accompanying notes and schedules form an integral part of the financial statements.
92
Schedule-UL1 : Linked income (recovered from linked funds) (net of service tax)
Particulars
(Rs. ‘000)
Linked Life
Unit
Fund administration charge
Linked Pension
Unit
Linked Group
Unit
Total
142,052
-
-
Fund management charge
2,702,824
129,237
157,041
2,989,102
Policy administration charge
2,429,587
47,156
12,843
2,489,586
-
-
-
-
Surrender charge
Switching charge
142,052
1,106
45
-
1,151
1,618,631
9,315
92,355
1,720,301
222,993
699
707
224,399
Partial withdrawal charge
-
-
-
-
Miscellaneous charge
-
-
-
-
7,117,193
186,452
262,948
7,566,591
Mortality charge
Rider premium charge
Total
Particulars
(Rs. ‘000)
Linked Life
Unit
Fund administration charge
Linked Pension
Unit
Linked Group
Unit
Total
135,278
-
-
135,278
Fund management charge
2,789,529
156,687
125,311
3,071,527
3,710,772
3,617,714
75,350
17,708
Surrender charge
-
-
-
-
Switching charge
1,027
58
-
1,085
2,234,932
11,475
96,162
2,342,569
299,488
836
855
301,179
-
-
-
-
Mortality charge
Total
-
-
-
-
9,077,968
244,406
240,036
9,562,410
93
94
-
-
-
-
(iii) Health
(v) Others
-
-
-
(d) Other benefits*
Sub-Total (C)
(102,227)
-
(102,227)
57,046,796
-
57,046,796
57,046,796
-
-
-
-
-
-
-
-
-
-
-
-
-
-
57,046,796
-
-
-
-
56,259,078
-
223,446
564,272
Unit
(b)
Linked Life
56,944,569
-
56,944,569
56,944,569
-
-
-
-
-
(27,424)
-
-
-
-
-
-
-
(27,424)
56,971,993
91,106
101
-
177,132
55,020,296
-
225,237
1,458,121
Total
(c)=(a) + (b)
Note: Refer note 2(g) of Schedule 16 for accounting policy on benefits paid.
Total
Outside India
In India
(102,227)
-
TOTAL (A)-(B)-(C)
-
(a) Claims by death
(27,424)
-
(ii) Rider
Sub-Total (B)
-
foreclosure*
(d) Other benefits
-
(27,424)
(74,803)
91,106
101
-
177,132
(1,238,782)
-
1,791
893,849
Non-Unit
(a)
(a) Claims by death
Sub-Total (A)
(v) Others
(iii) Health
(ii) Rider
foreclosure*
(d) Other benefits
(a) Claims by death
Insurance Claims
Particulars
Schedule–UL2 : Benefit paid (net)
(87,827)
-
(87,827)
(87,827)
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(87,827)
2,073
-
-
10,540
(109,570)
-
-
9,130
Non-Unit
(d)
5,815,292
-
5,815,292
5,815,292
-
-
-
-
-
-
-
-
-
-
-
-
-
-
5,815,292
-
-
-
-
5,213,677
-
565,816
35,799
Unit
(e)
Linked Pension
5,727,465
-
5,727,465
5,727,465
-
-
-
-
-
-
-
-
-
-
-
-
-
-
5,727,465
2,073
-
-
10,540
5,104,107
-
565,816
44,929
Total
(f)=(d) + (e)
(7,541)
-
(7,541)
(7,541)
-
-
-
-
-
(1,600)
-
-
-
-
-
-
-
(1,600)
(5,941)
1,248
-
-
200
(46,846)
-
-
39,457
Non-Unit
(g)
-
270
15,180
2,919,158
-
2,919,158
2,919,158
-
-
-
-
-
-
-
-
-
-
-
-
-
-
2,919,158
-
-
-
-
2,903,708
Unit
(h)
Linked Group
2,911,617
-
2,911,617
2,911,617
-
-
-
-
-
(1,600)
-
-
-
-
-
-
-
(1,600)
2,913,217
1,248
-
-
200
2,856,862
-
270
54,637
Total
(i) = (g) + (h)
65,583,651
-
65,583,651
65,583,651
-
-
-
-
-
(29,024)
-
-
-
-
-
-
-
(29,024)
65,612,675
94,427
101
-
187,872
62,981,265
-
791,323
1,557,687
Total
(j)=(c)+(f)+(i)
(Rs. ‘000)
-
-
-
-
(iii) Health
(v) Others
-
-
-
(d) Other benefits*
Sub-Total (C)
(643,220)
-
(643,220)
66,736,654
-
66,736,654
66,736,654
-
-
-
-
-
-
-
-
-
-
-
-
-
-
66,736,654
-
-
-
-
64,734,801
-
1,465,149
536,704
Unit
(b)
Linked Life
66,093,434
-
66,093,434
66,093,434
-
-
-
-
-
(46,853)
-
-
-
-
-
-
-
(46,853)
66,140,287
113,739
-
-
120,926
62,517,020
6
1,465,149
1,923,447
Total
(c)=(a) + (b)
Note: Refer note 2(g) of Schedule 16 for accounting policy on benefits paid.
Total
Outside India
In India
(643,220)
-
TOTAL (A)-(B)-(C)
-
(a) Claims by death
(46,853)
-
(ii) Rider
Sub-Total (B)
-
foreclosure*
(d) Other benefits
-
(46,853)
(596,367)
(a) Claims by death
Sub-Total (A)
113,739
-
(v) Others
-
120,926
(2,217,781)
(iii) Health
(ii) Rider
foreclosure*
(d) Other benefits
-
6
1,386,743
Non-Unit
(a)
(a) Claims by death
Insurance claims
Particulars
(204,152)
-
(204,152)
(204,152)
-
-
-
-
-
(698)
-
-
-
-
-
-
-
(698)
(203,454)
-
-
-
-
(216,031)
-
2,710
9,867
Non-Unit
(d)
5,930,880
-
5,930,880
5,930,880
-
-
-
-
-
-
-
-
-
-
-
-
-
-
5,930,880
-
-
-
-
5,405,359
-
475,474
50,047
Unit
(e)
Linked Pension
5,726,728
-
5,726,728
5,726,728
-
-
-
-
-
(698)
-
-
-
-
-
-
-
(698)
5,727,426
-
-
-
-
5,189,328
-
478,184
59,914
Total
(f)=(d) + (e)
43,569
-
43,569
43,569
-
-
-
-
-
(6,150)
-
-
-
-
-
-
-
(6,150)
49,719
16,252
-
-
-
(18,856)
-
-
52,323
Non-Unit
(g)
-
414
13,020
1,429,389
-
1,429,389
1,429,389
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1,429,389
-
-
-
-
1,415,955
Unit
(h)
Linked Group
1,472,958
-
1,472,958
1,472,958
-
-
-
-
-
(6,150)
-
-
-
-
-
-
-
(6,150)
1,479,108
16,252
-
-
-
1,397,099
-
414
65,343
Total
(i) = (g) + (h)
73,293,120
-
73,293,120
73,293,120
-
-
-
-
-
(53,701)
-
-
-
-
-
-
-
(53,701)
73,346,821
129,991
-
-
120,926
69,103,447
6
1,943,747
2,048,704
Total
(j)=(c)+(f)+(i)
(Rs. ‘000)
95
Schedule - 16 : Significant accounting policies and notes
(c) Revenue recognition
1. Company information
i.
Bajaj Allianz Life Insurance Company Limited (`the Company’),
a joint venture between Bajaj Finserv Limited and Allianz SE,
was incorporated on March 12, 2001 as a Company under
the Companies Act, 2013 (`the Act’). The Company obtained
a license from the Insurance Regulatory and Development
Authority (“IRDA”) for carrying on the business of life insurance
on August 3, 2001. The license has been renewed annually and
is in force as at March 31, 2015.
Premium is recognized as income when due from policyholders.
For unit linked business, premium is recognized as income
when the associated units are created.
The Company is in the business of providing life insurance,
health insurance and pensions across individual and group
customers. These products are offered across the traditional
and unit-linked platforms. The product portfolio of the
Company varies across participating life, non-participating
linked, non-linked life, health, variable insurance, annuity and
pension products including rider benefits that are offered under
some of these products.
The Company distributes these products through individual
agents, corporate agents, banks, brokers, online through the
Company website and through the Company’s direct sales
channels across the country.
2. Summary of significant accounting policies
(a) Basis of preparation
The accompanying financial statements are prepared and
presented under the historical cost convention, unless otherwise
stated, and on the accrual basis of accounting, in accordance
with accounting principles generally accepted in India (Indian
GAAP). The Company has prepared the financial statements
in compliance with the Accounting Standards (ÀS’) notified
under the Section 133 of the Companies Act, 2013 read with
paragraph 7 of the Companies (Accounts) Rules, 2014 and
in accordance with the provisions of the Insurance Act, 1938
(amended by the Insurance Laws (Amendment) Act, 2015),
Insurance Regulatory and Development Authority Act, 1999,
and the regulations framed thereunder, various circulars issued
by the IRDA and the practices prevailing within the insurance
industry in India.
The accounting policies have been consistently applied by
the Company. The management evaluates all newly issued or
revised accounting pronouncements on an ongoing basis to
ensure due compliance.
(b) Use of estimates
The preparation of financial statements in conformity
with generally accepted accounting principles requires
management to make estimates and assumptions that
affect the reported amounts of assets, liabilities, revenue and
expenses and disclosure of contingent liabilities as on the
date of financial statements. The estimates and assumptions
used in the accompanying financial statements are based
upon management’s evaluation of the relevant facts and
circumstances as of the date of the financial statements.
Actual results could differ from those estimates. Any revision to
accounting estimates is recognized prospectively in the current
and future periods.
96
Premium income
Premium on lapsed policies is recognized as income when such
policies are reinstated.
Top up premiums paid by unit linked policyholders’ are
considered as single premium and recognized as income when
the associated units are created.
ii.
Reinsurance premium ceded and commission thereon
Reinsurance premium ceded is accounted in accordance with
the terms and conditions of the relevant treaties with the
reinsurer.
Commission received on reinsurance ceded is recognized as
income, and net off against commission paid, in the period in
which reinsurance premium is ceded. Profit commission on
reinsurance ceded is recognized as income, and net off against
reinsurance premium, in the period in which reinsurance
premium is ceded.
iii. Income from investments
Interest income is recognized on accrual basis. Premium or
discount on acquisition, as may be the case, in respect of debt
securities, pertaining to non-linked investments is amortized/
accreted over the period of maturity/holding using the effective
yield methodology.
In case of listed equity, dividend income is recognized on the
‘ex-dividend’ date. In case of unlisted equity dividend income is
recognized when the right to receive dividend is established.
Fees received on lending of equity shares under Securities
Lending & Borrowing scheme (SLB) is recognized as income
over the period of lending on straight line basis.
Lease rentals on investment property is recognized on accrual
basis and include only the realized rent and does not include any
notional rent, as prescribed by IRDA (Preparation of Financial
Statements and Auditors’ Report of Insurance Companies)
Regulations 2002. Costs related to operating and maintenance
of investment property are recognized as expense in the
Revenue and Profit and Loss Account.
Profit or loss on sale/redemption of equity shares and mutual
fund units is the difference between the net sale consideration
and the weighted average cost in the books of the Company.
Profit or loss on sale/redemption of such securities in other
than linked investments is recognized on trade/redemption
date and includes effects of accumulated fair value changes, as
applicable and previously recognized.
Profit or loss on sale/redemption of debt securities held under
other than linked business is the difference between the net sale
consideration and the amortized cost computed on weighted
average basis as on the date of sale.
Profit or loss on sale/redemption on debt securities held
for linked business is the difference between the net sale
consideration and the weighted average cost as on the date of
sale.
iv. Other income from unit linked policies
Fund management charges, policy/fund administration
charges and cost of insurance are accounted for on accrual basis
in accordance with terms and conditions of the policies issued.
v.
Fees and charges
Interest income on loans to policyholders is recognized as
income on an accrual basis and disclosed under other income.
Interest on overdue premium is recognized as income on
reinstatement of the policy.
(d) Acquisition cost
Acquisition costs are costs that vary with and are primarily
related to acquisition of new insurance contracts. Acquisition
cost mainly consist of commission, medical costs, stamp duty
and other related expenses. These costs are expensed out in the
year in which they are incurred.
Additional first year commission is accrued in the year of sale
of the policy, but due and payable after receipt of second year
renewal premium. Claw back in future, if any, for the first year
commission paid, is accounted for in the year in which it is
recovered.
(e) Employee benefits
i.
Short term employee benefits
All employee benefits payable within twelve months of
rendering the service are classified as short-term employee
benefits. Benefits such as salaries, bonuses, short term
compensated absences and other non-monetary benefits are
recognized in the period in which the employee renders the
related service. All short term employee benefits are accounted
on undiscounted basis.
ii.
Long term employee benefits: Post-employment
The Company has both defined contribution and defined
benefit plans.
Defined contribution plans
Superannuation: The Company has established a defined
contribution scheme for Superannuation to provide retirement
benefits to its employees. This Superannuation scheme (Bajaj
Auto Employee Superannuation Scheme) has been established
along with the Company’s promoter group. Contributions to
this scheme are made by the Company on an annual basis and
charged to the Revenue account and Profit and Loss account, as
applicable. The expenses are booked on an undiscounted basis.
The Company has no further obligation beyond the monthly
contribution.
Provident fund: Each eligible employee and the Company
make contribution at a percentage of the basic salary specified
under the Employee Provident Funds and Miscellaneous
Provisions Act, 1952. The Company recognizes contributions
payable to the Provident fund scheme as an expenditure
when the employees render the related service. The Company
has no further obligations under the plan beyond its periodic
contributions.
Other contributions: The Company makes contributions to
Employee Labour Welfare Fund, Employee’s State Insurance
Corporation and Employee Deposit Linked Insurance Schemes.
Balance Sheet | Cash Flow Statements | Schedules | Annexures
The contributions are charged to the Revenue Account in the
year the contributions are made.
Defined benefit plans
Gratuity: The gratuity benefit payable to the employees of the
Company is as per the provisions of the Payment of Gratuity Act,
1972 or the Company’s gratuity plan, whichever is higher. The
Company accounts for liability for future gratuity benefits based
on independent actuarial valuation under revised Accounting
Standard 15 (AS 15) on ‘Employee Benefits’. Contributions
towards gratuity are made to a Trust, administered by the
Company. The gratuity liability of the Company is actuarially
determined at the Balance Sheet date using the `projected unit
credit method’.
The Company contributes towards net liabilities to the Bajaj
Allianz Life Insurance Company Limited, Employees Group
Gratuity cum Life Assurance Scheme. The Company recognizes
the net obligation of the Scheme in Balance Sheet as an asset
or liability, respectively in accordance with Accounting Standard
(AS-15) (revised 2005), ‘Employee benefits’. The discount
rate used for estimation of liability is based on Government
securities yield. Gain or loss arising from change in actuarial
assumptions/experience adjustments is recognized in the
Revenue account and Profit or Loss account for the period
in which they emerge. Expected long term rate of return on
assets has been determined based on historical experience and
available market information.
iii. Other long term employee benefits
Other long term employee benefits includes accumulated
compensated absences that are entitled to be carried forward
for future encashment or availment, at the option of the
employee subject to the rules framed by the Company which
are expected to be availed or enchased beyond 12 months from
the end of the year and long term retention incentive payable to
employees on fulfilment of criteria prescribed by the Company.
The Company’s liability towards accumulated compensated
absences entitlement outstanding at the close of the year and
long term retention incentive are determined on the basis of
an independent actuarial valuation and are recognized as a
liability at the present value of the obligation as at the Balance
Sheet date. Accumulated entitlements related to compensated
absences, at the time of separation, are entitled to be encashed.
(f) Operating lease expenses
Leases where the lessor effectively retains substantially all
the risks and rewards of ownership are classified as operating
leases. Payments made under operating lease are recognized
as an expense, on a straight line basis, over the lease term.
(g) Benefits paid
Benefits paid comprise of policy benefits and claim settlement
costs.
Death and rider claims are accounted for on receipt of intimation.
Survival, maturity and annuity benefits are accounted when
due as per the terms of the contract with the policyholder.
Withdrawals and surrenders under non-linked policies are
accounted on the receipt of intimation. Withdrawals and
surrenders under unit linked policies are accounted when the
associated units are cancelled. Surrender charges recovered, if
any, are net off against the claim expense incurred.
Reinsurance recoveries are accounted for in the same
period as the related claims and net off against the claim
97
expense incurred. Repudiated claims disputed before judicial
authorities are provided for based on the best judgment of the
management considering the facts and evidence in respect of
each such claim.
(h) Actuarial liability
The actuarial liabilities are calculated in accordance with
accepted actuarial practice, requirements of Insurance Act,
1938, regulations notified by the Insurance Regulatory and
Development Authority of India and Actuarial Practice Standards
of the Institute of Actuaries of India.
Mutual fund units are stated at fair value being the per unit net
asset value on the Balance Sheet date declared by respective
Mutual Fund.
The Company provides for liabilities in respect of all “in force”
policies and “lapsed policies” that are likely to be revived in
future, based on actuarial valuation done by the Appointed
Actuary as per gross premium method in accordance with
accepted actuarial practices, requirements of IRDA and the
Institute of Actuaries of India.
Unrealized gains/losses on changes in fair values of listed equity
shares and mutual funds are taken to the “Fair Value Change
Account” in the Balance Sheet.
Linked liabilities comprise unit liability representing the fund
value of policies and non-unit liability for meeting insurance
claims and expenses, etc. This is determined based on an
actuarial valuation carried out by the Appointed Actuary.
Investment property is held to earn rental income or for capital
appreciation and is not occupied by the Company. Investment
property is initially valued at cost including any directly
attributable transaction costs. Investment property is revalued
at least once in every three years. The change in carrying amount
of investment property is taken to “Revaluation reserve” in the
Balance Sheet.
(i) Funds for Future Appropriations (FFA)
FFA (Non-linked) includes the amount of unappropriated profits
held in the Balance Sheet as Funds for Future Appropriations
based on the recommendation of Appointed Actuary.
(j) Investments
Investments are made and accounted for in accordance with the
Insurance Act, 1938, Insurance Regulatory and Development
Authority (Investments) Regulations, 2000 amended from
time to time, Insurance Regulatory and Development Authority
(Preparation of Financial Statements and Auditor’s Report of
Insurance Companies) Regulations, 2002 and various other
circulars/notifications issued by the IRDA in this context from
time to time.
Investments are recorded on trade date at cost, which includes
brokerage, fees and related taxes, if any and excludes preacquisition interest, if any.
Broken period interest paid/received is debited/credited to
interest accrued but not due account.
Bonus and Rights entitlements are recognized as investments
on ex-date basis.
i.
Classification
Investments maturing within twelve months from the Balance
Sheet date and investments made with the specific intention to
dispose off within twelve months from Balance Sheet date are
classified as short-term investments. Investments other than
short term Investments are classified as long-term investments.
ii. Valuation – Shareholders’ investments and non-linked
policyholders’ investments
All debt securities are considered as ‘held to maturity’ and
accordingly stated at historical cost adjusted for amortization of
premium or accretion of discount, as may be the case, over the
period held to maturity/sale using the effective yield basis.
Money market instruments are valued at historical cost and
adjusted for amortization of premium or accretion of discount,
as may be the case, over the period of maturity/holding on a
straight-line basis.
98
Listed equity shares are stated at fair value being the last quoted
closing price on the National Stock Exchange of India (‘NSE’). In
case the equity shares are not listed on the NSE, then they are
valued on the last quoted closing price on BSE Limited (‘BSE’).
Unlisted equity shares are stated at historical cost. Equity shares
lent under the Securities Lending and Borrowing scheme (SLB)
continue to be recognized in the Balance Sheet as the Company
retains all the associated risks and rewards of these securities.
Investment in venture capital fund, security receipts, fixed
deposits and loans are valued at cost.
The Company assesses at each Balance Sheet date whether
there is any evidence of impairment of any investments. In
case of impairment, the carrying value of such investment is
reduced to its fair value and the impairment loss is recognized
in the Revenue/Profit and Loss account after adjusting it with
previously recognized Revaluation reserve/Fair value change
account. However, at the Balance Sheet date if there is any
indication that a previously recognized impairment loss no
longer exists, then such loss is reversed and the investment is
restated to that extent.
iii. Valuation – linked business
Listed equity shares are valued at fair value, being the last
quoted closing price on the NSE. In case the equity shares are
not listed on the NSE, then they are valued on the last quoted
closing price on BSE. Equity shares lent under Securities Lending
and Borrowing scheme (SLB) are valued as equity shares as the
company retains the risk and reward of the shares lent.
Equity Exchange Traded Funds (ETF) are valued as equity
shares. In case the ETF is not traded either on NSE or BSE on
any day, NAV as published by the Mutual Fund is considered for
valuation.
Government securities are valued at prices obtained from Credit
Rating Information Services of India Limited (CRISIL).
Debt securities other than government securities with a residual
maturity of over 182 days are valued on a yield to maturity
basis, by using spreads over the benchmark rate (based on the
matrix released by the CRISIL on daily basis) to arrive at the
yield for pricing the security. Debt securities with a residual
maturity upto 182 days are valued at last valuation price plus
the difference between the redemption value and last valuation
price, spread uniformly over the remaining maturity period of
the instrument.
Treasury bills, Certificate of Deposits and Commercial Papers
are valued at cost and adjusted for amortization of premium or
accretion of discount, as the case, over the period of maturity/
holding on a straight-line basis.
Fixed Deposit and Loans are valued at cost.
Asset costing up to Rs. 5,000 are charged off as revenue expenses.
Mutual fund units and Venture capital funds are valued at the
last available per unit Net Asset Value declared for the respective
fund.
Gains or losses arising from de-recognition of fixed assets are
measured as the difference between the net disposal proceeds
and the carrying amount of the asset and are recognized in the
revenue account when the asset is de-recognized.
Unrealized gains and losses are recognized in the Revenue
account as prescribed by IRDA (Preparation of Financial
Statements and Auditors’ Report of Insurance Companies)
Regulations 2002.
Securities with call option are valued at the lower of the value
as obtained by valuing the security up to final maturity date or
the call option date. In case there are multiple call options, the
security is valued at the lowest value obtained by valuing the
security at various call dates or up to the final maturity date.
Securities with put option are valued at the higher of the value
as obtained by valuing the security up to final maturity date or
the put option date. In case there are multiple put options, the
security is valued at the highest value obtained by valuing the
security at various put dates or up to the final maturity date.
Consequent to the enactment of the Companies Act, 2013 (the
Act) and its applicability for accounting periods commencing
after 1 April 2014, the Company has re-worked depreciation
with reference to the estimated economic lives of fixed assets
prescribed by Schedule II to the Act. In case of any asset whose life
has completed as per provisions of schedule II, the carrying value,
net of residual value, as at April 1, 2014 has been adjusted with
the retained earnings (accumulated Profit and Loss balance) and
in other cases the carrying value has been depreciated over the
remaining of the revised life of the assets and recognized in the
Revenue account.
The estimated useful life of assets determined is as follows:
The securities with both put and call option on the same day
would be deemed to mature on the put/call date and would be
valued on a yield to maturity basis, by using spreads over the
benchmark rate based on the matrix released by CRISIL.
Valuation of Discontinued policies fund is done as per the
valuation policy applicable to Unit Linked business.
Asset Class
Useful life (in years)
Leasehold improvement
Over the balance period of
lease
Buildings
60
Electrical fittings
10
Furniture and fittings
10
Information technology
iv. Transfer of investments
equipment
3
Transfer of investments from Shareholders’ fund to the Policyholders’ fund is made at book value or market price; whichever
is lower.
Server and networks
6
Air conditioner
5
Vehicles
8
No transfer of investments is carried out between non-linked
policyholders’ funds.
Office equipment
5
Inter fund transfer of Treasury Bills, Certificate of Deposits and
Commercial Papers between unit linked funds is done at cost
plus accretion. Inter fund transfer of loans is done at cost.
Depreciation is provided prorated from the date of being ready to
use, up to the date of sale, based on estimated useful life for each
class of asset.
All other transfer of investments between unit linked funds is
done at prevailing price.
ii.
(k) Loans
Loans are stated at historical cost, net of provision for impairment, if any.
(l) Fixed assets, Intangibles, Depreciation and impairment
i.
Tangible assets and depreciation
Tangible assets are stated at acquisition cost less accumulated
depreciation and impairment loss, if any. Cost includes the
purchase price net of trade discounts and rebates, if any, and
any cost directly attributable to bringing the asset to its working
condition for its intended use and other incidental expenses
incurred up to that date.
Subsequent expenditure incurred on tangible assets is expensed
out except where such expenditure results in an increase in
future benefits from the existing assets beyond its previously
assessed standard of performance.
In respect of liabilities incurred in acquisition of fixed assets in
foreign exchange, the net gain or loss arising on conversion/
settlement is charged to Revenue Account.
Intangibles
Intangible assets comprising software are stated at cost less
amortization. Significant expenditure on improvements to
software are capitalized when it is probable that such expenditure
will enable the asset to generate future economic benefits in
excess of its originally assessed standards of performance and
such expenditure can be measured and attributed to the asset
reliably. Subsequent expenditures are amortized over the
remaining useful life of original software. Software expenses are
amortized using SLM over a period of 3 years from the date of
being ready to use.
Gains or losses arising from de-recognition of intangible assets are
measured as the difference between the net disposal proceeds
and the carrying amount of the asset and are recognized in the
revenue account when the asset is de-recognized.
iii. Capital work in progress
Assets not ready for their intended use and other capital workin-progress are carried at cost, comprising direct cost and related
incidental expenses.
99
iv. Impairment of assets
At each Balance Sheet date, management assesses whether
there is any indication, based on internal/external factors, that an
asset may be impaired. Impairment occurs where the carrying
value exceeds the present value of future cash flows expected
to arise from the continuing use of the asset and its eventual
disposal. The impairment loss to be expensed is determined as
the excess of the carrying amount over the higher of the asset’s
net sales price or present value as determined above.
An assessment is made at the Balance Sheet date to see if there
is an indication that a previously assessed impairment loss no
longer exists or may have decreased. If such indication exists,
the recoverable amount is reassessed and the asset is reflected
at the recoverable amount, subject to maximum of depreciable
historical cost.
After impairment, depreciation is provided on the revised
carrying amount of the asset over the remaining useful life.
(m) Taxation
i.
Direct taxes
The Income-Tax Act, 1961 prescribes that profits and gains of
life insurance companies will be the surplus or deficit disclosed
by the actuarial valuation made in accordance with the Insurance Act, 1938.
The Company creates a provision when there is present legal
obligation as a result of a past event/(s) that probably requires
an outflow of resources and a reliable estimate can be made
of the amount of the obligation. Provisions are not discounted
to their present value and are determined based on the best
estimate to settle the obligation on the reporting date. These
estimates are reviewed at each Balance Sheet date and adjusted
to reflect current best estimates.
A contingent liability is a possible obligation that arises from past
event/(s) whose existence will be confirmed by the occurrence
or non-occurrence will be confirmed by one or more uncertain
future events. It also includes a present obligation that is not
recognized as it is not probable that an outflow of resources
will be required to settle the obligation. Accordingly, the
Company does not recognize a contingent liability but discloses
the existence of a contingent liability when there is a possible
obligation or a present obligation that may, but probably will
not, require an outflow of resources. When there is a possible
obligation or a present obligation in respect of which the
likelihood of outflow of resources is remote, no provision or
disclosure is made.
Contingent assets are neither recognized nor disclosed.
(o) Segmental reporting
Current tax – which is the amount of tax for the year determined in accordance with the Income Tax Act, 1961. Current
tax is the amount expected to be paid to the tax authorities after
taking credit for allowances and exemptions in accordance with
the Income Tax Act, 1961.
Based on the primary segments identified under IRDA
(Preparation of Financial Statements and Auditors’ Report of
Insurance Companies) Regulations 2002 (‘the Regulations’)
read with AS 17 on “Segmental Reporting” prescribed in the
Companies Act, 2013 and rules thereunder, the Company has
classified and disclosed segmental information separately
for Shareholders’ and Policyholders’. Within Policyholders’,
the businesses are further segmented into Participating (Life
and Pension), Non-Participating (Life, Pension, Health, Group
Assurance and Group Variable), Linked (Life, Pension and
Group). The Group Variable line of business has been disclosed
as a separate segment in the current year as prescribed by the
Master Circular on Preparation of Financial Statements and
Filing Returns of Life Insurance Business. Since all business is
written in India, there are no reportable geographical segments.
The Company allocates tax to the respective lines of businesses
in the Revenue account in order to ensure that the expenses
pertaining to and identifiable with a particular line of business
are represented as such to enable a more appropriate presentation of the financial statements.
Indirect taxes
Service tax liability on premium and charges is set-off against
available service tax credits from service tax payments made
for eligible input services. Unutilized credits, if any, are carried
forward under “Advances and other Assets” for adjustments/
set-off in subsequent periods, after creating a provision based
on estimated realization of the unutilized credit. Such provisions
are subsequently reversed only on reasonable certainty that the
100
(n) Provisions and contingencies
Income tax expense comprises of:
Deferred tax – this could be a charge or credit reflecting the tax
effects of timing differences between accounting income and
taxable income for the year. Deferred tax asset and liabilities
are recognized using the tax rates that have been enacted or
substantively enacted by the Balance Sheet date. Deferred tax
assets are recognized and carried forward only to the extent
there is reasonable certainty that sufficient future taxable income will be available against which such deferred tax assets
can be realized. However, deferred tax asset in respect of unabsorbed depreciation or carried forward loss are recognized
only if there is a virtual certainty of realization of such assets.
At each Balance Sheet date the Company re-assesses unrecognized deferred tax assets. It recognizes unrecognized deferred
tax assets to the extent that it has become reasonably certain or
virtually certain, as the case may be that sufficient future taxable income will be available against which such deferred tax
assets can be realized.
ii.
credits will be utilized in future periods.
The allocation of revenue, expenses, assets and liabilities to
specific segments is done in the following manner, which is
applied on a consistent basis
• Revenue, expenses, assets and liabilities that are directly
identifiable to the segment are allocated on actual basis
• Other revenue, expenses (including depreciation and
amortization), assets and liabilities that are not directly
identifiable to a segment are allocated based on the relevant
drivers which includes:
• New business regular premium
• New business single premium
• Renewal premium; and
• Premium relating to paid up policies
• Total operating expenses (for certain current assets and
liabilities)
• Use of asset (for depreciation expense)
• Expenses attributable to shareholders are charged to the
Shareholders’ account.
(p) Foreign exchange transactions
3. Notes to Accounts
On initial recognition foreign currency transactions are recorded
in Indian Rupees, by applying to the foreign currency amount
the exchange rate between the Indian Rupee and the foreign
currency at the date of the transaction.
3.1 Contingent liabilities
Subsequent conversion on reporting date foreign currency
monetary items are translated using the exchange rate
prevailing at the reporting date. Non-monetary items, which are
measured in terms of historical cost denominated in a foreign
currency, are reported using the exchange rate at the date of
the transaction. Non-monetary items, which are measured at
fair value or other similar valuation denominated in a foreign
currency, are translated using the exchange rate at the date
when such value was determined.
Exchange differences are recognized as income or as expenses
in the period in which they arise.
Particulars
(Rs. ’000)
As at March
31, 2015
Partly-paid up investments
As at March
31, 2014
-
-
-
-
683
1,070
-
-
427,055
74,227
-
-
- Death repudiation cases pending
110,782
99,763
- Cases pending against servicing
117,253
95,967
655,773
271,027
Underwriting commitments
outstanding
Claims, other than those under
policies, not acknowledged as debts
- Claims from employees relating to
compensation/termination disputes
Guarantees given by or on behalf of
the Company
Statutory demands/liabilities in
(q) Earnings per share
Basic earnings per share is calculated by dividing the net profit
or loss for the year attributed to equity shareholders by the
weighted number of equity shares outstanding during the year.
For the purpose of calculating diluted earnings per share, the
net profit or loss for the year attributable to equity shareholders
and the equity weighted number of shares outstanding during
the year are adjusted for effects of all dilutive equity shares, if
any.
(r) Cash and cash equivalents
Cash and cash equivalents for the purpose of Cash Flow
Statement (Receipts and Payments account) include cash and
cheques in hand, bank balances, liquid mutual funds and other
short term investments with original maturity of three months
or less which are subject to insignificant risk of changes in value.
(s) Pending litigations
The Company’s pending litigations comprise of claims against
the Company primarily by the customers, employees who
have left the organization and proceedings pending with
Tax authorities. The Company has reviewed all its pending
litigations and proceedings and has adequately provided for
where provisions are required and disclosed the contingent
liabilities where applicable, in its financial statements. The
Company does not expect the outcome of these proceedings to
have a material adverse effect on its financial results at March
31, 2015. Refer note 3.1 for details on contingent liabilities. In
respect of litigations, where the management assessment of a
financial outflow is probable, the Company has made a provision
of Rs. 588,039 thousand at March 31, 2015 (at March 31, 2014:
512,534 thousand).
(t) Long term contracts
The Company has a process whereby periodically all long
term contracts are assessed for material foreseeable losses.
At the year end, the Company has reviewed and ensured that
adequate provision as required under any law/accounting
standards for material foreseeable losses on such long term
contracts including derivative contracts has been made in the
financial statements.
dispute, not provided for1
Reinsurance obligations to the extent
not provided for in accounts
Claims, under policies, not
acknowledged as debts2
failure
Total
1. Rs. 409,224 thousand (at March 31, 2014: Rs. 56,396
thousand) is attributable towards objections raised by Service
Tax Authorities, Pune, and accordingly demands raised, in
respect of certain service tax positions taken by the Company. Of
these Rs. 359,852 thousand pertains to a fresh objection raised
during the year. The balance Rs. 17,831 thousand pertains
to a matter pending in court with respect to Stamp Duty on
insurance policies issued to residents in the state of Jammu and
Kashmir.
2. Pertains to litigations pending with various consumer forums/
courts.
3.2 Actuarial method and assumptions
Liabilities for life insurance policies are determined by the
Appointed Actuary in accordance with the IRDAI Regulations
and relevant guidance notes issued by the Institute of Actuaries
of India.
Non-linked business is reserved using the prospective gross
premium method of valuation. The non-linked business is
predominantly participating and the reserves are established
having regard to the assumptions as to future experience,
including the interest rate that will be earned on premiums
not yet received, together with associated bonus rates. Regular
premium participating and non-participating business has been
reserved using an interest rate range from 6.5% per annum to
7.50% per annum, which is same as the last year assumption.
Further, margin for adverse deviation as per APS 7 issued by
Institute of Actuaries of India is considered.
Assumptions as to the future bonus rates are set to be consistent
with the interest rate assumptions. Provision has been made for
101
bonus distribution in respect of business in force at the valuation
date on a basis considered appropriate by the appointed actuary
having taken into account the reasonable expectations of
policyholders’.
been set to zero.
The asset shares of the Participating policyholders’ has increased
during the year due to change in asset share methodology as
approved by the with-profit committee. Consequently, the
provision for future bonuses component of mathematical
reserves have increased to be consistent with increased asset
shares.
Provisions for future claims in payment are made as part of
other contingency reserves.
The policies under Invest Plus and Invest Plus Premier products
in the non-linked non-par business has been reserved using an
interest rate of 7.25% and the Guaranteed Investment Return
(GIR) consistent with the interest rate assumption.
Linked business has been reserved using the unit price of the
respective unit funds prevailing at the valuation date plus a nonunit reserve to allow for the cost of insurance and any expenses
and commissions in excess of future charges.
Mortality assumptions are based on the published ‘Indian
Assured Lives Mortality (2006-2008) ultimate mortality table’
with adjustments to reflect expected experience and with an
allowance for adverse deviation.
Assumptions for morbidity and for the incidence of accidental
death are based on terms available from reinsurers and the
standard morbidity rate table ‘CIBT 93 (Critical Illness Base
Table for year 93)’.
The reserve is sufficient to allow for any adverse lapse
experience. Further it has been ensured that for each policy the
reserve is sufficient to pay the minimum guaranteed surrender
value.
Commission has been allowed for at the Company’s table rates
with an allowance for service tax. Maintenance expenses have
been allowed for in accordance with pricing assumptions,
which have been duly validated by the actual experience of the
Company during the last one year. An additional reserve has
been included to allow for the possible adverse deviations in
experience in excess of offsetting adjustments in bonus rates
and to allow for the contingency of closure to new business as
is required by guidance notes (APS1) issued by the Institute of
Actuaries of India.
The reserve for the Group Term Business has been calculated
having regard to the unearned gross premium and expenses
already incurred. The group non-linked non-par savings
business has been valued having regard to the accrued account
value of the members of the group schemes.
Additional reserves are held for substandard lives, free look
cancellations and guaranteed insurability options available.
The Appointed Actuary is satisfied that the nature and extent
of reinsurance arrangements require no additional reserve
to be set aside. All reserves have been calculated using gross
exposure and gross office premiums.
3.3 Investments
All investments are specifically procured for and held under
the Policyholders’ and Shareholders’ funds respectively and
accordingly the income relating to these investments is
recognized in the Revenue Account and Profit and Loss Account
respectively.
3.3.1 Assets to be deposited under local laws
There are no assets required to be deposited by the Company
under any local laws or otherwise encumbered in or outside
India at March 31, 2015 (March 31, 2014: Rs. Nil) except the
assets disclosed in the note 3.3.2 and 3.3.3 of schedule 16.
3.3.2 Encumbrance of assets
The assets of the Company are free from all encumbrances
except to the extent assets or monies are required to be
deposited as margin contributions for investment trade
obligations of the Company or as mandated by the court, as
detailed below:
a. Assets deposited with National Securities Clearing
Corporation Limited (NSCCL) and Indian Clearing
Corporation Limited (ICCL)
Fixed deposit of Rs. 350,000 thousand at March 31, 2015 (Nil at
March 31, 2014) has been deposited with NSCCL and Rs. 50,000
thousand at March 31, 2015 (Nil at March 31, 2014) has been
deposited with ICCL towards margin requirement for equity
trade settlement.
Nature of pledge: Physical custody of the fixed deposits are
with respective clearing houses, however, the income accrued
on these deposits shall be passed on to the Company on the
maturity of the deposits. These deposits can be invoked by
the clearing houses in case of settlement default of equity
transactions at the exchange.
As per the IRDAI (Treatment of Discontinued Linked
Insurance Policies) Regulations, 2010, a segregated fund
called “Discontinued Policy Fund” is maintained for the
discontinued policies of the products which are launched on
or after September 1, 2010. The fund value as at the date of
discontinuance after deducting the discontinuance charges as
applicable by said regulations is credited to the discontinued
fund. As an assured return is guaranteed on this fund, reserve
is held towards the shortfall in meeting the guarantee on the
reporting date, if any.
Provisions have been made for the incurred but not reported
death claims (IBNR) based on the Company’s past experience of
delay in reporting the event of deaths.
Where minimum surrender value is guaranteed, the minimum
reserve under those policies has been set as the guaranteed
surrender value. In all other cases the minimum reserve has
102
b. Assets encumbered with Clearing Corporation of India Limited (CCIL)
The following assets have been placed with CCIL towards margin requirement for settlement of trades in the Securities and CBLO segment:
(Rs.’000)
Particulars
As at March 31, 2015
Market Value
Amortized Cost
Market Value
Amortized Cost
CCIL securities segment
Government Securities
Cash
619,260
565,454
-
-
50,000
50,000
520,200
520,200
51,605
47,121
-
-
5,000
5,000
37,500
37,500
CCIL CBLO segment
Government Securities
Cash
Nature of pledge: Physical custody of the securities is maintained with the CCIL, however interest accrued on these securities is received by
the Company. These deposits, both securities and cash, can be invoked by CCIL in case of any default by the Company in settlement of trades
in Securities and CBLO segment.
3.3.3 Investments made under statutory requirements
As per the requirements of Section 7 of the Insurance Act, 1938, the Company has made the following investment and deposited the same
with the Reserve Bank of India.
(Rs.’000)
Particulars
Book value of 8.32% government of India Securities 2032 (Face Value Rs.150,000)
156,365
156,544
Market value
156,975
139,515
This investment is in the custody of Deutsche Bank India Branch in the Constituent Subsidiary General Ledger (‘CSGL’) account. The
investments are performing investments.
3.3.4 Restructured assets
There are no assets subject to restructuring (Previous year: Nil).
3.3.5 Non performing investments
All investments are performing investments.
3.3.6 Commitments
The commitments made and outstanding for investments is Rs. 131,750 thousand (Previous year: Rs. 1,035,181 thousand) (net of amount
already paid). It includes investment loan commitment made and outstanding for Rs. 125,000 thousand (Previous year: 1,005,181 thousand).
Capital commitments outstanding towards other assets at March 31, 2015 were Rs. 16,348 thousand (Previous year: 35,512 thousand).
3.3.7 Value of investment contracts where settlement or delivery is pending as at year end is as follows:
(Rs.’000)
Particulars
Linked business
March 31, 2015
Non Linked business
March 31, 2014
March 31, 2015
Shareholders’
March 31, 2014
March 31, 2015
March 31, 2014
Purchases where
deliveries are pending
740,322
2,855,583
3,784,797
1,922,767
NIL
48,846
Sales where receipts
are due
937,167
4,493,140
528,402
437,407
NIL
51,523
There are no contracts where investments have been sold but payments are overdue.
103
3.3.8 Investment property
During the year, the Company has reclassified one of its property held as fixed asset to investment property. The historical cost of the property
was Rs. 156,441 thousand.
In accordance with the IRDA Regulations, 2002 (Preparation of Financial Statements and Auditors’ Report of Insurance Companies), this
investment property has been revalued at March 31, 2015. The value of the property is based on valuation performed by an independent
valuer at March 31, 2015. The opinion on market value by the independent valuer, is prepared in accordance with the guidelines laid out in the
Appraisal and Valuation Manual published by the Royal Institution of Chartered Surveyors (“RICS”), U.K. The methodology used in valuation
of property is the average of the values derived from “Direct comparison approach” and “Discounted cash flow approach”. The real estate
investment property is accordingly valued at Rs. 206,400 thousand as at March 31, 2015 (March 31, 2014: Nil). The difference between the
revalued amount and the historical cost has been disclosed as Revaluation reserve in the Balance Sheet (under Reserves and Surplus).
3.3.9 Impairment of investment assets
In accordance with the impairment policy of the Company, diminution in the value of investments has been evaluated on the Balance Sheet
date. Accordingly, there is no impairment loss recognized for the year ended March 31, 2015 (year ended March 31, 2014: Nil).
3.3.10 Securities lending and borrowing scheme (SLB)
Equity shares transferred under SLB continue to be recognized on the Balance Sheet as the Company retains all the associated risks and
rewards of these securities.
The value of equity shares lent by the Company under SLB and outstanding as at March 31, 2015 is 37,528 thousand (March 31, 2014: Nil).
The equity shares were lent from the unit linked portfolio.
3.3.11 Reverse repo transactions in Government securities/Corporate debt securities
Disclosures pursuant to IRDA notification ref IRDA/F&I/CIR/INV/250/12/2012 dated December 4, 2012:
(Rs.’000)
Particulars
Minimum outstanding during
the year
FY2015
Maximum outstanding during
the year
FY2014
FY2015
FY2014
Daily average outstanding
during the year
Outstanding as at March 31
FY2015
FY2015
FY2014
FY2014
Securities sold under repo
i. Government
Securities
-
-
-
-
-
-
-
-
ii. Corporate debt
Securities
-
-
-
-
-
-
-
-
Securities purchased under reverse repo
i. Government
Securities
-
999,532
-
7,709,430
-
121,073
-
-
ii. Corporate debt
Securities
-
-
-
-
-
-
-
-
3.4 Claims settled and remaining unpaid
Claims settled and remaining unpaid for a period of more than six months as at March 31, 2015 is Rs. 736,439 thousand (at March 31, 2014:
Rs. 666,930 thousand). This includes claims payable on death, maturity or otherwise.
104
3.5 Unclaimed amount of policyholders
Disclosure of unclaimed amounts of Policyholders’ as required vide IRDAI Circular No. IRDA/F&I/CIR/CMP/174/11/2010 dated November 4,
2010 is as follows:
Statement showing age-wise analysis of the unclaimed amount of the Policyholders’ at March 31, 2015:
(Rs.’000)
Age-wise analysis
Claims settled but
not paid to the
policyholders/insureds
due to any reasons
except under litigation
from the insured/
policyholder #
(A)
Sum due to the insured
/ policyholders on
maturity or other-wise
Any excess collection
of the premium/tax or
any other charges which
is refundable to the
policyholders either as
terms of conditions of
the policy or as per law
or as may be directed
by the Authority but not
refunded so far
(B)
Cheques issued but
not encashed by the
Total amount
policyholder/insured *
(C)
(D)
(A+B+C+D)
0 - 01 month
346,680
152,515
-
99,974
599,169
01 - 06 months
133,367
211,601
-
491,287
836,255
07 - 12 months
28,320
107,983
-
316,071
452,374
13 - 18 months
12,882
229,442
-
230,939
473,263
19 - 24 months
9,186
54,543
-
502,711
566,440
25 - 30 months
11,620
98,480
-
357,236
467,336
31 - 36 months
3,639
39,468
-
327,801
370,908
22,321
118,555
-
335,073
475,949
568,015
1,012,587
-
2,661,092
4,241,694
> 36 months
Total
Statement showing age-wise analysis of the unclaimed amount of the Policyholders’ at March 31, 2014:
(Rs.’000)
Age-wise analysis
Claims settled but not
paid to the policyholders/
insureds due to any
reasons except under
litigation from the
insured/policyholder #
(A)
0 - 01 month
01 - 06 months
Sum due to the insured
/ policyholders on
maturity or otherwise
(B)
Any excess collection
of the premium/tax or
any other charges which
is refundable to the
policyholders either as
terms of conditions of
the policy or as per law
or as may be directed
by the Authority but not
refunded so far
(C)
Cheques issued but
not encashed by the
Total amount
policyholder/insured *
(D)
(A+B+C+D)
745,169
796,842
-
199,535
1,741,546
74,982
612,876
-
292,493
980,351
932,429
07 - 12 months
17,898
136,631
-
777,900
13 - 18 months
21,148
215,438
-
285,711
522,297
19 - 24 months
10,055
63,750
-
603,541
677,346
25 - 30 months
6,144
103,645
-
97,773
207,562
31 - 36 months
5,239
21,947
-
62,042
89,228
19,081
45,954
-
225,157
290,192
899,716
1,997,083
-
2,544,152
5,440,951
> 36 months
Total
* represents cheques issued but not encashed that have exceeded their validity period. Cheques issued to the policyholders’ but not encashed
which do not exceed their validity period amounting to Rs. 2,963,888 thousand (Previous year: Rs, 1,757,311 thousand) form part of the bank
reconciliation statement and consequently have not been considered in unclaimed amount of policyholders’.
# includes all open title cases (Individual & Group)
105
3.6 Managerial remuneration
The remuneration paid to the Managing Director included in Employees’ remuneration, welfare benefits and other manpower costs is as
follows:
(Rs.’000)
Particulars
FY2015
FY2014
Basic salary
7,746
6,286
Allowances and perquisites
5,965
7,487
Bonus
2,176
13,352
Retirement benefits
Total
2,091
1,697
17,978
28,822
The managerial remuneration is in accordance with the approval accorded by IRDAI, Section 34A of the Insurance Act, 1938 and the approval
from the Board of Directors. Managerial remuneration in excess of the limits prescribed by IRDAI has been charged to the Shareholders’
Account.
Future benefits such as gratuity, leave encashment and long term incentive plan are determined actuarially on an overall basis at Company
level and accordingly have not been considered in above information.
3.7 Employee benefits as per Accounting Standard 15 (Revised):
i.
Defined contribution plans
The Company has recognized following amounts in the Revenue and the Profit and Loss account for the year in respect of contribution
towards defined contribution plans:
(Rs.’000)
Particulars
FY2014
FY2015
Contribution to Employees Provident Fund
145,062
160,140
Contribution to Superannuation Fund
2,648
1,583
Contribution to Labour Welfare Fund and Employee Deposit Linked Insurance (EDLI)
4,035
3,066
17,044
22,455
Contribution to Employees State Insurance Corporation (ESIC)
ii.
Defined benefit plan - Gratuity
The Gratuity plan of the Company provides for a lump-sum payment to vested employees at retirement/termination or on resignation from
employment. Vesting of benefits happens only on completion of five years of continuous service with the Company. However, in case of
death of an employee during the course of an active employment, the gratuity is paid even if the employee has not completed five years of
continuous service. The payment is based on employee’s last drawn salary and number of years as prescribed above. The actuarial valuation
of gratuity liability of the Company is determined at each Balance Sheet date using projected unit cost method.
a)
Reconciliation of opening and closing balances of the present value of the Defined Benefit Obligation (DBO ):
(Rs.’000)
Particulars
Present value of Defined Benefit Obligation at the beginning of the year
216,535
225,340
Interest cost
21,795
21,014
Current service cost
39,196
49,464
Actuarial losses/(gains)
24,409
(38,998)
Past service cost
106
FY2014
FY2015
-
-
Benefits paid
(48,467)
(40,285)
Present value of Defined Benefit Obligation at the close of the year
253,467
216,535
b)
A reconciliation of the opening and closing balances of the fair value of plan assets:
(Rs.’000)
Particulars
FY2014
FY2015
203,296
234,568
Add: Expected return on Plan Assets
1 6,309
18,306
Add/(Less): Actuarial gains/(losses)
13,980
(10,676)
Fair value of Plan Assets at the beginning of the year
Add: Contributions
1,681
Less: Benefits paid
(48,467)
Fair value of Plan Assets at the close of the year
186,799
Actual return on Plan Assets
c)
1,383
(40,285)
(Rs.’000)
203,296
7,630
30,288
Net (assets)/liabilities recognized in the Balance Sheet as on March 31, 2015:
(Rs.’000)
Particulars
FY2014
FY2015
Present value of Defined Benefit Obligation
253,468
216,535
Less: Fair value of Plan Assets Present value of unfunded obligation
186,799
203,296
66,669
13,239
Net (asset)/liabilityrecognized in the Balance Sheet
d)
Total expenses recognized in the Revenue Account:
(Rs.’000)
Particulars
FY2014
FY2015
Current service cost
39,196
49,464
Interest cost
21,795
21,014
(16,309)
(18,306)
10,429
(28,322)
Past service costs
-
-
Effect of curtailment/settlement
-
-
Adjustments for earlier years
-
-
55,111
23,850
Expected return on Plan Assets
Actuarial losses/(gains)
Recognized in the Revenue account
These expenses have been included under the line item “Employees’ remuneration, welfare benefits and other manpower costs”
in Schedule 3/3A forming part of the Financial Statements.
e)
Major categories of plan assets as a percentage of total plan assets as at:
Particulars
March 31, 2014
March 31, 2015
Insurer managed funds
100.0%
100.0%
67.1%
47.1%
Debenture and bonds
20.0%
30.1%
Fixed deposits
3.1%
2.3%
Money market instruments
0.7%
12.4%
Others
9.1%
8.1%
f)
Actuarial assumptions:
Particulars
March 31, 2015
March 31, 2014
Discount rate
7.90%
8.90%
Expected rate of return on Plan Assets*
7.50%
7.50%
Salary escalation rate**
6.00%
6.00%
107
g)
Experience adjustments on gratuity provisioning:
(Rs.’000)
Year ended
Particulars
March 31, 2015
March 31, 2014
March 31, 2013
March 31, 2012
March 31, 2011
Defined benefit obligation
253,467
216,535
225,340
185,060
174,649
Plan assets
186,799
203,296
234,568
208,781
181,843
Surplus/(deficit)
(66,668)
(13,239)
9,228
23,721
7,194
(86)
(16,671)
342
20,596
44,807
13,979
(10,676)
2,392
(1,420)
1,190
Experience adjustments
- on plan liabilities
- on plan assets
iii.
Other long term benefits
Compensated absence
Liability for compensated absence for employees is determined based on actuarial valuation which has been carried out using the projected
accrued benefit method which is same as the projected unit credit method in respect of past service. The assumptions used for valuation are:
Particulars
Discount rate
Salary escalation rate**
March 31, 2015
March 31, 2014
7.90%
8.90%
6.00%
6.00%
* expected rate of return on plan assets is on the basis of average long term rate of return expected on investments of the fund during the
estimated term of obligation.
** future salary increases considered in actuarial valuation take into account inflation, seniority, promotion and other relevant factors, such as
supply and demand in the employment market.
Long term incentive plans
Liability for the scheme is determined based on actuarial valuation which has been carried out using the projected accrued benefit method
which is same as the projected unit credit method in respect of past service. The assumptions used for valuation are:
Particulars
Discount rate per annum
March 31, 2015
7.90%
March 31, 2014
8.90%
3.8 Operating lease payments
The Company has entered into agreements in the nature of lease/leave and license with different lessors/licensors for the purpose of
establishment of office premises. These are generally in the nature of operating leases/leave and licenses and are of cancellable in nature.
Lease payments on cancellable leases are charged to the Revenue account over the lease term on a straight line basis. The total operating lease
rentals charged in the current year is Rs. 363,805 thousand (Previous year: Rs. 384,273 thousand). There are no transactions in the nature of
sub leases. The period of agreement is generally for three years and renewable thereafter at the option of the lessee.
The Company has not entered into any non-cancellable leases.
108
3.9 Assets given on operating lease
The Company has entered into agreements in the nature of lease/leave and license with different lessees for leasing out its investment
property consisting of the Company’s surplus office space. This lease is a cancellable operating lease. The total lease payments received in
respect of such lease recognized in the Profit and Loss account for the year ended March 31, 2015 is Rs. 3,675 thousand (for the year ended
March 31, 2014: Nil).
3.10 Risk retained and reinsured
The extent of risk retained and reinsured is as follows:
(Rs.’000)
At March 31, 2015
(Rs.’000)
At March 31, 2014
Particulars
Sum at risk
Risk retained
Risk reinsured
Percentage
Sum at risk
Percentage
2,792,589,125
85%
2,263,327,900
83%
497,333,993
15%
456,729,790
17%
3.11. Foreign exchange gain/loss
The net foreign exchange gain credited to Revenue account for the year ended March 31, 2015 is Rs. 616 thousand (year ended March 31,
2014: Nil).
3.12 Earnings per share
In accordance with Accounting Standard (AS 20) on Earnings Per Share (EPS), the following table reconciles the numerator and denominator
used to calculate basic/diluted earnings per share.
(Rs.’000)
Particulars
Net profit/(loss) after tax
FY2014
FY2015
8,762,118
10,245,912
Basic earnings before extra-ordinary items [A]
8,762,118
10,245,912
Basic earnings after extra-ordinary items [B]
8,762,118
10,245,912
150,709,000
150,709,000
Basic earnings per equity share [A]/[C]
58.14
67.98
Basic earnings per equity share excluding extra-ordinary items [B]/[C]
58.14
67.98
Nominal value of equity shares
10.00
10.00
Weighted average number of equity shares [C]
There are no dilutive equity shares or potential equity shares issued by the Company.
3.13 The Micro, Small and Medium Enterprises Development (MSMED) Act, 2006
There are no payments made to or dues outstanding to Micro, Small and Medium Enterprises beyond the timelines prescribed by the Act
(March 31, 2014: Nil). The amounts due to parties covered under MSMED Act, 2006 at March 31, 2015 is Rs. 9,373 thousand (March 31, 2014:
2,178 thousand).
3.14 Discontinued policy fund
Pursuant to IRDA’s circular number IRDA/F&A/CIR/MISC/232/12/2013 dated December 11, 2013, the following details are disclosed with
respect to the policies discontinued either on customer request or for non-payment of premium amount within grace period:
109
a.
Movement in funds for discontinued policies:
(Rs.’000)
Particulars
March 31, 2015
March 31, 2014
Opening balance of funds for discontinued policies
1,454,973
489,840
Add: Amount transferred to fund on discontinuance of policies during the year
1,408,423
952,244
Less: Amount transferred out of fund on revival of policies during the year
192,525
43,212
Add: Net income/gains on investments of the fund
190,784
62,458
12,547
3,966
4,922
2,391
2,844,186
1,454,973
Less: Fund management charges levied
Less: Amount refunded to policyholders’ during the year
Closing balance of funds for discontinued policies#
# includes unit linked discontinued fund of Rs.1,932 thousand (Previous year: Nil) forming part of Assets held to cover Linked Liabilities.
b.
Number of policies discontinued during the year ended March 31, 2015*: 15,111 (Previous year: 13,272).
c.
Percentage of discontinued to total policies (product wise) during the year ended March 31, 2015*:
Product name
March 31, 2015
Bajaj Allianz Max Advantage Insurance Plan
March 31, 2014
8.91%
13.09%
11.42%
14.58%
Bajaj Allianz iGain III Insurance Plan
4.29%
7.67%
Bajaj Allianz Smart Insurance Plan III
20.07%
13.76%
Bajaj Allianz Money Secure Insurance Plan
15.69%
14.42%
Bajaj Allianz Life Assure Plan
37.87%
-
0.35%
-
Bajaj Allianz Assured Protection Insurance Plan
Bajaj Allianz Future Gain
d.
Number and percentage of the policies revived during the year ended March 31, 2015*:
(Rs.’000)
Particulars
Number of policies revived
Number of policies discontinued
Percentage of policies revived
110
March 31, 2015
March 31, 2014
1,263
729
52,506
29,845
2.41%
2.44%
e.
Charges imposed/readjusted on account of discontinued policies/revival of discontinued policies during the year ended March
31, 2015*:
(Rs.’000)
Particulars
March 31, 2015
March 31, 2014
Charges imposed on account of discontinued policies
22,997
19,239
Charges readjusted on account of revival of discontinued policies
(1,403)
(871)
Total
21,594
18,368
* excluding policies discontinued and revived during the same reporting year.
3.15 Disclosures on other work given to auditors
Pursuant to clause 7.1 (g) of Corporate Governance Guidelines issued by the IRDAI on August 5, 2009 the services of the statutory auditor are
disclosed below:
(Rs.’000)
Amount paid (Rs. ’000)
Name of Audit firm
Service rendered
FY2015
FY2014
Kirtane & Pandit LLP
Tax audit and certification fees
585
400
S. R. Batliboi & Co. LLP
Certification fees
100
75
3.16 Additional disclosures on expenses
The additional disclosures on expenses pursuant to the IRDA Circular 067/IRDA/F&A/CIR/MAR-08 dated March 28, 2008 have been detailed
herein below:
(Rs.’000)
Particulars
FY2015
FY2014
Marketing expenses and Business development expenses
1,128,720
3,120,227
Outsourcing expenses
2,323,403
1,711,639
3.17 Sector-wise percentage of business
Particulars
FY2014
FY2015
Total business during the year
- Number of policies issued
- Number of total group lives insured
295,356
454,720
37,321,923
23,253,201
80,326
135,750
27.2%
29.9%
241,219
264,514
Rural obligation during the year
- Number of policies
- Percentage of total policies
Social obligation during the year
- Gross premium underwritten for new lives (Rs. '000)
111
Particulars
FY2014
FY2015
- Number of policies issued
- Number of new lives covered
206
57
2,869,403
4,216,098
3.18. Details of related parties and transactions with related parties
The details of related parties and transactions with related parties is attached herewith - refer Annexure 1.
3.19. Segmental reporting
The details of segmental reporting is attached herewith - refer Annexure 2(a).
3.20. Segmental Balance Sheet
The details of segmental Balance Sheet is attached herewith - refer Annexure 2(b).
3.21. Fund Balance Sheet at March 31, 2015
Fund Balance Sheet for each segregated linked fund is attached herewith - refer Annexure 3
3.22. Fund Revenue Account for the year ended March 31, 2015
Fund Revenue Account for each segregated linked fund is attached herewith - refer Annexure 3
3.23. Additional ULIP Disclosures
Additional disclosure in respect of Unit linked portfolio as prescribed by IRDA vide circulars 054/IRDA/F&A/FEB-07 dated February 20, 2007
and IRDA/F&A/001/APR-07 dated April 16, 2007 - Refer Annexure 4.
3.24. Disclosure on fines and penalties
(Rs.’000)
NonSr. No.
Authority
Penalty awarded
FY2015
violation
1
Insurance Regulatory and
Development Authority of India
Penalty paid
Penalty waived/reduced
compliance/
FY2014
FY2015
FY2014
FY2015
FY2014
Refer note 1
-
31,000
-
31,000
-
-
2
Service Tax Authorities
Refer note 2
23
-
13
-
-
-
3
Income Tax Authorities
-
-
-
-
-
-
-
4
Any other Tax Authorities
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Enforcement Directorate/
5
Adjudicating Authority/ Tribunal
or any Authority under FEMA
Registrar of Companies/ National
Company Law Tribunal/Company
Law Board/ Department of
6
Corporate Affairs or any Authority
under Companies Act, 1956 or
any Authority under Companies
Act, 2013
112
(Rs.’000)
NonSr. No.
Authority
Penalty awarded
Penalty paid
Penalty waived/reduced
compliance/
FY2015
violation
FY2014
FY2015
FY2014
FY2015
FY2014
Penalty awarded by any Court/
Tribunal for any matter including
7
claim settlement but excluding
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
compensation
9
Competition Commission of India
Any other Central/State/Local
10
Government / Statutory Authority
Notes:
1.
Penalty towards non-compliance of certain provisions of Insurance Act 1938 and Regulations/Guidelines issued by IRDAI.
2.
Penalty towards non-compliance of certain provisions of Service Tax Act 1994 and CENVAT Credit Rules 2004.
3.25. Statement containing names, descriptions, occupations of and directorships held by the persons in charge of management of
the business under section 11 (3) of Insurance Act, 1938 (amended by the Insurance Laws (Amendment) Act, 2015)
Name of person in-charge
Anuj Agarwal
Designation of person in-charge
Managing Director and Chief Executive Officer
Occupation of person in-charge
Service
Directorships held by person in-charge
Nil
3.26. Contribution from Shareholder’ Account to Policyholders’ Account
The Shareholders’ of the Company, in their Extra Ordinary General Meeting held on May 7, 2010 have authorized the Board of Directors of
the Company to decide on the transfer of amounts from the Shareholders’ Account to the Policyholders’ Account to make good the deficit, if
any, in the Policyholders’ Funds in respect of any financial year, which shall be subject to the approval of the Shareholders of the Company at
the ensuing Annual General Meeting of the respective years. Such contributions made by the Shareholders’ to the Policyholders’ account are
irreversible in nature.
3.27 Summary of financial statements
Summary of financial statements is attached herewith - refer annexure 5.
3.28 Accounting ratios
Accounting ratios is attached herewith - refer annexure 6.
3.29 Statement showing the Controlled fund
Statement showing the Controlled fund is attached herewith - refer annexure 7.
113
3.30. Previous year comparatives
Previous year figures have been re-grouped and reclassified wherever necessary to conform to current period’s presentations. Refer annexure 8
attached herewith detailing the re-groupings.
As per our report of even date attached.
No. 301003E
per Shrawan Jalan
Partner
No. 105215W/W100057
Suhas Deshpande
Partner
Sanjiv Bajaj
Chairman
S H Khan
Director
Ranjit Gupta
Director
Anuj Agarwal
Managing Director &
Chief Executive Officer
Appointed Actuary
Sameer Bakshi
Company Secretary
Date : May 15, 2015
Place: Pune
114
Date : May 15, 2015
Place: Pune
Annexure 1 Refer schedule 16 Note 3.18
Related parties and nature of relationship where transactions made during the year:
Nature of relationship
Name of the related party
Holding Company
Co-promoter
Allianz SE
Allianz General Insurance Malaysia Berhad
Allianz Insurance Management Asia Pacific Pte. Limited
Allianz Investment Management Singapore Pte Limited
Allianz Managed Operations and Services SE
Allianz SE Reinsurance Branch Asia Pacific
Asuransi Allianz Utama Indonesia
Significant influence
Bajaj Allianz Financial Distributors Limited
Bajaj Allianz General Insurance Company Limited
Bajaj Auto Limited
Bajaj Electricals Limited
Bajaj Finance Limited (Earlier known as Bajaj Auto Finance Ltd.)
Bajaj Financial Solutions Limited
Hind Musafir Agency Limited
IDS GmbH
Anuj Agarwal, Managing Director and Chief Executive Officer^
Rajesh Viswanathan, Chief Financial Officer *
Key managerial personnel
Ramandeep Singh Sahni, Chief Financial Officer #
Sameer Bakshi, Chief Risk Officer and Company Secretary
V. Philip, Managing Director and Chief Executive Officer $
Manu Tandon, Independent Director
Independent director
S H Khan, Independent Director
Sanjay Asher, Independent Director
Suraj Mehta, Independent Director
^ appointed as Managing Director and Chief Executive Officer with effect from September 1, 2013
* held office till July 31, 2014
# appointed as Chief Financial Officer with effect from July 29, 2014
$ held office till August 31, 2013
115
Annexure 1 Refer schedule 16 Note 3.18
The details of transactions with related parties is as follows:
Sr.
No.
Name of the related
party
Relationship
1
Bajaj Finserv Ltd.
Holding Company
Description
( Rs.’000)
Transactions during the year in
amount -payments/(receipts)
FY 2015
Outstanding balance receivable/
(payable)
FY 2014
FY 2015
FY 2014
Reimbursement of expenses paid
- Advertisement and publicity
1,811
400
(1,473)
-
(107)
-
107
-
(6,245)
(2,248)
(21)
(82)
103
-
-
-
(2,353,756)
(1,979,859)
51,582
(66,670)
(693)
-
-
-
-
8,875
-
-
-
130,792
-
-
632,899
1,000,000
-
-
(136,581)
(40,977)
-
-
18,841
50,187
(146)
(10,005)
2,634
38,055
-
-
-
-
1,830,432
1,593,539
(38,265)
(39,766)
(334)
(216)
5,960
11,616
14
11
149
-
-
-
(1,846)
(3,071)
1,080
2,265
(1,940)
(1,479)
708
428
(47,433)
(85,901)
4,785
65,073
(67)
(370)
63
366
(4,845)
(5,000)
376
1,968
(1,169)
(790)
448
254
(4,803)
(5,882)
1,415
2,670
(887)
(145)
22
45
(49)
(95)
-
4
Reimbursement of expenses
received
- Travel, conveyance and vehicle
running expenses
2
Bajaj Auto Ltd.
Insurance premium
Benefits paid
3
Bajaj Finance Ltd.
Insurance premium
Transfer of fixed asset
Marketing expenses and Business
development expenses
Purchase of investments
Interest received on investments
held
Insurance commission paid
Benefits paid
Investments outstanding
4
Bajaj Allianz General
Insurance Premium
Insurance Co. Ltd.
Employees' remuneration,
welfare benefits and other
manpower costs
Insurance, water and electricity
charges
received
running expenses
- Information technology
expenses
- Communication expenses
- Insurance, water and electricity
charges
- Miscellaneous expenses (Guest
house expenses)
- Repairs
- Training expenses
- Employees' remuneration,
manpower costs
( Rs.’000)
Sr.
No.
Name of the related
party
Relationship
Description
FY 2015
- Rents, rates and taxes
(payable)
FY 2014
FY 2015
FY 2014
(1,494)
(1,223)
168
450
- Security and housekeeping
(362)
(52)
120
7
- Purchase of office equipment
(940)
-
-
-
- Purchase of air conditioner
-
(456)
-
-
- Printing and stationery
-
(180)
108
2
-
(1,456)
-
73
-
(325)
-
-
23,740
24,810
-
-
3,415
1,493
-
-
411
698
-
-
9,014
2,188
-
-
76
3
-
-
7,613
2,371
-
-
195
38
-
-
701
334
-
-
-
- Marketing expenses and
Business development expenses
- Legal and professional charges
- Insurance, water and electricity
charges
- Rents, rates and taxes
running expenses
- Information technology
expenses
house expenses)
- Repairs
manpower costs
- Communication expenses
10
710
-
117
45
-
-
- Printing and stationery
-
86
-
-
-
281
-
-
- Security and housekeeping
-
32
-
-
Sale of investments
-
(26,251)
-
-
(5,250)
-
(5,250)
-
(3,675)
-
-
-
(131)
(85)
-
-
-
750
-
-
(2,804)
(2,441)
-
-
Insurance premium
(1,322)
(1,994)
(38)
(54)
1,423,796
1,016,307
(565)
(2,982)
22,766
1,270
(1,193)
(578)
308
-
-
-
(1,743)
(1,210)
(5)
-
30
264
-
-
-
191
-
-
- Training expenses
Other liabilities (security deposit
against leased property)
Claims received (loss of assets)
Benefits paid
5
Bajaj Allianz Financial
Distributors Ltd.
manpower costs
Benefits paid
6
Bajaj Electricals Ltd.
Insurance premium
7
Bajaj Financial
Benefits paid
Solutions Ltd.
117
(Rs.’000)
Sr.
No.
Name of the related
party
Relationship
8
Allianz SE
Co-promoter
Description
FY 2015
(payable)
FY 2014
FY 2015
FY 2014
received
(206)
(107)
-
-
(25)
(84)
23
23
593
-
-
-
-
290
-
-
30,065
35,118
(26,737)
(27,292)
(254)
-
-
-
Reinsurance premium
211,397
236,936
(49,517)
(119,010)
Reinsurance commission
(8,321)
(22,716)
125
11,291
Reinsurance profit commission
(9,052)
(7,091)
-
-
(105,295)
(155,668)
46,037
76,438
3,201
827
-
-
66,508
46,863
(1,735)
21,491
running expenses
9
Allianz Insurance
Management Asia
received
Pacific Pte. Ltd.
running expenses
running expenses
- Training expenses
10
Allianz Managed
Information technology expenses
Operations & Services
SE
received
running expenses
11
Allianz SE
Reinsurance Branch
Asia Pacific.
Reinsurance claims
12
Hind Musafir Agency
Ltd.
Travel, conveyance and vehicle
running expenses - Fees
Travel, conveyance and
vehicle running expenses Reimbursement for tickets and
other bookings
13
Allianz General
Insurance Malaysia
Berhad
- Training expenses
14
IDS GmbH
15
Allianz Investment
Management
56
-
-
-
-
37
-
(37)
3,107
3,657
(704)
(3,955)
31,800
31,850
(7,155)
(7,166)
-
767
-
-
-
21
-
-
-
20,235
-
-
Singapore Pte.Ltd.
16
Asuransi Allianz
Utama Indonesia
manpower costs
house expenses)
17
V.Philip
Key management
person
manpower costs
(Rs.’000)
Sr.
No.
Name of the related
party
Relationship
18
Anuj Agarwal
Key management
person
Description
FY 2015
(payable)
FY 2014
FY 2015
FY 2014
17,978
8,587
-
-
manpower costs
Insurance premium
19
Rajesh Viswanathan
(98)
(10)
-
-
Benefit paid
-
55
-
-
Unallocated premium
-
-
(44)
-
8,133
8,447
-
-
(60)
(60)
-
-
6,943
-
-
-
3,626
6,106
-
-
Insurance premium
(66)
(66)
-
-
Key management
person
manpower costs
Insurance premium
20
Ramandeep Sahni
Key management
person
manpower costs
21
Sameer Bakshi
Key management
person
manpower costs
22
Sanjay Asher
Independent director^
Director sitting fees
350
120
-
-
23
Manu Tandon
290
80
-
-
Insurance premium
(15)
(15)
-
-
24
Suraj Mehta
220
60
-
-
25
S H Khan
690
160
(45)
-
^ exclude deposits received under section 160 of the Companies Act, 2013 from directors’ towards candidature as a director, which were refunded subsequently, within the reporting period, on confirmation of their re-appointment.
119
20,172,855
(3,504)
103
29,753
94,904
Individual
Pension
1,895,101
12,767
(920,920)
3,442,347
Individual
Assurance
14,643
265
2,925
125,917
Individual
Health
483,085
1,078
(22,810)
603,672
Individual
Annuity
18,932,900
95,172
448,724
31,088,766
Individual
Assurance
(4,097)
104
18,624
99,981
Individual
Pension
Participating
389,625
7,063
531,266
2,842,968
Individual
Assurance
(26,783)
355
67,748
186,363
Individual
Health
273,239
533
(65,260)
310,274
Individual
Annuity
Non - Participating
*comprises of change in valuation of policy liabilities, provision for diminuation in the value of investments (net) and provision for doubtful debts
Significant non cash expenses*
Depreciation/Amortisation
(Net of contribution from the Shareholders' Account)
Segment results - Surplus/(Deficit) (pre tax)
Segment revenue (excluding contribution from the
Shareholders' Account and transfers from Policyholders
Account)
Particulars
10,454,925
18,258
298,735
18,121,486
(30,642,599)
84,618
6,426,933
47,564,191
Linked
(3,393,643)
5,256
167,152
2,842,402
Group
3,929,921
6,889
(72,294)
7,168,288
Group
2,316,222
4,635
(4,126)
4,145,431
(2,246,889)
5,375
28,504
3,812,571
Individual
Pension
Linked
Individual
Pension
2,687,112
95,557
3,671,156
69,006,562
Individual
Assurance
Individual
Assurance
2,309,763
2,373
(143,372)
2,525,895
Group
Variable
Group
Assurance
4,703,242
15,951
1,794,424
17,296,576
Group
Assurance
Non - Participating
*comprises of change in valuation of policy liabilities, provision for diminuation in the value of investments (net) and provision for doubtful debts
Significant non cash expenses*
Depreciation/Amortisation
74,096
(381,033)
Segment results - Surplus/(Deficit) (pre tax)
(Net of contribution from the Shareholders' Account)
30,495,709
Individual
Assurance
Participating
Segment revenue (excluding contribution from
the Shareholders' Account and transfers from
Policyholders Account)
Particulars
Segment wise information of various items as required under AS 17 “Segmental Reporting” are given below:
Annexure 2(a) Refer schedule 16 Note 3.19
-
-
5,300,306
5,401,950
Shareholder's
-
-
6,350,408
6,519,689
Shareholder's
(1,700,211)
215,994
13,190,102
112,603,812
Total
(Rs.’ 000)
33,945,329
214,454
10,336,741
141,092,130
Total
(Rs.’ 000)
-
Borrowings
-
-
Insurance reserves
Loans
of Schedule 16)
Assets held to cover discontinued funds (Refer note 3.14
Assets held to cover linked liabilities
850,270
-
-
-
88,149,674
Policyholders'
89,975,682
1,141,279
Shareholders'
Investments
Total (A)+(B)
Funds for future appropriations (Refer note 2(i) of
Schedule 16)
88,834,403
-
Sub Total (B)
-
(a) Discontinued on account of non-payment of
premium
Provision for discontinuance fund (Refer note 3.14 of
Schedule 16)
-
87,546,313
Non Unit Mathemetical reserve
Policy liabilities (Refer note 2(h) and 3.2 of Schedule 16)
1,288,090
-
Sub Total (A)
-
Individual
Assurance
Share capital
Shareholders’ funds
Sources of funds
Particulars
-
-
-
-
-
-
-
-
616,744
-
643,052
102,819
540,233
-
-
-
-
-
-
540,233
Individual
Pension
Participating
Segmental Balance Sheet as at March 31, 2015
Annexure 2(b) Refer schedule 16 Note 3.20
-
-
-
-
97,913
-
-
9,962,199
-
10,388,822
-
10,388,822
-
-
-
-
-
-
10,283,928
104,894
Individual
Assurance
-
-
-
-
-
-
-
-
174,097
-
178,318
-
178,318
-
-
-
-
-
-
178,318
Individual
Health
-
-
-
1,460,389
-
1,520,430
-
,520,430
-
-
-
-
-
-
1,520,430
-
-
-
-
-
Individual
Annuity
9,256
-
-
39,562,919
-
40,559,117
-
40,559,117
-
-
-
-
-
-
40,011,863
547,254
-
-
-
-
Group
Assurance
Non - Participating
-
-
-
-
-
-
-
-
1,469,614
-
3,005,842
-
3,005,842
-
-
-
-
-
-
3,005,842
Group
Variable
-
-
-
-
-
2,842,255
191,546,245
2,939,110
-
197,449,102
-
197,449,102
-
-
-
2,844,118
37,934,127
153,610,187
2,924,778
135,892
Individual
Assurance
-
-
-
-
-
-
-
8,987,048
8,300
-
8,995,405
-
8,995,405
-
-
-
68
2,080,339
6,906,709
8,289
Individual
Pension
Linked
-
-
-
-
-
-
-
15,917,123
35,788
-
15,952,507
-
15,952,507
-
-
-
-
1,111,531
14,805,592
35,384
Group
-
-
-
-
71,866,187
67,490,007
-
-
-
-
-
-
-
-
-
-
-
67,490,007
65,982,917
1,507,090
Shareholder's
957,439
2,842,255
216,450,416
144,378,834
71,866,187
436,158,284
1,244,098
367,424,179
-
-
-
2,844,186
41,125,997
175,322,488
146,055,378
2,076,130
-
67,490,007
65,982,917
1,507,090
Total
(Rs.’ 000)
121
4,428,669
Current liabilities
-
Sub-Total (G)
643,052
-
-
-
26,308
32,289
222
32,067
58,597
58,597
-
616,744
-
-
10,388,822
-
-
-
328,710
421,483
77,140
344,343
750,193
720,890
29,303
10,060,112
Individual
Assurance
178,318
-
-
-
4,221
29,260
13,718
15,542
33,481
33,481
-
174,097
-
1,520,430
-
-
-
60,041
22,174
2,168
20,006
82,215
82,215
-
1,460,389
-
Individual
Annuity
40,559,117
-
-
-
986,942
1,505,124
194,028
1,311,096
2,492,066
2,492,066
-
39,572,175
-
Group
Assurance
Non - Participating
Individual
Health
* Depreciation has been allocated based on the assumption that the use of assets is proportional to the basis referred to in note 2(o) of Schedule 16.
Policy Liabilities and Funds for Future Appropriations are covered by Investments and Interest accrued on Investments.
89,975,682
-
Debit balance in profit & loss account (Shareholders'
account)
Total (C)+(F)+(G)
-
975,738
4,634,375
Miscellaneous expenditure (To the extent not written off
or adjusted )
Net current assets (F)=(D)-(E)
Sub Total (E)
205,706
5,610,113
Sub Total (D)
Provisions
5,536,713
73,400
88,999,944
-
Individual
Pension
Participating
Individual
Assurance
Current assets
Sub Total (C)
Fixed assets - net block (Refer note 3(l) of Schedule 16)*
Particulars
-
3,005,842
-
-
-
1,536,228
8,586
4,822
3,764
1,544,814
63,946
1,480,868
1,469,614
Group
Variable
-
197,449,102
-
-
-
121,492
1,111,246
2,111,430
(1,000,184)
1,232,738
478,721
754,017
197,327,610
Individual
Assurance
Linked
-
8,995,405
-
-
-
57
71,253
10,795
60,458
71,310
19,928
51,382
8,995,348
Individual
Pension
-
15,952,507
-
-
-
(404)
393,095
23,827
369,268
392,691
22,395
370,296
15,952,911
Group
67,490,007
-
-
-
(6,648,158)
11,011,878
1,351,608
9,660,270
4,363,720
2,599,626
1,764,094
74,138,165
2,271,978
Shareholder's
436,158,284
-
-
-
(2,608,825)
19,240,763
3,995,464
15,245,299
16,631,938
12,108,578
4,523,360
438,767,109
2,271,978
Total
( Rs.’ 000)
-
Sub Total (A)
Borrowings
-
-
Insurance reserves
462,177
-
Assets held to cover discontinued funds (Refer note
3.14 of Schedule 16)
Loans
-
Assets held to cover linked liabilities
-
67,503,916
Policyholders'
69,630,900
1,764,968
Shareholders'
Investments
Total (A)+(B)
Schedule 16)
Funds for future appropriations (Refer note 2(i) of
67,865,932
-
Sub Total (B)
-
(a) Discontinued on account of non-payment of
premium
Provision for discontinuance fund (Refer note 3.14 of
Schedule 16)
-
67,378,074
Non Unit Mathemetical reserve
Policy liabilities (Refer note 2(h) and 3.2 of Schedule
16)
487,858
-
-
Individual
Assurance
Share capital
Sources of funds
Particulars
-
-
-
-
-
-
-
-
598,409
-
618,312
74,569
543,743
-
-
-
-
-
-
543,743
Individual
Pension
Participating
Segmental Balance Sheet as at March 31, 2014
Annexure 2(b) Refer schedule 16 Note 3.20
-
-
-
-
59,788
-
-
8,191,447
-
8,414,640
-
8,414,640
-
-
-
-
-
-
8,389,565
25,075
Individual
Assurance
-
-
-
163,629
-
163,690
-
163,690
-
-
-
-
-
-
163,690
-
-
-
-
-
Individual
Health
-
-
-
983,532
-
1,037,406
-
1,037,406
-
-
-
-
-
-
1,037,406
-
-
-
-
-
Individual
Annuity
Non - Participating
-
-
-
-
4,917
-
-
34,382,788
-
36,153,834
-
36,153,834
-
-
-
-
-
-
36,005,758
148,076
Group
Assurance
-
-
-
-
-
1,454,973
189,628,837
3,518,293
-
194,647,732
-
194,647,732
-
-
-
1,454,973
25,548,068
164,080,769
3,547,808
16,114
Individual
Assurance
-
-
-
-
-
-
-
11,236,112
8,139
-
11,242,606
-
11,242,606
-
-
-
-
1,682,919
9,553,193
6,494
Individual
Pension
Linked
-
-
-
-
-
-
-
12,011,059
12,026
-
12,022,983
-
12,022,983
-
-
-
-
631,791
11,379,268
11,924
Group
-
-
-
-
58,104,832
58,708,347
-
-
-
-
-
-
-
-
-
-
-
58,708,347
57,201,257
1,507,090
Shareholder's
526,882
1,454,973
212,876,008
115,362,179
58,104,832
392,640,450
1,839,537
332,092,566
-
-
-
1,454,973
27,862,778
185,013,230
117,084,462
677,123
-
58,708,347
57,201,257
1,507,090
Total
( Rs.’ 000)
123
124
-
3,650,834
Current liabilities
69,630,900
-
-
-
618,312
-
-
-
19,903
27,431
228
27,203
47,334
47,334
-
598,409
-
8,414,640
-
-
-
163,405
290,487
93,479
197,008
453,892
453,892
-
8,251,235
Individual
Assurance
-
163,690
-
-
-
61
40,545
15,367
25,178
40,606
40,606
-
163,629
1,037,406
-
-
-
53,874
2,285
1,138
1,147
56,159
56,159
-
983,532
-
Individual
Annuity
Non - Participating
Individual
Health
-
36,153,834
-
-
-
1,766,129
614,842
85,953
528,889
2,380,971
1,709,663
671,308
34,387,705
Group
Assurance
* Depreciation has been allocated based on the assumption that the use of assets is proportional to the basis referred to in note 2(o) of Schedule 16.
Policy Liabilities and Funds for Future Appropriations are covered by Investments and Interest accrued on Investments.
Total (C)+(F)+(G)
Sub-Total (G)
account)
Debit balance in profit & loss account (Shareholders'
off or adjusted )
-
1,664,807
Net current assets (F)=(D)-(E)
Miscellaneous expenditure (To the extent not written
3,902,542
Sub Total (E)
251,708
5,567,349
Sub Total (D)
Provisions
5,567,349
-
67,966,093
Individual
Pension
Participating
Individual
Assurance
Current assets
Sub Total (C)
Fixed assets - net block (Refer note 2(l) of Schedule 16)
Particulars
-
194,647,732
-
-
-
45,629
421,152
1,418,392
(997,240)
466,781
466,781
-
194,602,103
Individual
Assurance
-
11,242,606
-
-
-
(1,645)
21,015
11,069
9,946
19,370
19,370
-
11,244,251
Individual
Pension
Linked
-
12,022,983
-
-
-
(102)
22,903
9,793
13,110
22,801
22,801
-
12,023,085
Group
58,708,347
-
-
-
(1,951,332)
11,136,905
1,340,917
9,795,988
9,185,573
2,536,246
6,649,327
60,659,679
2,554,847
Shareholder's
392,640,450
-
-
-
1,760,729
16,480,107
3,228,044
13,252,063
18,240,836
10,920,201
7,320,635
390,879,721
2,554,847
Total
( Rs.’ 000)
778,141
3,010,627
5,546,830
Add: Revenue account at the beginning of the year
Fund Revenue account at the end of the year
F-4
Current assets
Less : Current liabilities and provisions
10,425
157,376
38.4033
(c) Net asset value per unit (a)/(b) (Rs.)
6,043,773
6,043,773
21.6498
264,959
5,736,309
5,736,309
175,169
35,929
49,320
185,594
5,561,140
5,736,309
85,249
5,994,453
(b) Number of units outstanding (in thousands)
liabilities and provisions)(Rs. in thousands)
(a) Net assets as per Balance Sheet (total assets less current
Total
Net current assets
F-2
F-3
Investments
6,043,773
Total
2,042,475
3,693,834
ACCMIDCA02116
ACCEMIDCAP116
496,943
ULIF05206/01/10
ULIF03124/07/06
5,546,830
F-1
Schedule
Revenue account
Policyholders' contribution
Policyholders’ funds:
Sources of funds
Particulars
Acc Mid Cap
Fund II
2,042,475
155,683
1,886,792
Acc Mid
Cap Fund
Fund Balance Sheet as at March 31, 2015
2,536,203
Net income/(loss) for the year (A-B)
164,338
101,980
238,076
134,618
Total expenses (B)
Other charges
62,358
103,458
Fund management expenses
-
2,051,130
731,522
534,076
705,639
22,114
Fund administration expenses
Expenses
2,774,279
925,867
Profit/(loss) on inter fund transfer/sale of investment
Total Income (A)
968,904
Profit/(loss) on sale of investment
23,514
Miscellaneous income
57,049
730
ACCMIDCA02116
ACCEMIDCAP116
923
ULIF05206/01/10
ULIF03124/07/06
76,930
F -5
Schedule
Dividend income
Interest income
Particulars
Acc Mid Cap
Fund II
Acc Mid
Cap Fund
Fund Revenue account for the year ended March 31, 2015
Annexure 3 Refer schedule 16 Note 3.21 and 3.22
22.3417
1,000,399
22,350,634
22,350,634
321,538
68,790
390,328
22,029,096
22,350,634
8,945,967
13,404,667
ASSETALLOC116
ULIF04528/09/07
Asset Allocation
Fund
Form A-BS (UL)
8,945,967
3,078,455
5,867,512
980,123
689,891
290,232
-
6,847,635
1,142,029
1,122,814
3,925,729
65,221
248,469
343,373
ASSETALLOC116
ULIF04528/09/07
Asset Allocation
Fund
Form A-RA (UL)
12.7648
27,646
352,898
352,898
47,497
47
47,544
305,401
352,898
25,515
327,383
ASSETALL02116
ULIF07205/12/13
Asset Allocation
Fund II
13.8605
49,456
685,492
685,492
79,776
104
79,880
605,716
685,492
42,501
642,991
ASSRDRETRN116
ULIF06127/01/11
Assured Return
Fund
42,501
(7,258)
49,759
26,192
18,995
7,197
-
75,951
23,493
19
1,333
6,039
-
45,067
ASSRDRETRN116
ULIF06127/01/11
Linked life funds
25,515
(12)
25,527
5,851
4,548
1,303
-
31,378
(523)
25,690
2,859
1,692
390
1,270
ASSETALL02116
ULIF07205/12/13
Assured Return
Fund
Linked life funds
Asset Allocation
Fund II
6
14.6397
225,826
3,306,037
3,306,037
33,526
497
34,023
3,272,511
3,306,037
900,071
2,405,966
BLUECHIPEQ116
ULIF06026/10/10
Blue Chip
Equity Fund
900,071
351,679
548,392
87,092
50,957
36,135
-
635,484
473,268
65,292
50,274
9,012
37,632
BLUECHIPEQ116
ULIF06026/10/10
Blue Chip
Equity Fund
21.8256
430,486
9,395,592
9,395,592
262,413
224,956
487,369
9,133,179
9,395,592
2,167,558
7,228,034
BONDFUNDLI116
ULIF02610/07/06
Bond Fund
2,167,558
1,094,598
1,072,960
320,271
234,520
85,751
-
1,393,231
254,960
29,062
323,173
82,869
-
703,167
BONDFUNDLI116
ULIF02610/07/06
Bond Fund
19
16
3
-
11
-
-
-
11
-
-
-
-
-
-
-
-
-
-
-
1,458
(1,458)
CAPGTE2014116
ULIF04211/01/07
Capital Guarantee
Fund- 2014
( Rs.’ 000)
1,458
1,466
(8)
CAPGTE2014116
ULIF04211/01/07
Capital Guarantee
Fund- 2014
( Rs.’ 000)
125
126
1,407
3,500
Total Income (A)
697
Other charges
-
CAPSHIEL01116
CAPGTE2017116
F-4
Current assets
Total
Net current assets
F-2
F-3
Investments
953
19.9458
-
-
-
-
19,017
19,017
-
3
153
-
-
-
156
18,864
19,017
Total
357,415
(357,415)
ULIF04924/11/08
ULIF04311/01/07
3,924
Capital Shield - I
Capital Guarantee Fund2017
15,093
F-1
Schedule
Revenue account
Policyholders' funds:
Sources of funds
Particulars
357,415
15,093
33
357,382
2,561
12,532
11
1
10
-
44
-
-
-
44
-
939
Total expenses (B)
242
Expenses
1,272
39
(87)
120
ULIF04924/11/08
CAPSHIEL01116
ULIF04311/01/07
CAPGTE2017116
749
Capital Shield - I
Dividend income
F -5
Schedule
Interest income
Particulars
Capital Guarantee
Fund- 2017
-
-
-
-
-
-
-
-
-
214,607
(214,607)
CAPSHIEL02116
ULIF04824/11/08
Capital Shield - II
Form A-BS (UL)
214,607
214,564
43
21
2
19
-
64
-
-
-
64
-
-
ULIF04824/11/08
CAPSHIEL02116
Capital Shield - II
Form A-RA (UL)
19.6880
22,769
448,264
448,264
36,422
123
36,545
411,842
448,264
382,893
65,371
CASHFUNDLI116
ULIF00215/01/04
Cash Fund
23.2629
28,955
673,569
673,569
59,059
58
59,117
614,510
673,569
849,978
(176,409)
CASHPLUSFU116
ULIF01023/07/04
Cash Plus Fund
849,978
795,529
54,449
13,004
7,830
5,174
-
67,453
-
-
844
52,763
-
13,846
ULIF01023/07/04
CASHPLUSFU116
Cash Plus Fund
Linked life funds
382,893
360,552
22,341
21,758
10,722
4,905
6,131
44,099
-
-
304
35,664
-
8,131
ULIF00215/01/04
CASHFUNDLI116
Cash Fund
Linked life funds
19.8768
29,336
583,105
583,105
19,198
161
19,359
563,907
583,105
514,439
68,666
DEBTFUNDLI116
ULIF00415/01/04
Debt Fund
514,439
447,566
66,873
22,174
8,923
5,889
7,362
89,047
27,522
1,209
9,016
1,987
-
49,313
ULIF00415/01/04
DEBTFUNDLI116
Debt Fund
23.5823
35,331
833,188
833,188
33,326
71
33,397
799,862
833,188
817,358
15,830
DEBTPLUSFU116
ULIF00923/07/04
Debt Plus Fund
817,358
706,175
111,183
17,333
11,302
6,031
-
128,516
43,483
2,337
8,189
2,329
-
72,178
ULIF00923/07/04
DEBTPLUSFU116
Debt Plus Fund
10.0588
185
1,864
1,864
1,266
67
1,333
598
1,864
6
1,858
DISCONLIFE116
ULIF07026/03/13
Discontinued Life
Policy Fund
( Rs.’ 000)
6
-
6
1
-
1
-
7
-
-
-
7
-
-
ULIF07026/03/13
DISCONLIFE116
Discontinued Life
Policy Fund
(Rs.’ 000)
4
1,654
538,230
Total Income (A)
31,661
Other charges
12,795
6,791,244
3,328,119
EQGAINFUND116
EQUITYFUND116
37.3374
57,781
63.9157
78,584
5,022,736
2,157,374
5,022,736
2,157,374
Total
1,688
591
2,672
3,303
984
F-4
5,021,752
2,154,662
5,022,736
2,712
F-3
Current assets
Net current assets
F-2
Investments
2,157,374
Total
6,791,244
(1,768,508)
ULIF00523/07/04
ULIF00315/01/04
(1,170,745)
Equity Gain Fund
Equity Fund
3,328,119
F-1
Schedule
Revenue account
Sources of funds
Particulars
5,114,115
1,677,129
456,120
2,871,999
201,830
65,705
74,250
61,875
1,878,959
(72,311)
1,397,258
483,639
82,110
Total expenses (B)
28,027
22,422
Expenses
241,368
210,344
53,556
75
57,503
EQGAINFUND116
EQUITYFUND116
31,304
ULIF00523/07/04
ULIF00315/01/04
F -5
Schedule
Dividend income
Interest income
Particulars
Equity Gain Fund
Equity Fund
30.7730
1,487,200
45,765,651
45,765,651
625
296,043
296,668
45,765,026
45,765,651
37,062,408
8,703,243
EQGROWFUND116
ULIF02924/07/06
Equity Growth Fund
23.6076
362,737
8,563,357
8,563,357
192,909
1,380
194,289
8,370,448
8,563,357
3,566,091
4,997,266
EQTYGROW02116
ULIF05106/01/10
2
51.9372
20,568
1,068,242
1,068,242
1,509
130
1,639
1,066,733
1,068,242
1,559,967
(491,725)
EQINDEFUND116
ULIF00623/07/04
Equity Index Fund
1,559,967
1,324,659
235,308
29,157
18,133
11,024
-
264,465
114,263
109,443
24,377
1,107
15,273
EQINDEFUND116
ULIF00623/07/04
Linked life funds
3,566,091
1,466,886
2,099,205
246,168
151,504
94,664
-
2,345,373
211,109
1,113,977
929,572
20,804
69,748
163
EQTYGROW02116
ULIF05106/01/10
Equity Index Fund
Linked life funds
Form A-BS (UL)
37,062,408
23,054,807
14,007,601
2,066,438
1,250,638
815,800
-
16,074,039
3,067,380
4,537,317
7,820,111
125,007
520,977
3,247
EQGROWFUND116
ULIF02924/07/06
Equity Growth Fund
Form A-RA (UL)
50
27.0211
1,592,264
43,024,674
43,024,674
(93,740)
109,321
15,581
43,118,414
43,024,674
16,764,756
26,259,918
EQTYINDX02116
ULIF03024/07/06
Equity Index Fund - II
16,764,756
7,223,383
9,541,373
2,298,945
1,703,161
595,784
-
11,840,318
4,281,451
1,400,423
5,437,698
39,293
681,403
EQTYINDX02116
ULIF03024/07/06
77
47.6783
15,145
722,078
722,078
11,421
239
11,660
710,657
722,078
1,190,056
64.8032
19,086
1,236,822
1,236,822
24,543
223
24,766
1,212,279
1,236,822
2,588,134
(1,351,312)
EQUMIDPLUS116
(467,978)
ULIF01809/03/05
EQUMIDFUND116
Equity Midcap Plus
Fund
( Rs.’ 000)
2,588,134
2,139,759
448,375
30,349
13,073
17,276
-
478,724
155,405
168,955
133,839
5,148
15,225
152
EQUMIDPLUS116
ULIF01809/03/05
Equity Midcap Plus
Fund
ULIF01709/03/05
Equity Midcap Fund
1,190,056
933,882
256,174
29,134
9,972
10,452
8,710
285,308
104,280
98,040
70,882
2,726
9,303
EQUMIDFUND116
ULIF01709/03/05
Equity Midcap Fund
( Rs.’ 000)
127
128
76,895
Other charges
1,059
F-3
F-4
Current assets
Total
Net current assets
F-2
Investments
92,516
68.6885
14.5104
8,013
116,277
116,277
6,354,756
6,354,756
18,629
44,227
703
19,332
1,163
97,648
45,390
116,277
6,310,529
6,354,756
Total
47,856
68,421
EQUITYFUND116
(4,047,389)
ULIF05414/01/10
GROWPLUS01116
ULIF00723/07/04
10,402,145
F-1
Schedule
Revenue account
Sources of funds
Particulars
Equity Plus Fund
Growth Plus Fund I
47,856
10,402,145
37,153
8,488,185
10,703
1,913,960
4,764
3,004
1,760
-
15,467
4,304
(314)
(237)
169,828
Total expenses (B)
92,933
Expenses
2,083,788
Total Income (A)
683,433
494,803
15,454
822,852
-
10,655
EQUITYFUND116
93
ULIF05414/01/10
GROWPLUS01116
ULIF00723/07/04
67,153
F -5
Schedule
Dividend income
Interest income
Particulars
Growth Plus Fund I
Equity Plus Fund
-
14.5871
4,576
66,752
66,752
169
11
180
66,583
66,752
14,477
52,275
GROWPLUS02116
ULIF05510/05/10
Growth Plus Fund II
ULIF06322/09/11
23.6601
4,062
96,113
96,113
133
35
168
95,980
96,113
52,267
43,846
GROWPLUS03116
ULIF05926/10/10
Growth Plus Fund III
13.4199
181,324
2,433,347
2,433,347
273,590
299
273,889
2,159,757
2,433,347
467,130
1,966,217
GTEBONDFND116
ULIF06322/09/11
Guaranteed Bond
Fund
467,130
228,690
238,440
61,962
38,786
23,176
-
300,402
87,301
3,751
439
7,692
-
201,219
GTEBONDFND116
Linked life funds
52,267
17,218
35,049
2,555
1,393
1,162
-
37,604
(2,890)
35,375
3,879
472
692
76
GROWPLUS03116
ULIF05926/10/10
Guaranteed Bond
Fund
Linked life funds
Form A-BS (UL)
14,477
488
13,989
2,470
1,566
904
-
16,459
9,739
4,713
1,023
50
934
GROWPLUS02116
ULIF05510/05/10
Growth Plus Fund II
Form A-RA (UL)
17.1515
12,884
220,982
220,982
5,678
91
5,769
215,304
220,982
103,227
117,755
LIFELOGAIN116
ULIF01123/07/04
Life Long Gain Fund
103,227
75,955
27,272
5,656
632
2,233
2,791
32,928
12,881
74
1,311
1,348
-
17,314
LIFELOGAIN116
ULIF01123/07/04
Life Long Gain Fund
20.6029
117,019
2,410,928
2,410,928
197,433
281
197,714
2,213,495
2,410,928
184,636
2,226,292
LIQUIDFUND116
ULIF02510/07/06
Liquid Fund
184,636
61,857
122,779
111,278
87,247
24,031
-
234,057
-
-
1,249
140,159
-
92,649
LIQUIDFUND116
ULIF02510/07/06
Liquid Fund
16.6642
523,938
8,730,981
8,730,981
329,757
1,587
331,344
8,401,224
8,730,981
2,387,192
6,343,789
MAXGAINF01116
ULIF05017/12/09
Max Gain Fund I
( Rs.’ 000)
2,387,192
720,195
1,666,997
303,896
169,485
112,009
22,402
1,970,893
(668,036)
402,931
1,972,389
41,693
101,210
120,706
MAXGAINF01116
ULIF05017/12/09
Max Gain Fund I
(Rs.’ 000)
11,087
373,132
45,248
Other charges
428,970
F-3
F-4
PREMIRBOND116
MAXGAINF02116
141,937
15.1915
18.4568
9,835
181,526
181,526
2,156,227
2,156,227
8,546
214
8,760
172,980
181,526
130,787
115,396
391
115,787
2,040,831
2,156,227
428,970
50,739
ULIF02821/07/06
ULIF05814/09/10
1,727,257
Premier Bond Fund
Max Gain Fund II
Total
Net current assets
F-2
Current assets
F-1
Schedule
Investments
Total
Revenue account
Sources of funds
Particulars
130,787
129,608
22,575
108,212
299,362
5,698
431
5,267
-
28,273
9,594
495
1,549
1,117
-
15,518
73,770
Total expenses (B)
4,754
23,768
Expenses
Total Income (A)
59,370
(57,815)
316,488
19,378
PREMIRBOND116
MAXGAINF02116
24,624
ULIF02821/07/06
Premier Bond Fund
ULIF05814/09/10
Max Gain Fund II
Dividend income
F -5
Schedule
Interest income
Particulars
20.1489
2,235
45,039
45,039
1,440
13
1,453
43,599
45,039
63,486
(18,447)
PRERDEBTFU116
ULIF02317/12/05
Premier Debt Fund
-
27.6177
5,575
153,956
153,956
168
42
210
153,788
153,956
262,153
(108,197)
PRMREQFUND116
ULIF02117/12/05
Premier Equity Fund
5
39.5357
7,471
295,352
295,352
166
81
247
295,186
295,352
581,249
(285,897)
PREREQGAIN116
ULIF02217/12/05
Premier Equity Gain
Fund
581,249
481,722
99,527
11,963
5,214
6,749
-
111,490
(2,337)
83,464
26,236
597
3,525
PREREQGAIN116
ULIF02217/12/05
Linked life funds
262,153
229,501
32,652
6,689
3,017
3,672
-
39,341
15,462
17,141
4,362
107
2,269
PRMREQFUND116
ULIF02117/12/05
Premier Equity Gain
Fund
Linked life funds
Premier Equity Fund
Form A-BS (UL)
63,486
58,087
5,399
2,129
968
1,161
-
7,528
2,130
390
563
483
-
3,962
PRERDEBTFU116
ULIF02317/12/05
Premier Debt Fund
Form A-RA (UL)
30.0970
29,821
897,513
897,513
(1,649)
1,979
330
899,162
897,513
1,019,530
(122,017)
PREMEQGROW116
ULIF03824/07/06
Premier Equity
Growth Fund
1,019,530
708,493
311,037
17,739
(6,880)
24,619
-
328,776
2,995
241,203
72,032
2,067
10,465
14
PREMEQGROW116
ULIF03824/07/06
Premier Equity
Growth Fund
1
23.8773
21,375
510,376
510,376
3
236
239
510,373
510,376
374,135
136,241
PREREQINDX116
ULIF03924/07/06
Premier Equity Index
Fund
374,135
254,135
120,000
14,265
(872)
15,137
-
134,265
35,601
78,553
11,968
412
7,730
PREREQINDX116
ULIF03924/07/06
Fund
-
47.6863
10,934
521,419
521,419
4,505
94
4,599
516,914
521,419
554,912
(33,493)
PUREEQFUND116
ULIF02017/12/05
Pure Equity Fund
( Rs.’ 000)
554,912
352,350
202,562
29,328
21,913
7,415
-
231,890
77,070
71,391
76,025
1,458
5,946
PUREEQFUND116
ULIF02017/12/05
Pure Equity Fund
( Rs.’ 000)
129
130
F-3
F-4
Current assets
provisions)(Rs. in thousands)
(a) Net assets as per Balance Sheet (total assets less current liabilities and
Total
Net current assets
F-2
Investments
95,918
45.4196
15.2164
124,776
1,898,646
1,898,646
4,356,543
4,356,543
274,343
5,361
279,704
1,624,303
1,898,646
59,440
17,739
77,179
4,297,103
4,356,543
Total
746,854
1,151,792
SHIELDPL01116
PURESTKFUN116
1,950,958
ULIF05313/01/10
2,405,585
F-1
Shield Plus Fund I
Pure Stock Fund
Form A-BS (UL)
ULIF02721/07/06
Revenue account
Sources of funds
Particulars
746,854
2,405,585
234,039
512,815
Schedule
47,801
75,008
856,451
1,549,134
185,580
27,207
-
309,047
71,469
14,568
54,744
26,991
Total expenses (B)
134,664
Other charges
50,916
Expenses
1,734,714
338,121
689,127
Total Income (A)
650,102
14,388
3,208
138,067
SHIELDPL01116
PURESTKFUN116
-
ULIF05313/01/10
ULIF02721/07/06
42,976
F -5
Schedule
Dividend income
Interest income
Particulars
Shield Plus Fund I
Form A-RA (UL)
Pure Stock Fund
15.3169
41,236
631,607
631,607
98,678
172
98,850
532,929
631,607
224,939
406,668
SHIELDPL02116
ULIF05610/05/10
Shield Plus Fund II
14.8732
86,684
1,289,273
1,289,273
176,423
230
176,653
1,112,850
1,289,273
351,854
937,419
SHIELDPL03116
ULIF05711/08/10
351,854
200,772
151,082
42,008
24,936
17,072
-
193,090
38,193
11,885
35,641
14,841
1,382
91,148
SHIELDPL03116
ULIF05711/08/10
Linked life funds
224,939
146,316
78,623
23,717
14,913
8,804
-
102,340
17,983
7,429
23,240
6,827
947
45,914
SHIELDPL02116
ULIF05610/05/10
Linked life funds
Shield Plus Fund II
14.2105
13,227
187,958
187,958
26,995
31
27,026
160,963
187,958
45,447
142,511
SHIELDPL04116
ULIF06220/04/11
Shield Plus Fund IV
45,447
25,858
19,589
5,554
3,105
2,449
-
25,143
1,266
2,310
6,924
440
380
13,823
SHIELDPL04116
ULIF06220/04/11
Shield Plus Fund IV
7,442,398
191,546,245
191,546,245
2,893,695
781,596
3,675,291
188,652,550
191,546,245
116,523,770
75,022,475
Total (A): Linked life funds
( Rs.’ 000)
116,523,770
68,403,089
48,120,681
8,037,191
5,192,315
2,702,824
142,052
56,157,872
12,386,063
13,830,702
25,032,630
800,645
2,089,521
2,018,311
Total (A): Linked life funds
(Rs.’ 000)
3,727
14,521
534,731
Total Income (A)
15,662
1,359,233
853,378
F-3
F-4
Current assets
Total
Net current assets
F-2
Investments
22,912
41.9161
21.5021
66,855
1,437,523
1,437,523
960,366
960,366
13,277
219
13,496
1,424,246
1,437,523
11,213
2,685
13,898
949,153
960,366
Total
1,359,233
78,290
ASALLOCPEN116
ACCEMIDPEN116
106,988
ULIF04628/01/08
ULIF03324/07/06
853,378
F-1
Schedule
Revenue account
Sources of funds
Particulars
Asset Allocation
Pension Fund
Acc Mid Cap Pension
Fund
842,410
340,482
516,823
512,896
36,900
21,835
21,238
-
553,723
74,171
165,755
Total expenses (B)
7,385
Other charges
14,450
Expenses
202,551
139,718
265,721
5,174
19,169
23,733
ASALLOCPEN116
ACCEMIDPEN116
115
ULIF04628/01/08
ULIF03324/07/06
174,099
F -5
Schedule
Dividend income
Interest income
Particulars
Asset Allocation
Pension Fund
Acc Mid Cap Pension
Fund
22.5309
39,256
884,463
884,463
25,875
322
26,197
858,588
884,463
764,892
119,571
BONDPENFUN116
ULIF03524/07/06
Bond Pension Fund
23.4500
1,417
33,220
33,220
2,111
3
2,114
31,109
33,220
54,780
(21,560)
CASHPLUPEN116
ULIF01618/11/04
Cash Plus Pension
Fund
24.6172
2,674
65,829
65,829
3,729
6
3,735
62,100
65,829
84,941
(19,112)
DEBTPLUPEN116
ULIF01518/11/04
Debt Plus Pension
Fund
84,941
75,434
9,507
859
376
483
-
10,366
3,119
17
1,457
831
-
4,942
DEBTPLUPEN116
ULIF01518/11/04
Linked pension funds
54,780
52,007
2,773
424
174
250
-
3,197
-
-
28
2,929
-
240
CASHPLUPEN116
ULIF01618/11/04
Debt Plus Pension
Fund
Cash Plus Pension
Fund
Form A-BS (UL)
764,892
607,119
157,773
15,338
4,761
10,577
-
173,111
45,560
11,704
17,119
6,105
-
92,623
BONDPENFUN116
ULIF03524/07/06
Bond Pension Fund
Form A-RA (UL)
29
1
1
-
69
9.9952
7
68
68
39
29
68
29
68
(1)
DISCONPENS116
ULIF07126/03/13
Discontinued Pension
Policy Fund
(1)
-
34.7876
47,967
1,668,646
1,668,646
5,896
277
6,173
1,662,750
1,668,646
2,669,285
(1,000,639)
EQTYGROPEN116
ULIF03624/07/06
Equity Growth
Pension Fund
2,669,285
2,058,465
610,820
39,064
13,977
25,087
-
649,884
-
-
48,462
322,556
252,908
3,821
22,108
EQTYGROPEN116
ULIF03624/07/06
Equity Growth
Pension Fund
-
-
-
-
-
-
(1)
DISCONPENS116
ULIF07126/03/13
Policy Fund
-
46.0647
1,689
77,798
77,798
230
10
240
77,568
77,798
149,419
(71,621)
EQINDEXPEN116
ULIF01318/11/04
Equity Index Pension
Fund
( Rs.’ 000)
149,419
129,872
19,547
1,429
568
861
-
20,976
7,485
9,839
2,384
65
1,203
EQINDEXPEN116
ULIF01318/11/04
Fund
(Rs.’ 000)
131
132
5
33,358
102,334
26.9195
2,754,781
82.4790
796
65,666
65,666
2,754,781
Total
12
425
1,156
64,522
1,144
F-4
5,865
2,749,341
65,666
5,440
F-3
Current assets
Net current assets
F-2
Investments
2,754,781
Total
177,665
6
73.8665
5,552
410,076
410,076
522
75
597
409,554
410,076
944,757
(534,681)
EQUPLUSPEN116
ULIF01218/11/04
Equity Plus Pension Fund
944,757
805,469
139,288
8,235
2,160
6,075
-
147,523
2,710
103,035
36,091
1,059
4,622
EQUPLUSPEN116
ULIF01218/11/04
Form A-BS (UL)
(111,999)
EQUMIDCPEN116
EQINDPEN02116
37,919
ULIF01909/03/05
ULIF03724/07/06
2,716,862
F-1
Schedule
Equity Midcap Pension
Fund
Fund - II
Revenue account
Sources of funds
Particulars
177,665
2,716,862
30,823
146,842
812,345
1,904,517
1,257
317
940
-
32,080
75
27,250
3,904
284
76,535
Other charges
Total expenses (B)
43,177
888,880
29,324
712,156
94,599
1,924
7
560
EQUMIDCPEN116
EQINDPEN02116
50,872
ULIF01909/03/05
ULIF03724/07/06
F -5
Schedule
Fund
Form A-RA (UL)
Fund - II
Expenses
Total Income (A)
Dividend income
Interest income
Particulars
20.6818
7,184
148,578
148,578
133
17
150
148,445
148,578
99,616
48,962
LIQPENFUND116
ULIF04124/07/06
Liquid Pension Fund
99,616
80,637
18,979
3,424
1,070
2,354
-
22,403
-
-
167
19,193
-
3,043
LIQPENFUND116
ULIF04124/07/06
Liquid Pension Fund
10.1839
24,013
244,541
244,541
38,071
32
38,103
206,470
244,541
(191)
244,732
PENSIONBUI116
ULIF06908/02/13
Pension Builder Fund
(191)
-
(191)
3,367
2,868
499
-
3,176
445
(551)
231
892
-
2,159
PENSIONBUI116
ULIF06908/02/13
-
36.4592
6,459
235,494
235,494
22,050
40
22,090
213,444
235,494
194,075
41,419
PURESTKPEN116
ULIF04717/04/08
Pure Stock Pension Fund
194,075
77,763
116,312
4,699
1,453
3,246
-
121,011
46,353
39,779
31,808
-
3,071
PURESTKPEN116
ULIF04717/04/08
329,115
8,987,048
8,987,048
129,732
4,152
133,884
8,857,316
8,987,048
10,068,711
(1,081,663)
Total (B): Linked pension
funds
( Rs.’ 000)
10,068,711
7,121,017
2,947,694
213,367
84,130
129,237
-
3,161,061
397,422
1,594,091
880,516
46,004
116,126
126,902
Total (B): Linked pension
funds
( Rs.’ 000)
186
Other charges
1,198,455
45,379
39.8451
1,059
42,184
20.0957
149,165
2,997,575
2,997,575
42,184
Total
458
37,690
2,960,343
37,232
6
2,038
2,997,575
2,032
F-4
Net current assets
F-2
F-3
Investments
Current assets
40,152
42,184
Total
1,198,455
1,799,120
GRASSALLOC116
ACCELEFUND116
(3,195)
ULGF00926/02/10
ULGF00318/11/04
45,379
F-1
Schedule
Revenue account
Sources of funds
Particulars
Group Asset
Allocation Fund
Accelerated Fund
397,945
800,510
9,660
35,719
89,779
51,618
38,161
-
890,289
216,754
134,815
444,413
14,179
29,905
50,223
772
Total expenses (B)
586
Expenses
10,432
Total Income (A)
1,131
(192)
354
6,664
237
GRASSALLOC116
ACCELEFUND116
2,238
ULGF00926/02/10
ULGF00318/11/04
Dividend income
F -5
Schedule
Interest income
Particulars
Group Asset Allocation
Fund
Accelerated Fund
-
-
-
-
-
-
-
-
-
-
-
-
-
-
GRASSALLC2116
ULGF01710/05/13
Group Asset
Allocation Fund II
-
-
-
-
-
-
-
-
-
-
-
35
11.6575
427
4,981
4,981
180
1
181
4,801
4,981
962
4,019
GRBALCEDGA116
ULGF01810/05/13
Group Balanced Gain
Fund
-
15.7474
8,485
133,613
133,613
284
22
306
133,329
133,613
40,421
93,192
GRBLUECHIP116
ULGF01118/04/11
Group Blue Chip Fund
40,421
16,169
24,252
2,644
973
1,671
-
26,896
21,501
1,538
1,850
383
1,624
GRBLUECHIP116
ULGF01118/04/11
Linked group funds
962
(1)
963
109
40
69
-
1,072
127
579
27
304
GRBALCEDGA116
ULGF01810/05/13
Linked group funds
Group Balanced Gain
Fund
Form A-BS (UL)
GRASSALLC2116
ULGF01710/05/13
Fund II
Form A-RA (UL)
19.6167
114,927
2,254,484
2,254,484
50,169
4,898
55,067
2,204,315
2,254,484
778,944
1,475,540
GRDEBTFUND116
ULGF00426/03/08
Group Debt Fund
778,944
466,312
312,632
41,503
19,229
22,274
-
354,135
37,216
20,282
109,369
8,115
-
179,153
GRDEBTFUND116
ULGF00426/03/08
Group Debt Fund
12.0130
287,744
3,456,675
3,456,675
466,990
380
467,370
2,989,685
3,456,675
180,767
3,275,908
GRDEBTFU02116
ULGF01924/06/13
Group Debt Fund II
180,767
11,677
169,090
18,634
5,851
12,783
-
187,724
21,717
893
57,721
7,162
-
100,231
GRDEBTFU02116
ULGF01924/06/13
Group Debt Fund II
5
18.5218
23,729
439,508
439,508
170
77
247
439,338
439,508
156,739
282,769
GREQTYFUND116
ULGF01018/04/11
Group Equity Fund
( Rs.’ 000)
156,739
45,685
111,054
7,385
2,547
4,838
-
118,439
18,077
69,911
25,041
1,616
3,789
GREQTYFUND116
ULGF01018/04/11
Group Equity Fund
( Rs.’ 000)
133
134
3
Total Income (A)
42,978
Other charges
63,029
561,433
F-3
F-4
Total
Net current assets
F-2
Current assets
F-1
Schedule
Investments
Total
Revenue account
Sources of funds
Particulars
GRGROWFU02116
GREQTYINDX116
93,165
15.9423
13.5529
19,298
261,539
261,539
1,485,264
1,485,264
30,804
149
30,953
230,735
261,539
63,029
513
280
793
1,484,751
1,485,264
561,433
198,510
ULGF01311/05/11
ULGF00822/02/10
923,831
Group Growth Fund II
Group Equity Index
Fund
42,006
160,718
21,023
400,715
3,143
634
2,509
-
24,166
1,761
165
40
3,429
71,212
Total expenses (B)
28,234
Expenses
154,671
471,927
45,157
1,541
-
18,771
GRGROWFU02116
GREQTYINDX116
26,682
ULGF01311/05/11
ULGF00822/02/10
Fund
243,873
F -5
Schedule
Dividend income
Interest income
Particulars
Group Equity Index
17.6960
23,720
419,752
419,752
20,524
251
20,775
399,228
419,752
146,746
273,006
GRLIQUFUND116
ULGF00503/11/08
Group Liquid Fund
10.8414
2,116
22,944
22,944
3,527
2
3,529
19,417
22,944
1,954
20,990
GRLIQUFU02116
ULGF02124/06/13
Group Liquid Fund II
14.1994
9,236
131,141
131,141
16,085
20
16,105
115,056
131,141
35,415
95,726
RETNSHIELD116
ULGF01421/06/11
Group Return Shield
Fund
35,415
18,466
16,949
2,472
917
1,555
-
19,421
3,497
1,579
4,344
492
197
9,312
RETNSHIELD116
ULGF01421/06/11
Linked group funds
1,954
-
1,954
198
31
167
-
2,152
-
-
43
1,790
-
319
GRLIQUFU02116
ULGF02124/06/13
Fund
Group Return Shield
Linked group funds
Form A-BS (UL)
146,746
113,175
33,571
7,203
4,022
3,181
-
40,774
-
-
418
35,669
-
4,687
GRLIQUFUND116
ULGF00503/11/08
Group Liquid Fund
Form A-RA (UL)
16.0218
717
11,489
11,489
408
1
409
11,081
11,489
105,455
(93,966)
GRSHTRMDEB116
ULGF00628/02/09
Group Short Term
Debt Fund
105,455
104,452
1,003
412
300
112
-
1,415
248
7
207
198
-
755
GRSHTRMDEB116
ULGF00628/02/09
Debt Fund
Group Short Term
13.2914
547
7,268
7,268
193
1
194
7,075
7,268
2,839
4,429
GRSHTRDE02116
ULGF01218/04/11
Group Short Term
Debt Fund II
2,839
2,127
712
91
33
58
-
803
301
15
-
39
-
448
GRSHTRDE02116
ULGF01218/04/11
Debt Fund II
Group Short Term
11.3745
254
2,891
2,891
166
-
166
2,725
2,891
279
2,612
GRSHTRDE03116
ULGF02024/06/13
Group Short Term
Debt Fund III
( Rs.’ 000)
279
19
260
88
63
25
-
348
75
55
7
53
-
158
GRSHTRDE03116
ULGF02024/06/13
Debt Fund III
Group Short Term
( Rs.’ 000)
F-3
F-4
112,057
27.3582
30.2530
39,008
1,180,124
1,180,124
3,065,690
3,065,690
61,666
1,552
63,218
1,118,458
1,180,124
865,602
314,522
213,295
421
213,716
2,852,395
3,065,690
912,601
STABLEFUND116
SECUREFUND116
2,153,089
ULGF00115/09/04
ULGF00215/10/04
provisions)(Rs. in thousands)
(a) Net assets as per Balance Sheet (total assets less current liabilities and
Total
Net current assets
F-2
Current assets
F-1
Schedule
Investments
Total
Revenue account
Sources of funds
Particulars
Stable Fund
Secure Fund
Linked group funds
865,602
912,601
659,375
550,852
206,227
361,749
Form A-BS (UL)
2,076
15,186
37,384
13,110
-
221,413
(11,728)
32,390
131,058
5,893
4,598
59,202
Linked group funds
Total expenses (B)
9,676
Other charges
27,708
Expenses
399,133
15,716
Total Income (A)
36,153
176,451
19,021
5,706
STABLEFUND116
146,086
ULGF00115/09/04
SECUREFUND116
Stable Fund
Form A-RA (UL)
ULGF00215/10/04
F -5
Schedule
Dividend income
Interest income
Particulars
Secure Fund
100,238
72,773
571,591
885,654
15,917,123
15,917,123
904,239
8,519
912,758
15,012,884
15,917,123
5,097,020
10,820,103
Total (C): Linked pension funds
5,097,020
2,624,696
2,472,324
298,215
141,174
157,041
-
2,770,539
479,741
543,386
1,002,810
Total (C): Linked pension funds
Grand Total (A+B+C)
Grand Total (A+B+C)
8,657,167
216,450,416
216,450,416
3,927,666
794,267
4,721,933
212,522,750
216,450,416
131,689,501
84,760,915
( Rs.’ 000)
131,689,501
78,148,802
53,540,699
8,548,773
5,417,619
2,989,102
142,052
62,089,472
13,263,226
15,968,179
26,915,956
946,887
2,278,420
2,716,804
( Rs.’ 000)
135
136
496,943
Closing balance as at March 31,
2,718
3,924
2015
96
6,546
ULIF04311/01/07
CAPGTE2017116
Less : Deduction during the year
Add : Addition during the year
Particulars
2,035,403
2015
435,233
(357,415)
6,269
(1)
(351,145)
ULIF04924/11/08
CAPSHIEL01116
Capital Shield - I
3,693,834
1,317,324
1,740,409
3,270,749
ACCMIDCA02116
2,097,113
ULIF05206/01/10
ACCEMIDCAP116
Acc Mid Cap Fund II
ULIF03124/07/06
Acc Mid Cap Fund
Particulars
Schedule F1 : Policyholders’ contribution
Schedules to Fund Revenue account
(214,607)
8,935
-
(205,672)
ULIF04824/11/08
CAPSHIEL02116
Capital Shield - II
13,404,667
8,618,752
1,248,454
20,774,965
ASSETALLOC116
ULIF04528/09/07
65,371
293,987
142,426
216,932
ULIF00215/01/04
CASHFUNDLI116
Cash Fund
(176,409)
358,233
96,266
85,558
ULIF01023/07/04
CASHPLUSFU116
Cash Plus Fund
642,991
212,842
299,868
555,965
ASSRDRETRN116
ULIF06127/01/11
Assured Return Fund
Linked life funds
327,383
22,947
349,268
1,062
ASSETALL02116
ULIF07205/12/13
Fund II
Asset Allocation
Linked life funds
68,666
180,366
79,243
169,789
ULIF00415/01/04
DEBTFUNDLI116
Debt Fund
2,405,966
363,662
740,206
2,029,422
BLUECHIPEQ116
ULIF06026/10/10
15,830
435,823
258,193
193,460
ULIF00923/07/04
DEBTPLUSFU116
Debt Plus Fund
7,228,034
3,668,729
2,889,340
8,007,423
BONDFUNDLI116
ULIF02610/07/06
Bond Fund
-
1,858
291
2,149
ULIF07026/03/13
DISCONLIFE116
Discontinued Life
Policy Fund
( Rs.’ 000)
(1,458)
549
-
(909)
CAPGTE2014116
ULIF04211/01/07
Fund- 2014
Capital Guarantee
( Rs.’ 000)
(1,170,745)
294,788
1,654,316
(4,047,389)
2015
(2,687,861)
ULIF00723/07/04
EQPLUSFUND116
Particulars
Equity Plus Fund
527,423
2015
60,904
68,421
41,311
(1)
109,733
ULIF05414/01/10
GROWPLUS01116
Growth Plus Fund I
(1,768,508)
1,247,589
163,193
(684,112)
EQGAINFUND116
(704,226)
ULIF00523/07/04
EQUITYFUND116
Equity Gain Fund
ULIF00315/01/04
Equity Fund
Particulars
52,275
8,311
-
60,586
ULIF05510/05/10
GROWPLUS02116
Growth Plus Fund II
8,703,243
15,138,931
1,417,525
22,424,649
EQGROWFUND116
ULIF02924/07/06
Equity Growth Fund
43,846
8,405
7,245
45,006
ULIF05926/10/10
GROWPLUS03116
1,966,217
2,888
54
1,969,051
ULIF06322/09/11
GTEBONDFND116
Guaranteed Bond
Fund
(491,725)
304,639
62,446
(249,532)
EQINDEFUND116
ULIF00623/07/04
Equity Index Fund
Linked life funds
4,997,266
2,210,728
2,872,708
4,335,286
EQTYGROW02116
ULIF05106/01/10
Linked life funds
117,755
49,135
19,256
147,634
ULIF01123/07/04
LIFELOGAIN116
Life Long Gain Fund
26,259,918
18,866,810
2,581,051
42,545,677
EQTYINDX02116
ULIF03024/07/06
2,226,292
1,903,198
1,401,622
2,727,868
ULIF02510/07/06
LIQUIDFUND116
Liquid Fund
(467,978)
194,102
28,664
(302,540)
EQUMIDFUND116
ULIF01709/03/05
Equity Midcap Fund
6,343,789
2,756,366
851,758
8,248,397
ULIF05017/12/09
MAXGAINF01116
Max Gain Fund I
( Rs.’ 000)
(1,351,312)
325,857
118,516
(1,143,971)
EQUMIDPLUS116
ULIF01809/03/05
Fund
Equity Midcap Plus
( Rs.’ 000)
137
138
1,727,257
1,950,958
2015
830,698
1,271,684
1,151,792
456,897
270
1,608,419
SHIELDPL01116
2,391,944
ULIF05313/01/10
PURESTKFUN116
Shield Plus Fund I
50,739
80,583
30,195
ULIF02721/07/06
Particulars
Pure Stock Fund
432,010
2015
659,803
101,127
PREMIRBOND116
1,499,464
ULIF02821/07/06
MAXGAINF02116
Premier Bond Fund
ULIF05814/09/10
Max Gain Fund II
Particulars
406,668
131,379
(1)
538,048
SHIELDPL02116
ULIF05610/05/10
Shield Plus Fund II
937,419
72,872
1,294
1,008,997
SHIELDPL03116
ULIF05711/08/10
(108,197)
44,245
5,177
(69,129)
PRMREQFUND116
ULIF02117/12/05
Premier Equity Fund
Linked life funds
(18,447)
27,811
12,322
(2,958)
PRERDEBTFU116
ULIF02317/12/05
Premier Debt Fund
142,511
1,441
140
143,812
SHIELDPL04116
ULIF06220/04/11
Shield Plus Fund IV
(285,897)
94,909
7,651
(198,639)
PREREQGAIN116
ULIF02217/12/05
Fund
Premier Equity Gain
Linked life funds
75,022,477
65,965,881
19,762,600
121,225,758
ULIF03324/07/06
106,988
778,362
243,188
642,162
ACCEMIDPEN116
Fund
funds
Acc Mid Cap Pension
78,290
1,053,108
77,325
1,054,073
ASALLOCPEN116
ULIF04628/01/08
Pension Fund
Asset Allocation
( Rs.’ 000)
(33,493)
142,820
15,670
93,657
PUREEQFUND116
ULIF02017/12/05
Pure Equity Fund
136,241
171,760
8,565
299,436
PREREQINDX116
ULIF03924/07/06
Fund
Total (A): Linked life
(122,017)
270,631
29,937
118,677
PREMEQGROW116
ULIF03824/07/06
Growth Fund
Premier Equity
( Rs.’ 000)
2015
Particulars
2015
Particulars
(534,681)
97,022
12,902
(450,561)
48,962
495,084
289,182
254,864
244,732
8,476
253,208
-
41,419
142,389
27,925
155,883
PURESTKPEN116
LIQPENFUND116
EQUPLUSPEN116
Pure Stock Pension
ULIF04717/04/08
PENSIONBUI116
69
ULIF04124/07/06
ULIF06908/02/13
69
ULIF01218/11/04
(19,112)
17,202
4,611
DISCONPENS116
ULIF07126/03/13
Policy Fund
Fund
Liquid Pension Fund
(21,560)
10,766
4,887
(6,521)
DEBTPLUPEN116
ULIF01518/11/04
Fund
Debt Plus Pension
(1,081,662)
6,854,619
1,657,862
4,115,095
pension funds
Total (B): Linked
(1,000,639)
1,017,250
155,279
(138,668)
EQTYGROPEN116
ULIF03624/07/06
Pension Fund
Equity Growth
Fund
Equity Plus Pension
119,571
907,673
219,047
(15,681)
CASHPLUPEN116
808,197
ULIF01618/11/04
BONDPENFUN116
Fund
Cash Plus Pension
ULIF03524/07/06
Bond Pension Fund
chedules to Fund Revenue account
(3,195)
23,016
1,500
18,321
ACCELEFUND116
ULGF00318/11/04
Accelerated Fund
(71,621)
29,357
4,003
(46,267)
EQINDEXPEN116
ULIF01318/11/04
Fund
1,799,120
860,135
171,222
2,488,033
GRASSALLOC116
ULGF00926/02/10
Allocation Fund
Group Asset
Linked group funds
37,919
2,277,544
360,431
1,955,032
EQINDPEN02116
ULIF03724/07/06
Fund - II
GRASSALLC2116
ULGF01710/05/13
Allocation Fund II
Group Asset
-
-
-
-
( Rs.’ 000)
(111,999)
20,386
5,805
(97,418)
EQUMIDCPEN116
ULIF01909/03/05
Pension Fund
Equity Midcap
( Rs.’ 000)
139
140
2015
Particulars
2015
Particulars
RETNSHIELD116
GRLIQUFU02116
20,990
78,740
98,112
95,726
4,220
1
99,945
ULGF01421/06/11
ULGF02124/06/13
1,618
Shield Fund
Group Return
(93,966)
3,278
433
(91,121)
GRSHTRMDEB116
ULGF00628/02/09
Debt Fund
4,429
1,180
1,947
3,662
GRSHTRDE02116
ULGF01218/04/11
Debt Fund II
2,612
1,036
522
3,126
GRSHTRDE03116
ULGF02024/06/13
Debt Fund III
2,153,089
351,446
1,061,668
1,442,867
SECUREFUND116
314,522
129,315
223,801
220,036
STABLEFUND116
10,820,102
3,324,058
4,757,807
84,760,917
76,144,558
26,178,269
134,727,206
(A+B+C)
Group Funds
9,386,353
Grand Total
( Rs.’ 000)
273,006
245,070
59,108
458,968
GRLIQUFUND116
ULGF00503/11/08
Group Liquid Fund
( Rs.’ 000)
Total (C): Linked
198,510
(1)
778
197,731
GRGROWFU02116
ULGF01311/05/11
ULGF00115/09/04
Stable Fund
923,831
1,007,053
131,748
1,799,136
GREQTYINDX116
ULGF00215/10/04
Secure Fund
282,769
11,651
96,746
197,674
GREQTYFUND116
Group Short Term
Linked group funds
3,275,908
45,569
2,725,755
595,722
GRDEBTFU02116
Group Short Term
1,475,540
554,612
167,797
1,862,355
Group Short Term
93,192
869
11,654
82,407
Fund II
Group Liquid
4,019
6,869
5,015
5,873
GRDEBTFUND116
GRBLUECHIP116
ULGF01018/04/11
GRBALCEDGA116
ULGF01924/06/13
ULGF00822/02/10
ULGF00426/03/08
Group Equity Index
ULGF01118/04/11
Group Equity Fund
ULGF01810/05/13
Group Debt Fund II
Fund
Group Debt Fund
Fund
Group Blue Chip
Linked group funds
Fund
Group Balanced Gain
Infrastructure equity
316,421
77.07%
22.93%
% of Approved to total
% of Other investments to
total
5,994,453
Grand total
-
1,374,570
Mutual fund
Total
-
Money market
1,058,149
Equity
-
-
Infrastructure bonds
4,619,883
1,500
-
439,941
Corporate bonds
Other investments
Total
Bank fixed deposits
Mutual funds
Money market
3,879,704
298,738
Equity
-
-
Corporate bonds
22.92%
77.08%
5,561,140
1,274,880
-
-
980,676
294,204
-
-
4,286,260
-
-
438,808
3,569,690
277,762
-
-
-
ULIF05206/01/10
ACCMIDCA02116
ULIF03124/07/06
ACCEMIDCAP116
-
Acc Mid Cap
Fund II
Acc Mid Cap Fund
Government bonds
Approved investments
Particulars
Schedule F2 : Investments
6.70%
93.30%
22,029,096
1,475,357
-
-
916,233
444,557
-
114,567
20,553,739
283,550
-
1,184,115
13,573,841
474,515
1,184,922
770,517
3,082,279
ULIF04528/09/07
ASSETALLOC116
Asset Allocation
Fund
4.80%
95.20%
305,401
14,669
-
-
10,101
4,568
-
-
290,732
-
-
120,838
141,054
4,397
3,051
-
21,392
ULIF07205/12/13
ASSETALL02116
Asset Allocation
Fund II
7.60%
92.40%
605,716
46,024
-
-
-
-
-
46,024
559,692
149,100
-
34,654
-
-
168,685
68,168
139,085
ULIF06127/01/11
ASSRDRETRN116
Assured Return
Fund
2.74%
97.26%
3,272,511
89,725
-
-
15,698
74,027
-
-
3,182,786
-
-
95,442
2,726,079
361,265
-
-
-
ULIF06026/10/10
BLUECHIPEQ116
Blue Chip Equity
Fund
Linked life funds
5.71%
94.29%
9,133,179
521,462
-
-
-
-
-
521,462
8,611,717
-
-
26,365
-
-
1,478,984
840,797
6,265,571
ULIF02610/07/06
BONDFUNDLI116
Bond Fund
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
ULIF04211/01/07
CAPGTE2014116
Capital
Guarantee Fund2014
0.83%
99.17%
18,864
156
-
-
-
156
-
-
18,708
-
-
-
7,821
759
-
-
10,128
ULIF04311/01/07
CAPGTE2017116
Capital Guarantee
Fund- 2017
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
ULIF04924/11/08
CAPSHIEL01116
Capital Shield - I
( Rs '000)
141
142
-
-
-
-
-
Equity
Money market
Mutual funds
Bank fixed deposits
Total
-
-
-
-
-
-
-
-
-
Equity
Money market
Mutual fund
Total
Grand total
% of Other investments
to total
-
Corporate bonds
Other investments
-
-
-
-
-
100.00%
411,842
-
-
-
-
-
-
-
411,842
164,100
-
247,742
-
-
-
-
-
CASHFUNDLI116
Corporate bonds
ULIF00215/01/04
CAPSHIEL02116
Cash Fund
ULIF04824/11/08
Capital Shield - II
Government bonds
Particulars
-
100.00%
614,510
-
-
-
-
-
-
-
614,510
303,050
-
311,460
-
-
-
-
-
CASHPLUSFU116
ULIF01023/07/04
Cash Plus Fund
1.26%
98.74%
563,907
7,085
-
-
-
-
-
7,085
556,822
-
-
3,795
-
-
135,217
70,458
347,352
DEBTFUNDLI116
ULIF00415/01/04
Debt Fund
0.89%
99.11%
799,862
7,085
-
-
-
-
-
7,085
792,777
-
-
8,688
-
-
184,838
98,652
500,599
DEBTPLUSFU116
ULIF00923/07/04
Debt Plus Fund
-
-
-
-
-
-
100.00%
598
-
-
-
-
-
-
-
598
-
-
598
DISCONLIFE116
ULIF07026/03/13
Discontinued Life
Policy Fund
Linked life funds
2.81%
97.19%
2,154,662
60,548
-
-
10,420
50,128
-
-
2,094,114
-
-
16,877
1,831,165
246,072
-
-
-
EQUITYFUND116
ULIF00315/01/04
Equity Fund
14.63%
85.37%
5,021,752
734,807
-
-
383,587
351,220
-
-
4,286,945
-
-
289,324
3,828,450
169,171
-
-
-
EQGAINFUND116
ULIF00523/07/04
Equity Gain Fund
14.78%
85.22%
45,765,026
6,762,437
-
-
3,507,332
3,255,105
-
-
39,002,589
400
-
2,591,720
34,869,221
1,541,248
-
-
-
EQGROWFUND116
ULIF02924/07/06
Equity Growth
Fund
14.58%
85.42%
8,370,448
1,220,035
-
-
636,887
583,148
-
-
7,150,413
-
-
525,592
6,343,938
280,883
-
-
-
EQTYGROW02116
ULIF05106/01/10
Equity Growth
Fund II
( Rs '000)
Equity
-
24,617
97.21%
2.79%
to total
1,066,733
Grand total
29,773
-
Mutual fund
Total
-
Money market
5,156
-
Equity
-
Corporate bonds
Other investments
1,036,960
Bank fixed deposits
Total
-
Mutual funds
14,580
901,576
Money market
-
120,804
5.61%
94.39%
43,118,414
2,420,284
-
-
1,449,874
970,410
-
-
40,698,130
-
-
448,855
36,034,051
4,215,224
-
-
-
EQINDEFUND116
-
EQTYINDX02116
ULIF00623/07/04
-
ULIF03024/07/06
Equity Index Fund
Corporate bonds
Equity Index
Fund - II
Government bonds
Particulars
23.02%
76.98%
710,657
163,594
-
-
125,923
37,671
-
-
547,063
-
-
53,766
457,731
35,566
-
-
-
EQUMIDFUND116
ULIF01709/03/05
Equity Midcap
Fund
22.99%
77.01%
1,212,279
278,691
-
-
214,385
64,306
-
-
933,588
-
-
91,677
781,199
60,712
-
-
-
EQUMIDPLUS116
ULIF01809/03/05
Equity Midcap
Plus Fund
14.72%
85.28%
6,310,529
928,767
-
-
484,839
443,928
-
-
5,381,762
-
-
360,418
4,807,519
213,825
-
-
-
EQPLUSFUND116
ULIF00723/07/04
Equity Plus Fund
-
100.00%
97,648
-
-
-
-
-
-
-
97,648
39,500
-
599
-
-
47,780
9,769
-
GROWPLUS01116
ULIF05414/01/10
Growth Plus
Fund I
Linked life funds
2.40%
97.60%
66,583
1,599
-
-
91
1,508
-
-
64,984
-
-
100
57,177
7,707
-
-
-
GROWPLUS02116
ULIF05510/05/10
Growth Plus
Fund II
14.65%
85.35%
95,980
14,064
-
-
7,342
6,722
-
-
81,916
-
-
5,393
73,285
3,238
-
-
-
GROWPLUS03116
ULIF05926/10/10
Growth Plus
Fund III
2.70%
97.30%
2,159,757
58,415
-
-
-
-
-
58,415
2,101,342
627,795
-
27,164
-
-
830,084
209,590
406,709
GTEBONDFND116
ULIF06322/09/11
Guaranteed Bond
Fund
-
100.00%
215,304
-
-
-
-
-
-
-
215,304
-
-
1,598
-
-
42,709
12,933
158,064
LIFELOGAIN116
ULIF01123/07/04
Life Long Gain
Fund
(Rs '000)
143
144
-
-
-
Equity
-
-
-
-
Equity
Money market
Mutual fund
Total
100.00%
-
to total
2,213,495
-
Grand total
-
-
Corporate bonds
Other investments
1,204,350
2,213,495
Total
-
Bank fixed deposits
Mutual funds
1,009,145
-
Money market
-
3.65%
96.35%
8,401,224
306,663
-
-
107,913
198,750
-
-
8,094,561
563,800
-
1,451,269
4,570,268
314,127
601,679
270,561
322,857
MAXGAINF01116
Corporate bonds
ULIF05017/12/09
LIQUIDFUND116
Max Gain Fund I
ULIF02510/07/06
Liquid Fund
Government bonds
Particulars
4.31%
95.69%
2,040,831
87,858
-
-
30,917
56,941
-
-
1,952,973
218,600
-
180,654
1,339,359
89,997
12,202
10,376
101,785
MAXGAINF02116
ULIF05814/09/10
Max Gain Fund II
-
100.00%
172,980
-
-
-
-
-
-
-
172,980
5,900
-
1,897
-
-
16,680
46,152
102,351
PREMIRBOND116
ULIF02821/07/06
Premier Bond
Fund
-
100.00%
43,599
-
-
-
-
-
-
-
43,599
300
-
2,397
-
-
2,047
9,146
29,709
PRERDEBTFU116
ULIF02317/12/05
2.83%
97.17%
153,788
4,350
-
-
746
3,604
-
-
149,438
-
-
200
131,536
17,702
-
-
-
PRMREQFUND116
ULIF02117/12/05
Premier Equity
Fund
Linked life funds
Premier Debt
Fund
-
-
-
14.64%
85.36%
295,186
43,228
-
-
22,566
20,662
-
-
251,958
-
-
16,778
225,228
9,952
PREREQGAIN116
ULIF02217/12/05
Premier Equity
Gain Fund
14.64%
85.36%
899,162
131,613
-
-
68,705
62,908
-
-
767,549
-
-
51,531
685,718
30,300
-
-
-
PREMEQGROW116
ULIF03824/07/06
Premier Equity
Growth Fund
-
-
-
2.83%
97.17%
510,373
14,428
-
-
2,475
11,953
-
-
495,945
-
-
100
437,147
58,698
PREREQINDX116
ULIF03924/07/06
Premier Equity
Index Fund
17.58%
82.42%
516,914
90,853
-
-
44,038
46,815
-
-
426,061
-
-
39,317
376,717
10,027
-
-
-
PUREEQFUND116
ULIF02017/12/05
Pure Equity Fund
(Rs '000)
-
82,855
-
17.71%
total
10.99%
89.01%
1,624,303
4,297,103
82.29%
178,539
-
-
-
-
-
178,539
1,445,764
522,800
-
1,897
156,105
18,010
708,224
38,728
761,005
Grand total
Total
-
Equity
Mutual fund
372,357
388,648
-
-
Money market
-
Corporate bonds
Other investments
3,536,098
-
Total
-
Bank fixed deposits
401,255
Mutual funds
Money market
3,051,988
-
Equity
-
SHIELDPL01116
PURESTKFUN116
Corporate bonds
ULIF05313/01/10
Shield Plus Fund I
ULIF02721/07/06
Pure Stock Fund
Government bonds
Particulars
9.12%
90.88%
532,929
48,628
-
-
-
-
-
48,628
484,301
160,405
-
1,498
59,822
1,171
183,646
73,546
4,213
SHIELDPL02116
ULIF05610/05/10
Shield Plus Fund II
2.62%
97.38%
1,112,850
29,208
-
-
-
-
-
29,208
1,083,642
281,500
-
1,298
108,477
769
583,623
55,423
52,552
SHIELDPL03116
ULIF05711/08/10
Shield Plus Fund
III
Linked life funds
-
100.00%
160,963
-
-
-
-
-
-
-
160,963
46,400
-
1,398
21,879
1,908
53,342
20,839
15,197
SHIELDPL04116
ULIF06220/04/11
Shield Plus Fund IV
10.17%
89.83%
188,652,550
19,180,400
-
-
10,472,701
7,696,686
-
1,011,013
169,472,150
4,573,050
-
10,500,743
125,047,745
8,947,402
6,237,713
2,605,655
11,559,842
life funds
Total (A): Linked
-
-
-
23.66%
76.34%
949,153
224,614
-
-
173,355
51,259
-
-
724,539
-
-
52,530
623,615
48,394
ACCEMIDPEN116
ULIF03324/07/06
Acc Mid Cap
Pension Fund
6.21%
93.79%
1,424,246
88,508
-
-
58,935
29,573
-
-
1,335,738
-
-
132,893
907,254
30,584
65,970
10,632
188,405
ASALLOCPEN116
ULIF04628/01/08
Asset Allocation
Pension Fund
1.65%
98.35%
858,588
14,171
-
-
-
-
-
14,171
844,417
-
-
1,298
-
-
66,682
187,487
588,950
BONDPENFUN116
ULIF03524/07/06
Bond Pension Fund
(Rs '000)
145
146
-
-
Equity
62,100
-
-
-
31,109
Money market
Mutual fund
Total
total
-
100.00%
-
Equity
Grand total
-
-
-
100.00%
-
-
-
-
-
-
-
62,100
4,450
-
200
-
31,109
4,000
-
-
-
1,022
8,115
48,313
Corporate bonds
Other investments
Total
Bank fixed deposits
Mutual funds
27,109
-
Money market
-
DEBTPLUPEN116
CASHPLUPEN116
-
ULIF01518/11/04
ULIF01618/11/04
Corporate bonds
Debt Plus
Pension Fund
Cash Plus
Pension Fund
Government bonds
Particulars
-
100.00%
29
-
-
-
-
-
-
-
29
-
-
29
-
-
-
-
-
DISCONPENS116
ULIF07126/03/13
Discontinued
Pension Policy
Fund
14.81%
85.19%
1,662,750
246,268
-
-
128,558
117,710
-
-
1,416,482
-
-
76,697
1,283,088
56,697
-
-
-
EQTYGROPEN116
ULIF03624/07/06
Equity Growth
Pension Fund
2.85%
97.15%
77,568
2,214
-
-
378
1,836
-
-
75,354
-
-
100
66,230
9,024
-
-
-
EQINDEXPEN116
ULIF01318/11/04
Equity Index
Pension Fund
2.86%
97.14%
2,749,341
78,501
-
-
13,420
65,081
-
-
2,670,840
-
-
3,595
2,346,768
320,477
-
-
-
EQINDPEN02116
ULIF03724/07/06
Equity Index
Pension Fund - II
23.16%
76.84%
64,522
14,941
-
-
11,504
3,437
-
-
49,581
-
-
4,543
41,793
3,245
-
-
-
EQUMIDCPEN116
ULIF01909/03/05
Equity Midcap
Pension Fund
14.74%
85.26%
409,554
60,352
-
-
31,505
28,847
-
-
349,202
-
-
20,872
314,435
13,895
-
-
-
EQUPLUSPEN116
ULIF01218/11/04
Equity Plus
Pension Fund
-
100.00%
148,445
-
-
-
-
-
-
-
148,445
-
-
148,445
-
-
-
-
-
LIQPENFUND116
ULIF04124/07/06
Liquid Pension
Fund
-
100.00%
206,470
-
-
-
-
-
-
-
206,470
-
-
3,395
-
-
5,499
-
197,576
PENSIONBUI116
ULIF06908/02/13
Pension Builder
Fund
( Rs '000)
-
4,103
8,078,171
163,868
8,857,316
213,444
76.77%
23.23%
Grand total
total
8.80%
91.20%
779,145
-
-
436,958
328,016
-
14,171
49,576
-
Total
-
Equity
Mutual fund
19,303
Money market
-
30,273
-
Corporate bonds
Other investments
Total
8,450
-
Bank fixed deposits
-
-
471,706
-
Mutual funds
5,742,948
486,419
139,173
206,234
Money market
159,765
-
Equity
-
Corporate bonds
1,023,241
pension funds
ULIF04717/04/08
PURESTKPEN116
Total (B): Linked
Pension Fund
Pure Stock
Government bonds
Particulars
2.58%
97.42%
40,152
1,035
-
-
1,035
-
-
-
39,117
-
-
4,394
17,287
-
2,085
-
15,351
ACCELEFUND116
ULGF00318/11/04
Accelerated Fund
6.20%
93.80%
2,960,343
183,600
-
-
126,838
56,762
-
-
2,776,743
34,700
-
162,308
1,925,348
55,708
154,716
9,266
434,697
GRASSALLOC116
ULGF00926/02/10
Group Asset
Allocation Fund
GRASSALLC2116
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
ULGF01710/05/13
Group Asset
Allocation Fund II
-
-
-
5.64%
94.36%
4,801
271
-
-
222
49
-
-
4,530
-
-
2,497
1,926
107
GRBALCEDGA116
ULGF01810/05/13
Group Balanced
Gain Fund
Linked group funds
-
-
-
2.77%
97.23%
133,329
3,694
-
-
645
3,049
-
-
129,635
-
-
1,997
112,687
14,951
GRBLUECHIP116
ULGF01118/04/11
Group Blue Chip
Fund
-
100.00%
2,204,315
-
-
-
-
-
-
-
2,204,315
-
-
34,554
-
-
191,766
301,273
1,676,722
GRDEBTFUND116
ULGF00426/03/08
Group Debt Fund
-
100.00%
2,989,685
-
-
-
-
-
-
-
2,989,685
178,950
-
5,566
-
-
479,305
169,574
2,156,290
GRDEBTFU02116
ULGF01924/06/13
Group Debt Fund II
( Rs '000)
147
148
25,381
-
-
Equity
Money market
Mutual funds
Bank fixed deposits
64,276
439,338
85.37%
14.63%
Total
Grand total
% of Other investments to total
-
33,554
Equity
Mutual fund
30,722
-
-
Money market
-
Corporate bonds
Other investments
375,062
334,884
Total
-
14,797
2.95%
97.05%
1,484,751
43,819
-
-
7,405
36,414
-
-
1,440,932
-
-
3,595
1,257,316
180,021
-
-
-
GREQTYFUND116
-
GREQTYINDX116
ULGF01018/04/11
-
ULGF00822/02/10
Group Equity Fund
Corporate bonds
Group Equity Index
Fund
Government bonds
Particulars
9.43%
90.57%
230,735
21,754
-
-
-
-
-
21,754
208,981
70,400
-
28,362
-
-
81,054
29,165
-
GRGROWFU02116
ULGF01311/05/11
Group Growth
Fund II
-
100.00%
399,228
-
-
-
-
-
-
-
399,228
61,400
-
337,828
-
-
-
-
-
GRLIQUFUND116
ULGF00503/11/08
Group Liquid Fund
-
100.00%
19,417
-
-
-
-
-
-
-
19,417
7,000
-
12,417
-
-
-
-
-
GRLIQUFU02116
ULGF02124/06/13
Group Liquid
Fund II
Linked group funds
-
100.00%
115,056
-
-
-
-
-
-
-
115,056
23,600
-
1,198
11,856
169
41,059
18,091
19,083
RETNSHIELD116
ULGF01421/06/11
Group Return
Shield Fund
-
100.00%
11,081
-
-
-
-
-
-
-
11,081
-
-
2,397
-
-
-
-
8,684
GRSHTRMDEB116
ULGF00628/02/09
Group Short Term
Debt Fund
-
100.00%
7,075
-
-
-
-
-
-
-
7,075
-
-
300
-
-
-
-
6,775
GRSHTRDE02116
ULGF01218/04/11
Group Short Term
Debt Fund II
-
100.00%
2,725
-
-
-
-
-
-
-
2,725
-
-
599
-
-
-
-
2,126
GRSHTRDE03116
ULGF02024/06/13
Group Short Term
Debt Fund III
( Rs '000)
234,950
-
Grand total
0.60%
99.40%
2,852,395
16,983
-
Mutual fund
Total
-
Money market
16,983
-
Equity
-
2,835,412
Corporate bonds
Other investments
Total
Bank fixed deposits
-
280,417
Mutual funds
484,397
-
Money market
486,925
Equity
132,877
1,215,846
1.35%
98.65%
1,118,458
15,096
-
-
15,096
-
-
-
1,103,362
87,500
-
25,366
367,348
-
92,729
15,405
515,014
STABLEFUND116
SECUREFUND116
Stable Fund
ULGF00115/09/04
Secure Fund
Linked group funds
ULGF00215/10/04
Corporate bonds
Government bonds
Particulars
2.33%
97.67%
15,012,884
350,528
-
-
201,778
126,996
-
21,754
14,662,356
698,500
-
929,176
4,513,049
265,753
1,529,639
675,651
9.56%
90.44%
212,522,750
20,310,073
-
-
11,111,437
8,151,698
-
1,046,938
192,212,677
5,280,000
-
11,901,625
135,303,742
9,699,574
7,906,525
3,487,540
18,633,671
(A+B+C)
Group Funds
6,050,588
Grand Total
Total (C): Linked
(Rs '000)
149
150
-
-
-
Total
-
Receivables for sale of
investments
Other current assets (for
investments)
-
Dividend receivable
Unit collection a/c
-
CAPSHIEL02116
-
ULIF04824/11/08
Capital Shield - II
-
-
-
-
-
-
-
185,594
-
100,238
83,742
983
CAPSHIEL01116
Bank balance
631
ULIF04924/11/08
Capital Shield - I
85,249
-
203
Accured interest
Particulars
Total
investments)
Unit collection a/c
82,391
investments
814
1,117
Dividend receivable
Bank balance
ACCMIDCA02116
ACCEMIDCAP116
724
ULIF05206/01/10
Acc Mid Cap Fund II
ULIF03124/07/06
Acc Mid Cap Fund
Accured interest
Particulars
Schedule F3: Current assets
36,545
-
4,957
-
-
173
31,415
CASHFUNDLI116
ULIF00215/01/04
Cash Fund
390,328
-
17,016
99,349
1,448
19,697
252,818
ASSETALLOC116
ULIF04528/09/07
Asset Allocation
Fund
59,117
-
6,357
-
-
153
52,607
CASHPLUSFU116
ULIF01023/07/04
Cash Plus Fund
47,544
-
38,872
441
15
7,439
777
ASSETALL02116
ULIF07205/12/13
Asset Allocation
Fund II
19,359
-
1,877
-
-
121
17,361
DEBTFUNDLI116
ULIF00415/01/04
Debt Fund
Linked life funds
79,880
-
4,832
-
-
254
74,794
ASSRDRETRN116
ULIF06127/01/11
Assured Return
Fund
Linked life funds
-
33,397
-
10,239
-
-
122
23,036
DEBTPLUSFU116
ULIF00923/07/04
Debt Plus Fund
34,023
-
33,341
-
336
346
BLUECHIPEQ116
ULIF06026/10/10
Blue Chip Equity
Fund
-
1,333
-
-
-
-
1,333
DISCONLIFE116
ULIF07026/03/13
Discontinued Life
Policy Fund
487,369
-
70,653
230,565
-
873
185,278
BONDFUNDLI116
ULIF02610/07/06
Bond Fund
3,303
-
2,924
-
231
148
EQUITYFUND116
-
-
-
-
-
-
-
-
ULIF00315/01/04
Equity Fund
CAPGTE2014116
ULIF04211/01/07
Capital Guarantee
Fund- 2014
-
2,672
-
2,054
-
-
618
EQGAINFUND116
ULIF00523/07/04
Equity Gain Fund
(Rs '000)
156
-
-
-
1
85
70
CAPGTE2017116
ULIF04311/01/07
Capital Guarantee
Fund- 2017
(Rs.’000)
EQTYGROW02116
EQGROWFUND116
-
-
Unit collection a/c
investments)
168
-
Total
-
investments
168
GTEBONDFND116
GROWPLUS03116
273,889
-
-
-
-
169
273,720
ULIF06322/09/11
ULIF05926/10/10
-
Guaranteed Bond
Fund
194,289
-
180,921
12,504
-
864
Growth Plus
Fund III
296,668
-
5,185
287,992
-
3,333
-
ULIF05106/01/10
ULIF02924/07/06
158
Equity Growth
Fund II
Equity Growth Fund
Dividend receivable
Bank balance
Accured interest
Particulars
Total
investments)
Unit collection a/c
investments
Dividend receivable
Bank balance
Accured interest
Particulars
-
5,769
-
-
-
-
278
5,491
LIFELOGAIN116
ULIF01123/07/04
Life Long Gain Fund
1,639
-
1,306
-
116
217
EQINDEFUND116
ULIF00623/07/04
Equity Index Fund
-
197,714
-
9,694
-
-
194
187,826
LIQUIDFUND116
ULIF02510/07/06
Liquid Fund
15,581
-
10,105
-
3,391
2,085
EQTYINDX02116
ULIF03024/07/06
Equity Index
Fund - II
-
331,344
-
27,675
-
-
4,235
299,434
MAXGAINF01116
ULIF05017/12/09
Max Gain Fund I
Linked life funds
11,660
-
1,546
9,793
129
192
EQUMIDFUND116
ULIF01709/03/05
Equity Midcap Fund
Linked life funds
-
115,787
-
13,586
-
-
440
101,761
MAXGAINF02116
ULIF05814/09/10
Max Gain Fund II
24,766
-
7,577
16,716
220
253
EQUMIDPLUS116
ULIF01809/03/05
Equity Midcap Plus
Fund
-
8,760
-
-
-
-
117
8,643
PREMIRBOND116
ULIF02821/07/06
Premier Bond Fund
45,390
-
13,181
31,348
-
861
EQPLUSFUND116
ULIF00723/07/04
Equity Plus Fund
1,453
-
-
-
-
187
1,266
PRERDEBTFU116
ULIF02317/12/05
Premier Debt Fund
19,332
-
-
-
-
141
19,191
GROWPLUS01116
ULIF05414/01/10
Growth Plus Fund I
-
-
210
-
-
-
17
193
PRMREQFUND116
ULIF02117/12/05
Premier Equity
Fund
(Rs '000)
180
-
-
-
7
173
GROWPLUS02116
ULIF05510/05/10
Growth Plus Fund II
(Rs.’000)
151
152
-
-
Unit collection a/c
investments)
Total
3,675,291
-
625,131
Unit collection a/c
investments)
904,056
9,897
62,905
2,073,302
Total (A): Linked
life funds
investments
Dividend receivable
Bank balance
Accured interest
Particulars
Linked life funds
247
-
investments
Total
-
-
ASALLOCPEN116
ACCEMIDPEN116
13,898
-
-
13,519
183
196
ULIF04628/01/08
ULIF03324/07/06
13,496
-
3,465
2,755
95
242
6,939
Asset Allocation
Pension Fund
239
-
-
-
55
184
PREREQINDX116
ULIF03924/07/06
Premier Equity
Index Fund
Acc Mid Cap
Pension Fund
-
330
-
-
-
-
330
-
PREREQGAIN116
-
ULIF03824/07/06
PREMEQGROW116
ULIF02217/12/05
247
Premier Equity
Growth Fund
Premier Equity
Gain Fund
Dividend receivable
Bank balance
Accured interest
Particulars
-
26,197
-
-
-
-
155
26,042
BONDPENFUN116
ULIF03524/07/06
Bond Pension Fund
4,599
-
1,407
-
203
2,989
PUREEQFUND116
ULIF02017/12/05
Pure Equity Fund
-
2,114
-
7
-
-
178
1,929
CASHPLUPEN116
ULIF01618/11/04
Cash Plus Pension
Fund
3,735
-
73
-
-
117
3,545
DEBTPLUPEN116
ULIF01518/11/04
Debt Plus Pension
Fund
279,704
-
-
14,096
-
139
265,469
SHIELDPL01116
ULIF05313/01/10
Shield Plus Fund I
77,179
-
59,385
4,507
1,628
11,659
PURESTKFUN116
ULIF02721/07/06
Pure Stock Fund
Linked life funds
-
68
-
23
-
-
45
DISCONPENS116
ULIF07126/03/13
Discontinued
Pension Policy Fund
98,850
-
-
11,884
-
117
86,849
SHIELDPL02116
ULIF05610/05/10
Shield Plus Fund II
-
6,173
-
5,813
-
-
360
EQTYGROPEN116
ULIF03624/07/06
Equity Growth
Pension Fund
176,653
-
-
16,375
-
197
160,081
SHIELDPL03116
ULIF05711/08/10
-
240
-
41
-
9
190
EQINDEXPEN116
ULIF01318/11/04
Equity Index
Pension Fund
(Rs '000)
27,026
-
-
2,353
-
136
24,537
SHIELDPL04116
ULIF06220/04/11
Shield Plus Fund IV
(Rs '000)
-
-
-
investments
Unit collection a/c
investments)
-
-
Dividend receivable
Total
-
Bank balance
GRBALCEDGA116
GRASSALLC2116
181
-
-
-
-
181
-
ULGF01810/05/13
ULGF01710/05/13
-
Gain Fund
Group Balanced
1,156
-
55
901
12
188
-
Allocation Fund II
Group Asset
5,865
-
5,347
Accured interest
Particulars
Total
investments)
Unit collection a/c
-
315
investments
203
EQUMIDCPEN116
EQINDPEN02116
Dividend receivable
ULIF01909/03/05
ULIF03724/07/06
-
Equity Midcap
Pension Fund
Equity Index
Pension Fund - II
Bank balance
Accured interest
Particulars
-
-
597
-
270
Group Blue Chip
-
306
-
-
-
14
292
GRBLUECHIP116
ULGF01118/04/11
Fund
327
EQUPLUSPEN116
ULIF01218/11/04
Equity Plus Pension
Fund
-
55,067
-
-
-
-
231
54,836
GRDEBTFUND116
ULGF00426/03/08
Group Debt Fund
150
-
44
-
-
106
LIQPENFUND116
ULIF04124/07/06
Liquid Pension
Fund
467,370
-
321,221
-
-
123
146,026
GRDEBTFU02116
ULGF01924/06/13
Group Debt Fund II
Linked group funds
38,103
-
32,337
-
-
137
5,629
PENSIONBUI116
ULIF06908/02/13
Pension Builder
Fund
-
-
247
-
-
-
-
247
GREQTYFUND116
ULGF01018/04/11
Group Equity Fund
22,090
-
454
-
59
21,577
PURESTKPEN116
ULIF04717/04/08
Pure Stock Pension
Fund
-
793
-
456
-
177
160
GREQTYINDX116
ULGF00822/02/10
Fund
Group Equity Index
133,884
-
47,929
17,176
673
24,021
44,085
pension funds
Total (B): Linked
30,953
-
-
-
-
201
30,752
GRGROWFU02116
ULGF01311/05/11
Fund II
Group Growth
2,038
-
1,387
-
-
188
463
ACCELEFUND116
ULGF00318/11/04
Accelerated Fund
20,775
-
-
-
-
126
20,649
GRLIQUFUND116
ULGF00503/11/08
Group Liquid Fund
(Rs '000)
37,690
-
961
6,061
202
448
30,018
GRASSALLOC116
ULGF00926/02/10
Allocation Fund
Group Asset
Linked group funds
(Rs.’000)
153
154
RETNSHIELD116
GRLIQUFU02116
Total
investments)
3,529
-
25
-
investments
Unit collection a/c
-
112
16,105
-
-
1,617
-
147
14,341
ULGF01421/06/11
ULGF02124/06/13
3,392
Group Return
Shield Fund
Group Liquid
Fund II
Dividend receivable
Bank balance
Accured interest
Particulars
409
-
-
-
-
190
219
GRSHTRMDEB116
ULGF00628/02/09
Group Short Term
Debt Fund
194
-
-
-
-
112
82
GRSHTRDE02116
ULGF01218/04/11
Group Short Term
Debt Fund II
166
-
-
-
-
140
26
GRSHTRDE03116
ULGF02024/06/13
Group Short Term
Debt Fund III
Linked group funds
213,716
-
51,431
3,500
-
658
158,127
SECUREFUND116
ULGF00215/10/04
Secure Fund
63,218
-
-
4,758
-
191
58,269
STABLEFUND116
ULGF00115/09/04
Stable Fund
912,758
-
375,481
15,936
393
3,747
517,201
Group Funds
Total (C): Linked
4,721,933
-
1,048,541
937,168
10,963
90,673
2,634,588
(A+B+C)
Grand Total
(Rs.’000)
-
Total
Unit payable a/c
Other current
liabilities
Payable for purchase
of investments
130
-
130
109,321
-
6,868
102,453
EQTYINDX02116
EQINDEFUND116
-
ULIF03024/07/06
ULIF00623/07/04
123
-
Equity Index Fund
-
Total
Particulars
-
Unit payable a/c
123
Equity Index
Fund - II
-
Other current
liabilities
-
CASHFUNDLI116
-
ULIF00215/01/04
CAPSHIEL02116
Cash Fund
10,425
-
922
ULIF04824/11/08
Capital Shield - II
35,929
Payable for purchase
of investments
Particulars
Total
Unit payable a/c
1,283
Other current
liabilities
ACCEMIDCAP116
9,503
ACCMIDCA02116
ULIF03124/07/06
34,646
ULIF05206/01/10
Acc Mid Cap Fund
Payable for
purchase of
investments
Particulars
Acc Mid Cap
Fund II
Schedule F4: Current liabilities
-
239
-
239
-
EQUMIDFUND116
ULIF01709/03/05
Equity Midcap
Fund
58
-
58
CASHPLUSFU116
ULIF01023/07/04
Cash Plus Fund
68,790
-
3,408
65,382
ASSETALLOC116
ULIF04528/09/07
Asset Allocation
Fund
47
-
-
223
-
223
EQUMIDPLUS116
ULIF01809/03/05
Equity Midcap Plus
Fund
161
-
161
DEBTFUNDLI116
ULIF00415/01/04
Debt Fund
-
47
ASSETALL02116
ULIF07205/12/13
Asset Allocation
Fund II
-
-
-
1,163
-
1,163
EQPLUSFUND116
ULIF00723/07/04
Equity Plus Fund
497
-
-
703
684
19
-
GROWPLUS01116
ULIF05414/01/10
Growth Plus Fund I
67
67
DISCONLIFE116
ULIF07026/03/13
Discontinued Life
Policy Fund
Linked life funds
71
-
71
DEBTPLUSFU116
ULIF00923/07/04
Debt Plus Fund
-
497
BLUECHIPEQ116
ULIF06026/10/10
Linked life funds
104
-
104
ASSRDRETRN116
ULIF06127/01/11
Blue Chip Equity
Fund
Linked life funds
Assured Return
Fund
-
11
-
11
-
GROWPLUS02116
ULIF05510/05/10
Growth Plus
Fund II
591
-
591
EQUITYFUND116
ULIF00315/01/04
Equity Fund
224,956
-
1,087
223,869
BONDFUNDLI116
ULIF02610/07/06
Bond Fund
-
-
-
-
-
35
19
16
-
GROWPLUS03116
ULIF05926/10/10
Growth Plus
Fund III
1,688
-
1,688
EQGAINFUND116
ULIF00523/07/04
Equity Gain Fund
CAPGTE2014116
ULIF04211/01/07
Capital Guarantee
Fund- 2014
3
299
-
299
-
GTEBONDFND116
ULIF06322/09/11
Guaranteed Bond
Fund
296,043
-
9,785
286,258
EQGROWFUND116
ULIF02924/07/06
Equity Growth
Fund
-
3
CAPGTE2017116
ULIF04311/01/07
Capital Guarantee
Fund- 2017
-
-
-
-
-
91
30
61
LIFELOGAIN116
ULIF01123/07/04
Life Long Gain
Fund
(Rs '000)
1,380
-
1,380
-
EQTYGROW02116
ULIF05106/01/10
Equity Growth
Fund II
(Rs '000)
CAPSHIEL01116
ULIF04924/11/08
Capital Shield - I
(Rs '000)
155
156
6
-
6
Other current
liabilities
Unit payable a/c
Total
DEBTPLUPEN116
29
-
-
29
DISCONPENS116
ULIF01518/11/04
-
ULIF07126/03/13
Debt Plus Pension
Fund
5,361
Discontinued
Pension Policy
Fund
5,045
-
316
17,739
704
-
SHIELDPL01116
PURESTKFUN116
17,035
ULIF05313/01/10
Shield Plus Fund I
1,587
-
1,587
ULIF02721/07/06
Pure Stock Fund
281
-
281
-
MAXGAINF01116
LIQUIDFUND116
-
ULIF05017/12/09
Max Gain Fund I
ULIF02510/07/06
Liquid Fund
Payable for
purchase of
investments
Particulars
Total
Unit payable a/c
Other current
liabilities
Payable for
purchase of
investments
Particulars
Total
Unit payable a/c
Other current
liabilities
Payable for
purchase of
investments
Particulars
-
277
-
277
-
EQTYGROPEN116
ULIF03624/07/06
Equity Growth
Pension Fund
172
67
105
SHIELDPL02116
ULIF05610/05/10
Shield Plus Fund II
-
-
10
-
10
EQINDEXPEN116
ULIF01318/11/04
Equity Index
Pension Fund
230
16
214
SHIELDPL03116
ULIF05711/08/10
214
152
62
-
PREMIRBOND116
ULIF02821/07/06
Premier Bond
Fund
Linked life funds
391
-
391
-
MAXGAINF02116
ULIF05814/09/10
Max Gain Fund II
13
Shield Plus Fund
-
-
425
-
425
EQINDPEN02116
ULIF03724/07/06
Equity Index
Pension Fund - II
12
-
12
-
EQUMIDCPEN116
ULIF01909/03/05
Equity Midcap
Pension Fund
781,596
7,820
34,633
739,143
life funds
Total (A): Linked
42
-
42
-
PRMREQFUND116
ULIF02117/12/05
Premier Equity
Fund
31
-
31
SHIELDPL04116
ULIF06220/04/11
IV
-
13
PRERDEBTFU116
ULIF02317/12/05
Premier Debt
Fund
Linked life funds
-
-
75
-
75
EQUPLUSPEN116
ULIF01218/11/04
Equity Plus
Pension Fund
2,685
2,525
160
-
ACCEMIDPEN116
ULIF03324/07/06
Acc Mid Cap
Pension Fund
81
-
81
PREREQGAIN116
ULIF02217/12/05
Premier Equity
Gain Fund
-
-
17
-
17
LIQPENFUND116
ULIF04124/07/06
Liquid Pension
Fund
219
-
219
ASALLOCPEN116
ULIF04628/01/08
Asset Allocation
Pension Fund
-
-
32
-
32
PENSIONBUI116
ULIF06908/02/13
Pension Builder
Fund
322
218
104
-
BONDPENFUN116
ULIF03524/07/06
Bond Pension
Fund
236
64
172
PREREQINDX116
ULIF03924/07/06
Premier Equity
Index Fund
1,979
1,676
303
-
PREMEQGROW116
ULIF03824/07/06
Premier Equity
Growth Fund
-
40
-
40
PURESTKPEN116
ULIF04717/04/08
Pure Stock
Pension Fund
(Rs '000)
3
-
3
-
CASHPLUPEN116
ULIF01618/11/04
Cash Plus Pension
Fund
(Rs '000)
94
-
94
-
PUREEQFUND116
ULIF02017/12/05
Pure Equity Fund
(Rs '000)
-
215
251
Total
36
Other current liabilities
Unit payable a/c
-
2
-
2
-
GRLIQUFU02116
Payable for purchase of
investments
ULGF02124/06/13
GRLIQUFUND116
6
ULGF00503/11/08
Total
Particulars
2,743
4,152
Unit payable a/c
6
Group Liquid
Fund II
1,380
Group Asset
Allocation
Fund II
-
20
-
20
RETNSHIELD116
ULGF01421/06/11
-
-
-
-
1
-
1
-
GRSHTRMDEB116
ULGF00628/02/09
-
1
-
1
-
GRSHTRDE02116
ULGF01218/04/11
Debt Fund II
Group Short Term
-
-
-
-
-
GRSHTRDE03116
ULGF02024/06/13
Debt Fund III
421
-
421
-
SECUREFUND116
ULGF00215/10/04
-
Stable Fund
1,552
230
173
1,149
STABLEFUND116
77
4
73
-
GREQTYFUND116
ULGF01018/04/11
Group Equity
Fund
ULGF00115/09/04
380
-
380
GRDEBTFU02116
ULGF01924/06/13
Group Debt
Fund II
Secure Fund
4,898
4,620
278
-
GRDEBTFUND116
ULGF00426/03/08
Group Short Term
22
-
22
GRBLUECHIP116
ULGF01118/04/11
Group Debt
Fund
Linked group funds
Group Blue Chip
Fund
Linked group funds
1
-
1
GRBALCEDGA116
ULGF01810/05/13
Group Balanced
Gain Fund
Group Short Term
Debt Fund
GRASSALLC2116
ULGF01710/05/13
Group Return
Shield Fund
458
-
458
-
GRASSALLOC116
-
ULGF00926/02/10
ACCELEFUND116
Group Asset
Allocation Fund
ULGF00318/11/04
Accelerated
Fund
Group Liquid Fund
29
funds
Linked pension
Total (B):
funds
Linked pension
Payable for purchase of
investments
Particulars
280
Total (C): Linked
8,519
5,185
2,185
1,149
Group Funds
280
GREQTYINDX116
ULGF00822/02/10
Group Equity
Index Fund
794,267
15,748
38,198
740,321
(A+B+C)
Grand Total
(Rs '000)
149
116
33
-
GRGROWFU02116
ULGF01311/05/11
Group Growth
Fund II
(Rs '000)
157
158
ACCMIDCA02116
ULIF03124/07/06
ACCEMIDCAP116
-
-
Mortality charge
2
-
2
Service tax expenses
Total
charge
-
-
Switching charge
Partial withdrawal
-
Surrender charge
10,722
-
2,389
-
2,058
6,250
25
-
-
CASHFUNDLI116
-
ULIF00215/01/04
CAPSHIEL02116
Cash Fund
101,980
-
21,965
-
826
26,825
-
-
ULIF04824/11/08
Capital Shield - II
Policy administration
charge
Particulars
134,618
-
Total
26,782
-
charge
Partial withdrawal
7,601
42,235
Mortality charge
-
74
Switching charge
52,364
ULIF05206/01/10
Acc Mid Cap Fund
57,926
Acc Mid Cap
Fund II
Surrender charge
charge
Particulars
Schedule F5: Other expenses
7,830
-
1,506
-
433
4,157
36
-
1,698
CASHPLUSFU116
ULIF01023/07/04
Cash Plus Fund
689,891
-
109,835
-
29,409
207,082
11
-
343,554
ASSETALLOC116
ULIF04528/09/07
Asset Allocation
Fund
-
-
8,923
-
2,437
-
974
5,462
50
DEBTFUNDLI116
ULIF00415/01/04
Debt Fund
4,548
-
1,686
-
1
2,335
-
-
526
ASSETALL02116
ULIF07205/12/13
Asset Allocation
Fund II
11,302
-
2,027
-
711
5,818
205
-
2,541
DEBTPLUSFU116
ULIF00923/07/04
Debt Plus Fund
DISCONLIFE116
-
-
-
-
-
-
-
-
-
ULIF07026/03/13
Discontinued Life
Policy Fund
50,957
-
11,735
-
447
15,062
-
-
23,713
BLUECHIPEQ116
ULIF06026/10/10
Linked life funds
18,995
-
4,709
-
457
13,829
-
-
-
ASSRDRETRN116
ULIF06127/01/11
Blue Chip Equity
Fund
Linked life funds
Assured Return
Fund
31,661
-
9,027
-
4,318
18,303
13
-
-
EQUITYFUND116
ULIF00315/01/04
Equity Fund
234,520
-
41,024
-
9,480
91,139
88
-
92,789
BONDFUNDLI116
ULIF02610/07/06
Bond Fund
65,705
-
22,192
-
6,724
36,723
66
-
-
EQGAINFUND116
ULIF00523/07/04
Equity Gain Fund
16
-
2
-
-
9
-
-
5
CAPGTE2014116
ULIF04211/01/07
Capital Guarantee
Fund- 2014
1,250,638
-
230,914
-
63,340
398,664
58
-
557,662
EQGROWFUND116
ULIF02924/07/06
Equity Growth
Fund
697
-
102
-
-
265
-
-
330
CAPGTE2017116
ULIF04311/01/07
Capital Guarantee
Fund- 2017
-
-
-
-
-
-
151,504
-
33,876
-
826
41,279
-
-
75,523
EQTYGROW02116
ULIF05106/01/10
Equity Growth
Fund II
(Rs ‘000)
1
-
1
CAPSHIEL01116
ULIF04924/11/08
Capital Shield - I
(Rs ‘000)
EQTYINDX02116
EQINDEFUND116
7,808
1,269
Mortality charge
MAXGAINF01116
Mortality charge
Total
87,247
-
-
13,560
4,971
110
31,430
Switching charge
-
169,485
-
33,247
-
545
10,054
-
-
125,639
ULIF05017/12/09
Max Gain Fund I
1,703,161
-
256,118
-
76,141
LIQUIDFUND116
37,176
92
-
517,533
ULIF02510/07/06
Liquid Fund
Surrender charge
charge
Particulars
18,133
-
Total
3,258
-
75
Switching charge
-
853,277
ULIF03024/07/06
ULIF00623/07/04
5,723
Equity Index
Fund - II
Equity Index
Fund
Surrender charge
Particulars
45,248
-
9,444
-
-
23,394
-
-
12,410
MAXGAINF02116
ULIF05814/09/10
Max Gain Fund II
9,972
-
3,204
-
1,352
5,411
5
-
-
EQUMIDFUND116
ULIF01709/03/05
Equity Midcap
Fund
431
-
629
-
-
852
5
-
(1,055)
PREMIRBOND116
ULIF02821/07/06
Premier Bond
Fund
13,073
-
3,436
-
1,185
5,348
53
-
3,051
EQUMIDPLUS116
ULIF01809/03/05
Equity Midcap
Plus Fund
968
-
233
-
-
235
1
-
499
PRERDEBTFU116
ULIF02317/12/05
Premier Debt
Fund
3,017
-
734
-
-
698
1
-
1,584
PRMREQFUND116
ULIF02117/12/05
Premier Equity
Fund
3,004
-
520
-
-
443
-
-
2,041
GROWPLUS01116
ULIF05414/01/10
Growth Plus
Fund I
Linked life funds
76,895
-
19,070
-
6,062
32,920
116
-
18,727
EQPLUSFUND116
ULIF00723/07/04
Equity Plus Fund
Linked life funds
5,214
-
1,310
-
-
985
1
-
2,918
PREREQGAIN116
ULIF02217/12/05
Premier Equity
Gain Fund
1,566
-
271
-
-
168
-
-
1,127
GROWPLUS02116
ULIF05510/05/10
Growth Plus
Fund II
(6,880)
-
1,985
-
-
4,041
4
-
(12,910)
PREMEQGROW116
ULIF03824/07/06
Premier Equity
Growth Fund
1,393
-
279
-
6
157
-
-
951
GROWPLUS03116
ULIF05926/10/10
Growth Plus
Fund III
(872)
-
1,583
-
-
3,239
2
-
(5,696)
PREREQINDX116
ULIF03924/07/06
Premier Equity
Index Fund
38,786
-
6,746
-
-
271
-
-
31,769
GTEBONDFND116
ULIF06322/09/11
Guaranteed Bond
Fund
-
-
-
21,913
-
3,198
-
531
6,454
-
-
11,730
PUREEQFUND116
ULIF02017/12/05
Pure Equity Fund
(Rs ‘000)
632
-
633
-
-
(1)
LIFELOGAIN116
ULIF01123/07/04
Life Long Gain
Fund
(Rs ‘000)
159
160
Mortality charge
-
21
376
-
Total
99
-
72
Mortality charge
1
183
Switching charge
-
DEBTPLUPEN116
1
-
1
-
-
-
-
-
DISCONPENS116
ULIF01518/11/04
-
ULIF07126/03/13
Debt Plus Pension
Fund
Surrender charge
charge
Particulars
47,801
-
8,193
-
-
8,007
-
-
Discontinued
Pension Policy
Fund
134,664
Total
22,385
-
3,189
15
37,789
Switching charge
-
31,601
SHIELDPL01116
71,286
ULIF05313/01/10
PURESTKFUN116
Shield Plus Fund I
ULIF02721/07/06
Pure Stock Fund
Surrender charge
charge
Particulars
13,977
-
4,527
-
47
1,107
7
-
8,289
EQTYGROPEN116
ULIF03624/07/06
Equity Growth
Pension Fund
14,913
-
2,577
-
-
1,523
-
-
10,813
SHIELDPL02116
ULIF05610/05/10
Shield Plus Fund II
568
-
165
-
42
97
-
-
264
EQINDEXPEN116
ULIF01318/11/04
Equity Index
Pension Fund
24,936
-
4,566
-
111
3,942
-
-
16,317
SHIELDPL03116
ULIF05711/08/10
Shield Plus
Fund III
Linked life funds
5,192,315
33,358
-
8,815
-
188
3,508
5
-
20,842
EQINDPEN02116
ULIF03724/07/06
Equity Index
Pension Fund - II
-
919,998
-
222,993
1,618,631
1,106
-
2,429,587
life funds
Total (A): Linked
317
-
143
-
8
34
-
-
132
EQUMIDCPEN116
ULIF01909/03/05
Equity Midcap
Pension Fund
Linked pesion funds
3,105
-
608
-
26
493
-
-
1,978
SHIELDPL04116
ULIF06220/04/11
IV
Shield Plus Fund
2,160
-
924
-
96
245
1
-
894
EQUPLUSPEN116
ULIF01218/11/04
Pension Fund
Equity Plus
7,385
-
2,505
-
112
929
9
-
3,830
ACCEMIDPEN116
ULIF03324/07/06
Acc Mid Cap
Pension Fund
1,070
-
394
-
7
97
8
-
564
LIQPENFUND116
ULIF04124/07/06
Fund
Liquid Pension
15,662
-
4,348
-
128
2,367
1
-
8,818
ASALLOCPEN116
ULIF04628/01/08
Asset Allocation
Pension Fund
2,868
-
2,614
-
-
171
-
-
83
PENSIONBUI116
ULIF06908/02/13
Fund
Pension Builder
4,761
-
1,782
-
28
514
11
-
2,426
BONDPENFUN116
ULIF03524/07/06
Bond Pension
Fund
1,453
-
550
-
18
144
1
-
740
PURESTKPEN116
ULIF04717/04/08
Pension Fund
Pure Stock
( Rs '000)
174
-
48
-
4
30
1
-
91
CASHPLUPEN116
ULIF01618/11/04
Cash Plus Pension
Fund
( Rs '000)
-
GRGROWFU02116
GREQTYINDX116
28,335
Mortality charge
42,978
-
Total
8,287
-
441
-
-
Switching charge
634
-
346
-
-
226
-
-
62
ULGF01311/05/11
ULGF00822/02/10
186
-
85
-
-
92
-
-
4,022
-
921
-
6
2,853
-
-
242
GRLIQUFUND116
ULGF00503/11/08
Group Liquid Fund
51,618
-
10,871
-
256
35,311
-
-
5,180
GRASSALLOC116
9
ULGF00926/02/10
ACCELEFUND116
Group Growth
Fund II
5,915
Group Asset
Allocation Fund
ULGF00318/11/04
Accelerated Fund
Group Equity Index
Fund
Surrender charge
charge
Particulars
84,130
Total
26,915
-
699
9,315
Mortality charge
-
45
Switching charge
47,156
pension funds
Total (B): Linked
Linked pesion funds
Surrender charge
charge
Particulars
Group Asset
-
-
-
-
-
-
-
-
-
-
-
9
-
-
-
31
-
22
GRLIQUFU02116
ULGF02124/06/13
GRASSALLC2116
ULGF01710/05/13
Allocation Fund II
-
-
-
-
-
-
917
-
272
-
-
645
RETNSHIELD116
ULGF01421/06/11
Fund
Group Return Shield
Linked group funds
40
-
12
-
-
28
GRBALCEDGA116
ULGF01810/05/13
Gain Fund
Group Balanced
-
-
973
-
345
Group Short Term
300
-
47
-
-
239
-
-
14
GRSHTRMDEB116
ULGF00628/02/09
Debt Fund
-
-
-
628
GRBLUECHIP116
ULGF01118/04/11
Fund
Group Blue Chip
Linked group funds
-
-
-
33
-
10
-
-
23
GRSHTRDE02116
ULGF01218/04/11
Debt Fund II
Group Short Term
19,229
-
5,093
-
3
13,511
-
-
622
GRDEBTFUND116
ULGF00426/03/08
Group Debt Fund
-
-
-
-
-
-
63
-
10
-
-
53
GRSHTRDE03116
ULGF02024/06/13
Debt Fund III
Group Short Term
5,851
-
2,127
-
-
3,724
GRDEBTFU02116
ULGF01924/06/13
Group Debt Fund II
-
-
-
9,676
-
4,146
-
-
4,741
-
-
789
SECUREFUND116
ULGF00215/10/04
Secure Fund
(Rs '000)
2,547
-
1,005
-
1
1,541
GREQTYFUND116
ULGF01018/04/11
Group Equity Fund
(Rs '000)
161
162
2,076
-
Total
1,670
-
396
Mortality charge
-
-
-
Switching charge
10
STABLEFUND116
ULGF00115/09/04
Stable Fund
141,174
-
35,269
-
707
92,355
-
-
5,417,619
-
982,182
-
224,399
1,720,301
1,151
-
2,489,586
(A+B+C)
12,843
Grand Total
Group Funds
(Rs '000)
Total (C): Linked
Linked group funds
Surrender charge
charge
Particulars
ACCMIDCA02116
ACCEMIDCAP116
1,111,028
F -3
F -4
Current assets
272,591
179,174
24.2381
210,732
5,107,740
13.6409
251,188
3,426,432
3,426,432
(112,152)
160,439
128,023
3,538,584
307,197
5,107,740
155,683
3,426,432
4,979,717
Total
Net current assets
F -2
Investments
3,010,627
5,107,740
3,270,749
ACCMIDCA02116
2,097,113
ULIF05206/01/10
ACCEMIDCAP116
Acc Mid Cap Fund II
ULIF03124/07/06
Total
F -1
Schedule
Revenue account
Sources of funds
Particulars
Acc Mid Cap Fund
155,683
(394,500)
2,158,828
3,010,627
550,183
851,799
152,780
259,229
112,147
40,633
-
702,963
541,678
58,679
4,957
23,735
72,506
Total expenses (B)
172,538
Other charges
86,691
Expenses
Total income (A)
(172)
(62,269)
31,340
120,130
1,408
ULIF05206/01/10
ULIF03124/07/06
1,618
Acc Mid Cap Fund II
Acc Mid Cap Fund
1,020,381
F -5
Schedule
Dividend income
Interest income
Particulars
Fund Revenue Account For The Year Ended March 31, 2014
Annexure 3 refer schedule 16 Note 3.21 and 3.22
16.9055
1,410,989
23,853,420
23,853,420
559,667
341,209
900,876
23,293,753
23,853,420
3,078,455
20,774,965
ASSETALLOC116
ULIF04528/09/07
Asset Allocation
Fund
FORM A-BS (UL)
3,078,455
89,430
2,989,025
1,382,206
1,059,655
322,551
-
4,371,231
1,662,603
230,954
1,247,827
112,109
313,887
803,851
ASSETALLOC116
ULIF04528/09/07
Asset Allocation
Fund
Form A-RA (UL)
12
-
-
-
-
-
-
-
-
-
10.0000
105
1,050
1,050
1,050
-
1,050
-
1,050
(12)
1,062
ASSETALL02116
ULIF07205/12/13
Asset Allocation
Fund II
12.3146
44,558
548,707
548,707
52,974
83
53,057
495,733
548,707
(7,258)
555,965
ASSRDRETRN116
ULIF06127/01/11
Assured Return Fund
(7,258)
(1,262)
(5,996)
33,022
27,242
5,780
-
27,026
(13,954)
-
(416)
4,467
-
36,929
ASSRDRETRN116
ULIF06127/01/11
Assured Return Fund
Linked life funds
(12)
-
(12)
12
ASSETALL02116
ULIF07205/12/13
Asset Allocation
Fund II
Linked life funds
842
11.7280
203,028
2,381,101
2,381,101
26,622
363
26,985
2,354,479
2,381,101
351,679
2,029,422
BLUECHIPEQ116
ULIF06026/10/10
351,679
8,648
343,031
79,080
52,466
26,614
-
422,111
314,248
(3,327)
64,186
13,953
32,209
BLUECHIPEQ116
ULIF06026/10/10
1,094,598
18.9023
481,529
9,102,021
9,102,021
285,201
292,477
577,678
8,816,820
9,102,021
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
14,534
(14,534)
CAPGTE2012116
ULIF04411/01/07
Capital Guarantee
Fund- 2012
(Rs ‘000)
14,534
14,534
CAPGTE2012116
ULIF04411/01/07
8,007,423
BONDFUNDLI116
ULIF02610/07/06
Bond Fund
1,094,598
945,179
149,419
388,777
302,511
86,266
-
538,196
(97,524)
(17)
(174,474)
87,922
-
722,289
BONDFUNDLI116
ULIF02610/07/06
Bond Fund
(Rs '000)
163
164
25
113
785
15.9334
35
557
16.8823
1,130
19,078
19,078
557
72
343
Total
231
18,919
-
19,078
12,532
900
557
1,466
159
F -4
CAPGTE2017116
CAPGTE2014116
6,546
ULIF04311/01/07
ULIF04211/01/07
(909)
Capital Guarantee
Fund- 2017
(343)
F -3
Net current assets
F -2
Current assets
F -1
Schedule
Investments
Total
Revenue account
Sources of funds
Particulars
Capital Guarantee
Fund- 2014
12,532
1,466
11,209
1,323
1,048
1,381
85
143
263
-
2,371
1,067
85
74
21
123
1,001
Total expenses (B)
Other charges
30
228
(185)
Expenses
Total income (A)
233
22
11
CAPGTE2017116
CAPGTE2014116
122
ULIF04311/01/07
ULIF04211/01/07
Dividend income
F -5
Schedule
Interest income
Particulars
Capital Guarantee
Fund- 2017
Capital Guarantee
Fund- 2014
Capital Shield - I
15.8541
393
6,237
6,237
(72,229)
72,239
10
78,466
6,237
357,382
(351,145)
CAPSHIEL01116
ULIF04924/11/08
Capital Shield - II
14.6902
605
8,892
8,892
(78,982)
78,982
-
87,874
8,892
214,564
(205,672)
CAPSHIEL02116
ULIF04824/11/08
18.4565
31,289
577,484
577,484
73,133
152
73,285
504,351
577,484
360,552
216,932
CASHFUNDLI116
ULIF00215/01/04
Cash Fund
360,552
333,563
26,989
26,401
13,322
5,813
7,266
53,390
-
-
355
36,942
-
16,093
CASHFUNDLI116
ULIF00215/01/04
Linked life funds
214,564
242,505
(27,941)
16,250
1,788
14,462
-
(11,691)
(211,343)
14,259
161,637
19,944
-
3,812
CAPSHIEL02116
ULIF04824/11/08
Cash Fund
Linked life funds
Capital Shield - II
FORM A-BS (UL)
357,382
318,719
38,663
19,007
2,091
16,916
-
57,670
4,609
7,718
(2,529)
7,418
1,792
38,662
CAPSHIEL01116
ULIF04924/11/08
Capital Shield - I
Form A-RA (UL)
21.4018
41,169
881,087
881,087
80,141
74
80,215
800,946
881,087
795,529
85,558
CASHPLUSFU116
ULIF01023/07/04
Cash Plus Fund
795,529
730,701
64,828
15,279
9,195
6,084
-
80,107
-
-
547
53,659
-
25,901
CASHPLUSFU116
ULIF01023/07/04
Cash Plus Fund
17.5146
35,248
617,355
617,355
24,002
169
24,171
593,353
617,355
447,566
169,789
DEBTFUNDLI116
ULIF00415/01/04
Debt Fund
447,566
435,311
12,255
25,636
10,923
6,539
8,174
37,891
(10,959)
(1,082)
(7,330)
2,040
-
55,222
DEBTFUNDLI116
ULIF00415/01/04
Debt Fund
20.4735
43,942
899,635
899,635
45,517
591
46,108
854,118
899,635
706,175
193,460
DEBTPLUSFU116
ULIF00923/07/04
Debt Plus Fund
(Rs ‘000)
706,175
670,547
35,628
20,053
13,494
6,559
-
55,681
(10,456)
(891)
(14,445)
3,769
-
77,704
DEBTPLUSFU116
ULIF00923/07/04
Debt Plus Fund
(Rs ‘000)
EQGAINFUND116
EQUITYFUND116
3,916
35,201
425,847
Total income (A)
37,801
Other charges
26,852
30.1438
71,914
2,167,773
44.7445
99,007
4,430,003
4,430,003
2,167,773
Total
62,116
4,897
92,946
1,403
30,830
F -4
4,399,173
2,171,267
4,430,003
(3,494)
F -3
Current assets
Net current assets
F -2
Investments
2,167,773
Total
5,114,115
(684,112)
EQGAINFUND116
EQUITYFUND116
(704,226)
ULIF00523/07/04
ULIF00315/01/04
2,871,999
F -1
Schedule
Equity Gain Fund
Equity Fund
Revenue account
Sources of funds
Particulars
5,114,115
2,871,999
880,872
4,233,243
338,174
2,533,825
199,681
78,145
66,292
55,244
1,080,553
459,646
87,673
22,165
Total expenses (B)
27,707
Expenses
288,614
(13,641)
504,794
14,398
73,313
1,550
ULIF00523/07/04
ULIF00315/01/04
119
Equity Gain Fund
Equity Fund
111,638
F -5
Schedule
Dividend income
Interest income
Particulars
22.2220
2,046,600
45,479,456
45,479,456
(326,006)
938,084
612,078
45,805,462
45,479,456
23,054,807
22,424,649
EQGROWFUND116
ULIF02924/07/06
Equity Growth Fund
FORM A-BS (UL)
23,054,807
15,142,185
7,912,622
2,570,169
1,736,275
833,894
-
10,482,791
4,004,254
890,001
4,536,660
214,802
790,281
46,793
EQGROWFUND116
ULIF02924/07/06
Equity Growth Fund
Form A-RA (UL)
ULIF05106/01/10
16.8904
343,519
5,802,172
5,802,172
69,341
30,435
99,776
5,732,831
5,802,172
1,466,886
4,335,286
EQTYGROW02116
ULIF05106/01/10
41.3399
26,007
1,075,127
1,075,127
261
2,018
2,279
1,074,866
1,075,127
1,324,659
(249,532)
EQINDEFUND116
ULIF00623/07/04
Equity Index Fund
1,324,659
1,146,967
177,692
34,358
23,193
11,165
-
212,050
3,080
136,623
52,382
2,059
17,834
72
EQINDEFUND116
ULIF00623/07/04
Linked life funds
1,466,886
428,226
1,038,660
245,850
170,270
75,580
-
1,284,510
656,087
245,785
261,101
29,888
89,970
1,679
EQTYGROW02116
Equity Index Fund
Linked life funds
Equity Growth
Fund II
21.5425
2,310,270
49,769,060
49,769,060
951,191
209,943
1,161,134
48,817,869
49,769,060
7,223,383
42,545,677
EQTYINDX02116
ULIF03024/07/06
7,223,383
350,450
6,872,933
3,212,556
2,526,770
685,786
-
10,085,489
3,169,721
2,191,750
3,748,842
82,280
881,988
10,908
EQTYINDX02116
ULIF03024/07/06
32.4660
19,446
631,342
631,342
(18,904)
301,997
283,093
650,246
631,342
933,882
(302,540)
EQUMIDFUND116
ULIF01709/03/05
Equity Midcap Fund
933,882
841,197
92,685
28,954
11,981
9,258
7,715
121,639
119,330
(18,896)
(1,756)
4,343
17,967
651
EQUMIDFUND116
ULIF01709/03/05
Equity Midcap Fund
43.0778
23,116
995,788
995,788
155,695
229,850
385,545
840,093
995,788
2,139,759
(1,143,971)
EQUMIDPLUS116
ULIF01809/03/05
Equity Midcap Plus
Fund
(Rs ‘000)
2,139,759
1,963,742
176,017
28,947
14,640
14,307
-
204,964
207,248
(25,725)
(11,526)
6,668
27,850
449
EQUMIDPLUS116
ULIF01809/03/05
Equity Midcap Plus
Fund
(Rs ‘000)
165
166
GROWPLUS01116
EQPLUSFUND116
1,263,204
95,595
Other charges
116,746
49.6833
5,800,324
13.0838
11,227
146,886
146,886
5,800,324
Total
607
41,340
18,994
82,164
18,387
F -4
128,499
5,759,500
146,886
37,153
109,733
40,824
F -3
Current assets
Net current assets
F -2
Investments
5,800,324
Total
(2,687,861)
ULIF05414/01/10
GROWPLUS01116
EQPLUSFUND116
Growth Plus Fund I
ULIF00723/07/04
8,488,185
F -1
Schedule
Revenue account
Sources of funds
Particulars
Equity Plus Fund
8,488,185
37,153
7,408,286
5,434
31,719
1,079,899
6,684
4,342
2,342
-
12,118
(2,497)
(614)
-
408
-
183,305
Total expenses (B)
87,710
Expenses
Total income (A)
273,159
(127,206)
31,007
147,122
14,821
ULIF05414/01/10
ULIF00723/07/04
2,035
Growth Plus Fund I
Equity Plus Fund
937,087
F -5
Schedule
Dividend income
Interest income
Particulars
11.5304
5,297
61,074
61,074
(166)
205
39
61,240
61,074
488
60,586
ROWPLUS02116
ULIF05510/05/10
Growth Plus Fund II
14.9246
4,169
62,224
62,224
(780)
780
-
63,004
62,224
17,218
45,006
GROWPLUS03116
ULIF05926/10/10
11.9195
184,383
2,197,741
2,197,741
192,126
722
192,848
2,005,615
2,197,741
228,690
1,969,051
GTEBONDFND116
ULIF06322/09/11
Guaranteed Bond
Fund
228,690
153,455
75,235
60,637
39,029
21,608
-
135,872
(60,950)
-
5
8,630
-
188,187
GTEBONDFND116
ULIF06322/09/11
Linked life funds
17,218
6,015
11,203
2,080
1,336
744
-
13,283
5,728
6,338
(85)
378
889
35
GROWPLUS03116
ULIF05926/10/10
Guaranteed Bond
Fund
Linked life funds
FORM A-BS (UL)
488
(9,796)
10,284
2,711
1,886
825
-
12,995
12,013
565
-
141
257
19
GROWPLUS02116
ULIF05510/05/10
Growth Plus Fund II
Form A-RA (UL)
15.1769
14,732
223,589
223,589
9,463
46,864
56,327
214,126
223,589
75,955
147,634
LIFELOGAIN116
ULIF01123/07/04
Life Long Gain Fund
75,955
74,756
1,199
6,170
1,038
2,281
2,851
7,369
(6,672)
(28)
(5,130)
853
-
18,346
LIFELOGAIN116
ULIF01123/07/04
Life Long Gain Fund
Liquid Fund
18.9834
146,956
2,789,725
2,789,725
118,245
325
118,570
2,671,480
2,789,725
61,857
2,727,868
LIQUIDFUND116
ULIF02510/07/06
Liquid Fund
61,857
(38,116)
99,973
144,864
119,924
24,940
-
244,837
-
-
2,065
148,895
-
93,877
LIQUIDFUND116
ULIF02510/07/06
13.6376
657,636
8,968,592
8,968,592
425,165
2,911
428,076
8,543,427
8,968,592
720,195
8,248,397
MAXGAINF01116
ULIF05017/12/09
Max Gain Fund I
(Rs ‘000)
720,195
(459,979)
1,180,174
394,551
258,127
113,686
22,738
1,574,725
984,420
28,100
273,432
46,918
115,883
125,972
MAXGAINF01116
ULIF05017/12/09
Max Gain Fund I
(Rs ‘000)
240,995
Total income (A)
50,540
Other charges
1,432
129,624
12.5676
1,629,072
16.4166
12,752
209,339
209,339
1,629,072
926
296
Total
8,442
201,823
113,349
209,339
108,212
1,516,019
1,629,072
129,608
7,516
F -4
PREMIRBOND116
MAXGAINF02116
101,127
ULIF02821/07/06
ULIF05814/09/10
1,499,464
Premier Bond Fund
Max Gain Fund II
113,053
F -3
Net current assets
F -2
Current assets
F -1
Schedule
Investments
Total
Revenue account
Sources of funds
Particulars
108,212
129,608
5,113
103,099
168,955
(39,347)
10,169
3,610
6,559
-
15,282
(3,769)
(291)
(1,666)
72,040
Total expenses (B)
3,583
17,917
Expenses
(3,064)
188,537
8,257
24,249
-
19,576
PREMIRBOND116
MAXGAINF02116
6,663
ULIF02821/07/06
ULIF05814/09/10
16,353
Premier Bond Fund
Max Gain Fund II
Dividend income
F -5
Schedule
Interest income
Particulars
17.8277
3,092
55,129
55,129
2,433
367
2,800
52,696
55,129
58,087
(2,958)
PRERDEBTFU116
LIF02317/12/05
Premier Debt Fund
FORM A-BS (UL)
58,087
56,600
1,487
2,597
1,231
1,366
-
4,084
(845)
(100)
(312)
451
-
4,890
PRERDEBTFU116
ULIF02317/12/05
Premier Debt Fund
Form A-RA (UL)
22.2942
7,194
160,372
160,372
(1,000)
1,104
104
161,372
160,372
229,501
(69,129)
RMREQFUND116
ULIF02117/12/05
Premier Equity Fund
27.8609
10,161
283,083
283,083
(1,389)
4,703
3,314
284,472
283,083
481,722
(198,639)
PREREQGAIN116
ULIF02217/12/05
Premier Equity Gain
Fund
481,722
436,870
44,852
12,737
5,931
6,806
-
57,589
16,877
21,572
12,839
1,546
4,560
195
PREREQGAIN116
ULIF02217/12/05
Premier Equity Gain
Fund
Linked life funds
229,501
202,717
26,784
7,620
3,638
3,982
-
34,404
(7,242)
31,573
6,958
259
2,833
23
PRMREQFUND116
ULIF02117/12/05
Premier Equity Fund
Linked life funds
21.4163
38,623
827,170
827,170
(3,374)
13,056
9,682
830,544
827,170
708,493
118,677
PREMEQGROW116
ULIF03824/07/06
Premier Equity Growth
Fund
708,493
579,604
128,889
43,300
18,543
24,757
-
172,189
42,396
67,120
43,367
4,808
14,273
225
PREMEQGROW116
ULIF03824/07/06
Premier Equity Growth
Fund
51
19.3858
28,556
553,571
553,571
(2,049)
2,411
362
555,620
553,571
254,135
299,436
PREREQINDX116
ULIF03924/07/06
Fund
254,135
169,078
85,057
30,725
13,689
17,036
-
115,782
(17,136)
98,035
23,737
1,012
10,083
PREREQINDX116
ULIF03924/07/06
Fund
-
30.1556
14,790
446,007
446,007
17,787
417
18,204
428,220
446,007
352,350
93,657
PUREEQFUND116
ULIF02017/12/05
Pure Equity Fund
(Rs ‘000)
352,350
287,258
65,092
36,427
29,440
6,987
-
101,519
8,993
23,197
58,992
2,708
7,629
PUREEQFUND116
ULIF02017/12/05
Pure Equity Fund
(Rs ‘000)
167
168
512,815
856,451
112,996
28.7478
3,248,395
13.2607
159,963
2,121,234
2,121,234
3,248,395
Total
7,156
261,753
2,743
F -4
268,909
1,859,481
2,121,234
512,815
89,130
91,873
F -3
Net current assets
3,159,265
F -2
3,248,395
856,451
1,608,419
SHIELDPL01116
PURESTKFUN116
2,391,944
ULIF05313/01/10
ULIF02721/07/06
Current assets
F -1
Schedule
Investments
Total
Revenue account
Sources of funds
Particulars
Shield Plus Fund I
403,365
318,132
Pure Stock Fund
109,450
538,319
93,715
220,570
61,494
32,221
-
203,165
(31,625)
10,369
23,901
24,302
6,458
Total expenses (B)
175,354
Other charges
45,216
Expenses
758,889
Total income (A)
89,718
80,064
513,550
21,482
SHIELDPL01116
PURESTKFUN116
169,760
ULIF05313/01/10
ULIF02721/07/06
-
Shield Plus Fund I
Pure Stock Fund
54,075
F -5
Schedule
Dividend income
Interest income
Particulars
13.3011
51,452
684,364
684,364
92,356
603
92,959
592,008
684,364
146,316
538,048
SHIELDPL02116
ULIF05610/05/10
Shield Plus Fund II
12.9566
93,371
1,209,769
1,209,769
152,167
1,938
154,105
1,057,602
1,209,769
200,772
1,008,997
SHIELDPL03116
ULIF05711/08/10
Shield Plus Fund II
Linked life funds
200,772
132,274
68,498
43,050
26,747
16,303
-
111,548
(18,566)
3,380
25,328
9,454
4,176
87,776
SHIELDPL03116
ULIF05711/08/10
FORM A-BS (UL)
146,316
103,032
43,284
29,203
18,840
10,363
-
72,487
(8,721)
(690)
17,050
8,105
2,414
54,329
SHIELDPL02116
ULIF05610/05/10
Shield Plus Fund II
Linked life funds
Form A-RA (UL)
12.5392
13,531
169,670
169,670
20,559
28
20,587
149,111
169,670
25,858
143,812
SHIELDPL04116
ULIF06220/04/11
Shield Plus Fund IV
25,858
17,214
8,644
5,418
3,186
2,232
-
14,062
(2,900)
(48)
3,107
276
355
13,272
SHIELDPL04116
ULIF06220/04/11
Shield Plus Fund IV
9,513,070
189,628,847
189,628,847
3,423,903
3,147,361
6,571,264
186,204,944
189,628,847
68,417,623
121,211,224
funds
68,417,623
42,140,864
26,276,759
10,235,684
7,310,877
2,789,529
135,278
36,512,443
12,856,789
4,689,734
12,362,762
1,093,009
2,862,422
2,647,727
Total (A):
Linked life funds
571
25.9583
37,855
982,644
982,644
5,983
24,604
30,587
976,661
982,644
340,482
642,162
ACCEMIDPEN116
ULIF03324/07/06
Acc Mid Cap Pension
Fund
15.8834
119,401
1,896,483
1,896,483
23,120
8,870
31,990
1,873,363
1,896,483
842,410
1,054,073
ASALLOCPEN116
ULIF04628/01/08
Asset Allocation
Pension Fund
(Rs ‘000)
842,410
545,008
297,402
50,724
23,110
27,614
-
348,126
112,979
24,635
105,083
9,331
25,881
70,217
ASALLOCPEN116
ULIF04628/01/08
340,482
136,796
203,686
22,614
9,520
13,094
-
226,300
190,687
77
3,492
6,879
24,594
ACCEMIDPEN116
ULIF03324/07/06
Asset Allocation
Pension Fund
Acc Mid Cap Pension
Fund
(Rs '000)
BONDPENFUN116
19.4613
72,725
1,415,316
21.6157
1,681
36,326
36,326
1,415,316
194
43,299
Total
4,818
31,702
37,041
36,326
52,007
1,421,574
1,415,316
607,119
4,624
F -4
CASHPLUPEN116
BONDPENFUN116
(15,681)
ULIF01618/11/04
ULIF03524/07/06
808,197
Cash Plus Pension
Fund
Bond Pension Fund
(6,258)
F -3
Net current assets
F -2
Current assets
F -1
Schedule
Investments
Total
Revenue account
Sources of funds
Particulars
52,007
607,119
2,968
49,039
85,872
521,247
467
212
255
-
3,435
-
-
40
2,581
-
25,737
Total expenses (B)
7,926
Other charges
17,811
Expenses
111,609
Total income (A)
(5,061)
(19,743)
10,992
-
814
CASHPLUPEN116
ULIF03524/07/06
155,742
ULIF01618/11/04
Bond Pension Fund
(30,321)
F -5
Schedule
Dividend income
Interest income
Particulars
Cash Plus Pension
Fund
21.3610
3,226
68,913
68,913
907
246
1,153
68,006
68,913
75,434
(6,521)
DEBTPLUPEN116
ULIF01518/11/04
Debt Plus Pension
Fund
FORM A-BS (UL)
75,434
71,773
3,661
978
472
506
-
4,639
(226)
(18)
(1,221)
905
-
5,199
DEBTPLUPEN116
ULIF01518/11/04
Debt Plus Pension
Fund
Form A-RA (UL)
25.0265
76,711
1,919,797
1,919,797
11,322
16,897
28,219
1,908,475
1,919,797
2,058,465
(138,668)
EQTYGROPEN116
ULIF03624/07/06
Equity Growth
Pension Fund
13
36.5967
2,285
83,605
83,605
(328)
406
78
83,933
83,605
129,872
(46,267)
EQINDEXPEN116
ULIF01318/11/04
Fund
129,872
115,526
14,346
1,499
683
816
-
15,845
1,514
9,361
3,508
168
1,281
EQINDEXPEN116
ULIF01318/11/04
2,058,465
1,640,451
418,014
50,253
21,036
29,217
-
468,267
158,963
145,666
117,600
9,065
36,344
629
EQTYGROPEN116
ULIF03624/07/06
Fund
Equity Growth
Pension Fund
153
21.4833
179,653
3,859,549
3,859,549
(20,297)
22,823
2,526
3,879,846
3,859,549
1,904,517
1,955,032
EQINDPEN02116
ULIF03724/07/06
Fund - II
1,904,517
1,183,737
720,780
107,282
51,788
55,494
-
828,062
80,772
505,457
163,137
6,661
71,882
EQINDPEN02116
ULIF03724/07/06
Fund - II
51
48.9020
1,011
49,424
49,424
(562)
562
-
49,986
49,424
146,842
(97,418)
EQUMIDCPEN116
ULIF01909/03/05
Fund
146,842
137,024
9,818
1,079
339
740
-
10,897
12,280
893
(3,821)
322
1,172
EQUMIDCPEN116
ULIF01909/03/05
Fund
51.7640
6,856
354,908
354,908
(1,529)
5,663
4,134
356,437
354,908
805,469
(450,561)
EQUPLUSPEN116
ULIF01218/11/04
Equity Plus Pension
Fund
(Rs ‘000)
805,469
742,592
62,877
7,792
2,457
5,335
-
70,669
25,096
22,435
15,541
2,078
5,231
288
EQUPLUSPEN116
ULIF01218/11/04
Equity Plus Pension
Fund
(Rs ‘000)
169
170
PURESTKPEN116
LIQPENFUND116
1,286
Other charges
-
-
19.1004
17,565
335,501
22.3813
10,439
233,646
233,646
335,501
39
221
Total
35,920
197,765
23,837
233,646
77,763
311,885
335,501
80,637
35,881
F -4
PURESTKPEN116
LIQPENFUND116
155,883
ULIF04717/04/08
ULIF04124/07/06
254,864
Pure Stock Pension
Fund
Liquid Pension Fund
23,616
F -3
Net current assets
F -2
Current assets
F -1
Schedule
Investments
Total
Revenue account
Sources of funds
Particulars
77,763
80,637
36,087
60,527
41,676
20,110
5,473
2,087
3,386
-
47,149
23,362
4,326
16,679
3,705
Total expenses (B)
2,419
Expenses
23,815
-
Total income (A)
-
238
16,804
-
2,782
ULIF04717/04/08
ULIF04124/07/06
6,773
Pure Stock Pension
Fund
Liquid Pension Fund
F -5
Schedule
Dividend income
Interest income
Particulars
529,408
11,236,112
11,236,112
76,479
123,824
200,303
11,159,633
11,236,112
7,121,017
4,115,095
Total (B): Linked
pension funds
32.6859
1,653
54,040
54,040
2,213
1,641
3,854
51,827
54,040
35,719
18,321
ACCELEFUND116
ULGF00318/11/04
Accelerated Fund
35,719
29,842
5,877
796
264
532
-
6,673
2,643
13
934
392
240
2,451
ACCELEFUND116
ULGF00318/11/04
Accelerated Fund
FORM A-BS (UL)
7,121,017
5,239,807
1,881,210
277,603
120,916
156,687
-
2,158,813
575,106
707,771
400,533
65,786
169,167
240,450
Total (B): Linked
pension funds
Form A-RA (UL)
15.2275
189,524
2,885,978
2,885,978
179,272
430
179,702
2,706,706
2,885,978
397,945
2,488,033
GRASSALLOC116
ULGF00926/02/10
Group Asset
Allocation Fund
397,945
56,922
341,023
98,729
65,807
32,922
-
439,752
208,583
1,656
98,940
18,486
29,637
82,450
GRASSALLOC116
ULGF00926/02/10
Fund
GRASSALLC2116
ULGF01710/05/13
Fund II
Linked group funds
GRASSALLC2116
ULGF01710/05/13
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Fund II
Linked group funds
1
1
-
-
-
-
-
-
-
-
-
10.0012
587
5,872
5,872
5,672
-
5,672
200
5,872
(1)
5,873
GRBALCEDGA116
ULGF01810/05/13
Group Balanced Gain
Fund
(1)
-
(1)
GRBALCEDGA116
ULGF01810/05/13
Group Balanced Gain
Fund
37
12.7049
7,759
98,576
98,576
8,430
15
8,445
90,146
98,576
16,169
82,407
GRBLUECHIP116
ULGF01118/04/11
(Rs ‘000)
16,169
4,153
12,016
1,804
878
926
-
13,820
10,786
196
1,326
470
1,005
GRBLUECHIP116
ULGF01118/04/11
(Rs ‘000)
16.9146
137,672
2,328,667
10.3578
58,642
607,399
607,399
2,328,667
Total
66
275
96,656
96,590
F -4
510,809
140,648
607,399
11,677
2,188,294
2,328,667
466,312
595,722
GRDEBTFU02116
GRDEBTFUND116
1,862,355
ULGF01924/06/13
ULGF00426/03/08
Group Debt Fund II
140,373
F -3
Net current assets
F -2
Current assets
F -1
Schedule
Investments
Total
Revenue account
Sources of funds
Particulars
Group Debt Fund
11,677
466,312
-
11,677
397,016
69,296
1,619
610
1,009
-
13,296
1,713
-
2,592
1,772
-
24,755
45,098
Other charges
Total expenses (B)
20,343
114,394
5,818
(1,701)
(66,813)
12,360
-
7,219
GRDEBTFU02116
164,730
ULGF01924/06/13
GRDEBTFUND116
Group Debt Fund II
ULGF00426/03/08
Group Debt Fund
F -5
Schedule
Expenses
Total income (A)
Dividend income
Interest income
Particulars
13.1325
18,531
243,359
243,359
13,986
1,656
15,642
229,373
243,359
45,685
197,674
GREQTYFUND116
ULGF01018/04/11
Group Equity Fund
12.7710
153,461
1,959,854
1,959,854
(706)
4,277
3,571
1,960,560
1,959,854
160,718
1,799,136
GREQTYINDX116
ULGF00822/02/10
Group Equity Index
Fund
12.4470
19,261
239,737
239,737
29,674
220
29,894
210,063
239,737
42,006
197,731
GRGROWFU02116
ULGF01311/05/11
42,006
25,042
16,964
2,783
476
2,307
-
19,747
(1,497)
-
529
4,099
-
16,616
GRGROWFU02116
ULGF01311/05/11
Linked group funds
160,718
(128,489)
289,207
85,692
56,304
29,388
-
374,899
256,582
35,663
47,449
4,363
30,693
149
GREQTYINDX116
ULGF00822/02/10
FORM A-BS (UL)
45,685
13,256
32,429
4,611
2,114
2,497
-
37,040
20,920
6,131
5,816
1,474
2,557
142
GREQTYFUND116
ULGF01018/04/11
Group Equity Fund
Linked group funds
Group Equity Index
Fund
Form A-RA (UL)
16.3054
35,089
572,143
572,143
86,895
45
86,940
485,248
572,143
113,175
458,968
GRLIQUFUND116
ULGF00503/11/08
Group Liquid Fund
113,175
84,480
28,695
8,381
5,567
2,814
-
37,076
-
-
354
32,364
-
4,358
GRLIQUFUND116
ULGF00503/11/08
Group Liquid Fund
-
-
-
-
-
-
-
-
-
-
-
-
-
-
9.9998
162
1,618
1,618
1,618
-
1,618
-
1,618
-
1,618
GRLIQUFU02116
ULGF02124/06/13
GRLIQUFU02116
ULGF02124/06/13
12.3064
9,622
118,411
118,411
14,266
18
14,284
104,145
118,411
18,466
99,945
RETNSHIELD116
ULGF01421/06/11
Group Return Shield
Fund
(Rs ‘000)
18,466
10,017
8,449
2,409
989
1,420
-
10,858
(1,664)
581
2,555
108
477
8,801
RETNSHIELD116
ULGF01421/06/11
Group Return Shield
Fund
(Rs ‘000)
171
172
GRSHTRDE02116
GRSHTRMDEB116
1,548
Total income (A)
GRSHTRDE02116
GRSHTRMDEB116
F -3
F -4
Current assets
1
1
14.4571
922
13,331
(a) Net assets as per Balance Sheet (total assets less current liabilities
and provisions)(Rs. in thousands)
13,331
11.8908
487
5,789
5,789
99
100
523
5,690
524
5,789
12,808
Total
Net current assets
F -2
Investments
13,331
Total
2,127
3,662
ULGF01218/04/11
ULGF00628/02/09
(91,121)
Group Short Term
Debt Fund II
Group Short Term Debt
Fund
104,452
F -1
Schedule
Revenue account
Sources of funds
Particulars
2,127
104,452
460
1,667
103,605
847
98
36
62
-
558
(312)
352
1
31
-
456
Other charges
701
Total expenses (B)
245
Expenses
(635)
(131)
-
67
-
486
ULGF01218/04/11
ULGF00628/02/09
2,247
Fund II
19
10.1241
311
3,145
3,145
72
-
72
3,073
3,145
19
3,126
GRSHTRDE03116
ULGF02024/06/13
-
19
28
23
5
-
47
5
-
-
19
-
23
Fund III
FORM A-BS (UL)
GRSHTRDE03116
ULGF02024/06/13
Fund III
23.2436
85,775
1,993,719
1,993,719
82,701
266,815
349,516
1,911,018
1,993,719
550,852
1,442,867
SECUREFUND116
ULGF00215/10/04
Secure Fund
550,852
379,002
171,850
26,555
5,549
21,006
-
198,405
23,911
(3,756)
45,148
22,111
5,519
105,472
SECUREFUND116
ULGF00215/10/04
Secure Fund
Linked group funds
Form A-RA (UL)
Fund
F -5
Schedule
Dividend income
Interest income
Particulars
24.8447
35,396
879,411
879,411
36,613
93,659
130,272
842,798
879,411
659,375
220,036
STABLEFUND116
ULGF00115/09/04
Stable Fund
659,375
538,267
121,108
11,662
1,827
9,835
-
132,770
36,390
(3,023)
45,271
8,480
4,777
40,875
STABLEFUND116
ULGF00115/09/04
Stable Fund
754,854
12,011,049
12,011,049
698,291
369,119
1,067,410
11,312,758
12,011,049
2,624,696
9,386,353
Total( C): Linked group
funds
2,624,696
1,514,780
1,109,916
290,967
165,656
125,311
-
1,400,883
563,747
35,477
184,102
106,596
74,905
436,056
funds
10,797,332
212,876,008
212,876,008
4,198,673
3,640,304
7,838,977
208,677,335
212,876,008
78,163,336
134,712,672
Grand Total (A+B+C)
(Rs ‘000)
78,163,336
48,895,451
29,267,885
10,804,254
7,597,449
3,071,527
135,278
40,072,139
13,995,642
5,432,982
12,947,397
1,265,391
3,106,494
3,324,233
Grand Total (A+B+C)
(Rs ‘000)
ULIF04311/01/07
CAPGTE2017116
ULIF04211/01/07
CAPGTE2014116
(704,226)
575,206
Closing balance as at March 31, 2014
54,319
(684,112)
1,290,012
119,999
485,901
EQGAINFUND116
EQUITYFUND116
(183,339)
ULIF00523/07/04
Equity Gain Fund
6,546
5,578
-
12,124
ULIF00315/01/04
Equity Fund
Particulars
2,267
(909)
-
1,358
Capital Guarantee
Fund- 2017
Capital Guarantee
Fund- 2014
Particulars
3,270,749
2,097,113
725,411
1,711,686
487,782
274,535
3,508,378
ACCMIDCA02116
3,534,264
ULIF05206/01/10
ACCEMIDCAP116
Acc Mid Cap Fund II
ULIF03124/07/06
Acc Mid Cap Fund
Particulars
22,424,649
17,296,751
1,533,791
38,187,609
EQGROWFUND116
ULIF02924/07/06
Equity Growth
Fund
(351,145)
833,363
28
482,190
CAPSHIEL01116
ULIF04924/11/08
Capital Shield - I
20,774,965
10,320,215
1,500,012
29,595,168
ASSETALLOC116
ULIF04528/09/07
Asset Allocation
Fund
-
4,335,286
2,008,596
862,898
5,480,984
EQTYGROW02116
ULIF05106/01/10
Equity Growth
Fund II
(249,532)
353,169
46,431
57,206
EQINDEFUND116
ULIF00623/07/04
Equity Index Fund
216,932
226,603
152,761
290,774
CASHFUNDLI116
ULIF00215/01/04
Cash Fund
Linked life funds
(205,672)
495,207
-
289,535
CAPSHIEL02116
ULIF04824/11/08
Capital Shield - II
555,965
118,211
258,898
415,278
ASSRDRETRN116
ULIF06127/01/11
Linked life funds
1,062
23
1,085
ASSETALL02116
ULIF07205/12/13
Assured Return
Fund
Linked life funds
Asset Allocation
Fund II
42,545,677
22,436,460
3,112,667
61,869,470
EQTYINDX02116
ULIF03024/07/06
85,558
179,112
122,353
142,317
CASHPLUSFU116
ULIF01023/07/04
Cash Plus Fund
2,029,422
319,557
364,260
1,984,719
BLUECHIPEQ116
ULIF06026/10/10
(302,540)
167,763
18,730
(153,507)
EQUMIDFUND116
ULIF01709/03/05
Equity Midcap Fund
169,789
204,155
110,991
262,953
DEBTFUNDLI116
ULIF00415/01/04
Debt Fund
8,007,423
3,575,731
3,460,323
8,122,831
BONDFUNDLI116
ULIF02610/07/06
Bond Fund
(1,143,971)
285,467
47,673
(906,177)
EQUMIDPLUS116
ULIF01809/03/05
Equity Midcap
Plus Fund
(Rs ‘000)
193,460
377,662
234,777
336,345
DEBTPLUSFU116
ULIF00923/07/04
Debt Plus Fund
(Rs ‘000)
(14,534)
-
-
(14,534)
CAPGTE2012116
ULIF04411/01/07
Capital Guarantee
Fund- 2012
(Rs '000)
173
174
257,301
1,174,257
2,391,944
1,608,419
837,097
2,312
2,443,204
SHIELDPL01116
PURESTKFUN116
3,308,900
ULIF05313/01/10
Shield Plus Fund I
101,127
116,902
55,581
ULIF02721/07/06
Pure Stock Fund
Particulars
1,499,464
384,033
527,857
162,448
PREMIRBOND116
MAXGAINF02116
1,355,640
ULIF02821/07/06
Premier Bond Fund
109,733
80,673
-
190,406
ULIF05814/09/10
Max Gain Fund II
Particulars
(2,687,861)
1,892,951
201,201
(996,111)
ULIF05414/01/10
GROWPLUS01116
EQPLUSFUND116
Growth Plus Fund I
ULIF00723/07/04
Equity Plus Fund
Particulars
ULIF05926/10/10
538,048
221,497
-
759,545
SHIELDPL02116
ULIF05610/05/10
Shield Plus Fund II
1,008,997
72,074
739
1,080,332
SHIELDPL03116
ULIF05711/08/10
(69,129)
72,760
6,206
(2,575)
PRMREQFUND116
ULIF02117/12/05
Premier Equity
Fund
143,812
1,654
598
144,868
SHIELDPL04116
ULIF06220/04/11
Shield Plus Fund IV
(198,639)
107,247
4,688
(96,080)
PREREQGAIN116
ULIF02217/12/05
Premier Equity Gain
Fund
1,969,051
5,296
-
1,974,347
GTEBONDFND116
ULIF06322/09/11
Linked life funds
45,006
5,082
2,765
47,323
GROWPLUS03116
Guaranteed Bond
Fund
Linked life funds
Growth Plus
Fund III
Linked life funds
(2,958)
29,995
18,979
8,058
PRERDEBTFU116
ULIF02317/12/05
Premier Debt Fund
60,586
11,291
-
71,877
GROWPLUS02116
ULIF05510/05/10
Growth Plus
Fund II
121,211,224
73,789,930
16,477,071
178,524,083
funds
118,677
356,252
19,157
455,772
PREMEQGROW116
ULIF03824/07/06
Premier Equity
Growth Fund
147,634
43,340
31,634
159,340
LIFELOGAIN116
ULIF01123/07/04
Life Long Gain Fund
642,162
511,994
207,346
946,810
ACCEMIDPEN116
ULIF03324/07/06
Acc Mid Cap Pension
Fund
1,054,073
1,137,427
159,618
2,031,882
ASALLOCPEN116
ULIF04628/01/08
Asset Allocation
Pension Fund
(Rs ‘000)
93,657
146,306
19,397
220,566
PUREEQFUND116
ULIF02017/12/05
Pure Equity Fund
(Rs ‘000)
8,248,397
3,115,491
1,104,940
10,258,948
MAXGAINF01116
ULIF05017/12/09
Max Gain Fund I
299,436
268,140
15,124
552,452
PREREQINDX116
ULIF03924/07/06
Fund
2,727,868
1,339,387
1,444,279
2,622,976
LIQUIDFUND116
ULIF02510/07/06
Liquid Fund
(Rs ‘000)
CASHPLUPEN116
ULIF03524/07/06
BONDPENFUN116
254,864
1,862,355
414,727
1,026,693
595,722
59
595,781
-
GRDEBTFU02116
1,250,389
GRDEBTFUND116
ULGF01924/06/13
Group Debt Fund II
155,883
122,093
40,399
ULGF00426/03/08
Group Debt Fund
320,450
Particulars
447,393
237,577
197,674
3,982
46,340
155,316
GREQTYFUND116
ULGF01018/04/11
Group Equity Fund
4,115,095
7,302,562
2,039,951
9,377,706
2,488,033
1,799,136
493,777
196,809
2,096,104
GREQTYINDX116
ULGF00822/02/10
Group Equity Index
Fund
448,915
408,354
2,528,594
GRASSALLOC116
197,731
-
824
196,907
GRGROWFU02116
ULGF01311/05/11
Group Growth
Fund II
Linked group funds
18,321
4,493
23,182
(368)
ACCELEFUND116
ULGF00926/02/10
-
-
-
-
458,968
86,609
271,810
273,767
GRLIQUFUND116
ULGF00503/11/08
Group Liquid Fund
GRASSALLC2116
ULGF01710/05/13
PURESTKPEN116
127,921
ULGF00318/11/04
LIQPENFUND116
1,955,032
ULIF04717/04/08
Group Asset
Allocation Fund
(46,267)
2,463,445
ULIF04124/07/06
Accelerated Fund
(138,668)
22,496
421,668
3,996,809
Group Asset
Allocation Fund II
Total (B): Linked
pension funds
(6,521)
1,233,092
4,647
(28,418)
EQINDPEN02116
ULIF03724/07/06
Pure Stock Pension
Fund
(15,681)
20,671
183,135
911,289
EQINDEXPEN116
ULIF01318/11/04
Fund - II
Liquid Pension Fund
Particulars
808,197
12,577
2,632
11,518
EQTYGROPEN116
ULIF03624/07/06
Equity Index
Pension Fund
Equity Growth
Pension Fund
Linked group funds
1,337,915
13,518
DEBTPLUPEN116
ULIF01518/11/04
Debt Plus Pension
Fund
533,568
(16,622)
ULIF01618/11/04
Bond Pension Fund
1,612,544
Cash Plus Pension
Fund
Particulars
-
-
1,618
-
1,618
GRLIQUFU02116
ULGF02124/06/13
5,873
-
5,873
GRBALCEDGA116
ULGF01810/05/13
Group Balanced Gain
Fund
(97,418)
21,728
3,863
(79,553)
EQUMIDCPEN116
ULIF01909/03/05
Equity Midcap
Pension Fund
99,945
535
-
100,480
RETNSHIELD116
ULGF01421/06/11
Group Return
Shield Fund
(Rs ‘000)
82,407
1,180
27,297
56,290
GRBLUECHIP116
ULGF01118/04/11
Group Blue Chip
Fund
(Rs ‘000)
(450,561)
98,674
13,278
(365,165)
EQUPLUSPEN116
ULIF01218/11/04
Equity Plus
Pension Fund
(Rs ‘000)
175
176
GRSHTRDE02116
GRSHTRMDEB116
(91,121)
19,665
1,371
3,662
20,303
45
23,920
ULGF01218/04/11
ULGF00628/02/09
(72,827)
Group Short Term
Debt Fund II
Group Short Term
Debt Fund
Particulars
-
3,126
141
3,267
GRSHTRDE03116
ULGF02024/06/13
Group Short Term
Debt Fund III
1,442,867
106,833
277,620
1,272,080
SECUREFUND116
ULGF00215/10/04
Secure Fund
Linked group funds
220,036
105,611
37,795
287,852
STABLEFUND116
ULGF00115/09/04
Stable Fund
9,386,353
1,706,830
2,924,679
8,168,504
funds
134,712,672
82,799,322
21,441,701
196,070,293
Grand Total (A+B+C)
(Rs ‘000)
323,818
78.20%
21.80%
1,085,333
4,979,717
Grand total
-
Mutual fund
Total
-
1,085,333
Money market
Equity
-
3,894,384
1,500
-
21,195
Corporate bonds
Other investments
Total
Bank fixed deposits
Mutual funds
Money market
3,547,871
-
Equity
-
20.83%
79.17%
3,538,584
736,945
-
-
736,945
-
-
2,801,639
-
-
91,515
2,454,525
255,599
-
-
-
ACCMIDCA02116
ACCEMIDCAP116
-
ULIF05206/01/10
ULIF03124/07/06
Corporate bonds
Acc Mid Cap Fund II
Acc Mid Cap Fund
Government bonds
Particulars
8.52%
91.48%
23,293,753
1,985,061
-
-
1,752,879
-
232,182
21,308,692
888,090
-
256,047
15,103,138
1,308,694
1,915,457
301,652
1,535,614
ASSETALLOC116
ULIF04528/09/07
Asset Allocation
Fund
ASSETALL02116
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
ULIF07205/12/13
3.90%
96.10%
495,733
19,346
-
-
-
-
19,346
476,387
95,800
-
36,489
-
-
164,770
32,231
147,097
ASSRDRETRN116
ULIF06127/01/11
Assured Return
Fund
Linked life funds
Asset Allocation
Fund II
-
-
-
2.58%
97.42%
2,354,479
60,845
-
-
60,845
-
-
2,293,634
-
-
51,685
1,946,885
295,064
BLUECHIPEQ116
ULIF06026/10/10
5.70%
94.30%
8,816,820
502,961
-
-
-
-
502,961
8,313,859
26,350
-
207,215
-
-
1,564,497
2,056,291
4,459,506
BONDFUNDLI116
ULIF02610/07/06
Bond Fund
CAPGTE2012116
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
ULIF04411/01/07
Capital Guarantee
Fund- 2012
(Rs ‘000)
177
178
-
Equity
-
Equity
Money market
Mutual fund
Total
-
100.00%
900
-
Grand total
-
Corporate bonds
Other investments
900
-
Bank fixed deposits
Total
-
Mutual funds
900
-
Money market
-
0.90%
99.10%
18,919
170
-
-
170
-
-
18,749
-
-
100
8,160
794
2,262
-
7,433
CAPGTE2017116
CAPGTE2014116
-
ULIF04311/01/07
ULIF04211/01/07
Corporate bonds
Capital Guarantee
Fund- 2017
Capital Guarantee
Fund- 2014
Government bonds
Particulars
Capital Shield - I
-
-
-
-
-
-
100.00%
78,466
-
-
-
-
-
-
78,466
-
-
78,466
CAPSHIEL01116
ULIF04924/11/08
-
-
-
-
-
-
100.00%
87,874
-
-
-
-
-
-
87,874
-
-
87,874
CAPSHIEL02116
ULIF04824/11/08
Capital Shield - II
-
-
-
-
-
-
100.00%
504,351
-
-
-
-
-
-
504,351
55,000
-
449,351
CASHFUNDLI116
ULIF00215/01/04
Cash Fund
Linked life funds
Cash Plus Fund
-
-
-
-
-
-
100.00%
800,946
-
-
-
-
-
-
800,946
89,600
-
711,346
CASHPLUSFU116
ULIF01023/07/04
Debt Fund
1.69%
98.31%
593,353
10,022
-
-
-
-
10,022
583,331
-
-
21,147
-
-
148,359
114,480
299,345
DEBTFUNDLI116
ULIF00415/01/04
1.17%
98.83%
854,118
10,022
-
-
-
-
10,022
844,096
-
-
26,302
-
-
205,765
186,096
425,933
DEBTPLUSFU116
ULIF00923/07/04
Debt Plus Fund
(Rs ‘000)
255,640
Grand total
2.71%
97.29%
2,171,267
58,875
-
Mutual fund
Total
-
Money market
58,875
Equity
-
Corporate bonds
Other investments
2,112,392
-
Bank fixed deposits
Total
-
10,921
Mutual funds
Money market
1,845,831
-
Equity
-
12.90%
87.10%
4,399,173
567,641
-
-
567,641
-
-
3,831,532
-
-
9,512
3,432,063
389,957
-
-
-
EQGAINFUND116
EQUITYFUND116
-
ULIF00523/07/04
ULIF00315/01/04
Corporate bonds
Equity Gain Fund
Equity Fund
Government bonds
Particulars
8.42%
91.58%
45,805,462
3,856,491
-
-
3,856,491
-
-
41,948,971
98,850
-
2,743,504
36,112,445
2,994,172
-
-
-
EQGROWFUND116
ULIF02924/07/06
Equity Growth
Fund
7.71%
92.29%
5,732,831
442,002
-
-
442,002
-
-
5,290,829
-
-
275,996
4,657,217
357,616
-
-
-
EQTYGROW02116
ULIF05106/01/10
Equity Growth
Fund II
-
-
-
2.74%
97.26%
1,074,866
29,473
-
-
29,473
-
-
1,045,393
-
-
6,398
912,599
126,396
EQINDEFUND116
ULIF00623/07/04
Equity Index Fund
Linked life funds
-
-
-
2.85%
97.15%
48,817,869
1,390,802
-
-
1,390,802
-
-
47,427,067
-
-
187,782
42,364,236
4,875,049
EQTYINDX02116
ULIF03024/07/06
-
-
-
12.62%
87.38%
650,246
82,062
-
-
82,062
-
-
568,184
-
-
97,110
420,918
50,156
EQUMIDFUND116
ULIF01709/03/05
Equity Midcap Fund
16.86%
83.14%
840,093
141,637
-
-
141,637
-
-
698,456
-
-
7,998
585,208
105,250
-
-
-
EQUMIDPLUS116
ULIF01809/03/05
Equity Midcap
Plus Fund
(Rs ‘000)
179
180
Grand total
7.72%
92.28%
5,759,500
444,814
-
Mutual fund
Total
-
Money market
444,814
Equity
-
Corporate bonds
Other investments
5,314,686
-
Bank fixed deposits
Total
-
269,783
Mutual funds
Money market
4,685,216
359,687
Equity
-
-
100.00%
128,499
-
-
-
-
-
-
128,499
48,350
-
1,000
-
-
66,546
12,603
-
EQPLUSFUND116
-
ULIF05414/01/10
GROWPLUS01116
ULIF00723/07/04
Corporate bonds
Growth Plus Fund I
Equity Plus Fund
Government bonds
Particulars
2.68%
97.32%
61,240
1,639
-
-
1,639
-
-
59,601
-
-
700
51,732
7,169
-
-
-
GROWPLUS02116
ULIF05510/05/10
Growth Plus
Fund II
ULIF05926/10/10
14.90%
85.10%
63,004
9,389
-
-
9,389
-
-
53,615
-
-
8,433
43,770
1,412
-
-
-
GROWPLUS03116
2.47%
97.53%
2,005,615
49,633
-
-
-
-
49,633
1,955,982
612,395
-
48,486
-
-
735,610
145,838
413,653
GTEBONDFND116
ULIF06322/09/11
Guaranteed Bond
Fund
Linked life funds
Growth Plus
Fund III
-
100.00%
214,126
-
-
-
-
-
-
214,126
340
-
10,724
-
-
33,648
22,732
146,682
LIFELOGAIN116
ULIF01123/07/04
Life Long Gain Fund
-
-
-
-
-
-
100.00%
2,671,480
-
-
-
-
-
-
2,671,480
744,700
-
1,926,780
LIQUIDFUND116
ULIF02510/07/06
Liquid Fund
1.74%
98.26%
8,543,427
149,002
-
-
149,002
-
-
8,394,425
667,870
-
34,791
6,097,834
643,790
405,090
444,468
100,582
MAXGAINF01116
ULIF05017/12/09
Max Gain Fund I
(Rs ‘000)
Grand total
1.71%
98.29%
1,516,019
25,863
-
Mutual fund
Total
-
25,863
Money market
Equity
-
1,490,156
184,000
-
148,379
Corporate bonds
Other investments
Total
Bank fixed deposits
Mutual funds
Money market
1,046,998
110,779
Equity
-
-
100.00%
201,823
-
-
-
-
-
-
201,823
6,700
-
2,099
-
-
19,624
64,691
108,709
PREMIRBOND116
MAXGAINF02116
-
ULIF02821/07/06
ULIF05814/09/10
Corporate bonds
Premier Bond Fund
Max Gain Fund II
Government bonds
Particulars
-
100.00%
52,696
-
-
-
-
-
-
52,696
4,400
-
250
-
-
5,969
14,043
28,034
PRERDEBTFU116
ULIF02317/12/05
Premier Debt Fund
2.89%
97.11%
161,372
4,656
-
-
4,656
-
-
156,716
-
-
2,599
135,280
18,837
-
-
-
PRMREQFUND116
ULIF02117/12/05
Premier Equity
Fund
-
-
-
3.22%
96.78%
284,472
9,146
-
-
9,146
-
-
275,326
-
-
1,300
235,440
38,586
PREREQGAIN116
ULIF02217/12/05
Premier Equity Gain
Fund
Linked life funds
-
-
-
3.21%
96.79%
830,544
26,700
-
-
26,700
-
-
803,844
-
-
3,499
687,545
112,800
PREMEQGROW116
ULIF03824/07/06
Premier Equity
Growth Fund
-
-
-
2.68%
97.32%
555,620
14,914
-
-
14,914
-
-
540,706
-
-
1,500
474,430
64,776
PREREQINDX116
ULIF03924/07/06
Fund
2.68%
97.32%
428,220
11,469
-
-
11,469
-
-
416,751
-
-
20,330
346,362
50,059
-
-
-
PUREEQFUND116
ULIF02017/12/05
Pure Equity Fund
(Rs ‘000)
181
182
Grand total
2.81%
11.41%
88.59%
1,859,481
3,159,265
97.19%
212,243
-
-
14,187
-
198,056
1,647,238
618,600
-
300
125,590
36,398
800,318
-
66,032
88,839
-
Mutual fund
Total
-
Money market
88,839
Equity
-
Corporate bonds
Other investments
3,070,426
-
Bank fixed deposits
Total
-
109,720
Mutual funds
Money market
2,575,093
385,613
Equity
-
SHIELDPL01116
PURESTKFUN116
-
ULIF05313/01/10
ULIF02721/07/06
Corporate bonds
Shield Plus Fund I
Pure Stock Fund
Government bonds
Particulars
10.68%
89.32%
592,008
63,240
-
-
2,266
-
60,974
528,768
152,005
-
200
62,008
4,049
202,986
42,295
65,225
SHIELDPL02116
ULIF05610/05/10
Shield Plus Fund II
3.35%
96.65%
1,057,602
35,465
-
-
10,649
-
24,816
1,022,137
254,500
-
400
97,983
6,387
539,454
48,839
74,574
SHIELDPL03116
ULIF05711/08/10
Linked life funds
0.84%
99.16%
149,111
1,253
-
-
1,253
-
-
147,858
48,200
-
400
6,109
994
67,169
13,752
11,234
SHIELDPL04116
ULIF06220/04/11
Shield Plus Fund IV
6.51%
93.49%
186,204,944
12,127,953
-
-
11,019,941
-
1,108,012
174,076,991
4,597,250
-
7,970,526
130,062,486
13,179,541
6,877,524
3,500,011
7,889,653
funds
-
-
-
20.57%
79.43%
976,661
200,895
-
-
200,895
-
-
775,766
-
-
46,286
674,593
54,887
ACCEMIDPEN116
ULIF03324/07/06
Acc Mid Cap Pension
Fund
7.32%
92.68%
1,873,363
137,203
-
-
137,203
-
-
1,736,160
21,650
-
179,194
1,112,160
101,633
164,133
12,995
144,395
ASALLOCPEN116
ULIF04628/01/08
Asset Allocation
Pension Fund
(Rs ‘000)
-
Equity
-
Money market
Mutual fund
Grand total
1.41%
98.59%
1,421,574
20,043
-
Equity
Total
-
20,043
Corporate bonds
Other investments
1,401,531
-
Bank fixed deposits
Total
-
Mutual funds
217,270
261,688
Money market
338,590
-
100.00%
31,702
-
-
-
-
-
-
31,702
-
-
31,702
-
-
-
-
-
CASHPLUPEN116
BONDPENFUN116
583,983
ULIF01618/11/04
ULIF03524/07/06
Corporate bonds
Cash Plus Pension
Fund
Bond Pension Fund
Government bonds
Particulars
-
100.00%
68,006
-
-
-
-
-
-
68,006
-
-
13,043
-
-
4,975
4,979
45,009
DEBTPLUPEN116
ULIF01518/11/04
Debt Plus Pension
Fund
7.79%
92.21%
1,908,475
148,713
-
-
148,713
-
-
1,759,762
-
-
134,843
1,505,321
119,598
-
-
-
EQTYGROPEN116
ULIF03624/07/06
Equity Growth
Pension Fund
-
-
-
2.59%
97.41%
83,933
2,173
-
-
2,173
-
-
81,760
-
-
1,500
70,504
9,756
EQINDEXPEN116
ULIF01318/11/04
Equity Index
Pension Fund
-
-
-
2.82%
97.18%
3,879,846
109,572
-
-
109,572
-
-
3,770,274
-
-
16,695
3,304,737
448,842
EQINDPEN02116
ULIF03724/07/06
Fund - II
-
-
-
16.41%
83.59%
49,986
8,204
-
-
8,204
-
-
41,782
-
-
2,499
38,151
1,132
EQUMIDCPEN116
ULIF01909/03/05
Equity Midcap
Pension Fund
-
-
-
3.21%
96.79%
356,437
11,438
-
-
11,438
-
-
344,999
-
-
2,599
294,224
48,176
EQUPLUSPEN116
ULIF01218/11/04
Equity Plus
Pension Fund
( Rs '000)
183
184
-
Equity
-
Total
-
100.00%
-
Mutual fund
-
Money market
311,885
-
Equity
Grand total
-
311,885
10,000
-
Corporate bonds
Other investments
Total
Bank fixed deposits
Mutual funds
301,885
-
Money market
-
Corporate bonds
6.49%
93.51%
197,765
12,829
-
-
12,829
-
-
184,936
-
-
-
168,608
16,328
-
-
-
773,387
5.83%
94.17%
11,159,633
651,070
-
-
631,027
-
20,043
10,508,563
9.10%
90.90%
51,827
4,718
-
-
4,718
-
-
47,109
9,600
-
31,650
5,529
9,395
2,049
3,958
2,057
14,521
947,516
7,168,298
800,352
430,796
356,564
ACCELEFUND116
7.09%
92.91%
2,706,706
191,805
-
-
191,805
-
-
2,514,901
197,100
-
91,359
1,548,803
136,418
271,009
4,874
265,338
GRASSALLOC116
GRASSALLC2116
ULGF01710/05/13
PURESTKPEN116
ULGF00926/02/10
LIQPENFUND116
ULGF00318/11/04
ULIF04717/04/08
ULIF04124/07/06
Total (B): Linked
pension funds
Group Asset
Allocation Fund II
Group Asset
Allocation Fund
Pure Stock Pension
Fund
Liquid Pension Fund
Accelerated Fund
Linked group funds
Government bonds
Particulars
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
100.00%
200
-
-
-
-
-
-
200
-
-
200
GRBALCEDGA116
ULGF01810/05/13
Group Balanced Gain
Fund
-
-
-
4.06%
95.94%
90,146
3,661
-
-
3,661
-
-
86,485
-
-
12,272
64,335
9,878
GRBLUECHIP116
ULGF01118/04/11
Group Blue Chip
Fund
( Rs '000)
GRDEBTFU02116
GRDEBTFUND116
-
Equity
-
Equity
Money market
Mutual fund
Total
-
100.00%
2,188,294
-
Grand total
-
Corporate bonds
Other investments
2,188,294
-
Bank fixed deposits
Total
-
Mutual funds
241,246
317,558
Money market
503,610
-
100.00%
510,809
-
-
-
-
-
-
510,809
67,500
-
124,282
-
-
5,492
56,947
256,588
ULGF01924/06/13
ULGF00426/03/08
1,125,880
Group Debt Fund II
Group Debt Fund
Corporate bonds
Government bonds
Particulars
3.10%
96.90%
229,373
7,117
-
-
7,117
-
-
222,256
-
-
10,749
181,915
29,592
-
-
-
GREQTYFUND116
ULGF01018/04/11
Group Equity Fund
-
-
-
2.69%
97.31%
1,960,560
52,760
-
-
52,760
-
-
1,907,800
-
-
3,698
1,674,611
229,491
GREQTYINDX116
ULGF00822/02/10
Group Equity Index
Fund
-
9.37%
90.63%
210,063
19,683
-
-
-
-
19,683
190,380
90,300
-
12,595
-
-
75,761
11,724
GRGROWFU02116
ULGF01311/05/11
Group Growth
Fund II
Linked group funds
-
-
-
-
-
-
100.00%
485,248
-
-
-
-
-
-
485,248
-
-
485,248
GRLIQUFUND116
ULGF00503/11/08
Group Liquid Fund
GRLIQUFU02116
ULGF02124/06/13
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
0.23%
99.77%
104,145
241
-
-
241
-
-
103,904
25,600
-
200
10,633
586
45,155
6,906
14,824
RETNSHIELD116
ULGF01421/06/11
Group Return
Shield Fund
( Rs ‘000)
185
186
GRSHTRDE02116
GRSHTRMDEB116
-
Equity
5,690
12,808
Mutual fund
Total
-
100.00%
-
Money market
Grand total
-
-
Equity
-
100.00%
-
-
-
-
-
-
5,690
-
-
-
12,808
1,000
-
300
-
-
-
-
Corporate bonds
Other investments
Total
Bank fixed deposits
Mutual funds
3,579
-
Money market
-
5,390
ULGF01218/04/11
ULGF00628/02/09
8,229
Group Short Term
Debt Fund II
Group Short Term
Debt Fund
Corporate bonds
Government bonds
Particulars
-
100.00%
3,073
-
-
-
-
-
-
3,073
-
-
1,568
-
-
-
-
1,505
GRSHTRDE03116
ULGF02024/06/13
4.93%
95.07%
1,911,018
94,224
-
-
94,224
-
-
1,816,794
32,000
-
304,657
215,843
39,867
251,729
107,752
864,946
SECUREFUND116
ULGF00215/10/04
Secure Fund
Linked group funds
Group Short Term
Debt Fund III
10.66%
89.34%
842,798
89,867
-
-
89,867
-
-
752,931
-
-
92,019
178,335
24,757
113,576
15,297
328,947
STABLEFUND116
ULGF00115/09/04
Stable Fund
4.10%
95.90%
11,312,758
464,076
-
-
444,393
-
19,683
-
10,848,682
423,100
-
1,389,501
3,883,870
472,638
1,084,238
709,167
2,886,168
funds
6.35%
93.65%
208,677,335
13,243,099
-
-
12,095,361
-
1,147,738
-
195,434,236
5,052,000
-
10,307,543
141,114,654
14,452,531
8,392,558
4,565,742
11,549,208
Grand Total (A+B+C)
( Rs '000)
ACCMIDCA02116
ACCEMIDCAP116
-
Unit collection a/c
Other current assets (for investments)
Total
-
Receivables for sale of investments
-
Dividend receivable
CAPGTE2017116
CAPGTE2014116
Bank balance
ULIF04311/01/07
ULIF04211/01/07
231
-
-
-
7
-
224
Capital Guarantee
Fund- 2017
Capital Guarantee
Fund- 2014
-
160,439
26,759
8,129
123,111
495
1,945
307,197
26,759
-
278,837
1,074
-
-
ULIF05206/01/10
ULIF03124/07/06
527
Acc Mid Cap Fund II
Acc Mid Cap Fund
Accrued interest
Particulars
Total
Unit collection a/c
Dividend receivable
Bank balance
Accrued interest
Particulars
-
-
10
-
-
-
10
CAPSHIEL01116
ULIF04924/11/08
Capital Shield - I
900,876
-
-
423,781
15,084
49,024
412,987
ASSETALLOC116
ULIF04528/09/07
Asset Allocation
Fund
-
-
-
-
CAPSHIEL02116
-
-
-
-
-
-
-
ULIF04824/11/08
Capital Shield - II
73,285
-
31,617
39,472
-
1,365
831
CASHFUNDLI116
ULIF00215/01/04
Cash Fund
53,057
-
4,908
-
-
9,286
38,863
ASSRDRETRN116
ULIF06127/01/11
Assured Return
Fund
Linked life funds
1,050
-
1,050
ASSETALL02116
ULIF07205/12/13
Asset Allocation
Fund II
Linked life funds
-
80,215
-
15,292
60,680
-
457
3,786
CASHPLUSFU116
ULIF01023/07/04
Cash Plus Fund
26,985
-
19,641
-
1,547
5,797
BLUECHIPEQ116
ULIF06026/10/10
24,171
-
7,882
-
-
469
15,820
DEBTFUNDLI116
ULIF00415/01/04
Debt Fund
577,678
-
8,226
282,118
-
32,789
254,545
BONDFUNDLI116
ULIF02610/07/06
Bond Fund
-
-
-
-
-
-
-
46,108
-
17,758
-
-
-
28,350
DEBTPLUSFU116
ULIF00923/07/04
Debt Plus Fund
(Rs ‘000)
CAPGTE2012116
ULIF04411/01/07
Capital Guarantee
Fund- 2012
(Rs '000)
187
188
82,164
Total
-
81,418
Unit collection a/c
746
-
Dividend receivable
Bank balance
EQPLUSFUND116
18,994
-
-
-
-
458
18,536
ULIF05414/01/10
GROWPLUS01116
ULIF00723/07/04
-
Growth Plus Fund I
Equity Plus Fund
Accrued interest
Particulars
92,946
6,906
-
83,469
2,571
-
1,403
-
Total
-
Unit collection a/c
1,403
Dividend receivable
-
Bank balance
EQGAINFUND116
EQUITYFUND116
-
ULIF00523/07/04
ULIF00315/01/04
-
Equity Gain Fund
Equity Fund
Accrued interest
Particulars
39
-
-
-
39
-
-
GROWPLUS02116
ULIF05510/05/10
Growth Plus
Fund II
612,078
4,286
-
576,988
5,896
-
24,908
EQGROWFUND116
ULIF02924/07/06
Equity Growth
Fund
-
-
-
-
-
-
-
GROWPLUS03116
ULIF05926/10/10
Growth Plus
Fund III
-
-
192,848
-
-
-
-
-
192,848
GTEBONDFND116
ULIF06322/09/11
Guaranteed Bond
Fund
2,279
-
1,585
-
694
EQINDEFUND116
ULIF00623/07/04
Equity Index Fund
Linked life funds
99,776
-
2,155
80,756
741
16,124
-
EQTYGROW02116
ULIF05106/01/10
Equity Growth
Fund II
Linked life funds
-
-
56,327
-
573
47,885
-
4,963
2,906
LIFELOGAIN116
ULIF01123/07/04
Life Long Gain Fund
1,161,134
-
-
1,127,437
33,697
EQTYINDX02116
ULIF03024/07/06
-
-
118,570
-
4,363
93,502
-
9,712
10,993
LIQUIDFUND116
ULIF02510/07/06
Liquid Fund
283,093
68,591
-
214,080
422
EQUMIDFUND116
ULIF01709/03/05
Equity Midcap Fund
428,076
-
-
-
4,662
150,528
272,886
MAXGAINF01116
ULIF05017/12/09
Max Gain Fund I
( Rs ‘000)
385,545
51,546
954
332,390
655
-
-
EQUMIDPLUS116
ULIF01809/03/05
Equity Midcap
Plus Fund
( Rs '000)
91,873
-
Total
-
87,512
4,276
85
SHIELDPL01116
PURESTKFUN116
268,909
-
-
19,590
16
15,318
233,985
ULIF05313/01/10
ULIF02721/07/06
-
Shield Plus Fund I
8,442
-
-
-
-
-
Pure Stock Fund
113,349
-
15,716
-
806
Unit collection a/c
Dividend receivable
Bank balance
Accrued interest
Particulars
Total
Unit collection a/c
Dividend receivable
35,854
Bank balance
PREMIRBOND116
MAXGAINF02116
8,442
ULIF02821/07/06
ULIF05814/09/10
60,973
Premier Bond Fund
Max Gain Fund II
Accrued interest
Particulars
92,959
-
-
29,352
278
2,328
61,001
SHIELDPL02116
ULIF05610/05/10
Shield Plus Fund II
154,105
-
-
37,580
381
-
116,144
SHIELDPL03116
ULIF05711/08/10
104
-
-
-
104
-
-
PRMREQFUND116
ULIF02117/12/05
Premier Equity
Fund
Linked life funds
2,800
-
-
-
-
-
2,800
PRERDEBTFU116
ULIF02317/12/05
Premier Debt Fund
-
-
20,587
-
-
702
7
171
19,707
SHIELDPL04116
ULIF06220/04/11
Shield Plus Fund IV
3,314
590
-
2,588
136
PREREQGAIN116
ULIF02217/12/05
Premier Equity Gain
Fund
Linked life funds
-
-
6,571,264
187,181
139,849
4,045,833
77,060
339,279
1,782,062
funds
9,682
1,744
-
7,539
399
PREMEQGROW116
ULIF03824/07/06
Premier Equity
Growth Fund
-
-
-
-
30,587
-
-
30,447
140
ACCEMIDPEN116
ULIF03324/07/06
Acc Mid Cap Pension
Fund
31,990
-
-
14,843
893
-
16,254
ASALLOCPEN116
ULIF04628/01/08
Asset Allocation
Pension Fund
( Rs ‘000)
18,204
-
-
15,046
552
2,606
-
PUREEQFUND116
ULIF02017/12/05
Pure Equity Fund
362
-
-
-
362
PREREQINDX116
ULIF03924/07/06
Fund
( Rs ‘000)
189
190
CASHPLUPEN116
BONDPENFUN116
23,837
Total
-
13,002
-
10,832
3
35,920
-
159
6,745
36
28,980
-
200,303
727
284
101,059
4,071
39,812
54,350
3,854
-
348
-
-
87
3,419
ACCELEFUND116
179,702
-
76,251
18,316
1,243
5,891
78,001
GRASSALLOC116
GRASSALLC2116
ULGF01710/05/13
PURESTKPEN116
LIQPENFUND116
ULGF00926/02/10
ULIF04717/04/08
ULGF00318/11/04
-
-
-
-
-
-
-
-
-
2,526
ULIF04124/07/06
Total (B): Linked
pension funds
-
-
2,526
EQINDPEN02116
Group Asset
Allocation Fund II
Accelerated Fund
Group Asset
Allocation Fund
78
-
24
-
54
-
-
ULIF03724/07/06
Fund - II
Liquid Pension Fund
Unit collection a/c
Dividend receivable
Bank balance
Accrued interest
Particulars
28,219
-
-
27,967
252
-
EQINDEXPEN116
ULIF01318/11/04
Equity Index
Pension Fund
Linked group funds
1,153
-
101
-
-
-
-
EQTYGROPEN116
ULIF03624/07/06
Equity Growth
Pension Fund
Pure Stock Pension
Fund
4,818
-
-
4,818
-
-
1,052
DEBTPLUPEN116
ULIF01518/11/04
Debt Plus Pension
Fund
37,041
-
Total
-
Unit collection a/c
-
Dividend receivable
-
-
ULIF01618/11/04
ULIF03524/07/06
37,041
Cash Plus Pension
Fund
Bond Pension Fund
Bank balance
Accrued interest
Particulars
-
-
-
-
-
-
-
-
5,672
-
-
-
-
5,672
GRBALCEDGA116
ULGF01810/05/13
Group Balanced Gain
Fund
EQUMIDCPEN116
ULIF01909/03/05
Equity Midcap
Pension Fund
-
-
-
8,445
-
8,254
-
54
137
GRBLUECHIP116
ULGF01118/04/11
Group Blue Chip
Fund
( Rs ‘000)
4,134
727
-
3,237
170
EQUPLUSPEN116
ULIF01218/11/04
Equity Plus
Pension Fund
( Rs ‘000)
GRDEBTFU02116
GRDEBTFUND116
-
GRSHTRDE02116
GRSHTRMDEB116
1
-
Unit collection a/c
524
-
Total
-
46
100
-
-
-
-
62
38
ULGF01218/04/11
ULGF00628/02/09
477
Group Short Term
Debt Fund II
96,656
-
51,580
-
-
21,424
-
GRSHTRDE03116
72
-
-
-
-
42
30
ULGF02024/06/13
349,516
-
87,231
195,363
-
26,780
40,142
SECUREFUND116
ULGF00215/10/04
Stable Fund
29,368
-
86,940
-
46,222
130,272
-
21,828
97,915
-
2,469
8,060
STABLEFUND116
11,350
GRLIQUFUND116
ULGF00503/11/08
Group Liquid Fund
ULGF00115/09/04
29,894
-
-
-
-
68
29,826
GRGROWFU02116
ULGF01311/05/11
Secure Fund
Linked group funds
3,571
-
-
-
1,275
2,296
GREQTYINDX116
ULGF00822/02/10
Group Growth
Fund II
Linked group funds
Group Equity Index
Fund
Group Short Term
Debt Fund III
15,642
402
12,774
2,014
103
349
-
GREQTYFUND116
ULGF01018/04/11
Group Equity Fund
Fund
140,648
-
Dividend receivable
Bank balance
Accrued interest
Particulars
Total
84,595
Unit collection a/c
-
4,913
23,652
ULGF01924/06/13
ULGF00426/03/08
51,140
Group Debt Fund II
Group Debt Fund
Dividend receivable
Bank balance
Accrued interest
Particulars
-
102
-
-
1,067,410
402
389,186
346,248
2,708
83,164
(Rs '000)
14,284
-
-
3,272
33
62
10,917
RETNSHIELD116
ULGF01421/06/11
Group Return
Shield Fund
7,838,977
188,310
529,319
4,493,140
83,839
462,255
2,082,114
Grand Total (A+B+C)
1,618
245,702
Total( C): Linked
group funds
1,516
GRLIQUFU02116
ULGF02124/06/13
(Rs ‘000)
191
192
ACCMIDCA02116
ULIF03124/07/06
ACCEMIDCAP116
CAPGTE2017116
CAPGTE2014116
3,145
1,752
4,897
Unit payable a/c
Total
EQGAINFUND116
EQUITYFUND116
62,116
3,781
5,190
53,145
ULIF00523/07/04
ULIF00315/01/04
-
Equity Gain Fund
72
-
72
Equity Fund
343
-
343
-
ULIF04311/01/07
ULIF04211/01/07
-
Capital Guarantee
Fund- 2017
Capital Guarantee
Fund- 2014
Payable for purchase of investments
Particulars
Total
Unit payable a/c
Particulars
272,591
-
562
179,174
7,520
Unit payable a/c
Total
9,627
272,029
ULIF05206/01/10
Acc Mid Cap Fund
162,027
Acc Mid Cap
Fund II
Particulars
-
938,084
76,898
81,973
779,213
EQGROWFUND116
ULIF02924/07/06
Equity Growth
Fund
72,239
-
72,239
CAPSHIEL01116
ULIF04924/11/08
Capital Shield - I
341,209
69,278
3,673
268,258
ASSETALLOC116
ULIF04528/09/07
Asset Allocation
Fund
-
-
-
-
-
30,435
-
958
29,477
EQTYGROW02116
ULIF05106/01/10
Equity Growth
Fund II
-
-
2,018
-
2,018
EQINDEFUND116
ULIF00623/07/04
Equity Index Fund
152
-
152
CASHFUNDLI116
-
83
ULIF00215/01/04
Cash Fund
Linked life funds
78,982
-
78,982
CAPSHIEL02116
ULIF04824/11/08
Capital Shield - II
83
ASSRDRETRN116
ULIF06127/01/11
Linked life funds
ASSETALL02116
ULIF07205/12/13
Assured Return
Fund
Linked life funds
Asset Allocation
Fund II
-
74
-
74
-
-
209,943
111,363
98,580
EQTYINDX02116
ULIF03024/07/06
CASHPLUSFU116
ULIF01023/07/04
Cash Plus Fund
363
-
363
BLUECHIPEQ116
ULIF06026/10/10
-
301,997
1,019
901
300,077
EQUMIDFUND116
ULIF01709/03/05
Equity Midcap Fund
169
-
169
DEBTFUNDLI116
ULIF00415/01/04
Debt Fund
292,477
-
1,061
291,416
BONDFUNDLI116
ULIF02610/07/06
Bond Fund
-
-
-
-
-
229,850
-
802
229,048
EQUMIDPLUS116
ULIF01809/03/05
Equity Midcap Plus
Fund
(Rs ‘000)
591
-
591
DEBTPLUSFU116
ULIF00923/07/04
Debt Plus Fund
(Rs ‘000)
CAPGTE2012116
ULIF04411/01/07
Capital Guarantee
Fund- 2012
(Rs ‘000)
GROWPLUS01116
EQPLUSFUND116
MAXGAINF02116
2,205
2,743
Total
538
SHIELDPL01116
PURESTKFUN116
7,156
6,802
354
-
ULIF05313/01/10
ULIF02721/07/06
-
Shield Plus Fund I
926
466
460
Pure Stock Fund
296
-
296
-
PREMIRBOND116
ULIF05814/09/10
-
ULIF02821/07/06
Max Gain Fund II
Unit payable a/c
Particulars
Total
Unit payable a/c
Particulars
607
582
25
Premier Bond
Fund
41,340
5,002
Unit payable a/c
Total
6,617
-
ULIF05414/01/10
ULIF00723/07/04
29,721
Growth Plus Fund I
Equity Plus Fund
Particulars
-
-
603
489
114
SHIELDPL02116
ULIF05610/05/10
Shield Plus Fund II
-
1,938
1,259
679
SHIELDPL03116
ULIF05711/08/10
1,104
678
426
-
PRMREQFUND116
ULIF02117/12/05
Premier Equity
Fund
-
-
28
-
28
SHIELDPL04116
ULIF06220/04/11
Shield Plus Fund IV
4,703
876
1,452
2,375
PREREQGAIN116
ULIF02217/12/05
Premier Equity Gain
Fund
722
55
667
GTEBONDFND116
ULIF06322/09/11
Guaranteed Bond
Fund
Linked life funds
780
-
780
-
GROWPLUS03116
ULIF05926/10/10
Growth Plus
Fund III
Linked life funds
367
209
158
PRERDEBTFU116
ULIF02317/12/05
Premier Debt
Fund
205
168
37
-
GROWPLUS02116
ULIF05510/05/10
Growth Plus
Fund II
Linked life funds
3,147,361
295,097
381,658
2,470,606
funds
13,056
2,069
3,969
7,018
PREMEQGROW116
ULIF03824/07/06
Premier Equity
Growth Fund
46,864
-
62
46,802
LIFELOGAIN116
ULIF01123/07/04
Life Long Gain Fund
-
-
24,604
2,943
13,140
8,521
ACCEMIDPEN116
ULIF03324/07/06
Acc Mid Cap Pension
Fund
-
-
-
8,870
1,398
7,472
ASALLOCPEN116
ULIF04628/01/08
Asset Allocation
Pension Fund
(Rs ‘000)
417
335
82
PUREEQFUND116
ULIF02017/12/05
Pure Equity Fund
(Rs ‘000)
2,911
1,264
1,647
MAXGAINF01116
ULIF05017/12/09
Max Gain Fund I
2,411
1,027
1,384
PREREQINDX116
ULIF03924/07/06
Fund
325
-
325
LIQUIDFUND116
ULIF02510/07/06
Liquid Fund
(Rs ‘000)
193
194
CASHPLUPEN116
BONDPENFUN116
PURESTKPEN116
LIQPENFUND116
Total
Unit payable a/c
Particulars
221
Total
275
-
275
66
-
66
-
GRDEBTFU02116
GRDEBTFUND116
-
ULGF01924/06/13
Group Debt Fund II
39
-
39
ULGF00426/03/08
Group Debt Fund
183
38
-
ULIF04717/04/08
ULIF04124/07/06
-
Pure Stock Pension
Fund
194
70
124
Liquid Pension Fund
Unit payable a/c
Particulars
43,299
Total
4,763
38,536
-
ULIF01618/11/04
ULIF03524/07/06
-
Cash Plus Pension
Fund
Bond Pension Fund
Unit payable a/c
Particulars
-
1,656
-
38
1,618
GREQTYFUND116
ULGF01018/04/11
Group Equity Fund
123,824
49,006
53,161
21,657
Total (B): Linked
pension funds
246
-
246
DEBTPLUPEN116
ULIF01518/11/04
Debt Plus Pension
Fund
-
4,277
3,915
362
GREQTYINDX116
ULGF00822/02/10
Group Equity
Index Fund
-
-
-
220
191
29
GRGROWFU02116
ULGF01311/05/11
Group Growth
Fund II
430
-
430
GRASSALLOC116
ULGF00926/02/10
Group Asset
Allocation Fund
406
-
406
EQINDEXPEN116
ULIF01318/11/04
Equity Index
Pension Fund
Linked group funds
1,641
-
8
1,633
ACCELEFUND116
ULGF00318/11/04
Accelerated Fund
16,897
229
6,459
10,209
EQTYGROPEN116
ULIF03624/07/06
Equity Growth
Pension Fund
-
-
45
-
-
-
-
-
45
GRLIQUFUND116
ULGF00503/11/08
Group Liquid Fund
GRASSALLC2116
ULGF01710/05/13
Group Asset
Allocation Fund II
Linked group funds
22,823
5,336
17,487
EQINDPEN02116
ULIF03724/07/06
Fund - II
-
-
-
-
-
GRLIQUFU02116
ULGF02124/06/13
-
-
-
-
GRBALCEDGA116
ULGF01810/05/13
Group Balanced Gain
Fund
562
286
276
EQUMIDCPEN116
ULIF01909/03/05
Equity Midcap
Pension Fund
-
-
18
-
18
RETNSHIELD116
ULGF01421/06/11
Group Return Shield
Fund
(Rs ‘000)
15
-
15
GRBLUECHIP116
ULGF01118/04/11
Group Blue Chip
Fund
(Rs ‘000)
5,663
25
2,711
2,927
EQUPLUSPEN116
ULIF01218/11/04
Equity Plus Pension
Fund
(Rs ‘000)
1
1
Unit payable a/c
Total
-
1
-
1
GRSHTRDE02116
GRSHTRMDEB116
ULGF01218/04/11
ULGF00628/02/09
-
Group Short Term
Debt Fund II
Group Short Term
Debt Fund
Particulars
GRSHTRDE03116
ULGF02024/06/13
Group Short Term
Debt Fund III
-
-
-
-
266,815
-
279
266,536
SECUREFUND116
ULGF00215/10/04
Secure Fund
Linked group funds
93,659
-
126
93,533
STABLEFUND116
ULGF00115/09/04
Stable Fund
369,119
4,106
1,693
363,320
funds
3,640,304
348,209
436,512
2,855,583
Grand total (A+B+C)
(Rs ‘000)
195
196
ACCMIDCA02116
ULIF03124/07/06
ACCEMIDCAP116
CAPGTE2017116
CAPGTE2014116
113
Total
16
-
52
Mortality charge
-
-
Switching charge
-
785
-
113
-
-
293
-
-
379
ULIF04311/01/07
ULIF04211/01/07
45
Capital Guarantee
Fund- 2017
Capital Guarantee
Fund- 2014
Surrender charge
Particulars
112,147
-
18,667
-
922
29,384
-
-
172,538
Total
29,207
-
9,052
57,407
Mortality charge
29
Switching charge
63,174
ULIF05206/01/10
Acc Mid Cap Fund
76,843
Acc Mid Cap
Fund II
Surrender charge
Particulars
-
-
-
-
-
-
2,091
-
2,091
CAPSHIEL01116
ULIF04924/11/08
Capital Shield - I
1,059,655
-
156,685
-
40,281
296,621
3
-
566,065
ASSETALLOC116
ULIF04528/09/07
Asset Allocation
Fund
4
-
-
7
-
-
1
-
-
-
-
-
-
1,788
-
1,788
CAPSHIEL02116
ULIF04824/11/08
Capital Shield - II
-
-
-
-
-
13,322
-
2,851
-
2,851
7,509
111
CASHFUNDLI116
ULIF00215/01/04
Cash Fund
27,242
-
6,414
-
569
20,259
ASSRDRETRN116
ULIF06127/01/11
Linked life funds
12
ASSETALL02116
ULIF07205/12/13
Assured Return
Fund
Linked life funds
Asset Allocation
Fund II
9,195
-
1,802
-
577
4,779
56
-
1,981
CASHPLUSFU116
ULIF01023/07/04
Cash Plus Fund
52,466
-
10,696
-
533
17,172
-
-
24,065
BLUECHIPEQ116
ULIF06026/10/10
-
1
10,923
-
2,808
-
1,333
6,749
32
DEBTFUNDLI116
ULIF00415/01/04
Debt Fund
302,511
-
52,140
-
12,456
112,363
122
-
125,430
BONDFUNDLI116
ULIF02610/07/06
Bond Fund
-
-
-
-
-
-
-
-
-
13,494
-
2,213
-
945
6,881
138
-
3,317
DEBTPLUSFU116
ULIF00923/07/04
Debt Plus Fund
(Rs ‘000)
CAPGTE2012116
ULIF04411/01/07
Capital Guarantee
Fund- 2012
(Rs ‘000)
22,604
Mortality charge
-
GROWPLUS01116
EQPLUSFUND116
44,172
Mortality charge
95,595
Total
20,414
-
7,749
38
Switching charge
-
4,342
-
729
-
-
566
-
-
3,047
ULIF05414/01/10
ULIF00723/07/04
23,222
Growth Plus Fund I
78,145
-
21,875
-
8,768
47,463
39
-
Equity Plus Fund
Surrender charge
Particulars
37,801
Total
9,596
-
5,586
12
Switching charge
-
Surrender charge
EQGAINFUND116
EQUITYFUND116
-
ULIF00523/07/04
ULIF00315/01/04
3
Equity Gain Fund
Equity Fund
Particulars
1,886
-
298
-
-
275
-
-
1,313
GROWPLUS02116
ULIF05510/05/10
Growth Plus
Fund II
1,736,275
-
287,937
-
83,908
567,036
52
-
797,342
EQGROWFUND116
ULIF02924/07/06
Equity Growth
Fund
1,336
-
227
-
5
181
-
-
923
GROWPLUS03116
ULIF05926/10/10
Growth Plus
Fund III
39,029
-
6,604
-
-
686
-
-
31,739
GTEBONDFND116
ULIF06322/09/11
Guaranteed Bond
Fund
23,193
-
3,952
-
1,636
10,051
36
-
7,518
EQINDEFUND116
ULIF00623/07/04
Equity Index Fund
Linked life funds
170,270
-
30,019
-
1,064
41,086
-
-
98,101
EQTYGROW02116
ULIF05106/01/10
Equity Growth
Fund II
Linked life funds
-
-
-
1,038
-
694
-
-
344
LIFELOGAIN116
ULIF01123/07/04
Life Long Gain Fund
2,526,770
-
359,731
-
104,743
739,889
125
-
1,322,282
EQTYINDX02116
ULIF03024/07/06
-
-
119,924
-
18,052
-
7,515
37,759
125
-
56,473
LIQUIDFUND116
ULIF02510/07/06
Liquid Fund
11,981
-
3,166
-
1,772
7,026
17
EQUMIDFUND116
ULIF01709/03/05
Equity Midcap Fund
258,127
-
43,413
-
761
28,857
-
-
185,096
MAXGAINF01116
ULIF05017/12/09
Max Gain Fund I
(Rs ‘000)
14,640
-
3,235
-
1,457
6,344
70
-
3,534
EQUMIDPLUS116
ULIF01809/03/05
Equity Midcap Plus
Fund
(Rs ‘000)
197
198
PREMIRBOND116
MAXGAINF02116
-
46,878
Mortality charge
175,354
Total
25,155
-
4,046
7
61,494
-
10,235
-
-
9,217
-
-
42,042
SHIELDPL01116
PURESTKFUN116
99,268
ULIF05313/01/10
ULIF02721/07/06
3,610
-
1,117
-
-
1,124
Shield Plus Fund I
Switching charge
6
Pure Stock Fund
Surrender charge
Particulars
50,540
Total
9,655
-
26,450
Mortality charge
-
-
-
Switching charge
1,363
ULIF02821/07/06
ULIF05814/09/10
14,435
Premier Bond
Fund
Max Gain Fund II
Surrender charge
Particulars
18,840
-
3,178
-
-
1,946
-
-
13,716
SHIELDPL02116
ULIF05610/05/10
Shield Plus Fund II
26,747
-
4,680
-
114
4,211
-
-
17,742
SHIELDPL03116
ULIF05711/08/10
3,638
-
836
-
-
1,042
1
-
1,759
PRMREQFUND116
ULIF02117/12/05
Premier Equity
Fund
Linked life funds
1,231
-
285
-
-
321
3
-
622
PRERDEBTFU116
ULIF02317/12/05
Premier Debt
Fund
3,186
-
593
-
26
530
-
-
2,037
SHIELDPL04116
ULIF06220/04/11
Shield Plus Fund IV
5,931
-
1,399
-
-
1,512
1
-
3,019
PREREQGAIN116
ULIF02217/12/05
Premier Equity Gain
Fund
Linked life funds
7,310,877
-
1,166,709
-
299,486
2,226,506
1,028
-
3,617,148
funds
18,543
-
4,754
-
-
6,142
2
-
7,645
PREMEQGROW116
ULIF03824/07/06
Premier Equity
Growth Fund
9,520
-
2,661
-
98
947
4
-
5,810
ACCEMIDPEN116
ULIF03324/07/06
Acc Mid Cap Pension
Fund
23,110
-
6,298
-
161
3,096
-
-
13,555
ASALLOCPEN116
ULIF04628/01/08
Asset Allocation
Pension Fund
(Rs ‘000)
29,440
-
4,025
-
817
8,515
1
-
16,082
PUREEQFUND116
ULIF02017/12/05
Pure Equity Fund
13,689
-
3,360
-
-
4,803
2
-
5,524
PREREQINDX116
ULIF03924/07/06
Fund
(Rs ‘000)
CASHPLUPEN116
BONDPENFUN116
633
Mortality charge
-
PURESTKPEN116
LIQPENFUND116
101
Mortality charge
1,286
-
Total
441
-
10
12
Switching charge
-
2,087
-
660
-
20
165
-
-
1,242
ULIF04717/04/08
ULIF04124/07/06
722
Pure Stock Pension
Fund
212
-
54
-
7
37
-
-
Liquid Pension Fund
Surrender charge
Particulars
7,926
Total
3,079
-
31
17
Switching charge
-
114
ULIF01618/11/04
ULIF03524/07/06
4,166
Cash Plus Pension
Fund
Bond Pension Fund
Surrender charge
Particulars
120,916
-
33,280
-
838
11,484
57
-
75,257
Total (B): Linked
pension funds
472
-
117
-
28
97
2
-
228
DEBTPLUPEN116
ULIF01518/11/04
Debt Plus Pension
Fund
264
-
87
-
-
127
-
-
50
ACCELEFUND116
ULGF00318/11/04
Accelerated Fund
21,036
-
6,249
-
61
1,433
9
-
13,284
EQTYGROPEN116
ULIF03624/07/06
Equity Growth
Pension Fund
65,807
-
14,109
-
314
43,835
-
-
7,549
GRASSALLOC116
ULGF00926/02/10
Group Asset
Allocation Fund
683
-
176
-
53
128
-
-
326
EQINDEXPEN116
ULIF01318/11/04
Equity Index
Pension Fund
GRASSALLC2116
ULGF01710/05/13
Group Asset
Allocation Fund II
-
-
-
-
-
-
-
-
-
Linked group funds
51,788
-
12,546
-
242
4,462
7
-
34,531
EQINDPEN02116
ULIF03724/07/06
Fund - II
GRBALCEDGA116
-
-
-
1
-
-
-
-
1
ULGF01810/05/13
Group Balanced Gain
Fund
339
-
121
-
8
45
4
-
161
EQUMIDCPEN116
ULIF01909/03/05
Equity Midcap
Pension Fund
-
-
-
878
-
517
-
-
361
GRBLUECHIP116
ULGF01118/04/11
Group Blue Chip
Fund
(Rs ‘000)
2,457
-
878
-
119
340
2
-
1,118
EQUPLUSPEN116
ULIF01218/11/04
Equity Plus Pension
Fund
(Rs ‘000)
199
200
GRDEBTFU02116
GRDEBTFUND116
-
456
78
-
-
344
Mortality charge
-
Switching charge
36
-
12
-
-
24
-
-
-
GRSHTRDE02116
GRSHTRMDEB116
34
ULGF01218/04/11
ULGF00628/02/09
610
-
205
-
-
405
Fund II
-
Total
-
-
-
-
GRSHTRDE03116
-
-
-
23
-
3
-
-
20
ULGF02024/06/13
5,549
-
2,418
-
-
2,624
-
-
507
SECUREFUND116
ULGF00215/10/04
-
-
44
1,827
-
1,282
-
-
501
STABLEFUND116
ULGF00115/09/04
GRLIQUFU02116
165,656
-
41,855
-
855
104,579
-
-
18,367
-
-
-
-
-
-
-
-
-
ULGF02124/06/13
funds
5,567
-
2,359
-
6
2,898
-
-
304
GRLIQUFUND116
ULGF00503/11/08
Group Liquid Fund
Stable Fund
476
-
306
-
-
133
-
-
37
GRGROWFU02116
ULGF01311/05/11
Secure Fund
Linked group funds
56,304
-
9,574
-
530
37,464
-
-
8,736
GREQTYINDX116
ULGF00822/02/10
Group Growth
Fund II
Linked group funds
Group Equity Index
Fund
Fund III
2,114
-
1,060
-
-
1,054
GREQTYFUND116
ULGF01018/04/11
Group Equity Fund
Fund
Surrender charge
Particulars
24,755
-
Total
9,580
-
5
14,064
Mortality charge
-
Switching charge
-
ULGF01924/06/13
ULGF00426/03/08
1,106
Group Debt Fund II
Group Debt Fund
Surrender charge
Particulars
-
-
-
7,597,449
-
1,241,844
-
301,179
2,342,569
1,085
-
3,710,772
Grand total
(Rs ‘000)
989
-
265
-
-
724
RETNSHIELD116
ULGF01421/06/11
Group Return Shield
Fund
(Rs ‘000)
Annexure 4 Refer note 3.23 of Schedule 16
Disclosure for Unit Linked business as per unit linked disclosure norms
I.
Performance of fund: Enclosure A
II.
Investment management
i) Activities outsourced: Nil (previous year: Nil).
ii) Fess paid for various activities charged to Policyholders’ account: Nil (previous year: Nil).
iii) Basis of payment of fees: Not applicable.
III. Related party transactions
i)
ii)
During the year details of payments and receipts made to/from related parties - Enclosure B.
Company wise details of investments held in the promoter group - Enclosure C.
IV. Industry wise disclosure of investment: Enclosure D.
V.
Unclaimed redemption of units: Nil (previous year: Nil).
VI. Highest, Lowest and Closing NAV at the end of the year: Enclosure E.
VII. Annualized expense ratio to average daily assets of the fund: Enclosure F.
VIII. Ratio of Gross income to average daily net assets: Enclosure F.
IX. Provision for doubtful debts on assets of the respective fund. – Nil (previous year: Nil).
X.
Disclosure of appreciation and/or depreciation in value of investments: Enclosure G.
201
Enclosure A : Performance of fund (absolute growth %) for the year ended March 31, 2015
Date of
inception
Fund name
SFIN
Acc Mid Cap Fund
Acc Mid Cap Fund II
6-Jan-10
24-Jul-06
Accelerated Fund
ULGF00318/11/04ACCELEFUND116
18-Nov-04
Asset Allocation Fund II
ULIF07205/12/13ASSETALL02116
24-Jul-06
FY 2015 growth
(%)
58.44
FY 2014 growth
(%)
FY 2013 growth
(%)
Since inception
growth (%)
23.44
(2.45)
284.03
58.71
23.23
(1.21)
116.50
61.47
24.97
(2.03)
319.16
21.90
14.94
9.48
298.45
28-Sep-07
32.16
17.43
5.76
123.42
5-Dec-13
27.65
NA
NA
27.65
28-Jan-08
35.37
16.53
6.44
115.02
Assured Return Fund
ULIF06127/01/11ASSRDRETRN116
27-Jan-11
12.55
4.31
10.27
38.61
26-Oct-10
24.83
19.59
7.09
46.40
Bond Fund
10-Jul-06
15.47
5.00
11.27
118.26
125.31
Bond Pension Fund
ULIF03524/07/06BONDPENFUN116
24-Jul-06
15.77
5.34
11.29
Capital Guarantee Fund- 2012
ULIF04411/01/07CAPGTE2012116
11-Jan-07
NA
NA
5.02
37.67
ULIF04211/01/07CAPGTE2014116
11-Jan-07
NA
8.14
6.80
59.33
ULIF04311/01/07CAPGTE2017116
11-Jan-07
18.15
10.57
8.44
99.46
Capital Shield - I
ULIF04924/11/08CAPSHIEL01116
24-Nov-08
NA
9.37
6.54
58.54
Capital Shield - II
24-Nov-08
NA
(4.65)
8.17
46.90
Cash Fund
ULIF00215/01/04CASHFUNDLI116
15-Jan-04
6.67
6.90
7.48
96.88
Cash Plus Fund
ULIF01023/07/04CASHPLUSFU116
23-Jul-04
8.70
8.80
9.28
132.63
Cash Plus Pension Fund
ULIF01618/11/04CASHPLUPEN116
18-Nov-04
8.49
9.03
9.44
134.50
Debt Fund
ULIF00415/01/04DEBTFUNDLI116
15-Jan-04
13.49
3.33
9.71
98.77
Debt Plus Fund
ULIF00923/07/04DEBTPLUSFU116
23-Jul-04
15.18
5.43
11.45
135.82
Debt Plus Pension Fund
ULIF01518/11/04DEBTPLUPEN116
18-Nov-04
15.24
5.81
11.41
146.17
Discontinue Life Policy Fund
ULIF07026/03/13DISCONLIFE116
26-Mar-13
0.59
10.00
NA
0.59
Discontinue Pension Policy Fund
ULIF07126/03/13DISCONPENS116
26-Mar-13
(0.05)
10.00
NA
(0.05)
Equity Fund
15-Jan-04
23.86
18.10
7.17
273.37
Equity Gain Fund
23-Jul-04
42.85
23.81
4.41
539.16
Equity Growth Fund
24-Jul-06
38.48
22.55
7.45
207.73
6-Jan-10
39.77
23.58
8.09
136.08
24-Jul-06
39.00
23.26
8.03
247.88
Equity Index Fund
23-Jul-04
25.63
19.50
8.71
419.37
24-Jul-06
25.43
18.67
6.79
170.21
Equity Index Pension Fund
ULIF01318/11/04EQINDEXPEN116
18-Nov-04
25.87
19.84
8.58
360.65
Equity Index Pension Fund - II
24-Jul-06
25.30
19.01
8.30
169.20
Equity Midcap Fund
ULIF01709/03/05EQUMIDFUND116
9-Mar-05
46.86
18.36
(3.76)
376.78
Equity Midcap Pension Fund
ULIF01909/03/05EQUMIDCPEN116
9-Mar-05
68.66
23.66
(2.46)
724.79
9-Mar-05
50.43
21.98
(2.30)
548.03
Equity Plus Fund
23-Jul-04
38.25
22.16
7.19
586.89
ULIF01218/11/04EQUPLUSPEN116
18-Nov-04
42.70
19.58
8.02
638.67
26-Feb-10
31.97
16.14
6.84
100.96
Group Asset Allocation Fund II
ULGF01710/05/13GRASSALLC2116
10-May-13
NA
NA
NA
NA
Group Balanced Gain Fund
ULGF01810/05/13GRBALCEDGA116
10-May-13
16.56
0.01
NA
16.58
ULGF01118/04/11GRBLUECHIP116
18-Apr-11
23.95
19.18
7.63
57.47
Group Debt Fund
26-Mar-08
15.97
4.93
11.07
96.17
Group Debt Fund II
24-Jun-13
15.98
3.58
NA
20.13
Group Equity Fund
ULGF01018/04/11GREQTYFUND116
18-Apr-11
41.04
18.45
8.76
85.22
22-Feb-10
24.83
18.97
7.77
59.42
ULGF01311/05/11GRGROWFU02116
11-May-11
8.88
7.71
9.32
35.53
Group Liquid Fund
ULGF00503/11/08GRLIQUFUND116
3-Nov-08
8.53
8.76
9.37
76.96
ULGF02124/06/13GRLIQUFU02116
24-Jun-13
8.42
-
NA
8.41
Group Return Shield Fund
ULGF01421/06/11RETNSHIELD116
21-Jun-11
15.38
8.44
8.12
41.99
202
Date of
inception
FY 2015 growth
(%)
FY 2014 growth
(%)
FY 2013 growth
(%)
Since inception
growth (%)
Fund name
SFIN
Group Short Term Debt Fund
ULGF00628/02/09GRSHTRMDEB116
28-Feb-09
10.82
5.11
10.54
60.22
Group Short Term Debt Fund II
ULGF01218/04/11GRSHTRDE02116
18-Apr-11
11.78
4.33
8.97
32.91
Group Short Term Debt Fund III
24-Jun-13
12.35
1.24
NA
13.75
Growth Plus Fund I
ULIF05414/01/10GROWPLUS01116
14-Jan-10
10.90
5.46
9.99
45.10
Growth Plus Fund II
10-May-10
26.51
21.63
10.17
45.87
26-Oct-10
58.53
24.37
8.58
136.60
22-Sep-11
12.59
5.30
10.81
34.20
Life Long Gain Fund
ULIF01123/07/04LIFELOGAIN116
23-Jul-04
13.01
0.74
8.99
71.52
Liquid Fund
10-Jul-06
8.53
8.59
8.98
106.03
Liquid Pension Fund
ULIF04124/07/06LIQPENFUND116
24-Jul-06
8.28
8.59
9.02
106.82
Max Gain Fund I
17-Dec-09
22.19
16.75
5.86
66.64
Max Gain Fund II
14-Sep-10
20.88
15.93
6.94
51.92
ULIF06908/02/13PENSIONBUI116
8-Feb-13
1.84
10.00
NA
1.84
Premier Bond Fund
ULIF02821/07/06PREMIRBOND116
21-Jul-06
12.43
3.36
9.04
84.57
Premier Debt Fund
ULIF02317/12/05PRERDEBTFU116
17-Dec-05
13.02
4.36
10.10
101.49
Premier Equity Fund
ULIF02117/12/05PRMREQFUND116
17-Dec-05
23.88
18.46
7.48
176.18
Premier Equity Gain Fund
ULIF02217/12/05PREREQGAIN116
17-Dec-05
41.90
18.15
7.19
295.36
Premier Equity Growth Fund
ULIF03824/07/06PREMEQGROW116
24-Jul-06
40.53
17.74
6.37
200.97
Premier Equity Index Fund
ULIF03924/07/06PREREQINDX116
24-Jul-06
23.17
16.94
6.68
138.77
Pure Equity Fund
ULIF02017/12/05PUREEQFUND116
17-Dec-05
58.13
22.46
4.87
376.86
Pure Stock Fund
21-Jul-06
57.99
23.72
6.42
354.20
ULIF04717/04/08PURESTKPEN116
17-Apr-08
62.90
19.08
6.17
264.59
Secure Fund
15-Oct-04
17.70
10.45
10.71
173.58
Shield Plus Fund I
13-Jan-10
14.75
7.13
8.66
52.16
Shield Plus Fund II
10-May-10
15.16
8.58
9.46
53.17
11-Aug-10
14.79
8.10
8.86
48.73
Shield Plus Fund IV
20-Apr-11
13.33
7.23
10.29
42.11
Stable Fund
15-Sep-04
21.77
16.04
10.80
202.53
Note:
NA indicates that the fund was non-existent/closed during the relevant financial year
203
Enclosure B: Brokerage, custodial fee or any other payments and receipts made to/from related parties (as defined in AS 18
issued by ICAI)
(Rs. '000)
Fund name
FY 2015
SFIN
Investment
purchase
Acc Mid Cap Fund
FY 2014
Interest received
-
Investment purchase
-
-
Interest received
-
Acc Mid Cap Fund II
-
-
-
-
-
-
-
-
Accelerated Fund
-
-
-
-
-
3,238
45,000
11
-
-
-
-
-
833
-
-
Assured Return Fund
-
-
-
-
-
-
-
-
Bond Fund
-
7,213
70,000
5
Bond Pension Fund
-
2,775
70,000
18
ULIF04211/01/07CAPGTE2014116
-
-
-
-
ULIF04311/01/07CAPGTE2017116
-
-
-
-
Capital Shield - I
-
-
-
-
Capital Shield - II
-
-
-
-
Cash Fund
-
-
-
-
Cash Plus Fund
-
-
-
-
-
-
-
-
Debt Fund
-
-
-
-
Debt Plus Fund
-
-
-
-
-
278
5,000
1
-
-
-
-
-
-
-
-
Equity Fund
-
-
-
-
Equity Gain Fund
-
-
-
-
Equity Growth Fund
-
-
-
-
-
-
-
-
-
-
-
-
Equity Index Fund
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Equity Midcap Fund
-
-
-
-
-
-
-
-
-
-
-
-
Equity Plus Fund
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Group Debt Fund
-
8,418
100,000
25
Group Debt Fund II
-
93
-
-
Group Equity Fund
-
-
-
-
-
-
-
-
-
-
-
-
Group Liquid Fund
-
-
-
-
-
-
-
-
204
(Rs. '000)
Fund name
FY 2015
SFIN
Investment
purchase
FY 2014
Interest received
-
Investment purchase
-
-
Interest received
-
-
-
-
-
-
-
-
-
-
-
-
-
Growth Plus Fund I
-
-
-
-
Growth Plus Fund II
-
-
-
-
-
-
-
-
-
-
-
-
Life Long Gain Fund
-
-
-
-
Liquid Fund
-
-
-
-
Liquid Pension Fund
-
-
-
-
Max Gain Fund I
-
4,348
-
-
Max Gain Fund II
-
-
-
-
-
-
-
-
Premier Bond Fund
-
833
10,000
3
Premier Debt Fund
-
-
-
-
Premier Equity Fund
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Pure Equity Fund
-
-
-
-
Pure Stock Fund
-
-
-
-
-
-
-
-
Secure Fund
-
-
-
-
Shield Plus Fund I
-
-
-
-
Shield Plus Fund II
-
-
-
-
-
-
-
-
Shield Plus Fund IV
ULIF06220/04/11SHI ELDPL04116
-
-
-
-
Stable Fund
-
-
-
-
-
28,025
300,000
63
Grand Total
205
Enclosure C: Company-wise details of investments held in the promotors group companies
(Rs. '000)
Bajaj Finance Ltd.
Fund name
SFIN
March 31, 2015
(Rs '000)
March 31, 2014
% of fund AUM
(Rs '000)
% of fund AUM
Acc Mid Cap Fund
-
-
-
-
Acc Mid Cap Fund II
-
-
-
-
-
-
-
-
Accelerated Fund
-
-
-
-
86,622
0.39%
-
-
-
-
-
-
9,172
0.64%
8,833
0.47%
Assured Return Fund
-
-
-
-
-
-
-
-
Bond Fund
77,390
0.82%
190,095
2.09%
Bond Pension Fund
25,477
2.88%
63,792
4.51%
ULIF04211/01/07CAPGTE2014116
-
-
-
-
ULIF04311/01/07CAPGTE2017116
-
-
-
-
Capital Shield - I
-
-
-
-
Capital Shield - II
-
-
-
-
Cash Fund
-
-
-
-
Cash Plus Fund
-
-
-
-
-
-
-
-
Debt Fund
-
-
-
-
Debt Plus Fund
-
-
-
-
2,038
3.10%
2,944
4.27%
-
-
-
-
-
-
-
-
Equity Fund
-
-
-
-
Equity Gain Fund
-
-
-
-
Equity Growth Fund
-
-
-
-
-
-
-
-
-
-
-
Equity Index Fund
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Equity Midcap Fund
-
-
-
-
-
-
-
-
-
-
-
-
Equity Plus Fund
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Group Debt Fund
94,775
4.20%
89,309
3.84%
Group Debt Fund II
2,038
0.06%
981
0.16%
Group Equity Fund
-
-
-
-
-
-
-
-
-
-
-
-
Group Liquid Fund
-
-
-
-
206
(Rs. '000)
Bajaj Finance Ltd.
Fund name
SFIN
March 31, 2015
March 31, 2014
(Rs '000)
% of fund AUM
(Rs '000)
% of fund AUM
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Growth Plus Fund I
-
-
-
-
Growth Plus Fund II
-
-
-
-
-
-
-
-
-
-
-
-
Life Long Gain Fund
-
-
-
-
Liquid Fund
-
-
-
-
Liquid Pension Fund
-
-
-
-
Max Gain Fund I
-
-
46,126
0.51%
Max Gain Fund II
-
-
-
-
-
-
-
-
Premier Bond Fund
8,153
4.49%
8,833
4.22%
Premier Debt Fund
-
-
-
-
Premier Equity Fund
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Pure Equity Fund
-
-
-
-
Pure Stock Fund
-
-
-
-
-
-
-
-
Secure Fund
-
-
-
-
Shield Plus Fund I
-
-
-
-
Shield Plus Fund II
-
-
-
-
-
-
-
-
Shield Plus Fund IV
-
-
-
-
Stable Fund
-
-
-
-
Total
% of ULIP AUM
305,664
410,913
0.14%
0.19%
207
Enclosure D: Industry wise disclosure of investments (with exposure of 10% and above)
(Rs. '000)
March 31, 2015
Industry
Security name
March 31, 2014
Asset class
Market value
% of AUM
Market value
% of AUM
Acc Mid Cap Fund - ULIF03124/07/06ACCEMIDCAP116
Civil engineering
Voltas Limited
Equity
198,700
3.29%
175,424
3.43%
Sadbhav Engineering Limited
Equity
130,312
2.16%
-
-
J Kumar Infraprojects Limited
Equity
102,813
1.70%
-
-
Gayatri Projects Limited
Equity
78,039
1.29%
33,802
0.66%
I R B Infrastructure Developers Limited
Equity
77,643
1.28%
-
-
Pratibha Industries Limited
Equity
43,750
0.72%
10,389
0.20%
I L & F S Transportation Networks Limited
Equity
42,780
0.71%
112,834
2.21%
B L Kashyap & Sons Limited
Equity
21,657
0.36%
11,431
0.22%
Kalindee Rail Nirman Engineers Limited
Equity
11,877
0.20%
-
-
IL AND FS Transportation Networks Limited Rights Form
Equity
-
-
1,070
0.02%
Ashoka Buildcon Limited
Equity
Civil engineering total
Financial and insurance activities
-
89,404
1.75%
11.71%
434,353
8.50%
Bank Of India
Equity
125,800
2.08%
-
-
Yes Bank Limited
Equity
88,301
1.46%
338,232
6.62%
Muthoot Finance Limited
Equity
87,092
1.44%
-
-
Andhra Bank Limited
Equity
57,892
0.96%
-
-
Allahabad Bank
Equity
52,960
0.88%
-
-
Indian Bank
Equity
46,024
0.76%
-
-
Magma Fincorp Limited
Equity
29,408
0.49%
1,947
0.04%
Punjab National Bank CD (MD 04/06/2015)
CD
11,827
0.20%
-
-
9.40% State Bank Of Hyderabad FD (MD 05/01/2016)
FD
1,500
0.02%
1,500
0.03%
DCB Bank Limited
Equity
-
-
122,738
2.40%
Canara Bank
Equity
-
-
68,011
1.33%
Ing Vysya Bank Limited
Equity
-
-
130,581
2.56%
The South Indian Bank Limited
Equity
-
-
23,991
0.47%
Union Bank Of India Limited
Equity
-
-
328,285
6.43%
500,802
8.29%
1,015,285
19.88%
2.27%
total
Manufacture of electrical equipment
707,572
Hitachi Home & Life Solutions (India) Limited
Equity
336,641
5.57%
115,888
Crompton Greaves Limited New
Equity
144,441
2.39%
-
-
Alstom T&D India Limited
Equity
98,876
1.64%
156,933
3.07%
Esab India Limited
Equity
32,379
0.54%
-
-
Lloyd Electric And Engineering Limited
Equity
9,394
0.16%
-
-
621,732
10.29%
272,821
5.34%
4,164,348
68.90%
3,257,258
63.77%
49,320
0.82%
128,023
2.51%
6,043,773
100.00%
5,107,740
100.00%
total
Others
Net current assets
Grand total
Acc Mid Cap Fund II - ULIF05206/01/10ACCMIDCA02116
Civil engineering
208
Market value
% of AUM
Market value
% of AUM
Voltas Limited
Equity
184,749
3.22%
116,166
3.39%
Equity
121,163
2.11%
-
-
Equity
95,594
1.67%
-
-
Equity
72,560
1.26%
24,216
0.71%
Equity
72,191
1.26%
-
0.22%
Equity
40,678
0.71%
7,443
Equity
11,043
0.19%
-
-
Equity
-
-
766
0.02%
Equity
-
-
59,192
1.73%
(Rs. '000)
Industry
Security name
Asset class
March 31, 2015
Market value
March 31, 2014
% of AUM
Market value
% of AUM
Acc Mid Cap Fund II - ULIF05206/01/10ACCMIDCA02116
11.47%
290,691
8.48%
-
Bank Of India
Equity
116,967
2.04%
-
IDBI Bank CD (MD 02/12/2015)
CD
99,364
1.73%
-
-
Yes Bank Limited
Equity
81,927
1.43%
242,311
7.07%
Equity
80,977
1.41%
-
-
Andhra Bank Limited
Equity
53,827
0.94%
-
-
Allahabad Bank
Equity
49,241
0.86%
-
-
Indian Bank
Equity
42,792
0.75%
-
-
CD
29,568
0.52%
-
-
Equity
27,343
0.48%
1,289
0.04%
DCB Bank Limited
Equity
-
-
73,166
2.14%
Canara Bank
Equity
-
-
90,935
2.65%
Equity
-
-
160,761
4.69%
ICICI Bank CD (MD 07/01/2015)
CD
-
-
83,944
2.45%
Equity
-
-
15,887
0.46%
Equity
-
-
196,242
5.73%
582,006
10.15%
864,535
25.23%
2.21%
total
657,890
Equity
313,004
5.46%
75,601
Equity
134,299
2.34%
-
-
Equity
91,934
1.60%
114,410
3.34%
Esab India Limited
Equity
30,106
0.52%
-
-
Equity
8,735
0.15%
-
-
578,077
10.08%
190,011
5.55%
3,743,167
65.25%
2,193,347
64.01%
175,169
3.05%
-112,152
-3.27%
5,736,309
100.00%
3,426,432
100.00%
total
Others
Net current assets
Grand total
Acc Mid Cap Pension Fund - ULIF03324/07/06ACCEMIDPEN116
Civil engineering
Voltas Limited
Equity
32,188
3.35%
33,802
3.44%
Equity
21,110
2.20%
-
-
Equity
16,655
1.73%
-
-
Equity
12,642
1.32%
6,833
0.70%
Equity
12,578
1.31%
-
-
Equity
7,087
0.74%
2,100
0.21%
Equity
6,930
0.72%
21,742
2.21%
Equity
3,508
0.37%
2,311
0.24%
Equity
1,924
0.20%
-
-
Equity
-
-
216
0.02%
Equity
-
-
17,223
1.75%
114,623
11.94%
84,227
8.57%
Bank Of India
Equity
20,379
2.12%
-
-
Yes Bank Limited
Equity
14,471
1.51%
68,375
6.96%
Equity
14,108
1.47%
-
-
Andhra Bank Limited
Equity
9,378
0.98%
-
-
Allahabad Bank
Equity
8,579
0.89%
-
-
Indian Bank
Equity
7,456
0.78%
-
-
Equity
4,764
0.50%
375
0.04%
DCB Bank Limited
Equity
-
-
21,290
2.17%
Canara Bank
Equity
-
-
34,068
3.47%
209
(Rs. '000)
Industry
Security name
Asset class
March 31, 2015
Market value
March 31, 2014
% of AUM
Market value
% of AUM
Acc Mid Cap Pension Fund - ULIF03324/07/06ACCEMIDPEN116
Equity
-
-
Equity
-
Equity
79,136
total
19,177
1.95%
-
4,623
0.47%
-
49,731
5.06%
8.24%
197,639
20.11%
2.19%
Equity
54,534
5.68%
21,492
Equity
23,399
2.44%
-
-
Equity
16,018
1.67%
32,035
3.26%
Esab India Limited
Equity
5,245
0.55%
-
-
Equity
1,522
0.16%
-
-
total
100,717
10.49%
53,527
5.45%
Others
654,676
68.17%
641,268
65.26%
11,213
1.17%
5,983
0.61%
960,366
100.00%
982,644
100.00%
Net current assets
Grand total
Accelerated Fund - ULGF00318/11/04ACCELEFUND116
Industry
Security name
Asset class
March 31, 2015
March 31, 2014
Market value
% of AUM
Market value
% of AUM
ICICI Bank Limited
Equity
1,578
3.74%
-
-
Axis Bank Limited
Equity
1,401
3.32%
-
-
Allahabad Bank
Equity
1,218
2.89%
-
-
Equity
1,035
2.45%
-
-
HDFC Bank
Equity
1,023
2.42%
-
-
Bank Of India
Equity
979
2.32%
-
-
IDBI Bank Limited
Equity
964
2.28%
-
-
9.25% Indian Overseas Bank FD (MD 12/09/2016)
FD
-
-
2,500
4.63%
9.25% Punjab National Bank FD (MD 12/09/2016)
FD
-
-
2,500
4.63%
9.31% Syndicate Bank FD (MD 14/12/2015)
FD
-
-
2,300
4.26%
FD
-
-
2,300
4.26%
Bank Of Baroda
Equity
-
-
721
1.33%
Punjab National Bank
Equity
-
-
744
1.38%
Yes Bank Limited
Equity
-
-
3,166
5.86%
Vijaya Bank CD (MD 17/02/2015)
CD
-
-
3,689
6.83%
Equity
-
-
2,061
3.81%
9.68% Tata Sons Limited (MD 14/08/2017)
NCD
-
-
1,007
1.86%
9.62% L&T Finance Limited (MD 17/09/2014) (Option Ii)
NCD
-
-
1,050
1.94%
8,197
19.43%
22,038
40.78%
31,955
75.75%
29,789
55.12%
total
Others
Net current assets
Grand total
2,032
4.82%
2,213
4.10%
42,184
100.00%
54,040
100.00%
4.58%
671,490
2.82%
3.78%
Asset Allocation Fund - ULIF04528/09/07ASSETALLOC116
Computer programming, consultancy
and related activities
210
Infosys Limited
Equity
1,022,706
Mphasis Limited
Equity
398,747
1.78%
902,601
Tata Consultancy Services Limited
Equity
240,056
1.07%
-
-
Wipro Limited
Equity
220,470
0.99%
463,223
1.94%
Tech Mahindra Limited
Equity
194,409
0.87%
299,696
1.26%
Sasken Communication Technologies Limited
Equity
182,037
0.81%
-
-
(Rs. '000)
Industry
Security name
Asset class
March 31, 2015
Market value
March 31, 2014
% of AUM
Market value
% of AUM
HCL Technologies Limited
Equity
Computer programming,
consultancy and related activities
total
120,705
0.54%
-
-
2,379,130
10.64%
2,337,010
9.80%
4.00%
HDFC Bank
Equity
1,263,050
5.65%
955,025
ICICI Bank Limited
Equity
946,565
4.24%
1,562,188
6.55%
Yes Bank Limited
Equity
782,903
3.50%
1,048,967
4.40%
Axis Bank Limited
Equity
483,901
2.17%
-
-
Bank Of India CD (MD 25/06/2015)
CD
477,416
2.14%
-
-
Corporation Bank CD (MD 01/06/2015)
CD
295,851
1.32%
-
-
9.87% Tata Sons Limited NCD (MD 17/07/2017)
NCD
196,134
0.88%
-
-
Bank Of Baroda CD (MD 24/04/2015)
CD
194,934
0.87%
-
-
DCB Bank Limited
Equity
123,984
0.55%
-
-
NCD
100,899
0.45%
-
-
Barclays Investments & Loans (India) Limited Ds 174 Ild
(MD 14/08/2015)
ELD
93,110
0.42%
72,413
0.30%
Bank Of India
Equity
90,292
0.40%
-
-
9.25% Bajaj Finance Limited (MD 03/05/2018)
NCD
86,622
0.39%
-
-
Andhra Bank Limited
Equity
72,446
0.32%
-
-
10.25% Shriram Transport Finance Company Limited (MD
19/04/2016)
NCD
70,740
0.32%
70,243
0.29%
Equity
59,401
0.27%
-
-
8.85% Axis Bank Limited (MD 05/12/2024)
NCD
51,911
0.23%
-
-
Novo X Trust - Locomotive Series Q (MD 15/04/2019)
PTC
51,453
0.23%
22,322
0.09%
FD
51,400
0.23%
435,700
1.83%
9.98%ICICIbl(Maturity-Perpetual)
(Callandstepup13/09/16)10.98%
NCD
50,911
0.23%
50,255
0.21%
CD
46,397
0.21%
-
-
Novo X Trust - Locomotive Series T (MD 15/10/2020)
PTC
42,550
0.19%
16,865
0.07%
9.10% State Bank Of Hydrabad FD (MD 01/03/2019)
FD
41,000
0.18%
19,200
0.08%
9.10% State Bank Of Hydrabad FD (19/06/2020)
FD
37,000
0.17%
29,000
0.12%
FD
34,000
0.15%
5,000
0.02%
9.50% Canara Bank FD (MD 01/03/2019)
FD
23,500
0.11%
-
-
Novo X Trust - Locomotive Series S (MD 15/04/2020)
PTC
20,564
0.09%
16,291
0.07%
11.35% Shriram Transport Finance Co Limited (MD
11/07/2016) (P/C 13/07/2015)
NCD
20,122
0.09%
20,365
0.09%
01/06/2017) (P/C 02/06/2015)
NCD
20,027
0.09%
19,981
0.08%
9.15% ICICI Bank FD (MD 18/03/2019)
FD
18,000
0.08%
57,000
0.24%
9.15% ICICI Bank FD (MD 09/03/2020)
FD
13,550
0.06%
3,400
0.01%
9.30% State Bank Of Bikaner And Jaipurfd (MD
15/12/2021)
FD
9,900
0.04%
9,900
0.04%
9.30% State Bank Of Bikaner & Jaipur FD (MD 01/12/2021)
FD
9,900
0.04%
9,900
0.04%
FD
9,900
0.04%
9,900
0.04%
FD
9,900
0.04%
9,900
0.04%
FD
9,900
0.04%
9,900
0.04%
FD
8,000
0.04%
9,900
0.04%
11.50% ICICI Bank Limited (MD 05/01/2019)
NCD
6,655
0.03%
5,408
0.02%
Sundaram Finance Limited CP (MD 11/02/2016)
CP
4,643
0.02%
-
-
10.50% Shriram Transport Finance Company Ltd (MD
01/06/2015) Option -III
NCD
4,444
0.02%
-
-
9.25% State Bank Of India FD (MD 18/08/2021)
FD
3,200
0.01%
3,200
0.01%
FD
3,100
0.01%
3,100
0.01%
211
(Rs. '000)
Industry
Security name
Asset class
March 31, 2015
Market value
March 31, 2014
% of AUM
Market value
% of AUM
11.60% Shriram Transport Finance Co. Limited (MD
11/07/2016) (P/C 12/07/2015)
NCD
3,014
0.01%
3,057
0.01%
9.75% IL&FS Limited (MD 11/08/2018)
NCD
2,086
0.01%
2,012
0.01%
9.15% Canara Bank FD (MD 29/06/2020)
FD
800
0.00%
800
0.00%
NCD
514
0.00%
1,939
0.01%
FD
500
0.00%
160
0.00%
10.25% Shriram Transport Finance Company Ltd (MD
01/06/2015)
NCD
327
0.00%
980
0.00%
8.75% State Bank Of India Fd( Md 17/03/2020)
FD
-
-
3,250
0.01%
9.00% Canara Bank FD (MD 09/03/2020)
FD
-
-
2,200
0.01%
9.00% Canara Bank FD (MD 21/12/2020)
FD
-
-
2,000
0.01%
FD
-
-
71,500
0.30%
NCD
-
-
4,874
0.02%
9.15% Canara Bank FD (MD 02/11/2020)
FD
-
-
4,800
0.02%
FD
-
-
13,700
0.06%
9.50% State Bank Of Bikaner And Jaipur FD (MD
01/12/2020)
FD
-
-
17,700
0.07%
03/02/2020)
FD
-
-
7,300
0.03%
FD
-
-
105,400
0.44%
9.60% State Bank Of Travancore FD (MD 02/02/2022)
FD
-
-
19,800
0.08%
FD
-
-
2,200
0.01%
9.75 % State Bank Of Bikaner & Jaipur FD (MD
16/07/2021)
FD
-
-
11,650
0.05%
Bank Of Baroda
Equity
-
-
574,506
2.41%
State Bank Of India
Equity
-
-
510,381
2.14%
Housing Development Finance Corporation
Equity
-
-
148,189
0.62%
17/12/2021)
FD
-
-
9,900
0.04%
CD
-
-
2,357
0.01%
Indian Bank CD (MD 04/09/2014)
CD
-
-
1,928
0.01%
OBC CD (MD 22/09/2014)
CD
-
-
480
0.00%
9% IL&FS (MD 09/07/2014)
NCD
-
-
29,936
0.13%
Canara Bank
Equity
-
-
276,712
1.16%
Equity
-
-
361,485
1.52%
CD
-
-
209,826
0.88%
HDFC Bank CD (MD 09/05/2014)
CD
-
-
9,919
0.04%
9.25% OBC Fd (MD 12/08/2014)
FD
-
-
400
0.00%
NCD
-
-
6,847
0.03%
01/06/2015) Option -Iii
NCD
-
-
13,341
0.06%
9.50% IDBI Bank Limited Fd (MD 11/08/2014)
FD
-
-
330
0.00%
total
5,947,411
26.61%
6,907,182
28.96%
Others
13,702,555
61.31%
14,049,560
58.90%
321,538
1.44%
559,667
2.35%
22,350,634
100.00%
23,853,420
100.00%
Net current assets
Grand total
Asset Allocation Fund II - ULIF07205/12/13ASSETALL02116
212
HDFC Bank
Equity
13,232
3.75%
-
-
ICICI Bank Limited
Equity
9,959
2.82%
-
-
Yes Bank Limited
Equity
8,802
2.49%
-
-
Axis Bank Limited
Equity
5,102
1.45%
-
-
(Rs. '000)
Industry
Security name
Asset class
March 31, 2015
Market value
March 31, 2014
% of AUM
Market value
% of AUM
Asset Allocation Fund II - ULIF07205/12/13ASSETALL02116
DCB Bank Limited
Equity
1,299
Andhra Bank Limited
Equity
Bank Of India
Equity
Equity
total
Others
Net current assets
Grand total
0.37%
-
-
1,050
0.30%
-
-
846
0.24%
-
-
622
0.18%
-
-
40,911
11.59%
-
-
264,490
74.95%
-
-
47,497
13.46%
1,050
100.00%
352,898
100.00%
1,050
100.00%
Asset Allocation Pension Fund - ULIF04628/01/08ASALLOCPEN116
Infosys Limited
Equity
67,203
Mphasis Limited
Equity
Equity
Wipro Limited
Equity
67,406
3.55%
26,184
1.82%
72,296
3.81%
21,816
1.52%
-
-
13,765
0.96%
36,156
1.91%
Equity
12,765
0.89%
24,668
1.30%
Equity
11,954
0.83%
-
-
Equity
7,926
0.55%
-
-
161,612
11.24%
200,527
10.57%
4.47%
total
4.67%
HDFC Bank
Equity
82,939
5.77%
84,787
ICICI Bank Limited
Equity
61,976
4.31%
162,376
8.56%
Yes Bank Limited
Equity
50,793
3.53%
86,672
4.57%
Axis Bank Limited
Equity
31,787
2.21%
-
-
NCD
9,172
0.64%
8,833
0.47%
DCB Bank Limited
Equity
8,142
0.57%
-
-
Bank Of India
Equity
5,293
0.37%
-
-
Andhra Bank Limited
Equity
4,459
0.31%
-
-
Equity
3,901
0.27%
-
-
9.75% IL&FS Limited (MD 11/08/2018)
NCD
1,460
0.10%
1,408
0.07%
FD
-
-
1,500
0.08%
8.75% State Bank Of India Fd(MD 18/03/2020)
FD
-
-
1,000
0.05%
FD
-
-
500
0.03%
9.00% Canara Bank FD (MD 09/03/2020)
FD
-
-
3,500
0.18%
9.00% Canara Bank FD (MD 21/12/2020)
FD
-
-
4,650
0.25%
FD
-
-
5,000
0.26%
9.15% Canara Bank FD (MD 29/06/2020)
FD
-
-
1,000
0.05%
9.15% ICICI Bank FD (MD 09/03/2020)
FD
-
-
500
0.03%
03/02/2020)
FD
-
-
4,000
0.21%
Bank Of Baroda
Equity
-
-
28,841
1.52%
State Bank Of India
Equity
-
-
27,818
1.47%
Equity
-
-
12,577
0.66%
Canara Bank
Equity
-
-
17,983
0.95%
Equity
-
-
23,881
1.26%
CD
-
-
139,884
7.38%
CD
-
-
9,919
0.52%
NCD
-
-
2,754
0.15%
259,921
18.08%
629,383
33.19%
1,002,712
69.75%
1,043,454
55.02%
total
Others
213
(Rs. '000)
Industry
Security name
Asset class
March 31, 2015
Market value
March 31, 2014
% of AUM
Market value
% of AUM
Asset Allocation Pension Fund - ULIF04628/01/08ASALLOCPEN116
Net current assets
Grand total
13,277
0.92%
23,120
1.22%
1,437,523
100.00%
1,896,483
100.00%
Assured Return Fund - ULIF06127/01/11ASSRDRETRN116
FD
39,600
5.78%
19,800
3.61%
9.15% Exim (MD 25/02/2021)
NCD
34,259
5.00%
32,231
5.87%
9.15% ICICI Bank FD (MD 18/03/2019)
FD
25,000
3.65%
-
-
PTC
23,728
3.46%
-
-
PTC
22,296
3.25%
19,346
3.53%
NCD
21,457
3.13%
-
-
9.15% Canara Bank FD (MD 19/03/2020)
FD
16,500
2.41%
8,000
1.46%
2.37%
9.15% ICICI Bank FD (MD 09/03/2020)
FD
13,000
1.90%
13,000
NCD
12,451
1.82%
-
-
FD
12,000
1.75%
12,000
2.19%
9.25% Oriental Bank Of Commerce FD (MD 05/01/2022)
FD
9,900
1.44%
9,900
1.80%
FD
9,900
1.44%
9,900
1.80%
16/12/2021)
FD
9,900
1.44%
9,900
1.80%
03/02/2020)
FD
8,000
1.17%
8,000
1.46%
9.15% ICICI Bank FD ( Md 05/01/2021)
FD
5,300
0.77%
5,300
0.97%
263,293
38.41%
147,377
26.86%
total
(Infra)
8.55% IRFC NCD (MD 15/01/2019)
NCD
50,732
7.40%
18,438
3.36%
9.29% PFC (MD 21/08/2022) Put/Call 21/08/2020
NCD
20,835
3.04%
19,675
3.59%
8.70% Power Finance Corporation Limited NCD (MD
15/01/2020)
NCD
14,223
2.07%
13,438
2.45%
9.75% Rural Electrification Corporation Limited (MD
11/11/2021)
NCD
7,495
1.09%
7,040
1.28%
9.61% Power Finance Corporation Limited Series 75 C
(MD 29/06/2021)
NCD
3,184
0.46%
-
-
9.57% IRFC Limited (MD 31/05/2021)
NCD
2,137
0.31%
2,018
0.37%
8.65% Rural Electrification (MD 15 Jan 2019)
NCD
-
-
10,626
1.94%
9.48% Rec Limited NCD Option Iii (MD 10/08/2021)
NCD
-
-
21,820
3.98%
98,605
14.38%
93,055
16.96%
243,818
35.57%
255,300
46.53%
(Infra) total
Others
Net current assets
Grand total
79,776
11.64%
52,974
9.65%
685,492
100.00%
548,707
100.00%
168,201
7.06%
Blue Chip Equity Fund - ULIF06026/10/10BLUECHIPEQ116
Infosys Limited
Equity
271,517
8.21%
Equity
145,997
4.42%
55,432
2.33%
Wipro Limited
Equity
76,330
2.31%
46,747
1.96%
Equity
38,147
1.15%
-
-
Equity
11,768
0.36%
5,546
0.23%
543,758
16.45%
275,926
11.59%
5.09%
total
214
Equity
202,318
6.12%
121,146
HDFC Bank
Equity
202,005
6.11%
151,456
6.36%
ICICI Bank Limited
Equity
161,722
4.89%
150,743
6.33%
(Rs. '000)
Industry
Security name
Asset class
March 31, 2015
Market value
March 31, 2014
% of AUM
Market value
% of AUM
Blue Chip Equity Fund - ULIF06026/10/10BLUECHIPEQ116
State Bank Of India
Equity
58,953
1.78%
26,169
1.10%
Axis Bank Limited
Equity
49,488
1.50%
44,734
1.88%
Indusind Bank Limited
Equity
34,727
1.05%
19,116
0.80%
Kotak Mahindra Bank Limited
Equity
16,657
0.50%
28,627
1.20%
Bank Of Baroda
Equity
12,547
0.38%
19,314
0.81%
Yes Bank Limited
Equity
11,314
0.34%
-
-
CD
9,856
0.30%
-
-
Equity
7,401
0.22%
12,516
0.53%
Coal India Limited
Equity
6,859
0.21%
5,894
0.25%
773,846
23.41%
579,715
24.35%
1,954,907
59.13%
1,498,838
62.95%
33,526
1.01%
26,622
1.12%
3,306,037
100.00%
2,381,101
100.00%
total
Others
Net current assets
Grand total
Bond Fund - ULIF02610/07/06BONDFUNDLI116
NCD
165,762
1.76%
313,730
3.45%
15/07/2019)
NCD
134,716
1.43%
-
-
Novo X Trust - Locomotive Series N (MD 15/10/2017)
PTC
116,083
1.24%
102,699
1.13%
NCD
114,204
1.22%
-
-
Novo X Trust - Locomotive Series O (MD 15/04/2018)
PTC
111,604
1.19%
98,133
1.08%
Novo X Trust - Locomotive Series K (MD 15/04/2016)
PTC
108,770
1.16%
98,417
1.08%
Novo X Trust - Locomotive Series P (MD 15/10/2018)
PTC
107,065
1.14%
93,474
1.03%
9.10% HDFC Bank (MD 05/09/2016)
NCD
101,166
1.08%
99,418
1.09%
19/04/2016)
NCD
65,875
0.70%
65,413
0.72%
NCD
50,893
0.54%
50,058
0.55%
NCD
26,496
0.28%
24,535
0.27%
NCD
13,174
0.14%
30,254
0.33%
11/07/2016) (P/C 13/07/2015)
NCD
4,629
0.05%
4,685
0.05%
9.75% IL&FS Limited (MD 11/08/2018)
NCD
3,129
0.03%
1,006
0.01%
01/06/2017) (P/C 02/06/2015)
NCD
2,503
0.03%
2,498
0.03%
NCD
1,109
0.01%
1,082
0.01%
FD
-
-
10,250
0.11%
9.50% Canara Bank FD (MD 01/03/2019)
FD
-
-
5,100
0.06%
FD
-
-
2,000
0.02%
FD
-
-
9,000
0.10%
9% IL&FS (MD 09/07/2014)
NCD
-
-
8,981
0.10%
Oriental Bank Of Commerce CD (MD 01/12/2014)
CD
-
-
2,830
0.03%
CD
-
-
73,813
0.81%
CD
-
-
101,413
1.11%
NCD
-
-
155,875
1.71%
NCD
-
-
101,462
1.11%
NCD
-
-
6,847
0.08%
NCD
-
-
50,085
0.55%
9.62% L&T Finance Limited 2014 (MD 29/09/2014)
NCD
-
-
26,038
0.29%
27/01/2015)
NCD
-
-
200,647
2.20%
0% Bajaj Finance Limited (MD 24/09/2014)
ZCB
-
-
115,502
1.27%
215
(Rs. '000)
Industry
Security name
Asset class
March 31, 2015
Market value
March 31, 2014
% of AUM
Market value
% of AUM
Bond Fund - ULIF02610/07/06BONDFUNDLI116
total
1,127,177
12.00%
1,855,242
20.38%
Others
8,006,001
85.21%
6,961,578
76.48%
262,413
2.79%
285,201
3.13%
9,395,592
100.00%
9,102,021
100.00%
Net current assets
Grand total
Bond Pension Fund - ULIF03524/07/06BONDPENFUN116
9.75% IL&FS Limited (MD 11/08/2018)
NCD
52,142
5.90%
50,292
3.55%
NCD
25,477
2.88%
63,792
4.51%
NCD
20,764
2.35%
-
-
15/07/2019)
NCD
20,725
2.34%
-
-
10.10% Hdb Financial Services Limited (MD 12/06/2017)
NCD
20,713
2.34%
20,363
1.44%
NCD
16,636
1.88%
16,225
1.15%
NCD
-
-
2,925
0.21%
Indian Overseas Bank CD (MD 29/04/2014)
CD
-
-
59,544
4.21%
CD
-
-
99,917
7.06%
NCD
-
-
30,361
2.15%
NCD
-
-
50,731
3.58%
total
156,458
17.69%
394,149
27.85%
Others
702,129
79.38%
1,027,425
72.59%
25,875
2.93%
-6,258
-0.44%
884,463
100.00%
1,415,316
100.00%
Net current assets
Grand total
Capital Guarantee Fund- 2012 - ULIF04411/01/07CAPGTE2012116
Net current assets
-
-
-
-
Grand total
-
-
-
-
161.58%
Others
-
-
900
Net current assets
-
-
-343
-61.58%
Grand total
-
-
557
100.00%
total
Others
Equity
645
3.39%
584
3.06%
HDFC Bank
Equity
612
3.22%
604
3.16%
ICICI Bank Limited
Equity
603
3.17%
642
3.37%
Axis Bank Limited
Equity
237
1.25%
168
0.88%
State Bank Of India
Equity
226
1.19%
221
1.16%
Equity
162
0.85%
130
0.68%
Bank Of Baroda
Equity
52
0.27%
61
0.32%
Equity
32
0.17%
45
0.23%
2,567
13.50%
2,454
12.86%
16,296
85.69%
16,465
86.31%
Net current assets
Grand total
153
0.81%
159
0.83%
19,017
100.00%
19,078
100.00%
Capital Shield - I - ULIF04924/11/08CAPSHIEL01116
Others
-
-
78,466
1258.13%
Net current assets
-
-
-72,229
-1158.13%
216
(Rs. '000)
Industry
Security name
Asset class
March 31, 2015
Market value
March 31, 2014
% of AUM
Market value
% of AUM
Capital Shield - I - ULIF04924/11/08CAPSHIEL01116
Grand total
-
-
6,237
100.00%
Others
-
-
87,874
988.29%
Net current assets
-
-
-78,982
-888.29%
Grand total
-
-
8,892
100.00%
Capital Shield - II - ULIF04824/11/08CAPSHIEL02116
Cash Fund - ULIF00215/01/04CASHFUNDLI116
8.85% Corporation Bank FD (MD 10/03/2016)
FD
40,000
8.92%
-
-
9.00% IDBI Bank FD (MD 10/03/2016)
FD
40,000
8.92%
-
-
FD
34,100
7.61%
-
-
FD
30,000
6.69%
-
-
Canara Bank CD (MD 04/03/2016)
CD
25,939
5.79%
-
-
CD
25,401
5.67%
-
-
Axis Bank CD (MD 30/10/2015)
CD
20,487
4.57%
-
-
CP
20,427
4.56%
-
-
8.75 % Punjab National Bank FD (Quarterly Compounding)
(MD 09/03/2016)
FD
20,000
4.46%
-
-
CD
17,458
3.89%
-
-
Tata Capital Limited CP (MD 12/06/2015)
CP
17,306
3.86%
-
-
CD
13,213
2.95%
-
-
L&T Finance Limited CP (MD 28/09/2015)
CP
8,136
1.82%
-
-
CD
-
-
45,445
7.87%
CD
-
-
45,649
7.90%
CD
-
-
3,866
0.67%
CD
-
-
48,189
8.34%
CD
-
-
30,764
5.33%
OBC CD (MD 22/09/2014)
CD
-
-
34,552
5.98%
State Bank Of Patiala CD (MD 04/09/2014)
CD
-
-
29,872
5.17%
CD
-
-
20,232
3.50%
CD
-
-
13,833
2.40%
9.25% Saraswat Bank Fd (MD 05/03/2015) (Quarterly
Payout)
FD
-
-
45,000
7.79%
9.00% Union Bank Of India Fd (MD 15/05/2014)
FD
-
-
10,000
1.73%
Kotak Mahindra Prime Limited CP (MD 03/10/2014)
CP
-
-
19,032
3.30%
CP
-
-
35,655
6.17%
312,467
69.71%
382,089
66.16%
total
(Housing)
Sundaram Bnp Paribas Home Finance Limited CP (MD
09/06/2015)
CP
32,464
7.24%
-
-
HDFC Limited CP (MD 09/12/2015)
CP
18,883
4.21%
-
-
14/09/2015)
CP
8,646
1.93%
-
-
GIC Housing Finance Limited CP (MD 09/04/2014)
CP
-
-
27,937
4.84%
09/12/2014)
CP
-
-
8,428
1.46%
59,993
13.38%
36,365
6.30%
Others
39,383
8.79%
85,897
14.87%
Net current assets
36,422
8.13%
73,133
12.66%
448,264
100.00%
577,484
100.00%
(Housing) total
Grand total
Cash Plus Fund - ULIF01023/07/04CASHPLUSFU116
FD
60,000
8.91%
-
-
9.50% Ratnakar Bank FD (MD 03/11/2015)
FD
60,000
8.91%
-
-
217
(Rs. '000)
Industry
Security name
Asset class
March 31, 2015
Market value
March 31, 2014
% of AUM
Market value
% of AUM
Cash Plus Fund - ULIF01023/07/04CASHPLUSFU116
9.00% IDBI Bank FD (MD 10/03/2016)
FD
60,000
8.91%
-
-
FD
59,250
8.80%
-
-
CD
58,182
8.64%
-
-
CP
41,638
6.18%
-
-
FD
40,000
5.94%
-
-
CP
30,177
4.48%
-
-
CP
27,040
4.01%
-
-
(MD 09/03/2016)
FD
20,000
2.97%
-
-
FD
3,800
0.56%
-
-
CD
-
-
69,559
7.89%
CD
-
-
32,606
3.70%
CD
-
-
3,960
0.45%
CD
-
-
71,802
8.15%
CD
-
-
49,620
5.63%
OBC CD (MD 22/09/2014)
CD
-
-
78,413
8.90%
CD
-
-
21,199
2.41%
CD
-
-
71,271
8.09%
CD
-
-
47,033
5.34%
9.25% Saraswat Bank FD (MD 05/03/2015) (Quarterly
Payout)
FD
-
-
40,000
4.54%
9.00% Union Bank Of India FD (MD 15/05/2014)
FD
-
-
10,000
1.13%
Syndicate Bank CD (MD 09/09//2014)
CD
-
-
4,029
0.46%
9.00% Union Bank Of India FD (MD 16/06/2014) (Pd
10/06/2013)
FD
-
-
9,900
1.12%
10/06/2013)
FD
-
-
9,900
1.12%
10/06/2013)
FD
-
-
9,900
1.12%
10/06/2013)
FD
-
-
9,900
1.12%
CP
-
-
13,323
1.51%
CP
-
-
42,223
4.79%
CP
-
-
9,346
1.06%
460,087
68.31%
603,984
68.55%
total
(Housing)
09/06/2015)
CP
38,367
5.70%
-
-
PNB Housing Finance Limited CP (MD 14/12/2015)
CP
31,997
4.75%
-
-
14/09/2015)
CP
24,016
3.57%
-
-
CP
-
-
44,899
5.10%
09/12/2014)
CP
-
-
23,412
2.66%
(Housing) total
94,379
14.01%
68,312
7.75%
Others
60,043
8.91%
128,650
14.60%
Net current assets
59,059
8.77%
80,141
9.10%
673,569
100.00%
881,087
100.00%
Grand total
Cash Plus Pension Fund - ULIF01618/11/04CASHPLUPEN116
218
CP
3,442
10.36%
-
-
CP
3,350
10.09%
-
-
CD
3,123
9.40%
-
-
CD
2,957
8.90%
-
-
(Rs. '000)
Industry
Security name
Asset class
March 31, 2015
Market value
March 31, 2014
% of AUM
Market value
% of AUM
Cash Plus Pension Fund - ULIF01618/11/04CASHPLUPEN116
CD
2,859
8.61%
-
CD
2,854
8.59%
-
-
FD
2,000
6.02%
-
-
FD
2,000
6.02%
-
-
CP
1,393
4.19%
-
-
CD
-
-
2,782
7.66%
CD
-
-
2,891
7.96%
OBC CD (MD 22/09/2014)
CD
-
-
2,879
7.93%
CD
-
-
1,747
4.81%
CD
-
-
2,767
7.62%
CD
-
-
2,790
7.68%
CP
-
-
1,903
5.24%
23,977
72.18%
17,760
48.89%
3,428
10.32%
-
-
(Infra) total
3,428
10.32%
-
-
Others
3,704
11.15%
13,942
38.38%
Net current assets
2,111
6.36%
4,624
12.73%
33,220
100.00%
36,326
100.00%
total
(Infra)
Power Finance Corporation Limited CP (MD 29/06/2015)
CP
Grand total
-
Debt Fund - ULIF00415/01/04DEBTFUNDLI116
NCD
20,764
3.56%
-
-
NCD
19,613
3.36%
30,365
4.92%
9.75% IL&FS Limited (MD 11/08/2018)
NCD
11,471
1.97%
11,064
1.79%
NCD
11,091
1.90%
10,817
1.75%
15/07/2019)
NCD
10,363
1.78%
-
-
NCD
7,250
1.24%
7,127
1.15%
CD
-
-
19,848
3.21%
NCD
-
-
14,672
2.38%
NCD
-
-
10,017
1.62%
80,552
13.81%
103,910
16.83%
31,256
5.36%
30,043
4.87%
total
(Infra)
9.61% RECL Limited NCD (MD 03/01/2019)
NCD
9.32% PFC Bond Series 117 (MD 19/08/2017)
NCD
25,552
4.38%
-
-
NCD
14,648
2.51%
15,121
2.45%
9.57% IRFC Limited (MD 31/05/2021)
NCD
4,275
0.73%
4,036
0.65%
75,731
12.99%
49,200
7.97%
407,624
69.91%
440,243
71.31%
19,198
3.29%
24,002
3.89%
583,105
100.00%
617,355
100.00%
(Infra) total
Others
Net current assets
Grand total
Debt Plus Fund - ULIF00923/07/04DEBTPLUSFU116
9.75% IL&FS Limited (MD 11/08/2018)
NCD
52,142
6.26%
50,292
5.59%
NCD
30,969
3.72%
40,487
4.50%
NCD
20,764
2.49%
-
-
15/07/2019)
NCD
10,363
1.24%
-
-
NCD
5,178
0.62%
5,091
0.57%
219
(Rs. '000)
Industry
Security name
Asset class
March 31, 2015
Market value
March 31, 2014
% of AUM
Market value
% of AUM
Debt Plus Fund - ULIF00923/07/04DEBTPLUSFU116
CD
-
-
25,802
9% IL&FS (MD 09/07/2014)
NCD
-
-
5,987
0.67%
NCD
-
-
30,361
3.37%
NCD
-
-
3,004
0.33%
119,416
14.33%
161,025
17.90%
total
(Housing)
2.87%
8.34% LIC Housing Finance Limited NCD (MD
28/05/2018)
NCD
40,122
4.82%
38,380
4.27%
9.39% LIC HFL NCD (MD 23/08/2024)(Put Date
26/08/2015)
NCD
16,029
1.92%
-
-
24/07/2019)
NCD
10,427
1.25%
-
-
0% HDFC Limited (MD 06/02/2017)
ZCB
1,373
0.16%
-
-
9.50% HDFC Limited NCD (MD 13/08/2017)
NCD
1,026
0.12%
50,103
5.57%
9.10% LIC Housing Finance NCD (MD 05/01/2016)
NCD
-
-
13,930
1.55%
68,976
8.28%
102,412
11.38%
611,470
73.39%
590,681
65.66%
33,326
4.00%
45,517
5.06%
833,188
100.00%
899,635
100.00%
-
(Housing) total
Others
Net current assets
Grand total
Debt Plus Pension Fund - ULIF01518/11/04DEBTPLUPEN116
NCD
6,077
9.23%
-
FD
3,750
5.70%
-
-
NCD
2,038
3.10%
2,944
4.27%
9.50% Canara Bank FD (MD 01/03/2019)
FD
700
1.06%
-
-
CD
-
-
2,305
3.34%
total
12,565
19.09%
5,249
7.62%
Others
49,535
75.25%
62,757
91.07%
3,729
5.66%
907
1.32%
65,829
100.00%
68,913
100.00%
Net current assets
Grand total
Discontinued Life Policy Fund - ULIF07026/03/13DISCONLIFE116
Others
598
32.08%
-
-
Net current assets
1,266
67.92%
-
-
Grand total
1,864
100.00%
-
-
Discontinued Pension Policy Fund - ULIF07126/03/13DISCONPENS116
Others
29
42.89%
-
-
Net current assets
39
57.11%
-
-
Grand total
68
100.00%
-
-
183,293
8.50%
159,971
7.38%
Equity Fund - ULIF00315/01/04EQUITYFUND116
total
220
Infosys Limited
Equity
Equity
98,552
4.57%
87,382
4.03%
Wipro Limited
Equity
51,524
2.39%
40,860
1.88%
Equity
25,752
1.19%
-
-
Equity
7,943
0.37%
7,382
0.34%
367,064
17.01%
295,595
13.64%
(Rs. '000)
Industry
Security name
Asset class
March 31, 2015
Market value
March 31, 2014
% of AUM
Market value
% of AUM
Equity Fund - ULIF00315/01/04EQUITYFUND116
HDFC Bank
Equity
136,425
6.32%
139,864
6.45%
Equity
132,373
6.14%
106,895
4.93%
ICICI Bank Limited
Equity
101,781
4.72%
138,716
6.40%
State Bank Of India
Equity
39,960
1.85%
21,760
1.00%
Axis Bank Limited
Equity
33,406
1.55%
41,207
1.90%
Equity
23,442
1.09%
18,040
0.83%
Equity
11,244
0.52%
26,614
1.23%
Bank Of Baroda
Equity
8,469
0.39%
15,707
0.72%
Yes Bank Limited
Equity
7,508
0.35%
-
-
Equity
5,045
0.23%
10,780
0.50%
Coal India Limited
Equity
4,825
0.22%
4,020
0.19%
504,478
23.38%
523,602
24.15%
1,283,120
59.48%
1,352,070
62.37%
2,712
0.13%
-3,494
-0.16%
2,157,374
100.00%
2,167,773
100.00%
total
Others
Net current assets
Grand total
Equity Gain Fund - ULIF00523/07/04EQGAINFUND116
Infosys Limited
Equity
356,500
7.10%
312,424
7.05%
Equity
192,520
3.83%
-
-
Wipro Limited
Equity
105,410
2.10%
-
-
Mphasis Limited
Equity
51,272
1.02%
-
-
Equity
25,524
0.51%
129,292
2.92%
Mindtree Limited
Equity
-
-
94,943
2.14%
731,226
14.56%
536,660
12.11%
2.64%
total
HDFC Bank
Equity
361,304
7.19%
116,738
Yes Bank Limited
Equity
314,696
6.27%
-
-
ICICI Bank Limited
Equity
269,458
5.36%
366,667
8.28%
Axis Bank Limited
Equity
77,258
1.54%
43,815
0.99%
CD
58,034
1.16%
-
-
DCB Bank Limited
Equity
41,250
0.82%
-
-
Equity
19,851
0.40%
-
-
Bank Of India
Equity
9,440
0.19%
-
-
State Bank Of India
Equity
-
-
136,157
3.07%
Equity
-
-
229,814
5.19%
CD
-
-
471
0.01%
CD
-
-
943
0.02%
Federal Bank Limited
Equity
-
-
127,526
2.88%
IIFL Holdings Limited
Equity
-
-
55,735
1.26%
total
1,151,291
22.92%
1,077,866
24.33%
Others
3,139,235
62.50%
2,784,647
62.86%
984
0.02%
30,830
0.70%
5,022,736
100.00%
4,430,003
100.00%
Net current assets
Grand total
Equity Growth Fund - ULIF02924/07/06EQGROWFUND116
Infosys Limited
Equity
3,247,924
7.10%
2,854,326
6.28%
Equity
1,512,960
3.31%
2,346,395
5.16%
221
(Rs. '000)
Industry
Security name
Asset class
March 31, 2015
Market value
March 31, 2014
% of AUM
Market value
% of AUM
Wipro Limited
Equity
960,350
Mphasis Limited
Equity
Equity
total
222
2.10%
639,784
1.41%
467,116
1.02%
86,906
0.19%
232,537
0.51%
-
-
6,420,887
14.03%
5,927,411
13.03%
HDFC Bank
Equity
3,291,699
7.19%
3,490,456
7.67%
Yes Bank Limited
Equity
2,867,070
6.26%
1,676,271
3.69%
ICICI Bank Limited
Equity
2,454,927
5.36%
3,282,704
7.22%
Axis Bank Limited
Equity
703,869
1.54%
-
-
DCB Bank Limited
Equity
375,813
0.82%
-
-
State Bank Of Hyderabad CD (MD 08/06/2015)
CD
246,061
0.54%
-
-
Equity
180,852
0.40%
53,064
0.12%
CD
162,470
0.36%
-
-
CD
145,562
0.32%
-
-
CD
110,436
0.24%
-
-
CD
98,650
0.22%
-
-
CD
88,212
0.19%
-
-
Bank Of India
Equity
86,003
0.19%
-
-
CP
80,781
0.18%
-
-
CD
76,426
0.17%
-
-
CP
34,415
0.08%
-
-
CD
29,726
0.06%
-
-
CD
17,985
0.04%
-
-
CD
9,946
0.02%
-
-
CP
9,572
0.02%
-
-
CD
8,507
0.02%
-
-
CD
4,234
0.01%
-
-
CD
944
0.00%
-
-
FD
400
0.00%
400
-
9.00% Canara Bank FD (MD 19/06/2020)
FD
-
-
3,000
0.01%
FD
-
-
44,800
0.10%
9.15% ICICI Bank FD ( Md 05/01/2021)
FD
-
-
1,200
-
FD
-
-
750
-
FD
-
-
9,900
0.02%
FD
-
-
9,900
0.02%
FD
-
-
8,900
0.02%
Equity
-
-
1,625,443
3.57%
CD
-
-
218,761
0.48%
CD
-
-
34,407
0.08%
OBC CD (MD 22/09/2014)
CD
-
-
101,064
0.22%
CD
-
-
112,741
0.25%
Payout)
FD
-
-
20,000
0.04%
CD
-
-
218,831
0.48%
Canara Bank
Equity
-
-
102,029
0.22%
Equity
-
-
211,936
0.47%
CD
-
-
135,773
0.30%
CD
-
-
366,887
0.81%
CD
-
-
93,271
0.21%
CD
-
-
14,054
0.03%
(Rs. '000)
Industry
Security name
Asset class
March 31, 2015
Market value
March 31, 2014
% of AUM
Market value
% of AUM
CD
-
-
495,794
1.09%
CD
-
-
216,967
0.48%
CD
-
-
446,374
0.98%
CD
-
-
208,702
0.46%
11,084,559
24.22%
13,204,378
29.03%
28,259,581
61.75%
26,673,672
58.65%
total
Others
Net current assets
Grand total
625
0.00%
-326,006
-0.72%
45,765,651
100.00%
45,479,456
100.00%
6.91%
360,543
6.21%
Equity Growth Fund II - ULIF05106/01/10EQTYGROW02116
Infosys Limited
Equity
591,913
Equity
307,057
3.59%
232,794
4.01%
Wipro Limited
Equity
175,018
2.04%
80,782
1.39%
Mphasis Limited
Equity
85,129
0.99%
1,932
0.03%
Equity
42,378
0.49%
-
-
1,201,495
14.03%
676,051
11.65%
total
HDFC Bank
Equity
599,891
7.01%
440,720
7.60%
Yes Bank Limited
Equity
522,505
6.10%
168,935
2.91%
ICICI Bank Limited
Equity
447,395
5.22%
414,597
7.15%
Axis Bank Limited
Equity
128,276
1.50%
-
-
CD
102,504
1.20%
-
-
DCB Bank Limited
Equity
68,489
0.80%
-
-
Equity
32,959
0.38%
56,855
0.98%
Bank Of India
Equity
15,673
0.18%
-
-
Equity
-
-
205,235
3.54%
CD
-
-
10,376
0.18%
Canara Bank
Equity
-
-
12,882
0.22%
Equity
-
-
33,375
0.58%
CD
-
-
265,621
4.58%
total
1,917,692
22.39%
1,608,596
27.72%
Others
5,251,261
61.32%
3,448,184
59.43%
192,909
2.25%
69,341
1.20%
8,563,357
100.00%
5,802,172
100.00%
Net current assets
Grand total
Equity Growth Pension Fund - ULIF03624/07/06EQTYGROPEN116
Infosys Limited
Equity
119,480
7.16%
120,387
6.27%
Equity
64,523
3.87%
79,047
4.12%
Wipro Limited
Equity
35,328
2.12%
27,016
1.41%
Mphasis Limited
Equity
17,183
1.03%
722
0.04%
Equity
8,553
0.51%
-
-
245,068
14.69%
227,172
11.83%
total
HDFC Bank
Equity
121,090
7.26%
147,391
7.68%
Yes Bank Limited
Equity
105,469
6.32%
57,390
2.99%
ICICI Bank Limited
Equity
90,308
5.41%
138,511
7.21%
Axis Bank Limited
Equity
25,893
1.55%
-
-
DCB Bank Limited
Equity
13,825
0.83%
-
-
223
(Rs. '000)
Industry
Security name
Asset class
March 31, 2015
Market value
March 31, 2014
% of AUM
Market value
% of AUM
Equity Growth Pension Fund - ULIF03624/07/06EQTYGROPEN116
Equity
6,653
0.40%
19,094
0.99%
Bank Of India
Equity
3,164
0.19%
-
-
Equity
-
-
68,637
3.58%
Canara Bank
Equity
-
-
4,309
0.22%
Equity
-
-
11,380
0.59%
366,401
21.96%
446,712
23.27%
1,051,280
63.00%
1,234,591
64.31%
total
Others
Net current assets
Grand total
5,896
0.35%
11,322
0.59%
1,668,646
100.00%
1,919,797
100.00%
Equity Index Fund - ULIF00623/07/04EQINDEFUND116
Infosys Limited
Equity
89,996
8.42%
79,093
7.36%
Equity
48,390
4.53%
43,203
4.02%
Wipro Limited
Equity
25,297
2.37%
20,202
1.88%
Equity
12,644
1.18%
-
-
Equity
3,900
0.37%
3,649
0.34%
180,228
16.87%
146,146
13.59%
total
HDFC Bank
Equity
67,661
6.33%
69,150
6.43%
Equity
65,052
6.09%
52,850
4.92%
ICICI Bank Limited
Equity
51,750
4.84%
68,585
6.38%
State Bank Of India
Equity
19,620
1.84%
10,760
1.00%
Axis Bank Limited
Equity
16,402
1.54%
20,373
1.89%
Equity
11,509
1.08%
8,919
0.83%
Equity
5,522
0.52%
13,158
1.22%
Bank Of Baroda
Equity
4,158
0.39%
7,765
0.72%
Yes Bank Limited
Equity
3,726
0.35%
-
-
Equity
2,478
0.23%
5,330
0.50%
Coal India Limited
Equity
2,366
0.22%
1,987
0.18%
total
250,243
23.43%
258,878
24.08%
Others
636,262
59.56%
669,842
62.30%
Net current assets
Grand total
1,509
0.14%
261
0.02%
1,068,242
100.00%
1,075,127
100.00%
Equity Index Fund - II - ULIF03024/07/06EQTYINDX02116
Infosys Limited
Equity
3,694,946
8.59%
3,474,683
6.98%
Equity
1,877,674
4.36%
2,186,745
4.39%
Wipro Limited
Equity
1,038,187
2.41%
985,686
1.98%
Equity
518,899
1.21%
538,605
1.08%
Equity
227,073
0.53%
86,418
0.17%
7,356,780
17.10%
7,272,137
14.61%
total
224
HDFC Bank
Equity
2,864,284
6.66%
3,307,298
6.65%
Equity
2,590,521
6.02%
3,043,917
6.12%
ICICI Bank Limited
Equity
2,152,508
5.00%
2,918,923
5.86%
State Bank Of India
Equity
705,095
1.64%
794,714
1.60%
Axis Bank Limited
Equity
426,359
0.99%
375,163
0.75%
Equity
383,642
0.89%
327,969
0.66%
Yes Bank Limited
Equity
293,670
0.68%
-
-
(Rs. '000)
Industry
Security name
Asset class
March 31, 2015
Market value
March 31, 2014
% of AUM
Market value
% of AUM
Equity Index Fund - II - ULIF03024/07/06EQTYINDX02116
Coal India Limited
Equity
243,600
0.57%
97,251
Equity
Bank Of Baroda
Equity
226,621
0.53%
523,641
1.05%
170,609
0.40%
370,631
0.74%
Equity
116,242
0.27%
171,953
0.35%
CD
115,334
0.27%
-
-
CD
98,650
0.23%
-
-
CD
-
-
15,420
0.03%
CD
-
-
28,866
0.06%
CD
-
-
74,617
0.15%
CD
-
-
29,758
0.06%
10,387,135
24.14%
12,080,121
24.27%
25,374,500
58.98%
29,465,611
59.20%
-93,740
-0.22%
951,191
1.91%
43,024,674
100.00%
49,769,060
100.00%
total
Others
Net current assets
Grand total
0.20%
Equity Index Pension Fund - ULIF01318/11/04EQINDEXPEN116
Infosys Limited
Equity
6,682
8.59%
6,109
7.31%
Equity
3,591
4.62%
3,336
3.99%
Wipro Limited
Equity
1,876
2.41%
1,561
1.87%
Equity
937
1.20%
-
-
Equity
290
0.37%
282
0.34%
13,376
17.19%
11,288
13.50%
total
HDFC Bank
Equity
4,930
6.34%
5,342
6.39%
Equity
4,863
6.25%
4,083
4.88%
ICICI Bank Limited
Equity
3,742
4.81%
5,299
6.34%
State Bank Of India
Equity
1,465
1.88%
832
1.00%
Axis Bank Limited
Equity
1,217
1.56%
1,582
1.89%
Equity
854
1.10%
692
0.83%
Equity
410
0.53%
1,018
1.22%
Bank Of Baroda
Equity
309
0.40%
599
0.72%
Yes Bank Limited
Equity
273
0.35%
-
-
Equity
191
0.25%
409
0.49%
Coal India Limited
Equity
183
0.24%
154
0.18%
total
18,437
23.70%
20,009
23.93%
Others
45,754
58.81%
52,636
62.96%
230
0.30%
-328
-0.39%
77,798
100.00%
83,605
100.00%
Net current assets
Grand total
Equity Index Pension Fund - II - ULIF03724/07/06EQINDPEN02116
Infosys Limited
Equity
234,850
8.53%
287,557
7.45%
Equity
127,215
4.62%
157,051
4.07%
Wipro Limited
Equity
66,452
2.41%
73,462
1.90%
Equity
33,212
1.21%
-
-
Equity
10,176
0.37%
13,383
0.35%
471,905
17.13%
531,452
13.77%
total
225
(Rs. '000)
Industry
Security name
Asset class
March 31, 2015
Market value
March 31, 2014
% of AUM
Market value
% of AUM
Equity Index Pension Fund - II - ULIF03724/07/06EQINDPEN02116
Equity
170,600
6.19%
191,252
4.96%
HDFC Bank
Equity
164,724
5.98%
251,490
6.52%
ICICI Bank Limited
Equity
139,328
5.06%
249,830
6.47%
1.00%
State Bank Of India
Equity
52,002
1.89%
38,431
Axis Bank Limited
Equity
43,342
1.57%
74,088
1.92%
Equity
30,325
1.10%
32,435
0.84%
Equity
14,505
0.53%
47,937
1.24%
Bank Of Baroda
Equity
10,922
0.40%
27,859
0.72%
Yes Bank Limited
Equity
9,780
0.36%
-
-
Equity
6,745
0.24%
19,587
0.51%
Coal India Limited
Equity
5,180
0.19%
7,229
0.19%
647,452
23.50%
940,139
24.36%
1,629,984
59.17%
2,408,255
62.40%
5,440
0.20%
-20,297
-0.53%
2,754,781
100.00%
3,859,549
100.00%
total
Others
Net current assets
Grand total
Equity Midcap Fund - ULIF01709/03/05EQUMIDFUND116
Civil engineering
Voltas Limited
Equity
23,656
3.28%
44,118
6.99%
Equity
15,514
2.15%
-
-
Equity
12,240
1.70%
-
-
Equity
9,291
1.29%
-
-
Equity
9,244
1.28%
-
-
Equity
5,209
0.72%
-
-
Equity
5,093
0.71%
-
-
Equity
2,578
0.36%
-
-
Equity
226
-
-
44,118
6.99%
Equity
-
-
43,760
6.93%
Equity
-
-
33,366
5.28%
-
0.00%
77,126
12.22%
-
Bank Of India
Equity
14,977
2.07%
-
Yes Bank Limited
Equity
10,502
1.45%
-
-
Equity
10,369
1.44%
-
-
Andhra Bank Limited
Equity
6,892
0.95%
-
-
Allahabad Bank
Equity
6,305
0.87%
-
-
Indian Bank
Equity
5,479
0.76%
-
-
Equity
3,501
0.48%
-
-
DCB Bank Limited
Equity
-
-
36,202
5.73%
CD
-
-
2,891
0.46%
CD
-
-
472
0.07%
Equity
-
-
31,745
5.03%
CD
-
-
37,309
5.91%
Equity
-
-
33,780
5.35%
58,025
8.04%
142,399
22.55%
total
0.20%
11.67%
Mphasis Limited
total
1,414
84,239
Equity
40,078
5.55%
-
-
Equity
17,196
2.38%
19,557
3.10%
Equity
11,771
1.63%
-
-
(Rs. '000)
Industry
Security name
Asset class
March 31, 2015
Market value
March 31, 2014
% of AUM
Market value
% of AUM
Equity Midcap Fund - ULIF01709/03/05EQUMIDFUND116
Esab India Limited
Equity
3,855
0.53%
-
-
Equity
1,118
0.15%
-
-
74,019
10.25%
19,557
3.10%
-
total
Manufacture of pharma, medicinal
chemical and botanical products
Cadila Healthcare Limited
Equity
7,514
1.04%
-
Unichem Laboratories Limited -
Equity
5,899
0.82%
34,403
5.45%
Cipla Limited
Equity
-
-
30,624
4.85%
Biocon Ltd
Equity
-
-
9,957
1.58%
13,413
1.86%
74,983
11.88%
480,961
66.61%
292,063
46.26%
11,421
1.58%
-18,904
-2.99%
722,078
100.00%
631,342
100.00%
total
Others
Net current assets
Grand total
Equity Midcap Pension Fund - ULIF01909/03/05EQUMIDCPEN116
Civil engineering
Voltas Limited
Equity
2,158
3.29%
2,703
5.47%
Equity
1,415
2.16%
-
-
Equity
1,117
1.70%
-
-
Equity
848
1.29%
2,314
4.68%
Equity
843
1.28%
-
-
Equity
475
0.72%
-
-
Equity
465
0.71%
1,226
2.48%
Equity
235
0.36%
-
-
Equity
129
0.20%
-
-
Larsen & Toubro Limited
Equity
-
-
1,132
2.29%
Equity
-
-
12
0.02%
7,685
11.70%
7,387
14.95%
Bank Of India
Equity
1,366
2.08%
-
-
Yes Bank Limited
Equity
959
1.46%
2,757
5.58%
Equity
946
1.44%
-
-
Andhra Bank Limited
Equity
629
0.96%
-
-
Allahabad Bank
Equity
575
0.88%
-
-
Indian Bank
Equity
500
0.76%
-
-
Equity
319
0.49%
-
-
DCB Bank Limited
Equity
-
-
2,709
5.48%
ICICI Bank Limited
Equity
-
-
3,362
6.80%
Equity
-
-
2,609
5.28%
5,295
8.06%
11,436
23.14%
3,656
5.57%
-
-
total
Equity
Equity
1,569
2.39%
-
-
Equity
1,074
1.64%
-
-
Esab India Limited
Equity
352
0.54%
-
-
Equity
102
0.16%
-
-
6,752
10.28%
-
-
44,791
68.21%
31,163
63.05%
total
Others
Net current assets
Grand total
1,144
1.74%
-562
-1.14%
65,666
100.00%
49,424
100.00%
3.26%
18,537
1.86%
Equity Midcap Plus Fund - ULIF01809/03/05EQUMIDPLUS116
Civil engineering
Voltas Limited
Equity
40,382
227
(Rs. '000)
Industry
Security name
Asset class
March 31, 2015
Market value
March 31, 2014
% of AUM
Market value
% of AUM
Equity Midcap Plus Fund - ULIF01809/03/05EQUMIDPLUS116
Equity
26,483
Equity
20,894
1.69%
-
-
Equity
15,860
1.28%
-
-
Equity
15,779
1.28%
-
-
Equity
8,891
0.72%
-
-
Equity
8,694
0.70%
-
-
Equity
4,401
0.36%
-
-
Equity
2,414
0.20%
-
-
143,799
11.63%
18,537
1.86%
Mphasis Limited
Equity
-
-
56,784
5.70%
Equity
-
-
46,748
4.69%
-
0.00%
103,531
10.40%
Bank Of India
Equity
25,566
2.07%
-
-
Yes Bank Limited
Equity
17,933
1.45%
32,971
3.31%
Equity
17,700
1.43%
-
-
Andhra Bank Limited
Equity
11,765
0.95%
-
-
Allahabad Bank
Equity
10,763
0.87%
-
-
Indian Bank
Equity
9,353
0.76%
-
-
Equity
5,976
0.48%
-
5.67%
DCB Bank Limited
Equity
-
-
56,451
Equity
-
-
31,745
3.19%
Equity
-
-
52,455
5.27%
99,057
8.01%
173,622
17.44%
total
Equity
68,416
5.53%
-
-
Equity
29,354
2.37%
30,368
3.05%
Equity
20,095
1.62%
-
-
Esab India Limited
Equity
6,581
0.53%
-
-
Equity
1,909
0.15%
-
-
126,355
10.22%
30,368
3.05%
total
Manufacture of machinery and
equipment n.e.c.
-
total
-
2.14%
K S B Pumps Limited
Equity
29,960
2.42%
77,909
7.82%
Ingersoll Rand India Limited
Equity
27,221
2.20%
-
-
Siemens Limited
Equity
10,601
0.86%
34,654
3.48%
TRF Limited
Equity
6,201
0.50%
-
-
ABB Limited
Equity
4,502
0.36%
-
-
Inox Wind Limited
Equity
1,177
0.10%
-
-
79,663
6.44%
112,562
11.30%
763,405
61.72%
401,473
40.32%
Manufacture of machinery and
equipment n.e.c. total
Others
Net current assets
Grand total
24,543
1.98%
155,695
15.64%
1,236,822
100.00%
995,788
100.00%
450,602
7.09%
362,592
6.25%
Equity Plus Fund - ULIF00723/07/04EQPLUSFUND116
228
Infosys Limited
Equity
Equity
211,853
3.33%
234,480
4.04%
Wipro Limited
Equity
133,234
2.10%
81,250
1.40%
Mphasis Limited
Equity
64,805
1.02%
1,963
0.03%
(Rs. '000)
Industry
Security name
Asset class
March 31, 2015
Market value
March 31, 2014
% of AUM
Market value
% of AUM
Equity Plus Fund - ULIF00723/07/04EQPLUSFUND116
Equity
total
32,261
0.51%
-
-
892,757
14.05%
680,284
11.73%
HDFC Bank
Equity
456,674
7.19%
443,274
7.64%
Yes Bank Limited
Equity
397,764
6.26%
170,164
2.93%
ICICI Bank Limited
Equity
340,585
5.36%
416,968
7.19%
Axis Bank Limited
Equity
97,651
1.54%
-
-
DCB Bank Limited
Equity
52,138
0.82%
-
-
Equity
25,091
0.39%
57,200
0.99%
Bank Of India
Equity
11,932
0.19%
-
-
Equity
-
-
206,424
3.56%
CD
-
-
964
0.02%
OBC CD (MD 22/09/2014)
CD
-
-
2,399
0.04%
CD
-
-
156,852
2.70%
Canara Bank
Equity
-
-
12,956
0.22%
Equity
-
-
33,634
0.58%
total
1,381,835
21.74%
1,500,837
25.88%
Others
4,035,937
63.51%
3,578,379
61.69%
44,227
0.70%
40,824
0.70%
6,354,756
100.00%
5,800,324
100.00%
Net current assets
Grand total
Equity Plus Pension Fund - ULIF01218/11/04EQUPLUSPEN116
Infosys Limited
Equity
29,280
7.14%
25,750
7.26%
Equity
15,812
3.86%
-
-
Wipro Limited
Equity
8,657
2.11%
-
-
Mphasis Limited
Equity
4,211
1.03%
-
-
Equity
2,097
0.51%
13,341
3.76%
Equity
-
-
3,414
0.96%
60,058
14.65%
42,505
11.98%
4.11%
total
HDFC Bank
Equity
29,675
7.24%
14,570
Yes Bank Limited
Equity
25,847
6.30%
-
-
ICICI Bank Limited
Equity
22,131
5.40%
30,796
8.68%
Axis Bank Limited
Equity
6,345
1.55%
2,148
0.61%
DCB Bank Limited
Equity
3,388
0.83%
-
-
Equity
1,630
0.40%
-
-
Bank Of India
Equity
775
0.19%
-
-
State Bank Of India
Equity
-
-
15,719
4.43%
Equity
-
-
22,163
6.24%
89,792
21.90%
85,397
24.06%
259,704
63.33%
228,536
64.39%
522
0.13%
-1,529
-0.43%
410,076
100.00%
354,908
100.00%
total
Others
Net current assets
Grand total
Group Asset Allocation Fund - ULGF00926/02/10GRASSALLOC116
Infosys Limited
Equity
142,480
4.75%
95,661
3.31%
Mphasis Limited
Equity
55,558
1.85%
100,739
3.49%
229
(Rs. '000)
Industry
Security name
Asset class
March 31, 2015
Market value
March 31, 2014
% of AUM
Market value
% of AUM
Group Asset Allocation Fund - ULGF00926/02/10GRASSALLOC116
Equity
1.45%
-
-
Wipro Limited
Equity
31,273
1.04%
50,333
1.74%
Equity
27,087
0.90%
34,706
1.20%
Equity
25,363
0.85%
-
-
Equity
16,818
0.56%
-
-
341,931
11.41%
281,438
9.75%
4.45%
total
43,351
HDFC Bank
Equity
175,983
5.87%
128,412
ICICI Bank Limited
Equity
131,438
4.38%
194,336
6.73%
Yes Bank Limited
Equity
109,563
3.66%
121,452
4.21%
Axis Bank Limited
Equity
67,419
2.25%
-
-
9.50% Canara Bank FD (MD 01/03/2019)
FD
33,700
1.12%
64,900
2.25%
DCB Bank Limited
Equity
17,275
0.58%
-
-
Bank Of India
Equity
11,287
0.38%
-
-
Andhra Bank Limited
Equity
10,326
0.34%
-
-
NCD
9,266
0.31%
-
-
Equity
8,276
0.28%
-
-
FD
1,000
0.03%
-
-
9.00% Canara Bank FD (MD 21/12/2020)
FD
-
-
1,300
0.05%
NCD
-
-
4,874
0.17%
9.15% ICICI Bank FD ( Md 05/01/2021)
FD
-
-
5,000
0.17%
9.15% ICICI Bank FD (MD 22/06/2020)
FD
-
-
5,000
0.17%
FD
-
-
45,000
1.56%
FD
-
-
63,000
2.18%
01/12/2020)
FD
-
-
200
0.01%
03/02/2020)
FD
-
-
7,000
0.24%
FD
-
-
5,700
0.20%
Bank Of Baroda
Equity
-
-
40,125
1.39%
State Bank Of India
Equity
-
-
40,452
1.40%
Equity
-
-
16,904
0.59%
Canara Bank
Equity
-
-
25,058
0.87%
Equity
-
-
33,276
1.15%
575,534
19.20%
801,989
27.79%
2,042,878
68.15%
1,623,279
56.25%
37,232
1.24%
179,272
6.21%
2,997,575
100.00%
2,885,978
100.00%
total
Others
Net current assets
Grand total
Group Asset Allocation Fund II - ULGF01810/05/13GRBALCEDGA116
Net current assets
-
-
-
-
Grand total
-
-
-
-
Group Balanced Gain Fund - ULGF01810/05/13GRBALCEDGA116
230
Infosys Limited
Equity
271
5.43%
-
-
Mphasis Limited
Equity
203
4.08%
-
-
Wipro Limited
Equity
75
1.50%
-
-
Equity
48
0.96%
-
-
Equity
29
0.59%
-
-
(Rs. '000)
Industry
Security name
Asset class
March 31, 2015
Market value
March 31, 2014
% of AUM
Market value
% of AUM
Group Balanced Gain Fund - ULGF01810/05/13GRBALCEDGA116
total
626
12.56%
-
-
HDFC Bank
Equity
166
3.33%
-
-
ICICI Bank Limited
Equity
142
2.85%
-
-
Yes Bank Limited
Equity
123
2.47%
-
-
State Bank Of India
Equity
72
1.45%
-
-
Equity
9
0.18%
-
-
512
10.28%
-
-
3,663
73.53%
200
3.40%
180
3.62%
5,672
96.60%
4,981
100.00%
5,872
100.00%
11,192
8.38%
6,162
6.25%
total
Others
Net current assets
Grand total
Group Blue Chip Fund - ULGF01118/04/11GRBLUECHIP116
Infosys Limited
Equity
Equity
6,015
4.50%
1,625
1.65%
Wipro Limited
Equity
3,146
2.35%
1,544
1.57%
Equity
1,572
1.18%
-
-
Equity
484
0.36%
82
0.08%
22,408
16.77%
9,414
9.55%
total
HDFC Bank
Equity
8,417
6.30%
4,932
5.00%
Equity
8,370
6.26%
3,862
3.92%
ICICI Bank Limited
Equity
6,850
5.13%
4,889
4.96%
State Bank Of India
Equity
2,429
1.82%
775
0.79%
Axis Bank Limited
Equity
2,039
1.53%
1,443
1.46%
Equity
1,431
1.07%
610
0.62%
Equity
687
0.51%
921
0.93%
0.65%
Bank Of Baroda
Equity
517
0.39%
641
Yes Bank Limited
Equity
465
0.35%
-
-
Equity
310
0.23%
408
0.41%
Coal India Limited
Equity
281
0.21%
152
0.15%
total
31,796
23.80%
18,634
18.90%
Others
79,125
59.22%
62,100
63.00%
284
0.21%
8,430
8.55%
133,613
100.00%
98,576
100.00%
Net current assets
Grand total
Group Debt Fund - ULGF00426/03/08GRDEBTFUND116
NCD
94,775
4.20%
89,309
3.84%
15/07/2019)
NCD
51,814
2.30%
-
-
9.75% IL&FS Limited (MD 11/08/2018)
NCD
10,428
0.46%
10,058
0.43%
NCD
10,357
0.46%
10,182
0.44%
CD
-
-
49,620
2.13%
CD
-
-
119,851
5.15%
8.8% St Bk India(MD 05/06/21)Rset050616 (Call
06/06/2016)
NCD
-
-
9,748
0.42%
NCD
-
-
20,244
0.87%
NCD
-
-
20,241
0.87%
231
(Rs. '000)
Industry
Security name
Asset class
March 31, 2015
Market value
March 31, 2014
% of AUM
Market value
% of AUM
Group Debt Fund - ULGF00426/03/08GRDEBTFUND116
NCD
-
-
NCD
-
NCD
-
NCD
total
Others
Net current assets
Grand total
81,169
3.49%
-
9,781
0.42%
-
20,034
0.86%
-
-
3,001
0.13%
167,373
7.42%
443,238
19.03%
2,036,942
90.35%
1,745,056
74.94%
50,169
2.23%
140,373
6.03%
2,254,484
100.00%
2,328,667
100.00%
-
-
Group Debt Fund II - ULGF01924/06/13GRDEBTFU02116
NCD
60,770
1.76%
FD
49,800
1.44%
-
-
FD
33,400
0.97%
40,000
6.59%
15/07/2019)
NCD
31,088
0.90%
-
-
9.15% Exim Bank Limited (MD 18/03/2021)
NCD
28,562
0.83%
-
-
NCD
25,955
0.75%
-
-
FD
17,500
0.51%
27,500
4.53%
9.15% ICICI Bank FD (MD 18/03/2019)
FD
14,000
0.41%
-
-
16/07/2021)
FD
11,650
0.34%
-
-
03/02/2020)
FD
10,700
0.31%
-
-
FD
9,900
0.29%
-
-
FD
9,000
0.26%
-
-
FD
8,900
0.26%
-
-
FD
3,500
0.10%
-
-
9.50% Canara Bank FD (MD 01/03/2019)
FD
2,800
0.08%
-
-
01/07/2020)
FD
2,500
0.07%
-
-
FD
2,200
0.06%
-
-
NCD
2,038
0.06%
981
0.16%
FD
1,900
0.05%
-
-
FD
700
0.02%
-
-
02/11/2020)
FD
500
0.01%
-
-
CD
473
0.01%
-
-
CD
-
-
19,848
3.27%
CD
-
-
6,914
1.14%
NCD
-
-
20,292
3.34%
327,837
9.48%
115,536
19.02%
2,661,848
77.01%
395,273
65.08%
466,990
13.51%
96,590
15.90%
3,456,675
100.00%
607,399
100.00%
total
Others
Net current assets
Grand total
Group Equity Fund - ULGF01018/04/11GREQTYFUND116
232
Infosys Limited
Equity
31,183
7.10%
16,023
6.58%
Equity
16,840
3.83%
-
-
Wipro Limited
Equity
9,220
2.10%
-
-
Mphasis Limited
Equity
4,485
1.02%
-
-
(Rs. '000)
Industry
Security name
Asset class
March 31, 2015
Market value
March 31, 2014
% of AUM
Market value
% of AUM
Group Equity Fund - ULGF01018/04/11GREQTYFUND116
Equity
2,235
0.51%
8,215
3.38%
Equity
-
-
2,122
0.87%
63,963
14.55%
26,360
10.83%
3.71%
total
HDFC Bank
Equity
31,604
7.19%
9,034
Yes Bank Limited
Equity
27,527
6.26%
-
-
ICICI Bank Limited
Equity
23,570
5.36%
19,348
7.95%
Axis Bank Limited
Equity
6,758
1.54%
1,184
0.49%
DCB Bank Limited
Equity
3,608
0.82%
-
-
Equity
1,736
0.40%
-
-
Bank Of India
Equity
826
0.19%
-
-
State Bank Of India
Equity
-
-
9,383
3.86%
Equity
-
-
13,528
5.56%
CD
-
-
94
0.04%
CD
-
-
2,358
0.97%
95,630
21.76%
54,931
22.57%
279,744
63.65%
148,083
60.85%
170
0.04%
13,986
5.75%
439,508
100.00%
243,359
100.00%
total
Others
Net current assets
Grand total
Group Equity Index Fund - ULGF00822/02/10GREQTYINDX116
Infosys Limited
Equity
130,366
8.78%
145,464
7.42%
Equity
70,681
4.76%
79,462
4.05%
Wipro Limited
Equity
36,951
2.49%
37,153
1.90%
Equity
18,476
1.24%
-
-
Equity
5,705
0.38%
6,717
0.34%
262,178
17.65%
268,796
13.72%
total
Equity
87,087
5.86%
97,034
4.95%
HDFC Bank
Equity
86,939
5.85%
127,181
6.49%
ICICI Bank Limited
Equity
73,161
4.93%
126,140
6.44%
State Bank Of India
Equity
29,078
1.96%
19,601
1.00%
Axis Bank Limited
Equity
23,958
1.61%
37,471
1.91%
Equity
16,813
1.13%
16,404
0.84%
Equity
8,067
0.54%
24,202
1.23%
Bank Of Baroda
Equity
6,074
0.41%
14,091
0.72%
Yes Bank Limited
Equity
5,398
0.36%
-
-
Equity
4,146
0.28%
9,773
0.50%
Coal India Limited
Equity
3,948
0.27%
3,657
0.19%
total
344,669
23.21%
475,554
24.26%
Others
877,904
59.11%
1,216,210
62.06%
513
0.03%
-706
-0.04%
1,485,264
100.00%
1,959,854
100.00%
Net current assets
Grand total
Group Growth Fund 1 - ULGF00707/07/09GRGROWFU01116
Net current assets
-
-
-
-
Grand total
-
-
-
-
233
(Rs. '000)
Industry
Security name
Asset class
March 31, 2015
Market value
March 31, 2014
% of AUM
Market value
% of AUM
Group Growth Fund II - ULGF01311/05/11GRGROWFU02116
Novo X Trust - Locomotive Series K (MD 15/04/2016)
PTC
21,754
8.32%
19,683
8.21%
FD
20,000
7.65%
20,000
8.34%
NCD
17,228
6.59%
-
-
FD
15,000
5.74%
15,000
6.26%
FD
15,000
5.74%
-
-
7.90% Corporation Bank Lt (MD 24/03/2016)
NCD
11,937
4.56%
11,724
4.89%
FD
9,900
3.79%
9,900
4.13%
FD
7,700
2.94%
7,700
3.21%
FD
1,800
0.69%
1,800
0.75%
FD
1,000
0.38%
1,000
0.42%
9.00% Canara Bank FD (MD 21/12/2020)
FD
-
-
17,000
7.09%
FD
-
-
16,000
6.67%
9.25% OBC Fd (MD 12/08/2014)
FD
-
-
500
0.21%
9.50% State Bank Of Bikaner & Jaipur Fd (MD 09/08/2014)
FD
-
-
900
0.38%
FD
-
-
500
0.21%
121,319
46.39%
121,707
50.77%
NCD
15,375
5.88%
15,233
6.35%
9.65% HDFC Limited (MD 29/08/2016)
NCD
15,260
5.83%
15,063
6.28%
9.74% LIC Housing Finance Limited (MD 15/07/2016)
NCD
1,017
0.39%
1,006
0.42%
31,652
12.10%
31,301
13.06%
6.17%
total
(Housing)
19/09/2016)
(Housing) total
(Infra)
8.57% IRFC 29 Nov 2016
NCD
20,155
7.71%
14,789
8.80% Power Finance Corporation (07/09/2016)
NCD
14,131
5.40%
13,880
5.79%
8.78% PFC 11 Dec 2016
NCD
-
-
985
0.41%
(Infra) total
34,286
13.11%
29,655
12.37%
Others
43,478
16.62%
27,401
11.43%
Net current assets
Grand total
30,804
11.78%
29,674
12.38%
261,539
100.00%
239,737
100.00%
-
Group Liquid Fund - ULGF00503/11/08GRLIQUFUND116
234
CD
38,593
9.19%
-
CD
37,578
8.95%
-
-
CD
37,336
8.89%
-
-
CD
36,697
8.74%
-
-
CP
36,283
8.64%
-
-
FD
34,400
8.20%
-
-
CD
33,031
7.87%
-
-
CD
23,658
5.64%
-
-
CP
21,356
5.09%
-
-
FD
20,000
4.76%
-
-
CD
15,146
3.61%
-
-
FD
7,000
1.67%
-
-
CD
2,984
0.71%
-
-
CD
-
-
43,590
7.62%
CD
-
-
25,153
4.40%
CD
-
-
943
0.16%
CD
-
-
26,504
4.63%
CD
-
-
32,253
5.64%
(Rs. '000)
Industry
Security name
Asset class
March 31, 2015
Market value
March 31, 2014
% of AUM
Market value
% of AUM
Group Liquid Fund - ULGF00503/11/08GRLIQUFUND116
OBC CD (MD 22/09/2014)
CD
-
-
25,914
CD
-
-
39,218
6.85%
CD
-
-
8,277
1.45%
5.64%
CD
-
-
32,278
CD
-
-
9,592
1.68%
CD
-
-
21,391
3.74%
CP
-
-
28,149
4.92%
CP
-
-
28,039
4.90%
344,061
81.97%
321,301
56.16%
total
(Housing)
4.53%
09/06/2015)
CP
33,448
7.97%
-
-
CP
14,162
3.37%
-
-
14/09/2015)
CP
3,362
0.80%
-
-
CP
-
-
16,969
2.97%
09/12/2014)
CP
-
-
8,428
1.47%
50,973
12.14%
25,397
4.44%
24.22%
(Housing) total
Others
Net current assets
Grand total
4,194
1.00%
138,550
20,524
4.89%
86,895
15.19%
419,752
100.00%
572,143
100.00%
Group Liquid Fund II - ULGF02124/06/13GRLIQUFU02116
FD
6,000
26.15%
-
-
CD
2,854
12.44%
-
-
CP
1,914
8.34%
-
-
CP
1,857
8.09%
-
-
CD
1,478
6.44%
-
-
CP
1,475
6.43%
-
-
FD
1,000
4.36%
-
-
16,579
72.26%
-
-
Others
2,838
12.37%
-
-
Net current assets
3,527
15.37%
1,618
100.00%
22,944
100.00%
1,618
100.00%
10,729
8.18%
-
-
8,150
6.21%
8,150
6.88%
5.83%
total
Grand total
Group Return Shield Fund - ULGF01421/06/11RETNSHIELD116
NCD
16/07/2021)
FD
NCD
7,362
5.61%
6,906
FD
3,500
2.67%
-
-
FD
3,500
2.67%
3,500
2.96%
9.00% Canara Bank FD (MD 09/03/2020)
FD
3,250
2.48%
3,250
2.74%
9.15% ICICI Bank FD ( Md 05/01/2021)
FD
3,200
2.44%
3,200
2.70%
9.15% Canara Bank FD (MD 19/03/2020)
FD
2,000
1.53%
-
-
State Bank Of India
Equity
1,608
1.23%
-
-
ICICI Bank Limited
Equity
1,494
1.14%
1,343
1.13%
HDFC Bank
Equity
566
0.43%
-
-
Axis Bank Limited
Equity
344
0.26%
-
-
9.50% IDBI Bank FD (MD 30/12/2021)
FD
-
-
7,500
6.33%
Canara Bank
Equity
-
-
855
0.72%
235
(Rs. '000)
Industry
Security name
Asset class
March 31, 2015
Market value
March 31, 2014
% of AUM
Market value
% of AUM
Group Return Shield Fund - ULGF01421/06/11RETNSHIELD116
total
(Housing)
34.85%
34,704
29.31%
9.40% HDFC Limited (MD 13/04/2021)
NCD
9,454
7.21%
5,934
5.01%
NCD
7,168
5.47%
6,750
5.70%
16,623
12.68%
12,684
10.71%
(Housing) total
(Infra)
45,701
9.57% IRFC Limited (MD 31/05/2021)
NCD
8,549
6.52%
8,071
6.82%
(MD 29/06/2021)
NCD
8,490
6.47%
7,989
6.75%
11/11/2021)
NCD
1,071
0.82%
1,006
0.85%
15/01/2020)
NCD
1,016
0.77%
960
0.81%
NCD
-
-
6,943
5.86%
(Infra) total
19,126
14.58%
24,969
21.09%
Others
33,606
25.63%
31,788
26.85%
Net current assets
16,085
12.27%
14,266
12.05%
131,141
100.00%
118,411
100.00%
11,081
96.45%
12,808
96.08%
408
3.55%
523
3.92%
11,489
100.00%
13,331
100.00%
7,075
97.33%
5,690
98.28%
193
2.67%
99
1.72%
7,268
100.00%
5,789
100.00%
2,725
94.25%
3,073
97.71%
166
5.75%
72
2.29%
2,891
100.00%
3,145
100.00%
Grand total
Group Short Term Debt Fund - ULGF00628/02/09GRSHTRMDEB116
Others
Net current assets
Grand total
Group Short Term Debt Fund II - ULGF01218/04/11GRSHTRDE02116
Others
Net current assets
Grand total
Group Short Term Debt Fund III - ULGF02024/06/13GRSHTRDE03116
Others
Net current assets
Grand total
Growth Plus Fund I - ULIF05414/01/10GROWPLUS01116
9.15% ICICI Bank FD (MD 09/03/2020)
FD
10,950
9.42%
11,300
7.69%
03/02/2020)
FD
10,000
8.60%
10,700
7.28%
6.74%
9.50% IDBI Bank FD (MD 10/01/2022)
FD
9,900
8.51%
9,900
NCD
9,769
8.40%
12,603
8.58%
9.15% Canara Bank FD (MD 19/03/2020)
FD
5,700
4.90%
7,000
4.77%
FD
1,950
1.68%
3,650
2.48%
9.00% Canara Bank FD (MD 09/03/2020)
FD
1,000
0.86%
5,800
3.95%
49,269
42.37%
60,953
41.50%
NCD
10,268
8.83%
10,675
7.27%
8.50% IRFC Limited (MD 22/06/2020)
NCD
10,159
8.74%
12,459
8.48%
8.72% IDFC Limited (MD 29/09/2020)
NCD
9,154
7.87%
8,613
5.86%
0% Rural Electrification Corporation Limited (MD
15/12/2020)
ZCB
7,927
6.82%
-
-
total
(Infra)
236
8.95% Power Finance Corporation (MD 30/03/2020)
(Rs. '000)
Industry
Security name
Asset class
March 31, 2015
Market value
March 31, 2014
% of AUM
Market value
% of AUM
Growth Plus Fund I - ULIF05414/01/10GROWPLUS01116
8.65% RECL (MD 22/01/2020)
NCD
-
-
12,450
8.48%
(Infra) total
37,509
32.26%
44,197
30.09%
Others
10,870
9.35%
23,349
15.90%
Net current assets
18,629
16.02%
18,387
12.52%
116,277
100.00%
146,886
100.00%
Grand total
Growth Plus Fund II - ULIF05510/05/10GROWPLUS02116
Infosys Limited
Equity
5,686
8.52%
4,261
6.98%
Equity
3,060
4.58%
2,745
4.50%
Wipro Limited
Equity
1,600
2.40%
992
1.62%
Equity
798
1.20%
-
-
Equity
249
0.37%
95
0.15%
11,393
17.07%
8,093
13.25%
total
Equity
4,335
6.49%
2,825
4.63%
HDFC Bank
Equity
4,177
6.26%
3,899
6.38%
ICICI Bank Limited
Equity
3,189
4.78%
3,841
6.29%
1.31%
State Bank Of India
Equity
1,238
1.85%
802
Axis Bank Limited
Equity
1,037
1.55%
1,453
2.38%
Equity
727
1.09%
331
0.54%
Equity
351
0.53%
726
1.19%
Bank Of Baroda
Equity
263
0.39%
68
0.11%
Equity
191
0.29%
237
0.39%
Coal India Limited
Equity
146
0.22%
122
0.20%
total
15,654
23.45%
14,305
23.42%
Others
39,536
59.23%
38,842
63.60%
169
0.25%
-166
-0.27%
66,752
100.00%
61,074
100.00%
Net current assets
Grand total
Growth Plus Fund III - ULIF05926/10/10GROWPLUS03116
Civil engineering
Larsen & Toubro Limited
Equity
1,960
2.04%
1,412
2.27%
Voltas Limited
Equity
889
0.92%
3,093
4.97%
Equity
735
0.76%
1,403
2.25%
Equity
533
0.55%
-
-
MBL Infrastructures Limited
Equity
240
0.25%
-
-
Equity
-
-
2,648
4.26%
Equity
-
14
0.02%
4.53%
8,570
13.77%
Infosys Limited
Equity
6,824
7.10%
-
-
Equity
3,685
3.83%
2,788
4.48%
Wipro Limited
Equity
2,017
2.10%
-
-
Mphasis Limited
Equity
981
1.02%
2,617
4.21%
Equity
488
0.51%
-
-
13,995
14.56%
5,405
8.69%
total
4,357
HDFC Bank
Equity
6,915
7.20%
-
-
Yes Bank Limited
Equity
6,023
6.27%
3,155
5.07%
ICICI Bank Limited
Equity
5,157
5.37%
3,961
6.36%
237
(Rs. '000)
Industry
Security name
Asset class
March 31, 2015
Market value
March 31, 2014
% of AUM
Market value
% of AUM
Growth Plus Fund III - ULIF05926/10/10GROWPLUS03116
Axis Bank Limited
Equity
1,479
1.54%
-
-
DCB Bank Limited
Equity
790
0.82%
3,100
4.98%
Equity
380
0.40%
2,985
4.80%
Bank Of India
Equity
181
0.19%
-
-
CD
-
-
4,334
6.97%
total
20,926
21.77%
17,535
28.18%
Others
56,702
59.00%
31,493
50.61%
133
0.14%
-780
-1.25%
96,113
100.00%
62,224
100.00%
Net current assets
Grand total
Guaranteed Bond Fund - ULIF06322/09/11GTEBONDFND116
238
9.05% Exim NCD (MD 22/02/2022)
NCD
103,782
4.26%
-
-
Novo X Trust - Locomotive Series U (MD 15/04/2021)
PTC
58,415
2.40%
49,633
2.26%
9.25% Exim NCD (MD 12/07/2022)
NCD
52,482
2.16%
48,932
2.23%
NCD
37,551
1.54%
-
-
FD
29,700
1.22%
29,700
1.35%
9.00% Canara Bank FD (MD 21/12/2020)
FD
25,250
1.04%
25,250
1.15%
9.15% ICICI Bank FD ( Md 05/01/2021)
FD
22,100
0.91%
22,100
1.01%
FD
19,800
0.81%
19,800
0.90%
9.15% ICICI Bank FD (MD 22/06/2020)
FD
15,945
0.66%
15,945
0.73%
NCD
15,775
0.65%
-
-
FD
9,900
0.41%
9,900
0.45%
FD
9,900
0.41%
9,900
0.45%
FD
9,900
0.41%
9,900
0.45%
FD
9,900
0.41%
9,900
0.45%
FD
9,900
0.41%
9,900
0.45%
FD
9,900
0.41%
9,900
0.45%
FD
9,900
0.41%
9,900
0.45%
FD
9,900
0.41%
9,900
0.45%
FD
9,900
0.41%
9,900
0.45%
FD
9,900
0.41%
9,900
0.45%
FD
9,900
0.41%
9,900
0.45%
27/01/2022)
FD
9,900
0.41%
9,900
0.45%
28/01/2022)
FD
9,900
0.41%
9,900
0.45%
29/01/2022)
FD
9,900
0.41%
9,900
0.45%
13/12/2021)
FD
9,900
0.41%
9,900
0.45%
14/12/2021)
FD
9,900
0.41%
9,900
0.45%
9.50% IDBI Bank FD (MD 01/02/2022)
FD
9,900
0.41%
9,900
0.45%
9.50% IDBI Bank FD (MD 02/02/2022)
FD
9,900
0.41%
9,900
0.45%
9.50% IDBI Bank FD (MD 04/01/2022)
FD
9,900
0.41%
9,900
0.45%
9.50% IDBI Bank FD (MD 05/01/2022)
FD
9,900
0.41%
9,900
0.45%
9.50% IDBI Bank FD (MD 07/04/2022)
FD
9,900
0.41%
9,900
0.45%
9.50% IDBI Bank FD (MD 08/01/2022)
FD
9,900
0.41%
9,900
0.45%
9.50% IDBI Bank FD (MD 08/04/2022)
FD
9,900
0.41%
9,900
0.45%
9.50% IDBI Bank FD (MD 09/04/2022)
FD
9,900
0.41%
9,900
0.45%
9.50% IDBI Bank FD (MD 11/01/2022)
FD
9,900
0.41%
9,900
0.45%
9.50% IDBI Bank FD (MD 13/01/2022)
FD
9,900
0.41%
9,900
0.45%
9.50% IDBI Bank FD (MD 14/01/2022)
FD
9,900
0.41%
9,900
0.45%
(Rs. '000)
Industry
Security name
Asset class
March 31, 2015
Market value
March 31, 2014
% of AUM
Market value
% of AUM
Guaranteed Bond Fund - ULIF06322/09/11GTEBONDFND116
9.50% IDBI Bank FD (MD 21/12/2021)
FD
9,900
0.41%
9,900
0.45%
9.50% IDBI Bank FD (MD 22/12/2021)
FD
9,900
0.41%
9,900
0.45%
9.50% IDBI FD (MD 27/01/2022)
FD
9,900
0.41%
9,900
0.45%
FD
9,900
0.41%
9,900
0.45%
FD
9,900
0.41%
9,900
0.45%
FD
9,900
0.41%
9,900
0.45%
FD
9,900
0.41%
9,900
0.45%
FD
9,900
0.41%
9,900
0.45%
FD
9,900
0.41%
9,900
0.45%
FD
9,900
0.41%
9,900
0.45%
FD
9,900
0.41%
9,900
0.45%
FD
9,900
0.41%
9,900
0.45%
FD
9,900
0.41%
9,900
0.45%
FD
9,900
0.41%
9,900
0.45%
9.50% IDBI Bank FD (MD 16/12/2021)
FD
9,900
0.41%
9,900
0.45%
9.50% IDBI Bank FD (MD 17/12/2021)
FD
9,900
0.41%
9,900
0.45%
9.50% IDBI Bank FD (MD 20/12/2021)
FD
9,900
0.41%
9,900
0.45%
FD
9,900
0.41%
9,900
0.45%
FD
9,900
0.41%
9,900
0.45%
FD
9,900
0.41%
9,900
0.45%
FD
9,900
0.41%
9,900
0.45%
FD
9,900
0.41%
9,900
0.45%
FD
9,900
0.41%
9,900
0.45%
FD
8,400
0.35%
-
-
FD
7,000
0.29%
-
-
9.00% Canara Bank FD (MD 09/03/2020)
FD
3,000
0.12%
3,000
0.14%
9.15% Canara Bank FD (MD 29/06/2020)
FD
1,200
0.05%
1,200
0.05%
FD
400
0.02%
400
0.02%
9.05% EXIM Limited NCD (MD 22/02/2022)
NCD
-
-
96,906
4.41%
895,800
36.81%
807,866
36.76%
total
(Housing)
9.90% HDFC Limited (MD 11/11/2021)
NCD
150,934
6.20%
141,901
6.46%
NCD
53,905
2.22%
50,679
2.31%
07/09/2017)
NCD
-
-
30,121
1.37%
204,839
8.42%
222,700
10.13%
(Housing) total
(Infra)
11/11/2021)
NCD
152,040
6.25%
137,787
6.27%
9.36% Power Finance Corporation Limited Series A (MD
01/08/2021)
NCD
104,982
4.31%
98,578
4.49%
9.57% IRFC Limited (MD 31/05/2021)
NCD
94,044
3.86%
65,577
2.98%
9.27% IRFC Limited Series 76 (MD 10/05/2021)
NCD
55,858
2.30%
49,674
2.26%
8.44% RECL NCD (MD 04/12/2021)
NCD
50,377
2.07%
-
-
(MD 29/06/2021)
NCD
37,142
1.53%
34,953
1.59%
NCD
4,107
0.17%
3,882
0.18%
NCD
-
-
5,951
0.27%
(Infra) total
498,550
20.49%
396,403
18.04%
Others
560,569
23.04%
578,645
26.33%
Net current assets
273,590
11.24%
192,126
8.74%
2,433,347
100.00%
2,197,741
100.00%
Grand total
239
(Rs. '000)
Industry
Security name
Asset class
March 31, 2015
Market value
March 31, 2014
% of AUM
Market value
% of AUM
Life Long Gain Fund - ULIF01123/07/04LIFELOGAIN116
9.75% IL&FS Limited (MD 11/08/2018)
NCD
10,428
4.72%
10,058
4.50%
01/06/2017) (P/C 02/06/2015)
NCD
2,504
1.13%
2,499
1.12%
FD
-
-
340
0.15%
CD
-
-
9,924
4.44%
12,933
5.85%
22,821
10.21%
15,775
7.06%
total
(Infra)
8.57% IRFC 29 Nov 2016
NCD
16,124
7.30%
NCD
12,556
5.68%
-
-
8.45% REC NCD (MD 19/02/2015)
NCD
-
-
17,873
7.99%
28,680
12.98%
33,648
15.05%
173,691
78.60%
157,655
70.51%
5,678
2.57%
9,463
4.23%
220,982
100.00%
223,589
100.00%
-
(Infra) total
Others
Net current assets
Grand total
Liquid Fund - ULIF02510/07/06LIQUIDFUND116
240
FD
219,250
9.09%
-
CD
217,311
9.01%
-
-
FD
200,000
8.30%
-
-
9.00% IDBI Bank FD (MD 10/03/2016)
FD
200,000
8.30%
-
-
CP
171,340
7.11%
-
-
(MD 09/03/2016)
FD
160,000
6.64%
-
-
8.75% Saraswat Bank (Quarterly Payout) FD (MD
07/03/2016)
FD
150,000
6.22%
-
-
FD
120,000
4.98%
-
-
CP
110,029
4.56%
-
-
FD
109,100
4.53%
-
-
FD
46,000
1.91%
-
-
CP
1,475
0.06%
-
-
CD
947
0.04%
-
-
CD
-
-
195,693
7.01%
CD
-
-
36,333
1.30%
CD
-
-
205,285
7.36%
CD
-
-
148,859
5.34%
OBC CD (MD 22/09/2014)
CD
-
-
170,263
6.10%
CD
-
-
20,525
0.74%
CD
-
-
23,542
0.84%
CD
-
-
134,644
4.83%
Payout)
FD
-
-
35,000
1.25%
9.00% Union Bank Of India Fd (MD 15/05/2014)
FD
-
-
80,000
2.87%
CD
-
-
72,708
2.61%
CD
-
-
199,958
7.17%
CD
-
-
49,959
1.79%
HDB Financial Services CP (MD 08/12/2014)
CP
-
-
93,838
3.36%
9.75% Bank Of India Fd (MD 23/03/2015)
FD
-
-
200,000
7.17%
9.60% Canara Bank Fd (MD 20/03/2015)
FD
-
-
200,000
7.17%
10% Corporation Bank Fd (MD 13/03/2015)
FD
-
-
200,000
7.17%
9.00% Union Bank Of India Fd (MD 11/06/2014) (Pd
10/06/2013)
FD
-
-
9,900
0.35%
10/06/2013)
FD
-
-
9,900
0.35%
(Rs. '000)
Industry
Security name
Asset class
March 31, 2015
Market value
March 31, 2014
% of AUM
Market value
% of AUM
Liquid Fund - ULIF02510/07/06LIQUIDFUND116
10/06/2013)
FD
-
-
9,900
0.35%
CP
-
-
89,452
3.21%
CP
-
-
18,766
0.67%
CP
-
-
102,810
3.69%
1,705,451
70.74%
2,307,334
82.71%
total
(Housing)
09/06/2015)
CP
131,825
5.47%
-
-
CP
107,284
4.45%
-
-
14/09/2015)
CP
93,180
3.86%
-
-
CP
-
-
149,697
5.37%
09/12/2014)
CP
-
-
84,285
3.02%
CP
-
-
96,721
3.47%
(Housing) total
332,289
13.78%
330,703
11.85%
Others
175,754
7.29%
33,443
1.20%
Net current assets
197,433
8.19%
118,245
4.24%
2,410,928
100.00%
2,789,725
100.00%
Grand total
Liquid Pension Fund - ULIF04124/07/06LIQPENFUND116
CD
13,924
9.37%
-
-
CD
13,896
9.35%
-
-
CD
13,817
9.30%
-
-
CD
13,252
8.92%
-
-
CD
13,128
8.84%
-
-
CP
12,783
8.60%
-
-
CD
12,744
8.58%
-
-
CP
7,892
5.31%
-
-
CD
6,116
4.12%
-
-
CP
3,350
2.25%
-
-
CD
945
0.64%
-
-
CD
-
-
26,896
8.02%
CD
-
-
18,632
5.55%
CD
-
-
3,300
0.98%
CD
-
-
6,746
2.01%
CD
-
-
12,405
3.70%
OBC CD (MD 22/09/2014)
CD
-
-
1,920
0.57%
CD
-
-
14,454
4.31%
CD
-
-
12,875
3.84%
Payout)
FD
-
-
10,000
2.98%
CD
-
-
9,592
2.86%
CD
-
-
12,090
3.60%
CD
-
-
9,370
2.79%
CD
-
-
23,445
6.99%
CP
-
-
19,032
5.67%
CP
-
-
15,951
4.75%
111,848
75.28%
196,709
58.63%
total
(Housing)
14/09/2015)
CP
12,488
8.41%
-
-
CP
4,721
3.18%
-
-
241
(Rs. '000)
Industry
Security name
Asset class
March 31, 2015
Market value
March 31, 2014
% of AUM
Market value
% of AUM
Liquid Pension Fund - ULIF04124/07/06LIQPENFUND116
CP
1,882
1.27%
-
-
09/12/2014)
CP
-
-
14,043
4.19%
(Housing) total
19,091
12.85%
14,043
4.19%
Others
17,506
11.78%
101,133
30.14%
Net current assets
Grand total
133
0.09%
23,616
7.04%
148,578
100.00%
335,501
100.00%
4.44%
560,610
6.25%
1.04%
Max Gain Fund I - ULIF05017/12/09MAXGAINF01116
Infosys Limited
Equity
Wipro Limited
Equity
159,039
1.82%
93,026
Equity
143,959
1.65%
-
-
Equity
108,012
1.24%
374,519
4.18%
Equity
97,916
1.12%
103,615
1.16%
896,383
10.27%
1,131,771
12.62%
total
242
387,457
HDFC Bank
Equity
423,773
4.85%
452,795
5.05%
Equity
406,108
4.65%
382,418
4.26%
ICICI Bank Limited
Equity
275,546
3.16%
445,572
4.97%
Axis Bank Limited
Equity
213,391
2.44%
151,781
1.69%
NCD
126,367
1.45%
-
-
NCD
122,552
1.40%
-
-
FD
117,800
1.35%
81,700
0.91%
CP
111,603
1.28%
-
-
Yes Bank Limited
Equity
107,913
1.24%
-
-
Bank Of Baroda
Equity
70,100
0.80%
8,359
0.09%
9.00% Canara Bank FD (MD 09/03/2020)
FD
69,950
0.80%
61,450
0.69%
9.00% Canara Bank FD (MD 21/12/2020)
FD
57,750
0.66%
42,900
0.48%
03/02/2020)
FD
55,700
0.64%
34,000
0.38%
9.15% ICICI Bank FD (MD 09/03/2020)
FD
45,500
0.52%
47,500
0.53%
01/12/2020)
FD
27,900
0.32%
20,600
0.23%
9.15% Canara Bank FD (MD 19/03/2020)
FD
25,000
0.29%
10,000
0.11%
01/07/2020)
FD
23,550
0.27%
23,550
0.26%
9.00% Canara Bank FD (MD 19/06/2020)
FD
17,000
0.19%
17,000
0.19%
FD
16,800
0.19%
21,000
0.23%
NCD
16,473
0.19%
-
-
FD
14,600
0.17%
7,000
0.08%
9.15% Canara Bank FD (MD 02/11/2020)
FD
10,000
0.11%
-
-
FD
9,900
0.11%
-
-
FD
9,500
0.11%
9,500
0.11%
8.75% State Bank Of India FD(MD 18/03/2020)
FD
9,500
0.11%
8,500
0.09%
FD
9,500
0.11%
9,500
0.11%
FD
9,000
0.10%
9,000
0.10%
FD
9,000
0.10%
9,000
0.10%
8.75% State Bank Of India FD( MD 17/03/2020)
FD
7,550
0.09%
1,100
0.01%
9.50% IDBI Bank FD (MD 30/12/2021)
FD
7,500
0.09%
-
-
NCD
5,168
0.06%
-
-
9.15% ICICI Bank FD (MD 22/06/2020)
FD
5,000
0.06%
-
-
FD
3,500
0.04%
-
-
9.15% Canara Bank FD (MD 29/06/2020)
FD
1,000
0.01%
-
-
(Rs. '000)
Industry
Security name
Asset class
March 31, 2015
Market value
March 31, 2014
% of AUM
Market value
% of AUM
Max Gain Fund I - ULIF05017/12/09MAXGAINF01116
9.15% ICICI Bank FD (MD 18/03/2019)
FD
1,000
0.01%
-
-
FD
300
0.00%
-
-
FD
-
-
163,000
1.82%
FD
-
-
91,500
1.02%
Equity
-
-
100,907
1.13%
Equity
-
-
23,273
0.26%
State Bank Of India
Equity
-
-
111,568
1.24%
NCD
-
-
46,126
0.51%
8.80 TATA Sons Limited (MD 21/09/2015)
NCD
-
-
49,554
0.55%
Coal India Limited
Equity
-
-
11,549
0.13%
Equity
-
-
36,017
0.40%
NCD
-
-
242,745
2.71%
NCD
-
-
21,031
0.23%
NCD
-
-
85,012
0.95%
FD
-
-
70
-
total
2,442,796
27.98%
2,836,577
31.63%
Others
5,062,045
57.98%
4,575,079
51.01%
329,757
3.78%
425,165
4.74%
8,730,981
100.00%
8,968,592
100.00%
5.23%
95,575
5.87%
0.99%
Net current assets
Grand total
Max Gain Fund II - ULIF05814/09/10MAXGAINF02116
Infosys Limited
Equity
Wipro Limited
Equity
45,564
2.11%
16,091
Equity
41,243
1.91%
-
-
Equity
30,946
1.44%
61,501
3.78%
Equity
30,487
1.41%
18,480
1.13%
261,080
12.11%
191,647
11.76%
total
112,841
HDFC Bank
Equity
121,410
5.63%
77,439
4.75%
Equity
116,349
5.40%
72,891
4.47%
ICICI Bank Limited
Equity
103,890
4.82%
77,036
4.73%
FD
68,000
3.15%
30,000
1.84%
Axis Bank Limited
Equity
61,136
2.84%
26,349
1.62%
FD
40,500
1.88%
40,500
2.49%
FD
35,000
1.62%
32,500
1.99%
Yes Bank Limited
Equity
30,917
1.43%
-
-
FD
21,000
0.97%
-
-
Bank Of Baroda
Equity
19,825
0.92%
1,177
0.07%
9.00% Canara Bank FD (MD 21/12/2020)
FD
17,000
0.79%
-
-
FD
12,500
0.58%
-
-
NCD
10,376
0.48%
-
-
FD
8,500
0.39%
-
-
9.50% Canara Bank FD (MD 01/03/2019)
FD
7,000
0.32%
-
-
9.15% Canara Bank FD (MD 02/11/2020)
FD
4,800
0.22%
-
-
9.00% Canara Bank FD (MD 19/06/2020)
FD
3,000
0.14%
-
-
9.00% Canara Bank FD (MD 09/03/2020)
FD
800
0.04%
-
-
FD
500
0.02%
-
-
FD
-
-
81,000
4.97%
Equity
-
-
17,539
1.08%
Equity
-
-
3,953
0.24%
State Bank Of India
Equity
-
-
19,516
1.20%
243
(Rs. '000)
Industry
Security name
Asset class
March 31, 2015
Market value
March 31, 2014
% of AUM
Market value
% of AUM
Max Gain Fund II - ULIF05814/09/10MAXGAINF02116
CD
-
-
4,819
0.30%
OBC CD (MD 22/09/2014)
CD
-
-
53,267
3.27%
CD
-
-
37,309
2.29%
Coal India Limited
Equity
-
-
1,987
0.12%
Equity
-
-
6,082
0.37%
682,502
31.65%
583,365
35.81%
1,097,249
50.89%
741,007
45.49%
total
Others
Net current assets
Grand total
115,396
5.35%
113,053
6.94%
2,156,227
100.00%
1,629,072
100.00%
84.43%
-
-
Pension Builder Fund - ULIF06908/02/13PENSIONBUI116
Others
206,470
Net current assets
Grand total
38,071
15.57%
-
-
244,541
100.00%
-
-
Premier Bond Fund - ULIF02821/07/06PREMIRBOND116
9.75% IL&FS Limited (MD 11/08/2018)
NCD
10,428
5.74%
10,058
4.80%
NCD
8,153
4.49%
8,833
4.22%
NCD
6,177
3.40%
10,120
4.83%
FD
5,900
3.25%
6,700
3.20%
NCD
5,545
3.05%
5,408
2.58%
NCD
5,191
2.86%
-
-
NCD
5,178
2.85%
5,091
2.43%
NCD
-
-
6,073
2.90%
NCD
-
-
2,934
1.40%
46,573
25.66%
55,218
26.38%
126,407
69.64%
146,605
70.03%
8,546
4.71%
7,516
3.59%
181,526
100.00%
209,339
100.00%
Market value
% of AUM
Market value
% of AUM
total
Others
Net current assets
Grand total
Premier Debt Fund - ULIF02317/12/05PRERDEBTFU116
NCD
3,327
7.39%
4,327
7.85%
NCD
3,107
6.90%
3,054
5.54%
9.75% IL&FS Limited (MD 11/08/2018)
NCD
2,711
6.02%
4,627
8.39%
FD
300
0.67%
4,400
7.98%
9,446
20.97%
16,408
29.76%
34,153
75.83%
36,288
65.82%
total
Others
Net current assets
Grand total
1,440
3.20%
2,433
4.41%
45,039
100.00%
55,129
100.00%
Premier Equity Fund - ULIF02117/12/05PRMREQFUND116
244
Infosys Limited
Equity
13,157
8.55%
11,739
7.32%
Equity
7,074
4.60%
6,393
3.99%
Wipro Limited
Equity
3,698
2.40%
2,992
1.87%
Equity
1,849
1.20%
-
-
Equity
571
0.37%
549
0.34%
(Rs. '000)
Industry
Security name
Asset class
March 31, 2015
Market value
March 31, 2014
% of AUM
Market value
% of AUM
Premier Equity Fund - ULIF02117/12/05PRMREQFUND116
total
26,349
17.11%
21,674
13.51%
HDFC Bank
Equity
9,789
6.36%
10,247
6.39%
Equity
9,451
6.14%
7,775
4.85%
ICICI Bank Limited
Equity
7,395
4.80%
10,203
6.36%
State Bank Of India
Equity
2,875
1.87%
1,565
0.98%
Axis Bank Limited
Equity
2,398
1.56%
3,036
1.89%
Equity
1,683
1.09%
1,327
0.83%
Equity
806
0.52%
1,957
1.22%
0.72%
Bank Of Baroda
Equity
608
0.39%
1,150
Yes Bank Limited
Equity
538
0.35%
-
-
Equity
361
0.23%
799
0.50%
Coal India Limited
Equity
353
0.23%
294
0.18%
total
36,258
23.55%
38,352
23.91%
Others
91,181
59.23%
101,346
63.19%
168
0.11%
-1,000
-0.62%
153,956
100.00%
160,372
100.00%
Net current assets
Grand total
Premier Equity Gain Fund - ULIF02217/12/05PREREQGAIN116
Infosys Limited
Equity
20,972
7.10%
20,590
7.27%
Equity
11,326
3.83%
-
-
Wipro Limited
Equity
6,201
2.10%
-
-
Mphasis Limited
Equity
3,016
1.02%
-
-
Equity
1,502
0.51%
10,676
3.77%
Equity
-
-
2,730
0.96%
43,017
14.56%
33,996
12.01%
4.12%
total
HDFC Bank
Equity
21,255
7.20%
11,653
Yes Bank Limited
Equity
18,513
6.27%
-
-
ICICI Bank Limited
Equity
15,852
5.37%
24,593
8.69%
Axis Bank Limited
Equity
4,545
1.54%
1,742
0.62%
DCB Bank Limited
Equity
2,427
0.82%
-
-
Equity
1,168
0.40%
-
-
Bank Of India
Equity
555
0.19%
-
-
State Bank Of India
Equity
-
-
12,638
4.46%
Equity
-
-
17,765
6.28%
64,315
21.78%
68,391
24.16%
187,854
63.60%
182,085
64.32%
166
0.06%
-1,389
-0.49%
295,352
100.00%
283,083
100.00%
total
Others
Net current assets
Grand total
Premier Equity Growth Fund - ULIF03824/07/06PREMEQGROW116
Infosys Limited
Equity
63,853
7.11%
60,111
7.27%
Equity
34,483
3.84%
-
-
Wipro Limited
Equity
18,881
2.10%
-
-
Mphasis Limited
Equity
9,183
1.02%
-
-
Equity
4,572
0.51%
31,150
3.77%
Equity
-
-
7,969
0.96%
245
(Rs. '000)
Industry
Security name
Asset class
March 31, 2015
Market value
March 31, 2014
% of AUM
Market value
% of AUM
Premier Equity Growth Fund - ULIF03824/07/06PREMEQGROW116
total
130,971
14.59%
99,230
12.00%
4.11%
HDFC Bank
Equity
64,714
7.21%
33,993
Yes Bank Limited
Equity
56,366
6.28%
-
-
ICICI Bank Limited
Equity
48,263
5.38%
71,724
8.67%
Axis Bank Limited
Equity
13,838
1.54%
5,148
0.62%
DCB Bank Limited
Equity
7,388
0.82%
-
-
Equity
3,556
0.40%
-
-
Bank Of India
Equity
1,691
0.19%
-
-
State Bank Of India
Equity
-
-
37,050
4.48%
Equity
-
-
51,967
6.28%
total
195,816
21.82%
199,881
24.16%
Others
572,374
63.77%
531,432
64.25%
Net current assets
Grand total
-1,649
-0.18%
-3,374
-0.41%
897,513
100.00%
827,170
100.00%
Premier Equity Index Fund - ULIF03924/07/06PREREQINDX116
Infosys Limited
Equity
43,631
8.55%
41,229
7.45%
Equity
23,461
4.60%
22,522
4.07%
Wipro Limited
Equity
12,264
2.40%
10,530
1.90%
Equity
6,131
1.20%
-
-
Equity
1,890
0.37%
1,919
0.35%
87,377
17.12%
76,200
13.77%
total
HDFC Bank
Equity
33,023
6.47%
36,048
6.51%
Equity
32,583
6.38%
27,496
4.97%
ICICI Bank Limited
Equity
23,889
4.68%
35,749
6.46%
1.00%
State Bank Of India
Equity
9,531
1.87%
5,554
Axis Bank Limited
Equity
7,952
1.56%
10,621
1.92%
Equity
5,580
1.09%
4,649
0.84%
Equity
2,676
0.52%
6,865
1.24%
Bank Of Baroda
Equity
2,058
0.40%
3,994
0.72%
Yes Bank Limited
Equity
1,786
0.35%
-
-
Equity
1,225
0.24%
2,793
0.50%
Coal India Limited
Equity
1,147
0.22%
1,036
0.19%
total
121,451
23.80%
134,804
24.35%
Others
301,546
59.08%
344,614
62.25%
3
0.00%
-2,049
-0.37%
510,376
100.00%
553,571
100.00%
34,069
7.64%
Net current assets
Grand total
Pure Equity Fund - ULIF02017/12/05PUREEQFUND116
total
246
Infosys Limited
Equity
34,835
6.68%
Equity
17,594
3.37%
7,397
1.66%
Wipro Limited
Equity
14,770
2.83%
12,053
2.70%
Equity
-
-
7,694
1.73%
67,198
12.89%
61,213
13.72%
(Rs. '000)
Industry
Security name
Asset class
March 31, 2015
Market value
March 31, 2014
% of AUM
Market value
% of AUM
Pure Equity Fund - ULIF02017/12/05PUREEQFUND116
Manufacture of chemicals and
chemical products
Bayer Cropscience Limited
Equity
14,738
2.83%
-
-
Kansai Nerolac Paints Limited
Equity
Colgate Palmolive India Limited
Equity
12,244
2.35%
7,361
1.65%
12,086
2.32%
-
Akzo Nobel India Limited
-
Equity
10,963
2.10%
-
-
B A S F India Limited
Equity
7,165
1.37%
18,992
4.26%
Hindustan Unilever Limited
Equity
4,368
0.84%
-
-
61,563
11.81%
26,353
5.91%
chemical products total
Natco Pharma Limited
Equity
24,871
4.77%
12,386
2.78%
Dishman Pharmaceuticals & Chemicals Limited
Equity
14,205
2.72%
-
-
Pfizer Limited
Equity
8,136
1.56%
-
-
Dr Reddy Laboratories
Equity
-
-
16,176
3.63%
Sanofi India Limited
Equity
-
-
18,528
4.15%
Lupin Limited
Equity
-
-
13,618
3.05%
47,211
9.05%
60,708
13.61%
340,942
65.39%
279,946
62.77%
4,505
0.86%
17,787
3.99%
521,419
100.00%
446,007
100.00%
total
Others
Net current assets
Grand total
Pure Stock Fund - ULIF02721/07/06PURESTKFUN116
Infosys Limited
Equity
279,372
6.41%
243,065
7.48%
Equity
141,091
3.24%
53,645
1.65%
Wipro Limited
Equity
118,449
2.72%
103,022
3.17%
Equity
76,619
1.76%
54,826
1.69%
615,530
14.13%
454,558
13.99%
total
chemical products
Equity
118,186
2.71%
-
-
Equity
98,197
2.25%
53,155
1.64%
Colgate Palmolive India Limited
Equity
88,629
2.03%
-
-
Akzo Nobel India Limited
Equity
87,918
2.02%
-
-
B A S F India Limited
Equity
57,464
1.32%
137,128
4.22%
Hindustan Unilever Limited
Equity
39,310
0.90%
-
-
489,705
11.24%
190,283
5.86%
Natco Pharma Limited
Equity
200,051
4.59%
90,037
2.77%
Dishman Pharmaceuticals & Chemicals Limited
Equity
97,083
2.23%
-
-
Pfizer Limited
Equity
65,236
1.50%
-
-
Equity
-
-
116,791
3.60%
Equity
-
-
136,421
4.20%
Lupin Limited
Equity
-
-
93,348
2.87%
362,370
8.32%
436,597
13.44%
2,829,498
64.95%
2,077,827
63.96%
59,440
1.36%
89,130
2.74%
4,356,543
100.00%
3,248,395
100.00%
total
Others
Net current assets
Grand total
247
(Rs. '000)
Industry
Security name
Asset class
March 31, 2015
Market value
March 31, 2014
% of AUM
Market value
% of AUM
Pure Stock Pension Fund - ULIF04717/04/08PURESTKPEN116
Equity
6,836
2.90%
Equity
5,315
2.26%
-
-
Equity
-
-
10,068
4.31%
Mindtree Limited
Equity
-
-
10,022
4.29%
Wipro Limited
Equity
-
-
8,697
3.72%
12,151
5.16%
35,969
15.39%
total
chemical products
Equity
12,694
5.39%
14,976
6.41%
Equity
10,461
4.44%
6,364
2.72%
Elantas Beck India Limited
Equity
1,113
0.47%
-
-
24,268
10.31%
21,340
9.13%
14,530
6.17%
-
-
Equity
Esab India Limited
Equity
6,893
2.93%
-
-
Equity
5,024
2.13%
8,662
3.71%
26,448
11.23%
8,662
3.71%
total
3.07%
7,181
Lupin Limited
Equity
9,588
4.07%
-
-
Cipla Limited
Equity
8,314
3.53%
-
-
Equity
6,231
2.65%
12,820
5.49%
Equity
5,360
2.28%
-
-
Unichem Laboratories Limited -
Equity
-
-
16,819
7.20%
29,493
12.52%
29,639
12.69%
121,084
51.42%
102,155
43.72%
22,050
9.36%
35,881
15.36%
235,494
100.00%
233,646
100.00%
6.94%
-
-
total
Others
Net current assets
Grand total
Secure Fund - ULGF00215/10/04SECUREFUND116
248
FD
212,750
NCD
59,757
1.95%
-
-
NCD
51,469
1.68%
49,346
2.48%
HDFC Bank
Equity
50,624
1.65%
-
-
ICICI Bank Limited
Equity
47,325
1.54%
-
-
Bank Of India
Equity
29,378
0.96%
-
-
IDBI Bank Limited
Equity
21,959
0.72%
-
-
FD
20,200
0.66%
25,000
1.25%
Allahabad Bank
Equity
19,606
0.64%
-
-
Axis Bank Limited
Equity
12,605
0.41%
-
-
NCD
11,355
0.37%
-
-
NCD
10,296
0.34%
-
-
9.50% Canara Bank FD (MD 01/03/2019)
FD
2,000
0.07%
-
-
FD
-
-
7,000
0.35%
Bank Of Baroda
Equity
-
-
35,677
1.79%
Equity
-
-
36,451
1.83%
Yes Bank Limited
Equity
-
-
23,567
1.18%
CD
-
-
1,980
0.10%
CD
-
-
14,457
0.73%
OBC CD (MD 22/09/2014)
CD
-
-
8,638
0.43%
(Rs. '000)
Industry
Security name
Asset class
March 31, 2015
Market value
March 31, 2014
% of AUM
Market value
% of AUM
Secure Fund - ULGF00215/10/04SECUREFUND116
9% IL&FS (MD 09/07/2014)
NCD
-
-
4,989
0.25%
CD
-
CD
-
-
99,159
4.97%
-
121,253
Equity
-
6.08%
-
47,403
2.38%
NCD
-
-
35,060
1.76%
NCD
-
-
18,357
0.92%
549,323
17.92%
528,336
26.50%
2,303,072
75.12%
1,382,682
69.35%
213,295
6.96%
82,701
4.15%
3,065,690
100.00%
1,993,719
100.00%
total
Others
Net current assets
Grand total
Shield Plus Fund I - ULIF05313/01/10SHIELDPL01116
Electricity, Gas, Steam and
aircondition Supply (Infra)
8.90% Pgc NCD (MD 25/02/2020)
NCD
106,271
5.60%
122,250
5.76%
9.64% Power Grid Corporation Limited F ( Md
31/05/2020)
NCD
72,548
3.82%
68,769
3.24%
NTPC Limited
Equity
18,010
0.95%
32,079
1.51%
196,829
10.37%
223,099
10.52%
Electricity, Gas, Steam and
aircondition Supply (Infra) total
9.15% ICICI Bank FD (MD 09/03/2020)
FD
159,800
8.42%
174,300
8.22%
03/02/2020)
FD
159,300
8.39%
197,000
9.29%
9.15% Canara Bank FD (MD 19/03/2020)
FD
134,800
7.10%
159,000
7.50%
Novo X Trust - Locomotive Series R (MD 15/10/2019)
PTC
98,762
5.20%
85,271
4.02%
FD
58,000
3.05%
81,800
3.86%
PTC
50,620
2.67%
65,163
3.07%
NCD
31,592
1.66%
-
-
PTC
29,157
1.54%
47,621
2.24%
ICICI Bank Limited
Equity
18,652
0.98%
248
0.01%
State Bank Of India
Equity
11,689
0.62%
18,688
0.88%
01/12/2020)
FD
10,600
0.56%
-
-
HDFC Bank
Equity
9,944
0.52%
-
-
Axis Bank Limited
Equity
5,218
0.27%
-
-
NCD
4,051
0.21%
-
-
NCD
3,085
0.16%
-
-
9.50% Canara Bank FD (MD 01/03/2019)
FD
300
0.02%
-
-
9.00% Canara Bank FD (MD 21/12/2020)
FD
-
-
6,500
0.31%
Canara Bank
Equity
-
-
158
0.01%
785,570
41.38%
835,749
39.40%
total
(Infra)
NCD
127,320
6.71%
122,282
5.76%
8.55% IRFC (MD 03/02/2020)
NCD
127,201
6.70%
129,943
6.13%
15/12/2020)
ZCB
85,233
4.49%
-
-
15/01/2020)
NCD
35,557
1.87%
69,112
3.26%
NCD
11,472
0.60%
-
-
NCD
3,126
0.16%
-
-
8.65% RECL (MD 22/01/2020)
NCD
-
-
170,468
8.04%
8.50% IRFC Limited (MD 22/06/2020)
NCD
-
-
32,586
1.54%
389,908
20.54%
524,391
24.72%
(Infra) total
249
(Rs. '000)
Industry
Security name
Asset class
March 31, 2015
Market value
March 31, 2014
% of AUM
Market value
% of AUM
Shield Plus Fund I - ULIF05313/01/10SHIELDPL01116
Others
251,996
Net current assets
Grand total
13.27%
276,242
13.02%
274,343
14.45%
261,753
12.34%
1,898,646
100.00%
2,121,234
100.00%
Shield Plus Fund II - ULIF05610/05/10SHIELDPL02116
Novo X Trust - Locomotive Series T (MD 15/10/2020)
PTC
48,628
7.70%
60,974
8.91%
9.15% Canara Bank FD (MD 29/06/2020)
FD
47,000
7.44%
47,000
6.87%
01/07/2020)
FD
43,150
6.83%
46,450
6.79%
NCD
41,154
6.52%
-
-
9.15% ICICI Bank FD (MD 22/06/2020)
FD
39,055
6.18%
39,055
5.71%
NCD
16,827
2.66%
30,582
4.47%
NCD
15,564
2.46%
-
-
FD
14,000
2.22%
-
-
State Bank Of India
Equity
8,120
1.29%
-
-
03/02/2020)
FD
8,000
1.27%
-
-
ICICI Bank Limited
Equity
7,197
1.14%
13,967
2.04%
9.15% ICICI Bank FD (MD 09/03/2020)
FD
5,700
0.90%
-
-
HDFC Bank
Equity
3,222
0.51%
-
-
9.00% Canara Bank FD (MD 09/03/2020)
FD
2,000
0.32%
-
-
Axis Bank Limited
Equity
1,696
0.27%
-
-
9.15% Canara Bank FD (MD 02/11/2020)
FD
1,500
0.24%
-
-
FD
-
-
19,500
2.85%
9.15% Exim (MD 25/02/2021)
NCD
-
-
10,744
1.57%
Canara Bank
Equity
-
-
8,897
1.30%
NCD
-
-
969
0.14%
302,814
47.94%
278,138
40.64%
total
(Infra)
8.50% IRFC Limited (MD 22/06/2020)
NCD
44,701
7.08%
46,962
6.86%
NCD
25,669
4.06%
32,026
4.68%
15/12/2020)
ZCB
1,903
0.30%
-
-
8.65% Rural Electrificatio (MD 15 Jan 2019)
NCD
1,012
0.16%
966
0.14%
NCD
-
-
21,274
3.11%
73,285
11.60%
101,228
14.79%
156,830
24.83%
212,642
31.07%
98,678
15.62%
92,356
13.50%
631,607
100.00%
684,364
100.00%
(Infra) total
Others
Net current assets
Grand total
Shield Plus Fund III - ULIF05711/08/10SHIELDPL03116
250
9.15% ICICI Bank FD ( Md 05/01/2021)
FD
91,200
7.07%
85,000
7.03%
02/11/2020)
FD
69,200
5.37%
70,000
5.79%
FD
40,000
3.10%
40,000
3.31%
Novo X Trust - Locomotive Series U (MD 15/04/2021)
PTC
29,208
2.27%
24,816
2.05%
9.15% Canara Bank FD (MD 02/11/2020)
FD
24,700
1.92%
36,200
2.99%
NCD
23,369
1.81%
48,839
4.04%
03/02/2020)
FD
18,300
1.42%
2,000
0.17%
State Bank Of India
Equity
16,295
1.26%
-
-
(Rs. '000)
Industry
Security name
Asset class
March 31, 2015
Market value
March 31, 2014
% of AUM
Market value
% of AUM
Shield Plus Fund III - ULIF05711/08/10SHIELDPL03116
9.15% Canara Bank FD (MD 19/03/2020)
FD
1.24%
16,000
1.32%
1.25%
ICICI Bank Limited
Equity
14,683
1.14%
15,171
9.15% Exim (MD 25/02/2021)
NCD
13,496
1.05%
-
-
FD
12,200
0.95%
-
-
NCD
10,289
0.80%
-
-
17/12/2021)
FD
9,900
0.77%
-
-
NCD
8,269
0.64%
-
-
HDFC Bank
Equity
5,886
0.46%
-
-
Axis Bank Limited
Equity
3,451
0.27%
-
-
9.00% Canara Bank FD (MD 09/03/2020)
FD
-
-
800
0.07%
FD
-
-
4,500
0.37%
Canara Bank
Equity
-
-
9,664
0.80%
406,446
31.53%
352,989
29.18%
total
(Infra)
16,000
15/12/2020)
ZCB
121,762
9.44%
48,685
4.02%
9.18% Power Finance Corporation Limited (MD
15/04/2021)
NCD
104,038
8.07%
97,805
8.08%
8.50% IRFC Limited (MD 22/06/2020)
NCD
51,813
4.02%
48,878
4.04%
9.57% IRFC Limited (MD 31/05/2021)
NCD
41,678
3.23%
36,320
3.00%
8.72% IDFC Limited (MD 29/09/2020)
NCD
36,618
2.84%
34,450
2.85%
9.27% IRFC Limited Series 76 (MD 10/05/2021)
NCD
12,647
0.98%
11,922
0.99%
11/11/2021)
NCD
-
-
5,029
0.42%
NCD
-
-
43,515
3.60%
(Infra) total
368,556
28.59%
326,603
27.00%
Others
337,848
26.20%
378,009
31.25%
Net current assets
176,423
13.68%
152,167
12.58%
1,289,273
100.00%
1,209,769
100.00%
5.27%
9,900
5.83%
Grand total
Shield Plus Fund IV - ULIF06220/04/11SHIELDPL04116
9.50% IDBI Bank FD (MD 12/01/2022)
FD
9,900
9.15% Canara Bank FD (MD 02/11/2020)
FD
9,000
4.79%
9,000
5.30%
NCD
8,413
4.48%
7,892
4.65%
9.15% ICICI Bank FD ( Md 05/01/2021)
FD
8,200
4.36%
8,200
4.83%
FD
6,000
3.19%
9,500
5.60%
FD
5,900
3.14%
5,900
3.48%
NCD
5,188
2.76%
-
-
9.15% Exim (MD 25/02/2021)
NCD
4,153
2.21%
5,860
3.45%
NCD
3,085
1.64%
-
-
State Bank Of India
Equity
2,345
1.25%
489
0.29%
ICICI Bank Limited
Equity
2,144
1.14%
397
0.23%
9.15% ICICI Bank FD (MD 18/03/2019)
FD
2,000
1.06%
3,000
1.77%
9.15% ICICI Bank FD (MD 09/03/2020)
FD
1,500
0.80%
-
-
01/12/2020)
FD
1,500
0.80%
1,500
0.88%
HDFC Bank
Equity
838
0.45%
-
-
FD
800
0.43%
800
0.47%
01/07/2020)
FD
800
0.43%
-
-
FD
500
0.27%
-
-
Axis Bank Limited
Equity
495
0.26%
-
-
251
(Rs. '000)
Industry
Security name
Asset class
March 31, 2015
Market value
March 31, 2014
% of AUM
Market value
% of AUM
Shield Plus Fund IV - ULIF06220/04/11SHIELDPL04116
02/11/2020)
FD
300
0.16%
-
-
9.00% Canara Bank FD (MD 21/12/2020)
FD
-
-
400
0.24%
Canara Bank
Equity
-
-
253
0.15%
73,060
38.87%
63,091
37.18%
12,734
6.78%
11,984
7.06%
total
(Infra)
(MD 29/06/2021)
NCD
9.57% IRFC Limited (MD 31/05/2021)
NCD
9,618
5.12%
12,107
7.14%
8.72% IDFC Limited (MD 29/09/2020)
NCD
4,069
2.16%
3,828
2.26%
9.39% PFC (MD 29/06/2022) Put/Call 29/06/2019
NCD
1,038
0.55%
993
0.59%
NCD
-
-
13,886
8.18%
(Infra) total
27,459
14.61%
42,797
25.22%
Others
60,444
32.16%
43,223
25.47%
Net current assets
26,995
14.36%
20,559
12.12%
187,958
100.00%
169,670
100.00%
Grand total
Stable Fund - ULGF00115/09/04STABLEFUND116
FD
64,600
5.47%
-
-
HDFC Bank
Equity
50,624
4.29%
-
-
ICICI Bank Limited
Equity
45,748
3.88%
-
-
Bank Of India
Equity
28,398
2.41%
-
-
FD
22,900
1.94%
-
-
Allahabad Bank
Equity
19,606
1.66%
-
-
19/04/2016)
NCD
15,405
1.31%
15,297
1.74%
IDBI Bank Limited
Equity
12,577
1.07%
-
-
Axis Bank Limited
Equity
6,162
0.52%
-
-
Bank Of Baroda
Equity
-
-
35,677
4.06%
Equity
-
-
37,195
4.23%
Yes Bank Limited
Equity
-
-
20,872
2.37%
CD
-
-
37,711
4.29%
OBC CD (MD 22/09/2014)
CD
-
-
96
0.01%
CD
-
-
29,748
3.38%
CD
-
-
18,654
2.12%
Equity
-
-
44,518
5.06%
266,020
22.54%
239,767
27.26%
NCD
65,917
5.59%
-
-
NCD
14,309
1.21%
-
-
NCD
12,503
1.06%
-
-
11/03/2018)
NCD
-
-
49,040
5.58%
06/11/2018)
NCD
-
-
64,537
7.34%
92,729
7.86%
113,577
12.92%
759,710
64.38%
489,454
55.66%
61,666
5.23%
36,613
4.16%
1,180,124
100.00%
879,411
100.00%
total
(Infra)
(Infra) total
Others
Net current assets
Grand total
252
Enclosure E: Highest, lowest and closing NAV
Fund name
SFIN
Acc Mid Cap Fund
March 31, 2015
Highest
Lowest
March 31, 2014
Closing
38.9265
23.9855
Highest
38.4033
24.2381
Lowest
Closing
16.7310
24.2381
Acc Mid Cap Fund II
21.8896
13.4922
21.6498
13.6409
9.5131
13.6409
42.3388
25.6996
41.9161
25.9583
17.9515
25.9583
Accelerated Fund
40.7299
32.6745
39.8451
32.6859
28.3240
32.6859
22.8982
16.5926
22.3417
16.9055
13.7862
16.9055
13.0089
9.9992
12.7648
10.0000
10.0000
10.0000
22.0244
15.6182
21.5021
15.8834
13.0295
15.8834
Assured Return Fund
13.8605
12.2529
13.8605
12.3146
11.4626
12.3146
15.4270
11.5855
14.6397
11.7280
9.3654
11.7280
Bond Fund
21.8256
18.7164
21.8256
18.9023
17.3264
18.9023
Bond Pension Fund
22.5309
19.2747
22.5309
19.4613
17.7770
19.4613
ULIF04211/01/07CAPGTE2014116
16.2635
15.9403
NA
15.9334
14.5425
15.9334
ULIF04311/01/07CAPGTE2017116
20.3632
16.8457
19.9458
16.8823
14.7107
16.8823
Capital Shield - I
15.9548
15.6965
NA
15.8541
14.5085
15.8541
Capital Shield - II
14.7898
14.7313
NA
16.3506
14.1399
14.6902
Cash Fund
19.6880
18.4596
19.6880
18.4565
17.2685
18.4565
Cash Plus Fund
23.2629
21.4067
23.2629
21.4018
19.6755
21.4018
23.4500
21.6208
23.4500
21.6157
19.8303
21.6157
Debt Fund
19.8852
17.3189
19.8768
17.8697
16.1850
17.5146
Debt Plus Fund
23.5823
20.2491
23.5823
20.4735
18.6598
20.4735
24.6172
21.1429
24.6172
21.3754
19.5713
21.3610
10.0588
10.0000
10.0588
NA
NA
NA
10.0000
9.9952
9.9952
NA
NA
NA
Equity Fund
39.4021
29.7762
37.3374
30.1438
24.0147
30.1438
Equity Gain Fund
66.6946
44.3690
63.9157
44.7445
33.9320
44.7445
Equity Growth Fund
32.1245
21.7267
30.7730
22.2220
17.0728
22.2220
24.5879
16.5291
23.6076
16.8904
12.8332
16.8904
36.2508
24.5237
34.7876
25.0265
19.0931
25.0265
Equity Index Fund
54.7399
40.8951
51.9372
41.3399
32.7450
41.3399
28.5045
21.3121
27.0211
21.5425
17.1207
21.5425
48.5657
36.2103
46.0647
36.5967
28.9710
36.5967
28.3944
21.2580
26.9195
21.4833
17.0137
21.4833
Equity Midcap Fund
48.1772
32.2868
47.6783
32.4660
23.5320
32.4660
83.3330
48.3413
82.4790
48.9020
34.1274
48.9020
65.4352
42.9969
64.8032
43.0778
30.5537
43.0778
Equity Plus Fund
71.5635
48.6056
68.6885
49.6833
37.2136
49.6833
76.9601
51.2511
73.8665
51.7640
40.6938
51.7640
20.5970
14.9377
20.0957
15.2275
12.5486
15.2275
NA
NA
NA
NA
NA
NA
12.0057
10.0009
11.6575
10.0013
9.9993
10.0012
16.6068
12.5170
15.7474
12.7049
10.1761
12.7049
Group Debt Fund
19.6167
16.7524
19.6167
16.9698
15.5335
16.9146
Group Debt Fund II
12.0130
10.2811
12.0130
10.3578
9.8046
10.3578
Group Equity Fund
19.2861
12.9982
18.5218
13.1325
10.3853
13.1325
16.8178
12.6312
15.9423
12.7710
10.1404
12.7710
13.5529
12.4442
13.5529
12.4470
11.5586
12.4470
Group Liquid Fund
17.6960
16.3088
17.6960
16.3054
14.9955
16.3054
10.8414
9.9994
10.8414
10.0000
9.9998
9.9998
14.2015
12.2481
14.1994
12.3064
11.1456
12.3064
16.0218
14.3885
16.0218
14.4653
13.4442
14.4571
253
Fund name
SFIN
Growth Plus Fund I
March 31, 2015
Highest
Lowest
13.2947
11.8519
11.3747
14.5104
Growth Plus Fund II
March 31, 2014
Closing
Highest
13.2914
11.8943
10.0445
11.3745
13.0434
14.5104
15.3844
11.4178
24.6431
13.4199
Life Long Gain Fund
Liquid Fund
Lowest
Closing
11.0370
11.8908
10.1336
9.9809
10.1241
13.0838
12.2077
13.0838
14.5871
11.5304
9.3424
11.5304
14.7859
23.6601
14.9246
11.2647
14.9246
11.8708
13.4199
11.9195
11.0663
11.9195
17.1515
14.9753
17.1515
15.7281
14.2183
15.1769
20.6029
18.9877
20.6029
18.9834
17.4848
18.9834
Liquid Pension Fund
20.6818
19.1046
20.6818
19.1004
17.5939
19.1004
Max Gain Fund I
17.1967
13.5704
16.6642
13.6376
11.2741
13.6376
Max Gain Fund II
15.7804
12.5156
15.1915
12.5676
10.3996
12.5676
10.1839
9.9588
10.1839
NA
NA
NA
Premier Bond Fund
18.4630
16.2224
18.4568
16.7481
15.2711
16.4166
Premier Debt Fund
20.1559
17.6747
20.1489
18.0306
16.5355
17.8277
Premier Equity Fund
29.1497
22.0222
27.6177
22.2942
17.6771
22.2942
41.2126
27.5731
39.5357
27.8609
22.0978
27.8609
31.3879
21.1909
30.0970
21.4163
17.0237
21.4163
25.2120
19.1456
23.8773
19.3858
15.5352
19.3858
Pure Equity Fund
48.2088
29.8649
47.6863
30.1556
24.1498
30.1556
Pure Stock Fund
45.9130
28.4647
45.4196
28.7478
22.7938
28.7478
36.8980
22.1400
36.4592
22.3813
18.4941
22.3813
Secure Fund
27.5122
23.1405
27.3582
23.2436
20.3251
23.2436
Shield Plus Fund I
15.2164
13.2237
15.2164
13.2607
12.1184
13.2607
Shield Plus Fund II
15.3169
13.2456
15.3169
13.3011
11.9514
13.3011
14.8732
12.9050
14.8732
12.9566
11.6769
12.9566
Shield Plus Fund IV
14.2373
12.4931
14.2105
12.5392
11.4333
12.5392
Stable Fund
30.5656
24.8367
30.2530
24.8447
20.5634
24.8447
Note:
254
Enclosure F: Annualised expense ratio and gross income ratio (including unrealised gains) to average daily net assets of
the fund
March 31, 2015
March 31, 2014
Fund name
SFIN
Acc Mid Cap Fund
46.93%
1.97%
22.43%
1.97%
Acc Mid Cap Fund II
44.41%
1.52%
23.36%
1.52%
49.96%
1.52%
23.33%
1.52%
Accelerated Fund
21.35%
1.35%
15.04%
1.35%
29.49%
1.40%
16.94%
1.40%
30.10%
1.40%
NA
NA
32.59%
1.40%
15.76%
1.40%
Assured Return Fund
13.19%
1.40%
5.84%
1.40%
21.98%
1.40%
19.83%
1.40%
Bond Fund
15.44%
1.07%
5.93%
1.07%
Bond Pension Fund
15.55%
1.07%
5.95%
1.07%
ULIF04211/01/07CAPGTE2014116
4.59%
1.44%
9.45%
1.40%
ULIF04311/01/07CAPGTE2017116
18.08%
1.40%
11.27%
1.40%
Capital Shield - I
11.77%
3.10%
9.38%
3.09%
Capital Shield - II
11.18%
3.72%
-2.63%
3.65%
Income ratio (%)
Expense ratio (%)
Income ratio (%)
Expense ratio (%)
Cash Fund
8.99%
2.53%
9.18%
2.53%
Cash Plus Fund
9.13%
0.79%
9.22%
0.79%
8.94%
0.79%
9.43%
0.79%
Debt Fund
15.12%
2.53%
5.79%
2.53%
Debt Plus Fund
14.92%
0.79%
5.94%
0.79%
15.02%
0.79%
6.42%
0.79%
Discontinued Life Policy Fund
3.46%
0.56%
NA
NA
Discontinued Pension Policy Fund
0.00%
0.58%
NA
NA
Equity Fund
24.01%
2.53%
19.21%
2.53%
Equity Gain Fund
37.96%
3.09%
24.45%
3.09%
Equity Growth Fund
34.48%
1.97%
22.00%
1.97%
33.45%
1.52%
22.94%
1.52%
34.97%
1.52%
21.64%
1.52%
Equity Index Fund
23.99%
1.12%
18.99%
1.12%
24.84%
1.40%
18.38%
1.40%
24.38%
1.12%
19.41%
1.12%
25.73%
1.40%
18.65%
1.40%
Equity Midcap Fund
40.95%
3.09%
19.71%
3.09%
51.18%
1.69%
22.10%
1.69%
41.57%
1.69%
21.49%
1.69%
Equity Plus Fund
33.63%
1.69%
21.60%
1.69%
36.43%
1.69%
19.87%
1.69%
29.16%
1.40%
16.70%
1.40%
NA
NA
NA
NA
18.78%
1.35%
0.02%
1.35%
21.73%
1.52%
20.14%
1.52%
Group Debt Fund
15.90%
1.12%
5.62%
1.12%
Group Debt Fund II
14.68%
1.12%
7.01%
1.12%
Group Equity Fund
33.05%
1.52%
20.02%
1.52%
25.07%
1.69%
19.14%
1.69%
9.63%
1.12%
8.56%
1.12%
Group Liquid Fund
8.97%
0.79%
9.22%
0.79%
9.02%
0.79%
0.00%
0.79%
15.61%
1.40%
9.56%
1.40%
11.32%
1.01%
5.68%
1.01%
12.36%
1.01%
8.11%
1.01%
255
March 31, 2015
March 31, 2014
Fund name
SFIN
12.68%
1.01%
1.58%
1.01%
Growth Plus Fund I
11.86%
1.52%
6.99%
1.52%
Growth Plus Fund II
24.59%
1.52%
21.26%
1.52%
43.67%
1.52%
24.10%
1.52%
12.96%
1.12%
6.29%
1.12%
Life Long Gain Fund
14.75%
2.53%
3.23%
2.53%
1.07%
Income ratio (%)
Expense ratio (%)
Income ratio (%)
Expense ratio (%)
Liquid Fund
9.25%
1.07%
9.33%
Liquid Pension Fund
9.04%
1.07%
9.35%
1.07%
Max Gain Fund I
22.00%
1.69%
17.31%
1.69%
Max Gain Fund II
19.62%
1.69%
16.81%
1.69%
7.95%
1.37%
NA
NA
Premier Bond Fund
14.76%
3.09%
6.41%
3.09%
Premier Debt Fund
14.59%
2.53%
6.73%
2.53%
Premier Equity Fund
24.10%
2.53%
19.44%
2.53%
37.17%
2.53%
19.04%
2.53%
36.72%
3.09%
19.13%
3.09%
24.39%
3.09%
18.69%
3.09%
Pure Equity Fund
46.91%
1.69%
21.79%
1.69%
Pure Stock Fund
46.00%
1.52%
22.66%
1.52%
50.33%
1.52%
18.80%
1.52%
Secure Fund
17.29%
1.35%
11.33%
1.35%
Shield Plus Fund I
15.33%
1.52%
8.51%
1.52%
Shield Plus Fund II
15.69%
1.52%
9.44%
1.52%
15.27%
1.52%
9.24%
1.52%
Shield Plus Fund IV
13.86%
1.52%
8.50%
1.52%
Stable Fund
20.27%
1.35%
16.20%
1.35%
Note:
NA indicates that the fund was non-existent during the relevant financial year
256
Enclosure G : Fund-wise disclosure of appreciation and/or depreciation in value of the investments segregated assets class
wise for the year ended March 31, 2015
(Rs.’000)
Government
securities
Equity
Debentures and
other securities
Total
Fund name
SFIN
Acc Mid Cap Fund
1,065,859
-
-
1,065,859
Acc Mid Cap Fund II
957,760
-
-
957,760
189,905
-
-
189,905
Accelerated Fund
(90)
1,201
85
1,197
3,312,692
58,987
57,232
3,428,912
(1,784)
1,262
(1)
(523)
239,875
8,721
841
249,437
Assured Return Fund
-
6,341
7,291
13,632
754,180
-
-
754,180
Bond Fund
-
161,343
69,522
230,864
Bond Pension Fund
-
34,171
8,004
42,175
ULIF04211/01/07CAPGTE2014116
NA
NA
NA
NA
ULIF04311/01/07CAPGTE2017116
4,829
161
-
4,990
Capital Shield - I
NA
NA
NA
NA
Capital Shield - II
NA
NA
NA
NA
Cash Fund
-
-
-
-
Cash Plus Fund
-
-
-
-
-
-
-
-
Debt Fund
-
16,665
7,549
24,214
Debt Plus Fund
-
29,217
10,768
39,985
-
2,430
137
2,567
-
Discontinued Life Policy Fund
-
-
-
Discontinued Pension Policy Fund
-
-
-
-
Equity Fund
1,038,330
-
-
1,038,330
Equity Gain Fund
519,571
-
-
519,571
Equity Growth Fund
9,595,393
-
-
9,595,393
1,015,217
-
-
1,015,217
353,070
-
-
353,070
Equity Index Fund
484,979
-
-
484,979
14,561,764
-
-
14,561,764
32,412
-
-
32,412
1,059,904
-
-
1,059,904
Equity Midcap Fund
124,737
-
-
124,737
5,137
-
-
5,137
215,123
-
-
215,123
Equity Plus Fund
1,340,395
-
-
1,340,395
48,216
-
-
48,216
436,074
8,923
2,682
447,679
NA
NA
NA
NA
127
-
-
127
30,113
-
-
30,113
Group Debt Fund
-
27,375
19,771
47,146
Group Debt Fund II
-
7,212
16,219
23,430
Group Equity Fund
42,496
-
-
42,496
466,904
-
-
466,904
-
-
2,791
2,791
Group Liquid Fund
-
-
-
-
-
-
-
-
(766)
688
2,404
2,326
-
(30)
-
(30)
-
277
-
277
257
(Rs.’000)
Government
securities
Equity
Debentures and
other securities
Fund name
SFIN
Total
-
80
-
80
Growth Plus Fund I
-
-
1,471
1,471
Growth Plus Fund II
17,734
-
-
17,734
4,494
-
-
4,494
-
14,431
39,294
53,725
Life Long Gain Fund
-
7,598
1,281
8,879
Liquid Fund
-
-
-
-
Liquid Pension Fund
-
-
-
-
Max Gain Fund I
614,934
(311)
21,492
636,115
Max Gain Fund II
146,540
5
159
146,704
-
444
1
445
Premier Bond Fund
-
4,892
2,326
7,218
Premier Debt Fund
Premier Equity Fund
Pure Equity Fund
Pure Stock Fund
Secure Fund
Shield Plus Fund I
Shield Plus Fund II
Shield Plus Fund IV
Stable Fund
Total
-
1,331
298
1,629
68,580
-
-
68,580
34,638
-
-
34,638
104,563
-
-
104,563
196,520
-
-
196,520
127,091
-
-
127,091
1,066,809
-
-
1,066,809
97,070
-
-
97,070
(15,319)
39,488
9,243
33,413
3,848
-
16,043
19,892
(2,715)
268
4,580
2,133
(2,333)
3,440
19,009
20,115
(3,551)
941
3,049
439
(12,113)
23,687
2,008
13,582
40,339,213
461,234
325,550
41,125,997
Note: The above appreciation/depreciation is the difference between market value and book cost as at March 31, 2015
258
Enclosure G : Fund-wise disclosure of appreciation and/or depreciation in value of the investments segregated assets class
wise for the year ended March 31, 2014
(Rs.’000)
Fund name
SFIN
Equity
Government
securities
Debentures and
other securities
Acc Mid Cap Fund
287,718
Acc Mid Cap Fund II
226,238
50,188
Accelerated Fund
1,471
(9)
(74)
1,388
2,351,167
(22,248)
(42,036)
2,286,883
-
-
-
-
189,220
(7,322)
(6,631)
175,267
Assured Return Fund
-
(5,662)
(4,198)
(9,861)
280,911
-
-
280,911
Bond Fund
-
(21,678)
(2,418)
(24,096)
(3,385)
-
Total
-
287,718
-
-
226,238
-
-
50,188
Bond Pension Fund
-
(3,076)
(309)
ULIF04211/01/07CAPGTE2014116
-
-
-
-
ULIF04311/01/07CAPGTE2017116
3,697
(15)
(100)
3,583
Capital Shield - I
-
-
-
-
Capital Shield - II
-
-
-
-
Cash Fund
-
-
-
-
Cash Plus Fund
-
-
-
-
-
-
-
-
Debt Fund
-
(2,139)
(1,169)
(3,308)
Debt Plus Fund
-
(4,979)
1,482
(3,498)
-
(562)
11
(551)
Equity Fund
827,986
-
-
827,986
Equity Gain Fund
591,882
-
-
591,882
Equity Growth Fund
6,528,014
-
-
6,528,014
804,107
-
-
804,107
304,609
-
-
304,609
Equity Index Fund
370,716
-
-
370,716
10,280,313
-
-
10,280,313
24,927
-
-
24,927
1,030,580
-
-
1,030,580
20,457
Equity Midcap Fund
20,457
-
-
5,062
-
-
5,062
59,719
-
-
59,719
Equity Plus Fund
845,592
-
-
845,592
45,506
-
-
45,506
235,665
(2,649)
(2,091)
230,925
NA
NA
NA
NA
-
-
-
-
8,611
-
-
8,611
Group Debt Fund
-
5,381
4,549
9,930
Group Debt Fund II
-
675
1,038
1,713
Group Equity Fund
24,419
-
-
24,419
312,233
-
-
312,233
-
-
1,031
1,031
Group Liquid Fund
-
-
-
-
-
-
-
-
(411)
(420)
(340)
(1,171)
-
(277)
-
(277)
-
(24)
-
(24)
-
5
-
5
Growth Plus Fund I
-
-
(2,834)
(2,834)
259
(Rs.’000)
Fund name
SFIN
Equity
Government
securities
Debentures and
other securities
Total
Growth Plus Fund II
7,995
-
-
7,995
7,383
-
-
7,383
-
(13,370)
(20,206)
(33,576)
Life Long Gain Fund
-
(4,082)
80
(4,002)
Liquid Fund
-
-
-
-
Liquid Pension Fund
-
-
-
-
Max Gain Fund I
1,302,256
121
1,773
1,304,151
Max Gain Fund II
204,519
-
-
204,519
Premier Bond Fund
-
(2,246)
(131)
(2,376)
Premier Debt Fund
-
(566)
65
(501)
Premier Equity Fund
53,119
-
-
53,119
36,975
-
-
36,975
101,568
-
-
101,568
160,919
-
-
160,919
Pure Equity Fund
50,021
-
-
50,021
Pure Stock Fund
377,682
-
-
377,682
50,717
-
-
50,717
Secure Fund
38,455
(11,001)
(9,757)
17,697
Shield Plus Fund I
(8,417)
(2,316)
(40,844)
(51,577)
Shield Plus Fund II
(727)
(41)
(15,082)
(15,850)
(1,197)
61
(16,941)
(18,077)
Shield Plus Fund IV
172
128
(1,127)
(827)
Stable Fund
32,682
(5,557)
(1,816)
25,310
28,124,720
(103,868)
(158,074)
27,862,778
Total
Note: The above appreciation/depreciation is the difference between market value and book cost as at March 31, 2014
260
Annexure 5 - Refer schedule 16 Note 3.27
Summary of Financial Statements
Sr. No.
Particulars
(Rs. in lacs)
FY 2015
FY 2014
FY 2013
FY 2012
FY 2011
Policyholders' account
1
Gross premium income
601,730
584,314
689,270
748,380
960,995
2
Net premium income #
594,803
577,532
683,506
743,362
957,518
3
Income from investments (Net) @
745,899
491,418
302,578
(3,945)
391,237
4
Other income
Contribution from Shareholders' A/c
5
Total income
6
Commissions (Net)
7
Brokerage
5,023
3,006
1,698
879
869
11,625
694
235
285
3,167
1,357,350
1,072,650
988,017
740,581
1,352,791
20,622
14,825
28,042
38,827
61,647
-
-
-
-
-
122,123
147,289
160,030
140,628
160,658
8,653
14,692
16,928
18,562
19,239
8
Operating expenses related to insurance business^
9
Provisions for tax
10
Total expenses
151,398
176,806
205,000
198,017
241,544
11
Payment to Policyholders'*
823,790
848,198
930,694
549,585
498,662
12
Increase in actuarial liability
303,601
303,643
314,801
182,483
81,533
13
35,725
(320,897)
(548,725)
(290,034)
446,955
14
Surplus/ deficit from operations
42,836
64,900
86,247
100,530
84,097
Shareholders’ account
15
Total income under Shareholders’ account **
65,197
54,020
43,325
29,091
18,238
16
Total expenses under Shareholder's account
1,693
1,016
482
761
455
100,669
116,219
134,357
134,958
108,166
13,047
13,760
5,793
3,838
2,463
17
Profit/ (loss) before tax
18
Provisions for tax
19
Profit/ (loss) after tax
20
Profit/ (loss) carried to Balance Sheet
21
Miscellaneous
87,622
102,459
128,564
131,120
105,703
553,334
466,017
363,558
234,994
103,874
Total funds (including unit linked funds)
3,686,683
3,339,321
3,349,331
3,588,799
3,702,549
Total investments (including unit linked investments) $
3,636,715
3,296,932
3,331,501
3,583,240
3,697,789
9.82%
9.06%
8.81%
8.42%
8.28%
Total funds (Net of debit balance in Profit & Loss A/c)
674,900
587,083
484,407
356,061
224,941
Total investments
235,208
(A) Policyholders’ account:
Yield on investments (%) (excluding unit linked investments)
(B) Shareholders’ account:
22
718,662
581,048
468,781
360,056
Yield on investments (%)
9.67%
9.46%
9.29%
8.95%
8.27%
Yield on total investments (excluding unit linked investments)
9.77%
9.21%
9.00%
8.63%
8.27%
23
Paid up equity capital
24
Net worth
25
Total assets (net of debit balance in Profit & Loss A/c)
26
Earning per share (`)
27
Book value per share (`)
#
@
^
*
**
$
15,071
15,071
15,071
15,071
15,071
674,900
587,083
484,407
356,061
224,941
4,361,583
3,926,405
3,833,738
3,944,860
3,927,490
58.14
67.98
85.31
87.00
70.14
447.80
389.55
321.42
236.26
149.25
Net of reinsurance
Net of losses
Includes provisions for doubtful debts and service tax on linked charges
Inclusive of interim bonuses, if any
Excludes amount transferred from the Policyholders’ Account (Technical Account)
Includes Assets held to cover linked liabilities
Yields computed as investment income/monthly average investment
261
Accounting ratios
Sr. No.
1
For the year ended
For the year ended
March 31, 2015
March 31, 2014
Particulars
New business premium income growth (segment wise)
Participating
Individual assurance
-60.4%
-14.7%
NA
-100.0%
120.9%
297.8%
Individual health
-99.4%
-60.8%
Individual annuity
113.6%
-1.5%
Group assurance
-15.9%
-12.3%
NA
NA
134.2%
-49.2%
1102.7%
242.6%
77.1%
95.5%
98.8%
98.8%
22.2%
25.7%
3.5%
2.6%
546.3%
568.8%
15.0%
21.2%
-0.4%
0.6%
4.6%
3.0%
Individual pension
Non participating
Group variable
Unit linked
Individual pension
Group
2
Net retention ratio
(Net premium divided by gross premium)
3
Ratio of expenses of management
(Expenses of management including commission* divided by the total gross direct premium)
4
Commission ratio
(Gross commission paid to gross premium)
5
Ratio of policyholders' liabilities to shareholders' funds
6
Growth rate of shareholders' fund
7
Ratio of surplus to policyholders' liability**
Participating
Individual pension
Non participating
0.0%
5.4%
Individual health
0.0%
32.2%
Individual annuity
0.0%
0.0%
Group assurance
3.8%
0.7%
Group variable
0.0%
0.0%
1.5%
2.6%
Individual pension
0.3%
1.5%
Unit linked
Group
8
Change in net worth (in thousands)
9
Profit after tax/total income
10
(Total real estate+loans)/(cash & invested assets)
11
Total investments/(capital+surplus)
12
Total affiliated investments/(capital+surplus)
13
Investment yield (gross and net)***
0.0%
0.0%
8,781,660
10,267,656
6.2%
9.1%
0.7%
0.7%
645.7%
660.6%
2.7%
2.7%
10.2%
10.0%
Participating
10.3%
9.6%
Non participating
10.1%
9.4%
A. with realized gains
Non linked
262
Sr. No.
For the year ended
For the year ended
March 31, 2015
March 31, 2014
Particulars
Linked
Non participating
33.7%
18.8%
9.4%
9.4%
Participating
8.8%
9.2%
Non participating
8.9%
9.3%
A. without realized gains
Non linked
Linked
Non participating
14
Conservation ratio
10.6%
10.3%
68.4%
55.0%
Participating
75.0%
69.5%
Individual pension
88.7%
82.4%
77.2%
55.9%
Individual health
64.8%
62.0%
Non participating
Individual annuity
NA
NA
45.1%
38.1%
NA
NA
78.7%
48.5%
Individual pension
52.3%
38.8%
Group
19.2%
29.1%
Group assurance
Group variable
Unit linked
15
Persistency ratio#
Persistency rate based on premium
For 13th month
67.6%
61.6%
For 25th month
48.8%
48.5%
For 37th month
41.5%
26.4%
For 49th Month
22.1%
10.4%
For 61st month
7.6%
4.0%
For 13th month
52.7%
48.9%
For 25th month
39.8%
39.3%
For 37th month
32.7%
23.8%
For 49th Month
19.6%
9.5%
For 61st month
6.9%
4.8%
For 13th month
67.3%
61.3%
For 25th month
56.8%
56.9%
For 37th month
73.8%
47.1%
For 49th Month
74.1%
62.5%
For 61st month
64.3%
54.5%
For 13th month
52.5%
48.7%
For 25th month
70.0%
70.5%
For 37th month
71.8%
48.5%
For 49th Month
72.0%
61.7%
For 61st month
65.6%
57.7%
Persistency rate based on policy count
Renewal rate based on premium
Renewal rate based on policy count
263
Sr. No.
Particulars
16
NPA ratio
For the year ended
For the year ended
March 31, 2015
March 31, 2014
Gross NPA ratio
0.0%
Net NPA ratio
17
Note:
264
Solvency ratio
0.0%
0.0%
0.0%
761.0%
733.5%
* Excluding service tax borne by unit linked policyholders’
** Surplus including contribution from shareholders’ account
*** Yields for the purpose of accounting ratios are computed based on the Modified Dietz methodology as prescribed by IRDAI
# The Persistency rates for the current year and previous year is computed in accordance with the method explained in
“ IRDA circular vide reference IRDA/ACT/CIR/MISC/35/01/2014 dated 23rd January 2014”
Annexure 7 - refer schedule 16 Note 3.29
Statement showing the Controlled Fund of Bajaj Allianz Life Insuranec Company Limited
Sr. No.
1
Particulars
(Rs. crs)
March 31, 2015
March 31, 2014
Computation of Controlled Fund as per the Balance Sheet
Policyholders' Fund (Life Fund)
Participating
Individual Pension
8,883
6,788
54
54
1,039
841
Non-participating
Individual Health
18
16
Individual Annuity
152
104
4,056
3,615
301
-
19,461
19,320
Group Assurance
Variable Insurance
Linked
Individual Pension
Group
Discontinued fund
Total (A)
900
1,124
1,595
1,202
284
145
124
184
36,867
33,393
Shareholders' Fund
Paid up capital
Reserves & surplus
Fair value change
Total (B)
151
5,720
-
-
6,749
5,871
Misc. expenses not written off
-
-
Credit/(Debit) from Profit & Loss A/c
-
-
Total (C )
2
151
6,598
-
-
Total shareholders' funds (B+C)
6,749
5,871
Controlled Fund Total (A+B+C)
43,616
39,264
39,264
38,337
6,017
5,843
Reconciliation of the Controlled Fund from Revenue and Profit & Loss Account
Opening Balance of Controlled Fund (A)
Add: Inflow
Income
Premium income
(69)
(68)
Net premium
Less: Reinsurance ceded
5,948
5,775
Investment income
7,459
4,914
50
30
Other income
Funds transferred from Shareholders' accounts
116
7
13,573
10,726
(i) Benefits paid (Net)
8,230
8,477
(ii) Interim bonus paid
7
5
3,393
(173)
Total income
Less: Outgo
(iii) Change in valuation of liability
(iv) Commission
(v) Operating expenses
206
148
1,122
1,349
1
-
(vii) Service tax
98
124
(viii) Provision for taxation
87
147
13,144
10,077
429
649
(vi) Provision for doubtful debts
Total outgo
Surplus of the Policyholders' fund
265
(Rs. crs)
Sr. No.
Particulars
March 31, 2015
Less: transferred to Shareholders' account
(59)
10
Add: Net income in Shareholders' fund
876
1,025
Net inflow/outflow (B)
817
1,035
3,393
(173)
140
65
Change in valuation liabilities
Change in Revaluation reserve
Appropriations - Depreciation adjustment (Refer note 2(l) of Schedule 16)
Increase in paid up capital
Sub total (C)
(108)
As per Balance Sheet
43,616
39,264
-
-
11,602
8,530
125
117
Less: Surplus transfer to Shareholders' Account
(184)
(107)
Change in valuation liabilities
2,957
3,001
128
61
Total
14,628
11,602
14,628
11,602
-
-
21,646
24,914
Reconciliation with Shareholders' and Policyholders' Fund
Policyholders' Funds - Traditional PAR and Non PAR
Difference, if any
Policyholders' Funds - Linked
Opening Balance of the Policyholders' Fund
Add: Surplus of the Revenue Account
Less: Surplus transfer to Shareholders' Account
Change in valuation Liabilities
Change in fair value change account
304
532
(304)
(532)
297
(3,270)
12
2
Total
21,955
21,646
21,955
21,646
-
-
145
49
Change in fund reserve
139
96
Closing Balance
284
145
284
145
-
-
5,871
4,844
Difference, if any
Policyholders' Funds - Discontinued Fund
Difference, if any
Shareholders' Funds
Opening Balance of Shareholders' Fund
Add: Net income of Shareholders' account (P&L)
876
1,025
Change in Fair Value Change Account
-
2
Change in revaluation reserve
5
-
Appropriations - Depreciation adjustment (Refer note 2(l) of Schedule 16)
(3)
-
Closing balance of the shareholders' fund
6,749
5,871
6,749
5,871
-
-
Difference, if any
266
-
39,264
3.4
-
3,535
Add: Surplus of the Revenue Account
3.3
-
43,616
3.2
5
(3)
Closing balance of controlled fund
Difference, if any
3.1
(639)
Net flow in Policyholders' account
3
March 31, 2014
(488)
Previous year comparatives
Previous year figures have been re-grouped and reclassified wherever necessary to conform to current period’s presentations.
Sr.
No.
Re-grouped to
Re-grouped from
1
Revenue Account
Revenue Account
(a)
Accretion of discount/(amortisation of
premium) (net)
Interest, dividend & rent - Gross
(b)
(c)
Amount
(Rs. '000)
Reason for re-classification
451,580
The re-classification has been done to ensure
appropriate presentation.
25,194
Change in valuation of liability in respect
of life policies in force: Amount ceded in
re-insurance
Change in valuation of liability in respect of life
policies in force: Gross policy liabilities (non-unit/
mathematical reserve)
142,691
2
Schedule 3
Revenue Account
(a)
Medical fees
Other income
301
(b)
Policy stamps
Other income
560
3
Revenue Account
Schedule 2
Premiums earned (Net of service tax):
Reinsurance ceded
Commission on reinsurance ceded
Revenue Account
Schedule 3
5
Schedule 3
Schedule 3
(a)
Marketing expenses and Business development
expenses
5,348
(b)
Marketing expenses and Business development
expenses
2,020
(c)
Auditors' fees, expenses,etc.: Taxation
matters
400
6
Schedule 4
Schedule 4
(a)
Health
Claims by death
536
Health claims were being shown under claim by death
instead of being shown under health claims.
(b)
Periodic benefit/survival
Claims by maturity
(c)
Claims by death
Other benefit
7
Schedule 9
Schedule 12
Loan against policies
8
Schedule 12
Schedule 13
(a)
Advances to suppliers:Provision for
doubtful advances
Sundry creditors
8,600
Provisions on receivables was being shown under
'Sundry creditors' instead of being net off against the
receivable.
(b)
Deposits:Provision for doubtful advances
Sundry creditors
16,594
Provisions on receivables was being shown under
'Sundry creditors' instead of being net off against the
receivable.
9
Schedule 13
Schedule 13
Others:
Sundry creditors
4
7,090
1,241,844
1,483,626
6,603
64,483
2,058,548
Profit commission on reinsurance commission was
disclosed as commission on reinsurance ceded instead
of being netted off against the reinsurance premium
ceded.
As prescribed by IRDAI vide clarification dated April
8, 2015
Periodic benefit was being shown under maturity
instead of being shown under other benefits.
Penal interest was being shown other benefit instead
of being shown under claims by death.
Income accrued on loans was previously being
disclosed as a 'Other assets' instead of being
capitalised with the loan outstanding.
The re-classification has been done to ensure better
presentation.
Expense payable
Taxes payable
Statutory dues payable
Employee payable
267
268
269
270
271
Notes
272
Notes
273
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Bajaj Allianz Life Insurance Annual Report 2014-2015

Transcription

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