FORM NL-12-INVESTMENT SCHEDULE
Name of the Insurer:  GENERAL INSURANCE CORPORATION OF INDIA   
Investments
INVESTMENTS - SHAREHOLDERS' FUND



(` '000)

Particulars TWELVE MONTH ENDING 31.03.2013 TWELVE MONTH ENDING 31.03.2012

LONG TERM INVESTMENTS

1 Government securities and Government guaranteed bonds including Treasury Bills 18804 258 25283 163
2 Other Approved Securities 1126 794 1892 859
3 Approved Investments


( a) Shares

(aa) Equity - Indian 52369 996 77780 126
Equity - Foreign 7 816 7 816
(bb) Preference 9 411 15 640
(b) Mutual Funds/Venture Funds 0 0
(c) Debentures /Bond 4893 312 6667 715
(d) Debentures Foreign 350 354 350 559
(e) Guaranteed Equity 119 186
(f) Subsidiaries 0 0
(g) Associates - Indian 0 0
Associates - Foreign 591 162 591 162
4 Investments in Infrastructure and Social Sector 11584 516 17140 559
5 Other Investments (Excl. Associate Co.) 0 0

(a) Equity/Preference/Debentures/Venture Funds 3063 015 4350 353

(b) Associates Equity - Indian 700 000 700 000

(c) Equity - Foreign 0 0

SHORT TERM INVESTMENTS

1 Government securities and Government guaranteed bonds including Treasury Bills 753 878 1020 035
2 Other Approved Securities 58 524 69 170
3 Approved Investments 0 0

(a) Shares 0 0
(aa) Equity 0 0
(bb) Preference 0 0
(b) Mutual Funds 0 0
(c) Debentures and Bonds 594 530 572 393
(d) Subsidiaries 0 0
(e) Guaranteed Equity 0 0
(f) Subsidiaries 0 0
(g) Associates - Indian 0 0
Associates - Foreign 0 0
(h) Commercial Paper 126 703 548 704
4 Investments in Infrastructure and Social Sector 1066 991 1086 559
5 Other Investments 258 719 140 884

TOTAL 96360 098 138217 883
Figures for the previous year have been regrouped where necessary.






INVESTMENTS - POLICYHOLDERS' FUND

Particulars TWELVE MONTH ENDING 31.03.2013 TWELVE MONTH ENDING 31.03.2012

LONG TERM INVESTMENTS

1 Government securities and Government guaranteed bonds including Treasury Bills 60238 440 42810 462
2 Other Approved Securities 3609 624 3205 065
3 Approved Investments 0 0

( a) Shares 0 0

(aa) Equity - Indian 167764 498 131700 418

Equity - Foreign 0 0

(bb) Preference 30 148 26 482

(b) Mutual Funds/Venture Funds 0 0

(c) Debentures /Bond 15675 465 11290 042

(d) Debentures Foreign 0 0

(e) Guaranteed Equity 381 314

(f) Subsidiaries 0 0

(g) Associates - Indian 0 0

Associates - Foreign 0 0
4 Investments in Infrastructure and Social Sector 37110 380 29023 080
5 Other Investments (Excl. Associate Co.) 0 0

(a) Equity/Preference/Debentures/Venture Funds 9812 205 7366 192

(b) Associates Equity - Indian 0 0

(c) Equity - Foreign 0 0

SHORT TERM INVESTMENTS

1 Government securities and Government guaranteed bonds including Treasury Bills 2415 008 1727 164
2 Other Approved Securities 187 480 117 122
3 Approved Investments 0 0

(a) Shares 0 0

(aa) Equity 0 0

(bb) Preference 0 0

(b) Mutual Funds 0 0

(c) Debentures and Bonds 1904 545 969 199

(d) Subsidiaries 0 0

(e) Guaranteed Equity 0 0

(f) Subsidiaries 0 0

(g) Associates - Indian 0 0

Associates - Foreign 0 0

(h) Commercial Paper 405 888 929 087
4 Investments in Infrastructure and Social Sector 3418 050 1839 804
5 Other Investments 828 792 238 550

TOTAL 303400 904 231242 981
Figures for the previous year have been regrouped where necessary.


Notes:


(a) Investments in subsidiary/holding companies, joint ventures and associates shall be separately disclosed, at cost.
(i) Holding company and subsidiary shall be construed as defined in the Companies Act, 1956:
(ii)        Joint Venture is a contractual arrangement whereby two or more parties undertake an economic activity, which is subject to joint control.
(i)             Joint control - is the contractually agreed sharing of power to govern the financial and operating policies of an economic activity to obtain benefits from it.
(ii)           Associate - is an enterprise in which the company has significant influence and which is neither a subsidiary nor a joint venture of the company.
(iii)          Significant influence (for the purpose of this schedule) - means participation in the financial and operating policy decisions of a company, but not control of those policies.  Significant influence may be exercised in several ways, for example, by representation on the board of directors, participation in the policymaking process, material inter-company transactions, interchange of managerial personnel or dependence on technical information. Significant influence may be gained by share ownership, statute or agreement.  As regards share ownership, if an investor holds, directly or indirectly through subsidiaries, 20 percent or more of the voting power of the investee, it is presumed that the investor does have significant influence, unless it can be clearly demonstrated that this is not the case.  Conversely, if the investor holds, directly or indirectly through subsidiaries, less than 20 percent of the voting power of the investee, it is presumed that the investor does not have significant influence, unless such influence is clearly demonstrated.  
A substantial or majority ownership by another investor does not necessarily preclude an investor from having significant influence.
(b)        Aggregate amount of company's investments other than listed equity securities and derivative instruments and also the market value thereof shall be disclosed.
(c)        Investments made out of Catastrophe reserve should be shown separately.
(d)        Debt securities will be considered as “held to maturity” securities and will be measured at historical cost subject to amortisation.
(e)            Investment Property means a property [land or building or part of a building or both] held to earn rental income or for capital appreciation or for both, rather than for use in services or for administrative purposes.
(f)             Investments maturing within twelve months from balance sheet date and investments made with the specific intention to dispose of within twelve months from balance sheet date shall be classified as short-term investments