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



(` '000)

Particulars SIX MONTH ENDING 30.09.2013 SIX MONTH ENDING 30.09.2012

LONG TERM INVESTMENTS

1 Government securities and Government guaranteed bonds including Treasury Bills 23027 955 17096 242
2 Other Approved Securities 1206 674 1196 457
3 Approved Investments


( a) Shares

(aa) Equity - Indian 56319 945 54717 392
Equity - Foreign 7 816 7 816
(bb) Preference 11 182 10 067
(b) Mutual Funds/Venture Funds 0 0
(c) Debentures /Bond 5834 678 3889 297
(d) Debentures Foreign 350 252 350 456
(e) Guaranteed Equity 131 120
(f) Subsidiaries 0 0
(g) Associates - Indian 0 0
Associates - Foreign 591 162 591 162
4 Investments in Infrastructure and Social Sector 13928 452 11372 321
5 Other Investments (Excl. Associate Co.) 0 0

(a) Equity/Preference/Debentures/Venture Funds 3125 342 3102 667

(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 0 0
2 Other Approved Securities 35 975 59 918
3 Approved Investments 0 0

(a) Shares 0 0
(aa) Equity 0 0
(bb) Preference 0 0
(b) Mutual Funds 262 526 843 015
(c) Debentures and Bonds 651 690 652 732
(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 0 279 535
4 Investments in Infrastructure and Social Sector 1122 020 981 720
5 Other Investments 223 024 1452 705

TOTAL 107398 824 97303 622
Figures for the previous year have been regrouped where necessary.

INVESTMENTS - POLICYHOLDERS' FUND

Particulars SIX MONTH ENDING 30.09.2013 SIX MONTH ENDING 30.09.2012

LONG TERM INVESTMENTS

1 Government securities and Government guaranteed bonds including Treasury Bills 64831 469 54436 151
2 Other Approved Securities 3397 195 3809 640
3 Approved Investments 0 0

( a) Shares 0 0

(aa) Equity - Indian 158559 662 174225 671

Equity - Foreign 0 0

(bb) Preference 31 480 32 054

(b) Mutual Funds/Venture Funds 0 0

(c) Debentures /Bond 16426 589 12383 913

(d) Debentures Foreign 0 0

(e) Guaranteed Equity 369 381

(f) Subsidiaries 0 0

(g) Associates - Indian 0 0

Associates - Foreign 0 0
4 Investments in Infrastructure and Social Sector 39213 296 36210 611
5 Other Investments (Excl. Associate Co.) 0 0

(a) Equity/Preference/Debentures/Venture Funds 8798 892 9879 204

(b) Associates Equity - Indian 0 0

(c) Equity - Foreign 0 0

SHORT TERM INVESTMENTS

1 Government securities and Government guaranteed bonds including Treasury Bills 1542 216 2384 076
2 Other Approved Securities 0 0
3 Approved Investments 101 282 190 786

(a) Shares 0 0

(aa) Equity 0 0

(bb) Preference 0 0

(b) Mutual Funds 739 100 2684 245

(c) Debentures and Bonds 1834 728 2078 365

(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 0 890 069
4 Investments in Infrastructure and Social Sector 3158 866 3125 896
5 Other Investments 627 887 4625 556

TOTAL 299263 031 306956 618
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