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



(` '000)

Particulars TWELVE MONTH ENDING 31.03.2014 TWELVE MONTH ENDING 31.03.2013

LONG TERM INVESTMENTS

1 Government securities and Government guaranteed bonds including Treasury Bills 23767 637 18804 258
2 Other Approved Securities 1176 068 1126 794
3 Approved Investments


( a) Shares

(aa) Equity - Indian 67162 113 52369 996
Equity - Foreign 7 816 7 816
(bb) Preference 10 510 9 411
(b) Mutual Funds/Venture Funds 0 0
(c) Debentures /Bond 5949 488 4893 312
(d) Debentures Foreign 0 350 354
(e) Guaranteed Equity 131 119
(f) Subsidiaries 0 0
(g) Associates - Indian 0 0
Associates - Foreign 591 162 591 162
4 Investments in Infrastructure and Social Sector 14578 227 11584 516
5 Other Investments (Excl. Associate Co.) 0 0

(a) Equity/Preference/Debentures/Venture Funds 3666 452 3063 015

(b) Associates Equity - Indian 0 700 000

(c) Equity - Foreign 0 0

SHORT TERM INVESTMENTS

1 Government securities and Government guaranteed bonds including Treasury Bills 679 336 753 878
2 Other Approved Securities 51 726 58 524
3 Approved Investments 0 0

(a) Shares 0 0
(aa) Equity 0 0
(bb) Preference 0 0
(b) Mutual Funds 417 960 0
(c) Debentures and Bonds 559 971 594 530
(d) Subsidiaries 350 150 0
(e) Guaranteed Equity 0 0
(f) Subsidiaries 0 0
(g) Associates - Indian 0 0
Associates - Foreign 0 0
(h) Commercial Paper 0 126 703
4 Investments in Infrastructure and Social Sector 958 286 1066 991
5 Other Investments 253 794 258 719

TOTAL 120180 827 96360 098
Figures for the previous year have been regrouped where necessary.






INVESTMENTS - POLICYHOLDERS' FUND

Particulars TWELVE MONTH ENDING 31.03.2014 TWELVE MONTH ENDING 31.03.2013

LONG TERM INVESTMENTS

1 Government securities and Government guaranteed bonds including Treasury Bills 66913 924 60238 440
2 Other Approved Securities 3311 027 3609 624
3 Approved Investments 0 0

( a) Shares 0 0

(aa) Equity - Indian 189084 025 167764 498

Equity - Foreign 0 0

(bb) Preference 29 589 30 148

(b) Mutual Funds/Venture Funds 0 0

(c) Debentures /Bond 16749 819 15675 465

(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 41042 633 37110 380
5 Other Investments (Excl. Associate Co.) 0 0

(a) Equity/Preference/Debentures/Venture Funds 10322 302 9812 205

(b) Associates Equity - Indian 0 0

(c) Equity - Foreign 0 0

SHORT TERM INVESTMENTS

1 Government securities and Government guaranteed bonds including Treasury Bills 1912 559 2415 008
2 Other Approved Securities 145 626 187 480
3 Approved Investments 0 0

(a) Shares 0 0

(aa) Equity 0 0

(bb) Preference 0 0

(b) Mutual Funds 1176 699 0

(c) Debentures and Bonds 1576 509 1904 545

(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 0 405 888
4 Investments in Infrastructure and Social Sector 2697 898 3418 050
5 Other Investments 714 515 828 792

TOTAL 335677 494 303400 904
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