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



(` '000)
Sr.No. Particulars As at 30.09.2014 As at 30.09.2013
LONG TERM INVESTMENTS
1 Government securities and Government guaranteed bonds including Treasury Bills 28033256 23027955
2 Other Approved Securities 1200797 1206674
3 Approved Investments
( a) Shares
(aa) Equity - Indian 88829292 56319945
Equity - Foreign 7816 7816
(bb)Preference 11523 11182
(b) Mutual Funds/Venture Funds 0 0
(c) Debentures /Bond 6327787 5834678
(d) Debentures Foreign 0 350252
(e) Guaranteed Equity 144 131
(f) Subsidiaries 0 0
(g) Associates - Indian 700000 0
Associates - Foreign 591162 591162
4 Investments in Infrastructure and Social Sector 16476328 13928452
5 Other Investments (Excl. Associate Co.) 0 0
(a) Equity/Preference/Debentures/Venture Funds 5912390 3125342
(b) Associates Equity - Indian 0 700000
(c) Equity - Foreign 0 0
SHORT TERM INVESTMENTS
1 Government securities and Government guaranteed bonds including Treasury Bills 1144291 547791
2 Other Approved Securities 116140 35975
3 Approved Investments 0 0
(a) Shares 0 0
(aa) Equity 0 0
(bb) Preference 0 0
(b) Mutual Funds 1336210 262526
(c) Debentures and Bonds 702547 651690
(d) Subsidiaries 350047 0
(e) Guaranteed Equity 0 0
(f) Subsidiaries 0 0
(g) Associates - Indian 0 0
Associates - Foreign 0 0
(h) Commercial Paper 0 -1
4 Investments in Infrastructure and Social Sector 1060181 1122020
5 Other Investments 1146237 223024
TOTAL 153946148 107946614
Figures for the previous year have been regrouped where necessary.
INVESTMENTS - POLICYHOLDERS' FUND
Particulars As at 30.09.2014 As at 30.09.2013
LONG TERM INVESTMENTS
1 Government securities and Government guaranteed bonds including Treasury Bills 69068427 64831469
2 Other Approved Securities 2958528 3397195
3 Approved Investments 0 0
( a) Shares 0 0
(aa) Equity - Indian 218857899 158559662
Equity - Foreign 0 0
(bb)Preference 28390 31480
(b) Mutual Funds/Venture Funds 0 0
(c) Debentures /Bond 15590422 16426589
(d) Debentures Foreign 0 0
(e) Guaranteed Equity 356 369
(f) Subsidiaries 0 0
(g) Associates - Indian 0 0
Associates - Foreign 0 0
4 Investments in Infrastructure and Social Sector 40594431 39213296
5 Other Investments (Excl. Associate Co.) 0 0
(a) Equity/Preference/Debentures/Venture Funds 14566966 8798892
(b) Associates Equity - Indian 0 0
(c) Equity - Foreign 0 0
SHORT TERM INVESTMENTS
1 Government securities and Government guaranteed bonds including Treasury Bills 2819308 1542216
2 Other Approved Securities 286145 101282
3 Approved Investments 0 0
(a) Shares 0 0
(aa) Equity 0 0
(bb) Preference 0 0
(b) Mutual Funds 3292159 739100
(c) Debentures and Bonds 1730936 1834727
(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 0
4 Investments in Infrastructure and Social Sector 2612078 3158866
5 Other Investments 2824102 627887
TOTAL 375230147 299263030
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