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



(` '000)

Particulars As at 31st March 2015 As at 31st March 2014

LONG TERM INVESTMENTS

1 Government securities and Government guaranteed 29879607 23767637

bonds including Treasury Bills

2 Other Approved Securities 1160091 1176068
3 Other Investments


(a) Shares 0 0

(aa) Equity - Indian 95915057 67162113

Equity - Foreign 7816 7816

(bb) Preference 11523 10510

(b) Mutual Funds 0 0

(c) Derivative Instruments 0 0

(d) Debentures /Bonds Indian 6019815 5949488

Debentures /Bonds Foreign 0 0

(e) Other Securities


Guaranteed Equity 144 131

(f) Subsidiaries 734591 0

(e) Associates - Indian 0 0

Associates - Foreign 721162 591162
4 Investments in Infrastructure and Social Sector


(a) Equity 4586044 3925271

(b) Debentures/Bonds 10679309 10652956
5 Other than Approved Investments 0 0

(a) Equity/Preference/Debentures/Venture Funds 1176154 820877

(b) Preference 8508 15811

(c) Debentures /Bond 5886076 2387245

(d) Venture Funds 512372 442519

(e) Associate Indian 700000 700000

Short Term Investments

1 Government securities and Government guaranteed 814669 679336

bonds including Treasury Bills 0 0
2 Other Approved Securities 111719 51725
3 Other Investments


(a) Shares 0 0

(aa) Equity 0 0

(bb) Preference 0 0

(b) Mutual Funds 528523 417960

(c) Derivative Instruments 0 0

(d) Debentures /Bond Indian 764367 559971

Debentures /Bond Foreign 0 350150

(e) Other Securities 0 0

Commercial Paper 0 0

(f) Subsidiaries 0 0

(g) Associates - Indian 0 0

Associates - Foreign 0 0
4 Investments in Infrastructure and Social Sector 0 0

(a) Debentures /Bond 1617867 958286
5 Other than Approved Investments 0 0

(a) Preference Shares 0 0

(b) Debentures /Bond 581788 253794

(c) Mutual Funds 0 0

TOTAL 162417202 120880826
Figures for the previous year have been regrouped where necessary.





INVESTMENTS - POLICYHOLDERS' FUND

Particulars As at 31 March 2015 As at 31 March 2014

LONG TERM INVESTMENTS

1 Government securities and Government guaranteed 73617473 66913924

bonds including Treasury Bills 0 0
2 Other Approved Securities 2838297 3311027
3 Other Investments 0 0

(a) Shares 0 0

(aa) Equity - Indian 236315830 189084025

Equity - Foreign 0 0

(bb) Preference 28390 29589

(b) Mutual Funds 0 0

(c) Derivative Instruments 0 0

(d) Debentures /Bonds Indian 14831640 16749819

Debentures /Bonds Foreign 0 0

(e) Other Securities


Guaranteed Equity 356 369

(f) Subsidiaries 0 0

(e) Associates - Indian 0 0

Associates - Foreign 0 0
4 Investments in Infrastructure and Social Sector


(a) Equity 11299110 11050964

(b) Debentures/Bonds 26311716 29991668
5 Other than Approved Investments 0 0

(a) Equity/Preference/Debentures/Venture Funds 2897813 2311046

(b) Preference 20961 44514

(c) Debentures /Bond 14502134 6720901

(d) Venture Funds 1262383 1245840

(e) Associate Indian 0 0

Short Term Investments

1 Government securities and Government guaranteed 2007185 1912559

bonds including Treasury Bills 0 0
2 Other Approved Securities 295192 145626
3 Other Investments


(a) Shares 0 0

(aa) Equity 0 0

(bb) Preference 0 0

(b) Mutual Funds 1302178 1176699

(c) Derivative Instruments 0 0

(d) Debentures /Bond Indian 1883249 1576509

Debentures /Bond Foreign 0 0

(e) Other Securities 0 0

Commercial Paper 0 0

(f) Subsidiaries 0 0

(g) Associates - Indian 0 0

Associates - Foreign 0 0
4 Investments in Infrastructure and Social Sector 0 0

(a) Debentures /Bond 3986106 2697898
5 Other than Approved Investments 0 0

(a) Preference Shares 0 0

(b) Debentures /Bond 1433411 714516

(c) Mutual Funds 0 0

TOTAL 394833424 335677493
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