FORM NL-12-INVESTMENT SCHEDULE
Name of the Insurer:  GENERAL INSURANCE CORPORATION OF INDIA 
Investments
INVESTMENTS - SHAREHOLDERS' FUND
Sr. No Particulars As at 31.12.2015 (` '000)
As at 31.12.2014
LONG TERM INVESTMENTS
1 Government securities and Government guaranteed 37652805 28773178
bonds including Treasury Bills
2 Other Approved Securities 1146672 1183284
3 Other Investments
(a) Shares 0 0
(aa) Equity - Indian 100193352 94839353
Equity - Foreign 7816 7816
(bb) Preference 12917 11523
(b) Mutual Funds 0 0
(c) Derivative Instruments 0 0
(d) Debentures /Bonds Indian 5998914 6139762
Debentures /Bonds Foreign 0 0
(e) Other Securities
Guaranteed Equity 162 144
(f) Subsidiaries 734591 0
(e) Associates - Indian 0 0
Associates - Foreign 721162 591162
4 Investments in Infrastructure and Social Sector
(a) Equity 4773725 4888378
(b) Debentures/Bonds 10622637 11275992
5 Other than Approved Investments 0 0
(a) Equity/Preference/Debentures/Venture Funds 1475200 1125276
(b) Preference 9548 8515
(c) Debentures /Bond 11000795 5020457
(d) Venture Funds 626476 520634
(e) Associate Indian 700000 700000
Short Term Investments
1 Government securities and Government guaranteed 918854 829823
bonds including Treasury Bills 0 0
2 Other Approved Securities 178089 124762
3 Other Investments
(a) Shares 0 0
(aa) Equity 0 0
(bb) Preference 0 0
(b) Mutual Funds 1701946 1189470
(c) Derivative Instruments 0 0
(d) Debentures /Bond Indian 1053001 678170
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 2130291 1369757
5 Other than Approved Investments 0 0
(a) Preference Shares 0 0
(b) Debentures /Bond 986533 452665
(c) Mutual Funds 407344 1445122
TOTAL 183052830 161175243

Figures for the previous year have been regrouped where necessary.

INVESTMENTS - POLICYHOLDERS' FUND
Sr. No Particulars As at 31.12.2015 As at 31.12.2014
  LONG TERM INVESTMENTS
1 Government securities and Government guaranteed 78237638 70891450
2 bonds including Treasury Bills 0 0
3 Other Approved Securities 2382635 2915380
  Other Investments 0 0
  (a) Shares 0 0
  (aa) Equity - Indian 208188772 233665508
  Equity - Foreign 0 0
  (bb) Preference 26840 28390
  (b) Mutual Funds 0 0
  (c) Derivative Instruments 0 0
  (d) Debentures /Bonds Indian 12464963 15127165
  Debentures /Bonds Foreign 0 0
  (e) Other Securities
  Guaranteed Equity 338 356
  (f) Subsidiaries 0 0
  (e) Associates - Indian 0 0
  Associates - Foreign 0 0
4 Investments in Infrastructure and Social Sector
  (a) Equity 9919181 12044003
  (b) Debentures/Bonds 22072460 27781826
5 Other than Approved Investments 0 0
  (a) Equity/Preference/Debentures/Venture Funds 3065273 2772460
  (b) Preference 19840 20980
  (c) Debentures /Bond 22858223 12369418
  (d) Venture Funds 1301737 1282741
  (e) Associate Indian 0 0
  Short Term Investments
1 Government securities and Government guaranteed 1909260 2044521
  bonds including Treasury Bills 0 0
2 Other Approved Securities 370046 307389
3 Other Investments
  (a) Shares 0 0
  (aa) Equity 0 0
  (bb) Preference 0 0
  (b) Mutual Funds 3536423 2930619
  (c) Derivative Instruments 0 0
  (d) Debentures /Bond Indian 2187999 1670877
  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 4426467 3374812
5 Other than Approved Investments 0 0
  (a) Preference Shares 0 0
  (b) Debentures /Bond 2049887 1115277
  (c) Mutual Funds 846408 3560495
  TOTAL 375864390 393903667

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