FORM NL-12-INVESTMENT SCHEDULE


Name of the Insurer:  GENERAL INSURANCE CORPORATION OF INDIA   


Investments


INVESTMENTS - SHAREHOLDERS' FUND



(` '000)

Particulars As at 31.12.2018 As at 31.12.2017

LONG TERM INVESTMENTS

1 Government securities and Government guaranteed 56792 969 44509 383

bonds including Treasury Bills

2 Other Approved Securities 646 048 862 401
3 Other Investments


(a) Shares 0 0

(aa) Equity - Indian 100658 136 116406 723

Equity - Foreign 569 499 569 499

(bb) Preference 428 746

(b) Mutual Funds 0 0

(c) Derivative Instruments 0 0

(d) Debentures /Bonds Indian 6237 579 7517 369

Debentures /Bonds Foreign 0 0

(e) Other Securities 0

Guaranteed Equity 131 143

(f) Subsidiaries 4520 726 4520 726

(e) Associates - Indian 0 0

Associates - Foreign 159 479 159 479
4 Investments in Infrastructure and Social Sector


(a) Equity 3049 553 5127 145

(b) Debentures/Bonds 18948 569 19800 945
5 Other than Approved Investments 0 0

(a) Equity/Preference/Debentures/Venture Funds 1739 613 2361 014

(b) Preference 4 702 9 041

(c) Debentures /Bond 2659 163 1424 170

(d) Venture Funds 380 244 473 686

(e) Associate Indian 700 000 700 000

Short Term Investments

1 Government securities and Government guaranteed 1574 996 1490 866

bonds including Treasury Bills 0 0
2 Other Approved Securities 155 115 128 831
3 Other Investments


(a) Shares 0 0

(aa) Equity 0 0

(bb) Preference 0 7 944

(b) Mutual Funds 4040 748 4313 481

(c) Derivative Instruments 0 0

(d) Debentures /Bond Indian 1199 591 1320 131

Debentures /Bond Foreign 0 0

(e) Other Securities 0 0

Commercial Paper 0 120 123

(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 4425 363 2193 895
5 Other than Approved Investments 0 0

(a) Preference Shares 5 804 3 711

(b) Debentures /Bond 871 941 863 930

(c) Mutual Funds 0 0

TOTAL 209340 397 214885 382
Figures for the previous year have been regrouped where necessary.






INVESTMENTS - POLICYHOLDERS' FUND

Particulars As at 31.12.2018 As at 31.12.2017

LONG TERM INVESTMENTS


LONG TERM INVESTMENTS

1 Government securities and Government guaranteed 159314 218 110954 757

bonds including Treasury Bills 0 0
2 Other Approved Securities 1812 277 2149 828
3 Other Investments 0 0

(a) Shares 0 0

(aa) Equity - Indian 282363 692 290183 299

Equity - Foreign 0 0

(bb) Preference 1 201 1 860

(b) Mutual Funds 0 0

(c) Derivative Instruments 0 0

(d) Debentures /Bonds Indian 17497 500 18739 597

Debentures /Bonds Foreign 0 0

(e) Other Securities


Guaranteed Equity 369 357

(f) Subsidiaries 0 0

(e) Associates - Indian 0 0

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


(a) Equity 8554 530 12781 150

(b) Debentures/Bonds 53154 052 49360 582
5 Other than Approved Investments 0 0

(a) Equity/Preference/Debentures/Venture Funds 4879 919 5885 629

(b) Preference 13 190 22 537

(c) Debentures /Bond 7459 419 3550 227

(d) Venture Funds 1066 651 1180 823

(e) Associate Indian 0 0

Short Term Investments

1 Government securities and Government guaranteed 4418 138 3716 489

bonds including Treasury Bills 0 0
2 Other Approved Securities 435 123 321 154
3 Other Investments


(a) Shares 0 0

(aa) Equity 0 0

(bb) Preference 0 19 803

(b) Mutual Funds 11335 007 10752 817

(c) Derivative Instruments 0 0

(d) Debentures /Bond Indian 3365 063 3290 876

Debentures /Bond Foreign 0 0

(e) Other Securities 0 0

Commercial Paper 0 299 448

(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 12413 918 5469 029
5 Other than Approved Investments 0 0

(a) Preference Shares 16 281 9 250

(b) Debentures /Bond 2445 947 2153 638

(c) Mutual Funds 0 0

TOTAL 570546 495 520843 150
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