FORM NL-12-INVESTMENT SCHEDULE

Name of the Insurer:  GENERAL INSURANCE CORPORATION OF INDIA   

Investments

INVESTMENTS - SHAREHOLDERS' FUND

 

(` '000)

 

Particulars

As at 31.12.2019

As at 31.12.2018

 

LONG TERM INVESTMENTS

   

1

Government securities and Government guaranteed

49755 759

56792 969

 

bonds including Treasury Bills

   

2

Other Approved Securities

360 147

646 048

3

Other Investments

   
 

     (a)  Shares

 0

 0

 

           (aa)  Equity - Indian

67275 191

100658 136

 

                   Equity - Foreign

569 499

569 499

 

           (bb)  Preference

 68

 428

 

     (b)  Mutual Funds

 0

 0

 

     (c)  Derivative Instruments

 0

 0

 

     (d)  Debentures /Bonds Indian

3033 576

6237 579

 

           Debentures /Bonds Foreign

 0

 0

 

     (e) Other Securities

 0

 
 

          Guaranteed  Equity

 105

 131

 

     (f)  Subsidiaries

6712 429

4520 725

 

     (e)   Associates - Indian

 0

 0

 

            Associates - Foreign

159 479

159 479

4

Investments in Infrastructure and Social Sector

   
 

(a) Equity

1861 873

3049 553

 

(b) Debentures/Bonds

12317 883

18948 569

5

Other than Approved Investments

 0

 0

 

     (a)   Equity/Preference/Debentures/Venture Funds

10490 903

1739 613

 

     (b)   Preference

3 688

4 702

 

     (c)  Debentures /Bond

3452 053

2659 163

 

     (d)  Venture Funds

285 193

380 244

 

     (e)  Associate Indian

700 000

700 000

 

Short Term Investments

   

1

Government securities and Government guaranteed

3358 250

1574 996

 

bonds including Treasury Bills

 0

 0

2

Other Approved Securities

139 719

155 115

3

Other Investments

   
 

     (a)  Shares

 0

 0

 

           (aa)  Equity

 0

 0

 

           (bb)  Preference

 0

 0

 

     (b)  Mutual Funds

3632 836

4040 748

 

     (c)  Derivative Instruments

 0

 0

 

     (d) Debentures /Bond Indian

581 462

1199 591

 

           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

4130 619

4425 363

5

Other than Approved Investments

 0

 0

 

     (a)   Preference Shares

5 545

5 804

 

     (b) Debentures /Bond

1470 007

871 941

 

     (c)  Mutual Funds

 0

 0

 

TOTAL

170296 284

209340 396

   

 1

 0

Figures for the previous year have been regrouped where necessary.

     
       

INVESTMENTS - POLICYHOLDERS' FUND

 

Particulars

As at 31.12.2019

As at 31.12.2018

 

LONG TERM INVESTMENTS

   
 

LONG TERM INVESTMENTS

   

1

Government securities and Government guaranteed

188110 468

159314 217

 

bonds including Treasury Bills

 0

 0

2

Other Approved Securities

1361 600

1812 277

3

Other Investments

 0

 0

 

     (a)  Shares

 0

 0

 

           (aa)  Equity - Indian

254345 780

282363 692

 

                   Equity - Foreign

 0

 0

 

           (bb)  Preference

 258

1 201

 

     (b)  Mutual Funds

 0

 0

 

     (c)  Derivative Instruments

 0

 0

 

     (d)  Debentures /Bonds Indian

11468 970

17497 500

 

           Debentures /Bonds Foreign

 0

 0

 

     (e) Other Securities

   
 

          Guaranteed  Equity

 395

 369

 

     (f)  Subsidiaries

 0

 0

 

     (e)   Associates - Indian

 0

 0

 

            Associates - Foreign

 0

 0

4

Investments in Infrastructure and Social Sector

   
 

(a) Equity

7039 141

8554 530

 

(b) Debentures/Bonds

46569 937

53154 052

5

Other than Approved Investments

 0

 0

 

     (a)   Equity/Preference/Debentures/Venture Funds

39662 716

4879 919

 

     (b)   Preference

13 944

13 190

 

     (c)  Debentures /Bond

13051 098

7459 419

 

     (d)  Venture Funds

1078 221

1066 651

 

     (e)  Associate Indian

 0

 0

 

Short Term Investments

   

1

Government securities and Government guaranteed

12696 462

4418 138

 

bonds including Treasury Bills

 0

 0

2

Other Approved Securities

528 233

435 123

3

Other Investments

   
 

     (a)  Shares

 0

 0

 

           (aa)  Equity

 0

 0

 

           (bb)  Preference

 0

 0

 

     (b)  Mutual Funds

13734 580

11335 007

 

     (c)  Derivative Instruments

 0

 0

 

     (d) Debentures /Bond Indian

2198 321

3365 063

 

           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

15616 539

12413 918

5

Other than Approved Investments

 0

 0

 

     (a)   Preference Shares

20 963

16 281

 

     (b) Debentures /Bond

5557 621

2445 947

 

     (c)  Mutual Funds

 0

 0

 

TOTAL

613055 247

570546 494

   

 0

 0

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