FORM NL-12 - INVESTMENT SCHEDULE

  

Name of the Insurer:  GENERAL INSURANCE CORPORATION OF INDIA   

  

Investments

  

INVESTMENTS - SHAREHOLDERS' FUND

  
   

(Rs. '000)

  
 

Particulars

30.06.2020

30.06.2019

  
 

LONG TERM INVESTMENTS

    

1

Government securities and Government guaranteed

49699 932

52984 408

  
 

bonds including Treasury Bills

    

2

Other Approved Securities

318 372

457 180

  

3

Other Investments

    
 

     (a)  Shares

 0

 0

  
 

           (aa)  Equity - Indian

48045 955

94461 246

  
 

                   Equity - Foreign

569 499

569 499

  
 

           (bb)  Preference

 0

 211

  
 

     (b)  Mutual Funds

 0

 0

  
 

     (c)  Derivative Instruments

 0

 0

  
 

     (d)  Debentures /Bonds Indian

2770 519

4818 451

  
 

           Debentures /Bonds Foreign

 0

 0

  
 

     (e) Other Securities

 0

   
 

          Guaranteed  Equity

 98

 122

  
 

     (f)  Subsidiaries

6712 429

6042 195

  
 

     (e)   Associates - Indian

 0

 0

  
 

            Associates - Foreign

159 479

159 479

  

4

Investments in Infrastructure and Social Sector

    
 

(a) Equity

1380 924

2448 188

  
 

(b) Debentures/Bonds

14342 098

16293 642

  

5

Other than Approved Investments

 0

 0

  
 

     (a)   Equity/Preference/Debentures/Venture Funds

9997 899

1518 946

  
 

     (b)   Preference

 99

4 486

  
 

     (c)  Debentures /Bond

3094 624

3372 998

  
 

     (d)  Venture Funds

262 793

354 480

  
 

     (e)  Associate Indian

700 000

700 000

  
 

Short Term Investments

    

1

Government securities and Government guaranteed

1716 683

4034 923

  
 

bonds including Treasury Bills

 0

 0

  

2

Other Approved Securities

44 782

139 035

  

3

Other Investments

    
 

     (a)  Shares

 0

 0

  
 

           (aa)  Equity

 0

 0

  
 

           (bb)  Preference

 0

 0

  
 

     (b)  Mutual Funds

4372 163

5135 697

  
 

     (c)  Derivative Instruments

 0

 0

  
 

     (d) Debentures /Bond Indian

614 893

1260 997

  
 

           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

2672 722

4585 428

  

5

Other than Approved Investments

 0

 0

  
 

     (a)   Preference Shares

 38

6 494

  
 

     (b) Debentures /Bond

1346 945

1385 675

  
 

     (c)  Mutual Funds

 0

 0

  
 

TOTAL

148822 946

200733 780

  
      

Figures for the previous year have been regrouped where necessary.

  
      

INVESTMENTS - POLICYHOLDERS' FUND

  
 

Particulars

30.06.2020

30.06.2019

  
 

LONG TERM INVESTMENTS

    
 

LONG TERM INVESTMENTS

    

1

Government securities and Government guaranteed

203338 650

163455 166

  
 

bonds including Treasury Bills

 0

 0

  

2

Other Approved Securities

1302 564

1410 386

  

3

Other Investments

 0

 0

  
 

     (a)  Shares

 0

 0

  
 

           (aa)  Equity - Indian

196571 690

291409 858

  
 

                   Equity - Foreign

 0

 0

  
 

           (bb)  Preference

 0

 652

  
 

     (b)  Mutual Funds

 0

 0

  
 

     (c)  Derivative Instruments

 0

 0

  
 

     (d)  Debentures /Bonds Indian

11335 099

14864 762

  
 

           Debentures /Bonds Foreign

 0

 0

  
 

     (e) Other Securities

    
 

          Guaranteed  Equity

 402

 378

  
 

     (f)  Subsidiaries

 0

 0

  
 

     (e)   Associates - Indian

 0

 0

  
 

            Associates - Foreign

 0

 0

  

4

Investments in Infrastructure and Social Sector

    
 

(a) Equity

5649 811

7552 579

  
 

(b) Debentures/Bonds

58678 206

50265 354

  

5

Other than Approved Investments

 0

 0

  
 

     (a)   Equity/Preference/Debentures/Venture Funds

40904 670

4685 899

  
 

     (b)   Preference

 405

13 486

  
 

     (c)  Debentures /Bond

12661 118

10405 589

  
 

     (d)  Venture Funds

1075 170

1093 561

  
 

     (e)  Associate Indian

 0

 0

  
 

Short Term Investments

    

1

Government securities and Government guaranteed

7023 511

12447 609

  
 

bonds including Treasury Bills

 0

 0

  

2

Other Approved Securities

183 218

428 917

  

3

Other Investments

    
 

     (a)  Shares

 0

 0

  
 

           (aa)  Equity

 0

 0

  
 

           (bb)  Preference

 0

 0

  
 

     (b)  Mutual Funds

17887 947

15843 458

  
 

     (c)  Derivative Instruments

 0

 0

  
 

     (d) Debentures /Bond Indian

2515 727

3890 134

  
 

           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

10934 976

14145 896

  

5

Other than Approved Investments

 0

 0

  
 

     (a)   Preference Shares

 156

20 034

  
 

     (b) Debentures /Bond

5510 792

4274 761

  
 

     (c)  Mutual Funds

 0

 0

  
 

TOTAL

575574 112

596208 479

  
      

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