FORM NL-12-INVESTMENT SCHEDULE | |||
Name of the Insurer: GENERAL INSURANCE CORPORATION OF INDIA | |||
Investments | |||
INVESTMENTS - SHAREHOLDERS' FUND | |||
(` '000) | |||
Particulars | 30.09.2020 | 30.09.2019 | |
LONG TERM INVESTMENTS | |||
1 | Government securities and Government guaranteed | 60340 313 | 51514 364 |
bonds including Treasury Bills | |||
2 | Other Approved Securities | 298 923 | 404 892 |
3 | Other Investments | ||
(a) Shares | 0 | 0 | |
(aa) Equity - Indian | 50645 432 | 72046 354 | |
Equity - Foreign | 569 499 | 569 499 | |
(bb) Preference | 0 | 145 | |
(b) Mutual Funds | 0 | 0 | |
(c) Derivative Instruments | 0 | 0 | |
(d) Debentures /Bonds Indian | 2778 935 | 4009 172 | |
Debentures /Bonds Foreign | 0 | 0 | |
(e) Other Securities | 0 | ||
Guaranteed Equity | 103 | 111 | |
(f) Subsidiaries | 6980 168 | 6042 195 | |
(e) Associates - Indian | 0 | 0 | |
Associates - Foreign | 159 479 | 159 479 | |
4 | Investments in Infrastructure and Social Sector | ||
(a) Equity | 1327 663 | 1707 543 | |
(b) Debentures/Bonds | 16108 647 | 13707 512 | |
5 | Other than Approved Investments | 0 | 0 |
(a) Equity/Preference/Debentures/Venture Funds | 10709 580 | 10241 981 | |
(b) Preference | 68 | 3 922 | |
(c) Debentures /Bond | 2898 643 | 3044 638 | |
(d) Venture Funds | 267 460 | 297 205 | |
(e) Associate Indian | 700 000 | 700 000 | |
Short Term Investments | |||
1 | Government securities and Government guaranteed | 1722 589 | 3817 066 |
bonds including Treasury Bills | 0 | 0 | |
2 | Other Approved Securities | 70 831 | 126 202 |
3 | Other Investments | ||
(a) Shares | 0 | 0 | |
(aa) Equity | 0 | 0 | |
(bb) Preference | 0 | 0 | |
(b) Mutual Funds | 4461 306 | 1745 022 | |
(c) Derivative Instruments | 0 | 0 | |
(d) Debentures /Bond Indian | 723 913 | 899 265 | |
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 | 1986 250 | 4706 876 | |
5 | Other than Approved Investments | 0 | 0 |
(a) Preference Shares | 40 | 5 890 | |
(b) Debentures /Bond | 1705 352 | 1516 670 | |
(c) Mutual Funds | 0 | 0 | |
TOTAL | 164455 194 | 177266 003 | |
Figures for the previous year have been regrouped where necessary. | |||
INVESTMENTS - POLICYHOLDERS' FUND | |||
Particulars | 30.09.2020 | 30.09.2019 | |
LONG TERM INVESTMENTS | |||
LONG TERM INVESTMENTS | |||
1 | Government securities and Government guaranteed | 233977 958 | 180318 472 |
bonds including Treasury Bills | 0 | 0 | |
2 | Other Approved Securities | 1159 115 | 1417 265 |
3 | Other Investments | 0 | 0 |
(a) Shares | 0 | 0 | |
(aa) Equity - Indian | 196384 708 | 252187 679 | |
Equity - Foreign | 0 | 0 | |
(bb) Preference | 0 | 507 | |
(b) Mutual Funds | 0 | 0 | |
(c) Derivative Instruments | 0 | 0 | |
(d) Debentures /Bonds Indian | 10775 708 | 14033 519 | |
Debentures /Bonds Foreign | 0 | 0 | |
(e) Other Securities | |||
Guaranteed Equity | 397 | 389 | |
(f) Subsidiaries | 0 | 0 | |
(e) Associates - Indian | 0 | 0 | |
Associates - Foreign | 0 | 0 | |
4 | Investments in Infrastructure and Social Sector | ||
(a) Equity | 5148 199 | 5977 004 | |
(b) Debentures/Bonds | 62463 520 | 47981 130 | |
5 | Other than Approved Investments | 0 | 0 |
(a) Equity/Preference/Debentures/Venture Funds | 41527 886 | 35850 550 | |
(b) Preference | 262 | 13 729 | |
(c) Debentures /Bond | 11239 893 | 10657 307 | |
(d) Venture Funds | 1037 115 | 1040 324 | |
(e) Associate Indian | 0 | 0 | |
Short Term Investments | |||
1 | Government securities and Government guaranteed | 6679 580 | 13361 081 |
bonds including Treasury Bills | 0 | 0 | |
2 | Other Approved Securities | 274 658 | 441 750 |
3 | Other Investments | ||
(a) Shares | 0 | 0 | |
(aa) Equity | 0 | 0 | |
(bb) Preference | 0 | 0 | |
(b) Mutual Funds | 17299 336 | 6108 192 | |
(c) Derivative Instruments | 0 | 0 | |
(d) Debentures /Bond Indian | 2807 075 | 3147 741 | |
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 | 7701 962 | 16475 727 | |
5 | Other than Approved Investments | 0 | 0 |
(a) Preference Shares | 154 | 20 618 | |
(b) Debentures /Bond | 6612 740 | 5308 880 | |
(c) Mutual Funds | 0 | 0 | |
TOTAL | 605090 266 | 594341 864 | |
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 | |||