FORM NL-12-INVESTMENT SCHEDULE

Name of the Insurer:  GENERAL INSURANCE CORPORATION OF INDIA   

    

INVESTMENTS - SHAREHOLDERS' FUND

   

( in 000)

 

Particulars

31.12.2020

31.12.2019

 

LONG TERM INVESTMENTS

  

1

Government securities and Government guaranteed bonds including Treasury Bills

67841 618

49755 760

2

Other Approved Securities

243 968

360 147

3

Other Investments

  
 

     (a)  Shares

 0

 0

 

           (aa)  Equity - Indian

65633 726

67275 191

 

                   Equity - Foreign

569 499

569 499

 

           (bb)  Preference

 0

 68

 

     (b)  Mutual Funds

 0

 0

 

     (c)  Derivative Instruments

 0

 0

 

     (d)  Debentures /Bonds Indian

2667 575

3033 576

 

           Debentures /Bonds Foreign

 0

 0

 

     (e) Other Securities

 0

 
 

          Guaranteed  Equity

 105

 105

 

     (f)  Subsidiaries

7143 188

6712 429

 

     (e)   Associates - Indian

 0

 0

 

            Associates - Foreign

315 479

159 479

4

Investments in Infrastructure and Social Sector

  
 

(a) Equity

1770 476

1861 873

 

(b) Debentures/Bonds

17439 770

12317 882

5

Other than Approved Investments

 0

 0

 

     (a)   Equity/Preference/Debentures/Venture Funds

8230 556

10490 902

 

     (b)   Preference

 69

3 688

 

     (c)  Debentures /Bond

2842 452

3452 053

 

     (d)  Venture Funds

271 294

285 193

 

     (e)  Associate Indian

700 000

700 000

 

Short Term Investments

  

1

Government securities and Government guaranteed

2356 943

3358 251

 

bonds including Treasury Bills

 0

 0

2

Other Approved Securities

113 950

139 719

3

Other Investments

  
 

     (a)  Shares

 0

 0

 

           (aa)  Equity

 0

 0

 

           (bb)  Preference

 0

 0

 

     (b)  Mutual Funds

3668 161

3632 836

 

     (c)  Derivative Instruments

 0

 0

 

     (d) Debentures /Bond Indian

683 189

581 462

 

           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

2025 539

4130 619

5

Other than Approved Investments

 0

 0

 

     (a)   Preference Shares

 41

5 545

 

     (b) Debentures /Bond

1864 666

1470 007

 

     (c)  Mutual Funds

 0

 0

 

TOTAL

186382 264

170296 284

    

Figures for the previous year have been regrouped where necessary.

    

INVESTMENTS - POLICYHOLDERS' FUND

 

Particulars

31.12.2020

31.12.2019

 

LONG TERM INVESTMENTS

  
 

LONG TERM INVESTMENTS

  

1

Government securities and Government guaranteed

254976 361

188110 468

 

bonds including Treasury Bills

 0

 0

2

Other Approved Securities

916 930

1361 600

3

Other Investments

 0

 0

 

     (a)  Shares

 0

 0

 

           (aa)  Equity - Indian

246678 205

254345 780

 

                   Equity - Foreign

 0

 0

 

           (bb)  Preference

 0

 258

 

     (b)  Mutual Funds

 0

 0

 

     (c)  Derivative Instruments

 0

 0

 

     (d)  Debentures /Bonds Indian

10025 833

11468 970

 

           Debentures /Bonds Foreign

 0

 0

 

     (e) Other Securities

  
 

          Guaranteed  Equity

 395

 396

 

     (f)  Subsidiaries

 0

 0

 

     (e)   Associates - Indian

 0

 0

 

            Associates - Foreign

 0

 0

4

Investments in Infrastructure and Social Sector

  
 

(a) Equity

6654 168

7039 141

 

(b) Debentures/Bonds

65545 740

46569 937

5

Other than Approved Investments

 0

 0

 

     (a)   Equity/Preference/Debentures/Venture Funds

30933 773

39662 716

 

     (b)   Preference

 260

13 944

 

     (c)  Debentures /Bond

10683 088

13051 098

 

     (d)  Venture Funds

1019 633

1078 222

 

     (e)  Associate Indian

 0

 0

 

Short Term Investments

  

1

Government securities and Government guaranteed

8858 350

12696 462

 

bonds including Treasury Bills

 0

 0

2

Other Approved Securities

428 269

528 233

3

Other Investments

  
 

     (a)  Shares

 0

 0

 

           (aa)  Equity

 0

 0

 

           (bb)  Preference

 0

 0

 

     (b)  Mutual Funds

13786 440

13734 580

 

     (c)  Derivative Instruments

 0

 0

 

     (d) Debentures /Bond Indian

2567 702

2198 321

 

           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

7612 800

15616 539

5

Other than Approved Investments

 0

 0

 

     (a)   Preference Shares

 153

20 963

 

     (b) Debentures /Bond

7008 171

5557 621

 

     (c)  Mutual Funds

 0

 0

 

TOTAL

667696 271

613055 249

    

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