Professional Documents
Culture Documents
EK DIN
BADLEGI
INSURANCE AAJ BADAL
RAHA HAI
ANNUAL REPORT
2013-14
INSURANCE
AAJ BADAL
RAHA HAI
ICICI Prudential Life has
taken up the mantle
to convey the positive
changes in the industry
to the citizens of the
country through our
campaign of Insurance
Aaj Badal Raha Hai - We
are changing too.
CORPORATE OVERVIEW
CONTENTS
CORPORATE OVERVIEW
02-13
02
03
04
06
08
10
12
14-42
Directors Report
14
Corporate Governance
24
26
38
41
42
FINANCIAL STATEMENTS
43-338
Management Report
44
Standalone
Independent Auditors Report and Certificates
50
Financial Statements
54
Consolidated
Independent Auditors Report
302
Financial Statements
303
OTHER INFORMATION
339-343
339
Glossary of Terms
340
Additional Information
343
MESSAGE
FROM
THE CHAIRPERSON
With extensive use of technology
and a committed team of
employees, we strive to be the
preferred choice of customers
for their protection and savings
needs.
Chanda Kochhar
Chairperson
DEAR SHAREHOLDERS,
The Indian economy has experienced challenges
in recent years due to both global and domestic
headwinds. However, the intrinsic strengths of
the economy as well as policy measures taken
to stabilise the fiscal and current account deficits
have helped to sustain optimism and confidence
regarding our long-term growth potential. The
decisive mandate in the recent general elections
has created the space for proactive policy and
administrative action to harness our growth
drivers. In the coming years, Indias dynamism
and the existing under-penetration of financial
services will provide the basis for sustained
growth in the financial sector.
CORPORATE OVERVIEW
Barry Stowe
DEAR SHAREHOLDERS,
Prudential plc has a number of market leading
positions in Asia and I am very pleased that our
joint venture, ICICI Prudential Life, continues to
be one of these.
I am often asked about the drivers of this
success in the region. Our strengths in growing
and managing high quality, multi-channel
distribution, together with our expertise in
providing innovative solutions to our customers
savings and protection needs and delivering
service excellence are all vitally important but do
not tell the full story.
MESSAGE FROM
THE MANAGING DIRECTOR
& CEO
ICICI Prudential Lifes focus
remains on supporting delivery of
elements of value to customers.
The companys array of products
continue to fulfil customer specific
financial goals, now in a much
more cost effective manner.
DEAR SHAREHOLDERS,
There are several reasons to be optimistic about
the path of the Indian life insurance industry. The
industry has experienced changes in regulations
which we believe will provide the necessary
tailwinds. The industry is more stable today
and certain enablers like demographics, better
product construct & customer service and
consistent fund performance bodes well for
the industry. Life insurance today encompasses
targeted product coverage for every consumer
profile and need.
We at ICICI Prudential Life are delighted to have
been an integral part of the transformation that
has enabled us to offer a better proposition to
customers. Our focus on integrating technology
in all aspects of our functioning has made it fairly
easy for us to adapt to the changed business
environment with a sustained focus on service
delivery. In fact, the new regulations have
provided an opportunity to position life insurance
as a tool offering financial protection and
facilitating building a savings pool for the future.
Sandeep Bakhshi
CORPORATE OVERVIEW
Highlights of FY 2013-14
ICICI Prudential Life has delivered good results
despite a changing business environment. This
has been the result of ensuring that all initiatives
implemented pivoted around customers and
their requirements in an efficient manner. More
importantly, the digital initiatives facilitated
increased productivity across the organization.
BOARD
OF DIRECTORS
Mr. N. S. Kannan
Mr. K. Ramkumar
Mr. V. Sridar
Chairperson
Director
Independent Director
Independent Director
Executive Director
Director
Director
Independent Director
Independent Director
Director
Director
Independent Director
Executive Director
CORPORATE OVERVIEW
BOARD
COMMITTEES
BOARD AUDIT COMMITTEE
Mr. Keki Dadiseth, Chairman
Mr. K. Ramkumar
Mr. Adrian OConnor
Mr. V. Sridar
BOARD INVESTMENT
COMMITTEE
Prof. Marti G. Subrahmanyam, Chairman
Mr. N. S. Kannan
Mr. Adrian OConnor
Mr. Sandeep Bakhshi
Mr. Sandeep Batra
Mr. Satyan Jambunathan
Mr. Manish Kumar
Mr. Binay Agarwala
* Board Compensation & Nominations Committee renamed as Board Nomination & Remuneration
Committee with effect from April 22, 2014.
** Board Corporate Social Responsibility Committee constituted on April 22, 2014
ICICI PRUDENTIAL
LIFE AT A GLANCE
ICICI Prudential Life Insurance Company Limited (ICICI Prudential Life)
is a joint venture between ICICI Bank, Indias second largest bank
and Prudential plc, a leading international financial services group
headquartered in the United Kingdom. ICICI Prudential Life was among
the first private sector life insurance companies to enter the life insurance
industry in December 2000. ICICI Bank and Prudential plc hold 74% and
26% stakes, respectively, in ICICI Prudential Life.
Our commitment revolves around the customer, helping them meet their
long-term financial goals. For over a decade, this commitment has only
grown from strength to strength.
New business
premium
28.18
31.18
33.10
(` billion)
Market share*
FY 2013
FY 2014
FY 2012
Annualised Premium
Equivalent (APE)
18.9
18.5
16.1
7.0
7.2
FY 2013
FY 2014
5.9
FY 2012
(%)
Total industry
Private industry
*Retail weighted received premium basis
Distribution mix*
10.2
7.5
38.3
7.2
13.1
45.2
(%)
9.6
8.0
Product mix*
38.4
45.5
FY 2012
34.5
FY 2013
Agency
Corporate agents & Brokers
66.5
54.5
28.2
FY 2014
Bancassurance
Others
33.5
54.2
61.6
44.0
(%)
FY 2012
ULIP
FY 2013
FY 2014
Traditional
CORPORATE OVERVIEW
Expenses*
17.83
17.31
7.65
6.05
FY 2012
Expense ratios
(` billion)
75.4
6.27
FY 2013
Commission
84.8
16.28
FY 2014
(%)
69.3
17.9
19.2
18.8
FY 2012
FY 2013
FY 2014
Cost to RWRP
Operating expenses*
Assets under
management
(` billion)
707.71
741.64
805.96
398.90
377.54
382.26
15.67
14.96
13.84
Dividend
(` billion)
10.93*
7.65
2.90
308.81
FY 2012
Debt
364.10
4.14
3.39
4.84
423.70
FY 2013
FY 2014
FY 2012
FY 2013
Equity
FY 2014
FY 2012
FY 2013
FY 2014
Dividend (` billion)
Persistency*
77.0
FY 2012
(%)
71.4
71.7
371.3
FY 2013
FY 2014
FY 2012
Persistency
*13th Month
06 Board of Directors and Board Committees
Solvency ratio*
(%)
395.7
372.3
FY 2013
FY 2014
Solvency ratio
*Available solvency / required solvency
OFFERING A
SUPERIOR
VALUE
PROPOSITION
With the core philosophy
of what is good for the
customer is good for the
Company, we at ICICI
Prudential Life aim at
providing a superior customer
value proposition. Our view
of customer value proposition
encompasses comprehensive
product suite, higher returns
through product design and
investment management,
an enhanced customer
experience, best in class
post sales customer service,
and convenient customer
interaction platforms.
10
CORPORATE OVERVIEW
Married
30-35 years
Home purchase
Pure protection
( health + life )
Wealth creation
for long term
Retired
55+ years
Mortage
Insurance
Childerns
higher studies
Post-retirement living
expenses- Annuities
Childerns education
Mortgage Insurance
Medical expenses
Saving for
childs marriage
Health care
Retirement provison
Retirement planing
Helath insurance
11
ENHANCING
THE
CUSTOMER
EXPERIENCE
Apart from our existing
channels of communication, we
introduced the online claims
settlement facility that provides
convenience to the claimant.
All relevant documents can be
uploaded for a quick processing
and disbursal of the claim.
12
CORPORATE OVERVIEW
For FY2014
80.2% of the new business applications
initiated using the digital platform
13
DIRECTORS REPORT
TO THE MEMBERS
ICICI Prudential Life Insurance Company Limited
Your Directors have pleasure in presenting the fourteenth Annual Report of ICICI Prudential Life Insurance Company Limited (the Company) with the audited
statement of accounts for the year ended March 31, 2014.
PERFORMANCE
Industry in FY2014
The life insurance industry registered a decline of
3.4% in retail weighted new business premium
(RWRP) terms for FY2014. The private sector
declined by 3.4%. Some of the key trends in the
industry are as follows:
The new product regulations for linked
and non-linked products came into effect
from January 1, 2014. This has meant a
significant transition for the industry with
players having to re-build their product
suite.
The decline in the number of individual
agents for the industry was arrested in
FY2014 with number of agents increasing
marginally from 2.17 million as at December
31, 2012 to 2.20 million as at December 31,
2013. For Private industry also the number
of individual agents increased from 0.96
million in December 2012 to 1.00 million
in December 2013. The percentage of
business from agency for private players as
of December 2013 was similar to December
2012.
FY2013
RWRP
FY2014
33.10
32.53
116.94
116.85
24.96
22.55
14.96
15.67
Company in FY2014
Basic policy
2,412.99
2,688.01
2,757.71
3,020.68
Assets held
741.64
805.97
Cost to RWRP
75.4%
69.3%
Expense ratio*
19.2%
18.8%
14 Directors Report
24 Corporate Governance
* Expense ratio = Expenses (including commission and front line sales cost excluding unit expenses)/(Total premium income - 90%
of single premium)
Strengthen multi-channel architecture:
The Company would strengthen its mutlichannel distribution by non-linear scale
up of agency and proprietary sales force,
leveraging the bancassurance franchise and
focussing on quality third party distribution.
C
ontinued focus on efficiency of
operations: The Company would focus on
cost efficiency and in particular would leverage
the digital platform to improve customer
experience and efficiency of operations.
C
ustomer retention: The Company would
strengthen mechanisms to improve
the AUM growth by increasing renewal
premium and curtailing surrenders.
Superior risk adjusted fund performance:
The Company has in place a robust risk
and investment management framework
to deliver superior risk adjusted returns to
customers.
OUR REACH
The Company reaches its customers through
559 offices in 489 locations at March 31, 2014.
At March 31, 2014, the Company had over
10,700 employees and over 171,000 advisors
and is thus well equipped to cater to the needs
of customers. The Company distributes its
products and renders services through its offices
as well as individual agents, corporate agents,
banks, brokers, proprietary sales force (PSF) and
online channels. The digitization initiative has
helped the Company expand its reach by making
us agnostic to presence of physical offices. To
further this initiative, the Company has deployed
more than 6,000 handheld devices.
PRODUCTS
During the year, the Company revamped its
entire portfolio of products to ensure adherence
to the new product regulations issued by IRDA.
These regulations covered product design of all
retail and group products including unit linked
and traditional products. The Company currently
offers a range of products across unit linked and
traditional platforms to meet specific customer
needs. The Company has introduced unit linked
life and pension products that offer equity
participation while providing a capital guarantee.
In FY2014, the Company had a balanced product
mix with traditional products contributing to
33.9% of the retail new business premium.
DIVIDEND
RESERVES
&
TRANSFER
TO
CLAIMS
The Company believes that claim settlement
is the ultimate promise which needs to be
delivered to policyholders/beneficiaries. Towards
this objective, we have designed and developed
robust claims processes and systems which
ensure settlement of genuine claims at the
earliest, thereby protecting the interest of
policyholders.
The Company has demonstrated its commitment
by settling over 15,000 individual and group
mortality claims in FY2014. For non-investigated
individual claims, the claim settlement was
completed within an average turn around time
of six days from receipt of last requirement as
compared to the regulatory norm of 30 days.
BOARD OF DIRECTORS
Section 149 of the Companies Act, 2013 (the Act)
which defines the composition of the Board has
been notified effective April 1, 2014 and provides
that an independent director shall not hold office
for more than two consecutive terms of five years
each provided that the director is re-appointed by
passing a special resolution on completion of first
term of five consecutive years.
As per the explanation provided under Section
149 of the Act, any tenure of an independent
Director on the date of commencement of this
Section i.e. April 1, 2014 shall not be counted
as a term. The tenure of every independent
director to compute the period of first five
consecutive years would be reckoned afresh
from April 1, 2014. The independent directors viz
Mr. Keki Dadiseth, Prof. Marti G. Subrahmanyam,
Ms. Rama Bijapurkar, Mr. Vinod Kumar Dhall,
Mr. V. Sridar will hold office for a maximum
consecutive period of five years post which
they will be subject to re-appointment subject
to compliance with applicable provisions of the
Companies Act, 2013.
AUDITORS
SUBSIDIARY
PUBLIC DEPOSITS
During the year under review, the Company has
not accepted any deposits under Section 58A of
the Companies Act, 1956.
CORPORATE GOVERNANCE
The corporate governance framework of the
Company is based on an effective independent
Board, the separation of Boards supervisory
role from the executive management and the
constitution of Board Committees, generally
comprising a majority of independent/nonexecutive Directors and chaired by independent
Directors, to oversee critical areas.
16
14 Directors Report
24 Corporate Governance
Internal audit
framework
and
compliance
Code of Conduct
Investments
for
Personal
Board of Directors
The Company has a broad-based Board of
Directors, constituted in compliance with the
Companies Act, 1956 and in accordance with
IRDA Corporate governance guideline, 2009.
The Board comprises of fourteen Directors; four
nominated by ICICI Bank Limited, two nominated
by Prudential Plc, five independent Directors, the
Managing Director & CEO and two Executive
Directors. Except the Managing Director & CEO
and two Executive Directors, all other Directors
including the Chairperson of the Board are nonexecutive Directors. There is a clear segregation
of responsibility and authority between the
non-executive Directors and the executive
management. The Board is responsible for overall
corporate strategy and other responsibilities
as laid down by IRDA under the Corporate
Governance guidelines. The Managing Director
& CEO and the Executive Directors oversee
implementation of strategy, achievement of
the business plan and day-to-day operations.
There is an appropriate mix of executive, nonexecutive and independent Directors to maintain
the professionalism and independence of the
Board. The independent Directors are eminent
personalities with significant expertise in the
fields of finance, insurance, law, strategy and
marketing. None of the Directors are related to
any other Director or employee of the Company.
The Board functions either as a full Board
or through various Committees constituted
to oversee specific operational areas. The
Board has constituted eight Committees,
namely, Board Audit Committee, Board Risk
Management Committee, Board Investment
Committee, Board Customer Service &
Policyholders Protection Committee, Board
Nomination and Remuneration Committee,
With Profits Committee, Board Corporate Social
Responsibility Committee and Share Transfer
Committee. These Committees were constituted
with independent/non-executive Directors and
all the Committees are chaired by independent
Directors.
At March 31, 2014, the Board of Directors
consisted of 14 members. There were five
Meetings of the Board during FY2014 - on April 18,
2013, July 16, 2013, October 18, 2013, October
30, 2013 and January 16, 2014. The names of the
Directors and their attendance at Board Meetings
during the year are set out in the following table:
Number of other
committee3
memberships
5/5
4/5
5/5
2/5
4/5
4
2
2
-
1
-
2
-
4/5
3/5
3/5
5/5
1/1
8
3
1
5
5
1
4
2
1
5
1
7
-
3/4
5/5
5/5
1/1
1
2
1
1
3.
5/5
2
in
India
and
foreign
companies
but
excludes
Section
Comprises only Audit Committee and Share Transfer & Shareholders/Investors Grievance Committee of Indian public companies.
Board Committees
The details of Board Committees are as follows:
a) Board Audit Committee
Terms of reference:
I. Accounts & Audit
Approval of payment to statutory
auditors and internal auditors or any of
its associated persons or companies, for
any other services rendered by them.
Oversee the financial statements,
financial reporting, statement of cash
flow and disclosure processes both on
an annual and quarterly basis.
Recommend the appointment, reappointment and, if required, the
replacement or removal; remuneration,
performance and oversight of the work
of the auditors (internal/statutory/
concurrent).
Significant adjustments made in the
financial statements arising out of audit
findings.
Compliance with listing and other
legal requirements relating to financial
statements to the extent applicable.
Disclosure of
transactions.
Board Meetings
attended/held
during the year
Oversight of the procedures and
processes established to attend to
issues relating to maintenance of books
of account, administration procedures,
transactions and other matters having
a bearing on the financial position of
the Company, whether raised by the
auditors or by any other person.
Discuss with the statutory auditors
before the audit commences, about the
nature and scope of audit, as well as,
any
related
party
17
Set-up procedures and processes
to address all concerns relating to
adequacy of checks and control
mechanisms.
R
eview the findings of any internal
investigations by the internal auditors
into matters where there is suspected
fraud or irregularity or a failure of internal
control systems of a material nature and
reporting the matter to the Board.
R
eview with the management,
performance of internal auditors, and the
adequacy of the internal control systems.
R
eview the functioning of the Whistle
Blower mechanism.
18
S
upervise and monitor matters reported
using the Companys whistle blowing
or other confidential mechanisms for
employees and others to report ethical
and compliance concerns or potential
breaches or violations.
A
dvise the Board on the effect of the
above on the Companys conduct
of business and helping the Board
set the correct tone at the top
by communicating, or supporting
the communication, throughout the
Company of the importance of ethics
and compliance.
A
pprove compliance programmes,
reviewing their effectiveness on a
regular basis and signing off on any
material compliance issues or matters.
R
eview key transactions involving
conflict of interest.
R
eview the Anti Money Laundering
(AML)/Counter Financing of Terrorism
(CFT) policy annually and review the
implementation of the Companies AML/
CFT programme.
R
eview compliance of Insurance
Regulatory & Development Authority
(IRDA) Corporate Governance guidelines.
M
onitor the directives issued/penalties
imposed/penal action taken against the
Company under various laws and statutes
and action taken for corrective measures.
Composition
The Board Audit Committee comprises of
two independent Directors and at March 31,
2014 was chaired by Mr. Keki Dadiseth, an
independent Director. There were six Meetings
of the Committee during the year.
The details of the composition of the Committee
and attendance at its Meetings are set out in the
following table:
M
onitor the compliance function and
the Companys risk profile in respect
of compliance with external laws and
regulations and internal policies, including
the Companys code of ethics or conduct.
R
eview reports on the above and on
proactive compliance activities aimed
at increasing the Companys ability to
meet its legal and ethical obligations,
on identified weaknesses, lapses,
breaches or violations and the controls
and other measures in place to help
detect and address the same.
14 Directors Report
24 Corporate Governance
Number of
meetings
attended/held
6/6
6/6
2/6
1/2
b)
M
aintain a group wide and aggregated
view on the risk profile of the Company
in addition to the solo and individual risk
profile.
R
eport to the Board details on the risk
exposures and the actions taken to
manage the exposures.
A
dvise the Board with regard to risk
management decisions in relation to
strategic and operational matters such
as corporate strategy and acquisitions
and related matters.
M
onitor risk exposures at periodic
intervals and revise ALM strategies
where required.
Composition
The Board Risk Management Committee comprises
of two independent Directors and at March 31,
2014 was chaired by Prof. Marti G. Subrahmanyam,
an independent Director. There were four Meetings
of the Committee during the year.
The details of the composition of the Committee
and attendance at its Meetings are set out in the
following table:
Name of the member
Prof. Marti G. Subrahmanyam
Chairman
Ms. Rama Bijapurkar
Mr. N. S. Kannan
Mr. Adrian OConnor
Number of
meetings
attended/held
3/4
3/4
3/4
2/4
R
esponsible for a periodic review of
the Investment Policy based on the
performance of investments and the
evaluation of dynamic market condition.
S
et the Companys risk/reward objectives
and assess policy holders expectations.
Q
uantify the level of risk exposure and
assess the expected rewards and costs
associated with the risk exposure.
Composition
The Board Investment Committee comprise of
one independent Director and at March 31, 2014
was chaired by Prof. Marti G. Subrahmanyam, an
independent Director. There were four Meetings
of the Committee during the year.
The details of the composition of the Committee
and attendance at its Meetings are set out in the
following table:
Name of the member
Prof. Marti G. Subrahmanyam
Chairman
Mr. N. S. Kannan
Mr. Adrian OConnor
Mr. Sandeep Bakhshi
Mr. Puneet Nanda*
Mr. Sandeep Batra**
Dr. Avijit Chatterjee***
Mr. Manish Kumar
Mr. Satyan Jambunathan****
Mr. Binay Agarwala****
upto December 31, 2013
appointed from January 1, 2014
upto April 18, 2013
****
appointed April 18, 2013
*
**
Number of
meetings
attended/held
3/4
3/4
2/4
4/4
3/3
1/1
1/1
4/4
3/3
3/3
Number of
meetings
attended/held
4/4
4/4
2/4
e)
Board Nomination and Remuneration
Committee
Terms of reference:
To identify persons who are qualified
to become directors and who may
be appointed in senior management
in accordance with the criteria laid
down, recommend to the Board their
appointment and removal and shall
carry out evaluation of every directors
performance.
To formulate the criteria for determining
qualifications,
positive
attributes
and independence of a director and
recommend to the Board a policy,
relating to the remuneration for the
directors, key managerial personnel and
other employees.
To ensure that the level and composition
of remuneration is reasonable and
sufficient to attract, retain and motivate
directors of the quality required to run
the company successfully.
To ensure that relationship of
remuneration to performance is clear
and meets appropriate performance
benchmarks.
To approve the Compensation Programme
and to ensure that remuneration to
directors, key managerial personnel and
senior management involves a balance
between fixed and incentive pay reflecting
short and long term performance
objectives appropriate to the working of
the company and its goals.
Composition
The Board Compensation & Nominations
Committee comprises of three independent
Directors and at March 31, 2014 was chaired by
Ms. Rama Bijapurkar, an independent Director.
There were five Meetings of the Committee
during the year.
The details of the composition of the Committee
and attendance at its Meetings are set out in the
following table:
***
19
Composition
The With Profits Committee comprises two
independent Director and at March 31, 2014
was chaired by Mr. V. Sridar, an independent
Director. There were one Meeting of the
Committee during the year.
Composition
The Corporate Social Responsibility (CSR)
Committee comprise of one independent Director
who is also the Chairman of the Committee.
Number of
meetings
attended/held
5/5
3/5
5/5
4/5
4/5
1/1
0/1
Mr. N. S. Kannan
0/1
Mr. N. M. Govardhan
1/1
1/1
1/1
Mr. Vinod Kumar Dhall, non-executive
Director
Mr. Adrian O Connor, non-executive Director
Mr. K. Ramkumar, non-executive Director
Remuneration policy
The Board Compensation and Nominations
Committee determines and recommends to the
Board the amount of remuneration, including
performance bonus and perquisites, payable to
the wholetime Directors on certain parameters.
The following table sets out the details of
remuneration (including perquisites and retiral
benefits) paid to whole time Directors for
FY2014.
(` 000)
Name of the Director
Basic
Sandeep Bakhshi,
Managing Director & CEO
Bonus
Retirals
Allowances
Perquisites
LTRS1
Total
12,626
5,585
2,878
7,643
15,000
43,732
Puneet Nanda,
Executive Director
7,349
4,079
1,617
7,323
12,500
32,868
Sandeep Batra,
Executive Director2
1,556
187
2,301
4,044
145
1,700
647
307
7,500
10,299
21,676
11,364
5,329
17,574
35,000
90,943
Madhivanan Balakrishnan,
Executive Director3
Total
1 Long Term Reward Scheme paid during the year
2 Inducted effective January 1, 2014
3 Held office until June 30, 2012
20
14 Directors Report
24 Corporate Governance
Amount (in `)
2,00,000
2,40,000
2,20,000
2,80,000
Mr. V. Sridar
1,20,000
20,000
d) Submit report on its performance to the Customer Service & Policyholder Protection Committee
(CS & PPC) on a quarterly basis.
The key discussions of the GRC Meeting are put up at the Board Customer Service & Policyholders
Protection Committee for information.
Day, Date
Start time
Eleventh AGM
3.00 p.m.
Twelfth AGM
11.00 a.m.
Thirteenth AGM
11.00 a.m.
Venue
ICICI PruLife Towers, 1089
Appasaheb Marathe Marg,
Prabhadevi, Mumbai 400025
ICICI PruLife Towers, 1089
Appasaheb Marathe Marg,
Prabhadevi, Mumbai 400025
ICICI PruLife Towers, 1089
Appasaheb Marathe Marg,
Prabhadevi, Mumbai 400025
Day, Date
Tuesday,
December 3,
2013
Start time
4.30 p.m.
Venue
ICICI PruLife Towers,
1089 Appasaheb
Marathe Marg,
Prabhadevi, Mumbai
400025
21
ADDITIONAL INFORMATION
Conservation of Energy and Technology
absorption
In view of the nature of business activity of
the Company, the information relating to the
conservation of energy and technology absorption,
as required under Companies (Disclosure of
Particulars in the Report of Board of Directors)
Rules, 1988, is not required to be given.
FY2013
52,781
432,118
FY2014
52,925
695,007
DIRECTORS RESPONSIBILITY
STATEMENT
In accordance with the requirements of Section
217(2AA) of the Companies Act, 1956 and the
Corporate Governance Guidelines, the Board of
Directors confirm:
22
14 Directors Report
24 Corporate Governance
ACKNOWLEDGEMENTS
The Directors are grateful to the Insurance
Regulatory & Development Authority, Reserve
Bank of India and Government of India for their
continued co-operation, support and advice.
Chanda Kochhar
Chairperson
23
CORPORATE GOVERNANCE
DISCLOSURE REQUIREMENTS AS PRESCRIBED BY THE IRDA GUIDELINES ON CORPORATE GOVERNANCE FOR
INSURANCE SECTOR
1.
Disclosures regarding the Board
Governance Structure
These include:
c.
Number of meetings held by the
directors and the members of the
Committee.
2.
Basis, methods and assumptions
on which the financial information
is prepared and impact of changes,
if any
The basis, methods and assumptions using
which the financial statements have been
prepared have been detailed in schedule
16 of financial statements i.e. significant
accounting policies and notes forming part
of the financial statements.
3.
Quantitative
and
qualitative
information on the Companys
financial and operating ratios
namely, incurred claim, commission
and expenses ratios
Information, both quantitative and
qualitative, on the insurers financial and
operating ratios have been submitted in
the Management Discussion and Analysis
section of the Annual Report.
4.
Actual solvency margin details
vis--vis the required margin
The details of the solvency ratio are as
below:
Particulars
Actual solvency ratio
FY2013
395.7%
FY2014
372.3%
150.0%
150.0%
7. Details of number of claims intimated, disposed of and pending with details of duration
The claims settlement experience for the Company for FY2014 has been as follows:
Sr.
No.
1.
2.
3.
4.
5.
6.
7.
8.
Claims experience
Death
claims
20
16,162
15,311
726
145
Maturity
claims
162
28,073
19,327
8,908
Survival
benefits
53,172
53,172
-
Annuities/
Pensions
4,264
71,352
71,313
4,303
Surrender
claims
1,453
917,568
898,580
20,441
Health
claims
426
24,568
20,434
3,847
304
409
Other
benefits
1
194
190
2
3
Claims experience
Claims outstanding at end of the period
Less than 3 months
3 months to 6 months
6 months to 1 year
1 year and above
145
101
40
2
2
Maturity
claims
8,908
4,726
570
825
2,787
Annuities/
Pensions
4,303
947
102
326
2,928
Surrender
claims
20,441
20,405
5
19
12
14 Directors Report
24 Corporate Governance
Health
claims
Other
benefits
409
379
30
-
3
2
1
8.
All pecuniary relationships or
transactions of non-executive
directors
The Companys non-executive and
independent directors do not have any
pecuniary relationships or transactions
with the Company, its Directors or its
senior management except to the extent
of insurance policies taken by them in the
ordinary course of business and the sitting
fees paid to them for attending Board and
Committee meetings.
The premium income received by the
Company from insurance policies issued to
non-executive directors of the Company is
as follows:
(`000)
Name of non-executive
director
FY2013
FY2014
Rajiv Sabharwal
Rama Bijapurkar
N.S. Kannan
1,191
30
15
1,191
Total
1,236
1,236
30
15
13.
Any other matters which have
material impact on the financial
position
There are no matters which have material
impact on the financial position except
those disclosed in the financial statements.
11.
Disclosure requirements of the
Participating and Unit linked
policyholders
Disclosure requirements of the Participating
and Unit linked policyholders has been
furnished as a part of the financial
statements Refer schedule 16: Significant
accounting policies and notes forming part
of the financial statements.
25
I. INDUSTRY
REPORT
AND
BUSINESS
Particulars
Nominal GDP (` trillion)
Household savings as % of GDP
Financial savings as % of GDP
New business premium* (` billion)
Total premium (` billion)
Insurance share of financial assets
Penetration (total premium as % of GDP)
FY2012
90
22.8%
7.0%
479
2,871
19.8%
3.2%
(` billion)
FY2013
101
21.9%
7.1%
470
2,872
16.4%
2.8%
Structurally the Indian economy remains strong owing to solid fundamentals in the form of favorable
demographics and a high savings and investment rate. In the medium to long term, there should
be some upward movement in GDP growth rates from the current level and a shift back to financial
savings. A stable government would accelerate the movement towards higher GDP growth rates and
financial saving rates. This increase in income levels and financial savings will provide an impetus for
the growth of the life insurance market in the future.
1.2 Insurance industry overview
1.2.1 Competitive landscape
The Indian Life Insurance industry has 24 players including Life Insurance Corporation of India (LIC). LIC
continues to be a strong player with a market share of more than 60%. Top 7 private players contribute
to around 75% of the private market.
Market share*
FY2011
78
23.1%
9.9%
504
2,916
19.5%
3.7%
FY2010
65
25.2%
12.0%
550
2,654
26.2%
4.6%
FY2010
LIC
( %)
12.8
12.1
10.0
9.1
9.0
39.5
33.6
26.6
28.9
29.0
47.7
54.3
63.4
62.0
62.0
FY2011
Top 7 private
FY2012
FY2013
FY2014
Others
In FY2014, the industry declined by 3.4%. Both LIC and private players declined by 3.4% hence, the
market share of private players has remained flat in FY2014.
26
14 Directors Report
24 Corporate Governance
Overall, the trend of shift from ULIPs to traditional products continued. For private players, traditional
mix moved from 59% in FY2012 to 65% in FY2013 and to 72% as at December 31, 2013 of total new
business received premium. Bigger private players have a more balanced mix between linked and
traditional products.
( %)
17.0
31.3
58.6
65.3
71.7
83.0
68.7
41.4
34.7
28.3
FY2010
FY2011
ULIP
FY2012
FY2013
9m-2014
Traditional
Distribution trends
( %)
24.4
19.9
16.9
17.2
16.7
24.9
33.2
39.0
43.1
42.3
50.7
46.9
44.1
39.7
41.0
FY2010
Agency
FY2011
Banca
FY2012
FY2013
9m-2014
Others
Distribution mix for private insurers based on new business received premium
Source: Public disclosures
Bancassurance as a distribution channel has seen rapid growth in the last few years. The share of this
channel4 among private players has increased from 25% in FY2010 to 42% in 9m-2014. Direct sales
through proprietary sales force or through internet is also becoming increasingly important.
Product regulations
Insurance Regulatory and Development
Authority (IRDA) issued regulations regarding
linked and non linked products to originally
come into effect from October 1, 2013.
The main changes introduced were linking
of commission to premium paying term,
discontinuance of non participating products
linked to an external index and highest
NAV guarantee products, and increase
in guaranteed surrender value for non
linked products. IRDA extended the date
of applicability of these regulations from
October 1, 2013 to January 1, 2014. However,
products with highest NAV guarantee and
benefits linked to an external index were
discontinued from October 1, 2013.
Distribution
IRDA allowed banks to continue as
corporate agents or become insurance
brokers with prior approval from RBI. In case
a bank becomes a broker, there would be a
cap of 25% on business from insurer within
the same promoter group.
Renewal of agency licenses will now not
be subject to meeting the persistency rates
of 50% and insurers may have their own
persistency criterion for renewal of agency
licenses from July 1, 2014.
IRDA allowed insurers to open foreign
branches/subsidiaries subject to certain
guidelines.
Financial inclusion
IRDA added new organisations and types of
individuals to the list of entities who can be
appointed as Micro Insurance Agents (MIA)
in accordance with the extant applicable
provisions of IRDA (Micro Insurance)
Regulations, 2005.
IRDA allowed marketing and servicing of
policies through M/s CSC e-governance
Services India Limited (CSC-SPV) and its
Common Service Centers (CSCs). Insurers
can develop special products to be marketed
through these entities.
27
Investment
IRDA allowed insurers to participate in
Collateralized Lending and Borrowing
Obligations (CBLO) transactions under
IRDAs guidelines for reverse repo
transactions which has a cap of 10% of each
fund for such transactions.
Process
Insurance repositories were launched.
Both IRDA and PFRDA (Pensions Fund
Regulatory and Development Authority)
permitted e-KYC (know your customer)
service of UIDAI (Unique Identification
Authority of India) to be used as acceptable
proof for KYC verification subject to specific
and express consent of the customer to
access his/her data through the UIDAI
system.
Policy servicing forms are to be made
available in all languages recognised under
the Constitution of India.
1.3 Industry outlook
The value proposition of life insurance products
has improved over the last few years, making
it more competitive vis--vis other financial
products. The long term growth prospects of the
industry remain positive on the back of structural
advantages of the Indian economy. However, the
industry would need to concentrate on a few
near term challenges to be able to fully leverage
its growth potential.
1.3.1 Opportunities
GDP growth and rising income levels
India is likely to remain one of the fastest growing
economies in the world on a long term basis. As
a result of its growth, India is seeing a rise in
the number of affluent households. This trend is
promising for the financial services industry as
the surplus incomes are likely to be channelled
into savings avenues like life insurance.
Number of
households in millions
FY2015F
FY2025F
Mass affluent (`
90,000 to ` 1 million
per annum)
166.6
221.1
High net-worth
households (over ` 1
million per annum)
3.3
9.5
World Gold Council Report February 2014 6Source: UN Population divisions release World Population Prospects The 2012 Revision
McKinsey analysis 9World Bank database for the period CY2011 10IRDA Journal, June 2013
28
14 Directors Report
24 Corporate Governance
2. Company strategy
Cost efficiency
At year ended
Equity holdings (` billion)
March 31, March 31, March 31, March 31, March 31, March 31,
2008
2009
2010
2011
2012
2013
Insurance industry
2,383
1,997
4,469
5,074
4,739
4,648
10.7%
13.2%
17.1%
17.2%
16.3%
15.0%
Nos. in 000s
No. of agents (individual)
No. of direct employees
Total
FY2008
FY2009
FY2010
FY2012
FY2013
2,499
2,904
2,889
2,609
2,359
2,126
254
285
269
243
259
245
2,753
3,189
3,158
2,852
2,618
2,371
FY2011
FY2012
FY2013
FY2014
44.0%
38.3%
10.2%
34.5%
45.2%
13.1%
28.2%
54.2%
9.6%
7.5%
7.2%
8.0%
RWRP for participating segment registered an increase from ` 1.75 billion in FY2013 to
` 6.00 billion in FY2014 with introduction of new participating products and withdrawal of nonparticipating savings product from October 1, 2013. Non-participating segment registered a decline
from ` 13.31 billion in FY2013 to ` 4.91 billion in FY2014. Linked RWRP registered a growth of 19.8%.
(` billion)
FY2013
Retail (RWRP)
Par
1.75
FY2013
FY2014
61.6%
38.4%
54.5%
45.5%
66.5%
33.5%
13.31
14 Directors Report
24 Corporate Governance
Par
18.04
6.00
Non-par
4.91
Linked
21.62
FY2013
Retail
Par
Renewal premium
5.56
Non-par
9.12
Par
Linked
6.39
65.87
Non-par
18.62
Linked
55.99
Renewal premium followed new business with a lag with non-participating renewal premium
registering strong growth on back of new business premium growth registered in FY2013.
3.5 Cost efficiency
The Company embarked on its journey of Growth with Efficiencies a few years back and has since
witnessed a continuous reduction in expenses year on year. As a result of the various efficiency
initiatives, the Company managed to reduce operating expenses every year for the last three years as
shown in the graph and table below:
Cost efficiency
25.50
5.61
19.89
FY2011
6.05
24.96
17.83
FY2012
7.65
22.55
FY2013
Commission
6.27
16.28
17.31
30
Linked
The Company had re-entered the pension segment in last quarter of FY2013 and has enhanced its
product suite in FY2014. Pension segment contributed to 1.7% of the RWRP in FY2014.
Operating expenses
FY2012
Non-par
FY2014
FY2014
Ratios
Cost1 to RWRP
Commission ratio2
Total expense ratio3
FY2011
69.2%
3.5%
16.0%
FY2012
84.8%
4.6%
17.9%
FY2013
75.4%
5.9%
19.2%
FY2014
69.3%
5.2%
18.8%
This has led to improvement in cost ratios. The Company tracks Cost to RWRP as the key indicator for
cost efficiency. On this metric the Company has improved from 84.8% in FY2012 to 69.3% in FY2014.
3.6 Profitability
The Company had a profit after tax of ` 15.67 billion in the year ended March 31, 2014 (as against
` 14.96 billion in FY2013), which works out to a return of 32.7% on the capital invested in the Company.
The financial results for broad business segments (excluding Shareholders) are tabulated below:
(` billion)
FY2013
Particulars
Par
1.09
Non-par
(6.26)
FY2014
Linked
Par
14.49
Non-par
1.95
Linked
0.34
9.80
FY2013
5.29
35.32
15.0%
FY2014
4.27
34.44
12.4%
8.08
Preserver
Benchmark
(%)
7.12
6.12
Protector
11.78
10.21
Balancer
Fund
Benchmarks :
Preserver Fund CRISIL Liquid Fund Index
Protector Fund CRISIL Composite Bond Index
Balancer Fund 65% CRISIL Composite Bond Index + 35% BSE 100
Maximiser Fund BSE 100
41 Fostering a Winning Workplace
Investment performance
6.83
16.34
19.01
Maximiser
31
32
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24 Corporate Governance
II. STANDALONE
STATEMENTS
FINANCIAL
a. Results from operations: Analysis of Profit and Loss and Revenue Account
The statement below summarises the Companys Revenue and Profit and Loss accounts:
Particulars
Premium income (net)
Income from investments
Other income(including fees and charges)
Commission
Operating expenses
Unit fund expense*
Benefits paid
Change in valuation of liability in respect of life policies
Taxes
Profit after tax
(` billion)
FY2013
134.17
65.96
0.25
(7.65)
(17.31)
(3.13)
(132.93)
(23.42)
(0.98)
14.96
FY2014
122.83
95.69
0.27
(6.27)
(16.28
(3.10)
(120.83)
(56.58)
(0.06)
15.67
FY2014
Growth
FY2013
32.98
3.41
80.55
116.94
18.44
135.38
(1.21)
134.17
32.31
3.54
81.00
116.85
7.44
124.29
(1.46)
122.83
(2.0%)
3.8%
0.6%
(0.1%)
(59.7%)
(8.2%)
20.7%
(8.5%)
The retail new business premium including single premium decreased by ` 0.54 billion (1.5% decrease)
from ` 36.39 billion in FY2013 to ` 35.85 billion in FY2014. After a decline for three consecutive years,
the retail renewal premium increased by ` 0.45 billion (0.6% increase) from ` 80.55 billion in FY2013
to ` 81.00 billion in FY2014. Group premiums however declined by 59.7% from ` 18.44 billion in
FY2013 to ` 7.44 billion in FY2014 leading to a decline in the total premium income from ` 134.17
billion in FY2013 to ` 122.83 billion in FY2014, a decline of 8.5%.
ii. Investment income
Details of income from investments are given in the table below:
(` billion)
FY2013
FY2014
Particulars
Unit
linked
Non
linked
Total
Unit
linked
Non
linked
Total
23.21
17.83
11.98
53.02
11.21
1.73
12.94
34.42
19.56
11.98
65.96
25.06
27.77
29.13
81.96
13.59
0.15
13.74
38.65
27.92
29.13
95.69
IRDA regulations on preparation of financial statements prescribe that the Revenue account must
include income from investments earned from assets held under both unit linked and non-linked
businesses. Income on investments under unit linked business though included as income in the
revenue account is offset by a corresponding effect on the unit linked liabilities and does not impact
the profit or loss for the period.
Particulars
Average interest earning
assets
Average yield
FY2013
302.90
(` billion)
FY2014
357.68
9.2%
9.0%
The total income on investments (including the unit linked business) is analysed as follows:
(` billion)
Particulars
Commission expenses
Operating expenses
Total expenses
FY2013
7.65
17.31
24.96
FY2014
6.27
16.28
22.55
Growth
(18.0%)
(6.0%)
(9.7%)
(` billion)
Retail
FY2013
Total
FY2014
FY2013
FY2014
32.98
6.30
19.1%
32.31
4.70
14.5%
41.84
6.30
15.1%
32.85
4.70
14.3%
3.41
0.01
0.3%
3.54
0.01
0.4%
6.24
0.01
0.2%
4.74
0.02
0.3%
80.55
1.34
1.7%
114.75
7.65
6.7%
81.00
1.56
1.9%
115.32
6.27
5.5%
87.30
1.34
1.5%
135.38
7.65
5.9%
86.69
1.56
1.8%
124.29
6.27
5.2%
Operating expenses
Operating expenses decreased by over
` 1.00 billion in FY2014 as compared to FY2013.
The total operating expenses of the Company are
analysed as follows:
33
FY2013
7.73
FY2014
7.19
Growth
(7.0%)
1.00
2.27
127.2%
1.31
1.06
(18.9%)
0.96
0.84
(12.5%)
0.67
0.61
(9.3%)
1.65
0.59
(64.1%)
(` billion)
Particulars
Employees
remuneration and
welfare benefits
Administration
support expenses
Advertisement
and publicity
Rents, rates and
taxes
Communication
expenses
Agents training,
recruitment and
incentives
Legal and
professional
charges
Depreciation
Information
technology cost
Office running
expenses
Repairs
Others*
Total expenses
(excluding unit
expense)
0.39
0.56
44.7%
0.41
0.32
0.47
0.36
14.2%
14.0%
0.32
0.33
1.8%
0.31
2.24
17.31
0.28
1.72
16.28
(8.2%)
(23.3%)
(6.0%)
FY2013
126.93
3.20
2.24
1.36
(0.80)
(` billion)
FY2014
113.07
3.66
2.99
1.95
(0.83)
132.93
120.83
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24 Corporate Governance
Particulars
Change in non linked
reserves
- Participating
- Non participating
Change in linked reserves
- Non unit reserves
- Unit reserve
Total
FY2013
(` billion)
FY2014
4.22
22.79
5.62
23.46
(0.62)
(2.97)
23.42
(0.41)
27.91
56.58
FY2013
0.98
0.98
(` billion)
FY2014
0.06
0.06
b. Financial condition
The following table sets forth, on the dates
indicated, the summarised Balance Sheet.
Particulars
Sources of funds
Equity capital and reserves
(Shareholders funds)
Policyholders funds
Funds for future
appropriations
Current liabilities and
provisions
Total
Application of funds
Investments
- Shareholders
- Policyholders
Asset held to cover linked
liabilities
Fixed assets
Deferred tax asset
Current assets, loans and
advances
Debit balance in Profit and
Loss account
Total
Contingent liabilities
March
31, 2013
(` billion)
March
31, 2014
48.41
49.82
687.34
5.08
746.24
5.04
20.18
19.71
761.01
820.81
49.20
112.87
575.21
53.53
144.57
603.10
1.72
0.08
13.17
2.02
0.02
11.68
8.76
5.89
761.01
1.79
820.81
1.99
Sources of funds
i. Equity capital and reserves (Shareholders
funds)
Equity capital
The Companys issued and subscribed share capital
comprises 1,429,255,687 equity shares of face
value of ` 10 each (1,428,939,249 Equity shares
at March 31, 2013). Of the above, 73.84% equity
shares are held by ICICI Bank Limited (73.85% at
March 31, 2013), 25.94% equity shares are held by
Prudential Corporation Holdings Limited (25.95% at
March 31, 2013) and balance 0.22% equity shares
are held by others (0.20% at March 31, 2013)
which are issued under the Companys Employee
Stock Option Scheme.
There has been no capital infusion during the
year except to the extent of shares allotted to
employees under the Employee Stock Option
Scheme.
The Company is subject to the minimum solvency
requirements (i.e. excess of value of assets over
value of insurance liabilities) prescribed by IRDA.
The solvency margin was 372.3% at March 31,
2014 as against 395.7% at March 31, 2013,
compared to minimum 150% solvency margin
prescribed by IRDA for life insurers.
Reserves
A summary of reserves and surplus is provided
in the table below:
(` billion)
Particulars
March
31, 2013
March
31, 2014
33.65
33.66
Share premium
Fair value change account
Total
0.48
1.86
34.13
35.52
8.76
5.89
March
31, 2013
2.48
0.70
110.28
569.58
(` billion)
March
31, 2014
4.81
0.66
138.12
591.37
4.30
11.28
687.34
746.24
March
31, 2013
1.32
3.76
5.08
(` billion)
March
31, 2014
0.45
4.59
5.04
FFA - Linked:
FFA represent an amount that is estimated by
the Appointed Actuary in respect of lapsed unit
linked policies and is set aside in the Balance
Sheet. This amount is not made available for
distribution to Shareholders until the expiry of
the maximum revival period. After expiry of the
revival period, the Company may appropriate FFA
amount as a surplus on the Appointed Actuarys
recommendation.
FFA - Non linked:
The Insurance regulations require that the
surplus under Policyholder funds can be
transferred to the Shareholder funds only on
the recommendation of the Appointed Actuary.
Specifically under participating funds, such
recommendation can only be made in relation to
bonuses declared to policyholders. Any surplus
in the Policyholder funds (excluding the unit fund)
that has not been recommended for distribution
to the shareholders or policyholders is held as
Funds for future appropriation (FFA) - Non linked.
35
March
31, 2013
8.12
(` billion)
March
31, 2014
6.03
4.13
4.32
1.44
1.56
0.07
0.38
1.03
0.87
0.25
0.13
0.20
0.08
3.26
18.43
2.62
16.06
36
14 Directors Report
24 Corporate Governance
March
31, 2013
1.41
0.24
0.10
(` billion)
March
31, 2014
3.00
0.51
0.14
1.75
3.65
Application of Funds
i. Investments
Our primary fund management objective is
the safety of our investments and the stability
of returns. The Company ensures that the
investment portfolio is adequately diversified and
adheres to high standards of quality.
A statement of total investments made by the
Company is given below:
Particulars
Investments
- Shareholders
- Policyholders
Asset held to cover linked
liabilities
Total
March
31, 2013
(` billion)
March
31, 2014
49.20
112.87
575.21
53.53
144.57
603.10
737.28
801.20
March
31, 2013
3.85
2.20
(` billion)
March
31, 2014
4.40
2.43
1.65
0.07
1.97
0.05
1.72
2.02
March
31, 2013
4.27
(` billion)
March
31, 2014
4.90
3.25
1.86
1.93
0.53
1.45
1.55
1.22
0.56
1.62
0.49
0.35
0.13
0.09
13.18
0.37
0.18
0.12
11.69
Contingent Liability
The contingent liability at March 31, 2014
increased to ` 1.99 billion as against
` 1.79 billion at March 31, 2013. The matter of
contingency relates to applicability of service
tax on surrender/foreclosure charges where the
service tax authority has contended that these
charges are liable for levy of service tax. The
Companys stance is that these charges are penal
in nature and no service as such is rendered in
lieu of these charges to the policyholders. The
matter is under litigation as at March 31, 2014.
The increase of ` 0.20 billion is mainly attributable
to an additional demand raised by office of the
Commissioner of Service tax.
SUBSIDIARY
PERFORMANCE
The Company has a wholly owned subsidiary,
ICICI Prudential Pension Funds Management
Company Limited (PFM). The PFM is licensed by
the Pension Funds Regulatory and Development
Authority (PFRDA) as a Pension Fund Manager
under the National Pension System (NPS) for
Indian citizens.
Industry
The total assets under management of the
industry has grown from ` 298.37 billion at
March 31, 2013 to ` 481.05 billion at March
31, 2014. The non-government sector category,
where the Company has presence (excluding
NPS Lite), grew from ` 5.82 billion at March 31,
2013 to ` 10.82 billion at March 31, 2014.
Business
PFM had a total subscriber base of 26,536 at
March 31, 2014 (at March 31, 2013: 15,183)
and funds under management of ` 1.77 billion
at March 31, 2014 (` 0.72 billion at March 31,
2013). During the year the PFM added 11,353
subscribers (previous year 5,754 subscribers).
The PFM held 16.3% share in assets under
management of the industry (excluding
government sector and NPS Lite) at March 31,
2014 (March 31, 2013: 12.4%).
The net worth of PFM at March 31, 2014 is
` 0.26 billion (at March 31, 2013 ` 0.27 billion).
For the year ended March 31, 2014 the PFM
registered a loss of ` 0.01 billion (previous year:
loss of ` 0.001 billion). The increase in loss is
attributable to the increase in scale of operations
which resulted in higher employee cost. The
increase in costs is partly offset by higher interest
income on the increased share capital (` 160
million infused on September 28, 2012) and higher
fund management fees. The fund management
fee has increased from 0.0009% per annum to
0.25% per annum with effect from March 11,
2013 as per PFRDA guidelines.
The current operations of the PFM are not
material in context of overall profit of the
Company.
Consolidation basis
The Company prepares and presents consolidated
financial statements in addition to its individual
financial statements. The consolidated financial
statements are prepared in accordance with
Accounting Standard (AS) 21 on Consolidated
Financial Statements, prescribed in the
Companies Act, 1956 ((Accounting Standard)
Rules, 2006).The financials are consolidated on
a line-by-line basis in accordance with AS 21.
37
38
14 Directors Report
24 Corporate Governance
1. Risk identification
The Company identifies its risk exposures
through a variety of techniques and processes,
including:
Stress testing of the current financial
condition of the Company. Risk may be
identified by reference to the Embedded
Value1 (EV) or to the statutory position of
the Company.
Product development process by way of
analysis of the sensitivity of profit margins
and of profit signatures to market and
insurance risks. Any liquidity or operational
risk arising out of the new product or
modification of existing product is assessed
prior to product launch.
Business planning process by way of
analysis of the sensitivity of the projected
solvency and emergence of profit to market
and insurance risks.
26 Management Discussion and Analysis
2. Risk measurement
The Company uses the following approaches to
measure its risk exposure:
Risk to the EV: Value at Risk (VaR )of the EV is
an appropriate measure of risk exposure for
market, credit and insurance risks. The VaR
is measured by calculating the reduction in
the EV under extreme economic and noneconomic scenarios. The stresses are
benchmarked to European Insurance and
Occupational Pensions Authority (EIOPA)
standards as they develop, subject to
appropriate adjustments for local conditions
and the Companys stage of development.
Risk to the growth of the EV: In addition to
the risk to the current EV, the Company also
considers risks that impede future growth
of the EV like insufficient new business
profit growth and over-run in acquisition
or renewal expenses, caused by adverse
deviation of actual unit costs from planned
unit costs.
Risk to the statutory position: The Company
considers the impact of market risk on its
statutory position and assess the quality
of its ALM by performing a resilience test
periodically on the quasi-regulatory balance
sheet. The quasi-regulatory balance sheet is
obtained by marking to market the assets on
the regulatory balance sheet. The liabilities
are determined with reference to the market
value of assets and by preserving the
margins for adverse deviation in accordance
with applicable regulation and professional
guidance. The quasi-regulatory Balance
Sheet is subjected to economic shocks and
the solvency ratios and free assets under
the stress scenarios are monitored.
Key Risk Indicators (KRIs) and loss data for
operational risk.
Liquidity Ratio of its highly liquid assets to
its near term liabilities, after allowing for any
constraint on the fungibility of its assets.
3. Risk monitoring
The ERC reviews all the risks and present a risk
report to the BRMC on a quarterly basis.The
BRMC may inform the Board of the key findings
at its discretion.
4. Risk control
Identified risk are managed by one or more of the
following techniques:
Retention (acceptance);
Avoidance;
Transfer or;
Reduction (mitigation).
The nature of the controls implemented and the
level of control exercised are based upon the:
Potential severity of the risk;
Frequency of the risk occurring;
Cost of implementing controls relative to the
significance of the risk; and
Risk Appetite.
(a) Market risk:
Launching new products can significantly
alter the risk profile of the Companys
balance sheet. Market risks inherent in the
new products or significant modifications
to existing products are identified at the
product design stage and a risk report
placed before the ERC. The products are
launched only after approval by the ERC.
Asset Liability Management (ALM): Assetliability management involves minimizing the
risk due mismatches in assets and liabilities.
Mismatches could arise either due to
asymmetric changes in the value of assets
and liabilities as a consequence of changes
in macroeconomic factors such as interest
rates, or due to asynchronous cash inflows
and outflows. The Company has developed
detailed investment specifications that
govern the investment strategy and limits
for each fund depending on the profile of
the liability backed by those assets. For
each category of products, the Investment
Specifications specify limits to permissible
exposures to various asset classes along
with duration guidelines for fixed income
instruments. The Investment Specifications
are designed appropriately to achieve the risk
versus return objectives and policyholders
reasonable expectations while maintaining
the risk within the Companys risk appetite
and with due consideration of regulatory
requirements. The mitigation strategies for
different portfolios are as follows:
i.
Category
1:
Participating
and
Non-participating endowment business
For these funds the Companys asset
allocation strategy, which includes
investments in equities, is designed to
achieve the twin objectives of managing
risks arising from guarantees and optimizing
policyholder returns, subject to regulatory
constraints. ALM is done through monthly
41 Fostering a Winning Workplace
39
40
14 Directors Report
24 Corporate Governance
We strive to be a preferred
employer by delivering on our core
employee value proposition of
Learning & Growth, Meritocracy,
Fairness
and
providing
a
Supportive environment.
41
FINANCIAL INCLUSION
The Company has taken forward the goal of
financial inclusion through distribution of its micro
insurance product Sarva Jana Suraksha. The
product was distributed through a network of over
25 partners to more than 212,650 rural customers
spread across 10 states.
CHILDREN
Children are the future of our country. Initiatives for
their protection and development deeply resonate
with us. In FY2014, the Company partnered with
Catalysts for Social Action (CSA) to implement
Government of Indias Integrated Child Protection
Scheme in the state of Madhya Pradesh. As part
of this program, interventions for rehabilitation
including registrations of homes under Juvenile
Justice Act, improving and enhancing living
and hygiene conditions, providing support for
42
14 Directors Report
24 Corporate Governance
HEALTH
In 2011, the Company had funded setup of a
dialysis facility comprising of 5 dialysis machines
at Raja Rajeshwari Medical College and Hospital
at Mysore Road, Kambipura to provide subsidised/
26 Management Discussion and Analysis
EMPLOYEE VOLUNTEERING
The Company also encourages the spirit of giving
amongst its employees. The Company participated
in the Joy of Giving week from October 2 to 8,
by running Donate a Wish campaign through
the online Wish Tree wherein employees donated
gifts for about 1500 children. Funding for the Relief
and Rehabilitation of the affected population of
Uttarakhand was contributed by the employees
through their payroll and the Company matched
this contribution. Additionally through the Payroll
Giving Program, employees are encouraged to
donate to causes of their choice and the Company
makes a matching contribution in areas aligned to
the Companys CSR focus areas. Additionally, the
Company supports the Teach for India Fellowship
program where selected employees are
encouraged to take up teaching assignments for 2
years at the schools identified by Teach for India.
During this period, the Teach for India Fellows
continue to be on the Company payroll.
44-299
Management Report
44
50
Revenue Account
54
56
Balance Sheet
57
58
59
100
Annexures
101
MANAGEMENT REPORT
for the year ended March 31, 2014
In accordance with the Insurance Regulatory and Development Authority
(IRDA) (Preparation of Financial Statements and Auditors Report of
Insurance Companies) Regulations, 2002, the following Management
Report is submitted for the financial year ended March 31, 2014:
1.
CERTIFICATE OF REGISTRATION
2.
The Balance Sheet value and the market value of these investments is as
follows:
STATUTORY LIABILITIES/DUES
We hereby certify that all dues payable to the statutory authorities have
been duly paid except those under dispute or disclosed under contingent
liabilities.
(` 000)
March 31, 2014
3.
SHAREHOLDING PATTERN
Particulars
We hereby confirm that the shareholding pattern of the Company and any
transfer of shares during the year are in accordance with the statutory
requirements.
There was no capital infusion by the promoters during the year under review.
The Company has allotted 316,438 shares (FY2013: 90,125 shares) during
the year under the Employees Stock Option Scheme.
The shareholding pattern of the Company was as follows:
Particulars
73.84%
73.85%
Prudential Corporation
Holdings Limited
25.94%
25.95%
0.22%
0.20%
Others
4.
5.
SOLVENCY MARGIN
372.3%
395.7%
150.0%
150.0%
6.
We certify that the values of all assets have been reviewed on the date
of the Balance Sheet and to best of our knowledge and belief the assets
set forth in the Balance Sheets are shown in the aggregate at amounts
not exceeding their realisable or market value under the several headings
44
44 Management Report
Debt
investments in
non-linked and
Shareholder
funds
Balance
Sheet value
166,432,925
Market
value
160,597,928
141,682,196
Market
value
142,289,088
54 Revenue Account
57 Balance Sheet
9.
OPERATIONS ABROAD
10. CLAIMS
The average time taken by the Company from the date of submission of the
final requirement by the claimant to despatch of claim payment, in respect
of mortality and morbidity claims, was as follows:
Period
FY 2014
Operational risk is the risk of loss, resulting from inadequate or failed internal
processes, people and systems, or from external events. The Operational
risk framework includes management of fraud risk and outsourcing risk.
FY 2013
FY 2012
FY 2011
FY 2010
FY 2009
59 Schedules
The ageing of mortality and morbidity claims registered and not settled at
March 31, 2014 has been detailed herein below:
101 Annexures
45
Linked business:
At March 31, 2014
Period
Upto 30 days
Greater than 30
days and upto 6
months
Greater than
6 months and
upto 1 year
Greater than 1
year and upto 5
years
Greater than 5
years
11.2.
Number of
claims
287
100
Amount
(` 000)
31,737
23,613
Number of
claims
263
91
Amount
(` 000)
24,911
9,746
433
402
Linked investments
We certify that the investments in linked business are valued on mark-tomarket basis.
Central and State government securities are valued as per the valuation
price provided by CRISIL.
Debt securities other than government securities with a residual maturity
over 182 days are valued on a yield to maturity basis, by using spreads over
the benchmark rate (based on the matrix released by the CRISIL Limited
(CRISIL) on daily basis) to arrive at the yield for pricing the security.
Debt securities with a residual maturity upto 182 days are valued at last
valuation price plus the difference between the redemption value and last
valuation price, spread uniformly over the remaining maturity period of the
instrument.
Money market instruments are valued at historical cost, subject to accretion
of discount over the period of maturity/holding on a straight-line basis.
Number of
claims
54
107
Amount
(` 000)
124,490
159,533
Number of
claims
61
27
Amount
(` 000)
7,989
13,667
Listed equity shares are valued at market value, being the last quoted
closing price on the NSE (in case of securities not listed on NSE, the last
quoted closing price on the BSE is used).
16,721
Mutual fund units are valued at the latest available net asset values of the
respective fund.
808
747
Venture fund units are valued at the latest available net asset value of the
respective fund.
Claims remain unpaid for greater than 6 months for want of proof of title
or the cause of death or pending other necessary documentation, to
determine the claim liability.
Total
(` billion)
377.58
140.62
127.15
76.61
54.45
11.87
0.85
0.12
16.72
805.97
44 Management Report
54 Revenue Account
57 Balance Sheet
%
46.8%
17.4%
15.8%
9.5%
6.8%
1.5%
0.1%
0.0%
2.0%
100.0%
The Company has a well-diversified portfolio spread across various asset classes, companies, groups and industries. Investments in equity and related
instruments are targeted at long term capital appreciation with a value-oriented investment style to target superior long-term returns. 85.1% of the equity
investments are held in companies forming part of CNX Nifty 50 and 98.0% in companies forming part of CNX 500 index.
The Company maintains a fixed income portfolio of superior asset quality at all point of time. 93.5% of the fixed income portfolio is held in highest credit rated
securities (Sovereign/AAA or equivalent). The Companys investments in debt instruments are largely restricted to a minimum rating of AA and above which
accounts for 99.4% of the Companys fixed income portfolio. The Company does not hold any non-performing assets in its debt portfolio.
SFIN
Annualised returns
3 year return
Since inception return
Fund
Benchmark
Fund
Benchmark
Equity funds
Maximiser Fund
Dynamic P/E Fund
Pension Flexi Growth Fund
Pension Flexi Growth Fund II
Flexi Growth Fund
Pension Maximiser Fund II
Multi Cap Growth Fund
Pension Dynamic P/E Fund
Pension RICH Fund
Pension Multi Cap Growth Fund
Maximiser Fund II
Flexi Growth Fund II
Pension RICH Fund II
Flexi Growth Fund IV
Maximiser Fund V
RICH Fund II
Multiplier Fund
RICH Fund
Pension Opportunities Fund
Pension Maximiser Fund
41.55
21.11
20.09
17.25
17.23
17.04
16.41
15.65
14.95
14.20
10.49
10.41
10.34
9.62
9.62
8.30
7.94
6.56
5.63
5.01
6.75%
4.77%
4.38%
5.47%
4.77%
8.24%
5.00%
4.82%
3.82%
5.13%
7.98%
5.25%
4.77%
5.14%
NA
3.05%
3.93%
2.20%
5.34%
7.69%
4.63%
5.76%
4.13%
4.13%
4.13%
4.63%
4.13%
5.76%
4.07%
4.13%
4.63%
4.13%
4.07%
4.13%
NA
4.07%
4.74%
4.07%
4.07%
4.63%
19.01%
7.16%
8.09%
9.07%
8.32%
18.10%
6.72%
6.78%
7.53%
6.36%
17.65%
8.98%
8.43%
6.98%
15.86%
7.68%
2.63%
6.79%
5.89%
20.12%
16.34%
6.61%
7.89%
7.89%
7.89%
16.09%
5.27%
6.61%
6.50%
3.97%
16.09%
7.89%
6.50%
5.92%
12.14%
6.45%
2.50%
6.45%
4.57%
17.19%
18.20
16.01
14.39
10.37
8.81
7.49
5.07
8.52%
8.16%
8.71%
8.72%
7.96%
9.14%
8.15%
7.08%
7.08%
7.08%
7.08%
7.08%
7.08%
7.08%
7.85%
7.28%
7.63%
7.84%
7.12%
7.41%
7.52%
6.36%
6.18%
5.65%
6.50%
6.12%
5.49%
6.02%
32.50
17.30
11.41
10.89
8.28
7.30
5.78
5.51
2.46%
8.41%
7.02%
3.24%
9.22%
6.15%
3.15%
4.76%
6.89%
6.54%
6.08%
6.54%
6.54%
3.88%
10.27%
11.78%
5.73%
15.00%
10.92%
1.63%
11.41%
7.95%
10.21%
11.45%
9.80%
10.66%
11.79
10.73
7.49
7.39
6.96
9.25%
9.23%
9.26%
8.66%
9.25%
8.71%
8.71%
8.71%
8.71%
8.71%
7.95%
8.19%
8.08%
7.06%
8.36%
6.82%
7.70%
6.83%
6.36%
7.86%
Debt funds
Income Fund
Pension Protector Fund
Group Debt Fund
Pension Income Fund
Protector Fund
Pension Protector Fund II
Invest Shield Cash Fund
Balanced funds
Highest NAV Fund B
Group Balanced Fund
Balancer Fund
Pinnacle Fund
Group Growth Fund
Pension Balancer Fund II
Pinnacle Fund II
Pension Balancer Fund
Liquid funds
Pension Preserver Fund
Money Market Fund
Preserver Fund
Group Short Term Debt Fund
Pension Money Market Fund
59 Schedules
101 Annexures
47
Assets held*
(` billion)
FY2013
1 year return
Market value
Book value
Assets held*
(` billion)
1 year return
Market value
Book value
Policyholders fund
Participating
67.84
5.69%
8.51%
59.45
12.17%
9.48%
Non-participating
79.83
5.00%
8.08%
56.72
11.79%
8.98%
Shareholders fund
55.19
8.36%
7.24%
50.26
11.47%
10.03%
Sr. No.
Name of
Director
Chanda Kochhar
Interested as
Member
Member - National Council
(` 000)
Amount paid
FY2014
FY2013
13,648,488
189,481
408,198
96,840
7,560,360
167,304
406,536
0
38
631
20
1,200
194
25
11,940
18,535
2,198
23,635
Keki Dadiseth
Director
Member, India Advisory Board
K. Ramkumar
Executive Director
Member - Governing Council
13,648,488
96,840
7,560,360
0
N. S. Kannan
13,648,488
189,481
38
96,840
7,560,360
167,304
20
0
Non-Executive Chairman
171
167
Rajiv Sabharwal
13,648,488
7,560,360
118
96,840
590
38
607
0
728
20
13,648,488
7,560,360
V. Sridhar
48
44 Management Report
Director
Chairman
Member - Governing Council
Corporate member
Member
Director
54 Revenue Account
57 Balance Sheet
Sr. No.
Name of
Director
(` 000)
Amount paid
FY2014
FY2013
Interested as
1502
38
27
96,840
20
27
0
Sandeep Bakhshi
Member
Member
Member, Governing Council
Puneet Nanda
Corporate member
590
728
Khar Gymkhana
Corporate member
71
76
Trustee
205,435
211,880
10
Sandeep Batra
iii.
The management has taken proper and sufficient care for the
maintenance of adequate accounting records in accordance with the
applicable provisions of the Insurance Act, 1938 and the Companies
Act, 1956, for safeguarding the assets of the Company and for
preventing and detecting fraud and other irregularities;
iv.
v.
ii.
Chanda Kochhar
Chairperson
V. Sridar
Director
K. Ramkumar
Director
Sandeep Batra
Executive Director
Satyan Jambunathan
Appointed Actuary
Binay Agarwala
Executive Vice
President
Sandeep Bakhshi
Managing Director and CEO
Place : Mumbai
Date : April 22, 2014
59 Schedules
101 Annexures
49
OPINION
In our opinion and to the best of our information and according to the
explanations given to us, the financial statements are prepared in
accordance with the requirements of the Insurance Act, the IRDA Act, the
IRDA Financial Statements Regulations and the Companies Act, 1956 to
the extent applicable and in the manner so required, and give a true and
fair view in conformity with the accounting principles generally accepted in
India, as applicable to Insurance Companies:
AUDITORS RESPONSIBILITY
Our responsibility is to express an opinion on these financial statements
based on our audit. We conducted our audit in accordance with the
Standards on Auditing issued by the Institute of Chartered Accountants of
India. Those Standards require that we comply with ethical requirements
and plan and perform the audit to obtain reasonable assurance about
whether the financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about
the amounts and disclosures in the financial statements. The procedures
selected depend on the auditors judgment, including the assessment of
the risks of material misstatement of the financial statements, whether due
to fraud or error. In making those risk assessments, the auditor considers
internal control relevant to the Companys preparation and fair presentation
of the financial statements in order to design audit procedures that are
appropriate in the circumstances, but not for the purpose of expressing an
opinion on the effectiveness of the Companys internal control. An audit also
includes evaluating the appropriateness of accounting policies used and the
reasonableness of the accounting estimates made by management, as well
as evaluating the overall presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and
appropriate to provide a basis for our audit opinion.
50
44 Management Report
(a)
(b)
in the case of Revenue Account, of the net surplus for the year ended
on that date;
(c)
in the case of Profit and Loss Account, of the profit for the year ended
on that date; and
(d)
OTHER MATTER
The actuarial valuation of liabilities for life policies in force is the responsibility
of the Companys Appointed Actuary (the Appointed Actuary). The
actuarial valuation of these liabilities for life policies in force and for policies
in respect of which premium has been discontinued but liability exists as
at March 31, 2014 has been duly certified by the Appointed Actuary and
in his opinion, the assumptions for such valuation are in accordance with
the guidelines and norms issued by the Insurance Regulatory Development
Authority (IRDA/Authority) and the Institute of Actuaries of India in
concurrence with the Authority. We have relied upon Appointed Actuarys
certificate in this regard for forming our opinion on the valuation of liabilities
for life policies in force and for policies in respect of which premium has been
discontinued but liability exists on financial statements of the Company.
2.
(a)
(b)
In our opinion and to the best of our information and according to the
explanations given to us, proper books of account as required by law
have been maintained by the Company, so far as appears from our
examination of those books;
(c)
54 Revenue Account
57 Balance Sheet
(d)
The Balance Sheet, the Revenue Account, the Profit and Loss
Account and the Receipts and Payments Account referred to in this
report are in agreement with the books of account;
(e)
The Balance sheet, the Revenue Account, the Profit and Loss
Account and the Receipts and Payments Account dealt with by this
report comply with the Accounting Standards notified under the
Companies Act, 1956 and the Rules framed there under read with the
General Circular 15/2013 dated September 13, 2013, of the Ministry
of Corporate Affairs, in respect of Section 133 of the Companies Act,
2013 to the extent they are not inconsistent with the accounting
principles prescribed in the Regulations and orders/directions issued
by IRDA in this regard;
(f)
(h)
Sanjiv V. Pilgaonkar
Partner
Membership No: 39826
Place : Mumbai
Date : April 22, 2014
Place : Mumbai
Date : April 22, 2014
59 Schedules
101 Annexures
51
2.
3.
4.
5.
Sanjiv V. Pilgaonkar
Partner
Membership No: 39826
Place : Mumbai
Date : April 22, 2014
52
44 Management Report
Place : Mumbai
Date : April 22, 2014
54 Revenue Account
57 Balance Sheet
Dear Sirs,
[Ref: Certificate in accordance with the Regulation 13 (D) (7) of the IRDA
(Investment) (5th Amendment) Regulations (the Regulations), 2013]
1.
2.
a)
4.
b)
(a)
The Company had declared March 31, 2014 as a business day for
accepting proposal forms;
(b)
(c)
(d)
The application received on Monday, March 31, 2014 after 3.00 p.m.
have been stamped as such and that the NAV of next financial year
i.e. April 1, 2014 is applied for proposal received after 3.00 p.m.
5.
6.
c)
i)
ii)
The applications received on Monday, March 31, 2014, after 3.00 p.m.
hours have been appropriately stamped; and the NAV of April 1, 2014
is applied for the applications received by the Company after 3.00 p.m.
hours on Monday, March 31, 2014 for the selected samples.
3.
Sanjiv V. Pilgaonkar
Partner
Membership No: 39826
Place : Mumbai
Date : April 22, 2014
58 Receipts & Payments Account
Place : Mumbai
Date : April 22, 2014
59 Schedules
101 Annexures
53
REVENUE ACCOUNT
for the year ended March 31, 2014
FORM A-RA
ICICI Prudential Life Insurance Company Limited
Regn.No. 105 dated 24.11.2000
Linked
Group
Health
Linked Life
1,585,685
(26)
1,585,659
24,433,749
(749,489)
23,684,260
2,281,257
2,281,257
189,443
(42,382)
147,061
62,692,450
(330,026)
62,362,424
13,997,513
(110)
13,997,403
1,991,223
(335,179)
1,656,044
4,931,045
(675)
4,930,370
124,286,495
(1,459,968)
122,826,527
3,227,242
333,354
(322,489)
32,660
3,270,767
1,469,132
167,151
(47,622)
123,045
1,711,706
2,910,319
239,568
(71,737)
(10,488)
3,067,662
1,296,386
66,719
(50,739)
4,922
1,317,288
49,112
12,489
7,102
68,703
11,232,350
23,274,962
(8,230,536)
18,410,853
1,324,059
46,011,688
7,518,089
17,023,566
(4,990,958)
9,706,779
990,333
30,247,809
144,297
152,956
(119,390)
418,898
11,448
608,209
3,846,247
1,930,782
(1,214,805)
589,856
711,525
5,863,605
31,693,174
43,201,547
(15,048,276)
29,126,386
3,194,606
92,167,437
27,611
11,620
39,231
15,492,047
1,520,049
3,457,729
1,144
3,238
650
37,805
38,455
3,335,820
3,376
29,990
(45)
20
346,958
27,263
23,934
398,155
27,150,077
2,131,500
3,336,802
14,294
3,400
599,565
192
599,757
4,198,302
1,266
39,695
(131)
138
183
150
333
216,097
6,004
31,281
(1,398)
1,253
671
33,766
34,437
108,408,549
2,424,515
7,548,935
(24,593)
32,577
6,110
6,110
44,251,322
137,874
1,269,831
(40,113)
40,380
1,696
1,696
2,265,949
50,199
281,630
(360)
838
820
820
10,794,795
67
172,712
-
946,523
56,378
116,093
1,118,994
216,112,958
6,274,850
16,168,605
(51,202)
81,844
58,634
5,820
20,537
84,991
5,040,794
2,892,201
85,775
39,161
4,449,258
7,995
5,506,533
1,134,462
-
40,968
1,015,106
-
37,140
34,185
-
1,728,767
11,710,201
50,731,467
-
1,105,769
2,513,741
52,103,528
-
135,237
467,544
273,604
-
96,341
269,120
8,105,814
-
3,066,114
25,625,202
120,739,625
93,770
6,048,533
9,026,509
1,424,744
(1,685,979)
2,771,274
525,385
21,029,070
(1,470,917)
20,692,615
950,929
3,142,228
4,157,334
-
(190,995)
(156,810)
335,767
1,213,978
36,020,218
6,977,091
94,942,754
1,755,594
(264,227)
(17,545,525)
1,761
34,295,537
7,442,044
38,570
1,186,288
1,498,462
299,943
(11,389)
2,128,639
10,223,064
302,611
29,319,789
(1,470,917)
21,789,620
6,978,852
177,450,739
13,037,017
(384,181)
(53,186)
(437,367)
1,040,563
525,385
950,929
335,767
1,702,408
7,442,044
299,943
302,611
12,599,650
188,637
851,926
1,040,563
115,355
410,030
525,385
950,929
950,929
335,767
335,767
2,573,560
(871,152)
1,702,408
8,813,558
(1,371,514)
7,442,044
312,315
(12,372)
299,943
302,611
302,611
12,641,803
(42,153)
12,599,650
85,775
1,611,957
1,424,744
3,122,476
7,995
1,030,202
525,385
1,563,582
950,929
950,929
335,767
335,767
1,755,594
1,755,594
7,442,044
7,442,044
299,943
299,943
302,611
302,611
93,770
2,642,159
13,037,017
15,772,946
905,677
851,926
1,757,603
855,323
410,030
1,265,353
950,929
950,929
1,263,748
(871,152)
392,596
1,988,575
(1,371,514)
617,061
69,221
(12,372)
56,849
5,082,544
(42,153)
5,040,391
12,184,130
(2,081)
12,182,049
Linked
Health
Annuity
Non Par
Par Life
2
3
Linked
Pension
Non Par
Schedule
Par Pension
Total
16
The schedules and accompanying notes referred to herein form an integral part of the Revenue Account.
As required by Section 40-B(4) of the Insurance Act, 1938 we certify that all expenses of Management in respect of life insurance business in India incurred by the Company have been fully debited to the Revenue Account as expenses.
Sanjiv V. Pilgaonkar
Partner
Membership No. 39826
Chanda Kochhar
Chairperson
V. Sridar
Director
K. Ramkumar
Director
Sandeep Bakhshi
Managing Director and CEO
Sandeep Batra
Executive Director
Satyan Jambunathan
Appointed Actuary
Binay Agarwala
Executive Vice President
Sanaulla Khan
Company Secretary
Place : Mumbai
Date : April 22, 2014
54
44 Management Report
54 Revenue Account
57 Balance Sheet
REVENUE ACCOUNT
for the year ended March 31, 2013
FORM A-RA
ICICI Prudential Life Insurance Company Limited
Regn.No. 105 dated 24.11.2000
Particulars
Schedule
2
3
Par Life
Par
Pension
Non Par
Annuity
Non Par
Health
Linked Life
Linked
Pension
Linked
Health
Linked
Group
Total
7,809,797
(5,197)
7,804,600
3,100,891
(33)
3,100,858
25,092,400
(645,121)
24,447,279
2,540,797
2,540,797
216,982
(45,228)
171,754
55,175,774
(203,628)
54,972,146
27,327,274
(149)
27,327,125
2,115,208
(309,749)
1,805,459
12,003,257
(903)
12,002,354
135,382,380
(1,210,008)
134,172,372
2,784,259
309,406
(50,953)
68,941
3,111,653
1,451,290
257,173
(24,474)
175,985
1,859,974
1,403,921
294,643
(21,854)
50,907
1,727,617
1,054,784
65,628
(2,873)
21,714
1,139,253
17,115
5,367
(181)
440
22,741
9,946,347
19,466,486
(8,739,042)
4,504,296
1,086,350
26,264,437
7,735,540
13,075,347
(7,200,772)
7,163,496
955,362
21,728,973
110,524
98,897
(76,494)
134,919
17,912
285,758
3,488,534
1,729,968
(430,867)
177,332
797,750
5,762,717
27,992,314
35,302,915
(16,547,510)
11,980,043
3,175,361
61,903,123
21,768
17,791
39,559
10,955,812
685,178
1,548,587
10,382
1,388
602
281
883
4,961,715
6,162
34,005
139
15
4,751,303
12,523
69,543
4,833,369
31,008,265
4,519,058
7,166,175
22,838
3,836
118,027
1,095
119,122
3,799,172
1,233
97,403
176
20
543,128
267
603
543,998
738,493
8,956
53,363
39
40
1,765
97,694
99,459
81,336,042
2,000,362
6,142,480
11,272
9,676
8,436
8,436
49,064,534
344,979
1,457,947
7,620
1,427
5,546
5,546
2,096,763
88,219
458,964
1,123
305
2,786
2,786
17,767,857
21
172,150
-
5,412,458
36,925
203,775
5,653,158
201,728,653
7,654,168
17,131,074
53,589
16,707
58,461
12,077
28,205
98,743
2,303,996
4,089,712
47,369
52,398
4,715,274
1,323
11,740,112
823,637
-
98,832
822,403
-
62,398
56,150
-
1,672,587
9,836,377
60,155,842
-
1,288,221
3,100,194
51,039,166
-
130,834
679,445
234,595
-
89,493
261,664
10,941,804
-
3,181,135
28,135,416
132,878,583
48,692
3,928,606
8,065,687
586,129
(315,163)
4,401,434
507,883
20,612,547
(1,425,291)
20,010,893
(742,740)
2,896,387
3,718,790
(18,450)
704,849
760,999
(84,904)
507,475
2,266,932
3,636,635
66,566,884
4,932,781
3,818
(14,222,417)
36,820,567
9,143,773
(7,388)
1,024,836
1,252,043
165,275
(9,838)
6,328,753
17,260,719
245,474
28,321,293
(1,425,291)
(4,601,896)
3,636,635
158,858,016
14,735,221
(234,428)
742,740
18,450
84,904
(794,594)
(22,344)
(33,186)
(238,458)
351,701
507,883
4,138,187
9,143,773
142,931
212,288
14,496,763
127,548
224,153
351,701
126,938
380,945
507,883
5,913,266
(1,775,079)
4,138,187
10,552,638
(1,408,865)
9,143,773
73,710
69,221
142,931
212,288
212,288
17,006,388
(2,509,625)
14,496,763
47,369
1,100,566
586,129
1,734,064
1,323
1,141,120
507,883
1,650,326
4,932,781
4,932,781
9,143,773
9,143,773
165,275
165,275
245,474
245,474
48,692
2,241,686
15,581,315
17,871,693
681,524
224,153
905,677
474,378
380,945
855,323
3,038,827
(1,775,079)
1,263,748
3,397,440
(1,408,865)
1,988,575
69,221
69,221
7,592,169
(2,509,625)
5,082,544
16
The Schedules and accompanying notes referred to herein form an integral part of the Policyholders Revenue Account.
As required by Section 40-B(4) of the Insurance Act, 1938 we certify that all expenses of Management in respect of life insurance business in India incurred by the Company have been fully debited to the Policyholders Revenue
Account as expenses.
Sanjiv V. Pilgaonkar
Partner
Membership No. 39826
Chanda Kochhar
Chairperson
V. Sridar
Director
K. Ramkumar
Director
Sandeep Bakhshi
Managing Director and CEO
Sandeep Batra
Executive Director
Satyan Jambunathan
Appointed Actuary
Binay Agarwala
Executive Vice President
Sanaulla Khan
Company Secretary
Place : Mumbai
Date : April 22, 2014
59 Schedules
101 Annexures
55
Schedule
3,592,152
1,432,038
(1,318,724)
169,417
99,067
16,615,753
114,134
-
3,003,955
1,061,218
(162,617)
253,310
4,764
21,167,018
58,462
-
263,006
946,523
1,323,663
15,292,090
5,412,458
5,470,920
15,696,098
374,465
15,666,555
(736,706)
14,959,392
(11,643,468)
7,931,517
3,001,437
1,858,055
1,566,656
(10,334,578)
(19,466,995)
3,429,335
1,413,959
796,632
1,495,939
(11,643,468)
10.96
10.94
10.00
10.47
10.44
10.00
3A
16
The Schedules and accompanying notes referred to herein form an integral part of the Profit and Loss Account.
Sanjiv V. Pilgaonkar
Partner
Membership No. 39826
Chanda Kochhar
Chairperson
V. Sridar
Director
K. Ramkumar
Director
Sandeep Bakhshi
Managing Director and CEO
Sandeep Batra
Executive Director
Satyan Jambunathan
Appointed Actuary
Binay Agarwala
Executive Vice President
Sanaulla Khan
Company Secretary
Place : Mumbai
Date : April 22, 2014
56
44 Management Report
54 Revenue Account
57 Balance Sheet
BALANCE SHEET
at March 31, 2014
FORM A-BS
ICICI Prudential Life Insurance Company Limited
Regn.No. 105 dated 24.11.2000
Particulars
Sources of funds
Shareholders funds :
Share capital
Share application money
Reserve and surplus
Credit/[debit] fair value change account
Sub-total
Borrowings
Policyholders funds :
Credit/[debit] fair value change account
Revaluation reserve - Investment property- Refer note 3.13 of schedule 16
Policy liabilities (A)+(B)+(C)
Non unit liabilities (mathematical reserves) (A)
Provision for linked liabilities (fund reserves) (B)
(a) Provision for linked liabilities
(b) Credit/[debit] fair value change account (Linked)
Funds for discontinued policies (C) - Refer note 3.37 of schedule 16
(a) Discontinued on account of non-payment of premium
(b) Other discontinuance
(c) Credit/[debit] fair value change account
Total linked liabilities (B)+(C)
Sub-total
Funds for Future Appropriations
- Linked - Refer note 3.32 of schedule 16
- Non linked
Sub-total
Total
Application of funds
Investments
- Shareholders
- Policyholders
Asset held to cover linked liabilities
Loans
Fixed assets - net block
Deferred tax asset - Refer note 3.19 of schedule 16
Current assets
- Cash and bank balances
- Advances and other assets
Sub-total (A)
Current liabilities
Provisions
Sub-total (B)
Net current assets (C) = (A-B)
Miscellaneous expenditure (to the extent not written-off or adjusted)
Debit balance in Profit & Loss Account (Shareholders account) - Refer note 3.40 of schedule 16
Total
Contingent liabilities - Refer note 3.1 of schedule 16
Significant accounting policies & notes
(` 000)
At March 31, 2013
14,292,557
984
33,663,847
1,860,657
49,818,045
-
14,289,392
33,645,103
477,588
48,412,083
-
4,794,024
668,879
740,779,201
138,124,872
591,373,652
523,002,342
68,371,310
11,280,677
11,285,434
(4,757)
602,654,329
746,242,104
2,478,035
704,479
684,161,856
110,276,000
569,584,031
530,343,030
39,241,001
4,301,825
4,302,659
(834)
573,885,856
687,344,370
449,992
4,590,399
5,040,391
801,100,540
1,322,418
3,760,126
5,082,544
740,838,997
8
8A
8B
9
10
53,527,703
144,567,076
603,104,321
119,076
2,015,439
15,295
49,199,607
112,869,878
575,208,274
87,469
1,722,384
78,197
11
12
1,934,384
9,642,058
11,576,442
16,066,435
3,646,186
19,712,621
(8,136,179)
5,887,809
801,100,540
1,987,821
3,247,600
9,846,435
13,094,035
18,431,052
1,753,150
20,184,202
(7,090,167)
8,763,355
740,838,997
1,785,214
Schedule
5
6
7
13
14
15
16
The Schedules and accompanying notes referred to herein form an integral part of the Balance Sheet.
Sanjiv V. Pilgaonkar
Partner
Membership No. 39826
Chanda Kochhar
Chairperson
V. Sridar
Director
K. Ramkumar
Director
Sandeep Bakhshi
Managing Director and CEO
Sandeep Batra
Executive Director
Satyan Jambunathan
Appointed Actuary
Binay Agarwala
Executive Vice President
Sanaulla Khan
Company Secretary
Place : Mumbai
Date : April 22, 2014
59 Schedules
101 Annexures
57
(` 000)
Sr
Particulars
No.
A Cash flows from operating activities
Cash receipts from customers:
Premium and other receipts
Cash paid towards operating activities:
Commission paid
Policy benefits paid
Other expenses
Reinsurance premium ceded (net of recovery amount)
Advances and deposits
Taxes paid
Net cash from operating activities (A)
B Cash flows from investing activities
Purchase of fixed assets
Sale of fixed assets
Purchase of investments
Loan
Sale of investments
Advance paid towards investment property
Interest & rent received (net of tax deducted at source)
Dividend received
Investments in money market instruments and in liquid mutual funds (net)
Expense related to investment
Net cash from investing activities (B)
C Cash flows from financing activities
Proceeds from issuance of share capital
Share premium on capital issued
Final dividend
Interim dividend paid
Dividend distribution tax paid
Net cash used in financing activities (C)
D Effect of foreign exchange rates on cash and cash equivalents (net) (D)
E Net increase In cash and cash equivalents (A+B+C+D)
F Cash and cash equivalents at beginning of the year
G Cash and cash equivalents at end of the year
Note:
Cash and cash equivalents at the end of the year
- Cash (Including cheques in hand and stamps in hand)
- Bank balances and Money at call and short notice
[Including bank balance for linked business of
` 1,017,337 thousands (` 85,794 thousands at March 31, 2013)]
- Other short term liquid investment.
[Forming part of investments in financials]
Total
FY2014
FY2013
146,536,074
(6,388,108)
(120,826,433)
(42,212,848)
(704,627)
(3,036)
(83,203)
(786,859)
35,455
160,089,949
(7,223,531)
(133,363,388)
(45,276,629)
(456,054)
59,178
(350,001)
(170,218,255)
(23,682,181)
(345,788)
20,298
(751,404)
(956,390,141)
(31,607)
986,816,467
(36,374)
28,637,016
6,294,042
(4,381,580)
(14,150)
60,142,269
(186,610,425)
(26,520,476)
(325,490)
(985,223,411)
8,271
962,797,957
22,544,432
6,239,115
9,722,257
(11,931)
15,751,200
4,149
18,744
(1,414,650)
(7,931,517)
(1,588,381)
(10,911,655)
490
25,548,923
16,031,274
41,580,197
901
5,588
(1,000,194)
(3,429,335)
(718,581)
(5,141,621)
169
(15,910,728)
31,942,002
16,031,274
1,515,512
1,436,209
1,689,481
1,643,913
38,628,476
41,580,197
12,697,880
16,031,274
Sanjiv V. Pilgaonkar
Partner
Membership No. 39826
Chanda Kochhar
Chairperson
V. Sridar
Director
K. Ramkumar
Director
Sandeep Bakhshi
Managing Director and CEO
Sandeep Batra
Executive Director
Satyan Jambunathan
Appointed Actuary
Binay Agarwala
Executive Vice President
Sanaulla Khan
Company Secretary
Place : Mumbai
Date : April 22, 2014
58
44 Management Report
54 Revenue Account
57 Balance Sheet
SCHEDULES
forming part of financial statements
SCHEDULE - 1
Premium (net of service tax)
For the year ended March 31, 2014
(` 000)
Particulars
First year premiums
Renewal premiums
Single premiums
Total premium
Premium income from
business written:
In India
Outside India
Total premium
Par Life
Par
Pension
Annuity
Non Par
Non Par
Health
Linked Life
Linked
Pension
516,552
13,212,047
268,914
13,997,513
Linked
Health
186,881
1,804,342
1,991,223
Linked
Group
509,043
4,342,683
79,319
4,931,045
32,851,746
86,690,573
4,744,176
124,286,495
1,991,223
1,991,223
4,931,045
4,931,045
124,286,495
124,286,495
6,034,010
6,150,120
12,184,130
6
4,808,718
1,585,679 18,437,975
1,187,056
1,585,685 24,433,749
2,281,257
2,281,257
4,513 20,792,023
184,930 40,972,797
927,630
189,443 62,692,450
12,184,130
12,184,130
1,585,685 24,433,749
1,585,685 24,433,749
2,281,257
2,281,257
Total
2,090,030
5,719,767
7,809,797
Par
Non Par
Pension
921,615 13,260,687
2,179,276
8,915,020
2,916,693
3,100,891 25,092,400
7,809,797
7,809,797
3,100,891 25,092,400
3,100,891 25,092,400
Par Life
Annuity
Non Par
2,540,797
2,540,797
11,208 17,238,295
205,774 37,342,024
595,455
216,982 55,175,774
Linked
Pension
270,042
26,865,294
191,938
27,327,274
Linked
Linked
Health
Group
451,853
7,597,539
1,663,355
4,405,718
2,115,208 12,003,257
41,841,269
87,296,228
6,244,883
135,382,380
2,540,797
2,540,797
2,115,208 12,003,257
2,115,208 12,003,257
135,382,380
135,382,380
Health
Linked Life
Total
Note: Refer schedule 16 note 2.3.1 for accounting policy on premium recognition.
59 Schedules
101 Annexures
59
SCHEDULE - 2
Commission expenses
For the year ended March 31, 2014
(` 000)
Particulars
Commission
Direct First year premiums
Renewal premiums
Single premiums
Total
Add: Commission on
re-insurance accepted
Less: Commission on
re-insurance ceded
Net commission
Break-up of the
commission by distribution
network
Individual agents
Corporate agents
Brokers
Total commission
Par Life
Par Pension
Annuity
Non Par
Non Par
Health
Linked Life
Linked
Pension
Linked
Health
Linked
Group
Total
1,297,549
222,500
1,520,049
-
3,376
3,376
-
1,441,015
686,875
3,610
2,131,500
-
1,266
1,266
-
1,210
4,794
6,004
-
1,912,818
501,356
10,341
2,424,515
-
17,828
119,300
746
137,874
-
26,755
23,444
50,199
-
6
61
67
-
4,697,181
1,561,645
16,024
6,274,850
-
1,520,049
3,376
2,131,500
1,266
6,004
2,424,515
137,874
50,199
67
6,274,850
741,134
626,854
152,061
1,520,049
2,836
526
14
3,376
590,416
1,221,035
320,049
2,131,500
897
350
19
1,266
4,301
1,450
253
6,004
443,108
1,950,262
31,145
2,424,515
63,925
54,421
19,528
137,874
45,140
2,346
2,713
50,199
6
61
67
1,891,763
3,857,244
525,843
6,274,850
Par Life
Par Pension
Annuity
Non Par
Non Par
Health
Linked Life
Linked
Pension
Linked
Health
Linked
Group
490,077
195,101
685,178
-
66
6,096
6,162
-
4,186,566
329,198
3,294
4,519,058
-
1,233
1,233
-
2,741
6,215
8,956
-
1,546,120
449,344
4,898
2,000,362
-
17,258
327,186
535
344,979
-
61,783
26,436
88,219
-
21
21
-
6,304,632
1,339,576
9,960
7,654,168
-
685,178
6,162
4,519,058
1,233
8,956
2,000,362
344,979
88,219
21
7,654,168
510,414
128,125
46,639
685,178
4,808
1,337
17
6,162
1,419,693
2,399,499
699,866
4,519,058
500
694
39
1,233
6,642
1,933
381
8,956
577,541
1,374,903
47,918
2,000,362
172,973
131,793
40,213
344,979
77,576
5,559
5,084
88,219
21
21
2,770,168
4,043,843
840,157
7,654,168
Note : Refer schedule 16 note 2.4 for accounting policy on acquisition cost
60
44 Management Report
Total
54 Revenue Account
57 Balance Sheet
SCHEDULE - 3
Operating expenses related to insurance business
For the year ended March 31, 2014
(` 000)
Particulars
Par Life
1,573,671
51,735
236,068
144,621
40,013
9,418
126,011
154,620
3,247
19,815
244
3
800
846
157
2,163
1,519
-
1,628,252
59,868
139,147
162,909
31,127
12,002
116,230
110,403
8,843
Annuity
Non Par
12,301
638
1,095
2,450
212
234
1,448
2,709
89
2,920
43
2,388
36
183,745
13,440
30
461
433,689
132,472
113,083
58,576
34,065
53,868
89,064
3,367
3,457,729
2
725
356
727
244
478
1,377
29,990
Par Pension
16,653
1,039
245
1,371
603
273
3,930
2,097
103
3,023,471
178,810
182,587
438,006
156,603
16,477
257,721
210,723
5,812
Linked
Pension
611,013
28,961
18,426
69,810
47,908
7,838
85,518
64,064
45
57
50
4,657
1,473
283
11,871
38
231,473
28,381
1,374
2,587
2
377
251
93
541,513
71,694
50
95,348
21,350
6
7,427
1,521
1,013
7,986
225
1,062,300
147,671
325,210
56,736
69,980
63,030
32,967
159,863
83,030
14,925
3,336,802
5,169
197
2,535
1,033
492
3,434
1,460
181
39,695
192
202
1,519
676
1,142
344
707
(495)
31,281
1,446,103
162,812
144,433
162,971
65,247
186,230
260,165
32,807
7,548,935
50,664
13,221
26,839
31,840
25,221
57,610
23,402
(10,770)
1,269,831
10,962
2,307
5,683
4,193
3,743
4,907
4,593
13,921
281,630
396
(129)
3,173
2,876
4,484
5,314
45
172,712
2,271,989
368,345
364,668
325,848
166,480
470,984
468,213
55,358
16,168,605
Linked
Health
256,033
7,608
23,122
33,998
9,867
2,515
18,399
9,566
3,391
Linked
Group
64,103
12,719
3,407
10,562
3,296
34,867
1,353
3,771
96
7,691,369
375,435
1,650,402
963,815
308,653
136,244
672,908
391,360
34,907
Non Par
Health
Linked Life
Linked
Health
165,230
4,511
12,656
10,284
3,934
1,025
13,275
9,994
1,175
Linked
Group
76,304
13,980
1,823
9,612
3,216
32,940
1,561
7,881
237
7,126,710
339,786
592,050
839,863
284,462
80,364
607,857
564,010
19,551
Total
786,591
21,397
126,659
81,841
27,855
11,730
83,753
56,571
2,744
Par
Pension
22,541
301
470
1,237
478
450
2,690
838
-
3,415,306
130,017
923,478
324,271
97,156
18,330
160,827
152,586
20,184
Annuity
Non Par
7,439
271
352
1,188
399
79
470
588
142
1,495
21
3,926
34
60,404
6,506
712
506
52,667
38,652
44,438
29,988
27,994
15,893
34,190
37,185
1,548,587
152
911
529
844
340
393
592
34,005
Par Life
59 Schedules
26,281
704
1,300
3,170
1,052
878
6,249
2,077
327
2,431,814
167,881
485,566
413,582
131,237
39,807
274,148
123,194
7,859
Linked
Pension
681,261
34,537
86,048
93,966
37,313
27,588
125,019
42,169
164
24
59
3,772
933
339
10,569
78
517,741
21,824
1
363
2,836
1
1,049
176
82
578,348
55,612
20
132,620
30,127
9
13,345
2,132
661
16,263
225
1,305,243
135,982
388,431
335,363
98,336
103,800
54,793
143,595
154,081
102,052
7,166,175
550
62
657
415
212
67,760
507
13,088
97,403
263
690
2,348
1,230
2,020
1,143
1,141
1,205
53,363
529,012
139,698
123,778
129,571
89,777
132,241
179,850
105,651
6,142,480
16,012
29,293
41,144
40,873
38,900
(38,429)
20,822
17,567
1,457,947
12,775
3,915
10,036
10,344
5,585
6,454
13,900
15,631
458,964
5
2,891
692
11,930
4,729
805
172,150
999,710
547,830
321,648
319,641
220,817
340,927
409,613
293,776
17,131,074
Non Par
Health
Linked Life
101 Annexures
Total
61
SCHEDULE - 3A
Expenses other than those directly related to the insurance business
For the year ended March 31, 2014
Particulars
Employees remuneration and welfare benefits
Travel, conveyance and vehicle running expenses
Rent, rates and taxes
Printing and stationery
Communication expenses
Legal and professional charges
Interest and bank charges
Others
Depreciation
Total
(` 000)
March 31, 2013
35,390
26
385
49
3
1,619
20,811
179
58,462
SCHEDULE - 4
Benefits paid [net]
For the year ended March 31, 2014
(` 000)
Particulars
Par Life
Par Pension
Annuity
Non Par
Non Par
Health
Linked Life
Linked
Pension
Linked
Health
Linked
Group
Total
Insurance claims
(a)
Claims by death
212,368
15,060
1,124,238
62,738
1,378,555
778,803
4,685
84,094
3,660,541
(b)
Claims by maturity
525,074
134,486
8,197
330,513
1,036,026
2,034,296
(c)
Annuities/pension payment
952,368
952,368
(d)
Other benefits
- Surrender/withdrawal
- Survival
- Rider
- Health
Sub-total (A)
967,032
4,298,117
329,948
49,162,625
50,285,398
8,022,713
113,065,833
1,166,136
1,166,136
21,591
1,595
24,555
42,164
3,301
93,206
9,305
67,946
523,728
600,979
2,892,201
4,449,258
1,496,243
1,015,106
67,946
50,913,857
52,103,528
528,413
8,106,807
121,573,359
(a)
Claims by death
(359,706)
(182,390)
(993)
(543,089)
(b)
Claims by maturity
(c)
Annuities/pension payment
(d)
Other benefits
- Surrender/withdrawal
- Survival
- Rider
- Health
(2,075)
(33,761)
(254,809)
(290,645)
Sub-total (B)
(361,781)
(33,761)
(182,390)
(254,809)
(993)
(833,734)
Amount accepted in
reinsurance
(a)
Claims by death
(b)
Claims by maturity
(c)
Annuities/pension payment
(d)
Other benefits
Sub-total (C)
2,892,201
4,449,258
1,134,462
1,015,106
34,185
50,731,467
52,103,528
273,604
8,105,814
120,739,625
2,892,201
4,449,258
1,496,243
1,015,106
67,946
50,913,857
52,103,528
528,413
8,106,807
121,573,359
2,892,201
4,449,258
1,496,243
1,015,106
67,946
50,913,857
52,103,528
528,413
8,106,807
121,573,359
62
44 Management Report
54 Revenue Account
57 Balance Sheet
SCHEDULE - 4
Benefits paid [net]
For the year ended March 31, 2013
(` 000)
Particulars
1
Par
Pension
Par Life
Annuity
Non Par
Non Par
Health
Linked Life
Linked
Pension
Linked
Health
Linked
Group
Total
Insurance claims
(a)
Claims by death
135,918
12,505
845,881
22,900
1,182,900
925,603
3,486
68,320
3,197,513
(b)
Claims by maturity
331,037
165,804
207,732
141,778
592,705
1,439,056
799,503
799,503
2,951,446
4,536,452
195,258
58,852,631
49,517,084
10,873,611
126,926,482
651,650
651,650
19,661
513
11,764
55,862
3,774
91,574
16,490
104,411
447,470
568,371
4,089,712
4,715,274
1,277,125
822,403
104,411
60,233,171
51,039,166
450,956
10,941,931
133,674,149
(c)
Annuities/pension payment
(d)
Other benefits
- Surrender/withdrawal
- Survival
- Rider
- Health
Sub-total (A)
(a)
Claims by death
(450,788)
(77,329)
(127)
(528,244)
(b)
Claims by maturity
(c)
Annuities/pension payment
(d)
Other benefits
- Surrender/withdrawal
- Survival
- Rider
- Health
(2,700)
(48,261)
(216,361)
(267,322)
Sub-total (B)
(453,488)
(48,261)
(77,329)
(216,361)
(127)
(795,566)
(a)
Claims by death
(b)
Claims by maturity
(c)
Annuities/pension payment
(d)
Other benefits
Sub-total (C)
4,089,712
4,715,274
823,637
822,403
56,150
60,155,842
51,039,166
234,595
10,941,804
132,878,583
4,089,712
4,715,274
1,277,125
822,403
104,411
60,233,171
51,039,166
450,956
10,941,931
133,674,149
4,089,712
4,715,274
1,277,125
822,403
104,411
60,233,171
51,039,166
450,956
10,941,931
133,674,149
Note: Refer schedule 16 note 2.8 for accounting policy on benefits paid.
59 Schedules
101 Annexures
63
SCHEDULE - 5
Share capital
Particulars
Authorised capital
1,500,000,000 Equity shares of ` 10/- each
Issued, subscribed and called-up capital
1,429,255,687 Equity shares of ` 10/- each fully paid up (Previous year: March 31, 2013 1,428,939,249 Equity share)
Total
(` 000)
March 31, 2013
15,000,000
15,000,000
14,292,557
14,292,557
14,289,392
14,289,392
Out of the total share capital, 1,055,310,907 shares (Previous year: March 31, 2013 - 1,055,310,907) of ` 10 each are held by the holding company, ICICI Bank Limited.
SCHEDULE - 5A
Pattern of shareholding
[As certified by the Management]
March 31, 2014
Number of shares
% of holding
Shareholder
Promoters
Indian (ICICI Bank Limited)
Foreign (Prudential Corporation Holdings Limited)
Others
Total
1,055,310,907
370,784,884
3,159,896
1,429,255,687
73.84
25.94
0.22
100.00
73.85
25.95
0.20
100.00
SCHEDULE - 6
Reserves and surplus
Particulars
Capital reserves
Capital redemption reserve
Share premium
Revaluation reserve
General reserve
Opening balance
Add: Appropriations from Profit and Loss - Refer note 3.39 of schedule 16
Closing balance
Less: Debit balance in Profit and Loss Account - Refer note 3.40 of schedule 16
Less: Amount utilized for buy-back
Catastrophe reserve
Other reserves
Balance of profit in Profit and Loss Account
Total
(` 000)
March 31, 2013
33,645,103
-
2,880,113
1,566,656
4,446,769
(4,446,769)
33,663,847
1,384,174
1,495,939
2,880,113
(2,880,113)
33,645,103
(` 000)
March 31, 2013
-
SCHEDULE - 7
Borrowings
Particulars
Debentures/bonds
Banks
Financial institutions
Others
Total
64
44 Management Report
54 Revenue Account
57 Balance Sheet
SCHEDULE - 8
Investments - Shareholders
Particulars
Long term investment
Government securities1
(Market value at March 31, 2014: ` 12,136,145 thousands)
(Market value at March 31, 2013: ` 13,265,604 thousands)
Other approved securities
(Market value at March 31, 2014: ` 1,721,809 thousands)
(Market value at March 31, 2013: ` 2,210,664 thousands)
Other approved investments
Equity shares
(Historical value at March 31, 2014: ` 5,998,770 thousands)
(Historical value at March 31, 2013: ` 6,230,713 thousands)
Debentures/bonds
(Market value at March 31, 2014: ` 4,343,012 thousands)
(Market value at March 31, 2013: ` 4,409,885 thousands)
Investments in subsidiary4
CCIL deposit
(Market value at March 31, 2014: ` 70,029 thousands)
(Market value at March 31, 2013: ` 60,029 thousands)
Fixed deposits
(Market value at March 31, 2014: ` 1,140,200 thousands)
(Market value at March 31, 2013: ` 3,011,200 thousands)
Investments in infrastructure/housing sector
Debentures/bonds
(Market value at March 31, 2014: ` 7,751,837 thousands)
(Market value at March 31, 2013: ` 8,730,357 thousands)
Equity shares
(Historical value at March 31, 2014: ` 328,048 thousands)
(Historical value at March 31, 2013: ` 450,153 thousands)
Other investments
Debentures/bonds
(Market value at March 31, 2014: ` 1,051,563 thousands)
(Market value at March 31, 2013: ` 655,606 thousands)
Equity shares
(Historical value at March 31, 2014: ` 647,057 thousands)
(Historical value at March 31, 2013: ` 553,372 thousands)
Short term investment
Government securities
(Market value at March 31, 2014: ` 1,844,444 thousands)
(Market value at March 31, 2013: ` 575,216 thousands)
Other approved securities
(Market value at March 31, 2014: ` 544 thousands)
(Market value at March 31, 2013: ` Nil)
Other approved investments
Debentures/bonds
(Market value at March 31, 2014: ` 447,464 thousands)
(Market value at March 31, 2013: ` 471,179 thousands)
Fixed deposits2
(Market value at March 31, 2014: ` 4,961,979 thousands)
(Market value at March 31, 2013: ` 3,504,190 thousands)
Certificate of deposits
(Market value at March 31, 2014: ` 4,863,509 thousands)
(Market value at March 31, 2013: ` 3,783,226 thousands)
58 Receipts & Payments Account
59 Schedules
101 Annexures
(` 000)
March 31, 2013
12,502,889
13,213,021
1,703,767
2,205,313
7,840,062
6,699,157
4,351,641
4,327,397
270,000
70,029
270,000
60,029
1,140,200
3,011,200
7,905,914
8,619,914
306,464
444,332
1,000,000
612,153
687,195
568,336
1,844,616
575,212
545
450,064
470,273
4,961,979
3,504,189
4,863,509
3,783,226
65
Particulars
(` 000)
March 31, 2013
Commercial papers
(Market value at March 31, 2014: ` 1,197,393 thousands)
(Market value at March 31, 2013: ` Nil)
Collateralized borrowing and lending obligation
(Market value at March 31, 2014: ` 80,238 thousands)
(Market value at March 31, 2013: ` Nil)
Mutual fund
(Historical value at March 31, 2014: ` Nil)
(Historical value at March 31, 2013: ` 300 thousands)
Investments in infrastructure/housing sector
Debentures/bonds
(Market value at March 31, 2014: ` 839,263 thousands)
(Market value at March 31, 2013: ` 836,546 thousands)
Other investments
Debentures/bonds
(Market value at March 31, 2014: ` 14,174 thousands)
(Market value at March 31, 2013: ` Nil)
Mutual fund
(Historical value at March 31, 2014: ` 1,495,956 thousands)
(Historical value at March 31, 2013: ` Nil)
Total
In India
Total
1,197,393
80,238
300
840,295
835,555
14,137
1,496,766
53,527,703
53,527,703
53,527,703
49,199,607
49,199,607
49,199,607
1.
Includes ` 102,361 thousand (Market value: ` 102,189 thousand) of securities under Section 7 of Insurance Act, 1938 at March 31, 2014. [At March 31, 2013: ` 104,595 thousand (Market
value: ` 104,331 thousand)] - Refer note 3.5 of schedule 16
2.
Includes fixed deposit of ` 1,050,200 thousand at March 31, 2014 (March 31, 2013: ` 1,050,100 thousand) and ` 300,100 thousand at March 31, 2014 (March 31, 2013: ` 100,000 thousand)
deposited with National Securities Clearing Corporation Limited and Indian Clearing Corporation Limited respectively towards margin requirement for equity trade settlement - Refer note 3.3 of
schedule 16
3.
Particulars
Aggregate amount of Companys investments other than equity securities, mutual fund and derivative instruments
42,927,216
41,217,482
42,463,603
41,513,702
8,739,831
7,504,538
Aggregate amount of Companys investments in mutual fund, equity and investments in subsidiary (at Historical cost)
4.
Investments in subsidiary at cost is ` 270,000 thousands at March 31, 2014 (March 31, 2013: ` 270,000 thousand). For investments in holding company and other related entities refer note
3.22 of schedule 16.
5.
Investments made out of Catastrophe reserve is ` Nil (at March 31, 2014 and March 31, 2013)
6.
Debt securities are held to maturity and reduction in market values represent market conditions and not a permanent diminution in value of investments, if any.
Note: Refer schedule 16 note 2.11 for accounting policy related to investments.
66
44 Management Report
54 Revenue Account
57 Balance Sheet
SCHEDULE - 8A
Investments - Policyholders
(` 000)
March 31, 2014
Particulars
Par
Pension
Par Life
Non Par
Annuity
Non Par
Health
Linked Life
Linked
Pension
Linked
Health
Linked
Group
Total
21,058,528
4,056,025
25,264,433
10,696,431
495,709
2,663,595
921,930
265,945
65,422,596
4,727,702
2,261,814
2,565,706
1,117,565
21,434
6,521
10,700,742
5,236,980
927,194
6,431,288
12,595,462
9,269
9,269
4,550,646
3,474,854
3,004,064
1,432,497
80,000
485,174
279,764
15,000
216,547
13,538,546
427,200
427,200
854,400
51
18
71
715,500
293,500
544,500
356,000
173,000
49,000
2,131,500
565,010
86,762
1,186,888
1,838,660
6,051,696
3,547,752
5,736,365
2,133,135
150,000
1,378,846
371,544
19,802
124,601
19,513,741
170,972
422,139
593,111
349,741
37,500
387,241
1,003,049
1,003,049
370,958
370,958
250,000
257,699
70,000
30,000
607,699
489,000
497,200
100,000
1,086,200
816,854
1,796,771
28,184
818,528
1,107,464
310,256
63,419
23,088
4,964,564
5,885
5,885
2,081,341
7,406
1,933
256
2,090,936
391,028
170,151
1,650,268
100,000
2,311,447
146,063
776,306
922,369
59 Schedules
101 Annexures
67
(` 000)
March 31, 2014
Particulars
Par
Pension
Par Life
Annuity
Non Par
Non Par
Health
Linked
Pension
Linked Life
Linked
Health
Linked
Group
Total
Other investments
Mutual fund
1,617,080
1,454,072
17,486
160
3,088,798
529,832
529,832
48,103,101
17,824,214
52,535,654
16,554,156
743,195
6,106,970
1,970,966
98,477
630,343
144,567,076
48,103,101
17,824,214
52,535,654
16,554,156
743,195
6,106,970
1,970,966
98,477
630,343
144,567,076
48,103,101
17,824,214
52,535,654
16,554,156
743,195
6,106,970
1,970,966
98,477
630,343
144,567,076
Government securities of ` 1,321,747 thousand with market value of ` 1,227,178 thousand (at March 31, 2013 : ` 794,986 thousand with market value of ` 807,356 thousand ) has been
deposited with Clearing Corporation of India Limited (CCIL) as Settlement Guarantee Fund (SGF) deposit. Government securities of ` 207,303 thousand with market value of ` 185,182 thousand
(at March 31, 2013: ` 207,632 thousand with market value of ` 203,300 thousand) has been deposited with CCIL for trades in the Collateralized borrowing and lending obligation segment - Refer
note 3.3 of schedule 16
2.
Particulars
Aggregate amount of Companys investments other than equity securities, mutual fund & derivative instruments
123,505,709
100,464,714
118,134,325
100,775,386
15,598,464
9,222,652
Aggregate amount of Companys investments in mutual fund, equity & investment property (at historical cost)
3.
For investments in holding company and other related entities - Refer note 3.22 of schedule 16.
4.
5.
Debt Securities are held to maturity and reduction in market values represent market conditions and not a permanent diminution in value of investments, if any.
Note: Refer schedule 16 note 2.11 for accounting policy related to investments.
SCHEDULE - 8A
Investments - Policyholders
(` 000)
March 31, 2013
Particulars
Long term investment
Government securities1
(Market value : ` 42,171,992 thousands)
Other approved securities
(Market value : ` 15,640,521 thousands)
Other approved investments
Equity shares
(Historical value : ` 5,295,082 thousands)
Preference shares
(Market value : ` Nil)
Debentures/bonds
(Market value : ` 9,693,507 thousands)
Property
(Historical value : ` 185,521 thousands)
CCIL deposit
(Market value : ` 71 thousands)
Fixed deposits
(Market value : ` 3,540,100 thousands)
Investments in infrastructure/housing sector
Equity shares
(Historical value : ` 1,054,382 thousands)
Debentures/bonds
(Market value : ` 18,485,726 thousands)
Other investments
Equity shares
(Historical value : ` 583,412 thousands)
68
44 Management Report
Par
Pension
Par Life
Non Par
Annuity
Non Par
Health
Linked Life
Linked
Pension
Linked
Health
Linked
Group
Total
14,581,091
2,983,399
14,034,495
8,087,708
191,529
1,744,726
491,664
50,963
161,811
42,327,386
6,780,894
2,368,157
2,815,762
2,141,167
740,103
455,737
197,935
15,499,755
3,253,382
929,471
3,616,872
7,799,725
3,512,733
2,429,514
1,767,877
1,370,142
293,917
185,042
9,559,225
445,000
445,000
890,000
51
18
71
1,214,600
553,500
841,500
356,000
434,600
99,500
40,400
3,540,100
245,832
91,386
635,492
972,710
5,815,960
3,321,950
4,373,728
2,141,506
50,000
1,620,329
660,532
19,800
300,952
18,304,757
291,973
345,929
637,902
54 Revenue Account
57 Balance Sheet
(` 000)
March 31, 2013
Particulars
Par
Pension
Par Life
Debentures/bonds
(Market value : ` 127,385 thousands)
Venture fund
(Market value : ` 590,805 thousands)
Short term investment
Government securities
(Market value : ` 1,983,599 thousands)
Other approved securities
(Market value : ` Nil)
Other approved investments
Debentures/bonds
(Market value : ` 629,947 thousands)
Fixed deposits
(Market value : ` 4,056,500 thousands)
Certificate of deposits
(Market value : ` 756,769 thousands )
Collateralized borrowing and lending obligation
(Market value : ` 1,924,244 thousands)
Mutual fund
(Historical value : ` 2,104,255 thousands)
Investments in infrastructure/housing sector
Debentures/bonds
(Market value : ` 585,376 thousands)
Commercial paper
(Market value : ` 588,844 thousands)
Other investments
Mutual Fund
(Historical value : ` Nil)
Venture fund
(Market value : ` Nil)
Total
In India
Total
Annuity
Non Par
Non Par
Health
Linked Life
Linked
Pension
Linked
Health
Linked
Group
Total
89,885
37,500
127,385
580,365
580,365
195,938
884,116
362,183
443,501
97,860
1,983,598
250,000
150,175
50,000
80,000
70,000
30,000
630,175
820,000
2,596,500
400,000
240,000
4,056,500
498,663
258,106
756,769
462,707
1,135,719
325,819
1,924,245
150,801
1,725,468
103,469
89,910
11,783
17,489
5,907
2,104,827
150,291
150,000
150,172
70,094
64,982
585,539
588,844
588,844
38,841,452
38,841,452
38,841,452
18,537,550
18,537,550
18,537,550
31,603,928
31,603,928
31,603,928
14,422,342
14,422,342
14,422,342
788,499
788,499
788,499
5,571,590
5,571,590
5,571,590
2,279,258
2,279,258
2,279,258
118,252
118,252
118,252
707,007
707,007
707,007
112,869,878
112,869,878
112,869,878
1.
Government securities of ` 1,321,747 thousand with market value of ` 1,227,178 thousand (at March 31, 2013 : ` 794,986 thousand with market value of ` 807,356 thousand ) has been
deposited with Clearing Corporation of India Limited (CCIL) as Settlement Guarantee Fund (SGF) deposit. Government securities of ` 207,303 thousand with market value of ` 185,182 thousand
(at March 31, 2013: ` 207,632 thousand with market value of ` 203,300 thousand) has been deposited with CCIL for trades in the Collateralized borrowing and lending obligation segment - Refer
note 3.3 of schedule 16
2.
Particulars
Aggregate amount of Companys investments other than equity securities, mutual fund & derivative instruments
123,505,709
100,464,714
118,134,325
100,775,386
15,598,464
9,222,652
Aggregate amount of Companys investments in mutual fund, equity & investment property (at historical cost)
3.
For investments in holding company and other related entities - Refer note 3.22 of schedule 16.
4.
5.
Debt Securities are held to maturity and reduction in market values represent market conditions and not a permanent diminution in value of investments, if any.
Note: Refer schedule 16 note 2.11 for accounting policy related to investments.
59 Schedules
101 Annexures
69
SCHEDULE - 8B
Assets held to cover linked liabilities
(` 000)
Linked
Life Funds
Particulars
Long term investments
Government securities
(Historical value : ` 51,912,462 thousands)
Other approved securities
(Historical value : ` 7,845,552 thousands)
Other approved investments
Equity shares 2
(Historical value : ` 227,354,351 thousands)
Preference shares
(Historical value : ` 110,824 thousands)
Debentures/bonds
(Historical value : ` 22,657,852 thousands)
Fixed deposit
(Historical value : ` 7,485,400 thousands)
Investments in infrastructure/housing sector
Equity shares 2 *
(Historical value : ` 35,625,880 thousands)
Debentures/bonds
(Historical value : ` 29,094,566 thousands)
Other investments
Equity shares
(Historical value : ` 21,360,717 thousands)
Debentures/bonds
(Historical value : ` 238,054 thousands)
Venture fund
(Historical value : ` Nil)
Short term investments
Government securities
(Historical value : ` 4,219,206 thousands)
Other approved investments
Debentures/bonds
(Historical value : ` 4,741,181 thousands)
Certificate of deposits
(Historical value : ` 28,796,669 thousands)
Commercial papers
(Historical value : ` 11,890,751 thousands)
Fixed deposits
(Historical value : ` 37,642,458 thousands)
Collateralized borrowing and lending obligation
(Historical value : ` 912,355 thousands)
Mutual fund
(Historical value : ` 2,886,513 thousands)
Investments in infrastructure/housing sector
Debentures/bonds
(Historical value : ` 8,925,106 thousands)
Commercial papers
(Historical value : ` 15,045,569 thousands)
Other investments
Debentures/bonds
(Historical value : ` 1,157,734 thousands)
Mutual fund
(Historical value : ` 2,295,730 thousands)
Venture fund
(Historical value : ` 14,294 thousands)
Net current asset
Total
In India
Total
Linked
Pension Funds
Linked
Group Funds
Total
34,602,593
9,809,727
300,164
6,529,422
51,241,906
3,194,478
2,676,669
60,714
2,010,767
7,942,628
181,231,303
111,941,548
2,740,528
6,798,378
302,711,757
134,318
51,036
1,585
186,939
9,260,561
6,829,856
153,109
6,365,824
22,609,350
3,599,976
1,741,006
10,111
2,134,307
7,485,400
16,450,046
12,933,299
307,265
243,045
29,933,655
14,832,104
7,718,522
171,981
6,372,800
29,095,407
12,159,002
7,653,376
340,222
663,419
20,816,019
138,661
49,970
9,994
37,126
235,751
3,921,317
336,425
1,766
4,209
4,263,717
1,588,553
1,834,710
14,897
1,322,703
4,760,863
13,681,873
8,389,956
234,465
6,701,098
29,007,392
5,393,870
4,110,869
69,942
2,576,546
12,151,227
16,115,881
12,558,961
174,338
8,793,278
37,642,458
324,129
432,254
8,879
148,287
913,549
1,769,565
806,014
47,681
265,036
2,888,296
3,571,767
3,090,426
76,932
2,207,845
8,946,970
6,770,162
5,885,815
12,989
2,823,890
15,492,856
319,137
253,654
6,021
550,210
1,129,022
1,167,983
524,975
101,325
502,932
2,297,215
15,735
15,735
5,967,718
336,210,732
336,210,732
336,210,732
2,880,478
202,509,546
202,509,546
202,509,546
160,540
5,005,448
5,005,448
5,005,448
2,327,473
59,378,595
59,378,595
59,378,595
11,336,209
603,104,321
603,104,321
603,104,321
1.
For investments in holding company and other related entities - Refer note 3.22 of schedule 16.
2.
Equity shares includes shares transferred under securities lending and borrowing scheme (SLB) where the Company retains all the associated risk and rewards on these securities - Refer note
3.15 of schedule 16.
* Includes rights entitlement where renouncement period has not expired as at the Balance Sheet date.
Note: Refer schedule 16 note 2.11 for accounting policy related to Investments.
70
44 Management Report
54 Revenue Account
57 Balance Sheet
SCHEDULE - 8B
Assets held to cover linked liabilities
(` 000)
Linked
Life Funds
Particulars
Long term investments
Government securities
(Historical value : ` 45,950,008 thousands)
Other approved securities
(Historical value : ` 1,076,566 thousands)
Other approved investments
Equity shares
(Historical value : ` 247,847,456 thousands)
Preference shares
(Historical value : ` Nil)
Debentures/bonds
(Historical value : ` 24,221,906 thousands)
Fixed deposit
(Historical value : ` 19,060,858 thousands)
Investments in infrastructure/housing sector
Equity shares
(Historical value : ` 38,053,772 thousands)
Debentures/bonds
(Historical value : ` 35,196,026 thousands)
Other investments
Equity shares
(Historical value : ` 30,999,936 thousands)
Debentures/bonds
(Historical value : ` 1,896,008 thousands)
Venture fund
(Historical value : ` 14,415 thousands)
Short term investments
Government securities
(Historical value: ` 245,128 thousands)
Other approved investments
Debentures/bonds
(Historical value : ` 5,099,105 thousands)
Certificate of deposits
(Historical value : ` 31,776,324 thousands)
Commercial papers
(Historical value : ` 1,603,623 thousands)
Fixed deposits
(Historical value : ` 22,150,100 thousands)
Collateralized borrowing and lending obligation
(Historical value : ` 75,009 thousands)
Mutual fund
(Historical value : ` 3,709,226 thousands)
Investments in infrastructure/housing sector
Debentures/bonds
(Historical value : ` 5,877,949 thousands)
Commercial papers
(Historical value : ` 5,268,118 thousands)
Other investments
Debentures/bonds
(Historical value : ` Nil)
Mutual fund
(Historical value : ` 1,803,219 thousands)
Venture fund
(Historical value : ` Nil)
Net current asset
Total
In India
Total
1.
Linked
Pension Funds
Linked
Group Funds
Total
27,103,152
11,339,898
158,470
7,359,991
45,961,511
892,351
150,615
12,684
25,190
1,080,840
162,107,021
125,349,783
1,973,324
5,829,233
295,259,361
10,111,342
7,784,994
137,613
6,638,434
24,672,383
6,357,535
6,717,724
67,427
5,918,171
19,060,857
17,359,651
15,064,038
241,150
419,910
33,084,749
16,103,498
11,234,508
171,542
8,176,511
35,686,059
14,279,796
11,743,640
272,394
531,184
26,827,014
601,412
512,852
20,018
739,348
1,873,630
16,258
16,258
245,128
245,128
2,067,633
1,960,633
9,563
1,198,787
5,236,616
14,778,620
10,285,230
332,620
6,549,599
31,946,069
384,515
452,417
1,885
811,037
1,649,854
8,430,977
7,734,248
172,158
5,812,717
22,150,100
47,938
22,726
836
3,599
75,099
2,013,143
1,295,717
46,297
355,079
3,710,236
2,105,573
2,138,878
17,164
1,728,564
5,990,179
1,538,169
2,395,374
4,329
1,440,997
5,378,869
760,060
319,403
172,164
552,081
1,803,708
6,285,146
293,588,918
293,588,918
293,588,918
4,047,559
220,550,237
220,550,237
220,550,237
7,522
3,819,160
3,819,160
3,819,160
3,159,527
57,249,959
57,249,959
57,249,959
13,499,754
575,208,274
575,208,274
575,208,274
For investments in holding company and other related entities - Refer note 3.22 of schedule 16.
Note: Refer schedule 16 note 2.11 for accounting policy related to Investments.
59 Schedules
101 Annexures
71
SCHEDULE - 9
Loans
Particulars
1.
Security-wise classifications
Secured
(a) On mortgage of property
(aa) In India
(bb) Outside India
(b) On Shares, bonds, Govt securities, etc.
(c) Loans against policies
(d) Others
Unsecured
Total
2.
87,469
87,469
119,076
119,076
87,469
87,469
119,076
-
87,469
-
119,076
87,469
6,513
112,563
119,076
4,026
83,443
87,469
Performance-wise classification
(a)
(b)
Total
4.
119,076
119,076
3.
(` 000)
March 31, 2013
Maturity-wise classification
(a) Short-term
(b) Long-term
Total
SCHEDULE - 10
Fixed assets
(` 000)
Gross Block
Particulars
At April
1,2013
Additions
Deductions
At March
31, 2014
At April 1,
2013
Depreciation
For the
Deductions
year
At March
31, 2014
Net Block
At March
At March
31, 2014
31, 2013
Intangible assets
Goodwill
Software1
742,518
127,987
870,505
575,394
105,211
680,605
189,900
167,124
903,280
1,405,205
89,000
124,949
206,304
54,936
235,919
89,401
3,851,512
-
149,141
38,477
228,934
3,779
55,314
201,057
804,689
-
178,775
12,548
30,440
3,985
27,254
570
253,572
-
903,280
1,375,571
89,000
150,878
404,798
54,730
263,979
289,888
4,402,629
-
1,099,397
8,714
101,638
127,045
18,254
196,505
72,151
2,199,098
-
180,518
1,451
42,802
77,619
10,522
25,327
24,922
468,372
-
176,664
11,841
17,077
1,520
26,259
529
233,890
-
1,103,251
10,165
132,599
187,587
27,256
195,573
96,544
2,433,580
-
903,280
272,320
78,835
18,279
217,211
27,474
68,406
193,344
1,969,049
46,390
903,280
305,808
80,286
23,311
79,259
36,682
39,414
17,250
1,652,414
69,970
3,851,512
4,189,575
804,689
319,663
253,572
657,726
4,402,629
3,851,512
2,199,098
2,431,078
468,372
409,792
233,890
641,772
2,433,580
2,199,098
2,015,439
-
1,722,384
-
Tangible assets
Freehold land
Improvements to leasehold property
Office buildings on freehold land
Furniture and fixtures
Information technology equipment
Motor vehicles
Office equipment
Communication networks
Total
Capital work in progress including capital
advances
Total
At March 31, 2013
72
44 Management Report
54 Revenue Account
57 Balance Sheet
SCHEDULE - 11
Cash and bank balances
Particulars
Cash (including cheques, drafts and stamps)
Bank balance
(a) Deposit Account :
(aa) Short-term (due within 12 months of the date of Balance Sheet)
(bb) Others
(b) Current accounts
(c) Others
Money at call and short notice
(a) With banks
(b) With other institutions
Others
Total
Balances with non-scheduled banks included above
(` 000)
March 31, 2013
1,689,481
418,872
-
1,558,119
-
1,934,384
6,910
3,247,600
4,775
1,918,561
15,823
1,934,384
3,239,915
7,685
3,247,600
SCHEDULE - 12
Advances and other assets
Particulars
Advances
Reserve deposits with ceding companies
Application money for investments (including advance for investment property)
Prepayments
Advances to directors/officers
Advance tax paid and taxes deducted at source
Deposits
Gross
Less:Provision for doubtful deposits
Net
Other advances
Gross
Less:Provision for doubtful advances
Net
Other receivables
Gross
Less:Provision for doubtful receivables
Net
Total (A)
Other Assets
Income accrued on investments and deposits
Outstanding premiums
Agents balances
Gross
Less:Provision for doubtful agents balance
Net
Foreign agencies balances
Due from other entities carrying on insurance business (including reinsurers)
Due from subsidiary - Refer note 3.22 of schedule 16
Deposit with Reserve Bank of India
Receivable towards investments sold
Service tax un-utilised credit
Total (B)
Total (A+B)
59 Schedules
101 Annexures
(` 000)
March 31, 2013
36,374
180,733
1,554,406
133,361
1,451,515
415,249
(48,873)
366,376
421,160
(71,129)
350,031
104,962
(13,479)
91,483
276,241
(25,718)
250,523
176,582
(59,740)
116,842
2,346,214
156,189
(45,589)
110,600
2,296,030
4,900,399
1,624,361
4,267,753
1,221,345
154,569
(140,056)
14,513
45,933
29,307
526,027
155,304
7,295,844
9,642,058
195,377
(170,914)
24,463
16,253
7,954
1,860,289
152,348
7,550,405
9,846,435
73
SCHEDULE - 13
Current liabilities
Particulars
Agents balances
Balances due to reinsurance companies
Deposits held on re-insurance ceded
Premium received in advance
Unallocated premium
Sundry creditors
Due to holding company - Refer note 3.22 of schedule 16
Claims outstanding
Due to officers/directors
Deposits
Expenses payable
TDS payable
Payable towards investments purchased
Unclaimed amount of Policyholders - Refer note 3.9 of schedule 16
Payable to unit fund
Service tax payable
Other liabilities
Total
(` 000)
March 31, 2013
1,026,686
127,275
1,086,387
357,827
191,123
131,666
67,998
13,243
5,630,778
237,314
2,157,613
4,128,634
3,188,825
14,819
70,864
18,431,052
SCHEDULE - 14
Provisions
Particulars
For taxation
For proposed dividends - Refer note 3.39 of schedule 16
For dividend distribution tax
For leave encashment and gratuity - Refer note 3.28 of schedule 16
Total
(` 000)
March 31, 2013
1,414,650
240,420
98,080
1,753,150
SCHEDULE - 15
Miscellaneous expenditure
(To the extent not written off or adjusted)
Particulars
Discount allowed in issue of shares/debentures
Others
Total
74
44 Management Report
54 Revenue Account
57 Balance Sheet
(` 000)
March 31, 2013
-
SCHEDULE: 16
Significant accounting policies and notes forming part of the
financial statements for the year ended March 31, 2014
1. Corporate information
ICICI Prudential Life Insurance Company Limited (`the Company), a joint
venture between ICICI Bank Limited and Prudential Corporation Holdings
Limited, was incorporated on July 20, 2000 as a Company under the
Companies Act, 1956 (`the Act). The company is licensed by the Insurance
Regulatory and Development Authority (`IRDA) for carrying life insurance
business in India. The license has been renewed annually and is in force as
at March 31, 2014.
The Company carries on business of providing life insurance, pensions
and health insurance to individuals and groups. Riders providing additional
benefits are offered under some of these products. The business is
conducted in participating, non-participating and unit linked lines of
businesses. These products are distributed through individual agents,
corporate agents, banks, brokers, the Companys proprietary sales force
and the Company website.
payment term and/or pre-determined policy term are treated as regular business
with due classification of premium into first year and renewal. Premium income
on products other than aforesaid is classified as single premium.
Top up premiums paid by unit linked policyholders are considered as single
premium and recognised as income when the associated units are created.
2.3.2. Reinsurance premium ceded
Reinsurance premium ceded is accounted in accordance with the terms
and conditions of the relevant treaties with the reinsurer. Profit commission
on reinsurance ceded is netted off against premium ceded on reinsurance.
2.3.3. Income from investments
Interest income on investments is recognised on accrual basis. Amortisation
of premium or accretion of discount on debt securities is recognised over
the holding/maturity period on a straight-line basis.
Dividend income, in respect of other than unit linked business, is recognised
when the right to receive dividend is established. Dividend income, in
respect of unit linked business, is recognised on the `ex-dividend date.
Fees received on lending of equity shares under Securities lending and
borrowing scheme (SLB) is recognised as income over the period of the
lending on a straight-line basis.
Lease rentals on investment property is recognised on accrual basis and
include only the realised rent and does not include any notional rent, as
prescribed by IRDA (Preparation of Financial Statements and Auditors
Report of Insurance Companies) Regulations 2002. Costs related to
operating and maintenance of investment property are recognised as
expense in the Revenue Account.
Profit or loss on sale/redemption of debt securities for other than unit linked
business is the difference between the sale consideration net of expenses
and the weighted average amortised cost as on the date of sale. Profit
or loss on sale/redemption of debt securities for unit linked business is
the difference between the sale consideration net of expenses and the
weighted average book cost as on the date of sale.
Profit or loss on sale/redemption of equity shares and mutual fund units
is the difference between the sale consideration net of expenses and the
weighted average book cost as on the date of sale. In respect of other than
unit linked business, the profit or loss includes the accumulated changes
in the fair value previously recognised under Fair Value Change Account.
2.3.4. Income from unit linked policies
Income from unit linked policies, which includes fund management charges,
policy administration charges, mortality charges and other charges, if any,
are recovered from the unit linked funds in accordance with terms and
conditions of policies issued and are recognised when due.
2.3.5. Fees and charges
Interest income on loans is recognised on an accrual basis. Fees and
charges also include policy reinstatement fee and loan processing fee
which are recognised on receipt basis.
2.4. Acquisition cost
Acquisition costs are costs that vary with and are primarily related to
acquisition of insurance contracts and are expensed in the period in which
they are incurred.
2.5. Employee benefits
2.5.1. Short term employee benefits
All employee benefits payable within twelve months of rendering the
59 Schedules
101 Annexures
75
44 Management Report
54 Revenue Account
57 Balance Sheet
Listed equity shares are valued at market value, being the last quoted
closing price on the NSE (in case of securities not listed on NSE, the last
quoted closing price on the BSE is used). Equity shares lent under the
Securities lending and borrowing scheme (SLB) continue to be recognised
in the Balance Sheet as the Company retains all the associated risks and
rewards of these securities.
Mutual fund units are valued at the latest available net asset values of the
respective fund.
Listed equity shares at the Balance Sheet date are stated at fair value
being the last quoted closing price on the National Stock Exchange of India
Limited (NSE) (in case the securities are not listed on NSE, the last quoted
closing price on the BSE Limited (BSE) is used). Unlisted equity shares are
stated at historical cost. Equity shares lent under the Securities Lending
and Borrowing scheme (SLB) continue to be recognised in the Balance
Sheet as the Company retains all the associated risks and rewards of these
securities.
Venture fund units are valued at the latest available net asset value of the
respective fund.
Mutual fund units are valued at the latest available net asset values of the
respective fund.
Unrealised gains/losses arising due to changes in the fair value of listed
equity shares and mutual fund units are taken to the Fair Value Change
Account in the Balance Sheet.
Investment property is held to earn rental income or for capital appreciation
and is not occupied by the Company. Investment property is initially valued
at cost including any directly attributable transaction costs. Investment
property is revalued at least once in every three years. The change in
carrying amount of investment property is taken to Revaluation reserve
in the Balance Sheet.
Investments in venture fund units are valued at historical cost.
Instruments bought on `reverse repo basis are valued at cost plus interest
accrued on reverse repo rate.
Securities with call option are valued at the lower of the value as obtained
by valuing the security upto final maturity date or the call option date. In
case there are multiple call options, the security is valued at the lowest
value obtained by valuing the security at various call dates or upto the final
maturity date.
Securities with put option are valued at the higher of the value as obtained
by valuing the security upto final maturity date or the put option date. In
case there are multiple put options, the security is valued at the highest
value obtained by valuing the security at various put dates or upto the final
maturity date.
The securities with both put and call option on the same day would be
deemed to mature on the put/call date and would be valued on a yield to
maturity basis, by using spreads over the benchmark rate based on the
matrix released by CRISIL.
Instruments bought on `reverse repo basis are valued at cost plus interest
accrued on reverse repo rate.
Unrealised gains and losses are recognised in the Revenue account as
prescribed by IRDA (Preparation of Financial Statements and Auditors
Report of Insurance Companies) Regulations 2002.
Fixed deposits with banks are valued at cost.
59 Schedules
101 Annexures
77
2.12. Loans
Loans are stated at historical cost, subject to provision for impairment,
if any.
Income tax expense comprises of current tax (i.e. amount of tax for the year
determined in accordance with the Income Tax Act, 1961) and deferred tax
charge or credit (reflecting the tax effects of timing differences between
accounting income and taxable income for the year).
Depreciation rates
1.63%
Depreciated over the lease period,
subject to a maximum of 9 years
15%
25%
33.3%,
except for tablets which is 50%
25%
20%
Current tax is the amount expected to be paid to the tax authorities after
taking credit for allowances and exemptions in accordance with the Income
Tax Act, 1961.
The deferred tax asset and liabilities are recognised using the tax rates that
have been enacted or substantively enacted by the Balance Sheet date.
Deferred tax assets are recognised and carried forward only to the extent
there is reasonable certainty that sufficient future taxable income will be
available against which such deferred tax assets can be realised. However,
deferred tax asset in respect of unabsorbed depreciation or carried forward
loss are recognised only if there is a virtual certainty of realisation of such
assets. Deferred tax assets are reviewed at each Balance Sheet date and
written down or written up to reflect the amount that is reasonable/virtually
certain (as the case may be) to be realised.
The Company allocates tax to the participating lines of business in order
to ensure that the expenses pertaining to and identifiable with a particular
line of business are represented as such to enable a more appropriate
presentation of the financial statements. Accordingly, tax charge/credit on
surplus/deficit arising from the participating line of business is disclosed
separately in the Revenue account.
2.14.2. Indirect taxes
Service tax liability on life insurance service is set-off against the service tax
credits available from tax paid on input services. Unutilised credits, if any,
are carried forward for future set-off, where there is reasonable certainty
of utilisation.
2.13.2. Intangibles
Assets not ready for their intended use and other capital work-in-progress
are carried at cost, comprising direct cost and related incidental expenses.
44 Management Report
54 Revenue Account
57 Balance Sheet
3. Notes to Accounts
3.1. Contingent liabilities
Particulars
Partly-paid up investments
Claims, other than those under policies, not acknowledged as debts comprising of:
- Claims made by vendors for disputed payments
- Claims for damages made by landlords (of premises taken on lease)
- Claims made by employees and advisors for disputed dues and compensation
Underwriting commitments outstanding (in respect of shares and securities)
Guarantees given by or on behalf of the Company
Statutory demands/liabilities in dispute, not provided for (refer note 1)
Reinsurance obligations to the extent not provided for
Policy related claims under litigation in different consumer forums:
- Claims for service deficiency
- Claims against repudiation
Others (refer note 2)
Total
(` 000)
At March 31, 2013
-
101,258
43,675
4,086
-
101,038
35,731
2,955
1,590
-
155,220
146,586
1,536,996
1,987,821
155,916
137,984
1,350,000
1,785,214
Notes:
1. ` 1,590 thousand pertains to a demand from Profession Tax authority, West Bengal which was settled in the Companys favour during the year ended March 31, 2014.
2. ` 1,536,996 thousand is on account of objections raised by office of the Commissioner of Service tax, Mumbai (through the Service Tax audit under EA-2000) on certain positions taken by the
Company).
59 Schedules
101 Annexures
79
rates used are based on CIBT 93 table, adjusted for expected experience, or
on risk rates supplied by reinsurers.
Expenses are provided for at least at current levels in respect of renewal
expenses, with no allowance for any future improvement but with an allowance
for any expected worsening. Per policy renewal expenses are assumed to
inflate at 4.84% (The inflation assumption for the previous year was 5.41%).
Certain explicit additional provisions are made, which include the following:
The liability for the unexpired portion of the risk for the non-unit liabilities of
linked business and attached riders is the greater of liability calculated using
discounted cash flows and unearned premium reserves.
a.
An unexpired risk reserve and a reserve in respect of claims incurred but not
reported is held for one year renewable group term insurance.
b.
The unit liability in respect of linked business is the value of the units standing
to the credit of policyholders, using the Net Asset Value (`NAV) prevailing at
the valuation date.
c.
d.
Reserves for free look option given to policyholders calculated using a free
look cancellation rate of 3.10% (March 31, 2013: 2.64%) for individual
policies issued in the two-month period preceding the valuation date.
e.
f.
g.
The interest rates used for valuing the liabilities are in the range of 4.87% to
5.77% per annum (The previous years rates were 4.43% to 6.26%).
Mortality rates used are based on the published Indian Assured Lives
Mortality (2006 2008) Ult. mortality table for assurances and LIC (a)
96-98 table for annuities adjusted to reflect expected experience. Morbidity
Assets deposited with National Securities Clearing Corporation Limited (NSCCL) and Indian Clearing Corporation Limited (ICCL)
Fixed deposit of ` 1,050,200 thousand (March 31, 2013: ` 1,050,100 thousand) and ` 300,100 thousand (March 31, 2013: ` 100,000 thousand) has
been deposited with NSCCL and ICCL respectively towards margin requirement for equity trade settlement.
Terms of pledge: Physical custody of the fixed deposits are with respective clearing houses, however the income accrued on these deposits shall
be passed on to the Company on the maturity of the deposits. These deposits can be invoked by the clearing houses in case of any default by the
Company in settlement of equity transactions.
b.
Particulars
Pledged under securities segment
Government securities
Cash
Pledged under CBLO segment (Collateralized Borrowing and Lending Obligation)
Government securities
Cash
Other encumbrances
Death claim settlement amount of ` 479 thousand (March 31, 2013: ` Nil)
pertaining to one of the deceased policyholder has been invested in a fixed
80
44 Management Report
1,227,178
70,000
1,321,747
70,000
807,356
60,000
794,986
60,000
185,182
100
207,303
100
203,300
100
207,632
100
deposit with ICICI Bank Limited based on the directive from the Hon. Patna
High Court with the condition that this sum cannot be withdrawn without
the order of the Court.
54 Revenue Account
57 Balance Sheet
3.7. Commitments
The market value of this security held under Section 7 of the Insurance Act,
1938 is ` 102,189 thousand (March 31, 2013: ` 104,331 thousand). This
security is held with Deutsche Bank A.G. in Constituent Subsidiary General
Ledger Account as specified by the IRDA.
Claims settled and remaining unpaid for a period of more than six months as
at March 31, 2014 is ` 114 thousand (March 31, 2013: ` 8,216 thousand).
Claims settled but not paid to the policyholders/insured due to any reasons except under litigation from the insured/policyholders:
At
Total amount
<1
b.
1-6
2,631
448
13-18
-
19-24
-
25-30
-
31-36
2,694
> 36
5,522
Total amount
1,710,265
1,175,880
<1
1-6
7-12
738,042
675,267
335,507
210,460
208,714
65,450
13-18
19-24
227,045
85,876
25-30
51,218
13,253
31-36
42,718
22,311
> 36
13,150
9,604
93,871
93,659
Any excess collection of the premium/tax or any other charges which is refundable to the policyholders either as terms of conditions of the policy or
as per law or as may be directed by the Authority but not refunded so far:
At
Total amount
<1
d.
7-12
2,526
-
At
c.
5,157
8,664
73,586
94,695
1-6
70,448
75,183
2,528
16,227
7-12
290
1,886
13-18
19-24
146
976
25-30
31
189
31-36
32
155
> 36
44
11
67
68
At
Total amount
<1
4,658,455
4,047,596
1,949,058
946,352
1-6
7-12
447,729
580,047
292,654
496,601
13-18
254,755
475,547
19-24
310,647
626,751
25-30
300,389
350,662
31-36
416,162
238,827
> 36
687,061
332,809
The cheques issued but not encashed by policyholders/insured category include ` 2,122,770 thousand pertaining to cheques which are within the validity
period but not yet encashed by the policyholders at March 31, 2014 (March 31, 2013: ` 1,198,200 thousand). This amount forms part of bank reconciliation
and consequently not considered in unclaimed amount of policyholders as disclosed under Schedule 13 - Current liabilities.
59 Schedules
101 Annexures
81
Basic
Sandeep Bakhshi,
Managing Director & CEO
Puneet Nanda,
Executive Director
Sandeep Batra,
Executive Director2
Madhivanan Balakrishnan,
Executive Director3
Total
FY2013
Bonus
Retirals
(` 000)
LTRS1
Total
12,626
5,585
2,878
7,643
15,000
43,732
7,349
4,079
1,617
7,323
12,500
32,868
1,556
187
2,301
4,044
145
21,676
1,700
11,364
647
5,329
307
17,574
7,500
35,000
10,299
90,943
Basic
Sandeep Bakhshi,
Managing Director & CEO
Puneet Nanda,
Executive Director
Madhivanan Balakrishnan,
Executive Director3
Total
Allowances/
Perquisites
Bonus
Allowances/
Perquisites
Retirals
LTRS1
Total
10,920
7,320
2,402
6,931
4,000
31,573
6,643
4,648
1,462
6,448
5,500
24,701
1,705
19,268
4,648
16,616
6,524
10,388
2,978
16,357
2,500
12,000
18,355
74,629
3.11. Investments
a.
The investments are made from the respective funds of the Policyholders or Shareholders and investment income thereon has been accounted
accordingly.
b.
Shareholders
474,464
Unit linked
1,694,212
3,521,314
Shareholders
696,253
570,822
Unit linked
4,245,752
7,001,491
There are no investment contracts where sales have been made and payments are overdue at the Balance Sheet date.
82
44 Management Report
54 Revenue Account
57 Balance Sheet
Particulars
Securities sold under repo
i.
Government Securities
ii.
Corporate debt securities
Securities purchased under reverse repo
i.
Government Securities
ii.
Corporate debt securities.
Maximum outstanding
during the year
FY2014
FY2013
2013
258,878
689,214
52,014
-
4,719,797
689,214
3,999,917
-
3,169,646
689,214
2,963,808
-
FY2014
212,650
27.3%
15,168
FY2013
305,909
31.9%
14,380
1
171,791
19.9%
778,911
911,309
1
168,593
12.6%
960,178
1,338,704
Individual business
Risk retained
Risk reinsured
Group business
Risk retained
Risk reinsured
2014
Sector wise break-up of policies issued, lives covered and gross premium
underwritten during the year is as follows:
Particulars
Outstanding at March 31
Sector
Rural Number of policies
Percentage of total policies
Social Gross premium underwritten
for new lives (` 000)
Number of policies issued
Number of new lives covered
Percentage of total group lives
Total
Number of policies
Number of total group lives
At March
31, 2013
60%
40%
63%
37%
37%
63%
40%
60%
Deferred tax charge for the year ended March 31, 2014 is ` 62,902
thousand (March 31, 2013: ` 975,164 thousand).
An amount of ` 384,181 thousand (March 31, 2013: ` 234,428 thousand)
has been charged on the total surplus in the participating line of business in
line with the Companys accounting policy. As the Company has unabsorbed
losses as per Income Tax Act there is no current tax liability, the tax on total
surplus of participating line of business has been offset by a corresponding
credit in the Profit and Loss account.
Particulars
Deferred
tax asset at April
1, 2013
(Charge)/
Credit for
the period
(` 000)
Deferred tax
asset at
March 31, 2014
12,828
(12,828)
65,369
(50,074)
15,295
78,197
(62,902)
15,295
Particulars
Not later than one year
Later than one year but not later than five years
Later than five years
At March
31, 2014
217,472
201,650
-
(` 000)
At March
31, 2013
300,853
418,620
-
59 Schedules
101 Annexures
83
Significant influence
Relation
Holding company
Description
Premium
Interest income on investments
Recovery of expenses
- Rent, rates and taxes
- Employees remuneration and
welfare benefits
- Agents training, recruitment and
incentives
Benefits paid
- Claim by death
Reimbursement of other expenses
- Legal and professional charges
- Employees remuneration and
welfare benefits
Rents, rates and taxes
- Advertisement and publicity
84
44 Management Report
FY2014
94,817
20,443
FY2013
95,275
64,262
899
15
1,162
-
494
-
4,766
-
1,135
(70,948)
(61,430)
(1,350)
(27,503)
(797)
(9,498)
(138)
(27,503)
(322)
(9,498)
(853)
-
(110)
(204)
(46)
-
(44)
-
54 Revenue Account
57 Balance Sheet
(` 000)
Name of related party
ICICI Bank Limited
Relation
Holding company
Fellow subsidiary
Fellow subsidiary
Fellow subsidiary
Fellow subsidiary
Fellow subsidiary
Fellow subsidiary
Subsidiary
59 Schedules
Description
- Information technology cost
Administration support expenses
Commission
Interest and bank charges
Dividend
Purchase of fixed assets
Subscription to primary market
issuance
Sale of fixed assets
Purchase of investments
Sale of investments
Redemption of investments
Outstanding investments
Cash & bank balances
Proposed dividend
Premium
Administration support expenses
Commission
Brokerage
Sale of investments
Premium
Interest income on investments
Recovery of expenses
-Rent, rates and taxes
Reimbursement of other expenses
- Legal and professional charges
- Miscellaneous Expenses
Commission
Redemption of investments
Sale of investments
Outstanding investments
Premium
Interest income on investments
Purchase of investments
Subscription to primary market
issuance
Sale of investments
Outstanding investments
Premium
Premium
Benefits paid
Claims received (loss of asset)
Reimbursement of other expenses
- Rent, rates and taxes
Employees remuneration and
welfare benefits
Purchase of investments
Sale of investments
Security deposit outstanding
Recovery of expenses
- Communication expenses
- Employees remuneration and
welfare benefits
- Information technology cost
- Legal and professional charges
- Miscellaneous expenditure
- Rent, rates and taxes
- Travel, conveyance and vehicle
running
- Software
Share capital subscribed
FY2014
(243,319)
(1,645,409)
(3,478,901)
(104,865)
(8,073,128)
(2,212)
-
FY2013
(175,082)
(266,465)
(3,680,159)
(96,183)
(3,271,464)
(130)
(1,407,146)
1,745
(6,138,806)
2,448,412
5,00,000
2,505
(123,534)
(272,036)
(12,628)
52,467
2,273
(4,088,018)
3,056,895
1,050,030
1,209
(54,719)
(342,625)
(9,192)
2,638
1,245,356
(230,266)
(2,216,153)
(173)
(51,196)
(9,444)
(429)
(718)
1,492,638
1,895,215
(1,044,248)
(681)
(25,850)
(102)
(358)
63,856
125,594
37,068
40,087
22
(118)
2,50,000
352
75,350
(3,330,056)
(2,50,000)
(503)
(126)
597,000
322
53,858
(5,277,860)
-
(5)
499,123
(255)
35,967
-
746,387
(221)
14,542
-
2,064,848
2,777
5,358,050
1,558
782,816
(479)
562,968
(291)
5,774
607
5,679
(2,000)
12,000
(591)
-
(528)
-
(6,546)
(182,935)
(7,961)
(169,343)
(257)
53,755
(195)
42,047
676,905
(115)
(1,696,367)
887,478
-
1,157
1,272
135
24,039
136
21,905
237
355
48
4033
1,138
7,954
-
216
355
48
3,674
1,138
7,954
-
1,835
-
(160,000)
1,835
-
101 Annexures
85
(` 000)
Name of related party
Relation
Description
FY2014
Prudential Corporation Holdings Limited
Substantial interest
Significant influence
Significant influence
Significant influence
Key management
personnel
Relatives of key
management personnel
1. The options exercised have been reported at face value
Recovery of expenses
- Employees remuneration and
welfare benefits
Reimbursement of other expenses
- Employees remuneration and
welfare benefits
- Agents training, recruitment and
incentives
Dividend
Proposed dividend
Premium income
Contribution to trust
Premium income
Contribution to trust
Contribution to trust
Premium
Dividend
Managerial remuneration
Employees remuneration and
welfare benefits
Employee stock options
outstanding (numbers)
Employee stock options exercised1
Premium income
Benefits paid
FY2013
7,684
6,818
1,465
2,557
(1,918)
(1,852)
(1,494)
(1,661)
(17,018)
( 25,947)
(13,629)
(25,947)
(2,836,504)
109,154
(109,134)
(1,149,433)
194,593
(194,595)
(778,648)
(287)
-
(366,898)
(308)
-
8,830
(8,830)
(205,435)
8,958
(8,958)
(211,880)
(32,061)
(36,087)
1,292
(144)
710
(9)
(127)
(156,629)
(136,255)
1,195,375
1,137,500
257
(5)
27
-
77,500
-
30
-
86
44 Management Report
54 Revenue Account
57 Balance Sheet
59 Schedules
101 Annexures
(302,932)
393
507,883
4,961,715
Par Pension
(1,680,184)
478
525,385
3,335,820
Par Pension
19,242,135
154,081
(5,494,043)
26,256,962
Non Par
19,596,384
83,030
603,971
26,803,119
Non Par
2,896,583
507
(136,477)
3,681,145
Annuity
Non Par
3,142,235
1,460
(599,565)
3,598,737
Annuity
Non Par
704,928
1,141
(628,032)
195,365
Health
Segments
(191,140)
707
335,767
216,097
Health
Segments
6,431,990
179,850
4,932,781
81,336,042
Linked Life
44,219,271
260,165
1,755,594
108,408,549
Linked Life
(14,209,552)
20,822
9,143,773
49,064,534
Linked
Pension
(17,807,724)
23,402
7,442,044
44,251,322
Linked
Pension
* comprises of change in valuation of policy liabilities, provisions for diminution in the value of investments (net), provision for doubtful debts and bad debts written off.
3,998,837
34,190
Depreciation/Amortisation
586,129
10,955,812
Par Life
6,111,549
Particulars
89,064
1,424,744
Depreciation/Amortisation
15,492,047
Par Life
Particulars
Segment wise information of various items as required under AS 17 Segmental Reporting are given below:
1,018,876
13,900
165,275
2,096,763
Linked
Health
1,225,336
4,593
299,943
2,265,949
Linked
Health
6,318,915
4,729
245,474
17,767,857
Linked
Group
2,117,250
5,314
302,611
10,794,795
Linked
Group
179
4,102,168
4,160,630
Shareholders
263,006
159
3,596,810
3,973,950
Shareholders
26,099,780
409,792
13,424,931
200,476,825
Total
(` 000)
56,995,983
468,372
15,687,304
219,140,385
Total
(` 000)
87
88
44 Management Report
16,782,842
1,265,353
1,265,353
18,048,195
17,824,214
6,826
466,462
473,288
249,056
251
249,307
223,981
18,048,195
1,757,603
1,757,603
48,050,939
48,103,101
109,254
41,289
1,829,022
1,870,311
2,002,877
28,850
2,031,727
(161,416)
48,050,939
46,293,336
43,034,113
43,034,113
5,53,231
3,34,441
2,924,785
334,438
158,95,170
158,95,170
Par Pension
Par Life
Sources of funds
Shareholders funds :
Share capital
Share application money
Reserve and surplus
Credit/[debit] fair value change account
Sub-total
Borrowings
Policyholders funds :
Credit/[debit] fair value change account
Revaluation reserve - Investment property- Refer note 3.13 of schedule 16
Particulars
54 Revenue Account
57 Balance Sheet
56,380,830
10,941
27,35,676
27,46,617
(11,23,658)
27,841
(10,95,817)
38,42,434
-
525,35,654
2,742
-
950,929
9,50,929
563,80,830
55,429,901
54,113,907
54,113,907
1,315,994
-
Non- Par
17,486,932
6,840
543,769
550,609
(382,498)
331
(382,167)
932,776
-
16,554,156
-
17,486,932
17,486,932
17,486,932
17,486,932
Annuities
Non -Par
9
-
631,113
52
27,511
27,563
139,384
261
139,645
(112,082)
-
743,195
-
631,113
631,113
631,104
631,104
Health
Segments
342,082,789
10,022
663,038
673,060
852,368
62,685
915,053
(241,993)
-
6,106,970
336,210,732
7,080
-
107,997
284,599
392,596
342,082,789
11,278,916
11,283,673
(4,757)
336,102,735
341,690,193
324,823,819
286,148,735
38,675,084
341,690,189
5,587,454
4
-
Linked Life
1
-
203,943,125
1,722
151,699
153,421
680,157
10,651
690,808
(537,387)
-
1,970,966
202,509,546
-
341,995
275,066
617,061
203,943,125
1,761
1,761
202,167,551
203,326,064
202,165,790
174,384,130
27,781,660
203,326,063
1,158,512
Linked
Pension
5,182,871
384
16,992
17,376
(63,915)
2,345
(61,570)
78,946
-
98,477
5,005,448
-
56,849
56,849
5,182,871
5,005,448
5,126,022
5,005,448
4,433,922
571,526
5,126,022
120,574
Linked
Health
59,475,701
240
43,062
43,302
575,098
1,441
576,539
(533,237)
-
630,343
59,378,595
-
59,475,701
593,78,595
594,75,701
59,378,595
58,035,555
1,343,040
59,475,701
97,106
Linked
Group
49,818,045
1,856,068
3,164,827
5,020,895
13,137,566
3,511,530
16,649,096
(11,628,201)
5,887,809
53,527,703
2,015,439
15,295
49,818,045
14,292,557
984
33,663,847
1,860,657
49,818,045
-
Shareholder
801,100,540
1,934,384
9,642,058
11,576,442
16,066,435
3,646,186
19,712,621
(8,136,179)
5,887,809
53,527,703
144,567,076
603,104,321
119,076
2,015,439
15,295
449,992
4,590,399
5,040,391
801,100,540
11,280,677
11,285,434
(4,757)
602,654,329
746,242,104
591,373,652
523,002,342
68,371,310
740,779,201
138,124,872
4,794,024
668,879
14,292,557
984
33,663,847
1,860,657
49,818,045
-
Total
(` 000)
59 Schedules
49,199,607
1,722,384
78,197
3,045,083
3,092,107
6,137,190
15,833,581
1,655,069
17,488,650
(11,351,460)
8,763,355
48,412,083
102
39,311
39,413
636,941
982
637,923
(598,510)
57,358,456
14,289,392
33,645,103
477,588
48,412,083
-
707,007
57,249,959
-
57,358,454
108,496
2
-
Shareholder
48,412,083
3,901,167
82,007
5
-
Linked
Group
57,358,456
219,711,354
201,636,475
18,074,879
221,134,093
1,422,739
3
-
Linked
Health
288,803,559
268,543,249
20,260,310
297,478,858
4,373,474
24
-
Linked
Pension
57,249,958
57,358,456
822,099
822,099
28
-
Linked Life
14,344,704
14,344,704
Health
34,555,751
34,555,751
Annuities
Non -Par
116,463
-
Non- Par
57,249,958
56,496,774
753,184
17,581,150
17,581,150
485,471
352,241
1,876,039
352,238
36,985,580
36,985,580
Par Pension
Par Life
Segments
3,819,160
3,666,532
152,628
Sources of funds
Shareholders funds :
Share capital
Share application money
Reserve and surplus
Credit/[debit] fair value change account
Sub-total
Borrowings
Policyholders funds :
Credit/[debit] fair value change account
Revaluation reserve - Investment property- Refer note 3.13 of
schedule 16
Particulars
101 Annexures
740,838,997
8,763,355
3,247,600
9,846,435
13,094,035
18,431,052
1,753,150
20,184,202
(7,090,167)
-
49,199,607
112,869,878
575,208,274
87,469
1,722,384
78,197
1,322,418
3,760,126
5,082,544
740,838,997
4,302,659
(834)
573,885,856
687,344,370
4,301,825
569,584,031
530,343,030
39,241,001
684,161,856
110,276,000
2,478,035
704,479
14,289,392
33,645,103
477,588
48,412,083
-
Total
(` 000)
89
3.26. Fund Revenue Account for the year ended March 31, 2014
Fund Revenue Account for each segregated linked fund is annexed herewith - Refer Annexure 2.
Particulars
Reconciliation of benefit obligations and planned assets for the period:
Present value of the defined benefit obligations at March 31 (A)
Fair value of plan assets at March 31 (B)
Net liability recognised in Balance Sheet at end of reporting period (B-A)
Total net cost recognised as employee remuneration in Revenue/Profit and loss account
593,293
554,816
(38,477)
116,946
500,636
476,280
(24,356)
132,860
500,636
71,994
40,317
46,119
6,741
(72,514)
593,293
397,433
63,056
34,272
59,557
(53,682)
500,636
476,280
37,164
4,319
102,826
6,741
(72,514)
554,816
301,856
23,009
10,794
194,303
(53,682)
476,280
71,994
40,317
(37,164)
41,800
116,947
63,056
34,272
(23,009)
48,763
9,778
132,860
100.0%
9.0%
100.0%
10.0%
35.3%
18.7%
14.2%
15.8%
11.8%
4.2%
100.0%
31.5%
17.8%
19.5%
15.3%
10.5%
5.4%
100.0%
90
44 Management Report
54 Revenue Account
57 Balance Sheet
Year ended
March 31, 2014
March 31, 2013
Particulars
Assumptions:
Discount rate
8.7%
7.8%
Salary escalation rate *
Grade I and II
5.0%
5.0%
Grade III and above
- Year 1
8.0%
10.0%
- Year 2 to 3
8.0%
8.0%
- Year 4 to 6
8.0%
7.0%
- Year 7 onwards
8.0%
5.0%
Estimated rate of return on plan assets #
7.5%
7.5%
Expected future contribution from employer for next financial year
120,000
150,000
* Salary escalation rate considered in valuation take into account impact of inflation, seniority, promotion and other factors impacting future salary cost.
# Expected rate of return on plan assets is based on our expectation of the average long-term rate of return expected on investments of fund during the estimated term of obligations.
Period ended
March 31, 2012
397,433
301,856
(95,577)
26,710
4,319
49,715
10,794
24,870
6,835
Provident fund
Provident fund benefits are aimed at providing security to staff members
and their dependents on retirement, disability or death. Both employee
and the company contribute an equal percentage of the basic salary a
part of which goes to the fund, and balance portion is contributed to the
government administered pension fund. The provident fund is managed by
ICICI Prudential Life Insurance Company Employees Provident Fund Trust.
The minimum rate at which the annual interest is payable by the trust to
members is prescribed by the Government. The Company has an obligation
to make good the shortfall, if any, between the Government prescribed rate
and actual return earned by the provident fund.
As there is net surplus in the plan, no liability needs to be provided for in the
books of accounts of the Company.
The assumptions used in actuarially valuing the defined benefit obligations
of interest rate guarantee are as follows:
Particulars
Discount rate for the term of the
obligation
Average historic yield on the
investment portfolio
Discount rate for the remaining term
to maturity of the investment portfolio
Expected investment return
Guaranteed rate of return
8.9%
8.9%
8.9%
8.0%
8.7%
8.8%
8.7%
8.5%
38,548
(20,827)
1,650
4,158
Compensated absence
Liability for compensated absence for employees is determined based on
actuarial valuation which has been carried out using the projected accrued
benefit method which is same as the projected unit credit method in
respect of past service. The assumptions used for valuation are:
Particulars
Discount rate per annum
Salary escalation rate (per annum)
Grade I and II
Grade III and above
- Year 1
- Year 2 to 3
- Year 4 to 6
- Year 7 onwards
5.0%
5.0%
8.0%
8.0%
8.0%
8.0%
10.0%
8.0%
7.0%
5.0%
Grade I-IV
NA
60 days
While computing liability, 2% leave availment has been assumed for each
subsequent year following the valuation date.
59 Schedules
101 Annexures
91
Date of grant
Number of options granted
2004-05
April 25, 2005
3,782,400
2005-06
April 26, 2006
4,633,250
2006-07 Founder II
April 24, 2007
6,534,675 (2006-07)
2007-08
April 25, 2008
6,101,000
50% of options granted 25% of options granted 25% of options granted 25% of options granted 25% of options granted
25% of options granted 25% of options granted 25% of options granted 25% of options granted 25% of options granted
25% of options granted 25% of options granted 25% of options granted 25% of options granted 25% of options granted
25% of options granted 25% of options granted 25% of options granted 25% of options granted
Later of the tenth anniversary of the date of grant of options or the fifth anniversary of the date of vesting of options
Equity
Exercise price of all the options outstanding as at March 31, 2014 for
Founder I (2003-04) scheme, 2004-2005 scheme, 2005-06 scheme, 200607 scheme, Founder II and 2007-08 scheme is ` 30, ` 42, ` 70, ` 130,
` 130 and ` 400 respectively.
A summary of status of Companys Employee Stock Option Scheme in
terms of options granted, forfeited and exercised is given below:
Particulars
Outstanding at the beginning of the year
Add: Granted during the year
Less: Forfeited/lapsed during the year
Less: Exercised during the year
Outstanding at the end of the year
Exercisable at the end of the year
During the year, the Company has recognised a compensation cost of ` Nil
(Previous year: ` Nil) as the intrinsic value of the options.
For the year ended March 31, 2014 there would have been no impact on
the Revenue account and Profit & Loss account had the Company followed
the fair value method for valuing its options. For the year ended March 31,
2013 there would have been an additional cost of ` 2,416 thousand under
the fair value method. Accordingly, the profit after tax for the year ended
March 31, 2013 would have been at ` 14,956,976 thousand. Consequently,
the Companys basic earnings per share would have been at ` 10.47 and
diluted earnings per share would have been at ` 10.44 for the year ended
March 31, 2013.
92
44 Management Report
The weighted average price of options exercised during the year is ` 69.3
(year ended March 31, 2013: ` 70.0). The weighted average remaining
contractual life of options outstanding at the end of the year is as follows:
Exercise price
range (in `)
30
42
70
130
400
Total
54 Revenue Account
57 Balance Sheet
II
(a)
(b)
III
Particulars
Net profit/(loss) as per profit and
loss account available for equity
shareholders for both basic and
diluted earnings per equity share of
` 10 each
Weighted average number of equity
shares for earnings per equity share
For basic earnings per equity share
For diluted earnings per equity share
Number of equity shares for basic
earnings per equity share as per
(II) (a)
Add: Weighted average outstanding
employee stock options deemed to
be issued for no consideration
Weighted number of equity shares
for diluted earnings per equity share
Earnings per equity share
Basic (in `)
Diluted (in `)
(` 000)
March 31,
2013
14,959,392
1,429,053,739
1,428,876,063
1,429,053,739
1,428,876,063
3,089,612
3,749,508
1,432,143,351
1,432,625,571
10.96
10.94
10.47
10.44
FY2014
2,551,821
499,415
2,271,989
(` 000)
FY2013
2,102,308
1,600,746
1,002,935
Authority
Non-compliance/violation
1
2
3
4
5
6
7
8
9
Refer note
NIL
NIL
NIL
NIL
NIL
NIL
NIL
Shop and Establishment Act
Equal Remuneration Act
Electricity Act
Contract Labour (Regulation
and Abolishment) Act
Profession Tax Act
Industrial Dispute Act
Maternity Benefit Act
Payment of Gratuity Act
150
150
11,800
Total
Note: Penalty towards non-compliance of certain provisions of the Insurance Act, 1938 and regulations/guidelines issued by IRDA in respect of intermediaries
and group business.
59 Schedules
101 Annexures
93
Service rendered
NAV and Form IA certification
FY 2014
225
(` 000)
FY 2013
225
(` 000)
March 31, 2013
665,190
6,369,068
3,470,155
651,841
42,057
11,280,677
177,905
11,425
4,301,825
b) Number of policies discontinued during the year ended March 31, 2014:
114,636 (Previous year: 90,192).
:
:
:
:
3.39. Dividend
The Board of Directors of the Company have during the year approved and
paid an interim dividend aggregating to ` 7,931,517 thousand (Previous
year: ` 3,429,335 thousand).
The total interim dividend appropriation for the year amounted to
` 9,279,478 thousand including corporate dividend tax of ` 1,347,961
thousand (Previous year: ` 3,985,659 thousand including corporate
dividend tax of ` 556,324 thousand).
The Board of Directors have also proposed a final dividend of ` 3,001,437
thousand (Previous year: ` 1,413,959 thousand).
These dividends were declared from current years profit and the Company
has transferred 10% of current years profit amounting to ` 1,566,656
thousand to General Reserves (Previous year: ` 1,495,939 thousand) as
required by the Companies (Transfer of Profits to Reserves) Rules, 1975.
94
44 Management Report
FY2014
274,112
FY2013
208,726
(90,324)
(51,621)
183,788
157,105
54 Revenue Account
57 Balance Sheet
5
6
7
8
9
10
11
12
13
14
15
16
17
19
20
21
22
23
24
25
26
Particulars
FY2014
FY2013
FY2012
FY2011
FY2010
Policyholders account
Gross premium income
Net premium income #
Income from investments (net)@
Other income
Contribution from the Shareholders a/c
Fees and Charges
Total income
Commissions
Brokerage
Operating expenses related to insurance business
Provisions for tax
Total expenses
Payment to Policyholders *
Increase in actuarial liability
Transfer to Linked Fund **
Surplus/deficit from operations
1,242,865
1,228,265
920,825
11,190
9,465
1,725
2,160,280
62,749
192,653
4,374
259,776
1,208,334
278,489
287,684
125,997
1,353,824
1,341,724
618,044
56,532
54,125
2,407
2,016,300
76,542
203,825
2,385
282,752
1,329,273
268,960
(9,653)
144,968
1,402,158
1,392,788
(14,181)
36,371
34,980
1,391
1,414,978
60,547
200,885
4,356
265,787
845,736
245,045
(74,786)
133,196
1,788,063
1,781,698
623,153
14,618
13,590
1,028
2,419,469
56,068
218,739
9,219
284,026
1,059,172
229,822
785,688
60,760
1,653,188
1,647,896
1,757,996
52,972
52,550
422
3,458,864
60,297
256,915
(305)
316,907
721,004
59,062
2,232,121
129,770
Shareholders account
Total income under Shareholders Account
Profit /(loss) before tax
Provisions for tax
Profit/(loss) after tax
Profit /(loss) carried to Balance sheet
35,968
152,921
(3,745)
156,666
(103,346)
41,022
156,961
7,367
149,594
(116,435)
21,857
141,372
2,955
138,417
(194,670)
10,586
83,250
2,488
80,762
(271,087)
3,124
28,053
2,256
25,797
(351,849)
7,462,421
7,476,714
12.8%
6,873,444
6,880,782
9.1%
6,611,387
6,692,814
(0.2%)
6,441,896
6,604,373
10.2%
5,428,166
5,592,583
40.0%
439,302
535,277
7.0%
12.4%
142,926
439,302
7,952,127
396,487
491,996
9.8%
9.1%
142,894
396,487
7,320,756
300,528
347,701
8.0%
0.1%
142,885
300,528
6,987,837
208,485
197,647
6.5%
10.1%
142,846
208,485
6,747,606
126,762
128,503
3.2%
39.2%
142,814
126,762
5,678,180
10.96
10.94
30.74
10.47
10.44
27.75
9.69
9.66
21.03
5.65
5.64
14.60
1.81
1.80
8.88
Miscellaneous
(A) Policyholders account:
Total funds ***
Total Investments ^
Yield on investments (%)
(B) Shareholders account :
Total funds
Total Investments
Yield on investments (%)^^
Yield on total investments
Paid up equity capital
Net worth
Total assets
Earnings per share
Basic earnings per share (`)
Diluted earnings per share (`)
Book value per share (`)
# Net of reinsurance
@ Net of losses
* Inclusive of interim bonuses, if any
** Represents increase in Unit reserve
*** Includes Provision for linked liabilities
^ Includes Assets held to cover linked liabilities
^^ Investment income/((Opening investments + Closing investments)/2)
59 Schedules
101 Annexures
95
2
3
4
5
6
7
8
9
10
11
12
13
Particulars
188.7%
(100.0%)
(62.9%)
(10.2%)
(59.7%)
21.8%
70.0%
(58.6%)
(92.3%)
98.8%
(31.6%)
(74.7%)
31.1%
8.2%
(32.3%)
(4.5%)
62.6%
(17.7%)
117.0%
99.1%
18.1%
18.3%
5.0%
5.7%
1710.2%
10.8%
1746.4%
31.9%
2.2%
2.9%
1.1%
(3.4%)
53.2%
0.5%
3.6%
5.8%
0.5%
4,281,508
7.1%
0.2%
1823.8%
6.4%
0.9%
2.6%
(13.7%)
(0.8%)
(66.1%)
1.4%
4.1%
3.6%
0.4%
9,595,939
7.5%
0.3%
1859.5%
7.7%
71.7%
89.4%
45.9%
65.4%
61.7%
71.4%
90.0%
35.6%
56.6%
60.9%
* The ratio is computed based on premiums on a reducing balance basis. The denominator includes only policies paying premium at the beginning of the year.
96
44 Management Report
54 Revenue Account
57 Balance Sheet
3.43 Statement showing the Controlled fund of ICICI Prudential Life Insurance Company Limited
(` crores)
Sr.
No.
1
Particulars
59 Schedules
101 Annexures
4,346
677
283
1,001
3,615
644
307
1,198
5,543
1,749
63
3,467
1,434
82
34,169
20,332
5,948
513
504
75,128
29,749
22,113
5,736
390
508
69,243
1,429
3,367
186
4,982
(589)
(589)
4,393
79,521
1,429
3,364
48
4,841
(876)
(876)
3,965
73,208
73,208
69,879
12,429
(146)
12,283
9,208
17
95
21,603
13,538
(121)
13,417
6,180
24
541
20,162
12,074
9
5,662
627
1,928
13,288
5
2,593
765
2,038
44
20,344
24
18,713
97
(` crores)
Sr.
No.
3
3.1
3.2
Particulars
1,259
1,264
(5)
1,567
1,562
5,662
2
(1,279)
79,155
366
79,521
79,521
-
1,449
1,701
(251)
1,496
1,245
2,593
1
(564)
73,154
54
73,208
73,208
-
10,923
221
2,687
13,831
228
14,059
14,059
-
8,196
61
2,638
10,895
28
10,923
10,923
-
58,320
(226)
2,975
61,069
61,069
-
58,678
(311)
(47)
58,320
58,320
-
3,965
1,567
2
(1,279)
4,255
138
4,393
4,393
-
3,006
1,496
1
(564)
3,939
26
3,965
3,965
-
98
44 Management Report
54 Revenue Account
57 Balance Sheet
Regrouped to
Regrouped from
1.
Revenue Account
Provision for diminution in the value of investments.
2.
Revenue Account
Service tax charge on linked charges.
3.
Schedule 4
Benefits paid
4.
5.
6.
7.
Schedule 12
Advances and Other assets:
Balances due to reinsurance companies is grossed up
to show below separately
- Due from other entities carrying on insurance business
(including reinsurers);
- Balances due to reinsurance companies.
Schedule 13
Current Liabilities:
Unallocated premium.
Revenue Account
Loss on sale/redemption of
investments.
Revenue account
Operating expenses relating
to insurance business.
Schedule 3
Operating expenses related
to Insurance business
Profit & Loss account
Amount transferred from
Policyholders account
(Technical account) net.
Balance Sheet
Debit balance in Profit &
Loss Account
Amount
(` 000)
Reason
98,743
3,181,135
74,079
5,412,458
2,880,113
Schedule 13
Current Liabilities: Balances
due to reinsurance
companies.
16,253
Schedule 13
Current Liabilities:
Unclaimed amount of
Policyholders.
Schedule 13
Current Liabilities:
Other liabilities.
84,729
14,819
8.
Schedule 13
Current Liabilities:
Service tax payable.
9.
8,271
9,722,257
11,931
Sanjiv V. Pilgaonkar
Partner
Membership No. 39826
Chanda Kochhar
Chairperson
V. Sridar
Director
K. Ramkumar
Director
Sandeep Bakhshi
Managing Director and CEO
Sandeep Batra
Executive Director
Satyan Jambunathan
Appointed Actuary
Binay Agarwala
Executive Vice President
Sanaulla Khan
Company Secretary
Place : Mumbai
Date : April 22, 2014
59 Schedules
101 Annexures
99
STATEMENT PURSUANT TO SECTION 212 OF THE COMPANIES ACT, 1956, RELATING TO SUBSIDIARY COMPANIES
Sr. No.
Particulars
Number of equity shares held by ICICI Prudential Life Insurance Company Limited and/or
its nominees in the subsidiary as on March 31, 2014
The net aggregate amount of profits/(losses) of the subsidiary so far as it concerns the
members of ICICI Prudential Life Insurance Company Limited and is not dealt with in the
accounts of ICICI Prudential Life Insurance Company Limited (` in 000)
100.0%
100.0%
(10,658)
(1,041)
- for the previous financial years of the subsidiary since it became a subsidiary
(1,626)
(585)
The net aggregate amount of profits/(losses) of the subsidiary so far as it concerns the
members of ICICI Prudential Life Insurance Company Limited dealt with in the accounts
of ICICI Prudential Life Insurance Company Limited (` in 000)
- for the financial year ended March 31, 2014
- for the previous financial years of the subsidiary since it became a subsidiary
NIL
NIL
Not applicable
Not applicable
V. Sridar
Director
K. Ramkumar
Director
Sandeep Bakhshi
Managing Director and CEO
Sandeep Batra
Executive Director
Satyan Jambunathan
Appointed Actuary
Binay Agarwala
Executive Vice President
Sanaulla Khan
Company Secretary
Place : Mumbai
Date : April 22, 2014
100
44 Management Report
54 Revenue Account
57 Balance Sheet
59 Schedules
Sources of funds
Policyholders' funds
Policyholder contribution
Revenue account
Total
Application of funds
Investments
Current assets
Less: Current liabilities and provisions
Net current assets
Total
(a) Net asset as per balance sheet (total assets
less current liabilities and provisions) (` '000)
(b) Number of Units outstanding ( in '000)
(c) NAV per unit (a)/(b) (`)
Particulars
Sources of funds
Policyholders' funds
Policyholder contribution
Revenue account
Total
Application of funds
Investments
Current assets
Less: Current liabilities and provisions
Net current assets
Total
(a) Net asset as per balance sheet (total assets
less current liabilities and provisions) (` '000)
(b) Number of Units outstanding ( in '000)
(c) NAV per unit (a)/(b) (`)
Particulars
101 Annexures
17,232,819
13,971
17,709
(3,738)
17,229,081
17,229,081
981,796
17.55
281,412
9,411
355
9,056
290,468
290,468
17,721
16.39
F-2
F-3
F-4
4,698,261
12,530,820
17,229,081
237,412
53,056
290,468
F-1
Schedule
647
14.41
Flexi
Growth
Fund
ULIF 026
20/03/07
LFlexiGro1
105
267,362
42.66
7,737
1,602
12
1,590
9,327
9,327
F-2
F-3
F-4
Flexi
Balanced
Fund IV
ULIF 040
27/08/07
LFlexiBal4
105
11,152,110
271,732
17,583
254,149
11,406,259
11,406,259
8,623
704
9,327
(568,534)
11,974,793
11,406,259
Balancer
Fund
ULIF 002
22/10/01
LBalancer1
105
F-1
Schedule
Anmol
Nivesh Fund
ULIF 072
28/04/09
LAnmolNiv
105
ANNEXURE 1 :
ANNEXURES
568,432
18.31
10,233,032
177,045
1,959
175,086
10,408,118
10,408,118
7,530,890
2,877,228
10,408,118
ULIF 027
20/03/07
LFlexiGro2
105
Flexi Growth
Fund II
126,304
30.19
3,728,359
91,699
6,369
85,330
3,813,689
3,813,689
28,517
3,785,172
3,813,689
Balancer
Fund II
ULIF 014
17/05/04
LBalancer2
105
49,183
17.50
857,609
10,038
6,837
3,201
860,810
860,810
347,459
513,351
860,810
Flexi
Growth
Fund III
ULIF 028
20/03/07
LFlexiGro3
105
14,213
19.72
273,830
11,107
4,625
6,482
280,312
280,312
(28,039)
308,351
280,312
Balancer
Fund III
ULIF 023
13/03/06
LBalancer3
105
616,382
15.61
9,622,608
15,692
16,902
(1,210)
9,621,398
9,621,398
6,682,907
2,938,491
9,621,398
ULIF 038
27/08/07
LFlexiGro4
105
Flexi Growth
Fund IV
56,562
18.16
1,005,411
21,904
127
21,777
1,027,188
1,027,188
842,519
184,669
1,027,188
Balancer
Fund IV
ULIF 039
27/08/07
LBalancer4
105
136,137
20.46
2,692,893
93,185
602
92,583
2,785,476
2,785,476
1,996,878
788,598
2,785,476
2,894,073
11.23
31,727,642
1,166,994
397,684
769,310
32,496,952
32,496,952
31,986,108
510,844
32,496,952
ULIF 116
15/03/11
LHighNavB
105
Highest NAV
Fund B
1,310,160
13.89
17,189,279
1,012,562
3,026
1,009,536
18,198,815
18,198,815
17,987,227
211,588
18,198,815
ULIF 089
24/11/09
LIncome
105
Income Fund
194,159
12.03
2,308,072
27,313
384
26,929
2,335,001
2,335,001
2,269,315
65,686
2,335,001
259,281
19.54
4,885,682
181,017
806
180,211
5,065,893
5,065,893
4,261,929
803,964
5,065,893
ULIF 020
03/01/05
LInvCash
105
Invest Shield
Cash Fund
882,191
12.79
11,308,552
87,830
117,466
(29,636)
11,278,916
11,278,916
10,493,615
785,301
11,278,916
Discontinued
Fund - Life
ULIF 100
01/07/10
LDiscont
105
111,649
23.24
2,524,745
69,930
402
69,528
2,594,273
2,594,273
1,954,263
640,010
2,594,273
ULIF 018
03/01/05
LInvShld
105
Invest Shield
Fund - Life
1,577,172
13.39
20,880,258
632,561
398,842
233,719
21,113,977
21,113,977
19,488,852
1,625,125
21,113,977
Dynamic P/E
Fund
ULIF 097
11/01/10
LDynmicPE
105
59,825
10.64
585,296
106,529
55,185
51,344
636,640
636,640
625,526
11,114
636,640
ULIF 134
19/09/13
LGF
105
Life Growth
Fund
62,436
16.72
1,017,946
26,479
290
26,189
1,044,135
1,044,135
552,162
491,973
1,044,135
Flexi Balanced
Fund
ULIF 031
20/03/07
LFlexiBal1
105
52,325
10.12
412,058
117,664
101
117,563
529,621
529,621
533,874
(4,253)
529,621
ULIF 135
19/09/13
LSF
105
Life Secure
Fund
41,943
18.52
760,425
16,509
231
16,278
776,703
776,703
565,644
211,059
776,703
Flexi Balanced
Fund II
ULIF 032
20/03/07
LFlexiBal2
105
482,448
86.12
41,359,494
255,523
64,213
191,310
41,550,804
41,550,804
(6,621,786)
48,172,590
41,550,804
ULIF 001
22/10/01
LMaximis1
105
Maximiser
Fund
(` 000)
3,739
16.49
62,312
2,932
3,609
(677)
61,635
61,635
27,383
34,252
61,635
Flexi Balanced
Fund III
ULIF 033
20/03/07
LFlexiBal3
105
(` 000)
101
102
44 Management Report
54 Revenue Account
Sources of funds
Policyholders' funds
Policyholder contribution
Revenue account
Total
Application of funds
Investments
Current assets
Less: Current liabilities and provisions
Net current assets
Total
(a) Net asset as per balance sheet (total assets
less current liabilities and provisions) (` '000)
(b) Number of Units outstanding ( in '000)
(c) NAV per unit (a)/(b) (`)
Particulars
Sources of funds
Policyholders' funds
Policyholder contribution
Revenue account
Total
Application of funds
Investments
Current assets
Less: Current liabilities and provisions
Net current assets
Total
(a) Net asset as per balance sheet (total assets
less current liabilities and provisions) (` '000)
(b) Number of Units outstanding ( in '000)
(c) NAV per unit (a)/(b) (`)
Particulars
10,814,664
244,052
172,441
71611
10,886,275
10,886,275
850,665
12.80
3,749,977
63,625
8,991
54,634
3,804,611
3,804,611
290,593
13.09
F-2
F-3
F-4
10,385,997
500,278
10,886,275
ULIF 081
26/10/09
LPinnacle
105
3,565,951
238,660
3,804,611
ULIF 086
24/11/09
LOpport
105
F-1
Schedule
Pinnacle
Fund
78,318
21.91
210,923
49.72
Opportunities
Fund
1,713,077
11,755
8,574
3,181
1,716,258
1,716,258
10,455,990
55,636
24,389
31,247
10,487,237
10,487,237
F-2
F-3
F-4
(547,065)
2,263,323
1,716,258
ULIF 022
13/03/06
LMaximis3
105
(1,768,897)
12,256,134
10,487,237
ULIF 012
17/05/04
LMaximis2
105
Maximiser
Fund III
F-1
Schedule
Maximiser
Fund II
57 Balance Sheet
547,052
10.57
5,699,964
174,581
89,611
84,970
5,784,934
5,784,934
5,607,674
177,260
5,784,934
ULIF 105
26/10/10
LPinnacle2
105
Pinnacle
Fund II
28,584
17.77
506,463
3,418
1,883
1,535
507,998
507,998
195,444
312,554
507,998
ULIF 037
27/08/07
LMaximis4
105
Maximiser
Fund IV
350,647
21.36
7,362,800
127,288
693
126,595
7,489,395
7,489,395
5,709,522
1,779,873
7,489,395
ULIF 010
17/05/04
LPreserv1
105
Preserver
Fund
656,684
14.64
9,527,455
290,689
201,821
88,868
9,616,323
9,616,323
8,731,809
884,514
9,616,323
ULIF 114
15/03/11
LMaximis5
105
Maximiser
Fund V
21,078
19.13
344,570
58,770
34
58,736
403,306
403,306
309,183
94,123
403,306
ULIF 021
13/03/06
LPreserv3
105
Preserver
Fund III
761,949
14.09
10,088,649
645,278
956
644,322
10,732,971
10,732,971
10,430,169
302,802
10,732,971
ULIF 090
24/11/09
LMoneyMkt
105
Money
Market Fund
1,236,226
13.27
16,254,305
154,118
2,780
151,338
16,405,643
16,405,643
15,441,308
964,335
16,405,643
46,648
17.20
734,768
67,786
74
67,712
802,480
802,480
741,032
61,448
802,480
ULIF 036
27/08/07
LPreserv4
105
Preserver
Fund IV
345,225
25.52
8,554,272
257,297
1,667
255,630
8,809,902
8,809,902
4,314,794
4,495,108
8,809,902
ULIF 003
22/10/01
LProtect1
105
Protector
Fund
209,085
13.48
2,760,975
82,021
25,525
56,496
2,817,471
2,817,471
2,588,089
229,382
2,817,471
197,973
20.43
3,886,873
157,933
393
157,540
4,044,413
4,044,413
2,207,536
1,836,877
4,044,413
ULIF 016
17/05/04
LProtect2
105
Protector
Fund II
673,109
11.79
7,877,911
85,954
26,949
59,005
7,936,916
7,936,916
2,440,321
5,496,595
7,936,916
ULIF 042
22/11/07
LMultip1
105
Multiplier
Fund
24,383
18.01
415,004
24,133
82
24,051
439,055
439,055
201,373
237,682
439,055
ULIF 024
13/03/06
LProtect3
105
Protector
Fund III
141,402
13.68
1,930,005
5,105
357
4,748
1,934,753
1,934,753
1,417,637
517,116
1,934,753
ULIF 044
25/02/08
LMultip2
105
Multiplier
Fund II
233,528
17.23
3,889,802
135,351
393
134,958
4,024,760
4,024,760
3,353,285
671,475
4,024,760
ULIF 041
27/08/07
LProtect4
105
Protector
Fund IV
9,308
13.01
119,523
1,622
90
1,532
121,055
121,055
49,412
71,643
121,055
ULIF 046
25/02/08
LMultip3
105
Multiplier
Fund III
14.93
15,193
15,193
-
(129,411)
129,411
-
Return
Guarantee
Fund
ULIF 054
18/12/08
LRGF1
105
65,289
13.58
886,512
789
879
(90)
886,422
886,422
615,690
270,732
886,422
ULIF 047
25/02/08
LMultip4
105
Multiplier
Fund IV
14.75
12,539
12,539
-
(124,892)
124,892
-
Return
Guarantee
Fund II
ULIF 063
27/01/09
LRGF(T2)
105
(` 000)
152,522
19.65
2,924,952
72,147
465
71,682
2,996,634
2,996,634
2,212,868
783,766
2,996,634
New Invest
Shield Balanced
Fund
ULIF 025
21/08/06
LInvShldNw
105
(` 000)
59 Schedules
Sources of funds
Policyholders' funds
Policyholder contribution
Revenue account
Total
Application of funds
Investments
Current assets
Less: Current liabilities and provisions
Net current assets
Total
(a) Net asset as per balance sheet (total assets
less current liabilities and provisions) (` '000)
(b) Number of Units outstanding ( in '000)
(c) NAV per unit (a)/(b) (`)
Particulars
Sources of funds
Policyholders' funds
Policyholder contribution
Revenue account
Total
Application of funds
Investments
Current assets
Less: Current liabilities and provisions
Net current assets
Total
(a) Net asset as per balance sheet (total assets
less current liabilities and provisions) (` '000)
(b) Number of Units outstanding ( in '000)
(c) NAV per unit (a)/(b) (`)
Particulars
1,189,640
218,029
1,407,669
1,265,909
142,020
260
141,760
1,407,669
1,407,669
112,466
12.52
F-2
F-3
F-4
4,057,474
2,504,213
6,561,687
RICH Fund
12,064
12.41
140,389
9,335
64
9,271
149,660
149,660
123,162
26,498
149,660
Return
Guarantee
Fund IX
(10 Yrs)
ULIF 107
22/12/10
LRGF(S2)
105
F-1
Schedule
14.34
14.77
Return Guarantee
Fund XI (5 Yrs)
ULIF 120 17/03/11
LRGF(T11)
105
149,988
15,083
165,071
(149,988)
-
2,599
2,599
-
F-2
F-3
F-4
(44,385)
44,385
-
ULIF 069
31/03/09
LRGF(T4)
105
(124,669)
124,669
-
ULIF 066
26/02/09
LRGF(T3)
105
Return
Guarantee
Fund IV
F-1
Schedule
Return
Guarantee
Fund III
101 Annexures
530,857
15.64
8,295,127
8,651
1,529
7,122
8,302,249
8,302,249
7,330,654
971,595
8,302,249
25,497
14.87
377,264
1,907
105
1802
379,066
379,066
124,603
254,463
379,066
2,392
13.29
26,979
4,892
79
4,813
31,792
31,792
26,116
5,676
31,792
ULIF 082
16/11/09
LRGF(T7)
105
Return
Guarantee
Fund VII
263,137
15.62
4,094,410
18,271
2,316
15,955
4,110,365
4,110,365
3,519,074
591,291
4,110,365
ULIF 051
17/03/08 LRICH4
105
RICH Fund IV
5,407
13.75
62,716
11,840
178
11,662
74,378
74,378
57,118
17,260
74,378
ULIF 078
17/06/09
LRGF(T6)
105
Return
Guarantee
Fund VI
4,828
13.79
60,565
6,222
219
6,003
66,568
66,568
54,236
12,332
66,568
ULIF 073
29/04/09
LRGF(T5)
105
Return
Guarantee
Fund V
RICH Fund II
116,397
12.61
1,363,095
105,409
536
104,873
1,467,968
1,467,968
1,190,410
277,558
1,467,968
Return
Guarantee
Fund IX
(5 Yrs)
ULIF 106
22/12/10
LRGF(T9)
105
21,726
19.70
428,283
15,180
15,572
(392)
427,891
427,891
289,594
138,297
427,891
ULIF 007
11/08/03
LSecPlus 105
24,210
12.48
281,094
21,493
402
21,091
302,185
302,185
247,012
55,173
302,185
Return
Guarantee
Fund VIII
(10 Yrs)
ULIF 104
12/10/10
LRGF(S1)
105
3,088
14.28
43,399
706
7
699
44,098
44,098
40,293
3,805
44,098
237,438
12.67
2,765,288
244,656
707
243,949
3,009,237
3,009,237
2,457,631
551,606
3,009,237
Return
Guarantee
Fund X
(5 Yrs)
ULIF 111
13/01/11
LRGF(T10)
105
12,780
13.68
171,147
4,139
490
3,649
174,796
174,796
164,000
10,796
174,796
Secure Save
Guarantee Fund
ULIF 076 29/05/09
LSSavGtee
105
40,987
12.39
471,191
36,634
121
36,513
507,704
507,704
427,127
80,577
507,704
Return
Guarantee
Fund X
(10 Yrs)
ULIF 112
13/01/11
LRGF(S3)
105
Secure Save
Builder Fund
ULIF 077 29/05/09
LSSavBuil
105
87,457
12.65
1,041,726
64,519
204
64,315
1,106,041
1,106,041
890,353
215,688
1,106,041
Return
Guarantee
Fund VIII
(5 Yrs)
ULIF 103
12/10/10
LRGF(T8)
105
330,243,014
7,895,939
1,928,221
5,967,718
336,210,732
336,210,732
205,890,871
130,319,861
336,210,732
Total
(` 000)
1,914
12.06
21,570
1,509
4
1,505
23,075
23,075
21,594
1,481
23,075
Return
Guarantee
Fund XI
(10 Yrs)
ULIF 121
19/04/11
LRGF(S4)
105
(` 000)
103
104
44 Management Report
54 Revenue Account
Sources of funds
Policyholders' funds
Policyholder contribution
Revenue account
Total
Application of funds
Investments
Current assets
Less: Current liabilities and provisions
Net current assets
Total
(a) Net asset as per balance sheet (total assets
less current liabilities and provisions) (` '000)
(b) Number of Units outstanding ( in '000)
(c) NAV per unit (a)/(b) (`)
Particulars
Sources of funds
Policyholders' funds
Policyholder contribution
Revenue account
Total
Application of funds
Investments
Current assets
Less: Current liabilities and provisions
Net current assets
Total
(a) Net asset as per balance sheet (total assets
less current liabilities and provisions) (` '000)
(b) Number of Units outstanding ( in '000)
(c) NAV per unit (a)/(b) (`)
Particulars
10,093,241
301,382
24,690
276,692
10,369,933
10,369,933
754,267
13.75
448,403
13,443
20,034
(6,591)
441,812
441,812
37,830
11.68
F-2
F-3
F-4
9,997,492
372,441
10,369,933
390,025
51,787
441,812
ULIF 127
01/12/11
PGROWTH
105
F-1
Schedule
Pension
Income
Fund
ULIF 095
11/01/10
PIncome
105
29,527
10.83
170
10.36
Pension
Growth Fund
280,567
49,271
10,058
39,213
319,780
319,780
1,788
6
32
(26)
1,762
1,762
F-2
F-3
F-4
312,157
7,623
319,780
1,709
53
1,762
ULIF 101
01/07/10
PDiscont
105
Easy
Retirement
Balanced
Fund
ULIF 132
02/11/12
ERBF
105
F-1
Schedule
Discontinued
Fund Pension
57 Balance Sheet
57,090
87.67
5,003,372
34,088
32,406
1,682
5,005,054
5,005,054
(51,752)
5,056,806
5,005,054
Pension
Maximiser
Fund
ULIF 004
03/05/02
PMaximis1
105
9,863
10.61
90,441
14,205
16
14,189
104,630
104,630
103,470
1,160
104,630
ULIF 133
02/11/12
ERSF
105
Easy
Retirement
Secure Fund
330,003
51.65
16,952,076
109,228
17,388
91,840
17,043,916
17,043,916
879,434
16,164,482
17,043,916
Pension
Maximiser
Fund II
ULIF 013
17/05/04
PMaximis2
105
22,125
23.41
503,674
14,399
80
14,319
517,993
517,993
352,658
165,335
517,993
ULIF 019
03/01/05
PInvShld
105
Invest
Shield Fund
- Pension
495,787
14.03
6,869,222
89,323
642
88,681
6,957,903
6,957,903
6,645,334
312,569
6,957,903
Pension
Money
Market Fund
ULIF 096
11/01/10
PMoneyMkt
105
153,210
35.94
5,367,338
179,897
40,480
139,417
5,506,755
5,506,755
2,683,234
2,823,521
5,506,755
ULIF 005
03/05/02
PBalancer1
105
Pension
Balancer
Fund
182,729
11.35
2,070,225
3,652
344
3,308
2,073,533
2,073,533
2,216,500
(142,967)
2,073,533
ULIF 093
11/01/10
PBluChip
105
Pension
Bluechip Fund
186,821
12.87
2,357,316
47,483
399
47,084
2,404,400
2,404,400
2,268,129
136,271
2,404,400
1,095,055
12.97
14,188,617
15,337
2,423
12,914
14,201,531
14,201,531
13,850,590
350,941
14,201,531
262,683
27.79
7,023,934
278,089
898
277,191
7,301,125
7,301,125
3,142,543
4,158,582
7,301,125
ULIF 015
17/05/04
PBalancer2
105
Pension
Balancer
Fund II
398,026
11.37
4,514,844
12,647
1,252
11,395
4,526,239
4,526,239
3,613,886
912,353
4,526,239
Pension
Multiplier
Fund
ULIF 043
25/02/08
PMultip1
105
1,186,790
13.19
15,657,759
319,172
326,022
(6,850)
15,650,909
15,650,909
15,367,101
283,808
15,650,909
ULIF 098
11/01/10
PDynmicPE
105
Pension
Dynamic P/E
Fund
195,588
12.08
2,360,615
1,578
436
1,142
2,361,757
2,361,757
1,580,090
781,667
2,361,757
Pension
Multiplier
Fund II
ULIF 045
25/02/08
PMultip2
105
63,125
16.98
1,039,757
32,400
296
32,104
1,071,861
1,071,861
842,660
229,201
1,071,861
ULIF 034
20/03/07
PFlexiBal1
105
Pension Flexi
Balanced
Fund
442,185
12.73
5,596,350
59,233
27,655
31,578
5,627,928
5,627,928
5,563,168
64,760
5,627,928
Pension
Opportunities
Fund
ULIF 092
11/01/10
POpport
105
65,890
18.33
1,172,002
35,703
149
35,554
1,207,556
1,207,556
635,845
571,711
1,207,556
ULIF 035
20/03/07
PFlexiBal2
105
Pension Flexi
Balanced
Fund II
557,464
21.15
11,576,174
217,579
1,090
216,489
11,792,663
11,792,663
10,000,093
1,792,570
11,792,663
Pension
Preserver
Fund
ULIF 011
17/05/04
PPreserv
105
1,161,911
17.29
19,844,663
246,354
5,678
240,676
20,085,339
20,085,339
13,394,404
6,690,935
20,085,339
ULIF 029
20/03/07
PFlexiGro1
105
Pension Flexi
Growth Fund
696,511
22.98
15,377,501
630,785
3,088
627,697
16,005,198
16,005,198
11,388,056
4,617,142
16,005,198
ULIF 006
03/05/02
PProtect1
105
Pension
Protector Fund
(` 000)
936,326
18.42
16,907,010
348,590
7,393
341,197
17,248,207
17,248,207
4,818,035
12,430,172
17,248,207
ULIF 030
20/03/07
PFlexiGro2
105
Pension
Flexi Growth
Fund II
(` 000)
59 Schedules
Sources of funds
Policyholders' funds
Policyholder contribution
Revenue account
Total
Application of funds
Investments
Current assets
Less: Current liabilities and provisions
Net current assets
Total
(a) Net asset as per balance sheet (total assets less
current liabilities and provisions) (` '000)
(b) Number of Units outstanding ( in '000)
(c) NAV per unit (a)/(b) (`)
Particulars
Sources of funds
Policyholders' funds
Policyholder contribution
Revenue account
Total
Application of funds
Investments
Current assets
Less: Current liabilities and provisions
Net current assets
Total
(a) Net asset as per balance sheet (total assets
less current liabilities and provisions) (` '000)
(b) Number of Units outstanding ( in '000)
(c) NAV per unit (a)/(b) (`)
Particulars
F-1
Schedule
370,105
20.23
107,547
6,939
28
6,911
114,458
114,458
9,269
12.35
12,886
12.52
93,653
20,805
114,458
149,896
11,523
30
11,493
161,389
161,389
129,766
31,623
161,389
Pension Return
Guarantee Fund II
101 Annexures
991
12.17
10,735
1,353
21
1,332
12,067
12,067
9,676
2,391
12,067
964,775
15.50
14,745,115
217,972
10,056
207,916
14,953,031
14,953,031
9,895,444
5,057,587
14,953,031
634,229
16.30
10,208,583
132,199
1,900
130,299
10,338,882
10,338,882
4,952,812
5,386,070
10,338,882
15,181
13.79
187,153
22,909
672
22,237
209,390
209,390
143,654
65,736
209,390
Pension Return
Guarantee Fund V
36,567
11.04
375,537
28,183
65
28,118
403,655
403,655
393,055
10,600
403,655
4,116
12.39
47,502
3,504
9
3,495
50,997
50,997
41,319
9,678
50,997
Pension Return
Guarantee Fund IX
(10 Yrs)
ULIF 108 22/12/10
PRGF(S2) 105
14.33
370,725
42,356
413,081
(370,725)
-
(155,288)
155,288
-
Pension Return
Guarantee Fund IV
15.07
369
369
-
(490,904)
490,904
-
Pension Return
Guarantee Fund III
Pension Return
Guarantee Fund XI
(10 Yrs)
ULIF 122 19/04/11
PRGF(S4) 105
14.94
374
374
-
(545,041)
545,041
-
Pension Return
Guarantee Fund X
(10 Yrs)
ULIF 113 13/01/11
PRGF(S3) 105
15.67
7,219,791
267,240
724
266,516
7,486,307
7,486,307
F-2
F-3
F-4
Pension Return
Guarantee Fund VIII
655
655
-
4,730,562
2,755,745
7,486,307
(539,908)
539,908
-
F-1
Schedule
Pension Return
Guarantee Fund
Pension Protector
Fund II
6,795
19.05
129,198
4,836
4,607
229
129,427
129,427
61,593
67,834
129,427
21,291
13.74
261,977
30,946
496
30,450
292,427
292,427
203,369
89,058
292,427
Pension Return
Guarantee Fund VI
199,629,068
3,837,346
956,868
2,880,478
202,509,546
202,509,546
129,336,502
73,173,044
202,509,546
Total
(` 000)
40,037
13.23
518,420
12,144
832
11,312
529,732
529,732
417,879
111,853
529,732
Pension Return
Guarantee Fund VII
(` 000)
105
106
44 Management Report
54 Revenue Account
Sources of funds
Policyholders' funds
Policyholder contribution
Revenue account
Total
Application of funds
Investments
Current assets
Less: Current liabilities and provisions
Net current assets
Total
(a) Net asset as per balance sheet (total assets
less current liabilities and provisions) (` '000)
(b) Number of Units outstanding ( in '000)
(c) NAV per unit (a)/(b) (`)
Particulars
Sources of funds
Policyholders' funds
Policyholder contribution
Revenue account
Total
Application of funds
Investments
Current assets
Less: Current liabilities and provisions
Net current assets
Total
(a) Net asset as per balance sheet (total assets
less current liabilities and provisions) (` '000)
(b) Number of Units outstanding ( in '000)
(c) NAV per unit (a)/(b) (`)
Particulars
9,357
2,164
1,484
680
10,037
10,037
978
10.26
16,604,710
695,800
2,897
692,903
17,297,613
17,297,613
590,156
29.31
F-2
F-3
F-4
10,015
22
10,037
ULGF 041
30/04/13
GBalancer2
105
10,027,311
7,270,302
17,297,613
ULGF 001
03/04/03
GBalancer
105
F-1
Schedule
Group
Balanced
Fund II
14,055
19.75
12,469
18.01
Group
Balanced
Fund
266,626
11,879
904
10,975
277,601
277,601
217,522
7,263
177
7,086
224,608
224,608
F-2
F-3
F-4
423,801
(146,200)
277,601
ULIF 060
15/01/09
HFlexiBal
105
329,352
(104,744)
224,608
ULIF 059
15/01/09
HBalancer
105
Health Flexi
Balanced
Fund
F-1
Schedule
Health
Balancer
Fund
57 Balance Sheet
4,705
19.57
88,717
3,397
24
3,373
92,090
92,090
4,768
87,322
92,090
Group
Capital
Guarantee
Balanced
Fund
ULGF 006
03/10/05
GCGBal1
105
131,516
23.54
2,968,184
166,298
38,346
127,952
3,096,136
3,096,136
4,851,604
(1,755,468)
3,096,136
ULIF 057
15/01/09
HFlexiGro
105
Health Flexi
Growth
Fund
103,016
17.98
1,780,422
72,468
387
72,081
1,852,503
1,852,503
1,180,861
671,642
1,852,503
Group
Capital
Guarantee
Balanced
Fund II
ULGF 010
21/03/07
GCGBal2
105
16,074
23.24
386,729
269
13,383
(13,114)
373,615
373,615
580,954
(207,339)
373,615
ULIF 058
15/01/09
HMultip
105
Health
Multiplier
Fund
293
10.49
2,520
555
1
554
3,074
3,074
2,970
104
3,074
Group
Capital
Guarantee
Balanced
Fund III
ULGF 049
27/08/13
GCGBal3
105
3,948
15.17
53,195
6,713
5
6,708
59,903
59,903
75,868
(15,965)
59,903
ULIF 056
15/01/09
HPreserv
105
Health
Preserver
Fund
15.86
72
72
-
40,367
(40,367)
-
14.91
41
41
-
49,047
(49,047)
-
789
23.61
18,333
285
4
281
18,614
18,614
12,973
5,641
18,614
48,648
19.63
920,494
34,456
185
34,271
954,765
954,765
465,893
488,872
954,765
1,103
10.57
11,196
473
2
471
11,667
11,667
11,368
299
11,667
60,558
15.99
939,570
28,796
94
28,702
968,272
968,272
1,486,327
(518,055)
968,272
ULIF 061
15/01/09
HProtect
105
Health
Protector
Fund
1,665
18.40
29,927
707
10
697
30,624
30,624
18,759
11,865
30,624
ULGF 008
11/12/06
GCGGrowth1
105
3,871
17.48
65,876
1,796
17
1,779
67,655
67,655
40,874
26,781
67,655
ULGF 012
05/07/07
GCGGrowth2
105
6,219
20.43
123,919
3,150
19
3,131
127,050
127,050
44,567
82,483
127,050
ULGF 005
24/02/04
GCGSTDebt1
105
220,070
17.32
3,724,469
88,131
675
87,456
3,811,925
3,811,925
2,559,122
1,252,803
3,811,925
4,416
10.33
42,947
2,688
8
2,680
45,627
45,627
44,936
691
45,627
ULGF 031
01/03/12
GCGSTDebt3
105
ULGF 009
16/03/07
GCGSTDebt2
105
(` 000)
4,844,908
222,353
61,813
160,540
5,005,448
5,005,448
7,935,375
(2,929,927)
5,005,448
Total
Group Capital
Guarantee
Short Term
Debt Fund III
85
13.27
1,074
79
21
58
1,132
1,132
4,846
(3,714)
1,132
Health
Return
Guarantee
Fund VII
ULIF 084
16/11/09
HRGF7
105
Group Capital
Guarantee
Short Term
Debt Fund II
104
13.79
1,427
52
50
2
1,429
1,429
8,252
(6,823)
1,429
Health
Return
Guarantee
Fund VI
ULIF 080
17/06/09
HRGF6
105
Group Capital
Guarantee
Short Term
Debt Fund
196
14.07
2,739
82
69
13
2,752
2,752
14,482
(11,730)
2,752
Health
Return
Guarantee
Fund V
ULIF 075
29/04/09
HRGF5
105
Group Capital
Guarantee
Growth Fund II
14.56
7,842
10
7,852
(7,842)
-
21,420
(21,420)
-
Health
Return
Guarantee
Fund IV
ULIF 071
31/03/09
HRGF4
105
Group Capital
Guarantee
Growth Fund
14.58
799
799
-
49,056
(49,056)
-
Health
Return
Guarantee
Fund III
ULIF 068
26/02/09
HRGF3
105
(` 000)
59 Schedules
Sources of funds
Policyholders' funds
Policyholder contribution
Revenue account
Total
Application of funds
Investments
Current assets
Less: Current liabilities and provisions
Net current assets
Total
(a) Net asset as per balance sheet (total assets
less current liabilities and provisions) (` '000)
(b) Number of Units outstanding ( in '000)
(c) NAV per unit (a)/(b) (`)
Particulars
Sources of funds
Policyholders' funds
Policyholder contribution
Revenue account
Total
Application of funds
Investments
Current assets
Less: Current liabilities and provisions
Net current assets
Total
(a) Net asset as per balance sheet (total assets
less current liabilities and provisions) (` '000)
(b) Number of Units outstanding ( in '000)
(c) NAV per unit (a)/(b) (`)
Particulars
19,575
13,070
4
13,066
32,641
32,641
2,241
14.56
(22,068)
27,353
5,285
4,453
833
1
832
5,285
5,285
373
14.15
F-2
F-3
F-4
(606,591)
639,232
32,641
Group Return
Guarantee Fund III
1,007
10.60
640,937
22.45
Group Return
Guarantee Fund II
10,287
393
2
391
10,678
10,678
10,072
606
10,678
13,750,985
639,117
2,343
636,774
14,387,759
14,387,759
10,729,101
3,658,658
14,387,759
F-1
Schedule
F-2
F-3
F-4
F-1
Schedule
101 Annexures
12,722
12.36
144,244
13,076
31
13,045
157,289
157,289
127,601
29,688
157,289
Group Return
Guarantee Fund - S5
193,553
42.78
8,050,968
230,544
1,320
229,224
8,280,192
8,280,192
4,613,304
3,666,888
8,280,192
46,216
12.23
526,239
38,907
121
38,786
565,025
565,025
462,930
102,095
565,025
Group Return
Guarantee Fund - S7
8
10.27
75
12
12
87
87
86
1
87
348,750
21.18
7,188,847
200,262
1,170
199,092
7,387,939
7,387,939
4,531,020
2,856,919
7,387,939
53,094
16.80
857,927
34,302
143
34,159
892,086
892,086
626,195
265,891
892,086
175,638
12.60
2,026,720
186,769
353
186,416
2,213,136
2,213,136
1,741,123
472,013
2,213,136
Group
Superannuation
Corporate Bond Fund
ULGF 015 22/12/08
GSACorBon 105
6,582
14.98
96,303
2,316
16
2,300
98,603
98,603
68,649
29,954
98,603
Group Leave
Encashment Income
Fund
ULGF 014 02/04/08
GLEIncome 105
2,540,614
57,051,122
2,338,868
11,395
2,327,473
59,378,595
59,378,595
36,952,077
22,426,518
59,378,595
Total
55,149
13.68
705,934
48,635
120
48,515
754,449
754,449
621,504
132,945
754,449
Group Leave
Encashment Short
Term Fund
ULGF 024 26/02/10
GLEST 105
591,768,112
14,294,506
2,958,297
11,336,209
603,104,321
603,104,321
380,114,825
222,989,496
603,104,321
Grand total
(` 000)
18,415
14.67
245,678
24,562
58
24,504
270,182
270,182
(375,266)
645,448
270,182
Group Return
Guarantee Fund
(` 000)
107
108
44 Management Report
54 Revenue Account
57 Balance Sheet
Opening balance
Add: Additions during the year*
Less: Deductions during the year**
Closing balance
Particulars
Opening balance
Add: Additions during the year*
Less: Deductions during the year**
Closing balance
Particulars
Opening balance
Add: Additions during the year*
Less: Deductions during the year**
Closing balance
Particulars
Opening balance
Add: Additions during the year*
Less: Deductions during the year**
Closing balance
Particulars
ULIF 086
24/11/09
LOpport 105
3,314,192
1,028,346
(776,587)
3,565,951
Opportunities
Fund
ULIF 012
17/05/04
LMaximis2 105
295,341
509,821
(2,574,059)
(1,768,897)
Maximiser
Fund II
Flexi Balanced
Fund IV
ULIF 040
27/08/07
LFlexiBal4 105
234,992
48,843
(46,423)
237,412
Maximiser
Fund III
Flexi Growth
Fund
ULIF 026
20/03/07
LFlexiGro1 105
11,100,706
1,167,617
(7,570,062)
4,698,261
ULIF 081
26/10/09
LPinnacle 105
11,567,418
157,805
(1,339,226)
10,385,997
Pinnacle Fund
Maximiser
Fund IV
Flexi Growth
Fund II
ULIF 027
20/03/07
LFlexiGro2 105
10,064,815
943,539
(3,477,464)
7,530,890
ULIF 105
26/10/10
LPinnacle2 105
4,516,015
1,455,284
(363,625)
5,607,674
Pinnacle
Fund II
Maximiser
Fund V
Flexi Growth
Fund III
ULIF 028
20/03/07
LFlexiGro3 105
755,099
26,233
(433,873)
347,459
ULIF 010
17/05/04
LPreserv1 105
2,471,058
5,747,292
(2,508,828)
5,709,522
Preserver Fund
Money Market
Fund
Flexi Growth
Fund IV
ULIF 038
27/08/07
LFlexiGro4 105
8,849,698
1,275,838
(3,442,629)
6,682,907
Balancer
Fund IV
ULIF 039
27/08/07
LBalancer4 105
796,296
199,930
(153,707)
842,519
ULIF 021
13/03/06
LPreserv3 105
132,331
304,251
(127,399)
309,183
Preserver
Fund III
ULIF 090
24/11/09
LMoneyMkt 105
2,908,816
9,183,876
(1,662,523)
10,430,169
Balancer
Fund III
ULIF 023
13/03/06
LBalancer3 105
55,360
15,005
(98,404)
(28,039)
ULIF 114
15/03/11
LMaximis5 105
2,959,864
6,525,176
(753,231)
8,731,809
Balancer
Fund II
ULIF 014
17/05/04
LBalancer2 105
346,386
335,019
(652,888)
28,517
ULIF 037
27/08/07
LMaximis4 105
386,857
32,572
(223,985)
195,444
ULIF 002
22/10/01
LBalancer1 105
1,328,064
585,465
(2,482,063)
(568,534)
Balancer Fund
ULIF 022
13/03/06
LMaximis3 105
77,944
6,328
(631,337)
(547,065)
Anmol Nivesh
Fund
ULIF 072
28/04/09
LAnmolNiv 105
6,285
2,956
(618)
8,623
SCHEDULE F - 1
ULIF 008
11/08/03
LCashPlus 105
2,035,946
236,849
(275,917)
1,996,878
ULIF 085
24/11/09
LMCapGro 105
12,789,134
5,026,883
(2,374,709)
15,441,308
Multi Cap
Growth Fund
ULIF 036
27/08/07
LPreserv4 105
237,755
755,964
(252,687)
741,032
Preserver
Fund IV
ULIF 003
22/10/01
LProtect1 105
4,832,758
2,696,319
(3,214,283)
4,314,794
Protector Fund
ULIF 088
24/11/09
LMCapBal 105
1,672,511
1,116,659
(201,081)
2,588,089
Multi Cap
Balanced Fund
ULIF 087
24/11/09
LBluChip 105
1,775,441
859,779
(365,905)
2,269,315
Bluechip Fund
ULIF 016
17/05/04
LProtect2 105
2,152,172
1,241,398
(1,186,034)
2,207,536
Protector
Fund II
ULIF 042
22/11/07
LMultip1 105
6,053,770
515,977
(4,129,426)
2,440,321
Multiplier
Fund
Invest Shield
Cash Fund
ULIF 020
03/01/05
LInvCash 105
4,382,091
383,784
(503,946)
4,261,929
Discontinued
Fund - Life
ULIF 100
01/07/10
LDiscont 105
4,126,244
6,378,234
(10,863)
10,493,615
ULIF 024
13/03/06
LProtect3 105
226,830
157,991
(183,448)
201,373
Protector
Fund III
ULIF 044
25/02/08
LMultip2 105
1,855,935
192,697
(630,995)
1,417,637
Multiplier
Fund II
Invest Shield
Fund - Life
ULIF 018
03/01/05
LInvShld 105
1,853,727
202,097
(101,561)
1,954,263
Dynamic P/E
Fund
ULIF 097
11/01/10
LDynmicPE 105
17,801,077
4,880,979
(3,193,204)
19,488,852
ULIF 041
27/08/07
LProtect4 105
3,458,872
973,849
(1,079,436)
3,353,285
Protector
Fund IV
ULIF 046
25/02/08
LMultip3 105
102,006
10,024
(62,618)
49,412
Multiplier
Fund III
626,282
(756)
625,526
Life Growth
Fund
ULIF 134
19/09/13
LGF 105
Flexi Balanced
Fund
ULIF 031
20/03/07
LFlexiBal1 105
789,191
76,994
(314,023)
552,162
Return
Guarantee
Fund
ULIF 054
18/12/08
LRGF1 105
348,452
19
(477,882)
(129,411)
ULIF 047
25/02/08
LMultip4 105
858,050
112,769
(355,129)
615,690
Multiplier
Fund IV
534,001
(127)
533,874
Life Secure
Fund
ULIF 135
19/09/13
LSF 105
Flexi Balanced
Fund II
ULIF 032
20/03/07
LFlexiBal2 105
671,404
76,518
(182,278)
565,644
Return
Guarantee
Fund II
ULIF 063
27/01/09
LRGF(T2) 105
404,423
72
(529,387)
(124,892)
(` 000)
New Invest
Shield Balanced
Fund
ULIF 025
21/08/06
LInvShldNw 105
2,299,567
187,579
(274,278)
2,212,868
(` 000)
Maximiser
Fund
ULIF 001
22/10/01
LMaximis1 105
3,827,817
2,073,702
(12,523,305)
(6,621,786)
(` 000)
Flexi Balanced
Fund III
ULIF 033
20/03/07
LFlexiBal3 105
33,993
17,895
(24,505)
27,383
(` 000)
59 Schedules
101 Annexures
Opening balance
Add: Additions during the year*
Less: Deductions during the year**
Closing balance
* Represents unit creation
** Represents unit cancellations
Particulars
Opening balance
Add: Additions during the year*
Less: Deductions during the year**
Closing balance
* Represents unit creation
** Represents unit cancellations
Particulars
Opening balance
Add: Additions during the year*
Less: Deductions during the year**
Closing balance
* Represents unit creation
** Represents unit cancellations
Particulars
Opening balance
Add: Additions during the year*
Less: Deductions during the year**
Closing balance
* Represents unit creation
** Represents unit cancellations
Particulars
Pension
Income Fund
ULIF 095
11/01/10
PIncome 105
9,126,507
3,048,242
(2,177,257)
9,997,492
ULIF 127
01/12/11
PGROWTH 105
208,805
205,211
(23,991)
390,025
Easy
Retirement
Balanced Fund
ULIF 132
02/11/12 ERBF
105
312,279
(122)
312,157
Pension
Maximiser
Fund
ULIF 004
03/05/02
PMaximis1 105
1,611,858
229,716
(1,893,326)
(51,752)
Pension
Maximiser
Fund II
ULIF 013
17/05/04
PMaximis2 105
4,934,882
967,526
(5,022,974)
879,434
ULIF 019
03/01/05
PInvShld 105
340,327
40,839
(28,508)
352,658
Invest Shield
Fund - Pension
7,258,384
657,956
(3,858,866)
4,057,474
ULIF 096
11/01/10
PMoneyMkt 105
2,589,069
5,280,556
(1,224,291)
6,645,334
Pension Money
Market Fund
ULIF 005
03/05/02
PBalancer1 105
4,203,587
483,188
(2,003,541)
2,683,234
Pension
Balancer Fund
9,421,890
906,450
(2,997,686)
7,330,654
4,357,675
618,475
(1,457,076)
3,519,074
ULIF 093
11/01/10
PBluChip 105
2,658,632
263,622
(705,754)
2,216,500
Pension
Bluechip Fund
ULIF 015
17/05/04
PBalancer2 105
4,057,316
776,849
(1,691,622)
3,142,543
Pension
Balancer Fund II
325,876
35,795
(237,068)
124,603
ULIF 043
25/02/08
PMultip1 105
5,335,413
416,526
(2,138,053)
3,613,886
Pension
Multiplier Fund
Pension
Dynamic P/E
Fund
ULIF 098
11/01/10
PDynmicPE 105
19,505,956
1,973,285
(6,112,140)
15,367,101
ULIF 045
25/02/08
PMultip2 105
2,655,444
284,646
(1,360,000)
1,580,090
Pension
Multiplier Fund II
ULIF 034
20/03/07
PFlexiBal1 105
1,044,945
114,436
(316,721)
842,660
Pension Flexi
Balanced Fund
348,533
36,879
(95,818)
289,594
Pension
Opportunities
Fund
ULIF 092
11/01/10
POpport 105
7,222,871
661,754
(2,321,457)
5,563,168
Pension Flexi
Balanced
Fund II
ULIF 035
20/03/07
PFlexiBal2 105
903,099
128,813
(396,067)
635,845
37,865
6,959
(4,531)
40,293
(` 000)
ULIF 011
17/05/04
PPreserv 105
4,592,211
9,944,651
(4,536,769)
10,000,093
Pension
Preserver Fund
ULIF 029
20/03/07
PFlexiGro1 105
19,379,582
2,351,963
(8,337,141)
13,394,404
Pension Flexi
Growth Fund
155,290
28,811
(20,101)
164,000
ULIF 006
03/05/02
PProtect1 105
13,081,708
3,556,131
(5,249,783)
11,388,056
Pension
Protector Fund
(` 000)
ULIF 030
20/03/07
PFlexiGro2 105
11,576,602
1,485,950
(8,244,517)
4,818,035
Pension Flexi
Growth Fund II
(` 000)
196,736,310
86,911,481
(77,756,920)
205,890,871
Total
(` 000)
Return
Return
Guarantee Fund Guarantee Fund X
X (10 Yrs)
(5 Yrs)
ULIF 112
ULIF 111
13/01/11
13/01/11
LRGF(S3) 105
LRGF(T10) 105
434,817
2,483,010
123
(7,690)
(25,502)
427,127
2,457,631
Secure Save
Guarantee Fund
ULIF 076 29/05/09
LSSavGtee 105
ULIF 103
12/10/10
LRGF(T8) 105
911,097
(20,744)
890,353
Return Guarantee
Fund VIII (5 Yrs)
Secure Save
Builder Fund
ULIF 077 29/05/09
LSSavBuil 105
Return
Guarantee Fund
VIII (10 Yrs)
ULIF 104
12/10/10
LRGF(S1) 105
253,616
25
(6,629)
247,012
ULIF 082
16/11/09
LRGF(T7) 105
32,955
7
(6,846)
26,116
Return Guarantee
Fund VII
RICH Fund IV
ULIF 073
29/04/09
LRGF(T5) 105
76,838
158
(22,760)
54,236
Return Guarantee
Fund V
RICH Fund II
ULIF 106
22/12/10
LRGF(T9) 105
1,202,548
(12,138)
1,190,410
Return Guarantee
Fund IX (5 Yrs)
RICH Fund
Easy
Retirement
Secure Fund
ULIF 133
02/11/12 ERSF
105
103,520
(50)
103,470
1,217,761
(28,121)
1,189,640
Pension
Growth Fund
1,709
1,709
ULIF 101
01/07/10
PDiscont 105
Discontinued
Fund - Pension
22,730
1
(1,137)
21,594
Return Guarantee
Fund XI (5 Yrs)
ULIF 120 17/03/11
LRGF(T11) 105
ULIF 107
22/12/10
LRGF(S2) 105
125,537
(2,375)
123,162
ULIF 069
31/03/09
LRGF(T4) 105
151,905
85
(196,375)
(44,385)
ULIF 066
26/02/09
LRGF(T3) 105
373,150
46
(497,865)
(124,669)
Return Guarantee
Fund XI (10 Yrs)
ULIF 121 19/04/11
LRGF(S4) 105
Return Guarantee
Fund IX (10 Yrs)
Return Guarantee
Fund IV
Return Guarantee
Fund III
SCHEDULE F - 1
109
110
44 Management Report
54 Revenue Account
57 Balance Sheet
Opening balance
Add: Additions during the year*
Less: Deductions during the year**
Closing balance
Particulars
Opening balance
Add: Additions during the year*
Less: Deductions during the year**
Closing balance
Particulars
Opening balance
Add: Additions during the year*
Less: Deductions during the year**
Closing balance
Particulars
ULGF 041
30/04/13
GBalancer2
105
ULGF 001
03/04/03
GBalancer
105
10,309,917
1,743,122
(2,025,728)
10,027,311
10,015
10,015
Group
Balanced
Fund II
ULIF 060
15/01/09
HFlexiBal
105
295,009
136,739
(7,947)
423,801
ULIF 059
15/01/09
HBalancer
105
244,297
92,032
(6,977)
329,352
Group
Balanced
Fund
Health Flexi
Balanced
Fund
Health
Balancer
Fund
Group
Capital
Guarantee
Balanced
Fund
ULGF 006
03/10/05
GCGBal1
105
20,042
4,738
(20,012)
4,768
ULIF 057
15/01/09
HFlexiGro
105
3,835,480
1,199,994
(183,870)
4,851,604
Health Flexi
Growth Fund
Group
Capital
Guarantee
Balanced
Fund II
ULGF 010
21/03/07
GCGBal2
105
1,137,435
165,695
(122,269)
1,180,861
ULIF 058
15/01/09
HMultip
105
472,032
132,301
(23,379)
580,954
Health
Multiplier
Fund
2,970
2,970
Group Capital
Guarantee
Debt Fund II
11,379
(11)
11,368
ULGF 048
27/08/13
GCGDebt3
105
Group
Capital
Guarantee
Debt Fund III
ULGF 007
ULGF 011
28/10/05
21/03/07
GCGDebt1 GCGDebt2 105
105
9,010
509,518
5,026
69,356
(1,063)
(112,981)
12,973
465,893
Group
Capital
Guarantee
Debt Fund
ULIF 061
15/01/09
HProtect
105
1,113,555
419,299
(46,527)
1,486,327
ULIF 056
15/01/09
HPreserv
105
40,987
37,826
(2,945)
75,868
Group
Capital
Guarantee
Balanced
Fund III
ULGF 049
27/08/13
GCGBal3
105
Health
Protector
Fund
Health
Preserver
Fund
ULGF 008
11/12/06
GCGGrowth1
105
19,078
2,459
(2,778)
18,759
Group Capital
Guarantee
Growth Fund
ULIF 068
26/02/09
HRGF3
105
65,501
2
(16,447)
49,056
Health Return
Guarantee
Fund III
ULGF 012
05/07/07
GCGGrowth2
105
37,550
14,082
(10,758)
40,874
Group Capital
Guarantee
Growth Fund II
ULIF 071
31/03/09
HRGF4
105
30,263
(8,843)
21,420
Group
Capital
Guarantee
Short Term
Debt Fund
ULGF 005
24/02/04
GCGSTDebt1
105
38,595
11,109
(5,137)
44,567
Health
Return
Guarantee
Fund V
ULIF 075
29/04/09
HRGF5
105
15,186
19
(723)
14,482
Pension Return
Guarantee Fund V
Health Return
Guarantee
Fund IV
Pension Return
Guarantee Fund IV
Pension Return
Guarantee Fund III
Pension Return
Guarantee Fund II
Pension Return
Pension Return
Guarantee Fund VIII
Guarantee Fund X (10 Yrs)
ULIF 102 12/10/10
ULIF 113 13/01/11
PRGF(S1) 105
PRGF(S3) 105
130,414
96,207
12
(660)
(2,554)
129,766
93,653
Opening balance
Add: Additions during the year*
Less: Deductions during the year**
Closing balance
Pension Return
Guarantee Fund
Pension Protector
Fund II
Particulars
SCHEDULE F - 1
Group
Capital
Guarantee
Short Term
Debt Fund II
ULGF 009
16/03/07
GCGSTDebt2
105
2,103,029
836,216
(380,123)
2,559,122
Health
Return
Guarantee
Fund VI
ULIF 080
17/06/09
HRGF6
105
8,657
30
(435)
8,252
Group
Capital
Guarantee
Short Term
Debt Fund III
ULGF 031
01/03/12
GCGSTDebt3
105
44,936
44,936
ULIF 084
16/11/09
HRGF7
105
4,981
(135)
4,846
10,867,357
1,967,477
(2,105,733)
10,729,101
ULGF 002
03/04/03
GDebt 105
Group Debt
Fund
(` 000)
6,241,468
2,019,083
(325,175)
7,935,376
Total
(` 000)
170,606,942
40,551,755
(81,822,195)
129,336,502
Total
(` 000)
Pension Return
Guarantee Fund VII
Health Return
Guarantee
Fund VII
Pension Return
Guarantee Fund VI
(` 000)
59 Schedules
Opening balance
Add: Additions during the year*
Less: Deductions during the year**
Closing balance
* Represents unit creation
** Represents unit cancellations
Particulars
Opening balance
Add: Additions during the year*
Less: Deductions during the year**
Closing balance
* Represents unit creation
** Represents unit cancellations
Particulars
ULGF 004 30/10/03
GGrowth 105
4,919,441
509,236
(815,373)
4,613,304
10,072
10,072
SCHEDULE F - 1
86
86
Group Superannuation
Corporate Bond Fund
Total
39,742,464
8,432.221
(11,222,608)
36,952,077
413,327,184
137,914,540
(171,126,898)
380,114,826
Grand Total
(` 000)
(` 000)
101 Annexures
111
112
44 Management Report
54 Revenue Account
57 Balance Sheet
Money market
Mutual funds
Venture fund
Total
Grand total
% of approved investments to Total
% of other investments to Total
Approved investments
Government bonds
Corporate bonds
Infrastructure bonds
Equity
Money market
Mutual funds
Deposit with banks
Preference shares
Total
Other investments
Corporate bonds
Infrastructure bonds
Equity
Particulars
Money market
Mutual funds
Venture fund
Total
Grand total
% of approved investments to Total
% of other investments to Total
Approved investments
Government bonds
Corporate bonds
Infrastructure bonds
Equity
Money market
Mutual funds
Deposit with banks
Preference shares
Total
Other investments
Corporate bonds
Infrastructure bonds
Equity
Particulars
696,685
17,232,819
95.96%
4.04%
696,685
11,452
11,452
281,412
95.93%
4.07%
16,339,835
188,300
7,999
16,536,134
Flexi Growth
Fund
ULIF 026
20/03/07
LFlexiGro1 105
32,751
54,137
5,927
147,970
8,485
746
19,900
44
269,960
Flexi Balanced
Fund IV
ULIF 040
27/08/07
LFlexiBal4 105
404,472
10,233,032
96.05%
3.95%
404,472
9,816,617
10,116
1,827
9,828,560
33,121
857,609
96.14%
3.86%
33,121
818,728
5,551
209
824,488
84,026
432,487
9,622,608
95.51%
4.49%
348,461
9,022,934
39,848
125,773
1,566
9,190,121
127,366
204,056
2,308,072
91.16%
8.84%
76,690
2,073,751
30,265
2,104,016
ULIF 087
24/11/09
LBluChip 105
Bluechip Fund
484,675
31,727,642
98.47%
1.53%
484,675
12,630,717
18,408,757
203,493
31,242,967
106,239
17,189,279
99.38%
0.62%
106,239
-
4,554,465
5,121,929
1,266,843
2,618,921
6,982
3,513,900
17,083,040
90,322
11,308,552
99.20%
0.80%
90,322
-
69
330,835
10,342,052
545,274
11,218,230
Discontinued
Fund - Life
ULIF 100
01/07/10
LDiscont 105
4,885,682
100.00%
0.00%
1,329,953
1,715,175
492,235
321,868
6,251
1,020,200
4,885,682
Invest Shield
Cash Fund
ULIF 020
03/01/05
LInvCash 105
2,692,893
100.00%
0.00%
729,219
897,663
313,363
217,414
15,034
520,200
2,692,893
ULIF 008
11/08/03
LCashPlus 105
34,696
1,005,411
96.55%
3.45%
3,011
31,685
166,428
227,822
33,935
333,983
89,323
2,224
110,000
7,000
970,715
Balancer
Fund IV
ULIF 039
27/08/07
LBalancer4 105
Flexi Growth
Fund IV
ULIF 038
27/08/07
LFlexiGro4 105
9,014
273,830
96.71%
3.29%
9,014
49,073
66,832
16,146
93,848
6,738
389
29,900
1,890
264,816
Balancer
Fund III
ULIF 023
13/03/06
LBalancer3 105
Flexi Growth
Fund III
ULIF 028
20/03/07
LFlexiGro3 105
142,996
3,728,359
96.16%
3.84%
19,570
123,426
641,400
838,002
164,737
1,272,944
84,100
9,280
550,400
24,500
3,585,363
Balancer
Fund II
ULIF 014
17/05/04
LBalancer2 105
Flexi Growth
Fund II
ULIF 027
20/03/07
LFlexiGro2 105
414,131
11,152,110
96.29%
3.71%
71,505
342,626
287
287
7,737
96.29%
3.71%
1,925,061
2,675,510
626,322
3,696,839
224,834
19,013
1,500,400
70,000
10,737,979
ULIF 002
22/10/01
LBalancer1 105
Balancer Fund
1,896
123
5,431
7,450
Anmol Nivesh
Fund
ULIF 072
28/04/09
LAnmolNiv 105
SCHEDULE: F-2
28,130
2,524,745
98.89%
1.11%
28,130
563,916
753,727
97,352
387,659
272,768
759
420,300
134
2,496,615
Invest Shield
Fund - Life
ULIF 018
03/01/05
LInvShld 105
43,246
1,017,946
95.75%
4.25%
43,246
120,888
188,396
36,488
535,777
19,924
3,051
70,000
176
974,700
Flexi Balanced
Fund
ULIF 031
20/03/07
LFlexiBal1 105
50,984
108,034
585,296
81.54%
18.46%
57,050
461,993
8,312
6,957
477,262
ULIF 134
19/09/13
LGF 105
525,931
20,880,258
97.48%
2.52%
525,931
1,053,376
414,796
67,909
18,596,071
198,669
23,506
20,354,327
Dynamic P/E
Fund
ULIF 097
11/01/10
LDynmicPE 105
412,058
100.00%
0.00%
61,150
97,740
58,029
155,200
439
39,500
412,058
ULIF 135
19/09/13
LSF 105
31,985
760,425
95.79%
4.21%
31,985
89,268
139,199
19,836
397,827
20,330
1,854
60,000
126
728,440
Flexi Balanced
Fund II
ULIF 032
20/03/07
LFlexiBal2 105
3,605,644
41,359,494
91.28%
8.72%
3,605,644
128,158
73,993
36,422,316
681,896
147,487
300,000
37,753,850
Maximiser
Fund
ULIF 001
22/10/01
LMaximis1 105
(` 000)
2,498
62,312
95.99%
4.01%
2,498
6,931
7,714
1,003
30,952
13,044
159
11
59,814
Flexi Balanced
Fund III
ULIF 033
20/03/07
LFlexiBal3 105
(` 000)
59 Schedules
101 Annexures
Money market
Mutual funds
Venture fund
Total
Grand total
% of approved investments to Total
% of other investments to Total
Approved investments
Government bonds
Corporate bonds
Infrastructure bonds
Equity
Money market
Mutual funds
Deposit with banks
Preference shares
Total
Other investments
Corporate bonds
Infrastructure bonds
Equity
Particulars
Money market
Mutual funds
Venture fund
Total
Grand total
% of approved investments to Total
% of other investments to Total
Approved investments
Government bonds
Corporate bonds
Infrastructure bonds
Equity
Money market
Mutual funds
Deposit with banks
Preference shares
Total
Other investments
Corporate bonds
Infrastructure bonds
Equity
Particulars
184,990
10,814,664
98.29%
1.71%
184,990
366,659
7,403
374,062
3,749,977
90.02%
9.98%
3,601,484
7,025,692
2,498
10,629,674
3,026,314
298,004
49,098
2,499
3,375,915
ULIF 081
26/10/09
LPinnacle 105
Pinnacle Fund
Opportunities
Fund
ULIF 086
24/11/09
LOpport 105
150,375
1,713,077
91.22%
8.78%
150,375
896,513
896,513
10,455,990
91.43%
8.57%
1,544,924
17,778
1,562,702
ULIF 022
13/03/06
LMaximis3 105
ULIF 012
17/05/04
LMaximis2 105
9,205,225
287,882
66,370
9,559,477
Maximiser
Fund III
Maximiser
Fund II
SCHEDULE: F-2
109,992
5,699,964
98.07%
1.93%
109,992
1,376,667
4,185,103
28,202
5,589,972
ULIF 105
26/10/10
LPinnacle2 105
Pinnacle
Fund II
1,374
45,089
506,463
91.10%
8.90%
43,715
454,713
6,661
461,374
ULIF 037
27/08/07
LMaximis4 105
Maximiser
Fund IV
7,362,800
100.00%
0.00%
608,351
57,861
4,455,985
103
2,240,500
7,362,800
ULIF 010
17/05/04
LPreserv1 105
Preserver Fund
41,331
832,400
9,527,455
91.26%
8.74%
791,069
121,862
8,054,750
395,949
122,494
8,695,055
ULIF 114
15/03/11
LMaximis5 105
Maximiser
Fund V
344,570
100.00%
0.00%
27,886
234,499
45
82,140
344,570
ULIF 021
13/03/06
LPreserv3 105
Preserver
Fund III
10,088,649
100.00%
0.00%
738,603
59,650
5,868,854
242
3,421,300
10,088,649
ULIF 090
24/11/09
LMoneyMkt 105
Money Market
Fund
141,325
799,565
16,254,305
95.08%
4.92%
734,768
100.00%
0.00%
55,877
594,349
42
84,500
734,768
ULIF 036
27/08/07
LPreserv4 105
Preserver
Fund IV
658,240
15,050,084
183,057
212,175
9,424
15,454,740
ULIF 085
24/11/09
LMCapGro 105
Multi Cap
Growth Fund
63,225
8,554,272
99.26%
0.74%
63,225
-
2,310,943
2,929,059
1,081,540
699,577
9,628
1,460,300
8,491,047
ULIF 003
22/10/01
LProtect1 105
Protector Fund
111,126
2,760,975
95.98%
4.02%
111,126
285,911
363,122
29,473
1,390,741
198,997
863
380,400
342
2,649,849
ULIF 088
24/11/09
LMCapBal 105
Multi Cap
Balanced Fund
25,591
3,886,873
99.34%
0.66%
25,591
-
1,014,608
1,237,789
490,092
279,478
9,015
830,300
3,861,282
ULIF 016
17/05/04
LProtect2 105
Protector
Fund II
259,101
7,877,911
96.71%
3.29%
259,101
7,589,985
28,825
7,618,810
ULIF 042
22/11/07
LMultip1 105
Multiplier
Fund
3,763
415,004
99.09%
0.91%
3,763
-
117,220
146,955
57,032
19,083
751
70,200
411,241
ULIF 024
13/03/06
LProtect3 105
Protector
Fund III
34,222
98,538
1,930,005
94.89%
5.11%
64,316
1,806,136
25,331
1,831,467
ULIF 044
25/02/08
LMultip2 105
Multiplier
Fund II
24,838
3,889,802
99.36%
0.64%
24,838
-
1,066,094
1,305,399
449,765
278,186
5,320
760,200
3,864,964
ULIF 041
27/08/07
LProtect4 105
Protector
Fund IV
5,029
119,523
95.79%
4.21%
5,029
113,813
681
114,494
ULIF 046
25/02/08
LMultip3 105
Multiplier
Fund III
0.00%
0.00%
Return
Guarantee
Fund
ULIF 054
18/12/08
LRGF1 105
8,847
38,447
886,512
95.66%
4.34%
29,600
836,431
11,634
848,065
ULIF 047
25/02/08
LMultip4 105
Multiplier
Fund IV
0.00%
0.00%
Return
Guarantee
Fund II
ULIF 063
27/01/09
LRGF(T2) 105
(` 000)
15,735
83,894
2,924,952
97.13%
2.87%
68,159
518,456
631,295
102,899
924,414
166,928
16,360
480,400
306
2,841,058
New Invest
Shield Balanced
Fund
ULIF 025
21/08/06
LInvShldNw 105
(` 000)
113
114
44 Management Report
54 Revenue Account
57 Balance Sheet
Money market
Mutual funds
Venture fund
Total
Grand total
% of approved investments to Total
% of other investments to Total
Approved investments
Government bonds
Corporate bonds
Infrastructure bonds
Equity
Money market
Mutual funds
Deposit with banks
Preference shares
Total
Other investments
Corporate bonds
Infrastructure bonds
Equity
Particulars
Money market
Mutual funds
Venture fund
Total
Grand total
% of approved investments to Total
% of other investments to Total
Approved investments
Government bonds
Corporate bonds
Infrastructure bonds
Equity
Money market
Mutual funds
Deposit with banks
Preference shares
Total
Other investments
Corporate bonds
Infrastructure bonds
Equity
Particulars
74,348
74,348
1,265,909
94.13%
5.87%
240
240
21,570
98.89%
1.11%
552,324
366,204
123,764
18,569
130,700
1,191,561
Return Guarantee
Fund XI (5 Yrs)
ULIF 120 17/03/11
LRGF(T11) 105
532,344
6,574,782
91.90%
8.10%
532,344
5,969,802
70,476
2,160
6,042,438
43,222
709,635
8,295,127
91.45%
8.55%
666,413
7,474,552
108,276
2,664
7,585,492
7,159
7,159
62,716
88.59%
11.41%
30,754
377,264
91.85%
8.15%
30,754
343,160
3,227
123
346,510
7,986
10,900
25,487
984
10,200
55,557
ULIF 078
17/06/09
LRGF(T6) 105
52,427
381,267
4,094,410
90.69%
9.31%
328,840
3,658,150
53,675
1,318
3,713,143
428,283
100.00%
0.00%
98,594
109,091
24,806
82,921
51,149
1,522
60,200
428,283
1,587
43,399
96.34%
3.66%
1,587
2,187
5,086
2,895
27,522
3,922
200
41,812
6,290
6,290
471,191
98.67%
1.33%
247,307
70,075
70,706
6,698
70,115
464,901
Return
Guarantee Fund
X (10 Yrs)
ULIF 112
13/01/11
LRGF(S3) 105
3,391
171,147
98.02%
1.98%
3,391
19,513
32,762
13,618
58,109
32,979
675
10,100
167,756
Secure Save
Guarantee Fund
ULIF 076 29/05/09
LSSavGtee 105
106,676
106,676
1,041,726
89.76%
10.24%
29,724
468,867
131,424
161,251
14,584
129,200
935,050
Return
Guarantee Fund
VIII (5 Yrs)
ULIF 103
12/10/10
LRGF(T8) 105
Secure Save
Builder Fund
ULIF 077 29/05/09
LSSavBuil 105
5,437
5,437
281,094
98.07%
1.93%
126,937
53,930
43,006
3,994
47,790
275,657
Return
Guarantee Fund
VIII (10 Yrs)
ULIF 104
12/10/10
LRGF(S1) 105
3,060
3,060
26,979
88.66%
11.34%
2,022
11,387
7,280
420
2,810
23,919
ULIF 082
16/11/09
LRGF(T7) 105
Return Guarantee
Fund VII
RICH Fund IV
6,374
6,374
60,565
89.48%
10.52%
2,001
9,877
40,532
881
900
54,191
ULIF 073
29/04/09
LRGF(T5) 105
Return Guarantee
Fund VI
RICH Fund II
50,287
100,021
1,363,095
92.66%
7.34%
49,734
-
19,031
528,433
424,208
102,638
19,364
169,400
1,263,074
ULIF 106
22/12/10
LRGF(T9) 105
Return Guarantee
Fund IX (5 Yrs)
RICH Fund
8,801
8,801
140,389
93.73%
6.27%
75,388
12,752
20,452
1,976
21,020
131,588
ULIF 107
22/12/10
LRGF(S2) 105
Return Guarantee
Fund IX (10 Yrs)
9,038
8,614
985
303
2,390
21,330
Return Guarantee
Fund XI (10 Yrs)
ULIF 121 19/04/11
LRGF(S4) 105
15,514
15,514
149,988
89.66%
10.34%
0.00%
0.00%
132,296
2,178
134,474
ULIF 069
31/03/09
LRGF(T4) 105
ULIF 066
26/02/09
LRGF(T3) 105
-
Return Guarantee
Fund IV
Return Guarantee
Fund III
SCHEDULE: F-2
1,167,983
15,735
13,800,520
330,243,014
95.82%
4.18%
34,873,767
24,765,092
7,411,984
197,681,342
30,090,569
1,769,565
19,715,857
134,318
316,442,494
457,798
12,159,004
Total
(` 000)
290,983
290,983
2,765,288
89.48%
10.52%
1,087,316
679,086
122,821
39,695
545,387
2,474,305
Return
Guarantee Fund
X (5 Yrs)
ULIF 111
13/01/11
LRGF(T10) 105
(` 000)
59 Schedules
101 Annexures
Money market
Mutual funds
Venture fund
Total
Grand total
% of approved investments to Total
% of other investments to Total
Approved investments
Government bonds
Corporate bonds
Infrastructure bonds
Equity
Money market
Mutual funds
Deposit with banks
Preference shares
Total
Other investments
Corporate bonds
Infrastructure bonds
Equity
Particulars
Money market
Mutual funds
Venture fund
Total
Grand total
% of approved investments to Total
% of other investments to Total
Approved investments
Government bonds
Corporate bonds
Infrastructure bonds
Equity
Money market
Mutual funds
Deposit with banks
Preference shares
Total
Other investments
Corporate bonds
Infrastructure bonds
Equity
Particulars
49,970
10,093,241
99.50%
0.50%
49,970
-
41,766
32,409
74,175
448,403
83.46%
16.54%
2,251,016
3,100,935
684,488
1,875,770
18,162
2,112,900
10,043,271
ULIF 095
11/01/10
PIncome 105
ULIF 127
01/12/11
PGROWTH 105
368,592
5,636
374,228
Pension
Income Fund
Pension Growth
Fund
26,146
39,538
280,567
85.91%
14.09%
13,392
1,788
100.00%
0.00%
10,561
16,263
8,827
113,098
88,710
3,570
241,029
Easy
Retirement
Balanced Fund
ULIF 132
02/11/12
ERBF 105
1,788
1,788
ULIF 101
01/07/10
PDiscont 105
Discontinued
Fund - Pension
SCHEDULE: F-2
30,740
470,078
5,003,372
90.60%
9.40%
439,338
4,467,449
65,845
4,533,294
Pension
Maximiser
Fund
ULIF 004
03/05/02
PMaximis1 105
8,850
8,850
90,441
90.21%
9.79%
6,161
21,207
3,923
46,578
1,211
2,511
81,591
Easy
Retirement
Secure Fund
ULIF 133
02/11/12
ERSF 105
1,436,485
16,952,076
91.53%
8.47%
1,436,485
263,750
15,108,671
43,170
100,000
15,515,591
Pension
Maximiser
Fund II
ULIF 013
17/05/04
PMaximis2 105
5,558
503,674
98.90%
1.10%
5,558
74,764
119,014
53,634
77,359
141,460
1,858
30,000
27
498,116
ULIF 019
03/01/05
PInvShld 105
Invest Shield
Fund - Pension
275,141
7,023,934
96.08%
3.92%
83,548
191,593
842,341
1,836,472
437,045
2,330,137
249,799
11,013
1,041,900
86
6,748,793
ULIF 015
17/05/04
PBalancer2 105
Pension
Balancer Fund II
35,077
117,986
2,070,225
94.30%
5.70%
82,909
1,925,000
27,092
147
1,952,239
ULIF 093
11/01/10
PBluChip 105
Pension
Bluechip Fund
6,869,222
100.00%
0.00%
636,088
79,808
4,772,893
33
1,380,400
6,869,222
98,095
2,357,316
95.84%
4.16%
98,095
164,885
293,548
89,524
1,235,425
258,494
6,461
210,500
384
2,259,221
621,621
14,188,617
95.62%
4.38%
621,621
13,323,760
99,335
129,463
14,438
13,566,996
204,234
5,367,338
96.19%
3.81%
48,172
156,062
722,366
1,309,022
309,481
1,882,071
215,152
11,085
713,800
127
5,163,104
ULIF 005
03/05/02
PBalancer1 105
Pension
Balancer Fund
40,567
234,016
4,514,844
94.82%
5.18%
193,449
4,221,726
59,102
4,280,828
ULIF 043
25/02/08
PMultip1 105
Pension
Multiplier Fund
407,536
15,657,759
97.40%
2.60%
407,536
610,619
60,000
14,407,164
149,002
23,438
15,250,223
Pension
Dynamic P/E
Fund
ULIF 098
11/01/10
PDynmicPE 105
20,999
119,713
2,360,615
94.93%
5.07%
98,714
2,209,985
30,917
2,240,902
ULIF 045
25/02/08
PMultip2 105
Pension
Multiplier Fund II
54,459
1,039,757
94.76%
5.24%
54,459
88,874
147,774
25,838
515,939
141,751
4,462
60,000
660
985,298
ULIF 034
20/03/07
PFlexiBal1 105
Pension Flexi
Balanced Fund
167,517
669,056
5,596,350
88.04%
11.96%
501,539
4,800,960
48,887
73,597
3,850
4,927,294
Pension
Opportunities
Fund
ULIF 092
11/01/10
POpport 105
61,161
1,172,002
94.78%
5.22%
61,161
98,912
163,074
33,837
580,892
178,920
4,311
50,000
895
1,110,841
Pension Flexi
Balanced
Fund II
ULIF 035
20/03/07
PFlexiBal2 105
11,576,174
100.00%
0.00%
958,402
6,375,299
73
4,242,400
11,576,174
ULIF 011
17/05/04
PPreserv 105
Pension
Preserver Fund
479,523
19,844,663
97.58%
2.42%
479,523
19,077,334
27,400
250,189
10,217
19,365,140
ULIF 029
20/03/07
PFlexiGro1 105
Pension Flexi
Growth Fund
121,934
15,377,501
99.21%
0.79%
121,934
-
3,162,751
5,059,265
1,923,295
2,272,981
21,172
2,816,103
15,255,567
ULIF 006
03/05/02
PProtect1 105
Pension
Protector Fund
(` 000)
393,550
16,907,010
97.67%
2.33%
393,550
16,392,063
95,818
15,122
211
10,246
16,513,460
ULIF 030
20/03/07
PFlexiGro2 105
Pension Flexi
Growth Fund II
(` 000)
115
116
44 Management Report
54 Revenue Account
57 Balance Sheet
Money market
Mutual funds
Venture fund
Total
Grand total
% of approved investments to Total
% of other investments to Total
Approved investments
Government bonds
Corporate bonds
Infrastructure bonds
Equity
Money market
Mutual funds
Deposit with banks
Preference shares
Total
Other investments
Corporate bonds
Infrastructure bonds
Equity
Particulars
Money market
Mutual funds
Venture fund
Total
Grand total
% of approved investments to Total
% of other investments to Total
Approved investments
Government bonds
Corporate bonds
Infrastructure bonds
Equity
Money market
Mutual funds
Deposit with banks
Preference shares
Total
Other investments
Corporate bonds
Infrastructure bonds
Equity
Particulars
5,451
5,451
107,547
94.93%
5.07%
7,016
7,016
149,896
95.32%
4.68%
55,901
15,560
13,604
1,511
15,520
102,096
Pension Return
Guarantee Fund X
(10 Yrs)
ULIF 113 13/01/11
PRGF(S3) 105
277
277
10,735
97.42%
2.58%
5,815
2,563
160
1,920
10,458
0.00%
0.00%
Pension Return
Guarantee Fund III
Pension Return
Guarantee Fund XI
(10 Yrs)
ULIF 122 19/04/11
PRGF(S4) 105
0.00%
0.00%
Pension Return
Guarantee Fund II
52,144
48,863
14,752
2,131
24,990
142,880
Pension Return
Guarantee Fund VIII
0.00%
0.00%
7,219,791
100.00%
0.00%
1,599,497
2,741,471
989,995
691,681
10,000
1,187,147
7,219,791
Pension Return
Guarantee Fund
Pension Protector
Fund II
SCHEDULE: F-2
1,413,054
14,745,115
90.42%
9.58%
1,413,054
12,960,227
318,244
48,267
5,323
13,332,061
3,522
3,522
47,502
92.59%
7.41%
18,210
9,650
7,932
673
7,515
43,980
2,076
965,648
10,208,583
90.54%
9.46%
963,572
8,855,225
248,599
134,473
4,638
9,242,935
Pension RICH
Fund II
38,977
38,977
370,725
89.49%
10.51%
35,945
290,353
5,450
331,748
5,839
5,839
375,537
98.45%
1.55%
48,210
105,209
31,555
149,539
5,085
30,100
369,698
Pension
Secure Fund
20,146
20,146
187,153
89.24%
10.76%
20,007
50,535
93,694
2,771
167,007
Pension Return
Guarantee Fund V
129,198
100.00%
0.00%
28,095
28,298
23,511
21,771
17,083
440
10,000
129,198
28,070
28,070
261,977
89.29%
10.71%
29,991
58,529
141,523
3,864
233,907
Pension Return
Guarantee Fund VI
524,974
8,481,974
199,629,068
95.75%
4.25%
303,624
7,653,376
9,841,122
17,100,243
5,019,130
124,874,848
19,154,730
806,016
14,299,967
51,038
191,147,094
Total
(` 000)
51,295
51,295
518,420
90.11%
9.89%
113,817
143,072
191,377
6,998
11,861
467,125
Pension Return
Guarantee Fund VII
(` 000)
59 Schedules
101 Annexures
Money market
Mutual funds
Venture fund
Total
Grand total
% of approved investments to Total
% of other investments to Total
Approved investments
Government bonds
Corporate bonds
Infrastructure bonds
Equity
Money market
Mutual funds
Deposit with banks
Preference shares
Total
Other investments
Corporate bonds
Infrastructure bonds
Equity
Particulars
Money market
Mutual funds
Venture fund
Total
Grand total
% of approved investments to Total
% of other investments to Total
Approved investments
Government bonds
Corporate bonds
Infrastructure bonds
Equity
Money market
Mutual funds
Deposit with banks
Preference shares
Total
Other investments
Corporate bonds
Infrastructure bonds
Equity
Particulars
958
967
9,357
89.67%
10.33%
427,768
236,162
663,930
16,604,710
96.00%
4.00%
1,487
620
132
6,151
8,390
ULGF 041
30/04/13
GBalancer2
105
ULGF 001
03/04/03
GBalancer
105
2,450,477
4,828,902
838,358
2,504,238
2,052,358
31,347
3,235,100
15,940,780
Group
Balanced
Fund II
Group
Balanced
Fund
13,530
266,626
94.93%
5.07%
13,530
5,267
5,267
217,522
97.58%
2.42%
26,418
31,859
4,967
127,359
42,394
248
19,800
51
253,096
ULIF 060
15/01/09
HFlexiBal
105
ULIF 059
15/01/09
HBalancer
105
34,927
40,088
6,925
72,814
37,097
380
20,000
24
212,255
Health Flexi
Balanced
Fund
Health
Balancer Fund
SCHEDULE: F-2
1,245
88,717
98.60%
1.40%
1,245
15,249
32,239
11,731
13,617
14,255
381
87,472
Group Capital
Guarantee
Balanced
Fund
ULGF 006
03/10/05
GCGBal1
105
74,804
381,726
2,968,184
87.14%
12.86%
306,922
38,942
2,505,617
40,397
1,502
2,586,458
ULIF 057
15/01/09
HFlexiGro
105
Health Flexi
Growth Fund
25,549
1,780,422
98.57%
1.43%
25,549
255,536
631,258
154,819
270,145
262,937
10,078
170,100
1,754,873
Group Capital
Guarantee
Balanced
Fund II
ULGF 010
21/03/07
GCGBal2
105
25,303
39,806
386,729
89.71%
10.29%
14,503
342,002
4,913
8
346,923
ULIF 058
15/01/09
HMultip
105
Health
Multiplier
Fund
7
63
2,520
97.50%
2.50%
56
69
425
283
41
1,639
2,457
Group Capital
Guarantee
Balanced
Fund III
ULGF 049
27/08/13
GCGBal3
105
53,195
100.00%
0.00%
943
943
18,333
94.86%
5.14%
5,269
920,494
99.43%
0.57%
5,269
-
221,559
198,841
61,545
282,620
60
150,600
915,225
ULGF 011
21/03/07
GCGDebt2
105
ULGF 007
28/10/05
GCGDebt1
105
ULGF 008
11/12/06
GCGGrowth1
105
ULGF 048
27/08/13
GCGDebt3
105
227
227
11,196
97.97%
2.03%
396
2,079
29,927
93.05%
6.95%
753
930
3,358
3,063
1,930
9,996
9,101
400
27,848
Group Capital
Guarantee
Growth Fund
1,495
4,053
3,910
154
1,357
10,969
0.00%
0.00%
ULIF 068
26/02/09
HRGF3
105
Health Return
Guarantee
Fund III
Group Capital
Guarantee Debt
Fund III
0.00%
0.00%
ULIF 065
29/01/09
HRGF2
105
Health Return
Guarantee
Fund II
3,745
2,914
1,005
9,482
244
17,390
0.00%
0.00%
Group Capital
Guarantee
Debt Fund
16,015
939,570
98.30%
1.70%
16,015
-
238,819
285,029
63,127
194,446
1,534
140,600
923,555
ULIF 062
15/01/09
HRGF1
105
ULIF 061
15/01/09
HProtect
105
ULIF 056
15/01/09
HPreserv
105
3,978
1,995
43,772
33
3,417
53,195
Health Return
Guarantee
Fund
Health
Protector
Fund
Health
Preserver Fund
2,847
65,876
95.68%
4.32%
753
2,094
7,274
17,324
4,867
22,300
10,918
346
63,029
Group Capital
Guarantee
Growth
Fund II
ULGF 012
05/07/07
GCGGrowth2
105
728
728
7,842
90.72%
9.28%
7,010
104
7,114
ULIF 071
31/03/09
HRGF4
105
Health Return
Guarantee
Fund IV
123,919
100.00%
0.00%
9,957
2,993
88,396
73
22,500
123,919
Group Capital
Guarantee
Short Term
Debt Fund
ULGF 005
24/02/04
GCGSTDebt1
105
259
259
2,739
90.54%
9.46%
406
1,770
37
267
2,480
Health
Return
Guarantee
Fund V
ULIF 075
29/04/09
HRGF5
105
3,724,469
100.00%
0.00%
126,673
126,697
2,486,665
22,634
961,800
3,724,469
Group Capital
Guarantee
Short Term
Debt Fund II
ULGF 009
16/03/07
GCGSTDebt2
105
131
131
1,427
90.83%
9.17%
198
41
897
20
140
1,296
ULIF 080
17/06/09
HRGF6
105
Health Return
Guarantee
Fund VI
129
129
42,947
99.70%
0.30%
42,251
567
42,818
Group Capital
Guarantee
Short Term
Debt Fund III
ULGF 031
01/03/12
GCGSTDebt3
105
100
100
1,074
90.69%
9.31%
79
655
15
225
974
Health
Return
Guarantee
Fund VII
ULIF 084
16/11/09
HRGF7
105
13,750,985
100.00%
0.00%
2,823,741
5,251,341
1,272,644
1,579,726
30,375
2,793,158
13,750,985
ULGF 002
03/04/03
GDebt
105
Group Debt
Fund
(` 000)
101,325
457,562
4,844,908
90.56%
9.44%
16,015
340,222
300,847
399,937
77,014
3,047,792
328,041
47,681
184,449
1,585
4,387,346
Total
(` 000)
117
118
44 Management Report
54 Revenue Account
57 Balance Sheet
Money market
Mutual funds
Venture fund
Total
Grand total
% of approved investments to Total
% of other investments to Total
Corporate bonds
Infrastructure bonds
Equity
Other investments
Approved investments
Government bonds
Corporate bonds
Infrastructure bonds
Equity
Money market
Mutual funds
Deposit with banks
Preference shares
Total
Particulars
Money market
Mutual funds
Venture fund
Total
Grand total
% of approved investments to Total
% of other investments to Total
Corporate bonds
Infrastructure bonds
Equity
Other investments
Approved investments
Government bonds
Corporate bonds
Infrastructure bonds
Equity
Money market
Mutual funds
Deposit with banks
Preference shares
Total
Particulars
1,834
1,834
19,575
90.63%
9.37%
17,482
259
17,741
Group Return
Guarantee Fund III
ULGF 023 16/06/09
GRGF3 105
112
112
10,287
98.91%
1.09%
15,097
15,097
144,244
89.53%
10.47%
65,374
11,737
25,575
2,061
24,400
129,147
33,084
33,084
526,239
93.71%
6.29%
214,995
127,823
68,953
7,411
73,973
493,155
140,412
140,412
7,188,847
98.05%
1.95%
495,353
197,527
4,396,454
96,501
1,862,600
7,048,435
20,393
857,927
97.62%
2.38%
8,279
12,114
124,896
276,528
97,520
128,048
177,686
2,656
30,200
837,534
213,236
213,236
2,026,720
89.48%
10.52%
807,110
523,180
53,737
29,098
400,359
1,813,484
62,361
62,361
705,934
91.17%
8.83%
90,862
31,924
229,624
9,857
281,306
643,573
Group Superannuation
Corporate Bond Fund
ULGF 015 22/12/08
GSACorBon 105
8,408
9,913
96,303
89.71%
10.29%
1,505
-
20,783
27,721
10,832
25,760
1,294
86,390
1
75
98.67%
1.33%
3
46
25
74
528,267
8,050,968
93.44%
6.56%
143,009
385,258
598,707
1,394,606
234,736
4,091,122
287,219
15,311
901,000
7,522,701
SCHEDULE: F-2
502,932
1,753,686
57,051,122
96.93%
3.07%
587,336
663,418
6,529,421
14,522,160
3,757,779
7,041,424
12,254,029
265,038
10,927,585
55,297,436
Total
25,710
25,710
245,678
89.54%
10.46%
37,975
42,911
125,619
3,548
9,915
219,968
Group Return
Guarantee Fund
ULGF 021 10/02/09
GRGF1 105
2,297,214
15,735
24,493,742
591,768,112
95.86%
4.14%
1,364,773
20,816,020
51,545,157
56,787,432
16,265,907
332,645,406
61,827,369
2,888,300
45,127,858
186,941
567,274,370
Grand Total
(` 000)
18
18
4,453
99.60%
0.40%
3,000
656
69
710
4,435
Group Return
Guarantee Fund II
ULGF 022 30/03/09
GRGF2 105
(` 000)
59 Schedules
Accrued interest
Cash & Bank balance
Dividend receivable
Receivable for sale of investments
Unit collection a/c
Other current assets (for Investments)
Total
Particulars
Accrued interest
Cash & Bank balance
Dividend receivable
Receivable for sale of investments
Unit collection a/c
Other current assets (for Investments)
Total
Particulars
Accrued interest
Cash & Bank balance
Dividend receivable
Receivable for sale of investments
Unit collection a/c
Other current assets (for Investments)
Total
Particulars
ULIF 022
13/03/06
LMaximis3 105
10
1,392
10,352
1
11,755
Maximiser
Fund III
Maximiser
Fund II
ULIF 012
17/05/04
LMaximis2 105
10
8,276
47,346
4
55,636
Flexi Growth
Fund
ULIF 026
20/03/07
LFlexiGro1 105
6,046
7,302
623
13,971
ULIF 002
22/10/01
LBalancer1 105
176,707
10,364
3,563
81,096
2
271,732
Balancer Fund
Flexi Balanced
Fund IV
ULIF 040
27/08/07
LFlexiBal4 105
6,767
10
121
1,480
1,033
9,411
Anmol Nivesh
Fund
ULIF 072
28/04/09
LAnmolNiv 105
1,592
10
1,602
SCHEDULE: F-3
ULIF 037
27/08/07
LMaximis4 105
10
407
3,001
3,418
Maximiser
Fund IV
Flexi Growth
Fund II
ULIF 027
20/03/07
LFlexiGro2 105
169,006
5,180
2,859
177,045
Balancer
Fund II
ULIF 014
17/05/04
LBalancer2 105
61,662
2,777
1,293
25,967
91,699
ULIF 114
15/03/11
LMaximis5 105
9,583
10
7,383
17,005
256,690
18
290,689
Maximiser
Fund V
Flexi Growth
Fund III
ULIF 028
20/03/07
LFlexiGro3 105
350
357
9,330
1
10,038
Balancer
Fund III
ULIF 023
13/03/06
LBalancer3 105
8,987
10
91
2,019
11,107
ULIF 090
24/11/09
LMoneyMkt 105
140,426
50,717
454,134
1
645,278
Money Market
Fund
Flexi Growth
Fund IV
ULIF 038
27/08/07
LFlexiGro4 105
10,900
4,792
15,692
Balancer
Fund IV
ULIF 039
27/08/07
LBalancer4 105
14,144
10
345
6,315
1,090
21,904
ULIF 008
11/08/03
LCashPlus 105
70,176
13
22,996
93,185
ULIF 089
24/11/09
LIncome 105
314,606
10
134,928
563,017
1
1,012,562
ULIF 088
24/11/09
LMCapBal 105
25,363
10
1,147
8,927
46,570
4
82,021
Multi Cap
Balanced Fund
ULIF 085
24/11/09
LMCapGro 105
2,739
8,003
143,376
154,118
Multi Cap
Growth Fund
ULIF 116
15/03/11
LHighNavB 105
234,797
10
13,779
394,368
523,986
54
1,166,994
765
1,671
24,877
27,313
ULIF 087
24/11/09
LBluChip 105
Bluechip Fund
80,677
5,277
85,954
ULIF 042
22/11/07
LMultip1 105
Multiplier
Fund
Invest Shield
Cash Fund
ULIF 020
03/01/05
LInvCash 105
135,692
10
42,027
3,288
181,017
Discontinued
Fund - Life
ULIF 100
01/07/10
LDiscont 105
83,660
4,170
87,830
444
1,251
3,410
5,105
ULIF 044
25/02/08
LMultip2 105
Multiplier
Fund II
Invest Shield
Fund - Life
ULIF 018
03/01/05
LInvShld 105
46,742
10
298
18,425
4,455
69,930
Dynamic P/E
Fund
ULIF 097
11/01/10
LDynmicPE 105
36,778
10
14,009
394,962
186,752
50
632,561
50
82
1,490
1,622
ULIF 046
25/02/08
LMultip3 105
Multiplier
Fund III
10
371
294
105,850
4
106,529
Life Growth
Fund
ULIF 134
19/09/13
LGF 105
Flexi Balanced
Fund
ULIF 031
20/03/07
LFlexiBal1 105
16,237
10
443
8,328
1,460
1
26,479
212
577
789
ULIF 047
25/02/08
LMultip4 105
Multiplier
Fund IV
Life Secure
Fund
ULIF 135
19/09/13
LSF 105
14,144
10
11,670
91,840
117,664
Flexi Balanced
Fund II
ULIF 032
20/03/07
LFlexiBal2 105
12,127
10
326
4,046
16,509
New Invest
Shield Balanced
Fund
ULIF 025
21/08/06
LInvShldNw 105
51,823
10
711
18,758
844
1
72,147
(` 000)
Maximiser
Fund
ULIF 001
22/10/01
LMaximis1 105
25,988
10
32,186
197,324
15
255,523
(` 000)
Flexi Balanced
Fund III
ULIF 033
20/03/07
LFlexiBal3 105
404
10
27
2,491
2,932
(` 000)
101 Annexures
119
120
44 Management Report
54 Revenue Account
Accrued interest
Cash & Bank balance
Dividend receivable
Receivable for sale of investments
Unit collection a/c
Other current assets (for Investments)
Total
Particulars
Accrued interest
Cash & Bank balance
Dividend receivable
Receivable for sale of investments
Unit collection a/c
Other current assets (for Investments)
Total
Particulars
Accrued interest
Cash & Bank balance
Dividend receivable
Receivable for sale of investments
Unit collection a/c
Other current assets (for Investments)
Total
Particulars
Pinnacle
Fund II
Return Guarantee
Fund XI (5 Yrs)
ULIF 120 17/03/11
LRGF(T11) 105
76,777
65,115
128
142,020
Preserver
Fund III
RICH Fund II
ULIF 049 17/03/08
LRICH2 105
10
2,932
5,709
8,651
RICH Fund
ULIF 048 17/03/08
LRICH1 105
10
2,350
10,204
1
12,565
10
136
1,725
36
1,907
ULIF 082
16/11/09
LRGF(T7) 105
2,040
2,852
4,892
RICH Fund IV
ULIF 073
29/04/09
LRGF(T5) 105
731
5,491
6,222
Secure Save
Builder Fund
ULIF 077 29/05/09
LSSavBuil 105
509
12
32
61
92
706
Return
Guarantee Fund
X (10 Yrs)
ULIF 112
13/01/11
LRGF(S3) 105
33,633
2,060
941
36,634
Return
Guarantee
Fund
ULIF 054
18/12/08
LRGF1 105
(2)
15,195
15,193
Secure Save
Guarantee Fund
ULIF 076 29/05/09
LSSavGtee 105
3,500
10
70
559
4,139
ULIF 041
27/08/07
LProtect4 105
95,819
10
33,623
5,899
135,351
Protector
Fund IV
Return
Guarantee Fund
VIII (5 Yrs)
ULIF 103
12/10/10
LRGF(T8) 105
56,946
7,223
350
64,519
ULIF 024
13/03/06
LProtect3 105
12,697
10
3,659
7,767
24,133
Protector
Fund III
Return
Guarantee Fund
VIII (10 Yrs)
ULIF 104
12/10/10
LRGF(S1) 105
20,560
933
21,493
ULIF 016
17/05/04
LProtect2 105
89,946
10
32,944
35,033
157,933
Protector
Fund II
Return Guarantee
Fund VII
ULIF 003
22/10/01
LProtect1 105
187,043
23
70,138
93
257,297
ULIF 036
27/08/07
LPreserv4 105
6,880
54,828
6,078
67,786
Protector Fund
Return Guarantee
Fund V
ULIF 021
13/03/06
LPreserv3 105
11,109
10
47,651
58,770
Return
Guarantee Fund
IX (5 Yrs)
ULIF 106
22/12/10
LRGF(T9) 105
99,797
5,612
105,409
ULIF 010
17/05/04
LPreserv1 105
108,944
19
18,325
127,288
Preserver Fund
Return
Guarantee Fund
IX (10 Yrs)
ULIF 107
22/12/10
LRGF(S2) 105
9,325
10
9,335
ULIF 105
26/10/10
LPinnacle2 105
33,744
10
3,153
81,622
56,040
12
174,581
Return
Guarantee
Fund IV
ULIF 069
31/03/09
LRGF(T4) 105
(2)
15,085
15,083
ULIF 081
26/10/09
LPinnacle 105
92,640
10
5,376
146,006
20
244,052
Pinnacle Fund
Return Guarantee
Fund XI (10 Yrs)
ULIF 121 19/04/11
LRGF(S4) 105
1,195
215
99
1,509
2,599
2,599
Return
Guarantee
Fund III
ULIF 066
26/02/09
LRGF(T3) 105
950
2,598
21,765
38,308
4
63,625
ULIF 086
24/11/09
LOpport 105
Opportunities
Fund
SCHEDULE: F-3
2,681,477
547,176
138,868
1,891,084
2,637,139
195
7,895,939
Total
(` 000)
ULIF 111
13/01/11
LRGF(T10) 105
234,665
9,991
244,656
Return Guarantee
Fund X (5 Yrs)
(` 000)
Return
Guarantee
Fund II
ULIF 063
27/01/09
LRGF(T2) 105
(2)
12,541
12,539
(` 000)
57 Balance Sheet
59 Schedules
Pension
Growth Fund
Pension Return
Guarantee Fund
ULIF 055 18/12/08
PRGF1 105
37
618
655
Accrued interest
Cash & Bank balance
Dividend receivable
Receivable for sale of investments
Unit collection a/c
Other current assets (for Investments)
Total
216
4,077
29,792
3
34,088
Pension
Maximiser
Fund
ULIF 004
03/05/02
PMaximis1
105
Pension Protector
Fund II
10
325
1,711
11,395
2
13,443
ULIF 127
01/12/11
PGROWTH
105
ULIF 095
11/01/10
PIncome
105
257,925
10
43,447
301,382
Pension
Income Fund
ULIF 101
01/07/10
PDiscont 105
6
6
Easy
Retirement
Secure Fund
ULIF 133
02/11/12
ERSF 105
1,136
10
211
12,848
14,205
Particulars
Accrued interest
Cash & Bank balance
Dividend receivable
Receivable for sale of investments
Unit collection a/c
Other current assets (for Investments)
Total
Particulars
Accrued interest
Cash & Bank balance
Dividend receivable
Receivable for sale of investments
Unit collection a/c
Other current assets (for Investments)
Total
Particulars
Discontinued
Fund - Pension
Easy
Retirement
Balanced Fund
ULIF 132
02/11/12
ERBF 105
278
10
94
369
48,519
1
49,271
SCHEDULE: F-3
Pension Return
Guarantee Fund II
Pension
Maximiser
Fund II
ULIF 013
17/05/04
PMaximis2
105
24,948
777
13,278
70,219
6
109,228
ULIF 019
03/01/05
PInvShld 105
11,640
10
59
2,403
287
14,399
Invest Shield
Fund - Pension
ULIF 093
11/01/10
PBluChip 105
430
1,552
1,670
3,652
Pension
Bluechip Fund
Pension Return
Guarantee Fund IV
100
2,922
9,625
12,647
ULIF 043
25/02/08
PMultip1
105
Pension
Multiplier Fund
Pension
Dynamic P/E
Fund
ULIF 098
11/01/10
PDynmicPE 105
6,786
10
11,006
301,332
38
319,172
Pension Return
Guarantee Fund IX
(10 Yrs)
ULIF 108 22/12/10
PRGF(S2) 105
3,492
10
2
3,504
ULIF 015
17/05/04
PBalancer2 105
199,794
10
2,786
46,678
28,820
1
278,089
Pension
Balancer Fund II
Pension Return
Guarantee Fund III
ULIF 096
11/01/10
PMoneyMkt
105
68,933
10
20,379
1
89,323
Pension Money
Market Fund
ULIF 005
03/05/02
PBalancer1 105
143,763
10
2,492
33,631
1
179,897
Pension
Balancer Fund
(` 000)
ULIF 006
03/05/02
PProtect1
105
515,365
15
81,390
34,015
630,785
Pension
Protector Fund
(` 000)
ULIF 030
20/03/07
PFlexiGro2 105
72
173,726
6,695
168,071
26
348,590
Pension Flexi
Growth Fund II
Pension Return
Guarantee Fund VII
ULIF 011
17/05/04
PPreserv
105
183,131
9
34,439
217,579
Pension
Preserver Fund
ULIF 029
20/03/07
PFlexiGro1 105
28,105
6,213
8,769
166,815
36,424
28
246,354
Pension Flexi
Growth Fund
Pension Return
Guarantee Fund VI
938
4,281
54,009
5
59,233
Pension
Opportunities
Fund
ULIF 092
11/01/10
POpport
105
Pension Flexi
Balanced
Fund II
ULIF 035
20/03/07
PFlexiBal2 105
13,890
10
496
16,556
4,750
1
35,703
Pension Return
Guarantee Fund V
10
1,527
41
1,578
Pension
Multiplier
Fund II
ULIF 045
25/02/08
PMultip2
105
ULIF 034
20/03/07
PFlexiBal1 105
13,950
10
459
12,797
5,183
1
32,400
Pension Flexi
Balanced Fund
(` 000)
101 Annexures
121
122
44 Management Report
54 Revenue Account
Accrued interest
Cash & Bank balance
Dividend receivable
Receivable for sale of investments
Unit collection a/c
Other current assets (for Investments)
Total
Particulars
Accrued interest
Cash & Bank balance
Dividend receivable
Receivable for sale of investments
Unit collection a/c
Other current assets (for Investments)
Total
Particulars
Accrued interest
Cash & Bank balance
Dividend receivable
Receivable for sale of investments
Unit collection a/c
Other current assets (for Investments)
Total
Particulars
Group
Balanced
Fund II
ULGF 041
30/04/13
GBalancer2
105
2,154
10
2,164
ULGF 001
03/04/03
GBalancer
105
475,477
158
2,637
91,858
125,668
2
695,800
Group
Capital
Guarantee
Balanced
Fund
ULGF 006
03/10/05
GCGBal1
105
2,117
15
11
535
719
3,397
ULIF 058
15/01/09
HMultip 105
ULIF 057
15/01/09
HFlexiGro
105
4,075
137,796
2,356
22,064
7
166,298
ULIF 060
15/01/09
HFlexiBal
105
5,655
85
110
1,535
4,494
11,879
ULIF 059
15/01/09
HBalancer
105
3,935
10
57
1,078
2,183
7,263
Group
Balanced
Fund
Health
Multiplier
Fund
Health Flexi
Growth
Fund
Health Flexi
Balanced
Fund
Health
Balancer
Fund
Group
Capital
Guarantee
Balanced
Fund III
ULGF 049
27/08/13
GCGBal3
105
544
10
1
555
ULIF 061
15/01/09
HProtect 105
ULIF 056
15/01/09
HPreserv
105
1,410
4,121
1,182
6,713
Group
Capital
Guarantee
Debt Fund II
ULGF 011
21/03/07
GCGDebt2
105
22,606
10
4,865
6,975
34,456
ULGF 007
28/10/05
GCGDebt1
105
75
10
71
129
285
ULGF 048
27/08/13
GCGDebt3
105
427
10
26
10
473
Group
Capital
Guarantee
Debt Fund III
ULGF 008
11/12/06
GCGGrowth1
105
345
10
9
121
222
707
Group
Capital
Guarantee
Growth Fund
799
799
ULIF 068
26/02/09
HRGF3
105
Health Return
Guarantee
Fund III
Group
Capital
Guarantee
Growth
Fund II
ULGF 012
05/07/07
GCGGrowth2
105
1,019
12
21
287
457
1,796
10
10
Group
Capital
Guarantee
Short Term
Debt Fund
ULGF 005
24/02/04
GCGSTDebt1
105
2,297
16
837
3,150
Health
Return
Guarantee
Fund V
ULIF 075
29/04/09
HRGF5
105
72
10
82
Health
Return
Guarantee
Fund IV
ULIF 071
31/03/09
HRGF4
105
2,234
9,434
106,233
14,292
6
132,199
Group
Capital
Guarantee
Debt Fund
21,081
10
7,565
140
28,796
Health
Protector
Fund
Health
Preserver
Fund
Group
Capital
Guarantee
Balanced
Fund II
ULGF 010
21/03/07
GCGBal2
105
47,185
92
254
9,386
15,551
72,468
10
258
1
269
SCHEDULE: F-3
Group
Capital
Guarantee
Short Term
Debt Fund II
ULGF 009
16/03/07
GCGSTDebt2
105
58,208
10
29,913
88,131
Health
Return
Guarantee
Fund VI
ULIF 080
17/06/09
HRGF6
105
42
10
52
Group
Capital
Guarantee
Short Term
Debt Fund III
ULGF 031
01/03/12
GCGSTDebt3
105
10
2,678
2,688
Health
Return
Guarantee
Fund VII
ULIF 084
16/11/09
HRGF7
105
69
10
79
ULGF 002
03/04/03
GDebt
105
389,740
11
80,761
168,605
639,117
Group
Debt Fund
(` 000)
36,339
142,984
2,781
32,242
7,999
8
222,353
Total
(` 000)
1,768,276
309,791
91,280
1,365,214
302,648
137
3,837,346
Total
(` 000)
57 Balance Sheet
59 Schedules
Accrued interest
Cash & Bank balance
Dividend receivable
Receivable for sale of investments
Unit collection a/c
Other current assets (for Investments)
Total
Particulars
Accrued interest
Cash & Bank balance
Dividend receivable
Receivable for sale of investments
Unit collection a/c
Other current assets (for Investments)
Total
Particulars
Group Superannuation
Corporate Bond Fund
ULGF 015 22/12/08
GSACorBon 105
177,384
1,510
7,875
186,769
Group Growth
Fund II
SCHEDULE: F-3
Total
1,558,495
17,379
6,815
232,772
523,402
5
2,338,868
Group Return
Guarantee Fund
6,044,587
1,017,330
239,744
3,521,312
3,471,188
345
14,294,506
Grand Total
(` 000)
778
10
45
833
(` 000)
101 Annexures
123
124
44 Management Report
54 Revenue Account
57 Balance Sheet
Particulars
Particulars
Particulars
Particulars
ULIF 086
24/11/09
LOpport 105
(8,367)
(624)
(8,991)
ULIF 081
26/10/09
LPinnacle 105
(148,909)
(1,945)
(21,587)
(172,441)
Pinnacle Fund
ULIF 022
13/03/06
LMaximis3 105
(477)
(8,097)
(8574)
ULIF 012
17/05/04
LMaximis2 105
(1,938)
(22,451)
(24,389)
Opportunities
Fund
Maximiser
Fund III
Flexi Growth
Fund
ULIF 026
20/03/07
LFlexiGro1 105
(4,898)
(12,811)
(17,709)
Flexi Balanced
Fund IV
ULIF 040
27/08/07
LFlexiBal4 105
(319)
(36)
(355)
Maximiser
Fund II
ULIF 002
22/10/01
LBalancer1 105
(19)
(3,162)
(14,402)
(17,583)
Balancer Fund
Anmol Nivesh
Fund
ULIF 072
28/04/09
LAnmolNiv 105
(1)
(11)
(12)
SCHEDULE: F - 4
ULIF 105
26/10/10
LPinnacle2 105
(88,589)
(1,022)
(89,611)
Pinnacle
Fund II
ULIF 037
27/08/07
LMaximis4 105
(94)
(1,789)
(1,883)
Maximiser
Fund IV
Flexi Growth
Fund II
ULIF 027
20/03/07
LFlexiGro2 105
(1,959)
(1,959)
Balancer
Fund II
ULIF 014
17/05/04
LBalancer2 105
(5)
(470)
(5,894)
(6,369)
ULIF 010
17/05/04
LPreserv1 105
(3)
(690)
(693)
Preserver Fund
ULIF 114
15/03/11
LMaximis5 105
(200,265)
(1,556)
(201,821)
Maximiser
Fund V
Flexi Growth
Fund III
ULIF 028
20/03/07
LFlexiGro3 105
(240)
(6,597)
(6,837)
Balancer
Fund III
ULIF 023
13/03/06
LBalancer3 105
(79)
(4,546)
(4,625)
(34)
(34)
ULIF 021
13/03/06
LPreserv3 105
Preserver
Fund III
ULIF 090
24/11/09
LMoneyMkt 105
(5)
(951)
(956)
Money Market
Fund
Flexi Growth
Fund IV
ULIF 038
27/08/07
LFlexiGro4 105
(1,817)
(15,085)
(16,902)
Balancer
Fund IV
ULIF 039
27/08/07
LBalancer4 105
(1)
(126)
(127)
ULIF 085
24/11/09
LMCapGro 105
(1)
(2,779)
(2,780)
Multi Cap
Growth Fund
ULIF 036
27/08/07
LPreserv4 105
(74)
(74)
Preserver
Fund IV
ULIF 003
22/10/01
LProtect1 105
(41)
(1,626)
(1,667)
Protector
Fund
ULIF 088
24/11/09
LMCapBal 105
(25,065)
(460)
(25,525)
Multi Cap
Balanced Fund
(384)
(384)
ULIF 016
17/05/04
LProtect2 105
(23)
(370)
(393)
Protector
Fund II
(2,208)
(24,741)
(26,949)
ULIF 042
22/11/07
LMultip1 105
Multiplier
Fund
Invest Shield
Cash Fund
ULIF 020
03/01/05
LInvCash 105
(27)
(779)
(806)
ULIF 008
11/08/03
LCashPlus 105
(14)
(429)
(159)
(602)
ULIF 087
24/11/09
LBluChip 105
Discontinued
Fund - Life
ULIF 100
01/07/10
LDiscont 105
(17)
(701)
(116,748)
(117,466)
Bluechip Fund
ULIF 024
13/03/06
LProtect3 105
(2)
(80)
(82)
Protector
Fund III
(357)
(357)
ULIF 044
25/02/08
LMultip2 105
Multiplier
Fund II
Invest Shield
Fund - Life
ULIF 018
03/01/05
LInvShld 105
(4)
(398)
(402)
Dynamic P/E
Fund
ULIF 097
11/01/10
LDynmicPE 105
(395,365)
(3,477)
(398,842)
ULIF 041
27/08/07
LProtect4 105
(22)
(371)
(393)
Protector
Fund IV
(34)
(56)
(90)
ULIF 046
25/02/08
LMultip3 105
Multiplier
Fund III
Life Growth
Fund
ULIF 134
19/09/13
LGF 105
(55,063)
(122)
(55,185)
Flexi Balanced
Fund
ULIF 031
20/03/07
LFlexiBal1 105
(1)
(289)
(290)
(2)
(15,191)
(15,193)
Return
Guarantee
Fund
ULIF 054
18/12/08
LRGF1 105
(164)
(715)
(879)
ULIF 047
25/02/08
LMultip4 105
Multiplier
Fund IV
(101)
(101)
Life Secure
Fund
ULIF 135
19/09/13
LSF 105
Flexi Balanced
Fund II
ULIF 032
20/03/07
LFlexiBal2 105
(1)
(95)
(135)
(231)
(2)
(12,537)
(12,539)
Return
Guarantee
Fund II
ULIF 063
27/01/09
LRGF(T2) 105
(` 000)
New Invest
Shield Balanced
Fund
ULIF 025
21/08/06
LInvShldNw 105
(4)
(461)
(465)
(` 000)
Maximiser
Fund
ULIF 001
22/10/01
LMaximis1 105
(11,584)
(52,629)
(64,213)
(` 000)
Flexi Balanced
Fund III
ULIF 033
20/03/07
LFlexiBal3 105
(18)
(3,591)
(3,609)
(` 000)
59 Schedules
101 Annexures
Particulars
Particulars
Particulars
Particulars
Easy
Retirement
Balanced
Fund
ULIF 132
02/11/12
ERBF 105
(9,996)
(62)
(10,058)
Pension
Income Fund
ULIF 095
11/01/10
PIncome 105
(23)
(1,727)
(22,940)
(24,690)
ULIF 101
01/07/10
PDiscont 105
(32)
(32)
Pension
Growth Fund
ULIF 127
01/12/11
PGROWTH 105
(19,962)
(72)
(20,034)
Discontinued
Fund - Pension
RICH Fund
Pension
Maximiser
Fund II
ULIF 013
17/05/04
PMaximis2 105
(3,169)
(14,219)
(17,388)
ULIF 096
11/01/10
PMoneyMkt 105
(1)
(641)
(642)
ULIF 093
11/01/10
PBluChip 105
(344)
(344)
Return
Guarantee Fund
VIII (10 Yrs)
ULIF 104
12/10/10
LRGF(S1) 105
(56)
(346)
(402)
(436)
(436)
Pension
Multiplier
Fund II
ULIF 045
25/02/08
PMultip2 105
Pension
Opportunities
Fund
ULIF 092
11/01/10
POpport 105
(936)
(26,719)
(27,655)
ULIF 035
20/03/07
PFlexiBal2 105
(1)
(148)
(149)
ULIF 034
20/03/07
PFlexiBal1 105
(296)
(296)
(1,252)
(1,252)
ULIF 043
25/02/08
PMultip1 105
Pension
Multiplier Fund
ULIF 098
11/01/10
PDynmicPE 105
(304,615)
(2,602)
(18,805)
(326,022)
Pension Flexi
Balanced
Fund II
Secure Save
Builder Fund
ULIF 077
29/05/09
LSSavBuil 105
(7)
(7)
Return
Guarantee Fund
VIII (5 Yrs)
ULIF 103
12/10/10
LRGF(T8) 105
(204)
(204)
Pension Flexi
Balanced Fund
(1)
(68)
(15,503)
(15,572)
Pension Dynamic
P/E Fund
(758)
(1,558)
(2,316)
ULIF 051
17/03/08
LRICH4 105
RICH Fund IV
(6)
(73)
(79)
ULIF 082
16/11/09
LRGF(T7) 105
Return Guarantee
Fund VII
ULIF 015
17/05/04
PBalancer2 105
(4)
(894)
(898)
Pension
Bluechip Fund
(105)
(105)
Pension
Balancer Fund II
(1,529)
(1,529)
Pension Money
Market Fund
ULIF 005
03/05/02
PBalancer1 105
(4)
(1,534)
(38,942)
(40,480)
ULIF 019
03/01/05
PInvShld 105
(80)
(80)
Pension
Balancer Fund
Invest Shield
Fund - Pension
(1,819)
(23,841)
(25,660)
(14)
(164)
(178)
ULIF 078
17/06/09
LRGF(T6) 105
(12)
(207)
(219)
ULIF 073
29/04/09
LRGF(T5) 105
Return Guarantee
Fund VI
RICH Fund II
(271)
(265)
(536)
ULIF 106
22/12/10
LRGF(T9) 105
Return Guarantee
Fund IX (5 Yrs)
Pension
Maximiser
Fund
ULIF 004
03/05/02
PMaximis1 105
(1,393)
(31,013)
(32,406)
(16)
(16)
ULIF 133
02/11/12
ERSF 105
Easy
Retirement
Secure Fund
(260)
(260)
Return Guarantee
Fund XI (5 Yrs)
ULIF 120 17/03/11
LRGF(T11) 105
(28)
(36)
(64)
ULIF 107
22/12/10
LRGF(S2) 105
ULIF 069
31/03/09
LRGF(T4) 105
30
(165,041)
(165,071)
Return Guarantee
Fund IX (10 Yrs)
Return Guarantee
Fund IV
(4)
(4)
Return Guarantee
Fund XI (10 Yrs)
ULIF 121 19/04/11
LRGF(S4) 105
(2,599)
(2,599)
Return
Guarantee
Fund III
ULIF 066
26/02/09
LRGF(T3) 105
SCHEDULE: F - 4
Pension
Preserver
Fund
ULIF 011
17/05/04
PPreserv 105
(4)
(1,086)
(1,090)
ULIF 029
20/03/07
PFlexiGro1 105
(5,678)
(5,678)
Pension Flexi
Growth Fund
Secure Save
Guarantee Fund
ULIF 076
29/05/09
LSSavGtee 105
(38)
(452)
(490)
Return
Guarantee Fund
X (10 Yrs)
ULIF 112
13/01/11
LRGF(S3) 105
(94)
(27)
(121)
Pension
Protector
Fund
ULIF 006
03/05/02
PProtect1 105
(140)
(2,948)
(3,088)
(` 000)
ULIF 030
20/03/07
PFlexiGro2 105
(3,206)
(4,187)
(7,393)
Pension Flexi
Growth Fund II
(` 000)
(1,312,625)
(65,561)
(550,035)
(1,928,221)
Total
(` 000)
Return
Guarantee Fund
X (5 Yrs)
ULIF 111
13/01/11
LRGF(T10) 105
(556)
(151)
(707)
(` 000)
125
126
44 Management Report
Particulars
54 Revenue Account
57 Balance Sheet
Particulars
Particulars
Pension Return
Guarantee Fund VIII
Group
Balanced
Fund II
ULGF 041
30/04/13
GBalancer2
105
(1,482)
(2)
(1,484)
ULGF 001
03/04/03
GBalancer
105
(150)
(2,747)
(2,897)
ULIF 060
15/01/09
HFlexiBal 105
(870)
(34)
(904)
ULIF 059
15/01/09
HBalancer 105
(150)
(27)
(177)
Group
Balanced
Fund
Health Flexi
Balanced
Fund
Group Capital
Guarantee
Balanced
Fund
ULGF 006
03/10/05
GCGBal1
105
(24)
(24)
ULIF 057
15/01/09
HFlexiGro 105
(33,333)
(571)
(4,442)
(38,346)
Health Flexi
Growth
Fund
Health
Multiplier
Fund
Group Capital
Guarantee
Balanced
Fund II
ULGF 010
21/03/07
GCGBal2
105
(2)
(385)
(387)
(2)
(19)
(21)
Group Capital
Guarantee
Balanced
Fund III
ULGF 049
27/08/13
GCGBal3
105
(1)
(1)
ULIF 056
15/01/09
HPreserv 105
(5)
(5)
Health
Preserver
Fund
Pension
RICH Fund
(4)
(4)
ULGF 007
28/10/05
GCGDebt1
105
Group Capital
Guarantee Debt
Fund
ULIF 061
15/01/09
HProtect 105
(5)
(89)
(94)
Health
Protector
Fund
ULGF 011
21/03/07
GCGDebt2
105
(4)
(181)
(185)
Group Capital
Guarantee
Debt Fund II
(2)
(2)
ULGF 048
27/08/13
GCGDebt3
105
Group Capital
Guarantee Debt
Fund III
(41)
(41)
ULIF 065
29/01/09
HRGF2 105
Health Return
Guarantee
Fund II
(72)
(72)
ULIF 062
15/01/09
HRGF1 105
Health Return
Guarantee
Fund
(10)
(10)
ULGF 008
11/12/06
GCGGrowth1
105
(17)
(17)
ULGF 012
05/07/07
GCGGrowth2
105
(19)
(19)
Group Capital
Guarantee
Short Term
Debt Fund
ULGF 005
24/02/04
GCGSTDebt1
105
(1)
(68)
(69)
(` 000)
(675)
(675)
(` 000)
(61,813)
(45,842)
(797)
(15,174)
Total
(8)
(8)
Group Capital
Guarantee
Short Term
Debt Fund III
ULGF 031
01/03/12
GCGSTDebt3
105
(21)
(21)
ULIF 084
16/11/09
HRGF7 105
Health Return
Guarantee
Fund VII
(` 000)
(334,786)
(38,475)
(583,607)
(956,868)
Total
(` 000)
(98)
(734)
(832)
Pension Return
Guarantee Fund VII
Group Capital
Guarantee
Short Term
Debt Fund II
ULGF 009
16/03/07
GCGSTDebt2
105
(50)
(50)
ULIF 080
17/06/09
HRGF6 105
Health Return
Guarantee
Fund VI
(21)
(4,586)
(4,607)
(54)
(442)
(496)
Pension Return
Guarantee Fund VI
Health
Return
Guarantee
Fund V
ULIF 075
29/04/09
HRGF5 105
Group Capital
Guarantee
Growth Fund II
(1)
(7,851)
(7,852)
Health
Return
Guarantee
Fund IV
ULIF 071
31/03/09
HRGF4 105
(1)
(64)
(65)
Pension
Secure Fund
(39)
(633)
(672)
Pension Return
Guarantee Fund V
Group Capital
Guarantee
Growth Fund
(799)
(799)
Health
Return
Guarantee
Fund III
ULIF 068
26/02/09
HRGF3 105
(9)
(9)
Pension Return
Guarantee Fund IX
(10 Yrs)
ULIF 108 22/12/10
PRGF(S2) 105
Pension Return
Guarantee Fund IV
Pension Return
Guarantee Fund III
Pension Return
Guarantee Fund II
ULIF 058
15/01/09
HMultip 105
(11,484)
(69)
(1,830)
(13,383)
(21)
(7)
(28)
Pension Return
Guarantee Fund X
(10 Yrs)
ULIF 113 13/01/11
PRGF(S3) 105
Health
Balancer
Fund
(30)
(30)
Pension Return
Guarantee Fund
Pension Protector
Fund II
Particulars
SCHEDULE: F - 4
59 Schedules
Particulars
Particulars
(2)
(2)
SCHEDULE: F - 4
(5)
(1,315)
(1,320)
(1,170)
(1,170)
(353)
(353)
Group Superannuation
Corporate Bond Fund
ULGF 015 22/12/08
GSACorBon 105
(16)
(16)
Group Leave
Encashment Income
Fund
ULGF 014 02/04/08
GLEIncome 105
Total
(1,694,964)
(114,517)
(1,148,816)
(2,958,297)
Grand Total
(` 000)
(1,711)
(9,684)
(11,395)
Group Leave
Encashment Short Term
Fund
ULGF 024 26/02/10
GLEST 105
(120)
(120)
(` 000)
101 Annexures
127
128
44 Management Report
54 Revenue Account
Sources of funds
Policyholders' funds
Policyholder contribution
Revenue account
Total
Application of funds
Investments
Current assets
Less: Current liabilities and provisions
Net current assets
Total
(a) Net asset as per balance sheet (total assets
less current liabilities and provisions) (` '000)
(b) Number of units outstanding (in '000)
(c) NAV per unit (a)/(b) (`)
Particulars
Sources of funds
Policyholders funds
Policyholder contribution
Revenue account
Total
Application of funds
Investments
Current assets
Less: Current liabilities and provisions
Net current assets
Total
(a) Net asset as per balance sheet (total assets
less current liabilities and provisions) (` 000)
(b) Number of units outstanding (in 000)
(c) NAV per unit (a)/(b) (`)
Particulars
21,116,417
49,351
10,512
38,839
21,155,256
21,155,256
1,387,728
15.24
254,316
4,653
1,997
2,656
256,972
256,972
17,828
14.41
F-2
F-3
F-4
11,100,706
10,054,550
21,155,256
234,992
21,980
256,972
F-1
Schedule
495
13.25
Flexi
Growth
Fund
ULIF 026
20/03/07
LFlexiGro1
105
315,879
38.55
5,488
1,083
7
1,076
6,564
6,564
F-2
F-3
F-4
Flexi
Balanced
Fund IV
ULIF 040
27/08/07
LFlexiBal4
105
11,780,695
545,534
149,400
396,134
12,176,829
12,176,829
6,285
279
6,564
1,328,064
10,848,765
12,176,829
Balancer
Fund
ULIF 002
22/10/01
LBalancer1
105
F-1
Schedule
Anmol
Nivesh Fund
ULIF 072
28/04/09
LAnmolNiv
105
11,669,552
8,949
5,335
3,614
11,673,166
11,673,166
10,064,815
1,608,351
11,673,166
ULIF 026
20/03/07
LFlexiGro2
105
Flexi Growth
Fund II
139,312
26.89
3,637,198
114,942
5,643
109,299
3,746,497
3,746,497
346,386
3,400,111
3,746,497
Balancer
Fund II
ULIF 014
17/05/04
LBalancer2
105
75,441
15.24
1,151,378
968
2,710
(1,742)
1,149,636
1,149,636
755,099
394,537
1,149,636
Flexi
Growth
Fund III
ULIF 026
20/03/07
LFlexiGro3
105
18,811
17.87
328,500
9,333
1,637
7,696
336,196
336,196
55,360
280,836
336,196
Balancer
Fund III
ULIF 023
13/03/06
LBalancer3
105
781,569
13.53
10,550,466
24,189
1,950
22,239
10,572,705
10,572,705
8,849,698
1,723,007
10,572,705
ULIF 026
27/08/07
LFlexiGro4
105
Flexi Growth
Fund IV
54,620
16.21
873,855
25,563
14,229
11,334
885,189
885,189
796,296
88,893
885,189
Balancer
Fund IV
ULIF 039
27/08/07
LBalancer4
105
139,777
19.44
2,512,838
701,063
496,170
204,893
2,717,731
2,717,731
2,035,946
681,785
2,717,731
2,065,453
10.46
20,774,535
1,147,916
308,848
839,068
21,613,603
21,613,603
21,889,202
(275,599)
21,613,603
ULIF 116
15/03/11
LHighNavB
105
Highest NAV
Fund B
692,792
13.14
8,225,732
878,010
1,565
876,445
9,102,177
9,102,177
8,823,074
279,103
9,102,177
ULIF 089
24/11/09
LIncome
105
Income Fund
156,873
10.61
1,631,032
34,209
272
33,937
1,664,969
1,664,969
1,775,441
(110,472)
1,664,969
271,004
18.58
4,786,554
250,231
845
249,386
5,035,940
5,035,940
4,382,091
653,849
5,035,940
ULIF 020
03/01/05
LInvCash
105
Invest Shield
Cash Fund
364,970
11.79
4,168,032
171,415
37,622
133,793
4,301,825
4,301,825
4,126,244
175,581
4,301,825
Discontinued
Fund - Life
ULIF 100
01/07/10
LDiscont
105
108,584
21.66
2,235,903
439,517
323,028
116,489
2,352,392
2,352,392
1,853,727
498,665
2,352,392
ULIF 018
03/01/05
LInvShield
105
Invest Shield
Fund - Life
1,484,606
11.49
16,700,159
354,079
2,799
351,280
17,051,439
17,051,439
17,801,077
(749,638)
17,051,439
Dynamic P/E
Fund
ULIF 097
11/01/10
LDynmicPE
105
621,611
69.45
42,863,013
534,755
225,880
308,875
43,171,888
43,171,888
3,827,817
39,344,071
43,171,888
ULIF 001
22/10/01
LMaximis1
105
Maximiser
Fund
77,989
14.87
1,138,720
22,970
1,610
21,360
1,160,080
1,160,080
789,191
370,889
1,160,080
Flexi Balanced
Fund
ULIF 031
20/03/07
LFlexiBal1
105
261,490
39.68
10,307,419
110,593
42,446
68,147
10,375,566
10,375,566
295,341
10,080,225
10,375,566
ULIF 012
17/05/04
LMaximis2
105
Maximiser
Fund II
49,119
16.26
782,864
16,610
984
15,626
798,490
798,490
671,404
127,086
798,490
Flexi Balanced
Fund II
ULIF 032
20/03/07
LFlexiBal2
105
111,089
17.66
1,954,949
20,927
14,584
6,343
1,961,292
1,961,292
77,944
1,883,348
1,961,292
ULIF 022
13/03/06
LMaximis3
105
Maximiser
Fund III
(` 000)
4,208
14.71
60,498
1,495
86
1,409
61,907
61,907
33,993
27,914
61,907
Flexi Balanced
Fund III
ULIF 033
20/03/07
LFlexiBal3
105
(` 000)
57 Balance Sheet
59 Schedules
Sources of funds
Policyholders funds
Policyholder contribution
Revenue account
Total
Application of funds
Investments
Current assets
Less: Current liabilities and provisions
Net current assets
Total
(a) Net asset as per balance sheet (total assets
less current liabilities and provisions) (` 000)
(b) Number of units outstanding (in 000)
(c) NAV per unit (a)/(b) (`)
Particulars
Sources of funds
Policyholders funds
Policyholder contribution
Revenue account
Total
Application of funds
Investments
Current assets
Less: Current liabilities and provisions
Net current assets
Total
(a) Net asset as per balance sheet (total assets
less current liabilities and provisions) (` 000)
(b) Number of units outstanding (in 000)
(c) NAV per unit (a)/(b) (`)
Particulars
4,195,686
157,989
51,420
106,569
4,302,255
4,302,255
450,979
9.54
F-2
F-3
F-4
2,471,058
1,353,458
3,824,516
ULIF 010
17/05/04
LPreserv1
105
4,516,015
(213,760)
4,302,255
ULIF 105
26/10/10
LPinnacle2
105
Preserver
Fund
246,434
11.82
41,373
14.21
Pinnacle
Fund II
2,830,971
184,995
103,142
81,853
2,912,824
2,912,824
2,959,864
(47,040)
2,912,824
ULIF 114
15/03/11
LMaximis5
105
584,161
6,613
2,786
3,827
587,988
587,988
386,857
201,131
587,988
ULIF 037
27/08/07
LMaximis4
105
Maximiser
Fund V
F-1
Schedule
F-2
F-3
F-4
F-1
Schedule
Maximiser
Fund IV
101 Annexures
11,644
17.60
201,808
4,033
854
3,179
204,987
204,987
132,331
72,656
204,987
ULIF 021
13/03/06
LPreserv3
105
Preserver
Fund III
235,669
12.95
2,842,573
208,917
266
208,651
3,051,224
3,051,224
2,908,816
142,408
3,051,224
ULIF 090
24/11/09
LMoneyMkt
105
Money
Market Fund
16,842
15.81
252,263
14,081
24
14,057
266,320
266,320
237,755
28,565
266,320
ULIF 036
27/08/07
LPreserv4
105
Preserver
Fund IV
143,967
11.81
1,633,454
74,404
7,570
66,834
1,700,288
1,700,288
1,672,511
27,777
1,700,288
Multi Cap
Balanced
Fund
ULIF 088
24/11/09
LMCapBal
105
368,540
24.23
8,498,378
434,142
1,774
432,368
8,930,746
8,930,746
4,832,758
4,097,988
8,930,746
ULIF 003
22/10/01
LProtect1
105
Protector
Fund
1,060,126
11.65
12,140,634
210,789
2,020
208,769
12,349,403
12,349,403
12,789,134
(439,731)
12,349,403
ULIF 085
24/11/09
LMCapGro
105
Multi Cap
Growth Fund
179,909
11.99
2,155,953
1,923
398
1,525
2,157,478
2,157,478
1,855,935
301,543
2,157,478
ULIF 044
25/02/08
LMultip2
105
198,628
19.08
3,609,194
182,045
550
181,495
3,790,689
3,790,689
2,152,172
1,638,517
3,790,689
ULIF 016
17/05/04
LProtect2
105
26,075
17.11
428,528
19,794
2,273
17,521
446,049
446,049
226,830
219,219
446,049
ULIF 024
13/03/06
LProtect3
105
1,006,923
10.39
10,466,481
8,303
16,234
(7,931)
10,458,550
10,458,550
6,053,770
4,404,780
10,458,550
ULIF 042
22/11/07
LMultip1
105
245,185
16.28
3,798,109
193,890
429
193,461
3,991,570
3,991,570
3,458,872
532,698
3,991,570
ULIF 041
27/08/07
LProtect4
105
Protector
Fund IV
13,759
11.43
157,365
139
223
(84)
157,281
157,281
102,006
55,275
157,281
ULIF 046
25/02/08
LMultip3
105
Multiplier
Fund III
32,189
14.27
403,122
57,041
919
56,122
459,244
459,244
348,452
110,792
459,244
Return
Guarantee
Fund
ULIF 054
18/12/08
LRGF1
105
86,068
11.91
1,021,587
3,316
189
3,127
1,024,714
1,024,714
858,050
166,664
1,024,714
ULIF 047
25/02/08
LMultip4
105
Multiplier
Fund IV
36,686
13.85
461,466
47,909
1,226
46,683
508,149
508,149
404,423
103,726
508,149
Return
Guarantee
Fund II
ULIF 063
27/01/09
LRGF(T2)
105
159,475
17.82
2,753,750
93,277
4,479
88,798
2,842,548
2,842,548
2,299,567
542,981
2,842,548
New Invest
Shield Balanced
Fund
ULIF 025
21/08/06
LInvShldNw
105
34,857
13.61
426,872
50,574
2,944
47,630
474,502
474,502
373,150
101,352
474,502
Return
Guarantee
Fund III
ULIF 066
26/02/09
LRGF(T3)
105
279,832
11.35
3,213,029
61,910
99,497
(37,587)
3,175,442
3,175,442
3,314,192
(138,750)
3,175,442
ULIF 086
24/11/09
LOpport
105
Opportunities
Fund
13,982
13.35
165,976
25,193
4,463
20,730
186,706
186,706
151,905
34,801
186,706
Return
Guarantee
Fund IV
ULIF 069
31/03/09
LRGF(T4)
105
(` 000)
953,254
11.71
11,219,682
878,930
934,310
(55,380)
11,164,302
11,164,302
11,567,418
(403,116)
11,164,302
ULIF 081
26/10/09
LPinnacle
105
Pinnacle Fund
(` 000)
129
130
44 Management Report
54 Revenue Account
Sources of funds
Policyholders funds
Policyholder contribution
Revenue account
Total
Application of funds
Investments
Current assets
Less: Current liabilities and provisions
Net current assets
Total
(a) Net asset as per balance sheet (total assets
less current liabilities and provisions) (` 000)
(b) Number of units outstanding (in 000)
(c) NAV per unit (a)/(b) (`)
Particulars
Sources of funds
Policyholders funds
Policyholder contribution
Revenue account
Total
Application of funds
Investments
Current assets
Less: Current liabilities and provisions
Net current assets
Total
(a) Net asset as per balance sheet (total assets
less current liabilities and provisions) (` 000)
(b) Number of units outstanding (in 000)
(c) NAV per unit (a)/(b) (`)
Particulars
89,482
11.86
999,176
61,914
196
61,718
1,060,894
1,060,894
911,097
149,797
1,060,894
Return
Guarantee
Fund VIII
(5 Yrs)
ULIF 103
12/10/10
LRGF(T8)
105
511,025
10,825
4,097
6,728
517,753
517,753
40,731
12.71
9,421,890
(168,682)
9,253,208
9,208,648
93,482
48,922
44,560
9,253,208
9,253,208
697,175
13.27
F-2
F-3
F-4
325,876
191,877
517,753
RICH
Fund III
ULIF 050 17/03/08 LRICH3
105
2,955
12.43
33,569
3,250
84
3,166
36,735
36,735
32,955
3,780
36,735
ULIF 082
16/11/09
LRGF(T7)
105
Return
Guarantee
Fund VII
F-1
RICH
Fund II
ULIF 049 17/03/08 LRICH2
105
6,894
12.84
6,626
12.87
Schedule
81,560
7,070
141
6,929
88,489
88,489
79,309
6,013
60
5,953
85,262
85,262
F-2
F-3
F-4
75,854
12,635
88,489
ULIF 078
17/06/09
LRGF(T6)
105
76,838
8,424
85,262
ULIF 073
29/04/09
LRGF(T5)
105
Return
Guarantee
Fund VI
F-1
Schedule
Return
Guarantee
Fund V
4,332,702
53,834
38,487
15,347
4,348,049
4,348,049
4,357,675
(9,626)
4,348,049
12,332
12.00
139,030
9,029
29
9,000
148,030
148,030
125,537
22,493
148,030
25,049
18.23
435,049
82,017
60,423
21,594
456,643
456,643
348,533
108,110
456,643
118,050
11.85
1,320,585
79,144
778
78,366
1,398,951
1,398,951
1,202,548
196,403
1,398,951
RICH
Fund IV
ULIF 051 17/03/08 LRICH4
105
24,856
12.07
280,824
19,228
55
19,173
299,997
299,997
253,616
46,381
299,997
Return
Guarantee
Fund VIII
(10 Yrs)
ULIF 104
12/10/10
LRGF(S1)
105
41,981
11.99
468,792
34,597
103
34,494
503,286
503,286
434,817
68,469
503,286
Return
Guarantee
Fund X
(10 Yrs)
ULIF 112
13/01/11
LRGF(S3)
105
2,979
12.50
36,603
651
6
645
37,248
37,248
37,865
(617)
37,248
241,630
11.88
2,636,086
234,267
853
233,414
2,869,500
2,869,500
2,483,010
386,490
2,869,500
Return
Guarantee
Fund X
(5 Yrs)
ULIF 111
13/01/11
LRGF(T10)
105
12,409
12.48
151,684
3,239
33
3,206
154,890
154,890
155,290
(400)
154,890
2,059
11.75
22,872
1,317
4
1,313
24,185
24,185
22,730
1,455
24,185
Return
Guarantee
Fund XI
(10 Yrs)
ULIF 121
19/04/11
LRGF(S4)
105
116,296
11.78
1,276,955
92,811
253
92,558
1,369,513
1,369,513
1,217,761
151,752
1,369,513
ULIF 120
17/03/11
LRGF(T11)
105
Return
Guarantee Fund
XI (5 Yrs)
18,425,928
287,303,772
9,374,383
3,089,237
6,285,146
293,588,918
293,588,918
196,736,310
96,852,608
293,588,918
Total
(` 000)
680,526
12.70
8,572,660
109,154
41,613
67,541
8,640,201
8,640,201
7,258,384
1,381,817
8,640,201
ULIF 048
17/03/08
LRICH1
105
RICH Fund
(` 000)
57 Balance Sheet
59 Schedules
Sources of funds
Policyholders funds
Policyholder contribution
Revenue account
Total
Application of funds
Investments
Current assets
Less: Current liabilities and provisions
Net current assets
Total
(a) Net asset as per balance sheet
(total assets less current liabilities and
provisions) (` 000)
(b) Number of units outstanding (in 000)
(c) NAV per unit (a)/(b) (`)
Particulars
Sources of funds
Policyholders funds
Policyholder contribution
Revenue account
Total
Application of funds
Investments
Current assets
Less: Current liabilities and provisions
Net current assets
Total
(a) Net asset as per balance sheet
(total assets less current liabilities and
provisions) (` 000)
(b) Number of units outstanding (in 000)
(c) NAV per unit (a)/(b) (`)
Particulars
205,983
12.89
4,934,882
12,420,343
17,355,225
17,190,253
238,422
73,450
164,972
17,355,225
17,355,225
420,230
41.30
F-2
F-3
F-4
2,589,069
66,349
2,655,418
Pension
Money Market
Fund
ULIF 096
11/01/10
PMoneyMkt
105
198,163
33.40
21,709
21.73
Pension
Maximiser
Fund II
ULIF 013
17/05/04
PMaximis2
105
6,452,954
181,208
16,504
164,704
6,617,658
6,617,658
4,203,587
2,414,071
6,617,658
459,937
56,231
44,441
11,790
471,727
471,727
340,327
131,400
471,727
Pension
Balancer
Fund
ULIF 005
03/05/02
PBalancer1
105
F-1
Schedule
F-2
F-3
F-4
F-1
Schedule
Invest Shield
Fund Pension
ULIF 019
03/01/05
PInvShld
105
101 Annexures
211,634
11.25
2,318,568
68,846
7,408
61,438
2,380,006
2,380,006
2,483,503
(103,497)
2,380,006
Pension Multi
Cap Balanced
Fund
ULIF 094
11/01/10
PMCapBal
105
298,060
25.52
7,384,316
224,342
970
223,372
7,607,688
7,607,688
4,057,316
3,550,372
7,607,688
Pension
Balancer
Fund II
ULIF 015
17/05/04
PBalancer2
105
1,369,463
11.45
15,534,771
146,806
2,600
144,206
15,678,977
15,678,977
16,624,216
(945,239)
15,678,977
565,760
10.04
5,682,697
4,915
5,722
(807)
5,681,890
5,681,890
5,335,413
346,477
5,681,890
Pension
Multiplier
Fund
ULIF 043
25/02/08
PMultip1
105
1,583,196
11.29
17,823,414
54,138
2,967
51,171
17,874,585
17,874,585
19,505,956
(1,631,371)
17,874,585
Pension
Dynamic
P/E Fund
ULIF 098
11/01/10
PDynmicPE
105
Pension Multi
Cap Growth
Fund
ULIF 091
11/01/10
PMCapGro
105
231,928
10.04
2,320,855
7,438
386
7,052
2,327,907
2,327,907
2,658,632
(330,725)
2,327,907
Pension
Bluechip
Fund
ULIF 093
11/01/10
PBluChip
105
81,689
16.28
1,293,050
41,414
4,776
36,638
1,329,688
1,329,688
903,099
426,589
1,329,688
293,768
10.46
3,070,415
3,862
568
3,294
3,073,709
3,073,709
2,655,444
418,265
3,073,709
602,561
10.95
6,711,157
9,220
123,021
(113,801)
6,597,356
6,597,356
7,222,871
(625,515)
6,597,356
76,393
15.33
1,136,201
35,586
326
35,260
1,171,461
1,171,461
1,044,945
126,516
1,171,461
294,043
19.42
5,571,924
150,817
11,711
139,106
5,711,030
5,711,030
4,592,211
1,118,819
5,711,030
Pension
Preserver
Fund
ULIF 011
17/05/04
PPreserv
105
1,555,610
15.03
23,329,872
63,688
13,673
50,015
23,379,887
23,379,887
19,379,582
4,000,305
23,379,887
779,895
21.62
15,869,379
1,020,806
25,591
995,215
16,864,594
16,864,594
13,081,708
3,782,886
16,864,594
Pension
Protector
Fund
ULIF 006
03/05/02
PProtect1
105
1,347,882
15.78
21,218,023
62,635
14,909
47,726
21,265,749
21,265,749
11,576,602
9,689,147
21,265,749
ULIF 030
20/03/07
PFlexiGro2 105
Pension Flexi
Growth
Fund II
415,581
18.91
7,462,799
1,233,102
838,977
394,125
7,856,924
7,856,924
5,590,678
2,266,246
7,856,924
Pension
Protector
Fund II
ULIF 017
17/05/04
PProtect2
105
21,508
9.34
170,662
39,361
9,076
30,285
200,947
200,947
208,805
(7,858)
200,947
ULIF 127
01/12/11
PGROWTH
105
Pension
Growth Fund
104,386
14.28
1,336,455
156,450
2,317
154,133
1,490,588
1,490,588
1,018,512
472,076
1,490,588
Pension Return
Guarantee
Fund
ULIF 055
18/12/08
PRGF1
105
718,640
12.93
8,659,919
634,602
1,546
633,056
9,292,975
9,292,975
9,126,507
166,468
9,292,975
ULIF 095
11/01/10
PIncome
105
Pension Income
Fund
101,327
13.81
1,261,253
138,336
258
138,078
1,399,331
1,399,331
931,684
467,647
1,399,331
Pension Return
Guarantee
Fund II
ULIF 064
27/01/09
PRGF2
105
(` 000)
78,346
70.55
5,509,004
53,184
34,955
18,229
5,527,233
5,527,233
1,611,858
3,915,375
5,527,233
Pension
Maximiser
Fund
ULIF 004
03/05/02
PMaximis1
105
(` 000)
131
132
44 Management Report
54 Revenue Account
Sources of funds
Policyholders funds
Policyholder contribution
Revenue account
Total
Application of funds
Investments
Current assets
Less: Current liabilities and provisions
Net current assets
Total
(a) Net asset as per balance sheet (total assets
less current liabilities and provisions) (` 000)
(b) Number of units outstanding (in 000)
(c) NAV per unit (a)/(b) (`)
Particulars
Sources of funds
Policyholders funds
Policyholder contribution
Revenue account
Total
Application of funds
Investments
Current assets
Less: Current liabilities and provisions
Net current assets
Total
(a) Net asset as per balance sheet (total assets
less current liabilities and provisions) (` 000)
(b) Number of units outstanding (in 000)
(c) NAV per unit (a)/(b) (`)
Particulars
188,920
8,129
5,138
2,991
191,911
191,911
10,820
17.74
157,736
7,991
638
7,353
165,089
165,089
10,168
16.24
F-2
F-3
F-4
295,009
(103,098)
191,911
244,297
(79,208)
165,089
F-1
Schedule
95,527
13.62
Health Flexi
Balanced
Fund
ULIF 060
15/01/09
HFlexiBal
105
36,107
13.38
1,174,124
136,318
9,755
126,563
1,300,687
1,300,687
F-2
F-3
F-4
Health
Balancer
Fund
ULIF 059
15/01/09
HBalancer
105
438,690
57,533
13,047
44,486
483,176
483,176
879,522
421,165
1,300,687
354,836
128,340
483,176
ULIF 070
31/03/09
PRGF4
105
ULIF 067
26/02/09
PRGF3
105
F-1
Schedule
Pension
Return
Guarantee
Fund IV
Pension
Return
Guarantee
Fund III
2,383,832
52,211
101,044
(48,833)
2,334,999
2,334,999
3,835,480
(1,500,481)
2,334,999
Health Flexi
Growth
Fund
ULIF 057
15/01/09
HFlexiGro
105
19,722
12.88
236,596
17,825
461
17,364
253,960
253,960
201,659
52,301
253,960
ULIF 074
29/04/09
PRGF5
105
Pension
Return
Guarantee
Fund V
14,287
20.50
301,607
6,324
15,092
(8,768)
292,839
292,839
472,032
(179,193)
292,839
Health
Multiplier
Fund
ULIF 058
15/01/09
HMultip
105
26,995
12.83
327,995
18,466
113
18,353
346,348
346,348
275,888
70,460
346,348
ULIF 079
17/06/09
PRGF6
105
Pension
Return
Guarantee
Fund VI
2,114
13.96
28,781
742
3
739
29,520
29,520
40,987
(11,467)
29,520
Health
Preserver
Fund
ULIF 056
15/01/09
HPreserv
105
51,515
12.40
606,724
35,436
3,330
32,106
638,830
638,830
562,285
76,545
638,830
ULIF 083
16/11/09
PRGF7
105
Pension
Return
Guarantee
Fund VII
4,136
11.98
46,303
3,290
26
3,264
49,567
49,567
41,503
8,064
49,567
49,778
14.94
699,957
43,680
79
43,601
743,558
743,558
1,113,555
(369,997)
743,558
931
14.20
10,610
2,661
48
2,613
13,223
13,223
52,994
(39,771)
13,223
12,951
12.10
147,264
9,418
34
9,384
156,648
156,648
130,414
26,234
156,648
1,038
13.86
12,432
2,170
215
1,955
14,387
14,387
62,526
(48,139)
14,387
Health Return
Guarantee
Fund II
ULIF 065
29/01/09
HRGF2
105
9,493
11.99
108,032
5,859
28
5,831
113,863
113,863
96,207
17,656
113,863
Pension
Return
Guarantee
Fund X
(10 Yrs)
ULIF 113
13/01/11
PRGF(S3)
105
1,271
13.66
14,432
3,193
264
2,929
17,361
17,361
65,501
(48,140)
17,361
ULIF 068
26/02/09
HRGF3 105
Health Return
Guarantee
Fund III
1,106
11.83
12,326
764
3
761
13,087
13,087
10,996
2,091
13,087
Pension
Return
Guarantee
Fund XI (10
Yrs)
ULIF 122
19/04/11
PRGF(S4)
105
680
13.47
7,522
2,004
366
1,638
9,160
9,160
30,263
(21,103)
9,160
Health Return
Guarantee
Fund IV
ULIF 071
31/03/09
HRGF4
105
1,420,395
13.59
19,113,373
196,957
9,973
186,984
19,300,357
19,300,357
16,203,179
3,097,178
19,300,357
ULIF 052
17/03/08
PRICH1
105
Pension RICH
Fund
285
13.08
3,039
704
18
686
3,725
3,725
15,186
(11,461)
3,725
Health Return
Guarantee
Fund V
ULIF 075
29/04/09
HRGF5
105
966,950
14.17
13,608,787
116,254
22,986
93,268
13,702,055
13,702,055
9,848,339
3,853,716
13,702,055
ULIF 053
17/03/08
PRICH2
105
Pension
RICH Fund II
157
12.89
1,654
372
4
368
2,022
2,022
8,657
(6,635)
2,022
Health Return
Guarantee
Fund VI
ULIF 080
17/06/09
HRGF6
105
18,372
10.13
144,612
41,599
30
41,569
186,181
186,181
186,928
(747)
186,181
ULIF 128
01/12/11
PSECURE
105
Pension
Secure Fund
110
12.37
1,116
253
3
250
1,366
1,366
4,981
(3,615)
1,366
Health Return
Guarantee
Fund VII
ULIF 084
16/11/09
HRGF7
105
10,947
17.62
187,351
25,304
19,730
5,574
192,925
192,925
137,779
55,146
192,925
ULIF 009
17/11/03
PSecPlus
105
Secure Plus
Pension Fund
205,993
3,811,638
130,434
122,912
7,522
3,819,160
3,819,160
6,241,468
(2,422,308)
3,819,160
Total
(` 000)
14,251,971
216,502,678
5,363,471
1,315,912
4,047,559
220,550,237
220,550,237
170,606,942
49,943,295
220,550,237
Total
(` 000)
57 Balance Sheet
59 Schedules
Sources of funds
Policyholders funds
Policyholder contribution
Revenue account
Total
Application of funds
Investments
Current assets
Less: Current liabilities and provisions
Net current assets
Total
(a) Net asset as per balance sheet (total assets
less current liabilities and provisions) (` 000)
(b) Number of units outstanding (in 000)
(c) NAV per unit (a)/(b) (`)
Particulars
Sources of funds
Policyholders funds
Policyholder contribution
Revenue account
Total
Application of funds
Investments
Current assets
Less: Current liabilities and provisions
Net current assets
Total
(a) Net asset as per balance sheet (total assets
less current liabilities and provisions) (` 000)
(b) Number of units outstanding (in 000)
(c) NAV per unit (a)/(b) (`)
Particulars
ULGF 014
02/04/08
GLEIncome 105
601,968
87,908
105
87,803
689,771
689,771
54,605
12.63
68,164
21,690
89,854
83,540
6,334
20
6,314
89,854
89,854
6,550
13.72
F-2
F-3
F-4
614,066
75,705
689,771
Group Leave
Encashment
Short Term Fund
5,527
18.30
599,903
26.88
101 Annexures
18,496
13.66
216,182
36,552
54
36,498
252,680
252,680
(374,170)
626,850
252,680
ULGF 021
10/02/09
GRGF1 105
387
13.14
3,920
1,168
1
1,167
5,087
5,087
(21,889)
26,976
5,087
ULGF 022
30/03/09
GRGF2 105
209,852
12.79
2,481,783
202,505
573
201,932
2,683,715
2,683,715
2,111,385
572,330
2,683,715
ULGF 023
16/06/09
GRGF3 105
3,656
15.80
56,999
1,126
369
757
57,756
57,576
37,550
20,206
57,756
ULGF 012
05/07/07
GCGGrowth2
105
12,639
11.63
135,916
11,135
29
11,106
147,022
147,022
126,574
20,448
147,022
ULGF 026
14/03/11
GRGFS5 105
Group Return
Guarantee
Fund - S5
333,182
19.56
45,949
11.57
531,540
6,091,488
426,638
1,009
425,629
6,517,117
6,517,117
4,177,452
2,339,665
6,517,117
ULGF 003
03/04/03
GSTDebt 105
499,821
31,834
115
31,719
531,540
459,663
71,877
531,540
ULGF 028
01/07/11
GRGFS7 105
647,880
21.15
12,818,248
884,341
2,240
882,101
13,700,349
13,700,349
10,867,357
2,832,992
13,700,349
ULGF 002
03/04/03
GDebt
105
Group Debt
Fund
195,988
11.83
2,170,780
148,767
370
148,397
2,319,177
2,319,177
1,991,268
327,909
2,319,177
Group
Superannuation
Corporate Bond
Fund
ULGF 015
22/12/08
GSACorBon 105
192,039
16.05
2,966,964
114,940
545
114,395
3,081,359
3,081,359
2,103,029
978,330
3,081,359
Group Capital
Guarantee
Short Term Debt
Fund II
ULGF 009
16/03/07
GCGSTDebt2
105
Group Short
Term Debt Fund
5,916
18.89
108,842
2,911
16
2,895
111,737
111,737
38,595
73,142
111,737
ULGF 005
24/02/04
GCGSTDebt1
105
Group Capital
Guarantee Short
Term Debt Fund
Group Return
Guarantee
Fund - S7
1,685
16.68
27,399
757
46
711
28,110
28,110
19,078
9,032
28,110
ULGF 008
11/12/06
GCGGrowth1
105
Group Capital
Guarantee
Growth Fund II
Group Return
Guarantee
Fund III
50,955
18.46
905,126
35,848
199
35,649
940,775
940,775
509,518
431,257
940,775
ULGF 011
21/03/07
GCGDebt2
105
Group Capital
Guarantee Debt
Fund II
Group Return
Guarantee
Fund II
614
21.49
12,245
960
13
947
13,192
13,192
9,010
4,182
13,192
ULGF 007
28/10/05
GCGDebt1
105
Group Capital
Guarantee Debt
Fund
Group Return
Guarantee
Fund
100,503
16.61
1,607,285
75,551
13,230
62,321
1,669,606
1,669,606
1,137,435
532,171
1,669,606
Group Capital
Guarantee
Balanced
Fund II
ULGF 010
21/03/07
GCGBal2
105
Group Leave
Encashment
Income Fund
96,751
4,485
89
4,396
101,147
101,147
20,042
81,105
101,147
15,275,400
870,804
21,476
849,328
16,124,728
16,124,728
10,309,917
5,814,811
16,124,728
ULGF 001
03/04/03
GBalanced
105
Group Capital
Guarantee
Balanced
Fund
ULGF 006
03/10/05
GCGBal1
105
F-1
Schedule
F-2
F-3
F-4
F-1
Schedule
Group
Balanced
Fund
2,740,294
54,090,432
3,220,848
61,321
3,159,527
57,249,959
57,249,959
39,742,464
17,507,495
57,249,959
Total
201,304
36.61
7,136,305
247,348
14,536
232,812
7,369,117
7,369,117
4,919,441
2,449,676
7,369,117
ULGF 004
30/10/03
GGrowth
105
Group Growth
Fund
35,624,186
561,708,520
18,089,136
4,589,382
13,499,754
575,208,274
575,208,274
413,327,184
161,881,090
575,208,274
Grand Total
(` 000)
52,664
15.50
793,470
28,936
6,286
22,650
816,120
816,120
618,979
197,141
816,120
ULGF 013
02/04/08 GLEBal
105
Group Leave
Encashment
Balanced Fund
(` 000)
133
134
44 Management Report
54 Revenue Account
57 Balance Sheet
Opening balance
Add: Additions during the year*
Less: Deductions during the year**
Closing balance
* Represents unit creation
** Represents unit cancellation
Particulars
Opening balance
Add: Additions during the year*
Less: Deductions during the year**
Closing balance
* Represents unit creation
** Represents unit cancellation
Particulars
Opening balance
Add: Additions during the year*
Less: Deductions during the year**
Closing balance
* Represents unit creation
** Represents unit cancellation
Particulars
Opening balance
Add: Additions during the year*
Less: Deductions during the year**
Closing balance
* Represents unit creation
** Represents unit cancellation
Particulars
Preserver
Fund
ULIF 010
17/05/04
LPreserv1 105
2,493,607
1,653,395
1,675,944
2,471,058
ULIF 105
26/10/10
LPinnacle2 105
3,237,360
1,564,280
285,625
4,516,015
546,684
2,485,205
72,025
2,959,864
ULIF 114
15/03/11
LMaximis5 105
Pinnacle
Fund II
631,883
52,395
297,421
386,857
ULIF 037
27/08/07
LMaximis4 105
Maximiser
Fund V
Flexi Growth
Fund
ULIF 026
20/03/07
LFlexiGro1 105
20,194,972
1,489,022
10,583,288
11,100,706
Flexi Balanced
Fund IV
ULIF 040
27/08/07
LFlexiBal4 105
217,540
60,329
42,877
234,992
Maximiser
Fund IV
Balancer
Fund
ULIF 002
22/10/01
LBalancer1 105
3,673,121
753,204
3,098,261
1,328,064
Anmol
Nivesh Fund
ULIF 072
28/04/09
LAnmolNiv 105
5,206
1,346
267
6,285
SCHEDULE: F-1
ULIF 021
13/03/06
LPreserv3 105
156,883
54,888
79,440
132,331
Preserver
Fund III
Balancer
Fund III
ULIF 023
13/03/06
LBalancer3 105
158,569
5,102
108,311
55,360
ULIF 036
27/08/07
LPreserv4 105
164,199
169,220
95,664
237,755
Preserver
Fund IV
Multi Cap
Balanced
Fund
ULIF 088
24/11/09
LMCapBal
105
933,773
781,528
42,790
1,672,511
Flexi Growth
Fund III
ULIF 028
20/03/07
LFlexiGro3 105
1,318,335
863
564,099
755,099
1,396,541
1,835,794
323,519
2,908,816
ULIF 090
24/11/09
LMoneyMkt 105
Money Market
Fund
Flexi Growth
Fund II
ULIF 027
20/03/07
LFlexiGro2 105
12,802,614
1,095,704
3,833,503
10,064,815
Balancer
Fund II
ULIF 014
17/05/04
LBalancer2 105
781,583
285,112
720,309
346,386
ULIF 003
22/10/01
LProtect1 105
5,531,174
2,599,285
3,297,701
4,832,758
Protector
Fund
8,731,474
4,665,022
607,362
12,789,134
ULIF 085
24/11/09
LMCapGro 105
Multi Cap
Growth Fund
Flexi Growth
Fund IV
ULIF 038
27/08/07
LFlexiGro4 105
10,796,052
1,707,665
3,654,019
8,849,698
Balancer
Fund IV
ULIF 039
27/08/07
LBalancer4 105
712,554
238,446
154,704
796,296
2,213,777
225,677
583,519
1,855,935
ULIF 044
25/02/08
LMultip2 105
Multiplier
Fund II
ULIF 016
17/05/04
LProtect2 105
2,305,778
863,651
1,017,257
2,152,172
Protector
Fund II
ULIF 024
13/03/06
LProtect3 105
314,908
109,121
197,199
226,830
Protector
Fund III
10,708,987
801,881
5,457,098
6,053,770
ULIF 042
22/11/07
LMultip1 105
Multiplier Fund
ULIF 041
27/08/07
LProtect4 105
3,422,501
1,027,348
990,977
3,458,872
Protector
Fund IV
169,799
354
68,147
102,006
ULIF 046
25/02/08
LMultip3 105
Multiplier
Fund III
Invest Shield
Cash Fund
ULIF 020
03/01/05
LInvCash 105
4,245,610
510,345
373,864
4,382,091
Discontinued
Fund - Life
ULIF 100
01/07/10
LDiscont 105
656,089
3,474,164
4,009
4,126,244
ULIF 054
18/12/08
LRGF1 105
473,321
168
125,037
348,452
Return
Guarantee Fund
1,019,403
147,820
309,173
858,050
ULIF 047
25/02/08
LMultip4 105
Multiplier
Fund IV
Invest Shield
Fund - Life
ULIF 018
03/01/05
LInvShld 105
1,737,169
209,553
92,995
1,853,727
Dynamic P/E
Fund
ULIF 097
11/01/10
LDynmicPE 105
13,814,066
5,533,830
1,546,819
17,801,077
Return
Guarantee
Fund II
ULIF 063
27/01/09
LRGF(T2) 105
507,395
251
103,223
404,423
2,300,778
223,061
224,272
2,299,567
ULIF 025
21/08/06
LInvShldNw 105
New Invest
Shield Balanced
Fund
Maximiser
Fund
ULIF 001
22/10/01
LMaximis1 105
16,638,607
2,599,864
15,410,654
3,827,817
Flexi Balanced
Fund
ULIF 031
20/03/07
LFlexiBal1 105
1,098,978
102,847
412,634
789,191
Return
Guarantee
Fund III
ULIF 066
26/02/09
LRGF(T3) 105
535,532
501
162,883
373,150
2,359,767
1,135,641
181,216
3,314,192
ULIF 086
24/11/09
LOpport 105
Opportunities
Fund
Maximiser
Fund II
ULIF 012
17/05/04
LMaximis2 105
2,628,300
585,005
2,917,964
295,341
Flexi Balanced
Fund II
ULIF 032
20/03/07
LFlexiBal2 105
767,252
81,977
177,825
671,404
Return
Guarantee
Fund IV
ULIF 069
31/03/09
LRGF(T4) 105
243,207
47
91,349
151,905
(` 000)
10,341,564
1,745,671
519,817
11,567,418
ULIF 081
26/10/09
LPinnacle 105
Pinnacle Fund
(` 000)
Maximiser
Fund III
ULIF 022
13/03/06
LMaximis3 105
914,181
5,887
842,124
77,944
(` 000)
Flexi Balanced
Fund III
ULIF 033
20/03/07
LFlexiBal3 105
56,428
77
22,512
33,993
(` 000)
59 Schedules
101 Annexures
Opening balance
Add: Additions during the year*
Less: Deductions during the year**
Closing balance
* Represents unit creation
** Represents unit cancellation
Particulars
Opening balance
Add: Additions during the year*
Less: Deductions during the year**
Closing balance
Particulars
Opening balance
Add: Additions during the year*
Less: Deductions during the year**
Closing balance
* Represents unit creation
** Represents unit cancellation
Particulars
Opening balance
Add: Additions during the year*
Less: Deductions during the year**
Closing balance
Particulars
Pension
Maximiser
Fund II
ULIF 013
17/05/04
PMaximis2
105
10,524,559
1,108,310
6,697,987
4,934,882
ULIF 019
03/01/05
PInvShld
105
320,091
43,240
23,004
340,327
Invest Shield
Fund - Pension
ULIF 096
11/01/10
PMoneyMkt
105
1,917,365
747,410
75,706
2,589,069
Pension Money
Market Fund
ULIF 005
03/05/02
PBalancer1
105
4,927,323
649,926
1,373,662
4,203,587
Return Guarantee
Fund VII
Pension Multi
Cap Balanced
Fund
ULIF 094
11/01/10
PMCapBal
105
1,952,643
619,973
89,113
2,483,503
ULIF 015
17/05/04
PBalancer2
105
5,129,158
590,798
1,662,640
4,057,316
Pension
Balancer Fund II
ULIF 043
25/02/08
PMultip1
105
6,732,161
547,423
1,944,171
5,335,413
Pension
Multiplier Fund
Pension
Dynamic P/E
Fund
ULIF 098
11/01/10
PDynmicPE
105
16,124,332
5,237,892
1,856,268
19,505,956
RICH
Fund IV
ULIF 051 17/03/08
LRICH4 105
4,597,990
836,800
1,077,115
4,357,675
ULIF 011
17/05/04
PPreserv
105
4,399,199
2,536,599
2,343,587
4,592,211
Pension
Preserver Fund
ULIF 029
20/03/07
PFlexiGro1
105
25,114,604
2,502,335
8,237,357
19,379,582
Pension Flexi
Growth Fund
Return
Guarantee Fund
X (5 Yrs)
ULIF 111
13/01/11
LRGF(T10) 105
2,526,470
675
44,135
2,483,010
ULIF 006
03/05/02
PProtect1
105
13,937,366
4,036,199
4,891,857
13,081,708
Pension
Protector Fund
ULIF 030
20/03/07
PFlexiGro2
105
20,907,926
1,513,271
10,844,595
11,576,602
Pension Flexi
Growth Fund II
Pension
Protector
Fund II
ULIF 017
17/05/04
PProtect2
105
5,693,397
3,036,858
3,139,577
5,590,678
208,910
105
208,805
ULIF 127
01/12/11
PGROWTH
105
(` 000)
Pension Return
Guarantee
Fund
ULIF 055
18/12/08
PRGF1
105
1,440,948
9
422,445
1,018,512
Pension Return
Guarantee
Fund II
ULIF 064
27/01/09
PRGF2
105
1,308,602
1,487
378,405
931,684
(` 000)
ULIF 004
03/05/02
PMaximis1
105
2,609,805
302,262
1,300,209
1,611,858
Pension
Maximiser Fund
(` 000)
205,703,247
63,185,104
72,152,041
196,736,310
Total
(` 000)
1,282,510
1,453
66,202
1,217,761
Return Guarantee
Fund XI (5 Yrs)
ULIF 095
11/01/10
PIncome
105
6,321,001
3,189,197
383,691
9,126,507
Pension
Income Fund
Secure Save
Guarantee Fund
ULIF 076 29/05/09
LSSavGtee 105
133,068
33,706
11,484
155,290
442,656
27
7,866
434,817
Return Guarantee
Fund X (10 Yrs)
Pension Growth
Fund
Secure Save
Builder Fund
ULIF 077 29/05/09
LSSavBuil 105
32,699
8,167
3,001
37,865
ULIF 107
22/12/10
LRGF(S2) 105
126,724
7
1,194
125,537
Return Guarantee
Fund IX (10 Yrs)
RICH
Fund III
ULIF 050 17/03/08
LRICH3 105
564,335
532
238,991
325,876
ULIF 103
12/10/10
LRGF(T8) 105
931,862
60
20,825
911,097
Return Guarantee
Fund VIII (5 Yrs)
Pension Multi
Cap Growth
Fund
ULIF 091
11/01/10
PMCapGro
105
13,749,441
3,748,531
873,756
16,624,216
ULIF 093
11/01/10
PBluChip
105
2,178,062
558,636
78,066
2,658,632
Pension
Bluechip Fund
RICH
Fund II
ULIF 049 17/03/08
LRICH2 105
10,944,850
1,162,725
2,685,685
9,421,890
42,203
38
9,286
32,955
RICH Fund
Pension
Balancer Fund
105,181
156
29,483
75,854
Return Guarantee
Fund VI
Return Guarantee
Fund V
SCHEDULE: F-1
135
136
44 Management Report
54 Revenue Account
57 Balance Sheet
Opening balance
Add: Additions during the year*
Less: Deductions during the year**
Closing balance
Particulars
Opening balance
Add: Additions during the year*
Less: Deductions during the year**
Closing balance
Particulars
Opening balance
Add: Additions during the year*
Less: Deductions during the year**
Closing balance
Particulars
Opening balance
Add: Additions during the year*
Less: Deductions during the year**
Closing balance
Particulars
ULGF 014
02/04/08
GLEIncome
105
66,948
1,864
648
68,164
Group Leave
Encashment
Income Fund
Group Leave
Encashment
Short Term
Fund
ULGF 024
26/02/10
GLEST
105
572,001
613,287
571,222
614,066
28,618
5,330
13,906
20,042
ULGF 006
03/10/05
GCGBal1 105
ULGF 001
03/04/03
GBalanced 105
11,758,167
5,837,371
7,285,621
10,309,917
Group Capital
Guarantee
Balanced Fund
Health
Multiplier
Fund
ULIF 058
15/01/09
HMultip
105
347,719
136,861
12,548
472,032
ULIF 079
17/06/09
PRGF6 105
403,784
988
128,884
275,888
Pension
Return
Guarantee
Fund VI
ULGF 021
10/02/09
GRGF1
105
2,138,565
11,613
2,524,348
(374,170)
Group Return
Guarantee Fund
1,184,220
172,918
219,703
1,137,435
ULGF 010
21/03/07
GCGBal2 105
Group Capital
Guarantee
Balanced Fund II
Health Flexi
Growth
Fund
ULIF 057
15/01/09
HFlexiGro
105
2,725,606
1,225,416
115,542
3,835,480
ULIF 074
29/04/09
PRGF5 105
301,858
277
100,476
201,659
Pension
Return
Guarantee
Fund V
Group Balanced
Fund
Health Flexi
Balanced
Fund
ULIF 060
15/01/09
HFlexiBal
105
175,786
124,950
5,727
295,009
ULIF 070
31/03/09
PRGF4 105
519,683
935
165,782
354,836
ULIF 067
26/02/09
PRGF3 105
1,281,276
2,137
403,891
879,522
Health
Balancer
Fund
ULIF 059
15/01/09
HBalancer
105
163,623
85,650
4,976
244,297
Pension
Return
Guarantee
Fund IV
Pension
Return
Guarantee
Fund III
SCHEDULE: F-1
Health
Protector
Fund
ULIF 061
15/01/09
HProtect
105
777,930
367,156
31,531
1,113,555
ULIF 102
12/10/10
PRGF(S1) 105
131,948
76
1,610
130,414
Pension
Return
Guarantee
Fund VIII
ULGF
022 30/03/09
GRGF2
105
110,779
1,384
134,052
(21,889)
Group Return
Guarantee
Fund II
ULGF
023 16/06/09
GRGF3
105
2,084,535
51,439
24,589
2,111,385
ULGF
026 14/03/11
GRGFS5
105
125,624
1,812
862
126,574
Group Return
Guarantee
Fund - S5
ULGF
028 01/07/11
GRGFS7
105
456,623
5,148
2,108
459,663
ULGF
003 03/04/03
GSTDebt
105
4,526,097
7,352,176
7,700,821
4,177,452
Group Short
Term Debt Fund
6,615,624
5,645,410
1,393,677
10,867,357
ULGF 002
03/04/03
GDebt 105
Group
Superannuation
Corporate
Bond Fund
ULGF
015 22/12/08
GSACorBon
105
1,768,214
244,786
21,732
1,991,268
2,463,981
525,444
886,396
2,103,029
ULGF 009
16/03/07
GCGSTDebt2 105
446,854,743
125,043,796
158,571,355
413,327,184
39,742,464
Grand Total
(` 000)
413,686
209,956
4,663
618,979
ULGF 013
02/04/08
GLEBal 105
38,296,963
23,337,258
21,891,757
Total
3,890,977
2,093,469
1,065,005
4,919,441
ULGF 004
30/10/03
GGrowth 105
(` 000)
4,477,734
1,952,468
188,734
6,241,468
Total
(` 000)
198,376,799
36,568,966
64,338,823
170,606,942
Total
(` 000)
Group Leave
Encashment
Balanced Fund
Health Return
Guarantee
Fund VII
ULIF 084
16/11/09
HRGF7
105
5,754
6
779
4,981
ULIF 009
17/11/03
PSecPlus 105
132,171
15,399
9,791
137,779
Secure Plus
Pension Fund
Group Growth
Fund
Health Return
Guarantee
Fund VI
ULIF 080
17/06/09
HRGF6
105
10,224
36
1,603
8,657
ULIF 128
01/12/11
PSECURE 105
187,035
107
186,928
Pension
Secure Fund
Group Debt
Fund
Health Return
Guarantee
Fund V
ULIF 075
29/04/09
HRGF5
105
17,282
2
2,098
15,186
ULIF 053
17/03/08
PRICH2 105
14,968,317
1,042,870
6,162,848
9,848,339
Pension RICH
Fund II
Group Capital
Guarantee Short
Term Debt Fund II
Health Return
Guarantee
Fund IV
ULIF 071
31/03/09
HRGF4
105
34,740
22
4,499
30,263
ULIF 052
17/03/08
PRICH1 105
22,257,304
2,039,106
8,093,231
16,203,179
Pension RICH
Fund
Group Capital
Guarantee Short
Term Debt Fund
ULGF 005
24/02/04
GCGSTDebt1
105
36,507
8,426
6,338
38,595
Health Return
Guarantee
Fund III
ULIF 068
26/02/09
HRGF3
105
68,213
262
2,974
65,501
Pension
Return
Guarantee
Fund XI (10
Yrs)
ULIF 122
19/04/11
PRGF(S4) 105
12,491
19
1,514
10,996
Group Return
Guarantee
Fund - S7
Group Return
Guarantee
Fund III
Health
Preserver
Fund
ULIF 056
15/01/09
HPreserv
105
30,099
12,030
1,142
40,987
ULIF 083
16/11/09
PRGF7 105
703,511
660
141,886
562,285
Pension
Return
Guarantee
Fund VII
59 Schedules
Approved investments
Government bonds
Corporate bonds
Infrastructure bonds
Equity
Money market
Mutual funds
Deposit with banks
Total
Other investments
Corporate bonds
Infrastructure bonds
Equity
Money market
Mutual funds
Venture fund
Total
Grand total
% of approved investments to total
% of other investments to total
Particulars
Approved investments
Government bonds
Corporate bonds
Infrastructure bonds
Equity
Money market
Mutual funds
Deposit with banks
Total
Other investments
Corporate bonds
Infrastructure bonds
Equity
Money market
Mutual funds
Venture fund
Total
Grand total
% of approved investments to total
% of other investments to total
Particulars
358
9,536
9,894
254,316
96.11%
3.89%
Flexi Growth
Fund
ULIF 026
20/03/07
LFlexiGro1 105
Flexi Balanced
Fund IV
ULIF 040
27/08/07
LFlexiBal4 105
19,147,025
460,101
51,659
19,658,785
129,464
296,877
426,341
11,780,695
96.38%
3.62%
689
689
5,488
87.45%
12.55%
25,328
47,615
9,033
130,565
19,777
2,002
10,102
244,422
1,687,024
2,552,100
946,234
3,768,143
1,079,723
1,030
1,320,100
11,354,354
ULIF 002
22/10/01
LBalancer1 105
Balancer Fund
1,408
87
3,304
4,799
Anmol Nivesh
Fund
ULIF 072
28/04/09
LAnmolNiv 105
SCHEDULE: F-2
101 Annexures
840,794
840,794
11,669,552
92.79%
7.21%
10,472,072
231,332
125,354
10,828,758
Flexi Growth
Fund II
ULIF 027
20/03/07
LFlexiGro2 105
35,580
99,797
135,377
3,637,198
96.28%
3.72%
543,356
735,384
273,751
1,164,720
329,827
14,483
440,300
3,501,821
Balancer
Fund II
ULIF 014
17/05/04
LBalancer2 105
86,991
7,859
94,850
1,151,378
91.76%
8.24%
1,041,405
15,123
1,056,528
Flexi Growth
Fund III
ULIF 028
20/03/07
LFlexiGro3 105
1,060
8,906
111
10,077
328,500
96.93%
3.07%
46,580
76,462
28,617
105,521
46,698
4,445
10,100
318,423
Balancer
Fund III
ULIF 023
13/03/06
LBalancer3 105
732,513
97,049
829,562
10,550,466
92.14%
7.86%
9,154,145
47,938
138,622
380,199
9,720,904
Flexi Growth
Fund IV
ULIF 038
27/08/07
LFlexiGro4 105
5,638
23,120
4,081
32,839
873,855
96.24%
3.76%
115,760
180,223
57,000
274,960
121,274
11,598
80,201
841,016
Balancer
Fund IV
ULIF 039
27/08/07
LBalancer4 105
8,673
8,673
2,512,838
99.65%
0.35%
431,664
767,953
361,253
544,229
21,220
377,846
2,504,165
ULIF 008
11/08/03
LCashPlus 105
344,276
63,176
407,452
20,774,535
98.04%
1.96%
9,580,709
10,509,582
276,792
20,367,083
123,117
123,117
8,225,732
98.50%
1.50%
1,880,199
2,037,827
930,605
1,026,409
23,875
2,203,700
8,102,615
138,016
74,606
212,622
1,631,032
86.96%
13.04%
1,396,961
21,449
1,418,410
ULIF 087
24/11/09
LBluChip 105
Bluechip Fund
15,704
15,704
4,786,554
99.67%
0.33%
1,047,068
1,645,969
616,504
745,157
25,652
690,500
4,770,850
Invest Shield
Cash Fund
ULIF 020
03/01/05
LInvCash 105
32,304
32,304
4,168,032
99.22%
0.78%
805,293
294,573
1,250,616
57,224
1,728,022
4,135,728
Discontinued
Fund - Life
ULIF 100
01/07/10
LDiscont 105
5,268
24,078
29,346
2,235,903
98.69%
1.31%
253,085
620,389
156,422
366,569
506,216
23,177
280,699
2,206,557
Invest Shield
Fund - Life
ULIF 018
03/01/05
LInvShld 105
520,947
520,947
16,700,159
96.88%
3.12%
1,052,987
76,310
14,829,032
191,868
29,015
16,179,212
Dynamic P/E
Fund
ULIF 097
11/01/10
LDynmicPE 105
3,378,721
3,378,721
42,863,013
92.12%
7.88%
36,707,838
1,472,680
183,774
1,120,000
39,484,292
Maximiser
Fund
ULIF 001
22/10/01
LMaximis1 105
2,559
42,376
44,935
1,138,720
96.05%
3.95%
111,783
196,390
63,963
589,935
85,113
6,601
40,000
1,093,785
Flexi Balanced
Fund
ULIF 031
20/03/07
LFlexiBal1 105
839,009
839,009
10,307,419
91.86%
8.14%
8,950,555
469,888
47,967
9,468,410
Maximiser
Fund II
ULIF 012
17/05/04
LMaximis2 105
1,503
29,319
30,822
782,864
96.06%
3.94%
78,319
143,836
34,195
406,916
53,076
5,700
30,000
752,042
Flexi Balanced
Fund II
ULIF 032
20/03/07
LFlexiBal2 105
147,561
114,446
262,007
1,954,949
86.60%
13.40%
1,667,047
25,895
1,692,942
Maximiser
Fund III
ULIF 022
13/03/06
LMaximis3 105
(` 000)
143
2,318
991
3,452
60,498
94.29%
5.71%
6,227
9,888
2,991
31,561
5,567
812
57,046
Flexi Balanced
Fund III
ULIF 033
20/03/07
LFlexiBal3 105
(` 000)
137
138
44 Management Report
54 Revenue Account
Approved investments
Government bonds
Corporate bonds
Infrastructure bonds
Equity
Money market
Mutual funds
Deposit with banks
Total
Other investments
Corporate bonds
Infrastructure bonds
Equity
Money market
Mutual funds
Venture fund
Total
Grand total
% of approved investments to total
% of other investments to total
Particulars
Approved investments
Government bonds
Corporate bonds
Infrastructure bonds
Equity
Money market
Mutual funds
Deposit with banks
Total
Other investments
Corporate bonds
Infrastructure bonds
Equity
Money market
Mutual funds
Venture fund
Total
Grand total
% of approved investments to total
% of other investments to total
Particulars
Preserver Fund
Pinnacle Fund II
422,195
159,372
2,249,361
20,337
894,223
3,745,488
3,745,488
100.00%
0.00%
1,552,536
2,497,516
55,721
4,105,773
81,814
8,099
89,913
4,195,686
97.86%
2.14%
ULIF 010
17/05/04
LPreserv1 105
187,180
23,134
210,314
2,830,971
92.57%
7.43%
45,064
33,441
78,505
584,161
86.56%
13.44%
ULIF 105
26/10/10
LPinnacle2 105
2,384,616
36,041
200,000
2,620,657
ULIF 114
15/03/11
LMaximis5 105
ULIF 037
27/08/07
LMaximis4 105
497,918
7,738
505,656
Maximiser
Fund V
Maximiser
Fund IV
SCHEDULE: F-2
27,934
9,033
143,108
2,715
15,100
197,890
ULIF 021
13/03/06
LPreserv3 105
Preserver
Fund III
2,842,573
100.00%
0.00%
270,197
84,308
1,858,403
19,365
610,300
2,842,573
ULIF 090
24/11/09
LMoneyMkt 105
Money Market
Fund
252,263
100.00%
0.00%
48,034
13,046
148,598
2,886
39,699
252,263
ULIF 036
27/08/07
LPreserv4 105
Preserver
Fund IV
1,152
59,523
60,675
1,633,454
96.29%
3.71%
94,367
304,119
46,196
833,444
182,571
21,780
90,302
1,572,779
ULIF 088
24/11/09
LMCapBal 105
Multi Cap
Balanced Fund
114,973
114,973
8,498,378
98.65%
1.35%
2,009,769
2,760,624
1,365,605
1,248,431
48,476
950,500
8,383,405
ULIF 003
22/10/01
LProtect1 105
Protector Fund
1,178,346
1,178,346
12,140,634
90.29%
9.71%
2,024
10,550,590
336,435
73,239
10,962,288
ULIF 085
24/11/09
LMCapGro 105
Multi Cap
Growth Fund
117,683
82,274
199,957
2,155,953
90.73%
9.27%
1,927,707
28,289
1,955,996
ULIF 044
25/02/08
LMultip2 105
Multiplier
Fund II
46,585
46,585
3,609,194
98.71%
1.29%
736,331
1,018,656
613,676
562,351
21,497
610,098
3,562,609
ULIF 016
17/05/04
LProtect2 105
Protector
Fund II
6,778
6,778
428,528
98.42%
1.58%
88,161
143,969
76,552
74,197
2,661
36,210
421,750
ULIF 024
13/03/06
LProtect3 105
Protector
Fund III
653,095
3,888
656,983
10,466,481
93.72%
6.28%
9,672,140
137,358
9,809,498
ULIF 042
22/11/07
LMultip1 105
Multiplier Fund
45,008
45,008
3,798,109
98.81%
1.19%
854,402
1,145,654
523,445
645,027
33,973
550,600
3,753,101
ULIF 041
27/08/07
LProtect4 105
Protector
Fund IV
8,990
200
9,190
157,365
94.16%
5.84%
146,109
2,066
148,175
ULIF 046
25/02/08
LMultip3 105
Multiplier
Fund III
6,904
6,904
403,122
98.29%
1.71%
203,288
85,538
6,069
101,323
396,218
Return
Guarantee
Fund
ULIF 054
18/12/08
LRGF1 105
55,517
57,218
112,735
1,021,587
88.96%
11.04%
895,444
13,408
908,852
ULIF 047
25/02/08
LMultip4 105
Multiplier
Fund IV
461,466
100.00%
0.00%
288,921
97,061
4,490
70,994
461,466
Return
Guarantee
Fund II
ULIF 063
27/01/09
LRGF(T2) 105
6,146
63,662
16,258
86,066
2,753,750
96.87%
3.13%
381,066
612,138
159,632
940,513
245,654
8,380
320,301
2,667,684
New Invest
Shield Balanced
Fund
ULIF 025
21/08/06
LInvShldNw 105
426,872
100.00%
0.00%
294,183
51,866
1,446
79,377
426,872
Return
Guarantee
Fund III
ULIF 066
26/02/09
LRGF(T3) 105
272,018
272,018
3,213,029
91.53%
8.47%
229
2,545,364
240,311
5,108
149,999
2,941,011
ULIF 086
24/11/09
LOpport 105
Opportunities
Fund
940
940
165,976
99.43%
0.57%
100,181
17,227
2,520
45,108
165,036
Return
Guarantee
Fund IV
ULIF 069
31/03/09
LRGF(T4) 105
(` 000)
196,822
196,822
11,219,682
98.25%
1.75%
4,964,879
6,008,296
49,685
11,022,860
ULIF 081
26/10/09
LPinnacle 105
Pinnacle Fund
(` 000)
57 Balance Sheet
59 Schedules
Approved investments
Government bonds
Corporate bonds
Infrastructure bonds
Equity
Money market
Mutual funds
Deposit with banks
Total
Other investments
Corporate bonds
Infrastructure bonds
Equity
Money market
Mutual funds
Venture fund
Total
Grand total
% of approved investments to total
% of other investments to total
Particulars
Approved investments
Government bonds
Corporate bonds
Infrastructure bonds
Equity
Money market
Mutual funds
Deposit with banks
Total
Other investments
Corporate bonds
Infrastructure bonds
Equity
Money market
Mutual funds
Venture fund
Total
Grand total
% of approved investments to total
% of other investments to total
Particulars
130,254
8,021,843
108,031
8,260,128
948,520
948,520
9,208,648
89.70%
10.30%
7,490,185
148,993
46,337
7,685,515
887,145
887,145
8,572,660
89.65%
10.35%
101 Annexures
53,547
53,547
511,025
89.52%
10.48%
450,943
6,535
457,478
29,780
29,780
999,176
97.02%
2.98%
33,569
100.00%
0.00%
664,410
161,795
13,990
129,201
969,396
Return
Guarantee Fund
VIII (5 Yrs)
ULIF 103
12/10/10
LRGF(T8) 105
RICH Fund II
81,560
100.00%
0.00%
79,309
100.00%
0.00%
14,667
10,584
357
7,961
33,569
Return Guarantee
Fund VII
RICH Fund
38,960
21,510
675
20,415
81,560
ULIF 078
17/06/09
LRGF(T6) 105
ULIF 073
29/04/09
LRGF(T5) 105
43,853
19,984
442
15,030
79,309
Return Guarantee
Fund VI
Return Guarantee
Fund V
SCHEDULE: F-2
443,876
75,358
519,234
4,332,702
88.02%
11.98%
3,756,615
56,853
3,813,468
RICH Fund IV
280,824
100.00%
0.00%
102,003
70,135
60,788
178
47,720
280,824
139,030
100.00%
0.00%
56,688
26,599
34,372
21
21,350
139,030
Return
Guarantee Fund
IX (10 Yrs)
ULIF 107
22/12/10
LRGF(S2) 105
1,207
3,728
4,935
435,049
98.87%
1.13%
47,171
123,542
37,195
62,862
103,157
5,986
50,201
430,114
50,496
20,234
70,730
1,320,585
94.64%
5.36%
617,023
383,286
94,187
18,460
136,899
1,249,855
1,339
2,818
4,157
36,603
88.64%
11.36%
1,276,955
100.00%
0.00%
687,489
344,035
14,730
230,701
1,276,955
Return
Guarantee Fund
XI (5 Yrs)
ULIF 120
17/03/11
LRGF(T11) 105
2,868
12,814
15,682
151,684
89.66%
10.34%
27,832
12,626
5,034
47,783
20,592
2,036
20,099
136,002
468,792
100.00%
0.00%
205,494
97,876
95,788
19
69,615
468,792
Return
Guarantee Fund
X (10 Yrs)
ULIF 112
13/01/11
LRGF(S3) 105
3,478
2,151
22,232
4,100
485
32,446
Secure Save
Builder Fund
ULIF 077 29/05/09
LSSavBuil 105
2,636,086
100.00%
0.00%
1,387,969
671,495
18,969
557,653
2,636,086
Return
Guarantee Fund
X (5 Yrs)
ULIF 111
13/01/11
LRGF(T10) 105
601,412
14,279,796
760,060
16,258
15,657,526
287,303,772
94.55%
5.45%
27,995,500
21,333,186
9,054,861
179,466,672
16,994,373
2,013,143
14,788,511
271,646,246
Total
(` 000)
22,872
100.00%
0.00%
11,234
7,901
1,043
235
2,459
22,872
Return
Guarantee Fund
XI (10 Yrs)
ULIF 121
19/04/11
LRGF(S4) 105
(` 000)
139
140
44 Management Report
54 Revenue Account
Approved investments
Government bonds
Corporate bonds
Infrastructure bonds
Equity
Money market
Mutual funds
Deposit with banks
Total
Other investments
Corporate bonds
Infrastructure bonds
Equity
Money market
Mutual funds
Venture fund
Total
Grand total
% of approved investments to total
% of other investments to total
Particulars
Approved investments
Government bonds
Corporate bonds
Infrastructure bonds
Equity
Money market
Mutual funds
Deposit with banks
Total
Other investments
Corporate bonds
Infrastructure bonds
Equity
Money market
Mutual funds
Venture fund
Total
Grand total
% of approved investments to total
% of other investments to total
Particulars
199,216
90,252
1,482,970
15,745
794,440
2,582,623
2,582,623
100.00%
0.00%
14,542,134
856,205
6,538
220,001
15,624,878
1,565,375
1,565,375
17,190,253
90.89%
9.11%
ULIF 096
11/01/10
PMoneyMkt 105
Pension Money
Market Fund
64,731
145,338
210,069
6,452,954
96.74%
3.26%
4,820
31,175
35,995
459,937
92.17%
7.83%
Pension
Maximiser
Fund II
ULIF 013
17/05/04
PMaximis2 105
981,851
1,216,713
398,122
2,153,272
424,292
62,536
1,006,099
6,242,885
ULIF 005
03/05/02
PBalancer1 105
ULIF 019
03/01/05
PInvShld 105
100,141
64,033
26,156
73,440
73,970
6,202
80,000
423,942
Pension
Balancer Fund
Invest Shield
Fund - Pension
SCHEDULE: F-2
250,911
166,338
190,893
1,210,397
72,259
3,666
340,500
2,234,964
Pension Multi
Cap Balanced
Fund
ULIF 094
11/01/10
PMCapBal 105
112,268
126,569
238,837
7,384,316
96.77%
3.23%
1,168,033
1,678,630
467,813
2,432,553
482,740
24,909
890,801
7,145,479
ULIF 015
17/05/04
PBalancer2 105
Pension Balancer
Fund II
1,639,870
1,639,870
15,534,771
89.44%
10.56%
2,024
13,722,473
105,527
64,877
13,894,901
Pension Multi
Cap Growth
Fund
ULIF 091
11/01/10
PMCapGro 105
167,077
38,740
205,817
2,320,855
91.13%
8.87%
2,084,498
30,540
2,115,038
ULIF 093
11/01/10
PBluChip 105
Pension
Bluechip Fund
366,772
30,838
397,610
5,682,697
93.00%
7.00%
5,210,496
74,591
5,285,087
ULIF 043
25/02/08
PMultip1 105
Pension
Multiplier Fund
527,627
527,627
17,823,414
97.04%
2.96%
1,154,865
50,873
15,932,696
157,353
17,295,787
Pension
Dynamic P/E
Fund
ULIF 098
11/01/10
PDynmicPE 105
67,901
67,901
1,293,050
94.75%
5.25%
153,076
145,585
46,353
615,686
62,790
1,560
200,099
1,225,149
175,362
175,362
3,070,415
94.29%
5.71%
2,860,123
34,930
2,895,053
547,565
547,565
6,711,157
91.84%
8.16%
502
5,577,686
514,611
70,793
6,163,592
57,088
14,447
71,535
1,136,201
93.70%
6.30%
141,678
122,871
33,264
529,612
51,667
15,375
170,199
1,064,666
111,853
111,853
5,571,924
97.99%
2.01%
607,367
159,463
2,961,627
75,468
1,656,146
5,460,071
ULIF 011
17/05/04
PPreserv 105
Pension
Preserver Fund
1,641,064
1,641,064
23,329,872
92.97%
7.03%
21,130,358
254,535
77,286
226,629
21,688,808
ULIF 029
20/03/07
PFlexiGro1 105
Pension Flexi
Growth Fund
163,850
163,850
15,869,379
98.97%
1.03%
3,644,785
4,191,696
2,243,391
2,440,413
12,907
3,172,337
15,705,529
ULIF 006
03/05/02
PProtect1 105
Pension
Protector Fund
1,548,569
1,548,569
21,218,023
92.70%
7.30%
19,290,377
288,373
90,493
211
19,669,454
ULIF 030
20/03/07
PFlexiGro2 105
Pension Flexi
Growth Fund II
7,462,799
100.00%
0.00%
1,681,790
2,113,034
1,061,206
966,828
22,994
1,616,947
7,462,799
ULIF 017
17/05/04
PProtect2 105
Pension
Protector Fund II
14,573
14,740
29,313
170,662
82.82%
17.18%
139,223
2,126
141,349
ULIF 127
01/12/11
PGROWTH 105
Pension Growth
Fund
1,336,455
100.00%
0.00%
699,866
234,537
6,022
396,030
1,336,455
Pension Return
Guarantee
Fund
ULIF 055
18/12/08
PRGF1 105
50,633
50,633
8,659,919
99.42%
0.58%
2,025,625
2,566,002
1,033,449
602,571
37,639
2,344,000
8,609,286
ULIF 095
11/01/10
PIncome 105
Pension Income
Fund
12,692
12,692
1,261,253
98.99%
1.01%
607,273
192,863
18,457
429,968
1,248,561
Pension Return
Guarantee
Fund II
ULIF 064
27/01/09
PRGF2 105
(` 000)
488,107
488,107
5,509,004
91.14%
8.86%
4,656,613
299,199
65,085
5,020,897
ULIF 004
03/05/02
PMaximis1 105
Pension
Maximiser Fund
(` 000)
57 Balance Sheet
59 Schedules
Approved investments
Government bonds
Corporate bonds
Infrastructure bonds
Equity
Money market
Mutual funds
Deposit with banks
Total
Other investments
Corporate bonds
Infrastructure bonds
Equity
Money market
Mutual funds
Venture fund
Total
Grand total
% of approved investments to total
% of other investments to total
Particulars
Approved investments
Government bonds
Corporate bonds
Infrastructure bonds
Equity
Money market
Mutual funds
Deposit with banks
Total
Other investments
Corporate bonds
Infrastructure bonds
Equity
Money market
Mutual funds
Venture fund
Total
Grand total
% of approved investments to total
% of other investments to total
Particulars
12,546
24,307
4,062
52,592
55,699
2,110
151,316
202
3,371
2,847
6,420
157,736
95.93%
4.07%
ULIF 059
15/01/09
HBalancer 105
Health Balancer
Fund
438,690
100.00%
0.00%
1,174,124
100.00%
0.00%
Health Flexi
Balanced
Fund
ULIF 060
15/01/09
HFlexiBal 105
233,312
105,093
5,400
94,885
438,690
Pension
Return
Guarantee
Fund IV
ULIF 070
31/03/09
PRGF4 105
794,346
115,089
12,945
251,744
1,174,124
Pension
Return
Guarantee
Fund III
ULIF 067
26/02/09
PRGF3 105
SCHEDULE: F-2
101 Annexures
231,671
149,886
381,557
2,383,832
83.99%
16.01%
637
1,841,639
29,998
130,001
2,002,275
ULIF 057
15/01/09
HFlexiGro 105
Health Flexi
Growth Fund
236,596
100.00%
0.00%
146,025
68,499
617
21,455
236,596
Pension
Return
Guarantee
Fund V
ULIF 074
29/04/09
PRGF5 105
24,481
10,820
35,301
301,607
88.30%
11.70%
238,511
24,031
3,764
266,306
Health
Multiplier
Fund
ULIF 058
15/01/09
HMultip 105
3,346
3,346
327,995
98.98%
1.02%
186,590
116,255
4,569
17,235
324,649
Pension
Return
Guarantee
Fund VI
ULIF 079
17/06/09
PRGF6 105
2,250
2,250
28,781
92.18%
7.82%
3,979
1,001
20,566
385
600
26,531
ULIF 056
15/01/09
HPreserv 105
Health
Preserver Fund
606,724
100.00%
0.00%
367,209
183,500
5,585
50,430
606,724
ULIF 083
16/11/09
PRGF7 105
Pension Return
Guarantee
Fund VII
19,674
5,466
25,140
699,957
96.41%
3.59%
148,746
180,428
77,151
178,884
9,608
80,000
674,817
Health
Protector
Fund
ULIF 061
15/01/09
HProtect 105
675
675
147,264
99.54%
0.46%
41,078
39,405
38,947
2,068
25,091
146,589
Pension
Return
Guarantee
Fund VIII
ULIF 102
12/10/10
PRGF(S1) 105
10,610
100.00%
0.00%
3,270
1,010
27
6,303
10,610
12,432
100.00%
0.00%
4,327
3,026
1
5,078
12,432
14,432
100.00%
0.00%
3,285
3,017
70
8,060
14,432
Health Return
Guarantee
Fund III
ULIF 068
26/02/09
HRGF3 105
7,575
2,650
10
2,091
12,326
ULIF 122
19/04/11
PRGF(S4) 105
Pension Return
Guarantee Fund
XI (10 Yrs)
12,326
100.00%
0.00%
48,058
20,287
23,936
231
15,520
108,032
ULIF 113
13/01/11
PRGF(S3) 105
Pension Return
Guarantee Fund
X (10 Yrs)
108,032
100.00%
0.00%
46,303
100.00%
0.00%
15,968
10,183
12,636
7,516
46,303
ULIF 108
22/12/10
PRGF(S2) 105
Pension Return
Guarantee Fund
IX (10 Yrs)
857
857
7,522
88.61%
11.39%
836
126
5,703
6,665
Health Return
Guarantee
Fund IV
ULIF 071
31/03/09
HRGF4 105
121,370
1,474,042
1,595,412
19,113,373
91.65%
8.35%
16,469,684
574,950
101,328
371,999
17,517,961
ULIF 052
17/03/08
PRICH1 105
Pension RICH
Fund
3,039
100.00%
0.00%
202
832
2,005
3,039
Health Return
Guarantee
Fund V
ULIF 075
29/04/09
HRGF5 105
1,102,317
31,964
1,134,281
13,608,787
91.67%
8.33%
11,756,093
538,064
180,349
12,474,506
ULIF 053
17/03/08
PRICH2 105
Pension RICH
Fund II
38
38
1,654
97.70%
2.30%
147
369
27
1,073
1,616
Health Return
Guarantee
Fund VI
ULIF 080
17/06/09
HRGF6 105
14,488
14,488
144,612
89.98%
10.02%
32,211
6,998
1,002
58,319
1,994
29,600
130,124
ULIF 128
01/12/11
PSECURE 105
Pension
Secure Fund
1,116
100.00%
0.00%
76
278
762
1,116
Health Return
Guarantee
Fund VII
ULIF 084
16/11/09
HRGF7 105
14,445
14,445
187,351
92.29%
7.71%
42,868
23,214
14,054
26,407
43,836
2,529
19,998
172,906
ULIF 009
17/11/03
PSecPlus 105
Secure Plus
Pension Fund
20,018
272,394
172,164
464,576
3,811,638
87.81%
12.19%
171,156
241,528
94,353
2,214,474
339,669
46,297
239,585
3,347,062
Total
(` 000)
512,852
11,743,640
319,403
12,575,895
216,502,678
94.19%
5.81%
11,490,513
16,262,242
6,856,773
140,413,821
13,155,746
1,295,717
14,451,971
203,926,783
Total
(` 000)
141
142
44 Management Report
54 Revenue Account
Approved investments
Government bonds
Corporate bonds
Infrastructure bonds
Equity
Money market
Mutual funds
Deposit with banks
Total
Other investments
Corporate bonds
Infrastructure bonds
Equity
Money market
Mutual funds
Venture fund
Total
Grand total
% of approved investments to total
% of other investments to total
Particulars
Approved investments
Government bonds
Corporate bonds
Infrastructure bonds
Equity
Money market
Mutual funds
Deposit with banks
Total
Other investments
Corporate bonds
Infrastructure bonds
Equity
Money market
Mutual funds
Venture fund
Total
Grand total
% of approved investments to total
% of other investments to total
Particulars
53,785
14,049
199,753
6,815
327,566
601,968
601,968
100.00%
0.00%
2,023
3,709
5,732
83,540
93.14%
6.86%
15,684
18,832
12,960
21,073
1,178
8,081
77,808
85,055
8,436
3,310
118,676
215,477
ULGF 021
10/02/09 GRGF1
105
80
80
3,920
97.96%
2.04%
833
67
2,940
3,840
ULGF 022
30/03/09
GRGF2 105
123,178
123,178
2,481,783
95.04%
4.96%
1,528,687
433,324
35,047
361,547
2,358,605
ULGF 023
16/06/09 GRGF3
105
984
984
135,916
99.28%
0.72%
89,285
22,319
1,927
21,401
134,932
ULGF 026
14/03/11
GRGFS5 105
3,241
3,241
499,821
99.35%
0.65%
232,041
206,646
6,968
50,925
496,580
ULGF 028
01/07/11 GRGFS7
105
2,966,964
100.00%
0.00%
336,784
275,552
1,462,994
15,190
876,444
2,966,964
Group Capital
Guarantee Short
Term Debt Fund II
ULGF 009
16/03/07
GCGSTDebt2
105
100,042
100,042
6,091,488
98.36%
1.64%
712,766
193,568
2,828,477
82,235
2,174,400
5,991,446
ULGF 003
03/04/03 GSTDebt
105
1,836
1,836
108,842
98.31%
1.69%
9,961
3,008
60,228
1,463
32,346
107,006
Group Capital
Guarantee Short
Term Debt Fund
ULGF 005
24/02/04
GCGSTDebt1
105
Group Return
Guarantee Fund
- S7
1,011
1,832
5,589
8,432
56,999
85.21%
14.79%
9,661
5,415
1,969
18,225
12,530
767
48,567
Group Return
Guarantee Fund
- S5
1,011
791
2,627
4,429
27,399
83.84%
16.16%
4,756
65
8,863
8,921
365
22,970
Group Return
Guarantee Fund III
7,080
59,006
66,086
905,126
92.70%
7.30%
199,097
222,101
53,425
101,319
12,400
250,698
839,040
Group Capital
Guarantee Debt
Fund II
ULGF 011
21/03/07
GCGDebt2
105
Group Return
Guarantee
Fund II
951
951
12,245
92.23%
7.77%
2,806
3,918
3,197
173
1,200
11,294
Group Capital
Guarantee Debt
Fund
ULGF 007
28/10/05
GCGDebt1
105
Group Return
Guarantee Fund
21,823
10,688
32,511
1,607,285
97.98%
2.02%
332,929
457,750
130,533
250,598
121,017
21,847
260,100
1,574,774
Group Capital
Guarantee
Balanced Fund II
ULGF 010
21/03/07
GCGBal2
105
Group Leave
Encashment Short
Term Fund
1,244
5,715
6,959
96,751
92.81%
7.19%
524,927
184,674
709,601
15,275,400
95.35%
4.65%
Group Leave
Encashment Income
Fund
24,261
24,424
7,032
14,919
17,091
1,322
743
89,792
Group Capital
Guarantee
Balanced Fund
ULGF 006
03/10/05
GCGBal1
105
3,146,770
3,642,537
908,370
2,289,327
1,689,356
25,041
2,864,398
14,565,799
ULGF 001
03/04/03
GBalanced
105
Group Balanced
Fund
SCHEDULE: F-2
167,592
167,592
2,170,780
92.28%
7.72%
1,047,649
533,844
30,476
391,219
2,003,188
Group
Superannuation
Corporate Bond
Fund
ULGF 015
22/12/08
GSACorBon 105
12,818,248
100.00%
0.00%
2,751,102
3,859,890
1,275,676
1,913,252
2,126
3,016,202
12,818,248
ULGF 002
03/04/03
GDebt
105
Group Debt
Fund
739,348
531,184
552,081
1,822,613
54,090,432
96.63%
3.37%
7,385,184
13,407,974
4,334,323
6,249,143
8,805,229
355,079
11,730,887
52,267,819
Total
192,170
311,015
31,129
534,314
7,136,305
92.51%
7.49%
705,585
908,269
221,610
3,545,392
303,756
95,680
821,699
6,601,991
ULGF 004
30/10/03
GGrowth
105
Group
Growth Fund
(` 000)
1,873,630
26,827,014
1,803,708
16,258
30,520,610
561,708,520
94.57%
5.43%
47,042,353
51,244,930
20,340,310
328,344,110
39,295,017
3,710,236
41,210,954
531,187,910
Grand Total
(` 000)
11,126
9,805
35,009
55,940
793,470
92.95%
7.05%
192,533
168,760
40,438
121,819
52,996
10,682
150,302
737,530
Group Leave
Encashment
Balanced Fund
ULGF 013
02/04/08
GLEBal
105
57 Balance Sheet
59 Schedules
Accrued interest
Cash & Bank balance
Dividend receivable
Receivable for sale of investments
Unit Collection a/c
Other current assets (for investments)
Appropriation adjustment account
Total
Particulars
Accrued interest
Cash & Bank balance
Dividend receivable
Receivable for sale of investments
Unit Collection a/c
Other current assets (for investments)
Appropriation adjustment account
Total
Particulars
Accrued interest
Cash & Bank balance
Dividend receivable
Receivable for sale of investments
Unit collection a/c
Other current assets (for investments)
Appropriation adjustment account
Total
Particulars
ULIF 002
22/10/01
LBalancer1 105
212,805
1,586
2,060
326,611
2,461
11
545,534
Flexi Growth
Fund
ULIF 026
20/03/07
LFlexiGro1 105
10
16,567
32,774
49,351
Maximiser
Fund V
ULIF 114
15/03/11
LMaximis5 105
373
9
1,591
7,226
175,789
7
184,995
Flexi Balanced
Fund IV
ULIF 040
27/08/07
LFlexiBal4 105
2,302
11
71
2,269
4,653
Maximiser
Fund IV
ULIF 037
27/08/07
LMaximis4 105
10
120
6,345
137
1
6,613
Balancer Fund
Anmol Nivesh
Fund
ULIF 072
28/04/09
LAnmolNiv 105
1,001
82
1,083
SCHEDULE: F-3
ULIF 090
24/11/09
LMoneyMkt 105
36,173
10
172,734
208,917
Money Market
Fund
Flexi Growth
Fund II
ULIF 027
20/03/07
LFlexiGro2 105
10
8,939
8,949
Balancer
Fund II
ULIF 014
17/05/04
LBalancer2 105
64,826
155
598
46,019
3,342
2
114,942
ULIF 088
24/11/09
LMCapBal 105
17,521
21
503
17,490
38,868
1
74,404
Multi Cap
Balanced Fund
Flexi Growth
Fund III
ULIF 028
20/03/07
LFlexiGro3 105
8
960
968
Balancer
Fund III
ULIF 023
13/03/06
LBalancer3 105
4,921
15
47
4,350
9,333
ULIF 085
24/11/09
LMCapGro 105
128
11
7,696
202,954
210,789
Multi Cap
Growth Fund
Flexi Growth
Fund IV
ULIF 038
27/08/07
LFlexiGro4 105
800
1,612
7,563
14,214
24,189
Balancer
Fund IV
ULIF 039
27/08/07
LBalancer4 105
10,338
19
131
10,074
4,999
2
25,563
9
8,294
8,303
ULIF 042
22/11/07
LMultip1 105
Multiplier Fund
11
1,674
238
1,923
ULIF 044
25/02/08
LMultip2 105
Multiplier
Fund II
10
1,172
33,027
34,209
8
131
139
ULIF 046
25/02/08
LMultip3 105
Multiplier
Fund III
Invest Shield
Cash Fund
ULIF 020
03/01/05
LInvCash 105
138,219
101
67,835
7,076
37,000
250,231
ULIF 008
11/08/03
LCashPlus 105
80,175
60
596,335
4,493
20,000
701,063
ULIF 087
24/11/09
LBluChip 105
Discontinued
Fund - Life
ULIF 100
01/07/10
LDiscont 105
164,076
7,339
171,415
Bluechip Fund
18
797
2,501
3,316
ULIF 047
25/02/08
LMultip4 105
Multiplier
Fund IV
Invest Shield
Fund - Life
ULIF 018
03/01/05
LInvShld 105
44,070
46
237
389,609
5,554
1
439,517
Dynamic P/E
Fund
ULIF 097
11/01/10
LDynmicPE 105
12,646
10
9,379
109,615
222,429
354,079
New Invest
Shield Balanced
Fund
ULIF 025
21/08/06
LInvShldNw 105
58,317
41
639
31,483
2,796
1
93,277
Maximiser
Fund
ULIF 001
22/10/01
LMaximis1 105
9,026
11
13,027
496,855
15,758
78
534,755
Flexi Balanced
Fund
ULIF 031
20/03/07
LFlexiBal1 105
11,916
21
330
9,627
1,076
22,970
ULIF 086
24/11/09
LOpport 105
256
10
1,999
59,631
14
61,910
Opportunities
Fund
Maximiser
Fund II
ULIF 012
17/05/04
LMaximis2 105
12
2,928
101,410
6,226
17
110,593
Flexi Balanced
Fund II
ULIF 032
20/03/07
LFlexiBal2 105
7,933
16
231
7,798
632
16,610
ULIF 081
26/10/09
LPinnacle 105
103,649
10
3,719
771,552
878,930
Pinnacle Fund
(` 000)
Maximiser
Fund III
ULIF 022
13/03/06
LMaximis3 105
7
345
20,572
3
20,927
(` 000)
Flexi Balanced
Fund III
ULIF 033
20/03/07
LFlexiBal3 105
656
11
18
648
162
1,495
(` 000)
101 Annexures
143
144
44 Management Report
54 Revenue Account
Accrued interest
Cash & Bank balance
Dividend receivable
Receivable for sale of investments
Unit collection a/c
Other current assets (for investments)
Appropriation adjustment account
Total
Particulars
Accrued interest
Cash & Bank balance
Dividend receivable
Receivable for sale of investments
Unit collection a/c
Other current assets (for investments)
Appropriation adjustment account
Total
Particulars
Accrued interest
Cash & Bank balance
Dividend receivable
Receivable for sale of investments
Unit collection a/c
Other current assets (for investments)
Appropriation adjustment account
Total
Particulars
ULIF 078
17/06/09
LRGF(T6)
105
6,648
422
7,070
ULIF 073
29/04/09
LRGF(T5)
105
6,003
10
6,013
9
4,430
81,771
7,265
7
93,482
ULIF 082
16/11/09
LRGF(T7)
105
3,139
111
3,250
Return
Guarantee
Fund VII
ULIF 021
13/03/06
LPreserv3 105
2,002
2,031
4,033
Preserver
Fund III
Return
Guarantee
Fund VIII
(10 Yrs)
ULIF 104
12/10/10
LRGF(S1)
105
16,832
2,367
29
19,228
Return
Guarantee
Fund VIII
(5 Yrs)
ULIF 103
12/10/10
LRGF(T8)
105
54,796
6,877
241
61,914
12
252
10,560
1
10,825
9
2,064
33,672
18,085
4
53,834
RICH
Fund IV
ULIF 051 17/03/08 LRICH4
105
ULIF 003
22/10/01
LProtect1 105
239,608
171
124,558
4,805
65,000
434,142
Protector Fund
ULIF 036
27/08/07
LPreserv4 105
11,300
1,379
1,402
14,081
Preserver
Fund IV
RICH
Fund III
ULIF 050 17/03/08 LRICH3
105
Return
Guarantee
Fund VI
Return
Guarantee
Fund V
RICH
Fund II
ULIF 049 17/03/08 LRICH2
105
ULIF 010
17/05/04
LPreserv1 105
83,358
621
83,979
Preserver Fund
ULIF 105
26/10/10
LPinnacle2 105
39,107
8
1,511
54,833
62,530
157,989
Pinnacle Fund II
SCHEDULE: F-3
191
40
24
187
209
651
Return
Guarantee
Fund XI
(5 Yrs)
ULIF 120
17/03/11
LRGF(T11)
105
89,163
3,444
204
92,811
Return
Guarantee
Fund II
ULIF 063
27/01/09
LRGF(T2) 105
46,872
1,037
47,909
Return
Guarantee
Fund XI
(10 Yrs)
ULIF 121
19/04/11
LRGF(S4)
105
1,087
217
13
1,317
Return
Guarantee
Fund III
ULIF 066
26/02/09
LRGF(T3) 105
47,899
2,675
50,574
Return
Guarantee
Fund X
(10 Yrs)
ULIF 112
13/01/11
LRGF(S3)
105
30,093
3,701
803
34,597
ULIF 054
18/12/08 LRGF1
105
57,030
11
57,041
Return
Guarantee Fund
Secure Save
Builder Fund
ULIF 077 29/05/09
LSSavBuil 105
Return
Guarantee
Fund X
(5 Yrs)
ULIF 111
13/01/11
LRGF(T10)
105
230,362
3,905
234,267
Protector
Fund IV
ULIF 041
27/08/07
LProtect4 105
107,140
83
54,168
3,499
29,000
193,890
Protector
Fund III
ULIF 024
13/03/06
LProtect3 105
10,200
17
6,577
3,000
19,794
ULIF 016
17/05/04
LProtect2 105
98,594
82
49,817
5,552
28,000
182,045
Protector
Fund II
Total
2,759,836
45,649
110,663
4,042,518
2,170,560
245,157
9,374,383
(` 000)
10
4,150
96,703
8,284
7
109,154
ULIF 048
17/03/08
LRICH1
105
RICH Fund
(` 000)
Return
Guarantee
Fund IV
ULIF 069
31/03/09
LRGF(T4) 105
25,183
10
25,193
(` 000)
57 Balance Sheet
59 Schedules
101 Annexures
Accrued interest
Cash & Bank balance
Dividend receivable
Receivable for sale of investments
Unit collection a/c
Other current assets (for investments)
Appropriation adjustment account
Total
Particulars
Accrued interest
Cash & Bank balance
Dividend receivable
Receivable for sale of investments
Unit collection a/c
Other current assets (for investments)
Appropriation adjustment account
Total
Particulars
Accrued interest
Cash & Bank balance
Dividend receivable
Receivable for sale of investments
Unit collection a/c
Other current assets (for investments)
Appropriation adjustment account
Total
Particulars
Pension
Return
Guarantee
Fund III
ULIF 067
26/02/09
PRGF3 105
131,901
4,417
136,318
Pension
Return
Guarantee
Fund IV
ULIF 070
31/03/09
PRGF4 105
57,523
10
57,533
Pension
Return
Guarantee
Fund VII
ULIF 083
16/11/09
PRGF7 105
32,798
2,638
35,436
Pension Multi
Cap Growth
Fund
ULIF 091
11/01/10
PMCapGro 105
128
10
10,050
99,696
36,917
5
146,806
12
1,753
5,673
7,438
ULIF 093
11/01/10
PBluChip 105
Pension
Bluechip Fund
Pension
Return
Guarantee
Fund VI
ULIF 079
17/06/09
PRGF6 105
18,456
10
18,466
Pension Multi
Cap Balanced
Fund
ULIF 094
11/01/10
PMCapBal 105
41,767
24
763
26,291
1
68,846
Pension
Return
Guarantee
Fund V
ULIF 074
29/04/09
PRGF5 105
17,815
10
17,825
ULIF 096
11/01/10
PMoneyMkt 105
56,036
5,341
11,662
73,039
Pension Money
Market Fund
ULIF 015
17/05/04
PBalancer2 105
134,359
68
2,561
79,941
7,413
224,342
ULIF 005
03/05/02
PBalancer1 105
108,348
63
2,010
70,787
181,208
ULIF 019
03/01/05
PInvShld 105
5,003
18
52
50,125
1,033
56,231
Pension
Maximiser
Fund II
ULIF 013
17/05/04
PMaximis2 105
354
10
6,272
216,696
15,057
33
238,422
Pension Balancer
Fund II
Pension
Balancer Fund
Invest Shield
Fund - Pension
SCHEDULE: F-3
Pension Return
Guarantee
Fund X
(10 Yrs)
ULIF 113
13/01/11
PRGF(S3) 105
5,850
9
5,859
2,010
13,112
101,125
7
116,254
ULIF 053
17/03/08
PRICH2 105
ULIF 052
17/03/08
PRICH1 105
1,863
11
18,351
157,957
18,763
12
196,957
ULIF 128
01/12/11
PSECURE 105
3,330
62
270
34,937
3,000
41,599
ULIF 009
17/11/03
PSecPlus 105
1,835
80
27
22,284
1,078
25,304
Secure Plus
Pension Fund
Pension Return
Guarantee
Fund
ULIF 055
18/12/08
PRGF1 105
156,441
9
156,450
ULIF 095
11/01/10
PIncome 105
249,783
133
307,999
26,687
50,000
634,602
Pension Income
Fund
Pension
Secure Fund
Pension
Protector
Fund II
ULIF 017
17/05/04
PProtect2 105
226,846
107
867,149
139,000
1,233,102
ULIF 127
01/12/11
PGROWTH 105
72
81
39,207
1
39,361
Pension Growth
Fund
Pension RICH
Fund II
ULIF 006
03/05/02
PProtect1 105
427,537
215
296,054
297,000
1,020,806
Pension
Protector Fund
ULIF 030
20/03/07
PFlexiGro2 105
46
10
18,155
44,421
3
62,635
Pension Flexi
Growth Fund II
Pension RICH
Fund
ULIF 011
17/05/04
PPreserv 105
150,689
128
150,817
Pension
Preserver Fund
ULIF 029
20/03/07
PFlexiGro1 105
7,167
12
19,150
37,358
1
63,688
Pension Flexi
Growth Fund
Pension Return
Guarantee
Fund XI
(10 Yrs)
ULIF 122
19/04/11
PRGF(S4) 105
753
11
764
8
4,907
4,915
ULIF 043
25/02/08
PMultip1 105
Pension
Multiplier Fund
Pension
Dynamic P/E
Fund
ULIF 098
11/01/10
PDynmicPE 105
14,019
9
10,367
29,743
54,138
2,048,295
16,221
118,259
2,419,447
272,159
489,090
5,363,471
Total
(` 000)
Pension Return
Guarantee
Fund II
ULIF 064
27/01/09
PRGF2 105
138,289
11
36
138,336
(` 000)
ULIF 004
03/05/02
PMaximis1 105
9
1,411
51,756
8
53,184
Pension
Maximiser Fund
(` 000)
145
146
44 Management Report
54 Revenue Account
Accrued interest
Cash & Bank balance
Dividend receivable
Receivable for sale of investments
Unit collection a/c
Other current assets (for investments)
Appropriation adjustment account
Total
Particulars
Accrued interest
Cash & Bank balance
Dividend receivable
Receivable for sale of investments
Unit collection a/c
Other current assets (for investments)
Appropriation adjustment account
Total
Particulars
Accrued interest
Cash & Bank balance
Dividend receivable
Receivable for sale of investments
Unit collection a/c
Other current assets (for investments)
Appropriation adjustment account
Total
Particulars
Group Leave
Encashment
Income Fund
ULGF 014
02/04/08
GLEIncome 105
3,230
13
597
494
2,000
6,334
ULGF 001
03/04/03
GBalanced
105
262,672
6,706
1,872
299,237
300,313
4
870,804
Group Leave
Encashment Short
Term Fund
ULGF 024
26/02/10 GLEST
105
43,835
10
44,063
87,908
ULGF 021
10/02/09
GRGF1 105
34,792
11
1,749
36,552
Group Return
Guarantee Fund
Group Return
Guarantee
Fund - S7
ULGF 028
01/07/11
GRGFS7 105
28,787
7
3,040
31,834
ULGF 002
03/04/03
GDebt
105
439,976
180
111,115
91,070
242,000
884,341
Group Debt
Fund
Group
Superannuation
Corporate Bond Fund
ULGF 015 22/12/08
GSACorBon
105
141,173
40
7,554
148,767
Group Capital
Guarantee Short
Term Debt Fund II
ULGF 009
16/03/07
GCGSTDebt2
105
86,911
9
28,020
114,940
Group Short
Term Debt
Fund
ULGF 003
03/04/03
GSTDebt 105
154,260
8,012
264,366
426,638
Group Capital
Guarantee Short
Term Debt Fund
ULGF 005
24/02/04
GCGSTDebt1
105
2,059
11
841
2,911
1,512,884
23,649
5,624
525,305
892,375
261,011
3,220,848
Total
ULGF 004
30/10/03
GGrowth
105
65,707
50
3,329
74,347
103,911
4
247,348
(` 000)
27,106
276
1,831
14,223
81,981
5,017
130,434
Total
(` 000)
6,348,121
85,795
236,377
7,001,493
3,417,075
1,000,275
18,089,136
Grand Total
(` 000)
Group Leave
Encashment
Balanced Fund
ULGF 013
02/04/08
GLEBal
105
12,459
18
103
10,895
5,460
1
28,936
Health
Return
Guarantee
Fund VII
ULIF 084
16/11/09
HRGF7
105
247
6
253
Group Growth
Fund
ULIF 080
17/06/09
HRGF6
105
360
12
372
ULIF 075
29/04/09
HRGF5
105
699
5
704
ULIF 071
31/03/09
HRGF4
105
1,941
63
2,004
ULIF 068
26/02/09
HRGF3
105
3,181
12
3,193
ULIF 065
29/01/09
HRGF2
105
2,170
2,170
ULIF 062
15/01/09
HRGF1
105
2,649
12
2,661
Group Capital
Guarantee
Debt Fund II
ULGF 011
21/03/07
GCGDebt2
105
14,242
25
4,041
540
17,000
35,848
Group Return
Guarantee
Fund II
ULGF 022
30/03/09 GRGF2
105
1,114
11
43
1,168
Group Capital
Guarantee
Debt Fund
ULGF 007
28/10/05
GCGDebt1
105
747
10
96
107
960
Health
Return
Guarantee
Fund VI
Health
Return
Guarantee
Fund V
Health
Return
Guarantee
Fund IV
Health Return
Guarantee
Fund III
Health Return
Guarantee
Fund II
Health Return
Guarantee
Fund
ULIF 061
15/01/09
HProtect
105
13,264
24
10,652
14,740
5,000
43,680
ULIF 056
15/01/09
HPreserv
105
308
64
370
742
ULIF 058
15/01/09
HMultip
105
11
203
6,108
2
6,324
Health
Protector
Fund
Health
Preserver
Fund
Health
Multiplier
Fund
Group Capital
Guarantee
Balanced Fund II
ULGF 010
21/03/07
GCGBal2
105
41,114
26
281
22,238
11,890
2
75,551
ULIF 057
15/01/09
HFlexiGro
105
250
45
1,538
50,364
14
52,211
Health Flexi
Growth Fund
Group Capital
Guarantee
Balanced Fund
ULGF 006
03/10/05
GCGBal1
105
1,907
42
19
1,685
832
4,485
ULIF 060
15/01/09
HFlexiBal
105
986
12
57
1,504
5,569
1
8,129
ULIF 059
15/01/09
HBalancer
105
1,051
10
33
2,067
4,830
7,991
Group Balanced
Fund
Health Flexi
Balanced
Fund
Health
Balancer
Fund
SCHEDULE: F-3
57 Balance Sheet
59 Schedules
101 Annexures
Particulars
Particulars
Particulars
Particulars
ULIF 114
15/03/11
LMaximis5 105
(102,686)
(456)
(103,142)
Preserver Fund
ULIF 037
27/08/07
LMaximis4 105
(2,677)
(109)
(2,786)
Pinnacle Fund II
(353)
(4,598)
(4,951)
ULIF 010
17/05/04
LPreserv1 105
Maximiser
Fund V
Maximiser
Fund IV
ULIF 105
26/10/10
LPinnacle2 105
(50,662)
(758)
(51,420)
Flexi Growth
Fund
ULIF 026
20/03/07
LFlexiGro1 105
(4,659)
(5,853)
(10,512)
ULIF 002
22/10/01
LBalancer1 105
(146,028)
(3,372)
(149,400)
Balancer Fund
Flexi Balanced
Fund IV
ULIF 040
27/08/07
LFlexiBal4 105
(712)
(32)
(1,253)
(1,997)
Anmol Nivesh
Fund
ULIF 072
28/04/09
LAnmolNiv 105
(1)
(6)
(7)
SCHEDULE: F-4
(19)
(835)
(854)
ULIF 021
13/03/06
LPreserv3 105
Preserver
Fund III
ULIF 090
24/11/09
LMoneyMkt 105
(266)
(266)
Money Market
Fund
Flexi Growth
Fund II
ULIF 027
20/03/07
LFlexiGro2 105
(2,882)
(2,156)
(297)
(5,335)
Balancer
Fund II
ULIF 014
17/05/04
LBalancer2 105
(5,182)
(461)
(5,643)
(24)
(24)
ULIF 036
27/08/07
LPreserv4 105
Preserver
Fund IV
ULIF 088
24/11/09
LMCapBal 105
(7,293)
(277)
(7,570)
Multi Cap
Balanced Fund
Flexi Growth
Fund III
ULIF 028
20/03/07
LFlexiGro3 105
(359)
(319)
(2,032)
(2,710)
Balancer
Fund III
ULIF 023
13/03/06
LBalancer3 105
(525)
(93)
(1,019)
(1,637)
ULIF 003
22/10/01
LProtect1 105
(126)
(1,648)
(1,774)
Protector Fund
ULIF 085
24/11/09
LMCapGro 105
(2,020)
(2,020)
Multi Cap
Growth Fund
Flexi Growth
Fund IV
ULIF 038
27/08/07
LFlexiGro4 105
(1,950)
(1,950)
Balancer
Fund IV
ULIF 039
27/08/07
LBalancer4 105
(14,121)
(108)
(14,229)
ULIF 008
11/08/03
LCashPlus 105
(495,752)
(418)
(496,170)
ULIF 016
17/05/04
LProtect2 105
(201)
(349)
(550)
Protector
Fund II
ULIF 024
13/03/06
LProtect3 105
(8)
(83)
(2,182)
(2,273)
Protector
Fund III
(398)
(398)
ULIF 044
25/02/08
LMultip2 105
Multiplier
Fund II
(2,901)
(13,333)
(16,234)
ULIF 042
22/11/07
LMultip1 105
Multiplier Fund
(272)
(272)
ULIF 087
24/11/09
LBluChip 105
Bluechip Fund
ULIF 041
27/08/07
LProtect4 105
(61)
(368)
(429)
Protector
Fund IV
(44)
(179)
(223)
ULIF 046
25/02/08
LMultip3 105
Multiplier
Fund III
Invest Shield
Cash Fund
ULIF 020
03/01/05
LInvCash 105
(71)
(774)
(845)
(267)
(37,355)
(37,622)
Discontinued
Fund - Life
ULIF 100
01/07/10
LDiscont 105
(85)
(834)
(919)
ULIF 054
18/12/08
LRGF1 105
Return
Guarantee Fund
(189)
(189)
ULIF 047
25/02/08
LMultip4 105
Multiplier
Fund IV
Invest Shield
Fund - Life
ULIF 018
03/01/05
LInvShld 105
(322,667)
(361)
(323,028)
Dynamic P/E
Fund
ULIF 097
11/01/10
LDynmicPE 105
(2,799)
(2,799)
(94)
(1132)
(1226)
Return
Guarantee
Fund II
ULIF 063
27/01/09
LRGF(T2) 105
New Invest
Shield Balanced
Fund
ULIF 025
21/08/06
LInvShldNw 105
(4,042)
(437)
(4,479)
Maximiser
Fund
ULIF 001
22/10/01
LMaximis1 105
(213,922)
(11,958)
(225,880)
Flexi Balanced
Fund
ULIF 031
20/03/07
LFlexiBal1 105
(1,289)
(321)
(1,610)
(88)
(2,856)
(2,944)
Return
Guarantee
Fund III
ULIF 066
26/02/09
LRGF(T3) 105
ULIF 086
24/11/09
LOpport 105
(98,979)
(518)
(99,497)
Opportunities
Fund
Maximiser
Fund II
ULIF 012
17/05/04
LMaximis2 105
(40,531)
(1,915)
(42,446)
Flexi Balanced
Fund II
ULIF 032
20/03/07
LFlexiBal2 105
(886)
(98)
(984)
(35)
(4,428)
(4,463)
Return
Guarantee
Fund IV
ULIF 069
31/03/09
LRGF(T4) 105
(` 000)
ULIF 081
26/10/09
LPinnacle 105
(923,026)
(1,995)
(9,289)
(934,310)
Pinnacle Fund
(` 000)
Maximiser
Fund III
ULIF 022
13/03/06
LMaximis3 105
(8,426)
(545)
(5,613)
(14,584)
(` 000)
Flexi Balanced
Fund III
ULIF 033
20/03/07
LFlexiBal3 105
(69)
(17)
(86)
(` 000)
147
148
44 Management Report
54 Revenue Account
57 Balance Sheet
Particulars
Particulars
Particulars
Particulars
(244)
(244)
ULIF 096
11/01/10
PMoneyMkt 105
ULIF 013
17/05/04
PMaximis2 105
(70,247)
(3,203)
(73,450)
Pension Money
Market Fund
ULIF 005
03/05/02
PBalancer1
105
(30)
(1,837)
(14,637)
(16,504)
Pension
Balancer Fund
(3,093)
(396)
(3,919)
(7,408)
ULIF 094
11/01/10
PMCapBal 105
Pension Multi
Cap Balanced
Fund
Pension
Balancer
Fund II
ULIF 015
17/05/04
PBalancer2
105
(34)
(936)
(970)
(47,214)
(1,708)
(48,922)
(196)
(196)
ULIF 103
12/10/10
LRGF(T8) 105
Return Guarantee
Fund VIII (5 Yrs)
(2,600)
(2,600)
ULIF 091
11/01/10
PMCapGro 105
Pension Multi
Cap Growth
Fund
(386)
(386)
ULIF 093
11/01/10
PBluChip
105
Pension
Bluechip Fund
(1,575)
(4,147)
(5,722)
ULIF 043
25/02/08
PMultip1 105
Pension
Multiplier Fund
(568)
(568)
ULIF 045
25/02/08
PMultip2 105
(121,925)
(1,096)
(123,021)
ULIF 092
11/01/10
POpport 105
(530)
(323)
(853)
ULIF 111
13/01/11
LRGF(T10) 105
Return Guarantee
Fund X (5 Yrs)
(528)
(11,183)
(11,711)
ULIF 011
17/05/04
PPreserv 105
Pension
Preserver Fund
ULIF 029
20/03/07
PFlexiGro1
105
(7,204)
(6,469)
(13,673)
(6)
(6)
(73)
(3,118)
(22,400)
(25,591)
ULIF 006
03/05/02
PProtect1 105
Pension
Protector Fund
ULIF 030
20/03/07
PFlexiGro2
105
(7,759)
(3,929)
(3,221)
(14,909)
Pension Flexi
Growth Fund II
Pension Flexi
Growth Fund
(60,353)
(70)
(60,423)
(37,687)
(800)
(38,487)
(2)
(27)
(29)
ULIF 107
22/12/10
LRGF(S2) 105
Return Guarantee
Fund IX (10 Yrs)
(258)
(520)
(778)
ULIF 106
22/12/10
LRGF(T9) 105
Return Guarantee
Fund IX (5 Yrs)
RICH Fund IV
(55)
(55)
ULIF 104
12/10/10
LRGF(S1) 105
Return Guarantee
Fund VIII (10 Yrs)
Pension
Dynamic P/E
Fund
ULIF 098
11/01/10
PDynmicPE
105
(1)
(2,966)
(2,967)
(2,081)
(144)
(1,872)
(4,097)
(7)
(77)
(84)
ULIF 082
16/11/09
LRGF(T7) 105
Return Guarantee
Fund VII
RICH Fund II
Pension
Maximiser
Fund II
ULIF 019
03/01/05
PInvShld
105
(44,369)
(72)
(44,441)
Invest Shield
Fund - Pension
(39,221)
(2,392)
(41,613)
RICH Fund
(16)
(125)
(141)
ULIF 078
17/06/09
LRGF(T6) 105
ULIF 073
29/04/09
LRGF(T5) 105
(16)
(44)
(60)
Return Guarantee
Fund VI
Return Guarantee
Fund V
SCHEDULE: F-4
(823,415)
(726)
(14,836)
(838,977)
ULIF 017
17/05/04
PProtect2 105
Pension
Protector
Fund II
ULIF 127
01/12/11
PGROWTH
105
(9,049)
(27)
(9,076)
Pension Growth
Fund
(276)
(2,041)
(2,317)
ULIF 055
18/12/08
PRGF1 105
Pension Return
Guarantee
Fund
(6)
(1,540)
(1,546)
ULIF 095
11/01/10
PIncome
105
Pension Income
Fund
(33)
(33)
(253)
(253)
ULIF 120
17/03/11
LRGF(T11) 105
Return
Guarantee Fund
XI (5 Yrs)
(10)
(93)
(103)
ULIF 112
13/01/11
LRGF(S3) 105
Return
Guarantee Fund
X (10 Yrs)
(258)
(258)
ULIF 064
27/01/09
PRGF2 105
Pension Return
Guarantee
Fund II
(` 000)
Pension
Maximiser
Fund
ULIF 004
03/05/02
PMaximis1
105
(21,397)
(1,535)
(12,023)
(34,955)
(` 000)
(2,938,588)
(60,447)
(90,202)
(3,089,237)
Total
(` 000)
(4)
(4)
ULIF 121
19/04/11
LRGF(S4) 105
Return
Guarantee Fund
XI (10 Yrs)
(` 000)
59 Schedules
101 Annexures
Particulars
Particulars
Particulars
Particulars
ULIF 059
15/01/09
HBalancer 105
ULGF 001
03/04/03
GBalanced 105
(105)
(105)
Group Leave
Encashment Short
Term Fund
Group Leave
Encashment
Income Fund
(54)
(54)
(1)
(1)
(4)
(211)
(215)
ULIF 065
29/01/09
HRGF2 105
(573)
(573)
(29)
(29)
(115)
(115)
ULGF
028 01/07/11
GRGFS7 105
ULGF 023 16/06/09
GRGF3 105
(1,009)
(1,009)
ULGF 003
03/04/03
GSTDebt 105
(62)
(2,178)
(2,240)
ULGF 002
03/04/03
GDebt 105
Group Debt
Fund
(370)
(370)
ULGF
015 22/12/08
GSACorBon 105
(51,614)
(9,423)
(284)
(61,321)
Total
(13,371)
(1,165)
(14,536)
ULGF 004
30/10/03
GGrowth 105
(` 000)
(121,406)
(600)
(906)
(122,912)
Total
(` 000)
(1,135,722)
(43,329)
(136,861)
(1,315,912)
Total
(` 000)
(4,247,330)
(113,799)
(228,253)
(4,589,382)
Grand Total
(` 000)
(6,156)
(130)
(6,286)
ULGF 013
02/04/08
GLEBal 105
Group Leave
Encashment
Balanced Fund
(3)
(3)
ULIF 084
16/11/09
HRGF7 105
Health Return
Guarantee
Fund VII
(19,700)
(30)
(19,730)
ULIF 009
17/11/03
PSecPlus 105
Secure Plus
Pension Fund
Group Growth
Fund
(4)
(4)
ULIF 080
17/06/09
HRGF6 105
Health Return
Guarantee
Fund VI
(4)
(26)
(30)
ULIF 128
01/12/11
PSECURE 105
Pension
Secure Fund
Group Superannuation
Corporate
Bond Fund
(545)
(545)
ULGF 009
16/03/07
GCGSTDebt2 105
Group Short
Term Debt Fund
(16)
(16)
ULGF 005
24/02/04
GCGSTDebt1 105
ULGF 026
14/03/11
GRGFS5 105
(70)
(15)
(284)
(369)
ULGF
012 05/07/07
GCGGrowth2 105
(1)
(17)
(18)
ULIF 075
29/04/09
HRGF5 105
Health Return
Guarantee
Fund V
(2,778)
(2,534)
(17,674)
(22,986)
ULIF 053
17/03/08
PRICH2 105
Pension RICH
Fund II
Group Capital
Guarantee Short
Term Debt Fund II
(2)
(364)
(366)
ULIF 071
31/03/09
HRGF4 105
Health Return
Guarantee
Fund IV
(4,631)
(5,342)
(9,973)
ULIF 052
17/03/08
PRICH1 105
Pension RICH
Fund
Group Capital
Guarantee Short
Term Debt Fund
(3)
(261)
(264)
ULIF 068
26/02/09
HRGF3 105
Group Return
Guarantee
Fund - S7
(37)
(9)
(46)
ULGF 008
11/12/06
GCGGrowth1 105
(2)
(46)
(48)
ULIF 062
15/01/09
HRGF1 105
Health Return
Guarantee
Fund III
(2)
(1)
(3)
ULIF 122
19/04/11
PRGF(S4) 105
Pension Return
Guarantee Fund
XI (10 Yrs)
(20)
(179)
(199)
ULGF 011
21/03/07
GCGDebt2 105
Group Return
Guarantee Fund II
(10)
(3)
(13)
ULGF 007
28/10/05
GCGDebt1 105
Group Return
Guarantee Fund
(12,883)
(347)
(13,230)
ULGF 010
21/03/07
GCGBal2 105
Group Capital
Guarantee Debt
Fund II
(1)
(21)
(6)
(28)
ULIF 113
13/01/11
PRGF(S3) 105
(1)
(9)
(16)
(26)
ULIF 108
22/12/10
PRGF(S2) 105
Pension Return
Guarantee Fund
X (10 Yrs)
(12)
(67)
(79)
ULIF 061
15/01/09
HProtect 105
Health
Protector Fund
(29)
(5)
(34)
ULIF 102
12/10/10
PRGF(S1) 105
Pension Return
Guarantee
Fund VIII
(3)
(3)
ULIF 056
15/01/09
HPreserv 105
Health
Preserver
Fund
(118)
(3,212)
(3,330)
ULIF 083
16/11/09
PRGF7 105
Pension
Return
Guarantee
Fund VII
Group Capital
Guarantee Debt
Fund
(15,039)
(53)
(15,092)
ULIF 058
15/01/09
HMultip 105
Health
Multiplier
Fund
(64)
(49)
(113)
ULIF 079
17/06/09
PRGF6 105
Pension
Return
Guarantee
Fund VI
Group Capital
Guarantee
Balanced Fund II
(100,622)
(422)
(101,044)
ULIF 057
15/01/09
HFlexiGro 105
Health Flexi
Growth Fund
(47)
(414)
(461)
ULIF 074
29/04/09
PRGF5 105
Pension
Return
Guarantee
Fund V
(62)
(27)
(89)
ULGF 006
03/10/05
GCGBal1 105
Group Balanced
Fund
(18,937)
(2,539)
(21,476)
Group Capital
Guarantee
Balanced Fund
(5,115)
(23)
(5,138)
ULIF 060
15/01/09
HFlexiBal 105
Health Balancer
Fund
(618)
(20)
(638)
Health Flexi
Balanced
Fund
(92)
(12,955)
(13,047)
ULIF 070
31/03/09
PRGF4 105
ULIF 067
26/02/09
PRGF3 105
(242)
(9,513)
(9,755)
Pension
Return
Guarantee
Fund IV
Pension Return
Guarantee
Fund III
SCHEDULE: F-4
149
150
44 Management Report
Schedule
643,999
59,692
441,704
34,610
300,095
1,480,100
145,971
116,776
50,222
41,103
354,072
1,126,028
10,848,765
11,974,793
726
77
167
57
301
425
279
704
ULIF 002
22/10/01
LBalancer1
105
670
56
-
ULIF 072
28/04/09
LAnmolNiv
105
Balancer
Fund
116,253
481,807
37,961
47,438
11,347
96,746
385,061
3,400,111
3,785,172
202,184
19,380
136,759
7,231
ULIF 014
17/05/04
LBalancer2
105
Balancer
Fund II
6,249
37,557
6,943
1,998
1,101
10,042
27,515
280,836
308,351
15,723
1,624
13,592
369
ULIF 023
13/03/06
LBalancer3
105
Balancer
Fund III
36,696
120,107
9,466
11,867
2,998
24,331
95,776
88,893
184,669
47,721
4,758
30,001
931
ULIF 039
27/08/07
LBalancer4
105
Balancer
Fund IV
54 Revenue Account
57 Balance Sheet
F-5
Schedule
9,804
370,706
1,828,144
18,024
795,846
3,022,524
414,096
68,113
64,045
546,254
2,476,270
10,054,550
12,530,820
8,908
2,529
6,136
155
20,653
38,381
2,684
3,726
895
7,305
31,076
21,980
53,056
Flexi
Growth
Fund
ULIF 026
20/03/07
LFlexiGro1
105
471,217
1,720,634
159,259
240,673
51,825
451,757
1,268,877
1,608,351
2,877,228
6,644
210,947
1,012,359
19,467
ULIF 027
20/03/07
LFlexiGro2
105
Flexi Growth
Fund II
1,644
153,103
21,465
9,065
3,759
34,289
118,814
394,537
513,351
5
19,684
122,986
8,784
Flexi
Growth
Fund III
ULIF 028
20/03/07
LFlexiGro3
105
545,001
1,575,149
146,943
170,609
42,113
359,665
1,215,484
1,723,007
2,938,491
15,263
192,467
812,194
10,224
ULIF 038
27/08/07
LFlexiGro4
105
Flexi Growth
Fund IV
1,692,017
2,616,369
472,110
1,096,022
261,794
1,829,926
786,443
(275,599)
510,844
996,895
212,163
(278,556)
(6,150)
ULIF 116
15/03/11
LHighNavB
105
Highest NAV
Fund B
Particulars
Flexi
Balanced
Fund IV
ULIF 040
27/08/07
LFlexiBal4
105
(23,381)
179,205
34,497
28,579
9,316
72,392
106,813
681,785
788,598
233,636
(31,624)
574
ULIF 008
11/08/03
LCashPlus
105
(54,556)
892,425
167,973
649,540
142,427
959,940
(67,515)
279,103
211,588
1,045,372
(98,212)
(179)
ULIF 089
24/11/09
LIncome
105
Income Fund
204,705
290,072
25,505
74,550
13,859
113,914
176,158
(110,472)
65,686
398
32,603
53,753
(1,387)
ULIF 087
24/11/09
LBluChip
105
Cash Plus
Fund
Particulars
Anmol
Nivesh Fund
3.26 Fund Revenue Account for the year ended March 31, 2014
From A-RA-(UL)
ANNEXURE 2 :
(37,815)
324,464
63,131
90,759
20,459
174,349
150,115
653,849
803,964
425,853
(66,429)
2,855
ULIF 020
03/01/05
LInvCash
105
Invest Shield
Cash Fund
(3,923)
651,785
37,427
10
4,628
42,065
609,720
175,581
785,301
633,463
23,640
(1,395)
ULIF 100
01/07/10
LDiscont
105
Discontinued
Fund - Life
41,760
207,988
30,703
27,961
7,979
66,643
141,345
498,665
640,010
165,255
6,647
(7,977)
2,303
ULIF 018
03/01/05
LInvShld
105
Invest Shield
Fund - Life
2,649,837
3,222,759
249,952
497,474
100,570
847,996
2,374,763
(749,638)
1,625,125
105,197
284,128
182,739
858
ULIF 097
11/01/10
LDynmicPE
105
Dynamic P/E
Fund
19,617
20,477
517
3,480
5,366
9,363
11,114
11,114
170
411
279
-
ULIF 134
19/09/13
LGF 105
Life Growth
Fund
75,424
153,602
24,257
4,426
3,835
32,518
121,084
370,889
491,973
38,045
10,557
32,311
(2,735)
Flexi
Balanced
Fund
ULIF 031
20/03/07
LFlexiBal1
105
1,739
3,977
430
3,202
4,598
8,230
(4,253)
(4,253)
1,948
290
-
ULIF 135
19/09/13
LSF 105
Life Secure
Fund
56,863
109,281
7,701
14,596
3,011
25,308
83,973
127,086
211,059
26,590
7,343
19,768
(1,283)
Flexi
Balanced
Fund II
ULIF 032
20/03/07
LFlexiBal2
105
3,768,393
10,064,574
515,692
412,553
163,755
144,055
1,236,055
8,828,519
39,344,071
48,172,590
98,508
555,831
5,453,093
188,749
ULIF 001
22/10/01
LMaximis1
105
Maximiser
Fund
(` 000)
3,731
8,322
1,267
499
218
1,984
6,338
27,914
34,252
1,880
537
2,137
37
Flexi
Balanced
Fund III
ULIF 033
20/03/07
LFlexiBal3
105
(` 000)
59 Schedules
F-5
Schedule
872,346
2,493,733
151,342
130,803
35,679
317,824
2,175,909
10,080,225
12,256,134
14,445
137,069
1,447,098
22,775
ULIF 012
17/05/04
LMaximis2
105
135,875
439,050
40,331
12,284
6,460
59,075
379,975
1,883,348
2,263,323
1,237
25,313
271,378
5,247
ULIF 022
13/03/06
LMaximis3
105
Maximiser
Fund III
40,597
128,931
7,911
7,610
1,987
17,508
111,423
201,131
312,554
18
7,498
80,118
700
ULIF 037
27/08/07
LMaximis4
105
Maximiser
Fund IV
1,013,901
1,397,743
71,173
329,718
65,298
466,189
931,554
(47,040)
884,514
9,124
64,214
300,317
10,187
ULIF 114
15/03/11
LMaximis5
105
Maximiser
Fund V
3,099
506,379
40,726
246,803
58,456
345,985
160,394
142,408
302,802
464,123
38,499
658
ULIF 090
24/11/09
LMoneyMkt
105
Money
Market Fund
101 Annexures
F-5
Schedule
367,255
105,828
11,009
(22,065)
677,974
1,140,001
10,875
146,809
52,182
26,741
236,607
903,394
(403,116)
500,278
9,621
57,038
63,068
(8,302)
433,989
555,414
45,978
110,641
21,385
178,004
377,410
(138,750)
238,660
Pinnacle
Fund
ULIF 081
26/10/09
LPinnacle
105
451,272
594,609
4,646
62,727
109,116
27,100
203,589
391,020
(213,760)
177,260
122,974
50,498
(26,837)
(3,298)
Pinnacle
Fund II
ULIF 105
26/10/10
LPinnacle2
105
1,924
511,897
41,016
34,353
10,113
85,482
426,415
1,353,458
1,779,873
475,841
31,111
3,021
Preserver
Fund
ULIF 010
17/05/04
LPreserv1
105
79
25,128
2,047
1,220
394
3,661
21,467
72,656
94,123
23,106
1,789
154
Preserver
Fund III
ULIF 021
13/03/06
LPreserv3
105
Particulars
Opportunities
Fund
ULIF 086
24/11/09
LOpport
105
199,353
329,527
28,200
82,767
16,955
127,922
201,605
27,777
229,382
74,826
19,241
36,255
(148)
1,536,624
2,144,985
184,420
463,302
93,197
740,919
1,404,066
(439,731)
964,335
25,234
236,536
342,034
4,557
217
45,105
3,640
7,156
1,426
12,222
32,883
28,565
61,448
39,890
4,759
239
(70,731)
605,257
116,606
23,322
43,883
24,326
208,137
397,120
4,097,988
4,495,108
798,646
(133,741)
11,083
Particulars
Maximiser
Fund II
3.26 Fund Revenue Account for the year ended March 31, 2014 (Contd.)
From A-RA-(UL)
(24,749)
295,569
30,195
56,048
10,966
97,209
198,360
1,638,517
1,836,877
335,974
(19,254)
3,598
Protector
Fund II
ULIF 016
17/05/04
LProtect2
105
120,874
1,347,428
199,208
26,401
30,004
255,613
1,091,815
4,404,780
5,496,595
1,097
173,099
1,035,953
16,405
ULIF 042
22/11/07
LMultip1
105
Multiplier
Fund
(4,751)
28,923
6,780
2,536
1,144
10,460
18,463
219,219
237,682
37,140
(3,862)
396
Protector
Fund III
ULIF 024
13/03/06
LProtect3
105
84,664
298,104
29,768
43,223
9,540
82,531
215,573
301,543
517,116
1,327
36,943
168,440
6,730
ULIF 044
25/02/08
LMultip2
105
Multiplier
Fund II
(31,098)
261,561
30,329
77,870
14,585
122,784
138,777
532,698
671,475
339,320
(51,283)
4,622
Protector
Fund IV
ULIF 041
27/08/07
LProtect4
105
36,133
137,198
13,756
15,575
3,799
33,130
104,068
166,664
270,732
67
16,945
84,976
(923)
ULIF 047
25/02/08
LMultip4
105
Multiplier
Fund IV
(2,188)
29,046
4,866
4,416
1,145
10,427
18,619
110,792
129,411
28,106
765
2,363
Return
Guarantee Fund
ULIF 054
18/12/08
LRGF1
105
198
20,864
2,941
1,063
492
4,496
16,368
55,275
71,643
2
2,554
17,503
607
ULIF 046
25/02/08
LMultip3
105
Multiplier
Fund III
(5,099)
32,634
5,510
4,713
1,245
11,468
21,166
103,726
124,892
25,231
7,804
4,698
Return
Guarantee Fund II
ULIF 063
27/01/09
LRGF(T2)
105
(` 000)
117,259
325,438
36,182
38,598
9,873
84,653
240,785
542,981
783,766
151,375
17,414
35,212
4,178
New Invest
Shield
Balanced Fund
ULIF 025
21/08/06
LInvShldNw
105
(` 000)
151
152
57 Balance Sheet
F-5
116,071
24,065
(748)
(31,801)
107,587
20,732
15,995
4,583
41,310
66,277
151,752
218,029
2,048
(219)
(123)
(722)
984
351
499
108
958
26
1,455
1,481
707,559
1,341,107
165,776
27,059
25,876
218,711
1,122,396
1,381,817
2,504,213
289
121,622
476,809
34,828
ULIF 048
17/03/08
LRICH1 105
RICH Fund
(3,991)
7,375
2,228
772
370
3,370
4,005
22,493
26,498
(329)
6,949
1,214
840
270
2,324
4,625
12,635
17,260
RICH Fund IV
471
6,370
1,107
1,067
288
2,462
3,908
8,424
12,332
6,712
758
(192)
971,694
1,549,518
127,972
233,997
47,272
409,241
1,140,277
(168,682)
971,595
(9,596)
138,267
418,454
30,699
37,321
77,292
9,533
3,560
1,613
14,706
62,586
191,877
254,463
13
7,032
30,976
1,950
484,305
754,632
61,717
74,034
17,964
153,715
600,917
(9,626)
591,291
849
65,944
187,542
15,992
(6,299)
15,157
4,518
1,144
703
6,365
8,792
46,381
55,173
26,511
(4,776)
(279)
Return
Guarantee Fund
VIII (10 Yrs)
ULIF 104
12/10/10
LRGF(S1) 105
14,495
41,058
5,701
3,763
1,407
10,871
30,187
108,110
138,297
30,260
1,409
(5,164)
58
ULIF 007
11/08/03
LSecPlus 105
(303)
2,877
516
347
118
981
1,896
3,780
5,676
2,771
448
(39)
ULIF 049
ULIF 050
ULIF 051
17/03/08 LRICH2 17/03/08 LRICH3 17/03/08 LRICH4
105
105
105
RICH Fund II
(5,755)
113,279
21,434
7,136
3,554
32,124
81,155
196,403
277,558
5,921
(77)
55
Return
Guarantee
Fund V
ULIF 073
29/04/09
LRGF(T5) 105
Schedule
Return Guarantee
Fund XI (5 Yrs)
ULIF 120
17/03/11
LRGF(T11) 105
(898)
15,247
2,598
2,424
641
5,663
9,584
34,801
44,385
(4,473)
35,594
6,083
4,830
1,364
12,277
23,317
101,352
124,669
Return Guarantee
Fund XI (10 Yrs)
ULIF 121
19/04/11
LRGF(S4) 105
14,841
2,212
(908)
118,897
1,023
(886)
Return
Guarantee Fund
IX (5 Yrs)
ULIF 106
22/12/10
LRGF(T9) 105
54 Revenue Account
28,347
2,960
8,760
12,889
(1,290)
(233)
Return
Guarantee Fund
IX (10 Yrs)
ULIF 107
22/12/10
LRGF(S2) 105
Particulars
F-5
Schedule
Return
Guarantee
Fund IV
ULIF 069
31/03/09
LRGF(T4) 105
44 Management Report
Particulars
Return
Guarantee
Fund III
ULIF 066
26/02/09
LRGF(T3) 105
3.26 Fund Revenue Account for the year ended March 31, 2014 (Contd.)
From A-RA-(UL)
3,555
6,042
506
941
173
1,620
4,422
(617)
3,805
974
451
1,062
-
Secure Save
Builder Fund
ULIF 077
29/05/09
LSSavBuil 105
(5,451)
88,205
16,236
3,571
2,507
22,314
65,891
149,797
215,688
86,901
5,277
1,478
Return
Guarantee Fund
VIII (5 Yrs)
ULIF 103
12/10/10
LRGF(T8) 105
7,082
18,624
2,929
3,696
803
7,428
11,196
(400)
10,796
8,360
958
2,224
-
Secure Save
Guarantee Fund
ULIF 076
29/05/09
LSSavGtee 105
(20,211)
25,017
7,562
3,981
1,366
12,909
12,108
68,469
80,577
44,142
1,933
(847)
Return
Guarantee Fund
X (10 Yrs)
ULIF 112
13/01/11
LRGF(S3) 105
18,410,853
45,523,198
793,790
4,155,540
5,573,679
1,532,936
12,055,945
33,467,253
96,852,608
130,319,861
8,805,452
3,277,880
14,585,007
444,006
Total
(` 000)
(11,223)
240,372
43,957
23,011
8,288
75,256
165,116
386,490
551,606
238,142
8,536
4,917
Return
Guarantee Fund
X (5 Yrs)
ULIF 111
13/01/11
LRGF(T10) 105
(` 000)
59 Schedules
F-5
Schedule
ULIF 101
01/07/10
PDiscont
105
1,870
134
1,903
(34)
6,806
10,679
829
1,205
1,022
3,056
7,623
7,623
56
56
3
3
53
53
Easy
Retirement
Balanced
Fund
ULIF 132
02/11/12
ERBF
105
222
2,198
213
443
382
1,038
1,160
1,160
1,190
786
-
ULIF 133
02/11/12
ERSF
105
Easy
Retirement
Secure Fund
5,981
43,803
6,148
2,545
1,175
9,868
33,935
131,400
165,335
32,233
1,326
4,131
132
ULIF 019
03/01/05
PInvShld
105
Invest Shield
Fund Pension
171,136
601,433
77,896
62,317
30,201
21,569
191,983
409,450
2,414,071
2,823,521
362,877
36,414
19,627
11,379
ULIF 005
03/05/02
PBalancer1
105
Pension
Balancer
Fund
101 Annexures
F-5
Schedule
895,860
(55,391)
2,521
(90,349)
752,641
140,133
346,952
59,583
546,668
205,973
166,468
372,441
51,379
74,402
3,844
8,622
2,291
14,757
59,645
(7,858)
51,787
ULIF 095
11/01/10
PIncome
105
28
3,513
19,020
462
ULIF 127
01/12/11
PGROWTH
105
Pension
Income Fund
410,326
1,288,746
66,317
53,054
10,998
16,946
147,315
1,141,431
3,915,375
5,056,806
4,880
75,212
778,572
19,756
ULIF 004
03/05/02
PMaximis1
105
Pension
Maximiser
Fund
1,601,027
4,071,535
249,593
40,908
36,895
327,396
3,744,139
12,420,343
16,164,482
37,631
237,766
2,123,963
71,148
ULIF 013
17/05/04
PMaximis2
105
Pension
Maximiser
Fund II
1,808
422,502
33,766
123,282
19,234
176,282
246,220
66,349
312,569
391,495
25,953
3,246
ULIF 096
11/01/10
PMoneyMkt
105
Pension
Money
Market Fund
Particulars
Pension
Growth Fund
Particulars
Discontinued
Fund Pension
3.26 Fund Revenue Account for the year ended March 31, 2014 (Contd.)
From A-RA-(UL)
190,869
297,559
28,832
68,861
12,108
109,801
187,758
(330,725)
(142,967)
171
37,809
75,323
(6,613)
ULIF 093
11/01/10
PBluChip
105
Pension
Bluechip
Fund
174,712
354,455
31,578
70,551
12,558
114,687
239,768
(103,497)
136,271
81,900
22,219
76,090
(466)
1,049,201
2,054,289
195,858
479,242
83,009
758,109
1,296,180
(945,239)
350,941
3,549
264,177
715,638
21,724
220,147
708,977
73,271
15,959
11,537
100,767
608,210
3,550,372
4,158,582
425,770
42,462
15,092
5,506
ULIF 015
17/05/04
PBalancer2
105
Pension
Balancer
Fund II
375,415
745,519
110,524
49,627
19,492
179,643
565,876
346,477
912,353
1,470
88,888
276,301
3,445
ULIF 043
25/02/08
PMultip1
105
Pension
Multiplier
Fund
1,883,372
2,787,941
221,851
555,079
95,832
872,762
1,915,179
(1,631,371)
283,808
56,645
269,278
553,986
24,660
ULIF 098
11/01/10
PDynmicPE
105
Pension
Dynamic
P/E Fund
215,241
419,648
39,175
10,755
6,316
56,246
363,402
418,265
781,667
150
49,269
149,941
5,047
ULIF 045
25/02/08
PMultip2
105
Pension
Multiplier
Fund II
76,495
141,024
24,833
9,305
4,201
38,339
102,685
126,516
229,201
40,392
10,449
27,621
(13,933)
ULIF 034
20/03/07
PFlexiBal1 105
Pension Flexi
Balanced Fund
614,850
1,000,574
81,268
195,296
33,735
310,299
690,275
(625,515)
64,760
20,875
96,856
283,273
(15,280)
ULIF 092
11/01/10
POpport
105
Pension
Opportunities
Fund
88,801
162,869
12,517
3,215
2,015
17,747
145,122
426,589
571,711
46,730
11,687
35,271
(19,620)
ULIF 035
20/03/07
PFlexiBal2 105
Pension Flexi
Balanced
Fund II
2,208
796,190
63,513
45,577
13,349
122,439
673,751
1,118,819
1,792,570
739,230
44,173
10,579
ULIF 011
17/05/04
PPreserv
105
Pension
Preserver
Fund
1,113,072
3,457,718
468,406
214,803
83,879
767,088
2,690,630
4,000,305
6,690,935
22,656
410,152
1,837,046
74,792
ULIF 029
20/03/07
PFlexiGro1
105
Pension
Flexi Growth
Fund
(151,675)
1,283,396
213,220
42,644
144,105
49,171
449,140
834,256
3,782,886
4,617,142
1,469,371
(38,307)
4,007
ULIF 006
03/05/02
PProtect1
105
Pension
Protector
Fund
(` 000)
832,262
3,139,914
275,556
78,643
44,690
398,889
2,741,025
9,689,147
12,430,172
8,043
367,615
1,849,320
82,674
ULIF 030
20/03/07
PFlexiGro2
105
Pension
Flexi Growth
Fund II
(` 000)
153
154
ULIF 017 17/05/04
PProtect2
105
57 Balance Sheet
F-5
9,874
(1,285)
(63)
(3,259)
5,267
1,703
183
232
2,118
3,149
17,656
20,805
13,942
(410)
(412)
(4,916)
8,204
2,380
125
310
2,815
5,389
26,234
31,623
(297)
555
189
38
28
255
300
2,091
2,391
1,100
(151)
(97)
Pension Return
Guarantee Fund XI
(10 Yrs)
ULIF 122 19/04/11
PRGF(S4) 105
(10,808)
101,839
16,646
5,122
2,677
24,445
77,394
467,647
545,041
(6,892)
37,570
6,575
2,887
1,160
10,622
26,948
128,340
155,288
Pension
RICH Fund
615,518
2,562,853
371,346
165,459
65,639
602,444
1,960,409
3,097,178
5,057,587
29,912
288,339
1,538,508
90,576
386,543
1,794,419
173,081
59,621
29,363
262,065
1,532,354
3,853,716
5,386,070
10,412
203,368
1,007,277
186,819
(891)
25,008
3,468
8,066
2,127
13,661
11,347
(747)
10,600
20,515
3,948
1,436
(1,360)
26,857
4,757
2,606
896
8,259
18,598
70,460
89,058
25,664
2,988
(435)
Pension Return
Guarantee
Fund VI
ULIF 079
17/06/09 PRGF6
105
4,710
15,934
2,299
533
414
3,246
12,688
55,146
67,834
12,013
571
(1,071)
(289)
(739)
19,416
3,395
1,935
651
5,981
13,435
52,301
65,736
18,471
3,336
(1,652)
Pension Return
Guarantee Fund V
(1,694)
2,519
754
51
100
905
1,614
8,064
9,678
4,354
(65)
(76)
Pension Return
Guarantee Fund IX
(10 Yrs)
ULIF 108 22/12/10
PRGF(S2)
105
(18,098)
95,017
16,412
6,100
2,766
25,278
69,739
421,165
490,904
35,694
7,907
861
Schedule
Pension Return
Guarantee Fund X
(10 Yrs)
ULIF 113 13/01/11
PRGF(S3) 105
(16,182)
93,710
15,683
7,359
2,836
25,878
67,832
472,076
539,908
(84,734)
580,878
60,640
20,474
10,265
91,379
489,499
2,266,246
2,755,745
Pension Return
Guarantee Fund VIII
91,821
1,827
16,244
74,588
13,802
24,725
Pension Return
Guarantee Fund IV
54 Revenue Account
691,985
(32,123)
5,750
77,545
23,633
11,469
Pension Return
Guarantee Fund II
Particulars
F-5
Schedule
Pension Return
Guarantee Fund
44 Management Report
Particulars
Pension Protector
Fund II
3.26 Fund Revenue Account for the year ended March 31, 2014 (Contd.)
From A-RA-(UL)
9,706,779
30,036,484
357,433
2,907,994
2,789,426
751,882
6,806,735
23,229,749
49,943,295
73,173,044
5,811,544
2,517,504
11,380,928
619,729
Total
(` 000)
6,572
48,370
8,940
2,693
1,429
13,062
35,308
76,545
111,853
48,582
(6,525)
(259)
Pension Return
Guarantee Fund
VII
ULIF 083
16/11/09 PRGF7
105
(` 000)
Schedule
ULIF 059
15/01/09
HBalancer
105
Health
Flexi
Balanced
Fund
ULIF 060
15/01/09
HFlexiBal
105
ULIF 057
15/01/09
HFlexiGro
105
Health Flexi
Growth
Fund
ULIF 058
15/01/09
HMultip
105
Health
Multiplier
Fund
ULIF 056
15/01/09
HPreserv
105
Health
Preserver
Fund
ULIF 061
15/01/09
HProtect
105
Health
Protector
Fund
59 Schedules
101 Annexures
13
24
2
2
22
22
11
-
ULGF 041
30/04/13
GBalancer2
105
Group
Balanced
Fund II
206
8,498
2,030
251
2,281
6,217
81,105
87,322
6,208
237
1,873
(26)
Group
Capital
Guarantee
Balanced
Fund
ULGF 006
03/10/05
GCGBal1
105
13,574
172,917
29,767
3,679
33,446
139,471
532,171
671,642
123,818
4,193
30,668
664
Group
Capital
Guarantee
Balanced
Fund II
ULGF 010
21/03/07
GCGBal2
105
38
112
7
1
8
104
104
42
1
31
-
Group
Capital
Guarantee
Balanced
Fund III
ULGF 049
27/08/13
GCGBal3
105
(46)
1,802
305
38
343
1,459
4,182
5,641
1,395
459
(6)
ULGF 007
28/10/05
GCGDebt1
105
Group
Capital
Guarantee
Debt Fund
228,069
1,700,944
218,452
27,001
245,453
1,455,491
5,814,811
7,270,302
Unrealised gain/(loss)*
Total income (A)
Fund management expenses
Fund administration expenses
Other charges
Service tax #
Total expenditure (B)
Net income for the year (A-B)
Add: Fund revenue account at the beginning of the year
Fund revenue account at the end of the year
ULGF 001
03/04/03
GBalancer
105
1,232,164
38,380
188,222
14,109
F-5
Schedule
Particulars
Group
Balanced
Fund
(229)
998
171
1,526
209
1,906
(908)
(48,139)
(49,047)
(35)
915
141
1,204
166
1,511
(596)
(39,771)
(40,367)
(5,402)
73,959
14,546
1,798
16,344
57,615
431,257
488,872
76,810
1,284
1,267
ULGF 011
21/03/07
GCGDebt2
105
58
326
24
3
27
299
299
143
118
7
ULGF 048
27/08/13
GCGDebt3
105
Group
Capital
Guarantee
Debt Fund III
655
330
242
834
74
42
Group
Capital
Guarantee
Debt Fund II
Particulars
Health
Balancer
Fund
3.26 Fund Revenue Account for the year ended March 31, 2014 (Contd.)
From A-RA-(UL)
1,089
3,725
794
98
892
2,833
9,032
11,865
1,375
163
1,086
12
ULGF 008
11/12/06
GCGGrowth1
105
Group
Capital
Guarantee
Growth Fund
(217)
1,357
229
1,792
252
2,273
(916)
(48,140)
(49,056)
976
263
335
Health
Return
Guarantee
Fund III
ULIF 068
26/02/09
HRGF3
105
2,229
8,024
1,290
159
1,449
6,575
20,206
26,781
3,026
325
2,412
32
ULGF 012
05/07/07
GCGGrowth2
105
Group Capital
Guarantee
Growth
Fund II
765
121
844
117
1,082
(317)
(21,103)
(21,420)
721
15
29
Health
Return
Guarantee
Fund IV
ULIF 071
31/03/09
HRGF4
105
38
10,943
1,426
176
1,602
9,341
73,142
82,483
10,388
501
16
Group
Capital
Guarantee
Short Term
Debt Fund
ULGF 005
24/02/04
GCGSTDebt1
105
(14)
278
46
440
61
547
(269)
(11,461)
(11,730)
270
13
9
Health
Return
Guarantee
Fund V
ULIF 075
29/04/09
HRGF5
105
611
332,926
52,023
6,430
58,453
274,473
978,330
1,252,803
317,101
14,278
936
Group
Capital
Guarantee
Short Term
Debt Fund II
ULGF 009
16/03/07
GCGSTDebt2
105
(8)
141
25
267
37
329
(188)
(6,635)
(6,823)
143
8
(2)
Health
Return
Guarantee
Fund VI
ULIF 080
17/06/09
HRGF6
105
836
129
16
145
691
691
759
77
-
Group
Capital
Guarantee
Short Term
Debt Fund III
ULGF 031
01/03/12
GCGSTDebt3
105
(2)
111
19
167
24
210
(99)
(3,615)
(3,714)
107
10
(4)
Health
Return
Guarantee
Fund VII
ULIF 084
16/11/09
HRGF7
105
(163,860)
1,031,427
183,127
22,634
205,761
825,666
2,832,992
3,658,658
1,219,659
(31,482)
7,110
ULGF 002
03/04/03
GDebt
105
Group
Debt Fund
(` 000)
418,898
601,591
55,381
918,587
135,243
1,109,211
(507,620)
(2,422,308)
(2,929,928)
94,956
52,139
52,282
(16,684)
Total
(` 000)
155
156
ULGF 040 30/04/13
GDebt2
105
ULGF 042
30/04/13 GGrowth2
105
Group Growth
Fund II
57 Balance Sheet
F-5
12,452
42
(267)
(269)
11,958
2,419
299
2,718
9,240
20,448
29,688
(13,416)
91,775
22,137
2,736
24,873
66,902
572,330
639,232
110,246
8,484
(13,539)
549,730
1,330,593
100,909
12,472
113,381
1,217,212
2,449,676
3,666,888
68
655
44
5
49
606
606
(3,588)
40,927
9,531
1,178
10,709
30,218
71,877
102,095
44,805
1,547
(1,837)
1
1
1
1
Schedule
305,862
61,090
408,845
5,066
54 Revenue Account
295
264
28
Particulars
F-5
Schedule
2,295
611,871
84,209
10,408
94,617
517,254
2,339,665
2,856,919
583,227
25,536
813
6,506
81,098
10,990
1,358
12,348
68,750
197,141
265,891
57,546
1,964
14,733
349
231
67,727
9,333
1,154
10,487
57,240
75,705
132,945
64,024
3,378
94
Group Leave
Encashment Short
Term Fund
ULGF
024 26/02/10 GLEST
105
(26,661)
177,855
30,038
3,713
33,751
144,104
327,909
472,013
193,355
14,460
(3,299)
Group Superannuation
Corporate Bond Fund
ULGF 015 22/12/08
GSACorBon 105
(459)
9,646
1,230
152
1,382
8,264
21,690
29,954
7,573
2,397
135
44 Management Report
Particulars
Group Debt
Fund II
3.26 Fund Revenue Account for the year ended March 31, 2014 (Contd.)
From A-RA-(UL)
589,856
5,794,767
779,411
96,333
875,744
4,919,023
17,507,495
22,426,518
4,394,024
106,353
692,928
11,606
Total
(1,200)
23,720
4,559
563
5,122
18,598
626,850
645,448
21,303
3,675
(58)
Group Return
Guarantee Fund
29,126,386
81,956,040
1,151,223
7,898,326
9,281,692
2,516,394
20,847,635
61,108,405
161,881,090
222,989,495
19,105,976
5,953,876
26,711,145
1,058,657
Grand total
(` 000)
1
478
90
11
101
377
26,976
27,353
437
40
-
Group Return
Guarantee Fund II
(` 000)
59 Schedules
101 Annexures
Maximiser
Fund III
ULIF 022
13/03/06
LMaximis3 105
4,828
7,456
12,284
Maximiser
Fund II
ULIF 012
17/05/04
LMaximis2 105
40,945
64,316
25,542
130,803
ULIF 037
27/08/07
LMaximis4 105
3,301
4,039
270
7,610
Maximiser
Fund IV
ULIF 114
15/03/11
LMaximis5 105
139,801
189,915
2
329,718
Maximiser
Fund V
* Surrender & switch charges as not available at fund level have been shown under Schedule F-1 Policyholders contribution
Particulars
Particulars
ULIF 090
24/11/09
LMoneyMkt 105
112,052
131,912
2,839
246,803
Money Market
Fund
Flexi Balanced
Flexi Growth
Flexi Growth
Flexi Growth
Flexi Growth
Fund IV
Fund
Fund II
Fund III
Fund IV
ULIF 040
ULIF 026
ULIF 027
ULIF 028
ULIF 038
27/08/07
20/03/07
20/03/07
20/03/07
27/08/07
LFlexiBal4 105 LFlexiGro1 105 LFlexiGro2 105 LFlexiGro3 105 LFlexiGro4 105
Policy administration charge
1,657
11
95,520
3,964
91,385
Surrender charge *
Switching charge *
Mortality charge
1,994
55,972
90,161
5,101
75,115
Rider premium charge
75
12,130
54,992
4,109
Partial withdrawal charge
Total
3,726
68,113
240,673
9,065
170,609
* Surrender & switch charges as not available at fund level have been shown under Schedule F-1 Policyholders contribution
Particulars
Anmol Nivesh
Balancer
Balancer
Balancer
Balancer Fund
Fund
Fund II
Fund III
Fund IV
ULIF 072
ULIF 002
ULIF 014
ULIF 023
ULIF 039
28/04/09
22/10/01
17/05/04
13/03/06
27/08/07
LAnmolNiv 105 LBalancer1 105 LBalancer2 105 LBalancer3 105 LBalancer4 105
Policy administration charge
135
30
13,675
642
5,425
Surrender charge *
Switching charge *
Mortality charge
32
41,199
23,171
1,356
6,331
Rider premium charge
8,993
10,592
111
Partial withdrawal charge
Total
167
50,222
47,438
1,998
11,867
* Surrender & switch charges as not available at fund level have been shown under Schedule F-1 Policyholders contribution
SCHEDULE: F - 5
ULIF 008
11/08/03
LCashPlus 105
7,930
20,649
28,579
ULIF 088
24/11/09
LMCapBal 105
39,974
40,250
2,543
82,767
Multi Cap
Balanced Fund
ULIF 085
24/11/09
LMCapGro 105
273,778
169,852
19,672
463,302
Multi Cap
Growth Fund
ULIF 087
24/11/09
LBluChip 105
40,309
32,293
1,948
74,550
Bluechip Fund
ULIF 042
22/11/07
LMultip1 105
2
22,075
4,324
26,401
Multiplier
Fund
Invest Shield
Cash Fund
ULIF 020
03/01/05
LInvCash 105
39,074
51,534
151
90,759
Discontinued
Fund - Life
ULIF 100
01/07/10
LDiscont 105
17
(7)
10
ULIF 044
25/02/08
LMultip2 105
15,698
16,492
11,033
43,223
Multiplier
Fund II
Invest Shield
Fund - Life
ULIF 018
03/01/05
LInvShld 105
14,622
11,673
1,666
27,961
Dynamic P/E
Fund
ULIF 097
11/01/10
LDynmicPE 105
265,588
216,229
15,657
497,474
ULIF 046
25/02/08
LMultip3 105
505
558
1,063
Multiplier
Fund III
Life Growth
Fund
ULIF 134
19/09/13 LGF
105
1,635
1,845
3,480
Flexi Balanced
Fund
ULIF 031
20/03/07
LFlexiBal1 105
(1)
3,676
751
4,426
ULIF 047
25/02/08
LMultip4 105
6,174
8,957
444
15,575
Multiplier
Fund IV
Life Secure
Fund
ULIF 135
19/09/13 LSF
105
1,374
1,828
3,202
Flexi Balanced
Fund II
ULIF 032
20/03/07
LFlexiBal2 105
5,006
5,779
3,811
14,596
New Invest
Shield Balanced
Fund
ULIF 025
21/08/06
LInvShldNw 105
22,405
16,193
38,598
(` 000)
Maximiser
Fund
ULIF 001
22/10/01
LMaximis1 105
192
131,228
32,335
163,755
(` 000)
Flexi Balanced
Fund III
ULIF 033
20/03/07
LFlexiBal3 105
139
360
499
(` 000)
157
158
44 Management Report
ULIF 086
24/11/09
LOpport 105
64,160
42,284
4,197
110,641
ULIF 081
26/10/09
LPinnacle 105
11,124
41,058
52,182
Pinnacle Fund
ULIF 105
26/10/10
LPinnacle2 105
48,458
60,657
1
109,116
Pinnacle
Fund II
ULIF 010
17/05/04
LPreserv1 105
5,885
22,074
6,394
34,353
Preserver Fund
54 Revenue Account
1,602
2,427
801
4,830
Return
Guarantee
Fund IV
ULIF 069
31/03/09
LRGF(T4) 105
664
1,433
327
2,424
ULIF 107
22/12/10
LRGF(S2) 105
408
362
2
772
Return Guarantee
Fund IX (10 Yrs)
57 Balance Sheet
269
207
23
499
9,253
6,678
64
15,995
RICH Fund
* Surrender & switch charges as not available at fund level have been shown under Schedule F-1 Policyholders contribution
Particulars
Return Guarantee
Fund XI (5 Yrs)
Return Guarantee
Fund XI (10 Yrs)
101,241
74,877
57,879
233,997
1,807
1,753
3,560
RICH Fund IV
35,330
37,010
1,694
74,034
ULIF 078
17/06/09
LRGF(T6) 105
261
405
174
840
382
481
204
1,067
RICH Fund II
ULIF 106
22/12/10
LRGF(T9) 105
4,321
2,815
7,136
Return Guarantee
Fund VI
ULIF 016
17/05/04
LProtect2 105
15,114
29,660
11,274
56,048
Protector
Fund II
Return
Guarantee
Fund VII
ULIF 082
16/11/09
LRGF(T7) 105
140
128
79
347
ULIF 003
22/10/01
LProtect1 105
(17)
37,044
6,856
43,883
Protector Fund
ULIF 036
27/08/07
LPreserv4 105
2,865
4,129
162
7,156
Preserver
Fund IV
Return Guarantee
Fund V
ULIF 021
13/03/06
LPreserv3 105
361
859
1,220
Preserver
Fund III
Return Guarantee
Fund IX (5 Yrs)
* Surrender & switch charges as not available at fund level have been shown under Schedule F-1 Policyholders contribution
Particulars
Return Guarantee
Fund III
* Surrender & switch charges as not available at fund level have been shown under Schedule F-1 Policyholders contribution
Particulars
Opportunities
Fund
Other Expenses for the year ended March 31, 2014 (Contd.)
SCHEDULE: F - 5
ULIF 007
11/08/03
LSecPlus 105
1,516
2,247
3,763
ULIF 104
12/10/10
LRGF(S1) 105
496
645
3
1,144
Return Guarantee
Fund VIII (10 Yrs)
ULIF 024
13/03/06
LProtect3 105
848
1,688
2,536
Protector
Fund III
ULIF 077
29/05/09
LSSavBuil 105
941
941
Secure Save
Builder Fund
Return
Guarantee Fund
VIII (5 Yrs)
ULIF 103
12/10/10
LRGF(T8) 105
1,718
1,852
1
3,571
ULIF 041
27/08/07
LProtect4 105
36,670
39,645
1,555
77,870
Protector
Fund IV
Secure Save
Guarantee
Fund
ULIF 076
29/05/09
LSSavGtee 105
3,696
3,696
Return
Guarantee Fund
X (10 Yrs)
ULIF 112
13/01/11
LRGF(S3) 105
1,735
2,236
10
3,981
Return
Guarantee
Fund
ULIF 054
18/12/08
LRGF1 105
871
3,217
328
4,416
2,335,004
2,919,058
319,617
5,573,679
Total
(` 000)
Return
Guarantee Fund
X (5 Yrs)
ULIF 111
13/01/11
LRGF(T10) 105
12,038
10,967
6
23,011
(` 000)
Return
Guarantee
Fund II
ULIF 063
27/01/09
LRGF(T2) 105
1,327
2,724
662
4,713
(` 000)
59 Schedules
ULIF 101
01/07/10
PDiscont 105
-
Easy
Retirement
Balanced Fund
ULIF 132
02/11/12
ERBF 105
1,205
1,205
Easy
Retirement
Secure Fund
ULIF 133
02/11/12
ERSF 105
443
443
ULIF 019
03/01/05
PInvShld 105
1,942
521
82
2,545
Invest Shield
Fund - Pension
ULIF 095
11/01/10
PIncome 105
343,975
2,977
346,952
ULIF 127
01/12/11
PGROWTH 105
7,222
1,400
8,622
ULIF 004
03/05/02
PMaximis1 105
8,533
1,628
837
10,998
Pension
Maximiser Fund
ULIF 013
17/05/04
PMaximis2 105
34,988
4,621
1,299
40,908
Pension
Maximiser Fund II
101 Annexures
Pension Return
Guarantee Fund
ULIF 064 27/01/09
PRGF2 105
4,990
115
17
5,122
Pension Return
Guarantee Fund IV
Pension
Opportunities
Fund
ULIF 092
11/01/10 POpport
105
194,431
865
195,296
(` 000)
ULIF 011
17/05/04
PPreserv 105
44,641
787
149
45,577
Pension
Preserver Fund
(` 000)
ULIF 030
20/03/07
PFlexiGro2 105
64,997
11,825
1,821
78,643
Pension Flexi
Growth Fund II
(` 000)
Pension Return
Guarantee Fund VII
ULIF 029
20/03/07
PFlexiGro1 105
214,595
138
70
214,803
Pension Flexi
Growth Fund
Pension Return
Guarantee Fund VI
ULIF 045
25/02/08
PMultip2 105
8,598
1,870
287
10,755
Pension
Multiplier Fund II
Pension Flexi
Balanced
Fund II
ULIF 035
20/03/07
PFlexiBal2 105
2,594
530
91
3,215
Pension Return
Guarantee Fund V
ULIF 043
25/02/08
PMultip1 105
49,604
16
7
49,627
Pension
Multiplier Fund
ULIF 034
20/03/07
PFlexiBal1 105
9,278
20
7
9,305
Pension Flexi
Balanced Fund
Pension Return
Guarantee Fund IX
(10 Yrs)
ULIF 108 22/12/10
PRGF(S2) 105
48
3
51
Pension Multi
Cap Growth
Fund
ULIF 091
11/01/10
PMCapGro 105
474,041
5,201
479,242
Pension
Dynamic P/E
Fund
ULIF 098
11/01/10
PDynmicPE 105
552,534
2,545
555,079
70,340
211
70,551
Pension Return
Guarantee Fund III
ULIF 096
11/01/10
PMoneyMkt 105
122,877
405
123,282
Pension Return
Guarantee Fund II
* Surrender & switch charges as not available at fund level have been shown under Schedule F-1 Policyholders contribution
Pension Protector
Fund
Particulars
Pension Protector
Fund II
* Surrender & switch charges as not available at fund level have been shown under Schedule F-1 Policyholders contribution
Particulars
Pension Income
Fund
Pension
Growth Fund
ULIF 093
11/01/10
PBluChip 105
68,544
317
68,861
ULIF 015
17/05/04
PBalancer2 105
13,870
1,701
388
15,959
Pension
Bluechip Fund
Pension Money
Market Fund
ULIF 005
03/05/02
PBalancer1 105
28,764
987
450
30,201
Pension
Balancer Fund
* Surrender & switch charges as not available at fund level have been shown under Schedule F-1 Policyholders contribution
Particulars
Discontinued
Fund - Pension
Other Expenses for the year ended March 31, 2014 (Contd.)
SCHEDULE: F - 5
159
160
44 Management Report
Pension Return
Guarantee Fund X
(10 Yrs)
ULIF 113 13/01/11
PRGF(S3) 105
182
1
183
Pension Return
Guarantee Fund XI
(10 Yrs)
ULIF 122 19/04/11
PRGF(S4) 105
54 Revenue Account
ULIF 060
15/01/09
HFlexiBal
105
6,712
52,716
59,428
ULIF 059
15/01/09
HBalancer
105
4,484
35,472
39,956
ULIF 057
15/01/09
HFlexiGro
105
68,647
495,780
564,427
Health Flexi
Growth Fund
ULIF 058
15/01/09
HMultip
105
7,477
54,339
61,816
Health
Multiplier
Fund
57 Balance Sheet
ULGF 001
03/04/03
GBalancer
105
-
ULGF 041
30/04/13
GBalancer2
105
Group Balanced
Fund II
Group Capital
Guarantee
Balanced Fund
ULGF 006
03/10/05
GCGBal1
105
-
Group Capital
Guarantee
Balanced Fund II
ULGF 010
21/03/07
GCGBal2
105
-
ULIF 056
15/01/09
HPreserv
105
777
6,275
7,052
* Surrender & switch charges as not available at fund level have been shown under Schedule F-1 Policyholders contribution
Particulars
Group Balanced
Fund
38
38
Pension
RICH Fund
ULIF 061
15/01/09
HProtect
105
20,274
159,394
179,668
Health
Protector
Fund
Group Capital
Guarantee Debt
Fund III
ULGF 048
27/08/13
GCGDebt3
105
Health
Return
Guarantee
Fund IV
ULIF 071
31/03/09
HRGF4
105
136
708
844
Group Capital
Guarantee
Growth Fund
ULGF 008
11/12/06
GCGGrowth1
105
-
(` 000)
109,339
809,248
918,587
Total
(` 000)
2,727,635
53,840
7,951
2,789,426
Total
(` 000)
Group Capital
Guarantee Short
Term Debt Fund
ULGF 005
24/02/04
GCGSTDebt1
105
-
Health
Return
Guarantee
Fund VII
ULIF 084
16/11/09
HRGF7
105
27
140
167
Group Capital
Guarantee
Growth Fund II
ULGF 012
05/07/07
GCGGrowth2
105
Health
Return
Guarantee
Fund VI
ULIF 080
17/06/09
HRGF6
105
54
213
267
Health
Return
Guarantee
Fund V
ULIF 075
29/04/09
HRGF5
105
93
347
440
Health
Return
Guarantee
Fund III
ULIF 068
26/02/09
HRGF3
105
225
1,567
1,792
Group Capital
Guarantee Debt
Fund II
ULGF 011
21/03/07
GCGDebt2
105
Health
Preserver
Fund
* Surrender & switch charges as not available at fund level have been shown under Schedule F-1 Policyholders contribution
Particulars
Health Flexi
Balanced
Fund
Health
Balancer Fund
* Surrender & switch charges as not available at fund level have been shown under Schedule F-1 Policyholders contribution
Pension Return
Guarantee Fund VIII
Particulars
Other Expenses for the year ended March 31, 2014 (Contd.)
SCHEDULE: F - 5
59 Schedules
Group Debt
Fund II
ULGF 002
03/04/03 GDebt
105
ULGF 023
16/06/09 GRGF3
105
-
ULGF 026
14/03/11 GRGFS5
105
-
Group Return
Guarantee Fund
- S5
ULGF 028
01/07/11 GRGFS7
105
-
Group Return
Guarantee Fund
- S7
Group Return
Guarantee Fund III
* Surrender & switch charges as not available at fund level have been shown under Schedule F-1 Policyholders contribution
Particulars
Group Capital
Guarantee Short
Term Debt Fund III
Group Capital
Guarantee Short
Term Debt Fund II
* Surrender & switch charges as not available at fund level have been shown under Schedule F-1 Policyholders contribution
Particulars
Other Expenses for the year ended March 31, 2014 (Contd.)
SCHEDULE: F - 5
ULGF 003
03/04/03 GSTDebt
105
-
Total
Group
Superannuation
Corporate Bond
Fund
ULGF 015 22/12/08
GSACorBon
105
-
Group Leave
Encashment Short Term
Fund
ULGF 024 26/02/10
GLEST 105
-
5,171,978
3,782,146
327,568
9,281,692
Grand Total
(` 000)
(` 000)
101 Annexures
161
162
44 Management Report
Schedule
Balancer
Fund
ULIF 002
22/10/01
LBalancer1
105
Balancer
Fund II
ULIF 014
17/05/04
LBalancer2
105
Balancer
Fund III
ULIF 023
13/03/06
LBalancer3
105
Balancer
Fund IV
ULIF 039
27/08/07
LBalancer4
105
54 Revenue Account
438,214
118,713
1,494
22,477
557,809
59,984
96,634
21,390
178,008
379,801
435,141
103,011
(2,820)
653,849
493,851
1,128,814
172,418
240,272
56,182
468,872
659,942
529,465
122,856
207,496
17,092
Invest Shield
Cash Fund
ULIF 020
03/01/05
LInvCash
105
279,103
31,312
152,204
31,502
12,835
5,463
49,800
102,404
23,776
192,461
401,915
16,811
Flexi Growth
Fund IV
ULIF 038
27/08/07
LFlexiGro4
105
274,048
526,921
1,271,255
194,342
332,249
69,847
596,438
674,817
25,702
76,568
18,622
Flexi Growth
Fund III
ULIF 028
20/03/07
LFlexiGro3
105
61,580
171,823
2,664,626
565,680
101,619
89,557
756,856
1,907,770
(552)
24,265
2,407
4,463
1,027
7,897
16,368
16,854
224,358
434,624
68,498
Flexi Growth
Fund II
ULIF 027
20/03/07
LFlexiGro2
105
175,581
9,463
456,344
1,322,424
704,572
9,183
2,295
12,545
794
Flexi Growth
Fund
ULIF 026
20/03/07
LFlexiGro1
105
681,785
(110,472)
(842)
177,905
10,168
1,257
11,425
166,480
9,101
11,178
569,599
67,036
229,315
55,725
352,076
217,523
F-5
Schedule
Flexi Balanced
Fund IV
ULIF 040
27/08/07
LFlexiBal4
105
13,243
302,414
32,396
34,121
9,785
76,302
226,112
455,673
50,941
58,016
17,682
58,521
11,515
87,718
(29,702)
(80,770)
153,622
24,948
177
Discontinued
Fund - Life
ULIF 100
01/07/10
LDiscont
105
520,053
1,396,962
286,768
914,267
235,680
1,436,715
(39,753)
Particulars
235,599
51,241
2,331
1,281
18,740
(18,362)
5,416
Particulars
Anmol
Nivesh Fund
ULIF 072
28/04/09
LAnmolNiv
105
3.26 Fund Revenue Account for the year Ended March 31, 2013
Form A-RA(UL)
57 Balance Sheet
498,665
308,084
11,156
255,777
27,429
29,871
7,896
65,196
190,581
146,670
9,358
87,430
1,163
Invest Shield
Fund - Life
ULIF 018
03/01/05
LInvShld
105
(749,638)
1,123,043
1,213,224
200,208
517,421
102,856
820,485
392,739
(1,142,377)
86,421
209,318
(205,832)
274
Dynamic P/E
Fund
ULIF 097
11/01/10
LDynmicPE
105
39,344,071
37,233,495
(1,561,318)
3,589,906
486,217
607,771
211,458
173,884
1,479,330
2,110,576
193,488
644,091
3,119,216
1,194,429
Maximiser
Fund
ULIF 001
22/10/01
LMaximis1
105
370,889
(13,366)
128,033
28,830
5,788
4,728
39,346
88,687
282,202
50,996
12,954
72,825
4,624
Flexi Balanced
Fund
ULIF 031
20/03/07
LFlexiBal1
105
10,080,225
9,589,000
(205,136)
867,602
169,236
164,493
42,648
376,377
491,225
41,650
147,976
682,752
200,360
Maximiser
Fund II
ULIF 012
17/05/04
LMaximis2
105
127,086
(6,284)
82,581
8,295
18,511
3,834
30,640
51,941
75,145
32,543
8,140
46,223
1,959
Flexi Balanced
Fund II
ULIF 032
20/03/07
LFlexiBal2
105
1,883,348
1,783,961
(114,253)
177,234
52,610
16,680
8,557
77,847
99,387
8,953
30,959
236,057
15,518
Maximiser
Fund III
ULIF 022
13/03/06
LMaximis3
105
(` 000)
27,914
(846)
6,895
1,602
614
274
2,490
4,405
23,509
2,723
740
3,858
420
Flexi Balanced
Fund III
ULIF 033
20/03/07
LFlexiBal3
105
(` 000)
59 Schedules
F-5
Schedule
162,749
201,131
(28,981)
63,934
10,806
11,834
2,912
25,552
38,382
2,687
9,561
73,228
7,439
ULIF 037
27/08/07
LMaximis4
105
15,431
(47,040)
(15,758)
51,210
16,258
77,448
19,975
113,681
(62,471)
2,592
14,178
48,895
1,303
ULIF 114
15/03/11
LMaximis5
105
Maximiser
Fund V
62,503
142,408
561
188,771
14,537
76,744
17,585
108,866
79,905
174,906
13,209
95
ULIF 090
24/11/09
LMoneyMkt
105
Money
Market Fund
(24,800)
27,777
24,708
124,579
16,649
45,202
10,151
72,002
52,577
49,189
10,976
41,013
(1,307)
Multi Cap
Balanced
Fund
ULIF 088
24/11/09
LMCapBal
105
(587,664)
(439,731)
496,158
768,849
137,125
401,821
81,970
620,916
147,933
43,151
166,417
5,967
57,156
ULIF 085
24/11/09
LMCapGro
105
Multi Cap
Growth Fund
101 Annexures
F-5
Schedule
346,622
15,598
976
1,091
364,287
27,689
25,329
8,055
61,073
303,214
1,050,244
1,353,458
130,605
249,291
44,025
3,261
107,497
25,369
180,152
69,139
(282,899)
(213,760)
ULIF 010
17/05/04
LPreserv1
105
92,812
30,271
(11,817)
7,420
ULIF 105
26/10/10
LPinnacle2
105
Preserver
Fund
58
20,832
1,599
988
359
2,946
17,886
54,770
72,656
19,370
1,399
5
ULIF 021
13/03/06
LPreserv3
105
Preserver
Fund III
15
21,562
1,673
3,601
774
6,048
15,514
13,051
28,565
19,820
1,737
(10)
ULIF 036
27/08/07
LPreserv4
105
Preserver
Fund IV
36,636
1,034,579
22,040
110,200
43,846
23,675
199,761
834,818
3,263,170
4,097,988
797,512
185,485
14,946
ULIF 003
22/10/01
LProtect1
105
Protector
Fund
Particulars
Pinnacle
Fund II
Particulars
Maximiser
Fund IV
3.26 Fund Revenue Account for the year Ended March 31, 2013
Form A-RA(UL)
190,844
301,543
126,543
214,906
34,466
57,214
12,527
104,207
110,699
41,668
20,582
26,113
ULIF 044
25/02/08
LMultip2
105
Multiplier
Fund II
6,934
445,312
27,529
54,024
11,583
93,136
352,176
1,286,341
1,638,517
326,968
103,250
8,160
ULIF 016
17/05/04
LProtect2
105
Protector
Fund II
1,766
55,788
7,112
2,942
1,247
11,301
44,487
174,732
219,219
41,803
12,015
204
ULIF 024
13/03/06
LProtect3
105
Protector
Fund III
3,572,041
4,404,780
299,628
1,206,024
284,795
44,222
44,268
373,285
832,739
10
240,035
380,781
285,570
ULIF 042
22/11/07
LMultip1
105
Multiplier
Fund
13,200
442,088
28,665
92,017
17,662
138,344
303,744
228,954
532,698
344,995
77,722
6,171
ULIF 041
27/08/07
LProtect4
105
Protector
Fund IV
44,470
55,275
5,298
17,377
4,268
1,583
721
6,572
10,805
3,535
3,120
5,424
ULIF 046
25/02/08
LMultip3
105
Multiplier
Fund III
4,371
51,490
7,772
7,081
1,942
16,795
34,695
76,097
110,792
45,655
80
1,384
Return
Guarantee
Fund
ULIF 054
18/12/08
LRGF1
105
108,054
166,664
59,333
101,733
16,185
21,831
5,107
43,123
58,610
19,088
7,590
15,722
ULIF 047
25/02/08
LMultip4
105
Multiplier
Fund IV
104
55,258
8,290
9,763
2,330
20,383
34,875
68,851
103,726
51,335
(159)
3,978
Return
Guarantee
Fund II
ULIF 063
27/01/09
LRGF(T2)
105
330,541
542,981
25,520
299,087
34,461
41,868
10,318
86,647
212,440
157,646
17,748
99,332
(1,159)
New Invest
Shield Balanced
Fund
ULIF 025
21/08/06
LInvShldNw
105
318
53,323
7,996
7,108
1,985
17,089
36,234
65,118
101,352
47,887
478
4,640
Return
Guarantee
Fund III
ULIF 066
26/02/09
LRGF(T3)
105
(193,049)
(138,750)
202,695
217,943
35,779
106,392
21,473
163,644
54,299
14,055
38,188
(36,868)
(127)
ULIF 086
24/11/09
LOpport
105
Opportunities
Fund
4,503
20,276
3,060
3,022
804
6,886
13,390
21,411
34,801
17,959
466
(2,652)
Return
Guarantee
Fund IV
ULIF 069
31/03/09
LRGF(T4)
105
(` 000)
(898,827)
(403,116)
498,234
1,018,853
145,136
10,751
306,048
61,207
523,142
495,711
370,739
91,867
52,302
5,711
ULIF 081
26/10/09
LPinnacle
105
Pinnacle Fund
(` 000)
163
164
44 Management Report
Schedule
8,459
80
(494)
1,743
9,788
1,480
1,189
373
3,042
6,746
5,889
12,635
1,425
9,498
1,419
1,555
413
3,387
6,111
2,313
8,424
ULIF 078
17/06/09
LRGF(T6) 105
8,027
308
(262)
ULIF 073
29/04/09
LRGF(T5) 105
Return
Guarantee
Fund VI
907
4,321
628
565
169
1,362
2,959
821
3,780
22,809
110,669
15,491
5,591
2,712
23,794
86,875
62,922
149,797
84,502
1,940
1,418
ULIF 103
12/10/10
LRGF(T8) 105
ULIF 082
16/11/09
LRGF(T7) 105
3,566
58
(210)
Return
Guarantee Fund
VIII
(5 Yrs)
Return
Guarantee
Fund VII
54 Revenue Account
57 Balance Sheet
F-5
Schedule
12,746
181,542
(417,919)
72,352
626,348
475,069
231,675
43,283
37,941
312,899
162,170
1,219,647
1,381,817
2,121
72
19
847
3,059
152
875
377
1,404
1,655
(200)
1,455
RICH Fund
617,373
486,865
152,081
317,487
64,197
533,765
(46,900)
(121,782)
(168,682)
24,942
169,659
(332,515)
7,406
RICH
Fund II
38,887
26,922
14,343
5,410
2,435
22,188
4,734
187,143
191,877
1
11,237
(31,223)
8,020
RICH
Fund III
Particulars
Return Guarantee
Fund XI
(10 Yrs)
ULIF 121 19/04/11
LRGF(S4)
105
115,721
1,222
(2,112)
247,632
208,497
66,655
98,802
22,712
188,169
20,328
(29,954)
(9,626)
3,443
44,322
5,443
4,212
1,483
11,138
33,184
74,926
108,110
31,799
1,112
7,994
(26)
1,541
3,125
433
1,069
179
1,681
1,444
(2,061)
(617)
790
372
422
-
Secure Save
Guarantee Fund
11,032
60,498
7,248
4,410
1,452
13,110
47,388
21,081
68,469
41,168
8,293
5
Return
Guarantee
Fund X
(10 Yrs)
ULIF 112
13/01/11
LRGF(S3)
105
3,234
13,589
2,535
4,273
822
7,630
5,959
(6,359)
(400)
7,329
794
2,232
-
58,608
300,893
41,699
26,224
8,428
76,351
224,542
161,948
386,490
234,117
7,860
308
ULIF 111
13/01/11
LRGF(T10) 105
Return
Guarantee
Fund X
(5 Yrs)
Secure Save
Builder Fund
3,921
17,886
2,343
939
163
3,445
14,441
8,052
22,493
12,264
1,690
11
Return
Guarantee
Fund IX
(10 Yrs)
ULIF 107
22/12/10
LRGF(S2)
105
Secure
Plus Fund
32,113
146,944
20,440
9,329
3,660
33,429
113,515
82,888
196,403
8,997
73,229
(129,119)
7,758
RICH
Fund IV
6,066
34,656
4,312
1,624
758
6,694
27,962
18,419
46,381
24,936
2,430
1,224
Particulars
Return Guarantee
Fund V
3.26 Fund Revenue Account for the year Ended March 31, 2013
Form A-RA(UL)
4,504,296
25,668,070
4,125,461
893,469
5,219,034
1,504,349
11,742,313
13,925,757
82,926,851
96,852,608
7,157,027
3,321,568
7,787,402
2,897,777
Total
(` 000)
29,815
146,144
20,130
21,919
5,350
47,399
98,745
53,007
151,752
114,869
681
779
ULIF 120
17/03/11
LRGF(T11) 105
Return
Guarantee
Fund XI
(5 Yrs)
(` 000)
59 Schedules
F-5
Schedule
1,065
47,763
5,516
2,735
1,140
9,391
38,372
93,028
131,400
26,240
1,904
18,143
411
117,945
573,138
69,147
86,434
39,610
25,079
220,270
352,868
2,061,203
2,414,071
393,243
41,228
(7,087)
27,809
Pension
Balancer
Fund
ULIF 005
03/05/02
PBalancer1
105
133,840
648,101
78,650
32,012
15,139
125,801
522,300
3,028,072
3,550,372
434,590
47,700
(6,189)
38,160
Pension
Balancer
Fund II
ULIF 015
17/05/04
PBalancer2
105
101,782
91,093
29,190
115,396
18,065
162,651
(71,558)
(259,167)
(330,725)
1,867
32,866
(55,424)
10,002
Pension
Bluechip
Fund
ULIF 093
11/01/10
PBluChip
105
1,378,586
1,410,982
227,028
885,007
138,288
1,250,323
160,659
(1,792,030)
(1,631,371)
103,905
235,954
(322,024)
14,561
Pension
Dynamic P/E
Fund
ULIF 098
11/01/10
PDynmicPE
105
101 Annexures
F-5
Schedule
210,297
14,123
294
552
225,266
17,312
107,732
15,953
140,997
84,269
(17,920)
66,349
73,408
268,189
1,291,917
441,905
(373,898)
1,701,521
293,816
58,833
44,967
397,616
1,303,905
11,116,438
12,420,343
ULIF 013
17/05/04
PMaximis2
105
Pension
Money
Market
Fund
ULIF 096
11/01/10
PMoneyMkt
105
42,943
218,172
29,258
105,239
16,709
151,206
66,966
(170,463)
(103,497)
75,237
19,923
83,880
(3,811)
Pension
Multi Cap
Balanced
Fund
ULIF 094
11/01/10
PMCapBal
105
1,005,451
1,176,614
198,420
769,474
120,800
1,088,694
87,920
(1,033,159)
(945,239)
38,923
253,689
(140,591)
19,142
Pension
Multi Cap
Growth
Fund
ULIF 091
11/01/10
PMCapGro
105
305,664
233,693
143,990
74,856
27,016
245,862
(12,169)
358,646
346,477
2,176
111,138
(257,107)
71,822
ULIF 043
25/02/08
PMultip1
105
Pension
Multiplier
Fund
Particulars
Pension
Maximiser
Fund II
33,032
143,734
14,854
7,774
3,064
25,692
118,042
308,547
426,589
60,386
13,691
36,515
110
113,658
104,400
53,676
26,267
10,127
90,070
14,330
403,935
418,265
357
61,802
(156,791)
85,374
ULIF 045
25/02/08
PMultip2
105
Pension
Multiplier
Fund II
442,267
589,411
84,454
334,747
52,355
471,556
117,855
(743,370)
(625,515)
23,515
88,923
37,433
(2,727)
ULIF 092
11/01/10
POpport
105
Pension
Opportunities
Fund
32,404
120,835
27,862
12,546
5,004
45,412
75,423
51,093
126,516
48,237
10,840
29,136
218
Particulars
Invest Shield
Fund Pension
ULIF 019
03/01/05
PInvShld
105
3.26 Fund Revenue Account for the year Ended March 31, 2013
Form A-RA(UL)
1,675
533,976
40,799
36,576
10,573
87,948
446,028
672,791
1,118,819
508,920
21,815
1,566
ULIF 011
17/05/04
PPreserv
105
Pension
Preserver
Fund
979,187
2,580,814
586,661
320,282
111,927
1,018,870
1,561,944
2,438,361
4,000,305
31,152
450,363
859,296
260,816
ULIF 029
20/03/07
PFlexiGro1
105
Pension Flexi
Growth Fund
83,451
1,882,838
41,695
208,471
166,310
52,095
468,571
1,414,267
2,368,619
3,782,886
1,481,380
291,409
26,598
ULIF 006
03/05/02
PProtect1
105
Pension
Protector
Fund
149,974
2,473,329
385,392
153,560
68,029
606,981
1,866,348
7,822,799
9,689,147
2,922
464,256
1,176,371
679,806
ULIF 030
20/03/07
PFlexiGro2
105
Pension Flexi
Growth Fund II
35,285
862,050
55,519
29,573
12,069
97,161
764,889
1,501,357
2,266,246
659,388
160,063
7,314
ULIF 017
17/05/04
PProtect2
105
Pension
Protector
Fund II
(6,239)
(5,866)
229
828
935
1,992
(7,858)
(7,858)
25
258
90
-
ULIF 127
01/12/11
PGROWTH
105
Pension
Growth Fund
17,867
167,698
25,314
14,236
4,818
44,368
123,330
348,746
472,076
145,535
(1,035)
5,331
Pension
Return
Guarantee
Fund
ULIF 055
18/12/08
PRGF1
105
32,194
905,240
104,389
394,539
61,751
560,679
344,561
(178,093)
166,468
689,681
158,061
25,304
ULIF 095
11/01/10
PIncome
105
Pension
Income Fund
(8,389)
153,069
23,440
8,671
3,991
36,102
116,967
350,680
467,647
148,770
2,645
10,043
Pension
Return
Guarantee
Fund II
ULIF 064
27/01/09
PRGF2
105
(` 000)
9,919
553,815
59,560
74,450
16,024
19,767
169,801
384,014
3,531,361
3,915,375
21,579
77,650
408,027
36,640
Pension
Maximiser
Fund
ULIF 004
03/05/02
PMaximis1
105
(` 000)
165
166
44 Management Report
Schedule
130,343
1,288
19,366
(5,103)
145,894
21,911
9,534
3,926
35,371
110,523
310,642
421,165
45,152
505
(799)
8,196
53,054
7,904
4,242
1,521
13,667
39,387
88,953
128,340
ULIF 070
31/03/09
PRGF4
105
ULIF 067
26/02/09
PRGF3
105
32,912
56
(394)
7,353
39,927
5,865
3,723
1,200
10,788
29,139
41,321
70,460
59,598
308
(414)
15,478
74,970
10,751
12,436
2,879
26,066
48,904
27,641
76,545
ULIF 083
16/11/09
PRGF7
105
ULIF 079
17/06/09
PRGF6
105
ULIF 074
29/04/09
PRGF5
105
22,986
723
(569)
5,223
28,363
4,202
2,786
882
7,870
20,493
31,808
52,301
Pension
Return
Guarantee
Fund VII
Pension
Return
Guarantee
Fund VI
Pension
Return
Guarantee
Fund V
13,072
460
287
4,604
18,423
2,247
222
306
2,775
15,648
10,586
26,234
54 Revenue Account
57 Balance Sheet
F-5
Schedule
7,101
803
4,682
9
1,959
14,554
1,318
33,574
5,371
40,263
(25,709)
(53,499)
(79,208)
ULIF 059
15/01/09
HBalancer
105
6,171
1,199
2,420
5
4,171
13,966
1,463
48,219
8,321
58,003
(44,037)
(59,061)
(103,098)
ULIF 060
15/01/09
HFlexiBal
105
Health Flexi
Balanced
Fund
9,654
28,800
332
(291)
112,437
150,932
29,397
532,561
83,092
645,050
(494,118)
(1,006,363)
(1,500,481)
ULIF 057
15/01/09
HFlexiGro
105
Health Flexi
Growth
Fund
215
3,730
(5,900)
1,529
14,984
14,558
3,690
60,110
9,011
72,811
(58,253)
(120,940)
(179,193)
ULIF 058
15/01/09
HMultip
105
Health
Multiplier
Fund
2,195
239
2
7
2,443
187
4,767
683
5,637
(3,194)
(8,273)
(11,467)
ULIF 056
15/01/09
HPreserv
105
Health
Preserver
Fund
53,370
16,134
629
1,672
71,805
4,515
153,046
23,304
180,865
(109,060)
(260,937)
(369,997)
ULIF 061
15/01/09
HProtect
105
Health
Protector
Fund
Particulars
Health
Balancer
Fund
1,305
57
(1)
133
1,494
231
1,769
251
2,251
(757)
(39,014)
(39,771)
ULIF 062
15/01/09
HRGF1
105
Health Return
Guarantee
Fund
4,126
412
3
1,353
5,894
708
76
97
881
5,013
3,051
8,064
Particulars
Pension
Return
Guarantee
Fund IV
Pension
Return
Guarantee
Fund III
3.26 Fund Revenue Account for the year Ended March 31, 2013
Form A-RA(UL)
1,732
17
(38)
(41)
1,670
257
2,320
325
2,902
(1,232)
(46,907)
(48,139)
ULIF 065
29/01/09
HRGF2
105
Health Return
Guarantee
Fund II
9,391
1,179
27
3,096
13,693
1,636
303
240
2,179
11,514
6,142
17,656
Pension
Return
Guarantee
Fund X
(10 Yrs)
ULIF 113
13/01/11
PRGF(S3)
105
1,868
72
224
(234)
1,930
300
2,685
376
3,361
(1,431)
(46,709)
(48,140)
ULIF 068
26/02/09
HRGF3
105
Health Return
Guarantee
Fund III
1,177
197
95
262
1,731
204
71
34
309
1,422
669
2,091
Pension
Return
Guarantee
Fund XI
(10 Yrs)
ULIF 122
19/04/11
PRGF(S4)
105
823
42
271
(183)
953
149
1,132
162
1,443
(490)
(20,613)
(21,103)
ULIF 071
31/03/09
HRGF4
105
Health Return
Guarantee
Fund IV
80,973
332,939
89,462
15,958
1,563,725
2,083,057
496,346
259,609
93,223
849,178
1,233,879
1,863,299
3,097,178
ULIF 052
17/03/08
PRICH1
105
Pension
RICH Fund
389
7
8
8
412
62
498
71
631
(219)
(11,242)
(11,461)
ULIF 075
29/04/09
HRGF5
105
Health
Return
Guarantee
Fund V
32,567
251,852
284,340
17,370
928,189
1,514,318
238,767
138,416
47,624
424,807
1,089,511
2,764,205
3,853,716
ULIF 053
17/03/08
PRICH2
105
Pension
RICH
Fund II
235
6
2
5
248
38
344
49
431
(183)
(6,452)
(6,635)
ULIF 080
17/06/09
HRGF6
105
Health
Return
Guarantee
Fund VI
1,159
237
(307)
1,089
214
778
844
1,836
(747)
(747)
ULIF 128
01/12/11
PSECURE
105
Pension
Secure
Fund
183
7
7
1
198
29
337
47
413
(215)
(3,400)
(3,615)
Health
Return
Guarantee
Fund VII
ULIF 084
16/11/09
HRGF7
105
12,086
475
3,333
6
1,212
17,112
2,283
730
477
3,490
13,622
41,524
55,146
ULIF 009
17/11/03
PSecPlus
105
Secure Plus
Pension
Fund
85,241
34,532
18,115
2,356
134,919
275,163
41,636
841,362
131,063
1,014,061
(738,898)
(1,683,410)
(2,422,308)
Total
(` 000)
5,627,275
2,765,640
4,025,176
1,807,624
7,163,496
21,389,211
3,389,209
369,355
4,145,753
992,914
8,897,231
12,491,980
37,451,315
49,943,295
Total
(` 000)
59 Schedules
F-5
Schedule
1,098,069
35,740
339,131
100,378
(7,927)
1,565,391
191,872
23,967
215,839
1,349,552
4,465,259
5,814,811
ULGF 001
03/04/03
GBalanced
105
7,115
244
3,185
528
90
11,162
2,251
278
2,529
8,633
72,472
81,105
ULGF 006
03/10/05
GCGBal1
105
Group Capital
Guarantee
Balanced Fund
115,966
3,743
43,591
6,009
6,190
175,499
26,983
3,335
30,318
145,181
386,990
532,171
Group Capital
Guarantee
Balanced
Fund II
ULGF 010
21/03/07
GCGBal2
105
923
633
(5)
1,551
209
26
235
1,316
2,866
4,182
ULGF 007
28/10/05
GCGDebt1
105
Group Capital
Guarantee
Debt Fund
39,830
13,314
(31)
1,364
54,477
7,091
877
7,968
46,509
384,748
431,257
ULGF 011
21/03/07
GCGDebt2
105
Group Capital
Guarantee
Debt Fund II
Schedule
ULGF 014
02/04/08
GLEIncome 105
Group Leave
Encashment
Short Term
Fund
ULGF 024
26/02/10
GLEST 105
ULGF 021
10/02/09
GRGF1 105
Group Return
Guarantee
Fund
ULGF 022
30/03/09
GRGF2 105
Group Return
Guarantee
Fund II
ULGF 023
16/06/09
GRGF3 105
Group Return
Guarantee
Fund III
42,615
1,163
11,564
55,342
8,865
1,096
9,961
45,381
26,496
71,877
2,598
14,850
2,242
277
2,519
12,331
8,117
20,448
ULGF 028
01/07/11
GRGFS7 105
11,956
296
-
ULGF 026
14/03/11
GRGFS5 105
Group Return
Guarantee
Fund - S5
101 Annexures
1,869
686,726
90,098
11,230
101,328
585,398
1,754,267
2,339,665
645,537
37,763
1,557
ULGF 003
03/04/03
GSTDebt 105
24,322
224,919
27,353
3,410
30,763
194,156
133,753
327,909
179,551
17,293
3,753
4,130,264
93,054
1,086,599
204,557
Total
249,726
51,482
338,996
30,386
58,244
728,834
85,580
10,664
96,244
632,590
1,817,086
2,449,676
ULGF 004
30/10/03
GGrowth
105
Group
Growth
Fund
177,332
5,691,806
719,064
89,492
808,556
4,883,250
12,624,245
17,507,495
1,042,251
254,812
(503)
68,029
1,364,589
151,457
18,850
170,307
1,194,282
1,638,710
2,832,992
ULGF 002
03/04/03
GDebt
105
Group Debt
Fund
Group
Superannuation
Corporate Bond
Fund
ULGF 015
22/12/08
GSACorBon 105
307,548
17,719
388
792
326,447
48,297
5,969
54,266
272,181
706,149
978,330
ULGF 009
16/03/07
GCGSTDebt2
105
Group Capital
Guarantee Short
Term Debt Fund II
Group Short
Term Debt Fund
9,307
932
18
26
10,283
1,276
163
1,439
8,844
64,298
73,142
ULGF 005
24/02/04
GCGSTDebt1
105
Group Capital
Guarantee Short
Term Debt Fund
Group Return
Guarantee
Fund - S7
2,645
264
2,608
84
18
5,619
1,110
137
1,247
4,372
15,834
20,206
ULGF 012
05/07/07
GCGGrowth2
105
1,404
146
1,344
136
(149)
2,881
746
92
838
2,043
6,989
9,032
ULGF 008
11/12/06
GCGGrowth1
105
Group Capital
Guarantee
Growth Fund II
Particulars
Group Leave
Encashment
Income Fund
Particulars
Group
Balanced
Fund
3.26 Fund Revenue Account for the year Ended March 31, 2013
Form A-RA(UL)
11,980,043
53,024,250
8,275,370
1,262,824
10,206,149
2,717,818
22,462,161
30,562,089
131,319,001
161,881,090
16,999,807
6,214,794
12,917,292
4,912,314
Grand Total
(` 000)
44,356
1,435
17,737
331
3,614
67,473
8,313
1,036
9,349
58,124
139,017
197,141
Group Leave
Encashment
Balanced
Fund
ULGF 013
02/04/08
GLEBal
105
(` 000)
167
168
44 Management Report
ULIF 002
22/10/01
LBalancer1 105
996
48,817
10,522
60,335
Balancer Fund
ULIF 014
17/05/04
LBalancer2 105
17,062
25,401
12,880
55,343
Balancer Fund II
ULIF 023
13/03/06
LBalancer3 105
856
1,520
2,376
Flexi Balanced
Fund IV
ULIF 040
27/08/07
LFlexiBal4 105
2,052
2,322
89
4,463
Flexi Growth
Fund
ULIF 026
20/03/07
LFlexiGro1 105
164
83,709
17,746
101,619
Flexi Growth
Fund II
ULIF 027
20/03/07
LFlexiGro2 105
138,708
117,953
75,588
332,249
Flexi Growth
Fund III
ULIF 028
20/03/07
LFlexiGro3 105
6,278
6,557
12,835
54 Revenue Account
Maximiser
Fund IV
ULIF 037
27/08/07
LMaximis4 105
5,420
6,012
402
11,834
Maximiser
Fund V
ULIF 114
15/03/11
LMaximis5 105
30,463
46,985
77,448
Money Market
Fund
ULIF 090
24/11/09
LMoneyMkt 105
38,849
35,958
1,937
76,744
Multi Cap
Balanced Fund
ULIF 088
24/11/09
LMCapBal 105
23,940
19,074
2,188
45,202
57 Balance Sheet
Preserver
Fund
ULIF 010
17/05/04
LPreserv1 105
3,791
16,795
4,743
25,329
Pinnacle
Fund II
ULIF 105
26/10/10
LPinnacle2 105
49,625
57,872
107,497
ULIF 021
13/03/06
LPreserv3 105
286
702
988
Preserver
Fund III
ULIF 036
27/08/07
LPreserv4 105
1,492
2,021
88
3,601
Preserver
Fund IV
* Surrender & switch charges as not available at fund level have been shown under Schedule F-1 Policyholders contribution
Particulars
* Surrender & switch charges as not available at fund level have been shown under Schedule F-1 Policyholders contribution
Particulars
* Surrender & switch charges as not available at fund level have been shown under Schedule F-1 Policyholders contribution
Particulars
* Surrender & switch charges as not available at fund level have been shown under Schedule F-1 Policyholders contribution
Particulars
Anmol Nivesh
Fund
ULIF 072
28/04/09
LAnmolNiv 105
142
24
166
SCHEDULE: F-5
ULIF 003
22/10/01
LProtect1 105
360
36,590
6,896
43,846
Protector
Fund
Multi Cap
Growth Fund
ULIF 085
24/11/09
LMCapGro 105
258,771
122,774
20,276
401,821
Flexi Growth
Fund IV
ULIF 038
27/08/07
LFlexiGro4 105
131,431
102,769
6,072
240,272
ULIF 039
27/08/07
LBalancer4 105
6,298
7,085
118
13,501
Balancer Fund IV
ULIF 008
11/08/03
LCashPlus 105
11,742
22,379
34,121
ULIF 016
17/05/04
LProtect2 105
14,582
28,087
11,355
54,024
Protector
Fund II
ULIF 024
13/03/06
LProtect3 105
895
2,047
2,942
Protector
Fund III
ULIF 087
24/11/09
LBluChip 105
36,339
20,222
1,960
58,521
ULIF 041
27/08/07
LProtect4 105
45,625
44,435
1,957
92,017
Protector
Fund IV
Multiplier
Fund III
ULIF 046
25/02/08
LMultip3 105
783
800
1,583
Invest Shield
Cash Fund
ULIF 020
03/01/05
LInvCash 105
44,533
51,934
167
96,634
Discontinued
Fund - Life
ULIF 100
01/07/10
LDiscont 105
ULIF 054
18/12/08
LRGF1 105
1,683
4,798
600
7,081
Return
Guarantee Fund
Multiplier
Fund IV
ULIF 047
25/02/08
LMultip4 105
9,197
11,958
676
21,831
16,024
12,106
1,741
29,871
Invest Shield
Fund - Life
ULIF 018 03/01/05
LInvShld 105
292,090
208,619
16,712
517,421
Return
Guarantee
Fund II
ULIF 063
27/01/09
LRGF(T2) 105
2,377
6,330
1,056
9,763
ULIF 001
22/10/01
LMaximis1 105
2,576
167,251
41,631
211,458
Maximiser Fund
Flexi Balanced
Fund
ULIF 031
20/03/07
LFlexiBal1 105
20
4,845
923
5,788
Return
Guarantee
Fund III
ULIF 066
26/02/09
LRGF(T3) 105
2,586
3,358
1,164
7,108
Opportunities
Fund
ULIF 086
24/11/09
LOpport 105
67,406
34,500
4,486
106,392
Maximiser
Fund II
ULIF 012
17/05/04
LMaximis2 105
55,003
75,973
33,517
164,493
Flexi Balanced
Fund II
ULIF 032
20/03/07
LFlexiBal2 105
6,676
6,958
4,877
18,511
(` 000)
Return
Guarantee
Fund IV
ULIF 069
31/03/09
LRGF(T4) 105
1,009
1,568
445
3,022
(` 000)
ULIF 081
26/10/09
LPinnacle 105
263,696
42,352
306,048
Pinnacle Fund
(` 000)
Maximiser
Fund III
ULIF 022
13/03/06
LMaximis3 105
6,962
9,718
16,680
(` 000)
Flexi Balanced
Fund III
ULIF 033
20/03/07
LFlexiBal3 105
199
415
614
59 Schedules
441
509
239
1,189
Return Guarantee
Fund VI
Return Guarantee
Fund V
277
176
112
565
Return Guarantee
Fund VII
101 Annexures
ULIF 019
03/01/05
PInvShld
105
2,091
555
89
2,735
ULIF 005
03/05/02
PBalancer1
105
37,841
1,256
513
39,610
Pension
Balancer Fund
ULIF 093
11/01/10
PBluChip
105
115,031
365
115,396
Pension
Bluechip Fund
169
Pension Money
Market Fund
ULIF 096
11/01/10
PMoneyMkt 105
107,436
296
107,732
Pension
Maximiser Fund II
ULIF 013
17/05/04
PMaximis2 105
49,730
7,400
1,703
58,833
Pension Multi
Cap Growth
Fund
ULIF 091
11/01/10
PMCapGro 105
763,136
6,338
769,474
* Surrender & switch charges as not available at fund level have been shown under Schedule F-1 Policyholders contribution
Particulars
Pension Multi
Cap Balanced
Fund
ULIF 094
11/01/10
PMCapBal 105
105,000
239
105,239
* Surrender & switch charges as not available at fund level have been shown under Schedule F-1 Policyholders contribution
Particulars
Invest Shield
Fund - Pension
Pension
Balancer
Fund II
ULIF 015
17/05/04
PBalancer2
105
29,222
2,301
489
32,012
ULIF 043
25/02/08
PMultip1 105
74,824
25
7
74,856
Pension
Multiplier Fund
Pension
Dynamic P/E
Fund
ULIF 098
11/01/10
PDynmicPE
105
881,877
3,130
885,007
RICH Fund IV
Pension
Opportunities
Fund
ULIF 092
11/01/10
POpport 105
333,712
1,035
334,747
Pension
Multiplier
Fund II
ULIF 045
25/02/08
PMultip2 105
23,075
2,762
430
26,267
Pension
Preserver
Fund
ULIF 011
17/05/04
PPreserv 105
35,951
522
103
36,576
ULIF 029
20/03/07
PFlexiGro1
105
320,012
188
82
320,282
Pension Flexi
Growth Fund
14,693
11,522
9
26,224
Return Guarantee
Fund X (5 Yrs)
ULIF 006
03/05/02
PProtect1 105
164,557
1,198
555
166,310
Pension
Protector Fund
ULIF 030
20/03/07
PFlexiGro2
105
132,829
17,956
2,775
153,560
Pension Flexi
Growth Fund II
Pension
Protector
Fund II
ULIF 017
17/05/04
PProtect2 105
26,208
3,011
354
29,573
ULIF 127
01/12/11
PGROWTH
105
828
828
Return Guarantee
Fund XI (5 Yrs)
(` 000)
Pension Return
Guarantee
Fund
ULIF 055
18/12/08
PRGF1 105
13,787
386
63
14,236
ULIF 095
11/01/10
PIncome
105
391,327
3,212
394,539
Pension Return
Guarantee
Fund II
ULIF 064
27/01/09
PRGF2 105
8,456
186
29
8,671
(` 000)
Pension
Maximiser
Fund
ULIF 004
03/05/02
PMaximis1
105
12,965
2,097
962
16,024
(` 000)
2,390,597
2,429,035
399,402
5,219,034
Total
(` 000)
12,574
9,210
135
21,919
Pension Income
Fund
Secure Save
Guarantee Fund
ULIF 076 29/05/09
LSSavGtee 105
4,273
4,273
Return
Guarantee Fund
X (10 Yrs)
ULIF 112
13/01/11 LRGF(S3)
105
2,063
2,331
16
4,410
Pension Growth
Fund
560
377
2
939
Return Guarantee
Fund IX (10 Yrs)
Pension Flexi
Balanced
Fund II
ULIF 035
20/03/07
PFlexiBal2
105
6,938
713
123
7,774
Pension Flexi
Balanced
Fund
ULIF 034
20/03/07
PFlexiBal1
105
12,511
27
8
12,546
RICH Fund II
ULIF 049 17/03/08
LRICH2 105
144,733
94,325
78,429
317,487
RICH Fund
6,108
3,221
9,329
902
719
3
1,624
Return Guarantee
Fund IX (5 Yrs)
* Surrender & switch charges as not available at fund level have been shown under Schedule F-1 Policyholders contribution
Particulars
3,199
2,389
3
5,591
Return Guarantee
Fund VIII (5 Yrs)
* Surrender & switch charges as not available at fund level have been shown under Schedule F-1 Policyholders contribution
Particulars
SCHEDULE: F-5
170
44 Management Report
Pension
Return
Guarantee
Fund IV
ULIF 070
31/03/09
PRGF4 105
4,159
70
13
4,242
Pension
Return
Guarantee
Fund V
ULIF 074
29/04/09
PRGF5 105
2,743
37
6
2,786
Pension
Return
Guarantee
Fund VI
ULIF 079
17/06/09
PRGF6 105
3,709
12
2
3,723
Pension
Return
Guarantee
Fund VII
ULIF 083
16/11/09
PRGF7 105
12,429
6
1
12,436
Pension
Return
Guarantee
Fund VIII
ULIF 102
12/10/10
PRGF(S1) 105
222
222
ULIF 059
15/01/09
HBalancer 105
3,742
29,832
33,574
Health Flexi
Balanced
Fund
ULIF 060
15/01/09
HFlexiBal 105
5,380
42,839
48,219
ULIF 057
15/01/09
HFlexiGro 105
63,842
468,719
532,561
Health Flexi
Growth Fund
Health
Multiplier
Fund
ULIF 058
15/01/09
HMultip 105
7,059
53,051
60,110
Health
Preserver
Fund
ULIF 056
15/01/09
HPreserv 105
566
4,201
4,767
54 Revenue Account
Group Balanced
Fund
Group Capital
Guarantee
Balanced Fund II
ULGF 010 21/03/07
GCGBal2
105
Group Capital
Guarantee Debt
Fund
ULGF 007 28/10/05
GCGDebt1
105
57 Balance Sheet
ULGF 024
26/02/10
GLEST 105
ULGF 014
02/04/08
GLEIncome 105
ULGF 021
10/02/09 GRGF1
105
Group Return
Guarantee Fund
ULGF 022 30/03/09
GRGF2
105
Group Return
Guarantee Fund II
* Surrender & switch charges as not available at fund level have been shown under Schedule F-1 Policyholders contribution
Particulars
Group Leave
Encashment Short
Term Fund
Group Leave
Encashment
Income Fund
* Surrender & switch charges as not available at fund level have been shown under Schedule F-1 Policyholders contribution
Particulars
Group Capital
Guarantee
Balanced Fund
ULGF 006 03/10/05
GCGBal1
105
ULGF 026
14/03/11 GRGFS5
105
-
Group Return
Guarantee Fund
- S5
ULGF 028
01/07/11 GRGFS7
105
-
ULGF 003
03/04/03 GSTDebt
105
-
Group Capital
Guarantee Short
Term Debt Fund II
ULGF 009
16/03/07
GCGSTDebt2 105
Pension
Secure Fund
Group
Superannuation
Corporate Bond
Fund
ULGF
015 22/12/08
GSACorBon 105
-
ULGF 002
03/04/03
GDebt 105
Group Debt
Fund
Health Return
Guarantee
Fund VI
ULIF 080
17/06/09
HRGF6 105
42
302
344
ULIF 128
01/12/11
PSECURE 105
778
778
Health Return
Guarantee
Fund V
ULIF 075
29/04/09
HRGF5 105
59
439
498
ULIF 053
17/03/08
PRICH2 105
122,733
13,442
2,241
138,416
Pension RICH
Fund II
Group Capital
Guarantee Short
Term Debt Fund
ULGF 005
24/02/04
GCGSTDebt1 105
Group Return
Guarantee Fund
- S7
Group Return
Guarantee Fund III
Group Capital
Guarantee Debt
Fund II
ULGF 011
21/03/07
GCGDebt2 105
Health Return
Guarantee
Fund IV
ULIF 071
31/03/09
HRGF4 105
172
960
1,132
ULIF 052
17/03/08
PRICH1 105
259,606
3
259,609
ULIF 122
19/04/11
PRGF(S4) 105
71
71
Health Return
Guarantee
Fund III
ULIF 068
26/02/09
HRGF3 105
452
2,233
2,685
Pension RICH
Fund
Pension Return
Guarantee Fund
XI (10 Yrs)
Health
Protector
Fund
ULIF 061
15/01/09
HProtect 105
17,506
135,540
153,046
* Surrender & switch charges as not available at fund level have been shown under Schedule F-1 Policyholders contribution
Particulars
Health Balancer
Fund
* Surrender & switch charges as not available at fund level have been shown under Schedule F-1 Policyholders contribution
Particulars
Pension
Return
Guarantee
Fund III
ULIF 067
26/02/09
PRGF3 105
9,310
191
33
9,534
SCHEDULE: F-5
Total
ULGF 004
30/10/03
GGrowth 105
Group Growth
Fund
Health Return
Guarantee
Fund VII
ULIF 084
16/11/09
HRGF7 105
148
189
337
ULIF 009
17/11/03
PSecPlus 105
425
305
730
Secure Plus
Pension Fund
6,556,279
3,239,886
409,984
10,206,149
Grand Total
(` 000)
Group Leave
Encashment
Balanced Fund
ULGF 013
02/04/08
GLEBal 105
(` 000)
841,362
99,780
741,582
-
Total
(` 000)
4,145,753
4,065,902
69,269
10,582
-
Total
(` 000)
Particulars
59 Schedules
UL2
UL1
Schedule
60,731,055
60,731,055
10,777,022
23,186,782
(8,157,769)
18,410,853
1,306,310
45,523,198
(11,988,863)
(11,988,863)
94,265,390
36,017
1,728,767
1,764,784
49,878,835
36,020,218
6,977,091
92,876,144
(375,538)
(375,538)
(375,538)
(375,538)
455,328
88,180
(72,767)
17,749
488,490
11,988,863
671
33,766
12,023,300
14,143,159
2,424,515
7,512,918
(24,593)
32,577
9,945,417
852,632
1,213,978
2,066,610
2,131,132
(53,186)
2,077,946
2,573,560
(495,614)
2,077,946
Linked Life
Unit
(2)
1,961,395
(330,026)
1,631,369
Non-Unit
(1)
101 Annexures
2,573,560
(871,152)
1,702,408
(53,186)
1,702,408
36,020,218
6,977,091
94,942,754
1,755,594
1,213,978
1,728,767
11,710,201
50,731,467
-
(24,593)
32,577
671
33,766
34,437
108,408,549
2,424,515
7,548,935
11,232,350
23,274,962
(8,230,536)
18,410,853
1,324,059
46,011,688
62,692,450
(330,026)
62,362,424
Total
(3)=(1) + (2)
8,813,558
(874,626)
7,938,932
7,938,932
(217,854)
7,938,932
1,414,640
46,373
(264,227)
(40,113)
40,380
8,853,175
6,110
8,859,285
9,135,718
137,874
1,276,499
171,521
38,525
(6,574)
7,853
211,325
65,218
(110)
65,108
Non-Unit
(4)
Annexure to the Revenue Account for the year ended March 31, 2014
ANNEXURE 3 :
(496,888)
(496,888)
(496,888)
(17,545,525)
1,761
34,513,391
(496,888)
1,105,769
1,099,101
52,057,155
-
(8,853,175)
(8,853,175)
35,115,604
(6,668)
7,346,568
16,985,041
(4,984,384)
9,706,779
982,480
30,036,484
13,932,295
13,932,295
8,813,558
(1,371,514)
7,442,044
7,442,044
(17,545,525)
1,761
34,295,537
7,442,044
(264,227)
1,105,769
2,513,741
52,103,528
-
(40,113)
40,380
6,110
6,110
44,251,322
137,874
1,269,831
7,518,089
17,023,566
(4,990,958)
9,706,779
990,333
30,247,809
13,997,513
(110)
13,997,403
Linked Pension
Unit
Total
(5)
(6)=(4) + (5)
312,315
(12,372)
299,943
299,943
262,919
299,943
38,570
331,745
224,349
-
(360)
838
1,096,164
1,696
1,097,860
894,607
50,199
281,068
8,537
1,788
(3,820)
113
6,618
125,308
(335,179)
(209,871)
Non-Unit
(7)
1,186,288
1,235,543
-
135,237
135,799
49,255
-
(1,096,164)
(1,096,164)
1,371,342
562
135,760
151,168
(115,570)
418,898
11,335
601,591
1,865,915
1,865,915
312,315
(12,372)
299,943
299,943
1,186,288
1,498,462
299,943
38,570
135,237
467,544
273,604
-
(360)
838
1,696
1,696
2,265,949
50,199
281,630
144,297
152,956
(119,390)
418,898
11,448
608,209
1,991,223
(335,179)
1,656,044
Linked Health
Unit
Total
(8)
(9)= (7) + (8)
302,611
302,611
302,611
19,156
302,611
172,779
30,545
(11,389)
352,150
820
352,970
494,546
67
172,712
59,076
20,058
(8,615)
(1,681)
68,838
73,413
(675)
72,738
Non-Unit
(10)
2,128,639
10,203,908
-
96,341
96,341
8,075,269
-
(352,150)
(352,150)
10,300,249
-
3,787,171
1,910,724
(1,206,190)
589,856
713,206
5,794,767
4,857,632
4,857,632
302,611
302,611
302,611
2,128,639
10,223,064
302,611
(11,389)
96,341
269,120
8,105,814
-
820
820
10,794,795
67
172,712
3,846,247
1,930,782
(1,214,805)
589,856
711,525
5,863,605
4,931,045
(675)
4,930,370
Linked Group
Unit
Total
(11)
(12)= (10) + (11)
(` 000)
12,002,044
(2,255,038)
9,747,006
(53,186)
9,747,006
21,789,620
6,978,852
140,959,817
9,800,192
976,932
3,066,114
14,960,606
111,214,413
-
(65,066)
73,795
671
42,392
43,063
165,720,615
2,612,655
9,273,108
22,740,983
42,382,266
(14,555,689)
29,126,386
3,037,365
82,731,311
83,612,231
(665,990)
82,946,241
(13)=(3)+ (6)+(9)+(12)
171
172
Particulars
44 Management Report
UL2
UL1
Schedule
1,672,587
9,836,377
60,155,842
507,475
25,668,070
(12,893,499)
(12,893,499)
65,987,026
7,642
1,672,587
1,680,229
59,348,060
2,266,932
3,636,635
65,251,627
(944,830)
(944,830)
(944,830)
(944,830)
596,367
12,893,499
1,765
97,694
12,992,958
15,349,016
2,000,362
6,134,838
11,272
9,676
8,156,148
807,782
507,475
1,315,257
5,877,611
54 Revenue Account
(794,594)
5,083,017
57 Balance Sheet
5,913,266
(1,775,079)
4,138,187
(794,594)
4,138,187
2,266,932
3,636,635
66,566,884
4,932,781
11,272
9,676
1,765
97,694
99,459
81,336,042
2,000,362
6,142,480
26,264,437
9,946,347
19,466,486
(8,739,042)
4,504,296
1,086,350
9,388,797
19,403,654
(8,718,475)
4,504,296
1,089,798
557,550
62,832
(20,567)
(3,448)
55,175,774
(203,628)
54,972,146
Total
(3)=(1) + (2)
53,212,455
53,212,455
Linked Life
Unit
(2)
1,963,319
(203,628)
1,759,691
Non-Unit
(1)
10,552,638
(353,484)
10,199,154
10,199,154
48,074
10,199,154
1,869,685
44,256
3,818
7,620
1,427
11,651,368
8,436
11,659,804
12,116,913
344,979
1,515,659
339,762
302,374
48,823
(7,048)
(4,387)
117,496
(149)
117,347
Non-Unit
(4)
21,389,211
7,433,166
13,026,524
(7,193,724)
7,163,496
959,749
27,209,778
27,209,778
(1,055,381)
(1,055,381)
(1,055,381)
(14,222,417)
36,772,493
(1,055,381)
1,288,221
1,230,509
50,994,910
-
10,552,638
(1,408,865)
9,143,773
9,143,773
(14,222,417)
36,820,567
9,143,773
3,818
1,288,221
3,100,194
51,039,166
-
7,620
1,427
8,436
8,436
49,064,534
344,979
1,457,947
21,728,973
7,735,540
13,075,347
(7,200,772)
7,163,496
955,362
27,327,274
(149)
27,327,125
Linked Pension
Unit
Total
(5)
(6)=(4) + (5)
(11,651,368)
(11,651,368)
36,947,621
(57,712)
Annexure to the Revenue Account for the year ended March 31, 2013
73,710
69,221
142,931
(22,344)
142,931
219,646
165,275
544,378
227,034
(7,388)
1,123
305
1,041,120
5,546
1,046,666
929,299
88,219
454,731
10,595
7,540
2,026
(94)
1,123
181,787
(309,749)
(127,962)
Non-Unit
(7)
1,024,836
1,032,397
-
130,834
135,067
7,561
-
(1,041,120)
(1,041,120)
1,167,464
4,233
275,163
102,984
96,871
(76,400)
134,919
16,789
1,933,421
1,933,421
73,710
69,221
142,931
(22,344)
142,931
1,024,836
1,252,043
165,275
(7,388)
130,834
679,445
234,595
-
1,123
305
5,546
5,546
2,096,763
88,219
458,964
285,758
110,524
98,897
(76,494)
134,919
17,912
2,115,208
(309,749)
1,805,459
Linked Health
Unit
Total
(8)
(9)= (7) + (8)
212,288
212,288
(33,186)
212,288
17,650
245,474
172,004
27,488
(9,838)
337,298
2,786
340,084
435,128
21
171,983
70,911
63,849
9,068
(1,123)
(883)
25,036
(903)
24,133
Non-Unit
(10)
6,328,753
17,243,069
-
89,493
89,660
10,914,316
-
(337,298)
(337,298)
17,332,729
167
5,691,806
3,424,685
1,720,900
(429,744)
177,332
798,633
11,978,221
11,978,221
212,288
212,288
(33,186)
212,288
6,328,753
17,260,719
245,474
(9,838)
89,493
261,664
10,941,804
-
2,786
2,786
17,767,857
21
172,150
5,762,717
3,488,534
1,729,968
(430,867)
177,332
797,750
12,003,257
(903)
12,002,354
Linked Group
Unit
Total
(11)
(12)= (10) + (11)
(` 000)
16,751,902
(3,114,723)
13,637,179
(850,124)
13,637,179
(5,626,732)
3,636,635
120,875,377
15,512,139
494,067
3,181,135
13,877,680
122,371,407
-
20,015
11,408
1,765
114,462
116,227
150,265,196
2,433,581
8,231,541
54,041,885
21,280,945
34,370,698
(16,447,175)
11,980,043
2,857,374
96,621,513
(514,429)
96,107,084
(13)=(3)+ (6)+(9)+(12)
59 Schedules
2,919,058
Mortality charges
8,853,175
11,988,863
Miscellaneous charges
Mortality charges
101 Annexures
11,651,368
12,893,499
Total (UL-1)
305
141,312
(136,854)
1,874,435
Miscellaneous charges
2,019,681
10,582
69,269
3,184
1,869,127
4,065,902
3,389,209
369,355
278
Discontinued charges
399,402
3,889
2,429,035
Switching charges
627,497
2,390,597
Surrender charges
4,125,470
(2)
(1)
893,470
Particulars
Total (UL-1)
1,225
163,350
(76,739)
Discontinued charges
1,118,484
894,873
7,951
53,840
3,461
1,674,874
2,727,635
2,907,994
357,433
319,617
4,419
479,951
Switching charges
2,335,004
Surrender charges
4,155,540
(2)
(1)
793,790
Particulars
SCHEDULE-UL1
(3)
(3)
1,041,120
3,536
154,556
741,582
29
99,780
41,637
1,096,164
5,732
116,421
809,248
43
109,339
55,381
(4)
(4)
337,298
(384,485)
2,720
719,063
352,150
(427,316)
55
779,411
7,898,326
25,923,285
(517,498)
141,312
4,048,672
409,984
3,239,886
7,102
2,499,344
6,556,279
8,275,379
1,262,825
(` 000)
22,290,352
(497,098)
163,628
2,129,778
327,568
3,782,146
7,923
2,154,880
5,171,978
(5)= (1)+(2)+(3)+(4)
Total
(` 000)
1,151,223
(5)= (1)+(2)+(3)+(4)
Total
173
174
44 Management Report
Claims by death
Claims by maturity
Annuities/pension payment
Other benefits
(a)
(b)
(c)
(d)
54 Revenue Account
-
- Rider
- Health
Annuities/pension payment
Other benefits
Sub-total (C)
(c)
(d)
Total
Outside India
In India
Claims by maturity
(b)
1,035,022
1,035,022
852,632
Claims by death
(a)
(182,390)
- Survival
Sub-total (B)
- Surrender/withdrawal
Other benefits
(182,390)
(d)
Claims by maturity
(b)
Annuities/pension payment
Claims by death
(a)
(c)
1,035,022
- Health
Sub-total (A)
42,164
609
49,878,835
49,878,835
49,878,835
49,878,835
49,162,016
330,513
386,306
(2)
(1)
992,249
Unit
Linked Life
Non-Unit
- Rider
- Survival
- Surrender/withdrawal
Insurance claims
Particulars
Sl.
No.
SCHEDULEUL2
50,913,857
50,913,857
50,731,467
(182,390)
(182,390)
50,913,857
42,164
49,162,625
330,513
1,378,555
(3)=(1)+(2)
Linked Life
46,373
46,373
46,373
46,373
3,301
754
13,249
29,069
(4)
Non-Unit
52,057,155
52,057,155
52,057,155
52,057,155
50,284,644
1,022,777
749,734
(5)
Unit
52,103,528
52,103,528
52,103,528
52,103,528
3,301
50,285,398
1,036,026
778,803
(6)=(4)+(5)
Linked Pension
Linked Pension
479,158
479,158
224,349
(254,809)
(254,809)
479,158
479,157
(7)
Non-Unit
49,255
49,255
49,255
49,255
44,571
4,684
(8)
Unit
528,413
528,413
273,604
(254,809)
(254,809)
528,413
523,728
4,685
(9)=(7)+(8)
Linked Health
Linked Health
31,538
31,538
30,545
(993)
(993)
31,538
287
31,251
(10)
Non-Unit
8,075,269
8,075,269
8,075,269
8,075,269
8,022,426
52,843
(11)
Unit
Linked Group
8,106,807
8,106,807
8,105,814
(993)
(993)
8,106,807
8,022,713
84,094
(12)=(10)+(11)
Linked Group
111,652,605
111,652,605
111,214,413
(438,192)
(254,809)
(183,383)
111,652,605
523,728
45,465
107,470,736
1,366,539
2,246,137
(13)=(3)+(6)+(9)+(12)
(` 000)
57 Balance Sheet
Insurance claims
Claims by death
Claims by maturity
Annuities/pension payment
Other benefits
(a)
(b)
(c)
(d)
59 Schedules
Annuities/pension payment
Other benefits
Sub-total (C)
(c)
(d)
101 Annexures
Total
Outside India
In India
Claims by maturity
(b)
885,111
885,111
807,782
Claims by death
(a)
(77,329)
- Health
Sub-total (B)
- Rider
Other benefits
(d)
Annuities/pension payment
(c)
(77,329)
Claims by maturity
(b)
- Survival
Claims by death
(a)
- Surrender/withdrawal
885,111
- Health
Sub-total (A)
55,862
328
59,348,060
59,348,060
59,348,060
59,348,060
58,852,303
141,778
353,979
(2)
(1)
828,921
Unit
Linked Life
Non-Unit
- Rider
- Survival
- Surrender/withdrawal
Particulars
Sl.
No.
60,233,171
60,233,171
60,155,842
(77,329)
(77,329)
60,233,171
55,862
58,852,631
141,778
1,182,900
(3)=(1)+(2)
Linked Life
44,256
44,256
44,256
44,256
3,774
955
4,423
35,104
(4)
Non-Unit
50,994,910
50,994,910
50,994,910
50,994,910
49,516,129
588,282
890,499
(5)
Unit
51,039,166
51,039,166
51,039,166
51,039,166
3,774
49,517,084
592,705
925,603
(6)=(4)+(5)
Linked Pension
Linked Pension
443,395
443,395
227,034
(216,361)
(216,361)
443,395
443,395
(7)
Non-Unit
7,561
7,561
7,561
7,561
4,075
3,486
(8)
Unit
450,956
450,956
234,595
(216,361)
(216,361)
450,956
447,470
3,486
(9)=(7)+(8)
Linked Health
Linked Health
27,615
27,615
27,488
(127)
(127)
27,615
27,615
(10)
Non-Unit
10,914,316
10,914,316
10,914,316
10,914,316
10,873,611
40,705
(11)
Unit
Linked Group
10,941,931
10,941,931
10,941,804
(127)
(127)
10,941,931
10,873,611
68,320
(12)=(10)+(11)
Linked Group
122,665,224
122,665,224
122,371,407
(293,817)
(216,361)
(77,456)
122,665,224
447,470
59,636
119,243,326
734,483
2,180,309
(13)=(3)+(6)+(9)+(12)
(` 000)
175
2. PERFORMANCE OF FUND (ABSOLUTE GROWTH %) FOR THE YEAR ENDED MARCH 31, 2014
Fund name
Anmol Nivesh Fund
Balancer Fund
Balancer Fund II
Balancer Fund III
Balancer Fund IV
Bluechip Fund
Cash Plus Fund
Discontinued Fund Life
Dynamic P/E Fund
Flexi Balanced Fund
Flexi Balanced Fund II
Flexi Balanced Fund III
Flexi Balanced Fund IV
Flexi Growth Fund
Flexi Growth Fund II
Flexi Growth Fund III
Flexi Growth Fund IV
Group Balanced Fund
Group Capital Guarantee Balanced Fund
Group Capital Guarantee Balanced Fund II
Group Capital Guarantee Debt Fund
Group Capital Guarantee Debt Fund II
Group Capital Guarantee Growth Fund
Group Capital Guarantee Growth Fund II
Group Capital Guarantee Short Term Debt Fund
Group Capital Guarantee Short Term Debt Fund II
Group Debt Fund
Group Growth Fund
Group Leave Encashment Balance Fund
Group Leave Encashment Income Fund
Group Leave Encashment Short Term Fund
Group Return Guarantee Fund
Group Return Guarantee Fund - A4
Group Return Guarantee Fund - S5
Group Return Guarantee Fund - S7
Group Return Guarantee Fund II
Group Return Guarantee Fund III
Group Short Term Debt Fund
Group Superannuation Corporate Bond Fund
Health Balancer Fund
Health Flexi Balanced Fund
Health Flexi Growth Fund
Health Multiplier Fund
Health Preserver Fund
Health Protector Fund
Health Return Guarantee Fund
Health Return Guarantee Fund II
Health Return Guarantee Fund III
Health Return Guarantee Fund IV
Health Return Guarantee Fund V
Health Return Guarantee Fund VI
Health Return Guarantee Fund VII
Health Return Guarantee Fund IX (5 Yrs)
Highest NAV Fund B
Income Fund
Invest Shield Cash Fund
Invest Shield Fund Life
Invest Shield Fund Pension
Maximiser Fund
Maximiser Fund II
Maximiser Fund III
Maximiser Fund IV
Maximiser Fund V
Money Market Fund
Multi Cap Balanced Fund
Multi Cap Growth Fund
Multiplier Fund
Multiplier Fund II
Multiplier Fund III
Multiplier Fund IV
New Invest Shield Balanced Fund
Opportunities Fund
Pension Balancer Fund
Pension Balancer Fund II
Pension Bluechip Fund
Pension Dynamic P/E Fund
176
44 Management Report
Financial
year of
inception
SFIN
ULIF 072 28/04/09 LAnmolNiv 105
ULIF 002 22/10/01 LBalancer1 105
ULIF 014 17/05/04 LBalancer2 105
ULIF 023 13/03/06 LBalancer3 105
ULIF 039 27/08/07 LBalancer4 105
ULIF 087 24/11/09 LBluChip 105
ULIF 008 11/08/03 LCashPlus 105
ULIF 100 01/07/10 LDiscont 105
ULIF 097 11/01/10 LDynmicPE 105
ULIF 031 20/03/07 LFlexiBal1 105
ULIF 032 20/03/07 LFlexiBal2 105
ULIF 033 20/03/07 LFlexiBal3 105
ULIF 040 27/08/07 LFlexiBal4 105
ULIF 026 20/03/07 LFlexiGro1 105
ULIF 027 20/03/07 LFlexiGro2 105
ULIF 028 20/03/07 LFlexiGro3 105
ULIF 038 27/08/07 LFlexiGro4 105
ULGF 001 03/04/03 GBalancer 105
ULGF 006 03/10/05 GCGBal1 105
ULGF 010 21/03/07 GCGBal2 105
ULGF 007 28/10/05 GCGDebt1 105
ULGF 011 21/03/07 GCGDebt2 105
ULGF 008 11/12/06 GCGGrowth1 105
ULGF 012 05/07/07 GCGGrowth2 105
ULGF 005 24/02/04 GCGSTDebt1 105
ULGF 009 16/03/07 GCGSTDebt2 105
ULGF 002 03/04/03 GDebt 105
ULGF 004 30/10/03 GGrowth 105
ULGF 013 02/04/08 GLEBal 105
ULGF 014 02/04/08 GLEIncome 105
ULGF 024 26/02/10 GLEST 105
ULGF 021 10/02/09 GRGF1 105
ULGF 025 14/03/11 GRGFA4 105
ULGF 026 14/03/11 GRGFS5 105
ULGF 028 01/07/11 GRGFS7 105
ULGF 022 30/03/09 GRGF2 105
ULGF 023 16/06/09 GRGF3 105
ULGF 003 03/04/03 GSTDebt 105
ULGF 015 22/12/08 GSACorBon 105
ULIF 059 15/01/09 HBalancer 105
ULIF 060 15/01/09 HFlexiBal 105
ULIF 057 15/01/09 HFlexiGro 105
ULIF 058 15/01/09 HMultip 105
ULIF 056 15/01/09 HPreserv 105
ULIF 061 15/01/09 HProtect 105
ULIF 062 15/01/09 HRGF1 105
ULIF 065 29/01/09 HRGF2 105
ULIF 068 26/02/09 HRGF3 105
ULIF 071 31/03/09 HRGF4 105
ULIF 075 29/04/09 HRGF5 105
ULIF 080 17/06/09 HRGF6 105
ULIF 084 16/11/09 HRGF7 105
ULIF 109 22/12/10 HRGF(T9) 105
ULIF 116 15/03/11 LHighNavB 105
ULIF 089 24/11/09 LIncome 105
ULIF 020 03/01/05 LInvCash 105
ULIF 018 03/01/05 LInvShld 105
ULIF 019 03/01/05 PInvShld 105
ULIF 001 22/10/01 LMaximis1 105
ULIF 012 17/05/04 LMaximis2 105
ULIF 022 13/03/06 LMaximis3 105
ULIF 037 27/08/07 LMaximis4 105
ULIF 114 15/03/11 LMaximis5 105
ULIF 090 24/11/09 LMoneyMkt 105
ULIF 088 24/11/09 LMCapBal 105
ULIF 085 24/11/09 LMCapGro 105
ULIF 042 22/11/07 LMultip1 105
ULIF 044 25/02/08 LMultip2 105
ULIF 046 25/02/08 LMultip3 105
ULIF 047 25/02/08 LMultip4 105
ULIF 025 21/08/06 LInvShldNw 105
ULIF 086 24/11/09 LOpport 105
ULIF 005 03/05/02 PBalancer1 105
ULIF 015 17/05/04 PBalancer2 105
ULIF 093 11/01/10 PBluChip 105
ULIF 098 11/01/10 PDynmicPE 105
54 Revenue Account
2010
2002
2005
2006
2008
2010
2004
2011
2010
2007
2007
2007
2008
2007
2007
2007
2008
2004
2006
2007
2006
2007
2007
2008
2004
2007
2004
2004
2009
2009
2010
2009
2011
2011
2012
2009
2010
2004
2009
2009
2009
2009
2009
2009
2009
2009
2009
2009
2009
2010
2010
2010
2011
2011
2010
2005
2005
2005
2002
2005
2006
2008
2011
2010
2010
2010
2008
2008
2008
2008
2007
2010
2003
2005
2010
2010
FY2013
In percentage (%)
8.83
8.07
9.58
8.37
9.68
2.61
10.84
8.70
6.98
7.52
9.13
7.37
9.42
7.86
8.05
8.16
7.98
9.89
8.48
9.64
11.57
11.18
7.34
8.44
8.69
8.53
10.97
9.68
9.85
13.87
8.69
8.07
NA
9.22
9.39
7.91
8.56
8.81
9.77
10.63
9.10
6.13
4.17
9.41
11.85
8.44
8.63
8.56
8.31
8.64
8.72
8.76
NA
7.72
10.92
10.81
10.79
9.91
4.75
6.10
4.99
6.60
7.95
9.41
9.66
6.30
6.78
7.82
6.42
7.88
9.93
6.97
5.90
7.36
2.14
6.71
57 Balance Sheet
FY2012
9.08
2.50
3.81
2.49
3.72
(5.40)
8.61
8.16
(7.73)
(1.91)
(0.60)
(1.93)
(0.75)
(7.40)
(6.69)
(7.30)
(6.70)
6.35
5.50
5.72
9.75
9.85
2.30
3.04
9.00
8.70
9.08
1.68
6.17
10.28
9.03
7.05
(0.44)
6.51
NA
7.07
6.71
8.90
7.26
2.59
0.12
(7.77)
(6.37)
9.43
9.75
7.66
7.31
7.33
7.47
7.61
7.42
7.09
(1.27)
(6.99)
9.00
8.60
3.66
3.18
(6.34)
(5.27)
(6.09)
(5.19)
NA
9.50
(0.46)
(4.36)
(7.33)
(6.32)
(7.09)
(6.68)
1.69
(5.86)
0.90
2.32
(6.29)
(7.60)
Growth
since
inception
44.06
326.60
201.90
97.20
81.60
20.30
104.61
27.85
33.90
67.20
85.20
64.90
63.90
75.50
83.10
75.00
56.10
193.10
95.70
79.80
136.07
96.26
84.00
74.80
104.29
73.21
124.48
327.80
68.00
49.80
36.80
46.72
0.00
23.64
22.26
41.46
45.62
111.84
26.01
80.10
97.50
135.40
132.40
51.74
59.89
58.64
49.09
45.78
45.60
40.65
37.90
32.76
0.00
12.30
38.91
95.38
132.40
134.10
761.20
397.20
119.10
77.70
46.40
40.86
34.80
32.70
17.90
36.80
30.10
35.80
96.50
30.90
259.40
177.90
13.50
31.90
2. PERFORMANCE OF FUND (ABSOLUTE GROWTH %) FOR THE YEAR ENDED MARCH 31, 2014 (Contd.)
Fund name
SFIN
Financial
year of
inception
2007
2007
2007
2007
2012
2010
2003
2005
2010
2010
2010
2008
2008
2010
2005
2003
2005
2009
2009
2009
2009
2010
2010
2010
2011
2011
2011
2012
2008
2008
2012
2010
2011
2005
2006
2008
2002
2005
2006
2008
2009
2009
2009
2009
2010
2010
2010
2011
2011
2011
2011
2011
2011
2011
2012
2008
2008
2008
2008
2004
2004
2010
2010
2014
2014
2014
2014
2014
2014
2014
2014
2014
2014
2014
FY2013
FY2012
In percentage (%)
10.76
12.59
15.04
16.73
25.05
6.32
24.27
25.06
8.86
14.40
13.28
13.25
15.49
16.26
8.92
6.27
6.99
9.72
8.20
10.67
7.11
7.12
7.05
6.70
3.54
3.38
2.95
2.89
14.05
15.03
8.93
9.31
10.80
8.87
8.69
8.79
5.31
7.05
5.26
5.86
4.62
6.48
8.49
7.37
7.16
7.17
6.93
6.67
3.42
6.42
3.35
6.72
3.32
6.29
2.64
17.09
17.86
16.99
17.89
8.06
8.08
14.24
9.62
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
7.35
8.82
7.13
7.57
NA
10.85
6.65
7.02
9.40
8.91
6.41
1.11
1.26
7.88
9.41
10.10
11.46
8.59
8.50
8.70
8.86
8.87
8.92
9.22
11.28
11.45
11.58
11.76
6.84
7.92
NA
8.03
7.43
9.44
9.37
9.31
10.58
11.96
10.55
11.34
8.59
8.69
8.65
8.56
8.71
8.70
9.06
9.48
10.98
9.57
11.58
9.62
11.48
9.68
11.46
1.76
2.87
1.52
2.95
9.23
8.37
7.85
7.59
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
(2.46)
(0.99)
(7.70)
(6.56)
NA
9.08
(5.74)
(5.23)
9.50
(1.43)
(3.58)
(9.40)
(8.34)
(6.80)
9.44
8.17
9.06
7.46
7.44
7.21
7.17
7.06
6.97
6.78
5.25
5.17
5.12
NA
(8.16)
(7.34)
NA
(6.79)
(7.79)
9.50
9.50
9.50
8.09
9.13
8.17
9.05
7.28
7.19
7.21
7.24
7.17
7.11
7.04
7.03
5.31
6.74
5.11
6.78
4.96
6.83
NA
(10.41)
(9.73)
(10.25)
(9.87)
5.17
4.53
(3.66)
0.96
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
Growth
since
inception
69.80
83.30
72.90
84.20
16.80
37.48
776.70
416.50
40.34
28.70
29.70
13.70
20.80
27.30
111.54
129.79
102.28
56.67
49.42
50.69
43.34
37.93
37.35
32.31
25.24
23.90
23.49
21.70
55.00
63.00
10.39
28.00
5.70
113.59
91.34
72.03
155.19
104.29
80.07
72.35
49.27
47.50
47.69
43.38
37.89
37.55
32.91
26.47
24.82
26.12
24.06
26.74
23.87
25.16
20.56
48.70
56.40
48.70
56.20
97.00
90.48
42.80
36.80
3.57
8.30
6.08
3.33
6.01
4.90
5.74
2.60
2.30
6.40
1.22
NA denotes funds not in existence during the relevant full year. In case funds launched during FY2014 the growth percentage has been computed since fund inception date
59 Schedules
101 Annexures
177
PERFORMANCE OF FUND (ABSOLUTE GROWTH %) FOR THE YEAR ENDED MARCH 31, 2013
Fund name
Anmol Nivesh Fund
Balancer Fund
Balancer Fund II
Balancer Fund III
Balancer Fund IV
Bluechip Fund
Cash Plus Fund
Discontinued Fund Life
Dynamic P/E Fund
Flexi Balanced Fund
Flexi Balanced Fund II
Flexi Balanced Fund III
Flexi Balanced Fund IV
Flexi Growth Fund
Flexi Growth Fund II
Flexi Growth Fund III
Flexi Growth Fund IV
Group Balanced Fund
Group Capital Guarantee Balanced Fund
Group Capital Guarantee Balanced Fund II
Group Capital Guarantee Debt Fund
Group Capital Guarantee Debt Fund II
Group Capital Guarantee Growth Fund
Group Capital Guarantee Growth Fund II
Group Capital Guarantee Short Term Debt Fund
Group Capital Guarantee Short Term Debt Fund II
Group Debt Fund
Group Growth Fund
Group Leave Encashment Balance Fund
Group Leave Encashment Income Fund
Group Leave Encashment Short Term Fund
Group Return Guarantee Fund
Group Return Guarantee Fund - A4
Group Return Guarantee Fund - S5
Group Return Guarantee Fund - S7
Group Return Guarantee Fund II
Group Return Guarantee Fund III
Group Short Term Debt Fund
Group Superannuation Corporate Bond Fund
Health Balancer Fund
Health Flexi Balanced Fund
Health Flexi Growth Fund
Health Multiplier Fund
Health Preserver Fund
Health Protector Fund
Health Return Guarantee Fund
Health Return Guarantee Fund II
Health Return Guarantee Fund III
Health Return Guarantee Fund IV
Health Return Guarantee Fund V
Health Return Guarantee Fund VI
Health Return Guarantee Fund VII
Health Return Guarantee Fund IX (5 Yrs)
Highest NAV Fund B
Income Fund
Invest Shield Cash Fund
Invest Shield Fund Life
Invest Shield Fund Pension
Maximiser Fund
Maximiser Fund II
Maximiser Fund III
Maximiser Fund IV
Maximiser Fund V
Money Market Fund
Multi Cap Balanced Fund
Multi Cap Growth Fund
Multiplier Fund
Multiplier Fund II
Multiplier Fund III
Multiplier Fund IV
New Invest Shield Balanced Fund
178
44 Management Report
Financial
year of
inception
SFIN
ULIF 072 28/04/09 LAnmolNiv 105
ULIF 002 22/10/01 LBalancer1 105
ULIF 014 17/05/04 LBalancer2 105
ULIF 023 13/03/06 LBalancer3 105
ULIF 039 27/08/07 LBalancer4 105
ULIF 087 24/11/09 LBluChip 105
ULIF 008 11/08/03 LCashPlus 105
ULIF 100 01/07/10 LDiscont 105
ULIF 097 11/01/10 LDynmicPE 105
ULIF 031 20/03/07 LFlexiBal1 105
ULIF 032 20/03/07 LFlexiBal2 105
ULIF 033 20/03/07 LFlexiBal3 105
ULIF 040 27/08/07 LFlexiBal4 105
ULIF 026 20/03/07 LFlexiGro1 105
ULIF 027 20/03/07 LFlexiGro2 105
ULIF 028 20/03/07 LFlexiGro3 105
ULIF 038 27/08/07 LFlexiGro4 105
ULGF 001 03/04/03 GBalancer 105
ULGF 006 03/10/05 GCGBal1 105
ULGF 010 21/03/07 GCGBal2 105
ULGF 007 28/10/05 GCGDebt1 105
ULGF 011 21/03/07 GCGDebt2 105
ULGF 008 11/12/06 GCGGrowth1 105
ULGF 012 05/07/07 GCGGrowth2 105
ULGF 005 24/02/04 GCGSTDebt1 105
ULGF 009 16/03/07 GCGSTDebt2 105
ULGF 002 03/04/03 GDebt 105
ULGF 004 30/10/03 GGrowth 105
ULGF 013 02/04/08 GLEBal 105
ULGF 014 02/04/08 GLEIncome 105
ULGF 024 26/02/10 GLEST 105
ULGF 021 10/02/09 GRGF1 105
ULGF 025 14/03/11 GRGFA4 105
ULGF 026 14/03/11 GRGFS5 105
ULGF 028 01/07/11 GRGFS7 105
ULGF 022 30/03/09 GRGF2 105
ULGF 023 16/06/09 GRGF3 105
ULGF 003 03/04/03 GSTDebt 105
ULGF 015 22/12/08 GSACorBon 105
ULIF 059 15/01/09 HBalancer 105
ULIF 060 15/01/09 HFlexiBal 105
ULIF 057 15/01/09 HFlexiGro 105
ULIF 058 15/01/09 HMultip 105
ULIF 056 15/01/09 HPreserv 105
ULIF 061 15/01/09 HProtect 105
ULIF 062 15/01/09 HRGF1 105
ULIF 065 29/01/09 HRGF2 105
ULIF 068 26/02/09 HRGF3 105
ULIF 071 31/03/09 HRGF4 105
ULIF 075 29/04/09 HRGF5 105
ULIF 080 17/06/09 HRGF6 105
ULIF 084 16/11/09 HRGF7 105
ULIF 109 22/12/10 HRGF(T9) 105
ULIF 116 15/03/11 LHighNavB 105
ULIF 089 24/11/09 LIncome 105
ULIF 020 03/01/05 LInvCash 105
ULIF 018 03/01/05 LInvShld 105
ULIF 019 03/01/05 PInvShld 105
ULIF 001 22/10/01 LMaximis1 105
ULIF 012 17/05/04 LMaximis2 105
ULIF 022 13/03/06 LMaximis3 105
ULIF 037 27/08/07 LMaximis4 105
ULIF 114 15/03/11 LMaximis5 105
ULIF 090 24/11/09 LMoneyMkt 105
ULIF 088 24/11/09 LMCapBal 105
ULIF 085 24/11/09 LMCapGro 105
ULIF 042 22/11/07 LMultip1 105
ULIF 044 25/02/08 LMultip2 105
ULIF 046 25/02/08 LMultip3 105
ULIF 047 25/02/08 LMultip4 105
ULIF 025 21/08/06 LInvShldNw 105
54 Revenue Account
2010
2002
2005
2006
2008
2010
2004
2011
2010
2007
2007
2007
2008
2007
2007
2007
2008
2004
2006
2007
2006
2007
2007
2008
2004
2007
2004
2004
2009
2009
2010
2009
2011
2011
2012
2009
2010
2004
2009
2009
2009
2009
2009
2009
2009
2009
2009
2009
2009
2010
2010
2010
2011
2011
2010
2005
2005
2005
2002
2005
2006
2008
2011
2010
2010
2010
2008
2008
2008
2008
2007
FY2012
In percentage (%)
9.08
2.50
3.81
2.49
3.72
(5.40)
8.61
8.16
(7.73)
(1.91)
(0.60)
(1.93)
(0.75)
(7.40)
(6.69)
(7.30)
(6.70)
6.35
5.50
5.72
9.75
9.85
2.30
3.04
9.00
8.70
9.08
1.68
6.17
10.28
9.03
7.05
(0.44)
6.51
NA
7.07
6.71
8.90
7.26
2.59
0.12
(7.77)
(6.37)
9.43
9.75
7.66
7.31
7.33
7.47
7.61
7.42
7.09
(1.27)
(6.99)
9.00
8.60
3.66
3.18
(6.34)
(5.27)
(6.09)
(5.19)
NA
9.50
(0.46)
(4.36)
(7.33)
(6.32)
(7.09)
(6.68)
1.69
57 Balance Sheet
FY2011
6.77
6.52
7.90
6.49
7.87
7.37
5.07
NA
13.01
4.68
6.09
4.64
6.08
8.07
8.88
7.95
9.01
6.73
5.89
6.38
6.27
6.50
7.12
7.94
6.29
6.01
6.08
9.65
7.35
6.47
6.29
4.14
NA
NA
NA
5.14
3.40
6.23
NA
6.79
8.27
6.70
6.70
7.06
7.82
7.47
4.78
4.52
4.84
4.95
3.98
4.10
NA
NA
6.60
5.06
5.36
5.68
10.92
11.87
10.97
11.94
NA
6.73
7.02
13.58
9.26
10.21
9.16
10.15
5.84
Growth
since
inception
32.53
285.50
168.90
78.70
62.10
6.10
94.43
17.87
14.90
48.70
62.60
47.10
44.10
52.40
58.30
52.40
35.30
168.80
83.00
66.10
114.88
84.63
66.80
58.00
88.86
60.46
111.46
266.10
55.00
37.18
26.32
36.61
NA
16.33
15.68
31.49
27.89
95.60
18.33
62.40
77.40
104.20
105.00
39.61
49.38
42.04
38.63
36.60
34.71
30.78
28.87
23.74
NA
4.60
31.38
85.83
116.60
117.30
594.50
296.80
76.60
42.10
18.20
29.47
18.10
16.50
3.90
19.90
14.30
19.10
78.20
PERFORMANCE OF FUND (ABSOLUTE GROWTH %) FOR THE YEAR ENDED MARCH 31, 2013 (Contd.)
Fund name
SFIN
Opportunities Fund
Pension Balancer Fund
Pension Balancer Fund II
Pension Bluechip Fund
Pension Dynamic P/E Fund
Pension Flexi Balanced Fund
Pension Flexi Balanced Fund II
Pension Flexi Growth Fund
Pension Flexi Growth Fund II
Pension Growth Fund
Pension Income Fund
Pension Maximiser Fund
Pension Maximiser Fund II
Pension Money Market Fund
Pension Multi Cap Balanced Fund
Pension Multi Cap Growth Fund
Pension Multiplier Fund
Pension Multiplier Fund II
Pension Opportunities Fund
Pension Preserver Fund
Pension Protector Fund
Pension Protector Fund II
Pension Return Guarantee Fund
Pension Return Guarantee Fund II
Pension Return Guarantee Fund III
Pension Return Guarantee Fund IV
Pension Return Guarantee Fund V
Pension Return Guarantee Fund VI
Pension Return Guarantee Fund VII
Pension Return Guarantee Fund VIII
Pension Return Guarantee Fund IX (10 Yrs)
Pension Return Guarantee Fund X (10 Yrs)
Pension Return Guarantee Fund XI (10 Yrs)
Pension RICH Fund
Pension RICH Fund II
Pension Secure Fund
Pinnacle Fund
Pinnacle Fund II
Preserver Fund
Preserver Fund III
Preserver Fund IV
Protector Fund
Protector Fund II
Protector Fund III
Protector Fund IV
Return Guarantee Fund
Return Guarantee Fund II
Return Guarantee Fund III
Return Guarantee Fund IV
Return Guarantee Fund V
Return Guarantee Fund VI
Return Guarantee Fund VII
Return Guarantee Fund VIII (5 Yrs)
Return Guarantee Fund VIII (10 Yrs)
Return Guarantee Fund IX (5 Yrs)
Return Guarantee Fund IX (10 Yrs)
Return Guarantee Fund X (5 Yrs)
Return Guarantee Fund X (10 Yrs)
Return Guarantee Fund XI (5 Yrs)
Return Guarantee Fund XI (10 Yrs)
RICH Fund
RICH Fund II
RICH Fund III
RICH Fund IV
Secure Plus Fund
Secure Plus Pension Fund
Secure Save Builder Fund
Secure Save Guarantee Fund
Financial
year of
inception
2010
2003
2005
2010
2010
2007
2007
2007
2007
2012
2010
2003
2005
2010
2010
2010
2008
2008
2010
2005
2003
2005
2009
2009
2009
2009
2010
2010
2010
2011
2011
2011
2012
2008
2008
2012
2010
2011
2005
2006
2008
2002
2005
2006
2008
2009
2009
2009
2009
2010
2010
2010
2011
2011
2011
2011
2011
2011
2011
2012
2008
2008
2008
2008
2004
2004
2010
2010
FY2012
FY2011
In percentage (%)
6.97
5.90
7.36
2.14
6.71
7.35
8.82
7.13
7.57
NA
10.85
6.65
7.02
9.40
8.91
6.41
1.11
1.26
7.88
9.41
10.10
11.46
8.59
8.50
8.70
8.86
8.87
8.92
9.22
11.28
11.45
11.58
11.76
6.84
7.92
NA
8.03
7.43
9.44
9.37
9.31
10.58
11.96
10.55
11.34
8.59
8.69
8.65
8.56
8.71
8.70
9.06
9.48
10.98
9.57
11.58
9.62
11.48
9.68
11.46
1.76
2.87
1.52
2.95
9.23
8.37
7.85
7.59
(5.86)
0.90
2.32
(6.29)
(7.60)
(2.46)
(0.99)
(7.70)
(6.56)
NA
9.08
(5.74)
(5.23)
9.50
(1.43)
(3.58)
(9.40)
(8.34)
(6.80)
9.44
8.17
9.06
7.46
7.44
7.21
7.17
7.06
6.97
6.78
5.25
5.17
5.12
NA
(8.16)
(7.34)
NA
(6.79)
(7.79)
9.50
9.50
9.50
8.09
9.13
8.17
9.05
7.28
7.19
7.21
7.24
7.17
7.11
7.04
7.03
5.31
6.74
5.11
6.78
4.96
6.83
NA
(10.41)
(9.73)
(10.25)
(9.87)
5.17
4.53
(3.66)
0.96
9.63
4.06
5.54
4.59
11.38
5.25
6.71
10.07
10.95
NA
5.63
9.93
10.86
6.83
5.33
12.61
5.28
6.12
8.25
6.78
4.81
5.70
4.15
4.12
4.32
4.68
3.61
4.02
4.15
NA
NA
NA
NA
8.71
9.59
NA
9.61
NA
6.84
6.24
6.77
4.63
5.54
4.64
5.48
4.50
4.50
4.33
4.49
3.49
3.98
4.14
NA
NA
NA
NA
NA
NA
NA
NA
9.08
10.01
9.07
10.02
4.48
4.23
8.09
6.19
Growth
since
inception
13.50
234.00
155.20
0.40
12.90
53.30
62.80
50.30
57.80
(6.60)
29.31
605.50
313.00
28.91
12.50
14.50
0.40
4.60
9.50
94.22
116.24
89.06
42.80
38.10
36.16
33.82
28.77
28.30
24.01
20.95
19.85
19.95
18.29
35.90
41.70
1.34
17.10
(4.60)
96.18
76.05
58.13
142.33
90.84
71.06
62.80
42.67
38.51
36.13
33.54
28.68
28.35
24.30
18.56
20.69
18.51
20.04
18.76
19.89
17.76
17.45
27.00
32.70
27.10
32.50
82.30
76.23
25.00
24.80
Note:
NA denotes funds not in existence during the relevant year/funds launched during the year. In these cases, the growth percentage has been computed since fund inception date
59 Schedules
101 Annexures
179
Payments made
Not applicable
Not applicable
SFIN
Balancer Fund
Balancer Fund II
Balancer Fund III
Balancer Fund IV
Bluechip Fund
Dynamic P/E Fund
Easy Retirement Balanced Fund
Flexi Balanced Fund
Flexi Balanced Fund II
Flexi Balanced Fund III
Flexi Balanced Fund IV
Flexi Growth Fund
Flexi Growth Fund II
Flexi Growth Fund III
Flexi Growth Fund IV
Group Balanced Fund
Group Balanced Fund II
Group Capital Guarantee Balanced Fund
Group Capital Guarantee Balanced Fund II
Group Capital Guarantee Balanced Fund III
Group Capital Guarantee Growth Fund
Group Capital Guarantee Growth Fund II
Group Growth Fund
Group Growth Fund II
Group Leave Encashment Balance Fund
Health Balancer Fund
Health Flexi Balanced Fund
Health Flexi Growth Fund
Health Multiplier Fund
Highest NAV Fund B
Invest Shield Fund Life
Invest Shield Fund Pension
Life Growth Fund
Maximiser Fund
Maximiser Fund II
Maximiser Fund III
Maximiser Fund IV
Maximiser Fund V
Multi Cap Balanced Fund
Multi Cap Growth Fund
Multiplier Fund
Multiplier Fund II
Multiplier Fund III
Multiplier Fund IV
New Invest Shield Balanced Fund
Opportunities Fund
Pension Balancer Fund
Pension Balancer Fund II
Pension Bluechip Fund
Pension Dynamic P/E Fund
Pension Flexi Balanced Fund
Pension Flexi Balanced Fund II
Pension Flexi Growth Fund
Pension Flexi Growth Fund II
Pension Growth Fund
Pension Maximiser Fund
Pension Maximiser Fund II
Pension Multi Cap Balanced Fund
Pension Multi Cap Growth Fund
180
44 Management Report
Brokerage
54 Revenue Account
294
135
6
33
70
212
138
12
7
1
2
435
48
10
97
338
1
4
49
2
6
229
24
1
1
5
56
1,306
16
3
235
676
327
116
34
2,179
12
567
91
23
7
9
25
11
8
10
20
161
6
6
244
556
253
320
553
33
49
Securities Transaction
Tax (STT)
404
199
7
49
107
290
119
10
6
1
2
867
100
20
200
429
1
3
46
4
11
382
24
1
1
4
39
1,932
15
3
266
971
230
90
23
2,321
18
1,018
129
23
7
6
23
21
17
21
23
220
4
4
482
986
233
450
742
26
100
57 Balance Sheet
Deal value
405,288
199,087
7,453
48,943
106,671
289,865
118,712
9,914
5,516
945
1,849
867,481
99,959
20,000
199,922
428,966
1,482
2,983
45,695
389
4,421
10,535
382,361
46
24,252
800
1,316
3,641
38,748
1,931,801
15,460
2,578
265,996
970,775
229,771
90,111
22,696
2,320,524
18,372
1,017,986
128,587
22,695
6,676
5,977
22,716
20,667
16,824
21,227
22,721
219,911
3,790
4,318
482,025
985,582
232,646
450,421
741,778
26,322
100,431
SFIN
Brokerage
96
19
30
24
561
200
7
5
2
3
4
11,023
Securities Transaction
Tax (STT)
143
13
20
16
799
310
24
18
1
8
2
3
15,087
Deal value
143,479
12,767
20,279
16,495
798,980
309,981
24,043
18,137
1,409
8,452
2,026
2,906
15,087,578
Brokerage and Securities Transaction Tax (STT) payments made to ICICI Securities Limited for the year ended March 31, 2013
(` 000)
Fund name
SFIN
Balancer Fund
Balancer Fund II
Balancer Fund III
Balancer Fund IV
Bluechip Fund
Flexi Balanced Fund
Flexi Balanced Fund II
Flexi Balanced Fund III
Flexi Balanced Fund IV
Flexi Growth Fund
Flexi Growth Fund II
Flexi Growth Fund III
Flexi Growth Fund IV
Group Balanced Fund
Group Capital Guarantee Balanced Fund
Group Capital Guarantee Balanced Fund II
Group Capital Guarantee Growth Fund
Group Capital Guarantee Growth Fund II
Group Growth Fund
Group Leave Encashment Balanced Fund
Health Balancer Fund
Health Flexi Balanced Fund
Health Flexi Growth Fund
Health Multiplier Fund
Invest Shield Fund Life
Invest Shield Fund Pension
Maximiser Fund
Maximiser Fund II
Maximiser Fund III
Maximiser Fund IV
Maximiser Fund V
Multi Cap Balanced Fund
Multi Cap Growth Fund
Multiplier Fund
Multiplier Fund II
Multiplier Fund III
Multiplier Fund IV
New Invest Shield Balanced Fund
Opportunities Fund
Pension Balancer Fund
Pension Balancer Fund II
Pension Bluechip Fund
Pension Flexi Balanced Fund
Pension Flexi Balanced Fund II
Pension Flexi Growth Fund
Pension Flexi Growth Fund II
Pension Growth Fund
Pension Maximiser Fund
Pension Maximiser Fund II
Pension Multi Cap Balanced Fund
Pension Multi Cap Growth Fund
Pension Multiplier Fund
Pension Multiplier Fund II
Brokerage
59 Schedules
74
16
11
38
87
52
38
3
8
313
37
10
27
92
2
43
2
1
538
16
3
1
20
46
37
7
523
196
125
47
546
54
485
334
29
6
13
68
29
324
175
280
9
11
292
399
208
105
943
81
308
124
69
Securities Transaction
Tax (STT)
52
11
9
28
65
36
26
2
6
440
36
15
28
112
3
32
2
1
367
12
2
3
64
33
25
5
429
151
210
65
598
38
875
616
31
7
16
48
89
221
121
196
22
26
246
529
157
74
697
57
538
156
109
101 Annexures
Deal value
49,592
10,474
7,720
25,265
57,651
34,857
24,832
2,060
5,638
419,482
29,763
13,963
22,094
109,352
2,489
29,263
1,755
752
362,755
10,760
2,014
2,987
63,532
31,026
25,059
4,727
400,288
132,070
209,058
64,628
571,511
36,703
858,153
601,654
28,418
6,017
15,648
46,085
89,383
218,146
117,681
188,477
21,538
25,692
234,597
525,176
157,510
70,625
686,611
54,866
524,240
142,629
104,768
181
Brokerage and Securities Transaction Tax (STT) payments made to ICICI Securities Limited for the year ended March 31, 2013 (Contd.)
Fund name
SFIN
Brokerage
79
208
140
105
84
59
133
5
10
8,128
(` 000)
Securities Transaction
Tax (STT)
143
306
208
270
102
50
293
4
7
9,120
Deal value
142,765
298,049
206,736
216,203
91,594
39,690
235,222
3,354
6,475
8,722,122
(b) Purchase of investments for the year ended March 31, 2014
(` 000)
Fund name
SFIN
Balancer Fund
Balancer Fund II
Balancer Fund III
Balancer Fund IV
Cash Plus Fund
Easy Retirement Balanced Fund
Easy Retirement Secure Fund
Flexi Balanced Fund
Flexi Balanced Fund II
Flexi Balanced Fund III
Flexi Balanced Fund IV
Group Balanced Fund
Group Capital Guarantee Balanced Fund
Group Capital Guarantee Balanced Fund II
Group Capital Guarantee Debt Fund
Group Capital Guarantee Debt Fund II
Group Capital Guarantee Debt Fund III
Group Capital Guarantee Growth Fund
Group Capital Guarantee Growth Fund II
Group Debt Fund
Group Debt Fund II
Group Growth Fund
Group Leave Encashment Balance Fund
Group Leave Encashment Income Fund
Health Balancer Fund
Health Flexi Balanced Fund
Health Protector Fund
Income Fund
Invest Shield Cash Fund
Invest Shield Fund Life
Invest Shield Fund Pension
Multi Cap Balanced Fund
New Invest Shield Balanced Fund
Pension Balancer Fund
Pension Balancer Fund II
Pension Flexi Balanced Fund
Pension Flexi Balanced Fund II
Pension Income Fund
Pension Multi Cap Balanced Fund
Pension Protector Fund
Pension Protector Fund II
Pension Secure Fund
Protector Fund
Protector Fund II
Protector Fund III
Protector Fund IV
Secure Plus Fund
Secure Plus Pension Fund
Secure Save Builder Fund
Secure Save Guarantee Fund
Total
182
44 Management Report
54 Revenue Account
118,474
36,903
1,898
8,036
49,080
13,018
4,005
3,262
2,449
114
386
367,468
10,209
112,458
33,066
3,004
2,279
5,568
588,153
4,005
139,581
86,820
3,002
1,434
1,339
12,250
223,810
100,935
10,584
47,484
11,527
11,193
98,889
119,142
12,674
14,179
220,312
26,505
877,399
236,535
34,060
60,510
74,605
7,139
63,723
5,093
18,210
3,302
13,528
3,899,599
57 Balance Sheet
Total
176,260
55,151
3,930
12,087
86,719
13,094
4,095
6,303
4,468
114
1,396
775,830
12,142
155,282
368
59,586
3,004
2,726
6,512
992,566
4,005
239,486
106,672
5,210
2,444
1,339
23,693
496,190
169,075
25,791
59,255
17,610
24,368
221,776
259,881
27,653
30,812
371,428
57,317
1,374,470
594,222
41,419
185,454
127,961
12,986
118,444
8,134
23,087
3,576
16,018
7,021,409
SFIN
59 Schedules
ICICI Bank
Limited
284
158,017
49,103
4,636
9,181
64,098
97,974
10,470
6,898
85
1,241
384,653
1,602
28,132
38
8,969
156
213
5,282
207,340
224,474
55,859
10,558
1,581
19,883
404,800
1,176
1,128
2,532
14,310
93,166
115,235
32,768
5,286
147,091
9,998
34,125
90,450
158,600
11,090
13,158
143,618
159,618
18,947
332,812
443,832
122,975
7,601
19,010
3,318
257,196
285,081
17,635
21,590
214,029
71,693
11,156
92,032
23,519
50,332
7,852
3,122
29
1,586
4,794,223
ICICI Lombard
General Insurance
Company Limited
101
33,395
10,120
1,012
2,024
10,120
2,023
1,012
10,904
97,233
18,026
128,423
1,012
2,657
2,024
14,167
18,215
6,072
178,526
2,024
7,084
26,311
115,900
401,441
216,964
9,279
11,183
34,407
14,167
2,024
14,167
1,012
1,393,029
101 Annexures
ICICI Securities
Primary Dealership
Limited
273,090
85,534
8,917
18,939
79,925
16,341
10,312
705
3,141
357,667
1,981
38,488
361
14,712
387
1,755
405,213
78,214
13,661
2,529
3,032
2,725
21,704
7,450
171,695
159,906
57,127
10,220
28,680
56,279
129,397
146,735
15,054
19,935
211,536
25,568
613,524
269,398
421
281,108
136,588
15,055
105,618
10,692
4,368
213
1,990
3,917,890
Total
385
464,502
144,757
14,565
30,144
154,143
97,974
28,834
18,222
790
4,382
742,320
3,583
66,620
399
23,681
543
1,968
16,186
304,573
629,687
134,073
24,219
4,110
37,909
533,223
5,220
3,853
5,189
38,038
7,450
279,028
293,356
95,967
15,506
325,617
40,702
97,488
219,847
305,335
26,144
33,093
381,465
275,518
44,515
734,253
1,057,356
392,373
7,601
19,010
3,318
421
257,196
502,045
26,914
32,773
529,544
222,448
28,235
211,817
23,519
50,332
19,556
7,490
242
3,576
10,105,142
183
(c) Sale/redemption of investments for the year ended March 31, 2014
(` 000)
Fund name
SFIN
184
44 Management Report
ICICI Bank
Limited
681
33,758
10,554
1,082
2,097
18,900
130
46
2,097
2,097
146,333
8,710
6,345
1,198
9,151
2,419
5,032
2,100
67,300
265,415
12,690
2,124
7,932
117,700
3,016
4,195
73,317
34,719
9,472
42,963
50,700
5,210
8,389
16,938
20,077
2,124
2,124
113,652
62,800
4,221
112,600
651,729
321,829
15,386
76,600
4,400
5,200
63,144
30,337
2,957
27,622
2,097
17,727
3,194
13,452
2,528,082
ICICI Lombard
General
Insurance
Company
Limited
8,324
6,271
8,324
2,081
2,081
57,848
1,048
8,184
1,048
52,381
25,765
5,140
1,048
2,081
25,143
20,952
6,243
3,077
17,795
6,243
16,238
19,283
4,125
5,173
8,250
49,238
31,428
28,286
2,081
8,322
6,271
1,015
440,787
54 Revenue Account
ICICI Securities
Limited
3,148
1,049
1,049
1,049
1,049
4,197
6,296
1,049
1,049
4,197
4,197
1,049
1,049
1,049
8,395
3,148
5,247
2,099
2,102
52,467
ICICI Securities
Primary
Dealership
Limited
ICICI Home
Finance
Company
Limited
48,593
18,298
2,014
4,028
12,962
160
104
4,114
3,064
1,050
190,906
790
20,403
5
281
17,985
14
175
361
199,840
19
46,148
8,828
1,583
1,050
1,050
1,050
399,108
21,190
24,960
12,084
4,819
4,992
14,184
53,278
61,960
7,034
7,848
33,175
13,358
275,663
118,735
4,434
115,573
54,406
45,891
4,200
2,014
19,969
3,064
1,213
81
759
1,888,867
57 Balance Sheet
103,000
74,000
7,000
66,000
250,000.00
Total
681
85,499
38,225
3,096
13,445
41,235
290
150
9,341
7,242
1,050
399,284
10,548
34,932
5
1,479
28,184
14
2,594
5,393
2,100
67,300
523,932
19
85,652
16,092
9,515
117,700
2,098
1,050
3,016
8,375
399,108
123,847
84,828
27,799
50,859
153,700
27,997
28,816
87,503
102,369
13,283
16,194
146,827
62,800
25,829
186,600
985,025
475,140
7,000
19,820
115,573
54,406
76,600
4,400
5,200
114,282
64,922
7,052
58,015
66,000
11,432
19,955
3,275
14,211
5,160,203
Fund name
SFIN
Balancer Fund
Balancer Fund II
Balancer Fund III
Balancer Fund IV
Cash Plus Fund
Discontinued Fund Life
Flexi Balanced Fund
Flexi Balanced Fund II
Flexi Balanced Fund III
Flexi Balanced Fund IV
Group Balanced Fund
Group Capital Guarantee Balanced Fund
Group Capital Guarantee Balanced Fund II
Group Capital Guarantee Debt Fund
Group Capital Guarantee Debt Fund II
Group Capital Guarantee Growth Fund
Group Capital Guarantee Growth Fund II
Group Capital Guarantee Short Term Debt Fund II
Group Debt Fund
Group Growth Fund
Group Leave Encashment Balanced Fund
Group Leave Encashment Income Fund
Group Return Guarantee Fund III
Group Short Term Debt Fund
Health Balancer Fund
Health Flexi Balanced Fund
Health Preserver Fund
Health Protector Fund
Highest NAV Fund B
Income Fund
Invest Shield Cash Fund
Invest Shield Fund Life
Invest Shield Fund Pension
Maximiser Fund
Maximiser Fund II
Maximiser Fund III
Maximiser Fund IV
Maximiser Fund V
Multi Cap Balanced Fund
New Invest Shield Balanced Fund
Pension Balancer Fund
Pension Balancer Fund II
Pension Flexi Balanced Fund
Pension Flexi Balanced Fund II
Pension Income Fund
Pension Maximiser Fund
Pension Maximiser Fund II
Pension Money Market Fund
Pension Multi Cap Balanced Fund
Pension Preserver Fund
Pension Protector Fund
Pension Protector Fund II
Pinnacle Fund
Pinnacle Fund II
Preserver Fund
Protector Fund
Protector Fund II
Protector Fund III
Protector Fund IV
Return Guarantee Fund
Secure Plus Fund
Secure Plus Pension Fund
Secure Save Builder Fund
Secure Save Guarantee Fund
Total
59 Schedules
ICICI Bank
Limited
ICICI Home
Finance
Company
Limited
95,851
27,484
2,913
5,147
63,738
18,416
22,955
388
1,068
165,821
110,221
12,577
62,883
150,163
6,701
2,976
123,832
680
486
291
5,341
32,339
69,602
18,085
242,203
61,920
13,439
4,082
3,385
7,250
31,216
30
5,781
7,294
318,615
61,721
61,223
27,572
116,245
117,815
91,512
126,248
454,588
55,400
24,204
67,855
3,787
2,903,343
19,000
164,000
14,000
143,000
1,000
8,000
1,000
11,000
1,000
362,000
ICICI Lombard
General
Insurance
Company
Limited
83,495
26,123
2,108
4,182
25,085
7,301
3,145
65,630
9,410
3,144
71,123
18,820
2,074
6,265
36,469
48,054
16,713
1,037
4,182
17,750
26,055
31,284
2,074
4,182
45,913
5,195
107,636
49,125
85,569
32,422
4,182
36,536
4,158
1,037
887,478
101 Annexures
ICICI Securities
Primary
Dealership
Limited
187,566
54,850
4,388
12,167
41,308
13,911
8,058
450
2,481
455,800
2,276
40,140
292
11,357
453
880
318,928
80,685
14,585
2,132
2,296
1,034
10,811
265,577
95,944
76,665
36,881
9,356
12,984
38,014
136,976
153,554
17,464
20,986
66,160
25,385
536,337
234,962
461,534
61,881
196,657
76,641
11,910
90,661
7,350
3,933
248
2,306
3,907,214
Total
366,912
108,457
9,409
21,496
130,131
19,000
39,628
34,158
838
3,549
851,251
2,276
159,771
292
27,078
453
880
62,883
540,214
120,206
16,659
5,108
143,000
123,832
2,976
1,520
291
22,417
265,577
164,752
194,321
71,679
11,393
242,203
61,920
13,439
4,082
3,385
24,416
86,980
171,031
184,868
25,319
33,462
430,688
61,721
61,223
27,572
30,580
116,245
761,788
375,599
461,534
61,881
126,248
736,814
164,463
40,296
195,052
11,000
15,295
5,970
248
2,306
8,060,035
185
(d) Placement of fixed deposits with ICICI Bank Limited during the financial year
(` 000)
Fund
Nil
Total
SFIN
FY2014
Not Applicable
FY2013
-
(e) Redemption of fixed deposits from ICICI Bank Limited during the financial year
(` 000)
Fund
Anmol Nivesh Fund
Group Capital Guarantee Short Term Debt Fund
Group Capital Guarantee Short Term Debt Fund II
Group Leave Encashment Short Term Fund
Group Short Term Debt Fund
Health Preserver Fund
Money Market Fund
Pension Money Market Fund
Pension Preserver Fund
Preserver Fund
Preserver Fund III
Preserver Fund IV
Total
SFIN
FY2014
FY2013
-
282
5,401
133,618
23,107
200,326
931
47,523
10,000
231,178
177,944
11,743
7,947
850,000
(f) Interest income earned during the year ended March 31, 2014
(` 000)
Fund name
SFIN
Balancer Fund
Balancer Fund II
Balancer Fund IV
Cash Plus Fund
Group Balanced Fund
Group Debt Fund
Group Return Guarantee Fund
Group Return Guarantee Fund III
Group Superannuation Corporate Bond Fund
Health Protector Fund
Health Return Guarantee Fund
Health Return Guarantee Fund II
Income Fund
Invest Shield Cash Fund
Invest Shield Fund Life
Invest Shield Fund Pension
Money Market Fund
Multi Cap Balanced Fund
New Invest Shield Balanced Fund
Pension Balancer Fund
Pension Balancer Fund II
Pension Income Fund
Pension Maximiser Fund II
Pension Preserver Fund
Pension Protector Fund
Pension Protector Fund II
Pension Return Guarantee Fund
Pension Return Guarantee Fund II
Pension Return Guarantee Fund III
Pension Return Guarantee Fund VII
Preserver Fund
Protector Fund II
Protector Fund IV
Return Guarantee Fund
Return Guarantee Fund II
Return Guarantee Fund III
Return Guarantee Fund VIII (5 Yrs)
Return Guarantee Fund X (5 Yrs)
Return Guarantee Fund XI (5 Yrs)
Total
186
44 Management Report
ICICI Bank
Limited
54 Revenue Account
546
22
506
1,568
442
60
85
605
576
21,439
2,295
542
799
283
4,690
10,445
5,650
633
22
763
3,406
3,158
5,024
297
63,856
ICICI Securities
Primary Dealership
Limited
2,929
975
975
7,800
11,687
1,950
975
975
2,422
4,266
2,925
2,566
8,775
14,612
5,050
2,457
975
1,231
816
989
75,350
57 Balance Sheet
Total
3,640
1,010
4
988
764
107
1,568
442
7,800
4
60
85
11,778
1,950
984
5
605
4
975
3,105
25,705
2,925
4,861
542
9,574
14,895
9,740
12,902
5,650
633
22
75
992
1,994
4,222
3,158
5,024
297
989
140,078
Interest income earned during the year ended March 31, 2013
(` 000)
Fund name
SFIN
59 Schedules
ICICI Bank
Limited
12
1,012
262
29
48
300
48
41
19
1,390
19
121
41
226
5,588
1,000
300
66
12
966
8,510
19
19
39
66
720
539
185
27
1,987
66
196
399
468
66
66
581
285
92
9,667
1,279
599
7,441
491
332
986
468
62
484
45
19
3
47,706
540
103
319
9,472
1,904
1,179
4,125
288
14,453
83
103
98
862
20,471
98
5,648
1,235
7,655
14,006
6,187
396
3,629
5,300
4,122
106
98
102,480
101 Annexures
ICICI Securities
Primary Dealership
Limited
2,919
973
973
7,785
973
1,946
973
973
1,237
3,084
2,919
8,758
3,892
7,416
3,361
973
1,980
990
743
990
53,858
Total
12
4,471
1,338
29
48
1,273
319
48
41
19
10,862
19
121
41
226
5,588
2,904
1,479
66
12
966
4,125
288
14,453
8,510
7,785
19
19
39
66
83
103
1,693
2,485
1,158
125
1,987
66
1,169
2,498
24,023
66
164
3,500
285
92
9,667
15,685
5,726
15,071
17,367
6,187
396
7,441
491
332
986
468
62
1,457
5,609
6,290
4,122
743
106
990
45
117
3
204,044
187
II. Company-wise details of investments held in the promoter group companies at March 31, 2014
(` 000)
Fund name
SFIN
Balancer Fund
Balancer Fund II
Cash Plus Fund
Group Balanced Fund
Group Return Guarantee Fund
Group Superannuation Corporate Bond Fund
Income Fund
Invest Shield Cash Fund
Invest Shield Fund Life
New Invest Shield Balanced Fund
Pension Balancer Fund
Pension Balancer Fund II
Pension Income Fund
Pension Maximiser Fund II
Pension Protector Fund
Pension Protector Fund II
Preserver Fund
Protector Fund IV
Return Guarantee Fund X (5 Yrs)
Return Guarantee Fund XI (5 Yrs)
Total
% of total assets held in ULIP
188
44 Management Report
ICICI Home
Finance
Company
Limited
11,979
19,965
18,967
6,988
245,568
153,730
998
40,928
499,123
0.08 %
% of fundwise
assets held
54 Revenue Account
0.11 %
0.12 %
7.02 %
0.13 %
3.36 %
0.90 %
0.01 %
1.36 %
-
ICICI Securities
Primary
Dealership
Limited
29,784
9,928
9,928
79,425
127,576
19,856
9,928
9,928
30,006
50,009
29,784
110,020
89,353
157,360
9,928
10,003
782,816
0.13 %
% of fundwise
assets held
0.26 %
0.26 %
0.36 %
3.59 %
0.70 %
0.39 %
0.38 %
0.33 %
0.54 %
0.68 %
0.29 %
0.65 %
0.56 %
2.10 %
0.25 %
0.71 %
57 Balance Sheet
Total
41,763
9,928
9,928
19,965
18,967
79,425
127,576
19,856
9,928
9,928
36,994
295,577
29,784
263,750
89,353
157,360
998
9,928
40,928
10,003
1,281,939
0.21 %
% of assets
held
0.01%
0.00%
0.00%
0.00%
0.00%
0.01%
0.02%
0.00%
0.00%
0.00%
0.01%
0.05%
0.00%
0.04%
0.01%
0.03%
0.00%
0.00%
0.01%
0.00%
Fund name
ULIF 072 28/04/09 LAnmolNiv 105
ULIF 002 22/10/01 LBalancer1 105
ULIF 014 17/05/04 LBalancer2 105
ULIF 023 13/03/06 LBalancer3 105
ULIF 039 27/08/07 LBalancer4 105
ULIF 008 11/08/03 LCashPlus 105
ULIF 031 20/03/07 LFlexiBal1 105
ULIF 032 20/03/07 LFlexiBal2 105
ULIF 033 20/03/07 LFlexiBal3 105
ULIF 040 27/08/07 LFlexiBal4 105
ULGF 001 03/04/03 GBalancer 105
ULGF 006 03/10/05 GCGBal1 105
ULGF 010 21/03/07 GCGBal2 105
ULGF 007 28/10/05 GCGDebt1 105
ULGF 011 21/03/07 GCGDebt2 105
ULGF 008 11/12/06 GCGGrowth1 105
ULGF 012 05/07/07 GCGGrowth2 105
ULGF 005 24/02/04 GCGSTDebt1 105
ULGF 009 16/03/07 GCGSTDebt2 105
ULGF 002 03/04/03 GDebt 105
ULGF 004 30/10/03 GGrowth 105
ULGF 013 02/04/08 GLEBal 105
ULGF 014 02/04/08 GLEIncome 105
ULGF 021 10/02/09 GRGF1 105
ULGF 023 16/06/09 GRGF3 105
ULGF 003 03/04/03 GSTDebt 105
ULGF 015 22/12/08 GSACorBon 105
ULIF 059 15/01/09 HBalancer 105
ULIF 060 15/01/09 HFlexiBal 105
ULIF 056 15/01/09 HPreserv 105
ULIF 061 15/01/09 HProtect 105
ULIF 062 15/01/09 HRGF1 105
ULIF 065 29/01/09 HRGF2 105
ULIF 089 24/11/09 LIncome 105
ULIF 020 03/01/05 LInvCash 105
ULIF 018 03/01/05 LInvShld 105
ULIF 019 03/01/05 PInvShld 105
ULIF 090 24/11/09 LMoneyMkt 105
ULIF 088 24/11/09 LMCapBal 105
ULIF 025 21/08/06 LInvShldNw 105
ULIF 005 03/05/02 PBalancer1 105
ULIF 015 17/05/04 PBalancer2 105
ULIF 034 20/03/07 PFlexiBal1 105
ULIF 035 20/03/07 PFlexiBal2 105
ULIF 095 11/01/10 PIncome 105
ULIF 096 11/01/10 PMoneyMkt 105
ULIF 094 11/01/10 PMCapBal 105
ULIF 011 17/05/04 PPreserv 105
ULIF 006 03/05/02 PProtect1 105
ULIF 017 17/05/04 PProtect2 105
ULIF 055 18/12/08 PRGF1 105
ULIF 064 27/01/09 PRGF2 105
SFIN
Company-wise details of investments held in the promoter group companies at March 31, 2013
ICICI
92
96,520
21,844
1,944
4,998
24,528
4,720
3,240
278
1,018
136,125
555
8,978
93
6,201
93
278
1,937
62,086
90,058
20,270
4,443
555
108,582
926
740
461
6,479
88,094
45,446
17,678
3,602
46,772
6,572
16,660
28,600
32,673
3,517
4,073
57,935
7,127
103,877
111,439
52,017
-
Bank Limited
1.40%
0.79%
0.58%
0.58%
0.56%
0.90%
0.41%
0.41%
0.45%
0.40%
0.84%
0.55%
0.54%
0.70%
0.66%
0.33%
0.48%
1.73%
2.01%
0.66%
0.28%
0.54%
0.62%
1.67%
0.56%
0.39%
1.56%
0.87%
0.97%
0.90%
0.75%
0.76%
1.53%
0.39%
0.59%
0.43%
0.43%
0.30%
0.31%
2.18%
0.30%
1.82%
0.66%
0.66%
-
% of fundwise
assets held
1,007
18,794
11,870
989
1,007
5,935
263,111
36,262
4,029
77,153
117,851
Home Finance
Company
Limited
ICICI
0.03%
7.44%
0.44%
7.48%
7.00%
0.09%
3.46%
0.22%
0.05%
5.18%
8.42%
% of fundwise
assets held
31,026
10,342
10,342
82,735
10,342
20,684
10,342
10,342
20,100
40,201
31,026
93,077
41,367
70,351
30,151
ICICI Securities
Primary
Dealership
Limited
0.25%
0.28%
0.38%
3.57%
0.11%
0.41%
0.44%
0.36%
0.30%
0.53%
0.33%
0.55%
0.53%
4.72%
2.15%
% of fundwise
assets held
92
127,545
33,193
1,944
4,998
34,870
4,720
3,240
278
1,018
136,125
555
8,978
93
6,201
93
278
1,937
62,086
90,058
20,270
4,443
555
18,794
11,870
108,582
82,735
926
740
461
6,479
989
1,007
98,436
66,129
28,020
3,602
46,772
6,572
27,002
54,635
335,984
3,517
4,073
31,026
57,935
7,127
103,877
240,778
97,414
147,504
148,001
Total
0.00%
0.02%
0.01%
0.00%
0.00%
0.01%
0.00%
0.00%
0.00%
0.00%
0.02%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.01%
0.02%
0.00%
0.00%
0.00%
0.00%
0.00%
0.02%
0.01%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.02%
0.01%
0.00%
0.00%
0.01%
0.00%
0.00%
0.01%
0.06%
0.00%
0.00%
0.01%
0.01%
0.00%
0.02%
0.04%
0.02%
0.03%
0.03%
% of assets
held
(` 000)
59 Schedules
101 Annexures
189
190
Fund name
ULIF 067 26/02/09 PRGF3 105
ULIF 083 16/11/09 PRGF7 105
ULIF 128 01/12/11 PSECURE 105
ULIF 010 17/05/04 LPreserv1 105
ULIF 021 13/03/06 LPreserv3 105
ULIF 036 27/08/07 LPreserv4 105
ULIF 003 22/10/01 LProtect1 105
ULIF 016 17/05/04 LProtect2 105
ULIF 024 13/03/06 LProtect3 105
ULIF 041 27/08/07 LProtect4 105
ULIF 054 18/12/08 LRGF1 105
ULIF 063 27/01/09 LRGF(T2) 105
ULIF 066 26/02/09 LRGF(T3) 105
ULIF 103 12/10/10 LRGF(T8) 105
ULIF 120 17/03/11 LRGF(T11) 105
ULIF 007 11/08/03 LSecPlus 105
ULIF 009 17/11/03 PSecPlus 105
ULIF 077 29/05/09 LSSavBuil 105
ULIF 076 29/05/09 LSSavGtee 105
SFIN
740
70,666
4,059
4,797
82,006
45,912
4,073
36,097
3,517
1,111
93
648
1,487,843
0.26%
Bank Limited
ICICI
Company-wise details of investments held in the promoter group companies at March 31, 2013 (Contd.)
0.40%
1.85%
1.98%
1.80%
0.92%
1.21%
0.91%
0.90%
0.77%
0.58%
0.25%
0.42%
% of fundwise
assets held
Home Finance
Company
Limited
74,185
7,051
10,073
47,342
42,533
27,195
746,387
0.13%
ICICI
5.70%
1.10%
2.19%
9.32%
8.96%
2.56%
-
% of fundwise
assets held
10,342
20,100
10,049
10,049
562,968
0.10%
ICICI Securities
Primary
Dealership
Limited
0.26%
4.38%
1.98%
0.73%
-
% of fundwise
assets held
74,185
7,051
740
70,666
4,059
4,797
82,006
45,912
4,073
46,439
30,173
57,392
42,533
27,196
10,050
3,517
1,111
93
648
2,797,198
0.49%
Total
0.01%
0.00%
0.00%
0.01%
0.00%
0.00%
0.01%
0.01%
0.00%
0.01%
0.01%
0.01%
0.01%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
% of assets
held
(` 000)
44 Management Report
54 Revenue Account
57 Balance Sheet
SFIN
3
3
1
1
0
0
0
8
739
55
52
13
859
6. NET ASSET VALUE (NAV): HIGHEST, LOWEST AND CLOSING AT YEAR ENDED MARCH 31, 2014
Fund name
Anmol Nivesh Fund
Balancer Fund
Balancer Fund II
Balancer Fund III
Balancer Fund IV
Bluechip Fund
Cash Plus Fund
Discontinued Fund - Life
Discontinued Fund-Pension
Dynamic P/E Fund
Easy Retirement Balanced Fund
Easy Retirement Secure Fund
Flexi Balanced Fund
Flexi Balanced Fund II
Flexi Balanced Fund III
Flexi Balanced Fund IV
Flexi Growth Fund
Flexi Growth Fund II
Flexi Growth Fund III
Flexi Growth Fund IV
Group Balanced Fund
Group Balanced Fund II
Group Capital Guarantee Balanced Fund
Group Capital Guarantee Balanced Fund II
Group Capital Guarantee Balanced Fund III
Group Capital Guarantee Debt Fund
Group Capital Guarantee Debt Fund II
Group Capital Guarantee Debt Fund III
Group Capital Guarantee Growth Fund
Group Capital Guarantee Growth Fund II
Group Capital Guarantee Short Term Debt Fund
Group Capital Guarantee Short Term Debt Fund II
Group Capital Guarantee Short Term Debt Fund III
Group Debt Fund
Group Debt Fund II
Group Growth Fund
Group Growth Fund II
Group Leave Encashment Balance Fund
Group Leave Encashment Income Fund
Group Leave Encashment Short Term Fund
Group Return Guarantee Fund
Group Return Guarantee Fund - S5
Group Return Guarantee Fund - S7
Group Return Guarantee Fund II
Group Return Guarantee Fund III
Group Short Term Debt Fund
Group Superannuation Corporate Bond Fund
Health Balancer Fund
Health Flexi Balanced Fund
Health Flexi Growth Fund
Health Multiplier Fund
Health Preserver Fund
Health Protector Fund
Health Return Guarantee Fund
Health Return Guarantee Fund II
Health Return Guarantee Fund III
Health Return Guarantee Fund IV
59 Schedules
SFIN
ULIF 072 28/04/09 LAnmolNiv 105
ULIF 002 22/10/01 LBalancer1 105
ULIF 014 17/05/04 LBalancer2 105
ULIF 023 13/03/06 LBalancer3 105
ULIF 039 27/08/07 LBalancer4 105
ULIF 087 24/11/09 LBluChip 105
ULIF 008 11/08/03 LCashPlus 105
ULIF 100 01/07/10 LDiscont 105
ULIF 101 01/07/10 PDiscont 105
ULIF 097 11/01/10 LDynmicPE 105
ULIF 132 02/11/12 ERBF 105
ULIF 133 02/11/12 ERSF 105
ULIF 031 20/03/07 LFlexiBal1 105
ULIF 032 20/03/07 LFlexiBal2 105
ULIF 033 20/03/07 LFlexiBal3 105
ULIF 040 27/08/07 LFlexiBal4 105
ULIF 026 20/03/07 LFlexiGro1 105
ULIF 027 20/03/07 LFlexiGro2 105
ULIF 028 20/03/07 LFlexiGro3 105
ULIF 038 27/08/07 LFlexiGro4 105
ULGF 001 03/04/03 GBalancer 105
ULGF 041 30/04/13 GBalancer2 105
ULGF 006 03/10/05 GCGBal1 105
ULGF 010 21/03/07 GCGBal2 105
ULGF 049 27/08/13 GCGBal3 105
ULGF 007 28/10/05 GCGDebt1 105
ULGF 011 21/03/07 GCGDebt2 105
ULGF 048 27/08/13 GCGDebt3 105
ULGF 008 11/12/06 GCGGrowth1 105
ULGF 012 05/07/07 GCGGrowth2 105
ULGF 005 24/02/04 GCGSTDebt1 105
ULGF 009 16/03/07 GCGSTDebt2 105
ULGF 047 27/08/13 GCGSTDebt3 105
ULGF 002 03/04/03 GDebt 105
ULGF 040 30/04/13 GDebt2 105
ULGF 004 30/10/03 GGrowth 105
ULGF 042 30/04/13 GGrowth2 105
ULGF 013 02/04/08 GLEBal 105
ULGF 014 02/04/08 GLEIncome 105
ULGF 024 26/02/10 GLEST 105
ULGF 021 10/02/09 GRGF1 105
ULGF 026 14/03/11 GRGFS5 105
ULGF 028 01/07/11 GRGFS7 105
ULGF 022 30/03/09 GRGF2 105
ULGF 023 16/06/09 GRGF3 105
ULGF 003 03/04/03 GSTDebt 105
ULGF 015 22/12/08 GSACorBon 105
ULIF 059 15/01/09 HBalancer 105
ULIF 060 15/01/09 HFlexiBal 105
ULIF 057 15/01/09 HFlexiGro 105
ULIF 058 15/01/09 HMultip 105
ULIF 056 15/01/09 HPreserv 105
ULIF 061 15/01/09 HProtect 105
ULIF 062 15/01/09 HRGF1 105
ULIF 065 29/01/09 HRGF2 105
ULIF 068 26/02/09 HRGF3 105
ULIF 071 31/03/09 HRGF4 105
Highest
Lowest
14.41
42.66
30.19
19.72
18.16
12.04
20.46
12.79
10.36
13.39
10.83
10.61
16.72
18.52
16.49
16.39
17.55
18.31
17.50
15.61
29.31
10.26
19.57
17.98
10.49
23.61
19.63
10.57
18.40
17.48
20.43
17.32
10.33
22.45
10.60
42.78
10.23
16.80
14.98
13.68
14.67
12.36
12.23
14.15
14.56
21.18
12.60
18.01
19.75
23.54
23.27
15.17
15.99
15.87
14.91
14.71
14.56
101 Annexures
13.26
37.42
26.36
17.29
15.85
9.77
19.04
11.79
9.98
10.90
10.00
10.00
14.11
15.50
13.92
13.73
13.81
14.42
13.74
12.29
26.67
10.00
17.80
16.34
9.96
21.49
18.43
10.00
16.20
15.38
18.89
16.05
10.00
20.92
10.00
35.66
10.00
15.21
13.72
12.63
13.66
11.60
11.43
13.15
12.79
19.56
11.77
15.82
17.23
19.40
19.11
13.96
14.83
14.21
13.87
13.66
13.47
(` per unit)
Closing
14.41
42.66
30.19
19.72
18.16
12.03
20.46
12.79
10.36
13.39
10.83
10.61
16.72
18.52
16.49
16.39
17.55
18.31
17.50
15.61
29.31
10.26
19.57
17.98
10.49
23.61
19.63
10.57
18.40
17.48
20.43
17.32
10.33
22.45
10.60
42.78
10.23
16.80
14.98
13.68
14.67
12.36
12.23
14.15
14.56
21.18
12.60
18.01
19.75
23.54
23.24
15.17
15.99
15.86
14.91
14.58
14.56
191
6. NET ASSET VALUE (NAV): HIGHEST, LOWEST AND CLOSING AT YEAR ENDED MARCH 31, 2014 (CONTD.)
Fund name
Health Return Guarantee Fund V
Health Return Guarantee Fund VI
Health Return Guarantee Fund VII
Highest NAV Fund B
Income Fund
Invest Shield Cash Fund
Invest Shield Fund - Life
Invest Shield Fund - Pension
Life Growth Fund
Life Secure Fund
Maximiser Fund
Maximiser Fund II
Maximiser Fund III
Maximiser Fund IV
Maximiser Fund V
Money Market Fund
Multi Cap Balanced Fund
Multi Cap Growth Fund
Multiplier Fund
Multiplier Fund II
Multiplier Fund III
Multiplier Fund IV
New Invest Shield Balanced Fund
Opportunities Fund
Pension Balancer Fund
Pension Balancer Fund II
Pension Bluechip Fund
Pension Dynamic P/E Fund
Pension Flexi Balanced Fund
Pension Flexi Balanced Fund II
Pension Flexi Growth Fund
Pension Flexi Growth Fund II
Pension Growth Fund
Pension Income Fund
Pension Maximiser Fund
Pension Maximiser Fund II
Pension Money Market Fund
Pension Multi Cap Balanced Fund
Pension Multi Cap Growth Fund
Pension Multiplier Fund
Pension Multiplier Fund II
Pension Opportunities Fund
Pension Preserver Fund
Pension Protector Fund
Pension Protector Fund II
Pension Return Guarantee Fund
Pension Return Guarantee Fund II
Pension Return Guarantee Fund III
Pension Return Guarantee Fund IV
Pension Return Guarantee Fund V
Pension Return Guarantee Fund VI
Pension Return Guarantee Fund VII
Pension Return Guarantee Fund VIII
Pension Return Guarantee Fund IX (10 Yrs)
Pension Return Guarantee Fund X (10 Yrs)
Pension Return Guarantee Fund XI (10 Yrs)
Pension RICH Fund
Pension RICH Fund II
Pension Secure Fund
Pinnacle Fund
Pinnacle Fund II
Preserver Fund
Preserver Fund III
Preserver Fund IV
Protector Fund
Protector Fund II
Protector Fund III
Protector Fund IV
Return Guarantee Fund
Return Guarantee Fund II
Return Guarantee Fund III
Return Guarantee Fund IV
Return Guarantee Fund V
Return Guarantee Fund VI
Return Guarantee Fund VII
192
44 Management Report
SFIN
ULIF 075 29/04/09 HRGF5 105
ULIF 080 17/06/09 HRGF6 105
ULIF 084 16/11/09 HRGF7 105
ULIF 116 15/03/11 LHighNavB 105
ULIF 089 24/11/09 LIncome 105
ULIF 020 03/01/05 LInvCash 105
ULIF 018 03/01/05 LInvShld 105
ULIF 019 03/01/05 PInvShld 105
ULIF 134 19/09/13 LGF 105
ULIF 135 19/09/13 LSF 105
ULIF 001 22/10/01 LMaximis1 105
ULIF 012 17/05/04 LMaximis2 105
ULIF 022 13/03/06 LMaximis3 105
ULIF 037 27/08/07 LMaximis4 105
ULIF 114 15/03/11 LMaximis5 105
ULIF 090 24/11/09 LMoneyMkt 105
ULIF 088 24/11/09 LMCapBal 105
ULIF 085 24/11/09 LMCapGro 105
ULIF 042 22/11/07 LMultip1 105
ULIF 044 25/02/08 LMultip2 105
ULIF 046 25/02/08 LMultip3 105
ULIF 047 25/02/08 LMultip4 105
ULIF 025 21/08/06 LInvShldNw 105
ULIF 086 24/11/09 LOpport 105
ULIF 005 03/05/02 PBalancer1 105
ULIF 015 17/05/04 PBalancer2 105
ULIF 093 11/01/10 PBluChip 105
ULIF 098 11/01/10 PDynmicPE 105
ULIF 034 20/03/07 PFlexiBal1 105
ULIF 035 20/03/07 PFlexiBal2 105
ULIF 029 20/03/07 PFlexiGro1 105
ULIF 030 20/03/07 PFlexiGro2 105
ULIF 127 01/12/11 PGROWTH 105
ULIF 095 11/01/10 PIncome 105
ULIF 004 03/05/02 PMaximis1 105
ULIF 013 17/05/04 PMaximis2 105
ULIF 096 11/01/10 PMoneyMkt 105
ULIF 094 11/01/10 PMCapBal 105
ULIF 091 11/01/10 PMCapGro 105
ULIF 043 25/02/08 PMultip1 105
ULIF 045 25/02/08 PMultip2 105
ULIF 092 11/01/10 POpport 105
ULIF 011 17/05/04 PPreserv 105
ULIF 006 03/05/02 PProtect1 105
ULIF 017 17/05/04 PProtect2 105
ULIF 055 18/12/08 PRGF1 105
ULIF 064 27/01/09 PRGF2 105
ULIF 067 26/02/09 PRGF3 105
ULIF 070 31/03/09 PRGF4 105
ULIF 074 29/04/09 PRGF5 105
ULIF 079 17/06/09 PRGF6 105
ULIF 083 16/11/09 PRGF7 105
ULIF 102 12/10/10 PRGF(S1) 105
ULIF 108 22/12/10 PRGF(S2) 105
ULIF 113 13/01/11 PRGF(S3) 105
ULIF 122 19/04/11 PRGF(S4) 105
ULIF 052 17/03/08 PRICH1 105
ULIF 053 17/03/08 PRICH2 105
ULIF 128 01/12/11 PSECURE 105
ULIF 081 26/10/09 LPinnacle 105
ULIF 105 26/10/10 LPinnacle2 105
ULIF 010 17/05/04 LPreserv1 105
ULIF 021 13/03/06 LPreserv3 105
ULIF 036 27/08/07 LPreserv4 105
ULIF 003 22/10/01 LProtect1 105
ULIF 016 17/05/04 LProtect2 105
ULIF 024 13/03/06 LProtect3 105
ULIF 041 27/08/07 LProtect4 105
ULIF 054 18/12/08 LRGF1 105
ULIF 063 27/01/09 LRGF(T2) 105
ULIF 066 26/02/09 LRGF(T3) 105
ULIF 069 31/03/09 LRGF(T4) 105
ULIF 073 29/04/09 LRGF(T5) 105
ULIF 078 17/06/09 LRGF(T6) 105
ULIF 082 16/11/09 LRGF(T7) 105
54 Revenue Account
Highest
Lowest
14.06
13.79
13.28
11.24
13.89
19.54
23.24
23.41
10.64
10.12
86.12
49.72
21.91
17.77
14.64
14.09
13.48
13.27
11.82
13.71
13.03
13.61
19.65
13.09
35.94
27.79
11.35
13.19
16.98
18.33
17.29
18.42
11.68
13.75
87.67
51.65
14.03
12.87
12.97
11.37
12.08
12.73
21.15
22.98
20.23
15.67
14.97
15.08
14.33
13.79
13.74
13.23
12.81
12.70
12.77
12.61
15.50
16.30
11.04
12.80
10.57
21.36
19.13
17.20
25.52
20.43
18.01
17.23
15.38
14.89
14.78
14.34
13.79
13.75
13.29
13.08
12.89
12.38
9.83
12.97
18.18
21.12
21.34
9.98
10.00
66.25
38.03
16.83
13.60
11.30
12.95
11.33
10.64
9.56
11.03
10.51
10.98
17.27
10.80
32.27
24.83
9.17
10.66
14.88
15.88
13.63
14.34
8.98
12.93
67.27
39.37
12.89
10.82
10.39
9.30
9.81
10.44
19.43
21.49
18.75
14.28
13.81
13.62
13.38
12.88
12.83
12.40
11.56
11.43
11.40
11.26
12.62
13.26
10.14
11.00
8.94
19.62
17.61
15.82
23.80
18.89
16.76
16.00
14.27
13.85
13.62
13.36
12.87
12.84
12.43
57 Balance Sheet
(` per unit)
Closing
14.06
13.79
13.28
11.23
13.89
19.54
23.24
23.41
10.64
10.12
86.12
49.72
21.91
17.77
14.64
14.09
13.48
13.27
11.79
13.68
13.01
13.58
19.65
13.09
35.94
27.79
11.35
13.19
16.98
18.33
17.29
18.42
11.68
13.75
87.67
51.65
14.03
12.87
12.97
11.37
12.08
12.73
21.15
22.98
20.23
15.67
14.94
15.07
14.33
13.79
13.74
13.23
12.52
12.39
12.35
12.17
15.50
16.30
11.04
12.80
10.57
21.36
19.13
17.20
25.52
20.43
18.01
17.23
14.93
14.75
14.77
14.34
13.79
13.75
13.29
6. NET ASSET VALUE (NAV): HIGHEST, LOWEST AND CLOSING AT YEAR ENDED MARCH 31, 2014 (CONTD.)
Fund name
Return Guarantee Fund VIII (5 Yrs)
Return Guarantee Fund VIII (10 Yrs)
Return Guarantee Fund IX (5 Yrs)
Return Guarantee Fund IX (10 Yrs)
Return Guarantee Fund X (5 Yrs)
Return Guarantee Fund X (10 Yrs)
Return Guarantee Fund XI (5 Yrs)
Return Guarantee Fund XI (10 Yrs)
RICH Fund
RICH Fund II
RICH Fund III
RICH Fund IV
Secure Plus Fund
Secure Plus Pension Fund
Secure Save Builder Fund
Secure Save Guarantee Fund
SFIN
ULIF 103 12/10/10 LRGF(T8) 105
ULIF 104 12/10/10 LRGF(S1) 105
ULIF 106 22/12/10 LRGF(T9) 105
ULIF 107 22/12/10 LRGF(S2) 105
ULIF 111 13/01/11 LRGF(T10) 105
ULIF 112 13/01/11 LRGF(S3) 105
ULIF 120 17/03/11 LRGF(T11) 105
ULIF 121 19/04/11 LRGF(S4) 105
ULIF 048 17/03/08 LRICH1 105
ULIF 049 17/03/08 LRICH2 105
ULIF 050 17/03/08 LRICH3 105
ULIF 051 17/03/08 LRICH4 105
ULIF 007 11/08/03 LSecPlus 105
ULIF 009 17/11/03 PSecPlus 105
ULIF 077 29/05/09 LSSavBuil 105
ULIF 076 29/05/09 LSSavGtee 105
Highest
11.85
11.53
11.76
11.47
11.87
11.42
11.69
11.13
11.60
12.16
11.61
12.13
17.81
17.31
12.18
12.30
(` per unit)
Closing
12.65
12.48
12.61
12.41
12.67
12.39
12.52
12.06
14.87
15.64
14.87
15.62
19.70
19.05
14.28
13.68
12.18
34.71
23.95
16.07
14.44
9.18
17.55
10.85
9.87
13.16
14.21
13.04
12.58
12.90
13.44
12.90
11.52
24.40
16.79
15.10
19.27
16.61
15.21
14.26
17.39
14.79
19.06
31.83
14.08
12.05
11.63
12.65
10.65
10.57
12.19
11.78
17.98
10.77
14.34
15.64
17.59
17.42
12.77
13.36
13.10
12.77
12.59
12.44
12.04
(` per unit)
Closing
13.25
38.55
26.89
17.87
16.21
10.61
19.44
11.79
11.49
14.87
16.26
14.71
14.41
15.24
15.83
15.24
13.53
26.88
18.30
16.61
21.49
18.46
16.68
15.80
18.89
16.05
21.15
36.61
15.50
13.72
12.63
13.66
11.63
11.57
13.15
12.79
19.56
11.83
16.24
17.74
20.42
20.50
13.96
14.94
14.20
13.86
13.66
13.47
13.08
Lowest
12.65
12.82
12.61
12.78
12.67
12.76
12.52
12.55
14.87
15.64
14.87
15.62
19.70
19.05
14.28
13.68
NET ASSET VALUE (NAV): HIGHEST, LOWEST AND CLOSING AT YEAR ENDED MARCH 31, 2013
Fund name
Anmol Nivesh Fund
Balancer Fund
Balancer Fund II
Balancer Fund III
Balancer Fund IV
Bluechip Fund
Cash Plus Fund
Discontinued Fund - Life
Dynamic P/E Fund
Flexi Balanced Fund
Flexi Balanced Fund II
Flexi Balanced Fund III
Flexi Balanced Fund IV
Flexi Growth Fund
Flexi Growth Fund II
Flexi Growth Fund III
Flexi Growth Fund IV
Group Balanced Fund
Group Capital Guarantee Balanced Fund
Group Capital Guarantee Balanced Fund II
Group Capital Guarantee Debt Fund
Group Capital Guarantee Debt Fund II
Group Capital Guarantee Growth Fund
Group Capital Guarantee Growth Fund II
Group Capital Guarantee Short Term Debt Fund
Group Capital Guarantee Short Term Debt Fund II
Group Debt Fund
Group Growth Fund
Group Leave Encashment Balance Fund
Group Leave Encashment Income Fund
Group Leave Encashment Short Term Fund
Group Return Guarantee Fund
Group Return Guarantee Fund - S5
Group Return Guarantee Fund - S7
Group Return Guarantee Fund II
Group Return Guarantee Fund III
Group Short Term Debt Fund
Group Superannuation Corporate Bond Fund
Health Balancer Fund
Health Flexi Balanced Fund
Health Flexi Growth Fund
Health Multiplier Fund
Health Preserver Fund
Health Protector Fund
Health Return Guarantee Fund
Health Return Guarantee Fund II
Health Return Guarantee Fund III
Health Return Guarantee Fund IV
Health Return Guarantee Fund V
59 Schedules
SFIN
ULIF 072 28/04/09 LAnmolNiv 105
ULIF 002 22/10/01 LBalancer1 105
ULIF 014 17/05/04 LBalancer2 105
ULIF 023 13/03/06 LBalancer3 105
ULIF 039 27/08/07 LBalancer4 105
ULIF 087 24/11/09 LBluChip 105
ULIF 008 11/08/03 LCashPlus 105
ULIF 100 01/07/10 LDiscont 105
ULIF 097 11/01/10 LDynmicPE 105
ULIF 031 20/03/07 LFlexiBal1 105
ULIF 032 20/03/07 LFlexiBal2 105
ULIF 033 20/03/07 LFlexiBal3 105
ULIF 040 27/08/07 LFlexiBal4 105
ULIF 026 20/03/07 LFlexiGro1 105
ULIF 027 20/03/07 LFlexiGro2 105
ULIF 028 20/03/07 LFlexiGro3 105
ULIF 038 27/08/07 LFlexiGro4 105
ULGF 001 03/04/03 GBalancer 105
ULGF 006 03/10/05 GCGBal1 105
ULGF 010 21/03/07 GCGBal2 105
ULGF 007 28/10/05 GCGDebt1 105
ULGF 011 21/03/07 GCGDebt2 105
ULGF 008 11/12/06 GCGGrowth1 105
ULGF 012 05/07/07 GCGGrowth2 105
ULGF 005 24/02/04 GCGSTDebt1 105
ULGF 009 16/03/07 GCGSTDebt2 105
ULGF 002 03/04/03 GDebt 105
ULGF 004 30/10/03 GGrowth 105
ULGF 013 02/04/08 GLEBal 105
ULGF 014 02/04/08 GLEIncome 105
ULGF 024 26/02/10 GLEST 105
ULGF 021 10/02/09 GRGF1 105
ULGF 026 14/03/11 GRGFS5 105
ULGF 028 01/07/11 GRGFS7 105
ULGF 022 30/03/09 GRGF2 105
ULGF 023 16/06/09 GRGF3 105
ULGF 003 03/04/03 GSTDebt 105
ULGF 015 22/12/08 GSACorBon 105
ULIF 059 15/01/09 HBalancer 105
ULIF 060 15/01/09 HFlexiBal 105
ULIF 057 15/01/09 HFlexiGro 105
ULIF 058 15/01/09 HMultip 105
ULIF 056 15/01/09 HPreserv 105
ULIF 061 15/01/09 HProtect 105
ULIF 062 15/01/09 HRGF1 105
ULIF 065 29/01/09 HRGF2 105
ULIF 068 26/02/09 HRGF3 105
ULIF 071 31/03/09 HRGF4 105
ULIF 075 29/04/09 HRGF5 105
Highest
Lowest
13.25
39.39
27.38
18.26
16.48
11.25
19.44
11.79
12.19
15.44
16.82
15.27
14.90
16.21
16.77
16.17
14.32
27.07
18.45
16.73
21.49
18.46
17.02
16.11
18.89
16.05
21.15
37.67
15.60
13.72
12.63
13.66
11.63
11.57
13.15
12.79
19.56
11.83
16.48
18.22
21.54
21.69
13.96
14.94
14.20
13.86
13.66
13.47
13.08
101 Annexures
193
NET ASSET VALUE (NAV): HIGHEST, LOWEST AND CLOSING AT YEAR ENDED MARCH 31, 2013 (CONTD.)
Fund name
Health Return Guarantee Fund VI
Health Return Guarantee Fund VII
Highest NAV Fund B
Income Fund
Invest Shield Cash Fund
Invest Shield Fund - Life
Invest Shield Fund - Pension
Maximiser Fund
Maximiser Fund II
Maximiser Fund III
Maximiser Fund IV
Maximiser Fund V
Money Market Fund
Multi Cap Balanced Fund
Multi Cap Growth Fund
Multiplier Fund
Multiplier Fund II
Multiplier Fund III
Multiplier Fund IV
New Invest Shield Balanced Fund
Opportunities Fund
Pension Balancer Fund
Pension Balancer Fund II
Pension Bluechip Fund
Pension Dynamic P/E Fund
Pension Flexi Balanced Fund
Pension Flexi Balanced Fund II
Pension Flexi Growth Fund
Pension Flexi Growth Fund II
Pension Growth Fund
Pension Income Fund
Pension Maximiser Fund
Pension Maximiser Fund II
Pension Money Market Fund
Pension Multi Cap Balanced Fund
Pension Multi Cap Growth Fund
Pension Multiplier Fund
Pension Multiplier Fund II
Pension Opportunities Fund
Pension Preserver Fund
Pension Protector Fund
Pension Protector Fund II
Pension Return Guarantee Fund
Pension Return Guarantee Fund II
Pension Return Guarantee Fund III
Pension Return Guarantee Fund IV
Pension Return Guarantee Fund V
Pension Return Guarantee Fund VI
Pension Return Guarantee Fund VII
Pension Return Guarantee Fund VIII
Pension Return Guarantee Fund IX (10 Yrs)
Pension Return Guarantee Fund X (10 Yrs)
Pension Return Guarantee Fund XI (10 Yrs)
Pension RICH Fund
Pension RICH Fund II
Pension Secure Fund
Pinnacle Fund
Pinnacle Fund II
Preserver Fund
Preserver Fund III
Preserver Fund IV
Protector Fund
Protector Fund II
Protector Fund III
Protector Fund IV
Return Guarantee Fund
Return Guarantee Fund II
Return Guarantee Fund III
Return Guarantee Fund IV
Return Guarantee Fund V
Return Guarantee Fund VI
Return Guarantee Fund VII
Return Guarantee Fund VIII (5 Yrs)
Return Guarantee Fund VIII (10 Yrs)
Return Guarantee Fund IX (5 Yrs)
194
44 Management Report
SFIN
ULIF 080 17/06/09 HRGF6 105
ULIF 084 16/11/09 HRGF7 105
ULIF 116 15/03/11 LHighNavB 105
ULIF 089 24/11/09 LIncome 105
ULIF 020 03/01/05 LInvCash 105
ULIF 018 03/01/05 LInvShld 105
ULIF 019 03/01/05 PInvShld 105
ULIF 001 22/10/01 LMaximis1 105
ULIF 012 17/05/04 LMaximis2 105
ULIF 022 13/03/06 LMaximis3 105
ULIF 037 27/08/07 LMaximis4 105
ULIF 114 15/03/11 LMaximis5 105
ULIF 090 24/11/09 LMoneyMkt 105
ULIF 088 24/11/09 LMCapBal 105
ULIF 085 24/11/09 LMCapGro 105
ULIF 042 22/11/07 LMultip1 105
ULIF 044 25/02/08 LMultip2 105
ULIF 046 25/02/08 LMultip3 105
ULIF 047 25/02/08 LMultip4 105
ULIF 025 21/08/06 LInvShldNw 105
ULIF 086 24/11/09 LOpport 105
ULIF 005 03/05/02 PBalancer1 105
ULIF 015 17/05/04 PBalancer2 105
ULIF 093 11/01/10 PBluChip 105
ULIF 098 11/01/10 PDynmicPE 105
ULIF 034 20/03/07 PFlexiBal1 105
ULIF 035 20/03/07 PFlexiBal2 105
ULIF 029 20/03/07 PFlexiGro1 105
ULIF 030 20/03/07 PFlexiGro2 105
ULIF 127 01/12/11 PGROWTH 105
ULIF 095 11/01/10 PIncome 105
ULIF 004 03/05/02 PMaximis1 105
ULIF 013 17/05/04 PMaximis2 105
ULIF 096 11/01/10 PMoneyMkt 105
ULIF 094 11/01/10 PMCapBal 105
ULIF 091 11/01/10 PMCapGro 105
ULIF 043 25/02/08 PMultip1 105
ULIF 045 25/02/08 PMultip2 105
ULIF 092 11/01/10 POpport 105
ULIF 011 17/05/04 PPreserv 105
ULIF 006 03/05/02 PProtect1 105
ULIF 017 17/05/04 PProtect2 105
ULIF 055 18/12/08 PRGF1 105
ULIF 064 27/01/09 PRGF2 105
ULIF 067 26/02/09 PRGF3 105
ULIF 070 31/03/09 PRGF4 105
ULIF 074 29/04/09 PRGF5 105
ULIF 079 17/06/09 PRGF6 105
ULIF 083 16/11/09 PRGF7 105
ULIF 102 12/10/10 PRGF(S1) 105
ULIF 108 22/12/10 PRGF(S2) 105
ULIF 113 13/01/11 PRGF(S3) 105
ULIF 122 19/04/11 PRGF(S4) 105
ULIF 052 17/03/08 PRICH1 105
ULIF 053 17/03/08 PRICH2 105
ULIF 128 01/12/11 PSECURE 105
ULIF 081 26/10/09 LPinnacle 105
ULIF 105 26/10/10 LPinnacle2 105
ULIF 010 17/05/04 LPreserv1 105
ULIF 021 13/03/06 LPreserv3 105
ULIF 036 27/08/07 LPreserv4 105
ULIF 003 22/10/01 LProtect1 105
ULIF 016 17/05/04 LProtect2 105
ULIF 024 13/03/06 LProtect3 105
ULIF 041 27/08/07 LProtect4 105
ULIF 054 18/12/08 LRGF1 105
ULIF 063 27/01/09 LRGF(T2) 105
ULIF 066 26/02/09 LRGF(T3) 105
ULIF 069 31/03/09 LRGF(T4) 105
ULIF 073 29/04/09 LRGF(T5) 105
ULIF 078 17/06/09 LRGF(T6) 105
ULIF 082 16/11/09 LRGF(T7) 105
ULIF 103 12/10/10 LRGF(T8) 105
ULIF 104 12/10/10 LRGF(S1) 105
ULIF 106 22/12/10 LRGF(T9) 105
54 Revenue Account
Highest
Lowest
12.89
12.37
10.87
13.14
18.58
21.78
21.85
74.58
42.54
18.96
15.19
12.58
12.95
12.18
12.44
11.09
12.71
12.22
12.60
18.13
11.97
34.05
25.93
10.72
11.98
15.80
16.75
16.05
16.85
10.00
12.93
75.30
44.18
12.89
11.60
12.25
10.65
11.13
11.51
19.42
21.62
18.91
14.28
13.81
13.62
13.38
12.88
12.83
12.40
12.12
12.01
12.02
11.86
14.37
14.99
10.13
12.15
9.97
19.62
17.60
15.81
24.23
19.08
17.11
16.28
14.27
13.85
13.61
13.35
12.87
12.83
12.43
11.86
12.09
11.85
11.86
11.38
9.23
11.85
16.78
19.28
19.49
60.15
33.95
15.23
12.13
10.03
11.84
10.31
9.98
8.84
10.11
9.75
10.07
15.81
9.78
30.41
22.94
8.71
9.71
13.66
14.32
12.84
13.40
9.27
11.67
60.25
35.11
11.79
9.86
9.77
8.75
9.10
9.37
17.76
19.65
16.97
13.16
12.73
12.53
12.30
11.83
11.78
11.36
10.77
10.64
10.62
10.43
11.63
11.99
10.00
10.36
8.40
17.93
16.10
14.47
21.92
17.06
15.48
14.63
13.14
12.75
12.53
12.31
11.84
11.81
11.40
10.83
10.77
10.81
57 Balance Sheet
(` per unit)
Closing
12.89
12.37
10.46
13.14
18.58
21.66
21.73
69.45
39.68
17.66
14.21
11.82
12.95
11.81
11.65
10.39
11.99
11.43
11.91
17.82
11.35
33.40
25.52
10.04
11.29
15.33
16.28
15.03
15.78
9.34
12.93
70.55
41.30
12.89
11.25
11.45
10.04
10.46
10.95
19.42
21.62
18.91
14.28
13.81
13.62
13.38
12.88
12.83
12.40
12.10
11.98
11.99
11.83
13.59
14.17
10.13
11.71
9.54
19.62
17.60
15.81
24.23
19.08
17.11
16.28
14.27
13.85
13.61
13.35
12.87
12.83
12.43
11.86
12.07
11.85
NET ASSET VALUE (NAV): HIGHEST, LOWEST AND CLOSING AT YEAR ENDED MARCH 31, 2013 (CONTD.)
Fund name
Return Guarantee Fund IX (10 Yrs)
(Return Guarantee Fund X 5 Yrs)
Return Guarantee Fund X (10 Yrs)
Return Guarantee Fund XI (5 Yrs)
Return Guarantee Fund XI (10 Yrs)
RICH Fund
RICH Fund II
RICH Fund III
RICH Fund IV
Secure Plus Fund
Secure Plus Pension Fund
Secure Save Builder Fund
Secure Save Guarantee Fund
SFIN
ULIF 107 22/12/10 LRGF(S2) 105
ULIF 111 13/01/11 LRGF(T10) 105
ULIF 112 13/01/11 LRGF(S3) 105
ULIF 120 17/03/11 LRGF(T11) 105
ULIF 121 19/04/11 LRGF(S4) 105
ULIF 048 17/03/08 LRICH1 105
ULIF 049 17/03/08 LRICH2 105
ULIF 050 17/03/08 LRICH3 105
ULIF 051 17/03/08 LRICH4 105
ULIF 007 11/08/03 LSecPlus 105
ULIF 009 17/11/03 PSecPlus 105
ULIF 077 29/05/09 LSSavBuil 105
ULIF 076 29/05/09 LSSavGtee 105
Highest
Lowest
12.03
11.88
12.00
11.78
11.79
13.78
14.35
13.77
14.29
18.38
17.79
12.99
12.71
10.64
10.83
10.62
10.73
10.38
11.17
11.60
11.17
11.56
16.66
16.24
11.04
11.37
(` per unit)
Closing
12.00
11.88
11.99
11.78
11.75
12.70
13.27
12.71
13.25
18.23
17.62
12.50
12.48
7. ANNUALISED EXPENSE RATIO AND GROSS INCOME RATIO (INCLUDING UNREALISED GAINS) TO AVERAGE DAILY NET ASSETS OF THE FUND FOR THE YEAR ENDED
MARCH 31, 2014
Fund name
Anmol Nivesh Fund
Balancer Fund
Balancer Fund II
Balancer Fund III
Balancer Fund IV
Bluechip Fund
Cash Plus Fund
Discontinued Fund - Life
Dynamic P/E Fund
Flexi Balanced Fund
Flexi Balanced Fund II
Flexi Balanced Fund III
Flexi Balanced Fund IV
Flexi Growth Fund
Flexi Growth Fund II
Flexi Growth Fund III
Flexi Growth Fund IV
Group Balanced Fund
Group Capital Guarantee Balanced Fund
Group Capital Guarantee Balanced Fund II
Group Capital Guarantee Debt Fund
Group Capital Guarantee Debt Fund II
Group Capital Guarantee Growth Fund
Group Capital Guarantee Growth Fund II
Group Capital Guarantee Short Term Debt Fund
Group Capital Guarantee Short Term Debt Fund II
Group Debt Fund
Group Growth Fund
Group Leave Encashment Balance Fund
Group Leave Encashment Income Fund
Group Leave Encashment Short Term Fund
Group Return Guarantee Fund
Group Return Guarantee Fund - S5
Group Return Guarantee Fund - S7
Group Return Guarantee Fund II
Group Return Guarantee Fund III
Group Short Term Debt Fund
Group Superannuation Corporate Bond Fund
Health Balancer Fund
Health Flexi Balanced Fund
Health Flexi Growth Fund
Health Multiplier Fund
Health Preserver Fund
Health Protector Fund
Health Return Guarantee Fund
Health Return Guarantee Fund II
Health Return Guarantee Fund III
Health Return Guarantee Fund IV
Health Return Guarantee Fund V
Health Return Guarantee Fund VI
Health Return Guarantee Fund VII
Highest NAV Fund B
Income Fund
Invest Shield Cash Fund
Invest Shield Fund - Life
59 Schedules
SFIN
ULIF 072 28/04/09 LAnmolNiv 105
ULIF 002 22/10/01 LBalancer1 105
ULIF 014 17/05/04 LBalancer2 105
ULIF 023 13/03/06 LBalancer3 105
ULIF 039 27/08/07 LBalancer4 105
ULIF 087 24/11/09 LBluChip 105
ULIF 008 11/08/03 LCashPlus 105
ULIF 100 01/07/10 LDiscont 105
ULIF 097 11/01/10 LDynmicPE 105
ULIF 031 20/03/07 LFlexiBal1 105
ULIF 032 20/03/07 LFlexiBal2 105
ULIF 033 20/03/07 LFlexiBal3 105
ULIF 040 27/08/07 LFlexiBal4 105
ULIF 026 20/03/07 LFlexiGro1 105
ULIF 027 20/03/07 LFlexiGro2 105
ULIF 028 20/03/07 LFlexiGro3 105
ULIF 038 27/08/07 LFlexiGro4 105
ULGF 001 03/04/03 GBalancer 105
ULGF 006 03/10/05 GCGBal1 105
ULGF 010 21/03/07 GCGBal2 105
ULGF 007 28/10/05 GCGDebt1 105
ULGF 011 21/03/07 GCGDebt2 105
ULGF 008 11/12/06 GCGGrowth1 105
ULGF 012 05/07/07 GCGGrowth2 105
ULGF 005 24/02/04 GCGSTDebt1 105
ULGF 009 16/03/07 GCGSTDebt2 105
ULGF 002 03/04/03 GDebt 105
ULGF 004 30/10/03 GGrowth 105
ULGF 013 02/04/08 GLEBal 105
ULGF 014 02/04/08 GLEIncome 105
ULGF 024 26/02/10 GLEST 105
ULGF 021 10/02/09 GRGF1 105
ULGF 026 14/03/11 GRGFS5 105
ULGF 028 01/07/11 GRGFS7 105
ULGF 022 30/03/09 GRGF2 105
ULGF 023 16/06/09 GRGF3 105
ULGF 003 03/04/03 GSTDebt 105
ULGF 015 22/12/08 GSACorBon 105
ULIF 059 15/01/09 HBalancer 105
ULIF 060 15/01/09 HFlexiBal 105
ULIF 057 15/01/09 HFlexiGro 105
ULIF 058 15/01/09 HMultip 105
ULIF 056 15/01/09 HPreserv 105
ULIF 061 15/01/09 HProtect 105
ULIF 062 15/01/09 HRGF1 105
ULIF 065 29/01/09 HRGF2 105
ULIF 068 26/02/09 HRGF3 105
ULIF 071 31/03/09 HRGF4 105
ULIF 075 29/04/09 HRGF5 105
ULIF 080 17/06/09 HRGF6 105
ULIF 084 16/11/09 HRGF7 105
ULIF 116 15/03/11 LHighNavB 105
ULIF 089 24/11/09 LIncome 105
ULIF 020 03/01/05 LInvCash 105
ULIF 018 03/01/05 LInvShld 105
101 Annexures
9.45
12.68
12.69
12.17
12.69
15.35
6.49
8.71
17.41
14.25
14.19
14.78
14.30
16.42
16.21
16.05
16.08
10.12
9.00
9.88
10.34
7.88
12.66
12.76
9.21
9.28
7.32
17.14
9.59
10.20
9.43
9.11
7.91
7.51
9.27
7.26
9.45
7.70
11.86
12.32
16.55
14.87
9.20
7.66
9.73
8.77
8.91
9.48
9.08
8.54
8.69
10.25
7.17
6.42
8.47
195
7. ANNUALISED EXPENSE RATIO AND GROSS INCOME RATIO (INCLUDING UNREALISED GAINS) TO AVERAGE DAILY NET ASSETS OF THE FUND FOR THE YEAR ENDED
MARCH 31, 2014 (CONTD.)
Fund name
Invest Shield Fund - Pension
Maximiser Fund
Maximiser Fund II
Maximiser Fund III
Maximiser Fund IV
Maximiser Fund V
Money Market Fund
Multi Cap Balanced Fund
Multi Cap Growth Fund
Multiplier Fund
Multiplier Fund II
Multiplier Fund III
Multiplier Fund IV
New Invest Shield Balanced Fund
Opportunities Fund
Pension Balancer Fund
Pension Balancer Fund II
Pension Bluechip Fund
Pension Dynamic P/E Fund
Pension Flexi Balanced Fund
Pension Flexi Balanced Fund II
Pension Flexi Growth Fund
Pension Flexi Growth Fund II
Pension Income Fund
Pension Maximiser Fund
Pension Maximiser Fund II
Pension Money Market Fund
Pension Multi Cap Balanced Fund
Pension Multi Cap Growth Fund
Pension Multiplier Fund
Pension Multiplier Fund II
Pension Opportunities Fund
Pension Preserver Fund
Pension Protector Fund
Pension Protector Fund II
Pension Return Guarantee Fund
Pension Return Guarantee Fund II
Pension Return Guarantee Fund III
Pension Return Guarantee Fund IV
Pension Return Guarantee Fund IX (10 Yrs)
Pension Return Guarantee Fund V
Pension Return Guarantee Fund VI
Pension Return Guarantee Fund VII
Pension Return Guarantee Fund VIII
Pension Return Guarantee Fund X (10 Yrs)
Pension Return Guarantee Fund XI (10 Yrs)
Pension RICH Fund
Pension RICH Fund II
Pinnacle Fund
Pinnacle Fund II
Preserver Fund
Preserver Fund III
Preserver Fund IV
Protector Fund
Protector Fund II
Protector Fund III
Protector Fund IV
Return Guarantee Fund
Return Guarantee Fund II
Return Guarantee Fund III
Return Guarantee Fund IV
Return Guarantee Fund IX (10 Yrs)
Return Guarantee Fund IX (5 Yrs)
Return Guarantee Fund V
Return Guarantee Fund VI
Return Guarantee Fund VII
Return Guarantee Fund VIII (10 Yrs)
Return Guarantee Fund VIII (5 Yrs)
Return Guarantee Fund X (10 Yrs)
Return Guarantee Fund X (5 Yrs)
Return Guarantee Fund XI (10 Yrs)
Return Guarantee Fund XI (5 Yrs)
RICH Fund
RICH Fund II
196
44 Management Report
SFIN
ULIF 019 03/01/05 PInvShld 105
ULIF 001 22/10/01 LMaximis1 105
ULIF 012 17/05/04 LMaximis2 105
ULIF 022 13/03/06 LMaximis3 105
ULIF 037 27/08/07 LMaximis4 105
ULIF 114 15/03/11 LMaximis5 105
ULIF 090 24/11/09 LMoneyMkt 105
ULIF 088 24/11/09 LMCapBal 105
ULIF 085 24/11/09 LMCapGro 105
ULIF 042 22/11/07 LMultip1 105
ULIF 044 25/02/08 LMultip2 105
ULIF 046 25/02/08 LMultip3 105
ULIF 047 25/02/08 LMultip4 105
ULIF 025 21/08/06 LInvShldNw 105
ULIF 086 24/11/09 LOpport 105
ULIF 005 03/05/02 PBalancer1 105
ULIF 015 17/05/04 PBalancer2 105
ULIF 093 11/01/10 PBluChip 105
ULIF 098 11/01/10 PDynmicPE 105
ULIF 034 20/03/07 PFlexiBal1 105
ULIF 035 20/03/07 PFlexiBal2 105
ULIF 029 20/03/07 PFlexiGro1 105
ULIF 030 20/03/07 PFlexiGro2 105
ULIF 095 11/01/10 PIncome 105
ULIF 004 03/05/02 PMaximis1 105
ULIF 013 17/05/04 PMaximis2 105
ULIF 096 11/01/10 PMoneyMkt 105
ULIF 094 11/01/10 PMCapBal 105
ULIF 091 11/01/10 PMCapGro 105
ULIF 043 25/02/08 PMultip1 105
ULIF 045 25/02/08 PMultip2 105
ULIF 092 11/01/10 POpport 105
ULIF 011 17/05/04 PPreserv 105
ULIF 006 03/05/02 PProtect1 105
ULIF 017 17/05/04 PProtect2 105
ULIF 055 18/12/08 PRGF1 105
ULIF 064 27/01/09 PRGF2 105
ULIF 067 26/02/09 PRGF3 105
ULIF 070 31/03/09 PRGF4 105
ULIF 108 22/12/10 PRGF(S2) 105
ULIF 074 29/04/09 PRGF5 105
ULIF 079 17/06/09 PRGF6 105
ULIF 083 16/11/09 PRGF7 105
ULIF 102 12/10/10 PRGF(S1) 105
ULIF 113 13/01/11 PRGF(S3) 105
ULIF 122 19/04/11 PRGF(S4) 105
ULIF 052 17/03/08 PRICH1 105
ULIF 053 17/03/08 PRICH2 105
ULIF 081 26/10/09 LPinnacle 105
ULIF 105 26/10/10 LPinnacle2 105
ULIF 010 17/05/04 LPreserv1 105
ULIF 021 13/03/06 LPreserv3 105
ULIF 036 27/08/07 LPreserv4 105
ULIF 003 22/10/01 LProtect1 105
ULIF 016 17/05/04 LProtect2 105
ULIF 024 13/03/06 LProtect3 105
ULIF 041 27/08/07 LProtect4 105
ULIF 054 18/12/08 LRGF1 105
ULIF 063 27/01/09 LRGF(T2) 105
ULIF 066 26/02/09 LRGF(T3) 105
ULIF 069 31/03/09 LRGF(T4) 105
ULIF 107 22/12/10 LRGF(S2) 105
ULIF 106 22/12/10 LRGF(T9) 105
ULIF 073 29/04/09 LRGF(T5) 105
ULIF 078 17/06/09 LRGF(T6) 105
ULIF 082 16/11/09 LRGF(T7) 105
ULIF 104 12/10/10 LRGF(S1) 105
ULIF 103 12/10/10 LRGF(T8) 105
ULIF 112 13/01/11 LRGF(S3) 105
ULIF 111 13/01/11 LRGF(T10) 105
ULIF 121 19/04/11 LRGF(S4) 105
ULIF 120 17/03/11 LRGF(T11) 105
ULIF 048 17/03/08 LRICH1 105
ULIF 049 17/03/08 LRICH2 105
54 Revenue Account
57 Balance Sheet
8.91
24.40
24.72
24.50
24.45
26.51
9.33
15.78
15.70
15.22
15.02
15.96
14.96
11.24
16.31
9.65
9.68
13.93
16.97
12.78
13.01
16.61
17.09
7.25
24.29
24.47
9.38
15.15
14.16
15.18
16.07
16.62
9.40
7.52
7.18
8.96
9.18
8.68
8.57
5.01
8.58
8.47
8.12
5.17
4.64
4.42
15.53
15.55
10.48
12.80
9.36
9.20
9.29
6.49
7.34
6.40
6.47
8.95
8.88
8.78
8.80
4.97
7.93
8.63
8.59
8.36
5.03
8.15
4.96
8.20
4.20
7.78
18.20
18.16
7. ANNUALISED EXPENSE RATIO AND GROSS INCOME RATIO (INCLUDING UNREALISED GAINS) TO AVERAGE DAILY NET ASSETS OF THE FUND FOR THE YEAR ENDED
MARCH 31, 2014 (CONTD.)
Fund name
SFIN
RICH Fund III
ULIF 050 17/03/08 LRICH3 105
RICH Fund IV
ULIF 051 17/03/08 LRICH4 105
Secure Plus Fund
ULIF 007 11/08/03 LSecPlus 105
Secure Plus Pension Fund
ULIF 009 17/11/03 PSecPlus 105
Secure Save Builder Fund
ULIF 077 29/05/09 LSSavBuil 105
Secure Save Guarantee Fund
ULIF 076 29/05/09 LSSavGtee 105
Pension Secure Fund
ULIF 128 01/12/11 PSECURE 105
Pension Growth Fund
ULIF 127 01/12/11 PGROWTH 105
Easy Retirement Balanced Fund*
ULIF 132 02/11/12 ERBF 105
Easy Retirement Secure Fund*
ULIF 133 02/11/12 ERSF 105
Group Capital Guarantee Balanced Fund III*
ULGF 049 27/08/13 GCGBal3 105
Group Capital Guarantee Debt Fund III*
ULGF 048 27/08/13 GCGDebt3 105
Group Capital Guarantee Short Term Debt Fund III*
ULGF 047 27/08/13 GCGSTDebt3 105
Group Balanced Fund II*
ULGF 041 30/04/13 GBalancer2 105
Group Debt Fund II*
ULGF 040 30/04/13 GDebt2 105
Group Growth Fund II*
ULGF 042 30/04/13 GGrowth2 105
Life Growth Fund*
ULIF 134 19/09/13 LGF 105
Life Secure Fund*
ULIF 135 19/09/13 LSF 105
Discontinued Fund-Pension*
ULIF 101 01/07/10 PDiscont 105
Note: * denotes fund in existence for part of the year. In these cases, the ratios have been annualised
ANNUALISED EXPENSE RATIO AND GROSS INCOME RATIO (INCLUDING UNREALISED GAINS) TO AVERAGE DAILY NET ASSETS OF THE FUND FOR THE YEAR ENDED
MARCH 31, 2013
Fund name
Anmol Nivesh Fund
Balancer Fund
Balancer Fund II
Balancer Fund III
Balancer Fund IV
Bluechip Fund
Cash Plus Fund
Discontinued Fund - Life
Dynamic P/E Fund
Flexi Balanced Fund
Flexi Balanced Fund II
Flexi Balanced Fund III
Flexi Balanced Fund IV
Flexi Growth Fund
Flexi Growth Fund II
Flexi Growth Fund III
Flexi Growth Fund IV
Group Balanced Fund
Group Capital Guarantee Balanced Fund
Group Capital Guarantee Balanced Fund II
Group Capital Guarantee Debt Fund
Group Capital Guarantee Debt Fund II
Group Capital Guarantee Growth Fund
Group Capital Guarantee Growth Fund II
Group Capital Guarantee Short Term Debt Fund
Group Capital Guarantee Short Term Debt Fund II
Group Debt Fund
Group Growth Fund
Group Leave Encashment Balance Fund
Group Leave Encashment Income Fund
Group Leave Encashment Short Term Fund
Group Return Guarantee Fund
Group Return Guarantee Fund - S5
Group Return Guarantee Fund - S7
Group Return Guarantee Fund II
Group Return Guarantee Fund III
Group Short Term Debt Fund
Group Superannuation Corporate Bond Fund
Health Balancer Fund
Health Flexi Balanced Fund
Health Flexi Growth Fund
Health Multiplier Fund
Health Preserver Fund
Health Protector Fund
Health Return Guarantee Fund
Health Return Guarantee Fund II
Health Return Guarantee Fund III
Health Return Guarantee Fund IV
Health Return Guarantee Fund V
59 Schedules
SFIN
ULIF 072 28/04/09 LAnmolNiv 105
ULIF 002 22/10/01 LBalancer1 105
ULIF 014 17/05/04 LBalancer2 105
ULIF 023 13/03/06 LBalancer3 105
ULIF 039 27/08/07 LBalancer4 105
ULIF 087 24/11/09 LBluChip 105
ULIF 008 11/08/03 LCashPlus 105
ULIF 100 01/07/10 LDiscont 105
ULIF 097 11/01/10 LDynmicPE 105
ULIF 031 20/03/07 LFlexiBal1 105
ULIF 032 20/03/07 LFlexiBal2 105
ULIF 033 20/03/07 LFlexiBal3 105
ULIF 040 27/08/07 LFlexiBal4 105
ULIF 026 20/03/07 LFlexiGro1 105
ULIF 027 20/03/07 LFlexiGro2 105
ULIF 028 20/03/07 LFlexiGro3 105
ULIF 038 27/08/07 LFlexiGro4 105
ULGF 001 03/04/03 GBalancer 105
ULGF 006 03/10/05 GCGBal1 105
ULGF 010 21/03/07 GCGBal2 105
ULGF 007 28/10/05 GCGDebt1 105
ULGF 011 21/03/07 GCGDebt2 105
ULGF 008 11/12/06 GCGGrowth1 105
ULGF 012 05/07/07 GCGGrowth2 105
ULGF 005 24/02/04 GCGSTDebt1 105
ULGF 009 16/03/07 GCGSTDebt2 105
ULGF 002 03/04/03 GDebt 105
ULGF 004 30/10/03 GGrowth 105
ULGF 013 02/04/08 GLEBal 105
ULGF 014 02/04/08 GLEIncome 105
ULGF 024 26/02/10 GLEST 105
ULGF 021 10/02/09 GRGF1 105
ULGF 026 14/03/11 GRGFS5 105
ULGF 028 01/07/11 GRGFS7 105
ULGF 022 30/03/09 GRGF2 105
ULGF 023 16/06/09 GRGF3 105
ULGF 003 03/04/03 GSTDebt 105
ULGF 015 22/12/08 GSACorBon 105
ULIF 059 15/01/09 HBalancer 105
ULIF 060 15/01/09 HFlexiBal 105
ULIF 057 15/01/09 HFlexiGro 105
ULIF 058 15/01/09 HMultip 105
ULIF 056 15/01/09 HPreserv 105
ULIF 061 15/01/09 HProtect 105
ULIF 062 15/01/09 HRGF1 105
ULIF 065 29/01/09 HRGF2 105
ULIF 068 26/02/09 HRGF3 105
ULIF 071 31/03/09 HRGF4 105
ULIF 075 29/04/09 HRGF5 105
101 Annexures
9.58
10.33
10.28
10.68
10.33
4.43
11.67
8.75
8.18
9.99
9.96
9.69
10.08
10.60
9.81
10.87
9.82
10.61
10.66
11.06
12.98
11.91
10.44
10.38
9.67
9.80
11.71
11.07
10.55
14.41
9.79
9.65
10.60
10.93
10.00
10.16
9.91
10.69
11.05
9.55
7.70
5.92
9.81
11.93
9.70
9.74
9.65
9.54
9.86
197
ANNUALISED EXPENSE RATIO AND GROSS INCOME RATIO (INCLUDING UNREALISED GAINS) TO AVERAGE DAILY NET ASSETS OF THE FUND FOR THE YEAR ENDED
MARCH 31, 2013 (CONTD.)
Fund name
Health Return Guarantee Fund VI
Health Return Guarantee Fund VII
Highest NAV Fund B
Income Fund
Invest Shield Cash Fund
Invest Shield Fund - Life
Invest Shield Fund - Pension
Maximiser Fund
Maximiser Fund II
Maximiser Fund III
Maximiser Fund IV
Maximiser Fund V
Money Market Fund
Multi Cap Balanced Fund
Multi Cap Growth Fund
Multiplier Fund
Multiplier Fund II
Multiplier Fund III
Multiplier Fund IV
New Invest Shield Balanced Fund
Opportunities Fund
Pension Balancer Fund
Pension Balancer Fund II
Pension Bluechip Fund
Pension Dynamic P/E Fund
Pension Flexi Balanced Fund
Pension Flexi Balanced Fund II
Pension Flexi Growth Fund
Pension Flexi Growth Fund II
Pension Growth Fund*
Pension Income Fund
Pension Maximiser Fund
Pension Maximiser Fund II
Pension Money Market Fund
Pension Multi Cap Balanced Fund
Pension Multi Cap Growth Fund
Pension Multiplier Fund
Pension Multiplier Fund II
Pension Opportunities Fund
Pension Preserver Fund
Pension Protector Fund
Pension Protector Fund II
Pension Return Guarantee Fund
Pension Return Guarantee Fund II
Pension Return Guarantee Fund III
Pension Return Guarantee Fund IV
Pension Return Guarantee Fund IX (10 Yrs)
Pension Return Guarantee Fund V
Pension Return Guarantee Fund VI
Pension Return Guarantee Fund VII
Pension Return Guarantee Fund VIII
Pension Return Guarantee Fund X (10 Yrs)
Pension Return Guarantee Fund XI (10 Yrs)
Pension RICH Fund
Pension RICH Fund II
Pension Secure Fund*
Pinnacle Fund
Pinnacle Fund II
Preserver Fund
Preserver Fund III
Preserver Fund IV
Protector Fund
Protector Fund II
Protector Fund III
Protector Fund IV
Return Guarantee Fund
Return Guarantee Fund II
Return Guarantee Fund III
Return Guarantee Fund IV
Return Guarantee Fund V
Return Guarantee Fund VI
Return Guarantee Fund VII
Return Guarantee Fund VIII (5 Yrs)
198
44 Management Report
SFIN
ULIF 080 17/06/09 HRGF6 105
ULIF 084 16/11/09 HRGF7 105
ULIF 116 15/03/11 LHighNavB 105
ULIF 089 24/11/09 LIncome 105
ULIF 020 03/01/05 LInvCash 105
ULIF 018 03/01/05 LInvShld 105
ULIF 019 03/01/05 PInvShld 105
ULIF 001 22/10/01 LMaximis1 105
ULIF 012 17/05/04 LMaximis2 105
ULIF 022 13/03/06 LMaximis3 105
ULIF 037 27/08/07 LMaximis4 105
ULIF 114 15/03/11 LMaximis5 105
ULIF 090 24/11/09 LMoneyMkt 105
ULIF 088 24/11/09 LMCapBal 105
ULIF 085 24/11/09 LMCapGro 105
ULIF 042 22/11/07 LMultip1 105
ULIF 044 25/02/08 LMultip2 105
ULIF 046 25/02/08 LMultip3 105
ULIF 047 25/02/08 LMultip4 105
ULIF 025 21/08/06 LInvShldNw 105
ULIF 086 24/11/09 LOpport 105
ULIF 005 03/05/02 PBalancer1 105
ULIF 015 17/05/04 PBalancer2 105
ULIF 093 11/01/10 PBluChip 105
ULIF 098 11/01/10 PDynmicPE 105
ULIF 034 20/03/07 PFlexiBal1 105
ULIF 035 20/03/07 PFlexiBal2 105
ULIF 029 20/03/07 PFlexiGro1 105
ULIF 030 20/03/07 PFlexiGro2 105
ULIF 127 01/12/11 PGROWTH 105
ULIF 095 11/01/10 PIncome 105
ULIF 004 03/05/02 PMaximis1 105
ULIF 013 17/05/04 PMaximis2 105
ULIF 096 11/01/10 PMoneyMkt 105
ULIF 094 11/01/10 PMCapBal 105
ULIF 091 11/01/10 PMCapGro 105
ULIF 043 25/02/08 PMultip1 105
ULIF 045 25/02/08 PMultip2 105
ULIF 092 11/01/10 POpport 105
ULIF 011 17/05/04 PPreserv 105
ULIF 006 03/05/02 PProtect1 105
ULIF 017 17/05/04 PProtect2 105
ULIF 055 18/12/08 PRGF1 105
ULIF 064 27/01/09 PRGF2 105
ULIF 067 26/02/09 PRGF3 105
ULIF 070 31/03/09 PRGF4 105
ULIF 108 22/12/10 PRGF(S2) 105
ULIF 074 29/04/09 PRGF5 105
ULIF 079 17/06/09 PRGF6 105
ULIF 083 16/11/09 PRGF7 105
ULIF 102 12/10/10 PRGF(S1) 105
ULIF 113 13/01/11 PRGF(S3) 105
ULIF 122 19/04/11 PRGF(S4) 105
ULIF 052 17/03/08 PRICH1 105
ULIF 053 17/03/08 PRICH2 105
ULIF 128 01/12/11 PSECURE 105
ULIF 081 26/10/09 LPinnacle 105
ULIF 105 26/10/10 LPinnacle2 105
ULIF 010 17/05/04 LPreserv1 105
ULIF 021 13/03/06 LPreserv3 105
ULIF 036 27/08/07 LPreserv4 105
ULIF 003 22/10/01 LProtect1 105
ULIF 016 17/05/04 LProtect2 105
ULIF 024 13/03/06 LProtect3 105
ULIF 041 27/08/07 LProtect4 105
ULIF 054 18/12/08 LRGF1 105
ULIF 063 27/01/09 LRGF(T2) 105
ULIF 066 26/02/09 LRGF(T3) 105
ULIF 069 31/03/09 LRGF(T4) 105
ULIF 073 29/04/09 LRGF(T5) 105
ULIF 078 17/06/09 LRGF(T6) 105
ULIF 082 16/11/09 LRGF(T7) 105
ULIF 103 12/10/10 LRGF(T8) 105
54 Revenue Account
57 Balance Sheet
9.79
9.99
9.01
11.47
11.62
11.66
10.82
7.38
7.69
7.58
8.87
4.25
9.74
10.10
7.57
9.53
9.35
9.16
9.43
10.85
8.22
8.29
8.24
4.21
8.39
9.76
9.68
9.90
9.63
(34.59)
11.71
9.30
8.69
9.76
10.07
8.01
3.65
2.92
9.42
9.82
11.29
11.65
9.94
9.80
9.99
10.07
12.48
10.13
10.21
10.46
12.30
12.56
12.73
9.44
9.51
6.89
9.48
7.64
9.87
9.77
9.67
11.74
12.13
11.77
11.57
9.94
10.00
10.00
9.94
10.04
9.92
10.31
10.72
ANNUALISED EXPENSE RATIO AND GROSS INCOME RATIO (INCLUDING UNREALISED GAINS) TO AVERAGE DAILY NET ASSETS OF THE FUND FOR THE YEAR ENDED
MARCH 31, 2013 (CONTD.)
Fund name
SFIN
Return Guarantee Fund VIII (10 Yrs)
ULIF 104 12/10/10 LRGF(S1) 105
Return Guarantee Fund IX (5 Yrs)
ULIF 106 22/12/10 LRGF(T9) 105
Return Guarantee Fund IX (10 Yrs)
ULIF 107 22/12/10 LRGF(S2) 105
Return Guarantee Fund X (5 Yrs)
ULIF 111 13/01/11 LRGF(T10) 105
Return Guarantee Fund X (10 Yrs)
ULIF 112 13/01/11 LRGF(S3) 105
Return Guarantee Fund XI (5 Yrs)
ULIF 120 17/03/11 LRGF(T11) 105
Return Guarantee Fund XI (10 Yrs)
ULIF 121 19/04/11 LRGF(S4) 105
RICH Fund
ULIF 048 17/03/08 LRICH1 105
RICH Fund II
ULIF 049 17/03/08 LRICH2 105
RICH Fund III
ULIF 050 17/03/08 LRICH3 105
RICH Fund IV
ULIF 051 17/03/08 LRICH4 105
Secure Plus Fund
ULIF 007 11/08/03 LSecPlus 105
Secure Plus Pension Fund
ULIF 009 17/11/03 PSecPlus 105
Secure Save Builder Fund
ULIF 077 29/05/09 LSSavBuil 105
Secure Save Guarantee Fund
ULIF 076 29/05/09 LSSavGtee 105
Note: * denotes fund in existence for part of the year. In these cases, the ratios have been annualized
9. FUND-WISE DISCLOSURE OF APPRECIATION AND/OR DEPRECIATION IN VALUE OF THE INVESTMENTS SEGREGATED ASSETS CLASS WISE FOR THE YEAR ENDED MARCH
31, 2014
(` 000)
Fund name
SFIN
59 Schedules
Equity
204,624
2,702,997
80,378
59,706
3,851
21,277
787,759
469,419
1,437
543,396
1,455
33,385
1,308
3,029
338,859
18,535
581,322
10,468
19,338
368,986
23,969
-
Government
securities
(50,119)
(738)
(449)
(23)
(155)
(258)
(2,901)
2
(1,290)
(41)
(80)
(24,769)
(44,175)
(1,703)
19
(7,322)
(210)
(218)
(173)
(9)
(4)
101 Annexures
Total
204,705
2,649,838
75,424
56,862
3,731
20,653
795,845
471,217
1,644
545,000
206
13,574
(46)
(5,402)
38
611
1,088
2,229
228,070
(163,861)
2,296
6,506
(459)
231
(1,200)
1
(13,416)
(269)
(3,588)
(26,661)
549,730
10,094
(4,429)
19,157
370,560
27
23,992
(35)
(229)
(217)
(14)
(8)
199
9. FUND-WISE DISCLOSURE OF APPRECIATION AND/OR DEPRECIATION IN VALUE OF THE INVESTMENTS SEGREGATED ASSETS CLASS WISE FOR THE YEAR ENDED MARCH
31, 2014 (Contd.)
(` 000)
Fund name
SFIN
200
44 Management Report
Government
securities
Equity
55,267
375,963
136,476
8,090
40,828
3,767,820
872,315
135,901
40,603
1,013,599
201,968
1,526,989
120,893
84,656
198
36,139
129,453
431,455
190,698
1,909,297
610,125
381,874
79,835
92,568
1,102,858
822,030
51,358
776,151
479,220
1,925,701
11,093
212,108
269,099
410,281
1,600,585
179,503
1,034,693
375,395
215,225
610,889
-
54 Revenue Account
(2)
(4,482)
(4,128)
(9,779)
(3,148)
(222)
(824)
(3,667)
1,334
(239)
(2,831)
(1,725)
(2,770)
(25,361)
(1,141)
(1,256)
(37,399)
(98,165)
(27,950)
(233,729)
(838)
(6,738)
(10,238)
(42,287)
(8,901)
(1,751)
(997)
(209)
(1,020)
(404)
(238)
-
57 Balance Sheet
Total
(2)
(54,556)
41,760
300,095
116,253
6,249
36,697
(70,731)
(24,748)
(4,751)
(31,098)
(3,923)
573
3,767,852
872,289
135,895
40,905
1,015,523
79
217
(889)
209,878
1,526,969
120,902
84,656
192
39,238
(9,424)
129,217
431,626
190,134
1,889,329
614,795
379,675
76,184
101,526
1,113,090
822,050
(1,591)
(37,411)
677,988
451,315
1,687,698
(23,978)
166,656
149,473
(118,120)
(8,856)
410,723
1,597,545
192,260
1,034,713
375,411
217,033
3,961
594,707
(2,261)
(1,084)
(11,017)
(18,098)
(6,892)
(739)
(1,360)
6,572
(3,896)
(2,310)
1,804
(653)
(2,426)
(11,223)
(8,033)
9. FUND-WISE DISCLOSURE OF APPRECIATION AND/OR DEPRECIATION IN VALUE OF THE INVESTMENTS SEGREGATED ASSETS CLASS WISE FOR THE YEAR ENDED MARCH
31, 2014 (Contd.)
(` 000)
Fund name
SFIN
Equity
705,365
968,960
37,197
482,951
3,890
8,351
16,533
6,451
6,489
39
12
2
19,580
30,850,517
Government
securities
(12,178)
(344)
(749)
(566)
(391)
(1,404)
(27)
(227)
(3,880)
(3,940)
(718)
(367)
(3)
(3)
4
(3)
742
(689,775)
Total
(12,556)
(32,145)
(5,099)
(4,473)
(898)
471
(329)
(303)
(5,550)
(5,634)
(5,931)
(2,977)
789
708,098
969,084
38,551
482,643
2,820
(11,377)
(37,756)
(5,260)
14,439
6,403
6,711
(3)
93
4
1
83
(3)
40
20,577
742
29,126,387
FUND-WISE DISCLOSURE OF APPRECIATION AND/OR DEPRECIATION IN VALUE OF THE INVESTMENTS SEGREGATED ASSETS CLASS WISE FOR THE YEAR ENDED MARCH 31,
2013
(` 000))
Fund name
SFIN
59 Schedules
Equity
50,942
1,095,226
(17,076)
(8,215)
(934)
(868)
171,876
526,907
31,320
493,293
(104)
(124)
(69)
18
(43,648)
(66)
-
Government
securities
27,653
67
(86)
(11)
(55)
44
717
(27)
(1,236)
1
(4)
3,840
4,935
401
(137)
-
101 Annexures
Total
50,941
1,123,043
(13,366)
(6,284)
(846)
(552)
171,823
526,921
31,312
493,851
90
6,190
(5)
1,364
26
792
(149)
18
(7,927)
68,029
1,869
3,614
434
135
(55,233)
(477)
61,834
2,598
11,564
201
FUND-WISE DISCLOSURE OF APPRECIATION AND/OR DEPRECIATION IN VALUE OF THE INVESTMENTS SEGREGATED ASSETS CLASS WISE FOR THE YEAR ENDED MARCH
31, 2013 (Contd.)
(` 000))
Fund name
SFIN
202
44 Management Report
Government
securities
Equity
47,278
1,831
4,074
112,425
14,984
3,057
(172,712)
(36,678)
(6,284)
(1,489)
(1,561,079)
(205,132)
(114,285)
(28,989)
(15,769)
23,337
496,159
299,615
126,531
5,300
59,323
16,192
202,716
101,796
1,348,984
1,563,797
928,149
30,560
30,729
979,181
149,970
(6,243)
425,985
116,118
470,060
187
99,034
105,886
9,913
(374,102)
40,307
1,005,450
305,667
113,676
442,272
-
54 Revenue Account
1,056
(30)
(1,051)
(24)
(7,069)
288
889
(334)
9
(189)
(9,092)
(5,129)
(245)
(2,944)
(199)
(521)
29,042
91
263
(5,653)
72,256
14,485
49,923
(77)
(514)
980
4,296
(5,321)
171
1,595
183
-
57 Balance Sheet
Total
24,322
58,244
1,959
1,672
4,171
112,437
7
14,984
133
(41)
(234)
(183)
8
5
1
11,178
11,156
(136,325)
(28,397)
(5,355)
(312)
36,636
6,934
1,766
13,200
(842)
(1,561,318)
(205,136)
(114,253)
(28,981)
(15,758)
1,091
58
15
24,708
496,158
299,628
126,543
5,298
59,333
561
25,520
202,695
101,782
1,378,586
1,563,725
928,189
32,404
33,032
979,187
149,974
(6,239)
32,194
498,234
130,605
520,053
1,065
117,945
133,840
83,451
35,285
9,919
(373,898)
42,943
1,005,451
305,664
113,658
552
442,267
17,867
3,096
262
(8,389)
(5,103)
FUND-WISE DISCLOSURE OF APPRECIATION AND/OR DEPRECIATION IN VALUE OF THE INVESTMENTS SEGREGATED ASSETS CLASS WISE FOR THE YEAR ENDED MARCH
31, 2013 (Contd.)
(` 000))
Fund name
SFIN
Equity
626,350
617,361
38,892
247,618
1,474
2,906
2,167
845
10,993,872
Government
securities
2,120
581
(312)
4,202
607
1,525
1,756
(6)
(25)
(71)
(3,240)
67
(4)
180,437
Total
8,196
5,223
7,353
15,478
4,604
1,353
1,675
(307)
4,371
58,608
11,032
29,815
847
104
318
4,503
1,425
1,743
907
22,809
6,066
32,113
3,921
626,348
617,373
38,887
247,632
1,541
3,234
13,243
22,477
3,443
1,212
11,980,043
10. INDUSTRY WISE DISCLOSURE OF INVESTMENTS (WITH EXPOSURE OF 10% AND ABOVE):
Industry
Financial and insurance activities
Industry
Financial and insurance activities
59 Schedules
101 Annexures
203
10. INDUSTRY WISE DISCLOSURE OF INVESTMENTS (WITH EXPOSURE OF 10% AND ABOVE): (Contd.)
Industry
204
44 Management Report
54 Revenue Account
57 Balance Sheet
Industry
Housing
Housing total
Others
Net current assets
Grand total
Industry
Financial and insurance activities
59 Schedules
101 Annexures
205
Industry
Industry
Financial and insurance activities
206
44 Management Report
1,197,298
2,531,061
85,330
3,813,689
31.39%
66.37%
2.24%
100.00%
54 Revenue Account
57 Balance Sheet
37.60%
59.49%
2.92%
100.00%
Industry
Industry
Financial and insurance activities
59 Schedules
101 Annexures
207
Industry
Industry
Financial and insurance activities
Equity
Equity
Equity
Industry
Financial and insurance activities
208
44 Management Report
89,981
29,342
6,271
292,620
3.85%
1.26%
0.27%
12.53%
16,640
21,981
62,280
199,029
1.00%
1.32%
3.74%
11.95%
1,447,939
26,929
2,335,001
62.01%
1.15%
100.00%
1,049,342
33,937
1,664,969
63.02%
2.04%
100.00%
54 Revenue Account
57 Balance Sheet
Industry
59 Schedules
101 Annexures
209
Industry
Housing total
Others
Net current assets
Grand total
Industry
Financial and insurance activities
210
44 Management Report
54 Revenue Account
57 Balance Sheet
Industry
Housing
Housing total
Telecommunications
Telecommunications total
Others
Net current assets
Grand total
Industry
Financial and insurance activities
Industry
Financial and insurance activities
Industry
Financial and insurance activities
59 Schedules
13,025,908
233,720
21,113,977
61.69%
1.11%
100.00%
10,530,882
351,280
17,051,439
61.76%
2.06%
100.00%
101 Annexures
211
Industry
Financial and insurance activities
212
44 Management Report
54 Revenue Account
57 Balance Sheet
Industry
Financial and insurance activities
59 Schedules
101 Annexures
213
Industry
Financial and insurance activities
Industry
Financial and insurance activities
214
44 Management Report
54 Revenue Account
57 Balance Sheet
Industry
Industry
Financial and insurance activities
Equity
Equity
Equity
Equity
Equity
Equity
59 Schedules
390,831
351,608
339,881
312,673
92,394
75,900
1,563,287
2.27%
2.04%
1.97%
1.81%
0.54%
0.44%
9.07%
712,350
599,001
517,565
287,517
104,286
129,025
2,349,744
3.37%
2.83%
2.45%
1.36%
0.49%
0.61%
11.11%
9,694,696
(3,739)
17,229,081
56.27%
-0.02%
100.00%
11,370,635
38,841
21,155,256
53.75%
0.18%
100.00%
101 Annexures
215
Industry
Financial and insurance activities
Equity
Equity
Equity
Equity
Equity
Equity
Industry
Financial and insurance activities
216
44 Management Report
314,818
279,039
243,143
161,407
59,210
43,304
1,100,921
3.02%
2.68%
2.34%
1.55%
0.57%
0.42%
10.58%
379,109
363,070
279,197
144,922
71,460
48,878
1,286,636
3.25%
3.11%
2.39%
1.24%
0.61%
0.42%
11.02%
5,409,587
175,087
10,408,118
51.97%
1.68%
100.00%
6,293,751
3,614
11,673,166
53.92%
0.03%
100.00%
54 Revenue Account
Equity
Equity
Equity
Equity
Equity
Equity
19,365
18,417
17,173
16,864
5,396
77,215
2.25%
2.14%
2.00%
1.96%
0.63%
8.97%
18,060
37,481
28,429
35,015
6,091
3,573
128,649
1.57%
3.26%
2.47%
3.05%
0.53%
0.31%
11.19%
485,845
3,202
860,810
56.44%
0.37%
100.00%
662,814
(1,740)
1,149,636
57.65%
(0.15)%
100.00%
57 Balance Sheet
Industry
Financial and insurance activities
271,245
262,314
214,107
140,418
51,570
36,441
976,095
2.82%
2.73%
2.23%
1.46%
0.54%
0.38%
10.15%
318,529
320,608
254,800
121,956
63,520
41,132
1,120,545
3.01%
3.03%
2.41%
1.15%
0.60%
0.39%
10.60%
5,147,354
(1,211)
9,621,398
53.49%
-0.01%
100.00%
5,694,275
22,237
10,572,705
53.86%
0.21%
100.00%
Industry
59 Schedules
101 Annexures
217
Industry
Industry
Financial and insurance activities
218
44 Management Report
54 Revenue Account
57 Balance Sheet
Industry
Housing total
Others
Net current assets
Grand total
Industry
Financial and insurance activities
59 Schedules
Group Capital Guarantee Balanced Fund - ULGF 006 03/10/05 GCGBal1 105
At March 31, 2014
Security name
Asset type
Market value % of assets
(` 000)
held
9.02% Rural Electrification Corporation Limited 2022
NCD
7,719
8.38%
Indian Bank 2014
CD
3,754
4.08%
Andhra Bank 2014
CD
3,636
3.95%
Bank of Baroda 2015
CD
3,238
3.52%
Power Finance Corporation Limited 2019
FRN
2,016
2.19%
9.77% Tata Sons Limited 2018
NCD
2,004
2.18%
HDFC Bank Limited
Equity
1,325
1.44%
10.30% Kotak Mahindra Prime Limited 2016
NCD
1,003
1.09%
10.75% Shriram Transport Finance Company Limited 2016
NCD
1,002
1.09%
8.35% Indian Railway Finance Corporation Limited 2023
NCD
1,000
1.09%
9.70% Tata Sons Limited 2022
NCD
995
1.08%
Axis Bank Limited 2015
CD
827
0.90%
Corporation Bank 2015
CD
824
0.90%
Housing Development Finance Corporation Limited
Equity
728
0.79%
11.60% Shriram Transport Finance Company Limited 2016
NCD
498
0.54%
Bajaj Finance Limited 2014
CPM
489
0.53%
11.35% Shriram Transport Finance Company Limited 2016
NCD
334
0.36%
Axis Bank Limited
Equity
285
0.31%
Shriram Transport Finance Company Limited
Equity
185
0.20%
Indusind Bank Limited
Equity
146
0.16%
Central Bank of India 2014
CD
93
0.10%
Indian Bank 2013
CD
Indian Overseas Bank 2014
CD
Central Bank of India 2013
CD
State Bank of Mysore 2014
CD
9.15% Axis Bank Limited 2022
NCD
10.00% Infrastructure Development Finance Company Limited 2013
NCD
8.95% Power Finance Corporation Limited 2018
NCD
9.39% LIC Housing Finance Limited 2015
NCD
8.94% Power Finance Corporation Limited 2028
NCD
8.95% HDFC Bank Limited 2022
NCD
7.95% Infrastructure Development Finance Company Limited 2014
NCD
UCO Bank 2014
CD
9.50% Canara Bank 2013
FD
Axis Bank Limited 2013
CD
Corporation Bank 2014
CD
ICICI Bank Limited 2014
CD
Oriental Bank Of Commerce 2014
CD
State Bank of Hyderabad 2014
CD
Bank of Baroda 2014
CD
32,101
34.86%
9.12% LIC Housing Finance Limited 2018
NCD
5,991
6.51%
9.65% Housing Development Finance Corporation Limited 2019
NCD
2,002
2.17%
0% Housing Development Finance Corporation Limited 2017
ZCB
1,222
1.33%
9.60% Housing Development Finance Corporation Limited 2016
NCD
997
1.08%
9.57% LIC Housing Finance Limited 2017
NCD
994
1.08%
9.60% Housing Development Finance Corporation Limited 2014
NCD
9.60% Housing Development Finance Corporation Limited 2017
NCD
9.75% Housing Development Finance Corporation Limited 2016
NCD
9.80% LIC Housing Finance Limited 2015
NCD
11,206
12.17%
45,410
49.31%
3,373
3.66%
92,090
100.00%
Group Capital Guarantee Balanced Fund II - ULGF 010 21/03/07 GCGBal2 105
At March 31, 2014
Security name
Asset type
Market value % of assets
(` 000)
held
Indian Bank 2014
CD
112,631
6.08%
9.83% Bank of India 2015
FD
100,000
5.40%
9.02% Rural Electrification Corporation Limited 2022
NCD
67,542
3.65%
9.76% Canara Bank 2015
FD
60,100
3.24%
Bank of Baroda 2015
CD
45,709
2.47%
9.77% Tata Sons Limited 2018
NCD
31,070
1.68%
Power Finance Corporation Limited 2019
FRN
29,227
1.58%
HDFC Bank Limited
Equity
26,648
1.44%
10.30% Shriram Transport Finance Company Limited 2017
NCD
25,999
1.40%
Axis Bank Limited 2015
CD
17,275
0.93%
Corporation Bank 2015
CD
16,577
0.89%
9.90% Tata Sons Limited 2016
NCD
15,022
0.81%
Housing Development Finance Corporation Limited
Equity
14,545
0.79%
9.27% Power Finance Corporation Limited 2017
NCD
13,939
0.75%
9.67% Tata Sons Limited 2022
NCD
13,906
0.75%
101 Annexures
219
Industry
Housing total
Others
Net current assets
Grand total
220
44 Management Report
Group Capital Guarantee Balanced Fund II - ULGF 010 21/03/07 GCGBal2 105
At March 31, 2014
Security name
Asset type
Market value % of assets
(` 000)
held
10.30% Kotak Mahindra Prime Limited 2016
NCD
12,040
0.65%
10.75% Shriram Transport Finance Company Limited 2016
NCD
12,024
0.65%
9.70% Power Finance Corporation Limited 2018
NCD
10,046
0.54%
8.35% Indian Railway Finance Corporation Limited 2023
NCD
10,003
0.54%
9.30% Axis Bank Limited 2016
FD
10,000
0.54%
11.60% Shriram Transport Finance Company Limited 2016
NCD
9,787
0.53%
Bajaj Finance Limited 2014
CPM
8,800
0.48%
9.70% Tata Sons Limited 2022
NCD
7,961
0.43%
11.35% Shriram Transport Finance Company Limited 2016
NCD
6,561
0.35%
Axis Bank Limited
Equity
6,452
0.35%
8.32% Tata Sons Limited 2023
NCD
4,531
0.24%
Indusind Bank Limited
Equity
3,223
0.17%
9.75% Tata Sons Limited 2016
NCD
2,994
0.16%
9.66% Tata Sons Limited 2017
NCD
2,986
0.16%
8.85% Tata Sons Limited 2018
NCD
2,907
0.16%
Shriram Transport Finance Company Limited
Equity
2,732
0.15%
9.68% Tata Sons Limited 2017
NCD
1,993
0.11%
8.46% India Infrastructure Finance Company Limited 2028
NCD
1,992
0.11%
8.70% Power Finance Corporation Limited 2020
NCD
1,920
0.10%
Central Bank of India 2014
CD
1,769
0.10%
8.95% Power Finance Corporation Limited 2018
NCD
981
0.05%
10.10% Axis Bank Limited 2013
FD
10.68% State Bank of India 2014
FD
9.50% Bank of India 2014
FD
Indian Overseas Bank 2014
CD
Central Bank of India 2013
CD
State Bank of Mysore 2014
CD
8.94% Power Finance Corporation Limited 2028
NCD
8.95% HDFC Bank Limited 2022
NCD
10.00% Infrastructure Development Finance Company Limited 2013
NCD
UCO Bank 2014
CD
7.95% Infrastructure Development Finance Company Limited 2014
NCD
9.25% Rural Electrification Corporation Limited 2017
NCD
ICICI Bank Limited 2014
CD
9.15% Axis Bank Limited 2022
NCD
Axis Bank Limited 2013
CD
Oriental Bank Of Commerce 2014
CD
9.29% Power Finance Corporation Limited 2022
NCD
7.50% Housing Development Finance Corporation Limited 2015
NCD
9.75% LIC Housing Finance Limited 2017
NCD
9.75% LIC Housing Finance Limited 2015
NCD
9.50% LIC Housing Finance Limited 2016
NCD
9.39% LIC Housing Finance Limited 2015
NCD
State Bank of Hyderabad 2014
CD
9.55% Housing Development Finance Corporation Limited 2015
NCD
Bank of Baroda 2014
CD
9.85% Tata Sons Limited 2017
NCD
9.90% LIC Housing Finance Limited 2016
NCD
11.40% Infrastructure Development Finance Company Limited 2013
NCD
9.75% Housing Development Finance Corporation Limited 2014
NCD
711,892
38.43%
9.37% LIC Housing Finance Limited 2014
NCD
59,932
3.24%
9.12% LIC Housing Finance Limited 2018
NCD
51,923
2.80%
Housing Development Finance Corporation Limited 2014
CPM
35,128
1.90%
0% Housing Development Finance Corporation Limited 2017
ZCB
22,766
1.23%
8.60% LIC Housing Finance Limited 2015
NCD
19,683
1.06%
9.70% LIC Housing Finance Limited 2017
NCD
11,980
0.65%
9.57% LIC Housing Finance Limited 2017
NCD
11,930
0.64%
9.60% Housing Development Finance Corporation Limited 2016
NCD
9,973
0.54%
Housing Development Finance Corporation Limited 2016
FRN
8,000
0.43%
9.70% Housing Development Finance Corporation Limited 2016
NCD
7,989
0.43%
9.75% Housing Development Finance Corporation Limited 2016
NCD
5,998
0.32%
9.62% LIC Housing Finance Limited 2017
NCD
5,980
0.32%
9.25% Housing Development Finance Corporation Limited 2016
NCD
2,964
0.16%
9.70% Housing Development Finance Corporation Limited 2017
NCD
1,997
0.11%
9.60% Housing Development Finance Corporation Limited 2017
NCD
1,991
0.11%
9.80% LIC Housing Finance Limited 2015
NCD
0% Housing Development Finance Corporation Limited 2016
ZCB
9.68% Housing Development Finance Corporation Limited 2015
NCD
9.60% Housing Development Finance Corporation Limited 2014
NCD
258,234
13.94%
810,295
43.74%
72,082
3.89%
1,852,503
100.00%
54 Revenue Account
57 Balance Sheet
Industry
Financial and insurance activities
Industry
Financial and insurance activities
Industry
Financial and insurance activities
59 Schedules
Group Capital Guarantee Balanced Fund III - ULGF 049 27/08/13 GCGBal3 105
At March 31, 2014
Security name
Asset type
Market value % of assets
(` 000)
held
9.50% Canara Bank 2019
FD
1,639
53.32%
Axis Bank Limited 2015
CD
183
5.95%
Indian Bank 2014
CD
99
3.22%
HDFC Bank Limited
Equity
49
1.59%
Housing Development Finance Corporation Limited
Equity
44
1.43%
2,014
65.52%
506
16.45%
554
18.03%
3,074
100.00%
Group Capital Guarantee Debt Fund - ULGF 007 28/10/05 GCGDebt1 105
At March 31, 2014
Security name
Asset type
Market value % of assets
(` 000)
held
Bank of Baroda 2015
CD
1,110
5.96%
9.90% Tata Sons Limited 2019
NCD
1,015
5.45%
9.70% Power Finance Corporation Limited 2018
NCD
1,005
5.40%
Axis Bank Limited 2015
CD
550
2.95%
Export-Import Bank of India 2014
CPM
493
2.65%
Power Finance Corporation Limited 2014
CPM
486
2.61%
11.60% Shriram Transport Finance Company Limited 2016
NCD
365
1.96%
11.35% Shriram Transport Finance Company Limited 2016
NCD
338
1.82%
Corporation Bank 2015
CD
183
0.98%
10.50% Shriram Transport Finance Company Limited 2017
NCD
141
0.76%
9.50% IDBI Bank Limited 2013
FD
Indian Bank 2013
CD
9.39% LIC Housing Finance Limited 2015
NCD
Oriental Bank Of Commerce 2014
CD
State Bank of Patiala 2014
CD
Indian Overseas Bank 2014
CD
Punjab National Bank 2013
CD
Corporation Bank 2014
CD
State Bank of Mysore 2014
CD
Axis Bank Limited 2013
CD
State Bank of Patiala 2013
CD
ICICI Bank Limited 2014
CD
State Bank of Hyderabad 2014
CD
UCO Bank 2014
CD
5,686
30.55%
Vodafone India Limited 2014
CPM
6,659
35.77%
6,659
35.77%
5,988
32.17%
281
1.51%
18,614
100.00%
Group Capital Guarantee Debt Fund II - ULGF 011 21/03/07 GCGDebt2 105
At March 31, 2014
Security name
Asset type
Market value % of assets
(` 000)
held
Bank of Baroda 2015
CD
69,766
7.31%
9.67% Canara Bank 2015
FD
60,600
6.35%
Export-Import Bank of India 2014
CPM
55,253
5.79%
Kotak Mahindra Prime Limited 2015
CPM
54,887
5.75%
9.75% Corporation Bank 2015
FD
50,000
5.24%
9.76% Canara Bank 2015
FD
30,000
3.14%
Axis Bank Limited 2015
CD
27,873
2.92%
9.77% Tata Sons Limited 2018
NCD
15,034
1.57%
Power Finance Corporation Limited 2014
CPM
14,578
1.53%
9.00% Infrastructure Development Finance Company Limited 2017
NCD
10,974
1.15%
Corporation Bank 2015
CD
10,258
1.07%
9.30% Axis Bank Limited 2016
FD
10,000
1.05%
Power Finance Corporation Limited 2019
FRN
8,063
0.84%
10.30% Kotak Mahindra Prime Limited 2016
NCD
8,027
0.84%
8.35% Indian Railway Finance Corporation Limited 2023
NCD
7,002
0.73%
9.27% Power Finance Corporation Limited 2017
NCD
6,970
0.73%
9.70% Power Finance Corporation Limited 2018
NCD
6,027
0.63%
9.78% Tata Sons Limited 2019
NCD
6,005
0.63%
9.75% Tata Sons Limited 2016
NCD
5,988
0.63%
9.74% Tata Sons Limited 2024
NCD
5,977
0.63%
Bajaj Finance Limited 2014
CPM
5,866
0.61%
10.50% Shriram Transport Finance Company Limited 2017
NCD
4,768
0.50%
101 Annexures
221
Industry
Industry
Financial and insurance activities
222
44 Management Report
Group Capital Guarantee Debt Fund II - ULGF 011 21/03/07 GCGDebt2 105
At March 31, 2014
Security name
Asset type
Market value % of assets
(` 000)
held
11.60% Shriram Transport Finance Company Limited 2016
NCD
3,766
0.39%
8.32% Tata Sons Limited 2023
NCD
3,625
0.38%
9.90% Tata Sons Limited 2016
NCD
3,004
0.31%
9.67% Tata Sons Limited 2022
NCD
2,980
0.31%
9.38% Rural Electrification Corporation Limited 2018
NCD
2,979
0.31%
0% Bajaj Finance Limited 2015
ZCB
2,782
0.29%
9.70% Tata Sons Limited 2022
NCD
1,990
0.21%
8.70% Power Finance Corporation Limited 2020
NCD
1,920
0.20%
0% Sundaram Finance Limited 2015
ZCB
1,855
0.19%
Central Bank of India 2014
CD
1,118
0.12%
9.68% Tata Sons Limited 2017
NCD
997
0.10%
8.46% India Infrastructure Finance Company Limited 2028
NCD
996
0.10%
9.66% Tata Sons Limited 2017
NCD
995
0.10%
8.95% Power Finance Corporation Limited 2018
NCD
981
0.10%
8.85% Tata Sons Limited 2018
NCD
969
0.10%
9.80% Union Bank of India 2014
FD
9.70% Corporation Bank 2014
FD
9.50% Bank of India 2014
FD
Punjab National Bank 2013
CD
Oriental Bank Of Commerce 2014
CD
Indian Overseas Bank 2014
CD
State Bank of Patiala 2014
CD
Corporation Bank 2014
CD
8.94% Power Finance Corporation Limited 2028
NCD
State Bank of Mysore 2014
CD
ICICI Bank Limited 2014
CD
State Bank of Hyderabad 2014
CD
IDBI Bank Limited 2013
CD
State Bank of Patiala 2013
CD
UCO Bank 2014
CD
9.80% Infrastructure Development Finance Company Limited 2015
NCD
8.95% HDFC Bank Limited 2022
NCD
9.29% Power Finance Corporation Limited 2022
NCD
9.25% Rural Electrification Corporation Limited 2017
NCD
Axis Bank Limited 2013
CD
9.15% Axis Bank Limited 2022
NCD
9.39% LIC Housing Finance Limited 2015
NCD
10.75% Kotak Mahindra Prime Limited 2013
NCD
7.50% Housing Development Finance Corporation Limited 2015
NCD
9.85% Tata Sons Limited 2017
NCD
9.75% LIC Housing Finance Limited 2017
NCD
9.90% LIC Housing Finance Limited 2016
NCD
9.98% Tata Sons Limited 2015
NCD
9.50% LIC Housing Finance Limited 2016
NCD
9.55% Housing Development Finance Corporation Limited 2015
NCD
Bank of Baroda 2014
CD
504,873
52.88%
415,621
43.53%
34,271
3.59%
954,765
100.00%
Group Capital Guarantee Debt Fund III - ULGF 048 27/08/13 GCGDebt3 105
At March 31, 2014
Security name
Asset type
Market value % of assets
(` 000)
held
Axis Bank Limited 2015
CD
2,014
17.27%
9.50% Punjab National Bank 2014
FD
1,357
11.63%
Oriental Bank Of Commerce 2015
CD
1,008
8.64%
9.78% Tata Sons Limited 2019
NCD
1,001
8.58%
Union Bank of India 2014
CD
797
6.83%
Corporation Bank 2015
CD
92
0.78%
6,269
53.73%
4,927
42.23%
471
4.04%
11,667
100.00%
54 Revenue Account
57 Balance Sheet
Industry
Financial and insurance activities
Industry
Financial and insurance activities
59 Schedules
Group Capital Guarantee Growth Fund - ULGF 008 11/12/06 GCGGrowth1 105
At March 31, 2014
Security name
Asset type
Market value % of assets
(` 000)
held
Andhra Bank 2014
CD
2,653
8.66%
Indian Bank 2014
CD
2,473
8.08%
Bank of Baroda 2015
CD
2,128
6.95%
9.02% Rural Electrification Corporation Limited 2022
NCD
1,930
6.30%
Export-Import Bank of India 2014
CPM
1,480
4.83%
HDFC Bank Limited
Equity
1,004
3.28%
9.77% Tata Sons Limited 2018
NCD
1,002
3.27%
Housing Development Finance Corporation Limited
Equity
536
1.75%
Axis Bank Limited
Equity
248
0.81%
Axis Bank Limited 2015
CD
184
0.60%
Corporation Bank 2015
CD
183
0.60%
Indusind Bank Limited
Equity
103
0.34%
11.35% Shriram Transport Finance Company Limited 2016
NCD
62
0.20%
Shriram Transport Finance Company Limited
Equity
19
0.06%
11.60% Shriram Transport Finance Company Limited 2016
NCD
2
0.01%
Indian Bank 2013
CD
State Bank of Travancore 2013
CD
Central Bank of India 2013
CD
UCO Bank 2014
CD
Indian Overseas Bank 2014
CD
Corporation Bank 2014
CD
ICICI Bank Limited 2014
CD
Oriental Bank Of Commerce 2014
CD
State Bank of Hyderabad 2014
CD
14,007
45.74%
15,920
51.98%
697
2.28%
30,624
100.00%
Group Capital Guarantee Growth Fund II - ULGF 012 05/07/07 GCGGrowth2 105
At March 31, 2014
At March 31, 2013
Security name
Asset type
Market value % of assets Market value % of assets
(` 000)
held
(` 000)
held
Bank of Baroda 2015
CD
4,904
7.25%
Indian Bank 2014
CD
4,545
6.72%
9.02% Rural Electrification Corporation Limited 2022
NCD
3,860
5.70%
HDFC Bank Limited
Equity
2,306
3.41%
1,684
2.92%
9.90% Tata Sons Limited 2019
NCD
2,029
3.00%
9.77% Tata Sons Limited 2018
NCD
2,004
2.96%
Housing Development Finance Corporation Limited
Equity
1,205
1.78%
1,789
3.10%
Power Finance Corporation Limited 2019
FRN
1,008
1.49%
1,009
1.75%
9.00% Export-Import Bank of India 2019
NCD
989
1.46%
1,018
1.76%
Axis Bank Limited
Equity
580
0.86%
Axis Bank Limited 2015
CD
459
0.68%
Corporation Bank 2015
CD
458
0.68%
Indusind Bank Limited
Equity
254
0.38%
Shriram Transport Finance Company Limited
Equity
134
0.20%
161
0.28%
11.35% Shriram Transport Finance Company Limited 2016
NCD
112
0.17%
114
0.20%
Central Bank of India 2014
CD
93
0.14%
11.60% Shriram Transport Finance Company Limited 2016
NCD
4
0.01%
4
0.01%
Indian Bank 2013
CD
4,998
8.65%
State Bank of Travancore 2013
CD
4,989
8.64%
Central Bank of India 2013
CD
657
1.14%
Indian Overseas Bank 2014
CD
368
0.64%
ICICI Bank Limited 2014
CD
278
0.48%
UCO Bank 2014
CD
277
0.48%
Corporation Bank 2014
CD
187
0.32%
Oriental Bank Of Commerce 2014
CD
184
0.32%
State Bank of Hyderabad 2014
CD
92
0.16%
24,944
36.87%
17,809
30.83%
40,932
60.50%
39,186
67.85%
1,779
2.63%
761
1.32%
67,655
100.00%
57,756
100.00%
101 Annexures
223
Industry
Financial and insurance activities
Housing total
Others
Net current assets
Grand total
Industry
Financial and insurance activities
224
44 Management Report
Group Capital Guarantee Short Term Debt Fund - ULGF 005 24/02/04 GCGSTDebt1 105
At March 31, 2014
At March 31, 2013
Security name
Asset type
Market value % of assets Market value % of assets
(` 000)
held
(` 000)
held
Oriental Bank Of Commerce 2015
CD
10,718
8.44%
9.76% Canara Bank 2015
FD
10,000
7.87%
10,000
8.95%
9.75% Corporation Bank 2015
FD
10,000
7.87%
Power Finance Corporation Limited 2014
CPM
9,247
7.28%
Bajaj Finance Limited 2014
CPM
8,918
7.02%
Union Bank of India 2015
CD
8,517
6.70%
Indian Overseas Bank 2015
CD
6,618
5.21%
State Bank of Patiala 2014
CD
4,220
3.32%
3,595
3.22%
Bank of Baroda 2014
CD
3,374
2.66%
Axis Bank Limited 2015
CD
3,310
2.61%
Sundaram Finance Limited 2014
CPM
3,282
2.58%
9.00% Infrastructure Development Finance Company Limited 2017
NCD
2,993
2.36%
9.30% Axis Bank Limited 2016
FD
2,500
1.97%
2,500
2.24%
10.00% Sundaram Finance Limited 2014
NCD
2,004
1.58%
Corporation Bank 2014
CD
1,690
1.33%
2,968
2.66%
Export-Import Bank of India 2014
CD
1,685
1.33%
Andhra Bank 2014
CD
1,081
0.85%
State Bank of Patiala 2015
CD
839
0.66%
Central Bank of India 2014
CD
186
0.15%
Bank of Baroda 2015
CD
185
0.15%
9.80% Union Bank of India 2014
FD
10,000
8.95%
10.00% State Bank of Travancore 2013
FD
9,846
8.81%
Kotak Mahindra Prime Limited 2013
CPM
8,510
7.62%
State Bank of Mysore 2013
CD
7,539
6.75%
Power Finance Corporation Limited 2013
CPM
4,485
4.01%
9.45% Shriram Transport Finance Company Limited 2014
NCD
4,021
3.60%
Oriental Bank Of Commerce 2014
CD
3,592
3.21%
IDBI Bank Limited 2013
CD
2,066
1.85%
State Bank of Hyderabad 2014
CD
2,032
1.82%
IDBI Bank Limited 2014
CD
2,030
1.82%
9.87% Infrastructure Development Finance Company Limited 2017
NCD
2,003
1.79%
Axis Bank Limited 2014
CD
1,939
1.74%
ICICI Bank Limited 2014
CD
1,937
1.73%
Corporation Bank 2013
CD
1,897
1.70%
Kotak Mahindra Prime Limited 2014
CPM
1,864
1.67%
Indian Overseas Bank 2014
CD
1,564
1.40%
Punjab National Bank 2013
CD
1,035
0.93%
State Bank of Mysore 2014
CD
1,016
0.91%
9.77% Infrastructure Development Finance Company Limited 2017
NCD
1,006
0.90%
91,367
71.91%
87,445
78.26%
Housing Development Finance Corporation Limited 2014
CPM
7,977
6.28%
9.25% Housing Development Finance Corporation Limited 2016
NCD
3,988
3.14%
LIC Housing Finance Limited 2016
FRN
1,966
1.55%
1,951
1.75%
9.16% LIC Housing Finance Limited 2018
NCD
999
0.79%
9.30% LIC Housing Finance Limited 2016
NCD
999
0.79%
Housing Development Finance Corporation Limited 2013
CPM
4,225
3.78%
15,929
12.54%
6,176
5.53%
16,623
13.09%
15,221
13.62%
3,131
2.46%
2,895
2.59%
127,050
100.00%
111,737
100.00%
Group Capital Guarantee Short Term Debt Fund II - ULGF 009 16/03/07 GCGSTDebt2 105
At March 31, 2014
At March 31, 2013
Security name
Asset type
Market value % of assets Market value % of assets
(` 000)
held
(` 000)
held
9.75% Corporation Bank 2015
FD
280,000
7.35%
9.83% Bank of India 2015
FD
200,000
5.25%
Power Finance Corporation Limited 2014
CPM
197,052
5.17%
Indian Overseas Bank 2015
CD
196,144
5.15%
9.00% Infrastructure Development Finance Company Limited 2017
NCD
126,697
3.32%
State Bank of Patiala 2014
CD
123,423
3.24%
70,882
2.30%
Oriental Bank Of Commerce 2015
CD
122,913
3.22%
9.76% Canara Bank 2015
FD
121,000
3.17%
141,000
4.58%
Kotak Mahindra Prime Limited 2014
CPM
116,365
3.05%
63,361
2.06%
Union Bank of India 2015
CD
110,716
2.90%
Axis Bank Limited 2015
CD
103,243
2.71%
Sundaram Finance Limited 2014
CPM
103,134
2.71%
Bank of Baroda 2014
CD
103,082
2.70%
9.41% Canara Bank 2015
FD
100,000
2.62%
9.95% Bank of India 2015
FD
100,000
2.62%
9.67% Canara Bank 2015
FD
90,900
2.38%
90,900
2.95%
Rural Electrification Corporation Limited 2014
CPM
84,452
2.22%
-
54 Revenue Account
57 Balance Sheet
Group Capital Guarantee Short Term Debt Fund II - ULGF 009 16/03/07 GCGSTDebt2 105
At March 31, 2014
At March 31, 2013
Security name
Asset type
Market value % of assets Market value % of assets
(` 000)
held
(` 000)
held
Bajaj Finance Limited 2014
CPM
76,976
2.02%
Andhra Bank 2014
CD
74,680
1.96%
9.30% Axis Bank Limited 2016
FD
69,900
1.83%
69,900
2.27%
Bank of Baroda 2015
CD
55,517
1.46%
0% Mahindra & Mahindra Financial Services Limited 2014
ZCB
53,705
1.41%
Corporation Bank 2014
CD
51,654
1.36%
93,561
3.04%
Export-Import Bank of India 2014
CD
48,664
1.28%
State Bank of Patiala 2015
CD
24,241
0.64%
10.00% Sundaram Finance Limited 2014
NCD
12,025
0.32%
Central Bank of India 2014
CD
4,470
0.12%
9.87% Infrastructure Development Finance Company Limited 2017
NCD
234,320
7.60%
Power Finance Corporation Limited 2013
CPM
127,080
4.12%
9.45% Shriram Transport Finance Company Limited 2014
NCD
116,612
3.78%
9.72% Bank of Baroda 2014
FD
100,000
3.25%
10.00% State Bank of Travancore 2013
FD
95,154
3.09%
9.50% State Bank of Travancore 2014
FD
90,000
2.92%
State Bank of Mysore 2013
CD
84,819
2.75%
Oriental Bank Of Commerce 2014
CD
70,818
2.30%
State Bank of Hyderabad 2014
CD
65,570
2.13%
IDBI Bank Limited 2014
CD
65,522
2.13%
Axis Bank Limited 2014
CD
62,149
2.02%
ICICI Bank Limited 2014
CD
62,086
2.01%
IDBI Bank Limited 2013
CD
56,617
1.84%
Kotak Mahindra Prime Limited 2013
CPM
55,858
1.81%
Indian Overseas Bank 2014
CD
50,706
1.65%
9.70% Corporation Bank 2014
FD
50,100
1.63%
10.10% Axis Bank Limited 2013
FD
50,000
1.62%
Industry
FD
50,000
1.62%
FD
50,000
1.62%
FD
50,000
1.62%
CD
49,758
1.61%
CD
49,000
1.59%
NCD
43,037
1.40%
NCD
41,232
1.34%
FD
39,390
1.28%
CD
31,141
1.01%
CD
8,443
0.27%
2,750,953
973,515
87,457
3,811,925
72.17%
25.54%
2.29%
100.00%
2,379,016
587,948
114,395
3,081,359
77.21%
19.08%
3.71%
100.00%
Group Capital Guarantee Short Term Debt Fund III - ULGF 047 27/08/13 GCGSTDebt3 105
At March 31, 2014
At March 31, 2013
Security name
Asset type
Market value % of assets Market value % of assets
(` 000)
held
(` 000)
held
State Bank of Patiala 2014
CD
4,502
9.87%
Indian Overseas Bank 2015
CD
4,412
9.67%
-
Industry
Financial and insurance activities
CD
4,401
9.64%
CD
4,396
9.63%
CD
4,395
9.63%
CPM
4,328
9.48%
CD
2,128
4.66%
974
2.13%
29,536
64.73%
Others
13,409
29.39%
2,682
5.88%
45,627
100.00%
CPM
59 Schedules
101 Annexures
225
Industry
Financial and insurance activities
226
44 Management Report
54 Revenue Account
57 Balance Sheet
Industry
Housing total
Others
Net current assets
Grand total
Industry
Security name
CD
733
6.86%
FD
692
6.48%
CD
185
1.73%
CD
92
0.86%
3,436
32.18%
Others
6,851
64.16%
391
3.66%
10,678
100.00%
59 Schedules
101 Annexures
227
Industry
Financial and insurance activities
228
44 Management Report
54 Revenue Account
57 Balance Sheet
Industry
Security name
Equity
3.45%
Equity
2.30%
33
37.93%
Infosys Limited
Equity
8.05%
Equity
4.60%
Wipro Limited
Equity
1.15%
12
13.79%
31
35.63%
11
12.64%
Grand total
87
100.00%
Group Leave Encashment Balanced Fund - ULGF 013 02/04/08 GLEBal 105
At March 31, 2014
Security name
Asset type
Market value % of assets
(` 000)
held
Andhra Bank 2014
CD
79,494
8.91%
9.02% Rural Electrification Corporation Limited 2022
NCD
62,718
7.03%
Indian Bank 2014
CD
34,580
3.88%
Bank of Baroda 2015
CD
29,979
3.36%
9.70% Tata Sons Limited 2022
NCD
25,874
2.90%
9.77% Tata Sons Limited 2018
NCD
15,034
1.69%
HDFC Bank Limited
Equity
12,834
1.44%
9.76% Canara Bank 2015
FD
10,100
1.13%
9.67% Canara Bank 2015
FD
10,100
1.13%
9.30% Axis Bank Limited 2016
FD
10,000
1.12%
Axis Bank Limited 2015
CD
8,362
0.94%
Corporation Bank 2015
CD
7,968
0.89%
Power Finance Corporation Limited 2019
FRN
7,055
0.79%
Housing Development Finance Corporation Limited
Equity
7,029
0.79%
10.30% Kotak Mahindra Prime Limited 2016
NCD
6,020
0.67%
10.75% Shriram Transport Finance Company Limited 2016
NCD
6,012
0.67%
9.27% Power Finance Corporation Limited 2017
NCD
5,974
0.67%
8.35% Indian Railway Finance Corporation Limited 2023
NCD
5,002
0.56%
Bajaj Finance Limited 2014
CPM
4,400
0.49%
Axis Bank Limited
Equity
3,442
0.39%
9.70% Power Finance Corporation Limited 2018
NCD
3,014
0.34%
9.90% Tata Sons Limited 2016
NCD
3,004
0.34%
9.67% Tata Sons Limited 2022
NCD
2,980
0.33%
8.32% Tata Sons Limited 2023
NCD
2,719
0.30%
8.46% India Infrastructure Finance Company Limited 2028
NCD
1,992
0.22%
11.35% Shriram Transport Finance Company Limited 2016
NCD
1,700
0.19%
Indusind Bank Limited
Equity
1,569
0.18%
9.68% Tata Sons Limited 2017
NCD
997
0.11%
9.66% Tata Sons Limited 2017
NCD
995
0.11%
8.85% Tata Sons Limited 2018
NCD
969
0.11%
8.70% Power Finance Corporation Limited 2020
NCD
960
0.11%
Central Bank of India 2014
CD
838
0.09%
Shriram Transport Finance Company Limited
Equity
546
0.06%
9.70% Corporation Bank 2014
FD
9.50% Bank of India 2014
FD
Central Bank of India 2013
CD
Indian Overseas Bank 2014
CD
State Bank of Mysore 2014
CD
8.94% Power Finance Corporation Limited 2028
NCD
8.95% HDFC Bank Limited 2022
NCD
UCO Bank 2014
CD
ICICI Bank Limited 2014
CD
9.25% Rural Electrification Corporation Limited 2017
NCD
Corporation Bank 2014
CD
9.29% Power Finance Corporation Limited 2022
NCD
9.75% LIC Housing Finance Limited 2015
NCD
9.15% Axis Bank Limited 2022
NCD
Axis Bank Limited 2013
CD
Oriental Bank Of Commerce 2014
CD
State Bank of Hyderabad 2014
CD
9.75% LIC Housing Finance Limited 2017
NCD
-
Industry
Financial and insurance activities
59 Schedules
101 Annexures
229
Industry
Housing total
Others
Net current assets
Grand total
Industry
Financial and insurance activities
230
44 Management Report
Group Leave Encashment Balanced Fund - ULGF 013 02/04/08 GLEBal 105
At March 31, 2014
Security name
Asset type
Market value % of assets
(` 000)
held
8.95% Power Finance Corporation Limited 2018
NCD
9.39% LIC Housing Finance Limited 2015
NCD
7.50% Housing Development Finance Corporation Limited 2015
NCD
9.85% Tata Sons Limited 2017
NCD
9.90% LIC Housing Finance Limited 2016
NCD
Bank of Baroda 2014
CD
9.50% LIC Housing Finance Limited 2016
NCD
9.55% Housing Development Finance Corporation Limited 2015
NCD
374,260
41.95%
9.12% LIC Housing Finance Limited 2018
NCD
29,955
3.36%
8.60% LIC Housing Finance Limited 2015
NCD
29,525
3.31%
9.65% Housing Development Finance Corporation Limited 2019
NCD
17,018
1.91%
0% Housing Development Finance Corporation Limited 2017
ZCB
7,331
0.82%
9.70% LIC Housing Finance Limited 2017
NCD
4,992
0.56%
9.57% LIC Housing Finance Limited 2017
NCD
3,977
0.45%
Housing Development Finance Corporation Limited 2016
FRN
2,000
0.22%
9.70% Housing Development Finance Corporation Limited 2016
NCD
1,997
0.22%
9.60% Housing Development Finance Corporation Limited 2016
NCD
1,995
0.22%
9.62% LIC Housing Finance Limited 2017
NCD
1,993
0.22%
9.70% Housing Development Finance Corporation Limited 2017
NCD
998
0.11%
9.60% Housing Development Finance Corporation Limited 2017
NCD
995
0.11%
9.25% Housing Development Finance Corporation Limited 2016
NCD
988
0.11%
9.80% LIC Housing Finance Limited 2015
NCD
9.75% Housing Development Finance Corporation Limited 2016
NCD
9.60% Housing Development Finance Corporation Limited 2014
NCD
9.68% Housing Development Finance Corporation Limited 2015
NCD
103,764
11.63%
379,903
42.59%
34,159
3.83%
892,086
100.00%
Group Leave Encashment Income Fund - ULGF 014 02/04/08 GLEIncome 105
At March 31, 2014
Security name
Asset type
Market value % of assets
(` 000)
held
8.20% Indian Railway Finance Corporation Limited 2016
NCD
7,867
7.98%
Kotak Mahindra Prime Limited 2015
CPM
7,318
7.42%
Bank of Baroda 2015
CD
6,292
6.38%
9.77% Tata Sons Limited 2018
NCD
3,007
3.05%
Axis Bank Limited 2015
CD
2,934
2.98%
9.90% Tata Sons Limited 2019
NCD
2,029
2.06%
Power Finance Corporation Limited 2014
CPM
1,458
1.48%
Corporation Bank 2015
CD
1,099
1.11%
10.75% Shriram Transport Finance Company Limited 2016
NCD
1,009
1.02%
Power Finance Corporation Limited 2019
FRN
1,008
1.02%
10.30% Kotak Mahindra Prime Limited 2016
NCD
1,003
1.02%
9.78% Tata Sons Limited 2019
NCD
1,001
1.02%
8.35% Indian Railway Finance Corporation Limited 2023
NCD
1,000
1.01%
9.74% Tata Sons Limited 2024
NCD
996
1.01%
9.70% Tata Sons Limited 2022
NCD
995
1.01%
9.67% Tata Sons Limited 2022
NCD
993
1.01%
10.50% Shriram Transport Finance Company Limited 2017
NCD
955
0.97%
Bajaj Finance Limited 2014
CPM
489
0.50%
11.60% Shriram Transport Finance Company Limited 2016
NCD
358
0.36%
11.35% Shriram Transport Finance Company Limited 2016
NCD
155
0.16%
Central Bank of India 2014
CD
93
0.09%
9.75% State Bank of Bikaner & Jaipur 2014
FD
Indian Bank 2013
CD
Oriental Bank Of Commerce 2014
CD
Indian Overseas Bank 2014
CD
Punjab National Bank 2013
CD
State Bank of Patiala 2014
CD
Corporation Bank 2014
CD
State Bank of Mysore 2014
CD
9.15% Axis Bank Limited 2022
NCD
8.95% Power Finance Corporation Limited 2018
NCD
8.94% Power Finance Corporation Limited 2028
NCD
9.80% Infrastructure Development Finance Company Limited 2015
NCD
8.95% HDFC Bank Limited 2022
NCD
State Bank of Hyderabad 2014
CD
UCO Bank 2014
CD
State Bank of Patiala 2013
CD
-
54 Revenue Account
57 Balance Sheet
Industry
Industry
Financial and insurance activities
59 Schedules
Group Leave Encashment Income Fund - ULGF 014 02/04/08 GLEIncome 105
At March 31, 2014
Security name
Asset type
Market value % of assets
(` 000)
held
IDBI Bank Limited 2013
CD
ICICI Bank Limited 2014
CD
Axis Bank Limited 2013
CD
Bank of Baroda 2014
CD
42,059
42.66%
54,244
55.01%
2,300
2.33%
98,603
100.00%
Group Leave Encashment Short Term Fund - ULGF 024 26/02/10 GLEST 105
At March 31, 2014
Security name
Asset type
Market value % of assets
(` 000)
held
9.50% State Bank of Travancore 2014
FD
70,000
9.28%
9.30% Axis Bank Limited 2016
FD
63,000
8.35%
Bank of Baroda 2015
CD
55,517
7.36%
9.67% Canara Bank 2015
FD
50,500
6.69%
10.00% Sundaram Finance Limited 2014
NCD
50,105
6.64%
9.75% Corporation Bank 2015
FD
50,000
6.63%
9.50% Punjab National Bank 2014
FD
47,086
6.24%
9.00% Infrastructure Development Finance Company Limited 2017
NCD
31,924
4.23%
Power Finance Corporation Limited 2014
CPM
27,245
3.61%
Kotak Mahindra Prime Limited 2014
CPM
23,081
3.06%
Sundaram Finance Limited 2014
CPM
20,627
2.73%
0% Mahindra & Mahindra Financial Services Limited 2014
ZCB
9,945
1.32%
State Bank of Patiala 2015
CD
4,755
0.63%
Bajaj Finance Limited 2014
CPM
2,347
0.31%
Oriental Bank Of Commerce 2015
CD
1,099
0.15%
Central Bank of India 2014
CD
838
0.11%
9.20% Canara Bank 2015
FD
720
0.10%
9.80% Union Bank of India 2014
FD
10.00% State Bank of Travancore 2013
FD
10.68% State Bank of India 2014
FD
9.75% Oriental Bank Of Commerce 2013
FD
9.50% IDBI Bank Limited 2013
FD
Power Finance Corporation Limited 2013
CPM
9.45% Shriram Transport Finance Company Limited 2014
NCD
State Bank of Mysore 2013
CD
State Bank of Patiala 2014
CD
Oriental Bank Of Commerce 2014
CD
IDBI Bank Limited 2013
CD
Kotak Mahindra Prime Limited 2013
CPM
9.50% Canara Bank 2013
FD
9.50% IDBI Bank Limited 2014
FD
9.77% Infrastructure Development Finance Company Limited 2017
NCD
9.87% Infrastructure Development Finance Company Limited 2017
NCD
Indian Overseas Bank 2014
CD
Punjab National Bank 2013
CD
Corporation Bank 2014
CD
State Bank of Mysore 2014
CD
Corporation Bank 2013
CD
508,789
67.44%
197,145
26.13%
48,515
6.43%
754,449
100.00%
101 Annexures
231
Industry
Financial and insurance activities
Industry
Financial and insurance activities
Industry
Financial and insurance activities
Housing total
Others
Net current assets
Grand total
232
44 Management Report
Group Return Guarantee Fund III - ULGF 023 16/06/09 GRGF3 105
At March 31, 2014
Security name
Asset type
Market value % of assets
(` 000)
held
Export-Import Bank of India 2014
CD
2,155
6.60%
10.00% Infrastructure Development Finance Company Limited 2013
NCD
9.85% HDFC Bank Limited 2024
NCD
8.50% Power Finance Corporation Limited 2014
NCD
10.25% Tata Sons Limited 2014
NCD
8.85% Tata Sons Limited 2016
NCD
9.50% IDBI Bank Limited 2014
FD
9.75% Housing Development Finance Corporation Limited 2014
NCD
10.10% Axis Bank Limited 2017
NCD
9.50% Canara Bank 2013
FD
9.40% Canara Bank 2013
FD
9.20% Canara Bank 2015
FD
9.50% State Bank of India 2013
FD
9.75% State Bank of Bikaner & Jaipur 2014
FD
9.50% Oriental Bank Of Commerce 2013
FD
9.50% State Bank of Patiala 2013
FD
10.90% Rural Electrification Corporation Limited 2013
NCD
9.75% State Bank of Bikaner & Jaipur 2016
FD
8.65% Rural Electrification Corporation Limited 2019
NCD
2,155
6.60%
10.20% LIC Housing Finance Limited 2014
NCD
9.25% Housing Development Finance Corporation Limited 2016
NCD
9.37% LIC Housing Finance Limited 2014
NCD
9.80% LIC Housing Finance Limited 2017
NCD
8.25% ICICI Home Finance Company Limited 2014
NCD
17,420
53.37%
13,066
40.03%
32,641
100.00%
54 Revenue Account
57 Balance Sheet
Industry
Financial and insurance activities
Industry
Financial and insurance activities
Industry
Financial and insurance activities
59 Schedules
21.14%
8.29%
100.00%
10.52%
7.56%
100.00%
Group Short Term Debt Fund - ULGF 003 03/04/03 GSTDebt 105
At March 31, 2014
Security name
Asset type
Market value % of assets
(` 000)
held
9.75% Corporation Bank 2015
FD
600,000
8.12%
State Bank of Patiala 2014
CD
427,563
5.79%
Indian Overseas Bank 2015
CD
370,781
5.02%
Power Finance Corporation Limited 2014
CPM
325,242
4.40%
9.67% Canara Bank 2015
FD
302,000
4.09%
9.83% Bank of India 2015
FD
300,000
4.06%
9.95% Bank of India 2015
FD
300,000
4.06%
Union Bank of India 2015
CD
273,631
3.70%
Oriental Bank Of Commerce 2015
CD
250,228
3.39%
Kotak Mahindra Prime Limited 2014
CPM
241,866
3.27%
Bajaj Finance Limited 2014
CPM
225,765
3.06%
9.00% Infrastructure Development Finance Company Limited 2017
NCD
197,527
2.67%
Bank of Baroda 2014
CD
188,734
2.55%
Axis Bank Limited 2015
CD
186,374
2.52%
Sundaram Finance Limited 2014
CPM
178,140
2.41%
9.30% Axis Bank Limited 2016
FD
149,700
2.03%
9.76% Canara Bank 2015
FD
110,900
1.50%
9.41% Canara Bank 2015
FD
100,000
1.35%
10.00% Sundaram Finance Limited 2014
NCD
98,206
1.33%
Export-Import Bank of India 2014
CD
91,901
1.24%
Andhra Bank 2014
CD
91,188
1.23%
Corporation Bank 2014
CD
66,492
0.90%
State Bank of Patiala 2015
CD
45,778
0.62%
Central Bank of India 2014
CD
8,196
0.11%
101 Annexures
233
Industry
Industry
Financial and insurance activities
Housing total
Others
Net current assets
Grand total
234
44 Management Report
Group Short Term Debt Fund - ULGF 003 03/04/03 GSTDebt 105
At March 31, 2014
Security name
Asset type
Market value % of assets
(` 000)
held
Rural Electrification Corporation Limited 2014
CPM
3,883
0.05%
Bank of Baroda 2015
CD
2,591
0.04%
Kotak Mahindra Prime Limited 2013
CPM
9.45% Shriram Transport Finance Company Limited 2014
NCD
9.62% Bank of Baroda 2014
FD
10.10% Union Bank of India 2014
FD
10.68% State Bank of India 2014
FD
State Bank of Mysore 2013
CD
9.72% Bank of Baroda 2014
FD
10.00% State Bank of Travancore 2013
FD
9.50% State Bank of Travancore 2014
FD
Indian Overseas Bank 2014
CD
9.87% Infrastructure Development Finance Company Limited 2017
NCD
State Bank of Travancore 2013
CD
IDBI Bank Limited 2013
CD
State Bank of Hyderabad 2014
CD
IDBI Bank Limited 2014
CD
Axis Bank Limited 2014
CD
ICICI Bank Limited 2014
CD
9.70% Corporation Bank 2014
FD
10.10% Axis Bank Limited 2013
FD
Oriental Bank Of Commerce 2014
CD
9.77% Infrastructure Development Finance Company Limited 2017
NCD
Punjab National Bank 2013
CD
State Bank of Mysore 2014
CD
9.90% Canara Bank 2013
FD
9.60% IDBI Bank Limited 2014
FD
Power Finance Corporation Limited 2013
CPM
5,136,686
69.53%
2,052,162
27.78%
199,091
2.69%
7,387,939
100.00%
Group Superannuation Corporate Bond Fund - ULGF 015 22/12/08 GSACorBon 105
At March 31, 2014
At March 31, 2013
Security name
Asset type
Market value % of assets Market value % of assets
(` 000)
held
(` 000)
held
9.90% Tata Sons Limited 2016
NCD
169,263
7.65%
171,843
7.41%
9.75% State Bank of Bikaner & Jaipur 2016
FD
146,750
6.63%
140,400
6.05%
10.84% HDFC Bank Limited 2022
NCD
138,649
6.26%
142,558
6.15%
9.20% Canara Bank 2015
FD
129,977
5.87%
84,831
3.66%
9.61% Power Finance Corporation Limited 2021
NCD
95,872
4.33%
36,383
1.57%
9.75% ICICI Securities Primary Dealership Limited 2021
NCD
79,425
3.59%
82,735
3.57%
9.50% Canara Bank 2019
FD
70,000
3.16%
70,000
3.02%
9.36% Power Finance Corporation Limited 2021
NCD
60,133
2.72%
62,549
2.70%
9.50% IDBI Bank Limited 2016
FD
53,500
2.42%
53,500
2.31%
10.85% HDFC Bank Limited 2023
NCD
41,372
1.87%
42,850
1.85%
10.10% Axis Bank Limited 2017
NCD
13,166
0.59%
8.78% Power Finance Corporation Limited 2020
NCD
10,552
0.48%
10,919
0.47%
9.50% Punjab National Bank 2014
FD
132
0.01%
9.70% National Bank For Agriculture & Rural Development 2016
NCD
37,898
1.63%
9.50% Oriental Bank Of Commerce 2013
FD
22,688
0.98%
9.50% IDBI Bank Limited 2014
FD
19,800
0.85%
1,008,791
45.58%
978,954
42.21%
9.80% LIC Housing Finance Limited 2017
NCD
102,063
4.61%
89,933
3.88%
9.60% LIC Housing Finance Limited 2021
NCD
72,023
3.25%
74,374
3.21%
9.70% Housing Development Finance Corporation Limited 2016
NCD
68,907
3.11%
125,530
5.41%
9.20% Housing Development Finance Corporation Limited 2018
NCD
56,741
2.56%
58,060
2.50%
10.35% Housing Development Finance Corporation Limited 2017
NCD
9,137
0.41%
9,349
0.40%
308,871
13.96%
357,246
15.40%
709,058
32.04%
834,580
35.99%
186,416
8.42%
148,397
6.40%
2,213,136
100.00%
2,319,177
100.00%
54 Revenue Account
57 Balance Sheet
Industry
Financial and insurance activities
Industry
Financial and insurance activities
59 Schedules
101 Annexures
235
Industry
Industry
Financial and insurance activities
Equity
Equity
Equity
236
44 Management Report
54 Revenue Account
145,758
40,391
5,436
360,091
4.71%
1.30%
0.18%
11.63%
46,151
17,499
2,839
214,799
1.98%
0.75%
0.12%
9.20%
2,167,170
127,952
3,096,136
70.00%
4.13%
100.00%
1,686,818
(48,831)
2,334,999
72.24%
(2.09)%
100.00%
57 Balance Sheet
Industry
Financial and insurance activities
Equity
Equity
Equity
16,679
4,409
48,079
4.46%
1.18%
12.87%
3,163
3,989
11,383
31,349
1.08%
1.36%
3.89%
10.71%
Equity
Equity
Equity
Equity
14,628
14,486
10,143
1,337
40,594
3.92%
3.88%
2.71%
0.36%
10.87%
12,434
5,019
7,780
1,390
26,623
4.25%
1.71%
2.66%
0.47%
9.09%
198,188
(13,115)
373,615
53.04%
(3.51%)
100.00%
147,115
(8,768)
292,839
50.24%
(2.99)%
100.00%
Industry
59 Schedules
101 Annexures
237
Industry
Financial and insurance activities total
Construction of buildings
Construction of buildings total
Others
Net current assets
Grand total
Industry
Financial and insurance activities
238
44 Management Report
54 Revenue Account
57 Balance Sheet
Industry
Housing total
Others
Net current assets
Grand total
Industry
Financial and insurance activities
59 Schedules
835
1,904
13
2,752
101 Annexures
30.34%
69.19%
0.47%
100.00%
239
Industry
Financial and insurance activities
Industry
Financial and insurance activities
Industry
Financial and insurance activities
240
44 Management Report
Health Return Guarantee Fund VII - ULIF 084 16/11/09 HRGF7 105
At March 31, 2014
Security name
Asset type
Market value % of assets
(` 000)
held
9.50% Punjab National Bank 2014
FD
114
10.07%
9.20% Canara Bank 2015
FD
111
9.81%
Vijaya Bank 2014
CD
100
8.83%
Export-Import Bank of India 2014
CD
94
8.30%
9.75% State Bank of Bikaner & Jaipur 2014
FD
9.50% IDBI Bank Limited 2013
FD
9.50% Oriental Bank Of Commerce 2013
FD
Corporation Bank 2014
CD
Bank of Baroda 2014
CD
UCO Bank 2014
CD
9.50% State Bank of Patiala 2013
FD
9.50% State Bank of India 2013
FD
419
37.01%
655
57.86%
58
5.12%
1,132
100.00%
54 Revenue Account
57 Balance Sheet
Industry
Financial and insurance activities
59 Schedules
101 Annexures
241
Industry
Housing total
Others
Net current assets
Grand total
242
44 Management Report
54 Revenue Account
57 Balance Sheet
Industry
Financial and insurance activities
59 Schedules
101 Annexures
243
Industry
Housing total
Others
Net current assets
Grand total
Industry
Financial and insurance activities
244
44 Management Report
54 Revenue Account
57 Balance Sheet
Industry
Housing total
Others
Net current assets
Grand total
59 Schedules
101 Annexures
245
Industry
Financial and insurance activities
246
44 Management Report
54 Revenue Account
57 Balance Sheet
Industry
Housing total
Others
Net current assets
Grand total
Industry
Financial and insurance activities
Equity
5.48%
69,935
10.98%
Infosys Limited
Equity
31,846
5.00%
Equity
Equity
23,136
13,488
68,470
3.63%
2.12%
10.75%
342,924
51,344
636,640
53.86%
8.06%
100.00%
Industry
34,889
59 Schedules
101 Annexures
247
248
44 Management Report
54 Revenue Account
57 Balance Sheet
4.86%
4.97%
9.83%
23,236,120
308,875
43,171,888
53.82%
0.72%
100.00%
4.50%
4.92%
9.42%
5,673,933
68,143
10,375,566
54.69%
0.66%
100.00%
Industry
Financial and insurance activities
Equity
Equity
Industry
Financial and insurance activities
Equity
Equity
135,023
87,367
222,390
7.87%
5.09%
12.96%
87,574
98,269
185,843
4.47%
5.01%
9.48%
958,709
3,181
1,716,258
55.86%
0.19%
100.00%
1,173,396
6,347
1,961,292
59.83%
0.32%
100.00%
59 Schedules
39,814
25,641
65,455
7.84%
5.05%
12.88%
24,786
29,834
54,620
4.22%
5.07%
9.29%
283,925
1,536
507,998
55.90%
0.30%
100.00%
342,254
3,825
587,988
58.21%
0.65%
100.00%
101 Annexures
249
Industry
Financial and insurance activities
Equity
Equity
Industry
Financial and insurance activities
250
44 Management Report
626,037
496,397
1,122,434
6.51%
5.16%
11.67%
107,714
118,794
226,508
3.70%
4.08%
7.78%
5,312,923
88,869
9,616,323
55.25%
0.92%
100.00%
1,623,091
81,853
2,912,824
55.72%
2.81%
100.00%
54 Revenue Account
57 Balance Sheet
Industry
Industry
Financial and insurance activities
59 Schedules
101 Annexures
251
Industry
Industry
Financial and insurance activities
252
44 Management Report
N T P C Limited
Power Grid Corporation of India Limited
G A I L (India) Limited
S J V N Limited
Equity
Equity
Equity
Equity
54 Revenue Account
676,131
550,138
366,575
129,689
4.12%
3.35%
2.23%
0.79%
57 Balance Sheet
670,337
337,577
323,248
83,805
5.43%
2.73%
2.62%
0.68%
Industry
Industry
Financial and insurance activities
Equity
Equity
Equity
Equity
Equity
Industry
Financial and insurance activities
Equity
Equity
Equity
Equity
Equity
59 Schedules
6,560,017
208,767
12,349,403
53.12%
1.69%
100.00%
219,144
195,541
173,234
137,775
21,010
746,704
2.76%
2.46%
2.18%
1.74%
0.26%
9.41%
308,868
319,540
295,536
127,823
21,835
1,073,602
2.95%
3.06%
2.83%
1.22%
0.21%
10.27%
4,272,381
59,005
7,936,916
53.83%
0.74%
100.00%
5,958,533
(7,931)
10,458,550
56.97%
(0.08)%
100.00%
52.77%
0.92%
100.00%
59,027
50,943
45,578
22,681
7,640
185,869
3.05%
2.63%
2.36%
1.17%
0.39%
9.61%
76,818
62,990
65,243
20,365
7,940
233,356
3.56%
2.92%
3.02%
0.94%
0.37%
10.82%
1,034,025
4,748
1,934,753
53.44%
0.25%
100.00%
1,207,983
1,523
2,157,478
55.99%
0.07%
100.00%
101 Annexures
253
Industry
Financial and insurance activities
Equity
Equity
Equity
Equity
Equity
Industry
Financial and insurance activities
Equity
Equity
Equity
Equity
Equity
Industry
Financial and insurance activities
254
44 Management Report
3,516
2,959
2,661
2,157
382
11,675
2.90%
2.44%
2.20%
1.78%
0.32%
9.64%
4,537
5,126
5,318
1,937
397
17,315
2.88%
3.26%
3.38%
1.23%
0.25%
11.01%
64,973
1,533
121,055
53.67%
1.27%
100.00%
88,270
(82)
157,281
56.11%
(0.05)%
100.00%
54 Revenue Account
28,602
25,089
21,158
10,568
3,820
89,237
3.23%
2.83%
2.39%
1.19%
0.43%
10.07%
36,262
29,638
31,049
9,488
3,970
110,407
3.54%
2.89%
3.03%
0.93%
0.39%
10.77%
469,237
(90)
886,422
52.94%
-0.01%
100.00%
580,129
3,127
1,024,714
56.61%
0.31%
100.00%
New Invest Shield Balanced Fund - ULIF 025 21/08/06 LInvShldNw 105
At March 31, 2014
Security name
Asset type
Market value % of assets
(` 000)
held
9.76% Canara Bank 2015
FD
180,300
6.02%
Indian Bank 2014
CD
164,600
5.49%
9.95% Bank of India 2015
FD
100,100
3.34%
9.75% Corporation Bank 2015
FD
100,000
3.34%
9.83% Bank of India 2015
FD
100,000
3.34%
HDFC Bank Limited
Equity
73,439
2.45%
Housing Development Finance Corporation Limited
Equity
51,926
1.73%
Axis Bank Limited
Equity
33,590
1.12%
9.77% Tata Sons Limited 2018
NCD
28,063
0.94%
10.30% Shriram Transport Finance Company Limited 2017
NCD
25,999
0.87%
9.60% Export-Import Bank of India 2018
NCB
24,064
0.80%
10.75% Shriram Transport Finance Company Limited 2016
NCD
18,098
0.60%
8.70% Rural Electrification Corporation Limited 2018
NCD
16,550
0.55%
Kotak Mahindra Bank Limited
Equity
15,987
0.53%
Indusind Bank Limited
Equity
14,737
0.49%
57 Balance Sheet
Industry
59 Schedules
New Invest Shield Balanced Fund - ULIF 025 21/08/06 LInvShldNw 105
At March 31, 2014
Security name
Asset type
Market value % of assets
(` 000)
held
9.90% Tata Sons Limited 2016
NCD
14,020
0.47%
11.35% Shriram Transport Finance Company Limited 2016
NCD
10,786
0.36%
9.75% ICICI Securities Primary Dealership Limited 2021
NCD
9,928
0.33%
ING Vysya Bank Limited
Equity
9,878
0.33%
11.60% Shriram Transport Finance Company Limited 2016
NCD
9,749
0.33%
9.90% Tata Sons Limited 2019
NCD
9,132
0.30%
8.48% Indian Railway Finance Corporation Limited 2028
NCD
9,021
0.30%
9.27% Power Finance Corporation Limited 2017
NCD
8,961
0.30%
10.50% Shriram Transport Finance Company Limited 2017
NCD
8,714
0.29%
9.68% Tata Sons Limited 2017
NCD
7,973
0.27%
8.32% Tata Sons Limited 2023
NCD
7,249
0.24%
9.69% Tata Sons Limited 2022
NCD
6,964
0.23%
8.76% Export-Import Bank of India 2018
NCB
6,849
0.23%
Power Finance Corporation Limited 2019
FRN
5,039
0.17%
9.75% Tata Sons Limited 2016
NCD
4,990
0.17%
9.38% Rural Electrification Corporation Limited 2018
NCD
3,972
0.13%
8.70% Power Finance Corporation Limited 2020
NCD
3,840
0.13%
9.44% Power Finance Corporation Limited 2021
NCD
2,985
0.10%
Central Bank of India 2014
CD
2,328
0.08%
9.67% Tata Sons Limited 2022
NCD
993
0.03%
9.00% Export-Import Bank of India 2019
NCD
989
0.03%
State Bank of India
Equity
2
0.00%
9.90% Canara Bank 2013
FD
8.95% HDFC Bank Limited 2022
NCD
Indian Overseas Bank 2014
CD
Oriental Bank Of Commerce 2014
CD
10.10% Union Bank of India 2014
FD
10.68% State Bank of India 2014
FD
9.50% Bank of India 2014
FD
State Bank of Mysore 2014
CD
8.94% Power Finance Corporation Limited 2028
NCD
9.29% Power Finance Corporation Limited 2022
NCD
UCO Bank 2014
CD
Corporation Bank 2014
CD
9.50% LIC Housing Finance Limited 2016
NCD
ICICI Bank Limited 2014
CD
State Bank of Hyderabad 2014
CD
9.75% LIC Housing Finance Limited 2015
NCD
8.95% Power Finance Corporation Limited 2018
NCD
9.75% LIC Housing Finance Limited 2017
NCD
9.15% Axis Bank Limited 2022
NCD
9.39% LIC Housing Finance Limited 2015
NCD
Federal Bank Limited
Equity
8.87% Rural Electrification Corporation Limited 2020
NCD
State Bank of Travancore 2013
CD
7.50% Housing Development Finance Corporation Limited 2015
NCD
11.70% India Infoline Finance Limited 2014
NCD
Bank of Baroda 2014
CD
9.85% Tata Sons Limited 2017
NCD
9.55% Housing Development Finance Corporation Limited 2015
NCD
Development Credit Bank Limited
Equity
9.98% Tata Sons Limited 2015
NCD
9.90% LIC Housing Finance Limited 2016
NCD
11.40% Infrastructure Development Finance Company Limited 2013
NCD
8.80% Rural Electrification Corporation Limited 2020
NCD
9.75% Housing Development Finance Corporation Limited 2014
NCD
Axis Bank Limited 2013
CD
1,091,815
36.43%
1,833,137
61.18%
71,682
2.39%
2,996,634
100.00%
101 Annexures
255
Industry
Financial and insurance activities
Industry
Financial and insurance activities
256
44 Management Report
63.15%
1.44%
100.00%
54 Revenue Account
57 Balance Sheet
62.60%
(1.18)%
100.00%
Industry
Industry
Financial and insurance activities
59 Schedules
101 Annexures
257
Industry
Housing total
Others
Net current assets
Grand total
258
44 Management Report
54 Revenue Account
57 Balance Sheet
Industry
59 Schedules
101 Annexures
3.73%
42,342
9,892
18,075
157,175
1.82%
0.42%
0.78%
6.75%
1,348,656
7,050
2,327,907
57.94%
0.30%
100.00%
63.94%
0.29%
100.00%
259
Industry
Financial and insurance activities
260
44 Management Report
54 Revenue Account
57 Balance Sheet
Industry
Financial and insurance activities
59 Schedules
101 Annexures
261
Industry
Financial and insurance activities
Equity
1,308,632
6.52%
924,705
3.96%
Equity
Equity
Equity
536,931
112,505
91,667
2,049,735
2.67%
0.56%
0.46%
10.21%
346,797
141,721
229,790
1,643,013
1.48%
0.61%
0.98%
7.03%
11,095,945
240,676
20,085,339
55.24%
1.20%
100.00%
12,877,022
50,015
23,379,887
55.08%
0.21%
100.00%
Industry
Financial and insurance activities
262
44 Management Report
54 Revenue Account
1,786,472
10.36%
2,717,662
12.78%
11,320,917
341,198
17,248,207
65.63%
1.98%
100.00%
13,384,666
47,726
21,265,749
62.94%
0.22%
100.00%
57 Balance Sheet
Industry
Financial and insurance activities
59 Schedules
101 Annexures
263
Industry
Industry
Financial and insurance activities
Industry
Financial and insurance activities
44 Management Report
13.86%
704,850
12.75%
Equity
388,472
7.76%
247,222
4.47%
Equity
246,130
4.92%
274,402
4.96%
634,602
12.68%
521,624
9.44%
2,759,046
1,683
5,005,054
55.13%
0.03%
100.00%
2,911,795
18,231
5,527,233
52.68%
0.33%
100.00%
264
693,811
2,338,063
54 Revenue Account
13.72%
57 Balance Sheet
12.68%
Industry
Manufacture of motor vehicles, trailers and semitrailers
Equity
Equity
Equity
CPM
Telecommunications total
Others
Net current assets
Grand total
Industry
Financial and insurance activities
59 Schedules
856,606
5.03%
865,773
4.99%
2,118,142
12.43%
1,572,446
9.06%
1,367,400
68,531
1,435,931
7,845,187
91,839
17,043,916
8.02%
0.40%
8.42%
46.03%
0.54%
100.00%
1,260,137
163,050
320,971
1,744,158
7,772,703
164,974
17,355,225
7.26%
0.94%
1.85%
10.05%
44.79%
0.95%
100.00%
101 Annexures
265
Industry
Housing
Housing total
Others
Net current assets
Grand total
Industry
Financial and insurance activities
266
44 Management Report
Pension Multi Cap Balanced Fund - ULIF 094 11/01/10 PMCapBal 105
At March 31, 2014
Security name
Asset type
Market value % of assets
(` 000)
held
HDFC Bank Limited
Equity
111,120
4.62%
Rural Electrification Corporation Limited 2014
CPM
100,925
4.20%
9.83% Bank of India 2015
FD
100,000
4.16%
Indian Bank 2014
CD
82,794
3.44%
Housing Development Finance Corporation Limited
Equity
61,767
2.57%
7.95% Infrastructure Development Finance Company Limited 2014
NCD
53,918
2.24%
9.70% Corporation Bank 2014
FD
50,100
2.08%
9.77% Tata Sons Limited 2018
NCD
43,097
1.79%
Axis Bank Limited
Equity
41,497
1.73%
9.67% Canara Bank 2015
FD
30,300
1.26%
Bank of Baroda 2015
CD
27,018
1.12%
Indusind Bank Limited
Equity
20,480
0.85%
Kotak Mahindra Bank Limited
Equity
20,303
0.84%
9.76% Canara Bank 2015
FD
20,100
0.84%
ING Vysya Bank Limited
Equity
17,557
0.73%
Axis Bank Limited 2015
CD
11,762
0.49%
Corporation Bank 2015
CD
11,265
0.47%
9.27% Power Finance Corporation Limited 2017
NCD
10,952
0.46%
9.30% Axis Bank Limited 2016
FD
10,000
0.42%
10.75% Shriram Transport Finance Company Limited 2016
NCD
8,016
0.33%
8.35% Indian Railway Finance Corporation Limited 2023
NCD
7,002
0.29%
Bajaj Finance Limited 2014
CPM
6,355
0.26%
10.30% Shriram Transport Finance Company Limited 2017
NCD
6,000
0.25%
9.90% Tata Sons Limited 2016
NCD
5,007
0.21%
9.67% Tata Sons Limited 2022
NCD
4,966
0.21%
LIC Housing Finance Limited
Equity
3,914
0.16%
8.32% Tata Sons Limited 2023
NCD
3,625
0.15%
9.70% Power Finance Corporation Limited 2018
NCD
3,014
0.13%
11.35% Shriram Transport Finance Company Limited 2016
NCD
2,382
0.10%
8.46% India Infrastructure Finance Company Limited 2028
NCD
1,992
0.08%
9.70% Tata Sons Limited 2022
NCD
1,990
0.08%
9.66% Tata Sons Limited 2017
NCD
1,990
0.08%
8.85% Tata Sons Limited 2018
NCD
1,938
0.08%
8.70% Power Finance Corporation Limited 2020
NCD
1,920
0.08%
11.60% Shriram Transport Finance Company Limited 2016
NCD
1,912
0.08%
Shriram City Union Finance Limited
Equity
1,412
0.06%
Central Bank of India 2014
CD
1,211
0.05%
9.75% Tata Sons Limited 2016
NCD
998
0.04%
9.68% Tata Sons Limited 2017
NCD
997
0.04%
8.95% Power Finance Corporation Limited 2018
NCD
981
0.04%
State Bank of India
Equity
2
0.00%
9.90% Canara Bank 2013
FD
10.68% State Bank of India 2014
FD
Indian Overseas Bank 2014
CD
Central Bank of India 2013
CD
Federal Bank Limited
Equity
8.94% Power Finance Corporation Limited 2028
NCD
8.95% HDFC Bank Limited 2022
NCD
9.50% Bank of India 2014
FD
UCO Bank 2014
CD
ICICI Bank Limited 2014
CD
9.29% Power Finance Corporation Limited 2022
NCD
Corporation Bank 2014
CD
Oriental Bank Of Commerce 2014
CD
-
54 Revenue Account
57 Balance Sheet
Industry
Industry
Financial and insurance activities
Pension Multi Cap Balanced Fund - ULIF 094 11/01/10 PMCapBal 105
At March 31, 2014
Security name
Asset type
Market value % of assets
(` 000)
held
9.25% Rural Electrification Corporation Limited 2017
NCD
9.15% Axis Bank Limited 2022
NCD
Development Credit Bank Limited
Equity
State Bank of Mysore 2014
CD
State Bank of Hyderabad 2014
CD
9.75% LIC Housing Finance Limited 2017
NCD
9.75% LIC Housing Finance Limited 2015
NCD
9.39% LIC Housing Finance Limited 2015
NCD
7.50% Housing Development Finance Corporation Limited 2015
NCD
9.85% Tata Sons Limited 2017
NCD
9.90% LIC Housing Finance Limited 2016
NCD
9.50% LIC Housing Finance Limited 2016
NCD
9.55% Housing Development Finance Corporation Limited 2015
NCD
Bank of Baroda 2014
CD
11.40% Infrastructure Development Finance Company Limited 2013
NCD
Infrastructure Development Finance Company Limited
Equity
892,579
37.12%
1,464,737
60.92%
47,084
1.96%
2,404,400
100.00%
Pension Multi Cap Growth Fund - ULIF 091 11/01/10 PMCapGro 105
At March 31, 2014
Security name
Asset type
Market value % of assets
(` 000)
held
HDFC Bank Limited
Equity
1,308,465
9.21%
Axis Bank Limited
Equity
894,860
6.30%
Housing Development Finance Corporation Limited
Equity
469,244
3.30%
Infrastructure Development Finance Company Limited
Equity
228,609
1.61%
Kotak Mahindra Bank Limited
Equity
183,937
1.30%
Indusind Bank Limited
Equity
116,125
0.82%
Bank of Baroda 2014
CD
99,335
0.70%
Jammu & Kashmir Bank Limited
Equity
State Bank of Travancore 2013
CD
3,300,575
23.24%
Infosys Limited
Equity
1,064,914
7.50%
Equity
Equity
Equity
Equity
351,087
176,140
98,279
62,966
1,753,386
2.47%
1.24%
0.69%
0.44%
12.35%
14,328
91,989
33,272
234,256
942,611
0.09%
0.59%
0.21%
1.49%
6.01%
N T P C Limited
Power Grid Corporation of India Limited
G A I L (India) Limited
S J V N Limited
Petronet L N G Limited
Gujarat Industries Power Company Limited
N H P C Limited
Equity
Equity
Equity
Equity
Equity
Equity
Equity
656,024
429,038
289,317
130,653
115,327
32,869
1,653,228
4.62%
3.02%
2.04%
0.92%
0.81%
0.23%
11.64%
923,776
430,940
394,386
117,309
91,734
77,415
2,035,560
5.89%
2.75%
2.52%
0.75%
0.59%
0.49%
12.98%
7,481,428
12,914
14,201,531
52.68%
0.09%
100.00%
8,470,770
144,206
15,678,977
54.03%
0.92%
100.00%
59 Schedules
101 Annexures
267
Industry
Financial and insurance activities
Equity
Equity
Equity
Equity
337,310
91,324
81,470
3,189
513,293
7.45%
2.02%
1.80%
0.07%
11.34%
264,334
148,212
61,828
474,374
4.65%
2.61%
1.09%
8.35%
Equity
Equity
149,815
146,609
89,195
28,650
414,269
3.31%
3.24%
1.97%
0.63%
9.15%
237,926
198,730
161,450
29,775
627,881
4.19%
3.50%
2.84%
0.52%
11.05%
1,832,802
11,395
4,526,239
40.50%
0.25%
100.00%
2,357,461
(805)
5,681,890
41.48%
(0.01)%
100.00%
Industry
Financial and insurance activities
Equity
Equity
Equity
Equity
268
44 Management Report
54 Revenue Account
79,910
68,577
49,145
15,280
212,912
3.38%
2.90%
2.08%
0.65%
9.01%
115,936
93,748
83,576
15,880
309,140
3.77%
3.05%
2.72%
0.52%
10.06%
1,239,672
1,142
2,361,757
52.49%
0.05%
100.00%
1,666,375
3,296
3,073,709
54.21%
0.11%
100.00%
57 Balance Sheet
Industry
Financial and insurance activities
Equity
Equity
305,377
29,264
759,376
5.43%
0.52%
13.49%
159,085
21,005
579,635
2.41%
0.32%
8.79%
4,013,627
31,578
5,627,928
71.32%
0.56%
100.00%
4,726,592
(113,801)
6,597,356
71.63%
(1.72)%
100.00%
Industry
59 Schedules
101 Annexures
269
Industry
Housing total
Others
Net current assets
Grand total
Industry
Financial and insurance activities
270
44 Management Report
54 Revenue Account
57 Balance Sheet
Industry
Housing total
Others
Net current assets
Grand total
59 Schedules
101 Annexures
271
Industry
Financial and insurance activities
272
44 Management Report
54 Revenue Account
57 Balance Sheet
Industry
Housing total
Others
Net current assets
Grand total
Industry
Financial and insurance activities
Equity
Equity
59 Schedules
31,615
19,897
51,512
7.16%
4.50%
11.66%
8,439
2,242
10,681
4.20%
1.12%
5.32%
259,173
(6,591)
441,812
58.66%
-1.49%
100.00%
108,811
30,285
200,947
54.14%
15.07%
100.00%
101 Annexures
273
Industry
Financial and insurance activities
Industry
Financial and insurance activities
274
44 Management Report
Pension Return Guarantee Fund IX (10 Yrs) - ULIF 108 22/12/10 PRGF(S2) 105
At March 31, 2014
Security name
Asset type
Market value % of assets
(` 000)
held
9.61% Power Finance Corporation Limited 2021
NCD
3,995
7.83%
9.75% State Bank of Bikaner & Jaipur 2021
FD
3,890
7.63%
9.50% Canara Bank 2021
FD
3,625
7.11%
9.18% Tata Sons Limited 2020
NCD
2,886
5.66%
9.47% Indian Railway Finance Corporation Limited 2031
NCD
14,396
28.23%
9.60% LIC Housing Finance Limited 2021
NCD
2,960
5.80%
10.25% Housing Development Finance Corporation Limited 2017
NCD
2,960
5.80%
30,146
59.12%
3,495
6.85%
50,997
100.00%
54 Revenue Account
57 Balance Sheet
Industry
Financial and insurance activities
Industry
Financial and insurance activities
Housing total
Others
Net current assets
Grand total
Industry
Financial and insurance activities
59 Schedules
Pension Return Guarantee Fund VII - ULIF 083 16/11/09 PRGF7 105
At March 31, 2014
Security name
Asset type
Market value % of assets
(` 000)
held
Export-Import Bank of India 2014
CD
49,930
9.43%
9.28% Power Finance Corporation Limited 2017
NCB
47,710
9.01%
Kotak Mahindra Prime Limited 2014
CPM
33,659
6.35%
Bank of Baroda 2015
CD
30,142
5.69%
10.10% Axis Bank Limited 2017
NCD
26,332
4.97%
7.95% Infrastructure Development Finance Company Limited 2014
NCD
19,970
3.77%
9.50% Punjab National Bank 2014
FD
11,861
2.24%
8.20% Indian Railway Finance Corporation Limited 2016
NCD
11,801
2.23%
9.07% Rural Electrification Corporation Limited 2018
NCD
10,843
2.05%
8.65% Rural Electrification Corporation Limited 2019
NCD
2,898
0.55%
10.30% Tata Sons Limited 2014
NCD
9.25% IDBI Bank Limited 2014
NCD
10.00% Infrastructure Development Finance Company Limited 2013
NCD
9.50% State Bank of India 2013
FD
9.75% State Bank of Bikaner & Jaipur 2014
FD
9.70% National Bank For Agriculture & Rural Development 2016
NCD
9.50% Canara Bank 2013
FD
9.81% Indian Railway Finance Corporation Limited 2017
NCD
245,146
46.28%
273,273
51.58%
11,313
2.14%
529,732
100.00%
101 Annexures
275
Industry
Financial and insurance activities
Housing total
Others
Net current assets
Grand total
Industry
Financial and insurance activities
Industry
Financial and insurance activities
Industry
Financial and insurance activities
276
44 Management Report
Pension Return Guarantee Fund VIII - ULIF 102 12/10/10 PRGF(S1) 105
At March 31, 2014
Security name
Asset type
Market value % of assets
(` 000)
held
9.50% Canara Bank 2020
FD
12,550
7.78%
9.18% Tata Sons Limited 2020
NCD
12,505
7.75%
9.75% State Bank of Bikaner & Jaipur 2021
FD
12,440
7.71%
10.10% Axis Bank Limited 2017
NCD
12,153
7.53%
8.95% Power Finance Corporation Limited 2018
NCD
2,942
1.82%
9.47% Indian Railway Finance Corporation Limited 2031
NCD
9.61% Power Finance Corporation Limited 2021
NCD
52,590
32.59%
9.60% LIC Housing Finance Limited 2021
NCD
11,839
7.34%
9.75% Housing Development Finance Corporation Limited 2016
NCD
10.25% Housing Development Finance Corporation Limited 2017
NCD
11,839
7.34%
85,467
52.95%
11,493
7.12%
161,389
100.00%
Pension Return Guarantee Fund X (10 Yrs) - ULIF 113 13/01/11 PRGF(S3) 105
At March 31, 2014
Security name
Asset type
Market value % of assets
(` 000)
held
9.75% State Bank of Bikaner & Jaipur 2021
FD
8,550
7.47%
9.50% Canara Bank 2021
FD
6,970
6.09%
8.78% Power Finance Corporation Limited 2020
NCD
6,715
5.87%
9.18% Tata Sons Limited 2020
NCD
1,924
1.68%
9.47% Indian Railway Finance Corporation Limited 2031
NCD
24,159
21.11%
9.60% LIC Housing Finance Limited 2021
NCD
8,880
7.76%
9.75% Housing Development Finance Corporation Limited 2016
NCD
8,880
7.76%
74,510
65.09%
6,909
6.04%
114,458
100.00%
Pension Return Guarantee Fund XI (10 Yrs) - ULIF 122 19/04/11 PRGF(S4) 105
At March 31, 2014
Security name
Asset type
Market value % of assets
(` 000)
held
9.75% State Bank of Bikaner & Jaipur 2021
FD
1,020
8.45%
9.18% Tata Sons Limited 2020
NCD
962
7.97%
9.50% Canara Bank 2021
FD
900
7.46%
9.95% State Bank of India 2026
NCD
614
5.09%
3,496
28.97%
7,239
59.99%
1,332
11.04%
12,067
100.00%
10,407,385
207,915
14,953,031
54 Revenue Account
69.61%
1.39%
100.00%
57 Balance Sheet
12,756,204
186,982
19,300,357
66.10%
0.97%
100.00%
Industry
Financial and insurance activities
Equity
Equity
Equity
Industry
Financial and insurance activities
Equity
Equity
Equity
Equity
Industry
Financial and insurance activities
59 Schedules
373,907
189,402
53,894
1,402,180
3.62%
1.83%
0.52%
13.56%
159,915
27,823
28,146
1,078,011
1.17%
0.20%
0.21%
7.87%
7,391,716
130,299
10,338,882
71.50%
1.26%
100.00%
9,313,053
93,268
13,702,055
67.97%
0.68%
100.00%
350,146
119,421
117,007
82,618
1,177,950
3.22%
1.10%
1.07%
0.76%
10.82%
273,577
71,275
77,661
897,083
2.45%
0.64%
0.70%
8.04%
7,649,904
71,610
10,886,275
70.27%
0.66%
100.00%
8,555,655
(55,380)
11,164,302
76.63%
(0.50%)
100.00%
101 Annexures
65.92%
1.47%
100.00%
71.78%
2.48%
100.00%
277
Industry
Financial and insurance activities
Housing total
Others
Net current assets
Grand total
278
44 Management Report
54 Revenue Account
57 Balance Sheet
Industry
Financial and insurance activities
59 Schedules
101 Annexures
279
Industry
Financial and insurance activities
280
44 Management Report
54 Revenue Account
57 Balance Sheet
Industry
Financial and insurance activities
59 Schedules
101 Annexures
281
Industry
Housing total
Others
Net current assets
Grand total
Industry
Financial and insurance activities
282
44 Management Report
54 Revenue Account
57 Balance Sheet
Industry
59 Schedules
101 Annexures
283
Industry
Housing total
Others
Net current assets
Grand total
Industry
Financial and insurance activities
284
44 Management Report
54 Revenue Account
57 Balance Sheet
Industry
Housing total
Others
Net current assets
Grand total
Industry
Financial and insurance activities
59 Schedules
101 Annexures
285
Industry
Housing total
Others
Net current assets
Grand total
286
44 Management Report
54 Revenue Account
57 Balance Sheet
Industry
Financial and insurance activities
Housing total
Others
Net current assets
Grand total
Return Guarantee Fund X (10 Yrs) - ULIF 112 13/01/11 LRGF(S3) 105
Industry
Security name
Asset type
FD
NCD
FD
NCD
NCD
FD
NCD
NCD
NCD
NCD
NCD
Housing total
Others
Net current assets
Grand total
59 Schedules
101 Annexures
287
Return Guarantee Fund XI (10 Yrs) - ULIF 121 19/04/11 LRGF(S4) 105
At March 31, 2014
Security name
Asset type
Market value % of assets
(` 000)
held
9.18% Tata Sons Limited 2020
NCD
1,924
8.34%
9.75% State Bank of Bikaner & Jaipur 2021
FD
1,840
7.97%
9.95% State Bank of India 2026
NCD
1,740
7.54%
9.50% Canara Bank 2021
FD
550
2.38%
6,054
26.24%
10.25% Housing Development Finance Corporation Limited 2017
NCD
2,025
8.78%
9.60% LIC Housing Finance Limited 2021
NCD
1,973
8.55%
3,998
17.33%
11,518
49.91%
1,505
6.52%
23,075
100.00%
Security name
Asset type
NCD
CPM
FD
NCD
NCD
NCD
NCB
NCD
FD
NCD
CD
NCD
NCD
NCD
NCD
FD
NCD
NCD
NCD
NCD
NCD
Housing total
Others
Net current assets
Grand total
Industry
Financial and insurance activities
Return Guarantee Fund VIII (5 Yrs) - ULIF 103 12/10/10 LRGF(T8) 105
Industry
Security name
Asset type
NCD
CD
NCD
FD
FD
NCD
NCD
NCD
NCD
NCD
NCD
FD
NCD
NCD
NCD
NCD
NCD
NCD
ZCB
NCD
NCD
Housing total
Others
Net current assets
Grand total
288
44 Management Report
54 Revenue Account
57 Balance Sheet
Return Guarantee Fund VIII (10 Yrs) - ULIF 104 12/10/10 LRGF(S1) 105
Industry
Security name
Asset type
FD
FD
NCD
NCD
NCD
NCD
NCD
NCD
Housing total
Others
Net current assets
Grand total
Security name
Asset type
NCD
CPM
CD
CD
NCD
FD
NCD
FD
NCD
NCD
FD
NCD
NCD
FD
Security name
Asset type
FD
NCD
CD
NCD
CD
FD
NCD
CPM
FD
NCD
NCD
NCD
NCD
NCD
NCD
Housing total
Others
Net current assets
Grand total
59 Schedules
101 Annexures
289
Security name
Asset type
NCD
FD
CD
NCD
NCD
NCD
CD
NCD
NCD
NCD
FD
FD
NCD
FD
NCD
NCD
Housing total
Others
Net current assets
Grand total
Security name
Asset type
NCD
FD
NCD
NCD
CD
NCD
NCD
NCD
FD
NCD
NCD
NCD
FD
CPM
NCD
CD
NCD
NCD
NCD
NCD
NCD
NCD
NCD
NCD
NCD
Housing total
Others
Net current assets
Grand total
Return Guarantee Fund IX (10 Yrs) - ULIF 107 22/12/10 LRGF(S2) 105
Industry
Security name
Asset type
FD
FD
NCD
NCD
NCD
NCD
NCD
Housing total
Others
Net current assets
Grand total
290
44 Management Report
54 Revenue Account
57 Balance Sheet
Security name
HDFC Bank Limited
Housing Development Finance Corporation Limited
Indusind Bank Limited
Axis Bank Limited
Infrastructure Development Finance Company Limited
ING Vysya Bank Limited
Development Credit Bank Limited
Kotak Mahindra Bank Limited
Indian Bank 2013
Yes Bank Limited
Dewan Housing Finance Corporation Limited
United Bank Of India
LIC Housing Finance Limited
State Bank of India
Asset type
Equity
Equity
Equity
Equity
Equity
Equity
Equity
Equity
CD
Equity
Equity
Equity
Equity
Equity
Equity
Equity
Equity
Equity
62.92%
-0.20%
100.00%
Industry
59 Schedules
101 Annexures
67.12%
0.78%
100.00%
69.15%
0.48%
100.00%
291
Security name
Asset type
Equity
Equity
Equity
Equity
Equity
Equity
Equity
Equity
Equity
Equity
Equity
Equity
Equity
Equity
Equity
Equity
Equity
62.24%
0.48%
100.00%
Industry
292
44 Management Report
54 Revenue Account
57 Balance Sheet
68.18%
1.30%
100.00%
69.38%
0.35%
100.00%
Industry
Financial and insurance activities
59 Schedules
101 Annexures
293
Industry
Housing total
Others
Net current assets
Grand total
Industry
Financial and insurance activities
294
44 Management Report
54 Revenue Account
57 Balance Sheet
Industry
Financial and insurance activities
59 Schedules
101 Annexures
62.38%
1.73%
100.00%
295
Industry
Industry
Financial and insurance activities
Industry
Financial and insurance activities
Industry
Financial and insurance activities
296
44 Management Report
Health Return Guarantee Fund III - ULIF 068 26/02/09 HRGF3 105
At March 31, 2014
Security name
Asset type
Market value % of assets
(` 000)
held
9.50% IDBI Bank Limited 2013
FD
9.50% State Bank of India 2013
FD
9.50% State Bank of Patiala 2013
FD
9.50% Punjab National Bank 2014
FD
9.50% Oriental Bank Of Commerce 2013
FD
10.30% Tata Sons Limited 2014
NCD
10.00% Infrastructure Development Finance Company Limited 2013
NCD
9.10% HDFC Bank Limited 2016
NCD
9.20% Canara Bank 2015
FD
9.50% Canara Bank 2013
FD
-
54 Revenue Account
57 Balance Sheet
Industry
Financial and insurance activities
Industry
Financial and insurance activities
Housing total
Others
Net current assets
Grand total
Industry
Financial and insurance activities
Housing total
Others
Net current assets
Grand total
59 Schedules
101 Annexures
297
Industry
Financial and insurance activities
Housing total
Others
Net current assets
Grand total
Industry
Financial and insurance activities
Industry
Financial and insurance activities
Housing total
Others
Net current assets
Grand total
298
44 Management Report
Pension Return Guarantee Fund III - ULIF 067 26/02/09 PRGF3 105
At March 31, 2014
Security name
Asset type
Market value % of assets
(` 000)
held
9.50% State Bank of Patiala 2013
FD
10.25% Tata Sons Limited 2014
NCD
9.50% State Bank of India 2013
FD
9.50% Oriental Bank Of Commerce 2013
FD
9.25% IDBI Bank Limited 2014
NCD
10.30% Tata Sons Limited 2014
NCD
8.50% Power Finance Corporation Limited 2014
NCD
10.85% HDFC Bank Limited 2023
NCD
11.35% IDBI Bank Limited 2013
NCD
9.50% Canara Bank 2013
FD
9.50% IDBI Bank Limited 2013
FD
8.28% LIC Housing Finance Limited 2015
NCD
8.25% ICICI Home Finance Company Limited 2014
NCD
10.25% Housing Development Finance Corporation Limited 2017
NCD
9.37% LIC Housing Finance Limited 2014
NCD
10.35% Housing Development Finance Corporation Limited 2017
NCD
-
54 Revenue Account
57 Balance Sheet
Industry
Financial and insurance activities
Housing total
Others
Net current assets
Grand total
Industry
Financial and insurance activities
Housing total
Others
Net current assets
Grand total
Industry
Financial and insurance activities
Housing total
Others
Net current assets
Grand total
59 Schedules
101 Annexures
299
Th
is
pa
ge
is
int
en
tio
na
lly
lef
tb
lan
300
44 Management Report
54 Revenue Account
57 Balance Sheet
302-338
302
303
305
306
307
308
REPORT ON
STATEMENTS
THE
CONSOLIDATED
FINANCIAL
OPINION
In our opinion and to the best of our information and according to the
explanations given to us, the consolidated financial statements are
prepared in accordance with the requirements of the Insurance Act, the
IRDA Act, the IRDA Financial Statements Regulations and the Companies
Act, 1956 to the extent applicable and in the manner so required, and give
a true and fair view in conformity with the accounting principles generally
accepted in India, as applicable to insurance companies:
(a)
(b)
(c)
(d)
OTHER MATTERS
1.
2.
AUDITORS RESPONSIBILITY
Our responsibility is to express an opinion on these consolidated financial
statements based on our audit. We conducted our audit in accordance with
the Standards on Auditing issued by the Institute of Chartered Accountants
of India. Those Standards require that we comply with ethical requirements
and plan and perform the audit to obtain reasonable assurance about
whether the consolidated financial statements are free from material
misstatement.
An audit involves performing procedures to obtain audit evidence about
the amounts and disclosures in the consolidated financial statements.
The procedures selected depend on the auditors judgment, including
the assessment of the risks of material misstatement of the consolidated
financial statements, whether due to fraud or error. In making those
risk assessments, the auditor considers internal control relevant to the
Companys preparation and fair presentation of the consolidated financial
statements in order to design audit procedures that are appropriate in the
circumstances, but not for the purpose of expressing an opinion on the
Sanjiv V. Pilgaonkar
Partner
Membership No: 39826
Place : Mumbai
Date : April 22, 2014
302
Place : Mumbai
Date : April 22, 2014
Schedule
Par Life
Par Pension
Non Par
Annuity
Non Par
Health
Linked Life
Linked
Pension
12,184,130
(2,081)
12,182,049
1,585,685
(26)
1,585,659
24,433,749
(749,489)
23,684,260
2,281,257
2,281,257
189,443
(42,382)
147,061
62,692,450
(330,026)
62,362,424
3,227,242
333,354
(322,489)
32,660
3,270,767
1,469,132
167,151
(47,622)
123,045
1,711,706
2,910,319
239,568
(71,737)
(10,488)
3,067,662
1,296,386
66,719
(50,739)
4,922
1,317,288
49,112
12,489
7,102
68,703
27,611
11,620
39,231
15,492,047
1,520,049
3,457,729
1,144
3,238
650
37,805
38,455
3,335,820
3,376
29,990
(45)
20
346,958
27,263
23,934
398,155
27,150,077
2,131,500
3,336,802
14,294
3,400
599,565
192
599,757
4,198,302
1,266
39,695
(131)
138
58,634
5,820
20,537
5,040,794
2,892,201
85,775
39,161
4,449,258
7,995
6,048,533
9,026,509
1,424,744
2
3
Linked
Health
Linked
Group
Total
13,997,513
(110)
13,997,403
1,991,223
(335,179)
1,656,044
4,931,045
(675)
4,930,370
124,286,495
(1,459,968)
122,826,527
11,232,350
23,274,962
(8,230,536)
18,410,853
1,324,059
46,011,688
7,518,089
17,023,566
(4,990,958)
9,706,779
990,333
30,247,809
144,297
152,956
(119,390)
418,898
11,448
608,209
3,846,247
1,930,782
(1,214,805)
589,856
711,525
5,863,605
31,693,174
43,201,547
(15,048,276)
29,126,386
3,194,606
92,167,437
183
150
333
216,097
6,004
31,281
(1,398)
1,253
671
33,766
34,437
108,408,549
2,424,515
7,548,935
(24,593)
32,577
6,110
6,110
44,251,322
137,874
1,269,831
(40,113)
40,380
1,696
1,696
2,265,949
50,199
281,630
(360)
838
820
820
10,794,795
67
172,712
-
946,523
56,378
116,093
1,118,994
216,112,958
6,274,850
16,168,605
(51,202)
81,844
84,991
5,506,533
1,134,462
-
40,968
1,015,106
-
37,140
34,185
-
1,728,767
11,710,201
50,731,467
-
1,105,769
2,513,741
52,103,528
-
135,237
467,544
273,604
-
96,341
269,120
8,105,814
-
3,066,114
25,625,202
120,739,625
93,770
(1,685,979)
2,771,274
525,385
21,029,070
(1,470,917)
20,692,615
950,929
3,142,228
4,157,334
-
(190,995)
(156,810)
335,767
1,213,978
36,020,218
6,977,091
94,942,754
1,755,594
(264,227)
(17,545,525)
1,761
34,295,537
7,442,044
38,570
1,186,288
1,498,462
299,943
(11,389)
2,128,639
10,223,064
302,611
29,319,789
(1,470,917)
21,789,620
6,978,852
177,450,739
13,037,017
(384,181)
(53,186)
(437,367)
1,040,563
525,385
950,929
335,767
1,702,408
7,442,044
299,943
302,611
12,599,650
188,637
851,926
1,040,563
115,355
410,030
525,385
950,929
950,929
335,767
335,767
2,573,560
(871,152)
1,702,408
8,813,558
(1,371,514)
7,442,044
312,315
(12,372)
299,943
302,611
302,611
12,641,803
(42,153)
12,599,650
85,775
1,611,957
1,424,744
3,122,476
7,995
1,030,202
525,385
1,563,582
950,929
950,929
335,767
335,767
1,755,594
1,755,594
7,442,044
7,442,044
299,943
299,943
302,611
302,611
93,770
2,642,159
13,037,017
15,772,946
905,677
851,926
1,757,603
855,323
410,030
1,265,353
950,929
950,929
1,263,748
(871,152)
392,596
1,988,575
(1,371,514)
617,061
69,221
(12,372)
56,849
5,082,544
(42,153)
5,040,391
16
The schedules and accompanying notes referred to herein form an integral part of the Consolidated Revenue Account.
As required by Section 40-B(4) of the Insurance Act, 1938 we certify that all expenses of Management in respect of life insurance business in India incurred by the Company have been fully debited to the Consolidated Revenue
Account as expenses.
Sanjiv V. Pilgaonkar
Partner
Membership No. 39826
Chanda Kochhar
Chairperson
V. Sridar
Director
K. Ramkumar
Director
Sandeep Bakhshi
Managing Director and CEO
Sandeep Batra
Executive Director
Satyan Jambunathan
Appointed Actuary
Binay Agarwala
Executive Vice President
Sanaulla Khan
Company Secretary
Place : Mumbai
Date : April 22, 2014
308 Schedules
303
Schedule
Par Life
Par
Pension
Non Par
Annuity
Non Par
Health
Linked Life
Linked
Pension
7,809,797
(5,197)
7,804,600
3,100,891
(33)
3,100,858
25,092,400
(645,121)
24,447,279
2,540,797
2,540,797
216,982
(45,228)
171,754
55,175,774
(203,628)
54,972,146
27,327,274
(149)
27,327,125
2,784,259
309,406
(50,953)
68,941
3,111,653
1,451,290
257,173
(24,474)
175,985
1,859,974
1,403,921
294,643
(21,854)
50,907
1,727,617
1,054,784
65,628
(2,873)
21,714
1,139,253
17,115
5,367
(181)
440
22,741
9,946,347
19,466,486
(8,739,042)
4,504,296
1,086,350
26,264,437
21,768
17,791
39,559
10,955,812
685,178
1,548,587
10,382
1,388
602
281
883
4,961,715
6,162
34,005
139
15
4,751,303
12,523
69,543
4,833,369
31,008,265
4,519,058
7,166,175
22,838
3,836
118,027
1,095
119,122
3,799,172
1,233
97,403
176
20
543,128
267
603
543,998
738,493
8,956
53,363
39
40
58,461
12,077
28,205
2,303,996
4,089,712
47,369
52,398
4,715,274
1,323
11,740,112
823,637
-
98,832
822,403
-
3,928,606
8,065,687
586,129
(315,163)
4,401,434
507,883
20,612,547
(1,425,291)
20,010,893
(742,740)
2,896,387
3,718,790
(18,450)
(234,428)
351,701
507,883
742,740
-
127,548
224,153
351,701
126,938
380,945
507,883
47,369
1,100,566
586,129
1,734,064
681,524
224,153
905,677
2
3
Linked
Health
Linked
Group
Total
2,115,208
(309,749)
1,805,459
12,003,257
(903)
12,002,354
135,382,380
(1,210,008)
134,172,372
7,735,540
13,075,347
(7,200,772)
7,163,496
955,362
21,728,973
110,524
98,897
(76,494)
134,919
17,912
285,758
3,488,534
1,729,968
(430,867)
177,332
797,750
5,762,717
27,992,314
35,302,915
(16,547,510)
11,980,043
3,175,361
61,903,123
1,765
97,694
99,459
81,336,042
2,000,362
6,142,480
11,272
9,676
8,436
8,436
49,064,534
344,979
1,457,947
7,620
1,427
5,546
5,546
2,096,763
88,219
458,964
1,123
305
2,786
2,786
17,767,857
21
172,150
-
5,412,458
36,925
203,775
5,653,158
201,728,653
7,654,168
17,131,074
53,589
16,707
98,743
62,398
56,150
-
1,672,587
9,836,377
60,155,842
-
1,288,221
3,100,194
51,039,166
-
130,834
679,445
234,595
-
89,493
261,664
10,941,804
-
3,181,135
28,135,416
132,878,583
48,692
704,849
760,999
(84,904)
507,475
2,266,932
3,636,635
66,566,884
4,932,781
3,818
(14,222,417)
36,820,567
9,143,773
(7,388)
1,024,836
1,252,043
165,275
(9,838)
6,328,753
17,260,719
245,474
28,321,293
(1,425,291)
(4,601,896)
3,636,635
158,858,016
14,735,221
18,450
-
84,904
-
(794,594)
4,138,187
9,143,773
(22,344)
142,931
(33,186)
212,288
(238,458)
14,496,763
5,913,266
(1,775,079)
4,138,187
10,552,638
(1,408,865)
9,143,773
73,710
69,221
142,931
212,288
212,288
17,006,388
(2,509,625)
14,496,763
1,323
1,141,120
507,883
1,650,326
4,932,781
4,932,781
9,143,773
9,143,773
165,275
165,275
245,474
245,474
48,692
2,241,686
15,581,315
17,871,693
474,378
380,945
855,323
3,038,827
(1,775,079)
1,263,748
3,397,440
(1,408,865)
1,988,575
69,221
69,221
7,592,169
(2,509,625)
5,082,544
16
The Schedules and accompanying notes referred to herein form an integral part of the Consolidated Policyholders Revenue Account.
As required by Section 40-B(4) of the Insurance Act, 1938 we certify that all expenses of Management in respect of life insurance business in India incurred by the Company have been fully debited to the Consolidated Policyholders
Revenue Account as expenses.
Sanjiv V. Pilgaonkar
Partner
Membership No. 39826
Chanda Kochhar
Chairperson
V. Sridar
Director
K. Ramkumar
Director
Sandeep Bakhshi
Managing Director and CEO
Sandeep Batra
Executive Director
Satyan Jambunathan
Appointed Actuary
Binay Agarwala
Executive Vice President
Sanaulla Khan
Company Secretary
Place : Mumbai
Date : April 22, 2014
304
Schedule
3A
(` 000)
March 31, 2013
17,006,388
3,614,295
1,432,350
(1,318,724)
169,417
101,929
16,641,070
150,114
-
3,017,109
1,065,171
(162,617)
253,310
4,867
21,184,228
76,669
-
263,006
946,523
1,359,643
15,281,427
5,412,458
5,489,127
15,695,101
374,470
15,655,897
(736,751)
14,958,350
(11,645,094)
7,931,517
3,001,437
1,858,055
1,566,656
(10,346,862)
(19,467,579)
3,429,335
1,413,959
796,632
1,495,939
(11,645,094)
10.96
10.93
10.00
10.47
10.44
10.00
16
The Schedules and accompanying notes referred to herein form an integral part of the Consolidated Profit and Loss Account.
Sanjiv V. Pilgaonkar
Partner
Membership No. 39826
Chanda Kochhar
Chairperson
V. Sridar
Director
K. Ramkumar
Director
Sandeep Bakhshi
Managing Director and CEO
Sandeep Batra
Executive Director
Satyan Jambunathan
Appointed Actuary
Binay Agarwala
Executive Vice President
Sanaulla Khan
Company Secretary
Place : Mumbai
Date : April 22, 2014
308 Schedules
305
Particulars
Sources of funds
Shareholders funds :
Share capital
Share application money
Reserve and surplus
Credit/[debit] fair value change account
Deferred tax liability - Refer note 3.8 of schedule 16
Sub-total
Borrowings
Policyholders funds :
Credit/[debit] fair value change account
Revaluation reserve - Investment property- Refer note 3.5 of schedule 16
Policy liabilities (A)+(B)+(C)
Non unit liabilities (mathematical reserves) (A)
Provision for linked liabilities (fund reserves) (B)
(a) Provision for linked liabilities
(b) Credit/[debit] fair value change account (Linked)
Funds for discontinued policies (C)
(a) Discontinued on account of non-payment of premium
(b) Other discontinuance
(c) Credit/[debit] fair value change account
Total linked liabilities (B)+(C)
Sub-total
Funds for Future Appropriations
- Linked
- Non linked
Sub-total
Total
Application of funds
Investments
- Shareholders
- Policyholders
Asset held to cover linked liabilities
Loans
Fixed assets - net block
Deferred tax asset - Refer note 3.8 of schedule 16
Current assets
- Cash and bank balances
- Advances and other assets
Sub-total (A)
Current liabilities
Provisions
Sub-total (B)
Net current assets (C) = (A-B)
Miscellaneous expenditure (to the extent not written-off or adjusted)
Debit balance in Profit & Loss Account (Shareholders account) - Refer note 3.19 of schedule 16
Total
Contingent liabilities - Refer note 3.1 of schedule 16
Significant accounting policies & notes
(` 000)
At March 31, 2013
14,292,557
984
33,663,847
1,860,657
196
49,818,241
-
14,289,392
33,645,103
477,588
201
48,412,284
-
4,794,024
668,879
740,779,201
138,124,872
591,373,652
523,002,342
68,371,310
11,280,677
11,285,434
(4,757)
602,654,329
746,242,104
2,478,035
704,479
684,161,856
110,276,000
569,584,031
530,343,030
39,241,001
4,301,825
4,302,659
(834)
573,885,856
687,344,370
449,992
4,590,399
5,040,391
801,100,736
1,322,418
3,760,126
5,082,544
740,839,198
8
8A
8B
9
10
53,522,247
144,567,076
603,104,321
119,076
2,017,164
15,295
49,190,278
112,869,878
575,208,274
87,469
1,723,984
78,197
11
12
1,934,431
9,637,447
11,571,878
16,070,228
3,646,186
19,716,414
(8,144,536)
5,900,093
801,100,736
1,987,821
3,247,677
9,854,128
13,101,805
18,432,518
1,753,150
20,185,668
(7,083,863)
8,764,981
740,839,198
1,785,214
Schedule
5
6
13
14
15
16
The Schedules and accompanying notes referred to herein form an integral part of the Consolidated Balance Sheet.
Sanjiv V. Pilgaonkar
Partner
Membership No. 39826
Chanda Kochhar
Chairperson
V. Sridar
Director
K. Ramkumar
Director
Sandeep Bakhshi
Managing Director and CEO
Sandeep Batra
Executive Director
Satyan Jambunathan
Appointed Actuary
Binay Agarwala
Executive Vice President
Sanaulla Khan
Company Secretary
Place : Mumbai
Date : April 22, 2014
306
(` 000)
Sr
Particulars
No.
A Cash flows from operating activities
Cash receipts from customers:
Premium and other receipts
Tax refund
Cash paid towards operating activities:
Commission paid
Policy benefits paid
Other expenses
Reinsurance premium ceded (net of recovery amount)
Advances and deposits
Taxes paid
Net cash from operating activities (A)
B Cash flows from investing activities
Purchase of fixed assets
Sale of fixed assets
Purchase of investments
Loan
Sale of investments
Advance paid towards investment property
Interest & rent received (net of tax deducted at source)
Dividend received
Investments in money market instruments and in liquid mutual funds (net)
Expense related to investment
Net cash from investing activities (B)
C Cash flows from financing activities
Proceeds from issuance of share capital
Share premium on capital issued
Final dividend
Interim dividend paid
Dividend distribution tax paid
Net cash used in financing activities (C)
D Effect of foreign exchange rates on cash and cash equivalents (net) (D)
E Net increase In cash and cash equivalents (A+B+C+D)
F Cash and cash equivalents at beginning of the year
G Cash and cash equivalents at end of the year
Note:
Cash and cash equivalents at the end of the year
- Cash (including cheques in hand and stamps in hand)
- Bank balances and Money at call and short notice
[Including bank balance for linked business of
` 1,017,337 thousands ( ` 85,794 thousands at March 31, 2013)]
- Other short term liquid investment.
[Forming part of investments in financials]
Total
FY2014
FY2013
146,538,103
581
(6,388,108)
(120,826,433)
(42,225,997)
(704,627)
(3,036)
(83,203)
(786,859)
35,455
160,089,952
608
(7,223,531)
(133,363,388)
(45,292,270)
(456,054)
59,178
(350,001)
(170,231,404)
(23,692,720)
(345,896)
20,298
(751,404)
(956,429,642)
(31,607)
986,922,407
(36,374)
28,651,086
6,294,042
(4,381,580)
(14,150)
60,222,778
(186,626,066)
(26,535,506)
(325,598)
(985,393,779)
8,271
962,981,607
22,546,252
6,239,115
9,722,257
(11,931)
15,766,194
4,149
18,744
(1,414,650)
(7,931,517)
(1,588,381)
(10,911,655)
490
25,618,893
16,031,351
41,650,244
901
5,588
(1,000,194)
(3,429,335)
(718,581)
(5,141,621)
169
(15,910,764)
31,942,115
16,031,351
1,515,512
1,436,256
1,689,481
1,643,990
38,698,476
41,650,244
12,697,880
16,031,351
Sanjiv V. Pilgaonkar
Partner
Membership No. 39826
Chanda Kochhar
Chairperson
V. Sridar
Director
K. Ramkumar
Director
Sandeep Bakhshi
Managing Director and CEO
Sandeep Batra
Executive Director
Satyan Jambunathan
Appointed Actuary
Binay Agarwala
Executive Vice President
Sanaulla Khan
Company Secretary
Place : Mumbai
Date : April 22, 2014
308 Schedules
307
SCHEDULES
forming part of consolidated financial statements
SCHEDULE - 1
Premium (net of service tax)
For the year ended March 31, 2014
Particulars
First year premiums
Renewal premiums
Single premiums
Total premium
Premium income from
business written:
- In India
- Outside India
Total premium
Par Life
Par Pension
Non Par
Annuity
Non Par
Health
Linked Life
Linked
Pension
516,552
13,212,047
268,914
13,997,513
6,034,010
6,150,120
12,184,130
6
4,808,718
1,585,679 18,437,975
1,187,056
1,585,685 24,433,749
2,281,257
2,281,257
4,513 20,792,023
184,930 40,972,797
927,630
189,443 62,692,450
12,184,130
12,184,130
1,585,685 24,433,749
1,585,685 24,433,749
2,281,257
2,281,257
(` 000)
Linked
Linked Group
Total
Health
186,881
509,043 32,851,746
1,804,342
4,342,683 86,690,573
79,319
4,744,176
1,991,223
4,931,045 124,286,495
1,991,223
1,991,223
4,931,045 124,286,495
4,931,045 124,286,495
Par Life
Par Pension
Non Par
Annuity
Non Par
Health
Linked Life
Linked
Pension
270,042
26,865,294
191,938
27,327,274
2,090,030
5,719,767
7,809,797
921,615 13,260,687
2,179,276
8,915,020
2,916,693
3,100,891 25,092,400
2,540,797
2,540,797
11,208 17,238,295
205,774 37,342,024
595,455
216,982 55,175,774
7,809,797
7,809,797
3,100,891 25,092,400
3,100,891 25,092,400
2,540,797
2,540,797
(` 000)
Linked
Linked Group
Total
Health
451,853
7,597,539
41,841,269
1,663,355
4,405,718
87,296,228
6,244,883
2,115,208 12,003,257 135,382,380
2,115,208
2,115,208
12,003,257 135,382,380
12,003,257 135,382,380
Note: Refer schedule 16 note 2.3.1 for accounting policy on premium recognition.
308
SCHEDULE - 2
Commission expenses
For the year ended March 31, 2014
(` 000)
Particulars
Commission
Direct First year premiums
Renewal premiums
Single premiums
Total
Add: Commission on reinsurance accepted
Less: Commission on reinsurance ceded
Net commission
Break-up of the
commission by distribution
network
Individual agents
Corporate agents
Brokers
Total commission
Par Life
Par Pension
Annuity
Non Par
Non Par
Health
Linked Life
Linked
Pension
Linked
Health
Linked
Group
Total
1,297,549
222,500
1,520,049
-
3,376
3,376
-
1,441,015
686,875
3,610
2,131,500
-
1,266
1,266
-
1,210
4,794
6,004
-
1,912,818
501,356
10,341
2,424,515
-
17,828
119,300
746
137,874
-
26,755
23,444
50,199
-
6
61
67
-
4,697,181
1,561,645
16,024
6,274,850
-
1,520,049
3,376
2,131,500
1,266
6,004
2,424,515
137,874
50,199
67
6,274,850
741,134
626,854
152,061
1,520,049
2,836
526
14
3,376
590,416
1,221,035
320,049
2,131,500
897
350
19
1,266
4,301
1,450
253
6,004
443,108
1,950,262
31,145
2,424,515
63,925
54,421
19,528
137,874
45,140
2,346
2,713
50,199
6
61
67
1,891,763
3,857,244
525,843
6,274,850
Linked Life
Linked
Pension
Linked
Health
Par Life
Par Pension
Annuity
Non Par
Non Par
Health
Linked
Group
Total
490,077
195,101
685,178
-
66
6,096
6,162
-
4,186,566
329,198
3,294
4,519,058
-
1,233
1,233
-
2,741
6,215
8,956
-
1,546,120
449,344
4,898
2,000,362
-
17,258
327,186
535
344,979
-
61,783
26,436
88,219
-
21
21
-
6,304,632
1,339,576
9,960
7,654,168
-
685,178
6,162
4,519,058
1,233
8,956
2,000,362
344,979
88,219
21
7,654,168
510,414
128,125
46,639
685,178
4,808
1,337
17
6,162
1,419,693
2,399,499
699,866
4,519,058
500
694
39
1,233
6,642
1,933
381
8,956
577,541
1,374,903
47,918
2,000,362
172,973
131,793
40,213
344,979
77,576
5,559
5,084
88,219
21
21
2,770,168
4,043,843
840,157
7,654,168
Note: Refer schedule 16 note 2.4 for accounting policy on acquisition cost.
308 Schedules
309
SCHEDULE - 3
Operating expenses related to insurance business
For the year ended March 31, 2014
(` 000)
Particulars
Par Life
1,573,671
51,735
236,068
144,621
40,013
9,418
126,011
154,620
3,247
19,815
244
3
800
846
157
2,163
1,519
-
1,628,252
59,868
139,147
162,909
31,127
12,002
116,230
110,403
8,843
Annuity
Non Par
12,301
638
1,095
2,450
212
234
1,448
2,709
89
2,920
43
2,388
36
183,745
13,440
30
461
433,689
132,472
113,083
58,576
34,065
53,868
89,064
3,367
3,457,729
2
725
356
727
244
478
1,377
29,990
Par Pension
16,653
1,039
245
1,371
603
273
3,930
2,097
103
3,023,471
178,810
182,587
438,006
156,603
16,477
257,721
210,723
5,812
Linked
Pension
611,013
28,961
18,426
69,810
47,908
7,838
85,518
64,064
45
57
50
4,657
1,473
283
Linked
Group
76,304
13,980
1,823
9,612
3,216
32,940
1,561
7,881
237
-
38
231,473
28,381
1,374
2,587
2
377
251
93
541,513
71,694
50
95,348
21,350
6
7,427
1,521
1,013
7,986
225
1,062,300
147,671
325,210
56,736
69,980
63,030
32,967
159,863
83,030
14,925
3,336,802
5,169
197
2,535
1,033
492
3,434
1,460
181
39,695
192
202
1,519
676
1,142
344
707
(495)
31,281
1,446,103
162,812
144,433
162,971
65,247
186,230
260,165
32,807
7,548,935
50,664
13,221
26,839
31,840
25,221
57,610
23,402
(10,770)
1,269,831
10,962
2,307
5,683
4,193
3,743
4,907
4,593
13,921
281,630
396
(129)
3,173
2,876
4,484
5,314
45
172,712
2,271,989
368,345
364,668
325,848
166,480
470,984
468,213
55,358
16,168,605
Non Par
Health
Linked Life
Linked
Health
165,230
4,511
12,656
10,284
3,934
1,025
13,275
9,994
1,175
Total
7,126,710
339,786
592,050
839,863
284,462
80,364
607,857
564,010
19,551
11,871
22,541
301
470
1,237
478
450
2,690
838
-
3,415,306
130,017
923,478
324,271
97,156
18,330
160,827
152,586
20,184
1,495
21
3,926
34
60,404
6,506
712
506
52,667
38,652
44,438
29,988
27,994
15,893
34,190
37,185
1,548,587
152
911
529
844
340
393
592
34,005
Par Life
310
786,591
21,397
126,659
81,841
27,855
11,730
83,753
56,571
2,744
Annuity
Non Par
7,439
271
352
1,188
399
79
470
588
142
Par Pension
26,281
704
1,300
3,170
1,052
878
6,249
2,077
327
2,431,814
167,881
485,566
413,582
131,237
39,807
274,148
123,194
7,859
Linked
Pension
681,261
34,537
86,048
93,966
37,313
27,588
125,019
42,169
164
24
59
3,772
933
339
10,569
78
517,741
21,824
1
363
2,836
1
1,049
176
82
578,348
55,612
20
132,620
30,127
9
13,345
2,132
661
16,263
225
1,305,243
135,982
388,431
335,363
98,336
103,800
54,793
143,595
154,081
102,052
7,166,175
550
62
657
415
212
67,760
507
13,088
97,403
263
690
2,348
1,230
2,020
1,143
1,141
1,205
53,363
529,012
139,698
123,778
129,571
89,777
132,241
179,850
105,651
6,142,480
16,012
29,293
41,144
40,873
38,900
(38,429)
20,822
17,567
1,457,947
12,775
3,915
10,036
10,344
5,585
6,454
13,900
15,631
458,964
Non Par
Health
Linked Life
Linked
Health
256,033
7,608
23,122
33,998
9,867
2,515
18,399
9,566
3,391
Linked
Group
64,103
12,719
3,407
10,562
3,296
34,867
1,353
3,771
96
7,691,369
375,435
1,650,402
963,815
308,653
136,244
672,908
391,360
34,907
Total
999,710
5
547,830
321,648
2,891
319,641
692
220,817
11,930
340,927
4,729
409,613
805
293,776
172,150 17,131,074
SCHEDULE - 3A
Expenses other than those directly related to the insurance business
For the year ended March 31, 2014
Particulars
Employees remuneration and welfare benefits
Travel, conveyance and vehicle running expenses
Rent, rates and taxes
Printing and stationery
Communication expenses
Legal and professional charges
Interest and bank charges
Information technology cost
Others
Depreciation
Total
(` 000)
March 31, 2013
35,390
29
385
49
10,174
1,619
982
27,003
1,038
76,669
SCHEDULE - 4
Benefits paid [net]
For the year ended March 31, 2014
(` 000)
Particulars
1
Par Life
Par Pension
Annuity
Non Par
Non Par
Health
Linked Life
Linked
Pension
Linked
Health
Linked
Group
Total
Insurance claims
(a)
Claims by death
212,368
15,060
1,124,238
62,738
1,378,555
778,803
4,685
84,094
3,660,541
(b)
Claims by maturity
525,074
134,486
8,197
330,513
1,036,026
2,034,296
(c)
Annuities/pension payment
952,368
952,368
(d)
Other benefits
- Surrender/withdrawal
- Survival
- Rider
967,032
4,298,117
329,948
49,162,625
50,285,398
8,022,713
113,065,833
1,166,136
1,166,136
21,591
1,595
24,555
42,164
3,301
93,206
9,305
67,946
523,728
600,979
2,892,201
4,449,258
1,496,243
1,015,106
67,946
50,913,857
52,103,528
528,413
8,106,807
121,573,359
- Health
Sub-total (A)
2
(a)
Claims by death
(359,706)
(182,390)
(993)
(543,089)
(b)
Claims by maturity
(c)
Annuities/pension payment
(d)
Other benefits
- Surrender/withdrawal
- Survival
- Rider
- Health
(2,075)
(33,761)
(254,809)
(290,645)
Sub-total (B)
(361,781)
(33,761)
(182,390)
(254,809)
(993)
(833,734)
Amount accepted in
reinsurance
(a)
Claims by death
(b)
Claims by maturity
(c)
Annuities/pension payment
(d)
Other benefits
Sub-total (C)
2,892,201
4,449,258
1,134,462
1,015,106
34,185
50,731,467
52,103,528
273,604
8,105,814
120,739,625
2,892,201
4,449,258
1,496,243
1,015,106
67,946
50,913,857
52,103,528
528,413
8,106,807
121,573,359
2,892,201
4,449,258
1,496,243
1,015,106
67,946
50,913,857
52,103,528
528,413
8,106,807
121,573,359
308 Schedules
311
SCHEDULE - 4
Benefits paid [net]
For the year ended March 31, 2013
(` 000)
Particulars
1
Par
Pension
Par Life
Annuity
Non Par
Non Par
Health
Linked Life
Linked
Pension
Linked
Health
Linked
Group
Total
Insurance claims
(a)
Claims by death
135,918
12,505
845,881
22,900
1,182,900
925,603
3,486
68,320
3,197,513
(b)
Claims by maturity
331,037
165,804
207,732
141,778
592,705
1,439,056
(c)
Annuities/pension payment
799,503
799,503
(d)
Other benefits
2,951,446
4,536,452
195,258
58,852,631
49,517,084
10,873,611
126,926,482
651,650
651,650
19,661
513
11,764
55,862
3,774
91,574
16,490
104,411
447,470
568,371
4,089,712
4,715,274
1,277,125
822,403
104,411
60,233,171
51,039,166
450,956
10,941,931
133,674,149
- Surrender/withdrawal
- Survival
- Rider
- Health
Sub-total (A)
2
(a)
Claims by death
(450,788)
(77,329)
(127)
(528,244)
(b)
Claims by maturity
(c)
Annuities/pension payment
(d)
Other benefits
- Surrender/withdrawal
- Survival
- Rider
- Health
(2,700)
(48,261)
(216,361)
(267,322)
Sub-total (B)
(453,488)
(48,261)
(77,329)
(216,361)
(127)
(795,566)
Amount accepted in
reinsurance
(a)
Claims by death
(b)
Claims by maturity
(c)
Annuities/pension payment
(d)
Other benefits
Sub-total (C)
4,089,712
4,715,274
823,637
822,403
56,150
60,155,842
51,039,166
234,595
10,941,804
132,878,583
4,089,712
4,715,274
1,277,125
822,403
104,411
60,233,171
51,039,166
450,956
10,941,931
133,674,149
4,089,712
4,715,274
1,277,125
822,403
104,411
60,233,171
51,039,166
450,956
10,941,931
133,674,149
Note: Refer schedule 16 note 2.8 for accounting policy on benefits paid.
312
SCHEDULE - 5
Share capital
Particulars
Authorised capital
1,500,000,000 Equity shares of ` 10/- each
Issued, subscribed and called-up capital
1,429,255,687 Equity shares of ` 10/- each fully paid up (Previous year: March 31, 2013 1,428,939,249 Equity share)
Total
(` 000)
March 31, 2013
15,000,000
14,292,557
14,292,557
14,289,392
14,289,392
Out of the total share capital, 1,055,310,907 shares (Previous year: March 31, 2013 - 1,055,310,907) of ` 10 each are held by the holding company, ICICI Bank Limited.
SCHEDULE - 5A
Pattern of shareholding
[As certified by the Management]
March 31, 2014
Number of shares
% of holding
Shareholder
Promoters
Indian (ICICI Bank Limited)
Foreign (Prudential Corporation Holdings Limited)
Others
Total
1,055,310,907
370,784,884
3,159,896
1,429,255,687
73.84
25.94
0.22
100.00
73.85
25.95
0.20
100.00
SCHEDULE - 6
Reserves and surplus
Particulars
Capital reserves
Capital redemption reserve
Share premium
Revaluation reserve
General reserve
Opening balance
Add: Appropriations from Profit and Loss - Refer note 3.18 of schedule 16
Closing balance
Less: Debit balance in Profit and Loss Account - Refer note 3.19 of schedule 16
Less: Amount utilized for buy-back
Catastrophe reserve
Other reserves
Balance of profit in Profit and Loss Account
Total
33,663,847
-
(` 000)
March 31, 2013
33,645,103
-
2,880,113
1,566,656
4,446,769
(4,446,769)
33,663,847
1,384,174
1,495,939
2,880,113
(2,880,113)
33,645,103
SCHEDULE - 7
Borrowings
Particulars
Debentures/bonds
Banks
Financial institutions
Others
Total
308 Schedules
(` 000)
March 31, 2013
-
313
SCHEDULE - 8
Investments- Shareholders
Particulars
Long term investment
Government securities1
(Market value at March 31, 2014: ` 12,136,145 thousands)
(Market value at March 31, 2013: ` 13,265,604 thousands)
Other approved securities
(Market value at March 31, 2014: ` 1,721,809 thousands)
(Market value at March 31, 2013: ` 2,210,664 thousands)
Other approved investments
Equity shares
(Historical value at March 31, 2014: ` 5,998,770 thousands)
(Historical value at March 31, 2013: ` 6,230,713 thousands)
Debentures/bonds
(Market value at March 31, 2014: ` 4,343,012 thousands)
(Market value at March 31, 2013: ` 4,409,885 thousands)
CCIL deposit
(Market value at March 31, 2014: ` 70,029 thousands)
(Market value at March 31, 2013: ` 60,029 thousands)
Fixed deposits
(Market value at March 31, 2014: ` 1,141,200 thousands)
(Market value at March 31, 2013: ` 3,162,753 thousands)
Investments in infrastructure/housing sector
Debentures/bonds
(Market value at March 31, 2014: ` 7,751,837 thousands)
(Market value at March 31, 2013: ` 8,730,357 thousands)
Equity shares
(Historical value at March 31, 2014: ` 328,048 thousands)
(Historical value at March 31, 2013: ` 450,153 thousands)
Other investments
Debentures/bonds
(Market value at March 31, 2014: ` 1,051,563 thousands)
(Market value at March 31, 2013: ` 655,606 thousands)
Equity shares
(Historical value at March 31, 2014: ` 647,057 thousands)
(Historical value at March 31, 2013: ` 553,372 thousands)
Short term investment
Government securities
(Market value at March 31, 2014: ` 1,844,444 thousands)
(Market value at March 31, 2013: ` 575,216 thousands)
Other approved securities
(Market value at March 31, 2014: ` 544 thousands)
(Market value at March 31, 2013: ` Nil)
Other approved investments
Debentures/bonds
(Market value at March 31, 2014: ` 447,464 thousands)
(Market value at March 31, 2013: ` 471,179 thousands)
Fixed deposits2
(Market value at March 31, 2014: ` 5,186,033 thousands)
(Market value at March 31, 2013: ` 3,601,189 thousands)
Certificate of deposits
(Market value at March 31, 2014: ` 4,863,509 thousands)
(Market value at March 31, 2013: ` 3,783,226 thousands)
314
(` 000)
March 31, 2013
12,502,889
13,213,021
1,703,767
2,205,313
7,840,062
6,699,157
4,351,641
4,327,397
70,029
60,029
1,141,200
3,162,753
7,905,914
8,619,914
306,464
444,332
1,000,000
612,153
687,195
568,336
1,844,616
575,212
545
450,064
470,273
5,186,033
3,601,189
4,863,509
3,783,226
Particulars
(` 000)
March 31, 2013
Commercial papers
(Market value at March 31, 2014: ` 1,197,393 thousands)
(Market value at March 31, 2013: ` Nil)
Collateralized borrowing and lending obligation
(Market value at March 31, 2014: ` 80,238 thousands)
(Market value at March 31, 2013: ` Nil)
Mutual fund
(Historical value at March 31, 2014: ` Nil)
(Historical value at March 31, 2013: ` 2,441 thousands)
Investments in infrastructure/housing sector
Debentures/bonds
(Market value at March 31, 2014: ` 839,263 thousands)
(Market value at March 31, 2013: ` 836,546 thousands)
Other investments
Debentures/bonds
(Market value at March 31, 2014: ` 14,174 thousands)
(Market value at March 31, 2013: ` Nil)
Mutual fund
(Historical value at March 31, 2014: ` 1,535,446 thousands)
(Historical value at March 31, 2013: ` 9,977 thousands)
Total
In India
Total
1,197,393
80,238
2,441
840,295
835,555
14,137
1,536,256
9,977
53,522,247
53,522,247
53,522,247
49,190,278
49,190,278
49,190,278
1.
Includes ` 102,361 thousand (Market value: ` 102,189 thousand) of securities under Section 7 of Insurance Act, 1938 at March 31, 2014. [At March 31, 2013: ` 104,595 thousand (Market
value: ` 104,331 thousand)]
2.
Includes fixed deposit of ` 1,050,200 thousand (at March 31, 2014 and March 31, 2013: ` 1,050,100 thousand) and ` 300,100 thousand (at March 31, 2014 and March 31, 2013: ` 100,000
thousand) deposited with National Securities Clearing Corporation Limited and Indian Clearing Corporation Limited respectively towards margin requirement for equity trade settlement - Refer
note 3.3 of schedule 16
3.
Particulars
Aggregate amount of Companys investments other than equity securities and mutual fund
42,927,216
41,217,482
42,463,603
41,513,702
8,469,831
7,234,538
Aggregate amount of Companys investments in mutual fund and equity (at historical cost)
4.
Investments made out of Catastrophe reserve is ` Nil (at March 31, 2014 and March 31, 2013)
5.
Debt securities are held to maturity and reduction in market values represent market conditions and not a permanent dimunition in value of investments, if any.
Note: Refer schedule 16 note 2.11 for accounting policy related to investments.
308 Schedules
315
SCHEDULE - 8A
Investments - Policyholders
(` 000)
Particulars
Par Life
Long term investment
Government securities1
(Market value : ` 61,316,479 thousands)
Other approved securities
(Market value : ` 10,229,683 thousands)
Other approved investments
Equity shares
(Historical value : ` 7,883,275 thousands)
Preference shares
(Market value : ` 18,496 thousands)
Debentures/bonds
(Market value : ` 13,219,519 thousands)
Property
(Historical value : ` 185,521 thousands)
CCIL deposit
(Market value : ` 71 thousands)
Fixed deposits
(Market value : ` 2,131,500 thousands)
Investments in infrastructure/housing sector
Equity shares
(Historical value : ` 1,896,245 thousands)
Debentures/bonds
(Market value : ` 19,055,050 thousands)
Other investments
Equity shares
(Historical value : ` 456,622 thousands)
Debentures/bonds
(Market value : ` 365,034 thousands)
Venture fund
(Market value : ` Nil)
Short term investment
Government securities
(Market value : ` 1,003,049 thousands)
Other approved securities
(Market value : ` 366,707 thousands)
Other approved investments
Debentures/bonds
(Market value : ` 605,748 thousands)
Fixed deposits
(Market value : ` 1,086,200 thousands)
Certificate of deposits
(Market value : ` 4,964,564 thousands)
Collateralized borrowing and lending obligation
(Market value : ` 5,885 thousands)
Mutual fund
(Historical value : ` 2,089,795 thousands)
Investments in infrastructure/housing sector
Debentures/bonds
(Market value : ` 2,305,971 thousands)
Commercial paper
(Market value : ` 922,369 thousands)
Other investments
Mutual fund
(Historical value : ` 3,087,006 thousands)
Venture fund
(Market value : ` 538,000 thousands)
Total
In India
Total
1.
316
Non Par
Annuity
Non Par
Health
Linked Life
Linked
Pension
Linked
Health
Linked
Group
Total
21,058,528
4,056,025
25,264,433
10,696,431
495,709
2,663,595
921,930
265,945
65,422,596
4,727,702
2,261,814
2,565,706
1,117,565
21,434
6,521
10,700,742
5,236,980
927,194
6,431,288
12,595,462
9,269
9,269
4,550,646
3,474,854
3,004,064
1,432,497
80,000
485,174
279,764
15,000
216,547
13,538,546
427,200
427,200
854,400
51
18
71
715,500
293,500
544,500
356,000
173,000
49,000
2,131,500
565,010
86,762
1,186,888
1,838,660
6,051,696
3,547,752
5,736,365
2,133,135
150,000
1,378,846
371,544
19,802
124,601
19,513,741
170,972
422,139
593,111
349,741
37,500
387,241
1,003,049
1,003,049
370,958
370,958
250,000
257,699
70,000
30,000
607,699
489,000
497,200
100,000
1,086,200
816,854
1,796,771
28,184
818,528
1,107,464
310,256
63,419
23,088
4,964,564
5,885
5,885
2,081,341
7,406
1,933
256
2,090,936
391,028
170,151
1,650,268
100,000
2,311,447
146,063
776,306
922,369
1,617,080
1,454,072
17,486
160
3,088,798
529,832
529,832
48,103,101
48,103,101
48,103,101
17,824,214
17,824,214
17,824,214
52,535,654
52,535,654
52,535,654
16,554,156
16,554,156
16,554,156
743,195
743,195
743,195
6,106,970
6,106,970
6,106,970
1,970,966
1,970,966
1,970,966
98,477
98,477
98,477
630,343
630,343
630,343
144,567,076
144,567,076
144,567,076
Government securities of ` 1,321,747 thousand with market value of ` 1,227,178 thousand (at March 31, 2013 : ` 794,986 thousand with market value of ` 807,356 thousand ) has been deposited
with Clearing Corporation of India Limited (CCIL) as Settlement Guarantee Fund (SGF) deposit. Government securities of ` 207,303 thousand with market value of ` 185,182 thousand (at March
31, 2013: ` 207,632 thousand with market value of ` 203,300 thousand) has been deposited with CCIL for trades in the Collateralized borrowing and lending obligation segment - Refer note 3.3 of
schedule 16
2.
Particulars
Aggregate amount of Companys investments other than equity securities, mutual fund & derivative instruments
Market value of above investments
Aggregate amount of Companys investments in mutual fund, equity & investment property (at historical cost)
3.
4.
5.
(` 000)
March 31, 2013
100,464,714
100,775,386
9,222,652
For investments in holding company and other related entities - Refer note 3.11 of schedule 16.
Investments made out of Catastrophe reserve is ` Nil.
Debt Securities are held to maturity and reduction in market values represent market conditions and not a permanent diminution in value of investments, if any.
Note: Refer schedule 16 note 2.11 for accounting policy related to investments.
SCHEDULE - 8A
Investments - Policyholders
(` 000)
March 31, 2013
Particulars
Long term investment
Government securities1
(Market value : ` 42,171,992 thousands)
Other approved securities
(Market value : ` 15,640,521 thousands)
Other approved investments
Equity shares
(Historical value : ` 5,295,082 thousands)
Preference shares
(Market value : ` Nil)
Debentures/bonds
(Market value : ` 9,693,507 thousands)
Property
(Historical value : ` 185,521 thousands)
CCIL deposit
(Market value : ` 71 thousands)
Fixed deposits
(Market value : ` 3,540,100 thousands)
Investments in infrastructure/housing sector
Equity shares
(Historical value : ` 1,054,382 thousands)
Debentures/bonds
(Market value : ` 18,485,726 thousands)
Other investments
Equity shares
(Historical value : ` 583,412 thousands)
Debentures/bonds
(Market value : ` 127,385 thousands)
Venture fund
(Market value : ` 590,805 thousands)
Short term investment
Government securities
(Market value : ` 1,983,599 thousands)
Other approved securities
(Market value : ` Nil)
Other approved investments
Debentures/bonds
(Market value : ` 629,947 thousands)
Fixed deposits
(Market value : ` 4,056,500 thousands)
Certificate of deposits
(Market value : ` 756,769 thousands )
Collateralized borrowing and lending obligation
(Market value : ` 1,924,244 thousands)
Mutual fund
(Historical value : ` 2,104,255 thousands)
Par
Pension
Par Life
Non Par
Annuity
Non Par
Health
Linked Life
Linked
Pension
Linked
Health
Linked
Group
Total
14,581,091
2,983,399
14,034,495
8,087,708
191,529
1,744,726
491,664
50,963
161,811
42,327,386
6,780,894
2,368,157
2,815,762
2,141,167
740,103
455,737
197,935
15,499,755
3,253,382
929,471
3,616,872
7,799,725
3,512,733
2,429,514
1,767,877
1,370,142
293,917
185,042
9,559,225
445,000
445,000
890,000
51
18
71
1,214,600
553,500
841,500
356,000
434,600
99,500
40,400
3,540,100
245,832
91,386
635,492
972,710
5,815,960
3,321,950
4,373,728
2,141,506
50,000
1,620,329
660,532
19,800
300,952
18,304,757
291,973
345,929
637,902
89,885
37,500
127,385
580,365
580,365
195,938
884,116
362,183
443,501
97,860
1,983,598
250,000
150,175
50,000
80,000
70,000
30,000
630,175
820,000
2,596,500
400,000
240,000
4,056,500
498,663
258,106
756,769
462,707
1,135,719
325,819
1,924,245
150,801
1,725,468
103,469
89,910
11,783
17,489
5,907
2,104,827
308 Schedules
317
(` 000)
March 31, 2013
Particulars
Investments in infrastructure/housing sector
Debentures/bonds
(Market value : ` 585,376 thousands)
Commercial paper
(Market value : ` 588,844 thousands)
Other investments
Mutual fund
(Historical value : ` Nil)
Venture fund
(Market value : ` Nil)
Total
In India
Total
Par
Pension
Par Life
Annuity
Non Par
Non Par
Health
Linked Life
Linked
Pension
Linked
Health
Linked
Group
Total
150,291
150,000
150,172
70,094
64,982
585,539
588,844
588,844
38,841,452
38,841,452
38,841,452
18,537,550
18,537,550
18,537,550
31,603,928
31,603,928
31,603,928
14,422,342
14,422,342
14,422,342
788,499
788,499
788,499
5,571,590
5,571,590
5,571,590
2,279,258
2,279,258
2,279,258
118,252
118,252
118,252
707,007
707,007
707,007
112,869,878
112,869,878
112,869,878
1.
Government securities of ` 1,321,747 thousand with market value of ` 1,227,178 thousand (at March 31, 2013 : ` 794,986 thousand with market value of ` 807,356 thousand ) has been deposited
with Clearing Corporation of India Limited (CCIL) as Settlement Guarantee Fund (SGF) deposit. Government securities of ` 207,303 thousand with market value of ` 185,182 thousand (at March
31, 2013: ` 207,632 thousand with market value of ` 203,300 thousand) has been deposited with CCIL for trades in the Collateralized borrowing and lending obligation segment - Refer note 3.3 of
schedule 16
2.
(` 000)
March 31, 2013
Aggregate amount of Companys investments other than equity securities, mutual fund & derivative instruments
123,505,709
100,464,714
118,134,325
100,775,386
15,598,464
9,222,652
Aggregate amount of Companys investments in mutual fund, equity & investment property (at historical cost)
3.
For investments in holding company and other related entities -Refer note 3.11 of schedule 16.
4.
Investments made out of Catastrophe reserve is ` Nil.
5.
Debt Securities are held to maturity and reduction in market values represent market conditions and not a permanent diminution in value of investments, if any.
Note: Refer schedule 16 note 2.11 for accounting policy related to Investments.
SCHEDULE - 8B
Assets held to cover linked liabilities
(` 000)
Particulars
Linked Life
Funds
Linked Pension
Funds
Linked Group
Funds
Total
34,602,593
9,809,727
300,164
6,529,422
51,241,906
3,194,478
2,676,669
60,714
2,010,767
7,942,628
181,231,303
111,941,548
2,740,528
6,798,378
302,711,757
134,318
51,036
1,585
186,939
9,260,561
6,829,856
153,109
6,365,824
22,609,350
3,599,976
1,741,006
10,111
2,134,307
7,485,400
16,450,046
12,933,299
307,265
243,045
29,933,655
14,832,104
7,718,522
171,981
6,372,800
29,095,407
318
(` 000)
Particulars
Linked Life
Funds
Other investments
Equity shares
(Historical value : ` 21,360,717 thousands)
Debentures/bonds
(Historical value : ` 238,054 thousands)
Venture fund
(Historical value : ` Nil)
Short term investments
Government securities
(Historical value : ` 4,219,206 thousands)
Other approved investments
Debentures/bonds
(Historical value : ` 4,741,181 thousands)
Certificate of deposit
(Historical value : ` 28,796,669 thousands)
Commercial papers
(Historical value : ` 11,890,751 thousands)
Fixed deposits
(Historical value : ` 37,642,458 thousands)
Collateralized borrowing and lending obligation
(Historical value : ` 912,355 thousands)
Mutual fund
(Historical value : ` 2,886,513 thousands)
Linked Pension
Funds
Linked Group
Funds
Total
12,159,002
7,653,376
340,222
663,419
20,816,019
138,661
49,970
9,994
37,126
235,751
3,921,317
336,425
1,766
4,209
4,263,717
1,588,553
1,834,710
14,897
1,322,703
4,760,863
13,681,873
8,389,956
234,465
6,701,098
29,007,392
5,393,870
4,110,869
69,942
2,576,546
12,151,227
16,115,881
12,558,961
174,338
8,793,278
37,642,458
324,129
432,254
8,879
148,287
913,549
1,769,565
806,014
47,681
265,036
2,888,296
3,571,767
3,090,426
76,932
2,207,845
8,946,970
6,770,162
5,885,815
12,989
2,823,890
15,492,856
319,137
253,654
6,021
550,210
1,129,022
1,167,983
524,975
101,325
502,932
2,297,215
15,735
15,735
5,967,718
336,210,732
336,210,732
336,210,732
2,880,478
202,509,546
202,509,546
202,509,546
160,540
5,005,448
5,005,448
5,005,448
2,327,473
59,378,595
59,378,595
59,378,595
11,336,209
603,104,321
603,104,321
603,104,321
For investments in holding company and other related entities - Refer note 3.11 of schedule 16.
Equity shares includes shares transferred under securities lending and borrowing scheme (SLB) where the Company retains all the associated risk and rewards on these securities - Refer note
3.7 of schedule 16
* Includes rights entitlement where renouncement period has not expired as at the Balance Sheet date.
Note: Refer schedule 16 note 2.11 for accounting policy related to investments.
308 Schedules
319
SCHEDULE - 8B
Assets held to cover linked liabilities
(` 000)
Particulars
Linked Life
Funds
Linked Pension
Funds
Linked Group
Funds
27,103,152
11,339,898
158,470
7,359,991
45,961,511
892,351
150,615
12,684
25,190
1,080,840
162,107,021
125,349,783
1,973,324
5,829,233
295,259,361
10,111,342
7,784,994
137,613
6,638,434
24,672,383
6,357,535
6,717,724
67,427
5,918,171
19,060,857
17,359,651
15,064,038
241,150
419,910
33,084,749
16,103,498
11,234,508
171,542
8,176,511
35,686,059
14,279,796
11,743,640
272,394
531,184
26,827,014
601,412
512,852
20,018
739,348
1,873,630
16,258
16,258
245,128
245,128
2,067,633
1,960,633
9,563
1,198,787
5,236,616
14,778,620
10,285,230
332,620
6,549,599
31,946,069
384,515
452,417
1,885
811,037
1,649,854
8,430,977
7,734,248
172,158
5,812,717
22,150,100
47,938
22,726
836
3,599
75,099
2,013,143
1,295,717
46,297
355,079
3,710,236
2,105,573
2,138,878
17,164
1,728,564
5,990,179
1,538,169
2,395,374
4,329
1,440,997
5,378,869
760,060
319,403
172,164
552,081
1,803,708
6,285,146
293,588,918
293,588,918
293,588,918
4,047,559
220,550,237
220,550,237
220,550,237
7,522
3,819,160
3,819,160
3,819,160
3,159,527
57,249,959
57,249,959
57,249,959
13,499,754
575,208,274
575,208,274
575,208,274
1 For investments in holding company and other related entities refer note 3.11 of schedule 16.
Note: Refer schedule 16 note 2.11 for accounting policy related to investments.
320
Total
SCHEDULE - 9
Loans
Particulars
1. Security-wise classifications
Secured
(a) On mortgage of property
(aa) In India
(bb) Outside India
(b) On Shares, bonds, Govt securities, etc.
(c) Loans against policies
(d) Others
Unsecured
Total
2. Borrower wise classification
(a) Central and State Governments
(b) Banks and financial institutions
(c) Subsidiaries
(d) Companies
(e) Policyholders - loans against policies
(f) Others
Total
3. Performance-wise classification
(a) Loans classified as standard
(aa) In India
(bb) Outside India
(b) Non-standard loans less provisions
(aa) In India
(bb) Outside India
Total
4. Maturity-wise classification
(a) Short-term
(b) Long-term
Total
(` 000)
March 31, 2013
119,076
119,076
87,469
87,469
119,076
119,076
87,469
87,469
119,076
-
87,469
-
119,076
87,469
6,513
112,563
119,076
4,026
83,443
87,469
SCHEDULE - 10
Fixed assets
(` 000)
Gross block
Particulars
Intangible assets
Goodwill
Software1
Tangible assets
Freehold land
Improvements to leasehold property
Office buildings on freehold land
Furniture and fixtures
Information technology equipment
Motor vehicles
Office equipment
Communication networks
Total
Capital work in progress including capital
advances
Total
At March 31, 2013
At April
1,2013
Additions
Deductions
At March
31, 2014
At April 1,
2013
Depreciation
For the
Deductions
year
At March
31, 2014
Net block
At March
At March
31, 2014
31, 2013
745,838
129,180
875,018
577,444
106,191
683,635
191,383
168,394
903,280
1,405,205
89,000
124,949
206,304
54,936
236,271
89,401
3,855,184
-
149,141
38,477
228,934
3,779
55,314
201,057
805,882
-
178,775
12,548
30,440
3,985
27,254
570
253,572
-
903,280
1,375,571
89,000
150,878
404,798
54,730
264,331
289,888
4,407,494
-
1,099,397
8,714
101,638
127,045
18,254
196,527
72,151
2,201,170
-
180,518
1,451
42,802
77,619
10,522
25,415
24,922
469,440
-
176,664
11,841
17,077
1,520
26,259
529
233,890
-
1,103,251
10,165
132,599
187,587
27,256
195,683
96,544
2,436,720
-
903,280
272,320
78,835
18,279
217,211
27,474
68,648
193,344
1,970,774
46,390
903,280
305,808
80,286
23,311
79,259
36,682
39,744
17,250
1,654,014
69,970
3,855,184
4,189,575
805,882
319,663
253,572
657,726
4,407,494
3,851,512
2,201,170
2,431,078
469,440
409,790
233,890
641,770
2,436,720
2,199,098
2,017,164
-
1,723,984
-
308 Schedules
321
SCHEDULE - 11
Cash and bank balances
Particulars
(b)
(c)
Deposit account :
(aa) Short-term (due within 12 months of the date of Balance Sheet)
(bb) Others
Current accounts
Others
(` 000)
March 31, 2013
1,689,481
418,919
-
1,558,196
-
1,934,431
6,910
3,247,677
4,775
1,918,608
15,823
1,934,431
3,239,992
7,685
3,247,677
With banks
With other institutions
Others
Total
SCHEDULE - 12
Advances and other assets
Particulars
(` 000)
March 31, 2013
Advances
Reserve deposits with ceding companies
Application money for investments (including advance for investment property)
Prepayments
Advances to directors/officers
Advance tax paid and taxes deducted at source
Deposits
Gross
Less: Provision for doubtful deposits
Net
Other advances
Gross
Less: Provision for doubtful advances
Net
Other receivables
Gross
Less: Provision for doubtful receivables
Net
Total (A)
Other Assets
Income accrued on investments and deposits
Outstanding premiums
Agents balances
Gross
Less: Provision for doubtful agents balance
Net
Foreign agencies balances
Due from other entities carrying on insurance business (including reinsurers)
Deposit with Reserve Bank of India
Receivable towards investments sold
Service tax un-utilised credit
Total (B)
Total (A+B)
322
36,374
180,781
1,557,152
133,413
1,452,325
415,249
(48,873)
366,376
421,160
(71,129)
350,031
104,962
(13,479)
91,483
276,241
(25,718)
250,523
177,660
(59,738)
117,922
2,350,088
156,302
(45,589)
110,713
2,297,005
4,920,889
1,624,361
4,282,324
1,221,345
154,569
(140,056)
14,513
45,933
526,027
155,636
7,287,359
9,637,447
195,377
(170,914)
24,463
16,253
1,860,289
152,449
7,557,123
9,854,128
SCHEDULE - 13
Current liabilities
Particulars
Agents balances
Balances due to reinsurance companies
Deposits held on re-insurance ceded
Premium received in advance
Unallocated premium
Sundry creditors
Due to holding company - Refer note 3.11 of schedule 16
Claims outstanding
Due to officers/ directors
Deposits
Expenses payable
TDS payable
Payable towards investments purchased
Unclaimed amount of Policyholders
Payable to unit fund
Service tax payable
Other liabilities
Total
(` 000)
March 31, 2013
1,026,686
127,275
1,086,387
357,827
192,087
131,666
67,998
13,243
5,631,274
237,320
2,157,613
4,128,634
3,188,825
14,819
70,864
18,432,518
SCHEDULE - 14
Provisions
Particulars
For taxation
For proposed dividends
For dividend distribution tax - Refer note 3.18 of schedule 16
For leave encashment and gratuity - Refer note 3.13 of schedule 16
Total
(` 000)
March 31, 2013
1,414,650
240,420
98,080
1,753,150
SCHEDULE - 15
Miscellaneous expenditure
(To the extent not written off or adjusted)
Particulars
Discount allowed in issue of shares/debentures
Others
Total
308 Schedules
(` 000)
March 31, 2013
-
323
SCHEDULE: 16
Significant accounting policies and notes forming part of the
financial statements for the year ended March 31, 2014
1. Corporate information
These financial statements comprise of the consolidated financial
statements of ICICI Prudential Life Insurance Company Limited, the Parent
Company, with the financial statements of its subsidiary ICICI Prudential
Pension Funds Management Company Limited.
ICICI Prudential Life Insurance Company Limited (`the Company), a joint
venture between ICICI Bank Limited and Prudential Corporation Holdings
Limited, was incorporated on July 20, 2000 as a company under the
Companies Act, 1956 (`the Act). The Company is licensed by the
Insurance Regulatory and Development Authority (`IRDA) for carrying life
insurance business in India. The license has been renewed annually and is
in force as at March 31, 2014.
The Company carries on business of providing life insurance, pensions
and health insurance to individuals and groups. Riders providing additional
benefits are offered under some of these products. The business is
conducted in participating, non-participating and unit linked lines of
businesses. These products are distributed through individual agents,
corporate agents, banks, brokers, the Companys proprietary sales force
and the Company website.
ICICI Prudential Pension Funds Management Company Limited (`the
Subsidiary) is a wholly owned subsidiary of ICICI Prudential Life Insurance
Company Limited, incorporated on April 22, 2009 as a company under the
Companies Act, 1956 (`the Act) and received certificate to commence
business on April 28, 2009. The Subsidiary is licensed by the Pension Funds
Regulatory and Development Authority (`PFRDA) for acting as a Pension
Fund Manager for the management of the Pension funds under the National
Pension System introduced by the Central Government.
324
In accordance with the Guidance Note on Accounting for Employee Sharebased Payments, the Company follows the intrinsic value method to
account for its share-based employee compensation plans. Compensation
cost is measured as the excess, if any, of the fair market price of the
underlying stock over the exercise price on the grant date and amortised
over the vesting period. The fair value of the shares is determined based on
an external valuation report.
The Company has both defined contribution and defined benefit plans.
Defined contribution plan
The Company has a defined contribution scheme for Superannuation for its
employees. Contributions to the Superannuation scheme are made on a
monthly basis, when due, and charged to Revenue account and Profit and
Loss account, as applicable. The expenses are booked on an undiscounted
basis. The Company has no further obligation beyond the monthly
contribution. The scheme is managed by ICICI Prudential Life Insurance
Company Limited Superannuation Scheme.
Defined benefit plans
Gratuity and Provident fund are defined benefit obligations.
The Company recognises the net obligation of the Scheme in Balance Sheet
as an asset or liability, respectively in accordance with Accounting Standard
(AS) 15 (revised 2005), Employee benefits. The discount rate used for
estimation of liability is based on Government securities yield. Gain or loss
arising from change in actuarial assumptions/experience adjustments
is recognised in the Revenue account and Profit or Loss account for the
period in which they emerge. Expected long-term rate-of-return on assets
308 Schedules
325
Venture fund units are valued at the latest available net asset value of the
respective fund.
Listed equity shares at the Balance Sheet date are stated at fair value
being the last quoted closing price on the National Stock Exchange of India
Limited (NSE) (in case the securities are not listed on NSE, the last quoted
closing price on the BSE Limited (BSE) is used). Unlisted equity shares are
stated at historical cost. Equity shares lent under the Securities Lending and
Borrowing scheme (SLB) continue to be recognised in the Balance Sheet as
the Company retains all the associated risks and rewards of these securities.
Securities with call option are valued at the lower of the value as obtained by
valuing the security upto final maturity date or the call option date. In case there
are multiple call options, the security is valued at the lowest value obtained by
valuing the security at various call dates or upto the final maturity date.
Mutual fund units are valued at the latest available net asset values of the
respective fund.
326
Securities with put option are valued at the higher of the value as obtained
by valuing the security upto final maturity date or the put option date. In
case there are multiple put options, the security is valued at the highest
value obtained by valuing the security at various put dates or upto the final
maturity date.
The securities with both put and call option on the same day would be
deemed to mature on the put/call date and would be valued on a yield to
maturity basis, by using spreads over the benchmark rate based on the
matrix released by CRISIL.
the date of being ready to use, up to the date of sale, based on estimated
useful life for each class of asset.
2.13.2. Intangibles
Assets not ready for their intended use and other capital work-in-progress
are carried at cost, comprising direct cost and related incidental expenses.
2.14. Taxation
Income tax expense comprises of current tax (i.e. amount of tax for the year
determined in accordance with the Income Tax Act, 1961) and deferred tax
charge or credit (reflecting the tax effects of timing differences between
accounting income and taxable income for the year).
Instruments bought on `reverse repo basis are valued at cost plus interest
accrued on reverse repo rate.
Unrealised gains and losses are recognised in the Revenue account as
prescribed by IRDA (Preparation of Financial Statements and Auditors
Report of Insurance Companies) Regulations 2002.
Depreciation rates
1.63%
Depreciated over the lease period,
subject to a maximum of 9 years
15%
25%
33.3%,
except for tablets which is 50%
25%
20%
308 Schedules
Current tax is the amount expected to be paid to the tax authorities after
taking credit for allowances and exemptions in accordance with the Income
Tax Act, 1961.
The deferred tax asset and liabilities are recognised using the tax rates that
have been enacted or substantively enacted by the Balance Sheet date.
Deferred tax assets are recognised and carried forward only to the extent
there is reasonable certainty that sufficient future taxable income will be
available against which such deferred tax assets can be realised. However,
deferred tax asset in respect of unabsorbed depreciation or carried forward
loss are recognised only if there is a virtual certainty of realisation of such
assets. Deferred tax assets are reviewed at each Balance Sheet date and
written down or written up to reflect the amount that is reasonable/virtually
certain (as the case may be) to be realised.
The Company allocates tax to the participating lines of business in order
to ensure that the expenses pertaining to and identifiable with a particular
line of business are represented as such to enable a more appropriate
presentation of the financial statements. Accordingly, tax charge/credit on
surplus/deficit arising from the participating line of business is disclosed
separately in the Revenue account.
2.14.2. Indirect taxes
Service tax liability on life insurance service is set-off against the service tax
credits available from tax paid on input services. Unutilised credits, if any,
327
are carried forward for future set-off, where there is reasonable certainty
of utilisation.
2.15. Provisions and contingencies
Provisions are recognised in respect of present obligations as a result of a
past event and it is probable that an outflow of resources will be required
and a reliable estimate can be made of the amount of the obligation. A
disclosure of a contingent liability is made when there is a possible
obligation or present obligations that may, but probably will not, require an
outflow of resources or it cannot be reliably estimated. When there is a
possible obligation or a present obligation in respect of which the likelihood
of outflow of resources is remote, no provision or disclosure is made.
Contingent assets are neither recognised nor disclosed.
2.16. Segmental reporting
In case of Life insurance business, based on the primary segments
identified under IRDA (Preparation of Financial Statements and Auditors
Report of Insurance Companies) Regulations 2002 (the Regulations) read
with AS 17 on Segmental Reporting prescribed in the Companies Act,
1956 and rules thereunder, the Company has classified and disclosed
segmental information separately for Shareholders and Policyholders.
Within Policyholders, the businesses are further segmented into
Participating (Life and Pension for Group and Retail segments put together),
Non-Participating, Linked (Life, Pension, Health and Group), Health and
Annuity.
There are no reportable geographical segments, since all business is
written in India.
The allocation of revenue, expenses, assets and liabilities to specific
segments is done in the following manner, which is applied on a consistent
basis.
Revenue, expenses, assets and liabilities that are directly identifiable
to the segment are allocated on actual basis;
Other revenue, expenses (including depreciation and amortisation),
assets and liabilities that are not directly identifiable to a segment are
allocated based on the relevant drivers which includes:
Number of policies
Weighted annualised first year premium income
Annualised premium since inception
Sum assured
Total premium income
Medical cases
Funds under management
Commission
Total operating expenses (for assets and liabilities)
Use of asset (for depreciation expense)
328
3. Notes to Accounts
3.1. Contingent liabilities
Particulars
Partly-paid up investments
Claims, other than those under policies, not acknowledged as debts comprising of:
- Claims made by vendors for disputed payments
- Claims for damages made by landlords (of premises taken on lease)
- Claims made by employees and advisors for disputed dues and compensation
Underwriting commitments outstanding (in respect of shares and securities)
Guarantees given by or on behalf of the Company (refer note 1)
Statutory demands/liabilities in dispute, not provided for (refer note 2)
Reinsurance obligations to the extent not provided for
Policy related claims under litigation in different consumer forums:
- Claims for service deficiency
- Claims against repudiation
Others (refer note 3)
Total
(` 000)
At March 31, 2013
-
101,258
43,675
4,086
1,000
-
101,038
35,731
2,955
1,000
1,590
-
155,220
146,586
1,536,996
1,987,821
155,916
137,984
1,350,000
1,785,214
Notes:
1. ` 1,000 thousand (Previous year: ` 1,000 thousand) guarantee placed with Pension Funds Regulatory and Development Authority (PFRDA).
2. ` 1,590 thousand pertains to a demand from Profession Tax authority, West Bengal which was settled in the Companys favour during the year ended March 31, 2014.
3. ` 1,536,996 thousand is on account of objections raised by office of the Commissioner of Service tax, Mumbai (through the Service Tax audit under
EA-2000) on certain positions taken by the Company).
b.
c.
d.
The liability for the unexpired portion of the risk for the non-unit liabilities of
linked business and attached riders is the greater of liability calculated using
discounted cash flows and unearned premium reserves.
e.
f.
An unexpired risk reserve and a reserve in respect of claims incurred but not
reported is held for one year renewable group term insurance.
g.
The unit liability in respect of linked business is the value of the units
standing to the credit of policyholders, using the Net Asset Value (`NAV)
prevailing at the valuation date.
The interest rates used for valuing the liabilities are in the range of 4.87% to
5.77% per annum (The previous years rates were 4.43% to 6.26%).
Mortality rates used are based on the published Indian Assured Lives
Mortality (2006 2008) Ult. mortality table for assurances and LIC (a)
96-98 table for annuities adjusted to reflect expected experience. Morbidity
rates used are based on CIBT 93 table, adjusted for expected experience, or
on risk rates supplied by reinsurers.
Expenses are provided for at least at current levels in respect of renewal
expenses, with no allowance for any future improvement but with an allowance
for any expected worsening. Per policy renewal expenses are assumed to
inflate at 4.84% (The inflation assumption for the previous year was 5.41%).
Certain explicit additional provisions are made, which include the following:
a.
Reserves for additional expenses that the Company may have to incur if
it were to close to new business twelve months after the valuation date.
308 Schedules
329
Particulars
Pledged under securities segment
Government securities
Cash
Pledged under CBLO segment (Collateralized Borrowing and Lending Obligation)
Government securities
Cash
3.4. Commitments
Commitments made and outstanding (net of advances) for Companys
investment in Real estate (Investment property) is ` 1,064,037 thousand
(March 31, 2013: ` Nil).
Estimated amount of contracts remaining to be executed on fixed assets to
the extent not provided for (net of advance) is ` 117,217 thousand (March
31, 2013: ` 180,842 thousand).
1,227,178
70,000
1,321,747
70,000
807,356
60,000
794,986
60,000
185,182
100
207,303
100
203,300
100
207,632
100
There are no loan commitments made by the Company (March 31, 2013: ` Nil).
At April 1, 2013
(Charge)/ Credit
for the year
12,828
65,369
78,197
(12,828)
(50,074)
(62,902)
15,295
15,295
(201)
(201)
5
5
(196)
(196)
*The deferred tax asset on carried forward unabsorbed losses was recognised based on estimated taxable profit expected to contractually be earned in the future from the
current in-force life insurance contracts.
330
Deferred tax charge for the year ended March 31, 2014 is ` 62,897
thousand (March 31, 2013: ` 975,209 thousand).
An amount of ` 384,181 thousand (March 31, 2013: ` 234,428 thousand)
has been charged on the total surplus in the participating line of business in
line with the Companys accounting policy. As the Company has unabsorbed
losses as per Income Tax Act there is no current tax liability, the tax on total
surplus of participating line of business has been offset by a corresponding
credit in the Profit and Loss account.
account and the Profit and Loss account for the year ended March 31, 2014
is ` 299,104 thousand (year ended March 31, 2013: ` 343,632 thousand).
The future minimum lease payments in respect of these non-cancellable
leases at the Balance Sheet date are summarised below:
Particulars
Not later than one year
Later than one year but not later
than five years
Later than five years
(` 000)
March 31, 2013
300,853
418,620
Significant influence
308 Schedules
331
The following represents significant transactions between the Company and its related parties:
(` 000)
Name of related party
ICICI Bank Limited
Relation
Holding company
Nature of transaction
Premium
Interest income on investments
FY2014
94,817
FY2013
95,275
20,443
64,262
19,305
2,471
899
1,162
494
4,766
15
1,135
(70,948)
(61,430)
Recovery of expenses
- Rent, rates and taxes
- Employees remuneration and
welfare benefits
- Agents training, recruitment and
incentives
Benefits paid
- Claim by death
Reimbursement of other expenses
- Legal and professional charges
(1,350)
(797)
(138)
(322)
(27,503)
(9,498)
(27,503)
(9,498)
(44)
(853)
(110)
(46)
(204)
(243,319)
(175,082)
(64,384)
(51,771)
(1,645,409)
(266,465)
(291,109)
Commission
(3,478,901)
(3,680,159)
(59,320)
(66,622)
(6,966)
(104,865)
(96,183)
(8,993)
(8,073,128)
(3,271,464)
(2,212)
(130)
(1,407,146)
1,745
(6,138,806)
(4,088,018)
2,448,412
3,056,895
5,00,000
1,050,030
Outstanding investments
1,245,356
1,492,638
(230,266)
1,895,215
(2,216,153)
(1,044,248)
(681)
Purchase of investments
Sale of investments
Redemption of investments
Proposed dividend
ICICI Securities Limited
Fellow subsidiary
Premium
2,505
1,209
(173)
(123,534)
(54,719)
(51,196)
Commission
(272,036)
(342,625)
(9,444)
(25,850)
(12,628)
(9,192)
(429)
(102)
52,467
2,273
2,638
(718)
(358)
63,856
125,594
37,068
40,087
22
(503)
- Miscellaneous Expenses
(126)
(118)
(5)
597,000
2,50,000
499,123
746,387
Brokerage
Sale of investments
ICICI Venture Funds Management
Company Limited
ICICI Home Finance Company Limited
Fellow subsidiary
Fellow subsidiary
Premium
Interest income on investments
Recovery of expenses
- Rent, rates and taxes
Reimbursement of other expenses
Commission
Redemption of investments
Sale of investments
Outstanding investments
ICICI Securities Primary Dealership
Fellow subsidiary
Limited
Premium
Interest income on investments
Purchase of investments
Subscription to primary market
issuance
Sale of investments
Outstanding investments
332
352
322
(255)
(221)
75,350
53,858
35,967
14,542
(3,330,056)
(5,277,860)
(2,50,000)
2,064,848
5,358,050
782,816
562,968
(` 000)
Name of related party
ICICI Prudential Asset Management
Company Limited
ICICI Lombard General Insurance
Relation
Fellow subsidiary
Fellow subsidiary
Company Limited
Nature of transaction
Premium
FY2014
2,777
Premium
5,774
5,679
(591)
(2,000)
607
12,000
Benefits paid
Claims received (loss of asset)
FY2013
1,558
Limited
(257)
(195)
53,755
42,047
(1,696,367)
887,478
(115)
1,157
1,272
7,684
6,818
1,465
2,557
(1,918)
(1,852)
(1,494)
(1,661)
(17,018)
( 25,947)
(13,629)
(25,947)
(7,961)
(169,343)
676,905
Sale of investments
Prudential Corporation Holdings
(6,546)
(182,935)
Recovery of expenses
(2,836,504)
(1,149,433)
Proposed dividend
Premium income
Contribution to trust
109,154
(109,134)
194,593
(194,595)
(778,648)
(287)
-
(366,898)
(308)
-
Significant influence
Premium income
Contribution to trust
8,830
(8,830)
8,958
(8,958)
Significant influence
Contribution to trust
(205,435)
(211,880)
(32,061)
(36,087)
Significant influence
Key management
Premium
1,292
710
personnel
Dividend
(144)
(9)
(127)
(156,629)
(136,255)
1,195,375
1,137,500
257
(5)
27
-
77,500
-
30
-
Relatives of key
management
personnel
Managerial remuneration
Employees remuneration and
welfare benefits
Employee stock options
outstanding (numbers)
Employee stock options exercised1
Premium income
Benefits paid
308 Schedules
333
334
3,998,837
34,190
586,129
10,955,812
Par Life
6,111,549
89,064
1,424,744
15,492,047
Par Life
(302,932)
393
507,883
4,961,715
Par Pension
(1,680,184)
478
525,385
3,335,820
Par Pension
19,242,135
154,081
(5,494,043)
26,256,962
Non Par
19,596,384
83,030
603,971
26,803,119
Non Par
2,896,583
507
(136,477)
3,681,145
Annuity
Non Par
3,142,235
1,460
(599,565)
3,598,737
Annuity
Non Par
704,928
1,141
(628,032)
195,365
Health
Segments
(191,140)
707
335,767
216,097
Health
Segments
6,431,990
179,850
4,932,781
81,336,042
Linked Life
44,219,271
260,165
1,755,594
108,408,549
Linked Life
13,900
1,018,876
(14,209,552)
165,275
2,096,763
Linked
Health
1,225,336
4,593
299,943
2,265,949
Linked
Health
20,822
9,143,773
49,064,534
Linked
Pension
(17,807,724)
23,402
7,442,044
44,251,322
Linked
Pension
6,318,915
4,729
245,474
17,767,857
Linked
Group
2,117,250
5,314
302,611
10,794,795
Linked
Group
1,038
4,101,171
4,177,840
Shareholders
263,006
1,227
3,586,147
3,999,267
Shareholders
26,099,780
410,651
13,423,934
200,494,035
Total
(` 000)
56,995,983
469,440
15,676,641
219,165,702
Total
(` 000)
Total cost incurred during the year ended March 31, 2014 to acquire assets that are expected to be used during more than one period amount to ` 805,882 thousand (Previous year: ` 320,123 thousand).
* comprises of change in valuation of policy liabilities, provisions for diminution in the value of investments (net), provision for doubtful debts and bad debts written off.
Depreciation/amortisation
Particulars
Depreciation/amortisation
Particulars
Segment wise information of various items as required under AS 17 Segmental Reporting are given below:
For the year ended March 31, 2014
Particulars
Reconciliation of benefit obligations and planned assets for the period:
Present value of the defined benefit obligations at March 31 (A)
Fair value of plan assets at March 31 (B)
Net liability recognised in Balance Sheet at end of reporting period (B-A)
Total net cost recognised as employee remuneration in Revenue/Profit and loss account
593,293
554,816
(38,477)
116,946
500,636
476,280
(24,356)
132,860
500,636
71,994
40,317
46,119
6,741
(72,514)
593,293
397,433
63,056
34,272
59,557
(53,682)
500,636
476,280
37,164
4,319
102,826
6,741
(72,514)
554,816
301,856
23,009
10,794
194,303
(53,682)
476,280
71,994
40,317
(37,164)
41,800
116,947
63,056
34,272
(23,009)
48,763
9,778
132,860
100.0%
9.0%
100.0%
10.0%
35.3%
18.7%
14.2%
15.8%
11.8%
4.2%
100.0%
31.5%
17.8%
19.5%
15.3%
10.5%
5.4%
100.0%
8.7%
7.8%
308 Schedules
335
Year ended
March 31, 2014
March 31, 2013
5.0%
5.0%
Particulars
Grade I and II
Grade III and above
- Year 1
- Year 2 to 3
- Year 4 to 6
- Year 7 onwards
Estimated rate of return on plan assets #
Expected future contribution from employer for next financial year
8.0%
8.0%
8.0%
8.0%
7.5%
120,000
10.0%
8.0%
7.0%
5.0%
7.5%
150,000
* Salary escalation rate considered in valuation take into account impact of inflation, seniority, promotion and other factors impacting future salary cost.
# Expected rate of return on plan assets is based on our expectation of the average long-term rate of return expected on investments of fund during the estimated term of obligations.
Particulars
Defined benefit obligation
Plan assets
Surplus/(deficit)
Experience adjustments
- on plan liabilities
- on plan assets
26,710
4,319
49,715
10,794
24,870
6,835
38,548
(20,827)
1,650
4,158
Provident fund
Provident fund benefits are aimed at providing security to staff members
and their dependents on retirement, disability or death. Both employee
and the company contribute an equal percentage of the basic salary a
part of which goes to the fund, and balance portion is contributed to the
government administered pension fund. The provident fund is managed by
ICICI Prudential Life Insurance Company Employees Provident Fund Trust.
The minimum rate at which the annual interest is payable by the trust to
members is prescribed by the Government. The Company has an obligation
to make good the shortfall, if any, between the Government prescribed rate
and actual return earned by the provident fund.
As there is net surplus in the plan, no liability needs to be provided for in the
books of accounts of the Company.
The assumptions used in actuarially valuing the defined benefit obligations
of interest rate guarantee are as follows:
Particulars
Discount rate for the term of the obligation
Average historic yield on the investment
portfolio
Discount rate for the remaining term to
maturity of the investment portfolio
Expected investment return
Guaranteed rate of return
8.9%
8.0%
8.7%
8.8%
8.7%
8.5%
same as the projected unit credit method in respect of past service. The
assumptions used for valuation are:
Particulars
Discount rate per annum
Compensated absence
Liability for compensated absence for employees is determined based on
actuarial valuation which has been carried out using the projected accrued
benefit method which is same as the projected unit credit method in
respect of past service. The assumptions used for valuation are:
Particulars
Discount rate per annum
Salary escalation rate (per annum)
Grade I and II
Grade III and above
- Year 1
- Year 2 to 3
- Year 4 to 6
- Year 7 onwards
5.0%
5.0%
8.0%
8.0%
8.0%
8.0%
10.0%
8.0%
7.0%
5.0%
Grade I-IV
NA
60 days
While computing liability, 2% leave availment has been assumed for each
subsequent year following the valuation date.
336
Founder I
March 28, 2005
2,662,500
Date of grant
Number of options granted
2004-05
April 25, 2005
3,782,400
2005-06
April 26, 2006
4,633,250
2006-07 Founder II
April 24, 2007
6,534,675 (2006-07)
2007-08
April 25, 2008
6,101,000
50% of options granted 25% of options granted 25% of options granted 25% of options granted 25% of options granted
25% of options granted 25% of options granted 25% of options granted 25% of options granted 25% of options granted
25% of options granted 25% of options granted 25% of options granted 25% of options granted 25% of options granted
25% of options granted 25% of options granted 25% of options granted 25% of options granted
Later of the tenth anniversary of the date of grant of options or the fifth anniversary of the date of vesting of options
Equity
Exercise price of all the options outstanding as at March 31, 2014 for
Founder I (2003-04) scheme, 2004-2005 scheme, 2005-06 scheme, 200607 scheme, Founder II and 2007-08 scheme is ` 30, ` 42, ` 70, ` 130, `
130 and ` 400 respectively.
A summary of status of Companys Employee Stock Option Scheme in
terms of options granted, forfeited and exercised is given below:
Particulars
Outstanding at the beginning of the year
Add: Granted during the year
Less: Forfeited/lapsed during the year
Less: Exercised during the year
Outstanding at the end of the year
Exercisable at the end of the year
During the year, the Company has recognised a compensation cost of ` Nil
(Previous year: ` Nil) as the intrinsic value of the options.
For the year ended March 31, 2014 there would have been no impact on
the Revenue account and Profit & Loss account had the Company followed
the fair value method for valuing its options. For the year ended March 31,
2013 there would have been an additional cost of ` 2,416 thousand under
the fair value method. Accordingly, the profit after tax for the year ended
March 31, 2013 would have been at ` 14,956,976 thousand. Consequently,
the Companys basic earnings per share would have been at ` 10.47 and
diluted earnings per share would have been at ` 10.44 for the year ended
March 31, 2013 .
308 Schedules
The weighted average price of options exercised during the year is ` 69.3
(year ended March 31, 2013: ` 70.0). The weighted average remaining
contractual life of options outstanding at the end of the year is as follows:
Exercise price
range (in `)
30
42
70
130
400
Total
337
3.18. Dividend
Sr.
Particulars
No.
I
Net profit/(loss) as per profit and
loss account available for equity
shareholders for both basic and
diluted earnings per equity share of
` 10 each
II
Weighted average number of equity
shares for earnings per equity share
(a) For basic earnings per equity share
(b) For diluted earnings per equity share
Number of equity shares for basic
earnings per equity share as per (II) (a)
Add: Weighted average outstanding
employee stock options deemed to
be issued for no consideration
Weighted number of equity shares
for diluted earnings per equity share
III
Earnings per equity share
Basic (in `)
Diluted (in `)
(` 000)
March 31,
2013
14,958,350
March 31,
2014
15,655,897
1,429,053,739
1,428,876,063
1,429,053,739
1,428,876,063
3,089,612
3,749,508
1,432,143,351
1,432,625,571
10.96
10.93
10.47
10.44
The Board of Directors of the Company have during the year approved and
paid an interim dividend aggregating to ` 7,931,517 thousand (Previous
year: ` 3,429,335 thousand).
The total interim dividend appropriation for the year amounted to
` 9,279,478 thousand including corporate dividend tax of ` 1,347,961
thousand (Previous year: ` 3,985,659 thousand including corporate
dividend tax of ` 556,324 thousand).
The Board of Directors have also proposed a final dividend of ` 3,001,437
thousand (Previous year: ` 1,413,959 thousand).
These dividends were declared from current years profit and the Company
has transferred 10% of current years profit amounting to ` 1,566,656
thousand to General Reserves (Previous year: ` 1,495,939 thousand) as
required by the Companies (Transfer of Profits to Reserves) Rules, 1975.
Sanjiv V. Pilgaonkar
Partner
Membership No. 39826
Chanda Kochhar
Chairperson
V. Sridar
Director
K. Ramkumar
Director
Sandeep Bakhshi
Managing Director and CEO
Sandeep Batra
Executive Director
Satyan Jambunathan
Appointed Actuary
Binay Agarwala
Executive Vice President
Sanaulla Khan
Company Secretary
Place : Mumbai
Date : April 22, 2014
338
OTHER INFORMATION
INTRODUCTION
ECONOMIC ASSUMPTIONS
Life insurance policies when sold usually result in an accounting loss in the
first policy year. This is called New Business Strain and it arises largely due
to the acquisition costs associated with selling insurance and the prudent
as follows:
DEFINITION
NBP is a measure of the economic value of the new business written during
a defined period. It is measured as the present value of the future profits
for the Shareholders on account of new business sales, based on a given
set of assumptions, net of the accounting loss recognised on sale. Actual
experience could differ from these assumptions especially in respect of
expense overruns at inception.
NBP has been calculated net of tax after providing for the cost of capital that
Particulars
FY2013
Inflation
7.06%
- Cash
7.35%
7.56%
8.35%
8.56%
8.85%
9.06%
9.30%
9.51%
- Equity
13.70%
13.91%
13.70%
13.91%
RESULTS
BASIS OF PREPARATION
NBP incorporates best estimate assumptions of future rates of investment
returns, policy discontinuances, mortality, expenses, inflation, taxation,
FY2014
6.85%
(` million)
Particulars
FY2013
NBP
FY2014
5,294
4,273
SENSITIVITY
The sensitivity of the NBP to the economic assumptions is given below:
(` million)
Base Case
+1%
-1%
4,273
4,371
4,159
4,273
3,899
4,679
339
GLOSSARY OF TERMS
ANNUALISED PREMIUM EQUIVALENT (APE)
CREDIT RISK
The risk of loss if another party fails to meet its obligations, or fails to do so
in timely fashion.
DEATH BENEFIT
AFFILIATED INVESTMENTS
Investments made to parties related to the insurer.
ANNUITY BUSINESS
ENDOWMENT BUSINESS
ASSET-LIABILITY MANAGEMENT
It refers to the management of an insurers assets with specific reference
to the characteristics of its liabilities so as to optimize the balance between
risk and return. It is the ongoing process of formulating, implementing,
monitoring and revising strategies related to assets and liabilities to achieve
an insurers financial objective, given the insurers risk tolerance and other
constraints.
EXPENSE RATIO
GRIEVANCE RATIO
Number of grievances divided by policies issued in the same period (per
10,000).
IN-FORCE
An insurance policy or contract reflected on records that has not expired,
matured or otherwise been surrendered or terminated.
BONUSES
INSURANCE PREMIUM
340
OTHER INFORMATION
MORTALITY RATE
A measure of the number of deaths, varying by such parameters as age,
gender and health, used in pricing and computing liabilities for future
policyholders of life and annuity products, which contain mortality risks.
NET PREMIUM
LAPSE
A life insurance contract lapses if the policyholder does not pay the
premiums within the stipulated period.
MATHEMATICAL RESERVES
Mathematical reserves mean the provision made by an insurer to cover
liabilities arising under or in connection with policies or contracts for life
insurance business. Mathematical reserves also include specific provision
for adverse deviations of the bases, such as mortality and morbidity rates,
interest rates, and expense rates, and any explicit provisions made, in the
valuation of liabilities, in accordance with the regulations made by the
Authority for this purpose.
MATURITY BENEFIT
The amount of benefit which is payable on maturity i.e. at the end of the
term, as specified in the policy document. This is stated at the inception
of the contract.
MORBIDITY RATE
It is a measure of number of persons belonging to a particular group,
categorized according to age or some other factor such as occupation, will
suffer a disease, illness, injury, or sickness.
MORTALITY CHARGES
Mortality charges are the risk charges that are levied on the life cover part
to provide the protection benefit to the policyholder.
Life insurance policies when sold usually result in an accounting loss in the
first policy year. This is called New Business Strain and it arises largely due
to the acquisition costs associated with selling insurance and the prudent
margin in the reserving basis.
NON-PARTICIPATING PRODUCT/POLICY
A life insurance policy where the policyholder is not entitled to a share
of the Companys profits and surplus, but receives certain guaranteed
benefits. Examples include pure risk policies such as fixed annuities, term
insurance, critical illness and unit-linked insurance contracts.
PAID UP VALUE
It is one of the non-forfeiture options given to the policyholder in case of
premium default. In this option, the sum assured is proportionately reduced
to an amount which bears the same ratio to the full sum assured as the
number of premiums actually paid bears to the total number originally
payable in the policy.
PARTICIPATING PRODUCT/POLICIES
A life insurance policy where the policyholder is entitled to a share of the
surplus.
PENSION BUSINESS
Pension business includes business of effecting contracts to manage
investments of pension funds or superannuation schemes or contracts to
pay annuities that may be approved by the IRDA in this behalf.
341
PERSISTENCY RATIO
RIDER
POLICY LIABILITIES
SINGLE PREMIUMS
Single premium policies of insurance are those that require only a single
lump sum payment from the policyholder.
SUM ASSURED
Sum Assured is the amount of money for which the insurance is taken.
SURRENDER
REINSURANCE
Reinsurance contract is an insurance contract between one insurance
company (cedant) and another insurance company (reinsurer) to
indemnify against losses on one or more contracts issued by the cedant
in exchange for a consideration (the premium).The intent of reinsurance is
for an insurance company to reduce the risks associated with underwritten
policies by spreading risks across alternative institutions.
RENEWAL PREMIUM
Life insurance premiums falling due in the years subsequent to the first year
of the policy.
SURVIVAL BENEFIT
The amount of benefit which is payable at specific interval, on survival
to that period, during the period of contract as specified in the policy
document. This is stated at the inception of the contract.
TOP-UP PREMIUM
A top-up premium is an amount paid at irregular intervals during the period
of contract. This is an additional amount of premium over and above the
contractual basic premium charged at the commencement of the contract.
UNDERWRITING
The process by which an insurance company determines whether or not
and on what basis it will accept an application for insurance.
342
OTHER INFORMATION
ADDITIONAL INFORMATION
CONTACT INFORMATION
EMAIL US
Customer: To know more about our policies or for any comments, queries
or suggestions about our services and products or our website, please
write to lifeline@iciciprulife.com from your registered Email ID.
NRI Customers: To know more about our policies or for any comments,
queries or suggestions about our services and products or our website, please
write to eliteservice@iciciprulife.com from your registered Email ID.
WRITE TO US
ICICI Prudential Life Insurance Company Ltd.
Vinod Silk Mills Compound,
Chakravarthy Ashok Road, Ashok Nagar,
Kandivali (East), Mumbai 400101
CALL US
1860 266 7766
When calling our customer service do not prefix + or 91 or 00 before the
number.
Timings : 24 x 7 for claimants; 9 am to 9 pm IST, Monday to Saturday
(except national holidays). Customers within India are advised not to prefix
+ or 91 or 00 before the number. Customers outside India can call us on
our international Customer Service Helpline : +91-22-61930777.
Charges as applicable
Group Customers: To know more about our policies or for any comments,
queries or suggestions about our services and products or our website,
please write to grouplife@iciciprulife.com
Group Annuity Customers: To know more about our group annuity policy
or for any request, queries or suggestions about our services and products,
please write to myannuity@iciciprulife.com
Group Superannuation Customers: To know more about our group
superannuation policy or for any request, queries or suggestions about our
services and products, please write to mysuperannuation@iciciprulife.com
Online Customers: To know more about our policies or for any comments,
queries or suggestions about our services and products or our website,
please write to buyonline@iciciprulife.com
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NOTES
VISION AND
VALUES
To be the dominant Life, Health & Pension player,
built on trust by world class people & service
Customer First
Passion
Boundaryless
Integrity
Humility
Openness to change and learn
stakeholders
I will stand up honestly and fearlessly for
what is right
I will not compromise the future for the
present
I will achieve business results by being
ethical