Annual Report 2012-13 PDF

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Annual Report 2012 & 13
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CONTENTS
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Directors and Management
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Board of Directors
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Senior Management Team
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Team of Regional Managers
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Chairmans Speech
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General Managers Speech
12
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C & AG Report
14
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Auditors Report
16
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Directors Report
24
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Management Report
54
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Revenue Account
58
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Profit & Loss Account
60
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Balance Sheet
64
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Schedules to the Accounts
66
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Significant Accounting Policies and Notes Forming Part of Accounts
84
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Summary of Financial Statements
142
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Summary of Accounting Ratios
144
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Cash Flow Statement
146
1
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Agriculture Insurance Company of India Limited
funs'kd vkSj izcUkd@DIRECTORS AND MANAGEMENT

v;{k o izcUk funs'kd@Chairman-cum-Managing Director
Jh ih- ts- tksliQ
Mr. P. J. Joseph
egkizcUkd@General Manager
Jh th- vkuUnu
Mr. G. Anandan
funs'kd@Directors
Jh vuwi okkou
MkW- ,-ds- HkwVkuh
Jh eqd's k [kqYyj
Mr. Anup Wadhawan
Dr. A. K. Bhutani
Mr. Mukesh Khullar
Jh ds-,u- Hk.Mkjh
Jh xksiky uk;d
Jh ih- osd
a VjeS;k
Mr. K. N. Bhandari
Mr. Gopal Naik
Mr. P. Venkataramiah
MkW- vkj-,u- dqyd.khZ
Jh dqynhi flag
Jh ,l- jkekHknzu
Dr. R. N. Kulkarni
Mr. Kuldip Singh
Mr. S. Ramabhadran
Jh ,l-ds- pkuuk
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Mr. S. K. Chanana
Mr. S. Surenther
mi egk izcUkd@Deputy General Managers

Jh ,e-ds- iksnn~ kj@Mr. M. K. Poddar
Jh jktho pkSkjh@Mr. Rajeev Chaudhary
Jh vfHkuUn ?kks"k@Mr. Avinanda Ghosh

Jh ih- ukxktquZ @Mr. P. Nagarjun
fu;qDr chekadd@Appointed Actuary

Jh ,l fpnEcje@Mr. S. Chidambram
dEiuh lfpo@Company Secretary

lqJh dfudk 'kekZ 'kkafMY;@Ms. Kanika Sharma Shandil
ys[kk ijh{kd@Auditors
eSllZ ,l-lh- oklqno
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M/s S.C. Vasudeva & Co., Chartered Accountants
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M/s K. K. Ghei & Co., Chartered Accountants
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iQksu % 011&46869800] iQSDl % 011&46869815
Registered Office
Ambadeep (13th Floor)
14, Kasturba Gandhi Marg, New Delhi- 110001
Phone : 011-46869800, Fax : 011-46869815
2

funs'kd eaMy@BOARD OF DIRECTORS

ofj"B izcUku Vhe

SENIOR MANAGEMENT TEAM

{ks=kh; izcUkdksa dh Vhe

TEAM OF REGIONAL MANAGERS

CHAIRMANS SPEECH
Dear Shareholders,
I have great pleasure in welcoming you all to the 10th Annual General Meeting of Agriculture Insurance Company
of India Limited.
The Annual Report containing the Directors Report and the Audited Accounts for the year ended 31st March 2013
has been sent and, I am sure, you have had the opportunity to peruse them.
You are aware that providing financial security against agricultural risks is the primary objective of Crop Insurance.
Vagaries of monsoon and climatic change continue to be the major risk factors affecting the farmers livelihoods
and the economy of the nation. The country needs to achieve higher levels of agriculture productivity so that
farmers incomes are protected as well as food security is ensured. Crop Insurance products offered by AIC help
mitigate the financial losses of the farmers thereby bringing stability in their lives. In the emerging new world,
farmers are prepared to accept and adopt modern agricultural farming practices though they are expensive. In this
context, we at AIC are aware of our responsibility to develop and market affordable farmer friendly crop insurance
products to encourage farmers to take up modern agricultural practices which, are risky, without fear of financial
ruin in the event of crop failure. Keeping this in mind, we have enhanced our level of engagement with State
Governments in developing suitable crop insurance products for the farming community. This approach has
helped AIC to continue its growth trajectory during the FY 2012-13 in spite of increased competition from the
private sector general insurers.
Previous Financial Year
With this backdrop, I would like to place before you the highlights of our Companys performance during the FY
2012-13. In 2012-13, Gross Direct Premium increased by Rs.720 crore to Rs.3297 crore registering a growth of
28%. As in the previous year management expenses continued to remain low at 1.41%. In the face of competition,
there was a decline in our market share for WBCIS and MNAIS. While the market share fell from 73% to 60% in

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case of WBCIS, for MNAIS it has marginally dropped from 93% to 92%. Pricing was constantly under pressure
due to increased competition and claim payouts were higher. Cyclone Neelam caused heavy damages to crops in
coastal Andhra Pradesh and abnormal drop in temperatures produced higher than normal losses in Rajasthan.
However, investment income saw a healthy growth at Rs.309 crore as against Rs.244 crore in the previous year.
The profit after tax is Rs.348 crore as against Rs.502 crore in the previous year.
New Initiatives
One of the drawbacks of area based approach in crop insurance is basis risk, the possibility of indemnity being
less or more than the loss actually suffered by the individual insured. If indemnity is lower than the actual loss it
puts the insured farmers at a disadvantage. On the contrary, if the indemnity is higher than the actual loss it
affects the long-term sustainability of the schemes. To address this issue, our Company has developed a new
concept titled Community Based Individual Farm Insurance Scheme (CBIFIS). As the name suggests, the
scheme envisages a role for the farming community in enrolment, crop monitoring and loss assessment. The
process starts with the appointment of an Anchor from the community who will facilitate enrolment of members,
monitor crop development and communicate with the insurer at regular intervals. The Anchor will be provided with
a hand held device to capture data from the field and transmit it to the processing centre. The images and videos
captured by the Anchor at regular intervals will be geo-tagged and geo-fenced. Under this insurance, the farmer
should intimate damage to crops due to insured perils to the village committee within 24 hours, who in turn need
to visit the field of damaged crops and assess the losses within the next 48 hours. Wherever necessary, services
of independent surveyors shall be used for loss assessment. The loss assessment is to be supported by threedimensional geo-tagged and geo-fenced pictures and video footage. This approach will minimize basis risk and
offer true indemnity to the farmers who suffer losses.
The Company has taken several steps to protect our market share against increased competition from other
market players, old and new. Competitive pricing, improved product terms and enhanced levels of service delivery
make AIC the preferred insurer for many State Governments. Plans are afoot to carry out extensive awareness
and publicity campaigns during the year to increase awareness among the farming community with a view to bring
more and more farmers under crop insurance protection.
Information Technology
As we want to reach out to the farmer in the remotest corner of the country, an Online Portal Window has been
developed which, once operationalized will enable the farmers to directly purchase crop insurance through internet
- a window of opportunity, so to say. Further, in consequent to our tie-up with Public Sector General Insurance
Companies, we have developed and operationalized a system that captures all the business data at individual
farmer level.
Accolades
The Technological enablement quotient of Annapoorna has been recognized by the IT world both in the Indian and
International space by numerous awards. In India, we have received the CISO 2012 Award & SKOCH
Appreciations. Internationally, the Annapoorna Project won the Asia Insurance Industry Award for Technology
Initiative of the Year and the Celent Award as Model Insurer for Technology Policy Administration.
Challenges
Competition in the crop insurance segment is intense with the entry of private insurers whose numbers will
increase from 4 to 9 in the ensuing financial year. As they pick up the nuances of the business, the intensity of
competition will increase. It will be a challenge to face competition with the lean organizational structure that we
have, and therefore, we intend to deepen our association with the four public sector general insurers for marketing
our products through their distribution network. We will also strive to offer products, which offer best value to the
farmers thereby continuing to remain as the preferred crop insurer of the State Governments. We believe that to
scale up our operations; we need to be seen as a saviour to the farmers of our country in times of calamity. This

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9

is a major challenge before us, as various Governments offer succour to farmers in distress by means other than
insurance. We intend to work more closely with farmers organizations, lending institutions and State Governments
to ensure that crop insurance becomes the most efficient and economical risk transfer mechanism for the farmers
of our country.
We have increased our employee strength by recruiting 46 officers and shall carry out a similar exercise in the
2013-14, which will help us to enhance the quality of service to all our stakeholders. We also intend to leverage
new technologies for increasing our reach as well as to improve the quality of our loss assessment capabilities for
the benefit of insuring farmers.
From all indications, the crop insurance schemes in the country will entirely move to an actuarially priced regime,
sooner than later. We, therefore, realize the need to enhance our pricing and product development skills to roll out
sustainable products. We intend to scale up the training activities for the employees skills development and
encourage use of software tools for product development.
Acknowledgements
Before I conclude, I would like to thank all AICians for their unstinted support and commitment during the challenging
yet exciting period. I would also like to thank my fellow Board Members for their unconditional support. I also
extend my gratitude to all our stakeholders - the insured farmers of the country, Bankers, Central / State
Government(s) and other Authorities for their continued support. We remain committed to the welfare of the
farmers of the country and shall live up to the trust reposed in us.
P. J. Joseph
10

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vius 'ks;jkkjdksa dh lsok dh xq.kokk dks vkSj csgrj cukus esa enn feysxhA ge fdlkuksa rd viuh igqp
vkSj c<+kus rFkk chekd`r fdlkuksa
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lHkh ladrs ksa ls] ns'k esa iQly chek ;kstuk,] vkt ugha rks dy iw.kZr% chekafdd ewY;ksa ls vfk'kkflr gksxa hA blhfy,] geus vius ewY;&
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ih- ts- tksliQ
11

From the GMs Desk

India lives in villages. Agriculture retains its primary positon
in terms of value creation and employment. Its contribution to GDP
was 2.4 % and 3.7 % respectively during the 10th and 11th Five year
plan and aims at 4 % for the current 12th Five year plan. About 80%
of Indian farmers are small and marginal, having land holdings of
less than 5 hectors. In India, 1/3rd and 1/6th of the land is prone to
drought and flood respectively.
AIC has been formed by the Govt. of India on 20th Dec 2002
with GIC, NABARD and 4 public sector General Insurance
Companies as its stake-holders and started operating from 1.4.2003.
Its vision is to accelerate the economic momentum of the nation by
bringing financial stability to millions of farmers in an economical
and effective manner. During one decade of operation ending
31.3.2013, it has excelled in various parameters as under:
Shown about 10 fold increase in premium income

ie, from 368.00 crore in 2003-04, to 3297.00
crore in 2012-13 and maintained a steady growth of
more than 28% constantly over the years.
AIC has grown as one of the largest crop insurance company in the world covering about 2,41,15,442
farmers and 5,69,07,029 hectors of land during last year.
Settled crop insurance claims worth more than 26,789.00crore benefiting 5,14,73,838 farmers
for the last 10 years.
Only specilised General Insurance Co. in India to make a reasonable underwriting profit continuously
and maintained solvency margin of more than 2.5
Always maintained combined Ratio of less than 100% and management expenses within 2%,
which is the least in the industry.
Yet, it has many challenges and opportunities to meet in the years to come. To-day, AIC has to compete
with 9 more private General Insurance Companies and has to maintain its market share by penetrating deep into
the market with innovative and cost effective farmers friendly products.
AIC is planning to expand the infrastructure by opening of micro offices and strengthening the tieup arrangements with 4 GIPSA Companies on co-insurance basis to increase the share of nonloanee farmers, which is at present less than 5% of total premium.
To meet the man power requirement, it has recruited 46 officers during last financial year and
propose to add another 42 officers in the current year.
AIC has started web-service to interface with GIPSA companies for smooth underwriting of MNAIS
& WBCIS for non-loanee farmers.
It is also proposing to increase the penetration of crop insurance by tie-up arrangement with
GIPSA companies to market AICs own products on co-insurance basis apart from MNAIS and
WBCIS.
Dr. M.S Swaminathan, a world- renowned Agriculture Scientist has said that future belongs to a land of
GRAINS and not GUNS. AIC with its committed and dedicated officers/staff, feel proud to continuously work
for the financial security of millions of farmers, their constant endeavor for Evergreen Agriculture Revolution and
thus provide for Indias Food Security System.
G. Anandan
12

egkizcakd dh dye ls
Hkkjr xkoksa esa clrk gSA ewY; l`tu ,oa jkstxkj ds lanHkZ esa d`f"k dh eq[;
Hkwfedk gSA 10oha ,oa 11oha iapo"khZ; ;kstuk ds nkSjku ldy ?kjsyw mRikn esa bldk
;ksxnku e'k% 2-4 izfr'kr ,oa 3-7 izfr'kr Fkk vkSj ekStnw k 12oha iapo"khZ; ;kstuk
esa ;g 4 izfr'kr izkIr djus dk y{; gSA Hkkjr esa yxHkx 90 izfr'kr NksVs ,oa xzkeh.k
fdlku gSa ftuds ikl 5 gSDVs;j ls de Hkwfe gSA Hkkjr esa 1@3 ,oa 1@6 Hkwfe e'k%
lw[ks ,oa ck<+ ls laHkkfor {ks=k gSAa
, vkbZ lh dk xBu fnukad 20 fnlEcj] 2002 dks Hkk-lk-ch-fu-] ukcMZ ,oa
lkoZtfud {ks=k dh 4 lkkkj.k chek dEifu;ksa ds lkFk fgrkkjdksa ds :i esa fd;k
x;kA bldk ifjpyu fnukad 1-4-2003 ls vkjEHk gqvkA bldk ms'; fdiQk;rh ,oa
izHkkoh <ax ls yk[kksa fdlkuksa dks fokh; fLFkjrk iznku dj jk"V dh vkfFkZd xfr esa
rsth ykuk gSA 31-3-2013 dks lekIr izpkyu ds ,d n'kd ds nkSjku , vkbZ lh dk
fofHkUu ekin.Mksa ij mRd`"V izn'kZu fuEu izdkj ls gS %
izhfe;e vk; esa 10 xquk o`f] vFkkZr~ o"kZ 2003&04 esa 36800 djksM ls o"kZ 2012&13 esa 3297-00 djksM+ gksuk ,oa fiNys
dqN o"kksaZ esa yxkrkj 28 izfr'kr ls vfkd dh lrr~ o`f nj
dks cuk, j[kuk
xr o"kZ ds nkSjku 2]41]15]442 fdlkuksa vkSj 5]69]07]029 gSDVj Hkwfe dks doj dj] , vkbZ lh fo'o dh lcls cM+h
iQly chek dEiuh cu xbZ gSA
fujarj chek ys[ku ykHk dekus ,oa 2-5 ls vfkd lkWyosl

a h ekftZu cuk, j[kus okyh Hkkjr esa ,dek=k fof'k"V lkkkj.k
chek dEiuhA
ges'kk la;Dq r vuqikr dks 100 izfr'kr ls de ,oa izcUkdh; [kpks dks 2 izfr'kr rd cuk, j[kuk tks fd bl m|ksx
{ks=k esa lcls de gSA
vHkh vkxs vkus okys o"kks esa gekjh dEiuh dks cgqr ls voljksa ,oa pqukSfr;ksa dk lkeuk djuk gSA vkt , vkbZ lh dks 9 vkSj
futh {ks=k dh lkkkj.k chek dEifu;ksa ds lkFk izfrLikkZ djuh gS ,oa ekdsVZ esa viuh fgLlsnkjh cuk, j[kus ds fy, fdlkuksa dh vko';drkvksa
ds vuqdy
w uohu ,oa ykxr izHkkoh mRikn izLrqr dj ekdsVZ esa viuh xgjh iSB cuk, j[kuh gksxhA
, vkbZ lh vius cqfu;knh <kps ds foLrkj gsr]q ekbks dk;kZy;ksa dk vkjaHk djus ,oa xSj .kh fdlkuksa dh fgLlsnkjh
c<+kus] tks fd orZeku esa dqy izhfe;e ds 5% ls Hkh de gS] ds fy, 4 ftIlk dEifu;ksa ds lkFk lg chek vkkkj ij
xBcaku O;oLFkk dks etcwr djus dh ;kstuk cuk jgh gSA
ekuo 'kfDr vko';drkvksa dks iwjk djus ds fy,] fiNys fok o"kZ ds nkSjku 46 vfkdkfj;ksa dh HkrhZ dh xbZ rFkk orZeku
o"kZ esa vU; 42 vfkdkfj;ksa dks tksMu+ s dk izLrko gSA
, vkbZ lh us xSj .kh fdlkuksa ds fy, la'kksfkr jk"Vh; d`f"k chek ;kstuk ,oa ekSle ij vkkkfjr Qly chek ;kstuk
ds lqxe chek ys[ku gsrq ftIlk daifu;ksa ds lkFk rkyesy ds fy, oSc lsok vkjaHk dh gSA
iQly chek ds foLrkj ds fy, ;g Hkh izLrkfor gS fd la'kksfkr jk"Vh; d`f"k chek ;kstuk ,oa ekS- vk- iQ- ch- ;kstuk
ds vfrfjDr , vkbZ lh ds vU; mRiknksa gsrq Hkh ftIlk daifu;ksa ds lkFk xBcaku dh O;oLFkk dh tk,A
MkW- ,e ,l LokehukFku] fo'o izfl d`f"k oSKkfud us dgk gS fd Hkfo";] vukt dh Hkwfe ls tqMk+ gS u fd cUnwd lsA , vkbZ
lh vius lefiZr ,oa izfrc vfkdkfj;ks@a deZpkfj;ksa ds }kjk yk[kksa fdlkuksa dh fokh; lqj{kk ds fy, fujarj dk;Z djus v{k; d`f"k kfUr
gsrq muds vFkd iz;klksa vkSj bl izdkj Hkkjr dks [kk| lqj{kk iz.kkyh iznku djus ds fy, xkSjokfUor eglwl djrh gSA
th- vkuUnu
13

COMMENTS OF THE COMPTROLLER AND AUDITOR GENERAL OF INDIA UNDER SECTION 619 (4) OF THE
COMPANIES ACT, 1956 ON THE ACCOUNTS OF THE AGRICULTURE INSURANCE COMPANY OF INDIA
LIMITED NEW DELHI FOR THE YEAR ENDED 31 MARCH 2013
The preparation of financial statements of The Agriculture Insurance Company of India Limited for the year
ended 31st March 2013 in accordance with the financial reporting framework prescribed under the Insurance
Act,1938 read with the Insurance Regulatory and Development Authority (Preparation of Financial Statement and
Auditors Report of Insurance Companies) Regulation, 2002 and the Companies Act, 1956 is the responsibility of
the Management of the Company. The Statutory Auditors appointed by the Comptroller and Auditor General of
India under section 619(2) of the Companies Act, 1956 are responsible for expressing opinion on these financial
statements under Section 227 of the Companies Act,1956 based on independent audit in accordance with the
auditing and assurance standards prescribed by their professional body, the Institute of Chartered Accountants of
India. This is stated to have been done by them vide their Audit Report dated 18th June 2013.
I, on behalf of the Comptroller and Auditor General of India, have decided not to review the report of the
Statutory Auditors on the accounts of Agriculture Insurance Company of India Limited for the year ended 31st
March 2013 and as such have no comments to make under Section 619(4) of Companies Act, 1956.
For and on behalf of the
Comptroller and Auditor General of India
(Naina A. Kumar)
Principal Director of Commercial Audit & Ex-Officio Member, Audit Board-II
New Delhi
Place: New Delhi
Date: 22.07.2013
14

,xzhdYpj ba';ksjsal dEiuh vkWiQ bf.M;k fyfeVsM ubZ fnYyh ds 31 ekpZ 2013 dks lekIr o"kZ ds ys[kksa ij dEiuh vfkfu;e
1956 dh kkjk 619 (4) ds vUrxZr Hkkjr ds fu;a=kd ,oa egkys[kk ijh{kd dh fVIif.k;k
31 ekpZ 2013 dks lekIr o"kZ ds fy, ,xzhdYpj ba';ksjl
as dEiuh vkWiQ bf.M;k fyfeVsM ds fokh; fooj.k chek vfkfu;e 1938 ds lkFk
ifBr chek fofu;ked vkSj fodkl izkfkdj.k (chek dEifu;ksa ds fokh; fooj.k vkSj ys[kk ijh{kk izfrosnu rS;kj djuk) fofu;e] 2002
vkSj dEiuh vfkfu;e 1956 ds vUrxZr fofukkZfjr fokh; fjiksfVx <kps ds vuqlkj rS;kj djuk tks dEiuh ds izcUku dk nkf;Ro gSA dEiuh
vfkfu;e 1956 dh kkjk 619 (2) ds vUrxZr Hkkjr ds fu;a=kd o egk ys[kk ijh{kd }kjk fu;qDr lkafofkd ys[kk ijh{kd dks Hkkjrh;
lunh ys[kkdkj laLFkku tSls O;kolkf;d fudk; }kjk fofukkZfjr ys[kk ijh{kk ,oa vk'oklu ds vuqlkj dEiuh vfkfu;e 1956 dh kkjk
227 ds vUrxZr Lora=k ys[kk ijh{kk ds vkkkj ij] viuk er izdV djus dh ftEesnkjh gSA ;g muds }kjk mudh 18 twu 2013 ds ys[kk
ijh{kk izfrosnu ds varxZr ek;e ls fd;k x;k] crk;k x;k gSA
eS]a Hkkjr ds fu;a=kd o egkys[kk ijh{kd dh vksj ls] ,xzhdYpj ba';ksjUs l dEiuh vkWiQ bf.M;k fyfeVsM ds 31] ekpZ 2013 dks
lekIr o"kZ ds ys[kkvksa ij lkafofkd ys[kk ijh{kd ds izfrosnu dh lach{kk ugha djus dk fu.kZ; djrh gw rFkk oLrqr% dEiuh vfkfu;e
1956 dh kkjk 619 (4) ds vkhu] dksbZ fVIi.kh ugha dh tkuh gSA
d`rs Hkkjr ds fu;a=kd vkSj egk ys[kkijh{kd
(uSuk , dqekj)
izkku funs'kd] okf.kfT;d ys[kk ijh{kk
rFkk insu lnL;] ys[kk ijh{kk cksMZ&II
ubZ fnYyh
LFkku % ubZ fnYyh

fnukad % 22-07-2013
15

S. C. Vasudeva & Co.,

Chartered Accountants,
B-41, Panchsheel Enclave,
New Delhi 110017
K. K. Ghei & Co.,

806, Hemkunt House
6, Rajendra Place
New Delhi-110008
INDEPENDENT AUDITORS REPORT

To the Members of
AGRICULTURE INSURANCE COMPANY OF INDIA LIMITED
Report on the Financial Statements
We have audited the accompanying Financial Statements of AGRICULTURE INSURANCE COMPANY
OF INDIA LIMITED ( the Company), which comprise the Balance Sheet as at 31st March, 2013, the Revenue
Account and Profit and Loss Account in respect of crop insurance business and Cash Flow Statement for the year
then ended, in which are incorporated the returns of seventeen Regional Offices audited by the other firms of
Chartered Accountants, which have been taken into consideration by us and a summary of significant accounting
policies and other explanatory information.
Managements Responsibility for the Financial Statements
The Management is responsible for the preparation of these financial statements that give a true and fair view of
the financial position, financial performance and cash flows of the Company in accordance with the provisions of
Section 11(1) of the Insurance Act, 1938, read with the provisions of sub sections (1), (2) and (5) of section 211 and
sub section (5) of section 227 of the Companies Act, 1956 (the Act). This responsibility includes the design,
implementation and maintenance of internal control relevant to the preparation and presentation of the financial
statements that give a true and fair view and are free from material misstatement, whether due to fraud or error.
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 judgement, 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. An audit also includes
evaluating the appropriateness of accounting policies used and reasonableness of the accounting estimates
made by management, as well as evaluating the overall financial presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified
audit opinion.
Basis for Qualified Opinion
(a)
During the Financial Year 2009-10, the company has paid an amount of Rs.200,00,00 thousands to the
Consolidated Fund of India in terms of Govt. letter Ref. F.No.C-13014/16/2004-Ins.I dated 23.12.2009
as a prelude to the recasting of the National Agricultural Insurance Schemes and the same is continued
to be shown as Advances and Other Assets in the Balance Sheet. This amount has not been adjusted
against the retained profits / reserves, pending recasting of the said scheme. This has resulted in
overstatement of Advances and Other Assets and Reserves of the company to that extent. (Refer Note
4.10 of Annexure 2)
(b)
The companys accounting policy (Accounting Policy No. 3.1) in respect of recognizing premium of
Government Schemes being implemented by the Company upon remittance received from the Nodal
16

eSa- ,l lh- oklqnsok ,.M dalunh ys[kkdkj

ch&41] iap'khy ,UDyso
ubZ fnYyh & 110017
eS- ds ds ?kbZ ,.M dalunh ys[kkdkj

806] gsedqaV gkl
6] jktsUnzk Iysl]
ubZ fnYyh & 110008
fu"i{k ys[kk ijh{kd dh fjiksVZ

,xzhdYPkj ba';ksjl
as dEiuh vkWiQ bf.M;k fyfeVsM ds
lnL;ksa dks
fokh; fooj.kksa ij izfrosnu
as dEiuh vkWiQ bf.M;k fyfeVsM ds laYkXu fokh; fooj.k ftlesa 31 ekpZ 2013 rd rqyu i=k rFkk
geus ,xzhdYpj ba';ksjl
mDr frfFk dks lekIr o"kZ ds fy, iQly chek dkjksckj ds lEcUk es]a jktLo [kkrk] ykHk gkfu [kkrk o udn izokg fooj.k dh ys[kk ijh{kk
dh gS] ftlesa vU; lunh ys[kkdkjksa }kjk tkps x, 17 {ks=kh; dk;kZy;ksa dh foojf.k;k lfEefyr gSa ftuls tqMh+ egRoiw.kZ ys[kk uhfr;k o
vU; O;k[;kRed tkudkjh ds lkjka'k dk geus ;ku j[kk gSA
fokh; fooj.kksa gsrq izcUku dk nkf;Ro
chek vfkfu;e 1938 dh kkjk 11(1) ds lkFk ifBr dEiuh vfkfu;e 1956 (vfkfu;e) dh kkjk 211 dh mikkjk (1)] (2)]
o (5) vkSj kkjk 227 dh mikkjk (5) ds vuqlkj dEiuh dh lgh vkSj fu"i{k fokh; fLFkfr] fokh; fu"iknu rFkk udn izokg fooj.k
tSls fokh; fooj.k rS;kj djus dk nkf;Ro izcUku dk gSA bl nkf;Ro esa fokh; fooj.k dh rS;kjh rFkk izLrqfr ls lEcfUkr :ikadu vkUrfjd
fu;a=k.k ds j[kj[kko vkSj dk;kZUo;u lfEefyr gS tks lgh vkSj fu"i{k fooj.k ds c;ku ls ;qDr gkas vkSj kks[kkkM+h ;k =kqfV ls dksbZ egRoiw.kZ
xyrC;kuh u gqbZ gksA
ys[kk ijh{kdksa dk nkf;Ro
gekjs ys[kk ijh{kk ds vkkkj ij bu fokh; fooj.kksa ij viuk er izdV djuk gekjk nkf;Ro gSA geus ys[kk ijh{kk] Hkkjrh; lunh
ys[kkdkj laLFkku }kjk tkjh] vad{s k.k ij ekudksa ds vuq:i dh gSA mu ekudksa }kjk ;g visf{kr gS fd ge ys[kk ijh{kk dk uhfrxr
vo';drkuqlkj fu;kstu rFkk fu"iknu djsa fd fokh; fooj.k esa egRoiw.kZ rF;ksa dk xyr izdVu u gksA
ys[kk ijh{kk ,slh ifr gS tks fokh; fooj.k esa jkf'k rFkk izdVu ls lEcfUkr ys[kk ijh{kk izek.k iznku djrh gSA p;fur ifr
ys[kk ijh{kd ds fu.kZ; ij fuHkZj gS ftlesa fokh; fooj.k esa rF;ksa dh xyr c;kuh ds tksf[keksa dk vkdyu pkgs og kks[kkkM+h o xyrh
ds dkj.k gks] lfEefyr gSA mDr tksf[ke ewY;kadu djrs le; ys[kk ijh{kd dEiuh ds fokh; fooj.k dh rS;kjh rFkk izLrqfr ls lEcfUkr
vkarfjd fu;a=k.k ij fopkj djrs gSa rkfd ifjfLFkfr ds vuqlkj mfpr ys[kk ijh{kk ifr rS;kj dj ldsAa ys[kk ijh{kk esa iz;Dq r ys[kkuhfr
ds ewY;kadu dh mi;qDrrk vkSj izcUku }kjk fd, x, ys[kk vuqeku ;qfDr;qDr (mfpr) rFkk fokh; fooj.k dh leLr izLrqfr dk ewY;kadu
Hkh lfEefyr gSA
gesa fo'okl gS fd gesa izkIr ys[kk ijh{kk izek.k i;kZIr ,oa lVhd gSa ,oa gekjh ;ksX; ys[kk ijh{kk gsrq mfpr vkkkj iznku djrs gaAS
;ksX; jk; ds vkkkj
(d)
fokh; o"kZ 2009 ds nkSjku] jk"Vh; d`f"k chek ;kstuk ds fjdkLVhax gsrq ,d izLrkouk ds :i es]a ljdkjh i=k lanfHkZr l- ,- ulh&13014@16@2004&bZ'k&1 fnukad 23&12&2009 ds vuqlkj Hkkjr dh lafpr fufk ds fy, dEiuh us #- 200]00]00 gtkj dk
Hkqxrku fd;k ftls rqyu i=k esa ^^vfxze o vU; ifjlEifk;ks*a * esa fn[kk;k tk jgk gSA bl ;kstuk dh fjdkfLVax yafcr jgrs gq,
bl jkf'k dks j[ks gq, ykHk@vkj{kh jkf'k esa lek;ksftr ugha fd;k x;k gSA ftlds ifj.kkeLo:i ml lhek rd dEiuh dh vfxze
vkSj vU; ifjlEifk;ksa vkSj vkj{kh] vkfkD; gks xbZ gSA (laYkXud &2 ds uksV 4-10 ds lanHkZ es)a
([k)
dEiuh dh ys[kkadu uhfr (ys[kkadu uhfr la- 31) ljdkjh ;kstukvksa ds izhfe;e tkuus ij uksMy cSd
a ksa }kjk ml izhfe;e ls izkIr
izfs "kr ku vkSj vizkI; izhfe;e ij tksf[ke dk vkdyu dEiuh (ys[kk ekud) fu;e 2006 ds vUrxZr fukkZfjr] ys[kkadu ds
17

Banks out of such premium collected by them and assumption of risk despite not receiving such premium
is not in accordance with the accrual concept of accounting (Fundamental Accounting Assumptions) as
laid down in Accounting Standard 1 Disclosure of Accounting Policies and Accounting Standard 9
Revenue Recognition as prescribed under The Companies (Accounting Standard) Rules, 2006 and not
compliant with Section 64 VB of the Insurance Act, 1938.
Accordingly, the non-accounting of balance of NAIS Premium receivable for Rabi 2012-13 as current year
income (as referred in Note 4.12.2 of Annexure-2) & non adjustment for corresponding figures for the
previous year has resulted in understatement (or overstatement) of current year premium. The monetary
impact of the same is not ascertainable.
Similarly the non-accounting of the claims relating to the above stated premium receivable (as referred in
Note 4.12.2 of Annexure-2) & non adjustment for corresponding figures for the previous years claims has
resulted in understatement (or overstatement) of current year claims. The monetary impact of the same
is not ascertainable.
(c)
Assets and liabilities relating to crop insurance business taken over from GIC are subject to approval of
the Government of India (refer Note No. 2.1 of Notes on Accounts Annexure -2).
Opinion
In our opinion and to the best of our information and according to the explanations given to us, the said
accounts read with the Significant Accounting Policies and Notes thereon are prepared and give the information as
required by the Insurance Act,1938; the Insurance Regulatory and Development Authority Act, 1999, and the
Companies Act,1956, to the extent applicable and in the manner so required except for the effects of the matter
described in the Basis for Qualified Opinion paragraph, having the consequential effect on the Revenue Account,
Profit & loss account, Assets, Liabilities and Reserves and Surplus as on 31.03.2013 to the extent as quantified
as above and to the extent not ascertainable, the financial statements give a true and fair view in conformity with
the accounting principles generally accepted in India:
i)
in the case of the Balance Sheet, of the state of affairs of the company as at 31st March, 2013,
ii)
in the case of the Revenue Account, of the surplus in the crop insurance business for the year
ended on that date; and
iii)
in the case of the Profit and Loss Account, of the Profit for the year ended on that date.
iv)
in the case of Cash Flow Statement, of the cash flows for the year ended on that date.
Report on Other Legal and Regulatory Requirements

1.
As required by section 227(3) of the Act, we report that:

(a)
We have obtained all the information and explanations which to the best of our knowledge and
belief were necessary for the purpose of our audit;
(b)
In our opinion, proper books of account, as required by law have been kept by the Company so far
as appears from our examination of such books and proper returns from the Regional Offices have
been received and are adequate for the purpose of our audit. We relied upon the work of Regional
Offices Statutory Auditors for information contained in such returns ;
(c)
The Balance Sheet, Revenue Account, Profit and Loss Account and Cash Flow Statement dealt
with by this Report are in agreement with the books of account and with the returns received from
Regional Offices;
(d)
Except for the effects of the matter described in the Basis for Qualified Opinion paragraph, in our
opinion the Balance Sheet, Revenue Account , Profit and Loss Account and Cash Flow Statement
comply with the Accounting Standards referred to in sub-section (3C) of section 211 of the Companies
Act, 1956 , to the extent applicable to the Company and are also in conformity with the accounting
principles as prescribed in the IRDA (Auditors Report) and IRDA (Preparation of Financial
Statements) Regulations or any order or direction issued by IRDA in this behalf.
(e)
The actuarial valuations of liabilities as at the year-end are duly certified by the Appointed Actuary.
We have relied upon such certification for forming our opinion on the financial statement of the
Company.
18

miktZu vokkj.kk (ekSfyd ys[kkadu ekU;rkvks)a tSlkfd ys[kk ekud) ^^ys[kkadu uhfr;ksa dk izdVhdj.k vkSj ys[kk ekud 9
^^jktLo ekU;rk** ds vuqlkj ,oa chek vfkfu;e 1038 dh kkjk 64 oh ch ds vuq:i ugha gSA
rnuqlkj] ,u ,- vkbZ- ,l- ds jch gsrq 2012&13 ds izkIr gksus okys izhfe;e ds 'ks"k dks] orZeku o"kZ dh vk; ds rkSj ij ys[kkafdr
ugha djrs (lanHkZ % laYkXud&2 ds uksV 4-12-2) o xr o"kZ ls lEcfUkr vadksa dk lek;kstu ugha djus ds ifj.kkeLo:i] orZeku
o"kZ ds izhfe;e dks de vkadk (;k vfkd vkadk) x;k gSA ftldk vkfFkZd izHkko vkdyu ;ksX; ugha gSA
blh izdkj] mijksDr izkIr gksus okys izhfe;e ds nkoksa dk ys[kkadu ugha djus (lanHkZ % laYkXud&2 ds uksV 4-12-2) o xr o"kZ
ls lEcfUkr nkoksa ds vadksa dk lek;kstu ugha djus ds ifj.kkeLo:i] orZeku o"kZ ds nkoksa dks de vakdk (;k vfkd vkadk)
x;k gSA ftldk vkfFkZd izHkko vkdyu ;ksX; ugha gSA
(x)
th vkbZ lh ls vfkxzg.k fd, x, iQly chek dkjksckj ls lEcfUkr ifjlEifk;k o nsunkfj;k ljdkj ls eatjw h feyus ij fuHkZj
gSA (lanHkZ% ys[kksa ij uksV&layXud&2 ds uksV la- 2-1)
jk;
gekjh jk; es]a vkSj gesa nh xbZ tkudkjh ,oa Li"Vhdj.k ds vuqlkj mDr ys[kks]a egRoiw.kZ ys[kk uhfr;k vkSj fVIif.k;ksa ds lkFk
ifBr mDr ys[kk mlh rjg rS;kj fd, tkrs gSa o tkudkjh iznku djrs gSa tSlk fd chek vfkfu;e 1938] chek fofu;ked vkSj fodkl
izkfkdkj.k vfkfu;e 1999 vkSj dEiuh vfkfu;e 1956 ds varxZr visf{kr gaS flok, ;ksX; jk; ds vkkkj ij of.kZr izHkko ds] ftldk
izHkko 31-3-2013 ds jktLo [kkrs] ykHk gkfu [kkrs] ifjlEifk] ns;rk vkSj vkj{kh jkf'k o vfk'ks"k ij ml lhek rd fukkZfjr vkSj mlh lhek
rd tks x.kuh; ugha gS ij ifj.kkeh izHkko gS tks fd Hkkjr esa lkekU;r% viukbZ tkus okyh ys[kk ifr ds lEcUk esa ,d lgh ,oa fu"i{k
voyksdu izLrqr djrk gSA
i)
rqyu i=k ds lEcUk esa 31 ekpZ 2013 dks dEiuh dh dk;Z fLFkfr%
ii)
jktLo ys[kk ds lEcUk es]a lekIr o"kZ ds fy, mDr frfFk dks iQly chek dkjksckj dk vfk'ks"kA
iii)
ykHk vkSj gkfu ys[kk ds lEcUk esa lekIr gq, o"kZ ds fy, mDr frfFk dks ykHk
iv)
udn izokg fooj.k ds lEcUk esa lekIr gq, o"kZ ds fy, mDr frfFk dks udn izokg
vU; dkuwuh vkSj fofu;ked vis{kkvksa dk izfrosnu

dEiuh vfkfu;e 1956 dh kkjk 227 (3) ds vis{kkuqlkj] ge izfrosnu djrs gSa fd %&
(d)
geus os lHkh lwpuk, vkSj Li"Vhdj.k izkIr dh ga]S tks gekjh loksZ ke tkudkjh vkSj fo'okl ds vuqlkj gekjh ys[kk
ijh{kk ds iz;kstu ds fy, vko';d gaAS
([k)
gekjh jk; esa dEiuh }kjk j[ks x, ys[kk [kkrksa dh tkp djus ls izrhr gksrk gS fd ;s oSkkfud :i ls visf{kr ys[kk
cfg;k gSa vkSj {ks=kh; dk;kZy;ksa ls izkIr fjVuZ ,oa [kkrs gekjh ys[kk ijh{kk ds fy, i;kZIr gS] ge bl rjg ds fjVuZ esa
fufgr tkudkjh ds fy, {ks=kh; lkafofkd ys[kk ijh{kdksa ds dk;Z ij Hkjkslk djrs gSAa
(x)
bl izfrosnu esa 'kkfey fd, x, rqyu i=k] jktLo [kkrs] ykHk vkSj gkfu [kkrk rFkk udn izokg fooj.k] {ks=kh; dk;kZy;ksa
ls izkIr fjVuZ rFkk cfg;ksa o foojf.k;ksa ds vuqlkj lqefs yr gSA
(?k)
;ksX; jk; ij vkkkfjr iSjk esa of.kZr ekeys ds izHkko dks NksMd
+ j gekjh jk; esa rqyu i=k jktLo [kkrk] ykHk gkfu [kkrk
vkSj udn izokg fooj.k esa dEiuh }kjk p;fur ys[kk i}fr] dEiuh vfkfu;e 1956 dh kkjk 211 dh mikkjk 3 (c)
ds ys[kk ekudksa ds vuqdy
w gS vkSj vkbZ vkj Mh , }kjk fukkZfjr ys[kkadu flkarksa (ijh{kd izfrosnu) vkSj vkbZ vkj
Mh , fofu;ked (fokh; fooj.k dh rS;kjh) ;k fdlh Hkh vU; vkns'k ;k funs'k ds vuq:i gSA
(M)
o"kZ ds vUr esa ns;rkvksa dk chekadd ewY;kadu] fu;qDr chekadd }kjk izekf.kr fd;k x;k gSA dEiuh ds fokh; fooj.kksa
ij gekjh jk; izek.khdj.k ij vkkkfjr gSA
19

(f)
All the directors of the company are nominees of public financial institutions or Government of
India and as per General Circular No. 8/2002 dated 22/08/2002 of the Department of Company
Affairs, the nominee directors appointed on the Board of the Company by public financial institutions,
within the meaning of section 4A of the Companies Act, 1956, and Central Government are
exempt from the applicability of the provisions of Section 274 (1) (g) of the Companies Act, 1956.
(g)
In our opinion, the investments have been valued in accordance with the provisions of the Insurance
Act, 1938 and the applicable IRDA Regulations, 2002.
For M/s. S. C. Vasudeva & Co.

Chartered Accountants
Firm Regn. No. 00235N
For M/s. K. K. Ghei & Co.

Abhinav Khosla
Partner
M. No. 087010
Sumit Ghei
Partner
M. No. 097893
Place: New Delhi

Date: 18.06.13
20

(p)
dEiuh ds lHkh funs'kd lkoZtfud fokh; laLFkkuksa ;k Hkkjr ljdkj ls ukfer gSa vkSj dEiuh ekeyksa ds foHkkx ds lkekU;
ifji=k la- 8@2002 fnukafdr 22@8@2002 ds vuqlkj dEiuh ds cksMZ esa ukfer funs'kd lkoZtkfud fokh; laLFkkuksa }kjk
fu;qDr gaAS vFkkZr~ dEiuh vfkfu;e 1956 dh kkjk 4 , vkSj dsUnz ljdkj }kjk dEiuh vfkfu;e 1956 dh kkjk 274
(1) ds izkokkuksa ds ykxw djus esa NwV nh gSA
(N)
gekjh jk; esa fuos'k dks] chek vfkfu;e 1938 ds izkokkuksa vkSj vkbZ vkj Mh , ds ykxw fofu;ked 2002 ds vuqlkj
ewY;kafdr fd;k x;k gSA
d`rs eSa- ,l lh
lh-- oklqnsok ,.M dalunh ys[kkdkj
iQeZ jft- ua- 00235 ,u
d`rs eS- ds ds ?kbZ ,.M dalunh ys[kkdkj

vfHkuo [kkslyk
Hkkxhnkj
lnL;rk la- 087010
lqfer ?kbZ
Hkkxhnkj
lnL;rk la- 097893
LFkku % ubZ fnYyh

fnukad % 18-06-2013
21

S. C. Vasudeva & Co.,

B-41, Panchsheel Enclave,
New Delhi 110017
K. K. Ghei & Co.,

806, Hemkunt House
6, Rajendra Place
New Delhi-110008
Certificate
To the Members of
AGRICULTURE INSURANCE COMPANY OF INDIA LIMITED
We have audited the accompanying Financial Statements of AGRICULTURE INSURANCE COMPANY OF INDIA
LIMITED (the Company), which comprise of the Balance Sheet as at 31st March, 2013, the Revenue Account
and Profit and Loss Account in respect of crop insurance business and Cash Flow Statement for the year then
ended,in which are incorporated the returns of seventeen Regional Offices audited by the other firms of Chartered
Accountants, which have been taken into consideration by us and a summary of significant accounting policies
and other explanatory information and on the basis of our examination we certify that :
(a)
We have reviewed the management report and there is no apparent mistake or material
inconsistency with the financial statements.
(b)
As per information and explanations given by the management, the terms and conditions as laid
down in Section 3(4) of the Insurance Act, 1938 regarding registration have been complied with.
(c)
To the best of our information and explanations given to us and representations made by the
Company, the Company is not a trustee of any trust.
(d)
We have verified the cash and bank balances, investments on the following basis:
(e)
Cash
Physical verification at Head Office.
Bank Balance
Bank confirmation certificate at Head Office.
Investments
Custodian certificate at Head Office.
To the best of our information and explanations given to us and on the basis of representations
made by the Company, no part of the assets of the policyholders funds has been directly or
indirectly applied in contravention of the provisions of the Insurance Act, 1938, relating to the
application and investments of the policyholders fund.
For M/s. S. C. Vasudeva & Co.

For M/s. K. K. Ghei & Co.

Abhinav Khosla
Partner
M. No. 087010
Sumit Ghei
Partner
M. No. 097893
Place: New Delhi

Date: 18.06.13
22

,l lh- oklqnsok ,.M dalunh ys[kkdkj

ch&41] iap'khy ,Udyso
ubZ fnYyh & 110017
ds ds ?kbZ ,.M dalunh ys[kkdkj

806] gsedqaV gkl
6] jktsUnzk Iysl]
ubZ fnYyh & 110008
izek.k i=k
,xzhdYpj ba'kksjUs l dEiuh vkWiQ bf.M;k fyfeMsV ds lnL;ksa dks
geus ,xzhdYpj ba'kksjsUl dEiuh vkWiQ bf.M;k fyfeMsV ds 31 ekpZ 2013 dks lekIr o"kZ ds fy, iQly chek O;kikj]
ds lEcUk esa layXu ftlesa fokh; fooj.kh o rqyui=k Hkh tqMk gS] vkSj jktLo [kkrk] ykHk gkfu [kkrk rFkk udn izokg fooj.k dh tkp
dh gSA ftlesa 17 {ks=kh; dk;kZy;ksa dh foojf.k;ksa dh tkp lunh ys[kkdkjksa dh vU; iQekZas }kjk ifjf{kr dh xbZ gSA tks fd gekjs }kjk ;ku
esa j[k dj] o egRoiw.kZ ys[kk uhfr;ksa dk lkjka'k] vkSj vU; tkudkjh tks le>kbZ xbZ gS o gekjs }kjk dh xbZ tkp ds vkkkj ij] ge izekf.kr
djrs gSa fd %&
(d)
geus izca ku dh fjiksVZ dh leh{kk dh gS vkSj fokh; fooj.kksa esa dksbZ Li"V xyrh ;k oLrqxr valxfr ugha gSA
([k)
izca ku }kjk dh xbZ lwpuk ,oa O;k[;kvksa ds vuqlkj iathdj.k ds lEcUk esa chek vfkfu;e 1938 dh kkjk 3 (4)
esa of.kZr fu;eksa ,oa 'krksaZ dk vuqikyu fd;k x;k gSA
(x)
gekjh loksZ ke tkudkjh ,oe~ geas nh xbZ O;k[;kvksa (Li"Vhdj.k)] rFkk dEiuh ds izLrqfr;ksa ds vuqlkj] dEiuh fdlh
U;kl dh U;klh ugha gSA
(?k)
geus fuEufyf[kr vkkkj ij udn ,oe~ cSd

a cSyl
s ] fuos'k dh tkp iM+rky dh gSA %
udn
%
eq[; dk;kZy; esa okLrfod lR;kiu
cSd
a 'ks"k %
eq[; dk;kZy; esa cSd
a }kjk lR;kfir izek.k i=k
fuos'k
%
eq[; dk;kZy; esa vfHkj{kd izek.k i=k
(M)
gekjh loksZ ke tkudkjh rFkk gesa nh xbZ O;k[;k (Li"Vhdj.k) ds vuqlkj ,oa dEiuh }kjk nh xbZ izLrqfr;ksa ds vkkkj
ij] ikfylhkkjdksa ds dks"k dh ifjlEifk;ksa dk dksbZ Hkh va'k] izR;{k vFkok vizR;{k :i ls] chek vfkfu;e 1938
ds izkokkuksa dks ;k izfrdwy :i ls bLrseky ugha fd;k x;k gS] tks ikWfylhkkjdksa ds dks"k ds fuos'k vkSj vuqi;z ksx ls
lEcafkr gSA
d`rs eSa- ,l lh- oklqnsok ,.M dalunh ys[kkdkj

d`rs eS- ds ds ?kbZ ,.M dalunh ys[kkdkj

vfHkuo [kkslyk
ikVZuj
lnL;rk la[;k 087010
lqfer ?kbZ
ikVZuj
lnL;rk la[;k 097893
LFkku % ubZ fnYyh

fnukad % 18-06-13
23

Directors Report for the Financial Year 2012-13

To the Shareholders of the Agriculture Insurance Company of India Limited
Your Directors take pleasure in presenting the 10th Annual Report of the Company, along with the Audited Statement
of Annual Accounts for the financial year ended on March 31, 2013.
MANAGEMENT DISCUSSION AND ANALYSIS
Your Company presents below a composite summary of performance of its business and functions of the Company
to be considered under directors report and the management discussion and analysis for the year 2012-13.
FINANCIAL PERFORMANCE
SN
Particular
REVENUE ACCOUNT
Current Year
Previous Year
2012-13
2011-12
(Rupees in Crore)
Gross Direct Premium
3297
2577
Net Premium (Net of Re-insurance)
1595
1357
Net Premium Earned
1476
1320
Net Incurred Claims
1444
1021
Commission earned (Net)
(223)
(237)
Operating Expenses
46
36
Net Investment Income apportioned to Revenue A/c
164
150
Revenue Profit/(Loss)
371
648
PROFIT & LOSS ACCOUNT

9
Net Investment Income apportioned to P&L A/c
144
94
10
Other Incomes
0.56
4.60
11
Prior Period Expenses & Adjustments
12
Other Expenses & Provisions
(3.41)
(2.12)
13
Profit Before Tax
512
745
14
Provision for Taxes
164
242
15
Profit After Tax
348
502
16
Previous year set-off & adjustments
NIL
NIL
17
Proposed dividend
25
18
Dividend Distribution Tax
19
Transfer to General Reserve
348
473
20
Balance of Profit c/f
NIL
NIL
th
The Board approved and adopted Annual Accounts for the year 2012-13 at its 53rd Meeting held on 18 June, 2013
read along with Statutory Auditors Report.
BUSINESS REVIEW AND SUMMARY OF OPERATIONS
Monsoon 2012
The rainfall for the season (June-September) in the country was 92 % of its long period average (LPA). Out of the
total 36 meteorological subdivisions, 23 subdivisions constituting 67.3% of the total area of the country received
24

fokh; o"kZ 2012&13 ds fy, funs'kdksa dh fjiksVZ

,xzhdYpj ba';ksjasl dEiuh vkWiQ bf.M;k fyfeVsM ds 'ks;jkkjdksa dks
vkids funs'kd lg"kZ 31 ekpZ 2013 dks lekIr fokh; o"kZ ds fy, okf"kZd ys[kkvksa ds ys[kk&ijhf{kr fooj.k lfgr dEiuh dh 10oha okf"kZd
fjiksVZ izLrqr djrs gSa
izcUk ifjppkZ ,oa fo'ys"k.k

vkidh dEiuh blds O;olk; ,oa dk;Zdykiksa ds fu"iknu dk ,d lesfdr fooj.k uhps izLrqr djrh gS ftls funs'kdska dh fjiksVZ vkSj o"kZ
2012&13 ds izca kdh; foe'kZ vkSj fo'ys"k.k esa 'kkfey fd, tkus ij fopkj fd;k tk,A
foRRkh; fu"iknu
e
la-
fooj.k
pkyw o"kZ
2012&13
djksM+ #- esa
3297
1595
1476
1444
(223)
46
164
371
fiNyk o"kZ
2011&12
jktLo [kkrk
1
ldy izR;{k izhfe;e
2577
2
fuoy izhfe;e (fuoy&iquchZek)
1357
3
fuoy vftZr izhfe;e
1320
4
fuoy mixr nkos
1021
5
vftZr deh'ku (fuoy)
(237)
6
ifjpkyu [kpsZ
36
7
jktLo [kkrs esa lafoHkkftr fuoy fuos'k vk;
150
8
jktLo ykHk@(gkfu)
648
ykHk ,oa gkfu [kkrk
9
ykHk ,oa gkfu [kkrs esa lafoHkkftr fuoy fuos'k vk;
144
94
10
vU; vk;
0-56
4-60
11
iwoZ vofk [kpZ ,oa lek;kstu
0
0
12
vU; [kpZ ,oa izkokku
(3-41)
(2-12)
13
dj ls igys ykHk
512
745
14
djksa ds fy, izkokku
164
242
15
dj&i'pkr ykHk
348
502
16
fiNys o"kZ dh {kfriwfrZ ,oa lek;kstu
'kwU;
'kwU;
17
izLrkfor ykHkka'k
&
25
18
ykHkka'k forj.k dj
&
4
19
lkekU; fjtoZ esa varfjr
348
473
20
vkxs yk, x, ykHk ds 'ks"k
'kwU;
'kwU;
eaMy us 18 twu] 2013 dks gqbZ viuh 53oha cSBd esa o"kZ 2012&13 ds okf"kZd ys[kk laoS kkfud ys[kk&ijh{kdksa dh fjiksVZ ds lkFk vuqeksfnr
,oa vaxhd`r fd,A
O;olk; laoh{kk rFkk izpkyukas dk lkjka'k

ekulwu 22012
012
ns'k esa ekSle (twu&flrEcj) dh o"kkZ viuh nh?kZ&vofk vkSlr dk 92 % jghA 36 ekSleh; mi&eaMyksa esa ls ns'k ds dqy {ks=k dk 673 % izfrfufkRo djus okys 23 mi eaMyksa esa vfkd@lkekU; ekSleh o"kkZ gqbZ rFkk 'ks"k 13 mieaMyksa (ns'k ds dqy {ks=k dk 32-7%) esa
25

excess/normal season rainfall and the remaining 13 subdivisions (32.7% of the total area of the country) received
deficient season rainfall. The monthly rainfall over the country as a whole was 72% of LPA in June, 87% of LPA in
July, 101% of LPA in August and 111% of LPA in September.
National Agricultural Insurance Scheme
Under National Agricultural Insurance Scheme (NAIS), during the past 27 seasons, beginning from Rabi 19992000 till Rabi 2012-13, your Company have covered 20.76 crore farmers for a sum insured of 291000 crore and
cultivating area of 31.28 crore hectares, the total amount of claims of 28683 crore have been reported at a claim
ratio of 333.48% benefiting 5.40 crore farmers. Under the Scheme, 26% of the insured farmers have received
claims.
Non-NAIS Portfolio
The Non-NAIS segment reported improved coverage in terms of the number of locations, number of crops insured
and farmers covered under different Schemes/products.
Weather Based Crop Insurance Scheme
Under Weather Based Crop Insurance Scheme (WBCIS), your Company covered more than 35 different crops,
including perennial crops like apple, citrus crops, grapes, mango, pomegranate, cashew nut, oil palm etc. The
Scheme was implemented in 13 States in Kharif 2012 and 14 States in Rabi 2012-13. During Kharif 2012, your
Company insured about 60.16 lakh hectares of land and 35.48 lakh farmers for a sum insured of 7239 crore,
earning a premium of 726 crore. During Rabi 2012-13, your Company insured nearly 43.23 lakh hectares of land
of 37.06 lakh farmers for a sum insured of 6827 crore, at a premium of 606 crore. So far the reported claims for
Kharif 2012 are at 540 crore and the same for Rabi 2012-13 is 502 crore.
Modified National Agricultural Insurance Scheme
Under Modified National Agricultural Insurance Scheme (MNAIS), your Company implemented the Scheme during
Kharif 2012 in 29 Districts in 12 States insuring 16 lakh farmers for a sum insured of 4358 crore against premium
of 509.43 crore. During Rabi 2012-13, the Scheme was implemented in 24 Districts in 11 States insuring 7.82
lakh farmers for a sum insured of 1585 crore against premium of 177.99 crore. So far total claims assessed in
respect of Kharif 2012 are 640 crore.
Coconut Palm Insurance Scheme
Your Company implemented the pilot Coconut Palm Insurance Scheme (CPIS), which is supported by the Coconut
Development Board (CDB), in 4 States, viz. Andhra Pradesh, Kerala, Maharashtra and Tamil Nadu during 2012-13.
OTHER PRODUCTS
Apart from the above, your Company continued to implement various in-house products, including Rainfall / Varsha
Bima, Coffee Rainfall Insurance Scheme, Bio fuel Insurance and Rubber Plantation Insurance etc.
REINSURANCE
During 2012-13, your Company retained only 30% in case of WBCIS and MNAIS and in case of NAIS (FCOS
Higher Coverage and ACH) 40% of its risk based premium and ceded 70% and 60% to reinsurance on quota share
basis respectively in the local and the international markets. The net retention viz., WBCIS, MNAIS and NAIS
(Kharif) is further protected by stop-loss cover.
26

U;wu ekSleh o"kkZ gqbAZ iwjs ns'k esa twu esa nh?kZ vofk vkSlr dk 72% Fkk tqykbZ esa nh?kZ vkSlr dk 87%] vxLr esa nh?kZ vofk vkSlr 101%
,oa flrEcj esa nh?kZ vofk vkSlr dk 111% FkkA
jk"Vh; d`f"k chek ;kstuk

uk;l ds vUrxZr fiNys 27 ekSleksa ds nkSjku 1999&2000 jch ls vkjEHk gksdj 2012&13 jch rd 291000 djksM+ #- dh chek jkf'k gsrq
20-76 djksM+ fdlkuksa dks doj fd;k x;k vkSj jkksfir {ks=k 31-28 djksM+ gSDVs;j Fkk vkidh dEiuh }kjk 28683 djksM #i;s dh dqy jkf'k
ds fjiksVZ fd, x, nkoksa ls ftldk nkok vuqikr 333-48% gS] 5-40 djksM+ fdlkuksa dks fgrykHk iznku fd;k x;kA bl ;kstuk ds vUrxZr
26% chfer fdlkuksa us nkos jkf'k izkIr dhA
xSj jk-d`-ch- ;kstuk iksVZiQksfy;ks

xSj jk-d`-ch- ;kstuk [k.M esa fofHkUu ;kstukvks@a mRiknksa ds rgr vkofjr LFkkuksa dh la[;k] chfer iQlyksa dh la[;k] doj fd, x, fdlku
vkSj ldy izhfe;e ds lEcUk esa lqkkj dh fjiksVZ gS
ekSle vkkkfjr iQly chek ;kstuk

vkidh dEiuh }kjk ekSle vkkkfjr iQly chek ;kstuk (MCY;w-ch-lh-vkbZ-,l) esa 35 ls vfkd fofHkUu iQlysa ftlesa ckjgeklh iQlysa tSls
lsc] uhEcw oa'k iQlysa vaxjw ] vke] vukj] dktw] rsy] rkM+ vkfn doj dh x;hA ;g ;kstuk [kjhiQ 2012 esa 13 jkT;ksa vkSj jch 2012&13 esa
14 jkT;ksa esa f;kfUor dh xbZA vkidh dEiuh }kjk [kjhiQ 2012 ds nkSjku yxHkx 35-48 yk[k fdlkuksa dh 60-16 yk[k gSDVs;j Hkwfe dks
7239 djksM+ #i;s chek jkf'k gsrq chfer dj 726 djksM+ #i;s izhfe;e vftZr dh vkSj jch 2012&13 ds nkSjku yxHkx 37-06 yk[k fdlkuksa
dh 43-23 yk[k gSDVs;j Hkwfe dks 6827 djksM+ #i;s chek jkf'k gsrq chfer dj 606 djksM+ #i;s izhfe;e izkIr fd;k x;kA vHkh rd [kjhiQ
2012 ds fy, 540 djksM+ #i;s ,oa jch 2012&13 gsrq 502 djksM+ jkf'k #i;s ds nkos fjiksVZ fd, x, gSAa
la'kksfkr jk"Vh; d`f"k chek ;kstuk

vkidh dEiuh }kjk [kjhiQ 2012 ds nkSjku la'kksfkr jk"Vh; d`f"k chek ;kstuk ds dk;kZUo;u esa 12 jkT;ksa esa 29 ftyksa esa 509-43 djksM+ #i;s
izhfe;e ds fo# 4358 djksM+ #i;s chek jkf'k gsrq 16 yk[k fdlkuksa dk chek fd;k vkSj jch 2012&13 ds nkSjku 11 jkT;ksa esa 24 ftyksa
esa 177-99 djksM+ #i;s izhfe;e ds fo# 1585 djksM+ #i;s chek jkf'k ds fy, 7-82 yk[k fdlkuksa dks chek fd;k x;k A vHkh rd [kjhiQ
2012 ds lEcUk esa ewY;kafdr nkos 640 djksM+ #i;s ds gSAa
ukfj;y rkM+ chek ;kstuk

fokh; o"kZ 2012&13 ds nkSjku vkidh dEiuh }kjk ukfj;y rkM+ chek ;kstuk (lhihvkbZ,l) ds vUrxZr ukfj;y fodkl cksMZ (lh Mh ch)
}kjk lefFkZr ik;yV dk dk;kZUo;u pkj jkT;ksa ;Fkk vkUkz izn's k] dsjy] egkjk"V vkSj rfeyukMq esa fd;k x;kA
vU; mRikn
mDr ds vfrfjDr] ,-vkbZ-lh- ds fofHkUu bu gkml mRikn ftlesa o"kkZ chek] dkWiQh o"kkZ chek ;kstuk] ck;ks ;wy chek] jcM+ ckxku chek
vkfn 'kkfey gS] dk Hkh dk;kZUo;u dj jgh gSA
iquchZek
o"kZ 2012&13 ds nkSjku vkidh dEiuh us vius tksf[ke vkkkfjr izhfe;e dk ekSle vkkkfjr iQly chek ;kstuk rFkk la'kksfkr jk"Vh; d`f"k
chek ;kstuk ds ekeys esa dsoy 30 % vkSj jk"Vh; d`f"k chek ;kstuk ([kk| iQlysa ,oa frygu mPp dojst rFkk okf"kZd O;kolkf;d ckxokuh)
ds ekeys esa 40% izfrkkfjr fd;k rFkk e'k% 70% vkSj 60% va'k lgHkkfxrk vkkkj ij LFkkuh; ,oa vUrjkZ"Vh; ekdsVZ esa iquchZekdrkZvksa
dks vfiZr fd;k gSA fuoy izfrkkj.k vFkkZr~ ekSle vkkkfjr iQly chek ;kstuk] la'kksfkr jk"Vh; d`f"k chek ;kstuk rFkk jk"Vh; d`f"k chek
;kstuk ([kjhiQ) vkxs gkfu&jksk vkoj.k(LVkWi ykWl vkoj.k) }kjk lqjf{kr fd;k x;k gSA
27

INVESTMENTS
During 2012-13, your Companys investment portfolio was 3994 crore (previous year 3224 crore), earning an
investment income of 309 crore (previous year 244 crore) at an annual average yield of 9.03% as compared to
8.98% during 2011-12. The investments in Government and other securities are made on held to maturity basis,
therefore, the market fluctuations do not have any impact on the yield.
EXPENSES OF MANAGEMENT
During 2012-13, your Companys expenses of management amounted to
crore), resulting in ME ratio of 1.41% (previous year 1.41%).
46.44 crore (previous year
36.37
DIVIDEND & TRANSFER TO GENERAL RESERVES

During 2012-13, your Company has earned a post-tax profit of 348.21 crore. As the operating profit of the
Company is lower in comparison to 2011-12, the Board of Directors of your Company has decided not to recommend
any dividend for this financial year and to appropriate the profits to the General Reserve to further strengthen the
Companys financials.
Your Company has transferred 348.21 crore to the General Reserve from the Profit after Tax and Appropriations.
SOLVENCY MARGIN
During 2012-13, your Company has been able to maintain Solvency Ratio above the stipulated requirement of 1.5.
During 2012-13, your Companys Solvency Ratio, stands at 2.47 (previous year 3.18).
This solvency has been arrived at without considering 200 crore ad-hoc payment made to the Government of
India as per their letter no. F. No. C-13014/16/2004-Ins. I dated 23.12.2009, although the same, pending recasting
of the National Agricultural Insurance Scheme, has been accounted for as Other Advances in the Annual Accounts
st
as on 31 March 2013.
MATERIAL CHANGES AND COMMITMENTS
No material changes and commitments affecting the financial position of the Company has occurred between April
1, 2012 and the date on which this Report has been signed.
PUBLIC DEPOSITS
During 2012-13, your Company has not accepted any deposit from the public under Sections 58A and 58AA of the
Companies Act, 1956 read with the Companies (Acceptance of Deposits) Rules, 1975.
ADDITIONAL INFORMATION REQUIRED UNDER THE COMPANIES (DISCLOSURE OF PARTICULARS IN
THE REPORT TO THE BOARD OF DIRECTORS) RULES, 1988
Your Company is registered for crop insurance business only and as such, there are no particulars to be disclosed
under the Companies (Disclosure of Particulars in the Report to the Board of Directors) Rules, 1988 with regard to
conservation of energy / technology absorption.
The particulars of Foreign Exchange earnings/outgo as required by the Companies Act under Section 217(1) (e)
are as given below:Foreign Exchange earnings
NIL
Foreign Exchange outgo
NIL
28

fuos'k
o"kZ 2012&13 ds nkSjku vidh dEiuh dk fuos'k iksViZ Qksfy;ksa 3994 djksM+ #i;s (fiNys o"kZ 3224 djksM+ #i;s) gSA 9-03% ds okf"kZd vkSlr
izfriQy dh nj ls 309 djksM+ #i;s (fiNys o"kZ 244 djksM+ #i;s) fuos'k vk; vftZr dh gS tks fd 2011&12 ds nkSjku 8-98% FkhA ljdkjh
,oa vU; izfrHkwfr;ksa esa fuos'k îfjiDork* vkkkj ij fd;k x;k gS blfy, cktkj ds mrkj&p<+ko dk izfriQy ij dksbZ izHkko ugha gksxkA
izcUku [kpsZ
fokh; o"kZ 2012&13 ds nkSjku dEiuh ds izcUku [kpksaZ dh jkf'k 46-44 djksM+ #i;s (fiNys o"kZ 36-37 djksM+ #i;s) gS] ifj.kkeLo:i izcUku
[kpks dk vuqikr 1-41% (fiNys o"kZ 1-41%) gSA
ykHkka'k ,oa lkekU; vkjf{kr fufk;ksa esa vraj.k

o"kZ 2012&13 ds nkSjku vkidh dEiuh us dj Hkqxrku ds i'pkr 348-21 djksM+ #i;s ykHk vftZr fd;k gSA pwfa d dEiuh dk izpkfyr ykHk
2011&12 dh rqyuk esa de gS] vkids cksMZ }kjk fu.kZ; fy;k x;k gS fd bls fokh; o"kZ gsrq ykHkka'k ugha fn;k tk, vkSj ykHkksa dk fofu;kstu
lkekU; vkjf{kr fufk;ksa esa fd;k tk, ftlls dEiuh dh fokh; fLFkfr vkSj vfkd lqn<` + gks tk,A
dEiuh us dj Hkxqrku ds i'pkr ykHk vkSj fofu;kstu esa ls 348-21 djksM+ #i;s dk varj.k lkekU; vkjf{kr fufk esa fd;k gSA
(lkWyosalh) ekftZu] .k 'kksku {kerk

2012&13 esa vkidh dEiuh lkWyosl
a h vuqikr dks 1-5 fukkZfjr vis{kk ls ij j[kus esa l{ke jghA 2012&13 ds nkSjku vkidh dEiuh dk
lkWyosl
a h vuqikr 2-47 jgk (fiNys o"kZ 3-18)
lkWyosl
a h dh x.kuk djrs le; Hkkjr ljdkj dks muds fnukd 23-12-2009 ds i=k la- ,iQ u- lh&13014@16@2004 b'-1 ds vuqlkj fn,
x, 200 djksM+ #i;s ds rnFkZ Hkqxrku dks 'kkfey ugha fd;k x;k gS] gkykafd mls] jk"Vh; d`f"k chek ;kstuk dh iquxZ .kuk yafcr jgrs gq,]
31 ekpZ 2013 dks okf"kZd [kkrksa esa ^^vU; vfxze** ds :i esa ys[kkafdr fd;k x;k gSA
egRoiw.kZ ifjorZu vkSj izfrcrk,

1vizy
S ] 2012 vkSj ;g fjiksVZ gLrk{kfjr gksus dh frfFk ds chp dEiuh dh fokh; fLFkfr dks izHkkfor djus okys dksbZ egRoiw.kZ ifjorZu
,oa izfrcrk, ?kfVr ugha gqbZ gSAa
lkoZtfud tek
vkidh dEiuh }kjk o"kZ 2012&13 ds nkSjku dEiuh (tek dh Lohd`fr) fu;e 1975 ds lkFk ifBr dEiuh vfkfu;e 1956 dh kkjk 58
, vkSj 58 ,, ds vUrxZr dksbZ Hkh lkoZtfud tek Lohd`r ugha dh xbZ gSA
dEiuh (eaMy ds funs'kdksa dks nh xbZ fjiksVZ esa rF;ksa dk izdVu) fu;e 1988 ds vUrxZr visf{kr
vfrfjDr tkudkjh
vkidh dEiuh dsoy iQly chek O;olk; djus gsrq iathd`r gS vkSj dEiuh (eaMy ds funs'kdksa dks nh xbZ fjiksVZ esa rF;ksa dk izdVu)
fu;e 1988 ds vUrxZr tkZ laj{k.k@rduhd lekos'ku ds lEcUk esa dksbZ rF; izdVu gsrq ugha gSA
dEiuh vfkfu;e dh kkjk 217 (1) () ds vUrxZr fons'kh fofu;e vtZu@O;; lEcUkh rF; nsuk visf{kr gS] fuEukuqlkj gS%&
fons'kh fofu;e vtZu
% dksbZ ugha
fons'kh fofu;e O;;
% dksbZ ugha
29

STATUTORY AUDITORS AND SUPPLEMENTARY AUDIT BY C & AG of India

The Statutory Audit Report by the Joint Statutory Auditors, namely, M/s S. C. Vasudeva & Co., Chartered Accountants,
New Delhi and M/s K. K. Ghei & Co., Chartered Accountants, New Delhi, as appointed by the Comptroller and
Auditor General of India (C & AG), is annexed to the Financial Statements for the year ended on 31st March 2013.
The Board of Directors wishes to place on record its appreciation for the services rendered by the Statutory
Auditors. The observations of Statutory Auditors in their report, read with the relevant notes to accounts, are selfexplanatory and, therefore, do not require any further explanation.
It is pertinent to mention here that as per the provisions of Section 619 (3) of the Companies Act, 1956, the
Companys Annual Accounts 2012-13 were also subjected to Supplementary Audit by the C & AG and they have
decided not to review the report of the Statutory Auditors on the accounts of the Company for the year ended 31st
March 2013 and as such have no comments to make under Section 619(4) of the Companies Act, 1956.
The Joint Statutory Auditors named above shall retire, and being reappointed by C & AG as the Joint Statutory
Auditors of the Company for 2013-14 is presented for reappointment by the shareholders in the Annual General
Meeting. The Company being subject to the provisions of Section 619B of the Companies Act, 1956, wherein more
than 51% of the Subscribed and Paid-up Share Capital is held by Government Companies, the appointment of
Auditors and the payment of remuneration to them is required to be approved by a special resolution, pursuant to
Section 224-A of the Companies Act, 1956. Accordingly, the shareholders are requested to appoint the Auditors
and fix their remuneration.
MARKETING
During 2012-13, your Company conducted several awareness and publicity campaigns for its products through
various-newspaper, television, radio, etc., and also by distributing leaflets, pamphlets and brochures among the
farmer and also among the Bank and State Government Officials. Your Company also participated in various Kisan
Melas organized by District Authorities for increasing awareness of crop insurance.
Your Company empanels only IRDA approved intermediaries and provides them the requisite training and product
literature. The intermediaries are trained on the various aspects of the Government Schemes, in-house products,
statutory financial compliances, policy holder servicing regulations, etc. The grassroot level brokers, micro-insurance
agents have been engaged to maintain growth in terms of farmers covered, policies issued and premium collected
for the year 2012-13.
During 2012-13, your Company has also executed coinsurance agreement with four GIPSA Companies for coverage
of non-loanee farmers through their agency network for MNAIS and WBCIS. For this purpose, district-wise training
was imparted to branch Officials and Agency forces, in coordination with GIPSA Companies. Further, our Officers
in the Regional Offices and One Man Offices at District levels were actively involved in the marketing of various
insurance products.
During 2012-13, Krishi Bima Sansthan (KBS) have been operating in selected Districts, to create awareness and
develop crop insurance literacy network for different products, particularly among non loanee farmers.
However, the major contribution to the Companys portfolio continues to come from the Rural Financial Institutions
i.e. Branches of Cooperative Banks, Commercial Banks and Regional Rural Banks.
ESTATE
During 2012-13, your Company has acquired six flats in CWG village, New Delhi from Delhi Development Authority
(DDA).
30

lkafofkd ys[kk ijh{kd vkSj Hkkjr ds fu;a=kd ,oa egkys[kkdkj }kjk vuqiwjd ys[kk ijh{kk
31 ekpZ 2013 dks lekIr o"kZ ds fy, fokh; fooj.k ds lkFk Hkkjr ds fu;a=kd ,oa egkys[kkdkj }kjk fu;qDr la;Dq r lkafofkd ys[kk ijh{kd
eSllZ ,l-lh- oklqnos ,.M dEiuh lunh ys[kkdkj] ubZ fnYyh ,oa eSllZ ds-ds ?kbZ ,.M dEiuh lunh ys[kkdj] ubZ fnYyh }kjk rS;kj dh
xbZ lkafofkd ys[kk ijh{kk fjiksVZ layXu gSA
eaMy ds funs'kdksa us lkafofkd ys[kk ijh{kdksa }kjk nh xbZ lsokvksa ds fy, vkHkkj fjdkMZ djus dh bPNk O;Dr dhA lkafofkd ys[kk ijh{kdksa
}kjk mudh fjiksVZ esa nh xbZ fVIif.k;k tks fd ys[kk ds lEc uksV ds lkFk ifBr gS] Lor% Li"V gSa vkSj blfy, vkSj fdlh Li"Vhdj.k dh
vko';drk ugha gSA
;gk ;g mYys[k djuk izklafxd gksxk fd dEiuh vfkfu;e 1956 dh kkjk 619 (3) ds izkokkuksa ds vuqlkj dEiuh ds okf"kZd ys[ks 2012&13
Hkh Hkkjr ds fu;a=kd ,oa egk ys[kkdkj }kjk dh xbZ vuqijw d ys[kk ijh{kk ds vkhu gS vkSj mUgksua s ;g fu.kZ; fy;k gS fd 31 ekpZ 2013
dks lekIr o"kZ gsrq dEiuh ds ys[kksa ij lkafofkd ys[kk ijh{kdksa dh fjiksVZ dh laoh{kk ugha dh tk,xh vkSj oSls Hkh dEiuh vfkfu;e 1956
dh kkjk 619(4) ds vUrxZr dksbZ Hkh fVIi.kh ugha dh xbZ gSA
mDr ukfer la;Dq r lkafofkd ys[kk ijh{kd in&eqDr gks tk,axs vkSj o"kZ 2013&14 ds fy, Hkkjr ds fu;a=kd ,oa egk ys[kkdkj }kjk la;Dq r
lkafofkd ys[kk ijh{kdksa dh iqu% fu;qfDr dh tk jgh gSA dEiuh dh okf"kZd lkkkj.k lHkk esa 'ks;jkkjdksa }kjk iqu% fu;qfDr gsrq vH;kosnu
fn;k x;k gSA D;ksfa d dEiuh] dEiuh vfkfu;e 1956 dh kkjk 619 [k ds izkokkuksa ds vkhu gSA ftlesa 51 % ls vfkd vfHknk ,oa iznk
'ks;j iwth ljdkjh dEifu;ksa }kjk j[kh tkrh gS] dEiuh vfkfu;e 1956 dh kkjk 224 d ds vuqlkj ys[kk ijh{kdks d
a h fu;qfDr vkSj muds
ifjJfed ds Hkqxrku gsrq fo'ks"k ladYi }kjk vuqeksnu ysuk visf{kr gSa rnkuqlku 'ks;jkkjdksa ls vuqjksk gS fd ys[kk ijh{kdksa dh fu;qfDr
djsa vkSj mudk ikfjJfed fukkZfjr djsAa
ekdsZfVax
o"kZ 2012&13 ds nkSjku vkidh dEiuh us vius mRiknksa ds fy, fofHkUu tkx:drk vkSj izpkj vfHk;kuksa dk vk;kstu fofHkUu ek;eksa lekpkj
i=k] Vsyhfotu] jsfM;ksa vkfn vkSj cSd
a ,oa jkT; ljdkj ds vfkdkfj;ksa vkSj fdlkuksa ds chp i=kd] izpkj iqfLrdk, ,oa foojf.kdk ds forj.k
}kjk fd;k x;kA vkidh dEiuh us iQly chek ds izfr tkx:drk c<+kus ds fy, ftyk izkfkdkfj;ksa }kjk vk;ksftr fofHkUu fdlku esyksa esa
Hkh fgLlk fy;kA
vkidh dEiuh eas dsoy chek fu;ked fodkl izkfkdkjh }kjk vuqeksfnr e;LFkksa dks gh iSuyc fd;k tkrk gS vkSj mUgsa mRikn lkfgR;
,oa vko';d izf'k{k.k iznku fd;k tkrk gSA ;s e;LFk ljdkjh ;kstukvks]a bu gkml mRiknks]a lkafofkd fokh; vuqikyu] ikWfylhkkjdksa ds
lsok fofu;eksa vkfn ds fofHkUu igyqvksa ij izf'kf{kr gksrs gSAa o"kZ 2012&13 ds fy, doj fd, x, fdlkuks]a tkjh dh xbZ ikWfyfl;ksa ,oa izhfe;e
,d=khdj.k ds lEcUk esa o`f nj cuk, j[kus ds fy, tulkkkj.k Lrj ds czkd
s jks]a ekbks chek ,tsVa ksa dks fu;qDr fd;k x;k gSA
o"kZ 2012&13 esa vkidh dEiuh }kjk pkj ftIlk dEifu;ksa ds lkFk la- jk- d`- ch- ;kstuk vkSj ekS- vk- iQ- ch- ;kstuk gsrq xSj .kh fdlkuksa
dks muds ,tsl
a h usVodZ ds ek;e ls doj djus ds fy, lgchek djkj Hkh fu"ikfnr fd;k gSA bl ms'; ds fy, ftIlk dEifu;ksa ds lkFk
leUo; LFkkfir dj ftykokj ,tsl
a h ny vkSj 'kk[kk vfkdkfj;ksa dks izf'kf{kr fd;k x;k gSA vkxs fofHkUu chek mRiknksa dh ekdsfZ Vax esa gekjs
{ks=kh; dk;kZy;ksa ds vfkdkjh vkSj ftyk Lrj ij ou eSu d`f"k chek fodkl dk;kZy; lf; :i ls dk;Zjr FksA
o"kZ 2012&13 ds nkSjku p;fur ftyksa esa d`f"k chek laLFkku (ds-ch-,l-) fo'ks"k dj xSj .kh fdlkuksa ds chp fofHkUu mRiknksa gsrq tkx:drk
c<+kus vkSj iQly chek f'k{k.k usVodZ ds fodkl ds fy, dk;Z dj jgsa gSAa
rFkkfi] dEiuh ds iksViZ Qksfy;ksa esa eq[; va'knku xzkeh.k fofk; laLFkkuksa vFkkZr~ dksijsfVo cSd
a ks]a O;kolkf;d cSd
a ks] {ks=kh; xzkeh.k cSd
a ksa dh
'kk[kkvksa ls vk jgk gSA
lEink
o"kZ 2012&13 ds nkSjku vkidh dEiuh esa fnYyh fodkl izkfkdj.k (Mh-Mh-,) ls lh-MCY;w-th-foyst ubZ fnYyh esa 6 ySVksa dk LokfeRo
izkIr fd;k gSA
31

INFORMATION TECHNOLOGY
During 2012-13, your Company envisaged Go-Live for all the 11 Applications in the IT Project Annapoorna. The
core and significant Apps are Business Operations, Research and Development, Financial Management System,
and Marketing and Grievance Redressal System. In fact, 2012-13 annual accounts have been finalized on the new
Financial Management System (FMS) Application.
The next significant stage is integration among Applications, which has been achieved between a few Applications
and is going on for others.
During 2012-13, within the Annapoorna framework, a significant new initiative has been taken up. Following the Coinsurance tie-up with the four GIPSA Companies to procure crop insurance business through their agency network,
the Business Operation (BO) System in Annapoorna has been augmented with additional module for this initiative.
In this module, the process of data exchange and the subsequent functionalities have been developed, both
through the batch route and the automated web services route.
AWARDS
During 2012-13, your Company has seen the recognition and acceptance of Annapoorna across the IT space both
in India and also globally. The CISO 2012 Award for Info Security and recognition from Skoch for Digital and
Financial inclusion have come the way of AIC. In the global arena, the Company won the Asia Insurance Industry
Awards, at Kuala Lumpur, in the category of Technology Initiative of the Year. At Singapore, your Company was
given the Celent Award as Celent Model Insurer for Technology Policy Administration.
PERSONNEL AND INDUSTRIAL RELATIONS
Your Company is a lean organization with limited manpower strength. It was always a challenge to manage the
growing portfolio with the limited human resources available.
To meet this challenge, the Company has recruited 46 Officers during 2012-13 in various specialist disciplines in
the entry cadre of Administrative Officers as per the recommendations in the Human Resource (HR) Report. Two
week induction training was imparted to the selected candidates at OSTC Faridabad, before their joining at their
respective places of posting. During 2012-13, your Company also undertook promotion exercise, by promoting 41
Officers in various cadres. Your Company believes that to face challenges, there is a need to consistently upgrade
skills of its employees. Your Company has put in place an effective training plan for this purpose in different areas
of work. During 2012-13, 87 Officers were nominated to different technical and professional training programmes in
prestigious institutions like National Insurance Academy at Pune, Administrative Staff College of India at Hyderabad
and other Institutes of repute. Industrial relations remained cordial throughout the year and the Company continued
to receive unstinted cooperation from its Officers and staff.
PARTICULARS OF EMPLOYEES
During 2012-13, your Company has not paid remuneration in excess of the limits prescribed under Section 217(2A)
of the Companies Act, 1956, read with Companies (Particulars of Employees) Rules, 1975, as amended, to any of
its employees.
WELFARE OF SC/ST and OBC
The Company ensures that the instructions with regard to the implementation of policies in respect of SC/ST
employees and Persons with Disabilities received from the Government from time to time are executed without
any lapse. The Chief Liaison Officers have been appointed separately for SC/ST and OBC employees. A SC/ST
cell has been created in the HR Department at Head Office, for redressal of the complaints if any, from SC/ST/
OBC employees. The cadre-wise rosters for recruitment are maintained and updated strictly as per the terms and
conditions prescribed in this regard. Similarly the interests of SC/ST employees in cases of promotion are protected
32

lwpuk rduhd
o"kZ 2012&13 ds nkSjku vkidh dEiuh ds vkbZ Vh izkt
s Ds V vUuiw.kZ ds lHkh 11 ,Iyhds'kul~~ ds lf; gksus dh lEHkkouk gSA dksj ,oa egRoiw.kZ
,il~&O;olk; izpkyu] vuqla kku ,oa fodkl] fokh; izcku ifr vkSj ekdsfZ Vax vkSj f'kdk;r fuokj.k ifk gSA o"kZ 2012&13 ds okf"kZd
ys[kksa dk ubZ fokh; izcUku ifr (,iQ-,e-,l-) ,Iyhds'ku ij vfUre :i fn;k x;k gSA
vxyk egRoiw.kZ pj.k gS ,Iyhds'kul~ ds chp ,dhdj.k (baVhxz's ku) djuk] tks dqN ,Iyhds'kul~ ds e; gks x;k gS vkSj vU; ds fy,
tkjh gSA
o"kZ 2012&13 ds nkSjku] vUuiw.kkZ ds <kps ds vUrxZr gh ,d egRoiw.kZ ubZ igy dh xbZ gSA bl igy ds fy, pkj ftIlk dEifu;ksa ds
lkFk lg chek xBcUku ds rgr muds ,tsl
a h usVodZ ds ek;e ls iQly chek izkIr djus ds fy, vUuiw.kkZ dh O;olk; izpkyu (ch
vks) ifr esa vfrfjDr ekWM;w y c<+k;k x;k gSA bl ekWM;wy esa vkadM+kas ds fofu;e dh izf;k vkSj rRi'pkr dkjZokbZ;ksa dk fodkl cSp
:V vkSj vkVksefs VM oSc lfoZfll :V nksuksa ds ek;e ls fd;k x;k gSA
iqjLdkj
o"kZ 2012&13 ds nkSjku vkidh dEiuh dh rduhdh leFkZrkvksa dks Hkkjrh; ,oa vUrjkZ"Vh; lwpuk izk|
S ksfxd fo'o us ljkgk gSA ,-vkbZlh- dks lwpuk lqj{kk gsrq ^^lhlks 2012** iqjLdkj vkSj fMftVy ,oa fokh; vUros'Z ku ^^gsrq LdkWp** iz'kalk izkIr gqbAZ dEiuh us vUrjkZ"Vh;
Lrj ij VsDukWykth buhf'k,fVo vkWiQ fn bz;j** dh Js.kh esa (dksykykeiqj es)a ^^,f'k;k ba';ksjUs l baMLVh vokMZ** izkIr fd;k vkidh dEiuh
dks flaxkiqj esa lhysUV ekWMy ba';ksjj iQkWj VSDukWykth ikWfylh ,MfefuLV's ku** ds :i esa ^^lhysUV ,okMZ** izkIr gqvkA
dkfeZd ,oa vkS|ksfxd lEcUk

vkidh dEiuh lhfer tu 'kfDr ls lqxfBr laxBu gSA miyCk lhfer ekuo laLkkkuksa ds lkFk c<+ jgs iksViZ Qksfy;ksa dk izca ku ges'kk ls
gh pqukSrh jgk gSA
bl pqukSrh dk lkeuk djus ds fy, dEiuh us o"kZ 2012&13 esa ekuo lUlkku (,p-vkj) dh fjiksVZ dh fliQkfj'k ds vuqlkj iz'kklfud
vfkdkjh izo's k laoxZ esa fofHkUu fo'ks"kK {ks=kksa esa 46 vfkdkfj;ksa dh HkrhZ dh gSA p;fur mEehnokjksa dks muds lEc rSukrh LFkkuksa ij dk;ZHkkj
xzg.k djus ls iwoZ vks ,l Vh lh iQjhnkckn esa nks lIrkg dk vkjfEHkd izf'k{k.k fn;k x;kA o"kZ 2012&13 ds nkSjku dEiuh dh inksUufr izf;k
esa fofHkUu laoxks ds 41 vfkdkfj;ksa dh inksUufr gqbAZ vkidh dEiuh pqukSfr;ksa dk lkeuk djus esa fo'okl j[krh gS] dkfeZdksa dh dk;Z dq'kyrk
dks fujUrj v|ru djus dh vko';drk gSA bl ms'; dh iwfrZ gsrq vkidh dEiuh us izHkkoh izf'k{k.k ;kstuk rS;kj dh gSA o"kZ 2012&13
ds nkSjku 87 vfkdkjh] [;kfr&izkIr laLFkkuksa tSls us'kuy ba';ksjUs l vdkneh] iq.ks] ,MfefuLVfs Vo LVkWiQ dkWyt
s vkWiQ bafM;k] gSnjkckn vkSj
vU; laLFkkuksa esa fofHkUu rduhdh ,oa O;olkf;d izf'k{k.k dk;Zeksa esa ukfer fd, x, gSAa
o"kZ ds nkSjku vkS|ksfxd lEcUk eS=khiw.kZ jgs vkSj dEiuh dks vius vfkdkfj;ksa vkSj LVkiQ ls fujUrj iw.kZ lg;ksx feyrk jgkA
dkfeZdksa ds fooj.k
o"kZ 2012&13 ds nkSjku vkidh dEiuh }kjk dEiuh (dkfeZdksa ds fooj.k) fu;eksa 1975 ds lkFk ifBr dEiuh vfkfu;e 1956 dh kkjk
217 (2,) ds vUrxZr fofukkZfjr lhekvksa ls vfkd ikfjJfed dk Hkqxrku ugha fd;k x;kA
vuqlwfpr tkfr@vuqlwfpr tu tkfr vkSj vU; fiNM+k oxZ dk dY;k.k

dEiuh lqfuf'pr djrh gS fd v-tk-@v-tu- dkfeZdksa vkSj fodykaxksa ls lEcfUkr ikWfyfl;ksa ds dk;kZUo;u ls lEcfUkr le;≤ ij
ljdkj ls izkIr vuqn's kksa dk ikyu fucfk :i ls gksA v-tk-@v-tu- ,oa vU; fiNM+k o"kZ ds dkfeZdksa ds fy, vyx ls eq[; lEidZ vfkdkjh
dh fu;qfDr dh xbZ gSA ekuo laLkkku foHkkx] izkku dk;kZy; esa v-tk-@v-tu-@ v-fi-o- dkfeZdksa ls izkIr f'kdk;rks]a ;fn dksbZ gS rks] ds
fuokj.k gsrq vuqlfw pr tkfr@vuqlfw pr tutkfr d{k dh LFkkiuk dh xbZ gSA HkrhZ gsrq laoxZokj jksLVj rS;kj fd;k x;k gS vkSj bl lEcUk
esa fofukkZfjr fucaku ,oa 'krks ds vuqlkj dM+kbZ ls v|ru fd;k tkrk gSA blh izdkj inksUufr ds ekeys esa Js.kh I ds v-tk-@v-tutkfr
33

by implementation of Protection Clause in case of Class I Officers and for Class III and Class IV employees by
applying rules specific to these cadres.
OFFICIAL LANGUAGE
The Companys emphasis on use of Hindi in its official working continued and effective steps have been taken on
the implementation of provisions of the Official Languages Act and Rules framed thereunder. During 2012-13, your
Company has put in efforts to comply with the targets set by Department of Official Language, Ministry of Home
Affairs, Government of India. Your Head Office of the Company submits all the mandatory reports to the Ministry
of Finance and Rajbhasha Vibhag in time. The Head Office of the Company has been enrolled under Section 10(4)
of the Official Language Act of Government of India which signifies that 80 percent of the work force of the Head
Office of the Company has working knowledge of the Official Language.
GRIEVENACE, LEGAL & RIGHT TO INFORMATION
Your Company has a comprehensive Grievance Redressal Policy, along with the provisions for appeal in place
under which grievances can either be filed on line or as well as off line. All the grievances received during 2012-13
stands redressed. Every effort is being made to redress the grievance with in the given time limits prescribed by
the Authority. The Officers are being sensitized to handle the grievances with utmost courtesy. During 2012-13,
your Company has also launched intensive drive to publicize the Grievance Redressal Policy through various
media.
During 2012-13, your Company has majority of the cases (80%) in consumer forum at District, State and National
level and about 10% were before High Court and rest were in other Courts of India. Majority of the cases are related
to claims and the remaining cases pertaining to policy matters which are being defended effectively.
Further, as per the RTI Act, 2005 your Company has appointed Central Public Information Officer, First Appellate
Authority and Transparency Officer at Head Office and Assistant Central Public Information Officers at all the
Regional Offices. The mandatory information under Sec 4(1) has been uploaded on the Companys website. There
was no adverse inference in any matter by Central Information Commission.
REPORT ON CORPORATE GOVERNANCE
The Corporate Governance framework of your Company clearly defines the role, responsibilities and accountability
within the organization with built-in checks and balances. Your Company is practicing Corporate Governance
keeping in view the general terms, governance responsibilities of the Board of the Company, under various
Regulations notified by the Authority covering different operational areas, in addition to provisions of the Companies
Act, 1956, Insurance Act, 1938 and requirement of any other laws or regulations framed thereunder.
Accordingly, report on functions and composition of the Board and its sub-Committees together with the attendance
of Directors at various meetings, along with the Directorships detail of the Board Members is placed herein below.
BOARD OF DIRECTORS
Your Company has a Board of twelve Members, where half of the Board is represented by nominee Directors from
each Promoter Company and the other half is nominated by Ministry of Finance, Government of India. The Board
Members nominated by the Government of India are categorized as Independent Directors. The Chairman-cumManaging Director (CMD) of the Company is the only Executive Director of the Company appointed by Government
of India.
th
In accordance with the Government of India order(s) vide dated 02 January, 2012 and then of 30 May, 2012,
Mr. M. A. Kharat, Director and General Manager, United India Insurance Company Limited served the Company
th
as Officiating Chairman-cum-Managing Director. Thereon, Government of India vide its letter dated 11 October,
2012 appointed Mr. P. J. Joseph, General Manager, United India Insurance Company Limited to the post of
34

ds vfkdkfj;ksa ds fy, lqj{kk [kaM ykxw djds rFkk Js.kh III/IV ds deZpkfj;ksa ds fy, fof'k"V fu;eksa dk ikyu djds muds fgrksa dh lqj{kk
dh tkrh gSA
jktHkk"kk
dEiuh dk;kZy; ds dke dkt esa jktHkk"kk fgUnh ds iz;ksx ij cy nsrh jgh gS] ,oe~ jktHkk"kk vfkfu;e ds izkokkuksa vkSj mlds vUrxZr
cuk, x, fu;eksa ds dk;kZUo;u ds fy, izHkko'kkyh mik, fd, x, gSAa fokh; o"kZ 2012&13 ds nkSjku dEiuh us Hkkjr ljdkj ds x`g ea=kky;]
jktHkk"kk foHkkx }kjk fukkZfjr y{;ksa dks izkIr djus ds iz;kl fd, gSAa dEiuh fok ea=kky; rFkk jktHkk"kk foHkkx dks lHkh vfuok;Z fjiksVZ
le; ij izLrqr djrh gSA dEiuh dk izkku dk;kZy; Hkkjr ljdkj ds jktHkk"kk vfkfu;e dh kkjk 10(4) esa vfklwfpr gS tks bl ckr
dk |ksrd gS fd izkku dk;kZy; ds 80 izfr'kr deZpkfj;ksa dks jktHkk"kk fgUnh esa dk;Zlkkd Kku izkIr gSA
f'kdk;r] fofk rFkk lwpuk dk vfkdkj

dEiuh dh foLr`r ^^f'kdk;r fuokj.k uhfr** gS ftlesa vihy ds fy, izkokku gaS ftlds vUrxZr f'kdk;rsa vkWu ykbu ,oa vkWiQ ykbu nksuksa
izdkj ls nk;j dh tk ldrh gaAS fokh; o"kZ ds nkSjku izkIr lHkh f'kdk;rksa dk fuokj.k fd;k tk pqdk gSA vkbZ vkj Mh , }kjk fofukkZfjr
le; lhek ds Hkhrj f'kdk;rksa dk fuokj.k djus ds lHkh iz;kl fd, tk jgs gSAa vfkdkfj;ksa dks lHkh f'kdk;rksa dks iw.kZ fouezrk ds lkFk
fuiVkus ds fy, laons u'khy cuk;k tk jgk gSA 2012&13 ds nkSjku] vkidh dEiuh us fofHkuu ehfM;k ek;eksa }kjk Hkh f'kdk;r fuokj.k
uhfr dk izpkj djus dk xgu vfHk;ku pyk;k gSA
o"kZ 2012&13 ds vkidh dEiuh ds T;knkrj ekeys (80%) ftyk] jkT; vkSj jk"Vh; Lrj ij miHkksDrk iQksje esa vkSj yxHkx 10% mPp
U;k;ky; esa vkSj ckfd Hkkjr ds vU; vnkyrksa esa gSAa T;knkrj ekeys nkoksa ls lEcfUkr vkSj 'ks"k uhfr lEcUkh ekeyksa ls tqMs gq, gSa ftudh
izHkkoh <ax ls iSjoh dh tk jgh gSA
vkxs] lwpuk dk vfkdkj vfkfu;e 2005 ds vuqlkj vkidh daiuh ds izkku dk;kZy; esa dsUnzh; tu lwpuk vfkdkjh] izFke vihy
izkfkdkjh vkSj ikjfn'kZrk vfkdkjh vkSj lHkh {ks=kh; dk;kZy;ksa esa lgk;d dsUnzh; tu&lwpuk vfkdkjh fu;qDr gSA daiuh dh oSclkbV ij
kkjk 4(1) ds vUrxZr vfuok;Z tkudkjh miyCk gSA dsUnzh; lwpuk vk;ksx ls fdlh Hkh ekeys esa lwpuk dksbZ Hkh izfrdwy ifj.kke izkIr
ugha gq, gaSA
fuxeh; 'kklu iz.kkyh ij fjiksVZ

vkidh dEiuh dh fuxfe; 'kklu iz.kkyh lajpuk Li"V :i ls laxBu esa Hkwfedk mkjnkf;Roksa vkSj tokcnsgh ds lkFk lfUufgr fu;a=k.k vkSj
lary
q u dks ifjHkkf"kr djrh gSA vkidh dEiuh 'kklu iz.kkyh dk iz;ksx dEiuh vfkfu;e 1956 chek vfkfu;e 1938 ds izkokkuksa vkSj
muds vUrxZr lajfpr fdlh vU; dkuwu vkSj fofu;eksa ds vfrfjDr fofHkUu lapkyu {ks=kksa dks doj djrs gq, izkfkdkjh }kjk vfklwfpr
fofHkUu fu;eksa ds vUrxZr lkekU; 'krks]aZ dEiuh ds cksMZ ds 'kklu iz.kkyh ls lEcfUkr mkjnkfR;oksa dks ;ku esa j[krs gq, dj jgh gSA
rnuqlkj eaMy ,oa bldh mi lfefr;ksa ds dk;ks ,oa xBu dh fjiksV]Z fofHkUu cSBdksa esa funs'kdksa dh mifLFkfr vkSj eaMy lnL;ksa dh funs'kdh;
fooj.k lfgr uhps nh tk jgh gSA
funs'kd eaMy
vkidh dEiuh ds eaMy esa ckjg lnL; gSAa ftlesa ls vkks ukfer funs'kd izR;sd izorZd dEiuh dk izfrfufkRo djrs gSa vkSj ckdh
vkks fok ea=kky;] Hkkjr ljdkj }kjk ukfer fd, x, gSAa Hkkjr ljdkj }kjk ukfer eaMy ds lnL;ksa dks Lora=k funs'kdksa ds :i esa Js.khxr
fd;k x;k gSA Hkkjr ljdkj }kjk fu;qDr fd, x, dEiuh ds v;{k lg&izcUk funs'kd dsoy dk;Zdkjh funs'kd gSAa
Hkkjr ljdkj ds vkns'kksa fnukad 2 tuojh 2012 vkSj rRi'pkr 30 ebZ] 2012 ds vuqlkj Jh ,e- ,- [kjkr egk izcUkd ,oa funs'kd] ;qukbVsM
bafM;k ba';ksjUs l dEiuh us dEiuh esa dk;Zokgd v;{k&lg&izcUk funs'kd ds :i esa dk;Z fd;kA mlds i'pkr Hkkjr ljdkj ds fnukad
35

Chairman-cum-Managing Director (CMD) of the Company, who took charge of the office with effect from 18
October, 2012.
th
Your Company complies with the applicable provisions of the Companies Act, 1956; Insurance Act, 1938 and IRDA
Regulations along with other statutory requirements. The Board of Directors appointed in terms with the Articles of
Association of the Company reviews from time to time different annual and other policies/programmes of the
Company related with various issues of the Company including changed economic, legal and other related issues.
Your Company is paying sitting fee to its Non-Executive Directors viz., Mr. K. N. Bhandari and Prof. Gopal Naik,
IIM-B and no other pecuniary relationship or transaction exists between them and the Company. The CMD is paid
a salary as fixed by the Government of India, in addition to the Performance Linked Incentive (PLI) upon achievement
of broad quantitative and qualitative performance parameters based on the Statement of Intent of Annual Goals
fixed by the Ministry of Finance, Government of India, with due approval of the Board Remuneration Committee
and the Board.
Mr. Arvind Kumar, Joint Secretary was nominated by Department of Financial Services, Government of India,
Ministry of Finance in place of Mr. Shashank Saksena, Director (BO II & PR). Subsequently Mr. Aup Wadhawan,
Joint Secretary, DFS, GoI, MoF was substituted in place of Mr. Arvind Kumar, as Additional Director of the Company.
Mr. R. K. Tiwari, Joint Secretary, Credit and Cooperation, Ministry of Agriculture, Government of India has been
substituted by Dr. Ashish Kumar Bhutani, Joint Secretary, C&C, MoA, GoI.
Mr. Gopal Naik rotational Director, who has held office for the longest period, will retire by rotation at the ensuing
AGM and is eligible to offer himself for re-appointment.
Mr. P. Venkataramiah, General Manager and Financial Advisor, General Insurance Corporation of India (GIC),
Mumbai was appointed as Additional Director on the Board in place of Mr. P. K. Bhagat, ex-General Manager, GIC
and who has relinquished the office of Director on change of nomination.
Dr. R. N. Kulkarni, Chief General Manager, NABARD, Mumbai was appointed as Additional Director on the Board
in place of Mr. S. K. Mitra, ex-Executive Director, NABARD and who has relinquished the office of Director on his
superannuation from NABARD.
Also, consequent upon appointment of Mr. P. J. Joseph, General Manager, United India Insurance Company
Limited (UIIC), Chennai as the CMD of AIC who has been earlier representing on the Board of the Company has
been substituted with Mr. S. Surenther, General Manager and Financial Advisor, UIIC as Additional Director in his
place.
Similarly, upon change in the nomination from The New India Assurance Company Limited, Mr. R. K. Deka, exGeneral Manager has been substituted by Mr. S. Ramabhadran, General Manager.
The above named Additional Director(s) will relinquish their office on the date of AGM under the provisions of
Section 253 of the Companies Act, 1956 and being willing and eligible, offer themselves for appointment as
Rotational Directors of the Company.
During 2012-13, there were no conflicts of interest between shareholders, policyholders and management. No one
is holding two positions in the Company, may it be Auditors, Appointed Actuary and Directors and that no family
member or a close relative (of any Director) as defined in the Companies Act or their associate (Partner, Director
etc.) is on the Board of the Company.
The Board of Directors wishes to place on record its appreciation for the valuable contribution made by the exOfficiating CMD and the other retired / outgoing Directors.
36

11 vDVwcj] 2012 ds i=k }kjk Jh ih ts tksliQ] egk izcUkd] ;qukbZVM

s bafM;k ba';ksjUs l dEiuh] dks dEiuh ds v;{k&lg&izcUk funs'kd
ds in ij fu;qDr fd;k x;k ftUgksua s fnukad 18 vDVwcj 2012 dks inHkkj xzg.k fd;kA
vkidh dEiuh vU; lkafofkd vis{kkvksa ds lkFk vkbZ-vkj-Mh- fofu;eksa vkSj chek vfkfu;e 1938 chek vfkfu;e 1956 ds ykxw
izkokkuksa dk vuqikyu djrh gSA cksMZ ds funs'kdksa dh fu;qfDr dEiuh ds varfuZ;eksa ds vuqlkj gqbZ gS tks le;≤ ij dEiuh ds fofHkUu
okf"kZd ,oa vU; uhfr;ks@a dk;Zeksa dh laoh{kk djrs gSa ftlesa dEiuh ds fofHkUu eq]s cnyrs vkfFkZd] fofk ,oa vU; lEcfUkr eqs 'kkfey
gSaA
vkidh dEiuh xSj dk;Zdkjh funs'kdksa tSls Jh ds-,u- HkaMkjh ,oa izkis Qslj xksiky uk;d] vkbZ-vkbZ- ,e&ch dh cSBd 'kqYd dk Hkqxrku dj
jgh gSA ,oa dEiuh vkSj muds chp vU; fdlh Hkh izdkj dk ku lEcUkh ysunsu ;k O;ogkj ugha gSA Hkkjr ljdkj }kjk fukkZfjr osru ds
vfrfjDr v;{k&lg&izcUk funs'kd dks fok ea=kky;] Hkkjr ljdkj }kjk fukkZfjr okf"kZd y{;ksa ds iz;kstu ds fooj.k ij vkkkfjr foLr`r
ek=kkRed vkSj xq.kkRed dk;Z fu"iknu ekin.Mksa dh izkfIr gksus ij dk;Z fu"iknu izkRs lkgu ftls eaMy vkSj eaMy ifjJfed lfefr dk
vuqeksnu izkIr gks] ns; gksxkA
Hkkjr ljdkj }kjk ukekaduksa esa ifjorZu djus ds iQyLo:i Jh 'ka'kkd lDlsuk] funs'kd (ch- vks 11 ,oa ih vkj) fokh; lsok,a foHkkx]
Hkkjr ljdkj] fok ea=kky; }kjk rRdkyhu l;qDr lfpo] Mh ,iQ ,l] Hkkjr ljdkj] fok ea=kk- Jh vjfoUn dqekj dks dEiuh ds vfrfjDr
funs'kd ds :i esa fu;qDr fd;k x;kA rRi'pkr fiQj dEiuh ds vfrfjDr funs'kd ds :i esa Jh vjfoUn dqekj la;Dq r lfpo] Mh- ,iQ,l- Hkkjr ljdkj fok ea=kk- dk LFkkukiUu Jh vuwi okkou] la;Dq r lfpo Mh- ,iQ- ,iQ-] Hkkjr ljdkj fok ea=kk- us fd;kA
Jh vkj- ds- frokjh] la;Dq r lfpo] sfMV ,oa lgdkfjrk foHkkx] d`f"k ea=kky;] Hkkjr ljdkj dk LFkkukiUu Jh vkf'k"k dqekj HkwVkuh] la;Dq r
lfpo] lh ,.M lh] d`- e- ek- l- }kjk fd;k x;kA
Jh xksiky uk;d ifjorZuh; funs'kd] ftUgksua s lokZfkd vofk gsrq inkkfjr fd;k gS] vkxkeh okf"kZd vke cSBd esa ifjorZu ds vkkkj ij
in eqDr gksxa s vkSj ik=k gksus ds ifj.kkeLo:i mUgksua s iqufZ u;qfDr ds fy, izLrko fn;k gSA
eaMy esa Jh ih- ds Hkxr] insu egk izca kd] Hkk- l- ch- fu- ftUgksua s ukekadu esa ifjorZu gksus ij funs'kd in NksM+ fn;k gS] ds LFkku ij
Jh ih- oSd
a VjeS;k] egk izcUkd ,oa fokh; lykgdkj lkkkj.k chek fuxe (th vkbZ lh) eqEcbZ dh vfrfjDr funs'kd ds :i esa fu;qfDr
dh xbZ gSA
eaMy esa Jh ,l- ds- fe=kk] insu dk;Zdkjh funs'kd ukckMZ ftUgksua s ukckMZ ls lsokfuo`r gksus ij funs'kd in NksM+ fn;k gS ds LFkku ij Mkvkj- ,u- dqyd.khZ] eq[; egk izca kd] ukckMZ] eqEcbZ dh vfrfjDr funs'kd ds :i esa fu;qDr dh xbZa gSAa
Jh ih-ts- tksliQ] egk izcUkd ;wukbVsM bafM;k ba';ksjUs l dEiuh fyfeMsV] pSUubZ] tks fd igys dEiuh ds eaMy esa izfrfufkRo dj jgs
Fks] dh dEiuh ds v;{k lg izca k funs'kd ds :i esa fu;qfDr ds ifj.kkeLo:i] dk LFkkukiUu Jh ,l- lqjUs Fkj egk izcUkd ,oa fokh;
lykgdkj ;q- ba- dEiuh us vfrfjDr funs'kd ds :i esa fd;k gSA
blh izdkj fn U;w bafM;k ba';ksjUs l dEiuh fy- ls ukekadu esa ifjorZu ds ifj.kkeLo:i Jh vkj- ds- Msdk insu egk izcUkd dk LFkkukiUu
Jh ,l jkekHknzu] egk izcUkd }kjk fd;k x;kA
ij mfYyf[kr vfrfjDr funs'kd dEiuh vfkfu;e 1956 dh kkjk 253 ds izkokkuksa ds vUrxZr okf"kZd vke cSBd dh frfFk dks vius
in Hkkj dk R;kx dj nsxa s vkSj ik=k gksus rFkk bPNqd gksus ds ifj.kkeLo:i mUgksua s dEiuh ds ifjorZuh; funs'kdksa ds :i esa fu;qfDr ds
fy, izLrko fn;k gSA
o"kZ 2012&13 ds nkSjku 'ks;jkkjdks]a ikWfylhkkjdksa vkSj izcUkdksa ds chp esa fgrksa dk fookn ugha jgk gSA dEiuh esa dksbZ Hkh pkgs og
ys[kk ijh{kd] fu;qDr chekdad vkSj funs'kd dksbZ Hkh nks in kkfjr ugha gSa vkSj dEiuh vfkfu;e esa ifjHkkf"kr vuqlkj muds ifjokj
ds lnL; ;k fudV fj'rsnkj (fdlh Hkh funs'kd ds) ;k muds lg;ksxh (ikVZuj] funs'kd vkfn) dEiuh ds eaMy esa ugha gSA
dEiuh dk funs'kd eaMy insu v;{k&o&izcUk funs'kd vkSj vU; lsokfuo`r@fuxkZeh funs'kdksa }kjk fn, x, vewY; ;ksxnku dh ljkguk
djrk gSA
37

COMPOSITION OF BOARD
During 2012-13, the composition of the Board of Directors and the number of other Directorships and Committee
positions held by the Directors are:
Name (Mr.)
Executive / Non-executive /
Independent
Other Directorships held
Milind A. Kharat Executive/ Independent

(till 17th Oct.12)
P. J. Joseph
Executive/ Independent
(from 18th Oct.12)
R. K. Tiwari
Non-executive/ Independent
Agriculture Finance Corporation Ltd.
Mukesh Khullar
Food Corporation of India
Shashank
Saksena
Allahabad Bank, Deposit Insurance Credit Guarantee

Corporation, Industrial Investment Bank of India Limited
K. N. Bhandari
Andhra Cements Ltd.; Hindalco Industries Ltd.; Mehta

Equities Ltd.; Saurashtra Cement Ltd.; Shristi Infrastucture
Development Corp. Ltd.; Wellworth Finvest (India) (P) Ltd.;
Magma Fincorp Ltd.; Magma HDI General Insurance Co.
Ltd.; NRC Ltd., KSL Industries Ltd.; Jay Bharat Textiles &
Real Estate Ltd. and Ken bee Consultants Ltd.
Gopal Naik
Foretell Business Solutions (P) Limited; Edubridge Learning

(P) Limited
P. K. Bhagat
Non-executive
S. K. Mitra
(Till Nov. 2012)
Non-executive
R. N. Kulkarni
(from Feb. 2013)
Non-executive
Kuldip Singh
Non-executive
R. K. Deka
(From April 2012
to Nov. 2012)
Non-executive
S. Ramabhadran
(from Nov. 2012)
Non-executive
P. J. Joseph
(Till Oct. 2012)
Non-executive
S. Surenther
(from Nov. 2012)
Non-executive
United India Insurance Company Limited
S. K. Chanana
Non-executive
The Oriental Insurance Co. Ltd., The Industrial Credit Co.

Ltd., Punjab Tractors Ltd., IIFCL Asset Management
Company Ltd.
Nil
Agri Business Finance (AP) Ltd.; NABCONS
Nil
National Insurance Company Limited
Nil
Wafa Insurance (A Saudi India Company for Co-operative

Insurance)
Nil
38

eaMy dk xBu
2012&13 ds nkSjku] funs'kd eaMy ds xBu vkSj vU; funs'kdh; la[;k ,oa funs'kdksa }kjk desVh esa funs'kdksa }kjk kkfjr in fuEu izdkj
gSa %&
uke (Jh)
vfk'kklh@xSj&vfk'kklh@Lora=k
fefyan ,- [kjkr
(17 vDrwcj
2012 rd)
vfk'kklh@Lora=k
vU; kkfjr funs'kd
ih- ts- tksliQ

vfk'kklh@Lora=k
(18 vDrwcj 2012 ls)
vkj- ds frokjh
xSj&vfk'kklh@Lora=k
,xzhdYpj iQkbusl
a dkWjiksj's ku fy-
eqd's k [kqYyj
xSj&vfk'kklh@Lora=k
iQwM dkjiksj's ku vkWiQ bafM;k
'k'kkad lDlsuk
xSj&vfk'kklh@Lora=k
bykgkckn cSd
a ] fMiskftV ba';ksjl
as sfMV xkjUVh dkjiksj's ku] baMfLV;y
bUosLVesVa cSd
a vkWiQ bafM;k fy-
ds- ,u- HkaMkjh
xSj&vfk'kklh@Lora=k
vkakzk lhesVa l
~ fy-] fgUMsYdks baMLVht fy-] esgrk bfDoVht fy-] lkSjk"V
lhesVa fy-] l`f"V baiQz kLVDpj MsoyiesVa dkjiksj's ku fy-] osyoFkZ fiQuosLV
(bafM;k) (izk-) fy- eSxek fiQudksiZ fy- eSxek ,p Mh vkbZ tujy
ba';ksjl
as da- fy-] ,u vkj lh fy-] ds ,l ,y baLVht fy] t; Hkkjr
VSDlVkbYl ,aM jh;y ,LVsV fy- vkSj dSu ch dalYVsVa l
~ fy-
xksiky uk;d
xSj&vfk'kklh@Lora=k
iQksjVsy fctusl lkWY;w'kal (izk-) fyfeVsM ,tqfczt yfux (izk-) fyfeVsM
ih- ds- Hkxr
xSj&vfk'kklh
,l- ds- fe=kk
xSj&vfk'kklh
vkj- ,u dqyd.khZ
xSj&vfk'kklh
dqynhi flag
xSj&vfk'kklh
vkj- ds- Msdk

(vizy
S 12 ls
uoEcj 12 rd)
xSj&vfk'kklh
'kwU;
,l- jkekHknzu
(uoEcj 2012 ls)
xSj&vfk'kklh
okiQk ba';ksjl
as (lgdkjh ba';ksjl
as ds fy, ,d lkmnh&bafM;k daiuh)
'kwU;
,xzh fctusl iQk;usl
a (,ih) fy- uscdksl
a eqEcbZ
'kwU;
us'kuy ba';ksjl
as da- fy-
ih- ts- tksliQ

xSj&vfk'kklh
(vDrwcj 2012 rd)
'kwU;
,l- lqjUs Fkj

(uoEcj 2012 ls)
xSj&vfk'kklh
;qukbVsM bafM;k ba';ksjl

as daiuh fyfeVsM
,l- ds- pkuuk
xSj&vfk'kklh
fn vksfj,.Vy ba';ksjl
as da fy-] fn baMfLV;y sfMV da- fy-] iatkc VDs VlZ
fy-] vkbZ vkbZ ,iQ lh ,y ,lsV eSut
s esVa daiuh fy-
39

The details of the attendance of the Board Members in the Board Meetings held during 2012-13 is given here in
below:Name of Directors
(Mr.)
Milind A. Kharat (Till to 17 Oct. 2012)
P. J. Joseph (from 18 Oct. 2012)
14.05.2012
Yes
Date of Meetings
13.08.2012
27.11.2012
Yes
-
13.02.2013
-
Yes
Yes
R. K. Tiwari
LOA
Yes
LOA
LOA
Mukesh Khullar
LOA
LOA
LOA
LOA
Shashank Saksena
Yes
LOA
Yes
Yes
K. N. Bhandari
Yes
Yes
Yes
Yes
Gopal Naik
LOA
Yes
Yes
Yes
P. K. Bhagat
Yes
Yes
Yes
Yes
S. K. Mitra (Till Nov. 2012)
Yes
Yes
Yes
Kuldip Singh
Yes
LOA
Yes
Yes
R. K. Deka (Till Nov. 2012)
Yes
LOA
S. K. Chanana
LOA
LOA
LOA
Yes
P. J. Joseph (Till Oct. 2012)
LOA
Yes
R. N. Kulkarni (From Feb. 2013)
Yes
S. Ramabhadran (From Nov. 2012)
LOA
LOA
S. Surenther (From Nov. 2012)
LOA
Yes
INFORMATION PLACED BEFORE THE BOARD OF DIRECTORS

In accordance with the Corporate Governance Guidelines of IRDA, all the relevant and necessary information is
presented before the Board of the Company at its Meetings, as stipulated under the Companies Act, 1956 and
other enactments as applicable. During 2012-13, no penalty was imposed on the Company by any Statutory
Authority. Your Company has complied with all the requirements of Regulatory Authority.
As per the IRDA (Preparations of Financial Statements) Regulations, 2002, the Company had disclosed in its
financial Statements the information on the following, including the basis, methods and assumptions on which the
information is prepared and the impact of any changes therein are also disclosed in the Annual Accounts:
Quantitative and qualitative information on the Companys financial and operating ratios, namely, incurred
claim, commission and expenses ratios;
Actual solvency margin details vis--vis the required margin;
Financial performance including growth rate and current financial position of the Company;
Any other matter, which has material impact on the insurers financial position.
40

fokh; o"kZ 2012&13 ds nkSjku vk;ksftr gqbZ eaMy dh cSBdksa eas eaMy&lnL;ksa dh mifLFkfr ds fooj.k uhps fn, tk jgs gS%a &
funs'kdksa ds uke
(Jh)
cSBdksa dh frfFk;k
14-05-2012
13-08-2012
27-11-2012
13-02-2013
fefyan ,- [kjkr (17 vDrwcj 2012 rd)
gk
gk
&
&
ih- ts- tksliQ (18 vDrwcj 2012 ls)
&
&
gk
gk
vkj- ds- frokjh
vuq- dh vuqefr
gk
vuq- dh vuqefr
vuq- dh vuqefr
eqd's k [kqYyj
vuq- dh vuqefr
vuq- dh vuqefr
vuq- dh vuqefr
vuq- dh vuqefr
'k'kkad lDlsuk
gk
vuq- dh vuqefr
gk
gk
ds- ,u- HkaMkjh
gk
gk
gk
gk
xksiky uk;d
vuq- dh vuqefr
gk
gk
gk
ih- ds- Hkxr
gk
gk
gk
gk
,l- ds- fe=kk (uoEcj 2012 rd)
gk
gk
gk
&
dqynhi flag
gk
vuq- dh vuqefr
gk
gk
vkj--ds- Msdk (uoEcj 2012 rd)
gk
vuq- dh vuqefr
&
&
,l- ds pkuuk
vuq- dh vuqefr
vuq- dh vuqefr
vuq- dh vuqefr
gk
ih- ts- tksliQ (vDrwcj 2012 rd)
vuq- dh vuqefr
gk
&
&
vkj- ,u- dqyd.khZ (iQjojh 2013 ls)
&
&
&
gk
,l- jkekHknzu (uoEcj 2012 ls)
&
&
vuq- dh vuqefr
vuq- dh vuqefr
,l- lqjUs Fkj (uoEcj 2012 ls)
&
&
vuq- dh vuqefr
gk
eaMy ds funs'kdksa ds le{k izLrqr lwpuk

vkbZ-vkj-Mh-, ds fuxeh; 'kklu iz.kkyh ekxZfuns'Z kksa ds vuqlkj] dEiuh vfkfu;e 1956 ds vUrxZr fofukkZfjr rFkk vU; ykxw vfkfu;eksa
esa fofukkZfjr vuqlkj lHkh laxr ,oa vko';d lwpuk dEiuh dks vius eaMy ds le{k eaMy dh cSBdksa esa j[kuh gksrh gSA 2012&13 ds
nkSjku fdlh Hkh laoS kkfud izkfkdj.k }kjk dEiuh ij dksbZ naM ugha yxk;k x;k gSA vkidh dEiuh us fofu;ked izkfkdj.k dh lHkh
vfuok;Zrk, iwjh dh gSAa
vkbZ vkj Mh , (fokh; fooj.kksa dh rS;kjh) fofu;e] 2002 ds vuqlkj dEiuh us vius fokh; fooj.kksa esa fuEufyf[kr lwpuk] blds vkkkj]
iz.kkyh vkSj kkj.kkvksa lfgr ftu ij ;g lwpuk rS;kj dh xbZ gS rFkk ;fn dksbZ ifjorZu gS rks mlds izHkko Hkh okf"kZd ys[kksa esa izdV fd;k
x;k gSA
dEiuh dh fokh; rFkk ifjpkyu vuqikr tSls fd mixr nkos] deh'ku rFkk [kpZ&vuqikr ds lEcUk esa ek=kkRed ,oa xq.kkRed
lwpuk
vko';d .k 'kksku {kerk dh rqyuk esa okLrfod .k'kksku {kerk
dEiuh dh o`f nj rFkk orZeku fokh; fLFkfr lfgr fokh; fu"iknu
dksbZ vU; ekeyk ftldk chekdkkZvksa dh fokh; fLFkfr ij egRoiw.kZ izHkko gksA
41

The main pillar of the corporate governance system in the Company is the Board and its sub-Committee(s) who
considers the prevailing business environment and the Companys relative position vis--vis competition and suggest
overall financial and business risk management to be adopted by the organization.
AUDIT COMMITTEE
The function of the Audit Committee is to oversee the financial reporting and disclosure process, monitoring choice
of accounting policies and principles, overseeing hiring, performance and independence of the external and internal
auditors, oversight of regulatory compliance, monitoring the internal control process, overseeing the performance
of the internal audit function.
During 2012-13, the composition and attendance of Member(s) of the Audit Committee in the Meetings are given
here in below:Name of Members
(Mr.)
14.05.2012
Date of Committee Meetings

13.08.2012
27.11.2012
13.02.2013
K. N. Bhandari, Chairman
Yes
Yes
Yes
Yes
S. K. Mitra
Yes
Yes
Yes
S. K. Chanana
LOA
LOA
LOA
Yes
Kuldip Singh
Yes
LOA
Yes
Yes
P. J. Joseph
LOA
Yes
R. K. Deka
Yes
LOA
S. Surenther
Yes
S. Ramabhadran
LOA
The Chief Executive Officer of the Company i.e. CMD, General Manager, along with Deputy General Manager
(Finance) are the regular attendees from the management and the other invitees are the Appointed Actuary,
Internal and Statutory Auditors. The Company Secretary acts as the Secretary to the Committee. The Statutory
Auditors have access to the Board of Directors through the Audit Committee of the Board.
INVESTMENT COMMITTEE
The function of the Investment Committee of the Board is to review on an ongoing basis the appropriateness of the
Annual Investment Policy and Investment Portfolio in the light of economic and business conditions affecting the
Company and make recommendations for Board approval as may be appropriate. It also reviews the governance
process and policies in place on an annual basis and provides appropriate assurance to the Board.
During 2012-13, the composition and attendance of Member(s) of the Investment Committee in the Meetings are
given here in below:Name of Members
(Mr.)

14.05.2012
13.08.2012
26.11.2012
13.02.2013
Yes
Yes
Yes
Yes
Yes
LOA
Yes
Yes
Yes
Yes
Yes
S. K. Mitra
Yes
Yes
Yes
S. K. Chanana
LOA
LOA
Yes
LOA
Milind A. Kharat, Chairman

P. J. Joseph, Chairman
Shashank Saksena
P. K. Bhagat
42

dEiuh dh fuxeh; 'kklu iz.kkyh esa bldk eq[; LrEHk bldk eaMy ,oa mldh mi lfefr (;k) gSa tks izpfyr O;kolkf;d ifjos'k rFkk
mlds lkis{k dEiuh dh fLFkfr ,oa mldh rqyuk esa izfr}af}rk ij fopkj djds laxBu }kjk viuk, tkus okys lEiw.kZ fokh; ,oa O;kolk;
tksf[ke izcUku mik; lq>krs gSAa
ys[kk ijh{kk lfefr

ys[kk&ijh{kk lfefr dk dk;Z fokh; izfrosnu rFkk izdVhdj.k izf;k] ys[kk uhfr;k rFkk flkarksa ds pquko] fons'kh etnwjh] ck ,oa vkarfjd
ys[kk ifj{kdksa ds dk;Z fu"iknu ,oa fu"i{krk ij fuxjkuh j[kuk] fofu;ked vuqikyuksa dk fufj{k.k] vkarfjd ys[kk ijh{kk dk;Z ds fu"iknu
dh fuxjkuh djuk gSA
2012&13 ds nkSjku ys[kk ijh{kk lfefr dk xBu rFkk bl dh cSBdksa esa lnL; (;ks)a dh mifLFkfr fuEu izdkj gSA
lnL;ksa dk uke
(Jh)
14-05-2012
lfefr cSBd dh frfFk

13-08-2012
27-11-2012
13-02-2013
ds- ,u- HkaMkjh v;{k
gk
gk
gk
gk
,l- ds- fe=kk
gk
gk
gk
&
,l- ds- pkuuk
vuq- dh vuqefr
vuq- dh vuqefr
vuq- dh vuqefr
gk
dqynhi flag
gk
vuq- dh vuqefr
gk
gk
ih- ts- tksliQ
vuq- dh vuqefr
gk
&
&
vkj- ds- Msdk
gk
vuq- dh vuqefr
&
&
,l- lqjUs Fkj
&
&
&
gk
,l- jkekHknzu
&
&
&
vuq- dh vuqefr
dEiuh ds ize[q k dk;Zdkjh vfkdkjh vFkkZr~ v;{k o izcUk funs'kd] egk izcUkd mi egk izca kd (fok) ds lkFk izcUku dh vksj ls
fu;fer mifLFkfr jgus okys vfkdkjh gSa rFkk vU; vkefU=krksa esa fu;qDr ,D;qvjh] vkarfjd ,oa laoS kkfud ys[kk&ijh{kd gSAa dEiuh lfpo]
lfefr dh lfpo ds :i esa dk;Z djrh gSAa eaMy dh ys[kk&ijh{kk lfefr ds ek;e ls laoS kkfud ys[kk ijh{kdksa dh eaMy ds funs'kdksa
rd igqp gSA
fuos'k lfefr
eaMy dh fuos'k lfefr dk dk;Z deiuh ij izHkko Mkyus okyh vkfFkZd ,oa O;olkf;d fLFkfr;sa ds izdk'k esa okf"kZd fuos'k uhfr ,oa fuos'k
iksViZ Qksfy;ks ds pys vk jgs vkkkj ,oa vkSfpR; dh laoh{kk djuk gS rFkk tks Hkh mfpr gks mlds fy, eaMy dks vuq'kalk iznku djuk gSA
;g okZeku 'kklu&iz.kkyh izf;k ,oa uhfr;ksa dh Hkh laoh{kk okf"kZd vkkkj ij djrh gS rFkk eaMy dks mi;qDr vk'oklu iznku djrh gSA
2012&13 ds nkSjku fuos'k lfefr dk xBu rFkk cSBdksa esa lnL;ksa dh mifLFkfr fuEu izdkj jghA
lnL;ksa dk uke
(Jh@lqJh)
fefyUn ,- [kjkr] v;{k
ih- ts- tksliQ] v;{k
'k'kkad lDlsuk
ih- ds- Hkxr
,l- ds- fe=kk
,l- ds- pkuuk
14-05-2012
gk
&
gk
&
gk
vuq- dh vuqefr
43
lfefr cSBd dh frfFk

13-08-2012
26-11-2012
gk
&
&
gk
vuq- dh vuqefr
gk
gk
gk
gk
gk
vuq- dh vuqefr
gk
13-02-2013
&
gk
gk
gk
&
vuq- dh vuqefr

The Board Investment Committee will further have Chief Investment Officers (CIO), Chief Finance officer (CFO), as
its Members in accordance with IRDA Regulations.
RISK MANAGEMENT COMMITTEE
The function of the Risk Management Committee of the Board is to review the processes and procedures for
ensuring that all material business risks are properly identified and that appropriate systems of monitoring and
control are in place. It reviews risk management and relevant regulatory information and reports and makes
recommendations to the Board for changes in policies and procedures as and when appropriate.
During 2012-13, the composition and attendance of Member(s) of the Risk Management Committee in the Meetings
are given here in below:Name of Members
(Mr.)

14.05.2012
13.08.2012
26.11.2012
24.01.2013
Yes
Yes
P. J. Joseph
Yes
Yes
R. K. Tiwari
LOA
Yes
LOA
LOA
Yes
Yes
Yes
Yes
Gopal Naik
LOA
Yes
Yes
LOA
P. K. Bhagat
LOA
Yes
Yes
Yes
R. K. Deka
Yes
LOA
Yes
Milind A. Kharat
S. Ramabhadran
The Risk Management Committee lays down the Companys Risk Management Strategy and conventionally this
function is under the overall guidance and supervision of the Chief Risk Officer (CRO) with defined role, who is also
the convener of the Risk Management Committee.
POLICYHOLDERS PROTECTION COMMITTEE
The function of the Policyholders Protection Committee of the Board is to discuss the ways and means to develop
and establish sound business relationships between the Company and its Policyholders. It ensures a forum to
provide information to other stakeholders and interested parties in the process of development of policyholders
protection and interact with Governmental Institutions, Grievance Redressal Authorities, Insurance Industry and
other Stakeholders in the development of Policyholders Protection.
During 2012-13, the composition and attendance of Member(s) of the Policyholders Protection Committee at its
Meetings are given here in below :
Name of Members
(Mr.)
Milind A. Kharat
P. J. Joseph
Mukesh Khullar

14.05.2012
13.08.2012
26.11.2012
24.01.2013
Yes
Yes
Yes
Yes
LOA
LOA
Yes
LOA
44

vkbZ- vkj- Mh- ,- fofu;eksa ds vuqikyu esa eaMy fuos'k lfefr esa vkxs vkSj eq[; fuos'k vfkdkjh (lh vkbZ vks)] eq[; fok vfkdkjh
(lh ,iQ vks) vius lnL; ds :i esa ysus gksxa As
tksf[ke izcaku lfefr

eaMy dh tksf[ke izcUku lfefr dk dk;Z izf;kvksa vkSj iz.kkfy;ksa dh laoh{kk djuk rkfd ;g lqfuf'pr fd;k tk lds fd lHkh egRoiw.kZ
O;olk; tksf[ke mi;qDr izdkj ls fukkZfjr gSa vkSj fuxjkuh ,oa fu;a=k.k dh ,d mi;qDr iz.kkyh gSA ;g tksf[ke izcUku rFkk laxr fofu;ked
lwpuk ,oa izfrosnuksa dh laoh{kk djrh gS vkSj eaMy dks uhfr;ksa ,oa izf;kvksa esa tc vkSj tSls mi;qDr gks ifjorZu djus dh vuq'ka[kk djrh
gSA
2012&13 ds nkSjku tksf[ke izcUku lfefr dk xBu ,oa bldh cSBdksa esa lnL;ksa dh mifLFkfr fuEu izdkj jgh%&
lnL;ksa dk uke
(Jh)
lfe
fr cSBdksa dh frfFk
lfefr
14-05-2012
13-08-2012
26-11-2012
24-01-2013
gk
gk
&
&
&
&
gk
gk
vkj- ds- frokjh
vuq- dh vuqefr
gk
vuq- dh vuqefr
vuq- dh vuqefr
ds- ,u- Hk.Mkjh
gk
gk
gk
gk
xks;y uk;d
vuq- dh vuqefr
gk
gk
vuq- dh vuqefr
ih- ds- Hkxr
vuq dh vuqefr
gk
gk
gk
vkj- ds- Msdk
gk
vuq- dh vuqefr
&
&
,l- jkekHknzu
&
&
&
gk
tksf[ke izcUku lfer dEiuh dh tksf[ke izcUku uhfr cukrh gS rFkk ikjEifjd :i ls ;g dk;Z eq[; tksf[ke vfkdjh (lh vkj vks)] tks
tksf[ke izcUku lfefr dk la;kstd Hkh gksrk gS] viuh ikfjHkkf"kd Hkwfedk ds lkFk] muds lai.w kZ ekxZ funs'Z k ,oa i;Zo{s k.k esa gksrk gSA
ikWfylhkkjdksa dh lqj{kk lfefr

eaMy dh ikWfylhkkjdksa dh lqj{kk lfefr ds dk;Z ikWfylhkkjdksa ,oa dEiuh ds chp ,d xgjk lEcUk cukus ,oa fodflr djus ds rjhdksa
,oa mik;ksa ij fopkj djuk gSA ;g ,d ,slk iQksje lqfuf'pr djrh gS tks vU; lk>snkjksa ,oa bPNqd tuksa dks ikWfylhkkjdksa dh lqj{kk ds
fodkl dh izf;k esa lwpuk miyCk djkus rFkk ljdkjh fudk;ks]a f'kdk;r fuokj.k izkfkdkfj;ks]a chek m|ksx rFkk vU; lk>snkjksa ls
ikWfylhkkjdksa dh lqj{kk dk fodkl djus ds fy, fopkj&foe'kZ djuk lqfuf'pr djrh gSA
o"kZ 2012&13 ds nkSjku ikWfylhkkjdksa dh lqj{kk lfefr dk xBu rFkk bldh cSBdksa esa lnL;ksa dh mifLFkfr dh fLFkfr fuEu izdkj gS %&
lnL;ksa dk uke
(Jh)
lfefr cSBdksa dh frfFk

14-05-2012
13-08
-2012
13-08-2012
26-11-2012
24-01-2013
fefyUn ,- [kjkr
gk
gk
&
&
ih- ts- tksliQ
&
&
gk
gk
eqd's k [kqYyj
vuq- dh vuqefr
vuq- dh vuqefr
gk
vuq- dh vuqefr
45

Shashank Saksena
Yes
LOA
Yes
LOA
Yes
Yes
Yes
Yes
Gopal Naik
LOA
Yes
Yes
LOA
P. K. Bhagat
LOA
Yes
Yes
Yes
REMUNERATION COMMITTEE
The function of the Remuneration Committee of the Board is to make assessment on different parameter in the
quantitative and qualitative parameter of the performance matrix in comparison with the targets fixed by the
Government of India.
During 2012-13, the composition and attendance of Member(s) of the Remuneration Committee in the Meetings
are given here in below:Name of Members
Date of Committee Meeting
(Mr.)
01.06.2012
Shashank Saksena
LOA
K. N. Bhandari
Yes
S. K. Mitra
Yes
Gopal Naik
LOA
This sub-Committee of the Board has been constituted in accordance with the mandate given by Department of
Financial Services, Ministry of Finance, Government of India.
INFORMATION TECHNOLOGY COMMITTEE
The function of the Information Technology Committee of the Board ensures that the IT infrastructure requirement
is examined, appreciated and implemented through IT Project Annapoorna. It ensures that the IT infrastructure
planning and administration is in line with the business requirements of the Company.
During 2012-13, the composition and attendance of Member(s) of the IT Committee in the Meetings are given here
in below:Name of Members
(Mr.)
05.07.2012
26.11.2012
Yes
P. J. Joseph, Chairman
Yes
Mukesh Khullar
Yes
Yes
S. K. Chanana
Yes
Yes
P.J. Joseph
LOA
The Chief Information Officer as nominated for the purpose is also coordinating with IT projects of the Authority/
Industry as to have seamless coordination with Companys IT system with that of Authority and other projects of
Government of India.
PERSONNEL COMMITTEE
The function of the Personnel Committee of the Board is to evaluate, monitor and guide Human Resource
Development in the Company to face competition and also to decide performance incentive rules of the Management.
Personal Committee frames guidelines to examine, identify and develop the talent of the existing personnel and
succession planning etc.
46

'k'kkad lDlsuk
gk
vuq- dh vuqefr
gk
vuq- dh vuqefr
ds- ,u- HkaMkjh] v;{k
gk
gk
gk
gk
xksiky uk;d
vuq- dh vuqefr
gk
gk
vuq- dh vuqefr
ih- ds- Hkxr
vuq- dh vuqefr
gk
gk
gk
ikfjJfed lfefr
eaMy dh ikfjJfed lfefr dk dk;Z Hkkjr ljdkj }kjk r; fd, x, y{;ksa dh rqyuk esa dk;Z&fu"iknu eSfVDl ds ek=kkRed ,oa xq.kkRed
iSjkehVj esa fofHkUu ekun.Mksa dk vkdyu djuk gSA
o"kZ 2012&13 ds nkSjku ikfjJfed lfefr dk xBu vkSj bldh cSBdksa esa blds lnL;ksa dh mifLFkfr dh fLFkfr fuEu izdkj gS%&
lnL;ksa dk uke
(Jh)
'k'kkad lDlsuk
ds- ,u- Hk.Mkjh
,l- ds- fe=kk
xksiky uk;d
lfefr dh cSBd dh frfFk

01-06-2012
vuqifLFkfr dh vuqefr
gk
gk
eaMy dh milfefr dk xBu Hkkjr ljdkj ds fok ea=kky; ds fokh; lsok&foHkkx }kjk fn, x, vfkns'k ds vuqikyu esa gqvk gSA
lwpuk izkS|ksfxdh lfefr

eaMy dh lwpuk izk|
S ksfxdh lefr dk dk;Z ;g lqfuf'pr djuk gS fd vkbZ-Vh- vkkkfjd lajpuk dh vko';drk dh tkp] vfkewY;u rFkk
dk;kZUo;u] vkbZ- Vh- izkt
s Ds V vUuiw.kkZ ds ek;e ls gksA ;g lqfuf'pr djrh gS fd vkbZ- Vh ljapuk ;kstuk rFkk iz'kklu dEiuh ds O;olk;
dh vko';drkvksa ds vuq#i gksA
2012&13 ds nkSjku vkbZ-Vh- lfefr ds xBu vkSj bldh cSBdksa esa lnL;ksa dh mifLFkfr dh fLFkfr fuEu izdkj gS%&
lnL;ksa dk uke
(Jh)
fefyUn , [kjkr] v;{k
eqd's k [kqYyj
,l- ds- pkuuk
ih- ts- tksliQ
lfefr dh cSBdksa dh frfFk

05-07-2012
26-11-2012
gk
&
vuq- dh vuqefr
gk
gk
gk
gk
gk
vuq- dh vuqefr
&
bl ms'; ds fy, ukfer eq[; lwpuk izkfkdkjh Hkh izkfkdj.k m|ksx ds vkbZ- Vh- izkt
s Ds V ds lkFk leUo; dj jgs gSa rkfd dEiuh dh vkbZVh- iz.kkyh vkSj izkfkdj.k ,oa Hkkjr ljdkj ds vU; izkt
s Ds Vksa ds chp v[kaM leU;o; gks ldsA
dkfeZd lfefr
eaMy dh dkfeZd lfefr dk dk;Z izfr}fU}rk dk lkeuk djus ds fy, dEiuh dss ekuo lalkku fodkl dk ewY;kadu] fuxjkuh rFkk ekxZn'kZu
djuk gS rFkk izcUku ds dk;Zfu"iknu izkRs lkgu fu;eksa dk fu.kZ; djuk Hkh gSA dkfeZd lfefr] orZeku dkfeZdksa dh izfrHkk dh tkp] igpku
,oa fodkl djus rFkk mkjkfkdkj&;kstuk vkfn ds lEcUk esa ekxZ funs'k cukrh gSA
47

During 2012-13, the composition and attendance of Member(s) of the Personnel Committee in the Meetings are
given here in below:
Name of Members
(Mr.)
13.08.2012
Yes
K. N. Bhandari
Yes
Gopal Naik
Yes
Kuldip Singh
LOA
R. K. Deka
LOA
ETHICS COMMITTEE
The function of the Ethics Committee of the Board is to address the matters related with Whistle Blower Policy of
the Company. No meeting was required to be held during 2012-13.
GENERAL MEETINGS
Annual General Meetings
Mr. Gopal Naik who is rotational Director and has held office for the longest period, will retire by rotation at the
th
ensuing 10 Annual General Meeting, and being eligible for re-appointment have offered himself for re-appointment.
The dates and venues of the last three Annual General Meetings of the Company are:
Date of AGM
Venue of AGM
28th December 2010
Amba Deep (13th Floor), 14, Kasturba Gandhi Marg, New Delhi
11th August, 2011
31st July, 2012
CAPITAL STRUCTURE
The Authorized Share Capital of the Company is
crore being held as under:-
1500 crore, with the Paid-up Equity Share Capital of
200
SN
Shareholders of the Company
Holding
( )
1.
General Insurance Corporation of India
700000000
35.00
2.
National Bank for Agriculture and Rural Development
600000000
30.00
3.
National Insurance Company Limited & its nominee
175000000
8.75
4.
The New India Assurance Company Limited & its nominee
175000000
8.75
5.
The Oriental Insurance Company Limited
175000000
8.75
6.
United India Insurance Company Limited
175000000
8.75
TOTAL
48
2000000000
Percentage
Holding
100.00

2012&13 ds nkSjku dkfeZd lfefr ds xBu ,oa bldh cSBdksa esa blds lnL;ksa dh mifLFkfr dh fLFkfr fuEu izdkj gS%&
lnL;ksa dk uke
(Jh)
lfefr dh cSBd dh frfFk

13-08-2012
gk
ds- ,u- Hk.Mkjh
gk
xksiky uk;d
gk
dqynhi flag
vkj-ds- Msdk
vkpkj lfefr
eaMy dh vkpkj lfefr dk dk;Z dEiuh dh eq[kfcj uhfr ls lacfUkr ekeyksa ij ;ku nsuk gS]A fokh; o"kZ 2012&13 ds nkSjku dksbZ cSBd
vk;ksftr djus dh vko';drk ugha iM+hA
vke cSBd
okf"kZd vke cSBd
Jh xksiky uk;d tks ifjorZuh; funs'kd gSa vkSj lokZfkd vofk ls in kkfjr gS]a vkxkeh 10oha okf"kZd vke cSBd esa ifje.k ls in&eqDr
gksxa s rFk ik=k gksus s ds ifj.kkeLo:i iqufuZ;fq Dr ds fy, mUgksua s izLrko fn;k gSA
dEiuh dh fiNyh rhu okf"kZd vke cSBdksa dh frfFk;k ,oa LFkku fuEu izdkj gS%a &
okf"kZd vke cSBd dh frfFk
okf"kZd vke cSBd dk LFkku
28 fnlEcj 2010
vEcknhi] (13oka ry) 14] dLrwjck xkkh ekxZ] ubZ fnYyh
11 vxLr 2011
31 tqykbZ 2012
iwth lajpuk
dEiuh dh izkfkd`r 'ks;j iwt
h 1500 djksM+ #- gS ftlesa 200 djksM+ #- dh iznk bfDoVh 'ks;j iwt
h fuEu izdkj kkfjr gS%&
e
la- dEiuh ds 'ks;j kkjd
kkfjrk
( )
kkfjrk
izfr'kr
1-
Hkkjrh; lkkkj.k chek fuxe
700000000
35-00
2-
d`f"k ,oa xzkeh.k fodkl jk"Vh; cSd

a
600000000
30-00
3-
us'kuy ba';ksjUs l d- fy- ,oa blds ukfefr
175000000
8-75
4-
fn U;w bf.M;k ,';ksjUs l da- fy- ,oa blds ukfefr
175000000
8-75
5-
fn vksfj,.Vy ba';ksjUs l da- fy-
175000000
8-75
6-
;wukbZVM
s bafM;k ba';ksjUs l d- fy-
175000000
8-75
dqy
49
2000000000
100-00

The Issued, Subscribed and Paid-up Share Capital of the Company is

shares during 2012-13.
200 crore. There was no further issue of
SUBSIDIARY COMPANIES
The Company does not have any subsidiary.
RENEWAL OF CERTIFICATE OF REGISTRATION ISSUED BY INSURANCE REGULATORY AND DEVELOPMENT
AUTHORITY OF INDIA (IRDA)
th
The Company has obtained the Certificate of Renewal of Registration for the year 2013-14 from IRDA on 8
February, 2013. The Annual Accounts of the Company are drawn-up as per the IRDA (Preparation of Financial
Statements and Auditors Report) Regulations, 2002. The Companys existing Paid-up Equity Share Capital of
200 crore conforms to the minimum capital requirement prescribed by IRDA.
PUBLIC DISCLOSURE OF ACCOUNTS OF THE COMPANY
The quarterly / half yearly and annual results are displayed on the website of the Company viz., www.aicofindia.com,
though the limited audited half yearly and audited annual results were published in the newspapers well within the
time-limit stipulated under IRDA Regulation.
DIRECTORS RESPONSIBILITY STATEMENT
Pursuant to section 217(2AA) of the Companies Act, 1956, the Directors hereby confirm that:
i
in preparation of Annual Accounts for the year ended on 31st March 2013, the applicable Accounting
Standards have been followed along with proper explanations relating to material departures, if
any;
ii
appropriate Accounting Policies have been selected and have been applied consistently, and that
the judgments and estimates made are reasonable and prudent so as to give a true and fair view
of the State of affairs of the Company as at the end of the financial year, and the Profit of the
Company for the year ended on 31st March, 2013;
iii
proper and sufficient care has been taken for the maintenance of adequate accounting records in
accordance with the provisions of the Companies Act,1956, for safeguarding the assets of the
Company, and for prevention and detection of fraud and other irregularities;
iv
Annual Accounts have been prepared on a going concern basis.
ACKNOWLEDGEMENTS
The Board places on record its sincere thanks to the Shareholders, Central and the State Governments,
Financial Institutions, public and private sector Banks, Government Agencies and non-Government Institutions
for their continued support in the development and growth of your Company. Your Directors express their
appreciation for the commendable contributions made by the Officers and staff of the Company at all levels.
Place : New Delhi
For and on behalf of the Board
Date : 14.08.2013
(P. J. Joseph)
Chairman-cum-Managing Director
50

dEiuh dh b'kw vfHknk rFkk iznk 'ks;j iwt

h 200 djksM+ #- gS 2012&13 fokh; o"kZ ds nkSjku vkxs vkSj dksbZ 'ks;jksa dk b'kw ugha gqvk
vuq"kaxh dEifu;k
dEiuh dh dksbZ vuq"kaxh ugha gSA
Hkkjr ds chek fofu;ked ,oa fodkl izkfkdkj (vkbZ vkj Mh ,) }kjk tkjh iathdj.k izek.k i=k dk
uohdj.k
dEiuh us vkbZ vkj Mh , ls 8 iQjojh 2013 dks o"kZ 2013&14 ds fy, iathdj.k izek.ki=k dk uohuhdj.k izkIr fd;kA dEiuh ds okf"kZd
[kkrs vkbZ- vkj- Mh- ,- ds (fokh; fooj.kksa vksj ys[kk&ijh{kk izfrosnu dh rS;kjh) fofu;e 2002 ds vuq#i rS;kj fd, x, gSAa dEiuh dh
okZeku iznk bfDoVh 'ks;j iwt
h 200 djksM+ gS tks fd vkbZ vkj Mh , }kjk fofukkfjr U;wure iwt
h vfuok;Zrk dk vuqikyu gSA
dEiuh ds ys[kkvksa dk tu izdVu

dEiuh dh oSolkbV ;Fkk www.aicofindia.com ij frekgh@Nekgh rFkk okf"kZd ifj.kke fn[kk, x, gSAa rFkkfi vkbZ- vkj- Mh- ,- fofu;eksa
esa nh xbZ le; lhek ds Hkhrj lhfer ys[kk ijhf{kr vZ okf"kZd rFkk ys[kk&ijhf{kr okf"kZd ifj.kke lkekpkj i=kksa esa izdkf'kr fd, x,
FksA
funs'kdksa dh ftEesnkjh fooj.k

dEiuh vfkfu;e 1956 ds [kaM 217 (2 , ,) ds vuqikyu esa funs'kd fuEu izdkj iqf"V djrs gSa fd&
i
31 ekpZ 2013 dks lekIr o"kZ ds okf"kZd ys[kksa dh rS;kjh esa ykxw ys[kk&ekudksa dk vuqikyu fd;k x;k gS rFkk tgk
Hkh egRoiw.kZ ifjorZu] ;fn dksbZ gS] fd;k x;k gS] mlds mi;qDr Li"Vhdj.k fn, x, gSAa
ii
mi;qDr ys[kk uhfr;k pquh xbZ gSa vkSj vfojr ykxw dh xbZ gSa rFkk fu.kZ; ,oa vuqeku ;Fkksfpr ,oa U;k;lEHkr gS rkfd
dEiuh ds dk;ks dh fokh; o"kZ ds var esa rFkk 31 ekpZ 2013 dks lekIr o"kZ ds fy, dEiuh ds ykHk dk lPpk ,oa
lgh n`f"Vdks.k cu ldsA A
iii
dEiuh vfkfu;e 1956 ds izkokkuksa ds vuqlkj i;kZIr ys[kk fjdkMZ j[kus dk mi;qDr ,oa i;kZIr ;ku j[kk x;k gSA
rkfd dEiuh dh ifjlEifk;ksa dh lqj{kk gks lds rFkk fdlh kks[ks ,oa vU; vfu;fekkvksa dks jksdk ,oa irk yxk;k tk
ldsA
iv
okf"kZd ys[kkvksa dks ^^vofjr egRoiw.kZ** vkkkj ij rS;kj fd;k x;k gSA
vfHkLohd`fr
eaMy vius 'ks;jkkjdks]a dsUnzh; ,oa jkT; ljdkjks]a fokh; laLFkkuks]a lkoZtfud ,oa futh {ks=k ds cSd
a ks]a ljdkjh ,oa xSj&ljdkjh laxBuksa ds
izfr mudh dEiuh ds fodkl ,oa o`f ds fy, muds fujUrj lg;ksx ds fy, gkfnZd vkHkkj izdV djrh gSA vkids funs'kd dEiuh ds
lHkh Lrj ds deZpkfj;ksa ,oa vfkdkfj;ksa }kjk ljkguh; ;ksxnku ds fy, vkHkkj O;Dr djrs gSa
LFkku % ubZ fnYyh
eaMy ds fy, ,oa mudh vksj ls

(ih-ts- tksliQ)
v;{k o izcUk funs'kd
fnukad % 14-08-2013
51

Certification for compliance of the Corporate Governance Guidelines
I, Kanika Sharma Shandil, Company Secretary, Agriculture Insurance Company of India Limited hereby certify that
the Company has complied with the corporate governance guidelines for Insurance Companies as amended from
time to time and nothing has been concealed or suppressed.
KANIKA SHARMA SHANDIL
Company Secretary
AIC of India Limited
52

fuxeh; 'kklu iz.kkyh ekxZ&funs'kksa ds vuqikyu dk izek.ki=k
eS]a dfudk 'kekZ 'kkafMy dEiuh lfpo] ,xzhdYpj ba';ksjUs l dEiuh vkWiQ bafM;k fyfeVsM] ,rn~ }kjk izekf.kr djrh gw fd dEiuh us chek
dEifu;ksa ds fy, le;≤ ij ;Fkk ifjofrZr fuxeh; 'kklu&iz.kkyh ekxZfuns'Z kksa dk vuqikyu fd;k gS rFkk dqN Hkh xqIr ;k vizdV ugha
j[kk x;k gSA
dfudk 'kekZ 'kkafMy

dEiuh lfpo
,-vkbZ-lh- fy-
53

Annexure 3
MANAGEMENT REPORT
In accordance with Part IV of Schedule B of the Insurance Regulatory and Development Authority (Preparation
of Financial Statements and Auditors Report of Insurance Companies) Regulations 2002, the management of the
Company hereby:
1.
Confirms that the registration number 126 granted by the IRDA continues to be valid.
2.
Certifies that all dues payable to the statutory authorities have been duly paid.
3.
Confirms that the shareholding pattern and any transfer of shares during the year are in accordance with
the statutory or regulatory requirements.
4.
Declares that the management has not directly or indirectly invested outside India the funds of the holders
of policies issued in India.
5.
Confirms that the company has maintained the required solvency margin.
Certifies that the value of all the assets have been reviewed on the date of the Balance Sheet and that, in
our belief, the assets set forth in the Balance Sheet are shown in the aggregate at amounts not exceeding
their realizable or market value under the several headings Loans, Investments, Agents balances,
Outstanding Premium, Interest, Dividends and Rent outstanding, Interest, Dividends and Rent accruing
but not due, Amounts due from other persons or Bodies carrying on insurance business, Sundry
Debtors, Bills Receivable, Cash, and the several items specified under Other Accounts.
7.
Confirms that the companys risk exposure under National Agricultural Insurance Scheme (NAIS) is
adequately limited by the provisions of the scheme which restricts the companys liability to 100% of the
premium for food crops & oilseeds, for all normal coverage as per the provision of the Scheme. Adequate
provision in respect of the companys share of claims has been made in the accounts as per the actuarial
certificate. Appropriate reinsurance has been arranged in respect of Weather Based Crop Insurance Scheme
(Weather Based Crop Insurance Scheme), Modified National Agricultural Insurance Scheme (MNAIS),
Companys own products and Annual Commercial & Horticulture crops & additional coverage of Food
Crops and Oilseeds under NAIS.
8.
Certifies that the company does not operate outside India.
9.
Ageing of claims indicating the trends in average claim settlement (in respect of total liability as per the
provision of the Scheme including Companys and Central & State/UTs Governments liability) time during
the preceding five years is presented below:Particulars
No. of Claims
(No. of farmers)
Amount Involved
( in lakh)
<30 days
3310372
71706.93
30 days to 182 days
3212518
150728.68
182 days to 365 days
654778
45887.67
1 year to 5 years
102841
29070.65
7280509
297393.93
5 years and above

Total
10.
Certifies that the value of investments, stocks and shares, as shown in the Balance Sheet, have been
arrived at as stated in the Significant Accounting Policies (No. 5).
11.
Certifies that the review of quality and performance of investments is as mentioned in the Notes forming
part of Accounts (No. 8). No loans, except loans to staff members, have been granted by the company
12.
Confirms that:(i)
In the preparation of financial statements, the applicable accounting standards, principles and
policies have been followed along with proper explanations for material departures, if any;
54

vuqyXud&3
izcUku dh fjiksVZ
chek fu;ked ,oa fodkl izkfkdj.k dh vuqlp
w h& ch ds prqFkZ Hkkx (fokh; fooj.k vkSj chek dEifu;ksa ds ys[kk ijh{kdksa dk
izfrosnu rS;kj djuk) fofu;e 2002 ds vuqlkj dEiuh izcUku blds }kjk %
1-
iqf"V djrk gS fd vkbZ vkj Mh , }kjk iznk iathdj.k la[;k 126 fujUrj oSk cuk gqvk gSA
2-
izekf.kr fd;k tkrk gS fd laoS kkfud izkfkdj.kksa dks ns; lHkh cdk;ksa dk fofkor Hkqxrku fd;k tk pqdk gSA
3-
iqf"V djrk gS fd o"kZ ds nkSjku 'ks;j gksfYMax izfr:i vkSj 'ks;jksa dk gLrkUrj.k fofkd ;k fofu;ked vko';drkvksa ds vuqlkj
fd;k x;k gSA
4-
?kks"k.kk dh tkrh gS izcUku us] izR;{k ;k vizR;{k :i ls Hkkjr esa tkjh dh xbZ ikWfylh dh fufk dks] Hkkjr ls ckgj fuos'k ugha
fd;k gSA
5-
iqf"V dh tkrh gS fd izcUku us vko';d 'kksku {kerk dks cuk, j[kk gSA
6-
izekf.kr fd;k tkrk gS fd rqyu i=k dh frfFk dks lHkh ifjlEifk;ksa ds ewY;ksa dh leh{kk dh gS vkSj ;g fd gekjs fo'okl esa
rqyu i=k esa mfYyf[kr lEifk;ksa ds fofHkUu enks&^^.k**] ^^fuos'k**] vfHkdj.k 'ks"k**] ^^cdk;k izheh;e**] C;kt] ykaHkk'k o
cdk;k fdjk;k**] ^^C;kt**] ykHkka'k vkSj izkns Hkwr fdjk;k ij ns; ugha]** ^^chek dkjksckj ij vU; O;fDr ;k fudk; ls cdk;k jkf'k**]
^^fofok nsunkj**] ^îzkI; fcy**] ^ûdn**] vkSj ;ksX; ;k cktkj ewY; ls vfkd ugha gSA
7-
iqf"V dh tkrh gS fd dEiuh ds tksf[ke dks ^^jk"Vh; d`f"k chek ;kstuk (,u-,-vkbZ-,l) ds rgr] Ikz;kZIr izkokkuksa ds vuqlkj]
tks bl ;kstuk ds izkokkuksa ls lhfer gSA dEiuh ds nkf;Ro dks] lHkh lkekU; dojst ds fy, [kk| iQlyksa vkSj frygu ds fy,
izhfe;e ds 100 % ls izfrckfkr djrk gSA dEiuh ds nkoksa dh fgLlsnkjh ds lEcUkk es]a i;kZIr izkokku chekdad izek.k i=k ds
vuqlkj [kkrksa esa fd;k x;k gSA mi;qDr iquchZek ekSle vkkkfjr iQly chek ;kstuk (ekSle vkkkfjr iQly chek ;kstuk)] la'kksfkr
jk"Vh; d`f"k chek ;kstuk (,e-,u-,-vkbZ-,l)] dEiuh ds [kqn ds mRiknksa vkSj ,u-,-vkbZ-,l ds rgr [kk| iQlyksa vkSj frygu
dh okf"kZd okf.kfT;d o ckxokuh iQlyksa vkSj vfrfjDr dojst ds lEcUk esa O;oLFkk dh xbZ gSA
8-
izekf.kr fd;k tkrk gS fd dEiuh Hkkjr ls ckgj dke ugha djrhA
9-
fiNys ikp o"kksaZ ds nkSjku vkSlr nkok fuiVku ds vk;q okj #>ku uhps izLrqr gSa (;kstuk ds vuqlkj] dEiuh o dsUnzh; o jkT;@la?k
'kkflr izn's k ljdkj dk dqy nkf;Ro)
fooj.k
nkoksa dh la[;k
(fdlkuksa dh la-)
30 fnu ls de
30 fnu ls 182 fnu
182 fnu ls 365 fnu
1 o"kZ ls 5 o"kZ
5 o"kZ ls vfkd
;ksx
3310372
3212518
654778
102841
0
7280509
'kkfey jkf'k
( yk[kksa esa)
71706-93
150728-68
45887-67
29070-65
0
297393-93
10-
izekf.kr fd;k tkrk gS fd rqyu i=k esa n'kkZ, x, dFkukuqlkj fuos'k] Hk.Mkj o 'ks;j ds ewY;&vadu ds fy, ^êgRoiw.kZ ys[kkadu
uhfr;k** (ua- 5) esa dgk x;k gSA
11-
izekf.kr fd;k tkrk gS fd fuos'k dh xq.kokk vkSj izn'kZu dks ^^ys[kksa ds vfHkUu vax** (la-&8) esa fn[kk;k x;k gSA dEiuh }kjk
deZpkjh lnL;ksa dks NksMd
+ j fdlh dks .k ugha fn;k x;k gSA
12-
iqf"V djrs gSa fd %

(i)
fokh; fooj.kksa dks rS;kj djus es]a ykxw ys[kkadu ekudks]a fl}kUrksa vkSj uhfr;ks]a dk ikyu fd;k x;k gS vkSj ;fn dksbZ
egRoiw.kZ fopyu gS rks mlds fy, mfpr Li"Vhdj.k fn;k x;k gSA
55

(ii)
The management has adopted accounting policies and applied them consistently (including those
specifically required by various IRDA Regulations) and made judgments and estimates that are
reasonable and prudent so as to give a true and fair view of the state of affairs of the company at
the end of the financial year and of the profit of the company for the year;
(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 (4 of 1938)/
Companies Act, 1956 (1 of 1956), for safeguarding the assets of the company and for preventing
and detecting fraud and other irregularities;
(iv)
The management has prepared the financial statements on a going concern basis;
(v)
The management has ensured that an internal audit system commensurate with the size and
nature of the business exists and is operating effectively;
(vi)
Certifies that no payment has been made to individuals, firms, companies and organizations in
which the Directors of the company are interested.
(Kanika Sharma Shandil)

Company Secretary
(K. N. Bhandari)
Director
DIN 00191219
(M. K. Poddar)
Deputy General Manager
(S. Surenther)
Director
DIN 01715089
Date: 18.06.2013
Place: New Delhi
56
(G. Anandan)
General Manager
(P. J. Joseph)
DIN 05229601

(ii)
izcUku us ys[kkadu uhfr;ksa dks ,d:irk esa viuk;k gS vkSj mUgsa yxkrkj ykxw fd;k gSA (ftlesa fo'ks"k :i ls vkbZ
vkj Mh , fofu;e }kjk vko';d gS] dks 'kkfey fd;k gS) vkSj fokh; o"kZ ds vUr es]a dEiuh ds ekeyksa dh fLFkfr
vkSj ykHk ds lEcUk esa okLrfod o fu"i{k fopkj izLrqr djus ds fy, mfpr o foosdiw.kZ fu.kZ; o vkdyu fd;k
x;k gSA
(iii)
izcUku us dEiuh dh lEifk dh lqj{kk ds fy,] vkSj kks[kkkM+h o vU; vfu;ferkvksa dks jksdus o irk yxkus ds fy,
chek vfkfu;e 1938 (1938 dk 4)@ dEiuh vfkfu;e 1956 (1956 dk 1) ds ykxw izkokkuksa ds vuqlkj i;kZIr ys[kk
vfHkys[kksa ds j[k j[kko ds fy, mfpr o i;kZIr ;ku j[kk gSA
(iv)
izcUku us fokh; fooj.kksa dks ^^pkyw izfr"Bku** ds vkkkj ij rS;kj fd;k gSA
(v)
izcUku us ;g lqfuf'pr fd;k gS fd dkjksckj ds vkdkj vkSj izdf` r ds vuq:i ,d vkarfjd ys[kk ijh{kk iz.kkyh ekStnw
gS vkSj izHkkoh <ax ls dke dj jgh gSA
(vi)
izekf.kr fd;k tkrk gS fd dksbZ Hkh Hkqxrku O;fDr;ks]a iQeks] dEifu;ksa vkSj laxBuksa ftlesa funs'Z kdksa dk fgr gks] dks
ugha fd;k gSA
(dfudk 'kekZ 'kkafMy)

daiuh lfpo
(,e- ds- iksn~nkj)

mi egk izcakd
(ds- ,u- HkaMkjh)

funs'kd
Mh vkbZ ,u 00191219
(,l- lqjsUFkj)
funs'kd
Mh vkbZ ,u 01715089
LFkku % ubZ fnYyh

fnukad 18-06-2013
57
(th- vkuanu)
egk izcakd
(ih- ts- tksliQ)

v;{k lg izcak funs'kd
Mh vkbZ ,u 05229601

REGISTRATION NO. 126

DATE OF REGISTRATION WITH IRDA: OCTOBER 30, 2003
REVENUE ACCOUNT FOR THE YEAR ENDED 31ST MARCH, 2013

CROP INSURANCE BUSINESS
SN
Particulars
1
2
3
4
Premium Earned (Net)

Profit/Loss on Sale/Redemption of Investments
Others
Interest, Dividend & Rent -Gross
1
2
3
4
Schedule
Current Year
31.03.13
( 000)
Previous Year
31.03.12
( 000)
14762441
0
0
1648429
13202136
36
0
1501627
TOTAL (A)
16410870
14703799
Claims Incurred (Net)

2
Commission
3
Operating Expenses related to Insurance Business
4
Expenses related to Investments :
a) Amortization of Premium on Investments
b) Stock Holding Charges
c) Bank Interest & Charges
d) Other expenses related to investment
TOTAL (B)
14446088
(2225425)
464371
10210167
(2366033)
363727
6911
967
5352
31
12698295
10406
854
1680
0
8220801
Operating Profit from Crop Insurance Business C=(A-B)
3712575
6482998
APPROPRIATIONS
Transfer to Shareholders Account
Transfer to Catastrophe Reserve
Transfer to Other Reserves
3712575
0
0
6482998
0
0
3712575
6482998
TOTAL
As required by Section 40C(2) of the Insurance Act, 1938, we certify that to the best of our knowledge and
according to the information and explanations given to us and so far as it appears from our examination of the
books of accounts of the company, all expenses of management, wherever incurred, whether directly or indirectly
in respect of Crop Insurance Business have been fully debited in the Revenue Account as expenses in accordance
with Accounting Policy No.6.
Company Secretary
(K. N. Bhandari)
Director
DIN 00191219
(M. K. Poddar)
(S. Surenther)
Director
DIN 01715089
for M/s S. C. VASUDEVA & CO.

(G. Anandan)
General Manager
(P. J. Joseph)
DIN 05229601
for M/s K. K. GHEI & CO.
(Abhinav Khosla)
Partner
M.No. 087010
Place: New Delhi
Date: 18.06.2013
(Sumit Ghei)
Partner
M.No.097893
58

iathdj.k la[;k 126

vkbZ-vkj-Mh-,- ds lkFk iathdj.k dh rkjh[k 30 vDVwcj] 2003
31 ekpZ 2013 dks lekIr o"kZ ds fy, jktLo [kkrk

iQly chek O;olk;
e
la-
fooj.k
vuqlwph
1
2
3
4
vftZr izhfe;e (fuoy)

fuos'kksa dh fch@ekspu ij ykHk@gkfu
vU;
ldy&C;kt] ykHkka'k o fdjk;k
1
0
;ksx (d)
1
2
3
4
mixr nkos (fuoy)

deh'ku
chek O;olk; ls lacfa kr izpkyu [kpZs
fuos'k ls lacfa kr [kpZ
d) fuos'k ij izhfe;e dk ifj'kksku
[k) LVkd gksfYMax izHkkj
x) cSd
a C;kt ,oa izHkkj
?k) fuos'k ls lEcfUkr vU; O;;
2
3
4
;ksx ([k)
iQly chek O;olk; ls izpkyu ykHk x = (d&[k)
pkyw o"kZ
31-03-13
( ^000)
14762441
36
0
1648429
xr o"kZ
31-03-12
( ^000)
13202136
16410870
14703799
14446088
(2225425)
464371
10210167
(2366033)
363727
6911
967
5352
31
12698295
10406
854
1680
0
8220801
3712575
6482998
0
1501627
fofu;kstu
'ks;jkkjdksa ds [kkrs esa varfjr
vkink lap; vkjf{kr dks varfjr
vU; vkjf{kr dks varfjr
3712575
6482998
0
0
0
0
dqy ;ksx
3712575
6482998
chek vfkfu;e 1938 dh kkjk 40 lh (2) ds vuqlkj ge ,rn~}kjk izekf.kr djrs gSa fd gekjh loksZ ke tkudkjh vkSj gesa nh xbZ lwpuk
o Li"Vhdj.k] ds vuqlkj] vkSj tSlk fd dEiuh ds ys[kksa dh gekjh tkp esa ns[kk x;k gS] fd iQly chek O;olk; ds lEcUk es]a pkgs
izR;{k ;k ijks{k :i ls] dgha Hkh fd, x, mixr lHkh izcUku [kpZs jktLo [kkrs es]a ys[kk uhfr & 6 ds vuqlkj [kpsZ ds :i esa iw.kZr MsfcV
(ukes) fd, x, gSAa
daiuh lfpo
(,e ds iksn~nkj)
mi egk izcakd
(ds ,u HkaMkjh)
funs'kd
Mh vkbZ ,u 00191219
(,l lqjsUFkj)
funs'kd
Mh vkbZ ,u 01715089
d`rs lh ,l oklqnsok ,oa dalunh ys[kkdkj

(th vkuanu)
egk izcakd
(ih ts- tksliQ)
Mh vkbZ ,u 05229601
d`rs eSllZ ds-ds- ?kbZ ,oa dalunh ys[kkdkj
(vfHkuo [kkslyk)
Hkkxhnkj
,e ua- 087010
LFkku % ubZ fnYyh
fnukad 18-06-2013
(lqfer ?kbZ)
Hkkxhnkj
,e ua- 097893
59


PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH, 2013
SN
1.
Particulars
Schedule
Current Year
Previous Year
31.03.13
31.03.12
( 000)
( 000)
3712575
6482998
1438668
937701
22
a) Miscellaneous Receipts
5577
45964
b) Profit on Sale of Assets
15
5156835
7466685
a) Diminution in the value of Investments
b) Provision for Doubtful Debts
21850
12430
52
6032
6498
844
534
4671
1049
e) Loss on Sale of Assets
384
728
f) Prior Period Expenses
276
27
TOTAL (B)
34136
21239
(C=A-B)
5122699
7445446
1559611
2430000
OPERATING PROFIT/(LOSS)
Crop Insurance Business
2.
INCOME FROM INVESTMENTS

a) Interest,Dividend & Rent-Gross
b) Profit on Sale/Redemption of Investments
3.
OTHER INCOME
TOTAL(A)
4.
PROVISIONS (other than Taxation)
c) Provision on Standard Assets

d) Provision for loyalty discount
5.
OTHER EXPENSES
a) Expenses other than those related to insurance business
b) Amortisation of Premium on Investments
c) Stock Holding Charges
d) Bank Interest & Charges
g) Other investment related expenses
PROFIT BEFORE TAX

PROVISION FOR TAXATION
a) Income Tax (Current Year)
60

iathdj.k la- 126

vkbZ-vkj-Mh-,- ds lkFk iathdj.k dh frfFk % 30 vDVwcj 2003
31 ekpZ 2013 dks lekIr o"kZ ds fy, ykHk vkSj gkfu [kkrk
iQly chek O;olk;
e
la-
fooj.k
1-
2-
3-
vuqlwph
pkyw o"kZ
31-03-13
( ^000)
xr o"kZ
31-03-12
( ^000)
izpkyu ykHk@(gkfu)
iQly chek O;olk;
3712575
6482998
fuos'k ls vk;
d) ldy&C;kt] ykHkka'k o fdjk;k
[k) fuos'kksa dh fch@ekspu ij ykHk
1438668
0
937701
22
5577
15
5156835
45964
0
7466685
0
0
21850
52
0
0
12430
0
0
6032
844
4671
384
276
27
34136
0
6498
534
1049
728
0
0
21239
5122699
7445446
1559611
2430000
vU; vk;
d) fofok izkfIr;k
[k) ifjlEifk;ksa dh fch ij ykHk
;ksx (d)
4-
5-
izkokku (djkkku ds vykok)

d) fuos'k ewY; esa deh
[k) lafnXk .kksa gsrq izkokku
x) ekud ifjlEifk;ksa ij izkokku
?k) okLrfod NwV gsrq izkokku
vU; [kpZs
d) chek O;olk; ls lacfa kr ds vykok [kpsZ
[k) fuos'k ij izhfe;e dk ifj'kkskku
x) LVkWd j[kus dk izHkkj
?k) cSd
a C;kt vkSj izHkkj
p) ifjlEifk;ksa dh fch ls gkfu
N) iwoZ vofk ds [kpsZ
t) fuos'k ls lEcfUkr vU; [kpsZ
;ksx ([k)
dj iwoZ ykHk
dj ds fy, izkokku
d) vk; dj (pkyw o"kZ)
(x = d&[k)
61

b) Income Tax (pertaining to earlier years)
1385
5450
c) Wealth Tax
3431
386
d) Deferred Tax
76153
(11677)
TOTAL (D)
1640580
2424159
(E=C-D)
3482119
5021287
a) Interim Dividend paid during the year
b) Proposed Final Dividend
250000
c) Dividend Distribution Tax
40556
3482119
4730731
3482119
5021287
PROFIT AFTER TAX & APPROPRIATIONS
Add: Balance of Profit/(Loss) b/f from last year
BALANCE C/F TO BALANCE SHEET
Basic Earning per Share
17.41
25.11
Diluted Earning per Share
17.41
25.11
Number of Equity Shares
200000000
200000000
Nominal Value per Share
10/-
10/-
PROFIT AFTER TAX AVAILABLE

FOR APPROPRIATION
APPROPRIATIONS
d) Transfer to General Reserve

TOTAL
Accounting Policies and Notes on Accounts are as per Annexure-1 & 2 respectively

Company Secretary
(K. N. Bhandari)
Director
DIN 00191219
(M. K. Poddar)
(S. Surenther)
Director
DIN 01715089

(G. Anandan)
General Manager
(P. J. Joseph)
DIN 05229601
(Abhinav Khosla)
Partner
M.No. 087010
(Sumit Ghei)
Partner
M.No.097893
Place: New Delhi

Date: 18.06.2013
62

[k) vk; dj (iwoZ o"kks ls lacfa kr)

x) lEifk dj
?k) vkLFkkfxr dj
fofu;kstu ds fy,
miyCk dj i'pkr ykHk
;ksx (?k)
1385
3431
76153
1640580
5450
386
(11677)
2424159
(p = x&?k)
3482119
5021287
0
0
0
3482119
0
250000
40556
4730731
3482119
5021287
0
0
0
0
17-41
17-41
200000000
10@&
25-11
25-11
200000000
10@&
fofu;kstu
d) o"kZ ds nkSjku Hkqxrkfur varfje ykHkka'k
[k) izLrkfor fu.khZr ykHkka'k
x) ykHkka'k forj.k dj
?k) lkekU; vkjf{kr dks varfjr
dqy
dj i'pkr ykHk vkSj fofu;kstu
tek% xr o"kZ ls vkxs yk;k x;k ykHk@(gkfu) 'ks"k
rqyu i=k dks varfjr 'ks"k
izfr 'ks;j ewy vk;
izfr 'ks;j rjyhd`r vk;
bZfDoVh 'ks;jksa dh la[;k
izfr 'ks;j lkadfs rd ewY;
ys[kksa ij ys[kk uhfr;k ,oa fVIif.k;k e'k% vuqyXud 1 ,oa 2 ij gSAa

daiuh lfpo
(,e- ds- iksn~nkj)

mi egk izcakd
(ds- ,u- HkaMkjh)

funs'kd
Mh vkbZ ,u 00191219
(,l- lqjsUFkj)
funs'kd
Mh vkbZ ,u 01715089
d`rs lh- ,l- oklqnsok ,oa dalunh ys[kkdkj

(th- vkuanu)
egk izcakd
(ih- ts- tksliQ)
Mh vkbZ ,u 05229601
d`rs ds- ds- ?kbZ ,oa dalunh ys[kkdkj
(vfHkuo [kkslyk)
Hkkxhnkj
,e ua- 087010
(lqfer ?kbZ)
Hkkxhnkj
,e ua- 097893
LFkku % ubZ fnYyh

fnukad 18-06-2013
63


BALANCE SHEET AS AT 31ST MARCH, 2013

Particulars
Schedule
Current Year
31.03.13
(
SOURCES OF FUNDS
Share Capital
Reserves & Surplus
Fair Value Change Account
Deferred Tax Liability (Net)
Borrowings
5
6
000)
2000000
13959014
(37935)
8
9
10
24136311
19215
490771
0
20035484
11919
197678
31029
11
12
16469020
9597417
26066437
23071982
8227909
31299891
(5233454)
12265140
5444394
17709534
14372045
7692520
22064565
(4355031)
0
0
19412843
0
0
15921079
Sub - Total (A)

Current Liabilities
Provisions
2000000
17441133
(73414)
45124
0
19412843
7
TOTAL
APPLICATION OF FUNDS
Investments
Loans
Fixed Assets
Deferred Tax Asset (Net)
Current Assets:
Cash & Bank Balances
Advances & Other Assets
000)
Previous Year
31.03.12
13
14
Sub - Total (B)

Net Current Assets (C) = (A) - (B)
Miscellaneous Expenditure
(to the extent not written off or adjusted)
Debit Balance in Profit and Loss Account
TOTAL
Contingent Liabilities
Claims, other than against Policies, not
acknowledged as debts by the Company
0
15921079
Accounting Policies and Notes on Accounts are as per Annexure-1 & 2 respectively
Company Secretary
(K. N. Bhandari)
Director
DIN 00191219
(M. K. Poddar)
(S. Surenther)
Director
DIN 01715089

(G. Anandan)
General Manager
(P. J. Joseph)
DIN 05229601
(Abhinav Khosla)
Partner
M.No. 087010
(Sumit Ghei)
Partner
M.No.097893
Place: New Delhi

Date: 18.06.2013
64

iathdj.k la- 126

vkbZ-vkj-Mh-,- ds lkFk iathdj.k dh frfFk % 30 vDVwcj 2003
31 ekpZ 2013 dks lekIr o"kZ ds fy, rqyu i=k

iQly chek O;olk;
fooj.k
fufk;ksa ds lzksr
'ks;j iwt
h
vkjf{kfr;k vkSj vfk'ks"k
mfpr ewY; ifjorZu [kkrk
vkLFkkfxr dj ns;rk (fuoy)
mkkj jkf'k;k
vuqlwph
pkyw o"kZ
31-03-13
( ^000)
xr o"kZ
31-03-12
( ^000)
5
6
2000000
17441133
(73414)
45124
0
19412843
2000000
13959014
(37935)
0
15921079
8
9
10
24136311
19215
490771
0
20035484
11919
197678
31029
11
12
16469020
9597417
26066437
23071982
8227909
31299891
(5233454)
12265140
5444394
17709534
14372045
7692520
22064565
(4355031)
0
0
19412843
0
0
15921079
7
dqy ;ksx
fufk;ksa dk mi;ksx
fuos'k
.k
LFkk;h ifjlEifk;k
vkLFkkfxr dj ifjlEifk;k (fuoy)
pkyw ifjlEifk;k
udn vkSj cSd
a 'ks"k
vfxze vkSj vU; ifjlEifk;k
mi&;ksx (d)
pkyw ns;rk,
izkokku
13
14
mi&;ksx ([k)
(x) = (d)&([k)
'kq pkyw ifjlEifk;k

fofok [kpZ
(ftudks cV~Vs [kkrs esa ugha Mkyk x;k ;k lek;ksftr ugha fd;k x;k)
ykHk vkSj gkfu [kkrs esa ukes 'ks"k
dqy ;ksx
vkdfLed ns;rk,
ikfylh ds vUrxZr nkoksa dks NksMd
+ j
ftUgsa daiuh .k ugha ekurh
ys[kk uhfr;k vkSj fVIif.k;k e'k% vuqyXud 1 ,oa 2 ds vuqlkj
daiuh lfpo
(,e- ds- iksn~nkj)

mi egk izcakd
(ds- ,u- HkaMkjh)

funs'kd
Mh vkbZ ,u 00191219
(,l- lqjsUFkj)
funs'kd
Mh vkbZ ,u 01715089

(th- vkuanu)
egk izcakd
(ih- ts- tksliQ)
Mh vkbZ ,u 05229601
(vfHkuo [kkslyk)
Hkkxhnkj
,e ua- 087010
(lqfer ?kbZ)
Hkkxhnkj
,e ua- 097893
LFkku % ubZ fnYyh

fnukad 18-06-2013
65

SCHEDULES FORMING PART OF FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH, 2013
SCHEDULE 1 : PREMIUM EARNED (NET)
Particulars
Current Year
31.03.13
( 000)
Previous Year
31.03.12
( 000)
32974200
0
17020339
15953861
(1191420)
14762441
25768510
0
12197489
13571021
(368885)
13202136
Premium from Direct Business written

Add: Premium on Reinsurance Accepted
Less: Premium on Reinsurance Ceded
Net Premium
Adjustment for change in Reserve for Unexpired Risks
TOTAL PREMIUM EARNED (NET)
SCHEDULE 2 : CLAIMS INCURRED (NET)

Particulars
Current Year
31.03.13
( 000)
Previous Year
31.03.12
( 000)
15672924
0
6791249
8881675
39605068
0
22540290
17064778
21856195
0
10355830
11500365
33421797
0
18975709
14446088
14403998
0
4129948
10274050
21856196
0
10355830
11500366
15605975
0
4041726
11564249
20654219
0
10444052
10210167
Claims Paid - Direct

Add: Reinsurance Accepted
Less: Reinsurance Ceded
Net Claims paid
Add: Claims Outstanding at the end of the Current period
Net Claims Outstanding at the end of Current period
Less: Claims Outstanding at the end of the Previous Year
Net Claims Outstanding at the end of the Previous Year
Gross Incurred Claims
NET CLAIMS INCURRED
Note :- Regrouping of figures:
1)
Claims paid includes loss assessment expenses amounting 43997 thousand (Previous year
thousand, was included in schedule 4 under the head Research & Development Expenses).
48094
2)
Re-insurance claims ceded includes recovery of Loss Assessment expenses amounting 66403 thousand
(Previous year 95429 thousand, was included in the schedule 3 under the heading Commission on Reinsurance Ceded)
SCHEDULE 3 : COMMISSION (NET)

Particulars
Current Year
31.03.13
( 000)
Previous Year
31.03.12
( 000)
Commission Paid - Direct

315516
243890
Add: Commission on Reinsurance Accepted
0
0
Less: Commission on Reinsurance Ceded
2540941
2609923
NET COMMISSION
(2225425)
(2366033)
Break- up of the expenses (gross) incurred to procure business to be furnished as per details indicated below:
66

31 ekpZ 2013 dks lekIr o"kZ ds fy,
fokh; fooj.k esa lfEefyr vuqlwfp;k
vuqlwph&1 vftZr izhfe;e ('kq)
fooj.k
izR;{k fyf[kr O;olk; ls izhfe;e

tksM%s Lohd`r iquchZek izhfe;e
?kVk,% vfiZr iquchZek ij izhfe;e
'kq izhfe;e
vlekIr tksf[keksa ds fy, fufk esa ifjorZu gsrq lek;kstu
dqy vftZr izhfe;e (fuoy)
pkyw o"kZ
31-03-13
( ^000)
32974200
0
17020339
15953861
(1191420)
14762441
xr o"kZ
31-03-12
( ^000)
25768510
0
12197489
13571021
(368885)
13202136
pkyw o"kZ
31-03-13
( ^000)
15672924
0
6791249
8881675
39605068
0
22540290
17064778
21856195
0
10355830
11500365
33421797
0
18975709
14446088
xr o"kZ
31-03-12
( ^000)
14403998
0
4129948
10274050
21856196
0
10355830
11500366
15605975
0
4041726
11564249
20654219
0
10444052
10210167
vuqlwph&2 % mixr nkos (fuoy)

fooj.k
vnk fd;s x, nkos&izR;{k

tksMs % Lohd`r iquchZek
?kVk, % vfiZr iquchZek
vnk fd, x, fuoy nkos
tksMs+ % pkyw o"kZ dh lekfIr ij cdk;k nkos
tksMs+ % Lohd`r iquchZek
pkyw o"kZ dh lekfIr ij cdk;k fuoy nkos
?kVk, % xr o"kZ ds cdk;k nkos
tksMs % Lohd`r iquchZek
xr o"kZ dh lekfIr ij cdk;k fuoy nkos
lady mixr nkos
tksM % Lohd`r iquchZek
'kqq mixr nkos
iqu % vkadM+kas dk iqu% oxhZdj.k

1)
vnk fd, nkoksa es]a jkf'k 43997 gtkj #- gkfu fukkZj.k [kpsZ (xr o"kZ 48094 gtkj #- vuqlp
w h&4 esa vuqla kku o fodkl [kpsZ
en esa tqMk Fkk) Hkh lfEefyr gSA
2)
(vfiZr iquchZek nkoksa es]a jkf'k 66403 gtkj #- gkfu fukkZj.k [kpsZ dh olwyh (xr o"kZ 95429 gtkj #-] vuqlp
w h&3 esa vfiZr
iquchZek ij deh'ku en esa tksMk+ x;k) Hkh lfEefyr gSA)
vuqlwph&3 deh'ku (fuoy)

fooj.k
Hkqxrku fd;k x;k deh'ku & izR;{k

tksM+s % Lohd`r iquchZek ij deh'ku
?kVk, % vfiZr iquchZek ij deh'ku
'kq deh'ku
O;olk; izkIr djus ds fy, ldy mixr O;;ksa ds C;kSjs fuEu izdkj n'kkZ;s x, gaAS
67
pkyw o"kZ
31-03-13
( ^000)
315516
0
2540941
(2225425)
xr o"kZ
31-03-12
( ^000)
243890
0
2609923
(2366033)

Agents
Brokers
Corporate Agency
Others:
a) Micro Insurance Agents/NGOs
b) Service Charges to Banks
c) Reimbursement to GIPSA Companies
TOTAL (B)
0
10463
0
0
7786
0
2395
301486
1172
315516
6222
229882
0
243890
SCHEDULE 4 : OPERATING EXPENSES RELATED TO INSURANCE BUSINESS

SN
Particulars
1
2
3
4
5
6
7
8
9
a)
b)
Employees Remuneration & Welfare benefits

Travel, Conveyance and Vehicle running expenses
Training Expenses
Rent, Rates & Taxes
Repairs
Printing & Stationery
Communication
Legal & Professional charges
Auditors fees, expenses etc.
as Auditor
as Advisor or in any other capacity, in respect of
(i) Taxation matters
(ii) Insurance matters
(iii) Management Services
in any other capacity
Advertisement & Publicity
Fees & Subscription to Statutory Authorities
Interest & Bank Charges
Research & Development Expenses
Depreciation
Information Technology
Others
TOTAL
c)
10
11
12
13
14
15
16
Current Year
31.03.13
( 000)
Previous Year
31.03.12
( 000)
176243
21579
4016
39344
7274
3419
4323
12162
132531
15873
947
32743
4204
3166
4289
14120
1397
885
0
0
0
329
9253
23148
65
2672
56330
81222
21595
464371
0
0
0
194
4375
14904
135
0
47969
74410
12982
363727
Current Year
31.03.13
( 000)
Previous Year
31.03.12
( 000)
15000000
15000000
2000000
2000000
2000000
2000000
2000000
0
2000000
2000000
0
2000000
SCHEDULE 5 : SHARE CAPITAL

SN
Particulars
Authorised Capital
150 crore Equity Shares of Rs.10/- each
Issued Capital
Subscribed Capital
Called-up & Paid-up Capital
Less: Preliminary Expenses
2
3
4
TOTAL
68

,tsUV
czkd
s j
fuxeh; ,tsUlh
vU;
d) ekbks chek ,taVs @xSj ljdkjh laLFkk,
[k) cSd
a ksa dks lsok izHkkj
x) lkoZtfud {ks=k dh lkkkj.k chek daifu;ksa dks izfriwfrZ
;ksx ([k)
0
10463
0
0
7786
0
2395
301486
1172
315516
6222
229882
0
243890
pkyw o"kZ
31-03-13
( ^000)
176243
21579
4016
39344
7274
3419
4323
12162
xr o"kZ
31-03-12
( ^000)
132531
15873
947
32743
4204
3166
4289
14120
1397
885
0
0
0
329
9253
23148
65
2672
56330
81222
21595
464371
0
0
0
194
4375
14904
135
0
47969
74410
12982
363727
pkyw o"kZ
31-03-13
( ^000)
xr o"kZ
31-03-12
( ^000)
15000000
15000000
2000000
2000000
2000000
2000000
2000000
0
2000000
2000000
0
2000000
vuqlwph&4 chek O;olk; ls lacafkr izpkyu [kpZ

e
la-
fooj.k
1
2
3
4
5
6
7
8
9
d)
[k)
deZpkfj;ksa dk osru vkSj dY;k.k fgr ykHk

;k=kk] ifjogu vkSj okgu lapkyu [kpkZ
izf'k{k.k [kpZ
fdjk;k] njsa vkSj dj
ejEer
eqn.z k vkSj ys[kuh lkexzh
lapkj
fofk vkSj O;olkf;d izHkkj
ys[kk ijh{kd ds 'kqYd] [kpZ vkfn
ys[kkdkj ds :i esa
lykgdkj ds :i esa ;k fdlh vU; gSfl;r esa
(i)
dj lEcafkr ekeys
(ii)
chek ekeys
(iii) izca ku lsok,
fdlh vU; gSfl;r esa
foKkiu vkSj izpkj
lkafofkd izkfkdj.kksa dks 'kqYd o vfHknku
C;kt vkSj cSd
a izHkkj
vuqla kku ,oa fodkl O;;
ewY;kl
lwpuk izk|
S ksfxdh
vU;
x)
10
11
12
13
14
15
16
;ksx
vuqlwph&5 'ks;j iwth

e
la-
fooj.k
vfkd`r iwt
h
10@&#- izR;sd ds 150 djksM+ bfDoVh 'ks;j
fuxZfer iwt
h
vfHknk iwt
h
ekxh xbZ o iznk iwt
h
?kVk, % izkjafHkd [kpZ
2
3
4
;ksx
69

SCHEDULE 5A : PATTERN OF SHARE HOLDING

(AS CERTIFIED BY THE MANAGEMENT)
SN
Shareholders
A.
1
PROMOTERS - INDIAN
General Insurance Corporation of India
National Agriculture Bank for Rural

Development
National Insurance Company Ltd.
& its nominee
The Oriental Insurance Company Ltd.
United India Insurance Company Ltd.
The New India Assurance Company Ltd.
& its nominee
3
4
5
6
Current Year
31.03.13
Number of
% of
Shares (000) Holding
TOTAL:
B.
70000
35%
70000
35%
60000
30%
60000
30%
17500
17500
17500
8.75%
8.75%
8.75%
17500
17500
17500
8.75%
8.75%
8.75%
17500
8.75%
17500
8.75%
200000
100%
200000
100%
NIL
NIL
NIL
NIL
200000
100%
200000
100%
PROMOTERS - FOREIGN
TOTAL
Previous Year
31.03.12
Number of
% of
Shares (000) Holding
SCHEDULE 6 : RESERVES & SURPLUS

SN
Particulars
1
2
3
4
Capital Reserve
Capital Redemption Reserve
Share Premium
General Reserve
Opening Balance
Less:Charge on account of transitional
provisions under Accounting Standard 15
Add: Profit transferred during the year
Catastrophe Reserve
Other Reserves
Balance of Profit in Profit & Loss Account
5
6
Current Year
31.03.13
( 000)
Previous Year
31.03.12
( 000)
0
0
0
13959014
TOTAL
0
0
0
9228283
0
3482119 17441133
0
0
0
17441133
0
4730731 13959014
0
0
0
13959014
SCHEDULE 7 : BORROWINGS
SN
Particulars
1
2
3
4
Debentures & Bonds

Banks (Secured against Deposits)
Financial Institutions
Others
Current Year
31.03.13
( 000)
TOTAL
70
Previous Year
31.03.12
( 000)
0
0
0
0
0
0
0
0
0
0

vuqlwph & 5d% 'ks;jkkj.k dk Lo:i

(izcaku }kjk ;Fkk izekf.kr)
e
la-
'ks;jkkjd
d1
2
3
laokZd&Hkkjrh;
Hkkjrh; lkkkj.k chek fuxe
jk"Vh; d`f"k vkSj xzkeh.k fodkl cSd
a
us'kuy b';ksjl
as dEiuh fyvkSj blds euksuhr
fn vksfj;UVy b';ksjl
as dEiuh fy;qukbZVVs bf.M;k b';ksjl
as dEiuh fyfn U;w bf.M;k b';ksjl
as dEiuh fyvkSj blds euksuhr
4
5
6
pkyw o"kZ
31-03-13
'ks;jkas dh % vkfkiR;
la[;k (^000)
;ksx
[k
fons'kh laokZd
;ksx
xr o"kZ
31-03-12
'ks;jkas dh % vkfkiR;
la[;k (^000)
70000
60000
35%
30%
70000
60000
35%
30%
17500
17500
17500
8-75%
8-75%
8-75%
17500
17500
17500
8-75%
8-75%
8-75%
17500
200000
'kqU;
200000
8-75%
100%
'kqU;
100%
17500
200000
'kqU;
200000
8-75%
100%
'kqU;
100%
vuqlwph & 6 vkjf{kfr;k rFkk vfk'ks"k

e
la1
2
3
4
5
6
fooj.k
pkyw o"kZ
31-03-13
( ^000)
0
0
0
iwt
h vkjf{kr
iwt
h ifj'kksku vkjf{kr
'ks;j izhfe;e
lkekU; vkjf{kr
izkjfEHkd 'ks"k
?kVk, % ys[kkadu ekud 15 ds rgr lakafrdkyhu
izkokkuks ij izHkkj
tksM+s % o"kZ ds nkSjku ykHk varj.k
vkink vkjf{kr
vU; vkjf{kr
ykHk vkSj gkfu [kkrs esa 'ks"k ykHk
13959014
;ksx
xr o"kZ
31-03-12
( ^000)
0
0
0
9228283
0
3482119 17441133
0
0
0
17441133
0
4730731 13959014
0
0
pkyw o"kZ
31-03-13
( ^000)
0
0
0
0
0
xr o"kZ
31-03-12
( ^000)
0
0
0
0
0
13959014
vuqlwph & 7 mkkj jkf'k;k

e
la1
2
3
4
fooj.k
.k i=k vkSj ckW.M

cSd
a (tekvksa ij vkjf{kr)
fokh; laLFkk,
vU;
;ksx
71

SCHEDULE 8 : INVESTMENTS
SN
Particulars
A.
1
LONG TERM INVESTMENTS

Government Securities and
Govt. Guaranteed Bonds including Treasury Bills
Other Approved Securities - Housing Sector Bonds
Other Investments:
a)
Shares
(i)
Equity
(ii)
Preference
b)
Mutual Funds
c)
Derivative Instruments
d)
Debentures/Bonds
e)
Other Securities-Tier II Bonds
f)
Subsidiaries
g)
Investment in Properties - Real Estate
Investments in Infrastructure & Social Sector
Other than Approved Securities
2
3
4
5
Sub - Total (A)

B.
1
2
3
4
5
SHORT TERM INVESTMENTS

Government Securities and
Govt. Guaranteed Bonds including Treasury Bills
Other Approved Securities - Housing Sector Bonds
Other Investments:
a)
Shares:
(i)
Equity
(ii)
Preference
b)
Mutual Funds
c)
Derivative Instruments
d)
Debentures/Bonds
e)
Other Securities (Commercial Papers)
f)
Subsidiaries
g)
Investment in Properties - Real Estate
Investments in Infrastructure & Social Sector
Other than Approved Securities
Sub - Total (B)
GRAND TOTAL (A+B)
Current Year
31.03.13
( 000)
Previous Year
31.03.12
( 000)
12495773
3532860
9657476
2496753
299587
0
0
0
1599086
120000
0
0
4797852
0
326417
0
0
0
650000
120000
0
0
4421223
0
22845158
17671869
290359
400000
59946
506893
0
0
61823
0
50000
298964
0
0
190007
0
0
0
1107276
0
0
292025
0
0
397475
0
1291153
2363615
24136311
20035484
Note: A provision of 95490 thousand (Previous Year 73640 thousand) on Standard Assets in respect of
investment in Debentures/Bonds appears under item 5 (iv) in Schdule 14.
Market Value of Investments on 31.03.2013
Less: Fair Value Change Account
Book Value of Investments as on 31.03.2013
72
39867620
32199556
(73414)
(37935)
39941034
32237491

vuqlwph & 8 fuos'k

e
lad
1
2
3
4
5
[k
1
2
3
4
5
fooj.k
nh?kZdkyhu fuos'k
ljdkjh izfrHkwfr;k vkSj
ljdkjh izR;kHkwr ckW.M ljdkjh gq.Mh lfgr
vU; vuqeksfnr izfrHkwfr;k & vkoklh; {ks=k ds ck.M
vU; fuos'k
d) 'ks;j
(i) bfDoVh
(ii) vfkeku
[k) E;wpv
q y iQ.M
x) O;qRiUu nLrkost
?k) .ki=k rFkk ck.M
M) vU; izfrHkwfr;k & fV;j II ck.M
p) vuq"kaxh
ifjlEifr esa fuos'k & vpy lEink
vkkkjHkwr lajpuk rFkk lkekftd {ks=k esa fuos'k
vuqeksfnr izfrHkwfr ds vykok
mi & ;ksx (d)
vYidkyhu fuos'k
ljdkjh izfrHkwfr;k vkSj
ljdkjh izR;kHkwr ck.M ljdkjh gq.Mh lfgr
vU; vuqeksfnr izfrHkwfr;k vkoklh; {ks=k ck.M
vU; fuos'k
d) 'ks;j
(i) bfDoVh
(ii) vfkeku
[k) E;wpv
q y iQ.M
x) O;qRiUu nLrkost
?k) .ki=k rFkk ck.M
M) vU; izfrHkwfr;k & okf.kT; i=k
p) vuq"kaxh
N) ifjlEifk;ksa esa fuos'k & vpy leink
vkkkjHkwr lajpuk rFkk lkekftd {ks=k esa fuos'k
vuqeksfnr izfrHkwfr ds vykok
mi&;ksx ([k)
dqy ;ksx (d$[k)
pkyw o"kZ
31-03-13
( ^000)
xr o"kZ
31-03-12
( ^000)
12495773
3532860
9657476
2496753
299587
0
0
0
1599086
120000
0
0
4797852
0
22845158
326417
0
0
0
650000
120000
0
0
4421223
0
17671869
290359
400000
59946
506893
0
0
61823
0
50000
298964
0
0
190007
0
0
0
1107276
0
0
292025
0
0
397475
0
1291153
2363615
24136311
20035484
fMoSp
a j @ ckW.M ds fuos'k esa ekud ifjlEifk;ksa ij 95490 gtkj (xr o"kZ 73640 gtkj) dk izkokku dks vuqlp
w h &14 ds vkhu
en 5 (iv) esa n'kkZ;k x;k gSA
31-3-2013 dks fuos'k dk cktkj ewY;
?kVk,a % mfpr ewY; ifjorZu [kkrk
fuos'k dk [kkrk ewY; 31-3-2013 dks
39867620
(73414)
39941034
73
32199556
(37935)
32237491

SCHEDULE 9 : LOANS
SN
Particulars
1
A.
SECURITY-WISE CLASSIFICATION
Secured:
a)
On mortgage of Property:
(i)
In India
(ii)
Outside India
b)
On Shares, Bonds, Government Securities
c)
Others
(i)
Loans to Staff
Unsecured
TOTAL
BORROWER-WISE CLASSIFICATION
a)
Central & State Governments
b)
Banks & Financial Institutions
c)
Subsidiaries
d)
Industrial Undertakings
e)
Others(Loans to Staff)
TOTAL
B.
Current Year
31.03.13
( 000)
Previous Year
31.03.12
( 000)
0
0
0
0
0
0
19215
0
19215
11919
0
11919
0
0
0
0
19215
19215
0
0
0
0
11919
11919
PERFORMANCE-WISE CLASSIFICATION
a)
Loans classified as Standard:
(i)
In India
(ii)
Outside India
b)
Non-Performing Loans, less provisions:
(i)
In India
(ii)
Outside India
TOTAL
19215
0
11919
0
0
0
19215
0
0
11919
MATURITY-WISE CLASSIFICATION
a)
Short Term
b)
Long Term
TOTAL
0
19215
19215
0
11919
11919
74

vuqlwph & 9 .k
e
la1
d-
[k-
fooj.k
pkyw o"kZ
31-03-13
( ^000)
xr o"kZ
31-03-12
( ^000)
0
0
0
0
0
0
dqy
19215
0
19215
11919
0
11919
dqy
0
0
0
0
19215
19215
0
0
0
0
11919
11919
19215
0
11919
0
dqy
0
0
19215
0
0
11919
dqy
0
19215
19215
0
11919
11919
izfrHkwfr ds vkkkj ij oxhZdj.k

izfrHkwr
d) lEifk ds cUkd ij
(i) Hkkjr esa
(ii) Hkkjr ds ckgj
[k) 'ks;j] ckW.M] ljdkjh izfrHkwfr;ksa esa
x) vU;
(i) deZpkfj;ksa dks .k
vizfrHkwr
.kdrkZ ds vkkkj ij oxhZdj.k

d) dsUnzh; rFkk jkT; ljdkjsa
[k) cSd
a rFkk fokh; laLFkku
x) vuq"kaxh
?k) vkS|ksfxd mie
M+) vU; (deZpkjh;ksa dks .k)
fu"iknu ds vkkkj ij oxhZdj.k

d) ekud .k
(i) Hkkjr esa
(ii) Hkkjr ds ckgj
[k) xSj fu"iknu .k] de izkokku
(i) Hkkjr esa
(ii) Hkkjr ds ckgj
ifjiDork ds vkkkj ij oxhZdj.k

d) vYidkyhu
[k) nh?kZdkyhu
75
(B)
(A)
76
7162
Leasehold Improvement
320846
308229
GRAND TOTAL (A)+(B)
PREVIOUS YEAR
69336
408042
1165
56719
55520
53266
320846
673368
1685
1685
53786
48813
TOTAL (B)
1165
49333
Capital Work in Progress

-Software
4453
671683
4453
2254
140180
7162
6511
6804
16815
121410
12098
360703
Capital Work in Progress

-Hardware
406877
2249
267060
63590
1405
845
4231
10000
2717
324089
As at
31.03.13
Capital Work In Progress
TOTAL (A)
Computer Software
76590
5111
Elec.Equip.& Fittings
Intangible Assets
5959
14833
Vehicles
Office Equipments
111410
9381
36614
Cost/Gross Block
Add:
Less:
As at
Additions
Sale/
01.04.2012 during
Deduction /
the year
Discarded
during
the year
I.T. Equipments
Furniture & Fixtures
Buildings
Tangible Assets
Particulars
73305
123168
123168
24511
7162
2515
3146
5054
62403
6256
12121
As at
01.04.2012
51786
61141
61141
30359
396
592
3184
20885
1296
4429
( 000)
Net Block
1923
1712
1712
1709
123168
182597
182597
54870
7162
2908
3738
6529
83288
7552
16550
197678
490771
1685
1685
489086
85310
3603
3066
10286
38122
4546
344153
234924
197678
53786
49333
4453
143892
52079
2596
2813
9779
49007
3125
24493
On sale/
Up to
As at
As at
adjustment 31.03.13 31.03.13 31.03.2012
Depreciation
For
the
current
Year
SCHEDULE 10 : FIXED ASSETS
77
53786
320846
308229
;ksx ([k)
dqy ;ksx (d)$([k)
xr o"kZ
69336
408042
1165
1165
56719
55520
53266
48813
73305
123168
673368
320846
123168
24511
7162
2515
3146
5054
62403
6256
12121
01-04-2012
dks
1685
1685
49333
fuekZ.kkkhu iwt
a hxr dk;Z
&lkWVos;j
4453
671683
4453
2254
140180
7162
6511
6804
fuekZ.kkkkhu iwt
hxr dk;Z
&gkMZo;s j
406877
16815
121410
12098
360703
267060
63590
845
2249
31-03-13
dks
fuekZ.kkkhu iwt
a hxr dk;Z
dEI;wVj lkWVos;j
76590
7162
;ksx (d)
5111
fo|qr midj.k vkSj ejEer
iV~Vs lqkkj midj.k
1405
5959
dk;kZy; midj.k
4231
14833
okgu
10000
2717
111410
9381
iQuhZpj vkSj tqMukj
324089
ykxr@ldy CykWd
tksM+s
?kVk,
o"kZ ds
o"kZ ds
nkSjku
nkSjku
tqMha
fch@?kVh@
gVkbZ xbZ
lwpuk izk|
S ksfxdh midj.k
36614
01-04-2012
dks
Hkou
ewrZ ifjlEifk;k
([k) vewrZ ifjlEifk;k
(d)
fooj.k
vuqlwph & 10 LFkk;h ifjlEifk;k
51786
61141
61141
30359
396
592
3184
20885
1296
4429
pkyw
o"kZ
ds fy,
1923
1712
1712
1709
fch@
lek;kstu
ij
ewY;kgkl
123168
182597
182597
54870
7162
2908
3738
6529
83288
7552
16550
31-03-13
rd
197678
490771
1685
1685
489086
85310
3603
3066
10286
38122
4546
344153
31-03-13
dks
( 000)
234924
197678
53786
49333
4453
143892
52079
2596
2813
9779
49007
3125
24493
31-03-2012
dks
fuoy Cykd


SCHEDULE 11 : CASH AND BANK BALANCES

SN
Particulars
1
2
Cash (including Cheques,Drafts & Stamps)

Bank Balances
a)
Deposit Account
(aa) Short term (due within 12 months)
(i) Fixed Deposit
(ii) Flexi Deposit
(bb) Others
(i) Fixed deposit (due for more than 12 months)
b)
Current Accounts
c)
Others
Money at Call and Short Notice
a)
With Banks
b)
With Other Institutions
Others
TOTAL
Current Year
31.03.13
( 000)
Previous Year
31.03.12
( 000)
94
13462450
277248
12063890
35
2171250
557692
375
0
201016
105
0
0
0
0
0
0
16469020
12265140
SCHEDULE 12 : ADVANCES AND OTHER ASSETS

SN
Particulars
A.
1
2
3
4
5
ADVANCES
Reserve Deposits with Ceding Companies
Application Money for Investments
Pre-payments
Advances to Directors/Officers
Advance Tax Paid & Taxes Deducted at Source
(Net of Provision for Taxation)
Others:
Advance Rent paid
Sundry Advances
Sub - Total (A)
6
a)
b)
OTHER ASSETS
Income accrued on investments
1(a) Accrued but not due
1(b) Accrued and due
1(c) Income accrued on flexi deposit
2
Outstanding Premium
3
Agents Balances
4
Due from other entities carrying on Insurance
Business (including reinsurers)
5
Due from subsidiaries/holding company
6
Deposit with Reserve Bank of India
(Pursuant to Section 7 of Insurance Act, 1938)
Current Year
31.03.13
( 000)
Previous Year
31.03.12
( 000)
0
0
30466
1827
0
0
23406
3859
355861
3570
3383
395107
0
251
27516
1396776
1210
3826
0
0
1155860
0
0
0
0
81401
0
234660
0
97609
100182
B.
78

vuqlwph & 11 % udn ,oa cSad 'ks"k

e
la1
2
3
4
fooj.k
udn (psd] MkV o LVkEi lfgr)

cSd
a 'ks"k
d) tek [kkrs
(v) vYidkyhu (12 eghus ds vanj ns;)
(i) lkofk tek
(ii) ifjorZuh; tek
(vk) vU;
(i) lkofk tek (12 eghus ds vanj ns;)
[k) pkyw [kkrs
x) vU;
ekxs tkus vkSj laf{kIr uksfVl ij
v) cSd
a ds lkFk
vk) vU; laLFkkuksa ds lkFk
vU;
dqy
pkyw o"kZ
31-03-13
( ^000)
5
xr o"kZ
31-03-12
( ^000)
94
13462450
277248
12063890
35
2171250
557692
375
201016
105
0
0
0
0
0
0
16469020
12265140
pkyw o"kZ
31-03-13
( ^000)
xr o"kZ
31-03-12
( ^000)
0
0
30466
1827
0
0
23406
3859
355861
3570
3383
395107
0
251
27516
1396776
1210
3826
0
0
1155860
0
0
0
0
81401
0
234660
0
97609
100182
vuqlwph &12 vfxze vkSj vU; ifjlEifk;k

e
la-
fooj.k
vfxze
viZ.kdkjh dEifu;ksa ds ikl vkjf{kr tek
fuos'k ds fy, vkosnu jkf'k
iwoZ vnk;xh
funs'kdksa @ vfkdkfj;ksa dks vfxze
vfxze dj Hkqxrku vkSj L=kksr ij dkVk x;k dj
(djkkku ds fy, fuoy izkokku)
6
vU;
v) vfxze fdjk;k Hkqxrku
vk) fofok vfxze
mi&;ksx (d)
d
1
2
3
4
5
[k
1
1
1
2
3
4
5
6
vU; ifjlEifk;k
fuos'k ls mikftZr vk;
(v) izkns Hkwr ysfdu ns; ugha
(vk) izkns Hkwr vkSj ns;
(b) ifjorZuh; tek ij izkns Hkwr vk;
cdk;k izhfe;e
vfHkdrkZvksa dk 'ks"k
chek O;olk; djus okyh vU; dEifu;ksa ls
ns; (iquchZekdrkZvksa lfgr)
vuq"kaxh dEifu;k@gksfYMax dEiuh ls
Hkkjrh; fjt+oZ cSd
a ds ikl tek
(chek vfkfu;e 1938 dh kkjk 7 ds vuq:i)
79

7
a)
b)
c)
d)
e)
f)
g)
h)
Others:
Sundry Deposits
Advance against Capital Assets
Short Collection of Premium
Premium Receivable
Others (Adhoc payment to Govt. of India)
Government (Centre/States/Uts/Coffee Board)
Sundry Debtors
Cenvat Credit Receivable
Sub - Total (B)
GRAND TOTAL (A+B)
34270
17897
140319
0
2000000
5384871
20744
23387
9202310
9597417
33110
15943
14551
0
2000000
1812246
25189
25137
5416878
5444394
SCHEDULE 13 : CURRENT LIABILITIES

SN
Particulars
Current Year
31.03.13
( 000)
Previous Year
31.03.12
( 000)
Agents Balances
Balance Due to other Insurance Companies
1082383
344549
Deposits held on Reinsurance Ceded
Premium received in advance
Unallocated Premium
Sundry Creditors
76290
60493
160398
208743
730955
503964
16329620
10996402
a)
Cheques issued to insured, but not encashed
b)
Sundry Creditors, other than 6(a)
Due to Subsidiary/Holding Company
Claims Outstanding
a)
Claims settled but not paid
b)
Claims outstanding, other than 8 (a)
Due to Officers/Directors
10
OTHERS:
a)
Excess Collection of Premium
139312
98704
b)
Expenses Payable
369999
236132
c)
Earnest Money Deposit
965
2445
d)
Government (Centre/States/Uts/Coffee Board)
4182060
1920613
23071982
14372045
TOTAL
Note: Total unclaimed amount of Policyholders/Insureds comprises of the items under 6(a), 8(a), 10(a)
80

7
d)
[k)
x)
?k)
M)
p)
N)
t)
vU;
fofok tek
iwt
a hxr vkfLr;ksa ds cnys vfxze
izhfe;e dh vYi olwyh
izkI; izhfe;e
vU; (Hkkjr ljdkj dks rnFkZ Hkqxrku)
ljdkj (dsUnz@jkT;@dsUnz'kkflr izn's k@dkWiQh cksM)Z
fofok nsunkj
lSuoSV izkI; sfMV
mi & ;ksx ([k)
dqy ;ksx (d$[k)
34270
17897
140319
0
2000000
5384871
20744
23387
9202310
9597417
33110
15943
14551
0
2000000
1812246
25189
25137
5416878
5444394
pkyw o"kZ
31-03-13
( ^000)
0
1082383
0
0
0
xr o"kZ
31-03-12
( ^000)
0
344549
0
0
0
76290
160398
0
60493
208743
0
730955
16329620
0
503964
10996402
0
139312
369999
965
4182060
23071982
98704
236132
2445
1920613
14372045
vuqlwph & 13 pkyw ns;rk,

e
la1
2
3
4
5
6
7
8
9
10
fooj.k
vfHkdrkZvksa ds 'ks"k
vU; chek daifu;ksa dks ns; jkf'k
vfiZr iquchZek ij tek jkf'k
vfxze izkIr izhfe;e
vfofu;ksftr izhfe;e
fofok ysunkj
v) chekkkjd dks psd tkjh fdUrq Hkquk, ugha x,
vk) 6 (v) ds vfrfjDr fofok ysunkj
vuq"kaxh@gksfYMax dEifu;ksa dks ns;
cdk;k nkos
v) fuiVk, nkos ysfdu Hkqxrku ugha gqvk
vk) 8 (v) ds vfrfjDr cdk;k nkos
funs'kdks@a vfkdkfj;ksa dks ns;
vU;
v) izhfe;e dh vkfkD; olwyh
vk) ns; [kpsZ
b) c;kuk jkf'k
bZ) ljdkj (dsUnz@jkT;@dsUnz'kkflr izn's k@dkWiQh cksM)Z
dqy
uksV % ikfylhkkjdksa @chfer dEifu;ksa dh vkfookfnr jkf'k;k 6(v)] 8(v)] o 10 (v)] enksa ds vUrxZr 'kkfey gSAa
81

SCHEDULE 14 : PROVISIONS
SN
Particulars
Current Year
31.03.13
(
Previous Year
31.03.12
000)
( 000)
7976931
6785511
1.
Reserve for Unexpired Risk
2.
For Taxation (Net of Advance Tax & TDS)
421459
3.
For Proposed Dividend
250000
4.
For Dividend Distribution Tax
40556
5.
Others:
112986
91353
47
47
i)
Provision for Retirement Benefits
ii)
Provision for Doubtful Debts
iii)
Provision for Premium Defalcation
18733
18733
iv)
Provision on Standard Assets
95490
73640
v)
Provision for Outstanding Expenses
23670
11221
vi)
Provision for Loyalty Discount
52
8227909
7692520
TOTAL
SCHEDULE 15 : MISCELLANEOUS EXPENDITURE

(To the extent not written off)
SN
Particulars
Current Year
31.03.13
( 000)
Previous Year
31.03.12
( 000)
1.
Discount allowed in issue of shares
Research & Development Expenses
Preliminary Expenses
Others
TOTAL
82

vuqlwph & 14 izkokku

e
la12345-
fooj.k
vlekIr tksf[keksa ds fy, vkjf{kr

djkkku ds fy, (fuoy&vfxze dj ,oa lzkrs ij dj)
izLrkfor ykHkka'k gsrq
ykHkka'k forj.k dj gsrq
vU;
i) lsokfuo`fk ykHk gsrq izkokku
ii) lafnXk .kksa ds fy, izkokku
iii) izhfe;e [k;kur ij izkokku
iv) ekud vkfLr;ksa ij izkokku
v) cdk;k O;; dk izkokku
vi) ykW;YVh fMLdkmaV ds fy, izkokku
;ksx
pkyw o"kZ
31-03-13
( ^000)
7976931
0
0
0
xr o"kZ
31-03-12
( ^000)
6785511
421459
250000
40556
112986
47
18733
95490
23670
52
8227909
91353
47
18733
73640
11221
0
7692520
pkyw o"kZ
31-03-13
( ^000)
0
0
0
0
0
xr o"kZ
31-03-12
( ^000)
0
0
0
0
0
vuqlwph & 15 fofok [kpZ

(ftudks cV~Vs&[kkrs esa ugha Mkyk x;k)
e
la1
2
3
4
fooj.k
'ks;j tkjh djus esa nh x;h NwV

vuqla kku ,oa fodkl O;;
izkjfEHkd [kpZ
vU;
;ksx
83

Annexure 1
SIGNIFICANT ACCOUNTING POLICIES

1
Accounting Convention
1.1
The Balance Sheet, Profit & Loss Account and Revenue Account are drawn up in accordance with the
provisions of Section 11 (1) of the Insurance Act, 1938, read with the provisions of sub-sections (1), (2) and
(5) of Section 211 and sub-section (5) of Section 227 of the Companies Act, 1956
1.2
The Financial Statements conform to the stipulations specified under the Insurance Regulatory and
Development Authority (Preparation of Financial Statements and Auditors Report of Insurance Companies)
Regulations, 2002, to the extent applicable
1.3
The said statements are prepared on Historical Cost convention, on Accrual & Going Concern basis,
in accordance with the generally accepted Accounting Principles, and other Statutory provisions and
practices prevailing in the general insurance industry in India, to the extent applicable, complying with the
Accounting Standards issued under The Companies (Accounting Standards) Rules, 2006 and the relevant
provisions of the Companies Act, 1956, except as stated otherwise.
Policyholders Fund and Shareholders Fund
2.1
The Policyholders Fund includes Technical Reserves (including Reserve for Unexpired Risks) and Provision
for Outstanding Claims (including IBNR & IBNER).
2.2
The Shareholders Fund includes Share Capital, General Reserve, any other free Reserve, balance in
Profit & Loss A/c and Capital Reserves.
Revenue Recognition
3.1
Premium is recognized, net of reinsurance, based on assumption of risk, in the Revenue Account. In
respect of Government Schemes being implemented by the Company, premium is recognized upon
remittance received from the Nodal Banks out of such premium collected by them. Risk however is
assumed in accordance with the provisions of the relevant Scheme, notwithstanding the delay, if any, in
receipt of premium by the Company from the nodal agencies/ Central / States/ UTs Government/ Government
Agencies, as allowed by IRDA vide its letter no. 34-1/IRDA/Act1/IBNR/AIC/2009-10 dated 26/08/2010.
3.2
Premium refunds/adjustments are accounted for on the basis of endorsements passed during the year.
3.3
Interest Income is accounted for on accrual basis in respect of investments in Fixed Deposits with Banks,
Government Securities, Bonds & other Instruments.
3.4
Dividend is accounted for in the year when the right to receive has been established. Dividend/Interest on
Shares/Debentures pending delivery/under objection is accounted for on realization. Interim Dividend is
accounted for where the warrants are issued by 31st March of the concerned financial year
Fixed Assets
Fixed assets are stated at cost less accumulated depreciation. Cost includes the purchase price and any
cost directly attributable to bringing the asset to its working condition for its intended use. Subsequent
expenditure incurred on fixed assets is expensed out except where such expenditure increases the future
benefits from the existing assets.
Renovation of leased premises is accounted for as revenue expenditure. Expenditure towards capital
items of movable nature is capitalized.
4.1
Depreciation on Fixed Assets: Depreciation on Fixed Assets is charged on Written Down Value at the
rates specified in Schedule XIV of the Companies Act, 1956. Depreciation on addition / deletion of Fixed
Assets during the year is charged on pro-rata basis. Assets costing up to 5,000 (Rupees five thousand)
are fully depreciated in the year of acquisition.
4.2
Intangible Assets: Intangible assets are recognized when it is probable that future economic benefit
attributable to the assets will flow to the company and the cost of the assets can be measured reliably.
Such assets are stated at cost less accumulated amortization.
84

vuqyXud &1
egRoiw.kZ ys[kk uhfr;k

1
ys[kk ijEijk
1-1
rqyu i=k] ykHk gkfu [kkrk vkSj jktLo [kkrk chek vfkfu;e 1938 dh kkjk 11(1) ds lkFk ifBr dEiuh vfkfu;e 1956 kkjk
227 dh mi kkjk (5) vkSj kkjk 211 dh mikkjk (1) (2) o (5) ds izkokkuksa ds vuq:i rS;kj fd, x, gSAa
1-2
fokh; fooj.k] chek fofu;ked vkSj fodkl izkfkdj.k ds vkhu (chek dEifu;ksa ds fokh; fooj.k vkSj ys[kk ijh{kk fjiksVZ dh
rS;kjh) fofue; 2002] ykxw lhek rd] fofufnZ"V vuqca kksa dh iqf"V djrs gSAa
1-3
mDr fooj.kksa dh rS;kjh ^^,sfrgkfld ykxr** ijEijk ij] ^îzkns Hkou** o ^^pkyw izfr"Bku** ds vkkkj ij dEiuh vfkfu;e 1956
ds laxr izkokkuksa vkSj dEiuh (ys[kk ekud) fu;e 2006 ds vkhu tkjh ys[kk ekudksa dk vuqikyu ykxw lhek rd] djrs gq, vkSj
Hkkjr esa lkekU; chek m|ksx esa izpfyr ifr;ks]a vU;Fkk mfYyf[kr ds vuq:i dqN vioknksa ds vuqlkj rS;kj fd;k x;k gSA
2-
ikfylhkkjdkas dh fufk o va'kkkjdks dh fufk
2-1
ikfylhkkjdksa dh fufk esa vkj{kh rduhd lfgr (vlekIr tksf[ke ds fy, dks"k lfgr) vkSj cdk;k nkoksa ds fy, izkokku
(vkbZch,uvkj vkSj vkbZch,ubZvkj lfgr)
2-2
va'kkkjdksa dh fufk es]a va'k iwt

a h] lkekU; vkjf{kr dks"k] vU; dksbZ eqDr vfjf{kr dks"k] ykHk gkfu [kkrs esa 'ks"k o vkj{kh iwt
a h
lfEefyr gSA
3-
jktLo ekU;rk
3-1
izhfe;e dks ekU;rk] fuoy iquchZek] tksf[ke ds vkdyu ds vkkkj ij] jktLo [kkrs esa nh tkrh gSA ljdkjh ;kstukvksa ds lanHkZ
esa dEiuh }kjk ykxw] ljdkjh ;kstukvksa ds lanHkZ esa uksMy cSd
a }kjk] dEiuh }kjk ykxw] ljdkjh ;kstukvsa ds lanHkZ esa uksMy cSd
a
}kjk mlls Hksth xbZ jde dh izkfIr ds mijkUr gh izhfe;e dks ekU;rk nh tkrh gSA tcfd tksf[ke] lEcfUkr ;kstuk ds izkokkuksa
ds vuqlkj fcuk fdlh nsjh ds vokkfjr fd;k tkrk gSA dsUnzd vfHkdj.k@dsUnzh;@jkT;@la?k 'kkflr jkT; ljdkjks@a ljdkjh vfHkdj.kka]s
tSlk fd vkbZ vkj Mh , ds i=k la- 34&1@vkbZvkjMh, ,DV1@vkbZch,uvkj@,vkbZlh@2009&10 fnukad 26@8@2010 }kjk vuqefr gS]
ls dEiuh }kjk izhfe;e izkfIr esa ;fn dksbZ nsjh gS ls ljksdkj u j[krs gq,A
3-2
o"kZ ds nkSjku tkjh i`"Bkaduksa ds vkkkj ij izhfe;e okilh@lek;kstu dk ys[kkadu fd;k tkrk gSA
3-3
cSd
a esa fe;knh tek] ljdkjh izfrHkwfr;ks]a ck.M] o vU; izi=kksa ij izkns Hkwr vkkkj ij] C;kt vk; dk ys[kkadu fd;k tkrk gSA
3-4
o"kZ ds fy, tc izkIr djus dk vfkdkj eatjw gks tkrk gS ykHkka'k dk ys[kkadu fd;k tkrk gSA ykHkka'k@va'kkas ij C;kt@fMcsp
a j
lqinq xZ h esa nsjh@ vkifk ds vkhu dks olwyh gksus rd ds fy, ys[kkafdr fd;k tkrk gSA lEcfUkr fokh; o"kZ ds 31 ekpZ rd
tkjh vfki=k ds fy,] vUrfje ykHkka'k dk ys[kkadu fd;k tkrk gSA
4-
LFkkbZ ifjlEifr;k
LFkkbZ ifjlEifr;ksa dks lap;h ewY;kl ?kVkus ds ckn ykxr ij n'kkZ;k tkrk gSA ykxr esa ; ewY; vkSj dksbZ ,slh ykxr tks lEifk
dks okLrfod iz;ksx esa ykus ds fy, izR;{k lEcUk j[krh gS]a ykxr esa lfEefyr gSA lEifk ij ckn esa fd, x, O;; dks [kpZs
esa Mky fn;k tkrk gS flok, mu O;; dks NksMd
+ j] tks fo|eku lEifk ls] Hkfo"; ds fgrksa esa o`f djrs gSAa
iV~Vs ij fy, x, ifjlj ds uohuhdj.k dks jktLo O;; ds fy, ys[kkafdr fd;k tkrk gSA py izdf` r dh iwt
a hxr enksa ds O;;
dks iwt
a hxr fd;k tkrk gSA
4-1
LFkkbZ lEifk ij ewY;kl % LFkkbZ ifjlEifr;ksa ij ewY;kl] ?kVrh gqbZ dher ij] tSlk fd dEiuh vfkfu;e 1956 dh
vuwlp
w h&XIV esa nj fukkZfjr gS] izHkkfjr fd;k tkrk gSA o"kZ ds nkSjku c<+kbZ xbZ@de dh xbZ LFkkbZ ifjlEifk;ksa ij ;Fkkuqikr
ewY;kl yxk;k tkrk gSA 5000 rd ykxr dh lEifk;ksa dks mlh o"kZ esa iwjk ewY;kl dj fn;k tkrk gSA
4-2
vewrZ vkfLr;k% tc ;g laHkkfor gks fd lEifk dks ckVs x, vkfFkZd fgr] Hkfo"; esa dEiuh dks vkxs c<+k,axs vkSj lEifk dh
ykxr ds mik; Hkjksles Un gks ldrs gSa dks vewrZ lEifk dh ekU;rk nh tkrh gSA ,slh lEifk;ksa dks ewY; kflr ykxr ij ifj'kksfkr
fd;k tkrk gSA
85

4.3
Amortization of Intangible Assets: Computer software which is not an integral part of the related hardware
is classified as Intangible Asset and is amortized over its estimated useful life not exceeding the period of
thirty six months.
4.4
Impairment of assets: Management periodically assesses, using external and internal sources, whether
there is any indication that an asset may be impaired. Impairment occurs where the carrying value exceeds
the present value of future cash flows expected to arise from the continuing use of the asset and its
eventual disposal. The impairment loss to be expensed is determined as the excess of the carrying
amount over the higher of the assets net sales price or present value as determined above. If at the
balance sheet date there is an indication that a previously assessed impairment loss no longer exists, the
recoverable amount is reassessed and the asset is reflected at the recoverable amount, subject to a
maximum of depreciable historical cost.
Investments
5.1
Investment in debt securities including Government Securities are considered as held to maturity securities
and are valued at historical cost. In terms of IRDA regulations the premium paid or discount earned at the
time of acquisition of such securities is amortized or accrued, as the case may be, over the residual
period of maturity.
5.2
Investments in Mutual Funds are valued at Net Asset Value (NAV) at the year end and the difference
between cost/book value and NAV is accounted for in Fair Value Change Account. However, if there is
impairment in value, the same is charged to Revenue and the book value of investment is reduced accordingly.
Any reversal of impairment loss earlier recognized is taken to Revenue Account to the extent of reduction
in impairment loss recognized earlier.
5.3
Investment Portfolio in respect of Equity / Equity related instruments is segregated into Actively Traded
and Thinly Traded as prescribed by IRDA Regulations. A security is treated as thinly traded taking into
consideration the prescribed SEBI guidelines governing mutual funds.
5.4
Actively traded equity / equity related instruments are shown at their Fair Value. Fair Value for this
purpose is the lower of the closing prices at NSE and BSE on the Balance Sheet date, as per IRDA
Regulations and the net unrealized gain/loss on such valuation is reflected in the Fair Value Change
Account. On realization it is reported in the Profit & Loss Account and un-realized gains/losses arising
due to changes in the fair value of actively traded equity shares are accounted in Fair Value Change
Account. Pending realization, the credit balance in the Fair Value Change Account is not available for
distribution.
5.5
Cost of sales: In case of equity, cost of sales is the Weighted Average Cost of the investment and in case
of debt securities the cost of sales is the amortized cost of investment.
5.6
Investment in thinly traded equity shares and unlisted equity shares are shown at cost. However, difference
between cost and break-up value is provided for as diminution in value. If the break-up value is negative
then the provision is made for the entire cost. Further, if the published accounts of an unlisted company
are not available for last three accounting years ending on or immediately preceding the date of working
out diminution in value, then provision is made for the entire cost.
5.7
Investment in listed Equity/Equity related instruments/Preference Shares made in those companies which
are making losses continuously for the last 3 years and where capital is eroded, are considered to have
impaired in value. Further, if the published accounts of a company are not available for the last three
accounting years ending on or immediately preceding the date of working out the impairment in value, it
is presumed that the value of investment is fully impaired and is written off to a value of 1/- per company.
Valuation of such investments is done as under:-
5.7.1
In respect of other than actively traded Equity Shares, the least of the Cost Price and the Market Price of
Break-up Value provided the Break-up value is positive. However, if the Break-up Value is negative, the
nominal value is taken at 1/- per company
5.7.2
In respect of Preference Shares, if the dividend is not received for the last three years, the Preference
Shares are written down to a value which will bear to its face value, the same proportion as value taken /
which would have been taken for writing down equity shares / bears to the face value of the equity shares.
86

4-3
vewrZ ifjlEifk;ksa dk ifj'kksku % dEI;wVj lkVos;j tks fd lEcfUkr gkMZo;s j (;a=k lkexzh) dk vfoHkkT; vax ugha gS dks
vewrZ lEifk esa oxhZdr` fd;k tkrk gS vkSj bls bldh vkuqekfur mi;ksxh thou] fdUrq 36 ekg ls vfkd ugha] esa ifj'kksfkr
dj fy;k tkrk gSA
4-4
lEifk ds ewY; esa fxjkoV % izcUku le; le; ij vkUrfjd o ck la'kkskuksa }kjk vkdyu djrk gS fd D;k fdlh lEifk
esa fxjkoV (deh) ds ladrs gSAa ewY;ksa esa fxjkoV (deh) rc gksrh gS tc lEifk ds yxkrkj iz;ksx ls mRiUu ;k lEifk ds fuiVku
ls] Hkfo"; gsrq lEHkkfor udn izokg ds orZeku ewY; ls vfkd ij fn[kk;k x;k gks rks lEifk ds ewY; esa fxjkoV gksrh gSA fxjkoV
ls gqbZ gkfu ds [kpsZ dks] fy, tk jgs ewY; dks lEifk ds vfkdre 'kq fo; ewY; ij] ;k tSls ij fuf'pr fd;k x;k gks]
ls fukkZfjr fd;k tkrk gSA ;fn rqyu i=k dh frfFk dks ,slk ladrs feyrk gS fd igys (ihNs) vkdfyr fxjkoV dh gkfu vc
okLro esa ugha gS rks olwy gksus okyh dher dks iqu% vkdfyr fd;k tkrk gS vkSj lEifk dks olwyh ewY; ls izfrfcafcr fd;k
tkrk gS] c'krsZ fd ,sfrgkfld ykxr dks vfkdre lhek rd kflr fd;k tk,A
fuos'k
5-1
.k izfrHkwfr;ksa esa fuos'k ftlesa ljdkjh izfrHkwfr;ksa esa fuos'k Hkh lfEefyr gS ifjiDork izfrHkwfr] dks ekur vkSj ,sfrgkfld ykxr
ij fopkj fd;k tkrk gSA vkbZvkjMh, ds fu;kekuqlkj izhfe;e Hkqxrku o ,slh izfrHkwfr;ksa ds vfkxzg.k ds le; vftZr NwV] tSlk
Hkh ekeyk gks dks ifjiDork dh 'ks"k vofk ij izkns Hkwr o ifj'kksfkr fd;k tkrk gSA
5-2
E;qpv
q y iQaM esa fuos'k dks] o"kZ ds var esa 'kq lEifk ewY; (,u , oh) esa ewY;kafdr dj] ykxr@fdrkc ewY; vkSj ,u , oh
ds chp varj dks mfpr ewY; ifjorZu [kkrs esa ewY;kafdr dj fy;k tkrk gSA rFkkfi] ;fn ewY; esa deh (fxjkoV) vkrh gS rks
mls jktLo [kkrs esa izHkkfjr fd;k tkrk gS vkSj rn~ul
q kj fuos'k ;k [kkrk ewY; de fd;k tkrk gSA fiNys o"kksZ esa ekU;rk izkIr
gkfu esa deh es]a gkfu esa deh dh lhek rd jktLo [kkrs esa fy;k tkrk gSA
5-3
bfDoVh@bfDoVh ls lEcfUkr midj.k ds lEcUk esa fuos'k lafoHkkx dks lf; O;kikj vkSj de O;kikj esa vyx vyx ckaVk tkrk
gSA tSlk fd vkbZ-vkj-Mh-,- fofu;ked esa fofuZfn"V fd;k x;k gSA ,d izfrHkwfr dks] lsch esa fufnZ"V fn'kk funZ's kks]a tks fd E;wpv
q y
iQ.M dks vfHk'kkflr djrk gS ds vuqlkj] dks de dkjksckj ekuk tkrk gSA
5-4
lf; :i ls dkjksckj bfDoVh@bfDoVh lEcfUkr midj.k dks muds mfpr ewY; ij fn[kk;k tkrk gSA ^^mfpr ewY;** ds mns';
ds fy, vkbZ-vkj-Mh-,- fofu;ked ds vuqlkj rqyu i=k dh frfFk dks ,u ,l bZ o ch ,l bZ dh lEifIr ij de ls de dher
dks fy;k tkrk gS vkSj bl rjg ds ewY;kadu dh 'kq volwyh esa o`f@deh dks ^^mfpr ewY; ifjorZu [kkrk** esa izfrfcafcr fd;k
tkrk gSA olwyh ij ;g ykHk gkfu [kkrs esa fn[kk;k tkrk gS vkSj lf; bfDoVh dkjksckj] mfpr dher esa gq, ifjorZu ds dkj.k
volwyh dh o`f@deh dks ^^mfpr ewY; ifjorZu [kkrs** esa ys[kkafdr fd;k tkrk gSA ^^yfEcr olwyh** mfpr ewY; ifjorZu [kkrk**
esa sfMV 'ks"k] forj.k ds fy, miyCk ugha gksrkA
5-5
fch dh ykxr % bfDoVh ds ekeys] fch dh ykxr fuos'k dh Hkkfjr vkSlr ykxr vkSj .k izfrHkwfr;ksa ds ekeys esa fch
dh ykxr fuos'k dh ifj'kksku ykxr gSA
5-6
de dkjksckj bfDoVh 'ks;j vkSj vlwphc bfDoVh 'ks;j esa fuos'k dh ykxr ij fn[kk;k tkrk gSA gkaykfd ykxr vkSj czd
s vi
ewY; ds chp vUrj ds ewY; esa deh] ds :i esa iznku dh tkrh gSA csd
z vi ewY; udkjkRed gS rks izkokku iwjh ykxr ds fy,
fd;k tkrk gSA o"kZ ds vUr esa ;fn rqjUr ewY; esa fxjkoV ij dke djus dh frfFk ;k ,d xSj lwphc dEiuh ds fiNys rhu
o"kksaZ ds izdkf'kr [kkrs miyCk ugha gksus ij iwjh ykxr ds fy, izkokku fd;k tkrk gSA
5-7
,slh lwphc dEifu;k tks yxkrkj 3 o"kks ls ?kkVs dj jgh gaS o ftudh iat
w h .kkRed gS] esa fd, x, fuos'k bfDoVh@bfDoVh
ls lEcfUkr midj.k@vfkekuh 'ks;j ds ewY; esa deh ij fopkj fd;k tkrk gSA vkxs] rqjUr ewY; esa fxjkoV ij de djus dh
frfFk dks] ;k dEiuh ds fiNys 3 o"kks ds izdkf'kr ys[kksa ds miyCk ugha gksus ij fuos'k dh dher esa iw.kZr% deh (fxjkoV)
dks eku fy;k tkrk gS vkSj izfr dEiuh 1@& ewY; ds rgr cV~Vs [kkrs esa Mky fn;k tkrk gSA bl rjg ds fuos'k ds fy, fd;k
x;k ewY;kadu bl rjg gS %&
5-7-1
lf; dkjksckj bfDoVh va'k ds vykok ds lEcUk es]a ykxr ewY; ls de vkSj czd
s vi ewY; ds cktkj ewY; dh rqyuk es]a c'krsZ
fd czd
sz vi ewY; ldkjkRed gksA gkaykfd ;fn czd
s vi ewY; udkjkRed gks rks lkadfs rd ewY; izfr dEiuh 1@& fy;k tkrk gSA
5-7-2
vfkekuh va'kksa ds lEcUk es]a ;fn rhu o"kks ls ykHkka'k dh izkfIr ugha gqbZ gS rks vfkekuh va'k dks vafdr ewY; ls ewY; kflr
dj fy;k tkrk gS] vkSj mrus gh Hkkx dks fy;k tkrk gS tks fd bfDoVh va'k ds fy, fy;k tk ldsA bfDoVh va'k ds vafdr ewY;
87

However, if the Equity Shares are written down to

down to a nominal value of 1/- per company.
1/- per company, Preference Shares are also written
5.8
Collateralized Borrowing and Lending Obligation (CBLO) which is issued at discount to the Face Value,
is treated as Money Market Instrument as per RBI Notification. Discount earned, if any, at the time of
lending through CBLO is shown as income, which is apportioned on time basis.
5.8.1
Provisions for standard/non-performing loans/debt securities are made on the basis of prudential norms
issued by RBI as applicable to Financial Institutions, as required by IRDA.
5.8.2
The investment in Government Securities and Corporate Bonds are considered as standard assets on
which provision @ 0.40% is made.
5.9
In respect of Crop Insurance schemes sponsored by the Government, the income on investment of funds
received from the Government towards specific Funds (viz. NAIS-Corpus Fund) is credited to the relevant
Fund; no credit for investment income, if any, is given to the Government in respect of other amounts
received to meet the financial liabilities under the Scheme as these amounts are meant for implementation
of the Scheme and are required to be kept in readiness for disbursement of claims/meeting out of other
financial obligations at short notice.
5.10
Income from Investments is apportioned between the Revenue Account, Profit and Loss Account, and
the NAIS-Corpus Fund in the ratio of the balances standing in the Policyholders Fund, Shareholders
Fund, & NAIS-Corpus Fund respectively at the beginning of the year.
5.11
Expenses relating to Investments, such as for safe custody, collection of interest/dividend, bank charges,
etc., are apportioned between the Revenue Account and Profit and Loss Account in the ratio of the
balances standing in the Policyholders Fund and Shareholders Fund respectively at the beginning of
the year.
Apportionment of Expenses
Expenses not directly allocable to a particular Insurance Scheme/Product and/or a particular State/UT
are apportioned amongst the relevant Schemes/Products and States/UTs annually on the basis of Gross
Premium.
Short and Excess Collection

Short and Excess Collection of Premium, if any, is accounted for Nodal Bank/Party-wise after adjustment
of Short against Excess of the same Nodal Bank/Party.
Provision in respect of Crop Insurance Business

Provision in this regard is made at the time of annual closing of accounts. Currently, as per the statutory
requirements and the Policy of the Company in force, the following Provisions are made:
Reserve for Unexpired Risks [RUR]
RUR is made to the extent of 50% of Net Premium Income of the year.
Net Premium = Direct Premium + Premium on reinsurance accepted Premium on reinsurance ceded
Provision in respect of Crop Insurance Claims

Provisions are made at the time of annual closing of accounts. The total of the Provision for Outstanding
Claims (including IBNR & IBNER) under NAIS (normal coverage) is not to exceed the Maximum Potential
Liability [MPL] of the Company, as the claims in excess thereof are borne by the Government. Currently,
as per the statutory requirements and the Policy of the Company in force, the following Provisions are
made:
9.1
Provision for Outstanding Claims : Estimated Liability for Outstanding Claims in respect of Crop
Insurance Business is provided for at the year-end, in terms of the concerned scheme/policy provisions.
No Provision is made for claims contested by the claimants through litigation but not acknowledged as
debt by the Company.
In respect of litigation cases, where awards have been made against the Company, appropriate Provisions
are made to the extent of the Companys liability
88

5-8
5-8-1
5-8-2
5-9
5-10
5-11
6-
7-
8-
9-
9-1
dks kkfjr fd;k tk, gkykafd] ;fn bfDoVh va'k dks izfr dEiuh #-1@- ij ewY; kflr fd;k tkrk] rks vfkekuh va'kksa dks Hkh
izfr dEiuh #-1@& ds U;wure ewY; ls ewY; kflr fd;k tkrk gSA
leikf'oZd mkkj vkSj mkkjh ck;rk** (^^dksyksjkbZTM cksjksfbax vkSj ysfa Max vkCyhxs'ku**) (lh ch ,y vks) ftls vafdr ewY;
ds fj;k;rh nj ij tkjh fd;k tkrk gS dks Hkkjrh; fjtoZ cSd
a dh vfklwpuk ds vuqlkj eqnkz cktkj lkku ds :i esa ekuk tkrk
gSA lh ch ,y ds ek;e ls ySfMax ds le;] cV~Vk vtZu ;fn dksbZ gks] dks vk; ds :i esa fn[kk;k tkrk gS] ftls le; ds vkkkj
ij foHkkftr fd;k tkrk gSA
vkbZ vkj Mh , }kjk visf{kr] fokh; laLFkkuksa dks ykxw Hkkjrh; fjtoZ cSd
a (vkj ch vkbZ) }kjk tkjh laons u'khy ekudksa ds vkkkj
ij] lkekU;@vuqRiknd .k@.k izfrHkwfr;ksa ds fy, izkokku fd;k tkrk gSA
ljdkjh izfrHkwfr;ksa vkSj fuxfer cak i=k (ckW.M) dks ekud lEifk ds rkSj ij fopkj fd;k tkrk gS ftl ij #- 0-40% ij izkokku
fd;k tkrk gSA
ljdkj }kjk izk;ksftr iQly chek ;kstuk ds lEcUk es]a ljdkj ls fufnZ"V fufk;ksa (vFkkZr~ ^^,u , vkbZ ,l & dkiZl iQaM**)
ds fy, izkIr fufk;ksa ls fuos'k ij vk; dks] lEcfUkr fufk esa sfMV (tek) fd;k tkrk gSA ;kstuk ds vkhu fokh; ns;rkvksa
dks iwjk djus ds fy,] tSls ;kstuk ds dk;kZU;ou dh jkf'k vkSj vYi lwpuk ij nkoks@a fokh; ck;rkvksa dks iwjk djus ds fy,@
rS;kjh j[kus gsr]q vko';d jkf'k ;fn dksbZ gks] ml ij fuosf'r vk; dks sfMV (tek) ugha fn;k tkrk gSA
o"kZ ds 'kq#vkr esa] fuos'k ls vk; dks ^^jktLo [kkrk** ykHk vkSj gkfu [kkrk** vkSj ^^,u , vkbZ ,l dkiZl fufk** dks
^îkWfylhkkjd iQ.M esa [kM+s 'ks"k] ^^'ks;jkkjdksa dh fufk** o ^^,u , vkbZ ,l&dkiZl fufk** ds vuqikr esa e'k% foHkkftr
fd;k tkrk gSA
o"kZ ds 'kq#vkr es]a fuos'k ls lEcfUkr O;;ksa dks ,sl]s lqjf{kr vfHkj{kk] C;kt@ykHkka'k dh olwyh] cSd
a izHkkj vkfn dks ^^jktLo
[kkrk** vkSj ^^ykHk gkfu [kkrk** dks ^îkWfylhkkjd iQ.M** esa [kM+s 'ks"k] ^^'ks;j kkjdksa dh fufk** ds vuqikr esa e'k% foHkkftr
fd;k tkrk gSA
[kpksZa dk caVokjk
os [kpZs tks izR;{k :i ls fof'k"V chek ;kstuk@mRikn ;k fof'k"V jkT;@la?k 'kkflr izn's k dks vkcafVr ugha gS]a dks ldy izhfe;e
ds vkkkj ij lEcfUkr ;kstuk@ mRiknksa vkSj jkT;ks@a la?k 'kkflr izn's kksa ds chp ckaV fn;k tkrk gSA
de ;k vfkd olwyh
de ;k vfkd izhfe;e dh olwyh] ;fn dksbZ gks rks dsUnzd cSd
a @i{k ds vfkd izhfe;e ls] de izhfe;e dks lek;ksftr dj mlh
dsUnzd cSd
a @i{k ds fy, ys[kkafdr fd;k tkrk gSA
iQly chek dkjksckj ds lEcUk esa izkokku
o"kZ ds vUr esa ys[kksa dks cUn djrs le;] orZeku esa bl lEcUk esa izkokku fd;k tkrk gS fd dEiuh esa ykxw uhfr o lkafofkd
vko';drkvksa ds vuqlkj] fuEufyf[kr izkokku fd, x,
vlekIr tksf[ke ds fy, vkjf{kr (vkj ;w vkj)
vkj ;w vkj o"kZ ds 'kq izhfe;e dh vk; ds 50% dh] lhek rd cuk;k
'kq izhfe;e
fe;e&& izR;{k izhfe;e$eatjw fd, iquchZek ij izhfe;e&vfiZr iquchZek ij izhfe;e
iQly chek nkoksa ds lEcUk esa izkokku
o"kZ ds vUr esa ys[kksa dks can djrs le; izkokku fd;k tkrk gS fd cdk;ksa ds fy, dqy izkokku (vkbZ ch ,u vkj ,o~ vkbZ
ch ,u bZ vkj lfgr) ,u , vkbZ ,l (lkekU; dojst) ds vkhu dEiuh dh ^^vfkdre dk;Z{ke ns;rk (,e ih ,y) ls vfkd
ugha gks ldrh] ,sls esa vfkD; nkoksa dks ljdkj }kjk ogu fd;k tkrk gSA orZeku esa dEiuh esa ykxw uhfr o lakfofkd vko';drkvksa
ds vuqlkj fuEufyf[kr izkokku fd, x, gSa %
cdk;k nkoksa dk izkokku
iQly chek dkjksckj ds lEcUk esa ;kstukvks@a uhfr ds izkokkuksa ds vuqlkj] o"kZ ds vUr es]a cdk;k nkoksa ds fy, vuqekfur ns;rkvksa
dk izkokku fd;k tkrk gSA
eqdes ds ek;e ls nkokdrkZ }kjk] fookfnr nkoksa ds fy, dksbZ izkokku ugha fd;k tkrk] fdUrq dEiuh }kjk bUgas .k dh rjg
Lohdkj ugha fd;k tkrk gSA
89

9.2
Claims IBNR & IBNER: Provisions for Claims Incurred but Not Reported (IBNR) and for Claims Incurred
but Not Enough Reported (IBNER) are made as per the Actuarial Certification.
10
Reinsurance Business
(a)
Reinsurance premium ceded is accounted for at the time of recognition of premium income in accordance
with the treaty or in-principle arrangement with the reinsurers.
(b)
Commission received on reinsurance ceded is recognized as income in the period in which reinsurance
premium is ceded.
11
Accounting for Taxes on Income

Income tax expense is accrued in accordance with Accounting Standard (AS) 22 Accounting for Taxes
on Income as specified in Companies (Accounting Standards) Rules, 2006.
11.1
Current Tax: Current income tax is aggregate of Income tax determined to be payable in respect of taxes
on income for the year.
11.2
Deferred Tax: Deferred tax reflects the impact of current year timing differences between taxable income
and accounting income for the year and reversal of timing differences of earlier years. Deferred tax assets
and liabilities are measured using the tax rates and tax laws that have been enacted or substantively
enacted by the balance sheet date. Deferred tax assets are recognised for all deductible timing differences
only if there is reasonable certainty as to its realisation. However, where there are unabsorbed tax losses
including unabsorbed depreciation, deferred tax asset are recognised only if there is virtual certainty that
such deferred tax assets can be realised against future taxable income.
The carrying amount of deferred tax assets is reviewed at each balance sheet date and adjusted to the
extent that it is no longer probable that sufficient taxable income will be available to allow all or part of the
deferred tax asset to be realized.
12
Employees Benefits
12.1
Short Term Employee Benefits

Short Term Employee Benefits are recognized as an expense on an undiscounted basis in the Profit and
Loss account of the year in which the related service is rendered.
12.2
Post-Employment Benefits
Defined Contribution Plans

(a)
The employers contribution to Provident Fund and Employees Pension Scheme, of employees absorbed
from GIC is a defined contribution plan and is made in accordance with the GIC Pension / Provident Fund
and the funding continues to be with GIC Pension / Provident Fund Trust.
(b)
For the employees directly appointed by the Company on or after January, 2004 the employers contribution
to pension fund is made in accordance with the New Pension Scheme, 2004 (i.e. recognised on accrual
& paid monthly).
Defined Benefit Plans

(a)
Gratuity: The Employees Gratuity Fund Scheme is a defined benefit plan. The liability for gratuity is
provided on actuarial valuation at the end of the year, without any funding arrangement.
(b)
Pension: The Pension plan of the Company is a defined benefit. The present value of the Companys
obligations under Pension in respect of erstwhile employees absorbed from GIC is recognized on the
basis of an actuarial valuation as at the end of the year in proportion to the service rendered to GIC and the
company. The liability is not funded.
In respect of employees covered under New Pension Scheme, the matching employers contribution is
recognized on accrual and paid monthly
12.3
Long Term Employee Benefits

The liability for leave encashment, sick leave and leave travel subsidy is recognized on the basis of
actuarial valuation at the end of the year.
90

eqdesckth ds lEcUk es]a tgk dEiuh ds fo# fu.kZ; gks pqdk gS dEiuh dh ns;rk dh lhek rd mfpr izkokku fd;k tkrk gSA
9-2
nkos&vkbZ ch ,u vkj ,oa vkbZ ch ,u bZ vkj % mixr nkos fdUrq lwpuk (fjiksfVZM) ugha (vkbZ oh ,u vkj) vkSj mixr
nkos fdUrq i;kZIr lwpuk (fjiksfVZM) ugha (vkbZ ch ,u bZ vkj)] gsr]q chekadd ds izek.k i=k ds vkkkj ij izkokku fd;k tkrk
gSA
10iquchZek dkjksckj
(d)
vfiZr iquchZek izhfe;e dks iquchZek dh O;oLFkk] ;k O;ogkj ds vuqlkj izhfe;e vk; dks ekU;rk nsus ds fy, ys[kafdr fd;k
tkrk gSA
([k)
vfiZr iquchZek ij deh'ku dks mlh vofk esa ekU;rk nh tkrh gS ftl vofk dk vfiZr iquchZek izhfe;e gS
11vk; ij dj ds fy, ys[kkadu
vk; dj [kps]Z ys[kk ekud (, ,l) 22 ds vuqlkj izkns Hkwr gS] tSlk fd ^^vk; ij dj ds fy, ys[kkadu** dEiuh (ekud ys[kk)
fu;e] 2006 esa fofuZfn"V fd;k x;k gSA
11-1
orZeku dj % o"kZ ds fy, vk; ij dj ds lEcUk es]a ns; vk;dj dk dqy fukkZfjr fd;k x;k orZeku vk; dj gSA
11-2
vkLFkfxr dj % vLFkkfxr dj fiNys o"kks ds le; fukkZj.k vUrj ds foijhr] rFkk o"kZ ds vUr ds fy, ys[kkafdr vk; o dj
;ksX; vk; ds chp pkyw o"kZ ds le; enHksn ds izHkko dks izfrfcfEcr djrk gSA rqyu i=k frfFk ij vfkfu;fer ;k ekSfyd
vfkfu;fer ;k dj dkuwu vkSj dj nj dk mi;ksx dj] vkLFkfxr dj lEifk vFkok ns;kk dk fukkZj.k fd;k tkrk gSA le;
fukkZfjr dVkSrh ;ksX; vUrj dks] dsoy ml fLFkfr esa vkLFkfxr dj lEifk dh ekU;rk nh tkrh gS tc mldh mfpr olwyh fuf'pr
gks rFkkfi] tgk ij vo{k; (ewY; kflr) lfgr dj gkfu ;k vkesyu u fd;k gks] vkLFkfxr dj lEifk dks dsoy rc ekU;rk
nh tkrh gS tc ;g lqfuf'pr fd;k tk lds fd ,sls vkLFkfxr dj lEifk dh olwyh] Hkfo"; ds dj ;ksX; vk; ls lEHko gS
vkLFkfxr dj lEifk esa ys tkuh okyh jkf'k dh leh{kk izR;sd rqyu i=k dh frfFk ij dh tkrh gS vkSj ml lhek rd lek;ksftr
dh tkrh gS fd dj ;ksX; vk; lEiw.kZ Hkkx esa ;k vkaf'kd vkLFkfxr dj lEifk dh olwyh vfkd le; rd laHkkfor u gksA
12
deZpkjh fgrykHk %
vYi vofk deZpkjh fgrykHk %
12-1
vYi vofk deZpkfj;ksa ds] ftl vofk ds fy, lsok, nh xbZ ml vofk ds ykHk gkfu [kkrs esa NwV ugha nh xbZ ds vkkkj ij
[kpksaZ dks ekU;rk nh tkrh gSA
12-2
jkstxkj&i'pkr~ fgrykHk
ikfjHkkf"kr va'knku ;kstuk,
(d)
th vkbZ lh ls lekfgr fd, deZpkfj;ksa dh] Hkfo"; fufk vkSj deZpkjh is'a ku ;kstuk ds fy, fu;ksDrk dk ;ksxnku] th vkbZ lh
iS'a ku ds vuqlkj ,d ifjHkkf"kr ;ksxnku ;kstuk@Hkfo"; fufk vkSj th vkbZ lh ds lkFk fok iksf"kr is'a ku ;kstuk@Hkfo"; fufk U;kl
ds vuqlkj fd;k tkrk gSA
([k)
tks deZpkjh dEiuh }kjk tuojh 2004 dks ;k blds ckn] izR;{k HkrhZ fd, x, gSa muds fy, ubZ is'a ku ;kstuk 2004 ds vuqlkj
(vFkkZr~ izkns Hkwr o ekfld Hkqxrku dh ekU;rk) iS'a ku fufk esa fu;ksDrk }kjk va'knku dj fn;k tkrk gSA
ikfjHkkf"kr fgrykHk ;kstuk,
(d) minku % deZpkjh minku fufk ;kstuk] ikfjHkkf"kr fgrykHk ;kstuk gSA minku ds fy, nkf;Ro dk izkokku] fcuk fdlh fok iks"k.k
O;oLFkk ds o"kZ ds vUr esa chekadd ewY;kadudkkZ ds vkkkj ij fd;k tkrk gSA
([k) is'a ku % dEiuh dh is'a ku ;kstuk] ikfjHkkf"kr fgrykHk gSA iwoo
Z rhZ deZpkjh ftudk th vkbZ lh ls vkesyu fd;k x;k dks mudh
dEiuh dks ;k th vkbZ lh dks nh xbZ lsokvksa ds vuqikr es]a o"kZ ds vUr esa chekadd ewY;kdudrkZ ds vkkkj ij] is'a ku ;kstuk
ds vkhu dEiuh dh ck;rk ds orZeku ewY; dks ekU;rk nh tkrh gSA ns;rk fok iksf"kr ugha gSA
ubZ is'a ku ;kstuk ds vkhu deZpkfj;ksa ds lEcUk esa] fu;ksDrk cjkcjh va'knku izksnHkwr o ekfld Hkqxrku ij ekU;rk nh
tkrh gSA
12-3
nh?kZdkyhu deZpkjh fgrykHk
o"kZ ds vUr esa chekadd ewY;kadudrkZ ds vkkkj ij NqVV~ h udnhdj.k] chekjh dh NqVV~ h o NqVV~ h ;k=kk vkfFkZd lgk;rk ds fy,
ns;rk dks ekU;rk nh tkrh gSA
91

13
Earning per Share

Basic earnings per share are calculated by dividing the net profit or loss for the period attributable to
equity shareholders by the weighted average number of equity shares outstanding during the period. For
the purpose of calculating diluted earnings per share, the net profit or loss for the period attributable to
equity shareholders and the weighted average number of shares outstanding during the period are adjusted
for the effects of all dilutive potential equity shares
14
Contingent Liabilities
Contingent liability is disclosed in the case of:
(a)
a present obligation arising from a past event when it is not probable that an outflow of resources embodying
economic benefits will be required to settle the obligation or;
(b)
a possible obligation, unless the probability of outflow in settlement is remote
15
Contingent Assets
Contingent Assets are neither recognized nor disclosed.
16
Accounting for Government Grants

Government Grants related to revenue are recognized in the profit and loss account on a systematic basis
over the periods necessary to match them with the related costs which they are intended to compensate.
Such grants are deducted in reporting the related expense.
17
Miscellaneous
Telephone/Electricity/Water or such other deposits with the Local /Statutory Authorities have been charged
off to the Revenue Account after retaining 1 under the Deposit Head, for control purposes. If any amount
is subsequently recovered towards these deposits, the same is credited to Miscellaneous Income
Only those prepaid expenses which are

Company Secretary
(K. N. Bhandari)
Director
DIN 00191219
10,000/- or more are carried forward to the next financial year.
(M. K. Poddar)
(S. Surenther)
Director
DIN 01715089

(G. Anandan)
General Manager
(P. J. Joseph)
DIN 05229601
(Abhinav Khosla)
Partner
M.No. 087010
(Sumit Ghei)
Partner
M.No.097893
Place: New Delhi

Date: 18.06.2013
92

13-
14(d)
([k)
1516-
17-
vk; izfr 'ks;j (va'k)

vofk ds nkSjku cdk;k bfDoVh va'kksa ds Hkkfjr vkSlr la[;k ls bfDoVh 'ks;jkkjdksa dks lefiZr vofk ds ykHk ;k gkfu [kkrs ls
foHkkftr dj x.kuk dh tkrh gSA MkbZY;wV (Dilute) vtZu izfr'ks;j ds izk;kstu ds fy,] vofk ds nkSjku cdk;k bfDoVh va'kksa
ds Hkkfjr vkSlr la[;k ls] bfDoVh 'ks;jkkjdksa dks lefiZr vofk ds ykHk ;k gkfu [kkrs ls] lHkh dk;Z{ke MkbZY;wV bfDoVh va'kksa
ds izHkko dks lek;ksftr fd;k tkrk gSA
vkdfLed ns;rk,
vkdfLed ns;kkvksa dk izdVu rHkh fd;k tkrk gS%
tc iwoZ ?kVuk ds iQyLo:i mRiUu gksus okys orZeku ck;rk dks lalkkuks d
a s vfkd ykHk ds izokg gsrq ck;rk ds fuiVku gsrq
vko';drk gksxhA
,d laHkkfor ck;rk tc fd le>kSrs dh nwj rd lEHkkouk ugha gSA
vkdfLed lEifk
vkdfLed lEifk;ksa dks u rks ekU;rk vkSj u izdVu fd;k tkrk gSA
ljdkjh vuqnku ys[kkadu
jktLo ls lEcfUkr ljdkjh vuqnku tks lEcfUkr ykxrksa ds vuq:i {kfriwfrZ djus ds bjkns ls gS dks vko';d leku vofk esa
,d O;ofLFkr vkkkj ij ykHk gkfu [kkrs esa ekU;rk nh tkrh gSA lEcfUkr O;; dh fjiksfVZxa djrs le; bl rjg ds vuqnku dh
dVkSrh dh tkrh gSAa
fofok
VsyhiQksu@fctyh@ikuh ;k LFkkuh;@laoS kkfud izkfkdj.kksa ds lkFk vU; tek dks] fu;a=k.k ds ms'; ls] iz;kstu ds fy, tek en
ds vkhu 1@& dks izfrkkfjr djrs gq, jktLo [kkrs esa izHkkfjr dj fy;k tkrk gSA ;fn dksbZ jkf'k bu tekvksa ds fy, ckn esa
olwyh gksrh gS rks mUgsa ^^fofok vk;** esa sfMV (tek) fd;k tkrk gSA
dsoy ,sls iwoZ Hkqxrkfur O;; tks 10]000 ;k vfkd ds gS]a dks vxys fok o"kZ esa ys tk;k tkrk gSA

daiuh lfpo
(,e- ds- iksn~nkj)

mi egk izcakd
(ds- ,u- HkaMkjh)

funs'kd
Mh vkbZ ,u 00191219
(,l- lqjsUFkj)
funs'kd
Mh vkbZ ,u 01715089
d`rs ,l- lh- oklqnsok ,oa dalunh ys[kkdkj

(th- vkuanu)
egk izcakd
(ih- ts- tksliQ)
Mh vkbZ ,u 05229601
(vfHkuo [kkslyk)
Hkkxhnkj
,e ua- 087010
(lqfer ?kbZ)
Hkkxhnkj
,e ua- 097893
LFkku % ubZ fnYyh

fnukad 18-06-2013
93

Annexure 2
Notes Forming Part of Accounts

1.
IRDA Compliance
The Insurance Regulatory and Development Authority (Preparation of Financial Statements and Auditors
Report of Insurance Companies) Regulations, 2002, have been complied with in the presentation of these
accounts, to the extent applicable.
2.1
Takeover of Crop Insurance Business

The Company was designated as the Implementing Agency for National Agricultural Insurance
Scheme with effect from 1st April 2003 by the Ministry of Agriculture, Government of India, vide its
letter dated 22nd October 2003. Accordingly, the crop insurance business was taken over by the
company from the General Insurance Corporation of India (GIC). Based on their audited statement,
assets amounting to 58,95,66 thousand and liabilities amounting to 4,50,03,29 thousand
relating to crop insurance business as on 31st March, 2003 were received from GIC vide their letter
dated 3rd February 2004 and were incorporated in the books of accounts of the company.
2.2
Reserve for Unexpired Risks amounting to 184, 91, 47 thousand as on the date of transfer of
business from GIC to the company i.e., 01st April, 2003 has not yet been transferred by GIC to the
company.
Business & Geographical Segment

As per the Accounting Standard 17 -Segment Reporting, the company has only one Business Segment,
i.e. CROP INSURANCE, and only one Geographical Segment, i.e. INDIA.
4.
Disclosures Forming Part of Financial Statements

4.1
Contingent liabilities
4.1.1
Partly paid-up Investments: NIL (previous year NIL)
4.1.2
Underwriting commitments outstanding: NIL (previous year NIL)
4.1.3
Claims against the company, other than those under Policies, not acknowledged as debt: NIL
(previous year NIL) Claims against the company, those under Policies, not acknowledged as
debt: 49,33,36 thousand (previous year 16,45,90 thousand)
4.1.4
Guarantees given by or on behalf of the Company: NIL (previous year NIL)
4.1.5
Statutory Demands /Liabilities in dispute not provided for 69,00 thousands under Income Tax
for the Assessment Year 2010-11 which is contested by the company. (previous year NIL)
4.1.6
Reinsurance obligations to the extent not provided for in Accounts: NIL (previous year NIL)
4.1.7
Others: NIL (previous year NIL)
4.2
As at 31st March 2013, all the assets of the company are free from encumbrances, except (as
mandatory under Section 7 of Insurance Act, 1938) Central Government Security 8.24%, GOI,
2018, deposited with PNB Gilt (approved by RBI). Total amortized book value of the security is
48,80,45 thousand (Face Value 50,00,00 thousands) out of which amortized book value of
9,76,09 thousand having Face Value Rs. 10,00,00 thousand (previous year amortized book
value of 10,01,82 thousand having Face Value 10,00,00 thousand) is grouped under Advances
and other asset (schedule 12).
4.3
Commitment made and outstanding as on 31st March, 2013 for :i
Loans and Investments: NIL (previous year NIL)
ii
IT Project Annapoorna under implementation:

311276 thousand)
iii
Others:
1,31,81 thousand (previous year
94
22,73,00 thousand (previous year
38,71 thousand)

vuqyXud & 2
ys[kksa ij fVIif.k;k
1-
vkbZ vkj Mh , vuqikyu

ys[kksa ds izLrqrhdj.k es]a vkbZ vkj Mh , (chek dEifu;ksa ds fokh; fooj.k o ys[kk ijh{kd dh rS;kjh) fofu;ked] 2002 dk
ykxw lhek rd] vuqikyu fd;k x;k gSA
2-
2-1
iQly chek O;kikj dk vfkxzg.k

dEiuh dks ^^jk"Vh; chek ;kstuk** ds fy,] dk;kZUo;u ,tsUlh dh rjg 1 vizy
S 2003 ls] d`f"k ea=kky; Hkkjr ljdkj
}kjk muds i=k fnukad 22 vDVwcj 2003] }kjk vfHkfgr fd;k x;kA rn~ul
q kj] dEiuh }kjk lkkkj.k chek fuxe (thvkbZlh)
ls iQly chek O;kikj dk vfkxzg.k fd;k x;kA ys[kkafdr fooj.kksa ds vuqlkj th vkbZ lh ls 31 ekpZ 2003 dks muds
fnukad 3 iQjojh 2004 ds i=k ds vuqlkj iQly chek O;kikj ls lEcfUkr 58]95]66 gtkj dh ifjlEifk;k rFkk
4]50]03]29 gtkj dh ns;rk,a izkIr gqb vkSj bUgsa dEiuh ds [kkrksa esa lfEefyr dj fy;k x;k FkkA
2-2
3-
184]91]47 gtkj ds vlekIr tksf[ke ds dks"k dks] tks fd th- vkbZ- lh- ls O;kikj LFkkUrj.k dh rkjh[k vFkkZr 1vizy
S
2003 dks vHkh rd] th- vkbZ- lh- ls LFkkUkkUrfjr ugha fd;k x;k gSA
O;kikj rFkk HkkSxkSfyd vuqHkkx

Hkkjrh; ekud ys[kk&17 ^^lsxesUV izfrosnu** ds vuqlkj dEiuh dk dsoy ,d gh O;kikj gS] vFkkZr~ ^îQly chek** vkSj dsoy
,d gh HkkSxksfyd lsxesVa gS vFkkZr~ ^^Hkkjr**A
4-
fokh; foojf.k;ksa ij fVIif.k;ksa dk izdVu

4-1
vkdfLed nkf;Ro
4-1-1
vkaf'kd iw.kZ iznk fuos'k% 'kwU; (xr o"kZ 'kwU;)
4-1-2
chek ys[ku cdk;k izfrckk&'kwU; (xr o"kZ 'kwU;)
4-1-3
dEiuh ds fo# ,sls nkos] ikfyfl;ksa ds varxZr] dks NksM+dj ftUgsa mkkj ds :i esa Lohdkj ugha fd;k gS % 'kwU;
(xr o"kZ 'kwU;) dEiuh ds fo# ,sls nkos] ikfyfl;ksa ds vkhu] ftUgsa mkkj ds :i esa 49] 33] 36 gtkj (xr
o"kZ 16]45]90 gtkj) Lohdkj ugha fd;k gSA
4-1-4
dEiuh }kjk ;k dEiuh dh rjiQ ls nh xbZ tekur % 'kwU; (xr o"kZ 'kwU;)
4-1-5
vk;dj fukkZj.k o"kZ 2010&11 ds fy, fookfnr lkoSkkfud ekx@ns;rk, 69]00 gtkj dk izkokku ugha fd;k gS] ftldk
dEiuh }kjk fojksk fd;k x;k gSA (xr o"kZ 'kwU;)
4-1-6
iquchZek ck;rk ftl lhek rd ys[kksa esa izkokku ugha fd;k x;k % 'kwU; (xr o"kZ 'kwU;)
4-1-7
vU; % 'kwU; ( xr o"kZ 'kwU;)
4-2
31 ekpZ 2013] dks dEiuh dh lHkh ifjlEifk;k (foYyaxe) Hkkj ls eqDr gS]a fliQZ (tks fd chek dkuwu 1938
dh kkjk 7 ds vUrxZr vfuok;Z gS) dsUnzh; ljdkj izfrHkwfr & 8-24 %] Hkkjr ljdkj 2018] ih-,u-ch- fxYV
(vkj- ch- vkbZ- }kjk vuqeksfnr) ds lkFk tek izfrHkwfr dh dqy ifj'kksfkr] [kkrk ewY; 48]80]45 gtkj
(vafdr ewY; 50]00]00 gtkj) ftlesa ls ifj'kksf?kr 9]76]09 gtkj [kkrk ewY; 10]00]00 gtkj vafdr
ewY; (xr o"kZ ifj'kksfkr 10]01]82 gtkj [kkrk ewY; ds 10]00]00 vafdr ewY;) dks vkSj vfxze lewg ds
vkhu o vU; ifjlEifk;ksa esa j[kk x;k gSa (vuwlwph&12)
4-3
31] ekpZ 2013 dks cdk;k vkSj izfrCkrk,

i
.k ,oe~ fuos'k % 'kwU; (xr o"kZ 'kwU;)
ii
vkbZ-Vh- ifj;kstuk ds vkhu ^^vUuiw.kkZ** dks ykxw djus es
iii
vU;
1]31]81 gtkj (xr o"kZ
38]71 gtkj) ds fy,
95
22]73]00 gtkj (xr o"kZ
311276 gtkj)

4.4
Ageing of claims is presented below, distinguishing between Claims Outstanding for more than
six months and Other Claims i.e. Claims Outstanding up to six months:Particulars
2012-13
NOT APPLICABLE
Foreign Business
Indian Business
Claims o/s for more than six months
Claims o/s up to six months
4.5
4.6
4.6.1
4.6.2
4.7
SN
1
2
3
4
5
6
8
9
10
19,09,34,52
3,76,79,20
92,30,04
8,41,40,72
Short collection of Premium included under Schedule of Advances and Other Assets represent
amounts receivable from Nodal banks of 14, 03, 19 thousands as at 31.03.2013 remains unconfirmed.
Excess collection of Premium included under Schedule of Current liabilities which represent
amounts payable to Nodal banks of 13,93,12 thousands as at 31.03.2013 remains unconfirmed.
Value of Contracts in relation to Investments for :Purchases where deliveries are pending: NIL (previous year NIL)
Sales where payments are overdue: NIL (previous year NIL)
Computation of managerial remuneration as per Section 198 [pursuant to sub-section (A) of
Section II of Part II of Schedule XIII] of the Companies Act, 1956 given to
Mr. Milind A. Kharat up to 17th October 2012
Mr. P.J.Joseph from 18th October 2012 onwards is given below:

Gross Salary
4.8
4.9
2011-12
Cos Contribution to
PF/ Pension Fund
Other
Perquisites
Current
Year
Previous
Year
Current
Year
Previous
Year
Current
Year
Previous
Year
24,96,695
24,21,053
94,433
99,593
1,93,093
NIL
The Company does not hold any immovable property for investment purposes.
As per IRDA Circular Ref.:005/IRDA/F&A/CIR/May-09 dated 07.05.2009, the details of various
penal actions taken by various Government Authorities during the year is as under:NonCompliance
/ violation
Authority
Insurance Regulatory and Development Authority

Service Tax Authorities
Income Tax Authorities
Any other Tax Authorities
Enforcement Directorate/ Adjudicating
Authority/ Tribunal or any Authority under FEMA
Registrar of Companies/NCLT/CLB/
Department of Corporate Affairs or
any Authority under Companies Act, 1956
Penalty awarded by any Court/
Tribunal for any matter including claim
settlement but excluding compensation
Securities and Exchange Board of India*
Competition Commission of India
Any other Central/State/ Local Govt.
/Statutory Authority
* Post Listed
96
Amount in
Penalty
Penalty
Awarded
Paid
Penalty
Waived/
Reduced
NIL
NIL
NIL
NIL
NIL
NIL
NIL
NIL
NIL
NIL
NIL
NIL
NIL
NIL
NIL
NIL
NIL
NIL
NIL
NIL
NIL
NIL
NIL
NIL
NIL
N. A.
NIL
NIL
NIL
N. A.
NIL
NIL
NIL
N. A.
NIL
NIL
NIL
N. A.
NIL
NIL

4-4
nkos tks N% ekg ls vfkd dh vofk ls cdk;k gSa o nkos tks N% ekg dh vofk rd cdk;k gSa dks vk;qokj uhps n'kkZ;k
x;k gSA
fooj.k
2012&13
2011&12
fons'kh O;kikj
ekU; ugha
ns'kh O;kikj
nkos tks N% ekg ls vfkd dh vofk ls cdk;k gSa
19]09]34]52
92]30]04
nkos tks N% ekg rd dh vofk ls cdk;k gSa
3]76]79]20
8]41]40]72
4-5
31 ekpZ 2013 dks vU; ifjlEifk;ksa es]a vfxzeksa dh vuqlp
w h esa 140319 gtkj] uksMy cSd
a ls izkI; gS]a ftlesa vYi izhfe;e
dh olwyh Hkh lfEefyr gS ;k izfrfufkRo djrs gS]a vHkh vfuf'pr gSA 31 ekpZ 2013 dks pkyw ns;rkvksa dh vuqlp
w h ds vUrxZr
1]39]312 gtkj ns; gksus dk izfrfukRo djrs gSa ftlesa vkfkD; izhfe;e olwyh Hkh 'kkfey gS] vfuf'pr gSA
4-6
fuos'k ds lanHkZ esa fufonkvksa dh dher ds fy, %&
4-6-1
; tgk lqinq xZ h yafcr gS % 'kwU; (xr o"kZ 'kwU;)
4-6-2
fch tgk Hkqxrku vfr'kks; gS % 'kwU; (xr o"kZ 'kwU;)
4-7
dEiuh vfkfu;e 1956 dh (vuqlp
w h XIII ds Hkkx&II dh kkjk&II dh mikkjk (A) dh kkjk 198 ds vuqlkj izcUkdh;
ikfjJkfed dh x.kuk
Jh fefyUn ,- [kjkr] 17 vDVwcj 2012 rd
Jh ih-ts- tksliQ 18 vDVwcj 2012 ls vc rd] fuEufyf[kr gSa %

ldy osru
Hkfo"; fufk iQaM@
vU;
is'ku esa dEiuh dk va'knku
ifjyfCk;ka
orZeku
xr
orZeku
xr
orZeku
xr
o"kZ
o"kZ
o"kZ
o"kZ
o"kZ
o"kZ
24]96]695
24]21]053
94]433
99]593
1]93]093
'kwU;
4-8
dEiuh us dksbZ Hkh vpy lEifk fuos'k ds mns'; ds fy, jksd dj ugha j[kh gSA
4-9
chek fofu;ked vkSj fodkl izkfkdj.k ds lnfHkZr % 005@vkbZ vkj-Mh-,-@,iQ,.M,-@lh-vkbZ-vkj-@ebZ 09 fnukad 07-05-2009
dh vfklwpuk ds vuqlkj] o"kZ ds nkSjku fofok ljdkjh izkfkdj.kksa }kjk fofok n.MkRed dkjZokbZ dk C;kSjk bl izdkj gS%&
vuqikyu
jkf'k esa
n.MkRed
n.M
n.MkRed
e
izfkdj.k
u djuk@
lavfre.k
vfkfu.kZ;
Hkqxrku
ekiQh@
deh
1
chek fofu;ked vkSj fodkl izkfkdj.k
'kwU;
'kwU;
'kwU;
'kwU;
2
lsokdj izkfkdj.k
'kwU;
'kwU;
'kwU;
'kwU;
3
vk;dj izkfkdj.k
'kwU;
'kwU;
'kwU;
'kwU;
4
dksbZ vU; dj izkfkdj.k
'kwU;
'kwU;
'kwU;
'kwU;
5
izorZu funs'kky;@U;k; fu.kkZ;d izkfkdj.k@
'kwU;
'kwU;
'kwU;
'kwU;
fVC;wuy ;k iQsek ds vkhu dksbZ izkfkdj.k
6
dEiuh jftLVkj@,u-lh-,y-Vh-@
'kwU;
'kwU;
'kwU;
'kwU;
lh-,y-ch-@fuxfer dk;Z foHkkx ;k dEiuh
vfkfu;e 1956 ds vkhu dksbZ izkfkdj.k
7
fdlh U;k;ky; }kjk n.M fu.kZ;@fdlh fo"k; ij
nkoksa le>kSrksa lfgr ijUrq eqvkotksa dks NksMdj
ds fy, fVC;wuy
'kwU;
'kwU;
'kwU;
'kwU;
8
Hkkjrh; izfrHkwfr vkSj fofue; e.My*
ykxw ugha
ykxw ugha
ykxw ugha
ykxw ugha
9
Hkkjrh; izfrLikkZ vk;ksx
'kwU;
'kwU;
'kwU;
'kwU;
10
vU; dksbZ dsUnzh;@ jkT;@LFkkuh; ljdkjh
'kwU;
'kwU;
'kwU;
'kwU;
@lkafofkd izkfkdj.k
* lwphcrk ds i'pkr~
97

4.10
The Government of India vide their letter no. F. No. C-13014/16/2004- Ins. I dated 23.12.2009, called
for 2,00, 00, 00 thousand from the Company from the retained profits/reserves (created out of
NAIS activity), as a prelude to the recasting of the Scheme as an ad-hoc payment. Accordingly, an
amount of 2,00, 00, 00 thousand was paid to the Government of India, with due approval of the
Board; and concurrence of IRDA vide their letter dated 01.01.2010 and the same being an ad-hoc
payment has been accounted for as Other Advances under Schedule 12 of the Annual Accounts
as on 31st March 2013 i.e., Advances and Other Assets pending recast of the Scheme.
4.11
Details of expenses incurred under the following heads:Outsourcing

(for non-core functions)
149,21 thousand (previous year
91,61 thousand)
Business development
18,19 thousand (previous year
46,15 thousand)
Marketing support
NIL (previous year NIL)
4.12.1 Under Insurance Act 1938 (Section 64VB), risk can be assumed only when the requisite premium
is received. However, the company assumes risk but recognizes the premium upon the same
being remitted by the collecting bank at a later date since the company cannot anticipate the
accrual in the absence of such receipt. Thereby, the assumption of risk is strictly not in accordance
with the provisions of the aforesaid section. However, in response to companys letter dated 9th
August, 2010 IRDA vide its letter dated 26th August, 2010 has allowed the company to continue
with this practice, till further orders.
4.12.2 The balance of NAIS Premium for Rabi 2012-2013 collected by the banks from the farmers has
neither been remitted to the company nor any consequential provision for claims accounted for in
the absence of requisite data up to 31st March, 2013. The amount is not ascertainable as on date.
5
5.1
6.1
Related Party Disclosure as per Accounting Standard 18 Key Management Personnel
Mr. Milind A. Kharat up to 17th October 2012
Mr. P. J. Joseph from 18th October 2012 onwards

Nature of Transactions:
1.
Salaries, allowances and contributions as on 31st March 2013:

year 25.21 thousand)
25,91 thousand (previous
2.
Loan balances due as on 31st March 2013: NIL (previous year NIL)
During the year, the Company has received the following amounts from the Government (Central/
States/UTs) towards implementation of NAIS and towards Premium Subsidy in respect of Pilot
Scheme on Weather Based Crop Insurance , Modified NAIS & other schemes:
in thousand
SN
Particulars
Current Year
2012-13
1.
NAIS Premium Subsidy
2.
NAISBank Service Charges
3.
Previous Year
2011-12
1,27,69,69
1,15,08,02
7,23,44
15,85,95
NAIS Claim Share
16,89,46,31
11,85,10,36
4.
NAIS - Corpus Fund
10,60
50,29,87
5.
WBCIS Premium Subsidy
11,88,22,55
13,16,44,24
6.
Modified NAIS Premium Subsidy
3,56,50,31
1,11,71,58
7.
Coconut Premium Subsidy
4,21
7,64
33,69,27,11
27,94,57,64
TOTAL
Further, the Government-wise balances as at 31st March, 2013 are detailed in Annexure-7 & 7A
6.2
The Opening Balance under National Agricultural Innovation Project (NAIP) NAIP was
98
34 thousand.

4-10
4-11
Hkkjr ljdkj us dEiuh ls] muds i=k la- 451 l- lh&13014@16@2004&bUl-@ fnukad 23-12-2009 ds }kjk ;kstuk ds iqu%
fuekZ.k gsr]q 2]00]00]00 gtkj j[ks x, ykHk@ vfk'ks"k es ls rnFkZ Hkqxrku ds :i esa ekax dhA (,u,vkbZ,l xfrfofk;ksa
ls) rn~ul
q kj e.My ds vko';d vuqeksnu o vkbZ-vkj-Mh-,- dh lgefr] i=k fnukad 1-1-2010] ds vuqlj.k esa Hkkjr
ljdkj dks 2]00]00]00 gtkj dk Hkqxrku fd;k x;k vkSj rnFkZ Hkqxrku dh rjg 31 ekpZ 2013 ds okf"kZd ys[kksa esa vuqlp
w h
& 12 ds vkhu ^^vU; vfxze** esa ys[kkafdr fd;k x;k gS vFkkZr~ ;kstuk ds uohu :i gksus rd ^^vfxze ,oa vU;
ifjlEifr;k**A
fuEufyf[kr enkas esa fd, x, [kpksaZ dk C;kSjk %&
ckgjh L=kksr
149]21 gtkj ( xr o"kZ 91]61 gtkj)
(ukWu dksj dk;Z ds fy,)
O;kikj fodkl
18]19 gtkj (xr o"kZ
46]15 gtkj)
foi.ku leFkZu
'kwU; (xr o"kZ 'kwU;)
4-12-1
chek vfkfu;e 1938 dh (kkjk 64 oh ch) ds vkhu] tksf[ke dk vkdyu dsoy visf{kr izhfe;e dh izkfIr ij gh
fd;k tk ldrk gSA gkykafd dEiuh tksf[ke dk vkdyu djrh gS] fdUrq izhfe;e dks olwyh cSd
a }kjk izkfIr ds i'pkr
jde izfs "kr djus dh frfFk ds ckn gh ekU;rk nh tkrh gSA D;ksfa d dEiuh bl rjg dh izkfIr dh vuqifLFkfr es]a izkns Hkou
dk iwokZueq ku ugha dj ldrhA bl dkj.k tksf[ke ds vkdyu dk mijksDr kkjk esa fd, x, izkokkuksa dk l[rh ls
vuqlj.k ugha gSA ;|fi] dEiuh ds i=k fnukad 9 vxLr] 2010 ds tokc es]a vkbZ-vkj-Mh-,- us vius i=k fnukad
26 vxLr] 2010 }kjk] dEiuh dks vxys vkns'k rd bl vH;kl dks tkjh j[kus dh vuqefr nh xbZ gSA
4-12-2
jch o"kZ 2012&13 ds fy,] cSd

a }kjk fdlkuksa ls olwy fd;k x;k ,u-,-vkbZ-,l- izhfe;e ds 'ks"k dks u rks
dEiuh dks Hkstk x;k vkSj u gh 31 ekpZ 2013 dks vkadM+s miyCk u gksus ls] nkoksa ds fy, fdlh izkokku
dk ys[kkadu fd;k x;k gSA vkt rd jkf'k x.kuh; ugha gSA
5-1
6-1
ys[kk ekud&18 ds vuqlkj lkis{k i{kdkj izdVu&eq[; izca ku dkfeZd
Jh fefyUn ,- [kjkr 17 vDVwcj 2012 rd
Jh ih- ts- tksliQ 18 vDVwcj 2012 ls vc rd

1ysunsu dh izdf` r %
osru] ifjyfCk;k o va'knku esa 31 ekpZ 2013 dks 25-91 gtkj ( xr o"kZ 25-21 gtkj)
231 ekpZ 2013 dks ns; .k 'ks"k % 'kwU; (xr o"kZ 'kwU;)
o"kZ ds nkSjku] dEiuh us fuEufyf[kr jde] ,u-,-vkbZ-,l dks ykxw djus vkSj ik;yV ekSle vkkkfjr iQly chek] la'kksfkr
,u-,-vkbZ-,l o vU; ;kstukvksa ij vkfFkZd lgk;rk izhfe;e ij ljdkj (dsUnzh;@jkT;@;w-Vh-) ls izkIr fd;k gSA
( gtkj es)a
e
fooj.k
okZeku o"kZ
xr o"kZ
la2012-13
2011-12
1,u,vkbZ,l&izhfe;e vkfFkZd lgk;rk
1-27-69-69
1]15]08]02
2,u,vkbZ,l&cSd
a lsok izHkkj
7-23-44
15]85]95
3,u,vkbZ,l&nkos dh fgLlsnkjh
16]89]46]31
11]85]10]36
4,u,vkbZ,l&laxfz gr fufk
10]60
50]29]87
5MCY;w ch-lh-vkbZ-,l- &izhfe;e vkfFkZd lgk;rk
11]88]22]55
13]16]44]24
6la'kksfkr ,u-,-vkbZ-,l-&izhfe;e vkfFkZd lgk;rk
3]56]50]31
1]11]71]58
7ukfj;y&izhfe;e vkfFkZd lgk;rk
4]12
7]62
;ksx
33]69]27]11
27]94]57]64
vkxs] 31 ekpZ 2013 dks ljdkj&okj 'ks"kksa dk foLr`r C;kSjk layXud &7 o &,- esa fn;k x;k gSA
99

During the year, the Company has refunded available balance amounting
closing of Project and the balance available with the company is NIL.
7
34 thousand due to
Sharing of Expenses of National Agricultural Insurance Scheme

As per NAIS provisions, the Administrative & Operating Expenses are shared among the Company, the
Govt. of India, and the State/Union Territory Government on a specified basis. For the year under review,
20% (previous year 20%) of the total Administrative & Operating Expenses incurred for NAIS are recoverable
from the Govt. of India and the respective State/UT Governments. The total recovered/recoverable share
amounts to 3,95,66 thousand (previous year 3,05,13 thousand).
Accordingly, the Company has received the following amounts from the Government (Central/States/UTs)
towards reimbursement of following expenses related to NAIS:
in thousand
SN
1.
2.
Particulars
Current Year
2012-13
1,23,00
16,14
NAIS A & O Expenses

NAIS Publicity Expenses
Previous Year
2011-12
76,44
43,79
Expenses incurred towards NAIS shown under Schedule 4 are net of the Governments (Centre/ States /
UTs) share of 20% (previous year 20%) received/receivable from the respective Governments.
8
Investments
8.1
The company has invested its funds as per the investment pattern prescribed by the IRDA
Regulations on Investments, and the Companys Investment Policy. The Book value of Investments
of the Company as on 31st March, 2013 is 39,94,10,34 thousand (previous year 32,23,74,91
thousand), and the Market value of the Companys Investments as on that date is 39,86,76,20
thousand (previous year Rs. 32,19,95,56 thousand). Gross Income from Investments amounted
to 3,23,31,85 thousand during the financial year under review (previous year
2,52,56,33
thousand) which includes an investment income of 14,60,88 thousand (previous year 8,62,47
thousand), credited to NAIS Corpus Fund.
8.2
Due to change in the Significant Accounting Policies no. 5.1 on Investments regarding accounting
of accretion in case of securities purchased at discount a sum of 18,50,00 thousand has been
recognized as income from investment during the year out of which 3,44,85 thousand pertains
to current year.
8.3
In view of change in Significant Accounting Policy no. 5.4 on Investment regarding change in
Valuation Method from FIFO to Weighted Average Cost, although there is no impact in the Current
Financial Year. There could be some impact in future years.
8.4
The basis of amortization of Debt Securities is stated in the Significant Accounting Policy No.
5.1. The total amount of 1,29,44 thousand has been amortized during the year (previous year
1, 69, 04 thousand).
8.5
The historical cost of those Investments which are valued on Fair Value basis is
thousand (previous year 1,47,16,28 thousand).
43,48,24
Reinsurance Ceded
During the year under review, the company paid a sum of
17,02,03,39 thousand (previous year
12,19,74,89 thousand) as Reinsurance Premium and earned a commission of 2,54,09,41 thousand
(previous year 2,60,99,23 thousand), and has accounted for Reinsurance Claims recovery of 18,97,57,09
thousand (previous year 10,44,40,52 thousand).
10
Borrowings
As at the end of the year under review, the company has no borrowings (previous year
11
NIL).
Retirement Benefits to Employees

11.1.1 The companys liabilities on account of Retirement Benefits towards Pension, Gratuity, Leave
Encashment, Sick Leave and Leave Travel Subsidy (LTS) in respect of employees have been duly
100

6-2
jk"Vh; d`f"k uoksnH~ ko ifj;kstuk (,u- ,- vkbZ- ih-) ds vraxrZ vkjfEHkd 'ks"k 34 gtkj FkkA o"kZ ds nkSjku] dEiuh
us ifj;kstuk dks cUn djus ij miyCk 'ks"k] 34 gtkj okil dj fn;s Fks vkSj dEiuh esa 'kwU; 'ks"k gSA
jk"Vh; d`f"k chek ;kstuk ds [kpks dks lk>k djuk
,u- ,- vkbZ- ,l- ds izkokkuksa ds vuqlkj lHkh iz'kklfud o izpkyujr [kps]Z dEiuh] Hkkjr ljdkj] o jkT;@la?k 'kkflr izn's k ds
lkFk fofufnZ"V vkkkj ij lk>k fd;s tkrs gSAa laoh{kk o"kZ ds fy, ,u- ,- vkbZ- ,l ds fy, fd, x, iz'kklfud o izpkyujr [kpks
dk 20 % (xr o"kZ 20 %) Hkkjr ljdkj vkSj lEcfUkr jkT;@ la?k 'kkflr jkT;ksa ls olwyh ;ksX; gSA dqy lk>k jde 3]95]66
gtkj (xr o"kZ 3]05]13 gtkj) olwyh gsr@q olwyh ;ksX; gSA
rn~ul
q kj] dEiuh us ,u , vkbZ ,l ls lEcfUkr [kpks dh izfriwfrZ ds :i esa ljdkj@dsUnz@jkT;@la?k'kkflr izn's k) ls fuEufyf[kr
jkf'k izkIr dh gS%
( gtkj es)a
e
fooj.k
orZeku o"kZ
xr o"kZ
la2012&13
2011&12
1,u- ,- vkbZ- ,l- iz'kklfud o izpkyu [kpsZ
1]23]00
76]44
2,u- ,- vkbZ- ,l-& foKkiu [kpsZ
16]14
43]79
vuqlp
w h 4 esa fn[kk, x, ,u , vkbZ ,l ij fd, x, [kpsZ ljdkjksa (dsUnz@jkT;@la?k 'kkflr izn's k) ds 20 izfr'kr fgLls (fiNys
o"kZ 20 izfr'kr) tks lacfa kr ljdkjksa ls izkIr@izkI; gSAa
fuos'k
8-1
dEiuh us viuh fufk;k vkbZ vkj Mh- ,- }kjk fukkZfjr fuos'k] fuos'k ij fofue; rFkk dEiuh dh fuos'k uhfr ds vuqlkj fuos'k
dh gSA 31 ekpZ 2013 dks dEiuh ds fuos'k dk [kkrk ewY; 39]94]10]34 gtkj (xr o"kZ 32]23]74]91 gtkj) gS rFkk
dEiuh ds fuos'k dk cktkj ewY; (mDr frfFk dks 39867620 gtkj (xr o"kZ 32]19]95]56 gtkj) gSA laoh{kkxr fokh;
o"kZ ds nkSjku 3]23]31]85 gtkj dh fuos'k ldy vk; (fiNys o"kZ 2]52]56]33 gtkj) esa 14]60]88 gtkj dh fuos'k
vk; (fiNys o"kZ 8]62]47 gtkj) 'kkfey gS tks ,u , vkbZ ,l dkiZl iQaM dks sfMV fd;k x;k gSA
8-2
fuos'k ij ys[kk o`f ls lEcfUkr] egRoiw.kZ ys[kkuhfr ua- 5-1 esa ifjorZu gksus ls] NwV ij [kjhns x, izfrHkwfr ij
18]50]00 gtkj dks o"kZ ds nkSjku fuos'k ij vk; dh rjg ekU;rk nh gS] ftlesa ls 3]44]85 gtkj orZeku o"kZ
ls lacfa kr gSa
8-3
egRoiw.kZ ys[kk uhfr ua- 5-4 esa ifjorZu ds n`f"Vdks.k ls fuos'k ds lEcUk esa ewY;kadu fofk dks iQhiQks ls Hkkfjr vkSlr
ykxr esa ifjofrZr fd;k x;k A ;|fi orZeku fokh; o"kZ ds nkSjku dksbZ izHkko ugha iM+k gSA Hkfo"; esa dqN izHkko gks
ldrk gSA
8-4
egRoiw.kZ ys[kk uhfr ua- 5-1 esa .k izfrHkwfr ifj'kksku ds vkkkj dk mYys[k fd;k x;k gSA o"kZ ds nkSjku dqy jkf'k
1]29]44 gtkj ifj'kksfkr dh xbZ] (xr o"kZ 1]69]04 gtkj)
8-5
mu fuos'kksa dh ,sfrgkfld ykxrsa tks fd mfpr ewY; ds vkkkj ij fuos'k 43]48]24 gtkj gS ( xr o"kZ 1]47]16]28 gtkj)
iquchZek viZ.k
10
o"kZ ds nkSjku voyksdu ds vUrxZr dEiuh us 17]02]03]39 gtkj (xr o"kZ 12]19]74]89 gtkj) crkSj iquchZek izhfe;e
fn, rFkk 2]54]09]41 gtkj (xr o"kZ 2]60]99]23 gtkj) dk deh'ku vftZr fd;k rFkk 18]97]57]09 gtkj (xr o"kZ
10]44]40]52 gtkj) dks iquchZek nkos olwyh ds fy, ys[kkafdr fd;k x;kA
mkkj ykxr
11
o"kZ ds vUr rd] dEiuh dh dksbZ mkkj ykxr ugha gS (xr o"kZ 'kwU;)
dkfeZdksa dks lsok fuo`fr ykHk
11-1-1
dkfeZdksa ds lsokfuo`fr ykHk ds fy,] is'a ku] minku] chekjh dh NwVV~ h o ;k=kk NqVV~ h vkfFkZd lgk;rk] dEiuh dh nkf;rk
gS] ftudk ewY;kadu] Hkkjrh; lunh ys[kkdkj dh laLFkk }kjk tkjh ekud ys[kk&15 ds fucaku gsrq chekdad ewY;kadu
101

provided for as per actuarial valuation in terms of Accounting Standard 15 issued by the Institute
of Chartered Accountants of India and the same has been accounted for under the head Retirement
Benefits, in Schedule 14 of the Balance Sheet.
11.1.2 The Provident/Pension Fund of the employees of the Company absorbed from GIC is continued to
be funded with GIC Pension/ Provident Trust.
11.1.3 The Pension Fund of the employees directly recruited by the Company is as per the provisions of
New Pension Scheme (NPS) stipulated by Pension Fund Regulatory Development Authority (PFRDA).
11.1.4 The estimates of future salary increases, considered in actuarial valuation, take account of inflation,
seniority, promotion and other relevant factors such as supply and demand in employee market.
11.2
The summarized position of Post-employment benefits and long term employee benefits recognized
in the Profit & Loss Account and Balance Sheet as required in accordance with Accounting
Standard 15 (Revised) are as under:(Amount in )
Gratuity
SN
Leave
Encashment
(PL+SL)
(Unfunded)
Particulars
(Unfunded)
Pension
Plan
Leave
Travel
Subsidy
(Unfunded)
(Unfunded)
Change in the present value of obligations

a
Obligation
as at April 01, 2012
44,491,864
32,529,141
11,041,305
3,291,064
[40,192,471]
[33,205,649]
[4,923,824]
[2,740,685]
Current Service Cost
3,089,157
[2,608,021]
5,061,088
[5,988,199]
1,766,931
[1,352,673]
3,894,545
[1,861,238]
Interest Cost
3,682,915
[3,319,719]
2,803,174
[2,895,980]
953,982
[448,013]
419,067
[293,704]
Actuarial (Gain) / Loss
2,011,357
[(628,347)]
2,205,523
[(8,296,687)]
2,408,728
[4,316,795]
2,820,023
[(32,899)]
Benefits paid
(2,388,995)
[(1,000,000)]
(3,556,164)
[(1,264,000)]
0.00
[0.00]
(3,538,302)
[(1,571,664)]
Obligation as at
March 31, 2013
50,886,298
39,042,762
16,170,946
6,886,397
[44,491,864]
[32,529,141]
[11,041,305]
[3,291,064]
[0]
[0]
[0]
[0]
[0]
[0]
[0]
[0]
Change in fair value of plan assets

a
Fair Value of Plan Assets

as at April 01, 2012
Expected return on
Plan Asset
Contributions
0
[0]
0
[0]
0
[0]
0
[0]
Benefits paid
0
[0]
0
[0]
0
[0]
0
[0]

as at March 31, 2013
[0]
[0]
[0]
[0]
102

11-1-2
11-1-3
11-1-4
11-2
drkZ }kjk izkokku fd;k x;k gS tks fd rqyu i=k dh vuqlp

w h & 14 esa ^^lsok fuo`fr ykHk** en ds vkhu ys[kkafdr
fd;k tkrk gSA
th vkbZ lh ls lekfgr fd, x, deZpkfj;ksa ds Hkfo"; fufk@ iS'a ku gsrq th vkbZ lh dh iS'a ku@ Hkfo"; fufk U;kl dks
fok iks"k.k tkjh j[kk gSA
is'a ku fufk] dEiuh }kjk izR;{k HkrhZ fd, deZPkkfj;ksa gsr]q is'a ku fufk fu;ked fodkl izkfkdj.k }kjk vuqcfa kr ubZ
is'a ku ;kstuk (,u ih- ,l-) ds izkokkuksa ds vuqlkj dh tkrh gSA
Hkfo"; esa osru o`f dk vuqeku ds fy, chekadu ewY;kadu] ftlesa eqnkz LiQhfr] ofj"Brk] inksUufr o vU; lEcfUkr
dkjd tSls fd dkfeZdksa ds cktkj esa ekax ,oa iwfrZ ij fopkj djds fy;k tkrk gSA
deZpkfj;ksa ds fgr ykHk o nh?kZdky vuqcUk deZpkfj;ksa ds fgr ykHk dks laf{kIr fLFkfr dks ykHk gkfu [kkrs o rqyu
i=k esa ekU;rk nh tkrh gSA deZpkjh fgr ys[kk ekud&15 (ifj'kksfkr&2005) ds fu;ekuqlkj bl izdkj gS%&
(jkf'k
esa)
minku
e
la-
fooj.k
NqV~Vh
NqV~Vh
is'ku
;kstuk
;k=kk
udnhdj.k
(ih,y$,l,y)
lagkf;dh
(fokh; lgk- jfgr) (fokh; lgk- jfgr) (fokh; lgk- jfgr) (fokh; lgk- jfgr)
orZeku ewY; dh ck;rk esa ifjorZu

d
1 vizy
S 2012 dks
ck;rk
44,491,864
32,529,141
11,041,305
3,291,064
[40,192,471]
[33,205,649]
[4,923,824]
[2,740,685]
[k
orZeku lsok ykxr
3,089,157
[2,608,021]
5,061,088
[5,988,199]
1,766,931
[1,352,673]
3,894,545
[1,861,238]
C;kt ykxr
3,682,915
[3,319,719]
2,803,174
[2,895,980]
953,982
[448,013]
419,067
[293,704]
?k
chekadu
(ykHk)@gfku
fgr ykHk Hkqxrku
2,011,357
[(628,347)]
2,205,523
[(8,296,687)]
2,408,728
[4,316,795]
2,820,023
[(32,899)]
(2,388,995)
[(1,000,000)]
(3,556,164)
[(1,264,000)]
0.00
[0.00]
(3,538,302)
[(1,571,664)]
50,886,298
39,042,762
16,170,946
6,886,397
[44,491,864]
[32,529,141]
[11,041,305]
[3,291,064]
[0]
[0]
[0]
[0]
[0]
[0]
[0]
[0]
M
Pk
31 ekpZ 2013 dks

ck;rk
;kstukxr lEifr dh mfpr ewY; esa ifjorZu

d
a
1 vizy
S 2012 dks ;kstukxr
lEifk dk mfpr ewY;
[k
;kstukxr lEifk
ij laHkkfor izfriQy
va'knku
0
[0]
0
[0]
0
[0]
0
[0]
?k
fgrykHk Hkqxrku
0
[0]
0
[0]
0
[0]
0
[0]
31 ekpZ 2013 dks ;kstukxr

lEifk dk mfpr ewY;
[0]
[0]
[0]
[0]
103

Reconciliation of fair value of assets and obligations

a
Present value of obligation

50,886,298
39,042,762
16,170,946
6,886,397
[44,491,864]
[32,529,141]
[11,041,305]
[3,291,064]

Unfunded amount recognized in the Balance Sheet
50,886,298
39,042,762
16,170,946
6,886,397
[44,491,864]
[32,529,141]
[11,041,305]
[3,291,064]
Expense recognized in the Statement of Profit & Loss Account

a
Current Service Cost
3,089,157
[2,608,021]
5,061,088
[5,988,199]
1,766,931
[1,352,673]
3,894,545
[1,861,238]
Interest Cost
3,682,915
[3,319,719]
2,803,174
[2,895,980]
953,982
[448,013]
419,067
[293,704]
Past Service Cost
Expected return on
Plan Assets
Actuarial (Gain) / Loss
2,011,357
[(628,347)]
2,205,523
[(8,296,687)]
2,408,728
[4,316,795]
2,820,023
[(32,899)]
Expenses recognized
during the year
8,783,429
10,069,785
5,129,641
7,133,635
[5,299,393]
[587,492]
[6,117,481]
[2,122,043]
44,491,864
[40,192,471]
32,529,141
[33,205,649]
11,041,305
[4,923,824]
3,291,064
[2,740,685]
Amount recognized in balance sheet

a
Opening Net Liability
Expense as above
8,783,429
[5,299,393]
10,069,785
[587,492]
5,129,641
[6,117,481]
7,133,635
[2,122,043]
Additional contribution over

and above mandatory
(2,388,995)
(3,556,164)
(3,538,302)
[(1,000,000)]
[(1,264,000)]
[(1,571,664)]
50,886,298
[44,491,864]
39,042,762
[32,529,141]
16,170,946
[11,041,305]
6,886,397
[3,291,064]
Closing Net liability
Principal actuarial assumption as expressed as weighted average

Rate per annum
a
Discount Rate (per annum)
Expected rate of return on

Plan Assets (per annum)
Rate of escalation in
salary (per annum)
8.00%
[8.00%]
8.00%
[8.00%]
8.00%
[8.00%]
8.00%
[8.00%]
N.A
N.A.
N.A.
N.A.
[N.A]
[N.A]
[N.A]
[N.A]
5.00%
5.00%
6.00%
6.00%
[5.00%]
[5.00%]
[6.00%]
[6.00%]
**[figures in square brackets are previous years figures ]

12
Deferred Tax Assets / Liability

The computation of Deferred Tax Asset/ Liability in accordance with Accounting Standard 22 Accounting
for Taxes on Income, has resulted in a Deferred Tax Liability of 4,51,24 thousand as at 31st March 2013
104

lEifk ds mfpr ewY; vkSj nkf;rk esa lkeatL;

d
31 ekpZ 2013 dks nkf;rk
50,886,298
dk orZeku ewY;
39,042,762
16,170,946
6,886,397
[44,491,864]
[32,529,141]
[11,041,305]
[3,291,064]
50,886,298
39,042,762
16,170,946
6,886,397
[44,491,864]
[32,529,141]
[11,041,305]
[3,291,064]
[2,608,021]
5,061,088
[5,988,199]
1,766,931
[1,352,673]
3,894,545
[1,861,238]
3,682,915
[3,319,719]
2,803,174
[2,895,980]
953,982
[448,013]
419,067
[293,704]
2,011,357
[(628,347)]
2,205,523
[(8,296,687)]
2,408,728
[4,316,795]
2,820,023
[(32,899)]
8,783,429
10,069,785
5,129,641
7,133,635
[5,299,393]
[587,492]
[6,117,481]
[2,122,043]
44,491,864
[40,192,471]
32,529,141
[33,205,649]
11,041,305
[4,923,824]
3,291,064
[2,740,685]
[k
x
31 ekpZ 2013 dks ;kstukxr

lEifk dk mfpr ewY;
rqyu i=k esa ekU;
vfufkc jkf'k
ykHk ,oa gkfu [kkrs dh fooj.kh esa ekU; [kpsZ

d
orZeku lsok&ykxr
3,089,157
[k
C;kt ykxr
x
?k
iwoZ lsok ykxr

;kstukxr lEifk ij izR;kf'kr
izfriQy
chekdkad (vfHkykHk)@gkfu
M+
Pk
o"kZ ds nkSjku ekU;

[kpsZ
rqyu i=k esa ekU; jkf'k

d
vkjfEHkd fuoy ns;rk
[k
mijksDr [kpsZ
8,783,429
[5,299,393]
10,069,785
[587,492]
5,129,641
[6,117,481]
7,133,635
[2,122,043]
vfuok;Z vfrfjDr
va'knku
(2,388,995)
(3,556,164)
(3,538,302)
[(1,000,000)]
[(1,264,000)]
[(1,571,664)]
50,886,298
[44,491,864]
39,042,762
[32,529,141]
16,170,946
[11,041,305]
6,886,397
[3,291,064]
?k
lekfIr ij fuoy ns;rk
Hkkfjr vkSlr ds :i esa O;Dr izeq[k chekafdd iwoZ kkj.kk

nj izfr o"kZ
d
NwV nj (okf"kZd)
8.00%
[8.00%]
8.00%
[8.00%]
8.00%
[8.00%]
8.00%
[8.00%]
[k
;kstukxr lEifk ij
izR;kf'kr izfriQy (okf"kZd)
ekU; ugha
ekU; ugha
ekU; ugha
ekU; ugha
[ekU;
osru esa o`f&nj

(okf"kZd)
ugha]
[ekU;
ugha]
[ekU;
ugha]
[ekU;
ugha]
5.00%
5.00%
6.00%
6.00%
[5.00%]
[5.00%]
[6.00%]
[6.00%]
^^ (dks"Bd esa fn;s x, vad xr o"kZ ds vad gS)a

vkLxfxr dj lEifk@ns;rk
12
ys[kk ekud&22 ^^vk; ij djks ds fy, ys[kk** ds vuqlj.k esa vkLFkfxr dj&ifjlEifr@nkf;rk dh lax.kuk ds ifj.kkeLo:i
31 ekpZ 2013 dks vkLFkfxr dj nkf;Ro 4]51]24 gtkj #- jgh (fiNys o"kZ vkLFkfxr dj nkf;Ro 3]10]29 gtkj #- Fkh) rFkk
ys[kk iqLrdksa esa bldk izkokku fd;k x;k gSA
105

(previous year Deferred Tax Asset of account as under:
3,10,29 thousand) and the same has been provided for in the books
in thousand
Deferred Tax Assets
As on 31.03.2013
As on 31.03.2012
(4,89,54)
(69,39)
8,17,13
9,13,53
52
63,11
1,12,21
1,27,12
(18,45,90)
(13,27,56)
9,56,35
(4,51,24)
3,10,29
Difference in WDV
Retirement Benefits
Provision for Loyalty Discount
Provision for PLI & Fees to statutory bodies
Amortization of Investments
Accretion of Investments
TOTAL
Deferred Tax Assets/ Liability
13
Impairment in the Value of Fixed Assets

In accordance with the Accounting Standard 28 Impairment of Assets, the company has assessed as
on the balance sheet date, whether there are any indications (listed in paragraphs 8 to 10 of the Standard)
with regard to impairment of any of the assets. Based on such assessment, it has been ascertained that
no potential loss is present and therefore, formal estimate of recoverable amount has not been made.
Accordingly, no impairment loss has been provided in the books of account.
14
The title deeds in respect of three residential flats located, costing 45,51 thousand at Bangalore, in
possession of the Company, are yet to be transferred from GIC to the Company.
15
Cash Flow Statement

The Company has prepared the Cash Flow Statement for the year under review, adopting the Direct
Method as required under the IRDA Regulations (Annexure - 4).
16
Summary of Financial Statements

The Summary of Financial Statements, as required under the IRDA Regulations, is as per Annexure - 5.
17
Accounting Ratios
Accounting Ratios, as required under the IRDA Regulations, is as per Annexure - 6.
18
Earnings Per Share [EPS]

The Earnings per Share (EPS) of the Company as per Accounting Standard 20 issued by the Institute of
Chartered Accountants of India is as under:
Particulars
Profit after Tax (net of prior-period adjustments)
Weighted number of Equity Shares
Nominal Value of Share
Basic & Diluted EPS
19
Current Year
2012-13
Previous Year
2011-12
3,48,21,19 thousand
20,00,00 thousand
10/- per Share
17.41
502,21,87 thousand
20,00,00 thousand
10/- per Share
25.11
Legal Cases
In respect of legal cases filed by the insured farmers under NAIS which have been awarded against the
Company by the Original Court of jurisdiction, necessary provision there-against have been made to the
extent of the liability of the Company as per the provisions of the Scheme.
20
Micro, Small and Medium Enterprises Development Act, 2006

The Company has no suppliers who fall into the category of Micro, Small and Medium Enterprises as
defined in The Micro, Small and Medium Enterprises Development Act, 2006. Hence there is no amount
due to Micro, Small and Medium Enterprises for the year ended 31st March, 2013. (Previous
Year Nil).
106

(jkf'k gtkj esa)

31-03-2012 dks
(69]39)
9]13]53
1]12]21
vkLFkfxr dj ifjlEifk;k
31-03-2013 dks
MCY;w Mh oh esa vUrj
(4]89]54)
lsokfuo`fk fgrykHk
8]17]13
yk;YVh NwV ds fy, izkokku
52
lkafofkd fudk; dh 'kqYd o dk;Z fu"iknu&lg
63]11
izkRs lkgu ds fy, izkokku
fuos'k dk ifj'kksku
1]27]12
fuos'k o`f
(18]45]90)
;ksx
(13]27]56)
9]56]35
vkLFkfxr dj lEifk@ns;rk
(4]51]24)
3]10]29
LFkkbZ lEifk ds ewY; esa deh (fxjkoV)
13
ys[kk ekud&28 ^îfjlEifk;ksa dh {kfr** ds vuqlkj] dEiuh us rqyu i=k dh frfFk dks ;g ewY;kadu fd;k fd D;k fdlh Hkh
ifjlEifk ds lEcUk esa {kfr ds dksbZ ladrs gSa (ekud ds iSjkxzkiQ 8 ls 10 esa lwphc)A bl ewY;kadu ds vkkkj ij ;g fuf'pr
fd;k x;k fd okZeku esa dksbZ lEHkkfor gkfu gS vkSj blfy, vkSipkfjd olwyh ;ksX; jkf'k dk vkdyu ugha fd;k x;k gSA rn~ul
q kj
ys[kk&iqLrdksa esa fdlh {kfr&gkfu dk izkokku ugha fd;k x;k gSA
14
dEiuh ds dCts esa caxyksj fLFkr 45]51 gtkj dher ds 3 fjgk;'kh edkuksa ds lanHkZ esa th vkbZ lh ls dEiuh ds uke VkbZVy
foys[k LFkkUrj.k gksuk vHkh ckdh gSA
udn izokg fooj.k
15
dEiuh us voyksfdr o"kZ ds fy, vkbZ vkj Mh , fofu;eks (layXud & 4) ds vUrxZr] vko';d izR;{k fofk dks viukrs gq,
udn izokg fooj.kh rS;kj dh gSA
fokh; fooj.kh dk lkjka'k
16
fokh; fooj.kh lkjka'k dks vkbZ vkj Mh , fofu;eksa ds vuqlkj layXud & 5 ij gSA
ys[kk vuqikr
17
^^ys[kk vuqikr**vkbZ vkj Mh , fouk;eksa ds vuqlkj lyaXud &6 ij gSA
vk; izfr 'ks;j (bZ ih ,l)
18
Hkkjrh; lunh ys[kkdkj laLFkk }kjk tkjh ys[kk ekud &20 ds vuqlkj dEiuh ds izfr 'ks;j vk; fuEu izdkj gSa %&
fooj.k
orZeku o"kZ
xr o"kZ
2012&13
2011&12
dj mijkar ykHk (fuoy&iwoZ vofk lek;kstu)
3]48]21]19 gtkj
502]21]87 gtkj
bfDoVh 'ks;jksa dh Hkkfjr la[;k
20]00]00 gtkj
20]00]00 gtkj
'ks;j dh U;wure dher
10@& izfr va'k
10@& izfr va'k
ewy o MkbZY;wVhM bZih ,l
17-41
25-11
19
20
fofk ekeys
,u , vkbZ ,l ds vkhu chekd`r fdlkuksa }kjk nk;j fd, x, fofkd ekeyksa ds lanHkZ] esa ftu ij vfkdkj {ks=k ds okLrfod
U;k;ky; }kjk dEiuh ds fo# fu.kZ; fn, x,] muds fy, ;kstuk esa izkokkuksa ds vuqlkj] dEiuh ds nkf;Roksa dh lhek rd t:jh
izkokku dj fy, x, gSAa
lw{e] NksVs ,oa e;e m|e fodkl vfkfu;e 2006
dEiuh dk dksbZ fosrk ugha gS tks lw{e] NksVs o e;e m|e dh Js.kh esa vkrk gks vkSj ftUgsa lw{e NksVs] ,oa e;e m|e~
fodkl vfkfu;e 2006 esa ifjHkkf"kr fd;k x;k gksA vr% 31 ekpZ 2013 dks lekIr o"kZ esa lw{;] NksVs ,oa e;e m|e dh
jkf'k cdk;k ugha gSA (xr o"kZ 'kwU; #-)
107

21
22
Presentation
Figures in brackets, unless stated otherwise, reflect negative figures.
Previous Years Figures
Previous years figures have been regrouped and restated, as per the requirements of IRDA reporting
norms, or else wherever deemed necessary, to make it comparable with the current years figures.
Statement showing the Age-wise Analysis of the Unclaimed amount of the Policyholders As on 31.03.2013
in Thousands
SN
Particulars
Total
AGE-WISE ANALYSIS
Amount
4-12
13-18
19-24
25-30
31-36
Beyond
months months months months months 36 months
Claims settled but not

paid to the policyholders/
insured due to any reasons
except under litigation from
the insured/policyholders
730955
718936
8119
3347
274
266
13
Sum due to the insured /

policyholders on maturity or
otherwise
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.
109260
86962
4445
9262
4825
2879
887
Cheques issued by the insurer

for Settlement of Claims/excess
collection etc. and cheques have
not been encashed by the
policyholders/insured.
76289
11046
21707
22674
7304
4211
9347

Company Secretary
(K. N. Bhandari)
Director
DIN 00191219
(M. K. Poddar)
(S. Surenther)
Director
DIN 01715089

(G. Anandan)
General Manager
(P. J. Joseph)
DIN 05229601
(Abhinav Khosla)
Partner
M.No. 087010
(Sumit Ghei)
Partner
M.No.097893
Place: New Delhi

Date: 18.06.2013
108

21
22
e
la-
izLrqfr
dks"Bd esa vad] tc rd vU;Fkk mYys[k u gks] udkjkRed vkadM+s n'kkZrs gSAa
fiNys lky ds vkadMs+
xr o"kZ ds vkadMs vkbZ vkj Mh , dh fjiksfVZxa fu;eksa ds vuqlkj vyx vyx iqu% oxhZdr` fd, x, gSa ;k tgk ij vko';drk
le>h xbZ gS orZeku o"kZ ds lkFk budh rqyuk dh xbZ gSA
31 ekpZ 2013 dks ikWfylhkkjdksa ds u fd, x, nkoksa dk vofk&okj fo'ys"k.kksa dh fooj.kh
gtkj eas
fooj.k
dqy
vofkokj fo'ys"k.k
jde
4&12
13&18 19&24 25&30 31&36
36 ekg
ekg
ekg
ekg
ekg
ekg
ls vfkd
1 ikWfylh kkjdksa dks chfer }kjk

dkuwuh otg ds vfrfjDr
fdlh otg ls fd, x,
nkoksa dk fuiVku ijUrq Hkxrku
u gqvk gksA
2 chekkkfjr@ chekd`r dks ifjiDork ij
ns; jkf'k ;k
vU;Fkk
3 izhfe;e@dj dh vfkd mxkgh
;k dksbZ vU; izHkkj] tks fd
chekkkfjr dks ykSVk;k tkus ;ksX; gS]a pkgs
ikWfylh dks fu;eksa o 'krksaZ ls ;k
dkuwu ;k izkfkdj.k }kjk
vknsf'kr gS fdUrq vHkh rd
ugha ykSVk;k x;k
gSA
4 nkoksa ds fuiVku@ vfkd mxkgh
vkfn ds fy, chekdrkZ }kjk
pSd tkjh fd, x, vkSj
pSd ikWfylhkkjd@ chekd`r }kjk
vHkh rd Hkquk, ugha x,A
730955
718936
8119
3347
274
266
13
109260
86962
4445
9262
4825
2879
887
76289
11046
21707
22674
7304
4211
9347

daiuh lfpo
(,e- ds- iksn~nkj)

mi egk izcakd
(ds- ,u- HkaMkjh)

funs'kd
Mh vkbZ ,u 00191219
(,l- lqjsUFkj)
funs'kd
Mh vkbZ ,u 01715089

(th- vkuanu)
egk izcakd
(ih- ts- tksliQ)
Mh vkbZ ,u 05229601
d`rs eSllZ ds- ds- ?kbZ ,oa dalunh ys[kkdkj
(vfHkuo [kkslyk)
Hkkxhnkj
,e ua- 087010
(lqfer ?kbZ)
Hkkxhnkj
,e ua- 097893
LFkku % ubZ fnYyh

fnukad 18-06-2013
109
110
BHOPAL
Madhya Pradesh
AHMEDABAD
Gujarat
BANGALORE
Karnataka
HEAD OFFICE
New Delhi
(Govt. of India)
State/ UT Govt.
SN
Corpus
Fund
0.00
0.00
0.00
67,056,552.34
810,908,665.73
0.00
(442,513,194.85)
442,513,194.85
743,852,113.39
Opening Bal. (01.04.2012)

141,990,485.73
Receipts (from Govt.)
Interest income on Govt. Funds
Credit-adjustments (rct)
Credit-adjustments (others)
Payments (to Govt.)
Debit-adjustments (pmt)
Debit-adjustments (others)
Payment to other Insurance Companies
Apportionment
Income Share on Corpus Fund
12,800,114.79
Closing Bal. (31.03.2013)
154,790,600.52

Payments (to Govt.)
Apportionment

Payments (to Govt.)
Apportionment

125,197,222.13
Payments (to Govt.)
Apportionment
11,286,240.81
136,483,462.93
Particulars
(2,964,227.93)
(2,964,228.21)
(2,044,802.72)
2,044,803.00
(2,114,783.22)
(1,007,795.81)
166,000.00
(3,517,987.41)
2,245,000.00
(2,940,332.47)
(2,940,331.86)
0.00
(1,721,782.61)
1,721,782.00
(19,965,516.64)
(19,783,196.86)
(182,319.78)
A&O
Expenses
(380,824.97)
(380,825.39)
(109,796.58)
109,797.00
1,236,980.97
(450,664.81)
1,687,645.78
373,070.89
(221,860.30)
594,931.19
0.00
(409,963.28)
48,937,601.34
(5,657,777.08)
3,505,970.96
(48,570,765.57)
(35,243,714.59)
37,500,993.40
102.38
9,243,715.00
25,999,999.59
(31,293,315.27)
365,408.72
49,454,049.00
27,475,310.58
0.00
1,022,325.78
(191,193,442.00)
(1,727,422.98)
(485,158.24)
194,428,349.00
2,077,323.48
1,127,735.00
41,578,807.16
(24,140,240.00)
(238,562,489.58)
(27,161,145.26)
(71,688,530.33)
3,742,564.30
(462,782,357.24)
(14,417,661.90)
33,662,044.50
287,261,142.00
0.02
(2,192,572.75)
(71,811.23)
2,264,384.00
(3,140,322,237.00)
0.00
0.00
(1,278,302,432.74)
(6,555,670,836.72)
(72,309,359.02)
8,490,000,000.00
Premium
Subsidy
(WBCIS & Ors)
nais govt fund
44,851,765.42
456,081,000.00
2,322,976,307.84
(884,489,111.22)
(6,325.00)
865,160.13
76,755.93
3,206,529,828.00
423,673,698.43
(6,686,488,299.65)
86,683,954.07
7,000,000,000.00
23,478,044.01
Claims
Share
22,703,522.04
22,648,039.00
425,974.13
(6,808,512.50)
(166,000.00)
4,989,486.63
2,411,000.00
1,818,297.45
(18,031,195.71)
19,044,510.16
804,983.00
(106,325,699.13)
(106,325,699.13)
0.00
Bank
Service
Charges
153,661.40
4,729,691.00
1,767,147.51
(3,669,862.14)
2,474,009.65
2,963,000.00
6,805,164.77
(267,186,078.76)
7,021,590.53
266,969,653.00
(291,492,854.65)
(306,827,070.24)
(6,128,354.14)
(852,172.14)
15,334,215.59
Premium
Subsidy
(NAIS)
5,276,182.00
Publicity
Expenses
GOVERNMENT FUND STATEMENT

AS ON 31.03.2013
162,573,320.35
273,414,728.00
0.00
37,501,095.78
35,243,714.59
0.00
(87,630,106.29)
(35,243,714.59)
(191,193,442.00)
(2,964,228.21)
12,800,114.79
204,501,482.42
84,146,964.56
750,961,142.00
0.00
4,870,299.30
41,744,807.16
(24,140,240.00)
(712,273,886.27)
(41,744,807.16)
(71,688,530.33)
(1,007,795.81)
0.00
30,867,953.46
768,796,307.35
3,478,290,630.00
0.00
865,160.13
442,513,194.85
0.00
(1,172,120,818.74)
(442,519,519.85)
0.00
(2,940,331.86)
67,056,552.34
3,139,941,174.22
159,999,894.99
15,490,000,000.00
23,478,044.01
0.00
0.00
0.00
(13,661,440,259.88)
0.00
(3,140,322,237.00)
(19,783,196.86)
11,286,240.81
(1,136,781,513.93)
TOTAL
Amount (In.
ANNEXURE-7
111
e
la-
Hkks i ky
e; izns'k
ca x ykS j
dukZVd
vgenkckn
xqtjkr
eq[; dk;kZy;
ubZ fnYyh
(Hkkjr ljdkj)
jkT;@
dsUnz 'kkflr
iz n s ' k
Ok"kZ ds izkjaHk esa 'ks"k (01.04.2012)

IkzkfIr;k (ljdkj ls)
Lkjdkjh fufk;ksas ij C;kt vk;
Tkek lek;kstu (vkj lh Vh)
tek % lek;kstu (vU;)
Hkqxrku (ljdkj dks)
Ukkes % lek;kstu (ih ,e Vh)
Ukkes % lek;kstu (vU;)
vU; chek daifu;ksa dks Hkqxrku
vkcaVu
dkiZl iQaM ij vk; 'ks;j
Ok"kZ ds var esa 'ks"k (31.03.2013)
Ok"kZ ds izkjaHk esa 'ks"kk. (01.04.2012)

Hkqxrku (ljdkj dks)
vkcaVu

Hkqxrku (ljdkj dks)
vkcaVu

Hkqxrku (ljdkj dks)
vkcaVu
fooj.k
12,800,114.79
154,790,600.52
141,990,485.73
0.00
0.00
0.00
67,056,552.34
810,908,665.73
0.00
(442,513,194.85)
442,513,194.85
743,852,113.39
11,286,240.81
136,483,462.93
125,197,222.13
dkiZl
fufk
(2,964,227.93)
(2,964,228.21)
(2,044,802.72)
2,044,803.00
(2,114,783.22)
(1,007,795.81)
166,000.00
(3,517,987.41)
2,245,000.00
(2,940,332.47)
(2,940,331.86)
0.00
(1,721,782.61)
1,721,782.00
(19,965,516.64)
(19,783,196.86)
(182,319.78)
, ,.Ma vks
O;;
(380,824.97)
(380,825.39)
(109,796.58)
109,797.00
1,236,980.97
(450,664.81)
1,687,645.78
373,070.89
(221,860.30)
594,931.19
0.00
(409,963.28)
48,937,601.34
(5,657,777.08)
3,505,970.96
(48,570,765.57)
(35,243,714.59)
37,500,993.40
102.38
9,243,715.00
25,999,999.59
(31,293,315.27)
365,408.72
49,454,049.00
27,475,310.58
0.00
1,022,325.78
(191,193,442.00)
(1,727,422.98)
(485,158.24)
194,428,349.00
2,077,323.48
1,127,735.00
41,578,807.16
(24,140,240.00)
(238,562,489.58)
(27,161,145.26)
(71,688,530.33)
3,742,564.30
(462,782,357.24)
(14,417,661.90)
33,662,044.50
287,261,142.00
0.02
(2,192,572.75)
(71,811.23)
2,264,384.00
(3,140,322,237.00)
0.00
0.00
(1,278,302,432.74)
(6,555,670,836.72)
(72,309,359.02)
8,490,000,000.00
;ksx
162,573,320.35
273,414,728.00
0.00
37,501,095.78
35,243,714.59
0.00
(87,630,106.29)
(35,243,714.59)
(191,193,442.00)
(2,964,228.21)
12,800,114.79
204,501,482.42
84,146,964.56
750,961,142.00
0.00
4,870,299.30
41,744,807.16
(24,140,240.00)
(712,273,886.27)
(41,744,807.16)
(71,688,530.33)
(1,007,795.81)
0.00
30,867,953.46
768,796,307.35
3,478,290,630.00
0.00
865,160.13
442,513,194.85
0.00
(1,172,120,818.74)
(442,519,519.85)
0.00
(2,940,331.86)
67,056,552.34
3,139,941,174.22
159,999,894.99
15,490,000,000.00
23,478,044.01
0.00
0.00
0.00
(13,661,440,259.88)
0.00
(3,140,322,237.00)
(19,783,196.86)
11,286,240.81
(1,136,781,513.93)
izhfe;e
va ' knku
(MCY;wchlhvkbZ,l o vU;)
ljdkjh fufk
44,851,765.42
456,081,000.00
2,322,976,307.84
(884,489,111.22)
(6,325.00)
865,160.13
76,755.93
3,206,529,828.00
423,673,698.43
(6,686,488,299.65)
86,683,954.07
7,000,000,000.00
23,478,044.01
nkos esa
fgLls n kjh
22,703,522.04
22,648,039.00
425,974.13
(6,808,512.50)
(166,000.00)
4,989,486.63
2,411,000.00
1,818,297.45
(18,031,195.71)
19,044,510.16
804,983.00
(106,325,699.13)
(106,325,699.13)
0.00
cSad
ls o k
iz H kkj
153,661.40
4,729,691.00
1,767,147.51
(3,669,862.14)
2,474,009.65
2,963,000.00
6,805,164.77
(267,186,078.76)
7,021,590.53
266,969,653.00
(291,492,854.65)
(306,827,070.24)
(6,128,354.14)
(852,172.14)
15,334,215.59
izhfe;e
va ' knku
(,u , vkbZ ,l)
5,276,182.00
izpkj
O;;
jkf'k (
31-03-2013 dks
esa)
vuqyXud &7
ljdkjh iQaM dk fooj.k

Jammu & Kashmir
6 (C)
CHANDIGARH
Himachal Pradesh
6 (A)
Haryana
BHUBANESHWAR
Orissa
6 (B)
State/ UT Govt.
SN
112

Payments (to Govt.)
Apportionment

Payments (to Govt.)
Apportionment

Payments (to Govt.)
Apportionment

Payments (to Govt.)
Apportionment
Particulars
0.00
0.00
0.00
332,272.61
4,018,141.86
3,685,869.25
0.00
0.00
0.00
0.00
0.00
0.00
Corpus
Fund
(76,885.88)
(53,090.56)
(23,795.32)
(291,534.59)
(109,970.05)
(181,564.55)
(249,367.21)
(142,953.58)
(408,127.95)
301,714.32
(12,774,847.90)
(1,203,014.31)
(11,571,833.58)
A&O
Expenses
(130,779.84)
(97,770.05)
(33,009.79)
69,833.67
(74,689.26)
144,522.93
(6,556.00)
(6,556.00)
(47,495.87)
47,495.87
(1,839,401.61)
(1,839,401.61)
Publicity
Expenses
(311,672.00)
(286,087.07)
65.00
(25,649.93)
296,593.74
(160,659.87)
5,311.51
451,942.10
(9,193,691.33)
(9,195,742.25)
2,050.92
(9,716,725.76)
9,716,725.76
(36,579,605.65)
(36,175,292.84)
(30,336,183.08)
29,931,870.27
Premium
Subsidy
(NAIS)
70,588.53
70,588.53
156,734.10
156,734.10
389,412.77
202,259.90
187,152.87
10,377.10
2.53
2.53
23.30
23.30
(29,095.93)
(10,241,297.66)
12,021.55
10,200,180.18
(244,200.26)
(1,610,210.29)
(2,924,167,158.22)
1,610,210.29
10,377.10
(13,931,777.85)
(0.14)
(244,200.25)
2,924,167,158.21
Claims
Share
5,377,192.21
8,554,585.78
Bank
Service
Charges
0.00
0.00
0.00
(84,037,605.16)
(44,642,654.00)
(93,227,927.32)
808,064.93
(17,169,188.77)
70,194,100.00
0.00
(46,434,355.22)
(4,510,395.00)
(46,956,402.16)
6,727.50
(27,255,243.56)
32,280,958.00
461,617.31
(7,651,950.68)
(0.87)
208,490.96
7,905,077.90
Premium
Subsidy
(WBCIS & Ors)
nais govt fund
(11,863.98)
0.00
0.00
65.00
0.00
0.00
(383,857.12)
0.00
0.00
(53,090.56)
0.00
(448,746.65)
(12,911,661.64)
70,194,100.00
0.00
813,376.44
0.00
0.00
(93,463,276.45)
0.00
(44,642,654.00)
(109,970.05)
332,272.61
(79,787,813.08)
(37,213,311.68)
52,734,227.00
0.00
8,778.42
0.00
0.00
(66,399,998.07)
0.00
(4,510,395.00)
(142,953.58)
0.00
(55,523,652.92)
(38,405,935.35)
2,970,558,692.16
0.00
1,620,587.39
0.00
(1,610,210.29)
(2,981,926,179.59)
(1.01)
0.00
(1,203,014.31)
0.00
(50,966,061.01)
TOTAL
113
gfj;k.kk
tEew vkSj d'ehj
6 (x)
paMhx<+
fgekpy izns'k
Hkq o us ' oj
mM+ h lk
jkT;@
dsUnz 'kkflr
iz n s ' k
6 ([k)
6 (d)
e
la-

Hkqxrku (ljdkj dks)
vkcaVu

Hkqxrku (ljdkj dks)
vkcaVu

Hkqxrku (ljdkj dks)
vkcaVu

Hkqxrku (ljdkj dks)
vkcaVu
fooj.k
0.00
0.00
0.00
332,272.61
4,018,141.86
3,685,869.25
0.00
0.00
0.00
0.00
0.00
0.00
dkiZl
fufk
(76,885.88)
(53,090.56)
(23,795.32)
(291,534.59)
(109,970.05)
(181,564.55)
(249,367.21)
(142,953.58)
(408,127.95)
301,714.32
(12,774,847.90)
(1,203,014.31)
(11,571,833.58)
, ,.Ma vks
O;;
(130,779.84)
(97,770.05)
(33,009.79)
69,833.67
(74,689.26)
144,522.93
(6,556.00)
(6,556.00)
(47,495.87)
47,495.87
(1,839,401.61)
(1,839,401.61)
izpkj
O;;
(311,672.00)
(286,087.07)
65.00
(25,649.93)
296,593.74
(160,659.87)
5,311.51
451,942.10
(9,193,691.33)
(9,195,742.25)
2,050.92
(9,716,725.76)
9,716,725.76
(36,579,605.65)
(36,175,292.84)
(30,336,183.08)
29,931,870.27
izhfe;e
va ' knku
(,u , vkbZ ,l)
70,588.53
70,588.53
156,734.10
156,734.10
389,412.77
202,259.90
187,152.87
10,377.10
2.53
2.53
23.30
23.30
(29,095.93)
(10,241,297.66)
12,021.55
10,200,180.18
(244,200.26)
(1,610,210.29)
(2,924,167,158.22)
1,610,210.29
10,377.10
(13,931,777.85)
(0.14)
(244,200.25)
2,924,167,158.21
nkos esa
fgLls n kjh
5,377,192.21
8,554,585.78
cSad
ls o k
iz H kkj
0.00
0.00
0.00
(84,037,605.16)
(44,642,654.00)
(93,227,927.32)
808,064.93
(17,169,188.77)
70,194,100.00
0.00
(46,434,355.22)
(4,510,395.00)
(46,956,402.16)
6,727.50
(27,255,243.56)
32,280,958.00
461,617.31
(7,651,950.68)
(0.87)
208,490.96
7,905,077.90
;ksx
(11,863.98)
0.00
0.00
65.00
0.00
0.00
(383,857.12)
0.00
0.00
(53,090.56)
0.00
(448,746.65)
(12,911,661.64)
70,194,100.00
0.00
813,376.44
0.00
0.00
(93,463,276.45)
0.00
(44,642,654.00)
(109,970.05)
332,272.61
(79,787,813.08)
(37,213,311.68)
52,734,227.00
0.00
8,778.42
0.00
0.00
(66,399,998.07)
0.00
(4,510,395.00)
(142,953.58)
0.00
(55,523,652.92)
(38,405,935.35)
2,970,558,692.16
0.00
1,620,587.39
0.00
(1,610,210.29)
(2,981,926,179.59)
(1.01)
0.00
(1,203,014.31)
0.00
(50,966,061.01)
izhfe;e
va ' knku
ljdkjh fufk

0.00
0.00
0.00
Corpus
Fund
Andaman & Nicobar Opening Bal. (01.04.2012)

Payments (to Govt.)
Apportionment

Payments (to Govt.)
Apportionment
114
366,448.67
4,431,429.71
4,064,981.05
1,067,817.09
12,913,012.95
11,845,195.86

125,136,436.28
Payments (to Govt.)
Apportionment
11,280,761.10
136,417,197.38
7 (C)
CHENNAI
Tamil Nadu
7 (A)

Payments (to Govt.)
Apportionment
Pondicherry
Punjab
6(D)
Particulars
7 (B)
State/ UT Govt.
SN
(3,741.57)
(1,331.27)
(2,410.31)
(65,284.62)
(2,992.52)
(62,292.10)
(7,716,271.75)
(1,564,656.44)
(6,151,615.31)
0.00
0.00
0.00
A&O
Expenses
(63,736.56)
(63,736.56)
(128,607.03)
(128,607.03)
(817,326.59)
(817,329.62)
(349,504.97)
349,508.00
(833,749.67)
(875,503.20)
(2,973,583.81)
3,015,337.34
(227,431,834.30)
(480,230,470.67)
(547,099.32)
(1,644,582.41)
(273,157,432.49)
525,956,068.86
0.00
0.00
Premium
Subsidy
(NAIS)
(1,097,483.09)
0.00
0.00
Publicity
Expenses
1,068.56
791.56
277.00
90,210.94
49,730.10
40,480.84
20,244,128.14
(3,507,622.24)
17,325,188.24
6,426,562.14
0.00
0.00
Bank
Service
Charges
0.51
(46,942.55)
0.06
46,943.00
0.00
(1,823,271.90)
0.00
1,823,271.90
129,678,784.56
(809,406,457.94)
76,378,055.00
3,413.77
69,492,715.73
793,211,058.00
0.00
0.00
Claims
Share
0.00
0.00
0.00
0.00
0.00
29,305,474.31
(12,336,018.00)
(101,417,821.17)
(40,696,288.52)
183,755,602.00
0.00
0.00
Premium
Subsidy
(WBCIS & Ors)
nais govt fund
3,650,120.83
396,728.00
0.00
0.00
0.00
(46,942.55)
(817,329.62)
0.00
0.00
(1,331.27)
366,448.67
3,547,694.06
8,730,443.03
4,879,090.08
0.00
0.00
0.00
0.00
(2,698,775.10)
0.00
0.00
(2,992.52)
1,067,817.09
11,975,582.57
(109,148,479.16)
1,509,349,291.00
0.00
76,378,055.00
3,413.77
0.00
(1,395,109,471.34)
0.00
(12,336,018.00)
(1,564,656.44)
11,280,761.10
78,852,895.93
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
TOTAL
115
ika f Mps j h
v.Meku fudksckj
7 (x)
pSUubZ
rfeyukMw
iatkc
jkT;@
dsUnz 'kkflr
iz n s ' k
7 ([k)
7 (d)
6(?k)
e
la-

Hkqxrku (ljdkj dks)
vkcaVu

Hkqxrku (ljdkj dks)
vkcaVu

Hkqxrku (ljdkj dks)
vkcaVu

Hkqxrku (ljdkj dks)
vkcaVu
fooj.k
366,448.67
4,431,429.71
4,064,981.05
1,067,817.09
12,913,012.95
11,845,195.86
11,280,761.10
136,417,197.38
125,136,436.28
0.00
0.00
0.00
dkiZl
fufk
(3,741.57)
(1,331.27)
(2,410.31)
(65,284.62)
(2,992.52)
(62,292.10)
(7,716,271.75)
(1,564,656.44)
(6,151,615.31)
0.00
0.00
0.00
, ,.Ma vks
O;;
(63,736.56)
(63,736.56)
(128,607.03)
(128,607.03)
(817,326.59)
(817,329.62)
(349,504.97)
349,508.00
(833,749.67)
(875,503.20)
(2,973,583.81)
3,015,337.34
(227,431,834.30)
(480,230,470.67)
(547,099.32)
(1,644,582.41)
(273,157,432.49)
525,956,068.86
0.00
0.00
izhfe;e
va ' knku
(,u , vkbZ ,l)
(1,097,483.09)
0.00
0.00
izpkj
O;;
1,068.56
791.56
277.00
90,210.94
49,730.10
40,480.84
20,244,128.14
(3,507,622.24)
17,325,188.24
6,426,562.14
0.00
0.00
cSad
ls o k
iz H kkj
0.51
(46,942.55)
0.06
46,943.00
0.00
(1,823,271.90)
0.00
1,823,271.90
129,678,784.56
(809,406,457.94)
76,378,055.00
3,413.77
69,492,715.73
793,211,058.00
0.00
0.00
nkos esa
fgLls n kjh
0.00
0.00
0.00
0.00
0.00
29,305,474.31
(12,336,018.00)
(101,417,821.17)
(40,696,288.52)
183,755,602.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
;ksx
3,650,120.83
396,728.00
0.00
0.00
0.00
(46,942.55)
(817,329.62)
0.00
0.00
(1,331.27)
366,448.67
3,547,694.06
8,730,443.03
4,879,090.08
0.00
0.00
0.00
0.00
(2,698,775.10)
0.00
0.00
(2,992.52)
1,067,817.09
11,975,582.57
(109,148,479.16)
1,509,349,291.00
0.00
76,378,055.00
3,413.77
0.00
(1,395,109,471.34)
0.00
(12,336,018.00)
(1,564,656.44)
11,280,761.10
78,852,895.93
izhfe;e
va ' knku
ljdkjh fufk

116
MANIPUR
9 (C)
GUWAHATI
Assam
9 (A)
Meghalaya
DEHRADUN
Uttaranchal
9 (B)
State/ UT Govt.
SN

Payments (to Govt.)
Apportionment

Payments (to Govt.)
Apportionment

Payments (to Govt.)
Apportionment

Payments (to Govt.)
Apportionment
Particulars
0.00
0.00
0.00
563,509.03
6,814,462.46
6,250,953.43
0.00
0.00
0.00
13,949.73
168,692.77
154,743.04
Corpus
Fund
61,889.29
(31,687.09)
93,576.38
212,008.00
(11,461.98)
223,469.98
(4,933,730.15)
(263,616.23)
(4,670,113.93)
93,811.13
(169,686.24)
263,497.37
A&O
Expenses
(191,958.18)
(191,958.18)
(32,140.58)
(67,939.83)
(85,223.21)
85,223.21
(35,799.25)
(214,881.88)
(108,254.77)
(78,450.31)
159,328.71
(106,627.11)
237,779.02
(3,603,513.23)
(2,484,716.20)
(269,201.25)
(1,531,683.75)
(2,254,032.32)
1,135,235.29
(1,262,482.50)
1,194,806.24
(1,122,156.07)
(3,227,022.82)
(46,123.24)
240,793.72
5,543,985.13
Premium
Subsidy
(NAIS)
286,916.96
Publicity
Expenses
27,922.73
0.00
27,922.73
20,168.94
20,168.94
149,527.07
(428,734.90)
335,985.55
242,276.42
134,389.69
(865,610.31)
1,000,000.00
Bank
Service
Charges
80,412.94
(2,388,135.06)
80,412.94
2,388,135.06
441,566.77
441,566.77
373,986.72
0.00
373,986.72
0.00
5,047,699.98
(14,978.92)
5,062,678.90
Claims
Share
0.00
0.00
0.00
0.00
(910,993.45)
(448,687.90)
(2,783,068.84)
2,320,763.29
0.00
2,019,694.02
(18,526,339.05)
3,227,022.82
(15,380,349.75)
32,699,360.00
Premium
Subsidy
(WBCIS & Ors)
nais govt fund
52,966.86
2,501,281.00
0.00
0.00
0.00
0.00
(2,612,233.82)
0.00
0.00
(31,687.09)
0.00
(89,673.05)
7,067,311.03
0.00
0.00
0.00
0.00
0.00
(186,705.08)
0.00
0.00
(11,461.98)
563,509.03
7,432,653.01
(10,259,725.31)
3,698,275.00
0.00
0.00
0.00
0.00
(3,631,340.25)
0.00
0.00
(263,616.23)
0.00
(10,456,406.79)
(3,068,528.35)
32,699,360.00
0.00
0.00
3,227,022.82
0.00
(20,575,207.59)
(3,227,022.82)
0.00
(169,686.24)
13,949.73
8,899,887.55
TOTAL
117
es ? kky;
ef.kiq j
9 (x)
xq o kgkVh
vklke
ns g jknw u
mkjka p y
jkT;@
dsUnz 'kkflr
iz n s ' k
9 ([k)
9 (d)
e
la-

Hkqxrku (ljdkj dks)
vkcaVu

Hkqxrku (ljdkj dks)
vkcaVu

Hkqxrku (ljdkj dks)
vkcaVu

Hkqxrku (ljdkj dks)
vkcaVu
fooj.k
0.00
0.00
0.00
563,509.03
6,814,462.46
6,250,953.43
0.00
0.00
0.00
13,949.73
168,692.77
154,743.04
dkiZl
fufk
61,889.29
(31,687.09)
93,576.38
212,008.00
(11,461.98)
223,469.98
(4,933,730.15)
(263,616.23)
(4,670,113.93)
93,811.13
(169,686.24)
263,497.37
, ,.Ma vks
O;;
(191,958.18)
(191,958.18)
(32,140.58)
(67,939.83)
(85,223.21)
85,223.21
(35,799.25)
(214,881.88)
(108,254.77)
(78,450.31)
159,328.71
(106,627.11)
237,779.02
(3,603,513.23)
(2,484,716.20)
(269,201.25)
(1,531,683.75)
(2,254,032.32)
1,135,235.29
(1,262,482.50)
1,194,806.24
(1,122,156.07)
(3,227,022.82)
(46,123.24)
240,793.72
5,543,985.13
izhfe;e
va ' knku
(,u , vkbZ ,l)
286,916.96
izpkj
O;;
27,922.73
0.00
27,922.73
20,168.94
20,168.94
149,527.07
(428,734.90)
335,985.55
242,276.42
134,389.69
(865,610.31)
1,000,000.00
cSad
ls o k
iz H kkj
80,412.94
(2,388,135.06)
80,412.94
2,388,135.06
441,566.77
441,566.77
373,986.72
0.00
373,986.72
0.00
5,047,699.98
(14,978.92)
5,062,678.90
nkos esa
fgLls n kjh
0.00
0.00
0.00
0.00
(910,993.45)
(448,687.90)
(2,783,068.84)
2,320,763.29
0.00
2,019,694.02
(18,526,339.05)
3,227,022.82
(15,380,349.75)
32,699,360.00
izhfe;e
va ' knku
ljdkjh fufk
52,966.86
2,501,281.00
0.00
0.00
0.00
0.00
(2,612,233.82)
0.00
0.00
(31,687.09)
0.00
(89,673.05)
7,067,311.03
0.00
0.00
0.00
0.00
0.00
(186,705.08)
0.00
0.00
(11,461.98)
563,509.03
7,432,653.01
(10,259,725.31)
3,698,275.00
0.00
0.00
0.00
0.00
(3,631,340.25)
0.00
0.00
(263,616.23)
0.00
(10,456,406.79)
(3,068,528.35)
32,699,360.00
0.00
0.00
3,227,022.82
0.00
(20,575,207.59)
(3,227,022.82)
0.00
(169,686.24)
13,949.73
8,899,887.55
;ksx

118
KOLKATA
West Bengal
12 (A)
HYDERABAD
Andhra Pradesh
10
JAIPUR
Rajasthan
MIJORAM
9 (D)
11
State/ UT Govt.
SN

Payments (to Govt.)
Apportionment

Payments (to Govt.)
Apportionment

Payments (to Govt.)
Apportionment

Payments (to Govt.)
Apportionment
Particulars
448,485.98
5,423,499.35
4,975,013.37
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Corpus
Fund
(11,320,527.26)
(1,035,660.08)
(10,284,867.18)
(1,074,278.01)
(432,153.02)
(642,124.99)
(120,858.01)
(2,462,819.19)
2,341,961.17
0.00
0.00
0.00
A&O
Expenses
(680,932,028.73)
(393,169,179.70)
(378,497.01)
(1,438,233.18)
(403,061,096.75)
115,298,247.72
(178,758.86)
(178,758.86)
(1,059,736.17)
426.58
426.58
(64,139,207.08)
(67,616,157.56)
(562,827.38)
52,355.56
(56,523,049.52)
60,000,000.00
0.00
0.00
Premium
Subsidy
(NAIS)
615,182.94
(70,212.71)
(40,707.46)
(29,505.25)
Publicity
Expenses
(53,271.25)
(13,323,380.99)
16,817,381.44
9,450,557.44
7,366,824.00
114,189,040.73
(36,256,619.02)
33,207.46
150,412,452.28
24,031,228.56
303,409.00
346,449.08
213,172.62
23,781,090.81
218,708,434.80
(11,829,000.00)
(826,187,714.47)
2,611,904.15
33,613,245.12
1,020,500,000.00
0.00
0.00
Claims
Share
13,190,104.53
16,853,127.94
(21,372,284.06)
28,225,412.00
10,000,000.00
0.00
0.00
Bank
Service
Charges
0.00
(182,462,175.03)
(24,741,407.00)
(336,255,620.41)
(210,925,849.62)
389,460,702.00
0.00
(226,001,368.02)
(1,353,158,248.00)
(2,390,586,677.03)
(65,949,529.99)
3,583,693,087.00
85,311,507.10
(1,627,887,169.49)
(58,351,323.41)
1,771,550,000.00
(24,839.50)
(24,840.00)
(127,621.50)
127,622.00
Premium
Subsidy
(WBCIS & Ors)
nais govt fund
(610,872,771.46)
662,538,226.00
0.00
0.00
0.00
0.00
(766,059,916.14)
0.00
(24,741,407.00)
(1,035,660.08)
448,485.98
(739,723,042.69)
(29,798,791.92)
3,583,693,087.00
0.00
649,858.08
0.00
0.00
(2,403,963,329.27)
0.00
(1,353,158,248.00)
(432,153.02)
0.00
(203,009,577.14)
(50,078,571.70)
2,862,050,000.00
0.00
2,611,904.15
0.00
(11,829,000.00)
(2,543,626,152.96)
0.00
0.00
(2,462,819.19)
0.00
256,665,360.30
(157,126.75)
127,622.00
0.00
0.00
0.00
0.00
(65,547.46)
0.00
0.00
0.00
0.00
(95,052.21)
TOTAL
119
t;iqj
jktLFkku
gS n jkckn
vkakz izns'k
fetksje
jkT;@
dsUnz 'kkflr
iz n s ' k
if'pe caxky
12 (d) dks y drk
11
10
9 (?k)
e
la-

Hkqxrku (ljdkj dks)
vkcaVu

Hkqxrku (ljdkj dks)
vkcaVu

Hkqxrku (ljdkj dks)
vkcaVu

tek lek;kstu (vkj lh Vh)
Hkqxrku (ljdkj dks)
vkcaVu
fooj.k
448,485.98
5,423,499.35
4,975,013.37
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
dkiZl
fufk
(11,320,527.26)
(1,035,660.08)
(10,284,867.18)
(1,074,278.01)
(432,153.02)
(642,124.99)
(120,858.01)
(2,462,819.19)
2,341,961.17
0.00
0.00
0.00
, ,.Ma vks
O;;
(680,932,028.73)
(393,169,179.70)
(378,497.01)
(1,438,233.18)
(403,061,096.75)
115,298,247.72
(178,758.86)
(178,758.86)
(1,059,736.17)
426.58
426.58
(64,139,207.08)
(67,616,157.56)
(562,827.38)
52,355.56
(56,523,049.52)
60,000,000.00
0.00
0.00
izhfe;e
va ' knku
(,u , vkbZ ,l)
615,182.94
(70,212.71)
(40,707.46)
(29,505.25)
izpkj
O;;
(53,271.25)
(13,323,380.99)
16,817,381.44
9,450,557.44
7,366,824.00
114,189,040.73
(36,256,619.02)
33,207.46
150,412,452.28
24,031,228.56
303,409.00
346,449.08
213,172.62
23,781,090.81
218,708,434.80
(11,829,000.00)
(826,187,714.47)
2,611,904.15
33,613,245.12
1,020,500,000.00
0.00
0.00
nkos esa
fgLls n kjh
13,190,104.53
16,853,127.94
(21,372,284.06)
28,225,412.00
10,000,000.00
0.00
0.00
cSad
ls o k
iz H kkj
0.00
(182,462,175.03)
(24,741,407.00)
(336,255,620.41)
(210,925,849.62)
389,460,702.00
0.00
(226,001,368.02)
(1,353,158,248.00)
(2,390,586,677.03)
(65,949,529.99)
3,583,693,087.00
85,311,507.10
(1,627,887,169.49)
(58,351,323.41)
1,771,550,000.00
(24,839.50)
(24,840.00)
(127,621.50)
127,622.00
(157,126.75)
127,622.00
0.00
0.00
0.00
0.00
(65,547.46)
0.00
0.00
0.00
0.00
(95,052.21)
;ksx
(610,872,771.46)
662,538,226.00
0.00
0.00
0.00
0.00
(766,059,916.14)
0.00
(24,741,407.00)
(1,035,660.08)
448,485.98
(739,723,042.69)
(29,798,791.92)
3,583,693,087.00
0.00
649,858.08
0.00
0.00
(2,403,963,329.27)
0.00
(1,353,158,248.00)
(432,153.02)
0.00
(203,009,577.14)
(50,078,571.70)
2,862,050,000.00
0.00
2,611,904.15
0.00
(11,829,000.00)
(2,543,626,152.96)
0.00
0.00
(2,462,819.19)
0.00
256,665,360.30
izhfe;e
va ' knku
ljdkjh fufk

120
MUMBAI
Maharashtra
14 (A)
Sikkim
12 (C)
LUCKNOW
Uttar Pradesh
Tripura
12 (B)
13
State/ UT Govt.
SN
0.00
0.00
0.00
17,672.80
213,715.57
196,042.77
20,431.14
247,071.91
226,640.76
Corpus
Fund

351,434,568.33
Payments (to Govt.)
Apportionment
31,681,015.76
383,115,584.09

Payments (to Govt.)
Apportionment

Payments (to Govt.)
Apportionment

Payments (to Govt.)
Apportionment
Particulars
(2,447,653.86)
(2,447,655.13)
(1,344,605.73)
1,344,607.00
(1,340,546.28)
(1,340,546.29)
(3,563,505.93)
3,563,505.93
91,037.61
(15.62)
91,053.22
(6,389.01)
(2,052.56)
(4,336.45)
A&O
Expenses
(991,517,440.59)
(1,202,245,937.13)
(1,795,428.90)
(2,162,520.69)
13,368,563.54
197,359,933.00
(367,091.79)
0.00
(1,009,034.02)
(25,582,022.55)
(450,507.42)
145,424.44
3,968,232.34
20,604,756.19
(543,684.70)
1,139,616.56
22,519.84
(496.88)
(13,179.83)
19,900.52
23,016.72
33,080.35
(106,706.20)
(65,300.87)
(34,597.05)
(266,359.43)
(41,405.33)
Premium
Subsidy
(NAIS)
(231,762.38)
Publicity
Expenses
11,765,084.17
(6,543,711.79)
13,047,891.96
5,260,904.00
14,238,152.12
314.81
6,243,164.99
7,994,672.32
8,722.22
8,722.22
927.23
927.23
Bank
Service
Charges
3,938,050.62
(508,913,661.69)
31,635.00
7,936,447.31
504,883,630.00
4,769,037.19
(12,592.50)
(406,750.00)
(51,762.60)
5,240,142.29
0.00
0.00
0.00
0.00
Claims
Share
0.00
(174,624,154.21)
(183,410,660.97)
(830,788.24)
9,617,295.00
0.00
(674,106.50)
(44,248,974.40)
(4,483,734.36)
(2,971,293.74)
51,029,896.00
0.00
0.00
0.00
0.00
Premium
Subsidy
(WBCIS & Ors)
nais govt fund
383,244,985.38
718,466,369.00
0.00
31,635.00
0.00
0.00
(1,902,909,400.48)
0.00
0.00
(2,447,655.13)
31,681,015.76
(771,933,050.47)
8,373,055.25
84,332,447.00
0.00
0.00
314.81
(12,592.50)
(30,923,014.33)
(51,762.60)
(44,248,974.40)
(1,340,546.29)
0.00
16,128,926.94
351,915.28
0.00
0.00
0.00
0.00
0.00
(13,676.71)
0.00
0.00
(15.62)
17,672.80
355,895.76
(49,936.17)
0.00
0.00
0.00
0.00
0.00
(99,897.92)
0.00
0.00
(2,052.56)
20,431.14
(131,455.51)
TOTAL
121
y[ku
mkj izns'k
egkjk"V
14 (d) eqEcbZ
13

Hkqxrku (ljdkj dks)
vkcaVu

Hkqxrku (ljdkj dks)
vkcaVu

Hkqxrku (ljdkj dks)
vkcaVu
flfDde
12 (x)
fooj.k

Hkqxrku (ljdkj dks)
vkcaVu
jkT;@
dsUnz 'kkflr
iz n s ' k
12 ([k ) f=kiq j k
e
la-
31,681,015.76
383,115,584.09
351,434,568.33
0.00
0.00
0.00
17,672.80
213,715.57
196,042.77
20,431.14
247,071.91
226,640.76
dkiZl
fufk
(2,447,653.86)
(2,447,655.13)
(1,344,605.73)
1,344,607.00
(1,340,546.28)
(1,340,546.29)
(3,563,505.93)
3,563,505.93
91,037.61
(15.62)
91,053.22
(6,389.01)
(2,052.56)
(4,336.45)
, ,.Ma vks
O;;
(991,517,440.59)
(1,202,245,937.13)
(1,795,428.90)
(2,162,520.69)
13,368,563.54
197,359,933.00
(367,091.79)
0.00
(1,009,034.02)
(25,582,022.55)
(450,507.42)
145,424.44
3,968,232.34
20,604,756.19
(543,684.70)
1,139,616.56
22,519.84
(496.88)
(13,179.83)
19,900.52
23,016.72
33,080.35
(106,706.20)
(65,300.87)
(34,597.05)
(266,359.43)
(41,405.33)
izhfe;e
va ' knku
(,u , vkbZ ,l)
(231,762.38)
izpkj
O;;
11,765,084.17
(6,543,711.79)
13,047,891.96
5,260,904.00
14,238,152.12
314.81
6,243,164.99
7,994,672.32
8,722.22
8,722.22
927.23
927.23
cSad
ls o k
iz H kkj
3,938,050.62
(508,913,661.69)
31,635.00
7,936,447.31
504,883,630.00
4,769,037.19
(12,592.50)
(406,750.00)
(51,762.60)
5,240,142.29
0.00
0.00
0.00
0.00
nkos esa
fgLls n kjh
0.00
(174,624,154.21)
(183,410,660.97)
(830,788.24)
9,617,295.00
0.00
(674,106.50)
(44,248,974.40)
(4,483,734.36)
(2,971,293.74)
51,029,896.00
0.00
0.00
0.00
0.00
8,373,055.25
84,332,447.00
0.00
0.00
314.81
(12,592.50)
(30,923,014.33)
(51,762.60)
(44,248,974.40)
(1,340,546.29)
0.00
16,128,926.94
351,915.28
0.00
0.00
0.00
0.00
0.00
(13,676.71)
0.00
0.00
(15.62)
17,672.80
355,895.76
(49,936.17)
0.00
0.00
0.00
0.00
0.00
(99,897.92)
0.00
0.00
(2,052.56)
20,431.14
(131,455.51)
;ksx
383,244,985.38
718,466,369.00
0.00
31,635.00
0.00
0.00
(1,902,909,400.48)
0.00
0.00
(2,447,655.13)
31,681,015.76
(771,933,050.47)
izhfe;e
va ' knku
ljdkjh fufk

122
RANCHI
Jharkhand
17
PATNA
Bihar
15
RAIPUR
Chhattisgarh
Goa
14 (B)
16
State/ UT Govt.
SN

Payments (to Govt.)
Apportionment

Payments (to Govt.)
Apportionment

Payments (to Govt.)
Apportionment

Payments (to Govt.)
Apportionment
Particulars
3,621,771.47
43,797,746.37
40,175,974.90
3,385,581.39
42,002,220.22
37,555,940.23
1,060,698.60
480,760.83
5,813,796.13
5,333,035.30
54,466.92
658,663.38
604,196.46
Corpus
Fund
(611,900.02)
(363,236.71)
(248,663.31)
(1,185,295.88)
(667,642.15)
(1,596,343.35)
1,078,689.62
(8,093,944.25)
(331,568.67)
(7,762,375.58)
98,295.58
(9.16)
98,304.74
A&O
Expenses
(335,000.12)
(213,742.73)
(31,356.00)
(89,901.39)
(1,448,412.53)
31,356.00
(1,533,415.33)
(2,835,195.74)
1,200,816.14
1,688,026.40
(5,732,959.24)
(42,685,316.27)
(201,069.19)
(2,637.00)
(211,305.51)
37,163,662.54
(119,126.63)
317,558.82
(8,327,188.53)
83,293.40
(63,220.00)
(343,399.13)
(8,410,481.93)
124,647.50
(971.00)
125,618.50
Premium
Subsidy
(NAIS)
(280,179.13)
21,091.22
21,091.22
Publicity
Expenses
(1,133,284.26)
(1,133,284.26)
0.00
1,725.00
(8,509,327.13)
(0.11)
8,132,612.72
378,439.52
64,895.20
(69,619.81)
(527,497.00)
(24,915,071.19)
(69,625.00)
527,496.68
5.70
24,915,071.00
(912.91)
(27,272.00)
0.00
0.00
26,359.09
(14,721,726.68)
(835,812,553.05)
6,833,939.92
64,895.18
(6,432,417.84)
64,265,439.86
749,991,446.59
431,715.72
431,715.72
Claims
Share
6,432,417.86
44,470.57
44,470.57
Bank
Service
Charges
(72,429,786.83)
(4,273,554.00)
(5,040.00)
(53,899,122.83)
(28,463,139.60)
14,211,069.60
0.00
5,061,654.14
(110,408,754.86)
(1.06)
(20,076,185.00)
(70,828,716.75)
206,375,311.81
(2,278,087,439.88)
(111,311,417.43)
(1,359,621,878.88)
24,314,209.38
(942,779,770.38)
111,311,417.43
0.00
25,596.42
25,596.42
Premium
Subsidy
(WBCIS & Ors)
nais govt fund
12,575,092.45
40,814,167.00
0.00
527,496.68
31,356.00
(2,065,952.33)
(82,996,416.75)
(100,981.00)
(4,273,554.00)
(363,236.71)
3,621,771.47
(32,230,257.19)
(27,066,939.30)
246,400,720.00
0.00
0.00
0.00
0.00
(161,831,739.45)
(1.17)
(20,076,185.00)
(667,642.15)
3,385,581.39
40,143,794.32
(883,201,914.00)
861,302,864.02
0.00
31,213,044.48
0.00
0.00
(2,201,846,776.37)
0.00
(111,311,417.43)
(331,568.67)
480,760.83
(2,303,695,007.14)
1,350,993.63
0.00
0.00
0.00
0.00
0.00
(971.00)
0.00
0.00
(9.16)
54,466.92
1,404,480.39
TOTAL
123
17
16
jka p h
>kj[k.M
jk;iq j
Nkhlx<+

Hkqxrku (ljdkj dks)
vkcaVu

Hkqxrku (ljdkj dks)
vkcaVu

Hkqxrku (ljdkj dks)
vkcaVu
iVuk
fcgkj
15
fooj.k

Hkqxrku (ljdkj dks)
vkcaVu
jkT;@
dsUnz 'kkflr
iz n s ' k
14 ([k ) xks o k
e
la-
3,621,771.47
43,797,746.37
40,175,974.90
3,385,581.39
42,002,220.22
37,555,940.23
1,060,698.60
480,760.83
5,813,796.13
5,333,035.30
54,466.92
658,663.38
604,196.46
dkiZl
fufk
(611,900.02)
(363,236.71)
(248,663.31)
(1,185,295.88)
(667,642.15)
(1,596,343.35)
1,078,689.62
(8,093,944.25)
(331,568.67)
(7,762,375.58)
98,295.58
(9.16)
98,304.74
, ,.Ma vks
O;;
(335,000.12)
(213,742.73)
(31,356.00)
(89,901.39)
(1,448,412.53)
31,356.00
(1,533,415.33)
(2,835,195.74)
1,200,816.14
1,688,026.40
(5,732,959.24)
(42,685,316.27)
(201,069.19)
(2,637.00)
(211,305.51)
37,163,662.54
(119,126.63)
317,558.82
(8,327,188.53)
83,293.40
(63,220.00)
(343,399.13)
(8,410,481.93)
124,647.50
(971.00)
125,618.50
izhfe;e
va ' knku
(,u , vkbZ ,l)
(280,179.13)
21,091.22
21,091.22
izpkj
O;;
(1,133,284.26)
(1,133,284.26)
0.00
1,725.00
(8,509,327.13)
(0.11)
8,132,612.72
378,439.52
64,895.20
(69,619.81)
(527,497.00)
(24,915,071.19)
(69,625.00)
527,496.68
5.70
24,915,071.00
(912.91)
(27,272.00)
0.00
0.00
26,359.09
(14,721,726.68)
(835,812,553.05)
6,833,939.92
64,895.18
(6,432,417.84)
64,265,439.86
749,991,446.59
431,715.72
431,715.72
nkos esa
fgLls n kjh
6,432,417.86
44,470.57
44,470.57
cSad
ls o k
iz H kkj
(72,429,786.83)
(4,273,554.00)
(5,040.00)
(53,899,122.83)
(28,463,139.60)
14,211,069.60
0.00
5,061,654.14
(110,408,754.86)
(1.06)
(20,076,185.00)
(70,828,716.75)
206,375,311.81
(2,278,087,439.88)
(111,311,417.43)
(1,359,621,878.88)
24,314,209.38
(942,779,770.38)
111,311,417.43
0.00
25,596.42
25,596.42
1,350,993.63
0.00
0.00
0.00
0.00
0.00
(971.00)
0.00
0.00
(9.16)
54,466.92
1,404,480.39
;ksx
12,575,092.45
40,814,167.00
0.00
527,496.68
31,356.00
(2,065,952.33)
(82,996,416.75)
(100,981.00)
(4,273,554.00)
(363,236.71)
3,621,771.47
(32,230,257.19)
(27,066,939.30)
246,400,720.00
0.00
0.00
0.00
0.00
(161,831,739.45)
(1.17)
(20,076,185.00)
(667,642.15)
3,385,581.39
40,143,794.32
(883,201,914.00)
861,302,864.02
0.00
31,213,044.48
0.00
0.00
(2,201,846,776.37)
0.00
(111,311,417.43)
(331,568.67)
480,760.83
(2,303,695,007.14)
izhfe;e
va ' knku
ljdkjh fufk


1,620,544,503.56
1,060,698.60
0.00
0.00
442,513,194.85
Payments (to Govt.)
0.00
0.00
(442,513,194.85)
0.00
Apportionment
0.00
146,088,349.23
1,767,693,551.39
GRAND TOTAL
1,610,496.77
19,475,588.05
17,865,091.28

Payments (to Govt.)
Apportionment
Others
THIRUPURAM
Kerala
Corpus
Fund
18
Particulars
State/ UT Govt.
SN
(49,577,177.71)
12,300,101.87
0.00
0.00
166,000.00
0.00
0.00
0.00
0.00
(39,566,393.71)
0.00
(76,677,469.55)
3,063,405.35
(233,022.16)
3,296,427.51
A&O
Expenses
2,032,403.30
1,614,468.25
0.00
0.00
0.00
0.00
(12,478,747.44)
(31,356.00)
0.00
0.00
0.00
(8,863,231.89)
82,208.24
(391,235.82)
473,444.06
Publicity
Expenses
(739,174,974.47)
1,276,966,938.58
0.00
7,427.43
27,296,742.18
(1,533,415.33)
(2,875,808,199.40)
(3,227,022.82)
0.00
0.00
0.00
(2,315,472,503.83)
(1,210,596.89)
(1,066,417.95)
156,052,439.48
72,344,119.62
0.00
421,823.74
9,444,058.97
0.00
(213,071,364.95)
(166,000.25)
0.00
0.00
0.00
25,025,076.61
0.00
(200,029.16)
346,683,226.06
16,894,630,582.31
23,478,044.01
130,405,367.87
10,342.52
(14,026,242.34)
(14,062,944,746.05)
(51,254,504.84)
0.00
0.00
0.00
3,266,982,069.55
2,726,352.40
(1,465,415.75)
6,928.75
200,029.16
1,265,386.59
Claims
Share
4,184,839.40
Bank
Service
Charges
(1,409,565.53)
Premium
Subsidy
(NAIS)
(1,530,572,860.04)
15,461,476,921.03
0.00
26,256,736.81
44,805,829.98
(24,145,280.00)
(13,152,776,448.14)
(27,161,147.19)
(5,022,503,062.16)
0.00
0.00
(4,224,619,309.71)
0.00
(5,915,245.75)
Others
(19,815,539.00)
(7,090,490.75)
20,990,784.00
Premium
Subsidy
(WBCIS & Ors)
nais govt fund
(194,012,439.81)
33,720,393,830.26
23,478,044.01
157,091,355.85
524,236,168.50
(39,704,937.67)
(30,317,079,505.98)
(524,353,225.95)
(5,022,503,062.16)
(39,566,393.71)
146,088,349.23
(1,202,812,153.27)
17,319,745.97
20,990,784.00
0.00
0.00
1,472,344.50
0.00
(21,473,221.93)
(1,465,415.75)
0.00
(233,022.16)
1,610,496.77
18,221,711.40
363,119,664.16
TOTAL
124
18
e
la-
(49,577,177.71)
12,300,101.87
0.00
0.00
166,000.00
0.00
0.00
0.00
0.00
(39,566,393.71)
0.00
(76,677,469.55)
2,032,403.30
1,614,468.25
0.00
0.00
0.00
0.00
(12,478,747.44)
(31,356.00)
0.00
0.00
0.00
(8,863,231.89)
(739,174,974.47)
1,276,966,938.58
0.00
7,427.43
27,296,742.18
(1,533,415.33)
(2,875,808,199.40)
(3,227,022.82)
0.00
0.00
0.00
(2,315,472,503.83)
156,052,439.48
72,344,119.62
0.00
421,823.74
9,444,058.97
0.00
(213,071,364.95)
(166,000.25)
0.00
0.00
0.00
25,025,076.61
0.00
(200,029.16)
346,683,226.06
16,894,630,582.31
23,478,044.01
130,405,367.87
10,342.52
(14,026,242.34)
(14,062,944,746.05)
(51,254,504.84)
0.00
0.00
0.00
3,266,982,069.55
2,726,352.40
(1,465,415.75)
0.00
(5,915,245.75)
(19,815,539.00)
(7,090,490.75)
20,990,784.00
17,319,745.97
20,990,784.00
0.00
0.00
1,472,344.50
0.00
(21,473,221.93)
(1,465,415.75)
0.00
(233,022.16)
1,610,496.77
18,221,711.40
363,119,664.16
;ksx
(194,012,439.81)
33,720,393,830.26
23,478,044.01
157,091,355.85
524,236,168.50
(39,704,937.67)
(30,317,079,505.98)
(524,353,225.95)
(5,022,503,062.16)
(39,566,393.71)
146,088,349.23
(1,202,812,153.27)
izhfe;e
va ' knku
ljdkjh fufk
(1,530,572,860.04)
15,461,476,921.03
0.00
26,256,736.81
44,805,829.98
(24,145,280.00)
(13,152,776,448.14)
(27,161,147.19)
(5,022,503,062.16)
0.00
0.00
(4,224,619,309.71)
1,620,544,503.56
1,060,698.60
0.00
0.00
442,513,194.85
0.00
0.00
(442,513,194.85)
0.00
0.00
146,088,349.23
1,767,693,551.39
(1,210,596.89)
(1,066,417.95)
6,928.75
200,029.16
1,265,386.59
nkos esa
fgLls n kjh
4,184,839.40
cSad
ls o k
iz H kkj
(1,409,565.53)
izhfe;e
va ' knku
(,u , vkbZ ,l)

Hkqxrku (ljdkj dks)
vkcaVu
82,208.24
(391,235.82)
473,444.06
izpkj
O;;
dqy ;ksx
3,063,405.35
(233,022.16)
3,296,427.51
, ,.Ma vks
O;;
vU;
1,610,496.77
19,475,588.05
17,865,091.28
dkiZl
fufk

Hkqxrku (ljdkj dks)
vkcaVu
vU;
fooj.k
f/#ouUr iqje
dsjy
jkT;@
dsUnz 'kkflr
iz n s ' k

125
126
BHOPAL
Madhya Pradesh Receipts (from Govt.)
Payments (to Govt.)
Apportionment

Payments (to Govt.)
Apportionment

Payments (to Govt.)
Apportionment
AHMEDABAD
Gujarat

Payments (to Govt.)
Apportionment
BANGALORE
Karnataka
HEAD OFFICE
New Delhi
(Govt. of India)
PARTICULARS
STATE / UT GOVT.
SN
(137166632.00)
(93660767.38)
(3,003,155,605.00)
(1184641665.36)
0.00
0.01
(311289.00)
1018347.74
3978.04
(489136.28)
3546196.00
(190882153.00)
(1727422.98)
3978.04
190882153.00
(9295912.00)
(8520450.00)
(172,838,854.55)
12816361.81
205000000.00
19723098.56
81300000.00
1127735.00
41578807.16
(15619790.00)
(65,717,232.38)
(27,161,145.26)
(62392618.33)
0.00
271794.15
60652.15
211142.00
0.00
1453686.22
(4268.43)
707954.65
750000.00
0.00
351843.11
(2134.22)
353977.33
0.00
0.00
1814380.00
0.00
0.00
0.00
0.00
COCONUT INSURANCE
STATE GOVT.
CDB
SHARE
(1814380.00)
0.02
0.00
COFFEE BOARD
COFFEE INSURANCE
(378192.75)
(71811.23)
(1940817462.97)
(4614853373.75)
0.00
450004.00
44323327.59
1940000000.00
MNAIS
(116632686.61)
6550000000.00
WBCIS
PREMIUM SUBSIDY (NON-NAIS)
NON - NAIS GOVERNMENT FUND STATEMENT

AS ON 31.03.2013
0.00
0.00
0.00
0.00
ANY OTHER
SCHEME*
0.00
0.00
0.00
0.00
CLAIM SHARE
(if any)*
(485158.24)
194428349.00
0.00
0.00
0.00
(1727422.98)
0.00
(191193442.00)
0.00
0.00
1022325.78
33662044.50
287261142.00
1127735.00
41578807.16
(24140240.00)
(238562489.58)
(27161145.26)
(71688530.33)
0.00
0.00
2077323.48
(71811.23)
2264384.00
0.00
0.00
0.00
(2192572.75)
0.00
0.00
0.00
0.00
0.02
(72309359.02)
8490000000.00
0.00
0.00
0.00
(6555670836.72)
0.00
(3140322237.00)
0.00
0.00
(1278302432.74)
TOTAL
Amount (In
ANNEXURE-7A
127
e
la-
fooj.k
MCY;w c hlhvkbZ , l
. (31.03.2013)
3978.04
(190882153.00)
(1727422.98)
3978.04
190882153.00
0.01
. (31.03.2013)
. (01.04.2012)
19723098.56
81300000.00
1127735.00
41578807.16
(15619790.00)
(65,717,232.38)
(27,161,145.26)
(62392618.33)
0.00
1018347.74
(311289.00)
(489136.28)
3546196.00
0.00
(9295912.00)
(8520450.00)
(172,838,854.55)
12816361.81
205000000.00
0.02
0.00
271794.15
60652.15
211142.00
0.00
0.00
1453686.22
(4268.43)
707954.65
750000.00
0.00
0.00
0.00
351843.11
(2134.22)
353977.33
0.00
(1814380.00)
0.00
lhMhch
jkT; ljdkj
va'k
ukfj;y chek
(378192.75)
0.00
dkWiQh cksMZ
dkWiQh chek
1814380.00
(71811.23)
(93660767.38)
(137166632.00)
(1940817462.97)
1940000000.00
,e,u,vkbZ,l
izhfe;e va'knku (xSj ,u,vkbZ,l)
0.00
450004.00
(1184641665.36)
. (01.04.2012)
. (31.03.2013)
. (01.04.2012)
. (31.03.2013)
Ok"kZ ds izkjaHk esa 'ks"k. (01.04.2012)(116632686.61) 44323327.59

eq[; dk;kZy;
6550000000.00
ubZ fnYyh
(Hkkjr ljdkj) tek % lek;kstu (vU;)
Hkqxrku (ljdkj dks)
(4614853373.75)
(3,003,155,605.00)
vkcaVu
jkT;@
dsUnz 'kkflr izns'k
xSj&,u-,-vkbZ-,l ljdkjh iQaM dk fooj.k

31.03.2013 dks
0.00
0.00
0.00
0.00
;ks t uk
vU; dksbZ
0.00
0.00
0.00
0.00
nkok&'ks ; j
(;fn dksbZ gks rks)
(485158.24)
194428349.00
0.00
0.00
0.00
(1727422.98)
0.00
(191193442.00)
0.00
0.00
1022325.78
33662044.50
287261142.00
1127735.00
41578807.16
(24140240.00)
(238562489.58)
(27161145.26)
(71688530.33)
0.00
0.00
2077323.48
(71811.23)
2264384.00
0.00
0.00
0.00
(2192572.75)
0.00
0.00
0.00
0.00
0.02
(72309359.02)
8490000000.00
0.00
0.00
0.00
(6555670836.72)
0.00
(3140322237.00)
0.00
0.00
(1278302432.74)
;ksx
esa )
7- d
jkf'k (
vuqyXu

Haryana
Jammu & Kashmir
6 (C)
CHANDIGARH
Himachal
Pradesh
6 (B)
6 (A)
128

Payments (to Govt.)
Apportionment

Payments (to Govt.)
Apportionment

Payments (to Govt.)
Apportionment
BHUBANESHWAR
Orissa
Payments (to Govt.)
Apportionment
PARTICULARS
STATE / UT GOVT.
SN
(3984.11)
(0.21)
0.00
(32200921.81)
(44642654.00)
0.00
(51836683.35)
(52693491.53)
(40534435.79)
0.00
48743.25
(17217932.02)
70194100.00
808064.93
(46434355.22)
(4510395.00)
(46956402.16)
0.00
(3984.53)
(7647966.15)
(0.87)
(27255243.56)
32280958.00
6727.50
(17111.33)
17111.75
MNAIS
0.66
7647966.15
WBCIS
0.00
0.00
0.00
0.00
0.00
0.00
COFFEE BOARD
COFFEE INSURANCE
0.00
0.00
0.00
0.00
0.00
452838.42
212838.42
240000.00
0.00
0.00
0.00
0.00
0.00
12763.21
12763.21
COCONUT INSURANCE
STATE GOVT.
CDB
SHARE
0.00
0.00
0.00
0.00
0.00
0.00
ANY OTHER
SCHEME*
0.00
0.00
0.00
0.00
0.00
0.00
CLAIM SHARE
(if any)*
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
(17169188.77)
70194100.00
808064.93
0.00
0.00
(93227927.32)
0.00
(44642654.00)
0.00
0.00
(84037605.16)
(27255243.56)
32280958.00
6727.50
0.00
0.00
(46956402.16)
0.00
(4510395.00)
0.00
0.00
(46434355.22)
208490.96
7905077.90
0.00
0.00
0.00
(7651950.68)
(0.87)
0.00
0.00
0.00
461617.31
TOTAL
129
6( )
6( )
6( )
. (01.04.2012)
. (31.03.2013)

Hkqxrku (ljdkj dks)
vkcaVu
. (01.04.2012)0.00
. (31.03.2013)

Hkqxrku (ljdkj dks)
vkcaVu
. (01.04.2012)
. (31.03.2013)

Hkqxrku (ljdkj dks)
tek % lek;kstu (ih ,e Vh)
vkcaVu
. (01.04.2012)
. (31.03.2013)

Hkqxrku (ljdkj dks)
tek % lek;kstu (ih ,e Vh)
vkcaVu
0.00
(32200921.81)
(44642654.00)
(40534435.79)
(17217932.02)
70194100.00
808064.93
(46434355.22)
(4510395.00)
(46956402.16)
(27255243.56)
32280958.00
6727.50
0.00
(51836683.35)
(52693491.53)
48743.25
0.00
0.00
(3984.11)
(3984.53)
(7647966.15)
(0.87)
(0.21)
(17111.33)
17111.75
0.66
7647966.15
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
452838.42
212838.42
240000.00
0.00
0.00
0.00
0.00
0.00
12763.21
12763.21
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
(17169188.77)
70194100.00
808064.93
0.00
0.00
(93227927.32)
0.00
(44642654.00)
0.00
0.00
(84037605.16)
(27255243.56)
32280958.00
6727.50
0.00
0.00
(46956402.16)
0.00
(4510395.00)
0.00
0.00
(46434355.22)
208490.96
7905077.90
0.00
0.00
0.00
(7651950.68)
(0.87)
0.00
0.00
0.00
461617.31

Andaman & Nicobar

Payments (to Govt.)
Apportionment

Payments (to Govt.)
Apportionment

Payments (to Govt.)
Apportionment
7 (C)
CHENNAI
Tamil Nadu
7 (A)

Payments (to Govt.)
Apportionment
Pondicherry
Punjab
6(D)
PARTICULARS
7 (B)
STATE / UT GOVT.
SN
130
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
(518600.70)
24516589.03
(86541756.12)
(13744275.02)
(12336018.00)
(34190420.85)
145248766.00
0.00
0.00
(8290099.68)
33851792.00
0.00
MNAIS
0.00
WBCIS
0.00
0.00
0.00
0.00
(775.07)
(548604.62)
(8870.45)
556700.00
0.00
0.00
COFFEE BOARD
COFFEE INSURANCE
0.00
0.00
0.00
0.00
5531195.75
(388790.31)
1919986.06
4000000.00
0.00
0.00
0.00
0.00
0.00
0.00
(222934.70)
(194395.10)
(126883.60)
98344.00
0.00
0.00
COCONUT INSURANCE
STATE GOVT.
CDB
SHARE
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
ANY OTHER
SCHEME*
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
CLAIM SHARE
(if any)*
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
(40696288.52)
183755602.00
0.00
0.00
0.00
(101417821.17)
0.00
(12336018.00)
0.00
0.00
29305474.31
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
TOTAL
131
7( )
7( )
7( )
6(?k)
. (01.04.2012)
. (31.03.2013)

Hkqxrku (ljdkj dks)
vkcaVu
DkiZl iQaM ij vk; 'ks;j
. (01.04.2012)0.00
. (31.03.2013)

Hkqxrku (ljdkj dks)
ukes % lek;kstu (ih ,e Vh)
vkcaVu
. (01.04.2012)
. (31.03.2013)

Hkqxrku (ljdkj dks)
vkcaVu
. (01.04.2012)
. (31.03.2013)

Hkqxrku (ljdkj dks)
vkcaVu
0.00
0.00
0.00
0.00
0.00
(518600.70)
0.00
0.00
0.00
0.00
24516589.03
(86541756.12)
(13744275.02)
(12336018.00)
(34190420.85)
145248766.00
0.00
0.00
(8290099.68)
33851792.00
0.00
0.00
0.00
0.00
0.00
0.00
(775.07)
(548604.62)
(8870.45)
556700.00
0.00
0.00
0.00
0.00
0.00
0.00
5531195.75
(388790.31)
1919986.06
4000000.00
0.00
0.00
0.00
0.00
0.00
0.00
(222934.70)
(194395.10)
(126883.60)
98344.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
(40696288.52)
183755602.00
0.00
0.00
0.00
(101417821.17)
0.00
(12336018.00)
0.00
0.00
29305474.31
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00

MANIPUR
9 (C)
GUWAHATI
Assam
9 (A)
Meghalaya
DEHRADUN
Uttaranchal
9 (B)
STATE / UT GOVT.
SN
132

Payments (to Govt.)
Apportionment

Payments (to Govt.)
Apportionment

Payments (to Govt.)
Apportionment

Payments (to Govt.)
Apportionment
PARTICULARS
0.00
0.00
0.00
0.00
0.00
0.00
0.00
(910993.45)
0.00
0.00
(448687.90)
(2783068.84)
26.89
2031333.26
0.00
2320763.29
(352725.65)
(3211270.28)
337000.00
MNAIS
(18148613.40)
3227022.82
(12182413.34)
32362360.00
WBCIS
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
COFFEE BOARD
COFFEE INSURANCE
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
COCONUT INSURANCE
STATE GOVT.
CDB
SHARE
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
ANY OTHER
SCHEME*
0.00
0.00
0.00
0.00
0.00
0.00
(11666.75)
(25000.00)
13333.25
CLAIM SHARE
(if any)*
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
(2783068.84)
2320763.29
0.00
0.00
0.00
(448687.90)
0.00
0.00
0.00
0.00
(910993.45)
(15380350.37)
32699360.00
0.00
3227022.82
0.00
(18526339.05)
0.00
0.00
0.00
0.00
2019693.40
TOTAL
133
9( )
9( )
9( )
. (01.04.2012)
. (31.03.2013)

Hkqxrku (ljdkj dks)
vkcaVu
. (01.04.2012)
. (31.03.2013)

Hkqxrku (ljdkj dks)
vkcaVu
. (01.04.2012)
. (31.03.2013)

Hkqxrku (ljdkj dks)
vkcaVu
. (01.04.2012)
. (31.03.2013)

Hkqxrku (ljdkj dks)
vkcaVu
0.00
0.00
0.00
0.00
0.00
(448687.90)
0.00
2320763.29
2031333.26
(18148613.40)
3227022.82
(12182413.34)
32362360.00
0.00
0.00
0.00
0.00
(910993.45)
(2783068.84)
26.89
(352725.65)
(3211270.28)
337000.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
(11666.75)
(25000.00)
13333.25
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
(2783068.84)
2320763.29
0.00
0.00
0.00
(448687.90)
0.00
0.00
0.00
0.00
(910993.45)
(15380350.37)
32699360.00
0.00
3227022.82
0.00
(18526339.05)
0.00
0.00
0.00
0.00
2019693.40

HYDERABAD
Andhra Pradesh Receipts (from Govt.)
Payments (to Govt.)
Apportionment
JAIPUR
Rajasthan
KOLKATA
West Bengal
10
11
134
12 (A)

Payments (to Govt.)
Apportionment

Payments (to Govt.)
Apportionment

Payments (to Govt.)
Apportionment
MIJORAM
9 (D)
PARTICULARS
STATE / UT GOVT.
SN
(95401488.00)
40338053.67
(235442195.75)
389235640.00
(335542452.08)
(1257756760.00)
(266339421.69)
24516346.13
225062.00
(713168.33)
(713167.20)
(181749007.83)
(219602276.15)
(2170984400.88)
(24741407.00)
(45917608.18)
401259426.00
(20031921.81)
3182433661.00
48333102.33
(410469096.92)
(1217186657.97)
35459819.37
(5597800.75)
464400000.00
(24839.50)
(127621.50)
MNAIS
(53253522.66)
1305900000.00
0.00
(24840.00)
0.00
127622.00
WBCIS
0.00
0.00
0.00
0.00
0.00
0.00
0.00
COFFEE BOARD
COFFEE INSURANCE
0.00
0.00
0.00
0.00
1345723.60
(154276.40)
500000.00
1000000.00
0.00
0.00
0.00
0.00
0.00
0.00
172861.80
(77138.20)
250000.00
0.00
0.00
COCONUT INSURANCE
STATE GOVT.
CDB
SHARE
0.00
0.00
0.00
0.00
0.00
0.00
0.00
ANY OTHER
SCHEME*
0.00
0.00
0.00
0.00
0.00
0.00
0.00
CLAIM SHARE
(if any)*
(210925849.62)
389460702.00
0.00
0.00
0.00
(336255620.41)
0.00
(24741407.00)
0.00
0.00
(182462175.03)
(65949529.99)
3583693087.00
0.00
0.00
0.00
(2390586677.03)
0.00
(1353158248.00)
0.00
0.00
(226001368.02)
(58351323.41)
1771550000.00
0.00
0.00
0.00
(1627887169.49)
0.00
0.00
0.00
0.00
85311507.10
(127621.50)
127622.00
0.00
0.00
0.00
(24840.00)
0.00
0.00
0.00
0.00
(24839.50)
TOTAL
135
12 ( )
11
10
9( )
. (01.04.2012)
. (31.03.2013)

Hkqxrku (ljdkj dks)
vkcaVu
. (01.04.2012)
. (31.03.2013)

Hkqxrku (ljdkj dks)
vkcaVu
. (01.04.2012)
. (31.03.2013)

Hkqxrku (ljdkj dks)
vkcaVu
. (01.04.2012)
. (31.03.2013)

Hkqxrku (ljdkj dks)
vkcaVu
(95401488.00)
(1257756760.00)
(713167.20)
(181749007.83)
(335542452.08)
(713168.33)
(24741407.00)
(235442195.75)
389235640.00
24516346.13
225062.00
40338053.67
(219602276.15)
(2170984400.88)
(266339421.69)
(45917608.18)
401259426.00
(20031921.81)
3182433661.00
48333102.33
(410469096.92)
(1217186657.97)
35459819.37
(5597800.75)
464400000.00
(24839.50)
(127621.50)
(53253522.66)
1305900000.00
0.00
(24840.00)
0.00
127622.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
1345723.60
(154276.40)
500000.00
1000000.00
0.00
0.00
0.00
0.00
0.00
0.00
172861.80
(77138.20)
250000.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
(210925849.62)
389460702.00
0.00
0.00
0.00
(336255620.41)
0.00
(24741407.00)
0.00
0.00
(182462175.03)
(65949529.99)
3583693087.00
0.00
0.00
0.00
(2390586677.03)
0.00
(1353158248.00)
0.00
0.00
(226001368.02)
(58351323.41)
1771550000.00
0.00
0.00
0.00
(1627887169.49)
0.00
0.00
0.00
0.00
85311507.10
(127621.50)
127622.00
0.00
0.00
0.00
(24840.00)
0.00
0.00
0.00
0.00
(24839.50)

LUCKNOW
Uttar Pradesh
MUMBAI
Maharashtra
14 (A)
Sikkim
12 (C)
13
Tripura
STATE / UT GOVT.
12 (B)
SN
136

Payments (to Govt.)
Apportionment

Payments (to Govt.)
Apportionment

Payments (to Govt.)
Apportionment

Payments (to Govt.)
Apportionment
PARTICULARS
(4711230.79)
228123.25
(39537743.61)
(902229.75)
0.00
621019.23
0.33
(175061560.41)
(144808.39)
1097228.00
0.00
0.00
0.00
0.00
0.00
0.00
(183613.36)
(165700.19)
(90318.17)
72405.00
0.00
0.00
0.00
0.00
0.00
0.00
COCONUT INSURANCE
STATE GOVT.
CDB
SHARE
(331400.38)
0.00
0.00
0.00
0.00
0.00
0.00
0.00
COFFEE BOARD
COFFEE INSURANCE
(182913560.40)
0.33
(1861804.52)
(2621929.84)
(595662.01)
8447662.00
(2971294.29)
9772452.85
0.00
0.55
41257443.15
0.00
0.00
0.00
0.00
0.00
0.00
MNAIS
0.00
WBCIS
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
ANY OTHER
SCHEME*
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
CLAIM SHARE
(if any)*
(830788.24)
9617295.00
0.00
0.00
0.00
(183410660.97)
0.00
0.00
0.00
0.00
(174624154.21)
(2971293.74)
51029896.00
0.00
0.00
0.00
(4483734.36)
0.00
(44248974.40)
0.00
0.00
(674106.50)
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
TOTAL
137
14 ( )
13
12 ( )
12 ( )
. (01.04.2012)
. (31.03.2013)

Hkqxrku (ljdkj dks)
vkcaVu
. (01.04.2012)
. (31.03.2013)

Hkqxrku (ljdkj dks)
vkcaVu
. (01.04.2012)
. (31.03.2013)

Hkqxrku (ljdkj dks)
vkcaVu
. (01.04.2012)
. (31.03.2013)

Hkqxrku (ljdkj dks)
vkcaVu
(4711230.79)
(39537743.61)
(175061560.41)
(182913560.40)
(595662.01)
8447662.00
0.33
0.33
228123.25
(1861804.52)
(2621929.84)
(902229.75)
(2971294.29)
9772452.85
0.00
0.00
0.00
0.00
0.55
41257443.15
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
621019.23
(331400.38)
(144808.39)
1097228.00
0.00
0.00
0.00
0.00
0.00
0.00
(183613.36)
(165700.19)
(90318.17)
72405.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
(830788.24)
9617295.00
0.00
0.00
0.00
(183410660.97)
0.00
0.00
0.00
0.00
(174624154.21)
(2971293.74)
51029896.00
0.00
0.00
0.00
(4483734.36)
0.00
(44248974.40)
0.00
0.00
(674106.50)
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00

RAIPUR
Chhattisgarh
RANCHI
Jharkhand
17
PATNA
Bihar
Goa
STATE / UT GOVT.
16
15
14 (B)
SN
138

Payments (to Govt.)
Payment to other Insurance Companies (
Apportionment

Payments (to Govt.)
Apportionment

Payments (to Govt.)
Apportionment

Payments (to Govt.)
Apportionment
PARTICULARS
(2811863.69)
3311973.60
(838206.57)
(1301718.00)
(1639814.66)
(5040.00)
(53060916.26)
(2971836.00)
(70789972.17)
0.00
(4376.81)
4376.81
(25651275.91)
10899096.00
5061654.14
(110408754.86)
(1.06)
(20076185.00)
(70824339.94)
206370935.00
(1548140534.51)
(729946905.37)
(692353519.98)
(667268358.90)
(111311417.43)
(37593385.39)
0.00
0.00
(905186384.99)
111311417.43
24314209.38
0.00
MNAIS
0.00
WBCIS
0.00
0.00
0.00
0.00
0.00
0.00
COFFEE BOARD
COFFEE INSURANCE
0.00
0.00
0.00
0.00
17018.68
17018.68
0.00
0.00
0.00
0.00
8577.74
8577.74
COCONUT INSURANCE
STATE GOVT.
CDB
SHARE
0.00
0.00
0.00
0.00
0.00
0.00
ANY OTHER
SCHEME*
0.00
0.00
0.00
0.00
0.00
0.00
CLAIM SHARE
(if any)*
(28463139.60)
14211069.60
0.00
0.00
(5040.00)
(53899122.83)
0.00
(4273554.00)
0.00
0.00
(72429786.83)
(70828716.75)
206375311.81
0.00
0.00
0.00
(110408754.86)
(1.06)
(20076185.00)
0.00
0.00
5061654.14
(942779770.38)
111311417.43
24314209.38
0.00
0.00
(1359621878.88)
0.00
(111311417.43)
0.00
0.00
(2278087439.88)
25596.42
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
25596.42
TOTAL
139
17
16
15
14 ( )
. (01.04.2012)
. (31.03.2013)

Hkqxrku (ljdkj dks)
vkcaVu
. (01.04.2012)
. (31.03.2013)

Hkqxrku (ljdkj dks)
vkcaVu
. (01.04.2012)
. (31.03.2013)

Hkqxrku (ljdkj dks)
vkcaVu
. (01.04.2012)
. (31.03.2013)

Hkqxrku (ljdkj dks)
vkcaVu
(1301718.00)
2971836.00)
(1639814.66)
(838206.57)
(5040.00)
(53060916.26)
(70789972.17)
(2811863.69)
3311973.60
0.00
(4376.81)
4376.81
(729946905.37)
(692353519.98)
(37593385.39)
0.00
0.00
(25651275.91)
10899096.00
5061654.14
(110408754.86)
(1.06)
(20076185.00)
(70824339.94)
206370935.00
(1548140534.51)
(111311417.43)
(667268358.90)
(905186384.99)
111311417.43
24314209.38
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
17018.68
17018.68
0.00
0.00
0.00
0.00
8577.74
8577.74
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
(28463139.60)
14211069.60
0.00
0.00
(5040.00)
(53899122.83)
0.00
(4273554.00)
0.00
0.00
(72429786.83)
(70828716.75)
206375311.81
0.00
0.00
0.00
(110408754.86)
(1.06)
(20076185.00)
0.00
0.00
5061654.14
(942779770.38)
111311417.43
24314209.38
0.00
0.00
(1359621878.88)
0.00
(111311417.43)
0.00
0.00
(2278087439.88)
25596.42
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
25596.42


Payments (to Govt.)
Apportionment

Payments (to Govt.)
Apportionment
THIRUPURAM
Kerala
GRAND TOTAL
18
PARTICULARS
STATE / UT GOVT.
SN
(1223497437.85)
11882254988.73
25448671.88
41578807.16
(15624830.00)
(9229636578.09)
(1.93)
(4774314792.37)
0.00
0.00
(3293791172.47)
(314040532.19)
3565031332.30
808064.93
3227022.82
(8520450.00)
(3916494775.20)
(27161145.26)
(248188269.79)
0.00
0.00
(945338752.39)
(896300.80)
3618243.00
0.00
0.00
0.00
(2353534.62)
0.00
0.00
0.00
0.00
368407.58
97388.50
(10605528.25)
0.00
(1804930.00)
(16876532.00)
COFFEE BOARD
COFFEE INSURANCE
(948082.50)
2850401.00
MNAIS
(10619379.25)
16890383.00
WBCIS
7380733.42
8337228.00
0.00
0.00
0.00
(1634786.52)
0.00
0.00
0.00
0.00
14083174.90
4661693.00
(756051.00)
4167744.00
1250000.00
467343.51
420749.00
0.00
0.00
0.00
(817393.71)
0.00
0.00
0.00
0.00
70698.80
(68799.00)
(378026.00)
309227.00
COCONUT INSURANCE
STATE GOVT.
CDB
SHARE
0.00
1814380.00
0.00
0.00
0.00
(1814380.00)
0.00
0.00
0.00
0.00
0.00
0.00
ANY OTHER
SCHEME*
13333.25
0.00
0.00
0.00
0.00
(25000.00)
0.00
0.00
0.00
0.00
(11666.75)
0.00
CLAIM SHARE
(if any)*
(1530572860.66)
15461476921.03
26256736.81
44805829.98
(24145280.00)
(13152776448.14)
(27161147.19)
(5022503062.16)
0.00
0.00
(4224619310.33)
(7090490.75)
20990784.00
0.00
0.00
0.00
(19815539.00)
0.00
0.00
0.00
0.00
(5915245.75)
TOTAL
140
18
. (01.04.2012)
(1223497437.85)
11882254988.73
25448671.88
41578807.16
(15624830.00)
(9229636578.09)
(1.93)
(4774314792.37)
0.00
0.00
(3293791172.47)
. (01.04.2012)
. (31.03.2013)

Hkqxrku (ljdkj dks)
vkcaVu
(314040532.19)
3565031332.30
808064.93
3227022.82
(8520450.00)
(3916494775.20)
(27161145.26)
(248188269.79)
0.00
0.00
(945338752.39)
0.00
(896300.80)
3618243.00
0.00
0.00
0.00
(2353534.62)
0.00
0.00
0.00
0.00
368407.58
97388.50
(1804930.00)
(16876532.00)
(10605528.25)
(948082.50)
2850401.00
(10619379.25)
16890383.00
. (31.03.2013)

Hkqxrku (ljdkj dks)
vkcaVu
7380733.42
8337228.00
0.00
0.00
0.00
(1634786.52)
0.00
0.00
0.00
0.00
14083174.90
4661693.00
(756051.00)
4167744.00
1250000.00
467343.51
420749.00
0.00
0.00
0.00
(817393.71)
0.00
0.00
0.00
0.00
70698.80
(68799.00)
(378026.00)
309227.00
0.00
1814380.00
0.00
0.00
0.00
(1814380.00)
0.00
0.00
0.00
0.00
0.00
0.00
13333.25
0.00
0.00
0.00
0.00
(25000.00)
0.00
0.00
0.00
0.00
(11666.75)
0.00
(1530572860.66)
15461476921.03
26256736.81
44805829.98
(24145280.00)
(13152776448.14)
(27161147.19)
(5022503062.16)
0.00
0.00
(4224619310.33)
(7090490.75)
20990784.00
0.00
0.00
0.00
(19815539.00)
0.00
0.00
0.00
0.00
(5915245.75)

141

ANNEXURE 5
SUMMARY OF FINANCIAL STATEMENTS

in 000
SN
Particulars
2012-13
2011-12
2010-11
2009-10
2008-09
Gross Premium Written

32974200
Net Premium Income Earned
14762441
Income from Investments (Net)
1635168
Profit on Exchange Fluctuation
0
Total Income
16397609
Commissions
2225425
Brokerage
0
Operating Expenses
(464371)
Claims Incurred (Net)
(14446088)
Operating Profit/Loss
3712575
25768510
13202136
1488722
0
14690858
2461463
0
(411821)
(10257502)
6482998
19500541
12759164
1082388
0
13841552
1268678
0
(405959)
(9501464)
5202806
15203969
10225168
1095853
0
11321021
442967
0
(202399)
(11891903)
(330313)
8334426
7426091
1028616
0
8454707
89428
0
(158839)
(5296233)
3089063
962448
526617
694487
470369
7445446
(2424159)
5729423
(1926465)
364174
(30150)
3559431
(1233348)
5021287
3802958
334024
2326083
OPERATING RESULTS
1
2
3
4
5
6
7
8
9
10
NON-OPERATING RESULTS
11
12
13
14
Total Income under Shareholders 1444260

account (Net)
Profit before Tax
5122699
Provision for Tax & Deferred
(1640580)
Tax Liability
Profit after Tax
3482119
MISCELLANEOUS
15
16
17
18
19
20
21
22
23
24
POLICYHOLDERS ACCOUNT
Total Funds
Total Investments
Yield on Investments
7976931
11620327
9.03
18285876
17213977
8.98
17980874
16331990
7.85
18924592
16868589
9.13
11949633
11621770
9.32
SHAREHOLDERS ACCOUNT
Total Funds
Total Investments
Yield on Investments
*17441133
28320707
9.03
*13959013
15023513
8.98
11228283
10198610
7.85
7657770
6825815
9.13
7323746
7122803
9.32
Paid up Equity Captial

Net Worth
Total Assets
Yield on Total Investments
Earnings per Share ( )
Book Value per share ( )
Total Dividend
Dividend per Share ( )
2000000
*17441133
50741024
9.03
17.41
97.21
NIL
NIL
2000000
*13959013
38023578
8.98
25.11
79.80
250000
1.25
2000000
11228283
37124989
7.85
19.01
56.14
200000
1
2000000
7657770
28649553
9.13
1.67
38.29
NIL
NIL
2000000
7323746
21638226
9.32
11.63
36.62
200000
1
*Does not include
200 crore adhoc payment to Government of India.
142

vuqyXud&5
fokh; fooj.k dk lkjka'k

e fooj.k
laifjpkyu ifj.kke
1
2
3
4
5
6
7
8
9
10
gtkj esa
2008&09
2012&13
2011&12
2010&11
2009&10
32974200
14762441
1635168
0
16397609
2225425
0
(464371)
(14446088)
3712575
25768510
13202136
1488722
0
14690858
2461463
0
(411821)
(10257502)
6482998
19500541
12759164
1082388
0
13841552
1268678
0
(405959)
(9501464)
5202806
15203969
10225168
1095853
0
11321021
442967
0
(202399)
(11891903)
(330313)
8334426
7426091
1028616
0
8454707
89428
0
(158839)
(5296233)
3089063
1444260
962448
526617
694487
470369
5122699
(1640580)
7445446
(2424159)
5729423
(1926465)
364174
(30150)
3559431
(1233348)
3482119
5021287
3802958
334024
2326083
7976931
11620327
9-03
18285876
17213977
8-98
17980874
16331990
7-85
18924592
16868589
9-13
11949633
11621770
9-32
'ks;jkkjdksa dk [kkrk
dqy fufk
dqy fuos'k
fuos'k ls vk;
*17441133
28320707
9-03
*13959013
15023513
8-98
11228283
10198610
7-85
7657770
6825815
9-13
7323746
7122803
9-32
iznk bZfDoVh iwt

a h
fuoy ewY;
dqy ifjlEifk;k
dqy fuos'k ls vk;
vk; izfr 'ks;j ( )
izfr 'ks;j dk [kkrk ewY; ( )
dqy ykHkka'k
ykHkka'k izfr 'ks;j ( )
2000000
*17441133
50741024
9-03
17-41
97-21
'kwU;
'kwU;
2000000
*13959013
38023578
8-98
25-11
79-80
250000
1-25
2000000
11228283
37124989
7-85
19-01
56-14
200000
1
2000000
7657770
28649553
9-13
1-67
38-29
'kqU;
'kqU;
2000000
7323746
21638226
9-32
11-63
36-62
200000
1
ldy izhfe;e izkIr

fuoy izhfe;e vk; vtZu
fuos'k ls vk; (fuoy)
eqnkz &vfLFkjrk ij ykHk
dqy vk;
deh'ku
nykyh
ifjpkyu O;;
mixr nkos (fuoy)
ifjpkyu ykHk@gkfu
xSj ifjpkyu ifj.kke
11
12
13
14
'ks;j kkjdksa ds [kkrksa esa

dqy vk; (fuoy)
dj iwoZ ykHk
dj ds fy, izkokku vkSj
vkLFkfxr dj ns;rk
dj i'pkr ykHk
fofok
15
16
17
18
19
20
21
22
23
24
ikfylh kkjdksa dk [kkrk

dqy fufk
dqy fuos'k
fuos'k ls vk;
*Hkkjr ljdkj dks 200 djksM+ dk rnFkZ Hkqxrku 'kkfey ugha gSA
143

ANNEXURE-6
KEY ACCOUNTING RATIOS

SN
Particulars
2012-13
2011-12
Percentage/Ratio
Percentage/Ratio
Gross Premium Growth Rate
27.96%
32.14%
Gross Premium to Shareholders' Fund
*189.06
*184.60
Growth Rate of Shareholders' Fund
*24.95%
*24.32%
Net Retention Ratio
48.38
52.67
Net Commission Ratio
(13.95)
(17.43)
Expenses of Management to Gross Premium Ratio
2.37
2.36
Combined Ratio
79.51
60.48
Technical Reserves to Net Premium Ratio
169.60
134.74
Underwriting Balance Ratio
14.07
36.80
10
Operating Profit Ratio
25.24
54.78
11
Liquid Assets to Liabilities Ratio
70.93
80.07
12
Net Earnings Ratio
21.83
37.00
13
Return on Net Worth Ratio
*19.96
*35.97
14
Available Solvency Margin Ratio to Required Solvency Margin Ratio
*2.47
*3.18
15
NPA Ratio
0.00
0.00
Gross NPA Ratio
0.00
0.00
Net NPA Ratio
0.00
0.00
*Does not include
200 crore adhoc payment to Government of India.
144

vuqyXud &6
eq[; fokh; vuqikr

e fooj.k
la-
2012&13
izfr'kr@vuqikr
2011&12
izfr'kr@vuqikr
ldy izhfe;e o`fnj
27.96%
32.14%
'ks;j kkjdksa dh fufk esa ldy izhfe;e
*189.06
*184.60
'ks;jkkjdksa dh fufk esa o`f nj
*24.95%
*24.32%
'kq izfrkkj.k vuqikr
48.38
52.67
'kq deh'ku vuqikr
(13.95)
(17.43)
ldy izhfe;e ds vuqikr esa izcUkdh; O;;
2.37
2.36
la;Dq r vuqikr
79.51
60.48
'kq izhfe;e vuqikr esa rduhdh vkjf{kr&fufk
169.60
134.74
chekys[ku 'ks"k vuqikr
14.07
36.80
10
izpkyu ykHk vuqikr
25.24
54.78
11
ns;rk vuqikr esa py ifjlEifk
70.93
80.07
12
fuoy vk; vuqikr
21.83
37.00
13
fuoy lEifk vuqikr ij ykHk
*19.96
*35.97
14
vko';d 'kksku {kerk ds vuqikr esa miyCk 'kksku {kerk
*2.47
*3.18
15
,u ih , vuqikr
0.00
0.00
ldy ,uih, vuqikr
0.00
0.00
fuoy ,uih, vuqikr
0.00
0.00
*Hkkjr ljdkj dks 200 djksM+ #i;s dk rnFkZ Hkqxrku 'kkfey ugha gS
145

ANNEXURE - 4
CASH FLOW STATEMENT

FOR THE YEAR ENDED 31ST MARCH, 2013
(As per Direct Method )
SN
A)
1
2
3
4
5
6
7
8
B)
9
10
11
12
13
14
C)
15
16
17
18
19
20
Particulars
Current Year
01.04.12 to 31.03.13
( 000)
CASH FLOW FROM OPERATING ACTIVITIES

Cash receipts from Premium income
32889040
Less:
Cash paid for Claims payment
15672924
Cash paid for Reinsurance Premium
8007868
(less Commission net of Reinsurance &
Re-insurance claims)
Cash paid for expenses
242617
Cash generated from Operations
Miscellaneous receipts
Income Tax paid/refunds
Cash Flow before extraordinary items
(Increase) / Decrease in Loans given
Net Cash from Operating Activities (A)
CASH FLOW FROM INVESTING ACTIVITIES
Purchase of Fixed Assets
Proceeds from sale of Fixed Assets
Investments made
Interest Income
Expenses incurred
(Increase) / Decrease in Funds Advanced (Sch 12)
Net Cash used in Investing Activities (B)
CASH FLOW FROM FINANCING ACTIVITIES
Issue of Share Capital
Increase in Borrowings
Dividend and dividend distibution tax paid
Increase / (Decrease) in Liabilities (Sch 13 & 14)
Net Cash from Financing Activities(C)
Net increase in Cash & Cash equivalents:
Cash & Cash equivalents at the end of the period
Cash & Cash equivalents at the beginning of the period
Net increase in Cash & Cash equivalents

Company Secretary
(K. N. Bhandari)
Director
DIN 00191219
(M. K. Poddar)
(S. Surenther)
Director
DIN 01715089

32889040
Previous Year
01.04.11 to 31.03.12
( 000)
25751050
25751050
14355904
5701508
23923409
8965631
5577
(2341747)
6629461
(7296)
6622165
269370
20326782
5424268
45964
(1581229)
3889003
550
3889553
(354776)
173
(7716487)
2841144
(11891)
(3420954)
(8662791)
(15470)
202
(5723843)
2287506
(4117)
(771839)
(4227561)
(290556)
2965252
2674696
634070
835320
201250
634070
0
0
(232445)
(4703312)
(4935757)
(5273765)
201250
5475015
(5273765)
(G. Anandan)
General Manager
(P. J. Joseph)
DIN 05229601
(Abhinav Khosla)
Partner
M.No. 087010
(Sumit Ghei)
Partner
M.No.097893
Place: New Delhi

Date: 18.06.2013
146

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udn izokg fooj.k

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1
2
3
4
5
6
7
8
c)
9
10
11
12
13
14
l)
15
16
17
18
19
20
fooj.k
orZeku o"kZ
01-04-12 ls 31-03-13 rd
( ^000)
ifjpkfyr xfrfofk;ksa ls udnh izokg

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?kVk;sa %
nkoksa ds Hkqxrku ds fy, udn Hkqxrku
iquchZek izhfe;e ds fy, udn Hkqxrku
?kVk % iquchZek vkSj iquchZek nkoksa
dks gVk dj fuoy deh'ku
[kpks ds fy, udn Hkqxrku
ifjpkyu ls udnh mRltZu
fofok izkfIr;k
vk;dj Hkqxrku@okilh
vlkkkj.k enksa ls iwoZ udnh izokg
fn;s x, .kksa esa (o`f)@deh
ifjpkyu xfrfofk;ksa ls 'kq udn (v)
fuos'k xfrfofk;ksa ls udn izokg
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LFkkbZ ifjlEifk;ksa dh fch ls vk;
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fuos'k dk;ks esa 'kq udn dk iz;ksx (c)
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'ks;j iwt
a h tkjh djuk
mkkj esa c<+ks kjh
ykHkka'k ,oa ykHkka'k forj.k dj Hkqxrku
ns;rkvksa esa o`f@(deh) (vuqlp
w h 13 ,oa 14)
fokh; xfrfofk;ksa ls 'kq udn (l)
udn ,oa udn lerqY;ksa esa 'kq c<+kskjh
o"kZ dh lekfIr ij udn vkSj udn lerqY;
o"kZ ds vkjEHk esa udn vkSj udn lerqY;
udn vkSj udn lerqY;ksa esa 'kq c<+ks kjh

daiuh lfpo
(ds- ,u- HkaMkjh)
funs'kd
Mh vkbZ ,u 00191219
(vfHkuo [kkslyk)
Hkkxhnkj
,e ua- 087010
LFkku % ubZ fnYyh
fnukad 18-06-2013
32889040
32889040
15672924
8007868
242617
(,e- ds- iksn~nkj)

mi egk izcakd
(,l- lqjsUFkj)
funs'kd
Mh vkbZ ,u 01715089
147
xr o"kZ
01-04-11 ls 31-03-12 rd
( ^000)
25751050
25751050
14355904
5701508
23923409
8965631
5577
(2341747)
6629461
(7296)
6622165
269370
20326782
5424268
45964
(1581229)
3889003
550
3889553
(354776)
173
(7716487)
2841144
(11891)
(3420954)
(8662791)
(15470)
202
(5723843)
2287506
(4117)
(771839)
(4227561)
(290556)
2965252
2674696
634070
835320
201250
634070
0
0
(232445)
(4703312)
(4935757)
(5273765)
201250
5475015
(5273765)
(th- vkuanu)
egk izcakd
(ih- ts- tksliQ)
Mh vkbZ ,u 05229601
(lqfer ?kbZ)
Hkkxhnkj
,e ua- 097893

REGIONAL AND ONE MAN OFFICES OF THE COMPANY
148

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okf"kZd izfrosnu 2012 & 13