SBI LIFE INSURANCE COMPANY LIMITED

SCHEDULES FORMING PART OF FINANCIAL STATEMENTS

SCHEDULE -3
L-6- Operating Expenses Schedule

( ` '000)

For the period ended June 30, 2016

Participating
Particulars

Life

Non Participating
Variable
Insurance

Pension

Life

Annuity

Pension

Unit Linked
Variable
Insurance

Health

Employees' remuneration & welfare benefits

559,110
Travel, conveyance and vehicle running expenses
31,826
Training expenses
7,669
Rent, rates & taxes
38,448
Repairs
24,688
Printing & stationery
7,755
Communication expenses
37,952
Legal & professional charges
56,940
Medical fees
11,780
Auditors' fees,expenses,etc.
(a) as auditor
225
(b) as adviser or in any other capacity,in respect of
(i) Taxation matters
(ii) Insurance matters
(iii)Management services; and
(c) in any other capacity (refer note no. 21(h) of Schedule 16 (C))
185
(d) Out of pocket expenses
Advertisement, Publicity and marketing
35,699
Interest & bank charges
2,904
Recruitment expenses
431
Information technology expenses
32,869
Service tax *
2,866
Stamp duty on policies
10,112
Depreciation
25,758
Business promotion expenses
64,119
Other expenses
37,310

10,434
642
138
775
498
156
765
1,148
238

32,168
1,823
568
2,203
1,415
444
2,174
3,262
665

475,070
29,752
6,417
35,941
23,079
7,250
35,478
53,228
10,996

4,511
283
61
342
220
69
338
506
105

20,401
1,262
272
1,525
979
308
1,505
2,258
468

13

210

11

173

720
57
9
663
30
200
519
16
842

2,045
167
25
1,883
144
573
1,476
12,780
2,209

33,372
2,719
403
30,726
10,472
64,771
24,079
160
37,311

318
24
4
292
5
90
229
381

1,416
116
17
1,303
132
434
1,021
22
1,700

3
8
(2)
6

Total

17,859

66,050

881,608

7,782

35,155

251

988,647

151
9
2
11
7
2
11
17
3

11
1
10

Life

Pension

Grand Total

Group

25,316
1,589
343
1,919
1,232
387
1,894
2,842
590

823,196
46,250
12,355
55,872
35,877
11,270
55,151
82,745
17,041

90,257
5,233
1,129
6,322
4,059
1,275
6,240
9,362
1,942

4,279
269
58
324
208
65
320
480
100

2,044,894
118,938
29,011
143,682
92,262
28,982
141,829
212,789
43,928

11

327

37

842

269

30

1,782
146
21
1,641
11
518
1,286

5,870
479
71
5,404
169
1,650
4,235
512
6,597

301
25
4
277

2,050

51,878
4,234
626
47,765
2,046
14,623
37,432
177,342
58,746

351

692
1
133,411
10,872
1,609
122,834
15,876
93,061
96,260
254,948
147,504

43,587

1,535,045

150,874

7,368

3,734,225

86
217

SCHEDULE -3
L-6- Operating Expenses Schedule
For the period ended June 30, 2015

( ` '000)
Participating
Particulars

Life

Non Participating
Variable
Insurance

Pension

Life

Annuity

Pension

Unit Linked
Variable
Insurance

Health

Employees' remuneration & welfare benefits

447,783
Travel, conveyance and vehicle running expenses
22,289
Training expenses
5,969
Rent, rates & taxes
30,491
Repairs
22,771
Printing & stationery
6,474
Communication expenses
28,991
Legal & professional charges
45,742
Medical fees
8,125
Auditors' fees,expenses,etc.
(a) as auditor
200
(b) as adviser or in any other capacity,in respect of
(i) Taxation matters
(ii) Insurance matters
(iii)Management services; and
(c) in any other capacity (refer note no. 21(h) of Schedule 16 (C))
184
(d) Out of pocket expenses
Advertisement, Publicity and marketing
35,042
Interest & bank charges
2,499
Recruitment expenses
830
Information technology expenses
28,076
Service tax *
Stamp duty on policies
6,652
Depreciation
17,433
Business promotion expenses
56,851
Other expenses
34,356

12,196
631
169
864
645
183
821
1,296
232

34,873
1,668
447
2,282
1,705
485
2,170
3,424
596

553,867
29,006
7,767
39,679
29,633
8,425
37,728
59,527
10,614

5,751
301
81
412
308
88
392
619
111

8,499
439
118
601
449
128
571
901
161

15

260

474
32
11
380
1
91
236

25
2
1
20

1,194
86
28
957

5
12

237
594

527

691
49
16
553
9
194
344
74
936

25

Total

9,819

14,740

514

800,758

14

993
69
24
795

2,623
188
62
2,102

188
494
93
1,061

490
1,305
18,257
2,570

240
1
45,602
3,262
1,080
36,537
20,060
36,407
22,687
240
47,074

20,764

75,276

989,695

303
16
4
22
16
5
21
33
6

Life

Pension

Grand Total

Group

14,498
760
203
1,039
776
221
988
1,559
279

526,855
26,475
7,089
36,217
27,048
7,690
34,435
54,332
9,656

36,177
1,821
488
2,491
1,860
529
2,368
3,736
668

3,114
163
44
223
167
47
212
335
60

1,643,916
83,569
22,378
114,321
85,378
24,275
108,698
171,504
30,506

238

16

750

15

2,862
205
68
2,293
1
542
1,424
909
3,381

257
18
6
206

1,337

219
1
41,622
2,980
986
33,349
26
7,885
20,707
78,230
45,581

296

691
2
131,384
9,390
3,111
105,267
20,097
52,739
65,363
154,654
137,144

24,770

961,620

61,854

5,328

2,965,137

49
128