BAJAJ ALLIANZ Annual Report 2008-09

BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED IRDA Registration No.
116 dated 3rd August, 2001
BOARD OF DIRECTORS :
Mr. Rahul Bajaj (Chairman)
Dr. Werner Zedelius
Mr. Sanjay Asher
Mr. Niraj Bajaj
Mr. Sanjiv Bajaj
Mr. Heinz Dollberg
Mr. Ranjit Gupta
Mr. S. H. Khan
Mr. Suraj Mehta
Mr. Dietmar Raich
Mr. Manu Tandon
Mr. Kamesh Goyal (Alternate Director to Dr. Werner Zedelius)
AUDITORS :
B S R & Co.
Chartered Accountants
DALAL & SHAH

Chartered Accountants
MAIN BANKERS :
Standard Chartered Bank
Syndicate Bank
AXIS Bank
Deutsche Bank
HDFC Bank
REGISTERED OFFICE :
Bajaj Allianz Life Insurance Company Limited
Ground Floor, G.E. Plaza, Airport Road,
Yerawada, Pune- 411006.
Tel : 020-6602 6777
Fax : 020-6602 6789
email : life@bajajallianz.co.in
Visit us at : www.bajajallianzlife.co.in
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED Annual Report 2008-2009
INDEX
Directors' Report 2
Management Report 4
Auditors' Report 7
Revenue Account : Policyholders' Account (Technical Account) 10
Profit & Loss Account : Shareholders' Account (Non Technical Account) 15
Balance Sheet 16
Schedule 1-15 18
Annexure to Revenue Account 34
Notes to Financial Statements 40
Cash Flow Statement 114
Balance Sheet abstract & Company's general business profile 115

BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED IRDA Registration No. 116 dated 3rd August, 2001
DIRECTORS' REPORT
registering a growth of 9.2%. The growth in the gross written

premium was due to the increase in renewal collections from
Rs. 30.5 Bn in the previous year to Rs. 61.3 Bn in the current
year, an increase of 101%. The annualized new business
premium (considering single premium @ 10% and first year
premium @ 100%) registered a negative growth of 32% from
Rs 59.9 Bn in the previous year to Rs 40.6 Bn in the current
year. The Company's market share on an annualized new
business premium basis reduced from 10.3% to 7.7% in the
year 2008-09. The Company earned a profit of Rs. 448 million
during 2008-09, as compared to a loss of Rs. 159 million in the
previous year. In the current financial year, the Company is
Rahul Bajaj
focusing on improving employee productivity, policy
Chairman
persistency, operational processes and service levels.
The Directors have pleasure in presenting their Eighth Annual
Report & Audited Statements of Accounts for the year 2008- 09 Investments
1. Market scenario in the life insurance industry : The Assets under Management as on 31st March 2009 were Rs
171.56 billion which included shareholder funds Rs 7.7 Bn;
Life insurance business had grown rapidly in the last few years traditional policyholder funds Rs 23.21 Bn and Unit linked
till March 2008 on the back of high GDP growth, rising stock funds of Rs 140.65 Bn. The unit-linked funds increased by
market, higher income levels and a massive expansion of 28.40 % from Rs 109.54 Bn in the previous year.
distribution network by the insurance companies. However,
due to slow down in domestic growth and global recession, The traditional portfolios were managed keeping in mind the
Insurance industry too lost its momentum during 2008-09, regulatory asset allocation requirements and delivered
accompanied by huge expense overrun viz. higher actual superior returns at very low risk. The performance of the ULIP
expenses compared with provisions built in the products. In funds, for the year ended 31st March, 2009, were excellent.
the Financial Year 2008-09, the life insurance industry had a The funds outperformed both the benchmark as well as the
negative growth of 6.3% vis-à-vis growth of 23.32% in the peer group in all categories. The cash fund outperformed by
previous year, garnering new business (NB) premium of Rs almost 200 basis points over the CRISIL Composite Liquid
871 billion compared to NB premium of Rs 930 billion in FY Index and the bond fund outperformed the CRISIL Composite
2007-08. The growth rate of private sector companies Bond Index by almost 700 basis points. The large cap funds
collapsed from 74% in 2007-08 to 1% in 2008-09 while LIC has and mid cap equity funds also outperformed the benchmark
to contend with a negative growth of 10.5%. Accordingly, handsomely. The Pure Stock Fund, outperformed the Nifty
market share of private players increased from 36.36% in Index by almost 20%.
2007-08 to 39.21% in 2008-09.
Products
2. Summary of operations for the year:
The Company launched a basket of 15 new products during the
Business Performance year, with a view to providing additional products to the
customers.
The Company was at the third position among the private life
insurers on NB premium basis for the financial year 2008-09 The Company now has 38 individual products and 14 group
compared to the second position in the previous year. It wrote products catering to all strata of the society.
NB of Rs. 44.9 Bn compared to Rs. 66.7 Bn in the previous year
Corporate Communications
registering a negative growth rate of 32.7%. Market share of
the Company dropped to 5.2% compared to 7.0% in the The Company was ranked 32nd in the Economic Times most
previous year. The Company is at second position among the trusted service brand survey and was ranked 30th in the Pitch
private life insurers on the basis of number of new policies Magazine India's top 50 service brand. The Company
issued; with 2.59 million policies issued in the year 2008-09 sponsored Rajasthan Royal's Team in the Indian Premier
compared to 3.74 million policies issued in the previous year. League which went on to win the tournament and emerged
The gross premium written for the financial year 2008-09 was as a successful campaign for the Company. The Company
Rs. 106.2 Bn, compared to Rs. 97.2 Bn in the previous year, also sponsored Miss Confident section of Femina Miss India
Pageant. The Company implemented various TV and Radio
2
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED Directors' Report for the Financial Year ended 31st March 2009 Annual Report 2008-2009
campaigns with focus on general entertainment, news and (iii)that proper and sufficient care has been taken for the
niche channels. maintenance of adequate accounting records in
accordance with the provisions of the Act for
3.1 Capital: safeguarding the assets of the Company and for
preventing and detecting fraud and other
Capital base of the Company was maintained at Rs.12.10 Bn. irregularities;
with no fresh infusion in FY 2008-09. The Company placed
special emphasis on capital efficiency and had the highest (iv) that the annual accounts have been prepared on a
ratio of gross written premium to capital invested by going concern basis.
shareholders among the private sector.
9. Audit Committee:
3.2 IRDA Registration:
The Audit Committee of Board of Directors constituted in
The Certificate of Registration from the IRDA to carry on life accordance with the provisions of Section 292A of the
insurance business was renewed for the year 2009-10. Companies Act, 1956 held their meetings on 12th May 2008
and 4th December 2008 and reviewed the operations and
4. Particulars regarding conservation of energy and accounts of the Company.
technology absorption:
10. Auditors:
Since the Company did not carry out any manufacturing
activity, the Companies (Disclosure of Particulars in the report The Company appointed M/s. B S R & Co., Chartered
of the Board of Directors) Rules, 1988 are not applicable. Accountants and M/s. Dalal and Shah, Chartered Accountants,
as joint statutory auditors of the Company in the last Annual
5. Foreign exchange earnings and expenditure: General meeting. They hold office up to the conclusion of the
Eighth Annual General meeting of the Company.
Earnings in foreign currency NIL
The shareholders are requested to appoint the auditors for
Expenditure in foreign currency Rs. 129 million
the period from the conclusion of the ensuing annual general
6. Particulars of employees: meeting till the conclusion of the next annual general
meeting and to fix their remuneration.
As required by the provisions of sub-section 2A of Section 217
of the Companies Act, 1956 read with the Companies 11. Appreciation:
(Particulars of Employees) Rules, 1975 as amended, the
The Board is grateful to the IRDA and other regulatory
names and other particulars of the employees are set out in
authorities for their continued support. The Board is also
the annexure to the Directors' Report. The report and
grateful to its Policyholders, Bankers, Intermediaries and
Accounts are being sent to the shareholders of the Company
Channel Partners for their continued support.
excluding the said information. Any shareholder interested in
obtaining such particulars may write to the Company
The Directors take this opportunity to thank the concerned
Secretary at the Registered Office of the Company.
employees of Bajaj Finserv Limited and Allianz SE for their
invaluable contribution in guiding the working of the
7. Directors:
Company.
Mr. Sanjay Asher and Mr. Suraj Mehta retire by rotation and
The Directors also take this opportunity to thank the
being eligible offer themselves for re-appointment as
management & employees for their hard work, dedication
Directors.
and commitment.
8. Directors' responsibility statement:
In accordance with the requirements of sub-section 2AA of

Section 217 of the Companies Act, 1956, the Board of
On behalf of Board of Directors of
Directors wish to confirm the following:
Bajaj Allianz Life Insurance Company Ltd.
(i) that in preparation of the annual accounts, the
applicable accounting standards have been followed
along with proper explanation relating to material Rahul Bajaj
departures; Chairman
(ii) that such accounting policies have been selected and
Pune
applied consistently and made judgments and
11th May 2009
estimates that are reasonable and prudent so as to
give a true and fair view of the state of affairs of the
Company as on 31st March 2009 and of the profit of
the Company for that year;
3
MANAGEMENT REPORT
With respect to the operations of Bajaj Allianz Life Insurance The Company has established robust underwriting
Company Limited ('the Company') for the financial year 1st procedures to mitigate underwriting risks. Additionally
April 2008 to 31st March 2009 and results thereof, the the Company has entered into reinsurance arrangements
Management of the Company confirms and declares that: wherein it reinsures risk in excess of its retention limits to
mitigate its risk exposure.
1. The registration certificate granted by Insurance
Regulatory and Development Authority (IRDA) is valid The investment risk is managed by laying down
and the same has been renewed for the year 2009 - 2010. appropriate guidelines in the Investment Policy. The
Investment Policy is formulated by the Investment
2. We certify all relevant statutory dues payable by the Committee and approved by the Board of Directors. The
Company have been generally deposited on time. investment policy is reviewed at least once a year for
alignment with the Company's latest business plan and
3. During the current year the Company has transferred
other developments during the year.
111,358,900 shares from Bajaj Auto Limited to Bajaj
Finserv Limited vide order of the High Court of Judicature 9. The Company does not have operations in any other
at Mumbai dated 18th December 2007 granting approval country.
for the scheme of arrangement. The transfer has also
been approved by the Insurance Regulatory and 10. Claim settlement time for the claims lodged has been
Development Authority (IRDA) and was made on 23rd May around 7 days from the date of receipt of complete
2008. requirements. Ageing of claims registered and not
settled, pending for receipt of complete requirement is
4. The management has not directly or indirectly invested given below.
outside India, the funds of the holders of policies issued in
India. For Linked Business
(Rs. In lakh)
5. The required solvency margins have been maintained as
Current Year Previous Year
required by the IRDA.
Period No. of Amount No. of Amount
6. We certify that the values of all the assets have been Claims involved Claims involved
reviewed on the date of Balance Sheet and in the Less than 30 days 330 663.40 442 893.92
management's belief, the assets set forth under each of 30 days to 6 months 223 649.88 296 555.96
the headings in the Balance Sheet are shown in the 6 months to 1 year 117 214.86 70 102.10
aggregate at amounts not exceeding their realizable or 1 year to 5 years 116 175.41 47 81.01
market value under their related headings - “Loans”, 5 years & above Nil Nil Nil Nil
“Investments”, “Outstanding Premiums”, “Income
accrued on investments”, “Amounts due from other
For Traditional Business
entities carrying on insurance business (including
amounts due from reinsurers)”, “Cash” and the several (Rs. In lakh)
items specified under “Advances” and “Other Accounts”. Current Year Previous Year
Period No. of Amount No. of Amount
Market value of investment in debt securities (other than Claims involved Claims involved
unit linked funds) on the date of Balance Sheet, which are Less than 30 days 645 221.15 206 122.96
valued at amortised cost as per IRDA regulations, is higher 30 days to 6 months 531 203.26 343 132.67
than their carrying amount.
6 months to 1 year 269 180.97 104 88.42
7. We certify that, no part of the life insurance fund has been 1year to 5 years 261 220.13 161 205.21
directly or indirectly applied in contravention of the 5 years & above 6 7.92 1 4.32
Insurance Act, 1938 (4 of 1938) relating to the application
and investment of the life insurance fund. 11. We certify that the values, as shown in the Balance Sheet,
of the investments (other than unit linked investments),
8. The Company recognizes the risks associated with the life
which consists of fixed income securities, equity shares
insurance business and manages the risks by adopting
and mutual fund units that have been valued as per
prudent policies to counter the key risks of the Company –
accounting policies prescribed by IRDA. Market values
namely underwriting and investment risks.
have been ascertained for equities on the basis of lower of
4
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED Management Report For The Year Ended 31st March 2009 Annual Report 2008-2009
the closing prices as on the balance sheet date on The 13. The Management of Bajaj Allianz Life Insurance Company
National Stock Exchange of India Ltd. (NSE) and The Limited certifies that:
Bombay Stock Exchange Ltd, Mumbai (BSE). For fixed
income securities, valuation is based on procedure issued a) The financial statements of Bajaj Allianz Life Insurance
by Fixed Income and Money Market and Derivative Company Limited have been prepared in accordance
Dealers Association of India (FIMMDA). The investments with the applicable accounting standards and
in the Mutual Funds are valued at the Net Asset Values principles and policies with no departures;
(NAV) of these Mutual funds as on the Balance Sheet date. b) The Management has adopted accounting policies
We certify that the unit linked investments have been and applied them consistently and made judgements
valued on the basis as stated below: and estimates that are reasonable and prudent so as
to give a true and fair view of the state of the affairs of
Equities have been valued at market values which have the Company at the end of the financial year and of the
been ascertained on the basis of the last quoted closing operating profit as per Policyholders' Account
price on the NSE. In case the equity shares are not listed on (Technical Account) and of the Loss as per
the NSE, then they are valued on the last quoted closing Shareholders' Account (Non Technical Account) of the
price on BSE. Government securities are valued at prices Company for the year;
obtained from Credit Rating Information Services of India
Ltd. (CRISIL). Corporate bonds and debentures are valued c) The Management has taken proper and sufficient
on the basis of CRISIL Bond Valuer. Treasury bills, care for the maintenance of adequate accounting
certificate of deposits and commercial papers are valued records in accordance with the applicable provisions
at cost plus accretion at yield to maturity. Mutual fund of the Insurance Act, 1938 (4 of 1938) and Companies
units have been valued at the last available Net Asset Act, 1956 (1 of 1956), for safeguarding the assets of
Value declared by the respective mutual fund. the Company and for preventing and detecting fraud
and other irregularities;
12. The Company has invested (other than unit linked funds)
mainly in approved Government securities and AAA, AA+ d) The financial statements have been prepared on a
or AA rated bonds. The primary aim while investing is to going concern basis;
generate adequate return while minimizing risk. The e) The Company has an internal audit system
emphasis is also on the liquidity of investments to ensure commensurate with the size of the Company and
that the Company meets all outgoings related to claims nature of the business.
and other operations. While most of the investments are
in fixed income securities in the form of Government of 14. The following are the payments made to individuals,
India securities or Corporate Bonds with strong credit firms, companies and organizations in which the directors
rating, a small portion is also invested in Equity shares. of the insurer are interested:
Based on the past track record, the Management is
confident of the quality and performance of the
investments.
Sl. Name of the Director Entity in which Director Interested as Amount of Payment
No. is interested during the financial year
(Rs. In lakh)
1 Mr. Rahul Bajaj, Bajaj Finserv Ltd. Director 52.45

Mr. Sanjiv Bajaj and Director
Mr. S. H. Khan Director
2 Mr. Rahul Bajaj, Bajaj Auto Ltd. Director 6.82

Mr. Niraj Bajaj, (Now known as Director
Mr. Sanjiv Bajaj and Bajaj Holdings Director
Mr. S. H. Khan and Investment Ltd.) Director
3 Mr. Rahul Bajaj and Bajaj Auto Finance Ltd. Director 6.00
Mr. Sanjiv Bajaj Director
4 Mr. Rahul Bajaj, Bajaj Allianz General Director 165.79

Dr Werner Zedelius, Insurance Company Ltd. Director
Mr. Niraj Bajaj, Director
Mr. Sanjiv Bajaj, Director
Mr. Heinz Dollberg, Director
5
Sl. Name of the Director Entity in which Director Interested as Amount of Payment
No. is interested during the financial year
(Rs. In lakh)
Mr. Ranjit Gupta, Director

Mr. Sanjay Asher, Director
Mr. Suraj Mehta, Director
Mr. S. H. Khan, Director
Mr. Manu Tandon and Director
Mr. Kamesh Goyal Alternate Director
5 Mr. Rahul Bajaj, Hind Musafir Agency Limited Shareholding exceeds 2% 0.77
Mr. Niraj Bajaj and Shareholding exceeds 2%
Mr. Sanjiv Bajaj Relative is Director
6 Dr. Werner Zedelius Allianz Insurance Management Director 0.60

Asia Pacific Pte Limited
7 Mr. Heinz Dollberg Bajaj Allianz Financial Director 1,849.68

Mr. Ranjit Gupta Distributors Ltd. Director
Mr. Kamesh Goyal Director
For Bajaj Allianz Life Insurance Company Limited
Rahul Bajaj Kamesh Goyal Niraj Bajaj

Chairman Alternate Director & Chief Executive Officer Director
Sanjiv Bajaj S.H. Khan Ranjit Gupta

Director Director Director
Sanjay Asher Suraj Mehta Manu Tandon

Rajesh Viswanathan Anil Singh Sameer Bakshi

Chief Financial Officer Appointed Actuary Company Secretary &
Head – Legal & Compliance
Place : Pune
Date : 11th May 2009
6
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED Auditors' Report Annual Report 2008-2009
AUDITORS' REPORT
To the Members of Bajaj Allianz Life Insurance Company our examination of those books;
Limited
(c) As the Company's financial accounting system is
1. We have audited the attached Balance Sheet of Bajaj centralized at head office, no returns for the purposes
Allianz Life Insurance Company Limited ('the Company') of our audit are prepared at the branches and other
as at March 31, 2009, the related Policyholders' Revenue offices of the Company;
Account, the Shareholders' Profit and Loss Account and
the Receipts and Payments Account for the year ended on (d) The Balance Sheet, the Policyholders' Revenue
that date annexed thereto, which we have signed under Account, the Shareholders' Profit and Loss Account
reference to this report. These financial statements are and the Receipts and Payments Account referred to in
the responsibility of the Company's management. Our this report are in agreement with the books of
responsibility is to express an opinion on these financial account;
statements based on our audit. (e) The actuarial valuation of liabilities for life policies in
2. We conducted our audit in accordance with auditing force is the responsibility of the Company's Appointed
standards generally accepted in India. Those standards Actuary ('the Appointed Actuary'). The actuarial
require that we plan and perform the audit to obtain valuation of these liabilities as at March 31, 2009 has
reasonable assurance about whether the financial been duly certified by the Appointed Actuary. The
statements are free of material misstatement. An audit appointed Actuary has also certified in his opinion, the
includes examining, on a test basis, evidence supporting assumptions for such valuation are in accordance
the amounts and disclosures in the financial statements. with the guidelines and norms, if any, issued by the
An audit also includes assessing the accounting principles Insurance Regulatory Development Authority
used and significant estimates made by management, as ('IRDA') ('Authority) and the Actuarial Society of India
well as evaluating the overall financial statement in concurrence with the Authority. We have relied
presentation. We believe that our audit provides a upon Appointed Actuary's certificate in this regard for
reasonable basis for our opinion. forming our opinion on the financial statements of
the Company;
3. The Balance Sheet, the Policyholders' Revenue Account,
the Shareholders' Profit and Loss Account and the (f) On the basis of written representations received from
Receipts and Payments Account have been drawn up in the Directors of the Company, as on March 31, 2009
accordance with the Insurance Act, 1938 (Act 4 of 1938), and taken on record by the Board of Directors, none of
Insurance Regulatory and Development Act, 1999, the Directors are is disqualified as on March 31, 2009
Insurance Regulatory and Development Authority from being appointed as a Director in terms of clause
(Preparation of Financial Statements and Auditor's Report (g) of sub-section (1) of Section 274 of the Companies
of Insurance Companies) Regulations 2002 ('the Act, 1956.
Regulations') read with Section 211 of the Companies Act, 6 In our opinion and to the best of our information and
1956. according to the explanations given to us, we further
4. As required by the Regulations, we set out in the report that:
Annexure, a statement certifying the matters specified in (a) The Investments have been valued in accordance with
paragraph 4 of Schedule C to the Regulations. the provisions of the Insurance Act, 1938, the
5. Further to our comments in the Annexure referred to Regulations and / or orders / directions issued by IRDA
above, we report that: in this behalf;
(a) We have obtained all the information and (b) The accounting policies selected by the Company are
explanations, which to the best of our knowledge and appropriate and are in compliance with the applicable
belief were necessary for the purposes of the audit Accounting Standards referred to in sub-section (3C)
and have found them to be satisfactory; of section 211 of the Companies Act, 1956 and the
Rules framed there under and with the accounting
(b) In our opinion and to the best of our information and principles as prescribed in the Insurance Regulatory
according to the explanations given to us, proper and Development Authority (Preparation of Financial
books of account as required by law have been Statements and Auditor's Report of Insurance
maintained by the Company, so far as appears from Companies) Regulations, 2002, ('the Regulations')
7
and orders / directions issued by IRDA in this behalf; (iii)in the case of Shareholders' Profit and Loss account, of
the loss for the year ended on that date; and
(c) The Balance sheet, the Policyholders' Revenue
Account, the Shareholders' Profit and Loss Account (iv) in the case of the Receipts and Payments Account, of
and the Receipts and Payments Account dealt with by the receipts and payments for the year ended on that
this report comply with the Accounting Standards date.
referred to in sub-section (3C) of section 211 of the
Companies Act, 1956 and the Rules framed there 8 Further, on the basis of our examination of books and
under to the extent they are not inconsistent with the records of the Company and according to the information
accounting principles prescribed in the Regulations and explanations given to us, we certify to the best of our
and orders / directions issued by IRDA in this behalf; knowledge and belief that:
7. The Balance Sheet, the Policyholders' Revenue Account, (a) We have reviewed the Management Report attached
the Shareholders' Profit and Loss Account and the to the financial statements for the year ended 31
Receipts and Payments Account together with the notes March 2009, and have found no apparent mistake or
thereon and attached thereto are prepared in accordance material inconsistencies with the financial
with the requirements of the Regulations, the Insurance statements; and
Act, 1938, the Insurance Regulatory and Development (b) Based on information and explanations received
Authority Act, 1999 and the Companies Act, 1956, to the during normal course of the audit, management's
extent applicable and in the manner so required and give representations made to us and the compliance
a true and fair view in conformity with the accounting certificate submitted to the Board by the officers of
principles generally accepted in India as applicable to the Company charged with Compliance and the same
insurance companies: being noted by the Board, nothing has come to our
(i) in the case of the Balance Sheet, of the state of affairs attention which causes us to believe that the
of the Company as at March, 31 2009; Company has not complied with the terms and
conditions of registration as per subsection 4 of
(ii) in the case of Policyholders' Revenue Account, of the section 3 of the Insurance Act, 1938.
net surplus for the year ended on that date;
Dalal & Shah B S R & Co.

Chartered Accountants Chartered Accountants
Anish Amin Juzer Miyajiwala

Partner Partner
Membership No. 40451 Membership No. 47483
Place : Pune Place : Pune

Date : 11th May 2009 Date : 11th May 2009
8
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED Annexure to the Auditors Report Annual Report 2008-2009
Annexure to the Auditors Report

(Referred to in the Auditors' Report to the members of Bajaj Allianz Life Insurance Company Limited 'the Company') on the accounts
for the year ended 31 March 2009)
Auditors' Certificate
To the Members of Bajaj Allianz Life Insurance Company Limited
In accordance with the information and explanations given to us and to the best of our knowledge and belief and based on our
examination of the books of account and other records maintained by Bajaj Allianz Life Insurance Company Limited ('the Company')
for the year ended March 31, 2009, we certify that:
1. We have verified the cash balances, to the extent considered necessary, and securities relating to the Company's loans and
investments as at March 31 2009, by actual inspection or on the basis of certificates / confirmations received from the Custodian
appointed by the Company, as the case may be. As at March 31, 2009, none of the Company's assets involve reversion or life
interests;
2. The Company is not a trustee of any trust; and
3. No part of the assets of the Policyholders' Funds has been directly or indirectly applied in contravention to the provisions of the
Insurance Act, 1938, relating to the application and investments of the Policyholders' Funds.
This certificate is issued to comply with Schedule C of the Insurance Regulatory and Development Authority (Preparation of Financial
Statements and Auditor's Report of Insurance Companies) Regulations 2002, ('the Accounting Regulations') read with Regulation 3 of
the Accounting Regulations and may not be suitable for any other purpose.
Dalal & Shah B S R & Co.

Anish Amin Juzer Miyajiwala

Partner Partner
Membership No. 40451 Membership No. 47483

9
Revenue Account for the year ended 31st March 2009

Policyholders' Account (Technical Account)
Particulars Schedule Current Year Participating
Individual Individual
Assurance Pension
PREMIUMS EARNED - Net

(a) Premium 1 106,245,213 4,263,688 65,407
(b) Reinsurance ceded (Refer Schedule 16 Note 16) (234,503) (53,483) (845)
(c) Reinsurance accepted - - -
SUB-TOTAL 106,010,710 4,210,205 64,562
INCOME FROM INVESTMENTS
(a) Interest, Dividend & Rent - Gross 4,128,837 845,525 25,677
(b) Profit on sale / redemption of investments 4,592,135 116,436 -
(c) (Loss on sale / redemption of investments) (21,740,082) (66,671) -
(d) Transfer/Gain on revaluation/ change in fair value (19,189,517) - -
(e) Other investment income 1,059,927 - -
(31,148,700) 895,290 25,677
OTHER INCOME 131,087 43,291 470
Contribution from the Shareholders' account 1,639,081 - -
(Refer Schedule 16 Note 15)
SUB-TOTAL (29,378,532) 938,581 26,147
TOTAL (A) 76,632,178 5,148,786 90,709
COMMISSION 2 10,515,493 538,635 1,272
OPERATING EXPENSES RELATED TO INSURANCE BUSINESS 3 18,757,915 628,190 6,033
Provision for doubtful debts - - -
Bad Debts written off - - -
Provision for Fringe Benefit Tax 86,455 3,050 30
Provision for Income Tax 71,283 16,354 -
Provisions (other than taxation)
(a) For diminution in the value of investments (net) - - -
(b) Others - - -
TOTAL (B) 29,431,146 1,186,229 7,335
BENEFIT PAID (Net) 4 7,565,134 518,834 16,261
Interim Bonuses Paid 474 474 -
Change in valuation of liability in respect of life policies
in force (Refer Schedule 16 Note 1 (e) and Note 8 )
(a) Gross 7,369,161 3,362,143 66,526
(b) Fund Reserve (Refer Schedule 16 Note 1(e)) 31,111,301 - -
(c) Amount ceded in Re-insurance - - -
(d) Amount accepted in Re-insurance - - -
TOTAL (C) 46,046,070 3,881,451 82,787
SURPLUS/ (DEFICIT ) (D) = (A) - (B) - (C) 1,154,962 81,106 587
Balance of previous year 949,408 877,422 2,392
APPROPRIATIONS
Reserve for lapsed unit linked policies unlikely to be revived 990,835 - -
(Refer Schedule 16 Note 1(e) and Note 8)
Transfer to Shareholders' account (41,548) (40,429) (1,119)
Balance being funds for future appropriations 1,071,987 918,099 1,860
DETAILS OF TOTAL SURPLUS
Interim Bonuses Paid (a) 474 474 -
Allocation of Bonus to policyholders (b) 373,927 363,860 10,067
Surplus shown in the Revenue Account (c) 1,154,962 81,106 587
Total Surplus [ (a)+ (b)+ (c) ] 1,529,363 445,440 10,654
10
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED Revenue Account for the year ended 31st March 2009 Annual Report 2008-2009
(Amount in Rs. '000)
Non Participating Linked
Individual Individual Individual Group Individual Individual Group Group

Assurance Health Annuity Assurance Assurance Pension Superannuation Gratuity
78,313 272,059 35,389 1,666,325 94,917,173 3,534,249 132,804 1,279,806

(13,484) (25,322) - (18,792) (122,465) (112) - -
- - - - - - - -
64,829 246,737 35,389 1,647,533 94,794,708 3,534,137 132,804 1,279,806
20,612 9,723 8,191 39,940 2,913,604 122,076 19,596 123,893

- 278 - 460 4,157,469 221,804 13,066 82,622
- - - - (20,386,152) (1,062,260) (30,753) (194,246)
- - - - (18,420,903) (820,989) 7,158 45,217
- - - - 991,625 43,591 3,378 21,333
20,612 10,001 8,191 40,400 (30,744,357) (1,495,778) 12,445 78,819
198 225 599 52 83,418 2,729 60 45
- - - - 1,290,084 348,191 - 806
20,810 10,226 8,790 40,452 (29,370,855) (1,144,858) 12,505 79,670

85,639 256,963 44,179 1,687,985 65,423,853 2,389,279 145,309 1,359,476
17,311 42,263 177 195,906 9,495,789 224,140 - -
18,414 47,937 630 102,835 17,272,691 657,100 2,311 21,774
- - - - - - - -
- - - - - - - -
85 89 3 514 79,386 3,183 11 104
- 13,485 - - 41,444 - - -
- - - - - - - -
- - - - - - - -
35,810 103,774 810 299,255 26,889,310 884,423 2,322 21,878
19,111 16,563 5,438 471,157 5,550,567 161,829 81,440 723,934
- - - - - - - -
21,927 72,519 39,032 907,577 2,773,075 119,120 1,695 5,547

- - - - 29,220,066 1,223,907 59,211 608,117
- - - - - - - -
- - - - - - - -
41,038 89,082 44,470 1,378,734 37,543,708 1,504,856 142,346 1,337,598
8,791 64,107 (1,101) 9,996 990,835 - 641 -
35,173 30,612 3,809 - - - - -
- - - - 990,835 - - -
- - - - - - - -
43,964 94,719 2,708 9,996 - - 641 -
- - - - - - - -
- - - - - - - -
8,791 64,107 (1,101) 9,996 990,835 - 641 -
8,791 64,107 (1,101) 9,996 990,835 - 641 -
11

Particulars Schedule Previous Year Participating
Individual Individual
Assurance Pension
PREMIUMS EARNED - Net

(a) Premium 1 97,253,110 3,431,785 65,575
(b) Reinsurance ceded (Refer Schedule 16 Note 16) (132,718) (33,189) (585)
(c) Reinsurance accepted - - -
SUB-TOTAL 97,120,392 3,398,596 64,990
(a) Interest, Dividend & Rent - Gross 1,958,552 532,794 19,315
(b) Profit on sale / redemption of investments 9,000,892 136,390 -
(c) (Loss on sale / redemption of investments) (1,552,580) (24,332) (44)
(d) Transfer/Gain on revaluation/ change in fair value (3,008,441) - -
(e) Other investment income 603,495 - -
7,001,918 644,852 19,271
OTHER INCOME 117,643 32,258 389
Contribution from the Shareholders' account 2,951,827 - -
SUB-TOTAL 10,071,388 677,110 19,660
TOTAL (A) 107,191,780 4,075,706 84,650
COMMISSION 2 14,968,622 297,591 1,280
OPERATING EXPENSES RELATED TO INSURANCE BUSINESS 3 20,043,360 660,996 9,559
Provision for doubtful debts - - -
Bad Debts written off - - -
Provision for Fringe Benefit Tax 93,313 3,082 45
Provision for Income Tax - - -
Provisions (other than taxation)
(a) For diminution in the value of investments (net) - - -
(b) Others - - -
TOTAL (B) 35,105,295 961,669 10,884
BENEFIT PAID (Net) 4 8,514,005 318,654 2,258
Interim Bonuses Paid 2,728 2,728 -
Change in valuation of liability in respect of life policies
in force (Refer Schedule 16 Note 1 (e) and Note 8 )
(a) Gross 3,916,140 2,462,954 72,401
(b) Fund Reserve (Refer Schedule 16 Note 1(e)) 57,673,296 - -
(c) Amount ceded in Re-insurance - - -
(d) Amount accepted in Re-insurance - - -
TOTAL (C) 70,106,169 2,784,336 74,659
SURPLUS/ (DEFICIT ) (D) = (A) - (B) - (C) 1,980,316 329,701 (893)
Balance of previous year 670,923 585,104 4,383
Transitional Adjustments on revision to Valuation of employees benefit (67,505) (5,705) (70)
APPROPRIATIONS
Reserve for lapsed unit linked policies unlikely to be revived (1,601,620) - -
(Refer Schedule 16 Note 1(e) and Note 8)
Transfer to Shareholders' account (32,706) (31,678) (1,028)
Balance being funds for future appropriations 949,408 877,422 2,392
DETAILS OF TOTAL SURPLUS
Interim Bonuses Paid (a) 2,728 2,728 -
Allocation of Bonus to policyholders (b) 294,355 285,105 9,250
Surplus shown in the Revenue Account (c) 1,980,316 329,701 (893)
Total Surplus [ (a)+ (b)+ (c) ] 2,277,399 617,534 8,357
12
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED Revenue Account for the year ended 31st March 2009 Annual Report 2008-2009
Non Participating Linked
Individual Individual Individual Group Individual Individual Group Group

Assurance Health Annuity Assurance Assurance Pension Superannuation Gratuity
36,589 115,838 16,729 491,576 88,217,832 3,262,864 220,891 1,393,431

(2,505) (17,346) - (16,019) (63,026) (48) - -
- - - - - - - -
34,084 98,492 16,729 475,557 88,154,806 3,262,816 220,891 1,393,431
15,283 1,220 4,307 22,978 1,273,737 47,849 6,368 34,701

116 - - 583 8,265,445 533,232 9,883 55,243
(52) - (46) (114) (1,441,220) (79,330) (1,137) (6,305)
- - - - (2,661,741) (309,353) (5,667) (31,680)
- - - - 569,556 27,662 953 5,324
15,347 1,220 4,261 23,447 6,005,777 220,060 10,400 57,283
152 112 2 58 81,850 2,623 26 173
- - - 11,257 2,539,007 365,506 4,391 31,666
15,499 1,332 4,263 34,762 8,626,634 588,189 14,817 89,122

49,583 99,824 20,992 510,319 96,781,440 3,851,005 235,708 1,482,553
2,520 25,812 160 13,431 14,464,765 163,063 - -
8,118 21,999 455 13,310 18,684,689 598,873 5,982 39,379
- - - - - - - -
- - - - - - - -
38 58 2 62 87,025 2,789 28 184
- - - - - - - -
- - - - - - - -
- - - - - - - -
10,676 47,869 617 26,803 33,236,479 764,725 6,010 39,563
19,070 7,245 4,468 390,430 7,259,390 465,314 2,766 44,410
- - - - - - - -
24,284 25,302 19,114 116,486 1,137,626 53,873 - 4,100

- - - - 53,486,426 2,565,532 226,920 1,394,418
- - - - - - - -
- - - - - - - -
43,354 32,547 23,582 506,916 61,883,442 3,084,719 229,686 1,442,928
(4,447) 19,408 (3,207) (23,400) 1,661,519 1,561 12 62
39,757 11,204 7,019 23,456 - - - -
(137) - (3) (56) (59,899) (1,561) (12) (62)
- - - - (1,601,620) - - -
- - - - - - - -
35,173 30,612 3,809 - - - - -
- - - - - - - -
- - - - - - - -
(4,447) 19,408 (3,207) (23,400) 1,661,519 1,561 12 62
(4,447) 19,408 (3,207) (23,400) 1,661,519 1,561 12 62
13

Notes to Financial Statements 16

As required by Section 40-B of the Insurance Act, 1938, we certify that all expenses of Management in respect of Life Insurance
business transacted in India by the Company have been fully debited to the Policyholders’ Revenue Account as expenses.
The accompanying notes and schedules form an integral part of the financial statements.
As per our report of even date attached
For Dalal & Shah For B S R & Co For Bajaj Allianz Life Insurance Company Limited
Anish Amin Juzer Miyajiwala Rahul Bajaj Kamesh Goyal Niraj Bajaj
Partner Partner Chairman Alternate Director and Director
Membership No. 40451 Membership No. 47483 Chief Executive Officer
Sanjiv Bajaj S. H. Khan Ranjit Gupta



Head - Legal &
Compliance

14
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED Profit & Loss Account for the year ended 31st March 2009 Annual Report 2008-2009
Form A- PL
Profit & Loss account for the year ended 31st March 2009
Shareholders' Account (Non Technical Account)
Particulars Current Current Previous Previous

Year Year Year Year
Amounts transferred from the 41,548 32,706

(a) Interest, Dividends & Rent - Gross 846,251 764,027
(b) Profit on sale / redemption of investments 79,971 53,980
(c) (Loss on sale / redemption of investments) (19,473) (22,971)
(d) Transfer/Gain on revaluation / change in fair value - -
OTHER INCOME - -
TOTAL(A) 906,749 795,036
Expenses other than those directly related to the
insurance business (Refer Schedule 16 Note 11) 15,943 14,740
Provisions (Other than Taxation) - -
Contribution to the Policyholders' Fund
Participating
Individual Assurance - -
Individual Pension - -
Non Participating
Individual Health - -
Individual Annuity - -
Group Assurance - 11,257
Linked
Individual Assurance 1,290,084 2,539,007
Individual Pension 348,191 365,506
Group Superannuation - 4,391
Group Gratuity 806 1,639,081 31,666 2,951,827
TOTAL(B) 1,655,024 2,966,567
PROFIT / (LOSS) before Tax (706,727) (2,138,825)
Provision for Taxation including Wealth Tax 85 80
PROFIT / (LOSS) after Tax (706,812) (2,138,905)
Balance at the beginning of the year (4,899,034) (2,760,129)
PROFIT/(LOSS) CARRIED FORWARD TO BALANCE SHEET (5,605,846) (4,899,034)
Earning Per Share (Basic & Diluted) (Refer Schedule 16 Note 18) (4.69) (14.22)
Notes to Financial statements 16

The accompanying notes and schedules form an integral part of the financial statements. As per our report of even date attached
Head - Legal &
Compliance
15
rd
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED IRDA Registration No. 116 dated 3 August, 2001
Form A- BS
Balance Sheet as at 31st March 2009

Particulars Schedule Current Current Previous Previous
Year Year Year Year
SOURCES OF FUNDS
SHAREHOLDERS' FUNDS
Share Capital 5 1,507,090 1,507,090
Reserves and Surplus 6 10,599,550 10,599,550
Credit/(Debit) Fair Value Change Account - 102
SUB TOTAL 12,106,640 12,106,742
BORROWINGS 7 - -
POLICYHOLDERS' FUNDS
Credit/(Debit) Fair Value Change Account 7,014 99,460
Policy Liabilities (Refer Schedule 16 Note 8)
Participating
Non Participating
Individual Assurance 191,904 169,977
Individual Health 106,164 33,645
Individual Annuity 101,389 62,357
Group Assurance 1,222,238 314,661
Linked
Group Superannuation 1,695 -
Group Gratuity 9,647 17,998,207 4,100 10,629,046
Insurance Reserves - -
Provision For Linked Liabilities
Linked Liabilities 159,828,323 109,527,505
Fair value change (19,175,325) 140,652,998 14,192 109,541,697
SUB TOTAL 158,658,219 120,270,203

FUNDS FOR FUTURE APPROPRIATIONS
Participating
Non Participating
Group Assurance 9,996 -
Linked
Individual Pension - -
Group Superannuation 641 -
Group Gratuity - -
1,071,987 949,408
Reserve for Lapsed unit linked policies unlikely to be revived 3,951,268 5,023,255 2,960,433 3,909,841
TOTAL 175,788,114 136,286,786
16
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED Balance Sheet as at 31st March 2009 Annual Report 2008-2009
Form A- BS
Balance Sheet as at 31st March 2009

Particulars Schedule Current Current Previous Previous
Year Year Year Year
APPLICATION OF FUNDS
INVESTMENTS
Shareholders' 8 7,695,214 11,458,855
Policyholders' 8A
Participating
Non Participating
Group Assurance 1,240,846 314,840
Linked
Group Superannuation 2,439 2,244
Group Gratuity 18,611 4,880
23,217,148 14,686,968
ASSETS HELD TO COVER LINKED LIABILITIES 8B 140,652,998 109,541,697
LOANS 9 76,970 30,937
FIXED ASSETS 10
Gross Block 2,402,401 1,644,267
Less : Accumulated Depreciation 1,182,816 734,645
Net Block 10 1,219,585 909,622
Capital work in progress 424,832 181,056
1,644,417 1,090,678
CURRENT ASSETS
Cash and bank balances 11 3,552,963 3,730,894
Advances and other Assets 12 1,828,423 1,367,906
Sub-Total(A) 5,381,386 5,098,800
LESS: CURRENT LIABILITIES AND PROVISIONS
Current liabilities 13 8,052,356 10,244,719
Provisions 14 433,509 275,464
Sub-Total(B) 8,485,865 10,520,183
NET CURRENT ASSETS (C) = (A-B) (3,104,479) (5,421,383)
MISCELLANEOUS EXPENDITURE 15 - -
(To the extent not written off or adjusted )
DEBIT BALANCE IN PROFIT & LOSS ACCOUNT 5,605,846 4,899,034
(Shareholders' account )
Total 175,788,114 136,286,786
Notes to Financial statements 16

The accompanying notes and schedules form an integral part of the financial statements.
Head - Legal &
Compliance
17
18
Schedules forming part of financial statements for the ended 31st March 2009
Schedule - 1 : Premium (Net of Service Tax)

Particulars Current Year Participating Non Participating Linked
Individual Individual Individual Individual Individual Group Individual Individual Group Super- Group
Assurance Pension Assurance Health Annuity Assurance Assurance Pension annuation Gratuity
First Year Premium 40,123,867 1,072,543 2,672 46,294 246,106 - 1,443,233 34,386,253 1,545,927 132,804 1,248,035
Renewal Premium 61,330,909 3,191,083 62,735 20,671 25,953 - 137,137 56,330,272 1,531,287 - 31,771
Single Premium 4,790,437 62 - 11,348 - 35,389 85,955 4,200,648 457,035 - -
Total Premium 106,245,213 4,263,688 65,407 78,313 272,059 35,389 1,666,325 94,917,173 3,534,249 132,804 1,279,806
Premium Income from
Business written:
In India 106,245,213 4,263,688 65,407 78,313 272,059 35,389 1,666,325 94,917,173 3,534,249 132,804 1,279,806
Outside India - - - - - - - - - - -
Total Premium 106,245,213 4,263,688 65,407 78,313 272,059 35,389 1,666,325 94,917,173 3,534,249 132,804 1,279,806

Particulars Previous Year Participating Non Participating Linked
First Year Premium 59,198,105 483,699 1,684 11,557 111,379 - 194,422 55,015,353 1,780,822 220,891 1,378,298
Renewal Premium 30,508,296 2,948,086 63,891 10,924 4,459 - 211,909 26,551,653 702,241 - 15,133
Single Premium 7,546,709 - - 14,108 - 16,729 85,245 6,650,826 779,801 - -
Total Premium 97,253,110 3,431,785 65,575 36,589 115,838 16,729 491,576 88,217,832 3,262,864 220,891 1,393,431
Premium Income from
Business written:
In India 97,253,110 3,431,785 65,575 36,589 115,838 16,729 491,576 88,217,832 3,262,864 220,891 1,393,431
Outside India - - - - - - - - - - -
Total Premium 97,253,110 3,431,785 65,575 36,589 115,838 16,729 491,576 88,217,832 3,262,864 220,891 1,393,431
Schedules forming part of financial statements for the ended 31st March 2009
Schedule - 2 : Commissions
Commission Paid
Direct - First year premium 8,298,587 379,703 208 16,343 45,308 - 196,043 7,472,893 188,089 - -
- Renewal Premium 2,200,641 162,812 1,126 1,020 1,173 - - 2,006,124 28,386 - -
- Single Premium 55,548 702 - 734 443 177 - 45,803 7,689 - -
Add: Commission on Reinsurance
Accepted - - - - - - - - - - -
Less: Commission on Reinsurance
Ceded (39,283) (4,582) (62) (786) (4,661) - (137) (29,031) (24) - -
Net Commission 10,515,493 538,635 1,272 17,311 42,263 177 195,906 9,495,789 224,140 - -
Breakup of commission expenses ( Gross) incurred to procure business is furnished below (*)
Agents 4,676,728
Brokers 45,348
Corporate Agency 4,765,200
Referral 1,067,500
Total 10,554,776
Note : Commission on First Year premium includes referral fees amounting to Rs. 1,067,500 (Previous year Rs. 912,366)
* Information across line of business has not been disclosed as information is not readily available. (Amount in Rs. '000)
Commission Paid
Direct - First year premium 13,719,996 151,758 175 2,234 29,870 - 13,431 13,379,701 142,827 - -
- Renewal Premium 1,179,721 146,559 1,107 531 186 - - 1,014,481 16,857 - -
-Single Premium 88,925 - - - - 160 - 85,386 3,379 - -
Add: Commission on Reinsurance
Accepted - - - - - - - - - - -
Less: Commission on Reinsurance
Ceded (20,020) (726) (2) (245) (4,244) - - (14,803) - - -
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED Schedules forming part of financial statements for the year ended 31st March 2009
Net Commission 14,968,622 297,591 1,280 2,520 25,812 160 13,431 14,464,765 163,063 - -
Breakup of commission expenses ( Gross) incurred to procure business is furnished below (*)
Agents 7,108,957
Brokers 33,228
Corporate Agency 6,934,091
Referral 912,366
Total 14,988,642
19
Note : Commission on First Year premium includes referral fees amounting to Rs. 912,366 (Previous year Rs. 622,502)
Annual Report 2008-2009
* Information across line of business has not been disclosed as information is not readily available.
Schedule - 3 : Operating Expenses Related To Insurance Business
20
Employees' remuneration, welfare
benefits and other manpower
costs (*) 7,684,408 271,107 2,661 7,542 7,887 257 45,700 7,056,125 282,890 963 9,276
Travel, conveyance and vehicle
running expenses 260,635 9,195 90 256 268 9 1,550 239,324 9,595 33 315
Training expenses 350,199 12,355 121 344 359 12 2,083 321,566 12,892 44 423
Rents, rates and taxes
- Service tax borne by Unit linked
policy holders' 1,517,770 - - - - - - 1,504,229 12,495 143 903
- Service Tax unutilised credits
provision/(write back) (1,429,809) (50,444) (495) (1,403) (1,468) (48) (8,503) (1,312,907) (52,636) (179) (1,726)
- Service Tax Expenses 1,488,181 71,770 704 1,997 2,088 68 12,098 1,324,051 72,694 255 2,456
- Rents & Rates 458,897 16,190 159 450 471 15 2,729 421,378 16,894 57 554
Repairs 107,098 3,778 37 105 110 4 637 98,342 3,943 13 129
Printing and stationery 240,168 8,473 83 236 247 8 1,428 220,532 8,841 30 290
Communication expenses 2,148,093 75,785 744 2,108 2,205 72 12,775 1,972,463 79,079 269 2,593
Legal and professional charges 55,826 1,385 14 39 16,613 1 233 36,044 1,445 5 47
Medical fees 49,946 1,762 17 49 51 2 297 45,863 1,839 6 60
Auditors' fees, expenses, etc.
a) as auditor 4,500 158 2 4 5 - 27 4,132 166 1 5

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 300 12 - - - - 2 275 11 - -
d) out of pocket expenses 480 17 - - - - 3 441 18 - 1
Advertisement and publicity 647,778 22,853 224 636 665 22 3,852 594,816 23,847 82 781
Interest and bank charges 219,123 7,731 76 215 225 7 1,303 201,208 8,067 27 264
Others
a) Information technology
expenses 557,559 19,671 193 547 572 19 3,316 511,972 20,526 70 673
b) Insurance, water and
electricity charges 239,675 8,456 83 235 246 8 1,425 220,080 8,823 30 289
c) Policy stamps 154,509 5,451 53 152 159 5 919 141,876 5,688 19 187
d) Security and housekeeping 220,880 7,793 76 217 227 7 1,314 202,820 8,131 28 267
e) Marketing expenses and
Business development expenses 3,059,177 110,246 962 4,009 16,290 132 15,536 2,804,250 104,280 322 3,150
f) Miscellaneous expenses 269,884 8,477 72 232 252 15 1,419 248,181 10,909 35 292
Depreciation (Refer Schedule 10) 452,638 15,969 157 444 465 15 2,692 415,630 16,663 58 545
Total 18,757,915 628,190 6,033 18,414 47,937 630 102,835 17,272,691 657,100 2,311 21,774
* includes outsourced personal cost of Rs. 5,52,248/-
Schedule - 3 : Operating Expenses Related To Insurance Business
Employees' remuneration, welfare
benefits and other manpower
costs (*) 6,898,081 227,776 3,295 2,798 4,323 156 4,586 6,433,344 206,177 2,061 13,565
Travel, conveyance and vehicle
running expenses 421,873 13,930 201 171 264 10 280 393,452 12,609 126 830
Training expenses 511,314 16,884 244 207 320 12 340 476,866 15,283 153 1,005
Rents, rates and taxes
- Service tax borne by Unit linked
policy holders' - - - - - - - - - - -
- Service Tax unutilised credits
provision/(write back) 1,905,454 62,925 903 774 1,204 51 1,255 1,777,088 56,949 569 3,736
- Service Tax Expenses 4,052 134 2 2 2 - 3 3,779 121 1 8
- Rents & Rates 332,482 10,972 166 133 199 - 233 310,073 9,941 100 665
Repairs 132,613 4,379 63 54 83 3 88 123,678 3,964 40 261
Printing and stationery 345,943 11,423 165 140 217 8 230 322,637 10,340 103 680
Communication expenses 3,872,974 127,880 1,857 1,569 2,418 80 2,587 3,612,035 115,763 1,157 7,628
Legal and professional charges 38,977 975 14 12 9,473 1 20 27,533 882 9 58
Medical fees 73,850 2,439 35 30 46 2 49 68,875 2,207 22 145
Auditors' fees, expenses,etc.
a) as auditor 2,500 81 1 1 2 - 2 2,332 75 1 5
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 - - - - - - - - - - -
d) out of pocket expenses 105 5 - - - - - 97 3 - -
Advertisement and publicity 368,309 12,162 176 149 231 8 245 343,496 11,008 110 724
Interest and bank charges 199,879 6,600 95 81 125 5 133 186,413 5,974 60 393
Others
a) Information technology
expenses 532,772 17,592 254 216 334 12 354 496,879 15,924 159 1,048
b) Insurance, water and
electricity charges 161,336 5,327 77 65 101 4 107 150,468 4,822 48 317

c) Policy stamps 146,830 4,848 70 60 92 3 98 136,937 4,389 44 289
d) Security and housekeeping 148,006 4,887 71 60 93 3 98 138,035 4,424 44 291
e) Marketing expenses and
Business development expenses 3,298,178 108,896 1,587 1,335 2,053 63 2,212 3,075,957 98,585 986 6,504
f) Miscellaneous expenses 421,382 13,404 175 169 277 29 239 393,521 12,665 121 782
Depreciation (Refer Schedule 10) 226,450 7,477 108 92 142 5 151 211,194 6,768 68 445
Total 20,043,360 660,996 9,559 8,118 21,999 455 13,310 18,684,689 598,873 5,982 39,379
21
* includes outsourced personal cost of Rs. 5,56,534/-

Schedule - 4 : Benefits paid (net)
22
Insurance Claims :
a) Claims by Death 2,272,059 98,941 1,476 14,115 16,288 687 472,657 1,646,438 21,457 - -
b) Claims by Maturity 387,301 374,275 11,012 2,014 - - - - - - -
c) Annuities/Pensions payment 4,747 - - - - 4,747 - - - - -
d) UL Withdrawals/Surrenders &
Other Benefits 4,992,212 68,006 4,032 3,157 16,353 4 - 3,954,914 140,372 81,440 723,934
(Amount ceded in reinsurance):
a) Claims by Death (72,535) (12,077) (144) (175) (7,854) - (1,500) (50,785) - - -
b) Claims by Maturity - - - - - - - - - - -
c) Annuities/Pensions payment - - - - - - - - - - -
Other Benefits (18,650) (10,311) (115) - (8,224) - - - - - -
Amount accepted in reinsurance
a) Claims by Death - - - - - - - - - - -
Other Benefits - - - - - - - - - - -
Total 7,565,134 518,834 16,261 19,111 16,563 5,438 471,157 5,550,567 161,829 81,440 723,934
Benefits paid to claimants:
In India 7,565,134 518,834 16,261 19,111 16,563 5,438 471,157 5,550,567 161,829 81,440 723,934
Outside India - - - - - - - - - - -
Total 7,565,134 518,834 16,261 19,111 16,563 5,438 471,157 5,550,567 161,829 81,440 723,934

Insurance Claims :
a) Claims by Death 1,333,944 85,118 1,161 17,466 5,056 1,511 391,349 804,955 27,328 - -
b) Claims by Maturity 217,039 215,720 - 1,316 - 3 - - - - -
c) Annuities/Pensions payment 2,954 - - - - 2,954 - - - - -
Other Benefits 6,997,173 41,012 1,624 588 5,633 - - 6,463,154 437,986 2,766 44,410
(Amount ceded in reinsurance):
a) Claims by Death (32,441) (19,514) (527) (300) (2,463) - (919) (8,718) - - -
Other Benefits (4,664) (3,682) - - (981) - - (1) - - -
Amount accepted in reinsurance
a) Claims by Death - - - - - - - - - - -
Other Benefits - - - - - - - - - - -
Total 8,514,005 318,654 2,258 19,070 7,245 4,468 390,430 7,259,390 465,314 2,766 44,410
In India 8,514,005 318,654 2,258 19,070 7,245 4,468 390,430 7,259,390 465,314 2,766 44,410
Outside India - - - - - - - - - - -
Total 8,514,005 318,654 2,258 19,070 7,245 4,468 390,430 7,259,390 465,314 2,766 44,410
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED Schedules forming part of financial statements for the year ended 31st March 2009 Annual Report 2008-2009
Schedule - 5 :
Share Capital

Particulars Current Year Previous Year
Authorised Capital
200,000,000 Equity Shares of Rs. 10/- Each 2,000,000 2,000,000
Issued , Subscribed, Called and Paid up Capital 1,507,090 1,507,090

Equity Shares of Rs. 10/- Each
150,709,000 (Previous Year 150,709,000) Equity Shares of Rs.10/- Each
Less : Preliminary Expenses (to the extent not written off) - -
Total 1,507,090 1,507,090
Schedule - 5A :
Pattern of Shareholding (As Certified by Management)

Shareholder Current Year Previous Year
Number of % of Number of % of
Shares Holding Shares Holding
PROMOTERS:
Indian
Bajaj Auto Limited - - 111,358,900 73.89
Bajaj Finserv Limited 111,524,660 74 165,760 0.11
Foreign
Allianz SE 39,184,340 26 39,184,340 26
TOTAL 150,709,000 100 150,709,000 100
Note : Share certificates in respect of 111,358,900 shares allotted to the erstwhile Bajaj Auto Limited were transferred to Bajaj Finserv
Limited on 23rd May 2008 under a scheme of arrangement approved by the High Court of the Judicature at Mumbai and by the
Insurance Regulatory and Development Authority (IRDA).
23
Schedule - 6 :
Reserves and Surplus

Particulars Current Year Current Year Previous Year Previous Year
Capital Reserve - -
Capital Redemption Reserve - -
Share Premium
Opening balance 10,599,550 5,501,600
Add: Share Premium received during the year - 10,599,550 5,097,950 10,599,550
Revaluation Reseve - -
General Reserve - -
Catastrophe Reserve - -
Other Reserve - -
Balance of Profit & Loss Account - -
Total 10,599,550 10,599,550
Schedule - 7 :
Borrowings

Debentures/Bonds - -
Banks - -
Financial Institutions - -
Others - -
TOTAL - -
24
Schedule - 8 :
Investments - Shareholders'

LONG TERM INVESTMENTS

Government securities and Government 2,600,831 4,549,343
guaranteed bonds including Treasury Bills
(Refer Note 1 below)
Other Approved Securities
a) Shares
aa) Equity - -
bb) Preference - -
b) Mutual Funds - -
c) Derivative Instruments - -
d) Debentures / Bonds 925,800 1,123,342
e) Other Securities
aa) Fixed Deposit with banks 318,900 -
f) Subsidiaries - -
Investment Properties - Real Estate - -
Investments in Infrastructure and Social Sector Bonds 1,239,767 1,505,834
Other investments 50,000 100,000
SHORT TERM INVESTMENTS

Government securities and Government 50,049 283,509
a) Shares
aa) Equity - -
bb) Preference - -
b) Mutual Funds - -
d) Debentures / Bonds 1,850,234 2,024,033
e) Other Securities
aa) Fixed Deposit with banks 100,000 1,079,900
f) Subsidiaries - -
Investments in Infrastructure and Social Sector Bonds 559,633 346,395
Other investments
aa) Bonds - 54,397
bb) Mutual Funds - 392,102
Total 7,695,214 11,458,855
INVESTMENTS
In India 7,695,214 11,458,855
Outside India - -
Total 7,695,214 11,458,855
Notes :
1. Includes Rs. 157,300 (Previous Year Rs. 103,333 ) deposited with Deutsche Bank AG, pursuant to Section 7 of the Insurance Act
1938 (Refer Schedule 16 Note 6 )
2. Market Value of the above total investments of Rs. 7,695,214 (Previous Year Rs. 11,458,855) is Rs. 7,812,635 (Previous Year Rs.
11,367,648 )
3. Historical cost of investment valued on fair value basis is Rs. Nil (Previous Year Rs. 392,000)
25
Schedule - 8A : Investments - Policyholders'
26
Government securities and 14,423,229 9,115,686 234,081 197,634 62,725 92,139 368,055 4,285,238 61,821 1,739 4,111
Government guaranteed bonds
including Treasury Bills
a) Shares
aa) Equity 47,601 47,601 - - - - - - - - -
bb) Preference - - - - - - - - - - -
b) Mutual funds - - - - - - - - - - -
c) Derivative Instruments - - - - - - - - - - -
d) Debentures / Bonds 2,459,826 1,251,272 10,000 766 - 745 268,439 850,061 72,343 200 6,000
e) Other Securities
aa) Fixed Deposits with Banks 802,500 - - - - - 49,900 554,100 190,000 - 8,500
f) Subsidiaries - - - - - - - - - - -
g) Investment Properties -
Real Estate - - - - - - - - - - -
Investments in Infrastructure &
Social Sector Bonds 2,918,821 1,667,852 110,467 38,107 82,403 11,727 157,203 850,562 - 500 -
Other investments
- Bonds - - - - - - - - - - -
- Equity - - - - - - - - - - -

Government securities and 234,780 12,151 - 2,465 1,477 - 71,397 147,290 - - -
a) Shares
aa) Equity - - - - - - - - - - -
bb) Preference - - - - - - - - - - -
b) Mutual Funds - - - - - - - - - - -
d) Debentures / Bonds 1,374,532 - - - 23,864 - 273,763 1,076,905 - - -
e) Other Securities 250,000 - - - - - - 250,000 - - -
f) Subsidiaries - - - - - - - - - - -
Real Estate - - - - - - - - - - -
Social Sector Bonds 705,859 149,941 - - 30,868 - 52,089 459,456 13,505 - -
Other investments - - - - - - - - - - -
TOTAL 23,217,148 12,244,503 354,548 238,972 201,337 104,611 1,240,846 8,473,612 337,669 2,439 18,611
In India 23,217,148 12,244,503 354,548 238,972 201,337 104,611 1,240,846 8,473,612 337,669 2,439 18,611
Outside India - - - - - - - - - - -
Total 23,217,148 12,244,503 354,548 238,972 201,337 104,611 1,240,846 8,473,612 337,669 2,439 18,611
Note: 1. Market Value of the above total investments of Rs. 23,217,148 (Previous year Rs. 14,686,968) is Rs. 24,022,333 (Previous year Rs. 14,500,505)
2. Historical cost of investment valued on fair value basis is Rs 40,587 (Previous year Rs.629,918)
Schedule - 8A : Investments - Policyholders'
Government securities and 8,591,975 5,189,707 201,241 166,798 19,511 54,120 142,141 2,742,281 70,066 1,731 4,379
a) Shares
aa) Equity 612,830 612,830 - - - - - - - - -
bb) Preference - - - - - - - - - - -
b) Mutual funds - - - - - - - - - - -
d) Debentures / Bonds 1,987,142 1,252,312 10,000 772 - 745 61,440 656,873 5,000 - -
e) Other Securities
aa) Fixed Deposits with Banks - - - - - - - - - - -
f) Subsidiaries - - - - - - - - - - -
Real Estate 244,943 244,943 - - - - - - - - -
Social Sector Bonds 2,133,134 1,237,579 76,574 38,102 45,000 11,721 32,916 691,242 - - -
Other investments
- Bonds 100,000 100,000 - - - - - - - - -
- Equity 116,548 116,548 - - - - - - - - -
Government securities and 539,523 43,947 - - - - 49,651 445,511 - 313 101
a) Shares
aa) Equity - - - - - - - - - - -
bb) Preference - - - - - - - - - - -
b) Mutual Funds - - - - - - - - - - -
d) Debentures / Bonds 100,344 50,344 - - - - - 50,000 - - -
e) Other Securities 50,000 - - - - - - 50,000 - - -
f) Subsidiaries - - - - - - - - - - -
Real Estate - - - - - - - - - - -

Social Sector Bonds 210,529 126,169 - - - - 28,692 55,068 - 200 400
Other investments - - - - - - - - - - -
TOTAL 14,686,968 8,974,379 287,815 205,672 64,511 66,586 314,840 4,690,975 75,066 2,244 4,880
In India 14,686,968 8,974,379 287,815 205,672 64,511 66,586 314,840 4,690,975 75,066 2,244 4,880
Outside India - - - - - - - - - - -
Total 14,686,968 8,974,379 287,815 205,672 64,511 66,586 314,840 4,690,975 75,066 2,244 4,880
Notes:
27
1. Market Value of the above total investments of Rs. 14,686,968 (Previous year Rs. 9,050,758) is Rs. 14,500,505 (Previous year Rs. 8,751,312).
2. Historical cost of investment valued on fair value basis is Rs 629,918 (Previous year Rs. 582,404).
Schedule - 8B :
Assets held to cover linked liabilities


Government securities and Government 1,149,907 685,714
a) Shares
aa) Equity 84,253,598 68,712,146
bb) Preference 308,280 -
b) Mutual Funds - -
e) Other Securities - -
aa) Fixed Deposits with Banks 2,046,000 -
f) Subsidiaries - -
Investments in Housing and Infrastructure Sector 8,574,100 4,254,556
Other investments 15,840,217 12,464,060
Net Current Assets - -
Government securities and Government 337,067 220,783
a) Shares
aa) Equity - -
bb) Preference - -
b) Mutual Funds 946,100 -
c) Derivative Instrument - -
e) Other Securities - -
f) Subsidiaries - -
Investments in Housing and Infrastructure Sector 598,173 126,869
Other investments - 1,091,843
Fixed Deposits with Banks 1,949,028 1,699,800
Net Current Assets 5,245,976 6,875,757
Total 140,652,998 109,541,697
INVESTMENTS
In India 140,652,998 109,541,697
Outside India - -
Total 140,652,998 109,541,697

Historical Cost of above investments is Rs 159,828,323/- ( Previous Year Rs. 109,527,505/-)
28
Schedule - 9 :
Loans

SECURITY-WISE CLASSIFICATION
Secured
a) On mortgage of property
aa) In India - -
bb) Outside India - -
b) On Shares, Bonds, Government Securities etc. - -
c) Loan against policies 76,970 30,937
Total 76,970 30,937
BORROWER-WISE CLASSIFICATION
a) Central and State Government - -
b) Bank and Financial Institutions - -
c) Subsidiaries - -
d) Companies - -
e) Loan against policies 76,970 30,937
Total 76,970 30,937
PERFORMANCE-WISE CLASSIFICATION
a) Loans classified as standard :
aa) In India 76,970 30,937
bb) Outside India - -
Total 76,970 30,937
MATURITY-WISE CLASSIFICATION
a) Short-Term - -
b) Long-Term 76,970 30,937
Total 76,970 30,937
29
30
Schedule - 10 : Fixed Assets
GROSS BLOCK DEPRECIATION NET BLOCK
Particulars Opening Additions Deductions Closing Upto last For the On Sales/ To date Current Previous
year year Adjustments Year Year
Intangible -Computer Software 66,353 - - 66,353 37,269 13,824 - 51,093 15,260 29,084
Land-Freehold - - - - - - - - - -
Leasehold Properties 322,122 146,147 - 468,269 177,215 92,329 - 269,544 198,725 144,907
Buildings (Refer note 2 below) 186,602 244,943 - 431,545 16,257 8,631 - 24,888 406,657 170,345
Electrical Fittings 4,722 104 - 4,826 1,852 270 - 2,122 2,704 2,870
Furniture & Fittings 82,339 40,606 34 122,911 36,343 7,361 29 43,675 79,236 45,996
Information Technology Equipment 764,177 263,586 4,783 1,022,980 368,126 292,486 2,888 657,724 365,256 396,051
Air Conditioner 87,912 30,661 59 118,514 25,514 12,400 59 37,855 80,659 62,398
Vehicles 12,980 2,312 1,077 14,215 3,186 2,770 967 4,989 9,226 9,794
Office Equipment 117,060 36,255 527 152,788 68,883 22,567 524 90,926 61,862 48,177
Total 1,644,267 764,614 6,480 2,402,401 734,645 452,638 4,467 1,182,816 1,219,585 909,622
Previous Year 1,043,272 603,061 2,066 1,644,267 510,127 226,450 1,932 734,645 909,622 -
Note: 1. Refer Note No.1 (h) of Schedule 16
2. Addition of Rs. 244,943, represents Building transferred from Investments Policyholders' account.
Schedule - 11 :
Cash and Bank Balances

1. Cash (including cheques, drafts and stamps) (*) 442,494 744,183

2. Bank Balances
a) Deposit Accounts
aa) Short-term (due within 12 months of the date of Balance Sheet ) 200 200
bb) Others - -
b) Current Accounts 3,110,269 2,986,511
c) Others - -
3. Money at Call and Short Notice
a) With Banks - -
b) With Other Institutions - -
4. Others - -
Total 3,552,963 3,730,894
Balances with non-scheduled banks included in 2 and 3 above
Cash and Bank Balances
1. In India 3,552,963 3,730,894
2. Outside India - -
Total 3,552,963 3,730,894
(*) includes credit card collections
31
Schedule - 12 :
Advances and Other Assets

ADVANCES
Reserve deposits with ceding companies - -
Application money for investments - -
Prepayments 132,292 129,358
Advances to Directors/Officers - -
Advance Tax paid and taxes deducted at source 6,774 1,066
Others :
Travel Advances 500 1,768
Employee Advances 2,977 4,108
Advances to Suppliers 308,105 129,756
Miscellaneous Advances - -
Total (A) 450,648 266,056
OTHER ASSETS
Income accrued on investments 697,418 550,108
Outstanding Premiums 268,465 233,726
Agents' Balances - -
Foreign Agencies Balance - -
Due from other entities carrying on insurance business 21,567 3,779
(Including amount due from Reinsurers)
Due from subsidiaries/holding company - -
Deposit with Reserve Bank of India - -
[pursuant to section 7 of Insurance Act,1938]
Deposits 207,009 169,540
Others :
Unsettled Investment contract receivable - -
Others 183,316 144,697
Total (B) 1,377,775 1,101,850
Total (A + B) 1,828,423 1,367,906
32
Schedule - 13 :
Current Liabilities

Agents' Balances 2,707,151 1,774,831

Balances due to other insurance companies 70,312 18,869
Deposits held on reinsurance ceded - -
Premium received in advance 211,051 170,855
Premium & Other Deposits 903,774 1,739,853
Sundry Creditors (*) 3,110,997 5,910,554
Due to Subsidiaries/holding company - 1,211
Claims Outstanding 253,700 218,655
Annuities Due - -
Due to Officers/Directors of the Company - -
Others :
Payable - unsettled investment contracts - -
Temporary Overdraft as per the books of accounts 795,371 409,891
TOTAL 8,052,356 10,244,719
(*) The Company is in the process of compiling the requisite list of micro and small enterprises under the MSMED Act which has
come into force recently and in the absence of information in this regard, the particulars required by the aforesaid Act have not
been given.
Schedule - 14 : Provisions

Particulars Current Year Current Year Previous Year Previous Year
For Taxation (Less Payments and Taxes deducted at Sources)
Wealth Tax 85 80
Income Tax 71,283 -
Fringe Benefit Tax 5,200 76,568 4,310 4,390
For Proposed dividends - -
For dividend distribution tax - -
Others:
For Leave Encashment 263,775 214,100
For Long Term Incentive Plan 38,710 56,974
For Gratuity 54,456 356,941 - 271,074
Total 433,509 275,464
Schedule - 15 : Miscellaneous Expenditure (To the extent not written-off or adjusted)

Discount allowed on issue of shares/debentures - -

Others - -
Total - -
33
Annexure to Revenue Account-Break Up of Unit Linked Business (UL) for the year ended 31st March 2009

Particulars Schedule Linked Life

Non-Unit Unit Total
(1) (2) (3)=(1) + (2)
PREMIUMS EARNED – NET

(a) Premium 17,911,923 77,005,250 94,917,173
(b) Reinsurance ceded (Refer Schedule 16 Note 16) (122,465) - (122,465)
SUB-TOTAL 17,789,458 77,005,250 94,794,708

(a) Interest, dividend & rent - gross 617,168 2,296,436 2,913,604
(b) Profit on sale/redemption of investments 27,748 4,129,721 4,157,469
(c) Loss on sale/redemption of investments (167) (20,385,985) (20,386,152)
(d) Unrealised gain/(loss) - (18,420,903) (18,420,903)
(e) Other investment income - 991,625 991,625
644,749 (31,389,106) (30,744,357)
OTHER INCOME:
(a) Linked income UL1 10,506,735 (10,506,735) -
(b) Contribution from Shareholders' account 1,290,084 - 1,290,084
(c) Others 83,418 - 83,418
Total (A) 30,314,444 35,109,409 65,423,853
COMMISSION 9,495,789 - 9,495,789

OPERATING EXPENSES RELATED TO INSURANCE BUSINESS 15,768,462 1,504,229 17,272,691
Provision for Fringe Benefit Tax 79,386 - 79,386
Provision for Income Tax 41,444 - 41,444
TOTAL (B) 25,385,081 1,504,229 26,889,310
BENEFITS PAID (NET) UL2 1,165,453 4,385,114 5,550,567

Interim Bonus Paid - - -
Change In Valuation of Liability In Respect Of Life Policies 2,773,075 - 2,773,075
(Refer Schedule 16 Note 1(e) and note 8)
Change In Valuation Liability - 29,220,066 29,220,066
TOTAL (C) 3,938,528 33,605,180 37,543,708
Surplus / (Deficit) (D) =(A)-(B)-(C) 990,835 - 990,835

Balance of previous year (E) - - -
APPROPRIATIONS
Reserve for lapsed unit linked policies unlikely to be revived (E) 990,835 - 990,835
Transfer To Shareholders' a/c - - -
Balance being funds for future appropriations (D) - (E) - - -
34

Linked Pension Linked Group Current Year
Non-Unit Unit Total Non-Unit Unit Total
(4) (5) (6)=(4) + (5) (7) (8) (9)= (7) + (8) (10)=(3)+ (6)+(9)
457,015 3,077,234 3,534,249 6,278 1,406,332 1,412,610 99,864,032

(112) - (112) - - - (122,577)
456,903 3,077,234 3,534,137 6,278 1,406,332 1,412,610 99,741,455
15,492 106,584 122,076 1,404 142,085 143,489 3,179,169

173 221,631 221,804 96 95,592 95,688 4,474,961
- (1,062,260) (1,062,260) (3) (224,996) (224,999) (21,673,411)
- (820,989) (820,989) - 52,375 52,375 (19,189,517)
- 43,591 43,591 - 24,711 24,711 1,059,927
15,665 (1,511,443) (1,495,778) 1,497 89,767 91,264 (32,148,871)
167,560 (167,560) - 22,351 (22,351) - -

348,191 - 348,191 806 - 806 1,639,081
2,729 - 2,729 105 - 105 86,252
991,048 1,398,231 2,389,279 31,037 1,473,748 1,504,785 69,317,917
224,140 - 224,140 - - - 9,719,929

644,605 12,495 657,100 23,039 1,046 24,085 17,953,876
3,183 - 3,183 115 - 115 82,684
- - - - - - 41,444
871,928 12,495 884,423 23,154 1,046 24,200 27,797,933
- 161,829 161,829 - 805,374 805,374 6,517,770

- - - - - - -
119,120 - 119,120 7,242 - 7,242 2,899,437
- 1,223,907 1,223,907 - 667,328 667,328 31,111,301
119,120 1,385,736 1,504,856 7,242 1,472,702 1,479,944 40,528,508
- - - 641 - 641 991,476

- - - - - - -
- - - - - - 990,835
- - - - - - -
- - - 641 - 641 641
35

Particulars Schedule Linked Life

Non-Unit Unit Total
(1) (2) (3)=(1) + (2)
PREMIUMS EARNED – NET

(a) Premium 28,370,793 59,847,039 88,217,832
(b) Reinsurance ceded (Refer Schedule 16 Note 16) (63,026) - (63,026)
SUB-TOTAL 28,307,767 59,847,039 88,154,806

(a) Interest, dividend & rent - gross 286,715 987,022 1,273,737
(b) Profit on sale/redemption of investments 4,526 8,260,919 8,265,445
(c) Loss on sale/redemption of investments (5,308) (1,435,912) (1,441,220)
(d) Unrealised gain/(loss) - (2,661,741) (2,661,741)
(e) Other investment income - 569,556 569,556
285,933 5,719,844 6,005,777
OTHER INCOME:
(a) Linked income UL1 5,350,476 (5,350,476) -
(b) Contribution from Shareholders' account 2,539,007 - 2,539,007
(c) Others 81,850 - 81,850
Total (A) 36,565,033 60,216,407 96,781,440
COMMISSION 14,464,765 - 14,464,765

OPERATING EXPENSES RELATED TO INSURANCE BUSINESS 18,684,689 - 18,684,689
Provision For Taxation 87,025 - 87,025
TOTAL (B) 33,236,479 - 33,236,479
BENEFITS PAID (NET) UL2 529,409 6,729,981 7,259,390

Interim Bonuses Paid - - -
Change In Valuation of Liability In Respect Of Life Policies 1,137,626 - 1,137,626
(Refer Schedule 16 Note 1 (e) and Note 8 )
Change In Valuation Liability
(Refer Schedule 16 Note 1 (e) and Note 8 ) - 53,486,426 53,486,426
TOTAL (C) 1,667,035 60,216,407 61,883,442
Surplus / (Deficit) (D) =(A)-(B)-(C) 1,661,519 - 1,661,519

Balance of previous year - - -
Transitional Adjustments on revision to Valuation of employees benefit (59,899) - (59,899)
APPROPRIATIONS
Reserve for lapsed unit linked policies unlikely to be revived (1,601,620) - (1,601,620)
Transfer To Shareholders' a/c - - -
Balance being funds for future appropriations - - -
36
Linked Pension Linked Group Previous Year

Non-Unit Unit Total Non-Unit Unit Total
(4) (5) (6)=(4) + (5) (7) (8) (9)= (7) + (8) (10)=(3)+ (6)+(9)
365,760 2,897,104 3,262,864 5,406 1,608,916 1,614,322 93,095,018

(48) - (48) - - - (63,074)
365,712 2,897,104 3,262,816 5,406 1,608,916 1,614,322 93,031,944
3,920 43,929 47,849 300 40,769 41,069 1,362,655

21 533,211 533,232 - 65,126 65,126 8,863,803
- (79,330) (79,330) (9) (7,433) (7,442) (1,527,992)
- (309,353) (309,353) - (37,347) (37,347) (3,008,441)
- 27,662 27,662 - 6,277 6,277 603,495
3,941 216,119 220,060 291 67,392 67,683 6,293,520
82,377 (82,377) - 7,848 (7,848) - -

365,506 - 365,506 36,057 - 36,057 2,940,570
2,623 - 2,623 199 - 199 84,672
820,159 3,030,846 3,851,005 49,801 1,668,460 1,718,261 102,350,706
163,063 - 163,063 - - - 14,627,828

598,873 - 598,873 45,361 - 45,361 19,328,923
2,789 - 2,789 212 - 212 90,026
764,725 - 764,725 45,573 - 45,573 34,046,777
- 465,314 465,314 54 47,122 47,176 7,771,880

- - - - - - -
53,873 - 53,873 4,100 - 4,100 1,195,599
- 2,565,532 2,565,532 - 1,621,338 1,621,338 57,673,296
53,873 3,030,846 3,084,719 4,154 1,668,460 1,672,614 66,640,775
1,561 - 1,561 74 - 74 1,663,154

- - - - - - -
(1,561) - (1,561) (74) - (74) (61,534)
- - - - - - (1,601,620)
- - - - - - -
- - - - - - -
37
Schedule - UL1 : Linked Income

(recovered from linked funds) (net of service tax)

Particulars Life Linked Pension Linked Linked Group Current
Unit Unit Unit Year
(1) (2) (3) (4)= (1)+(2)+(3)
Fund Administration charges 190,419 - - 190,419

Fund Management charges 1,531,339 68,913 22,351 1,622,603
Policy Administration charges 4,898,781 86,174 - 4,984,955
Surrender charges - - - -
Switching charges 2,787 432 - 3,219
Mortality charges 3,387,828 11,111 - 3,398,939
Rider Premium charges 495,581 930 - 496,511
Partial withdrawal charges - - - -
Miscellaneous charges - - - -
TOTAL (UL-1) 10,506,735 167,560 22,351 10,696,646
Schedule - UL1 : Linked Income

(recovered from linked funds) (net of service tax)

Particulars Life Linked Pension Linked Linked Group Previous
Unit Unit Unit Year
(1) (2) (3) (4)= (1)+(2)+(3)
Fund Administration charges 214,789 - - 214,789

Fund Management charges 1,080,521 48,528 7,848 1,136,897
Policy Administration charges 2,094,442 29,255 - 2,123,697
Surrender charges - - - -
Switching charges 8,063 597 - 8,660
Mortality charges 1,632,240 3,401 - 1,635,641
Rider Premium charges 320,421 596 - 321,017
Partial withdrawal charges - - - -
Miscellaneous charges - - - -
TOTAL (UL-1) 5,350,476 82,377 7,848 5,440,701
38
Schedule - UL2 : Benefits Paid (net)
Linked Life Linked Pension Linked Group Current Year
Sl. No. Particulars Non-Unit Unit Total Non-Unit Unit Total Non Unit Unit Total
(1) (2) (3)=(1)+(2) (4) (5) (6)=(4)+(5) (7) (8) (9)=(7)+(8) (10)=(3)+(6)+(9)
1 Insurance Claims
(a) Claims by Death 1,216,238 430,200 1,646,438 - 21,457 21,457 - - - 1,667,895
(b) Claims by Maturity - - - - - - - - - -
(c) Annuities / Pension payment - - - - - - - - - -
(d) Other benefits
- Surrender - 3,954,914 3,954,914 - 140,372 140,372 - 805,374 805,374 4,900,660
- Survival - - - - - - - - - -
Sub Total (A) 1,216,238 4,385,114 5,601,352 - 161,829 161,829 - 805,374 805,374 6,568,555
2 Amount Ceded in reinsurance
(a) Claims by Death (50,785) - (50,785) - - - - - - (50,785)
(d) Other benefits
- Surrender - - - - - - - - - -
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED
- Survival - - - - - - - - - -
Sub Total (B) (50,785) - (50,785) - - - - - - (50,785)
TOTAL (A) - (B) 1,165,453 4,385,114 5,550,567 - 161,829 161,829 - 805,374 805,374 6,517,770
In India 1,165,453 4,385,114 5,550,567 - 161,829 161,829 - 805,374 805,374 6,517,770
Outside India - - - - - - - - - -
TOTAL (UL2) 1,165,453 4,385,114 5,550,567 - 161,829 161,829 - 805,374 805,374 6,517,770
Linked Life Linked Pension Linked Group Previous Year
Sl. No. Particulars Non-Unit Unit Total Non-Unit Unit Total Non Unit Unit Total
(1) (2) (3)=(1)+(2) (4) (5) (6)=(4)+(5) (7) (8) (9)=(7)+(8) (10)=(3)+(6)+(9)
1 Insurance Claims
(a) Claims by Death 538,128 266,827 804,955 - 27,328 27,328 - - - 832,283
(d) Other benefits
- Surrender - 6,463,154 6,463,154 - 437,986 437,986 54 47,122 47,176 6,948,316
- Survival - - - - - - - - - -
Sub Total (A) 538,128 6,729,981 7,268,109 - 465,314 465,314 54 47,122 47,176 7,780,599
2 Amount Ceded in reinsurance
(a) Claims by Death (8,718) - (8,718) - - - - - - (8,718)
(d) Other benefits
- Surrender (1) - (1) - - - - - - (1)
- Survival - - - - - - - - - -
Sub Total (B) (8,719) - (8,719) - - - - - - (8,719)
TOTAL (A) - (B) 529,409 6,729,981 7,259,390 - 465,314 465,314 54 47,122 47,176 7,771,880
In India 529,409 6,729,981 7,259,390 - 465,314 465,314 54 47,122 47,176 7,771,880
39
Outside India - - - - - - - - - -
TOTAL (UL2) 529,409 6,729,981 7,259,390 - 465,314 465,314 54 47,122 47,176 7,771,880
rd
Schedules forming part of financial statements for the year ended 31st March 2009 (continued)
Schedule - 16 : Notes to financial statements
Background Commission received on reinsurance ceded is recognized as

income in the period in which reinsurance premium is ceded.
Bajaj Allianz Life Insurance Company Limited (“the
Company”) was incorporated on 12th March 2001 as a Income earned on investments
Company under the Companies Act, 1956. The Company
Interest income is recognised on an accrual basis.
obtained a license from the Insurance Regulatory and
Development Authority (“IRDA”) for carrying on the business Dividend income is recognized when the right to receive
of life insurance on 3rd August 2001. The registration dividend is established.
certificate granted by IRDA is valid and the same has been
Premium or discount on acquisition, as the case may be, in
renewed for the year 2009- 2010. The Company has a wide
respect of fixed income securities, pertaining to non-linked
range of products in traditional and unit-linked insurance
investments is amortized on constant yield to maturity basis
business.
over the period of maturity/holding and offset against
1. Significant Accounting Policies followed by the interest income.
Company
Profit/loss on sale/redemption of securities other than linked
Basis of Preparation investments is recognized on trade/redemption date and
includes effects of accumulated fair value changes, as
The accompanying financial statements have been prepared
applicable and previously recognised, for specific
and presented under the historical cost convention, on the
investments sold/redeemed during the year. Cost of security
accrual basis of accounting, in compliance with the
is determined on first in first out cost basis.
accounting standards ('AS') issued by the Institute of
Chartered Accountants of India ('ICAI'), to the extent The realized gains or losses on the debt securities for other
applicable, and in accordance with the provisions of the than linked business is the difference between the net sale
Insurance Act, 1938, the Insurance Regulatory and consideration and the amortized cost in the books of the
Development Authority (Preparation of Financial Statements Company as on date of sale.
and Auditor's Report of Insurance Companies) Regulations,
The realized gains or loss on equity shares and mutual fund
2002 ('the Regulations'), Insurance Regulatory and
units for other than linked business is the difference between
Development Authority Act, 1999, various circulars issued by
the net sale consideration and the cost in the books of the
IRDA and the Companies Act, 1956 to the extent applicable
Company.
and the practices prevailing in the insurance industry in India.
The accounting policies have been consistently applied by the The realized gain or loss on securities held for linked business
Company. is the difference between the net sale consideration and the
weighted average cost as on the date of sale.
Use of Estimates
Fund Management Charges, Fund Administration Charges
The preparation of financial statements in conformity with
and Cost of Insurance are accounted for on accrual basis in
generally accepted accounting principles requires
accordance with terms and conditions described in the issued
management to make estimates and assumptions that affect
policies.
the reported amounts of assets, liabilities, revenue and
expenses and disclosure of contingent liabilities as on the date Rent income earned from real estate is recognized on an
of financial statements. The estimates and assumptions used accrual basis.
in the accompanying financial statements are based upon
b) Reinsurance premium
management's evaluation of the relevant facts and
circumstances as of the date of the financial statements. Reinsurance premium ceded is accounted in accordance with
Actual results could differ from those estimates. Any revision the treaty with reinsurers.
to accounting estimates is recognized prospectively in
c) Benefits Paid (Including Claims)
current and future periods.
Death and surrender claims are accounted for on receipt of
a) Revenue Recognition
intimation. Maturity claims are accounted when due for
Revenues are recognised as under. However recognition is payment. Reinsurance recoveries are accounted for in the
postponed where ultimate collectibility lacks reasonable same period as the related claims and netted off against the
certainty. claim expense incurred.
Premium Income Repudiated claims disputed before judicial authorities are
provided for based on the best judgment of the management
Premium is recognised as income when due. For linked
considering the facts and evidence in respect of each such
business, premium is recognized when the associated units
claim.
are allotted.
Withdrawals under unit linked policies are accounted in
Premium on lapsed policies is recognized as income when
respective schemes when the associated units are cancelled.
such policies are reinstated.
d) Acquisition Costs
In case of linked business, top up premiums paid by
policyholders are unitized and considered as single premium. Acquisition costs such as commission, policy issue expenses
This premium is recognised when associated units are etc. are costs that vary with and are primarily relatable to the
allotted.
40
acquisition of new and renewal insurance contracts. Such equity shares is the lower of the last quoted closing price
costs are expensed in the year in which they are incurred. on the National Stock Exchange (NSE) and The Stock
Accounting for additional first year commission is done on an Exchange, Mumbai (BSE). Fair value for mutual fund units
accrual basis, after considering estimated lapsations. Claw is the net asset value on the Balance Sheet date.
back in future, if any, for the first year commission paid, will be Unrealized gains/losses on changes in fair values of listed
accounted for in the year in which it is recovered. equity shares and mutual funds are taken to the Fair Value
Change Account and carried forward in the Balance
e) Liability for life policies
Sheet.
(i) The Company provides for liabilities in respect of all “in
Investment in real estate properties is valued at cost,
force” policies and “lapsed policies” that are likely to be
subject to revaluation once in three years.
revived in future, based on actuarial valuation done by the
Appointed Actuary as per gross premium method in iii) Valuation – linked business
accordance with accepted actuarial practices,
Listed equity shares are valued at fair value, being the last
requirements of IRDA and Actuarial Society of India.
quoted closing price on the NSE. In case the equity shares
(ii) Liabilities in respect of unit linked policies which have are not listed on the NSE, then they are valued on the last
lapsed and are not likely to be revived, are shown as a quoted closing price on BSE.
separate item under the head “funds for future
Government securities are valued at prices obtained from
appropriations”, until expiry of the revival period. This is
Credit Rating Information Services of India Ltd. (CRISIL).
as per IRDA Circular No. 041/IRDA/ACTL/MAR-2006
dated 29th March 2006. Corporate bonds and debentures are valued on the basis
of CRISIL Bond Valuer.
(iii) Linked liabilities comprise of unit liability representing the
fund value of policies and non-unit liability for meeting Treasury bills, certificate of deposits and commercial
insurance claims etc. This is based on an actuarial papers are valued at cost plus accretion at constant yield
valuation carried out by the Appointed Actuary. to maturity.
Actuarial policies and assumptions are given in Note 8 below. Mutual fund units have been valued at the last available
Net Asset Value declared by the respective mutual fund.
f) Investments
iv) Transfer of investments
Investments are made in accordance with the Insurance Act,
1938, the Insurance Regulatory and Development Authority Transfer of investments from Shareholders' Fund to the
(Investment) Regulations, 2000, as amended and circulars / Policyholders' Fund is at book value or market price;
notifications issued by IRDA from time to time. whichever is lower.
Investments are recorded on trade date at cost, which Transfer of debt securities is at lower of amortised cost or
includes brokerage and related taxes, if any and excludes pre- market price.
acquisition interest, if any.
Inter fund transfer of Treasury Bills, Certificate of Deposits
i) Classification and Commercial Papers between unit linked funds is done
at cost plus accretion. All other transfer of investments
Investments maturing within twelve months from the
between unit linked funds is done at market price.
Balance Sheet date and investments made with the
specific intention to dispose of within twelve months from g) Loans
Balance Sheet date are classified as short-term.
Loans are stated at historical cost, subject to provision for
Investments other than short term are classified as long-
impairment, if any.
term investments.
h) Fixed Assets and Depreciation
Investments are specifically procured and held for
policyholders and shareholders independently and the Fixed assets are stated at cost of acquisition less accumulated
income relating to these investments is recognized in the depreciation. Cost of acquisition includes incidental expenses
Revenue Account and Profit and Loss Account relating to acquisition and installation. In respect of liabilities
respectively. incurred in acquisition of fixed assets in foreign exchange, the
net gain or loss arising on conversion/settlement is charged to
ii) Valuation – Shareholders' investments and non-linked
Revenue Account.
policyholders' investments
Intangible assets comprising software are stated at cost less
All debt securities are considered as 'held to maturity' and
amortization.
accordingly stated at historical cost adjusted for
amortization of premium or accretion of discount on Depreciation / amortisation is provided on Straight Line
constant yield to maturity basis over the period held to Method (SLM) with reference to the management's
maturity / sale. assessment of the estimated useful life of the assets or the
rates specified by the Schedule XIV of the Companies Act,
Listed equity shares and mutual fund units are stated at
1956, whichever is higher.
fair value, in accordance with IRDA Investment
(Amendment) Regulations 2001. Fair value for listed
41
Depreciation / amortisation is provided at the following rates: The Company's liability towards Gratuity, Leave Encashment
and Long Term Incentive Plan being defined benefit plans is
Asset Class Rate of Rate of accounted for on the basis of independent actuarial
Depreciation / Depreciation valuations carried out at the year end and actuarial gains /
amortisation as per Sch. losses related there to are charged to the Revenue Account.
XIV (SLM) The actuarial method used for measuring the aforesaid
Intangibles - liabilities is 'Projected Unit Credit Method'.
Computer Software 33.33% p.a. 16.21% p.a. k) Transactions in Foreign Currency
Leasehold Improvements Over the Over the
Transactions in foreign currency on account of revenue
balance balance
expenditure are accounted for at the rate prevailing at the
period of Lease period of Lease
date of the transactions. Current assets and liabilities are
Buildings 2.00% p.a. 1.63% p.a. translated at the year-end closing rates. The resulting
Electrical Fittings 6.33% p.a. 4.75% p.a. exchange gain or loss, if any, is reflected in the profit and loss
Furniture & Fittings 6.33% p.a. 6.33% p.a. account / revenue account.
Information Technology l) Taxation
Equipment 33.33% p.a. 16.21% p.a. Income Tax expense comprises current tax (i.e. amount of tax
Air Conditioner 10.00% p.a. 4.75% p.a. for the period determined in accordance with the income-tax
Vehicles 20.00% p.a. 7.07% p.a. law including Fringe Benefit Tax) and deferred tax charge or
credit (reflecting the tax effects of timing differences
Office Equipment 25.00% p.a. 4.75% p.a.
between the accounting income and taxable income for the
period).
The Company provides pro rata depreciation from the month
in which the asset is acquired / first put to use and upto the Deferred tax is measured based on the tax rates and the tax
month in which the asset is sold/discarded. laws enacted or substantively enacted at the balance sheet
date. Deferred tax assets are recognised only to the extent
Assets costing individually less than Rs 5,000 are charged off that there is reasonable certainty that sufficient future taxable
as revenue expenses. Assets costing Rs 5,000 and above, income will be available against which such deferred tax
upto Rs 20,000, are fully depreciated in the year of acquisition. assets can be realised. In situations where the Company has
Impairment of Assets unabsorbed depreciation or carry forward tax losses, all
deferred tax assets are recognised only if there is virtual
The Company assesses at each Balance Sheet date whether certainty supported by convincing evidence that they can be
there is any indication that an asset may be impaired. If any realised against future taxable profits.
such indication exists, the Company estimates the
recoverable amount of the asset. An impairment loss is At each balance sheet date the Company re-assesses
recognized if such recoverable amount of the asset is less than unrecognised deferred tax assets. It recognises unrecognised
its carrying amount. After impairment, depreciation is deferred tax assets to the extent that it has become
provided on the revised carrying amount of the assets over its reasonably certain or virtually certain, as the case may be that
remaining useful life. sufficient future taxable income will be available against
which such deferred tax assets can be realised.
i) Accounting for leases
m) Provisions and Contingent liabilities
Operating leases
The Company creates a provision when there is present
Leases where the lessor effectively retains substantially all the obligation as a result of a past event that probably requires an
risks and benefits of ownership over the leased term are outflow of resources and a reliable estimate can be made of
classified as operating leases. Operating lease rentals are the amount of the obligation. A disclosure for a contingent
recognized as an expense in the profit and loss liability is made when there is a possible obligation or a
account/revenue account on a straight-line basis over the present obligation that may, but probably will not, require an
lease term. outflow of resources. When there is a possible obligation or a
j) Employee Benefits: present obligation in respect of which the likelihood of
outflow of resources is remote, no provision or disclosure is
The Company makes contributions to the defined made.
contribution schemes such as Statutory Provident Fund,
Employee Labour Welfare Fund, Employees' State Insurance n) Service Tax
Corporation and Employee Deposit Link Insurance Scheme at Service Tax liability on premium and charges are setoff against
the prescribed rates. Contributions are charged to the available service tax credits from service tax payments made
Revenue Account of the year when the contributions to the for Insurance Auxiliary and other eligible services. Unutilised
funds are due. credits, if any, are carried forward under "Advances and other
The Company makes a contribution to the Bajaj Auto Assets" for adjustments / setoff in subsequent periods, after
Employee Superannuation Scheme, a defined contribution creating a provision based on estimated realization of the
scheme, for its eligible employees at fixed rates. unutilised credit. Such provisions are subsequently reversed
42
only on virtual certainty that the credits will be utilized in Section 7 of the Insurance Act, 1938 as discussed under
future periods. Note 6. There are no assets subject to restructuring.
o) Earnings per share 4. There are no commitments made and outstanding for
loans and investments. The commitments made and
Basic earnings per share is calculated by dividing the net profit
outstanding for fixed assets amount to Rs.314,895
or loss for the year attributed to equity shareholders by the
thousand (Previous Year Rs. 342,754 thousand) (net of
weighted number of equity shares outstanding during the
advances).
year.
5. Value of unsettled contracts relating to investments as at
For the purpose of calculating diluted earnings per share, the
31st March 2009 for:
net profit or loss for the year attributable to equity
shareholders and the equity weighted number of shares (Rupees '000)
outstanding during the year are adjusted for effects of all Particulars Linked Non-linked
dilutive equity shares. st
Business
st
Business
31 March 31 March 31 March 31st March
st
p) Segment Reporting 2009 2008 2009 2008

Purchases where
The Company's reportable segments are business segments deliveries are pending 2,745,424 1,120,876 NIL NIL
which have been identified in accordance with the Sales where receipts are
regulations. The operating expenses, investments and other overdue 919,539 163,959 NIL NIL
income attributable to the business segments are allocated as
mentioned in Note 10. Segment revenues and results have 6. Investments as required to be maintained under Section 7
been disclosed in the Financial Statements itself. Segment of the Insurance Act, 1938 are as follows:
assets and liabilities have been identified to the extent
possible in the following table. There are no reportable (Rupees '000)
geographical segments since the company provides services Particulars st
31 March 31st March
to customers in the Indian market only and does not 2009 2008
distinguish any reportable regions within India.
7.55% Govt. of India - 50,724
Statutory disclosures as required by the Regulations Securities 2010
(Face Value Rs. 50,000)
2. Contingent Liabilities
11.99% Govt. of India - 52,609
(Rupees '000) Securities 2009
(Face Value Rs. 50,000)
Particulars As at 31st As at 31st
March 2009 March 2008 8.32% Govt. of India 157,300 -
Securities 2032*
Partly-paid up investments Nil Nil (Face Value Rs. 150,000)
Underwriting commitments
outstanding Nil Nil * This investment is in the custody of Deutsche Bank India
Claims, other than those Branches in the Constituent Subsidiary General Ledger
under policies, not ('CSGL') account.
acknowledged as debts 1,606 1,070 All investments are performing investments.
Guarantees given by or
7. Managerial remuneration
on behalf of the company Nil Nil
Statutory demands/ The details of the managerial remuneration included in
liabilities in dispute, not employee remuneration and welfare benefits are as follows:
provided for * 7,064 7,064 (Rupees '000)
Reinsurance obligations to st
Particulars 31 March 31st March
the extent not provided for
2009 2008
in accounts Nil Nil
Salary 14,835 8,696
Claims, under policies,
not acknowledged as debts 61,143 70,728 Perquisites 793 618
* The Service Tax department has issued an order on the The managerial remuneration is in accordance with the
Company for Rs 7,064 thousand (excluding interest), approval accorded by a resolution of the Board of Directors
pertaining to the period August 2002 to 31st December 2004. and IRDA as required under Section 34A of the Insurance
The Company has filed an appeal against the order with the Act,1938.
Customs, Excise and Service Tax Appellate Tribunal. Expenses towards gratuity and leave encashment are
3. There are no assets required to be deposited by the determined actuarially on an overall Company basis annually
Company under any local law or otherwise encumbered and accordingly have not been considered in above
in or outside India except investments to be held under information
43
*Mr. Sam Ghosh (till 30th September 2007) and Mr. Kamesh Provision has been made for the possible revival of policies,
Goyal (w.e.f. 1st October 2007) which have lapsed before the valuation date, having regard to
8. Actuarial Valuation the experience of the Company. As per IRDA circular No:
041/IRDA/ACTL/MAR-2006 dated 29th March 2006, a reserve
Liabilities for life insurance policies are determined by the for lapsed unit linked policies not likely to be revived is held as
Appointed Actuary in accordance with IRDA regulations and a separate item under the head “Funds for Future
relevant guidance notes of Institute of Actuaries of India. Appropriations”.
Non-linked business is reserved using a prospective gross The Appointed Actuary is satisfied that the nature and extent
premium method of valuation. The non-linked business is of reinsurance arrangements require no additional reserve to
predominantly participating and reserves are established be set aside. All reserves have been calculated using gross
having regard to assumptions as to future experience, exposure and gross office premiums.
including the interest that will be earned on premiums not yet
received, together with associated bonus rates. Regular The Appointed Actuary confirms, as is required by the IRDA,
premium participating business is reserved using an interest that the reserve is sufficient to provide for adverse “free look”
rate of 7.20% per annum and the corresponding rate of experience based on assumptions and experience.
interest used for last year valuation is 7.50%. 9. Claims
Single premium participating business is reserved using a rate Claims settled and remaining unpaid for a period of more than
of 6.25% per annum which is same as used in valuation as at six months at year-end amount to Rs. Nil (Previous Year: Rs
31st March 2008. The rate is determined after having regard Nil.)
to the yield being obtained on relevant matching assets.
10. Allocation of expenses
Assumptions as to future bonus rates are set to be consistent
Operating expenses relating to insurance business are
with the interest rate assumptions. Provision has been made
allocated to specific business segments as under:
for a bonus distribution in respect of business inforce at the
valuation date on a basis considered appropriate by the (a) Expenses, which are directly identifiable, are allocated on
appointed actuary having taken into account the reasonable an actual basis.
expectations of policyholders. (b) Other operating expenses, which are not directly
Linked business is reserved using the per unit net asset value identifiable are apportioned based on a combination of:
of units plus a non unit reserve to allow for costs of insurance • New Business Regular Premium;
and any expenses and commissions in excess of future
• New Business Single Premium; and
charges.
• Renewal Premium
Mortality assumptions are based on the published IALM
(1994-1996) Ultimate Mortality Table with adjustment to 11. Expenses directly attributable to shareholders are
reflect expected experience and with an allowance for charged to the Shareholders' Account.
adverse deviation. 12. Accounting Standard AS15 (Revised) Employee
Assumptions for morbidity and for the incidence of accidental Benefits
death are based on terms available from reinsurers and the i. Defined Contribution Plans
standard morbidity rate table CIBT(94-96).
The Company has recognized following amounts in the
The reserve is sufficient to allow for any adverse lapse Revenue Account for the year –
experience. The reserve has been always sufficient to meet (Rs.'000)
minimum statutory surrender value.
Sr. Particulars 31 March 31 March
Commission has been allowed for at the Company's table No. 2009 2008
rates with an allowance for service tax. Maintenance 1. Contribution to Employees
expenses have been allowed for in accordance with business Provident Fund 205,199 184,208
plan assumptions and product filing with the IRDA. An 2. Contribution to
additional reserve has been included to allow for possible Superannuation Fund 2,201 1,936
adverse deviations in experience in excess of offsetting
3. Contribution to Labour
adjustments in bonus rates and to allow for the contingency of Welfare Fund, EDLI 3,772 3,376
closure to new business as is required by guidance
4. Contribution to ESIC 25,362 18,918
notes(GN1) issued by the Institute of Actuaries of India.
There is a small amount of Group Term Business at the ii. Defined Benefit Plans / Compensated absences – as per
valuation date, reserves for which have been calculated Actuarial Valuation on March 31, 2009
having regard to the unearned gross premium and expenses a) Reconciliation of opening and closing balances of the
already incurred. present value of the Defined Benefit Obligation (DBO):
44
(Rs.'000) The above have been included under the line item
Particulars - Gratuity 31 March 2009 31 March 2008 “Employees' remuneration, welfare benefits and other
manpower costs” in Schedule 3.
Present value of Defined 88,594 64,026
Benefit Obligation at the e) Major categories of plan assets as a percentage of total
beginning of the year plan assets:
Interest cost 11,222 7,701
Current service cost 60,006 39,200
(Rs.'000)
Actuarial Losses / ( Gains) (3,717) 14,045
Benefits paid (47,227) (36,378) Particulars - Gratuity 31 March 2009 31 March 2008
Present value of Defined 108,877 88,594 Insurer Managed Funds 54,421 88,594
Benefit Obligation at the
close of the year f) Actuarial Assumptions:
(Rs.'000)
b) A reconciliation of the opening and closing balances of the
fair value of plan assets: Particulars - Gratuity 31 March 2009 31 March 2008
(Rs.'000) Discount Rate 7.11% 8.25%
Particulars - Gratuity 31 March 2009 31 March 2008 Expected rate of return on 7.50% 7.50%
Plan Assets
Fair value of Plan Assets at 88,594 37,413
the beginning of the year Salary Escalation rate -- 6% 6%
Management Staff
Add :Expected return on
Plan Assets 5,701 1,859
Add / (Less) : Actuarial (700) 3,633 g) Future salary increases considered in actuarial valuation
Gains / (Losses) take into account inflation, seniority, promotion and other
Add : Contributions 8,054 82,066 relevant factors, such as supply and demand in the
Less: Benefits Paid (47,227) (36,377) employment market.
Fair value of Plan Assets at 54,421 88,594 h) Expected rate of return on plan assets is on the basis of
the close of the year average long term rate of return expected on investments
Actual Return on Plan Assets 5,001 5,492 of the fund during the estimated term of obligation.
c) Net (Assets) /Liabilities recognized in the Balance Sheet i) Para 132 of AS 15 does not require any specific disclosures
as on March 31, 2009: except where expense resulting from Compensated
(Rs.'000) Absence is of such size, nature or incidence that its
Particulars - Gratuity 31 March 2009 31 March 2008 disclosure is relevant under Accounting Standard 5 or
Accounting Standard 18. In the opinion of management
Present value of Defined 108,877 88,594
the expense resulting from Compensated Absence is not
Benefit obligation
significant and hence no disclosures are prepared under
Less: Fair value of Plan Assets (54,421) 88,594
various paragraphs of AS15.
Present value of unfunded Nil Nil
obligation 13. Percentage of business sector-wise
Net Liability / ( Asset) 54,456 Nil Particulars Current Year Previous Year
recognized in the
Number Percentage Number Percentage
Balance sheet
of Policies of policies of Policies of policies
d) Total expenses recognized in the Revenue Account: Rural 808,387 31.21% 961,196 25.67%
(Rs.'000) Urban 1,781,556 68.79% 2,783,150 74.33%
Particulars - Gratuity 31 March 2009 31 March 2008 Current Year Previous Year
Current Service Cost 60,006 39,200 No. of No of No. of No of
Interest Cost 11,222 7,701 Lives Policies Lives Policies
Expected return on (5,701) (1,859) Social 6,145,044 20 1,608,948 21
Plan Assets
Actuarial Losses / ( Gains) (3,017) 10,412 14. Percentage of risk retained and risks reinsured
Past service costs Nil Nil (Rs.'000)
Effect of curtailment / Nil Nil Particulars Current Year Previous Year
settlement Sum at Percentage Sum at Percentage
risk risk
Adjustments for earlier years Nil Nil
Risk retained 2,217,005,893 93.64% 1,107,972,936 91.03%
Recognized in the 62,509 55,454
Risk reinsured 150,656,502 6.36% 109,237,887 8.97%
Revenue Account
45
15. During the year the shareholders transferred funds to As there were no dilutive equity shares issued, or potential
Policyholders' Account, to make good the deficit, which equity shares, no reconciliation between the denominator
existed in the Policyholders' Account and transfer to used for computation of basic and diluted earnings per share
reserve. The necessary approvals of the shareholders for is necessary.
the said transfer have been taken at the Extra Ordinary 19. Operating lease commitments
General Meeting of the shareholders held on 11th May
2009. The Company has entered into agreements in the nature
of Lease/ Leave and Licence Agreements with different
16. Reinsurance is in place on lives where cover is in excess of lessors / licensors for the purpose of establishment of
the Company's retention limit and this has been reflected office premises. These are generally in the nature of
in the Accounts. operating leases/ leave and licenses and disclosure
17. As per Accounting Standard 18 issued by the Institute of required as per Accounting Standard 19 with regard to
Chartered Accountants of India, disclosures of the above is as under:
transactions with the related parties have been set out in a
separate statement annexed to this schedule as Appendix
I. The related parties, in respect of which the disclosures
(Rupees '000)
have been made, have been identified on the basis of
Particulars 31 March 31 March
disclosures made by the key managerial persons and
taken on record by the Board of Directors. 2009 2008
Not later than one year 324,858 234,595
18. In accordance with Accounting Standard (AS 20) – on
Later than one year not later
Earnings per Share (EPS), the following table reconciles than five years 225,263 224,021
the numerator and denominator used to calculate
Later than five years 7,085 25,209
basic/diluted earnings per share.
i) There are no transactions in the nature of sub leases.

Particulars 31 March 31 March
2009 2008 ii) Payments recognized in the Revenue account for the year
Profit/(Loss) after tax (Rs.'000) (706,812) (2,138,905) ended 31st March 2009, are Rs 441,211 thousand
Basic earnings before extra- (706,812) (2,138,905) (Previous Year Rs. 311,331 thousand).
ordinary items [A] (Rs.'000) iii) The period of agreement is generally for three years and
Basic earnings after extra- (706,812) (2,138,905) renewable thereafter at the option of the lessee.
ordinary items [B] (Rs. '000)
Weighted average no. of 150,709,000 150,401,109
equity shares (par value of
Rs 10 each) [C]
Basic earnings per equity (4.69) (14.22)
share [A/C] (Rs)
Basic earnings per equity share (4.69) (14.22)
excluding extraordinary items
[B/C] (Rs)
46
20. Previous year figures have been regrouped where possible and wherever necessary to make them comparable with those of the
current year. Summary of amounts of the previous year which have been regrouped is as follows:
Particulars Reported in Previous year Difference From To Reasons Amount

Previous figures reported Schedule No. Schedule No.
year in current year
Provisions for - 56,974 56,974 13 (Current 14 (Provisions) To disclose 56,974

Long Term Liabilities) employee related
Incentive Plan provisions together
Sundry 5,964,059 5,910,554 (53,505) 13 (Current To disclose (56,974)
Creditors Liabilities) 14 (Provisions) employee related
provisions together
12 (Advances 13 (Current Grossing up 3,469
and other Liabilities) of balances
Assets) under Deposit
(53,505) (53,505)
Deposits 254,686 169,540 (85,146) 12 (Advances 11 (Cash and Reclassification of 54,368
and other Bank Balances) bank related
Assets) balance from
Deposit to current
account
12 (Advances 12 (Advances Reclassification of (142,983)
and other and other others receivables
Assets) Assets) from Deposit to
Other Assets
12 (Advances 13(Current Grossing up of 3,469
and other Liabilities) balances under
Assets) Deposit
(85,146) (85,146)
Others 1,714 144,697 142,983 12 (Advances 12 (Advances Reclassification of 142,983
and other and other others receivables
Assets) Assets) from Deposit to
Other Assets
Cash (including 798,551 744,183 (54,368) 12 (Advances 11(Cash and Reclassification of (54,368)
cheques, drafts and other Bank Balances) balance from
and stamps) Assets) Deposit to Cash
(including cheques,
drafts and stamps)
These re-groupings do not affect previously reported Surplus as per Revenue Account and Loss as per Profit and Loss Account.
47
21 : Segment Reporting
Particulars Current Year Participating Policyholders'

Total Individual Individual
Assuarance Pension
Credit/(Debit) Fair Value Change Account 7,014 7,014 -
Policy Liabilities 17,998,207 11,319,055 350,390
Provision for linked liabilities 140,652,998 - -
Funds for Future Appropriations 1,071,987 918,099 1,860
Reserve for unit linked policies not likely to be revived 3,951,268 - -
Loans 76,970 76,970 -
Investments 30,912,362 12,244,503 354,548
Assets Held to Cover Linked Liabilities 140,652,998 - -
Fixed Assets 1,644,417 - -
Cash and bank balances 3,552,963 - -
Advances & Other Assets

Outstanding Premium 268,465 248,279 5,161
Due from Other Entities carrying on Insurance business 21,567 20,795 -
Income accrued on investments 697,418 330,513 5,427
Other Assets 840,973 - -
Current Liabilities
Agents Balance 2,707,151 139,329 342
Balance due to other Insurance Companies 70,312 25,945 360
Sundry Creditors 3,110,997 17,126 383
Claims Outstanding 253,700 30,892 73
Premium received in advance 211,051 7,051 56
Premium & Other Deposits 903,774 - -
Temporary overdraft as per books of accounts 795,371 - -
Provisions 433,509 - -
48
Non - Participating Policyholders' Unit Linked Policyholders' Shareholders' Unallocated

Individual Individual Individual Group Individual Individual Group Super- Group
Assuarance Health Annuity Assurance Assuarance Pension annuation Gratuity
- - - - - - - - - -
191,904 106,164 101,389 1,222,238 4,501,717 194,008 1,695 9,647 - -
- - - - 131,658,111 6,198,277 384,503 2,412,107 - -
43,964 94,719 2,708 9,996 - - 641 - - -
- - - - 3,951,268 - - - - -
- - - - - - - - - -
238,972 201,337 104,611 1,240,846 8,473,612 337,669 2,439 18,611 7,695,214 -
- - - - 131,658,111 6,198,277 384,503 2,412,107 - -
- - - - - - - - - 1,644,417
- - - - - - - - - 3,552,963
8,045 6,880 100 - - - - - - -

772 - - - - - - - - -
3,053 3,067 1,394 14,854 144,388 10,720 25 471 183,506 -
- - - - - - - - - 840,973
4,641 12,035 45 50,282 2,442,982 57,495 - - - -

- 25,593 - 8,511 9,903 - - - - -
886 - 395 - - - - - - 3,092,207
3,545 9,746 - 39,748 168,311 1,385 - - - -
90 25 - - 200,798 3,031 - - - -
- - - - - - - - - 903,774
- - - - - - - - - 795,371
- - - - - - - - - 433,509
49
21 : Segment Reporting
Particulars Previous Year Participating Policyholders'

Total Individual Individual
Assuarance Pension
Credit/(Debit) Fair Value Change Account 99,460 99,460 -
Policy Liabilities 10,629,046 7,956,912 283,864
Provision for linked liabilities 109,541,697 - -
Funds for Future Appropriations 949,408 877,422 2,392
Reserve for unit linked policies not likely to be revived 2,960,433 - -
Loans 30,937 30,934 3
Investments 26,145,823 8,974,379 287,815
Assets Held to Cover Linked Liabilities 109,541,697 - -
Cash and bank balances 3,730,894 - -
Fixed Assets 1,090,678 - -
Advances & Other Assets

Outstanding Premium 233,726 221,989 4,833
Due from Other Entities carrying on Insurance business 3,779 2,927 -
Income accrued on investments 550,108 222,140 4,078
Other Assets 580,293 - -
Current Liabilities
Agents Balance 1,774,831 35,325 152
Balance due to other Insurance Companies 18,869 4,061 239
Sundry Creditors 5,910,554 9,708 355
Claims Outstanding 218,655 26,265 57
Premium received in advance 170,855 923 3
Premium & Other Deposits 1,739,853 - -
Payable - unsettled investment contracts 1,211 - -
Temporary overdraft as per books of accounts 409,891 - -
Provisions 275,464 - -
50
Non - Participating Policyholders' Unit Linked Policyholders' Shareholders' Unallocated

Individual Individual Individual Group Individual Individual Group Super- Group
Assuarance Health Annuity Assurance Assuarance Pension annuation Gratuity
- - - - - - - - - -
169,977 33,645 62,357 314,661 1,728,642 74,888 - 4,100 - -
- - - - 102,438,036 4,974,370 324,221 1,805,070 - -
35,173 30,612 3,809 - - - - - - -
- - - - 2,960,433 - - - - -
- - - - - - - - - -
205,672 64,511 66,586 314,840 4,690,975 75,066 2,244 4,880 11,458,855 -
- - - - 102,438,036 4,974,370 324,221 1,805,070 - -
- - - - - - - - - 3,730,894
- - - - - - - - - 1,090,678
6,904 - - - - - - - - -
772 - - - 80 - - - - -
2,707 - 714 6,569 88,938 1,661 22 32 223,247 -
- - - - - - - - - 580,293
327 3,559 19 1,590 1,714,550 19,309 - - - -

903 2,508 - - 11,139 19 - - - -
150 - - - - - - - - 5,900,341
637 89 - 21,544 169,976 87 - - - -
24 8 - - 169,897 - - - - -
- - - - - - - - - 1,739,853
- - - - - - - - - 1,211
- - - - - - - - - 409,891
- - - - - - - - - 275,464
51
rd
Schedules forming part of financial statements for the year ended 31st March 2009
22 : Summary of Financial Statements
Sr. Particulars 2008-09 2007-08 2006-07 2005-06 2004-05 2003-04

Policyholders' Account
1 Gross premium income 106,245,213 97,253,110 53,452,422 31,335,778 10,016,752 2,207,985
2 Net premium income # 106,010,710 97,120,392 53,359,827 31,282,213 9,980,307 2,192,521
3 Income from investments (Net) @ (31,148,700) 7,001,918 3,096,821 312,417 84,409 45,178
4 Other Income 1,770,168 3,069,470 1,024,594 1,375,771 504,221 413,529
5 Total income 76,632,178 107,191,780 57,481,242 32,970,401 10,568,937 2,651,229
6 Commissions (Net) 10,515,493 14,968,622 9,466,813 3,418,670 1,458,351 504,424
7 Brokerage - - - - - -
8 Operating Expenses related to insurance business 18,757,915 20,043,360 10,730,189 4,868,110 2,154,636 1,323,717
9 Provisions for tax 157,738 93,313 73,054 41,020 - -
10 Total Expenses 29,431,146 35,105,295 20,270,056 8,327,800 3,612,987 1,828,141
11 Payment to policy holders* 7,565,608 8,516,733 6,987,347 6,536,048 565,451 27,917
12 Increase in actuarial liability** 38,480,462 61,589,436 28,845,060 17,488,362 6,416,858 745,854
13 Surplus/ Deficit from operations 1,154,962 1,980,316 1,378,779 618,191 (26,359) 49,317
Shareholders’ Account
14 Total income under Shareholders’ Account 906,749 795,036 277,123 106,879 88,271 135,934
15 Profit/ (loss) before tax (706,727) (2,138,825) (717,006) (985,406) (367,515) (268,073)
16 Provisions for tax 85 80 27 36 44 57
17 Profit/ (loss) after tax (706,812) (2,138,905) (717,033) (985,442) (367,559) (268,130)
18 Profit/ loss carried to Balance Sheet (5,605,846) (4,899,034) (2,760,129) (2,043,096) (1,057,654) (690,095)
19 Miscellaneous
(A) Policyholders’ account:
Total funds (including unit linked funds) 163,681,474 124,180,044 60,626,486 30,431,495 7,736,819 1,144,717
Total investments
(including unit linked investments) 163,870,146 124,228,665 60,919,159 30,459,323 7,736,825 1,144,717
Yield on investments (%)
(excluding unit linked investments) 8.99% 8.77% 7.17% 9.80% 7.20% 9.68%
(B) Shareholders’ account:
Total funds
(net of debit balance in Profit & Loss A/C) 6,500,794 7,207,708 4,245,236 2,955,263 1,616,518 1,790,826
Total investments 7,695,214 11,458,855 6,536,500 2,780,868 1,636,972 1,407,573
Yield on investments (%) 9.26% 8.66% 7.36% 5.80% 5.60% 9.68%
20 Yield on total investments
(excluding unit linked investments) 9.08% 8.72% 7.24% 8.40% 6.30% 9.68%
21 Paid up equity capital 1,507,090 1,507,090 1,503,680 1,502,338 1,500,787 1,500,660
22 Net worth 6,500,794 7,207,708 4,245,236 2,955,263 1,616,518 1,790,826
23 Total Assets
(net of debit balance in Profit & Loss A/C) 170,182,268 131,387,754 64,871,722 33,386,758 9,353,337 2,935,543
24 Earning per share (Rs.) (4.69) (14.22) (4.77) (6.56) (2.45) (1.79)
25 Book value per share (Rs.) 43.13 47.83 28.23 19.67 10.77 11.93
Capital + Surplus/Loss divided by nos. of shares
# Net of reinsurance
@ Net of losses
* Inclusive of interim bonuses, if any
** Includes fund reserve since 2003-04
52
23 : Ratios (Expressed in number of times)
2008-09 2007-08
1 New business premium income growth (segment-wise)

(New business premium for current year divided by new business
premium for previous year)
Participating 2.22 0.51
Non Participating 4.31 1.27
Unit Linked 0.64 1.58
2 Net retention ratio 0.998 0.999
(Net premium divided by gross premium)
3 Ratio of expenses of management (**) 0.26 0.36
(Expenses of management including commission divided by
the total gross direct premium with Single Premium)
4 Ratio of expenses of management (**) 0.28 0.39
(Expenses of management including commission expenses divided by
the total gross direct premium without Single Premium)
5 Commission ratio 0.10 0.15
(Gross Commission paid to Gross premium)
6 Ratio of policy holders’ liabilities to shareholders’ funds 25.18 17.23
7 Growth rate of share holders’ funds 0.90 1.70
8 Ratio of surplus to policy holders’ liability (*) 0.01 0.02
9 Change in net worth 0.90 1.70
10 Profit after tax/ Total income 0.00 0.00
11 (Total Real Estate + Loans) / Cash & invested assets 0.004 0.002
12 Total investments / (Capital + Surplus) 26.39 18.83
13 Total affiliated investments/ (Capital + Surplus) 0.00 0.00
* Surplus including Contribution from Shareholders' account

** Excluding Service tax borne by Unit linked policy holders'
24. The Revenue Account and Balance Sheet for unit linked business has been annexed to this schedule as Appendix II. Disclosure for
ULIP Business as per Unit Linked Disclosure Norms issued vide Circular No. 054/IRDA/F & A/FEB-07 dated February 20, 2007, has
been annexed to this schedule as Appendix III.

Chairman Alternate Director and Director
Chief Executive Officer
Head - Legal &
Compliance
Place : Pune
53
Related Party Disclosures
Appendix I Refer Schedule 16 Note 17 (Amount in Rs.'000)

Sr. Related Party Relationship Current Year Previous Year
No. Amount Nature of Transaction Balance Amount Nature of Transaction Balance
Outstanding Outstanding
as at 31st as at 31st
March 2009 March 2008
Receivable/ Receivable/
(Payable) (Payable)
1 Bajaj Finserv Ltd. Holding 5,245 Deputation expenses of - - Deputation expenses of Advisor- -
Company Advisor -Investments Investments -
- Amount contributed towards - 1,658 Amount contributed towards -
capital capital
2 Bajaj Auto Ltd. Group - Deputation expenses of Advisor - - 4,722 Deputation expenses of Advisor - (1,211)
(Now known as Company Investments Investments
Bajaj Holdings 1,061 Insurance premium received - 1,546 Insurance premium received -
and Investment 682 Insurance claims paid - 744 Insurance claims paid -
Limited) - Amount contributed towards - 866 Amount contributed towards -
capital capital
3 Bajaj Auto Group 47,720 Insurance premium received - 1,751 Insurance premium received -
Finance Ltd. Company 600 Insurance claims paid - 1,853 Insurance claims paid -
4 Bajaj Allianz Group 4,450 Insurance Premium Received (32,771) 3,887 Insurance Premium Received -
General Company 5,532 Insurance Premium payment - 7,435 Insurance Premium payment -
Insurance Co. Ltd. 9,380 Reimbursement received of - 4,938 Reimbursement received of -
Revenue and Capital expenditure Revenue and Capital expenditure
42,151 Paid towards the Revenue and - 37,023 Reimbursement made of Revenue -
Capital expenditure and Capital expenditure
690 Insurance Claim Received - 236 Insurance Claim Received -
1,667 Insurance Claims Paid - 2,581 Insurance Claims Paid -
5 Bajaj Allianz Group 5,694 Reimbursement received of 8,588 3,394 Reimbursement received of 3,088
Financial Company Revenue Expenditure Revenue Expenditure
Distributors Ltd. 184,968 Revenue expenditure for - - -
Outsourced Employees cost.
2,012 Rent - - -
6 Allianz SE Shareholder 55,178 Revenue expenditure for OPUS - 97,257 Revenue expenditure for OPUS 1,172
1,467 Reimbursement received of - - Reimbursement received of -
Revenue Expenditure Revenue Expenditure
- Amount contributed towards - 5,098,837 Amount contributed towards -
capital capital
7 Allianz Insurance Group 12 Reimbursement received of 1,138 2,677 Reimbursement received of 953
Management Company Revenue Expenditure Revenue Expenditure
Asia Pacific 60 Reimbursement made of - 709 Reimbursement made of -
Pte. Ltd. Revenue Expenditure Revenue Expenditure
8 Allianz SE Group 91,490 Reinsurance Premium Payable (68,934) 47,097 Reinsurance Premium Payable (14,071)
Reinsurance Company 18,456 Reinsurance Commission 13,066 8,226 Reinsurance Commission 2,984
Branch Asia Receivable Receivable
Pacific. 4,782 Reinsurance profit Commission 4,782 - Reinsurance profit Commission -
Receivable Receivable
34,012 Reinsurance Claims Receivable 31,424 11,943 Reinsurance Claims Receivable 7,068
9 Allianz Life Group 582 Reimbursement made of - 121 Reimbursement made of (121)
Insurance Company Revenue Expenditure Revenue Expenditure
Malaysia Berhad
10 Hind Musafir Group 270 Commission on Travel Expenses (539) 12 Commission on Travel Expenses -
Agency Ltd. Company 345 Charges for Domestic Services - 23 Charges for Domestic Services (15)
11 IDS Gmbh Group 1,057 Remuneration for IDS serives (502) - Remuneration for IDS serives -
Company
12 Allianz MENA Group 4,284 Reimbursement received of 1,222 - Reimbursement received of -
Holding Co. SPC Company Revenue Expenditure Revenue Expenditure
13 Kamesh Goyal Key 15,628 Remuneration - 5,633 Remuneration -
Management
Personnel
14 Sam Ghosh Key - Remuneration - 3,681 Remuneration -
(upto Management
30/09/2007) Personnel
54
Appendix II Refer Schedule 16 Note 24 Form A-RA (UL)
Fund Revenue Account for the year ended 31st March 2009
Particulars Schedule Accelerated Acc Mid Cap Acc Mid Cap Asset Asset Balanced Balanced Balanced
Fund Pension Fund Fund Allocation Allocation Fund Plus Fund Plus Pension
Fund Pension Fund Fund
Interest Income 3,346 - 49 460,614 13,955 - - -
Dividend Income 229 3,165 41,095 78,220 2,629 - - -
Miscellaneous Income 564 1,525 25,507 137,375 6,080 - - -
Profit/(Loss) excluding inter scheme (3,397) (52,472) (694,084) (995,275) (24,107) - - -
Profit/(Loss) on inter fund transfer/sale of investment (429) (37,286) (447,387) (761,174) (27,252) - - -
Unrealised Gain/(Loss) (2,912) (7,396) (172,045) 465,799 9,504 - - -
Total Income (A) (2,599) (92,464) (1,246,865) (614,441) (19,191) - - -
EXPENSES
Fund Administration Expenses - - - - - - - -
Fund Management Expenses 662 3,062 44,674 153,141 5,267 - - -
Other charges F -5 32 2,634 285,918 1,507,073 18,073 - - -
Total Expenses (B) 694 5,696 330,592 1,660,214 23,340 - - -
Net Income/(Loss) for the Year (A-B) (3,293) (98,160) (1,577,457) (2,274,655) (42,531) - - -
Add: Revenue Account at the beginning of the year 17,323 19,877 (51,507) (698,632) (1,899) - - -
Fund Revenue Account at the end of the year 14,030 (78,283) (1,628,964) (2,973,287) (44,430) - - -
Appendix II Refer Schedule 16 Note 24 Form A-BS (UL)

st
Fund Balance Sheet as at 31 March 2009
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED Appendix II Refer Schedule 16 Note 24
SOURCES OF FUNDS
Policy Holder's Funds:
Policy Holders Contribution F -1 6,052 266,788 5,105,796 21,021,895 788,313 1,291,026 834,681 98,771
Revenue Account 14,030 (78,283) (1,628,964) (2,973,287) (44,430) - - -
Total 20,082 188,505 3,476,832 18,048,608 743,883 1,291,026 834,681 98,771
Investments F -2 18,136 184,256 3,363,035 17,267,896 704,026 1,290,955 834,672 98,766
Current Assets F -3 1,980 10,584 232,855 850,183 41,576 71 9 5
Less : Current Liabilities and Provisions F -4 34 6,335 119,058 69,471 1,719 - - -
Net Current Assets 1,946 4,249 113,797 780,712 39,857 71 9 5
Total 20,082 188,505 3,476,832 18,048,608 743,883 1,291,026 834,681 98,771
(a)Net Assets as per Balance Sheet (Rs. in thousands) 20,082 188,505 3,476,832 18,048,608 743,883 1,291,026 834,681 98,771
(b)Number of Units Outstanding (in thousands) 1,428,657 21,292,035 393,535,132 1,969,851,531 84,341,382 96,022,849 53,519,399 6,644,503
Net Asset Value per unit (a)/(b) (Rs.) * 14.0565 8.8533 8.8349 9.1624 8.8199 13.4450 15.5959 14.8648
*Note: The Net Asset Value per unit calculated above is before appropriation/ ex propriation charge.
55
56
st
Fund Revenue Account for the year ended 31 March 2009
Particulars Schedule Bond Bond Capital Capital Capital Capital Capital Cash
Fund Pension Guarantee Guarantee Guarantee Shield Shield Fund
Fund Fund- 2012 Fund- 2014 Fund- 2017 Fund- I Fund- II
Interest Income 138,558 12,853 7,203 503 2,257 12,900 596 27,485
Dividend Income - - 345 29 288 - - -
Miscellaneous Income 21,270 2,060 43 18 455 2,416 2,331 79,923
Profit/(Loss) excluding inter scheme 45,599 6,323 (300) (25) (229) 62 17,114 8,011
Profit/(Loss) on inter fund transfer/sale of investment (12,958) (1,474) (801) (29) (316) - (16,924) (681)
Unrealised Gain/(Loss) 68,440 6,169 (6,150) (701) (7,592) 6,582 10,765 -
Total Income (A) 260,909 25,931 340 (205) (5,137) 21,960 13,882 114,738
EXPENSES
Fund Administration Expenses - - - - - - - 12,863
Fund Management Expenses 16,715 1,525 1,400 97 621 4,402 1,430 10,291
Other charges F -5 241,063 3,049 4,362 311 1,958 508 156 52,048
Total Expenses (B) 257,778 4,574 5,762 408 2,579 4,910 1,586 75,202
Net Income/(Loss) for the Year (A-B) 3,131 21,357 (5,422) (613) (7,716) 17,050 12,296 39,536
Add: Revenue Account at the beginning of the year (63,101) 6,733 6,111 514 4,604 - - 126,329
Fund Revenue Account at the end of the year (59,970) 28,090 689 (99) (3,112) 17,050 12,296 165,865

st
Particulars Schedule Bond Bond Capital Capital Capital Capital Capital Cash
Fund Pension Guarantee Guarantee Guarantee Shield Shield Fund
Fund Fund- 2012 Fund- 2014 Fund- 2017 Fund- I Fund- II
SOURCES OF FUNDS
Policy Holders Contribution F -1 3,270,147 369,424 111,742 7,779 50,832 808,853 478,796 971,015
Revenue Account (59,970) 28,090 689 (99) (3,112) 17,050 12,296 165,865
Total 3,210,177 397,514 112,431 7,680 47,720 825,903 491,092 1,136,880
Investments F -2 2,992,348 351,820 109,947 7,506 47,332 735,941 404,427 1,126,823
Current Assets F -3 220,279 45,963 2,615 183 442 91,702 87,674 12,403
Less : Current Liabilities and Provisions F -4 2,450 269 131 9 54 1,740 1,009 2,346
Net Current Assets 217,829 45,694 2,484 174 388 89,962 86,665 10,057
Total 3,210,177 397,514 112,431 7,680 47,720 825,903 491,092 1,136,880
(a)Net Assets as per Balance Sheet (Rs. in thousands) 3,210,177 397,514 112,431 7,680 47,720 825,903 491,092 1,136,880
(b)Number of Units Outstanding (in thousands) 248,556,800 30,129,883 10,333,666 721,390 4,714,298 78,975,616 47,235,016 85,603,777
st
Particulars Schedule Cash Cash Debt Debt Debt Equity Equity Equity
Plus Plus Fund Plus Plus Fund Gain Growth
Fund Pension Fund Fund Pension Fund Fund Fund
Interest Income 41,528 5,495 100,596 110,523 11,218 19 4,266 31,760
Dividend Income - - - - - 56,456 113,558 383,618
Miscellaneous Income 111,368 5,720 13,361 16,602 1,530 1,947 75,319 283,039
Profit/(Loss) excluding inter scheme 9,361 306 34,458 39,756 3,712 (33,776) (1,948,013) (4,423,117)
Profit/(Loss) on inter fund transfer/sale of investment (1,274) (84) (18,175) (17,851) 26 (1,486) (223,622) (951,245)
Unrealised Gain/(Loss) - - 36,180 42,536 2,661 (1,704,558) (736,609) (6,430,902)
Total Income (A) 160,983 11,437 166,420 191,566 19,147 (1,681,398) (2,715,101) (11,106,847)
EXPENSES
Fund Administration Expenses - - 15,442 - - 47,929 97,396 -
Fund Management Expenses 10,262 731 12,354 9,477 975 38,343 116,875 503,160
Other charges F -5 102,003 5,603 49,699 37,166 4,235 132,347 283,217 3,371,013
Total Expenses (B) 112,265 6,334 77,495 46,643 5,210 218,619 497,488 3,874,173
Net Income/(Loss) for the Year (A-B) 48,718 5,103 88,925 144,923 13,937 (1,900,017) (3,212,589) (14,981,020)
Add: Revenue Account at the beginning of the year 383,086 25,535 133,612 178,780 17,134 2,083,060 1,877,286 (1,760,901)
Fund Revenue Account at the end of the year 431,804 30,638 222,537 323,703 31,071 183,043 (1,335,303) (16,741,921)

st
Particulars Schedule Cash Cash Debt Debt Debt Equity Equity Equity
Plus Plus Fund Plus Plus Fund Gain Growth
Fund Pension Fund Fund Pension Fund Fund Fund
SOURCES OF FUNDS
Policy Holders Contribution F -1 984,752 66,361 371,158 712,142 74,193 2,537,406 8,651,002 55,142,892
Revenue Account 431,804 30,638 222,537 323,703 31,071 183,043 (1,335,303) (16,741,921)
Total 1,416,556 96,999 593,695 1,035,845 105,264 2,720,449 7,315,699 38,400,971
Investments F -2 1,398,247 96,121 547,599 945,626 85,104 2,707,248 7,279,417 37,076,562
Current Assets F -3 19,271 942 48,874 91,178 20,257 33,253 86,440 2,601,895
Less : Current Liabilities and Provisions F -4 962 64 2,778 959 97 20,056 50,158 1,277,486
Net Current Assets 18,309 878 46,096 90,219 20,160 13,197 36,282 1,324,409
Total 1,416,556 96,999 593,695 1,035,845 105,264 2,720,449 7,315,699 38,400,971
(a)Net Assets as per Balance Sheet (Rs. in thousands) 1,416,556 96,999 593,695 1,035,845 105,264 2,720,449 7,315,699 38,400,971
(b)Number of Units Outstanding (in thousands) 99,935,497 6,881,194 46,374,861 75,478,857 7,516,522 193,511,716 383,200,470 4,346,159,333
57
58
st
Particulars Schedule Equity Growth Equity Equity Equity Index Equity Index Equity Equity Midcap Equity Midcap
Pension Index Index Pension Pension Midcap Pension Plus
Fund Fund Fund - II Fund Fund - II Fund Fund Fund
Interest Income 52 5 294 - 15 36 - 54
Dividend Income 18,561 30,572 264,620 2,266 20,110 31,268 3,129 46,488
Miscellaneous Income 13,916 1,186 18,663 103 1,281 11,158 1,114 19,592
Profit/(Loss) excluding inter scheme (190,912) (18,602) (174,690) (1,452) (14,444) (222,458) (15,454) (316,866)
Profit/(Loss) on inter fund transfer/sale of investment (185,053) (18,458) (221,017) (6,695) (16,924) (125,781) (24,174) (202,333)
Unrealised Gain/(Loss) (202,014) (914,658) (7,035,627) (60,496) (542,868) (98,554) (2,806) (199,904)
Total Income (A) (545,450) (919,955) (7,147,757) (66,274) (552,830) (404,331) (38,191) (652,969)
EXPENSES
Fund Administration Expenses - - - - - 14,473 - -
Fund Management Expenses 24,333 20,760 231,794 1,554 17,359 17,368 1,773 27,119
Other charges F -5 24,162 66,498 3,089,285 4,613 33,528 44,796 527 41,969
Total Expenses (B) 48,495 87,258 3,321,079 6,167 50,887 76,637 2,300 69,088
Net Income/(Loss) for the Year (A-B) (593,945) (1,007,213) (10,468,836) (72,441) (603,717) (480,968) (40,491) (722,057)
Add: Revenue Account at the beginning of the year (20,380) 811,317 (1,232,462) 82,099 (65,943) 380,946 62,016 851,210
Fund Revenue Account at the end of the year (614,325) (195,896) (11,701,298) 9,658 (669,660) (100,022) 21,525 129,153

Fund Balance Sheet as at 31st March 2009

SOURCES OF FUNDS
Policy Holders Contribution F -1 2,254,653 1,651,211 40,879,569 87,162 2,602,686 1,142,075 74,208 1,437,694
Revenue Account (614,325) (195,896) (11,701,298) 9,658 (669,660) (100,022) 21,525 129,153
Total 1,640,328 1,455,315 29,178,271 96,820 1,933,026 1,042,053 95,733 1,566,847
Investments F -2 1,582,562 1,443,885 28,282,717 98,071 1,855,442 1,025,779 96,900 1,540,414
Current Assets F -3 81,591 20,583 1,902,057 167 142,558 18,698 36 28,423
Less : Current Liabilities and Provisions F -4 23,824 9,153 1,006,503 1,418 64,974 2,424 1,203 1,990
Net Current Assets 57,767 11,430 895,554 (1,251) 77,584 16,274 (1,167) 26,433
Total 1,640,329 1,455,315 29,178,271 96,820 1,933,026 1,042,053 95,733 1,566,847
(a)Net Assets as per Balance Sheet (Rs. in thousands) 1,640,329 1,455,315 29,178,271 96,820 1,933,026 1,042,053 95,733 1,566,847
(b)Number of Units Outstanding (in thousands) 188,457,689 80,494,293 2,984,464,942 6,094,979 201,759,374 71,682,770 5,720,164 101,853,196
Particulars Schedule Equity Equity Plus Group Group Group Life Long Liquid Liquid
Plus Pension Debt Liquid Short Term Gain Pension Fund
Fund Fund Fund Fund Debt Fund Fund Fund
Interest Income 3,398 48 42,470 - 71 14,769 988 11,038
Dividend Income 177,005 12,048 - - - - - -
Miscellaneous Income 109,017 8,151 3,453 4,262 - 1,964 2,565 39,241
Profit/(Loss) excluding inter scheme (3,121,225) (164,492) 34,379 280 - 3,388 207 2,935
Profit/(Loss) on inter fund transfer/sale of investment (450,283) (88,049) (2,451) - - 3,137 (28) (384)
Unrealised Gain/(Loss) (992,382) (24,175) 16,990 - (56) 4,832 - -
Total Income (A) (4,274,470) (256,469) 94,841 4,542 15 28,090 3,732 52,830
EXPENSES
Fund Management Expenses 180,803 11,955 5,164 244 7 1,852 317 4,522
Other charges F -5 383,459 19,562 507 29 1 5,031 1,114 79,957
Total Expenses (B) 564,262 31,517 5,671 273 8 9,198 1,431 84,479
Net Income/(Loss) for the Year (A-B) (4,838,732) (287,986) 89,170 4,269 7 18,892 2,301 (31,649)
Add: Revenue Account at the beginning of the year 3,421,900 302,069 - - - 12,105 1,420 (14,322)
Fund Revenue Account at the end of the year (1,416,832) 14,083 89,170 4,269 7 30,997 3,721 (45,971)

st
Particulars Schedule Equity Equity Plus Group Group Group Life Long Liquid Liquid
Plus Pension Debt Liquid Short Term Gain Pension Fund
Fund Fund Fund Fund Debt Fund Fund Fund
SOURCES OF FUNDS
Policy Holders Contribution F -1 12,327,596 727,211 1,080,295 890,401 20,000 149,010 48,033 788,370
Revenue Account (1,416,832) 14,083 89,170 4,269 7 30,997 3,721 (45,971)
Total 10,910,764 741,294 1,169,465 894,670 20,007 180,007 51,754 742,399
Investments F -2 10,871,367 735,539 868,550 95,620 9,466 175,024 49,049 719,342
Current Assets F -3 102,911 10,069 301,748 799,111 10,549 5,336 2,745 23,660
Less : Current Liabilities and Provisions F -4 63,514 4,314 833 61 8 353 40 603
Net Current Assets 39,397 5,755 300,915 799,050 10,541 4,983 2,705 23,057
Total 10,910,764 741,294 1,169,465 894,670 20,007 180,007 51,754 742,399
(a)Net Assets as per Balance Sheet (Rs. in thousands) 10,910,764 741,294 1,169,465 894,670 20,007 180,007 51,754 742,399
(b)Number of Units Outstanding (in thousands) 548,795,878 41,102,256 103,950,701 85,070,398 1,998,203 15,085,493 4,060,828 58,177,450
59
60
Particulars Schedule Premier Premier Premier Premier Premier Premier Premier Pure
Balanced Bond Debt Equity Equity Gain Equity Growth Equity Index Equity
Fund Fund Fund Fund Fund Fund Fund Fund
Interest Income - 15,143 11,261 2 461 74 28 -
Dividend Income - - - 6,170 9,800 22,677 13,071 11,879
Miscellaneous Income - 2,656 2,014 181 4,717 11,017 576 5,561
Profit/(Loss) excluding inter scheme - 4,322 4,304 (4,489) (136,579) (280,531) (10,363) (61,148)
Profit/(Loss) on inter fund transfer/sale of investment - (6) (3,748) (6,617) (85,536) (236,904) (26,700) (49,160)
Unrealised Gain/(Loss) - 5,520 4,085 (181,537) 356 (216,505) (376,385) (18,541)
Total Income (A) - 27,635 17,916 (186,290) (206,781) (700,172) (399,773) (111,409)
EXPENSES
Fund Management Expenses - 5,429 3,184 9,412 14,251 43,197 24,396 9,642
Other charges F -5 - 3,994 7,766 15,270 23,471 40,409 18,135 118,007
Total Expenses (B) - 9,423 10,950 24,682 37,722 83,606 42,531 127,649
Net Income/(Loss) for the Year (A-B) - 18,212 6,966 (210,972) (244,503) (783,778) (442,304) (239,058)
Add: Revenue Account at the beginning of the year - 13,079 25,104 187,409 176,347 61,049 45,299 48,781
Fund Revenue Account at the end of the year - 31,291 32,070 (23,563) (68,156) (722,729) (397,005) (190,277)

st

Particulars Schedule Premier Premier Premier Premier Premier Premier Premier Pure
Balanced Bond Debt Equity Equity Gain Equity Growth Equity Index Equity
SOURCES OF FUNDS
Policy Holders Contribution F -1 63,456 237,122 61,532 328,203 594,723 2,044,090 1,214,293 893,045
Revenue Account - 31,291 32,070 (23,563) (68,156) (722,729) (397,005) (190,277)
Total 63,456 268,413 93,602 304,640 526,567 1,321,361 817,288 702,768
Investments F -2 63,456 249,012 89,567 304,703 515,411 1,309,738 807,678 728,965
Current Assets F -3 - 20,024 4,314 585 14,584 14,785 14,429 29,954
Less : Current Liabilities and Provisions F -4 - 623 279 648 3,428 3,162 4,819 56,151
Net Current Assets - 19,401 4,035 (63) 11,156 11,623 9,610 (26,197)
Total 63,456 268,413 93,602 304,640 526,567 1,321,361 817,288 702,768
(a)Net Assets as per Balance Sheet (Rs. in thousands) 63,456 268,413 93,602 304,640 526,567 1,321,361 817,288 702,768
(b)Number of Units Outstanding (in thousands) 5,442,267 21,873,782 7,329,613 29,533,896 50,997,278 159,373,453 87,443,607 58,303,073
Particulars Schedule Pure Pure Stock Secure Stable Total
Stock Pension Fund Fund
Fund Fund
Interest Income - - 25,363 67,205 1,178,499
Dividend Income 13,868 51 452 2,939 1,366,606
Miscellaneous Income 7,475 40 4,827 11,605 1,074,788
Profit/(Loss) excluding inter scheme (99,835) (89) (8,606) (109,337) (12,911,850)
Profit/(Loss) on inter fund transfer/sale of investment (6,256) (762) (4,425) (35,418) (4,314,447)
Unrealised Gain/(Loss) 26,652 432 1,745 36,608 (19,189,517)
Total Income (A) (58,096) (328) 19,356 (26,398) (32,795,921)
EXPENSES
Fund Administration Expenses - - - - 190,418
Fund Management Expenses 14,371 63 4,511 11,761 1,622,605
Other charges F -5 291,158 63 271 205 10,416,254
Total Expenses (B) 305,529 126 4,782 11,966 12,229,277
Net Income/(Loss) for the Year (A-B) (363,625) (454) 14,574 (38,364) (45,025,198)
Add: Revenue Account at the beginning of the year (142,584) - 560 57,784 7,368,747
Fund Revenue Account at the end of the year (506,209) (454) 15,134 19,420 (37,656,451)

st
Particulars Schedule Pure Pure Stock Secure Stable Total

Stock Pension Fund Fund
Fund Fund
SOURCES OF FUNDS
Policy Holders Contribution F -1 2,024,327 8,837 401,793 256,038 178,309,449
Revenue Account (506,209) (454) 15,134 19,420 (37,656,451)
Total 1,518,118 8,383 416,927 275,458 140,652,998
Investments F -2 1,541,181 8,432 395,321 270,017 135,407,022
Current Assets F -3 95,810 854 22,077 5,772 8,174,064
Less : Current Liabilities and Provisions F -4 118,873 903 471 331 2,928,088
Net Current Assets (23,063) (49) 21,606 5,441 5,245,976
Total 1,518,118 8,383 416,927 275,458 140,652,998
(a)Net Assets as per Balance Sheet (Rs. in thousands) 1,518,118 8,383 416,927 275,458
(b)Number of Units Outstanding (in thousands) 131,067,169 1,046,727 30,756,733 20,825,328
Net Asset Value per unit (a)/(b) (Rs.) * 11.5827 8.0083 13.5556 13.2270
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62
Appendix II Refer Schedule 16 Note 24
SCHEDULE F1 : POLICYHOLDERS' CONTRIBUTION

Schedules to Fund Revenue Account
As at 31st March 2009 (Amount in Rs. '000)
Particulars Accelerated Acc Mid Cap Acc Mid Cap Asset Asset Balanced Balanced Balanced Bond
Fund Pension Fund Allocation Allocation Fund Plus Fund Plus Pension Fund
Fund Fund Pension Fund Fund
Opening Balance 50,103 183,700 2,563,250 10,842,776 288,258 1,503,103 923,231 119,980 1,253,818
Add : Addition during the year 8,236 129,450 3,642,412 12,858,695 555,787 69,321 144,694 17,810 3,180,891
Less : Deduction during the year 52,287 46,362 1,099,866 2,679,576 55,732 281,398 233,244 39,019 1,164,562
Closing Balance 6,052 266,788 5,105,796 21,021,895 788,313 1,291,026 834,681 98,771 3,270,147

Particulars Bond Capital Capital Capital Capital Capital Cash Cash Cash Plus
Pension Guarantee Guarantee Guarantee Shield Shield Fund Plus Pension
Fund Fund- 2012 Fund- 2014 Fund- 2017 Fund- I Fund- II Fund Fund
Opening Balance 91,745 111,220 7,796 50,383 - - 856,359 1,376,695 86,216

Add : Addition during the year 439,180 4,274 304 2,026 885,042 488,083 522,426 872,698 62,176
Less : Deduction during the year 161,501 3,752 321 1,577 76,189 9,287 407,770 1,264,641 82,031
Closing Balance 369,424 111,742 7,779 50,832 808,853 478,796 971,015 984,752 66,361

Particulars Debt Debt Debt Plus Equity Equity Equity Equity Growth Equity Equity
Fund Plus Pension Fund Gain Growth Pension Index Index
Fund Fund Fund Fund Fund Fund Fund - II
Opening Balance 407,535 1,111,369 65,700 1,851,492 7,249,011 28,020,683 1,499,414 1,217,355 16,750,358
Add : Addition during the year 283,329 874,730 119,852 1,394,648 3,126,244 39,057,468 1,204,844 953,539 31,844,921
Less : Deduction during the year 319,706 1,273,957 111,359 708,734 1,724,253 11,935,259 449,605 519,683 7,715,710
Closing Balance 371,158 712,142 74,193 2,537,406 8,651,002 55,142,892 2,254,653 1,651,211 40,879,569

Particulars Equity Index Equity Index Equity Equity Midcap Equity Midcap Equity Equity Plus Group Group
Pension Pension Midcap Pension Plus Plus Pension Debt Liquid
Fund Fund - II Fund Fund Fund Fund Fund Fund Fund
Opening Balance 54,786 1,366,634 973,788 87,721 1,364,051 11,072,463 675,071 46,157 -
Add : Addition during the year 84,912 1,641,665 399,771 42,840 552,978 4,718,691 278,135 1,120,145 892,133
Less : Deduction during the year 52,536 405,613 231,484 56,353 479,335 3,463,558 225,995 86,007 1,732
Closing Balance 87,162 2,602,686 1,142,075 74,208 1,437,694 12,327,596 727,211 1,080,295 890,401

Particulars Group Short Life Long Liquid Liquid Premier Premier Premier Premier Premier
Term Debt Gain Pension Fund Balanced Bond Debt Equity Equity Gain
Opening Balance - 167,028 26,486 344,378 77,114 163,761 134,655 315,804 647,812
Add : Addition during the year 20,000 132,369 35,771 731,100 3,227 148,316 122,554 75,390 93,487
Less : Deduction during the year - 150,387 14,224 287,108 16,885 74,955 195,677 62,991 146,576
Closing Balance 20,000 149,010 48,033 788,370 63,456 237,122 61,532 328,203 594,723

Particulars Premier Premier Pure Pure Pure Stock Secure Stable Total
Equity Growth Equity Index Equity Stock Pension Fund Fund
Fund Fund Fund Fund Fund
Opening Balance 1,852,476 941,738 614,405 807,709 - 341,730 1,615,633 102,172,950

Add : Addition during the year 308,422 340,988 561,739 1,934,963 9,715 127,972 24,818 117,145,181
Less : Deduction during the year 116,808 68,433 283,099 718,345 878 67,909 1,384,413 41,008,682
Closing Balance 2,044,090 1,214,293 893,045 2,024,327 8,837 401,793 256,038 178,309,449
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SCHEDULE F2 : INVESTMENTS

Particulars Accelerated Acc Mid Cap Acc Mid Cap Asset Asset Bond Bond Capital Capital Capital
Fund Pension Fund Allocation Allocation Fund Pension Guarantee Guarantee Guarantee
Fund Fund Pension Fund Fund Fund- 2012 Fund- 2014 Fund- 2017
APPROVED INVESTMENTS
Government Bonds - - - 38,013 - 366,420 19,474 35,540 2,057 13,481
Corporate Bonds 3,777 - - 1,050,777 52,064 625,247 106,859 48,707 1,271 3,300
Infrastructure Bonds 4,659 - - 4,787,029 302,646 1,358,462 152,883 6,806 2,565 13,517
Equity 5,389 146,329 2,667,184 5,188,907 200,450 - - 14,976 1,319 12,992
Money Market 795 22,927 423,520 5,130,530 110,972 385,819 47,104 579 - 1,146
Mutual Fund 2,900 - - 357,900 10,100 256,400 25,500 - - -
Total 17,520 169,256 3,090,704 16,553,156 676,232 2,992,348 351,820 106,608 7,212 44,436
OTHER INVESTMENTS
Corporate Bonds - - - - - - - - - -
Infrastructure Bonds - - - - - - - - - -
Equity 616 12,188 222,307 714,740 27,794 - - 3,339 294 2,896
Money Market - - - - - - - - - -
Mutual Fund - 2,812 50,024 - - - - - - -
Total 616 15,000 272,331 714,740 27,794 - - 3,339 294 2,896
Grand Total 18,136 184,256 3,363,035 17,267,896 704,026 2,992,348 351,820 109,947 7,506 47,332
% of Approved to Total 96.60% 91.86% 91.90% 95.86% 96.05% 100.00% 100.00% 96.96% 96.08% 93.88%
% of Other than Approved to Total 3.40% 8.14% 8.10% 4.14% 3.95% 0.00% 0.00% 3.04% 3.92% 6.12%

Particulars Capital Capital Cash Cash Cash Plus Debt Debt Debt Plus Equity Equity
Shield Shield Fund Plus Pension Fund Plus Pension Fund Gain
Fund- I Fund- II Fund Fund Fund Fund Fund
Government Bonds - - - - - 182,976 168,045 10,961 - 5,741
Corporate Bonds 206,836 276,921 - - - 211,487 356,376 29,257 - -
Infrastructure Bonds 89,441 62,518 - - - 764,507 688,886 77,898 - -
Equity - - - - - - - - 2,644,221 5,689,244
Money Market 439,664 64,988 1,126,823 1,398,247 96,121 39,441 146,255 11,751 12,346 781,480
Mutual Fund - - - - - 101,300 91,500 16,400 - -
Total 735,941 404,427 1,126,823 1,398,247 96,121 1,299,711 1,451,062 146,267 2,656,567 6,476,465
OTHER INVESTMENTS
Equity - - - - - - - - 589,523 802,952
Money Market - - - - - - - - - -
Mutual Fund - - - - - - - - - -
Total - - - - - - - - 589,523 802,952
Grand Total 735,941 404,427 1,126,823 1,398,247 96,121 1,299,711 1,451,062 146,267 3,246,090 7,279,417
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66

Particulars Equity Equity Growth Equity Equity Equity Index Equity Index Equity Equity Midcap Equity Equity
Growth Pension Index Index Pension Pension Midcap Pension Midcap Plus
Fund Fund Fund Fund - II Fund Fund - II Fund Fund Plus Fund Fund
Government Bonds 531 - - - - - - - - -
Equity 25,699,116 1,104,540 1,442,805 22,835,456 110,583 1,495,783 832,770 78,743 1,251,141 8,522,259
Money Market 6,176,485 250,691 6,610 355,555 437 26,142 90,420 10,025 159,928 1,149,701
Mutual Fund - - - - - - - - - -
Total 31,876,132 1,355,231 1,449,415 23,191,011 111,020 1,521,925 923,190 88,768 1,411,069 9,671,960
OTHER INVESTMENTS
Equity 5,200,430 227,331 321,673 5,091,706 24,655 333,517 69,115 6,538 103,830 1,201,440
Money Market - - - - - - - - - -
Mutual Fund - - - - - - 33,474 1,594 25,515 -
Total 5,200,430 227,331 321,673 5,091,706 24,655 333,517 102,589 8,132 129,345 1,201,440
Grand Total 37,076,562 1,582,562 1,771,088 28,282,717 135,675 1,855,442 1,025,779 96,900 1,540,414 10,873,400
Particulars Equity Plus Group Group Group Short Life Long Liquid Liquid Premier Premier Premier
Pension Debt Liquid Term Debt Gain Pension Fund Bond Debt Equity
Fund Fund Fund Fund Fund Fund Fund Fund Fund
Government Bonds - 182,118 - - 5,080 - - 8,929 10,697 -
Corporate Bonds - 204,197 - 5,229 39,911 - - 89,042 60,567 -
Infrastructure Bonds - 379,482 - 4,237 97,773 - - 121,124 37,688 -
Equity 575,059 - - - - - - - - 266,951
Money Market 79,097 72,153 95,420 - 24,560 49,049 719,342 23,717 21,216 1,094
Mutual Fund - 30,600 200 - 7,700 - - 6,200 - -
Total 654,156 868,550 95,620 9,466 175,024 49,049 719,342 249,012 130,168 268,045
OTHER INVESTMENTS
Equity 81,383 - - - - - - - - 59,514
Money Market - - - - - - - - - -
Mutual Fund - - - - - - - - - -
Total 81,383 - - - - - - - - 59,514
Grand Total 735,539 868,550 95,620 9,466 175,024 49,049 719,342 249,012 130,168 327,559
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68
Particulars Premier Premier Premier Pure Pure Pure Stock Secure Stable Total
Equity Gain Equity Growth Equity Index Equity Stock Pension Fund Fund
Fund Fund Fund Fund Fund Fund
Government Bonds - - 4,449 108,016 216,751 1,735 80,708 25,251 1,486,974
Corporate Bonds - - - - - - 76,169 41,733 3,489,728
Infrastructure Bonds - - - - - - 140,612 79,540 9,172,273
Equity 413,810 937,858 654,367 547,731 1,168,790 5,947 24,055 23,103 84,561,878
Money Market 43,156 182,368 2,975 - - - 52,239 76,963 19,909,852
Mutual Fund - - - - - - 18,700 20,700 946,100
Total 456,966 1,120,226 661,791 655,747 1,385,541 7,682 392,483 267,290 119,566,805
OTHER INVESTMENTS
Corporate Bonds - - - - - - - - -
Infrastructure Bonds - - - - - - - - -
Equity 58,445 189,512 145,887 73,218 155,640 750 2,838 2,727 15,726,798
Money Market - - - - - - - - -
Mutual Fund - - - - - - - - 113,419
Total 58,445 189,512 145,887 73,218 155,640 750 2,838 2,727 15,840,217
Grand Total 515,411 1,309,738 807,678 728,965 1,541,181 8,432 395,321 270,017 135,407,022
% of Approved to Total 88.66% 85.53% 81.94% 89.96% 89.90% 91.11% 99.28% 98.99% 88%
% of Other than Approved to Total 11.34% 14.47% 18.06% 10.04% 10.10% 8.89% 0.72% 1.01% 12%
SCHEDULE F3 : CURRENT ASSETS
Fund Pension Fund Allocation Allocation Fund Plus Plus Fund
Fund Fund Pension Fund Fund Pension Fund
Accrued Interest 465 - - 221,481 10,216 - - - 72,837

Cash and bank balance 1,515 10,522 231,730 610,131 31,023 71 9 5 147,442
Dividend Receivable - 62 1,125 - - - - - -
Receivables for Sale of Investments - - - 7,298 266 - - - -
Unit Collection A/c - - - - - - - - -
Other Current Assets (For Investments) : - - - 11,273 71 - - - -
Application Money - - - - - - - - -
Total 1,980 10,584 232,855 850,183 41,576 71 9 5 220,279


Particulars Bond Capital Capital Capital Capital Capital Cash Cash Cash Plus
Pension Guarantee Guarantee Guarantee Shield Shield Fund Plus Pension
Fund Fund- 2012 Fund- 2014 Fund- 2017 Fund- I Fund- II Fund Fund
Accrued Interest 10,695 2,587 152 406 19,480 3,396 7,162 8,627 676
Cash and bank balance 35,268 5 29 16 72,222 84,278 5,241 10,644 266
Dividend Receivable - 3 - 3 - - - - -
Receivables for Sale of Investments - 20 2 17 - - - - -
Other Current Assets (For Investments) : - - - - - - - - -
Total 45,963 2,615 183 442 91,702 87,674 12,403 19,271 942
69
70
Particulars Debt Debt Debt Plus Equity Equity Equity Equity Equity Equity
Fund Plus Pension Fund Gain Growth Growth Index Index
Fund Fund Fund Fund Pension Fund Fund Fund - II
Accrued Interest 37,128 36,835 4,799 - - 5,410 - - -

Cash and bank balance 11,746 54,343 15,458 29,211 75,597 1,600,797 77,507 18,376 1,776,636
Dividend Receivable - - - 580 - 5,232 226 316 4,537
Receivables for Sale of Investments - - - 3,462 8,554 844,020 - 1,891 28,805
Other Current Assets (For Investments) : - - - - 2,289 146,436 3,858 - 92,079
Total 48,874 91,178 20,257 33,253 86,440 2,601,895 81,591 20,583 1,902,057


Particulars Equity Equity Index Equity Equity Equity Equity Equity Plus Group Group
Index Pension Midcap Midcap Midcap Plus Pension Debt Liquid
Pension Fund Fund - II Fund Pension Fund Plus Fund Fund Fund Fund Fund
Accrued Interest - - - - - 614 - 26,165 -

Cash and bank balance - 133,329 18,369 - 27,860 86,070 8,968 275,583 799,111
Dividend Receivable 24 302 329 36 563 - - - -
Receivables for Sale of Investments 143 1,890 - - - 12,801 868 - -
Other Current Assets (For Investments) : - 7,037 - - - 3,426 233 - -
Total 167 142,558 18,698 36 28,423 102,911 10,069 301,748 799,111

Particulars Group Short Life Long Liquid Liquid Premier Premier Premier Premier Premier
Term Debt Gain Pension Fund Balanced Bond Debt Equity Equity Gain
Accrued Interest 531 4,144 97 4,204 - 8,099 4,191 - 858

Cash and bank balance 10,018 1,192 2,648 19,456 - 11,925 123 174 6,238
Dividend Receivable - - - - - - - 59 -
Receivables for Sale of Investments - - - - - - - 352 7,323
Other Current Assets (For Investments) : - - - - - - - - 165
Total 10,549 5,336 2,745 23,660 - 20,024 4,314 585 14,584


Particulars Premier Premier Pure Pure Pure Secure Stable Total
Equity Growth Equity Index Equity Stock Stock Fund Fund
Fund Fund Fund Fund Pension Fund
Accrued Interest - 68 - - - 10,669 5,577 507,569

Cash and bank balance 14,580 13,362 16,331 66,169 649 11,408 195 6,423,846
Dividend Receivable 205 143 759 1,535 8 - - 16,047
Receivables for Sale of Investments - 856 - 970 - - - 919,538
Unit Collection A/c - - - - - - - -
Other Current Assets (For Investments) : - - 12,864 27,136 197 - - 307,064
Application Money - - - - - - - -
Total 14,785 14,429 29,954 95,810 854 22,077 5,772 8,174,064
71
72
SCHEDULE F4 : CURRENT LIABILITIES

Payable for purchase of Investments - 6,076 114,354 50,793 1,010 - - - -

Other Current Liabilities: 34 259 4,704 18,678 709 - - - 2,450
Unit Payable A/c - - - - - - - - -
Total 34 6,335 119,058 69,471 1,719 - - - 2,450

Particulars Bond Capital Capital Capital Capital Capital Cash Cash Cash
Pension Guarantee Guarantee Guarantee Shield Shield Fund Plus Plus
Fund Fund- 2012 Fund- 2014 Fund- 2017 Fund- I Fund- II Fund Pension Fund
Payable for purchase of Investments - 1 - - - - - - -

Other Current Liabilities: 269 130 9 54 1,740 1,009 2,346 962 64

Unit Payable A/c - - - - - - - - -
Total 269 131 9 54 1,740 1,009 2,346 962 64

Particulars Debt Debt Debt Equity Equity Equity Equity Equity Equity
Fund Plus Plus Fund Gain Growth Growth Index Index
Fund Pension Fund Fund Fund Pension Fund Fund Fund - II
Payable for purchase of Investments - - - 13,763 33,070 1,223,789 21,520 7,629 978,400
Other Current Liabilities: 2,778 959 97 6,293 17,088 53,697 2,304 1,524 28,103
Unit Payable A/c - - - - - - - - -
Total 2,778 959 97 20,056 50,158 1,277,486 23,824 9,153 1,006,503

Particulars Equity Equity Equity Equity Equity Equity Equity Group Group
Index Index Pension Midcap Midcap Midcap Plus Plus Debt Liquid
Pension Fund Fund - II Fund Pension Fund Plus Fund Fund Pension Fund Fund Fund
Payable for purchase of Investments 802 63,108 - - - 49,489 3,358 - -

Other Current Liabilities: 616 1,866 2,424 1,203 1,990 14,025 956 833 61
Unit Payable A/c - - - - - - - - -
Total 1,418 64,974 2,424 1,203 1,990 63,514 4,314 833 61

Particulars Group Life Long Liquid Liquid Premier Premier Premier Premier Premier
Short Term Gain Pension Fund Balanced Bond Debt Equity Equity
Debt Fund Fund Fund Fund Fund Fund Fund Gain Fund
Payable for purchase of Investments - - - - - - - 5 2,404

Other Current Liabilities: 8 353 40 603 - 623 279 643 1,024
Unit Payable A/c - - - - - - - - -
Total 8 353 40 603 - 623 279 648 3,428

Equity Equity Equity Stock Stock Fund Fund
Growth Fund Index Fund Fund Fund Pension Fund
Payable for purchase of Investments - 2,915 55,271 116,772 892 - - 2,745,421

Other Current Liabilities: 3,162 1,904 880 2,101 11 471 331 182,667
Unit Payable A/c - - - - - - - -
Total 3,162 4,819 56,151 118,873 903 471 331 2,928,088
73
74
SCHEDULE F5 : OTHER EXPENSES
Policy Administration Charge - 2,238 138,126 880,968 13,132 - - - 106,285

Surrender Charge - - - - - - - - -
Switching Charge - - - - - - - - 10
Mortality Charge - 83 105,768 266,848 2,217 - - - 70,532
Rider Premium Charge - 7 14,324 18,656 111 - - - 23,887
Partial Withdrawal Charge - - - - - - - - -
Miscellaneous Charge - 16 213 948 32 - - - 118
Service Tax 32 290 27,488 339,653 2,581 - - - 40,231
Total 32 2,634 285,918 1,507,073 18,073 - - - 241,063


Particulars Bond Capital Capital Capital Capital Capital Cash Cash Cash
Pension Guarantee Guarantee Guarantee Shield Shield Fund Plus Plus
Fund Fund- 2012 Fund- 2014 Fund- 2017 Fund- I Fund- II Fund Pension Fund
Policy Administration Charge 1,963 2,300 150 1,089 - - 1 11,210 4,248

Switching Charge 4 - - - - - 175 845 61
Mortality Charge 59 1,774 140 744 - - 33,931 84,188 1,071
Rider Premium Charge 4 - - - - - 13,678 3,188 97
Miscellaneous Charge 9 9 1 4 - - 123 314 9
Service Tax 1,009 279 20 120 508 156 4,140 2,258 117
Total 3,049 4,362 311 1,958 508 156 52,048 102,003 5,603
Policy Administration Charge - 15,369 2,326 - - 1,664,593 20,202 31,352 1,551,312

Switching Charge 36 206 44 56 185 4 2 318 8
Mortality Charge 35,631 14,128 1,476 96,082 225,493 1,157,353 784 23,572 858,700
Rider Premium Charge 9,889 3,607 193 25,180 32,085 154,122 35 5,694 130,125
Miscellaneous Charge 285 302 11 1,066 2,012 2,417 124 504 1,506
Service Tax 3,858 3,555 185 9,963 23,442 392,524 3,014 5,058 547,634
Total 49,699 37,166 4,235 132,347 283,217 3,371,013 24,162 66,498 3,089,285


Particulars Equity Equity Index Equity Equity Equity Equity Equity Group Group
Index Pension Midcap Midcap Midcap Plus Plus Debt Liquid
Policy Administration Charge 2,720 26,520 - - 16,042 122,616 13,855 - -

Switching Charge 15 2 27 2 90 967 125 - -
Mortality Charge 1,392 2,015 33,759 349 16,035 199,382 3,881 - -
Rider Premium Charge 266 96 7,063 53 5,409 28,946 571 - -
Miscellaneous Charge 15 119 288 11 479 3,056 143 - -
Service Tax 206 4,776 3,659 112 3,913 28,492 987 507 29
Total 4,613 33,528 44,796 527 41,969 383,459 19,562 507 29
75
76
Particulars Group Life Long Liquid Liquid Premier Premier Premier Premier Premier
Short Term Gain Pension Fund Balanced Bond Debt Equity Equity
Debt Fund Fund Fund Fund Fund Fund Fund Gain Fund
Policy Administration Charge - - 1,030 30,108 - 1,954 4,139 9,781 15,538

Switching Charge - - - 2 - 3 18 4 8
Mortality Charge - 4,522 7 20,270 - 1,353 3,273 4,499 6,408
Rider Premium Charge - - - 7,014 - - - - -
Miscellaneous Charge - 16 2 34 - 15 11 122 92
Service Tax 1 493 75 22,530 - 669 325 863 1,424
Total 1 5,031 1,114 79,957 - 3,994 7,766 15,270 23,471


Equity Growth Equity Equity Stock Stock Fund Fund
Fund Index Fund Fund Fund Pension Fund
Policy Administration Charge 21,457 9,435 77,826 185,033 38 - - 4,984,956

Surrender Charge - - - - - - - -
Switching Charge 1 1 - - - - - 3,219
Mortality Charge 15,116 6,530 31,853 67,718 3 - - 3,398,939
Rider Premium Charge - - 3,168 9,042 - - - 496,510
Partial Withdrawal Charge - - - - - - - -
Miscellaneous Charge 148 83 143 59 - - - 14,860
Service Tax 3,687 2,085 5,017 29,306 22 271 205 1,517,770
Total 40,409 18,135 118,007 291,158 63 271 205 10,416,254

st
Interest Income 2,632 27 682 63,816 614 - - -
Dividend Income 130 1,431 14,205 6,543 22 - - -
Profit/(Loss) excluding inter scheme 11,429 29,489 230,109 19,357 5 - - -
Profit/(Loss) on inter fund transfer/sale of investment (163) (16) (221) (4,580) - - - -
Unrealised Gain/(Loss) (1,078) (10,274) (99,370) (521,500) (2,180) - - -
Miscellaneous Income 1,019 736 10,212 11,669 98 - - -
Total Income (A) 13,969 21,393 155,617 (424,695) (1,441) - - -
EXPENSES
Fund Management Expenses 853 2,285 24,749 23,419 186 - - -
Other charges F -5 - 923 174,155 250,518 272 - - -
Total Expenses (B) 853 3,208 198,904 273,937 458 - - -
Net Income/(Loss) for the Year (A-B) 13,116 18,185 (43,287) (698,632) (1,899) - - -
Add: Revenue Account at the beginning of the year 4,207 1,692 (8,220) - - - - -
Fund Revenue Account at the end of the year 17,323 19,877 (51,507) (698,632) (1,899) - - -

st

SOURCES OF FUNDS
Policy Holders Contribution F -1 50,103 183,700 2,563,250 10,842,776 288,258 1,503,103 923,231 119,980
Revenue Account 17,323 19,877 (51,507) (698,632) (1,899) - - -
Total 67,426 203,577 2,511,743 10,144,144 286,359 1,503,103 923,231 119,980
Investments F -2 64,031 196,587 2,341,321 8,887,638 200,248 1,503,032 923,222 119,978
Current Assets F -3 3,461 15,987 211,337 1,489,418 93,838 71 9 2
Less : Current Liabilities and Provisions F -4 66 8,997 40,915 232,912 7,727 - - -
Net Current Assets 3,395 6,990 170,422 1,256,506 86,111 71 9 2
Total 67,426 203,577 2,511,743 10,144,144 286,359 1,503,103 923,231 119,980
(a) Net Assets as per Balance Sheet (Rs. in thousands) 67,426 203,577 2,511,743 10,144,144 286,359 1,503,103 923,231 119,980
(b) Number of Units Outstanding (in thousands) 4,635 13,451 166,930 1,016,869 29,724 94,731 51,924 7,109
77
78
Particulars Schedule Balancer Balancer Bond Bond Capital Capital Capital Cash
Fund Pension Fund Pension Guarantee Guarantee Guarantee Fund
Fund Fund Fund- 2012 Fund- 2014 Fund- 2017
Interest Income - - 56,954 4,933 6,245 424 2,256 17,967
Dividend Income - - - - 269 24 223 -
Profit/(Loss) excluding inter scheme - - 4,835 818 1,382 89 763 8,400
Profit/(Loss) on inter fund transfer/sale of investment - - 525 335 (311) (80) (3) (918)
Unrealised Gain/(Loss) - - (3,923) 87 2,635 422 3,230 30
Miscellaneous Income - - 16,089 1,429 234 15 305 80,471
Total Income (A) - - 74,480 7,602 10,454 894 6,774 105,950
EXPENSES
Fund Administration Expenses - - - - - - - 12,533
Fund Management Expenses - - 7,317 638 1,334 95 654 9,971
Other charges F -5 - - 135,338 901 2,913 206 1,316 23,554
Total Expenses (B) - - 142,655 1,539 4,247 301 1,970 46,058
Net Income/(Loss) for the Year (A-B) - - (68,175) 6,063 6,207 593 4,804 59,892
Add: Revenue Account at the beginning of the year - - 5,074 670 (96) (79) (200) 66,437
Fund Revenue Account at the end of the year - - (63,101) 6,733 6,111 514 4,604 126,329


Particulars Schedule Balancer Balancer Bond Bond Capital Capital Capital Cash
Fund Pension Fund Pension Guarantee Guarantee Guarantee Fund
Fund Fund Fund- 2012 Fund- 2014 Fund- 2017
SOURCES OF FUNDS
Policy Holders Contribution F -1 - - 1,253,818 91,745 111,220 7,796 50,383 856,359
Revenue Account - - (63,101) 6,733 6,111 514 4,604 126,329
Total - - 1,190,717 98,478 117,331 8,310 54,987 982,688
Investments F -2 - - 1,083,650 92,157 114,922 8,126 54,007 956,968
Current Assets F -3 - - 115,049 11,471 2,534 193 1,039 27,578
Less : Current Liabilities and Provisions F -4 - - 7,982 5,150 125 9 59 1,858
Net Current Assets - - 107,067 6,321 2,409 184 980 25,720
Total - - 1,190,717 98,478 117,331 8,310 54,987 982,688
(a) Net Assets as per Balance Sheet (Rs. in thousands) - - 1,190,717 98,478 117,331 8,310 54,987 982,688
(b) Number of Units Outstanding (in thousands) - - 104,380 8,529 10,687 752 4,858 80,744
Net Asset Value per unit (a)/(b) (Rs.) * - - 11.408 11.546 10.979 11.051 11.319 12.170
st
Particulars Schedule Cash Plus Cash Plus Debt Debt Plus Debt Plus Equity Equity Equity
Fund Pension Fund Fund Pension Fund Gain Growth
Fund Fund Fund Fund
Interest Income 35,432 3,578 94,540 107,270 8,929 363 4,558 8,333
Dividend Income - - - - - 48,982 65,877 123,238
Profit/(Loss) excluding inter scheme 11,559 2,096 2,671 5,981 788 501,265 948,215 1,623,882
Profit/(Loss) on inter fund transfer/sale of investment (1,368) (160) (10,749) (5,525) (162) (10) (1,192) (2,849)
Unrealised Gain/(Loss) 7 - 23,790 13,783 1,010 428,883 (86,527) (1,374,380)
Miscellaneous Income 150,637 12,109 20,586 31,880 2,218 1,781 35,766 108,146
Total Income (A) 196,267 17,623 130,838 153,389 12,783 981,264 966,697 486,370
EXPENSES
Fund Administration Expenses - - 15,182 - - 60,602 108,475 -
Fund Management Expenses 13,086 1,091 12,076 10,242 849 48,255 129,715 297,704
Other charges F -5 20,177 1,412 19,184 23,445 2,008 53,431 94,516 1,869,886
Total Expenses (B) 33,263 2,503 46,442 33,687 2,857 162,288 332,706 2,167,590
Net Income/(Loss) for the Year (A-B) 163,004 15,120 84,396 119,702 9,926 818,976 633,991 (1,681,220)
Add: Revenue Account at the beginning of the year 220,082 10,415 49,216 59,078 7,208 1,264,084 1,243,295 (79,681)
Fund Revenue Account at the end of the year 383,086 25,535 133,612 178,780 17,134 2,083,060 1,877,286 (1,760,901)

st

Particulars Schedule Cash Plus Cash Plus Debt Debt Plus Debt Plus Equity Equity Equity
Fund Pension Fund Fund Pension Fund Gain Growth
Fund Fund Fund Fund
SOURCES OF FUNDS
Policy Holders Contribution F -1 1,376,695 86,216 407,535 1,111,369 65,700 1,851,492 7,249,011 28,020,683
Revenue Account 383,086 25,535 133,612 178,780 17,134 2,083,060 1,877,286 (1,760,901)
Total 1,759,781 111,751 541,147 1,290,149 82,834 3,934,552 9,126,297 26,259,782
Investments F -2 1,711,483 107,386 482,003 1,143,620 76,268 3,868,996 8,902,318 24,507,702
Current Assets F -3 49,321 4,431 69,521 157,633 6,647 82,114 244,851 2,036,366
Less : Current Liabilities and Provisions F -4 1,023 66 10,377 11,104 81 16,558 20,872 284,286
Net Current Assets 48,298 4,365 59,144 146,529 6,566 65,556 223,979 1,752,080
Total 1,759,781 111,751 541,147 1,290,149 82,834 3,934,552 9,126,297 26,259,782
(a) Net Assets as per Balance Sheet (Rs. in thousands) 1,759,781 111,751 541,147 1,290,149 82,834 3,934,552 9,126,297 26,259,782
(b) Number of Units Outstanding (in thousands) 137,476 8,781 46,916 106,620 6,672 177,975 332,307 1,944,713
79
80
Interest Income 279 - 265 - 2 151 2 1,933
Dividend Income 7,106 23,320 60,595 1,981 4,205 14,667 1,847 26,318
Profit/(Loss) excluding inter scheme 171,375 235,418 123,354 30,536 17,946 251,463 37,922 458,734
Profit/(Loss) on inter fund transfer/sale of investment (263) (7) (132) 6 12 (215) 4 (172)
Unrealised Gain/(Loss) (175,291) 172,949 (455,741) 6,092 (78,811) (83,303) (10,195) (109,652)
Miscellaneous Income 5,917 1,001 8,332 86 720 7,433 934 11,421
Total Income (A) 9,123 432,681 (263,327) 38,701 (55,926) 190,196 30,514 388,582
EXPENSES
Other charges F -5 10,876 37,234 877,858 1,963 7,374 17,956 1,105 24,358
Total Expenses (B) 28,610 60,516 961,633 3,925 13,304 53,683 3,447 57,692
Net Income/(Loss) for the Year (A-B) (19,487) 372,165 (1,224,960) 34,776 (69,230) 136,513 27,067 330,890
Add: Revenue Account at the beginning of the year (893) 439,152 (7,502) 47,323 3,287 244,433 34,949 520,320
Fund Revenue Account at the end of the year (20,380) 811,317 (1,232,462) 82,099 (65,943) 380,946 62,016 851,210


SOURCES OF FUNDS
Policy Holders Contribution F -1 1,499,414 1,217,355 16,750,358 54,786 1,366,634 973,788 87,721 1,364,051
Revenue Account (20,380) 811,317 (1,232,462) 82,099 (65,943) 380,946 62,016 851,210
Total 1,479,034 2,028,672 15,517,896 136,885 1,300,691 1,354,734 149,737 2,215,261
Investments F -2 1,351,473 1,961,908 13,911,435 134,138 1,130,984 1,330,028 142,176 2,133,680
Current Assets F -3 129,501 76,913 1,913,486 3,254 201,683 56,192 11,192 106,131
Less : Current Liabilities and Provisions F -4 1,940 10,149 307,025 507 31,976 31,486 3,631 24,550
Net Current Assets 127,561 66,764 1,606,461 2,747 169,707 24,706 7,561 81,581
Total 1,479,034 2,028,672 15,517,896 136,885 1,300,691 1,354,734 149,737 2,215,261
(a) Net Assets as per Balance Sheet (Rs. in thousands) 1,479,034 2,028,672 15,517,896 136,885 1,300,691 1,354,734 149,737 2,215,261
(b) Number of Units Outstanding (in thousands) 111,421 72,515 1,022,062 5,564 87,344 64,292 6,345 99,500
st
Particulars Schedule Equity Equity Group Life Liquid Liquid Premier Premier
Plus Plus Debt Long Pension Fund Balanced Balancer
Fund Pension Fund Fund Gain Fund Fund Fund Fund
Interest Income 6,870 525 7 10,093 577 4,158 - -
Dividend Income 104,498 7,875 - - - - - -
Profit/(Loss) excluding inter scheme 1,754,944 163,180 14 831 147 1,163 - -
Profit/(Loss) on inter fund transfer/sale of investment (1,818) (153) - (144) (25) (169) - -
Unrealised Gain/(Loss) (379,292) (39,791) - 514 - - - -
Miscellaneous Income 54,016 3,165 - 2,779 1,854 16,190 - -
Total Income (A) 1,539,218 134,801 21 14,073 2,553 21,342 - -
EXPENSES
Fund Administration Expenses - - - 1,723 - - - -
Fund Management Expenses 212,979 15,276 21 1,379 233 1,956 - -
Other charges F -5 136,331 7,398 - 2,098 1,228 35,540 - -
Total Expenses (B) 349,310 22,674 21 5,200 1,461 37,496 - -
Net Income/(Loss) for the Year (A-B) 1,189,908 112,127 - 8,873 1,092 (16,154) - -
Add: Revenue Account at the beginning of the year 2,231,992 189,942 - 3,232 328 1,832 - -
Fund Revenue Account at the end of the year 3,421,900 302,069 - 12,105 1,420 (14,322) - -


Particulars Schedule Equity Equity Group Life Liquid Liquid Premier Premier
Plus Plus Debt Long Pension Fund Balanced Balancer
Fund Pension Fund Fund Gain Fund Fund Fund Fund
SOURCES OF FUNDS
Policy Holders Contribution F -1 11,072,463 675,071 46,157 167,028 26,486 344,378 77,114 -
Revenue Account 3,421,900 302,069 - 12,105 1,420 (14,322) - -
Total 14,494,363 977,140 46,157 179,133 27,906 330,056 77,114 -
Investments F -2 14,051,881 966,982 - 167,699 24,894 308,451 77,114 -
Current Assets F -3 480,073 11,431 46,157 11,757 3,031 21,845 - -
Less : Current Liabilities and Provisions F -4 37,591 1,273 - 323 19 240 - -
Net Current Assets 442,482 10,158 46,157 11,434 3,012 21,605 - -
Total 14,494,363 977,140 46,157 179,133 27,906 330,056 77,114 -
(a) Net Assets as per Balance Sheet (Rs. in thousands) 14,494,363 977,140 46,157 179,133 27,906 330,056 77,114 -
(b) Number of Units Outstanding (in thousands) 512,035 39,178 4,616 16,692 2,421 28,547 5,799 -
Net Asset Value per unit (a)/(b) (Rs.) * 28.307 24.941 9.999 10.732 11.527 11.562 13.298 -
81
82
Particulars Schedule Premier Premier Premier Premier Premier Premier Pure Pure
Bond Debt Equity Equity Gain Equity Growth Equity Index Equity Stock
Interest Income 12,844 18,222 - 1,187 582 - - -
Dividend Income - - 6,128 7,890 13,086 6,305 6,735 3,017
Profit/(Loss) excluding inter scheme 1,540 2,169 95,626 170,635 273,701 29,830 75,947 21,473
Profit/(Loss) on inter fund transfer/sale of investment 436 (284) 4 (135) (313) (4) (50) (42)
Unrealised Gain/(Loss) 492 1,678 30,164 (57,657) (190,968) 22,798 6,205 (7,008)
Miscellaneous Income 3,530 5,303 184 3,036 7,932 477 3,887 2,523
Total Income (A) 18,842 27,088 132,106 124,956 104,020 59,406 92,724 19,963
EXPENSES
Other charges F -5 2,194 5,440 12,416 20,548 21,036 7,479 55,070 157,290
Total Expenses (B) 7,120 11,064 25,874 42,666 68,815 25,449 63,457 162,772
Net Income/(Loss) for the Year (A-B) 11,722 16,024 106,232 82,290 35,205 33,957 29,267 (142,809)
Add: Revenue Account at the beginning of the year 1,357 9,080 81,177 94,057 25,844 11,342 19,514 225
Fund Revenue Account at the end of the year 13,079 25,104 187,409 176,347 61,049 45,299 48,781 (142,584)

st
Particulars Schedule Premier Premier Premier Premier Premier Premier Pure Pure
Bond Debt Equity Equity Gain Equity Growth Equity Index Equity Stock
SOURCES OF FUNDS
Policy Holders Contribution F -1 163,761 134,655 315,804 647,812 1,852,476 941,738 614,405 807,709
Revenue Account 13,079 25,104 187,409 176,347 61,049 45,299 48,781 (142,584)
Total 176,840 159,759 503,213 824,159 1,913,525 987,037 663,186 665,125
Investments F -2 169,260 154,350 503,655 837,409 1,911,964 941,037 629,414 623,762
Current Assets F -3 7,982 6,646 614 680 54,043 58,423 35,535 44,718
Less : Current Liabilities and Provisions F -4 402 1,237 1,056 13,930 52,482 12,423 1,763 3,355
Net Current Assets 7,580 5,409 (442) (13,250) 1,561 46,000 33,772 41,363
Total 176,840 159,759 503,213 824,159 1,913,525 987,037 663,186 665,125
(a) Net Assets as per Balance Sheet (Rs. in thousands) 176,840 159,759 503,213 824,159 1,913,525 987,037 663,186 665,125
(b) Number of Units Outstanding (in thousands) 15,941 13,968 30,991 56,970 145,581 66,708 45,632 47,150

Particulars Schedule Secure Stable Total
Fund Fund

Interest Income 1,778 35,668 514,696
Dividend Income 4 549 557,070
Profit/(Loss) excluding inter scheme 234 46,587 7,367,902
Profit/(Loss) on inter fund transfer/sale of investment (406) (3) (31,320)
Unrealised Gain/(Loss) (1,376) (34,893) (3,008,441)
Miscellaneous Income 168 5,090 631,378
Total Income (A) 402 52,998 6,031,285
EXPENSES
Fund Administration Expenses - - 214,789
Fund Management Expenses 300 6,676 1,136,895
Other charges F -5 - - 4,116,947
Total Expenses (B) 300 6,676 5,468,631
Net Income/(Loss) for the Year (A-B) 102 46,322 562,654
Add: Revenue Account at the beginning of the year 458 11,462 6,806,093
Fund Revenue Account at the end of the year 560 57,784 7,368,747


Particulars Schedule Secure Stable Total
Fund Fund
SOURCES OF FUNDS
Policy Holders Contribution F -1 341,730 1,615,633 102,172,950
Revenue Account 560 57,784 7,368,747
Total 342,290 1,673,417 109,541,697
Investments F -2 173,178 1,683,405 102,665,940
Current Assets F -3 189,578 44,310 8,138,046
Less : Current Liabilities and Provisions F -4 20,466 54,298 1,262,289
Net Current Assets 169,112 (9,988) 6,875,757
Total 342,290 1,673,417 109,541,697
(a) Net Assets as per Balance Sheet (Rs. in thousands) 342,290 1,673,417
(b) Number of Units Outstanding (in thousands) 26,166 128,396
Net Asset Value per unit (a)/(b) (Rs.) * 13.081 13.033
83
84
Particulars Accelerated Acc Mid Cap Acc Mid Cap Asset Asset Balanced Balanced Balanced Balancer
Opening Balance 63,872 73,780 734,229 - - 1,453,287 1,025,949 100,613 35,054

Add : Addition during the year 9,957 160,613 2,139,363 11,181,691 296,392 880,136 902,016 67,258 -
Less : Deduction during the year 23,726 50,693 310,342 338,915 8,134 830,320 1,004,734 47,891 35,054
Closing Balance 50,103 183,700 2,563,250 10,842,776 288,258 1,503,103 923,231 119,980 -

Particulars Balancer Bond Bond Capital Capital Capital Cash Cash Cash
Pension Fund Pension Guarantee Guarantee Guarantee Fund Plus Plus
Fund Fund Fund- 2012 Fund- 2014 Fund- 2017 Fund Pension Fund
Opening Balance 6,586 401,846 34,571 83,047 5,829 40,789 871,587 1,546,672 116,682
Add : Addition during the year - 1,620,749 241,944 32,647 2,279 11,440 1,123,205 2,811,423 203,606
Less : Deduction during the year 6,586 768,777 184,770 4,474 312 1,846 1,138,433 2,981,400 234,072
Closing Balance - 1,253,818 91,745 111,220 7,796 50,383 856,359 1,376,695 86,216

Particulars Debt Debt Debt Plus Equity Equity Equity Equity Growth Equity Equity
Fund Plus Pension Fund Gain Growth Pension Index Index
Fund Fund Fund Fund Fund Fund Fund - II
Opening Balance 414,657 611,762 52,058 1,786,198 5,020,355 9,408,208 642,292 890,746 2,694,186
Add : Addition during the year 594,019 2,050,452 95,359 1,796,614 5,258,235 22,284,570 1,232,553 1,117,485 15,352,662
Less : Deduction during the year 601,141 1,550,845 81,717 1,731,320 3,029,579 3,672,095 375,431 790,876 1,296,490
Closing Balance 407,535 1,111,369 65,700 1,851,492 7,249,011 28,020,683 1,499,414 1,217,355 16,750,358

Particulars Equity Index Equity Index Equity Equity Midcap Equity Midcap Equity Equity Plus Group Life Long
Pension Pension Midcap Pension Plus Plus Pension Debt Gain
Fund Fund - II Fund Fund Fund Fund Fund Fund Fund
Opening Balance 71,479 170,124 800,641 93,463 1,370,130 9,294,510 741,150 - 107,338
Add : Addition during the year 52,520 1,353,020 771,464 104,532 1,174,204 9,343,712 440,043 46,157 120,115
Less : Deduction during the year 69,213 156,510 598,317 110,274 1,180,283 7,565,759 506,122 - 60,425
Closing Balance 54,786 1,366,634 973,788 87,721 1,364,051 11,072,463 675,071 46,157 167,028

Particulars Liquid Liquid Premier Premier Premier Premier Premier Premier Premier
Pension Fund Balanced Balancer Bond Debt Equity Equity Equity Growth
Fund Fund Fund Fund Fund Fund Gain Fund Fund
Opening Balance 11,118 105,952 85,702 18,894 97,903 157,545 430,308 873,552 1,223,232
Add : Addition during the year 52,004 386,247 35,075 - 304,524 402,313 150,344 277,953 877,414
Less : Deduction during the year 36,636 147,821 43,663 18,894 238,666 425,203 264,848 503,693 248,170
Closing Balance 26,486 344,378 77,114 - 163,761 134,655 315,804 647,812 1,852,476

Particulars Premier Pure Pure Secure Stable Total
Equity Index Equity Stock Fund Fund
Fund Fund Fund
Opening Balance 366,910 371,812 127,735 5,846 422,109 45,062,308

Add : Addition during the year 673,399 400,551 785,641 337,747 1,246,571 90,802,218
Less : Deduction during the year 98,571 157,958 105,667 1,863 53,047 33,691,576
Closing Balance 941,738 614,405 807,709 341,730 1,615,633 102,172,950
85
86
Particulars Accelerated Acc Mid Cap Acc Mid Cap Asset Asset Bond Bond Capital Capital Capital
Fund Pension Fund Allocation Allocation Fund Pension Guarantee Guarantee Guarantee
Government Bonds 947 - - 211,773 7,982 51,724 4,950 33,994 1,818 12,795
Corporate Bonds 11,548 5 23 1,034,054 14,121 360,502 21,380 47,387 1,132 3,210
Infrastructure Bonds 5,068 - - 2,006,876 45,400 418,853 43,653 3,312 2,480 13,357
Equity 23,299 148,353 1,722,045 3,805,051 88,253 - - 23,082 1,951 19,226
Money Market 8,897 36,037 358,225 933,495 31,353 167,121 9,674 642 196 -
Mutual Fund - - - - - - - - - -
Bank Fixed Deposits 11,200 - - 23,500 - 85,450 12,500 - - -
Total 60,959 184,395 2,080,293 8,014,749 187,109 1,083,650 92,157 108,417 7,577 48,588
OTHER INVESTMENTS
Equity 3,072 12,192 183,967 583,180 13,139 - - 6,505 549 5,419
Money Market - - - - - - - - - -
Mutual Fund - - 77,061 289,709 - - - - - -
Total 3,072 12,192 261,028 872,889 13,139 - - 6,505 549 5,419
Grand Total 64,031 196,587 2,341,321 8,887,638 200,248 1,083,650 92,157 114,922 8,126 54,007
Particulars Cash Cash Cash Debt Debt Debt Equity Equity Equity Equity
Fund Plus Plus Fund Plus Plus Fund Gain Growth Growth
Fund Pension Fund Fund Pension Fund Fund Fund Pension Fund
Government Bonds - - - 23,937 76,894 14,148 - - 19,300 -
Corporate Bonds - - - 258,766 466,974 27,914 - - - -
Infrastructure Bonds - - - 573,889 543,542 52,625 - - - -
Equity - - - - - - 3,658,565 7,408,511 17,263,564 999,000
Money Market 713,418 1,327,583 55,087 161,537 251,116 16,923 17,379 431,035 4,107,903 195,615
Mutual Fund - - - - - - - - - -
Bank Fixed Deposits 243,550 383,900 52,300 128,950 229,200 22,950 - - - -
Total 956,968 1,711,483 107,387 1,147,079 1,567,726 134,560 3,675,944 7,839,546 21,390,767 1,194,615
OTHER INVESTMENTS
Equity - - - - - - 1,031,008 1,026,748 2,843,179 146,851
Money Market - - - - - - - - - -
Mutual Fund - - - - - - - 36,024 273,756 10,007
Total - - - - - - 1,031,008 1,062,772 3,116,935 156,858
Grand Total 956,968 1,711,483 107,387 1,147,079 1,567,726 134,560 4,706,952 8,902,318 24,507,702 1,351,473
87
88
Particulars Equity Equity Equity Equity Index Equity Equity Equity Equity Equity Group
Index Index Index Pension Midcap Midcap Midcap Plus Plus Debt
Fund Fund - II Pension Fund Fund - II Fund Pension Fund Plus Fund Fund Pension Fund Fund
Government Bonds - - - - - - - - - -
Corporate Bonds - - - - 17 3 29 - - -
Equity 1,909,657 10,597,190 152,162 856,043 1,005,241 115,547 1,583,731 11,898,094 774,145 -
Money Market 13,079 323,424 775 33,277 171,529 16,040 270,434 253,961 82,785 -
Mutual Fund - - - - - - - - - -
Bank Fixed Deposits - - - - - - - - - -
Total 1,922,736 10,920,614 152,937 889,320 1,176,787 131,590 1,854,194 12,152,055 856,930 -
OTHER INVESTMENTS
Equity 538,287 2,990,821 42,886 241,664 131,224 10,586 210,431 1,589,415 110,052 -
Money Market - - - - - - - - - -
Mutual Fund - - - - 22,017 - 69,055 310,411 - -
Total 538,287 2,990,821 42,886 241,664 153,241 10,586 279,486 1,899,826 110,052 -
Grand Total 2,461,023 13,911,435 195,823 1,130,984 1,330,028 142,176 2,133,680 14,051,881 966,982 -
Particulars Life Liquid Liquid Premier Premier Premier Premier Premier Premier Pure
Long Pension Fund Bond Debt Equity Equity Equity Equity Equity
Gain Fund Fund Fund Fund Gain Fund Growth Fund Index Fund Fund
Government Bonds 13,846 - - 6,191 16,516 - 6,700 - - -
Corporate Bonds 56,846 - - 78,937 87,941 - - - - -
Infrastructure Bonds 64,258 - - 50,896 45,091 - - - - -
Equity - - - - - 421,765 712,883 1,597,406 724,454 508,487
Money Market 18,049 16,194 249,301 22,536 21,460 1,145 26,000 168,933 12,234 54,335
Mutual Fund - - - - - - - - - -
Bank Fixed Deposits 14,700 8,700 59,150 10,700 22,350 - - - - -
Total 167,699 24,894 308,451 169,260 193,358 422,910 745,583 1,766,339 736,688 562,822
OTHER INVESTMENTS
Equity - - - - - 118,852 91,826 141,822 204,349 66,592
Money Market - - - - - - - - - -
Mutual Fund - - - - - - - 3,803 - -
Total - - - - - 118,852 91,826 145,625 204,349 66,592
Grand Total 167,699 24,894 308,451 169,260 193,358 541,762 837,409 1,911,964 941,037 629,414
89
90
Particulars Pure Secure Stable Total
Stock Fund Fund
Fund
Government Bonds - 90,633 124,470 718,618
Corporate Bonds - 14,132 229,271 2,714,192
Infrastructure Bonds - 33,313 478,812 4,381,425
Equity 508,435 4,849 181,157 68,712,146
Money Market 49,833 18,320 236,976 10,883,856
Mutual Fund - - - -
Bank Fixed Deposits - 11,500 379,200 1,699,800
Total 558,268 172,747 1,629,886 89,110,037
OTHER INVESTMENTS
Corporate Bonds - - - -
Infrastructure Bonds - - - -
Equity 65,494 431 53,519 12,464,060
Money Market - - - -
Mutual Fund - - - 1,091,843
Total 65,494 431 53,519 13,555,903
Grand Total 623,762 173,178 1,683,405 102,665,940
% of Approved to Total 89.50% 99.75% 96.82% 86.80%

% of Other than Approved to Total 10.50% 0.25% 3.18% 13.20%

Accured Interest 1,694 - - 97,368 2,235 - - - -

Cash and bank balance 1,767 13,853 194,664 1,373,292 91,588 71 9 2 -
Dividend Receivable - 188 1,537 2,425 15 - - - -
Receivables for Sale of Investments - 1,946 15,136 16,333 - - - - -
Total 3,461 15,987 211,337 1,489,418 93,838 71 9 2 -


Accured Interest - 30,706 2,713 2,464 143 405 7,238 849 3,586
Cash and bank balance - 72,078 8,758 61 49 627 20,340 48,472 845
Dividend Receivable - - - 9 1 7 - - -
Receivables for Sale of Investments - 12,265 - - - - - - -
Total - 115,049 11,471 2,534 193 1,039 27,578 49,321 4,431
91
92
Accured Interest 39,212 46,915 4,572 - - 1,239 - - -

Cash and bank balance 22,132 100,497 2,075 80,736 241,016 2,032,570 129,501 76,201 1,910,093
Dividend Receivable - - - 1,378 - - - 712 3,393
Receivables for Sale of Investments 8,177 10,221 - - 3,835 2,557 - - -
Total 69,521 157,633 6,647 82,114 244,851 2,036,366 129,501 76,913 1,913,486


Particulars Equity Equity Equity Equity Equity Equity Equity Group Life
Index Index Pension Midcap Midcap Midcap Plus Plus Debt Long
Pension Fund Fund - II Fund Pension Fund Plus Fund Fund Pension Fund Fund Gain Fund
Accured Interest - - - - - - - - 5,787

Cash and bank balance 3,197 201,418 32,386 9,067 74,553 473,492 11,431 46,157 5,970
Dividend Receivable 57 265 501 179 921 - - - -
Receivables for Sale of Investments - - 23,305 1,946 30,657 6,581 - - -
Total 3,254 201,683 56,192 11,192 106,131 480,073 11,431 46,157 11,757

Pension Fund Balanced Balancer Bond Debt Equity Equity Equity
Fund Fund Fund Fund Fund Fund Gain Fund Growth Fund
Accured Interest 855 4,248 - - 5,520 6,646 - 430 -

Cash and bank balance 2,176 17,597 - - 2,462 - 450 250 54,043
Dividend Receivable - - - - - - 164 - -
Receivables for Sale of Investments - - - - - - - - -
Total 3,031 21,845 - - 7,982 6,646 614 680 54,043


Equity Equity Stock Fund Fund
Index Fund Fund Fund
Accured Interest - - - 3,811 43,520 312,156

Cash and bank balance 58,172 30,657 38,151 165,325 790 7,649,041
Dividend Receivable 251 481 406 - - 12,890
Receivables for Sale of Investments - 4,397 6,161 20,442 - 163,959
Unit Collection A/c - - - - - -
Other Current Assets (For Investments) : - - - - - -
Application Money - - - - - -
Total 58,423 35,535 44,718 189,578 44,310 8,138,046
93
94
Payable for purchase of Investments - 8,729 37,720 224,567 7,581 - - - -

Other Current Liabilities: 66 268 3,195 8,345 146 - - - -
Unit Payable A/c - - - - - - - - -
Total 66 8,997 40,915 232,912 7,727 - - - -

Payable for purchase of Investments - 7,120 5,086 - - - - - -

Other Current Liabilities: - 862 64 125 9 59 1,858 1,023 66

Unit Payable A/c - - - - - - - - -
Total - 7,982 5,150 125 9 59 1,858 1,023 66

Payable for purchase of Investments 8,137 10,171 - 7,523 - 249,932 - 8,026 293,817
Other Current Liabilities: 2,240 933 81 9,035 20,872 34,354 1,940 2,123 13,208
Unit Payable A/c - - - - - - - - -
Total 10,377 11,104 81 16,558 20,872 284,286 1,940 10,149 307,025


Particulars Equity Equity Equity Equity Equity Equity Equity Group Life Long
Index Index Pension Midcap Midcap Midcap Plus Plus Debt Gain
Payable for purchase of Investments 341 30,928 28,413 3,446 21,836 19,488 - - -
Other Current Liabilities: 166 1,048 3,073 185 2,714 18,103 1,273 - 323
Unit Payable A/c - - - - - - - - -
Total 507 31,976 31,486 3,631 24,550 37,591 1,273 - 323

Pension Fund Balanced Balancer Bond Debt Equity Equity Equity
Fund Fund Fund Fund Fund Fund Gain Fund Growth Fund
Payable for purchase of Investments - - - - - - - 12,277 48,149

Other Current Liabilities: 19 240 - - 402 1,237 1,056 1,653 4,333
Unit Payable A/c - - - - - - - - -
Total 19 240 - - 402 1,237 1,056 13,930 52,482

Equity Equity Stock Fund Fund
Index Fund Fund Fund
Payable for purchase of Investments 10,348 983 2,458 20,343 53,457 1,120,876
Other Current Liabilities: 2,075 780 897 123 841 141,413
Unit Payable A/c - - - - - -
Total 12,423 1,763 3,355 20,466 54,298 1,262,289
95
96
Particulars Accelerated Acc Mid Cap Acc Mid Cap Asset Asset Bond Bond Capital Capital
Fund Pension Fund Allocation Allocation Fund Pension Guarantee Guarantee
Fund Fund Pension Fund Fund Fund- 2012 Fund- 2014
Policy Administration Charge - 897 86,755 186,999 - 64,016 879 1,602 104
Switching Charge - 1 2 - - 32 12 - -
Mortality Charge - 9 74,532 59,044 255 48,713 2 1,298 101
Rider Premium Charge - 1 12,684 4,475 17 22,490 - - -
Miscellaneous Charge - 15 182 - - 87 8 13 1
Total - 923 174,155 250,518 272 135,338 901 2,913 206


Particulars Capital Cash Cash Cash Debt Debt Debt Equity Equity
Guarantee Fund Plus Plus Fund Plus Plus Fund Gain
Fund- 2017 Fund Pension Fund Fund Pension Fund Fund
Policy Administration Charge 759 - 4,263 712 - 6,799 962 - -

Switching Charge - 318 2,035 110 107 983 194 88 444
Mortality Charge 551 15,940 11,172 348 14,418 12,827 545 38,890 70,879
Rider Premium Charge - 6,741 1,750 42 3,986 2,066 86 11,847 18,467
Miscellaneous Charge 6 555 957 200 673 770 221 2,606 4,726
Total 1,316 23,554 20,177 1,412 19,184 23,445 2,008 53,431 94,516

Particulars Equity Equity Equity Equity Equity Equity Equity Equity Equity
Growth Growth Index Index Index Index Pension Midcap Midcap Midcap
Fund Pension Fund Fund Fund - II Pension Fund Fund - II Fund Pension Fund Plus Fund
Policy Administration Charge 978,013 10,648 13,995 500,668 1,069 7,119 - 668 7,134
Switching Charge 16 6 609 21 41 5 25 2 94
Mortality Charge 754,681 77 17,992 320,266 482 190 13,296 172 12,790
Rider Premium Charge 134,903 5 3,414 56,164 125 11 3,907 28 3,178
Miscellaneous Charge 2,273 140 1,224 739 246 49 728 235 1,162
Total 1,869,886 10,876 37,234 877,858 1,963 7,374 17,956 1,105 24,358


Particulars Equity Equity Group Life Long Liquid Liquid Premier Premier Premier
Plus Plus Debt Gain Pension Fund Bond Debt Equity
Fund Pension Fund Fund Fund Fund Fund Fund Fund
Policy Administration Charge 33,746 5,077 - - 1,224 16,568 1,283 4,378 10,176
Switching Charge 3,227 226 - - - 6 11 16 12
Mortality Charge 73,627 1,322 - 1,878 1 13,055 878 727 1,925
Rider Premium Charge 18,235 281 - - - 5,888 - - -
Miscellaneous Charge 7,496 492 - 220 3 23 22 319 303
Total 136,331 7,398 - 2,098 1,228 35,540 2,194 5,440 12,416
97
98
Particulars Premier Premier Premier Pure Pure Secure Stable Total
Equity Equity Equity Equity Stock Fund Fund
Gain Fund Growth Fund Index Fund Fund Fund
Policy Administration Charge 16,485 12,584 4,627 36,235 107,253 - - 2,123,697

Surrender Charge - - - - - - - -
Switching Charge 5 8 4 - - - - 8,660
Mortality Charge 3,526 8,151 2,748 16,507 41,826 - - 1,635,641
Rider Premium Charge - - - 2,049 8,177 - - 321,017
Partial Withdrawal Charge - - - - - - - -
Miscellaneous Charge 532 293 100 279 34 - - 27,932
Total 20,548 21,036 7,479 55,070 157,290 - - 4,116,947

BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED Appendix III Refer Schedule 16 Note 24 Annual Report 2008-2009
Appendix III Refer Schedule 16 Note 24
Schedules forming part of financial statements for year ended 31st March 2009
Disclosure for Unit Linked Business as per Unit Linked Disclosure Norms:
I. Performance of Fund: Refer Enclosure “A”
I. Investment Management
i) Activities outsourced: Fund Accounting (Part of the year).
ii) Fess paid for various activities charged to Policyholders' account: Refer Enclosure “B”.
iii) Basis of Payment of Fees: Refer Enclosure “B”.
II. Related party transactions

i) During the year no brokerage, custodial fees and any other payments and receipts made to/from related
parties (Previous year: NIL).
ii) Company wise details of investments held in the promoter group along with its percentage to funds under
management: As on 31st March 09 no investments is held in the promoter group (Previous year NIL)
III. Industry wise Disclosure of Investment: Refer Enclosure “C”.
IV. Unclaimed redemption of Units: As on 31st March 09 there is no unclaimed redemption of units.
V. Highest, Lowest and Closing NAV at the end of the year: Refer Enclosure “D”.
VI. Expenses Charged to Fund (percentage basis) :
i) Annualized expense ratio to average daily assets of the Fund: Refer Enclosure “E”
VII. Ratio of Gross income to average daily net assets: Refer Enclosure “F”
VIII.There are no doubtful debts on assets as on 31st March 09.
IX. Disclosure of appreciation and/or depreciation in value of investments: Refer Enclosure “G”
99
Enclosure A : Performance of Fund (Absolute Growth %)
Fund Names Date of Current Year Since

Inception 2008-09 (%) 2007-08 (%) 2006-07 (%) Inception (%)
Accelerated Fund 18-Nov-04 (2.42) 19.43 6.78 42.18
Acc Mid Cap Pension Fund 24-Jul-06 (41.49) 27.58 18.99 (11.18)
Acc Mid Cap Fund 24-Jul-06 (41.27) 23.31 22.39 (11.37)
Asset Allocation Fund 28-Sep-07 (8.12) 0.04 NA (8.08)
Asset Allocation Pension Fund 28-Jan-08 (8.37) (3.44) NA (11.52)
Balanced Fund 15-Jan-04 (15.64) 15.44 7.56 34.44
Balanced Plus Fund 23-Jul-04 (12.56) 15.63 8.36 55.96
Balanced Plus Pension Fund 18-Nov-04 (11.93) 16.30 9.10 48.65
Bond Fund 10-Jul-06 13.22 9.54 4.15 29.17
Bond Pension Fund 24-Jul-06 14.26 10.55 4.46 31.95
Capital Guarantee Fund- 2012 11-Jan-07 (0.89) 9.90 (0.66) 8.92
Capital Shield Fund- I 24-Nov-08 4.59 - NA 4.59
Capital Shield Fund- II 24-Nov-08 3.98 - NA 3.98
Cash Fund 15-Jan-04 9.12 8.63 5.39 32.93
Cash Plus Fund 23-Jul-04 10.73 10.19 6.99 41.89
Cash Plus Pension Fund 18-Nov-04 10.77 10.87 7.18 41.11
Debt Fund 15-Jan-04 11.45 8.77 3.60 28.29
Debt Plus Fund 23-Jul-04 13.99 10.21 5.06 37.45
Debt Plus Pension Fund 18-Nov-04 13.26 10.40 5.61 40.38
Equity Fund 15-Jan-04 (36.44) 21.85 11.67 41.42
Equity Gain Fund 23-Jul-04 (30.48) 12.89 4.95 91.86
Equity Growth Fund 24-Jul-06 (34.55) 14.34 18.45 (11.36)
Equity Growth Pension Fund 24-Jul-06 (34.41) 12.20 18.66 (12.68)
Equity Index Fund 23-Jul-04 (35.57) 23.62 12.47 81.90
Equity Index Fund - II 24-Jul-06 (35.59) 22.93 23.87 (1.92)
Equity Index Pension Fund 18-Nov-04 (35.62) 23.21 13.08 59.82
Equity Index Pension Fund - II 24-Jul-06 (35.64) 22.82 21.58 (3.89)
Equity Midcap Fund 9-Mar-05 (31.01) 15.31 4.20 46.09
Equity Midcap Pension Fund 9-Mar-05 (29.05) 21.96 6.80 68.23
Equity Midcap Plus Fund 9-Mar-05 (30.89) 18.45 5.11 54.61
Equity Plus Fund 23-Jul-04 (29.76) 12.97 6.11 99.81
Equity Plus Pension Fund 18-Nov-04 (27.68) 13.51 7.08 81.27
Group Debt Fund 26-Mar-08 12.59 - NA 12.59
Group Liquid Fund 3-Nov-08 5.17 - NA 5.17
Group Short Term Debt Fund 28-Feb-09 0.18 - NA 0.18
Life Long Gain Fund 23-Jul-04 11.20 8.49 4.30 19.44
Liquid Pension Fund 24-Jul-06 10.57 9.96 4.84 27.46
Liquid Fund 10-Jul-06 10.38 9.97 5.15 27.63
Premier Balanced Fund 17-Dec-05 (12.31) 13.99 7.25 16.60
Premier Bond Fund 21-Jul-06 10.62 7.94 2.79 22.73
Premier Debt Fund 17-Dec-05 11.68 8.43 4.11 27.90
Premier Equity Fund 17-Dec-05 (36.48) 21.99 11.34 3.71
Premier Equity Gain Fund 17-Dec-05 (28.62) 9.14 5.20 3.78
Premier Equity Growth Fund 24-Jul-06 (36.92) 9.42 20.51 (16.82)
Premier Equity Index Fund 24-Jul-06 (36.82) 21.24 22.42 (6.23)
Pure Equity Fund 17-Dec-05 (17.04) 19.38 (0.38) 21.14
Pure Stock Fund 21-Jul-06 (17.88) 24.49 13.66 16.20
Pure Stock Pension Fund 17-Apr-08 (19.66) - NA (19.66)
Secure Fund 15-Oct-04 3.69 16.47 6.31 35.75
Stable Fund 15-Sep-04 1.48 14.25 4.46 32.46
100
Enclosure B: Fees Charged to Policyholders' Account
2008-09 2007-08
Particulars Fund Fund Miscella- Miscella- Policy Switching Mortality Rider Fund Fund Miscella- Policy Switching Mortality Rider
Manage- Admini- neous neous Admini- Charge Charge Premium Manage- Admini- neous Admini- Charge Charge Premium
ment stration Charge Charge stration Charge ment stration Charge stration Charge
Expenses Expenses -Service Charge Expenses Expenses Charge
Tax
Accelerated Fund 662 - - 32 - - - - 853 - - - - - -
Acc Mid Cap Pension Fund 3,062 - 16 290 2,238 - 83 7 2,285 - 15 897 1 9 1
Acc Mid Cap Fund 44,674 - 213 27,488 138,126 - 105,768 14,324 24,749 - 182 86,755 2 74,532 12,684
Asset Allocation Fund 153,141 - 948 339,653 880,968 - 266,848 18,656 23,419 - - 186,999 - 59,044 4,475
Asset Allocation Pension Fund 5,267 - 32 2,581 13,132 - 2,217 111 186 - - - - 255 17
Balanced Fund - - - - - - - - - - - - - - -
Balanced Plus Fund - - - - - - - - - - - - - - -
Balanced Plus Pension Fund - - - - - - - - - - - - - - -
Bond Fund 16,715 - 118 40,231 106,285 10 70,532 23,887 7,317 - 87 64,016 32 48,713 22,490
Bond Pension Fund 1,525 - 9 1,009 1,963 4 59 4 638 - 8 879 12 2 -
Capital Guarantee Fund- 2012 1,400 - 9 279 2,300 - 1,774 - 1,334 - 13 1,602 - 1,298 -
Capital Guarantee Fund- 2014 97 - 1 20 150 - 140 - 95 - 1 104 - 101 -
Capital Guarantee Fund- 2017 621 - 4 120 1,089 - 744 - 654 - 6 759 - 551 -
Capital Shield Fund- I 4,402 - - 508 - - - - - - - - - - -
Capital Shield Fund- II 1,430 - - 156 - - - - - - - - - - -
Cash Fund 10,291 12,863 123 4,140 1 175 33,931 13,678 9,971 12,533 555 - 318 15,940 6,741
Cash Plus Fund 10,262 - 314 2,258 11,210 845 84,188 3,188 13,086 - 957 4,263 2,035 11,172 1,750
Cash Plus Pension Fund 731 - 9 117 4,248 61 1,071 97 1,091 - 200 712 110 348 42
Debt Fund 12,354 15,442 285 3,858 - 36 35,631 9,889 12,076 15,182 673 - 107 14,418 3,986
Debt Plus Fund 9,477 - 302 3,555 15,369 206 14,128 3,607 10,242 - 770 6,799 983 12,827 2,066
Debt Plus Pension Fund 975 - 11 185 2,326 44 1,476 193 849 - 221 962 194 545 86
Equity Fund 38,343 47,929 1,066 9,963 - 56 96,082 25,180 48,255 60,602 2,606 - 88 38,890 11,847
Equity Gain Fund 116,875 97,396 2,012 23,442 - 185 225,493 32,085 129,715 108,475 4,726 - 444 70,879 18,467
Equity Growth Fund 503,160 - 2,417 392,524 1,664,593 4 1,157,353 154,122 297,704 - 2,273 978,013 16 754,681 134,903
Equity Growth Pension Fund 24,333 - 124 3,014 20,202 2 784 35 17,734 - 140 10,648 6 77 5
Equity Index Fund 20,760 - 504 5,058 31,352 318 23,572 5,694 23,282 - 1,224 13,995 609 17,992 3,414
Equity Index Fund - II 231,794 - 1,506 547,634 1,551,312 8 858,700 130,125 83,775 - 739 500,668 21 320,266 56,164
Equity Index Pension Fund 1,554 - 15 206 2,720 15 1,392 266 1,962 - 246 1,069 41 482 125
Equity Index Pension Fund - II 17,359 - 119 4,776 26,520 2 2,015 96 5,930 - 49 7,119 5 190 11
Equity Midcap Fund 17,368 14,473 288 3,659 - 27 33,759 7,063 19,453 16,274 728 - 25 13,296 3,907
Equity Midcap Pension Fund 1,773 - 11 112 - 2 349 53 2,342 - 235 668 2 172 28
Equity Midcap Plus Fund 27,119 - 479 3,913 16,042 90 16,035 5,409 33,334 - 1,162 7,134 94 12,790 3,178
Equity Plus Fund 180,803 - 3,056 28,492 122,616 967 199,382 28,946 212,979 - 7,496 33,746 3,227 73,627 18,235
Equity Plus Pension Fund 11,955 - 143 987 13,855 125 3,881 571 15,276 - 492 5,077 226 1,322 281
Group Debt Fund 5,164 - - 507 - - - - 21 - - - - - -
Group Liquid Fund 244 - - 29 - - - - - - - - - - -
Group Short Term Debt Fund 7 - - 1 - - - - - - - - - - -
Life Long Gain Fund 1,852 2,315 16 493 - - 4,522 - 1,379 1,723 220 - - 1,878 -
Liquid Pension Fund 317 - 2 75 1,030 - 7 - 233 - 3 1,224 - 1 -
Liquid Fund 4,522 - 34 22,530 30,108 2 20,270 7,014 1,956 - 23 16,568 6 13,055 5,888
Premier Balanced Fund - - - - - - - - - - - - - - -
Premier Bond Fund 5,429 - 15 669 1,954 3 1,353 - 4,926 - 22 1,283 11 878 -
Premier Debt Fund 3,184 - 11 325 4,139 18 3,273 - 5,624 - 319 4,378 16 727 -
Premier Equity Fund 9,412 - 122 863 9,781 4 4,499 - 13,458 - 307 10,175 12 1,921 -
Premier Equity Gain Fund 14,251 - 92 1,424 15,538 8 6,408 - 22,115 - 532 16,485 5 3,526 -
Premier Equity Growth Fund 43,197 - 148 3,687 21,457 1 15,116 - 47,783 - 293 12,584 8 8,151 -
Premier Equity Index Fund 24,396 - 83 2,085 9,435 1 6,530 - 17,970 - 100 4,627 4 2,748 -
Pure Equity Fund 9,642 - 143 5,017 77,826 - 31,853 3,168 8,387 - 279 36,235 - 16,507 2,049
Pure Stock Fund 14,371 - 59 29,306 185,033 - 67,718 9,042 5,482 - 30 107,254 - 41,830 8,177
Pure Stock Pension Fund 63 - 0 22 38 - 3 - - - - - - - -
Secure Fund 4,511 - - 271 - - - - 300 - - - - - -
Stable Fund 11,761 - - 205 - - - - 6,675 - - - - - -
Total 1,622,605 190,418 14,860 1,517,770 4,984,956 3,219 3,398,939 496,510 1,136,895 214,789 27,932 2,123,697 8,660 1,635,641 321,017
Basis of Payment of Fees

Fund Management Expenses % of NAV
Fund Administration Expenses % of NAV/Fixed Amount
Misc. Charge % of Assets Under Management
Misc. Charge-Service Tax Applicable rate of Service Tax on Charges
Policy Administration Charge Charges applicable p.a.
Switching Charge Expense per switch
Mortality Charge As per mortality table
Rider Premium Charge As per rider charges in the policy documents
101
Enclosure C : Summary of Industry Wise Disclosure of Investments
Industry F.Y.2008-09 F.Y.2007-08

Amt in Rs. '000 Exposure (%) Amt in Rs. '000 Exposure (%)
Banking Service Industry - Fixed Deposit 3,745,028 2.77 1,699,800 1.66
Banking Service Industry - Other Than Fixed Deposit 24,657,275 18.21 17,140,807 16.70
Others 107,004,714 79.02 83,825,333 81.65
Total 135,407,017 100 102,665,940 100
Note : - Industry Exposure does not include cash element
Fundwise Industrywise Disclosure of Investments

F.Y. 2008-09 F.Y. 2007-08
Portfolio Name Banking Services Others Banking Services Others
Industry Industry
Amt in Rs. '000 Exposure (%) Amt in Rs. '000 Exposure (%) Amt in Rs. '000 Exposure (%) Amt in Rs. '000 Exposure (%)
Accelerated Fund 1,085 - 17,051 0.02 24,555 0.13 39,477 0.05
Acc Mid Cap Pension Fund 38,363 0.14 145,893 0.14 45,427 0.24 151,160 0.18
Acc Mid Cap Fund 705,113 2.48 2,657,922 2.48 551,818 2.93 1,789,503 2.13
Asset Allocation Fund 5,875,230 20.69 11,392,662 10.65 1,529,470 8.12 7,358,169 8.78
Asset Allocation Pension Fund 132,917 0.47 571,109 0.53 35,962 0.19 164,285 0.20
Bond Fund 510,341 1.80 2,482,007 2.32 424,551 2.25 659,099 0.79
Bond Pension Fund 47,301 0.17 304,519 0.28 42,391 0.22 49,767 0.06
Capital Guarantee Fund- 2012 2,263 0.01 107,683 0.10 3,220 0.02 111,702 0.13
Capital Guarantee Fund- 2014 148 - 7,359 0.01 413 - 7,713 0.01
Capital Guarantee Fund- 2017 2,607 0.01 44,724 0.04 2,148 0.01 51,859 0.06
Capital Shield Fund- I 199,664 0.70 536,277 0.50 - - - -
Capital Shield Fund- II 61,670 0.22 342,756 0.32 - - - -
Cash Fund 858,437 3.02 268,386 0.25 866,788 4.60 90,180 0.11
Cash Plus Fund 1,051,588 3.70 346,659 0.32 1,608,112 8.54 103,371 0.12
Cash Plus Pension Fund 70,989 0.25 25,132 0.02 96,920 0.51 10,467 0.01
Debt Fund 56,305 0.20 1,243,406 1.16 372,015 1.97 775,063 0.92
Debt Plus Fund 159,212 0.56 1,291,850 1.21 579,312 3.07 988,415 1.18
Debt Plus Pension Fund 15,571 0.05 130,696 0.12 57,746 0.31 76,814 0.09
Equity Fund 309,692 1.09 2,936,399 2.74 424,393 2.25 4,282,561 5.11
Equity Gain Fund 1,340,982 4.72 5,938,436 5.55 1,036,647 5.50 7,865,672 9.38
Equity Growth Fund 9,193,384 32.37 27,883,179 26.06 5,102,943 27.08 19,404,759 23.15
Equity Growth Pension Fund 378,534 1.33 1,204,027 1.13 247,758 1.32 1,103,715 1.32
Equity Index Fund 166,670 0.59 1,604,419 1.50 224,645 1.19 2,236,379 2.67
Equity Index Fund - II 2,921,266 10.29 25,361,452 23.70 1,476,620 7.84 12,434,805 14.83
Equity Index Pension Fund 12,874 0.05 122,801 0.11 17,673 0.09 178,149 0.21
Equity Index Pension Fund - II 194,214 0.68 1,661,228 1.55 127,169 0.67 1,003,816 1.20
Equity Midcap Fund 177,833 0.63 847,947 0.79 298,869 1.59 1,031,158 1.23
Equity Midcap Pension Fund 18,263 0.06 78,637 0.07 31,253 0.17 110,923 0.13
Equity Midcap Plus Fund 291,391 1.03 1,249,024 1.17 489,209 2.60 1,644,471 1.96
Equity Plus Fund 2,007,562 7.07 8,865,837 8.29 1,300,673 6.90 12,751,208 15.21
Equity Plus Pension Fund 135,079 0.48 600,460 0.56 157,895 0.85 809,088 0.97
Group Debt Fund 94,345 0.33 774,205 0.72 - - - -
Group Liquid Fund 66,140 0.23 29,480 0.03 - - - -
Group Short Term Debt Fund - - 9,467 0.01 - - - -
Life Long Gain Fund 28,381 0.10 146,644 0.14 48,386 0.26 119,313 0.14
Liquid Pension Fund 36,501 0.13 12,548 0.01 21,772 0.12 3,121 -
Liquid Fund 570,922 2.01 148,421 0.14 294,665 1.56 13,786 0.02
Premier Bond Fund 25,627 0.09 223,385 0.21 84,410 0.45 84,851 0.10
Premier Debt Fund 20,783 0.07 109,384 0.10 71,068 0.38 122,290 0.15
Premier Equity Fund 31,125 0.11 296,435 0.28 48,244 0.26 493,520 0.59
Premier Equity Gain Fund 82,835 0.29 432,576 0.40 94,405 0.50 743,004 0.89
Premier Equity Growth Fund 292,605 1.03 1,017,133 0.95 260,461 1.38 1,651,502 1.97
Premier Equity Index Fund 76,560 0.27 731,118 0.68 89,782 0.48 851,255 1.02
Pure Equity Fund - - 728,965 0.68 - - 629,415 0.75
Pure Stock Fund - - 1,541,181 1.44 - - 623,763 0.74
Pure Stock Pension Fund - - 8,432 0.01 - - - -
Secure Fund 58,825 0.21 336,496 0.31 30,594 0.16 142,585 0.17
Stable Fund 81,107 0.29 188,906 0.18 620,225 3.29 1,063,180 1.27
Total 28,402,304 100 107,004,713 100 18,840,607 100 83,825,333 100
102
Banking Services- Exposure details - Scrip Wise
Instrument F.Y. 2008-09 F.Y. 2007-08

Amt in Rs. '000 (%) Amt in Rs. '000 (%)
10% HDFC Bank Ltd... - 13-Dec-2011 FD 49,900 0.18 - -
10% Punjab National Bank - 13-Mar-2009 FD - - 100,000 0.53
10% Saraswat Bank - 06-May-2008 FD - - 50,000 0.27
10.10% Punjab National Bank 12 March 2009 - - 300,000 1.59
10.10% SBI Upper Tier II 12 SEP 2022 Call 12 SEP 2017 - - 312,641 1.66
10.20% SyndicateBank - 17-Mar-2009 FD - - 150,000 0.80
10.25% HDFC Bank Ltd... - 08-Jul-2008 FD - - 49,900 0.26
10.5% Saraswat Bank - 24-Mar-2010 FD 50,000 0.18 50,000 0.27
10.50% Citi Bank FD 28 Jan 2010 150,000 0.53 - -
10.50% HDFC Bank Ltd... - 03-Jul-2008 FD - - 49,900 0.26
10.50% HDFC Bank Ltd... - 11-Dec-2009 FD 49,900 0.18 - -
10.50% Saraswat Bank 24 March 2010 - - 50,000 0.27
10.50% Saraswat Bank 24 March 2010 50,000 0.18 - -
11.10% IDBI Bank Ltd... 26 Sep 2013 53,188 0.19 - -
11.15% YES Bank - 10-Jun-2008 FD - - 100,000 0.53
11.25% CanaraBank - 03-Mar-2009 FD - - 100,000 0.53
11.25% ICICI Bank Ltd... - 13-Mar-2009 FD - - 100,000 0.53
11.30% CanaraBank - 13-Mar-2009 FD - - 150,000 0.80
12.10% Punjab National Bank - 26-Sep-2009 FD 250,000 0.88 - -
4.25% SyndicateBank FD 09 April 2009 499,128 1.76 - -
6.00% IDBI OMNI Bonds M - 16/01/2009 - - 48,713 0.26
7.50% State Bank of India FD 08 March 2010 500,000 1.76 - -
8.50% ICICI Bank FD 09 March 2010 400,000 1.41 - -
9.0% CanaraBank FD 02 Feb 2011 9,500 0.03 - -
9.0% CanaraBank FD 05 July 2011 9,500 0.03 - -
9.0% CanaraBank FD 07 June 2011 9,500 0.03 - -
9.0% CanaraBank FD 08 March 2011 9,500 0.03 - -
9.0% CanaraBank FD 10 May 2011 9,500 0.03 - -
9.0% CanaraBank FD 12 April 2011 9,500 0.03 - -
9.0% CanaraBank FD 18 Jan 2011 9,500 0.03 - -
9.0% CanaraBank FD 19 July 2011 9,500 0.03 - -
9.0% CanaraBank FD 21 June 2011 9,500 0.03 - -
9.0% CanaraBank FD 22 Feb 2011 9,500 0.03 - -
9.0% CanaraBank FD 22 March 2011 9,500 0.03 - -
9.0% CanaraBank FD 24 May 2011 9,500 0.03 - -
9.0% CanaraBank FD 26 April 2011 9,500 0.03 - -
9.0% HDFC Bank FD 01 March 2011 49,900 0.18 - -
9.0% HDFC Bank FD 24 Feb 2011 49,900 0.18 - -
9.0% Indian Bank FD 02 Feb 2011 9,500 0.03 - -
9.0% Indian Bank FD 05 July 2011 9,500 0.03 - -
9.0% Indian Bank FD 07 June 2011 9,500 0.03 - -
9.0% Indian Bank FD 08 March 2011 9,500 0.03 - -
9.0% Indian Bank FD 10 May 2011 9,500 0.03 - -
9.0% Indian Bank FD 12 April 2011 9,500 0.03 - -
103
Instrument F.Y. 2008-09 F.Y. 2007-08

Amt in Rs. '000 (%) Amt in Rs. '000 (%)
9.0% Indian Bank FD 18 Jan 2011 9,500 0.03 - -
9.0% Indian Bank FD 19 July 2011 9,500 0.03 - -
9.0% Indian Bank FD 21 June 2011 9,500 0.03 - -
9.0% Indian Bank FD 22 Feb 2011 9,500 0.03 - -
9.0% Indian Bank FD 22 March 2011 9,500 0.03 - -
9.0% Indian Bank FD 24 May 2011 9,500 0.03 - -
9.0% Indian Bank FD 26 April 2011 9,500 0.03 - -
9.25% IDBI Omni Bonds 26/03/2014 Series XVIII 149,904 0.53 - -
9.30% Bank of Baroda - U Tier II 28-Dec-2022 C 28-Dec-2017 - - 148,225 0.79
9.30% State Bank of Patiala Upper Tier II 20 Dec 2022 Call 20 Dec 2017 - - 49,410 0.26
9.35% Punjab National Bank Upper Tier II 12 Dec 2022 Call 12 Dec 2017 - - 99,441 0.53
9.35% Punjab National Bank - 05-Mar-2023 05-Mar-2018 C - - 49,751 0.26
9.40% Syndicate Bank perpetual Bond call 12 Jan 2019 76,402 0.27 - -
9.5% State Bank of Bikaner - 10-Feb-2011 FD 250,000 0.88 - -
9.50% State Bank of India - 10-Dec-2013 FD 250,000 0.88 - -
9.50% Syndicate Bank - 04-Dec-2010 FD 550,000 1.94 - -
9.85% Canara Bank - 28-Mar-2009 FD - - 200,000 1.06
9.90% State Bank of Patiala Upper Tier II 28 SEP 2022 Call 28 SEP 2017 - - 51,255 0.27
9.98% ICICI Bank Perpetual Call 13 Sept 2016 51,196 0.18 50,574 0.27
Allahabad Bank CD 03 Mar 09 - - 137,412 0.73
Allahabad Bank CD 04 Aug 2009 733,423 2.58 - -
Allahabad Bank CD 04 Jan 2010 235,506 0.83 - -
Allahabad Bank CD 18 June 2009 246,177 0.87 - -
Allahabad Bank CD 27 Feb 2009 - - 229,672 1.22
Andhra Bank - Equity Shares 127,447 0.45 - -
Axis Bank CD 01 Oct 2008 - - 239,519 1.27
Axis Bank CD 19 Feb 2009 - - 275,846 1.46
Axis Bank CD 24 Nov 08 - - 235,898 1.25
Axis Bank Ltd... - Equity Shares 1,135,552 4.00 - -
Axis Bank Ltd... CD - 09-May-2008 - - 49,596 0.26
Bank of Baroda - Equity Shares 230,692 0.81 - -
Bank of Baroda CD 11 Aug 2009 385,826 1.36 - -
Bank of Baroda CD 15 Jan 2010 616,295 2.17 - -
Bank of Baroda CD 26 Feb 2010 943,013 3.32 - -
Bank of India CD 23 March 2010 465,175 1.64 - -
Canara Bank CD 04 Feb 2009 - - 92,969 0.49
Canara Bank CD 07 Oct 2008 - - 143,640 0.76
Canara Bank CD 12 Feb 2010 472,066 1.66 - -
Citi Bank CD 7 July 2008 - - 244,794 1.30
Corportation Bank - Equity Shares 129,223 0.45 - -
Corporation Bank CD 02 March 2010 470,628 1.66 - -
Corporation Bank CD 03 Aug 2009 144,945 0.51 - -
Corporation Bank CD 12 Feb 09 - - 138,590 0.74
Corporation Bank CD 20 May 08 - - 345,688 1.83
HDFC Bank CD 23 Sep 2009 142,347 0.50 - -
HDFC Bank Ltd... - Equity Shares 1,537,016 5.41 389,586 2.07
ICICI Bank CD 10 Mar 09 - - 456,463 2.42
ICICI Bank CD 27 Aug 08 - - 241,063 1.28
ICICI Bank CD 27 Feb 2009 - - 458,620 2.43
ICICI Bank Ltd... - Equity Shares 2,264,941 7.97 2,229,417 11.83
IDBI Bank CD 12 Mar 09 - - 228,039 1.21
IDBI Bank CD 19 May 08 - - 98,747 0.52
IDBI Ltd... - Equity Shares - - 302,940 1.61
104

Instrument F.Y. 2008-09 F.Y. 2007-08

Amt in Rs. '000 (%) Amt in Rs. '000 (%)
Indian Bank CD 4 April 08 - - 199,829 1.06
ING Vysya Bank Ltd... - Equity Shares 169,118 0.60 355,080 1.88
Kotak Bank CD 4 July 2008 - - 244,480 1.30
Kotak Mahindra Bank CD 30 May 2008 - - 147,750 0.78
National Housing Bank Loan PTC Class A8- 25-Mar-2010 36,066 0.13 - -
Oriental Bank of Commerce - Equity Shares - - 172,679 0.92
Oriental Bank of Commerce CD 01 Jan 10 237,003 0.83 - -
Oriental Bank of Commerce CD 04 June 09 98,532 0.35 - -
Oriental Bank of Commerce CD 15 Sep 08 - - 239,251 1.27
Oriental Bank of Commerce CD 24 Dec 08 - - 93,741 0.50
Oriental Bank of Commerce CD 26 Aug 09 95,879 0.34 - -
Punjab National Bank CD 12 Jan 2009 - - 233,600 1.24
Punjab National Bank CD 29 July 2009 241,360 0.85 - -
Punjab National Bank - Equity Shares 476,223 1.68 787,690 4.18
Punjab National Bank CD - 17-Dec-2009 377,368 1.33 - -
Punjab National Bank CD 04 Feb 2010 471,081 1.66 - -
Punjab National Bank CD 12 Feb 2010 471,075 1.66 - -
Punjab National Bank CD 17 March 2010 372,616 1.31 - -
Punjab National Bank CD 31 Aug 2009 191,574 0.67 - -
Punjab National Bank-CD - 24-Feb-2009 - - 367,820 1.95
State Bank of Bikaner & Jaipur CD 20 Jan 2009 - - 233,521 1.24
State Bank of Bikaner & Jaipur CD 17 Nov 2009 237,625 0.84 - -
State Bank of Bikaner & Jaipur CD 24 Feb 2010 471,986 1.66 - -
State Bank of Bikaner & Jaipur CD 27 Aug 2009 95,809 0.34 - -
State Bank of Bikaner & Jaipur CD 04 Dec 08 - - 141,458 0.75
State Bank of Bikaner & Jaipur CD 13 June 08 - - 245,762 1.30
State Bank of Hyderabad CD 04 Jan 2010 235,392 0.83 - -
State Bank of Hyderabad CD 09 Nov 2009 142,867 0.50 - -
State Bank of Hyderabad CD 12 June 2008 - - 246,017 1.31
State Bank of Hyderabad CD 18 Jan 2010 237,542 0.84 - -
State Bank of Hyderabad CD 20 Aug 2009 192,255 0.68 - -
State Bank of Hyderabad CD 28 May 08 - - 197,064 1.05
State Bank of Hyderabad CD 30 June 2008 - - 243,890 1.29
State Bank of India - Equity Shares 2,989,425 10.53 1,981,609 10.52
State Bank of India CD 29 May 2008 - - 888,309 4.71
State Bank of Indore 01 June 2009 494,352 1.74 - -
State Bank of Indore CD 12 May 2008 - - 99,065 0.53
State Bank of Mysore - 04-Aug-2009 978,274 3.44 - -
State Bank of Mysore CD - 15-June-2009 493,018 1.74 - -
State Bank of Mysore CD 01 Sep 08 - - 240,061 1.27
State Bank of Mysore CD 10 Feb 2009 - - 369,947 1.96
State Bank of Mysore CD 11 June 08 - - 245,895 1.31
State Bank of Mysore CD 16-Dec-2009 236,103 0.83 - -
State Bank of Patiala CD 01 June 2009 494,147 1.74 - -
State Bank of Patiala CD 10 March 2009 - - 228,822 1.21
State Bank of Patiala CD 12 March 2010 233,725 0.82 - -
State Bank of Patiala CD 18 March 2010 234,042 0.82 - -
State Bank of Patiala CD 22 June 2009 246,313 0.87 - -
State Bank of Patiala CD 28 Oct 08 - - 95,181 0.51
State Bank of Patiala CD 29 Aug 2008 - - 240,904 1.28
State Bank of Travancore CD 03 Aug 2009 489,234 1.72 - -
State Bank of Travancore CD 24 Nov 2009 474,509 1.67 - -
SyndicateBank CD 29 March 2010 466,904 1.64 - -
105
Instrument F.Y. 2008-09 F.Y. 2007-08

Amt in Rs. '000 (%) Amt in Rs. '000 (%)
UCO Bank CD 20 Nov 08 - - 141,843 0.75
UCO Bank CD 26 March 2009 - - 136,816 0.73
Union Bank 30 May 2008 - - 246,263 1.31
Union Bank CD 18 July 2008 - - 244,280 1.30
Union Bank CD 23 Oct 2008 - - 238,991 1.27
Union Bank CD 24 June 2008 - - 244,680 1.30
Union Bank of India CD 06 Nov 2009 479,771 1.69 - -
Union Bank of India CD 15-Dec-2009 472,120 1.66 - -
Union Bank of India CD 24 Dec 2009 235,363 0.83 - -
Vijaya Bank - Equity Shares 177,642 0.63 - -
Grand Total 28,402,303 100 18,840,607 100
106
Enclosure D: Highest,Lowest and Closing NAV For the year 2008-09
Fund Name F.Y. 2008-09 F.Y. 2007-08

Closing NAV Lowest NAV Highest NAV Closing NAV Lowest NAV Highest NAV
31-March-2009 31-March-2008
(Rs.) (Rs.) (Rs.) (Rs.) (Rs.) (Rs.)
Accelerated Fund 14.218 12.464 15.307 14.571 12.200 16.694
Acc Mid Cap Pension Fund 8.882 7.662 16.121 15.181 11.946 19.217
Acc Mid Cap Fund 8.863 7.651 15.892 15.092 12.308 19.420
Asset Allocation Fund 9.192 8.099 10.438 10.004 9.714 11.331
Asset Allocation Pension Fund 8.848 7.816 10.030 9.656 9.311 10.112
Balanced Fund 13.444 11.779 16.875 15.937 13.832 18.851
Balanced Plus Fund 15.596 13.541 18.887 17.836 15.460 20.964
Balanced Plus Pension Fund 14.865 12.990 17.833 16.878 14.548 19.733
Bond Fund 12.917 11.303 13.216 11.409 10.449 11.458
Bond Pension Fund 13.195 11.511 13.464 11.548 10.475 11.548
Capital Guarantee Fund- 2012 10.892 9.801 11.305 10.990 9.999 11.920
Capital Shield Fund- I 10.459 10.000 10.459 - - -
Capital Shield Fund- II 10.398 9.973 10.398 - - -
Cash Fund 13.293 12.200 13.293 12.182 11.247 12.182
Cash Plus Fund 14.189 12.836 14.189 12.814 11.668 12.814
Cash Plus Pension Fund 14.111 12.763 14.111 12.739 11.529 12.739
Debt Fund 12.829 11.382 13.180 11.511 10.617 11.540
Debt Plus Fund 13.745 11.995 14.062 12.058 10.982 12.058
Debt Plus Pension Fund 14.038 12.358 14.400 12.395 11.270 12.414
Equity Fund 14.142 11.873 24.518 22.251 18.271 29.747
Equity Gain Fund 19.186 16.236 29.771 27.597 24.562 36.915
Equity Growth Fund 8.864 7.629 14.783 13.544 11.904 18.135
Equity Growth Pension Fund 8.732 7.546 14.580 13.314 11.924 18.509
Equity Index Fund 18.190 15.176 31.138 28.230 22.848 37.578
Equity Index Fund - II 9.808 8.202 16.789 15.227 12.416 20.320
Equity Index Pension Fund 15.982 13.351 27.385 24.826 20.169 33.109
Equity Index Pension Fund - II 9.611 8.038 16.470 14.933 12.180 19.917
Equity Midcap Fund 14.609 12.457 22.661 21.174 18.430 28.182
Equity Midcap Pension Fund 16.823 14.332 25.511 23.710 19.523 29.914
Equity Midcap Plus Fund 15.461 13.173 23.724 22.372 18.967 29.307
Equity Plus Fund 19.981 16.860 30.669 28.445 25.309 38.523
Equity Plus Pension Fund 18.127 14.966 26.960 25.065 22.195 33.741
Group Debt Fund 11.259 9.975 11.569 10.000 10.000 10.017
Group Liquid Fund 10.517 10.009 10.517 - - -
Group Short Term Debt Fund 10.018 9.947 10.026 - - -
Life Long Gain Fund 11.944 10.595 12.247 10.741 9.931 10.778
Liquid Pension Fund 12.746 11.547 12.746 11.528 10.515 11.528
Liquid Fund 12.763 11.583 12.763 11.563 10.546 11.563
Premier Balanced Fund 11.660 10.264 13.994 13.297 11.685 15.446
Premier Bond Fund 12.273 10.935 12.581 11.095 10.308 11.163
Premier Debt Fund 12.790 11.371 13.301 11.452 10.594 11.518
Premier Equity Fund 10.371 8.701 17.992 16.326 13.384 21.762
Premier Equity Gain Fund 10.378 8.688 16.059 14.539 13.385 21.744
Premier Equity Growth Fund 8.318 7.195 14.422 13.186 12.105 18.330
Premier Equity Index Fund 9.377 7.901 16.346 14.842 12.247 19.853
Pure Equity Fund 12.114 9.930 15.464 14.603 12.179 17.925
Pure Stock Fund 11.620 9.565 14.963 14.150 11.317 17.106
Pure Stock Pension Fund 8.034 6.772 10.324 - - -
Secure Fund 13.575 12.413 13.776 13.092 11.241 13.239
Stable Fund 13.246 12.024 13.403 13.053 11.425 14.504
107
Enclosure E and F
Annualised Expense Ratio to Ratio of Gross Income to

Average Daily Assets of the Fund Average Daily Assets of the Fund.
Fund Names Expense Ratio (%) Fund Names Income Ratio (%)
F.Y.2008-09 F.Y.2007-08 F.Y.2008-09 F.Y.2007-08
Accelerated Fund 1.26 1.20 Accelerated Fund (4.69) 19.72
Acc Mid Cap Pension Fund 1.85 1.76 Acc Mid Cap Pension Fund (52.84) 16.41
Acc Mid Cap Fund 1.86 1.76 Acc Mid Cap Fund (48.84) 11.01
Asset Allocation Fund 1.87 1.24 Asset Allocation Fund (7.02) (22.55)
Asset Allocation Pension Fund 0.75 1.25 Asset Allocation Pension Fund (2.55) (9.69)
Bond Fund 1.02 0.96 Bond Fund 14.83 9.68
Bond Pension Fund 1.03 0.96 Bond Pension Fund 16.15 11.33
Capital Guarantee Fund- 2012 1.33 1.25 Capital Guarantee Fund- 2012 0.30 9.70
Capital Guarantee Fund- 2014 1.33 1.28 Capital Guarantee Fund- 2014 (2.63) 11.88
Capital Guarantee Fund- 2017 1.06 1.25 Capital Guarantee Fund- 2017 (8.28) 12.87
Capital Shield Fund- I 3.07 NA Capital Shield Fund- I 13.72 NA
Capital Shield Fund- II 3.61 NA Capital Shield Fund- II 31.55 NA
Cash Fund 2.38 2.31 Cash Fund 11.15 10.60
Cash Plus Fund 0.76 0.75 Cash Plus Fund 10.98 10.34
Cash Plus Pension Fund 0.75 0.83 Cash Plus Pension Fund 10.95 11.30
Debt Fund 2.39 2.31 Debt Fund 13.47 10.80
Debt Plus Fund 0.76 0.75 Debt Plus Fund 14.15 10.69
Debt Plus Pension Fund 0.75 0.88 Debt Plus Pension Fund 13.75 10.54
Equity Fund 2.37 2.31 Equity Fund (43.85) 20.30
Equity Gain Fund 2.90 2.81 Equity Gain Fund (34.85) 11.16
Equity Growth Fund 1.86 1.76 Equity Growth Fund (38.63) 2.86
Equity Growth Pension Fund 1.85 1.76 Equity Growth Pension Fund (39.23) 0.90
Equity Index Fund 1.07 1.05 Equity Index Fund (44.31) 18.59
Equity Index Fund - II 1.33 1.26 Equity Index Fund - II (38.55) (3.93)
Equity Index Pension Fund 1.05 1.13 Equity Index Pension Fund (42.65) 19.73
Equity Index Pension Fund - II 1.33 1.26 Equity Index Pension Fund - II (39.81) (11.79)
Equity Midcap Fund 2.90 2.81 Equity Midcap Fund (34.92) 14.65
Equity Midcap Pension Fund 1.58 1.65 Equity Midcap Pension Fund (32.32) 19.59
Equity Midcap Plus Fund 1.60 1.55 Equity Midcap Plus Fund (36.12) 17.49
Equity Plus Fund 1.60 1.55 Equity Plus Fund (35.46) 10.84
Equity Plus Pension Fund 1.59 1.55 Equity Plus Pension Fund (32.18) 13.24
Group Debt Fund 1.10 1.00 Group Debt Fund 18.37 1.00
Group Liquid Fund 0.78 NA Group Liquid Fund 13.01 NA
Group Short Term Debt Fund 0.99 NA Group Short Term Debt Fund 1.87 NA
Life Long Gain Fund 2.37 2.42 Life Long Gain Fund 15.17 10.23
Liquid Pension Fund 1.02 0.96 Liquid Pension Fund 11.19 10.43
Liquid Fund 1.02 0.96 Liquid Fund 11.10 10.38
Premier Bond Fund 2.93 2.77 Premier Bond Fund 14.00 10.54
Premier Debt Fund 2.38 2.38 Premier Debt Fund 12.66 10.86
Premier Equity Fund 2.38 2.30 Premier Equity Fund (44.54) 22.10
Premier Equity Gain Fund 2.37 2.31 Premier Equity Gain Fund (32.65) 12.72
Premier Equity Growth Fund 2.89 2.77 Premier Equity Growth Fund (44.57) 5.99
Premier Equity Index Fund 2.89 2.77 Premier Equity Index Fund (45.06) 9.09
Pure Equity Fund 1.60 1.55 Pure Equity Fund (17.33) 16.62
Pure Stock Fund 2.94 1.76 Pure Stock Fund (11.12) 6.38
Pure Stock Pension Fund 1.91 NA Pure Stock Pension Fund (9.17) NA
Secure Fund 1.27 1.20 Secure Fund 5.15 1.61
Stable Fund 1.22 1.20 Stable Fund (2.69) 9.55
Note: The above percentage of charges exclude charges deducted by way

of cancellation of units.
108
Enclosure G : Fundwise and Classwise Appreciation/(Depreciation) in value of Investments
Particulars Accelerated Acc Mid Cap Acc Mid Cap Asset Asset Bond Bond Capital Capital Capital Capital
Fund Pension Fund Allocation Allocation Fund Pension Guarantee Guarantee Guarantee Shield
Fund Fund Pension Fund Fund Fund- 2012 Fund- 2014 Fund- 2017 Fund- I
Government Bonds - - - (1,402.10) - (6,628.50) (865.66) 1,458.85 32.12 914.03 -

Corporate Bonds 44.98 - - 39,059.70 2,659.80 14,797.70 864.02 2,667.93 35.91 (72.67) 2,624.60
Infrastructure Bonds 172.12 - - 178,515.70 6,281.42 52,891.04 6,165.74 394.81 161.94 489.33 3,957.78
Equity (2,445.91) (18,270.58) (271,899.87) (187,552.07) 615.09 - - (6,698.92) (470.51) (4,737.24) -
Money Market - - - - - - - - - - -
Mutual Fund - - - - - - - - - - -
Deposit with Banks - - - - - - - - - - -
Total(A) (2,229) (18,271) (271,900) 28,621 9,556 61,060 6,164 (2,177) (241) (3,407) 6,582
Corporate Bonds - - - - - - - - - - -
Infrastructure Bonds - - - - - - - - - - -
Equity 4.56 (1,312.11) (16,088.31) (84,322.24) (2,232.68) - - (1,809.39) (140.06) (1,371.75) -
Mutual Fund - 27.32 320.90 - - - - - - - -
Total(B) 5 (1,285) (15,767) (84,322) (2,233) - - (1,809) (140) (1,372) -
Total(A+B) (2,224) (19,555) (287,667) (55,701) 7,324 61,060 6,164 (3,987) (381) (4,778) 6,582
st
Note: The above appreciation / depriciation is the difference between market value and the book cost of the investment as at 31 March 2009
Particulars Capital Cash Cash Cash Debt Debt Debt Equity Equity Equity Equity
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED Appendix III Refer Schedule 16 Note 24
Shield Fund Plus Plus Fund Plus Plus Fund Gain Growth Growth
Fund- II Fund Pension Fund Fund Pension Fund Fund Fund Pension Fund
Government Bonds - - - - (7,045.97) (8,669.49) (799.76) - - - -

Corporate Bonds 10,552.00 - - - 8,213.01 10,817.00 447.35 - - - -
Infrastructure Bonds 213.06 - - - 28,649.71 30,853.78 2,443.31 - - - -
Equity - - - - - - - (181,591.14) (149,821.19) (6,279,793.51) (291,869.13)
Money Market - - - - - - - - - - -
Mutual Fund - - - - - - - - - - -
Total(A) 10,765 - - - 29,817 33,001 2,091 (181,591) (149,821) (6,279,794) (291,869)
Corporate Bonds - - - - - - - - - - -
Equity - - - - - - - (109,091.13) (122,647.48) (1,587,007.12) (84,347.97)
Mutual Fund - - - - - - - - - - -
Total(B) - - - - - - - (109,091) (122,647) (1,587,007) (84,348)
Total(A+B) 10,765 - - - 29,817 33,001 2,091 (290,682) (272,469) (7,866,801) (376,217)
109
Note: The above appreciation / depriciation is the difference between market value and the book cost of the investment as at 31st March 2009
110
Particulars Equity Equity Equity Equity Equity Equity Equity Equity Equity Group Group
Index Index Index Index Pension Midcap Midcap Midcap Plus Plus Debt Liquid
Fund Fund - II Pension Fund Fund - II Fund Pension Fund Plus Fund Fund Pension Fund Fund Fund
Government Bonds - - - - - - - - - (4,478.81) -

Corporate Bonds - - - - - - - - - 5,144.69 -
Infrastructure Bonds - - - - - - - - - 16,323.94 -
Equity (355,523.84) (5,811,634.01) (20,089.32) (484,937.08) (116,221.03) (7,287.30) (181,795.60) (236,377.34) 14,242.39 - -
Money Market - - - - - - - - - - -
Mutual Fund - - - - - - - - - - -
Total(A) (355,524) (5,811,634) (20,089) (484,937) (116,221) (7,287) (181,796) (236,377) 14,242 16,990 -
Corporate Bonds - - - - - - - - - - -
Equity (102,471.80) (1,693,981.16) (6,241.99) (134,408.01) (9,161.07) (493.09) (13,767.23) (194,327.17) (8,645.77) - -
Mutual Fund - - - - 2,459.48 11.56 26.72 - - - -
Total(B) (102,472) (1,693,981) (6,242) (134,408) (6,702) (482) (13,741) (194,327) (8,646) - -
Total(A+B) (457,996) (7,505,615) (26,331) (619,345) (122,923) (7,769) (195,536) (430,705) 5,597 16,990 -

Particulars Group Short Life Liquid Liquid Premier Premier Premier Premier Premier Premier Pure
Term Debt Long Pension Fund Bond Debt Equity Equity Equity Equity Equity
Fund Gain Fund Fund Fund Fund Fund Gain Fund Growth Fund Index Fund Fund
Government Bonds - (150.50) - - (739.56) (585.37) - - - 54.50 -

Corporate Bonds (32.89) 461.69 - - 1,607.56 798.09 - - - - -
Infrastructure Bonds (22.70) 3,516.23 - - 4,281.26 2,634.98 - - - - -
Equity - - - - - - 4,785.54 (2,383.02) (301,333.98) (270,829.12) (64,908.64)
Money Market - - - - - - - - - - -
Mutual Fund - - - - - - - - - - -
Total(A) (56) 3,827 - - 5,149 2,848 4,786 (2,383) (301,334) (270,775) (64,909)
Corporate Bonds - - - - - - - - - - -
Equity - - - - - - (15,080.14) (11,820.73) (89,093.65) (72,048.32) (16,295.68)
Mutual Fund - - - - - - - - - - -
Total(B) - - - - - - (15,080) (11,821) (89,094) (72,048) (16,296)
Total(A+B) (56) 3,827 - - 5,149 2,848 (10,295) (14,204) (390,428) (342,823) (81,204)
st
Enclosure G : Fundwise and Classwise Appreciation/(Depreciation) in value of Investments (Amount in Rs. '000)
Particulars Pure Pure Secure Stable Grand
Stock Stock Fund Fund Total
Fund Pension Fund
Government Bonds - - (484.32) (1,232.49) (30,623.01)

Corporate Bonds - - 1,356.86 522.97 102,570.28
Infrastructure Bonds - - 5,031.22 2,123.96 345,078.62
Equity 39,066.93 484.02 (5,691.89) 635.95(15,194,332.33)
Money Market - - - - -
Mutual Fund - - - - -
Deposit with Banks - - - - -
Total(A) 39,067 484 212 2,050 (14,777,306)
Corporate Bonds - - - - -
Infrastructure Bonds - - - - -
Equity (22,796.64) (51.89) 103.16 82.30 (4,400,864.56)
Mutual Fund - - - - 2,845.98
Total(B) (22,797) (52) 103 82 (4,398,019)
Total(A+B) 16,270 432 315 2,133 (19,175,325)

Note: The above appreciation / depriciation is the difference between market value and the book cost of the i
nvestment as at 31st March 2009
111
112
Particulars Acc Mid Cap Acc Mid Cap Accelerated Asset Assets Bond Bond Capital Capital Capital Cash
Fund Pension Fund Allocation Allocation Bond Pension Guarantee Guarantee Guarantee Fund
Government Bonds - - 8 (9,772) (358) (1,581) (3) (88) 8 228 -

Corporate Bonds 23 5 35 (9,019) (87) (3,693) (154) 1,111 (4) (26) -
Infrastructure Bonds - - (35) (16,228) (264) (2,106) 152 (11) 77 317 -
Equity (107,822) (12,833) 726 (416,546) (1,447) - - 821 184 1,729 -
Money Market - - - - - - - - - - -
Mutual Fund - - - - - - - - - - -
Total(A) (107,799) (12,828) 734 (451,565) (2,156) (7,380) (5) 1,833 265 2,248 -
Corporate Bonds - - - - - - - - - - -
Equity (7,884) 669 (46) (70,143) (25) - - 330 56 566 -
Mutual Fund 61 - - 209 - - - - - - -
Total(B) (7,823) 669 (46) (69,934) (25) - - 330 56 566 -
Total(A+B) (115,622) (12,159) 688 (521,499) (2,181) (7,380) (5) 2,163 321 2,814 -

Particulars Cash Cash Debt Debt Debt Equity Equity Equity Equity Equity Equity
Plus Plus Fund Plus Plus Fund Gain Growth Growth Index Index
Fund Pension Fund Fund Pension Fund Fund Fund Pension Fund Fund Fund II
Government Bonds - - 56 (1,987) (483) - - - - - -

Corporate Bonds - - (1,523) (5,103) (173) - - - - - -
Infrastructure Bonds - - (4,896) (2,444) 86 - - - - - -
Equity - - - - - 1,100,187 518,884 (963,658) (122,059) 337,457 (372,909)
Money Market - - - - - - - - - - -
Mutual Fund - - - - - - - - - - -
Total(A) - - (6,363) (9,534) (570) 1,100,187 518,884 (963,658) (122,059) 337,457 (372,909)
Corporate Bonds - - - - - - - - - - -
Equity - - - - - 313,689 (54,768) (472,490) (52,151) 119,206 (97,079)
Mutual Fund - - - - - - 24 249 7 - -
Total(B) - - - - - 313,689 (54,744) (472,241) (52,144) 119,206 (97,079)
Total(A+B) - - (6,363) (9,534) (570) 1,413,876 464,140 (1,435,899) (174,203) 456,663 (469,988)
st
Particulars Equity Equity Equity Equity Group Life Liquid Liquid Mid Cap Mid Cap Mid Cap
Index Index Pension Plus Plus Debt Long Fund Pension Fund Pension Plus
Pension Fund Fund II Fund Pension Fund Fund Gain Fund Fund Fund Fund
Government Bonds - - - - - (6) - - - - -

Corporate Bonds - - - - - (137) - - 17 3 29
Infrastructure Bonds - - - - - (862) - - - - -
Equity 25,573 (61,359) 785,192 20,941 - - - - (30,064) (6,877) (12,908)
Money Market - - - - - - - - - - -
Mutual Fund - - - - - - - - - - -
Total(A) 25,573 (61,359) 785,192 20,941 - (1,005) - - (30,047) (6,874) (12,879)
Corporate Bonds - - - - - - - - - - -
Equity 8,592 (15,118) (223,725) 8,831 - - - - 5,662 1,911 17,192
Mutual Fund - - 211 - - - - - 17 - 55
Total(B) 8,592 (15,118) (223,514) 8,831 - - - - 5,679 1,911 17,247
Total(A+B) 34,165 (76,477) 561,678 29,772 - (1,005) - - (24,368) (4,963) 4,368

st
Particulars Premier Premier Premier Premier Premier Premier Pure Pure Secure Stable Total
Bond Debt Equity Equity Equity Equity Equity Stock Fund Fund
Fund Fund Fund Gain Fund Growth Fund Index Fund Fund Fund
Government Bonds 38 8 - - - - - - (254) 93 (14,093)

Corporate Bonds (65) (718) - - - - - - 42 (496) (19,933)
Infrastructure Bonds (344) (527) - - - - - - (434) (401) (27,920)
Equity - - 5,755 20,179 (150,746) 19,978 71,203 (11,127) (672) (30,030) 607,752
Money Market - - - - - - - - - - -
Mutual Fund - - - - - - - - - - -
Total(A) (371) (1,237) 5,755 20,179 (150,746) 19,978 71,203 (11,127) (1,318) (30,834) 545,806
Corporate Bonds - - - - - - - - - - -
Equity - - 2,492 (34,738) (23,182) 13,585 29,129 745 (112) (3,644) (532,450)
Mutual Fund - - - - 3 - - - - - 836
Total(B) - - 2,492 (34,738) (23,179) 13,585 29,129 745 (112) (3,644) (531,614)
Total(A+B) (371) (1,237) 8,247 (14,559) (173,925) 33,563 100,332 (10,382) (1,430) (34,478) 14,192
113
Receipts and Payments Account (Cash Flow Statement)

for the Period ending 31st March 2009

Cash Flow from Operating Activities
Receipts from customers
- Premium Income 106,026,241 97,167,145
- Premium & Other Deposits (795,883) 247,202
105,230,358 97,414,347
Other Income
Interest on overdue premium 40,389 29,879
Unit linked fund administration / management charges 1,813,022 1,351,685
Others 90,698 87,763
1,944,109 1,469,327
Cash generated from operations 107,174,467 98,883,675
Cash paid towards Operating Activities
Commission (9,592,609) (15,057,592)
Claims (7,530,565) (8,408,714)
Other Expenses (18,139,198) (19,795,499)
Direct Taxes Paid (91,356) (100,075)
Change in Working Capital (3,107,138) 1,275,145
(38,460,866) (42,086,736)
Cash flow before extraordinary item 68,713,601 56,796,939
Extraordinary Item - -
Net cash from Operating Activities ( A ) 68,713,601 56,796,939
Cash Flow from Investing Activities
Purchase of Fixed Assets (763,461) (781,566)
Purchase of Investments (Shareholders & Policy Holders) (111,968,837) (102,056,655)
Net Increase/Decrease in Unit Link Investments (65,833,014) (53,021,687)
(178,565,312) (155,859,907)
Investment Income (Shareholders & Policyholders) 2,282,966 1,348,942
Sale of Investment (Shareholders & Policyholders) 107,003,320 91,787,225
Sale of Fixed Assets 2,015 2,067
109,288,300 93,138,234
Net cash from investing activities ( B ) (69,277,012) (62,721,673)
Cash Flow from Financing activities
Proceeds from Issuance of Share Capital - 3,410
Share Premium received on issuance of Share Capital - 5,097,950
- 5,101,360
Net cash from Financing Activities ( C ) - 5,101,360
Net increase in Cash & Cash Equivalents (D = A + B + C ) (563,411) (823,374)
Cash & Cash equivalents at the beginning of the Year 3,321,003 4,144,377
Cash & Cash Equivalents at the end of the Period 2,757,592 3,321,003
Components of cash & cash equivalents
Cash and Bank Balances ( as per Sch 11) 3,552,963 3,730,894
Temporary overdraft (as per Sch 13 ) (795,371) (409,891)
2,757,592 3,321,003

Head - Legal &
Compliance
Place : Pune
114
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED Balance sheet abstract and Company's general business profile Annual Report 2008-2009
Balance sheet abstract and Company's general business profile
I. Registration Details
Registration No. State Code

15959 25
CIN
U66010PN2001PLC015959
Balance Sheet Date
31 03 2009
Date Month Year
II. Capital raised during the year (Amount in Rs '000)
Public Issue Rights Issue

- -
Bonus Issue Private Placement

- -
III. Position of mobilisation and deployment of funds (Amount in Rs '000)
Total Liabilities Total Assets

175,788,114 175,788,114
IV Source of Funds (Amount in Rs '000)
Paid-up Capital Reserves and Surplus (shareholders)

1,507,090 10,599,550
Secured Loans Unsecured Loans

Nil Nil
Policyholders funds Others

163,681,474 Nil
V Application of Funds (Amount in Rs '000)
Net Fixed Assets Investments

1,644,417 171,565,360
Net Current Assets Miscellaneous Expenditure

(3,104,479) Nil
Accumulated loss (Shareholders) Others

5,605,846 76,970
VI. Performance of Company (Amount in Rs '000)
Turnover Total Expenditure

- -
Profit/Loss before tax Profit/Loss after tax

(706,727) (706,812)
Accumulated Profits
-
Earnings per share Dividend rate (%)

(4.69) Nil
Note: Being a life insurance company there is no turnover.
115
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED IRDA Registration No. 116 dated 3rd August, 2001 100
Balance sheet abstract and Company's general business profile
VII. Generic Names of Principal Products/Services of Company
Item code no (ITC code) -
Product description Life Insurance Business
Note:
The Company being a life insurance company the accounts of the Company are not required to be made in accordance with Schedule
VI. Further, the Insurance Act, 1938, requires the accounts of the Company to be split between Policyholders' & Shareholders'
Account. In view of this it is not possible to give all the information as required in Part III & Part IV of the Schedule.

Chairman Alternate Director and Director
Chief Executive Officer
Head - Legal &
Compliance
Place : Pune
116
Notes
Bajaj Allianz Life Insurance Co. Ltd.
BJAZ-O-0124/10-Jul-09
GE Plaza, Airport Road, Yerawada, Pune 411006.

www.bajajallianzlife.co.in
Insurance is the subject matter of the solicitation

BAJAJ ALLIANZ Annual Report 2008-09

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BAJAJ ALLIANZ Annual Report 2008-09

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BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED IRDA Registration No.

116 dated 3rd August, 2001

DALAL & SHAH

Revenue Account : Policyholders' Account (Technical Account) 10

Profit & Loss Account : Shareholders' Account (Non Technical Account) 15

Annexure to Revenue Account 34

Notes to Financial Statements 40

Cash Flow Statement 114

Balance Sheet abstract & Company's general business profile 115

registering a growth of 9.2%. The growth in the gross written

In accordance with the requirements of sub-section 2AA of

1 Mr. Rahul Bajaj, Bajaj Finserv Ltd. Director 52.45

2 Mr. Rahul Bajaj, Bajaj Auto Ltd. Director 6.82

4 Mr. Rahul Bajaj, Bajaj Allianz General Director 165.79

Mr. Ranjit Gupta, Director

6 Dr. Werner Zedelius Allianz Insurance Management Director 0.60

7 Mr. Heinz Dollberg Bajaj Allianz Financial Director 1,849.68

For Bajaj Allianz Life Insurance Company Limited

Rahul Bajaj Kamesh Goyal Niraj Bajaj

Sanjiv Bajaj S.H. Khan Ranjit Gupta

Sanjay Asher Suraj Mehta Manu Tandon

Rajesh Viswanathan Anil Singh Sameer Bakshi

Dalal & Shah B S R & Co.

Anish Amin Juzer Miyajiwala

Place : Pune Place : Pune

Annexure to the Auditors Report

To the Members of Bajaj Allianz Life Insurance Company Limited

2. The Company is not a trustee of any trust; and

Dalal & Shah B S R & Co.

Anish Amin Juzer Miyajiwala

Place : Pune Place : Pune

Revenue Account for the year ended 31st March 2009

Particulars Schedule Current Year Participating

PREMIUMS EARNED - Net

Total Surplus [ (a)+ (b)+ (c) ] 1,529,363 445,440 10,654

(Amount in Rs. '000)

Non Participating Linked

Individual Individual Individual Group Individual Individual Group Group

78,313 272,059 35,389 1,666,325 94,917,173 3,534,249 132,804 1,279,806

20,612 9,723 8,191 39,940 2,913,604 122,076 19,596 123,893

20,810 10,226 8,790 40,452 (29,370,855) (1,144,858) 12,505 79,670

21,927 72,519 39,032 907,577 2,773,075 119,120 1,695 5,547

8,791 64,107 (1,101) 9,996 990,835 - 641 -

Revenue Account for the year ended 31st March 2009

Particulars Schedule Previous Year Participating

PREMIUMS EARNED - Net

(Amount in Rs. '000)

Non Participating Linked

Individual Individual Individual Group Individual Individual Group Group

36,589 115,838 16,729 491,576 88,217,832 3,262,864 220,891 1,393,431

15,283 1,220 4,307 22,978 1,273,737 47,849 6,368 34,701

15,499 1,332 4,263 34,762 8,626,634 588,189 14,817 89,122

24,284 25,302 19,114 116,486 1,137,626 53,873 - 4,100

Revenue Account for the year ended 31st March 2009

Notes to Financial Statements 16

Sanjiv Bajaj S. H. Khan Ranjit Gupta

Sanjay Asher Suraj Mehta Manu Tandon

Rajesh Viswanathan Anil Singh Sameer Bakshi

Place : Pune Place : Pune

(Amount in Rs. '000)

Particulars Current Current Previous Previous

Amounts transferred from the 41,548 32,706

Notes to Financial statements 16

(Amount in Rs. '000)