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Our Investment Philosophy

As one of the leading private lifeinsurance companies, we know thatour customers trust their monies with

us to attain their long-term goals andto protect and achieve the dreamsand aspirations of their families.

With this in mind, our investmentfocus is to ensure long term Safety,Stability and Profitability of ourcustomers' funds.

Our aim is to achieve superior returnsfor a given level of risk. In order tomeet this objective, we havedeveloped an investment framework

that is based on a sound investmentprocess coupled with a rigorous andsophisticated risk managementstrategy.

Click to access:

Linked Life Funds

Linked Pension Funds

Performance Summary

Find your Fund

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The Investment Team Advises

5 Mantras of Financial Freedom

How we Manage your Money

Glossary of Terms

November, 2011(As on October 31, 2011)

To achieve your dream goal, be regular with your investmentsTo achieve your dream goal, be regular with your investments

8/3/2019 Ensure Nov 2011

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Performance Summary

**From the date of inception of the benchmark (2-April-2002)

Performance Summary

5 Mantras of Financial Freedom

The Investment Team Advises

Glossary of TermsHow we Manage your Money

Preserver 8.21% 8.52% 7.72% 6.17% 6.72% 6.16% -0.23 -2.78 28-Jun-04

Protector** 8.08% 7.39% 6.81% 7.00% 5.99% 5.82% -0.28 -0.75 15-Nov-01

Balancer** 12.97% 8.51% 12.48% 13.17% 7.32% 10.63% 0.04 -0.05 15-Nov-01

Maximiser 19.91% 8.30% 20.85% 22.90% 6.85% 17.92% 0.13 0.11 15-Nov-01

Flexi Growth 20.16% NA 7.99% 23.73% NA 7.16% NA NA 20-Mar-07

Flexi Balanced 13.94% NA 6.80% 16.76% NA 7.91% NA NA 20-Mar-07

Multiplier 20.58% NA -0.15% 22.67% NA -1.85% NA NA 26-Nov-07

R.I.C.H. Fund 19.28% NA 6.72% 23.45% NA 4.49% NA NA 17-Mar-08

Pension Preserver 8.03% 8.42% 7.56% 6.17% 6.72% 6.16% -0.33 -2.78 22-Jun-04

Pension Protector 7.69% 7.31% 6.93% 7.00% 5.99% 5.88% -0.33 -0.75 31-May-02

Pension Balancer 10.88% 7.25% 12.64% 13.17% 7.32% 11.21% -0.08 -0.05 31-May-02

Pension Maximiser 19.88% 8.16% 21.98% 22.90% 6.85% 19.13% 0.12 0.11 31-May-02

Pension Flexi Growth 21.69% NA 7.89% 23.73% NA 7.16% NA NA 20-Mar-07

Pension Flexi Balanced 13.65% NA 7.80% 16.76% NA 7.91% NA NA 20-Mar-07

Pension Multiplier Fund 16.42% NA -0.25% 22.67% NA 0.65% NA NA 25-Feb-08

Pension R.I.C.H. Fund 20.15% NA 6.94% 23.45% NA 4.57% NA NA 18-Mar-08

Date ofInceptionFund*

Annualized Returns(Benchmark)

5 Year Sharpe Ratio

3 Year 5 YearSince

Inception3 Year 5 Year

SinceInception Fund Benchmark

Annualised returns (Fund)

KEY INDICATORS

Equity IndicesOct 31,2011

Sep 30,2011

% Change

Global IndicesOct 31,2011

Sep 30,2011

% Change

Dow jones industrials 11,955 10,913 9.5

Hang seng 19,865 17,592 12.9

Ftse 100 5,544 5,128 8.1

Nikkei 225 stock average 8,988 8,700 3.3

Fixed IncomeYields

Oct 31,2011

Sep 30,2011

% Change

NSE Mibor 8.58% 8.32% 0.26%

5 year G-Sec 8.84% 8.32% 0.52%

5 year AAA 9.66% 9.51% 0.15%

10 year G-Sec 8.88% 8.42% 0.46%

10 year AAA 9.74% 9.56% 0.18%

Equity:NIFTY rallied ~8% for the month of October on theback of Europes comprehensive rescue plan. The net

FII flows for the month stood at a + $0.50bn afterbeing sellers for two months. Domestic institutionswere sellers to the tune of $.53bn, after being buyersfor the last two months. Economic data on thedomestic front continued to be disappointing.Inflation rate continued to be high at 9.72% yoy for themonth of September, while IP growth for the month ofAugust came in at 4.1%. In its October monetarypolicy, RBI further increased policy rates by 25 basispoints and it also guided the future rate hikes wereunlikely. The quarterly results reported in the month ofOctober were mixed as some companies reportedahead of expectations, while others missed. Gainersfor the month included autos, IT and metal stocks.

Outlook:We maintain our neutral view on the markets. Withthe European debt crisis far from being resolved and

concerns on global growth lingering, the markets a relikely to witness fair amount of volatility. On thedomestic front, while RBI has indicated a lowerprobability of further rate hikes, strength in crude andfood prices is likely to keep inflation rate high. Thus,the possibility of interest rates coming down in ahurry is low. Upcoming results as well as stock specificfactors will be the key drivers of performance in thecoming weeks. Sensex valuations 15x FY12E0, whichare higher than historical mean is likely to limit theupside. We continue to believe that Indias long termgrowth story remains intact and offers greatinvestment opportunities.

Fixed Income:In the monetary policy meeting held in October, RBIhiked Repo rate by 0.25% to 8.50%, which was in l ine

with market expectations. CRR remains unchanged at6% and Reverse Repo rate and Marginal StandingFacility (MSF) rate stand automatically adjusted to7.50% and 9.50% respectively. The accompanyingstatement came as a relief for the bond market as RBIsaid that likelihood of a rate action in December midquarter review was relatively low. RBI also added thatif the inflation trajectory headed downwards, furtherrate hikes may not be warranted. RBI projectedinflation to start fal ling by December 2011 and reach7% by March 2012. RBI acknowledged the downsi derisks to domestic growth given the uncertain globalenvironment and hence downwardly revised the GDPfor the current fiscal year to 7.6% from a previous 8%.What may be construed as a landmark in policychange, RBI deregulated the savings rate of banks.This is expected the increase the cost of borrowings ofbanks. The IIP figure for the month of August was

noted at 4.1%. WPI inflation for the month ofSeptember was noted at 9.72%. The Indian Rupeeappreciated to 48.70 against the dollar as on31 October 2011.

Outlook:We remain neutral on the bond market. We believethat inflation has already peaked and that goingforward, inflation should sequentially headsouthwards. Correction in global commodity pricestogether with weaker domestic growth shouldfurther support the bond market. We expect RBI toannounce Open Market Operation (OMO) aroundmid-December 2011. All these factors are expectedto support the bond market. Concerns on fiscalslippage and continued supply of government bondswill keep the upward pressure on yields. Globaldevelopments will continue to play a major role in

shaping the yield movements. We expect Indianrupee to remain range bound against the dollar.

BenchmarkReturns

3yr 5yr

BSE 100 -13.56 22.90 6.85

CRISIL 5.84% 7.00% 5.99%

1yr

GDP Growth Rate

5 year CAGR FY 2010 FY 2011

8.16% 8.00% 8.50%

Economic IndicatorsOct 31,2011

Sep 30,2011

Change

Rs/$ 48.70 48.97 -0.56%

F/X Reserve($ bln) 318.358 312.707 1.81%

Oil 93.19 82.34 13.18%

Gold (Rs./10 gm) 27,201 25,951 4.82%

FII Fund flow (INR mn) 24,691 -11,468 36,159

MF Fund flow (INR mn) -3,617 -7,771 4,154

DII Fund flow (INR mn) -22,953 17,471 -40,423

DII - MF fund flow -19,336 25,242 -44,577

As on October 31, 2011

Equity Market

Oct 2011

Monthly Inflation (WPI) 9.72% 9.78%

Sep 2011

BSE SENSEX 17,705 16,454 7.6

S&P CNX NIFTY (50) 5,327 4,943 7.8

INDIA BSE MIDCAP 6,298 6,130 2.7

CNX MIDCAP INDEX 7,267 7,094 2.4

Debt Market

Linked Pension FundsLinked Life Funds

Find your Fund

*Fund details including Segregated Fund Identification Number (SFIN) provided on subsequent pages

Yield Curve

7%

8%

9%

10%

6m 1y 2y 3y 4y 5y 6y 7y 10y 30y

Maturity

29-Sep 31-OctMovement of Sensex and Nifty

14,500

15,000

15,500

16,000

16,500

17,000

17,500

18,000

4,4004,5004,6004,7004,8004,9005,0005,1005,2005,3005,4005,500

Sensex Nifty

3-Oct

4-Oct

5-Oct

7-Oct

10-Oct

11-Oct

12-Oct

13-Oct

14-Oct

17-Oct

18-Oct

19-Oct

20-Oct

21-Oct

24-Oct

25-Oct

26-Oct

28-Oct

31-Oct

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For full portfolio details please Click Here

Balancer

FUND OBJECTIVETo provide a balance between long-term capital appreciationand current income through investment in equity as well asfixed income instruments in appropriate proportionsdepending on market conditions prevalent from time to time.

BENCHMARK

35% BSE 100&65% CRISIL Composite Bond Index

DATE OF INCEPTION: Nov 15, 2001

RISK PROFILE

Expectedr

et

urn

Risk

PORTFOLIO

AUM (Rs. Million): 18,764.04

Allocation inFund

EQUITY 33.89%DEBT 55.91%OTHER CURRENT ASSET & EQUIVALENT 10.20%TOTAL 100.00%

Asset Allocation

Allocation as a% in Equity

BANK 16.19%METALS & MINERALS 16.09%OIL & GAS 13.99%TECHNOLOGY 10.95%AUTO 10.60%

Top 5 Sectors In Equity


RELIANCE INDUSTRIES LTD. 10.52%H D F C BANK LTD. 8.68%INFOSYS TECHNOLOGIES LTD. 8.45%BHARTI AIRTEL LTD. 8.01%I T C LTD. 6.63%MAHINDRA & MAHINDRA LTD. 6.31%TATA STEEL LTD. 5.44%STATE BANK OF INDIA 5.01%

STERLITE INDUSTRIES (INDIA) LTD. 4.49%JINDAL STEEL & POWER LTD. 3.60%

Top 10 Equity Stocks

Debt Asset Allocation

GOVERNMENT SECURITIES/ T BILLS 10.80%CORPORATE SECURITIES 29.27%

AAA AND EQUIVALENT 19.63%AA+ AND EQUIVALENT 3.09%AA EQUIVALENT AND BELOW 6.55%

CORPORATE MONEY MARKET SECURITIES 0.10%COMMERCIAL PAPER (P1+AND EQUIVALENT) 0.10%CERTIFICATE OF DEPOSIT (P1+ ANDEQUIVALENT) 0.00%

FIXED DEPOSITS WITH BANKS 15.73%

Allocation in Fund

Average Maturity of Debt Portfol io (Months) 41.49Average Maturity of Debt Benchmark (Months) 44.43Yield to Maturity of Debt Portfolio 9.83%

*** Last declared NAV (31-Oct-2011)

PERFORMANCE SUMMARY


NAV GROWTH

Balancer Benchmark

* calculated with effect from 2-Apr-02, as benchmark did not existbefore this date

ANNUALIZED RETURNS

Balancer Benchmark

FUND SFIN NAV*** Rs.Balancer Fund ULIF 002 22/10/01 LBalancer1 105 34.6Balancer Fund II ULIF 014 17/05/04 LBalancer2 105 23.7Balancer Fund III ULIF 023 13/03/06 LBalancer3 105 16Balancer Fund IV ULIF 039 27/08/07 LBalancer4 105 14.28

Preserver

Flexi Growth

Opportunity

Flexi Balanced

Money Market

Protector Maximiser

RICH

Income

Multi Cap GrowthMulti Cap BalancedDynamic P/E

Balancer

Multiplier

Bluechip

Pinnacle


Indicative Portfolio Allocation

ASSET ALLOCATION

Max (%) Min (%)

Equity & equity related securities 40 0

Debt, Money Market & Cash 100 60

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%

12.00%

14.00%

3 Year 5 Year Since inception*

10.00

12.00

14.00

16.00

18.00

20.00

22.00

24.00

26.00

28.00

30.00

32.00

34.00

36.00

Apr-02 Aug-04 Jan-07 Jun-09 Oct-11
http://www.iciciprulife.com/public/Fund-Performance/Portfolio-Details.htmhttp://www.iciciprulife.com/public/Fund-Performance/Portfolio-Details.htm

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FUND OBJECTIVETo provide accumulation of income through investment invarious fixed income securities. The fund seeks to providecapital appreciation while maintaining a suitable balancebetween return, safety and liquidity.

Protector

For full portfolio details please

BENCHMARK

CRISIL Composite Bond Index



ASSET ALLOCATION

RISK PROFILE

Expectedr

eturn

Risk

PORTFOLIO

< 1 year 36.09%1-5 years 37.82%5-7 years 1.77%7-10 years 22.43%> 10 years 1.88%TOTAL 100.00%

Portfolio By Maturity Allocation inFund

Average Maturity of Debt Portfol io (Months) 40.89Average Maturity of Benchmark (Months ) 44.43Yield to Maturity of Debt Portfolio 9.81%


Asset Allocation Allocation in Fund


PERFORMANCE SUMMARY

ANNUALIZED RETURNS

Protector Benchmark


* calculated with effect from 2-Apr-02, as benchmark did not existbefore this date

GOVERNMENT SECURITIES / T BILLS 17.81%CORPORATE SECURITIES 42.98%


CORPORATE MONEY MARKET SECURITIES 1.69%COMMERCIAL PAPER (P1+ ANDEQUIVALENT) 1.69%CERTIFICATE OF DEPOSIT (P1+AND EQUIVALENT) 0.00%

FIXED DEPOSITS WITH BANKS 24.15%OTHER CURRENT ASSETS ANDEQUIVALENT 13.37%

TOTAL 100.00%

NAV GROWTH

Protector Benchmark


FUND SFIN NAV*** Rs.Protector Fund ULIF 003 22/10/01 LProtect1 105 21.0246Protector Fund II ULIF 016 17/05/04 LProtect2 105 16.2712Protector Fund III ULIF 024 13/03/06 LProtect3 105 14.8354Protector Fund IV ULIF 041 27/08/07 LProtect4 105 13.9684

ProtectorBalancer


Preserver

Flexi GrowthFlexi Balanced

Money Market

Maximiser

RICH

Income


Multiplier

Bluechip

Pinnacle

Opportunity

Indicative Portfolio Allocation Max (%) Min (%)

Click Here

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

3 Year 5 Year Since inception*

10.00

11.00

12.00

13.00

14.00

15.00

16.00

17.00

18.00

19.00

20.00

21.00

22.00

Nov-01 Apr-03 Sep-04 Feb-06 Jul -07 Dec -08 May-10 Oct -11

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Maximiser

PORTFOLIO



BANK 17.33%METALS & MINERALS 16.01%OIL & GAS 11.75%TECHNOLOGY 11.24%AUTO 10.70%CONSUMER 7.40%TELECOM 6.67%CEMENT 5.63%FINANCE 3.64%PHARMA & HEALTHCARE 2.39%INFRASTRUCTURE 2.26%CAPITAL GOODS 1.84%EPC 1.16%RETAIL 1.03%OTHERS 0.56%REAL ESTATE 0.40%

Sector AllocationAllocation as a

% in Equity

RELIANCE INDUSTRIES LTD. 9.59%H D F C BANK LTD. 8.99%INFOSYS TECHNOLOGIES LTD. 7.88%I T C LTD. 6.70%BHARTI AIRTEL LTD. 6.67%MAHINDRA & MAHINDRA LTD. 6.44%TATA STEEL LTD. 5.67%STATE BANK OF INDIA 5.38%STERLITE INDUSTRIES (INDIA) LTD. 5.17%JINDAL STEEL & POWER LTD. 4.10%A C C LTD. 3.30%MARUTI SUZUKI INDIA LTD. 3.20%TATA CONSULTANCY SERVICES LTD. 2.84%

SHRIRAM TRANSPORT FINANCE CO. LTD. 2.79%LUPIN LTD. 2.39%POWER GRID CORPN. OF INDIA LTD. 2.08%GRASIM INDUSTRIES LTD. 1.96%AXIS BANK LTD. 1.87%BHARAT HEAVY ELECTRICALS LTD. 1.23%HINDUSTAN ZINC LTD. 1.07%

Top 20 Equity stocks Allocation as a% in Equity

EQUITY 90.93%

DEBT AND OTHER CURRENT ASSETS &EQUIVALENT 9.07%

TOTAL 100.00%

Asset AllocationAllocation in

Fund

PERFORMANCE SUMMARY

ANNUALIZED RETURNS

FUND OBJECTIVETo generate long-term capital appreciation throughinvestment primarily in equity and equity-related instruments.

RISK PROFILE

Expected

retu

rn

Risk

NAV GROWTH

Maximiser BenchmarkMaximiser Benchmark


BENCHMARK

BSE 100



ASSET ALLOCATION


FUND SFIN NAV*** Rs.Maximiser Fund ULIF 001 22/10/01 LMaximis1 105 66Maximiser Fund II ULIF 012 17/05/04 LMaximis2 105 36.98Maximiser Fund III ULIF 022 13/03/06 LMaximis3 105 16.69Maximiser Fund IV ULIF 037 27/08/07 LMaximis4 105 13.17Maximiser Fund V ULIF 114 15/03/11 LMaximis5 105 10.68

Protector MaximiserBalancer


Preserver


Money Market

RICH

Income


Multiplier

Bluechip

Pinnacle

Opportunity


Click Here

0.00%

5.00%

10.00%

15.00%

20.00%

25.00%

3 Year 5 Year Since inception

8.00

16.00

24.00

32.00

40.00

48.00

56.00

64.00

72.00

80.00

Nov-01 Dec-02 Feb-04 Mar-05 Apr-06 May-07 Jul-08 Aug-09 Sep-10 Oct-11

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Average Maturity of Portfolio (Months) 4.62Average Maturity of Debt Benchmark (Months) 2.23Yield to Maturity of Debt Portfolio 9.73%


Debt

Portfolio by Maturity Allocation inFund

< 1 year 92.44%

1-5 years 7.56%5-7 years 0.00%

7-10 years 0.00%> 10 years 0.00%TOTAL 100.00%

Preserver

FUND OBJECTIVETo provide suitable returns through low risk investments indebt and money market instruments while attempting toprotect the capital deployed in the fund.

PERFORMANCE SUMMARY

PORTFOLIO





CORPORATE MONEY MARKET SECURITIES 57.64%COMMERCIAL PAPER (P1+ ANDEQUIVALENT) 57.64%

CERTIFICATE OF DEPOSIT (P1+ ANDEQUIVALENT) 0.00%

FIXED DEPOSITS WITH BANKS 32.72%OTHER CURRENT ASSETS AND EQUIVALENT 5.77%

TOTAL 100.00%


RISK PROFILE

Risk

Expectedr

eturn


NAV GROWTH

Preserver Benchmark

ANNUALIZED RETURNS

Preserver Benchmark


Debt instruments 50 0

Money Market & Cash 100 50

ASSET ALLOCATION

BENCHMARK

CRISIL Liquid Index

DATE OF INCEPTION: June 28, 2004

FUND SFIN NAV*** Rs.Preserver Fund ULIF 010 17/05/04 LPreserv1 105 17.2701Preserver Fund III ULIF 021 13/03/06 LPreserv3 105 15.5075Preserver Fund IV ULIF 036 27/08/07 LPreserv4 105 13.9376

PreserverBalancer



Money Market

Protector Maximiser

RICH

Income


Multiplier

Bluechip

Pinnacle

Opportunity


Click Here

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%


10.00

11.00

12.00

13.00

14.00

15.00

16.00

17.00

18.00

Jun-04 Mar-05 Jan-06 Nov-06 Sep-07 Jul-08 May-09 Mar-10 Dec-10 Oct-11

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BANK 19.14%OIL & GAS 18.90%

TECHNOLOGY 12.40%AUTO 9.85%METALS & MINERALS 8.58%CONSUMER 7.97%INFRASTRUCTURE 6.48%TELECOM 4.46%CEMENT 3.33%OTHERS 2.38%FINANCE 2.01%MEDIA 1.57%PHARMA & HEALTHCARE 1.38%EPC 1.01%CAPITAL GOODS 0.54%


% in Equity

INFOSYS TECHNOLOGIES LTD. 9.83%MAHINDRA & MAHINDRA LTD. 7.81%H D F C BANK LTD. 7.70%I T C LTD. 7.15%RELIANCE INDUSTRIES LTD. 7.03%OIL & NATURAL GAS CORPN. LTD. 4.85%BHARTI AIRTEL LTD. 4.46%AXIS BANK LTD. 4.16%STATE BANK OF INDIA 3.52%GRASIM INDUSTRIES LTD. 2.87%N T P C LTD. 2.86%GAIL (INDIA) LTD. 2.79%POWER GRID CORPN. OF INDIA LTD. 2.60%TATA CONSULTANCY SERVICES LTD. 2.57%STERLITE INDUSTRIES (INDIA) LTD. 1.88%

JINDAL STEEL & POWER LTD. 1.81%ASHOK LEYLAND LTD. 1.72%BHARAT PETROLEUM CORPN. LTD. 1.63%JAGRAN PRAKASHAN LTD. 1.57%SHRIRAM TRANSPORT FINANCE CO. LTD. 1.55%

Top 20 Equity StocksAllocation as a

% in Equity

Multiplier

PERFORMANCE SUMMARY

ANNUALIZED RETURNS

PORTFOLIO


Allocation inFund

EQUITY 94.12%DEBT AND OTHER CURRENT ASSET & EQUIVALENT 5.88%TOTAL 100.00%

Asset Allocation

FUND OBJECTIVETo provide long-term capital appreciation from equityportfolio predominantly invested in NIFTY scrips.

BENCHMARK

S&P CNX Nifty



ASSET ALLOCATION



RISK PROFILE

Risk

Expectedr

eturn

NAV GROWTH

Multiplier Benchmark Multiplier Benchmark



FUND SFIN NAV*** Rs.Multipl ier Fund ULIF 042 22/11/07 LMultip1 105 9.94Multiplier Fund II ULIF 044 25/02/08 LMultip2 105 11.29Multiplier Fund III ULIF 046 25/02/08 LMultip3 105 10.95Multiplier Fund IV ULIF 047 25/02/08 LMultip4 105 11.26

Multiplier

Balancer


Preserver


Money Market

Protector Maximiser

RICH

Income


Bluechip

Pinnacle

Opportunity


Click Here

-15.00%

-10.00%

-5.00%

0.00%

5.00%

10.00%

15.00%

20.00%

25.00%


-0.15

4.00

5.00

6.00

7.00

8.00

9.00

10.00

11.00

12.00

Nov-07 Sep-08 Jun-09 Apr-10 Jan-11 Oct-11

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RICH

FUND OBJECTIVETo generate superior long-term returns from a diversifiedportfolio of equity and equity related instruments ofcompanies operating in four important types of industries,viz., Resources, Investment-related, Consumption-related andHuman Capital leveraged industries.

PERFORMANCE SUMMARY

ANNUALIZED RETURNS

PORTFOLIO


Allocation inFund


Asset Allocation

BANK 21.73%OIL & GAS 15.78%

TECHNOLOGY 9.99%CONSUMER 7.72%AUTO 7.27%TELECOM 5.96%METALS & MINERALS 5.63%INFRASTRUCTURE 5.61%PHARMA & HEALTHCARE 5.10%FINANCE 4.18%CAPITAL GOODS 3.25%CEMENT 2.55%EPC 2.21%OTHERS 1.45%RETAIL 0.74%REAL ESTATE 0.51%MEDIA 0.31%


% in Equity

RELIANCE INDUSTRIES LTD. 7.73%INFOSYS TECHNOLOGIES LTD. 6.96%I T C LTD. 6.86%BHARTI AIRTEL LTD. 5.32%AXIS BANK LTD. 4.41%PUNJAB NATIONAL BANK 3.61%MAHINDRA & MAHINDRA LTD. 3.15%H D F C BANK LTD. 3.11%BANK OF BARODA 3.10%OIL & NATURAL GAS CORPN. LTD. 3.06%N T P C LTD. 2.31%TATA MOTORS LTD. 2.15%HOUSING DEVELOPMENT FINANCE CORPN. LTD 2.05%TATA CONSULTANCY SERVICES LTD. 1.90%DR. REDDY'S LABORATORIES LTD. 1.80%GAIL (INDIA) LTD. 1.80%BHARAT HEAVY ELECTRICALS LTD. 1.73%TATA POWER CO. LTD. 1.73%TATA STEEL LTD. 1.68%BHARAT PETROLEUM CORPN. LTD. 1.65%

Top 20 Equity Stocks Allocation as a% in Equity




ASSET ALLOCATION

BENCHMARK

BSE 100

RISK PROFILE

Expectedr

e

turn

Risk

ANNUALIZED RETURNS NAV GROWTH

RICH Benchmark RICH Benchmark


DATE OF INCEPTION: Mar 17, 2008

FUND SFIN NAV*** Rs.R.I.C.H. Fund ULIF 048 17/03/08 LRICH1 105 12.66R.I.C.H. Fund I I UL IF 049 17 /03/08 LRICH2 105 13.05R.I.C.H. Fund III UL IF 050 17 /03/08 LR ICH3 105 12.68R.I.C.H. Fund IV ULIF 051 17 /03/08 LR ICH4 105 13.04

RICH

Balancer


Preserver


Money Market

Protector Maximiser

Income


Multiplier

Bluechip

Pinnacle

Opportunity


Click Here

-20.00%

-10.00%

0.00%

10.00%

20.00%

30.00%


5.00

6.00

7.00

8.00

9.00

10.00

11.00

12.00

13.00

14.00

15.00

16.00

Mar-08 Jul-08 Dec-08 Apr-09 Aug-09 Jan-10 May-10 Sep-10 Feb-11 Jun-11 Oct-11

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BANK 20.89%OIL & GAS 12.67%METALS & MINERALS 11.07%TECHNOLOGY 10.47%CONSUMER 9.80%

Top 5 SectorsIn Equity

RELIANCE INDUSTRIES LTD. 6.47%I T C LTD. 6.10%INFOSYS TECHNOLOGIES LTD. 5.43%BHARTI AIRTEL LTD. 4.38%BANK OF BARODA 4.09%TATA CONSULTANCY SERVICES LTD. 3.70%TATA STEEL LTD. 3.36%STATE BANK OF INDIA 3.27%

AXIS BANK LTD. 3.26%PUNJAB NATIONAL BANK 2.95%




CORPORATE MONEY MARKET SECURITIES 0.07%

COMMERCIAL PAPER (P1+ ANDEQUIVALENT) 0.07%CERTIFICATE OF DEPOSIT (P1+ ANDEQUIVALENT) 0.00%


Allocation in FundDebt Asset Allocation

Average Maturity of Debt Portfolio (Months) 43.76Average Maturity of Debt Benchmark (Months) 44.43Yield to Maturity of Debt Portfolio 9.83%


Allocation inFund

Flexi Balanced

FUND OBJECTIVETo achieve a balance between capital appreciation and stablereturns by investing in a mix of equity and equity relatedinstruments of large, mid and small cap companies and debtand debt related instruments.


PERFORMANCE SUMMARY

ANNUALIZED RETURNS



ASSET ALLOCATION

BENCHMARK

55% CNX 500 & 45% CRISIL Composite Bond Index

PORTFOLIO


Asset Allocation



EQUITY 53.32%DEBT 39.05%OTHER CURRENT ASSET & EQUIVALENT 7.63%TOTAL 100.00%RISK PROFILE

Risk

Expectedre

turn

Flexi Balanced Benchmark

NAV GROWTH

Flexi Balanced Benchmark


Flexi Balanced

Balancer



FUND SFIN NAV*** Rs.Flexi Balanced Fund ULIF 031 20/03/07 LFlexiBal1 105 13.55Flexi Balanced Fund II ULIF 032 20/03/07 LFlexiBal2 105 14.51Flexi Balanced Fund III ULIF 033 20/03/07 LFlexiBal3 105 13.42Flexi Balanced Fund IV ULIF 040 27/08/07 LFlexiBal4 105 12.85

Preserver

Flexi Growth

Money Market

Protector Maximiser

RICH

Income


Multiplier

Bluechip

Pinnacle

Opportunity


Click Here

-10.00%

-5.00%

0.00%

5.00%

10.00%

15.00%

20.00%

1 Year 3 Year Since inception8.00

9.00

10.00

11.00

12.00

13.00

14.00

15.00

16.00

Mar-07 Dec-07 Oct-08 Jul-09 Apr-10 Jan-11 Oct-11

8/3/2019 Ensure Nov 2011

10/40

BANK 18.07%OIL & GAS 16.00%

TECHNOLOGY 11.70%CONSUMER 9.33%INFRASTRUCTURE 8.36%AUTO 7.84%METALS & MINERALS 7.32%TELECOM 4.28%PHARMA & HEALTHCARE 4.11%CEMENT 3.72%FINANCE 2.95%OTHERS 2.65%CAPITAL GOODS 2.50%EPC 0.87%MEDIA 0.30%

Sector Allocation

H D F C BANK LTD. 7.26%INFOSYS TECHNOLOGIES LTD. 6.69%MAHINDRA & MAHINDRA LTD. 6.47%OIL & NATURAL GAS CORPN. LTD. 4.99%AXIS BANK LTD. 4.77%I T C LTD. 4.49%N T P C LTD. 3.80%RELIANCE INDUSTRIES LTD. 3.62%BHARTI AIRTEL LTD. 3.56%LUPIN LTD. 3.10%GRASIM INDUSTRIES LTD. 2.75%KANSAI NEROLAC PAINTS LTD. 2.70%GAIL (INDIA) LTD. 2.64%POWER GRID CORPN. OF INDIA LTD. 2.44%BANK OF BARODA 2.10%

STATE BANK OF INDIA 2.06%BHARAT PETROLEUM CORPN. LTD. 1.65%TATA CHEMICALS LTD. 1.62%TATA CONSULTANCY SERVICES LTD. 1.55%STERLITE INDUSTRIES (INDIA) LTD. 1.49%

Flexi Growth

FUND OBJECTIVETo generate superior long-term returns from a diversifiedportfolio of equity and equity related instruments of large,mid and small cap companies.



ASSET ALLOCATION

BENCHMARK

S&P CNX 500

PERFORMANCE SUMMARY

ANNUALIZED RETURNS


PORTFOLIO


Allocation inFund


Asset Allocation


% in Equity



RISK PROFILE

Risk

Expectedr

et

urn

NAV GROWTH

Flexi Growth Benchmark Flexi Growth Benchmark


Flexi Growth

Balancer



FUND SFIN NAV*** Rs.Flexi Growth Fund ULIF 026 20/03/07 LFlexiGro1 105 14.26Flexi Growth Fund II ULIF 027 20/03/07 LFlexiGro2 105 14.75Flexi Growth Fund III ULIF 028 20/03/07 LFlexiGro3 105 14.21Flexi Growth Fund IV ULIF 038 27/08/07 LFlexiGro4 105 12.62

Preserver

Flexi Balanced

Money Market

Protector Maximiser

RICH

Income


Multiplier

Bluechip

Pinnacle

Opportunity


Click Here

-20.00%

-10.00%

0.00%

10.00%

20.00%

30.00%


7.00

8.00

9.00

10.00

11.00

12.00

13.00

14.00

15.00

16.00

17.00

18.00

19.00

Mar-07 Dec-07 Oct-08 Jul-09 Apr-10 J an-11 Oct-11

8/3/2019 Ensure Nov 2011

11/40

BANK 23.76%TECHNOLOGY 15.97%

OIL & GAS 12.18%FINANCE 9.27%CONSUMER 8.86%METALS & MINERALS 7.95%TELECOM 5.48%EPC 4.57%AUTO 4.12%CEMENT 4.07%RETAIL 1.19%INFRASTRUCTURE 1.09%OTHERS 1.09%PHARMA & HEALTHCARE 0.41%CAPITAL GOODS 0.00%

Sector Allocation

INFOSYS TECHNOLOGIES LTD. 9.26%RELIANCE INDUSTRIES LTD. 9.21%I T C LTD. 8.86%HOUSING DEVELOPMENT FINANCE CORPN. LTD 5.75%INDUSIND BANK LTD. 4.85%BHARTI AIRTEL LTD. 4.75%LARSEN & TOUBRO LTD. 4.57%TATA CONSULTANCY SERVICES LTD. 4.54%BANK OF BARODA 4.38%AXIS BANK LTD. 4.00%PUNJAB NATIONAL BANK 3.77%ALLAHABAD BANK 3.12%H D F C BANK LTD. 2.82%TATA STEEL LTD. 2.80%JINDAL STEEL & POWER LTD. 2.32%

TATA MOTORS LTD. 2.20%A C C LTD. 2.08%POWER FINANCE CORPN. LTD. 2.07%GAIL (INDIA) LTD. 1.63%HINDALCO INDUSTRIES LTD. 1.60%

Bluechip

FUND OBJECTIVETo provide long-term capital appreciation from equityportfolio predominantly invested in large cap stocks.



ASSET ALLOCATION

BENCHMARK

Nifty

PERFORMANCE SUMMARY

ANNUALIZED RETURNS


PORTFOLIO

AUM (Rs. Million): 787.81

Allocation inFund


Asset Allocation


% in Equity



RISK PROFILE

Risk

Expected

return

NAV GROWTH

Bluechip Benchmark Bluechip Benchmark


Bluechip

Balancer



FUND SFIN NAV*** Rs.Blue Chip Fund ULIF 087 24/11/09 LBluChip 105 10.14

Preserver


Money Market

Protector Maximiser

RICH

Income


Multiplier

Pinnacle

Opportunity


Click Here

-15.00%

-10.00%

-5.00%

0.00%

5.00%

1 Year Since inception

0.72%

9.00

10.00

11.00

12.00

13.00

Nov-09 May-10 Nov-10 May-11 Oct-11

8/3/2019 Ensure Nov 2011

12/40

Income

FUND OBJECTIVETo provide accumulation of income through investment invarious fixed income securities. The Fund seeks to providecapital appreciation while maintaining a suitable balancebetween return, safety and liquidity.

Debt Instruments, Money Market & Cash 100 100

ASSET ALLOCATION

BENCHMARK


PERFORMANCE SUMMARY

ANNUALIZED RETURNS


PORTFOLIO


NAV GROWTH

Income Benchmark Income Benchmark


Income

Balancer


Average Maturity of Portfolio (Months) 34.30

Yield to Maturity of Debt Portfolio 9.74%


Debt


< 1 year 48.70%

1-5 years 30.62%5-7 years 1.43%








TOTAL 100.00%

RISK PROFILE

Risk

Expectedr

et

urn


FUND SFIN NAV*** Rs.Income Fund ULIF 089 24/11/09 LIncome 105 11.3353

Preserver


Money Market

Protector Maximiser

RICH


Multiplier

Bluechip

Pinnacle

Opportunity


Click Here

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%


9.50

9.75

10.00

10.25

10.50

10.75

11.00

11.25

11.50

Nov-09 May-10 Nov-10 May-11 Oct-11

8/3/2019 Ensure Nov 2011

13/40

Money Market

FUND OBJECTIVETo provide suitable returns through low risk investments indebt and money market instruments while attempting toprotect the capital deployed in the Fund.

PERFORMANCE SUMMARY

ANNUALIZED RETURNS


PORTFOLIO


NAV GROWTH

Money Market Benchmark Money Market Benchmark


Balancer

Money Market

Debt Instruments 50 0


ASSET ALLOCATION

BENCHMARK

CRISIL Liquid Index


Average Maturity of Portfolio (Months) 4.61

Average Maturity Of Debt Benchmark (months) 2.23Yield to Maturity of Debt Portfolio 9.79%


Debt


< 1 year 92.54%

1-5 years 7.46%5-7 years 0.00%








TOTAL 100.00%

RISK PROFILE

Risk

Expectedr

et

urn


FUND SFIN NAV*** Rs.Money Market Fund ULIF 090 24/11/09 LMoneyMkt 105 11.3996

Preserver


Protector Maximiser

RICH

Income


Multiplier

Bluechip

Pinnacle

Opportunity


Click Here

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%


10.00

10.25

10.50

10.75

11.00

11.25

11.50

Nov-09 Jul-10 Mar-11 Oct-11

8/3/2019 Ensure Nov 2011

14/40

BANK 14.24%OIL & GAS 13.77%TECHNOLOGY 13.02%METALS & MINERALS 10.78%CONSUMER 10.00%FINANCE 5.60%INFRASTRUCTURE 5.30%AUTO 4.98%TELECOM 4.65%EPC 4.21%OTHERS 3.81%CEMENT 3.49%CAPITAL GOODS 2.51%MEDIA 1.46%PHARMA & HEALTHCARE 1.12%REAL ESTATE 1.00%RETAIL 0.05%

Sector Allocation

INFOSYS TECHNOLOGIES LTD. 8.92%I T C LTD. 8.73%H D F C BANK LTD. 6.52%RELIANCE INDUSTRIES LTD. 5.62%BHARTI AIRTEL LTD. 4.38%TATA STEEL LTD. 4.36%TATA CONSULTANCY SERVICES LTD. 4.11%HOUSING DEVELOPMENT FINANCE CORPN. LTD 3.85%BANK OF BARODA 2.74%CAIRN INDIA LTD. 2.58%AXIS BANK LTD. 2.39%OIL & NATURAL GAS CORPN. LTD. 2.28%MAHINDRA & MAHINDRA LTD. 1.97%

A C C LTD. 1.93%STATE BANK OF INDIA 1.88%STERLITE INDUSTRIES (INDIA) LTD. 1.75%GAIL (INDIA) LTD. 1.59%GRASIM INDUSTRIES LTD. 1.56%JINDAL STEEL & POWER LTD. 1.52%BHARAT HEAVY ELECTRICALS LTD. 1.47%

Opportunity

FUND OBJECTIVETo generate superior long-term returns from a diversifiedportfolio of equity and equity related instruments ofcompanies operating in four important types of industries viz.,Resources, Investment-related, Consumption-related andHuman Capital leveraged industries.

BENCHMARK

BSE 200

PERFORMANCE SUMMARY

ANNUALIZED RETURNS


PORTFOLIO


Allocation inFund


Asset Allocation

Top 20 Equity Stocks Allocation as a% in Equity



RISK PROFILE

Risk

Expectedreturn

NAV GROWTH

Opportunity Benchmark Opportunity Benchmark


Balancer

Opportunity



FUND SFIN NAV*** Rs.Opportunity Fund ULIF 086 24/11/09 LOpport 105 10.6

Preserver


Money Market

Protector Maximiser

RICH

Income


Multiplier

Bluechip

Pinnacle



ASSET ALLOCATION


Click Here

-20.00%

-15.00%

-10.00%

-5.00%

0.00%

5.00%


9.00

10.00

11.00

12.00

13.00

Nov-09 Jul-10 Mar-11 Oct-11

8/3/2019 Ensure Nov 2011

15/40

Dynamic P/E

FUND OBJECTIVETo provide long term capital appreciation through dynamicasset allocation between equity and debt. The allocation inequity and equity related securities is determined by reference

1to the P/E multiple of a basket of 50 large cap stocks ; theremainder is to be invested in debt instruments, moneymarket and cash.

BENCHMARK

NIFTY- 75%MIBEX - 25%

PERFORMANCE SUMMARY

ANNUALIZED RETURNS


PORTFOLIO


RISK PROFILE

Risk

Expectedreturn

NAV GROWTH

Dynamic P/E Benchmark Dynamic P/E Benchmark


Dynamic P/E

Balancer


Allocation inFund


Asset Allocation

BANK 18.11%TECHNOLOGY 14.47%OIL & GAS 13.83%CONSUMER 9.06%AUTO 8.54%


INFOSYS TECHNOLOGIES LTD. 9.01%RELIANCE INDUSTRIES LTD. 8.91%H D F C BANK LTD. 7.65%I T C LTD. 6.75%HOUSING DEVELOPMENT FINANCE CORPN. LTD 6.18%LARSEN & TOUBRO LTD. 4.70%STATE BANK OF INDIA 4.69%TATA CONSULTANCY SERVICES LTD. 3.50%

BHARTI AIRTEL LTD. 2.86%AXIS BANK LTD. 2.76%








Average Maturity Of Debt Portfolio (months) 71.40Yield To Maturity Of Debt Portfolio 8.87%




DATE OF INCEPTION: Jan 11, 2010

FUND SFIN NAV*** Rs.Dynamic P/E Fund ULIF 097 11/01/10 LDynmicPE 105 10.78

Preserver


Money Market

Protector Maximiser

RICH

Income

Multi Cap GrowthMulti Cap Balanced

Multiplier

Bluechip

Pinnacle

Opportunity

Debt Instruments and Derivaties 100 0 %

Equity and Equity related securities 100 0 %

ASSET ALLOCATION


Click Here

-10.00%

-8.00%

-6.00%

-4.00%

-2.00%

0.00%

2.00%

4.00%

6.00%


9.00

9.50

10.00

10.50

11.00

11.50

12.00

12.50

Jan-10 May-10 Sep-10 Feb-11 Jun-11 Oct-11

1Source: Based on prices and consensus earnings estimates from Bloomberg.

8/3/2019 Ensure Nov 2011

16/40

Multi Cap Balanced

FUND OBJECTIVETo achieve a balance between capital appreciation and stablereturns by investing in a mix of equity and equity relatedinstruments of large, mid and small cap companies and debtand debt related instruments.

Equity & Equity Related Securities 60 0


ASSET ALLOCATION

BENCHMARK

CNX 500 - 55%CRISIL - 45%

PERFORMANCE SUMMARY

ANNUALIZED RETURNS


PORTFOLIO


NAV GROWTH

Multi Cap Balanced Benchmark Multi Cap Balanced Benchmark


Multi Cap Balanced

Balancer


Allocation inFund


Asset Allocation

BANK 20.40%OIL & GAS 10.75%METALS & MINERALS 9.69%TECHNOLOGY 9.37%CONSUMER 8.11%


I T C LTD. 6.18%RELIANCE INDUSTRIES LTD. 5.81%INFOSYS TECHNOLOGIES LTD. 5.67%BHARTI AIRTEL LTD. 4.52%AXIS BANK LTD. 3.49%HOUSING DEVELOPMENT FINANCE CORPN. LTD 3.14%STATE BANK OF INDIA 3.12%BANK OF BARODA 3.11%

TATA STEEL LTD. 3.06%TATA CONSULTANCY SERVICES LTD. 2.89%








Average Maturity Of Debt Portfolio (months) 42.67Average Maturity Of Debt Benchmark (months) 44.43Yield To Maturity Of Debt Portfolio 9.67%




RISK PROFILE

Expectedre

turn

Risk


FUND SFIN NAV*** Rs.Multi Cap Balanced Fund ULIF 088 24/11/09 LMCapBal 105 10.5

Preserver


Money Market

Protector Maximiser

RICH

Income

Multi Cap GrowthDynamic P/E

Multiplier

Bluechip

Pinnacle

Opportunity


Click Here

-6.00%

-4.00%

-2.00%

0.00%

2.00%

4.00%


9.50

10.00

10.50

11.00

11.50

12.00

Nov-09 Nov-10 Oct-11

Li k d P i F dLi k d Lif F d

8/3/2019 Ensure Nov 2011

17/40

BANK 20.13%OIL & GAS 18.61%

TECHNOLOGY 10.88%METALS & MINERALS 8.71%AUTO 6.79%INFRASTRUCTURE 6.33%CONSUMER 5.99%TELECOM 4.34%OTHERS 4.32%CEMENT 4.25%PHARMA & HEALTHCARE 3.42%FINANCE 3.10%CAPITAL GOODS 1.71%EPC 0.84%REAL ESTATE 0.46%MEDIA 0.13%

Sector Allocation

INFOSYS TECHNOLOGIES LTD. 7.41%H D F C BANK LTD. 5.12%OIL & NATURAL GAS CORPN. LTD. 5.04%I T C LTD. 4.54%MAHINDRA & MAHINDRA LTD. 4.52%BHARTI AIRTEL LTD. 4.34%GRASIM INDUSTRIES LTD. 4.25%AXIS BANK LTD. 4.23%RELIANCE INDUSTRIES LTD. 3.93%GAIL (INDIA) LTD. 3.67%STATE BANK OF INDIA 3.05%N T P C LTD. 3.04%TATA CHEMICALS LTD. 2.53%TATA CONSULTANCY SERVICES LTD. 2.48%

TATA STEEL LTD. 2.35%INDUSIND BANK LTD. 2.27%HOUSING DEVELOPMENT FINANCE CORPN. LTD 2.24%JINDAL STEEL & POWER LTD. 2.17%COAL INDIA LTD. 2.16%CAIRN INDIA LTD. 2.02%

Multi Cap Growth


BENCHMARK

CNX 500

PERFORMANCE SUMMARY

ANNUALIZED RETURNS


PORTFOLIO


Allocation inFund


Asset Allocation


Allocation as a

% in Equity



RISK PROFILE

Risk

Expected

return

NAV GROWTH

Multi Cap Growth Benchmark Multi Cap Growth Benchmark


Multi Cap Growth

Balancer



FUND SFIN NAV*** Rs.Multi Cap Growth Fund ULIF 085 24/11/09 LMCapGro 105 10.82

Preserver


Money Market

Protector Maximiser

RICH

Income

Multi Cap BalancedDynamic P/E

Multiplier

Bluechip

Pinnacle

Opportunity



ASSET ALLOCATION


Click Here

-20.00%

-15.00%

-10.00%

-5.00%

0.00%

5.00%


0.46%

9.00

9.50

10.00

10.50

11.00

11.50

12.00

12.50

13.00

Nov-09 Nov-10 Oct-11


8/3/2019 Ensure Nov 2011

18/40

Pinnacle

FUND OBJECTIVETo generate optimal returns through an actively managedequity portfolio while using debt instruments to manage theguarantee. The fund would use equity and fixed incomederivatives as permitted by IRDA from time to time.

BENCHMARK

-

PERFORMANCE SUMMARY

ANNUALIZED RETURNS


PORTFOLIO


Allocation inFund


Asset Allocation

NAV GROWTH

Pinnacle Pinnacle


Pinnacle

Balancer


BANK 18.73%TECHNOLOGY 14.07%OIL & GAS 13.50%CONSUMER 9.72%AUTO 8.35%


INFOSYS TECHNOLOGIES LTD. 8.72%H D F C BANK LTD. 8.56%RELIANCE INDUSTRIES LTD. 8.53%I T C LTD. 7.18%HOUSING DEVELOPMENT FINANCE CORPN. LTD 5.79%STATE BANK OF INDIA 4.76%LARSEN & TOUBRO LTD. 4.75%TATA CONSULTANCY SERVICES LTD. 3.52%

BHARTI AIRTEL LTD. 3.03%AXIS BANK LTD. 2.86%








Average Maturity of Debt Portfolio (Months) 179.15Yield to Maturity of Debt Portfolio 8.94%




RISK PROFILE

Expectedr

eturn

Risk

DATE OF INCEPTION: Oct 26, 2009

FUND SFIN NAV*** Rs.P innac le Fund ULIF 081 26/10 /09 LPinnacl e 105 10.77

Preserver


Money Market

Protector Maximiser

RICH

Income


Multiplier

Bluechip Opportunity

Equity and Equity Related Securities 100 0

Debt Instruments and derivatives 100 0

ASSET ALLOCATION


Click Here

-12.00%

-9.00%

-6.00%

-3.00%

0.00%

3.00%

6.00%


9.00

9.50

10.00

10.50

11.00

11.50

12.00

12.50

Oct -09 Feb-10 May-10 Sep-10 Dec -10 Apr-11 Jul -11 Oct -11

Linked Life Funds Linked Pension Funds

8/3/2019 Ensure Nov 2011

19/40



CORPORATE MONEY MARKET SECURITIES 2.65%COMMERCIAL PAPER (P1+ ANDEQUIVALENT) 2.65%CERTIFICATE OF DEPOSIT (P1+ ANDEQUIVALENT) 0.00%


Debt Asset Allocation Allocation in Fund

Pension Balancer


FUND OBJECTIVETo provide a balance between long-term capital appreciationand current income through investment in equity as well asfixed income instruments in appropriate proportionsdepending on market conditions prevalent from time to time.

BENCHMARK

35% BSE 100 & 65% CRISIL Composite Bond Index

PERFORMANCE SUMMARY

PORTFOLIO



Allocation inFund

Asset Allocation

Top 5 Sectors in EquityAllocation as a

% in Equity

BANK 26.60%TECHNOLOGY 14.31%OIL & GAS 12.54%FINANCE 10.31%METALS & MINERALS 9.31%

INFOSYS TECHNOLOGIES LTD. 8.72%RELIANCE INDUSTRIES LTD. 8.65%I T C LTD. 7.16%HOUSING DEVELOPMENT FINANCE CORPN. LTD 5.61%BHARTI AIRTEL LTD. 5.52%AXIS BANK LTD. 5.10%INDUSIND BANK LTD. 4.99%TATA CONSULTANCY SERVICES LTD. 4.95%

LARSEN & TOUBRO LTD. 4.54%BANK OF BARODA 4.42%


% in Equity



RISK PROFILE

Expected

return

Risk

Pension Balancer Benchmark

NAV GROWTH

Pension Balancer Benchmark

ANNUALIZED RETURNS


DATE OF INCEPTION: May 31, 2002

FUND SFIN NAV*** Rs.Pension Balancer Fund ULIF 005 03/05/02 PBalancer1 105 30.71Pension Balancer Fund II ULIF 015 17/05/04 PBalancer2 105 23

Pension PreserverPension MaximiserPension ProtectorPension Balancer

Pension Flexi GrowthPension Flexi BalancedPension RICHPension Multiplier

Pension OpportunityPension Money MarketPension IncomePension Bluechip

Pension Multi Cap GrowthPension Multi Cap BalancedPension Dynamic P/E




ASSET ALLOCATION


Click Here

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%

12.00%

14.00%


8.00

10.00

12.00

14.00

16.00

18.00

20.00

22.00

24.00

26.00

28.00

30.00

32.00

34.00

May-02 Sep-03 Feb-05 Jun -06 Oct -07 Feb-09 Jun -10 Oct -11


8/3/2019 Ensure Nov 2011

20/40



CORPORATE MONEY MARKETSECURITIES 5.48%

COMMERCIAL PAPER (P1+ ANDEQUIVALENT) 5.48%CERTIFICATE OF DEPOSIT (P1+AND EQUIVALENT) 0.00%

FIXED DEPOSITS WITH BANKS 23.45%OTHER CURRENT ASSETS ANDEQUIVALENT 13.02%TOTAL 100.00%


Pension Protector


FUND OBJECTIVETo provide accumulation of income through investment invarious fixed income securities. The fund seeks to providecapital appreciation while maintaining a suitable balancebetween return, safety and liquidity.

BENCHMARK


PERFORMANCE SUMMARY


PORTFOLIO





RISK PROFILE

Expectedr

eturn

Risk

NAV GROWTHANNUALIZED RETURNS

Pension Protector Benchmark


Pens ion Protector Benchmark


Pension ProtectorPension Balancer


FUND SFIN NAV*** Rs.Pension Protector Fund ULIF 006 03/05/02 PProtect1 105 18.8Pension Protector Fund II ULIF 017 17/05/04 PProtect2 105 16.1776

Pension PreserverPension Maximiser

Pension Flexi BalancedPension Multiplier



Pension RICH Pension Flexi Growth



ASSET ALLOCATION


Click Here

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%


10.00

11.00

12.00

13.00

14.00

15.00

16.00

17.00

18.00

19.00

May-02 Apr-04 Mar-06 Jan-08 Dec-09 Oct-11


8/3/2019 Ensure Nov 2011

21/40

Pension Maximiser


FUND OBJECTIVETo generate long-term capital appreciation throughinvestment primarily in equity and equity-related instruments.

BENCHMARK

BSE 100

PERFORMANCE SUMMARY

PORTFOLIO


Allocation inFund


Asset Allocation

Allocation as a% in EquitySector Allocation

BANK 19.25%METALS & MINERALS 15.25%

OIL & GAS 11.72%TECHNOLOGY 10.87%AUTO 9.32%CONSUMER 8.04%TELECOM 6.62%CEMENT 5.69%FINANCE 3.54%INFRASTRUCTURE 2.43%PHARMA & HEALTHCARE 2.31%CAPITAL GOODS 2.12%EPC 1.13%RETAIL 1.04%OTHERS 0.35%REAL ESTATE 0.32%

RELIANCE INDUSTRIES LTD. 9.46%H D F C BANK LTD. 9.32%STATE BANK OF INDIA 6.90%INFOSYS TECHNOLOGIES LTD. 6.83%I T C LTD. 6.74%BHARTI AIRTEL LTD. 6.62%TATA STEEL LTD. 5.65%MAHINDRA & MAHINDRA LTD. 5.34%STERLITE INDUSTRIES (INDIA) LTD. 4.22%JINDAL STEEL & POWER LTD. 3.78%A C C LTD. 3.22%MARUTI SUZUKI INDIA LTD. 2.78%SHRIRAM TRANSPORT FINANCE CO. LTD. 2.65%LUPIN LTD. 2.06%POWER GRID CORPN. OF INDIA LTD. 2.00%

TATA CONSULTANCY SERVICES LTD. 1.86%AXIS BANK LTD. 1.66%GRASIM INDUSTRIES LTD. 1.64%HINDUSTAN ZINC LTD. 1.31%I C I INDIA LTD. 1.30%


% in Equity


RISK PROFILE

Expectedr

eturn

Risk

NAV GROWTH

Pension Maximiser Benchmark

ANNUALIZED RETURNS

Pension Maximiser Benchmark



FUND SFIN NAV*** Rs.Pension Maximiser Fund ULIF 004 03/05/02 PMaximis1 105 65.05Pension Maximiser Fund II ULIF 013 17/05/04 PMaximis2 105 37.93

Pension MaximiserPension Balancer


Pension PreserverPension Protector







ASSET ALLOCATION


Click Here

0.00%

5.00%

10.00%

15.00%

20.00%

25.00%


8.00

14.00

20.00

26.00

32.00

38.00

44.00

50.00

56.00

62.00

68.00

74.00

80.00

May-02 Sep-03 Feb-05 Jun -06 Oct -07 Feb-09 Jun -10 Oct -11


8/3/2019 Ensure Nov 2011

22/40



CORPORATE MONEY MARKET SECURITIES 59.71%COMMERCIAL PAPER (P1+ ANDEQUIVALENT) 59.71%CERTIFICATE OF DEPOSIT (P1+

AND EQUIVALENT) 0.00%FIXED DEPOSITS WITH BANKS 28.23%OTHER CURRENT ASSETS AND EQUIVALENT 7.08%

TOTAL 100.00%


Pension Preserver


FUND OBJECTIVETo provide suitable returns through low risk investments indebt and money market instruments while attempting toprotect the capital deployed in the fund.

BENCHMARK

CRISIL Liquid Index

PERFORMANCE SUMMARY



Average Maturity of Debt Portfolio (Months) 4.46

Average Maturity of Debt Benchmark (Months) 2.23Yield to Maturity of Debt Portfolio 9.65%


PORTFOLIO


RISK PROFILE

Expectedr

eturn

Risk

NAV GROWTH

Pension Preserver Benchmark

ANNUALIZED RETURNS

Pension Preserver Benchmark


DATE OF INCEPTION: June 22, 2004

FUND SFIN NAV*** Rs.Pension Preserver Fund ULIF 011 17/05/04 PPreserv 105 17.1043

Pension PreserverPension Balancer Pension MaximiserPension Protector






Debt instruments 50 0


ASSET ALLOCATION


Click Here

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%


10.00

11.00

12.00

13.00

14.00

15.00

16.00

17.00

18.00

Jun-04 Apr-06 Feb-08 Dec-09 Oct-11


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INFOSYS TECHNOLOGIES LTD. 9.28%

I T C LTD. 8.57%RELIANCE INDUSTRIES LTD. 8.31%HOUSING DEVELOPMENT FINANCE CORPN. LTD 5.78%TATA CONSULTANCY SERVICES LTD. 5.47%BHARTI AIRTEL LTD. 4.99%LARSEN & TOUBRO LTD. 4.87%AXIS BANK LTD. 4.51%INDUSIND BANK LTD. 3.72%PUNJAB NATIONAL BANK 3.30%TATA STEEL LTD. 3.00%POWER FINANCE CORPN. LTD. 2.97%BANK OF BARODA 2.79%H D F C BANK LTD. 2.59%JINDAL STEEL & POWER LTD. 2.45%ALLAHABAD BANK 2.39%TATA MOTORS LTD. 2.35%

A C C LTD. 2.18%HINDALCO INDUSTRIES LTD. 2.15%CANARA BANK 1.89%

Pension Multiplier


FUND OBJECTIVETo provide long-term capital appreciation from equityportfolio predominantly invested in NIFTY scrips.

BENCHMARK

S&P CNX Nifty

PERFORMANCE SUMMARY

Allocation inFund

Asset Allocation



% in Equity


PORTFOLIO


RISK PROFILE

Expectedr

eturn

Risk

NAV GROWTHANNUALIZED RETURNS

Pension Multiplier Benchmark


Pension Multiplier Benchmark


OIL & GAS 11.90%FINANCE 10.35%METALS & MINERALS 8.80%CONSUMER 8.57%TELECOM 5.89%EPC 4.87%AUTO 4.01%CEMENT 3.24%RETAIL 1.35%INFRASTRUCTURE 1.21%PHARMA & HEALTHCARE 0.44%OTHERS 0.15%

Pension Multiplier

Pension Balancer

DATE OF INCEPTION: Feb 25, 2008

FUND SFIN NAV*** Rs.Pension Multiplier Fund ULIF 043 25/02/08 PMultip1 105 9.91Pension Multiplier Fund II ULIF 045 25/02/08 PMultip2 105 10.24

Pension PreserverPension MaximiserPension Protector

Pension Flexi Balanced






ASSET ALLOCATION


Click Here

-20.00%

-10.00%

0.00%

10.00%

20.00%

30.00%


-0.25

0.65

4.00

5.00

6.00

7.00

8.00

9.00

10.00

11.00

12.00

13.00

Feb-08 Jul-08 Nov-08 Apr-09 Aug-09 Dec-09 May-10 Sep-10 Feb-11 Jun-11 Oct-11


8/3/2019 Ensure Nov 2011

24/40

Pension RICH


FUND OBJECTIVETo generate superior long-term returns from a diversifiedportfolio of equity and equity related instruments ofcompanies operating in four important types of industries viz.,Resources, Investment-realted, Consumption-related andHuman Capital leveraged industries.

BENCHMARK

BSE 200

PERFORMANCE SUMMARY


INFOSYS TECHNOLOGIES LTD. 7.72%I T C LTD. 7.21%H D F C BANK LTD. 5.65%RELIANCE INDUSTRIES LTD. 4.94%BHARTI AIRTEL LTD. 4.55%TATA CONSULTANCY SERVICES LTD. 4.44%HOUSING DEVELOPMENT FINANCE CORPN. LTD 4.19%OIL & NATURAL GAS CORPN. LTD. 3.34%TATA STEEL LTD. 2.69%AXIS BANK LTD. 2.44%STATE BANK OF INDIA 2.36%STERLITE INDUSTRIES (INDIA) LTD. 2.26%TATA POWER CO. LTD. 2.25%POWER GRID CORPN. OF INDIA LTD. 2.06%OIL INDIA LTD. 1.87%

MAHINDRA & MAHINDRA LTD. 1.86%BHARAT HEAVY ELECTRICALS LTD. 1.62%TATA CHEMICALS LTD. 1.41%N T P C LTD. 1.38%POWER FINANCE CORPN. LTD. 1.30%

Allocation inFund

Asset Allocation


OIL & GAS 14.51%BANK 13.62%

TECHNOLOGY 13.01%CONSUMER 9.49%FINANCE 7.73%METALS & MINERALS 7.52%OTHERS 7.12%INFRASTRUCTURE 6.71%TELECOM 4.95%AUTO 4.14%CAPITAL GOODS 4.10%CEMENT 2.93%PHARMA & HEALTHCARE 1.61%REAL ESTATE 1.25%EPC 1.18%MEDIA 0.12%


% in Equity


PORTFOLIO


RISK PROFILE

Expected

return

Risk

NAV GROWTH

Pension R.I.C.H Benchmark

ANNUALIZED RETURNS

Pension R.I.C.H Benchmark


Pension RICH

Pension Balancer


FUND SFIN NAV*** Rs.Pension R.I.C.H. Fund ULIF 052 17/03/08 PRICH1 105 12.75Pension R.I.C.H. Fund II ULIF 053 17/03/08 PRICH2 105 13.11





Pension Flexi Growth

ASSET ALLOCATION




Click Here

-20.00%

-10.00%

0.00%

10.00%

20.00%

30.00%


5.00

6.00

7.00

8.00

9.00

10.00

11.00

12.00

13.00

14.00

15.00

16.00

M ar- 08 O ct- 08 Ma y-0 9 J an- 10 A ug- 10 M ar-1 1 O ct -1 1


8/3/2019 Ensure Nov 2011

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FUND OBJECTIVETo achieve a balance between capital appreciation and stablereturns by investing in a mix of equity and equity relatedinstruments of large,mid and small cap companies and debtand debt related instruments.

BENCHMARK

55% CNX 500 & 45% CRISIL Composite Bond Index

PERFORMANCE SUMMARY



CORPORATE MONEY MARKET SECURITIES 2.52%COMMERCIAL PAPER (P1+ ANDEQUIVALENT) 2.52%CERTIFICATE OF DEPOSIT (P1+AND EQUIVALENT) 0.00%


Debt Asset Allocation Allocation in Fund


PORTFOLIO



Allocation inFund

Asset Allocation

Top 5 Sectors in EquityAllocation as a

% in Equity

TECHNOLOGY 13.24%

OIL & GAS 13.12%METALS & MINERALS 11.07%BANK 10.85%CONSUMER 10.58%

I T C LTD. 7.70%INFOSYS TECHNOLOGIES LTD. 7.41%H D F C BANK LTD. 6.98%RELIANCE INDUSTRIES LTD. 5.41%BHARTI AIRTEL LTD. 4.66%TATA CONSULTANCY SERVICES LTD. 4.13%OIL & NATURAL GAS CORPN. LTD. 4.02%HOUSING DEVELOPMENT FINANCE CORPN. LTD 3.59%

CIPLA LTD. 2.93%GUJARAT MINERAL DEVP. CORPN. LTD. 2.64%


% in Equity

Average Maturity of Debt Portfolio (Months) 41.30Average Maturity of Benchmark (Months) 44.43Yield to Maturity of Debt Portfolio 9.72%


RISK PROFILE

Expected

return

Risk

Pension Flexi Balanced Benchmark

NAV GROWTH

Pension Flexi Balanced Benchmark

ANNUALIZED RETURNS



Pension Balancer


FUND SFIN NAV*** Rs.Pension Flexi Balanced Fund ULIF 034 20/03/07 PFlexiBal1 105 14.15Pension Flexi Balanced Fund II ULIF 035 20/03/07 PFlexiBal2 105 14.72


Pension Multiplier




ASSET ALLOCATION




Click Here

-10.00%

-5.00%

0.00%

5.00%

10.00%

15.00%

20.00%


9.00

10.00

11.00

12.00

13.00

14.00

15.00

16.00

Mar-07 May-08 Jul-09 Sep-10 Oct-11


8/3/2019 Ensure Nov 2011

26/40



BENCHMARK

S&P CNX 500

PERFORMANCE SUMMARY


Allocation inFund

Asset Allocation


BANK 18.37%OIL & GAS 15.28%

TECHNOLOGY 9.74%CONSUMER 9.17%INFRASTRUCTURE 8.69%METALS & MINERALS 8.49%AUTO 7.91%OTHERS 5.28%CEMENT 4.11%CAPITAL GOODS 3.74%TELECOM 3.62%FINANCE 2.82%PHARMA & HEALTHCARE 2.44%REAL ESTATE 0.19%EPC 0.16%MEDIA 0.01%

H D F C BANK LTD. 7.29%INFOSYS TECHNOLOGIES LTD. 6.36%MAHINDRA & MAHINDRA LTD. 6.26%OIL & NATURAL GAS CORPN. LTD. 4.83%AXIS BANK LTD. 4.80%I T C LTD. 4.41%BHARTI AIRTEL LTD. 3.62%N T P C LTD. 3.55%RELIANCE INDUSTRIES LTD. 3.52%GRASIM INDUSTRIES LTD. 2.81%GAIL (INDIA) LTD. 2.58%POWER GRID CORPN. OF INDIA LTD. 2.50%KANSAI NEROLAC PAINTS LTD. 2.42%BANK OF BARODA 2.17%STATE BANK OF INDIA 2.03%LUPIN LTD. 1.66%TATA CHEMICALS LTD. 1.64%TATA CONSULTANCY SERVICES LTD. 1.54%SATLUJ JAL VIDYUT NIGAM LIMITED 1.53%BHARAT PETROLEUM CORPN. LTD. 1.37%


% in Equity



PORTFOLIO


RISK PROFILE

Expected

return

Risk

NAV GROWTH

Pension Flexi Growth Benchmark

ANNUALIZED RETURNS

Pension Flexi Growth Benchmark



Pension Balancer


FUND SFIN NAV*** Rs.Pension Flexi Growth Fund ULIF 029 20/03/07 PFlexiGro1 105 14.2Pension Flexi Growth Fund II ULIF 030 20/03/07 PFlexiGro2 105 14.74





Pension RICH

ASSET ALLOCATION




Click Here

-20.00%

-10.00%

0.00%

10.00%

20.00%

30.00%


7.00

8.00

9.00

10.00

11.00

12.00

13.00

14.00

15.00

16.00

17.00

18.00

19.00

Mar-07 May-08 Jul-09 Sep-10 Oct-11


8/3/2019 Ensure Nov 2011

27/40

Pension Bluechip

BENCHMARK

Nifty

PERFORMANCE SUMMARY


Allocation inFund

Asset Allocation



OIL & GAS 13.05%FINANCE 9.60%CONSUMER 9.15%METALS & MINERALS 7.91%EPC 4.70%TELECOM 4.67%AUTO 3.99%CEMENT 3.83%INFRASTRUCTURE 1.29%RETAIL 1.24%OTHERS 1.03%PHARMA & HEALTHCARE 0.41%

INFOSYS TECHNOLOGIES LTD. 9.19%I T C LTD. 9.15%RELIANCE INDUSTRIES LTD. 8.93%HOUSING DEVELOPMENT FINANCE CORPN. LTD 5.65%LARSEN & TOUBRO LTD. 4.70%TATA CONSULTANCY SERVICES LTD. 4.69%BHARTI AIRTEL LTD. 4.67%INDUSIND BANK LTD. 4.32%AXIS BANK LTD. 4.19%PUNJAB NATIONAL BANK 4.10%BANK OF BARODA 3.78%TATA STEEL LTD. 2.75%H D F C BANK LTD. 2.53%JINDAL STEEL & POWER LTD. 2.40%ALLAHABAD BANK 2.24%A C C LTD. 2.12%TATA MOTORS LTD. 2.07%POWER FINANCE CORPN. LTD. 1.99%HINDALCO INDUSTRIES LTD. 1.70%RURAL ELECTRIFICATION CORPN. LTD. 1.69%


% in Equity



PORTFOLIO


RISK PROFILE

Expected

return

Risk

NAV GROWTH

Pension Bluechip Benchmark

ANNUALIZED RETURNS

Pension Bluechip Benchmark


Pension Bluechip

Pension Balancer


FUND SFIN NAV*** Rs.Pension Bluechip Fund ULIF 093 11/01/10 PBluChip 105 9.68



Pension OpportunityPension Money MarketPension Income



ASSET ALLOCATION




Click Here

-15.00%

-10.00%

-5.00%

0.00%

5.00%


0.81%

8.50

9.00

9.50

10.00

10.50

11.00

11.50

12.00

12.50

Jan-10 Dec-10 Oct-11

FUND OBJECTIVETo provide long-term capital appreciation from equityportfolio predominantly invested in large cap stocks.


8/3/2019 Ensure Nov 2011

28/40

Pension Income

FUND OBJECTIVETo provide accumulation of income through investment invarious fixed income securities. The Fund seeks to providecapital appreciation while maintaining a suitable balancebetween return, safety and liquidity.

BENCHMARK


PERFORMANCE SUMMARY


PORTFOLIO


NAV GROWTH

Pension Income Benchmark

ANNUALIZED RETURNS

Pension Income Benchmark


Pension Income

Pension Balancer





TOTAL 100.00%






RISK PROFILE

Risk

Expectedr

eturn


FUND SFIN NAV*** Rs.Pension Income Fund ULIF 095 11/01/10 PIncome 105 11.1201



Pension OpportunityPension Money MarketPension Bluechip



ASSET ALLOCATION

Debt Instruments, Money Market & Cash 100 100


Click Here

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%


9.75

10.00

10.25

10.50

10.75

11.00

11.25

Jan-10 Jun-10 Dec-10 May-11 Oct-11


8/3/2019 Ensure Nov 2011

29/40

Pension Money Market

FUND OBJECTIVETo provide suitable returns through low risk investments indebt and money market instruments while attempting toprotect the capital deployed in the Fund.

BENCHMARK

CRISIL Liquid Index

PERFORMANCE SUMMARY


PORTFOLIO


NAV GROWTH

Pension Money Market Benchmark

ANNUALIZED RETURNS

Pension Money Market Benchmark


Pension Money Market

Pension Balancer





TOTAL 100.00%






RISK PROFILE

Risk

Expectedr

eturn


FUND SFIN NAV*** Rs.Pension Money Market FundULIF 096 11/01/10 PMoneyMkt 105 11.3545



Pension OpportunityPension IncomePension Bluechip



ASSET ALLOCATION

Debt Instruments 50 0



Click Here

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%


10.00

10.20

10.40

10.60

10.80

11.00

11.20

11.40

Jan-10 May-10 Sep-10 Feb-11 Jun-11 Oct-11


8/3/2019 Ensure Nov 2011

30/40

Pension Opportunity

FUND OBJECTIVETo generate superior long-term returns from a diversifiedportfolio of equity and equity related instruments ofcompanies operating in four important types of industries viz.,Resources, Investment-related, Consumption-related andHuman Capital leveraged industries.

BENCHMARK

BSE 200

PERFORMANCE SUMMARY


Allocation inFund

Asset Allocation


OIL & GAS 16.13%BANK 13.65%TECHNOLOGY 11.40%

CONSUMER 10.81%METALS & MINERALS 9.67%OTHERS 6.13%TELECOM 5.50%FINANCE 5.42%CAPITAL GOODS 4.25%INFRASTRUCTURE 4.07%EPC 3.50%AUTO 3.44%CEMENT 2.55%PHARMA & HEALTHCARE 1.65%REAL ESTATE 1.03%MEDIA 0.78%RETAIL 0.01%

I T C LTD. 7.28%H D F C BANK LTD. 7.25%INFOSYS TECHNOLOGIES LTD. 7.09%RELIANCE INDUSTRIES LTD. 5.96%BHARTI AIRTEL LTD. 4.65%TATA CONSULTANCY SERVICES LTD. 4.31%TATA STEEL LTD. 4.30%STATE BANK OF INDIA 4.15%HOUSING DEVELOPMENT FINANCE CORPN. LTD 3.86%OIL & NATURAL GAS CORPN. LTD. 3.56%KALPATARU POWER TRANSMISSION LTD. 2.08%GAIL (INDIA) LTD. 1.85%GODREJ CONSUMER PRODUCTS LTD. 1.80%STERLITE INDUSTRIES (INDIA) LTD. 1.78%NESTLE INDIA LTD. 1.73%N T P C LTD. 1.71%GRASIM INDUSTRIES LTD. 1.67%BHARAT HEAVY ELECTRICALS LTD. 1.64%MAHINDRA & MAHINDRA LTD. 1.56%HINDALCO INDUSTRIES LTD. 1.49%


Allocation as a

% in Equity



PORTFOLIO


RISK PROFILE

Expected

return

Risk

NAV GROWTH

Pension Opportunity Benchmark

ANNUALIZED RETURNS

Pension Opportunity Benchmark


Pension Opportunity

Pension Balancer


FUND SFIN NAV*** Rs.Pension Opportunities Fund ULIF 092 11/01/10 POpport 105 10.15



Pension Money MarketPension IncomePension Bluechip



ASSET ALLOCATION




Click Here

-20.00%

-15.00%

-10.00%

-5.00%

0.00%

5.00%


8.50

9.00

9.50

10.00

10.50

11.00

11.50

12.00

12.50

Jan-10 Dec-10 Oct-11


i i i

8/3/2019 Ensure Nov 2011

31/40

Pension Dynamic P/E

BENCHMARK

NIFTY- 75%

MIBEX - 25%

PERFORMANCE SUMMARY


PORTFOLIO


RISK PROFILE

Expected

return

Risk

NAV GROWTH

Pension Dynamic P/E Benchmark

ANNUALIZED RETURNS

Pension Dynamic P/E Benchmark


Pension Balancer

Pension Dynamic P/E



CORPORATE MONEY MARKET SECURITIES 0.00%COMMERCIAL PAPER (P1+ ANDEQUIVALENT) 0.00%CERTIFICATE OF DEPOSIT (P1+AND EQUIVALENT

Documents

Ensure Nov 2011