Form No Description Pages · l-27 ulip linked bsns 13-17 l-28 ulip nav 18 l-29 debt securities 19 l-30 related party transactions 20 l-31 board of directors 21 l-32 solvency margin

Form No Description PagesL-24 VALUATION OF NET LIABILITIES 2

L-25 GEOGRAPHICAL DISTRIBUTION OF BUSINESS- GROUP & INDIVIDUAL 3-10

L-26 INVESTMENT ASSETS 11-12

L-27 ULIP LINKED BSNS 13-17

L-28 ULIP NAV 18

L-29 DEBT SECURITIES 19

L-30 RELATED PARTY TRANSACTIONS 20

L-31 BOARD OF DIRECTORS 21

L-32 SOLVENCY MARGIN 22

L-33 NPAs 23-25

L-34 YIELD ON INVESTMENT 26-28

L-35 DOWNGRADING OF INVESTMENT 29-32

L-36 BSNS NUMBERS 33-35

L-37 BSNS ACQUSITION (GROUP) 36

L-38 BSNS ACQUSITION (INDIVIUDAL) 37

L-39 CLAIMS AGEING 38-39

L-40 CLAIMS DATA 40-41

L-41 GRIEVANCES (LIFE) 42-43

L-42 VALUATION BASIS (LIFE) 44-46

NAME OF THE INSURER: MAX LIFE INSURANCE COMPANY LIMITED

IRDAI REGISTRATION NO. 104 DATED NOVEMBER 15, 2000

Other Disclosures For The Period Ended March 31, 2020

Page 1 of 46

PERIODIC DISCLOSURES

FORM L-24 VALUATION OF NET LIABILITIES


REGISTRATION NO 104: DATE OF REGISTRATION WITH IRDAI : NOVEMBER 15, 2000

Amount (Rs In lacs) Amount (Rs In lacs)

S.No. Particulars As at 31 March 2020 As at 31 March 2019

1 Linked

a Life 1,733,979 1,782,153

b General Annuity - -

c Pension 182,437 204,039

d Health - -

2 Non-Linked

a Life 4,507,264 3,788,775

b General Annuity 31,795 16,387

c Pension 7,163 7,109

d Health 1,853 2,085

Valuation of net liabilities

Page 2 of 46


FORM L-25- (I) : GEOGRAPHICAL DISTRIBUTION CHANNEL - INDIVIDUAL


REGISTRATION NO. 104 DATED NOVEMBER 15, 2000

For the quarter ending 31st March 2020

No. of Policies No. of Lives Premium (Rs

Crs)

Sum Assured

(Rs Crs)No. of Policies No. of Lives

Premium (Rs

Crs)

Sum Assured


Premium (Rs

Crs)

Sum Assured

(Rs Crs)

1 Andhra Pradesh 1,373 1,297 10.31 324.50 4,669 4,430 51.98 1,620 6,042 5,727 62.29 1,944.10 2 Arunachal Pradesh 53 49 1.19 20.94 47 47 0.95 13.21 100 96 2.13 34.15 3 Assam 1,310 1,190 11.02 168.58 1,873 1,686 21.76 326.20 3,183 2,876 32.78 494.77 4 Bihar 2,343 2,061 17.56 326.01 1,772 1,588 18.45 401.86 4,115 3,649 36.01 727.87 5 Chattisgarh 1,403 1,234 11.15 252.03 1,356 1,177 14.21 385.20 2,759 2,411 25.36 637.23 6 Goa 253 241 1.66 45.24 842 790 11.70 250.44 1,095 1,031 13.35 295.69 7 Gujarat 2,537 2,420 19.59 418.21 7,541 7,017 100.18 1,941.75 10,078 9,437 119.77 2,359.96 8 Haryana 6,659 6,220 37.31 2,914.61 24,256 23,116 138.43 15,887.01 30,915 29,336 175.73 18,801.63 9 Himachal Pradesh 611 569 4.47 151.13 400 364 3.62 141.45 1,011 933 8.09 292.58

10 Jammu & Kashmir 382 354 2.43 45.32 672 602 6.55 144.98 1,054 956 8.98 190.31 11 Jharkhand 1,294 1,170 9.43 213.28 1,622 1,412 16.12 458.34 2,916 2,582 25.55 671.62 12 Karnataka 3,140 2,912 22.06 792.85 6,019 5,653 71.32 2,140.00 9,159 8,565 93.38 2,932.86 13 Kerala 728 666 9.77 147.62 2,235 2,057 41.62 587.25 2,963 2,723 51.39 734.88 14 Madhya Pradesh 2,178 2,042 13.37 345.26 3,831 3,519 37.45 914.47 6,009 5,561 50.82 1,259.73 15 Maharashtra 5,566 5,263 38.51 1,601.16 16,676 15,131 192.36 6,273.63 22,242 20,394 230.87 7,874.79 16 Manipur 162 150 1.54 23.34 191 179 2.48 32.44 353 329 4.02 55.78 17 Meghalaya 73 70 0.79 11.57 104 96 1.28 20.14 177 166 2.07 31.72 18 Mizoram 12 12 0.07 1.85 74 66 1.42 17.19 86 78 1.50 19.03 19 Nagaland 153 142 1.70 23.44 263 245 3.93 59.44 416 387 5.63 82.88 20 Odisha 3,809 3,454 23.98 390.66 2,422 2,168 24.69 417.81 6,231 5,622 48.67 808.47 21 Punjab 3,964 3,719 28.52 571.26 3,937 3,560 42.27 1,011.05 7,901 7,279 70.79 1,582.31 22 Rajasthan 2,399 2,288 17.47 528.07 3,658 3,486 37.23 1,336.52 6,057 5,774 54.70 1,864.59 23 Sikkim 87 85 0.78 11.13 254 242 2.33 37.06 341 327 3.12 48.19 24 Tamil Nadu 2,486 2,290 16.79 571.70 6,841 6,112 79.88 2,087.23 9,327 8,402 96.68 2,658.93 25 Telangana 256 243 1.39 114.23 1,456 1,362 16.53 738.48 1,712 1,605 17.92 852.71 26 Tripura 140 130 0.94 16.02 285 256 2.15 36.85 425 386 3.08 52.87 27 Uttar Pradesh 4,818 4,377 32.90 916.96 10,425 9,319 103.46 3,268.42 15,243 13,696 136.36 4,185.39 28 Uttarakhand 1,037 973 7.28 187.35 1,739 1,572 17.35 446.13 2,776 2,545 24.63 633.48 29 West Bengal 6,824 5,652 57.05 964.13 10,754 8,584 128.62 1,962.07 17,578 14,236 185.67 2,926.20 30 Andaman & Nicobar Islands 28 24 0.19 2.67 40 37 0.46 5.38 68 61 0.65 8.05 31 Chandigarh 184 174 0.89 35.43 826 739 9.10 277.67 1,010 913 9.99 313.10 32 Dadra & Nagrahaveli 14 13 0.12 1.59 23 23 0.13 6.13 37 36 0.24 7.73 33 Daman & Diu 11 11 0.06 1.41 34 29 0.60 7.76 45 40 0.66 9.17 34 Delhi 1,015 960 5.77 224.19 10,323 9,299 127.40 3,539.06 11,338 10,259 133.16 3,763.25 35 Lakshadweep - - - - - - - - - - - - 36 Puducherry 43 41 0.37 9.82 163 153 1.56 28.41 206 194 1.93 38.23

Company Total 57,345 52,496 408.41 12,373.57 127,623 116,116 1,329.55 46,820.66 184,968 168,612 1,737.96 59,194.23 *Premium amount is Total New Business premium only.

SI.No. State / Union Territory

Rural Urban Total Business

Page 3 of 46





Upto the quarter ending 31st March 2020


Crs)

Sum Assured


Premium (Rs

Crs)

Sum Assured


Premium (Rs

Crs)

Sum Assured

(Rs Crs)

1 Andhra Pradesh 4,801 4,635 34.83 990.68 16,133 15,467 166.17 4,923.92 20,934 20,102 201.01 5,914.60

2 Arunachal Pradesh 152 142 2.86 46.88 173 163 3.08 45.31 325 305 5.93 92.19 3 Assam 3,592 3,361 26.45 412.45 6,124 5,620 62.58 976.91 9,716 8,981 89.03 1,389.36 4 Bihar 6,715 6,164 46.28 862.59 6,475 5,903 58.07 1,278.44 13,190 12,067 104.35 2,141.03 5 Chattisgarh 3,974 3,590 26.88 610.06 4,350 3,954 37.14 998.50 8,324 7,544 64.02 1,608.57 6 Goa 858 814 6.13 129.72 3,125 2,931 36.36 678.43 3,983 3,745 42.49 808.15 7 Gujarat 7,922 7,611 55.50 1,249.56 25,191 23,755 296.36 6,450.32 33,113 31,366 351.86 7,699.88 8 Haryana 18,029 17,336 100.94 7,862.29 79,408 77,237 389.72 53,324.72 97,437 94,573 490.66 61,187.02 9 Himachal Pradesh 1,841 1,755 12.17 362.06 1,623 1,526 12.93 419.70 3,464 3,281 25.10 781.76

10 Jammu & Kashmir 980 931 6.16 113.47 1,861 1,728 17.11 360.69 2,841 2,659 23.27 474.16 11 Jharkhand 3,677 3,415 25.76 540.62 5,434 4,925 48.77 1,229.72 9,111 8,340 74.53 1,770.33 12 Karnataka 8,237 7,777 56.10 1,822.83 18,074 17,057 214.35 5,886.91 26,311 24,834 270.45 7,709.73 13 Kerala 2,478 2,341 27.34 435.71 8,445 7,865 125.76 1,862.51 10,923 10,206 153.11 2,298.21 14 Madhya Pradesh 5,916 5,620 31.97 913.13 11,765 11,025 97.28 2,751.09 17,681 16,645 129.25 3,664.22 15 Maharashtra 16,607 15,858 104.60 4,749.84 60,206 55,958 604.05 23,575.35 76,813 71,816 708.65 28,325.19 16 Manipur 487 461 3.86 57.00 664 630 7.43 89.73 1,151 1,091 11.29 146.73 17 Meghalaya 202 196 1.97 25.40 323 306 4.18 65.03 525 502 6.15 90.43 18 Mizoram 36 36 0.43 7.03 232 214 3.86 44.95 268 250 4.29 51.98 19 Nagaland 436 413 4.97 68.80 801 751 12.08 164.95 1,237 1,164 17.05 233.76 20 Odisha 11,181 10,459 66.96 1,109.00 9,018 8,319 79.19 1,421.63 20,199 18,778 146.15 2,530.63 21 Punjab 11,733 11,207 79.65 1,483.91 13,217 12,345 126.06 2,979.94 24,950 23,552 205.71 4,463.86 22 Rajasthan 6,716 6,437 45.76 1,387.46 11,845 11,274 110.95 3,762.39 18,561 17,711 156.71 5,149.85 23 Sikkim 186 181 1.63 21.56 665 640 5.33 84.11 851 821 6.95 105.68 24 Tamil Nadu 7,507 7,112 49.55 1,447.34 22,936 21,395 250.67 6,354.15 30,443 28,507 300.23 7,801.50 25 Telangana 859 837 4.68 303.04 4,696 4,470 52.45 2,270.02 5,555 5,307 57.13 2,573.06 26 Tripura 421 390 2.78 47.40 861 785 6.16 105.76 1,282 1,175 8.95 153.16 27 Uttar Pradesh 14,393 13,424 91.62 2,412.77 35,569 32,582 308.95 9,545.60 49,962 46,006 400.57 11,958.37 28 Uttarakhand 3,027 2,880 19.42 482.50 5,603 5,197 50.28 1,376.45 8,630 8,077 69.70 1,858.95 29 West Bengal 20,371 17,841 154.16 2,461.48 38,035 32,605 411.67 6,033.34 58,406 50,446 565.83 8,494.82 30 Andaman & Nicobar Islands 59 53 0.43 5.83 145 141 1.36 16.15 204 194 1.78 21.98 31 Chandigarh 493 479 2.94 81.91 2,546 2,357 27.21 685.41 3,039 2,836 30.16 767.32 32 Dadra & Nagrahaveli 21 19 0.16 2.15 50 49 0.32 10.93 71 68 0.48 13.09 33 Daman & Diu 31 31 0.22 3.30 128 115 1.58 22.71 159 146 1.80 26.02 34 Delhi 2,895 2,746 16.74 561.65 33,400 30,695 383.21 10,030.89 36,295 33,441 399.96 10,592.54 35 Lakshadweep - - - - - - - - - - - - 36 Puducherry 95 93 0.84 18.71 475 454 5.46 102.67 570 547 6.30 121.37

Company Total 166,928 156,645 1,112.76 33,090.15 429,596 400,438 4,018.13 149,929.34 596,524 557,083 5,130.89 183,019.49 *Premium amount is Total New Business premium only.



Page 4 of 46







Crs)

Sum Assured


Premium (Rs

Crs)

Sum Assured


Premium (Rs

Crs)

Sum Assured

(Rs Crs)

1 Andhra Pradesh 1,535 1,492 9.06 210.41 6,973 6,633 64.86 1,524.05 8,508 8,125 73.91 1,734.46 2 Arunachal Pradesh 60 53 1.41 15.84 42 32 0.77 8.68 102 85 2.18 24.52 3 Assam 1,246 1,160 9.66 126.35 2,349 2,072 25.01 331.73 3,595 3,232 34.67 458.08 4 Bihar 2,659 2,470 16.47 288.98 2,516 2,208 22.40 398.95 5,175 4,678 38.86 687.93 5 Chattisgarh 2,001 1,791 11.40 222.51 1,891 1,670 15.49 303.31 3,892 3,461 26.89 525.82 6 Goa 388 351 2.68 53.18 1,269 1,154 12.78 178.09 1,657 1,505 15.45 231.26 7 Gujarat 3,487 3,355 22.02 444.42 12,049 11,286 124.35 2,466.20 15,536 14,641 146.38 2,910.62 8 Haryana 7,513 7,233 37.29 2,879.33 26,524 25,441 120.00 16,373.58 34,037 32,674 157.29 19,252.91 9 Himachal Pradesh 718 688 4.41 87.59 495 458 4.74 85.33 1,213 1,146 9.15 172.92

10 Jammu & Kashmir 395 380 2.15 37.02 832 758 7.13 110.65 1,227 1,138 9.28 147.66 11 Jharkhand 1,467 1,357 10.44 161.73 2,057 1,815 17.14 334.30 3,524 3,172 27.57 496.03 12 Karnataka 3,641 3,447 22.71 506.70 7,220 6,641 74.07 1,800.81 10,861 10,088 96.78 2,307.50 13 Kerala 929 864 9.48 131.28 3,498 3,204 46.27 603.66 4,427 4,068 55.75 734.94 14 Madhya Pradesh 2,931 2,772 14.06 370.85 6,158 5,687 44.86 1,052.79 9,089 8,459 58.93 1,423.64 15 Maharashtra 7,212 6,875 38.97 1,604.80 26,256 23,984 236.98 8,924.10 33,468 30,859 275.95 10,528.91 16 Manipur 162 154 1.14 12.58 232 214 2.51 28.82 394 368 3.65 41.40 17 Meghalaya 76 73 0.71 6.94 146 117 2.26 25.91 222 190 2.98 32.85 18 Mizoram 1 1 0.01 0.03 75 63 1.27 14.28 76 64 1.29 14.31 19 Nagaland 93 83 1.46 16.09 234 201 5.91 50.34 327 284 7.37 66.43 20 Odisha 4,577 4,268 25.05 353.02 3,354 2,939 25.97 445.18 7,931 7,207 51.03 798.19 21 Punjab 4,324 4,091 29.31 460.29 4,755 4,253 48.11 921.20 9,079 8,344 77.42 1,381.49 22 Rajasthan 3,385 3,231 19.81 485.27 5,067 4,703 44.50 1,050.48 8,452 7,934 64.31 1,535.74 23 Sikkim 20 16 0.15 0.57 153 141 1.92 19.90 173 157 2.07 20.46 24 Tamil Nadu 2,546 2,423 16.24 382.50 8,470 7,798 86.46 1,829.81 11,016 10,221 102.69 2,212.31 25 Telangana 246 229 0.89 38.41 1,990 1,845 16.62 797.83 2,236 2,074 17.50 836.24 26 Tripura 154 144 1.36 17.44 279 245 2.89 32.43 433 389 4.24 49.86 27 Uttar Pradesh 6,092 5,640 35.47 698.37 13,682 12,169 120.77 2,782.86 19,774 17,809 156.24 3,481.23 28 Uttarakhand 1,567 1,464 9.67 181.83 2,040 1,789 17.86 345.55 3,607 3,253 27.53 527.38 29 West Bengal 7,878 6,883 60.84 780.42 13,948 11,339 152.23 1,924.47 21,826 18,222 213.07 2,704.89 30 Andaman & Nicobar Islands 27 25 0.18 2.84 69 62 0.54 9.57 96 87 0.72 12.41 31 Chandigarh 213 199 1.51 27.50 968 890 10.16 193.61 1,181 1,089 11.67 221.11 32 Dadra & Nagrahaveli 2 2 0.01 0.04 41 39 0.26 2.82 43 41 0.27 2.85 33 Daman & Diu 17 16 0.11 2.31 85 80 0.84 12.01 102 96 0.94 14.32 34 Delhi 885 845 4.51 146.20 14,718 13,277 150.82 3,153.19 15,603 14,122 155.33 3,299.39 35 Lakshadweep - - - - - - - - - - - - 36 Puducherry 40 39 0.23 5.84 107 101 0.79 27.22 147 140 1.02 33.06




Page 5 of 46







Crs)

Sum Assured


Premium (Rs

Crs)

Sum Assured


Premium (Rs

Crs)

Sum Assured

(Rs Crs)

1 Andhra Pradesh 4,714 4,587 31.29 625.47 19,252 18,457 166.54 4,086.23 23,966 23,044 197.83 4,711.70

2 Arunachal Pradesh 123 109 2.14 24.22 155 135 1.94 22.96 278 244 4.08 47.18 3 Assam 2,589 2,434 18.30 247.35 6,385 5,877 54.86 822.91 8,974 8,311 73.16 1,070.26 4 Bihar 5,953 5,520 35.33 637.50 7,065 6,416 54.09 1,098.89 13,018 11,936 89.42 1,736.38 5 Chattisgarh 4,333 3,912 23.12 464.03 5,322 4,851 36.19 882.42 9,655 8,763 59.32 1,346.45 6 Goa 969 902 6.71 114.38 3,670 3,408 32.85 525.46 4,639 4,310 39.56 639.85 7 Gujarat 8,789 8,490 54.00 1,090.30 31,189 29,477 290.21 6,877.69 39,978 37,967 344.20 7,967.99 8 Haryana 16,161 15,690 85.22 6,430.50 84,212 82,123 326.28 56,409.12 100,373 97,813 411.50 62,839.62 9 Himachal Pradesh 1,622 1,567 9.46 190.45 1,704 1,612 12.34 283.72 3,326 3,179 21.80 474.17

10 Jammu & Kashmir 886 860 4.34 72.04 2,365 2,200 16.52 303.33 3,251 3,060 20.86 375.36 11 Jharkhand 3,206 2,992 21.95 350.40 5,373 4,949 40.75 861.57 8,579 7,941 62.70 1,211.97 12 Karnataka 7,912 7,500 49.61 1,080.88 19,131 17,903 185.57 4,910.29 27,043 25,403 235.17 5,991.18 13 Kerala 2,523 2,373 23.98 344.75 9,887 9,166 119.01 1,703.17 12,410 11,539 142.98 2,047.92 14 Madhya Pradesh 6,574 6,240 28.95 768.54 16,136 15,175 101.65 2,648.44 22,710 21,415 130.60 3,416.98 15 Maharashtra 16,582 15,931 87.95 3,637.50 72,486 67,616 587.77 25,963.53 89,068 83,547 675.72 29,601.03 16 Manipur 341 323 2.35 26.03 653 602 6.56 76.44 994 925 8.91 102.47 17 Meghalaya 154 146 1.29 13.98 437 387 4.93 62.63 591 533 6.22 76.61 18 Mizoram 8 8 0.10 1.10 178 156 2.56 28.28 186 164 2.66 29.38 19 Nagaland 191 172 3.02 31.15 707 641 12.72 128.76 898 813 15.74 159.91 20 Odisha 10,783 10,219 57.75 815.05 10,566 9,716 74.01 1,309.47 21,349 19,935 131.76 2,124.52 21 Punjab 10,242 9,786 62.49 1,045.17 14,490 13,464 118.66 2,817.53 24,732 23,250 181.14 3,862.70 22 Rajasthan 7,020 6,742 41.59 1,020.34 13,731 12,931 112.07 3,000.93 20,751 19,673 153.66 4,021.28 23 Sikkim 88 82 1.20 10.49 435 400 5.52 55.79 523 482 6.71 66.28 24 Tamil Nadu 6,293 6,028 40.20 897.84 25,309 23,690 237.90 5,420.46 31,602 29,718 278.10 6,318.30 25 Telangana 702 680 3.67 162.55 5,807 5,439 50.49 2,372.16 6,509 6,119 54.16 2,534.71 26 Tripura 321 300 2.74 34.90 715 655 6.19 75.58 1,036 955 8.93 110.48 27 Uttar Pradesh 14,145 13,327 79.41 1,661.04 39,406 36,183 297.66 8,052.64 53,551 49,510 377.07 9,713.68 28 Uttarakhand 3,303 3,122 19.69 363.63 6,306 5,811 51.22 1,117.78 9,609 8,933 70.91 1,481.40 29 West Bengal 18,315 16,373 131.60 1,699.91 40,573 34,883 380.99 5,090.17 58,888 51,256 512.59 6,790.08 30 Andaman & Nicobar Islands 59 55 0.37 6.13 201 188 1.51 25.15 260 243 1.88 31.28 31 Chandigarh 428 403 2.71 53.13 2,782 2,614 25.48 523.01 3,210 3,017 28.19 576.14 32 Dadra & Nagrahaveli 5 5 0.04 0.64 82 80 0.54 8.60 87 85 0.58 9.25 33 Daman & Diu 44 41 0.35 5.39 212 196 1.77 28.91 256 237 2.12 34.30 34 Delhi 2,168 2,076 12.00 323.48 40,003 36,875 381.32 9,132.48 42,171 38,951 393.32 9,455.96 35 Lakshadweep - - - - - - - - - - - - 36 Puducherry 72 71 0.36 10.67 370 357 2.75 76.50 442 428 3.11 87.17




Page 6 of 46


FORM L-25- (II) : GEOGRAPHICAL DISTRIBUTION CHANNEL - GROUP





Crs)

Sum Assured


Premium (Rs

Crs)

Sum Assured


Premium (Rs

Crs)

Sum Assured

(Rs Crs)

1 Andhra Pradesh - - - - 3 522 0.03 38.74 3 522 0.03 38.74

2 Arunachal Pradesh - - - - - - - - - - - - 3 Assam - - - - - - - - - - - - 4 Bihar - - - - - - - - - - - - 5 Chattisgarh - - - - - - - - - - - - 6 Goa - - - - - - - - - - - - 7 Gujarat - - - - 5 4,493 0.81 288.69 5 4,493 0.81 288.69 8 Haryana - - - - 33 444,581 10.57 7,193.58 33 444,581 10.57 7,193.58 9 Himachal Pradesh - - - - 1 - (0.00) - 1 - (0.00) -

10 Jammu & Kashmir - - - - - - - - - - - - 11 Jharkhand - - - - - - - - - - - - 12 Karnataka - - - - 45 30,506 4.18 5,414.60 45 30,506 4.18 5,414.60 13 Kerala - - - - 4 14,994 1.87 5,736.76 4 14,994 1.87 5,736.76 14 Madhya Pradesh - - - - 3 912 0.04 87.94 3 912 0.04 87.94 15 Maharashtra - - - - 65 1,224,307 120.33 13,491.85 65 1,224,307 120.33 13,491.85 16 Manipur - - - - 1 17 0.00 2.13 1 17 0.00 2.13 17 Meghalaya - - - - - - - - - - - - 18 Mizoram - - - - - - - - - - - - 19 Nagaland - - - - - - - - - - - - 20 Odisha - - - - 1 574 0.07 121.78 1 574 0.07 121.78 21 Punjab - - - - 2 43 0.00 0.99 2 43 0.00 0.99 22 Rajasthan - - - - 4 10,486 1.80 1,183.30 4 10,486 1.80 1,183.30 23 Sikkim - - - - - - - - - - - - 24 Tamil Nadu - - - - 31 32,880 7.72 6,003.58 31 32,880 7.72 6,003.58 25 Telangana - - - - 40 13,058 1.87 2,025.76 40 13,058 1.87 2,025.76 26 Tripura - - - - - - - - - - - - 27 Uttar Pradesh - - - - 13 692 0.23 434.32 13 692 0.23 434.32 28 Uttarakhand - - - - - - - - - - - - 29 West Bengal - - - - 3 181 0.43 51.95 3 181 0.43 51.95 30 Andaman & Nicobar Islands - - - - - - - - - - - - 31 Chandigarh - - - - - - - - - - - - 32 Dadra & Nagrahaveli - - - - - - - - - - - - 33 Daman & Diu - - - - - - - - - - - - 34 Delhi - - - - 9 6,939 2.16 828.58 9 6,939 2.16 828.58 35 Lakshadweep - - - - - - - - - - - - 36 Puducherry - - - - - - - - - - - -

Company Total - - - - 263 1,785,185 152.11 42,904.55 263 1,785,185 152.11 42,904.55 *Premium amount is Total New Business premium only.

S.No. State / Union Territory

Rural (Group) Urban (Group) Total Business (Group)

Page 7 of 46







Crs)

Sum Assured


Premium (Rs

Crs)

Sum Assured


Premium (Rs

Crs)

Sum Assured

(Rs Crs)

1 Andhra Pradesh - - - - 56 16,191 0.62 1,592.52 56 16,191 0.62 1,592.52

2 Arunachal Pradesh - - - - - - - - - - - - 3 Assam - - - - 3 11 0.31 0.80 3 11 0.31 0.80 4 Bihar - - - - - - - - - - - - 5 Chattisgarh - - - - 2 10 (0.00) 0.62 2 10 (0.00) 0.62 6 Goa - - - - - - - - - - - - 7 Gujarat - - - - 28 13,715 2.11 733.60 28 13,715 2.11 733.60 8 Haryana - - - - 114 2,358,340 22.26 17,670.17 114 2,358,340 22.26 17,670.17 9 Himachal Pradesh - - - - 1 - (0.00) - 1 - (0.00) -

10 Jammu & Kashmir - - - - - - - - - - - - 11 Jharkhand - - - - - - - - - - - - 12 Karnataka - - - - 154 119,750 21.77 22,872.44 154 119,750 21.77 22,872.44 13 Kerala - - - - 8 15,958 1.90 5,743.04 8 15,958 1.90 5,743.04 14 Madhya Pradesh - - - - 6 1,130 0.08 124.76 6 1,130 0.08 124.76 15 Maharashtra - - - - 244 3,162,072 362.66 43,549.03 244 3,162,072 362.66 43,549.03 16 Manipur - - - - 1 17 0.00 2.13 1 17 0.00 2.13 17 Meghalaya - - - - - - - - - - - - 18 Mizoram - - - - - - - - - - - - 19 Nagaland - - - - - - - - - - - - 20 Odisha - - - - 2 953 0.16 181.99 2 953 0.16 181.99 21 Punjab - - - - 6 278 0.01 5.74 6 278 0.01 5.74 22 Rajasthan - - - - 25 13,817 3.36 1,386.92 25 13,817 3.36 1,386.92 23 Sikkim - - - - - - - - - - - - 24 Tamil Nadu - - - - 121 97,760 19.76 12,047.45 121 97,760 19.76 12,047.45 25 Telangana - - - - 125 33,872 4.47 6,671.78 125 33,872 4.47 6,671.78 26 Tripura - - - - - - - - - - - - 27 Uttar Pradesh - - - - 35 11,632 1.55 1,722.17 35 11,632 1.55 1,722.17 28 Uttarakhand - - - - - - - - - - - - 29 West Bengal - - - - 9 1,806 0.51 116.84 9 1,806 0.51 116.84 30 Andaman & Nicobar Islands - - - - - - - - - - - - 31 Chandigarh - - - - - - - - - - - - 32 Dadra & Nagrahaveli - - - - - - - - - - - - 33 Daman & Diu - - - - - - - - - - - - 34 Delhi - - - - 67 33,963 11.06 5,999.33 67 33,963 11.06 5,999.33 35 Lakshadweep - - - - - - - - - - - - 36 Puducherry - - - - - - - - - - - -

Company Total - - - - 1,007 5,881,275 452.59 120,421.33 1,007 5,881,275 452.59 120,421.33 *Premium amount is Total New Business premium only.



Page 8 of 46







Crs)

Sum Assured


Premium (Rs

Crs)

Sum Assured


Premium (Rs

Crs)

Sum Assured

(Rs Crs)

1 Andhra Pradesh - - - - 3 556 0.01 29.69 3 556 0.01 29.69 2 Arunachal Pradesh - - - - - - - - - - - - 3 Assam - - - - 2 954 0.16 358.05 2 954 0.16 358.05 4 Bihar - - - - - - - - - - - - 5 Chattisgarh - - - - - - - - - - - - 6 Goa - - - - - - - - - - - - 7 Gujarat - - - - 2 1,275 0.17 100.56 2 1,275 0.17 100.56 8 Haryana - - - - 12 808,779 5.98 3,915.26 12 808,779 5.98 3,915.26 9 Himachal Pradesh - - - - 1 87 0.01 8.80 1 87 0.01 8.80

10 Jammu & Kashmir - - - - - - - - - - - - 11 Jharkhand - - - - - - - - - - - - 12 Karnataka - - - - 23 14,615 4.64 3,506.84 23 14,615 4.64 3,506.84 13 Kerala - - - - 2 1,736 0.05 10.24 2 1,736 0.05 10.24 14 Madhya Pradesh - - - - - 205 0.04 16.78 - 205 0.04 16.78 15 Maharashtra - - - - 60 388,894 118.56 17,309.92 60 388,894 118.56 17,309.92 16 Manipur - - - - - - - - - - - - 17 Meghalaya - - - - - - - - - - - - 18 Mizoram - - - - - - - - - - - - 19 Nagaland - - - - - - - - - - - - 20 Odisha - - - - - - - - - - - - 21 Punjab - - - - 2 553 0.08 52.18 2 553 0.08 52.18 22 Rajasthan - - - - 5 771 0.20 2.03 5 771 0.20 2.03 23 Sikkim - - - - - - - - - - - - 24 Tamil Nadu - - - - 12 (4,394) 0.60 841.27 12 (4,394) 0.60 841.27 25 Telangana - - - - 17 4,837 0.49 543.03 17 4,837 0.49 543.03 26 Tripura - - - - - - - - - - - - 27 Uttar Pradesh - - - - 8 1,687 0.24 349.21 8 1,687 0.24 349.21 28 Uttarakhand - - - - - - - - - - - - 29 West Bengal - - - - 2 16 0.53 4.00 2 16 0.53 4.00 30 Andaman & Nicobar Islands - - - - - - - - - - - - 31 Chandigarh - - - - - - - - - - - - 32 Dadra & Nagrahaveli - - - - - - - - - - - - 33 Daman & Diu - - - - (1) 245 0.00 7.35 (1) 245 0.00 7.35 34 Delhi - - - - 3 1,384 (0.45) 52.30 3 1,384 (0.45) 52.30 35 Lakshadweep - - - - - - - - - - - - 36 Puducherry - - - - - - - - - - - -




Page 9 of 46







Crs)

Sum Assured


Premium (Rs

Crs)

Sum Assured


Premium (Rs

Crs)

Sum Assured

(Rs Crs)

1 Andhra Pradesh - - - - 23 13,664 1.28 814.54 23 13,664 1.28 814.54

2 Arunachal Pradesh - - - - - - - - - - - - 3 Assam - - - - 2 954 0.16 358.05 2 954 0.16 358.05 4 Bihar - - - - - - - - - - - - 5 Chattisgarh - - - - 2 8 0.00 0.72 2 8 0.00 0.72 6 Goa - - - - - - - - - - - - 7 Gujarat - - - - 28 9,578 2.95 656.81 28 9,578 2.95 656.81 8 Haryana - - - - 79 1,259,448 15.00 17,603.21 79 1,259,448 15.00 17,603.21 9 Himachal Pradesh - - - - 2 1,010 0.12 54.95 2 1,010 0.12 54.95

10 Jammu & Kashmir - - - - - - - - - - - - 11 Jharkhand - - - - - - - - - - - - 12 Karnataka - - - - 95 121,123 16.81 16,386.02 95 121,123 16.81 16,386.02 13 Kerala - - - - 5 4,571 0.67 52.19 5 4,571 0.67 52.19 14 Madhya Pradesh - - - - 1 333 0.06 33.30 1 333 0.06 33.30 15 Maharashtra - - - - 204 2,608,229 361.91 37,441.29 204 2,608,229 361.91 37,441.29 16 Manipur - - - - - - - - - - - - 17 Meghalaya - - - - - - - - - - - - 18 Mizoram - - - - - - - - - - - - 19 Nagaland - - - - - - - - - - - - 20 Odisha - - - - - - - - - - - - 21 Punjab - - - - 3 500 0.08 49.53 3 500 0.08 49.53 22 Rajasthan - - - - 14 2,595 0.63 321.85 14 2,595 0.63 321.85 23 Sikkim - - - - - - - - - - - - 24 Tamil Nadu - - - - 91 71,836 5.13 5,253.18 91 71,836 5.13 5,253.18 25 Telangana - - - - 78 52,801 2.43 3,085.54 78 52,801 2.43 3,085.54 26 Tripura - - - - - - - - - - - - 27 Uttar Pradesh - - - - 29 6,835 0.92 1,418.92 29 6,835 0.92 1,418.92 28 Uttarakhand - - - - 2 52 0.01 3.52 2 52 0.01 3.52 29 West Bengal - - - - 3 345 0.53 7.29 3 345 0.53 7.29 30 Andaman & Nicobar Islands - - - - - - - - - - - - 31 Chandigarh - - - - - - - - - - - - 32 Dadra & Nagrahaveli - - - - - - - - - - - - 33 Daman & Diu - - - - - - - - - - - - 34 Delhi - - - - 55 6,294 5.02 1,318.20 55 6,294 5.02 1,318.20 35 Lakshadweep - - - - - - - - - - - - 36 Puducherry - - - - - - - - - - - -




Page 10 of 46


L-26-INVESTMENT ASSETS - 3A PART A


REGISTRATION NO: 104; DATE OF REGISTRATION WITH IRDA : NOVEMBER 15, 2000

STATEMENT AS ON: 31st March 2020

Section I In Rs Crores Reconciliation of Investment Assets In Rs Crores

No Particulars Form Amount Particulars Amount

1 Investments (Shareholders) L-12 3,258 Total Investment Assets as per Balance Sheet 68,471

Investments (Policyholders) L-13 46,048

Investments (Linked Liabilities) L-14 19,164 Balance Sheet Value of :

2 Loans L-15 426 A. Life Fund 47,938

3 Fixed Assets L-16 219 B. Pension & General Annuity Fund 1,368

4 Current Assets C. Unit Linked Funds 19,164

a. Cash & Bank Balance L-17 406

b. Advances & Other Assets L-18 2,251

5 Current Liabilities

a. Current Liabilities L-19 (1,964)

b. Provisions L-20 (64)

c. Misc. Exp not Written Off L-21 -

d. Debit Balance of P&L A/c -

Application of Funds as per Balance Sheet

TOTAL (A) 69,745

Less: Other Assets Form Amount

1 Loans (if any) L-15 426

2 Fixed Assets (if any) L-16 219

3 Cash & Bank Balance (if any) L-17 406

4 Advances & Other Assets (if any) L-18 2,251

5 Current Liabilities L-19 (1,964)

6 Provisions L-20 (64)

7 Misc. Exp not Written Off L-21 -

8 Investments held outside India

9 Debit Balance of P&L A/c

TOTAL (B) 1,274

Investment Assets (A-B) 68,471

Page 11 of 46


L-26-INVESTMENT ASSETS - 3A PART A




Section II

NON LINKED BUSINESS In Rs Crores

Balance FRSM+ UL-Non

Unit ResPAR NON PAR

(a) (b) (c) (d) (e)(f)=

(a+b+c+d+e)

1 G. Sec Not less than

25% - 141 44 22,640 3,838 26,664 54.89% - 26,664 29,555

2 G. Sec or Other Approved Securities (incl 1 Above) Not less than

50% - 431 124 25,297 4,830 30,683 63.16% - 30,683 33,693

3 Investment Subject to Excposure Norms

a. Housing & Infrastructure

1. Approved Investments - 771 134 6,906 1,438 9,248 19.04% (99) 9,149 9,688

2. Other Investments - - - - - - 0.00% - - -

b. i) Approved Investments - 1,057 52 4,948 547 6,603 13.59% (468) 6,135 6,182

ii) "Other Investments" not to exceed 15% - 1,025 - 1,011 7 2,042 4.20% (70) 1,972 1,837

TOTAL LIFE FUND 100% - 3,284 309 38,162 6,822 48,576 100.00% (638) 47,938 51,399

PAR NON PAR

(a) (b) (c)=(a)+(b) (d) (e) (f)= (c)+(e) (g)

1 G. Sec 58 413 471 34.38% - 471 516

2 G. Sec or Other Approved Securities (incl 1 Above) 68 703 771 56.34% - 771 832

3 Investment Subject to Excposure Norms 33 565 598 43.66% (1) 597 627

TOTAL PENSION , GENERAL ANNUITY FUND 101 1,269 1,369 100.00% (1) 1,368 1,459

LINKED BUSINESS

PAR NON PAR

(a) (b) (c)=(a)+(b) (d)

1 Approved Investment - 17,737 17,737 92.55%

2 Other Investments - 1,427 1,427 7.45%

TOTAL LINKED INSURANCE FUND - 19,164 19,164 100.00%

CERTIFICATION

Certified that the information given herein are correct, complete, and nothing has been concealed or suppresse, to the best of my knowledge and belief.

DATE: 23rd April, 2020 Signature: sd/-

Full Name: Prashant Tripathy / Mihir Vora

Designation: Chief Executive Officer/ Chief Investment Officer

Note: 1. (+) FRSM refers to 'Funds Representing Solvency Margin'.

2. Funds beyond Solvency Margin shall have a separate Custody Account.

3. Other Investments are as permitted under Section 27A(2) of Insurance Act, 1938 as amended from time to time.

4. Pattern of Investments is applicable to both Shareholders funds representing solvency margin and policyholders funds.

5. Exposure norms shall apply to Funds held beyond Solvency Margin, held in a separate custody account.

Not less than 75%

Not exceeding 25%

Total Fund Actual %

100%

100%

C. LINKED FUNDS % as per Reg

PH

Not exceeding 60%

FVC

AmountTotal Fund

Market

Value

Not less than

15%

Not

exceeding

Actual %

FVC Amount Total FundMarket

Value

Not less than 20%

Not less than 40%

B. PENSION AND GENERAL ANNUITY FUND % as per Reg

PH Book

Value Actual %

A. LIFE FUND % as per Reg

SH PHBook Value

(SH+PH)

Page 12 of 46


FORM L-27- UNIT LINKED - 3A PART B




In Rs Crores

Opening Balance (Market Value) 114 438 10 46 291 318 557

Add: Inflow During the Quarter 2 5 0 2 3 18 50

Increase / (Decrease) Value of Inv. (Net) (10) (53) (0) 2 (73) (3) (34)

Less: Outflow during the Quarter 8 33 1 1 21 18 26

TOTAL INVESTIBLE FUNDS (MKT VALUE) 97 356 10 48 200 315 547

Investment Of Unit Fund

Actual Inv. % Actual Actual Inv. % Actual Actual Inv. % Actual Actual Inv. % Actual Actual Inv. % Actual Actual Inv. % Actual Actual Inv. % Actual

Approved Investments (>=75%)

Central Govt Securities 28 29.25% 77 21.64% 5 53.89% 24 50.18% - 0.00% 152 48.17% 205 37.43%

State Government Securities 2 2.14% 7 1.88% 0 2.27% 4 7.65% - 0.00% 5 1.47% 29 5.27%

Other Approved Securities - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00%

Corporate Bonds 8 7.79% 26 7.42% 0 3.34% 5 10.45% - 0.00% 20 6.47% 36 6.50%

Infrastructure Bonds 23 23.88% 40 11.22% 1 15.07% 11 22.19% - 0.00% 76 24.15% 88 16.05%

Equity 23 23.38% 145 40.79% 1 7.00% - 0.00% 160 79.78% 35 11.15% 128 23.47%

Money Market Instruments 5 5.09% 18 5.06% 1 15.21% 0 0.06% 12 6.03% 11 3.62% 20 3.70%

Mutual funds - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00%

Deposit with Banks - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00%

Sub Total (A) 89 91.52% 313 88.03% 10 96.79% 43 90.53% 172 85.81% 299 95.03% 505 92.42%

Current Assets:

Accrued Interest 1 1.50% 4 1.12% 0 1.75% 1 1.89% 0 0.00% 5 1.71% 7 1.24%

Dividend Receivable - 0.00% 0 0.00% 0 0.00% - 0.00% 0 0.00% 0 0.00% 0 0.00%

Bank Balance 0 0.01% 0 0.00% 0 0.00% 0 0.00% 0 0.00% 0 0.00% 0 0.00%

Receivable for Sale of Investments 0 0.11% 9 2.65% - 0.00% 0 0.85% - 0.00% 0 0.11% 7 1.29%

Other Current Assets (for Investments) 0 0.03% - 0.00% 0 0.27% 0 0.40% 0 0.00% 2 0.55% 6 1.03%

Less: Current Liabilities

Payable for Investments 0 0.00% 0 0.00% - 0.00% 0 0.00% - 0.00% 0 0.00% 0 0.00%

Other current liabilites (for Investments) 0 0.22% 1 0.26% - 0.00% 0 0.14% 0 0.19% 0 0.04% 0 0.00%

Fund Mgmt Charges Payable - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00%

Sub Total (B) 1 1.42% 12 3.51% 0 2.02% 1 3.00% (0) -0.19% 7 2.33% 19 3.56%

Other Investments (<=25%)

Corporate Bonds 3 3.37% 15 4.28% - 0.00% 2 5.17% - 0.00% 5 1.68% 13 2.36%

Infrastructure Bonds 1 0.84% 0 0.12% 0 0.83% 1 1.29% - 0.00% 1 0.26% 1 0.11%

Equity 3 2.85% 9 2.63% 0 0.36% - 0.00% 7 3.62% 2 0.70% 8 1.55%

Money Market - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00%

Others - 0.00% 5 1.44% - 0.00% - 0.00% 22 10.75% - 0.00% - 0.00%

Sub Total (C) 7 7.06% 30 8.46% 0 1.19% 3 6.47% 29 14.37% 8 2.64% 22 4.02%

Total (A+B+C ) 97 100.00% 356 100.00% 10 100.00% 48 100.00% 200 100.00% 315 100.00% 547 100.00%

Fund Carried Forward (as per LB 2) 97 100.00% 356 100.00% 10 100.00% 48 100.00% 200 100.00% 315 100.00% 547 100.00%

DATE: 23rd April, 2020

1. The aggregate of all the above Segregated Unit Fund should tally with item C of

Form 3A (Part A) , for both Par & Non Par Business.

2. Details of item 12 of Form LB 2 of IRDA ( Actuarial Report ) Regulation ,2000 shall

be reconciled with FORM 3A ( Part B).

3. Other Investment are as permitted under Sec 27 A (2) and 27 B(3).

4. Group Superannuation Growth Fund & Group Superannuation Balanced fund

have no active policyholders as on reporting date.

Pension Preserver Pension MaximiserPension Balanced Fund Pension Growth FundPension Conservative

FundPension Secured Fund Pension Growth Super Fund

ULIF01815/02/13PENSP

RESER104

ULIF01715/02/13PENSM

AXIMI104

ULIF00625/11/05PENSB

ALANC104

ULIF00525/11/05PENSG

ROWTH104

ULIF00725/11/05PENSC

ONSER104

ULIF00825/11/05PENSS

ECURE104

ULIF01213/08/07PENSGRW

SUP104

Particulars

Pension Balanced Fund Pension Growth FundPension Conservative

FundPension Secured Fund Pension Growth Super Fund Pension Preserver Pension Maximiser

Page 13 of 46






Opening Balance (Market Value)

Add: Inflow During the Quarter

Increase / (Decrease) Value of Inv. (Net)

Less: Outflow during the Quarter

TOTAL INVESTIBLE FUNDS (MKT VALUE)



Central Govt Securities

State Government Securities

Other Approved Securities

Corporate Bonds

Infrastructure Bonds

Equity

Money Market Instruments

Mutual funds

Deposit with Banks

Sub Total (A)

Current Assets:

Accrued Interest

Dividend Receivable

Bank Balance

Receivable for Sale of Investments

Other Current Assets (for Investments)


Payable for Investments

Other current liabilites (for Investments)

Fund Mgmt Charges Payable

Sub Total (B)


Corporate Bonds


Equity

Money Market

Others

Sub Total (C)

Total (A+B+C )

Fund Carried Forward (as per LB 2)









Particulars

In Rs Crores In Rs Crores

157 1,930 36 19 22 - -

36 115 5 0 1 - -

2 (169) (2) (2) 1 - -

33 141 1 1 0 - -

162 1,734 39 16 23 - -


158 97.75% 649 37.43% 12 32.14% 3 17.76% 12 49.82% - 0.00% - 0.00%

- 0.00% 46 2.66% 2 4.48% 1 7.97% 5 21.40% - 0.00% - 0.00%

- 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00%

- 0.00% 95 5.49% 4 10.81% 0 2.04% 2 6.99% - 0.00% - 0.00%

- 0.00% 239 13.78% 8 20.65% 4 23.71% 2 8.56% - 0.00% - 0.00%

- 0.00% 492 28.36% 6 15.71% 6 38.32% - 0.00% - 0.00% - 0.00%

2 1.12% 70 4.04% 5 13.39% 1 6.92% 1 3.48% - 0.00% - 0.00%

- 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00%

- 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00%

160 98.86% 1,591 91.75% 38 97.17% 15 96.73% 21 90.25% - 0.00% - 0.00%

2 1.41% 21 1.21% 1 1.81% 0 1.34% 0 2.09% - 0.00% - 0.00%

- 0.00% 0 0.00% 0 0.00% 0 0.00% - 0.00% - 0.00% - 0.00%

0 0.00% 0 0.00% 0 0.00% 0 0.00% 0 0.00% - 0.00% - 0.00%

- 0.00% 17 1.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00%

0 0.19% 8 0.46% 0 0.00% 0 0.01% 1 2.57% - 0.00% - 0.00%

- 0.00% 0 0.00% - 0.00% - 0.00% 0 0.00% - 0.00% - 0.00%

1 0.46% 3 0.14% - 0.00% - 0.00% 0 0.00% - 0.00% - 0.00%

- 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00%

2 1.14% 44 2.52% 1 1.81% 0 1.35% 1 4.66% - 0.00% - 0.00%

- 0.00% 39 2.26% - 0.00% - 0.00% 1 5.09% - 0.00% - 0.00%

- 0.00% 3 0.19% 0 0.21% 0 0.05% - 0.00% - 0.00% - 0.00%

- 0.00% 30 1.73% 0 0.80% 0 1.88% - 0.00% - 0.00% - 0.00%

- 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00%

- 0.00% 27 1.54% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00%

- 0.00% 99 5.72% 0 1.01% 0 1.93% 1 5.09% - 0.00% - 0.00%

162 100.00% 1,734 100.00% 39 100.00% 16 100.00% 23 100.00% - 0.00% - 0.00%

162 100.00% 1,734 100.00% 39 100.00% 16 100.00% 23 100.00% - 0.00% - 0.00%

Discontinuance Policy Fund

PensionTotal Pension Group Gratuity Balanced fund

Group Gratuity Growth

fund

ULGF00317/04/06GRAT

CONSER104

Group Gratuity

Conservative Fund

Group Superannuation

Balanced Fund


Growth Fund

ULGF00523/01/07SANN

BALANC104

ULGF00423/01/07SANN

GROWTH104

ULIF01912/08/13PENSDISC

ON104

ULGF00217/04/06GRATBAL

ANC104

ULGF00117/04/06GRAT

GROWTH104


Growth Fund


PensionTotal Pension Group Gratuity Balanced fund

Group Gratuity Growth

fund

Group Gratuity

Conservative Fund


Balanced Fund

Page 14 of 46
















Corporate Bonds


Equity


Mutual funds

Deposit with Banks

Sub Total (A)

Current Assets:

Accrued Interest

Dividend Receivable

Bank Balance







Sub Total (B)


Corporate Bonds


Equity

Money Market

Others

Sub Total (C)

Total (A+B+C )










Particulars


1 10 89 2,976 6,552 200 651

0 (0) 5 243 534 20 74

0 0 (3) (161) (714) 1 25

0 0 2 167 359 7 22

2 11 90 2,892 6,013 215 728


1 56.95% 5 45.96% 33 36.22% 1,049 36.27% 1,395 23.20% 119 55.44% 398 54.59%

0 17.21% 0 2.95% 9 9.51% 68 2.36% 68 1.14% 12 5.50% 47 6.45%

- 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00%

- 0.00% 2 14.48% 8 8.52% 138 4.78% 237 3.94% 9 4.30% 75 10.34%

0 13.65% 3 28.80% 17 18.91% 602 20.83% 1,014 16.86% 36 16.97% 160 21.93%

- 0.00% - 0.00% 12 13.53% 675 23.34% 2,271 37.77% 13 6.25% - 0.00%

0 9.24% 0 3.85% 8 8.48% 27 0.94% 35 0.58% 9 4.03% 48 6.66%

- 0.00% - 0.00% - 0.00% - 0.00% 150 2.49% - 0.00% - 0.00%

- 0.00% - 0.00% - 0.00% - 0.00% 75 1.25% - 0.00% - 0.00%

1 97.06% 10 96.04% 86 95.17% 2,560 88.52% 5,245 87.23% 198 92.49% 728 99.96%

0 2.12% 0 2.72% 2 1.91% 45 1.55% 70 1.16% 4 1.93% 17 2.33%

- 0.00% - 0.00% 0 0.00% 0 0.00% 0 0.00% 0 0.00% - 0.00%

0 0.01% 0 0.00% 0 0.00% 8 0.27% 7 0.11% 0 0.00% 0 0.00%

- 0.00% - 0.00% - 0.00% 117 4.05% 173 2.88% 0 0.11% 13 1.73%

0 0.00% - 0.00% 1 0.67% 32 1.10% 46 0.77% 2 1.07% 7 0.97%

- 0.00% - 0.00% 0 0.00% 19 0.67% 58 0.96% 0 0.00% 60 8.19%

0 0.00% 0 0.00% 0 0.00% 1 0.04% 2 0.03% 0 0.00% 0 0.02%

- 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00%

0 2.13% 0 2.72% 2 2.58% 181 6.26% 236 3.92% 7 3.11% (23) -3.18%

- 0.00% - 0.00% 1 1.32% 107 3.70% 266 4.43% 8 3.82% 17 2.34%

0 0.81% 0 1.24% 0 0.26% 6 0.21% 34 0.56% 1 0.29% 6 0.88%

- 0.00% - 0.00% 1 0.68% 38 1.30% 132 2.20% 1 0.30% - 0.00%

- 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00%

- 0.00% - 0.00% - 0.00% - 0.00% 100 1.66% - 0.00% - 0.00%

0 0.81% 0 1.24% 2 2.25% 151 5.22% 532 8.85% 9 4.41% 23 3.22%

2 100.00% 11 100.00% 90 100.00% 2,892 100.00% 6,013 100.00% 215 100.00% 728 100.00%

2 100.00% 11 100.00% 90 100.00% 2,892 100.00% 6,013 100.00% 215 100.00% 728 100.00%

Growth Fund Conservative Fund Secured Fund

ULIF00225/06/04LIFEBA

LANC104


Conservative Fund

Group Gratuity Bond

FundTotal Group Fund Balanced Fund

ULGF00623/01/07SANNCON

SER104

ULGF00707/02/13GRAT

PLBOND104

ULIF00125/06/04LIFEGR

OWTH104

ULIF00325/06/04LIFECONSE

R104

ULIF00425/06/04LIFESE

CURE104


Conservative Fund

Group Gratuity Bond

FundTotal Group Fund Balanced Fund Growth Fund Conservative Fund Secured Fund

Page 15 of 46
















Corporate Bonds


Equity


Mutual funds

Deposit with Banks

Sub Total (A)

Current Assets:

Accrued Interest

Dividend Receivable

Bank Balance







Sub Total (B)


Corporate Bonds


Equity

Money Market

Others

Sub Total (C)

Total (A+B+C )










Particulars


1 4 5,484 325 779 12 346

0 0 673 83 16 0 295

0 (0) (1,371) (87) (91) 0 15

(0) (0) 276 12 79 1 204

1 4 4,510 310 625 11 451


1 71.58% 2 61.97% - 0.00% - 0.00% 157 25.16% - 0.00% 278 61.56%

0 0.28% 0 8.29% - 0.00% - 0.00% 19 3.09% - 0.00% 21 4.64%

- 0.00% 0 0.27% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00%

0 4.11% 0 2.91% 0 0.00% - 0.00% 16 2.61% - 0.00% 23 5.10%

- 0.00% - 0.00% - 0.00% - 0.00% 78 12.51% - 0.00% 89 19.80%

0 2.90% 0 8.19% 3,377 74.90% 218 70.36% 285 45.56% - 0.00% - 0.00%

0 15.63% 1 14.85% 387 8.59% 54 17.47% 15 2.41% 11 100.93% 13 2.88%

- 0.00% - 0.00% 190 4.21% - 0.00% - 0.00% - 0.00% - 0.00%

- 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00%

1 94.50% 4 96.48% 3,955 87.70% 272 87.83% 571 91.33% 11 100.93% 424 93.98%

0 1.56% 0 1.23% 0 0.00% 0 0.00% 6 1.00% 0 0.00% 8 1.69%

0 0.00% 0 0.00% 1 0.01% 0 0.01% 0 0.00% - 0.00% - 0.00%

0 0.01% 0 0.00% 0 0.01% 0 0.00% 0 0.00% 0 0.00% 0 0.00%

- 0.00% - 0.00% - 0.00% - 0.00% 5 0.79% - 0.00% 9 1.93%

0 3.84% 0 2.00% 68 1.51% 11 3.48% - 0.00% 0 0.79% 25 5.62%

- 0.00% - 0.00% 37 0.83% - 0.00% 0 0.00% - 0.00% 21 4.56%

- 0.00% 0 0.00% 0 0.00% 0 0.00% 9 1.38% 0 1.72% 2 0.46%

- 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00%

0 5.41% 0 3.23% 31 0.70% 11 3.49% 3 0.41% (0) -0.93% 19 4.23%

- 0.00% - 0.00% - 0.00% - 0.00% 30 4.85% - 0.00% 7 1.51%

- 0.00% - 0.00% - 0.00% - 0.00% 6 0.98% - 0.00% 1 0.27%

0 0.08% 0 0.28% 119 2.64% 19 6.18% 15 2.42% - 0.00% - 0.00%

- 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00%

- 0.00% - 0.00% 405 8.97% 8 2.50% - 0.00% - 0.00% - 0.00%

0 0.08% 0 0.28% 523 11.61% 27 8.68% 52 8.26% - 0.00% 8 1.79%

1 100.00% 4 100.00% 4,510 100.00% 310 100.00% 625 100.00% 11 100.00% 451 100.00%

1 100.00% 4 100.00% 4,510 100.00% 310 100.00% 625 100.00% 11 100.00% 451 100.00%

Growth Super Fund High Growth FundDynamic Opportunity

FundMoney Market Fund Secure Plus FundGuaranteed Fund-Income

ULIF01311/02/08LIFEHIGHG

R104

ULIF01425/03/08LIFEDY

NOPP104

ULIF01528/04/09LIFEMO

NEYM104

ULIF01628/04/09LIFESE

CPLS104

Guaranteed Fund-

Dynamic

ULIF01108/02/07LIFEGR

WSUP104

ULIF00904/10/06AMSRG

UAINC104

ULIF01004/10/06AMSRG

UADYN104

Money Market Fund Secure Plus FundDynamic Opportunity

FundGuaranteed Fund-Income

Guaranteed Fund-

DynamicGrowth Super Fund High Growth Fund

Page 16 of 46
















Corporate Bonds


Equity


Mutual funds

Deposit with Banks

Sub Total (A)

Current Assets:

Accrued Interest

Dividend Receivable

Bank Balance







Sub Total (B)


Corporate Bonds


Equity

Money Market

Others

Sub Total (C)

Total (A+B+C )










Particulars


1,437 18,766 20,785

356 2,295 2,415

19 (2,363) (2,535)

232 1,358 1,502

1,581 17,340 19,164

Actual Inv. % Actual Actual Inv. % Actual Actual Inv. % Actual

1,347 85.20% 4,745 27.37% 5,427 28.32%

- 0.00% 236 1.36% 291 1.52%

- 0.00% 0 0.00% 0 0.00%

- 0.00% 499 2.88% 602 3.14%

- 0.00% 1,980 11.42% 2,236 11.67%

- 0.00% 6,840 39.44% 7,344 38.32%

8 0.50% 609 3.51% 686 3.58%

205 12.97% 545 3.14% 545 2.84%

- 0.00% 75 0.43% 75 0.39%

1,560 98.66% 15,528 89.55% 17,205 89.78%

9 0.58% 159 0.92% 182 0.95%

- 0.00% 1 0.00% 1 0.00%

0 0.00% 15 0.09% 15 0.08%

- 0.00% 317 1.83% 334 1.74%

12 0.76% 204 1.17% 212 1.11%

- 0.00% 195 1.12% 195 1.02%

- 0.00% 14 0.08% 17 0.09%

- 0.00% - 0.00% - 0.00%

21 1.34% 486 2.80% 532 2.77%

- 0.00% 436 2.51% 476 2.48%

- 0.00% 54 0.31% 58 0.30%

- 0.00% 323 1.87% 354 1.85%

- 0.00% - 0.00% - 0.00%

- 0.00% 512 2.95% 539 2.81%

- 0.00% 1,326 7.65% 1,427 7.45%

1,581 100.00% 17,340 100.00% 19,164 100.00%

1,581 100.00% 17,340 100.00% 19,164 100.00%

sd/-

Signature



Grand TotalDiscontinuance Policy Fund

individualTotal Individual Fund


individualTotal Individual Fund Grand Total

ULIF02021/06/13LIFEDISCON1

04

Page 17 of 46


FORM L-28-ULIP NAV Linked to Form 3A ( Part B)




In Rs Crores

Assets

Held NAV (Rs)

NAV (Rs) As

per LB2

1 Group Gratuity Growth Fund ULGF00117/04/06GRATGROWTH104 17/04/2006 Non-Par 16 29.5087 29.5087 33.3247 32.1391 32.1940 31.0705 -5.03% 2.54% 33.9346

2 Group Gratuity Balanced Fund ULGF00217/04/06GRATBALANC104 17/04/2006 Non-Par 39 33.2200 33.2200 34.7479 33.7820 33.2392 32.4358 2.42% 4.73% 35.4562

3 Group Gratuity Conservative Fund ULGF00317/04/06GRATCONSER104 17/04/2006 Non-Par 23 30.4378 30.4378 29.6275 29.0560 28.3102 27.5390 10.53% 7.01% 30.4378

4 Group Superannuation Growth Fund ULGF00423/01/07SANNGROWTH104 23/01/2007 Non-Par - NC NC NC NC NC NC NC NC 26.0843

5 Group Superannuation Balanced Fund ULGF00523/01/07SANNBALANC104 23/01/2007 Non-Par - NC NC NC NC NC NC NC NC 24.3622

6 Group Superannuation Conservative Fund ULGF00623/01/07SANNCONSER104 23/01/2007 Non-Par 2 22.9732 22.9732 22.3138 21.9783 21.6261 21.3281 7.71% 5.86% 22.9732

7 Group Gratuity Bond Fund ULGF00707/02/13GRATPLBOND104 31/12/2013 Non-Par 11 16.4370 16.4370 16.0031 15.7238 15.4790 15.3137 7.34% 5.76% 16.4528

8 Growth Fund ULIF00125/06/04LIFEGROWTH104 25/06/2004 Non-Par 6,013 54.0690 54.0690 60.5938 58.9582 59.2742 58.2409 -7.16% 2.93% 61.7176

9 Balanced Fund ULIF00225/06/04LIFEBALANC104 25/06/2004 Non-Par 2,892 44.3254 44.3254 46.8452 45.6817 45.1530 43.9749 0.80% 4.88% 47.7739

10 Conservative Fund ULIF00325/06/04LIFECONSER104 25/06/2004 Non-Par 215 38.5417 38.5417 38.3622 37.5674 37.1763 36.3640 5.99% 5.67% 39.2372

11 Secured Fund ULIF00425/06/04LIFESECURE104 25/06/2004 Non-Par 728 32.9657 32.9657 31.7832 31.1448 31.0424 30.5693 7.84% 6.24% 33.0593

12 Pension Growth Fund ULIF00525/11/05PENSGROWTH104 25/11/2005 Non-Par 356 32.5051 32.5051 37.3017 36.2413 36.2143 35.4326 -8.26% 1.54% 37.8980

13 Pension Balanced Fund ULIF00625/11/05PENSBALANC104 25/11/2005 Non-Par 97 29.0014 29.0014 31.8462 30.8759 30.6325 30.0696 -3.55% 3.30% 32.4878

14 Pension Conservative Fund ULIF00725/11/05PENSCONSER104 25/11/2005 Non-Par 10 29.7021 29.7021 29.7851 29.1082 28.8239 28.2159 5.27% 5.74% 30.4485

15 Pension Secured Fund ULIF00825/11/05PENSSECURE104 25/11/2005 Non-Par 48 28.6496 28.6496 27.7408 27.2583 27.3195 27.0061 6.09% 5.57% 28.7014

16 Guaranteed Fund-Income ULIF00904/10/06AMSRGUAINC104 04/10/2006 Non-Par 1 23.3817 23.3817 23.0952 22.7421 22.3802 21.7530 7.49% 5.45% 23.6399

17 Guaranteed Fund-Dynamic ULIF01004/10/06AMSRGUADYN104 04/10/2006 Non-Par 4 23.8058 23.8058 24.1768 23.7073 23.3858 22.7549 4.62% 4.94% 24.5475

18 Growth Super Fund ULIF01108/02/07LIFEGRWSUP104 08/02/2007 Non-Par 4,510 28.6986 28.6986 37.7577 36.2211 36.8222 36.5382 -21.46% 0.39% 38.4632

19 Pension Growth Super Fund ULIF01213/08/07PENSGRWSUP104 13/08/2007 Non-Par 200 17.2865 17.2865 23.4482 22.5714 22.9021 22.7654 -24.07% -2.01% 23.8995

20 High Growth Fund ULIF01311/02/08LIFEHIGHGR104 11/02/2008 Non-Par 310 23.8572 23.8572 30.9120 29.5442 30.1112 29.9133 -20.25% -2.24% 32.9894

21 Dynamic Opportunity Fund ULIF01425/03/08LIFEDYNOPP104 25/03/2008 Non-Par 625 24.8637 24.8637 28.3819 27.6581 27.8777 27.4128 -9.30% 2.08% 28.9894

22 Money Market Fund ULIF01528/04/09LIFEMONEYM104 28/04/2009 Non-Par 11 18.4798 18.4798 18.3035 18.1193 17.9056 17.6858 4.49% 5.04% 18.4798

23 Secure Plus Fund ULIF01628/04/09LIFESECPLS104 28/04/2009 Non-Par 451 23.7783 23.7783 22.8737 22.4396 22.1518 21.4958 10.62% 7.30% 23.8457

24 Pension Maximiser ULIF01715/02/13PENSMAXIMI104 16/08/2013 Non-Par 547 17.1789 17.1789 18.2789 17.8037 17.5892 17.1499 0.17% 4.21% 18.5769

25 Pension Preserver ULIF01815/02/13PENSPRESER104 19/08/2013 Non-Par 315 17.4240 17.4240 17.5939 17.2728 16.9582 16.4903 5.66% 5.14% 17.9652

26 Discontinuance Policy Fund Pension ULIF01912/08/13PENSDISCON104 19/02/2014 Non-Par 162 15.6646 15.6646 15.4597 15.2682 15.0372 14.8079 5.79% 5.93% 15.6646

27 Discontinuance Policy Fund Life ULIF02021/06/13LIFEDISCON104 29/04/2014 Non-Par 1,581 15.4593 15.4593 15.2604 15.0676 14.8405 14.6126 5.79% 5.93% 15.4593

TOTAL 19,164

Certification

Certified that the performance of all segregated funds have been placed and reviewed by the board. All information given herein are correct, complete and nothing has been concealed or suppressed, to the best of my knowledge and belief.


Signature: sd/-



Note :

1 NAV figures as per LB2 are as on 31 March 2020

2 NAV shown is at 4 decimal places

3 Group Superannuation Growth Fund & Group Superannuation Balanced fund have no active policyholders as on reporting date. Yields are not computed for these funds.

Highest

NAV since

inception

Previous Qtr.

NAV (Rs)

2nd

Previous

Qtr. NAV

3rd

Previous

Qtr. NAV

4th

Previous

Qtr. NAV

Annualis

ed

Return/Y

3 Year

Rolling

CAGR

As on the Above Date

S.No Name of the Scheme SFIN No. Date of LaunchPar/ Non

Par

Page 18 of 46


FORM L - 29 - DEBT SECURITIES - 7A




In Rs Crores

ULIP Non-ULIP Total

as % of

total for this

class

ULIP Non-ULIP Total

as % of

total for

this class

ULIP Non-ULIP Total

as % of

total for this

class

ULIP Non-ULIP Total

as % of

total for this

class

Break down by credit

rating

AAA rated 3,147 11,371 14,518 25.26% 2,872 9,439 12,311 26.25% 3,147 10,760 13,907 25.79% 2,872 9,359 12,231 26.55%

AA or better 374 124 499 0.87% 973 1,602 2,575 5.49% 374 117 491 0.91% 973 1,695 2,668 5.79%

Rated below AA but

above A15 - 15 0.03% 261 25 286 0.61% 15 - 15 0.03% 261 25 286 0.62%

Rated below A but

above B 456 1,385 1,841 3.20% - - - 0.00% 456 1,520 1,976 3.66% - - - 0.00%

*Any other 5,858 34,742 40,600 70.64% 4,805 26,918 31,723 67.65% 5,858 31,674 37,532 69.61% 4,805 26,073 30,878 67.03%

9,851 47,623 57,473 100% 8,911 37,983 46,894 100% 9,851 44,071 53,921 100% 8,911 37,153 46,064 100%

BREAKDOWN BY

RESIDUALMATURITY

Up to 1 year 2,407 1,619 4,026 7.01% 1,987 2,232 4,219 9.00% 2,407 1,614 4,021 7.46% 1,987 2,221 4,208 9.14%

More than 1 yearand

upto 3years782 1,437 2,219 3.86% 1,175 1,353 2,528 5.39% 782 1,376 2,158 4.00% 1,175 1,322 2,497 5.42%

More than 3years and

up to 7years1,127 4,019 5,146 8.95% 1,191 3,314 4,505 9.61% 1,127 3,754 4,881 9.05% 1,191 3,222 4,414 9.58%

More than 7 years and

up to 10 years3,337 7,785 11,122 19.35% 3,382 6,675 10,057 21.45% 3,337 7,521 10,858 20.14% 3,382 6,709 10,091 21.91%

More than 10 years

and up to 15 years1,615 11,247 12,862 22.38% 597 7,953 8,550 18.23% 1,615 10,204 11,819 21.92% 597 7,623 8,220 17.84%

More than 15 years

and up to 20 years488 5,886 6,374 11.09% 110 4,268 4,378 9.34% 488 5,554 6,042 11.21% 110 4,183 4,293 9.32%

Above 20 years 95 15,629 15,724 27.36% 469 12,187 12,656 26.99% 95 14,048 14,143 26.23% 469 11,872 12,341 26.79%

9,851 47,623 57,473 100% 8,911 37,983 46,894 100% 9,851 44,071 53,921 100% 8,911 37,153 46,064 100%

Breakdown by type

of the issuer

a. Central Government 5,440 30,806 36,246 63.07% 4,423 25,208 29,631 63.19% 5,440 27,823 33,263 61.69% 4,423 24,386 28,809 62.54%

b. State Government 285 3,719 4,004 6.97% 358 1,514 1,872 3.99% 285 3,632 3,917 7.26% 358 1,492 1,850 4.02%

c.Corporate Securities 4,125 13,098 17,223 29.97% 4,130 11,261 15,391 32.82% 4,125 12,616 16,741 31.05% 4,130 11,275 15,406 33.44%

9,851 47,623 57,473 100% 8,911 37,983 46,894 100% 9,851 44,071 53,921 100% 8,911 37,153 46,064 100%

Note

1. In case of a debt instrument is rated by more than one agency, then the lowest rating will be taken for the purpose of classification.

2. The detail of ULIP and Non-ULIP will be given separately.

* Includes Government Securities, Treasury Bills, Fixed Deposits and Corporate securities rated below B.

3. Market value of the securities will be in accordance with the valuation method specified by the Authority under Accounting/ Investment regulations.

4. For breakdown by the type of issuer, repo instruments are shown under Corporate securities.

Detail Regarding Debt Securities

Market Value Book Value

As at 31st Mar 2020 As at 31st Mar 2019 As at 31st Mar 2020 As at 31st Mar 2019

Page 19 of 46


FORM L-30 : RELATED PARTY TRANSACTIONS



(Rs. in Lakhs)

Expense - Functional support services 375.00 557.20 1,500.00 1,500.00

Expense - Allocated Cost on Salary - 8.56 - 19.75

Expense - Stay Expenses in Guest House - - - 3.73

Expenses - D&O Insurance Policy - - 3.46 3.64

Interim dividend 22,265.27 - 27,361.68 16,561.88

Final Dividend - - 19,008.24 11,539.02

Cost allocation of disaster recovery site (1.25) (2.68) (5.00) (4.59)

Receipt - Insurance Premium - - (4.60) (10.90)

Receipt - Recovery of HR system - (0.13) (0.16) (0.13)

Expenses - Training Services 1,165.55 - 4,424.28 2,696.65

Receipt - Recovery of HR system - - (0.63) -

Receipt - Rental of office space (34.29) - (137.18) -

Receipt - IT support (1.34) - (5.36) -

Receipt - Insurance Premium - - (9.48) (7.14)

Interim Dividend 7,822.94 - 9,613.57 5,913.12

Final Dividend - - 6,678.57 4,119.80

Receipt - Rental of office space (83.94) - (173.48) -

Security deposit - For Leased Premises (167.89) - (167.89) -

Receipt - Insurance Premium - (0.27) (0.90) (1.22)

Income- Guaranteed Rent (286.93) - (590.19) -

Payment- For Purchase of Property - - 21,280.79 -

Managerial Remuneration and Welfare Benefits (128.73) 382.12 1,157.05 1,219.15

Receipt - Insurance Premium (3.51) (3.51) (10.71) (10.49)6 Key management personnel Key Management Personnel

4 Max Ventures & Industries LtdEnterprises over which Key Management

Personnel have significant Influence

5 Wise Zone Builders Pvt.LtdEnterprises over which Key Management


2 Max Skill First LimitedEnterprises over which Key Management


3 Mitsui Sumitomo Insurance Company Ltd. Shareholders with Significant Influence

Upto the quarter ending

31st March 2020

Upto the quarter ending

31st March 2019

1 Max Financial Services Limited Holding Company

SI No. Name of the Related Party Nature of Relationship with Company Description of Transaction / CategoriesFor the quarter ending

31st March 2020

For the quarter ending

31st March 2019

Page 20 of 46


FORM L-31 BOARD OF DIRECTORS & KEY PERSONS



As at 31st March 2020

Sl. No. Name of person Role/designation Remarks

1 Mr. Analjit Singh Chairman

2 Mr. Prashant Tripathy Managing Director & CEO

3 Mr. V.Viswanand Deputy Managing DIrector

4 Mr. Deepak Bhattasali Independent Director

5 Mr. D. K. Mittal Independent Director

6 Mr. Hideaki Nomura Non-Executive Director

7 Mr. K. Narasimha Murthy Independent Director

8 Ms. Marielle Theron Non-Executive Director

9 Mr. Mohit Talwar Non-Executive Director

10 Mr. Naoyuki Sakaki Non-Executive Director

11 Mr. Pradeep Pant Independent Director

12 Mr. Rajit Mehta Non-Executive Director

13 Mr. Sahil Vachani Non-Executive Director

SI. No. Name of Person Role/designation Remarks

1 Mr. Prashant Tripathy Managing Director & CEO

2 Mr. V.Viswanand Deputy Managing Director

3 Mr. Aalok Bhan Chief Marketing Officer

4 Mr. Amitabh Lal Das Chief Legal Officer

5 Mr. Amrit Pal Singh Head – Strategy, Business Performance, Management & Analytics

6 Mr. Anurag Chauhan Company Secretary

7 Mr. Jogesh Sikka Chief Compliance Officer

8 Mr. Jose John Appointed Actuary

9 Mr. Mandeep Mehta Deputy Chief Financial Officer

10 Mr. Manu Lavanya * Chief Operations Officer

11 Mr. Mihir Vora Chief Investment Officer

12 Mr. Sachin Saxena Chief Risk Officer

13 Mr. Shailesh Singh Chief People Officer

* Date of Appointment: January 23, 2020

Board of Directors

Key Persons as defined in IRDA Registration of Companies Regulations, 2000

Page 21 of 46


FORM L-32-SOLVENCY MARGIN - KT3

AVAILABLE SOLVENCY MARGIN AND SOLVENCY RATIO

As at 31st March 2020

Name of Insurer: Form Code: BT

MAX LIFE INSURANCE COMPANY LIMITED Classification Code: BT

Classification: Total Business

Registration Number: 104Adjusted Value

Amount ( In lacs)

01 Available Assets in Policyholders' Fund: 6,726,838

Deduct:

02 Mathematical Reserves 6,464,491

03 Other Liabilities -

04 Excess in Policyholders' funds 262,347

05 Available Assets in Shareholders Fund: 439,920

Deduct:

06 Other Liabilities of shareholders’ fund 202,761

07 Excess in Shareholders' funds 237,159

08 Total ASM (04)+(07) 499,506

09 Total RSM 241,130

10 Solvency Ratio (ASM/RSM) 2.07

I, the Appointed Actuary, certify that the above statements have been prepared in accordance with the section 64VA of the Insurance Act, 1938, and the amounts

mentioned therein are true and fair to the best of my knowledge.

Signature: sd/-

Date: 23rd April 2020 Full Name: Jose John

Notes Designation: Appointed Actuary

1. Item No. 01 shall be the amount of the Adjusted Value of Assets as mentioned in Form IRDAI-Assets- AA as specified under Schedule I of Insurance Regulatory

and Development Authority (Assets, Liabilities, and Solvency Margin of Insurers) Regulations, 2000;

2. Item No. 02 shall be the amount of Mathematical Reserves as mentioned in Form H;

3. Item Nos. 03 and 06 shall be the amount of other liabilities as mentioned in the Balance Sheet;

4. Items No. 05 shall be the amount of the Adjusted Value of Assets as mentioned in Form IRDAI-Assets- AA as specified

under Schedule I of Insurance Regulatory and Development Authority (Assets, Liabilities, and Solvency Margin of Insurers) Regulations, 2000.

5. The above ratio does not account for any mark to market gain/loss adjustment.

(See Regulation 4)

Insurance Regulatory and Development Authority of India (Actuarial Report and Abstract for Life Insurance Business) Regulations, 2016

Item Description

Place: Gurugram

Page 22 of 46


FORM L - 33 - NPAs - 7 Name of the Fund: Life Fund




In Rs Crores

YTD (As on

31 Mar 2020)

Prev. FY (As on

31 Mar 2019)

YTD (As on 31

Mar 2020)

Prev. FY (As on

31 Mar 2019)

YTD (As on 31

Mar 2020)

Prev. FY (As on

31 Mar 2019)

YTD (As on 31

Mar 2020)

Prev. FY (As on

31 Mar 2019)

YTD (As on

31 Mar 2020)

Prev. FY (As on

31 Mar 2019)

1 Investment Assets (As per Form 3A/3B- Total Fund) 10,983 9,335 - - 720 1,153 36,874 30,826 48,576 41,314

2 Gross NPA - - - - - - - - - -

3 % of Gross NPA on Investment Assets - - - - - - - - - -

4 Provision Made on NPA - - - - - - - - - -

5 Provision as a % on NPA (4/2) - - - - - - - - - -

6 Provision on Standard Assets - - - - - - - - - -

7 Net Investment Assets (1-4) 10,983 9,335 - - 720 1,153 36,874 30,826 48,576 41,314

8 Net NPA (2-4) - - - - - - - - - -

9 % of Net NPA to Net Investment Assets (8/7) - - - - - - - - - -

10 Write off made during the period - - - - - - - - - -

Certification :

Certified that the information given herein are correct and complete to the best of my knowledge. Also certified that the various investments made and covered in the return are within the exhaustive

categories provided in Investment Guidelines as amended from time to time.

Signature: sd/-

DATE: 23rd April, 2020 Full Name: Prashant Tripathy / Mihir Vora


Note :

1. Investment Assets should reconcile with figures shown in Schedule L-26.

2. Gross NPA is investments classifies as NPA, before any provisions.

3. Provision made on 'Standard Assets' shall be as per Circular: 32/2/F&A/Circulars/169/Jan/2006-07 as amended from time to time.

4. Net Investment Assets is net of provisions.

5. Net NPA is gross NPAs less provisions.

6. Write off as approved by the board.

7. Values stated above have been adjusted for provisions on the exposure of IL&FS & DHFC Group.

Total

NO PARTICULARS

Bonds/Debentures Loans Other Debt Instruments All Other Assets

Page 23 of 46


FORM L - 33 - NPAs - 7 Name of the Fund: Annuity Fund




In Rs Crores

YTD (As on

31 Mar 2020)

Prev. FY (As on

31 Mar 2019)

YTD (As on 31

Mar 2020)

Prev. FY (As on

31 Mar 2019)

YTD (As on 31

Mar 2020)

Prev. FY (As on

31 Mar 2019)

YTD (As on 31

Mar 2020)

Prev. FY (As on

31 Mar 2019)

YTD (As on

31 Mar 2020)

Prev. FY (As on

31 Mar 2019)

1 Investment Assets (As per Form 3A/3B- Total Fund) 529 342 - - 10 - 830 774 1,369 1,117

2 Gross NPA - - - - - - - - - -





7 Net Investment Assets (1-4) 529 342 - - 10 - 830 774 1,369 1,117

8 Net NPA (2-4) - - - - - - - - - -



Certification :



Signature: sd/-



Note :







Total

NO PARTICULARS


Page 24 of 46


FORM L - 33 - NPAs - 7 Name of the Fund: Unit Linked Fund




In Rs Crores

YTD (As on

31 Mar 2020)

Prev. FY (As on

31 Mar 2019)

YTD (As on 31

Mar 2020)

Prev. FY (As on

31 Mar 2019)

YTD (As on 31

Mar 2020)

Prev. FY (As on

31 Mar 2019)

YTD (As on 31

Mar 2020)

Prev. FY (As on

31 Mar 2019)

YTD (As on

31 Mar 2020)

Prev. FY (As on

31 Mar 2019)

1 Investment Assets (As per Form 3A/3B- Total Fund) 3,372 3,370 - - 225 670 15,567 15,821 19,164 19,862

2 Gross NPA - - - - - - - - - -





7 Net Investment Assets (1-4) 3,372 3,370 - - 225 670 15,567 15,821 19,164 19,862

8 Net NPA (2-4) - - - - - - - - - -



Certification :



Signature: sd/-



Note :







7. Values stated above have been adjusted for provisions on the exposure of IL&FS & DHFC Group.

Total

NO PARTICULARS


Page 25 of 46


FORM L - 34 YIELD ON INVESTMENT Name of the Fund: Life Fund




Investment

(Rs.)

Income On

Investment

(Rs.)

Gross Yield

(%)

Net Yield

(%)

Investment

(Rs.)

Income On

Investment

(Rs.)

Gross Yield

(%)

Net Yield

(%)

Investment

(Rs.)

Income On

Investment

(Rs.)

Gross

Yield (%) Net Yield (%)

A CENTRAL GOVT. SECURITIES

A01 Central Government Bonds CGSB 26,119 510 7.85% 7.85% 24,964 1,985 7.95% 7.95% 21,578 1,732 8.03% 8.03%

A04 Treasury Bills CTRB 50 1 5.02% 5.02% 42 2 4.85% 4.85% 162 10 6.46% 6.46%

B CENTRAL GOVT. SEC, STATE GOVT OR OTHER APPROVED SECURITIES

B01 Central Government Guaranteed Loans / Bonds CGSL 71 2 8.53% 8.53% 72 6 8.38% 8.38% 33 3 8.01% 8.01%

B02 State Government Bonds SGGB 2,637 50 7.58% 7.58% 2,053 160 7.77% 7.77% 851 70 8.24% 8.24%

B04 Other Approved Securities (excluding Infrastructure Investments) SGOA 597 12 8.24% 8.24% 596 49 8.23% 8.23% 597 49 8.18% 8.18%

C (a) HOUSING & LOANS TO STATE GOVT FOR HOUSING / FFE

C04 Commercial Papers - NHB / Institutions accredited by NHB HTLN 70 1 7.60% 7.60% 80 4 7.08% 7.08% 11 0 7.26% 7.26%

C07 Long Term Bank Bonds Approved Investment- Affordable Housing HLBH 296 6 8.07% 8.07% 237 20 8.47% 8.47% 146 12 8.34% 8.34%

C08 Bonds / Debentures issued by HUDCO (Taxable Bonds) HTHD 553 11 7.96% 7.96% 419 34 8.06% 8.06% 95 6 8.50% 8.50%

C09 Bonds / Debentures issued by NHB / Institutions accredited by NHB HTDN 939 20 8.43% 8.43% 1,023 96 9.38% 9.38% 1,085 88 8.12% 8.12%

C10

Bonds/DebenturesissuedbyAuthorityconstitutedunderanyHousing/BuildingSchemeapprov

ed by Central / State / any Authority or Body constituted by Central / State Act HTDA 25 0 7.22% 7.22% 12 1 7.27% 7.27% 0 0 7.28% 7.28%

C11 Bonds / Debuntures issued by HUDCO (Tax Free Bonds) HFHD 25 1 8.41% 8.41% 25 2 8.31% 8.31% 25 2 8.30% 8.30%

(b) OTHER INVESTMENTS (HOUSING)

C18 Reclassified Approved Investments - Debt (Point 6 under Note for Regulation 4 to 9) HORD - - NC NC 5 (3) NC NC 5 0 9.11% 9.11%

(c) INFRASTRUCTURE INVESTMENTS

C19 Infrastructure - PSU - Equity shares - Quoted ITPE 127 2 5.19% 5.19% 156 18 11.28% 11.28% 71 26 37.00% 37.00%

C20 Infrastructure - Corporate Securities - Equity shares-Quoted ITCE 325 (6) -7.93% -7.93% 283 (27) -9.60% -9.60% 138 10 7.59% 7.59%

C25 Onshore Rupee Bonds issued by ADB and IFC (Infrastructure - approved) IORB 83 2 8.11% 8.11% 83 7 8.10% 8.10% 84 7 8.06% 8.06%

C26 Long Term Bank Bonds Approved Investment– Infrastructure ILBI 123 2 8.07% 8.07% 123 10 8.02% 8.02% 107 8 7.83% 7.83%

C27 Infrastructure - PSU - Debentures / Bonds IPTD 6,052 123 8.14% 8.14% 5,656 463 8.18% 8.18% 4,015 309 7.70% 7.70%

C29 Infrastructure - PSU - CPs IPCP 36 0 5.12% 5.12% 193 4 5.21% 5.21% 50 0 6.88% 6.88%

C29 Infrastructure - Other Corporate Securities - Debentures/ Bonds ICTD 137 4 13.19% 13.19% 143 14 9.57% 9.57% 164 14 8.50% 8.50%

C30 Infrastructure - Other Corporate Securities - CPs ICCP 146 0 6.37% 6.37% 55 2 15.32% 15.32% 95 2 7.06% 7.06%

C32 Infrastructure - PSU - Debentures / Bonds IPFD 4 0 8.10% 8.10% 4 0 8.11% 8.11% 17 4 23.31% 23.31%

C34 Infrastructure - Equity (including unlisted) IOEQ - - 0.00% 0.00% - - 0.00% 0.00% 6 4 133.38% 133.38%

C42 Reclassified Approved Investments - Debt (Point 6 under Note for Regulation 4 to 9) IORD - - NC NC 3 (5) NC NC 9 (5) -76.07% -76.07%

C43 Reclassified Approved Investments - Equity (Point 6 under Note for Regulation 4 to 9) IORE - - 0.00% 0.00% - - 0.00% 0.00% 7 (2) -69.27% -69.27%

D41 Units of InvIT EIIT 35 1 12.89% 12.89% 36 5 12.69% 12.69% 36 4 12.48% 12.48%

D APPROVED INVESTMENT SUBJECT TO EXPOSURE NORMS

D01 PSU - Equity shares - Quoted EAEQ 151 5 13.49% 13.49% 99 0 0.34% 0.34% 122 (24) -19.66% -19.66%

D02 Corporate Securities - Equity shares (Ordinary)- Quoted EACE 2,644 39 5.93% 5.93% 2,349 316 13.44% 13.44% 2,159 297 13.74% 13.74%

D05 Corporate Securities - Bonds - (Taxable) EPBT 809 17 8.38% 8.38% 910 77 8.41% 8.41% 2,385 191 7.99% 7.99%

D07 Corporate Securities - Preference Shares EPNQ - - NC NC - - NC NC 0 0 NC NC

D12 Investment properties - Immovable EINP 521 8 6.51% 6.51% 332 24 7.38% 7.38% 198 11 5.62% 5.62%

D16

Deposits - Deposit with Scheduled Banks, FIs (incl. Bank Balance awaiting Investment),

CCIL, RBI ECDB 71 1 6.89% 6.89% 58 5 7.82% 7.82% 61 5 8.59% 8.59%

D17 Deposits - CDs with Scheduled Banks EDCD 115 1 12.83% 12.83% 201 13 7.65% 7.65% 64 4 7.06% 7.06%

D18 Deposits - Repo / Reverse Repo - Govt Securities ECMR 1,675 19 4.77% 4.77% 1,430 45 4.49% 4.49% 474 30 6.29% 6.29%

D20 Deposit with Primary Dealers duly recognised by Reserve Bank of India EDPD - - 0.00% 0.00% 34 1 5.82% 5.82% 15 0 6.44% 6.44%

D21 CCIL-CBLO ECBO - - 0.00% 0.00% - - 0.00% 0.00% 78 0 6.13% 6.13%

D22 Commercial Papers ECCP 47 1 9.43% 9.43% 187 14 7.31% 7.31% 169 10 7.51% 7.51%

D24 Perpetual Debt Instruments of Tier I & II Capital issued by PSU Banks EUPD 15 0 9.34% 9.34% 15 1 9.07% 9.07% 19 2 9.03% 9.03%

D29 Mutual Funds - Gilt / G Sec / Liquid Schemes EGMF 984 12 5.03% 5.03% 999 62 6.20% 6.20% 1,323 99 7.45% 7.45%

D38 Additional Tier 1 (Basel III compliant) Perpetual Bonds - (PSU Banks) EAPS - - 0.00% 0.00% - - 0.00% 0.00% 135 10 8.65% 8.65%

E OTHER INVESTMENTS

E03 Equity Shares (incl Co-op Societies) OESH 73 2 12.64% 12.64% 40 1 2.97% 2.97% 58 (24) -41.86% -41.86%

E04 Equity Shares (PSUs & Unlisted) OEPU 5 - 0.00% 0.00% 2 - 0.00% 0.00% 2 - 0.00% 0.00%

E11 SEBI approved Alternate Investment Fund (Category I) OAFA 9 0 7.88% 7.88% 8 1 8.52% 8.52% 7 0 6.42% 6.42%

E12 SEBI approved Alternate Investment Fund (Category II) OAFB 38 0 2.44% 2.44% 40 5 11.98% 11.98% 22 1 3.49% 3.49%

E25 Reclassified Approved Investments - Debt (Point 6 under Note for Regulation 4 to 9) ORAD 1,520 29 7.80% 7.80% 1,382 108 7.82% 7.82% 28 3 8.93% 8.93%

E26 Reclassified Approved Investments - Equity (Point 6 under Note for Regulation 4 to 9) ORAE 400 1 1.24% 1.24% 469 24 5.12% 5.12% 304 2 1.17% 1.17%

Total 47,524 878 7.43% 7.43% 44,820 3,541 7.90% 7.90% 37,008 2,971 8.03% 8.03%

CERTIFICATION

Certified that the information given herein are correct, complete and nothing has been concealed or suppressed,to the best of my knowledge and belief.


Note: Category of Investments (COI) shall be as per Guidelines, as amended from time to time. Signature: sd/-

1 Based on daily simple average of investments. Full Name: Prashant Tripathy / Mihir Vora

2 Yield netted for Tax. Designation: Chief Executive Officer/ Chief Investment Officer

3 In the previous year column, the figures of the corresponding year to date of the previous financial year shall be taken.

4 FORM-1 shall be prepared in respect of each fund.

5 Yields are annualised using factor based on period

6 YTD Income on Investment shall be reconciled with figures in P&L and Revenue account.

7 NC represents yield Not Computed

In Rs Crores

No. Investment Particulars

Cat Code

Current Quarter Year To Date Previous Year

Page 26 of 46


FORM L - 34 YIELD ON INVESTMENT Name of the Fund: Annuity Fund




Investment

(Rs.)

Income On

Investment

(Rs.)

Gross Yield

(%)

Net Yield

(%)

Investment

(Rs.)

Income On

Investment

(Rs.)

Gross Yield

(%)

Net Yield

(%)

Investment

(Rs.)

Income On

Investment

(Rs.)

Gross Yield

(%)

Net Yield

(%)

A CENTRAL GOVT. SECURITIES

A01 Central Government Bonds CGSB 468 9 8.11% 8.11% 467 38 8.13% 8.13% 447 37 8.19% 8.19%

B CENTRAL GOVT. SEC, STATE GOVT OR OTHER APPROVED SECURITIES

B02 State Government Bonds SGGB 277 5 7.89% 7.89% 271 21 7.91% 7.91% 216 17 7.88% 7.88%


C (a) HOUSING & LOANS TO STATE GOVT FOR HOUSING / FFE

C07 Long Term Bank Bonds Approved Investment- Affordable Housing HLBH 45 1 7.76% 7.76% 24 2 8.23% 8.23% 9 1 8.53% 8.53%


C09 Bonds / Debentures issued by NHB / Institutions accredited by NHB HTDN 48 1 8.97% 8.97% 51 5 9.81% 9.81% 49 4 9.04% 9.04%



C19 Infrastructure - PSU - Equity shares - Quoted ITPE 0 0 1.97% 1.97% 0 0 69.36% 69.36% 0 0 8.69% 8.69%

C20 Infrastructure - Corporate Securities - Equity shares-Quoted ITCE 1 0 3.28% 3.28% 0 0 2.26% 2.26% 0 0 1.71% 1.71%


C28 Infrastructure - PSU - Debentures / Bonds IPTD 268 5 8.02% 8.02% 223 18 8.10% 8.10% 175 12 6.89% 6.89%

C29 Infrastructure - Other Corporate Securities - Debentures/ Bonds ICTD 1 0 8.61% 8.61% 1 (0) -2.67% -2.67% 5 0 7.02% 7.02%


D01 PSU - Equity shares - Quoted EAEQ 0 0 24.86% 24.86% 0 (0) -37.06% -37.06% 0 0 0.73% 0.73%

D02 Corporate Securities - Equity shares (Ordinary)- Quoted EACE 10 0 0.48% 0.48% 7 0 1.35% 1.35% 4 0 3.30% 3.30%

D05 Corporate Securities - Bonds - (Taxable) EPBT 127 3 8.28% 8.28% 108 9 8.47% 8.47% 60 5 8.38% 8.38%

D16

Deposits - Deposit with Scheduled Banks, FIs (incl. Bank Balance awaiting Investment),

CCIL, RBI ECDB 10 0 4.21% 4.21% 10 0 4.21% 4.21% 2 0 5.80% 5.80%

D17 Deposits - CDs with Scheduled Banks EDCD 18 0 6.01% 6.01% 18 0 6.01% 6.01% - - 0.00% 0.00%

D18 Deposits - Repo / Reverse Repo - Govt Securities ECMR 30 0 4.57% 4.57% 35 2 5.25% 5.25% 31 2 6.23% 6.23%

D21 CCIL-TREPS (Formerly known as CBLO) ECBO - - 0.00% 0.00% - - 0.00% 0.00% 11 0 5.44% 5.44%

D29 Mutual Funds - Gilt / G Sec / Liquid Schemes EGMF 15 0 5.40% 5.40% 15 0 6.42% 6.42% 26 0 5.65% 5.65%

D38 Additional Tier 1 (Basel III compliant) Perpetual Bonds - (PSU Banks) EAPS - - 0.00% 0.00% - - 0.00% 0.00% 5 0 8.54% 8.54%

E OTHER INVESTMENTS

E26 Reclassified Approved Investments - Equity (Point 6 under Note for Regulation 4 to 9) ORAE - - 0.00% 0.00% - - 0.00% 0.00% 5 0 5.15% 5.15%

Total 1,366 26 7.71% 7.71% 1,275 99 7.80% 7.80% 1,077 81 7.52% 7.52%

CERTIFICATION

Certified that the information given herein are correct, complete and nothing has been concealed or suppressed,to the best of my knowledge and belief.



Note: Category of Investments (COI) shall be as per Guidelines, as amended from time to time. Designation: Chief Executive Officer/ Chief Investment Officer

1 Based on daily simple average of investments.

2 Yield netted for Tax.





In Rs Crores


Cat Code


Page 27 of 46


FORM L - 34 YIELD ON INVESTMENT Name of the Fund: Linked Fund




Investment

(Rs.)

Income On

Investment

(Rs.)

Gross Yield

(%)*

Net Yield

(%)

Investment

(Rs.)

Income On

Investment

(Rs.)

Gross Yield

(%)

Net Yield

(%)

Investment

(Rs.)

Income On

Investment

(Rs.)

Gross Yield

(%)

Net Yield

(%)

A GOVERNMENT SECURITIES

A01 Central Government Bonds CGSB 4,466 180 16.23% 16.23% 4,353 545 12.53% 12.53% 3,385 262 7.73% 7.73%

A04 Treasury Bills CTRB 1,118 14 4.98% 4.98% 640 35 5.51% 5.51% 383 25 6.64% 6.64%

B GOVERNMENT SECURITIES / OTHER APPROVED SECURITIES

B01 Central Government Guaranteed Loans / Bonds CGSL 5 0 17.12% 17.12% 5 1 14.23% 14.23% 9 1 10.17% 10.17%

B02 State Government Bonds SGGB 134 6 17.61% 17.61% 211 33 15.79% 15.79% 195 21 10.84% 10.84%


C (a) HOUSING SECTOR INVESTMENTS

C04 Commercial Papers - NHB / Institutions accredited by NHB HTLN - - 0.00% 0.00% 43 1 9.66% 9.66% - - 0.00% 0.00%

C07 Long Term Bank Bonds Approved Investment- Affordable Housing HLBH 166 7 24.78% 24.78% 166 7 24.78% 24.78% 5 (0) -2.55% -2.55%


C09 Bonds / Debentures issued by NHB / Institutions accredited by NHB HTDN 641 24 15.35% 15.35% 692 81 11.66% 11.66% 869 70 8.11% 8.11%


C18 Reclassified Approved Investments - Debt (Point 6 under Note for Reg 4 to 9) HORD 48 0 NC NC 88 (126) NC NC 193 0 1.73% 1.73%

C14 Debentures / Bonds / CPs / Loans HODS 10 0 9.52% 9.52% 10 1 9.82% 9.82% 13 1 8.81% 8.81%


C19 Infrastructure - PSU - Equity shares - Quoted ITPE 58 0 0.68% 0.68% 162 (10) -6.31% -6.31% 184 8 4.26% 4.26%

C20 Infrastructure - Corporate Securities - Equity shares-Quoted ITCE 760 (148) -78.41% -78.41% 764 (196) -25.66% -25.66% 618 (7) -1.09% -1.09%


C27 Infrastructure - PSU - Debentures / Bonds IPTD 709 40 22.58% 22.58% 767 111 14.43% 14.43% 257 18 6.98% 6.98%

C28 Infrastructure - PSU - CP's IPCP 100 1 5.00% 5.00% 75 2 6.17% 6.17% 99 2 6.83% 6.83%

C29 Infrastructure - Other Corporate Securities - Debentures/ Bonds ICTD 249 6 10.15% 10.15% 253 26 10.16% 10.16% 202 16 7.77% 7.77%

C30 Infrastructure - Other Corporate Securities - CPs ICCP - - 0.00% 0.00% 179 1 7.26% 7.26% 239 2 7.21% 7.21%

C34 Infrastructure - Equity (including unlisted) IOEQ - - 0.00% 0.00% 13 (0) -3.48% -3.48% 9 (0) -2.43% -2.43%

C42 Reclassified Approved Investments - Debt (Point 6 under Note for Reg 4 to 9) IORD - - NC NC 3 (15) NC NC 25 (16) -85.33% -85.33%

C43 Reclassified Approved Investments - Equity(Point 6 under Note for Reg 4 to 9) IORE - - 0.00% 0.00% - - 0.00% 0.00% 31 (15) -132.21% -132.21%


D01 PSU - Equity shares - Quoted EAEQ 354 (141) -159.78% -159.78% 307 (151) -49.26% -49.26% 301 (72) -24.04% -24.04%

D02 Corporate Securities - Equity shares (Ordinary)- Quoted EACE 7,747 (1,935) -100.43% -100.43% 7,579 (1,321) -17.43% -17.43% 7,371 1,355 18.38% 18.38%

D05 Corporate Securities - Bonds - (Taxable) EPBT 853 20 9.30% 9.30% 947 99 10.48% 10.48% 1,420 113 7.99% 7.99%

D07 Corporate Securities - Preference Shares EPNQ - - 0.00% 0.00% - - 0.00% 0.00% 1 (0) -5.35% -5.35%

D11 Municipal Bonds- Rated EMUN 5 0 17.04% 17.04% 5 1 14.71% 14.71% 5 0 7.68% 7.68%

D16

Deposits - Deposit with Scheduled Banks, FIs (incl. Bank Balance awaiting

Investment), CCIL, RBI ECDB 75 0 4.21% 4.21% 16 0 9.81% 9.81% 10 2 17.67% 17.67%

D17 Deposits - CDs with Scheduled Banks EDCD - - 0.00% 0.00% - - 0.00% 0.00% 91 4 7.09% 7.09%

D18 Deposits - Repo / Reverse Repo - Govt Securities ECMR 1,136 10 4.63% 4.63% 1,102 29 4.50% 4.50% 327 21 6.29% 6.29%

D21 CCIL - CBLO ECBO - - 0.00% 0.00% - - 0.00% 0.00% 255 2 6.25% 6.25%

D22 Commercial Papers ECCP 150 0 1.50% 1.50% 124 2 7.57% 7.57% 257 17 7.52% 7.52%

D24 Perpetual Debt Instruments of Tier I & II Capital issued by PSU Banks EUPD - - 0.00% 0.00% - - 0.00% 0.00% - - 0.00% 0.00%

D29 Mutual Funds - Gilt / G Sec / Liquid Schemes EGMF 142 2 5.35% 5.35% 471 29 6.39% 6.39% 1,031 75 7.25% 7.25%

D31 Net Current Assets (Only in respect of ULIP Funds Business) ENCA 532 - 0.00% 0.00% 532 - 0.00% 0.00% 400 - 0.00% 0.00%

E OTHER INVESTMENTS

E03 Equity Shares (incl Co-op Societies) OESH 296 (49) -67.01% -67.01% 157 (47) -32.43% -32.43% 130 (68) -52.72% -52.72%

E04 Equity Shares (PSUs & Unlisted) OEPU 1 - 0.00% 0.00% 4 (5) -131.69% -131.69% 22 (3) -25.59% -25.59%

E06 Debentures OLDB 10 0 8.51% 8.51% 10 1 9.47% 9.47% 13 1 8.36% 8.36%

E19 Passively Managed Equity ETF (Non Promoter Group) OETF 820 (378) -185.33% -185.33% 778 (358) -45.96% -45.96% 341 94 27.57% 27.57%

E25 Reclassified Approved Investments - Debt (Point 6 under Note for Reg 4 to 9) ORAD 490 6 4.70% 4.70% 471 34 7.27% 7.27% 15 2 11.09% 11.09%

E26 Reclassified Approved Investments - Equity(Point 6 under Note for Reg 4 to 9) ORAE 178 (138) -312.16% -312.16% 350 (212) -60.58% -60.58% 489 91 37.06% 37.06%

Total 21,399 (2,466) -46.34% -46.34% 21,420 (1,380) -6.44% -6.44% 19,244 2,028 10.54% 10.54%

Certified that the information given herein are correct, complete and nothing has been concealed or suppressed,to the best of my knowledge and belief. Signature: sd/-


Note: Category of Investments (COI) shall be as per Guidelines, as amended from time to time. Designation: Chief Executive Officer/ Chief Investment Officer

1 Based on daily simple average of investments.

2 Yield netted for Tax.





7 NC represents yield not computed

In Rs Crores


Cat

Code


Page 28 of 46


FORM L - 35 DOWNGRADING OF INVESTMENT Name Of The Fund: Life Fund



STATEMENT AS ON: 31st March 2020 In Rs Crores

No. Particulars of Investment Cat Code Amount Date of

Purchase

Rating

Agency

Original

Grade

Current

Grade

Date of

DowngradeRemarks

A DURING THE QUARTER1

E OTHER INVESTMENTS

E25 7.8 YES BANK 01 OCT 2027 ORAD 400 03-Oct-17 FITCH ICRA A INDB+ 18-Mar-20

E25 7.80 YES BANK 29 SEP 2027 ORAD 1,100 29-Sep-17 FITCH ICRA A INDB+ 18-Mar-20

E25 8.00 YES BANK 30 SEP 2026 ORAD 20 30-Sep-16 CARE ICRA A CAREB 06-Mar-20Security was downgraded to 'ICRA D' but subsequently upgraded

to 'ICRA BB+'. Lowest Rating is shown in case of multiple ratings

B AS ON DATE2


ICTD FITCH IND AAA IND AA+ 17-Aug-18

FITCH IND AA+ IND BB 10-Sep-18

FITCH IND BB IND D 17-Sep-18


D05 10.10 INDIAN HOTELS LTD 18 NOVEMBER 2021 EPBT 25 1-Dec-11 ICRA ICRA AA+ ICRA AA 17-Sep-12

INDAAA INDAA+ 27-Jun-18

INDAA+ ICRA AA 21-May-19

E OTHER INVESTMENTS

EPBT ICRA AA+ ICRA AA 29-Nov-18

ICRA AA ICRA AA- 6-May-19

ICRA AA- ICRA A+ 25-Jul-19

ICRA A+ ICRA A 19-Dec-19

ICRA A INDB+ 18-Mar-20Security was downgraded to 'ICRA D' but subsequently upgraded

to 'ICRA BB'. Lowest Rating is shown in case of multiple ratings





ICRA A INDB+ 18-Mar-20Security was downgraded to 'ICRA D' but subsequently upgraded






ICRA A CAREB 6-Mar-20Security was downgraded to 'ICRA D' but subsequently upgraded

to 'ICRA BB+'. Lowest Rating is shown in case of multiple ratings

CERTIFICATION

Certified that the information herein are correct and complete to the best of my knowledge and belief and nothing has been concealed or suppressed


NOTE: Signature: sd/-

1. Provide details of Down Graded Investments during the Quarter. Full Name: Prashant Tripathy / Mihir Vora

2. Investments currently upgraded, which were listed as Down Graded during earlier Quarter shall be deleted from the Cumulative listing. Designation: Chief Executive Officer/ Chief Investment Officer

3. FORM-2 shall be prepared in respect of each fund.

4. Category of Investment (COI) shall be as per guidelines issued by the authority.

5. Matured securities have not been shown as part of the form above

E25 8.00 YES BANK 30 SEP 2026 20 30-Sep-16 ICRAORAD

E25 7.80 YES BANK 29 SEP 2027 1,100 29-Sep-17 ICRAORAD

E25 7.8 YES BANK 01 OCT 2027 400 03-Oct-17 ICRAORAD

ICRA

Security was downgraded to 'ICRA D' but subsequently upgraded


C42 8.69 IL&FS LIMITED 25 AUG 2025 - 25-Aug-15The value has been shown as NIL since we have provided for

100% of the exposure.IORD

D05 9.36 INFRASTRUCTURE DEVELOPMENT FINANCE COMPANY 21 AUG 2024 EPBT 15 25-Aug-14

Page 29 of 46


FORM L - 35 DOWNGRADING OF INVESTMENT Name Of The Fund: Annuity Fund




In Rs Crores

No. Particulars of InvestmentCat

CodeAmount Date of Purchase Rating Agency Original Grade Current Grade Date of Downgrade Remarks


NIL

B AS ON DATE2

CERTIFICATION

Certified that the information herein are correct and complete to the best of my knowledge and belief

and nothing has been concealed or suppressed

Signature: sd/-


DATE: 23rd April, 2020 Designation: Chief Executive Officer/ Chief Investment Officer

NOTE:

1. Provide details of Down Graded Investments during the Quarter.

2. Investments currently upgraded, which were listed as Down Graded during earlier Quarter shall be deleted from the Cumulative listing.



Page 30 of 46


FORM L - 35 DOWNGRADING OF INVESTMENT Name Of The Fund: Unit Linked Fund




In Rs Crores

No. Particulars of Investment Cat Code Amount Date of Purchase Rating Agency Original Grade Current GradeDate of

DowngradeRemarks


C HOUSING & INFRASTRUCTURE SECTOR INVESTMENTS

C18 9.00 INDIABULLS HOUSING FINANCE 8TH FEB 2021 HTDN - 8-Feb-16 CARE CARE AA+ CARE AA 15-Feb-20 We have sold the entire exposure as on 31st Mar'20.

E OTHER INVESTMENTS

E25 7.8 YES BANK 01 OCT 2027 ORAD 91 3-Oct-17 ICRA ICRA A INDB+ 18-Mar-20

E25 7.80 YES BANK 29 SEP 2027 ORAD 364 29-Sep-17 ICRA ICRA A INDB+ 18-Mar-20

E25 10.30 YES BANK 25 JUL 2021 ORAD 1 29-Jul-11 ICRA ICRA A CAREB 6-Mar-20

Security was downgraded to 'ICRA D' but

subsequently upgraded to 'ICRA BB+'. Lowest Rating

is shown in case of multiple ratings

E25 9.15 YES BANK 30 JUN 2025 ORAD 15 22-Jun-15 ICRA ICRA A CAREC 6-Mar-20


subsequently upgraded to 'ICRA BB'. Lowest Rating is

shown in case of multiple ratings

B AS ON DATE2

C HOUSING & INFRASTRUCTURE SECTOR INVESTMENTS

HTDN CARE CAREAAA CAREAA+ 4-Feb-19

CARE CAREAA+ CAREAA- 7-Mar-19

CARE CAREAA- CARE A 1-Apr-19

CARE CARE A CAREBBB- 14-May-19

CARE CAREBBB- CARED 5-Jun-19











ICTD FITCH INDAAA INDAA+ 7-Aug-18

FITCH INDAA+ INDBB 10-Sep-18

FITCH INDBB INDD 17-Sep-18

ICTD CARE CAREAAA CARE AA+ 17-Aug-18

FITCH CARE AA+ INDC 10-Sep-18

FITCH INDC INDD 17-Sep-18


D05 10.10 INDIAN HOTELS LTD 18 NOVEMBER 2021 EPBT 11 1-Dec-11 ICRA ICRA AA+ ICRA AA 17-Sep-12

D05 8.85 G.E. SHIPPING 12 APR 2028 EPBT 46 16-Apr-18 CARE CARE AAA CARE AA+ 8-Oct-18

E OTHER INVESTMENTS





ICRA A INDB+ 18-Mar-20




ICRAORAD

C42 9.55 IL&FS LIMITED 13 AUG 2024 - 04-Feb-15

IORD

E25 7.8 YES BANK 01 OCT 2027 91 03-Oct-17

The value has been shown as NIL since we have

provided for 100% of the exposure.

IORD

C42 10.15 IL&FS FINANCIAL SERVICES LIMITED 29 JUN 2022 - 13-Jul-12

C18 9.10 DEWAN HOUSING FINANCE CORPORATION LIMITED 16 AUG 2021 12 23-Mar-18HORD

C18 9.05 DEWAN HOUSING FINANCE CORPORATION LIMITED 09 SEP 2021 4 23-Mar-18HORD




C18 9.15 DEWAN HOUSING FINANCE CORPORATION 09 SEP 2021 31 14-Sep-16HORD

Page 31 of 46


FORM L - 35 DOWNGRADING OF INVESTMENT Name Of The Fund: Unit Linked Fund




In Rs Crores

No. Particulars of Investment Cat Code Amount Date of Purchase Rating Agency Original Grade Current GradeDate of

DowngradeRemarks





ICRA A INDB+ 18-Mar-20








ICRA A CAREB 6-Mar-20


subsequently upgraded to 'ICRA BB+'. Lowest Rating

is shown in case of multiple ratings





ICRA A CAREC 6-Mar-20




CERTIFICATION

Certified that the information herein are correct and complete to the best of my knowledge and belief and nothing has been concealed or suppressed


NOTE: Full Name: Prashant Tripathy / Mihir Vora

1. Provide details of Down Graded Investments during the Quarter. Designation: Chief Executive Officer/ Chief Investment Officer

2. Investments currently upgraded, which were listed as Down Graded during earlier Quarter shall be deleted from the Cumulative listing.



5. Matured securities have not been shown as part of the form above

E25 9.15 YES BANK 30 JUN 2025 15 22-Jun-15 ICRAORAD

E25 10.30 YES BANK 25 JUL 2021 1 29-Jul-11 ICRAORAD

E25 7.80 YES BANK 29 SEP 2027 364 29-Sep-17 ICRAORAD

Page 32 of 46


FORM L-36 :PREMIUM AND NUMBER OF LIVES COVERED BY POLICY TYPE



Premium

( Rs Crs)

No. of

Policies No. of Lives

Sum Insured,

Wherever

applicable

(Rs Crs)

Premium

( Rs Crs)

No. of

Policies

No. of

Lives

Sum Insured,

Wherever

applicable

(Rs Crs)

Premium

(Rs Crs)

No. of

Policies

No. of

Lives

Sum Insured,

Wherever

applicable

(Rs Crs)

Premium

( Rs Crs)

No. of


Sum Insured,

Wherever

applicable

(Rs Crs)

1 New Business Premium

i Individual Single Premium- (ISP)

From 0-10000 27.97 - - 72.77 27.26 3 3 72.51 104.25 - - 281.76 99.50 - - 277.43

From 10,001-25,000 98.54 - - 239.08 94.01 - - 230.11 311.50 - - 781.33 288.06 - - 738.93

From 25001-50,000 87.73 - - 219.56 79.64 7 7 211.71 252.67 2 1 643.88 223.77 - - 593.46

From 50,001- 75,000 33.65 - - 88.08 30.03 - - 79.42 93.53 - - 254.14 80.40 - - 222.12

From 75,000-100,000 31.88 33 33 73.12 28.17 77 77 69.17 89.31 126 125 215.93 79.21 278 270 203.12

From 1,00,001 -1,25,000 12.24 15 15 32.61 10.25 14 14 28.16 34.56 35 35 96.15 29.68 99 98 85.12

Above Rs. 1,25,000 49.98 55 40 115.41 41.93 69 65 104.80 145.25 173 153 359.00 118.92 265 260 318.91

ii Individual Single Premium (ISPA)- Annuity

From 0-50000 0.90 - - 1.13 1.05 - - 1.16 1.55 - - 1.59 1.69 - - 1.64

From 50,001-100,000 0.08 1 1 (0.25) 0.05 3 3 (0.09) 0.12 2 2 0.04 0.11 6 6 0.11

From 1,00,001-150,000 0.11 6 6 0.06 0.03 2 2 0.03 0.30 19 18 0.10 0.12 9 8 0.08

From 150,001- 2,00,000 0.52 24 20 0.11 0.37 20 20 0.09 2.50 128 123 0.36 0.96 51 50 0.21

From 2,00,,001-250,000 1.87 83 78 0.20 0.84 33 33 0.04 6.81 300 291 0.82 1.94 81 81 0.11

From 2,50,001 -3,00,000 1.64 56 53 0.20 0.33 12 12 0.08 5.96 210 206 0.70 1.19 44 44 0.13

Above Rs. 3,00,000 45.74 382 341 3.84 14.52 122 122 2.06 121.22 1,016 965 14.21 37.95 269 269 21.77

iii Group Single Premium (GSP)

From 0-10000 - - - - - - - - - - - - - - - -

From 10,000-25,000 - - - - - - - - - - - - - - - -

From 25001-50,000 - - - - - - - - - - - - - - - -

From 50,001- 75,000 - - - - - - - - - - - - - - - -

From 75,000-100,000 - - - - - - - - - - - - - - - -

From 1,00,001 -1,25,000 - - - - - - - - - - - - - - - -

Above Rs. 1,25,000 - - - - - - - - - - - - - - - -

iv Group Single Premium- Annuity- GSPA - - - -

From 0-50000 - - - - - - - - - - - - - - - -

From 50,001-100,000 - - - - - - - - - - - - - - - -

From 1,00,001-150,000 - - - - - - - - - - - - - - - -

From 150,001- 2,00,000 - - - - - - - - - - - - - - - -

From 2,00,,001-250,000 - - - - - - - - - - - - - - - -

From 2,50,001 -3,00,000 - - - - - - - - - - - - - - - -

Above Rs. 3,00,000 - - - - - - - - - - - - - - - -

- - - -

- - - -

v Individual non Single Premium- INSP - - - -

From 0-10000 17.85 21,819 18,100 9,131.43 19.92 29,853 26,518 12,734.99 63.20 79,855 73,165 33,972.58 63.98 91,537 83,582 40,254.09

From 10,000-25,000 49.85 31,703 27,412 18,565.06 64.63 42,171 38,380 19,825.37 171.58 109,507 101,427 61,516.82 204.06 131,627 122,968 63,006.02

For Q Sep 18 199.64 50,227 46,642 10,967.31 252.92 67,017 61,628 7,959.14 643.08 163,153 153,151 30,819.41 684.55 181,928 171,023 23,235.68

From 50,001- 75,000 144.78 26,946 23,023 4,690.90 204.55 37,335 33,998 4,143.12 470.67 86,167 79,093 13,767.65 547.26 99,870 92,332 11,613.62

From 75,000-100,000 197.87 20,604 20,505 3,272.19 263.04 26,922 25,241 3,186.63 624.84 64,238 61,583 9,697.76 609.42 62,229 59,215 7,720.91

From 1,00,001 -1,25,000 106.83 10,775 10,622 2,244.73 111.62 11,044 10,671 1,844.67 310.89 30,927 29,642 6,334.53 257.76 25,654 25,101 4,552.85

Above Rs. 1,25,000 614.54 21,743 21,248 9,446.50 657.06 23,086 21,440 8,370.33 1,627.79 58,551 55,027 24,159.44 1,352.79 47,806 45,301 18,086.55


S. No. Particulars

For the quarter ending 31st March 2020 For the quarter ending 31st March 2019 Upto the quarter ending 31st March 2020

Page 33 of 46





Premium

( Rs Crs)

No. of


Sum Insured,

Wherever

applicable

(Rs Crs)

Premium

( Rs Crs)

No. of

Policies

No. of

Lives

Sum Insured,

Wherever

applicable

(Rs Crs)

Premium

(Rs Crs)

No. of

Policies

No. of

Lives

Sum Insured,

Wherever

applicable

(Rs Crs)

Premium

( Rs Crs)

No. of


Sum Insured,

Wherever

applicable

(Rs Crs)


S. No. Particulars


- - - -

- - - -

vi Individual non Single Premium Annuity INSPA - - - -

From 0-50000 0.19 48 47 0.37 0.37 94 94 0.73 0.71 184 183 1.45 2.11 499 499 4.16

From 50,001-100,000 0.99 122 121 2.19 4.74 559 537 9.67 6.54 765 764 13.35 11.34 1,314 1,284 22.87

From 1,00,001-150,000 0.70 56 53 1.51 1.92 143 143 3.80 3.06 241 238 6.37 4.11 306 306 8.20

From 150,001- 2,00,000 1.03 63 60 2.46 2.34 121 121 4.82 5.24 275 266 10.85 6.34 319 319 12.64

From 2,00,001-250,000 0.61 27 25 1.31 1.01 43 42 2.17 2.09 93 91 4.51 2.69 113 109 5.54

From 2,50,001 -3,00,000 1.11 43 42 2.57 2.12 71 71 4.28 3.94 140 136 8.32 4.00 133 133 7.99

Above Rs. 3,00,000 9.12 137 125 19.78 15.69 208 180 34.19 27.75 417 398 56.45 32.80 476 441 69.69

vii Group Non Single Premium (GNSP)

From 0-10000 - - - - - - - - - - - - - - - -

From 10,000-25,000 - - - - - - - - - - - - - - - -

From 25001-50,000 - - - - - - - - - - - - - - - -

From 50,001- 75,000 - - - - - - - - - - - - - - - -

From 75,000-100,000 - - - - - - - - - - - - - - - -

From 1,00,001 -1,25,000 - - - - - - - - - - - - - - - -

Above Rs. 1,25,000 - - - - - - - - - - - - - - - -

- - - - - - - -

viii Group Non Single Premium Annuity GNSPA - - - - - - - -

From 0-10000 - - - - - - - - - - - - - - - -

From 10,000-25,000 - - - - - - - - - - - - - - - -

From 25001-50,000 - - - - - - - - - - - - - - - -

From 50,001- 75,000 - - - - - - - - - - - - - - - -

From 75,000-100,000 - - - - - - - - - - - - - - - -

From 1,00,001 -1,25,000 - - - - - - - - - - - - - - - -

Above Rs. 1,25,000 - - - - - - - - - - - - - - - -

2 Renewal Premium - - - -

i Individual - - - -

From 0-10000 102.24 132,668 123,436 24,118.65 106.99 133,506 123,090 17,671.97 359.46 557,428 526,179 85,916.42 373.77 573,119 538,021 61,932.11

From 10,000-25,000 455.96 195,959 180,009 38,639.10 506.85 214,092 194,733 27,597.73 1,490.05 857,422 805,295 139,633.29 1,678.17 961,037 897,095 97,631.18

From 25001-50,000 836.41 164,823 150,877 15,935.66 797.46 160,355 146,342 13,208.85 2,239.23 576,722 542,600 56,527.32 2,163.36 568,416 533,013 45,643.07

From 50,001- 75,000 592.61 81,666 77,308 8,822.30 495.31 70,527 67,014 7,548.72 1,554.62 273,537 262,981 31,072.17 1,275.38 231,830 223,351 25,402.22

From 75,000-100,000 615.73 54,662 50,506 6,864.87 515.72 46,937 43,400 5,965.67 1,550.24 161,048 152,151 20,907.37 1,339.27 142,597 134,877 18,093.55

From 1,00,001 -1,25,000 249.33 19,242 18,425 3,447.04 186.22 14,513 13,926 2,751.38 602.93 56,724 54,863 10,913.93 454.56 43,123 41,767 8,449.95

Above Rs. 1,25,000 1,049.86 34,544 29,753 12,663.92 770.29 25,987 22,429 9,780.16 2,503.75 95,252 85,446 37,087.22 1,844.87 72,643 65,101 28,192.98

ii Individual- Annuity

From 0-10000 2.34 1,795 1,654 25.16 3.12 2,291 2,128 29.03 6.23 6,487 6,171 43.22 8.77 9,243 8,825 52.18

From 10,000-25,000 5.75 1,362 1,308 7.44 8.24 1,985 1,898 9.87 26.89 16,043 15,623 71.37 34.95 20,572 19,988 86.80

From 25001-50,000 6.44 1,167 1,109 10.52 8.33 1,433 1,365 12.98 24.85 6,404 6,188 51.98 29.48 7,485 7,205 59.61

From 50,001- 75,000 3.68 470 451 5.79 3.69 427 408 5.27 11.21 1,923 1,872 23.26 11.61 1,976 1,921 23.42

From 75,000-100,000 9.94 941 878 18.60 9.82 875 813 17.35 29.15 3,124 2,990 60.77 29.25 3,070 2,912 59.24

From 1,00,001 -1,25,000 2.06 155 154 3.41 2.07 135 131 2.98 6.21 574 562 12.62 6.38 577 565 12.50

Above Rs. 1,25,000 34.42 1,039 926 70.45 34.21 1,038 933 68.68 102.42 3,416 3,156 236.07 99.43 3,269 3,029 218.04

Page 34 of 46





Premium

( Rs Crs)

No. of


Sum Insured,

Wherever

applicable

(Rs Crs)

Premium

( Rs Crs)

No. of

Policies

No. of

Lives

Sum Insured,

Wherever

applicable

(Rs Crs)

Premium

(Rs Crs)

No. of

Policies

No. of

Lives

Sum Insured,

Wherever

applicable

(Rs Crs)

Premium

( Rs Crs)

No. of


Sum Insured,

Wherever

applicable

(Rs Crs)


S. No. Particulars


iii Group

From 0-10000 - - - - - - - - - - - - - - - -

From 10,000-25,000 - - - - - - - - - - - - - - - -

From 25001-50,000 - - - - - - - - - - - - - - - -

From 50,001- 75,000 - - - - - - - - - - - - - - - -

From 75,000-100,000 - - - - - - - - - - - - - - - -

From 1,00,001 -1,25,000 - - - - - - - - - - - - - - - -

Above Rs. 1,25,000 - - - - - - - - - - - - - - - -

iv Group- Annuity

From 0-10000 - - - - - - - - - - - - - - - -

From 10,000-25,000 - - - - - - - - - - - - - - - -

From 25001-50,000 - - - - - - - - - - - - - - - -

From 50,001- 75,000 - - - - - - - - - - - - - - - -

From 75,000-100,000 - - - - - - - - - - - - - - - -

From 1,00,001 -1,25,000 - - - - - - - - - - - - - - - -

Above Rs. 1,25,000 - - - - - - - - - - - - - - - -

Page 35 of 46


FORM L-37-BUSINESS ACQUISITION THROUGH DIFFERENT CHANNELS (GROUP)



No. of Policies/

No. of Schemes

No. of Lives

Covered

Premium

( Rs Crs)

No. of Policies/

No. of SchemesNo. of Lives Covered

Premium

( Rs Crs)

No. of Policies/

No. of Schemes

No. of Lives

Covered

Premium

( Rs Crs)

No. of Policies/ No. of

SchemesNo. of Lives Covered

Premium

( Rs Crs)

1 Individual Agents 24 22,796 2.01 18 1,132,187 13.11 83 41,477 5.11 67 2,432,873 28.74

2 Corporate Agents-Banks 13 1,175,106 115.89 5 43,319 99.19 60 3,560,412 337.68 45 153,584 312.84

3 Corporate Agents -Others - - - - - - - - - - - -

4 Brokers 166 116,268 14.88 89 116,928 6.80 587 369,070 42.09 416 432,064 29.27

5 Micro Agents - - - - - - - - - - - -

6 Direct Business 60 471,015 19.33 41 (70,234) 12.22 277 1,910,316 67.71 188 1,141,655 42.86

Total(A) 263 1,785,185 152.11 153 1,222,200 131.32 1,007 5,881,275 452.59 716 4,160,176 413.71

1 Referral - - - - - - - - - - - -

Total(B) - - - - - - - - - - - -

Grand Total (A+B) 263 1,785,185 152.11 153 1,222,200 131.32 1,007 5,881,275 452.59 716 4,160,176 413.71

Note:

1. Premium means amount of premium written from business acquired by the source.

2. No of Policies stand for no. of policies sold.


S.No. Channels


Page 36 of 46


FORM L - 38 BUSINESS ACQUISITION THROUGH DIFFERENT CHANNELS (INDIVIDUALS)



No. of Policies Premium

( Rs Crs) No. of Policies

Premium


Premium


Premium

( Rs Crs)

1 Individual Agents 39,864 324.58 55,478 367.26 147,935 1,139.66 159,875 1,100.96

2 Corporate Agents-Banks 109,468 1,136.68 145,472 1,340.38 334,023 3,152.74 364,039 2,993.00

3 Corporate Agents -Others 2,470 27.57 5,068 40.79 8,576 90.57 15,220 113.26

4 Brokers (1) 1.58 (10) 0.99 (37) 4.23 (26) 4.57

5 Micro Agents - - - - - - - -

6 Direct Business 33,167 247.55 33,023 180.99 106,027 743.69 105,774 534.83

7 POS - - (2) (0.00) - - 31 0.08

Total (A) 184,968 1,737.96 239,029 1,930.40 596,524 5,130.89 644,913 4,746.70

1 Referral - - - - - - - -

Total(B) - - - - - - - -

Grand Total (A+B) 184,968 1,737.96 239,029 1,930.40 596,524 5,130.89 644,913 4,746.70

Note:

1. Premium means amount of premium written from business acquired by the source.

2. No of Policies stand for no. of policies sold.


S. No. Channels


Page 37 of 46


FORM L-39-DATA ON SETTLEMENT OF CLAIMS




On or before

maturity1 month 1 - 3 months 3 - 6 months 6 months - 1 year > 1 year

1 Maturity Claims 19,318 328 - - - - 19,646 256.50 2 Survival Benefit 24,201 - - - - - 24,201 37.43 3 Annuities / Pension 1,591 - - - - - 1,591 3.40 4 Death Claims - 4,157 7 - - - 4,164 167.49 5 For Surrender - 98,008 - - - - 98,008 843.93 6 Other benefits - 51 - - - - 51 1.78

On or before


1 Maturity Claims - 155 - - - - 155 2.13 2 Survival Benefit - - - - - - - - 3 Annuities / Pension - - - - - - - - 4 Death Claims - 3,849 - - - - 3,849 75.65 5 For Surrender - 1,512 - - - - 1,512 4.74 6 Other benefits - 7 - - - - 7 0.75

The figures for individual and group insurance business need to be shown separately.

*The ageing of claims, in case of death claims will be computed from the date of completion of all the documentation.

Ageing of Claims* - Group

S.No. Types of Claims

No. of claims paidTotal No. of claims

paid

Total amount of

claims paid (Rs Crs)

Ageing of Claims* - Individual



paid

Total amount of


Page 38 of 46


FORM L-39-DATA ON SETTLEMENT OF CLAIMS




On or before


1 Maturity Claims 25,491 906 3 6 - - 26,406 330.17 2 Survival Benefit 9,750 - - - - - 9,750 22.52 3 Annuities / Pension 736 - - - - - 736 1.80 4 Death Claims - 7,611 45 10 2 1 7,669 173.30 5 For Surrender - 115,256 - - - - 115,256 990.73 6 Other benefits - 64 - - - - 64 2.47

On or before


1 Maturity Claims - 801 - - - - 801 12.46 2 Survival Benefit - - - - - - - - 3 Annuities / Pension - - - - - - - - 4 Death Claims - 3,179 1 - - - 3,180 60.92 5 For Surrender - 1,512 - - - - 1,512 4.42 6 Other benefits - 3 - - - - 3 0.12

The figures for individual and group insurance business need to be shown separately.

*The ageing of claims, in case of death claims will be computed from the date of completion of all the documentation.

Ageing of Claims* - Group



paid

Total amount of


Ageing of Claims* - Individual



paid

Total amount of


Page 39 of 46


FORM L-40-QUARTERLY CLAIMS DATA FOR LIFE




INDIVIDUAL CLAIMS: No. of Claims only

S. No. Claims Experience For Death For Maturity Survival BenefitFor Annuities/

PensionFor Surrender Other Benefits

1 Claims O/S at the beginning of the period 228 195 - - - 7

2 Claims reported during the period* 3,952 19,658 24,201 1,591 98,008 70

3 Claims Settled during the period 4,164 19,646 24,201 1,591 98,008 51

4 Claims Repudiated during the period 15 - - - - 5

a Less than 2years from the date of acceptance of risk 15 - - - - 5

b Greater than 2 year from the date of acceptance of risk - - - - - -

5 Claims Rejected - - - - - 19

6 Claims Written Back - - - - - -

7 Claims O/S at End of the period 1 207 - - - 2

Less than 3months 1 107 - - - 2

3 months to 6 months - 51 - - - -

6months to 1 year - 19 - - - -

1year and above - 30 - - - -

GROUP CLAIMS: No. of Claims only



1 Claims O/S at the beginning of the period 37 - - - - -

2 Claims reported during the period* 3,827 155 - - 1,512 7

3 Claims Settled during the period 3,849 155 - - 1,512 7

4 Claims Repudiated during the period 15 - - - - -

a Less than 2years from the date of acceptance of risk 15 - - - - -


5 Claims Rejected - - - - - -


7 Claims O/S at End of the period - - - - - -

Less than 3months - - - - - -

3 months to 6 months - - - - - -

6months to 1 year - - - - - -

1year and above - - - - - -

TOTAL CLAIMS:No. of Claims only




2 Claims reported during the period* 7,779 19,813 24,201 1,591 99,520 77

3 Claims Settled during the period 8,013 19,801 24,201 1,591 99,520 58

4 Claims Repudiated during the period 30 - - - - 5

a Less than 2years from the date of acceptance of risk 30 - - - - 5









*in case of death- the claims for which all the documentations have been completed needs to be shown here.

Page 40 of 46


FORM L-40-QUARTERLY CLAIMS DATA FOR LIFE




INDIVIDUAL CLAIMS: No. of Claims only




2 Claims reported during the period* 7,515 26,263 9,750 736 115,256 87

3 Claims Settled during the period 7,669 26,406 9,750 736 115,256 64



b Greater than 2 year from the date of acceptance of risk 2 - - - - -








GROUP CLAIMS: No. of Claims only



1 Claims O/S at the beginning of the period 47 - - - - -

2 Claims reported during the period* 3,157 801 - - 1,512 3

3 Claims Settled during the period 3,180 801 - - 1,512 3




5 Claims Rejected - - - - - -


7 Claims O/S at End of the period - - - - - -

Less than 3months - - - - - -

3 months to 6 months - - - - - -

6months to 1 year - - - - - -

1year and above - - - - - -

TOTAL CLAIMS:No. of Claims only




2 Claims reported during the period* 10,672 27,064 9,750 736 116,768 90

3 Claims Settled during the period 10,849 27,207 9,750 736 116,768 67











*in case of death- the claims for which all the documentations have been completed needs to be shown here.

Page 41 of 46


Form L - 41 GRIEVANCE



Fully Accepted Partial Accepted Rejected

1 Complaints made by customers

a) Death Claims - 42 15 - 27 - 160

b) Policy Servicing - 15 7 1 7 - 73

c) Proposal Processing - 11 5 - 6 - 68

d) Survival Claims - 11 1 - 10 - 86

e) Ulip Related - - - - - - 4

f) Unfair Business Practices - 462 81 37 344 - 2,285

g) Others - 65 26 2 37 - 384

Total Number - 606 135 40 431 - 3,060

2 645,629

3 501,840

4 597,567

5 703,971

6 47

7 3

8 Duration wise Pending StatusComplaints made by

Customers

Complaints made by

IntermediariesTotal

(a) Upto 7 days - - -

(b) 7 - 15 days - - -

(c) 15-30 days - - -

(d) 30-90 days - - -

(e) 90 days & Beyond - - -

Total No. of complaints - - -

* Opening balance should tally with the closing balance of the previous financial year.

** Grievance resolved includes carry forward numbers of last quarter

Total No. of Claim Complaints (current year) per 10,000 claims registered ( current year)

Grievance Disposal for the quarter ending 31st March 2020

GRIEVANCE DISPOSAL

S. No. Particulars Opening Balance * Additions Complaints Resolved/ Settled during the quarter**

Complaints Pending

Total complaints

registered upto the

quarter during

financial year

Total No . of policies during previous year:

Total No. of claims during previous year

Total No. of policies during current year

Total No. of claims during current year

Total No. of Policy Complaints ( current year)per 10, 000 policies ( current year)

Page 42 of 46


Form L - 41 GRIEVANCE



Fully Accepted Partial Accepted Rejected

1 Complaints made by customers

a) Death Claims - 47 6 4 37 - 198

b) Policy Servicing - 28 19 6 3 - 124

c) Proposal Processing - 17 14 1 2 - 113

d) Survival Claims - 31 14 1 16 - 126

e) Ulip Related - - - - - - 2

f) Unfair Business Practices - 887 196 121 570 - 3,180

g) Others - 97 54 5 38 - 295

Total Number - 1,107 303 138 666 - 4,038

2 561,841

3 442,577

4 645,629

5 501,840

6 58

7 6

8 Duration wise Pending StatusComplaints made by

Customers

Complaints made by

IntermediariesTotal

(a) Upto 7 days - - -

(b) 7 - 15 days - - -

(c) 15-30 days - - -

(d) 30-90 days - - -

(e) 90 days & Beyond - - -

Total No. of complaints - - -

* Opening balance should tally with the closing balance of the previous financial year.

** Grievance resolved includes carry forward numbers of last quarter

Total No. of Claim Complaints (current year) per 10,000 claims registered ( current year) :

Grievance Disposal for the quarter ending 31st March 2019

GRIEVANCE DISPOSAL

S. No. Particulars Opening Balance * Additions Complaints Resolved/ Settled during the quarter**

Complaints Pending

Total complaints

registered upto the

quarter during

financial year

Total No . of policies during previous year:

Total No. of claims during previous year

Total No. of policies during current year

Total No. of claims during current year

Total No. of Policy Complaints ( current year)per 10, 000 policies ( current year)

Page 43 of 46


L-42- VALUATION BASIS (LIFE INSURANCE)


REGISTRATION NO 104: DATE OF REGISTRATION WITH IRDA : NOVEMBER 15, 2000

Period Ended 31st March 2020

(a) How the policy data needed for valuation is accessed.

(b) How the valuation basis are supplied to the system

1) Valuation Interest Rate Asssumptions

Line of Business Minimum Maximum

Individual Business

Life - Participating policies 5.45% 5.45%Life - Non-participating Policies 5.25% 5.70%Annuities - Participating policies NA NAAnnuities - Non-participating policies 5.70% 5.70%Annuities - Individual Pension Plan 5.45% 5.70%Unit Linked 5.70% 5.70%Health Insurance 5.25% 5.70%Group Business

Non-Par Single Premium 5.70% 5.70%

2) Mortality Asssumptions Expressed as a % of IALM12-14, unless otherwise stated

Line of Business Minimum Maximum

Individual Business

Life - Participating policies 39% 608%

Life - Non-participating Policies 30% 822%

Annuities - Participating policies NA NA

Annuities - Non-participating policies* 54% 90%

Annuities - Individual Pension Plan 39% 217%

Unit Linked 33% 162% 2

Health Insurance 17% 465% 5

Group Business

Non-Par Single Premium 72% 84% 1

*Expressed as a % of LIC Annuitants (1996-98) with improvement factors of minimum 0.5%

3) Expense Asssumptions

Expenses Per Policy Premium RelatedReserve Related

Expenses

Sum Assured

Related

Per annuity

payment

Individual BusinessLife - Participating policies Rs. 660 1.10% 0.07% NA NALife - Non-participating Policies Rs. 594 1.10% 0.07% NA NAAnnuities - Participating policies NA NA NA NA NAAnnuities - Non-participating policies Rs. 319 NA 0.07% NA Rs.11Annuities - Individual Pension Plan Rs. 660 1.10% 0.07% NA NAUnit Linked Rs. 935 1.10% 0.13% NA NAHealth Insurance Rs.704 1.10% 0.07% NA NAGroup Business

Non-Par Single Premium NA 0.00% 0.07%

0.00825% of SA

(subject to

maximum Rs. 220

p.p)

NA

Policy data is downloaded in text files from policy administration system through an automated query post completion of new business processing for the year. Various checks are applied on the data before using it for policy liability

calculations.

An actuarial software is used for valuation of policyholders’ liabilities and the assumption tables of the software are updated to reflect current valuation basis.

Page 44 of 46






4) Bonus Rates

i) For products with reversionary bonus feature, the future bonus rates vary between 0% to 3%. The bonus rates are compounding in nature.

Policy

Year 0 10 20 30 40 50 60 70

3 0.47 0.91 1.84 3.54 7.42 11.04 16.55 20.49 5 0.60 1.16 2.33 4.80 9.43 16.03 21.33 26.41

10 0.74 1.43 2.87 5.97 12.02 20.47 27.07 33.52 20 1.00 1.96 3.93 8.31 17.21 29.37 38.58 47.77 30 1.16 2.26 4.56 9.60 19.85 33.73 44.91 55.60 40 1.32 2.58 5.18 10.88 22.50 38.08 51.22 -

Policy

Year 0 10 20 30 40 50 60 70

3 0.83 1.06 2.04 3.69 6.50 8.94 14.37 18.89 5 0.90 1.32 2.56 5.00 8.26 12.98 18.51 24.34

10 1.31 2.39 4.10 7.59 12.85 20.24 28.51 37.39 20 2.42 4.41 7.66 14.38 25.03 39.48 54.88 71.78 30 3.53 6.41 11.21 21.01 36.53 57.37 80.51 105.07 40 4.00 7.31 12.77 23.81 41.40 64.78 88.04 105.07

Policy

Year 0 10 20 30 40 50 60 70

3 1.05 1.34 2.58 4.67 8.24 11.32 18.21 23.94 5 1.14 1.67 3.25 6.34 10.47 16.45 23.46 30.84

10 1.66 3.03 5.20 9.62 16.29 25.64 36.12 47.38 20 2.70 4.92 8.54 16.04 27.91 44.03 61.19 80.05 30 3.94 7.15 12.50 23.43 40.74 63.98 89.78 117.17 40 4.46 8.15 14.23 26.55 46.17 72.24 98.18 117.17

5) Policyholders Reasonable Expectations

ii) Although the Company’s participation system is nominally based on cash ‘bonuses’, the preferred bonus option is for bonuses to be taken as reversionary additions to sums insured. An election to use cash bonuses in this way

is incorporated into the application process and the company’s experience is that more than 85% of policyholders exercise this option. An indicator as to the bonus option is contained within individual policy valuation records so

that the option is allowed for precisely in the valuation.

iii) Benefit illustrations have been part of the Company’s sales process since it was founded. These illustrations have always been well qualified including statements along the lines ‘This is only an illustrative document does not

convey any rights or obligations. Bonuses are not guaranteed and bonus rates will be based on the actual Company experience from time to time.'

i ) Future bonuses have been allowed for within mathematical reserves. This has been done by projecting the bonuses likely to be paid in accordance with the company’s bonus philosophy and the projected levels of experience

forming the valuation basis, with appropriate regard to the bonus earning capacity of the asset share of the policies.

ii) For products with cash bonus feature, the Company's system is such that the rates for each product are a function of entry age and policy duration. Specimen valuation bonus rates (per thousand sum assured) for Whole Life

Par policies used in Mar 2020 valuation are shown in table below.

Whole of Life- Era 1(Policy issue dates Dec 2000 to Jan 2002)

Age at entry

Whole of Life- Era 2 (Policy issue dates Feb 2002 to July 2002)

Age at entry

Whole of Life- Era 3 (Policy issue dates August 2002 to January 2006)

Age at entry

iii) Explicit allowance is made in reserves for terminal bonus in accordance with the product feature and policy illustrations. For products where the terminal bonus was not illustrated in policy illustrations, an implicit allowance

is made for terminal bonus.

Policyholders’ Reasonable Expectations were considered for valuations:

Page 45 of 46






6) Taxation and Shareholder Transfers

7) Basis of provisions for Incurred But Not Reported (IBNR)

i) An IBNR provision has been made to make an allowance for the claims that may have occurred but have not yet been reported.

ii) The reserve for IBNR claims is based on the expected benefit outgo net of reinsurance.

8) Change in Valuation Methods or Bases (compared to previous quarter)

1) Interest

2) Expense3) Inflation

1) Interest

a) Annuity in payment

b) Annuity during deferred period

c) Pension: All plans2) Expense

a) Annuity in payment

b) Annuity during deferred period

c) Pension: All plans3) Inflation

a) Annuity in paymentb) Annuity during deferred periodc) Pension: All plans

1) Interest


1) Interest


1) Interest


Notes

1) Valuation Interest Rate:

1) (a) Assumption of 5.75% for non-participating products has been changed to 5.70%.

1) (b) Assumption of 6.05% for annuity products has been changed to 5.70%

1) (c) Assumption of 6.60% for unit fund growth rate has been changed to 6.55%

2) Fixed expense assumption for linked products has been changed to 935 from 908

3) Valuation inflation assumption of 5.40% applicable for all products has been changed to 5.45%.

No ChangeChange, please refer to notes below

Health

Change, please refer to notes below

No ChangeChange, please refer to notes below

Group



No Change

No Change

No Change

Change, please refer to notes belowChange, please refer to notes belowChange, please refer to notes belowUnit Linked




Shareholders’ transfers linked to bonuses and the potential liability to tax on the surplus distributed have been accounted for in valuation. Goods and Service tax is included in the valuation, wherever applicable.

Individual Assurance


No ChangeChange, please refer to notes belowAnnuities



Page 46 of 46

Documents

Form No Description Pages · l-27 ulip linked bsns 13-17 l-28 ulip nav 18 l-29 debt securities 19 l-30 related party transactions 20 l-31 board of directors 21 l-32 solvency margin