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ANNUAL REPORT 2011-12 LIFE INSURERS : POLICYHOLDERS ACCOUNT Contd... STATEMENT 21 (` Lakh) Particulars SAHARA SBI LIFE SHRIRAM LIFE STAR UNION DAI-ICHI TATA AIA TOTAL 2010-11 2011-12 2010-11 2011-12 2010-11 2011-12 2010-11 2011-12 2010-11 2011-12 2010-11 2011-12 Premiums earned – net (a) Premium 24341 22595 1294529 1313374 82152 64416 93331 127195 398522 363030 29163864 28707211 (b) Reinsurance ceded (9) (12) (3612) (5290) (47) (105) (75) (142) (1235) (1206) (62580) (76363) (c) Reinsurance accepted 401 (125) Income from Investments (a) Interest, Dividends & Rent – Gross 2761 3681 132845 212145 5877 7471 3197 8123 42473 56062 8614767 10187768 (b) Profit on sale/redemption of investments 827 861 244623 129737 4766 2645 2692 4413 41990 27338 4491836 2926211 (c) (Loss on sale/ redemption of investments) (149) (63953) (143851) (14) (2958) (1554) (4367) (8946) (24514) (1189526) (1096595) (d) Transfer/Gain on revaluation/change in fair value (13026) (136966) 25987 (55996) 131394 (3058218) (e) Amortization of Premium/Discount on Investments 4789 22134 (f) Appropriation/Expropriation Adjustment Account (2) (1536) (2753) (6) 6 98 (5723) (6735) Unrealised Gains/Loss 325 (5612) 4046 (10999) 2409 (5530) (168503) (526489) Other Income 74 294 2706 5889 85 264 455 314 (339) (3496) 24970 39377 Transfer from Shareholders' Account 3542 14199 474 498 1752 725 195107 216695 Unit Linked Recoveries (666) (791) (666) (791) TOTAL (A) 28316 21658 1596117 1386484 96669 60447 100553 130006 500203 361944 41200132 37334080 Commission 2208 2220 67105 51836 4146 4960 4019 5137 24628 14198 1828038 1848619 Operating Expenses related to Insurance Business 3298 3907 91663 102393 13116 13052 10541 15407 93880 76019 3297588 2967459 Provision for doubtful debts 279 383 (43535) 23445 Adjustment related to previous year Bad debts written off 4 10 12 10 Provision for Tax 302 317 2449 4846 144 920 428613 471479 Provisions (other than taxation) 35345 93318 (a) For diminution in the value of investments (Net) 95 0 (478) 0 (383) (b) Others (6868) (180) TOTAL (B) 5808 6540 161222 158608 17406 18931 14559 20544 118788 90600 5539193 5403767 Benefits Paid (Net) 4777 9017 292577 477531 23529 42577 709 1626 70920 100518 14215045 15267108 Interim Bonuses Paid 12 28 8 14 110958 127705 Change in valuation of liability in respect of life policies (a) Gross* 4883 6500 1108539 692734 8788 7782 21333 45142 66982 79011 19424423 18772375 (b) Amount ceded in Reinsurance (1344) (961) (281) (361) (140) (113) (8244) (19474) (c) Amount accepted in Reinsurance 64 4315 (d) Transfer to Linked Fund (Fund Reserve) 11026 (2288) 46199 (13539) 68895 69703 238657 67856 1538451 (2903848) TOTAL (C) 20687 13230 1399783 1169332 78525 36835 90655 116110 376419 247271 35280696 31248182 SURPLUS/ (DEFICIT) (D) =(A)-(B)-(C) 1821 1889 35112 58545 738 4681 (4661) (6647) 4996 24073 380242 682131 Prior Period Items Balance at the beginning of the year 2462 4022 181 (10587) (15268) Transfer from Linked Fund (Lapsed Policies) 3994 2719 15050 11692 Surplus available for appropriations 1821 1889 37574 62566 919 4681 (4661) (6647) 8990 26791 384706 678555 APPROPRIATIONS Transfer to Shareholders’ Account 1347 1757 33552 59694 919 4670 (4391) (4037) 4989 23045 404881 696219 Funds for future appropriations (Reserve for lapsed unit linked policies unlikely to be revived) 15425 9867 Balance being funds for future appropriations-Policyholders 475 132 4022 2873 4001 3746 40247 16481 Balance being funds for future appropriations-Previous year 11 136158 118702 Balance transferred to Balance Sheet (270) (2610) (212006) (162715) TOTAL (D) 1821 1889 37574 62566 919 4681 (4661) (6647) 8990 26791 384705 678555 Note : * represents mathematical reserves after allocation of bonus Figures in brackets represents negative values 162
ANNUAL REPORT 2011-12 LIFE INSURERS : SHAREHOLDERS ACCOUNT STATEMENT 22 (` Lakh) Particulars AEGON RELIGARE AVIVA BAJAJ ALLIANZ BHARTI AXA BIRLA SUNLIFE CANARA HSBC 2010-11 2011-12 2010-11 2011-12 2010-11 2011-12 2010-11 2011-12 2010-11 2011-12 2010-11 2011-12 Amounts transferred from the Policyholders Account (Technical Account) 20495 26849 93551 106913 (28343) (5268) 32907 71077 113 Income From Investments: (a) Interest, Dividends & Rent – Gross 609 689 3159 5721 17591 27323 951 1136 3663 7857 893 1194 (b) Profit on sale/redemption of investments 99 189 161 319 961 2014 177 259 334 247 158 190 (c) (Loss on sale/ redemption of investments) (1) (1) (16) (20) (314) (256) (22) (31) (3) (3) (73) (83) (d) Transfer/gain on revaluation/Change in Fair value (e) Amortization of Premium/Discount on Investments 461 535 (156) (64) Other Income 11 1 24 TOTAL (A) 1168 1412 23799 32869 111789 136004 (27237) (3904) 36745 79113 979 1439 Expenses other than those directly related to the insurance business 567 46 794 763 455 761 141 335 48 167 356 58 Bad debts written off Provisions (Other than taxation) (a) For diminution in the value of investments (Net) (b) Provision for doubtful debts (c) Others Prior Period Expenses Contribution to Policyholders Account 2974 7070 20129 24749 3167 285 6661 14746 6198 32873 19760 10287 TOTAL (B) 3541 7115 20924 25512 3623 1046 6801 15080 6246 33040 20117 10346 Profit/ (Loss) before tax (2373) (5704) 2875 7357 108166 134958 (34039) (18984) 30500 46073 (19138) (8907) Prior Period Expenses Provision for Taxation 2463 3838 Profit / (Loss) after tax (2373) (5704) 2875 7357 105704 131120 (34039) (18984) 30500 46073 (19138) (8907) APPROPRIATIONS (a) Balance at the beginning of the year (1997) (4369) (150726) (147851) (1830) 103874 (121807) (155846) (202750) (172251) (47703) (66841) (b) Interim dividends paid during the year 9848 (c) Proposed final dividend (d) Dividend distribution tax 1598 (e) Transfer to reserves/ other accounts Profit carried to the Balance Sheet (4369) (10073) (147851) (140494) 103874 234994 (155846) (174830) (172251) (137623) (66841) (75748) 163
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ANNUAL REPORT 2011-12 INSURANCE REG
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ANNUAL REPORT 2011-12 CONTENTS MISS
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ANNUAL REPORT 2011-12 IV.4 Promotio
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ANNUAL REPORT 2011-12 I.49 TPA Infr
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ANNUAL REPORT 2011-12 20. Solvency
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ANNUAL REPORT 2011-12 LIST OF ANNEX
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ANNUAL REPORT 2011-12 xvii
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ANNUAL REPORT 2011-12 xix
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ANNUAL REPORT 2011-12 xxi
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ANNUAL REPORT 2011-12 NAME DESIGNAT
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ANNUAL REPORT 2011-12 NAME MANISH M
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ANNUAL REPORT 2011-12 OVERVIEW The
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ANNUAL REPORT 2011-12 in 2010 and f
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ANNUAL REPORT 2011-12 Formation of
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ANNUAL REPORT 2011-12 32. The regul
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ANNUAL REPORT 2011-12 launched an e
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ANNUAL REPORT 2011-12 adherence to
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ANNUAL REPORT 2011-12 insurers unde
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ANNUAL REPORT 2011-12 factors. The
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ANNUAL REPORT 2011-12 This alone ac
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ANNUAL REPORT 2011-12 STATE-WISE LI
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ANNUAL REPORT 2011-12 Contd.... BOX
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ANNUAL REPORT 2011-12 TABLE I.4 PRE
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ANNUAL REPORT 2011-12 BOX ITEM 2 PE
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ANNUAL REPORT 2011-12 TABLE I.9 COM
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ANNUAL REPORT 2011-12 30
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ANNUAL REPORT 2011-12 I.3.27 Bajaj
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ANNUAL REPORT 2011-12 urban areas o
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ANNUAL REPORT 2011-12 TABLE I.17 CO
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ANNUAL REPORT 2011-12 38
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ANNUAL REPORT 2011-12 TABLE I.25 OP
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ANNUAL REPORT 2011-12 Number of off
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ANNUAL REPORT 2011-12 BOX ITEM 3 IN
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ANNUAL REPORT 2011-12 TABLE I.32 NE
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ANNUAL REPORT 2011-12 I.4.1.3 Anoth
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ANNUAL REPORT 2011-12 Contd.... BOX
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ANNUAL REPORT 2011-12 14(2) Sub Sec
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ANNUAL REPORT 2011-12 Obligatory ce
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ANNUAL REPORT 2011-12 Sr. No. TABLE
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ANNUAL REPORT 2011-12 BOX ITEM 6 FO
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ANNUAL REPORT 2011-12 TABLE I.43 TO
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ANNUAL REPORT 2011-12 Allied Insura
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ANNUAL REPORT 2011-12 SI. No. Name
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ANNUAL REPORT 2011-12 number of liv
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ANNUAL REPORT 2011-12 active consid
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ANNUAL REPORT 2011-12 been piloted
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ANNUAL REPORT 2011-12 TABLE I.54 GR
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ANNUAL REPORT 2011-12 Authority til
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ANNUAL REPORT 2011-12 advised that
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ANNUAL REPORT 2011-12 Insurer TABLE
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ANNUAL REPORT 2011-12 The share of
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ANNUAL REPORT 2011-12 II.2.5 There
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ANNUAL REPORT 2011-12 Total of Indi
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ANNUAL REPORT 2011-12 TABLE II.7 GR
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ANNUAL REPORT 2011-12 insurance bro
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ANNUAL REPORT 2011-12 authority, ha
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ANNUAL REPORT 2011-12 Financial C
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ANNUAL REPORT 2011-12 cent of compl
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ANNUAL REPORT 2011-12 As per the
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ANNUAL REPORT 2011-12 margin relie
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ANNUAL REPORT 2011-12 PART - III ST
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ANNUAL REPORT 2011-12 and Faculty o
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ANNUAL REPORT 2011-12 III.4.3 The i
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ANNUAL REPORT 2011-12 Authority for
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ANNUAL REPORT 2011-12 in the sector
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Page 181 and 182: ANNUAL REPORT 2011-12 Contd... STAT
Page 183 and 184: ANNUAL REPORT 2011-12 EQUITY SHARE
Page 185 and 186: ANNUAL REPORT 2011-12 LIFE INSURERS
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Page 221 and 222: ANNUAL REPORT 2011-12 GROSS DIRECT
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ANNUAL REPORT 2011-12 PUBLIC SECTOR
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ANNUAL REPORT 2011-12 PUBLIC SECTOR
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ANNUAL REPORT 2011-12 PRIVATE SECTO
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ANNUAL REPORT 2011-12 HEALTH INSURE
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ANNUAL REPORT 2011-12 HEALTH INSURE
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ANNUAL REPORT 2011-12 STATEMENT 68
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ANNUAL REPORT 2011-12 AGRICULTURE I
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ANNUAL REPORT 2011-12 AGRICULTURE I
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ANNUAL REPORT 2011-12 STATE-WISE NU
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ANNUAL REPORT 2011-12 STATE-WISE CO
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ANNUAL REPORT 2011-12 STATUS OF GRI
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ANNUAL REPORT 2011-12 ANNEX 1 INSUR
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ANNUAL REPORT 2011-12 FEE STRUCTURE
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ANNUAL REPORT 2011-12 ANNEX 3 (ii)
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ANNUAL REPORT 2011-12 Contd… ANNE
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ANNUAL REPORT 2011-12 LIST OF MICRO
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ANNUAL REPORT 2011-12 Contd... ANNE
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ANNUAL REPORT 2011-12 CIRCULARS/ORD
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ANNUAL REPORT 2011-12 REGULATIONS F
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