1st Half Year 2010-11 - Agriculture Insurance Company of India Ltd.

FORM NL-1-B-RAAGRICULTURE INSURANCE COMPANY OF INDIA LTD.Registration No.126 and Date of Registration with the IRDA :OCTOBER 30, 2003REVENUE ACCOUNT(Rs.’000)(Rs.’000)SN Particulars Schedule For the periodendedFor the periodended 30.09.20091 Premiums earned (Net) NL-4-Premium6515090 5744743Schedule2 Profit/ Loss on2125 1292sale/redemptionof Investments3 Others (to be specified) 0 04 Interest, Dividend & Rent –588665 548314GrossTOTAL (A) 7105880 62943491 Claims Incurred (Net) NL-5-Claims6058682 4676161Schedule2 Commission NL-6-Commission (606618) (277461)Schedule3 Operating Expenses related NL-7-Operating119041 99000to Insurance Business Expenses ScheduleExpenses related to9109 9613Investments :4 Premium DeficiencyTOTAL (B) 5580213 4507313Operating Profit/(Loss)1525667 1787036fromFire/Marine/MiscellaneousBusiness C= (A - B)APPROPRIATIONSTransfer to Shareholders’1525667 1787036AccountTransfer to Catastrophe0 0ReserveTransfer to Other Reserves0 0(to be specified)TOTAL (C) 1525667 1787036

FORM NL-2-B-PLAGRICULTURE INSURANCE COMPANY OF INDIA LTD.Registration No.126 and Date of Registration with the IRDA:OCTOBER 30, 2003PROFIT AND LOSS ACCOUNT(Rs.’000)SNParticularsScheduleFor the periodended30.09.2010For theperiod ended30.09.20091 OPERATING PROFIT/(LOSS)(a) Fire Insurance(b) Marine Insurance(c ) Miscellaneous Insurance (Crop1525667 1787036insurance Business)2 INCOME FROM INVESTMENTS(a) Interest, Dividend & Rent – Gross 238201 336053(b) Profit on sale of investments 860 792Less: Loss on sale of investments3 OTHER INCOME (To be specified)a) Miscellaneous Receipts 1191 789b) Profit on Sale of Assets 163 27c) Prior Period Income 0 0TOTAL (A) 1766082 21246974 PROVISIONS (Other than taxation)(a) For diminution in the value of investments 0 0(b) For doubtful debts (13550) 100811(c) Others:i) Provision for Premium Defalcation 0 0ii) Provision on Standard Assets 4913 174605 OTHER EXPENSES(a) Expenses other than those related to0 0Insurance Business(b) Bad debts written off(c) Others :i) Amortisation of Premium on Investments 5608 5761ii) Stock Holding Charges 181 127iii) Bank Interest & Charges 33 3iv) Loss on Sale of Assets 0 0v) Preliminary Expenses Written off 0 0vi) Prior Period Expenses 0 0TOTAL (B) (2815) 124162Profit Before Tax 1768897 2000535Provision for Taxation 587583 1231555APPROPRIATIONS(a) Interim dividends paid during the year 0 0(b) Proposed final dividend 0 0(c) Dividend distribution tax 0 0(d) Transfer to any Reserves or Other0 0AccountsBalance of profit/ loss brought forward from0 0last yearBalance carried forward to Balance Sheet 1181314 768981

(Rs.’000) (Rs.’000)SOURCES OF FUNDS SCHEDULE As at As at30.09.2010 30.09.2009SHARE CAPITAL NL-8-Share Capital Schedule 2000000 2000000SHARE APPLICATION MONEYPENDING ALLOTMENTFORM NL-3-B-BSAGRICULTURE INSURANCE COMPANY OF INDIA LTD.Registration No.126 and Date of Registration with the IRDA:OCTOBER 30, 2003BALANCE SHEETRESERVES AND SURPLUSNL-10-Reserves and SurplusSchedule6839084 6092725FAIR VALUE CHANGE ACCOUNT 108504 0BORROWINGS NL-11-Borrowings Schedule 0 0TOTAL 8947588 8092725APPLICATION OF FUNDSINVESTMENTS NL-12-Investment Schedule 16405196 14150243LOANS NL-13-Loans Schedule 13227 13625FIXED ASSETS NL-14-Fixed Assets Schedule 362471 45825DEFERRED TAX ASSET 27675 32486CURRENT ASSETSCash and Bank BalancesAdvances and Other AssetsNL-15-Cash and bank balanceScheduleNL-16-Advancxes and OtherAssets Schedule11337368 102179253618438 866419Sub-Total (A) 14955806 11084344CURRENT LIABILITIESNL-17-Current LiabilitiesSchedule16444911 11171439PROVISIONS NL-18-Provisions Schedule 6371876 6062359DEFERRED TAX LIABILITYSub-Total (B) 22816787 17233798NET CURRENT ASSETS (C) = (A - B) (7860981) (6149454)MISCELLANEOUS EXPENDITURE (tothe extent not written off or adjusted)DEBIT BALANCE IN PROFIT AND LOSSACCOUNTNL-19-MiscellaneousExpenditure Schedule0 00 0TOTAL 8947588 8092725CONTINGENT LIABILITIESParticulars As at As at(Rs.’000) (Rs.’000)1 Partly paid-up investments 0 02 Claims, other than against policies, notacknowledged as debts by the company0 03 Underwriting commitments outstanding (in0 0respect of shares and securities)4 Guarantees given by or on behalf of the0 0Company5 Statutory demands/ liabilities in dispute,0 0not provided for6 Reinsurance obligations to the extent not0 0provided for in accounts7 Others (to be specified) 0 0TOTAL

FORM NL-4-PREMIUM SCHEDULEPREMIUM EARNED [NET]ParticularsFor the periodended 30.09.2010For the periodended30.09.2009(Rs.’000) (Rs.’000)Premium from direct business9530778 8103774writtenService TaxAdjustment for change in reservefor unexpired risksGross Earned Premium 9530778 8103774Add: Premium on reinsurance215 0acceptedLess : Premium on reinsuranceceded3171634 1432952Net Premium 6359359 6670821Adjustment for change in reserve155731 (926078)for unexpired risksPremium Earned (Net) 6515090 5744743

FORM NL-5 - CLAIMS SCHEDULECLAIMS INCURRED [NET]ParticularsFor the periodended 30.09.2010For the periodended 30.09.2009(Rs.’000)( (Rs.’000)Claims paidR8665625 3063674Direct claims* 8665625 3063674Add Claims Outstanding at the 13573308 11462380end of the yearLess Claims Outstanding at13836948 8067004the beginning of the yearGross Incurred Claims 8401985 6459050Add :Re-insurance accepted0 0to direct claimsLess :Re-insurance Ceded toclaims paid2343303 1782889Total Claims Incurred 6058682 4676161* includes Rs. 200 Crores paid to Central Government for the payment of

FORM NL-6-COMMISSION SCHEDULECOMMISSIONParticularsFor the periodended30.09.2010For the periodended30.09.2009(Rs.’000) (Rs.’000)Commission paidDirect 27386 (205)Add: Re-insurance Accepted 43 0Less: Commission on Reinsurance634047 277255CededNet Commission (606618) (277461)Break-up of the expenses(Gross) incurred to procurebusiness to be furnished asper details indicated below:Agents 648 326Brokers 3161 (530)Corporate Agency 23577 0Referral 0 0Others (pl. specify) 0 0TOTAL (B) 27386 (205)

FORM NL-7-OPERATING EXPENSES SCHEDULEOPERATING EXPENSES RELATED TO INSURANCE BUSINESSParticularsFor the periodended30.09.2010For the periodended30.09.2009(Rs.’000) (Rs.’000)1 Employees’ remuneration &66785 40630welfare benefits2 Travel, conveyance and6159 6099vehicle running expenses3 Training expenses 66 1254 Rents, rates & taxes 13705 100335 Repairs 3622 31246 Printing & stationery 1770 19637 Communication 2005 18448 Legal & professional charges 9081 80729 Auditors' fees, expenses etc(a) as auditor 352 264(b) as adviser or in any other0 0capacity, in respect of(i) Taxation matters 0 0(ii) Insurance matters 0 0(iii) Management services;0 0and(c) in any other capacity 0 010 Advertisement and publicity 1189 228211 Interest & Bank Charges 39 5112 Others (to be specified) 11611 2139013 Depreciation 2657 3121TOTAL 119041 99000

FORM NL-8-SHARE CAPITAL SCHEDULESHARE CAPITALSNParticularsAs at As at30.09.2010 30.09.2009(Rs.’000). (Rs.’000).1 Authorised Capital150 crore Equity Shares of Rs.10/- each 15000000 150000002 Issued Capital20 crore Equity Shares of Rs.10/- each 2000000 20000003 Subscribed Capital20 crore Equity Shares of Rs.10/- each 2000000 20000004 Called-up Capital20 crore Equity Shares of Rs.10/- each 2000000 2000000Less : Calls unpaidAdd : Equity Shares forfeited (Amount originally paid up)Less : Par Value of Equity Shares bought backLess : Preliminary Expenses 0 0Expenses including commission or brokerage on 0 0Underwriting or subscription of sharesTOTAL 2000000 2000000

FORM NL-9-PATTERN OF SHAREHOLDING SCHEDULESHARE CAPITALPATTERN OF SHAREHOLDING[As certified by the Management]ShareholderAs at 30.09.2010As at 30.09.2009PromotersIndianNumber ofShares(Rs.’000).% ofHoldingNumber ofShares(Rs.’000).% ofHoldingGeneral Insurance Corporation of India 70000 35% 70000 35%National Agriculture Bank for RuralDevelopmentNational Insurance Company Ltd.& itsnominee60000 30% 60000 30%17500 8.75% 17500 8.75%The Oriental Insurance Company Ltd. 17500 8.75% 17500 8.75%United India Insurance Company Ltd. 17500 8.75% 17500 8.75%The New India Assurance Company Ltd. &its nominee17500 8.75% 17500 8.75%Foreign NIL NIL NIL NILOthersTOTAL 200000 100% 200000 100%

FORM NL-10-RESERVE AND SURPLUS SCHEDULERESERVES AND SURPLUSSN Particulars As at30.09.2010As at30.09.2009(Rs.’000). (Rs.’000).1 Capital Reserve 0 02 Capital Redemption Reserve 0 03 Share Premium 0 04General Reserves 5657770 5323746Less: Debit balance in Profit and Loss AccountLess: Amount utilized for Buy-back5 Catastrophe Reserve 0 06 Other Reserves (to be specified) 0 07 Balance of Profit in Profit & Loss Account 1181314 768980TOTAL 6839084 6092725

FORM NL-12-INVESTMENT SCHEDULEINVESTMENTSN Particulars As at 30.09.2010 As at 30.09.2009(Rs.’000). (Rs.’000).LONG TERM INVESTMENTS1 Government securities and7614134 7813058Government guaranteed bondsincluding Treasury Bills2 Other Approved Securities 2355523 15526363 Other Investments( a) Shares(aa) Equity 453596 73291(bb) Preference 0 0( b) Mutual Funds 0 0(c) Derivative Instruments 0 0(d) Debentures/ Bonds 350000 0(e) Other Securities (to be0 0specified)(f) Subsidiaries 0 0(g) Investment Properties-Real0 0Estate4 Investments in Infrastructure and3892273 4041258Social Sector5 Other than Approved Investments 120000 120000SHORT TERM INVESTMENTS1 Government securities and0 0Government guaranteed bondsincluding Treasury Bills2 Other Approved Securities 0 03 Other Investments(a) Shares(aa) Equity 0 0(bb) Preference 0 0(b) Mutual Funds 1619670 550000(a) Derivative Instruments 0 0(b) Debentures/ Bonds 0 0(c) Other Securities (to be specified) 0 0(d) Subsidiaries 0 0(e) Investment Properties-Real0 0Estate4 Investments in Infrastructure and0 0Social Sector5 Other than Approved Investments 0 0TOTAL 16405196 14150243

FORM NL-13-LOANS SCHEDULELOANSSN Particulars As at 30.09.2010 As at 30.09.2009(Rs.’000). (Rs.’000).1 SECURITY-WISE CLASSIFICATIONSecured(a) On mortgage of property(aa) In India 0 0(bb) Outside India 0 0(b) On Shares, Bonds, Govt. Securities 0 0(c) Others (to be specified)(i) Loans to Staff 13227 13625Unsecured 0 0TOTAL 13227 136252 BORROWER-WISE CLASSIFICATION(a) Central and State Governments 0 0(b) Banks and Financial Institutions 0 0(c) Subsidiaries 0 0(d) Industrial Undertakings 0 0(e) Others (to be specified) 13227 13625TOTAL 13227 136253 PERFORMANCE-WISECLASSIFICATION(a) Loans classified as standard(aa) In India 13227 13625(bb) Outside India 0 0(b) Non-performing loans less provisions(aa) In India 0 0(bb) Outside India 0 0TOTAL 13227 136254 MATURITY-WISE CLASSIFICATION(a) Short Term 0 0(b) Long Term 13227 13625TOTAL 13227 13625

ParticularsGoodwillIntangibles (specify)FORM NL-14-FIXED ASSETS SCHEDULEFIXED ASSETSCost/ Gross BlockDepreciationOpening Additions Deductions Closing Up toLast YearFor ThePeriodOn Sales/AdjustmentsTo Date(Rs.’000)Net BlockAs at As at30.09.2010 30.09.2009Land-FreeholdLeasehold Property 9693 0 2531 7162 7668 253 759 7162 0 2025Buildings 36614 0 0 36614 9475 679 0 10154 26460 27139Furniture & Fittings 9044 24 20 9048 4835 388 15 5208 3840 4209Information12114 554 0 12668 8381 833 0 9213 3455 3734TechnologyEquipmentVehicles 9056 1720 1669 9107 5096 621 1369 4347 4759 3960Office Equipment 4877 118 0 4996 2111 221 0 2332 2664 2766Others (Specify 4057 581 0 4638 1835 232 0 2067 2571 2221nature)Computer Software 509 0 509 509 0 0 509 0 0TOTAL 85965 2998 4221 84742 39912 3226 2144 40993 43749 46054Work in progress 248333 70389 0 318722 0 0 0 0 318722 248333Grand Total 334298 73387 4221 403464 39912 3226 2144 40993 362471 294387PREVIOUS YEAR 76221 6401 3873 78748 26873 6681 1027 32526 46222 49348

FORM NL-15-CASH AND BANK BALANCE SCHEDULECASH AND BANK BALANCESSN Particulars For the periodended 30.09.2010For the periodended 30.09.2009(Rs.’000) (Rs.’000)1 Cash (including cheques, drafts6476 42and stamps)2 Bank Balances(a) Deposit Accounts(aa) Short-term (due within 128482300 9839631months)(bb) Others(b) Current Accounts 2848592 366419(c) Others (to be specified) 0 03 Money at Call and Short Notice(a) With Banks 0 0(b) With other Institutions 0 04 Others (to be specified) 0 11833TOTAL 11337368 10217925Balances with non-scheduledbanks included in 2 and 3above0 0

FORM NL-16-ADVANCES AND OTHER ASSETS SCHEDULEADVANCES AND OTHER ASSETSSN Particulars As at30.09.2010As at30.09.2009(Rs.’000). (Rs.’000).ADVANCES1 Reserve deposits with ceding0 0companies2 Application money for0 0investments3 Prepayments 5172 49844 Advances1678 1274to Directors/Officers5 Advance tax paid and taxes 700693 0deducted at source (Net ofprovision for taxation)6 Others (to be specified)Advance Rent paid 24 17Sundry Advances 1298 1319TOTAL (A) 708866 7594OTHER ASSETS1 Income accrued oninvestments641407 5840802 Outstanding Premiums 0 03 Agents’ Balances 0 04 Foreign Agencies Balances5 Due from other entitiescarrying on insurance business33388 12673(including reinsurers)6 Due from subsidiaries/ holding 0 07 Deposit with Reserve Bank of 101098 101709India[Pursuant to section 7 ofInsurance Act, 1938]8 Others (to be specified)a) Sundry Deposits 24698 20893b) Advance against Capital4597 1397Assetsc) Short Collection of Premium 64253 50149d) Premium Receivable 0 0e) Others (Adhoc payment to0 0Govt. of India)f) Government1934730 914520(Centre/States/Uts/CoffeeBoard)g) Sundry Debtors 20090 13491h) Cenvat Credit Receivable 85312 74433TOTAL (B) 2909573 1773345TOTAL (A+B) 3618438 1780939

FORM NL-17-CURRENT LIABILITIES SCHEDULECURRENT LIABILITIESSParticularsAs at As at 30.09.2009N30.09.2010(Rs.’000). (Rs.’000).1 Agents’ Balances 0 02 Balances due to other insurance2373543 0companies3 Deposits held on re-insurance ceded 0 04 Premiums received in advance 0 1165 Unallocated Premium 0 06 Sundry creditors 309215 1444657 Due to subsidiaries/ holding company 0 08 Claims Outstanding 10658233 93342589 Due to Officers/ Directors 0 010 Others (to be specified)a) Excess Collection of Premium 190382 139226b) Provision for Outstanding Expenses 136998 9746c) Earnest Money Deposit 2760 3244d) Government (Centre/States/Uts/Coffee 2773781 2423519Board)e) Pension Contribution – New Employees 0 10559TOTAL 16444911 12065132

FORM NL-18-PROVISIONS SCHEDULEPROVISIONSSN Particulars As at As at 30.09.200930.09.2010(Rs.’000). (Rs.’000).1 Reserve for Unexpired Risk 6186807 48087072 For taxation (less advance tax0 916009paid and taxes deducted atsource)3 For proposed dividends 0 700004 For dividend distribution tax 0 339905 Others (to be specified)Provision for Retirement49846 55864BenefitsProvision for Doubtful Debts 47 110772Provision for Premium18733 12503DefalcationProvision on Standard Assets 57732 54515Provision for Arrears (due to58711 20827wage revision)6 Reserve for Premium Deficiency 0TOTAL 6371876 6083186

FORM NL-19 MISC EXPENDITURE SCHEDULEMISCELLANEOUS EXPENDITURE(To the extent not written off or adjusted)SN Particulars As at30.09.2010As at30.09.2009(Rs.’000). (Rs.’000).1 Discount Allowed in issue ofshares/ debentures0 00 02 Others (to be specified) 0 0TOTAL 0 0

PERIODIC DISCLOSURESAGRICULTURE INSURANCE COMPANY OF INDIA LTDFORM NL 21 - STATEMENT OF LIABLITES FOR THE HALF YEAR ENDED 30.09.2010As At 30.09.2010As At 30.09.2009(Rs in Lakhs)SNParticularReserves forunexpiredrisksReserve forOutstandingClaimsIBNRReservesTotalReservesReserves forunexpiredrisksReserve forOutstandingClaimsIBNRReservesTotalReserves1 Fire2 Marinea Marine Cargob Marine Hull3 Miscellaneousa Motorb Engineeringc Aviationd Liabilitiese Others4 Health InsuranceCrop Insurance 61868 54724 51859 168450 48087 33549 59794 141430Total Liabilities 61868 54724 51859 168450 48087 33549 59794 141430

FORM NL-22Geographical Distribution of BusinessPERIODIC DISCLOSURESInsurer: Agriculture Insurance Company of India Ltd., New DelhiGROSS DIRECT PREMIUM UNDERWRITTEN FROM APRIL TO SEPTEMBER 2010STATESFortheqtrUptotheqtrFortheqtrUptotheqtrFortheqtrUptotheqtrFortheqtrUptotheqtrFortheqtrUptotheqtrFortheqtrUptotheqtrLiabilityinsuranceFor Uptothe theqtr qtrPersonalAccidentFor Uptothe theqtr qtrMedicalInsuranceFor Uptothe theqtr qtrOverseasmedicalInsuranceFor Uptothe theqtr qtr(Rs in Lakhs)CropInsurance1.4.2010 to30.9.2010Andhra Pradesh 10226.42Arunachal PradeshAssam 165.04Bihar 8390.56Chhattisgarh 2221.18Goa 2.79Gujarat 12170.96Haryana 449.28Himachal Pradesh 72.61Jammu & Kashmir 7.94Jharkhand 894.82Karnataka 2494.76Kerala 387.36Madhya Pradesh 8105.38Maharasthra 13878.01Manipur 0.00Meghalaya 44.22Mizoram 0.00NagalandOrissa 4590.90Punjab 0.00Rajasthan 22201.43Sikkim 0.03Tamil Nadu 1097.63Tripura 3.17Uttar Pradesh 3859.74Uttrakhand 511.39West Bengal 3637.03Andaman & Nicobar Is. 0.00ChandigarhDadra & Nagra HaveliDaman & DiuDelhiLakshadweepFireMarine(Cargo)Marine(Hull)Engineerin Motor Own Motor Thirdg Damage PartyPuducherry 4.96Total 95417.61NANANANANANANAAll OtherMiscellaneousFortheqtrUptotheqtrGrandTotalFortheqtrUptotheqtrPage 21 of 40

Form Nl 23 - Reinsurance Risk ConcentrationAGRICULTURE INSURANCE CO. OF INDIA LTD.(Rs in Lakhs)Reinsurance Risk Concentration for the half year ended 30.09.2010Premium ceded to reinsurersSNReinsurance PlacementsNo. ofreinsurersProportionalNon-ProportionalFacultativePremium ceded toreinsurers / Totalreinsurancepremium ceded (%)1 No. of Reinsurers with rating of AAA and above NIL2 No. of Reinsurers with rating AA but less than AAA 1 1468 4.633 No. of Reinsurers with rating A but less than AA 6 11889 353 38.604 No. of Reinsurers with rating BBB but less than A 0.005 No. of Reinsurers with rating less than BBB 0.006 No. of Indian Reinsurers (GIC & GIPSA Cos) 5 17918 88 56.77Total 12 31275 441 100.00

FORM NL-24 Ageing of ClaimsAGRICULTURE INSURANCE CO. OF INDIA LTD.Ageing of Claims for the half year ended 30.09.2010LINE OF BUSINESSNo. of Claims Paid1 Month 1 - 3 Months 3 - 6 Months 6 Months - 1YearNo. of No. of No. of No. ofFarmers Farmers Farmers Farmers> 1 YearNo. ofFarmersTotal No. ofClaims PaidNo. ofFarmersTotalAmount ofClaims Paid(Rs. inLakhs)Crop Insurance 0 264441 3430940 2494926 227128 6417435 357243.08

FORM NL-25 claims data for the half year ended 30.09.2010AGRICULTURE INSURANCE CO. OF INDIA LTD.CLAIMS DATA - HALF YEARLY (APRIL,2010 to SEPTEMBER,2010)CROP INSURANCESNClaims ExperienceNo. of Claims(No. of Farmers)1 CLAIMS O/S AT THE BEGINNING OF THE PERIOD 12410552 CLAIMS REPORTED DURING THE PERIOD 87056733 CLAIMS SETTLED DURING THE PERIOD 64174354 CLAIMS REPUDIATED DURING THE PERIOD 05 CLAIMS CLOSED DURING THE PERIOD 06 CLAIMS O/S AT END OF THE PERIOD 3529293LESS THAN 3 MONTHS 6419693 MONTHS TO 6 MONTHS 2276 MONTHS TO 1 YEAR 28790961 YEAR AND ABOVE 8001

FORM NL-26 - CLAIMS INFORMATION - KG Table IAGRICULTURE INSURANCE COMPANY OF INDIA LTDSOLVENCY AS AT 30.09.2010REQUIRED SOLVENCY MARGIN BASED ON NET PREMIUM AND NET INCURRED CLAIMSPREMIUMCLAIMS(Rs. in Lacs)Item No.DescriptionGrossPremiumNet PremiumGrossincurred claimNet incurredClaimRSM-1RSM-21 Fire2 Marine Cargo3 Marine Hull4 Motor5 Engineering6 Aviation7 Laibilities8 Others9 HealthCrop Insurance 166310 123736 129540 101026 24747 30308 30308Total 166310 123736 129540 101026 24747 30308 30308

PERIODIC DISCLOSURESForm Nl 27 - Offices information for Non-LifeAgriculture Insurance Company of India Ltd., New DelhiFROM APRIL TO SEPTEMBER 2010SN123456789Office InformationNo. of offices at the beginning of the yearNo. of branches approved during the yearNo. of branches openedduring the yearOut of approvals ofprevious yearOut of approvals ofthis yearNo. of branches closed during the yearNo of branches at the end of the yearNo. of branches approved but not opendNo. of rural branchesNo. of urban branchesNumber18000018nana18The above figures includes 1 Head Office at Delhi and 17 Regional Offices.

FORM NL-28-STATEMENT OF ASSETS - 3BCompany Name & Code:Statement as on:Statement of Investment Assets (General Insurer, Re-insurers)(Business within India)AGRICULTURE INSUARNCE COMPANY OF INDIA LIMITED, CODE NO.12630TH SEPTEMBER, 2010Rs. In LakhsNo PARTICULARS SCH AMOUNT1 Investments 8 164051.962 Loans 9 132.273 Fixed Assets 10 3624.714 Current Assetsa. Cash & Bank Balance 11 113373.68b. Advances & Other Assets 12 36184.385 Current Liabilitiesa. Current Liabilities 13 164449.11b. Provisions 14 63718.76c. Misc. Exp not Written Off 15 0.00d. Debit Balance of P&L A/cApplication of Funds as per Balance Sheet (A) 89199.13Less: Other Assets SCH AMOUNT1 Loans (if any) 9 132.272 Fixed Assets (if any) 10 3624.713 Cash & Bank Balance (if any) 11 28550.684 Advances & Other Assets (if any) 12 35173.405 Current Liabilities 13 164449.116 Provisions 14 63718.767 Misc. Exp not Written Off 15 0.008 Debit Balance of P&L A/cTOTAL (B) -160686.81'Investment Assets' As per FORM 3B (A-B) 249885.94No 'Investment' represented as Reg. %SHBook ValueFVCPH%Total *MarketBalance FRSM +(SH + PH) AmountActualValue(a) (b) (c) d = (b+c) (e) (d + e)1 G. Sec. Not less than 20% 23582.33 45777.46 69359.79 27.88 69359.792 G. Sec or Other Apporved Sec. (incl. (1) above) Not less than 30% 26231.79 50920.54 77152.33 31.01 77152.333 Investment subject to Exposure Norms 0.001.'Housing & Loans to SG for Housing and FFE, Infrastructure Investments Not less than 15% 21242.51 41235.45 62477.96 25.11 62477.962. Approved Investments 37118.01 72052.60 109170.61 43.88 1085.04 110255.65Not exceeding 55%3. Other Investments (not exceeding 25%)Total Investment Assets 100% 84592.31 164208.59 248800.90 100.00 249885.94 -*All securities are considered to be on the basis of 'Held to Maturity', hence only Book Value is given.Certification:Certified that the information given herein are correct and complete to the bestof my knowledge and belief and nothing has been concealed or suppressedDate:

PERIODIC DISCLOSURESForm NL 29 - Detail regarding debt securitiesAgriculture Insurance Company of India Limited(Rs in Lakhs)Break down by creditratingAs at 31.03.10as % of totalfor this classas at…. Of theprevious yearas % of totalfor this classAs at 30.09.10as % of totalfor this classas at 30.09.09Of theprevious yearas % of totalfor this classAAA rated 143825.15 99.65 136286.62 100.00AA or better 505.14 0.35Rated below AA butabove ARated below A but aboveBAny otherBREAKDOWN BYRESIDUALMATURITY144330.29 100.00 136286.62 100.00Up to 1 year 9240.48 6.40 14071.23 10.32more than 1 yearand upto3yearsMore than 3years and upto 7yearsMore than 7 years and upto 10 years19001.20 13.17 20114.81 14.7650567.22 35.04 40590.87 29.7845722.02 31.68 41129.71 30.18above 10 years 19799.37 13.72 20380.00 14.95Breakdown by type ofthe issurerDetail Regarding debt securitiesMARKET VALUE*144330.29 100.00 136286.62 100.00a. Central Government 69359.79 48.06 71848.16 52.72b. State Government 7792.54 5.40 7299.52 5.36c.Corporate Securities 67177.96 46.54 57138.94 41.93*All securities are considered to be on the basi of 'Held to Maturity', hence only Book Value is given.Book Value144330.29 100.00 136286.62 100.00

PERIODIC DISCLOSURESFORM NL-30 ANALYTICAL RATIOSAGRICULTURE INSURANCE COMPANY OF INDIA LTDANALYTICAL RATIOS FOR NON-LIFE INSURANCE COMPANIESSN Particular Sep-10 Sep-091 Gross Premium Growth Rate 117.61 208.582 Gross Premium to shareholders' fund ratio 107.83 100.143 Growth rate of shareholders'fund 109.22 115.214 Net Retention Ratio 66.72 82.315 Net Commission Ratio -9.54 -3.426Expense of Management to Gross DirectPremium Ratio1.54 1.227 Combined Ratio 65.10 58.928 Technical Reserves to net premium ratio 264.89 212.019 Underwriting balance ratio 12.40 32.5810 Operationg Profit Ratio 25.44 45.8611 Liquid Assets to liabilities ratio 132.72 155.4512 Net earning ratio 18.58 11.5313 return on net worth ratio 13.36 9.5014Available Solvency argin Ratio to RequiredSolvency Margin Ratio2.68 4.5415 NPA RatioFig in (%)Gross NPA Ratio NA NANet NPA Ratio NA NAEquity Holding Pattern for Non-Life Insurers(Rs. in Lacs)1 (a) No. of shares 2000 20002(b) Percentage of shareholding (Indian /Foreign)3( c) %of Government holding (in case of publicsector insurance companies)4(a) Basic and diluted EPS before extraordinaryitems (net of tax expense) for the period (notto be annualized)5(b) Basic and diluted EPS after extraordinaryitems (net of tax expense) for the period (not 12.58 3.84to be annualized)6 (iv) Book value per share (Rs) Rs.10/- Rs.10/-

PERIODIC DISCLOSURESForm NL31: Related Party TransactionsAGRICULTURE INSURANCE COMPANY OF INDIA LTD.Related Party Transactions for the half year ended 30.09.2010(Rs in Lakhs)SNName of the Related PartyNature ofRelationshipwith theCompanyDescription ofTransactions /CategoriesConsiderationpaid1 General Insurance Corpn of India 324331503 New India Assurance Co 79462434 National Insurance Co.Shareholders Reinsurance72422555 Oriental Ins. Co. 79462436 United India Ins. Co. 3267108*including the premium flow through Assocaites/ Group companies as an agent

PERIODIC DISCLOSURESAGRICULTURE INSURANCE COMPANY OF INDIA LTD.Fom 32: Products InformationProducts Information for the half year ended 30.09.2010List below the products and/or add-ons introduced during the periodSN Name of Product Co. Ref. No. IRDA Ref.no. Class of Business*Category ofproductDate of filingof ProductDate IRDAconfirmedfiling/approval1Cardamom Plants & YieldInsuranceAIC/R&D/35IRDA/NL/AIC/P/Misc/V-I/093/08-09Misc.(crop)Insurance13.2.10 23.4.10

SNFORM NL-33 - SOLVENCY MARGIN - KGIITABLE - IIAGRICULTURE INSURANCE COMPANY OF INDIA LTD.SOLVENCY AS AT 30.09.2010AVAILABLE SOLVENCY MARGIN AND SOLVENCY MARGIN(Rs. in Lacs)NotesDescriptionAmountNo.(1) (2) (3) (4)1 Available Assets in Policyholders’ Funds (adjusted value 203013of Assets as mentioned in Form IRDA-Assets-AA):Deduct:2 Liabilities (reserves as mentioned in Form HG) 1684503 Other Liabilities (other liabilities in respect of 53377Policyholders’ Fund as mentioned in Balance Sheet) (18815)4 Excess in Policyholders’ Funds (1-2-3)5 Available Assets in Shareholders’ Funds (value of 106527Assets as mentioned in Form IRDA-Assets-AA):Deduct:6 Other Liabilities (other liabilities in respect of 6340Shareholders’ Fund as mentioned in Balance Sheet)7 Excess in Shareholders’ Funds (5-6) 1001868 Total Available Solvency Margin [ASM] (4+7) 813729 Total Required Solvency Margin [RSM] 3030810 Solvency Ratio (Total ASM/Total RSM) 2.68

FORM NL-34Agriculture Insurance Company of India Limited: Board of Directors & Key PersonFor the period from 01.04.2010 to 30.09.2010NL 34 : BOD and Key Person informationSl. No. Name of person Role/designationDetails of change in the periodBoard of Directors1 Shri M. Parshad Chairman-cum-Managing Director2 Shri Tarun Bajaj Director3 Shri R. K. Tiwari Director4 Shri Mukesh Khullar Director5 Shri K. N. Bhandari Director6 Smt. Bhagyam Ramani Director7 Shri S. K. Mitra Director8 Shri I. S. Phukela Director9 Shri S. K. Chanana Director10 Shri P. C. James DirectorKey Persons1 Shri R. P. Samal General Manager2 Shri S. Chidambaram Appointed ActuaryNo Change during the first half year of 2010-11No Change during the first half year of 2010-11No Change during the first half year of 2010-11No Change during the first half year of 2010-11No Change during the first half year of 2010-11No Change during the first half year of 2010-11No Change during the first half year of 2010-11No Change during the first half year of 2010-11No Change during the first half year of 2010-11No Change during the first half year of 2010-11No Change during the first half year of 2010-11No Change during the first half year of 2010-11

FORM NL-35-NON PERFORMING ASSETS-7ACompany Name &Code:AGRICULTURE INSURANCE COMPANY OF INDIA LIMITED, CODE NO.126Statement as on:30TH SEPTEMBER, 2010Details of Investment PortfolioCOICompanyNameInstrument TypeInterest Rate%Has therebeenrevision?Total O/s(BookValue)DefaultPrincipal(BookValue)DefaultInterest(BookValue)PrincipalDue fromInterestDue fromDeferredPrincipalDeferredInterestRolledOver?Has there been anyPrincipal Waiver?AmountBoardApprovalRefClassificationProvision(%)Provision(Rs)NILCERTIFICATIONCertified that the information given herein are correct and complete to the best of my knowledge and belief and nothing has been concealed or suppressed.Date:

FORM NL-36-YIELD ON INVESTMENTS 1Company Name & Code:AGRICULTURE INSUANCE COMPANY OF INDIA LIMITED, CODE NO.126Statement as on:30TH SEPTEMBER, 2010Statement of Investment and Income on InvestmentCurrent QuarterYear to DateRs. LakhsPrevious YearNoCategory of InvestmentCategoryCodeInvestment (Rs.)BookValueMarketValue*IncomeonInvestment (Rs.)Gross Net YieldYield (%)¹ (%)²Investment (Rs.)BookValueA1 Central Government Securities CGSB 0.00 0.00 0.00 0.00 1979.40 72.89 8.20 5.41 15334.50 129.72 6.80 4.49A4 Deposit u/s 7 of Insurance Act, CDSS 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00B1 State Government Bonds SGGB 496.00 5.57 8.19 5.41 496.00 5.57 8.19 5.41 4523.37 52.59 7.98 5.27C5 Bonds/ Debentures Issued by HTHD 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00C6 Bonds/ Debentures Issued by NHB HTDN 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00MarketValueIncomeonInvestment (Rs.)Gross Net YieldYield (%)¹ (%)²Investment (Rs.)BookValueMarketValueIncomeonInvestment (Rs.)GrossYield (%)¹Net Yield(%)²C7D2D5Bonds/ Debentures issued byAuthority constituted under anyHousing/ Building Schemeapproved by Central/ State/ anyAuthority or Body constituted byInfrastructure/ Social Sector-PSU-Debenture BondsInfrastructure/ Social Sector-PSU-Debenture Bonds (Tax Free)HTDA 5000.00 40.29 8.37 5.53 8993.20 207.22 8.50 5.61 5996.16 110.14 8.91 5.88IPTD 0.00 0.00 0.00 0.00 5526.65 189.72 8.46 5.58 19556.22 155.86 8.44 5.57IPFD 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00E1E2E6PSU (Approved Investment) -Equity shares QuotedEAEQ 39.95 20.00 0.00 0.00 434.42 22.34 0.00 0.00 33.04 18.15 0.00 0.00Corporate Securities (ApprovedEACE 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Investment) - Equity shares QuotedCorporate Securities - Bonds(Taxable)EPBT 3500.00 139.19 8.42 5.56 3500.00 139.19 8.42 5.56 0.00 0.00 0.00 0.00Deposits - Deposit with Scheduled 18441.70 152.16 7.56 4.99 50668.70 1113.76 7.03 4.64 65793.81 1304.21 7.30 4.82E16ECDBMibor Deposit 11272.00 11.72 6.50 4.29 11611.50 11.72 6.50 4.29 35312.00 23.74 4.25 2.81F9 Liquid Fund - MUTUAL FUND OMLF 46211.50 69.06 6.45 6.45 75454.00 160.35 6.15 6.15 52381.00 127.74 3.75 3.75TOTAL 84961.15 437.99 6.90 5.75 158663.87 1922.76 6.74 5.44 198930.10 1922.15 5.96 4.27*All securities are considered to be on the basis of 'Held to Maturity', hence only Book Value is given.CERTIFICATIONCertified that the information given herein are correct and complete to the best of my knowledge and belief and nothing has been concealed or suppressed.

FORM NL-37-DOWN GRADING OF INVESTMENT-2Company Name & Code: AGRICULTURE INSURANCE COMPANY OF INDIA LIMITED,Statement as on:30TH SEPTEMBER, 2010Statement of Down Graded InvestmentsCODE NO.126Rs. LakhsNoName of theSecurityCOIAmountDate ofPurchaseRating AgencyOriginalGradeCurrentGradeDate ofDowngradeRemarksA. During the Quarter ¹B. As on Date ²NILCERTIFICATIONCertified that the information given herein are correct and complete to the best of myknowledge and belief and nothing has been concealed or suppressed.

PERIODIC DISCLOSURESForm NL 38 - Business Returns across line of Business from April, 2010 to September, 2010Agriculture Insurance Company of India Ltd., New Delhi(Rs in Lakhs)SNLine of BusinessCurrent Half YearPrevious Half yearPremium No. of Policies Premium No. of Policies1 Fire NA NA NA NA2 Cargo & Hull NA NA NA NA3 Motor TP NA NA NA NA4 Motor OD NA NA NA NA5 Engineering NA NA NA NA6 Workmen's Compensation NA NA NA NA7 Employer's Liability NA NA NA NA8 Aviation NA NA NA NA9 Personal Accident NA NA NA NA10 Health NA NA NA NA11 Others*Crop Insurance 95418 270169 81177 233714

SN Line of Business Particular1 Fire8 Aviation10 HealthPERIODIC DISCLOSURESForm Nl 39 - Rural & Social Obligations from April 2010 to September,20102 Cargo & Hull3 Motor TP4 Motor OD5 Engineering6 Workmen's Compensation7 Employer's Liability9 Personal Accident11 Others*Crop InsuranceRural & Social Obligations*any other segment contributing more than 5% needs to be shown separatelyNote-Entire AIC premium is Rural & SocialNo. of PoliciesIssuedPremiumCollected(Rs in Lakhs)Sum AssuredRuralSocialRuralSocialRuralSocialRuralSocialRuralSocialRuralSocialRuralSocialRuralSocialRuralSocialRuralSocialRural 270169 95418 2354954Social

PERIODIC DISCLOSURESForm NL 40 : Business Acquisition through different channels from April, 2010 to September, 2010Agriculture Insurance Company of India Ltd., New Delhi(Rs in Lakhs)Business Acquisition through different channelsSNChannelsApril to Sep'2010April to Sep'2009No. of Policies Premium No. of Policies Premium1 Individual agents 0 0 0 02 Corporate Agents-Banks 209555 94015 206991 774693 Corporate Agents -Others 0 0 3743 634 Brokers 18163 486 13408 4785 Micro Agents 39921 829 6493 7736 Direct Business 2530 88 3079 2394Total (A) 270169 95418 233714 811771 Referral (B) 0 0 0 0Grand Total (A+B) 270169 95418 233714 81177

SN1 Complaints made by customersPERIODIC DISCLOSURESFORM NL 41 - GRIEVANCE DISPOSAL FOR THE PERIOD APRIL, 2010 TO SEPTEMBER, 2010ParticularsOpeningBalance *AdditionsFullyAcceptedComplaints ResolvedPartial AcceptedRejecteda) Sales Related 0 0 0 0 0 0b) Policy Administration Related 0 0 0 0 0 0c) Insurance Policy Coverage related 0 202 0 0 202 0d) Claims related 0 0 0 0 0 0e) others 0 0 0 0 0 0d) Total Number 0 202 0 0 202 0ComplaintsPending2 Duration wise Pending StatusComplaintsmade bycustomersComplaints madeby intermediariesTotala) Less than 15 days 0 0 0b) Greater than 15 days 0 0 0Total Number 0 0 0* Opening balance should tally with the closing balance of the previous financial year.