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Transcript of BALIC Annual Report10 11
Annual Report2010-2011
Bajaj Allianz Life Insurance Co. Ltd.
BOARD OF DIRECTORS :
AUDITORS :
MAIN BANKERS :
REGISTERED OFFICE :Bajaj Allianz Life Insurance Company Limited
Mr. Rahul Bajaj (Chairman)Mr. Manuel BauerMr. Sanjay AsherMr. Niraj BajajMr. Sanjiv BajajMr. Heinz DollbergMr. Kamesh Goyal (Alternate Director to Mr. Manuel Bauer)Mr. Ranjit GuptaMr. S. H. KhanMr. Suraj MehtaMr. V. Philip (Managing Director & Chief Executive Officer)Mr. Manu Tandon
B S R & Co.Chartered Accountants
DALAL & SHAHChartered Accountants
Standard Chartered BankAXIS BankDeutsche BankHDFC BankCiti Bank
Ground Floor, G.E. Plaza, Airport Road,Yerawada, Pune- 411006.Tel : 020-6602 6777Fax : 020-6602 6789email : [email protected] us at : www.bajajallianzlife.co.in
Bajaj Allianz Life Insurance Company Ltd. I IRDA Registration No.116 dated 3rd August, 2001
INDEX
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Annual Report 2010-2011Bajaj Allianz Life Insurance Company Ltd. I IRDA Registration No.116 dated 3rd August, 2001
Directors' Report 2
Management Report 10
Auditors' Report 13
Revenue Account : Policyholders' Account (Technical Account) 16
Profit & Loss Account : Shareholders' Account (Non Technical Account) 21
Balance Sheet 22
Schedule 1-15 24
Annexure to Revenue Account 40
Notes to Financial Statements 46
Cash Flow Statement 138
Balance Sheet Abstract & Company's General Business Profile 139
Directors' Report
The Directors have pleasure in presenting their Tenth Annual Report & Audited Statements of Accounts for the year 2010-11.
Life Insurance industry that had seen rapid growth from the opening up of the sector in 2000-01 till 2009 –10, has witnessed a minor slowdown in the current financial year. During the year life insurance industry had a new business growth of 15.1% as against 25.5% in the year 2009-10. The 23 life insurers have mobilized a first year premium of Rs 1,258.2 billion in 2010-11 compared to Rs 1,092.9 billion in the previous year. The market share of LIC has increased from 64.9% to 68.7% while that of the private players has reduced from 35.1% to 31.3%. The Industry witnessed a negative growth of 9.66% in the second half over the corresponding period in the previous year. There has been a significant shift in the business mix, across the industry, mainly among Private Life companies, from individual regular premium business towards individual single premium business and group business. The life industry, in the second half of the year, saw a decline of 26.9% in individual regular premium business (43.5% for private companies).
A number of new regulations and amendments of earlier regulations for the insurance industry have been introduced by IRDA in the financial year 2010-11. The new changes are largely for the benefit of the policyholders which includes capping on charges and transparency in disclosures by the insurance companies. In addition to the capping of charges in the unit linked products, the lock-in period for all Unit Linked Products has been increased from three years to five years, including on the top-up premiums, to promote long term investment by the customer. Also, charges on ULIPs have been mandated to be evenly distributed during the lock in period, to eliminate high front ending of expenses. The Regulations on Treatment of Discontinued Linked Insurance Policies have also been issued wherein a policyholder would be entitled to exercise an option of either reviving the policy or completely withdrawing from the policy without any risk cover and the rates for discontinuance are also specified by the Authority. It has also been specified that all ULIP pension / annuity products shall offer a minimum guaranteed return of 3.5% on the maturity date, which has hugely impacted the sale of pension products by the insurers. These changes though welcome, pose tremendous challenge to the insurance industry in the short term.
The Authority has also issued guidelines pertaining to time-frames and uniform definitions and classifications with respect to grievance redressal by insurance companies. The distribution model for to referral tie-ups have been revised and earlier
1. Market scenario in the life insurance industry:
referral guidelines applicable to banks have been withdrawn. New regulations pertaining to sharing of database for distribution of insurance products have been issued. IRDA has also issued guidelines prescribing outsourcing of the core functions and rules for outsourcing of non-core functions.
Business Performance
Your Company is at the fourth position amongst the private life insurers on the basis of new business premium and second in terms of the number of policies issued, for the financial year 2010-11. It wrote new business of Rs. 34.7 billion during 2010-11 compared to Rs. 44.5 billion in the previous year . The market share of the Company reduced to 2.8% compared to 4.1% in the previous year. The gross premium written for the financial year 2010-11 was Rs. 96 billion, as compared to Rs. 114 billion in the previous year, registering a negative growth.
Your Company earned a profit of Rs. 9.6 billion during 2010-11, compared to Rs. 4.2 billion in the previous year. This has been achieved by focusing on expense management, operational efficiency and acquisition expenses.
After distribution of current year's surplus of Rs. 8.2 billion (previous year Rs. 4 billion) and further transfer of Rs. 1.1 billion (previous year Rs. 1.2 billion) from Funds for Future Appropriation, the shareholders' profit after tax stands at Rs. 10.5 billion (previous year Rs. 5.4 billion). In 2010-11, all accumulated losses have been set off and as at 31 March 2011 your Company has accumulated profits of Rs 10.4 billion.
Investments
The funds under management as on 31st March 2011 were Rs. 393 billion comprising shareholder investments of Rs. 23.52 billion; traditional policyholder investments of Rs. 40.94 billion and Unit Linked investments of Rs. 328.84 billion. The total investments under management of the Company have increased by 17.7% from Rs. 334 billion in the previous year.
The traditional portfolios were managed keeping in mind the regulatory asset allocation requirements. The performance of the ULIP funds, for the year ended 31st March 2011 was among the top three players of the industry. Your Company's cash funds delivered returns of 7% to 7.5%, outperforming the CRISIL Composite Liquid Index by 140 basis points while the bond funds outperformed the CRISIL Composite Bond Index by over 250 basis points, Debt Plus Pension Fund and Debt Plus Fund generated returns of 7.6% and 7.5% respectively without taking on undue credit or interest rate risks. Your Company's diversified
2. Summary of operations for the year:
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Bajaj Allianz Life Insurance Company Ltd. I IRDA Registration No.116 dated 3rd August, 2001
Particulars 2010-2011 2009-2010
No. of Policies
Amount (Rs crore)
No. of Policies
Amount (Rs crore)
Claims Intimated / Booked 25,511 515 22,516 403Claims Settled 23,980 478 20,316 361Repudiated 1,913 47 1,197 26
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Annual Report 2010-2011
equity funds have delivered returns that are better than the benchmark Nifty Indices. The large cap equity funds have outperformed the NSE Nifty Index by over 5.5%, Equity Plus Pension Fund and Equity Growth Pension Fund delivering more than 16.5% returns. Mid cap equity funds have outperformed the Nifty Mid Cap 50 Index by over 15% with Accelerated Mid Cap Fund II and Equity Mid Cap Pension Fund generating returns of 8.4% and 7% respectively.
Products
Your Company has a basket of 43 products comprising of 16 group products & 27 individual products including 12 new products launched in the year. This includes the Unit Linked Insurance Products duly modified and reintroduced as per the IRDA Regulation on Treatment of Discontinued Linked Insurance Policies.
Office network
Your Company has a pan India presence in over 1090 offices across all geographies of India. Operations & Processing Hubs have been formed at various locations to cater to the operational requirement and underwriting of policies.
Customer Service
Policyholders Protection Committee has been constituted by the company in accordance with the Corporate Governance guidelines notified by Insurance Regulatory and Development Authority (IRDA) for the resolution of customers complaints.
Your Company introduced various initiatives during the period under consideration which inter alia included sending of an automated SMS to customers on closure of query and rating of services by the customer, as a part of customer engagement facilities. As a part of customer engagement facilities, video conferencing facility were provided at some offices for walk in customers facilitating direct communication with the customer service executives. Welcome calling for the high net-worth customers was also initiated by your Company. As a part of improving the processes and servicing of customers, root cause analysis of the complaints was also done.
Death claims intimated / booked during the current year and previous year are as below:
Bajaj Allianz Life Insurance Company Ltd. I Directors’ Report for the Financial Year ended 31st March 2011
Note: The Above includes only Death Claims & Accidental benefit riders & does not include surrender benefits & withdrawals.
Renewals
Your Company has continued to focus on renewals and has undertaken initiatives for persistency of its existing policies. A separate Renewal Vertical has been in place for the last three years with a view to focusing on collection of renewal premiums and servicing policyholders. The initiatives taken by Renewal Vertical include Automated Calls to Policy holders at defined turn-around time (TAT) to remind them on the renewal due, sending of SMS, E-Mailers etc.. Company also sends renewal intimation letters to the customers in English as well as customer preferred vernacular language of the available 12 different languages. Call recording facility across branches was activated to monitor the quality of calls. A dedicated service team was also set up to address all reverts and requests received by customers through Automated Calls & SMSs, Emails etc..
The policy lapsation ratio of the whole portfolio of the Company for the current year is 41% compared to 32 % of previous year. This is being calculated by taking the ratio of current year's renewal premium with the previous year's first year premium and renewal premium.
Recognition and Awards
Your Company received the Bloomberg UTV Financial Leadership Awards 2011 in the category –“Best contribution in Investor Education and Category Enhancement of the year” in Insurance. The trophy was received from the Honourable Finance Minister, Mr. Pranab Mukherjee.
Corporate Communication
Your Company continued its valued association with IBN 7 network for the sponsored property “Super Idols”, the prestigious platform that celebrates the physically handicapped citizens of India and introduced 'Ability Insurance', a customized solution for them. The Allianz global format of Junior Football Camp in India with a school contact program in 7 states resulted in 6 select teenagers attending an exclusive football training camp at FC Bayern Club at Munich. A unique Tax Campaign message with a dynamic Mobile Tax Calculator Application was communicated via a 360 degree robust campaign across the country. The first phase of a 2000 school mass reach initiative “Discover India with Anupam Kher” was kicked off, which is a unique children's quiz format played at schools and the finals were aired on leading TV channel, Star Plus. In addition to the above, your Company sponsored the Union Budget 2011 on Bloomberg UTV and Zee Business television channels and Kerala Assembly Election 2011 on Manorama News channel. The Brand
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Bajaj Allianz Life Insurance Company Ltd. I IRDA Registration No.116 dated 3rd August, 2001
was also present as an advertiser during the euphoric Cricket World Cup 2011 matches on Doordarshan.
The total funds infused by the shareholders in the Company remains Rs. 12.11 billion, with no fresh infusion of capital during the year 2010-11. The solvency ratio as at 31st March 2011 stands at 366% as against the required of 150%.
IRDA has renewed the Certificate of Registration of the Company to carry on life insurance business for the year 2011-12.
The particulars in the Companies (Disclosure of Particulars in the report of the Board of Directors) Rules, 1988, pertaining to conservation of energy does not apply to life insurance industry and hence are not applicable to your Company.
Information Technology Your Company leverages information technology as a strategic tool to gain competitive advantage and to improve productivity and efficiency of the Organisation. Our platforms are designed to service scale and are capable of handling high customer and transaction volumes. We have used technology to deliver process improvements, innovations and to add value to our services to the customers.
Earnings in foreign currency NILExpenditure in foreign currency Rs. 275 million
As required by the provisions of sub-section 2A of Section 217 of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules, 1975 as amended, the names and other particulars of the employees are set out in the Annexure A to the Directors' Report. This report and accounts are being sent to shareholders excluding the said information. Any shareholder interested in obtaining such information may write to the Company Secretary at the registered office of the Company for a copy thereof.
Mr. Sanjiv Bajaj, Mr. Heinz Dollberg and Mr. Manu Tandon, Directors of the Company retire by rotation and being eligible offer themselves for re-appointment as directors.
3.1. Capital :
3.2. IRDA Registration :
4. Particulars regarding conservation of energy and technology absorption:
5. Foreign exchange earnings and expenditure:
6. Particulars of employees:
7. Directors:
Mr. V. Philip has been appointed as Managing Director & Chief Executive Officer of the Company in place of Mr. Kamesh Goyal w.e.f. 1st February 2011. Dr. Werner Zedelius ceased to be Director of the Company w.e.f. 31st December 2010, who was succeeded by Mr. Manual Bauer. The Board of Directors places on record its appreciation and gratitude towards the excellent support and guidance Dr. Werner Zedelius has rendered to the Company right since its inception.
In accordance with the requirements of sub-section 2AA of Section 217 of the Companies Act, 1956, the Board of Directors wish to confirm the following:
(I) that in preparation of the annual accounts, the applicable accounting standards have been followed along with proper explanation relating to material departures;
(ii) that such accounting policies have been selected and applied consistently, and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company as on 31st March 2011 and of the profit of the Company for that period;
(iii) that proper and sufficient care has been taken for the maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;
(iv) that the annual accounts have been prepared on a going concern basis.
The Corporate Governance guidelines issued by the IRDA came into effect from 1st April 2010. A report on compliance with these guidelines is contained in Annexure B along with a certificate from the Compliance Officer.
The Company appointed M/s BSR & Co., Chartered Accountants and M/s Dalal & Shah, Chartered Accountants, as joint statutory auditors of the Company in the last Annual General meeting. They hold office up to the conclusion of the Tenth Annual General meeting of the Company. In accordance with the IRDA Regulations / Guidelines, it is now proposed to appoint M/s BSR & Co., Chartered Accountants and M/s Dalal & Shah, Chartered Accountants, as Joint Statutory Auditors of the Company to hold office from the conclusion of the ensuing Annual General Meeting till the conclusion of the next Annual General Meeting and to fix their remuneration.
8. Directors' responsibility statement:
9. Corporate Governance:
10. Auditors:
The shareholders are requested to appoint the auditors for the period from the conclusion of the ensuing annual general meeting till the conclusion of the next annual general meeting and to fix their remuneration.
The Board is grateful to the IRDA and other regulatory authorities for their continued support. The Board is also grateful to its Policyholders', Bankers', Intermediaries' and Channel Partners for their continued support.
11. Appreciation:
The Directors take this opportunity to thank the concerned employees of Bajaj Finserv Limited and Allianz SE for their invaluable contribution in guiding the working of the Company.
The Directors also take this opportunity to thank the employees at all levels for their hard work, dedication and commitment.
On behalf of Board of Directors ofBajaj Allianz Life Insurance Company Ltd
Rahul BajajChairman
Place : Pune Date : 6th May 2011
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Annual Report 2010-2011Bajaj Allianz Insurance Company Ltd. I Life Director’s Report for the Financial Year ended 31st March 2011
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Bajaj Allianz Life Insurance Company Ltd. I IRDA Registration No.116 dated 3rd August, 2001
Corporate Governance
Board of Directors
The Insurance Regulatory and Development Authority (IRDA) issued Corporate Governance Guidelines (the Guidelines) for the insurance companies on 5th August 2009, being implemented with effect from 1st April 2010. However your Company has been implementing several of the practices prescribed by these Guidelines right since its inception. For your Company, Corporate Governance is not a mere set of rules to be implemented as a matter of mandatory compliance with regulatory requirements. It's a way of doing business within the corporate culture inherited from both the joint venture partners for achievement of goals of customer satisfaction and enhancement of shareholder values with protection of all other stakeholders' interests.
The Board of Directors consists of 12 Directors which includes four Independent Directors. The CEO of the Company, as the Managing Director, is member of the Board of Directors. The Chairman of the Company and all other Directors are Non-executive and none of the Independent Directors are relatives of any other Director. The list of Directors and other major offices held by them is mentioned elsewhere in this Annual Report.
1. Mr. Rahul Bajaj, Chairman of the Company, an honours graduate in Economics and Law and MBA from Harvard Business School. He is considered as one of the most successful business leaders of India, heads the Bajaj Group of Companies. He is the Chairman of the group's flagship, Bajaj Auto Limited.
2. Mr. Manuel Bauer has been appointed as director in place of Dr. Werner Zedelius w.e.f. 20th January 2011. He has done Mechanical Engineering from Technical Engineering College in Vienna. He has been head of Central Eastern Europe, Middle East and North Africa (CEEMA) Unit of Allianz SE, Munich since 2010.
3. Mr. Sanjay Asher is a Commerce and Law Graduate from Mumbai University and a fellow member of the Institute of Chartered accountants of India. Mr. Sanjay Asher is a Partner of M/s. Crawford Bailey & Co. and was an invitee to the Department of Dis investment 's Committee for standardizing the transaction documents in relation to privatization of the public sector enterprises.
4. Mr. Niraj Bajaj has done his B. Com. from Sydenham College of Commerce & Economics, Mumbai and Masters in Business Administration from Harvard Business School, USA. He is
currently the Chairman & Managing Director of Mukand Ltd. He is also on the Board of Directors of Bajaj Auto Ltd. and various other Bajaj Group Companies. He was selected by World Economic Forum, as one of the “Global Leaders for Tomorrow”, in 1993.
5. Mr. Sanjiv Bajaj who is a mechanical engineer, has done M. Sc. from University of Warwick, UK and MBA from Harvard Business School, USA. He is currently the Managing Director of Bajaj Finserv Limited.
6. Mr. Heinz Dollberg, who has a degree in law and holds executive positions with numerous subsidiaries of Allianz, has been associated with Allianz Group for over three decades. He has been responsible for managing operations in Asia, Middle East and North Africa in collaboration with Allianz offices across the region.
7. Mr. Ranjit Gupta, who is currently working as President – Insurance, at Bajaj Finserv Limited, has Masters Degree in Mechanical & Electrical Engineering from the Indian Railway Institute of Mechanical & Electrical Engineers.
8. Mr. Kamesh Goyal, who is a science and law graduate and has also done MBA from Faculty of Management Studies, Delhi University, is an Alternate Director to Mr. Manuel Bauer. Earlier, he has been a CEO of Bajaj Allianz General Insurance Company Limited and Bajaj Allianz Life Insurance Company Limited. He is currently handling the position of Regional CEO for Asia Pacific region of Allianz.
9. Mr. S. H. Khan has Masters Degree in Commerce and is the former chairman and Managing Director of IDBI and has been associated with the promotion of several capital market institutions, including NSE, NSDL and CARE and guided their operations as Chairman in the initial years of their existence. He is also on the Board of Bajaj Finserv Limited, as an Independent Director and also the member of its Audit Committee.
10. Mr. Suraj Mehta who has honours in Economics, also serves as Non-Executive Independent Director of BPL Limited. Mr. Mehta has held key management positions in India and abroad with ANZ Grindlays Bank till the year 1994. He was the Chief Executive Officer of Dresdner Bank AG in India & was the Geographic Head for the group's four businesses which included Investment, Banking; Securities Broking and Software Development. He has also worked as the Chief Executive Officer of NABIL Bank Limited, the private sector bank in Nepal.
Annexure B to the Directors Report
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Annual Report 2010-2011Bajaj Allianz Insurance Company Ltd. I Life Director’s Report for the Financial Year ended 31st March 2011
11. Mr. Manu Tandon is a commerce graduate and Chartered Accountant, England & Wales. He retired in 2008 as Managing Director Elantas Beck India Ltd. Pune, subsidiary of Altana AG, Germany. He was Director, Finance & Corporate Affairs, BASF India Ltd, Mumbai from 1983 till 1996. He was Former Chairman of Pune Zonal Council, Confederation of Indian Industry (CII) and also former Chairman of CII National Council for Chemicals Fertilizers & Petrochemicals.
12. Mr. V. Philip who took charge as Chief Executive Officer and Managing Director of Bajaj Allianz Life Insurance Company Limited w.e.f. 1st February 2011 is a B.E. (Electronics) and also an Associate member of Institute of Risk Management, London and Insurance Institute of India, Mumbai. He has also done Post Graduate Diploma in Marketing from Symbiosis. Starting his carrier with Indian Express in August 1991, he achieved a continues success and worked as Deputy Manager with Allianz AG then as CIO & Head of Direct Marketing with Bajaj Allianz General Insurance Company Limited. He also worked as Chief Operations Officer in Bajaj Allianz Life Insurance Company Limited.
13. Dr Werner Zedelius has graduation in banking and doctorate in law. He has been with Allianz since 1987 and has held various positions in Regional Office along with the finance division at Head Office Munich. He has also done an assignment to Cornhill Insurance PLC, London. He is currently member of the Board of Management of Allianz SE for Growth Markets. He has ceased to be a Director with effect from 31st December 2010.
During the year 2010-11, the Board of Directors met four times on 7th May 2010, 30th July 2010, 8th October 2010 and 20th January 2011. Following table sets out the details of attendance of Directors at the Board meetings.
Meetings of the Board of Directors
Name of Director Category of Directorship
Meetingsattended
Sitting Fees(Amt in Rs.)
Mr. Rahul Bajaj Chairman 3/4 -Mr. Sanjiv Bajaj Director 3/4 -Mr. Niraj Bajaj Director 2/4 -Mr. Ranjit Gupta Director 4/4 -Mr. Manu Tandon Independent Director 4/4 80,000/-Mr. S. H. Khan Independent Director 4/4 1,60,000/-Mr. Sanjay Asher Independent Director 3/4 1,20,000/-Mr. Suraj Mehta Independent Director 3/4 60,000/-Mr. Heinz Dollberg Director 4/4 -#Dr. Werner Zedelius Director 1/3 -##Mr. Manuel Bauer Director 0/1 -*Mr. Kamesh Goyal Managing Director /
Alternate Director to Mr. Bauer
4/4 -
**Mr. V. Philip Managing Director 0/0 -
# Director up to 31st December 2010## Director w.e.f. 20th January 2011 * Ceased to be a Managing Director w.e.f. 31st January 2010
and appointed as Alternate Director to Mr. Bauer w.e.f. 1st February 2011
** Appointed as Managing Director w.e.f 1st February 2011
Committees of the Board of Directors: Constitution & Composition
Audit Committee, Investment Committee, Risk Management Committee and Policyholders’ Protection Committee are mandatorily required under the IRDA Guidelines have been constituted in accordance with the requirements set out therein.
Audit Committee
The Audit Committee of the Board of Directors oversees the periodic financial reporting before submission to the Board and disclosure processes, functioning of the internal audit department and reviews its plans and reports. The Audit Committee is directly responsible for the recommendation of the appointment, remuneration, performance and oversight of the work of the Internal, Statutory and Concurrent Auditors. The senior officers from the management are invited to the meetings of the Audit Committee, along with the Head of Internal Audit, who presents his reports to the Committee at every meeting thereof.
Mr. S.H. Khan, an Independent Director, the chairman of the Audit committee. Other members of the Audit Committee include Mr. Sanjay Asher, who is an Independent Director
The other members of the Committee are-
a) Mr. Heinz Dollberg b) Mr. Sanjiv Bajajc) Mr. Ranjit Guptad) Dr. Werner Zedelius – ceased to be a member w.e.f 31st
December 2010e) Mr. Manuel Bauer – appointed w.e.f. 20th January 2011
All these members of the Audit Committee are Non-executive Directors.
The Audit committee met four times during the year on 7th May 2010, 30th July 2010, 14th October 2010 and 18th January 2011. Following table sets out the particulars of attendance at various meetings:
Name of Director Meeting AttendedMr. S. H. Khan 4/4Mr. Sanjay Asher 3/4Mr. Heinz Dollberg 2/4Mr. Sanjiv Bajaj 3/4Mr. Ranjit Gupta 4/4Mr. Werner Zedelius 0/3Mr. Manuel Bauer -
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Bajaj Allianz Life Insurance Company Ltd. I IRDA Registration No.116 dated 3rd August, 2001
Investment Committee
The Investment Committee establishes the Investment Policy and operational framework for the investment operations of the Company. It periodically reviews the Investment policy based on the investment performance and the evaluation of dynamic market conditions and places it before the Board of Directors for approval.
Mr. Heinz Dollberg is the Chairman of the Investment Committee, with Mr. Sanjiv Bajaj, Mr. Ranjit Gupta and Mr. V. Philip, MD & CEO are the other Directors of the Committee. Mr. Rajesh Viswanathan, Chief Financial Officer, Mr. Sashi Krishnan, Chief Investments Officer and Mr. Anil Singh, Appointed Actuary, are the members of the Investment Committee. The Chief Risk Officer is also invited to the Investment Committee meetings.
The Investment Committee met four times during the year on 7th May 2010, 30th July 2010, 6th October 2010 and 19th January 2011. Following table sets out the particulars of attendance of members of the Investment Committee at various meetings:
Name of Member Meetings AttendedMr. Heinz Dollberg 2/4Mr. Sanjiv Bajaj 2/4Mr. Ranjit Gupta 4/4*Mr. Kamesh Goyal 4/4Mr. Rajesh Viswanathan 4/4Mr. Sashi Krishnan 4/4Mr. Anil Singh 4/4**Mr. V. Philip -
* Ceased to be a member w.e.f. 31st January 2011** Appointed w.e.f. 1st February 2011
Risk Management Committee
The Risk Management Committee oversees the functioning of the overall risk management framework of the Company and implementation of the risk management strategy. It assists the Board in effective operation of the risk management system by performing analyses and quality reviews and reports details on the risk exposures and the actions taken to manage the exposures.
Risk Management Framework of the Company
The Company perceives risk management as a means of value optimization. We also recognize the importance of internal controls and risk management in sustaining the business continuity and have endeavored to make risk management and control an essential component of our business culture. This is achieved through better understanding of the balance between risk and return in the implementation and achievement of entity
objectives. The overall risks are divided into several categories, which are further subdivided into major sub-categories. While the risk categories remain clearly distinct from each other, at the time of assessment their interdependencies are taken in to account. Covering major categories of assessable risks, independent of the assessment methodology, and quantifiability, the risk management framework encompasses practices relating to identification, assessment, monitoring and mitigation of these risks.
a) Risk Management Policy : We are committed to manage risks in line with the Company's stated risk appetite though a systematic framework which identifies, evaluates, mitigates and monitors risks that potentially have a material impact on the value of the organization or potentially hinder the organization in achieving its stated business objectives and goals.
b) Risk Management Overview Structure : A proactive risk management structure is core to the Company's overall strategic management. The supervisory level Risk Committee, convened by the Chief Risk Officer (CRO), comprises of various Heads of Departments / functions, which have been identified as the owners of respective risks. They are responsible for the implementation of risk management activities including risk mitigation plan within their respective vertical / departments or projects. This supervisory level committee establishes centralized risk monitoring and management. Through this structured process, the risk management team undertakes to provide reasonable assurance to top management on the state of risks and controls. The risk owners are responsible to review the Top Risk Assessment (TRA) during the Risk Committee Meeting. The CRO is ultimately responsible for fostering the enterprise-wide risk management function including provision of the TRA to the Risk Committee and the Risk Management Committee.
c) Risk Management Procedures : To ensure an effective integrated risk management process, the Risk Management Cycle is used as the base for identification and solution tool. Typically a Risk Management Cycle entails Operations & Monitoring risks (Risk Identification, Assessment & Control, Treatment & Management Action Plan, followed by Monitoring & Reviewing) and Controls & Compliance (Standard Operating Procedures, Internal and External Audit and Quarterly Risk Review)
The Risk Management Committee met four times during the year on 7th May 2010, 30th July 2010, 8th October 2010 and 20th January 2011. Following table sets out the particulars of composition and attendance of members of the Risk Management Committee at various meetings:
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Annual Report 2010-2011Bajaj Allianz Insurance Company Ltd. I Life Director’s Report for the Financial Year ended 31st March 2011
* - Ceased to be a member w.e.f. 31st January 2011** - Appointed w.e.f. 1st February 2011
Policyholders’ Protection Committee
The Policyholders’ Protection Committee of the Board of Directors has been formed in compliance with the requirements of the Guidelines, with responsibility to put in place proper procedures and effective mechanism to address complaints and grievances of policyholders including mis-selling by intermediaries and ensuring compliance with the statutory requirements. The Policyholders’ Protection Committee reviews the Grievance Redressal Mechanism and the status of complaints at periodic intervals.
Name of Director Meetings AttendedMr. Heinz Dollberg 4/4Mr. Sanjiv Bajaj 3/4Mr. Ranjit Gupta 4/4*Mr. Kamesh Goyal 4/4**Mr. V. Philip -
Name of Director Meetings AttendedMr. Sanjiv Bajaj 3/4Mr. Heinz Dollberg 4/4Mr. Ranjit Gupta 4/4*Mr. Kamesh Goyal 4/4**Mr. V. Philip -
* Ceased to be a member w.e.f. 31st January 2011** Appointed w.e.f. 1st February 2011
Mr. Sanjiv Bajaj is the Chairman of the Policyholders’ Protection Committee, with Mr. Heinz Dollberg, Mr. Ranjit Gupta and Mr. V Philip, MD & CEO, are the other members. Mr. Rajesh Viswanathan, Chief Financial Officer,is also invited to the Policyholders’ Protection Committee meetings.
The Policyholders’ Protection Committee met four times during the year on 7th May 2010, 30th July 2010, 8th October 2010 and 20th January 2011. Following table sets out the particulars of attendance of members of the Policyholders’ Protection Committee at various meetings:
“Certification for compliance of the Corporate Governance Guidelines” I, Sameer Bakshi hereby certify that the company has complied with the corporate governance guidelines for Insurance Companies as amended from time to time and nothing has been concealed or suppressed.
Sameer BakshiCompany Secretary and Head – Legal and Compliance
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Bajaj Allianz Life Insurance Company Ltd. I IRDA Registration No.116 dated 3rd August, 2001
Management Report
With respect to the operations of Bajaj Allianz Life Insurance Company Limited ('the Company') for the financial year 1 April 2010 to 31 March 2011 and results thereof, the Management of the Company confirms and declares that:
1. The registration certificate granted by Insurance Regulatory and Development Authority (IRDA) is valid and the same has been renewed for the year 2011 - 2012.
2. All dues payable to the statutory authorities have been duly paid except those disclosed under contingent liabilities in the notes to the accounts forming part of financial statements.
3. There has been no transfer of shares during the year and the shareholding pattern is in accordance with the statutory and regulatory requirement.
4. The Management has not directly or indirectly invested outside India, the funds of the holders of policies issued in India.
5. The required solvency margins have been maintained as required by the IRDA regulations.
6. We certify that the values of all the assets have been reviewed on the date of Balance Sheet and in the Management's belief, the assets set forth under each of the headings in the Balance Sheet are shown in the aggregate at amounts not exceeding their realizable or market value under their related headings - “Loans”, “Investments”, “Outstanding Premiums”, “Income accrued on investments”, “Amounts due from other entities carrying on insurance business (including amounts due from reinsurers)”, “Cash” and the several items specified under “Advances” and “Other Accounts”.
Market value of investment in debt securities (other than unit linked funds) which are valued at amortized cost as per IRDA regulations is lower by Rs.298,138 thousands. The lower market value is attributable to the sharp rise in yields during the year.
7. We certify that, no part of the life insurance fund has been directly or indirectly applied in contravention of the Insurance Act, 1938 (4 of 1938) relating to the application and investment of the life insurance fund.
8. The Company recognizes the risks associated with the life insurance business and manages the risks by adopting prudent policies to counter the key risks of the Company – namely underwriting and investment risks.
The Company has established robust underwriting procedures to mitigate underwriting risks. Additionally the
Company has entered into reinsurance arrangements wherein it reinsures risk in excess of its retention limits to mitigate its risk exposure.
The investment risk is managed by laying down appropriate guidelines in the Investment Policy. The Investment Policy is formulated by the Investment Committee and approved by the Board of Directors. The Investment Policy is reviewed for alignment with the Company's latest business plan and other developments during the year.
9. The Company does not have operations in any other country.
10. Average claim settlement time from the date of receipt of complete requirement from the claimant to dispatch of claim payment for the current year and previous five financial years are given below:
Period Average claim settlement time (in days)
2010-11 112009-10 72008-09 72007-08 72006-07 7
2005-06 7
Ageing of claims registered and not settled is given below :
For Linked BusinessRs. In lakhs
PeriodCurrent Year Previous Year
No. of Claims
Amount No. of Claims
Amount
Less than 30 Days 505 1,013 618 1,091 30 days to 6 months 484 836 779 1,523 6 months to 1 year 235 387 248 649 1 year to 5 years 571 1,216 260 528 5 years and above 5 7 2 10 Total for the Period 1,800 3,459 1,907 3,801
For Traditional BusinessRs. In lakhs
PeriodCurrent Year Previous Year
No. of Claims Amount No. of
Claims Amount
Less than 30 Days 603 596 629 362 30 days to 6 months 327 439 1,009 546 6 months to 1 year 91 111 490 332 1 year to 5 years 207 463 249 286 5 years and above 8 26 7 11 Total for the Period 1,236 1,635 2,384 1,537
Fixed Income Securities in the form of Government of India securities or Corporate Bonds with strong credit rating, a small portion is also invested in Equity Shares. Based on the past track record, the Management is confident of the quality and performance of the investments.
13. The Management of Bajaj Allianz Life Insurance Company Limited certifies that:
a) The financial statements of Bajaj Allianz Life Insurance Company Limited have been prepared in accordance with the applicable accounting standards and principles and policies with no material departures;
b) The Management has adopted accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of the affairs of the Company at the end of the financial year and of the operating profit as per Policyholders' Account (Technical Account) and of the profit as per Shareholders' Account (Non Technical Account) of the Company for the year;
c) The Management has taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the applicable provisions of the Insurance Act, 1938 (4 of 1938) and Companies Act, 1956 (1 of 1956), for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;
d) The financial statements have been prepared on a going concern basis;
e) The Company has an internal audit system commensurate with the size of the Company and nature of the business.
14. The following are the payments made to individuals, firms, companies and organizations in which the Directors of the Company are interested:
11
Annual Report 2010-2011
11. We certify that the values, as shown in the Balance Sheet, of the investments (other than unit linked investments), which consist of fixed income securities, equity shares and mutual fund units, have been valued as per accounting policies prescribed by IRDA. Market values have been ascertained for equities on the basis of lower of the closing prices as on the balance sheet date on The National Stock Exchange of India Ltd. (NSE) and The Bombay Stock Exchange Ltd., Mumbai (BSE). For fixed income securities, valuation is based on procedure issued by Fixed Income and Money Market and Derivative Dealers Association of India (FIMMDA). The investments in the Mutual Funds are valued at the Net Asset Values (NAV) of these Mutual Funds as on the Balance Sheet date.
We certify that the unit linked investments have been valued on the basis as stated below:
Equities have been valued at market values, which have been ascertained on the basis of the last quoted closing price on the NSE. In case the equity shares are not listed on the NSE, then they are valued on the last quoted closing price on BSE. Unlisted shares are stated at historical cost subject to provision for diminution, if any, in the value of such investment. Government securities are valued at prices obtained from Credit Rating Information Services of India Ltd. (CRISIL). Corporate bonds and debentures are valued on the basis of CRISIL Bond Valuer. Treasury bills, certificate of deposits and commercial papers are valued at cost plus accretion. Mutual fund units have been valued at the last available Net Asset Value declared by the respective mutual fund.
12. The Company has invested (other than unit linked funds) mainly in approved Government securities and AAA and AA+ rated bonds. The primary aim while investing is to generate adequate return while minimizing risk. The emphasis is also on the liquidity of investments to ensure that the Company meets all outgoings related to claims and other operations. While most of the investments are in
Bajaj Allianz Life Insurance Company Ltd. I Management Report for the Financial Year ended 31st March 2011
Name of the Director / Shareholder
Entity in which Director is interested
Interested as Amount of Payment during the Financial Year 2010-11 (Rs. In Lakh)
Mr. Rahul BajajMr. Sanjiv BajajMr. S. H. Khan
Bajaj Finserv Ltd. DirectorDirectorDirector
112.50
Mr. Rahul BajajMr. Sanjiv Bajaj
Bajaj Finance Ltd. (Earlier known as Bajaj Auto Finance Ltd.)
DirectorDirector
3,781.70
12
Bajaj Allianz Life Insurance Company Ltd. I IRDA Registration No.116 dated 3rd August, 2001
Name of the Director/Shareholder
Entity in which Director is interested
Interested as Amount of Payment during the FY 2010-11 (Rs.In Lakh)
Mr. Rahul BajajMr. Sanjiv Bajaj Mr. Niraj Bajaj Mr.Heinz DollbergMr.Kamesh Goyal Mr. Ranjit GuptaMr. Sanjay AsherMr. S. H. KhanMr. Manu TandonMr. Suraj MehtaMr. Manuel Bauer
Bajaj Allianz General Insurance Company Ltd.
DirectorDirectorDirectorDirectorAlternate DirectorDirectorDirectorDirectorDirectorDirectorDirector
1,072.71
Mr. Rahul Bajaj
Mr. Niraj Bajaj
Bajaj Electricals Ltd. S h a r e h o l d i n g exceeds 2%S h a r e h o l d i n g exceeds 2%
9.75
Mr.Heinz DollbergMr.Ranjit GuptaMr.Kamesh Goyal
Bajaj Allianz Financial Distributors Ltd.
DirectorDirectorDirector
4,170.64
Allianz SE Allianz Investment Management Singapore Pte. Ltd.
100% Subsidiary of Allianz SE
380.00
Mr. Rahul BajajMr. Sanjiv Bajaj Mr. Niraj BajajMr. S. H. Khan
Bajaj Auto Ltd. DirectorDirectorDirectorDirector
994.12
Mr. Kamesh GoyalAllianz SE
Allianz Insurance Management Asia Pacific Pte. Ltd.
Director100% Subsidiary of Allianz SE
1.76
Mr. Rahul Bajaj Hind Musafir Agency Limited Shareholding exceeds 2%
0.45
For Bajaj Allianz Life Insurance Company Limited
Rahul Bajaj Heinz DollbergChairman Director
Niraj Bajaj Sanjiv Bajaj Kamesh GoyalDirector Director Alternate Director
Ranjit Gupta S. H. Khan Suraj MehtaDirector Director Director
Manu Tandon V. Philip Rajesh ViswanathanDirector Managing Director & Chief Financial Officer
Chief Executive Officer
Anil Singh Sameer BakshiAppointed Actuary Company Secretary and
Head – Legal & Compliance
Place : PuneDate : 6th May 2011
13
Annual Report 2010-2011Bajaj Allianz Insurance Company Ltd. I Life Auditors' Report
Auditors' Report
To the Members of Bajaj Allianz Life Insurance Company Limited
1. We have audited the attached Balance Sheet of Bajaj Allianz Life Insurance Company Limited ('the Company') as at 31 March 2011, the related Policyholders' Revenue Account, the Shareholders' Profit and Loss Account and the Receipts and Payments Account for the year ended on that date annexed thereto, which we have signed under reference to this report. These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on these financial statements based on our audit.
2. We conducted our audit in accordance with auditing standards generally accepted in India. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.
3. The Balance Sheet, the Policyholders' Revenue Account, the Shareholders' Profit and Loss Account and the Receipts and Payments Account have been drawn up in accordance with the Insurance Act, 1938 (Act 4 of 1938), Insurance Regulatory and Development Act, 1999, Insurance Regulatory and Development Authority (Preparation of Financial Statements and Auditor's Report of Insurance Companies) Regulations 2002 ('the Regulations') read with Section 211 of the Companies Act, 1956.
4. As required by the Regulations, we set out in the Annexure, a statement certifying the matters specified in paragraph 4 of Schedule C to the Regulations.
5. Further to our comments in the Annexure referred to above, we report that:
a) We have obtained all the information and explanations, which to the best of our knowledge and belief were necessary for the purposes of the audit and have found them to be satisfactory;
b) In our opinion and to the best of our information and according to the explanations given to us, proper books of account as required by law have been maintained by the Company, so far as appears from our examination of those books;
c) As the Company's financial accounting system is centralized at head office, no returns for the purposes of our audit are prepared at the branches and other offices of the Company;
d) The Balance Sheet, the Policyholders' Revenue Account, the Shareholders' Profit and Loss Account and the Receipts and Payments Account dealt with by this report are in agreement with the books of account;
e) The actuarial valuation of liabilities for life policies in force is the responsibility of the Company's Appointed Actuary ('the Appointed Actuary'). The actuarial valuation of these liabilities as at 31 March 2011 has been duly certified by the Appointed Actuary. The Appointed Actuary has also certified in his opinion, the assumptions for such valuation are in accordance with the guidelines and norms, if any, issued by the Insurance Regulatory Development Authority ('IRDA') ('Authority') and the Actuarial Society of India in concurrence with the Authority. We have relied upon Appointed Actuary's certificate in this regard for forming our opinion on the financial statements of the Company;
f) On the basis of written representations received from the Directors of the Company, as on 31 March 2011 and taken on record by the Board of Directors, none of the Directors is disqualified as on 31 March 2011 from being appointed as a Director in terms of clause (g) of sub-section (1) of Section 274 of the Companies Act, 1956.
6. In our opinion and to the best of our information and according to the explanations given to us, we further report that:
a) The Investments have been valued in accordance with the provisions of the Insurance Act, 1938, the Regulations and / or orders / directions issued by IRDA in this regard;
b) The accounting policies selected by the Company are appropriate and are in compliance with the applicable Accounting Standards referred to in sub-section (3C) of section 211 of the Companies Act, 1956 and the Rules framed there under and with the accounting principles as prescribed in the Insurance Regulatory and Development Authority (Preparation of Financial Statements and Auditor's Report of Insurance Companies) Regulations, 2002, ('the Regulations') and orders / directions issued by IRDA in this behalf;
c) The Balance sheet, the Policyholders' Revenue Account, the Shareholders' Profit and Loss Account and the Receipts and Payments Account dealt with by this report comply with the Accounting Standards referred
14
Bajaj Allianz Life Insurance Company Ltd. I IRDA Registration No.116 dated 3rd August, 2001
to in sub-section (3C) of section 211 of the Companies Act, 1956 and the Rules framed there under to the extent they are not inconsistent with the accounting principles prescribed in the Regulations and orders / directions issued by IRDA in this regard;
7. In our opinion and to the best of our information and according to the explanations given to us, the said financial statements together with the notes thereon and attached thereto are prepared in accordance with the requirements of the Regulations, the Insurance Act, 1938, the Insurance Regulatory and Development Authority Act, 1999 and the Companies Act, 1956, to the extent applicable and in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India as applicable to insurance companies:
i. in the case of the Balance Sheet, of the state of affairs of the Company as at 31 March 2011;
ii. in the case of Policyholders' Revenue Account, of the net surplus for the year ended on that date;
iii. in the case of Shareholders' Profit and Loss account, of the profit for the year ended on that date; and
iv. in the case of the Receipts and Payments Account, of the receipts and payments for the year ended on that date.
8. Further, on the basis of our examination of books of account and other records of the Company and according to the information and explanations given to us, we certify to the best of our knowledge and belief that:
a) We have reviewed the Management Report attached to the financial statements for the year ended 31 March 2011, and have found no apparent mistake or material inconsistencies with the financial statements; and
b) Based on information and explanations received during normal course of the audit, management's representations made to us and the compliance certificates submitted to the Board by the officers of the Company charged with compliance and the same being noted by the Board, nothing has come to our attention which causes us to believe that the Company has not complied with the terms and conditions of registration as per subsection 4 of section 3 of the Insurance Act, 1938.
For Dalal & Shah For B S R & Co.Chartered Accountants Chartered AccountantsFirm's Registration No. 102021W Firm's Registration No. 101248W
Anish Amin Juzer MiyajiwalaPartner PartnerMembership No. 40451 Membership No. 47483
Place : Pune Place : PuneDate : 06th May 2011 Date : 06th May 2011
15
Annual Report 2010-2011Bajaj Allianz Insurance Company Ltd. I Life Auditors' Report for the Financial Year ended 31st March 2011
Annexure to the Auditors' Report
Auditors' Certificate
(Referred to in the Auditors' Report to the members of Bajaj Allianz Life Insurance Company Limited ('the Company') on the accounts for the year ended 31 March 2011)
To the Members of Bajaj Allianz Life Insurance Company Limited
In accordance with the information and explanations given to us and to the best of our knowledge and belief and based on our examination of the books of account and other records maintained by Bajaj Allianz Life Insurance Company Limited ('the Company') for the year ended 31 March 2011, we certify that:
1. We have verified the cash balances, to the extent considered necessary, and securities relating to the Company's loans and investments as at 31 March 2011 by actual inspection or on the basis of certificates / confirmations received from the Custodian appointed by the Company, as the case may be. As at 31 March 2011, none of the Company's assets involve reversion or life interests;
2. The Company is not a trustee of any trust; and
3. No part of the assets of the Policyholders' Funds has been directly or indirectly applied in contravention to the provisions of the Insurance Act, 1938, relating to the application and investments of the Policyholders' Funds.
This certificate is issued to comply with Schedule C of the Insurance Regulatory and Development Authority (Preparation of Financial Statements and Auditor's Report of Insurance Companies) Regulations 2002, ('the Accounting Regulations') read with Regulation 3 of the Accounting Regulations and may not be suitable for any other purpose.
For Dalal & Shah For B S R & Co.Chartered Accountants Chartered AccountantsFirm's Registration No. 102021W Firm's Registration No. 101248W
Anish Amin Juzer MiyajiwalaPartner PartnerMembership No. 40451 Membership No. 47483
Place : Pune Place : PuneDate : 06th May 2011 Date : 06th May 2011
16
Bajaj Allianz Life Insurance Company Ltd. I IRDA Registration No.116 dated 3rd August, 2001
17
Annual Report 2010-2011Bajaj Allianz Life Insurance Company Ltd. I Revenue Account for the year ended 31st March 2011
(Amount in Rs. '000)
Particulars Schedule Current Year Participating Non Participating Linked
Individual Individual Individual Individual Individual Group Individual Individual Group Assurance Pension Assurance Health Annuity Assurance Assurance Pension
Revenue Account for the year ended 31st March 2011Policyholders' Account (Technical Account)
PREMIUMS EARNED - Net
INCOME FROM INVESTMENTS
OTHER INCOME
COMMISSIONOPERATING EXPENSES RELATED TO INSURANCE BUSINESS
BENEFIT PAID (Net)
SURPLUS / (DEFICIT ) (D) = (A) - (B) - (C)
APPROPRIATIONS
DETAILS OF TOTAL SURPLUS
(a) Premium 1 96,099,487 11,040,604 60,236 4,793,074 289,547 116,773 5,932,720 63,786,160 5,277,101 4,803,272 (b) Reinsurance ceded (Refer Schedule 16 Note 16) (347,698) (42,498) (698) (14,846) (82,153) - (54,542) (151,083) (603) (1,275)(c) Reinsurance accepted - - - - - - - - - -
SUB-TOTAL 95,751,789 10,998,106 59,538 4,778,228 207,394 116,773 5,878,178 63,635,077 5,276,498 4,801,997
(a) Interest, Dividend & Rent - Gross 9,378,252 1,520,909 35,578 137,863 15,961 19,828 451,829 6,445,793 414,255 336,236 (b) Profit on sale / redemption of investments 32,226,636 30,799 1,270 4,698 2,347 613 10,385 30,349,883 1,632,344 194,297 (c) (Loss on sale / redemption of investments) (3,826,512) (20,086) (259) (1,483) (2) (394) (6,765) (3,410,303) (260,354) (126,866)(d) Transfer / Gain on revaluation / change in fair value (1,405,265) - - - - - - (1,712,363) 191,737 115,361 (e) Other investment income 2,750,548 - - - - - - 2,528,991 152,722 68,835
39,123,659 1,531,622 36,589 141,078 18,306 20,047 455,449 34,202,001 2,130,704 587,863 86,869 66,489 866 1,390 261 28 969 11,083 4,617 1,166
Contribution from the Shareholders' account 316,720 - - - - 11,874 - - 304,846 - (Refer Schedule 16 Note 15)
SUB-TOTAL 39,527,248 1,598,111 37,455 142,468 18,567 31,949 456,418 34,213,084 2,440,167 589,029
TOTAL (A) 135,279,037 12,596,217 96,993 4,920,696 225,961 148,722 6,334,596 97,848,161 7,716,665 5,391,026
2 6,164,741 1,982,309 1,252 1,100,408 45,770 650 189,383 2,548,714 167,465 128,790 3 16,065,847 3,153,289 7,649 1,664,590 27,378 2,447 247,481 9,294,008 1,042,442 626,563
Provision for doubtful debts - - - - - - - - - - Bad Debts written off - - - - - - - - - - Provision for Income Tax 1,923,860 43,354 - 61,753 8,681 - 46,850 1,741,671 - 21,551 Provisions (other than taxation)(a) For diminution in the value of investments (net) - - - - - - - - - - (b) Others - - - - - - - - - -
TOTAL (B) 24,154,448 5,178,952 8,901 2,826,751 81,829 3,097 483,714 13,584,393 1,209,907 776,904 4 49,846,683 835,374 19,420 153,338 86,728 17,461 2,127,776 43,673,877 2,205,110 727,599
Interim Bonuses Paid 19,558 14,663 1,938 2,957 - - - - - - Change in valuation of liability in respect of life policies in force (Refer Schedule 16 Note 1(e) and Note 8)(a) Gross 8,153,271 6,306,295 61,155 1,560,022 3,463 128,164 3,410,206 (3,143,749) (177,933) 5,648 (b) Fund Reserve (Refer Schedule 16 Note 1(e) ) 44,695,551 - - - - - - 36,468,331 4,479,581 3,747,639 (c) Amount ceded in Re-insurance - - - - - - - - - - (d) Amount accepted in Re-insurance - - - - - - - - - -
TOTAL (C) 102,715,063 7,156,332 82,513 1,716,317 90,191 145,625 5,537,982 76,998,459 6,506,758 4,480,886 8,409,526 260,933 5,579 377,628 53,941 - 312,900 7,265,309 - 133,236
Balance of previous year 1,023,664 994,530 29,134 - - - - - - -
Transfer (to) / from reserve for lapsed unit linked policies unlikely to be revived 1,105,581 - - - - - - 1,105,581 - - (Refer Schedule 16 Note 1(e) and Note 8)Transfer to Shareholders' account (9,355,074) (105,170) (1,309) (377,628) (53,941) - (312,900) (8,370,890) - (133,236)Balance being funds for future appropriations 1,183,697 1,150,293 33,404 - - - - - - -
Interim Bonuses Paid (a) 19,558 14,663 1,938 2,957 - - - - - - Allocation of Bonus to policyholders (b) 958,308 946,530 11,778 - - - - - - - Surplus shown in the Revenue Account (c) 8,409,526 260,933 5,579 377,628 53,941 - 312,900 7,265,309 - 133,236
Total Surplus [ (a)+ (b)+ (c) ] 9,387,392 1,222,126 19,295 380,585 53,941 - 312,900 7,265,309 - 133,236
16
Bajaj Allianz Life Insurance Company Ltd. I IRDA Registration No.116 dated 3rd August, 2001
17
Annual Report 2010-2011Bajaj Allianz Life Insurance Company Ltd. I Revenue Account for the year ended 31st March 2011
(Amount in Rs. '000)
Particulars Schedule Current Year Participating Non Participating Linked
Individual Individual Individual Individual Individual Group Individual Individual Group Assurance Pension Assurance Health Annuity Assurance Assurance Pension
Revenue Account for the year ended 31st March 2011Policyholders' Account (Technical Account)
PREMIUMS EARNED - Net
INCOME FROM INVESTMENTS
OTHER INCOME
COMMISSIONOPERATING EXPENSES RELATED TO INSURANCE BUSINESS
BENEFIT PAID (Net)
SURPLUS / (DEFICIT ) (D) = (A) - (B) - (C)
APPROPRIATIONS
DETAILS OF TOTAL SURPLUS
(a) Premium 1 96,099,487 11,040,604 60,236 4,793,074 289,547 116,773 5,932,720 63,786,160 5,277,101 4,803,272 (b) Reinsurance ceded (Refer Schedule 16 Note 16) (347,698) (42,498) (698) (14,846) (82,153) - (54,542) (151,083) (603) (1,275)(c) Reinsurance accepted - - - - - - - - - -
SUB-TOTAL 95,751,789 10,998,106 59,538 4,778,228 207,394 116,773 5,878,178 63,635,077 5,276,498 4,801,997
(a) Interest, Dividend & Rent - Gross 9,378,252 1,520,909 35,578 137,863 15,961 19,828 451,829 6,445,793 414,255 336,236 (b) Profit on sale / redemption of investments 32,226,636 30,799 1,270 4,698 2,347 613 10,385 30,349,883 1,632,344 194,297 (c) (Loss on sale / redemption of investments) (3,826,512) (20,086) (259) (1,483) (2) (394) (6,765) (3,410,303) (260,354) (126,866)(d) Transfer / Gain on revaluation / change in fair value (1,405,265) - - - - - - (1,712,363) 191,737 115,361 (e) Other investment income 2,750,548 - - - - - - 2,528,991 152,722 68,835
39,123,659 1,531,622 36,589 141,078 18,306 20,047 455,449 34,202,001 2,130,704 587,863 86,869 66,489 866 1,390 261 28 969 11,083 4,617 1,166
Contribution from the Shareholders' account 316,720 - - - - 11,874 - - 304,846 - (Refer Schedule 16 Note 15)
SUB-TOTAL 39,527,248 1,598,111 37,455 142,468 18,567 31,949 456,418 34,213,084 2,440,167 589,029
TOTAL (A) 135,279,037 12,596,217 96,993 4,920,696 225,961 148,722 6,334,596 97,848,161 7,716,665 5,391,026
2 6,164,741 1,982,309 1,252 1,100,408 45,770 650 189,383 2,548,714 167,465 128,790 3 16,065,847 3,153,289 7,649 1,664,590 27,378 2,447 247,481 9,294,008 1,042,442 626,563
Provision for doubtful debts - - - - - - - - - - Bad Debts written off - - - - - - - - - - Provision for Income Tax 1,923,860 43,354 - 61,753 8,681 - 46,850 1,741,671 - 21,551 Provisions (other than taxation)(a) For diminution in the value of investments (net) - - - - - - - - - - (b) Others - - - - - - - - - -
TOTAL (B) 24,154,448 5,178,952 8,901 2,826,751 81,829 3,097 483,714 13,584,393 1,209,907 776,904 4 49,846,683 835,374 19,420 153,338 86,728 17,461 2,127,776 43,673,877 2,205,110 727,599
Interim Bonuses Paid 19,558 14,663 1,938 2,957 - - - - - - Change in valuation of liability in respect of life policies in force (Refer Schedule 16 Note 1(e) and Note 8)(a) Gross 8,153,271 6,306,295 61,155 1,560,022 3,463 128,164 3,410,206 (3,143,749) (177,933) 5,648 (b) Fund Reserve (Refer Schedule 16 Note 1(e) ) 44,695,551 - - - - - - 36,468,331 4,479,581 3,747,639 (c) Amount ceded in Re-insurance - - - - - - - - - - (d) Amount accepted in Re-insurance - - - - - - - - - -
TOTAL (C) 102,715,063 7,156,332 82,513 1,716,317 90,191 145,625 5,537,982 76,998,459 6,506,758 4,480,886 8,409,526 260,933 5,579 377,628 53,941 - 312,900 7,265,309 - 133,236
Balance of previous year 1,023,664 994,530 29,134 - - - - - - -
Transfer (to) / from reserve for lapsed unit linked policies unlikely to be revived 1,105,581 - - - - - - 1,105,581 - - (Refer Schedule 16 Note 1(e) and Note 8)Transfer to Shareholders' account (9,355,074) (105,170) (1,309) (377,628) (53,941) - (312,900) (8,370,890) - (133,236)Balance being funds for future appropriations 1,183,697 1,150,293 33,404 - - - - - - -
Interim Bonuses Paid (a) 19,558 14,663 1,938 2,957 - - - - - - Allocation of Bonus to policyholders (b) 958,308 946,530 11,778 - - - - - - - Surplus shown in the Revenue Account (c) 8,409,526 260,933 5,579 377,628 53,941 - 312,900 7,265,309 - 133,236
Total Surplus [ (a)+ (b)+ (c) ] 9,387,392 1,222,126 19,295 380,585 53,941 - 312,900 7,265,309 - 133,236
18 19
Annual Report 2010-2011Bajaj Allianz Life Insurance Company Ltd. I IRDA Registration No.116 dated 3rd August, 2001 Bajaj Allianz Life Insurance Company Ltd. I Revenue Account for the year ended 31st March 2011
(Amount in Rs. '000)
Particulars Schedule Previous Year Participating Non Participating Linked
Individual Individual Individual Individual Individual Group Individual Individual Group Assurance Pension Assurance Health Annuity Assurance Assurance Pension
Revenue Account for the year ended 31st March 2011Policyholders' Account (Technical Account)
PREMIUMS EARNED - Net
INCOME FROM INVESTMENTS
OTHER INCOME
COMMISSIONOPERATING EXPENSES RELATED TO INSURANCE BUSINESS
BENEFIT PAID (Net)
SURPLUS / (DEFICIT ) (D) = (A) - (B) - (C)
APPROPRIATIONS
DETAILS OF TOTAL SURPLUS
(a) Premium 1 114,197,137 4,975,083 58,860 1,784,700 306,614 85,237 4,133,973 93,880,536 6,705,348 2,266,786 (b) Reinsurance ceded (Refer Schedule 16 Note 16) (283,480) (35,890) (671) (7,736) (83,846) - (27,261) (127,809) (267) - (c) Reinsurance accepted - - - - - - - - - -
SUB-TOTAL 113,913,657 4,939,193 58,189 1,776,964 222,768 85,237 4,106,712 93,752,727 6,705,081 2,266,786
(a) Interest, Dividend & Rent - Gross 6,453,796 1,149,554 31,298 36,589 21,078 10,067 187,571 4,563,525 240,742 213,372 (b) Profit on sale / redemption of investments 31,839,212 10,457 20 187 135 99 16,465 29,820,469 1,771,045 220,335 (c) (Loss on sale / redemption of investments) (4,970,086) (476) - (20) - - (6) (4,638,975) (284,957) (45,652)(d) Transfer / Gain on revaluation / change in fair value 64,347,447 - - - - - - 61,482,287 2,848,566 16,594 (e) Other investment income 1,631,794 - - - - - - 1,483,047 91,975 56,772
99,302,163 1,159,535 31,318 36,756 21,213 10,166 204,030 92,710,353 4,667,371 461,421 281,565 49,018 364 1,638 382 10 287 191,954 37,860 52
Contribution from the Shareholders' account 694,463 - - 185,031 - - - - 509,432 - (Refer Schedule 16 Note 15)
SUB-TOTAL 100,278,191 1,208,553 31,682 223,425 21,595 10,176 204,317 92,902,307 5,214,663 461,473
TOTAL (A) 214,191,848 6,147,746 89,871 2,000,389 244,363 95,413 4,311,029 186,655,034 11,919,744 2,728,259 2 9,625,696 602,688 928 567,350 50,210 327 369,845 7,677,895 327,624 28,829 3 17,716,252 701,396 4,946 553,129 37,715 1,340 182,187 14,920,561 1,271,315 43,663
Provision for doubtful debts - - - - - - - - - - Bad Debts written off - - - - - - - - - -Provision for Income Tax 653,127 21,572 - - 6,843 - - 620,796 - 3,916 Provisions (other than taxation)(a) For diminution in the value of investments (net) - - - - - - - - - - (b) Others - - - - - - - - - -
TOTAL (B) 27,995,075 1,325,656 5,874 1,120,479 94,768 1,667 552,032 23,219,252 1,598,939 76,408 4 26,301,986 761,147 29,806 85,226 54,633 7,622 806,308 23,013,128 1,253,189 290,927
Interim Bonuses Paid 10,358 10,358 - - - - - - - - Change in valuation of liability in respect of life policies in force (Refer Schedule 16 Note 1(e) and Note 8)(a) Gross 12,295,197 3,921,064 25,776 838,648 54,300 82,561 2,949,402 4,168,961 254,811 (326)(b) Fund Reserve (Refer Schedule 16 Note 1(e) ) 143,493,156 - - - - - - 132,350,663 8,812,805 2,329,688 (c) Amount ceded in Re-insurance - - - - - - - - - - (d) Amount accepted in Re-insurance - - - - - - - - - -
TOTAL (C) 182,100,697 4,692,569 55,582 923,874 108,933 90,183 3,755,710 159,532,752 10,320,805 2,620,289 4,096,076 129,521 28,415 (43,964) 40,662 3,563 3,287 3,903,030 - 31,562
Balance of previous year 1,071,987 918,099 1,860 43,964 94,719 2,708 9,996 - - 641
Transfer (to) / from reserve for lapsed unit linked policies unlikely to be revived 1,100,363 - - - - - - 1,100,363 - - (Refer Schedule 16 Note 1(e) and Note 8)Transfer to Shareholders' account (5,244,762) (53,090) (1,141) - (135,381) (6,271) (13,283) (5,003,393) - (32,203)Balance being funds for future appropriations 1,023,664 994,530 29,134 - - - - - - -
Interim Bonuses Paid (a) 10,358 10,358 - - - - - - - - Allocation of Bonus to policyholders (b) 488,078 477,813 10,265 - - - - - - - Surplus shown in the Revenue Account (c) 4,096,076 129,521 28,415 (43,964) 40,662 3,563 3,287 3,903,030 - 31,562
Total Surplus [ (a)+ (b)+ (c) ] 4,594,512 617,692 38,680 (43,964) 40,662 3,563 3,287 3,903,030 - 31,562
18 19
Annual Report 2010-2011Bajaj Allianz Life Insurance Company Ltd. I IRDA Registration No.116 dated 3rd August, 2001 Bajaj Allianz Life Insurance Company Ltd. I Revenue Account for the year ended 31st March 2011
(Amount in Rs. '000)
Particulars Schedule Previous Year Participating Non Participating Linked
Individual Individual Individual Individual Individual Group Individual Individual Group Assurance Pension Assurance Health Annuity Assurance Assurance Pension
Revenue Account for the year ended 31st March 2011Policyholders' Account (Technical Account)
PREMIUMS EARNED - Net
INCOME FROM INVESTMENTS
OTHER INCOME
COMMISSIONOPERATING EXPENSES RELATED TO INSURANCE BUSINESS
BENEFIT PAID (Net)
SURPLUS / (DEFICIT ) (D) = (A) - (B) - (C)
APPROPRIATIONS
DETAILS OF TOTAL SURPLUS
(a) Premium 1 114,197,137 4,975,083 58,860 1,784,700 306,614 85,237 4,133,973 93,880,536 6,705,348 2,266,786 (b) Reinsurance ceded (Refer Schedule 16 Note 16) (283,480) (35,890) (671) (7,736) (83,846) - (27,261) (127,809) (267) - (c) Reinsurance accepted - - - - - - - - - -
SUB-TOTAL 113,913,657 4,939,193 58,189 1,776,964 222,768 85,237 4,106,712 93,752,727 6,705,081 2,266,786
(a) Interest, Dividend & Rent - Gross 6,453,796 1,149,554 31,298 36,589 21,078 10,067 187,571 4,563,525 240,742 213,372 (b) Profit on sale / redemption of investments 31,839,212 10,457 20 187 135 99 16,465 29,820,469 1,771,045 220,335 (c) (Loss on sale / redemption of investments) (4,970,086) (476) - (20) - - (6) (4,638,975) (284,957) (45,652)(d) Transfer / Gain on revaluation / change in fair value 64,347,447 - - - - - - 61,482,287 2,848,566 16,594 (e) Other investment income 1,631,794 - - - - - - 1,483,047 91,975 56,772
99,302,163 1,159,535 31,318 36,756 21,213 10,166 204,030 92,710,353 4,667,371 461,421 281,565 49,018 364 1,638 382 10 287 191,954 37,860 52
Contribution from the Shareholders' account 694,463 - - 185,031 - - - - 509,432 - (Refer Schedule 16 Note 15)
SUB-TOTAL 100,278,191 1,208,553 31,682 223,425 21,595 10,176 204,317 92,902,307 5,214,663 461,473
TOTAL (A) 214,191,848 6,147,746 89,871 2,000,389 244,363 95,413 4,311,029 186,655,034 11,919,744 2,728,259 2 9,625,696 602,688 928 567,350 50,210 327 369,845 7,677,895 327,624 28,829 3 17,716,252 701,396 4,946 553,129 37,715 1,340 182,187 14,920,561 1,271,315 43,663
Provision for doubtful debts - - - - - - - - - - Bad Debts written off - - - - - - - - - -Provision for Income Tax 653,127 21,572 - - 6,843 - - 620,796 - 3,916 Provisions (other than taxation)(a) For diminution in the value of investments (net) - - - - - - - - - - (b) Others - - - - - - - - - -
TOTAL (B) 27,995,075 1,325,656 5,874 1,120,479 94,768 1,667 552,032 23,219,252 1,598,939 76,408 4 26,301,986 761,147 29,806 85,226 54,633 7,622 806,308 23,013,128 1,253,189 290,927
Interim Bonuses Paid 10,358 10,358 - - - - - - - - Change in valuation of liability in respect of life policies in force (Refer Schedule 16 Note 1(e) and Note 8)(a) Gross 12,295,197 3,921,064 25,776 838,648 54,300 82,561 2,949,402 4,168,961 254,811 (326)(b) Fund Reserve (Refer Schedule 16 Note 1(e) ) 143,493,156 - - - - - - 132,350,663 8,812,805 2,329,688 (c) Amount ceded in Re-insurance - - - - - - - - - - (d) Amount accepted in Re-insurance - - - - - - - - - -
TOTAL (C) 182,100,697 4,692,569 55,582 923,874 108,933 90,183 3,755,710 159,532,752 10,320,805 2,620,289 4,096,076 129,521 28,415 (43,964) 40,662 3,563 3,287 3,903,030 - 31,562
Balance of previous year 1,071,987 918,099 1,860 43,964 94,719 2,708 9,996 - - 641
Transfer (to) / from reserve for lapsed unit linked policies unlikely to be revived 1,100,363 - - - - - - 1,100,363 - - (Refer Schedule 16 Note 1(e) and Note 8)Transfer to Shareholders' account (5,244,762) (53,090) (1,141) - (135,381) (6,271) (13,283) (5,003,393) - (32,203)Balance being funds for future appropriations 1,023,664 994,530 29,134 - - - - - - -
Interim Bonuses Paid (a) 10,358 10,358 - - - - - - - - Allocation of Bonus to policyholders (b) 488,078 477,813 10,265 - - - - - - - Surplus shown in the Revenue Account (c) 4,096,076 129,521 28,415 (43,964) 40,662 3,563 3,287 3,903,030 - 31,562
Total Surplus [ (a)+ (b)+ (c) ] 4,594,512 617,692 38,680 (43,964) 40,662 3,563 3,287 3,903,030 - 31,562
20
Bajaj Allianz Life Insurance Company Ltd. I IRDA Registration No.116 dated 3rd August, 2001
Notes to Financial Statements 16
For Dalal & Shah For B S R & Co. For Bajaj Allianz Life Insurance Company Limited
As required by Section 40-B of the Insurance Act, 1938, we certify that all expenses of Management in respect of Life Insurance business transacted in India by the Company have been fully debited to the Policyholders’ Revenue Account as expenses.
The accompanying notes and schedules form an integral part of the financial statements.
As per our report of even date attached
Chartered Accountants Chartered AccountantsFirm Registration Firm RegistrationNo. 102021W No. 101248W
Anish Amin Juzer Miyajiwala Rahul Bajaj Heinz DollbergPartner Partner Chairman DirectorMember Ship No 40451 Member Ship No 47483
Niraj Bajaj Sanjiv Bajaj Kamesh GoyalDirector Director Alternate Director
Ranjit Gupta S. H. Khan Suraj MehtaDirector Director Director
Manu Tandon V Philip Rajesh ViswanathanDirector Managing Director and Chief Financial Officer
Chief Executive Officer
Anil Singh Sameer BakshiAppointed Actuary Company Secretary
and Head- Legal & Compliance
Place : Pune Place : PuneDate : 6th May 2011 Date : 6th May 2011
Annual Report 2010-2011Bajaj Allianz Life Insurance Company Ltd. I Profit & Loss Account for the year ended 31st March 2011
Notes to Financial statements 16
For Dalal & Shah For B S R & Co. For Bajaj Allianz Life Insurance Company Limited
The accompanying notes and schedules form an integral part of the financial statements. As per our report of even date attached
Chartered Accountants Chartered AccountantsFirm Registration Firm RegistrationNo. 102021W No. 101248WAnish Amin Juzer Miyajiwala Rahul Bajaj Heinz Dollberg Niraj BajajPartner Partner Chairman Director DirectorMember Ship No 40451 Member Ship No 47483
Sanjiv Bajaj Kamesh Goyal Ranjit GuptaDirector Alternate Director DirectorS. H. Khan Suraj Mehta Manu TandonDirector Director Director V Philip Rajesh Viswanathan Anil SinghManaging Director and Chief Financial Officer Appointed ActuaryChief Executive OfficerSameer BakshiCompany Secretaryand Head- Legal & Compliance
Place : Pune Place : PuneDate : 6th May 2011 Date : 6th May 2011
(Amount in Rs. '000)
Particulars Current Current Previous PreviousYear Year Year Year
Form A- PL Profit & Loss Account for the year ended 31st March 2011Shareholders' Account (Non Technical Account)
Amounts transferred from the 9,355,074 5,244,762Policyholders' Account (Technical Account)
(a) Interest, Dividends & Rent - Gross 1,759,051 983,412(b) Profit on sale / redemption of investments 96,140 106,342(c) (Loss on sale / redemption of investments) (31,364) (5,378)(d) Transfer / Gain on revaluation / change in fair value - -
TOTAL(A) 11,178,901 6,329,138Expenses other than those directly related to the insurance business (Refer Schedule 16 Note 11) 45,534 64,732OthersProvisions (Other than Taxation) - -Contribution to the Policyholders' account(Refer Schedule 16 Note 15)
ParticipatingIndividual Assurance - -Individual Pension - -
Non ParticipatingIndividual Assurance - 185,031Individual Health - -Individual Annuity 11,874 -Group Assurance - -
LinkedIndividual Assurance - -Individual Pension 304,846 509,432
Group - 316,720 - 694,463TOTAL(B) 362,254 759,195
10,816,647 5,569,943Provision for Taxation including Wealth Tax 246,257 147,075
10,570,390 5,422,868Balance at the beginning of the year (182,978) (5,605,846)
10,387,412 (182,978)Earning Per Share (Basic and Diluted) (Refer Schedule 16 Note 18) 70.14 35.98
INCOME FROM INVESTMENTS
OTHER INCOME
PROFIT / (LOSS) before Tax
PROFIT / (LOSS) after Tax
PROFIT/(LOSS) CARRIED FORWARD TO BALANCE SHEET
- -
21
22
Bajaj Allianz Life Insurance Company Ltd. I IRDA Registration No.116 dated 3rd August, 2001
(Amount in Rs. '000)Particulars Schedule Current Current Previous Previous
Year Year Year Year
Form A- BS Balance Sheet as at 31st March 2011
SOURCES OF FUNDSSHAREHOLDERS' FUNDS
BORROWINGS POLICYHOLDERS' FUNDS
FUNDS FOR FUTURE APPROPRIATIONS
Share Capital 5 1,507,090 1,507,090 Reserves and Surplus 6 20,986,962 10,599,550 Credit/(Debit) Fair Value Change Account 5 -
SUB TOTAL 22,494,057 12,106,640 7 - -
Credit/(Debit) Fair Value Change Account 37,544 28,433 Policy Liabilities (Refer Schedule 16 Note 8)
ParticipatingIndividual Assurance 21,546,414 15,240,119 Individual Pension 437,321 376,166
Non ParticipatingIndividual Assurance 2,590,574 1,030,552 Individual Health 163,927 160,464 Individual Annuity 312,114 183,950 Group Assurance 7,581,846 4,171,640
LinkedIndividual Assurance 5,526,929 8,670,678 Individual Pension 270,886 448,819 Group 16,664 38,446,675 11,016 30,293,404
Insurance Reserves - - Provision For Linked Liabilities
Linked Liabilities 285,074,847 238,974,031 Fair value change 43,766,858 328,841,705 45,172,123 284,146,154
SUB TOTAL 367,325,924 314,467,991
ParticipatingIndividual Assurance 1,150,293 994,530 Individual Pension 33,404 29,134
1,183,697 1,023,664 Reserve for Lapsed unit linked policies unlikely to be revived 1,745,324 2,929,021 2,850,905 3,874,569
392,749,002 330,449,200
Annual Report 2010-2011Bajaj Allianz Life Insurance Company Ltd. I Balance Sheet as at 31st March 2011
(Amount in Rs. '000)Particulars Schedule Current Current Previous Previous
Year Year Year Year
APPLICATION OF FUNDS INVESTMENTS
ASSETS HELD TO COVER LINKED LIABILITIES
CURRENT ASSETS
LESS: CURRENT LIABILITES AND PROVISIONS
NET CURRENT ASSETS (C) = (A-B) MISCELLANEOUS EXPENDITURE
DEBIT BALANCE IN PROFIT & LOSS ACCOUNT
Shareholders' 8 23,520,820 15,453,830 Policyholders' 8A
Participating Individual Assurance 22,395,698 16,305,353 Individual Pension 463,956 406,605
Non Participating Individual Assurance 2,547,408 1,036,320 Individual Health 163,427 254,354 Individual Annuity 307,254 184,115 Group Assurance 7,689,335 4,428,070
Linked Individual Assurance 7,087,339 11,522,213 Individual Pension 264,331 453,016 Group 18,491 40,937,239 32,281 34,622,327
8B 328,841,705 284,146,154 (Refer Schedule 16 Note 24)LOANS 9 147,078 130,275 FIXED ASSETS Gross Block 3,727,565 3,244,726 Less : Accumulated Depriciation 2,167,872 1,732,178 Net Block 10 1,559,693 1,512,548 Capital work in progress 94,016 281,487
1,653,709 1,794,035
Cash and bank balances 11 4,385,098 2,186,908 Advances and other Assets 12 3,832,457 3,111,630
Sub-Total(A) 8,217,555 5,298,538
Current liabilities 13 9,500,915 10,518,711 Provisions 14 1,068,189 660,226
Sub-Total(B) 10,569,104 11,178,937 (2,351,549) (5,880,399)
15 - - (To the extent not written off or adjusted )
- 182,978 (Shareholders' account )
Total 392,749,002 330,449,200
Form A- BS Balance Sheet as at 31st March 2011
23
Notes to Financial statements 16
For Dalal & Shah For B S R & Co. For Bajaj Allianz Life Insurance Company Limited
The accompanying notes and schedules form an integral part of the financial statements. As per our report of even date attached
Chartered Accountants Chartered AccountantsFirm Registration Firm RegistrationNo. 102021W No. 101248WAnish Amin Juzer Miyajiwala Rahul Bajaj Heinz Dollberg Niraj BajajPartner Partner Chairman Director DirectorMember Ship No 40451 Member Ship No 47483
Sanjiv Bajaj Kamesh Goyal Ranjit GuptaDirector Alternate Director DirectorS. H. Khan Suraj Mehta Manu TandonDirector Director Director V Philip Rajesh Viswanathan Anil SinghManaging Director and Chief Financial Officer Appointed ActuaryChief Executive OfficerSameer BakshiCompany Secretaryand Head- Legal & Compliance
Place : Pune Place : PuneDate : 6th May 2011 Date : 6th May 2011
24
Bajaj Allianz Life Insurance Company Ltd. I IRDA Registration No.116 dated 3rd August, 2001
Sche
dule
- 1
: Pre
miu
mst
Sche
dule
s for
min
g pa
rt o
f fin
anci
al st
atem
ents
for t
he ye
ar e
nded
31
Mar
ch 2
011
(Am
ount
in R
s. '0
00)
Par
ticul
ars
Curr
ent Y
ear
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me
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Outs
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(Am
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2
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25
Annual Report 2010-2011Bajaj Allianz Life Insurance Company Ltd. I Schedules forming part of financial statements for the year ended 31st March 2011st
Sche
dule
s for
min
g pa
rt o
f fin
anci
al st
atem
ents
for t
he ye
ar e
nded
31
Mar
ch 2
011
Brea
kup
of co
mm
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pens
es (
Gros
s) in
curr
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pro
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bus
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urni
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2,80
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te : C
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Firs
t Yea
r pre
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clud
es re
ferr
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es a
mou
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g to
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242
(Pre
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r Rs.
1,18
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nfor
mat
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f bus
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form
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ly a
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(Am
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Par
ticul
ars
Curr
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rem
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- 1
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3
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1
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- Ren
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4
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- Sin
gle
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-
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3,6
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31,
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Add:
Com
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eins
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ceAc
cept
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- -
- -
- -
- -
- Le
ss: C
omm
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Rei
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ded
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15)
- (R
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Not
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Net C
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issio
n 6
,164
,741
1
,982
,309
1
,252
1
,100
,408
4
5,77
0 6
50
189
,383
2
,548
,714
1
67,4
65
128
,790
Brea
kup
of co
mm
issio
n ex
pens
es (
Gros
s) in
curr
ed to
pro
cure
bus
ines
s is f
urni
shed
bel
ow (*
)Ag
ents
4,29
6,51
6Br
oker
s42
,674
Corp
orat
e Ag
ency
4,12
5,40
0Re
ferr
al1,
187,
516
Tota
l
9,65
2,10
6 No
te : C
omm
issio
n of
Firs
t Yea
r pre
miu
m in
clud
es re
ferr
al fe
es a
mou
ntin
g to
Rs.
1,18
7,51
6 (P
revi
ous y
ear R
s. 1,
067,
500)
* Inf
orm
atio
n ac
ross
line
of b
usin
ess h
as n
ot b
een
disc
lose
d as
info
rmat
ion
is no
t rea
dily
ava
ilabl
e.
(Am
ount
in R
s. '0
00)
Par
ticul
ars
Prev
ious
Yea
rPa
rtic
ipat
ing
Non
Part
icip
atin
gLi
nked
Indi
vidu
alIn
divi
dual
Indi
vidu
alIn
divi
dual
Indi
vidu
alGr
oup
Indi
vidu
alIn
divi
dual
Grou
pAs
sura
nce
Pens
ion
Assu
ranc
eHe
alth
Annu
ityAs
sura
nce
Assu
ranc
e Pe
nsio
n
Com
miss
ion
Paid
Dire
ct- F
irst y
ear p
rem
ium
7,2
88,8
15
441
,992
1
84
568
,587
4
7,52
5 -
357
,581
5
,560
,477
2
83,6
40
28,
829
- Ren
ewal
Pre
miu
m 2
,269
,186
1
62,6
44
778
6
98
4,6
23
- 1
5,76
6 2
,046
,307
3
8,37
0 -
- Sin
gle
Prem
ium
94,
105
- -
141
-
327
1
82
87,
791
5,6
64
- Ad
d: C
omm
issio
n on
Rei
nsur
ance
Ac
cept
ed -
- -
- -
- -
- -
- Le
ss: C
omm
issio
n on
Rei
nsur
ance
Ce
ded
(2
6,41
0) (1
,948
) (3
4) (2
,076
) (1
,938
) -
(3,6
84)
(16,
680)
(50)
- (R
efer
Sch
edul
e 16
Not
e 16
)
Net C
omm
issio
n 9
,625
,696
6
02,6
88
928
5
67,3
50
50,
210
327
3
69,8
45
7,6
77,8
95
327
,624
2
8,82
9
Sche
dule
- 2
: Com
mis
sion
26
Bajaj Allianz Life Insurance Company Ltd. I IRDA Registration No.116 dated 3rd August, 2001
Sche
dule
- 3
: Ope
ratin
g Ex
pens
es R
elat
ed To
Insu
ranc
e Bu
sine
ss
(Ref
er S
ched
ule
16 N
ote
10)
(Am
ount
in R
s. '0
00)
Par
ticul
ars
Curr
ent Y
ear
Part
icip
atin
gNo
n Pa
rtic
ipat
ing
Link
ed
Indi
vidu
alIn
divi
dual
Indi
vidu
alIn
divi
dual
Indi
vidu
alGr
oup
Indi
vidu
alIn
divi
dual
Grou
pAs
sura
nce
Pens
ion
Assu
ranc
eHe
alth
Annu
ityAs
sura
nce
Assu
ranc
e Pe
nsio
n
Empl
oyee
s' re
mun
erat
ion,
w
elfa
re b
enef
its a
nd o
ther
m
anpo
wer
cost
s (*)
6,4
38,8
86
1,3
78,4
74
3,3
47
711
,569
1
0,56
1 1
,063
1
08,7
04
3,5
21,9
38
433
,897
2
69,3
33
Trav
el, c
onve
yanc
e an
d ve
hicl
eru
nnin
g ex
pens
es 1
77,9
62
38,
099
93
19,
667
292
2
9 3
,004
9
7,34
2 1
1,99
2 7
,444
Tr
aini
ng e
xpen
ses
125
,843
2
6,94
1 6
5 1
3,90
7 2
06
21
2,1
25
68,
834
8,4
80
5,2
64
Rent
s, ra
tes a
nd ta
xes
- Ser
vice
tax
born
e by
Uni
t l
inke
d po
licy h
olde
rs'
1,1
96,9
46
- -
- -
- -
1,1
44,6
87
39,
304
12,
955
- Ser
vice
Tax
unut
ilise
d cr
edits
pro
visio
n/w
rite
back
(13,
536)
(2,8
98)
(7)
(1,4
96)
(22)
(2)
(229
) (7
,404
) (9
12)
(566
)- S
ervi
ce Ta
x Ex
pens
es (5
4,00
6) (1
1,56
2) (2
8) (5
,968
) (8
9) (9
) (9
12)
(29,
540)
(3,6
39)
(2,2
59)
- Ren
ts &
Rat
es 4
96,9
70
106
,394
2
58
54,
921
815
8
2 8
,390
2
71,8
33
33,
489
20,
788
Repa
irs 8
4,13
3 1
8,01
2 4
4 9
,298
1
38
14
1,4
20
46,
019
5,6
69
3,5
19
Prin
ting
and
stat
ione
ry 1
80,5
43
38,
652
94
19,
952
296
3
0 3
,048
9
8,75
3 1
2,16
6 7
,552
Co
mm
unic
atio
n ex
pens
es 1
,869
,142
4
00,1
57
972
2
06,5
61
3,0
66
309
3
1,55
6 1
,022
,381
1
25,9
56
78,
184
Lega
l and
pro
fess
iona
l cha
rges
109
,210
2
3,38
0 5
7 1
2,06
9 1
79
18
1,8
44
59,
736
7,3
59
4,5
68
Med
ical
fees
32,
384
6,9
33
17
3,5
79
53
5
547
1
7,71
3 2
,182
1
,355
Au
dito
rs' f
ees,
expe
nses
, etc
.a)
as a
udito
r 5
,650
1
,210
3
6
24
9
1
95
3,0
91
381
2
36
b)as
adv
iser o
r in
any o
ther
capa
city
, in re
spec
t of
i) Ta
xatio
n M
atte
rs -
- -
- -
- -
- -
- ii)
Insu
ranc
e M
atte
rs -
- -
- -
- -
- -
- iii
) Man
agem
ent S
ervi
ces;
and
- -
- -
- -
- -
- -
c)in
any
oth
er ca
paci
ty 3
00
65
- 3
3 -
- 5
1
64
20
13
d)ou
t of p
ocke
t exp
ense
s 2
25
48
- 2
5 -
- 4
1
24
15
9
Adve
rtise
men
t and
pub
licity
775
,260
1
65,9
72
403
8
5,67
5 1
,272
1
28
13,
088
424
,051
5
2,24
3 3
2,42
8 In
tere
st a
nd b
ank
char
ges
197
,654
4
2,31
5 1
03
21,
843
324
3
3 3
,337
1
08,1
12
13,
319
8,2
68
Othe
rsa)
Info
rmat
ion
tech
nolo
gyex
pens
es 7
70,2
70
164
,904
4
00
85,
124
1,2
63
127
1
3,00
4 4
21,3
22
51,
906
32,
220
b)In
sura
nce,
wat
er a
ndel
ectr
icity
char
ges
248
,296
5
3,15
7 1
29
27,
439
407
4
1 4
,192
1
35,8
13
16,
732
10,
386
c)Po
licy s
tam
ps 1
16,8
38
25,
013
61
12,
912
192
1
9 1
,973
6
3,90
8 7
,873
4
,887
d)
Secu
rity a
nd h
ouse
keep
ing
322
,388
6
9,01
9 1
68
35,
627
529
5
3 5
,443
1
76,3
39
21,
725
13,
485
e)M
arke
ting
expe
nses
and
Busin
ess d
evel
opm
ent e
xpen
ses
2,2
31,9
72
454
,471
1
,094
2
71,4
59
6,7
03
366
3
4,65
7 1
,225
,174
1
52,1
79
85,
869
f)M
iscel
lane
ous e
xpen
ses
295
,297
5
6,64
9 1
38
29,
242
434
4
4 4
,467
1
73,5
28
19,
295
11,
500
Depr
ecia
tion
(Ref
er S
ched
ule
10)
457
,220
9
7,88
4 2
38
50,
528
750
7
5 7
,719
2
50,0
90
30,
811
19,
125
Tota
l16
,065
,847
3
,153
,289
7
,649
1
,664
,590
2
7,37
8 2
,447
2
47,4
81
9,2
94,0
08
1,0
42,4
42
626
,563
* i
nclu
des o
utso
urce
d pe
rson
al co
st o
f Rs.
412,
349
27
Annual Report 2010-2011Bajaj Allianz Life Insurance Company Ltd. I Schedules forming part of financial statements for the year ended 31st March 2011
Sche
dule
- 3
: Ope
ratin
g Ex
pens
es R
elat
ed To
Insu
ranc
e Bu
sine
ss
(Ref
er S
ched
ule
16 N
ote
10)
(Am
ount
in R
s. '0
00)
Par
ticul
ars
Prev
ious
Yea
rPa
rtic
ipat
ing
Non
Part
icip
atin
gLi
nked
Indi
vidu
alIn
divi
dual
Indi
vidu
alIn
divi
dual
Indi
vidu
alGr
oup
Indi
vidu
alIn
divi
dual
Grou
pAs
sura
nce
Pens
ion
Assu
ranc
eHe
alth
Annu
ityAs
sura
nce
Assu
ranc
e Pe
nsio
n
Empl
oyee
s' re
mun
erat
ion,
w
elfa
re b
enef
its a
nd o
ther
m
anpo
wer
cost
s (*)
6,9
90,6
18
332
,629
2
,429
2
50,6
22
8,7
43
608
9
0,32
6 5
,727
,789
5
61,3
12
16,
160
Trav
el, c
onve
yanc
e an
d ve
hicl
e ru
nnin
g ex
pens
es 1
61,6
50
7,6
92
56
5,7
95
202
1
4 2
,089
1
32,4
49
12,
980
373
Tr
aini
ng e
xpen
ses
144
,494
6
,875
5
0 5
,180
1
81
13
1,8
67
118
,392
1
1,60
2 3
34
Rent
s, ra
tes a
nd ta
xes
- Ser
vice
tax
born
e by
Uni
t l
inke
d po
licy h
olde
rs'
2,8
29,7
50
- -
- -
- -
2,7
14,2
41
105
,681
9
,828
- S
ervi
ce Ta
x un
utili
sed
cred
its
pro
visio
n/w
rite
back
(1,5
64,5
16)
(74,
443)
(544
) (5
6,09
0) (1
,957
) (1
36)
(20,
215)
(1,2
81,8
92)
(125
,623
) (3
,616
)- S
ervi
ce Ta
x Ex
pens
es 3
4,42
5 1
,638
1
2 1
,234
4
3 3
4
45
28,
207
2,7
64
79
- Ren
ts &
Rat
es 5
13,3
31
24,
426
178
1
8,40
4 6
42
45
6,6
33
421
,459
4
0,35
8 1
,186
Re
pairs
104
,637
4
,979
3
6 3
,751
1
31
9
1,3
52
85,
735
8,4
02
242
Pr
intin
g an
d st
atio
nery
263
,762
1
2,55
0 9
2 9
,456
3
30
23
3,4
08
216
,115
2
1,17
9 6
09
Com
mun
icat
ion
expe
nses
1,8
09,2
20
86,
087
629
6
4,86
3 2
,263
1
57
23,
377
1,4
82,3
90
145
,271
4
,183
Le
gal a
nd p
rofe
ssio
nal c
harg
es 1
31,0
21
5,7
90
42
4,3
63
9,4
89
11
1,5
72
99,
702
9,7
71
281
M
edic
al fe
es 4
5,67
7 2
,173
1
6 1
,638
5
7 4
5
90
37,
425
3,6
68
106
Au
dito
rs' f
ees,
expe
nses
, etc
.a)
as a
udito
r 4
,500
2
14
2
161
6
-
58
3,6
87
361
1
1 b)
as a
dvise
r or i
n an
y oth
er
capa
city
, in re
spec
t of
i) Ta
xatio
n M
atte
rs -
- -
- -
- -
- -
- ii)
Insu
ranc
e M
atte
rs -
- -
- -
- -
- -
- iii
) Man
agem
ent S
ervi
ces;
and
- -
- -
- -
- -
- -
c)in
any
oth
er ca
paci
ty 3
00
14
- 1
1 -
- 4
2
46
24
1
d)ou
t of p
ocke
t exp
ense
s 3
46
17
- 1
2 -
- 4
2
84
28
1
Adve
rtise
men
t and
pub
licity
876
,550
4
1,70
8 3
05
31,
425
1,0
96
76
11,
326
718
,205
7
0,38
3 2
,026
In
tere
st a
nd b
ank
char
ges
281
,230
1
3,38
2 9
8 1
0,08
2 3
52
24
3,6
34
230
,427
2
2,58
1 6
50
Othe
rsa)
In
form
atio
n te
chno
logy
ex
pens
es 5
42,9
50
25,
835
189
1
9,46
5 6
79
47
7,0
16
444
,868
4
3,59
6 1
,255
b)
Insu
ranc
e, w
ater
and
el
ectr
icity
char
ges
309
,776
1
4,74
0 1
08
11,
106
387
2
7 4
,003
2
53,8
16
24,
873
716
c)
Polic
y sta
mps
110
,040
5
,236
3
8 3
,945
1
38
10
1,4
22
90,
161
8,8
36
254
d)
Secu
rity a
nd h
ouse
keep
ing
316
,087
1
5,04
0 1
10
11,
332
395
2
7 4
,084
2
58,9
88
25,
380
731
e)
Mar
ketin
g ex
pens
es a
nd
Busin
ess d
evel
opm
ent e
xpen
ses
3,0
20,7
79
140
,514
8
49
130
,531
1
3,63
6 3
16
29,
878
2,4
83,3
36
216
,374
5
,345
f)
Misc
ella
neou
s exp
ense
s 2
34,8
61
7,9
03
58
5,9
54
208
1
4 2
,146
1
99,9
84
16,
969
1,6
25
Depr
ecia
tion
(Ref
er S
ched
ule
10)
554
,764
2
6,39
7 1
93
19,
889
694
4
8 7
,168
4
54,5
47
44,
545
1,2
83
Tota
l 1
7,71
6,25
2 7
01,3
96
4,9
46
553
,129
3
7,71
5 1
,340
1
82,1
87
14,
920,
561
1,2
71,3
15
43,
663
* inc
lude
s out
sour
ced
pers
onal
cost
of R
s. 37
0,75
7
(Am
ount
in R
s. '0
00)
Sche
dule
- 4
: Be
nefit
s pai
d (n
et)
28
Bajaj Allianz Life Insurance Company Ltd. I IRDA Registration No.116 dated 3rd August, 2001
Par
ticul
ars
Curr
ent Y
ear
Part
icip
atin
gNo
n Pa
rtic
ipat
ing
Link
ed
Indi
vidu
alIn
divi
dual
Indi
vidu
alIn
divi
dual
Indi
vidu
alGr
oup
Indi
vidu
alIn
divi
dual
Grou
pAs
sura
nce
Pens
ion
Assu
ranc
eHe
alth
Annu
ityAs
sura
nce
Assu
ranc
e Pe
nsio
nIn
sura
nce
Clai
ms
(Am
ount
cede
d in
rein
sura
nce)
:
Amou
nt a
ccep
ted
in re
insu
ranc
e
Bene
fits p
aid
to cl
aim
ants
:
a)Cl
aim
s by D
eath
4,7
75,8
34
225
,268
1
,931
1
51,7
55
8,9
88
2,2
43
1,5
18,4
64
2,7
78,5
95
88,
590
- b)
Clai
ms b
y Mat
urity
566
,404
5
01,3
08
12,
948
364
-
- -
677
5
1,10
7 -
c)An
nuiti
es/P
ensio
ns p
aym
ent
35,
770
- -
- -
15,
218
20,
552
- -
- d)
UL W
ithdr
awal
s/Su
rren
ders
&Ot
her B
enef
its (*
) 4
4,64
0,80
5 1
29,6
13
4,5
41
4,8
34
157
,304
-
609
,200
4
0,94
2,30
1 2
,065
,413
7
27,5
99
a)Cl
aim
s by D
eath
(61,
556)
(14,
834)
- (3
,615
) (1
,313
) -
5,9
00
(47,
694)
- -
b)Cl
aim
s by M
atur
ity -
- -
- -
- -
- -
- c)
Annu
ities
/Pen
sions
pay
men
t -
- -
- -
- -
- -
- d)
UL W
ithdr
awal
s/Su
rren
ders
&Ot
her B
enef
its (1
10,5
74)
(5,9
81)
- -
(78,
251)
- (2
6,34
0) (2
) -
-
a)Cl
aim
s by D
eath
- -
- -
- -
- -
- -
b)Cl
aim
s by M
atur
ity -
- -
- -
- -
- -
- c)
Annu
ities
/Pen
sions
pay
men
t -
- -
- -
- -
- -
- d)
UL W
ithdr
awal
s/Su
rren
ders
&Ot
her B
enef
its -
- -
- -
- -
- -
- To
tal
49,
846,
683
835
,374
1
9,42
0 1
53,3
38
86,
728
17,
461
2,1
27,7
76
43,
673,
877
2,2
05,1
10
727
,599
In In
dia
49,
846,
683
835
,374
1
9,42
0 1
53,3
38
86,
728
17,
461
2,1
27,7
76
43,
673,
877
2,2
05,1
10
727
,599
O
utsid
e In
dia
- -
- -
- -
- -
- -
Tota
l 4
9,84
6,68
3 8
35,3
74
19,
420
153
,338
8
6,72
8 1
7,46
1 2
,127
,776
4
3,67
3,87
7 2
,205
,110
7
27,5
99
Par
ticul
ars
Prev
ious
Yea
rPa
rtic
ipat
ing
Non
Part
icip
atin
gLi
nked
Indi
vidu
alIn
divi
dual
Indi
vidu
alIn
divi
dual
Indi
vidu
alGr
oup
Indi
vidu
alIn
divi
dual
Grou
pAs
sura
nce
Pens
ion
Assu
ranc
eHe
alth
Annu
ityAs
sura
nce
Assu
ranc
e Pe
nsio
nIn
sura
nce
Clai
ms
(Am
ount
cede
d in
rein
sura
nce)
:
Amou
nt a
ccep
ted
in re
insu
ranc
e
Bene
fits p
aid
to cl
aim
ants
:
a)Cl
aim
s by D
eath
3,8
87,4
83
197
,367
2
,590
7
9,26
6 3
,596
3
59
640
,981
2
,891
,404
7
1,92
0 -
b)Cl
aim
s by M
atur
ity 5
87,1
23
467
,732
2
3,55
8 1
,166
-
- -
112
9
4,55
5 -
c)An
nuiti
es/P
ensio
ns p
aym
ent
7,2
63
- -
- -
7,2
63
- -
- -
d)UL
With
draw
als/
Surr
ende
rs &
Othe
r Ben
efits
21,
928,
485
105
,176
3
,658
5
,767
1
01,3
06
- 1
80,0
18
20,
154,
919
1,0
86,7
14
290
,927
a)Cl
aim
s by D
eath
(52,
718)
(7,8
76)
- (9
38)
(4,4
47)
- (6
,150
) (3
3,30
7) -
- b)
Clai
ms b
y Mat
urity
- -
- -
- -
- -
- -
c)An
nuiti
es/P
ensio
ns p
aym
ent
- -
- -
- -
- -
- -
d)UL
With
draw
als/
Surr
ende
rs &
Othe
r Ben
efits
(55,
650)
(1,2
52)
- (3
5) (4
5,82
2) -
(8,5
41)
- -
-
a)Cl
aim
s by D
eath
- -
- -
- -
- -
- -
b)Cl
aim
s by M
atur
ity -
- -
- -
- -
- -
- c)
An
nuiti
es/P
ensio
ns p
aym
ent
- -
- -
- -
- -
- -
d)UL
With
draw
als/
Surr
ende
rs &
Othe
r Ben
efits
- -
- -
- -
- -
- -
Tota
l 2
6,30
1,98
6 7
61,1
47
29,
806
85,
226
54,
633
7,6
22
806
,308
2
3,01
3,12
8 1
,253
,189
2
90,9
27
In In
dia
26
,301
,986
7
61,1
47
29,
806
85,
226
54,
633
7,6
22
806
,308
2
3,01
3,12
8 1
,253
,189
2
90,9
27
Outs
ide
Indi
a
- -
- -
- -
- -
- -
Tota
l 2
6,30
1,98
6 7
61,1
47
29,
806
85,
226
54,
633
7,6
22
806
,308
2
3,01
3,12
8 1
,253
,189
2
90,9
27
* Sur
rend
ers a
re n
et o
f sur
rend
er ch
arge
s of R
s. 2,
567,
276
29
Annual Report 2010-2011Bajaj Allianz Life Insurance Company Ltd. I Schedules forming part of financial statements for the year ended 31st March 2011
Schedule - 5 : Share Capital
(Amount in Rs. '000)
Particulars Current Year Previous Year
200,000,000 (Previous Year 200,000,000)Equity Shares of Rs. 10/- Each 2,000,000 2,000,000
1,507,090 1,507,090 Equity Shares of Rs. 10/- Each150,709,000 (Previous Year 150,709,000) Equity Shares of Rs.10/- Each
Less : Preliminary Expenses (to the extent not written off) - -
Total 1,507,090 1,507,090
Authorised Capital
Issued , Subscribed, Called and Paid up Capital
Schedule - 5A : Pattern of Shareholding (As Certified by Management)
ShareholderNumber of % of Number of % of
Shares Holding Shares Holding
Current Year Previous Year
PROMOTERS:Indian
Bajaj Finserv Limited 111,524,660 74 111,524,660 74
ForeignAllianz SE 39,184,340 26 39,184,340 26
TOTAL 150,709,000 100 150,709,000 100
30
Bajaj Allianz Life Insurance Company Ltd. I IRDA Registration No.116 dated 3rd August, 2001
Schedule - 6 : Reserves and Surplus
(Amount in Rs. '000)
Particulars Current Year Previous Year
Schedule - 7 : Borrowings
(Amount in Rs. '000)
Particulars Current Year Previous Year
Debentures/Bonds - -
Banks - -
Financial Institutions - -
Others - -
TOTAL - -
Capital Reserve - -
Capital Redemption Reserve - -
Share Premium 10,599,550 10,599,550
Revaluation Reseve - -
General Reserve - -
Catastrophe Reserve - -
Other Reserve - -
Balance of Profit & Loss Account 10,387,412 -
Total 20,986,962 10,599,550
31
Annual Report 2010-2011Bajaj Allianz Life Insurance Company Ltd. I Schedules forming part of financial statements for the year ended 31st March 2011
Schedule - 8 : Investments - Shareholders'
(Amount in Rs. '000)
Particulars Current Year Previous Year
LONG TERM INVESTMENTS
SHORT TERM INVESTMENTS
INVESTMENTS
Government securities and Government 8,658,947 5,946,544 guaranteed bonds including Treasury Bills(Refer Note 1 below)Other Approved Securitiesa) Shares
aa) Equity - - bb) Preference - - b) Mutual Funds - - c) Derivative Instruments - - d) Debentures / Bonds 3,741,944 3,240,551 e) Other Securities
aa) Fixed Deposit with banks 2,899,500 323,900 f) Subsidiaries - - g) Investment Properties - Real Estate - -
Investments in Infrastructure & Social Sector 5,332,750 4,124,198Other Investments - -
Government securities and Government 953,072 - guaranteed bonds including Treasury BillsOther Approved Securitiesa) Shares
aa) Equity - - bb) Preference - -
b) Mutual Funds 18,305 - c) Derivative Instrument - -d) Debentures / Bonds 600,553 358,504e) Other Securities - -
aa) Fixed Deposit with banks 823,900 1,359,000f) Subsidiaries - -Investment Properties - Real Estate - -Investments in Infrastructure & Social Sector 491,849 101,133
Total 23,520,820 15,453,830
In India 23,520,820 15,453,830Outside India - -
Total 23,520,820 15,453,830
Notes : 1. Includes Rs.157,007 (Previous Year Rs. 157,141 ) deposited with Deutsche Bank AG, persuant to Section 7 of the Insurance Act
1938 (Refer Schedule 16 Note 6 )
2. Market Value of the above total investments of Rs.23,520,820 (Previous Year Rs. 15,453,830) is Rs.23,293,413 (Previous Year Rs. 15,531,986)
3. Historical cost of investment valued on fair value basis is Rs. 18,300 (Previous Year Rs. Nil)
32
Bajaj Allianz Life Insurance Company Ltd. I IRDA Registration No.116 dated 3rd August, 2001
Sche
dule
- 8A
: In
vest
men
ts -
Polic
yhol
ders
'(A
mou
nt in
Rs.
'000
) P
artic
ular
s Cu
rren
t Yea
rPa
rtic
ipat
ing
Non
Part
icip
atin
gLi
nked
Indi
vidu
alIn
divi
dual
Indi
vidu
alIn
divi
dual
Indi
vidu
alGr
oup
Indi
vidu
alIn
divi
dual
Grou
pAs
sura
nce
Pens
ion
Assu
ranc
eHe
alth
Annu
ityAs
sura
nce
Assu
ranc
e Pe
nsio
n
LONG
TER
M IN
VEST
MEN
TS
SHOR
T TE
RM IN
VEST
MEN
TS
Gove
rnm
ent s
ecur
ities
and
23,
530,
825
15,
126,
108
301
,652
1
,233
,536
3
5,16
2 2
11,5
43
3,2
63,4
14
3,2
48,9
88
101
,129
9
,293
Go
vern
men
t gua
rant
eed
bond
s in
clud
ing
Trea
sury
Bill
sOt
her A
ppro
ved
Secu
ritie
sa)
Shar
esaa
)Eq
uity
87,
952
87,
952
- -
- -
- -
- -
bb)
Pref
eren
ce -
- -
- -
- -
- -
- b)
Mut
ual f
unds
- -
- -
- -
- -
- -
c)De
rivat
ive
Inst
rum
ents
- -
- -
- -
- -
- -
d)De
bent
ures
/ Bo
nds
4,6
71,6
37
1,4
52,2
23
10,
000
259
,895
-
643
1
,688
,201
1
,187
,071
6
7,40
4 6
,200
e)
Othe
r Sec
uriti
esaa
)Fi
xed
Depo
sits w
ith B
anks
2,5
16,5
00
1,8
40,5
00
79,
700
239
,100
-
59,
700
297
,500
-
- -
f)Su
bsid
iarie
s -
- -
- -
- -
- -
- g)
Inve
stm
ent P
rope
rtie
s -
Real
Est
ate
- -
- -
- -
- -
- -
Inve
stm
ents
in In
frast
ruct
ure
&So
cial
Sec
tor B
onds
5,3
91,9
10
2,1
59,8
11
68,
411
399
,056
-
17,
821
1,4
92,8
37
1,2
53,9
74
- -
Othe
r inv
estm
ents
-Bo
nds
535
,260
4
33,4
69
- 1
01,7
91
- -
- -
- -
-Eq
uity
23,
223
23,
223
- -
- -
- -
- -
Gove
rnm
ent s
ecur
ities
and
349
,154
1
03,0
31
- -
- -
124
,663
1
21,4
60
- -
Gove
rnm
ent g
uara
ntee
d bo
nds
incl
udin
g Tr
easu
ry B
ills
Othe
r App
rove
d Se
curit
ies
a)Sh
ares
aa)
Equi
ty -
- -
- -
- -
- -
- bb
)Pr
efer
ence
- -
- -
- -
- -
- -
b)M
utua
l Fun
ds -
- -
- -
- -
- -
- c)
Deriv
ativ
e In
stru
men
ts -
- -
- -
- -
- -
- d)
Debe
ntur
es /
Bond
s 2
,340
,442
7
09,1
80
193
3
14,0
30
128
,265
1
7,54
7 7
06,8
38
384
,035
7
7,35
6 2
,998
e)
Othe
r Sec
uriti
es
aa)
Fixe
d De
posit
s with
Ban
ks 4
62,0
00
300
,000
4
,000
-
- -
- 1
58,0
00
- -
f)Su
bsid
iarie
s -
- -
- -
- -
- -
- g)
Inve
stm
ent P
rope
rtie
s -
Real
Est
ate
- -
- -
- -
- -
- -
Inve
stm
ents
in In
frast
ruct
ure
&So
cial
Sec
tor B
onds
1,0
28,3
36
160
,201
-
- -
- 1
15,8
82
733
,811
1
8,44
2 -
Othe
r inv
estm
ents
- -
- -
- -
- -
- -
TOTA
L 4
0,93
7,23
9 2
2,39
5,69
8 4
63,9
56
2,5
47,4
08
163
,427
3
07,2
54
7,6
89,3
35
7,0
87,3
39
264
,331
1
8,49
1 In
Indi
a 4
0,93
7,23
9 2
2,39
5,69
8 4
63,9
56
2,5
47,4
08
163
,427
3
07,2
54
7,6
89,3
35
7,0
87,3
39
264
,331
1
8,49
1 Ou
tsid
e In
dia
- -
- -
- -
- -
- -
Tota
l 4
0,93
7,23
9 2
2,39
5,69
8 4
63,9
56
2,5
47,4
08
163
,427
3
07,2
54
7,6
89,3
35
7,0
87,3
39
264
,331
1
8,49
1 No
te:
1.M
arke
t Val
ue o
f the
abo
ve to
tal i
nves
tmen
ts o
f Rs
..40,
937,
239
(Pre
viou
s yea
r Rs.
34,6
22,3
27) i
s Rs.4
0,86
6,50
9 (P
revi
ous y
ear R
s. 35
,049
,983
)2.
Hist
oric
al co
st o
f inv
estm
ent v
alue
d on
fair
valu
e ba
sis is
Rs 7
3,63
1 (P
revi
ous y
ear R
s. 73
,631
)
33
Annual Report 2010-2011Bajaj Allianz Life Insurance Company Ltd. I Schedules forming part of financial statements for the year ended 31st March 2011Sc
hedu
le -
8A :
Inve
stm
ents
- Po
licyh
olde
rs'
(Am
ount
in R
s. '0
00)
Par
ticul
ars
Prev
ious
Yea
rPa
rtic
ipat
ing
Non
Part
icip
atin
gLi
nked
Indi
vidu
alIn
divi
dual
Indi
vidu
alIn
divi
dual
Indi
vidu
alGr
oup
Indi
vidu
alIn
divi
dual
Grou
pAs
sura
nce
Pens
ion
Assu
ranc
eHe
alth
Annu
ityAs
sura
nce
Assu
ranc
e Pe
nsio
n
LONG
TER
M IN
VEST
MEN
TS
SHOR
T TE
RM IN
VEST
MEN
TS
Gove
rnm
ent s
ecur
ities
and
20,
899,
156
11,
377,
322
278
,024
4
02,5
74
72,
157
164
,689
2
,254
,731
6
,257
,005
7
7,78
2 1
4,87
2 Go
vern
men
t gua
rant
eed
bond
s in
clud
ing
Trea
sury
Bill
sOt
her A
ppro
ved
Secu
ritie
sa)
Shar
es
aa)
Equi
ty 7
4,11
4 7
4,11
4 -
- -
- -
- -
- bb
)Pr
efer
ence
-
- -
- -
- -
- -
- b)
Mut
ual f
unds
-
- -
- -
- -
- -
- c)
Deriv
ativ
e In
stru
men
ts -
-
- -
- -
- -
- -
d)De
bent
ures
/ Bo
nds
4,0
45,2
02
1,8
69,2
62
10,
000
292
,185
-
744
6
46,9
02
1,1
47,5
37
72,
372
6,2
00
e)Ot
her S
ecur
ities
a
a)Fi
xed
Depo
sits w
ith B
anks
162
,000
-
4,0
00
- -
- -
158
,000
-
- f)
Subs
idia
ries
-
- -
- -
- -
- -
- g)
Inve
stm
ent P
rope
rtie
s -Re
al E
stat
e -
-
- -
- -
- -
- -
Inve
stm
ents
in In
frast
ruct
ure
&
Soci
al S
ecto
r Bon
ds 6
,962
,564
2
,662
,560
1
14,5
81
341
,561
4
5,00
0 1
5,20
5 1
,313
,631
2
,363
,964
1
05,5
62
500
Ot
her i
nves
tmen
ts-
Bond
s -
- -
- -
- -
- -
- -
Equi
ty 2
7,95
0 2
7,95
0 -
- -
- -
- -
-
Gove
rnm
ent s
ecur
ities
and
3
54,0
60
127
,807
-
- 9
,293
-
- 2
09,4
51
7,3
00
209
Go
vern
men
t gua
rant
eed
bond
s in
clud
ing
Trea
sury
Bill
sOt
her A
ppro
ved
Secu
ritie
sa)
Shar
esaa
)Eq
uity
- -
- -
- -
- -
- -
bb)
Pref
eren
ce -
- -
- -
- -
- -
- b)
Mut
ual F
unds
- -
- -
- -
- -
- -
c)De
rivat
ive
Inst
rum
ents
- -
- -
- -
- -
- -
d)De
bent
ures
/ Bo
nds
497
,908
1
49,6
90
- -
- -
- 3
48,2
18
- -
e)Ot
her S
ecur
ities
a
a)Fi
xed
Depo
sits w
ith B
anks
1,0
94,5
00
- -
- -
- 1
45,9
00
748
,100
1
90,0
00
10,
500
f)Su
bsid
iarie
s -
- -
- -
- -
- -
- g)
Inve
stm
ent P
rope
rtie
s -
Real
Est
ate
- -
- -
- -
- -
- -
Inve
stm
ents
in In
frast
ruct
ure
&So
cial
Sec
tor B
onds
504
,873
1
6,64
8 -
- 1
27,9
04
3,4
77
66,
906
289
,938
-
- Ot
her i
nves
tmen
ts -
- -
- -
- -
- -
- TO
TAL
34,
622,
327
16,
305,
353
406
,605
1
,036
,320
2
54,3
54
184
,115
4
,428
,070
1
1,52
2,21
3 4
53,0
16
32,
281
In In
dia
34
,622
,327
1
6,30
5,35
3 4
06,6
05
1,0
36,3
20
254
,354
1
84,1
15
4,4
28,0
70
11,
522,
213
453
,016
3
2,28
1 Ou
tsid
e In
dia
- -
- -
- -
- -
- -
Tota
l 3
4,62
2,32
7 1
6,30
5,35
3 4
06,6
05
1,0
36,3
20
254
,354
1
84,1
15
4,4
28,0
70
11,
522,
213
453
,016
3
2,28
1 No
te:
1.M
arke
t Val
ue o
f the
abo
ve to
tal i
nves
tmen
ts o
f Rs
. 34,
622,
327
(Pre
viou
s yea
r Rs.
23,2
17,1
48) i
s Rs.
35,0
49,9
83 (P
revi
ous y
ear R
s. 24
,022
,333
)2.
Hist
oric
al co
st o
f inv
estm
ent v
alue
d on
fair
valu
e ba
sis is
Rs 7
3,63
1 (P
revi
ous y
ear R
s. 40
,587
)
34
Bajaj Allianz Life Insurance Company Ltd. I IRDA Registration No.116 dated 3rd August, 2001
Schedule - 8B : Assets held to cover linked liabilities
(Amount in Rs. '000)
Particulars Current Year Previous Year
LONG TERM INVESTMENTS
SHORT TERM INVESTMENTS
INVESTMENTS
Government securities and Government 2,004,131 2,816,020 guaranteed bonds including Treasury BillsOther Approved Securitiesa) Shares
aa) Equity 222,366,564 195,838,931 bb) Preference - -
b) Mutual Funds - - c) Derivative Instruments - - d) Debentures / Bonds 8,113,260 6,174,713 e) Other Securities
aa) Fixed Deposit with Banks 7,117,500 908,400 f) Subsidiaries - - g) Investment Properties - Real Estate - - Investments in Infrastructure and Social Sector 15,893,394 15,243,670 Other Investments 24,583,590 19,175,337
Government securities and Government 1,710,929 796,834 guaranteed bonds including Treasury BillsOther Approved Securitiesa) Shares
aa) Equity - - bb) Preference - -
b) Mutual Funds - 2,154,200 c) Derivative Instrument - - d) Debentures / Bonds 37,066,699 28,400,020 e) Other Securities
aa) Fixed Deposit with Banks 2,553,200 4,254,100 f) Subsidiaries - - g) Investment Properties - Real Estate - - Investments in Infrastructure and Social Sector 2,773,264 893,000 Other Investments 165,000 - Net Current Assets 4,494,174 7,490,929
Total 328,841,705 284,146,154
In India 328,841,705 284,146,154 Outside India - -
Total 328,841,705 284,146,154
(Refer Schedule 16 Note 24)Historical Cost of above investments is Rs. 285,074,847 ( Previous Year Rs. 238,974,031)
35
Annual Report 2010-2011Bajaj Allianz Life Insurance Company Ltd. I Schedules forming part of financial statements for the year ended 31st March 2011
Schedule - 9 : Loans
(Amount in Rs. '000)
Particulars Current Year Previous Year
SECURITY-WISE CLASSIFICATION
BORROWER-WISE CLASSIFICATION
PERFORMANCE-WISE CLASSIFICATION
MATURITY-WISE CLASSIFICATION
Secureda) On mortgage of property
aa) In India - - bb) Outside India - -
b) On Shares, Bonds, Government Securities etc. - - c) Loan against policies 147,078 130,275
Total 147,078 130,275
a) Central and State Government - - b) Bank and Financial Institutions - - c) Subsidiaries - - d) Companies - - e) Loan against policies 147,078 130,275
Total 147,078 130,275
a) Loans classified as standard :aa) In India 147,078 130,275 bb) Outside India - -
Total 147,078 130,275
a) Short-Term - -b) Long-Term 147,078 130,275
Total 147,078 130,275
36
Bajaj Allianz Life Insurance Company Ltd. I IRDA Registration No.116 dated 3rd August, 2001
Sche
dule
- 10
: Fi
xed
Asse
ts(A
mou
nt in
Rs.
'000
)
GROS
S BL
OCK
DEPR
ECIA
TION
NE
T BL
OCK
Part
icul
ars
Open
ing
Addi
tions
Dedu
ctio
nsCl
osin
gUp
to la
stFo
r the
On S
ales
/To
dat
eCu
rren
t Pr
evio
us
year
year
Adju
stm
ents
Year
Year
Inta
ngib
le -C
ompu
ter S
oftw
are
71,
909
7,8
22
- 7
9,73
1 6
2,85
6 6
,487
-
69,
343
10,
388
9,0
53
Leas
ehol
d Im
prov
emen
ts 5
92,1
26
16,
000
19,
015
589
,111
4
45,4
09
106
,063
1
5,52
3 5
35,9
49
53,
162
146
,717
Bu
ildin
gs (R
efer
not
e 2
belo
w)
743
,380
3
39,6
48
- 1
,083
,028
3
4,94
7 1
6,84
5 -
51,
792
1,0
31,2
36
708
,433
El
ectr
ical
Fitti
ngs
10,
119
898
-
11,
017
2,5
34
572
-
3,1
06
7,9
11
7,5
85
Furn
iture
& Fi
tting
s 1
51,5
92
7,8
44
607
1
58,8
29
59,
452
8,9
15
401
6
7,96
6 9
0,86
3 9
2,14
0 In
form
atio
n Te
chno
logy
Equ
ipm
ent
1,3
33,8
11
101
,895
1
78
1,4
35,5
28
948
,495
2
73,2
96
108
1
,221
,683
2
13,8
45
385
,316
Ai
r Con
ditio
ners
153
,193
1
0,10
7 9
91
162
,309
5
4,38
5 1
5,92
7 3
30
69,
982
92,
327
98,
808
Vehi
cles
17
,814
7
,874
6
,997
1
8,69
1 7
,338
3
,091
5
,016
5
,413
1
3,27
8 1
0,47
6 Of
fice
Equi
pmen
t 1
70,7
82
18,
878
339
1
89,3
21
116
,762
2
6,02
4 1
48
142
,638
4
6,68
3 5
4,02
0
Tota
l 3
,244
,726
5
10,9
66
28,
127
3,7
27,5
65
1,7
32,1
78
457
,220
2
1,52
6 2
,167
,872
1
,559
,693
1
,512
,548
Prev
ious
Yea
r 2
,402
,401
8
51,1
40
8,8
15
3,2
44,7
26
1,1
82,8
16
554
,764
5
,402
1
,732
,178
1
,512
,548
-
Note
:1.
Refe
r Not
e No
.1 (h
) of S
ched
ule
16.
2.Bu
ildin
gs in
clud
es sh
are
of u
ndiv
ided
por
tion
of la
nd a
t an
estim
ated
cost
of R
s. 19
,039
(Pre
viou
s yea
r Rs.
19,0
39).
37
Annual Report 2010-2011Bajaj Allianz Life Insurance Company Ltd. I Schedules forming part of financial statements for the year ended 31st March 2011
Schedule - 11 : Cash and Bank Balances
(Amount in Rs. '000)
Particulars Current Year Previous Year
1. Cash (including cheques, drafts and stamps) (*) 2,567,288 896,339 2. Bank Balances
a) Deposit Accountsaa) Short-term (due within 12 months of the date of Balance Sheet ) - -bb) Others 97,278 2,500
b) Current Accounts 1,720,532 1,288,069c) Others - -
3. Money at Call and Short Noticea) With Banks - -b) With Other Institutions - -
4. Others - -Total 4,385,098 2,186,908
Balances with non-scheduled banks included in 2 and 3 aboveCash and Bank Balances1. In India 4,385,098 2,186,9082. Outside India - -
Total 4,385,098 2,186,908
(*) includes credit card collections
38
Bajaj Allianz Life Insurance Company Ltd. I IRDA Registration No.116 dated 3rd August, 2001
Schedule - 12 : Advances and Other Assets
(Amount in Rs. '000)
Particulars Current Year Previous Year
ADVANCESReserve deposits with ceding companies - -Application money for investments - - Prepayments 88,572 170,684 Advances to Directors / Officers - - Advance Tax paid and taxes deducted at source - - Others :
Advances to Suppliers 238,765 116,970 Others 1,444 2,704
Total (A) 328,781 290,358OTHER ASSETSIncome accrued on investments 1,569,322 1,366,121 Outstanding Premiums 1,084,390 427,502 Agents' Balances - - Foreign Agencies Balance - - Due from other entities carrying on insurance business 22,069 26,700 (Including amount due from Reinsurers) - - Due from subsidiaries / holding company - - Deposit with Reserve Bank of India - -
[pursuant to section 7 of Insurance Act,1938] - -Deposits 239,682 246,798 Others :
Unsettled Investment contract receivable 495,360 749,688 Others 92,853 4,463
Total (B) 3,503,676 2,821,272
Total (A+B) 3,832,457 3,111,630
39
Annual Report 2010-2011Bajaj Allianz Life Insurance Company Ltd. I Schedules forming part of financial statements for the year ended 31st March 2011
Schedule - 13 : Current Liabilities
(Amount in Rs. '000)
Particulars Current Year Previous Year
Agents' Balances 3,414,331 3,641,903 Balances due to other insurance companies 65,731 82,867 Deposits held on reinsurance ceded - - Premium received in advance 174,249 171,638 Premium & Other Deposits 1,097,160 1,725,733 Sundry Creditors 3,282,332 3,451,467 Due to Subsidaries / holding company - - Claims Outstanding 509,388 533,843 Annuities Due - - Due to Officers / Directors of the Company - - Unclaimed Amount-Policyholders [Refer Schedule 16 Note 9 (b)] 956,707 772,903 Others :Temporary Overdraft as per the books of accounts 1,017 138,357
Total 9,500,915 10,518,711
(Amount in Rs. '000)
Particulars Current Year Current Year Previous Year Previous Year
For Taxation (Less Payments and Taxes deducted at Sources)Wealth Tax 115 200 Income Tax 585,443 585,558 125,993 126,193
For Proposed dividends - - For dividend distribution tax - - Others:
For Leave Encashment 272,601 254,326 For Long Term Incentive Plan 210,030 244,624 For Gratuity - 482,631 35,083 534,033
Total 1,068,189 660,226
Schedule - 14 : Provisions
Schedule - 15 : Miscellaneous Expenditure (To the extent not written-off or adjusted)
Particulars Current Year Previous Year
Discount allowed on issue of shares / debentures - -Others - -
Total - -
(Amount in Rs. '000)
40 41
Annual Report 2010-2011Bajaj Allianz Life Insurance Company Ltd. I IRDA Registration No.116 dated 3rd August, 2001 Bajaj Allianz Life Insurance Company Ltd. I Revenue Account for the year ended 31st March 2011
(Amount in Rs. '000)
Particulars Schedule Linked Life Linked Pension Linked Group Current Year Non-Unit Unit Total Non-Unit Unit Total Non-Unit Unit Total
(1) (2) (3)=(1) + (2) (4) (5) (6)=(4) + (5) (7) (8) (9)= (7) + (8) (10)=(3)+ (6)+(9)
stRevenue Account for the year ended 31 March 2011Policyholders' Account (Technical Account)
Annexure to Revenue Account-Break Up of Unit Linked Business (UL) for the year ended 31st March 2011
PREMIUM EARNED – NET
INCOME FROM INVESTMENTS
OTHER INCOME:
COMMISSION OPERATING EXPENSES RELATED TO INSURANCE BUSINESS
BENEFITS PAID (NET)
Surplus / (Deficit) (D) =(A)-(B)-(C)
APPROPRIATIONS
(A) Premium 1,119,225 62,666,935 63,786,160 208,591 5,068,510 5,277,101 800,913 4,002,359 4,803,272 73,866,533 (B) Reinsurance ceded (Refer Schedule 16 Note 16) (151,083) - (151,083) (603) - (603) (1,275) - (1,275) (152,961)
SUB-TOTAL 968,142 62,666,935 63,635,077 207,988 5,068,510 5,276,498 799,638 4,002,359 4,801,997 73,713,572
(a) Interest, dividend & rent - gross 741,426 5,704,367 6,445,793 35,589 378,666 414,255 2,538 333,698 336,236 7,196,284 (b) Profit on sale / redemption of investments 52,093 30,297,790 30,349,883 1,049 1,631,295 1,632,344 115 194,182 194,297 32,176,524 (c) Loss on sale / redemption of investments (22,236) (3,388,067) (3,410,303) (3) (260,351) (260,354) (15) (126,851) (126,866) (3,797,523)(d) Unrealised gain / (loss) - (1,712,363) (1,712,363) - 191,737 191,737 - 115,361 115,361 (1,405,265)(e) Other investment income - 2,528,991 2,528,991 - 152,722 152,722 - 68,835 68,835 2,750,548
771,283 33,430,718 34,202,001 36,635 2,094,069 2,130,704 2,638 585,225 587,863 36,920,568
(a) Linked income UL1 15,888,187 (15,888,187) - 391,553 (391,553) - 99,391 (99,391) - - (b) Contribution from Shareholders' account - - - 304,846 - 304,846 - - - 304,846
(Refer Schedule 16 Note 15)(c) Others 11,083 - 11,083 4,617 - 4,617 1,166 - 1,166 16,866
Total (A) 17,638,695 80,209,466 97,848,161 945,639 6,771,026 7,716,665 902,833 4,488,193 5,391,026 110,955,852
2,548,714 - 2,548,714 167,465 - 167,465 128,790 - 128,790 2,844,969 8,149,321 1,144,687 9,294,008 1,003,138 39,304 1,042,442 613,608 12,955 626,563 10,963,013
Provision for Income Tax 1,741,671 - 1,741,671 - - - 21,551 - 21,551 1,763,222
TOTAL (B) 12,439,706 1,144,687 13,584,393 1,170,603 39,304 1,209,907 763,949 12,955 776,904 15,571,204
UL2 1,077,429 42,596,448 43,673,877 (47,031) 2,252,141 2,205,110 - 727,599 727,599 46,606,586 Interim Bonus Paid - - - - - - - - - - Change In Valuation of Liability In Respect Of Life Policies (3,143,749) - (3,143,749) (177,933) - (177,933) 5,648 - 5,648 (3,316,034)(Refer Schedule 16 Note 1(e) and note 8)Change In Valuation Liability - 36,468,331 36,468,331 - 4,479,581 4,479,581 - 3,747,639 3,747,639 44,695,551 (Refer Schedule 16 Note 1(e) and note 8)
TOTAL (C) (2,066,320) 79,064,779 76,998,459 (224,964) 6,731,722 6,506,758 5,648 4,475,238 4,480,886 87,986,103
7,265,309 - 7,265,309 - - - 133,236 - 133,236 7,398,545 Balance of previous year (E) - - - - - - - - - -
Transfer (to)/from reserve for lapsed unit linked policies unlikelyto be revived (E) 1,105,581 - 1,105,581 - - - - - - 1,105,581 Transfer To Shareholders' a/c (8,370,890) - (8,370,890) - - - (133,236) - (133,236) (8,504,126)
Balance being funds for future appropriations (D) - (E) - - - - - - - - - -
40 41
Annual Report 2010-2011Bajaj Allianz Life Insurance Company Ltd. I IRDA Registration No.116 dated 3rd August, 2001 Bajaj Allianz Life Insurance Company Ltd. I Revenue Account for the year ended 31st March 2011
(Amount in Rs. '000)
Particulars Schedule Linked Life Linked Pension Linked Group Current Year Non-Unit Unit Total Non-Unit Unit Total Non-Unit Unit Total
(1) (2) (3)=(1) + (2) (4) (5) (6)=(4) + (5) (7) (8) (9)= (7) + (8) (10)=(3)+ (6)+(9)
stRevenue Account for the year ended 31 March 2011Policyholders' Account (Technical Account)
Annexure to Revenue Account-Break Up of Unit Linked Business (UL) for the year ended 31st March 2011
PREMIUM EARNED – NET
INCOME FROM INVESTMENTS
OTHER INCOME:
COMMISSION OPERATING EXPENSES RELATED TO INSURANCE BUSINESS
BENEFITS PAID (NET)
Surplus / (Deficit) (D) =(A)-(B)-(C)
APPROPRIATIONS
(A) Premium 1,119,225 62,666,935 63,786,160 208,591 5,068,510 5,277,101 800,913 4,002,359 4,803,272 73,866,533 (B) Reinsurance ceded (Refer Schedule 16 Note 16) (151,083) - (151,083) (603) - (603) (1,275) - (1,275) (152,961)
SUB-TOTAL 968,142 62,666,935 63,635,077 207,988 5,068,510 5,276,498 799,638 4,002,359 4,801,997 73,713,572
(a) Interest, dividend & rent - gross 741,426 5,704,367 6,445,793 35,589 378,666 414,255 2,538 333,698 336,236 7,196,284 (b) Profit on sale / redemption of investments 52,093 30,297,790 30,349,883 1,049 1,631,295 1,632,344 115 194,182 194,297 32,176,524 (c) Loss on sale / redemption of investments (22,236) (3,388,067) (3,410,303) (3) (260,351) (260,354) (15) (126,851) (126,866) (3,797,523)(d) Unrealised gain / (loss) - (1,712,363) (1,712,363) - 191,737 191,737 - 115,361 115,361 (1,405,265)(e) Other investment income - 2,528,991 2,528,991 - 152,722 152,722 - 68,835 68,835 2,750,548
771,283 33,430,718 34,202,001 36,635 2,094,069 2,130,704 2,638 585,225 587,863 36,920,568
(a) Linked income UL1 15,888,187 (15,888,187) - 391,553 (391,553) - 99,391 (99,391) - - (b) Contribution from Shareholders' account - - - 304,846 - 304,846 - - - 304,846
(Refer Schedule 16 Note 15)(c) Others 11,083 - 11,083 4,617 - 4,617 1,166 - 1,166 16,866
Total (A) 17,638,695 80,209,466 97,848,161 945,639 6,771,026 7,716,665 902,833 4,488,193 5,391,026 110,955,852
2,548,714 - 2,548,714 167,465 - 167,465 128,790 - 128,790 2,844,969 8,149,321 1,144,687 9,294,008 1,003,138 39,304 1,042,442 613,608 12,955 626,563 10,963,013
Provision for Income Tax 1,741,671 - 1,741,671 - - - 21,551 - 21,551 1,763,222
TOTAL (B) 12,439,706 1,144,687 13,584,393 1,170,603 39,304 1,209,907 763,949 12,955 776,904 15,571,204
UL2 1,077,429 42,596,448 43,673,877 (47,031) 2,252,141 2,205,110 - 727,599 727,599 46,606,586 Interim Bonus Paid - - - - - - - - - - Change In Valuation of Liability In Respect Of Life Policies (3,143,749) - (3,143,749) (177,933) - (177,933) 5,648 - 5,648 (3,316,034)(Refer Schedule 16 Note 1(e) and note 8)Change In Valuation Liability - 36,468,331 36,468,331 - 4,479,581 4,479,581 - 3,747,639 3,747,639 44,695,551 (Refer Schedule 16 Note 1(e) and note 8)
TOTAL (C) (2,066,320) 79,064,779 76,998,459 (224,964) 6,731,722 6,506,758 5,648 4,475,238 4,480,886 87,986,103
7,265,309 - 7,265,309 - - - 133,236 - 133,236 7,398,545 Balance of previous year (E) - - - - - - - - - -
Transfer (to)/from reserve for lapsed unit linked policies unlikelyto be revived (E) 1,105,581 - 1,105,581 - - - - - - 1,105,581 Transfer To Shareholders' a/c (8,370,890) - (8,370,890) - - - (133,236) - (133,236) (8,504,126)
Balance being funds for future appropriations (D) - (E) - - - - - - - - - -
42 43
Annual Report 2010-2011Bajaj Allianz Life Insurance Company Ltd. I IRDA Registration No.116 dated 3rd August, 2001 Bajaj Allianz Life Insurance Company Ltd. I Revenue Account for the year ended 31st March 2011
(Amount in Rs. '000)
Particulars Schedule Linked Life Linked Pension Linked Group Previous Year Non-Unit Unit Total Non-Unit Unit Total Non-Unit Unit Total
(1) (2) (3)=(1) + (2) (4) (5) (6)=(4) + (5) (7) (8) (9)= (7) + (8) (10)=(3)+ (6)+(9)
stRevenue Account for the year ended 31 March 2011Policyholders' Account (Technical Account)
Annexure to Revenue Account-Break Up of Unit Linked Business (UL) for the year ended 31st March 2011
PREMIUM EARNED – NET
INCOME FROM INVESTMENTS
OTHER INCOME:
COMMISSION OPERATING EXPENSES RELATED TO INSURANCE BUSINESS
BENEFITS PAID (NET)
Surplus / (Deficit) (D) =(A)-(B)-(C)
APPROPRIATIONS
(a) Premium 16,220,076 77,660,460 93,880,536 919,241 5,786,107 6,705,348 62,535 2,204,251 2,266,786 102,852,670 (b) Reinsurance ceded (Refer Schedule 16 Note 16) (127,809) - (127,809) (267) - (267) - - - (128,076)
SUB-TOTAL 16,092,267 77,660,460 93,752,727 918,974 5,786,107 6,705,081 62,535 2,204,251 2,266,786 102,724,594
(a) Interest, dividend & rent - gross 925,943 3,637,582 4,563,525 34,375 206,367 240,742 2,370 211,002 213,372 5,017,639 (b) Profit on sale / redemption of investments 41,943 29,778,526 29,820,469 1,695 1,769,350 1,771,045 22 220,313 220,335 31,811,849 (c) Loss on sale / redemption of investments (958) (4,638,017) (4,638,975) (2) (284,955) (284,957) - (45,652) (45,652) (4,969,584)(d) Unrealised gain / (loss) - 61,482,287 61,482,287 - 2,848,566 2,848,566 - 16,594 16,594 64,347,447 (e) Other investment income - 1,483,047 1,483,047 - 91,975 91,975 - 56,772 56,772 1,631,794
966,928 91,743,425 92,710,353 36,068 4,631,303 4,667,371 2,392 459,029 461,421 97,839,145
(a) Linked income UL1 13,724,835 (13,724,835) - 284,798 (284,798) - 32,837 (32,837) - - (b) Contribution from Shareholders' account - - - 509,432 - 509,432 - - - 509,432
(Refer Schedule 16 Note 15)(c) Others 191,954 - 191,954 37,860 - 37,860 52 - 52 229,866
Total (A) 30,975,984 155,679,050 186,655,034 1,787,132 10,132,612 11,919,744 97,816 2,630,443 2,728,259 201,303,037
7,677,895 - 7,677,895 327,624 - 327,624 28,829 - 28,829 8,034,348 12,206,320 2,714,241 14,920,561 1,165,634 105,681 1,271,315 33,835 9,828 43,663 16,235,539
Provision for Income Tax 620,796 - 620,796 - - - 3,916 - 3,916 624,712
TOTAL (B) 20,505,011 2,714,241 23,219,252 1,493,258 105,681 1,598,939 66,580 9,828 76,408 24,894,599
UL2 2,398,982 20,614,146 23,013,128 39,063 1,214,126 1,253,189 - 290,927 290,927 24,557,244 Interim Bonus Paid - - - - - - - - - - Change In Valuation of Liability In Respect Of Life Policies 4,168,961 - 4,168,961 254,811 - 254,811 (326) - (326) 4,423,446 (Refer Schedule 16 Note 1(e) and note 8)Change In Valuation Liability - 132,350,663 132,350,663 - 8,812,805 8,812,805 - 2,329,688 2,329,688 143,493,156 (Refer Schedule 16 Note 1(e) and note 8)
TOTAL (C) 6,567,943 152,964,809 159,532,752 293,874 10,026,931 10,320,805 (326) 2,620,615 2,620,289 172,473,846
3,903,030 - 3,903,030 - - - 31,562 - 31,562 3,934,592 Balance of previous year (E) - - - - - - 641 - 641 641
Transfer (to)/from reserve for lapsed unit linked policies unlikely to be revived (E) 1,100,363 - 1,100,363 - - - - - - 1,100,363 Transfer To Shareholders' a/c (5,003,393) - (5,003,393) - - - (32,203) - (32,203) (5,035,596)
Balance being funds for future appropriations (D) - (E) - - - - - - - - - -
42 43
Annual Report 2010-2011Bajaj Allianz Life Insurance Company Ltd. I IRDA Registration No.116 dated 3rd August, 2001 Bajaj Allianz Life Insurance Company Ltd. I Revenue Account for the year ended 31st March 2011
(Amount in Rs. '000)
Particulars Schedule Linked Life Linked Pension Linked Group Previous Year Non-Unit Unit Total Non-Unit Unit Total Non-Unit Unit Total
(1) (2) (3)=(1) + (2) (4) (5) (6)=(4) + (5) (7) (8) (9)= (7) + (8) (10)=(3)+ (6)+(9)
stRevenue Account for the year ended 31 March 2011Policyholders' Account (Technical Account)
Annexure to Revenue Account-Break Up of Unit Linked Business (UL) for the year ended 31st March 2011
PREMIUM EARNED – NET
INCOME FROM INVESTMENTS
OTHER INCOME:
COMMISSION OPERATING EXPENSES RELATED TO INSURANCE BUSINESS
BENEFITS PAID (NET)
Surplus / (Deficit) (D) =(A)-(B)-(C)
APPROPRIATIONS
(a) Premium 16,220,076 77,660,460 93,880,536 919,241 5,786,107 6,705,348 62,535 2,204,251 2,266,786 102,852,670 (b) Reinsurance ceded (Refer Schedule 16 Note 16) (127,809) - (127,809) (267) - (267) - - - (128,076)
SUB-TOTAL 16,092,267 77,660,460 93,752,727 918,974 5,786,107 6,705,081 62,535 2,204,251 2,266,786 102,724,594
(a) Interest, dividend & rent - gross 925,943 3,637,582 4,563,525 34,375 206,367 240,742 2,370 211,002 213,372 5,017,639 (b) Profit on sale / redemption of investments 41,943 29,778,526 29,820,469 1,695 1,769,350 1,771,045 22 220,313 220,335 31,811,849 (c) Loss on sale / redemption of investments (958) (4,638,017) (4,638,975) (2) (284,955) (284,957) - (45,652) (45,652) (4,969,584)(d) Unrealised gain / (loss) - 61,482,287 61,482,287 - 2,848,566 2,848,566 - 16,594 16,594 64,347,447 (e) Other investment income - 1,483,047 1,483,047 - 91,975 91,975 - 56,772 56,772 1,631,794
966,928 91,743,425 92,710,353 36,068 4,631,303 4,667,371 2,392 459,029 461,421 97,839,145
(a) Linked income UL1 13,724,835 (13,724,835) - 284,798 (284,798) - 32,837 (32,837) - - (b) Contribution from Shareholders' account - - - 509,432 - 509,432 - - - 509,432
(Refer Schedule 16 Note 15)(c) Others 191,954 - 191,954 37,860 - 37,860 52 - 52 229,866
Total (A) 30,975,984 155,679,050 186,655,034 1,787,132 10,132,612 11,919,744 97,816 2,630,443 2,728,259 201,303,037
7,677,895 - 7,677,895 327,624 - 327,624 28,829 - 28,829 8,034,348 12,206,320 2,714,241 14,920,561 1,165,634 105,681 1,271,315 33,835 9,828 43,663 16,235,539
Provision for Income Tax 620,796 - 620,796 - - - 3,916 - 3,916 624,712
TOTAL (B) 20,505,011 2,714,241 23,219,252 1,493,258 105,681 1,598,939 66,580 9,828 76,408 24,894,599
UL2 2,398,982 20,614,146 23,013,128 39,063 1,214,126 1,253,189 - 290,927 290,927 24,557,244 Interim Bonus Paid - - - - - - - - - - Change In Valuation of Liability In Respect Of Life Policies 4,168,961 - 4,168,961 254,811 - 254,811 (326) - (326) 4,423,446 (Refer Schedule 16 Note 1(e) and note 8)Change In Valuation Liability - 132,350,663 132,350,663 - 8,812,805 8,812,805 - 2,329,688 2,329,688 143,493,156 (Refer Schedule 16 Note 1(e) and note 8)
TOTAL (C) 6,567,943 152,964,809 159,532,752 293,874 10,026,931 10,320,805 (326) 2,620,615 2,620,289 172,473,846
3,903,030 - 3,903,030 - - - 31,562 - 31,562 3,934,592 Balance of previous year (E) - - - - - - 641 - 641 641
Transfer (to)/from reserve for lapsed unit linked policies unlikely to be revived (E) 1,100,363 - 1,100,363 - - - - - - 1,100,363 Transfer To Shareholders' a/c (5,003,393) - (5,003,393) - - - (32,203) - (32,203) (5,035,596)
Balance being funds for future appropriations (D) - (E) - - - - - - - - - -
44
Bajaj Allianz Life Insurance Company Ltd. I IRDA Registration No.116 dated 3rd August, 2001
(Amount in Rs. '000)
Particulars Life Linked Pension Linked Linked Group CurrentUnit Unit Unit Year
(1) (2) (3) (4)= (1)+(2)+(3)
(Amount in Rs. '000)
Particulars Life Linked Pension Linked Linked Group PreviousUnit Unit Unit Year
(1) (2) (3) (4)= (1)+(2)+(3)
Schedule - UL1 : Linked Income(recovered from linked funds) (net of service tax)
Annexure to Revenue Account-Break Up of Unit Linked Business (UL) for the year ended 31st March 2011
Schedule - UL1 : Linked Income(recovered from linked funds) (net of service tax)
Annexure to Revenue Account-Break Up of Unit Linked Business (UL) for the year ended 31st March 2011
Fund Administration charge 219,430 - - 219,430 Fund Management charge 4,122,023 220,741 65,138 4,407,902 Policy Administration charge 7,947,302 154,417 6,172 8,107,891 Surrender charge - - - - Switching charge 2,407 1,223 - 3,630 Mortality charge 3,112,494 14,032 27,522 3,154,048 Rider Premium charge 484,531 1,140 559 486,230 Partial withdrawal charge - - - - Miscellaneous charge - - - -
TOTAL (UL-1) 15,888,187 391,553 99,391 16,379,131
Fund Administration charge 236,926 - - 236,926 Fund Management charge 3,092,384 145,004 32,204 3,269,592 Policy Administration charge 6,734,816 125,130 115 6,860,061 Surrender charge - - - - Switching charge 4,479 615 - 5,094 Mortality charge 3,132,259 12,948 491 3,145,698 Rider Premium charge 523,971 1,101 27 525,099 Partial withdrawal charge - - - - Miscellaneous charge - - - -
TOTAL (UL-1) 13,724,835 284,798 32,837 14,042,470
45
Annual Report 2010-2011
(Am
ount
in R
s. '0
00)
Link
ed Li
feLi
nked
Pen
sion
Link
ed G
roup
Curr
ent Y
ear
Sl. N
o.Pa
rtic
ular
sNo
n-Un
itUn
itTo
tal
Non-
Unit
Unit
Tota
lNo
n Un
itUn
itTo
tal
(1)
(2)
(3)=
(1)+
(2)
(4
)(5
)(6
)=(4
)+(5
)(7
)(8
)(9
)=(7
)+(8
)(1
0)=(
3)+(
6)+(
9)
(Am
ount
in R
s. '0
00)
Link
ed Li
feLi
nked
Pen
sion
Link
ed G
roup
Prev
ious
Yea
rSl
. No.
Part
icul
ars
Non-
Unit
Unit
Tota
lNo
n-Un
itUn
itTo
tal
Non
Unit
Unit
Tota
l (1
)(2
)(3
)=(1
)+(2
)
(4)
(5)
(6)=
(4)+
(5)
(7)
(8)
(9)=
(7)+
(8)
(10)
=(3)
+(6)
+(9)
Sche
dule
- UL
2 :
Bene
fits P
aid
(net
) A
nnex
ure
to R
even
ue A
ccou
nt-B
reak
Up
of U
nit L
inke
d Bu
sines
s (UL
) for
the
year
end
ed 3
1st M
arch
201
1
1In
sura
nce
Clai
ms
(a)
Clai
ms b
y Dea
th
2,1
55,3
93
623
,202
2
,778
,595
4
,982
8
3,60
9 8
8,59
1 -
- -
2,8
67,1
86
(b)
Clai
ms b
y Mat
urity
11
666
6
77
5,6
08
45,
499
51,
107
- -
- 5
1,78
4 (c
)An
nuiti
es /
Pens
ion
paym
ent
- -
- -
- -
- -
- -
(d)
Othe
r ben
efits
- Sur
rend
er (*
) (1
,030
,279
) 4
1,97
2,58
0 4
0,94
2,30
1 (5
7,62
1) 2
,123
,033
2
,065
,412
-
727
,599
7
27,5
99
43,
735,
312
- Sur
viva
l -
- -
- -
- -
- -
- Su
b To
tal (
A) 1
,125
,125
4
2,59
6,44
8 4
3,72
1,57
3 (4
7,03
1) 2
,252
,141
2
,205
,110
-
727
,599
7
27,5
99
46,
654,
282
2Am
ount
Ced
ed in
rein
sura
nce
(a)
Clai
ms b
y Dea
th
(47,
694)
- (4
7,69
4) -
- -
- -
- (4
7,69
4)(b
)Cl
aim
s by M
atur
ity -
- -
- -
- -
- -
- (c
)An
nuiti
es /
Pens
ion
paym
ent
- -
- -
- -
- -
- -
(d)
Othe
r ben
efits
- -
- Sur
rend
er (2
) -
(2)
- -
- -
- -
(2)
- Sur
viva
l -
Sub
Tota
l (B)
(47,
696)
- (4
7,69
6) -
- -
- -
- (4
7,69
6)TO
TAL (
A) -
(B)
1,0
77,4
29
42,
596,
448
43,
673,
877
(47,
031)
2,2
52,1
41
2,2
05,1
10
- 7
27,5
99
727
,599
4
6,60
6,58
6 Be
nefit
s pai
d to
clai
man
ts:
In In
dia
1,
077,
429
42,
596,
448
43,
673,
877
(47,
031)
2,2
52,1
41
2,2
05,1
10
- 7
27,5
99
727
,599
4
6,60
6,58
6 Ou
tsid
e In
dia
- -
- -
- -
- -
- -
TOTA
L (UL
2) 1
,077
,429
4
2,59
6,44
8 4
3,67
3,87
7 (4
7,03
1) 2
,252
,141
2
,205
,110
-
727
,599
7
27,5
99
46,
606,
586
1In
sura
nce
Clai
ms
(a)
Clai
ms b
y Dea
th
2,4
32,2
89
459
,115
2
,891
,404
3
9,06
3 3
2,85
7 7
1,92
0 -
-
-
2
,963
,324
(b
)Cl
aim
s by M
atur
ity -
1
12
112
-
9
4,55
5 9
4,55
5 -
-
-
9
4,66
7 (c
)An
nuiti
es /
Pens
ion
paym
ent
-
-
-
-
-
-
-
-
-
-
(d)
Othe
r ben
efits
- Sur
rend
er -
20
,154
,919
2
0,15
4,91
9 -
1
,086
,714
1
,086
,714
-
2
90,9
27
290
,927
2
1,53
2,56
0 - S
urvi
val Su
b To
tal (
A) 2
,432
,289
2
0,61
4,14
6 2
3,04
6,43
5 3
9,06
3 1
,214
,126
1
,253
,189
-
2
90,9
27
290
,927
2
4,59
0,55
1 2
Amou
nt C
eded
in re
insu
ranc
e(a
)Cl
aim
s by D
eath
(3
3,30
7) -
(3
3,30
7) -
-
-
-
-
-
(3
3,30
7)(b
)Cl
aim
s by M
atur
ity -
-
-
-
-
-
-
-
-
-
(c
)An
nuiti
es /
Pens
ion
paym
ent
-
-
-
-
-
-
-
-
-
-
- Sur
rend
er -
-
-
-
-
-
-
-
-
-
- S
urvi
val
-
Sub
Tota
l (B)
(33,
307)
-
(33,
307)
-
-
-
-
-
-
(33,
307)
TOTA
L (A)
- (B
) 2
,398
,982
2
0,61
4,14
6 2
3,01
3,12
8 3
9,06
3 1
,214
,126
1
,253
,189
-
2
90,9
27
290
,927
2
4,55
7,24
4 Be
nefit
s pai
d to
clai
man
ts:
In In
dia
2,39
8,98
2 2
0,61
4,14
6 2
3,01
3,12
8 3
9,06
3 1
,214
,126
1
,253
,189
-
2
90,9
27
290
,927
2
4,55
7,24
4 Ou
tsid
e In
dia
-
-
-
-
-
-
-
-
-
-
TOTA
L (UL
2) 2
,398
,982
2
0,61
4,14
6 2
3,01
3,12
8 3
9,06
3 1
,214
,126
1
,253
,189
-
2
90,9
27
290
,927
2
4,55
7,24
4
Bajaj Allianz Life Insurance Company Ltd. I Revenue Account for the year ended 31st March 2011
* Sur
rend
ers a
re n
et o
f sur
rend
er ch
arge
s of R
s. 2,
567,
276
46
Bajaj Allianz Life Insurance Company Ltd. I IRDA Registration No.116 dated 3rd August, 2001
Background
1. Significant Accounting Policies followed by the Company
Basis of Preparation
Use of Estimates
a) Revenue Recognition
Bajaj Allianz Life Insurance Company Limited (“the Company”) was incorporated on 12th March 2001 as a Company under the Companies Act, 1956. The Company obtained a license from the Insurance Regulatory and Development Authority (“IRDA”) for carrying on the business of life insurance on 3rd August 2001. The registration certificate granted by IRDA is valid and the same has been renewed for the year 2011-2012. The Company has a wide range of products in traditional and unit-linked insurance business.
The accompanying financial statements have been prepared and presented under the historical cost convention, on the accrual basis of accounting, in compliance with the accounting standards ('AS') prescribed in the Companies Act 1956 and Rules thereunder, to the extent applicable, and in accordance with the provisions of the Insurance Act, 1938, the Insurance Regulatory and Development Authority (Preparation of Financial Statements and Auditor's Report of Insurance Companies) Regulations, 2002 ('the Regulations'), Insurance Regulatory and Development Authority Act, 1999, various circulars issued by IRDA and the practices prevailing in the insurance industry in India. The accounting policies have been consistently applied by the Company.
The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue and expenses and disclosure of contingent liabilities as on the date of financial statements. The estimates and assumptions used in the accompanying financial statements are based upon management's evaluation of the relevant facts and circumstances as of the date of the financial statements. Actual results could differ from those estimates. Any revision to accounting estimates is recognized prospectively in current and future periods.
Revenues are recognised as under. However recognition is postponed where ultimate collectibility lacks reasonable certainty.
Premium Income
Income earned on investments
b) Reinsurance premium
Premium is recognised as income when due. For linked business, premium is recognized when the associated units are allotted.
Premium on lapsed policies is recognized as income when such policies are reinstated.
In case of linked business, top up premiums paid by policyholders are unitized and considered as single premium. This premium is recognised when associated units are allotted.
Commission received on reinsurance ceded is recognized as income in the period in which reinsurance premium is ceded.
Interest income is recognised on an accrual basis.
Dividend income is recognized when the right to receive dividend is established.
Premium or discount on acquisition, as the case may be, in respect of debt securities, pertaining to non-linked investments is amortized over the period of maturity / holding and offset against interest income.
Profit / loss on sale / redemption of securities other than linked investments is recognized on trade / redemption date and includes effects of accumulated fair value changes, as applicable and previously recognised, for specific investments sold / redeemed during the year. Cost of security is determined on weighted average cost basis.
The realized gains or losses on the debt securities for other than linked business is the difference between the net sale consideration and the amortized cost computed on weighted average basis as on the date of sale.
The realized gains or losses on equity shares and mutual fund units for other than linked business is the difference between the net sale consideration and the weighted average cost in the books of the Company.
The realized gains or losses on securities held for linked business is the difference between the net sale consideration and the weighted average cost as on the date of sale.
Fund Management Charges, Policy / Fund Administration Charges and Cost of Insurance are accounted for on accrual basis in accordance with terms and conditions described in the issued policies.
Reinsurance premium ceded is accounted in accordance with the treaty with reinsurers.
Schedule - 16 : Notes to financial statements
47
Annual Report 2010-2011
c) Benefits Paid (Including Claims)
d) Acquisition Costs
e) Liability for life policies
f) Investments
Death and surrender claims are accounted for on receipt of intimation. Maturity claims are accounted when due for payment. Reinsurance recoveries are accounted for in the same period as the related claims and netted off against the claim expense incurred.
Repudiated claims disputed before judicial authorities are provided for based on the best judgment of the management considering the facts and evidence in respect of each such claim.
Withdrawals under unit linked policies are accounted in respective schemes when the associated units are cancelled.
Surrender Charges recovered are netted off against the claim expense incurred.
Acquisition costs such as commission, policy issue expenses etc. are costs that vary with and are primarily relatable to the acquisition of new and renewal insurance contracts. Such costs are expensed in the year in which they are incurred. Additional first year commission is accounted for on an accrual basis, after considering estimated lapsations. Claw back in future, if any, for the first year commission paid, is accounted for in the year in which it is recovered.
(i) The Company provides for liabilities in respect of all “in force” policies and “lapsed policies” that are likely to be revived in future, based on actuarial valuation done by the Appointed Actuary as per gross premium method in accordance with accepted actuarial practices, requirements of IRDA and the Institute of Actuaries of India.
(ii) Accordingly liabilities in respect of unit linked policies which have lapsed and are not likely to be revived, are shown as a separate item under the head “funds for future appropriations”, until expiry of the revival period. This is as per IRDA Circular No. 041/IRDA/ACTL/MAR-2006 dated 29th March 2006.
(iii) Linked liabilities comprise unit liability representing the fund value of policies and non-unit liability for meeting insurance claims & expenses etc. This is based on an actuarial valuation carried out by the Appointed Actuary.
Actuarial policies and assumptions are given in Note 8 below.
Investments are made in accordance with the Insurance Act, 1938, the Insurance Regulatory and Development Authority (Investment) Regulations, 2000, as amended and circulars / notifications issued by IRDA from time to time.
Investments are recorded on trade date at cost, which includes brokerage, fees and related taxes, if any and excludes pre-acquisition interest, if any.
i) Classification
Investments maturing within twelve months from the Balance Sheet date and investments made with the specific intention to dispose of within twelve months from Balance Sheet date are classified as short-term investments. Investments other than short term are classified as long-term investments.
Investments are specifically procured and held for policyholders and shareholders independently and the income relating to these investments is recognized in the Revenue Account and Profit and Loss Account respectively.
ii) Valuation – Shareholders' investments and non-linked policyholders' investments
All debt securities are considered as 'held to maturity' and accordingly stated at historical cost adjusted for amortization of premium or accretion of discount over the period held to maturity / sale.
Listed equity shares and mutual fund units are stated at fair value, in accordance with IRDA Investment (Amendment) Regulations 2001. Fair value for listed equity shares is the lower of the last quoted closing price on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). Fair value for mutual fund units is the per unit net asset value on the Balance Sheet date declared by respective Mutual Fund. Unrealized gains / losses on changes in fair values of listed equity shares and mutual funds are taken to the Fair Value Change Account and carried forward in the Balance Sheet.
iii) Valuation – linked business
Listed equity shares are valued at fair value, being the last quoted closing price on the NSE. In case the equity shares are not listed on the NSE, then they are valued on the last quoted closing price on BSE. Unlisted shares are stated at historical cost subject to provision for diminution, if any, in the value of such investment.
Government securities are valued at prices obtained from Credit Rating Information Services of India Ltd. (CRISIL).
Corporate bonds and debentures are valued on the basis of CRISIL Bond Valuer.
Treasury bills, certificate of deposits and commercial papers are valued at cost plus accretion using the Straight Line method.
Mutual fund units have been valued at the last available per unit Net Asset Value declared by the respective mutual fund.
Bajaj Allianz Life Insurance Company Ltd. I Schedules forming part of financial statements for the year ended 31st March 2011
48
Bajaj Allianz Life Insurance Company Ltd. I IRDA Registration No.116 dated 3rd August, 2001
iv) Transfer of investments
Transfer of investments from Shareholders' Fund to the Policyholders' Fund is at book value or market price; whichever is lower.
Transfer of debt securities is at lower of amortised cost or market price.
Inter fund transfer of Treasury Bills, Certificate of Deposits and Commercial Papers between unit linked funds is done at cost plus accretion. All other transfer of investments between unit linked funds is done at market price.
Loans are stated at historical cost, net of provision for impairment, if any.
Fixed assets are stated at cost of acquisition less accumulated depreciation. Cost of acquisition includes incidental expenses relating to acquisition and installation. In respect of liabilities incurred in acquisition of fixed assets in foreign exchange, the net gain or loss arising on conversion / settlement is charged to Revenue Account.
Intangible assets comprising software are stated at cost less amortization.
Depreciation / amortisation is provided on Straight Line Method (SLM) with reference to the management's assessment of the estimated useful life of the assets or the rates specified by the Schedule XIV of the Companies Act, 1956, whichever is higher.
g) Loans
h) Fixed Assets and Depreciation
Depreciation / amortisation is provided at the following rates:
Asset Class Rate of Depreciation / amortization
(SLM)
Rate of Depreciation
as per Sch. XIV (SLM)
Intangibles -Computer Software 33.33% p.a. 16.21% p.a.Leasehold Improvements Over the
balance period of Lease
Over the balance period
of Lease
Buildings 2.00% p.a. 1.63% p.a.Electrical Fittings 6.33% p.a. 4.75% p.a.Furniture & Fittings 6.33% p.a. 6.33% p.a.
Information Technology Equipment 33.33% p.a. 16.21% p.a.Air Conditioner 10.00% p.a. 4.75% p.a.Vehicles 20.00% p.a. 7.07% p.a.Office Equipment 25.00% p.a. 4.75% p.a.
The Company provides pro rata depreciation from the month in which the asset is acquired / first put to use and upto the month in which the asset is sold / discarded.
Assets costing individually less than Rs 5,000 are charged off as revenue expenses. Assets costing Rs 5,000 and above, upto Rs 20,000, are fully depreciated in the year of acquisition.
Impairment of Assets
The Company assesses at each Balance Sheet date whether there is any indication that an asset may be impaired. If any such indication exists, the Company estimates the recoverable amount of the asset. An impairment loss is recognized if such recoverable amount of the asset is less than its carrying amount. After impairment, depreciation is provided on the revised carrying amount of the assets over its remaining useful life.
Leases where the lessor effectively retains substantially all the risks and benefits of ownership over the leased term are classified as operating leases. Operating lease rentals are recognized as an expense in the profit and loss account / revenue account on a straight-line basis over the lease term.
The Company makes contributions to the defined contribution schemes such as Statutory Provident Fund, Employee Labour Welfare Fund, Employees' State Insurance Corporation and Employee Deposit Link Insurance Scheme at the prescribed rates. Contributions are charged to the Revenue Account of the year when the contributions to the funds are due.
The Company makes a contribution to the Bajaj Auto Employee Superannuation Scheme, a defined contribution scheme, for its eligible employees at fixed rates.
The Company's liability towards Gratuity, Leave Encashment and Long Term Incentive Plan being defined benefit plans is accounted for on the basis of independent actuarial valuations carried out at the year end and actuarial gains / losses related there to are charged to the Revenue Account. The actuarial method used for measuring the aforesaid liabilities is 'Projected Unit Credit Method'.
Transactions in foreign currency on account of revenue expenditure are accounted for at the rate prevailing at the date of the transactions. Current assets and liabilities are translated
i) Accounting for leases
Operating leases
j) Employee Benefits:
k) Transactions in Foreign Currency
at the year-end closing rates. The resulting exchange gain or loss, if any, is reflected in the profit and loss account / revenue account.
Income Tax expense comprises current tax (i.e. amount of tax for the period determined in accordance with the income-tax law) and deferred tax charge or credit (reflecting the tax effects of timing differences between the accounting income and taxable income for the period).
Deferred tax is measured based on the tax rates and the tax laws enacted or substantively enacted at the balance sheet date. Deferred tax assets are recognised only to the extent that there is reasonable certainty that sufficient future taxable income will be available against which such deferred tax assets can be realised. In situations where the Company has unabsorbed depreciation or carry forward tax losses, deferred tax assets are recognised only if there is virtual certainty supported by convincing evidence that they can be realised against future taxable profits.
At each balance sheet date the Company re-assesses unrecognised deferred tax assets. It recognises unrecognised deferred tax assets to the extent that it has become reasonably certain or virtually certain, as the case may be that sufficient future taxable income will be available against which such deferred tax assets can be realised.
The Company creates a provision when there is present obligation as a result of a past event that probably requires an outflow of resources and a reliable estimate can be made of the amount of the obligation. A disclosure for a contingent liability is made when there is a possible obligation or a present obligation that may, but probably will not, require an outflow of resources. When there is a possible obligation or a present obligation in respect of which the likelihood of outflow of resources is remote, no provision or disclosure is made.
Service Tax liability on premium and charges is setoff against available service tax credits from service tax payments made for Insurance Auxiliary and other eligible services. Unutilised credits, if any, are carried forward under "Advances and other Assets" for adjustments / setoff in subsequent periods, after creating a provision based on estimated realization of the unutilised credit. Such provisions are subsequently reversed only on reasonable certainty that the credits will be utilized in future periods.
l) Taxation
m) Provisions and Contingent liabilities
n) Service Tax
2. (i) Contingent Liabilities
(Rupees '000)
* The Service Tax department has issued an order on the Company for Rs.7,064 thousand (excluding interest), pertaining to the period August 2002 to 31st December 2004. The Company has filed an appeal against the order with the Customs, Excise and Service Tax Appellate Tribunal.
49
Annual Report 2010-2011Bajaj Allianz Life Insurance Company Ltd. I Schedules forming part of financial statements for the year ended 31st March 2011
Particulars As at 31March 2011
As at 31 March 2010
Partly-paid up investments Nil NilUnderwriting commitments outstanding Nil NilClaims, other than those under policies, not acknowledged as debts 37,167 955Guarantees given by or on behalf of the Company Nil NilStatutory demands / liabilities in dispute, not provided for * 7,064 7,064Reinsurance obligations to the extent not provided for in accounts Nil NilClaims, under policies, not acknowledged as debts 92,039 56,809
o) Earnings per share
p) Segment Reporting
Basic earnings per share is calculated by dividing the net profit or loss for the year attributed to equity shareholders by the weighted number of equity shares outstanding during the year.
For the purpose of calculating diluted earnings per share, the net profit or loss for the year attributable to equity shareholders and the equity weighted number of shares outstanding during the year are adjusted for effects of all dilutive equity shares.
The Company's reportable segments are business segments which have been identified in accordance with the regulations. The operating expenses, investments and other income attributable to the business segments are allocated as mentioned in Note 10. Segment revenues and results have been disclosed in the Financial Statements itself. Segment assets and liabilities have been identified to the extent possible in the following table. There are no reportable geographical segments since the Company provides services to customers in the Indian market only and does not distinguish any reportable regions within India.
Statutory disclosures as required by the Regulations
50
Bajaj Allianz Life Insurance Company Ltd. I IRDA Registration No.116 dated 3rd August, 2001
3.
4.
5.
There are no assets required to be deposited by the Company under any local law or otherwise encumbered in or outside India except investments to be held under Section 7 of the Insurance Act, 1938 as discussed under Note 6. There are no assets subject to restructuring.
The commitments made and outstanding for investment is Rs.928,180 thousand (Previous Year Rs. Nil) (net of amount already paid). The commitments made and outstanding for fixed assets amount to Rs. 94,931 thousand (Previous Year Rs.76,391 thousand) (net of advances).
Value of unsettled contracts relating to investments as at 31st March 2011 for:
(Rupees '000)
6. Investments as required to be maintained under Section 7 of the Insurance Act, 1938 are as follows:
(Rupees '000)
st31 March2011 2010
8.32% Govt. of India 157,007 157,141Securities 2032*(Face Value Rs. 150,000)
st31 MarchParticulars
* This investment is in the custody of Deutsche Bank India Branch in the Constituent Subsidiary General Ledger ('CSGL') account. The investments are performing investments.
(ii) Penalties :
Details of penal actions taken by various Government Authorities as required vide Circular No.005/IRDA/F&A/CIR/MAY-09 dated May 7, 2009 are given below.
(Rupees '000)
* Amounts in brackets represent previous year figures.# Post Listing
Sr. No.
Authority Non-Compliance / Violation
Penalty Awarded
Penalty Paid Penalty Waived / Reduced
1 Insurance Regulatory and Development Authority 1. Staff Rebate given to non-employees in few cases
500 (Nil)* 500 (Nil) Nil (Nil)
2. Surrender / partial withdrawal permitted during Lock-in period in few cases
500 (Nil) 500 (Nil) Nil (Nil)
2 Service Tax Authorities Nil (Nil) Nil (Nil) Nil (Nil) Nil (Nil)3 Income Tax Authorities Nil (Nil) Nil (Nil) Nil (Nil) Nil (Nil)4 Any other Tax Authorities Nil (Nil) Nil (Nil) Nil (Nil) Nil (Nil)5 Enforcement Directorate / Adjudicating Authority /
Tribunal or any Authority under FEMANil (Nil) Nil (Nil) Nil (Nil) Nil (Nil)
6 Registrar of Companies / NCLT/CLB / Department of Corporate Affairs or any Authority under Companies Act, 1956
Nil (Nil) Nil (Nil) Nil (Nil) Nil (Nil)
7 Penalty awarded by any Court / Tribunal for any matter including claim settlement but excluding compensation
Nil (Nil) Nil (Nil) Nil (Nil) Nil (Nil)
8 Securities and Exchange Board of India # Nil (Nil) Nil (Nil) Nil (Nil) Nil (Nil)9 Competition Commission of India Nil (Nil) Nil (Nil) Nil (Nil) Nil (Nil)
10 Any other Central / State / Local Government / Statutory Authority
Labour Department (Central / State)
Nil (44) Nil (44) Nil (Nil)
7. Managerial remuneration*
The details of the managerial remuneration included in employee remuneration and welfare benefits are as follows:
(Rupees '000)
st st31 March 31 March2011 2010
Salary 34,354 15,921Perquisites 5,257 780
Particulars
Particulars Linked Business Non-linked Business
31 March 2011
31 March 2010
31 March 2011
31 March 2010
Purchases where deliveries are pending 4,733,138 2,196,496 Nil Nil
Sales where receipts are due 4,424,206 2,727,492 495,360 749,688
Annual Report 2010-2011Bajaj Allianz Life Insurance Company Ltd. I Schedules forming part of financial statements for the year ended 31st March 2011
51
The managerial remuneration is in accordance with the approval accorded by a resolution of the Board of Directors and IRDA as required under Section 34A of the Insurance Act, 1938.
Expenses towards gratuity, leave encashment and Long Term Incentive Plan for Mr.V.Philip are determined actuarially on an overall Company basis annually and accordingly have not been considered in above information. Leave encashment and Long Term Incentive Plan for Mr. Kamesh Goyal settled during the year have been included above.
As per approval of the terms of appointment of Mr. Kamesh Goyal by IRDA, with effect from 1st January 2010, the proportionate amount of remuneration calculated at Rs.15,000 thousand per annum has been debited to the Revenue Account and the excess over such amount is debited to the Shareholders' (Profit and Loss) Account.
* Mr. Kamesh Goyal (till 31st January 2011) and Mr. V. Philip (w.e.f. 1st February 2011)
Liabilities for life insurance policies are determined by the Appointed Actuary in accordance with the IRDA regulations and relevant guidance notes issued by the Institute of Actuaries of India.
Non-linked business is reserved using a prospective gross premium method of valuation. The non-linked business is predominantly participating and the reserves are established having regard to the assumptions as to future experience, including the interest rate that will be earned on premiums not yet received, together with associated bonus rates. Regular premium participating business has been reserved using an interest rate of 7.20% per annum, which is same as that used for the previous year's valuation.
Single premium participating business has been reserved using an interest rate of 6.25% per annum, which is same as used in valuation as at 31st March 2010. The discount rate is determined after having regard to the yield likely to be obtained on relevant matching assets.
Assumptions as to the future bonus rates are set to be consistent with the interest rate assumptions. Provision has been made for a bonus distribution in respect of business in force at the valuation date on a basis considered appropriate by the appointed actuary having taken into account the reasonable expectations of policyholders.
The non-linked non-par business written under Invest Plus and Invest Plus Premier has been reserved using an interest rate of 7.80% and the Guaranteed Investment Return (GIR) consistent with the interest rate assumption.
8. Actuarial Valuation
Linked business has been reserved using the unit price of the respective unit funds plus a non unit reserve to allow for the cost of insurance and any expenses and commissions in excess of future charges.
Mortality assumptions are based on the published IALM (1994-1996) Ultimate Mortality Table with adjustment to reflect expected experience and with an allowance for adverse deviation.
Assumptions for morbidity and for the incidence of accidental death are based on terms available from reinsurers and the standard morbidity rate table CIBT 93 (Critical Illness Base Table for year 93).
The reserve is sufficient to allow for any adverse lapse experience. Further it has been ensured that for each policy the reserve is sufficient to pay the minimum guaranteed surrender value.
Commission has been allowed for at the Company's table rates with an allowance for service tax. Maintenance expenses have been allowed for in accordance with pricing assumptions, which has been dully validated by the actual experience of the company during the last one year. An additional reserve has been included to allow for the possible adverse deviations in experience in excess of offsetting adjustments in bonus rates and to allow for the contingency of closure to new business as is required by guidance notes(GN1) issued by the Institute of Actuaries of India.
The reserve for the Group Term Business has been calculated having regard to the unearned gross premium and expenses already incurred. The group non-linked non-par savings business has been valued having regard to the accrued account value of the members of the group schemes.
Provision has been made for the possible revival of the lapsed policies, which have lapsed before the valuation date, having regard to the experience of the Company. As per IRDA circular No: 041/IRDA/ACTL/MAR-2006 dated 29th March 2006, a reserve for lapsed unit linked policies not likely to be revived is held as a separate item under the head “Funds for Future Appropriations”.
The provision has been made for the incurred but not reported death claims (IBNR) based on the Company's past experience of delay in reporting the event of deaths.
Where minimum surrender value is guaranteed, the minimum reserve under those policies has been set as the guaranteed surrender value. In all other cases the minimum reserve has been set to zero.
The Appointed Actuary is satisfied that the nature and extent of reinsurance arrangements require no additional reserve to be set aside. All reserves have been calculated using gross exposure and gross office premiums.
52
Bajaj Allianz Life Insurance Company Ltd. I IRDA Registration No.116 dated 3rd August, 2001
10. Allocation of expenses
11.
Operating expenses relating to insurance business are allocated to specific business segments as under:
(a) Expenses, which are directly identifiable, are allocated on an actual basis.
(b) Other operating expenses, which are not directly identifiable are apportioned based on a combination of:
· New Business Regular Premium;
· New Business Single Premium; and
· Renewal Premium
Expenses attributable to shareholders are charged to the Shareholders' Account.
Sr. Particulars 31 March 31 MarchNo. 2011 20101. Contribution to Employees
Provident Fund 182,397 165,3052. Contribution to
Superannuation Fund 3,392 2,3503. Contribution to Labour
Welfare Fund, EDLI 2,124 4,6474. Contribution to ESIC 19,632 11,857
9. Claims
(a) Claims settled, undisputed and remaining unpaid for a period of more than six months at year-end amount to Rs. 47,297 Thousand (Previous Year: Rs 729 Thousand).
(b) Disclosure of unclaimed amounts of Policyholders as required vide Circular No. IRDA/ F & I / CIR / CMP / 174 / 11 / 2010 dated November 4, 2010 is as follows: –
(Rupees '000)
Particulars Claims settled but not paid to the
policyholders/ insured due to any reasons
except under litigation from the insured /
policyholder
Sum due to the insured / policyholders on
maturity or otherwise
Cheques issued but not encashed by the
policyholder/ insured*
Total
0 - 30 Days 552,735 35,496 23,523 611,754
01 - 06 Months 18,735 18,709 60,433 97,877
07 - 12 Months 16,934 7,405 50,744 75,083
13 - 18 Months 284 22,622 63,294 86,200
19 - 24 Months 52 Nil 12,618 12,670
25 - 30 Months Nil Nil 17,627 17,627
31 - 36 Months Nil Nil 25,668 25,668
Beyond 36 Months Nil Nil 29,828 29,828
TOTAL AMOUNT 588,740 84,232 283,735 956,707
* represents cheques, exceeding 6 months, issued to policyholders.
12. Accounting Standard AS15 (Revised) Employee Benefits
i. Defined Contribution Plans
The Company has recognized following amounts in the Revenue Account for the year –
(Rs.'000)
53
Annual Report 2010-2011Bajaj Allianz Life Insurance Company Ltd. I Schedules forming part of financial statements for the year ended 31st March 2011
ii. Defined Benefit Plans – as per Actuarial Valuation on March 31, 2011
a) Reconciliation of opening and closing balances of the present value of the Defined Benefit Obligation (DBO):
(Rs.'000)
b) A reconciliation of the opening and closing balances of the fair value of plan assets:
(Rs.'000)
Particulars - Gratuity 31 March 2011 31 March 2010
Fair value of Plan Assets at 83,449 54,421the beginning of the yearAdd :Expected return on Plan Assets 6,938 5,258Add / (Less) : Actuarial 1,190 2,458Gains / (Losses)Add : Contributions 135,238 56,028Less: Benefits Paid (44,972) (34,716)Fair value of Plan Assets at 181,843 83,449the close of the yearActual Return on Plan Assets 8,128 7,716
c) Net (Assets) / Liabilities recognized in the Balance Sheet as at March 31, 2011:
(Rs.'000)
Particulars - Gratuity 31 March 2011 31 March 2010
Present value of Defined 174,649 118,532Benefit obligationLess: Fair value of Plan Assets (181,843) (83,449)Present value of unfunded Nil NilobligationNet Liability / ( Asset) (7,194) 35,083recognized in the Balance sheet
d) Total expenses recognized in the Revenue Account:
(Rs.'000)
Particulars - Gratuity 31 March 2011 31 March 2010Current Service Cost 46,739 58,127Interest Cost 12,311 11,211Expected return on (6,938) (5,258)Plan AssetsActuarial Losses / ( Gains) 40,833 (27,425)Past service costs 16 NilEffect of curtailment / Nil NilsettlementAdjustments for earlier years Nil NilRecognized in the 92,961 36,655Revenue Account
The above have been included under the line item “Employees' remuneration, welfare benefits and other manpower costs” in Schedule 3.
Particulars – Gratuity 31 March 2011 31 March 2010
Present value of Defined Benefit Obligation at the beginning of the yearInterest costCurrent service costActuarial Losses / ( Gains)Past Service CostBenefits paidPresent value of Defined Benefit Obligation at the close of the year
118,532
12,31146,73942,023
16(44,972)174,649
108,877
11,211 58,127
(24,967) Nil
(34,716)118,532
(Rs.'000)
Particulars - Gratuity 31 March 2011 31 March 2010
Insurer Managed Funds 181,843 83,449(100%)
Particulars - Gratuity 31 March 2011 31 March 2010
Discount Rate 8.00% 7.85%Expected rate of return on 7.50% 7.50%Plan AssetsSalary Escalation rate - 6% 6%Management Staff
f) Actuarial Assumptions:
g) Future salary increases considered in actuarial valuation take into account inflation, seniority, promotion and other relevant factors, such as supply and demand in the employment market.
h) Expected rate of return on plan assets is on the basis of average long term rate of return expected on investments of the fund during the estimated term of obligation.
e) Major categories of plan assets as a percentage of total plan assets:
54
Bajaj Allianz Life Insurance Company Ltd. I IRDA Registration No.116 dated 3rd August, 2001
As there were no dilutive equity shares issued, or potential equity shares, no reconciliation between the denominator used for computation of basic and diluted earnings per share is necessary.
The Company has entered into agreements in the nature of Lease / Leave and License Agreements with different lessors / licensors for the purpose of establishment of office premises. These are generally in the nature of operating leases / leave and licenses and disclosure required as per Accounting Standard 19 with regard to the above is as under:
19. Operating lease commitments
(Rupees '000)
i) There are no transactions in the nature of sub leases.
ii) Payments recognized in the Revenue account for the year ended 31st March 2011, are Rs. 478,059 thousand (Previous Year Rs. 494,629 thousand).
iii) The period of agreement is generally for three years and renewable thereafter at the option of the lessee.
Particulars 31 March 2011
31 March 2010
Not later than one year 344,844 396,484
Later than one year but not later than five years 526,101 303,365Later than five years 74,505 8,008
13. Percentage of business sector-wise
14. Percentage of risk retained and risk reinsured
(Rs.'000)
Particulars Current Year Previous Year
Number of Policies
Percentage of policies
Number of Policies
Percentage of policies
Rural 330,962 21.46% 683,450 30.66%
Urban 1,211,043 78.54% 1,546,039 69.34%
Current Year Previous Year
Number of Lives Insured
Number of Policies
Number of Lives Insured
Number of Policies
Social 755,909 8 4,408,502 8
Particulars Current Year Previous Year
Sum at risk Percentage Sum at risk Percentage
Risk retained 2,950,631,347 92.71% 2,379,058,826 93.21%
Risk reinsured 231,938,294 7.29% 173,285,421 6.79%
15.
16.
17.
18.
The shareholders of the Company, in their Extra Ordinary General Meeting held on 6th May 2011 have authorized the Board of Directors of the Company to decide on the transfer of amounts from the Shareholders' Account to the Policyholders' Account to make good the deficit, if any, in the Policyholders' Funds in respect of any financial year, which shall be subject to the approval of the shareholders of the Company at the ensuing Annual General Meeting of the respective years.
Reinsurance is in place on lives where cover is in excess of the Company's retention limit and this has been reflected in the Accounts.
As per Accounting Standard 18 prescribed in the Companies Act 1956 and Rules thereunder, disclosures of transactions with the related parties have been set out in a separate statement annexed to this schedule as Appendix I. The related parties, in respect of which the disclosures have been made, have been identified on the basis of information available with the Company and taken on record by the Board of Directors.
In accordance with Accounting Standard (AS 20) – on Earnings Per Share (EPS), the following table reconciles the numerator and denominator used to calculate basic / diluted earnings per share.
Particulars 31 March 2011
31 March 2010
Profit/(Loss) after tax (Rs.'000) 10,570,390 5,422,868
Basic earnings before extra-ordinary items [A] (Rs.'000)
10,570,390 5,422,868
Basic earnings after extra-ordinary items [B] (Rs. '000)
10,570,390 5,422,868
Weighted average no. of equity shares (par value of Rs 10 each) [C]
150,709,000 150,709,000
Basic earnings per equity share [A/C] (Rs)
70.14 35.98
Basic earnings per equity share excluding extraordinary items [B/C] (Rs)
70.14 35.98
20. Previous year figures have been regrouped where possible and wherever necessary to make them comparable with those of the current year. Summary of amounts of the previous year which have been regrouped is as follows:
These re-groupings do not affect previously reported Surplus as per Revenue Account and Loss as per Profit and Loss Account.
(Rupees '000)
55
Annual Report 2010-2011Bajaj Allianz Life Insurance Company Ltd. I Schedules forming part of financial statements for the year ended 31st March 2011
Particulars Reported in Previous year
reportedin currentyear
Difference FromSchedule No.
ToSchedule No.
Reasons Amount
Premium and other Deposit
1,761,303 1,725,733 (35,570) 13(Premium and Other deposits)
13 (Unclaimed Amount-Policyholders)
Reclassification of Unclaimed policyholders amount from Premium and other deposit
(35,570)
Sundry Creditors
4,115,177 3,451,467 (663,710) 13(Sundry Creditors)
13 (Unclaimed Amount-Policyholders)
Reclassification of Unclaimed policyholders amount from Sundry creditors
(663,710)
Claims Outstanding
607,466 533,843 (73,623) 13 (Claims Outstanding)
13 (Unclaimed Amount-Policyholders)
Reclassification of Unclaimed policyholders amount from Claims Outstanding
(73,623)
Unclaimed Amount-Policyholders
- 772903 772,903 13 (Unclaimed Amount-Policyholders)
13 (Premium and Other deposits)
Reclassification of Unclaimed policyholders amount from Premium and other deposit
35,570
13 (Sundry Creditors)
Reclassification of Unclaimed policyholders amount from Sundry creditors
663,710
13 (Claims Outstanding)
Reclassification of Unclaimed policyholders amount from Claims Outstanding
73,623
772,903 772,903
56 57
Annual Report 2010-2011Bajaj Allianz Life Insurance Company Ltd. I IRDA Registration No.116 dated 3rd August, 2001
21 : Segment Reporting
Particulars Current Year Participating Policyholders' Non - Participating Policyholders' Unit Linked Policyholders' Shareholders' UnallocatedTotal Individual Individual Individual Individual Individual Group Individual Individual Group
Assuarance Pension Assuarance Health Annuity Assurance Assuarance Pension
Credit/(Debit) Fair Value Change Account 37,544 37,544 - - - - - - - - - -
Policy Liabilities 38,446,675 21,546,414 437,321 2,590,574 163,927 312,114 7,581,846 5,526,929 270,886 16,664 - -
Provision for linked liabilities 328,841,705 - - - - - - 300,477,096 19,490,662 8,873,947 - -
Funds for Future Appropriations 1,183,697 1,150,293 33,404 - - - - - - - - -
Reserve for Lapsed unit linked policies unlikely to be revived 1,745,324 - - - - - - 1,745,324 - - - -
Loans 147,078 147,078 - - - - - - - - - -
Investments 64,458,059 22,395,698 463,956 2,547,408 163,427 307,254 7,689,335 7,087,339 264,331 18,491 23,520,820 -
Assets Held to Cover Linked Liabilities 328,841,705 - - - - - - 300,477,096 19,490,662 8,873,947 - -
Fixed Assets # 1,653,709 - - - - - - - - - - 1,653,709
Cash and bank balances 4,385,098 - - - - - - - - - - 4,385,098
Advances & Other AssetsOutstanding Premium 1,084,390 891,111 4,720 176,565 11,992 - 2 - - - - - Due from Other Entities carrying on Insurance business 22,069 6,395 - 602 8,173 - 195 6,704 - - - - Income accrued on investments 1,569,322 474,554 8,131 40,731 942 5,515 197,348 171,329 7,765 622 662,385 - Unsettled Investment contract receivable 495,360 - - - - - - - - - 495,360 - Other Assets 661,316 - - - - - - - - - - 661,316
Current LiabilitiesAgents Balance 3,414,331 1,093,701 701 608,025 25,727 358 107,739 1,414,922 92,256 70,902 - - Balance due to other Insurance Companies 65,731 6,247 176 2,714 (6,575) - 4,005 36,298 160 1,275 - 21,431 Sundry Creditors 3,282,332 40,148 93 18,560 642 - - - - - - 3,222,889 Claims Outstanding 509,388 76,550 237 37,889 100 31,465 17,495 344,208 1,444 - Premium received in advance 174,249 5,703 11 - - - - 141,505 - 27,030 - - Premium & Other Deposits 1,097,160 - - - - - - - - - - 1,097,160 Unclaimed Amount-Policyholders 956,707 50,226 1,343 1,689 (46) (1,495) 68 538,789 78,304 4,094 - 283,735 Temporary overdraft as per books of accounts 1,017 - - - - - - - - - - 1,017
Provisions 1,068,189 - - - - - - - - - - 1,068,189
Policy Liabilities and Funds for Future Appropriations are covered by Investments and Interest accrued on Investments. # Fixed assets are not identifiable to any particular business segment. Depreciation has been allocated based on the assumption that the use of assets is proportional to the basis referred to in Note 10(b) of Schedule 16.
Bajaj Allianz Life Insurance Company Ltd. I Schedules forming part of financial statements for the year ended 31st March 2011
(Rupees '000)
56 57
Annual Report 2010-2011Bajaj Allianz Life Insurance Company Ltd. I IRDA Registration No.116 dated 3rd August, 2001
21 : Segment Reporting
Particulars Current Year Participating Policyholders' Non - Participating Policyholders' Unit Linked Policyholders' Shareholders' UnallocatedTotal Individual Individual Individual Individual Individual Group Individual Individual Group
Assuarance Pension Assuarance Health Annuity Assurance Assuarance Pension
Credit/(Debit) Fair Value Change Account 37,544 37,544 - - - - - - - - - -
Policy Liabilities 38,446,675 21,546,414 437,321 2,590,574 163,927 312,114 7,581,846 5,526,929 270,886 16,664 - -
Provision for linked liabilities 328,841,705 - - - - - - 300,477,096 19,490,662 8,873,947 - -
Funds for Future Appropriations 1,183,697 1,150,293 33,404 - - - - - - - - -
Reserve for Lapsed unit linked policies unlikely to be revived 1,745,324 - - - - - - 1,745,324 - - - -
Loans 147,078 147,078 - - - - - - - - - -
Investments 64,458,059 22,395,698 463,956 2,547,408 163,427 307,254 7,689,335 7,087,339 264,331 18,491 23,520,820 -
Assets Held to Cover Linked Liabilities 328,841,705 - - - - - - 300,477,096 19,490,662 8,873,947 - -
Fixed Assets # 1,653,709 - - - - - - - - - - 1,653,709
Cash and bank balances 4,385,098 - - - - - - - - - - 4,385,098
Advances & Other AssetsOutstanding Premium 1,084,390 891,111 4,720 176,565 11,992 - 2 - - - - - Due from Other Entities carrying on Insurance business 22,069 6,395 - 602 8,173 - 195 6,704 - - - - Income accrued on investments 1,569,322 474,554 8,131 40,731 942 5,515 197,348 171,329 7,765 622 662,385 - Unsettled Investment contract receivable 495,360 - - - - - - - - - 495,360 - Other Assets 661,316 - - - - - - - - - - 661,316
Current LiabilitiesAgents Balance 3,414,331 1,093,701 701 608,025 25,727 358 107,739 1,414,922 92,256 70,902 - - Balance due to other Insurance Companies 65,731 6,247 176 2,714 (6,575) - 4,005 36,298 160 1,275 - 21,431 Sundry Creditors 3,282,332 40,148 93 18,560 642 - - - - - - 3,222,889 Claims Outstanding 509,388 76,550 237 37,889 100 31,465 17,495 344,208 1,444 - Premium received in advance 174,249 5,703 11 - - - - 141,505 - 27,030 - - Premium & Other Deposits 1,097,160 - - - - - - - - - - 1,097,160 Unclaimed Amount-Policyholders 956,707 50,226 1,343 1,689 (46) (1,495) 68 538,789 78,304 4,094 - 283,735 Temporary overdraft as per books of accounts 1,017 - - - - - - - - - - 1,017
Provisions 1,068,189 - - - - - - - - - - 1,068,189
Policy Liabilities and Funds for Future Appropriations are covered by Investments and Interest accrued on Investments. # Fixed assets are not identifiable to any particular business segment. Depreciation has been allocated based on the assumption that the use of assets is proportional to the basis referred to in Note 10(b) of Schedule 16.
Bajaj Allianz Life Insurance Company Ltd. I Schedules forming part of financial statements for the year ended 31st March 2011
(Rupees '000)
58 59
Annual Report 2010-2011Bajaj Allianz Life Insurance Company Ltd. I IRDA Registration No.116 dated 3rd August, 2001 Bajaj Allianz Life Insurance Company Ltd. I Schedules forming part of financial statements for the year ended 31st March 2011
21 : Segment Reporting
Particulars Previous Year Participating Policyholders' Non - Participating Policyholders' Unit Linked Policyholders' Shareholders' UnallocatedTotal Individual Individual Individual Individual Individual Group Individual Individual Group
Assuarance Pension Assuarance Health Annuity Assurance Assuarance Pension
Credit/(Debit) Fair Value Change Account 28,433 28,433 - - - - - - - - - -
Policy Liabilities 30,293,404 15,240,119 376,166 1,030,552 160,464 183,950 4,171,640 8,670,678 448,819 11,016 - -
Provision for linked liabilities 284,146,154 - - - - - - 264,008,765 15,011,081 5,126,308 - -
Funds for Future Appropriations 1,023,664 994,530 29,134 - - - - - - - - -
Reserve for Lapsed unit linked policies unlikely to be revived 2,850,905 - - - - - - 2,850,905 - - - -
Loans 130,275 130,275 - - - - - - - - - -
Investments 50,076,157 16,305,353 406,605 1,036,320 254,354 184,115 4,428,070 11,522,213 453,016 32,281 15,453,830 -
Assets Held to Cover Linked Liabilities 284,146,154 - - - - - - 264,008,765 15,011,081 5,126,308 - -
Fixed Assets # 1,794,035 - - - - - - - - - - 1,794,035
Cash and bank balances 2,186,908 - - - - - - - - - - 2,186,908
Advances & Other Assets Outstanding Premium 427,502 383,977 4,486 20,629 18,410 - - - - - - - Due from Other Entities carrying on Insurance business 26,700 15,323 - 779 3,901 - 6,150 547 - - - - Income accrued on investments 1,366,121 427,234 6,637 18,393 7,457 2,558 127,719 290,582 35,955 1,870 447,716 - Unsettled Investment contract receivable 749,688 - - - - - - - - - - 749,688 Other Assets 541,619 - - - - - - - - - - 541,619
Current Liabilities Agents Balance 3,641,903 228,139 363 214,854 19,676 123 140,939 2,903,294 123,637 10,878 - - Balance due to other Insurance Companies 82,867 4,843 250 2,824 6,704 - 16,338 33,334 111 - - 18,463 Sundry Creditors 3,451,467 22,578 - 3,182 - 887 - - - - - 3,424,820 Claims Outstanding 533,843 56,353 4,592 29,505 43,423 100 20,700 307,905 71,265 - - - Premium received in advance 171,638 394 - 29 - - - 171,215 - - - - Premium & Other Deposits 1,725,733 - - - - - - - - - - 1,725,733 Unclaimed Amount-Policyholders 772,903 - - - - - - - - - - 772,903 Temporary overdraft as per books of accounts 138,357 - - - - - - - - - - 138,357
Provisions 660,226 - - - - - - - - - - 660,226
# Fixed assets are not identifiable to any particular business segment. Depreciation has been allocated based on the assumption that the use of assets is proportional to the basis referred to in Note 10(b) of Schedule 16.
(Rupees '000)
58 59
Annual Report 2010-2011Bajaj Allianz Life Insurance Company Ltd. I IRDA Registration No.116 dated 3rd August, 2001 Bajaj Allianz Life Insurance Company Ltd. I Schedules forming part of financial statements for the year ended 31st March 2011
21 : Segment Reporting
Particulars Previous Year Participating Policyholders' Non - Participating Policyholders' Unit Linked Policyholders' Shareholders' UnallocatedTotal Individual Individual Individual Individual Individual Group Individual Individual Group
Assuarance Pension Assuarance Health Annuity Assurance Assuarance Pension
Credit/(Debit) Fair Value Change Account 28,433 28,433 - - - - - - - - - -
Policy Liabilities 30,293,404 15,240,119 376,166 1,030,552 160,464 183,950 4,171,640 8,670,678 448,819 11,016 - -
Provision for linked liabilities 284,146,154 - - - - - - 264,008,765 15,011,081 5,126,308 - -
Funds for Future Appropriations 1,023,664 994,530 29,134 - - - - - - - - -
Reserve for Lapsed unit linked policies unlikely to be revived 2,850,905 - - - - - - 2,850,905 - - - -
Loans 130,275 130,275 - - - - - - - - - -
Investments 50,076,157 16,305,353 406,605 1,036,320 254,354 184,115 4,428,070 11,522,213 453,016 32,281 15,453,830 -
Assets Held to Cover Linked Liabilities 284,146,154 - - - - - - 264,008,765 15,011,081 5,126,308 - -
Fixed Assets # 1,794,035 - - - - - - - - - - 1,794,035
Cash and bank balances 2,186,908 - - - - - - - - - - 2,186,908
Advances & Other Assets Outstanding Premium 427,502 383,977 4,486 20,629 18,410 - - - - - - - Due from Other Entities carrying on Insurance business 26,700 15,323 - 779 3,901 - 6,150 547 - - - - Income accrued on investments 1,366,121 427,234 6,637 18,393 7,457 2,558 127,719 290,582 35,955 1,870 447,716 - Unsettled Investment contract receivable 749,688 - - - - - - - - - - 749,688 Other Assets 541,619 - - - - - - - - - - 541,619
Current Liabilities Agents Balance 3,641,903 228,139 363 214,854 19,676 123 140,939 2,903,294 123,637 10,878 - - Balance due to other Insurance Companies 82,867 4,843 250 2,824 6,704 - 16,338 33,334 111 - - 18,463 Sundry Creditors 3,451,467 22,578 - 3,182 - 887 - - - - - 3,424,820 Claims Outstanding 533,843 56,353 4,592 29,505 43,423 100 20,700 307,905 71,265 - - - Premium received in advance 171,638 394 - 29 - - - 171,215 - - - - Premium & Other Deposits 1,725,733 - - - - - - - - - - 1,725,733 Unclaimed Amount-Policyholders 772,903 - - - - - - - - - - 772,903 Temporary overdraft as per books of accounts 138,357 - - - - - - - - - - 138,357
Provisions 660,226 - - - - - - - - - - 660,226
# Fixed assets are not identifiable to any particular business segment. Depreciation has been allocated based on the assumption that the use of assets is proportional to the basis referred to in Note 10(b) of Schedule 16.
(Rupees '000)
60
Bajaj Allianz Life Insurance Company Ltd. I IRDA Registration No.116 dated 3rd August, 2001
22 : Summary of Financial Statements(Amount in Rs. '000)
Sr. Particulars 2010-11 2009-10 2008-09 2007-08 2006-07 2005-06 Policyholders' Account
1 Gross premium income 96,099,487 114,197,137 106,245,213 97,253,110 53,452,422 31,335,778 2 Net premium income # 95,751,789 113,913,657 106,010,710 97,120,392 53,359,827 31,282,213 3 Income from investments (Net) @ 39,123,659 99,302,163 (31,148,700) 7,001,918 3,096,821 312,417 4 Other Income 403,589 976,028 1,770,168 3,069,470 1,024,594 1,375,771 5 Total income 135,279,037 214,191,848 76,632,178 107,191,780 57,481,242 32,970,401 6 Commissions (Net) 6,164,741 9,625,696 10,515,493 14,968,622 9,466,813 3,418,670 7 Brokerage - - - - - - 8 Operating Expenses related to insurance business 16,065,847 17,716,252 18,757,915 20,043,360 10,730,189 4,868,110 9 Provisions for tax 1,923,860 653,127 157,738 93,313 73,054 41,020 10 Total Expenses 24,154,448 27,995,075 29,431,146 35,105,295 20,270,056 8,327,800 11 Payment to policy holders* 49,866,241 26,312,344 7,565,608 8,516,733 6,987,347 6,536,048 12 Increase in actuarial liability** 52,848,822 155,788,353 38,480,462 61,589,436 28,845,060 17,488,362 13 Surplus/ Deficit from operations 8,409,526 4,096,076 1,154,962 1,980,316 1,378,779 618,191
Shareholders’ Account 14 Total income under Shareholders’ Account ## 1,823,827 1,084,376 906,749 795,036 277,123 106,879 15 Profit/ (loss) before tax 10,816,647 5,569,943 (706,727) (2,138,825) (717,006) (985,406) 16 Provisions for tax 246,257 147,075 85 80 27 36 17 Profit/ (loss) after tax 10,570,390 5,422,868 (706,812) (2,138,905) (717,033) (985,442) 18 Profit/ loss carried to Balance Sheet 10,387,412 (182,978) (5,605,846) (4,899,034) (2,760,129) (2,043,096) 19 Miscellaneous
(A) Policyholders’ account: Total funds (including unit linked funds) 370,254,945 318,342,558 163,681,474 124,180,044 60,626,486 30,431,495 Total investments (including unit linked investments)
369,778,944 318,768,481 163,870,146 124,228,665 60,919,159 30,459,323
Yield on investments (%) (excluding unit linked investments) 8.28% 8.35% 8.99% 8.77% 7.17% 9.80%
(B) Shareholders’ account: Total funds (net of debit balance in Profit & Loss A/C)
22,494,057 11,923,662 6,500,794 7,207,708 4,245,236 2,955,263
Total investments 23,520,820 15,453,830 7,695,214 11,458,855 6,536,500 2,780,868 Yield on investments (%) 8.27% 8.43% 9.26% 8.66% 7.36% 5.80%
20 Yield on total investments(excluding unit linked investments) 8.27% 8.37% 9.08% 8.72% 7.24% 8.40%
21 Paid up equity capital 1,507,090 1,507,090 1,507,090 1,507,090 1,503,680 1,502,338 22 Net worth 22,494,057 11,923,662 6,500,794 7,207,708 4,245,236 2,955,263 23 Total Assets
(net of debit balance in Profit & Loss A/C)
392,749,002 330,266,220 170,182,268 131,387,754 64,871,722 33,386,758
24 Earning per share (Rs.) 70.14 35.98 (4.69) (14.22) (4.77) (6.56) 25 Book value per share (Rs.) 149.25 79.12 43.13 47.83 28.23 19.67
# Net of reinsurance @ Net of losses * Inclusive of interim bonuses, if any ** Includes fund reserve since 2003-04 ## Excludes amount transferred from the Policyholders' Account (Technical Account)
61
Annual Report 2010-2011
2010-11 2009-10
1 New business premium income growth (segment-wise) (New business premium for current year divided by new business premium for previous year)Participating 4.40 1.35Non Participating 1.44 2.98Unil Linked 0.54 0.89
2 Net retention ratio 0.996 0.998(Net premium divided by gross premium)
3 Ratio of expenses of management (**) 0.22 0.21(Expenses of management including commission divided by the total gross direct premium with Single Premium)
4 Ratio of expenses of management (**) 0.25 0.23(Expenses of management including commission expenses divided by the total gross direct premium without Single Premium)
5 Commission ratio 0.06 0.08(Gross Commission paid to Gross premium)
6 Ratio of policy holders’ liabilities to shareholders’ funds 16.46 26.707 Growth rate of share holders’ funds 1.89 1.838 Ratio of surplus to policy holders’ liability (*) 0.02 0.019 Change in net worth 1.89 1.8310 Profit after tax/ Total income 5.79 5.0011 (Total Real Estate + Loans) / Cash & invested assets 0.003 0.00312 Total investments / (Capital + Surplus) 17.48 28.0313 Total affiliated investments/ (Capital + Surplus) 0.00 0.00
23 : Ratios: (Expressed in number of times)
* Surplus including Contribution from Shareholders' account** Excluding Service tax borne by Unit linked policy holders'
24.
25.
The Revenue Account and Balance Sheet for unit linked business has been annexed to this schedule as Appendix II. Disclosure for ULIP Business as per Unit Linked Disclosure Norms issued vide Circular No. 054/IRDA/F & A/FEB-07 dated February 20, 2007, has been annexed to this schedule as Appendix III.
Disclosures for Controlled Fund as required vide Circular No. IRDA/F&I/CIR/F&A/045/03/2010 dated March 17, 2010, has been annexed to this schedule as Appendix IV.
Bajaj Allianz Life Insurance Company Ltd. I Schedules forming part of financial statements for the year ended 31st March 2011
For Dalal & Shah For B S R & Co. For Bajaj Allianz Life Insurance Company LimitedChartered Accountants Chartered AccountantsFirm Registration Firm RegistrationNo. 102021W No. 101248W
Anish Amin Juzer Miyajiwala Rahul Bajaj Heinz Dollberg Niraj BajajPartner Partner Chairman Director DirectorMember Ship No 40451 Member Ship No 47483
Sanjiv Bajaj Kamesh Goyal Ranjit GuptaDirector Alternate Director Director
S. H. Khan Suraj Mehta Manu Tandon
Director Director Director V Philip Rajesh Viswanathan Anil SinghManaging Director and Chief Financial Officer Appointed ActuaryChief Executive Officer
Sameer BakshiCompany Secretaryand Head- Legal & Compliance
Place : Pune Place : PuneDate : 6th May 2011 Date : 6th May 2011
62
Bajaj Allianz Life Insurance Company Ltd. I IRDA Registration No.116 dated 3rd August, 2001
Related Party DisclosuresAppendix I Refer Schedule 16 Note 17 (Amount in Rs.'000)
Schedules forming part of financial statements for the year ended 31st March 2011
Sr. No.
Related Party Relationship Current Year Previous Year
Total value of Transactions during the year Payment /(receipts)
Nature of Transaction Balance Outstanding
as at 31st March 2011 Receivable/
(Payable)
Amount Nature of Transaction Balance Outstanding
as at 31st March 2010 Receivable/
(Payable)
1 Bajaj Finserv Ltd. Holding Company
11,250
-
Paid towards the Revenue expenditurePaid towards the Capital expenditure
(1,270)
-
4,212
5,297
Paid towards the Revenue expenditurePaid towards the Capital expenditure
-
-
2 Bajaj Auto Ltd. Group Company
(1,521) 811
98,585 (1,209,800)
16
Insurance premium receivedInsurance claims paidInvestments PurchasedInvestments SoldPaid towards the Revenue expenditure
- - - - -
(630) 682
- - -
Insurance premium receivedInsurance claims paidInvestments PurchasedInvestments SoldPaid towards the Revenue expenditure
- - - - -
3 Bajaj Holding and Investment Ltd.
Group Company
(106,070) Investments Sold - - Investments Sold -
4 Bajaj Finance Ltd.(Earlier Known asBajaj Auto Finance Ltd.)
Group Company
(328,296) 24,123
190,413
150,000 6,667
6,966
Insurance premium receivedInsurance claims paidPaid towards the Revenue expenditureInvestments PurchasedAdvance paid towards Revenue Expenditure Paid Towards Insurance Commision
- -
35,380
- (6,667)
4,205
(210,805) 8,600
105,951
- -
-
Insurance premium receivedInsurance claims paidPaid towards the Revenue expenditure Investments Purchased
Paid Towards Insurance Commision
--
(6,532) -
-
5 Bajaj Allianz General Insurance Co. Ltd.
Group Company
(19,241) 51,967
(98,674)
51,036
(72,787) 4,268
Insurance Premium Received Insurance Premium paymentReimbursement received of Revenue and Capital expenditurePaid towards the Revenue and Capital expenditureInsurance Claim ReceivedInsurance Claims Paid
- 7,710
79,515
-
- -
(48,786) 5,752
(51,447)
71,750
(3,452) 1,596
Insurance Premium Received Insurance Premium paymentReimbursement received of Revenue and Capital expenditurePaid towards the Revenue and Capital expenditureInsurance Claim ReceivedInsurance Claims Paid
(20,303)
-
--
6 Bajaj Allianz Financial Distributors Ltd.
Group Company
-
(2,692) (1,272)
416,014
1,050
Reimbursement received of Revenue ExpenditureRental IncomeInsurance premium receivedRevenue expenditure for Outsource personnel costInsurance claims paid
-
8,181 - -
-
(653)
(2,692) (895)
392,445
-
Reimbursement received of Revenue ExpenditureRental IncomeInsurance premium receivedRevenue expenditure for Outsourced Employees cost.Insurance claims paid
12,274 -
-
7 Allianz SE Shareholder 14,164 -
(175)
Revenue expenditure for OPUSReimbursement made of Revenue Expenditure Reimbursement received Of Revenue Expenditure
(12,881) -
-
10,765 654
-
Revenue expenditure for OPUSReimbursement made of Revenue Expenditure Reimbursement received Of Revenue Expenditure
(9,714) -
-
8 Allianz Insurance Management Asia Pacific Pte. Ltd.
Group Company
(1,694)
176
Reimbursement received of Revenue ExpenditurePaid towards the Revenue expenditure
1,604
-
(314)
-
Reimbursement received of Revenue ExpenditurePaid towards the Revenue expenditure
1,452
-
9 Allianz SE Reinsurance Branch Asia Pacific.
Group Company
167,404 26,144
(4,882) 52,878
Reinsurance PremiumReinsurance CommissionReinsurance profit CommissionReinsurance Claims
(51,867)7,544
- 16,823
118,081 22,471
- 42,282
Reinsurance PremiumReinsurance CommissionReinsurance profit CommissionReinsurance Claims
(62,970) 11,757
- 17,679
10 Hind Musafir Agency Ltd.
Group Company
(698) 743
Commission on Travel ExpensesCharges for Domestic Services
(1,962) -
(542) 579
Commission on Travel ExpensesCharges for Domestic Services
(810)-
11 IDS GmbH Group Company
2,913 Remuneration for IDS services (499) 2,514 Remuneration for IDS services -
12 Allianz MENA Holding Co.SPC
Group Company
- Reimbursement received of Revenue Expenditure
- (2,100) Reimbursement received of Revenue Expenditure
-
13 Allianz Investment Management Singapore Pte.Ltd.
Group Company
38,000 Data Provision Charges (8,550) 38,886 Data Provision Charges (8,749)
63
Annual Report 2010-2011Bajaj Allianz Life Insurance Company Ltd. I Schedules forming part of financial statements for the year ended 31st March 2011
Sr. No.
Related Party Relationship Current Year Previous Year
Total value of Transactions during the year Payment /(receipts)
Nature of Transaction Balance Outstanding
as at 31st March 2011 Receivable/
(Payable)
Amount Nature of Transaction Balance Outstanding
as at 31st March 2010 Receivable/
(Payable)
14 Kamesh Goyal Key Manage-ment Personnel
37,726 Remuneration - 16,701 Remuneration -
15 V.Philip Key Manage-ment Personnel
1,885 Remuneration - - Remuneration -
16 Bajaj Electricals Ltd.
Group Company
975 Paid towards the Revenue and Capital expenditure
- 2,230 Paid towards the Revenue and Capital expenditure
387
17 Sanjay Asher Director 120 Director Sitting Fees - - Director Sitting Fees -
18 Manu Tandon Director 80 Director Sitting Fees - - Director Sitting Fees -
19 Suraj Mehta Director 60 Director Sitting Fees - - Director Sitting Fees -
20 S. H. Khan Director 160 Director Sitting Fees - - Director Sitting Fees -
64
Bajaj Allianz Life Insurance Company Ltd. I IRDA Registration No.116 dated 3rd August, 2001
(Am
ount
in R
s. '0
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(Am
ount
in R
s. '0
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stFu
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Inte
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me
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,322
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,122
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0
-
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-
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ter f
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)
(
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6,87
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(12
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9) (
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(6
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(46,
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140
-
To
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)
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2
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58
4
-
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-
-
-
-
-
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-
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Man
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172,
918
11,
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4
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31,
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71
-
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harg
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-5
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-
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(6
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(4
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(26
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)
(3,
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(7
)
-
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1
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-
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1
(57,
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18,
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3
,536
3
62,1
06
130
,655
(36
1)
-
Ad
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ccou
nt a
t the
beg
inni
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f the
year
2
,802
,961
(2,
787)
190
,436
2
3,48
5
9
44,7
90
20
8,42
5
-
-
Fund
Rev
enue
Acc
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at t
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nd o
f the
year
3
,208
,232
(60,
245)
208
,991
2
7,02
1
1,3
06,8
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3
39,0
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(36
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-
Part
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Sch
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SOU
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OF F
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P
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F -1
6
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1
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,395
958
,761
(1
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)
3
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0,09
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7
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8
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8 R
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,232
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(361
)
-
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,768
1,6
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1,1
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52
25,
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41,
186,
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2,9
80,8
40
79,
497
1,
105,
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APP
LICA
TION
OF F
UNDS
In
vest
men
ts
F -2
9
,922
,246
1,5
79,1
34
1,1
66,2
36
24,
476
4
0,02
0,89
0
2,7
38,6
15
68,
115
1,
105,
907
Cur
rent
Ass
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F -3
245
,134
91,
172
8
,762
74
7
3,7
53,6
98
2
75,0
21
11,
384
71
Less
: Cur
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Liab
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Pro
visio
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F -4
451
,612
2
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7,24
6
1
2
,587
,598
3
2,79
6
2
-
Net
Cur
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Ass
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(
206,
478)
8
9,01
6
1,5
16
746
1
,166
,100
2
42,2
25
11,
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71
Tota
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9,7
15,7
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41
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2,9
80,8
40
79,
497
1,
105,
978
(a) N
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Rs. I
n th
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9,
715,
768
1,66
8,15
01,
167,
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25,2
2241
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,990
2,98
0,84
079
,497
1,10
5,97
8 (b
) Num
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45
8,23
1
142,
569
53,
129
1
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3,0
75,0
78
2
37,6
37
7,
806
57,
046
Net
Ass
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alue
per
uni
t (a)
/(b)
(Rs.
)
21.
2028
11.
7007
21.
9797
25.
0091
13.
3938
12.
5437
10.
1836
19.
3874
(Am
ount
in R
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stFu
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Form
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L)Ap
pend
ix II
Ref
er S
ched
ule
16 N
ote
24
65
Annual Report 2010-2011Bajaj Allianz Life Insurance Company Ltd. I Appendix II Refer Schedule 16 Note 24 Form A-RA (UL)
Part
icul
ars
Sch
edul
e B
alan
ced
Plu
s Fun
d B
alan
ced
Plus
Pe
nsio
n Fu
nd
Blu
e Ch
ip
Equi
ty Fu
nd
Bon
d Fu
nd
Bon
d Pe
nsio
n Fu
nd
Cap
ital
Guar
ante
e Fu
nd- 2
012
Cap
ital
Guar
ante
e Fu
nd- 2
014
Cap
ital
Guar
ante
e Fu
nd- 2
017
INCO
ME
FROM
INVE
STM
ENTS
Inte
rest
Inco
me
-
-
3
428
,312
79,6
83
5,2
24
385
1
,541
Di
vide
nd In
com
e
-
-
6
96
-
-
4
01
25
28
5 M
iscel
lane
ous I
ncom
e
-
-
7
51
94,
247
26
,308
2
3
3
2
59
Prof
it/(L
oss)
exc
ludi
ng in
ter s
chem
e
-
-
3
97
40
1
,641
(183
)
(1
5)
108
Prof
it/(L
oss)
on
inte
r fun
d tr
ansf
er/s
ale
of in
vest
men
t
-
-
71
6,4
07
36
1,9
19
285
2
,985
Un
real
ised
Gain
/(Lo
ss)
-
-
(3,
358)
(58,
236)
(8
,426
)
(557
)
(12
9)
(587
)To
tal I
ncom
e (A
)
-
-
(
1,44
0)
470
,770
99,2
42
6,8
06
584
4
,591
EX
PENS
ESFu
nd A
dmin
istra
tion
Expe
nses
-
-
-
-
-
-
-
-
Fund
Man
agem
ent E
xpen
ses
-
-
2
,566
5
9,94
4
12,3
02
1,2
34
89
5
37
Othe
r cha
rges
F -5
-
-
7,1
46
2
99,5
64
8
,995
3
,138
2
22
1,2
72
Expr
opria
tion/
Apro
pria
tion
Char
ges
-
-
(2,
115)
(2
39)
257
(38
)
(1
4)
(89
)To
tal E
xpen
ses (
B)
-
-
7,5
97
3
59,2
69
21
,554
4
,334
2
97
1,7
20
Net I
ncom
e/(L
oss)
for t
he Y
ear (
A-B)
-
-
(9,
037)
1
11,5
01
77
,688
2
,472
2
87
2,87
1 Ad
d: R
even
ue A
ccou
nt a
t the
beg
inni
ng o
f the
year
-
-
-
1
,255
69,5
53
17,
242
1
,122
8
,906
Fu
nd R
even
ue A
ccou
nt a
t the
end
of t
he ye
ar
-
-
(
9,03
7)
112
,756
1
47,2
41
19,
714
1
,409
11,
777
Part
icul
ars
Sch
edul
e B
alan
ced
Plus
Fund
B
alan
ced
Plus
Pe
nsio
n Fu
nd
Blu
e Ch
ip
Equi
ty Fu
nd
Bon
d Fu
nd
Bon
d Pe
nsio
n Fu
nd
Cap
ital
Guar
ante
e Fu
nd- 2
012
Cap
ital
Guar
ante
e Fu
nd- 2
014
Cap
ital
Guar
ante
e Fu
nd- 2
017
SOU
RCES
OF F
UNDS
P
olic
y Hol
der's
Fund
s: P
olic
y Hol
ders
Con
trib
utio
n
F -1
737
,748
8
2,14
9
1,04
0,91
6
7,35
9,61
9
1,5
76,1
92
61,
583
4
,443
25
,231
R
even
ue A
ccou
nt
-
-
(9,
037)
1
12,7
56
147
,241
1
9,71
4
1,4
09
11,
777
Tota
l
737
,748
8
2,14
9
1,03
1,87
9
7,47
2,37
5
1,7
23,4
33
81,
297
5
,852
3
7,00
8 A
PPLI
CATI
ON O
F FUN
DS
Inve
stm
ents
F
-2
7
37,7
39
82,
147
9
40,3
32
7,2
44,9
16
1
,684
,320
8
1,28
4
5,5
32
36,
535
Cur
rent
Ass
ets
F -3
9
2
9
1,58
3
228
,309
39,5
34
6
68
320
47
4 Le
ss : C
urre
nt Li
abili
ties a
nd P
rovi
sions
F
-4
-
-
36
850
4
21
6
55
-
1
Net
Cur
rent
Ass
ets
9
2
91,
547
2
27,4
59
39
,113
13
3
20
4
73
Tota
l
737
,748
8
2,14
9
1,03
1,87
9
7,47
2,37
5
1,7
23,4
33
81,
297
5
,852
37,0
08
(a) N
et A
sset
as p
er B
alan
ce Sh
eet (
Rs. I
n th
ousa
nds)
73
7,74
882
,149
1,03
1,87
97,
472,
375
1,72
3,43
381
,297
5,85
237
,008
(b) N
umbe
r of U
nits
Out
stan
ding
(in
thou
sand
s)
32,1
97
3,7
58
1
08,8
66
4
97,3
06
112
,287
5
,983
4
29
2,5
80
Net
Ass
et V
alue
per
uni
t (a)
/(b)
(Rs.
)
22.9
136
2
1.86
13
9
.478
4
15.
0257
15
.348
5
13.
5877
13
.631
3
14
.345
6
66
Bajaj Allianz Life Insurance Company Ltd. I IRDA Registration No.116 dated 3rd August, 2001
(Am
ount
in R
s. '0
00)
stFu
nd R
even
ue A
ccou
nt fo
r the
yea
r end
ed 3
1 M
arch
201
1Fo
rm A
-RA
(UL)
Appe
ndix
II R
efer
Sch
edul
e 16
Not
e 24
(Am
ount
in R
s. '0
00)
stFu
nd B
alan
ce S
heet
as a
t 31
Mar
ch 2
011
Form
A-B
S (U
L)Ap
pend
ix II
Ref
er S
ched
ule
16 N
ote
24
Part
icul
ars
Sch
edul
e C
apita
l S
hiel
d-I
Cap
ital
Shie
ld-II
C
ash
Fund
C
ash
Plus
Fund
C
ash
Plus
Pe
nsio
n Fu
nd
Deb
t Fu
nd
Deb
t Pl
us
Fund
Deb
t Plu
s Pe
nsio
n Fu
nd
INCO
ME
FROM
INVE
STM
ENTS
Inte
rest
Inco
me
7
6,18
7
15,
767
2
4,84
3
28,
377
3,44
9
68,
464
8
7,83
6
8,1
85
Divi
dend
Inco
me
2,55
3
-
-
-
-
-
-
-
Misc
ella
neou
s Inc
ome
2,45
4
3
36
4
5,38
3
58,
296
2,09
4
13,
140
1
8,22
7
2
,715
Pr
ofit/
(Los
s) e
xclu
ding
inte
r sch
eme
9,04
7
(3
48)
629
1
,399
(2)
1
0,57
0
11,
500
9
53
Prof
it/(L
oss)
on
inte
r fun
d tr
ansf
er/s
ale
of in
vest
men
t
42,
497
(59
)
69
9
7
-
1
1,52
7
716
1,2
87
Unre
alise
d Ga
in/(
Loss
)
(48,
430)
6
4,45
3
-
-
-
(2
4,04
6)
(16
,636
) (
1,95
6)To
tal I
ncom
e (A
)
84,
308
8
0,14
9
70,
924
8
8,16
9
5,
541
7
9,65
5
101
,643
11,
184
EXPE
NSES
Fund
Adm
inist
ratio
n Ex
pens
es
-
-
11,
447
-
-
1
2,48
2
-
-
Fu
nd M
anag
emen
t Exp
ense
s
27,
107
2
2,51
4
9,
157
7,9
62
470
9,
986
8,9
18
9
40
Othe
r cha
rges
F -5
2,
792
2,31
9
16,
740
1
1,29
1
5
16
1
5,91
1
19,
976
1,2
89
Expr
opria
tion/
Apro
pria
tion
Char
ges
5
(5)
996
1
,103
73
2
5
4
31
Tota
l Exp
ense
s (B)
2
9,90
4
24,
828
3
8,34
0
20,
356
1,05
9
38,
404
2
8,89
8
2,2
60
Net I
ncom
e/(L
oss)
for t
he Y
ear (
A-B)
5
4,40
4
55,
321
3
2,58
4
67,
813
4,48
2
41,
251
7
2,74
5
8
,924
Ad
d: R
even
ue A
ccou
nt a
t the
beg
inni
ng o
f the
year
15
5,52
0
164,
707
22
1,71
0
526
,517
37,
736
29
1,42
4
428
,446
46,
347
Fund
Rev
enue
Acc
ount
at t
he e
nd o
f the
year
20
9,92
4
220,
028
25
4,29
4
594
,330
42,
218
33
2,67
5
501
,191
55,
271
Part
icul
ars
Sch
edul
e C
apita
l Sh
ield
-I C
apita
l Sh
ield
-II
Cas
h Fu
nd
Cas
h Pl
us Fu
nd
Cas
h Pl
us
Pens
ion
Fund
D
ebt
Fund
D
ebt
Plus
Fu
nd
Deb
t Plu
s Pe
nsio
n Fu
nd
SOU
RCES
OF F
UNDS
P
olic
y Hol
der's
Fund
s: P
olic
y Hol
ders
Con
trib
utio
n
F -1
797,
651
48
1,97
3
566,
790
3
50,5
29
8,97
9
147,
372
4
21,0
79
3
2,11
3 R
even
ue A
ccou
nt
20
9,92
4
220,
028
25
4,29
4
594
,330
42,
218
33
2,67
5
501
,191
55
,271
To
tal
1,0
07,5
75
70
2,00
1
821,
084
9
44,8
59
5
1,19
7
480,
047
9
22,2
70
87,3
84
APP
LICA
TION
OF F
UNDS
In
vest
men
ts
F -2
933,
730
67
6,06
0
811,
114
9
65,0
88
4
9,75
6
462,
200
8
81,1
64
85
,965
C
urre
nt A
sset
s F
-3
7
4,11
4
26,
009
1
0,02
5
6
,304
2,
110
1
8,05
0
41,
417
3,
380
Less
: Cur
rent
Liab
ilitie
s and
Pro
visio
ns
F -4
2
69
6
8
55
2
6,53
3
6
69
203
311
1
,961
N
et C
urre
nt A
sset
s
73,
845
2
5,94
1
9,
970
(
20,2
29)
1,44
1
17,
847
4
1,10
6
1,41
9 To
tal
1,0
07,5
75
70
2,00
1
821,
084
9
44,8
59
5
1,19
7
480,
047
9
22,2
70
8
7,38
4 (a
) Net
Ass
et a
s per
Bal
ance
Shee
t (Rs
. In
thou
sand
s)
1,00
7,57
570
2,00
182
1,08
494
4,85
951
,197
480,
047
922,
270
87,3
84 (b
) Num
ber o
f Uni
ts O
utst
andi
ng (i
n th
ousa
nds)
78,
006
4
7,59
2
54,
845
5
7,25
7
3,
085
3
3,06
5
57,
193
5
,265
N
et A
sset
Val
ue p
er u
nit (
a)/(
b) (R
s.)
12.
9166
1
4.75
03
14.
9710
1
6.50
21
16.
5931
1
4.51
79
16.
1257
1
6.59
66
(Am
ount
in R
s. '0
00)
stFu
nd R
even
ue A
ccou
nt fo
r the
yea
r end
ed 3
1 M
arch
201
1Fo
rm A
-RA
(UL)
Appe
ndix
II R
efer
Sch
edul
e 16
Not
e 24
(Am
ount
in R
s. '0
00)
stFu
nd B
alan
ce S
heet
as a
t 31
Mar
ch 2
011
Form
A-B
S (U
L)Ap
pend
ix II
Ref
er S
ched
ule
16 N
ote
24
67
Annual Report 2010-2011Bajaj Allianz Life Insurance Company Ltd. I Appendix II Refer Schedule 16 Note 24 Form A-RA (UL)
Part
icul
ars
Sch
edul
e E
quity
Fu
nd
Equ
ity
Gain
Fu
nd
Equ
ity
Grow
th
Fund
Equ
ity
Grow
th
Fund
II
Equ
ity
Grow
th
Pens
ion
Fund
Equ
ity
Inde
x Fu
nd
Equ
ity
Inde
x Fu
nd -
II
Equ
ity
Inde
x Pe
nsio
n Fu
nd
INCO
ME
FROM
INVE
STM
ENTS
Inte
rest
Inco
me
99
10
,354
9
3,84
5
2,30
1
2
,402
58
1
,573
5
Di
vide
nd In
com
e
5
5,75
5
119
,888
1
,076
,235
2
4,58
3
4
5,91
5
30,
026
1
,053
,228
2
,150
M
iscel
lane
ous I
ncom
e
947
72,
843
833,
787
31,
150
44,
707
5
30
36,
286
13
Prof
it/(L
oss)
exc
ludi
ng in
ter s
chem
e
(19
,145
)
1,37
1,40
1
1
2,28
3,93
3
17
6,76
1
466
,821
(15,
505)
1
,059
,614
(
483)
Prof
it/(L
oss)
on
inte
r fun
d tr
ansf
er/s
ale
of in
vest
men
t
496
,601
369
,046
912
,753
5
6,55
9
236
,553
21
0,34
0
6
51,3
32
23,2
39
Unre
alise
d Ga
in/(
Loss
)
(19
,361
)
(718
,729
)
(3
,370
,700
)
9
7,82
0
(111
,392
)
50,
059
7
,029
,158
(5,
291)
Tota
l Inc
ome
(A)
5
14,8
96
1,
224,
803
11,
829,
853
389,
174
6
85,0
06
2
75,5
08
9,8
31,1
91
19,6
33
EXPE
NSES
Fund
Adm
inist
ratio
n Ex
pens
es
5
1,72
2
113
,273
-
-
-
-
-
-
Fund
Man
agem
ent E
xpen
ses
41,
378
13
5,92
7
1,4
64,2
42
33,
277
55,
235
2
2,32
3
1,0
53,7
10
1,6
11
Othe
r cha
rges
F -5
5
0,82
3
115,
050
3
,053
,409
144
,587
4
2,29
2
3
5,94
1
4,6
33,3
36
1,3
89
Expr
opria
tion/
Apro
pria
tion
Char
ges
(1,7
57)
(
6,95
6)
(1
1,21
9)
(
7,09
2)
(1
,881
)
(8
97)
(45
,764
)
(715
)To
tal E
xpen
ses (
B)
142
,166
3
57,2
94
4,5
06,4
32
1
70,7
72
95,
646
5
7,36
7
5,6
41,2
82
2,2
85
Net I
ncom
e/(L
oss)
for t
he Y
ear (
A-B)
3
72,7
30
8
67,5
09
7,3
23,4
21
2
18,4
02
5
89,3
60
2
18,1
41
4,1
89,9
09
17,3
48
Add:
Rev
enue
Acc
ount
at t
he b
egin
ning
of t
he ye
ar
2,39
5,01
4 3
,588
,523
8
,664
,082
8,11
8
768
,881
1,02
5,79
9
7,0
80,9
47
1
03,6
84
Fund
Rev
enue
Acc
ount
at t
he e
nd o
f the
year
2,
767,
744
4,
456,
032
15,
987,
503
226,
520
1,
358,
241
1,
243,
940
11,
270,
856
1
21,0
32
Part
icul
ars
Sch
edul
e E
quity
Fu
nd
Equ
ity
Gain
Fu
nd
Equ
ity
Grow
th
Fund
Equ
ity
Grow
th
Fund
II
Equ
ity
Grow
th
Pens
ion
Fund
Equ
ity
Inde
x Fu
nd
Equ
ity
Inde
x Fu
nd -
II
Equ
ity
Inde
x Pe
nsio
n Fu
nd
SOU
RCES
OF F
UNDS
P
olic
y Hol
der's
Fund
s: P
olic
y Hol
ders
Con
trib
utio
n
F -1
303
,092
3,
509,
605
68,
067,
574
3
,213
,663
2
,924
,080
373
,388
8
2,58
9,35
3
(25,
121)
Rev
enue
Acc
ount
2,76
7,74
4
4,45
6,03
2
1
5,98
7,50
3
22
6,52
0
1,35
8,24
1 1
,243
,940
1
1,27
0,85
6
121
,032
To
tal
3,
070,
836
7,9
65,6
37
84,0
55,0
77
3,4
40,1
83
4,2
82,3
21
1,6
17,3
28
93,
860,
209
95,
911
APP
LICA
TION
OF F
UNDS
In
vest
men
ts
F -2
3
,074
,580
8,0
29,0
92
83,
612,
968
3
,346
,507
4
,253
,004
1,61
7,41
3
9
3,44
3,45
5
9
4,78
0 C
urre
nt A
sset
s F
-3
5,0
04
17
1,35
7
1,1
36,2
14
93,
813
29,
490
4,57
9
6
71,1
33
1,1
36
Less
: Cur
rent
Liab
ilitie
s and
Pro
visio
ns
F -4
8
,748
234
,812
694
,105
137
173
4,6
64
2
54,3
79
5
Net
Cur
rent
Ass
ets
(3,7
44)
(
63,4
55)
442,
109
93,
676
29,
317
(85)
416
,754
1
,131
To
tal
3,
070,
836
7,9
65,6
37
84,0
55,0
77
3,4
40,1
83
4,2
82,3
21
1,
617,
328
93,
860,
209
95,
911
(a) N
et A
sset
as p
er B
alan
ce Sh
eet (
Rs. I
n th
ousa
nds)
3,
070,
836
7,96
5,63
784
,055
,077
3,44
0,18
34,
282,
321
1,61
7,32
893
,860
,209
95,9
11 (b
) Num
ber o
f Uni
ts O
utst
andi
ng (i
n th
ousa
nds)
116
,263
221
,027
4
,963
,971
278
,505
233
,218
46,3
82
5,0
10,2
26
3,1
07
Net
Ass
et V
alue
per
uni
t (a)
/(b)
(Rs.
)
26.
4128
36.
0391
16.
9330
12.
3523
18.
3619
34.
8696
18.
7337
30.
8706
68
Bajaj Allianz Life Insurance Company Ltd. I IRDA Registration No.116 dated 3rd August, 2001
(Am
ount
in R
s. '0
00)
stFu
nd R
even
ue A
ccou
nt fo
r the
yea
r end
ed 3
1 M
arch
201
1Fo
rm A
-RA
(UL)
Appe
ndix
II R
efer
Sch
edul
e 16
Not
e 24
(Am
ount
in R
s. '0
00)
stFu
nd B
alan
ce S
heet
as a
t 31
Mar
ch 2
011
Form
A-B
S (U
L)Ap
pend
ix II
Ref
er S
ched
ule
16 N
ote
24
Part
icul
ars
Sch
edul
e E
quity
Inde
x Pe
nsio
n Fu
nd -
II
Equ
ity
Mid
cap
Fund
Equ
ity
Mid
cap
Pens
ion
Fund
Equ
ity M
idca
p Pl
us Fu
nd
Equ
ity P
lus
Fund
Equ
ity P
lus
Pens
ion
Fund
Gro
up A
sset
Al
loca
tion
Fund
Gro
up
Debt
Fu
nd
INCO
ME
FROM
INVE
STM
ENTS
Inte
rest
Inco
me
1
51
8
02
62
1,1
53
7,
827
289
7
,781
31
,785
Di
vide
nd In
com
e
8
6,25
9
2
2,66
8
2,0
83
3
2,99
3
1
62,3
63
1
0,07
4
147
-
M
iscel
lane
ous I
ncom
e
2
,454
1
4,11
6
1,3
11
1
8,91
8
1
13,9
03
7,47
8
3
,308
10
,595
Pr
ofit/
(Los
s) e
xclu
ding
inte
r sch
eme
14,
335
1
65,9
70
12,
968
1
98,2
09
1,7
57,2
52
9
5,11
3
931
1
,596
Pr
ofit/
(Los
s) o
n in
ter f
und
tran
sfer
/sal
e of
inve
stm
ent
1
47,2
87
3
22,9
87
32,
910
5
02,4
81
1
03,7
19
8
2,53
9
(18
,747
)
2
0,81
9 Un
real
ised
Gain
/(Lo
ss)
5
80,4
97
(42
4,87
0)(3
6,31
0)
(547
,889
)
(677
,565
)
(55,
322)
45,
330
(9,1
53)
Tota
l Inc
ome
(A)
8
30,9
83
1
01,6
73
13,
024
2
05,8
65
1,
467,
499
14
0,17
1
3
8,75
0
5
5,64
2 EX
PENS
ESFu
nd A
dmin
istra
tion
Expe
nses
-
18,2
07
-
-
-
-
-
-
Fu
nd M
anag
emen
t Exp
ense
s
8
6,69
3
2
1,84
8
1,9
90
3
1,48
0
1
85,6
57
1
2,20
0
3
,331
5
,272
Ot
her c
harg
es F
-5
91,
190
17,
866
814
2
0,16
7
1
55,6
70
5,55
8
1
5,82
5
670
Ex
prop
riatio
n/Ap
ropr
iatio
n Ch
arge
s
(
4,22
1)
(1
,368
)
(12
2)
(1
,755
)
(10
,004
)
(5,
215)
(3,6
04)
(
20)
Tota
l Exp
ense
s (B)
1
73,6
62
56,
553
2
,682
49,
892
331
,323
12,
543
15,
552
5,9
22
Net I
ncom
e/(L
oss)
for t
he Y
ear (
A-B)
6
57,3
21
45,
120
10,
342
1
55,9
73
1,
136,
176
12
7,62
8
2
3,19
8
4
9,72
0 Ad
d: R
even
ue A
ccou
nt a
t the
beg
inni
ng o
f the
year
8
11,1
09
8
89,2
92
1
32,0
60
1,9
16,2
31
6,0
40,2
38
57
8,95
8
(454
)
192
,909
Fu
nd R
even
ue A
ccou
nt a
t the
end
of t
he ye
ar
1,46
8,43
0
934
,412
142
,402
2
,072
,204
7,17
6,41
4
706,
586
22,
744
2
42,6
29
Part
icul
ars
Sch
edul
e E
quity
Inde
x Pe
nsio
n Fu
nd -
II
Equ
ity
Mid
cap
Fund
Equ
ity
Mid
cap
Pens
ion
Fund
Equ
ity
Mid
cap
Plus
Fund
Equ
ity
Plus
Fu
nd
Equ
ity P
lus
Pens
ion
Fund
Gro
up A
sset
Al
loca
tion
Fund
Gro
up
Debt
Fu
nd
SOU
RCES
OF F
UNDS
P
olic
y Hol
der's
Fund
s: P
olic
y Hol
ders
Con
trib
utio
n
F -1
6
,279
,520
278
,490
(32,
906)
(2
96,2
71)
3,8
77,1
33
(
4,81
1)
1,39
0,25
4
622
,318
R
even
ue A
ccou
nt
1,
468,
430
9
34,4
12
1
42,4
02
2,0
72,2
04
7,
176,
414
70
6,58
6
2
2,74
4
242
,629
To
tal
7,
747,
950
1,
212,
902
109
,496
1
,775
,933
1
1,05
3,54
7
701,
775
1,
412,
998
8
64,9
47
APP
LICA
TION
OF F
UNDS
In
vest
men
ts
F -2
7
,679
,705
1
,207
,561
109
,440
1
,767
,037
1
0,64
1,35
2
697,
651
1,
099,
854
7
55,7
69
Cur
rent
Ass
ets
F -3
6
8,53
7
1
1,05
1
88
9
17,
179
741
,907
4,
156
3
13,1
86
1
09,2
87
Less
: Cur
rent
Liab
ilitie
s and
Pro
visio
ns
F -4
292
5
,710
83
3
8
,283
329
,712
32
42
1
09
Net
Cur
rent
Ass
ets
68,
245
5,3
41
56
8,8
96
4
12,1
95
4,12
4
313
,144
109
,178
To
tal
7,
747,
950
1,
212,
902
109
,496
1
,775
,933
701,
775
1,
412,
998
8
64,9
47
(a) N
et A
sset
as p
er B
alan
ce Sh
eet (
Rs. I
n th
ousa
nds)
7,
747,
950
1,21
2,90
210
9,49
61,
775,
933
11,0
53,5
4770
1,77
51,
412,
998
864,
947
(b) N
umbe
r of U
nits
Out
stan
ding
(in
thou
sand
s)
4
22,1
95
40,
650
2
,613
47,
276
289
,703
17,
970
1
14,5
70
64,6
32
Net
Ass
et V
alue
per
uni
t (a)
/(b)
(Rs.
)
18.
3516
29.
8374
41.
9058
3
7.56
50
3
8.15
47
39.
0536
12.
3330
13.
3827
(Am
ount
in R
s. '0
00)
stFu
nd R
even
ue A
ccou
nt fo
r the
yea
r end
ed 3
1 M
arch
201
1Fo
rm A
-RA
(UL)
Appe
ndix
II R
efer
Sch
edul
e 16
Not
e 24
(Am
ount
in R
s. '0
00)
stFu
nd B
alan
ce S
heet
as a
t 31
Mar
ch 2
011
Form
A-B
S (U
L)Ap
pend
ix II
Ref
er S
ched
ule
16 N
ote
24
69
Annual Report 2010-2011Bajaj Allianz Life Insurance Company Ltd. I Appendix II Refer Schedule 16 Note 24 Form A-RA (UL)
Part
icul
ars
Sch
edul
e G
roup
Eq
uity
Inde
x Fu
nd
Gro
up
Grow
th
Fund
- I
Gro
up
Liqu
id
Fund
Gro
up
Shor
t Ter
m
Debt
Fund
Gro
wth
Plu
s Fu
nd I
Gro
wth
Plu
s Fu
nd II
Gro
wth
Pl
us
Fund
III
Life
Long
Ga
in Fu
nd
INCO
ME
FROM
INVE
STM
ENTS
Inte
rest
Inco
me
5
3
8,17
5
6,
062
5
2,76
9
1
8,25
0
60
7
900
12,
745
Divi
dend
Inco
me
2,8
62
-
-
-
-
-
-
-
Misc
ella
neou
s Inc
ome
1
51
3,39
4
6,
881
9,51
2
1
,593
35
3
182
1
,640
Pr
ofit/
(Los
s) e
xclu
ding
inte
r sch
eme
3
29
(8
)
2
04
(
1,21
2)
(497
)
6
2
(129
)
(1
,276
)Pr
ofit/
(Los
s) o
n in
ter f
und
tran
sfer
/sal
e of
inve
stm
ent
(15
5)
(15,
694)
2
(2,
393)
(2
66)
(
178)
(1
94)
56
4 Un
real
ised
Gain
/(Lo
ss)
33,5
61
1
0,14
9
-
1
1,15
9
(2
,622
)
(
8,95
0)
2
,907
(2,
050)
Tota
l Inc
ome
(A)
36,7
53
3
6,01
6
13,
149
6
9,83
5
1
6,45
8
(
8,10
6)
3
,666
11,
623
EXPE
NSES
Fund
Adm
inist
ratio
n Ex
pens
es
-
-
-
-
-
-
-
2
,370
Fu
nd M
anag
emen
t Exp
ense
s
5
,930
-
1,15
3
6,
585
3,2
61
665
2
03
1,8
96
Othe
r cha
rges
F -5
24
,724
-
204
9
36
5,9
58
1,
428
4
35
1,2
47
Expr
opria
tion/
Apro
pria
tion
Char
ges
(2,9
36)
5
3
11
(11
)
(2
)
(
6)
(6
)
1
Tota
l Exp
ense
s (B)
27,7
18
5
3
1,
368
7,51
0
9
,217
2,08
7
632
5
,514
Ne
t Inc
ome/
(Los
s) fo
r the
Yea
r (A-
B)
9
,035
35,
963
1
1,78
1
62,
325
7,2
41
(
10,1
93)
3,0
34
6,1
09
Add:
Rev
enue
Acc
ount
at t
he b
egin
ning
of t
he ye
ar
(6
,807
)
18,
172
2
6,44
5
28,
394
(2
62)
-
-
4
1,00
9 Fu
nd R
even
ue A
ccou
nt a
t the
end
of t
he ye
ar
2
,228
54,
135
3
8,22
6
90,
719
6,9
79
(
10,1
93)
3,0
34
4
7,11
8
Part
icul
ars
Sch
edul
e G
roup
Eq
uity
Inde
x Fu
nd
Gro
up
Grow
th
Fund
- I
Gro
up
Liqu
id
Fund
Gro
up
Shor
t Ter
m
Debt
Fund
Gro
wth
Pl
us
Fund
I
Gro
wth
Pl
us
Fund
II
Gro
wth
Pl
us
Fund
III
Life
Long
Ga
in Fu
nd
SOU
RCES
OF F
UNDS
P
olic
y Hol
der's
Fund
s: P
olic
y Hol
ders
Con
trib
utio
n
F -1
1
,588
,654
(54,
081)
17
9,63
9
679,
867
2
21,3
43
73,
105
47,
527
1
57,6
82
Rev
enue
Acc
ount
2
,228
54,
135
3
8,22
6
90,
719
6,9
79
(
10,1
93)
3,0
34
4
7,11
8 To
tal
1,5
90,8
82
5
4
217,
865
77
0,58
6
228
,322
6
2,91
2
5
0,56
1
204
,800
A
PPLI
CATI
ON O
F FUN
DS
Inve
stm
ents
F
-2
1,3
43,6
59
-
198,
322
74
8,01
3
221
,048
6
2,94
0
5
0,33
4
200
,684
C
urre
nt A
sset
s F
-3
2
47,2
84
5
4
19,
548
2
2,59
5
7
,283
6
229
4
,149
Le
ss : C
urre
nt Li
abili
ties a
nd P
rovi
sions
F
-4
6
1
-
5
22
9
34
2
3
3 N
et C
urre
nt A
sset
s
247
,223
54
1
9,54
3
22,
573
7,2
74
(
28)
2
27
4,1
16
Tota
l
1
,590
,882
54
21
7,86
5
770,
586
2
28,3
22
62,
912
50,
561
2
04,8
00
(a) N
et A
sset
as p
er B
alan
ce Sh
eet (
Rs. I
n th
ousa
nds)
1,
590,
882
5421
7,86
577
0,58
622
8,32
262
,912
50,5
6120
4,80
0 (b
) Num
ber o
f Uni
ts O
utst
andi
ng (i
n th
ousa
nds)
144
,137
-
1
7,34
7
65,
855
21,
453
7
,121
4
,705
15,
498
Net
Ass
et V
alue
per
uni
t (a)
/(b)
(Rs.
)
11.0
373
-
1
2.55
95
11.
7012
10.
6429
8
.835
1
10.
7473
1
3.21
45
70
Bajaj Allianz Life Insurance Company Ltd. I IRDA Registration No.116 dated 3rd August, 2001
(Am
ount
in R
s. '0
00)
stFu
nd R
even
ue A
ccou
nt fo
r the
yea
r end
ed 3
1 M
arch
201
1Fo
rm A
-RA
(UL)
Appe
ndix
II R
efer
Sch
edul
e 16
Not
e 24
(Am
ount
in R
s. '0
00)
stFu
nd B
alan
ce S
heet
as a
t 31
Mar
ch 2
011
Form
A-B
S (U
L)Ap
pend
ix II
Ref
er S
ched
ule
16 N
ote
24
Part
icul
ars
Sch
edul
e Li
quid
Fu
nd
Liqu
id
Pens
ion
Fund
Max
Ga
in
Fund
I
Max
Ga
in
Fund
II
Pre
mie
r Ba
lanc
ed
Fund
Pre
mie
r Bo
nd
Fund
Pre
mie
r D
ebt
Fund
Pre
mie
r Eq
uity
Fu
nd
INCO
ME
FROM
INVE
STM
ENTS
Inte
rest
Inco
me
41
,427
6,49
8
586
381
-
23,
197
6
,278
15
Di
vide
nd In
com
e
-
-
19,2
08
-
-
-
-
5,4
91
Misc
ella
neou
s Inc
ome
93
,221
8,25
0
116,
786
1
2,47
9
-
8
,256
3,27
5
4
3 Pr
ofit/
(Los
s) e
xclu
ding
inte
r sch
eme
1
,519
8
2
8,9
67
46
2
-
2
,818
(172
)
(3,
176)
Prof
it/(L
oss)
on
inte
r fun
d tr
ansf
er/s
ale
of in
vest
men
t
1
63
9
5,1
29
4
4
-
(10
0)
75
7
4
0,64
1 Un
real
ised
Gain
/(Lo
ss)
-
-
2
88,4
73
-
-
(5,
925)
(1,
712)
8
,014
To
tal I
ncom
e (A
)
1
36,3
30
14,
839
439
,149
13,
366
-
28,
246
8
,426
51
,028
EX
PENS
ESFu
nd A
dmin
istra
tion
Expe
nses
-
-
9,4
71
45
8
-
-
-
-
Fund
Man
agem
ent E
xpen
ses
16
,633
1,74
5
47,3
55
2,2
90
-
1
0,39
4
2,6
08
9,1
48
Othe
r cha
rges
F -5
162
,538
1,28
0
395,
436
1
4,00
0
-
5,11
6
2,0
80
6,8
51
Expr
opria
tion/
Apro
pria
tion
Char
ges
112
1
4
(10,
233)
(1,8
09)
-
3
-
(
179)
Tota
l Exp
ense
s (B)
179
,283
3,03
9
442
,029
14,
939
-
15,
513
4
,688
15
,820
Ne
t Inc
ome/
(Los
s) fo
r the
Yea
r (A-
B)
(42,
953)
11
,800
(2,8
80)
(1,5
73)
-
12,7
33
3,
738
35,
208
Add:
Rev
enue
Acc
ount
at t
he b
egin
ning
of t
he ye
ar(1
24,1
90)
9
,138
(132
,042
)
-
-
4
9,50
4
4
0,62
8
192
,780
Fu
nd R
even
ue A
ccou
nt a
t the
end
of t
he ye
ar (
167,
143)
20
,938
(13
4,92
2)
(1
,573
) -
6
2,23
7
4
4,36
6
227
,988
Part
icul
ars
Sch
edul
e Li
quid
Fu
nd
Liqu
id
Pens
ion
Fund
Max
Ga
in
Fund
I
Max
Ga
in
Fund
II
Pre
mie
r Ba
lanc
ed
Fund
Pre
mie
r Bo
nd
Fund
Pre
mie
r De
bt
Fund
Pre
mie
r Eq
uity
Fu
nd
SOU
RCES
OF F
UNDS
P
olic
y Hol
der's
Fund
s: P
olic
y Hol
ders
Con
trib
utio
n
F -1
2
,280
,791
228
,342
6
,220
,681
592
,281
53,
389
326
,266
4
9,33
6
11
0,07
0 R
even
ue A
ccou
nt
(16
7,14
3)
20,9
38
(134
,922
)
(1
,573
)
-
6
2,23
7
4
4,36
6
227
,988
To
tal
2,1
13,6
48
2
49,2
80
6,0
85,7
59
5
90,7
08
5
3,38
9
3
88,5
03
93,
702
338,
058
APP
LICA
TION
OF F
UNDS
In
vest
men
ts
F -2
2
,083
,658
245
,909
5,9
07,2
04
5
55,9
65
5
3,38
9
3
82,0
37
93,
005
338,
232
Cur
rent
Ass
ets
F -3
3
0,05
3
3,3
80
178,
823
3
4,76
8
-
6,
537
750
677
Less
: Cur
rent
Liab
ilitie
s and
Pro
visio
ns
F -4
6
3
9
2
68
2
5
-
71
53
851
Net
Cur
rent
Ass
ets
29
,990
3,37
1 1
78,5
55
3
4,74
3
-
6,4
66
697
(1
74)
Tota
l 2
,113
,648
249
,280
6,0
85,7
59
5
90,7
08
5
3,38
9
3
88,5
03
93,
702
3
38,0
58
(a) N
et A
sset
as p
er B
alan
ce Sh
eet (
Rs. I
n th
ousa
nds)
2,
113,
648
249,
280
6,08
5,75
959
0,70
853
,389
388,
503
93,7
0233
8,05
8 (b
) Num
ber o
f Uni
ts O
utst
andi
ng (i
n th
ousa
nds)
1
43,3
42
16,
817
53
9,09
0
56,
223
3
,260
2
8,20
1
6,4
26
17,4
27
Net
Ass
et V
alue
per
uni
t (a)
/(b)
(Rs.
)
14
.745
5
14
.823
4
1
1.28
90
10.
5066
16.3
751
1
3.77
63
1
4.58
16
1
9.39
84
71
Annual Report 2010-2011Bajaj Allianz Life Insurance Company Ltd. I Appendix II Refer Schedule 16 Note 24 Form A-RA (UL)
stFu
nd R
even
ue A
ccou
nt fo
r the
yea
r end
ed 3
1 M
arch
201
1Fo
rm A
-RA
(UL)
Appe
ndix
II R
efer
Sch
edul
e 16
Not
e 24
(Am
ount
in R
s. '0
00)
(Am
ount
in R
s. '0
00)
stFu
nd B
alan
ce S
heet
as a
t 31
Mar
ch 2
011
Form
A-B
S (U
L)Ap
pend
ix II
Ref
er S
ched
ule
16 N
ote
24
Part
icul
ars
Sch
edul
e P
rem
ier
Equi
ty G
ain
Fund
Pre
mie
r Eq
uity
Gr
owth
Fund
Pre
mie
r Eq
uity
Inde
x Fu
nd
Pur
e Eq
uity
Fu
nd
Pur
e St
ock
Fund
Pur
e St
ock
Pens
ion
Fund
Sec
ure
Fund
S
hiel
d Pl
us
Fund
I IN
COM
E FR
OM IN
VEST
MEN
TSIn
tere
st In
com
e
3
13
1,0
52
38
-
-
-
46
,398
199,
685
Divi
dend
Inco
me
8,10
7
2
4,69
2
1
9,65
7
2
1,41
1
57,
854
1,7
66
1,1
39
755
M
iscel
lane
ous I
ncom
e
6,
203
19,
709
3
63
10,
192
4
9,44
5
-
7
,651
25,
274
Prof
it/(L
oss)
exc
ludi
ng in
ter s
chem
e
86,
276
3
10,4
59
(
10,4
71)
1
28,9
13
4
41,2
85
7,4
76
1,5
68
3,58
3 Pr
ofit/
(Los
s) o
n in
ter f
und
tran
sfer
/sal
e of
inve
stm
ent
7
0,74
5
340
,116
7
0,55
6
152
,552
232
,441
43
2
2,13
0
12,
218
Unre
alise
d Ga
in/(
Loss
)
(59,
941)
(3
22,4
86)
1
00,9
69
(21
7,07
5)
(429
,666
)
4
,161
(1
,862
)
7,
389
Tota
l Inc
ome
(A)
11
1,70
3
373
,542
181
,112
9
5,99
3
351
,359
1
3,44
6
7
7,02
4
248,
904
EXPE
NSES
Fund
Adm
inist
ratio
n Ex
pens
es
-
-
-
-
-
-
-
-
Fund
Man
agem
ent E
xpen
ses
1
5,00
9
5
7,28
2
4
1,07
0
1
5,32
6
55,
303
2,2
81
9,0
37
3
8,93
8 Ot
her c
harg
es F
-5
1
1,15
5
3
4,46
6
2
3,85
3
5
3,08
1
262
,167
2
,440
1
,023
73,
678
Expr
opria
tion/
Apro
pria
tion
Char
ges
(415
)
(781
)
(215
)
(598
)
(3
,104
)
(386
)
(237
)
5
00
Tota
l Exp
ense
s (B)
2
5,74
9
9
0,96
7
6
4,70
8
6
7,80
9
314
,366
4
,335
9
,823
113,
116
Net I
ncom
e/(L
oss)
for t
he Y
ear (
A-B)
8
5,95
4
282
,575
116
,404
2
8,18
4
36,
993
9,1
11
67,
201
13
5,78
8 Ad
d: R
even
ue A
ccou
nt a
t the
beg
inni
ng o
f the
year
32
7,27
8
240
,341
165
,238
307
,701
497
,825
1
6,13
1
9
3,33
8
(1,
649)
Fund
Rev
enue
Acc
ount
at t
he e
nd o
f the
year
41
3,23
2
522
,916
281
,642
335
,885
534
,818
2
5,24
2
160
,539
134,
139
Part
icul
ars
Sch
edul
e P
rem
ier
Equi
ty G
ain
Fund
Pre
mie
r Eq
uity
Gr
owth
Fund
Pre
mie
r Eq
uity
Inde
x Fu
nd
Pur
e Eq
uity
Fu
nd
Pur
e St
ock
Fund
Pur
e St
ock
Pens
ion
Fund
Sec
ure
Fund
S
hiel
d Pl
us
Fund
I S
OURC
ES O
F FUN
DS
Pol
icy H
olde
r's Fu
nds:
Pol
icy H
olde
rs C
ontr
ibut
ion
F
-1
18
7,05
0
1,38
4,88
1
1,14
5,64
4
590
,852
4
,002
,034
185
,933
964
,041
2
,758
,309
R
even
ue A
ccou
nt
41
3,23
2
522
,916
281
,642
335
,885
534
,818
2
5,24
2
160
,539
134,
139
Tota
l
600,
282
1,
907,
797
1,
427,
286
9
26,7
37
4,5
36,8
52
2
11,1
75
1,1
24,5
80
2,8
92,4
48
APP
LICA
TION
OF F
UNDS
In
vest
men
ts
F -2
602,
929
1,
915,
028
1,
431,
287
1,
051,
155
4,4
50,9
80
1
77,9
88
1,0
30,3
64
2,8
50,0
70
Cur
rent
Ass
ets
F -3
-
-
2
64
67,
097
1
11,0
17
33,
196
94,
255
4
5,95
0 Le
ss : C
urre
nt Li
abili
ties a
nd P
rovi
sions
F
-4
2,64
7
7
,231
4
,265
191
,515
25,
145
9
39
3,57
2 N
et C
urre
nt A
sset
s
(2,
647)
(7,2
31)
(4,0
01)
(1
24,4
18)
8
5,87
2
3
3,18
7
9
4,21
6
42,
378
Tota
l
600,
282
1,
907,
797
1,
427,
286
9
26,7
37
4,5
36,8
52
2
11,1
75
1,1
24,5
80
2,8
92,4
48
(a) N
et A
sset
as p
er B
alan
ce Sh
eet (
Rs. I
n th
ousa
nds)
60
0,28
21,
907,
797
1,42
7,28
692
6,73
74,
536,
852
211,
175
1,12
4,58
02,
892,
448
(b) N
umbe
r of U
nits
Out
stan
ding
(in
thou
sand
s)
2
7,84
9
113
,344
8
2,42
2
3
9,45
3
206
,720
1
1,68
0
6
2,47
7
268,
447
Net
Ass
et V
alue
per
uni
t (a)
/(b)
(Rs.
)
2
1.55
46
1
6.83
19
1
7.31
69
2
3.48
97
21.
9468
18.
0799
17.
9999
1
0.77
47
72
Bajaj Allianz Life Insurance Company Ltd. I IRDA Registration No.116 dated 3rd August, 2001
stFu
nd R
even
ue A
ccou
nt fo
r the
yea
r end
ed 3
1 M
arch
201
1Fo
rm A
-RA
(UL)
Appe
ndix
II R
efer
Sch
edul
e 16
Not
e 24
(Am
ount
in R
s. '0
00)
(Am
ount
in R
s. '0
00)
stFu
nd B
alan
ce S
heet
as a
t 31
Mar
ch 2
011
Form
A-B
S (U
L)Ap
pend
ix II
Ref
er S
ched
ule
16 N
ote
24
Part
icul
ars
Sch
edul
e S
hiel
d Pl
us
Fund
II
Shi
eld
Plus
Fu
nd II
I
Sta
ble
Fund
To
tal
INCO
ME
FROM
INVE
STM
ENTS
Inte
rest
Inco
me
40,
458
2
1,38
0
133
,585
3,16
3,78
1 Di
vide
nd In
com
e
126
-
11,8
56
3,2
52,9
50
Misc
ella
neou
s Inc
ome
7,2
65
6,99
8
1
9,00
4
2,53
6,15
7 Pr
ofit/
(Los
s) e
xclu
ding
inte
r sch
eme
(1,5
35)
(
1,01
5)
3
8,95
2 2
1,40
5,90
9 Pr
ofit/
(Los
s) o
n in
ter f
und
tran
sfer
/sal
e of
inve
stm
ent
(2
77)
7
0
1
5,96
4
6,9
42,0
89
Unre
alise
d Ga
in/(
Loss
)
(1
,074
)
(2,
093)
26,
689
(1,
405,
265)
Tota
l Inc
ome
(A)
44,
963
2
5,34
0
246
,050
3
5,89
5,62
1 EX
PENS
ESFu
nd A
dmin
istra
tion
Expe
nses
-
-
-
219
,430
Fu
nd M
anag
emen
t Exp
ense
s
8
,101
4,
622
33,
530
4,4
07,9
02
Othe
r cha
rges
F -5
1
5,86
7
9,
410
3,7
92
12,
948,
745
Expr
opria
tion/
Apro
pria
tion
Char
ges
79
(104
)
(1
,395
)
(21
4,39
1)To
tal E
xpen
ses (
B)
2
4,04
7
13,
928
35,
927
17,
361,
686
Net I
ncom
e/(L
oss)
for t
he Y
ear (
A-B)
20,
916
1
1,41
2
210
,123
1
8,53
3,93
5 Ad
d: R
even
ue A
ccou
nt a
t the
beg
inni
ng o
f the
year
-
-
182
,927
4
2,30
5,08
7 Fu
nd R
even
ue A
ccou
nt a
t the
end
of t
he ye
ar
2
0,91
6
11,
412
3
93,0
50
60,
839,
022
Part
icul
ars
Sch
edul
e S
hiel
d Pl
us
Fund
II
Shi
eld
Plus
Fu
nd II
I
Sta
ble
Fund
To
tal
SOU
RCES
OF F
UNDS
P
olic
y Hol
der's
Fund
s: P
olic
y Hol
ders
Con
trib
utio
n
F -1
770
,452
1
,120
,521
2
,473
,763
2
68,0
02,6
83
Rev
enue
Acc
ount
2
0,91
6
11,
412
3
93,0
50
60,
839,
022
Tota
l
791
,368
1
,131
,933
2
,866
,813
3
28,8
41,7
05
APP
LICA
TION
OF F
UNDS
In
vest
men
ts
F -2
776
,683
1
,028
,008
2
,814
,971
3
24,3
47,5
31
Cur
rent
Ass
ets
F -3
1
5,07
8
103,
968
52,
004
9
,386
,180
Le
ss : C
urre
nt Li
abili
ties a
nd P
rovi
sions
F
-4
3
93
4
3
162
4,89
2,00
6 N
et C
urre
nt A
sset
s
1
4,68
5
103,
925
51,
842
4,
494,
174
Tota
l
791
,368
1
,131
,933
2
,866
,813
3
28,8
41,7
05
(a) N
et A
sset
as p
er B
alan
ce Sh
eet (
Rs. I
n th
ousa
nds)
79
1,36
81,
131,
933
2,86
6,81
3 (b
) Num
ber o
f Uni
ts O
utst
andi
ng (i
n th
ousa
nds)
7
4,81
6
109,
452
1
54,7
09
Net
Ass
et V
alue
per
uni
t (a)
/(b)
(Rs.
)
10.
5775
1
0.34
18
1
8.53
02
73
Annual Report 2010-2011Bajaj Allianz Life Insurance Company Ltd. I Appendix II Refer Schedule 16 Note 24 Form A-RA (UL)
(Am
ount
in R
s. '0
00)
stAs
at 3
1 M
arch
201
1Sc
hedu
les t
o Fu
nd R
even
ue A
ccou
nt
(Am
ount
in R
s. '0
00)
stAs
at 3
1 M
arch
201
1Sc
hedu
les t
o Fu
nd R
even
ue A
ccou
nt
(Am
ount
in R
s. '0
00)
stAs
at 3
1 M
arch
201
1Sc
hedu
les t
o Fu
nd R
even
ue A
ccou
nt
SCHE
DULE
F1 :
POLI
CYHO
LDER
S' CO
NTRI
BUTI
ONAp
pend
ix II
Ref
er S
ched
ule
16 N
ote
24
SCHE
DULE
F1 :
POLI
CYHO
LDER
S' CO
NTRI
BUTI
ONAp
pend
ix II
Ref
er S
ched
ule
16 N
ote
24
SCHE
DULE
F1 :
POLI
CYHO
LDER
S' CO
NTRI
BUTI
ONAp
pend
ix II
Ref
er S
ched
ule
16 N
ote
24
Par
ticul
ars
Acc
M
id C
ap
Fund
Acc
M
id C
ap
Fund
II
Acc
Mid
Cap
Pe
nsio
n Fu
nd
Acc
eler
ated
Fu
nd
Ass
et
Allo
catio
n Fu
nd
Ass
et
Allo
catio
n Pe
nsio
n Fu
nd
Ass
ured
Re
turn
Fu
nd
Bal
ance
d Fu
nd
Bal
ance
d Pl
us
Fund
O
peni
ng B
alan
ce
6
,556
,087
173
,573
459
,548
(673
)
3
2,34
5,65
9
1,81
5,22
8
-
1,3
67,3
33
8
67,6
83
Add
: Add
ition
dur
ing
the
year
2,6
56,7
65
1,
694,
146
8
29,5
69
6
15
11,
834,
327
1,
015,
853
92
,027
8
9,55
5
123
,443
Le
ss : D
educ
tion
durin
g th
e ye
ar
2
,705
,316
139
,324
330
,356
1
,741
4,29
9,89
2
189
,321
1
2,16
9
350
,910
253
,378
C
losi
ng B
alan
ce
6
,507
,536
1,72
8,39
5
958
,761
(1
,799
)
3
9,88
0,09
4
2,64
1,76
0
79,
858
1,
105,
978
7
37,7
48
Par
ticul
ars
Bal
ance
d Pl
us
Pens
ion
Fund
B
lue
Chip
Eq
uity
Fu
nd
Bon
d Fu
nd
Bon
d Pe
nsio
n Fu
nd
Cap
ital
Guar
ante
e Fu
nd- 2
012
Cap
ital
Guar
ante
e Fu
nd- 2
014
Cap
ital
Guar
ante
e Fu
nd- 2
017
Cap
ital
Shie
ld-I
Cap
ital
Shie
ld-II
Ope
ning
Bal
ance
9
6,37
9
-
5,1
59,2
29
83
4,64
6
101,
024
7
,371
4
4,21
0
8
01,2
70
4
83,0
61
Add
: Add
ition
dur
ing
the
year
2
0,29
2
1,
097,
550
5,5
24,4
66
1,5
91,9
68
149
7
28
131
24
87
Le
ss : D
educ
tion
durin
g th
e ye
ar
34,
522
5
6,63
4
3
,324
,076
850,
422
3
9,59
0
3,6
56
19,
110
3
,643
1
,175
C
losi
ng B
alan
ce
82,
149
1,0
40,9
16
7,3
59,6
19
1,5
76,1
92
6
1,58
3
4,4
43
25,
231
79
7,65
1
481
,973
Par
ticul
ars
Cas
h Fu
nd
Cas
h Pl
us
Fund
Cas
h Pl
us
Pens
ion
Fund
Deb
t Fu
nd
Deb
t Pl
us
Fund
Deb
t Plu
s Pe
nsio
n Fu
nd
Equ
ity
Fund
E
quity
Ga
in
Fund
Equ
ity
Grow
th
Fund
O
peni
ng B
alan
ce
788
,587
594
,385
3
5,32
4
249
,184
445
,050
6
5,13
0
1,38
5,14
0
6
,513
,051
72,
315,
610
Add
: Add
ition
dur
ing
the
year
1
56,1
30
6
48,5
55
73,
537
1
81,2
66
7
94,7
38
1
44,5
40
2
46,4
41
5
38,8
02
1
3,18
4,89
6 Le
ss : D
educ
tion
durin
g th
e ye
ar
377
,927
892
,411
9
9,88
2
283
,078
818
,709
177
,557
1,32
8,48
9
3
,542
,248
17,
432,
932
Clo
sing
Bal
ance
5
66,7
90
3
50,5
29
8
,979
147
,372
421
,079
3
2,11
3
303
,092
3,50
9,60
5
68
,067
,574
74
Bajaj Allianz Life Insurance Company Ltd. I IRDA Registration No.116 dated 3rd August, 2001
(Am
ount
in R
s. '0
00)
(Am
ount
in R
s. '0
00)
(Am
ount
in R
s. '0
00)
SCHE
DULE
F1 :
POLI
CYHO
LDER
S' CO
NTRI
BUTI
ON
SCHE
DULE
F1 :
POLI
CYHO
LDER
S' CO
NTRI
BUTI
ON
SCHE
DULE
F1 :
POLI
CYHO
LDER
S' CO
NTRI
BUTI
ON
stAs
at 3
1 M
arch
201
1Sc
hedu
les t
o Fu
nd R
even
ue A
ccou
nt
stAs
at 3
1 M
arch
201
1Sc
hedu
les t
o Fu
nd R
even
ue A
ccou
nt
stAs
at 3
1 M
arch
201
1Sc
hedu
les t
o Fu
nd R
even
ue A
ccou
nt
Appe
ndix
II R
efer
Sch
edul
e 16
Not
e 24
Appe
ndix
II R
efer
Sch
edul
e 16
Not
e 24
Appe
ndix
II R
efer
Sch
edul
e 16
Not
e 24
Par
ticul
ars
Equ
ity G
row
th
Fund
II
Equ
ity G
row
th
Pens
ion
Fund
E
quity
Inde
x Fu
nd
Equ
ity In
dex
Fund
- II
Equ
ity In
dex
Pens
ion
Fund
Equ
ity In
dex
Pens
ion
Fund
- II
Equ
ity
Mid
cap
Fund
Equ
ity M
idca
p Pe
nsio
n Fu
nd
Equ
ity
Mid
cap
Plus
Fund
O
peni
ng B
alan
ce
1
,601
,215
2,98
1,53
1
9
58,0
95
6
6,79
1,59
4
20,7
83
5,
185,
242
7
43,1
59
18,
390
398
,252
A
dd : A
dditi
on d
urin
g th
e ye
ar
1
,961
,910
1,20
5,25
4
2
53,0
36
28
,893
,355
4
8,99
9
3,0
29,2
99
1
35,3
23
51,
117
227
,810
Le
ss : D
educ
tion
durin
g th
e ye
ar
349
,462
1,26
2,70
5
8
37,7
43
13
,095
,596
9
4,90
3
1,9
35,0
21
5
99,9
92
102,
413
922
,333
C
losi
ng B
alan
ce
3,2
13,6
63
2,92
4,08
0
3
73,3
88
8
2,58
9,35
3
(25
,121
)
6,2
79,5
20
2
78,4
90
(32,
906)
(
296,
271)
Par
ticul
ars
Equ
ity
Plus
Fu
nd
Equ
ity P
lus
Pens
ion
Fund
Gro
up A
sset
Al
loca
tion
Fund
Gro
up
Debt
Fu
nd
Gro
up
Equi
ty In
dex
Fund
Gro
up
Grow
th
Fund
- I
Gro
up
Liqu
id
Fund
Gro
up S
hort
Te
rm D
ebt
Fund
Gro
wth
Pl
us
Fund
I O
peni
ng B
alan
ce
8,
096,
218
327
,318
6,5
75
839,
275
95,
885
50
1,81
1
1
20,9
97
63
3,77
8
248
,851
A
dd : A
dditi
on d
urin
g th
e ye
ar
1,
313,
850
145
,488
1,42
5,19
2
6
25,5
93
1,
531,
722
-
83,3
39
7
9,67
7
11,
026
Less
: Ded
uctio
n du
ring
the
year
5,53
2,93
5
4
77,6
17
41,
513
842
,550
3
8,95
3
555,
892
24
,697
33,
588
3
8,53
4 C
losi
ng B
alan
ce
3,
877,
133
(4,8
11)
1
,390
,254
62
2,31
8
1,58
8,65
4
(54,
081)
179
,639
679
,867
22
1,34
3
Par
ticul
ars
Gro
wth
Pl
us
Fund
II
Gro
wth
Pl
us
Fund
III
Life
Long
Ga
in
Fund
Liqu
id
Fund
Li
quid
Pe
nsio
n Fu
nd
Max
Ga
in
Fund
I
Max
Ga
in
Fund
II
Pre
mie
r Ba
lanc
ed
Fund
Pre
mie
r Bo
nd
Fund
O
peni
ng B
alan
ce
-
-
147
,323
1,49
3,10
5
113
,238
3,58
2,13
0
-
64
,806
30
4,90
1 A
dd : A
dditi
on d
urin
g th
e ye
ar
79
,613
5
1,15
6
146
,547
1,68
5,03
5
327
,029
2,72
1,18
1
619
,472
8
,539
25
4,74
1 Le
ss : D
educ
tion
durin
g th
e ye
ar
6
,508
3
,629
136
,188
897
,349
211
,925
8
2,63
0
2
7,19
1
19
,956
23
3,37
6 C
losi
ng B
alan
ce
7
3,10
5
4
7,52
7
157
,682
2,28
0,79
1
228
,342
6,22
0,68
1
592
,281
53
,389
32
6,26
6
75
Annual Report 2010-2011Bajaj Allianz Life Insurance Company Ltd. I Appendix II Refer Schedule 16 Note 24 Form A-RA (UL)
SCHE
DULE
F1 :
POLI
CYHO
LDER
S' CO
NTRI
BUTI
ON
SCHE
DULE
F1 :
POLI
CYHO
LDER
S' CO
NTRI
BUTI
ON
stAs
at 3
1 M
arch
201
1Sc
hedu
les t
o Fu
nd R
even
ue A
ccou
nt
stAs
at 3
1 M
arch
201
1Sc
hedu
les t
o Fu
nd R
even
ue A
ccou
nt
Appe
ndix
II R
efer
Sch
edul
e 16
Not
e 24
Appe
ndix
II R
efer
Sch
edul
e 16
Not
e 24
Par
ticul
ars
Pre
mie
r De
bt
Fund
Pre
mie
r Eq
uity
Fu
nd
Pre
mie
r Eq
uity
Ga
in Fu
nd
Pre
mie
r Eq
uity
Gr
owth
Fund
Pre
mie
r Eq
uity
In
dex
Fund
Pur
e Eq
uity
Fu
nd
Pur
e St
ock
Fund
Pur
e St
ock
Pens
ion
Fund
Sec
ure
Fund
Ope
ning
Bal
ance
40,6
63
220,
838
402
,384
1,90
7,19
9
1,3
56,3
97
804,
549
3,
081,
081
8
5,86
9
5
27,9
93
Add
: Add
ition
dur
ing
the
year
82,8
27
25,
781
27
,539
4
6,62
5
1
28,3
86
77,
509
1,
757,
074
15
2,56
3
5
59,4
21
Less
: Ded
uctio
n du
ring
the
year
74,1
54
136,
549
242
,873
568
,943
33
9,13
9
2
91,2
06
8
36,1
21
5
2,49
9
1
23,3
73
Clo
sing
Bal
ance
49,
336
110
,070
18
7,05
0
1,38
4,88
1
1,14
5,64
4
5
90,8
52
4,
002,
034
1
85,9
33
964,
041
Par
ticul
ars
Shi
eld
Plus
Fu
nd I
Shi
eld
Plus
Fu
nd II
Shi
eld
Plus
Fu
nd II
I
Sta
ble
Fund
To
tal
Ope
ning
Bal
ance
2,79
4,28
2
-
-
1
,842
,257
2
41,8
41,0
67
Add
: Add
ition
dur
ing
the
year
171
,240
82
8,95
9
1
,212
,041
783,
371
95,
309,
242
Less
: Ded
uctio
n du
ring
the
year
207
,213
5
8,50
7
91,
520
15
1,86
5
69,
147,
626
Clo
sing
Bal
ance
2,75
8,30
9
7
70,4
52
1,1
20,5
21
2,4
73,7
63
268
,002
,683
76
Bajaj Allianz Life Insurance Company Ltd. I IRDA Registration No.116 dated 3rd August, 2001
(Am
ount
in R
s. '0
00)
Sche
dule
s to
Fund
Rev
enue
Acc
ount
SCHE
DULE
F2 :
INVE
STM
ENTS
Part
icul
ars
Acc
Mid
Cap
Fu
nd
Acc
Mid
Cap
Fu
nd II
A
cc M
id C
ap
Pens
ion
Fund
A
ccel
erat
ed
Fund
A
sset
Al
loca
tion
Fund
Ass
et
Allo
catio
n Pe
nsio
n Fu
nd
Ass
ured
Re
turn
Fund
Bal
ance
d Fu
nd B
alan
ced
Plus
Fu
nd B
alan
ced
Plus
Pe
nsio
n Fu
nd
APP
ROVE
D IN
VEST
MEN
TS
Gov
ernm
ent B
onds
-
-
-
-
1
,253
,187
50,
260
65,
115
-
-
-
C
orpo
rate
Bon
ds
-
-
-
1,0
59
4,2
27,2
70
137
,082
-
-
-
-
Infra
stru
ctur
e Bo
nds
-
-
-
3,0
44
10,
244,
475
722
,670
-
-
-
-
Equ
ity
7
,220
,544
1
,143
,176
7
43,9
06
9,6
83
14,
689,
288
726
,734
-
-
-
-
Mon
ey M
arke
t
1,4
24,7
63
250
,914
2
87,7
18
1,2
78
3,6
96,3
93
631
,030
-
-
-
-
Mut
ual F
und
-
-
-
-
-
-
-
-
-
-
B
ank
Fixe
d De
posit
s
1
7,25
0
-
-
8
,150
2
,598
,700
2
70,4
00
-
-
-
-
E
quity
Link
ed D
eben
ture
-
-
-
-
1
,097
,965
-
-
-
-
-
Tota
l
8,6
62,5
57
1,3
94,0
90
1,0
31,6
24
2
3,21
4 3
7,80
7,27
8 2
,538
,176
65,
115
-
-
-
O
THER
INVE
STM
ENTS
C
orpo
rate
Bon
ds
-
-
-
-
350
,438
-
-
-
-
-
Infra
stru
ctur
e Bo
nds
-
-
-
-
-
-
-
-
-
-
E
quity
1,2
59,6
89
185
,044
1
34,6
12
1,0
62
1,8
63,1
74
120
,039
-
-
-
-
Mon
ey M
arke
t
-
-
-
-
-
-
-
-
-
-
Mut
ual F
und
-
-
-
2
00
-
8
0,40
0
3
,000
-
-
-
Gol
d ET
F
-
-
-
-
-
-
-
-
-
-
Tota
l
1,2
59,6
89
185
,044
1
34,6
12
1,2
62
2,2
13,6
12
200
,439
3
,000
-
-
-
Gra
nd To
tal
9
,922
,246
1
,579
,134
1
,166
,236
24,
476
40,
020,
890
2,7
38,6
15
6
8,11
5
-
-
-
% o
f App
rove
d to
Tota
l87
.30%
88.2
8%88
.46%
94.8
4%94
.47%
92.6
8%95
.60%
0.00
%0.
00%
0.00
%%
of O
ther
than
App
rove
d to
Tota
l12
.70%
11.7
2%11
.54%
5.16
%5.
53%
7.32
%4.
40%
0.00
%0.
00%
0.00
%
stAs
at 3
1 M
arch
201
1
Appe
ndix
II R
efer
Sch
edul
e 16
Not
e 24
77
Annual Report 2010-2011Bajaj Allianz Life Insurance Company Ltd. I Appendix II Refer Schedule 16 Note 24 Form A-RA (UL)
Sche
dule
s to
Fund
Rev
enue
Acc
ount
SCHE
DULE
F2 :
INVE
STM
ENTS
stAs
at 3
1 M
arch
201
1
Appe
ndix
II R
efer
Sch
edul
e 16
Not
e 24
Part
icul
ars
Blu
e Ch
ip
Equi
ty Fu
nd
Bon
d Fu
nd
Bond
Pen
sion
Fu
nd
Cap
ital
Guar
ante
e Fu
nd- 2
012
Cap
ital
Guar
ante
e Fu
nd- 2
014
Cap
ital
Guar
ante
e Fu
nd- 2
017
Cap
ital S
hiel
d- I Cap
ital S
hiel
d- II C
ash
Fund
C
ash
Plus
Fu
nd
APP
ROVE
D IN
VEST
MEN
TS
Gov
ernm
ent B
onds
-
-
-
3
4,81
9 1
,924
12,
896
-
-
-
-
C
orpo
rate
Bon
ds
-
1,5
24,7
34
242
,755
8
,976
-
-
18
2,74
2
6,9
94
-
-
Infra
stru
ctur
e Bo
nds
-
1,9
73,7
49
467
,656
-
-
5,
422
38
7,53
6
1
4,21
6
-
-
E
quity
7
19,3
02
-
-
2
9,93
2 1
,823
17,
072
6
7,85
6
-
-
-
M
oney
Mar
ket
173
,479
2,
762,
443
575
,859
-
2
84
-
16,
445
6
,113
608,
614
720
,338
M
utua
l Fun
d
-
-
-
-
-
-
-
-
-
-
B
ank
Fixe
d De
posit
s
-
983
,690
3
98,0
50
5,0
00
1,2
00
-
273,
210
-
20
2,50
0 2
44,7
50
Equ
ity Li
nked
Deb
entu
re
-
-
-
-
-
-
-
648
,737
-
-
To
tal
892
,781
7,
244,
616
1,6
84,3
20
78,
727
5,2
31
3
5,39
0
927,
789
676
,060
811,
114
965
,088
O
THER
INVE
STM
ENTS
C
orpo
rate
Bon
ds
-
-
-
-
-
-
-
-
-
-
Infra
stru
ctur
e Bo
nds
-
-
-
-
-
-
-
-
-
-
Equ
ity
47,
551
-
-
1
,657
1
01
945
5,
941
-
-
-
Mon
ey M
arke
t
-
-
-
-
-
-
-
-
-
-
M
utua
l Fun
d
-
300
-
9
00
200
2
00
-
-
-
-
G
old
ETF
-
-
-
-
-
-
-
-
-
-
Tota
l 4
7,55
1
300
-
2
,557
3
01
1,14
5
5,
941
-
-
-
Gra
nd To
tal
940
,332
7,
244,
916
1,6
84,3
20
81,
284
5,5
32
3
6,53
5
933,
730
676
,060
811,
114
965
,088
%
of A
ppro
ved
to To
tal
94.9
4%10
0.00
%10
0.00
%96
.85%
94.5
6%96
.87%
99.3
6%10
0.00
%10
0.00
%10
0.00
%%
of O
ther
than
App
rove
d to
Tota
l5.
06%
0.00
%0.
00%
3.15
%5.
44%
3.13
%0.
64%
0.00
%0.
00%
0.00
%
78
Bajaj Allianz Life Insurance Company Ltd. I IRDA Registration No.116 dated 3rd August, 2001
Sche
dule
s to
Fund
Rev
enue
Acc
ount
SCHE
DULE
F2 :
INVE
STM
ENTS
stAs
at 3
1 M
arch
201
1
Appe
ndix
II R
efer
Sch
edul
e 16
Not
e 24
Part
icul
ars
Cas
h Pl
us
Pens
ion
Fund
D
ebt F
und
Deb
t Plu
s Fu
nd
Deb
t Plu
s Pe
nsio
n Fu
nd
Equ
ity Fu
nd
Equ
ity G
ain
Fund
Equ
ity G
row
th
Fund
Equ
ity G
row
th
Fund
II E
quity
Gro
wth
Pe
nsio
n Fu
nd
Equ
ity In
dex
Fund
APP
ROVE
D IN
VEST
MEN
TS
Gov
ernm
ent B
onds
-
-
-
-
-
-
-
-
-
-
Cor
pora
te B
onds
-
258,
772
182
,140
1
6,50
6
-
-
-
-
-
-
Infra
stru
ctur
e Bo
nds
-
27
5,22
4 3
65,1
62
34,
991
-
-
-
-
-
-
E
quity
-
-
-
-
3,
553,
673
5,7
88,8
40
6
1,59
3,21
0
2
,104
,248
2
,921
,727
1
,927
,984
M
oney
Mar
ket
36,
156
2
36,3
14
393
,359
4
9,70
4
22,
888
550
,358
12,
645,
899
7
41,2
52
662
,248
9
,536
M
utua
l Fun
d
-
-
-
-
-
-
-
-
-
-
Ban
k Fi
xed
Depo
sits
13,
600
98,
900
247
,550
1
9,95
0
-
250
,500
577,
990
5
9,70
0 5
0,00
0 -
E
quity
Link
ed D
eben
ture
-
-
-
-
-
-
-
-
-
-
Tota
l
4
9,75
6
869
,210
1
,188
,211
1
21,1
51
3,57
6,56
1 6
,589
,698
74,
817,
099
2,9
05,2
00
3,6
33,9
75
1,9
37,5
20
OTH
ER IN
VEST
MEN
TS
Cor
pora
te B
onds
-
-
-
-
-
-
-
-
-
-
Infra
stru
ctur
e Bo
nds
-
-
-
-
-
-
-
-
-
-
E
quity
-
-
-
-
196,
717
1,4
39,3
94
8,79
4,86
9
441
,307
6
17,5
29
106
,726
M
oney
Mar
ket
-
-
-
-
-
-
-
-
-
-
M
utua
l Fun
d
-
200
-
-
-
-
1,00
0
-
1,5
00
-
Gol
d ET
F
-
-
-
-
-
-
-
-
-
-
Tota
l
-
200
-
-
196,
717
1,4
39,3
94
8,79
5,86
9
441
,307
6
19,0
29
106
,726
Gra
nd To
tal
49,
756
8
69,4
10
1,1
88,2
11
121
,151
3,
773,
278
8,0
29,0
92
8
3,61
2,96
8
3
,346
,507
4
,253
,004
2
,044
,246
%
of A
ppro
ved
to To
tal
100.
00%
99.9
8%10
0.00
%10
0.00
%94
.79%
82.0
7%89
.48%
86.8
1%85
.44%
94.7
8%%
of O
ther
than
App
rove
d to
Tota
l0.
00%
0.02
%0.
00%
0.00
%5.
21%
17.9
3%10
.52%
13.1
9%14
.56%
5.22
%
79
Annual Report 2010-2011Bajaj Allianz Life Insurance Company Ltd. I Appendix II Refer Schedule 16 Note 24 Form A-RA (UL)
Sche
dule
s to
Fund
Rev
enue
Acc
ount
SCHE
DULE
F2 :
INVE
STM
ENTS
stAs
at 3
1 M
arch
201
1
Appe
ndix
II R
efer
Sch
edul
e 16
Not
e 24
Part
icul
ars
Equ
ity In
dex
Fund
- II
Equ
ity In
dex
Pens
ion
Fund
E
quity
Inde
x Pe
nsio
n Fu
nd - II
Equ
ity M
idca
p Fu
nd E
quity
Mid
cap
Pens
ion
Fund
Equ
ity M
idca
p Pl
us Fu
nd
Equ
ity P
lus
Fund
E
quity
Plu
s Pe
nsio
n Fu
nd
Gro
up A
sset
Al
loca
tion
Fund
Gro
up D
ebt
Fund
APP
ROVE
D IN
VEST
MEN
TS
Gov
ernm
ent B
onds
-
-
-
-
-
-
-
-
1,0
02
-
C
orpo
rate
Bon
ds
-
-
-
-
-
-
-
-
50,
551
12
6,26
6 In
frast
ruct
ure
Bond
s -
-
-
-
-
-
-
-
50,
324
26
3,94
7 E
quity
8
7,63
6,85
7 1
34,1
17
7,18
7,25
1 8
12,0
79
75,
514
1,1
78,0
39
7
,724
,468
512,
894
5
85,7
50
-
M
oney
Mar
ket
937
,059
-
93,
898
249
,307
2
0,26
1 3
76,1
86
1
,330
,602
76
,844
255,
822
15
5,75
6 M
utua
l Fun
d -
-
-
-
-
-
-
-
-
-
B
ank
Fixe
d De
posit
s -
-
-
-
-
-
-
-
9
1,50
0
209,
800
Equ
ity Li
nked
Deb
entu
re
-
-
-
-
-
-
-
-
-
-
To
tal
88,
573,
916
134
,117
7,
281,
149
1,0
61,3
86
95,
775
1,5
54,2
25
9,0
55,0
70
589
,738
1,
034,
949
75
5,76
9 O
THER
INVE
STM
ENTS
C
orpo
rate
Bon
ds
-
-
-
-
-
-
-
-
-
-
In
frast
ruct
ure
Bond
s -
-
-
-
-
-
-
-
-
-
Equ
ity
4,8
69,5
39
7,4
24
39
7,85
6 1
46,1
75
13,
665
212
,812
1
,590
,141
1
07,9
13
6
3,80
5
-
Mon
ey M
arke
t -
-
-
-
-
-
-
-
-
-
Mut
ual F
und
-
200
7
00
-
-
-
-
-
1,1
00
-
G
old
ETF
-
-
-
-
-
-
-
-
-
-
To
tal
4,8
69,5
39
7,6
24
39
8,55
6 1
46,1
75
13,
665
212
,812
1
,590
,141
1
07,9
13
6
4,90
5
-
Gra
nd To
tal
93,
443,
455
141
,741
7,
679,
705
1,2
07,5
61
109
,440
1
,767
,037
1
0,64
5,21
1 6
97,6
51
1,09
9,85
4
755,
769
% o
f App
rove
d to
Tota
l94
.79%
94.6
2%94
.81%
87.9
0%87
.51%
87.9
6%85
.06%
84.5
3%94
.10%
100.
00%
% o
f Oth
er th
an A
ppro
ved
to To
tal
5.21
%5.
38%
5.19
%12
.10%
12.4
9%12
.04%
14.9
4%15
.47%
5.90
%0.
00%
80
Bajaj Allianz Life Insurance Company Ltd. I IRDA Registration No.116 dated 3rd August, 2001
Sche
dule
s to
Fund
Rev
enue
Acc
ount
SCHE
DULE
F2 :
INVE
STM
ENTS
stAs
at 3
1 M
arch
201
1
Appe
ndix
II R
efer
Sch
edul
e 16
Not
e 24
Part
icul
ars
Gro
up E
quity
In
dex
Fund
Gro
up G
row
th
Fund
- I
Gro
up Li
quid
Fu
nd
Gro
up S
hort
Te
rm D
ebt
Fund
Gro
wth
Plu
s Fu
nd I
Gro
wth
Plu
s Fu
nd II
G
row
th P
lus
Fund
III Li
fe Lo
ng G
ain
Fund
Li
quid
Fund
Li
quid
Pe
nsio
n Fu
nd
APP
ROVE
D IN
VEST
MEN
TS
Gov
ernm
ent B
onds
-
-
-
97
,352
-
-
-
27,
045
-
-
C
orpo
rate
Bon
ds
-
-
-
6
4,19
6
59,
758
-
1
,018
4
,907
-
-
Infra
stru
ctur
e Bo
nds
-
-
-
391
,465
126,
269
-
5
,877
35,
765
-
-
E
quity
1,
256,
908
-
-
-
-
-
3
4,19
7
-
-
-
Mon
ey M
arke
t
9,1
74
-
166
,872
-
20,
321
7,
270
-
114,
467
1,6
38,8
58
212
,909
M
utua
l Fun
d
-
-
-
-
-
-
-
-
-
-
B
ank
Fixe
d De
posit
s
-
-
31
,450
1
95,0
00
-
-
-
15,
000
44
4,80
0
3
3,00
0 E
quity
Link
ed D
eben
ture
-
-
-
-
-
53,
670
-
-
-
-
Tota
l
1,
266,
082
-
19
8,32
2
74
8,01
3
206
,348
60,9
40
4
1,09
2
197
,184
2,
083,
658
245
,909
O
THER
INVE
STM
ENTS
C
orpo
rate
Bon
ds
-
-
-
-
-
-
-
-
-
-
Infra
stru
ctur
e Bo
nds
-
-
-
-
-
-
-
-
-
-
E
quity
69,
577
-
-
-
-
-
7
,142
-
-
-
Mon
ey M
arke
t
-
-
-
-
-
-
-
-
-
-
Mut
ual F
und
8
,000
-
-
-
14,
700
2,0
00
2,1
00
3,5
00
-
-
G
old
ETF
-
-
-
-
-
-
-
-
-
-
Tota
l
77,
577
-
-
-
1
4,70
0
2
,000
9
,242
3
,500
-
-
Gra
nd To
tal
1,34
3,65
9
-
198
,322
748
,013
221,
048
62,9
40
5
0,33
4
200
,684
2,
083,
658
245
,909
%
of A
ppro
ved
to To
tal
94.2
3%0.
00%
100.
00%
100.
00%
93.3
5%96
.82%
81.6
4%98
.26%
100.
00%
100.
00%
% o
f Oth
er th
an A
ppro
ved
to To
tal
5.77
%0.
00%
0.00
%0.
00%
6.65
%3.
18%
18.3
6%1.
74%
0.00
%0.
00%
81
Annual Report 2010-2011Bajaj Allianz Life Insurance Company Ltd. I Appendix II Refer Schedule 16 Note 24 Form A-RA (UL)
Sche
dule
s to
Fund
Rev
enue
Acc
ount
SCHE
DULE
F2 :
INVE
STM
ENTS
stAs
at 3
1 M
arch
201
1
Appe
ndix
II R
efer
Sch
edul
e 16
Not
e 24
Part
icul
ars
Max
Gai
n Fu
nd I
Max
Gai
n Fu
nd II
P
rem
ier
Bala
nced
Fund
Pre
mie
r Bon
d Fu
nd P
rem
ier D
ebt
Fund
P
rem
ier
Equi
ty Fu
nd
Pre
mie
r Eq
uity
Gai
n Fu
nd
Pre
mie
r Eq
uity
Gro
wth
Fu
nd
Pre
mie
r Eq
uity
Inde
x Fu
nd
Pur
e Eq
uity
Fu
nd
APP
ROVE
D IN
VEST
MEN
TS
Gov
ernm
ent B
onds
-
-
-
-
-
-
-
-
-
-
Cor
pora
te B
onds
-
-
-
4
5,73
5
15
,065
-
-
-
-
-
In
frast
ruct
ure
Bond
s
-
-
-
142
,625
29,
530
-
-
-
-
-
Equ
ity
2,9
82,3
38
-
-
-
-
347
,081
4
24,6
44
1,38
6,44
9
1
,350
,672
6
72,3
03
Mon
ey M
arke
t
2
,760
,756
532,
265
-
1
31,2
67
5
4,98
6
-
8
8,86
5
249
,619
5
,847
2
47,8
12
Mut
ual F
und
-
-
-
-
-
-
-
-
-
-
B
ank
Fixe
d De
posit
s
-
1
0,00
0
-
6
2,41
0
14
,750
-
-
-
-
-
E
quity
Link
ed D
eben
ture
-
-
-
-
-
-
-
-
-
-
Tota
l
5,7
43,0
94
54
2,26
5
-
382
,037
114,
331
3
47,0
81
513
,509
1,
636,
068
1,3
56,5
19
920
,115
O
THER
INVE
STM
ENTS
C
orpo
rate
Bon
ds
-
-
-
-
-
-
-
-
-
-
In
frast
ruct
ure
Bond
s
-
-
-
-
-
-
-
-
-
-
Equ
ity
164
,110
-
-
-
-
19,
213
89,
420
2
78,9
60
7
4,76
8
131,
040
Mon
ey M
arke
t
-
-
-
-
-
-
-
-
-
-
Mut
ual F
und
-
13,
700
-
-
4,0
00
-
-
-
-
-
Gol
d ET
F
-
-
-
-
-
-
-
-
-
-
Tota
l
16
4,11
0
13,
700
-
-
4,0
00
1
9,21
3
8
9,42
0
278
,960
74,
768
13
1,04
0
Gra
nd To
tal
5,9
07,2
04
55
5,96
5
-
382
,037
118,
331
3
66,2
94
602
,929
1,
915,
028
1,4
31,2
87
1
,051
,155
%
of A
ppro
ved
to To
tal
97.2
2%97
.54%
0.00
%10
0.00
%96
.62%
94.7
5%85
.17%
85.4
3%94
.78%
87.5
3%%
of O
ther
than
App
rove
d to
Tota
l2.
78%
2.46
%0.
00%
0.00
%3.
38%
5.25
%14
.83%
14.5
7%5.
22%
12.4
7%
82
Bajaj Allianz Life Insurance Company Ltd. I IRDA Registration No.116 dated 3rd August, 2001
Sche
dule
s to
Fund
Rev
enue
Acc
ount
SCHE
DULE
F2 :
INVE
STM
ENTS
stAs
at 3
1 M
arch
201
1
Appe
ndix
II R
efer
Sch
edul
e 16
Not
e 24
Part
icul
ars
Pur
e St
ock
Fund
P
ure
Stoc
k Pe
nsio
n Fu
nd
Sec
ure
Fund
S
hiel
d Pl
us
Fund
I S
hiel
d Pl
us
Fund
II
Shi
eld
Plus
Fu
nd II
I S
tabl
e Fu
nd
Tota
l
APP
ROVE
D IN
VEST
MEN
TS
Gov
ernm
ent B
onds
-
-
77,
979
3
06,7
90
3
7,96
4
67,
059
428
2
,033
,820
C
orpo
rate
Bon
ds
-
-
17
1,73
9
99
,840
29,
952
1
43,3
35
40
4,99
2 8
,006
,384
In
frast
ruct
ure
Bond
s
-
-
294,
742
1,0
35,2
40
33
0,10
6
324
,670
650,
042
18
,174
,747
E
quity
3
,253
,354
163,
884
1
49,0
85
30
3,55
8
67,
858
-
868,
266
222
,366
,564
M
oney
Mar
ket
5
81,0
74
-
140,
002
53,0
61
3
8,46
2
223
,244
270,
103
37
,546
,354
M
utua
l Fun
d
-
-
-
-
-
-
-
-
B
ank
Fixe
d De
posit
s
-
-
180,
500
1,0
25,0
00
26
0,00
0
249
,000
527,
400
9,6
70,7
00
Equ
ity Li
nked
Deb
entu
re
-
-
-
-
-
-
-
1,8
00,3
72
Tota
l
3
,834
,428
163,
884
1,0
14,0
47
2,82
3,48
9
764,
342
1,0
07,3
08
2,72
1,23
1 99
,598
,941
O
THER
INVE
STM
ENTS
-
C
orpo
rate
Bon
ds
-
-
-
-
-
-
-
350
,438
In
frast
ruct
ure
Bond
s
-
-
-
-
-
-
-
-
Equ
ity
6
16,5
52
1
4,10
4
1
6,31
7
26
,581
5,
941
-
93,
740
24,2
33,1
52
Mon
ey M
arke
t
-
-
-
-
-
-
-
-
M
utua
l Fun
d
-
-
-
-
6,4
00
2
0,70
0
-
165
,000
G
old
ETF
-
-
-
-
-
-
-
-
To
tal
6
16,5
52
1
4,10
4
1
6,31
7
26
,581
12,
341
2
0,70
0
93,
740
2
4,74
8,59
0
Gra
nd To
tal
4,4
50,9
80
17
7,98
8
1
,030
,364
2,
850,
070
77
6,68
3
1
,028
,008
2,
814,
971
324
,347
,531
%
of A
ppro
ved
to To
tal
86.1
5%92
.08%
98.4
2%99
.07%
98.4
1%97
.99%
96.6
7%92
.37%
% o
f Oth
er th
an A
ppro
ved
to To
tal
13.8
5%7.
92%
1.58
%0.
93%
1.59
%2.
01%
3.33
%7.
63%
83
Annual Report 2010-2011Bajaj Allianz Life Insurance Company Ltd. I Appendix II Refer Schedule 16 Note 24 Form A-RA (UL)
SCHE
DULE
F3 :
CURR
ENT
ASSE
TSAp
pend
ix II
Ref
er S
ched
ule
16 N
ote
24
SCHE
DULE
F3 :
CURR
ENT
ASSE
TSAp
pend
ix II
Ref
er S
ched
ule
16 N
ote
24
(Am
ount
in R
s. '0
00)
stAs
at 3
1 M
arch
201
1Sc
hedu
les t
o Fu
nd R
even
ue A
ccou
nt
(Am
ount
in R
s. '0
00)
stAs
at 3
1 M
arch
201
1Sc
hedu
les t
o Fu
nd R
even
ue A
ccou
nt
Par
ticul
ars
Acc
Mid
Cap
Fu
nd
Acc
Mid
Cap
Fu
nd II
A
cc M
id C
ap
Pens
ion
Fund
A
ccel
erat
ed
Fund
A
sset
Al
loca
tion
Fund
Ass
et
Allo
catio
n Pe
nsio
n Fu
nd
Ass
ured
Re
turn
Fund
Bal
ance
d Fu
nd B
alan
ced
Plus
Fu
nd B
alan
ced
Plus
Pe
nsio
n Fu
nd
Acc
ured
Inte
rest
1
,167
-
-
645
5
64,1
28
42,9
34
354
-
-
-
Ban
k Ba
lanc
es
2
3,74
1
75
,517
-
7
2
1
55,1
03
22,1
47
1
1,02
3
71
9
2
Div
iden
d Re
ceiv
able
4
,004
484
42
3
-
3,5
10
2
40
-
-
-
-
Rec
eiva
bles
for S
ale
of In
vest
men
ts
6
8,19
3
10
,012
8,3
39
-
2
,585
,503
195
,232
-
-
-
-
Mar
gin
Rece
ivab
le
1
16,6
31
-
-
-
312
,394
4
,855
-
-
-
-
App
ropr
iatio
n / E
xpro
pria
tion
(ASS
ETS)
31,
398
5,1
59
-
30
133
,060
9
,613
7
-
-
-
App
licat
ion
Mon
ey
-
-
-
-
-
-
-
-
-
-
Tota
l
245
,134
91
,172
8,7
62
7
47
3
,753
,698
275
,021
11,
384
71
9
2
Par
ticul
ars
Blu
e Ch
ip
Equi
ty Fu
nd
Bon
d Fu
nd
Bond
Pen
sion
Fu
nd
Cap
ital
Guar
ante
e Fu
nd- 2
012
Cap
ital
Guar
ante
e Fu
nd- 2
014
Cap
ital
Guar
ante
e Fu
nd- 2
017
Cap
ital S
hiel
d- I Cap
ital S
hiel
d- II C
ash
Fund
C
ash
Plus
Fu
nd
Acc
ured
Inte
rest
-
15
7,41
2
28,
429
661
2
92
381
74,
033
2
5,84
1
7
,370
6,
294
Ban
k Ba
lanc
es
8
9,42
2
70,
154
1
1,10
5
-
2
2
53
-
98
2,6
47
-
Div
iden
d Re
ceiv
able
45
-
-
7
-
3
81
-
-
-
Rec
eiva
bles
for S
ale
of In
vest
men
ts
-
-
-
-
-
-
-
-
-
-
Mar
gin
Rece
ivab
le
-
-
-
-
-
-
-
-
-
-
App
ropr
iatio
n / E
xpro
pria
tion
(ASS
ETS)
2,
116
743
-
-
6
3
7
-
7
0
8
10
App
licat
ion
Mon
ey
-
-
-
-
-
-
-
-
-
-
Tota
l
91,
583
22
8,30
9
39,
534
668
3
20
474
74,
114
2
6,00
9
10
,025
6,
304
84
Bajaj Allianz Life Insurance Company Ltd. I IRDA Registration No.116 dated 3rd August, 2001
SCHE
DULE
F3 :
CURR
ENT
ASSE
TSAp
pend
ix II
Ref
er S
ched
ule
16 N
ote
24
SCHE
DULE
F3 :
CURR
ENT
ASSE
TSAp
pend
ix II
Ref
er S
ched
ule
16 N
ote
24
(Am
ount
in R
s. '0
00)
stAs
at 3
1 M
arch
201
1Sc
hedu
les t
o Fu
nd R
even
ue A
ccou
nt
(Am
ount
in R
s. '0
00)
stAs
at 3
1 M
arch
201
1Sc
hedu
les t
o Fu
nd R
even
ue A
ccou
nt
Par
ticul
ars
Cas
h Pl
us
Pens
ion
Fund
D
ebt F
und
Deb
t Plu
s Fu
nd
Deb
t Plu
s Pe
nsio
n Fu
nd
Equ
ity Fu
nd
Equ
ity G
ain
Fund
Equ
ity G
row
th
Fund
Equ
ity G
row
th
Fund
II E
quity
Gro
wth
Pe
nsio
n Fu
nd E
quity
Inde
x Fu
nd
Acc
ured
Inte
rest
2,
109
1
3,84
8
29,
015
3,3
80
-
6,3
00
2
8,41
1
3,
880
1,49
1
-
Ban
k Ba
lanc
es
-
4,
113
1
2,28
0
-
4,
311
12
,353
183,
594
7
9,04
4
14,
172
4
,203
Div
iden
d Re
ceiv
able
-
-
-
-
693
1
20
6
1,88
5
-
-
37
6
Rec
eiva
bles
for S
ale
of In
vest
men
ts
-
-
-
-
-
134
,579
590,
624
-
-
-
Mar
gin
Rece
ivab
le
-
-
-
-
-
18
,005
-
-
-
-
App
ropr
iatio
n / E
xpro
pria
tion
(ASS
ETS)
1
8
9
1
22
-
-
-
27
1,70
0
10,
889
1
3,82
7
-
App
licat
ion
Mon
ey
-
-
-
-
-
-
-
-
-
-
Tota
l
2,
110
1
8,05
0
41,
417
3,3
80
5,00
4
1
71,3
57
1,1
36,2
14
9
3,81
3
29,
490
4
,579
Par
ticul
ars
Equ
ity In
dex
Fund
- II
Equ
ity In
dex
Pens
ion
Fund
E
quity
Inde
x Pe
nsio
n Fu
nd - II
Equ
ity M
idca
p Fu
nd E
quity
Mid
cap
Pens
ion
Fund
Equ
ity M
idca
p Pl
us Fu
nd
Equ
ity P
lus
Fund
E
quity
Plu
s Pe
nsio
n Fu
nd
Gro
up A
sset
Al
loca
tion
Fund
Gro
up D
ebt
Fund
Acc
ured
Inte
rest
-
-
-
-
-
-
-
-
11
,884
12
,734
Ban
k Ba
lanc
es
23
7,64
1
7
88
49,
874
1,61
5
-
3,2
71
27,4
06
1,8
88
2
97,6
89
96,4
76
Div
iden
d Re
ceiv
able
16,
849
2
7
1,3
82
412
43
668
1
,007
-
-
-
Rec
eiva
bles
for S
ale
of In
vest
men
ts
14
9,51
3
-
-
9,02
4
846
13,
240
5
78,7
42
-
-
-
Mar
gin
Rece
ivab
le
5
6,95
3
-
-
-
-
-
34,7
52
-
-
-
App
ropr
iatio
n / E
xpro
pria
tion
(ASS
ETS)
210,
177
321
1
7,28
1
-
-
-
-
2
,268
3
,613
77
App
licat
ion
Mon
ey
-
-
-
-
-
-
1
00,0
00
-
-
-
Tota
l
671,
133
1,13
6 6
8,53
7
11,
051
8
89
1
7,17
9
741
,907
4
,156
313
,186
10
9,28
7
SCHE
DULE
F3 :
CURR
ENT
ASSE
TSAp
pend
ix II
Ref
er S
ched
ule
16 N
ote
24
SCHE
DULE
F3 :
CURR
ENT
ASSE
TSAp
pend
ix II
Ref
er S
ched
ule
16 N
ote
24
(Am
ount
in R
s. '0
00)
stAs
at 3
1 M
arch
201
1Sc
hedu
les t
o Fu
nd R
even
ue A
ccou
nt
(Am
ount
in R
s. '0
00)
stAs
at 3
1 M
arch
201
1Sc
hedu
les t
o Fu
nd R
even
ue A
ccou
nt
85
Annual Report 2010-2011Bajaj Allianz Life Insurance Company Ltd. I Appendix II Refer Schedule 16 Note 24 Form A-RA (UL)
Par
ticul
ars
Gro
up E
quity
In
dex
Fund
Gro
up G
row
th
Fund
- I
Gro
up Li
quid
Fu
nd
Gro
up S
hort
Te
rm D
ebt
Fund
Gro
wth
Plu
s Fu
nd I
Gro
wth
Plu
s Fu
nd II
G
row
th P
lus
Fund
III Li
fe Lo
ng G
ain
Fund
Li
quid
Fund
Li
quid
Pe
nsio
n Fu
nd
Acc
ured
Inte
rest
-
-
2,0
23
1
8,42
1
7,2
54
-
2
11
1
,330
16
,197
2,
857
Ban
k Ba
lanc
es
24
4,04
5
54
1
7,52
3
4,0
97
7
-
13
2
,819
13
,834
5
23
Div
iden
d Re
ceiv
able
2
15
-
-
-
-
-
-
-
-
-
Rec
eiva
bles
for S
ale
of In
vest
men
ts
-
-
-
-
-
-
-
-
-
-
Mar
gin
Rece
ivab
le
-
-
-
-
-
-
-
-
-
-
App
ropr
iation
/ Ex
prop
riatio
n (A
SSET
S)
3,02
4
-
2
77
22
6
5
-
22
-
App
licat
ion
Mon
ey
-
-
-
-
-
-
-
-
-
-
Tota
l
247,
284
54
19,
548
2
2,59
5
7,2
83
6
2
29
4
,149
30
,053
3,
380
Par
ticul
ars
Max
Gai
n Fu
nd I
Max
Gai
n Fu
nd II
P
rem
ier
Bala
nced
Fund
Pre
mie
r Bon
d Fu
nd P
rem
ier D
ebt
Fund
P
rem
ier
Equi
ty Fu
nd
Pre
mie
r Eq
uity
Gai
n Fu
nd
Pre
mie
r Eq
uity
Gro
wth
Fu
nd
Pre
mie
r Eq
uity
Inde
x Fu
nd
Pur
e Eq
uity
Fu
nd
Acc
ured
Inte
rest
-
65
0
-
5
,893
7
50
-
-
-
-
-
Ban
k Ba
lanc
es
1
59,0
50
32,
309
-
6
44
-
6
09
-
-
-
2,2
13
Div
iden
d Re
ceiv
able
573
-
-
-
-
6
8
-
-
264
825
Rec
eiva
bles
for S
ale
of In
vest
men
ts
-
-
-
-
-
-
-
-
-
16,0
72
Mar
gin
Rece
ivab
le
-
-
-
-
-
-
-
-
-
47,9
87
Appr
opria
tion /
Expr
opria
tion (
ASSE
TS)
19,2
00
1
,809
-
-
-
-
-
-
-
-
App
licat
ion
Mon
ey
-
-
-
-
-
-
-
-
-
-
Tota
l
178
,823
3
4,76
8
-
6
,537
7
50
677
-
-
264
67
,097
86
Bajaj Allianz Life Insurance Company Ltd. I IRDA Registration No.116 dated 3rd August, 2001
SCHE
DULE
F3 :
CURR
ENT
ASSE
TSAp
pend
ix II
Ref
er S
ched
ule
16 N
ote
24
(Am
ount
in R
s. '0
00)
stAs
at 3
1 M
arch
201
1Sc
hedu
les t
o Fu
nd R
even
ue A
ccou
nt
Par
ticul
ars
Pur
e St
ock
Fund
P
ure
Stoc
k Pe
nsio
n Fu
nd
Sec
ure
Fund
S
hiel
d Pl
us
Fund
I S
hiel
d Pl
us
Fund
II
Shi
eld
Plus
Fu
nd II
I S
tabl
e Fu
nd
Tota
l
Acc
ured
Inte
rest
-
-
30
,026
45,
584
14,9
97
1
8,84
9
47,
375
1,2
35,4
10
Ban
k Ba
lanc
es
2
1,87
7
32,
244
63,6
98
-
-
85,
014
1,12
5 2
,173
,602
Div
iden
d Re
ceiv
able
3
,908
2
74
-
366
81
-
6
41
99
,474
Rec
eiva
bles
for S
ale
of In
vest
men
ts
6
4,28
7
-
-
-
-
-
-
4,
424,
206
Mar
gin
Rece
ivab
le
6,3
18
-
-
-
-
-
-
5
97,8
95
App
ropr
iatio
n / E
xpro
pria
tion
(ASS
ETS)
14,
627
678
531
-
-
105
2,
863
7
55,5
93
App
licat
ion
Mon
ey
-
-
-
-
-
-
-
100
,000
Tota
l
111
,017
33,
196
94,2
55
4
5,95
0
15
,078
103,
968
5
2,00
4 9,
386,
180
87
Annual Report 2010-2011Bajaj Allianz Life Insurance Company Ltd. I Appendix II Refer Schedule 16 Note 24 Form A-RA (UL)
(Am
ount
in R
s. '0
00)
stAs
at 3
1 M
arch
201
1Sc
hedu
les t
o Fu
nd R
even
ue A
ccou
ntSC
HEDU
LE F4
: CU
RREN
T LI
ABIL
ITIE
SAp
pend
ix II
Ref
er S
ched
ule
16 N
ote
24
(Am
ount
in R
s. '0
00)
stAs
at 3
1 M
arch
201
1Sc
hedu
les t
o Fu
nd R
even
ue A
ccou
ntSC
HEDU
LE F4
: CU
RREN
T LI
ABIL
ITIE
SAp
pend
ix II
Ref
er S
ched
ule
16 N
ote
24
(Am
ount
in R
s. '0
00)
stAs
at 3
1 M
arch
201
1Sc
hedu
les t
o Fu
nd R
even
ue A
ccou
ntSC
HEDU
LE F4
: CU
RREN
T LI
ABIL
ITIE
SAp
pend
ix II
Ref
er S
ched
ule
16 N
ote
24
Par
ticul
ars
Acc
Mid
Cap
Fu
nd
Acc
Mid
Cap
Fu
nd II
A
cc M
id C
ap
Pens
ion
Fund
A
ccel
erat
ed
Fund
A
sset
Al
loca
tion
Fund
Ass
et
Allo
catio
n Pe
nsio
n Fu
nd
Ass
ured
Re
turn
Fund
Bal
ance
d Fu
nd B
alan
ced
Plus
Fu
nd B
alan
ced
Plus
Pe
nsio
n Fu
nd
Pay
able
for p
urch
ase
of In
vest
men
ts
4
51,1
01
2
,091
1,6
01
-
2,5
86,0
40
3
2,68
4
-
-
-
-
O
ther
Cur
rent
Liab
ilitie
s:
511
65
47
1
1
,558
1
12
2
-
-
-
Ban
k Ba
lanc
es
-
-
1,7
84
-
-
-
-
-
-
-
A
ppro
pria
tion
/ Exp
ropr
iatio
n (L
iabi
lity)
-
-
3
,814
-
-
-
-
-
-
-
Tota
l
451
,612
2,1
56
7
,246
1
2,58
7,59
8
32,
796
2
-
-
-
Par
ticul
ars
Blu
e Ch
ip
Equi
ty Fu
nd
Bon
d Fu
nd
Bond
Pen
sion
Fu
nd
Cap
ital
Guar
ante
e Fu
nd- 2
012
Cap
ital
Guar
ante
e Fu
nd- 2
014
Cap
ital
Guar
ante
e Fu
nd- 2
017
Cap
ital S
hiel
d- I Cap
ital S
hiel
d- II C
ash
Fund
C
ash
Plus
Fu
nd
Pay
able
for p
urch
ase
of In
vest
men
ts
-
-
-
-
-
-
-
-
-
-
O
ther
Cur
rent
Liab
ilitie
s:
36
850
250
3
-
1
84
6
8
55
23
Ban
k Ba
lanc
es
-
-
-
569
-
-
85
-
-
2
6,51
0 A
ppro
pria
tion
/ Exp
ropr
iatio
n (L
iabi
lity)
-
-
171
83
-
-
100
-
-
-
Tota
l
36
850
421
6
55
-
1
269
6
8
55
26,
533
Par
ticul
ars
Cas
h Pl
us
Pens
ion
Fund
D
ebt F
und
Deb
t Plu
s Fu
nd
Deb
t Plu
s Pe
nsio
n Fu
nd
Equ
ity Fu
nd
Equ
ity G
ain
Fund
Equ
ity G
row
th
Fund
Equ
ity G
row
th
Fund
II E
quity
Gro
wth
Pe
nsio
n Fu
nd
Equ
ity In
dex
Fund
Pay
able
for p
urch
ase
of In
vest
men
ts
-
-
-
-
-
20
8,21
5
6
89,6
84
-
-
-
Oth
er C
urre
nt Li
abili
ties:
1
203
31
1
25
257
66
3
4,4
21
137
17
3
64
Ban
k Ba
lanc
es
668
-
-
1,9
24
-
-
-
-
-
-
App
ropr
iatio
n / E
xpro
pria
tion
(Lia
bilit
y)
-
-
-
12
8
,491
25,
934
-
-
-
4
,600
To
tal
669
203
31
1
1,9
61
8
,748
234,
812
694
,105
1
37
173
4
,664
(Am
ount
in R
s. '0
00)
stAs
at 3
1 M
arch
201
1Sc
hedu
les t
o Fu
nd R
even
ue A
ccou
ntSC
HEDU
LE F4
: CU
RREN
T LI
ABIL
ITIE
SAp
pend
ix II
Ref
er S
ched
ule
16 N
ote
24
(Am
ount
in R
s. '0
00)
stAs
at 3
1 M
arch
201
1Sc
hedu
les t
o Fu
nd R
even
ue A
ccou
ntSC
HEDU
LE F4
: CU
RREN
T LI
ABIL
ITIE
SAp
pend
ix II
Ref
er S
ched
ule
16 N
ote
24
(Am
ount
in R
s. '0
00)
stAs
at 3
1 M
arch
201
1Sc
hedu
les t
o Fu
nd R
even
ue A
ccou
ntSC
HEDU
LE F4
: CU
RREN
T LI
ABIL
ITIE
SAp
pend
ix II
Ref
er S
ched
ule
16 N
ote
24
88
Bajaj Allianz Life Insurance Company Ltd. I IRDA Registration No.116 dated 3rd August, 2001
Par
ticul
ars
Equ
ity In
dex
Fund
- II
Equ
ity In
dex
Pens
ion
Fund
E
quity
Inde
x Pe
nsio
n Fu
nd - II
Equ
ity M
idca
p Fu
nd E
quity
Mid
cap
Pens
ion
Fund
Equ
ity M
idca
p Pl
us Fu
nd
Equ
ity P
lus
Fund
E
quity
Plu
s Pe
nsio
n Fu
nd
Gro
up A
sset
Al
loca
tion
Fund
Gro
up D
ebt
Fund
Pay
able
for p
urch
ase
of In
vest
men
ts
250
,824
-
-
1,6
60
152
2,4
22
29
3,24
4
-
-
-
O
ther
Cur
rent
Liab
ilitie
s:
3,5
55
5
2
92
101
5
8
1
502
32
42
1
09
Ban
k Ba
lanc
es
-
-
-
-
3
18
-
-
-
-
-
A
ppro
pria
tion
/ Exp
ropr
iatio
n (L
iabi
lity)
-
-
-
3
,949
3
58
5
,780
35,
966
-
-
-
Tota
l
2
54,3
79
5
2
92
5
,710
8
33
8
,283
329,
712
32
42
1
09
Par
ticul
ars
Gro
up E
quity
In
dex
Fund
Gro
up G
row
th
Fund
- I
Gro
up Li
quid
Fu
nd
Gro
up S
hort
Te
rm D
ebt
Fund
Gro
wth
Plu
s Fu
nd I
Gro
wth
Plu
s Fu
nd II
G
row
th P
lus
Fund
III Li
fe Lo
ng G
ain
Fund
Li
quid
Fund
Li
quid
Pe
nsio
n Fu
nd
Pay
able
for p
urch
ase
of In
vest
men
ts
-
-
-
-
-
-
-
-
-
-
O
ther
Cur
rent
Liab
ilitie
s:
61
-
5
22
9
2
2
1
3
63
7
B
ank
Bala
nces
-
-
-
-
-
3
2
-
-
-
-
App
ropr
iatio
n / E
xpro
pria
tion
(Lia
bilit
y)
-
-
-
-
-
-
-
20
-
2
Tota
l
61
-
5
22
9
3
4
2
3
3
63
9
Par
ticul
ars
Max
Gai
n Fu
nd I
Max
Gai
n Fu
nd II
P
rem
ier
Bala
nced
Fund
Pre
mie
r Bon
d Fu
nd P
rem
ier D
ebt
Fund
P
rem
ier
Equi
ty Fu
nd
Pre
mie
r Eq
uity
Gai
n Fu
nd
Pre
mie
r Eq
uity
Gro
wth
Fu
nd
Pre
mie
r Eq
uity
Inde
x Fu
nd
Pur
e Eq
uity
Fu
nd
Pay
able
for p
urch
ase
of In
vest
men
ts
-
-
-
-
-
-
-
-
-
18
8,45
8 O
ther
Cur
rent
Liab
ilitie
s:
268
25
-
3
2
8
25
41
1
59
1
19
42
B
ank
Bala
nces
-
-
-
-
33
-
6
47
8
47
9
25
-
A
ppro
pria
tion
/ Exp
ropr
iatio
n (L
iabi
lity)
-
-
-
3
9
12
826
1
,959
6
,225
3
,221
3,0
15
Tota
l
268
25
-
7
1
53
851
2
,647
7
,231
4
,265
1
91,5
15
stAs
at 3
1 M
arch
201
1Sc
hedu
les t
o Fu
nd R
even
ue A
ccou
ntSC
HEDU
LE F4
: CU
RREN
T LI
ABIL
ITIE
SAp
pend
ix II
Ref
er S
ched
ule
16 N
ote
24
89
Annual Report 2010-2011Bajaj Allianz Life Insurance Company Ltd. I Appendix II Refer Schedule 16 Note 24 Form A-RA (UL)
Par
ticul
ars
Pur
e St
ock
Fund
P
ure
Stoc
k Pe
nsio
n Fu
nd
Sec
ure
Fund
S
hiel
d Pl
us
Fund
I S
hiel
d Pl
us
Fund
II
Shi
eld
Plus
Fu
nd II
I S
tabl
e Fu
nd
Tota
l
Pay
able
for p
urch
ase
of In
vest
men
ts
2
4,96
2
-
-
-
-
-
-
4,7
33,1
38
Oth
er C
urre
nt Li
abili
ties:
183
9
39
118
32
4
3
16
2
16,1
34
Ban
k Ba
lanc
es
-
-
-
3,16
4
2
82
-
-
37
,788
A
ppro
pria
tion
/ Exp
ropr
iatio
n (L
iabi
lity)
-
-
-
2
90
79
-
-
1
04,9
46
Tota
l
25,
145
9
3
9
3,
572
393
43
162
4,8
92,0
06
90
Bajaj Allianz Life Insurance Company Ltd. I IRDA Registration No.116 dated 3rd August, 2001
(Am
ount
in R
s. '0
00)
stAs
at 3
1 M
arch
201
1Sc
hedu
les t
o Fu
nd R
even
ue A
ccou
ntSC
HEDU
LE F5
: OT
HER
EXPE
NSES
Appe
ndix
II R
efer
Sch
edul
e 16
Not
e 24
(Am
ount
in R
s. '0
00)
stAs
at 3
1 M
arch
201
1Sc
hedu
les t
o Fu
nd R
even
ue A
ccou
ntSC
HEDU
LE F5
: OT
HER
EXPE
NSES
Appe
ndix
II R
efer
Sch
edul
e 16
Not
e 24
Par
ticul
ars
Acc
Mid
Cap
Fu
nd
Acc
Mid
Cap
Fu
nd II
A
cc M
id C
ap
Pens
ion
Fund
A
ccel
erat
ed
Fund
A
sset
Al
loca
tion
Fund
Ass
et
Allo
catio
n Pe
nsio
n Fu
nd
Ass
ured
Re
turn
Fund
Bal
ance
d Fu
nd B
alan
ced
Plus
Fu
nd B
alan
ced
Plus
Pe
nsio
n Fu
nd
Pol
icy A
dmin
istra
tion
Char
ge
1
67,1
47
47,
850
7
,937
-
1
,908
,421
3
1,01
8
-
-
-
-
Sur
rend
er C
harg
e
-
-
-
-
-
-
-
-
-
-
Sw
itchi
ng C
harg
e
78
-
11
-
11
-
-
-
-
-
Mor
talit
y Cha
rge
79,4
88
18,
225
891
-
462
,736
4
,105
760
-
-
-
Rid
er P
rem
ium
Cha
rge
14,7
81
580
88
-
67
,891
236
34
-
-
-
Par
tial W
ithdr
awal
Cha
rge
-
-
-
-
-
-
-
-
-
-
Misc
ella
neou
s Cha
rge
-
-
-
-
-
-
-
-
-
-
Ser
vice
Tax
Expe
nses
32
,166
8,4
96
3
,061
3
4
1
96,6
87
7,0
03
87
-
-
-
Tota
l
293
,660
7
5,15
1
11,
988
34
2
,635
,746
4
2,36
2
881
-
-
-
Par
ticul
ars
Blu
e Ch
ip
Equi
ty Fu
nd
Bon
d Fu
nd
Bond
Pen
sion
Fu
nd
Cap
ital
Guar
ante
e Fu
nd- 2
012
Cap
ital
Guar
ante
e Fu
nd- 2
014
Cap
ital
Guar
ante
e Fu
nd- 2
017
Cap
ital S
hiel
d- I Cap
ital S
hiel
d- II C
ash
Fund
C
ash
Plus
Fu
nd
Pol
icy A
dmin
istra
tion
Char
ge
4,8
40
178
,283
5,6
95
1
,492
93
6
67
-
-
-
2,
740
Sur
rend
er C
harg
e
-
-
-
-
-
-
-
-
-
-
Sw
itchi
ng C
harg
e
-
2
66
40
-
-
-
-
-
46
205
Mor
talit
y Cha
rge
1,7
55
7
8,84
8
6
20
1
,339
1
06
4
82
-
-
1
0,08
8
5,
470
Rid
er P
rem
ium
Cha
rge
8
5
18,
223
38
-
-
-
-
-
3,
155
750
Par
tial W
ithdr
awal
Cha
rge
-
-
-
-
-
-
-
-
-
-
Misc
ella
neou
s Cha
rge
-
-
-
-
-
-
-
-
-
-
Ser
vice
Tax
Expe
nses
466
23,
944
2
,602
3
07
23
123
2,7
92
2,3
19
3,45
1
2,
126
Tota
l
7
,146
2
99,5
64
8
,995
3,1
38
222
1
,272
2,7
92
2,3
19
1
6,74
0
11,
291
91
Annual Report 2010-2011Bajaj Allianz Life Insurance Company Ltd. I Appendix II Refer Schedule 16 Note 24 Form A-RA (UL)
(Am
ount
in R
s. '0
00)
stAs
at 3
1 M
arch
201
1Sc
hedu
les t
o Fu
nd R
even
ue A
ccou
ntSC
HEDU
LE F5
: OT
HER
EXPE
NSES
Appe
ndix
II R
efer
Sch
edul
e 16
Not
e 24
(Am
ount
in R
s. '0
00)
stAs
at 3
1 M
arch
201
1Sc
hedu
les t
o Fu
nd R
even
ue A
ccou
ntSC
HEDU
LE F5
: OT
HER
EXPE
NSES
Appe
ndix
II R
efer
Sch
edul
e 16
Not
e 24
Par
ticul
ars
Cas
h Pl
us
Pens
ion
Fund
D
ebt F
und
Deb
t Plu
s Fu
nd
Deb
t Plu
s Pe
nsio
n Fu
nd
Equ
ity Fu
nd
Equ
ity G
ain
Fund
Equ
ity G
row
th
Fund
Equ
ity G
row
th
Fund
II E
quity
Gro
wth
Pe
nsio
n Fu
nd
Equ
ity In
dex
Fund
Pol
icy A
dmin
istra
tion
Char
ge
249
1
5,9
58
4
96
3
-
1
,739
,498
9
3,32
7
3
2,29
6
1
3,53
5
Sur
rend
er C
harg
e
-
-
-
-
-
-
-
-
-
-
Sw
itchi
ng C
harg
e
77
124
286
348
90
75
7
1
-
9
20
7
Mor
talit
y Cha
rge
7
7
10,
143
9,6
06
1
84
2
9,52
4
6
8,12
4
863
,824
3
2,61
9
1
,800
1
4,81
0
Rid
er P
rem
ium
Cha
rge
1
3
2,
095
1,2
76
4
3
7
,858
1
3,02
8
143
,496
780
101
2,3
45
Par
tial W
ithdr
awal
Cha
rge
-
-
-
-
-
-
-
-
-
-
Misc
ella
neou
s Cha
rge
-
-
-
-
-
-
-
-
-
-
Ser
vice
Tax
Expe
nses
1
00
3,54
8
2
,850
218
13,
348
33,
823
3
06,5
20
17,
861
8,0
86
5
,044
Tota
l
5
16
1
5,91
1
19
,976
1
,289
50,
823
115
,050
3
,053
,409
144
,587
4
2,29
2
3
5,94
1
Par
ticul
ars
Equ
ity In
dex
Fund
- II
Equ
ity In
dex
Pens
ion
Fund
E
quity
Inde
x Pe
nsio
n Fu
nd - II
Equ
ity M
idca
p Fu
nd E
quity
Mid
cap
Pens
ion
Fund
Equ
ity M
idca
p Pl
us Fu
nd
Equ
ity P
lus
Fund
E
quity
Plu
s Pe
nsio
n Fu
nd
Gro
up A
sset
Al
loca
tion
Fund
Gro
up D
ebt
Fund
Pol
icy A
dmin
istra
tion
Char
ge
3
,019
,002
656
70
,345
-
4
24
5,6
98
46,
209
2,9
48
2,30
7
-
Sur
rend
er C
harg
e
-
-
-
-
-
-
-
-
-
-
Sw
itchi
ng C
harg
e
21
3
180
48
2
9
75
1
47
4
07
4
18
-
-
Mor
talit
y Cha
rge
1
,086
,479
211
5
,275
9,
869
6
6
7
,880
6
8,80
9
568
11,
397
-
Rid
er P
rem
ium
Cha
rge
170
,413
78
322
2,
588
1
6
1
,993
1
1,45
8
168
76
-
Par
tial W
ithdr
awal
Cha
rge
-
-
-
-
-
-
-
-
-
-
Misc
ella
neou
s Cha
rge
-
-
-
-
-
-
-
-
-
-
Ser
vice
Tax
Expe
nses
3
57,2
29
2
64
15,2
00
5,38
0
233
4
,449
2
8,78
7
1
,456
2,
045
6
70
Tota
l
4,6
33,3
36
1,3
89
91,1
90
1
7,86
6
814
20
,167
155
,670
5
,558
15,
825
6
70
92
Bajaj Allianz Life Insurance Company Ltd. I IRDA Registration No.116 dated 3rd August, 2001
(Am
ount
in R
s. '0
00)
stAs
at 3
1 M
arch
201
1Sc
hedu
les t
o Fu
nd R
even
ue A
ccou
ntSC
HEDU
LE F5
: OT
HER
EXPE
NSES
Appe
ndix
II R
efer
Sch
edul
e 16
Not
e 24
(Am
ount
in R
s. '0
00)
stAs
at 3
1 M
arch
201
1Sc
hedu
les t
o Fu
nd R
even
ue A
ccou
ntSC
HEDU
LE F5
: OT
HER
EXPE
NSES
Appe
ndix
II R
efer
Sch
edul
e 16
Not
e 24
Par
ticul
ars
Gro
up E
quity
In
dex
Fund
Gro
up G
row
th
Fund
- I
Gro
up Li
quid
Fu
nd
Gro
up S
hort
Te
rm D
ebt
Fund
Gro
wth
Plu
s Fu
nd I
Gro
wth
Plu
s Fu
nd II
G
row
th P
lus
Fund
III Li
fe Lo
ng G
ain
Fund
Li
quid
Fund
Liq
uid
Pens
ion
Fund
Pol
icy A
dmin
istra
tion
Char
ge
3
,865
-
-
-
4
,708
1,
142
3
40
-
8
9,70
8
8
56
Sur
rend
er C
harg
e
-
-
-
-
-
-
-
-
-
-
Sw
itchi
ng C
harg
e
-
-
-
-
-
-
-
-
6
1
15
Mor
talit
y Cha
rge
1
6,12
5
-
-
-
710
179
65
728
4
4,22
5
53
Rid
er P
rem
ium
Cha
rge
483
-
-
-
-
-
2
-
12,
259
5
Par
tial W
ithdr
awal
Cha
rge
-
-
-
-
-
-
-
-
-
-
Misc
ella
neou
s Cha
rge
-
-
-
-
-
-
-
-
-
-
Ser
vice
Tax
Expe
nses
4,2
51
-
2
04
936
54
0
1
07
2
8
5
19
16,
285
351
Tota
l
24,
724
-
2
04
936
5,9
58
1,42
8
435
1,2
47
162
,538
1,
280
Par
ticul
ars
Max
Gai
n Fu
nd I
Max
Gai
n Fu
nd II
P
rem
ier
Bala
nced
Fund
Pre
mie
r Bon
d Fu
nd P
rem
ier D
ebt
Fund
P
rem
ier
Equi
ty Fu
nd
Pre
mie
r Eq
uity
Gai
n Fu
nd
Pre
mie
r Eq
uity
Gro
wth
Fu
nd
Pre
mie
r Eq
uity
Inde
x Fu
nd
Pur
e Eq
uity
Fu
nd
Pol
icy A
dmin
istra
tion
Char
ge
294
,144
-
-
2
,189
1
,220
3
,961
6
,591
16,
024
10,
949
32,6
60
Sur
rend
er C
harg
e
-
-
-
-
-
-
-
-
-
-
Sw
itchi
ng C
harg
e
-
-
-
3
3
6
2
4
5
29
1
Mor
talit
y Cha
rge
75
,638
12
,481
-
1
,610
505
1
,675
2
,582
11,
014
7
,615
15
,087
Rid
er P
rem
ium
Cha
rge
1
,249
-
-
-
-
-
-
-
-
1,1
93
Par
tial W
ithdr
awal
Cha
rge
-
-
-
-
-
-
-
-
-
-
Misc
ella
neou
s Cha
rge
-
-
-
-
-
-
-
-
-
-
Ser
vice
Tax
Expe
nses
24,4
05
1,5
19
-
1,2
84
3
49
1,2
13
1,9
78
7,42
3
5,2
60
4,1
40
Tota
l
3
95,4
36
14,0
00
-
5,1
16
2,0
80
6,8
51
11,1
55
3
4,46
6
2
3,85
3
53
,081
93
Annual Report 2010-2011Bajaj Allianz Life Insurance Company Ltd. I Appendix II Refer Schedule 16 Note 24 Form A-RA (UL)
(Am
ount
in R
s. '0
00)
stAs
at 3
1 M
arch
201
1Sc
hedu
les t
o Fu
nd R
even
ue A
ccou
ntSC
HEDU
LE F5
: OT
HER
EXPE
NSES
Appe
ndix
II R
efer
Sch
edul
e 16
Not
e 24
Par
ticul
ars
Pur
e St
ock
Fund
P
ure
Stoc
k Pe
nsio
n Fu
nd
Sec
ure
Fund
S
hiel
d Pl
us
Fund
I S
hiel
d Pl
us
Fund
II
Shi
eld
Plus
Fu
nd II
I S
tabl
e Fu
nd
Tota
l
Pol
icy A
dmin
istra
tion
Char
ge
1
72,3
76
1,
497
-
56,
511
12,
762
7,
253
-
8
,107
,891
Sur
rend
er C
harg
e
-
-
-
-
-
-
-
-
Sw
itchi
ng C
harg
e
11
2
-
-
-
-
-
3,63
0
Mor
talit
y Cha
rge
63,5
52
1
82
-
10,
587
1,
755
1,
502
-
3
,154
,048
Rid
er P
rem
ium
Cha
rge
6,9
72
30
-
-
-
29
-
486
,230
Par
tial W
ithdr
awal
Cha
rge
-
-
-
-
-
-
-
-
Misc
ella
neou
s Cha
rge
-
-
-
-
-
-
-
-
Ser
vice
Tax
Expe
nses
19
,256
729
1
,023
6,5
80
1,
350
6
26
3,7
92
1,19
6,94
6
Tota
l
262
,167
2,44
0
1
,023
7
3,67
8
1
5,86
7
9,41
0
3
,792
12,
948,
745
94
Bajaj Allianz Life Insurance Company Ltd. I IRDA Registration No.116 dated 3rd August, 2001
(Am
ount
in R
s. '0
00)
Sch
edul
eAc
c Mid
Acc
Acc M
idAc
cele
rate
dAs
set
Asse
tBa
lanc
edBa
lanc
edCa
p Fu
ndM
id C
apCa
p Pe
nsio
nFu
ndAl
loca
tion
Allo
catio
nFu
ndPl
usFu
nd -
IIFu
ndFu
ndPe
nsio
n Fu
ndFu
nd
Part
icul
ars
(Am
ount
in R
s. '0
00)
Part
icul
ars
INCO
ME
FROM
INVE
STM
ENTS
EXPE
NSES
Inte
rest
Inco
me
Divi
dend
Inco
me
Misc
ella
neou
s Inc
ome
Prof
it/(L
oss)
exc
ludi
ng in
ter s
chem
ePr
ofit/
(Los
s) o
n in
ter f
und
tran
sfer
/sal
e of
inve
stm
ent
Unre
alise
d Ga
in/(
Loss
)To
tal I
ncom
e (A
)
Fund
Adm
inist
ratio
n Ex
pens
esFu
nd M
anag
emen
t Exp
ense
sOt
her c
harg
esF -
5Ex
prop
riatio
n/Ap
ropr
iatio
n Ch
arge
s (In
com
e/Ex
pend
iture
)To
tal E
xpen
ses (
B)Ne
t Inc
ome/
(Los
s) fo
r the
Yea
r (A-
B)Ad
d: R
even
ue A
ccou
nt a
t the
beg
inni
ng o
f the
year
Fund
Rev
enue
Acc
ount
at t
he e
nd o
f the
year
SOUR
CES
OF FU
NDS
APPL
ICAT
ION
OF FU
NDS
Polic
y Hol
ders
' Fun
ds:
Polic
y Hol
ders
' Con
trib
utio
nF -
1Re
venu
e Ac
coun
t To
tal
Inve
stm
ents
F -2
Curr
ent A
sset
sF -
3Le
ss : C
urre
nt Li
abili
ties a
nd P
rovi
sions
F -4
Net C
urre
nt A
sset
s To
tal
(a)N
et A
sset
s as p
er B
alan
ce S
heet
(Rs.
in th
ousa
nds)
(b
)Num
ber o
f Uni
ts O
utst
andi
ng (i
n th
ousa
nds)
Ne
t Ass
et V
alue
per
uni
t (a)
/(b)
(Rs.
)
- -
- 87
2 94
0,88
5 52
,489
-
- 85
,746
80
4,
895
112
146,
890
6,25
0 -
- 27
,777
10
0 2,
434
210
217,
509
15,7
94
- -
1,20
4,00
8 73
61
,084
1,
537
2,43
8,88
0 87
,532
-
- 97
6,87
5 (5
3)52
,093
3,
135
1,05
2,93
8 44
,160
-
- 2,
567,
582
6,09
0 15
9,98
7 3,
866
2,26
1,18
5 10
8,29
1 -
- 4
,861
,988
6
,290
2
80,4
93
9,7
32
7,0
58,2
87
314
,516
-
-
-
-
-
-
-
-
-
-
120,
660
157
6,31
5 27
6 31
8,94
0 16
,476
-
- 27
9,10
6 9,
350
7,46
5 28
2,
927,
987
51,6
06
- -
30,2
97
(430
)(2
,006
)(2
7)(1
06,7
17)
(6,4
21)
- -
430
,063
9
,077
1
1,77
4 2
77
3,1
40,2
10
61,
661
-
-
4,4
31,9
25
(2,7
87)
268
,719
9
,455
3
,918
,077
2
52,8
55
-
-
(1,6
28,9
64)
0 (7
8,28
3)14
,030
(2
,973
,287
)(4
4,43
0) -
-
2
,802
,961
(2
,787
) 1
90,4
36
23,
485
944
,790
2
08,4
25
-
-
6,55
6,08
7 1
73,5
73
459
,548
(6
73)
32,
345,
659
1,8
15,2
28
1,3
67,3
33
867
,683
2,
802,
961
(2,7
87)
190
,436
2
3,48
5 9
44,7
90
208
,425
-
-
9
,359
,048
1
70,7
86
649
,984
2
2,81
2 3
3,29
0,44
9 2
,023
,653
1
,367
,333
8
67,6
83
9,36
3,06
6 1
32,2
25
618
,088
2
2,03
0 3
1,89
3,32
7 1
,949
,092
1
,367
,262
8
67,6
74
218,
739
40,
008
40,
616
807
1
,434
,079
7
6,72
6 7
1 9
22
2,75
7 1
,447
8
,720
2
5 3
6,95
7 2
,165
-
-
(4
,018
) 3
8,56
1 3
1,89
6 7
82
1,3
97,1
22
74,
561
71
9
9,35
9,04
8 1
70,7
86
649
,984
2
2,81
2 3
3,29
0,44
9 2
,023
,653
1
,367
,333
8
67,6
83
9,35
9,04
8 1
70,7
86
649
,984
2
2,81
2 3
3,29
0,44
9 2
,023
,653
1
,367
,333
8
67,6
83
470,
948
15,
819
31,
257
1,0
53
2,6
89,2
72
172
,684
7
6,24
8 4
1,43
2 19
.872
8 1
0.79
65
20.
7948
2
1.66
40
12.
3790
1
1.71
89
17.
9326
2
0.94
23
stFu
nd B
alan
ce S
heet
as a
t 31
Mar
ch 2
010
Form
A-B
S (U
L)Ap
pend
ix II
Ref
er S
ched
ule
16 N
ote
24
stFu
nd R
even
ue A
ccou
nt fo
r the
yea
r end
ed 3
1 M
arch
201
0Fo
rm A
-RA
(UL)
Appe
ndix
II R
efer
Sch
edul
e 16
Not
e 24
Sch
edul
eAc
c Mid
Acc
Acc M
idAc
cele
rate
dAs
set
Asse
tBa
lanc
edBa
lanc
edCa
p Fu
ndM
id C
apCa
p Pe
nsio
nFu
ndAl
loca
tion
Allo
catio
nFu
ndPl
usFu
nd -
IIFu
ndFu
ndPe
nsio
n Fu
ndFu
nd
95
Annual Report 2010-2011Bajaj Allianz Life Insurance Company Ltd. I Appendix II Refer Schedule 16 Note 24 Form A-RA (UL)
(Am
ount
in R
s. '0
00)
INCO
ME
FROM
INVE
STM
ENTS
EXPE
NSES
Inte
rest
Inco
me
Divi
dend
Inco
me
Misc
ella
neou
s Inc
ome
Prof
it/(L
oss)
exc
ludi
ng in
ter s
chem
ePr
ofit/
(Los
s) o
n in
ter f
und
tran
sfer
/sal
e of
inve
stm
ent
Unre
alise
d Ga
in/(
Loss
)To
tal I
ncom
e (A
)
Fund
Adm
inist
ratio
n Ex
pens
esFu
nd M
anag
emen
t Exp
ense
sOt
her c
harg
esF -
5Ex
prop
riatio
n/Ap
ropr
iatio
n Ch
arge
s (In
com
e/Ex
pend
iture
)To
tal E
xpen
ses (
B)Ne
t Inc
ome/
(Los
s) fo
r the
Yea
r (A-
B)Ad
d: R
even
ue A
ccou
nt a
t the
beg
inni
ng o
f the
year
Fund
Rev
enue
Acc
ount
at t
he e
nd o
f the
year
- 28
9,87
6 42
,769
7,
489
539
1,91
9 67
,518
1
7,09
0 -
0 0
292
23
258
2,55
3 -
-
38,5
02
6,05
7 5
1 85
9 3,
989
856
-
20,9
87
2,46
4 (5
35)
(13)
(74)
21,5
54
90
- 73
,330
3,
696
1,44
5 86
80
3 32
,776
1
31
- (3
1,34
9)2,
100
13,4
30
977
10,7
12
37,6
57
155
,820
-
3
91,3
46
57,
086
22,
126
1,6
13
14,
477
166
,047
1
73,9
87
-
-
-
-
-
-
-
-
- 38
,429
5,
792
1,54
9 10
7 70
4 24
,915
1
9,62
0 -
292,
197
9,91
9 3,
905
276
1,70
2 2,
566
2,0
21
- (5
05)
(88)
119
9 53
96
(6
5) -
3
30,1
21
15,
623
5,5
73
392
2
,459
2
7,57
7 2
1,57
6 -
6
1,22
5 4
1,46
3 1
6,55
3 1
,221
1
2,01
8 1
38,4
70
152
,411
-
(5
9,97
0)28
,090
68
9 (9
9)(3
,112
)17
,050
1
2,29
6 -
1
,255
6
9,55
3 1
7,24
2 1
,122
8
,906
1
55,5
20
164
,707
stFu
nd R
even
ue A
ccou
nt fo
r the
yea
r end
ed 3
1 M
arch
201
0Fo
rm A
-RA
(UL)
Appe
ndix
II R
efer
Sch
edul
e 16
Not
e 24
Sch
edul
eBa
lanc
edBo
ndBo
ndCa
pita
lCa
pita
lCa
pita
lCa
pita
lCa
pita
lPl
us P
ensi
onFu
nd
Pens
ion
Guar
ante
eGu
aran
tee
Guar
ante
eSh
ield
Shie
ldFu
ndFu
ndFu
nd- 2
012
Fund
- 201
4 Fu
nd- 2
017
Fund
- IFu
nd- I
I
(Am
ount
in R
s. '0
00)
Sch
edul
eBa
lanc
edBo
ndBo
ndCa
pita
lCa
pita
lCa
pita
lCa
pita
lCa
pita
lPl
us P
ensi
onFu
nd
Pens
ion
Guar
ante
eGu
aran
tee
Guar
ante
eSh
ield
Shie
ldFu
ndFu
ndFu
nd- 2
012
Fund
- 201
4 Fu
nd- 2
017
Fund
- IFu
nd- I
I
SOUR
CES
OF FU
NDS
APPL
ICAT
ION
OF FU
NDS
Polic
y Hol
ders
' Fun
ds:
Polic
y Hol
ders
' Con
trib
utio
nF -
1Re
venu
e Ac
coun
t To
tal
Inve
stm
ents
F -2
Curr
ent A
sset
sF -
3Le
ss : C
urre
nt Li
abili
ties a
nd P
rovi
sions
F -4
Net C
urre
nt A
sset
s To
tal
(a)N
et A
sset
s as p
er B
alan
ce S
heet
(Rs.
in th
ousa
nds)
(b
)Num
ber o
f Uni
ts O
utst
andi
ng (i
n th
ousa
nds)
Ne
t Ass
et V
alue
per
uni
t (a)
/(b)
(Rs.
)
96,3
795,
159,
229
834
,646
1
01,0
24
7,3
71
44,
210
801
,270
4
83,0
61-
1,25
5 6
9,55
3 1
7,24
2 1
,122
8
,906
1
55,5
20
164
,707
96,3
795,
160,
484
904
,199
1
18,2
66
8,4
93
53,
116
956
,790
6
47,7
68
96,3
764,
881,
241
854
,165
1
16,5
21
8,4
11
52,
955
894
,202
6
35,1
423
283,
610
50,
783
2,2
59
133
2
78
65,
273
14,
565
-4,
367
749
5
14
51
117
2
,685
1
,939
327
9,24
3 5
0,03
4 1
,745
8
2 1
61
62,
588
12,
626
96,3
795,
160,
484
904
,199
1
18,2
66
8,4
93
53,
116
956
,790
6
47,7
6896
,379
5,16
0,48
4 9
04,1
99
118
,266
8
,493
5
3,11
6 9
56,7
90
647
,768
4,84
136
6,31
2 6
2,90
6 9
,183
6
67
4,0
63
78,
294
47,
668
19.9
089
14.0
877
14.
3738
1
2.87
86
12.
7328
1
3.07
18
12.
2205
1
3.58
91
stFu
nd B
alan
ce S
heet
as a
t 31
Mar
ch 2
010
Form
A-B
S (U
L)Ap
pend
ix II
Ref
er S
ched
ule
16 N
ote
24
Part
icul
ars
Part
icul
ars
96
Bajaj Allianz Life Insurance Company Ltd. I IRDA Registration No.116 dated 3rd August, 2001
(Am
ount
in R
s. '0
00)
Part
icul
ars
INCO
ME
FROM
INVE
STM
ENTS
EXPE
NSES
Inte
rest
Inco
me
Divi
dend
Inco
me
Misc
ella
neou
s Inc
ome
Prof
it/(L
oss)
exc
ludi
ng in
ter s
chem
ePr
ofit/
(Los
s) o
n in
ter f
und
tran
sfer
/sal
e of
inve
stm
ent
Unre
alise
d Ga
in/(
Loss
)To
tal I
ncom
e (A
)
Fund
Adm
inist
ratio
n Ex
pens
esFu
nd M
anag
emen
t Exp
ense
sOt
her c
harg
esF -
5Ex
prop
riatio
n/Ap
ropr
iatio
n Ch
arge
s (In
com
e/Ex
pend
iture
)To
tal E
xpen
ses (
B)Ne
t Inc
ome/
(Los
s) fo
r the
Yea
r (A-
B)Ad
d: R
even
ue A
ccou
nt a
t the
beg
inni
ng o
f the
year
Fund
Rev
enue
Acc
ount
at t
he e
nd o
f the
year
42,3
7131
,861
3
,024
9
4,62
2 1
01,5
92
12,
768
-
--
-
-
-
-
-
49,
699
117
,038
52,3
3474
,833
4
,374
9
,441
1
1,10
6 1
,727
8
55
65,
429
4,82
29,
184
964
1
,111
4
,260
2
6 2
56,1
20
2,1
81,4
14-
64
2
16,
267
39,
044
3,7
44
325
,592
9
73,3
07-
-
-
(4,1
83)
(16,
756)
(217
) 1
,754
,807
2
,036
,080
99,5
2711
5,94
2 8
,364
1
17,2
58
139
,246
1
8,04
8 2
,387
,073
5
,373
,268
13,7
98-
-
1
6,06
2 -
-
5
7,69
6 1
26,4
4711
,038
8,90
5 6
00
12,
849
9,9
15
1,2
65
46,
157
151
,735
19,8
5113
,437
7
40
19,
573
24,
714
1,5
23
61,
001
138
,372
(1,0
05)
(1,1
13)
(73)
(113
) (1
26)
(16)
10,
248
32,
888
43,6
8221
,229
1
,267
4
8,37
1 3
4,50
3 2
,772
1
75,1
02
449
,442
55,8
4594
,713
7
,097
6
8,88
7 1
04,7
43
15,
276
2,2
11,9
71
4,9
23,8
2616
5,86
543
1,80
4 3
0,63
9 2
22,5
37
323
,703
3
1,07
1 1
83,0
43
(1,3
35,3
03)
221,
710
526,
517
37,
736
291
,424
4
28,4
46
46,
347
2,3
95,0
14
3,5
88,5
23
stFu
nd R
even
ue A
ccou
nt fo
r the
yea
r end
ed 3
1 M
arch
201
0Fo
rm A
-RA
(UL)
Appe
ndix
II R
efer
Sch
edul
e 16
Not
e 24
Sch
edul
eCa
shCa
shCa
shDe
btDe
btDe
btEq
uity
Equi
tyFu
ndPl
usPl
usFu
nd
Plus
Plus
Fund
Ga
inFu
nd
Pens
ion
Fund
Fu
nd
Pens
ion
Fund
Fu
nd
(Am
ount
in R
s. '0
00)
Sch
edul
eCa
shCa
shCa
shDe
btDe
btDe
btEq
uity
Equi
tyFu
ndPl
usPl
usFu
nd
Plus
Plus
Fund
Ga
inFu
nd
Pens
ion
Fund
Fu
nd
Pens
ion
Fund
Fu
nd
Part
icul
ars
SOUR
CES
OF FU
NDS
APPL
ICAT
ION
OF FU
NDS
Polic
y Hol
ders
' Fun
ds:
Polic
y Hol
ders
' Con
trib
utio
nF -
1Re
venu
e Ac
coun
t To
tal
Inve
stm
ents
F -2
Curr
ent A
sset
sF -
3Le
ss : C
urre
nt Li
abili
ties a
nd P
rovi
sions
F -4
Net C
urre
nt A
sset
s To
tal
(a)N
et A
sset
s as p
er B
alan
ce S
heet
(Rs.
in th
ousa
nds)
(b
)Num
ber o
f Uni
ts O
utst
andi
ng (i
n th
ousa
nds)
Ne
t Ass
et V
alue
per
uni
t (a)
/(b)
(Rs.
)
788,
587
594,
385
35,
324
249
,184
4
45,0
50
65,
130
1,3
85,1
40
6,5
13,0
5122
1,71
0 5
26,5
17
37,
736
291
,424
4
28,4
46
46,
347
2,3
95,0
14
3,5
88,5
231,
010,
297
1,12
0,90
2 7
3,06
0 5
40,6
08
873
,496
1
11,4
77
3,7
80,1
54
10,
101,
574
987,
467
1,10
1,92
5 6
8,71
1 5
04,2
12
813
,101
1
06,2
85
3,7
91,2
05
10,
021,
565
24,9
8319
,717
4
,396
3
8,82
3 6
1,23
0 5
,297
8
,860
2
80,8
28
2,15
374
0 4
7 2
,427
8
35
105
1
9,91
1 2
00,8
19
22,8
3018
,977
4
,349
3
6,39
6 6
0,39
5 5
,192
(1
1,05
1) 8
0,00
9 1,
010,
297
1,12
0,90
2 7
3,06
0 5
40,6
08
873
,496
1
11,4
77
3,7
80,1
54
10,
101,
574
1,01
0,29
71,
120,
902
73,
060
540
,608
8
73,4
96
111
,477
3
,780
,154
1
0,10
1,57
4 71
,233
72,7
61
4,7
39
39,
465
58,
204
7,2
31
157
,046
3
08,8
96
14.1
831
15.4
053
15.
4178
1
3.69
83
15.
0075
1
5.41
74
24.
0703
3
2.70
22
stFu
nd B
alan
ce S
heet
as a
t 31
Mar
ch 2
010
Form
A-B
S (U
L)Ap
pend
ix II
Ref
er S
ched
ule
16 N
ote
24
97
Annual Report 2010-2011Bajaj Allianz Life Insurance Company Ltd. I Appendix II Refer Schedule 16 Note 24 Form A-RA (UL)
(Am
ount
in R
s. '0
00)
INCO
ME
FROM
INVE
STM
ENTS
EXPE
NSES
Inte
rest
Inco
me
Divi
dend
Inco
me
Misc
ella
neou
s Inc
ome
Prof
it/(L
oss)
exc
ludi
ng in
ter s
chem
ePr
ofit/
(Los
s) o
n in
ter f
und
tran
sfer
/sal
e of
inve
stm
ent
Unre
alise
d Ga
in/(
Loss
)To
tal I
ncom
e (A
)
Fund
Adm
inist
ratio
n Ex
pens
esFu
nd M
anag
emen
t Exp
ense
sOt
her c
harg
esF -
5Ex
prop
riatio
n/Ap
ropr
iatio
n Ch
arge
s (In
com
e/Ex
pend
iture
)To
tal E
xpen
ses (
B)Ne
t Inc
ome/
(Los
s) fo
r the
Yea
r (A-
B)Ad
d: R
even
ue A
ccou
nt a
t the
beg
inni
ng o
f the
year
Fund
Rev
enue
Acc
ount
at t
he e
nd o
f the
year
29,3
76
-
-
-
248
-
-
-
64
6,10
5 4
2 2
8,76
2 2
7,08
2 5
38,8
44
2,0
92
36,
845
19,
425
353,
434
684
1
8,99
2 5
23
16,
789
48
1,9
80
5,8
61
5,93
9,49
9 2
,270
3
77,6
24
66,
692
1,0
81,5
83
7,2
77
33,
364
156
,741
56
9,87
7 5
,410
2
35,1
52
135
,149
3
56,6
46
15,
623
32,
162
281
,852
22
,124
,501
2
7,25
9 8
07,9
23
1,0
67,3
56
22,
156,
298
73,
175
1,5
20,9
08
595
,559
29
,662
,792
3
5,66
5 1
,468
,453
1
,296
,802
2
4,15
0,40
8 9
8,21
5 1
,625
,259
1
,059
,438
-
-
-
-
-
-
-
19,
790
1,13
6,88
4 1
,223
4
6,34
8 2
5,02
4 6
78,8
39
1,9
23
48,
049
23,
748
3,38
0,38
5 3
0,12
1 5
0,84
7 4
4,58
7 4
,853
,738
1
,872
1
09,5
00
21,
269
(260
,480
) (3
,797
) (1
1,94
8) 5
,496
(1
64,4
14)
394
(1
3,05
9) 5
,317
4,
256,
789
27,
547
85,
247
75,
107
5,3
68,1
63
4,1
89
144
,490
7
0,12
4 25
,406
,003
8
,118
1
,383
,206
1
,221
,695
1
8,78
2,24
5 9
4,02
6 1
,480
,769
9
89,3
14
(16,
741,
921)
-
(614
,325
) (1
95,8
96)
(11,
701,
298)
9,6
58
(669
,660
) (1
00,0
22)
8,66
4,08
2 8
,118
7
68,8
81
1,0
25,7
99
7,0
80,9
47
103
,684
8
11,1
09
889
,292
stFu
nd R
even
ue A
ccou
nt fo
r the
yea
r end
ed 3
1 M
arch
201
0Fo
rm A
-RA
(UL)
Appe
ndix
II R
efer
Sch
edul
e 16
Not
e 24
Sch
edul
e
Sch
edul
e
(Am
ount
in R
s. '0
00)
SOUR
CES
OF FU
NDS
APPL
ICAT
ION
OF FU
NDS
Polic
y Hol
ders
' Fun
ds:
Polic
y Hol
ders
' Con
trib
utio
nF -
1Re
venu
e Ac
coun
t To
tal
Inve
stm
ents
F -2
Curr
ent A
sset
sF -
3Le
ss : C
urre
nt Li
abili
ties a
nd P
rovi
sions
F -4
Net C
urre
nt A
sset
s To
tal
(a)N
et A
sset
s as p
er B
alan
ce S
heet
(Rs.
in th
ousa
nds)
(b
)Num
ber o
f Uni
ts O
utst
andi
ng (i
n th
ousa
nds)
Ne
t Ass
et V
alue
per
uni
t (a)
/(b)
(Rs.
)
Equi
tyEq
uity
Equi
ty G
row
thGr
owth
Grow
thPe
nsio
nIn
dex
Inde
xPe
nsio
nPe
nsio
nM
idca
pFu
ndFu
nd -
IIFu
nd
Fund
Fund
- II
Fund
Fund
- II
Fund
Equi
tyEq
uity
Equi
ty In
dex
Equi
ty In
dex
Equi
ty
Equi
tyEq
uity
Equi
ty G
row
thGr
owth
Grow
thPe
nsio
nIn
dex
Inde
xPe
nsio
nPe
nsio
nM
idca
pFu
ndFu
nd -
IIFu
nd
Fund
Fund
- II
Fund
Fund
- II
Fund
Equi
tyEq
uity
Equi
ty In
dex
Equi
ty In
dex
Equi
ty
72,3
15,6
10
1,6
01,2
15
2,9
81,5
31
958
,095
6
6,79
1,59
4 2
0,78
3 5
,185
,242
7
43,1
59
8,66
4,08
2 8
,118
7
68,8
81
1,0
25,7
99
7,0
80,9
47
103
,684
8
11,1
09
889
,292
80
,979
,692
1
,609
,333
3
,750
,412
1
,983
,894
7
3,87
2,54
1 1
24,4
67
5,9
96,3
51
1,6
32,4
51
79,3
54,6
02
1,1
52,9
81
3,5
76,7
82
1,9
83,6
74
73,
887,
254
124
,520
5
,921
,622
1
,640
,224
2,
238,
886
469
,404
2
09,8
73
8,0
30
1,0
06,4
09
509
2
26,0
10
1,8
18
613,
796
13,
052
36,
243
7,8
10
1,0
21,1
22
562
1
51,2
81
9,5
91
1,62
5,09
0 4
56,3
52
173
,630
2
20
(14,
713)
(53)
74,
729
(7,7
73)
80,9
79,6
92
1,6
09,3
33
3,7
50,4
12
1,9
83,8
94
73,
872,
541
124
,467
5
,996
,351
1
,632
,451
80
,979
,692
1
,609
,333
3
,750
,412
1
,983
,894
7
3,87
2,54
1 1
24,4
67
5,9
96,3
51
1,6
32,4
51
5,39
0,67
1 1
51,6
25
237
,878
6
3,21
6 4
,368
,551
4
,507
3
62,0
55
55,
840
15.0
222
10.
6140
1
5.76
62
31.
3829
1
6.91
01
27.
6140
1
6.56
21
29.
2346
stFu
nd B
alan
ce S
heet
as a
t 31
Mar
ch 2
010
Form
A-B
S (U
L)Ap
pend
ix II
Ref
er S
ched
ule
16 N
ote
24
Part
icul
ars
Part
icul
ars
98
Bajaj Allianz Life Insurance Company Ltd. I IRDA Registration No.116 dated 3rd August, 2001
(Am
ount
in R
s. '0
00)
Part
icul
ars
INCO
ME
FROM
INVE
STM
ENTS
EXPE
NSES
Inte
rest
Inco
me
Divi
dend
Inco
me
Misc
ella
neou
s Inc
ome
Prof
it/(L
oss)
exc
ludi
ng in
ter s
chem
ePr
ofit/
(Los
s) o
n in
ter f
und
tran
sfer
/sal
e of
inve
stm
ent
Unre
alise
d Ga
in/(
Loss
)To
tal I
ncom
e (A
)
Fund
Adm
inist
ratio
n Ex
pens
esFu
nd M
anag
emen
t Exp
ense
sOt
her c
harg
esF -
5Ex
prop
riatio
n/Ap
ropr
iatio
n Ch
arge
s (In
com
e/Ex
pend
iture
)To
tal E
xpen
ses (
B)Ne
t Inc
ome/
(Los
s) fo
r the
Yea
r (A-
B)Ad
d: R
even
ue A
ccou
nt a
t the
beg
inni
ng o
f the
year
Fund
Rev
enue
Acc
ount
at t
he e
nd o
f the
year
-
-
3,0
43
1
-
90,
687
-
28,
269
2,05
4 3
2,88
2 1
72,3
10
11,
437
-
-
-
-
554
8,0
19
81,
820
5,7
97
6
4,2
53
22
-
26,5
74
467
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3
,238
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2
94,1
58
-
9,1
08
4
-
33,7
34
496
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1
,643
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1
67,8
89
-
20,
477
-
-
51,3
03
850
,369
2
,790
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1
11,4
24
31
(7,1
50)
(277
) (1
0,14
9)11
4,21
9 1
,854
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7
,930
,510
5
90,7
06
37
117
,375
(2
51)
18,
120
-
-
-
-
-
-
-
-
2,14
1 3
4,60
9 2
20,6
51
14,
749
2
12,
415
10
-
1,06
1 2
5,50
4 2
06,8
20
8,1
35
497
1
,279
6
,634
-
48
2 7
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4
5,96
9 2
,947
(8
) (5
8) (8
8) (5
2)3,
684
67,
646
473
,440
2
5,83
1 4
91
13,
636
6,5
56
(52)
110,
535
1,7
87,0
78
7,4
57,0
70
564
,875
(4
54)
103
,739
(6
,807
) 1
8,17
2 21
,525
1
29,1
53
(1,4
16,8
32)
14,
083
-
89,
170
-
-
132,
060
1,9
16,2
31
6,0
40,2
38
578
,958
(4
54)
192
,909
(6
,807
) 1
8,17
2
stFu
nd R
even
ue A
ccou
nt fo
r the
yea
r end
ed 3
1 M
arch
201
0Fo
rm A
-RA
(UL)
Appe
ndix
II R
efer
Sch
edul
e 16
Not
e 24
Sch
edul
e
Sch
edul
e
(Am
ount
in R
s. '0
00)
Part
icul
ars
SOUR
CES
OF FU
NDS
APPL
ICAT
ION
OF FU
NDS
Polic
y Hol
ders
' Fun
ds:
Polic
y Hol
ders
' Con
trib
utio
nF -
1Re
venu
e Ac
coun
t To
tal
Inve
stm
ents
F -2
Curr
ent A
sset
sF -
3Le
ss : C
urre
nt Li
abili
ties a
nd P
rovi
sions
F -4
Net C
urre
nt A
sset
s To
tal
(a)N
et A
sset
s as p
er B
alan
ce S
heet
(Rs.
in th
ousa
nds)
(b
)Num
ber o
f Uni
ts O
utst
andi
ng (i
n th
ousa
nds)
Ne
t Ass
et V
alue
per
uni
t (a)
/(b)
(Rs.
)
18,3
90
398
,252
8
,096
,218
3
27,3
18
6,5
75
839
,275
9
5,88
5 5
01,8
11
132,
060
1,9
16,2
31
6,0
40,2
38
578
,958
(4
54)
192
,909
(6
,807
) 1
8,17
2 15
0,45
0 2
,314
,483
1
4,13
6,45
6 9
06,2
76
6,1
21
1,0
32,1
84
89,
078
519
,983
148,
549
2,3
21,0
66
13,
975,
841
885
,748
2
,246
5
62,3
94
52,
747
485
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4,
658
36,
044
409
,795
3
5,73
5 3
,877
4
70,3
34
54,
856
34,
381
2,75
7 4
2,62
7 2
49,1
80
15,
207
2
544
1
8,52
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1,
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(6,5
83)
160
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2
0,52
8 3
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4
69,7
90
36,
331
34,
381
150,
450
2,3
14,4
83
14,
136,
456
906
,276
6
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1
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,184
8
9,07
8 5
19,9
83
150,
450
2,3
14,4
83
14,
136,
456
906
,276
6
,121
1
,032
,184
8
9,07
8 5
19,9
83
3,84
0 6
5,42
2 4
08,2
55
27,
082
596
8
3,23
5 8
,845
5
0,18
1 39
.179
7 3
5.37
79
34.
6266
3
3.46
47
10.
2755
1
2.40
09
10.
0705
1
0.36
22
stFu
nd B
alan
ce S
heet
as a
t 31
Mar
ch 2
010
Form
A-B
S (U
L)Ap
pend
ix II
Ref
er S
ched
ule
16 N
ote
24
Equi
ty M
idca
pEq
uity
Equi
tyPe
nsio
nM
idca
p Pl
usPl
usPe
nsio
nAl
loca
tion
Debt
Equi
ty In
dex
Grow
thFu
ndFu
ndFu
ndFu
nd
Fund
Fund
Fund
Fund
- I
Equi
ty P
lus
Grou
p As
set
Grou
pGr
oup
Grou
p
Equi
ty M
idca
pEq
uity
Equi
tyPe
nsio
nM
idca
p Pl
usPl
usPe
nsio
nAl
loca
tion
Debt
Equi
ty In
dex
Grow
thFu
ndFu
ndFu
ndFu
nd
Fund
Fund
Fund
Fund
- I
Equi
ty P
lus
Grou
p As
set
Grou
pGr
oup
Grou
p
99
Annual Report 2010-2011Bajaj Allianz Life Insurance Company Ltd. I Appendix II Refer Schedule 16 Note 24 Form A-RA (UL)
(Am
ount
in R
s. '0
00)
INCO
ME
FROM
INVE
STM
ENTS
EXPE
NSES
Inte
rest
Inco
me
Divi
dend
Inco
me
Misc
ella
neou
s Inc
ome
Prof
it/(L
oss)
exc
ludi
ng in
ter s
chem
ePr
ofit/
(Los
s) o
n in
ter f
und
tran
sfer
/sal
e of
inve
stm
ent
Unre
alise
d Ga
in/(
Loss
)To
tal I
ncom
e (A
)
Fund
Adm
inist
ratio
n Ex
pens
esFu
nd M
anag
emen
t Exp
ense
sOt
her c
harg
esF -
5Ex
prop
riatio
n/Ap
ropr
iatio
n Ch
arge
s (In
com
e/Ex
pend
iture
)To
tal E
xpen
ses (
B)Ne
t Inc
ome/
(Los
s) fo
r the
Yea
r (A-
B)Ad
d: R
even
ue A
ccou
nt a
t the
beg
inni
ng o
f the
year
Fund
Rev
enue
Acc
ount
at t
he e
nd o
f the
year
2,16
4 2
9,69
9 9
87
13,
176
27,
190
2,5
62
-
-
-
-
-
-
-
-
-
-
14,2
42
28,
738
165
9
41
52,
158
4,1
13
19,
884
-
5,27
6 (1
,988
) 1
3 1
,015
6
,801
7
46
398
-
2,
178
-
-
3,3
69
140
8
-
-
-
(2
2,28
3) (2
67)
(2,9
90)
-
-
-
-
23,8
60
34,
166
898
1
5,51
1 8
6,28
9 7
,429
2
0,28
2 -
-
-
-
2,2
49
-
-
886
-
1,
538
5,2
99
197
1
,799
9
,515
7
99
4,4
30
-
158
546
9
82
1,4
32
155
,127
1
,225
1
55,9
75
-
(12)
(66)
(19)
19
(134
) (1
2) (8
,967
) -
1,
684
5,7
79
1,1
60
5,4
99
164
,508
2
,012
1
52,3
24
-
22,
176
28,
387
(262
) 1
0,01
2 (7
8,21
9) 5
,417
(1
32,0
42)
-
4,26
9 7
-
3
0,99
7 (4
5,97
1) 3
,721
-
-
26
,445
2
8,39
4 (2
62)
41,
009
(124
,190
) 9
,138
(1
32,0
42)
-
stFu
nd R
even
ue A
ccou
nt fo
r the
yea
r end
ed 3
1 M
arch
201
0Fo
rm A
-RA
(UL)
Appe
ndix
II R
efer
Sch
edul
e 16
Not
e 24
Sch
edul
e
Sch
edul
e
(Am
ount
in R
s. '0
00)
SOUR
CES
OF FU
NDS
APPL
ICAT
ION
OF FU
NDS
Polic
y Hol
ders
' Fun
ds:
Polic
y Hol
ders
' Con
trib
utio
nF -
1Re
venu
e Ac
coun
t To
tal
Inve
stm
ents
F -2
Curr
ent A
sset
sF -
3Le
ss : C
urre
nt Li
abili
ties a
nd P
rovi
sions
F -4
Net C
urre
nt A
sset
s To
tal
(a)N
et A
sset
s as p
er B
alan
ce S
heet
(Rs.
in th
ousa
nds)
(b
)Num
ber o
f Uni
ts O
utst
andi
ng (i
n th
ousa
nds)
Ne
t Ass
et V
alue
per
uni
t (a)
/(b)
(Rs.
)
120,
997
633
,778
2
48,8
51
147
,323
1
,493
,105
1
13,2
38
3,5
82,1
30
64,
806
26,4
45
28,
394
(262
) 4
1,00
9 (1
24,1
90)
9,1
38
(132
,042
) -
14
7,44
2 6
62,1
72
248
,589
1
88,3
32
1,3
68,9
15
122
,376
3
,450
,088
6
4,80
6
122,
222
646
,898
1
77,1
68
184
,724
1
,321
,885
1
14,6
50
2,7
61,9
98
64,
806
25,3
02
15,
827
71,
574
4,0
18
48,
188
7,8
32
691
,117
-
8
2 5
53
153
4
10
1,1
58
106
3
,027
-
2
5,22
0 1
5,27
4 7
1,42
1 3
,608
4
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0 7
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6
88,0
90
-
147
,442
6
62,1
72
248
,589
1
88,3
32
1,3
68,9
15
122
,376
3
,450
,088
6
4,80
6 1
47,4
42
662
,172
2
48,5
89
188
,332
1
,368
,915
1
22,3
76
3,4
50,0
88
64,
806
12,
603
61,
687
24,
630
14,
847
99,
210
8,8
47
334
,623
4
,246
1
1.69
93
10.
7344
1
0.09
30
12.
6850
1
3.79
82
13.
8333
1
0.31
04
15.
2643
stFu
nd B
alan
ce S
heet
as a
t 31
Mar
ch 2
010
Form
A-B
S (U
L)Ap
pend
ix II
Ref
er S
ched
ule
16 N
ote
24
Grou
pGr
oup
Grow
thLi
quid
Shor
t Ter
mPl
us
Gain
Fund
Pens
ion
Gain
Bala
nced
Fund
Debt
Fund
Fund
- I Fu
ndFu
ndFu
nd- I
Fund
Life
Long
Liqu
idLi
quid
Max
Prem
ier
Grou
pGr
oup
Grow
thLi
quid
Shor
t Ter
mPl
us
Gain
Fund
Pens
ion
Gain
Bala
nced
Fund
Debt
Fund
Fund
- I Fu
ndFu
ndFu
nd- I
Fund
Life
Long
Liqu
idLi
quid
Max
Prem
ier
Part
icul
ars
Part
icul
ars
100
Bajaj Allianz Life Insurance Company Ltd. I IRDA Registration No.116 dated 3rd August, 2001
(Am
ount
in R
s. '0
00)
INCO
ME
FROM
INVE
STM
ENTS
EXPE
NSES
Inte
rest
Inco
me
Divi
dend
Inco
me
Misc
ella
neou
s Inc
ome
Prof
it/(L
oss)
exc
ludi
ng in
ter s
chem
ePr
ofit/
(Los
s) o
n in
ter f
und
tran
sfer
/sal
e of
inve
stm
ent
Unre
alise
d Ga
in/(
Loss
)To
tal I
ncom
e (A
)
Fund
Adm
inist
ratio
n Ex
pens
esFu
nd M
anag
emen
t Exp
ense
sOt
her c
harg
esF -
5Ex
prop
riatio
n/Ap
ropr
iatio
n Ch
arge
s (In
com
e/Ex
pend
iture
)To
tal E
xpen
ses (
B)Ne
t Inc
ome/
(Los
s) fo
r the
Yea
r (A-
B)Ad
d: R
even
ue A
ccou
nt a
t the
beg
inni
ng o
f the
year
Fund
Rev
enue
Acc
ount
at t
he e
nd o
f the
year
22,2
26
9,0
32
-
-
-
18
-
-
-
-
4,8
67
8,3
16
20,
732
13,
586
12,
111
27,
773
2,99
2 1
,193
1
02
3,9
97
6,1
36
435
3
,809
1
3,21
0 2,
768
1,5
49
12,
393
195
,915
1
96,3
36
(5,4
28)
114
,819
2
04,4
06
5,77
7 3
,893
2
5,01
0 9
8,93
6 4
,614
1
0,21
3 9
9,47
6 8
2,07
9 (1
,951
) (1
,951
) 1
93,6
15
120
,808
8
37,2
14
607
,976
3
51,0
57
975
,582
31
,812
1
3,71
6 2
35,9
87
427
,972
1
,065
,032
6
26,8
00
581
,272
1
,303
,050
-
-
-
-
-
-
-
-
8,78
3 2
,800
1
0,14
7 1
6,29
5 5
4,58
9 3
6,49
4 1
5,57
0 4
2,86
2 4,
781
2,3
47
8,4
93
13,
863
40,
367
24,
629
64,
112
267
,672
35
1
1 1
,004
2
,380
7
,006
3
,434
3
,612
(1
1,51
8) 1
3,59
9 5
,158
1
9,64
4 3
2,53
8 1
01,9
62
64,
557
83,
294
299
,016
1
8,21
3 8
,558
2
16,3
43
395
,434
9
63,0
70
562
,243
4
97,9
78
1,0
04,0
34
31,2
91
32,
070
(23,
563)
(68,
156)
(722
,729
) (3
97,0
05)
(190
,277
) (5
06,2
09)
49,5
04
40,
628
192
,780
3
27,2
78
240
,341
1
65,2
38
307
,701
4
97,8
25
stFu
nd R
even
ue A
ccou
nt fo
r the
yea
r end
ed 3
1 M
arch
201
0Fo
rm A
-RA
(UL)
Appe
ndix
II R
efer
Sch
edul
e 16
Not
e 24
Sch
edul
e
Sch
edul
e
(Am
ount
in R
s. '0
00)
SOUR
CES
OF FU
NDS
APPL
ICAT
ION
OF FU
NDS
Polic
y Hol
ders
' Fun
ds:
Polic
y Hol
ders
' Con
trib
utio
nF -
1Re
venu
e Ac
coun
t To
tal
Inve
stm
ents
F -2
Curr
ent A
sset
sF -
3Le
ss : C
urre
nt Li
abili
ties a
nd P
rovi
sions
F -4
Net C
urre
nt A
sset
s To
tal
(a)N
et A
sset
s as p
er B
alan
ce S
heet
(Rs.
in th
ousa
nds)
(b
)Num
ber o
f Uni
ts O
utst
andi
ng (i
n th
ousa
nds)
Ne
t Ass
et V
alue
per
uni
t (a)
/(b)
(Rs.
)
304,
901
40,
663
220
,838
4
02,3
84
1,9
07,1
99
1,3
56,3
97
804
,549
3
,081
,081
49
,504
4
0,62
8 1
92,7
80
327
,278
2
40,3
41
165
,238
3
07,7
01
497
,825
3
54,4
05
81,
291
413
,618
7
29,6
62
2,1
47,5
40
1,5
21,6
35
1,1
12,2
50
3,5
78,9
06
343,
921
77,
238
415
,506
7
15,9
65
2,1
61,2
26
1,5
29,9
18
1,1
08,1
81
3,5
41,2
26
11,5
53
4,3
68
69
26,
455
-
231
9
,233
4
1,98
1 1,
069
315
1
,957
1
2,75
8 1
3,68
6 8
,514
5
,164
4
,301
10
,484
4
,053
(1
,888
) 1
3,69
7 (1
3,68
6) (8
,283
) 4
,069
3
7,68
0 35
4,40
5 8
1,29
1 4
13,6
18
729
,662
2
,147
,540
1
,521
,635
1
,112
,250
3
,578
,906
3
54,4
05
81,
291
413
,618
7
29,6
62
2,1
47,5
40
1,5
21,6
35
1,1
12,2
50
3,5
78,9
06
26,9
16
5,8
49
23,
406
38,
681
147
,157
9
5,90
4 5
0,95
2 1
75,2
08
13.1
673
13.
8971
1
7.67
17
18.
8639
1
4.59
36
15.
8663
2
1.82
94
20.
4267
stFu
nd B
alan
ce S
heet
as a
t 31
Mar
ch 2
010
Form
A-B
S (U
L)Ap
pend
ix II
Ref
er S
ched
ule
16 N
ote
24
Part
icul
ars
Part
icul
ars
Prem
ier
Prem
ier
Prem
ier
Bond
Debt
Equi
tyEq
uity
Gai
nEq
uity
Gro
wth
Equi
ty In
dex
Equi
tySt
ock
Fund
Fund
Fund
Fund
Fund
Fund
Fund
Fund
Prem
ier
Prem
ier
Prem
ier
Pure
Pure
Prem
ier
Prem
ier
Prem
ier
Bond
Debt
Equi
tyEq
uity
Gai
nEq
uity
Gro
wth
Equi
ty In
dex
Equi
tySt
ock
Fund
Fund
Fund
Fund
Fund
Fund
Fund
Fund
Prem
ier
Prem
ier
Prem
ier
Pure
Pure
101
Annual Report 2010-2011Bajaj Allianz Life Insurance Company Ltd. I Appendix II Refer Schedule 16 Note 24 Form A-RA (UL)
Part
icul
ars
INCO
ME
FROM
INVE
STM
ENTS
EXPE
NSES
Inte
rest
Inco
me
Divi
dend
Inco
me
Misc
ella
neou
s Inc
ome
Prof
it/(L
oss)
exc
ludi
ng in
ter s
chem
ePr
ofit/
(Los
s) o
n in
ter f
und
tran
sfer
/sal
e of
inve
stm
ent
Unre
alise
d Ga
in/(
Loss
)To
tal I
ncom
e (A
)
Fund
Adm
inist
ratio
n Ex
pens
esFu
nd M
anag
emen
t Exp
ense
sOt
her c
harg
esF -
5Ex
prop
riatio
n/Ap
ropr
iatio
n Ch
arge
s (In
com
e/Ex
pend
iture
)To
tal E
xpen
ses (
B)Ne
t Inc
ome/
(Los
s) fo
r the
Yea
r (A-
B)Ad
d: R
even
ue A
ccou
nt a
t the
beg
inni
ng o
f the
year
Fund
Rev
enue
Acc
ount
at t
he e
nd o
f the
year
-
24,
360
10,
157
33,
144
2,0
34,0
23
419
620
-
1
,075
2
,021
,215
11
3
,093
2
,927
4
,133
1
,195
,253
1,
791
16,
009
3
26,
147
18,
774,
856
2,52
9 2
5,76
6 -
6
7,01
1 8
,024
,709
13
,671
1
3,39
7 (1
,196
) 3
9,16
1 6
4,34
7,44
8 18
,421
8
3,24
5 1
1,89
1 1
70,6
71
96,
397,
504
-
-
-
-
236
,926
54
6 4
,837
2
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7
,827
3
,269
,592
1
,582
4
98
11,
504
806
1
3,36
5,70
2 (2
92)
(294
) (2
11)
(1,4
69)
(436
,254
) 1
,836
5
,041
1
3,54
0 7
,164
1
6,43
5,96
6 1
6,58
5 7
8,20
4 (1
,649
) 1
63,5
07
79,
961,
538
(454
) 1
5,13
4 -
1
9,42
0 (3
7,65
6,45
1) 1
6,13
1 9
3,33
8 (1
,649
) 1
82,9
27
42,
305,
087
stFu
nd R
even
ue A
ccou
nt fo
r the
yea
r end
ed 3
1 M
arch
201
0Fo
rm A
-RA
(UL)
Appe
ndix
II R
efer
Sch
edul
e 16
Not
e 24
(Am
ount
in R
s. '0
00)
Sch
edul
e
Sch
edul
e
(Am
ount
in R
s. '0
00)
Part
icul
ars
SOUR
CES
OF FU
NDS
APPL
ICAT
ION
OF FU
NDS
Polic
y Hol
ders
' Fun
ds:
Polic
y Hol
ders
' Con
trib
utio
nF -
1Re
venu
e Ac
coun
t To
tal
Inve
stm
ents
F -2
Curr
ent A
sset
sF -
3Le
ss : C
urre
nt Li
abili
ties a
nd P
rovi
sions
F -4
Net C
urre
nt A
sset
s To
tal
(a)N
et A
sset
s as p
er B
alan
ce S
heet
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in th
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nds)
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ber o
f Uni
ts O
utst
andi
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n th
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Ne
t Ass
et V
alue
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Secu
reSh
ield
Stab
leTo
tal
Stoc
k Pe
nsio
nFu
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us
Fund
Fund
Fund
- I
85,
869
527
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2
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1
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241
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1
6,13
1 9
3,33
8 (1
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) 1
82,9
27
42,
305,
087
102
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6
21,3
31
2,7
92,6
33
2,0
25,1
84 2
84,1
46,1
54
80,
690
563
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2
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1
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276
,655
,225
2
1,41
0 5
8,18
3 6
97,6
87
622
,261
1
0,24
0,00
3 1
00
513
1
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1
,623
2
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,074
2
1,31
0 5
7,67
0 6
95,9
31
620
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7
,490
,929
1
02,0
00
621
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2
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,633
2
,025
,184
284
,146
,154
1
02,0
00
621
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2
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2
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,184
6
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3
7,76
1 2
78,2
95
117
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1
6.80
94
16.
4545
1
0.03
48
17.
1921
stFu
nd B
alan
ce S
heet
as a
t 31
Mar
ch 2
010
Form
A-B
S (U
L)Ap
pend
ix II
Ref
er S
ched
ule
16 N
ote
24
Pure
Secu
reSh
ield
Stab
leTo
tal
Stoc
k Pe
nsio
nFu
ndPl
us
Fund
Fund
Fund
- I
102
Bajaj Allianz Life Insurance Company Ltd. I IRDA Registration No.116 dated 3rd August, 2001
(Am
ount
in R
s. '0
00)
stAs
at 3
1 M
arch
201
0Sc
hedu
les t
o Fu
nd R
even
ue A
ccou
nt
Open
ing
Bala
nce
Add
: Add
ition
dur
ing
the
year
Le
ss : D
educ
tion
durin
g th
e ye
ar
Clos
ing
Bala
nce
5,1
05,7
96
-
266
,788
6
,052
2
1,02
1,89
5 7
88,3
13
1,2
91,0
26
834
,681
9
8,77
1 3
,413
,040
1
77,3
37
343
,746
7
,501
1
2,31
3,75
7 1
,117
,786
1
37,0
00
155
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1
3,95
3 1
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3
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1
50,9
86
14,
226
989
,993
9
0,87
1 6
0,69
3 1
22,0
80
16,
345
6,5
56,0
87
173
,573
4
59,5
48
(673
) 3
2,34
5,65
9 1
,815
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1
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,333
8
67,6
83
96,
379
(Am
ount
in R
s. '0
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stAs
at 3
1 M
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201
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nce
Add
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ss : D
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tion
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ount
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ss : D
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nce
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70,1
47
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,424
1
11,7
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79
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832
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4
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9
84,7
52
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47
1,0
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37
-
28
-
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Annual Report 2010-2011Bajaj Allianz Life Insurance Company Ltd. I Appendix II Refer Schedule 16 Note 24 Form A-RA (UL)
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SCHE
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104
Bajaj Allianz Life Insurance Company Ltd. I IRDA Registration No.116 dated 3rd August, 2001
SCHE
DULE
F1 :
POLI
CYHO
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S' CO
NTRI
BUTI
ONAp
pend
ix II
Ref
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105
Annual Report 2010-2011Bajaj Allianz Life Insurance Company Ltd. I Appendix II Refer Schedule 16 Note 24 Form A-RA (UL)
(Am
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in R
s. '0
00)
stAs
at 3
1 M
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SCHE
DULE
F2 :
INVE
STM
ENTS
Appe
ndix
II R
efer
Sch
edul
e 16
Not
e 24
106
Bajaj Allianz Life Insurance Company Ltd. I IRDA Registration No.116 dated 3rd August, 2001
(Am
ount
in R
s. '0
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SCHE
DULE
F2 :
INVE
STM
ENTS
Appe
ndix
II R
efer
Sch
edul
e 16
Not
e 24
107
Annual Report 2010-2011Bajaj Allianz Life Insurance Company Ltd. I Appendix II Refer Schedule 16 Note 24 Form A-RA (UL)
(Am
ount
in R
s. '0
00)
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at 3
1 M
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201
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Sche
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67,
743,
702
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96
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008
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799
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21,5
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640
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3
89,7
50
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205
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-
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1
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100.
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6.81
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87%
SCHE
DULE
F2 :
INVE
STM
ENTS
Appe
ndix
II R
efer
Sch
edul
e 16
Not
e 24
108
Bajaj Allianz Life Insurance Company Ltd. I IRDA Registration No.116 dated 3rd August, 2001
(Am
ount
in R
s. '0
00)
stAs
at 3
1 M
arch
201
0Pa
rtic
ular
s
Sche
dule
s to
Fund
Rev
enue
Acc
ount
APPR
OVED
INVE
STM
ENTS
Go
vern
men
t Bon
ds
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orat
e Bo
nds
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stru
ctur
e Bo
nds
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ty
Mon
ey M
arke
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utua
l Fun
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nk Fi
xed
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sits
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ty Li
nked
Deb
entu
re
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l OT
HER
INVE
STM
ENTS
Co
rpor
ate
Bond
s In
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ruct
ure
Bond
s Eq
uity
M
oney
Mar
ket
Mut
ual F
und
Gold
ETF
Tota
l
Gran
d To
tal
% o
f App
rove
d to
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l %
of O
ther
than
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rove
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l
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ty In
dex
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tyEq
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tyEq
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ty P
lus
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set
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oup
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tion
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tyGr
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dex
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1
17,7
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485
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5,3
79,3
81
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34,
878
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9
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914
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01
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24
148
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562
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02
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8.41
%0.
00%
5.51
%0.
00%
SCHE
DULE
F2 :
INVE
STM
ENTS
Appe
ndix
II R
efer
Sch
edul
e 16
Not
e 24
109
Annual Report 2010-2011Bajaj Allianz Life Insurance Company Ltd. I Appendix II Refer Schedule 16 Note 24 Form A-RA (UL)
(Am
ount
in R
s. '0
00)
stAs
at 3
1 M
arch
201
0Pa
rtic
ular
s
Sche
dule
s to
Fund
Rev
enue
Acc
ount
APPR
OVED
INVE
STM
ENTS
Go
vern
men
t Bon
ds
Corp
orat
e Bo
nds
Infra
stru
ctur
e Bo
nds
Equi
ty
Mon
ey M
arke
t M
utua
l Fun
d Ba
nk Fi
xed
Depo
sits
Equi
ty Li
nked
Deb
entu
re
Tota
l OT
HER
INVE
STM
ENTS
Co
rpor
ate
Bond
s In
frast
ruct
ure
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s Eq
uity
M
oney
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ket
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ual F
und
Gold
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l
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d To
tal
% o
f App
rove
d to
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l %
of O
ther
than
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rove
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495
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175
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7
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5,23
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3,55
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4
55,4
70
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138
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6
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122
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6
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00%
SCHE
DULE
F2 :
INVE
STM
ENTS
Appe
ndix
II R
efer
Sch
edul
e 16
Not
e 24
110
Bajaj Allianz Life Insurance Company Ltd. I IRDA Registration No.116 dated 3rd August, 2001
(Am
ount
in R
s. '0
00)
stAs
at 3
1 M
arch
201
0Pa
rtic
ular
s
Sche
dule
s to
Fund
Rev
enue
Acc
ount
APPR
OVED
INVE
STM
ENTS
Go
vern
men
t Bon
ds
Corp
orat
e Bo
nds
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stru
ctur
e Bo
nds
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ty
Mon
ey M
arke
t M
utua
l Fun
d Ba
nk Fi
xed
Depo
sits
Equi
ty Li
nked
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entu
re
Tota
l OT
HER
INVE
STM
ENTS
Co
rpor
ate
Bond
s In
frast
ruct
ure
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s Eq
uity
M
oney
Mar
ket
Mut
ual F
und
Gold
ETF
Tota
l
Gran
d To
tal
% o
f App
rove
d to
Tota
l %
of O
ther
than
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rove
d to
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l
Prem
ier
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ier
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ier
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ier
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ckSe
cure
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ld P
lus
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leTo
tal
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tyEq
uity
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nEq
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ty In
dex
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tySt
ock
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ion
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1
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87%
7.65
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94%
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14%
0.00
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82%
6.93
%
SCHE
DULE
F2 :
INVE
STM
ENTS
Appe
ndix
II R
efer
Sch
edul
e 16
Not
e 24
111
Annual Report 2010-2011Bajaj Allianz Life Insurance Company Ltd. I Appendix II Refer Schedule 16 Note 24 Form A-RA (UL)
SCHE
DULE
F3 :
CURR
ENT
ASSE
TSAp
pend
ix II
Ref
er S
ched
ule
16 N
ote
24
SCHE
DULE
F3 :
CURR
ENT
ASSE
TSAp
pend
ix II
Ref
er S
ched
ule
16 N
ote
24
(Am
ount
in R
s. '0
00)
stAs
at 3
1 M
arch
201
0Pa
rtic
ular
s
Sche
dule
s to
Fund
Rev
enue
Acc
ount
Accr
ued
Inte
rest
Bank
Bal
ance
s
Divi
dend
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eiva
ble
Mar
gin
Rece
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le
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les f
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ale
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vest
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4
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177
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9
3
283
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(Am
ount
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s. '0
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1 M
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201
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ular
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dule
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ued
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rest
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l
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Acc M
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cele
rate
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set
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Fund
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tal
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Fund
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2Fu
nd-2
014
Fund
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7Fu
nd-I
Fund
-IIFu
ndFu
nd
112
Bajaj Allianz Life Insurance Company Ltd. I IRDA Registration No.116 dated 3rd August, 2001
SCHE
DULE
F3 :
CURR
ENT
ASSE
TSAp
pend
ix II
Ref
er S
ched
ule
16 N
ote
24
SCHE
DULE
F3 :
CURR
ENT
ASSE
TSAp
pend
ix II
Ref
er S
ched
ule
16 N
ote
24
(Am
ount
in R
s. '0
00)
stAs
at 3
1 M
arch
201
0Pa
rtic
ular
s
Sche
dule
s to
Fund
Rev
enue
Acc
ount
Accr
ued
Inte
rest
Bank
Bal
ance
s
Divi
dend
Rec
eiva
ble
Mar
gin
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ivab
le
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ivab
les f
or S
ale
of In
vest
men
ts
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opria
tion
/ Exp
ropr
iatio
n (A
SSET
S)
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l
44,
164
4,5
92
-
-
-
-
-
-
-
-
16,
940
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8
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1
5,21
9 5
71,5
02
437
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6
2,15
8 7
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6
35,2
74
482
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Annual Report 2010-2011Bajaj Allianz Life Insurance Company Ltd. I Appendix II Refer Schedule 16 Note 24 Form A-RA (UL)
SCHE
DULE
F3 :
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pend
ix II
Ref
er S
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SCHE
DULE
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Ref
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(Am
ount
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at 3
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Divi
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ount
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2
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4
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3
Grou
pGr
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Grow
thLi
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mPl
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Prem
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ier
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ier
Pure
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ckSe
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ld P
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leTo
tal
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tyEq
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nEq
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ty In
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ock
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114
Bajaj Allianz Life Insurance Company Ltd. I IRDA Registration No.116 dated 3rd August, 2001
(Am
ount
in R
s. '0
00)
stAs
at 3
1 M
arch
201
0Pa
rtic
ular
s
Sche
dule
s to
Fund
Rev
enue
Acc
ount
Paya
ble
for p
urch
ase
of In
vest
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ts
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r Cur
rent
Liab
ilitie
s
Bank
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ance
s
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opria
tion
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ropr
iatio
n (L
iabi
litie
s)
Tota
l
177
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1
,329
7
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-
-
-
-
-
-
-
14,
860
118
7
29
25
36,
957
2,1
65
-
-
-
4,3
67
-
-
-
-
-
-
-
-
-
-
30,
297
-
-
-
-
-
-
-
-
-
222
,757
1
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8
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2
5 3
6,95
7 2
,165
-
-
-
4
,367
SCHE
DULE
F4 :
CURR
ENT
LIAB
ILIT
IES
Appe
ndix
II R
efer
Sch
edul
e 16
Not
e 24
Acc M
id C
apAc
c Mid
Cap
Acc M
id C
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rate
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set
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mou
nt in
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As a
t 31
Mar
ch 2
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Part
icul
ars
Sche
dule
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Fund
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ount
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ase
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ts
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r Cur
rent
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ance
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tion
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iatio
n (L
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Tota
l
-
-
-
-
-
-
-
-
-
-
749
1
41
10
64
2,4
49
1,9
39
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53
740
4
7 2
,427
-
254
3
2 -
1
40
-
-
-
-
-
-
119
9
5
3 9
6 -
-
-
-
-
749
5
14
51
117
2
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1
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2
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7
40
47
2,4
27
SCHE
DULE
F4 :
CURR
ENT
LIAB
ILIT
IES
Appe
ndix
II R
efer
Sch
edul
e 16
Not
e 24
Bond
Capi
tal
Capi
tal
Capi
tal
Capi
tal
Capi
tal
Cash
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Plu
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ount
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00)
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at 3
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201
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ular
s
Sche
dule
s to
Fund
Rev
enue
Acc
ount
Paya
ble
for p
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ase
of In
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ts
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r Cur
rent
Liab
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s
Bank
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ance
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tion
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n (L
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litie
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Tota
l
-
-
-
141
,815
4
84,9
94
12,
088
31,
787
-
938
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-
835
1
05
9,6
63
26,
116
128
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9
64
4,4
56
2,3
14
82,
328
168
-
-
-
-
-
-
-
-
-
-
-
-
10,
248
32,
888
-
-
-
5,4
96
-
394
835
1
05
19,
911
200
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6
13,7
96
13,
052
36,
243
7,8
10
1,0
21,1
22
562
SCHE
DULE
F4 :
CURR
ENT
LIAB
ILIT
IES
Appe
ndix
II R
efer
Sch
edul
e 16
Not
e 24
Debt
Debt
Plu
sEq
uity
Equi
tyEq
uity
Equi
tyEq
uity
Equi
tyEq
uity
Equi
tyPl
usPe
nsio
nFu
ndGa
inGr
owth
Grow
thGr
owth
Inde
xIn
dex
Inde
xFu
ndFu
ndFu
ndFu
ndFu
nd-II
Pens
ion
Fund
Fund
Fund
-IIPe
nsio
n Fu
nd
115
Annual Report 2010-2011Bajaj Allianz Life Insurance Company Ltd. I Appendix II Refer Schedule 16 Note 24 Form A-RA (UL)
(Am
ount
in R
s. '0
00)
stAs
at 3
1 M
arch
201
0Pa
rtic
ular
s
Sche
dule
s to
Fund
Rev
enue
Acc
ount
Paya
ble
for p
urch
ase
of In
vest
men
ts
Othe
r Cur
rent
Liab
ilitie
s
Bank
Bal
ance
s
Appr
opria
tion
/ Exp
ropr
iatio
n (L
iabi
litie
s)
Tota
l
144
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-
2
,063
3
1,83
4 1
83,1
23
10,
966
-
-
18,
514
-
6,4
08
4,2
74
212
3
,260
2
0,08
8 1
,294
2
5
44
11
-
-
-
-
-
-
-
-
-
-
-
-
5,3
17
482
7
,533
4
5,96
9 2
,947
-
-
-
-
151
,281
9
,591
2
,757
4
2,62
7 2
49,1
80
15,
207
2
544
1
8,52
5 -
SCHE
DULE
F4 :
CURR
ENT
LIAB
ILIT
IES
Appe
ndix
II R
efer
Sch
edul
e 16
Not
e 24
(Am
ount
in R
s. '0
00)
stAs
at 3
1 M
arch
201
0Pa
rtic
ular
s
Sche
dule
s to
Fund
Rev
enue
Acc
ount
Paya
ble
for p
urch
ase
of In
vest
men
ts
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r Cur
rent
Liab
ilitie
s
Bank
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s
Appr
opria
tion
/ Exp
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n (L
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litie
s)
Tota
l
-
-
-
-
-
-
-
-
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82
553
1
53
391
1
,158
1
06
3,0
27
-
914
2
48
-
-
-
-
-
-
-
-
120
5
6
-
-
-
19
-
-
-
-
35
11
82
553
1
53
410
1
,158
1
06
3,0
27
-
1,0
69
315
SCHE
DULE
F4 :
CURR
ENT
LIAB
ILIT
IES
Appe
ndix
II R
efer
Sch
edul
e 16
Not
e 24
(Am
ount
in R
s. '0
00)
stAs
at 3
1 M
arch
201
0Pa
rtic
ular
s
Sche
dule
s to
Fund
Rev
enue
Acc
ount
Paya
ble
for p
urch
ase
of In
vest
men
ts
Othe
r Cur
rent
Liab
ilitie
s
Bank
Bal
ance
s
Appr
opria
tion
/ Exp
ropr
iatio
n (L
iabi
litie
s)
Tota
l
-
8,7
25
-
-
-
-
-
-
-
-
2,1
96,4
96
947
1
,538
5
,568
3
,911
1
,552
4
,301
1
00
513
1
,756
1
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3
90,2
25
6
115
1
,112
1
,169
-
-
-
-
-
-
3
,004
1,0
04
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80
7,0
06
3,4
34
3,6
12
-
-
-
-
-
159
,349
1,9
57
12,
758
13,
686
8,5
14
5,1
64
4,3
01
100
5
13
1,7
56
1,6
23
2,7
49,0
74
SCHE
DULE
F4 :
CURR
ENT
LIAB
ILIT
IES
Appe
ndix
II R
efer
Sch
edul
e 16
Not
e 24
Grou
pGr
oup
Grow
thLi
fe Lo
ngLi
quid
Liqu
idM
axPr
emie
rPr
emie
rPr
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quid
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t Ter
mPl
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Prem
ier
Prem
ier
Prem
ier
Prem
ier
Pure
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Pure
Sto
ckSe
cure
Shie
ld P
lus
Stab
leTo
tal
Equi
tyEq
uity
Gai
nEq
uity
Equi
ty In
dex
Equi
tySt
ock
Pens
ion
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-IFu
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ty In
dex
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tyEq
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Equi
tyEq
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Equi
ty P
lus
Grou
p As
set
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pGr
oup
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pPe
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nM
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pM
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pM
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tion
Debt
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tyGr
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dex
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116
Bajaj Allianz Life Insurance Company Ltd. I IRDA Registration No.116 dated 3rd August, 2001
(Am
ount
in R
s. '0
00)
stAs
at 3
1 M
arch
201
0Pa
rtic
ular
s
Sche
dule
s to
Fund
Rev
enue
Acc
ount
133
,326
1
,732
3
,120
-
1
,743
,176
2
7,34
6 -
-
-
1
41,1
05
-
-
-
-
-
-
-
-
-
-
34
-
4
-
8
-
-
-
-
180
79,
084
643
1
88
-
478
,204
4
,202
-
-
-
7
6,39
4
13,
951
23
24
-
73,
665
249
-
-
-
1
8,61
4
-
-
-
-
-
-
-
-
-
-
52,
711
6,9
52
4,1
29
28
632
,934
1
9,80
9 -
-
-
5
5,90
4
-
-
-
-
-
-
-
-
-
-
279
,106
9
,350
7
,465
2
8 2
,927
,987
5
1,60
6 -
-
-
2
92,1
97
Pol
icy A
dmin
istra
tion
Char
ge
Sur
rend
er C
harg
e
Sw
itchi
ng C
harg
e
Mor
talit
y Cha
rge
Rid
er P
rem
ium
Cha
rge
Par
tial W
ithdr
awal
Cha
rge
Ser
vice
Tax
Expe
nses
Misc
ella
neou
s Cha
rge
Tota
l
SCHE
DULE
F5 :
OTHE
R EX
PENS
ESAp
pend
ix II
Ref
er S
ched
ule
16 N
ote
24
Acc M
id C
apAc
c Mid
Cap
Acc M
id C
apAc
cele
rate
dAs
set
Asse
tBa
lanc
edBa
lanc
edBa
lanc
edBo
ndFu
ndFu
nd-II
Pens
ion
Fund
Allo
catio
nAl
loca
tion
Fund
Plus
Plus
Pen
sion
Fund
Fund
Fund
Pens
ion
Fund
Fund
Fund (A
mou
nt in
Rs.
'000
)st
As a
t 31
Mar
ch 2
010
Part
icul
ars
Sche
dule
s to
Fund
Rev
enue
Acc
ount
3,8
04
1,8
16
116
8
46
-
-
-
3,4
05
387
-
-
-
-
-
-
-
-
-
-
-
32
-
-
-
-
-
43
226
4
3 2
32
360
1
,587
1
25
637
-
-
1
1,64
7 6
,498
1
56
12,
162
28
-
-
-
-
-
3,9
14
984
1
8 2
,631
-
-
-
-
-
-
-
-
-
-
5,6
95
502
3
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Annual Report 2010-2011Bajaj Allianz Life Insurance Company Ltd. I Appendix II Refer Schedule 16 Note 24 Form A-RA (UL)
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Bajaj Allianz Life Insurance Company Ltd. I IRDA Registration No.116 dated 3rd August, 2001
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119
Annual Report 2010-2011Bajaj Allianz Life Insurance Company Ltd. I Appendix III Refer Schedule 16 Note 24
Disclosure for Unit Linked Business as per Unit Linked Disclosure Norms:
I. Investment Management
i) Activities outsourced: Nilii) Fees paid for various activities charged to Policyholders' account: Refer Enclosure “B”.iii) Basis of Payment of Fees: Refer Enclosure “B”.
II. Related party transactions
i) During the year details of payments and receipts made to/from related parties are as follows (Previous year: NIL);
(Rs in ‘000)
ii) Company wise details of investments held in the promoter group along with its percentage to funds under management: As on 31st March 11 no investments is held in the promoter group (Previous year NIL)
III. Industry wise Disclosure of Investment : Refer Enclosure “C”.
IV. Unclaimed redemption of Units : As on 31st March 11 there is no unclaimed redemption of units.
V. Highest, Lowest and Closing NAV at the end of the year : Refer Enclosure “D”. VI. Expenses Charged to Fund (percentage basis):
i) Annualized expense ratio to average daily assets of the Fund: Refer Enclosure “E”
VII. Ratio of Gross income to average daily net assets : Refer Enclosure “F”
VIII.There are no doubtful debts on assets as on 31st March 11.
IX. Disclosure of appreciation and/or depreciation in value of investments : Refer Enclosure “G”
Performance of Fund: Refer Enclosure “A”
Appendix III Refer Schedule 16 Note 24
Schedules forming part of financial statements for year ended 31st March 2011
Name of Related Party Issuer/Counterparty/Broker Type of transaction Amount
Bajaj Holding and Investments Ltd. Counterparty Sale 106,065
Bajaj Auto Ltd. Counterparty Sale 694,157
Bajaj Auto Finance Limited Issuer Purchase 100,000
120
Bajaj Allianz Life Insurance Company Ltd. I IRDA Registration No.116 dated 3rd August, 2001
Enclosure A : Performance of Fund (Absolute Growth %)Appendix III Refer Schedule 16 Note 24
Fund Names Date of Inception
Current Year 2010-11 (%)
2009-10 (%) 2008-09 (%) Since Inception (%)
Acc Mid Cap Fund 24-Jul-06 6.69 124.22 (41.27) 112.03 Acc Mid Cap Fund II 6-Jan-10 8.37 7.97 - 17.01 Acc Mid Cap Pension Fund 24-Jul-06 5.70 134.12 (41.49) 119.80 Accelerated Fund 18-Nov-04 15.44 52.37 (2.42) 150.09 Asset Allocation Fund 28-Sep-07 8.20 34.67 (8.12) 33.94 Asset Allocation Pension Fund 28-Jan-08 7.04 32.45 (8.37) 25.44 Assured Return Fund 27-Jan-11 1.84 - - 1.84 Balanced Fund 15-Jan-04 8.11 33.39 (15.64) 93.87 Balanced Plus Fund 23-Jul-04 9.41 34.28 (12.56) 129.14 Balanced Plus Pension Fund 18-Nov-04 9.81 33.93 (11.93) 118.61 Blue Chip Equity Fund 26-Oct-10 (5.22) - - (5.22)Bond Fund 10-Jul-06 6.66 9.06 13.22 50.26 Bond Pension Fund 24-Jul-06 6.78 8.93 14.26 53.49 Capital Guarantee Fund- 2012 11-Jan-07 5.51 18.24 (0.89) 35.88 Capital Guarantee Fund- 2014 11-Jan-07 7.06 19.46 (3.64) 36.31 Capital Guarantee Fund- 2017 11-Jan-07 9.74 29.00 (10.56) 43.46 Capital Shield-I 24-Nov-08 5.70 16.84 4.59 29.17 Capital Shield-II 24-Nov-08 8.55 30.69 3.98 47.50 Cash Fund 15-Jan-04 5.56 6.70 9.12 49.71 Cash Plus Fund 23-Jul-04 7.12 8.57 10.73 65.02 Cash Plus Pension Fund 18-Nov-04 7.62 9.26 10.77 65.93 Debt Fund 15-Jan-04 5.98 6.78 11.45 45.18 Debt Plus Fund 23-Jul-04 7.45 9.19 13.99 61.26 Debt Plus Pension Fund 18-Nov-04 7.65 9.83 13.26 65.97 Equity Fund 15-Jan-04 9.73 70.20 (36.44) 164.13 Equity Gain Fund 23-Jul-04 10.20 70.45 (30.48) 260.39 Equity Growth Fund 24-Jul-06 12.72 69.47 (34.55) 69.33 Equity Growth Fund II 6-Jan-10 16.38 6.14 - 23.52 Equity Growth Pension Fund 24-Jul-06 16.46 80.56 (34.41) 83.62 Equity Index Fund 23-Jul-04 11.11 72.53 (35.57) 248.70 Equity Index Fund - II 24-Jul-06 10.78 72.41 (35.59) 87.34 Equity Index Pension Fund 18-Nov-04 11.79 72.78 (35.62) 208.71 Equity Index Pension Fund - II 24-Jul-06 10.80 72.32 (35.64) 83.52 Equity Midcap Fund 9-Mar-05 2.06 100.11 (31.01) 198.37 Equity Midcap Pension Fund 9-Mar-05 6.96 132.89 (29.05) 319.06 Equity Midcap Plus Fund 9-Mar-05 6.18 128.82 (30.89) 275.65 Equity Plus Fund 23-Jul-04 10.19 73.30 (29.76) 281.55 Equity Plus Pension Fund 18-Nov-04 16.70 84.61 (27.68) 290.54 Group Asset Allocation Fund 26-Feb-10 20.02 2.76 - 23.33 Group Debt Fund 26-Mar-08 7.92 10.14 12.59 33.83 Group Equity Index Fund 22-Feb-10 9.60 0.71 - 10.37 Group Growth Fund - I * 7-Jul-09 - 3.62 - 10.78 Group Liquid Fund 3-Nov-08 7.35 11.24 5.17 25.60 Group Short Term Debt Fund 28-Feb-09 9.01 7.15 0.18 17.01 Growth Plus Fund I 14-Jan-10 5.45 0.93 - 6.43 Growth Plus Fund II 10-May-10 (11.65) - - (11.65)Growth Plus Fund III 26-Oct-10 7.47 - - 7.47 Life Long Gain Fund 23-Jul-04 4.17 6.20 11.20 32.15 Liquid Fund 10-Jul-06 6.87 8.11 10.38 47.46 Liquid Pension Fund 24-Jul-06 7.16 8.53 10.57 48.23 Max Gain Fund I 17-Dec-09 9.49 3.10 - 12.89 Max Gain Fund II 14-Sep-10 5.07 - - 5.07 Premier Balanced Fund 17-Dec-05 7.28 30.91 (12.31) 63.75 Premier Bond Fund 21-Jul-06 4.63 7.29 10.62 37.76 Premier Debt Fund 17-Dec-05 4.93 8.66 11.68 45.82 Premier Equity Fund 17-Dec-05 9.77 70.40 (36.48) 93.98 Premier Equity Gain Fund 17-Dec-05 14.26 81.77 (28.62) 115.55 Premier Equity Growth Fund 24-Jul-06 15.34 75.45 (36.92) 68.32 Premier Equity Index Fund 24-Jul-06 9.14 69.20 (36.82) 73.17 Pure Equity Fund 17-Dec-05 7.61 80.20 (17.04) 134.90 Pure Stock Fund 21-Jul-06 7.44 75.79 (17.88) 119.47 Pure Stock Pension Fund 17-Apr-08 7.56 109.23 (19.66) 80.80 Secure Fund 15-Oct-04 9.39 21.21 3.69 80.00 Shield Plus Fund I 13-Jan-10 7.37 0.35 - 7.75 Shield Plus Fund II 10-May-10 5.78 - - 5.78 Shield Plus Fund III 11-Aug-10 3.42 - - 3.42 Stable Fund 15-Sep-04 7.78 29.79 1.48 85.30 * Fund closed on 30th March 2011
121
Annual Report 2010-2011Bajaj Allianz Life Insurance Company Ltd. I Appendix III Refer Schedule 16 Note 24
Enclosure B: Fees Charged to Policyholders' AccountAppendix III Refer Schedule 16 Note 24
(Amount in Rs. '000)2010-11 2009-10
Particulars Fund Manage-
ment Expenses
Fund Admini-stration
Expenses
Service Tax
Policy Admini-stration Charge
Switching Charge
Mortality Charge
Rider Premium
Charge
Fund Manage-
ment Expenses
Fund Admini-stration
Expenses
Service Tax
Policy Admini
stration Charge
Switching Charge
Mortality Charge
Rider Premium
Charge
Acc Mid Cap Fund 172,918 - 32,166 167,147 78 79,488 14,781 120,660 - 52,711 133,326 34 79,084 13,951 Acc Mid Cap Fund II 11,024 - 8,496 47,850 - 18,225 580 157 - 6,952 1,732 - 643 23 Acc Mid Cap Pension Fund 13,800 - 3,061 7,937 11 891 88 6,315 - 4,129 3,120 4 188 24 Accelerated Fund 300 - 34 - - - - 276 - 28 - - - - Asset Allocation Fund 468,051 - 196,687 1,908,421 11 462,736 67,891 318,940 - 632,934 1,743,176 8 478,204 73,665 Asset Allocation Pension Fund 31,473 - 7,003 31,018 0 4,105 236 16,476 - 19,809 27,346 0 4,202 249 Assured Return Fund 71 - 87 - - 760 34 - - - - - - - Balanced Fund - - - - - - - - - - - - - - Balanced Plus Fund - - - - - - - - - - - - - - Balanced Plus Pension Fund - - - - - - - - - - - - - - Blue Chip Equity Fund 2,566 - 466 4,840 - 1,755 85 - - - - - - - Bond Fund 59,944 - 23,944 178,283 266 78,848 18,223 38,429 - 55,904 141,105 180 76,394 18,614 Bond Pension Fund 12,302 - 2,602 5,695 40 620 38 5,792 - 5,695 3,804 32 360 28 Capital Guarantee Fund- 2012 1,234 - 307 1,492 - 1,339 - 1,549 - 502 1,816 - 1,587 - Capital Guarantee Fund- 2014 89 - 23 93 - 106 - 107 - 35 116 - 125 - Capital Guarantee Fund- 2017 537 - 123 667 - 482 - 704 - 219 846 - 637 - Capital Shield-I 27,107 - 2,792 - - - - 24,915 - 2,566 - - - - Capital Shield-II 22,514 - 2,319 - - - - 19,620 - 2,021 - - - - Cash Fund 9,157 11,447 3,451 - 46 10,088 3,155 11,038 13,798 4,247 0 43 11,647 3,914 Cash Plus Fund 7,962 - 2,126 2,740 205 5,470 750 8,905 - 2,324 3,405 226 6,498 984 Cash Plus Pension Fund 470 - 100 249 77 77 13 600 - 136 387 43 156 18 Debt Fund 9,986 12,482 3,548 1 124 10,143 2,095 12,849 16,062 4,548 0 232 12,162 2,631 Debt Plus Fund 8,918 - 2,850 5,958 286 9,606 1,276 9,915 - 3,620 6,749 1,161 11,612 1,577 Debt Plus Pension Fund 940 - 218 496 348 184 43 1,265 - 280 726 152 308 57 Equity Fund 41,378 51,722 13,348 3 90 29,524 7,858 46,157 57,696 15,467 0 113 35,826 9,595 Equity Gain Fund 135,927 113,273 33,823 0 75 68,124 13,028 151,735 126,447 39,079 (0) 214 83,192 15,887 Equity Growth Fund 1,464,242 - 306,520 1,739,498 71 863,824 143,496 1,136,884 - 621,836 1,667,250 72 938,952 152,275 Equity Growth Fund II 33,277 - 17,861 93,327 - 32,619 780 1,223 - 20,490 7,265 - 2,315 51 Equity Growth Pension Fund 55,235 - 8,086 32,296 9 1,800 101 46,348 - 20,030 29,087 7 1,645 88 Equity Index Fund 22,323 - 5,044 13,535 207 14,810 2,345 25,024 - 6,955 16,052 657 17,962 2,961 Equity Index Fund - II 1,053,710 - 357,229 3,019,002 213 1,086,479 170,413 678,839 - 963,872 2,589,211 212 1,114,387 186,056 Equity Index Pension Fund 1,611 - 264 656 180 211 78 1,923 - 393 948 59 369 103 Equity Index Pension Fund - II 86,693 - 15,200 70,345 48 5,275 322 48,049 - 50,773 53,881 37 4,535 274 Equity Midcap Fund 21,848 18,207 5,380 0 29 9,869 2,588 23,748 19,790 6,083 0 31 12,031 3,124 Equity Midcap Pension Fund 1,990 - 233 424 75 66 16 2,141 - 317 557 55 107 25 Equity Midcap Plus Fund 31,480 - 4,449 5,698 147 7,880 1,993 34,609 - 5,918 7,205 170 9,744 2,467 Equity Plus Fund 1,85,657 - 28,787 46,209 407 68,809 11,458 220,651 - 42,023 59,659 998 89,260 14,880 Equity Plus Pension Fund 12,200 - 1,456 2,948 418 568 168 14,749 - 2,254 4,397 221 1,033 230 Group Asset Allocation Fund 3,331 - 2,045 2,307 - 11,397 76 2 - 419 11 - 66 1 Group Debt Fund 5,272 - 670 - - - - 12,415 - 1,279 - - - - Group Equity Index Fund 5,930 - 4,251 3,865 - 16,125 483 10 - 6,079 104 - 425 26 Group Growth Fund - I - - - - - - - - - - - - - - Group Liquid Fund 1,153 - 204 - - - - 1,538 - 158 - - - - Group Short Term Debt Fund 6,585 - 936 - - - - 5,299 - 546 - - - - Growth Plus Fund I 3,261 - 540 4,708 - 710 - 197 - 276 615 - 91 - Growth Plus Fund II 665 - 107 1,142 - 179 - - - - - - - - Growth Plus Fund III 203 - 28 340 - 65 2 - - - - - - - Life Long Gain Fund 1,896 2,370 519 - - 728 - 1,799 2,249 552 - - 880 - Liquid Fund 16,633 - 16,285 89,708 61 44,225 12,259 9,515 - 51,575 59,644 47 31,252 12,609 Liquid Pension Fund 1,745 - 351 856 15 53 5 799 - 654 541 5 22 3 Max Gain Fund I 47,355 9,471 24,405 294,144 - 75,638 1,249 4,430 886 96,263 48,068 - 11,405 239 Max Gain Fund II 2,290 458 1,519 - - 12,481 - - - - - - - - Premier Balanced Fund - - - - - - - - - - - - - - Premier Bond Fund 10,394 - 1,284 2,189 33 1,610 - 8,783 - 1,265 1,975 23 1,518 - Premier Debt Fund 2,608 - 349 1,220 6 505 - 2,800 - 480 1,279 11 577 - Premier Equity Fund 9,148 - 1,213 3,961 2 1,675 - 10,147 - 1,736 4,468 6 2,283 - Premier Equity Gain Fund 15,009 - 1,978 6,591 4 2,582 - 16,295 - 2,810 7,221 6 3,826 - Premier Equity Growth Fund 57,282 - 7,423 16,024 5 11,014 - 54,589 - 8,840 17,931 6 13,590 - Premier Equity Index Fund 41,070 - 5,260 10,949 29 7,615 0 36,494 - 5,672 10,952 23 7,982 0 Pure Equity Fund 15,326 - 4,140 32,660 1 15,087 1,193 15,570 - 7,703 38,068 2 16,872 1,467 Pure Stock Fund 55,303 - 19,256 172,376 11 63,552 6,972 42,862 - 43,688 158,580 4 58,399 7,001 Pure Stock Pension Fund 2,281 - 729 1,497 2 182 30 546 - 1,221 336 0 23 2 Secure Fund 9,037 - 1,023 - - - - 4,837 - 498 - - - - Shield Plus Fund I 38,938 - 6,580 56,511 - 10,587 0 2,247 - 3,080 7,102 - 1,322 - Shield Plus Fund II 8,101 - 1,350 12,762 - 1,755 - - - - - - - - Shield Plus Fund III 4,622 - 626 7,253 - 1,502 29 - - - - - - - Stable Fund 33,530 - 3,792 - - - - 7,827 - 806 - - - - Total 4,407,904 219,429 1,196,944 8,107,892 3,630 3,154,045 486,235 3,269,592 236,926 2,829,750 6,860,061 5,094 3,145,698 525,099
Basis of Payment of Fees Fund Management Expenses % of NAVFund Administration Expenses % of NAV/Fixed AmountService Tax As per the applicable rates of Service TaxPolicy Administration Charge Charges applicable p.a.Switching Charge Expense per switchMortality Charge As per mortality tableRider Premium Charge As per rider charges in the policy documents
122
Bajaj Allianz Life Insurance Company Ltd. I IRDA Registration No.116 dated 3rd August, 2001
Enclosure C : Summary of Industry Wise Disclosure of Investments
Fundwise Industrywise Disclosure of Investments
Appendix III Refer Schedule 16 Note 24
Industry F.Y.2010-11 F.Y.2009-10 Amt in Rs. '000 Exposure (%) Amt in Rs. '000 Exposure (%)
Banking Services Industry - Fixed Deposit and Certificate of Deposit 44,296,402 13.66 31,757,816 11.48 Banking Services Industry - Other than Fixed Deposit and Certificate of Deposit 51,139,026 15.77 43,016,392 15.55 Computer Software Industry 33,996,228 10.48 27,197,294 9.83 Others 194,915,869 60.09 174,683,725 63.14 Total 324,347,526 100.00 276,655,227 100.00 Note : - Industry Exposure does not include cash element
F.Y.2010-11 F.Y.2009-10Portolio Name Banking Services
Industry Computer Software
Industry Others Banking Services
Industry Computer Software
Industry Others
Amt in Rs. '000
Exposure (%)
Amt in Rs. '000
Exposure (%)
Amt in Rs. '000
Exposure (%)
Amt in Rs. '000
Exposure (%)
Amt in Rs. '000
Exposure (%)
Amt in Rs. '000
Exposure (%)
Acc Mid Cap Fund 2,520,407 2.64 776,788 2.28 6,625,051 3.40 1,849,077 2.47 851,496 3.13 6,662,492 3.81 Acc Mid Cap Fund II 447,631 0.47 132,871 0.39 998,631 0.51 24,256 0.03 11,086 0.04 96,883 0.06 Acc Mid Cap Pension Fund 405,655 0.43 74,804 0.22 685,777 0.35 124,697 0.17 54,838 0.20 438,554 0.25 Accelerated Fund 10,855 0.01 972 0.00 12,649 0.01 3,975 0.01 1,430 0.01 16,624 0.01 Asset Allocation Fund 10,136,925 10.62 2,932,249 8.63 26,951,717 13.83 10,307,196 13.78 1,181,575 4.34 20,404,556 11.68 Asset Allocation Pension Fund 1,096,375 1.15 132,605 0.39 1,509,635 0.77 754,360 1.01 68,954 0.25 1,125,778 0.64 Assured Return Fund - - - - 68,115 0.03 - - - - - - Blue Chip Equity Fund 326,857 0.34 130,453 0.38 483,021 0.25 - - - - - - Bond Fund 4,222,196 4.42 - - 3,022,721 1.55 1,859,882 2.49 - - 3,021,359 1.73 Bond Pension Fund 973,909 1.02 - - 710,411 0.36 329,183 0.44 - - 524,981 0.30 Capital Guarantee Fund- 2012 11,480 0.01 4,647 0.01 65,157 0.03 5,555 0.01 3,999 0.01 106,967 0.06 Capital Guarantee Fund- 2014 1,380 0.00 283 0.00 3,870 0.00 1,325 0.00 307 0.00 6,779 0.00 Capital Guarantee Fund- 2017 3,696 0.00 2,652 0.01 30,188 0.02 4,996 0.01 3,527 0.01 44,431 0.03 Capital Shield-I 269,088 0.28 5,568 0.02 659,074 0.34 197,817 0.26 51,420 0.19 644,964 0.37 Capital Shield-II 6,113 0.01 - - 669,948 0.34 5,755 0.01 - - 629,387 0.36 Cash Fund 811,114 0.85 - - - - 987,467 1.32 - - - - Cash Plus Fund 965,088 1.01 - - - - 1,101,925 1.47 - - - - Cash Plus Pension Fund 49,756 0.05 - - - - 59,211 0.08 - - 9,500 0.01 Debt Fund 354,541 0.37 - - 514,864 0.26 398,761 0.53 - - 700,165 0.40 Debt Plus Fund 682,071 0.71 - - 506,139 0.26 438,402 0.59 - - 778,117 0.45 Debt Plus Pension Fund 79,055 0.08 - - 42,096 0.02 34,258 0.05 - - 117,895 0.07 Equity Fund 792,259 0.83 551,682 1.62 2,429,337 1.25 820,180 1.10 577,832 2.12 3,165,742 1.81 Equity Gain Fund 2,597,158 2.72 1,122,476 3.30 4,309,457 2.21 3,205,318 4.29 1,079,648 3.97 5,736,598 3.28 Equity Growth Fund 26,818,249 28.10 8,413,417 24.75 48,381,301 24.82 24,402,241 32.63 9,140,135 33.61 45,812,226 26.23 Equity Growth Fund II 1,287,275 1.35 336,963 0.99 1,722,270 0.88 322,756 0.43 133,716 0.49 696,508 0.40 Equity Growth Pension Fund 1,539,885 1.61 472,036 1.39 2,241,084 1.15 913,535 1.22 325,368 1.20 2,337,879 1.34 Equity Index Fund 426,943 0.45 299,303 0.88 1,318,000 0.68 439,784 0.59 309,419 1.14 1,695,225 0.97 Equity Index Fund - II 19,866,945 20.82 13,654,636 40.17 59,921,875 30.74 13,557,414 18.13 9,252,556 34.02 51,077,284 29.24 Equity Index Pension Fund 29,040 0.03 20,821 0.06 91,880 0.05 31,418 0.04 22,166 0.08 121,443 0.07 Equity Index Pension Fund - II 1,649,925 1.73 1,115,760 3.28 4,914,019 2.52 1,160,105 1.55 735,046 2.70 4,026,470 2.31 Equity Midcap Fund 377,111 0.40 81,505 0.24 748,946 0.38 190,647 0.25 156,214 0.57 1,293,362 0.74 Equity Midcap Pension Fund 32,205 0.03 7,478 0.02 69,756 0.04 18,039 0.02 14,098 0.05 116,412 0.07 Equity Midcap Plus Fund 562,182 0.59 118,068 0.35 1,086,787 0.56 309,834 0.41 217,037 0.80 1,794,196 1.03 Equity Plus Fund 3,305,438 3.46 1,397,745 4.11 5,942,027 3.05 4,573,695 6.12 1,458,341 5.36 7,947,307 4.55 Equity Plus Pension Fund 221,145 0.23 82,530 0.24 393,976 0.20 189,215 0.25 89,702 0.33 606,830 0.35 Group Asset Allocation Fund 510,238 0.53 62,557 0.18 527,060 0.27 925 0.00 255 0.00 1,065 0.00 Group Debt Fund 370,277 0.39 - - 385,493 0.20 127,058 0.17 - - 435,337 0.25 Group Equity Index Fund 281,294 0.29 195,121 0.57 867,245 0.44 19,350 0.03 4,845 0.02 28,553 0.02 Group Growth Fund-I * - - - - - - - - - - 485,602 0.28 Group Liquid Fund 195,822 0.21 - - 2,500 0.00 122,222 0.16 - - - - Group Short Term Debt Fund 195,000 0.20 - - 553,013 0.28 16,014 0.02 - - 630,885 0.36 Growth Plus Fund I 40,197 0.04 - - 180,851 0.09 24,267 0.03 - - 152,901 0.09 Growth Plus Fund II 7,270 0.01 - - 55,670 0.03 - - - - - - Growth Plus Fund III 9,661 0.01 5,458 0.02 35,216 0.02 - - - - - - Life Long Gain Fund 40,670 0.04 - - 160,015 0.08 35,043 0.05 - - 149,681 0.09 Liquid Fund 2,083,658 2.18 - - - - 1,321,885 1.77 - - - - Liquid Pension Fund 245,909 0.26 - - - - 114,650 0.15 - - - - Max Gain Fund I 3,255,092 3.41 465,446 1.37 2,186,665 1.12 2,115,198 2.83 - - 646,800 0.37 Max Gain Fund II 520,498 0.55 - - 35,467 0.02 - - - - - - Premier Bond Fund 193,677 0.20 - - 188,360 0.10 147,625 0.20 - - 196,295 0.11 Premier Debt Fund 69,735 0.07 - - 48,595 0.02 43,011 0.06 - - 67,559 0.04 Premier Equity Fund 75,142 0.08 53,885 0.16 237,268 0.12 80,375 0.11 56,586 0.21 310,018 0.18 Premier Equity Gain Fund 209,398 0.22 68,360 0.20 325,171 0.17 146,881 0.20 70,961 0.26 498,124 0.29 Premier Equity Growth Fund 631,316 0.66 213,233 0.63 1,070,479 0.55 526,787 0.70 335,946 1.24 1,298,492 0.74 Premier Equity Index Fund 298,266 0.31 209,684 0.62 923,336 0.47 275,705 0.37 193,590 0.71 1,060,624 0.61 Pure Equity Fund - - 130,488 0.38 920,667 0.47 - - 174,720 0.64 933,462 0.53 Pure Stock Fund - - 653,037 1.92 3,797,944 1.95 - - 515,873 1.90 3,025,352 1.73 Pure Stock Pension Fund - - 24,311 0.07 153,677 0.08 - - 11,140 0.04 69,549 0.04 Secure Fund 363,435 0.38 15,882 0.05 651,046 0.33 193,697 0.26 12,205 0.04 357,760 0.20 Shield Plus Fund I 1,154,133 1.21 24,886 0.07 1,671,050 0.86 572,534 0.77 - - 1,524,168 0.87 Shield Plus Fund II 315,416 0.33 5,568 0.02 455,700 0.23 - - - - - - Shield Plus Fund III 502,058 0.53 - - 525,951 0.27 - - - - - - Stable Fund 987,315 1.03 - - 1,827,656 0.94 268,703 0.36 81,261 0.30 1,054,582 0.60 Total 95,435,428 100.00 33,996,228 100.00 194,915,869 100.00 74,774,208 100.00 27,197,294 100.00 174,683,725 100.00 * Fund closed on 30th March 2011
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Annual Report 2010-2011Bajaj Allianz Life Insurance Company Ltd. I Appendix III Refer Schedule 16 Note 24
Banking Services- Exposure details - Scrip WiseAppendix III Refer Schedule 16 Note 24
Instrument F.Y. 2010-11 F.Y. 2009-10 Amt in Rs. `000 (%) Amt in Rs. `000 (%)
10% HDFC Bank Ltd... - 13-Dec-2011 FD 49,900 0.05 49,900 0.07 10.25% Indian Overseas Bank FD (MD 27/02/2013) 250,000 0.26 - 10.35% State Bank Hyderabad FD (MD 14/03/2013) 500,000 0.52 - 10.36% Dena Bank FD (MD 30/03/2012) 250,000 0.26 - 10.40% State Bank of Hyderabad FD (MD 14/03/2013) 250,000 0.26 - 11.10% IDBI Bank Ltd (MD 26/09/2013) 51,536 0.05 54,747 0.07 6.75% State Bank of Bikaner and Jaipur FD (11/04/2011) 9,500 0.01 - 6.75% State Bank of Bikaner and Jaipur FD (12/04/2011) 9,500 0.01 - 6.75% State Bank of Bikaner and Jaipur FD (13/04/2011) 9,500 0.01 - 6.75% State Bank of Bikaner and Jaipur FD (14/04/2011) 9,500 0.01 - 6.75% State Bank of Bikaner and Jaipur FD (15/04/2011) 9,500 0.01 - 6.75% State Bank of Bikaner and Jaipur FD (18/04/2011) 9,500 0.01 - 6.75% State Bank of Bikaner and Jaipur FD (19/04/2011) 9,500 0.01 - 6.75% State Bank of Bikaner and Jaipur FD (20/04/2011) 9,500 0.01 - 6.75% State Bank of Bikaner and Jaipur FD (21/04/2011) 9,500 0.01 - 6.75% State Bank of Bikaner and Jaipur FD (22/04/2011) 9,500 0.01 - 7% State Bank of India FD (MD 09/06/2010) - 500,000 0.67 7% State Bank of India Quarterly Comp FD (MD 08/04/2010) - 360,000 0.48 7.0% HDFC Bank FD (MD 14/06/2011) 49,900 0.05 - 7.05% HDFC Bank FD (MD 13/06/2011) 49,900 0.05 - 7.20% Bank of India FD (MD 21/03/2011) - 750,000 1.00 7.25% Bank of Baroda FD (MD 14/03/2011) - 750,000 1.00 7.45% State Bank of India LT (MD 05/05/2015) 18,802 0.02 - 7.50% SYNDICATE BANK (MD 10/06/2010) FD - 350,000 0.47 7.90% Corporation Bank LT (MD 24/03/2016) 11,474 0.01 - 8% Saraswat Co-op Bank FD (MD 28/04/2011) 100,000 0.10 100,000 0.13 8.0% Saraswat Bank FD(MD 29/04/2011) 50,000 0.05 50,000 0.07 8.25% Canara Bank FD (MD 17/10/2011) 250,000 0.26 - 8.25% State Bank of Hyderabad FD (MD 14/10/2013) 150,000 0.16 - 8.75% State Bank of India FD (MD 16/03/2020) 9,500 0.01 - 8.75% State Bank of India FD( MD 17/03/2020) 9,500 0.01 - 8.75% State Bank of India FD(MD 18/03/2020) 9,500 0.01 - 8.75% State Bank of India FD(MD 19/03/2020) 9,500 0.01 - 8.75% State Bank of India FD(MD 20/03/2020) 9,500 0.01 - 8.8% ST BK INDIA(MD 05/06/21)RSET050616 (Call 06/06/2016) 9,813 0.01 - 8.80% State Bank of Hyderabad (MD 29/04/2016) 637,906 0.67 - 8.85% State Bank of India Upper II (MD 4/10/2021) (call 4/10 687,865 0.72 - 8.95% Bank of Baroda (MD 15/05/2016) 98,658 0.10 - 8.97% SBI UT II (MD 13/09/2021)Call option (13/09/2016) 98,778 0.10 - 9.0% Canara Bank FD 02 Feb 2011 - 9,500 0.01 9.0% Canara Bank FD 05 July 2011 9,500 0.01 9,500 0.01 9.0% Canara Bank FD 07 June 2011 9,500 0.01 9,500 0.01 9.0% Canara Bank FD 08 March 2011 - 9,500 0.01 9.0% Canara Bank FD 10 May 2011 9,500 0.01 9,500 0.01 9.0% Canara Bank FD 12 April 2011 9,500 0.01 9,500 0.01 9.0% Canara Bank FD 18 Jan 2011 - 9,500 0.01 9.0% Canara Bank FD 19 July 2011 9,500 0.01 9,500 0.01 9.0% Canara Bank FD 21 June 2011 9,500 0.01 9,500 0.01 9.0% Canara Bank FD 22 Feb 2011 - 9,500 0.01 9.0% Canara Bank FD 22 March 2011 - 9,500 0.01 9.0% Canara Bank FD 24 May 2011 9,500 0.01 9,500 0.01 9.0% Canara Bank FD 26 April 2011 9,500 0.01 9,500 0.01 9.0% HDFC Bank FD 01 March 2011 - 49,900 0.07 9.0% HDFC Bank FD 03 March 2011 - 49,900 0.07 9.0% HDFC Bank FD 07 March 2011 - 49,900 0.07 9.0% HDFC Bank FD 09 March 2011 - 49,900 0.07 9.0% HDFC Bank FD 10 March 2011 - 49,900 0.07 9.0% HDFC Bank FD 11 March 2011 - 49,900 0.07 9.0% HDFC Bank FD 14 March 2011 - 49,900 0.07 9.0% HDFC Bank FD 15 March 2011 - 49,900 0.07 9.0% HDFC Bank FD 24 Feb 2011 - 49,900 0.07
124
Bajaj Allianz Life Insurance Company Ltd. I IRDA Registration No.116 dated 3rd August, 2001
Banking Services- Exposure details - Scrip WiseAppendix III Refer Schedule 16 Note 24
Instrument F.Y. 2010-11 F.Y. 2009-10 Amt in Rs. `000 (%) Amt in Rs. `000 (%)
9.0% Indian Bank FD 02 Feb 2011 - 9,500 0.01 9.0% Indian Bank FD 05 July 2011 9,500 0.01 9,500 0.01 9.0% Indian Bank FD 07 June 2011 9,500 0.01 9,500 0.01 9.0% Indian Bank FD 08 March 2011 - 9,500 0.01 9.0% Indian Bank FD 10 May 2011 9,500 0.01 9,500 0.01 9.0% Indian Bank FD 12 April 2011 9,500 0.01 9,500 0.01 9.0% Indian Bank FD 18 Jan 2011 - 9,500 0.01 9.0% Indian Bank FD 19 July 2011 9,500 0.01 9,500 0.01 9.0% Indian Bank FD 21 June 2011 9,500 0.01 9,500 0.01 9.0% Indian Bank FD 22 Feb 2011 - 9,500 0.01 9.0% Indian Bank FD 22 March 2011 - 9,500 0.01 9.0% Indian Bank FD 24 May 2011 9,500 0.01 9,500 0.01 9.0% Indian Bank FD 26 April 2011 9,500 0.01 9,500 0.01 9.00% Bank of India Perpetual Call 09 Dec 2019 99,107 0.10 101,050 0.14 9.00% Canara Bank FD (MD 09/03/2020) 80,000 0.08 - 9.00% Canara Bank FD (MD 19/06/2020) 20,000 0.02 - 9.00% Canara Bank FD (MD 21/12/2020) 100,000 0.10 - 9.00% Punjab National Bank Perpetual Call 27 Nov 2019 98,983 0.10 100,926 0.13 9.02% Canara Bank FD (MD 05/11/2012) 500,000 0.52 - 9.05% State Bank of India Perpetual Call (MD 27/01/2020) 119,254 0.12 202,735 0.27 9.05% Syndicate Bank FD (MD 04/12/2012) 550,000 0.58 - 9.10% HDFC Bank (MD 05/09/2016) 99,778 0.10 - 9.10% SBM Perpetual Call 25 Nov 2019 - 101,682 0.14 9.10% State Bank of Hydrabad FD (19/06/2020) 60,000 0.06 - 9.10% State Bank of Hydrabad FD (MD 01/03/2019) 65,000 0.07 - 9.10% State Bank of Hydrabad FD (MD 09/03/2020) 270,000 0.28 - 9.10% State Bank of Hydrabad FD (MD 22/12/2020) 105,000 0.11 - 9.15% Canara Bank FD (MD 02/11/2020) 50,000 0.05 - 9.15% Canara Bank FD (MD 19/03/2020) 200,000 0.21 - 9.15% Canara Bank FD (MD 29/06/2020) 50,000 0.05 - 9.15% ICICI Bank FD ( MD 05/01/2021) 130,000 0.14 - 9.15% ICICI Bank FD (MD 09/03/2020) 250,000 0.26 - 9.15% ICICI Bank FD (MD 18/03/2019) 60,000 0.06 - 9.15% ICICI Bank FD (MD 22/06/2020) 60,000 0.06 - 9.25% IDBI OMNI BONDS Series XVIII (MD26/03/2014) 198,540 0.21 202,975 0.27 9.25% State Bank of Bikaner & Jaipur Quarterly Comp FD (MD 0 9,000 0.01 9,000 0.01 9.31% Syndicate Bank FD (MD 14/12/2015) 350,000 0.37 - 9.40% State Bank of Hyderabad FD (MD 05/01/2016) 500,000 0.52 - 9.5% State Bank of Bikaner - 10-Feb-2011 FD - 250,000 0.33 9.50% Canara Bank FD (MD 01/03/2019) 70,000 0.07 - 9.50% State Bank of Bikaner and Jaipur FD (MD 01/07/2020) 70,000 0.07 - 9.50% State Bank of Bikaner and Jaipur FD (MD 01/12/2020) 40,000 0.04 - 9.50% State Bank of Bikaner and Jaipur FD (MD 02/11/2020) 70,000 0.07 - 9.50% State Bank of Bikaner and Jaipur FD (MD 03/02/2020) 270,000 0.28 - 9.50% State Bank of Hyderabad FD (MD 14/01/2016) 250,000 0.26 - 9.50% State Bank of India - 10-Dec-2013 FD - 250,000 0.33 9.50% State Bank of India (Quarterly Comp) FD (MD 10/12/2013 250,000 0.26 - 9.50% Syndicate Bank FD (MD 04 Dec 2010) - 550,000 0.74 9.65% Bank of India FD (MD 06/12/2012) 500,000 0.52 - 9.65% Canara Bank FD (MD 04/12/2012) 500,000 0.52 - 9.70% Canara Bank FD (MD 06/12/2012) 250,000 0.26 - 9.80% Bank of India FD (MD 30/01/2012) 1,000,000 1.05 - 9.98% ICICI Bank Perpetual Call 13 Sept 2016 50,853 0.05 52,234 0.07 Allahabad Bank - Equity Shares 2,489,265 2.61 723,004 0.97 Allahabad Bank CD (MD 05/05/2011) 991,275 1.04 - Allahabad Bank CD (MD 07/01/2011) - 478,316 0.64 Allahabad Bank CD (MD 08/06/2011) 245,439 0.26 - Allahabad Bank CD (MD 15/04/2010) - 997,878 1.33 Allahabad Bank CD (MD 15/07/2010) - 985,470 1.32 Andhra Bank Ltd - Equity Shares 2,352,756 2.47 1,598,672 2.14 Axis Bank CD (MD 08/03/2012) 228,274 0.24 -
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Annual Report 2010-2011Bajaj Allianz Life Insurance Company Ltd. I Appendix III Refer Schedule 16 Note 24
Banking Services- Exposure details - Scrip WiseAppendix III Refer Schedule 16 Note 24
Instrument F.Y. 2010-11 F.Y. 2009-10 Amt in Rs. `000 (%) Amt in Rs. `000 (%)
Axis Bank CD (MD 17/02/2012) 229,768 0.24 - Axis Bank CD (MD 20/02/2012) 229,391 0.24 - Axis Bank CD (MD 21/04/2011) 498,290 0.52 - Axis Bank CD (MD 29/10/2010) - 964,342 1.29 Axis Bank Ltd CD (MD 12/01/2011) - 476,650 0.64 Axis Bank Ltd. - Equity Shares 2,842,487 2.98 4,242,842 5.67 Bank of Baroda - Equity Shares 278,437 0.29 488,639 0.65 Bank of Baroda CD (MD 02/02/2012) 461,976 0.48 - Bank of Baroda CD (MD 03/06/2011) 491,842 0.52 - Bank of Baroda CD (MD 19/12/2011) 233,068 0.24 - Bank of Baroda CD (MD 22/12/2010) - 480,884 0.64 Bank of Baroda CD (MD 23/09/2010) - 975,969 1.31 Bank of Baroda CD (MD 28/11/2011) 472,776 0.50 - Bank of Baroda CD (MD 29/06/2011) 1,227,839 1.29 - Bank of India CD (MD 04/03/2011) - 471,444 0.63 Bank of India CD (MD 05/01/2011) - 1,434,118 1.92 Bank of India CD (MD 07/04/2010) - 249,813 0.33 Bank of India CD (MD 08/11/2011) 952,632 1.00 - Bank of India CD (MD 16/09/2011) 965,255 1.01 - Bank of India CD (MD 18/03/2011) - 705,509 0.94 Bank of India CD (MD 19/12/2011) 937,203 0.98 - Bank of India CD (MD 27/02/2012) 458,004 0.48 - Canara Bank - Equity Shares - 35,482 0.05 Canara Bank CD (MD 03/09/2010) - 976,618 1.31 Canara Bank CD (MD 07/04/2010) - 749,390 1.00 Canara Bank CD (MD 08/06/2011) 491,408 0.51 - Canara Bank CD (MD 11/05/2011) 247,559 0.26 - Canara Bank CD (MD 20/08/2010) - 245,159 0.33 Canara Bank CD (MD 21/04/2010) - 249,254 0.33 Canara Bank CD (MD 23/11/2011) 234,757 0.25 - Canara Bank CD (MD 24/02/2011) - 376,809 0.50 Canara Bank CD (MD 25/03/2011) - 1,176,313 1.57 Canara Bank CD (MD 29/06/2011) 492,307 0.52 - Canara Bank CD (MD 30/06/2010) - 197,676 0.26 Central Bank of India CD (MD 15/06/2011) 490,485 0.51 - Central Bank of India CD (MD 26/03/2012) 227,283 0.24 - Corporate Debt Trust 2008 09 Sr 16 A1 Opt I PTC (MD 16/07/20 - 124,068 0.17 Corporation Bank - Equity Shares 1,151,413 1.21 1,100,035 1.47 Corporation Bank CD (MD 01/06/2011) 247,419 0.26 - Corporation Bank CD (MD 03/09/2010) - 244,048 0.33 Corporation Bank CD (MD 06/03/2012) 228,566 0.24 - Corporation Bank CD (MD 06/07/2010) - 493,930 0.66 Corporation Bank CD (MD 09/04/2010) - 549,308 0.73 Corporation Bank CD (MD 17/01/2011) - 238,550 0.32 Corporation Bank CD (MD 20/08/2011) 1,215,175 1.27 - Corporation Bank CD (MD 21/02/2011) - 471,816 0.63 Corporation Bank CD (MD 22/04/2010) - 249,224 0.33 Development Credit Bank Ltd. - Equity Shares - 187,200 0.25 Federal Bank Ltd. - Equity Shares 2,867,866 3.01 871,577 1.17 HDFC Bank - Equity Shares 5,831,830 6.11 10,121,513 13.54 HDFC Bank CD (MD 08/06/2011) 982,201 1.03 - HDFC Bank CD (MD 25/04/2011) 746,858 0.78 - ICICI Bank CD (MD 26/04/2011) 746,820 0.78 - ICICI Bank Ltd. - Equity Shares 15,402,054 16.14 11,620,799 15.54 IDBI Bank CD (MD 09/05/2011) 495,102 0.52 - IDBI Bank CD (MD 11/05/2011) 496,784 0.52 - IDBI Bank Ltd. - Equity Shares - 190,466 0.25 IDBI Ltd CD (MD 17/02/2011) - 236,141 0.32 IDBI Ltd CD (MD 21/01/2011) - 476,277 0.64 Indian Bank - Equity Shares 4,655 0.00 39,465 0.05 Indian Bank CD (MD 12/09/2011) 241,738 0.25 -
126
Bajaj Allianz Life Insurance Company Ltd. I IRDA Registration No.116 dated 3rd August, 2001
Banking Services- Exposure details - Scrip WiseAppendix III Refer Schedule 16 Note 24
Instrument F.Y. 2010-11 F.Y. 2009-10 Amt in Rs. `000 (%) Amt in Rs. `000 (%)
Indian Overseas Bank CD (MD 05/03/2012) 914,418 0.96 - ING Vysya Bank Ltd. - Equity Shares 385,941 0.40 332,146 0.44 Jammu & Kashmir Bank Ltd. - Equity Shares 465,327 0.49 37,582 0.05 Karnataka Bank Ltd. - Equity Shares - 316,384 0.42 OBC CD (MD 22/08/2011) 242,924 0.25 - Oriental Bank of Commerce (MD 12/08/2011) 487,076 0.51 - Oriental Bank of Commerce CD (MD 05/03/2012) 228,572 0.24 - Oriental Bank of Commerce CD (MD 05/08/2010) - 491,447 0.66 Oriental Bank of Commerce CD (MD 07/01/2011) - 717,565 0.96 Oriental Bank of Commerce CD (MD 08/03/2012) 228,689 0.24 - Oriental Bank of Commerce CD (MD 15/03/2012) 228,388 0.24 - Oriental Bank of Commerce CD (MD 15/04/2010) - 499,066 0.67 Oriental Bank Of Commerce CD (MD 22/02/2012) 229,576 0.24 - Punjab National Bank - Equity Shares 5,150,601 5.40 2,075,082 2.78 Punjab National Bank CD (MD 01/11/2011) 954,112 1.00 - Punjab National Bank CD (MD 06/06/2011) 245,826 0.26 - Punjab National Bank CD (MD 07/03/2012) 228,506 0.24 - Punjab National Bank CD (MD 15/07/2010) - 443,432 0.59 Punjab National Bank CD (MD 15/10/2010) - 483,536 0.65 Punjab National Bank CD (MD 16/01/2012) 929,036 0.97 - Punjab National Bank CD (MD 19/04/2010) - 249,424 0.33 Punjab National Bank CD (MD 28/11/2011) 709,136 0.74 - Punjab National Bank CD (MD 30/01/2012) 462,692 0.48 - State Bank Hyderabad CD (MD 04/11/2011) 476,856 0.50 - State Bank Of Bikaner & Jaipur (MD 24/06/2011) 244,680 0.26 - State Bank of Bikaner & Jaipur CD (MD 03/11/2011) 238,363 0.25 - State Bank Of Bikaner & Jaipur CD (MD 10/03/2011) - 235,710 0.32 State Bank of Bikaner & Jaipur CD (MD 15/07/2011) 242,998 0.25 - State Bank Of Bikaner & Jaipur CD (MD 28/10/2011) 955,234 1.00 - State Bank of Bikaner & Jaipur CD MD(04/01/2011) - 955,667 1.28 State Bank of Hyderabad CD (08/04/2010) - 499,515 0.67 State Bank of Hyderabad CD (MD 05/05/2011) 495,620 0.52 - State Bank of Hyderabad CD (MD 07/03/2012) 457,052 0.48 - State Bank of Hyderabad CD (MD 16/06/2010) - 247,671 0.33 State Bank of Hyderabad CD (MD 20/08/2010) - 490,680 0.66 State Bank of Hyderabad CD (MD 22/04/2010) - 498,552 0.67 State Bank of Hyderabad CD (MD 28/04/2011) 647,066 0.68 - State Bank of India - Equity Shares 4,844,985 5.08 8,078,146 10.80 State Bank of India CD (MD 27/06/2011) 590,020 0.62 - State Bank of Mysore (MD 03/09/2010) - 1,465,162 1.96 State Bank of Mysore CD (MD 02/06/2010) - 248,076 0.33 State Bank of Mysore CD (MD 02/06/2011) 246,919 0.26 - State Bank of Mysore CD (MD 06/07/2011) 344,010 0.36 - State Bank of Mysore CD (MD 16/09/2011) 241,539 0.25 - State Bank of Mysore CD (MD 17/08/2011) 1,215,938 1.27 - State Bank of Mysore CD (MD 27/04/2010) - 249,191 0.33 State Bank of Mysore CD (MD 27/10/2011) 477,727 0.50 - State Bank of Patiala CD (03/09/2010) - 244,122 0.33 State Bank of Patiala CD (MD 02/06/2011) 247,411 0.26 - State Bank of Patiala CD (MD 05/08/2011) 731,721 0.77 - State Bank of Patiala CD (MD 10/06/2011) 491,116 0.51 - State Bank of Patiala CD (MD 11/08/2011) 242,868 0.25 - State Bank of Patiala CD (MD 14/07/2011) 490,688 0.51 - State Bank of Patiala CD (MD 15/11/2010) - 241,773 0.32 State Bank of Patiala CD (MD 20/08/2010) - 979,215 1.31 State Bank of Patiala CD (MD 21/05/2010) - 248,379 0.33 State Bank of Patiala CD (MD 24/11/2011) 236,674 0.25 - State Bank of Travancore CD (MD 03/06/2011) 691,951 0.73 - State Bank of Travancore CD (MD 06/05/2010) - 248,945 0.33 State Bank of Travancore CD (MD 07/02/2012) 461,604 0.48 - State Bank of Travancore CD (MD 07/04/2010) - 999,180 1.34
127
Annual Report 2010-2011Bajaj Allianz Life Insurance Company Ltd. I Appendix III Refer Schedule 16 Note 24
Computer Software Industry- Exposure details - Scrip WiseAppendix III Refer Schedule 16 Note 24
Instrument F.Y. 2010-11 F.Y. 2009-10 Amt in Rs. `000 (%) Amt in Rs. `000 (%)
HCL Technologies Limited 831,593 2.45 438,260 1.61 Infosys Technologies Limited 19,847,783 58.38 16,061,399 59.06 KPIT Cummins Infosystems Limited - - 146,561 0.54 Mastek Limited 213,114 0.63 650,043 2.39 Mindtree Limited 775,008 2.28 1,138,163 4.18 MPHASIS Limited 1,216,975 3.58 483,468 1.78 Oracle Financial Services Software Limited 143,591 0.42 422,517 1.55 Patni Computer Systems Limited 376,096 1.11 - - Sasken Communication Technologies Limited 206,706 0.61 226,286 0.83 Tata Consultancy Services Limited 4,054,933 11.93 2,769,856 10.18 Tech Mahindra Limited 202,845 0.60 - - Wipro Limited 6,127,585 18.02 4,860,740 17.87
Total 33,996,228 100 27,197,294 100
Banking Services- Exposure details - Scrip WiseAppendix III Refer Schedule 16 Note 24
Instrument F.Y. 2010-11 F.Y. 2009-10 Amt in Rs. `000 (%) Amt in Rs. `000 (%)
State Bank of Travancore CD (MD 08/11/2011) 238,150 0.25 - State Bank of Travancore CD (MD 16/08/2010) - 245,374 0.33 State Bank of Travancore CD (MD 21/11/2011) 948,280 0.99 - State Bank of Travancore CD (MD 29/08/2011) 485,155 0.51 - State Bank of Travancore CD MD(27/12/2010) - 720,556 0.96 Syndicate Bank CD (MD 06/06/2011) 245,558 0.26 - Union Bank CD (MD 28/11/2011) 236,507 0.25 - UNION BANK OF INDIA CD (MD 16/12/2010) - 239,672 0.32 Union Bank of India CD (MD 22/03/2012) 455,051 0.48 - United Bank of India - Equity Shares - 16,939 0.02 Dhanalakshmi Bank Ltd. - Equity Shares 113,200 0.12 - Kotak Mahindra Bank Limited - Equity Shares 1,067,116 1.12 - Syndicate Bank Ltd. - Equity Shares 806,407 0.84 - Union Bank of India Ltd. - Equity Shares 1,776,514 1.86 - Vijaya Bank - Equity Shares 169,229 0.18 - YES BANK LIMITED - Equity Shares 857,592 0.90 - Total 95,435,428 100 74,774,208 100
128
Bajaj Allianz Life Insurance Company Ltd. I IRDA Registration No.116 dated 3rd August, 2001
Enclosure D: Highest, Lowest and Closing NAV For the year 2010-11Appendix III Refer Schedule 16 Note 24
F.Y.2010-11 F.Y.2009-10 Fund Name Closing NAV
31-March-2011 (Rs.)
Lowest NAV (Rs.)
Highest NAV (Rs.)
Closing NAV 31-March-2010
(Rs.)
Lowest NAV (Rs.)
Highest NAV (Rs.)
Acc Mid Cap Fund 21.2028 19.4516 24.1032 19.8728 8.8760 20.0552 Acc Mid Cap Fund II 11.7007 10.4728 12.9335 10.7965 9.8617 10.7965 Acc Mid Cap Pension Fund 21.9797 20.2269 25.0939 20.7948 8.8950 20.7948 Accelerated Fund 25.0091 21.4528 25.6948 21.6640 14.2750 21.6640 Asset Allocation Fund 13.3938 12.1865 13.4465 12.3790 9.2310 12.4205 Asset Allocation Pension Fund 12.5437 11.5688 12.6280 11.7189 8.8880 11.7385 Assured Return Fund 10.1836 9.9747 10.2272 - - - Balanced Fund 19.3874 17.1805 20.2839 17.9326 13.5420 18.0254 Balanced Plus Fund 22.9136 20.1758 23.7404 20.9423 15.7110 21.0303 Balanced Plus Pension Fund 21.8613 19.2491 22.5969 19.9089 14.9730 19.9921 Blue Chip Equity Fund 9.4784 8.6043 10.3101 - - - Bond Fund 15.0257 14.0910 15.0257 14.0877 12.9580 14.0877 Bond Pension Fund 15.3485 14.3766 15.3485 14.3738 13.2440 14.3738 Capital Guarantee Fund- 2012 13.5877 12.6780 13.8212 12.8786 10.9340 12.9109 Capital Guarantee Fund- 2014 13.6313 12.7137 13.7836 12.7328 10.7190 12.7587 Capital Guarantee Fund- 2017 14.3456 12.6574 14.6975 13.0718 10.2100 13.1160 Capital Shield-I 12.9166 12.2125 12.9166 12.2205 10.4810 12.2205 Capital Shield-II 14.7503 12.9864 15.8260 13.5891 10.4140 13.6994 Cash Fund 14.9710 14.1849 14.9710 14.1831 13.2960 14.1831 Cash Plus Fund 16.5021 15.4079 16.5021 15.4053 14.1930 15.4053 Cash Plus Pension Fund 16.5931 15.4208 16.5931 15.4178 14.1140 15.4178 Debt Fund 14.5179 13.7005 14.5179 13.6983 12.8710 13.6983 Debt Plus Fund 16.1257 15.0107 16.1257 15.0075 13.7970 15.0075 Debt Plus Pension Fund 16.5966 15.4209 16.5966 15.4174 14.0900 15.4174 Equity Fund 26.4128 21.9943 28.7321 24.0703 14.3240 24.3322 Equity Gain Fund 36.0391 30.4914 38.8942 32.7022 19.3300 32.8577 Equity Growth Fund 16.9330 14.2240 17.9900 15.0222 8.9550 15.1432 Equity Growth Fund II 12.3523 10.1861 12.8643 10.6140 9.8005 10.6733 Equity Growth Pension Fund 18.3619 15.1803 19.1200 15.7662 8.8190 15.7662 Equity Index Fund 34.8696 28.7342 37.7630 31.3829 18.4250 31.7043 Equity Index Fund - II 18.7337 15.4768 20.2960 16.9101 9.9310 17.0834 Equity Index Pension Fund 30.8706 25.4061 33.4018 27.6140 16.1900 27.8958 Equity Index Pension Fund - II 18.3516 15.1578 19.8169 16.5621 9.7300 16.7312 Equity Midcap Fund 29.8374 27.4659 34.4415 29.2346 14.6350 29.8460 Equity Midcap Pension Fund 41.9058 38.4563 47.7865 39.1797 16.8530 39.1910 Equity Midcap Plus Fund 37.5650 34.5497 43.1630 35.3779 15.4900 35.3899 Equity Plus Fund 38.1547 32.3044 40.6522 34.6266 20.1330 34.8222 Equity Plus Pension Fund 39.0536 32.2586 40.8122 33.4647 18.2630 33.4647 Group Asset Allocation Fund 12.3330 10.2856 12.3330 10.2755 10.0000 10.2755 Group Debt Fund 13.3827 12.4028 13.3827 12.4009 11.2870 12.4009 Group Equity Index Fund 11.0373 9.1335 11.9476 10.0705 10.0000 10.1574 Group Growth Fund - I * - 10.3645 11.0777 10.3622 9.8660 10.3622 Group Liquid Fund 12.5595 11.7012 12.5595 11.6993 10.5190 11.6993 Group Short Term Debt Fund 11.7012 10.7313 11.7012 10.7344 9.9850 10.7344 Growth Plus Fund I 10.6429 10.0941 10.6429 10.0930 10.0000 10.0930 Growth Plus Fund II 8.8351 8.5770 10.1156 - - - Growth Plus Fund III 10.7473 9.9308 10.7473 - - - Life Long Gain Fund 13.2145 12.6894 13.2147 12.6850 11.9960 12.7004 Liquid Fund 14.7455 13.8003 14.7455 13.7982 12.7660 13.7982 Liquid Pension Fund 14.8234 13.8358 14.8234 13.8333 12.7490 13.8333 Max Gain Fund I 11.2890 10.1742 11.5229 10.3104 10.0000 10.3104 Max Gain Fund II 10.5066 10.0000 10.5066 - - - Premier Balanced Fund 16.3751 14.7593 16.9910 15.2643 11.7440 15.3162 Premier Bond Fund 13.7763 13.1696 13.7763 13.1673 12.3170 13.1673 Premier Debt Fund 14.5816 13.9024 14.5816 13.8971 12.8400 13.8971 Premier Equity Fund 19.3984 16.1471 21.0912 17.6717 10.5050 17.8641 Premier Equity Gain Fund 21.5546 18.0215 22.7678 18.8639 10.4570 18.8639 Premier Equity Growth Fund 16.8319 14.1647 17.7875 14.5936 8.4040 14.7347 Premier Equity Index Fund 17.3169 14.4843 18.8681 15.8663 9.4960 16.1324 Pure Equity Fund 23.4897 20.4917 24.8018 21.8294 12.1790 22.1302 Pure Stock Fund 21.9468 19.2515 23.2085 20.4267 11.6820 20.7083 Pure Stock Pension Fund 18.0799 15.9784 19.6597 16.8094 8.0700 16.8094 Secure Fund 17.9999 16.4545 17.9999 16.4545 13.6180 16.4545 Shield Plus Fund I 10.7747 9.9952 10.7747 10.0348 9.9335 10.0579 Shield Plus Fund II 10.5775 10.0000 10.5775 - - - Shield Plus Fund III 10.3418 10.0000 10.3418 - - - Stable Fund 18.5302 17.0386 18.8599 17.1921 13.2910 17.1921 * Fund closed on 30th March 2011
129
Annual Report 2010-2011Bajaj Allianz Life Insurance Company Ltd. I Appendix III Refer Schedule 16 Note 24
Enclosure E :
Annualised Expense Ratio to Average Daily Assets of the Fund
Appendix III Refer Schedule 16 Note 24
Ratio of Gross Income to Average Daily Assets of the Fund.
Enclosure F :
Fund Names Expense Ratio (%)F.Y.2010-11 F.Y.2009-10
Acc Mid Cap Fund 1.93 1.93Acc Mid Cap Fund II 1.49 1.49Acc Mid Cap Pension Fund 1.49 1.78Accelerated Fund 1.34 1.32Asset Allocation Fund 1.39 1.38Asset Allocation Pension Fund 1.39 1.38Assured Return Fund 1.39 NABlue Chip Equity Fund 1.39 NABond Fund 1.09 1.05Bond Pension Fund 1.10 1.05Capital Guarantee Fund- 2012 1.39 1.38Capital Guarantee Fund- 2014 1.39 1.38Capital Guarantee Fund- 2017 1.39 1.38Capital Shield-I 3.03 3.03Capital Shield-II 3.58 3.58Cash Fund 2.48 2.48Cash Plus Fund 0.82 0.77Cash Plus Pension Fund 0.82 0.77Debt Fund 2.50 2.48Debt Plus Fund 0.84 0.77Debt Plus Pension Fund 0.84 0.77Equity Fund 2.48 2.48Equity Gain Fund 3.03 3.03Equity Growth Fund 1.93 1.93Equity Growth Fund II 1.49 1.49Equity Growth Pension Fund 1.49 1.80Equity Index Fund 1.13 1.10Equity Index Fund - II 1.39 1.38Equity Index Pension Fund 1.13 1.10Equity Index Pension Fund - II 1.39 1.38Equity Midcap Fund 3.03 3.03Equity Midcap Pension Fund 1.65 1.65Equity Midcap Plus Fund 1.65 1.65Equity Plus Fund 1.65 1.65Equity Plus Pension Fund 1.65 1.65Group Asset Allocation Fund 1.39 1.38Group Debt Fund 1.14 1.10Group Equity Index Fund 1.65 1.65Group Growth Fund-I - 0.00Group Liquid Fund 0.82 0.77Group Short Term Debt Fund 1.03 0.99Growth Plus Fund I 1.49 1.49Growth Plus Fund II 1.49 NAGrowth Plus Fund III 1.49 NALife Long Gain Fund 2.48 2.48Liquid Fund 1.08 1.05Liquid Pension Fund 1.08 1.05Max Gain Fund I 1.65 1.65Max Gain Fund II 1.65 NAPremier Bond Fund 3.03 3.03Premier Debt Fund 2.48 2.48Premier Equity Fund 2.48 2.48Premier Equity Gain Fund 2.48 2.48Premier Equity Growth Fund 3.03 3.03Premier Equity Index Fund 3.03 3.03Pure Equity Fund 1.65 1.65Pure Stock Fund 1.49 1.80Pure Stock Pension Fund 1.49 1.72Secure Fund 1.34 1.32Shield Plus Fund I 1.49 1.49Shield Plus Fund II 1.49 NAShield Plus Fund III 1.49 NAStable Fund 1.34 1.32
Fund Names Income Ratio (%)F.Y.2010-11 F.Y.2009-10
Acc Mid Cap Fund 8.20 70.52Acc Mid Cap Fund II 2.94 12.61Acc Mid Cap Pension Fund 4.91 71.68Accelerated Fund 15.48 42.27Asset Allocation Fund 9.19 27.66Asset Allocation Pension Fund 8.00 23.86Assured Return Fund 1.77 0.00Blue Chip Equity Fund (0.30) 0.00Bond Fund 7.47 9.67Bond Pension Fund 7.68 9.36Capital Guarantee Fund- 2012 6.89 17.86Capital Guarantee Fund- 2014 8.22 18.78Capital Guarantee Fund- 2017 10.69 25.72Capital Shield-I 8.55 18.33Capital Shield-II 11.57 28.82Cash Fund 7.75 9.02Cash Plus Fund 7.75 9.11Cash Plus Pension Fund 8.24 9.75Debt Fund 7.99 9.13Debt Plus Fund 8.00 9.83Debt Plus Pension Fund 8.35 9.99Equity Fund 12.44 51.72Equity Gain Fund 13.52 53.12Equity Growth Fund 14.14 45.66Equity Growth Fund II 15.79 9.17Equity Growth Pension Fund 16.74 51.71Equity Index Fund 12.34 51.82Equity Index Fund - II 11.66 44.47Equity Index Pension Fund 12.19 51.08Equity Index Pension Fund - II 11.98 42.28Equity Midcap Fund 6.98 66.92Equity Midcap Pension Fund 9.81 80.02Equity Midcap Plus Fund 9.81 80.39Equity Plus Fund 11.86 53.91Equity Plus Pension Fund 17.23 60.08Group Asset Allocation Fund 14.54 2.78Group Debt Fund 10.57 9.45Group Equity Index Fund 9.30 -3.86Group Growth Fund-I 6.68 3.73Group Liquid Fund 7.98 10.86Group Short Term Debt Fund 9.55 5.80Growth Plus Fund I 6.81 1.30Growth Plus Fund II (14.74) 0.00Growth Plus Fund III 10.51 0.00Life Long Gain Fund 6.13 8.62Liquid Fund 7.79 8.62Liquid Pension Fund 8.08 8.83Max Gain Fund I 11.59 1.65Max Gain Fund II 3.98 0.00Premier Bond Fund 7.47 9.96Premier Debt Fund 7.27 11.02Premier Equity Fund 12.55 52.33Premier Equity Gain Fund 16.75 59.09Premier Equity Growth Fund 17.93 53.65Premier Equity Index Fund 12.13 47.23Pure Equity Fund 9.40 56.00Pure Stock Fund 8.58 49.51Pure Stock Pension Fund 7.96 52.45Secure Fund 10.23 20.65Shield Plus Fund I 8.63 1.53Shield Plus Fund II 6.71 0.00Shield Plus Fund III 4.72 0.00Stable Fund 8.81 26.17
Bajaj Allianz Life Insurance Company Ltd. I IRDA Registration No.116 dated 3rd August, 2001
130
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-
-
-
-
-
-
-
-
-
To
tal(
B) (
159,
532)
(14
,127
) (
18,7
26)
1
51
16,9
33
8
32
-
1,6
17
-
-
(37)
Tota
l(A+
B) 5
13,0
40
(17,
631)
12,
723
1,1
31
1,5
99,0
21
69,
099
140
(3,3
58)
(28
,525
)
(162
)
8,8
87
(Am
ount
in R
s. '0
00)
Note
:- T
he a
bove
app
reci
atio
n/de
prec
iatio
n is
the
diffe
renc
e be
twee
n m
arke
t val
ue a
nd b
ook
cost
as a
t 31s
t Mar
ch 2
011.
Part
icul
ars
Capi
tal
Guar
ante
e Fu
nd- 2
014
Capi
tal
Guar
ante
e Fu
nd- 2
017
Capi
tal
Shie
ld-I
Capi
tal
Shie
ld-II
Cash
Fu
ndCa
sh
Plus
Fu
nd
Cash
Plu
s Pe
nsio
n Fu
nd
Debt
Fu
ndDe
bt
Plus
Fu
nd
Debt
Pl
us P
ensi
on
Fund
Equi
ty
Fund
Appr
oved
Inve
stm
ents
Gove
rnm
ent B
onds
(1
01)
329
-
-
-
-
-
-
-
-
-
Co
rpor
ate
Bond
s-
-
(3,4
06)
231
,507
-
--
1,3
91
(896
)
(34
)-
Infra
stru
ctur
e Bo
nds
-
(
153)
(9
,075
)
(469
)
-
-
-
197
505
(
48)
-
Equi
ty
566
5,1
60
8,0
63
-
-
-
-
-
-
-
1,
387,
206
Mon
ey M
arke
t
-
-
-
-
-
-
-
-
-
-
-
Mut
ual F
und
-
-
-
-
-
-
-
-
-
-
-
De
posit
with
Ban
ks
-
-
-
-
-
-
-
-
-
-
-
To
tal(
A)
466
5,3
35
(4,
418)
231
,038
-
--
1,5
88
(391
)
(82
) 1
,387
,206
Ot
her I
nves
tmen
tsCo
rpor
ate
Bond
s
-
-
-
-
-
-
-
-
-
-
-
Infra
stru
ctur
e Bo
nds
-
-
-
-
-
-
-
-
-
-
-
Equi
ty
1
12
227
-
-
-
-
-
-
-
57,
558
Mut
ual F
und
-
-
-
-
-
-
-
-
-
-
-
To
tal(
B)
1
12
227
-
-
-
-
-
-
-
57,
558
Tota
l(A+
B)
467
5,3
47
(4
,190
) 2
31,0
38
--
-
1
,588
(3
91)
(
82)
1,4
44,7
64
131
Annual Report 2010-2011Bajaj Allianz Life Insurance Company Ltd. I Appendix III Refer Schedule 16 Note 24
Encl
osur
e G
: Fun
dwis
e an
d Cl
assw
ise
App
reci
atio
n/(D
epre
ciat
ion)
in v
alue
of I
nves
tmen
ts fo
r the
yea
r 201
0-20
11Ap
pend
ix II
I Ref
er S
ched
ule
16 N
ote
24
(Am
ount
in R
s. '0
00)
Note
:- T
he a
bove
app
reci
atio
n/de
prec
iatio
n is
the
diffe
renc
e be
twee
n m
arke
t val
ue a
nd b
ook
cost
as a
t 31s
t Mar
ch 2
011.
Part
icul
ars
Equi
ty
Gain
Fu
nd
Equi
ty
Grow
th
Fund
Equi
ty
Grow
th
Fund
II
Equi
ty
Grow
th
Pens
ion
Fund
Equi
ty
Inde
x Fu
nd
Equi
ty
Inde
x Fu
nd -
II
Equi
ty In
dex
Pens
ion
Fund
Equi
ty In
dex
Pens
ion
Fund
- II
Equi
ty
Mid
cap
Fund
Equi
ty
Mid
cap
Pens
ion
Fund
Equi
ty
Mid
cap
Plus
Fu
nd
Appr
oved
Inve
stm
ents
Gove
rnm
ent B
onds
-
-
-
-
-
-
-
-
-
-
-
Co
rpor
ate
Bond
s-
--
--
-
-
--
--
Infra
stru
ctur
e Bo
nds
-
-
-
-
-
-
-
-
-
-
-
Eq
uity
1,1
08,1
40
1
0,19
2,07
9
94,5
55
28
0,44
7
639,
891
21,
412,
797
4
0,40
5 1
,467
,393
69,
540
9,1
11
13
6,82
7 M
oney
Mar
ket
-
-
-
-
-
-
-
-
-
-
-
Mut
ual F
und
-
-
-
-
-
-
-
-
-
-
-
De
posit
with
Ban
ks
-
-
-
-
-
-
-
-
-
-
-
To
tal(
A)
1
,108
,140
10,
192,
079
94,
555
28
0,44
7
639,
891
21,4
12,7
97
4
0,40
5 1
,467
,393
69,
540
9,1
11
1
36,8
27
Othe
r Inv
estm
ents
Corp
orat
e Bo
nds
-
-
-
-
-
-
-
-
-
-
-
Infra
stru
ctur
e Bo
nds
-
-
-
-
-
-
-
-
-
-
-
Eq
uity
(6
3,25
8)
694,
921
30,
524
3
9,86
8
19,
529
267
,044
1,1
47
14,
667
(21
,773
) (
1,88
6) (
29,8
83)
Mut
ual F
und
-
-
-
-
-
-
-
-
-
-
-
Tota
l(B)
(6
3,25
8)
694,
921
30,
524
3
9,86
8
19,
529
267
,044
1,1
47
14,
667
(21
,773
) (1
,886
) (2
9,88
3)To
tal(
A+B)
1,0
44,8
83
1
0,88
7,00
0 1
25,0
79
32
0,31
4
659,
420
21,
679,
841
4
1,55
3 1
,482
,060
47,
767
7,2
24
106
,944
(Am
ount
in R
s. '0
00)
Note
:- T
he a
bove
app
reci
atio
n/de
prec
iatio
n is
the
diffe
renc
e be
twee
n m
arke
t val
ue a
nd b
ook
cost
as a
t 31s
t Mar
ch 2
011.
Part
icul
ars
Equi
ty
Plus
Fu
nd
Equi
ty P
lus
Pens
ion
Fund
Grou
p As
set
Allo
catio
n Fu
nd
Grou
p De
bt
Fund
Grou
p Eq
uity
Inde
x Fu
nd
Grou
p Gr
owth
Fu
nd -
I
Grou
p Li
quid
Fu
nd
Grou
p Sh
ort
Term
Deb
t Fu
nd
Grow
th
Plus
Fu
nd I
Grow
th
Plus
Fu
nd II
Grow
th P
lus
Fund
III
Appr
oved
Inve
stm
ents
Gove
rnm
ent B
onds
-
-
6
-
-
-
-
767
-
-
-
Co
rpor
ate
Bond
s-
-
(5
5)
907
-
-
-
(2,
010)
21
(8,9
50)
-In
frast
ruct
ure
Bond
s
-
-
1
9 (2
21)
-
-
-
(9
,938
)
(2,9
11)
-
1
Equi
ty
1,69
4,18
9 5
4,68
8 39
,491
-
31,
097
-
-
-
-
-
2,4
02
Mon
ey M
arke
t
-
-
-
-
-
-
-
-
-
-
-
M
utua
l Fun
d -
-
-
-
-
-
-
-
-
-
-
Depo
sit w
ith B
anks
-
-
-
-
-
-
-
-
-
-
-
Tota
l(A)
1,6
94,1
89
54,
688
39
,461
687
31,
097
-
-
(11,
181)
(2,8
90)
(
8,95
0)
2
,403
Ot
her I
nves
tmen
tsCo
rpor
ate
Bond
s
-
-
-
-
-
-
-
-
-
-
-
In
frast
ruct
ure
Bond
s
-
-
-
-
-
-
-
-
-
-
-
Eq
uity
(11
,462
)
7,0
11
5,8
99
-
2
,187
-
-
-
-
-
504
M
utua
l Fun
d
-
-
-
-
-
-
-
-
-
-
-
To
tal(
B) (1
1,46
2)
7,01
1 5
,899
-
2,1
87
-
-
-
-
-
5
04
Tota
l(A+
B) 1
,682
,727
6
1,69
9 4
5,36
0
687
33,
284
-
-
(11
,181
) (
2,89
0)
(8
,950
)
2
,907
Bajaj Allianz Life Insurance Company Ltd. I IRDA Registration No.116 dated 3rd August, 2001
132
Encl
osur
e G
: Fun
dwis
e an
d Cl
assw
ise
App
reci
atio
n/(D
epre
ciat
ion)
in v
alue
of I
nves
tmen
ts fo
r the
yea
r 201
0-20
11Ap
pend
ix II
I Ref
er S
ched
ule
16 N
ote
24
(Am
ount
in R
s. '0
00)
Note
:- T
he a
bove
app
reci
atio
n / d
epre
ciat
ion
is th
e di
ffere
nce
betw
een
mar
ket v
alue
and
boo
k co
st a
s at 3
1st M
arch
201
1.
Part
icul
ars
Life
Lo
ng G
ain
Fund
Liqu
id
Fund
Liqu
id
Pens
ion
Fund
Max
Ga
in
Fund
I
Max
Ga
in
Fund
II
Prem
ier
Bond
Fu
nd
Prem
ier
Debt
Fu
nd
Prem
ier
Equ
ity
Fund
Prem
ier
Equi
ty G
ain
Fund
Prem
ier
Equi
ty
Grow
th Fu
nd
Prem
ier
Equi
ty In
dex
Fund
Appr
oved
Inve
stm
ents
Gove
rnm
ent B
onds
(14
8)
-
-
-
-
-
-
-
-
-
-
Co
rpor
ate
Bond
s (
213)
--
--
521
(
348)
-
-
--
Infra
stru
ctur
e Bo
nds
(8
52)
-
-
-
-
(
3,24
7)
(
468)
-
-
-
-
Equi
ty
-
-
-
2
74,5
62
-
-
-
116
,164
41,
440
122
,274
3
63,3
33
Mon
ey M
arke
t
-
-
-
-
-
-
-
-
-
-
-
M
utua
l Fun
d
-
-
-
-
-
-
-
-
-
-
-
De
posit
with
Ban
ks
-
-
-
-
-
-
-
-
-
-
-
To
tal(
A)
(1,
213)
--
2
74,5
62
-
(2,
726)
(81
5)
116
,164
41,
440
122
,274
3
63,3
33
Othe
r Inv
estm
ents
Corp
orat
e Bo
nds
-
-
-
-
-
-
-
-
-
-
-
Infra
stru
ctur
e Bo
nds
-
-
-
-
-
-
-
-
-
-
-
Equi
ty
-
-
-
13,
912
-
-
-
4
,260
5
,224
2,0
26
2
,789
M
utua
l Fun
d
-
-
-
-
-
-
-
-
-
-
-
To
tal(
B)
-
-
-
13,
912
-
-
-
4
,260
5
,224
2,0
26
2
,789
To
tal(
A+B)
(1,
213)
--
2
88,4
73
-
(2,
726)
(81
5)
120
,424
46,
663
124
,301
3
66,1
22
Note
:- T
he a
bove
app
reci
atio
n / d
epre
ciat
ion
is th
e di
ffere
nce
betw
een
mar
ket v
alue
and
boo
k co
st a
s at 3
1st M
arch
201
1.
Part
icul
ars
Pure
Eq
uity
Fu
nd
Pure
St
ock
Fund
Pure
Sto
ck
Pens
ion
Fund
Secu
re
Fund
Shie
ld
Plus
Fu
nd I
Shie
ld
Plus
Fu
nd II
Shie
ld
Plus
Fu
nd II
I
Stab
le
Fund
Gran
d To
tal
Appr
oved
Inve
stm
ents
Gove
rnm
ent B
onds
-
-
-
291
(
194)
1
2
4
59
(1
1)
(30
,759
)Co
rpor
ate
Bond
s
-
-
-
(3,9
24)
(
160)
(
48)
(69
8)
(
13,5
35)
8
2,06
4 In
frast
ruct
ure
Bond
s
-
-
-
(2,8
05)
(15
,999
)
(
5,57
9)
(1
,853
)
(1
1,21
0)
(371
,953
)Eq
uity
124
,824
5
59,0
69
18,
091
16
,212
1
8,48
6
3
,637
-
81,0
41
43,
198,
456
Mon
ey M
arke
t
-
-
-
-
-
-
-
-
-
Mut
ual F
und
-
-
-
-
-
-
-
-
-
De
posit
with
Ban
ks
-
-
-
-
-
-
-
-
-
Tota
l(A)
124
,824
5
59,0
69
18,
091
9
,775
2,13
3
(
1,97
9)
(2
,093
)
56
,286
4
2,87
7,80
8 Ot
her I
nves
tmen
tsCo
rpor
ate
Bond
s
-
-
-
-
-
-
-
-
2
,143
In
frast
ruct
ure
Bond
s
-
-
-
-
-
-
-
-
-
Equi
ty
(
1,13
7)
3,1
17
1
74
2
,076
4,06
0
904
-
11,6
96
8
86,9
06
Mut
ual F
und
-
-
-
-
-
-
-
-
-
To
tal(
B)
(
1,13
7)
3,1
17
1
74
2
,076
4,06
0
904
-
11,6
96
8
89,0
50
Tota
l(A+
B)
1
23,6
87
562
,186
1
8,26
5
11,8
51
6,
193
(1,
074)
(2,0
93)
67,9
82
43,
766,
858
(Am
ount
in R
s. '0
00)
133
Annual Report 2010-2011Bajaj Allianz Life Insurance Company Ltd. I Appendix III Refer Schedule 16 Note 24
Encl
osur
e G
: Fun
dwis
e an
d Cl
assw
ise
App
reci
atio
n/(D
epre
ciat
ion)
in v
alue
of I
nves
tmen
ts fo
r the
yea
r 200
9-20
10Ap
pend
ix II
I Ref
er S
ched
ule
16 N
ote
24
Part
icul
ars
Capi
tal
Shie
ld
Fund
-I
Capi
tal
Shie
ld
Fund
-II
Cash
Fu
ndCa
sh
Plus
Fu
nd
Cash
Plu
s Pe
nsio
n Fu
nd
Debt
Fu
ndDe
bt
Plus
Fu
nd
Debt
Plu
s Pe
nsio
n Fu
nd
Equi
ty
Fund
Equi
ty
Gain
Fu
nd
Equi
ty
Grow
th
Fund
Appr
oved
Inve
stm
ents
Gove
rnm
ent B
onds
-
-
-
-
-
-
-
-
-
-
-
Corp
orat
e Bo
nds
4,3
61
16
6,26
1
-
-
-
8,4
59
1
1,99
4
1
,216
-
-
-
Infra
stru
ctur
e Bo
nds
4,8
94
324
-
-
-
17
,175
4,2
51
6
58
-
-
-
Eq
uity
35,
532
-
-
-
-
-
-
-
1,41
4,39
3
1,81
0,40
0 1
4,72
1,22
7 M
oney
Mar
ket
--
--
--
--
--
-M
utua
l Fun
d
-
-
-
-
-
-
-
-
-
-
-
Depo
sit w
ith B
anks
-
-
-
-
-
-
-
-
-
-
-
Tota
l(A)
44,
788
16
6,58
5 -
--
25
,634
16,
245
1,8
74
1,41
4,39
3 1,
810,
400
14,7
21,2
27
Othe
r Inv
estm
ents
Corp
orat
e Bo
nds
-
-
-
-
-
-
-
-
-
-
-
Infra
stru
ctur
e Bo
nds
-
-
-
-
-
-
-
-
-
-
-
Equi
ty(5
48)
-
-
-
-
-
-
-
49,
732
(46,
789)
(463
,526
)M
utua
l Fun
d
-
-
-
-
-
-
-
-
-
-
-
To
tal(
B)
(
548)
-
-
-
-
-
-
-
49,
732
(46,
789)
(463
,526
)To
tal(
A+B)
44,
240
16
6,58
5 -
--
25
,634
16,
245
1,8
74
1,46
4,12
5 1,
763,
611
14,2
57,7
02
(Am
ount
in R
s. '0
00)
Note
:- T
he a
bove
app
reci
atio
n / d
epre
ciat
ion
is th
e di
ffere
nce
betw
een
mar
ket v
alue
and
boo
k co
st a
s at 3
1st M
arch
201
0.
(Am
ount
in R
s. '0
00)
Note
:- T
he a
bove
app
reci
atio
n / d
epre
ciat
ion
is th
e di
ffere
nce
betw
een
mar
ket v
alue
and
boo
k co
st a
s at 3
1st M
arch
201
0.
Part
icul
ars
Acc M
id C
ap
Fund
Acc M
id C
ap
Fund
II
Acc M
id C
ap
Pens
ion
Fund
Acce
lera
ted
Fund
Asse
t Al
loca
tion
Fund
Asse
t Al
loca
tion
Pens
ion
Fund
Bond
Fu
ndBo
nd
Pens
ion
Fund
Capi
tal
Guar
ante
e Fu
nd- 2
012
Capi
tal
Guar
ante
e Fu
nd- 2
014
Capi
tal
Guar
ante
e Fu
nd- 2
017
Appr
oved
Inve
stm
ents
Gove
rnm
ent B
onds
-
-
-
(18
)
(44,
571)
-
-
-
1,5
77
(
36)
531
Corp
orat
e Bo
nds
-
-
-
5
4
(54,
781)
2,24
6
9,0
29
4,5
14
2,2
30
-
(2
70)
Infra
stru
ctur
e Bo
nds
-
-
-
12
3
90,3
53
(525
)
20,
682
3,7
50
3
76
1
38
228
Equi
ty 1
,990
,988
5,3
87
1
23,2
29
1,3
59
2,26
0,14
3 11
5,88
9
-
-
5
,523
511
5,6
17
Mon
ey M
arke
t-
--
--
--
-
-
-
-M
utua
l Fun
d
-
-
-
-
-
-
-
-
-
-
-
Depo
sit w
ith B
anks
-
-
-
-
-
-
-
-
-
-
-
Tota
l(A)
1,9
90,9
88
5
,387
123,
229
1,5
18
2,25
1,14
4 1
17,6
10
2
9,71
1
8
,264
9
,707
613
6,1
06
Othe
r Inv
estm
ents
Corp
orat
e Bo
nds
-
-
-
-
-
-
-
-
-
-
-
In
frast
ruct
ure
Bond
s
-
-
-
-
-
-
-
-
-
-
-
Eq
uity
28
5,50
6
704
17,
002
1
24
(4
5,66
0) (
1,99
6)
-
-
(2
64)
(
17)
(
172)
Mut
ual F
und
3,4
22
-
20
2
-
-
-
-
-
-
-
-
Tota
l(B)
2
88,9
27
7
04
1
7,20
3
124
(
45,6
60)
(1
,996
)
-
-
(2
64)
(
17)
(
172)
Tota
l(A+
B) 2
,279
,915
6,0
90
140
,432
1
,642
2,
205,
484
115,
615
2
9,71
1
8
,264
9
,443
596
5,9
34
Bajaj Allianz Life Insurance Company Ltd. I IRDA Registration No.116 dated 3rd August, 2001
134
Encl
osur
e G
: Fun
dwis
e an
d Cl
assw
ise
App
reci
atio
n/(D
epre
ciat
ion)
in v
alue
of I
nves
tmen
ts fo
r the
yea
r 200
9-20
10Ap
pend
ix II
I Ref
er S
ched
ule
16 N
ote
24
(Am
ount
in R
s. '0
00)
Note
:- T
he a
bove
app
reci
atio
n / d
epre
ciat
ion
is th
e di
ffere
nce
betw
een
mar
ket v
alue
and
boo
k co
st a
s at 3
1st M
arch
201
0.
Part
icul
ars
Grou
p As
set
Allo
catio
n Fu
nd
Grou
p De
bt
Fund
Grou
p Eq
uity
In
dex
Fund
Grou
p Gr
owth
Fu
nd-I
Grou
p Li
quid
Fu
nd
Grou
p Sh
ort
Term
Deb
t Fu
nd
Grow
th
Plus
Fu
nd I
Life
Lo
ng G
ain
Fund
Liqu
id
Fund
Liqu
id
Pens
ion
Fund
Max
Ga
in
Fund
I
Appr
oved
Inve
stm
ents
Gove
rnm
ent B
onds
-
31
-
-
-
-
-
21
-
-
-
Corp
orat
e Bo
nds
-
7
,730
-
(1
0,14
9)
-
(14,
291)
(
196)
23
5
-
-
-
In
frast
ruct
ure
Bond
s -
2
,079
-
-
-
(8,
049)
(71)
582
-
-
-
Eq
uity
31
-
(
279)
-
-
-
-
-
-
-
-
M
oney
Mar
ket
--
-
-
-
--
--
--
Mut
ual F
und
-
-
-
-
-
-
-
-
-
-
-
Depo
sit w
ith B
anks
-
-
-
-
-
-
-
-
-
-
-
To
tal(
A)31
9
,839
(
279)
(10,
149)
-
(2
2,34
0)
(26
7) 8
37
--
-Ot
her I
nves
tmen
tsCo
rpor
ate
Bond
s
-
-
-
-
-
-
-
-
-
-
-
Infra
stru
ctur
e Bo
nds
-
-
-
-
-
-
-
-
-
-
-
Equi
ty-
-
2
-
-
-
-
-
-
-
-
M
utua
l Fun
d
-
-
-
-
-
-
-
-
-
-
-
Tota
l(B)
-
-
2
-
-
-
-
-
-
-
-
Tota
l(A+
B) 3
1 9
,839
(
277)
(10
,149
)-
(22,
340)
(
267)
837
-
--
(Am
ount
in R
s. '0
00)
Note
:- T
he a
bove
app
reci
atio
n / d
epre
ciat
ion
is th
e di
ffere
nce
betw
een
mar
ket v
alue
and
boo
k co
st a
s at 3
1st M
arch
201
0.
Part
icul
ars
Equi
ty
Grow
th
Fund
II
Equi
ty G
row
th
Pens
ion
Fund
Equi
ty
Inde
x Fu
nd
Equi
ty
Inde
x Fu
nd -
II
Equi
ty In
dex
Pens
ion
Fund
Equi
ty In
dex
Pens
ion
Fund
- II
Equi
ty
Mid
cap
Fund
Equi
ty M
idca
p Pe
nsio
n Fu
nd
Equi
ty
Mid
cap
Plus
Fund
Equi
ty
Plus
Fu
nd
Equi
ty P
lus
Pens
ion
Fund
Appr
oved
Inve
stm
ents
Gove
rnm
ent B
onds
-
-
-
-
-
-
-
-
-
-
-
Co
rpor
ate
Bond
s
-
-
-
-
-
-
-
-
-
-
-
Infra
stru
ctur
e Bo
nds
-
-
-
-
-
-
-
-
-
-
-
Eq
uity
2
4,74
1
436,
531
598
,468
14,
581,
903
4
5,92
8 9
02,5
39
35
7,11
7
38,4
67
57
7,65
3 2
,436
,360
1
14,2
63
Mon
ey M
arke
t-
--
--
--
--
-
0 M
utua
l Fun
d
-
-
-
-
-
-
-
-
-
-
-
Depo
sit w
ith B
anks
-
-
-
-
-
-
-
-
-
-
-
To
tal(
A)
24,
741
43
6,53
1
598,
468
14,5
81,9
03
4
5,92
8 9
02,5
39
35
7,11
7 38
,467
577,
653
2
,436
,360
114,
263
Othe
r Inv
estm
ents
Corp
orat
e Bo
nds
-
-
-
-
-
-
-
-
-
-
-
In
frast
ruct
ure
Bond
s
-
-
-
-
-
-
-
-
-
-
-
Equi
ty
2,5
18
(
4,82
5) 1
0,89
3
68,
780
914
(9
75)
11
1,03
4 4
,957
75,
573
(76
,068
)
2,75
8 M
utua
l Fun
d
-
-
-
-
-
-
4,4
86
11
0
1
,607
-
-
To
tal(
B)
2,5
18
(
4,82
5) 1
0,89
3
68,
780
914
(
975)
11
5,52
0 5
,068
77,
180
(7
6,06
8)
2,7
58
Tota
l(A+
B)
27,
259
43
1,70
6 6
09,3
61
1
4,65
0,68
3
46,
842
901
,563
472,
637
43
,535
654,
833
2,3
60,2
91
117
,021
135
Annual Report 2010-2011Bajaj Allianz Life Insurance Company Ltd. I Appendix III Refer Schedule 16 Note 24
Encl
osur
e G
: Fun
dwis
e an
d Cl
assw
ise
App
reci
atio
n/(D
epre
ciat
ion)
in v
alue
of I
nves
tmen
ts fo
r the
yea
r 200
9-20
10Ap
pend
ix II
I Ref
er S
ched
ule
16 N
ote
24
(Am
ount
in R
s. '0
00)
Note
:- T
he a
bove
app
reci
atio
n / d
epre
ciat
ion
is th
e di
ffere
nce
betw
een
mar
ket v
alue
and
boo
k co
st a
s at 3
1st M
arch
201
0.
Part
icul
ars
Prem
ier
Bond
Fu
nd
Prem
ier
Debt
Fu
nd
Prem
ier
Equi
ty
Fund
Prem
ier
Equi
ty G
ain
Fund
Prem
ier
Equi
ty G
row
th
Fund
Prem
ier
Equi
ty In
dex
Fund
Pure
Eq
uity
Fu
nd
Pure
St
ock
Fund
Pure
Sto
ck
Pens
ion
Fund
Secu
re
Fund
Shie
ld
Plus
Fu
nd I
Appr
oved
Inve
stm
ents
Gove
rnm
ent B
onds
-
-
-
-
-
-
-
-
-
(
618)
1
,789
Co
rpor
ate
Bond
s
1,96
7
196
-
-
-
-
-
-
-
68
5
-
In
frast
ruct
ure
Bond
s
1,23
1
701
-
-
-
-
-
-
-
2,2
43
(
2,98
5)Eq
uity
-
-
109
,593
105,
952
4
61,5
91
26
9,85
2
344
,322
995
,044
14,
021
10,
314
-
Mon
ey M
arke
t-
--
--
-
-
-
-
--
Mut
ual F
und
-
-
-
-
-
-
-
-
-
-
-
Depo
sit w
ith B
anks
-
-
-
-
-
-
-
-
-
-
-
Tota
l(A)
3,
199
8
97
109
,593
105,
952
4
61,5
91
26
9,85
2
344
,322
995
,044
14,
021
12,
624
(
1,19
6)Ot
her I
nves
tmen
tsCo
rpor
ate
Bond
s
-
-
-
-
-
-
-
-
-
-
-
In
frast
ruct
ure
Bond
s
-
-
-
-
-
-
-
-
-
-
-
Eq
uity
-
-
2
,818
6
53
(14
,805
)
(4,
698)
(
3,55
9)
(3
,192
)
83
1
,088
-
M
utua
l Fun
d
-
-
-
-
-
-
-
-
-
-
-
To
tal(
B)
-
-
2,8
18
653
(
14,8
05)
(
4,69
8)
(3,
559)
(3,1
92)
8
3
1,0
88
-
Tota
l(A+
B)
3,19
9
897
1
12,4
11
10
6,60
5
446
,786
265,
153
3
40,7
63
9
91,8
52
1
4,10
3
1
3,71
2
(1,
196)
Note
:- T
he a
bove
app
reci
atio
n / d
epre
ciat
ion
is th
e di
ffere
nce
betw
een
mar
ket v
alue
and
boo
k co
st a
s at 3
1st M
arch
201
0.
Part
icul
ars
Stab
le
Fund
Gran
d To
tal
Appr
oved
Inve
stm
ents
Gove
rnm
ent B
onds
(
771)
(42
,064
)Co
rpor
ate
Bond
s
324
1
41,8
14
Infra
stru
ctur
e Bo
nds
(2,
260)
135
,897
Eq
uity
41,
624
4
4,95
6,22
9 M
oney
Mar
ket
--
Mut
ual F
und
-
-
Depo
sit w
ith B
anks
-
-
Tota
l(A)
38,
917
4
5,19
1,87
6 Ot
her I
nves
tmen
tsCo
rpor
ate
Bond
s
-
-
In
frast
ruct
ure
Bond
s
-
-
Eq
uity
2,
377
(29
,580
)M
utua
l Fun
d
-
9,8
27
Tota
l(B)
2,
377
(19
,753
)To
tal(
A+B)
41,
293
4
5,17
2,12
3
(Am
ount
in R
s. '0
00)
136
Bajaj Allianz Life Insurance Company Ltd. I IRDA Registration No.116 dated 3rd August, 2001
(Amount in Rs. '000)Controlled Fund StatementF.Y. 2010-11 F.Y. 2009-10
1 Computation of Controlled fund as per the Balance Sheet Policyholders' Fund (Life Fund)Participating Individual Assurance 21,546,414 15,240,119 Individual Pension 437,321 376,166 Non-participating Individual Assurance 2,590,574 1,030,552 Individual Health 163,927 160,464 Individual Annuity 312,114 183,950 Group Assurance 7,581,846 4,171,640 Linked Individual Assurance 5,526,929 8,670,678 Individual Pension 270,886 448,819 Group 16,664 11,016 Unit Linked 328,841,705 284,146,154 Funds for Future Appropriations 2,929,021 3,874,569 Fair Value Change Account 37,544 28,433 Total (A) 370,254,945 318,342,560 Shareholders' Fund Paid up Capital 1,507,090 1,507,090 Reserves & Surpluses 20,986,962 10,599,550 Fair Value Change 5 - Total (B) 22,494,057 12,106,640 Misc. expenses not written off - - Credit / (Debit) from P&L A/c. - (182,978)Total (C ) - (182,978)Total shareholders' funds (B+C) 22,494,057 11,923,662 Controlled Fund (Total (A+B+C)) 392,749,002 330,266,222
2 Reconciliation of the Controlled Fund from Revenue and Profit & Loss AccountOpening Balance of Controlled Fund (A) 330,266,222 170,182,268 Add: Inflow Income Premium Income 96,099,487 114,197,137 Less: Reinsurance ceded (347,698) (283,480)Net Premium 95,751,789 113,913,657 Investment Income 39,123,659 99,302,163 Other Income 86,869 281,565 Funds transferred from Shareholders' Accounts 316,720 694,463 Total Income 135,279,037 214,191,848 Less: Outgo (i) Benefits paid (Net) 49,846,683 26,301,986 (ii) Interim Bonus Paid 19,558 10,358 (iii) Change in Valuation of Liability 52,848,822 155,788,353 (iv) Commission 6,164,741 9,625,696 (v) Operating Expenses 16,065,847 17,716,252 (vi) Provision for Taxation (a) FBT - - (b) I.T. 1,923,860 653,127 Total Outgo 126,869,511 210,095,772 Surplus of the Policyholders' Fund 8,409,526 4,096,076 Less: transferred to Shareholders' Account From Current Year (8,249,493) (3,992,371) From Previous Years (1,105,581) (1,252,391)Net Flow in Policyholders' account (945,548) (1,148,686) Add: Net income in Shareholders' Fund 10,570,390 5,422,868 Net In Flow / Outflow (B) 9,624,842 4,274,182 Change in valuation Liabilities (C) 52,848,822 155,788,353 Change in Fair Value Change Account (D) 9,116 21,419 Increase in Paid up Capital (E) - - Closing Balance of Controlled Fund (A+B+C+D+E) 392,749,002 330,266,222 As Per Balance Sheet 392,749,002 330,266,222 Difference, if any - -
137
Annual Report 2010-2011Bajaj Allianz Life Insurance Company Ltd. I Controlled Fund Statement
Controlled Fund Statement(Amount in Rs. '000)
F.Y. 2010-11 F.Y. 2009-103 Reconciliation with Shareholders' and Policyholders' Fund3.1 Policyholders' Funds - Traditional-PAR and NON-PAR
Opening Balance of the Policyholders' Fund 22,214,988 14,369,500 Add: Surplus of the Revenue Account 1,010,981 161,484 Less: Surplus transfer to Shareholders' Account (850,948) (209,166) Change in valuation Liabilities 11,469,305 7,871,751 Change in Fair Value Change Account 9,111 21,419 Total 33,853,437 22,214,988 As per Balance Sheet 33,853,437 22,214,988 Difference, if any - -
3.2 Policyholders' Funds - Linked Opening Balance of the Policyholders' Fund 296,127,572 149,311,974 Add: Surplus of the Revenue Account 7,398,545 3,934,592 Less: Surplus transfer to Shareholders' Account (8,504,126) (5,035,596) Change in valuation Liabilities (3,316,034) 4,423,446 Change in Fund Reserve 44,695,551 143,493,156 Total 336,401,508 296,127,572 As per Balance Sheet 336,401,508 296,127,572 Difference, if any - -
3.3 Shareholders' Funds Opening Balance of Shareholders' Fund 11,923,662 6,500,794 Add: Net income of Shareholders' account (P&L) 10,570,390 5,422,868 Change in Fair Value Change Account 5 - Closing Balance of the Shareholders'' fund 22,494,057 11,923,662 As per Balance Sheet 22,494,057 11,923,662 Difference, if any - -
Bajaj Allianz Life Insurance Company Ltd. I IRDA Registration No.116 dated 3rd August, 2001
138
Cash Flow Statement for the Year ending 31st March 2011(Amount in Rs. '000)
Particulars Current Year Previous YearCash Flow from Operating Activities Cash receipts from customers- Premium and other receipts 94,903,507 115,176,350 Cash paid towards Operating Activities Expenses (22,380,971) (24,726,033)Benefits paid (49,712,032) (25,916,308)Taxes Paid (1,710,750) (743,803)Reinsurance (Net) (153,802) (410,836)Advance & Deposits (575,851) 501,488 Loan Against Policies (16,803) (53,306)
(74,550,209) (51,348,797)Cash flow before extraordinary item 20,353,298 63,827,553 Extraordinary Item - - Net cash from Operating Activities ( A ) 20,353,298 63,827,553 Cash Flow from Investing Activities Purchase of Fixed Assets (325,712) (663,745)Purchase of Investment (1,061,616,690) (772,020,047)
(1,061,942,402) (772,683,792)Interest and dividend Received 10,463,637 6,026,001 Sale of Investment 1,030,319,965 700,968,716 Sale of Fixed Assets 3,629 3,413
1,040,787,231 706,998,129 Net cash from investing activities ( B ) (21,155,171) (65,685,662)Cash Flow from Financing activities Proceeds from Issuance of Share Capital - - Share Premium received on issuance of Share Capital - -
- - Net cash from Financing Activities ( C ) - - Net Decrease in Cash & Cash Equivalents (D = A + B + C ) (801,873) (1,858,109)Cash & Cash equivalents at the beginning of the Year 7,321,768 9,179,877 Cash & Cash Equivalents at the end of the Period 6,519,895 7,321,768 Components of cash & cash equivalentsCash and Bank Balances ( as per Sch 11) 4,385,098 2,186,908 Cash and Bank Balances ( Unit Linked business) 2,135,814 5,273,217 Temporary overdraft (as per Sch 13 ) (1,017) (138,357)
6,519,895 7,321,768
For Dalal & Shah For B S R & Co For Bajaj Allianz Life Insurance Company LimitedChartered Accountants Chartered AccountantsFirm Registration Firm RegistrationNo. 102021W No. 101248WAnish Amin Juzer Miyajiwala Rahul Bajaj Heinz DollbergPartner Partner Chairman DirectorMember Ship No 40451 Member Ship No 47483
Niraj Bajaj Sanjiv Bajaj Kamesh GoyalDirector Director Alternate DirectorRanjit Gupta S. H. Khan Suraj MehtaDirector Director Director Manu Tandon V Philip Rajesh ViswanathanDirector Managing Director and Chief Financial Officer
Chief Executive OfficerAnil Singh Sameer BakshiAppointed Actuary Company Secretary
and Head- Legal & CompliancePlace : Pune Place : PuneDate : 6th May 2011 Date : 6th May 2011
Notes to Financial statements 16The accompanying notes and schedules form an integral part of the financial statements.As per our report of even date attached
139
Annual Report 2010-2011Bajaj Allianz Life Insurance Company Ltd. I Balance sheet abstract and Company's general business profile
Balance Sheet Abstract and Company's General Business Profile
I. Registration Details
II. Capital raised during the year (Amount in Rs '000)
III. Position of mobilisation and deployment of funds (Amount in Rs '000)
IV Source of Funds (Amount in Rs '000)
V Application of Funds (Amount in Rs '000)
VI. Performance of Company (Amount in Rs '000)
Registration No.15959 25
CINU66010PN2001PLC015959
Balance Sheet Date31 03 2011
Date Month Year
Public Issue Rights Issue- -
Bonus Issue Private Placement- -
Total Liabilities Total Assets392,749,002 392,749,002
Paid-up Capital Reserves and Surplus (shareholders)1,507,090 20,986,962
Secured Loans Unsecured LoansNil Nil
Policyholders funds Others370,254,945 5
Net Fixed Assets Investments1,653,709 393,299,764
Net Current Assets Miscellaneous Expenditure-2,351,549 Nil
Accumulated loss (Shareholders) OthersNil 147,078
Turnover Total Expenditure- -
Profit/Loss before tax Profit/Loss after tax10,816,647 10,570,390
Accumulated Profits-
Earnings per share Dividend rate (%)70.14 0
Note: Being a life insurance company there is no turnover.
State Code
140
Bajaj Allianz Life Insurance Company Ltd. I IRDA Registration No.116 dated 3rd August, 2001
VII. Generic Names of Principal Products/Services of Company
Item code no (ITC code) -
Product Description Life Insurance Business
Note:
The Company being a life insurance company the accounts of the Company are not required to be made in accordance with Schedule VI. Further, the Insurance Act, 1938, requires the accounts of the Company to be split between Policyholders' & Shareholders' Account. In view of this it is not possible to give all the information as required in Part III & Part IV of the Schedule.
Balance Sheet Abstract and Company's General Business Profile
For Bajaj Allianz Life Insurance Company Limited
Rahul Bajaj Heinz DollbergChairman Director
Niraj Bajaj Sanjiv Bajaj Kamesh GoyalDirector Director Alternate Director
Ranjit Gupta S. H. Khan Suraj MehtaDirector Director Director
Manu Tandon V. Philip Rajesh ViswanathanDirector Managing Director & Chief Financial Officer
Chief Executive Officer
Anil Singh Sameer BakshiAppointed Actuary Company Secretary and
Head – Legal & Compliance
Place : PuneDate : 6th May 2011
Annual Report 2010-2011Bajaj Allianz Life Insurance Company Ltd.
Notes
Bajaj Allianz Life Insurance Co. Ltd.G.E. Plaza, Airport Road, Yerawada, Pune - 411 006.www.bajajallianz.com
Insurance is the subject matter of the solicitation BJAZ
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