FORM NL-1-B-RA IRDA Registration No. 108, dated · PDF fileFORM NL-1-B-RA Name of the Insurer:...
Transcript of FORM NL-1-B-RA IRDA Registration No. 108, dated · PDF fileFORM NL-1-B-RA Name of the Insurer:...
FORM NL-1-B-RA
Name of the Insurer: Tata AIG General Insurance Company Limited
IRDA Registration No. 108, dated January 22, 2001
REVENUE ACCOUNT** FOR THE YEAR ENDED MARCH 31, 2010
(Rs. in '000s)
Particulars Schedule
Fire Marine Miscellaneous Total Fire Marine Miscellaneous Total
1 Premiums earned (Net) NL-4-
Premium
Schedule
201,051 616,927 5,079,305 5,897,283 206,419 556,338 5,112,066 5,874,823
2 Profit/ Loss on sale/redemption
of Investments
4,830 11,719 98,919 115,468 729 1,647 13,373 15,749
- -
3 Others 645 1,709 14,121 16,475 813 1,768 16,250 18,831
Co-insurance Administration income 2,007 338 538 2,883 1,240 863 477 2,580
Amortisation of Investments (1,399) (3,395) (28,656) (33,450) 101 227 1,846 2,174
4 Interest, Dividend & Rent – Gross 37,542 42,616 472,943 553,101 38,054 38,696 394,116 470,866
TOTAL (A) 244,676 669,914 5,637,170 6,551,760 247,356 599,539 5,538,128 6,385,023
1 Claims Incurred (Net) NL-5-
Claims
Schedule
102,185 472,351 3,389,194 3,963,730 116,612 532,025 2,908,057 3,556,694
2 Commission NL-6-
Commissio
n Schedule
(192,837) 14,738 400,949 222,850 (254,196) (7,026) 459,447 198,225
3 Operating Expenses related to
Insurance Business
NL-7-
Operating
Expenses
Schedule
114,017 253,057 2,134,477 2,501,551 153,180 262,115 2,273,218 2,688,513
Contribution towards Solatium Fund 2,355 2,355 2,303 2,303
4 Premium Deficiency
Co-insurance Administration Fees 2,955 110 360 3,425 3,794 211 583 4,588
Motor pool Administration Fees - - 9,571 9,571 - - 17,343 17,343
TOTAL (B) 26,320 740,256 5,936,906 6,703,482 19,390 787,325 5,660,951 6,467,666
Operating Profit/(Loss) from
Fire/Marine/Miscellaneous
Business C= (A - B)
218,356 (70,342) (299,736) (151,722) 227,966 (187,786) (122,823) (82,643)
APPROPRIATIONS
Transfer to Shareholders’ Account 218,356 (70,342) (299,736) (151,722) 227,966 (187,786) (122,823) (82,643)
Transfer to Catastrophe Reserve
Transfer to Other Reserves (to be
specified)
TOTAL (C) 218,356 (70,342) (299,736) (151,722) 227,966 (187,786) (122,823) (82,643)
Year Ended
March 31, 2010
Year Ended
March 31, 2009
FORM NL-2-B-PL
Name of the Insurer: Tata AIG General Insurance Company Limited
IRDA Registration No. 108, dated January 22, 2001
PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED MARCH 31, 2010
Particulars Schedule Year Ended
March 31, 2010
Year Ended
March 31, 2009
(Rs.’000) (Rs.’000)
1 OPERATING PROFIT/(LOSS)
(a) Fire Insurance 218,356 227,966
(b) Marine Insurance (70,342) (187,786)
(c ) Miscellaneous Insurance (299,736) (122,823)
2 INCOME FROM INVESTMENTS
(a) Interest, Dividend & Rent – Gross 222,290 217,855
(b) Profit on sale of investments 61,129 9,275
Less: Loss on sale of investments - -
(c) Amortization of Debt Securities (17,708) 1,280
3 OTHER INCOME (To be specified)
Claims Service Fees 3,388 5,664
Interest on Loan to Employees - -
Miscellaneous 612 2,787
TOTAL (A) 117,989 154,218
4 PROVISIONS (Other than taxation)
(a) For diminution in the value of investments
(b) For doubtful debts 17,553 51,245
(c) Others (to be specified) 2,922
Excess provision of earlier year written back (20,334) -
5 OTHER EXPENSES
(a) Expenses other than those related to Insurance Business - -
Amortization of Pre-operative Expenditure 238 -
Donation (202) 215
(Profit) / Loss on Sale / Write off of Fixed Assets (Net) - (764)
(b) Bad debts written off - 8,568
(c) Others (To be specified) - -
TOTAL (B) 177 59,264
Profit Before Tax 117,812 94,954
Prior Period Adjustments Account
Claims Incurred (Reinsurance Ceded) 70,000 -
Profit / (Loss) Before Tax 47,812 94,954
Provision for Taxation
(a) Current tax [Incl. Interest Rs.('000s) 4,332 (Previous Year
Rs.('000s) 978)]
4,477 91,223
(b) Deferred tax (23,972) (50,126)
(c) Fringe benefits tax 350 11,454
Profit / (Loss) After Tax 66,957 42,403
APPROPRIATIONS
(a) Interim dividends paid during the year - -
(b) Proposed final dividend - -
(c) Dividend distribution tax - -
(d) Transfer to any Reserves or Other Accounts (to be
specified)
- -
- Contingency reserve for Unexpired Risks - 151,237
Balance of profit/ loss brought forward from last year240,912 349,746
Balance carried forward to Balance Sheet 307,869 240,912
FORM NL-3-B-BS
Name of the Insurer: Tata AIG General Insurance Company Limited
IRDA Registration No. 108, dated January 22, 2001
BALANCE SHEET AS AT MARCH 31, 2010
Schedule Year Ended
March 31, 2010
Year Ended
March 31, 2009
(Rs.’000) (Rs.’000)
SOURCES OF FUNDS
SHARE CAPITAL NL-8-Share Capital
Schedule
3,000,000 3,000,000
SHARE APPLICATION MONEY PENDING ALLOTMENT - -
RESERVES AND SURPLUS NL-10-Reserves and
Surplus Schedule
459,106 392,149
FAIR VALUE CHANGE ACCOUNT 110,675 (44,820)
BORROWINGS NL-11-Borrowings
Schedule
- -
TOTAL 3,569,781 3,347,329
APPLICATION OF FUNDS
INVESTMENTS NL-12-Investment Schedule 8,559,692 7,144,330
LOANS NL-13-Loans Schedule - -
FIXED ASSETS NL-14-Fixed Assets
Schedule
293,258 275,453
DEFERRED TAX ASSET 98,791 74,819
CURRENT ASSETS
Cash and Bank Balances NL-15-Cash and bank
balance Schedule
641,729 466,622
Advances and Other Assets NL-16-Advancxes and
Other Assets Schedule
3,209,625 2,914,854
Sub-Total (A) 3,851,354 3,381,476
CURRENT LIABILITIES NL-17-Current Liabilities
Schedule
6,206,306 4,314,199
PROVISIONS NL-18-Provisions Schedule 3,027,008 3,214,550
DEFERRED TAX LIABILITY - -
Sub-Total (B) 9,233,314 7,528,749
NET CURRENT ASSETS (C) = (A - B) (5,381,960) (4,147,273)
MISCELLANEOUS EXPENDITURE (to the extent not written off
or adjusted)
NL-19-Miscellaneous
Expenditure Schedule
- -
DEBIT BALANCE IN PROFIT AND LOSS ACCOUNT - -
TOTAL 3,569,781 3,347,329
CONTINGENT LIABILITIES
Particulars Year Ended
March 31, 2010
Year Ended
March 31, 2009
(Rs.’000) (Rs.’000)
1 Partly paid-up investments - -
2 Claims, other than against policies, not acknowledged as debts by
the company
- -
3 Underwriting commitments outstanding (in respect of shares and
securities)
- -
4 Guarantees given by or on behalf of the Company - -
5 Statutory demands/ liabilities in dispute, not provided for 59,580 35,430
6 Reinsurance obligations to the extent not provided for in accounts - -
7 Others (Insurance Claims disputed by the company, to the extent
not provided/reserved)
11,066 5,275
TOTAL 70,646 40,705
FORM NL-4-PREMIUM SCHEDULE
PREMIUM EARNED [NET]
(Rs. in '000s)
Particulars FIRE MARINEMISCELLANEOUS
Year Ended March
31, 2010
MotorWorkmen's
Compensation
Personal
Accident
Health
InsuranceLiability Engineering Aviation Others Total Grand Total
Premium from direct business written 1,434,028 1,151,076 2,297,520 77,138 1,018,694 823,000 1,228,266 347,612 - 160,650 5,952,880 8,537,984
Service Tax - - - - - - - - - - - -
Adjustment for change in reserve for
unexpired risks
- - - - - - - - - - - -
Gross Earned Premium - - - - - - - - - - - -
Add: Premium on reinsurance accepted 153,135 - 817,817 1,963 24,081 11,040 107,899 48,002 - 14,626 1,025,428 1,178,563
Less : Premium on reinsurance ceded 1,410,546 506,309 406,187 11,932 128,722 145,133 867,638 384,405 - 55,646 1,999,663 3,916,518
Net Premium 176,617 644,767 2,709,150 67,169 914,053 688,907 468,527 11,209 - 119,630 4,978,645 5,800,029
Adjustment for change in reserve for
unexpired risks 24,434 (27,840) 35,096 (3,065) 166,013 (35,819) (48,758) (3,899) - (8,908) 100,660 97,254
Premium Earned (Net) 201,051 616,927 2,744,246 64,104 1,080,066 653,088 419,769 7,310 - 110,722 5,079,305 5,897,283
(Rs. in '000s)
Particulars FIRE MARINEMISCELLANEOUS
Year Ended March
31, 2009
MotorWorkmen's
Compensation
Personal
Accident
Health
InsuranceLiability Engineering Aviation Others Total Grand Total
Premium from direct business written 1,447,597 1,118,238 2,247,877 48,212 1,165,593 738,882 1,030,037 339,890 - 102,879 5,673,370 8,239,205
Service Tax - - - - - - - - - - - -
Adjustment for change in reserve for
unexpired risks
- - - - - - - - - - - -
Gross Earned Premium - - - - - - - - - - - -
Add: Premium on reinsurance accepted 190,177 - 943,529 11,120 14,571 50,635 71,111 16,360 - 31,909 1,139,235 1,329,412
Less : Premium on reinsurance ceded 1,408,113 529,144 396,540 33,419 121,448 76,485 722,994 348,984 - 56,621 1,756,491 3,693,748
Net Premium 229,661 589,094 2,794,866 25,913 1,058,716 713,032 378,154 7,266 - 78,167 5,056,114 5,874,869
Adjustment for change in reserve for
unexpired risks (23,242) (32,756) 22,366 5,456 (76,735) 166,202 (61,004) (50)
-
(283) 55,952 (46)
Premium Earned (Net) 206,419 556,338 2,817,232 31,369 981,981 879,234 317,150 7,216 - 77,884 5,112,066 5,874,823
Tata AIG General Insurance Company Limited
FORM NL-5 - CLAIMS SCHEDULE
CLAIMS INCURRED [NET]
(Rs. in '000s)
Particulars FIRE MARINEMISCELLANEOUS
Year Ended March
31, 2010
MotorWorkmen's
Compensation
Personal
Accident
Health
InsuranceLiability Engineering Aviation Others Total Grand Total
Claims paid - Direct 529,566 670,754 1,101,480 14,340 252,836 431,371 22,423 356,395 - 35,229 2,214,074 3,414,394
Add Claims Outstanding at the end of the year 71,166 411,120 2,664,259 28,476 254,957 197,443 516,193 57,394 - 45,935 3,764,657 4,246,943
Less Claims Outstanding at the beginning of the year 65,913 298,060 1,810,723 22,298 172,844 223,955 141,939 25,120 - 10,258 2,407,137 2,771,110
Gross Incurred Claims 534,819 783,814 1,955,016 20,518 334,949 404,859 396,677 388,669 - 70,906 3,571,594 4,890,227
Add :Re-insurance accepted to direct claims 17,189 1,783 346,821 3,833 8,787 30,562 3,846 2 - 14,039 407,890 426,862
Less :Re-insurance Ceded to claims paid 449,823 313,246 161,176 1,626 30,598 49,477 2,438 340,901 - 4,074 590,290 1,353,359
Net Premium 102,185 472,351 2,140,661 22,725 313,138 385,944 398,085 47,770 - 80,871 3,389,194 3,963,730
(Rs. in '000s)
Particulars FIRE MARINEMISCELLANEOUS
Year Ended March
31, 2009
MotorWorkmen's
Compensation
Personal
Accident
Health
InsuranceLiability Engineering Aviation Others Total Grand Total
Claims paid - Direct 901,445 815,323 1,180,991 11,737 304,198 476,747 23,304 201,183 - 12,112 2,210,272 3,927,040
Add Claims Outstanding at the end of the year 65,913 298,060 1,810,723 22,298 172,844 223,955 141,939 25,120 - 10,258 2,407,137 2,771,110
Less Claims Outstanding at the beginning of the year 58,111 206,648 605,594 16,850 76,220 230,765 84,066 9,146 - 5,233 1,027,874 1,292,633
Gross Incurred Claims 909,247 906,735 2,386,120 17,185 400,822 469,937 81,177 217,157 - 17,137 3,589,535 5,405,517
Add :Re-insurance accepted to direct claims 8,158 2,313 (236,978) - 9,105 5,665 455 - - 30,993 (190,760) (180,289)
Less :Re-insurance Ceded to claims paid 800,793 377,023 183,204 1,791 43,444 64,878 4,232 192,324 - 845 490,718 1,668,534
Net Premium 116,612 532,025 1,965,938 15,394 366,483 410,724 77,400 24,833 - 47,285 2,908,057 3,556,694
Tata AIG General Insurance Company Limited
FORM NL-6-COMMISSION SCHEDULE
(Rs. in '000s)
Particulars FIRE MARINE MISCELLANEOUSYear Ended
March 31, 2010
MotorWorkmen's
Compensation
Personal
Accident
Health
InsuranceLiability Engineering Aviation Others Total Grand Total
Commission Paid - Direct 84,186 136,597 111,958 5,848 96,198 47,823 124,722 14,394 - 13,688 414,631 635,414
Add: Reinsurance accepted 19,338 - 156,441 4,186 5,436 13,702 14,323 4,201 - 9,990 208,279 227,617
Less : Reinsurance ceded 296,361 121,859 58,805 1,470 17,874 36,266 27,368 76,225 - 3,953 221,961 640,181
Net Commission (192,837) 14,738 209,594 8,564 83,760 25,259 111,677 (57,630) - 19,725 400,949 222,850
Break up of Gross Commission
Agents 22,768 35,522 67,563 2,604 20,111 21,628 10,025 3,680 - 6,178 131,789 190,079
Brokers 59,947 96,022 14,213 3,198 17,196 11,201 113,884 11,650 - 6,980 178,322 334,291
Corporate Agents 1,471 5,053 30,182 46 58,891 14,994 813 (936) - 530 104,520 111,044
Referral - - - - - - - - - - - -
84,186 136,597 111,958 5,848 96,198 47,823 124,722 14,394 - 13,688 414,631 635,414
(Rs. in '000s)
Particulars FIRE MARINE MISCELLANEOUSYear Ended
March 31, 2009
MotorWorkmen's
Compensation
Personal
Accident
Health
InsuranceLiability Engineering Aviation Others Total Grand Total
Commission Paid - Direct 90,829 126,674 127,120 3,247 102,801 50,887 107,882 14,053 - 8,558 414,548 632,051
Add: Reinsurance accepted 6,493 - 192,660 3,892 3,093 17,959 3,824 3,451 - 26,502 251,381 257,874
Less : Reinsurance ceded 351,518 133,700 59,220 1,000 22,895 15,813 32,236 72,025 - 3,293 206,482 691,700
Net Commission (254,196) (7,026) 260,560 6,139 82,999 53,033 79,470 (54,521) - 31,767 459,447 198,225
Break up of Gross Commission
Agents 19,709 23,691 54,096 1,428 17,141 22,169 10,217 2,962 - 3,934 111,947 155,347
Brokers 59,276 88,726 13,698 1,743 16,298 12,244 95,758 9,726 - 4,544 154,011 302,013
Corporate Agents 11,844 14,257 59,326 76 69,362 16,474 1,907 1,365 - 80 148,590 174,691
Referral - - - - - - - - - - - -
90,829 126,674 127,120 3,247 102,801 50,887 107,882 14,053 - 8,558 414,548 632,051
FORM NL-7-OPERATING EXPENSES SCHEDULE
OPERATING EXPENSES RELATED TO INSURANCE BUSINESS
(Rs. in '000s)
FIRE MARINE MISCELLANEOUSYear Ended
March 31, 2010
FIRE MARINE MotorWorkmen's
Compensation
Personal
Accident
Health
InsuranceLiability Engineering Aviation Others Total Grand Total
Employees’ remuneration and welfare benefits 53,230 94,122 252,530 2,480 126,841 92,853 130,485 12,515 - 15,321 633,025 780,377
Travel, conveyance and vehicle running expenses 2,299 3,205 8,818 81 4,585 3,356 4,720 1,127 - 501 23,188 28,692
Training expenses 436 806 2,027 22 1,053 771 1,313 76 - 135 5,397 6,639
Rents, rates and taxes 16,083 44,578 130,523 580 71,765 52,535 36,362 5,564 - 3,582 300,911 361,572
Repairs 1,001 2,418 6,873 76 3,243 2,374 3,409 173 - 469 16,617 20,036
Printing and Stationery 1,042 2,808 9,510 74 7,044 5,156 3,405 203 - 458 25,850 29,700
Communication 3,446 8,605 25,141 286 15,882 11,627 12,355 508 - 1,765 67,564 79,615
Legal and Professional charges 12,232 34,587 147,680 563 86,849 63,577 29,328 10,997 - 3,478 342,472 389,291
Auditors' fees, expenses etc.
a) as auditors 120 314 943 12 438 321 470 11 - 71 2,266 2,700
b) as advisor or in any other capacity, in respect of :
(i) Taxation matters - - - - - - - - - - - -
(ii) Insurance matters - - - - - - - - - - - -
(iii) Management services - - - - - - - - - - - -
c) in any other capacity and 49 128 384 5 179 131 191 4 - 29 923 1,100
d) out of pocket expenses 4 10 29 - 13 10 14 - - 2 68 82
Advertisement and publicity 1,752 4,097 59,625 48 24,410 17,869 3,086 329 - 299 105,666 111,515
Interest and Bank Charges 1,040 2,734 8,199 100 40,323 29,518 4,086 93 - 619 82,938 86,712
Others:
Direct Telemarketing costs 2,677 7,037 40,297 258 87,069 63,738 10,518 240 - 1,593 203,713 213,427
Outsourced Operations costs 5,507 14,479 43,423 530 20,197 14,785 21,641 495 - 3,277 104,348 124,334
Agents Training 256 381 4,467 22 2,059 1,507 618 177 - 135 8,985 9,622
Business Development Expenses 483 633 8,075 - 1,787 1,308 803 246 - - 12,219 13,335
Foreign Exchange (Gain) / Loss 273 811 2,434 30 1,129 826 1,162 1,452 - 183 7,216 8,300
Information Technology Expenses 3,882 10,152 30,242 365 14,106 10,326 15,027 392 - 2,253 72,711 86,745
Miscellaneous Expenses 840 5,439 8,180 96 3,956 2,896 4,197 138 - 595 20,058 26,337
Depreciation/ Amortisation 7,365 15,713 40,096 386 19,229 14,076 19,965 2,204 - 2,386 98,342 121,420
Total 114,017 253,057 829,496 6,014 532,157 389,560 303,155 36,944 - 37,151 2,134,477 2,501,551
Tata AIG General Insurance Company Limited
FORM NL-7-OPERATING EXPENSES SCHEDULE
OPERATING EXPENSES RELATED TO INSURANCE BUSINESS
(Rs. in '000s)
FIRE MARINE MISCELLANEOUSYear Ended
March 31, 2009
FIRE MARINE MotorWorkmen's
Compensation
Personal
Accident
Health
InsuranceLiability Engineering Aviation Others Total Grand Total
Employees’ remuneration and welfare benefits 66,012 94,591 251,743 5,223 153,576 102,810 107,353 15,821 - 5,213 641,739 802,342
Travel, conveyance and vehicle running expenses 3,596 3,970 10,665 208 7,321 4,901 5,039 1,961 - 221 30,316 37,882
Training expenses 962 1,617 6,038 138 3,629 2,429 2,668 99 - 125 15,126 17,705
Rents, rates and taxes 14,771 35,818 147,965 1,282 52,620 35,226 27,443 4,819 - 3,064 272,419 323,008
Repairs 1,098 2,081 6,860 158 3,644 2,439 2,607 207 - 142 16,057 19,236
Printing and Stationery 1,635 3,450 11,694 237 8,552 5,725 3,818 321 - 242 30,589 35,674
Communication 4,762 9,231 31,217 751 21,706 14,531 11,899 731 - 646 81,481 95,474
Legal and Professional charges 24,752 48,368 125,365 1,731 118,232 79,149 39,358 12,009 - 2,595 378,439 451,559
Auditors' fees, expenses etc.
a) as auditors 124 253 1,190 22 442 296 341 14 - 18 2,323 2,700
b) as advisor or in any other capacity, in respect of :
(i) Taxation matters - - - - - - - - - - - -
(ii) Insurance matters - - - - - - - - - - - -
(iii) Management services - - - - - - - - - - - -
c) in any other capacity and 61 124 360 11 216 145 167 7 - 9 915 1,100
d) out of pocket expenses 4 9 30 1 15 10 12 - - 1 69 82
Advertisement and publicity 914 1,569 29,494 93 25,945 17,369 1,833 99 - 609 75,442 77,925
Interest and Bank Charges 336 682 2,348 61 14,336 9,597 922 40 - 49 27,353 28,371
Others:
Direct Telemarketing costs 4,537 9,211 57,576 823 110,823 74,189 12,446 537 - 1,192 257,586 271,334
Outsourced Operations costs 8,625 17,507 61,638 1,565 30,668 20,530 23,658 1,021 - 1,276 140,356 166,488
Agents Training 3,149 4,141 31,502 204 18,757 12,557 3,714 406 - 652 67,792 75,082
Business Development Expenses 1,790 2,897 17,252 117 8,245 5,520 2,493 679 - 357 34,663 39,350
Foreign Exchange (Gain) / Loss 2,315 1,768 5,875 149 2,924 1,958 8,165 (649) - 122 18,544 22,627
Information Technology Expenses 4,743 9,560 32,828 826 16,422 10,994 12,625 610 - 680 74,985 89,288
Miscellaneous Expenses 752 1,432 4,093 102 2,291 1,533 1,786 111 - 90 10,006 12,190
Depreciation/ Amortisation 8,242 13,836 37,271 808 24,105 16,137 15,738 2,187 - 772 97,018 119,096
Total 153,180 262,115 873,004 14,510 624,469 418,045 284,085 41,030 - 18,075 2,273,218 2,688,513
Tata AIG General Insurance Company Limited
FORM NL-8-SHARE CAPITAL SCHEDULE
SHARE CAPITAL
Particulars As at
March 31, 2010
As at
March 31, 2009
(Rs.’000). (Rs.’000).
1 Authorised Capital
450,000,000 (Previous Year : 450,000,000)
Equity Shares of Rs.10 each
4,500,000 4,500,000
2 Issued Capital
300,000,000 (Previous Year : 300,000,000)
Equity Shares of Rs.10 each
3,000,000 3,000,000
3 Subscribed Capital
300,000,000 (Previous Year : 300,000,000)
Equity Shares of Rs.10 each
3,000,000 3,000,000
4 Called-up Capital
300,000,000 (Previous Year : 300,000,000)
Equity Shares of Rs.10 each
3,000,000 3,000,000
Less : Calls unpaid - -
Add : Equity Shares forfeited (Amount originally
paid up)
- -
Less : Par Value of Equity Shares bought back - -
Less : Preliminary Expenses - -
Expenses including commission or
brokerage on
Underwriting or subscription of
shares
TOTAL 3,000,000 3,000,000
Tata AIG General Insurance Company Limited
FORM NL-9-PATTERN OF SHAREHOLDING SCHEDULE
SHARE CAPITAL
PATTERN OF SHAREHOLDING
[As certified by the Management]
Shareholder
Number of
Shares
% of Holding Number of
Shares
% of Holding
Promoters
• Indian - Tata Sons Limited 222,000,000 74% 222,000,000 74%
• Foreign - CHARTIS MEMSA Holdings Inc. (Formerly Known as AIG Memsa Holdings Inc.) 78,000,000 26% 78,000,000 26%
Others - - - -
TOTAL 300,000,000 100% 300,000,000 100%
As at March 31, 2009As at March 31, 2010
Tata AIG General Insurance Company Limited
FORM NL-10-RESERVE AND SURPLUS SCHEDULE
RESERVES AND SURPLUS
Particulars As at March 31, 2010 As at March 31, 2009
(Rs.’000). (Rs.’000).
1 Capital Reserve - -
2 Capital Redemption Reserve - -
3 Share Premium - -
General Reserves - -
Less: Debit balance in Profit and Loss Account - -
Less: Amount utilized for Buy-back - -
5 Catastrophe Reserve - -
- Contingency reserve for Unexpired Risks 151,237 151,237
6 Other Reserves (to be specified) -
7 Balance of Profit in Profit & Loss Account 307,869 240,912
TOTAL 459,106 392,149
4
Tata AIG General Insurance Company Limited
FORM NL-11-BORROWINGS SCHEDULE
BORROWINGS
Particulars As at March 31, 2010 As at March 31, 2009
(Rs.’000). (Rs.’000).
1 Debentures/ Bonds - -
2 Banks - -
3 Financial Institutions - -
4 Others (to be specified) - -
TOTAL - -
Tata AIG General Insurance Company Limited
FORM NL-12-INVESTMENT SCHEDULE
Investments
Particulars As at March 31, 2010 As at March 31, 2009
(Rs.’000). (Rs.’000).
LONG TERM INVESTMENTS
1 Government securities and Government
guaranteed bonds including Treasury Bills
3,805,770 2,105,115
2 Other Approved Securities 1,297,907 397,199
3 Other Investments
( a) Shares
(aa) Equity - -
(bb) Preference - -
( b) Mutual Funds - -
(c) Derivative Instruments - -
(d) Debentures/ Bonds 20,449 20,650
(e) Other Securities (to be specified) - -
(f) Subsidiaries - -
(g) Investment Properties-Real Estate - -
4 Investments in Infrastructure and Social Sector 2,126,124 2,152,044
5 Other than Approved Investments - -
SHORT TERM INVESTMENTS
1 Government securities and Government
guaranteed bonds including Treasury Bills
100,110 1,095,200
2 Other Approved Securities 1,159,675 1,245,701
3 Other Investments
(a) Shares
(aa) Equity - 28,592
(bb) Preference - -
(b) Mutual Funds - -
(a) Derivative Instruments - -
(b) Debentures/ Bonds - -
(c) Other Securities (to be specified) - -
(d) Subsidiaries - -
(e) Investment Properties-Real Estate - -
4 Investments in Infrastructure and Social Sector 49,657 99,829
5 Other than Approved Investments - -
TOTAL 8,559,692 7,144,330
Tata AIG General Insurance Company Limited
FORM NL-13-LOANS SCHEDULE
LOANS
Particulars As at March 31, 2010 As at March 31, 2009
(Rs.’000). (Rs.’000).
1 SECURITY-WISE CLASSIFICATION
Secured
(a) On mortgage of property
(aa) In India - -
(bb) Outside India - -
(b) On Shares, Bonds, Govt. Securities - -
(c) Others (to be specified) - -
Unsecured - -
TOTAL - -
2 BORROWER-WISE CLASSIFICATION
(a) Central and State Governments - -
(b) Banks and Financial Institutions - -
(c) Subsidiaries - -
(d) Industrial Undertakings - -
(e) Others (to be specified) - -
TOTAL - -
3 PERFORMANCE-WISE CLASSIFICATION
(a) Loans classified as standard
(aa) In India - -
(bb) Outside India - -
(b) Non-performing loans less provisions
(aa) In India - -
(bb) Outside India - -
TOTAL - -
4 MATURITY-WISE CLASSIFICATION
(a) Short Term - -
(b) Long Term - -
TOTAL - -
Tata AIG General Insurance Company Limited
FORM NL-14-FIXED ASSETS SCHEDULE
FIXED ASSETS
(Rs.’000)
ParticularsOn Sales/
Adjustments
Goodwill - - - - - - - - - -
Intangibles (specify) 271,174 32,075 - 303,249 208,280 29,383 - 237,663 65,586 62,894
Land-Freehold - - - - - - - - - -
Leasehold Property 134,864 38,380 21,889 151,355 117,202 19,053 21,889 114,366 36,989 17,662
Buildings - - - - - - - - - -
Furniture & Fittings 50,130 13,273 1,491 61,912 43,289 5,013 1,491 46,811 15,101 6,841
Information Technology
Equipment
371,875 32,246 51,677 352,444 228,558 52,070 47,743 232,885 119,559 143,317
Vehicles 20,384 - 4,489 15,895 7,969 3,215 1,107 10,077 5,818 12,415
Office Equipment 91,166 29,087 11,411 108,842 61,836 12,686 10,803 63,719 45,123 29,330
Others (Specify nature) - - - - - - - - - -
TOTAL 939,593 145,061 90,957 993,697 667,134 121,420 83,033 705,521 288,176 272,459
Work in progress 5,082 2,994
Grand Total 939,593 145,061 90,957 993,697 667,134 121,420 83,033 705,521 293,258 275,453
PREVIOUS YEAR 833,601 138,268 32,276 939,593 574,127 119,096 26,089 667,134 275,453
Tata AIG Insurance Company Limited
To Date
Cost/ Gross Block Depreciation Net BlockClosing Up to Last
Year
For The Year As at 31 March,
2010
As at 31 March,
2009
Opening Additions/
Adjustments
Deductions/Ad
justments
FORM NL-15-CASH AND BANK BALANCE SCHEDULE
CASH AND BANK BALANCES
Particulars As at 31 March, 2010 As at 31 March, 2009
(Rs.’000) (Rs.’000)
1 Cash (including cheques, drafts and
stamps)
333,655 245,661
2 Bank Balances
(a) Deposit Accounts
(aa) Short-term (due within 12
months)
- -
(bb) Others 404 904
(b) Current Accounts 307,670 220,057
(c) Others (to be specified) - -
3 Money at Call and Short Notice
(a) With Banks - -
(b) With other Institutions - -
4 Others (to be specified) - -
TOTAL 641,729 466,622
Balances with non-scheduled banks
included in 2 and 3 above
Tata AIG General Insurance Company Limited
FORM NL-16-ADVANCES AND OTHER ASSETS SCHEDULE
ADVANCES AND OTHER ASSETS
Particulars As at March 31, 2010 As at March 31, 2009
(Rs.’000). (Rs.’000).
ADVANCES
1 Reserve deposits with ceding companies - -
2 Application money for investments - -
3 Prepayments 32,165 37,664
4 Advances to Directors/Officers - -
5 Advance tax paid and taxes deducted at
source (Net of provision for taxation)
17,965 22,078
6 Others
Advance to Employees 1,479 798
Advance to Suppliers 10,269 14,171
Claims Recoverable 13,452 9,805
TOTAL (A) 75,330 84,516
OTHER ASSETS
1 Income accrued on investments 218,304 147,685
2 Outstanding Premiums 134,412 45,381
3 Agents’ Balances 16,072 49,358
4 Foreign Agencies Balances
5 Due from other entities carrying on
insurance business (including reinsurers)
2,438,330 2,221,021
6 Due from subsidiaries/ holding - -
7 Deposit with Reserve Bank of India
[Pursuant to section 7 of Insurance Act,
1938]
- -
8 Others
Salvage and Subrogation 181 96
Deposits for Office Premises 113,349 93,400
Deposit for Office Premises jointly with
Tata AIG Life Insurance Company
Limited
- -
Deposits with Telecom Authorities and
Housing Deposits for employees
3,906 12,334
Earnest Money Deposit 1,450 1,500
Other Deposits 44,245 40,545
Balance due from AIG entities 11,692 30,610
Balance due from Tata AIG Life
Insurance Company Limited
1,303 2,833
Service tax unutilised credit 141,495 139,982
Receivable from Service Providers 9,556 45,593
TOTAL (B) 3,134,295 2,830,338
TOTAL (A+B) 3,209,625 2,914,854
Tata AIG General Insurance Company Limited
FORM NL-17-CURRENT LIABILITIES SCHEDULE
CURRENT LIABILITIES
Particulars As at March 31, 2010 As at March 31, 2009
(Rs.’000). (Rs.’000).
1 Agents’ Balances 47,194 47,286
2 Balances due to other insurance
companies (including. reinsurers)
443,573 504,156
3 Deposits held on re-insurance ceded - -
4 Premiums received in advance 732,780 463,588
5 Unallocated Premium 139,858 52,582
6 Sundry creditors 446,761 334,113
7 Due to subsidiaries/ holding
company
8 Claims Outstanding 4,312,193 2,771,110
9 Due to Officers/ Directors
10 Others (to be specified)
Due to AIG entities - 50,294
Deposit from Service Providers 43,398 25,721
Other Deposits Accepted 7,056 4,158
Due to Environment Relief Fund 834 2,542
Due to Solatium Fund 2,602 1,118
Due to Statutory Authorities 29,753 46,482
Payable on purchase of investments 33 28
Service Tax Liability 271 11,021
TOTAL 6,206,306 4,314,199
Tata AIG General Insurance Company Limited
FORM NL-18-PROVISIONS SCHEDULE
PROVISIONS
Particulars As at March 31, 2010 As at March 31, 2009
(Rs.’000). (Rs.’000).
1 Reserve for Unexpired Risk 2,942,746 3,040,000
2 For taxation (less advance tax paid and
taxes deducted at source)
81,340 174,550
3 For proposed dividends - -
4 For dividend distribution tax - -
5 Others (for unrealised cheques) 2,922 -
6 Reserve for Premium Deficiency - -
TOTAL 3,027,008 3,214,550
Tata AIG General Insurance Company Limited
FORM NL-19 MISC EXPENDITURE SCHEDULE
MISCELLANEOUS EXPENDITURE
(To the extent not written off or adjusted)
Particulars As at March 31, 2010 As at March 31, 2009
(Rs.’000). (Rs.’000).
1 Discount Allowed in issue of shares/
debentures
- -
2 Others (to be specified) - -
TOTAL - -
Tata AIG General Insurance Company Limited
FORM NL-20-RECEIPT AND PAYMENTS SCHEDULE
Format of Receipts and Payments A/c for the year ended March 31, 2010
(Rs in '000's)
Cash Flows from the operating activities:
Premium received from policyholders, including advance receipts 10,567,022
Other receipts 573
Payments to the re-insurers, net of commissions and claims (1,995,903)
Payments to co-insurers, net of claims recovery (231,621)
Payments of claims (3,686,797)
Payments of commission and brokerage (575,245)
Payments of other operating expenses (2,611,437)
Preliminary and pre-operative expenses
Deposits, advances and staff loans 6,585
Income taxes paid (Net) (93,983)
Service tax paid (584,451)
Other payments
Cash flows before extraordinary items 794,741
Cash flow from extraordinary operations
Net cash flow from operating activities 794,741
Cash flows from investing activities:
Purchase of fixed assets (60,000)
Proceeds from sale of fixed assets 8,126
Purchases of investments (93,663,663)
Loans disbursed
Sales of investments 92,529,240
Repayments received
Rents/Interests/ Dividends received 571,564
Investments in money market instruments and in liquid mutual funds (Net)*
Expenses related to investments
Net cash flow from investing activities (614,733)
Cash flows from financing activities:
Proceeds from issuance of share capital -
Proceeds from borrowing
Repayments of borrowing
Interest/dividends paid
Net cash flow from financing activities -
Effect of foreign exchange rates on cash and cash equivalents, net
Net increase in cash and cash equivalents: 180,008
Cash and cash equivalents at the beginning of the year 466,622
Cash and cash equivalents at the end of the year 646,630
____________________________________________________________________________________________
NL-21-Liab IRDA Periodic Disclosures
FORM NL-21 Statement of Liabilities
Insurer: TATA AIG General Insurance Company Ltd Date:
(Rs in Lakhs)
Sl.No. ParticularReserves for
unexpired risks
Reserve for
Outstanding ClaimsIBNR Reserves Total Reserves
Reserves for
unexpired risks
Reserve for
Outstanding ClaimsIBNR Reserves Total Reserves
1 Fire 1,599 1,019 345 2,963 1,843 394 265 2,502
2 Marine
a Marine Cargo 3,224 2,812 1,299 7,335 2,945 2,053 927 5,926
b Marine Hull - - - - - - - -
3 Miscellaneous
a Motor 10,380 6,879 2,066 19,325 10,816 5,837 1,322 17,976
b Engineering 97 303 271 671 58 166 85 309
c Aviation - - - - - - - -
d Liabilities 4,633 2,986 2,461 10,080 4,115 678 965 5,758
e Others 675 293 166 1,135 586 63 39 689
4 Health Insurance 5,265 2,633 1,891 9,789 8,859 2,414 1,554 12,827
5 Total Liabilities 25,874 16,925 8,499 51,298 29,223 11,606 5,158 45,986
Note Figures Excluding Motor Pool
As At March 31, 2009
PERIODIC DISCLOSURES
31.03.2010
As At March 31, 2010
Statement of Liabilities
FORM NL-23 Reinsurance Risk Concentration
Insurer: TATA AIG GENERAL INSURANCE COMPANY LIMITED Date:
(Rs in Lakhs)
S.No. Reinsurance Placements
Proportional Non-Proportional
Facultative
1 No. of Reinsurers with rating of AAA and above 3 313 28 15 0.91%2 No. of Reinsurers with rating AA but less than AAA 3 2,193 1,445 115 9.58%3 No. of Reinsurers with rating A but less than AA 40 6,357 4,031 6,890 44.11%4 No. of Reinsurers with rating BBB but less than A 5 15,889 1,536 355 45.40%5 No. of Reinsurres with rating less than BBB - - - - 0.00%6 Total 51 24,751 7,041 7,373 100.00%
Premium ceded to
reinsurers / Total
reinsurance premium
ceded (%)
PERIODIC DISCLOSURES
31-Mar-10
Reinsurance Risk Concentration
No. of reinsurer
s
Premium ceded to reinsurers
Insurer: TATA AIG General Insurance Company Limited Date:
No. of claims only
Sl. No. Claims Experience Fire Marine Cargo
Marine Hull
Engineering Motor OD Motor
TP Health Overseas Travel
Personal Accident Liability Crop Credit Miscella
neous Total
1 Claims O/S at the beginning of the period 800 1,903 - 88 2,283 3,771 - 1,266 899 115 - - 1,290 12,415 2 Claims reported during the period 1,645 3,158 - 181 15,112 799 - 3,153 2,069 149 - - 2,380 28,646 3 Claims Settled during the period 1,590 3,050 - 135 15,025 744 - 2,953 1,866 114 - - 1,810 27,287 4 Claims Repudiated during the period 119 142 - 5 192 14 - 290 224 3 - - 114 1,103 5 Claims closed during the period6 Claims O/S at End of the period 736 1,869 - 129 2,178 3,812 - 1,176 878 147 - - 1,746 12,671
Less than 3months 439 1,099 - 82 1,723 609 - 995 647 54 - - 1,122 6,770 3 months to 6 months 122 298 - 19 181 554 - 117 103 24 - - 380 1,798 6months to 1 year 107 231 - 20 96 886 - 44 39 37 - - 243 1,703 1year and above 68 241 - 8 178 1,763 - 20 89 32 - - 1 2,400
Sl. No. Claims Experience Fire Marine Cargo
Marine Hull
Engineering Motor OD Motor
TP Health Overseas Travel
Personal Accident Liability Crop Credit Miscella
neous Total
1 Claims O/S at the beginning of the period 811 1,707 - 83 2,529 3,265 - 1,391 720 82 - - 229 10,817 2 Claims reported during the period 6,482 12,523 - 427 57,297 3,037 - 13,217 7,640 442 - - 6,217 107,282 3 Claims Settled during the period 6,045 11,721 - 355 56,980 2,431 - 12,281 6,578 346 - - 4,337 101,074 4 Claims Repudiated during the period 512 640 - 26 668 59 - 1,151 904 31 - - 363 4,354 5 Claims closed during the period6 Claims O/S at End of the period 736 1,869 - 129 2,178 3,812 - 1,176 878 147 - - 1,746 12,671
Less than 3months 439 1,099 - 82 1,723 609 - 995 647 54 - - 1,122 6,770 3 months to 6 months 122 298 - 19 181 554 - 117 103 24 - - 380 1,798 6months to 1 year 107 231 - 20 96 886 - 44 39 37 - - 243 1,703 1year and above 68 241 - 8 178 1,763 - 20 89 32 - - 1 2,400
Year Ended March 31, 2010
PERIODIC DISCLOSURESFORM NL-25
31-Mar-2010
Quarter Ended March 31, 2010
NL-27-Off Op IRDA Periodic Disclosures
FORM NL-27 Offices information for Non-Life
Insurer: Tata AIG General Insurance Co Ltd Date: 31.03.2010
Sl. No.
1
2
3
Out of approvals of
previous year
4
Out of approvals of this
year
5
6
7
8
9
No. of branches approved but not opend
No. of rural branches
No. of urban branches 48
1
48
No. of offices at the beginning of the year
No. of branches approved during the year
No. of branches closed during the year
No of branches at the end of the year
No. of branches opened
during the year
1
PERIODIC DISCLOSURES
Number
48
Office Information
FORM NL-28-STATEMENT OF ASSETS - 3B
Company Name & Code: Tata AIG General Insurance Co. Ltd. - Code 108
Statement as on: 31-Mar-2010
Statement of Investment Assets (General Insurer, Re-insurers)
(Business within India) Rs. In Lakhs
Periodicity of Submission: Quarterly
No PARTICULARS SCH AMOUNT
1 Investments 8 85,597
2 Loans 9 -
3 Fixed Assets 10 2,933
4 Current Assets -
a. Cash & Bank Balance 11 6,417
b. Advances & Other Assets 12 32,096
5 Current Liabilities -
a. Current Liabilities 13 62,063
b. Provisions 14 30,270
c. Misc. Exp not Written Off 15 -
d. Debit Balance of P&L A/c -
Application of Funds as per Balance Sheet (A) 34,710
Less: Other Assets SCH Amount
1 Loans (if any) 9 -
2 Fixed Assets (if any) 10 2,933
3 Cash & Bank Balance (if any) 11 6,417
4 Advances & Other Assets (if any) 12 32,096
5 Current Liabilities 13 62,063
6 Provisions 14 30,270
7 Misc. Exp not Written Off 15 -
8 Debit Balance of P&L A/c -
TOTAL (B) (50,887)
'Investment Assets' As per FORM 3B (A-B) 85,597
Balance FRSM
(a) (b) ( c ) D=b+c (e) (d+e)
1 Not less than
20%
2Not less than
30%- 15,033.37 24025.43 39,058.80 45.63% 39,058.80 37,600.50
3 Not less than
5%- 4,430.20 7080.08 11,510.28 13.45% 11,510.28 11,587.39
4 Approved Investments
a) Infra Structure and Social Sector
(i) Infra Structure - 8,374.38 13383.44 21,757.82 25.42% 21,757.82 22,215.20
(ii) Social Sector -
b)
(i) Others governed by Exposure Norms - 5,028.80 8036.74 13,065.54 15.26% (1,106.75) 11,958.78 13,070.23
(ii) Out of above 55% Amount Invested in Other investment shall not
exceed 25% - 78.71 125.78 204.49 0.24% 204.49 208.20
TOTAL
INVESTMENT
100% - 32,945.46 52,651.47 85,596.93 100.00% (1,106.75) 84,490.18 84,681.52
Certification:
Certified that the information given herein are correct and complete to the best
of my knowledge and belief and nothing has been concealed or suppressed
Date: Signature:
Full name:
Designation:
MARKET
VALUE
Central Government Securities
Government Securities or Other Guaranteed Securities (including the 1 above)
Housing and Loans to SG for Housing and Fire Fighting Equipments
PHTOTAL
(SH+PH)% ACTUAL FVC Amount TotalNo. Investment Represented as %
SH
Not less than
10%
Not exceeding
55%
NL-29-Debt Sec IRDA Periodic Disclosures
FORM NL-29 Detail regarding debt securities
Insurer: Tata AIG General Insurance Co Ltd Date: 31.03.2010
(Rs in Lakhs)
As at March 31,
2010
as % of total for
this class
As at March 31,
2009
as % of total for
this class
As at March 31,
2010
as % of total for
this class
As at March 31,
2009
as % of total for
this classBreak down by credit
rating
AAA rated 35,771 49% 29,826 47% 35,231 47% 29,455 46%
AA or better - 0% 1,954 3% - 0% 2,000 3%
Rated below AA but above A 208 0% 201 0% 204 0% 206 0%
Rated below A but above B - 0% - 0% - 0% - 0%
Any other 37,601 51% 31,848 50% 39,059 52% 32,003 50%
BREAKDOWN BY
RESIDUALMATURITY
Up to 1 year 2,019 3% 16,984 27% 1,992 3% 16,914 27%
more than 1 yearand upto
3years 21,374 29% 19,385 30% 20,765 28% 18,958 30%
More than 3years and up to
7years 47,778 65% 24,482 38% 49,111 66% 24,658 39%
More than 7 years and up to
10 years 2,409 3% 2,978 5% 2,627 4% 3,134 5%
above 10 years 0% - 0% - 0%
Breakdown by type of the
issurer
a. Central Government 37,601 51% 31,848 50% 39,059 52% 32,003 50%
b. State Government - 0% - 0% - 0% - 0%
c.Corporate Securities 35,979 49% 31,981 50% 35,436 48% 31,661 50%
PERIODIC DISCLOSURES
MARKET VALUE Book Value
Detail Regarding debt securities
NL-30-Ana Rat IRDA Periodic Disclosures
FORM NL-30 Analytical Ratios
Insurer: Tata AIG General Insurance Co. Ltd. Date: 31-Mar-10
(Rs in Lakhs)
Sl.No. ParticularYear Ended March
31, 2010Fire Marine Miscellaneous
Year Ended March
31, 2009Fire Marine Miscellaneous
1 Gross Premium Growth Rate 1.55% -3.09% 2.94% 2.43% 9.46% 22.26% 13.33% 6.19%
2 Gross Premium to shareholders' fund ratio 272.19% 285.86%
3 Growth rate of shareholders'fund 6.65% 27.46%
4 Net Retention Ratio 59.69% 11.13% 56.01% 71.34% 61.40% 14.02% 52.68% 74.22%
5 Net Commission Ratio 3.84% -109.18% 2.29% 8.05% 3.37% -110.68% -1.19% 9.09%
6 Expense of Management to Gross Direct Premium Ratio 29.30% 7.95% 21.98% 35.86% 32.63% 10.58% 23.44% 40.07%
7 Combined Ratio 74.16% 48.15% 92.28% 77.09% 76.55% 70.83% 107.89% 72.79%
8 Technical Reserves to net premium ratio 125.08% 167.77% 113.76% 125.04% 98.91% 108.95% 100.60% 98.26%
9 Underwriting balance ratio -13.57% 100.43% -18.81% -16.93% -9.73% 82.33% -38.76% -10.53%
10 Operationg Profit Ratio -2.62% 123.63% -10.91% -6.02% -1.41% 99.26% -31.88% -2.43%
11 Liquid Assets to liabilities ratio 10.34% 10.81%
12 Net earning ratio 1.15% 0.72%
13 return on net worth ratio 1.88% 1.27%
14Available Solvency argin Ratio to Required Solvency
Margin Ratio
15 NPA Ratio
Gross NPA Ratio
Net NPA Ratio
1 (a) No. of shares 300,000,000 300,000,000
2 (b) Percentage of shareholding (Indian / Foreign) 74% 74%
3( c) %of Government holding (in case of public sector
insurance companies) - -
4(a) Basic and diluted EPS before extraordinary items (net of
tax expense) for the period (not to be annualized)0.22 0.16
5(b) Basic and diluted EPS after extraordinary items (net of
tax expense) for the period (not to be annualized)0.22 0.16
6 (iv) Book value per share (Rs) 10 10
PERIODIC DISCLOSURES
Analytical Ratios for Non-Life companies
Equity Holding Pattern for Non-Life Insurers
Page 23 of 27
NL-31-Rel Par IRDA Periodic Disclosures
Insurer: Tata AIG General Insurance Co Ltd Date: 31.03.2010
(Rs in Lakhs)
2009-10 2008-09
1Infiniti Retail Limited (formerly Value
Electronics Limited)Fellow Subsidiary Receiving of Services 9 22
2Tata AIG Life Insurance Company
Limited Fellow Subsidiary Receiving of Services 211 357
3Tata Business Support Services
Limited Fellow Subsidiary Receiving of Services 199 438
4 Tata Consultancy Services Limited Fellow Subsidiary Receiving of Services 200 546
5Tata Teleservices (Maharashtra)
Limited Fellow Subsidiary Receiving of Services 42 79
6 Tata Teleservices Limited Fellow Subsidiary Receiving of Services 31 74
7TC Travel And Services Limited
(W.E.F. 15.10.08)Fellow Subsidiary Receiving of Services 57 33
8 Tata Sons Ltd Holding Company Receiving of Services - 1
9Tata AIG Life Insurance Company
Limited Fellow Subsidiary Services Provided 84 206
1021st Century Infra Tele Limited
(W.E.F. 01.07.08)Fellow Subsidiary Premium Income 0 -
11 CMC Limited Fellow Subsidiary Premium Income 1 2
12Computational Research Laboratories
Limited Fellow Subsidiary Premium Income 12 23
13Concept Marketing and Advertising
LimitedFellow Subsidiary Premium Income 0 0
14 Ewart Investments Limited Fellow Subsidiary Premium Income 1 -
15Infiniti Retail Limited (formerly Value
Electronics Limited)Fellow Subsidiary Premium Income 465 16
16TRIL Roads Private Limited (formerly
Navinya Buildcon Private Limited)Fellow Subsidiary Premium Income
0 -
17Nova Integrated Systems Limited
(W.E.F. 26.09.08)Fellow Subsidiary Premium Income 0 -
18Tata Advanced Systems Limited
(W.E.F. 26.09.08)Fellow Subsidiary Premium Income 7 -
19Tata AIG Life Insurance Company
Limited Fellow Subsidiary Premium Income 69 123
20 Tata Asset Management Limited Fellow Subsidiary Premium Income 46 2
21Tata Business Support Services
Limited Fellow Subsidiary Premium Income 12 36
22Tata Capital Housing Finance Limited
(W.E.F. 15.10.08)Fellow Subsidiary Premium Income 0 -
23 Tata Capital Limited Fellow Subsidiary Premium Income 13 6
24 Tata Capital Markets Limited Fellow Subsidiary Premium Income 0 -
25 Tata Consultancy Services Limited Fellow Subsidiary Premium Income 647 469
26Tata Housing Development Company
Limited (formerly THDC Limited)Fellow Subsidiary Premium Income
7 -
27 Tata Internet Services Limited Fellow Subsidiary Premium Income 2 2
28 Tata Limited Fellow Subsidiary Premium Income 60 -
29 Tata Petrodyne Limited Fellow Subsidiary Premium Income 1 1
30 Tata Realty and Infrastructure Limited Fellow Subsidiary Premium Income 5 3
31 Tata Securities Limited Fellow Subsidiary Premium Income 2 2
32 Tata Sky Limited Fellow Subsidiary Premium Income 6 0
33 Tata Sons Limited Holding Company Premium Income 130 9
34Tata Teleservices (Maharashtra)
Limited Fellow Subsidiary Premium Income 0 -
35 Tata Teleservices Limited Fellow Subsidiary Premium Income 95 48
36TC Travel And Services Limited
(W.E.F. 15.10.08)Fellow Subsidiary Premium Income 34 -
37
Tata Consulting Engineers Limited
(formerly TCE Consulting Engineers
Limited)
Fellow Subsidiary Premium Income2 1
38
TCS e-Serve Limited (Formerly
Citigroup Global Services Limited)
(w.e.f. 31.12.08 )
Fellow Subsidiary Premium Income1 -
39 Wireless TT Info Services Limited Fellow Subsidiary Premium Income 1 -
40 C-Edge Technologies Ltd. Fellow Subsidiary Premium Income - 0
41 TRIF Investment Management Limited Fellow Subsidiary Premium Income - 19
42Infiniti Retail Limited (formerly Value
Electronics Limited)Fellow Subsidiary Claims Paid 22 0
43Tata AIG Life Insurance Company
Limited Fellow Subsidiary Claims Paid 13 76
44 Tata Asset Management Limited Fellow Subsidiary Claims Paid 10 -
45Tata Business Support Services
Limited Fellow Subsidiary Claims Paid 1 1
46Tata Capital Limited (formerly Primal
Investment and Finance Limited)Fellow Subsidiary Claims Paid
1 -
47 Tata Consultancy Services Limited Fellow Subsidiary Claims Paid 24 13
48Tata Housing Development Company
Limited (formerly THDC Limited)Fellow Subsidiary Claims Paid
0 -
49 Tata Limited Fellow Subsidiary Claims Paid 2 -
50 Tata Realty and Infrastructure Limited Fellow Subsidiary Claims Paid 1 -
51 Tata Securities Limited Fellow Subsidiary Claims Paid 0 0
52 Tata Sky Limited Fellow Subsidiary Claims Paid 1 -
53 Tata Sons Limited Holding Company Claims Paid 1 1
54 Tata Teleservices Limited Fellow Subsidiary Claims Paid 43 25
55TC Travel And Services Limited
(W.E.F. 15.10.08)Fellow Subsidiary Claims Paid 2 -
56 Wireless TT Info Services Limited Fellow Subsidiary Claims Paid 9 -
57Tata Business Support Services
Limited Fellow Subsidiary
Amount due to the
entity 69 -
58 Tata Consultancy Services Limited Fellow SubsidiaryAmount due to the
entity 31 43
59 Tata Sky Limited Fellow SubsidiaryAmount due to the
entity 3 -
60 Tata Teleservices Limited Fellow SubsidiaryAmount due to the
entity 5 0
61Infiniti Retail Limited (Formerly Value
Electronics Limited)Fellow Subsidiary
Amount due to the
entity - 0
62Tata Teleservices (Maharashtra)
LimitedFellow Subsidiary
Amount due to the
entity - 11
63TC Travel& Services Limited (W.E.F.
15.10.08)Fellow Subsidiary
Amount due to the
entity - 4
64Tata AIG Life Insurance Company
Limited Fellow Subsidiary
Amount due from the
entity 13 17
65 Tata Sons Ltd Holding CompanyIssue of equity share
capital - 5,550
66AIG Memsa Holding Inc. (Now known
as Chartis Memsa Holding Inc.)
Company having
Substantial Interest
Issue of equity share
capital- 1,950
67 Mr. Gaurav GargKey Management
Personnel Remuneration Paid 166 151
PERIODIC DISCLOSURESFORM NL-31
Related Party Transactions
Sl.No. Name of the Related PartyNature of Relationship
with the Company
Description of
Transactions /
Categories
Consideration paid / received
FORM NL-35-NON PERFORMING ASSETS-7A
Company Name & Code: Tata AIG General Insurance Co. Ltd. - Code 108
Statement as on:31-Mar-10
Details of Investment Portfolio
Periodicity of Submission : Quarterly
%
Has there
been
revision?
AmountBoard
Approval Ref
CERTIFICATION
Certified that the information given herein are correct and complete to the best of my knowledge and belief and nothing has been concealed or suppressed.
NIL
Name of the Fund
COI Company NameInstrument
Type
Interest Rate
Total O/s
(Book Value)
Default
Principal
(Book Value)
Default
Interest (Book
Value)
Principal
Due from
Interest Due
from
Deferred
Principal
Deferred
InterestProvision (Rs)
Rolled
Over?
Has there been any Principal
Waiver?
ClassificationProvision
(%)
FORM NL-36-YIELD ON INVESTMENTS 1
COMPANY NAME: Tata AIG General Insurance Company Limited
CODE : 108
STATEMENT AS ON : 31/03/2010
STATEMENT OF INVESTMENT AND INCOME ON INVESTMENT
PERIODICITY OF SUBMISSION : QUARTERLY Rs. In Lakhs
INVESTMENTINCOME
GROSS
YIELD
NET
YIELD
INVESTMENTINCOME
GROSS
YIELD
NET
YIELD
INVESTMENTINCOME
GROSS
YIELD
NET
YIELD
A. CENTRAL GOVERNMENT SECURITIES
A01 Central Government Bonds CGSB 33,969.89 572.76 6.52% 6.52% 33,969.89 2,171.88 6.52% 6.52% 16,456.21 1,238.40 6.20% 6.20%
A02 Special Deposits CSPD - - - -
A03 Deposit under Section 7 of Insurance Act, 1938 CDSS 1,516.57 25.26 6.56% 6.56% 1,516.57 100.71 6.56% 6.56% 1,538.31 100.73 6.60% 6.60%
A04 Treasury Bills CTRB - - 2.85% 2.85% - 8.61 2.85% 2.85% 0.00 67.82 6.89% 6.89%
-
B. GOVERNMENT SECURITIES/ OTHER APPROVED SECURITIES -
B01 Central Government Guaranteed Loans / Bonds CGSL 3,572.34 60.83 6.86% 6.86% 3,572.34 702.35 6.86% 6.86% 14,008.63 1,378.14 7.21% 7.21%
B02 State Government Bonds SGGB - - - - -
B03 State Government Guaranteed Loans SGGL - - - - -
B04 Other Approved Securities ( ex.infrastrtucture investments)SGOA - - - - -
B05 Guaranteed Equity SGGE - - - - -
- -
- -
C. HOUSING SECTOR INVESTMENTS - -
C01 Loans to State Government for Housing HLSH - - - - -
C02 Loans to State Government for Fire fighting equipment HLSF - - - - -
C03 Term Loan -Hudco/NHB/Institutions accredited by NHB HTLH - - - - -
C04 CP-NHB/Institutions accredited by NHB HTLN - - - - -
C05 Housing - Securitised Assets HMBS - - - - -
C06 Debentures / Bonds / CPs/Loans -Promoter group HDPG - - - - -
Taxable Bonds - -
C06 Bonds / Debentures issued by Hudco HTHD - - - - -
C07 Bonds / Debentures issued by NHB/Inst acc by NHB HTDN - - - - -
C08 Bonds/Deb isued by authority approved by Govt HTDA 11,510.28 281.72 8.30% 8.30% 11,510.28 935.96 8.30% 8.30% 6,936.12 737.75 9.25% 9.25%
Tax Free Bonds - -
C09 Bonds / Debentures issued by Hudco HFHD - - - - -
C10 Bonds / Debentures issued by NHB/Inst acc by NHB HFDN - - - - -
C11 Bonds/Deb isued by authority approved by Govt HFDA - - - - -
- -
D. INFRASTRUCTURE INVESTMENTS - -
D01 Infrastructure - Other Approved securities ISAS - - - - -
D02 Infrastructure - PSU- Equity Shares - Quoted ITPE - - - - -
D03 Infrastructure - Corporate Securities- Equity Shares - Qutd ITCE - - - - -
D04 Infrastructure - Equity and equity related instr.-Promoter IEPG - - - - -
D05 Infrastructure - Securitised Assets IESA - - - - -
D06 Infrastructure - Debentures / Bonds/ CPs/-Promoter IDPG - - - - -
Taxable Bonds - -
D07 Infrastructure - PSU- Debentures / Bonds IPTD 21,261.24 441.93 8.95% 8.95% 21,261.24 1,986.56 8.95% 8.95% 15,481.92 1,145.17 9.66% 9.66%
D08 Infrastructure - PSU- CPs IPCP - - - -
D09 Infrastructure - Other Corporate sec- Deb / Bonds ICTD 496.57 141.49 9.64% 9.64% 496.57 644.23 9.64% 9.64% 7,036.81 569.07 0.09 9.43%
D10 Infrastructure - Other Corporate sec- CPs ICCP - - - - -
D11 Infrastructure - Term Loans with charge ILWC - - - - -
Tax Free Bonds - -
D12 Infrastructure - PSU- Debentures / Bonds IPFD - - - - -
D13 Infrastructure - Other Corporate sec- Deb / Bonds ICFD - - - - -
E. INVESTMENT SUBJECT TO EXPOSURE NORMS - -
YEAR TO DATE 3/31/2009
NO. CATEGORY OF INVESTMENTCAT
CODE
CURRENT QUARTER
E01 PSU -Eq Shares quoted EAEQ 1,592.13 9.95 6.97% 6.97% 1,592.13 157.61 6.97% 6.97% 335.61 7.77 7.80% 7.80%
E02 Corp Sec -Eq Shares quoted EACE 4,514.74 8.93 6.97% 6.97% 4,514.74 419.96 6.97% 6.97% 971.97 65.37 7.80% 7.80%
E03 Eq.Sh-Co.incorporated outside india prior to IRDA reg EFES - - - - -
E04 Eq.Sh incl.equity related instru. - Promoter group EEPG - - - - -
E05 Corporate Sec- Bonds - Taxable EPBT 1,963.31 34.10 8.24% 8.24% 1,963.31 86.14 8.24% 8.24% 2,000.00 228.03 0.08 8.22%
E06 Corporate Sec- Bonds - Tax free EPBF - - - - - 0.99 7.80% 7.80%
E07 Corporate Sec- Preference Shares EPNQ - - - - -
E08 Corporate Sec- Inv in subsidiaries ECIS - - - - -
E09 Corporate Sec- Debentures ECOS - - - - -
E10 Corporate Sec- Debentures/Bonds/CPs/Loan-Promoter EDPG - - - - -
E11 Corporate Sec- Derivative Instruments ECDI - - - - -
E12 Inv.Properties - Immovable EINP - - - - -
E13 Loans - Policy Loans ELPL - - - - -
E14 Loans - Sec loans - Property Mortgage term loan in India ELMI - - - - -
E15 Loans - Sec loans - Property Mortgage term loan o/India ELMO - - - - -
E16 Deposit -with Sch bk,Fis,CCIL,RBI ECDB - - - - -
E17 Deposit -CDs with Sch bk EDCD (0.00) - 7.64% 7.64% (0.00) 289.47 7.64% 7.64% 6,185.30 258.19 8.00% 8.00%
E18 Deposit - Repo / Reverse Repo ECMR 4,995.36 27.16 4.14% 4.14% 4,995.36 98.51 4.14% 4.14% 0.00 235.13 5.10% 5.10%
E19 Deposit with PDs duly recognised by RBI EDPD - - - - -
E20 CCIL-CBLO ECBO - - - - -
E21 Commercial Papers ECCP - - - - (0.00) 100.49 0.12 12.21%
E22 Application Money ECAM - - - - -
E23 Perpetual Debt Tier I & II - PSU Banks EUPD - - - - -
E24 Perpetual Debt Tier I & II - NON-PSU Banks EPPD - - - - -
E25 - - - - -
E26 - - - - -
E27 Foreign Debt Sec prior to IRDA reg EFDS - - - - -
E28 MF - Gilt / Gsec / Liquid EGMF - - - - -
E29 MF - Promoters group EMPG - - - - -
E30 Net Current Assets ( ULIP Only ) ENCA - - - - -
F. OTHER INVESTMENTS - -
F01 Bonds - PSU - Taxable OBPT 204.49 - 8.57% 8.57% 204.49 13.68 8.57% 8.57% 206.50 17.50 8.51% 8.51%
F02 Bonds - PSU - Tax Free OBPF - - - -
F03 Eq.Shares OESH - - 6.97% 6.97% - 60.57 6.97% 6.97% 285.92 10.09 7.80% 7.80%
F04 Eq.Shares ( PSU and unlisted) OEPU - - - - -
F05 Eq.Sh incl.equity related instru. - Promoter group OEPG - - - - -
F06 Debentures OLDB - - - - -
F07 Debentures / Bonds / CPs / Loans - Promoter ODPG - - - - -
F08 Commercial Papers OACP - - - - -
F09 Preference Shares OPSH - - - - -
F10 Venture Fund OVNF - - - - -
F11 Short Term Loans - Unsecured Deposits OSLU - - - - -
F12 Term Loans OTLW - - - - -
F13 MF - Debt / Income / Liq OMGS - - - - 2.03 7.80% 7.80%
F14 MF - Under Promoters group OMPG - - - - -
F15 Derivative Instruments OCDI - - - - -
F16 Securitised Assets OPSA - - - - -
F17 Investment properties - Immovable OIPI - - - - -
Total 85,596.93 1,604.12 85,596.93 7,676.24 71,443.29 6,162.68
CERTIFICATION
Certified that the information given herein are correct and complete to the best of my knowledge and belief and nothing has been concealed or suppressed
DATE :15/06/2010
Note: Previous years figures are linked to the old FORM 1 as submitted last year
Curr.Qtr Investment Fig is of date while curr.qtr income is for the period from Jan10- Mar10
FORM NL-37-DOWN GRADING OF INVESTMENT-2
COMPANY NAME: Tata AIG General Insurance Company Limited
CODE : 108
STATEMENT AS ON : 31/03/2010
STATEMENT OF DOWN GRADED INVESTMENTS
PERIODICITY OF SUBMISSION : QUARTERLY Rs. In Lakhs
NO PARTICULARS OF INVESTMENTCAT
CODE
AMOUNT (AS
PER BALANCE
SHEET)
DATE OF
PURCHASE
RATING
AGENCY
ORIGINAL
GRADECURRENT GRADE
DATE OF
DOWNGRADEREMARKS
A. DURING THE QUARTER :
B. AS ON DATE :
1 9.75% HUDCO Bonds 2012 OBPT 204.49 8/29/2002 CRISIL AA+ AA- 6/1/2003 Downgrade
CERTIFICATION
Certified that the information given herein are correct and complete to the best of my knowledge and belief and nothing has been concealed or suppressed
NIL
FORM NL-39 Rural & Social Obligations
Insurer: Tata AIG General Insurance Co Ltd Date: 31.03.2010
(Rs in Lakhs)
Sl.No. Line of Business Particular No. of Policies Issued Premium Collected Sum Assured
Rural 779 721
Social
Rural 268 551
Social
Rural - -
Social
Rural 76,186 2,602
Social
Rural 20 31
Social
Rural 421 23
Social
Rural 183 224
Social
Rural
Social
Rural 5,209 425
Social 90 13
Rural 3,467 1,540
Social
Rural 8,999 421
Social
*any other segment contributing more than 5% needs to be shown separately
PERIODIC DISCLOSURES
Rural & Social Obligations
1 Fire
2 Cargo & Hull
3 Motor TP
4 Motor OD
5 Engineering
6 Workmen's Compensation
7 Employer's Liability
8 Aviation
9 Personal Accident
10 Health
11 Others*