NAME OF THE INSURER: MAX LIFE INSURANCE COMPANY … no description pages l-24 valuation of net...

Form No Description PagesL-24 VALUATION OF NET LIABILITIES 2

L-25 GEOGRAPHICAL DISTRIBUTION OF BUSINESS- GROUP & INDIVIDUAL 3-6

L-26 INVESTMENT ASSETS 7-8

L-27 ULIP LINKED BSNS 9-13

L-28 ULIP NAV 14

L-29 DEBT SECURITIES 15

L-30 RELATED PARTY TRANSACTIONS 16

L-31 BOARD OF DIRECTORS 17

L-32 SOLVENCY MARGIN 18

L-33 NPAs 19-21

L-34 YIELD ON INVESTMENT 22-24

L-35 DOWNGRADING OF INVESTMENT 25-27

L-36 BSNS NUMBERS 28-29

L-37 BSNS ACQUSITION (GROUP) 30

L-38 BSNS ACQUSITION (INDIVIUDAL) 31

L-39 CLAIMS AGEING 32-33

L-40 CLAIMS DATA 34-35

L-41 GRIEVANCES (LIFE) 36-37

L-42 VALUATION BASIS (LIFE) 38-39

NAME OF THE INSURER: MAX LIFE INSURANCE COMPANY LIMITED

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

Other Disclosures For The Period Ended June '17

PERIODIC DISCLOSURES

FORM L-24 VALUATION OF NET LIABILITIES


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

(In Rs '000)

S.No. Particulars As at 30 June 2017 As at 31 March 2017

1 Linkeda Life 141,627,155 137,737,832

b General Annuity - -

c Pension 18,553,423 18,171,678

d Health - -

2 Non-Linkeda Life 255,992,087 245,921,866

b General Annuity 1,121,955 1,098,001

c Pension 639,559 644,677

d Health 69,075 72,593

Valuation of net liabilities


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



For the quarter ending 30th June 17

No. of Policies No. of Lives Premium (Rs

Crs)

Sum Assured

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

Premium (Rs

Crs)

Sum Assured


Premium (Rs

Crs)

Sum Assured

(Rs Crs)

1 Andhra Pradesh 697 683 4 87 2,914 2,814 21 390 3,611 3,497 26 476

2 Arunachal Pradesh 11 10 0 2 33 33 0 5 44 43 1 7

3 Assam 254 245 1 15 873 842 5 71 1,127 1,087 7 86

4 Bihar 539 524 3 44 1,078 1,041 6 101 1,617 1,565 9 144

5 Chattisgarh 451 435 2 37 712 686 4 74 1,163 1,121 6 111

6 Goa 141 132 1 14 647 616 4 71 788 748 5 85

7 Gujarat 1,447 1,412 7 138 5,742 5,473 45 797 7,189 6,885 53 935

8 Haryana 2,129 2,045 9 1,068 17,937 16,952 49 14,430 20,066 18,997 58 15,497

9 Himachal Pradesh 132 130 1 12 266 259 1 29 398 389 2 41

10 Jammu & Kashmir 67 65 0 5 361 339 2 34 428 404 2 38

11 Jharkhand 295 283 2 28 776 733 5 82 1,071 1,016 7 110

12 Karnataka 948 918 5 104 3,087 2,938 25 415 4,035 3,856 31 519

13 Kerala 320 307 2 29 1,670 1,575 13 183 1,990 1,882 15 212

14 Madhya Pradesh 788 766 3 56 2,442 2,360 12 226 3,230 3,126 15 282

15 Maharashtra 2,024 1,968 11 245 9,043 8,573 77 1,516 11,067 10,541 88 1,761

16 Manipur 28 27 0 3 102 99 1 8 130 126 1 11

17 Meghalaya 24 23 0 1 76 72 1 6 100 95 1 7

18 Mirzoram 1 1 0 0 35 35 0 3 36 36 0 3

19 Nagaland 31 30 0 3 152 141 1 17 183 171 1 20

20 Orissa 1,193 1,166 5 76 1,650 1,587 9 147 2,843 2,753 14 223

21 Punjab 1,250 1,218 6 81 2,062 1,995 14 205 3,312 3,213 21 286

22 Rajasthan 823 808 4 85 2,152 2,073 15 306 2,975 2,881 19 391

23 Sikkim 18 17 0 2 61 59 1 6 79 76 1 7

24 Tamil Nadu 816 789 5 80 4,028 3,803 32 559 4,844 4,592 37 639

25 Tripura 15 15 0 1 100 94 1 10 115 109 1 11

26 Telangana 143 135 1 26 795 722 8 167 938 857 9 193

27 Uttar Pradesh 1,635 1,588 8 132 6,155 5,810 39 729 7,790 7,398 47 861

28 UttraKhand 388 378 2 31 1,039 1,003 7 126 1,427 1,381 8 158

29 West Bengal 2,041 1,943 11 149 6,007 5,592 42 495 8,048 7,535 53 644

30 Andaman & Nicobar Islands 10 9 0 1 37 36 0 4 47 45 0 4

31 Chandigarh 57 57 0 5 418 397 3 55 475 454 3 60

32 Dadra & Nagrahaveli 1 1 0 0 17 17 0 2 18 18 0 2

33 Daman & Diu 6 6 0 0 29 29 0 3 35 35 0 3

34 Delhi 281 267 2 34 5,951 5,617 49 852 6,232 5,884 50 887

35 Lakshadweep - - 0 - - - - - - - - -

36 Puducherry 9 9 0 1 54 52 0 6 63 61 0 7

Company Total 19,013 18,410 97 2,594 78,501 74,467 495 22,128 97,514 92,877 592 24,722

*Premium amount is New Business premium only.

SI.No. State / Union Territory

Rural Urban Total Business


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




No. of Policies No. of Lives Premium

(Rs. Crs)

Sum Assured

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

Premium

(Rs. Crs)

Sum Assured


Premium

(Rs. Crs)

Sum Assured

(Rs. Crs)

1 Andhra Pradesh 640 627 3 61 2,487 2,481 17 333 3,127 3,108 20 394

2 Arunachal Pradesh 13 12 0 1 22 22 0 1 35 34 0 2

3 Assam 233 233 1 12 821 817 6 59 1,054 1,050 7 71

4 Bihar 436 431 2 32 1,009 1,007 6 82 1,445 1,438 8 114

5 Chattisgarh 356 354 2 27 624 624 3 55 980 978 5 81

6 Goa 200 182 1 17 631 593 4 63 831 775 5 80

7 Gujarat 1,379 1,351 7 132 5,281 5,151 37 720 6,660 6,502 44 853

8 Haryana 1,125 1,125 8 362 7,037 7,037 32 5,130 8,162 8,162 40 5,491

9 Himachal Pradesh 159 150 1 11 271 267 1 25 430 417 2 36

10 Jammu & Kashmir 62 62 0 3 354 347 2 28 416 409 2 32

11 Jharkhand 281 274 1 22 837 815 5 81 1,118 1,089 6 103

12 Karnataka 700 688 4 76 2,760 2,588 22 402 3,460 3,276 26 478

13 Kerala 262 247 2 24 1,156 1,110 9 118 1,418 1,357 11 142

14 Madhya Pradesh 636 632 2 38 2,199 2,192 10 211 2,835 2,824 12 249

15 Maharashtra 2,036 2,008 10 213 9,371 9,084 75 1,483 11,407 11,092 85 1,696

16 Manipur 14 14 0 1 71 71 0 5 85 85 1 6

17 Meghalaya 5 5 0 0 37 37 0 2 42 42 0 3

18 Mirzoram - - 0 - 10 10 0 0 10 10 0 0

19 Nagaland 6 6 0 0 74 72 0 5 80 78 1 5

20 Orissa 989 989 4 54 1,820 1,815 9 117 2,809 2,804 13 171

21 Punjab 878 878 4 60 1,667 1,643 11 202 2,545 2,521 16 262

22 Rajasthan 678 670 3 68 2,095 2,058 13 296 2,773 2,728 16 364

23 Sikkim 19 17 0 2 71 70 1 8 90 87 1 10

24 Tamil Nadu 629 604 3 60 3,574 3,455 28 475 4,203 4,059 32 535

25 Telangana 171 157 1 20 727 654 7 118 898 811 8 138

26 Tripura 10 10 0 1 92 92 1 5 102 102 1 6

27 Uttar Pradesh 1,260 1,233 6 102 5,253 5,093 30 555 6,513 6,326 36 657

28 UttraKhand 252 246 1 18 854 822 5 81 1,106 1,068 6 100

29 West Bengal 1,705 1,669 9 88 5,788 5,626 39 412 7,493 7,295 48 499

30 Andaman & Nicobar Islands 9 9 0 1 27 27 0 2 36 36 0 3

31 Chandigarh 39 35 0 5 377 369 3 53 416 404 3 58

32 Dadra & Nagrahaveli - - 0 - 15 14 0 3 15 14 0 3

33 Daman & Diu 6 6 0 0 27 27 0 2 33 33 0 2

34 Delhi 223 222 1 23 5,509 5,213 45 801 5,732 5,435 46 824

35 Lakshadweep - - - - - - - - - - - -

36 Puducherry 2 2 0 0 33 32 0 2 35 34 0 2

Company Total 15,413 15,148 77 1,535 62,981 61,335 423 11,934 78,394 76,483 500 13,470


SI.No. State / Union Territory

Rural Urban Total Business


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




No. of Policies No. of Lives Premium (Rs

Crs)

Sum Assured (Rs

Crs)No. of Policies No. of Lives

Premium (Rs

Crs)

Sum Assured


Premium (Rs

Crs)

Sum Assured

(Rs Crs)

1 Andhra Pradesh - - - - 3 1,136 0 99 3 1,136 0 99

2 Arunachal Pradesh - - - - - - - - - - - -

3 Assam - - - - - - - - - - - -

4 Bihar - - - - - - - - - - - -

5 Chattisgarh - - - - - - - - - - - -

6 Goa - - - - 1 - 0 9 1 - 0 9

7 Gujarat - - - - 11 826 0 5 11 826 0 5

8 Haryana - - - - 22 3,609 1 602 22 3,609 1 602

9 Himachal Pradesh - - - - - - - - - - - -

10 Jammu & Kashmir - - - - - - - - - - - -

11 Jharkhand - - - - - - - - - - - -

12 Karnataka - - - - 39 12,662 1 1,236 39 12,662 1 1,236

13 Kerala - - - - - - - - - - - -

14 Madhya Pradesh - - - - - - - - - - - -

15 Maharashtra - - - - 52 851,874 69 6,899 52 851,874 69 6,899

16 Manipur - - - - - - - - - - - -

17 Meghalaya - - - - - - - - - - - -

18 Mirzoram - - - - - - - - - - - -

19 Nagaland - - - - - - - - - - - -

20 Orissa - - - - - - - - - - - -

21 Punjab - - - - - - - - - - - -

22 Rajasthan - - - - - - - - - - - -

23 Sikkim - - - - - - - - - - - -

24 Tamil Nadu - - - - 19 2,185 1 253 19 2,185 1 253

25 Tripura - - - - - - - - - - - -

26 Telangana - - - - 14 362 0 39 14 362 0 39

27 Uttar Pradesh - - - - 4 37 0 12 4 37 0 12

28 UttraKhand - - - - - - - - - - - -

29 West Bengal - - - - - - - - - - - -

30 Andaman & Nicobar Islands - - - - - - - - - - - -

31 Chandigarh - - - - - - - - - - - -

32 Dadra & Nagrahaveli - - - - - - - - - - - -

33 Daman & Diu - - - - - - - - - - - -

34 Delhi - - - - 11 (99) 1 (4) 11 (99) 1 (4)

35 Lakshadweep - - - - - - - - - - - -

36 Puducherry - - - - - - - - - - - -

Company Total - - - - 176 872,592 73 9,150 176 872,592 73 9,150


S.No. State / Union Territory

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


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




No. of Policies No. of Lives Premium

(Rs. Crs)

Sum Assured


Premium

(Rs. Crs)

Sum Assured


Premium

(Rs. Crs)

Sum Assured

(Rs. Crs)

1 Andhra Pradesh - - - - 3 (33) (0) (1) 3 (33) (0) (1)

2 Arunachal Pradesh - - - - - - - - - - - -

3 Assam - - - - - - - - - - - -

4 Bihar - - - - - - - - - - - -

5 Chattisgarh - - - - - - - - - - - -

6 Goa - - - - 1 538 0 178 1 538 0 178

7 Gujarat - - - - 3 1,681 0 40 3 1,681 0 40

8 Haryana - - - - 39 14,231 6 1,465 39 14,231 6 1,465

9 Himachal Pradesh - - - - - - - - - - - -

10 Jammu & Kashmir - - - - - - - - - - - -

11 Jharkhand - - - - - - - - - - - -

12 Karnataka - - - - 68 33,231 5 7,835 68 33,231 5 7,835

13 Kerala - - - - - - - - - - - -

14 Madhya Pradesh - - - - 2 39 0 2 2 39 0 2

15 Maharashtra - - - - 51 244,255 54 3,913 51 244,255 54 3,913

16 Manipur - - - - - - - - - - - -

17 Meghalaya - - - - - - - - - - - -

18 Mirzoram - - - - - - - - - - - -

19 Nagaland - - - - - - - - - - - -

20 Orissa - - - - - - - - - - - -

21 Punjab - - - - - - - - - - - -

22 Rajasthan - - - - 2 48 0 4 2 48 0 4

23 Sikkim - - - - - - - - - - - -

24 Tamil Nadu - - - - 27 22,256 1 1,236 27 22,256 1 1,236

25 Telangana - - - - 28 22,431 1 2,034 28 22,431 1 2,034

26 Tripura - - - - - - - - - - - -

27 Uttar Pradesh - - - - 9 (3,742) 0 (181) 9 (3,742) 0 (181)

28 UttraKhand - - - - 1 (9) (0) (1) 1 (9) (0) (1)

29 West Bengal - - - - 1 11 0 0 1 11 0 0

30 Andaman & Nicobar Islands - - - - - - - - - - - -

31 Chandigarh - - - - - - - - - - - -

32 Dadra & Nagrahaveli - - - - - - - - - - - -

33 Daman & Diu - - - - - - - - - - - -

34 Delhi - - - - 28 3,637 2 546 28 3,637 2 546

35 Lakshadweep - - - - - - - - - - - -

36 Puducherry - - - - - - - - - - - -

Company Total - - - - 263 338,574 70 17,070 263 338,574 70 17,070


S.No. State / Union Territory

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


L-26-INVESTMENT ASSETS - 3A PART ANAME OF THE INSURER: MAX LIFE INSURANCE COMPANY LIMITED

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

STATEMENT AS ON: June 30, 2017

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

No Particulars SCH Amount Particulars Amount1 Investments (Shareholders) 8 2,888 Total Investment Assets as per Balance Sheet 45,870

Investments (Policyholders) 8A 26,964 Investments (Linked Liabilities) 8B 16,018 Balance Sheet Value of :

2 Loans 9 158 A. Life Fund 28,998 3 Fixed Assets 10 153 B. Pension & General Annuity Fund 854 4 Current Assets C. Unit Linked Funds 16,018

a. Cash & Bank Balance 11 211 b. Advances & Other Assets 12 1,171

5 Current Liabilities

a. Current Liabilities 13 (1,294) b. Provisions 14 (36) c. Misc. Exp not Written Off 15 - d. Debit Balance of P&L A/c - Application of Funds as per Balance Sheet 46,233 TOTAL (A) 46,233

Less: Other Assets SCH Amount1 Loans (if any) 9 158 2 Fixed Assets (if any) 10 153 3 Cash & Bank Balance (if any) 11 211 4 Advances & Other Assets (if any) 12 1,171 5 Current Liabilities 13 (1,294) 6 Provisions 14 (36) 7 Misc. Exp not Written Off 15 - 8 Investments held outside India - 9 Debit Balance of P&L A/c -

TOTAL (B) 363 Investment Assets (A-B) 45,870


L-26-INVESTMENT ASSETS - 3A PART ANAME OF THE INSURER: MAX LIFE INSURANCE COMPANY LIMITED


STATEMENT AS ON: June 30, 2017Section II

NON LINKED BUSINESS In Rs Crores

Balance FRSM+ UL-Non Unit

ResPAR NON PAR

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

(a+b+c+d+e)

1 G. Sec Not less than

25% - 302 263 14,925 1,885 17,375 60.73% - 17,375 18,911

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

50% - 1,059 297 15,577 2,190 19,123 66.83% - 19,123 20,732

3 Investment Subject to Excposure Norms

a. Housing & Infrastructure

1. Approved Investments - 882 98 3,281 520 4,781 16.71% 47 4,828 5,065

2. Other Investments - - - 16 - 16 0.05% 2 18 18

b. i) Approved Investments - 938 124 3,084 476 4,622 16.15% 329 4,951 4,990

ii) "Other Investments" not to exceed 15% - 3 - 69 - 72 0.25% 7 79 79

TOTAL LIFE FUND 100% - 2,882 518 22,026 3,186 28,613 100.00% 385 28,998 30,883

Book Value Actual % FVC Amount

PAR NON PAR

(a) (b) (c)=(a)+(b) (d) (e) (f)= (c)+(e) (g)1 G. Sec 56 351 407 47.73% - 407 441

2 G. Sec or Other Approved Securities (incl 1 Above) 64 488 552 64.74% - 552 591

3 Investment Subject to Excposure Norms 17 284 301 35.26% 1 302 314

TOTAL PENSION , GENERAL ANNUITY FUND 81 772 853 100.00% 1 854 905

LINKED BUSINESS

PAR NON PAR

(a) (b) (c)=(a)+(b) (d) 1 Approved Investment - 15,293 15,293 95.47%

2 Other Investments - 725 725 4.53%

TOTAL LINKED INSURANCE FUND - 16,018 16,018 100.00%

CERTIFICATION

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

DATE: 12-Jul-17 Signature: sd/-

Full Name: Rajesh Sud / Mihir Vora

Designation: Chief Executive Officer/ Chief Investment Officer

Note: 1. (+) FRSM refers to 'Funds Reprsenting solvency margin'

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

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

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

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

Book Value

(SH+PH)Actual %

C. LINKED FUNDS % as per Reg

FVC

AmountTotal Fund Market Value

Not less than

15%

Not exceeding

35%

B. PENSION AND GENERAL ANNUITY FUND % as per RegPH

Total FundMarket

Value

A. LIFE FUND % as per Reg

SH PH

Actual %

Not less than 20%

Not less than 40%

Not exceeding 60%

100%

Not less than 75%

Not exceeding 25%

100%

PH Total Fund


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




In Rs Crores

Opening Balance (Market Value) 158 590 12 68 418 202 Add: Inflow During the Quarter 3 11 0 2 7 22 Increase / (Decrease) Value of Inv. (Net) 5 17 0 2 14 5 Less: Outflow during the Quarter 8 32 1 3 23 19 TOTAL INVESTIBLE FUNDS (MKT VALUE) 157 586 12 69 415 210

Investment Of Unit FundActual Inv. % Actual Actual Inv. % Actual Actual Inv. % Actual Actual Inv. % Actual Actual Inv. % Actual Actual Inv. % Actual

Approved Investments (>=75%)

Central Govt Securities 36 22.94% 108 18.41% 5 40.82% 28 41.14% - 0.00% 131 62.14%State Government Securities 17 10.92% 22 3.80% 2 15.33% 8 11.14% - 0.00% 14 6.46%Other Approved Securities 1 0.35% - 0.00% - 0.00% 0 0.52% - 0.00% 1 0.36%Corporate Bonds 14 8.91% 35 5.93% 1 7.42% 8 11.86% - 0.00% 16 7.52%Infrastructure Bonds 33 21.11% 54 9.13% 3 22.98% 22 32.81% - 0.00% 13 6.22%Equity* 50 31.67% 308 52.45% 1 10.74% - 0.00% 359 86.34% 24 11.54%Money Market Instruments 0 0.22% 6 1.04% 0 0.92% 0 0.49% 27 6.41% 8 3.65%Mutual funds - 0.00% 16 2.79% - 0.00% - 0.00% - 0.00% - 0.00%Deposit with Banks - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00%

Sub Total (A) 151 96.12% 549 93.55% 12 98.21% 67 97.95% 385 92.76% 206 97.88%Current Assets:

Accrued Interest 3 1.74% 5 0.92% 0 1.61% 1 1.75% 0 0.00% 2 1.19%Dividend Receivable 0 0.07% 1 0.14% 0 0.03% - 0.00% 1 0.22% 0 0.02%Bank Balance 0 0.00% 0 0.03% 0 0.00% 0 0.00% 0 0.00% 0 0.00%Receivable for Sale of Investments 2 1.04% 18 3.03% 0 0.59% 0 0.45% 1 0.24% 1 0.48%Other Current Assets (for Investments) 0 0.17% 1 0.15% - 0.00% 0 0.30% - 0.00% - 0.00%Less: Current Liabilities

Payable for Investments 0 0.31% 2 0.42% 0 0.40% 0 0.45% - 0.00% 1 0.38%Other current liabilites (for Investments) - 0.00% - 0.00% 0 0.12% - 0.00% 1 0.31% 0 0.21%Fund Mgmt Charges Payable - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00%

Sub Total (B) 4 2.70% 23 3.85% 0 1.71% 1 2.05% 1 0.15% 2 1.11%Other Investments (<=25%)

Corporate Bonds - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00%Infrastructure Bonds - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00%Equity 2 1.18% 15 2.59% 0 0.08% - 0.00% 21 5.06% 2 1.01%Money Market - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00%Others - 0.00% - 0.00% - 0.00% - 0.00% 8 2.03% - 0.00%

Sub Total (C) 2 1.18% 15 2.59% 0 0.08% - 0.00% 29 7.09% 2 1.01%Total (A+B+C ) 157 100.00% 586 100.00% 12 100.00% 69 100.00% 415 100.00% 210 100.00%

157 100.00% 586 100.00% 12 100.00% 69 100.00% 415 100.00% 210 100.00%

DATE: 12-July-2017

1.The aggregate of all the above Segregated Unit Fund should tally with item C of Form 3A

(Part A) , for both Par & Non Par Business2. Details of item 12 of Form LB 2 of IRDA ( Actuarial Report ) Regulation ,2000 shall be

reconciled with FORM 3A ( Part B)

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

4. * Equity includes Preference Shares

Pension PreserverPension Balanced Fund Pension Growth Fund Pension Conservative Fund Pension Secured Fund Pension Growth Super Fund

ULIF01815/02/13PENSPRESER104ULIF00625/11/05PENSBALANC104 ULIF00525/11/05PENSGROWTH104 ULIF00725/11/05PENSCONSER104 ULIF00825/11/05PENSSECURE104 ULIF01213/08/07PENSGRWSUP104Particulars

Pension Balanced Fund Pension Growth Fund Pension Conservative Fund Pension Secured Fund Pension Growth Super Fund Pension Preserver






Opening Balance (Market Value)

Add: Inflow During the Quarter

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

Less: Outflow during the Quarter

TOTAL INVESTIBLE FUNDS (MKT VALUE)

Investment Of Unit Fund


Central Govt Securities

State Government Securities

Other Approved Securities

Corporate Bonds

Infrastructure Bonds

Equity*

Money Market Instruments

Mutual funds

Deposit with Banks

Sub Total (A)

Current Assets:

Accrued Interest

Dividend Receivable

Bank Balance

Receivable for Sale of Investments

Other Current Assets (for Investments)

Less: Current Liabilities

Payable for Investments

Other current liabilites (for Investments)

Fund Mgmt Charges Payable

Sub Total (B)

Other Investments (<=25%)

Corporate Bonds


Equity

Money Market

Others

Sub Total (C)

Total (A+B+C )

DATE: 12-July-2017






Particulars

In Rs Crores

211 45 1,705 28 27 55

27 19 91 1 0 1

7 1 51 1 1 2

17 4 107 1 1 0

229 61 1,740 29 27 57

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

93 40.79% 42 68.52% 443 25.46% 11 39.17% 7 25.15% 27 46.50%

10 4.41% 0 0.00% 73 4.17% 3 9.56% 1 2.91% 8 13.99%

1 0.22% 0 0.00% 2 0.12% - 0.00% - 0.00% 0 0.42%

10 4.36% 0 0.00% 84 4.81% 2 6.33% 2 6.28% 7 12.64%

16 6.84% 0 0.00% 141 8.09% 5 15.72% 3 12.74% 8 14.50%

68 29.95% 0 0.00% 810 46.57% 6 21.39% 13 48.29% - 0.00%

23 10.01% 21 33.97% 85 4.88% 2 6.04% 0 1.59% 6 10.29%

- 0.00% 0 0.00% 16 0.94% - 0.00% - 0.00% - 0.00%

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

221 96.58% 62 102.49% 1,653 95.03% 28 98.20% 26 96.95% 56 98.32%

2 0.91% 1 1.06% 15 0.85% 0 1.28% 0 1.24% 1 1.70%

0 0.09% 0 0.00% 2 0.12% 0 0.06% 0 0.12% - 0.00%

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

2 0.68% 0 0.00% 23 1.34% 0 0.46% 0 0.51% 0 0.45%

1 0.29% 3 5.09% 5 0.30% - 0.00% 0 0.00% - 0.00%

1 0.27% 5 8.64% 10 0.57% 0 0.34% 0 0.22% 0 0.45%

- 0.00% 0 0.00% 2 0.10% 0 0.54% - 0.00% 0 0.03%

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

4 1.71% -2 -2.49% 34 1.94% 0 0.92% 0 1.64% 1 1.68%

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

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

4 1.71% - 0.00% 44 2.54% 0 0.88% 0 1.41% - 0.00%

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

- 0.00% - 0.00% 8 0.48% - 0.00% - 0.00% - 0.00%

4 1.71% - 0.00% 53 3.02% 0 0.88% 0 1.41% - 0.00%

229 100.00% 61 100.00% 1,740 100.00% 29 100.00% 27 100.00% 57 100.00%

229 100.00% 61 100.00% 1,740 100.00% 29 100.00% 27 100.00% 57 100.00%

Pension Maximiser Discontinuance Policy Fund Pension Total Pension Group Gratuity Balanced fund Group Gratuity Growth fund

ULGF00317/04/06GRATCONSER104

Group Gratuity Conservative Fund

ULIF01715/02/13PENSMAXIMI104 ULIF01912/08/13PENSDISCON104 ULGF00217/04/06GRATBALANC104 ULGF00117/04/06GRATGROWTH104

Pension Maximiser Discontinuance Policy Fund Pension Total Pension Group Gratuity Balanced fund Group Gratuity Growth fund Group Gratuity Conservative Fund
















Corporate Bonds


Equity*


Mutual funds

Deposit with Banks

Sub Total (A)

Current Assets:

Accrued Interest

Dividend Receivable

Bank Balance







Sub Total (B)


Corporate Bonds


Equity

Money Market

Others

Sub Total (C)

Total (A+B+C )

DATE: 12-July-2017






Particulars

In Rs Crores

0 0 1 1 113 2,059

(0) 0 0 0 2 239

0 0 0 0 3 68

0 0 0 0 2 235

0 0 1 1 116 2,131


0 37.89% 0 27.92% 1 61.32% 1 71.19% 46 40.13% 643 30.15%

0 6.12% 0 0.45% 0 13.93% 0 8.96% 12 10.26% 197 9.26%

- 0.00% - 0.00% - 0.00% - 0.00% 0 0.21% 6 0.30%

0 12.71% - 0.00% 0 8.10% - 0.00% 11 9.41% 168 7.89%

0 9.68% - 0.00% 0 9.70% 0 2.05% 16 14.21% 374 17.53%

0 26.18% 0 53.84% - 0.00% - 0.00% 19 16.56% 576 27.00%

0 5.37% 0 16.29% 0 5.34% 0 17.01% 8 7.21% 1 0.03%

- 0.00% - 0.00% - 0.00% - 0.00% - 0.00% 97 4.55%

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

0 97.96% 0 98.51% 1 98.39% 1 99.22% 113 97.98% 2,061 96.72%

0 1.40% 0 0.19% 0 1.60% 0 0.78% 2 1.48% 28 1.33%

0 0.09% 0 0.13% - 0.00% - 0.00% 0 0.04% 2 0.08%

0 0.21% 0 0.25% 0 0.01% 0 0.01% 0 0.00% 1 0.04%

0 0.34% 0 0.23% 0 0.45% 0 0.45% 1 0.46% 17 0.79%

0 0.00% - 0.00% 0 0.00% - 0.00% 0 0.00% 1 0.05%

0 0.34% 0 0.23% 0 0.45% 0 0.45% 0 0.37% 20 0.93%

- 0.00% 0 0.01% - 0.00% 0 0.00% 0 0.15% 6 0.26%

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

0 1.70% 0 0.56% 0 1.61% 0 0.78% 2 1.47% 23 1.08%

- 0.00% - 0.00% - 0.00% - 0.00% - 0.00% 3 0.14%

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

0 0.34% 0 0.94% - 0.00% - 0.00% 1 0.55% 44 2.06%

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

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

0 0.34% 0 0.94% - 0.00% - 0.00% 1 0.55% 47 2.20%

0 100.00% 0 100.00% 1 100.00% 1 100.00% 116 100.00% 2,131 100.00%

0 100.00% 0 100.00% 1 100.00% 1 100.00% 116 100.00% 2,131 100.00%

ULIF00225/06/04LIFEBALANC104

Group Superannuation Balanced Fund Group Superannuation Growth Fund Group Superannuation Conservative Fund Group Gratuity Bond Fund Total Group Fund Balanced Fund

ULGF00523/01/07SANNBALANC104 ULGF00423/01/07SANNGROWTH104 ULGF00623/01/07SANNCONSER104 ULGF00707/02/13GRATPLBOND104

Group Superannuation Conservative Fund Group Gratuity Bond Fund Total Group Fund Balanced FundGroup Superannuation Growth FundGroup Superannuation Balanced Fund
















Corporate Bonds


Equity*


Mutual funds

Deposit with Banks

Sub Total (A)

Current Assets:

Accrued Interest

Dividend Receivable

Bank Balance







Sub Total (B)


Corporate Bonds


Equity

Money Market

Others

Sub Total (C)

Total (A+B+C )

DATE: 12-July-2017






Particulars

In Rs Crores

5,786 149 511 1 4 3,713

257 16 51 0 0 223

254 4 14 0 0 179

407 16 51 0 0 342

5,890 153 526 1 4 3,773


959 16.28% 77 50.37% 214 40.72% 1 62.82% 2 48.56% - 0.00%

256 4.35% 12 8.11% 63 12.00% 0 11.02% 0 9.86% - 0.00%

- 0.00% 1 0.39% 2 0.46% - 0.00% 0 0.24% - 0.00%

444 7.54% 9 5.84% 64 12.13% 0 10.99% 0 7.34% 1 0.04%

575 9.76% 29 19.30% 173 32.89% 0 3.50% 0 9.66% - 0.00%

2,925 49.66% 11 7.29% - 0.00% 0 5.03% 1 15.60% 3,131 82.98%

16 0.27% 10 6.80% 0 0.08% 0 5.33% 0 6.79% 1 0.03%

452 7.67% - 0.00% - 0.00% - 0.00% - 0.00% 236 6.25%

10 0.16% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00%

5,637 95.70% 150 98.11% 517 98.27% 1 98.70% 4 98.06% 3,369 89.30%

60 1.02% 2 1.30% 10 1.94% 0 0.99% 0 0.99% 0 0.00%

8 0.13% 0 0.02% - 0.00% 0 0.01% 0 0.04% 10 0.26%

1 0.02% 0 0.00% 0 0.00% 0 0.01% 0 0.00% 0 0.00%

13 0.22% 1 0.46% 2 0.45% 0 0.49% 0 0.90% 25 0.66%

2 0.03% 0 0.01% - 0.00% - 0.00% - 0.00% - 0.00%

21 0.36% 1 0.40% 2 0.45% 0 0.42% 0 0.38% 2 0.04%

8 0.13% - 0.00% 1 0.27% 0 0.04% 0 0.04% 21 0.55%

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

55 0.93% 2 1.38% 9 1.67% 0 1.05% 0 1.52% 13 0.33%

26 0.44% - 0.00% 0 0.06% - 0.00% - 0.00% - 0.00%

5 0.09% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00%

167 2.84% 1 0.52% - 0.00% 0 0.25% 0 0.42% 130 3.45%

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

- 0.00% - 0.00% - 0.00% - 0.00% - 0.00% 261 6.91%

199 3.37% 1 0.52% 0 0.06% 0 0.25% 0 0.42% 391 10.37%

5,890 100.00% 153 100.00% 526 100.00% 1 100.00% 4 100.00% 3,773 100.00%

5,890 100.00% 153 100.00% 526 100.00% 1 100.00% 4 100.00% 3,773 100.00%

Growth Super FundGrowth Fund Conservative Fund Secured Fund Guaranteed Fund-Income Guaranteed Fund-Dynamic

ULIF01108/02/07LIFEGRWSUP104ULIF00125/06/04LIFEGROWTH104 ULIF00325/06/04LIFECONSER104 ULIF00425/06/04LIFESECURE104 ULIF00904/10/06AMSRGUAINC104 ULIF01004/10/06AMSRGUADYN104

Growth Fund Conservative Fund Secured Fund Guaranteed Fund-Income Guaranteed Fund-Dynamic Growth Super Fund
















Corporate Bonds


Equity*


Mutual funds

Deposit with Banks

Sub Total (A)

Current Assets:

Accrued Interest

Dividend Receivable

Bank Balance







Sub Total (B)


Corporate Bonds


Equity

Money Market

Others

Sub Total (C)

Total (A+B+C )

DATE: 12-July-2017






Particulars

In Rs Crores

45 997 31 151 326 13,774 15,591

1 26 1 75 173 1,063 1,156

2 38 0 4 6 568 622

2 57 2 94 36 1,242 1,351

45 1,004 30 136 469 14,163 16,018

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

- 0.00% 188 18.70% - 0.00% 73 53.38% 320 68.36% 2,476 17.48% 2,966 18.51%

- 0.00% 77 7.71% - 0.00% 13 9.62% - 0.00% 620 4.38% 704 4.40%

- 0.00% 2 0.24% - 0.00% 1 0.42% - 0.00% 12 0.09% 15 0.09%

- 0.00% 50 5.01% - 0.00% 11 8.19% - 0.00% 748 5.28% 843 5.26%

- 0.00% 102 10.15% - 0.00% 35 25.56% - 0.00% 1,288 9.10% 1,445 9.02%

39 86.35% 537 53.50% - 0.00% - 0.00% - 0.00% 7,220 50.98% 8,049 50.25%

2 4.44% 9 0.93% 30 100.14% 4 3.01% 116 24.68% 190 1.34% 283 1.77%

- 0.00% - 0.00% - 0.00% - 0.00% 47 9.99% 831 5.87% 848 5.29%

- 0.00% - 0.00% - 0.00% - 0.00% - 0.00% 10 0.07% 10 0.06%

41 90.79% 967 96.23% 30 100.14% 136 100.19% 483 103.03% 13,396 94.59% 15,163 94.66%

0 0.00% 10 1.01% 0 0.01% 2 1.41% 6 1.19% 118 0.84% 135 0.84%

0 0.22% 1 0.15% - 0.00% - 0.00% - 0.00% 21 0.15% 23 0.14%

0 0.00% 0 0.00% 0 0.00% 0 0.00% 0 0.00% 2 0.02% 2 0.02%

- 0.00% 3 0.26% - 0.00% 1 0.79% - 0.00% 61 0.43% 85 0.53%

- 0.00% - 0.00% - 0.00% - 0.00% 27 5.84% 30 0.21% 35 0.22%

- 0.00% 5 0.47% - 0.00% 1 0.79% 47 10.05% 99 0.70% 109 0.68%

0 0.03% 1 0.12% 0 0.15% 2 1.60% - 0.00% 39 0.27% 41 0.25%

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

0 0.20% 8 0.83% (0) -0.14% (0) -0.19% (14) -3.03% 95 0.67% 131 0.82%

- 0.00% 1 0.10% - 0.00% - 0.00% - 0.00% 30 0.21% 30 0.19%

- 0.00% - 0.00% - 0.00% - 0.00% - 0.00% 5 0.04% 5 0.03%

4 9.01% 29 2.85% - 0.00% - 0.00% - 0.00% 375 2.65% 420 2.62%

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

- 0.00% - 0.00% - 0.00% - 0.00% - 0.00% 261 1.84% 269 1.68%

4 9.01% 30 2.95% - 0.00% - 0.00% - 0.00% 672 4.74% 725 4.53%

45 100.00% 1,004 100.00% 30 100.00% 136 100.00% 469 100.00% 14,163 100.00% 16,018 100.00%

45 100.00% 1,004 100.00% 30 100.00% 136 100.00% 469 100.00% 14,163 100.00% 16,018 100.00%

sd/-

Signature



Grand TotalHigh Growth Fund Dynamic Opportunity Fund Money Market Fund Secure Plus Fund Discontinuance Policy Fund individual Total Individual Fund

ULIF01311/02/08LIFEHIGHGR104 ULIF01425/03/08LIFEDYNOPP104 ULIF01528/04/09LIFEMONEYM104 ULIF01628/04/09LIFESECPLS104

Money Market Fund Secure Plus Fund Discontinuance Policy Fund individual

Total Individual Fund Grand TotalULIF02021/06/13LIFEDISCON104

Dynamic Opportunity FundHigh Growth Fund


FORM L-28-ULIP NAV Linked to Form 3A ( Part B)NAME OF THE INSURER: MAX LIFE INSURANCE COMPANY LIMITED



In Rs Crores

Assets Held NAV (Rs) NAV (Rs) As per

LB2 1 Group Gratuity Growth Fund ULGF00117/04/06GRATGROWTH104 17/04/2006 Non-Par 27 28.1230 28.1230 27.3725 25.7410 26.0195 24.1521 16.44% 11.10% 28.4096

2 Group Gratuity Balanced Fund ULGF00217/04/06GRATBALANC104 17/04/2006 Non-Par 29 29.7582 29.7582 28.9195 27.9411 27.8186 25.9871 14.51% 10.73% 29.9171

3 Group Gratuity Conservative Fund ULGF00317/04/06GRATCONSER104 17/04/2006 Non-Par 57 25.5194 25.5194 24.8422 24.7855 24.1263 22.8022 11.92% 10.92% 25.5978

4 Group Superannuation Growth Fund ULGF00423/01/07SANNGROWTH104 23/01/2007 Non-Par 0 22.7443 22.7443 21.8396 20.1450 20.6102 19.3552 17.51% 9.34% 22.8951

5 Group Superannuation Balanced Fund ULGF00523/01/07SANNBALANC104 23/01/2007 Non-Par 0 22.6563 22.6563 21.9015 21.1827 21.0753 20.2147 12.08% 8.26% 22.8401

6 Group Superannuation Conservative Fund ULGF00623/01/07SANNCONSER104 23/01/2007 Non-Par 1 19.8909 19.8909 19.3628 19.3492 18.8120 17.8856 11.21% 10.25% 19.9559

7 Group Gratuity Bond Fund ULGF00707/02/13GRATPLBOND104 31/12/2013 Non-Par 1 14.2509 14.2509 13.8931 13.8271 13.4123 12.7746 11.56% 10.79% 14.2969

8 Growth Fund ULIF00125/06/04LIFEGROWTH104 25/06/2004 Non-Par 5,890 51.7760 51.7760 49.5810 46.5750 47.5256 45.0359 14.97% 9.18% 52.1291

9 Balanced Fund ULIF00225/06/04LIFEBALANC104 25/06/2004 Non-Par 2,131 39.6723 39.6723 38.4202 37.1336 37.0589 34.9995 13.35% 10.40% 39.8401

10 Conservative Fund ULIF00325/06/04LIFECONSER104 25/06/2004 Non-Par 153 33.4889 33.4889 32.6619 32.2201 31.6638 29.9894 11.67% 10.23% 33.6266

11 Secured Fund ULIF00425/06/04LIFESECURE104 25/06/2004 Non-Par 526 28.2404 28.2404 27.4952 27.3900 26.7729 25.3154 11.55% 10.87% 28.3421

12 Pension Growth Fund ULIF00525/11/05PENSGROWTH104 25/11/2005 Non-Par 586 31.9467 31.9467 31.0443 28.5681 29.2062 27.7630 15.07% 10.41% 32.2136

13 Pension Balanced Fund ULIF00625/11/05PENSBALANC104 25/11/2005 Non-Par 157 27.1019 27.1019 26.3096 25.2078 25.2782 23.8536 13.62% 10.02% 27.2697

14 Pension Conservative Fund ULIF00725/11/05PENSCONSER104 25/11/2005 Non-Par 12 25.8326 25.8326 25.1195 24.7098 24.3990 23.0613 12.02% 10.30% 25.9470

15 Pension Secured Fund ULIF00825/11/05PENSSECURE104 25/11/2005 Non-Par 69 25.0471 25.0471 24.3467 24.2388 23.6889 22.4116 11.76% 11.09% 25.1316

16 Guaranteed Fund-Income ULIF00904/10/06AMSRGUAINC104 04/10/2006 Non-Par 1 20.3727 20.3727 19.9386 19.7647 19.4244 18.6326 9.34% 8.18% 20.4519

17 Guaranteed Fund-Dynamic ULIF01004/10/06AMSRGUADYN104 04/10/2006 Non-Par 4 21.1170 21.1170 20.6004 20.1614 20.0511 19.0907 10.61% 7.87% 21.2140

18 Growth Super Fund ULIF01108/02/07LIFEGRWSUP104 08/02/2007 Non-Par 3,773 29.7342 29.7342 28.3696 25.2014 26.3941 24.9721 19.07% 9.43% 30.1741

19 Pension Growth Super Fund ULIF01213/08/07PENSGRWSUP104 13/08/2007 Non-Par 415 18.9876 18.9876 18.3718 16.2008 16.8840 16.0180 18.54% 10.40% 19.2988

20 High Growth Fund ULIF01311/02/08LIFEHIGHGR104 11/02/2008 Non-Par 45 26.5664 26.5664 25.5375 22.2376 23.5140 22.2176 19.57% 13.27% 26.8365

21 Dynamic Opportunity Fund ULIF01425/03/08LIFEDYNOPP104 25/03/2008 Non-Par 1,004 24.2807 24.2807 23.3750 21.9340 22.1738 20.9951 15.65% 10.11% 24.4709

22 Money Market Fund ULIF01528/04/09LIFEMONEYM104 28/04/2009 Non-Par 30 16.1468 16.1468 15.9430 15.7423 15.5327 15.3180 5.41% 6.45% 16.1468

23 Secure Plus Fund ULIF01628/04/09LIFESECPLS104 28/04/2009 Non-Par 136 19.7591 19.7591 19.2482 19.1912 18.7307 17.7026 11.62% 10.93% 19.8276

24 Pension Maximiser ULIF01715/02/13PENSMAXIMI104 16/08/2013 Non-Par 229 15.6773 15.6773 15.1777 14.4717 14.5443 13.7234 14.24% 9.84% 15.7705

25 Pension Preserver ULIF01815/02/13PENSPRESER104 19/08/2013 Non-Par 210 15.3651 15.3651 14.9904 14.7471 14.5383 13.7243 11.96% 9.89% 15.4413

26 Discontinuance Policy Fund Pension ULIF01912/08/13PENSDISCON104 19/02/2014 Non-Par 61 13.3776 13.3776 13.1769 13.0060 12.7275 12.4351 7.58% 8.88% 13.3776

27 Discontinuance Policy Fund Life ULIF02021/06/13LIFEDISCON104 29/04/2014 Non-Par 469 13.2130 13.2130 13.0060 12.8419 12.5977 12.3016 7.41% 8.97% 13.2130

TOTAL 16,018

Note :

1 NAV figures as per LB2 are as on 30 Jun 2017

Certification

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




Highest

NAV since

inception

Previous Qtr.

NAV (Rs)

2nd Previous

Qtr. NAV (Rs)

3rd

Previous

Qtr. NAV

4th

Previous

Qtr. NAV

Annualis

ed

Return/Y

3 Year

Rolling

CAGR

As on the Above Date

S.No Name of the Scheme SFIN No. Date of Launch Par/ Non Par


FORM L - 29 - DEBT SECURITIES - 7ANAME OF THE INSURER: MAX LIFE INSURANCE COMPANY LIMITED



In Rs Crores

ULIP Non-ULIP Totalas % of total for

this classULIP Non-ULIP Total

as % of total for


as % of total for


as % of total for

this classBreak down by credit

ratingAAA rated 2,224 6,330 8,554 25.01% 1,793 4,650 6,443 23.82% 2,224 6,045 8,269 25.63% 1,793 4,528 6,321 24.19%

AA or better 365 179 544 1.59% 302 93 395 1.46% 365 176 541 1.68% 302 91 393 1.50%

Rated below AA but

above A 36 - 36 0.10% 1 3 4 0.01% 35.74 - 36 0.11% 1 3 4 0.01%

Rated below A but above

B - - - 0.00% - - - 0.00% - - - 0.00% - - - 0.00%

*Any other 3,677 21,389 25,066 73.29% 3,231 16,975 20,206 74.71% 3,677 19,742 23,418 72.58% 3,231 16,188 19,419 74.30%

6,301 27,898 34,200 100% 5,327 21,720 27,047 100% 6,301 25,963 32,264 100% 5,327 20,810 26,137 100%

BREAKDOWN BY

RESIDUALMATURITYUp to 1 year 391 1,043 1,434 4.19% 468 1,029 1,497 5.54% 391 1,033 1,424 4.41% 468 1,025 1,493 5.71%

More than 1 yearand

upto 3years784 879 1,663 4.86% 480 970 1,450 5.36% 784 849 1,634 5.06% 480 952 1,432 5.48%

More than 3years and up

to 7years1,527 2,972 4,499 13.15% 772 2,416 3,188 11.79% 1,527 2,819 4,346 13.47% 772 2,338 3,110 11.90%

More than 7 years and

up to 10 years1,908 4,096 6,003 17.55% 1,819 2,016 3,835 14.18% 1,908 3,925 5,833 18.08% 1,819 1,952 3,771 14.43%


up to 15 years1,184 4,649 5,833 17.06% 1,561 4,251 5,812 21.49% 1,184 4,258 5,442 16.87% 1,561 4,073 5,634 21.56%


up to 20 years176 3,910 4,086 11.95% 101 4,194 4,295 15.88% 176 3,535 3,711 11.50% 101 3,957 4,058 15.53%

Above 20 years 332 10,350 10,681 31.23% 127 6,843 6,970 25.77% 332 9,543 9,875 30.61% 127 6,513 6,639 25.40%

6,301 27,898 34,200 100% 5,327 21,720 27,047 100% 6,301 25,963 32,264 100% 5,327 20,810 26,137 100%

Breakdown by type of

the issuera. Central Government 3,040 19,984 23,024 67.32% 3,032 16,337 19,369 71.61% 3,040 18,381 21,421 66.39% 3,032 15,571 18,603 71.18%

b. State Government 666 1,338 2,004 5.86% 190 601 791 2.92% 666 1,294 1,960 6.07% 190 580 770 2.95%

c.Corporate Securities 2,596 6,576 9,172 26.82% 2,105 4,782 6,888 25.47% 2,596 6,288 8,883 27.53% 2,105 4,658 6,764 25.88%

6,301 27,898 34,200 100% 5,327 21,720 27,047 100% 6,301 25,963 32,264 100% 5,327 20,810 26,137 100%

Note

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

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

* Includes Government Securities, Treasury Bills and Fixed Deposits

# The previous year balances have been reinstated due to reclass of Reverse Repo to "AAA rated" category from "Any Other".

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

Detail Regarding Debt SecuritiesMarket Value Book Value

As at 30th Jun 2017 As at 30th Jun 2016# As at 30th Jun 2017 As at 30th Jun 2016#


FORM L-30 : RELATED PARTY TRANSACTIONS



Rs In Lacs

Expense - Allocated Cost of Salary 3.20 5.00

Expense - Stay Expenses in Guest House 2.91 5.00

Expense - Allocated Cost of group expenses 241.00 -

Cost allocation of disaster recovery site 1.15 -

Final Dividend for FY 2016-17 8,597.51 -

Receipt - Recovery of HRMS implementation cost 0.05 0.18

2 Antara Senior Living Ltd.* Fellow Subsidiaries Receipt - Recovery of HRMS implementation cost - 0.11

Expenses - Training Services - 349.81

Receipt - IT support - 0.47

Receipt - Rental of office space - 7.88

Receipt - Rental of office space - 3.44

Receipt - Analytics Services - 2.96

Receipt - Recovery of HRMS implementation cost - 2.64

5 Max One Distribution And Service* Fellow Subsidiaries Receipt - Rental of office space - 0.87

6 New Delhi House Service Ltd *Enterprises over which Key management

personnel have significant InfluenceExpense-PF Consultancy

- 4.50

7 Mitsui Sumitomo Insurance Company Ltd. Shareholders with Significant Influence Final Dividend for FY 2016-17 3,070.10 -

Receipt - Insurance Premium - 0.06

Donation for CSR activity - 253.89

9 Key management personnel Key management personnel Managerial remuneration and welfare benefits 1,612.46 1,125.24

* Not related party as on 30 June 2017, shown only for comparative purpose

4 Max Bupa Health Insurance Ltd.* Fellow Subsidiaries

8 Max India Foundation *Enterprises over which Key management

personnel have significant Influence

For the quarter ending

30th June 16

1Max Financial Services Limited (Erstwhile Max

India Limited)Holding Company

Description of Transaction / CategoriesFor the quarter ending 30th

June 17

3 Max Skill First Limited * Fellow Subsidiaries

SI. No. Name of the Related Party Nature of Relationship with Company


FORM L-31 BOARD OF DIRECTORS & KEY PERSONS



As at 30th June 2017

Sl. No. Name of person Role/designation Remarks

1 Rahul Khosla Chairman

2 Rajesh Sud Executive Vice Chairman and Managing Director

3 Rajit Mehta Director

4 Hideaki Nomura Director

5 Masataka Kitagawa Director

6 Marielle Theron Director

7 John Poole Director

8 K. Narasimha Murthy Independent Director

9 Rajesh Khanna Independent Director

10 D. K. Mittal Independent Director

11 Mohit Talwar Director

SI. No. Name of Person Role/designation Remarks

1 Rajesh Sud Executive Vice Chairman and Managing Director

2 Prashant Tripathy Senior Director & Chief Financial Officer

3 V.Viswanand Senior Director & Chief Operations Officer

4 Aalok Bhan Director & Chief Distribution Officer

5 Amitabh Lal Das Chief Legal Officer

6 Mihir Vora Director & Chief Investment Officer

7 Shailesh Singh Director & Chief People Officer

8Manik Nangia

Director & Head Product Management, Customer Marketing

and Corporate Communication

9 Jose John Appointed Actuary

10Sanjeev Kumar Sood

Senior Vice President Head Internal Assurance & Chief Risk

Officer

11 Jogesh Sikka Senior Vice President & Chief Compliance Officer

12 Anurag Chauhan Senior Vice President & Company Secretary

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

PERIODIC DISCLOSURESFORM L-32-SOLVENCY MARGIN - KT3

AVAILABLE SOLVENCY MARGIN AND SOLVENCY RATIO.

As at 30 June 2017

Name of Insurer: Form Code:

MAX LIFE INSURANCE COMPANY LIMITED Classification Code:

Classification:

Registration Number: 104

Adjusted Value

[Amount (In Rs. '000)]

01 Available Assets in Policyholders' Fund: 434,587,394

Deduct:

02 Mathematical Reserves 418,003,254

03 Other Liabilities -

04 Excess in Policyholders' funds 16,584,140

05 Available Assets in Shareholders Fund: 36,447,804

Deduct:

06 Other Liabilities of shareholders’ fund 13,307,153

07 Excess in Shareholders' funds 23,140,651

08 Total ASM (04)+(07) 39,724,791

09 Total RSM 13,463,439

10 Solvency Ratio (ASM/RSM) 2.95

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

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

Place: Gurgaon sd/-

Date: Name and Signature of Appointed Actuary

Notes Jose John

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

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

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

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

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

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

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

(See Regulation 4)

Insurance Regulatory and Development Authority (Actuarial Report and Abstract) Regulations, 2016

Item Description


FORM L - 33 - NPAs - 7 Name of the Fund: Life FundNAME OF THE INSURER: MAX LIFE INSURANCE COMPANY LIMITED



In Rs Crores

YTD (As at 30

Jun 2017)

Prev. FY (As

on 31 Mar

2017)

YTD (As at 30

Jun 2017)

Prev. FY (As on 31

Mar 2017)

YTD (As at 30 Jun

2017)

Prev. FY (As on 31

Mar 2017)

YTD (As at 30 Jun

2017)

Prev. FY (As on 31

Mar 2017)

YTD (As at 30

Jun 2017)

Prev. FY (As on 31

Mar 2017)

1 Investment Assets (As per Form 3A/3B- Total Fund) 5,662 5,401 - - 196 126 22,755 22,083 28,613 27,609

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

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

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

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

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

7 Net Investment Assets (1-4) 5,662 5,401 - - 196 126 22,755 22,083 28,613 27,609

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

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

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

Certification :

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

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

Signature: sd/-

DATE: 12-Jul-17 Full Name: Rajesh Sud / Mihir Vora


Note :

1. Investment Assets should reconcile with figures shown in Schedule 8, 8A ,8B & 9 of the Balance Sheet.

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

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

4. Net Investment Assets is net of provisions.

5. Net NPA is gross NPAs less provisions.

6. Write off as approved by the board.

7. Total Investment Assets should reconcile with figures shown L-26.

Total

NO PARTICULARS

Bonds/Debentures Loans Other Debt Instruments All Other Assets


FORM L - 33 - NPAs - 7 Name of the Fund: Annuity FundNAME OF THE INSURER: MAX LIFE INSURANCE COMPANY LIMITED



In Rs Crores

YTD (As at 30

Jun 2017)

Prev. FY (As

on 31 Mar

2017)

YTD (As at 30

Jun 2017)

Prev. FY (As on 31

Mar 2017)

YTD (As at 30 Jun

2017)

Prev. FY (As on 31

Mar 2017)

YTD (As at 30 Jun

2017)

Prev. FY (As on 31

Mar 2017)

YTD (As at 30

Jun 2017)

Prev. FY (As on 31

Mar 2017)

1 Investment Assets (As per Form 3A/3B- Total Fund) 261 250 - - - - 592 603 853 853

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





7 Net Investment Assets (1-4) 261 250 - - - - 592 603 853 853

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



Certification :



Signature: sd/-



Note :








Total

NO PARTICULARS



FORM L - 33 - NPAs - 7 Name of the Fund: Unit Linked FundNAME OF THE INSURER: MAX LIFE INSURANCE COMPANY LIMITED



In Rs Crores

YTD (As at 30

Jun 2017)

Prev. FY (As

on 31 Mar

2017)

YTD (As at 30

Jun 2017)

Prev. FY (As on 31

Mar 2017)

YTD (As at 30 Jun

2017)

Prev. FY (As on 31

Mar 2017)

YTD (As at 30 Jun

2017)

Prev. FY (As on 31

Mar 2017)

YTD (As at 30

Jun 2017)

Prev. FY (As on 31

Mar 2017)

1 Investment Assets (As per Form 3A/3B- Total Fund) 2,362 2,383 - - 25 74 13,630 13,133 16,018 15,591

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





7 Net Investment Assets (1-4) 2,362 2,383 - - 25 74 13,630 13,133 16,018 15,591

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



Certification :



Signature: sd/-



Note :








Total

NO PARTICULARS



FORM L - 34 YIELD ON INVESTMENT Name of the Fund: Life FundNAME OF THE INSURER: MAX LIFE INSURANCE COMPANY LIMITED



Investment

(Rs.)

Income On

Investment (Rs.) Gross Yield (%) Net Yield (%)

Investment

(Rs.)

Income On


Investment

(Rs.)

Income On


A CENTRAL GOVT. SECURITIES

A01 Central Government Bonds CGSB 16,707 340 8.13% 8.13% 16,707 340 8.13% 8.13% 13,812 289 8.38% 8.38%

A04 Treasury Bills CTRB 151 2 6.00% 6.00% 151 2 6.00% 6.00% 161 3 6.92% 6.92%

B

CENTRAL GOVT. SEC, STATE GOVT OR OTHER APPROVED

SECURITIES

B01 Central Government Guaranteed Loans / Bonds CGSL 15 0 7.30% 7.30% 15 0 7.30% 7.30% - - 0.00% 0.00%

B02 State Government Bonds SGGB 1,154 23 8.01% 8.01% 1,154 23 8.01% 8.01% 656 27 16.36% 16.36%

B04 Other Approved Securities (excluding Infrastructure Investments) SGOA 562 12 8.25% 8.25% 562 12 8.25% 8.25% 584 12 8.34% 8.34%

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

C07 Long Term Bank Bonds Approved Investment- Affordable Housing HLBH 97 2 8.03% 8.03% 97 2 8.03% 8.03% 47 1 8.49% 8.49%

C09

Bonds / Debentures issued by NHB / Institutions accredited by

NHB HTDN 837 16 7.80% 7.80% 837 16 7.80% 7.80% 575 13 9.00% 9.00%

C11 Bonds / Debuntures issued by HUDCO HFHD 25 1 8.08% 8.08% 25 1 8.08% 8.08% 25 1 8.08% 8.08%

(b) OTHER INVESTMENTS (HOUSING)

(c) INFRASTRUCTURE INVESTMENTS

C19 Infrastructure - PSU - Equity shares - Quoted ITPE 106 7 24.61% 24.61% 106 7 24.61% 24.61% 117 (0) -0.05% -0.05%

C20 Infrastructure - Corporate Securities - Equity shares-Quoted ITCE 93 1 3.28% 3.28% 93 1 3.28% 3.28% 151 (4) -9.79% -9.79%

C25

Onshore Rupee Bonds issued by ADB and IFC (Infrastructure -

approved) IORB 84 2 7.99% 7.99% 84 2 7.99% 7.99% 84 2 7.89% 7.89%

C26 Long Term Bank Bonds Approved Investment– Infrastructure ILBI 42 1 7.68% 7.68% 42 1 7.68% 7.68% - - 0.00% 0.00%

C27 Infrastructure - PSU - Debentures / Bonds IPTD 3,164 66 8.36% 8.36% 3,164 66 8.36% 8.36% 2,180 47 8.65% 8.65%

C29 Infrastructure - Other Corporate Securities - Debentures/ Bonds ICTD 168 4 8.8% 8.85% 168 4 8.85% 8.85% 257 6 10.05% 10.05%

C32 Infrastructure - PSU - Debentures / Bonds IPFD 25 1 8.38% 8.38% 25 1 8.38% 8.38% 25 1 8.36% 8.36%

(d) INFRASTRUCTURE - OTHER INVESTMENTS

C34 Infrastructure - Equity (including unlisted) IOEQ 16 - 0.00% 0.00% 16 - 0.00% 0.00% 28 - 0.00% 0.00%

D APPROVED INVESTMENT SUBJECT TO EXPOSURE NORMS

D01 PSU - Equity shares - Quoted EAEQ 255 11 17.13% 17.13% 255 11 17.13% 17.13% 222 (5) -9.59% -9.59%

D02 Corporate Securities - Equity shares (Ordinary)- Quoted EACE 1,432 30 8.30% 8.30% 1,432 30 8.30% 8.30% 1,417 47 13.27% 13.27%

D05 Corporate Securities - Bonds - (Taxable) EPBT 964 21 8.72% 8.72% 964 21 8.72% 8.72% 569 13 8.97% 8.97%

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

D12 Investment properties - Immovable EINP 23 1 15.83% 15.83% 23 1 15.83% 15.83% - - 0.00% 0.00%

D16

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

awaiting Investment), CCIL, RBI ECDB 75 2 8.97% 8.97% 75 2 8.97% 8.97% 58 1 9.64% 9.64%

D17 Deposits - CDs with Scheduled Banks EDCD 95 2 6.44% 6.44% 95 2 6.44% 6.44% 35 1 7.34% 7.34%

D18 Deposits - Repo / Reverse Repo - Govt Securities ECMR 156 2 6.03% 6.03% 156 2 6.03% 6.03% 97 2 6.44% 6.44%

D20

Deposit with Primary Dealers duly recognised by Reserve Bank of

India EDPD 18 0 2.27% 2.27% 18 0 2.27% 2.27% - - 0.00% 0.00%

D22 Commercial Papers ECCP 30 0 1.30% 1.30% 30 0 1.30% 1.30% 10 0 5.25% 5.25%

D24

Perpetual Debt Instruments of Tier I & II Capital issued by PSU

Banks EUPD 42 1 9.02% 9.02% 42 1 9.02% 9.02% 42 1 9.01% 9.01%

D25

Perpetual Debt Instruments of Tier I & II Capital issued by Non-

PSU Banks EPPD - - 0.00% 0.00% - - 0.00% 0.00% 15 0 9.99% 9.99%

D29 Mutual Funds - Gilt / G Sec / Liquid Schemes EGMF 1,283 18 5.53% 5.53% 1,283 18 5.53% 5.53% 800 16 7.85% 7.85%

D38

Additional Tier 1 (Basel III compliant) Perpetual Bonds - (PSU

Banks) EAPS 35 1 8.65% 8.65% 35 1 8.65% 8.65% - - 0.00% 0.00%

E OTHER INVESTMENTS

E01 Bonds -PSU- Taxable OBPT - - 0.00% 0.00% - - 0.00% 0.00% - - 0.00% 0.00%

E03 Equity Shares (incl Co-op Societies) OESH 68 (2) -12.06% -12.06% 68 (2) -12.06% -12.06% 106 20 74.95% 74.95%

E04 Equity Shares (PSUs & Unlisted) OEPU 1 - 0.00% 0.00% 1 - 0.00% 0.00% 1 - 0.00% 0.00%

E06 Debentures OLDB - - 0.00% 0.00% - - 0.00% 0.00% 3 0 8.56% 8.56%

E11 SEBI approved Alternate Investment Fund (Category I) OAFA 5 0 14.34% 14.34% 5 0 14.34% 14.34% - - 0.00% 0.00%

E12 SEBI approved Alternate Investment Fund (Category II) OAFB 2 0 5.95% 5.95% 2 0 5.95% 5.95% 1 - 0.00% 0.00%

E15 Mutual Funds - Debt / Income / Serial Plans / Liquid Secemes OMGS - - 0.00% 0.00% - - 0.00% 0.00% - - 0.00% 0.00%

Total 27,731 562 8.10% 8.10% 27,731 562 8.10% 8.10% 22,079 493 8.93% 8.93%

1 All yields are on annualised basis

2 Previous year figures are for period ending 30th June 2016.

CERTIFICATION

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



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

1 Based on daily simple average of investments.

2 Yield netted for Tax.

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

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

5 Yields are annualised using factor based on period

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

7 Preference shares received as bonus shares, hence yield not shown.

8 * Income consists of Lease Rent received on Investment property for the period upto June 2017.

In Rs Crores

No. Investment Particulars

Cat Code

Current Quarter Year To Date Previous Year


FORM L - 34 YIELD ON INVESTMENT Name of the Fund: Annuity FundNAME OF THE INSURER: MAX LIFE INSURANCE COMPANY LIMITED



Investment

(Rs.)

Income On


Investment

(Rs.)

Income On


Investment

(Rs.)

Income On



A01 Central Government Bonds CGSB 406 8 8.23% 8.23% 406 8 8.23% 8.23% 418 9 8.26% 8.26%

B

CENTRAL GOVT. SEC, STATE GOVT OR OTHER

APPROVED SECURITIES

B02 State Government Bonds SGGB 138 3 8.03% 8.03% 138 3 8.03% 8.03% 65 1 8.55% 8.55%

B04

Other Approved Securities (excluding Infrastructure

Investments) SGOA 8 0 8.38% 8.38% 8 0 8.38% 8.38% 8 0 8.36% 8.36%

C

(a) HOUSING & LOANS TO STATE GOVT FOR HOUSING

/ FFE

C07

Long Term Bank Bonds Approved Investment-

Affordable Housing HLBH 9 0 8.46% 8.46% 9 0 8.46% 8.46% 9 0 8.44% 8.44%

C08 Bonds / Debentures issued by HUDCO HTHD 0 0 8.54% 8.54% 0 0 8.54% 8.54% - - 0.00% 0.00%

C09

Bonds / Debentures issued by NHB / Institutions

accredited by NHB HTDN 46 1 9.29% 9.29% 46 1 9.29% 9.29% 47 1 9.25% 9.25%



C19 Infrastructure - PSU - Equity shares - Quoted ITPE 0 - 0.00% 0.00% 0 - 0.00% 0.00% 0 - 0.00% 0.00%

C20

Infrastructure - Corporate Securities - Equity shares-

Quoted ITCE 0 - 0.00% 0.00% 0 - 0.00% 0.00% 0 - 0.00% 0.00%

C27 Infrastructure - PSU - Debentures / Bonds IPTD 188 4 8.15% 8.15% 188 4 8.15% 8.15% 120 3 8.60% 8.60%

C29

Infrastructure - Other Corporate Securities -

Debentures/ Bonds ICTD 1 0 8.11% 8.11% 1 0 8.11% 8.11% 1 0 8.11% 8.11%

D

APPROVED INVESTMENT SUBJECT TO EXPOSURE

NORMS

D01 PSU - Equity shares - Quoted EAEQ 0 0 1.98% 1.98% 0 0 1.98% 1.98% 0 0 2.39% 2.39%

D02

Corporate Securities - Equity shares (Ordinary)-

Quoted EACE 2 0 1.17% 1.17% 2 0 1.17% 1.17% 2 0 1.11% 1.11%


D17 Deposits - CDs with Scheduled Banks EDCD - - 0.00% 0.00% - 0.00% 0.00% - - 0.00% 0.00%


D29 Mutual Funds - Gilt / G Sec / Liquid Schemes EGMF 19 - 0.00% 0.00% 19 - 0.00% 0.00% 16 0 7.21% 7.21%

E OTHER INVESTMENTS

E06 Debentures OLDB - - 0.00% 0.00% - 0.00% 0.00% - - 0.00% 0.00%

Total 848 17 8.03% 8.03% 848 17 8.03% 8.03% 724 15 8.33% 8.33%

Note :



CERTIFICATION











In Rs Crores


Cat Code



FORM L - 34 YIELD ON INVESTMENT Name of the Fund: Linked FundNAME OF THE INSURER: MAX LIFE INSURANCE COMPANY LIMITED



Investment

(Rs.)

Income On

Investment (Rs.) Gross Yield (%)* Net Yield (%)

Investment

(Rs.)

Income On


Investment

(Rs.)

Income On



A01 Central Government Bonds CGSB 2,424 79 13.07% 13.07% 2,424 79 13.07% 13.07% 3,158 81 10.24% 10.24%

A04 Treasury Bills CTRB 58 1 6.09% 6.09% 58 1 6.09% 6.09% 31 1 6.83% 6.83%

B

GOVERNMENT SECURITIES / OTHER APPROVED

SECURITIES

B01 Central Government Guaranteed Loans / Bonds CGSL 38 1 12.18% 12.18% 38 1 12.18% 12.18% - - 0.00% 0.00%

B02 State Government Bonds SGGB 806 28 13.73% 13.73% 806 28 13.73% 13.73% 38 2 17.47% 17.47%

B04

Other Approved Securities (excluding Infrastructure

Investments) SGOA 14 0 13.11% 13.11% 14 0 13.11% 13.11% 4 0 8.46% 8.46%

C (a) HOUSING SECTOR INVESTMENTS

C07

Long Term Bank Bonds Approved Investment-

Affordable Housing HLBH 17 0 4.38% 4.38% 17 0 4.38% 4.38% 26 1 9.37% 9.37%

C09

Bonds / Debentures issued by NHB / Institutions

accredited by NHB HTDN 627 16 9.90% 9.90% 627 16 9.90% 9.90% 528 13 9.86% 9.86%


C14 Debentures / Bonds / CPs / Loans HODS 5 0 9.41% 9.41% 5 0 9.41% 9.41% - - 0.00% 0.00%


C19 Infrastructure - PSU - Equity shares - Quoted ITPE 390 11 11.17% 11.17% 390 11 11.17% 11.17% 227 27 48.02% 48.02%

C20

Infrastructure - Corporate Securities - Equity shares-

Quoted ITCE 654 29 17.47% 17.47% 654 29 17.47% 17.47% 420 45 42.55% 42.55%

C26

Long Term Bank Bonds Approved Investment–

Infrastructure ILBI 25 1 10.14% 10.14% 25 1 10.14% 10.14% 26 1 9.15% 9.15%

C27 Infrastructure - PSU - Debentures / Bonds IPTD 519 13 10.35% 10.35% 519 13 10.35% 10.35% 303 8 10.10% 10.10%

C29

Infrastructure - Other Corporate Securities -

Debentures/ Bonds ICTD 208 5 10.16% 10.16% 208 5 10.16% 10.16% 187 6 12.43% 12.43%

C30 Infrastructure - Other Corporate Securities - CPs ICCP 49 0 3.82% 3.82% 49 0 3.82% 3.82% - - 0.00% 0.00%

(d) INFRASTRUCTURE - OTHER INVESTMENTS

C34 Infrastructure - Equity (including unlisted) IOEQ 7 0 3.52% 3.52% 7 0 3.52% 3.52% 182 8 17.74% 17.74%

D

APPROVED INVESTMENT SUBJECT TO EXPOSURE

NORMS

D01 PSU - Equity shares - Quoted EAEQ 607 (24) -15.82% -15.82% 607 (24) -15.82% -15.82% 373 (16) -16.87% -16.87%

D02 Corporate Securities - Equity shares (Ordinary)- Quoted EACE 6,383 465 29.13% 29.13% 6,383 465 29.13% 29.13% 5,555 279 20.10% 20.10%


D07 Corporate Securities - Preference Shares EPNQ 1 0 6.35% 6.35% 1 0 6.35% 6.35% 1 0 4.52% 4.52%

D16

Deposits - Deposit with Scheduled Banks, FIs (incl.

Bank Balance awaiting Investment), CCIL, RBI ECDB 16 0 12.03% 12.03% 16 0 12.03% 12.03% 27 1 9.18% 9.18%

D17 Deposits - CDs with Scheduled Banks EDCD 16 0 6.46% 6.46% 16 0 6.46% 6.46% 90 0 0.41% 0.41%


D22 Commercial Papers ECCP 82 0 1.32% 1.32% 82 0 1.32% 1.32% 15 0 5.27% 5.27%

D24

Perpetual Debt Instruments of Tier I & II Capital issued

by PSU Banks EUPD 8 0 7.51% 7.51% 8 0 7.51% 7.51% 8 0 9.59% 9.59%

D25

Perpetual Debt Instruments of Tier I & II Capital issued

by Non-PSU Banks EPPD - - 0.00% 0.00% - - 0.00% 0.00% 11 0 8.05% 8.05%

D29 Mutual Funds - Gilt / G Sec / Liquid Schemes EGMF 1,037 17 6.54% 6.54% 1,037 17 6.54% 6.54% 436 8 7.71% 7.71%

D31

Net Current Assets (Only in respect of ULIP Funds

Business) ENCA 131 - 0.00% 0.00% 131 - 0.00% 0.00% 6 - 0.00% 0.00%

E OTHER INVESTMENTS

E01 Bonds -PSU- Taxable OBPT - - 0.00% 0.00% - - 0.00% 0.00% - - 0.00% 0.00%

E03 Equity Shares (incl Co-op Societies) OESH 453 (10) -8.93% -8.93% 453 (10) -8.93% -8.93% 499 124 99.13% 99.13%

E04 Equity Shares (PSUs & Unlisted) OEPU 1 (0) -10.41% -10.41% 1 (0) -10.41% -10.41% - - 0.00% 0.00%

E06 Debentures OLDB 33 1 7.89% 7.89% 33 1 7.89% 7.89% 5 0 8.38% 8.38%

E15

Mutual Funds - Debt / Income / Serial Plans / Liquid

Secemes OMGS - - 0.00% 0.00% - - 0.00% 0.00% 197 3 6.70% 6.70%

E19 Passively Managed Equity ETF (Non Promoter Group) OETF 235 17 28.72% 28.72% 235 17 28.72% 28.72% 169 19 44.09% 44.09%

Total 15,923 676 16.97% 16.97% 15,923 676 16.97% 16.97% 13,231 626 18.91% 18.91%

Note :













In Rs Crores


Cat Code



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




In Rs Crores

No. Particulars of Investment Cat Code Amount Date of

Purchase

Rating

Agency

Original

Grade

Current

Grade

Date of

DowngradeRemarks

A DURING THE QUARTER1

NIL

B AS ON DATE2

CERTIFICATION

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

and nothing has been concealed or suppressed

Signature: sd/-


DATE: 12-Jul-17 Designation: Chief Executive Officer/ Chief Investment Officer

NOTE:

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

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

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

4. Category of Investment ( COI) shall be as per INV/GLN/001/2003-04


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




In Rs Crores


Purchase

Rating

Agency

Original

Grade

Current

Grade

Date of

DowngradeRemarks


E OTHER INVESTMENTS

E0612.4296% JANALAKSHMI FINANCIAL SERVICES PVT LTD

(STEP UP & COMPOUNDING)OLDB 10 23-Sep-16 ICRA ICRA A+ ICRA A 30-Jun-17

B AS ON DATE2


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

D05 2% TATA STEEL LIMITED 23 APRIL 2022 EPBT 56 7-Jun-12 BRICKWORKS BWR AA+ BWR AA 28-Oct-16

CARE CAREAAA CAREAA+ 28-Mar-16

CARE CAREAA+ CAREAA 20-Jul-16

E OTHER INVESTMENTS

E0612.4296% JANALAKSHMI FINANCIAL SERVICES PVT LTD

(STEP UP & COMPOUNDING)OLDB 10 23-Sep-16 ICRA ICRA A+ ICRA A 30-Jun-17

CARE CAREAA+ CAREAA 4-Dec-12

BRICK BWRAA BWRAA- 11-Mar-16

CERTIFICATION



Signature: sd/-



NOTE:





E069.05 ORIENTAL BANK OF COMMERCE PERPETUAL 31

DECEMBER 2099OLDB 0 4-Jan-12

D2410.40% PNB SR1 31 DECMBER PERPETUAL BOND

EUPD 8 23-Jul-07


FORM L - 35 DOWNGRADING OF INVESTMENT Name Of The Fund: Life FundNAME OF THE INSURER: MAX LIFE INSURANCE COMPANY LIMITED



In Rs Crores


Purchase

Rating

Agency

Original

Grade

Current

Grade

Date of

DowngradeRemarks


B AS ON DATE2



FITCH CAREAA+ INDAA 20-Apr-16


FITCH CAREAA+ INDAA 20-Apr-16

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







CERTIFICATION



Signature: sd/-



NOTE:





D24 9.00% PNB 31 DECEMBER PERPETUAL BOND EUPD10

1-Dec-09

D24 10.40% PNB SR1 31 DECMBER PERPETUAL BOND EUPD2

23-Jul-07

D24 8.9% PNB 19 JANUARY PERPETUAL BOND EUPD15

7-Jan-09

D05 8.90% SAIL 01 MAY 2019 EPBT10

1-May-09

D05 9.18 SAIL 27 AUGUST 2017 EPBT0

3-Sep-12

PERIODIC DISCLOSURESFORM L-36 :PREMIUM AND NUMBER OF LIVES COVERED BY POLICY TYPENAME OF THE INSURER: MAX LIFE INSURANCE COMPANY LIMITED REGISTRATION NO 104: DATE OF REGISTRATION WITH IRDA : NOVEMBER 15, 2000

Premium

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

Sum Insured,

Wherever

applicable

(Rs Crs)

Premium


Sum Insured,

Wherever

applicable

(Rs Crs)

Premium

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

Sum Insured,

Wherever

applicable

(Rs Crs)

Premium


Sum Insured,

Wherever

applicable

(Rs Crs)

1 First year Premium

i Individual Single Premium- (ISP)

From 0-10000 19.16 - - 58.27 17.98 (1) - 56.69 19.16 - - 58.27 17.98 (1) - 56.69

From 10,001-25,000 47.30 - - 134.89 40.66 (1) - 120.49 47.30 - - 134.89 40.66 (1) - 120.49

From 25001-50,000 32.19 - - 91.69 27.05 2 2 77.04 32.19 - - 91.69 27.05 2 2 77.04

From 50,001- 75,000 11.12 - - 34.36 8.47 - - 27.66 11.12 - - 34.36 8.47 - - 27.66

From 75,000-100,000 10.37 43 42 29.76 8.67 33 38 26.09 10.37 43 42 29.76 8.67 33 38 26.09

From 1,00,001 -1,25,000 4.29 4 4 13.80 3.42 4 5 11.50 4.29 4 4 13.80 3.42 4 5 11.50

Above Rs. 1,25,000 20.19 52 52 55.89 16.52 34 35 46.79 20.19 52 52 55.89 16.52 34 35 46.79

ii Individual Single Premium (ISPA)- Annuity

From 0-50000 0.14 - - 0.14 0.15 - - 0.15 0.14 - - 0.14 0.15 - - 0.15

From 50,001-100,000 0.03 3 3 0.07 0.26 18 26 0.08 0.03 3 3 0.07 0.26 18 26 0.08

From 1,00,001-150,000 0.03 1 1 0.03 0.36 29 27 0.02 0.03 1 1 0.03 0.36 29 27 0.02

From 150,001- 2,00,000 0.02 1 1 0.03 0.18 9 10 0.12 0.02 1 1 0.03 0.18 9 10 0.12

From 2,00,,001-250,000 0.07 3 3 0.13 0.11 5 5 0.05 0.07 3 3 0.13 0.11 5 5 0.05

From 2,50,001 -3,00,000 0.06 2 2 0.00 0.14 5 6 0.06 0.06 2 2 0.00 0.14 5 6 0.06

Above Rs. 3,00,000 3.10 29 28 2.16 5.43 36 37 3.46 3.10 29 28 2.16 5.43 36 37 3.46

iii Group Single Premium (GSP)

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

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

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

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

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

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

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

iv Group Single Premium- Annuity- GSPA

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

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

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

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

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

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

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

v Individual non Single Premium- INSP

From 0-10000 11.26 15,697 14,117 7,074.63 5.87 4,972 5,150 2,704.94 11.26 15,697 14,117 7,074.63 5.87 4,972 5,150 2,704.94

From 10,000-25,000 43.00 25,803 24,397 9,077.89 48.37 25,852 26,411 4,255.15 43.00 25,803 24,397 9,077.89 48.37 25,852 26,411 4,255.15

From 25001-50,000 101.07 26,022 25,202 2,973.23 84.69 22,033 17,710 1,941.61 101.07 26,022 25,202 2,973.23 84.69 22,033 17,710 1,941.61

From 50,001- 75,000 86.05 15,636 14,807 2,027.83 77.19 13,996 14,787 1,676.23 86.05 15,636 14,807 2,027.83 77.19 13,996 14,787 1,676.23

From 75,000-100,000 72.56 7,489 7,489 1,080.70 58.62 6,026 6,430 807.17 72.56 7,489 7,489 1,080.70 58.62 6,026 6,430 807.17

From 1,00,001 -1,25,000 23.54 2,291 2,291 490.13 21.20 2,060 2,229 480.21 23.54 2,291 2,291 490.13 21.20 2,060 2,229 480.21

Above Rs. 1,25,000 96.43 3,733 3,733 1,556.30 69.09 2,692 2,889 1,222.62 96.43 3,733 3,733 1,556.30 69.09 2,692 2,889 1,222.62

vi Individual non Single Premium- Annuity- INSPA

From 0-50000 1.15 277 277 2.32 1.09 271 308 2.10 1.15 277 277 2.32 1.09 271 308 2.10

From 50,001-100,000 2.20 247 247 4.38 1.61 188 216 3.13 2.20 247 247 4.38 1.61 188 216 3.13

From 1,00,001-150,000 0.49 35 35 0.93 0.63 46 58 1.26 0.49 35 35 0.93 0.63 46 58 1.26

From 150,001- 2,00,000 1.15 59 59 2.33 0.71 35 41 1.41 1.15 59 59 2.33 0.71 35 41 1.41

From 2,00,,001-250,000 0.33 14 14 0.66 0.41 18 22 0.79 0.33 14 14 0.66 0.41 18 22 0.79

From 2,50,001 -3,00,000 0.54 18 18 1.09 0.39 13 17 0.78 0.54 18 18 1.09 0.39 13 17 0.78

Above Rs. 3,00,000 3.83 55 55 7.99 1.20 19 24 2.29 3.83 55 55 7.99 1.20 19 24 2.29

vii Group Non Single Premium (GNSP)

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

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

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

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

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

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

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

Upto the quarter ending 30th June 16

S. No.


Particulars

For the quarter ending 30th June 16 Upto the quarter ending 30th June 17

PERIODIC DISCLOSURESFORM L-36 :PREMIUM AND NUMBER OF LIVES COVERED BY POLICY TYPENAME OF THE INSURER: MAX LIFE INSURANCE COMPANY LIMITED REGISTRATION NO 104: DATE OF REGISTRATION WITH IRDA : NOVEMBER 15, 2000

Premium


Sum Insured,

Wherever

applicable

(Rs Crs)

Premium


Sum Insured,

Wherever

applicable

(Rs Crs)

Premium

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

Sum Insured,

Wherever

applicable

(Rs Crs)

Premium


Sum Insured,

Wherever

applicable

(Rs Crs)

Upto the quarter ending 30th June 16

S. No.


Particulars

For the quarter ending 30th June 16 Upto the quarter ending 30th June 17

viii Group Non Single Premium- Annuity- GNSPA

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

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

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

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

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

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

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

2 Renewal year Premium

i Individual

From 0-10000 80.63 167,897 160,752 10,010.41 87.06 185,979 178,114 7,612.63 80.63 167,897 160,752 10,010.41 87.06 185,979 178,114 7,612.63

From 10,000-25,000 357.82 357,301 340,145 19,612.87 371.91 372,411 355,239 16,203.84 357.82 357,301 340,145 19,612.87 371.91 372,411 355,239 16,203.84

From 25001-50,000 329.58 162,048 155,766 10,911.16 304.69 151,234 144,901 9,415.53 329.58 162,048 155,766 10,911.16 304.69 151,234 144,901 9,415.53

From 50,001- 75,000 132.88 49,726 48,468 5,304.65 76.28 28,108 27,200 2,830.29 132.88 49,726 48,468 5,304.65 76.28 28,108 27,200 2,830.29

From 75,000-100,000 152.74 28,481 27,668 3,588.98 123.70 23,700 23,011 2,819.35 152.74 28,481 27,668 3,588.98 123.70 23,700 23,011 2,819.35

From 1,00,001 -1,25,000 47.45 8,803 8,589 1,709.28 28.57 5,244 5,096 974.77 47.45 8,803 8,589 1,709.28 28.57 5,244 5,096 974.77

Above Rs. 1,25,000 178.73 12,733 11,938 5,474.58 129.98 9,463 8,871 3,847.96 178.73 12,733 11,938 5,474.58 129.98 9,463 8,871 3,847.96

ii Individual- Annuity

From 0-10000 2.40 4,180 4,039 11.43 2.98 4,991 4,836 13.42 2.40 4,180 4,039 11.43 2.98 4,991 4,836 13.42

From 10,000-25,000 10.06 13,770 13,459 55.19 11.62 16,375 15,964 65.68 10.06 13,770 13,459 55.19 11.62 16,375 15,964 65.68

From 25001-50,000 6.50 3,300 3,212 23.12 6.59 3,496 3,387 23.96 6.50 3,300 3,212 23.12 6.59 3,496 3,387 23.96

From 50,001- 75,000 2.06 885 870 9.98 1.76 817 797 9.20 2.06 885 870 9.98 1.76 817 797 9.20

From 75,000-100,000 4.16 687 668 12.38 3.56 598 585 10.68 4.16 687 668 12.38 3.56 598 585 10.68

From 1,00,001 -1,25,000 1.15 226 225 4.47 0.74 180 178 3.37 1.15 226 225 4.47 0.74 180 178 3.37

Above Rs. 1,25,000 11.42 615 588 38.60 8.79 474 463 30.41 11.42 615 588 38.60 8.79 474 463 30.41

iii Group

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

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

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

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

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

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

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

- - - -

iv Group- Annuity

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

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

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

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

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

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

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


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



No. of Policies/

No. of Schemes

No. of Lives

Covered

Premium

( Rs Crs)

No. of Policies/

No. of Schemes

No. of Lives

Covered

Premium

( Rs Crs)

1 Individual agents 22 1,329 0 21 5,095 0

2 Corporate Agents-Banks 19 31,423 63 23 27,427 54

3 Corporate Agents -Others - - - - - -

4 Brokers 85 69,034 2 137 99,259 7

5 Micro Agents - - - - - -

6 Direct Business 50 770,806 8 82 206,793 10

Total(A) 176 872,592 73 263 338,574 70

1 Referral (B) - - - - - -

Grand Total (A+B) 176 872,592 73 263 338,574 70

Note:

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

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


S.No. Channels



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



No. of Policies Premium

( Rs Crs) No. of Policies

Premium

( Rs Crs)

1 Individual agents 27,402 180 28,040 168

2 Corporate Agents-Banks 47,912 318 39,780 254

3 Corporate Agents -Others 2,079 14 1,764 14

4 Brokers (7) 2 (14) 1

5 Micro Agents - - - -

6 Direct Business 20,128 77 8,824 63

Total (A) 97,514 592 78,394 500

1.00 Referral (B) - - - 0

Grand Total (A+B) 97,514 592 78,394 500

Note:

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

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

S. No. Channels

For the quarter ending 30th June 17 For the quarter ending 30th June 16


FORM L-39-DATA ON SETTLEMENT OF CLAIMS




On or before

maturity1 month 1 - 3 months 3 - 6 months

6 months - 1

year> 1 year

1 Maturity Claims 14,219 34 1 - - - 14,254 182

2 Survival Benefit 5,420 - - - - - 5,420 11

3 Annuities / Pension 447 - - - - - 447 1

4 Death Claims - 2,037 1 - - - 2,038 63

5 For Surrender - 81,983 - - - - 81,983 804

6 Other benefits - 59 - - - - 59 2

On or before


6 months - 1

year> 1 year

1 Maturity Claims - 122 - - - - 122 1

2 Survival Benefit - - - - - - - -

3 Annuities / Pension - - - - - - - -

4 Death Claims - 1,453 - - - - 1,453 14

5 For Surrender - 2,486 - - - - 2,486 8

6 Other benefits - 4 - - - - 4 0

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

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

Types of ClaimsNo. of claims paid

Total No. of claims

paid

Total No. of claims

paid

Ageing of Claims* - Individual

Total amount of

claims paid (Rs Crs)

Ageing of Claims* - Group

Total amount of

claims paid (Rs Crs)

S.No. Types of ClaimsNo. of claims paid

S.No.


FORM L-39-DATA ON SETTLEMENT OF CLAIMS




On or before


6 months - 1

year> 1 year

1 Maturity Claims - 6,433 10 2 1 - 6,446 51

2 Survival Benefit 3,664 32 1 - - - 3,697 8

3 Annuities / Pension 437 - - - - - 437 1

4 Death Claims - 1,906 3 - - - 1,909 49

5 For Surrender - 66,871 - - - - 66,871 555

6 Other benefits - 33 - - - - 33 1

On or before


6 months - 1

year> 1 year

1 Maturity Claims 241 - - - - - 241 3

2 Survival Benefit - - - - - - - -

3 Annuities / Pension - - - - - - - -

4 Death Claims - 851 - - - - 851 14

5 For Surrender - 1,662 546 1 - - 2,209 7

6 Other benefits - 2 - - - - 2 0

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

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

Ageing of Claims* - Individual


Total No. of claims

paid

Total amount of

claims paid (Rs. Crs)

Ageing of Claims* - Group


Total No. of claims

paid

Total amount of

claims paid (Rs. Crs)


FORM L-40-QUARTERLY CLAIMS DATA FOR LIFE




INDIVIDUAL CLAIMS: No. of Claims only

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

PensionFor Surrender Other Benefits

1 Claims O/S at the beginning of the period 3 59 - - - -

2 Claims reported during the period* 2,342 14,225 5,420 447 81,983 75

3 Claims Settled during the period 2,038 14,254 5,420 447 81,983 59

4 Claims Repudiated during the period 53 - - - - 1 a Less than 2years from the date of acceptance of risk 50 - - - - 1 b Grater than 2 year from the date of acceptance of risk 3 - - - - -

5 Claims Rejected - - - - - 5 6 Claims Written Back - - - - - -

7 Claims O/S at End of the period 254 30 - - - 10

Less than 3months 254 3 - - - 10

3 months to 6 months - 5 - - - -

6months to 1 year - 5 - - - -

1year and above - 17 - - - -

GROUP CLAIMS: No. of Claims only



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

2 Claims reported during the period* 2,429 122 - - 2,486 4

3 Claims Settled during the period 1,453 122 - - 2,486 4

4 Claims Repudiated during the period 3 - - - - - a Less than 2years from the date of acceptance of risk 2 - - - - - b Grater than 2 year from the date of acceptance of risk 1 - - - - -

5 Claims Rejected - - - - - - 6 Claims Written Back - - - - - -

7 Claims O/S at End of the period 973 - - - - -

Less than 3months 973 - - - - -

3 months to 6 months - - - - - -

6months to 1 year - - - - - -

1year and above - - - - - -

TOTAL CLAIMS:No. of Claims only



1 Claims O/S at the beginning of the period 3 59 - - - -



4 Claims Repudiated during the period 56 - - - - 1 a Less than 2years from the date of acceptance of risk 52 - - - - 1 b Grater than 2 year from the date of acceptance of risk 4 - - - - -

5 Claims Rejected - - - - - 5 6 Claims Written Back - - - - - -

7 Claims O/S at End of the period 1,227 30 - - - 10

Less than 3months 1,227 3 - - - 10

3 months to 6 months - 5 - - - -

6months to 1 year - 5 - - - -

1year and above - 17 - - - -

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


FORM L-40-QUARTERLY CLAIMS DATA FOR LIFE




INDIVIDUAL CLAIMS: No. of Claims only



1 Claims O/S at the beginning of the period 4 8,698 - - - 1




5 Claims Rejected 4 - 7 - - 1 6 Claims Written Back - - - - - -

7 Claims O/S at End of the period 316 8,991 2 - - 5

Less than 3months 310 2,709 2 - - 3

3 months to 6 months 6 2,290 - - - 2

6months to 1 year - 2,300 - - - -

1year and above - 1,692 - - - -

GROUP CLAIMS: No. of Claims only



1 Claims O/S at the beginning of the period - - - - 30 -

2 Claims reported during the period* 970 241 - - 2,179 2

3 Claims Settled during the period 851 241 - - 2,209 2

4 Claims Repudiated during the period - - - - - - a Less than 2years from the date of acceptance of risk - - - - - - b Grater than 2 year from the date of acceptance of risk - - - - - -

5 Claims Rejected - - - - - - 6 Claims Written Back - - - - - -

7 Claims O/S at End of the period 119 - - - - -

Less than 3months 119 - - - - -

3 months to 6 months - - - - - -

6months to 1 year - - - - - -

1year and above - - - - - -

TOTAL CLAIMS:No. of Claims only



1 Claims O/S at the beginning of the period 4 8,698 - - 30 1




5 Claims Rejected 4 - 7 - - 1 6 Claims Written Back - - - - - -

7 Claims O/S at End of the period 435 8,991 2 - - 5

Less than 3months 429 2,709 2 - - 3

3 months to 6 months 6 2,290 - - - 2

6months to 1 year - 2,300 - - - -

1year and above - 1,692 - - - -

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


Form L - 41 GRIEVANCE



Fully Accepted Partial Accepted Rejected

1 Complaints made by customers

a) Death Claims - 47 5 - 42 - 47

b) Policy Servicing - 117 84 23 10 - 117

c) Proposal Processing - 53 38 9 6 - 53

d) Survival Claims - 29 15 6 8 - 29

e) Ulip Related - 1 - 1 - - 1

f) Unfair Business Practices - 1,453 393 195 864 1 1,453

g) Others - 74 35 9 30 - 74

Total Number - 1,774 570 243 960 1 1,774

2 503,450

3 344,925

4 97,690

5 83,434

6 174

7 9

8 Duration wise Pending Status Complaints

made by

Customers

Complaints made

by

Intermediaries

Total

(a) Upto 7 days 1 - 1

(b) 7 - 15 days - - -

(c) 15-30 days - - -

(d) 30-90 days - - -

(e) 90 days & Beyond - - -

Total No. of complaints 1 - 1

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

** Grievance resolved includes carry forward numbers of last quarter

1. The rejected complaints represent all the cases where company is pursuing litigation filed by the claimant and are not in the nature of complaints.

Grievance Disposal for the quarter ending June 2017

Total complaints

registered upto the

quarter during

financial year

GRIEVANCE DISPOSAL

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

Complaints Pending

Total No . of policies during previous year:

Total No. of claims during previous year

Total No. of policies during current year

Total No. of claims during current year

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

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


Form L - 41 GRIEVANCE



Fully Accepted Partial Accepted Rejected

1 Complaints made by customers

a) Death Claims - 47 4 1 41 1 47

b) Policy Servicing - 360 284 64 12 - 360

c) Proposal Processing - 570 540 16 14 - 570

d) Survival Claims - 148 111 15 22 - 148

e) Ulip Related - 4 4 - - - 4

f) Unfair Business Practices - 1,731 580 453 695 3 1,731

g) Others - 126 50 31 45 - 126

Total Number - 2,986 1,573 580 829 4 2,986

2 460,495

3 13,778

4 78,657

5 3,395

6 373

7 147

8 Duration wise Pending Status Complaints

made by

Customers

Complaints made

by

Intermediaries

Total

(a) Upto 7 days 4 - 4

(b) 7 - 15 days - - -

(c) 15-30 days - - -

(d) 30-90 days - - -

(e) 90 days & Beyond - - -

Total No. of complaints 4 - 4

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

** Grievance resolved includes carry forward numbers of last quarter

***Number does not include 77 duplicate grievances (reduction has been done from total absolute grievance number only)

1. The rejected complaints represent all the cases where company is pursuing litigation filed by the claimant and are not in the nature of complaints.

Grievance Disposal for the quarter ending June 2016

GRIEVANCE DISPOSAL

S. No. Particulars Opening Balance * Additions

Complaints Resolved/ Settled during the quarter**

Complaints Pending

Total complaints

registered upto the

quarter during

financial year***

Total No . of policies during previous year:

Total No. of claims during previous year

Total No. of policies during current year

Total No. of claims during current year

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

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


L-42- VALUATION BASIS (LIFE INSURANCE)



Period Ended June 30, 2017

1) Interest Rates Minimum Interest Rate Maximum Interest Rate

Individual Business

Life- Participating policies 5.40% 5.40%

Life- Non-participating Policies 5.20% 5.70%

Annuities- Participating policies NA NA

Annuities – Non-participating policies 4.30% 6.40%

Annuities- Individual Pension Plan 5.40% 5.40%

Unit Linked 5.00% 5.70%

Health Insurance 5.20% 5.70%

Group Business

Non-Par Single Premium 5.70% 5.70%

2)

Individual Business

Life- Participating policies

Life- Non-participating Policies

Annuities- Participating policies

Annuities – Non-participating policies

Annuities- Individual Pension Plan

Unit Linked

Health InsuranceGroup Business

Non-Par Single Premium

3)

Expenses Per Policy Premium RelatedReserve

Related

Expenses

Sum Assured RelatedPer annuity

payment

Individual Business

Life- Participating policies Rs. 605 1.10% 0.07% NA NALife- Non-participating Policies Rs. 594 1.10% 0.07% NA NAAnnuities- Participating policies NA NA NA NA NAAnnuities – Non-participating policies Rs. 319 NA 0.11% NA Rs.11Annuities- Individual Pension Plan Rs. 605 1.10% 0.07% NA NAUnit Linked Rs. 688 1.10% 0.13% NA NAHealth Insurance Rs.704 1.10% 0.07% NA NAGroup Business

Non-Par Single Premium NA 0.00% 0.07%

0.00825% of SA

(subject to maximum

Rs. 220 p.p)

NA

4) Bonus Rates

Policy

Year 0 10 20 30 40 50 60 70

3 0.36 0.69 1.40 2.70 5.65 8.41 12.61 15.61

5 0.45 0.88 1.77 3.65 7.18 12.21 16.25 20.12

10 0.56 1.09 2.18 4.55 9.16 15.60 20.63 25.54

20 0.76 1.49 3.00 6.33 13.11 22.37 29.39 36.40

30 0.89 1.73 3.47 7.31 15.13 25.70 34.22 42.36

40 1.01 1.96 3.94 8.29 17.15 29.02 39.03 NA

Policy

Year 0 10 20 30 40 50 60 70

3 0.63 0.81 1.55 2.81 4.96 6.81 10.95 14.39

5 0.68 1.00 1.95 3.81 6.29 9.89 14.10 18.54

10 1.00 1.82 3.13 5.79 9.79 15.42 21.72 28.49

20 1.84 3.36 5.83 10.96 19.07 30.08 41.81 54.69

30 2.69 4.88 8.54 16.01 27.83 43.71 61.34 80.05

40 3.05 5.57 9.73 18.14 31.54 49.36 67.08 NA

Policy

Year 0 10 20 30 40 50 60 70

3 0.80 1.02 1.97 3.56 6.28 8.63 13.87 18.24

5 0.87 1.27 2.47 4.83 7.98 12.54 17.87 23.50

10 1.27 2.31 3.96 7.33 12.41 19.54 27.52 36.10

20 2.06 3.75 6.51 12.22 21.27 33.54 46.62 60.99

30 3.00 5.45 9.52 17.85 31.04 48.75 68.40 89.28

40 3.40 6.21 10.84 20.23 35.18 55.04 74.80 NA

5) Policyholders Reasonable Expectations

NA

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

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

Mortality Rates

61 % to 569% of IALM(06-08) in Yr1 , 50%-241% of IALM(06-

08) thereafter48%-274% of IALM 06-08 in Yr 1 ,

36%-370% of IALM 06-08 thereafter

Age at entry

90% of Annuitants LIC(96-98) ultimate table along with

mortality improvement

115%-274% of IALM(06-08)

45% to 180% of IALM 06-08 in Yr1, and

45%-158% of IALM 06-08 thereafter

55% of IALM 06-08

72%-156% of IALM(06-08)

The Company's bonus system is such that the rates for each product are a function of entry age and policy duration. Specimen valuation bonus rates (per thousand sum assured) for Whole Life Par policies used in June 2017 valuation are

shown in table below.

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

Age at entry

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

Age at entry

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

Policyholders’ Reasonable Expectations were considered for valuations:

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

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

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

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

option is allowed for precisely in the valuation.

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

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

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6) Taxation and Shareholder Transfers

7)

Individual Assurance

1) Interest

2) Expense

3) Inflation

Annuities

1) Interest

a) Annuity: in payment

b) Annuity: during deferred period

c) All pension plans

2) Expense

a) Annuity in payment

b) Annuity during deferred period


3) Inflation

a) Annuity in payment

b) Annuity during deferred period


Unit Linked

1) Interest

2) Expense

3) Inflation

Health

1) Interest

2) Expense

3) Inflation

Group

1) Interest

2) Expense

3) Inflation

8) Reliances and Limitations

Shareholders’ transfers linked to bonuses and the potential liability to tax on the surplus distributed have been allowed for by grossing-up the bonus rates used in the valuation for the shareholders’ transfer rate and tax rate. Goods and

Service tax is included in the valuation, wherever applicable.

Change in Valuation Methods or Bases (Compared to 2016-17)

No Change

No Change

No Change

No Change

NA

No Change

No Change

NA

No Change

No ChangeNA

No Change

Policy data has been supplied to the Appointed Actuary and certified by the Chief Exceutive Officer to include full details of all policies where an actual or contingent liability exists. Various supplementary checks are applied to verify the

reasonableness of the data before using it for policy liability calculations and to assess the need to maintain additional reserves in respect of potential data deficiencies.

No Change

No Change

No Change

No Change

No Change

No Change

No Change

No Change

No Change

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NAME OF THE INSURER: MAX LIFE INSURANCE COMPANY … no description pages l-24 valuation of net...

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