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, 2009
(Rs. in '000s)
Particulars Schedule
Fire
Marine
Miscellaneous
Total
Fire
Marine
Miscellaneous
Total
1 Premiums earned (Net)
NL-4-
Premium
Schedule
206,419 556,338 5,112,066
5,874,823
166,222 442,620 3,929,630
4,538,472
2 Profit/ Loss on sale/redemption
of Investments
729 1,647 13,373
15,749
115 218 1,755
2,088
-
-
3
Others
813
1,768
16,250
18,831
417
997
9,394
10,808
Co-insurance Administration income 1,240 863 477
2,580
905 79 1,050
2,034
Amortisation of Investments
101
227
1,846
2,174
(390)
(743)
(5,967)
(7,100)
4
Interest, Dividend & Rent – Gross
38,054
38,696
394,116
470,866
42,679
29,472
252,379
324,530
TOTAL (A)
247,356
599,539
5,538,128
6,385,023
209,948
472,643
4,188,241
4,870,832
1 Claims Incurred (Net)
NL-5-
Claims
Schedule
116,612 532,025 2,908,057
3,556,694
65,652 361,184 2,050,277
2,477,113
2 Commission
NL-6-
Commissio
n Schedule
(254,196) (7,026) 459,447
198,225
(235,233) (16,839) 266,817
14,745
3 Operating Expenses related to
Insurance Business
NL-7-
Operating
Expenses
Schedule
153,180 262,115 2,273,218
2,688,513
125,542 195,457 1,961,343
2,282,342
Contribution towards Solatium Fund 2,303
2,303
2,595
2,595
4
Premium Deficiency
Co-insurance Administration Fees
3,794
211
583
4,588
4,119
173
669
4,961
Motor pool Administration Fees
-
-
17,343
17,343
-
-
14,395
14,395
TOTAL (B) 19,390 787,325 5,660,951 6,467,666 (39,920) 539,975 4,296,096 4,796,151
Operating Profit/(Loss) from
Fire/Marine/Miscellaneous
Business C= (A - B)
227,966 (187,786) (122,823) (82,643) 249,868 (67,332) (107,855) 74,681
APPROPRIATIONS
Transfer to Shareholders’ Account 227,966 (187,786) (122,823)
(82,643)
249,868 (67,332) (107,855)
74,681
Transfer to Catastrophe Reserve
Transfer to Other Reserves (to be
specified)
TOTAL (C) 227,966 (187,786) (122,823) (82,643) 249,868 (67,332) (107,855) 74,681
Year Ended
March 31, 2009
Year Ended
March 31, 2008
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, 2009
Particulars Schedule
Year Ended
March 31, 2009
Year Ended
March 31, 2008
(
Rs.’000
)
(
Rs.’000
)
1 OPERATING PROFIT/
(
LOSS
)
(
a
)
Fire Insurance 227,966
249,868
(
b
)
Marine Insurance
(
187,786
)
(67,332)
(
c
)
Miscellaneous Insurance
(
122,823
)
(107,855)
2 INCOME FROM INVESTMENTS
(
a
)
Interest, Dividend & Rent – Gross 217,855 187,358
(
b
)
Profit on sale of investments 9,275 1,389
Less: Loss on sale of investments - -
(c) Amortization of Debt Securities 1,280 (4,723)
3 OTHER INCOME
(
To be s
p
ecified
)
Claims Service Fees
5,664 2,719
Interest on Loan to Em
p
lo
y
ees
- 1
Miscellaneous
2,787 2,065
TOTAL
(
A
)
154,218 263,490
4 PROVISIONS
(
Other than taxation
)
(
a
)
For diminution in the value of investment
s
(
b
)
For doubtful debts 51,245 -
(
c
)
Others
(
to be s
p
ecified
)
Excess
p
rovision of earlier
y
ear written bac
k
-
(
7,280
)
5 OTHER EXPENSES
(a)
Expenses other than those related to Insurance
Business
- -
Amortization of Pre-o
p
erative Ex
p
enditure - -
Donation 215 721
(Profit) / Loss on Sale / Write off of Fixed Assets
(
Net
)
(764) (926)
(
b
)
Bad debts written off 8,568 1,754
(c)
Others (To be specified) - -
TOTAL (B) 59,264 (5,731)
Profit Before Tax 94,954 269,221
Provision for Taxation
(a) Current tax [Incl. Interest Rs.('000s) 4,332
(
Previous Year Rs.
(
'000s
)
978
)]
91,223 110,000
(
b
)
Deferred tax
(
50,126
)
(
16,962
)
(
c
)
Frin
g
e benefits tax 11,454 14,448
Profit /
(
Loss
)
After Tax
42,403 161,735
APPROPRIATIONS
(
a
)
Interim dividends
p
aid durin
g
the
y
ea
r
- -
(
b
)
Pro
p
osed final dividend - -
(
c
)
Dividend distribution tax - -
(d)
Transfer to any Reserves or Other Accounts
(to be specified)
- -
- Contin
g
enc
y
reserve for Unex
p
ired Risks
151,237
-
Balance of profit/ loss brought forward from last
349,746 188,011
Balance carried forward to Balance Sheet
240,912 349,746
FORM NL-3-B-BS
Name of the Insurer: Tata AIG General Insurance Co. Ltd.
IRDA Registration No. 108, dated January 22, 2001
BALANCE SHEET AS AT MARCH 31, 2009
Schedule
Year Ended
March 31, 2009
Year Ended
March 31, 2008
(Rs.’000)
(Rs.’000)
SOURCES OF FUNDS
SHARE CAPITAL
NL-8-Share Capital
Schedule
3,000,000 2,250,000
SHARE APPLICATION MONEY PENDING ALLOTMENT
-
-
RESERVES AND SURPLUS
NL-10-Reserves and
Surplus Schedule
392,149 349,746
FAIR VALUE CHANGE ACCOUNT
(44,820)
26,522
BORROWINGS
NL-11-Borrowings
Schedule
TOTAL
3,347,329
2,626,268
APPLICATION OF FUNDS
INVESTMENTS
NL-12-Investment Schedule
7,144,330 6,819,237
LOANS
NL-13-Loans Schedule
- -
FIXED ASSETS
NL-14-Fixed Assets
Schedule
275,453 269,179
DEFERRED TAX ASSET
74,819
24,693
CURRENT ASSETS
Cash and Bank Balances
NL-15-Cash and bank
balance Schedule
465,718 306,830
Advances and Other Assets
NL-16-Advancxes and
Other Assets Schedule
2,911,600 1,258,788
Sub-Total (A)
3,377,318
1,565,618
CURRENT LIABILITIES
NL-17-Current Liabilities
Schedule
4,310,041 2,920,979
PROVISIONS
NL-18-Provisions Schedule
3,214,550 3,131,480
DEFERRED TAX LIABILITY
-
-
Sub-Total (B)
7,524,591
6,052,459
NET CURRENT ASSETS (C) = (A - B)
(4,147,273)
(4,486,841)
MISCELLANEOUS EXPENDITURE (to the extent not written off
or adjusted)
NL-19-Miscellaneous
Expenditure Schedule
- -
DEBIT BALANCE IN PROFIT AND LOSS ACCOUNT
-
-
TOTAL
3,347,329
2,626,268
CONTINGENT LIABILITIES
Particulars
Year Ended
March 31, 2009
Year Ended
March 31, 2008
(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
35,430
-
6 Reinsurance obligations to the extent not provided for in accounts - -
7
Others (to be specified)
5,275
5,086
TOTAL
40,705
5,086
FORM NL-4-PREMIUM SCHEDULE
PREMIUM EARNED [NET]
(Rs. in '000s)
Particulars
FIRE MARINE
MISCELLANEOUS
Year Ended March
31, 2009
Motor
Workmen's
Compensation
Personal
Accident
Health
Insurance
Liability 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
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
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 Premiu
m
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
unex
p
ired 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
(Rs. in '000s)
Particulars
FIRE MARINE
MISCELLANEOUS
Year Ended March
31, 2008
Motor
Workmen's
Compensation
Personal
Accident
Health
Insurance
Liability Engineering Aviation Others Total Grand Total
Premium from direct business written
1,297,748 978,612 2,532,488 49,724 1,058,698 683,002 916,457 267,561 - 42,147 5,550,077 7,826,437
Service Tax
- - - - - - - - - -
- -
Adjustment for change in reserve for
unexpired risks
- - - - - - - - - -
- -
Gross Earned Premium
1,297,748 978,612 2,532,488 49,724 1,058,698 683,002 916,457 267,561 - 42,147 5,550,077 7,826,437
Add: Premium on reinsurance accepted
41,801 8,087 704,941 - 5,868 6,047 62,498 27,378 - 58,930 865,662 915,550
Less : Premium on reinsurance ceded
1,163,811 463,092 467,150 7,530 159,346 101,844 790,814 287,891 - 20,384 1,834,959 3,461,862
Net Premiu
m
175,738 523,607 2,770,279 42,194 905,220 587,205 188,141 7,048 - 80,693 4,580,780 5,280,125
Adjustment for change in reserve for
unex
p
ired risks
(9,516) (80,987) (289,330) (12,413) (30,203) (216,393) (51,409) 4,538 - (55,940) (651,150) (741,653)
Premium Earned (Net) 166,222 442,620 2,480,949 29,781 875,017 370,812 136,732 11,586 - 24,753 3,929,630 4,538,472
Tata AIG General Insurance Company Limited
FORM NL-5 - CLAIMS SCHEDULE
CLAIMS INCURRED [NET]
(Rs. in '000s)
Particulars
FIRE MARINE
MISCELLANEOUS
Year Ended March
31, 2009
Motor
Workmen's
Compensation
Personal
Accident
Health
Insurance
Liability 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
(Rs. in '000s)
Particulars
FIRE MARINE
MISCELLANEOUS
Year Ended March
31, 2008
Motor
Workmen's
Compensation
Personal
Accident
Health
Insurance
Liability Engineering Aviation Others Total Grand Total
Claims paid - Direct
554,312 548,196 1,262,774 7,749 190,910 226,006 45,306 65,163
- 1,233 1,799,141 2,901,649
Add Claims Outstanding at the end 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
Less Claims Outstanding at the beginning of
the year
49,354 149,928 531,556 10,909 47,935 138,917 70,732 8,307 - 99
808,455 1,007,737
Gross Incurred Claims
563,069 604,916 1,336,812 13,690 219,195 317,854 58,640 66,002 - 6,367 2,018,560 3,186,545
Add :Re-insurance accepted to direct
claims
169 4,880 428,217 - - - 255 7,066 - -
435,538 440,587
Less :Re-insurance Ceded to claims paid
497,586 248,612 234,555 1,458 29,810 40,018 30,948 66,817 - 215
403,821 1,150,019
Net Premium 65,652 361,184 1,530,474 12,232 189,385 277,836 27,947 6,251 - 6,152 2,050,277 2,477,113
Tata AIG General Insurance Company Limited
FORM NL-6-COMMISSION SCHEDULE
(Rs. in '000s)
Particulars FIRE MARINE MISCELLANEOUS
Year Ended
March 31, 2009
Motor
Workmen's
Compensation
Personal
Accident
Health
Insurance
Liability 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
(Rs. in '000s)
Particulars FIRE MARINE MISCELLANEOUS
Year Ended
March 31, 2008
Motor
Workmen's
Compensation
Personal
Accident
Health
Insurance
Liability Engineering Aviation Others Total Grand Total
Commission Paid - Direct 76,513 100,307 147,593 3,168 86,282 52,267 98,255 10,690 - 2,948 401,203 578,023
Add: Reinsurance accepted 4,818 - 96,325 - 1,760 1,814 3,343 1,229 - 17,679 122,150 126,968
Less : Reinsurance ceded 316,564 117,146 51,323 1,525 39,835 25,245 45,798 91,914 - 896 256,536 690,246
Net Commission (235,233) (16,839) 192,595 1,643 48,207 28,836 55,800 (79,995) - 19,731 266,817 14,745
Break up of Gross Commission
Agents 22,015 28,191 91,158 1,364 14,423 21,952 9,507 3,330 - 2,218 143,952 194,158
Brokers 46,130 67,900 11,159 1,771 15,752 10,373 87,811 6,347 - 427 133,640 247,670
Corporate Agents 8,368 4,216 45,276 33 56,107 19,942 937 1,013 - 303 123,611 136,195
Referral - - - - - - - - - - - -
76,513 100,307 147,593 3,168 86,282 52,267 98,255 10,690 - 2,948 401,203 578,023
FORM NL-7-OPERATING EXPENSES SCHEDULE
OPERATING EXPENSES RELATED TO INSURANCE BUSINESS
(Rs. in '000s)
FIRE MARINE MISCELLANEOUS
Year Ended
March 31, 2009
FIRE MARINE
Motor
Workmen's
Compensation
Personal
Accident
Health
Insurance
Liability 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
(Refer Notes 11 and 24 of Schedule 16)
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-7-OPERATING EXPENSES SCHEDULE
OPERATING EXPENSES RELATED TO INSURANCE BUSINESS
(Rs. in '000s)
FIRE MARINE MISCELLANEOUS
Year Ended
March 31, 2008
Motor
Workmen's
Compensation
Personal
Accident
Health
Insurance
Liability Engineering Aviation Others Total Grand Total
Employees’ remuneration and welfare benefits 53,924 87,047 276,793 4,525 145,372 94,302 96,227 15,300 - 5,154 637,673 778,644
(Refer Notes 11 and 24 of Schedule 16) -
Travel, conveyance and vehicle running expenses 3,803 5,046 16,031 246 9,328 6,051 5,999 942 - 299 38,896 47,745
Training expenses 1,183 2,558 9,487 126 3,444 2,234 2,893 118 - 177 18,479 22,220
Rents, rates and taxes 11,790 19,836 152,256 869 59,127 38,356 19,250 3,321 - 2,835 276,014 307,640
Repairs 869 1,753 7,418 115 2,996 1,944 2,063 170 - 138 14,844 17,466
Printing and Stationery 1,303 3,072 12,277 171 9,186 5,959 3,099 251 - 229 31,172 35,547
Communication 3,219 6,643 25,912 448 22,536 19,553 8,046 520 - 483 77,498 87,360
Legal and Professional charges 23,571 27,690 113,451 902 112,759 73,147 21,800 17,348 - 2,114 341,521 392,782
Auditors' fees, expenses etc.
a) as auditors 115 246 999 19 407 264 319 13 - 18 2,039 2,400
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 59 125 508 10 208 135 162 9 - 10 1,042 1,226
d) out of pocket expenses 7 13 56 1 23 15 17 1 - 1 114 134
Advertisement and publicity 2,044 1,798 34,868 11 43,184 28,013 776 273 - 649 107,774 111,616
Interest and Bank Charges 610 1,293 5,569 100 10,747 6,972 1,674 79 - 104 25,245 27,148
Others: -
Direct Telemarketing costs 8,011 9,412 38,560 307 38,325 24,861 7,410 5,897 - 718 116,078 133,501
Agents Training 1,535 2,825 38,863 111 9,692 6,287 2,137 267 - 724 58,081 62,441
Business Development Expenses 1,416 1,460 12,837 4 2,934 1,903 563 753 - 239 19,233 22,109
Foreign Exchange (Gain) / Loss 65 125 498 9 209 136 156 19 - 9 1,036 1,226
Information Technology Expenses 4,697 9,983 42,692 760 16,545 10,733 12,772 658 - 795 84,955 99,635
Miscellaneous Expenses 927 2,604 4,802 60 2,249 1,459 1,548 460 - 90 10,668 14,199
Depreciation/ Amortisation 6,394 11,928 42,831 666 24,302 15,765 12,935 1,684 - 798 98,981 117,303
Total 125,542 195,457 836,708 9,460 513,573 338,089 199,846 48,083 - 15,584 1,961,343 2,282,342
Tata AIG General Insurance Company Limited
FORM NL-8-SHARE CAPITAL SCHEDULE
SHARE CAPITAL
Particulars As at
March 31, 2009
As at
March 31, 2008
(Rs.’000).
(Rs.’000).
1
Authorised Capital
450,000,000 (Previous Year :
225,000,000) Equity Shares of Rs.10
each
4,500,000 2,250,000
2
Issued Capital
300,000,000 (Previous Year :
225,000,000) Equity Shares of Rs.10
each
3,000,000 2,250,000
3
Subscribed Capital
300,000,000 (Previous Year :
225,000,000) Equity Shares of Rs.10
each
3,000,000 2,250,000
4
Called-up Capital
300,000,000 (Previous Year :
225,000,000) Equity Shares of Rs.10
each
3,000,000 2,250,000
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
2,250,000
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% 166,500,000 74%
•
Foreign - AIG MEMSA Holdings Inc.
78,000,000 26% 58,500,000 26%
Others
-
-
-
-
TOTAL
300,000,000
100%
225,000,000
100%
As at March 31, 2008As at March 31, 2009
Tata AIG General Insurance Company Limited
FORM NL-10-RESERVE AND SURPLUS SCHEDULE
RESERVES AND SURPLUS
Particulars
As at March 31, 2009
As at March 31, 2008
(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
-
(Refer Note 31 of Schedule 16)
6
Other Reserves (to be specified)
7
Balance of Profit in Profit & Loss Account
240,912
349,746
TOTAL
392,149
349,746
4
Tata AIG General Insurance Company Limited
FORM NL-11-BORROWINGS SCHEDULE
BORROWINGS
Particulars As at March 31, 2009 As at March 31, 2008
(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, 2009
As at March 31, 2008
(Rs.’000).
(Rs.’000).
LONG TERM INVESTMENTS
1 Government securities and Government
guaranteed bonds including Treasury Bills
2,105,115 2,453,976
2
Other Approved Securities
397,199
541,558
3
Other Investments
( a) Shares
(aa)
Equity
-
-
(bb)
Preference
-
-
( b) Mutual Funds
-
-
(c)
Derivative Instruments
-
-
(d)
Debentures/ Bonds
20,650
20,850
(e)
Other Securities (to be specified)
-
-
(f)
Subsidiaries
-
-
(g)
Investment Properties-Real Estate
-
-
4 Investments in Infrastructure and Social Sector 2,152,044 849,429
5
Other than Approved Investments
-
-
SHORT TERM INVESTMENTS
1 Government securities and Government
guaranteed bonds including Treasury Bills
1,095,200 1,337,842
2
Other Approved Securities
1,245,701
1,101,396
3
Other Investments
(a) Shares
(aa)
Equity
28,592
19,933
(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 99,829 494,253
5
Other than Approved Investments
-
-
TOTAL
7,144,330
6,819,237
Tata AIG General Insurance Company Limited
FORM NL-13-LOANS SCHEDULE
LOANS
Particulars
As at March 31, 2009
As at March 31, 2008
(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)
Particulars
On Sales/
Adjustments
Goodwill
-
-
-
-
-
-
-
-
-
-
Intangibles (specify)
242,278
28,896
-
271,174
176,916
31,364
-
208,280
62,894
65,362
Land-Freehold
-
-
-
-
-
-
-
-
Leasehold Property
123,189
11,675
-
134,864
99,770
17,432
117,202
17,662
23,419
Buildings
-
-
-
-
-
-
-
Furniture & Fittings
49,682
708
260
50,130
38,241
5,271
223
43,289
6,841
11,441
Information Technology
Equipment
316,074 75,890 20,089 371,875 196,563 49,051 17,056 228,558 143,317 119,511
Vehicles
18,729
6,591
4,936
20,384
8,261
3,833
4,125
7,969
12,415
10,468
Office Equipment
83,649
14,508
6,991
91,166
54,376
12,145
4,685
61,836
29,330
29,273
Others (Specify nature)
-
-
-
-
-
-
-
-
-
-
TOTAL
833,601
138,268
32,276
939,593
574,127
119,096
26,089
667,134
272,459
259,474
Work in progress
2,994
9,705
Grand Total
833,601
138,268
32,276
939,593
574,127
119,096
26,089
667,134
275,453
269,179
PREVIOUS YEAR
754,570
94,040
15,009
833,601
470,940
117,303
14,116
574,127
269,179
Tata AIG General Insurance Company Limited
To Date
Cost/ Gross Block Depreciation Net Block
Closing Up to Last
Year
For The Period
As at 31 March,
2009
As at 31 March,
2008
Opening Additions Deductions
FORM NL-15-CASH AND BANK BALANCE SCHEDULE
CASH AND BANK BALANCES
Particulars
As at 31 March, 2009 As at 31 March, 2008
(Rs.’000)
(Rs.’000)
1 Cash (including cheques, drafts and
stamps)
245,661 145,874
2
Bank Balances
(a)
Deposit Accounts
(aa) Short-term (due within 12
months)
- -
(bb) Others
-
-
(b)
Current Accounts
220,057
160,956
(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
465,718
306,830
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, 2009
As at March 31, 2008
(Rs.’000).
(Rs.’000).
ADVANCES
1 Reserve deposits with ceding companies - -
2
Application money for investments
-
-
3
Prepayments
37,664
27,953
4
Advances to Directors/Officers
-
-
5 Advance tax paid and taxes deducted at
source (Net of provision for taxation)
22,078 10,584
6
Others
Advance to Employees
798
832
Advance to Suppliers
14,171
5,128
Claims Recoverable
9,805
18,433
TOTAL (A)
84,516
62,930
OTHER ASSETS
1
Income accrued on investments
147,685
106,429
2
Outstanding Premiums
45,381
51,969
3
Agents’ Balances
49,358
56,973
4
Foreign Agencies Balances
5 Due from other entities carrying on
insurance business
2,221,021 789,350
(including reinsurers)
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
96
53
Deposits for Office Premises
89,242
87,072
Deposit for Office Premises jointly with
Tata AIG Life Insurance Company
Limited
- -
Deposits with Telecom Authorities and
Housing Deposits for employees
13,238 23,625
Earnest Money Deposit
1,500
2,000
Other Deposits
40,545
-
Balance due from AIG entities
30,610
6,772
Balance due from Tata AIG Life
Insurance Company Limited
2,833 13,507
Service tax unutilised credit
139,982
58,108
Receivable from Service Providers
45,593
TOTAL (B)
2,827,084
1,195,858
TOTAL (A+B)
2,911,600
1,258,788
Tata AIG General Insurance Company Limited
FORM NL-17-CURRENT LIABILITIES SCHEDULE
CURRENT LIABILITIES
Particulars
As at March 31, 2009
As at March 31, 2008
(Rs.’000).
(Rs.’000).
1
Agents’ Balances
47,286
35,276
2 Balances due to other insurance
companies
504,156 815,781
3 Deposits held on re-insurance
ceded
- -
4
Premiums received in advance
463,588
333,600
5
Unallocated Premium
52,582
26,994
6
Sundry creditors
334,113
281,863
7 Due to subsidiaries/ holding
company
8
Claims Outstanding
2,771,110
1,292,633
9
Due to Officers/ Directors
10
Others (to be specified)
Due to AIG entities
50,294
39,705
Deposit from Service Providers
25,721
-
Due to Environment Relief Fund
2,542
40,194
Due to Solatium Fund
1,118
727
Due to Statutory Authorities
46,482
51,941
Payable on purchase of
investments
28 3
Service Tax Liability
11,021
2,262
TOTAL
4,310,041
2,920,979
Tata AIG General Insurance Company Limited
FORM NL-18-PROVISIONS SCHEDULE
PROVISIONS
Particulars
As at March 31, 2009
As at March 31, 2008
(Rs.’000).
(Rs.’000).
1
Reserve for Unexpired Risk
3,040,000
3,039,954
2 For taxation (less advance tax paid and
taxes deducted at source)
174,550 91,526
3
For proposed dividends
-
-
4
For dividend distribution tax
-
-
5
Others (to be specified)
6
Reserve for Premium Deficiency
TOTAL
3,214,550
3,131,480
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, 2009
As at March 31, 2008
(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, 2009
(Rs in '000's)
Cash Flows from the operating activities:
Premium received from policyholders, including advance receipts 9,694,299
Other receipts 301
Payments to the re-insurers, net of commissions and claims (1,967,428)
Payments to co-insurers, net of claims recovery (188,878)
Payments of claims (4,057,079)
Payments of commission and brokerage (538,864)
Payments of other operating expenses (2,842,733)
Preliminary and pre-operative expenses
Deposits, advances and staff loans 4,025
Income taxes paid (Net) (30,412)
Service tax paid (718,560)
Other payments
Cash flows before extraordinary items (645,329)
Cash flow from extraordinary operations
Net cash flow from operating activities (645,329)
Cash flows from investing activities:
Purchase of fixed assets (136,814)
Proceeds from sale of fixed assets 6,951
Purchases of investments (84,822,008)
Loans disbursed
Sales of investments 84,454,076
Repayments received
Rents/Interests/ Dividends received 546,537
Investments in money market instruments and in liquid mutual funds (Net)*
Expenses related to investments
Net cash flow from investing activities 48,743
Cash flows from financing activities:
Proceeds from issuance of share capital 750,000
Proceeds from borrowing
Repayments of borrowing
Interest/dividends paid
Net cash flow from financing activities 750,000
Effect of foreign exchange rates on cash and cash equivalents, net
Net increase in cash and cash equivalents: 153,413
Cash and cash equivalents at the beginning of the year 306,830
Cash and cash equivalents at the end of the year 460,243
____________________________________________________________________________________________
NL-21-Liab IRDA Periodic Disclosures
FORM NL-21
Statement of Liabilities
Insurer: Tata AIG General Insurance Co. Ltd. Date:
(Rs in Lakhs)
Sl.No. Particular
Reserves for
unexpired risks
Reserve for
Outstanding Claims
IBNR Reserves Total Reserves
Reserves for
unexpired risks
Reserve for
Outstanding Claims
IBNR Reserves Total Reserves
1
Fire
1,843 394 265 2,502 1,611 515 66 2,192
2
Marine
- - - - - - - -
a
Marine Cargo
2,945 2,053 927 5,926 2,618 1,608 458 4,685
b
Marine Hull
- - - - - - - -
3
Miscellaneous
- - - - - - - -
a
Motor
10,816 5,837 1,322 17,976 11,630 4,856 1,200 17,686
b
Engineering
58 166 85 309 57 40 51 149
c
Aviation
- - - - - - - -
d
Liabilities
4,115 678 965 5,758 3,560 507 502 4,569
e
Others
586 63 39 689 583 40 12 636
4
Health Insurance
8,859 2,414 1,554 12,827 7,462 2,124 946 10,532
5
Total Liabilities
29,223 11,606 5,158 45,986 27,521 9,691 3,235 40,447
As at March 31, 2008
PERIODIC DISCLOSURES
31-Mar-09
Statement of Liabilities
As at March 31, 2009
Page 1 of 1
FORM NL-26 - CLAIMS INFORMATION - KG Table I
Insurer : Tata AIG General Insurance Co. Ltd.
Solvency for the year ended March 31, 2009
Required solvency margin based on net premium and net incurred claims (Rs. in Lacs)
RSM
1 Fire 16,378 2,297 10,151 1,166 1,638 1,523 1,638
2 Marine Cargo 11,182 5,891 10,921 5,320 1,342 1,966 1,966
3 Marine Hull - - - - - - -
4 Motor 24,977 21,012 15,965 11,795 4,202 3,592 4,202
5 Engineering 3,563 73 9,496 248 356 1,424 1,424
6 Aviation - - - - - - -
7 Laibilities 11,605 4,041 3,491 928 1,741 786 1,741
8 Others 1,348 782 518 473 189 142 189
9 Health 19,697 17,717 9,713 7,772 3,543 2,332 3,543
Total
88,749
51,812
60,256
27,702
13,011
11,764
14,703
Item
No. Description
PREMIUM
Gross
Premium
Net
Premium
Gross
incurred claim
Net
incurred
Claim RSM-1 RSM-2
NL-27-Off Op IRDA Periodic Disclosures
FORM NL-27 Offices information for Non-Life
Insurer: Tata AIG General Insurance Co Ltd Date: 31.03.2009
Sl. No.
1
2
3
Out of approvals of
previous year
4
Out of approvals of this
year
5
6
7
8
9
PERIODIC DISCLOSURES
Number
42
Office Information
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
7
No. of branches approved but not opend
No. of rural branches
No. of urban branches 48
FORM NL-28-STATEMENT OF ASSETS - 3B
Company Name & Code: Tata AIG General Insurance Co. Ltd. - Code 108
Statement as on: 31-Mar-2009
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 71,443
2 Loans 9 -
3 Fixed Assets 10 2,755
4 Current Assets -
a. Cash & Bank Balance 11 4,657
b. Advances & Other Assets 12 29,116
5 Current Liabilities -
a. Current Liabilities 13 43,100
b. Provisions 14 32,146
c. Misc. Exp not Written Off 15 -
d. Debit Balance of P&L A/c -
Application of Funds as per Balance Sheet (A) 32,725
Less: Other Assets SCH Amount
1 Loans (if any) 9 -
2 Fixed Assets (if any) 10 2,755
3 Cash & Bank Balance (if any) 11 4,657
4 Advances & Other Assets (if any) 12 29,116
5 Current Liabilities 13 43,100
6 Provisions 14 32,146
7 Misc. Exp not Written Off 15 -
8 Debit Balance of P&L A/c -
TOTAL (B) (38,718)
'Investment Assets' As per FORM 3B (A-B) 71,443
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:
NL-29-Debt Sec IRDA Periodic Disclosures
FORM NL-29
Detail regarding debt securities
Insurer: Tata AIG General Insurance Co Ltd Date: 31.03.2009
(Rs in Lakhs)
As at March 31,
2009
as % of total for
this class
As at March 31,
2008
as % of total for
this class
As at March 31,
2009
as % of total for
this class
As at March 31,
2008
as % of total for
this class
Break down by credit
rating
AAA rated 29,826 47% 19,173 33% 29,455 46% 19,400 33%
AA or better 1,954 3% 1,952 3% 2,000 3% 2,000 3%
Rated below AA but above A 201 0% 197 0% 206 0% 209 0%
Rated below A but above B - 0% - 0% - 0% - 0%
Any other 31,848 50% 37,049 63% 32,003 50% 37,918 64%
BREAKDOWN BY
RESIDUALMATURITY
Up to 1 year 16,984 27% 20,743 36% 16,914 27% 20,869 35%
more than 1 yearand upto
3years
19,385 30% 16,590 28% 18,958 30% 16,835 28%
More than 3years and up to
7years
24,482 38% 16,750 29% 24,658 39% 17,070 29%
More than 7 years and up to
10 years
2,978 5% 4,287 7% 3,134 5% 4,753 8%
above 10 years - 0% - 0% - 0%
Breakdown by type of the
issurer
a. Central Government 31,848 50% 37,049 63% 32,003 50% 37,918 64%
b. State Government - 0% - 0% - 0% - 0%
c.Corporate Securities 31,981 50% 21,322 37% 31,661 50% 21,609 36%
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-09
(RsinLakhs)
Sl.No. Particular
Year Ended March
31, 2009
Year Ended March
31, 2008
1 Gross Premium Growth Rate 9% 18%
2 Gross Premium to shareholders' fund ratio 286% 333%
3 Growth rate of shareholders'fund 27% 7%
4 Net Retention Ratio 61% 60%
5 Net Commission Ratio 3% 0%
6
Expense of Management to Gross Direct Premium Ratio
33% 29%
7 Combined Ratio 77% 72%
8 Technical Reserves to net premium ratio 99% 82%
9 Underwriting balance ratio -10% -5%
10 Operationg Profit Ratio -1% 1%
11 Liquid Assets to liabilities ratio 11% 11%
12 Net earning ratio 1% 3%
13 return on net worth ratio 1% 6%
14
Available Solvency argin Ratio to Required Solvency
Margin Ratio
197% 191%
15 NPA Ratio
Gross NPA Ratio
Net NPA Ratio
(RsinLakhs)
1 (a) No. of shares 300,000,000 225,000,000
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)
0.16 0.72
5
(b) Basic and diluted EPS after extraordinary items (net of
tax expense) for the period (not to be annualized)
0.16 0.72
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 1 of 1
NL-31-Rel Par IRDA Periodic Disclosures
Insurer: Tata AIG General Insurance Co Ltd Date: 31.03.2009
(Rs in Lakhs)
2008-09 2007-08
1
Infiniti Retail Limited (formerly Value Electronics
Limited)
Fellow Subsidiary Receiving of Services
22 3
2 Tata AIG Life Insurance Company Limited Fellow Subsidiary Receiving of Services
357 494
3 Tata Business Support Services Limited Fellow Subsidiary Receiving of Services
438 128
4 Tata Consultancy Services Limited Fellow Subsidiary Receiving of Services
546 434
5 Tata Teleservices (Maharashtra) Limited Fellow Subsidiary Receiving of Services
79 125
6 Tata Teleservices Limited Fellow Subsidiary Receiving of Services
74 60
7
TC Travel And Services Limited (W.E.F.
15.10.08)
Fellow Subsidiary Receiving of Services
33 -
8 Tata Sons Ltd Holding Company Receiving of Services
1 1
9 Tata AIG Life Insurance Company Limited Fellow Subsidiary Services Provided
206
230
10
AIG Memsa Holding Inc. (Now known as Chartis
Memsa Holding Inc.)
Company having
Substantial Interest
Services Provided
- 124
11 Tata AIG Life Insurance Company Limited Fellow Subsidiary Rent Expenditure
-
28
12 CMC Limited Fellow Subsidiary Premium Income
2
1
13 Computational Research Laboratories Limited Fellow Subsidiary Premium Income
23 24
14 Concept Marketing and Advertising Limited Fellow Subsidiary Premium Income
0
-
15
Infiniti Retail Limited (formerly Value Electronics
Limited)
Fellow Subsidiary Premium Income
16 26
16 Tata AIG Life Insurance Company Limited Fellow Subsidiary Premium Income
123
95
17 Tata Asset Management Limited Fellow Subsidiary Premium Income
2
1
18 Tata Business Support Services Limited Fellow Subsidiary Premium Income
36
4
19 Tata Capital Limited Fellow Subsidiary Premium Income
6
-
20 Tata Consultancy Services Limited Fellow Subsidiary Premium Income
469
594
21 Tata Internet Services Limited Fellow Subsidiary Premium Income
2
2
22 Tata Petrodyne Limited Fellow Subsidiary Premium Income
1
1
23 Tata Realty and Infrastructure Limited Fellow Subsidiary Premium Income
3
3
24 Tata Securities Limited Fellow Subsidiary Premium Income
2
1
25 Tata Sky Limited Fellow Subsidiary Premium Income
0
5
26 Tata Sons Limited Holding Company Premium Income
9
50
27 Tata Teleservices (Maharashtra) Limited Fellow Subsidiary Premium Income
-
2
28 Tata Teleservices Limited Fellow Subsidiary Premium Income
48
12
29
Tata Consulting Engineers Limited (formerly TCE
Consulting Engineers Limited)
Fellow Subsidiary Premium Income
1 2
30 THDC Limited Fellow Subsidiary Premium Income
-
2
31 C-Edge Technologies Ltd. Fellow Subsidiary Premium Income
0
-
32 TRIF Investment Management Limited Fellow Subsidiary Premium Income
19
-
33 Tata Investment Corporation Limited Fellow Subsidiary Premium Income
-
0
34
Infiniti Retail Limited (formerly Value Electronics
Limited)
Fellow Subsidiary Claims Paid
0 -
35 Tata AIG Life Insurance Company Limited Fellow Subsidiary Claims Paid
76
11
36 Tata Business Support Services Limited Fellow Subsidiary Claims Paid
1
0
37 Tata Consultancy Services Limited Fellow Subsidiary Claims Paid
13
30
38 Tata Realty and Infrastructure Limited Fellow Subsidiary Claims Paid
-
0
39 Tata Securities Limited Fellow Subsidiary Claims Paid
0
0
40 Tata Sky Limited Fellow Subsidiary Claims Paid
-
4
41 Tata Sons Limited Holding Company Claims Paid
1
1
42 Tata Teleservices Limited Fellow Subsidiary Claims Paid
25
2
43 Computational Research Laboratories Limited Fellow Subsidiary Claims Paid
- 0
44
Tata Consulting Engineers Limited (formerly TCE
Consulting Engineers Limited)
Fellow Subsidiary Claims Paid
- 0
45 Tata Business Support Services Limited Fellow Subsidiary
Amount due to the
entity
- 81
46 Tata Consultancy Services Limited Fellow Subsidiary
Amount due to the
entity
43 68
47 Tata Teleservices Limited Fellow Subsidiary
Amount due to the
entity
0 17
48
Infiniti Retail Limited (Formerly Value Electronics
Limited)
Fellow Subsidiary
Amount due to the
entity
0 -
49 Tata Teleservices (Maharashtra) Limited Fellow Subsidiary
Amount due to the
entity
11 28
50 TC Travel& Services Limited (W.E.F. 15.10.08) Fellow Subsidiary
Amount due to the
entity
4 -
51 Tata AIG Life Insurance Company Limited Fellow Subsidiary
Amount due from the
entity
17 135
52
AIG Memsa Holding Inc. (Now known as Chartis
Memsa Holding Inc.)
Company having
Substantial Interest
Amount due from the
entity
- 64
53 Tata Sons Ltd Holding Company
Issue of equity share
capital
5,550 -
54
AIG Memsa Holding Inc. (Now known as Chartis
Memsa Holding Inc.)
Company having
Substantial Interest
Issue of equity share
capital
1,950 -
55 Tata AIG Life Insurance Company Limited Fellow Subsidiary
Purchase of Fixed
Assets
- 0
56 Mr. Gaurav Garg (since 01.07.07)
Key Management
Personnel
Remuneration Paid
151 123
57
Mr. Dalip Verma (upto 30.04.07)
Key Management
Personnel
Remuneration Paid
- 8
58
Mr. Michael Carlin (01.05.07 to 30.06.07)
Key Management
Personnel
Remuneration Paid
- 10
PERIODIC DISCLOSURES
FORM NL-31
Related Party Transactions
Consideration paid / received
Sl.No. Name of the Related Party
Nature of Relationship
with the Company
Description of
Transactions /
Categories
FORM NL-33 - SOLVENCY MARGIN - KGII
TABLE - II
Insurer: Tata AIG General Insurance Co. Ltd.
Solvency for the Year ended on 31-Mar-09
Available Solvency Margin and Solvency Ratio
(Rs. in Lacs)
Item Description Notes No.
A
moun
t
(1) (2) (3) (4)
1 Available Assets in Policyholders’ Funds (adjusted value 59,657
of Assets as mentioned in Form IRDA-Assets-AA): -
Deduct: -
2 Liabilities (reserves as mentioned in Form HG) 45,986
-
3 Other Liabilities (other liabilities in respect of 17,135
Policyholders’ Fund as mentioned in Balance Sheet)
4 Excess in Policyholders’ Funds (1-2-3) (3,463)
5 Available Assets in Shareholders’ Funds (value of 32,409
Assets as mentioned in Form IRDA-Assets-AA): 18331.92
Deduct:
6 Other Liabilities (other liabilities in respect of -
Shareholders’ Fund as mentioned in Balance Sheet)
7 Excess in Shareholders’ Funds (5-6) 32,409
8 Total Available Solvency Margin [ASM] (4+7) 28,946
9 Total Required Solvency Margin [RSM] 14,703
10 Solvency Ratio (Total ASM/Total RSM) 1.97
FORM NL-35-NON PERFORMING ASSETS-7A
Company Name & Code: Tata AIG General Insurance Co. Ltd. - Code 108
Statement as on:31-Mar-09
Details of Investment Portfolio
Periodicity of Submission : Quarterly
%
Has there
been
revision?
Amount
Board
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.
Date: Signature
Full Name & Designation
Note:
A. Category of Investmet (COI) shall be as per INV/GLN/001/2003-04
B. FORM 7A shall be submitted in respect of each 'fund'.
C. Classification shall be as per F&A-Circulars-169-Jan-07 Dt.24-01-07.
J HARI NARAYAN, CHAIRMAN
[ADVT/III/IV/161/Exty.]
Interest Due
from
Deferred
Principal
Deferred
Interest
Provision (Rs)
Rolled
Over?
Has there been any Principal
Waiver?
Classification
Provision
(%)
NIL
Name of the Fund
COI Company Name
Instrument
Type
Interest Rate
Total O/s
(Book Value)
Default
Principal
(Book Value)
Default
Interest (Book
Value)
Principal
Due from
FORM NL-36-YIELD ON INVESTMENTS 1
COMPANY NAME: Tata AIG General Insurance Company Limited
CODE : 108
STATEMENT AS ON : 31/03/2009
STATEMENT OF INVESTMENT AND INCOME ON INVESTMENT
PERIODICITY OF SUBMISSION : QUARTERLY
Rs. In Lakhs
INVESTMENT
INCOME
GROSS
YIELD
NET
YIELD
INVESTMENT
INCOME
GROSS
YIELD
NET
YIELD
INVESTMENT
INCOME
GROSS
YIELD
NET
YIELD
A. CENTRAL GOVERNMENT SECURITIES
A01 Central Government Bonds CGSB
16,456.21 352.48 6.20% 6.20% 16,456.21
1,238.40
6.20% 6.20% 37,918.18 2,538.29 7.60% 7.60%
A02 Special Deposits CSPD
- - -
A03 Deposit under Section 7 of Insurance Act, 1938 CDSS
1,538.31 25.18 6.60% 6.60% 1,538.31
100.73
6.60% 6.60%
A04 Treasury Bills CTRB
0.00 13.57 6.89% 6.89% 0.00
67.82
6.89% 6.89%
-
B. GOVERNMENT SECURITIES/ OTHER APPROVED SECURITIES
-
B01 Central Government Guaranteed Loans / Bonds CGSL
14,008.63 356.22 7.21% 7.21% 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
-
- - - 77.98 13.66% 13.66%
C08
Bonds/Deb isued by authority approved by Govt
HTDA
6,936.12
180.33
9.25% 9.25%
6,936.12 737.75 9.25%
9.25%
4,863.34 341.18 9.74% 9.74%
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
15,481.92
354.28
9.66% 9.66%
15,481.92 1,145.17 9.66%
9.66%
13,436.82 899.30 9.01% 9.01%
D08 Infrastructure - PSU- CPs IPCP
-
- -
D09 Infrastructure - Other Corporate sec- Deb / Bonds ICTD
7,036.81
164.96
9.43% 9.43%
7,036.81 569.07 9.43%
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 -
E01 PSU -Eq Shares quoted EAEQ
335.61
3.19
7.80% 7.80%
335.61 7.77 7.80%
7.80%
332.89 3.12 1.37% 1.37%
E02 Corp Sec -Eq Shares quoted EACE
971.97
0.69
7.80% 7.80%
971.97 65.37 7.80%
7.80%
1,255.89 4.87 0.59% 0.59%
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
2,000.00
42.64
8.22% 8.22%
2,000.00 228.03 8.22%
8.22%
E06 Corporate Sec- Bonds - Tax free EPBF
-
0.26-
7.80% 7.80%
- 0.99 7.80%
7.80%
100.13 6.01 6.16% 6.16%
E07 Corporate Sec- Preference Shares EPNQ
-
- -
E08 Corporate Sec- Inv in subsidiaries ECIS
-
- -
E09 Corporate Sec- Debentures ECOS
-
- - 3,000.00 310.71 8.64% 8.64%
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
6,185.30
78.54
8.00% 8.00%
6,185.30 258.19 8.00%
8.00%
1,879.11 169.18 9.59% 9.59%
E18 Deposit - Repo / Reverse Repo ECMR
0.00
32.66
5.10% 5.10%
0.00 235.13 5.10%
5.10%
4,998.18 156.28 4.28% 4.28%
E19 Deposit with PDs duly recognised by RBI EDPD
-
- -
E20 CCIL-CBLO ECBO
-
- -
E21 Commercial Papers ECCP
- 0.00
4.50
12.21% 12.21%
0.00- 100.49 12.21%
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
206.50
4.55
8.51% 8.51%
206.50 17.50 8.51%
8.51%
208.50 51.78 11.94% 11.94%
F02 Bonds - PSU - Tax Free OBPF
-
- -
F03 Eq.Shares OESH
285.92
0.00
7.80% 7.80%
285.92 10.09 7.80%
7.80%
199.33 10.80 5.97% 5.97%
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
-
0.00
7.80% 7.80%
- 2.03 7.80%
7.80%
- 36.84 -200.03% -200.03%
F14 MF - Under Promoters group OMPG
-
- -
F15 Derivative Instruments OCDI
-
- -
F16 Securitised Assets OPSA
-
- -
F17 Investment properties - Immovable OIPI
-
- -
Total 71,443.29 1,613.55 71,443.29 6,162.68 68,192.37 4,606.33
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 :04/05/2009
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 Jan09- Mar09 KOUSHIK GOPINATH
CHIEF INVESTMENT OFFICER
YEAR TO DATE
3/31/2008
NO. CATEGORY OF INVESTMENT
CAT
CODE
CURRENT QUARTER
FORM NL-37-DOWN GRADING OF INVESTMENT-2
COMPANY NAME: Tata - AIG General Insurance Com
p
an
y
Limited
CODE : 108
STATEMENT AS ON : 31/03/2009
STATEMENT OF DOWN GRADED INVESTMENTS
PERIODICITY OF SUBMISSION : QUARTERLY
Rs. In Lakhs
NO PARTICULARS OF INVESTMENT
CAT
CODE
AMOUNT (AS
PER BALANCE
SHEET
)
DATE OF
PURCHASE
RATING
AGENCY
ORIGINAL
GRADE
CURRENT GRADE
DATE OF
DOWNGRADE
REMARKS
A.
DURING THE QUARTER :
B. AS ON DATE :
1 9.75% HUDCO Bonds 2012 OBPT 206.50 8/29/2002 CRISIL AA+ AA- 6/1/2003 Downgrade
2 8.40% Citifinancial Consumer Finance India Ltd 2009 EPBT 1,500.00 5/8/2006 ICRA LAAA AA+ 12/24/2008 Downgrade
3 9.40-9.45 Citifinancial Consumer Finance India Ltd.2010 EPBT 500.00 1/12/2007 ICRA LAAA AA+ 12/24/2008 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
DATE :04/05/2009
KOUSHIK GOPINATH
CHIEF INVESTMENT OFFICER
NIL
FORM NL-39 Rural & Social Obligations
Insurer:
Tata AIG General Insurance Co Ltd
Date:
31.03.2009
(Rs in Lakhs)
Sl.No.
Line of Business
Particular
No. of Policies Issued
Premium Collected
Sum Assured
Rural 932 369
Social
Rural 264 273
Social
Rural - -
Social
Rural 106,288 3,479
Social
Rural 18 27
Social
Rural 1,114 126
Social
Rural 127 228
Social
Rural
Social
Rural 24,693 386
Social 9 6
Rural 23,235 532
Social
Rural 19,633 453
Social
*any other segment contributing more than 5% needs to be shown separately
10 Health
11 Others*
8 Aviation
9 Personal Accident
6 Workmen's Compensation
7 Employer's Liability
4 Motor OD
5 Engineering
2 Cargo & Hull
3 Motor TP
PERIODIC DISCLOSURES
Rural & Social Obligations
1 Fire
