BALIC Annual Report10 11

Annual Report 2010-2011
Bajaj Allianz Life Insurance Co. Ltd.
Bajaj Allianz Life Insurance Company Ltd. I IRDA Registration No.116 dated 3rd August, 2001
BOARD OF DIRECTORS : Mr. Rahul Bajaj (Chairman) Mr. Manuel Bauer Mr. Sanjay Asher Mr. Niraj Bajaj Mr. Sanjiv Bajaj Mr. Heinz Dollberg Mr. Kamesh Goyal (Alternate Director to Mr. Manuel Bauer) Mr. Ranjit Gupta Mr. S. H. Khan Mr. Suraj Mehta Mr. V. Philip (Managing Director & Chief Executive Officer) Mr. Manu Tandon
AUDITORS : B S R & Co. Chartered Accountants DALAL & SHAH Chartered Accountants
MAIN BANKERS : Standard Chartered Bank AXIS Bank Deutsche Bank HDFC Bank Citi Bank
REGISTERED OFFICE : Bajaj Allianz Life Insurance Company Limited Ground Floor, G.E. Plaza, Airport Road, Yerawada, Pune- 411006. Tel : 020-6602 6777 Fax : 020-6602 6789 email : life@bajajallianz.co.in Visit us at : www.bajajallianzlife.co.in
INDEX
Directors' Report Management Report Auditors' Report Revenue Account : Policyholders' Account (Technical Account) Profit & Loss Account : Shareholders' Account (Non Technical Account) Balance Sheet Schedule 1-15 Annexure to Revenue Account Notes to Financial Statements Cash Flow Statement Balance Sheet Abstract & Company's General Business Profile 2 10 13 16 21 22 24 40 46 138 139
Directors' Report
The Directors have pleasure in presenting their Tenth Annual Report & Audited Statements of Accounts for the year 2010-11. 1. Market scenario in the life insurance industry: Life Insurance industry that had seen rapid growth from the opening up of the sector in 2000-01 till 2009 10, has witnessed a minor slowdown in the current financial year. During the year life insurance industry had a new business growth of 15.1% as against 25.5% in the year 2009-10. The 23 life insurers have mobilized a first year premium of Rs 1,258.2 billion in 2010-11 compared to Rs 1,092.9 billion in the previous year. The market share of LIC has increased from 64.9% to 68.7% while that of the private players has reduced from 35.1% to 31.3%. The Industry witnessed a negative growth of 9.66% in the second half over the corresponding period in the previous year. There has been a significant shift in the business mix, across the industry, mainly among Private Life companies, from individual regular premium business towards individual single premium business and group business. The life industry, in the second half of the year, saw a decline of 26.9% in individual regular premium business (43.5% for private companies). A number of new regulations and amendments of earlier regulations for the insurance industry have been introduced by IRDA in the financial year 2010-11. The new changes are largely for the benefit of the policyholders which includes capping on charges and transparency in disclosures by the insurance companies. In addition to the capping of charges in the unit linked products, the lock-in period for all Unit Linked Products has been increased from three years to five years, including on the top-up premiums, to promote long term investment by the customer. Also, charges on ULIPs have been mandated to be evenly distributed during the lock in period, to eliminate high front ending of expenses. The Regulations on Treatment of Discontinued Linked Insurance Policies have also been issued wherein a policyholder would be entitled to exercise an option of either reviving the policy or completely withdrawing from the policy without any risk cover and the rates for discontinuance are also specified by the Authority. It has also been specified that all ULIP pension / annuity products shall offer a minimum guaranteed return of 3.5% on the maturity date, which has hugely impacted the sale of pension products by the insurers. These changes though welcome, pose tremendous challenge to the insurance industry in the short term. The Authority has also issued guidelines pertaining to timeframes and uniform definitions and classifications with respect to grievance redressal by insurance companies. The distribution model for to referral tie-ups have been revised and earlier 2 The traditional portfolios were managed keeping in mind the regulatory asset allocation requirements. The performance of the ULIP funds, for the year ended 31st March 2011 was among the top three players of the industry. Your Company's cash funds delivered returns of 7% to 7.5%, outperforming the CRISIL Composite Liquid Index by 140 basis points while the bond funds outperformed the CRISIL Composite Bond Index by over 250 basis points, Debt Plus Pension Fund and Debt Plus Fund generated returns of 7.6% and 7.5% respectively without taking on undue credit or interest rate risks. Your Company's diversified referral guidelines applicable to banks have been withdrawn. New regulations pertaining to sharing of database for distribution of insurance products have been issued. IRDA has also issued guidelines prescribing outsourcing of the core functions and rules for outsourcing of non-core functions. 2. Summary of operations for the year: Business Performance Your Company is at the fourth position amongst the private life insurers on the basis of new business premium and second in terms of the number of policies issued, for the financial year 2010-11. It wrote new business of Rs. 34.7 billion during 201011 compared to Rs. 44.5 billion in the previous year . The market share of the Company reduced to 2.8% compared to 4.1% in the previous year. The gross premium written for the financial year 2010-11 was Rs. 96 billion, as compared to Rs. 114 billion in the previous year, registering a negative growth. Your Company earned a profit of Rs. 9.6 billion during 2010-11, compared to Rs. 4.2 billion in the previous year. This has been achieved by focusing on expense management, operational efficiency and acquisition expenses. After distribution of current year's surplus of Rs. 8.2 billion (previous year Rs. 4 billion) and further transfer of Rs. 1.1 billion (previous year Rs. 1.2 billion) from Funds for Future Appropriation, the shareholders' profit after tax stands at Rs. 10.5 billion (previous year Rs. 5.4 billion). In 2010-11, all accumulated losses have been set off and as at 31 March 2011 your Company has accumulated profits of Rs 10.4 billion. Investments The funds under management as on 31st March 2011 were Rs. 393 billion comprising shareholder investments of Rs. 23.52 billion; traditional policyholder investments of Rs. 40.94 billion and Unit Linked investments of Rs. 328.84 billion. The total investments under management of the Company have increased by 17.7% from Rs. 334 billion in the previous year.
Bajaj Allianz Life Insurance Company Ltd. I Directors Report for the Financial Year ended 31st March 2011
equity funds have delivered returns that are better than the benchmark Nifty Indices. The large cap equity funds have outperformed the NSE Nifty Index by over 5.5%, Equity Plus Pension Fund and Equity Growth Pension Fund delivering more than 16.5% returns. Mid cap equity funds have outperformed the Nifty Mid Cap 50 Index by over 15% with Accelerated Mid Cap Fund II and Equity Mid Cap Pension Fund generating returns of 8.4% and 7% respectively. Products Your Company has a basket of 43 products comprising of 16 group products & 27 individual products including 12 new products launched in the year. This includes the Unit Linked Insurance Products duly modified and reintroduced as per the IRDA Regulation on Treatment of Discontinued Linked Insurance Policies. Office network Your Company has a pan India presence in over 1090 offices across all geographies of India. Operations & Processing Hubs have been formed at various locations to cater to the operational requirement and underwriting of policies. Customer Service Policyholders Protection Committee has been constituted by the company in accordance with the Corporate Governance guidelines notified by Insurance Regulatory and Development Authority (IRDA) for the resolution of customers complaints. Your Company introduced various initiatives during the period under consideration which inter alia included sending of an automated SMS to customers on closure of query and rating of services by the customer, as a part of customer engagement facilities. As a part of customer engagement facilities, video conferencing facility were provided at some offices for walk in customers facilitating direct communication with the customer service executives. Welcome calling for the high net-worth customers was also initiated by your Company. As a part of improving the processes and servicing of customers, root cause analysis of the complaints was also done. Death claims intimated / booked during the current year and previous year are as below: Particulars 2010-2011 2009-2010
Note: The Above includes only Death Claims & Accidental benefit riders & does not include surrender benefits & withdrawals. Renewals Your Company has continued to focus on renewals and has undertaken initiatives for persistency of its existing policies. A separate Renewal Vertical has been in place for the last three years with a view to focusing on collection of renewal premiums and servicing policyholders. The initiatives taken by Renewal Vertical include Automated Calls to Policy holders at defined turn-around time (TAT) to remind them on the renewal due, sending of SMS, E-Mailers etc.. Company also sends renewal intimation letters to the customers in English as well as customer preferred vernacular language of the available 12 different languages. Call recording facility across branches was activated to monitor the quality of calls. A dedicated service team was also set up to address all reverts and requests received by customers through Automated Calls & SMSs, Emails etc.. The policy lapsation ratio of the whole portfolio of the Company for the current year is 41% compared to 32 % of previous year. This is being calculated by taking the ratio of current year's renewal premium with the previous year's first year premium and renewal premium. Recognition and Awards Your Company received the Bloomberg UTV Financial Leadership Awards 2011 in the category Best contribution in Investor Education and Category Enhancement of the year in Insurance. The trophy was received from the Honourable Finance Minister, Mr. Pranab Mukherjee. Corporate Communication Your Company continued its valued association with IBN 7 network for the sponsored property Super Idols, the prestigious platform that celebrates the physically handicapped citizens of India and introduced 'Ability Insurance', a customized solution for them. The Allianz global format of Junior Football Camp in India with a school contact program in 7 states resulted in 6 select teenagers attending an exclusive football training camp at FC Bayern Club at Munich. A unique Tax Campaign message with a dynamic Mobile Tax Calculator Application was communicated via a 360 degree robust campaign across the country. The first phase of a 2000 school mass reach initiative Discover India with Anupam Kher was kicked off, which is a unique children's quiz format played at schools and the finals were aired on leading TV channel, Star Plus. In addition to the above, your Company sponsored the Union Budget 2011 on Bloomberg UTV and Zee Business television channels and Kerala Assembly Election 2011 on Manorama News channel. The Brand
No. of Amount No. of Amount Policies (Rs crore) Policies (Rs crore) Claims Intimated / Booked Claims Settled Repudiated 25,511 23,980 1,913 515 22,516 478 20,316 47 1,197 403 361 26
was also present as an advertiser during the euphoric Cricket World Cup 2011 matches on Doordarshan. 3.1. Capital : The total funds infused by the shareholders in the Company remains Rs. 12.11 billion, with no fresh infusion of capital during the year 2010-11. The solvency ratio as at 31st March 2011 stands at 366% as against the required of 150%. 3.2. IRDA Registration : IRDA has renewed the Certificate of Registration of the Company to carry on life insurance business for the year 2011-12. 4. Particulars regarding conservation of energy and technology absorption: The particulars in the Companies (Disclosure of Particulars in the report of the Board of Directors) Rules, 1988, pertaining to conservation of energy does not apply to life insurance industry and hence are not applicable to your Company. Information Technology Your Company leverages information technology as a strategic tool to gain competitive advantage and to improve productivity and efficiency of the Organisation. Our platforms are designed to service scale and are capable of handling high customer and transaction volumes. We have used technology to deliver process improvements, innovations and to add value to our services to the customers. 5. Foreign exchange earnings and expenditure: Earnings in foreign currency Expenditure in foreign currency 6. Particulars of employees: As required by the provisions of sub-section 2A of Section 217 of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules, 1975 as amended, the names and other particulars of the employees are set out in the Annexure A to the Directors' Report. This report and accounts are being sent to shareholders excluding the said information. Any shareholder interested in obtaining such information may write to the Company Secretary at the registered office of the Company for a copy thereof. 7. Directors: Mr. Sanjiv Bajaj, Mr. Heinz Dollberg and Mr. Manu Tandon, Directors of the Company retire by rotation and being eligible offer themselves for re-appointment as directors. NIL Rs. 275 million
Mr. V. Philip has been appointed as Managing Director & Chief Executive Officer of the Company in place of Mr. Kamesh Goyal w.e.f. 1st February 2011. Dr. Werner Zedelius ceased to be Director of the Company w.e.f. 31st December 2010, who was succeeded by Mr. Manual Bauer. The Board of Directors places on record its appreciation and gratitude towards the excellent support and guidance Dr. Werner Zedelius has rendered to the Company right since its inception. 8. Directors' responsibility statement: In accordance with the requirements of sub-section 2AA of Section 217 of the Companies Act, 1956, the Board of Directors wish to confirm the following: (I) that in preparation of the annual accounts, the applicable accounting standards have been followed along with proper explanation relating to material departures; (ii) that such accounting policies have been selected and applied consistently, and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company as on 31st March 2011 and of the profit of the Company for that period; (iii) that proper and sufficient care has been taken for the maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities; (iv) that the annual accounts have been prepared on a going concern basis. 9. Corporate Governance: The Corporate Governance guidelines issued by the IRDA came into effect from 1st April 2010. A report on compliance with these guidelines is contained in Annexure B along with a certificate from the Compliance Officer. 10. Auditors: The Company appointed M/s BSR & Co., Chartered Accountants and M/s Dalal & Shah, Chartered Accountants, as joint statutory auditors of the Company in the last Annual General meeting. They hold office up to the conclusion of the Tenth Annual General meeting of the Company. In accordance with the IRDA Regulations / Guidelines, it is now proposed to appoint M/s BSR & Co., Chartered Accountants and M/s Dalal & Shah, Chartered Accountants, as Joint Statutory Auditors of the Company to hold office from the conclusion of the ensuing Annual General Meeting till the conclusion of the next Annual General Meeting and to fix their remuneration.
The shareholders are requested to appoint the auditors for the period from the conclusion of the ensuing annual general meeting till the conclusion of the next annual general meeting and to fix their remuneration. 11. Appreciation: The Board is grateful to the IRDA and other regulatory authorities for their continued support. The Board is also grateful to its Policyholders', Bankers', Intermediaries' and Channel Partners for their continued support.
The Directors take this opportunity to thank the concerned employees of Bajaj Finserv Limited and Allianz SE for their invaluable contribution in guiding the working of the Company. The Directors also take this opportunity to thank the employees at all levels for their hard work, dedication and commitment. On behalf of Board of Directors of Bajaj Allianz Life Insurance Company Ltd
Rahul Bajaj Chairman Place : Pune Date : 6th May 2011
Annexure B to the Directors Report

Corporate Governance The Insurance Regulatory and Development Authority (IRDA) issued Corporate Governance Guidelines (the Guidelines) for the insurance companies on 5th August 2009, being implemented with effect from 1st April 2010. However your Company has been implementing several of the practices prescribed by these Guidelines right since its inception. For your Company, Corporate Governance is not a mere set of rules to be implemented as a matter of mandatory compliance with regulatory requirements. It's a way of doing business within the corporate culture inherited from both the joint venture partners for achievement of goals of customer satisfaction and enhancement of shareholder values with protection of all other stakeholders' interests. Board of Directors The Board of Directors consists of 12 Directors which includes four Independent Directors. The CEO of the Company, as the Managing Director, is member of the Board of Directors. The Chairman of the Company and all other Directors are Nonexecutive and none of the Independent Directors are relatives of any other Director. The list of Directors and other major offices held by them is mentioned elsewhere in this Annual Report. 1. Mr. Rahul Bajaj, Chairman of the Company, an honours graduate in Economics and Law and MBA from Harvard Business School. He is considered as one of the most successful business leaders of India, heads the Bajaj Group of Companies. He is the Chairman of the group's flagship, Bajaj Auto Limited. 2. Mr. Manuel Bauer has been appointed as director in place of Dr. Werner Zedelius w.e.f. 20th January 2011. He has done Mechanical Engineering from Technical Engineering College in Vienna. He has been head of Central Eastern Europe, Middle East and North Africa (CEEMA) Unit of Allianz SE, Munich since 2010. 3. Mr. Sanjay Asher is a Commerce and Law Graduate from Mumbai University and a fellow member of the Institute of Chartered accountants of India. Mr. Sanjay Asher is a Partner of M/s. Crawford Bailey & Co. and was an invitee to the Department of Disinvestment's Committee for standardizing the transaction documents in relation to privatization of the public sector enterprises. 4. Mr. Niraj Bajaj has done his B. Com. from Sydenham College of Commerce & Economics, Mumbai and Masters in Business Administration from Harvard Business School, USA. He is currently the Chairman & Managing Director of Mukand Ltd. He is also on the Board of Directors of Bajaj Auto Ltd. and various other Bajaj Group Companies. He was selected by World Economic Forum, as one of the Global Leaders for Tomorrow, in 1993. 5. Mr. Sanjiv Bajaj who is a mechanical engineer, has done M. Sc. from University of Warwick, UK and MBA from Harvard Business School, USA. He is currently the Managing Director of Bajaj Finserv Limited. 6. Mr. Heinz Dollberg, who has a degree in law and holds executive positions with numerous subsidiaries of Allianz, has been associated with Allianz Group for over three decades. He has been responsible for managing operations in Asia, Middle East and North Africa in collaboration with Allianz offices across the region. 7. Mr. Ranjit Gupta, who is currently working as President Insurance, at Bajaj Finserv Limited, has Masters Degree in Mechanical & Electrical Engineering from the Indian Railway Institute of Mechanical & Electrical Engineers. 8. Mr. Kamesh Goyal, who is a science and law graduate and has also done MBA from Faculty of Management Studies, Delhi University, is an Alternate Director to Mr. Manuel Bauer. Earlier, he has been a CEO of Bajaj Allianz General Insurance Company Limited and Bajaj Allianz Life Insurance Company Limited. He is currently handling the position of Regional CEO for Asia Pacific region of Allianz. 9. Mr. S. H. Khan has Masters Degree in Commerce and is the former chairman and Managing Director of IDBI and has been associated with the promotion of several capital market institutions, including NSE, NSDL and CARE and guided their operations as Chairman in the initial years of their existence. He is also on the Board of Bajaj Finserv Limited, as an Independent Director and also the member of its Audit Committee. 10. Mr. Suraj Mehta who has honours in Economics, also serves as Non-Executive Independent Director of BPL Limited. Mr. Mehta has held key management positions in India and abroad with ANZ Grindlays Bank till the year 1994. He was the Chief Executive Officer of Dresdner Bank AG in India & was the Geographic Head for the group's four businesses which included Investment, Banking; Securities Broking and Software Development. He has also worked as the Chief Executive Officer of NABIL Bank Limited, the private sector bank in Nepal.
11. Mr. Manu Tandon is a commerce graduate and Chartered Accountant, England & Wales. He retired in 2008 as Managing Director Elantas Beck India Ltd. Pune, subsidiary of Altana AG, Germany. He was Director, Finance & Corporate Affairs, BASF India Ltd, Mumbai from 1983 till 1996. He was Former Chairman of Pune Zonal Council, Confederation of Indian Industry (CII) and also former Chairman of CII National Council for Chemicals Fertilizers & Petrochemicals. 12. Mr. V. Philip who took charge as Chief Executive Officer and Managing Director of Bajaj Allianz Life Insurance Company Limited w.e.f. 1st February 2011 is a B.E. (Electronics) and also an Associate member of Institute of Risk Management, London and Insurance Institute of India, Mumbai. He has also done Post Graduate Diploma in Marketing from Symbiosis. Starting his carrier with Indian Express in August 1991, he achieved a continues success and worked as Deputy Manager with Allianz AG then as CIO & Head of Direct Marketing with Bajaj Allianz General Insurance Company Limited. He also worked as Chief Operations Officer in Bajaj Allianz Life Insurance Company Limited. 13. Dr Werner Zedelius has graduation in banking and doctorate in law. He has been with Allianz since 1987 and has held various positions in Regional Office along with the finance division at Head Office Munich. He has also done an assignment to Cornhill Insurance PLC, London. He is currently member of the Board of Management of Allianz SE for Growth Markets. He has ceased to be a Director with effect from 31st December 2010. Meetings of the Board of Directors During the year 2010-11, the Board of Directors met four times on 7th May 2010, 30th July 2010, 8th October 2010 and 20th January 2011. Following table sets out the details of attendance of Directors at the Board meetings.
Name of Director Mr. Rahul Bajaj Mr. Sanjiv Bajaj Mr. Niraj Bajaj Mr. Ranjit Gupta Mr. Manu Tandon Mr. S. H. Khan Mr. Sanjay Asher Mr. Suraj Mehta Mr. Heinz Dollberg Category of Directorship Chairman Director Director Director Independent Director Independent Director Independent Director Independent Director Director Meetings Sitting Fees attended (Amt in Rs.) 3/4 3/4 2/4 4/4 4/4 4/4 3/4 3/4 4/4 1/3 0/1 4/4 80,000/1,60,000/1,20,000/60,000/-
# Director up to 31st December 2010 ## Director w.e.f. 20th January 2011 * Ceased to be a Managing Director w.e.f. 31st January 2010 and appointed as Alternate Director to Mr. Bauer w.e.f. 1st February 2011 ** Appointed as Managing Director w.e.f 1st February 2011 Committees of the Board of Directors: Constitution & Composition Audit Committee, Investment Committee, Risk Management Committee and Policyholders Protection Committee are mandatorily required under the IRDA Guidelines have been constituted in accordance with the requirements set out therein. Audit Committee The Audit Committee of the Board of Directors oversees the periodic financial reporting before submission to the Board and disclosure processes, functioning of the internal audit department and reviews its plans and reports. The Audit Committee is directly responsible for the recommendation of the appointment, remuneration, performance and oversight of the work of the Internal, Statutory and Concurrent Auditors. The senior officers from the management are invited to the meetings of the Audit Committee, along with the Head of Internal Audit, who presents his reports to the Committee at every meeting thereof. Mr. S.H. Khan, an Independent Director, the chairman of the Audit committee. Other members of the Audit Committee include Mr. Sanjay Asher, who is an Independent Director The other members of the Committee areMr. Heinz Dollberg Mr. Sanjiv Bajaj Mr. Ranjit Gupta Dr. Werner Zedelius ceased to be a member w.e.f 31st December 2010 e) Mr. Manuel Bauer appointed w.e.f. 20th January 2011 All these members of the Audit Committee are Non-executive Directors. The Audit committee met four times during the year on 7th May 2010, 30th July 2010, 14th October 2010 and 18th January 2011. Following table sets out the particulars of attendance at various meetings:
Name of Director Mr. S. H. Khan Mr. Sanjay Asher Mr. Heinz Dollberg Mr. Sanjiv Bajaj Mr. Ranjit Gupta Mr. Werner Zedelius Meeting Attended 4/4 3/4 2/4 3/4 4/4 0/3 -
a) b) c) d)
#Dr. Werner Zedelius Director ##Mr. Manuel Bauer Director *Mr. Kamesh Goyal Managing Director / Alternate Director to Mr. Bauer Managing Director
**Mr. V. Philip
0/0
Mr. Manuel Bauer
Investment Committee The Investment Committee establishes the Investment Policy and operational framework for the investment operations of the Company. It periodically reviews the Investment policy based on the investment performance and the evaluation of dynamic market conditions and places it before the Board of Directors for approval. Mr. Heinz Dollberg is the Chairman of the Investment Committee, with Mr. Sanjiv Bajaj, Mr. Ranjit Gupta and Mr. V. Philip, MD & CEO are the other Directors of the Committee. Mr. Rajesh Viswanathan, Chief Financial Officer, Mr. Sashi Krishnan, Chief Investments Officer and Mr. Anil Singh, Appointed Actuary, are the members of the Investment Committee. The Chief Risk Officer is also invited to the Investment Committee meetings. The Investment Committee met four times during the year on 7th May 2010, 30th July 2010, 6th October 2010 and 19th January 2011. Following table sets out the particulars of attendance of members of the Investment Committee at various meetings:
Name of Member Mr. Heinz Dollberg Mr. Sanjiv Bajaj Mr. Ranjit Gupta *Mr. Kamesh Goyal Mr. Rajesh Viswanathan Mr. Sashi Krishnan Mr. Anil Singh **Mr. V. Philip Meetings Attended 2/4 2/4 4/4 4/4 4/4 4/4 4/4 -
objectives. The overall risks are divided into several categories, which are further subdivided into major sub-categories. While the risk categories remain clearly distinct from each other, at the time of assessment their interdependencies are taken in to account. Covering major categories of assessable risks, independent of the assessment methodology, and quantifiability, the risk management framework encompasses practices relating to identification, assessment, monitoring and mitigation of these risks. a) Risk Management Policy : We are committed to manage risks in line with the Company's stated risk appetite though a systematic framework which identifies, evaluates, mitigates and monitors risks that potentially have a material impact on the value of the organization or potentially hinder the organization in achieving its stated business objectives and goals. b) Risk Management Overview Structure : A proactive risk management structure is core to the Company's overall strategic management. The supervisory level Risk Committee, convened by the Chief Risk Officer (CRO), comprises of various Heads of Departments / functions, which have been identified as the owners of respective risks. They are responsible for the implementation of risk management activities including risk mitigation plan within their respective vertical / departments or projects. This supervisory level committee establishes centralized risk monitoring and management. Through this structured process, the risk management team undertakes to provide reasonable assurance to top management on the state of risks and controls. The risk owners are responsible to review the Top Risk Assessment (TRA) during the Risk Committee Meeting. The CRO is ultimately responsible for fostering the enterprise-wide risk management function including provision of the TRA to the Risk Committee and the Risk Management Committee. c) Risk Management Procedures : To ensure an effective integrated risk management process, the Risk Management Cycle is used as the base for identification and solution tool. Typically a Risk Management Cycle entails Operations & Monitoring risks (Risk Identification, Assessment & Control, Treatment & Management Action Plan, followed by Monitoring & Reviewing) and Controls & Compliance (Standard Operating Procedures, Internal and External Audit and Quarterly Risk Review) The Risk Management Committee met four times during the year on 7th May 2010, 30th July 2010, 8th October 2010 and 20th January 2011. Following table sets out the particulars of composition and attendance of members of the Risk Management Committee at various meetings:
* Ceased to be a member w.e.f. 31st January 2011 ** Appointed w.e.f. 1st February 2011 Risk Management Committee The Risk Management Committee oversees the functioning of the overall risk management framework of the Company and implementation of the risk management strategy. It assists the Board in effective operation of the risk management system by performing analyses and quality reviews and reports details on the risk exposures and the actions taken to manage the exposures. Risk Management Framework of the Company The Company perceives risk management as a means of value optimization. We also recognize the importance of internal controls and risk management in sustaining the business continuity and have endeavored to make risk management and control an essential component of our business culture. This is achieved through better understanding of the balance between risk and return in the implementation and achievement of entity
Name of Director Mr. Heinz Dollberg Mr. Sanjiv Bajaj Mr. Ranjit Gupta *Mr. Kamesh Goyal **Mr. V. Philip
Meetings Attended 4/4 3/4 4/4 4/4 -
Mr. Sanjiv Bajaj is the Chairman of the Policyholders Protection Committee, with Mr. Heinz Dollberg, Mr. Ranjit Gupta and Mr. V Philip, MD & CEO, are the other members. Mr. Rajesh Viswanathan, Chief Financial Officer,is also invited to the Policyholders Protection Committee meetings. The Policyholders Protection Committee met four times during the year on 7th May 2010, 30th July 2010, 8th October 2010 and 20th January 2011. Following table sets out the particulars of attendance of members of the Policyholders Protection Committee at various meetings:
Name of Director Mr. Sanjiv Bajaj Mr. Heinz Dollberg Mr. Ranjit Gupta *Mr. Kamesh Goyal **Mr. V. Philip Meetings Attended 3/4 4/4 4/4 4/4 -
* - Ceased to be a member w.e.f. 31st January 2011 ** - Appointed w.e.f. 1st February 2011 Policyholders Protection Committee The Policyholders Protection Committee of the Board of Directors has been formed in compliance with the requirements of the Guidelines, with responsibility to put in place proper procedures and effective mechanism to address complaints and grievances of policyholders including mis-selling by intermediaries and ensuring compliance with the statutory requirements. The Policyholders Protection Committee reviews the Grievance Redressal Mechanism and the status of complaints at periodic intervals.
* Ceased to be a member w.e.f. 31st January 2011 ** Appointed w.e.f. 1st February 2011
Certification for compliance of the Corporate Governance Guidelines I, Sameer Bakshi hereby certify that the company has complied with the corporate governance guidelines for Insurance Companies as amended from time to time and nothing has been concealed or suppressed.
Sameer Bakshi Company Secretary and Head Legal and Compliance
Management Report
With respect to the operations of Bajaj Allianz Life Insurance Company Limited ('the Company') for the financial year 1 April 2010 to 31 March 2011 and results thereof, the Management of the Company confirms and declares that: 1. The registration certificate granted by Insurance Regulatory and Development Authority (IRDA) is valid and the same has been renewed for the year 2011 - 2012. All dues payable to the statutory authorities have been duly paid except those disclosed under contingent liabilities in the notes to the accounts forming part of financial statements. There has been no transfer of shares during the year and the shareholding pattern is in accordance with the statutory and regulatory requirement. The Management has not directly or indirectly invested outside India, the funds of the holders of policies issued in India. The required solvency margins have been maintained as required by the IRDA regulations. We certify that the values of all the assets have been reviewed on the date of Balance Sheet and in the Management's belief, the assets set forth under each of the headings in the Balance Sheet are shown in the aggregate at amounts not exceeding their realizable or market value under their related headings - Loans, Investments, Outstanding Premiums, Income accrued on investments, Amounts due from other entities carrying on insurance business (including amounts due from reinsurers), Cash and the several items specified under Advances and Other Accounts. Market value of investment in debt securities (other than unit linked funds) which are valued at amortized cost as per IRDA regulations is lower by Rs.298,138 thousands. The lower market value is attributable to the sharp rise in yields during the year. 7. We certify that, no part of the life insurance fund has been directly or indirectly applied in contravention of the Insurance Act, 1938 (4 of 1938) relating to the application and investment of the life insurance fund. The Company recognizes the risks associated with the life insurance business and manages the risks by adopting prudent policies to counter the key risks of the Company namely underwriting and investment risks. The Company has established robust underwriting procedures to mitigate underwriting risks. Additionally the 9.
Company has entered into reinsurance arrangements wherein it reinsures risk in excess of its retention limits to mitigate its risk exposure. The investment risk is managed by laying down appropriate guidelines in the Investment Policy. The Investment Policy is formulated by the Investment Committee and approved by the Board of Directors. The Investment Policy is reviewed for alignment with the Company's latest business plan and other developments during the year. The Company does not have operations in any other country.
2.
3.
10. Average claim settlement time from the date of receipt of complete requirement from the claimant to dispatch of claim payment for the current year and previous five financial years are given below: Average claim settlement time (in days) 11 7 7 7 7 7
4.
Period 2010-11 2009-10 2008-09 2007-08 2006-07 2005-06
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6.
Ageing of claims registered and not settled is given below : For Linked Business Rs. In lakhs Current Year No. of Amount Claims Less than 30 Days 505 1,013 30 days to 6 months 484 836 6 months to 1 year 235 387 1 year to 5 years 571 1,216 5 years and above 5 7 Total for the Period 1,800 3,459 Period For Traditional Business Current Year No. of Amount Claims 603 Less than 30 Days 596 327 30 days to 6 months 439 91 6 months to 1 year 111 207 1 year to 5 years 463 8 5 years and above 26 Total for the Period 1,236 1,635 Period Rs. In lakhs Previous Year No. of Amount Claims 629 362 1,009 546 490 332 249 286 7 11 2,384 1,537 Previous Year No. of Amount Claims 618 1,091 779 1,523 248 649 260 528 2 10 1,907 3,801
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10
Bajaj Allianz Life Insurance Company Ltd. I Management Report for the Financial Year ended 31st March 2011
11. We certify that the values, as shown in the Balance Sheet, of the investments (other than unit linked investments), which consist of fixed income securities, equity shares and mutual fund units, have been valued as per accounting policies prescribed by IRDA. Market values have been ascertained for equities on the basis of lower of the closing prices as on the balance sheet date on The National Stock Exchange of India Ltd. (NSE) and The Bombay Stock Exchange Ltd., Mumbai (BSE). For fixed income securities, valuation is based on procedure issued by Fixed Income and Money Market and Derivative Dealers Association of India (FIMMDA). The investments in the Mutual Funds are valued at the Net Asset Values (NAV) of these Mutual Funds as on the Balance Sheet date. We certify that the unit linked investments have been valued on the basis as stated below: Equities have been valued at market values, which have been ascertained on the basis of the last quoted closing price on the NSE. In case the equity shares are not listed on the NSE, then they are valued on the last quoted closing price on BSE. Unlisted shares are stated at historical cost subject to provision for diminution, if any, in the value of such investment. Government securities are valued at prices obtained from Credit Rating Information Services of India Ltd. (CRISIL). Corporate bonds and debentures are valued on the basis of CRISIL Bond Valuer. Treasury bills, certificate of deposits and commercial papers are valued at cost plus accretion. Mutual fund units have been valued at the last available Net Asset Value declared by the respective mutual fund. 12. The Company has invested (other than unit linked funds) mainly in approved Government securities and AAA and AA+ rated bonds. The primary aim while investing is to generate adequate return while minimizing risk. The emphasis is also on the liquidity of investments to ensure that the Company meets all outgoings related to claims and other operations. While most of the investments are in
Fixed Income Securities in the form of Government of India securities or Corporate Bonds with strong credit rating, a small portion is also invested in Equity Shares. Based on the past track record, the Management is confident of the quality and performance of the investments. 13. The Management of Bajaj Allianz Life Insurance Company Limited certifies that: a) The financial statements of Bajaj Allianz Life Insurance Company Limited have been prepared in accordance with the applicable accounting standards and principles and policies with no material departures; b) The Management has adopted accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of the affairs of the Company at the end of the financial year and of the operating profit as per Policyholders' Account (Technical Account) and of the profit as per Shareholders' Account (Non Technical Account) of the Company for the year; c) The Management has taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the applicable provisions of the Insurance Act, 1938 (4 of 1938) and Companies Act, 1956 (1 of 1956), for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities; d) The financial statements have been prepared on a going concern basis; e) The Company has an internal audit system commensurate with the size of the Company and nature of the business. 14. The following are the payments made to individuals, firms, companies and organizations in which the Directors of the Company are interested: Amount of Payment during the Financial Year 2010-11 (Rs. In Lakh) 112.50
Name of the Director / Shareholder Mr. Rahul Bajaj Mr. Sanjiv Bajaj Mr. S. H. Khan Mr. Rahul Bajaj Mr. Sanjiv Bajaj
Entity in which Director is interested Bajaj Finserv Ltd.
Interested as
Director Director Director Director Director
Bajaj Finance Ltd. (Earlier known as Bajaj Auto Finance Ltd.)
3,781.70
11
Name of the Director/Shareholder Mr. Rahul Bajaj Mr. Sanjiv Bajaj Mr. Niraj Bajaj Mr.Heinz Dollberg Mr.Kamesh Goyal Mr. Ranjit Gupta Mr. Sanjay Asher Mr. S. H. Khan Mr. Manu Tandon Mr. Suraj Mehta Mr. Manuel Bauer Mr. Rahul Bajaj Mr. Niraj Bajaj
Entity in which Director is interested Bajaj Allianz General Insurance Company Ltd.
Interested as
Amount of Payment during the FY 2010-11 (Rs.In Lakh) 1,072.71
Director Director Director Director Alternate Director Director Director Director Director Director Director Shareholding exceeds 2% Shareholding exceeds 2% Director Director Director 100% Subsidiary of Allianz SE Director Director Director Director Director 100% Subsidiary of Allianz SE Shareholding exceeds 2%
Bajaj Electricals Ltd.
9.75
Mr.Heinz Dollberg Mr.Ranjit Gupta Mr.Kamesh Goyal Allianz SE
Bajaj Allianz Financial Distributors Ltd.
4,170.64
Allianz Investment Management Singapore Pte. Ltd. Bajaj Auto Ltd.
380.00
Mr. Rahul Bajaj Mr. Sanjiv Bajaj Mr. Niraj Bajaj Mr. S. H. Khan Mr. Kamesh Goyal Allianz SE
994.12
Allianz Insurance Management Asia Pacific Pte. Ltd.
1.76
Mr. Rahul Bajaj
Hind Musafir Agency Limited
0.45
For Bajaj Allianz Life Insurance Company Limited Rahul Bajaj Chairman Niraj Bajaj Director Ranjit Gupta Director Manu Tandon Director Heinz Dollberg Director Sanjiv Bajaj Director S. H. Khan Director V. Philip Managing Director & Chief Executive Officer Sameer Bakshi Company Secretary and Head Legal & Compliance Kamesh Goyal Alternate Director Suraj Mehta Director Rajesh Viswanathan Chief Financial Officer
Anil Singh Appointed Actuary
Place : Pune Date : 6th May 2011 12
Bajaj Allianz Life Insurance Company Ltd. I Auditors' Report
Auditors' Report
To the Members of Bajaj Allianz Life Insurance Company Limited 1. We have audited the attached Balance Sheet of Bajaj Allianz Life Insurance Company Limited ('the Company') as at 31 March 2011, the related Policyholders' Revenue Account, the Shareholders' Profit and Loss Account and the Receipts and Payments Account for the year ended on that date annexed thereto, which we have signed under reference to this report. These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in India. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion. The Balance Sheet, the Policyholders' Revenue Account, the Shareholders' Profit and Loss Account and the Receipts and Payments Account have been drawn up in accordance with the Insurance Act, 1938 (Act 4 of 1938), Insurance Regulatory and Development Act, 1999, Insurance Regulatory and Development Authority (Preparation of Financial Statements and Auditor's Report of Insurance Companies) Regulations 2002 ('the Regulations') read with Section 211 of the Companies Act, 1956. As required by the Regulations, we set out in the Annexure, a statement certifying the matters specified in paragraph 4 of Schedule C to the Regulations. Further to our comments in the Annexure referred to above, we report that: a) We have obtained all the information and explanations, which to the best of our knowledge and belief were necessary for the purposes of the audit and have found them to be satisfactory; b) In our opinion and to the best of our information and according to the explanations given to us, proper books of account as required by law have been maintained by the Company, so far as appears from our examination of those books;
c) As the Company's financial accounting system is centralized at head office, no returns for the purposes of our audit are prepared at the branches and other offices of the Company; d) The Balance Sheet, the Policyholders' Revenue Account, the Shareholders' Profit and Loss Account and the Receipts and Payments Account dealt with by this report are in agreement with the books of account; e) The actuarial valuation of liabilities for life policies in force is the responsibility of the Company's Appointed Actuary ('the Appointed Actuary'). The actuarial valuation of these liabilities as at 31 March 2011 has been duly certified by the Appointed Actuary. The Appointed Actuary has also certified in his opinion, the assumptions for such valuation are in accordance with the guidelines and norms, if any, issued by the Insurance Regulatory Development Authority ('IRDA') ('Authority') and the Actuarial Society of India in concurrence with the Authority. We have relied upon Appointed Actuary's certificate in this regard for forming our opinion on the financial statements of the Company; f) On the basis of written representations received from the Directors of the Company, as on 31 March 2011 and taken on record by the Board of Directors, none of the Directors is disqualified as on 31 March 2011 from being appointed as a Director in terms of clause (g) of sub-section (1) of Section 274 of the Companies Act, 1956. 6. In our opinion and to the best of our information and according to the explanations given to us, we further report that: a) The Investments have been valued in accordance with the provisions of the Insurance Act, 1938, the Regulations and / or orders / directions issued by IRDA in this regard; b) The accounting policies selected by the Company are appropriate and are in compliance with the applicable Accounting Standards referred to in sub-section (3C) of section 211 of the Companies Act, 1956 and the Rules framed there under and with the accounting principles as prescribed in the Insurance Regulatory and Development Authority (Preparation of Financial Statements and Auditor's Report of Insurance Companies) Regulations, 2002, ('the Regulations') and orders / directions issued by IRDA in this behalf; c) The Balance sheet, the Policyholders' Revenue Account, the Shareholders' Profit and Loss Account and the Receipts and Payments Account dealt with by this report comply with the Accounting Standards referred 13
2.
3.
4.
5.
to in sub-section (3C) of section 211 of the Companies Act, 1956 and the Rules framed there under to the extent they are not inconsistent with the accounting principles prescribed in the Regulations and orders / directions issued by IRDA in this regard; 7. In our opinion and to the best of our information and according to the explanations given to us, the said financial statements together with the notes thereon and attached thereto are prepared in accordance with the requirements of the Regulations, the Insurance Act, 1938, the Insurance Regulatory and Development Authority Act, 1999 and the Companies Act, 1956, to the extent applicable and in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India as applicable to insurance companies: i. in the case of the Balance Sheet, of the state of affairs of the Company as at 31 March 2011;
iv. in the case of the Receipts and Payments Account, of the receipts and payments for the year ended on that date. 8. Further, on the basis of our examination of books of account and other records of the Company and according to the information and explanations given to us, we certify to the best of our knowledge and belief that: a) We have reviewed the Management Report attached to the financial statements for the year ended 31 March 2011, and have found no apparent mistake or material inconsistencies with the financial statements; and b) Based on information and explanations received during normal course of the audit, management's representations made to us and the compliance certificates submitted to the Board by the officers of the Company charged with compliance and the same being noted by the Board, nothing has come to our attention which causes us to believe that the Company has not complied with the terms and conditions of registration as per subsection 4 of section 3 of the Insurance Act, 1938.
ii. in the case of Policyholders' Revenue Account, of the net surplus for the year ended on that date; iii. in the case of Shareholders' Profit and Loss account, of the profit for the year ended on that date; and
For Dalal & Shah Chartered Accountants Firm's Registration No. 102021W Anish Amin Partner Membership No. 40451 Place : Pune Date : 06th May 2011
For B S R & Co. Chartered Accountants Firm's Registration No. 101248W Juzer Miyajiwala Partner Membership No. 47483 Place : Pune Date : 06th May 2011
14
Bajaj Allianz Life Insurance Company Ltd. I Auditors' Report for the Financial Year ended 31st March 2011
Annexure to the Auditors' Report

(Referred to in the Auditors' Report to the members of Bajaj Allianz Life Insurance Company Limited ('the Company') on the accounts for the year ended 31 March 2011) Auditors' Certificate To the Members of Bajaj Allianz Life Insurance Company Limited In accordance with the information and explanations given to us and to the best of our knowledge and belief and based on our examination of the books of account and other records maintained by Bajaj Allianz Life Insurance Company Limited ('the Company') for the year ended 31 March 2011, we certify that: 1. We have verified the cash balances, to the extent considered necessary, and securities relating to the Company's loans and investments as at 31 March 2011 by actual inspection or on the basis of certificates / confirmations received from the Custodian appointed by the Company, as the case may be. As at 31 March 2011, none of the Company's assets involve reversion or life interests; The Company is not a trustee of any trust; and No part of the assets of the Policyholders' Funds has been directly or indirectly applied in contravention to the provisions of the Insurance Act, 1938, relating to the application and investments of the Policyholders' Funds.
2. 3.
This certificate is issued to comply with Schedule C of the Insurance Regulatory and Development Authority (Preparation of Financial Statements and Auditor's Report of Insurance Companies) Regulations 2002, ('the Accounting Regulations') read with Regulation 3 of the Accounting Regulations and may not be suitable for any other purpose.
For Dalal & Shah Chartered Accountants Firm's Registration No. 102021W Anish Amin Partner Membership No. 40451 Place : Pune Date : 06th May 2011
For B S R & Co. Chartered Accountants Firm's Registration No. 101248W Juzer Miyajiwala Partner Membership No. 47483 Place : Pune Date : 06th May 2011
15
Revenue Account for the year ended 31st March 2011 Policyholders' Account (Technical Account)
Particulars
Schedule
Current Year
Participating Individual Assurance Individual Pension
PREMIUMS EARNED - Net (a) Premium (b) Reinsurance ceded (Refer Schedule 16 Note 16) (c) Reinsurance accepted SUB-TOTAL INCOME FROM INVESTMENTS (a) Interest, Dividend & Rent - Gross (b) Profit on sale / redemption of investments (c) (Loss on sale / redemption of investments) (d) Transfer / Gain on revaluation / change in fair value (e) Other investment income OTHER INCOME Contribution from the Shareholders' account (Refer Schedule 16 Note 15) SUB-TOTAL TOTAL (A) COMMISSION OPERATING EXPENSES RELATED TO INSURANCE BUSINESS Provision for doubtful debts Bad Debts written off Provision for Income Tax Provisions (other than taxation) (a) For diminution in the value of investments (net) (b) Others TOTAL (B) BENEFIT PAID (Net) Interim Bonuses Paid Change in valuation of liability in respect of life policies in force (Refer Schedule 16 Note 1(e) and Note 8) (a) Gross (b) Fund Reserve (Refer Schedule 16 Note 1(e) ) (c) Amount ceded in Re-insurance (d) Amount accepted in Re-insurance TOTAL (C) SURPLUS / (DEFICIT ) (D) = (A) - (B) - (C) Balance of previous year APPROPRIATIONS Transfer (to) / from reserve for lapsed unit linked policies unlikely to be revived (Refer Schedule 16 Note 1(e) and Note 8) Transfer to Shareholders' account Balance being funds for future appropriations DETAILS OF TOTAL SURPLUS Interim Bonuses Paid (a) Allocation of Bonus to policyholders (b) Surplus shown in the Revenue Account (c) Total Surplus [ (a)+ (b)+ (c) ]
96,099,487 (347,698) 95,751,789 9,378,252 32,226,636 (3,826,512) (1,405,265) 2,750,548 39,123,659 86,869 316,720 39,527,248 135,279,037
11,040,604 (42,498) 10,998,106 1,520,909 30,799 (20,086) 1,531,622 66,489 1,598,111 12,596,217 1,982,309 3,153,289 43,354 5,178,952 835,374 14,663
60,236 (698) 59,538 35,578 1,270 (259) 36,589 866 37,455 96,993 1,252 7,649 8,901 19,420 1,938
2 3
6,164,741 16,065,847 1,923,860 24,154,448
49,846,683 19,558
8,153,271 44,695,551 102,715,063 8,409,526 1,023,664
6,306,295 7,156,332 260,933 994,530
61,155 82,513 5,579 29,134
1,105,581 (9,355,074) 1,183,697 19,558 958,308 8,409,526 9,387,392
(105,170) 1,150,293 14,663 946,530 260,933 1,222,126
(1,309) 33,404 1,938 11,778 5,579 19,295
16
Bajaj Allianz Life Insurance Company Ltd. I Revenue Account for the year ended 31st March 2011
(Amount in Rs. '000) Non Participating Individual Assurance Individual Health Individual Annuity Group Assurance Individual Assurance Linked Individual Pension Group
4,793,074 (14,846) 4,778,228 137,863 4,698 (1,483) 141,078 1,390 142,468 4,920,696 1,100,408 1,664,590 61,753 2,826,751 153,338 2,957
289,547 (82,153) 207,394 15,961 2,347 (2) 18,306 261 18,567 225,961 45,770 27,378 8,681 81,829 86,728 -
116,773 116,773 19,828 613 (394) 20,047 28 11,874 31,949 148,722 650 2,447 3,097 17,461 -
5,932,720 (54,542) 5,878,178 451,829 10,385 (6,765) 455,449 969 456,418 6,334,596 189,383 247,481 46,850 483,714 2,127,776 -
63,786,160 (151,083) 63,635,077 6,445,793 30,349,883 (3,410,303) (1,712,363) 2,528,991 34,202,001 11,083 34,213,084 97,848,161 2,548,714 9,294,008 1,741,671 13,584,393 43,673,877 -
5,277,101 (603) 5,276,498 414,255 1,632,344 (260,354) 191,737 152,722 2,130,704 4,617 304,846 2,440,167 7,716,665 167,465 1,042,442 1,209,907 2,205,110 -
4,803,272 (1,275) 4,801,997 336,236 194,297 (126,866) 115,361 68,835 587,863 1,166 589,029 5,391,026 128,790 626,563 21,551 776,904 727,599 -
1,560,022 1,716,317 377,628 -
3,463 90,191 53,941 -
128,164 145,625 -
3,410,206 5,537,982 312,900 -
(3,143,749) 36,468,331 76,998,459 7,265,309 -
(177,933) 4,479,581 6,506,758 -
5,648 3,747,639 4,480,886 133,236 -
(377,628) 2,957 377,628 380,585
(53,941) 53,941 53,941
(312,900) 312,900 312,900
1,105,581 (8,370,890) 7,265,309 7,265,309
(133,236) 133,236 133,236
17
Revenue Account for the year ended 31st March 2011 Policyholders' Account (Technical Account)
Particulars
Schedule
Previous Year
Participating Individual Assurance Individual Pension
PREMIUMS EARNED - Net (a) Premium (b) Reinsurance ceded (Refer Schedule 16 Note 16) (c) Reinsurance accepted SUB-TOTAL INCOME FROM INVESTMENTS (a) Interest, Dividend & Rent - Gross (b) Profit on sale / redemption of investments (c) (Loss on sale / redemption of investments) (d) Transfer / Gain on revaluation / change in fair value (e) Other investment income OTHER INCOME Contribution from the Shareholders' account (Refer Schedule 16 Note 15) SUB-TOTAL TOTAL (A) COMMISSION OPERATING EXPENSES RELATED TO INSURANCE BUSINESS Provision for doubtful debts Bad Debts written off Provision for Income Tax Provisions (other than taxation) (a) For diminution in the value of investments (net) (b) Others TOTAL (B) BENEFIT PAID (Net) Interim Bonuses Paid Change in valuation of liability in respect of life policies in force (Refer Schedule 16 Note 1(e) and Note 8) (a) Gross (b) Fund Reserve (Refer Schedule 16 Note 1(e) ) (c) Amount ceded in Re-insurance (d) Amount accepted in Re-insurance TOTAL (C) SURPLUS / (DEFICIT ) (D) = (A) - (B) - (C) Balance of previous year APPROPRIATIONS Transfer (to) / from reserve for lapsed unit linked policies unlikely to be revived (Refer Schedule 16 Note 1(e) and Note 8) Transfer to Shareholders' account Balance being funds for future appropriations DETAILS OF TOTAL SURPLUS Interim Bonuses Paid (a) Allocation of Bonus to policyholders (b) Surplus shown in the Revenue Account (c) Total Surplus [ (a)+ (b)+ (c) ]
114,197,137 (283,480) 113,913,657 6,453,796 31,839,212 (4,970,086) 64,347,447 1,631,794 99,302,163 281,565 694,463 100,278,191 214,191,848
4,975,083 (35,890) 4,939,193 1,149,554 10,457 (476) 1,159,535 49,018 1,208,553 6,147,746 602,688 701,396 21,572 1,325,656 761,147 10,358
58,860 (671) 58,189 31,298 20 31,318 364 31,682 89,871 928 4,946 5,874 29,806 -
2 3
9,625,696 17,716,252 653,127 27,995,075
26,301,986 10,358
12,295,197 143,493,156 182,100,697 4,096,076 1,071,987
3,921,064 4,692,569 129,521 918,099
25,776 55,582 28,415 1,860
1,100,363 (5,244,762) 1,023,664 10,358 488,078 4,096,076 4,594,512
(53,090) 994,530 10,358 477,813 129,521 617,692
(1,141) 29,134 10,265 28,415 38,680
18
(Amount in Rs. '000) Non Participating Individual Assurance Individual Health Individual Annuity Group Assurance Individual Assurance Linked Individual Pension Group
1,784,700 (7,736) 1,776,964 36,589 187 (20) 36,756 1,638 185,031 223,425 2,000,389 567,350 553,129 1,120,479 85,226 -
306,614 (83,846) 222,768 21,078 135 21,213 382 21,595 244,363 50,210 37,715 6,843 94,768 54,633 -
85,237 85,237 10,067 99 10,166 10 10,176 95,413 327 1,340 1,667 7,622 -
4,133,973 (27,261) 4,106,712 187,571 16,465 (6) 204,030 287 204,317 4,311,029 369,845 182,187 552,032 806,308 -
93,880,536 (127,809) 93,752,727 4,563,525 29,820,469 (4,638,975) 61,482,287 1,483,047 92,710,353 191,954 92,902,307 186,655,034 7,677,895 14,920,561 620,796 23,219,252 23,013,128 -
6,705,348 (267) 6,705,081 240,742 1,771,045 (284,957) 2,848,566 91,975 4,667,371 37,860 509,432 5,214,663 11,919,744 327,624 1,271,315 1,598,939 1,253,189 -
2,266,786 2,266,786 213,372 220,335 (45,652) 16,594 56,772 461,421 52 461,473 2,728,259 28,829 43,663 3,916 76,408 290,927 -
838,648 923,874 (43,964) 43,964
54,300 108,933 40,662 94,719
82,561 90,183 3,563 2,708
2,949,402 3,755,710 3,287 9,996
4,168,961 132,350,663 159,532,752 3,903,030 -
254,811 8,812,805 10,320,805 -
(326) 2,329,688 2,620,289 31,562 641
(43,964) (43,964)
(135,381) 40,662 40,662
(6,271) 3,563 3,563
(13,283) 3,287 3,287
1,100,363 (5,003,393) 3,903,030 3,903,030
(32,203) 31,562 31,562
19
Notes to Financial Statements
16
As required by Section 40-B of the Insurance Act, 1938, we certify that all expenses of Management in respect of Life Insurance business transacted in India by the Company have been fully debited to the Policyholders Revenue Account as expenses. The accompanying notes and schedules form an integral part of the financial statements. As per our report of even date attached For Dalal & Shah Chartered Accountants Firm Registration No. 102021W Anish Amin Partner Member Ship No 40451 For B S R & Co. Chartered Accountants Firm Registration No. 101248W Juzer Miyajiwala Partner Member Ship No 47483 For Bajaj Allianz Life Insurance Company Limited
Rahul Bajaj Chairman Niraj Bajaj Director Ranjit Gupta Director Manu Tandon Director
Heinz Dollberg Director Sanjiv Bajaj Director S. H. Khan Director V Philip Managing Director and Chief Executive Officer Kamesh Goyal Alternate Director Suraj Mehta Director Rajesh Viswanathan Chief Financial Officer
Sameer Bakshi Company Secretary and Head- Legal & Compliance
Place : Pune Date : 6th May 2011
20
Bajaj Allianz Life Insurance Company Ltd. I Profit & Loss Account for the year ended 31st March 2011
Form A- PL
Profit & Loss Account for the year ended 31st March 2011 Shareholders' Account (Non Technical Account)
(Amount in Rs. '000) Particulars Amounts transferred from the Policyholders' Account (Technical Account) INCOME FROM INVESTMENTS (a) Interest, Dividends & Rent - Gross (b) Profit on sale / redemption of investments (c) (Loss on sale / redemption of investments) (d) Transfer / Gain on revaluation / change in fair value OTHER INCOME TOTAL(A) Expenses other than those directly related to the insurance business (Refer Schedule 16 Note 11) Others Provisions (Other than Taxation) Contribution to the Policyholders' account (Refer Schedule 16 Note 15) Participating Individual Assurance Individual Pension Non Participating Individual Assurance Individual Health Individual Annuity Group Assurance Linked Individual Assurance Individual Pension Group TOTAL(B) PROFIT / (LOSS) before Tax Provision for Taxation including Wealth Tax PROFIT / (LOSS) after Tax Balance at the beginning of the year PROFIT/(LOSS) CARRIED FORWARD TO BALANCE SHEET Earning Per Share (Basic and Diluted) (Refer Schedule 16 Note 18) Current Year Current Year 9,355,074 Previous Year Previous Year 5,244,762
1,759,051 96,140 (31,364) 11,178,901 45,534 -
983,412 106,342 (5,378) 6,329,138 64,732 -
11,874 304,846 -
185,031 509,432 -
316,720 362,254 10,816,647 246,257 10,570,390 (182,978) 10,387,412 70.14
694,463 759,195 5,569,943 147,075 5,422,868 (5,605,846) (182,978) 35.98
Notes to Financial statements 16 The accompanying notes and schedules form an integral part of the financial statements. As per our report of even date attached For Dalal & Shah Chartered Accountants Firm Registration No. 102021W Anish Amin Partner Member Ship No 40451 For B S R & Co. Chartered Accountants Firm Registration No. 101248W Juzer Miyajiwala Partner Member Ship No 47483 For Bajaj Allianz Life Insurance Company Limited
Rahul Bajaj Chairman
Heinz Dollberg Director
Niraj Bajaj Director Ranjit Gupta Director Manu Tandon Director Anil Singh Appointed Actuary
Sanjiv Bajaj Kamesh Goyal Director Alternate Director S. H. Khan Suraj Mehta Director Director V Philip Rajesh Viswanathan Managing Director and Chief Financial Officer Chief Executive Officer Sameer Bakshi Company Secretary and Head- Legal & Compliance Place : Pune Date : 6th May 2011
21
Form A- BS
Balance Sheet as at 31st March 2011

(Amount in Rs. '000) Particulars SOURCES OF FUNDS SHAREHOLDERS' FUNDS Share Capital Reserves and Surplus Credit/(Debit) Fair Value Change Account SUB TOTAL BORROWINGS POLICYHOLDERS' FUNDS Credit/(Debit) Fair Value Change Account Policy Liabilities (Refer Schedule 16 Note 8) Participating Individual Assurance Individual Pension Non Participating Individual Assurance Individual Health Individual Annuity Group Assurance Linked Individual Assurance Individual Pension Group Insurance Reserves Provision For Linked Liabilities Linked Liabilities Fair value change SUB TOTAL FUNDS FOR FUTURE APPROPRIATIONS Participating Individual Assurance Individual Pension Reserve for Lapsed unit linked policies unlikely to be revived Schedule Current Year Current Year Previous Year Previous Year
5 6
1,507,090 20,986,962 5 22,494,057 37,544
1,507,090 10,599,550 12,106,640 28,433
21,546,414 437,321 2,590,574 163,927 312,114 7,581,846 5,526,929 270,886 16,664 285,074,847 43,766,858
15,240,119 376,166 1,030,552 160,464 183,950 4,171,640 8,670,678 448,819 11,016 238,974,031 45,172,123
38,446,675
30,293,404
328,841,705 367,325,924
284,146,154 314,467,991
1,150,293 33,404 1,183,697 1,745,324 2,929,021 392,749,002
994,530 29,134 1,023,664 2,850,905 3,874,569 330,449,200
22
Bajaj Allianz Life Insurance Company Ltd. I Balance Sheet as at 31st March 2011
Form A- BS
Balance Sheet as at 31st March 2011

(Amount in Rs. '000) Particulars APPLICATION OF FUNDS INVESTMENTS Shareholders' Policyholders' Participating Individual Assurance Individual Pension Non Participating Individual Assurance Individual Health Individual Annuity Group Assurance Linked Individual Assurance Individual Pension Group ASSETS HELD TO COVER LINKED LIABILITIES (Refer Schedule 16 Note 24) LOANS FIXED ASSETS Gross Block Less : Accumulated Depriciation Net Block Capital work in progress CURRENT ASSETS Cash and bank balances Advances and other Assets Sub-Total(A) LESS: CURRENT LIABILITES AND PROVISIONS Current liabilities Provisions Sub-Total(B) NET CURRENT ASSETS (C) = (A-B) MISCELLANEOUS EXPENDITURE (To the extent not written off or adjusted ) DEBIT BALANCE IN PROFIT & LOSS ACCOUNT (Shareholders' account ) Total Schedule Current Year Current Year Previous Year Previous Year
8 8A 22,395,698 463,956 2,547,408 163,427 307,254 7,689,335 7,087,339 264,331 18,491 8B 9 3,727,565 2,167,872 1,559,693 94,016
23,520,820 16,305,353 406,605 1,036,320 254,354 184,115 4,428,070 11,522,213 453,016 32,281
15,453,830
40,937,239 328,841,705 147,078
34,622,327 284,146,154 130,275
10
3,244,726 1,732,178 1,512,548 281,487 1,653,709 1,794,035 2,186,908 3,111,630 5,298,538 10,518,711 660,226 11,178,937 (5,880,399) 182,978 330,449,200
11 12
4,385,098 3,832,457 8,217,555 9,500,915 1,068,189 10,569,104 (2,351,549) 392,749,002
13 14
15
Notes to Financial statements 16 The accompanying notes and schedules form an integral part of the financial statements. As per our report of even date attached For Dalal & Shah Chartered Accountants Firm Registration No. 102021W Anish Amin Partner Member Ship No 40451 For B S R & Co. Chartered Accountants Firm Registration No. 101248W Juzer Miyajiwala Partner Member Ship No 47483 For Bajaj Allianz Life Insurance Company Limited
Rahul Bajaj Chairman
Heinz Dollberg Director
Sanjiv Bajaj Kamesh Goyal Director Alternate Director S. H. Khan Suraj Mehta Director Director V Philip Rajesh Viswanathan Managing Director and Chief Financial Officer Chief Executive Officer Sameer Bakshi Company Secretary and Head- Legal & Compliance Place : Pune Date : 6th May 2011
23
Schedules forming part of financial statements for the year ended 31st March 2011 (Amount in Rs. '000) Participating Individual Assurance 6,398,423 4,642,181 11,040,604 60,236 4,793,074 289,547 116,773 5,932,720 63,786,160 7,931 116,773 1,042,047 7,259,987 415,037 5,277,101 55,840 1,178,139 128,615 1,802,877 50,101,518 3,338,008 4,396 3,607,004 160,932 3,087,796 6,424,655 1,524,056 Individual Pension Individual Assurance Individual Health Individual Annuity Group Assurance Individual Assurance Individual Pension Group 1,913,590 194,120 2,695,562 4,803,272 Non Participating Linked
24 11,040,604 11,040,604 60,236 4,793,074 289,547 116,773 5,932,720 60,236 4,793,074 289,547 116,773 5,932,720 63,786,160 63,786,160 5,277,101 5,277,101 4,803,272 4,803,272 (Amount in Rs. '000) Participating Individual Assurance 1,452,260 3,522,823 4,975,083 58,860 1,784,700 306,614 9,260 55,764 24,148 95,016 3,096 1,751,292 211,598 85,237 85,237 Individual Pension Individual Assurance Individual Health Individual Annuity Non Participating Group Assurance 2,768,779 624,109 741,085 4,133,973 Individual Assurance 24,190,834 62,487,131 7,202,571 93,880,536 Linked Individual Pension 3,210,477 2,758,295 736,576 6,705,348 Group 2,125,198 118,821 22,767 2,266,786 4,975,083 4,975,083 58,860 1,784,700 58,860 1,784,700 306,614 306,614 85,237 85,237 4,133,973 4,133,973 93,880,536 93,880,536 6,705,348 6,705,348 2,266,786 2,266,786 -
Schedule - 1 : Premium
Particulars
Current Year
First Year Premium
23,120,852
Renewal Premium
61,441,298
Single Premium
11,537,337
Total Premium
96,099,487
Premium Income from Business written:
In India
96,099,487
Outside India
Total Premium
96,099,487
Particulars
Previous Year
First Year Premium
35,713,534
Renewal Premium
69,686,107
Single Premium
8,797,496
Total Premium
114,197,137
Premium Income from Business written:
In India
114,197,137
Outside India
Total Premium
114,197,137
Schedules forming part of financial statements for the year ended 31st March 2011 (Amount in Rs. '000) Participating Individual Assurance 1,761,632 225,027 (4,350) 1,982,309 1,252 1,100,408 45,770 650 189,383 2,548,714 (21) (4,042) (962) (6,320) (21,429) (115) 167,465 1,273 1,074,562 29,769 119 39,831 6,901 650 136,899 57,541 1,263 1,177,781 1,297,392 94,970 122,034 41,851 3,695 96,678 815 31,297 128,790 Individual Pension Individual Assurance Individual Health Individual Annuity Group Assurance Individual Assurance Individual Pension Group Non Participating Linked
Schedule - 2 : Commission
Particulars
Current Year
4,409,417 1,660,569 131,994 (37,239)
Commission Paid Direct - First year premium - Renewal Premium - Single Premium Add: Commission on Reinsurance Accepted Less: Commission on Reinsurance Ceded (Refer Schedule 16 Note 16)
Net Commission
6,164,741
Breakup of commission expenses ( Gross) incurred to procure business is furnished below (*) Agents 2,800,010 Brokers 46,501 Corporate Agency 2,908,227 Referral 447,242 Total 6,201,980 Note : Commission of First Year premium includes referral fees amounting to Rs. 447,242 (Previous year Rs. 1,187,516) * Information across line of business has not been disclosed as information is not readily available. Participating Individual Assurance 441,992 162,644 (1,948) 602,688 928 (34) (2,076) 567,350 184 778 568,587 698 141 47,525 4,623 (1,938) 50,210 Individual Pension Individual Assurance Individual Health Non Participating Individual Annuity 327 327 Group Assurance 357,581 15,766 182 (3,684) 369,845 Individual Assurance 5,560,477 2,046,307 87,791 (16,680) 7,677,895
(Amount in Rs. '000) Linked Individual Pension 283,640 38,370 5,664 (50) 327,624 Group
Particulars
Previous Year
7,288,815 2,269,186 94,105 (26,410)
28,829 28,829
Bajaj Allianz Life Insurance Company Ltd. I Schedules forming part of financial statements for the year ended 31st March 2011
Commission Paid Direct - First year premium - Renewal Premium - Single Premium Add: Commission on Reinsurance Accepted Less: Commission on Reinsurance Ceded (Refer Schedule 16 Note 16)
Net Commission
9,625,696
25
Breakup of commission expenses ( Gross) incurred to procure business is furnished below (*) Agents 4,296,516 Brokers 42,674 Corporate Agency 4,125,400 Referral 1,187,516 Total 9,652,106 Note : Commission of First Year premium includes referral fees amounting to Rs. 1,187,516 (Previous year Rs. 1,067,500) * Information across line of business has not been disclosed as information is not readily available.
Schedule - 3 : Operating Expenses Related To Insurance Business

(Amount in Rs. '000) Participating Individual Assurance Individual Pension Individual Assurance Individual Health Individual Annuity Group Assurance Individual Assurance Individual Pension Group Non Participating Linked
26 1,378,474 38,099 26,941 93 65 19,667 13,907 292 206 29 21 3,004 2,125 97,342 68,834 11,992 8,480 3,347 711,569 10,561 1,063 108,704 3,521,938 433,897 269,333 7,444 5,264 177,962 125,843 (2,898) (11,562) 106,394 18,012 38,652 400,157 23,380 6,933 1,210 3 624 9 1 95 (7) (28) 258 44 94 972 57 17 (1,496) (5,968) 54,921 9,298 19,952 206,561 12,069 3,579 (22) (89) 815 138 296 3,066 179 53 (2) (9) 82 14 30 309 18 5 (229) (912) 8,390 1,420 3,048 31,556 1,844 547 (7,404) (29,540) 271,833 46,019 98,753 1,022,381 59,736 17,713 3,091 1,144,687 39,304 (912) (3,639) 33,489 5,669 12,166 125,956 7,359 2,182 381 12,955 (566) (2,259) 20,788 3,519 7,552 78,184 4,568 1,355 236 5,650 300 225 775,260 197,654 65 48 165,972 42,315 403 103 33 25 85,675 21,843 1,272 324 128 33 5 4 13,088 3,337 164 124 424,051 108,112 20 15 52,243 13,319 13 9 32,428 8,268 770,270 248,296 116,838 322,388 454,471 56,649 97,884 3,153,289 53,157 25,013 69,019 129 61 168 1,094 138 238 7,649 164,904 400 85,124 27,439 12,912 35,627 271,459 29,242 50,528 1,664,590 1,263 407 192 529 6,703 434 750 27,378 127 41 19 53 366 44 75 2,447 13,004 4,192 1,973 5,443 34,657 4,467 7,719 247,481 421,322 135,813 63,908 176,339 1,225,174 173,528 250,090 9,294,008 51,906 16,732 7,873 21,725 152,179 19,295 30,811 1,042,442 32,220 10,386 4,887 13,485 85,869 11,500 19,125 626,563
(Refer Schedule 16 Note 10)
Particulars
Current Year
6,438,886
1,196,946
Employees' remuneration, welfare benefits and other manpower costs (*) Travel, conveyance and vehicle running expenses Training expenses Rents, rates and taxes - Service tax borne by Unit linked policy holders' - Service Tax unutilised credits provision/write back - Service Tax Expenses - Rents & Rates Repairs Printing and stationery Communication expenses Legal and professional charges Medical fees Auditors' fees, expenses, etc. a) as auditor b) as adviser or in any other capacity, in respect of i) Taxation Matters ii) Insurance Matters iii) Management Services; and c) in any other capacity d) out of pocket expenses Advertisement and publicity Interest and bank charges Others a) Information technology expenses b) Insurance, water and electricity charges c) Policy stamps d) Security and housekeeping e) Marketing expenses and Business development expenses f) Miscellaneous expenses Depreciation (Refer Schedule 10)
(13,536) (54,006) 496,970 84,133 180,543 1,869,142 109,210 32,384
2,231,972 295,297 457,220
Total
16,065,847
* includes outsourced personal cost of Rs. 412,349
Schedule - 3 : Operating Expenses Related To Insurance Business

(Amount in Rs. '000) Participating Individual Assurance Individual Pension Individual Assurance Individual Health Individual Annuity Group Assurance Individual Assurance Individual Pension Group Non Participating Linked
(Refer Schedule 16 Note 10)
Particulars
Previous Year
6,990,618 161,650 144,494 7,692 6,875 56 50 5,795 5,180 202 181 14 13 2,089 1,867 132,449 118,392
332,629
2,429
250,622
8,743
608
90,326
5,727,789
561,312 12,980 11,602
16,160 373 334
2,829,750 (74,443) 1,638 24,426 4,979 12,550 86,087 5,790 2,173 214 2 161 6 58 (544) 12 178 36 92 629 42 16 (56,090) 1,234 18,404 3,751 9,456 64,863 4,363 1,638 (1,957) 43 642 131 330 2,263 9,489 57 (136) 3 45 9 23 157 11 4
2,714,241
105,681 (125,623) 2,764 40,358 8,402 21,179 145,271 9,771 3,668
9,828 (3,616) 79 1,186 242 609 4,183 281 106
(1,564,516) 34,425 513,331 104,637 263,762 1,809,220 131,021 45,677 4,500
(20,215) (1,281,892) 445 28,207 6,633 421,459 1,352 85,735 3,408 216,115 23,377 1,482,390 1,572 99,702 590 37,425 3,687
361
11
300 346 876,550 281,230
14 17 41,708 13,382
305 98
11 12 31,425 10,082
1,096 352
76 24
4 4 11,326 3,634
246 284 718,205 230,427
24 28 70,383 22,581
1 1 2,026 650
542,950 309,776 110,040 316,087 140,514 7,903 26,397 701,396 14,740 5,236 15,040 108 38 110 849 58 193 4,946
25,835
189
19,465 11,106 3,945 11,332 130,531 5,954 19,889 553,129
679 387 138 395 13,636 208 694 37,715
47 27 10 27 316 14 48 1,340
7,016 4,003 1,422 4,084 29,878 2,146 7,168 182,187
444,868 253,816 90,161 258,988 2,483,336 199,984 454,547 14,920,561
43,596 24,873 8,836 25,380 216,374 16,969 44,545 1,271,315
1,255 716 254 731 5,345 1,625 1,283 43,663
Employees' remuneration, welfare benefits and other manpower costs (*) Travel, conveyance and vehicle running expenses Training expenses Rents, rates and taxes - Service tax borne by Unit linked policy holders' - Service Tax unutilised credits provision/write back - Service Tax Expenses - Rents & Rates Repairs Printing and stationery Communication expenses Legal and professional charges Medical fees Auditors' fees, expenses, etc. a) as auditor b) as adviser or in any other capacity, in respect of i) Taxation Matters ii) Insurance Matters iii) Management Services; and c) in any other capacity d) out of pocket expenses Advertisement and publicity Interest and bank charges Others a) Information technology expenses b) Insurance, water and electricity charges c) Policy stamps d) Security and housekeeping e) Marketing expenses and Business development expenses f) Miscellaneous expenses Depreciation (Refer Schedule 10)
3,020,779 234,861 554,764
27
Total
17,716,252
* includes outsourced personal cost of Rs. 370,757
Schedule - 4 : Benefits paid (net)

(Amount in Rs. '000)
28
Participating Individual Assurance 225,268 501,308 129,613 (14,834) (5,981) 835,374 835,374 835,374 Participating Individual Assurance 197,367 467,732 105,176 (7,876) (1,252) 761,147 761,147 761,147 29,806 29,806 29,806 (938) (35) 85,226 85,226 85,226 3,658 5,767 2,590 23,558 79,266 1,166 3,596 101,306 (4,447) (45,822) 54,633 54,633 54,633 Individual Pension Individual Assurance Individual Health Non Participating Individual Annuity 359 7,263 7,622 7,622 7,622 Group Assurance 640,981 180,018 (6,150) (8,541) 806,308 806,308 806,308 Individual Assurance 2,891,404 112 20,154,919 (33,307) 23,013,128 23,013,128 23,013,128 19,420 19,420 153,338 153,338 86,728 86,728 17,461 17,461 2,127,776 2,127,776 19,420 153,338 86,728 17,461 2,127,776 43,673,877 43,673,877 43,673,877 (78,251) (26,340) (2) 2,205,110 2,205,110 2,205,110 Linked Individual Pension 71,920 94,555 1,086,714 1,253,189 1,253,189 1,253,189 Group (3,615) (1,313) 5,900 (47,694) 4,541 4,834 157,304 609,200 40,942,301 2,065,413 727,599 727,599 727,599 727,599 1,931 12,948 151,755 364 8,988 2,243 15,218 1,518,464 20,552 2,778,595 677 88,590 51,107 Individual Pension Individual Assurance Individual Health Individual Annuity Group Assurance Individual Assurance Individual Pension Group Non Participating Linked 290,927 290,927 290,927 290,927 (52,718) (55,650) -
Particulars
Current Year
4,775,834 566,404 35,770
44,640,805
(61,556) -
(110,574)
Insurance Claims a) Claims by Death b) Claims by Maturity c) Annuities/Pensions payment d) UL Withdrawals/Surrenders & Other Benefits (*) (Amount ceded in reinsurance): a) Claims by Death b) Claims by Maturity c) Annuities/Pensions payment d) UL Withdrawals/Surrenders & Other Benefits Amount accepted in reinsurance a) Claims by Death b) Claims by Maturity c) Annuities/Pensions payment d) UL Withdrawals/Surrenders & Other Benefits Total Benefits paid to claimants: In India Outside India Total
49,846,683
49,846,683 49,846,683
* Surrenders are net of surrender charges of Rs. 2,567,276
Particulars
Previous Year
3,887,483 587,123 7,263
21,928,485
Insurance Claims a) Claims by Death b) Claims by Maturity c) Annuities/Pensions payment d) UL Withdrawals/Surrenders & Other Benefits (Amount ceded in reinsurance): a) Claims by Death b) Claims by Maturity c) Annuities/Pensions payment d) UL Withdrawals/Surrenders & Other Benefits Amount accepted in reinsurance a) Claims by Death b) Claims by Maturity c) Annuities/Pensions payment d) UL Withdrawals/Surrenders & Other Benefits Total Benefits paid to claimants: In India Outside India Total
26,301,986
26,301,986 26,301,986
Schedule - 5 : Share Capital

Particulars Authorised Capital 200,000,000 (Previous Year 200,000,000)Equity Shares of Rs. 10/- Each Issued , Subscribed, Called and Paid up Capital Equity Shares of Rs. 10/- Each 150,709,000 (Previous Year 150,709,000) Equity Shares of Rs.10/- Each Less : Preliminary Expenses (to the extent not written off) Total
Current Year Previous Year
2,000,000 1,507,090
2,000,000 1,507,090
1,507,090
1,507,090
Schedule - 5A : Pattern of Shareholding (As Certified by Management)

Shareholder Current Year Number of Shares PROMOTERS: Indian Bajaj Finserv Limited Foreign Allianz SE TOTAL % of Holding Previous Year Number of Shares % of Holding
111,524,660
74
111,524,660
74
39,184,340 150,709,000
26 100
39,184,340 150,709,000
26 100
29
Schedule - 6 : Reserves and Surplus

Particulars Capital Reserve Capital Redemption Reserve Share Premium Revaluation Reseve General Reserve Catastrophe Reserve Other Reserve Balance of Profit & Loss Account Total
Current Year 10,599,550 10,387,412 20,986,962
Previous Year 10,599,550 10,599,550
Schedule - 7 : Borrowings
Particulars Debentures/Bonds Banks Financial Institutions Others TOTAL
Current Year Previous Year -
30
Schedule - 8 : Investments - Shareholders'

Particulars LONG TERM INVESTMENTS Government securities and Government guaranteed bonds including Treasury Bills (Refer Note 1 below) Other Approved Securities a) Shares aa) Equity bb) Preference b) Mutual Funds c) Derivative Instruments d) Debentures / Bonds e) Other Securities aa) Fixed Deposit with banks f) Subsidiaries g) Investment Properties - Real Estate Investments in Infrastructure & Social Sector Other Investments SHORT TERM INVESTMENTS Government securities and Government guaranteed bonds including Treasury Bills Other Approved Securities a) Shares aa) Equity bb) Preference b) Mutual Funds c) Derivative Instrument d) Debentures / Bonds e) Other Securities aa) Fixed Deposit with banks f) Subsidiaries Investment Properties - Real Estate Investments in Infrastructure & Social Sector Total INVESTMENTS In India Outside India Total
8,658,947
5,946,544
3,741,944 2,899,500 5,332,750 -
3,240,551 323,900 4,124,198 -
953,072
18,305 600,553 823,900 491,849 23,520,820
358,504 1,359,000 101,133 15,453,830
23,520,820 23,520,820
15,453,830 15,453,830
Notes : 1. Includes Rs.157,007 (Previous Year Rs. 157,141 ) deposited with Deutsche Bank AG, persuant to Section 7 of the Insurance Act 1938 (Refer Schedule 16 Note 6 ) 2. Market Value of the above total investments of Rs.23,520,820 (Previous Year Rs. 15,453,830) is Rs.23,293,413 (Previous Year Rs. 15,531,986) Historical cost of investment valued on fair value basis is Rs. 18,300 (Previous Year Rs. Nil)
3.
31
Schedule - 8A : Investments - Policyholders'

(Amount in Rs. '000) Participating Individual Assurance 15,126,108 301,652 1,233,536 35,162 211,543 3,263,414 3,248,988 101,129 9,293 Individual Pension Individual Assurance Individual Health Individual Annuity Group Assurance Individual Assurance Individual Pension Group Non Participating Linked
32 87,952 1,452,223 1,840,500 2,159,811 433,469 23,223 103,031 101,791 68,411 399,056 17,821 1,492,837 124,663 79,700 239,100 59,700 297,500 1,253,974 121,460 10,000 259,895 643 1,688,201 1,187,071 67,404 6,200 535,260 23,223 349,154 709,180 300,000 160,201 22,395,698 22,395,698 22,395,698 463,956 463,956 463,956 4,000 2,547,408 2,547,408 2,547,408 193 314,030 128,265 163,427 163,427 163,427 17,547 307,254 307,254 307,254 706,838 115,882 7,689,335 7,689,335 7,689,335 384,035 158,000 733,811 7,087,339 7,087,339 7,087,339 77,356 18,442 264,331 264,331 264,331 2,998 18,491 18,491 18,491 462,000 -
Particulars
Current Year
23,530,825
87,952 4,671,637
2,516,500 -
5,391,910
LONG TERM INVESTMENTS Government securities and Government guaranteed bonds including Treasury Bills Other Approved Securities a) Shares aa) Equity bb) Preference b) Mutual funds c) Derivative Instruments d) Debentures / Bonds e) Other Securities aa) Fixed Deposits with Banks f) Subsidiaries g) Investment Properties Real Estate Investments in Infrastructure & Social Sector Bonds Other investments Bonds Equity SHORT TERM INVESTMENTS Government securities and Government guaranteed bonds including Treasury Bills Other Approved Securities a) Shares aa) Equity bb) Preference b) Mutual Funds c) Derivative Instruments d) Debentures / Bonds e) Other Securities aa) Fixed Deposits with Banks f) Subsidiaries g) Investment Properties Real Estate Investments in Infrastructure & Social Sector Bonds Other investments TOTAL In India Outside India Total
2,340,442
1,028,336 40,937,239 40,937,239 40,937,239
Note: 1. Market Value of the above total investments of Rs..40,937,239 (Previous year Rs. 34,622,327) is Rs.40,866,509 (Previous year Rs. 35,049,983) 2. Historical cost of investment valued on fair value basis is Rs 73,631 (Previous year Rs. 73,631)
Schedule - 8A : Investments - Policyholders'

(Amount in Rs. '000) Participating Individual Assurance 11,377,322 278,024 402,574 72,157 164,689 2,254,731 6,257,005 77,782 14,872 Individual Pension Individual Assurance Individual Health Individual Annuity Group Assurance Individual Assurance Individual Pension Group Non Participating Linked
Particulars
Previous Year
20,899,156
74,114 4,045,202 162,000 2,662,560 27,950 127,807 9,293 114,581 341,561 45,000 15,205 1,313,631 4,000 158,000 2,363,964 209,451
74,114 1,869,262
10,000
292,185
744
646,902
1,147,537
72,372 105,562 7,300
6,200 500 209
6,962,564 27,950 354,060
497,908 16,648 16,305,353 16,305,353 16,305,353 406,605 406,605 406,605 1,036,320 1,036,320 1,036,320
149,690
127,904 254,354 254,354 254,354
3,477 184,115 184,115 184,115
145,900 66,906 4,428,070 4,428,070 4,428,070
348,218 748,100 289,938 11,522,213 11,522,213 11,522,213
190,000 453,016 453,016 453,016
10,500 32,281 32,281 32,281
1,094,500 -
LONG TERM INVESTMENTS Government securities and Government guaranteed bonds including Treasury Bills Other Approved Securities a) Shares aa) Equity bb) Preference b) Mutual funds c) Derivative Instruments d) Debentures / Bonds e) Other Securities aa) Fixed Deposits with Banks f) Subsidiaries g) Investment Properties Real Estate Investments in Infrastructure & Social Sector Bonds Other investments Bonds Equity SHORT TERM INVESTMENTS Government securities and Government guaranteed bonds including Treasury Bills Other Approved Securities a) Shares aa) Equity bb) Preference b) Mutual Funds c) Derivative Instruments d) Debentures / Bonds e) Other Securities aa) Fixed Deposits with Banks f) Subsidiaries g) Investment Properties Real Estate Investments in Infrastructure & Social Sector Bonds Other investments TOTAL In India Outside India Total
504,873 34,622,327 34,622,327 34,622,327
33
Note: 1. Market Value of the above total investments of Rs. 34,622,327 (Previous year Rs. 23,217,148) is Rs. 35,049,983 (Previous year Rs. 24,022,333) 2. Historical cost of investment valued on fair value basis is Rs 73,631 (Previous year Rs. 40,587)
Schedule - 8B : Assets held to cover linked liabilities

Particulars LONG TERM INVESTMENTS Government securities and Government guaranteed bonds including Treasury Bills Other Approved Securities a) Shares aa) Equity bb) Preference b) c) d) e) f) g) Mutual Funds Derivative Instruments Debentures / Bonds Other Securities aa) Fixed Deposit with Banks Subsidiaries Investment Properties - Real Estate
2,004,131
2,816,020
222,366,564 8,113,260 7,117,500 15,893,394 24,583,590 1,710,929
195,838,931 6,174,713 908,400 15,243,670 19,175,337 796,834
Investments in Infrastructure and Social Sector Other Investments SHORT TERM INVESTMENTS Government securities and Government guaranteed bonds including Treasury Bills Other Approved Securities a) Shares aa) Equity bb) Preference b) c) d) e) f) g) Mutual Funds Derivative Instrument Debentures / Bonds Other Securities aa) Fixed Deposit with Banks Subsidiaries Investment Properties - Real Estate
37,066,699 2,553,200 2,773,264 165,000 4,494,174 328,841,705 328,841,705 328,841,705
2,154,200 28,400,020 4,254,100 893,000 7,490,929 284,146,154 284,146,154 284,146,154
Investments in Infrastructure and Social Sector Other Investments Net Current Assets Total INVESTMENTS In India Outside India Total (Refer Schedule 16 Note 24) Historical Cost of above investments is Rs. 285,074,847 ( Previous Year Rs. 238,974,031)
34
Schedule - 9 : Loans
Particulars SECURITY-WISE CLASSIFICATION Secured a) On mortgage of property aa) In India bb) Outside India b) c) On Shares, Bonds, Government Securities etc. Loan against policies Total BORROWER-WISE CLASSIFICATION a) b) c) d) e) Central and State Government Bank and Financial Institutions Subsidiaries Companies Loan against policies Total PERFORMANCE-WISE CLASSIFICATION a) Loans classified as standard : aa) In India bb) Outside India Total MATURITY-WISE CLASSIFICATION a) b) Short-Term Long-Term Total
147,078 147,078 147,078 147,078
130,275 130,275 130,275 130,275
147,078 147,078 147,078 147,078
130,275 130,275 130,275 130,275
35
Schedule - 10 : Fixed Assets

Opening GROSS BLOCK Additions Deductions Closing Upto last year 62,856 445,409 34,947 2,534 59,452 948,495 54,385 7,338 116,762 1,732,178 1,182,816 554,764 5,402 457,220 26,024 148 3,091 5,016 5,413 142,638 15,927 330 69,982 273,296 108 1,221,683 8,915 401 67,966 90,863 213,845 92,327 13,278 46,683 1,559,693 1,732,178 1,512,548 572 3,106 7,911 16,845 51,792 1,031,236 106,063 15,523 535,949 53,162 6,487 69,343 10,388 9,053 146,717 708,433 7,585 92,140 385,316 98,808 10,476 54,020 1,512,548 To date DEPRECIATION For the On Sales/ year Adjustments NET BLOCK Current Previous Year Year
36 71,909 592,126 743,380 10,119 151,592 1,333,811 153,193 17,814 170,782 510,966 851,140 8,815 3,244,726 28,127 3,727,565 18,878 339 189,321 7,874 6,997 18,691 10,107 991 162,309 101,895 178 1,435,528 7,844 607 158,829 898 11,017 339,648 1,083,028 16,000 19,015 589,111 7,822 79,731 21,526 2,167,872 2,402,401
Particulars
Intangible -Computer Software
Leasehold Improvements
Buildings (Refer note 2 below)
Electrical Fittings
Furniture & Fittings
Information Technology Equipment
Air Conditioners
Vehicles
Office Equipment
Total
3,244,726
Previous Year
Note: 1. Refer Note No.1 (h) of Schedule 16. 2. Buildings includes share of undivided portion of land at an estimated cost of Rs. 19,039 (Previous year Rs. 19,039).
Schedule - 11 : Cash and Bank Balances

Particulars 1. 2. Cash (including cheques, drafts and stamps) (*) Bank Balances a) Deposit Accounts aa) Short-term (due within 12 months of the date of Balance Sheet ) bb) Others b) c) 3. a) b) 4. Current Accounts Others With Banks With Other Institutions Total Balances with non-scheduled banks included in 2 and 3 above Cash and Bank Balances 1. 2. In India Outside India Total (*) includes credit card collections
Current Year Previous Year 2,567,288 896,339
97,278 1,720,532 4,385,098
2,500 1,288,069 2,186,908
Money at Call and Short Notice
Others
4,385,098 4,385,098
2,186,908 2,186,908
37
Schedule - 12 : Advances and Other Assets

Particulars ADVANCES Reserve deposits with ceding companies Application money for investments Prepayments Advances to Directors / Officers Advance Tax paid and taxes deducted at source Others : Advances to Suppliers Others Total (A) OTHER ASSETS Income accrued on investments Outstanding Premiums Agents' Balances Foreign Agencies Balance Due from other entities carrying on insurance business (Including amount due from Reinsurers) Due from subsidiaries / holding company Deposit with Reserve Bank of India [pursuant to section 7 of Insurance Act,1938] Deposits Others : Unsettled Investment contract receivable Others Total (B) Total (A+B)
88,572 238,765 1,444 328,781 1,569,322 1,084,390 22,069 239,682 495,360 92,853 3,503,676 3,832,457
170,684 116,970 2,704 290,358 1,366,121 427,502 26,700 246,798 749,688 4,463 2,821,272 3,111,630
38
Schedule - 13 : Current Liabilities

Particulars Agents' Balances Balances due to other insurance companies Deposits held on reinsurance ceded Premium received in advance Premium & Other Deposits Sundry Creditors Due to Subsidaries / holding company Claims Outstanding Annuities Due Due to Officers / Directors of the Company Unclaimed Amount-Policyholders [Refer Schedule 16 Note 9 (b)] Others : Temporary Overdraft as per the books of accounts Total
Current Year Previous Year 3,414,331 65,731 174,249 1,097,160 3,282,332 509,388 956,707 1,017 9,500,915 3,641,903 82,867 171,638 1,725,733 3,451,467 533,843 772,903 138,357 10,518,711
Schedule - 14 : Provisions
Particulars For Taxation (Less Payments and Taxes deducted at Sources) Wealth Tax Income Tax For Proposed dividends For dividend distribution tax Others: For Leave Encashment For Long Term Incentive Plan For Gratuity Total
Current Year 115 585,443
Current Year
Previous Year Previous Year 200 125,993
585,558 -
126,193 -
272,601 210,030 -
482,631 1,068,189
254,326 244,624 35,083
534,033 660,226
Schedule - 15 : Miscellaneous Expenditure (To the extent not written-off or adjusted)

Particulars Discount allowed on issue of shares / debentures Others Total
Current Year Previous Year -
39
Annexure to Revenue Account-Break Up of Unit Linked Business (UL) for the year ended 31st March 2011
Revenue Account for the year ended 31 March 2011 Policyholders' Account (Technical Account)
Particulars Schedule Non-Unit (1) PREMIUM EARNED NET (A) Premium (B) Reinsurance ceded (Refer Schedule 16 Note 16) SUB-TOTAL INCOME FROM INVESTMENTS (a) Interest, dividend & rent - gross (b) Profit on sale / redemption of investments (c) Loss on sale / redemption of investments (d) Unrealised gain / (loss) (e) Other investment income 1,119,225 (151,083) 968,142 Linked Life Unit (2) 62,666,935 62,666,935 Total (3)=(1) + (2) 63,786,160 (151,083) 63,635,077
st
741,426 52,093 (22,236) 771,283
5,704,367 30,297,790 (3,388,067) (1,712,363) 2,528,991 33,430,718
6,445,793 30,349,883 (3,410,303) (1,712,363) 2,528,991 34,202,001
OTHER INCOME: (a) Linked income (b) Contribution from Shareholders' account (Refer Schedule 16 Note 15) (c) Others Total (A) COMMISSION OPERATING EXPENSES RELATED TO INSURANCE BUSINESS Provision for Income Tax TOTAL (B) BENEFITS PAID (NET) Interim Bonus Paid Change In Valuation of Liability In Respect Of Life Policies (Refer Schedule 16 Note 1(e) and note 8) Change In Valuation Liability (Refer Schedule 16 Note 1(e) and note 8) TOTAL (C) Surplus / (Deficit) (D) =(A)-(B)-(C) Balance of previous year (E)
UL1
15,888,187 11,083 17,638,695 2,548,714 8,149,321 1,741,671 12,439,706
(15,888,187) 80,209,466 1,144,687 1,144,687 42,596,448 36,468,331
11,083 97,848,161 2,548,714 9,294,008 1,741,671 13,584,393 43,673,877 (3,143,749) 36,468,331
UL2
1,077,429 (3,143,749) -
(2,066,320) 7,265,309 -
79,064,779 -
76,998,459 7,265,309 -
APPROPRIATIONS Transfer (to)/from reserve for lapsed unit linked policies unlikely to be revived (E) Transfer To Shareholders' a/c Balance being funds for future appropriations (D) - (E)
1,105,581 (8,370,890) -
1,105,581 (8,370,890) -
40
(Amount in Rs. '000) Linked Pension Non-Unit (4) 208,591 (603) 207,988 Unit (5) 5,068,510 5,068,510 Total (6)=(4) + (5) 5,277,101 (603) 5,276,498 Non-Unit (7) 800,913 (1,275) 799,638 Linked Group Unit (8) 4,002,359 4,002,359 Total (9)= (7) + (8) 4,803,272 (1,275) 4,801,997 Current Year (10)=(3)+ (6)+(9) 73,866,533 (152,961) 73,713,572
35,589 1,049 (3) 36,635
378,666 1,631,295 (260,351) 191,737 152,722 2,094,069
414,255 1,632,344 (260,354) 191,737 152,722 2,130,704
2,538 115 (15) 2,638
333,698 194,182 (126,851) 115,361 68,835 585,225
336,236 194,297 (126,866) 115,361 68,835 587,863
7,196,284 32,176,524 (3,797,523) (1,405,265) 2,750,548 36,920,568
391,553 304,846 4,617 945,639 167,465 1,003,138 1,170,603 (47,031) (177,933) -
(391,553) 6,771,026 39,304 39,304 2,252,141 4,479,581
304,846 4,617 7,716,665 167,465 1,042,442 1,209,907 2,205,110 (177,933) 4,479,581
99,391 1,166 902,833 128,790 613,608 21,551 763,949 5,648 -
(99,391) 4,488,193 12,955 12,955 727,599 3,747,639
1,166 5,391,026 128,790 626,563 21,551 776,904 727,599 5,648 3,747,639
304,846 16,866 110,955,852 2,844,969 10,963,013 1,763,222 15,571,204 46,606,586 (3,316,034) 44,695,551
(224,964) -
6,731,722 -
6,506,758 -
5,648 133,236 -
4,475,238 -
4,480,886 133,236 -
87,986,103 7,398,545 -
(133,236) -
(133,236) -
1,105,581 (8,504,126) -
41
Revenue Account for the year ended 31 March 2011 Policyholders' Account (Technical Account)
Particulars Schedule Non-Unit (1) PREMIUM EARNED NET (a) Premium (b) Reinsurance ceded (Refer Schedule 16 Note 16) SUB-TOTAL INCOME FROM INVESTMENTS (a) Interest, dividend & rent - gross (b) Profit on sale / redemption of investments (c) Loss on sale / redemption of investments (d) Unrealised gain / (loss) (e) Other investment income 16,220,076 (127,809) 16,092,267 Linked Life Unit (2) 77,660,460 77,660,460 Total (3)=(1) + (2) 93,880,536 (127,809) 93,752,727
st
925,943 41,943 (958) 966,928
3,637,582 29,778,526 (4,638,017) 61,482,287 1,483,047 91,743,425
4,563,525 29,820,469 (4,638,975) 61,482,287 1,483,047 92,710,353
OTHER INCOME: (a) Linked income (b) Contribution from Shareholders' account (Refer Schedule 16 Note 15) (c) Others Total (A) COMMISSION OPERATING EXPENSES RELATED TO INSURANCE BUSINESS Provision for Income Tax TOTAL (B) BENEFITS PAID (NET) Interim Bonus Paid Change In Valuation of Liability In Respect Of Life Policies (Refer Schedule 16 Note 1(e) and note 8) Change In Valuation Liability (Refer Schedule 16 Note 1(e) and note 8) TOTAL (C) Surplus / (Deficit) (D) =(A)-(B)-(C) Balance of previous year (E)
UL1
13,724,835 191,954 30,975,984 7,677,895 12,206,320 620,796 20,505,011
(13,724,835) 155,679,050 2,714,241 2,714,241 20,614,146 132,350,663
191,954 186,655,034 7,677,895 14,920,561 620,796 23,219,252 23,013,128 4,168,961 132,350,663
UL2
2,398,982 4,168,961 -
6,567,943 3,903,030 -
152,964,809 -
159,532,752 3,903,030 -
APPROPRIATIONS Transfer (to)/from reserve for lapsed unit linked policies unlikely to be revived (E) Transfer To Shareholders' a/c Balance being funds for future appropriations (D) - (E)
1,100,363 (5,003,393) -
1,100,363 (5,003,393) -
42
(Amount in Rs. '000) Linked Pension Non-Unit (4) 919,241 (267) 918,974 Unit (5) 5,786,107 5,786,107 Total (6)=(4) + (5) 6,705,348 (267) 6,705,081 Non-Unit (7) 62,535 62,535 Linked Group Unit (8) 2,204,251 2,204,251 Total (9)= (7) + (8) 2,266,786 2,266,786 Previous Year (10)=(3)+ (6)+(9) 102,852,670 (128,076) 102,724,594
34,375 1,695 (2) 36,068
206,367 1,769,350 (284,955) 2,848,566 91,975 4,631,303
240,742 1,771,045 (284,957) 2,848,566 91,975 4,667,371
2,370 22 2,392
211,002 220,313 (45,652) 16,594 56,772 459,029
213,372 220,335 (45,652) 16,594 56,772 461,421
5,017,639 31,811,849 (4,969,584) 64,347,447 1,631,794 97,839,145
284,798 509,432 37,860 1,787,132 327,624 1,165,634 1,493,258 39,063 254,811 -
(284,798) 10,132,612 105,681 105,681 1,214,126 8,812,805
509,432 37,860 11,919,744 327,624 1,271,315 1,598,939 1,253,189 254,811 8,812,805
32,837 52 97,816 28,829 33,835 3,916 66,580 (326) -
(32,837) 2,630,443 9,828 9,828 290,927 2,329,688
52 2,728,259 28,829 43,663 3,916 76,408 290,927 (326) 2,329,688
509,432 229,866 201,303,037 8,034,348 16,235,539 624,712 24,894,599 24,557,244 4,423,446 143,493,156
293,874 -
10,026,931 -
10,320,805 -
(326) 31,562 641
2,620,615 -
2,620,289 31,562 641
172,473,846 3,934,592 641
(32,203) -
(32,203) -
1,100,363 (5,035,596) -
43
Schedule - UL1 : Linked Income

(recovered from linked funds) (net of service tax)

Particulars Life Linked Unit (1) 219,430 4,122,023 7,947,302 2,407 3,112,494 484,531 15,888,187 Pension Linked Unit (2) 220,741 154,417 1,223 14,032 1,140 391,553 Linked Group Current Unit Year (3) (4)= (1)+(2)+(3) 65,138 6,172 27,522 559 99,391 219,430 4,407,902 8,107,891 3,630 3,154,048 486,230 16,379,131
Fund Administration charge Fund Management charge Policy Administration charge Surrender charge Switching charge Mortality charge Rider Premium charge Partial withdrawal charge Miscellaneous charge TOTAL (UL-1)
Schedule - UL1 : Linked Income

(recovered from linked funds) (net of service tax)
Particulars
Life Linked Unit (1) 236,926 3,092,384 6,734,816 4,479 3,132,259 523,971 13,724,835
Pension Linked Unit (2) 145,004 125,130 615 12,948 1,101 284,798
Linked Group Unit (3) 32,204 115 491 27 32,837
Previous Year (4)= (1)+(2)+(3) 236,926 3,269,592 6,860,061 5,094 3,145,698 525,099 14,042,470
Fund Administration charge Fund Management charge Policy Administration charge Surrender charge Switching charge Mortality charge Rider Premium charge Partial withdrawal charge Miscellaneous charge TOTAL (UL-1)
44
Schedule - UL2 : Benefits Paid (net)

Linked Life Unit Total (2) (3)=(1)+(2) Total (6)=(4)+(5) Linked Pension Non-Unit Unit (4) (5) Linked Group Current Year Non Unit Unit Total (7) (8) (9)=(7)+(8) (10)=(3)+(6)+(9)
Sl. No. Particulars
Non-Unit (1)
2,778,595 677 40,942,301 43,721,573 (47,694) (2) (47,696) 43,673,877 43,673,877 43,673,877 (47,031) (47,031) 2,252,141 2,252,141 2,205,110 2,205,110 (47,031) 2,252,141 2,205,110 727,599 727,599 727,599 727,599 (57,621) (47,031) 2,123,033 2,252,141 2,065,412 2,205,110 727,599 727,599 727,599 727,599
4,982 5,608 -
83,609 45,499 -
88,591 51,107 -
2,867,186 51,784 43,735,312 46,654,282 (47,694) (2) (47,696) 46,606,586
1 Insurance Claims (a) Claims by Death 2,155,393 623,202 (b) Claims by Maturity 11 666 (c) Annuities / Pension payment (d) Other benefits - Surrender (*) (1,030,279) 41,972,580 - Survival Sub Total (A) 1,125,125 42,596,448 2 Amount Ceded in reinsurance (a) Claims by Death (47,694) (b) Claims by Maturity (c) Annuities / Pension payment (d) Other benefits - Surrender (2) - Survival Sub Total (B) (47,696) TOTAL (A) - (B) 1,077,429 42,596,448 Benefits paid to claimants: In India 1,077,429 42,596,448 Outside India TOTAL (UL2) 1,077,429 42,596,448
Previous Year Non Unit (7) Total (9)=(7)+(8)
* Surrenders are net of surrender charges of Rs. 2,567,276
727,599 46,606,586 727,599 46,606,586 (Amount in Rs. '000)

Linked Group Unit (8)
Sl. No. Particulars
Non-Unit (1)
Linked Life Unit Total (2) (3)=(1)+(2) Non-Unit (4)
Linked Pension Unit (5)
Total (6)=(4)+(5)
(10)=(3)+(6)+(9)
2,432,289 - 20,154,919 23,046,435 (33,307) (33,307) 23,013,128 23,013,128 23,013,128 39,063 39,063 39,063 39,063 20,154,919 -
459,115 112 -
2,891,404 112 -
39,063 -
32,857 94,555 1,086,714 1,214,126 1,214,126 1,214,126 1,214,126
71,920 94,555 1,086,714 1,253,189 1,253,189 1,253,189 1,253,189
290,927 290,927 290,927 290,927 290,927
290,927 290,927 290,927 290,927 290,927
2,963,324 94,667 21,532,560 24,590,551
2,432,289 20,614,146 -
(33,307) -
1 Insurance Claims (a) Claims by Death (b) Claims by Maturity (c) Annuities / Pension payment (d) Other benefits - Surrender - Survival Sub Total (A) 2 Amount Ceded in reinsurance (a) Claims by Death (b) Claims by Maturity (c) Annuities / Pension payment - Surrender - Survival Sub Total (B) TOTAL (A) - (B) Benefits paid to claimants: In India Outside India
(33,307) 2,398,982 20,614,146
(33,307) (33,307) 24,557,244 24,557,244 24,557,244
2,398,982 20,614,146 -
45
TOTAL (UL2)
2,398,982 20,614,146
Schedule - 16 : Notes to financial statements
Background Bajaj Allianz Life Insurance Company Limited (the Company) was incorporated on 12th March 2001 as a Company under the Companies Act, 1956. The Company obtained a license from the Insurance Regulatory and Development Authority (IRDA) for carrying on the business of life insurance on 3rd August 2001. The registration certificate granted by IRDA is valid and the same has been renewed for the year 2011-2012. The Company has a wide range of products in traditional and unit-linked insurance business.
Premium Income Premium is recognised as income when due. For linked business, premium is recognized when the associated units are allotted. Premium on lapsed policies is recognized as income when such policies are reinstated. In case of linked business, top up premiums paid by policyholders are unitized and considered as single premium. This premium is recognised when associated units are allotted. Commission received on reinsurance ceded is recognized as income in the period in which reinsurance premium is ceded.
1. Significant Accounting Policies followed by the Company Basis of Preparation The accompanying financial statements have been prepared and presented under the historical cost convention, on the accrual basis of accounting, in compliance with the accounting standards ('AS') prescribed in the Companies Act 1956 and Rules thereunder, to the extent applicable, and in accordance with the provisions of the Insurance Act, 1938, the Insurance Regulatory and Development Authority (Preparation of Financial Statements and Auditor's Report of Insurance Companies) Regulations, 2002 ('the Regulations'), Insurance Regulatory and Development Authority Act, 1999, various circulars issued by IRDA and the practices prevailing in the insurance industry in India. The accounting policies have been consistently applied by the Company. Income earned on investments Interest income is recognised on an accrual basis. Dividend income is recognized when the right to receive dividend is established. Premium or discount on acquisition, as the case may be, in respect of debt securities, pertaining to non-linked investments is amortized over the period of maturity / holding and offset against interest income. Profit / loss on sale / redemption of securities other than linked investments is recognized on trade / redemption date and includes effects of accumulated fair value changes, as applicable and previously recognised, for specific investments sold / redeemed during the year. Cost of security is determined on weighted average cost basis. The realized gains or losses on the debt securities for other than linked business is the difference between the net sale consideration and the amortized cost computed on weighted average basis as on the date of sale. The realized gains or losses on equity shares and mutual fund units for other than linked business is the difference between the net sale consideration and the weighted average cost in the books of the Company. The realized gains or losses on securities held for linked business is the difference between the net sale consideration and the weighted average cost as on the date of sale. Fund Management Charges, Policy / Fund Administration Charges and Cost of Insurance are accounted for on accrual basis in accordance with terms and conditions described in the issued policies.
Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue and expenses and disclosure of contingent liabilities as on the date of financial statements. The estimates and assumptions used in the accompanying financial statements are based upon management's evaluation of the relevant facts and circumstances as of the date of the financial statements. Actual results could differ from those estimates. Any revision to accounting estimates is recognized prospectively in current and future periods.
a) Revenue Recognition Revenues are recognised as under. However recognition is postponed where ultimate collectibility lacks reasonable certainty.
b) Reinsurance premium Reinsurance premium ceded is accounted in accordance with the treaty with reinsurers.
46
c) Benefits Paid (Including Claims) Death and surrender claims are accounted for on receipt of intimation. Maturity claims are accounted when due for payment. Reinsurance recoveries are accounted for in the same period as the related claims and netted off against the claim expense incurred. Repudiated claims disputed before judicial authorities are provided for based on the best judgment of the management considering the facts and evidence in respect of each such claim. Withdrawals under unit linked policies are accounted in respective schemes when the associated units are cancelled. Surrender Charges recovered are netted off against the claim expense incurred.
Investments are recorded on trade date at cost, which includes brokerage, fees and related taxes, if any and excludes preacquisition interest, if any.
i) Classification Investments maturing within twelve months from the Balance Sheet date and investments made with the specific intention to dispose of within twelve months from Balance Sheet date are classified as short-term investments. Investments other than short term are classified as long-term investments. Investments are specifically procured and held for policyholders and shareholders independently and the income relating to these investments is recognized in the Revenue Account and Profit and Loss Account respectively.
d) Acquisition Costs Acquisition costs such as commission, policy issue expenses etc. are costs that vary with and are primarily relatable to the acquisition of new and renewal insurance contracts. Such costs are expensed in the year in which they are incurred. Additional first year commission is accounted for on an accrual basis, after considering estimated lapsations. Claw back in future, if any, for the first year commission paid, is accounted for in the year in which it is recovered. ii) Valuation Shareholders' investments and non-linked policyholders' investments All debt securities are considered as 'held to maturity' and accordingly stated at historical cost adjusted for amortization of premium or accretion of discount over the period held to maturity / sale. Listed equity shares and mutual fund units are stated at fair value, in accordance with IRDA Investment (Amendment) Regulations 2001. Fair value for listed equity shares is the lower of the last quoted closing price on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). Fair value for mutual fund units is the per unit net asset value on the Balance Sheet date declared by respective Mutual Fund. Unrealized gains / losses on changes in fair values of listed equity shares and mutual funds are taken to the Fair Value Change Account and carried forward in the Balance Sheet.
e) Liability for life policies (i) The Company provides for liabilities in respect of all in force policies and lapsed policies that are likely to be revived in future, based on actuarial valuation done by the Appointed Actuary as per gross premium method in accordance with accepted actuarial practices, requirements of IRDA and the Institute of Actuaries of India. (ii) Accordingly liabilities in respect of unit linked policies which have lapsed and are not likely to be revived, are shown as a separate item under the head funds for future appropriations, until expiry of the revival period. This is as per IRDA Circular No. 041/IRDA/ACTL/MAR-2006 dated 29th March 2006. (iii) Linked liabilities comprise unit liability representing the fund value of policies and non-unit liability for meeting insurance claims & expenses etc. This is based on an actuarial valuation carried out by the Appointed Actuary. Actuarial policies and assumptions are given in Note 8 below.
iii) Valuation linked business Listed equity shares are valued at fair value, being the last quoted closing price on the NSE. In case the equity shares are not listed on the NSE, then they are valued on the last quoted closing price on BSE. Unlisted shares are stated at historical cost subject to provision for diminution, if any, in the value of such investment. Government securities are valued at prices obtained from Credit Rating Information Services of India Ltd. (CRISIL). Corporate bonds and debentures are valued on the basis of CRISIL Bond Valuer. Treasury bills, certificate of deposits and commercial papers are valued at cost plus accretion using the Straight Line method. Mutual fund units have been valued at the last available per unit Net Asset Value declared by the respective mutual fund.
f) Investments Investments are made in accordance with the Insurance Act, 1938, the Insurance Regulatory and Development Authority (Investment) Regulations, 2000, as amended and circulars / notifications issued by IRDA from time to time.
47
iv) Transfer of investments Transfer of investments from Shareholders' Fund to the Policyholders' Fund is at book value or market price; whichever is lower. Transfer of debt securities is at lower of amortised cost or market price. Inter fund transfer of Treasury Bills, Certificate of Deposits and Commercial Papers between unit linked funds is done at cost plus accretion. All other transfer of investments between unit linked funds is done at market price.
The Company provides pro rata depreciation from the month in which the asset is acquired / first put to use and upto the month in which the asset is sold / discarded. Assets costing individually less than Rs 5,000 are charged off as revenue expenses. Assets costing Rs 5,000 and above, upto Rs 20,000, are fully depreciated in the year of acquisition. Impairment of Assets The Company assesses at each Balance Sheet date whether there is any indication that an asset may be impaired. If any such indication exists, the Company estimates the recoverable amount of the asset. An impairment loss is recognized if such recoverable amount of the asset is less than its carrying amount. After impairment, depreciation is provided on the revised carrying amount of the assets over its remaining useful life.
g) Loans Loans are stated at historical cost, net of provision for impairment, if any.
i) Accounting for leases h) Fixed Assets and Depreciation Fixed assets are stated at cost of acquisition less accumulated depreciation. Cost of acquisition includes incidental expenses relating to acquisition and installation. In respect of liabilities incurred in acquisition of fixed assets in foreign exchange, the net gain or loss arising on conversion / settlement is charged to Revenue Account. Intangible assets comprising software are stated at cost less amortization. Depreciation / amortisation is provided on Straight Line Method (SLM) with reference to the management's assessment of the estimated useful life of the assets or the rates specified by the Schedule XIV of the Companies Act, 1956, whichever is higher. Depreciation / amortisation is provided at the following rates: Asset Class Rate of Rate of Depreciation / Depreciation amortization as per Sch. XIV (SLM) (SLM) 33.33% p.a. 16.21% p.a. Over the Over the balance period balance period of Lease of Lease 2.00% p.a. 6.33% p.a. 6.33% p.a. 33.33% p.a. 10.00% p.a. 20.00% p.a. 25.00% p.a. 1.63% p.a. 4.75% p.a. 6.33% p.a. 16.21% p.a. 4.75% p.a. 7.07% p.a. 4.75% p.a. k) Transactions in Foreign Currency Transactions in foreign currency on account of revenue expenditure are accounted for at the rate prevailing at the date of the transactions. Current assets and liabilities are translated Operating leases Leases where the lessor effectively retains substantially all the risks and benefits of ownership over the leased term are classified as operating leases. Operating lease rentals are recognized as an expense in the profit and loss account / revenue account on a straight-line basis over the lease term.
j) Employee Benefits: The Company makes contributions to the defined contribution schemes such as Statutory Provident Fund, Employee Labour Welfare Fund, Employees' State Insurance Corporation and Employee Deposit Link Insurance Scheme at the prescribed rates. Contributions are charged to the Revenue Account of the year when the contributions to the funds are due. The Company makes a contribution to the Bajaj Auto Employee Superannuation Scheme, a defined contribution scheme, for its eligible employees at fixed rates. The Company's liability towards Gratuity, Leave Encashment and Long Term Incentive Plan being defined benefit plans is accounted for on the basis of independent actuarial valuations carried out at the year end and actuarial gains / losses related there to are charged to the Revenue Account. The actuarial method used for measuring the aforesaid liabilities is 'Projected Unit Credit Method'.
Intangibles Computer Software Leasehold Improvements
Buildings Electrical Fittings Furniture & Fittings Information Technology Equipment Air Conditioner Vehicles Office Equipment
48
at the year-end closing rates. The resulting exchange gain or loss, if any, is reflected in the profit and loss account / revenue account.
o) Earnings per share Basic earnings per share is calculated by dividing the net profit or loss for the year attributed to equity shareholders by the weighted number of equity shares outstanding during the year. For the purpose of calculating diluted earnings per share, the net profit or loss for the year attributable to equity shareholders and the equity weighted number of shares outstanding during the year are adjusted for effects of all dilutive equity shares.
l) Taxation Income Tax expense comprises current tax (i.e. amount of tax for the period determined in accordance with the income-tax law) and deferred tax charge or credit (reflecting the tax effects of timing differences between the accounting income and taxable income for the period). Deferred tax is measured based on the tax rates and the tax laws enacted or substantively enacted at the balance sheet date. Deferred tax assets are recognised only to the extent that there is reasonable certainty that sufficient future taxable income will be available against which such deferred tax assets can be realised. In situations where the Company has unabsorbed depreciation or carry forward tax losses, deferred tax assets are recognised only if there is virtual certainty supported by convincing evidence that they can be realised against future taxable profits. At each balance sheet date the Company re-assesses unrecognised deferred tax assets. It recognises unrecognised deferred tax assets to the extent that it has become reasonably certain or virtually certain, as the case may be that sufficient future taxable income will be available against which such deferred tax assets can be realised.
p) Segment Reporting The Company's reportable segments are business segments which have been identified in accordance with the regulations. The operating expenses, investments and other income attributable to the business segments are allocated as mentioned in Note 10. Segment revenues and results have been disclosed in the Financial Statements itself. Segment assets and liabilities have been identified to the extent possible in the following table. There are no reportable geographical segments since the Company provides services to customers in the Indian market only and does not distinguish any reportable regions within India. Statutory disclosures as required by the Regulations
2. (i) Contingent Liabilities (Rupees '000)
m) Provisions and Contingent liabilities The Company creates a provision when there is present obligation as a result of a past event that probably requires an outflow of resources and a reliable estimate can be made of the amount of the obligation. A disclosure for a contingent liability is made when there is a possible obligation or a present obligation that may, but probably will not, require an outflow of resources. When there is a possible obligation or a present obligation in respect of which the likelihood of outflow of resources is remote, no provision or disclosure is made.
Particulars Partly-paid up investments Underwriting commitments outstanding Claims, other than those under policies, not acknowledged as debts Guarantees given by or on behalf of the Company Statutory demands / liabilities in dispute, not provided for * Reinsurance obligations to the extent not provided for in accounts Claims, under policies, not acknowledged as debts
As at 31 March 2011 Nil Nil
As at 31 March 2010 Nil Nil
37,167 Nil 7,064
955 Nil 7,064
n) Service Tax Service Tax liability on premium and charges is setoff against available service tax credits from service tax payments made for Insurance Auxiliary and other eligible services. Unutilised credits, if any, are carried forward under "Advances and other Assets" for adjustments / setoff in subsequent periods, after creating a provision based on estimated realization of the unutilised credit. Such provisions are subsequently reversed only on reasonable certainty that the credits will be utilized in future periods.
Nil 92,039
Nil 56,809
* The Service Tax department has issued an order on the Company for Rs.7,064 thousand (excluding interest), pertaining to the period August 2002 to 31st December 2004. The Company has filed an appeal against the order with the Customs, Excise and Service Tax Appellate Tribunal.
49
(ii) Penalties : Details of penal actions taken by various Government Authorities as required vide Circular No.005/IRDA/F&A/CIR/MAY-09 dated May 7, 2009 are given below. (Rupees '000) Sr. No. 1 Authority Insurance Regulatory and Development Authority Non-Compliance / Violation Penalty Awarded Penalty Paid Penalty Waived / Reduced 500 (Nil) Nil (Nil)
1. Staff Rebate given 500 (Nil)* to non-employees in few cases 2. Surrender / partial 500 (Nil) withdrawal permitted during Lock-in period in few cases
500 (Nil)
Nil (Nil)
2 3 4 5 6
Service Tax Authorities Income Tax Authorities Any other Tax Authorities Enforcement Directorate / Adjudicating Authority / Tribunal or any Authority under FEMA Registrar of Companies / NCLT/CLB / Department of Corporate Affairs or any Authority under Companies Act, 1956 Penalty awarded by any Court / Tribunal for any matter including claim settlement but excluding compensation Securities and Exchange Board of India # Competition Commission of India
Nil (Nil) Nil (Nil) Nil (Nil) Nil (Nil) Nil (Nil)
Nil (Nil)
Nil (Nil)
Nil (Nil)
Nil (Nil)
8 9
Nil (Nil) Nil (Nil) Labour Department (Central / State)
Nil (Nil) Nil (Nil) Nil (44)
Nil (Nil) Nil (Nil) Nil (44)
Nil (Nil) Nil (Nil) Nil (Nil)
10 Any other Central / State / Local Government / Statutory Authority * Amounts in brackets represent previous year figures. # Post Listing
3. There are no assets required to be deposited by the Company under any local law or otherwise encumbered in or outside India except investments to be held under Section 7 of the Insurance Act, 1938 as discussed under Note 6. There are no assets subject to restructuring. 4. The commitments made and outstanding for investment is Rs.928,180 thousand (Previous Year Rs. Nil) (net of amount already paid). The commitments made and outstanding for fixed assets amount to Rs. 94,931 thousand (Previous Year Rs.76,391 thousand) (net of advances). 5. Value of unsettled contracts relating to investments as at 31st March 2011 for: (Rupees '000)
Particulars Linked Business 31 March 2011 Purchases where deliveries are pending Sales where receipts are due 4,733,138 4,424,206 31 March 2010 2,196,496 2,727,492 Non-linked Business 31 March 2011 Nil 495,360 31 March 2010 Nil
6. Investments as required to be maintained under Section 7 of the Insurance Act, 1938 are as follows: (Rupees '000) Particulars 8.32% Govt. of India Securities 2032* (Face Value Rs. 150,000) 31st March 2011 157,007 31st March 2010 157,141
* This investment is in the custody of Deutsche Bank India Branch in the Constituent Subsidiary General Ledger ('CSGL') account. The investments are performing investments. 7. Managerial remuneration* The details of the managerial remuneration included in employee remuneration and welfare benefits are as follows: (Rupees '000) Particulars 31st March 2011 34,354 5,257 31st March 2010 15,921 780
749,688
Salary Perquisites 50
The managerial remuneration is in accordance with the approval accorded by a resolution of the Board of Directors and IRDA as required under Section 34A of the Insurance Act, 1938. Expenses towards gratuity, leave encashment and Long Term Incentive Plan for Mr.V.Philip are determined actuarially on an overall Company basis annually and accordingly have not been considered in above information. Leave encashment and Long Term Incentive Plan for Mr. Kamesh Goyal settled during the year have been included above. As per approval of the terms of appointment of Mr. Kamesh Goyal by IRDA, with effect from 1st January 2010, the proportionate amount of remuneration calculated at Rs.15,000 thousand per annum has been debited to the Revenue Account and the excess over such amount is debited to the Shareholders' (Profit and Loss) Account. * Mr. Kamesh Goyal (till 31st January 2011) and Mr. V. Philip (w.e.f. 1st February 2011)
Linked business has been reserved using the unit price of the respective unit funds plus a non unit reserve to allow for the cost of insurance and any expenses and commissions in excess of future charges. Mortality assumptions are based on the published IALM (1994-1996) Ultimate Mortality Table with adjustment to reflect expected experience and with an allowance for adverse deviation. Assumptions for morbidity and for the incidence of accidental death are based on terms available from reinsurers and the standard morbidity rate table CIBT 93 (Critical Illness Base Table for year 93). The reserve is sufficient to allow for any adverse lapse experience. Further it has been ensured that for each policy the reserve is sufficient to pay the minimum guaranteed surrender value. Commission has been allowed for at the Company's table rates with an allowance for service tax. Maintenance expenses have been allowed for in accordance with pricing assumptions, which has been dully validated by the actual experience of the company during the last one year. An additional reserve has been included to allow for the possible adverse deviations in experience in excess of offsetting adjustments in bonus rates and to allow for the contingency of closure to new business as is required by guidance notes(GN1) issued by the Institute of Actuaries of India. The reserve for the Group Term Business has been calculated having regard to the unearned gross premium and expenses already incurred. The group non-linked non-par savings business has been valued having regard to the accrued account value of the members of the group schemes. Provision has been made for the possible revival of the lapsed policies, which have lapsed before the valuation date, having regard to the experience of the Company. As per IRDA circular No: 041/IRDA/ACTL/MAR-2006 dated 29th March 2006, a reserve for lapsed unit linked policies not likely to be revived is held as a separate item under the head Funds for Future Appropriations. The provision has been made for the incurred but not reported death claims (IBNR) based on the Company's past experience of delay in reporting the event of deaths. Where minimum surrender value is guaranteed, the minimum reserve under those policies has been set as the guaranteed surrender value. In all other cases the minimum reserve has been set to zero. The Appointed Actuary is satisfied that the nature and extent of reinsurance arrangements require no additional reserve to be set aside. All reserves have been calculated using gross exposure and gross office premiums.
8. Actuarial Valuation Liabilities for life insurance policies are determined by the Appointed Actuary in accordance with the IRDA regulations and relevant guidance notes issued by the Institute of Actuaries of India. Non-linked business is reserved using a prospective gross premium method of valuation. The non-linked business is predominantly participating and the reserves are established having regard to the assumptions as to future experience, including the interest rate that will be earned on premiums not yet received, together with associated bonus rates. Regular premium participating business has been reserved using an interest rate of 7.20% per annum, which is same as that used for the previous year's valuation. Single premium participating business has been reserved using an interest rate of 6.25% per annum, which is same as used in valuation as at 31st March 2010. The discount rate is determined after having regard to the yield likely to be obtained on relevant matching assets. Assumptions as to the future bonus rates are set to be consistent with the interest rate assumptions. Provision has been made for a bonus distribution in respect of business in force at the valuation date on a basis considered appropriate by the appointed actuary having taken into account the reasonable expectations of policyholders. The non-linked non-par business written under Invest Plus and Invest Plus Premier has been reserved using an interest rate of 7.80% and the Guaranteed Investment Return (GIR) consistent with the interest rate assumption.
51
9. Claims (a) Claims settled, undisputed and remaining unpaid for a period of more than six months at year-end amount to Rs. 47,297 Thousand (Previous Year: Rs 729 Thousand). (b) Disclosure of unclaimed amounts of Policyholders as required vide Circular No. IRDA/ F & I / CIR / CMP / 174 / 11 / 2010 dated November 4, 2010 is as follows: (Rupees '000) Particulars Claims settled but not Sum due to the insured / Cheques issued but not paid to the policyholders on encashed by the policyholders/ insured maturity or otherwise policyholder/ insured* due to any reasons except under litigation from the insured / policyholder 552,735 18,735 16,934 284 52 Nil Nil Nil 588,740 35,496 18,709 7,405 22,622 Nil Nil Nil Nil 84,232 23,523 60,433 50,744 63,294 12,618 17,627 25,668 29,828 283,735 Total
0 - 30 Days 01 - 06 Months 07 - 12 Months 13 - 18 Months 19 - 24 Months 25 - 30 Months 31 - 36 Months Beyond 36 Months TOTAL AMOUNT
611,754 97,877 75,083 86,200 12,670 17,627 25,668 29,828 956,707
* represents cheques, exceeding 6 months, issued to policyholders.
10. Allocation of expenses Operating expenses relating to insurance business are allocated to specific business segments as under: (a) Expenses, which are directly identifiable, are allocated on an actual basis. (b) Other operating expenses, which are not directly identifiable are apportioned based on a combination of: New Business Regular Premium; New Business Single Premium; and Renewal Premium
12. Accounting Standard AS15 (Revised) Employee Benefits i. Defined Contribution Plans The Company has recognized following amounts in the Revenue Account for the year (Rs.'000) Sr. Particulars No. 1. Contribution to Employees Provident Fund 2. Contribution to Superannuation Fund 3. Contribution to Labour Welfare Fund, EDLI 4. Contribution to ESIC 31 March 2011 182,397 3,392 2,124 19,632 31 March 2010 165,305 2,350 4,647 11,857
11. Expenses attributable to shareholders are charged to the Shareholders' Account.
52
ii. Defined Benefit Plans as per Actuarial Valuation on March 31, 2011 a) Reconciliation of opening and closing balances of the present value of the Defined Benefit Obligation (DBO): (Rs.'000) Particulars Gratuity Present value of Defined Benefit Obligation at the beginning of the year Interest cost Current service cost Actuarial Losses / ( Gains) Past Service Cost Benefits paid Present value of Defined Benefit Obligation at the close of the year 31 March 2011 31 March 2010 118,532 108,877
d) Total expenses recognized in the Revenue Account: (Rs.'000) Particulars - Gratuity 31 March 2011 Current Service Cost 46,739 Interest Cost 12,311 Expected return on (6,938) Plan Assets Actuarial Losses / ( Gains) 40,833 Past service costs 16 Effect of curtailment / Nil settlement Adjustments for earlier years Nil Recognized in the 92,961 Revenue Account 31 March 2010 58,127 11,211 (5,258) (27,425) Nil Nil Nil 36,655
12,311 46,739 42,023 16 (44,972) 174,649
11,211 58,127 (24,967) Nil (34,716) 118,532
The above have been included under the line item Employees' remuneration, welfare benefits and other manpower costs in Schedule 3.
b) A reconciliation of the opening and closing balances of the fair value of plan assets: (Rs.'000) Particulars - Gratuity Fair value of Plan Assets at the beginning of the year Add :Expected return on Plan Assets Add / (Less) : Actuarial Gains / (Losses) Add : Contributions Less: Benefits Paid Fair value of Plan Assets at the close of the year Actual Return on Plan Assets 31 March 2011 83,449 31 March 2010 54,421
e) Major categories of plan assets as a percentage of total plan assets: (Rs.'000) Particulars - Gratuity Insurer Managed Funds (100%) 31 March 2011 181,843 31 March 2010 83,449
6,938 1,190 135,238 (44,972) 181,843 8,128
5,258 2,458 f) Actuarial Assumptions: 56,028 (34,716) 83,449 7,716 Particulars - Gratuity Discount Rate Expected rate of return on Plan Assets Salary Escalation rate Management Staff 31 March 2011 8.00% 7.50% 6% 31 March 2010 7.85% 7.50% 6%
c) Net (Assets) / Liabilities recognized in the Balance Sheet as at March 31, 2011: (Rs.'000) Particulars - Gratuity Present value of Defined Benefit obligation Less: Fair value of Plan Assets Present value of unfunded obligation Net Liability / ( Asset) recognized in the Balance sheet 31 March 2011 174,649 (181,843) Nil (7,194) 31 March 2010 118,532 (83,449) Nil 35,083 g) Future salary increases considered in actuarial valuation take into account inflation, seniority, promotion and other relevant factors, such as supply and demand in the employment market. h) Expected rate of return on plan assets is on the basis of average long term rate of return expected on investments of the fund during the estimated term of obligation.
53
13. Percentage of business sector-wise

Particulars
Particulars Previous Year Profit/(Loss) after tax (Rs.'000) Basic earnings before extraordinary items [A] (Rs.'000) Basic earnings after extraordinary items [B] (Rs. '000) Weighted average no. of equity shares (par value of Rs 10 each) [C] Basic earnings per equity share [A/C] (Rs) Basic earnings per equity share excluding extraordinary items [B/C] (Rs) (Rs.'000)
31 March 2011 10,570,390 10,570,390 10,570,390 150,709,000
31 March 2010 5,422,868 5,422,868 5,422,868 150,709,000
Current Year
Number of Percentage Number of Percentage Policies of policies Policies of policies Rural Urban 330,962 1,211,043 21.46% 78.54% 683,450 1,546,039 30.66% 69.34%
Current Year
Previous Year
Number of Number of Number of Number of Lives Insured Policies Lives Insured Policies
70.14 70.14
35.98 35.98
Social
755,909
4,408,502
14. Percentage of risk retained and risk reinsured
Particulars
Current Year Sum at risk Percentage 92.71% 7.29%
Previous Year Sum at risk 2,379,058,826 173,285,421 Percentage 93.21% 6.79%
As there were no dilutive equity shares issued, or potential equity shares, no reconciliation between the denominator used for computation of basic and diluted earnings per share is necessary.
Risk retained Risk reinsured
2,950,631,347 231,938,294
19. Operating lease commitments The Company has entered into agreements in the nature of Lease / Leave and License Agreements with different lessors / licensors for the purpose of establishment of office premises. These are generally in the nature of operating leases / leave and licenses and disclosure required as per Accounting Standard 19 with regard to the above is as under: (Rupees '000) Particulars Not later than one year Later than one year but not later than five years Later than five years 31 March 2011 344,844 526,101 74,505 31 March 2010 396,484 303,365 8,008
15. The shareholders of the Company, in their Extra Ordinary General Meeting held on 6th May 2011 have authorized the Board of Directors of the Company to decide on the transfer of amounts from the Shareholders' Account to the Policyholders' Account to make good the deficit, if any, in the Policyholders' Funds in respect of any financial year, which shall be subject to the approval of the shareholders of the Company at the ensuing Annual General Meeting of the respective years. 16. Reinsurance is in place on lives where cover is in excess of the Company's retention limit and this has been reflected in the Accounts. 17. As per Accounting Standard 18 prescribed in the Companies Act 1956 and Rules thereunder, disclosures of transactions with the related parties have been set out in a separate statement annexed to this schedule as Appendix I. The related parties, in respect of which the disclosures have been made, have been identified on the basis of information available with the Company and taken on record by the Board of Directors. 18. In accordance with Accounting Standard (AS 20) on Earnings Per Share (EPS), the following table reconciles the numerator and denominator used to calculate basic / diluted earnings per share.
i) There are no transactions in the nature of sub leases. ii) Payments recognized in the Revenue account for the year ended 31st March 2011, are Rs. 478,059 thousand (Previous Year Rs. 494,629 thousand). iii) The period of agreement is generally for three years and renewable thereafter at the option of the lessee.
54
20. Previous year figures have been regrouped where possible and wherever necessary to make them comparable with those of the current year. Summary of amounts of the previous year which have been regrouped is as follows: (Rupees '000) Particulars Reported reported in Previous in current year year 1,761,303 1,725,733 Difference From Schedule No. To Schedule No. Reasons Amount
Premium and other Deposit
(35,570) 13(Premium and Other deposits)
13 (Unclaimed AmountPolicyholders)
Reclassification of Unclaimed policyholders amount from Premium and other deposit Reclassification of Unclaimed policyholders amount from Sundry creditors Reclassification of Unclaimed policyholders amount from Claims Outstanding Reclassification of Unclaimed policyholders amount from Premium and other deposit Reclassification of Unclaimed policyholders amount from Sundry creditors Reclassification of Unclaimed policyholders amount from Claims Outstanding
(35,570)
Sundry Creditors
4,115,177
3,451,467
(663,710) 13(Sundry Creditors)
13 (Unclaimed AmountPolicyholders) 13 (Unclaimed AmountPolicyholders)
(663,710)
Claims Outstanding
607,466
533,843
(73,623) 13 (Claims Outstanding)
(73,623)
Unclaimed AmountPolicyholders
772903
772,903 13 13 (Premium (Unclaimed and Other deposits) AmountPolicyholders)
35,570
13 (Sundry Creditors)
663,710
13 (Claims Outstanding)
73,623
772,903 These re-groupings do not affect previously reported Surplus as per Revenue Account and Loss as per Profit and Loss Account.
772,903
55
21 : Segment Reporting
Particulars Current Year Total Participating Policyholders' Individual Individual Assuarance Pension 37,544 21,546,414 1,150,293 147,078 22,395,698 437,321 33,404 463,956 -
Credit/(Debit) Fair Value Change Account Policy Liabilities Provision for linked liabilities Funds for Future Appropriations Reserve for Lapsed unit linked policies unlikely to be revived Loans Investments Assets Held to Cover Linked Liabilities Fixed Assets # Cash and bank balances Advances & Other Assets Outstanding Premium Due from Other Entities carrying on Insurance business Income accrued on investments Unsettled Investment contract receivable Other Assets Current Liabilities Agents Balance Balance due to other Insurance Companies Sundry Creditors Claims Outstanding Premium received in advance Premium & Other Deposits Unclaimed Amount-Policyholders Temporary overdraft as per books of accounts Provisions
37,544 38,446,675 328,841,705 1,183,697 1,745,324 147,078 64,458,059 328,841,705 1,653,709 4,385,098
1,084,390 22,069 1,569,322 495,360 661,316
891,111 6,395 474,554 -
4,720 8,131 -
3,414,331 65,731 3,282,332 509,388 174,249 1,097,160 956,707 1,017 1,068,189
1,093,701 6,247 40,148 76,550 5,703 50,226 -
701 176 93 237 11 1,343 -
Policy Liabilities and Funds for Future Appropriations are covered by Investments and Interest accrued on Investments. # Fixed assets are not identifiable to any particular business segment. Depreciation has been allocated based on the assumption that the use of assets is proportional to the basis referred to in Note 10(b) of Schedule 16.
56
(Rupees '000) Non - Participating Policyholders' Individual Individual Group Health Annuity Assurance 163,927 163,427 312,114 307,254 7,581,846 7,689,335 Unit Linked Policyholders' Individual Individual Group Assuarance Pension 5,526,929 300,477,096 1,745,324 7,087,339 300,477,096 270,886 19,490,662 264,331 19,490,662 16,664 8,873,947 18,491 8,873,947 Shareholders' Unallocated
Individual Assuarance 2,590,574 2,547,408 -
23,520,820 -
1,653,709 4,385,098
176,565 602 40,731 -
11,992 8,173 942 -
5,515 -
2 195 197,348 -
6,704 171,329 -
7,765 -
622 -
662,385 495,360 -
661,316
608,025 2,714 18,560 37,889 1,689 -
25,727 (6,575) 642 100 (46) -
358 31,465 (1,495) -
107,739 4,005 17,495 68 -
1,414,922 36,298 344,208 141,505 538,789 -
92,256 160 1,444 78,304 -
70,902 1,275 27,030 4,094 -
21,431 3,222,889 1,097,160 283,735 1,017 1,068,189
57
21 : Segment Reporting
Particulars Previous Year Total Participating Policyholders' Individual Individual Assuarance Pension 28,433 15,240,119 994,530 130,275 16,305,353 376,166 29,134 406,605 -
Credit/(Debit) Fair Value Change Account Policy Liabilities Provision for linked liabilities Funds for Future Appropriations Reserve for Lapsed unit linked policies unlikely to be revived Loans Investments Assets Held to Cover Linked Liabilities Fixed Assets # Cash and bank balances Advances & Other Assets Outstanding Premium Due from Other Entities carrying on Insurance business Income accrued on investments Unsettled Investment contract receivable Other Assets Current Liabilities Agents Balance Balance due to other Insurance Companies Sundry Creditors Claims Outstanding Premium received in advance Premium & Other Deposits Unclaimed Amount-Policyholders Temporary overdraft as per books of accounts Provisions
28,433 30,293,404 284,146,154 1,023,664 2,850,905 130,275 50,076,157 284,146,154 1,794,035 2,186,908
427,502 26,700 1,366,121 749,688 541,619
383,977 15,323 427,234 -
4,486 6,637 -
3,641,903 82,867 3,451,467 533,843 171,638 1,725,733 772,903 138,357 660,226
228,139 4,843 22,578 56,353 394 -
363 250 4,592 -
# Fixed assets are not identifiable to any particular business segment. Depreciation has been allocated based on the assumption that the use of assets is proportional to the basis referred to in Note 10(b) of Schedule 16.
58
(Rupees '000) Non - Participating Policyholders' Individual Individual Group Health Annuity Assurance 160,464 254,354 183,950 184,115 4,171,640 4,428,070 Unit Linked Policyholders' Individual Individual Group Assuarance Pension 8,670,678 264,008,765 2,850,905 11,522,213 264,008,765 448,819 15,011,081 453,016 15,011,081 11,016 5,126,308 32,281 5,126,308 Shareholders' Unallocated
Individual Assuarance 1,030,552 1,036,320 -
15,453,830 -
1,794,035 2,186,908
20,629 779 18,393 -
18,410 3,901 7,457 -
2,558 -
6,150 127,719 -
547 290,582 -
35,955 -
1,870 -
447,716 -
749,688 541,619
214,854 2,824 3,182 29,505 29 -
19,676 6,704 43,423 -
123 887 100 -
140,939 16,338 20,700 -
2,903,294 33,334 307,905 171,215 -
123,637 111 71,265 -
10,878 -
18,463 3,424,820 1,725,733 772,903 138,357 660,226
59
22 : Summary of Financial Statements

(Amount in Rs. '000) Sr. Particulars Policyholders' Account 1 Gross premium income 2 Net premium income # 3 Income from investments (Net) @ 4 Other Income 5 Total income 6 Commissions (Net) 7 Brokerage 8 Operating Expenses related to insurance business 9 Provisions for tax 10 Total Expenses 11 Payment to policy holders* 12 Increase in actuarial liability** 13 Surplus/ Deficit from operations Shareholders Account 14 Total income under Shareholders Account ## 15 Profit/ (loss) before tax 16 Provisions for tax 17 Profit/ (loss) after tax 18 Profit/ loss carried to Balance Sheet 19 Miscellaneous (A) Policyholders account: Total funds (including unit linked funds) Total investments (including unit linked investments) Yield on investments (%) (excluding unit linked investments) (B) Shareholders account: Total funds (net of debit balance in Profit & Loss A/C) Total investments Yield on investments (%) 20 Yield on total investments (excluding unit linked investments) 21 Paid up equity capital 22 Net worth 23 Total Assets (net of debit balance in Profit & Loss A/C) 24 Earning per share (Rs.) 25 Book value per share (Rs.) # @ * ** ## 22,494,057 23,520,820 8.27% 8.27% 1,507,090 22,494,057 11,923,662 15,453,830 8.43% 8.37% 1,507,090 11,923,662 6,500,794 7,695,214 9.26% 9.08% 1,507,090 6,500,794 7,207,708 11,458,855 8.66% 8.72% 1,507,090 7,207,708 4,245,236 6,536,500 7.36% 7.24% 1,503,680 4,245,236 64,871,722 (4.77) 28.23 2,955,263 2,780,868 5.80% 8.40% 1,502,338 2,955,263 33,386,758 (6.56) 19.67 370,254,945 318,342,558 163,681,474 124,180,044 369,778,944 318,768,481 163,870,146 124,228,665 8.28% 8.35% 8.99% 8.77% 60,626,486 60,919,159 7.17% 30,431,495 30,459,323 9.80% 1,823,827 10,816,647 246,257 10,570,390 10,387,412 1,084,376 5,569,943 147,075 5,422,868 (182,978) 906,749 (706,727) 85 (706,812) (5,605,846) 795,036 (2,138,825) 80 (2,138,905) (4,899,034) 277,123 (717,006) 27 (717,033) (2,760,129) 106,879 (985,406) 36 (985,442) (2,043,096) 2010-11 2009-10 2008-09 2007-08 97,253,110 97,120,392 7,001,918 3,069,470 14,968,622 20,043,360 93,313 35,105,295 8,516,733 61,589,436 1,980,316 2006-07 53,452,422 53,359,827 3,096,821 1,024,594 57,481,242 9,466,813 10,730,189 73,054 20,270,056 6,987,347 28,845,060 1,378,779 2005-06 31,335,778 31,282,213 312,417 1,375,771 32,970,401 3,418,670 4,868,110 41,020 8,327,800 6,536,048 17,488,362 618,191
96,099,487 114,197,137 106,245,213 95,751,789 113,913,657 106,010,710 39,123,659 403,589 6,164,741 16,065,847 1,923,860 24,154,448 49,866,241 8,409,526 99,302,163 (31,148,700) 976,028 9,625,696 17,716,252 653,127 27,995,075 26,312,344 4,096,076 1,770,168 10,515,493 18,757,915 157,738 29,431,146 7,565,608 38,480,462 1,154,962
135,279,037 214,191,848
76,632,178 107,191,780
52,848,822 155,788,353
392,749,002 330,266,220 170,182,268 131,387,754 70.14 149.25 35.98 79.12 (4.69) 43.13 (14.22) 47.83
Net of reinsurance Net of losses Inclusive of interim bonuses, if any Includes fund reserve since 2003-04 Excludes amount transferred from the Policyholders' Account (Technical Account)
60
23 : Ratios: (Expressed in number of times)

2010-11 1 New business premium income growth (segment-wise) (New business premium for current year divided by new business premium for previous year) Participating Non Participating Unil Linked Net retention ratio (Net premium divided by gross premium) Ratio of expenses of management (**) (Expenses of management including commission divided by the total gross direct premium with Single Premium) Ratio of expenses of management (**) (Expenses of management including commission expenses divided by the total gross direct premium without Single Premium) Commission ratio (Gross Commission paid to Gross premium) Ratio of policy holders liabilities to shareholders funds Growth rate of share holders funds Ratio of surplus to policy holders liability (*) Change in net worth Profit after tax/ Total income (Total Real Estate + Loans) / Cash & invested assets Total investments / (Capital + Surplus) Total affiliated investments/ (Capital + Surplus) Surplus including Contribution from Shareholders' account Excluding Service tax borne by Unit linked policy holders' 2009-10
2 3
4.40 1.44 0.54 0.996 0.22
1.35 2.98 0.89 0.998 0.21
0.25
0.23
5 6 7 8 9 10 11 12 13 * **
0.06 16.46 1.89 0.02 1.89 5.79 0.003 17.48 0.00
0.08 26.70 1.83 0.01 1.83 5.00 0.003 28.03 0.00
24. The Revenue Account and Balance Sheet for unit linked business has been annexed to this schedule as Appendix II. Disclosure for ULIP Business as per Unit Linked Disclosure Norms issued vide Circular No. 054/IRDA/F & A/FEB-07 dated February 20, 2007, has been annexed to this schedule as Appendix III. 25. Disclosures for Controlled Fund as required vide Circular No. IRDA/F&I/CIR/F&A/045/03/2010 dated March 17, 2010, has been annexed to this schedule as Appendix IV. For Dalal & Shah Chartered Accountants Firm Registration No. 102021W Anish Amin Partner Member Ship No 40451 For B S R & Co. Chartered Accountants Firm Registration No. 101248W Juzer Miyajiwala Partner Member Ship No 47483 For Bajaj Allianz Life Insurance Company Limited
Rahul Bajaj Chairman Sanjiv Bajaj Director S. H. Khan Director V Philip Managing Director and Chief Executive Officer
Heinz Dollberg Director Kamesh Goyal Alternate Director Suraj Mehta Director Rajesh Viswanathan Chief Financial Officer
Sameer Bakshi Company Secretary and Head- Legal & Compliance Place : Pune Date : 6th May 2011 Place : Pune Date : 6th May 2011
61
Schedules forming part of financial statements for the year ended 31st March 2011
Related Party Disclosures

Appendix I Refer Schedule 16 Note 17
Sr. No. Related Party Relationship Current Year Total value Nature of Transaction of Transactions during the year Payment / (receipts) Holding Company Group Company 11,250 Paid towards the Revenue expenditure - Paid towards the Capital expenditure (1,521) 811 98,585 (1,209,800) 16 Insurance premium received Insurance claims paid Investments Purchased Investments Sold Paid towards the Revenue expenditure Balance Outstanding as at 31st March 2011 Receivable/ (Payable) (1,270) Previous Year Amount Nature of Transaction Balance Outstanding as at 31st March 2010 Receivable/ (Payable) (6,532) -
(Amount in Rs.'000)
1 Bajaj Finserv Ltd.
4,212 Paid towards the Revenue expenditure 5,297 Paid towards the Capital expenditure (630) 682 Insurance premium received Insurance claims paid Investments Purchased Investments Sold Paid towards the Revenue expenditure
2 Bajaj Auto Ltd.
3 Bajaj Holding and Group Investment Ltd. Company 4 Bajaj Finance Ltd. Group (Earlier Known as Company Bajaj Auto Finance Ltd.)
(106,070) Investments Sold (328,296) Insurance premium received 24,123 Insurance claims paid 190,413 Paid towards the Revenue expenditure 150,000 Investments Purchased 6,667 Advance paid towards Revenue Expenditure 6,966 Paid Towards Insurance Commision (19,241) Insurance Premium Received 51,967 Insurance Premium payment (98,674) Reimbursement received of Revenue and Capital expenditure 51,036 Paid towards the Revenue and Capital expenditure (72,787) Insurance Claim Received 4,268 Insurance Claims Paid - Reimbursement received of Revenue Expenditure (2,692) Rental Income (1,272) Insurance premium received 416,014 Revenue expenditure for Outsource personnel cost 1,050 Insurance claims paid 14,164 Revenue expenditure for OPUS - Reimbursement made of Revenue Expenditure (175) Reimbursement received Of Revenue Expenditure (1,694) Reimbursement received of Revenue Expenditure 176 Paid towards the Revenue expenditure 167,404 26,144 (4,882) 52,878 Reinsurance Premium Reinsurance Commission Reinsurance profit Commission Reinsurance Claims
- Investments Sold
- (210,805) Insurance premium received 8,600 Insurance claims paid 105,951 Paid towards the Revenue 35,380 expenditure - Investments Purchased (6,667) 4,205 7,710 79,515 8,181 (12,881) 1,604 (51,867) 7,544 16,823 (1,962) (499) (8,550) - Paid Towards Insurance Commision (48,786) Insurance Premium Received 5,752 Insurance Premium payment (51,447) Reimbursement received of Revenue and Capital expenditure 71,750 Paid towards the Revenue and Capital expenditure (3,452) Insurance Claim Received 1,596 Insurance Claims Paid (653) Reimbursement received of Revenue Expenditure (2,692) Rental Income (895) Insurance premium received 392,445 Revenue expenditure for Outsourced Employees cost. - Insurance claims paid 10,765 Revenue expenditure for OPUS 654 Reimbursement made of Revenue Expenditure - Reimbursement received Of Revenue Expenditure (314) Reimbursement received of Revenue Expenditure - Paid towards the Revenue expenditure 118,081 22,471 42,282 Reinsurance Premium Reinsurance Commission Reinsurance profit Commission Reinsurance Claims
5 Bajaj Allianz Group General Insurance Company Co. Ltd.
(20,303) -
6 Bajaj Allianz Financial Distributors Ltd.
Group Company
12,274 -
(9,714) 1,452 (62,970) 11,757 17,679 (810) (8,749)
7 Allianz SE
Shareholder
8 Allianz Insurance Group Management Asia Company Pacific Pte. Ltd. 9 Allianz SE Reinsurance Branch Asia Pacific. 10 Hind Musafir Agency Ltd. 11 IDS GmbH 12 Allianz MENA Holding Co.SPC Group Company
Group Company Group Company Group Company
(698) Commission on Travel Expenses 743 Charges for Domestic Services 2,913 Remuneration for IDS services - Reimbursement received of Revenue Expenditure 38,000 Data Provision Charges
(542) Commission on Travel Expenses 579 Charges for Domestic Services 2,514 Remuneration for IDS services (2,100) Reimbursement received of Revenue Expenditure 38,886 Data Provision Charges
13 Allianz Investment Group Management Company Singapore Pte.Ltd.
62
Sr. No.
Related Party
Relationship
Current Year Total value Nature of Transaction of Transactions during the year Payment / (receipts) Balance Outstanding as at 31st March 2011 Receivable/ (Payable) -
Previous Year Amount Nature of Transaction Balance Outstanding as at 31st March 2010 Receivable/ (Payable) -
14 Kamesh Goyal
Key Management Personnel Key Management Personnel Group Company Director Director Director Director
37,726 Remuneration
16,701 Remuneration
15 V.Philip
1,885 Remuneration
- Remuneration
16 Bajaj Electricals Ltd. 17 Sanjay Asher 18 Manu Tandon 19 Suraj Mehta 20 S. H. Khan
975 Paid towards the Revenue and Capital expenditure 120 Director Sitting Fees 80 Director Sitting Fees 60 Director Sitting Fees 160 Director Sitting Fees
2,230 Paid towards the Revenue and Capital expenditure - Director Sitting Fees - Director Sitting Fees - Director Sitting Fees - Director Sitting Fees
387 -
63
Appendix II Refer Schedule 16 Note 24

st
Form A-RA (UL)

Acc Mid Cap Pension Fund Accelerated Fund Asset Allocation Fund 1,410,322 170,166 506,726 1,671,720 287,089 (606,463) 3,439,560 106,122 9,626 35,666 90,244 6,154 (46,515) 201,297 440 12 (8) 140 584 Asset Allocation Pension Fund Assured Return Fund Balanced Fund Schedule Acc Mid Cap Fund Acc Mid Cap Fund II
64
5,033 147,654 95,220 952,344 1,376,776 (1,766,875) 810,152 704 8,786 11,448 12,895 13,876 (23,721) 23,988 599 13,348 12,188 59,093 92,644 (127,709) 50,163 1,014 119 198 630 2,416 (511) 3,866 F -5 172,918 293,660 (61,697) 404,881 405,271 2,802,961 3,208,232 11,024 75,151 (4,729) 81,446 (57,458) (2,787) (60,245) 31,473 42,362 (3,193) 70,642 130,655 208,425 339,080 13,800 11,988 5,820 31,608 18,555 190,436 208,991 300 34 (4) 330 3,536 23,485 27,021 468,051 2,635,746 (26,343) 3,077,454 362,106 944,790 1,306,896 71 881 (7) 945 (361) (361) -
Fund Revenue Account for the year ended 31 March 2011
Particulars
INCOME FROM INVESTMENTS Interest Income Dividend Income Miscellaneous Income Profit/(Loss) excluding inter scheme Profit/(Loss) on inter fund transfer/sale of investment Unrealised Gain/(Loss) Total Income (A) EXPENSES Fund Administration Expenses Fund Management Expenses Other charges Expropriation/Apropriation Charges Total Expenses (B) Net Income/(Loss) for the Year (A-B) Add: Revenue Account at the beginning of the year Fund Revenue Account at the end of the year
Form A-BS (UL)

Acc Mid Cap Fund Acc Mid Cap Fund II Acc Mid Cap Pension Fund Accelerated Fund Asset Allocation Fund Asset Allocation Pension Fund Assured Return Fund Balanced Fund Schedule
Fund Balance Sheet as at 31 March 2011
st
Particulars
F -1 6,507,536 3,208,232 9,715,768 9,922,246 245,134 451,612 (206,478) 9,715,768 9,715,768 458,231 21.2028 1,579,134 91,172 2,156 89,016 1,668,150 1,668,150 142,569 11.7007
1,728,395 (60,245) 1,668,150
958,761 208,991 1,167,752 1,166,236 8,762 7,246 1,516 1,167,752 1,167,752 53,129 21.9797
(1,799) 27,021 25,222 24,476 747 1 746 25,222 25,222 1,009 25.0091
39,880,094 1,306,896 41,186,990 40,020,890 3,753,698 2,587,598 1,166,100 41,186,990 41,186,990 3,075,078 13.3938
2,641,760 339,080 2,980,840 2,738,615 275,021 32,796 242,225 2,980,840 2,980,840 237,637 12.5437
79,858 (361) 79,497 68,115 11,384 2 11,382 79,497 79,497 7,806 10.1836
1,105,978 1,105,978 1,105,907 71 71 1,105,978 1,105,978 57,046 19.3874
SOURCES OF FUNDS Policy Holder's Funds: Policy Holders Contribution Revenue Account Total APPLICATION OF FUNDS Investments Current Assets Less : Current Liabilities and Provisions Net Current Assets Total (a) Net Asset as per Balance Sheet (Rs. In thousands) (b) Number of Units Outstanding (in thousands) Net Asset Value per unit (a)/(b) (Rs.) F -2 F -3 F -4
Form A-RA (UL)

Blue Chip Equity Fund Bond Fund Bond Pension Fund 79,683 26,308 1,641 36 (8,426) 99,242 5,224 401 2 (183) 1,919 (557) 6,806 385 25 33 (15) 285 (129) 584 Capital Guarantee Fund- 2012 Capital Guarantee Fund- 2014 Capital Guarantee Fund- 2017 1,541 285 259 108 2,985 (587) 4,591 Schedule Balanced Plus Fund Balanced Plus Pension Fund
Fund Revenue Account for the year ended 31st March 2011
Particulars
3 696 751 397 71 (3,358) (1,440)
428,312 94,247 40 6,407 (58,236) 470,770
INCOME FROM INVESTMENTS Interest Income Dividend Income Miscellaneous Income Profit/(Loss) excluding inter scheme Profit/(Loss) on inter fund transfer/sale of investment Unrealised Gain/(Loss) Total Income (A) EXPENSES Fund Administration Expenses Fund Management Expenses Other charges Expropriation/Apropriation Charges Total Expenses (B) Net Income/(Loss) for the Year (A-B) Add: Revenue Account at the beginning of the year Fund Revenue Account at the end of the year F -5 2,566 7,146 (2,115) 7,597 (9,037) (9,037) 12,302 8,995 257 21,554 77,688 69,553 147,241 59,944 299,564 (239) 359,269 111,501 1,255 112,756 1,234 3,138 (38) 4,334 2,472 17,242 19,714 89 222 (14) 297 287 1,122 1,409
537 1,272 (89) 1,720 2,871 8,906 11,777
Form A-BS (UL)

Balanced Plus Fund Balanced Plus Pension Fund Blue Chip Equity Fund Bond Fund Bond Pension Fund Capital Guarantee Fund- 2012 Capital Guarantee Fund- 2014 Capital Guarantee Fund- 2017 Schedule
Bajaj Allianz Life Insurance Company Ltd. I Appendix II Refer Schedule 16 Note 24 Form A-RA (UL)
Fund Balance Sheet as at 31st March 2011
Particulars
F -1
737,748 737,748 737,739 9 9 737,748 737,748 32,197 22.9136 82,147 2 2 82,149 82,149 3,758 21.8613
82,149 82,149
1,040,916 (9,037) 1,031,879 940,332 91,583 36 91,547 1,031,879 1,031,879 108,866 9.4784
7,359,619 112,756 7,472,375 7,244,916 228,309 850 227,459 7,472,375 7,472,375 497,306 15.0257
1,576,192 147,241 1,723,433 1,684,320 39,534 421 39,113 1,723,433 1,723,433 112,287 15.3485
61,583 19,714 81,297 81,284 668 655 13 81,297 81,297 5,983 13.5877
4,443 1,409 5,852 5,532 320 320 5,852 5,852 429 13.6313
25,231 11,777 37,008 36,535 474 1 473 37,008 37,008 2,580 14.3456
65
Form A-RA (UL)

Capital Shield-II Cash Fund Cash Plus Fund Cash Plus Pension Fund Debt Fund Debt Debt Plus Plus Pension Fund Fund 87,836 18,227 11,500 716 (16,636) 101,643 8,185 2,715 953 1,287 (1,956) 11,184 Schedule Capital Shield-I
66
76,187 2,553 2,454 9,047 42,497 (48,430) 84,308 15,767 336 (348) (59) 64,453 80,149 24,843 45,383 629 69 70,924 28,377 58,296 1,399 97 88,169 3,449 2,094 (2) 5,541 68,464 13,140 10,570 11,527 (24,046) 79,655 F -5 27,107 2,792 5 29,904 54,404 155,520 209,924 22,514 2,319 (5) 24,828 55,321 164,707 220,028 11,447 9,157 16,740 996 38,340 32,584 221,710 254,294 7,962 11,291 1,103 20,356 67,813 526,517 594,330 470 516 73 1,059 4,482 37,736 42,218 12,482 9,986 15,911 25 38,404 41,251 291,424 332,675 8,918 19,976 4 28,898 72,745 428,446 501,191 940 1,289 31 2,260 8,924 46,347 55,271
Particulars
Form A-BS (UL)

Capital Shield-I Capital Shield-II Cash Fund Cash Plus Fund Cash Plus Pension Fund Debt Fund Debt Debt Plus Plus Pension Fund Fund Schedule
st
Particulars
F -1
797,651 209,924 1,007,575 933,730 74,114 269 73,845 1,007,575 1,007,575 78,006 12.9166 676,060 26,009 68 25,941 702,001 702,001 47,592 14.7503 811,114 10,025 55 9,970 821,084 821,084 54,845 14.9710
481,973 220,028 702,001
566,790 254,294 821,084
350,529 594,330 944,859 965,088 6,304 26,533 (20,229) 944,859 944,859 57,257 16.5021
8,979 42,218 51,197 49,756 2,110 669 1,441 51,197 51,197 3,085 16.5931
147,372 332,675 480,047 462,200 18,050 203 17,847 480,047 480,047 33,065 14.5179
421,079 501,191 922,270 881,164 41,417 311 41,106 922,270 922,270 57,193 16.1257
32,113 55,271 87,384 85,965 3,380 1,961 1,419 87,384 87,384 5,265 16.5966
Form A-RA (UL)

Equity Gain Fund 10,354 119,888 72,843 1,371,401 369,046 (718,729) 1,224,803 2,402 45,915 44,707 466,821 236,553 (111,392) 685,006 93,845 1,076,235 833,787 12,283,933 912,753 (3,370,700) 11,829,853 2,301 24,583 31,150 176,761 56,559 97,820 389,174 58 30,026 530 (15,505) 210,340 50,059 275,508 1,573 1,053,228 36,286 1,059,614 651,332 7,029,158 9,831,191 Equity Growth Fund Equity Growth Fund II Equity Growth Pension Fund Equity Index Fund Equity Equity Index Index Pension Fund - II Fund 5 2,150 13 (483) 23,239 (5,291) 19,633 Schedule Equity Fund
Particulars
99 55,755 947 (19,145) 496,601 (19,361) 514,896
INCOME FROM INVESTMENTS Interest Income Dividend Income Miscellaneous Income Profit/(Loss) excluding inter scheme Profit/(Loss) on inter fund transfer/sale of investment Unrealised Gain/(Loss) Total Income (A) EXPENSES Fund Administration Expenses Fund Management Expenses Other charges Expropriation/Apropriation Charges Total Expenses (B) Net Income/(Loss) for the Year (A-B) Add: Revenue Account at the beginning of the year Fund Revenue Account at the end of the year F -5 51,722 41,378 50,823 (1,757) 142,166 372,730 2,395,014 2,767,744 55,235 42,292 (1,881) 95,646 589,360 768,881 1,358,241 113,273 135,927 115,050 (6,956) 357,294 867,509 3,588,523 4,456,032 1,464,242 3,053,409 (11,219) 4,506,432 7,323,421 8,664,082 15,987,503 33,277 144,587 (7,092) 170,772 218,402 8,118 226,520 22,323 35,941 (897) 57,367 218,141 1,025,799 1,243,940 1,053,710 4,633,336 (45,764) 5,641,282 4,189,909 7,080,947 11,270,856
1,611 1,389 (715) 2,285 17,348 103,684 121,032
Form A-BS (UL)

Equity Fund Equity Gain Fund Equity Growth Fund Equity Growth Fund II Equity Growth Pension Fund Equity Index Fund Equity Equity Index Index Pension Fund - II Fund Schedule
Particulars
F -1 303,092 2,767,744 3,070,836 3,074,580 5,004 8,748 (3,744) 3,070,836 3,070,836 116,263 26.4128 8,029,092 171,357 234,812 (63,455) 7,965,637 7,965,637 221,027 36.0391
3,509,605 4,456,032 7,965,637
68,067,574 15,987,503 84,055,077 83,612,968 1,136,214 694,105 442,109 84,055,077 84,055,077 4,963,971 16.9330
3,213,663 226,520 3,440,183 3,346,507 93,813 137 93,676 3,440,183 3,440,183 278,505 12.3523
2,924,080 1,358,241 4,282,321 4,253,004 29,490 173 29,317 4,282,321 4,282,321 233,218 18.3619
373,388 1,243,940 1,617,328 1,617,413 4,579 4,664 (85) 1,617,328 1,617,328 46,382 34.8696
82,589,353 11,270,856 93,860,209 93,443,455 671,133 254,379 416,754 93,860,209 93,860,209 5,010,226 18.7337
(25,121) 121,032 95,911 94,780 1,136 5 1,131 95,911 95,911 3,107 30.8706
67

st
Form A-RA (UL)

Equity Midcap Fund 802 22,668 14,116 165,970 322,987 (424,870) 101,673 62 2,083 1,311 12,968 32,910 (36,310) 13,024 1,153 32,993 18,918 198,209 502,481 (547,889) 205,865 7,827 162,363 113,903 1,757,252 103,719 (677,565) 1,467,499 289 10,074 7,478 95,113 82,539 (55,322) 140,171 7,781 147 3,308 931 (18,747) 45,330 38,750 31,785 10,595 1,596 20,819 (9,153) 55,642 Equity Midcap Pension Fund Equity Midcap Plus Fund Equity Plus Fund Equity Plus Pension Fund Group Asset Allocation Fund Group Debt Fund Schedule Equity Index Pension Fund - II 151 86,259 2,454 14,335 147,287 580,497 830,983
68
F -5 86,693 91,190 (4,221) 173,662 657,321 811,109 1,468,430 18,207 21,848 17,866 (1,368) 56,553 45,120 889,292 934,412 1,990 814 (122) 2,682 10,342 132,060 142,402 31,480 20,167 (1,755) 49,892 155,973 1,916,231 2,072,204 185,657 155,670 (10,004) 331,323 1,136,176 6,040,238 7,176,414 12,200 5,558 (5,215) 12,543 127,628 578,958 706,586 3,331 15,825 (3,604) 15,552 23,198 (454) 22,744 5,272 670 (20) 5,922 49,720 192,909 242,629
Particulars
Form A-BS (UL)

Equity Index Pension Fund - II Equity Midcap Fund Equity Midcap Pension Fund Equity Midcap Plus Fund Equity Plus Fund Equity Plus Pension Fund Group Asset Allocation Fund Group Debt Fund Schedule
Particulars
F -1 6,279,520 1,468,430 7,747,950 278,490 934,412 1,212,902
(32,906) 142,402 109,496
(296,271) 2,072,204 1,775,933
3,877,133 7,176,414 11,053,547 10,641,352 741,907 329,712 412,195 11,053,547 289,703 38.1547 109,440 889 833 56 109,496 109,496 2,613 41.9058 1,767,037 17,179 8,283 8,896 1,775,933 1,775,933 47,276 37.5650
(4,811) 706,586 701,775 697,651 4,156 32 4,124 701,775 701,775 17,970 39.0536
1,390,254 22,744 1,412,998 1,099,854 313,186 42 313,144 1,412,998 1,412,998 114,570 12.3330
622,318 242,629 864,947 755,769 109,287 109 109,178 864,947 864,947 64,632 13.3827
SOURCES OF FUNDS Policy Holder's Funds: Policy Holders Contribution Revenue Account Total APPLICATION OF FUNDS Investments Current Assets Less : Current Liabilities and Provisions Net Current Assets Total (a) Net Asset as per Balance Sheet (Rs. In thousands) (b) Number of Units Outstanding (in thousands) Net Asset Value per unit (a)/(b) (Rs.) F -2 F -3 F -4 1,207,561 11,051 5,710 5,341 1,212,902 1,212,902 40,650 29.8374 7,679,705 68,537 292 68,245 7,747,950 7,747,950 422,195 18.3516
Form A-RA (UL)

Group Growth Fund - I 38,175 3,394 (8) (15,694) 10,149 36,016 6,062 6,881 204 2 13,149 52,769 9,512 (1,212) (2,393) 11,159 69,835 18,250 1,593 (497) (266) (2,622) 16,458 607 353 62 (178) (8,950) (8,106) 900 182 (129) (194) 2,907 3,666 Group Liquid Fund Group Short Term Debt Fund Growth Plus Fund I Growth Plus Fund II Growth Plus Fund III Life Long Gain Fund Schedule Group Equity Index Fund 5 2,862 151 329 (155) 33,561 36,753
Particulars
12,745 1,640 (1,276) 564 (2,050) 11,623
INCOME FROM INVESTMENTS Interest Income Dividend Income Miscellaneous Income Profit/(Loss) excluding inter scheme Profit/(Loss) on inter fund transfer/sale of investment Unrealised Gain/(Loss) Total Income (A) EXPENSES Fund Administration Expenses Fund Management Expenses Other charges Expropriation/Apropriation Charges Total Expenses (B) Net Income/(Loss) for the Year (A-B) Add: Revenue Account at the beginning of the year Fund Revenue Account at the end of the year F -5 5,930 24,724 (2,936) 27,718 9,035 (6,807) 2,228 53 53 35,963 18,172 54,135 1,153 204 11 1,368 11,781 26,445 38,226 6,585 936 (11) 7,510 62,325 28,394 90,719 3,261 5,958 (2) 9,217 7,241 (262) 6,979 665 1,428 (6) 2,087 (10,193) (10,193) 203 435 (6) 632 3,034 3,034
2,370 1,896 1,247 1 5,514 6,109 41,009 47,118
Form A-BS (UL)

Group Equity Index Fund Group Growth Fund - I Group Liquid Fund Group Short Term Debt Fund Growth Plus Fund I Growth Plus Fund II Growth Plus Fund III Life Long Gain Fund Schedule
Particulars
F -1 (54,081) 54,135 54 54 54 54 54 -
1,588,654 2,228 1,590,882 1,343,659 247,284 61 247,223 1,590,882 1,590,882 144,137 11.0373
179,639 38,226 217,865 198,322 19,548 5 19,543 217,865 217,865 17,347 12.5595
679,867 90,719 770,586 748,013 22,595 22 22,573 770,586 770,586 65,855 11.7012
221,343 6,979 228,322 221,048 7,283 9 7,274 228,322 228,322 21,453 10.6429
73,105 (10,193) 62,912 62,940 6 34 (28) 62,912 62,912 7,121 8.8351
47,527 3,034 50,561 50,334 229 2 227 50,561 50,561 4,705 10.7473
157,682 47,118 204,800 200,684 4,149 33 4,116 204,800 204,800 15,498 13.2145
69

st
Form A-RA (UL)

Liquid Pension Fund 6,498 8,250 82 9 14,839 586 19,208 116,786 8,967 5,129 288,473 439,149 381 12,479 462 44 13,366 23,197 8,256 2,818 (100) (5,925) 28,246 6,278 3,275 (172) 757 (1,712) 8,426 15 5,491 43 (3,176) 40,641 8,014 51,028 Max Gain Fund I Max Gain Fund II Premier Balanced Fund Premier Bond Fund Premier Debt Fund Premier Equity Fund Schedule Liquid Fund
70
41,427 93,221 1,519 163 136,330 F -5 16,633 162,538 112 179,283 (42,953) (124,190) (167,143) 1,745 1,280 14 3,039 11,800 9,138 20,938 9,471 47,355 395,436 (10,233) 442,029 (2,880) (132,042) (134,922) 458 2,290 14,000 (1,809) 14,939 (1,573) (1,573) 10,394 5,116 3 15,513 12,733 49,504 62,237 2,608 2,080 4,688 3,738 40,628 44,366 9,148 6,851 (179) 15,820 35,208 192,780 227,988
Particulars
Form A-BS (UL)

Liquid Fund Liquid Pension Fund Max Gain Fund I Max Gain Fund II Premier Balanced Fund Premier Bond Fund Premier Debt Fund Premier Equity Fund Schedule
st
Particulars
F -1 2,280,791 (167,143) 2,113,648 2,083,658 30,053 63 29,990 2,113,648 2,113,648 143,342 14.7455 245,909 3,380 9 3,371 249,280 249,280 16,817 14.8234 228,342 20,938 249,280
6,220,681 (134,922) 6,085,759 5,907,204 178,823 268 178,555 6,085,759 6,085,759 539,090 11.2890
592,281 (1,573) 590,708 555,965 34,768 25 34,743 590,708 590,708 56,223 10.5066
53,389 53,389 53,389 53,389 53,389 3,260 16.3751
326,266 62,237 388,503 382,037 6,537 71 6,466 388,503 388,503 28,201 13.7763
49,336 44,366 93,702 93,005 750 53 697 93,702 93,702 6,426 14.5816
110,070 227,988 338,058 338,232 677 851 (174) 338,058 338,058 17,427 19.3984

st
Form A-RA (UL)

Schedule Premier Equity Gain Fund 313 8,107 6,203 86,276 70,745 (59,941) 111,703 38 19,657 363 (10,471) 70,556 100,969 181,112 1,052 24,692 19,709 310,459 340,116 (322,486) 373,542 21,411 10,192 128,913 152,552 (217,075) 95,993 57,854 49,445 441,285 232,441 (429,666) 351,359 1,766 7,476 43 4,161 13,446 46,398 1,139 7,651 1,568 22,130 (1,862) 77,024 Premier Equity Growth Fund Premier Equity Index Fund Pure Equity Fund Pure Stock Fund Pure Stock Pension Fund
Particulars
(Amount in Rs. '000) Secure Shield Fund Plus Fund I

199,685 755 25,274 3,583 12,218 7,389 248,904
INCOME FROM INVESTMENTS Interest Income Dividend Income Miscellaneous Income Profit/(Loss) excluding inter scheme Profit/(Loss) on inter fund transfer/sale of investment Unrealised Gain/(Loss) Total Income (A) EXPENSES Fund Administration Expenses Fund Management Expenses Other charges Expropriation/Apropriation Charges Total Expenses (B) Net Income/(Loss) for the Year (A-B) Add: Revenue Account at the beginning of the year Fund Revenue Account at the end of the year F -5 15,009 11,155 (415) 25,749 85,954 327,278 413,232 41,070 23,853 (215) 64,708 116,404 165,238 281,642 57,282 34,466 (781) 90,967 282,575 240,341 522,916 15,326 53,081 (598) 67,809 28,184 307,701 335,885 55,303 262,167 (3,104) 314,366 36,993 497,825 534,818 2,281 2,440 (386) 4,335 9,111 16,131 25,242 9,037 1,023 (237) 9,823 67,201 93,338 160,539
38,938 73,678 500 113,116 135,788 (1,649) 134,139
Form A-BS (UL)

Premier Equity Gain Fund Premier Equity Growth Fund Premier Equity Index Fund Pure Equity Fund Pure Stock Fund Pure Stock Pension Fund Secure Fund Shield Plus Fund I Schedule
st
Particulars
F -1 187,050 413,232 600,282 1,384,881 522,916 1,907,797 1,915,028 7,231 (7,231) 1,907,797 1,907,797 113,344 16.8319 602,929 2,647 (2,647) 600,282 600,282 27,849 21.5546
1,145,644 281,642 1,427,286 1,431,287 264 4,265 (4,001) 1,427,286 1,427,286 82,422 17.3169
590,852 335,885 926,737 1,051,155 67,097 191,515 (124,418) 926,737 926,737 39,453 23.4897
4,002,034 534,818 4,536,852 4,450,980 111,017 25,145 85,872 4,536,852 4,536,852 206,720 21.9468
185,933 25,242 211,175 177,988 33,196 9 33,187 211,175 211,175 11,680 18.0799
964,041 160,539 1,124,580 1,030,364 94,255 39 94,216 1,124,580 1,124,580 62,477 17.9999
2,758,309 134,139 2,892,448 2,850,070 45,950 3,572 42,378 2,892,448 2,892,448 268,447 10.7747
71

st
Form A-RA (UL)

Schedule Shield Plus Fund II 40,458 126 7,265 (1,535) (277) (1,074) 44,963 21,380 6,998 (1,015) 70 (2,093) 25,340 133,585 11,856 19,004 38,952 15,964 26,689 246,050 3,163,781 3,252,950 2,536,157 21,405,909 6,942,089 (1,405,265) 35,895,621 Shield Plus Fund III
72
(Amount in Rs. '000) Stable Total Fund
F -5 8,101 15,867 79 24,047 20,916 20,916 4,622 9,410 (104) 13,928 11,412 11,412 33,530 3,792 (1,395) 35,927 210,123 182,927 393,050 219,430 4,407,902 12,948,745 (214,391) 17,361,686 18,533,935 42,305,087 60,839,022
Particulars
Form A-BS (UL)

Shield Plus Fund II Shield Plus Fund III Stable Fund Total Schedule
Particulars
F -1 770,452 20,916 791,368 776,683 15,078 393 14,685 791,368 791,368 74,816 10.5775 1,028,008 103,968 43 103,925 1,131,933 1,131,933 109,452 10.3418 2,814,971 52,004 162 51,842 2,866,813 2,866,813 154,709 18.5302 1,120,521 11,412 1,131,933 2,473,763 393,050 2,866,813
268,002,683 60,839,022 328,841,705 324,347,531 9,386,180 4,892,006 4,494,174 328,841,705
SCHEDULE F1 : POLICYHOLDERS' CONTRIBUTION

Acc Mid Cap Fund 6,556,087 2,656,765 2,705,316 6,507,536 32,345,659 11,834,327 4,299,892 39,880,094 173,573 1,694,146 139,324 1,728,395 459,548 829,569 330,356 958,761 (673) 615 1,741 (1,799) 1,815,228 1,015,853 189,321 2,641,760 92,027 12,169 79,858 1,367,333 89,555 350,910 1,105,978 Acc Mid Cap Fund II Acc Mid Cap Pension Fund Accelerated Fund Asset Allocation Fund Asset Allocation Pension Fund Assured Return Fund Balanced Fund Balanced Plus Fund 867,683 123,443 253,378 737,748
Schedules to Fund Revenue Account As at 31st March 2011
Particulars
Opening Balance Add : Addition during the year Less : Deduction during the year Closing Balance

Balanced Plus Pension Fund 96,379 20,292 34,522 82,149 1,097,550 56,634 1,040,916 5,159,229 5,524,466 3,324,076 7,359,619 834,646 1,591,968 850,422 1,576,192 101,024 149 39,590 61,583 Blue Chip Equity Fund Bond Fund Bond Pension Fund Capital Guarantee Fund- 2012 Capital Guarantee Fund- 2014 7,371 728 3,656 4,443 Capital Guarantee Fund- 2017 44,210 131 19,110 25,231 Capital Shield-I 801,270 24 3,643 797,651 Capital Shield-II 483,061 87 1,175 481,973
Particulars

Cash Fund 788,587 156,130 377,927 566,790 594,385 648,555 892,411 350,529 35,324 73,537 99,882 8,979 Cash Plus Fund Cash Plus Pension Fund Debt Fund 249,184 181,266 283,078 147,372 Debt Plus Fund 445,050 794,738 818,709 421,079 Debt Plus Pension Fund 65,130 144,540 177,557 32,113 Equity Fund 1,385,140 246,441 1,328,489 303,092 Equity Gain Fund 6,513,051 538,802 3,542,248 3,509,605 Equity Growth Fund 72,315,610 13,184,896 17,432,932 68,067,574
Particulars
73
74
Equity Growth Fund II 1,601,215 1,961,910 349,462 3,213,663 2,981,531 1,205,254 1,262,705 2,924,080 66,791,594 28,893,355 13,095,596 82,589,353 20,783 48,999 94,903 (25,121) 958,095 253,036 837,743 373,388 5,185,242 3,029,299 1,935,021 6,279,520 743,159 135,323 599,992 278,490 18,390 51,117 102,413 (32,906) Equity Growth Pension Fund Equity Index Fund Equity Index Fund - II Equity Index Pension Fund Equity Index Pension Fund - II Equity Midcap Fund Equity Midcap Pension Fund Equity Midcap Plus Fund 398,252 227,810 922,333 (296,271)
Particulars

Equity Plus Fund 8,096,218 1,313,850 5,532,935 3,877,133 327,318 145,488 477,617 (4,811) 839,275 625,593 842,550 622,318 6,575 1,425,192 41,513 1,390,254 95,885 1,531,722 38,953 1,588,654 501,811 555,892 (54,081) Equity Plus Pension Fund Group Asset Allocation Fund Group Debt Fund Group Equity Index Fund Group Growth Fund - I Group Liquid Fund 120,997 83,339 24,697 179,639 Group Short Term Debt Fund 633,778 79,677 33,588 679,867 Growth Plus Fund I 248,851 11,026 38,534 221,343
Particulars

Growth Plus Fund II 79,613 6,508 73,105 51,156 3,629 47,527 147,323 146,547 136,188 157,682 Growth Plus Fund III Life Long Gain Fund Liquid Fund 1,493,105 1,685,035 897,349 2,280,791 Liquid Pension Fund 113,238 327,029 211,925 228,342 Max Gain Fund I 3,582,130 2,721,181 82,630 6,220,681 Max Gain Fund II 619,472 27,191 592,281 Premier Balanced Fund 64,806 8,539 19,956 53,389 Premier Bond Fund 304,901 254,741 233,376 326,266
Particulars

Premier Debt Fund 40,663 82,827 74,154 49,336 220,838 25,781 136,549 110,070 804,549 77,509 291,206 590,852 402,384 27,539 242,873 187,050 1,907,199 46,625 568,943 1,384,881 1,356,397 128,386 339,139 1,145,644 3,081,081 1,757,074 836,121 4,002,034 85,869 152,563 52,499 185,933 Premier Equity Fund Premier Equity Gain Fund Premier Equity Growth Fund Premier Equity Index Fund Pure Equity Fund Pure Stock Fund Pure Stock Pension Fund Secure Fund 527,993 559,421 123,373 964,041
Particulars

Shield Plus Fund I 2,794,282 171,240 207,213 2,758,309 828,959 58,507 770,452 1,212,041 91,520 1,120,521 1,842,257 783,371 151,865 2,473,763 241,841,067 95,309,242 69,147,626 268,002,683 Shield Plus Fund II Shield Plus Fund III Stable Fund Total
Particulars
75
76
Acc Mid Cap Fund Acc Mid Cap Acc Mid Cap Fund II Pension Fund Accelerated Fund Asset Asset Allocation Allocation Fund Pension Fund Assured Balanced Fund Balanced Plus Balanced Plus Return Fund Fund Pension Fund 743,906 287,718 1,031,624 134,612 134,612 1,166,236 88.46% 11.54% 5.16% 94.84% 24,476 40,020,890 94.47% 5.53% 1,262 2,213,612 200 80,400 200,439 2,738,615 92.68% 7.32% 1,062 1,863,174 120,039 350,438 3,000 3,000 68,115 95.60% 4.40% 23,214 37,807,278 2,538,176 65,115 1,097,965 8,150 2,598,700 270,400 0.00% 0.00% 1,278 3,696,393 631,030 9,683 14,689,288 726,734 3,044 10,244,475 722,670 1,059 4,227,270 137,082 0.00% 0.00% 7,220,544 1,424,763 17,250 8,662,557 1,259,689 1,259,689 9,922,246 87.30% 12.70% 11.72% 88.28% 1,579,134 185,044 185,044 1,394,090 250,914 1,143,176 1,253,187 50,260 65,115 0.00% 0.00%
SCHEDULE F2 : INVESTMENTS
Particulars
APPROVED INVESTMENTS
Government Bonds
Corporate Bonds
Infrastructure Bonds
Equity
Money Market
Mutual Fund
Bank Fixed Deposits
Equity Linked Debenture
Total
OTHER INVESTMENTS
Corporate Bonds
Equity
Money Market
Mutual Fund
Gold ETF
Total
Grand Total
% of Approved to Total
% of Other than Approved to Total
Blue Chip Equity Fund Bond Fund Bond Pension Fund Capital Guarantee Fund- 2012 Capital Guarantee Fund- 2014 Capital Capital Shield- Capital ShieldGuarantee I II Fund- 2017 Cash Fund Cash Plus Fund
Particulars
APPROVED INVESTMENTS 719,302 173,479 892,781 47,551 47,551 940,332 94.94% 5.06% 0.00% 0.00% 100.00% 100.00% 96.85% 3.15% 7,244,916 1,684,320 81,284 300 2,557 300 900 200 301 5,532 94.56% 5.44% 1,657 101 945 200 1,145 36,535 96.87% 3.13% 7,244,616 1,684,320 78,727 5,231 35,390 983,690 398,050 5,000 1,200 273,210 927,789 5,941 5,941 933,730 99.36% 0.64% 2,762,443 575,859 284 16,445 29,932 1,823 17,072 67,856 1,973,749 467,656 5,422 387,536 14,216 6,113 648,737 676,060 676,060 100.00% 0.00% 1,524,734 242,755 8,976 182,742 6,994 34,819 1,924 12,896 608,614 202,500 811,114 811,114 100.00% 0.00% 720,338 244,750 965,088 965,088 100.00% 0.00%
Government Bonds
Corporate Bonds
Equity
Money Market
Mutual Fund
Bank Fixed Deposits
Total
OTHER INVESTMENTS
Corporate Bonds
Equity
Money Market
Mutual Fund
Gold ETF
Total
Grand Total
77
78
Debt Fund Debt Plus Debt Plus Fund Pension Fund Equity Fund Equity Gain Equity Growth Equity Growth Equity Growth Equity Index Fund Fund Fund II Pension Fund Fund 36,156 13,600 49,756 49,756 100.00% 0.00% 0.02% 0.00% 0.00% 99.98% 100.00% 100.00% 869,410 1,188,211 121,151 3,773,278 94.79% 5.21% 200 196,717 200 1,439,394 8,029,092 82.07% 17.93% 196,717 1,439,394 8,794,869 1,000 8,795,869 83,612,968 89.48% 10.52% 869,210 1,188,211 121,151 3,576,561 6,589,698 74,817,099 98,900 247,550 19,950 250,500 577,990 59,700 2,905,200 441,307 441,307 3,346,507 86.81% 13.19% 236,314 393,359 49,704 22,888 550,358 12,645,899 741,252 3,553,673 5,788,840 61,593,210 2,104,248 275,224 365,162 34,991 258,772 182,140 16,506 2,921,727 662,248 50,000 3,633,975 617,529 1,500 619,029 4,253,004 85.44% 14.56% 1,927,984 9,536 1,937,520 106,726 106,726 2,044,246 94.78% 5.22%
Particulars
Cash Plus Pension Fund
Government Bonds
Corporate Bonds
Equity
Money Market
Mutual Fund
Bank Fixed Deposits
Total
OTHER INVESTMENTS
Corporate Bonds
Equity
Money Market
Mutual Fund
Gold ETF
Total
Grand Total
Equity Plus Equity Plus Fund Pension Fund Group Asset Allocation Fund Group Debt Fund
Particulars
Equity Index Equity Index Equity Index Equity Midcap Equity Midcap Equity Midcap Fund - II Pension Fund Pension Fund Fund Pension Fund Plus Fund II
APPROVED INVESTMENTS 512,894 76,844 9,055,070 212,812 13,665 109,440 87.51% 12.49% 212,812 1,767,037 87.96% 12.04% 1,590,141 1,590,141 10,645,211 85.06% 14.94% 589,738 107,913 107,913 697,651 84.53% 15.47% 87,636,857 937,059 88,573,916 4,869,539 4,869,539 93,443,455 94.79% 5.21% 5.38% 5.19% 94.62% 94.81% 87.90% 12.10% 141,741 7,679,705 1,207,561 7,624 398,556 146,175 200 700 7,424 397,856 146,175 13,665 134,117 7,281,149 1,061,386 95,775 1,554,225 93,898 249,307 20,261 376,186 1,330,602 134,117 7,187,251 812,079 75,514 1,178,039 7,724,468 1,002 50,551 50,324 585,750 255,822 91,500 1,034,949 63,805 1,100 64,905 1,099,854 94.10% 5.90% 126,266 263,947 155,756 209,800 755,769 755,769 100.00% 0.00%
Government Bonds
Corporate Bonds
Equity
Money Market
Mutual Fund
Bank Fixed Deposits
Total
OTHER INVESTMENTS
Corporate Bonds
Equity
Money Market
Mutual Fund
Gold ETF
Total
Grand Total
79
80
Group Liquid Fund Group Short Term Debt Fund Growth Plus Fund I Growth Plus Fund II Growth Plus Life Long Gain Fund III Fund Liquid Fund Liquid Pension Fund 1,256,908 9,174 1,266,082 69,577 8,000 77,577 1,343,659 94.23% 5.77% 0.00% 0.00% 0.00% 0.00% 100.00% 100.00% 198,322 748,013 221,048 93.35% 6.65% 14,700 14,700 2,000 2,000 62,940 96.82% 3.18% 7,142 2,100 9,242 50,334 81.64% 18.36% 198,322 748,013 206,348 60,940 41,092 53,670 31,450 195,000 15,000 197,184 3,500 3,500 200,684 98.26% 1.74% 166,872 20,321 7,270 114,467 34,197 391,465 126,269 5,877 35,765 64,196 59,758 1,018 4,907 1,638,858 444,800 2,083,658 2,083,658 100.00% 0.00% 97,352 27,045 212,909 33,000 245,909 245,909 100.00% 0.00%
Particulars
Group Equity Group Growth Index Fund Fund - I
Government Bonds
Corporate Bonds
Equity
Money Market
Mutual Fund
Bank Fixed Deposits
Total
OTHER INVESTMENTS
Corporate Bonds
Equity
Money Market
Mutual Fund
Gold ETF
Total
Grand Total
Max Gain Fund I Max Gain Premier Premier Bond Premier Debt Fund II Balanced Fund Fund Fund Premier Equity Fund Premier Premier Equity Gain Equity Growth Fund Fund Premier Equity Index Fund Pure Equity Fund
Particulars
APPROVED INVESTMENTS 2,982,338 2,760,756 5,743,094 164,110 164,110 5,907,204 97.22% 2.78% 2.46% 0.00% 97.54% 0.00% 100.00% 0.00% 555,965 382,037 13,700 13,700 4,000 4,000 118,331 96.62% 3.38% 19,213 19,213 366,294 94.75% 5.25% 542,265 382,037 114,331 347,081 10,000 62,410 14,750 513,509 89,420 89,420 602,929 85.17% 14.83% 532,265 131,267 54,986 88,865 347,081 424,644 142,625 29,530 1,386,449 249,619 1,636,068 278,960 278,960 1,915,028 85.43% 14.57% 45,735 15,065 1,350,672 5,847 1,356,519 74,768 74,768 1,431,287 94.78% 5.22% 672,303 247,812 920,115 131,040 131,040 1,051,155 87.53% 12.47%
Government Bonds
Corporate Bonds
Equity
Money Market
Mutual Fund
Bank Fixed Deposits
Total
OTHER INVESTMENTS
Corporate Bonds
Equity
Money Market
Mutual Fund
Gold ETF
Total
Grand Total
81
82
Pure Stock Pure Stock Fund Pension Fund Secure Fund Shield Plus Fund I Shield Plus Fund II Shield Plus Fund III Stable Fund Total 3,253,354 581,074 3,834,428 616,552 616,552 4,450,980 86.15% 13.85% 7.92% 1.58% 0.93% 92.08% 98.42% 99.07% 177,988 1,030,364 2,850,070 776,683 98.41% 1.59% 14,104 16,317 26,581 12,341 6,400 20,700 20,700 1,028,008 97.99% 2.01% 14,104 16,317 26,581 5,941 93,740 93,740 2,814,971 96.67% 3.33% 163,884 1,014,047 2,823,489 764,342 1,007,308 2,721,231 180,500 1,025,000 260,000 249,000 527,400 9,670,700 1,800,372 99,598,941 350,438 24,233,152 165,000 24,748,590 324,347,531 92.37% 7.63% 140,002 53,061 38,462 223,244 270,103 37,546,354 163,884 149,085 303,558 67,858 868,266 222,366,564 294,742 1,035,240 330,106 324,670 650,042 18,174,747 171,739 99,840 29,952 143,335 404,992 8,006,384 77,979 306,790 37,964 67,059 428 2,033,820
Particulars
Government Bonds
Corporate Bonds
Equity
Money Market
Mutual Fund
Bank Fixed Deposits
Total
OTHER INVESTMENTS
Corporate Bonds
Equity
Money Market
Mutual Fund
Gold ETF
Total
Grand Total
SCHEDULE F3 : CURRENT ASSETS

Acc Mid Cap Fund 1,167 23,741 4,004 68,193 116,631 31,398 245,134 91,172 8,762 747 3,753,698 275,021 11,384 5,159 30 133,060 9,613 7 312,394 4,855 10,012 8,339 2,585,503 195,232 484 423 3,510 240 71 75,517 72 155,103 22,147 11,023 71 645 564,128 42,934 354 9 9 Acc Mid Cap Acc Mid Cap Fund II Pension Fund Accelerated Fund Asset Asset Allocation Allocation Fund Pension Fund Assured Balanced Fund Balanced Plus Balanced Plus Return Fund Fund Pension Fund 2 2
Particulars
Accured Interest
Bank Balances
Dividend Receivable
Receivables for Sale of Investments
Margin Receivable
Appropriation / Expropriation (ASSETS)
Application Money
Total

Blue Chip Equity Fund 89,422 45 2,116 91,583 228,309 743 39,534 70,154 11,105 157,412 28,429 661 7 668 Bond Fund Bond Pension Fund Capital Guarantee Fund- 2012 Capital Guarantee Fund- 2014 292 22 6 320 Capital Capital Shield- Capital ShieldGuarantee I II Fund- 2017 381 53 3 37 474 74,033 81 74,114 25,841 98 70 26,009 Cash Fund Cash Plus Fund 7,370 2,647 8 10,025 6,294 10 6,304
Particulars
Accured Interest
Bank Balances
Dividend Receivable
Margin Receivable
Application Money
Total
83
84
Debt Fund Debt Plus Debt Plus Fund Pension Fund 29,015 12,280 122 41,417 3,380 5,004 171,357 1,136,214 271,700 10,889 93,813 18,005 134,579 590,624 693 120 61,885 13,827 29,490 4,311 12,353 14,172 183,594 79,044 3,380 6,300 1,491 28,411 3,880 4,203 376 4,579 Equity Fund Equity Gain Equity Growth Equity Growth Equity Growth Equity Index Fund Fund Fund II Pension Fund Fund 2,109 1 2,110 18,050 89 4,113 13,848
Particulars
Cash Plus Pension Fund
Accured Interest
Bank Balances
Dividend Receivable
Margin Receivable
Application Money
Total

Equity Index Equity Index Equity Index Equity Midcap Equity Midcap Equity Midcap Fund - II Pension Fund Pension Fund Fund Pension Fund Plus Fund II 237,641 16,849 149,513 56,953 210,177 671,133 1,136 68,537 321 17,281 27 1,382 412 9,024 11,051 788 49,874 1,615 43 846 889 3,271 668 13,240 17,179 Equity Plus Equity Plus Fund Pension Fund 27,406 1,007 578,742 34,752 100,000 741,907 1,888 2,268 4,156 Group Asset Allocation Fund 11,884 297,689 3,613 313,186 Group Debt Fund 12,734 96,476 77 109,287
Particulars
Accured Interest
Bank Balances
Dividend Receivable
Margin Receivable
Application Money
Total

Group Short Term Debt Fund 18,421 4,097 77 22,595 7,283 6 229 22 6 5 4,149 7 13 2,819 7,254 211 1,330 16,197 13,834 22 30,053 Growth Plus Fund I Growth Plus Fund II Growth Plus Life Long Gain Fund III Fund Liquid Fund Liquid Pension Fund 2,857 523 3,380
Particulars
Group Equity Group Growth Group Liquid Index Fund Fund - I Fund 244,045 215 3,024 247,284 54 19,548 2 54 17,523 2,023
Accured Interest
Bank Balances
Dividend Receivable
Margin Receivable
Application Money
Total

Max Gain Fund I 159,050 573 19,200 178,823 34,768 1,809 32,309 650 5,893 644 6,537 Max Gain Premier Premier Bond Premier Debt Fund II Balanced Fund Fund Fund 750 750 Premier Equity Fund 609 68 677 Premier Premier Equity Gain Equity Growth Fund Fund Premier Equity Index Fund 264 264 Pure Equity Fund 2,213 825 16,072 47,987 67,097
Particulars
Accured Interest
Bank Balances
Dividend Receivable
Margin Receivable
Appropriation/Expropriation(ASSETS)
Application Money
Total
85
86
Pure Stock Pure Stock Fund Pension Fund 30,026 63,698 531 94,255 45,950 15,078 103,968 52,004 100,000 9,386,180 105 2,863 755,593 597,895 4,424,206 366 81 641 99,474 85,014 1,125 2,173,602 14,997 21,877 3,908 64,287 6,318 14,627 111,017 33,196 678 274 32,244 45,584 18,849 47,375 1,235,410 Secure Fund Shield Plus Fund I Shield Plus Fund II Shield Plus Fund III Stable Fund Total
Particulars
Accured Interest
Bank Balances
Dividend Receivable
Margin Receivable
Application Money
Total
SCHEDULE F4 : CURRENT LIABILITIES

Acc Mid Cap Fund 451,101 511 451,612 2,091 65 2,156 1,601 47 1,784 3,814 7,246 1 1 2,586,040 1,558 2,587,598 32,684 112 32,796 2 2 Acc Mid Cap Acc Mid Cap Fund II Pension Fund Accelerated Fund Asset Asset Allocation Allocation Fund Pension Fund Assured Balanced Fund Balanced Plus Balanced Plus Return Fund Fund Pension Fund -
Particulars
Payable for purchase of Investments Other Current Liabilities: Bank Balances Appropriation / Expropriation (Liability) Total

Blue Chip Equity Fund 36 36 850 850 250 171 421 3 569 83 655 1 1 Bond Fund Bond Pension Fund Capital Guarantee Fund- 2012 Capital Guarantee Fund- 2014 Capital Capital Shield- Capital ShieldGuarantee I II Fund- 2017 84 85 100 269 68 68 Cash Fund Cash Plus Fund 55 55 23 26,510 26,533
Particulars

Debt Fund Debt Plus Debt Plus Fund Pension Fund 311 311 25 1,924 12 1,961 Equity Fund Equity Gain Equity Growth Equity Growth Equity Growth Equity Index Fund Fund Fund II Pension Fund Fund 257 8,491 8,748 208,215 663 25,934 234,812 689,684 4,421 694,105 137 137 173 173 64 4,600 4,664
Particulars
Cash Plus Pension Fund 1 668 669 203 203
87
88
Equity Index Equity Index Equity Index Equity Midcap Equity Midcap Equity Midcap Fund - II Pension Fund Pension Fund Fund Pension Fund Plus Fund II 250,824 3,555 254,379 5 5 292 292 1,660 101 3,949 5,710 152 5 318 358 833 2,422 81 5,780 8,283 293,244 502 35,966 329,712 32 32 42 42 109 109 Equity Plus Equity Plus Fund Pension Fund Group Asset Allocation Fund Group Debt Fund
Particulars

Group Equity Group Growth Group Liquid Index Fund Fund - I Fund 61 61 5 5 22 22 9 9 2 32 34 Group Short Term Debt Fund Growth Plus Fund I Growth Plus Fund II Growth Plus Life Long Gain Fund III Fund 2 2 13 20 33 Liquid Fund Liquid Pension Fund 63 63 7 2 9
Particulars

Max Gain Fund I 268 268 25 25 Max Gain Premier Premier Bond Premier Debt Fund II Balanced Fund Fund Fund 32 39 71 8 33 12 53 Premier Equity Fund 25 826 851 Premier Premier Equity Gain Equity Growth Fund Fund 41 647 1,959 2,647 159 847 6,225 7,231 Premier Equity Index Fund 119 925 3,221 4,265 Pure Equity Fund 188,458 42 3,015 191,515
Particulars

Pure Stock Pure Stock Fund Pension Fund 24,962 183 25,145 9 9 39 39 118 3,164 290 3,572 32 282 79 393 43 43 162 162 4,733,138 16,134 37,788 104,946 4,892,006 Secure Fund Shield Plus Fund I Shield Plus Fund II Shield Plus Fund III Stable Fund Total
Particulars
89
90
Acc Mid Cap Fund 167,147 760 34 87 881 78 79,488 14,781 32,166 293,660 75,151 11,988 34 2,635,746 42,362 8,496 3,061 34 196,687 7,003 580 88 67,891 236 18,225 891 462,736 4,105 11 11 47,850 7,937 1,908,421 31,018 Acc Mid Cap Acc Mid Cap Fund II Pension Fund Accelerated Fund Asset Asset Allocation Allocation Fund Pension Fund Assured Balanced Fund Balanced Plus Balanced Plus Return Fund Fund Pension Fund
SCHEDULE F5 : OTHER EXPENSES
Particulars
Policy Administration Charge
Surrender Charge
Switching Charge
Mortality Charge
Rider Premium Charge
Partial Withdrawal Charge
Miscellaneous Charge
Service Tax Expenses
Total

Blue Chip Equity Fund 4,840 1,755 85 466 7,146 299,564 8,995 23,944 2,602 18,223 38 307 3,138 78,848 620 1,339 266 40 178,283 5,695 1,492 93 106 23 222 Bond Fund Bond Pension Fund Capital Guarantee Fund- 2012 Capital Guarantee Fund- 2014 Capital Capital Shield- Capital ShieldGuarantee I II Fund- 2017 667 482 123 1,272 2,792 2,792 2,319 2,319 Cash Fund Cash Plus Fund 46 10,088 3,155 3,451 16,740 2,740 205 5,470 750 2,126 11,291
Particulars
Surrender Charge
Switching Charge
Mortality Charge
Total

Debt Fund Debt Plus Debt Plus Fund Pension Fund 5,958 93,327 32,619 780 17,861 144,587 286 9,606 1,276 2,850 19,976 1,289 50,823 115,050 218 13,348 33,823 306,520 3,053,409 43 7,858 13,028 143,496 184 29,524 68,124 863,824 348 90 75 71 496 3 1,739,498 32,296 9 1,800 101 8,086 42,292 Equity Fund Equity Gain Equity Growth Equity Growth Equity Growth Fund Fund Fund II Pension Fund Equity Index Fund 13,535 207 14,810 2,345 5,044 35,941
Particulars
Cash Plus Pension Fund 249 77 77 13 100 516 15,911 3,548 2,095 10,143 124 1
Surrender Charge
Switching Charge
Mortality Charge
Total

Equity Index Equity Index Equity Index Equity Midcap Equity Midcap Equity Midcap Fund - II Pension Fund Pension Fund Fund Pension Fund Plus Fund II 3,019,002 213 1,086,479 170,413 357,229 4,633,336 1,389 264 15,200 91,190 78 322 211 5,275 180 48 29 9,869 2,588 5,380 17,866 656 70,345 424 75 66 16 233 814 5,698 147 7,880 1,993 4,449 20,167 Equity Plus Equity Plus Fund Pension Fund 46,209 407 68,809 11,458 28,787 155,670 2,948 418 568 168 1,456 5,558 Group Asset Allocation Fund 2,307 11,397 76 2,045 15,825 Group Debt Fund 670 670
Particulars
Surrender Charge
Switching Charge
Mortality Charge
Total
91
92
Group Liquid Fund 204 204 936 5,958 1,428 435 936 540 107 28 519 1,247 2 710 179 65 728 61 44,225 12,259 16,285 162,538 4,708 1,142 340 89,708 856 15 53 5 351 1,280 Group Short Term Debt Fund Growth Plus Fund I Growth Plus Fund II Growth Plus Life Long Gain Fund III Fund Liquid Fund Liquid Pension Fund 3,865 16,125 483 4,251 24,724 -
Particulars
Group Equity Group Growth Index Fund Fund - I
Surrender Charge
Switching Charge
Mortality Charge
Total

Max Gain Fund I 294,144 75,638 1,249 24,405 395,436 14,000 1,519 1,284 5,116 12,481 1,610 33 2,189 1,220 6 505 349 2,080 Max Gain Premier Premier Bond Premier Debt Fund II Balanced Fund Fund Fund Premier Equity Fund 3,961 2 1,675 1,213 6,851 Premier Premier Equity Gain Equity Growth Fund Fund 6,591 4 2,582 1,978 11,155 16,024 5 11,014 7,423 34,466 Premier Equity Index Fund 10,949 29 7,615 5,260 23,853 Pure Equity Fund 32,660 1 15,087 1,193 4,140 53,081
Particulars
Surrender Charge
Switching Charge
Mortality Charge
Total

Pure Stock Pure Stock Fund Pension Fund 172,376 1,497 2 182 30 729 2,440 1,023 73,678 15,867 9,410 1,023 6,580 1,350 626 3,792 3,792 29 10,587 1,755 1,502 3,630 3,154,048 486,230 1,196,946 12,948,745 11 63,552 6,972 19,256 262,167 56,511 12,762 7,253 8,107,891 Secure Fund Shield Plus Fund I Shield Plus Fund II Shield Plus Fund III Stable Fund Total
Particulars
Surrender Charge
Switching Charge
Mortality Charge
Total
93
Form A-RA (UL)

Acc Mid Cap Pension Fund 4,895 2,434 61,084 52,093 159,987 280,493 6,315 7,465 (2,006) 11,774 268,719 (78,283) 190,436 276 28 (27) 277 9,455 14,030 23,485 318,940 2,927,987 (106,717) 3,140,210 3,918,077 (2,973,287) 944,790 16,476 51,606 (6,421) 61,661 252,855 (44,430) 208,425 872 112 210 1,537 3,135 3,866 9,732 940,885 146,890 217,509 2,438,880 1,052,938 2,261,185 7,058,287 52,489 6,250 15,794 87,532 44,160 108,291 314,516 Accelerated Fund Asset Allocation Fund Asset Allocation Pension Fund Balanced Fund Balanced Plus Fund
94
Schedule Acc Mid Cap Fund Acc Mid Cap Fund - II 80 100 73 (53) 6,090 6,290 157 9,350 (430) 9,077 (2,787) 0 (2,787) 85,746 27,777 1,204,008 976,875 2,567,582 4,861,988 120,660 279,106 30,297 430,063 4,431,925 (1,628,964) 2,802,961
Particulars
INCOME FROM INVESTMENTS Interest Income Dividend Income Miscellaneous Income Profit/(Loss) excluding inter scheme Profit/(Loss) on inter fund transfer/sale of investment Unrealised Gain/(Loss) Total Income (A) EXPENSES Fund Administration Expenses Fund Management Expenses Other charges F -5 Expropriation/Apropriation Charges (Income/Expenditure) Total Expenses (B) Net Income/(Loss) for the Year (A-B) Add: Revenue Account at the beginning of the year Fund Revenue Account at the end of the year
Form A-BS (UL)

Acc Mid Cap Fund Acc Mid Cap Fund - II Acc Mid Cap Pension Fund Accelerated Fund Asset Allocation Fund Asset Allocation Pension Fund Balanced Fund Balanced Plus Fund

Schedule
st
Particulars
F -1 6,556,087 2,802,961 9,359,048 9,363,066 218,739 222,757 (4,018) 9,359,048 9,359,048 470,948 19.8728 132,225 40,008 1,447 38,561 170,786 170,786 15,819 10.7965 618,088 40,616 8,720 31,896 649,984 649,984 31,257 20.7948 173,573 (2,787) 170,786 459,548 190,436 649,984
(673) 23,485 22,812 22,030 807 25 782 22,812 22,812 1,053 21.6640
32,345,659 944,790 33,290,449 31,893,327 1,434,079 36,957 1,397,122 33,290,449 33,290,449 2,689,272 12.3790
1,815,228 208,425 2,023,653 1,949,092 76,726 2,165 74,561 2,023,653 2,023,653 172,684 11.7189
1,367,333 1,367,333 1,367,262 71 71 1,367,333 1,367,333 76,248 17.9326
867,683 867,683 867,674 9 9 867,683 867,683 41,432 20.9423
SOURCES OF FUNDS Policy Holders' Funds: Policy Holders' Contribution Revenue Account Total APPLICATION OF FUNDS Investments Current Assets Less : Current Liabilities and Provisions Net Current Assets Total (a)Net Assets as per Balance Sheet (Rs. in thousands) (b)Number of Units Outstanding (in thousands) Net Asset Value per unit (a)/(b) (Rs.) F -2 F -3 F -4
Form A-RA (UL)

Bond Fund Bond Pension Fund 42,769 0 6,057 2,464 3,696 2,100 57,086 5,792 9,919 (88) 15,623 41,463 28,090 69,553 1,549 3,905 119 5,573 16,553 689 17,242 107 276 9 392 1,221 (99) 1,122 704 1,702 53 2,459 12,018 (3,112) 8,906 7,489 292 5 (535) 1,445 13,430 22,126 539 23 1 (13) 86 977 1,613 1,919 258 859 (74) 803 10,712 14,477 67,518 2,553 3,989 21,554 32,776 37,657 166,047 24,915 2,566 96 27,577 138,470 17,050 155,520 Capital Guarantee Fund- 2012 Capital Guarantee Fund- 2014 Capital Guarantee Fund- 2017 Capital Shield Fund- I Capital Shield Fund- II 17,090 856 90 131 155,820 173,987 19,620 2,021 (65) 21,576 152,411 12,296 164,707
Schedule Balanced Plus Pension Fund 38,429 292,197 (505) 330,121 61,225 (59,970) 1,255 289,876 0 38,502 20,987 73,330 (31,349) 391,346
Particulars
Form A-BS (UL)

Balanced Plus Pension Fund Bond Fund Bond Pension Fund Capital Guarantee Fund- 2012 Capital Guarantee Fund- 2014 Capital Guarantee Fund- 2017 Capital Shield Fund- I Capital Shield Fund- II

Schedule
st
Particulars
F -1 96,379 F -2 F -3 F -4 96,379 96,379 4,841 19.9089 96,376 3 3 5,160,484 4,881,241 283,610 4,367 279,243 5,160,484 5,160,484 366,312 14.0877
96,379 -
5,159,229 1,255
834,646 69,553 904,199 854,165 50,783 749 50,034 904,199 904,199 62,906 14.3738
101,024 17,242 118,266 116,521 2,259 514 1,745 118,266 118,266 9,183 12.8786
7,371 1,122 8,493 8,411 133 51 82 8,493 8,493 667 12.7328
44,210 8,906 53,116 52,955 278 117 161 53,116 53,116 4,063 13.0718
801,270 155,520 956,790 894,202 65,273 2,685 62,588 956,790 956,790 78,294 12.2205
483,061 164,707 647,768 635,142 14,565 1,939 12,626 647,768 647,768 47,668 13.5891
SOURCES OF FUNDS Policy Holders' Funds: Policy Holders' Contribution Revenue Account Total APPLICATION OF FUNDS Investments Current Assets Less : Current Liabilities and Provisions Net Current Assets Total (a)Net Assets as per Balance Sheet (Rs. in thousands) (b)Number of Units Outstanding (in thousands) Net Asset Value per unit (a)/(b) (Rs.)
95
Form A-RA (UL)

Cash Plus Fund 31,861 74,833 9,184 64 115,942 8,905 13,437 (1,113) 21,229 94,713 431,804 526,517 600 740 (73) 1,267 7,097 30,639 37,736 16,062 12,849 19,573 (113) 48,371 68,887 222,537 291,424 9,915 24,714 (126) 34,503 104,743 323,703 428,446 1,265 1,523 (16) 2,772 15,276 31,071 46,347 57,696 46,157 61,001 10,248 175,102 2,211,971 183,043 2,395,014 3,024 4,374 964 2 8,364 94,622 9,441 1,111 16,267 (4,183) 117,258 101,592 11,106 4,260 39,044 (16,756) 139,246 12,768 1,727 26 3,744 (217) 18,048 49,699 855 256,120 325,592 1,754,807 2,387,073 117,038 65,429 2,181,414 973,307 2,036,080 5,373,268 126,447 151,735 138,372 32,888 449,442 4,923,826 (1,335,303) 3,588,523 Cash Plus Pension Fund Debt Fund Debt Plus Fund Debt Plus Pension Fund Equity Fund Equity Gain Fund
96
Schedule Cash Fund 42,371 52,334 4,822 99,527 13,798 11,038 19,851 (1,005) 43,682 55,845 165,865 221,710
Particulars
Form A-BS (UL)

Cash Fund Cash Plus Fund Cash Plus Pension Fund Debt Fund Debt Plus Fund Debt Plus Pension Fund Equity Fund Equity Gain Fund

Schedule
st
Particulars
F -1 788,587 221,710 1,010,297 987,467 24,983 2,153 22,830 1,010,297 1,010,297 71,233 14.1831 1,101,925 19,717 740 18,977 1,120,902 1,120,902 72,761 15.4053 68,711 4,396 47 4,349 73,060 73,060 4,739 15.4178 594,385 526,517 1,120,902 35,324 37,736 73,060
249,184 291,424 540,608 504,212 38,823 2,427 36,396 540,608 540,608 39,465 13.6983
445,050 428,446 873,496 813,101 61,230 835 60,395 873,496 873,496 58,204 15.0075
65,130 46,347 111,477 106,285 5,297 105 5,192 111,477 111,477 7,231 15.4174
1,385,140 2,395,014 3,780,154 3,791,205 8,860 19,911 (11,051) 3,780,154 3,780,154 157,046 24.0703
6,513,051 3,588,523 10,101,574 10,021,565 280,828 200,819 80,009 10,101,574 10,101,574 308,896 32.7022
Form A-RA (UL)

Equity Growth Pension Fund 28,762 18,992 377,624 235,152 807,923 1,468,453 46,348 50,847 (11,948) 85,247 1,383,206 (614,325) 768,881 25,024 44,587 5,496 75,107 1,221,695 (195,896) 1,025,799 678,839 4,853,738 (164,414) 5,368,163 18,782,245 (11,701,298) 7,080,947 1,923 1,872 394 4,189 94,026 9,658 103,684 27,082 523 66,692 135,149 1,067,356 1,296,802 248 538,844 16,789 1,081,583 356,646 22,156,298 24,150,408 2,092 48 7,277 15,623 73,175 98,215 36,845 1,980 33,364 32,162 1,520,908 1,625,259 48,049 109,500 (13,059) 144,490 1,480,769 (669,660) 811,109 Equity Index Fund Equity Index Fund - II Equity Index Pension Fund Equity Index Pension Fund - II Equity Midcap Fund 19,425 5,861 156,741 281,852 595,559 1,059,438 19,790 23,748 21,269 5,317 70,124 989,314 (100,022) 889,292
Schedule
Particulars Equity Growth Fund 29,376 646,105 353,434 5,939,499 569,877 22,124,501 29,662,792 1,136,884 3,380,385 (260,480) 4,256,789 25,406,003 (16,741,921) 8,664,082 1,223 30,121 (3,797) 27,547 8,118 8,118 42 684 2,270 5,410 27,259 35,665 Equity Growth Fund - II
Form A-BS (UL)

Equity Growth Fund Equity Growth Fund - II Equity Growth Pension Fund Equity Index Fund Equity Index Fund - II Equity Index Pension Fund Equity Index Pension Fund - II Equity Midcap Fund

Schedule
st
Particulars
F -1 72,315,610 8,664,082 80,979,692 79,354,602 2,238,886 613,796 1,625,090 80,979,692 80,979,692 5,390,671 15.0222 1,152,981 469,404 13,052 456,352 1,609,333 1,609,333 151,625 10.6140 1,601,215 8,118 1,609,333
2,981,531 768,881 3,750,412 3,576,782 209,873 36,243 173,630 3,750,412 3,750,412 237,878 15.7662
958,095 1,025,799 1,983,894 1,983,674 8,030 7,810 220 1,983,894 1,983,894 63,216 31.3829
66,791,594 7,080,947 73,872,541 73,887,254 1,006,409 1,021,122 (14,713) 73,872,541 73,872,541 4,368,551 16.9101
20,783 103,684 124,467 124,520 509 562 (53) 124,467 124,467 4,507 27.6140
5,185,242 811,109 5,996,351 5,921,622 226,010 151,281 74,729 5,996,351 5,996,351 362,055 16.5621
743,159 889,292 1,632,451 1,640,224 1,818 9,591 (7,773) 1,632,451 1,632,451 55,840 29.2346
97
Form A-RA (UL)

Equity Plus Fund 3,043 172,310 81,820 3,238,404 1,643,937 2,790,996 7,930,510 220,651 206,820 45,969 473,440 7,457,070 (1,416,832) 6,040,238 14,749 8,135 2,947 25,831 564,875 14,083 578,958 2 497 (8) 491 (454) (454) 12,415 1,279 (58) 13,636 103,739 89,170 192,909 10 6,634 (88) 6,556 (6,807) (6,807) 1 11,437 5,797 294,158 167,889 111,424 590,706 6 31 37 90,687 4,253 9,108 20,477 (7,150) 117,375 22 4 (277) (251) 28,269 (10,149) 18,120 (52) (52) 18,172 18,172 Equity Plus Pension Fund Group Asset Allocation Fund Group Debt Fund Group Equity Index Fund Group Growth Fund- I
98
Schedule Equity Midcap Pension Fund
Equity Midcap Plus Fund 32,882 8,019 467,094 496,360 850,369 1,854,724 34,609 25,504 7,533 67,646 1,787,078 129,153 1,916,231
Particulars
INCOME FROM INVESTMENTS Interest Income Dividend Income Miscellaneous Income Profit/(Loss) excluding inter scheme Profit/(Loss) on inter fund transfer/sale of investment Unrealised Gain/(Loss) Total Income (A) EXPENSES Fund Administration Expenses Fund Management Expenses Other charges F -5 Expropriation/Apropriation Charges (Income/Expenditure) Total Expenses (B) Net Income/(Loss) for the Year (A-B) Add: Revenue Account at the beginning of the year Fund Revenue Account at the end of the year 2,054 554 26,574 33,734 51,303 114,219 2,141 1,061 482 3,684 110,535 21,525 132,060
Form A-BS (UL)

Equity Midcap Plus Fund Equity Plus Fund Equity Plus Pension Fund Group Asset Allocation Fund Group Debt Fund Group Equity Index Fund Group Growth Fund- I

Schedule Equity Midcap Pension Fund
st
Particulars
F -1
18,390 132,060 150,450 148,549 4,658 2,757 1,901 150,450 150,450 3,840 39.1797 2,321,066 36,044 42,627 (6,583) 2,314,483 2,314,483 65,422 35.3779 13,975,841 409,795 249,180 160,615 14,136,456 14,136,456 408,255 34.6266
398,252 1,916,231 2,314,483
8,096,218 6,040,238 14,136,456
327,318 578,958 906,276 885,748 35,735 15,207 20,528 906,276 906,276 27,082 33.4647
6,575 (454) 6,121 2,246 3,877 2 3,875 6,121 6,121 596 10.2755
839,275 192,909 1,032,184 562,394 470,334 544 469,790 1,032,184 1,032,184 83,235 12.4009
95,885 (6,807) 89,078 52,747 54,856 18,525 36,331 89,078 89,078 8,845 10.0705
501,811 18,172 519,983 485,602 34,381 34,381 519,983 519,983 50,181 10.3622
Form A-RA (UL)

Growth Plus Fund- I 987 165 13 (267) 898 197 982 (19) 1,160 (262) (262) 2,249 1,799 1,432 19 5,499 10,012 30,997 41,009 9,515 155,127 (134) 164,508 (78,219) (45,971) (124,190) 799 1,225 (12) 2,012 5,417 3,721 9,138 13,176 941 1,015 3,369 (2,990) 15,511 27,190 52,158 6,801 140 86,289 2,562 4,113 746 8 7,429 19,884 398 20,282 886 4,430 155,975 (8,967) 152,324 (132,042) (132,042) Life Long Gain Fund Liquid Fund Liquid Pension Fund Max Gain Fund- I Premier Balanced Fund -
Schedule
Particulars Group Liquid Fund 2,164 14,242 5,276 2,178 23,860 1,538 158 (12) 1,684 22,176 4,269 26,445 5,299 546 (66) 5,779 28,387 7 28,394 29,699 28,738 (1,988) (22,283) 34,166 Group Short Term Debt Fund
Form A-BS (UL)

Group Liquid Fund Group Short Term Debt Fund Growth Plus Fund- I Life Long Gain Fund Liquid Fund Liquid Pension Fund Max Gain Fund- I Premier Balanced Fund

Schedule
Particulars
F -1 120,997 26,445 147,442 122,222 25,302 82 25,220 147,442 147,442 12,603 11.6993 646,898 15,827 553 15,274 662,172 662,172 61,687 10.7344 633,778 28,394 662,172
248,851 (262) 248,589 177,168 71,574 153 71,421 248,589 248,589 24,630 10.0930
147,323 41,009 188,332 184,724 4,018 410 3,608 188,332 188,332 14,847 12.6850
1,493,105 (124,190) 1,368,915 1,321,885 48,188 1,158 47,030 1,368,915 1,368,915 99,210 13.7982
113,238 9,138 122,376 114,650 7,832 106 7,726 122,376 122,376 8,847 13.8333
3,582,130 (132,042) 3,450,088 2,761,998 691,117 3,027 688,090 3,450,088 3,450,088 334,623 10.3104
64,806 64,806 64,806 64,806 64,806 4,246 15.2643
99
Form A-RA (UL)

Premier Equity Fund Premier Equity Gain Fund 8,316 3,997 195,915 98,936 120,808 427,972 16,295 13,863 2,380 32,538 395,434 (68,156) 327,278 54,589 40,367 7,006 101,962 963,070 (722,729) 240,341 36,494 24,629 3,434 64,557 562,243 (397,005) 165,238 15,570 64,112 3,612 83,294 497,978 (190,277) 307,701 20,732 6,136 196,336 4,614 837,214 1,065,032 18 13,586 435 (5,428) 10,213 607,976 626,800 12,111 3,809 114,819 99,476 351,057 581,272 27,773 13,210 204,406 82,079 975,582 1,303,050 42,862 267,672 (11,518) 299,016 1,004,034 (506,209) 497,825 Premier Equity Growth Fund Premier Equity Index Fund Pure Equity Fund Pure Stock Fund 4,867 102 12,393 25,010 193,615 235,987 10,147 8,493 1,004 19,644 216,343 (23,563) 192,780
100
Schedule
Premier Bond Fund 22,226 2,992 2,768 5,777 (1,951) 31,812 8,783 4,781 35 13,599 18,213 31,291 49,504 2,800 2,347 11 5,158 8,558 32,070 40,628 9,032 1,193 1,549 3,893 (1,951) 13,716 Premier Debt Fund
Particulars
Form A-BS (UL)

Premier Bond Fund Premier Debt Fund Premier Equity Fund Premier Equity Gain Fund Premier Equity Growth Fund Premier Equity Index Fund Pure Equity Fund Pure Stock Fund

Schedule
Particulars
F -1
304,901 49,504 354,405 343,921 11,553 1,069 10,484 354,405 354,405 26,916 13.1673 77,238 4,368 315 4,053 81,291 81,291 5,849 13.8971 415,506 69 1,957 (1,888) 413,618 413,618 23,406 17.6717
40,663 40,628 81,291
220,838 192,780 413,618
402,384 327,278 729,662 715,965 26,455 12,758 13,697 729,662 729,662 38,681 18.8639
1,907,199 240,341 2,147,540 2,161,226 13,686 (13,686) 2,147,540 2,147,540 147,157 14.5936
1,356,397 165,238 1,521,635 1,529,918 231 8,514 (8,283) 1,521,635 1,521,635 95,904 15.8663
804,549 307,701 1,112,250 1,108,181 9,233 5,164 4,069 1,112,250 1,112,250 50,952 21.8294
3,081,081 497,825 3,578,906 3,541,226 41,981 4,301 37,680 3,578,906 3,578,906 175,208 20.4267
Form A-RA (UL)

Shield Plus Fund- I 10,157 2,927 3 (1,196) 11,891 2,247 11,504 (211) 13,540 (1,649) (1,649) 236,926 7,827 3,269,592 806 13,365,702 (1,469) (436,254) 7,164 16,435,966 163,507 79,961,538 19,420 (37,656,451) 182,927 42,305,087 33,144 1,075 4,133 26,147 67,011 39,161 170,671 2,034,023 2,021,215 1,195,253 18,774,856 8,024,709 64,347,448 96,397,504 Stable Fund Total
Schedule
Particulars Pure Stock Pension Fund 419 11 1,791 2,529 13,671 18,421 546 1,582 (292) 1,836 16,585 (454) 16,131 4,837 498 (294) 5,041 78,204 15,134 93,338 24,360 620 3,093 16,009 25,766 13,397 83,245 Secure Fund
Form A-BS (UL)

Pure Stock Pension Fund Secure Fund Shield Plus Fund- I Stable Fund Total

Schedule
st
Particulars
F -1 85,869 16,131 102,000 80,690 21,410 100 21,310 102,000 102,000 6,068 16.8094 563,661 58,183 513 57,670 621,331 621,331 37,761 16.4545 527,993 93,338 621,331
2,794,282 (1,649) 2,792,633 2,096,702 697,687 1,756 695,931 2,792,633 2,792,633 278,295 10.0348
1,842,257 241,841,067 182,927 42,305,087 2,025,184 284,146,154 1,404,546 276,655,225 622,261 10,240,003 1,623 2,749,074 620,638 7,490,929 2,025,184 284,146,154 2,025,184 117,797 17.1921
101
102
Acc Mid Cap Fund 5,105,796 3,413,040 1,962,749 6,556,087 177,337 3,764 173,573 266,788 343,746 150,986 459,548 6,052 7,501 14,226 (673) 21,021,895 12,313,757 989,993 32,345,659 788,313 1,117,786 90,871 1,815,228 1,291,026 137,000 60,693 1,367,333 834,681 155,082 122,080 867,683 98,771 13,953 16,345 96,379 Acc Mid Cap Fund- II Acc Mid Cap Pension Fund Accelerated Fund Asset Allocation Fund Asset Allocation Pension Fund Balanced Fund Balanced Plus Fund Balanced Plus Pension Fund
Particulars

Bond Fund 3,270,147 4,166,947 2,277,865 5,159,229 369,424 1,027,637 562,415 834,646 111,742 10,718 101,024 7,779 28 436 7,371 50,832 6,622 44,210 808,853 5,127 12,710 801,270 Bond Pension Fund Capital Guarantee Fund- 2012 Capital Guarantee Fund- 2014 Capital Guarantee Fund- 2017 Capital Shield Fund- I Capital Shield Fund- II 478,796 10,231 5,966 483,061 Cash Fund 971,015 204,869 387,297 788,587 Cash Plus Fund 984,752 622,011 1,012,378 594,385
Particulars

Cash Plus Pension Fund 66,361 37,998 69,035 35,324 371,158 250,088 372,062 249,184 712,142 917,090 1,184,182 445,050 Debt Fund Debt Plus Fund Debt Plus Pension Fund 74,193 129,282 138,345 65,130 Equity Fund 2,537,406 420,616 1,572,882 1,385,140 Equity Gain Fund 8,651,002 920,314 3,058,265 6,513,051 Equity Growth Fund 55,142,892 33,079,404 15,906,686 72,315,610 Equity Growth Fund-II 1,651,285 50,070 1,601,215 Equity Growth Pension Fund 2,254,653 1,701,800 974,922 2,981,531
Particulars

Equity Index Fund Equity Index Fund - II 40,879,569 36,355,822 10,443,797 66,791,594 87,162 38,671 105,050 20,783 2,602,686 3,829,533 1,246,977 5,185,242 1,142,075 157,080 555,996 743,159 74,208 21,334 77,152 18,390 1,437,694 264,578 1,304,020 398,252 12,327,596 2,032,487 6,263,865 8,096,218 Equity Index Pension Fund Equity Index Pension Fund-II Equity Midcap Fund Equity Midcap Pension Fund Equity Midcap Plus Fund Equity Plus Fund 1,651,211 464,375 1,157,491 958,095 Equity Plus Pension Fund 727,211 166,233 566,126 327,318
Particulars

Group Asset Allocation Fund 6,588 13 6,575 1,080,295 1,485,403 1,726,423 839,275 95,900 15 95,885 501,811 501,811 890,401 73,731 843,135 120,997 Group Debt Fund Group Equity Index Fund Group Growth Fund-I Group Liquid Fund Group Short Term Debt Fund 20,000 613,778 633,778 Growth Plus Fund-I 255,505 6,654 248,851 Life Long Gain Fund 149,010 181,817 183,504 147,323 Liquid Fund 788,370 1,127,208 422,473 1,493,105
Particulars

Liquid Pension Fund 48,033 147,913 82,708 113,238 3,677,438 95,308 3,582,130 Max Gain Fund-I Premier Balanced Fund 63,456 7,517 6,167 64,806 Premier Bond Fund 237,122 267,485 199,706 304,901 Premier Debt Fund 61,532 109,339 130,208 40,663 Premier Equity Fund 328,203 60,212 167,577 220,838 Premier Premier Equity Gain Equity Growth Fund Fund 594,723 46,872 239,211 402,384 2,044,090 190,385 327,276 1,907,199 Premier Equity Index Fund 1,214,293 367,758 225,654 1,356,397
Particulars
103
104
Pure Equity Fund 893,045 133,383 221,879 804,549 2,024,327 2,099,540 1,042,786 3,081,081 8,837 91,034 14,002 85,869 401,793 215,987 89,787 527,993 2,911,769 117,487 2,794,282 256,038 1,767,565 181,346 1,842,257 178,309,449 122,589,974 59,058,356 241,841,067 Pure Stock Fund Pure Stock Pension Fund Secure Fund Shield Plus Fund-I Stable Fund Total
Particulars
Acc Mid Cap Fund Acc Mid Cap Fund-II Acc Mid Cap Pension Fund Accelerated Fund Asset Asset Allocation Allocation Fund Pension Fund Balanced Fund Balanced Plus Fund Balanced Plus Pension Fund Bond Fund
Particulars
APPROVED INVESTMENTS 6,399,821 1,131,072 7,530,893 1,779,049 53,124 1,832,173 9,363,066 80.43% 19.57% 19.05% 19.19% 80.95% 80.81% 93.76% 6.24% 132,225 618,088 22,029 25,194 118,602 1,374 2,986 730,353 31,893,328 97.71% 2.29% 25,194 115,616 1,374 730,353 38,831 38,831 1,949,092 98.01% 1.99% 107,031 499,486 20,655 31,162,975 1,910,261 443,300 2,000 759,590 0.00% 0.00% 1,113,900 12,053 71,401 479 6,887,614 623,289 94,978 428,085 9,311 8,566,385 462,300 5,022 8,640,810 668,121 0.00% 0.00% 1,417 2,776,017 156,551 2,426 1,975,359 0.00% 0.00% 642,601 2,600,914 524,226 1,113,500 4,881,241 4,881,241 100.00% 0.00%
Government Bonds
Corporate Bonds
Equity
Money Market
Mutual Fund
Bank Fixed Deposits
Total
OTHER INVESTMENTS
Corporate Bonds
Equity
Money Market
Mutual Fund
Gold ETF
Total
Grand Total
105
106
Bond Pension Fund Capital Guarantee Fund-2012 Capital Guarantee Fund-2014 Capital Guarantee Fund-2017 Capital Shield Fund-I Capital Shield Fund-II Cash Fund Cash Plus Fund Cash Plus Pension Fund Debt Fund 150,564 393,462 104,988 205,150 854,164 854,164 100.00% 0.00% 1.86% 1.99% 3.61% 98.14% 98.01% 96.39% 116,521 8,411 52,955 894,202 97.78% 2.22% 2,171 167 1,913 19,810 635,143 100.00% 0.00% 2,171 167 1,913 19,810 987,467 100.00% 0.00% 114,350 8,244 51,042 874,392 635,143 987,467 583,121 394,150 518,750 900 420,245 1,101,925 1,101,925 100.00% 0.00% 898 100 28,081 5,755 468,717 681,680 29,300 2,252 25,827 125,297 14,212 3,105 3,530 126,144 29,758 34,280 8,487 200,720 16,509 1,301 67,410 68,711 68,711 100.00% 0.00% 35,658 1,989 13,098 218,585 504,571 165,020 210,750 1,098,926 1,098,926 100.00% 0.00%
Particulars
Government Bonds
Corporate Bonds
Equity
Money Market
Mutual Fund
Bank Fixed Deposits
Total
OTHER INVESTMENTS
Corporate Bonds
Equity
Money Market
Mutual Fund
Gold ETF
Total
Grand Total
Debt Plus Fund Debt Plus Pension Fund Equity Fund Equity Gain Fund Equity Growth Fund Equity Equity Growth Growth Fund-II Pension Fund Equity Index Fund Equity Equity Index Index Fund-II Pension Fund
Particulars
APPROVED INVESTMENTS 307,412 525,941 177,596 205,570 1,216,519 1,216,519 100.00% 0.00% 0.00% 6.87% 100.00% 93.13% 91.23% 8.77% 152,153 4,563,754 10,021,565 313,553 878,798 5,985,372 79,354,602 92.46% 7.54% 313,553 878,798 5,985,372 107,577 107,577 1,152,981 90.67% 9.33% 152,153 4,250,201 9,142,767 73,369,230 1,045,404 21,250 3,193,407 383,375 383,375 3,576,782 89.28% 10.72% 13,008 17,799 1,134,348 8,405,120 96,352 246,800 4,232,402 8,008,419 64,465,155 949,052 2,946,607 88,399 2,266,405 10,118 2,276,523 167,905 167,905 2,444,428 93.13% 6.87% 29,496 498,955 67,743,702 721,535 389,750 68,854,987 5,032,267 5,032,267 73,887,254 93.19% 6.81% 162,359 640 162,999 12,028 12,028 175,027 93.13% 6.87%
Government Bonds
Corporate Bonds
Equity
Money Market
Mutual Fund
Bank Fixed Deposits
Total
OTHER INVESTMENTS
Corporate Bonds
Equity
Money Market
Mutual Fund
Gold ETF
Total
Grand Total
107
108
Equity Index Pension Fund-II Equity Equity Midcap Midcap Fund Pension Fund Equity Midcap Plus Fund Equity Plus Fund Equity Plus Pension Fund Group Asset Allocation Fund Group Debt Fund Group Equity Index Fund Group Growth Fund-I 5,379,381 141,471 5,520,852 400,770 400,770 5,921,622 93.23% 6.77% 24.84% 21.30% 21.04% 75.16% 78.70% 78.96% 1,640,224 148,549 2,321,066 13,979,344 91.48% 8.52% 407,459 31,648 488,239 1,191,101 35,501 1,693 27,095 114,493 885,748 87.07% 12.93% 371,958 29,955 461,144 1,191,101 114,493 189 189 2,246 91.59% 8.41% 1,232,765 116,901 1,832,827 12,788,243 771,255 2,057 132,350 562,395 562,395 100.00% 0.00% 20,711 4,348 99,031 1,785,342 20,508 720 9,859 1,212,054 112,553 1,733,796 11,002,901 750,747 1,337 302,018 117,730 34,878 12,914 2,050 49,842 2,905 2,905 52,747 94.49% 5.51% 438 485,602 485,602 485,602 100.00% 0.00%
Particulars
Government Bonds
Corporate Bonds
Equity
Money Market
Mutual Fund
Bank Fixed Deposits
Total
OTHER INVESTMENTS
Corporate Bonds
Equity
Money Market
Mutual Fund
Gold ETF
Total
Grand Total
Group Liquid Fund Group Short Term Debt Fund Growth Plus Fund-I Life Long Gain Fund Liquid Fund Liquid Pension Fund Max Gain Fund-I Premier Balanced Fund Premier Bond Fund Premier Debt Fund
Particulars
APPROVED INVESTMENTS 71,562 50,660 122,222 122,222 100.00% 0.00% 0.00% 0.00% 100.00% 100.00% 100.00% 0.00% 646,898 177,168 184,724 1,321,885 100.00% 0.00% 114,650 100.00% 0.00% 646,898 177,168 184,724 1,321,885 114,650 21,050 567,145 81,750 2,761,998 2,761,998 100.00% 0.00% 646,800 16,014 24,267 8,946 754,740 32,900 2,115,198 455,470 78,912 43,998 0.00% 0.00% 175,414 73,989 15,235 95,495 58,573 138,359 56,839 90,150 343,921 343,921 100.00% 0.00% 13,552 64,144 9,594 23,280 110,570 110,570 100.00% 0.00%
Government Bonds
Corporate Bonds
Equity
Money Market
Mutual Fund
Bank Fixed Deposits
Total
OTHER INVESTMENTS
Corporate Bonds
Equity
Money Market
Mutual Fund
Gold ETF
Total
Grand Total
109
110
Premier Premier Premier Premier Equity Equity Gain Equity Equity Index Fund Fund Growth Fund Fund Pure Equity Fund Pure Stock Fund Pure Stock Pension Fund Secure Fund Shield Plus Fund-I Stable Fund Total 414,476 1,798 416,274 30,705 30,705 446,979 93.13% 6.87% 10.83% 12.51% 6.87% 7.65% 89.17% 87.49% 93.13% 92.35% 715,965 2,161,226 1,529,918 1,108,181 77,567 270,372 105,050 84,817 245,883 3,541,226 93.06% 6.94% 6,907 80,690 91.44% 8.56% 77,567 270,372 105,050 84,817 245,883 6,907 12,067 12,067 563,662 97.86% 2.14% 638,398 1,890,854 1,424,868 1,023,364 3,295,343 73,783 551,595 124,900 2,096,702 2,096,702 100.00% 0.00% 9,461 9,088 6,879 78,671 488,080 55,488 572,534 628,937 1,881,766 1,417,989 944,693 2,807,263 73,783 74,766 147,983 866,432 133,297 241,502 435,366 51,707 800 152,850 15,161 657,736 18,660 2,816,020 6,356,488 16,136,670 27,988,659 2,154,200 5,162,500 1,026,420 1,350,842 257,479,888 53,704 53,704 19,054,938 120,399 19,175,337 1,404,546 276,655,225 96.18% 3.82% 93.07% 6.93% 449,957 195,838,931
Particulars
Government Bonds
Corporate Bonds
Equity
Money Market
Mutual Fund
Bank Fixed Deposits
Total
OTHER INVESTMENTS
Corporate Bonds
Equity
Money Market
Mutual Fund
Gold ETF
Total
Grand Total

Acc Mid Cap Fund 67,196 6,881 34,971 109,691 430 2,006 27 106,717 6,421 1,124 5,667 428 550,832 97 303 1,850 66 423 38,085 30,670 41 350,821 41,509 71 9 311 425,709 28,699 3 Acc Mid Cap Fund-II Acc Mid Cap Pension Fund Accelerated Fund Asset Asset Allocation Allocation Fund Pension Fund Balanced Fund Balanced Plus Fund Balanced Plus Pension Fund Bond Fund 177,660 105,445 505
Particulars
Accrued Interest
Bank Balances
Dividend Receivable
Margin Receivable
Total
218,739
40,008
40,616
807
1,434,079
76,726
71
283,610

Bond Pension Fund 29,314 21,381 88 5 2,254 133 265 9 4 Capital Guarantee Fund-2012 Capital Guarantee Fund-2014 Capital Guarantee Fund-2017 Capital Shield Fund-I 65,273 Capital Shield Fund-II 14,457 43 65 Cash Fund 19,747 4,231 1,005 Cash Plus Fund 11,600 7,004 1,113 Cash Plus Pension Fund 4,019 304 73 Debt Fund 36,503 2,207 113
Particulars
Accrued Interest
Bank Balances
Dividend Receivable
Margin Receivable
Total
50,783
2,259
133
278
65,273
14,565
24,983
19,717
4,396
38,823
111
112
Debt Plus Fund 44,164 16,940 126 16 260,480 3,797 11,948 228,968 1,254,287 25,350 126,235 36,639 152,531 2,822 9,532 701 2 86 376 10,581 196,140 164,414 689 8,159 15,219 571,502 437,435 62,158 7,654 635,274 4,592 482 27 Debt Plus Pension Fund Equity Fund Equity Gain Fund Equity Growth Fund Equity Equity Growth Growth Fund-II Pension Fund Equity Index Fund Equity Equity Index Index Fund-II Pension Fund 61,230 5,297 8,860 280,828 2,238,886 469,404 209,873 8,030 1,006,409 509
Particulars
Accrued Interest
Bank Balances
Dividend Receivable
Margin Receivable
Total

Equity Index Pension Fund-II 179,492 818 32,641 13,059 1,453 479 123 1,866 7,395 22,409 1,818 2,603 4,374 41,665 4 55,634 312,492 Equity Equity Midcap Midcap Fund Pension Fund Equity Midcap Plus Fund Equity Plus Fund Equity Plus Pension Fund 2,565 3,315 29,855 Group Asset Allocation Fund 3,869 8 Group Debt Fund 21,622 448,654 58 Group Equity Index Fund 50,049 4,719 88 Group Growth Fund-I 34,280 49 52
Particulars
Accrued Interest
Bank Balances
Dividend Receivable
Margin Receivable
Total
226,010
1,818
4,658
36,044
409,795
35,735
3,877
470,334
54,856
34,381

Group Liquid Fund 2,122 23,168 12 66 19 134 12 8,967 47 62,148 495 25,404 2,092 682,150 15,714 9,407 3,523 22,650 5,728 11,553 Group Short Term Debt Fund Growth Plus Fund-I Life Long Gain Fund Liquid Fund Liquid Pension Fund Max Gain Fund-I Premier Balanced Fund Premier Bond Fund Premier Debt Fund 4,368 -
Particulars
Accrued Interest
Bank Balances
Dividend Receivable
Margin Receivable
Total
25,302
15,827
71,574
4,018
48,188
7,832
691,117
11,553
4,368

Premier Premier Premier Premier Equity Equity Gain Equity Equity Index Fund Fund Growth Fund Fund 69 23,818 2,637 231 Pure Equity Fund 4,554 400 4,279 Pure Stock Fund 23,406 1,180 5,877 11,518 Pure Stock Pension Fund 20,997 121 292 Secure Fund 19,607 32,932 5,350 294 Shield Plus Fund-I 13,223 684,253 211 Stable Fund 46,608 554,896 19,288 1,469 Total
Particulars
Accrued Interest
1,075,105 5,276,221 23,964 541,608 2,727,502 595,603
Bank Balances
Dividend Receivable
Margin Receivable
Total
69
26,455
231
9,233
41,981
21,410
58,183
697,687
622,261
10,240,003
113
114
Acc Mid Cap Fund 177,600 14,860 30,297 222,757 1,447 8,720 25 36,957 2,165 118 729 25 36,957 2,165 1,329 7,991 4,367 4,367 Acc Mid Cap Fund-II Acc Mid Cap Pension Fund Accelerated Fund Asset Asset Allocation Allocation Fund Pension Fund Balanced Fund Balanced Plus Fund Balanced Plus Pension Fund Bond Fund
Particulars
Payable for purchase of Investments
Other Current Liabilities
Bank Balances
Appropriation / Expropriation (Liabilities)
Total

Bond Pension Fund 749 749 514 51 117 2,685 119 9 53 96 254 32 140 141 10 64 2,449 1,939 1,939 Capital Guarantee Fund-2012 Capital Guarantee Fund-2014 Capital Guarantee Fund-2017 Capital Shield Fund-I Capital Shield Fund-II Cash Fund 2,153 2,153 Cash Plus Fund 740 740 Cash Plus Pension Fund 47 47 Debt Fund 2,427 2,427
Particulars
Bank Balances
Total

Debt Plus Fund 835 835 105 105 9,663 10,248 19,911 Debt Plus Pension Fund Equity Fund Equity Gain Fund 141,815 26,116 32,888 200,819 Equity Growth Fund 484,994 128,802 613,796 Equity Equity Growth Growth Fund-II Pension Fund 12,088 964 13,052 31,787 4,456 36,243 Equity Index Fund 2,314 5,496 7,810 Equity Equity Index Index Fund-II Pension Fund 938,794 82,328 1,021,122 168 394 562
Particulars
Bank Balances
Total

Equity Index Pension Fund-II 144,873 6,408 151,281 9,591 2,757 42,627 249,180 15,207 2 5,317 482 7,533 45,969 2,947 544 4,274 212 3,260 20,088 1,294 2 544 2,063 31,834 183,123 10,966 18,514 11 18,525 Equity Equity Midcap Midcap Fund Pension Fund Equity Midcap Plus Fund Equity Plus Fund Equity Plus Pension Fund Group Asset Allocation Fund Group Debt Fund Group Equity Index Fund Group Growth Fund-I -
Particulars
Bank Balances
Total

Group Liquid Fund 82 82 553 153 410 19 1,158 553 153 391 1,158 106 106 Group Short Term Debt Fund Growth Plus Fund-I Life Long Gain Fund Liquid Fund Liquid Pension Fund Max Gain Fund-I 3,027 3,027 Premier Balanced Fund Premier Bond Fund 914 120 35 1,069 Premier Debt Fund 248 56 11 315
Particulars
Bank Balances
Total

Premier Premier Premier Premier Equity Equity Gain Equity Equity Index Fund Fund Growth Fund Fund 947 6 1,004 1,957 115 2,380 12,758 1,538 8,725 5,568 1,112 7,006 13,686 3,911 1,169 3,434 8,514 Pure Equity Fund 1,552 3,612 5,164 Pure Stock Fund 4,301 4,301 Pure Stock Pension Fund 100 100 Secure Fund 513 513 Shield Plus Fund-I 1,756 1,756 Stable Fund 1,623 1,623 Total
Particulars
2,196,496 390,225 3,004 159,349 2,749,074
Bank Balances
115
Total
116
Acc Mid Cap Fund 133,326 34 79,084 13,951 52,711 279,106 9,350 7,465 28 2,927,987 51,606 6,952 4,129 28 632,934 19,809 23 24 73,665 249 643 188 478,204 4,202 4 8 1,732 3,120 1,743,176 27,346 141,105 180 76,394 18,614 55,904 292,197 Acc Mid Cap Fund-II Acc Mid Cap Pension Fund Accelerated Fund Asset Asset Allocation Allocation Fund Pension Fund Balanced Fund Balanced Plus Fund Balanced Plus Pension Fund Bond Fund
Particulars
Surrender Charge
Switching Charge
Mortality Charge
Total

Bond Pension Fund 3,804 32 360 28 5,695 9,919 3,905 276 502 35 219 1,702 1,587 125 637 1,816 116 846 2,566 2,566 Capital Guarantee Fund-2012 Capital Guarantee Fund-2014 Capital Guarantee Fund-2017 Capital Shield Fund-I Capital Shield Fund-II 2,021 2,021 Cash Fund 43 11,647 3,914 4,247 19,851 Cash Plus Fund 3,405 226 6,498 984 2,324 13,437 Cash Plus Pension Fund 387 43 156 18 136 740 Debt Fund 232 12,162 2,631 4,548 19,573
Particulars
Surrender Charge
Switching Charge
Mortality Charge
Total

Debt Plus Fund 6,749 1,161 11,612 1,577 3,615 24,714 1,523 61,001 138,372 3,380,385 30,121 280 15,467 39,079 621,836 20,490 20,020 50,847 57 9,595 15,887 152,275 51 88 308 35,826 83,192 938,952 2,315 1,645 152 113 214 72 7 657 17,962 2,961 6,955 44,587 726 1,667,250 7,265 29,087 16,052 2,589,211 212 1,114,387 186,056 963,872 4,853,738 Debt Plus Pension Fund Equity Fund Equity Gain Fund Equity Growth Fund Equity Equity Growth Growth Fund-II Pension Fund Equity Index Fund Equity Equity Index Index Fund-II Pension Fund 948 59 369 103 393 1,872
Particulars
Surrender Charge
Switching Charge
Mortality Charge
Total

Equity Index Pension Fund-II 53,881 37 4,535 274 50,773 109,500 21,269 6,083 3,124 25 317 1,061 12,031 107 31 55 557 7,205 170 9,744 2,467 5,918 25,504 Equity Equity Midcap Midcap Fund Pension Fund Equity Midcap Plus Fund Equity Plus Fund 59,659 998 89,260 14,880 42,023 206,820 Equity Plus Pension Fund 4,397 221 1,033 230 2,254 8,135 Group Asset Allocation Fund 11 66 1 419 497 Group Debt Fund 1,279 1,279 Group Equity Index Fund 104 425 26 6,079 6,634 Group Growth Fund-I -
Particulars
Surrender Charge
Switching Charge
Mortality Charge
Total
117
118
Group Liquid Fund 158 158 546 982 1,432 155,127 1,225 155,975 546 276 552 51,575 654 96,263 12,609 3 239 91 880 31,252 22 11,405 47 5 23 1,518 1,265 4,781 615 59,644 541 48,068 1,975 1,279 11 577 480 2,347 Group Short Term Debt Fund Growth Plus Fund-I Life Long Gain Fund Liquid Fund Liquid Pension Fund Max Gain Fund-I Premier Balanced Fune Premier Bond Fund Premier Debt Fund
Particulars
Surrender Charge
Switching Charge
Mortality Charge
Total

Premier Premier Premier Premier Equity Equity Gain Equity Equity Index Fund Fund Growth Fund Fund 4,468 6 2,283 1,736 8,493 13,863 40,367 2,810 8,840 5,672 24,629 3,826 13,590 7,982 6 6 23 2 16,872 1,467 7,703 64,112 7,221 17,931 10,952 38,068 158,580 4 58,399 7,001 43,688 267,672 Pure Equity Fund Pure Stock Fund Pure Stock Pension Fund 336 23 2 1,221 1,582 Secure Fund 498 498 Shield Plus Fund-I 7,102 1,322 3,080 11,504 Stable Fund 806 806 Total
Particulars
6,860,061 5,094 3,145,698 525,099 2,829,750 13,365,702
Surrender Charge
Switching Charge
Mortality Charge
Total
Bajaj Allianz Life Insurance Company Ltd. I Appendix III Refer Schedule 16 Note 24
Appendix III Refer Schedule 16 Note 24
Schedules forming part of financial statements for year ended 31st March 2011 Disclosure for Unit Linked Business as per Unit Linked Disclosure Norms:
Performance of Fund: Refer Enclosure A I. Investment Management i) ii) iii) Activities outsourced: Nil Fees paid for various activities charged to Policyholders' account: Refer Enclosure B. Basis of Payment of Fees: Refer Enclosure B.
II. Related party transactions i) During the year details of payments and receipts made to/from related parties are as follows (Previous year: NIL); (Rs in 000)
Name of Related Party Bajaj Holding and Investments Ltd. Bajaj Auto Ltd. Bajaj Auto Finance Limited Issuer/Counterparty/Broker Counterparty Counterparty Issuer Type of transaction Sale Sale Purchase Amount 106,065 694,157 100,000
ii)
Company wise details of investments held in the promoter group along with its percentage to funds under management: As on 31st March 11 no investments is held in the promoter group (Previous year NIL)
III. Industry wise Disclosure of Investment : Refer Enclosure C. IV. Unclaimed redemption of Units : As on 31st March 11 there is no unclaimed redemption of units. V. Highest, Lowest and Closing NAV at the end of the year : Refer Enclosure D. VI. Expenses Charged to Fund (percentage basis): i) Annualized expense ratio to average daily assets of the Fund: Refer Enclosure E
VII. Ratio of Gross income to average daily net assets : Refer Enclosure F VIII.There are no doubtful debts on assets as on 31st March 11. IX. Disclosure of appreciation and/or depreciation in value of investments : Refer Enclosure G
119
Enclosure A : Performance of Fund (Absolute Growth %)

Fund Names Acc Mid Cap Fund Acc Mid Cap Fund II Acc Mid Cap Pension Fund Accelerated Fund Asset Allocation Fund Asset Allocation Pension Fund Assured Return Fund Balanced Fund Balanced Plus Fund Balanced Plus Pension Fund Blue Chip Equity Fund Bond Fund Bond Pension Fund Capital Guarantee Fund- 2012 Capital Guarantee Fund- 2014 Capital Guarantee Fund- 2017 Capital Shield-I Capital Shield-II Cash Fund Cash Plus Fund Cash Plus Pension Fund Debt Fund Debt Plus Fund Debt Plus Pension Fund Equity Fund Equity Gain Fund Equity Growth Fund Equity Growth Fund II Equity Growth Pension Fund Equity Index Fund Equity Index Fund - II Equity Index Pension Fund Equity Index Pension Fund - II Equity Midcap Fund Equity Midcap Pension Fund Equity Midcap Plus Fund Equity Plus Fund Equity Plus Pension Fund Group Asset Allocation Fund Group Debt Fund Group Equity Index Fund Group Growth Fund - I * Group Liquid Fund Group Short Term Debt Fund Growth Plus Fund I Growth Plus Fund II Growth Plus Fund III Life Long Gain Fund Liquid Fund Liquid Pension Fund Max Gain Fund I Max Gain Fund II Premier Balanced Fund Premier Bond Fund Premier Debt Fund Premier Equity Fund Premier Equity Gain Fund Premier Equity Growth Fund Premier Equity Index Fund Pure Equity Fund Pure Stock Fund Pure Stock Pension Fund Secure Fund Shield Plus Fund I Shield Plus Fund II Shield Plus Fund III Stable Fund * Fund closed on 30th March 2011 Date of Inception 24-Jul-06 6-Jan-10 24-Jul-06 18-Nov-04 28-Sep-07 28-Jan-08 27-Jan-11 15-Jan-04 23-Jul-04 18-Nov-04 26-Oct-10 10-Jul-06 24-Jul-06 11-Jan-07 11-Jan-07 11-Jan-07 24-Nov-08 24-Nov-08 15-Jan-04 23-Jul-04 18-Nov-04 15-Jan-04 23-Jul-04 18-Nov-04 15-Jan-04 23-Jul-04 24-Jul-06 6-Jan-10 24-Jul-06 23-Jul-04 24-Jul-06 18-Nov-04 24-Jul-06 9-Mar-05 9-Mar-05 9-Mar-05 23-Jul-04 18-Nov-04 26-Feb-10 26-Mar-08 22-Feb-10 7-Jul-09 3-Nov-08 28-Feb-09 14-Jan-10 10-May-10 26-Oct-10 23-Jul-04 10-Jul-06 24-Jul-06 17-Dec-09 14-Sep-10 17-Dec-05 21-Jul-06 17-Dec-05 17-Dec-05 17-Dec-05 24-Jul-06 24-Jul-06 17-Dec-05 21-Jul-06 17-Apr-08 15-Oct-04 13-Jan-10 10-May-10 11-Aug-10 15-Sep-04 Current Year 2010-11 (%) 6.69 8.37 5.70 15.44 8.20 7.04 1.84 8.11 9.41 9.81 (5.22) 6.66 6.78 5.51 7.06 9.74 5.70 8.55 5.56 7.12 7.62 5.98 7.45 7.65 9.73 10.20 12.72 16.38 16.46 11.11 10.78 11.79 10.80 2.06 6.96 6.18 10.19 16.70 20.02 7.92 9.60 7.35 9.01 5.45 (11.65) 7.47 4.17 6.87 7.16 9.49 5.07 7.28 4.63 4.93 9.77 14.26 15.34 9.14 7.61 7.44 7.56 9.39 7.37 5.78 3.42 7.78 2009-10 (%) 124.22 7.97 134.12 52.37 34.67 32.45 33.39 34.28 33.93 9.06 8.93 18.24 19.46 29.00 16.84 30.69 6.70 8.57 9.26 6.78 9.19 9.83 70.20 70.45 69.47 6.14 80.56 72.53 72.41 72.78 72.32 100.11 132.89 128.82 73.30 84.61 2.76 10.14 0.71 3.62 11.24 7.15 0.93 6.20 8.11 8.53 3.10 30.91 7.29 8.66 70.40 81.77 75.45 69.20 80.20 75.79 109.23 21.21 0.35 29.79 2008-09 (%) (41.27) (41.49) (2.42) (8.12) (8.37) (15.64) (12.56) (11.93) 13.22 14.26 (0.89) (3.64) (10.56) 4.59 3.98 9.12 10.73 10.77 11.45 13.99 13.26 (36.44) (30.48) (34.55) (34.41) (35.57) (35.59) (35.62) (35.64) (31.01) (29.05) (30.89) (29.76) (27.68) 12.59 5.17 0.18 11.20 10.38 10.57 (12.31) 10.62 11.68 (36.48) (28.62) (36.92) (36.82) (17.04) (17.88) (19.66) 3.69 1.48 Since Inception (%) 112.03 17.01 119.80 150.09 33.94 25.44 1.84 93.87 129.14 118.61 (5.22) 50.26 53.49 35.88 36.31 43.46 29.17 47.50 49.71 65.02 65.93 45.18 61.26 65.97 164.13 260.39 69.33 23.52 83.62 248.70 87.34 208.71 83.52 198.37 319.06 275.65 281.55 290.54 23.33 33.83 10.37 10.78 25.60 17.01 6.43 (11.65) 7.47 32.15 47.46 48.23 12.89 5.07 63.75 37.76 45.82 93.98 115.55 68.32 73.17 134.90 119.47 80.80 80.00 7.75 5.78 3.42 85.30
120
Enclosure B: Fees Charged to Policyholders' Account

Particulars Fund Fund Manage- Adminiment stration Expenses Expenses 2010-11 Service Policy Switching Mortality Rider Tax AdminiCharge Charge Premium stration Charge Charge 167,147 47,850 7,937 1,908,421 31,018 4,840 178,283 5,695 1,492 93 667 2,740 249 1 5,958 496 3 0 1,739,498 93,327 32,296 13,535 3,019,002 656 70,345 0 424 5,698 46,209 2,948 2,307 3,865 4,708 1,142 340 89,708 856 294,144 2,189 1,220 3,961 6,591 16,024 10,949 32,660 172,376 1,497 56,511 12,762 7,253 8,107,892 78 79,488 18,225 11 891 11 462,736 0 4,105 760 1,755 266 78,848 40 620 1,339 106 482 46 10,088 205 5,470 77 77 124 10,143 286 9,606 348 184 90 29,524 75 68,124 71 863,824 32,619 9 1,800 207 14,810 213 1,086,479 180 211 48 5,275 29 9,869 75 66 147 7,880 407 68,809 418 568 11,397 16,125 710 179 65 728 61 44,225 15 53 75,638 12,481 33 1,610 6 505 2 1,675 4 2,582 5 11,014 29 7,615 1 15,087 11 63,552 2 182 10,587 1,755 1,502 3,630 3,154,045 Fund Fund Manage- Adminiment stration Expenses Expenses

2009-10 Service Policy Switching Mortality Rider Tax Admini Charge Charge Premium stration Charge Charge 133,326 1,732 3,120 1,743,176 27,346 141,105 3,804 1,816 116 846 0 3,405 387 0 6,749 726 0 (0) 1,667,250 7,265 29,087 16,052 2,589,211 948 53,881 0 557 7,205 59,659 4,397 11 104 615 59,644 541 48,068 1,975 1,279 4,468 7,221 17,931 10,952 38,068 158,580 336 7,102 6,860,061 34 79,084 643 4 188 8 478,204 0 4,202 180 76,394 32 360 1,587 125 637 43 11,647 226 6,498 43 156 232 12,162 1,161 11,612 152 308 113 35,826 214 83,192 72 938,952 2,315 7 1,645 657 17,962 212 1,114,387 59 369 37 4,535 31 12,031 55 107 170 9,744 998 89,260 221 1,033 66 425 91 880 47 31,252 5 22 11,405 23 1,518 11 577 6 2,283 6 3,826 6 13,590 23 7,982 2 16,872 4 58,399 0 23 1,322 5,094 3,145,698 13,951 23 24 73,665 249 18,614 28 3,914 984 18 2,631 1,577 57 9,595 15,887 152,275 51 88 2,961 186,056 103 274 3,124 25 2,467 14,880 230 1 26 12,609 3 239 0 1,467 7,001 2 525,099
Acc Mid Cap Fund 172,918 Acc Mid Cap Fund II 11,024 Acc Mid Cap Pension Fund 13,800 Accelerated Fund 300 Asset Allocation Fund 468,051 Asset Allocation Pension Fund 31,473 Assured Return Fund 71 Balanced Fund Balanced Plus Fund Balanced Plus Pension Fund Blue Chip Equity Fund 2,566 Bond Fund 59,944 Bond Pension Fund 12,302 Capital Guarantee Fund- 2012 1,234 Capital Guarantee Fund- 2014 89 Capital Guarantee Fund- 2017 537 Capital Shield-I 27,107 Capital Shield-II 22,514 Cash Fund 9,157 Cash Plus Fund 7,962 Cash Plus Pension Fund 470 Debt Fund 9,986 Debt Plus Fund 8,918 Debt Plus Pension Fund 940 Equity Fund 41,378 Equity Gain Fund 135,927 Equity Growth Fund 1,464,242 Equity Growth Fund II 33,277 Equity Growth Pension Fund 55,235 Equity Index Fund 22,323 Equity Index Fund - II 1,053,710 Equity Index Pension Fund 1,611 Equity Index Pension Fund - II 86,693 Equity Midcap Fund 21,848 Equity Midcap Pension Fund 1,990 Equity Midcap Plus Fund 31,480 Equity Plus Fund 1,85,657 Equity Plus Pension Fund 12,200 Group Asset Allocation Fund 3,331 Group Debt Fund 5,272 Group Equity Index Fund 5,930 Group Growth Fund - I Group Liquid Fund 1,153 Group Short Term Debt Fund 6,585 Growth Plus Fund I 3,261 Growth Plus Fund II 665 Growth Plus Fund III 203 Life Long Gain Fund 1,896 Liquid Fund 16,633 Liquid Pension Fund 1,745 Max Gain Fund I 47,355 Max Gain Fund II 2,290 Premier Balanced Fund Premier Bond Fund 10,394 Premier Debt Fund 2,608 Premier Equity Fund 9,148 Premier Equity Gain Fund 15,009 Premier Equity Growth Fund 57,282 Premier Equity Index Fund 41,070 Pure Equity Fund 15,326 Pure Stock Fund 55,303 Pure Stock Pension Fund 2,281 Secure Fund 9,037 Shield Plus Fund I 38,938 Shield Plus Fund II 8,101 Shield Plus Fund III 4,622 Stable Fund 33,530 Total 4,407,904 Basis of Payment of Fees Fund Management Expenses Service Tax Policy Administration Charge Switching Charge Mortality Charge Rider Premium Charge % of NAV
32,166 8,496 3,061 34 196,687 7,003 87 466 23,944 2,602 307 23 123 2,792 2,319 11,447 3,451 2,126 100 12,482 3,548 2,850 218 51,722 13,348 113,273 33,823 306,520 17,861 8,086 5,044 357,229 264 15,200 18,207 5,380 233 4,449 28,787 1,456 2,045 670 4,251 204 936 540 107 28 2,370 519 16,285 351 9,471 24,405 458 1,519 1,284 349 1,213 1,978 7,423 5,260 4,140 19,256 729 1,023 6,580 1,350 626 3,792 219,429 1,196,944
14,781 120,660 580 157 88 6,315 276 67,891 318,940 236 16,476 34 85 18,223 38,429 38 5,792 1,549 107 704 24,915 19,620 3,155 11,038 750 8,905 13 600 2,095 12,849 1,276 9,915 43 1,265 7,858 46,157 13,028 151,735 143,496 1,136,884 780 1,223 101 46,348 2,345 25,024 170,413 678,839 78 1,923 322 48,049 2,588 23,748 16 2,141 1,993 34,609 11,458 220,651 14,749 168 76 2 12,415 483 10 1,538 5,299 197 2 1,799 12,259 9,515 5 799 1,249 4,430 8,783 2,800 10,147 16,295 54,589 0 36,494 1,193 15,570 6,972 42,862 30 546 4,837 0 2,247 29 7,827 486,235 3,269,592
52,711 6,952 4,129 28 632,934 19,809 55,904 5,695 502 35 219 2,566 2,021 13,798 4,247 2,324 136 16,062 4,548 3,620 280 57,696 15,467 126,447 39,079 621,836 20,490 20,030 6,955 963,872 393 50,773 19,790 6,083 317 5,918 42,023 2,254 419 1,279 6,079 158 546 276 2,249 552 51,575 654 886 96,263 1,265 480 1,736 2,810 8,840 5,672 7,703 43,688 1,221 498 3,080 806 236,926 2,829,750
Fund Administration Expenses % of NAV/Fixed Amount As per the applicable rates of Service Tax Charges applicable p.a. Expense per switch As per mortality table As per rider charges in the policy documents
121
Enclosure C : Summary of Industry Wise Disclosure of Investments

F.Y.2010-11 F.Y.2009-10 Amt in Rs. '000 Exposure (%) Amt in Rs. '000 Exposure (%) Banking Services Industry - Fixed Deposit and Certificate of Deposit 44,296,402 13.66 31,757,816 11.48 Banking Services Industry - Other than Fixed Deposit and Certificate of Deposit 51,139,026 15.77 43,016,392 15.55 Computer Software Industry 33,996,228 10.48 27,197,294 9.83 Others 194,915,869 60.09 174,683,725 63.14 Total 324,347,526 100.00 276,655,227 100.00 Note : - Industry Exposure does not include cash element Industry
Fundwise Industrywise Disclosure of Investments

F.Y.2010-11 Banking Services Computer Software Industry Industry Amt in Rs. Exposure Amt in Rs. Exposure '000 '000 (%) (%) 2,520,407 2.64 2.28 Acc Mid Cap Fund 776,788 447,631 0.47 0.39 Acc Mid Cap Fund II 132,871 405,655 0.43 0.22 Acc Mid Cap Pension Fund 74,804 10,855 0.01 0.00 Accelerated Fund 972 10,136,925 10.62 2,932,249 8.63 Asset Allocation Fund 1.15 0.39 Asset Allocation Pension Fund 1,096,375 132,605 Assured Return Fund 326,857 0.34 0.38 Blue Chip Equity Fund 130,453 4,222,196 4.42 Bond Fund 973,909 1.02 Bond Pension Fund 11,480 0.01 0.01 Capital Guarantee Fund- 2012 4,647 1,380 0.00 0.00 Capital Guarantee Fund- 2014 283 3,696 0.00 0.01 Capital Guarantee Fund- 2017 2,652 269,088 0.28 0.02 Capital Shield-I 5,568 6,113 0.01 Capital Shield-II 811,114 0.85 Cash Fund 965,088 1.01 Cash Plus Fund 49,756 0.05 Cash Plus Pension Fund 354,541 0.37 Debt Fund 682,071 0.71 Debt Plus Fund 79,055 0.08 Debt Plus Pension Fund 792,259 0.83 1.62 Equity Fund 551,682 2,597,158 2.72 1,122,476 3.30 Equity Gain Fund 26,818,249 28.10 8,413,417 24.75 Equity Growth Fund 1,287,275 1.35 0.99 Equity Growth Fund II 336,963 1,539,885 1.61 1.39 Equity Growth Pension Fund 472,036 426,943 0.45 0.88 Equity Index Fund 299,303 19,866,945 20.82 13,654,636 40.17 Equity Index Fund - II 29,040 0.03 0.06 Equity Index Pension Fund 20,821 1,649,925 1.73 1,115,760 3.28 Equity Index Pension Fund - II 377,111 0.40 0.24 Equity Midcap Fund 81,505 32,205 0.03 0.02 Equity Midcap Pension Fund 7,478 562,182 0.59 0.35 Equity Midcap Plus Fund 118,068 3,305,438 3.46 1,397,745 4.11 Equity Plus Fund 221,145 0.23 0.24 Equity Plus Pension Fund 82,530 510,238 0.53 0.18 Group Asset Allocation Fund 62,557 370,277 0.39 Group Debt Fund 281,294 0.29 0.57 Group Equity Index Fund 195,121 Group Growth Fund-I * 195,822 0.21 Group Liquid Fund 195,000 0.20 Group Short Term Debt Fund 40,197 0.04 Growth Plus Fund I 7,270 0.01 Growth Plus Fund II 9,661 0.01 0.02 Growth Plus Fund III 5,458 40,670 0.04 Life Long Gain Fund 2,083,658 2.18 Liquid Fund 245,909 0.26 Liquid Pension Fund 3,255,092 3.41 1.37 Max Gain Fund I 465,446 520,498 0.55 Max Gain Fund II 193,677 0.20 Premier Bond Fund 69,735 0.07 Premier Debt Fund 75,142 0.08 0.16 Premier Equity Fund 53,885 209,398 0.22 0.20 Premier Equity Gain Fund 68,360 631,316 0.66 0.63 Premier Equity Growth Fund 213,233 298,266 0.31 0.62 Premier Equity Index Fund 209,684 0.38 Pure Equity Fund 130,488 1.92 Pure Stock Fund 653,037 0.07 Pure Stock Pension Fund 24,311 363,435 0.38 0.05 Secure Fund 15,882 1,154,133 1.21 0.07 Shield Plus Fund I 24,886 315,416 0.33 0.02 Shield Plus Fund II 5,568 502,058 0.53 Shield Plus Fund III 987,315 1.03 Stable Fund 95,435,428 100.00 33,996,228 100.00 Total * Fund closed on 30th March 2011 Portolio Name Others Amt in Rs. Exposure '000 (%) 6,625,051 3.40 998,631 0.51 685,777 0.35 12,649 0.01 26,951,717 13.83 1,509,635 0.77 68,115 0.03 483,021 0.25 3,022,721 1.55 710,411 0.36 65,157 0.03 3,870 0.00 30,188 0.02 659,074 0.34 669,948 0.34 514,864 0.26 506,139 0.26 42,096 0.02 2,429,337 1.25 4,309,457 2.21 48,381,301 24.82 1,722,270 0.88 2,241,084 1.15 1,318,000 0.68 59,921,875 30.74 91,880 0.05 4,914,019 2.52 748,946 0.38 69,756 0.04 1,086,787 0.56 5,942,027 3.05 393,976 0.20 527,060 0.27 385,493 0.20 867,245 0.44 2,500 0.00 553,013 0.28 180,851 0.09 55,670 0.03 35,216 0.02 160,015 0.08 2,186,665 1.12 35,467 0.02 188,360 0.10 48,595 0.02 237,268 0.12 325,171 0.17 1,070,479 0.55 923,336 0.47 920,667 0.47 3,797,944 1.95 153,677 0.08 651,046 0.33 1,671,050 0.86 455,700 0.23 525,951 0.27 1,827,656 0.94 194,915,869 100.00 F.Y.2009-10 Banking Services Computer Software Industry Industry Amt in Rs. Exposure Amt in Rs. Exposure '000 '000 (%) (%) 2.47 3.13 1,849,077 851,496 0.03 0.04 24,256 11,086 0.17 0.20 124,697 54,838 0.01 0.01 3,975 1,430 13.78 1,181,575 4.34 10,307,196 1.01 0.25 754,360 68,954 2.49 1,859,882 0.44 329,183 0.01 0.01 5,555 3,999 0.00 0.00 1,325 307 0.01 0.01 4,996 3,527 0.26 0.19 197,817 51,420 0.01 5,755 1.32 987,467 1.47 1,101,925 0.08 59,211 0.53 398,761 0.59 438,402 0.05 34,258 1.10 2.12 820,180 577,832 4.29 1,079,648 3.97 3,205,318 32.63 9,140,135 33.61 24,402,241 0.43 0.49 322,756 133,716 1.22 1.20 913,535 325,368 0.59 1.14 439,784 309,419 18.13 9,252,556 34.02 13,557,414 0.04 0.08 31,418 22,166 1.55 2.70 1,160,105 735,046 0.25 0.57 156,214 190,647 0.02 0.05 18,039 14,098 0.41 0.80 309,834 217,037 6.12 1,458,341 5.36 4,573,695 0.25 0.33 189,215 89,702 0.00 0.00 925 255 0.17 127,058 0.03 0.02 19,350 4,845 0.16 122,222 0.02 16,014 0.03 24,267 0.05 35,043 1.77 1,321,885 0.15 114,650 2.83 2,115,198 0.20 147,625 0.06 43,011 0.11 0.21 80,375 56,586 0.20 0.26 146,881 70,961 0.70 1.24 526,787 335,946 0.37 0.71 193,590 275,705 0.64 174,720 1.90 515,873 0.04 11,140 0.26 0.04 193,697 12,205 0.77 572,534 0.36 0.30 268,703 81,261 100.00 27,197,294 100.00 74,774,208 Others Amt in Rs. Exposure '000 (%) 6,662,492 3.81 96,883 0.06 438,554 0.25 16,624 0.01 20,404,556 11.68 1,125,778 0.64 3,021,359 1.73 524,981 0.30 106,967 0.06 6,779 0.00 44,431 0.03 644,964 0.37 629,387 0.36 9,500 0.01 700,165 0.40 778,117 0.45 117,895 0.07 3,165,742 1.81 5,736,598 3.28 45,812,226 26.23 696,508 0.40 2,337,879 1.34 1,695,225 0.97 51,077,284 29.24 121,443 0.07 4,026,470 2.31 1,293,362 0.74 116,412 0.07 1,794,196 1.03 7,947,307 4.55 606,830 0.35 1,065 0.00 435,337 0.25 28,553 0.02 485,602 0.28 630,885 0.36 152,901 0.09 149,681 0.09 646,800 0.37 196,295 0.11 67,559 0.04 310,018 0.18 498,124 0.29 1,298,492 0.74 1,060,624 0.61 933,462 0.53 3,025,352 1.73 69,549 0.04 357,760 0.20 1,524,168 0.87 1,054,582 0.60 174,683,725 100.00
122
Banking Services- Exposure details - Scrip Wise

Instrument 10% HDFC Bank Ltd... - 13-Dec-2011 FD 10.25% Indian Overseas Bank FD (MD 27/02/2013) 10.35% State Bank Hyderabad FD (MD 14/03/2013) 10.36% Dena Bank FD (MD 30/03/2012) 10.40% State Bank of Hyderabad FD (MD 14/03/2013) 11.10% IDBI Bank Ltd (MD 26/09/2013) 6.75% State Bank of Bikaner and Jaipur FD (11/04/2011) 6.75% State Bank of Bikaner and Jaipur FD (12/04/2011) 6.75% State Bank of Bikaner and Jaipur FD (13/04/2011) 6.75% State Bank of Bikaner and Jaipur FD (14/04/2011) 6.75% State Bank of Bikaner and Jaipur FD (15/04/2011) 6.75% State Bank of Bikaner and Jaipur FD (18/04/2011) 6.75% State Bank of Bikaner and Jaipur FD (19/04/2011) 6.75% State Bank of Bikaner and Jaipur FD (20/04/2011) 6.75% State Bank of Bikaner and Jaipur FD (21/04/2011) 6.75% State Bank of Bikaner and Jaipur FD (22/04/2011) 7% State Bank of India FD (MD 09/06/2010) 7% State Bank of India Quarterly Comp FD (MD 08/04/2010) 7.0% HDFC Bank FD (MD 14/06/2011) 7.05% HDFC Bank FD (MD 13/06/2011) 7.20% Bank of India FD (MD 21/03/2011) 7.25% Bank of Baroda FD (MD 14/03/2011) 7.45% State Bank of India LT (MD 05/05/2015) 7.50% SYNDICATE BANK (MD 10/06/2010) FD 7.90% Corporation Bank LT (MD 24/03/2016) 8% Saraswat Co-op Bank FD (MD 28/04/2011) 8.0% Saraswat Bank FD(MD 29/04/2011) 8.25% Canara Bank FD (MD 17/10/2011) 8.25% State Bank of Hyderabad FD (MD 14/10/2013) 8.75% State Bank of India FD (MD 16/03/2020) 8.75% State Bank of India FD( MD 17/03/2020) 8.75% State Bank of India FD(MD 18/03/2020) 8.75% State Bank of India FD(MD 19/03/2020) 8.75% State Bank of India FD(MD 20/03/2020) 8.8% ST BK INDIA(MD 05/06/21)RSET050616 (Call 06/06/2016) 8.80% State Bank of Hyderabad (MD 29/04/2016) 8.85% State Bank of India Upper II (MD 4/10/2021) (call 4/10 8.95% Bank of Baroda (MD 15/05/2016) 8.97% SBI UT II (MD 13/09/2021)Call option (13/09/2016) 9.0% Canara Bank FD 02 Feb 2011 9.0% Canara Bank FD 05 July 2011 9.0% Canara Bank FD 07 June 2011 9.0% Canara Bank FD 08 March 2011 9.0% Canara Bank FD 10 May 2011 9.0% Canara Bank FD 12 April 2011 9.0% Canara Bank FD 18 Jan 2011 9.0% Canara Bank FD 19 July 2011 9.0% Canara Bank FD 21 June 2011 9.0% Canara Bank FD 22 Feb 2011 9.0% Canara Bank FD 22 March 2011 9.0% Canara Bank FD 24 May 2011 9.0% Canara Bank FD 26 April 2011 9.0% HDFC Bank FD 01 March 2011 9.0% HDFC Bank FD 03 March 2011 9.0% HDFC Bank FD 07 March 2011 9.0% HDFC Bank FD 09 March 2011 9.0% HDFC Bank FD 10 March 2011 9.0% HDFC Bank FD 11 March 2011 9.0% HDFC Bank FD 14 March 2011 9.0% HDFC Bank FD 15 March 2011 9.0% HDFC Bank FD 24 Feb 2011 F.Y. 2010-11 Amt in Rs. `000 49,900 250,000 500,000 250,000 250,000 51,536 9,500 9,500 9,500 9,500 9,500 9,500 9,500 9,500 9,500 9,500 F.Y. 2009-10 (%) Amt in Rs. `000 0.05 49,900 0.26 0.52 0.26 0.26 0.05 54,747 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 500,000 360,000 0.05 0.05 750,000 750,000 0.02 350,000 0.01 0.10 100,000 0.05 50,000 0.26 0.16 0.01 0.01 0.01 0.01 0.01 0.01 0.67 0.72 0.10 0.10 9,500 0.01 9,500 0.01 9,500 9,500 0.01 9,500 0.01 9,500 9,500 0.01 9,500 0.01 9,500 9,500 9,500 0.01 9,500 0.01 9,500 49,900 49,900 49,900 49,900 49,900 49,900 49,900 49,900 49,900 (%) 0.07 0.07 0.67 0.48 1.00 1.00 0.47 0.13 0.07 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07
49,900 49,900
18,802 11,474 100,000 50,000 250,000 150,000 9,500 9,500 9,500 9,500 9,500 9,813 637,906 687,865 98,658 98,778 9,500 9,500 9,500 9,500 9,500 9,500
9,500 9,500
123

Instrument 9.0% Indian Bank FD 02 Feb 2011 9.0% Indian Bank FD 05 July 2011 9.0% Indian Bank FD 07 June 2011 9.0% Indian Bank FD 08 March 2011 9.0% Indian Bank FD 10 May 2011 9.0% Indian Bank FD 12 April 2011 9.0% Indian Bank FD 18 Jan 2011 9.0% Indian Bank FD 19 July 2011 9.0% Indian Bank FD 21 June 2011 9.0% Indian Bank FD 22 Feb 2011 9.0% Indian Bank FD 22 March 2011 9.0% Indian Bank FD 24 May 2011 9.0% Indian Bank FD 26 April 2011 9.00% Bank of India Perpetual Call 09 Dec 2019 9.00% Canara Bank FD (MD 09/03/2020) 9.00% Canara Bank FD (MD 19/06/2020) 9.00% Canara Bank FD (MD 21/12/2020) 9.00% Punjab National Bank Perpetual Call 27 Nov 2019 9.02% Canara Bank FD (MD 05/11/2012) 9.05% State Bank of India Perpetual Call (MD 27/01/2020) 9.05% Syndicate Bank FD (MD 04/12/2012) 9.10% HDFC Bank (MD 05/09/2016) 9.10% SBM Perpetual Call 25 Nov 2019 9.10% State Bank of Hydrabad FD (19/06/2020) 9.10% State Bank of Hydrabad FD (MD 01/03/2019) 9.10% State Bank of Hydrabad FD (MD 09/03/2020) 9.10% State Bank of Hydrabad FD (MD 22/12/2020) 9.15% Canara Bank FD (MD 02/11/2020) 9.15% Canara Bank FD (MD 19/03/2020) 9.15% Canara Bank FD (MD 29/06/2020) 9.15% ICICI Bank FD ( MD 05/01/2021) 9.15% ICICI Bank FD (MD 09/03/2020) 9.15% ICICI Bank FD (MD 18/03/2019) 9.15% ICICI Bank FD (MD 22/06/2020) 9.25% IDBI OMNI BONDS Series XVIII (MD26/03/2014) 9.25% State Bank of Bikaner & Jaipur Quarterly Comp FD (MD 0 9.31% Syndicate Bank FD (MD 14/12/2015) 9.40% State Bank of Hyderabad FD (MD 05/01/2016) 9.5% State Bank of Bikaner - 10-Feb-2011 FD 9.50% Canara Bank FD (MD 01/03/2019) 9.50% State Bank of Bikaner and Jaipur FD (MD 01/07/2020) 9.50% State Bank of Bikaner and Jaipur FD (MD 01/12/2020) 9.50% State Bank of Bikaner and Jaipur FD (MD 02/11/2020) 9.50% State Bank of Bikaner and Jaipur FD (MD 03/02/2020) 9.50% State Bank of Hyderabad FD (MD 14/01/2016) 9.50% State Bank of India - 10-Dec-2013 FD 9.50% State Bank of India (Quarterly Comp) FD (MD 10/12/2013 9.50% Syndicate Bank FD (MD 04 Dec 2010) 9.65% Bank of India FD (MD 06/12/2012) 9.65% Canara Bank FD (MD 04/12/2012) 9.70% Canara Bank FD (MD 06/12/2012) 9.80% Bank of India FD (MD 30/01/2012) 9.98% ICICI Bank Perpetual Call 13 Sept 2016 Allahabad Bank - Equity Shares Allahabad Bank CD (MD 05/05/2011) Allahabad Bank CD (MD 07/01/2011) Allahabad Bank CD (MD 08/06/2011) Allahabad Bank CD (MD 15/04/2010) Allahabad Bank CD (MD 15/07/2010) Andhra Bank Ltd - Equity Shares Axis Bank CD (MD 08/03/2012) F.Y. 2010-11 Amt in Rs. `000 9,500 9,500 9,500 9,500 9,500 9,500 F.Y. 2009-10 (%) Amt in Rs. `000 9,500 0.01 9,500 0.01 9,500 9,500 0.01 9,500 0.01 9,500 9,500 0.01 9,500 0.01 9,500 9,500 9,500 0.01 9,500 0.01 9,500 0.10 101,050 0.08 0.02 0.10 0.10 100,926 0.52 0.12 202,735 0.58 0.10 101,682 0.06 0.07 0.28 0.11 0.05 0.21 0.05 0.14 0.26 0.06 0.06 0.21 202,975 0.01 9,000 0.37 0.52 250,000 0.07 0.07 0.04 0.07 0.28 0.26 250,000 0.26 550,000 0.52 0.52 0.26 1.05 0.05 52,234 2.61 723,004 1.04 478,316 0.26 997,878 985,470 2.47 1,598,672 0.24 (%) 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.14 0.13 0.27 0.14 0.27 0.01 0.33 0.33 0.74 0.07 0.97 0.64 1.33 1.32 2.14 -
9,500 9,500 99,107 80,000 20,000 100,000 98,983 500,000 119,254 550,000 99,778 60,000 65,000 270,000 105,000 50,000 200,000 50,000 130,000 250,000 60,000 60,000 198,540 9,000 350,000 500,000 70,000 70,000 40,000 70,000 270,000 250,000 250,000 500,000 500,000 250,000 1,000,000 50,853 2,489,265 991,275 245,439
2,352,756 228,274
124

Instrument Axis Bank CD (MD 17/02/2012) Axis Bank CD (MD 20/02/2012) Axis Bank CD (MD 21/04/2011) Axis Bank CD (MD 29/10/2010) Axis Bank Ltd CD (MD 12/01/2011) Axis Bank Ltd. - Equity Shares Bank of Baroda - Equity Shares Bank of Baroda CD (MD 02/02/2012) Bank of Baroda CD (MD 03/06/2011) Bank of Baroda CD (MD 19/12/2011) Bank of Baroda CD (MD 22/12/2010) Bank of Baroda CD (MD 23/09/2010) Bank of Baroda CD (MD 28/11/2011) Bank of Baroda CD (MD 29/06/2011) Bank of India CD (MD 04/03/2011) Bank of India CD (MD 05/01/2011) Bank of India CD (MD 07/04/2010) Bank of India CD (MD 08/11/2011) Bank of India CD (MD 16/09/2011) Bank of India CD (MD 18/03/2011) Bank of India CD (MD 19/12/2011) Bank of India CD (MD 27/02/2012) Canara Bank - Equity Shares Canara Bank CD (MD 03/09/2010) Canara Bank CD (MD 07/04/2010) Canara Bank CD (MD 08/06/2011) Canara Bank CD (MD 11/05/2011) Canara Bank CD (MD 20/08/2010) Canara Bank CD (MD 21/04/2010) Canara Bank CD (MD 23/11/2011) Canara Bank CD (MD 24/02/2011) Canara Bank CD (MD 25/03/2011) Canara Bank CD (MD 29/06/2011) Canara Bank CD (MD 30/06/2010) Central Bank of India CD (MD 15/06/2011) Central Bank of India CD (MD 26/03/2012) Corporate Debt Trust 2008 09 Sr 16 A1 Opt I PTC (MD 16/07/20 Corporation Bank - Equity Shares Corporation Bank CD (MD 01/06/2011) Corporation Bank CD (MD 03/09/2010) Corporation Bank CD (MD 06/03/2012) Corporation Bank CD (MD 06/07/2010) Corporation Bank CD (MD 09/04/2010) Corporation Bank CD (MD 17/01/2011) Corporation Bank CD (MD 20/08/2011) Corporation Bank CD (MD 21/02/2011) Corporation Bank CD (MD 22/04/2010) Development Credit Bank Ltd. - Equity Shares Federal Bank Ltd. - Equity Shares HDFC Bank - Equity Shares HDFC Bank CD (MD 08/06/2011) HDFC Bank CD (MD 25/04/2011) ICICI Bank CD (MD 26/04/2011) ICICI Bank Ltd. - Equity Shares IDBI Bank CD (MD 09/05/2011) IDBI Bank CD (MD 11/05/2011) IDBI Bank Ltd. - Equity Shares IDBI Ltd CD (MD 17/02/2011) IDBI Ltd CD (MD 21/01/2011) Indian Bank - Equity Shares Indian Bank CD (MD 12/09/2011) F.Y. 2010-11 Amt in Rs. `000 229,768 229,391 498,290 F.Y. 2009-10 (%) Amt in Rs. `000 0.24 0.24 0.52 964,342 476,650 2.98 4,242,842 0.29 488,639 0.48 0.52 0.24 480,884 975,969 0.50 1.29 471,444 1,434,118 249,813 1.00 1.01 705,509 0.98 0.48 35,482 976,618 749,390 0.51 0.26 245,159 249,254 0.25 376,809 1,176,313 0.52 197,676 0.51 0.24 124,068 1.21 1,100,035 0.26 244,048 0.24 493,930 549,308 238,550 1.27 471,816 249,224 187,200 3.01 871,577 6.11 10,121,513 1.03 0.78 0.78 16.14 11,620,799 0.52 0.52 190,466 236,141 476,277 0.00 39,465 0.25 (%) 1.29 0.64 5.67 0.65 0.64 1.31 0.63 1.92 0.33 0.94 0.05 1.31 1.00 0.33 0.33 0.50 1.57 0.26 0.17 1.47 0.33 0.66 0.73 0.32 0.63 0.33 0.25 1.17 13.54 15.54 0.25 0.32 0.64 0.05 -
2,842,487 278,437 461,976 491,842 233,068
472,776 1,227,839
952,632 965,255 937,203 458,004
491,408 247,559
234,757
492,307 490,485 227,283 1,151,413 247,419 228,566
1,215,175
2,867,866 5,831,830 982,201 746,858 746,820 15,402,054 495,102 496,784
4,655 241,738
125

Instrument Indian Overseas Bank CD (MD 05/03/2012) ING Vysya Bank Ltd. - Equity Shares Jammu & Kashmir Bank Ltd. - Equity Shares Karnataka Bank Ltd. - Equity Shares OBC CD (MD 22/08/2011) Oriental Bank of Commerce (MD 12/08/2011) Oriental Bank of Commerce CD (MD 05/03/2012) Oriental Bank of Commerce CD (MD 05/08/2010) Oriental Bank of Commerce CD (MD 07/01/2011) Oriental Bank of Commerce CD (MD 08/03/2012) Oriental Bank of Commerce CD (MD 15/03/2012) Oriental Bank of Commerce CD (MD 15/04/2010) Oriental Bank Of Commerce CD (MD 22/02/2012) Punjab National Bank - Equity Shares Punjab National Bank CD (MD 01/11/2011) Punjab National Bank CD (MD 06/06/2011) Punjab National Bank CD (MD 07/03/2012) Punjab National Bank CD (MD 15/07/2010) Punjab National Bank CD (MD 15/10/2010) Punjab National Bank CD (MD 16/01/2012) Punjab National Bank CD (MD 19/04/2010) Punjab National Bank CD (MD 28/11/2011) Punjab National Bank CD (MD 30/01/2012) State Bank Hyderabad CD (MD 04/11/2011) State Bank Of Bikaner & Jaipur (MD 24/06/2011) State Bank of Bikaner & Jaipur CD (MD 03/11/2011) State Bank Of Bikaner & Jaipur CD (MD 10/03/2011) State Bank of Bikaner & Jaipur CD (MD 15/07/2011) State Bank Of Bikaner & Jaipur CD (MD 28/10/2011) State Bank of Bikaner & Jaipur CD MD(04/01/2011) State Bank of Hyderabad CD (08/04/2010) State Bank of Hyderabad CD (MD 05/05/2011) State Bank of Hyderabad CD (MD 07/03/2012) State Bank of Hyderabad CD (MD 16/06/2010) State Bank of Hyderabad CD (MD 20/08/2010) State Bank of Hyderabad CD (MD 22/04/2010) State Bank of Hyderabad CD (MD 28/04/2011) State Bank of India - Equity Shares State Bank of India CD (MD 27/06/2011) State Bank of Mysore (MD 03/09/2010) State Bank of Mysore CD (MD 02/06/2010) State Bank of Mysore CD (MD 02/06/2011) State Bank of Mysore CD (MD 06/07/2011) State Bank of Mysore CD (MD 16/09/2011) State Bank of Mysore CD (MD 17/08/2011) State Bank of Mysore CD (MD 27/04/2010) State Bank of Mysore CD (MD 27/10/2011) State Bank of Patiala CD (03/09/2010) State Bank of Patiala CD (MD 02/06/2011) State Bank of Patiala CD (MD 05/08/2011) State Bank of Patiala CD (MD 10/06/2011) State Bank of Patiala CD (MD 11/08/2011) State Bank of Patiala CD (MD 14/07/2011) State Bank of Patiala CD (MD 15/11/2010) State Bank of Patiala CD (MD 20/08/2010) State Bank of Patiala CD (MD 21/05/2010) State Bank of Patiala CD (MD 24/11/2011) State Bank of Travancore CD (MD 03/06/2011) State Bank of Travancore CD (MD 06/05/2010) State Bank of Travancore CD (MD 07/02/2012) State Bank of Travancore CD (MD 07/04/2010) F.Y. 2010-11 Amt in Rs. `000 914,418 385,941 465,327 242,924 487,076 228,572 F.Y. 2009-10 (%) Amt in Rs. `000 0.96 0.40 332,146 0.49 37,582 316,384 0.25 0.51 0.24 491,447 717,565 0.24 0.24 499,066 0.24 5.40 2,075,082 1.00 0.26 0.24 443,432 483,536 0.97 249,424 0.74 0.48 0.50 0.26 0.25 235,710 0.25 1.00 955,667 499,515 0.52 0.48 247,671 490,680 498,552 0.68 5.08 8,078,146 0.62 1,465,162 248,076 0.26 0.36 0.25 1.27 249,191 0.50 244,122 0.26 0.77 0.51 0.25 0.51 241,773 979,215 248,379 0.25 0.73 248,945 0.48 999,180 (%) 0.44 0.05 0.42 0.66 0.96 0.67 2.78 0.59 0.65 0.33 0.32 1.28 0.67 0.33 0.66 0.67 10.80 1.96 0.33 0.33 0.33 0.32 1.31 0.33 0.33 1.34
228,689 228,388 229,576 5,150,601 954,112 245,826 228,506
929,036 709,136 462,692 476,856 244,680 238,363 242,998 955,234
495,620 457,052
647,066 4,844,985 590,020
246,919 344,010 241,539 1,215,938 477,727 247,411 731,721 491,116 242,868 490,688
236,674 691,951 461,604
126

Instrument State Bank of Travancore CD (MD 08/11/2011) State Bank of Travancore CD (MD 16/08/2010) State Bank of Travancore CD (MD 21/11/2011) State Bank of Travancore CD (MD 29/08/2011) State Bank of Travancore CD MD(27/12/2010) Syndicate Bank CD (MD 06/06/2011) Union Bank CD (MD 28/11/2011) UNION BANK OF INDIA CD (MD 16/12/2010) Union Bank of India CD (MD 22/03/2012) United Bank of India - Equity Shares Dhanalakshmi Bank Ltd. - Equity Shares Kotak Mahindra Bank Limited - Equity Shares Syndicate Bank Ltd. - Equity Shares Union Bank of India Ltd. - Equity Shares Vijaya Bank - Equity Shares YES BANK LIMITED - Equity Shares Total F.Y. 2010-11 Amt in Rs. `000 238,150 948,280 485,155 245,558 236,507 455,051 113,200 1,067,116 806,407 1,776,514 169,229 857,592 95,435,428 F.Y. 2009-10 (%) Amt in Rs. `000 0.25 245,374 0.99 0.51 720,556 0.26 0.25 239,672 0.48 16,939 0.12 1.12 0.84 1.86 0.18 0.90 100 74,774,208 (%) 0.33 0.96 0.32 0.02 100
Computer Software Industry- Exposure details - Scrip Wise

Instrument HCL Technologies Limited Infosys Technologies Limited KPIT Cummins Infosystems Limited Mastek Limited Mindtree Limited MPHASIS Limited Oracle Financial Services Software Limited Patni Computer Systems Limited Sasken Communication Technologies Limited Tata Consultancy Services Limited Tech Mahindra Limited Wipro Limited Total F.Y. 2010-11 Amt in Rs. `000 831,593 19,847,783 213,114 775,008 1,216,975 143,591 376,096 206,706 4,054,933 202,845 6,127,585 33,996,228 2.45 58.38 0.63 2.28 3.58 0.42 1.11 0.61 11.93 0.60 18.02 100 F.Y. 2009-10 (%) Amt in Rs. `000 438,260 16,061,399 146,561 650,043 1,138,163 483,468 422,517 226,286 2,769,856 4,860,740 27,197,294 (%) 1.61 59.06 0.54 2.39 4.18 1.78 1.55 0.83 10.18 17.87 100
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Enclosure D: Highest, Lowest and Closing NAV For the year 2010-11
Fund Name Closing NAV 31-March-2011 (Rs.) 21.2028 11.7007 21.9797 25.0091 13.3938 12.5437 10.1836 19.3874 22.9136 21.8613 9.4784 15.0257 15.3485 13.5877 13.6313 14.3456 12.9166 14.7503 14.9710 16.5021 16.5931 14.5179 16.1257 16.5966 26.4128 36.0391 16.9330 12.3523 18.3619 34.8696 18.7337 30.8706 18.3516 29.8374 41.9058 37.5650 38.1547 39.0536 12.3330 13.3827 11.0373 12.5595 11.7012 10.6429 8.8351 10.7473 13.2145 14.7455 14.8234 11.2890 10.5066 16.3751 13.7763 14.5816 19.3984 21.5546 16.8319 17.3169 23.4897 21.9468 18.0799 17.9999 10.7747 10.5775 10.3418 18.5302 F.Y.2010-11 Lowest NAV (Rs.) 19.4516 10.4728 20.2269 21.4528 12.1865 11.5688 9.9747 17.1805 20.1758 19.2491 8.6043 14.0910 14.3766 12.6780 12.7137 12.6574 12.2125 12.9864 14.1849 15.4079 15.4208 13.7005 15.0107 15.4209 21.9943 30.4914 14.2240 10.1861 15.1803 28.7342 15.4768 25.4061 15.1578 27.4659 38.4563 34.5497 32.3044 32.2586 10.2856 12.4028 9.1335 10.3645 11.7012 10.7313 10.0941 8.5770 9.9308 12.6894 13.8003 13.8358 10.1742 10.0000 14.7593 13.1696 13.9024 16.1471 18.0215 14.1647 14.4843 20.4917 19.2515 15.9784 16.4545 9.9952 10.0000 10.0000 17.0386 Highest NAV (Rs.) 24.1032 12.9335 25.0939 25.6948 13.4465 12.6280 10.2272 20.2839 23.7404 22.5969 10.3101 15.0257 15.3485 13.8212 13.7836 14.6975 12.9166 15.8260 14.9710 16.5021 16.5931 14.5179 16.1257 16.5966 28.7321 38.8942 17.9900 12.8643 19.1200 37.7630 20.2960 33.4018 19.8169 34.4415 47.7865 43.1630 40.6522 40.8122 12.3330 13.3827 11.9476 11.0777 12.5595 11.7012 10.6429 10.1156 10.7473 13.2147 14.7455 14.8234 11.5229 10.5066 16.9910 13.7763 14.5816 21.0912 22.7678 17.7875 18.8681 24.8018 23.2085 19.6597 17.9999 10.7747 10.5775 10.3418 18.8599 Closing NAV 31-March-2010 (Rs.) 19.8728 10.7965 20.7948 21.6640 12.3790 11.7189 17.9326 20.9423 19.9089 14.0877 14.3738 12.8786 12.7328 13.0718 12.2205 13.5891 14.1831 15.4053 15.4178 13.6983 15.0075 15.4174 24.0703 32.7022 15.0222 10.6140 15.7662 31.3829 16.9101 27.6140 16.5621 29.2346 39.1797 35.3779 34.6266 33.4647 10.2755 12.4009 10.0705 10.3622 11.6993 10.7344 10.0930 12.6850 13.7982 13.8333 10.3104 15.2643 13.1673 13.8971 17.6717 18.8639 14.5936 15.8663 21.8294 20.4267 16.8094 16.4545 10.0348 17.1921 F.Y.2009-10 Lowest NAV (Rs.) 8.8760 9.8617 8.8950 14.2750 9.2310 8.8880 13.5420 15.7110 14.9730 12.9580 13.2440 10.9340 10.7190 10.2100 10.4810 10.4140 13.2960 14.1930 14.1140 12.8710 13.7970 14.0900 14.3240 19.3300 8.9550 9.8005 8.8190 18.4250 9.9310 16.1900 9.7300 14.6350 16.8530 15.4900 20.1330 18.2630 10.0000 11.2870 10.0000 9.8660 10.5190 9.9850 10.0000 11.9960 12.7660 12.7490 10.0000 11.7440 12.3170 12.8400 10.5050 10.4570 8.4040 9.4960 12.1790 11.6820 8.0700 13.6180 9.9335 13.2910 Highest NAV (Rs.) 20.0552 10.7965 20.7948 21.6640 12.4205 11.7385 18.0254 21.0303 19.9921 14.0877 14.3738 12.9109 12.7587 13.1160 12.2205 13.6994 14.1831 15.4053 15.4178 13.6983 15.0075 15.4174 24.3322 32.8577 15.1432 10.6733 15.7662 31.7043 17.0834 27.8958 16.7312 29.8460 39.1910 35.3899 34.8222 33.4647 10.2755 12.4009 10.1574 10.3622 11.6993 10.7344 10.0930 12.7004 13.7982 13.8333 10.3104 15.3162 13.1673 13.8971 17.8641 18.8639 14.7347 16.1324 22.1302 20.7083 16.8094 16.4545 10.0579 17.1921
Acc Mid Cap Fund Acc Mid Cap Fund II Acc Mid Cap Pension Fund Accelerated Fund Asset Allocation Fund Asset Allocation Pension Fund Assured Return Fund Balanced Fund Balanced Plus Fund Balanced Plus Pension Fund Blue Chip Equity Fund Bond Fund Bond Pension Fund Capital Guarantee Fund- 2012 Capital Guarantee Fund- 2014 Capital Guarantee Fund- 2017 Capital Shield-I Capital Shield-II Cash Fund Cash Plus Fund Cash Plus Pension Fund Debt Fund Debt Plus Fund Debt Plus Pension Fund Equity Fund Equity Gain Fund Equity Growth Fund Equity Growth Fund II Equity Growth Pension Fund Equity Index Fund Equity Index Fund - II Equity Index Pension Fund Equity Index Pension Fund - II Equity Midcap Fund Equity Midcap Pension Fund Equity Midcap Plus Fund Equity Plus Fund Equity Plus Pension Fund Group Asset Allocation Fund Group Debt Fund Group Equity Index Fund Group Growth Fund - I * Group Liquid Fund Group Short Term Debt Fund Growth Plus Fund I Growth Plus Fund II Growth Plus Fund III Life Long Gain Fund Liquid Fund Liquid Pension Fund Max Gain Fund I Max Gain Fund II Premier Balanced Fund Premier Bond Fund Premier Debt Fund Premier Equity Fund Premier Equity Gain Fund Premier Equity Growth Fund Premier Equity Index Fund Pure Equity Fund Pure Stock Fund Pure Stock Pension Fund Secure Fund Shield Plus Fund I Shield Plus Fund II Shield Plus Fund III Stable Fund * Fund closed on 30th March 2011
128
Enclosure E : Annualised Expense Ratio to Average Daily Assets of the Fund

Fund Names Acc Mid Cap Fund Acc Mid Cap Fund II Acc Mid Cap Pension Fund Accelerated Fund Asset Allocation Fund Asset Allocation Pension Fund Assured Return Fund Blue Chip Equity Fund Bond Fund Bond Pension Fund Capital Guarantee Fund- 2012 Capital Guarantee Fund- 2014 Capital Guarantee Fund- 2017 Capital Shield-I Capital Shield-II Cash Fund Cash Plus Fund Cash Plus Pension Fund Debt Fund Debt Plus Fund Debt Plus Pension Fund Equity Fund Equity Gain Fund Equity Growth Fund Equity Growth Fund II Equity Growth Pension Fund Equity Index Fund Equity Index Fund - II Equity Index Pension Fund Equity Index Pension Fund - II Equity Midcap Fund Equity Midcap Pension Fund Equity Midcap Plus Fund Equity Plus Fund Equity Plus Pension Fund Group Asset Allocation Fund Group Debt Fund Group Equity Index Fund Group Growth Fund-I Group Liquid Fund Group Short Term Debt Fund Growth Plus Fund I Growth Plus Fund II Growth Plus Fund III Life Long Gain Fund Liquid Fund Liquid Pension Fund Max Gain Fund I Max Gain Fund II Premier Bond Fund Premier Debt Fund Premier Equity Fund Premier Equity Gain Fund Premier Equity Growth Fund Premier Equity Index Fund Pure Equity Fund Pure Stock Fund Pure Stock Pension Fund Secure Fund Shield Plus Fund I Shield Plus Fund II Shield Plus Fund III Stable Fund Expense Ratio (%) F.Y.2010-11 F.Y.2009-10 1.93 1.93 1.49 1.49 1.49 1.78 1.34 1.32 1.39 1.38 1.39 1.38 1.39 NA 1.39 NA 1.09 1.05 1.10 1.05 1.39 1.38 1.39 1.38 1.39 1.38 3.03 3.03 3.58 3.58 2.48 2.48 0.82 0.77 0.82 0.77 2.50 2.48 0.77 0.84 0.84 0.77 2.48 2.48 3.03 3.03 1.93 1.93 1.49 1.49 1.49 1.80 1.13 1.10 1.39 1.38 1.13 1.10 1.39 1.38 3.03 3.03 1.65 1.65 1.65 1.65 1.65 1.65 1.65 1.65 1.39 1.38 1.14 1.10 1.65 1.65 0.00 0.82 0.77 1.03 0.99 1.49 1.49 1.49 NA 1.49 NA 2.48 2.48 1.08 1.05 1.08 1.05 1.65 1.65 NA 1.65 3.03 3.03 2.48 2.48 2.48 2.48 2.48 2.48 3.03 3.03 3.03 3.03 1.65 1.65 1.49 1.80 1.49 1.72 1.34 1.32 1.49 1.49 1.49 NA 1.49 NA 1.34 1.32
Enclosure F : Ratio of Gross Income to Average Daily Assets of the Fund.

Fund Names Acc Mid Cap Fund Acc Mid Cap Fund II Acc Mid Cap Pension Fund Accelerated Fund Asset Allocation Fund Asset Allocation Pension Fund Assured Return Fund Blue Chip Equity Fund Bond Fund Bond Pension Fund Capital Guarantee Fund- 2012 Capital Guarantee Fund- 2014 Capital Guarantee Fund- 2017 Capital Shield-I Capital Shield-II Cash Fund Cash Plus Fund Cash Plus Pension Fund Debt Fund Debt Plus Fund Debt Plus Pension Fund Equity Fund Equity Gain Fund Equity Growth Fund Equity Growth Fund II Equity Growth Pension Fund Equity Index Fund Equity Index Fund - II Equity Index Pension Fund Equity Index Pension Fund - II Equity Midcap Fund Equity Midcap Pension Fund Equity Midcap Plus Fund Equity Plus Fund Equity Plus Pension Fund Group Asset Allocation Fund Group Debt Fund Group Equity Index Fund Group Growth Fund-I Group Liquid Fund Group Short Term Debt Fund Growth Plus Fund I Growth Plus Fund II Growth Plus Fund III Life Long Gain Fund Liquid Fund Liquid Pension Fund Max Gain Fund I Max Gain Fund II Premier Bond Fund Premier Debt Fund Premier Equity Fund Premier Equity Gain Fund Premier Equity Growth Fund Premier Equity Index Fund Pure Equity Fund Pure Stock Fund Pure Stock Pension Fund Secure Fund Shield Plus Fund I Shield Plus Fund II Shield Plus Fund III Stable Fund Income Ratio (%) F.Y.2010-11 F.Y.2009-10 8.20 70.52 2.94 12.61 4.91 71.68 15.48 42.27 9.19 27.66 8.00 23.86 1.77 0.00 (0.30) 0.00 7.47 9.67 7.68 9.36 6.89 17.86 8.22 18.78 10.69 25.72 8.55 18.33 11.57 28.82 7.75 9.02 7.75 9.11 8.24 9.75 7.99 9.13 8.00 9.83 8.35 9.99 12.44 51.72 13.52 53.12 14.14 45.66 15.79 9.17 16.74 51.71 12.34 51.82 11.66 44.47 12.19 51.08 11.98 42.28 6.98 66.92 9.81 80.02 9.81 80.39 11.86 53.91 17.23 60.08 14.54 2.78 10.57 9.45 9.30 -3.86 6.68 3.73 7.98 10.86 9.55 5.80 6.81 1.30 (14.74) 0.00 10.51 0.00 6.13 8.62 7.79 8.62 8.08 8.83 11.59 1.65 3.98 0.00 7.47 9.96 7.27 11.02 12.55 52.33 16.75 59.09 17.93 53.65 12.13 47.23 9.40 56.00 8.58 49.51 7.96 52.45 10.23 20.65 8.63 1.53 6.71 0.00 4.72 0.00 8.81 26.17
129
130
Bond Pension Fund 2,712 (2,875) (162) (162) 738 (230) 8,415 8,923 (37) (37) 8,887 Capital Guarantee Fund- 2012 Acc Acc Mid Cap Mid Cap Fund II Pension Fund (3,504) (3,504) (14,127) (14,127) (17,631) (18,726) (18,726) 12,723 151 151 1,131 2,143 14,790 16,933 1,599,021 832 832 69,099 140 1,617 1,617 (3,358) (28,525) 31,449 31,449 (42) (135) 1,157 980 (31,711) (95,609) (275,053) 1,984,462 1,582,088 (1,335) (5,126) (20,971) 95,699 68,268 140 140 (4,975) (4,975) (19,713) (8,812) (28,525) Accelerated Fund Asset Asset Allocation Allocation Fund Pension Fund Assured Return Fund Blue Chip Equity Fund Bond Fund
Enclosure G : Fundwise and Classwise Appreciation/(Depreciation) in value of Investments for the year 2010-2011
Particulars
Acc Mid Cap Fund
Approved Investments Government Bonds Corporate Bonds Infrastructure Bonds Equity Money Market Mutual Fund Deposit with Banks Total(A) Other Investments Corporate Bonds Infrastructure Bonds Equity Mutual Fund Total(B) Total(A+B)
672,572 672,572
(159,532) (159,532) 513,040
Note :- The above appreciation/depreciation is the difference between market value and book cost as at 31st March 2011.

Capital Guarantee Fund- 2017 329 (153) 5,160 5,335 (3,406) (9,075) 8,063 (4,418) 227 227 (4,190) 231,038 12 12 5,347 231,507 (469) 231,038 Capital Shield-I Capital Shield-II Cash Fund Cash Plus Fund Cash Plus Pension Fund Debt Fund Debt Plus Fund 1,391 197 1,588 1,588 (896) 505 (391) (391) Debt Plus Pension Fund (34) (48) (82) (82) Equity Fund
Particulars
Capital Guarantee Fund- 2014
(101) 566 466
1,387,206 1,387,206 57,558 57,558 1,444,764
1 1 467
Equity Midcap Plus Fund 136,827 136,827 9,111 9,111 (21,773) (21,773) 47,767 (1,886) (1,886) 7,224 (29,883) (29,883) 106,944 Equity Growth Fund 10,192,079 10,192,079 639,891 639,891 19,529 19,529 659,420 267,044 267,044 21,679,841 1,147 1,147 41,553 14,667 14,667 1,482,060 40,405 40,405 694,921 694,921 10,887,000 30,524 30,524 125,079 39,868 39,868 320,314 94,555 94,555 280,447 280,447 21,412,797 21,412,797 1,467,393 1,467,393 69,540 69,540 Equity Equity Growth Growth Fund II Pension Fund Equity Index Fund Equity Index Fund - II Equity Index Pension Fund Equity Index Pension Fund - II Equity Equity Midcap Midcap Fund Pension Fund
Particulars
Equity Gain Fund
1,108,140 1,108,140
(63,258) (63,258) 1,044,883

Equity Plus Pension Fund 54,688 54,688 907 (221) 687 687 2,187 2,187 33,284 7,011 7,011 61,699 5,899 5,899 45,360 6 (55) 19 39,491 39,461 31,097 31,097 Group Asset Allocation Fund Group Debt Fund Group Equity Index Fund Group Growth Fund - I Group Liquid Fund Group Short Term Debt Fund 767 (2,010) (9,938) (11,181) (11,181) Growth Plus Fund I 21 (2,911) (2,890) (2,890) Growth Growth Plus Plus Fund III Fund II (8,950) (8,950) (8,950) 1 2,402 2,403 504 504 2,907
Particulars
Equity Plus Fund
1,694,189 1,694,189
(11,462) (11,462) 1,682,727
131
132
Liquid Fund Liquid Pension Fund (348) (468) (815) (815) 4,260 4,260 120,424 5,224 5,224 46,663 2,026 2,026 124,301 116,164 116,164 122,274 122,274 13,912 13,912 288,473 (2,726) 274,562 274,562 521 (3,247) (2,726) 41,440 41,440 363,333 363,333 2,789 2,789 366,122 Max Gain Fund I Max Gain Fund II Premier Bond Fund Premier Debt Fund Premier Equity Fund Premier Premier Premier Equity Gain Equity Equity Index Fund Growth Fund Fund Pure Stock Fund 559,069 559,069 3,117 3,117 562,186 174 174 18,265 2,076 2,076 11,851 18,091 18,091 291 (3,924) (2,805) 16,212 9,775 (194) (160) (15,999) 18,486 2,133 4,060 4,060 6,193 Pure Stock Pension Fund Secure Fund Shield Plus Fund I Shield Plus Fund II 12 (48) (5,579) 3,637 (1,979) 904 904 (1,074) Shield Plus Fund III 459 (698) (1,853) (2,093) (2,093)
Particulars
Life Long Gain Fund
(148) (213) (852) (1,213)
(1,213)
Note :- The above appreciation / depreciation is the difference between market value and book cost as at 31st March 2011.
Particulars
Pure Equity Fund
(Amount in Rs. '000) Stable Grand Fund Total
124,824 124,824
(11) (13,535) (11,210) 81,041 56,286 11,696 11,696 67,982
(30,759) 82,064 (371,953) 43,198,456 42,877,808 2,143 886,906 889,050 43,766,858
(1,137) (1,137) 123,687
Capital Guarantee Fund- 2017 531 (270) 228 5,617 6,106 (264) (264) 9,443 8,264 (17) (17) 596 (172) (172) 5,934 Acc Mid Cap Fund II Acc Mid Cap Pension Fund 123,229 123,229 17,002 202 17,203 140,432 124 124 1,642 (1,996) (1,996) 115,615 (45,660) (45,660) 2,205,484 29,711 (18) 54 123 1,359 1,518 2,246 (525) 115,889 117,610 4,514 3,750 8,264 (44,571) (54,781) 90,353 2,260,143 2,251,144 9,029 20,682 29,711 1,577 2,230 376 5,523 9,707 (36) 138 511 613 Accelerated Fund Asset Asset Allocation Allocation Fund Pension Fund Bond Fund Bond Pension Fund Capital Guarantee Fund- 2012 Capital Guarantee Fund- 2014
Particulars
Acc Mid Cap Fund
Approved Investments Government Bonds Corporate Bonds Infrastructure Bonds Equity Money Market Mutual Fund Deposit with Banks Total(A) Other Investments Corporate Bonds Infrastructure Bonds Equity Mutual Fund Total(B) Total(A+B) 5,387 5,387 704 704 6,090
1,990,988 1,990,988
285,506 3,422 288,927 2,279,915

Capital Shield Fund-II 166,261 324 166,585 166,585 8,459 17,175 25,634 25,634 Cash Fund Cash Plus Fund Cash Plus Pension Fund Debt Fund Debt Plus Fund 11,994 4,251 16,245 16,245 Debt Plus Pension Fund 1,216 658 1,874 1,874 Equity Fund Equity Gain Fund 1,414,393 1,414,393 49,732 49,732 1,464,125 1,810,400 1,810,400 (46,789) (46,789) 1,763,611 Equity Growth Fund 14,721,227 14,721,227 (463,526) (463,526) 14,257,702
Particulars
Capital Shield Fund-I
4,361 4,894 35,532 44,788
(548) (548) 44,240
133
134
Equity Plus Fund 2,436,360 2,436,360 (76,068) (76,068) 2,360,291 114,263 0 114,263 2,758 2,758 117,021 Equity Plus Pension Fund Equity Index Fund 598,468 598,468 10,893 10,893 609,361 68,780 68,780 14,650,683 914 914 46,842 (975) (975) 901,563 111,034 4,486 115,520 472,637 4,957 110 5,068 43,535 75,573 1,607 77,180 654,833 14,581,903 14,581,903 45,928 45,928 902,539 902,539 357,117 357,117 38,467 38,467 577,653 577,653 Equity Index Fund - II Equity Index Pension Fund Equity Index Pension Fund - II Equity Equity Midcap Midcap Pension Fund Fund Equity Midcap Plus Fund 436,531 436,531 (4,825) (4,825) 431,706
Particulars
Equity Equity Growth Growth Pension Fund II Fund
24,741 24,741
2,518 2,518 27,259
Note :- The above appreciation / depreciation is the difference between market value and book cost as at 31st March 2010. Group Debt Fund 31 7,730 2,079 9,839 (10,149) (10,149) (10,149) (22,340) 9,839 2 2 (277) (279) (279) (14,291) (8,049) (22,340) Group Equity Index Fund Group Growth Fund-I Group Liquid Fund Group Short Term Debt Fund Growth Plus Fund I (196) (71) (267) (267) Life Long Gain Fund 21 235 582 837 837 Liquid Fund

Liquid Pension Fund Max Gain Fund I -
Particulars
Group Asset Allocation Fund
31 31
31
Secure Fund Shield Plus Fund I 1,789 (2,985) (1,196) 83 83 14,103 1,088 1,088 13,712 (1,196) Premier Debt Fund 196 701 897 461,591 461,591 (14,805) (14,805) 446,786 (4,698) (4,698) 265,153 (3,559) (3,559) 340,763 (3,192) (3,192) 991,852 897 2,818 2,818 112,411 653 653 106,605 109,593 109,593 105,952 105,952 269,852 269,852 344,322 344,322 995,044 995,044 14,021 14,021 (618) 685 2,243 10,314 12,624 Premier Equity Fund Premier Premier Equity Gain Equity Growth Fund Fund Premier Equity Index Fund Pure Equity Fund Pure Stock Fund Pure Stock Pension Fund
Particulars
Premier Bond Fund
1,967 1,231 3,199
3,199
Note :- The above appreciation / depreciation is the difference between market value and book cost as at 31st March 2010. (Amount in Rs. '000) Particulars Stable Grand Fund Total
Approved Investments Government Bonds Corporate Bonds Infrastructure Bonds Equity Money Market Mutual Fund Deposit with Banks Total(A) Other Investments Corporate Bonds Infrastructure Bonds Equity Mutual Fund Total(B) Total(A+B) (42,064) 141,814 135,897 44,956,229 45,191,876 (29,580) 9,827 (19,753) 45,172,123
(771) 324 (2,260) 41,624 38,917
2,377 2,377 41,293
135
Controlled Fund Statement

F.Y. 2010-11 1 Computation of Controlled fund as per the Balance Sheet Policyholders' Fund (Life Fund) Participating Individual Assurance Individual Pension Non-participating Individual Assurance Individual Health Individual Annuity Group Assurance Linked Individual Assurance Individual Pension Group Unit Linked Funds for Future Appropriations Fair Value Change Account Total (A) Shareholders' Fund Paid up Capital Reserves & Surpluses Fair Value Change Total (B) Misc. expenses not written off Credit / (Debit) from P&L A/c. Total (C ) Total shareholders' funds (B+C) Controlled Fund (Total (A+B+C)) Reconciliation of the Controlled Fund from Revenue and Profit & Loss Account Opening Balance of Controlled Fund (A) Add: Inflow Income Premium Income Less: Reinsurance ceded Net Premium Investment Income Other Income Funds transferred from Shareholders' Accounts Total Income Less: Outgo (i) Benefits paid (Net) (ii) Interim Bonus Paid (iii) Change in Valuation of Liability (iv) Commission (v) Operating Expenses (vi) Provision for Taxation (a) FBT (b) I.T. Total Outgo Surplus of the Policyholders' Fund Less: transferred to Shareholders' Account From Current Year From Previous Years Net Flow in Policyholders' account Add: Net income in Shareholders' Fund Net In Flow / Outflow (B) Change in valuation Liabilities (C) Change in Fair Value Change Account (D) Increase in Paid up Capital (E) Closing Balance of Controlled Fund (A+B+C+D+E) As Per Balance Sheet Difference, if any
(Amount in Rs. '000) F.Y. 2009-10
21,546,414 437,321 2,590,574 163,927 312,114 7,581,846 5,526,929 270,886 16,664 328,841,705 2,929,021 37,544 370,254,945 1,507,090 20,986,962 5 22,494,057 22,494,057 392,749,002
15,240,119 376,166 1,030,552 160,464 183,950 4,171,640 8,670,678 448,819 11,016 284,146,154 3,874,569 28,433 318,342,560 1,507,090 10,599,550 12,106,640 (182,978) (182,978) 11,923,662 330,266,222
330,266,222
170,182,268
96,099,487 (347,698) 95,751,789 39,123,659 86,869 316,720 135,279,037 49,846,683 19,558 52,848,822 6,164,741 16,065,847 1,923,860 126,869,511 8,409,526 (8,249,493) (1,105,581) (945,548) 10,570,390 9,624,842 52,848,822 9,116 392,749,002 392,749,002 -
114,197,137 (283,480) 113,913,657 99,302,163 281,565 694,463 214,191,848 26,301,986 10,358 155,788,353 9,625,696 17,716,252 653,127 210,095,772 4,096,076 (3,992,371) (1,252,391) (1,148,686) 5,422,868 4,274,182 155,788,353 21,419 330,266,222 330,266,222 -
136
Bajaj Allianz Life Insurance Company Ltd. I Controlled Fund Statement
Controlled Fund Statement

F.Y. 2010-11 3 Reconciliation with Shareholders' and Policyholders' Fund 3.1 Policyholders' Funds - Traditional-PAR and NON-PAR Opening Balance of the Policyholders' Fund Add: Surplus of the Revenue Account Less: Surplus transfer to Shareholders' Account Change in valuation Liabilities Change in Fair Value Change Account Total As per Balance Sheet Difference, if any 3.2 Policyholders' Funds - Linked Opening Balance of the Policyholders' Fund Add: Surplus of the Revenue Account Less: Surplus transfer to Shareholders' Account Change in valuation Liabilities Change in Fund Reserve Total As per Balance Sheet Difference, if any 3.3 Shareholders' Funds Opening Balance of Shareholders' Fund Add: Net income of Shareholders' account (P&L) Change in Fair Value Change Account Closing Balance of the Shareholders'' fund As per Balance Sheet Difference, if any
(Amount in Rs. '000) F.Y. 2009-10
22,214,988 1,010,981 (850,948) 11,469,305 9,111 33,853,437 33,853,437 -
14,369,500 161,484 (209,166) 7,871,751 21,419 22,214,988 22,214,988 -
296,127,572 7,398,545 (8,504,126) (3,316,034) 44,695,551 336,401,508 336,401,508 -
149,311,974 3,934,592 (5,035,596) 4,423,446 143,493,156 296,127,572 296,127,572 -
11,923,662 10,570,390 5 22,494,057 22,494,057 -
6,500,794 5,422,868 11,923,662 11,923,662 -
137
Cash Flow Statement for the Year ending 31st March 2011
Particulars Cash Flow from Operating Activities Cash receipts from customers - Premium and other receipts Cash paid towards Operating Activities Expenses Benefits paid Taxes Paid Reinsurance (Net) Advance & Deposits Loan Against Policies Cash flow before extraordinary item Extraordinary Item Net cash from Operating Activities ( A ) Cash Flow from Investing Activities Purchase of Fixed Assets Purchase of Investment Interest and dividend Received Sale of Investment Sale of Fixed Assets Net cash from investing activities ( B ) Cash Flow from Financing activities Proceeds from Issuance of Share Capital Share Premium received on issuance of Share Capital Net cash from Financing Activities ( C ) Net Decrease in Cash & Cash Equivalents (D = A + B + C ) Cash & Cash equivalents at the beginning of the Year Cash & Cash Equivalents at the end of the Period Components of cash & cash equivalents Cash and Bank Balances ( as per Sch 11) Cash and Bank Balances ( Unit Linked business) Temporary overdraft (as per Sch 13 ) Current Year Previous Year
94,903,507 (22,380,971) (49,712,032) (1,710,750) (153,802) (575,851) (16,803) (74,550,209) 20,353,298 20,353,298 (325,712) (1,061,616,690) (1,061,942,402) 10,463,637 1,030,319,965 3,629 1,040,787,231 (21,155,171) (801,873) 7,321,768 6,519,895 4,385,098 2,135,814 (1,017) 6,519,895 6,026,001 700,968,716 3,413 (663,745) (772,020,047) (24,726,033) (25,916,308) (743,803) (410,836) 501,488 (53,306)
115,176,350
(51,348,797) 63,827,553 63,827,553
(772,683,792)
706,998,129 (65,685,662)
(1,858,109) 9,179,877 7,321,768 2,186,908 5,273,217 (138,357) 7,321,768
Notes to Financial statements 16 The accompanying notes and schedules form an integral part of the financial statements. As per our report of even date attached For Dalal & Shah Chartered Accountants Firm Registration No. 102021W Anish Amin Partner Member Ship No 40451 For B S R & Co Chartered Accountants Firm Registration No. 101248W Juzer Miyajiwala Partner Member Ship No 47483 For Bajaj Allianz Life Insurance Company Limited
Rahul Bajaj Chairman Niraj Bajaj Director Ranjit Gupta Director Manu Tandon Director Anil Singh Appointed Actuary
Heinz Dollberg Director Sanjiv Bajaj Director S. H. Khan Director V Philip Managing Director and Chief Executive Officer Kamesh Goyal Alternate Director Suraj Mehta Director Rajesh Viswanathan Chief Financial Officer
Sameer Bakshi Company Secretary and Head- Legal & Compliance
Place : Pune Date : 6th May 2011 138
Bajaj Allianz Life Insurance Company Ltd. I Balance sheet abstract and Company's general business profile
Balance Sheet Abstract and Company's General Business Profile

I. Registration Details Registration No. 15959 CIN U66010PN2001PLC015959 Balance Sheet Date 31 03 2011 Date Month Year II. Capital raised during the year (Amount in Rs '000) Public Issue Bonus Issue III. Position of mobilisation and deployment of funds (Amount in Rs '000) Total Liabilities 392,749,002 IV Source of Funds (Amount in Rs '000) Paid-up Capital 1,507,090 Secured Loans Nil Policyholders funds 370,254,945 V Application of Funds (Amount in Rs '000) Net Fixed Assets 1,653,709 Net Current Assets -2,351,549 Accumulated loss (Shareholders) Nil VI. Performance of Company (Amount in Rs '000) Turnover Profit/Loss before tax 10,816,647 Accumulated Profits Earnings per share 70.14 Dividend rate (%) 0 Total Expenditure Profit/Loss after tax 10,570,390 Investments 393,299,764 Miscellaneous Expenditure Nil Others 147,078 Reserves and Surplus (shareholders) 20,986,962 Unsecured Loans Nil Others 5 Total Assets 392,749,002 Rights Issue Private Placement State Code 25
Note: Being a life insurance company there is no turnover.
139
Balance Sheet Abstract and Company's General Business Profile

VII. Generic Names of Principal Products/Services of Company Item code no (ITC code) Product Description Life Insurance Business
Note: The Company being a life insurance company the accounts of the Company are not required to be made in accordance with Schedule VI. Further, the Insurance Act, 1938, requires the accounts of the Company to be split between Policyholders' & Shareholders' Account. In view of this it is not possible to give all the information as required in Part III & Part IV of the Schedule.
For Bajaj Allianz Life Insurance Company Limited Rahul Bajaj Chairman Niraj Bajaj Director Ranjit Gupta Director Manu Tandon Director Heinz Dollberg Director Sanjiv Bajaj Director S. H. Khan Director V. Philip Managing Director & Chief Executive Officer Sameer Bakshi Company Secretary and Head Legal & Compliance Kamesh Goyal Alternate Director Suraj Mehta Director Rajesh Viswanathan Chief Financial Officer
140
Bajaj Allianz Life Insurance Company Ltd.
Notes
G.E. Plaza, Airport Road, Yerawada, Pune - 411 006. www.bajajallianz.com

Insurance is the subject matter of the solicitation
BJAZ-O-0493/24-Jun-11
Bajaj Allianz Life Insurance Co. Ltd.

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Annual Report 2010-2011

Bajaj Allianz Life Insurance Co. Ltd.

Annual Report 2010-2011

Annual Report 2010-2011

Annual Report 2010-2011

Rahul Bajaj Chairman Place : Pune Date : 6th May 2011

Annexure B to the Directors Report

Annual Report 2010-2011

Mr. Manuel Bauer

Annual Report 2010-2011

Meetings Attended 4/4 3/4 4/4 4/4 -

Sameer Bakshi Company Secretary and Head Legal and Compliance

Period 2010-11 2009-10 2008-09 2007-08 2006-07 2005-06

Annual Report 2010-2011

Entity in which Director is interested Bajaj Finserv Ltd.

Director Director Director Director Director

Bajaj Finance Ltd. (Earlier known as Bajaj Auto Finance Ltd.)

Amount of Payment during the FY 2010-11 (Rs.In Lakh) 1,072.71

Bajaj Electricals Ltd.

Mr.Heinz Dollberg Mr.Ranjit Gupta Mr.Kamesh Goyal Allianz SE

Bajaj Allianz Financial Distributors Ltd.

Allianz Investment Management Singapore Pte. Ltd. Bajaj Auto Ltd.

Allianz Insurance Management Asia Pacific Pte. Ltd.

Mr. Rahul Bajaj

Hind Musafir Agency Limited

Anil Singh Appointed Actuary

Place : Pune Date : 6th May 2011 12

Bajaj Allianz Life Insurance Company Ltd. I Auditors' Report

Annual Report 2010-2011

Annual Report 2010-2011

Annexure to the Auditors' Report

Participating Individual Assurance Individual Pension

6,164,741 16,065,847 1,923,860 24,154,448

8,153,271 44,695,551 102,715,063 8,409,526 1,023,664

6,306,295 7,156,332 260,933 994,530

61,155 82,513 5,579 29,134

1,105,581 (9,355,074) 1,183,697 19,558 958,308 8,409,526 9,387,392

(105,170) 1,150,293 14,663 946,530 260,933 1,222,126

(1,309) 33,404 1,938 11,778 5,579 19,295

Annual Report 2010-2011

1,560,022 1,716,317 377,628 -

3,463 90,191 53,941 -

3,410,206 5,537,982 312,900 -

(3,143,749) 36,468,331 76,998,459 7,265,309 -

(177,933) 4,479,581 6,506,758 -

5,648 3,747,639 4,480,886 133,236 -

(377,628) 2,957 377,628 380,585

(53,941) 53,941 53,941

(312,900) 312,900 312,900

1,105,581 (8,370,890) 7,265,309 7,265,309

(133,236) 133,236 133,236

Participating Individual Assurance Individual Pension

9,625,696 17,716,252 653,127 27,995,075

12,295,197 143,493,156 182,100,697 4,096,076 1,071,987

3,921,064 4,692,569 129,521 918,099

25,776 55,582 28,415 1,860

1,100,363 (5,244,762) 1,023,664 10,358 488,078 4,096,076 4,594,512

(53,090) 994,530 10,358 477,813 129,521 617,692

(1,141) 29,134 10,265 28,415 38,680

Annual Report 2010-2011

838,648 923,874 (43,964) 43,964

54,300 108,933 40,662 94,719

82,561 90,183 3,563 2,708