Particulars FOR THE Schedule UP TO THE FOR THE UP TO THE ... · PROVISION FOR LINKED...

FORM L-1-A-RA

Name of the Insurer: PNB MetLife India Insurance Company Limited

Registration No. and Date of Registration with the IRDA:117, August 6, 2001

REVENUE ACCOUNT FOR THE QUARTER ENDED DECEMBER 31, 2017

Policyholders’ Account (Technical Account)

Particulars FOR THE

QUARTER ENDED

DECEMBER 31,

2017

UP TO THE

QUARTER ENDED

DECEMBER 31,

2017

FOR THE

QUARTER ENDED

DECEMBER 31,

2016

UP TO THE

QUARTER ENDED

DECEMBER 31,

2016

(Rs.’000) (Rs.’000). (Rs.’000) (Rs.’000).

Premiums earned – net

(a) Premium 9,336,935 24,865,491 7,980,183 20,595,267

(b) Reinsurance ceded (170,272) (634,202) (171,506) (611,999)

(c) Reinsurance accepted - - - -

Income from Investments -

(a) Interest, Dividends & Rent – Gross 2,375,806 7,062,031 1,980,292 6,005,747

(b) Profit on sale/redemption of investments 1,343,894 6,021,088 1,483,940 3,815,390

(c) (Loss on sale/ redemption of investments) (213,080) (617,934) (64,361) (291,730)

(d) Transfer/Gain on revaluation/change in fair value* 1,307,377 87,790 (3,889,414) (531,584)

(e) Unrealised gains/(losses) - - - -

Transferred from Shareholders' Fund 44,526 270,127 - -

Other Income

(a) Interest on policy loans 6,981 26,887 8,222 22,946

(b) Miscellaneous income 34,666 106,110 31,336 112,170

(c) Profit/(Loss) on sale of fixed assets(Net) (217) (245) 2,262 (21,176)

TOTAL (A) 14,066,616 37,187,143 7,360,954 29,095,031

Commission L-5 561,176 1,398,865 473,292 1,165,769

Operating Expenses related to Insurance Business L-6 2,063,054 5,855,783 1,798,351 5,459,426

Service tax on Charges 95,929 273,449 101,375 270,145

Provision for doubtful debts - - - -

Bad debts written off - - - -

Provision for Tax - - - -

Provisions (other than taxation) - - - -

(a) For diminution in the value of investments (Net) - - - -

(b) Advances & Recoveries 2,418 8,695 10,917 49,789

TOTAL (B) 2,722,577 7,536,792 2,383,935 6,945,129

Benefits Paid (Net) L-7 4,966,976 14,505,678 3,405,628 12,793,625

Bonuses Paid 13,475 27,903 4,543 11,038

Change in valuation of liability in respect of life policies

(a) Gross**

- Linked Liability 111,043 (1,347,018) (3,261,897) (1,830,396)

- Non Linked Liability 5,953,705 15,419,171 5,047,722 11,549,937

(b) Amount ceded in Reinsurance (148,031) (396,839) (279,428) (785,519)

(c) Amount accepted in Reinsurance - - - -

TOTAL (C) 10,897,168 28,208,895 4,916,568 21,738,685

SURPLUS/ (DEFICIT) (D) =(A)-(B)-(C) 446,871 1,441,456 60,451 411,217

APPROPRIATIONS -

Transfer to Shareholders' Account 294,277 998,253 - -

Transfer to Other Reserves - - - -

Balance being Funds for Future Appropriations 152,594 443,203 - -

Surplus/(Deficit) after Appropriation - - 60,451 411,217

TOTAL (D) 446,871 1,441,456 60,451 411,217

Balance at the beginning of year - (13,003,351) (13,048,090) (13,398,856)

Transfer from Profit and Loss account (Shareholder's Account) to meet brought

forward accumulated deficit in Revenue Account (Policyholder's Account) - 13,003,351

Surplus/(Deficit) after appropriation - 60,451 411,217

Balance carried to balance sheet - - (12,987,639) (12,987,639)

Details of Total Surplus

(a) Interim Bonuses Paid 13,475 27,903 4,543 11,038

(b) Allocation of Bonus to Policyholders' - - - -

(c) Surplus shown in the Revenue Account 446,871 1,441,456 60,451 411,217

(d) Total Surplus: [(a)+(b)+( c)] 460,346 1,469,359 64,994 422,255

Notes:

* Represents the deemed realised gain as per norms specified by the Authority.

** Represents Mathematical Reserves after allocation of bonus

Schedule

L-4

FORM L-2-A-PL



PROFIT & LOSS ACCOUNT FOR THE QUARTER ENDED DECEMBER 31, 2017

Shareholders’ Account (Non-technical Account)

FOR THE

QUARTER ENDED

DECEMBER 31,

2017

UP TO THE

QUARTER ENDED

DECEMBER 31,

2017

FOR THE

QUARTER ENDED

DECEMBER 31,

2016

UP TO THE

QUARTER ENDED

DECEMBER 31,

2016

(Rs.’000). (Rs.’000). (Rs.’000). (Rs.’000).

Amounts transferred from/to the Policyholders Account (Technical

Account) 294,277 998,253 - -

Income From Investments -

(a) Interest, Dividends & Rent – net of accretion/amortisation of discount/

premium) 154,399 451,189 143,031 422,533

(b) Profit on sale/redemption of investments - - - -

(c) (Loss on sale/ redemption of investments) - - - -

Other Income - - - -

TOTAL (A) 448,676 1,449,442 143,031 422,533

-

Expense other than those directly related to the insurance business L- 6 A 24,802 58,647 17,633 50,004

Bad debts written off - - - -

Transfer to Policyholders' fund - - - -

Provisions (Other than taxation) - -

(a) For diminution in the value of investments (Net) - - - -

(b) Provision for doubtful debts - - - -

(c) Others - - - -

Contribution to the Policyholder's Account 44,526 270,127

TOTAL (B) 69,328 328,774 17,633 50,004

-

Profit/ (Loss) before tax 379,348 1,120,668 125,398 372,529

Provision for Taxation - - - -

Profit / (Loss) after tax 379,348 1,120,668 125,398 372,529

-

APPROPRIATIONS -

(a) Balance at the beginning of the year. (10,052,079) 2,209,952 1,818,373 1,571,242

(b) Interim dividends paid during the year - - - -

(c) Proposed final dividend - - - -

(d) Dividend distribution on tax - - - -

(e) Transfer to Revenue Account (Policyholder's Account) to meet

brought forward accumulated deficit in Revenue Account (Policyholder's

Account)

- (13,003,351) - -

Profit carried to the Balance Sheet (9,672,731) (9,672,731) 1,943,771 1,943,771

Particulars Schedule

FORM L-3-A-BS



BALANCE SHEET AS AT DECEMBER 31, 2017

Particulars ScheduleAs at DECEMBER

31, 2017

As at DECEMBER

31, 2016

(Rs.’000). (Rs.’000).

SOURCES OF FUNDS

SHAREHOLDERS’ FUNDS:

SHARE CAPITAL L-8,L-9 20,128,843 20,128,843

RESERVES AND SURPLUS L-10 - 1,943,771

CREDIT/[DEBIT] FAIR VALUE CHANGE ACCOUNT 4,142 (459)

Sub-Total 20,132,985 22,072,155

BORROWINGS L-11 132,277 182,790

POLICYHOLDERS’ FUNDS:

CREDIT/[DEBIT] FAIR VALUE CHANGE ACCOUNT 95,375 (29,778)

POLICY LIABILITIES 89,905,657 67,627,703

INSURANCE RESERVES - -

PROVISION FOR LINKED LIABILITIES-NON UNIT 444,994 350,855

PROVISION FOR LINKED LIABILITIES-UNIT 59,563,281 59,258,096

FUNDS FOR DISCONTINUED POLICIES

- Discontinued on account of non- payment of premium 6,799,893 5,751,663

- Others - -

Sub-Total 156,809,200 132,958,539 FUNDS FOR FUTURE APPROPRIATIONS 1,965,930 1,659,158

TOTAL 179,040,392 156,872,642

APPLICATION OF FUNDS

INVESTMENTS

Shareholders’ L-12 9,390,562 6,857,147

Policyholders’ L-13 92,956,782 71,399,990

ASSETS HELD TO COVER LINKED LIABILITIES L-14 66,363,174 65,009,758

LOANS L-15 348,893 283,310

FIXED ASSETS L-16 748,094 710,143

CURRENT ASSETS

Cash and Bank Balances L-17 1,782,908 2,115,261

Advances and Other Assets L-18 6,970,468 5,485,274

Sub-Total (A) 8,753,376 7,600,535

CURRENT LIABILITIES L-19 8,939,130 7,745,542

PROVISIONS L-20 254,090 230,338

Sub-Total (B) 9,193,220 7,975,880

NET CURRENT ASSETS (C) = (A – B) (439,844) (375,345)

MISCELLANEOUS EXPENDITURE (to the extent not written off or adjusted) L-21 - -

DEBIT BALANCE IN PROFIT & LOSS ACCOUNT (Shareholders’ Account) 9,672,731 -

DEBIT BALANCE OF REVENUE ACCOUNT - 12,987,639

TOTAL 179,040,392 156,872,642

CONTINGENT LIABILITIES

Particulars As at DECEMBER

31, 2017

As at DECEMBER

31, 2016

(Rs.’000) (Rs.’000)

Partly paid-up investments - -

Claims, other than against policies, not acknowledged as debts by the company 69,100 59,085

Underwriting commitments outstanding (in respect of shares and securities) - -

Guarantees given by or on behalf of the Company 2,500 -

Statutory demands/ liabilities in dispute, not provided for 1,551,665 1,526,385

Reinsurance obligations to the extent not provided for in accounts - -

Claims under policies not acknowledged as debts 356,560 183,141

TOTAL 1,979,825 1,768,611

SCHEDULES FORMING PART OF FINANCIAL STATEMENTS

FORM L-4-PREMIUM SCHEDULE

PREMIUM

ParticularsFOR THE

QUARTER ENDED

DECEMBER 31,

2017

UP TO THE

QUARTER ENDED

DECEMBER 31,

2017

FOR THE

QUARTER ENDED

DECEMBER 31,

2016

UP TO THE

QUARTER ENDED

DECEMBER 31,

2016

(Rs.’000). (Rs.’000). (Rs.’000). (Rs.’000).

First year premiums 3,147,422 8,010,572 2,611,158 6,722,108

Renewal Premiums 5,759,454 15,731,140 5,157,495 13,374,942

Single Premiums 430,059 1,123,779 211,530 498,217

TOTAL PREMIUM 9,336,935 24,865,491 7,980,183 20,595,267

Premium Income from business written:

In India 9,336,935 24,865,491 7,980,183 20,595,267

Outside India - - - -

TOTAL PREMIUM 9,336,935 24,865,491 7,980,183 20,595,267

FORM L-5 - COMMISSION SCHEDULE

COMMISSION EXPENSES

ParticularsFOR THE

QUARTER ENDED

DECEMBER 31,

2017

UP TO THE

QUARTER ENDED

DECEMBER 31,

2017

FOR THE

QUARTER ENDED

DECEMBER 31,

2016

UP TO THE

QUARTER ENDED

DECEMBER 31,

2016

(Rs.’000) (Rs.’000) (Rs.’000) (Rs.’000)

Commission paid

Direct - First year premiums 408,127 1,014,332 363,771 888,800

- Renewal premiums 135,833 341,051 109,147 275,334

- Single premiums 17,216 43,482 374 1,635

Add: Commission on Re-insurance Accepted - - - -

Less: Commission on Re-insurance Ceded - - - -

Net Commission 561,176 1,398,865 473,292 1,165,769

Break-up of the expenses (Gross) incurred to procure business to be

furnished as per details indicated below:

Agents 50,881 150,618 54,800 162,209

Brokers 7,474 25,945 4,192 10,855

Corporate Agency 502,897 1,222,410 414,263 1,001,400

Referral (76) (108) 29 (140)

Others ( Direct Sales) - - 8 (8,555)

TOTAL (B) 561,176 1,398,865 473,292 1,165,769

FORM L-6-OPERATING EXPENSES SCHEDULE

OPERATING EXPENSES RELATED TO INSURANCE BUSINESS

Particulars FOR THE

QUARTER ENDED

DECEMBER 31,

2017

UP TO THE

QUARTER ENDED

DECEMBER 31,

2017

FOR THE

QUARTER ENDED

DECEMBER 31,

2016

UP TO THE

QUARTER ENDED

DECEMBER 31,

2016

(Rs.’000). (Rs.’000). (Rs.’000). (Rs.’000).

Employees’ remuneration & welfare benefits 1,369,443 3,951,767 1,118,863 3,489,768

Travel, conveyance and vehicle running expenses 37,103 99,128 25,660 80,775

Training expenses 12,543 32,252 6,750 21,152

Rents, rates & taxes 100,333 302,781 96,223 294,571

Repairs 25,196 51,337 10,183 34,783

Printing & stationery 9,527 28,104 12,031 30,110

Communication expenses 36,350 113,479 40,480 120,689

Legal & professional charges 22,100 75,767 19,047 71,865

Medical fees 14,415 33,847 13,900 41,241

Auditors' fees, expenses etc

a) as auditor 1,500 4,500 1,150 3,739

b) as adviser or in any other capacity, in respect of

(i) Taxation matters - - - -

(ii) Insurance matters - - - -

(iii) Management services; and - - - -

(iv) Expenses 192 493 - 691

c) in any other capacity 100 100 - -

Advertisement and publicity 61,620 141,767 46,381 157,308

Business Development ,Sales promotion & Sales conference 198,622 454,820 228,801 545,383

Interest & Bank Charges 15,162 51,847 15,797 51,355

Recruitment expenses 7,524 60,783 18,418 43,991

Information technology expenses 64,693 191,981 55,905 188,289

Office expenses 31,692 95,377 26,627 91,242

Others 4,111 13,119 2,747 7,698

Depreciation 50,828 152,534 59,388 184,776

TOTAL 2,063,054 5,855,783 1,798,351 5,459,426

FORM L-6 A-OPERATING EXPENSES SCHEDULE

EXPENSE OTHER THAN THOSE DIRECTLY RELATED TO THE INSURANCE BUSINESS

Particulars FOR THE

QUARTER ENDED

DECEMBER 31,

2017

UP TO THE

QUARTER ENDED

DECEMBER 31,

2017

FOR THE

QUARTER ENDED

DECEMBER 31,

2016

UP TO THE

QUARTER ENDED

DECEMBER 31,

2016(Rs.’000). (Rs.’000). (Rs.’000). (Rs.’000).

Employees’ remuneration & welfare benefits 23,616 24,160 14,484 34,694

Travel, conveyance and vehicle running expenses 8 18 (1) 2

Training expenses 2 20 - 1

Rents, rates & taxes - - - -

Repairs - - - -

Printing & stationery - - - 1

Communication expenses 2 4 2 4

Legal & professional charges 156 398 133 360

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 - - - -

(iv) Expenses - - - -

c) in any other capacity - - - -

Advertisement and publicity - - - -

Business Development & Sales promotion - - - -

Interest & Bank Charges 101 255 77 228

Recruitment expenses 1 1 - -

Information technology expenses - - - -

Office expenses - - (2) (2)

Others (1,302) 27,335 1,373 3,525

Depreciation - - 1,035 2,862

Corporate Social Responsibility 2,218 6,456 532 8,329

TOTAL 24,802 58,647 17,633 50,004

FORM L-7-BENEFITS PAID SCHEDULE

BENEFITS PAID [NET]

ParticularsFOR THE

QUARTER ENDED

DECEMBER 31,

2017

UP TO THE

QUARTER ENDED

DECEMBER 31,

2017

FOR THE

QUARTER ENDED

DECEMBER 31,

2016

UP TO THE

QUARTER ENDED

DECEMBER 31,

2016

(Rs.’000). (Rs.’000). (Rs.’000). (Rs.’000).

1. Insurance Claims

(a) Claims by Death, 980,175 2,458,538 979,874 2,901,942

(b) Claims by Maturity, 195,009 402,764 158,219 676,442

(c) Annuities/Pension payment, 43,107 130,895 62,570 191,039

(d) Periodical Benefit 382,216 819,763 19,380 53,501

(e) Health 27,284 43,925 16,435 39,513

(f) Surrenders 3,601,362 11,213,312 2,374,315 9,490,077

(g) Others(Interest on unclaimed amount of policyholders) 23,526 88,295 26,995 102,577

-

2. (Amount ceded in reinsurance): - -

(a) Claims by Death, (268,721) (629,403) (211,040) (629,364)

(b) Claims by Maturity, - - - -

(c) Annuities/Pension payment, - - - -

(d) Periodical Benefit - - - -

(e) Health (16,982) (22,411) (21,120) (32,102)

(f) Surrenders - - - -

-

3. Amount accepted in reinsurance: - -

(a) Claims by Death, - - - -

(b) Claims by Maturity, - - - -

(c) Annuities/Pension payment, - - - -

(d) Periodical Benefit - - - -

(e) Health - - - -

(f) Surrenders - - - -

TOTAL 4,966,976 14,505,678 3,405,628 12,793,625

FORM L-8-SHARE CAPITAL SCHEDULE

SHARE CAPITAL

ParticularsAs at DECEMBER

31, 2017

As at DECEMBER

31, 2016(Rs.’000). (Rs.’000).

Authorised Capital 30,000,000 30,000,000

3,000,000,000 (Previous period - 3,000,000,000) equity shares of Rs 10/- each

Issued Capital 20,128,843 20,128,843

2,012,884,283 (Previous period - 2,012,884,283) equity shares of Rs 10/- each

Subscribed, Called-up and Paid up Capital 20,128,843 20,128,843

2,012,884,283 (Previous period - 2,012,884,283 ) equity shares of Rs 10/- each

fully paid up

Less : Calls unpaid - -

Add : Shares forfeited (Amount originally paid up) - -

Less : Par value of Equity Shares bought back - -

Less : Preliminary Expenses - -

Expenses including commission or brokerage on

Underwriting or subscription of shares

TOTAL 20,128,843 20,128,843

Notes: None of the shareholders are having holding interest in the company

FORM L-9-PATTERN OF SHAREHOLDING SCHEDULE

PATTERN OF SHAREHOLDING

[As certified by the Management]

Shareholder

Number of Shares % of HoldingNumber of

Shares% of Holding

Promoters

· Indian 1,489,534,370 74% 1,489,534,370 74%

· Foreign 523,349,913 26% 523,349,913 26%

Others

TOTAL 2,012,884,283 100% 2,012,884,283 100%

FORM L-10-RESERVES AND SURPLUS SCHEDULE

RESERVES AND SURPLUS


31, 2017

As at DECEMBER

31, 2016(Rs.’000) (Rs.’000)

Capital Reserve - -

Capital Redemption Reserve - -

Share Premium - -

Revaluation Reserve - -

General Reserves - -

Less: Debit balance in Profit and Loss Account, if any - -

Less: Amount utilized for Buy-back - -

Catastrophe Reserve - -

Other Reserves - -

Balance of profit in Profit and Loss Account - 1,943,771

TOTAL - 1,943,771

As at DECEMBER 31, 2017 As at DECEMBER 31, 2016

FORM L-11-BORROWINGS SCHEDULE

BORROWINGS


31, 2017

As at DECEMBER

31, 2016

(Rs.’000). (Rs.’000).

Debentures/ Bonds - -

Banks - -

Financial Institutions - -

Others 132,277 182,790

For Information technology equipments and software [Borrowing for information

technology equipments is secured against said assets. Net book value as at

December 31, 2017 of these equipments is Rs 106,009 (Previous year Rs

138,627)

Vehicle lease - -

TOTAL 132,277 182,790

Note: Amount due within 12 months from balance sheet date is Rs.59,377 (Previous year Rs. 65,883 )

FORM L-12-INVESTMENTS SHAREHOLDERS SCHEDULE

INVESTMENTS-SHAREHOLDERS


31, 2017

As at DECEMBER

31, 2016

(Rs.’000) (Rs.’000)

LONG TERM INVESTMENTS

Government securities and Government guaranteed bonds including Treasury

Bills 5,195,745 2,938,902

Other Approved Securities 404,932 405,577

Other Investments

(a)Shares

(aa) Equity 17,621 13,019

(bb) Preference - -

(b) Mutual Funds - -

(c ) Derivative Instruments - -

(d) Debentures/ Bonds 845,896 787,613

(e) Other Securities (to be specified) - -

(f) Subsidiaries - -

Investment Properties-Real Estate - -

Investments in Infrastructure and Social Sector (including Housing) 1,141,329 1,482,913

Other than Approved Investments 249,759 -

SHORT TERM INVESTMENTS


Bills 706,290 764,181

Other Approved Securities - -

Other Investments

(a)Shares

(aa) Equity - -

(bb) Preference - -




(e) Other Securities - CP/CBLO/Bank Deposits 90,079 212,051


(g) Bank Deposits - -

(h) Commercial Papers - -

Investment Properties-Real Estate - -

Investments in Infrastructure and Social Sector (including Housing) 598,843 92,874

Other than Approved Investments

(a) Debentures/ Bonds 50,000 -

(b) Mutual funds - -

(c ) Other securities - Inter corporate deposit - -

(d) Other securities - Asset securitisation - Pass through certificates - - 0

TOTAL 9,390,562 6,857,147

The Market Value of the above total investment is Rs.9,511,264 (Previous Year Dec 16 - Rs.7,236,911)

FORM L-13-INVESTMENTS POLICYHOLDERS SCHEDULE

INVESTMENTS-POLICYHOLDERS


31, 2017

As at DECEMBER

31, 2016

(Rs.’000) (Rs.’000)



Bills 48,786,673 40,280,268


Other Investments

(a) Shares

(aa) Equity 1,097,973 332,610

(bb)Preference - -


(c)Derivative Instruments - -

(d) Debentures/ Bonds 15,450,963 7,987,044

(e) Other Securities (to be specified) - -


(g) Investment Properties-Real Estate - -

Investments in Infrastructure and Social Sector (including Housing) 22,612,518 18,138,924


(a) Equity - -

(b) Preference - -

(c) Debentures/ Bonds 500,000 49,106



Bills 345,081 804,858


Other Investments - -

(a) Shares

(aa) Equity - -

(bb) Preference - -


(c)Derivative Instruments - -


(e) Other securities - Bank Deposits/CBLO/FD 1,410,064 2,023,488



Investments in Infrastructure and Social Sector - Debt Securities (including

Housing) 724,206 263,791

Other than approved investments-Debenture / Bonds 49,654 -

TOTAL 92,956,782 71,399,990

Notes:

The Market Value of the above total investments is Rs.95,827,528 (Previous Year Dec 16 Rs.77,892,276).

FORM L-14-ASSETS HELD TO COVER LINKED LIABILITIES SCHEDULE

ASSETS HELD TO COVER LINKED LIABILITIES


31, 2017

As at DECEMBER

31, 2016

(Rs.’000) (Rs.’000)



Bills 5,655,281 8,828,170


Other Investments

(a) Shares

(aa) Equity 33,485,846 36,491,335

(bb) Preference - -


(c) Derivative Instruments - -


(e) Other Securities-Bank Deposits - -



Investments in Infrastructure and Social Sector (including Housing)

- Debt Securities (including Housing) 8,292,711 6,001,327

- Equities 2,671,168 1,858,621


(a) Equity 683,848 289,818

(b) Preference - -

(c) Debentures/ Bonds - -



Bills 6,820,552 5,648,019


Other Investments

(a) Shares

(aa) Equity - -

(bb) Preference - -




(e) Other Securities - CP/CBLO/Bank Deposits - -


(g) Other securities - CP/CBLO/Bank Deposits 1,210,254 2,673,742

(h) Investment Properties-Real Estate - -

Investments in Infrastructure and Social Sector (including Housing) 70,392 491,660

Other than Approved Investments - -

(a) Mutual Funds 3,972,525 -

(b) Debentures/ Bonds - -

Other net current assets 437,552 384,614

TOTAL 66,363,174 65,009,758

FORM L-15-LOANS SCHEDULE

LOANS


31, 2017

As at DECEMBER

31, 2016

(Rs.’000). (Rs.’000).

SECURITY-WISE CLASSIFICATION

Secured

(a) On mortgage of property

(aa) In India - -

(bb) Outside India - -

(b) On Shares, Bonds, Govt. Securities, etc. - -

(c) Loans against policies 348,893 283,310

(d) Others (to be specified) - -

Unsecured - -

TOTAL 348,893 283,310

BORROWER-WISE CLASSIFICATION

(a) Central and State Governments - -

(b) Banks and Financial Institutions - -

(c) Subsidiaries - -

(d) Companies - -

(e) Loans against policies 348,893 283,310

(f) Others (to be specified) - -

TOTAL 348,893 283,310

PERFORMANCE-WISE CLASSIFICATION

(a) Loans classified as standard

(aa) In India 348,893 283,310


(b) Non-standard loans less provisions

(aa) In India - -


TOTAL 348,893 283,310

MATURITY-WISE CLASSIFICATION

(a) Short Term 21,464 5,595

(b) Long Term 327,429 277,715

TOTAL 348,893 283,310

FORM 16-FIXED ASSETS SCHEDULE

FIXED ASSETS

(Rs.’000)

Opening Additions Deductions Closing Up to Last Year For The PeriodOn Sales/

AdjustmentTo Date

As at

DECEMBER 31,

2017

As at

DECEMBER 31,

2016

Goodwill - - - - - - - - - -

Intangibles (specify)

Computer Software 860,411 29,053 1,546 887,918 728,164 63,801 1,543 790,422 97,496 126,587

Tangibles (specify)

Land-Freehold - - - - - - - - - -

Leasehold Property 151,776 9,966 2,116 159,626 95,504 17,228 1,878 110,854 48,772 51,191

Buildings 244,310 13 - 244,323 9,978 3,060 1 13,037 231,286 240,801

Furniture & Fittings 76,290 1,965 4,432 73,823 51,459 3,245 3,891 50,813 23,010 19,926

Information technology equipment - Owned 556,245 28,281 24,742 559,784 462,952 32,256 24,913 470,295 89,489 90,035

Information technology equipment - Leased 195,708 - - 195,708 65,236 24,463 - 89,699 106,009 138,627

Vehicles 1,247 - 691 556 678 54 177 555 1 -

Office Equipment 114,249 4,913 6,731 112,431 80,335 8,428 6,303 82,460 29,971 33,041

TOTAL 2,200,236 74,191 40,258 2,234,169 1,494,306 152,535 38,706 1,608,135 626,034 700,208

Work in progress - - - - - - - - 122,060 9,935

Grand Total 2,200,236 74,191 40,258 2,234,169 1,494,306 152,535 38,706 1,608,135 748,094 710,143

PREVIOUS PERIOD 2,204,174 208,995 177,025 2,236,144 1,492,242 187,640 143,946 1,535,936 710,143

Net BlockCost/ Gross Block Depreciation

Particulars

FORM L-17-CASH AND BANK BALANCE SCHEDULE

CASH AND BANK BALANCES


31, 2017

As at DECEMBER

31, 2016(Rs.’000). (Rs.’000).

Cash (including cheques, drafts and stamps) 285,973 13,402

Bank Balances

(a) Deposit Accounts

(aa) Short-term (due within 12 months of the date of Balance Sheet) 441,800 469,500

(bb) Others 400 400

(b) Current Accounts 1,054,735 1,631,959

(c ) Others (to be specified) - -

Money at Call and Short Notice

(a) With Banks - -

(b) With other Institutions - -

Others (to be specified) - -

TOTAL 1,782,908 2,115,261

Balances with non-scheduled banks included above

CASH & BANK BALANCES

In India 1,782,908 2,115,261

Outside India - -

TOTAL 1,782,908 2,115,261

FORM L-18-ADVANCE AND OTHER ASSETS SCHEDULE

ADVANCES AND OTHER ASSETS


31, 2017

As at DECEMBER

31, 2016

(Rs.’000) (Rs.’000)

ADVANCES

Reserve deposits with ceding companies - -

Application money for investments - -

Prepayments 33,945 26,793

Advances to Directors/Officers - -

Advances to Suppliers 121,120 58,141

Less: Provision for doubtful recoveries 15,009 106,111 10,000 48,141

Advances to Employees 24,634 24,198

Advance tax paid and taxes deducted at source (Net of provision for taxation) 223 367

Other Advances 58,273 53,093

TOTAL (A) 223,186 152,592

OTHER ASSETS

Income accrued on investments 2,818,853 2,018,886

Outstanding Premiums 1,107,718 1,081,746

Agents’ Balances 44,001 58,714

Less: Provision for doubtful recoveries 44,001 - 55,848 2,866

Foreign Agencies Balances - -

Advance tax - -

Due from other entities carrying on insurance business (including reinsurers) 449,080 334,330

Due from subsidiaries/ holding company - -

Deposit with Reserve Bank of India [Pursuant to section 7 of Insurance Act, 1938] - -

Service tax/ Goods and Services Tax unutilized credit 274,019 130,987

Deposits 204,209 214,531

Less: Provision for doubtful recoveries 72,458 131,751 87,963 126,568

Other Receivables ((includes Unclaimed Investment Assets of Rs 1,913,305 as at

Dec 2017 (as at Dec 2016 Rs. 1,590,787))

1,991,118 1,670,267

Less: Provision for doubtful recoveries 25,257 1,965,861 32,968 1,637,299

TOTAL (B) 6,747,282 5,332,682

TOTAL (A+B) 6,970,468 5,485,274

FORM L-19-CURRENT LIABILITIES SCHEDULE

CURRENT LIABILITIES


31, 2017

As at DECEMBER

31, 2016

(Rs.’000) (Rs.’000)

Agents’ Balances 279,380 290,182

Balances due to other insurance companies 527,171 284,545

Deposits held on re-insurance ceded - -

Premiums received in advance 1,121,727 1,431,486

Unallocated premium (policy/proposal deposits) 276,357 51,168

Sundry creditors 2,660,856 2,152,092

Due to subsidiaries/ holding company - -

Claims Outstanding 1,522,176 900,636

Annuities Due - -

Due to Officers/ Directors - -

Taxes deducted at source payable 67,064 51,545

Service tax payable 263,951 142,370

Unclaimed amount of policyholders 1,913,673 2,251,595

Litigated Claims & Other Liabilities 306,775 189,923

TOTAL 8,939,130 7,745,542

FORM L-20-PROVISIONS SCHEDULE

PROVISIONS


31, 2017

As at DECEMBER

31, 2016 (Rs.’000). (Rs.’000).

For taxation (less payments and taxes deducted at source) - -

For proposed dividends - -

For dividend distribution tax - -

For gratuity 206,722 187,836

For compensated absences 47,368 42,502


TOTAL 254,090 230,338

FORM L-21-MISC EXPENDITURE SCHEDULE

MISCELLANEOUS EXPENDITURE

(To the extent not written off or adjusted)


31, 2017

As at DECEMBER

31, 2016 (Rs.’000). (Rs.’000).

Discount Allowed in issue of shares/ debentures - -


TOTAL - -

FORM L-22Analytical Ratios


Sl.No. Particular

FOR THE

QUARTER ENDED

DECEMBER 31,

2017

UP TO THE

QUARTER ENDED

DECEMBER 31,

2017

FOR THE

QUARTER ENDED

DECEMBER 31,

2016

UP TO THE

QUARTER ENDED

DECEMBER 31,

2016

1 New business premium income growth rate - segment wise

- Participating policies 9% 18% 7% 21%

- Non-participating policies 44% 39% 101% 102%

- Pension 76% 57% 100% 100%

- Non- Par Annuity 7% -2% 7.86 12.74

- Non Par Pension -100% -15% -48% -20%

- Health -88% -68% -44% -52%

- Group - linked -111% -77% -101% 74%

- Individual Life - Linked 51% 31% -57% -68%

- Pension - linked -100% -0.01% -111% -107%

2 Net Retention Ratio 98% 97% 98% 97%

3 Expense of Management to Gross Direct Premium Ratio 28% 29% 28% 32%

4 Commission Ratio (Gross commission paid to Gross Premium) 6% 6% 6% 6%

5 Ratio of policy holder's liabilities to shareholder's funds 1518% 1518% 1482% 1482%

6 Growth rate of shareholders' fund 12% 12% 2% 9%

7 Ratio of surplus/(deficit) to policyholders' liability 0% 1% 0% 0%

8 Change in net worth (Rs. In '000) 380,521 1,121,940 185,720 783,287

9 Profit after tax/Total Income 3% 2.98% 2% 3%

10 (Total real estate + loans)/(Cash & invested assets) 0% 0% 0% 0%

11 Total investments/(Capital + Surplus) 1614% 1614% 1577% 1577%

12 Total affiliated investments/(Capital+ Surplus) 2% 2% 3% 3%

13 Investment Yield (Annualised)

- Non linked Par (With unrealised gains/losses) -5% 5% 7% 17%

- Non linked Par (With realised gains/losses) 9% 9% 9% 9%

- Non linked Non Par (With unrealised gains/losses) -4% 5% 8% 16%

- Non linked Non Par (With realised gains/losses) 8% 8% 9% 8%

14 Conservation Ratio

-Linked 72% 76% 74% 70%

-Non Linked 75% 79% 80% 78%

-Pension (both Linked and Non Linked) 73% 71% 45% 59%

-Health 75% 79% 80% 78%

15 Persistency Ratio

For 13th month 71% 75% 62% 69%

For 25th month 51% 56% 48% 51%

For 37th month 42% 44% 39% 40%

For 49th Month 35% 36% 35% 37%

for 61st month 27% 28% 26% 25%

16 NPA Ratio

Gross NPA Ratio - - - -

Net NPA Ratio - - - -

1 (a) No. of shares 2,012,884,283 2,012,884,283 2,012,884,283 2,012,884,283

2 (b) Percentage of shareholding (Indian / Foreign) 74% : 26% 74% : 26% 74% : 26% 74% : 26%

3 (c) %of Government holding (in case of public sector insurance companies) - - - -

4(a) Basic and diluted EPS before extraordinary items (net of tax expense) for the

period (not to be annualized)

Basic - Rs.0.19

Diluted - Rs.0.19

Basic - Rs.0.56

Diluted - Rs.0.56

Basic - Rs.0.06

Diluted - Rs.0.06

Basic - Rs.0.19

Diluted - Rs.0.19

5(b) Basic and diluted EPS after extraordinary items (net of tax expense) for the

period (not to be annualized)

Basic - Rs.0.19

Diluted - Rs.0.19

Basic - Rs.0.56

Diluted - Rs.0.56

Basic - Rs.0.06

Diluted - Rs.0.06

Basic - Rs.0.19

Diluted - Rs.0.19

6 (iv) Book value per share (Rs) 5.20 5.20 4.51 4.51

Note:

4.Persistency ratios are based on annualised premiums of the individual block of policies

Equity Holding Pattern for Life Insurers

1.Shareholder's funds are net of accumulated deficit in Revenue Account, for the purpose of calculating relevant ratios

2.Ratios are based on Public Disclosure guidelines issued by IRDA dated January 28, 2010

3.Persistency ratios are estimated as prescribed by IRDA circular IRDA/ACT/CIR/MISC/035/01/2014 dated on 23 January 2014

Date : DECEMBER 31,2017

(Rs. In '000)

Sr. Particulars Total Amount

Upto 1 month 1-6 Months 7-12 Months 13-18 Months 19-24 Months 25-30 months 31-36 months

Beyond 36

months

1Claims settled but not paid to the policyholders / insured due to any

reasons except under litigation from the insured / policyholders 77,999 37,724 10,237 3,199 4,853 9,403 5,278 2,018 5,288

2 Sum due to the insured / policyholders on maturity or otherwise 1,189,895 10,185 127,893 103,332 97,687 104,914 79,312 31,241 635,331

3

Any excess collection of the premium / tax or any other charges which

is refundable to the policyholders either as terms of conditions of the

policy or as per law or as may be directed by the Authority but not

refunded so far

267,519 3,492 17,403 12,080 14,627 16,889 23,892 32,536 146,599

4

Cheques issued by the Insurer for settlement under “a”, “b” or “c” above

and cheques have not been encashed by the policyholders / insured -

Refer Note

378,260 - 30,107 46,747 54,276 104,008 37,855 11,475 93,792

Total 1,913,673 51,401 185,640 165,358 171,442 235,214 146,338 77,271 881,009

Statement showing the Age-wise Analysis of the Unclaimed Amount of the Policyholders as on December 31, 2017

Note: Item No. 4 do not include cheques within the validity period of three months amounting to Rs 275,753 thousands (Previous Year Rs. 88,488 thousands)

AGE-WISE ANALYSIS

FORM L-24 Valuation of net liabiltiies

Date : DECEMBER 31, 2017

(Rs in Lakhs)

Sl.No. ParticularDECEMBER 31,

2017

DECEMBER 31,

2016

1 Linked

a Life 641,554 625,726

b General Annuity - -

c Pension 26,528 27,880

d Health - -

2 Non-Linked - -

a Life 879,287 663,712

b General Annuity 1,869 912

c Pension 10,555 8,218

d Health 7,346 3,436

Valuation of net liabiltiies

L-25-(i)-Geog Dist-Individuals IRDA Periodic Disclosures

FORM L-25- (i) : Geographical Distribution Channel - Individuals

Registration No. and Date of Registration with the IRDA:117, August 6, 2001 Date : December 31, 2017

(Rs in Lakhs)

No. of Policies No. of Lives Premium Sum Assured No. of Policies No. of Lives Premium Sum Assured No. of Policies No. of Lives Premium Sum Assured

1 Andhra Pradesh 538 538 271 4,992 1,904 1,904 1,267 32,753 2,442 2,442 1,538 37,745

2 Arunachal Pradesh 12 12 49 295 6 6 13 86 18 18 62 381

3 Assam 461 461 340 4,600 964 964 762 18,437 1,425 1,425 1,101 23,037

4 Bihar 4,120 4,120 1,404 14,944 4,549 4,549 1,744 18,444 8,669 8,669 3,148 33,388

5 Chattisgarh 430 430 211 1,950 1,275 1,275 506 7,200 1,705 1,705 718 9,150

6 Goa 27 27 20 297 178 178 128 2,417 205 205 148 2,713

7 Gujarat 293 293 159 3,008 1,784 1,784 1,179 26,174 2,077 2,077 1,338 29,182

8 Haryana 1,022 1,022 506 4,856 4,162 4,162 2,367 22,875 5,184 5,184 2,873 27,731

9 Himachal Pradesh 84 84 48 487 7,194 7,194 3,967 33,355 7,278 7,278 4,015 33,842

10 Jammu & Kashmir 3,118 3,118 781 13,255 12,151 12,151 3,290 48,974 15,269 15,269 4,071 62,229

11 Jharkhand 509 509 258 2,124 1,069 1,069 518 4,848 1,578 1,578 776 6,972

12 Karnataka 2,050 2,050 682 65,060 10,807 10,807 5,151 521,596 12,857 12,857 5,833 586,656

13 Kerala 590 590 436 5,451 2,825 2,825 2,551 32,382 3,415 3,415 2,986 37,832

14 Madhya Pradesh 1,445 1,445 388 5,473 3,210 3,210 1,354 21,024 4,655 4,655 1,742 26,498

15 Maharashtra 591 591 288 6,161 5,342 5,342 4,996 115,811 5,933 5,933 5,284 121,972

16 Manipur 14 14 5 47 45 45 15 182 59 59 21 229

17 Meghalaya 8 8 3 50 26 26 12 150 34 34 16 201

18 Mirzoram - - - - 6 6 2 15 6 6 2 15

19 Nagaland - - - - 2 2 4 19 2 2 4 19

20 Orissa 1,054 1,054 392 4,391 2,046 2,046 815 11,431 3,100 3,100 1,207 15,822

21 Punjab 3,244 3,244 1,692 15,145 10,563 10,563 6,657 66,534 13,807 13,807 8,349 81,678

22 Rajasthan 1,442 1,442 588 7,337 1,989 1,989 803 10,655 3,431 3,431 1,391 17,992

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

24 Tamil Nadu 306 306 134 1,838 2,566 2,566 2,078 36,553 2,872 2,872 2,212 38,391

25 Telangana 140 140 49 613 1,350 1,350 922 20,081 1,490 1,490 972 20,694

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

27 Uttar Pradesh 6,803 6,803 2,408 26,233 20,565 20,565 10,393 99,939 27,368 27,368 12,801 126,171

28 UttraKhand 863 863 405 4,254 1,992 1,992 1,066 13,161 2,855 2,855 1,471 17,415

29 West Bengal 1,914 1,914 848 8,813 4,644 4,644 3,243 39,143 6,558 6,558 4,091 47,956

30 Andaman & Nicobar Islands 2 2 0 4 46 46 16 156 48 48 17 160

31 Chandigarh 7 7 3 27 602 602 370 4,237 609 609 373 4,264

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

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

34 Delhi 463 463 229 3,920 16,560 16,560 11,860 156,431 17,023 17,023 12,089 160,351

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

36 Puducherry 3 3 0 5 16 16 6 86 19 19 6 91

Company Total 31,553 31,553 12,599 205,630 120,438 120,438 68,056 1,365,149 151,991 151,991 80,655 1,570,778

Geographical Distribution of Total Business - Individuals - April 2017 to December 2017

State / Union TerritorySl.No.

Rural Urban Total Business

FORM L-25- (ii) : Geographical Distribution Channel - GROUP


(Rs in Lakhs)

No. of Policies No. of Lives Premium Sum Assured No. of Policies No. of Lives Premium Sum Assured No. of Policies No. of Lives Premium Sum Assured

1 Andhra Pradesh - 58 15 699 8 59,753 51 254,467 8 59,811 66 255,166

2 Arunachal Pradesh - 1 0 10 - 1 1 40 - 2 2 50

3 Assam - 18 2 111 1 108 12 758 1 126 14 869

4 Bihar - 1,168 160 9,133 - 3,298 174 12,209 - 4,466 334 21,341

5 Chattisgarh - 104 22 920 - 349 134 5,215 - 453 156 6,136

6 Goa - - - - - 268 6 832 - 268 6 832

7 Gujarat - 50 9 671 12 34,183 156 23,678 12 34,233 165 24,348

8 Haryana - 441 75 3,874 8 49,428 441 376,624 8 49,869 516 380,498

9 Himachal Pradesh - 53 11 456 - 2,098 412 17,208 - 2,151 423 17,664

10 Jammu & Kashmir - 6,428 348 23,098 1 36,494 1,475 289,730 1 42,922 1,822 312,828

11 Jharkhand - 80 10 657 - 938 41 7,741 - 1,018 51 8,398

12 Karnataka - 446 41 3,187 19 56,835 753 805,616 19 57,281 794 808,803

13 Kerala - 116 20 1,302 - 1,266 526 16,544 - 1,382 546 17,846

14 Madhya Pradesh - 155 41 1,634 - 1,159 451 16,683 - 1,314 492 18,316

15 Maharashtra - 775 82 4,990 16 86,452 668 1,038,994 16 87,227 750 1,043,983

16 Manipur - 1 0 10 - - - - - 1 0 10

17 Meghalaya - 6 7 148 - 2 0 8 - 8 7 156

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

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

20 Orissa - 136 29 1,350 - 445 72 8,841 - 581 101 10,192

21 Punjab - 269 43 2,518 - 632 216 9,571 - 901 259 12,089

22 Rajasthan - 533 113 6,226 3 4,263 234 16,578 3 4,796 347 22,803

23 Sikkim - 2 1 37 - 9 7 207 - 11 8 244

24 Tamil Nadu - 1,767 113 8,706 2 14,560 669 (9,281) 2 16,327 782 (575)

25 Telangana - 7 1 112 4 4,870 595 (609,688) 4 4,877 596 (609,576)

26 Tripura - 3 1 51 - 6 2 76 - 9 4 126

27 Uttar Pradesh - 1,078 193 8,955 4 14,618 1,083 131,217 4 15,696 1,275 140,172

28 UttraKhand - 305 72 3,730 - 536 165 8,384 - 841 236 12,114

29 West Bengal - 834 114 7,003 1 928 273 12,037 1 1,762 386 19,040

30 Andaman & Nicobar Islands - 8 1 76 - 45 6 443 - 53 7 519

31 Chandigarh - 4 3 109 - 178 95 6,019 - 182 98 6,129

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

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

34 Delhi - 12 2 169 12 14,718 439 74,753 12 14,730 440 74,922

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

36 Puducherry - 20 0 43 - 159 3 473 - 179 3 516

Company Total - 14,878 1,530.23 89,983 91 388,599 9,158 2,515,977 91 403,477 10,688 2,605,959

Geographical Distribution of Total Business - Group - April 2017 to December 2017

Sl.No. State / Union Territory

Rural Urban Total Business

FORM L-26-INVESTMENT ASSETS(LIFE INSURERS)-3A

(Read with Regulation 10)

Name of the Insurer: PNB Metlife India Insurance Company Limited

Registration Number: 117 PART - A Statement as on: 31st Dec 2017

Statement of Investment Assets (Life Insurers)

(Business within India)

Periodicity of Submission: Quarterly Rs.lakhs

Section I

No PARTICULARS SCH Reconciliation of Investment Assets

1 Investments (Sharehoders) 8 93,906 Total Investment Assets (as per Balance Sheet) 1,687,105

Investments (Policyholders) 8A 929,568 Balance Sheet Value of:

Investments (Linked Liabilities) 8B 663,632 A. Life Fund 1,003,874

2 Loans 9 3,489 B. Pention & General Annuity and Group Business 19,599

3 Fixed Assets 10 7,481 C. Unit Linked Funds 663,632

4 Current Assets 1,687,105

a. Cash & Bank Balance 11 17,829

b. Advances & Other Assets 12 69,705

5 Current Liabilities

a. Current Liabilities 13 89,391

b. Provisions 14 2,541

c. Misc. Exp not Written Off 15 0

d. Debit Balance of P&L A/c

Application of Funds as per Balance Sheet (A) 1,693,677

Less: Other Assets SCH Amount

1 Loans (if any) 9 3,489

2 Fixed Assets (if any) 10 7,481

3 Cash & Bank Balance (if any) 11 17,829

4 Advances & Other Assets (if any) 12 69,705

5 Current Liabilities 13 89,391

6 Provisions 14 2,541

7 Misc. Exp not Written Off 15 -

8 Investments held outside India -

9 Debit Balance of P&L A/c -

TOTAL (B) 6,571

Investment Assets (A-B) 1,687,105

Section II

NON - LINKED BUSINESS

Balance FRSM+ UL-Non Unit Res PAR NON PAR

(a) (b) (c) (d) (e) (f) = [b+c+d+e] (g) = [(f) - (a)]% (h) (i)=(a+f+h) (j)

1 Central Govt. SecNot Less than

25%- 43,651 3,677 312,585 132,087 492,001 49 - 492,001 512,965

2Not Less than

50%- 63,070 5,897 337,196 139,231 545,393 54 - 545,393 566,731

3 Investment subject to Exposure Norms - - - - - - - - - -

a. Infrastructure/ Social/ Housing Sector - - - - - - - - - -

1. Approved Investments - 17,402 1,480 173,984 53,688 246,553 25 48 246,601 254,221

2. Other Investments - - - - 497 497 0 - 497 493

b. i) Approved Investments - 10,395 8,085 120,276 63,682 202,438 20 947 203,386 204,016

ii) Other Investments - 2,998 - 3,870 1,130 7,998 1 - 7,998 8,112

TOTAL LIFE FUND 100% - 93,864 15,462 635,326 258,227 1,002,879 100 995 1,003,874 1,033,574

PAR NON PAR

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

1 Central Govt. Sec 7,479 2,111 9,591 49 - 9,591 9,767

2 7,577 2,111 9,688 49 - 9,688 9,869

3 Balance in Approved investment 4,894 5,017 9,911 51 - 9,911 9,945

12,471 7,128 19,599 100 - 19,599 19,814

LINKED BUSINESS

PAR (a) NON PAR (b)

1 Approved Investments - 617,068 617,068 93.0

2 Other Investments - 46,564 46,564 7.0

- 663,632 663,632 100

A. LIFE FUND % as per Reg

SH PHBook Value

(SH+PH)Actual % FVC Amount Total Fund

Not Exceeding 60%

Market Value

Central Govt Sec, State Govt Sec or Other Approved Securities (incl

(i) above)

Not Less than

15%

Not exceeding

35%

B. PENSION & GENERAL ANNUITY AND GROUP BUSINESS % as per Reg

PHBook Value Actual % FVC Amount Total Fund Market Value

Not Less than 20%

Central Govt Sec, State Govt Sec or Other Approved Securities (incl Not Less than 40%

TOTAL PENSION, GENERAL ANNUITY FUND 100%

C. LINKED FUNDS % as per RegPH

Actual % (d)

Not Less than 75%

Not More than 25%

TOTAL LINKED INSURANCE FUND 100%

Total Fund (c) =

(a+b)

FORM L-27-UNIT LINKED BUSINESS-3A


Unit Linked Insurance Business

Name of the Insurer: PNB Metlife India Insurance Company Limited ( Formerly known as MetLife India Insurance Co. Ltd )

Registration Number: 117

Link to Item 'C' of FORM 3A (Part A)

Periodicty of Submission: Quarterly

Statement as on: 31st Dec 2017

PARTICULARS

Opening Balance (Market Value) 23,191.18 35,549.17 43,147.69 66,639.66 60,192.45 5,376.87 9,262.69 44.01 2,110.58 71,354.48

Add: Inflow during the Quarter 12.65 252.02 614.70 2,377.90 1,177.48 84.53 27.26 17.33 16.09 301.83

Increase / (Decrease) Value of Inv [Net] 1,198.28 1,186.70 1,387.51 937.64 4,214.44 108.71 (39.66) 0.53 20.77 4,459.86

Less: Outflow during the Quarter 1,297.12 1,215.48 3,399.55 1,956.27 2,112.05 63.26 245.20 23.69 177.64 4,063.83

TOTAL INVESTIBLE FUNDS (MKT VALUE)

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

Approved Investments (>=75%)

Central Govt Securities 733.75 3.2% 1,973.76 5.5% 5,563.90 13.3% 67,929.54 99.9% - 0.0% 1,001.87 18.2% 2,027.49 22.5% 24.62 64.5% 639.59 32.5% - 0.0%

State Governement Securities - 0.0% 1,748.49 4.9% 277.56 0.7% - 0.0% - 0.0% 308.00 5.6% - 0.0% - 0.0% - 0.0% - 0.0%

Other Approved Securities - 0.0% 15.93 0.0% 17.29 0.0% - 0.0% - 0.0% - 0.0% 7.44 0.1% - 0.0% 2.66 0.1% - 0.0%

Corporate Bonds 1,275.55 5.5% 4,266.47 11.9% 5,219.81 12.5% - 0.0% - 0.0% 931.53 16.9% 2,698.21 30.0% - 0.0% 368.19 18.7% - 0.0%

Infrastructure Bonds 1,713.01 7.4% 7,207.35 20.1% 6,045.35 14.5% - 0.0% - 0.0% 1,357.35 24.6% 3,228.62 35.9% - 0.0% 415.48 21.1% - 0.0%

Equity 17,552.27 76.0% 18,106.83 50.6% 23,721.40 56.8% - 0.0% 55,286.16 87.1% 1,711.46 31.1% - 0.0% - 0.0% 454.25 23.1% 63,236.54 87.8%

Money Market Investments 97.90 0.4% 1,799.40 5.0% 237.70 0.6% 281.25 0.4% 1,258.30 2.0% 97.00 1.8% 284.50 3.2% 16.15 42.3% 55.80 2.8% 755.60 1.0%

Mutual funds - 0.0% - 0.0% - 0.0% - 0.0% - 0.0% - 0.0% - 0.0% - 0.0% - 0.0% - 0.0%

Deposit with Banks - 0.0% - 0.0% - 0.0% - 0.0% - 0.0% - 0.0% - 0.0% - 0.0% - 0.0% - 0.0%

Sub Total (A) 21,372.47 92.5% 35,118.23 98.2% 41,083.01 98.4% 68,210.79 100.3% 56,544.46 89.1% 5,407.21 98.2% 8,246.26 91.6% 40.77 106.8% 1,935.97 98.3% 63,992.14 88.8%

Current Assets:

Accrued Interest 109.68 0.5% 451.44 1.3% 476.70 1.1% - 0.0% 0.00 0.0% 78.24 1.4% 181.47 2.0% - 0.0% 22.75 1.2% 0.00 0.0%

Dividend Recievable - 0.0% - 0.0% - 0.0% - 0.0% - 0.0% - 0.0% - 0.0% - 0.0% - 0.0% - 0.0%

Bank Balance 0.10 0.0% 0.91 0.0% 0.17 0.0% 0.17 0.0% 0.63 0.0% 0.10 0.0% 0.18 0.0% 0.01 0.0% 0.05 0.0% 0.39 0.0%

Receivable for Sale of Investments 46.53 0.2% 369.56 1.0% 530.99 1.3% - 0.0% 480.22 0.8% 0.00 0.0% 577.77 6.4% - 0.0% 0.99 0.1% 0.00 0.0%

Other Current Assets (for Investments) - 0.0% 33.34 0.1% - 0.0% - 0.0% 141.90 0.2% - 0.0% 0.16 0.0% - 0.0% 1.76 0.1% - 0.0%

Less: Current Liabilities

Payable for Investments 0.00 0.0% 399.67 1.1% 512.41 1.2% - 0.0% 313.65 0.5% 0.00 0.0% - 0.0% - 0.0% 0.00 0.0% 179.07 0.2%

Fund Mgmt Charges Payable 3.93 0.0% 3.99 0.0% 6.10 0.0% 3.31 0.0% 7.65 0.0% 0.35 0.0% 0.57 0.0% 0.00 0.0% 0.29 0.0% 8.69 0.0%

Other Current Liabilities (for Investments) 118.53 0.5% 24.62 0.1% 161.97 0.4% 208.71 0.3% 131.44 0.2% 0.05 0.0% 0.18 0.0% 2.59 6.8% 7.40 0.4% 141.05 0.2%

Sub Total (B) 33.85 0.1% 426.97 1.2% 327.40 0.8% (211.85) -0.3% 170.02 0.3% 77.95 1.4% 758.83 8.4% (2.59) -6.8% 17.86 0.9% (328.42) -0.5%

Other Investments (<=25%)

Corporate Bonds - 0.0% - 0.0% - 0.0% - 0.0% - 0.0% - 0.0% - 0.0% - 0.0% - 0.0% - 0.0%

Infrastructure Bonds - 0.0% - 0.0% - 0.0% - 0.0% - 0.0% - 0.0% - 0.0% - 0.0% - 0.0% - 0.0%

Equity 256.94 1.1% 227.21 0.6% 339.94 0.8% - 0.0% 1,169.97 1.8% 21.69 0.4% - 0.0% - 0.0% 7.09 0.4% 1,028.11 1.4%

Mutual funds 1,441.73 6.2% - 0.0% - 0.0% - 0.0% 5,587.87 8.8% - 0.0% - 0.0% - 0.0% 8.86 0.4% 7,360.51 10.2%

Others - 0.0% - 0.0% - 0.0% - 0.0% - 0.0% - 0.0% - 0.0% - 0.0% - 0.0% - 0.0%

Sub Total (C) 1,698.67 7.4% 227.21 0.6% 339.94 0.8% - 0.0% 6,757.84 10.6% 21.69 0.4% - 0.0% - 0.0% 15.95 0.8% 8,388.62 11.6%

Total (A + B + C) 23,104.99 100.0% 35,772.41 100.0% 41,750.35 100.0% 67,998.94 100.0% 63,472.32 100.0% 5,506.85 100.0% 9,005.09 100.0% 38.18 100.0% 1,969.79 100.0% 72,052.34 100.0%

Fund Carried Forward (as per LB 2) 23,104.99 35,772.41 41,750.35 67,998.94 63,472.32 5,506.85 9,005.09 38.18 1,969.79 72,052.34

ULIF00525/01/05ACCELE

RATO117

ULIF01015/12/09BALANCER2

F117

ULIF00425/01/05BALANCE

RFN117

ULIF01721/12/10DISCONTIN

U117

ULIF01315/12/09FLEXICAPFN

117

ULGF00205/06/04GRABALAN

CE117

ULGF00105/06/04GRADE

BTFND117

ULIF01909/10/15LIQUIDF

UND117

ULIF00325/01/05MODERA

TORF117

ULIF01115/12/09MULTIPLIE21

17

23,104.99 35,772.41 41,750.35 67,998.94 63,472.32 5,506.85 9,005.09 38.18 1,969.79 72,052.34

ULIF01315/12/09FLEXICAPFN

INVESTMENT OF UNIT FUND

ULIF00525/01/05ACCELE ULIF01015/12/09BALANCER2 ULIF00425/01/05BALANCE ULIF01721/12/10DISCONTIN ULGF00205/06/04GRABALAN ULGF00105/06/04GRADE ULIF01909/10/15LIQUIDF ULIF00325/01/05MODERA ULIF01115/12/09MULTIPLIE21

FORM L-27-UNIT LINKED BUSINESS-3A


Unit Linked Insurance Business



Periodicty of Submission: Quarterly

Statement as on: 31st Dec 2017

PARTICULARS

Opening Balance (Market Value)

Add: Inflow during the Quarter

Increase / (Decrease) Value of Inv [Net]

Less: Outflow during the Quarter

TOTAL INVESTIBLE FUNDS (MKT VALUE)

Approved Investments (>=75%)

Central Govt Securities

State Governement Securities

Other Approved Securities

Corporate Bonds

Infrastructure Bonds

Equity

Money Market Investments

Mutual funds

Deposit with Banks

Sub Total (A)

Current Assets:

Accrued Interest

Dividend Recievable

Bank Balance

Receivable for Sale of Investments

Other Current Assets (for Investments)

Less: Current Liabilities

Payable for Investments

Fund Mgmt Charges Payable

Other Current Liabilities (for Investments)

Sub Total (B)

Other Investments (<=25%)

Corporate Bonds

Infrastructure Bonds

Equity

Mutual funds

Others

Sub Total (C)

Total (A + B + C)

Fund Carried Forward (as per LB 2)

INVESTMENT OF UNIT FUND

PART - B

Rs. Lakhs

275.81 192,058.73 6,526.26 7,337.43 105,705.01 16,924.40 6,866.88 9,931.54

90.47 818.85 167.63 681.80 760.21 1,302.16 1,078.06 63.54

20.75 12,594.96 (54.49) (59.57) (712.95) (104.30) 748.21 1,170.04

42.03 13,457.97 345.81 1,132.90 3,405.35 2,234.06 172.57 440.27

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

Actual

- 0.0% - 0.0% 4,870.10 77.4% 5,669.47 83.0% 20,795.06 20.3% 4,644.65 29.2% - 0.0% - 0.0% 115,873.79 17.5%

- 0.0% - 0.0% 768.35 12.2% 852.55 12.5% 4,755.36 4.6% 174.23 1.1% - 0.0% - 0.0% 8,884.53 1.3%

- 0.0% - 0.0% 4.19 0.1% 30.66 0.4% 6.03 0.0% - 0.0% - 0.0% - 0.0% 84.21 0.0%

- 0.0% - 0.0% - 0.0% - 0.0% 39,277.77 38.4% 5,986.65 37.7% - 0.0% - 0.0% 60,024.18 9.0%

- 0.0% - 0.0% - 0.0% - 0.0% 30,311.98 29.6% 3,873.98 24.4% - 0.0% - 0.0% 54,153.11 8.2%

294.23 85.3% 163,983.94 85.4% - 0.0% - 0.0% - 0.0% - 0.0% 7,514.24 88.2% 9,708.82 90.5% 361,570.14 54.5%

9.74 2.8% 319.40 0.2% 589.50 9.4% 246.15 3.6% 4,485.25 4.4% 555.10 3.5% 548.00 6.4% 465.80 4.3% 12,102.54 1.8%

- 0.0% - 0.0% - 0.0% - 0.0% - 0.0% - 0.0% - 0.0% - 0.0% - 0.0%

- 0.0% - 0.0% - 0.0% - 0.0% - 0.0% - 0.0% - 0.0% - 0.0% - 0.0%

303.96 88.1% 164,303.34 85.6% 6,232.13 99.0% 6,798.82 99.6% 99,631.46 97.3% 15,234.61 95.9% 8,062.24 94.6% 10,174.62 94.9% 612,692.50 92.3%

- 0.0% 0.00 0.0% 54.49 0.9% 45.79 0.7% 2,630.86 2.6% 338.22 2.1% - 0.0% - 0.0% 4,389.64 0.7%

- 0.0% - 0.0% - 0.0% - 0.0% - 0.0% - 0.0% - 0.0% - 0.0% - 0.0%

0.01 0.0% 0.19 0.0% 0.33 0.0% 0.17 0.0% 2.29 0.0% 0.29 0.0% 0.30 0.0% 0.27 0.0% 6.56 0.0%

5.58 1.6% 483.11 0.3% 0.00 0.0% - 0.0% - 0.0% 866.66 5.5% 21.00 0.2% 53.55 0.5% 3,435.97 0.5%

10.77 3.1% - 0.0% 9.56 0.2% - 0.0% 97.60 0.1% - 0.0% 223.27 2.6% - 0.0% 518.34 0.1%

- 0.0%

3.34 1.0% 0.00 0.0% - 0.0% - 0.0% - 0.0% 512.18 3.2% 106.14 1.2% - 0.0% 2,026.46 0.3%

0.04 0.0% 32.51 0.0% 0.61 0.0% 0.83 0.0% 9.92 0.0% 1.93 0.0% 1.01 0.0% 1.83 0.0% 83.53 0.0%

3.93 1.1% 970.13 0.5% 2.31 0.0% 17.19 0.3% 5.36 0.0% 37.48 0.2% - 0.0% 32.07 0.3% 1,865.00 0.3%

9.04 2.6% (519.33) -0.3% 61.46 1.0% 27.95 0.4% 2,715.47 2.7% 653.58 4.1% 137.41 1.6% 19.93 0.2% 4,375.52 0.7%

- 0.0% - 0.0% - 0.0% - 0.0% - 0.0% - 0.0% - 0.0% - 0.0% - 0.0%

- 0.0% - 0.0% - 0.0% - 0.0% - 0.0% - 0.0% - 0.0% - 0.0% - 0.0%

4.87 1.4% 2,931.42 1.5% - 0.0% - 0.0% - 0.0% - 0.0% 320.93 3.8% 530.30 4.9% 6,838.48 1.0%

27.13 7.9% 25,299.14 13.2% - 0.0% - 0.0% - 0.0% - 0.0% - 0.0% - 0.0% 39,725.25 6.0%

- 0.0% - 0.0% - 0.0% - 0.0% - 0.0% - 0.0% - 0.0% - 0.0% - 0.0%

32.00 9.3% 28,230.56 14.7% - 0.0% - 0.0% - 0.0% - 0.0% 320.93 3.8% 530.30 4.9% 46,563.72 7.0%

345.00 100.0% 192,014.57 100.0% 6,293.59 100.0% 6,826.77 100.0% 102,346.93 100.0% 15,888.20 100.0% 8,520.58 100.0% 10,724.85 100.0% 663,631.75 100.0%

345.00 192,014.57 6,293.59 6,826.77 102,346.93 15,888.20 8,520.58 10,724.85 663,631.75

662,494.83

ULIF01809/10/15MULTIPLIE31

17

ULIF00625/01/05MULTIPLIER1

17

ULIF00815/12/09PRESERVE

R2117

ULIF00125/01/05PRESERVE

RF117

ULIF00915/12/09PROTECTOR

2117

ULIF00225/01/05PROTECTO

RF117

ULIF01215/12/09VIRTUE2

FND117

ULIF00719/02/08VIRTUEFUND

117Total of All Funds

9,844.52

27,077.44

35,785.05

10,724.85 663,631.75 345.00 192,014.57 6,293.59 6,826.77 102,346.93

ULIF00125/01/05PRESERVE ULIF00915/12/09PROTECTOR

15,888.20 8,520.58

ULIF01215/12/09VIRTUE2ULIF01809/10/15MULTIPLIE31 ULIF00625/01/05MULTIPLIER1 ULIF00815/12/09PRESERVE ULIF00225/01/05PROTECTO ULIF00719/02/08VIRTUEFUND Total of All Funds

FORM L-28-ULIP-NAV-3A



Registration Number: 117 PART - C

Link to FORM 3A (Part B)

Statement for the period: 01 Oct 2017 to 31 Dec 2017

Periodicity of Submission: Quarterly

Statement of NAV of Segregated Funds Rs. Lakhs

1 ACCELERATOR ULIF00525/01/05ACCELERATO117 25-Jan-05 NON PAR 23,104.99 40.87 40.87 38.83 37.81 36.59 33.61 21.6% 7.2% 40.9075

2 BALANCER ULIF00425/01/05BALANCERFN117 25-Jan-05 NON PAR 41,750.35 34.15 34.15 33.05 32.34 31.33 29.71 15.0% 7.3% 34.218

3 BALANCER II FUND ULIF01015/12/09BALANCER2F117 15-Dec-09 NON PAR 35,772.41 19.42 19.42 18.78 18.33 17.64 16.63 16.8% 8.9% 19.424

4 DISCONTINUED POLICY FUND ULIF01721/12/10DISCONTINU117 21-Dec-10 NON PAR 67,998.94 16.37 16.37 16.14 15.92 15.70 15.47 5.8% 6.6% 16.3687

5 FLEXI CAP FUND ULIF01315/12/09FLEXICAPFN117 15-Dec-09 NON PAR 63,472.32 22.09 22.09 20.63 19.90 18.99 16.95 30.3% 10.3% 22.0931

6 GRATUITY BALANCED ULGF00205/06/04GRABALANCE117 05-Jun-04 NON PAR 5,506.85 21.29 21.29 20.87 20.52 19.84 19.21 10.9% 8.6% 21.2997

7 GRATUITY DEBT ULGF00105/06/04GRADEBTFND117 05-Jun-04 NON PAR 9,005.09 18.23 18.23 18.31 18.08 17.60 17.63 3.5% 8.2% 18.3957

8 LIQUID FUND ULIF01909/10/15LIQUIDFUND117 09-Oct-15 NON PAR 38.18 10.70 10.70 10.57 10.45 10.33 10.21 4.8% NA 10.7033

9 MODERATOR ULIF00325/01/05MODERATORF117 25-Jan-05 NON PAR 1,969.79 27.49 27.49 27.22 26.88 26.16 25.61 7.3% 6.8% 27.6605

10 MULTIPLIER ULIF00625/01/05MULTIPLIER117 25-Jan-05 NON PAR 192,014.57 42.68 42.68 40.01 38.84 37.60 33.91 25.9% 6.8% 42.7088

11 MULTIPLIER II FUND ULIF01115/12/09MULTIPLIE2117 15-Dec-09 NON PAR 72,052.34 19.28 19.28 18.13 17.49 16.85 15.21 26.7% 7.4% 19.2901

12 MULTIPLIER III FUND ULIF01809/10/15MULTIPLIE3117 09-Oct-15 NON PAR 345.00 12.19 12.19 11.38 10.99 10.57 9.55 27.7% NA 12.1916

13 PRESERVER ULIF00125/01/05PRESERVERF117 25-Jan-05 NON PAR 6,826.77 22.24 22.24 22.43 22.32 21.70 21.91 1.5% 6.7% 22.5953

14 PRESERVER II FUND ULIF00815/12/09PRESERVER2117 15-Dec-09 NON PAR 6,293.59 17.95 17.95 18.10 18.02 17.51 17.67 1.6% 6.9% 18.2486

15 PROTECTOR ULIF00225/01/05PROTECTORF117 25-Jan-05 NON PAR 15,888.20 24.36 24.36 24.51 24.25 23.66 23.65 3.0% 7.2% 24.6039

16 PROTECTOR II FUND ULIF00915/12/09PROTECTOR2117 15-Dec-09 NON PAR 102,346.93 18.91 18.91 19.04 18.83 18.35 18.30 3.3% 7.6% 19.0799

17 VIRTUE ULIF00719/02/08VIRTUEFUND117 19-Feb-08 NON PAR 10,724.85 23.14 23.14 20.67 19.68 19.28 17.33 33.5% 12.4% 23.146

18 VIRTUE II FUND ULIF01215/12/09VIRTUE2FND117 15-Dec-09 NON PAR 8,520.58 23.83 23.83 21.56 20.22 19.60 17.59 35.5% 13.8% 23.8335

Total 663,631.75

Highest

NAV since

inception

No Fund Name SFIN Date of Launch Par/Non Par

Assets Under

Management on

the above date

NAV as per

LB 2

NAV as on

the above

date*

Previous Qtr

NAV

2nd

Previous Qtr

NAV

3rd

Previous Qtr

NAV

4th

Previous Qtr

NAV

Return /

Yield

3 Year

Rolling

CAGR

FORM L-29 Detail regarding debt securities - Non Linked Fund


Date: Dec 31st, 2017

(Rs. Lakhs)

As at 31st Dec

2017

as % of total

for this class

As at 31st

Dec 2016

as % of

total for

this class

As at 31st

Dec 2017

as % of

total

for this

class

As at 31st

Dec 2016

as % of total

for this class

Break down by credit rating

AAA rated 431,863 42% 292,775 35% 423,610 42% 274,227 36%

AA or better 14,556 1% 29,756 4% 14,571 1% 29,129 4%

Rated below AA but above A 8,112 1% 0% 7,998 1% 0%

Rated below A but above B 493 0.00 486 0% 497 0.00 491 0%

Any other

- Soverign 576,600 56% 502,180 61% 555,081 55% 452,629 60%

- A1+ 0% 0% 0% 0%

BREAKDOWN BY

RESIDUALMATURITY

Up to 1 year 45,024 4% 35,644 4% 44,744 4% 35,365 5%

more than 1 year and upto

3years 33,671 3% 56,651 7% 33,070 3% 54,893 7%

More than 3 years and up to

7years 173,919 17% 98,822 12% 168,638 17% 92,344 12%


10 years 190,695 18% 143,590 17% 189,160 19% 135,216 18%


15 years 105,338 10% 61,588 7% 103,231 10% 55,700 7%


20 years 47,477 5% 47,106 6% 46,116 5% 42,963 6%

Above 20 years 435,501 42% 381,795 46% 416,798 42% 339,995 45%

Breakdown by type of the

issurer

a. Central Government 527,557 51% 466,525 57% 506,335 51% 418,924 55%

b. State Government 49,043 5% 35,654 4% 48,747 5% 33,705 4%

c.Corporate Securities 455,024 44% 323,017 39% 446,675 45% 303,847 40%

Note

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

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

PERIODIC DISCLOSURES

Detail Regarding debt securitiesMARKET VALUE Book Value

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

regulations.

FORM L-29 Detail regarding debt securities - Linked Fund


Date: Dec 31st, 2017

(Rs. Lakhs)

As at 31st Dec

2017

as % of total

for this class

As at 31st

Dec 2016

as % of

total for

this class

As at 31st

Dec 2017

as % of

total for

this

class

As at 31st

Dec 2016

as % of total

for this class

Break down by credit rating

AAA rated 109,692 46% 85,215 37% 107,393 45% 80,768 36%

AA or better 4,485 0.02 3,053 1% 4,505 0.02 3,004 1%

Rated below AA but above A - - - - -

Rated below A but above B - - - - -

Any other

- Soverign 124,843 52% 144,849 62% 125,647 53% 141,295 63%

- A1+ - - - -

BREAKDOWN BY

RESIDUALMATURITY

Up to 1 year 71,928 30% 64,927 28% 71,892 30% 64866 29%

more than 1 year and upto

3years 11,494 5% 21,516 9% 11,325 5% 20914 9%


7years 65,400 27% 32,628 14% 63,996 27% 30536 14%


10 years 62,874 26% 63,573 27% 62,514 26% 60693 27%


15 years 13,198 6% 21,431 9% 13,520 6% 20907 9%


20 years 1,467 1% 7,578 3% 1,529 1% 7197 3%

Above 20 years 12,659 5% 21,463 9% 12,768 5% 19954 9%

Breakdown by type of the

issurer

a. Central Government 115,958 49% 131,990 57% 116,771 49% 128,908 57%

b. State Government 8,885 4% 12,859 6% 8,876 4% 12,386 6%

c.Corporate Securities 114,177 48% 88,267 38% 111,898 47% 83,772 37%

Note

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

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


Detail Regarding debt securitiesMARKET VALUE Book Value

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

regulations.

FORM L-30 : Related Party Transactions

Registration No. and Date of Registration with the IRDA:117, August 6, 2001 Date: December 31st, 2017

(Rs in Lakhs)

FOR THE

QUARTER

ENDED

DECEMBER 31,

2017

UP TO THE

QUARTER

ENDED

DECEMBER 31,

2017

FOR THE

QUARTER

ENDED

DECEMBER 31,

2016

UP TO THE

QUARTER

ENDED

DECEMBER 31,

2016

a) Peanut License fee

Charge 9 26 9 27

Payable 9 9 27 27

b) Conference expenses/Travel costs

Charge NIL NIL NIL 53

Payable NIL NIL NIL NIL

c) Information technology expenses

Charge 97 131 NIL 14

Recoverable 97 97 NIL NIL

d) Travel and other costs

Charge 5 31 35 91

Recoverable 5 5 35 35

e) Compensation costs

Charge 188 614 275 789


a) Commission

Charge 3,985 9,502 2,957 7,225

Payable 1,028 1,028 972 972

b) Bank Charges

Charge 28 85 17 38

Payable 46 46 10 10

Recoverable 46 46 NIL NIL

c) Claims Settled

Charge 2 2 2 2


d)Premium received

Charge NIL NIL NIL 45

Payable 2 2 17 17

e) Bank balances ( Current account/short

term deposit)

Charge NIL NIL NIL NIL

Recoverable 7,869 7,869 8,196 8,196

f) Interest/Dividend received

Charge 54 160 96 313


g) Investment in Fixed deposit , Bond &

Equity

Charge NIL NIL NIL NIL

Recoverable 2,502 2,502 2,977 2,977

Managerial Remunaration NIL (31) 131 398


Employee benefits NIL 215 NIL NIL


Managerial Remunaration 250 250 NIL NIL

Payable 216 216 NIL NIL


Related Party Transactions

Sl.No. Name of the Related PartyNature of Relationship with

the CompanyDescription of Transactions / Categories

Consideration paid / received

Managing Director

1 MetLife International Holdings Inc Shareholder

2 Punjab National Bank Shareholder

3 Tarun Chugh Managing Director

Interim CEO & Principal

OfficerAshish Srivastava4

FORM L-31

Date : December 31, 2017

BOARD OF DIRECTORS Details of change in the period

Sl. No. Name of person Role/Designation

1 Sanjiv Sharan Director Appointed w.e.f. 08th May, 2017

2 Christopher George Townsend Director-Chairman

3 Pheroze Kersasp Mistry Director

4 Vijay Kumar Chopra Independent Director Retired w.e.f 05th August, 2017

5 Surbhit Dabriwala Director

6 Gaurav Deepak Director

7 Bharat Kannan Director Appointed w.e.f. 02nd August, 2017

8 Sunil Mehta Director Appointed w.e.f. 02nd August, 2017

9 Lyndon Oliver Director

10 Ashish Kumar Srivastava Managing Director and CEO Appointed w.e.f 01st October, 2017

11 Erach Kotwal Director

12 Anisha Motwani Independent Director

13 Archana Hingorani Independent Director Appointed w.e.f. 30th June, 2017

14 Usha Ananthasubramanian Director Resigned w.e.f. 05th May, 2017

15 Kastity Ha Director Resigned w.e.f 19th May , 2017

16 Balachandra Muthuswamy Director Resigned w.e.f. 23rd April, 2017

17 Neeraj Swaroop Independent Director Appointed w.ef. 10th October, 2017

18 D R Mohnot Director Appointed w.e.f. 12th September, 2017

KEY PERSON

Sl. No. Name of person Role

1 Ashish Kumar Srivastava Managing Director and CEO Appointment w.e.f. 01st October, 2017

2 P K Dinakar Appointed Actuary

3 Sanjay Kumar Chief Investment Officer

4 Agnipushp Singh Chief Legal Officer Appointed w.e.f. 05th May, 2017

5 Anjan Bhattacharya Chief Risk Officer

6 Niraj Shah Chief Financial Officer

7 Sarang Cheema Chief Compliance Officer

8 Viraj Taneja Chief of Internal Audit

9 Amit Jaiswal Chief Distribution Officer - Alternate Sales Resigned w.e.f. 30th September, 2017

10 Hemant Khera Chief Distribution Officer – Employee Benefits

11 Bhawani Pathania Chief Distribution Officer – Agency

12 Vijaya Nene Chief Operations Officer

13 Abhishek Rathi Chief Marketing OfficerRelocated to Innovation Team (Singapore) w.e.f. 02nd

May, 2017

14 Samrat Das Chief Information Officer

15 Tim Braswell Chief Human Resource Officer

16 Sameer Bansal Chief Distribution Officer – Bancassurance

17 Khalid Ahmad Chief Marketing Officer & Head - Products Appointed as CMO w.e.f 09th May 2017

18 Pooja Garg Khan Head - Corporate Affairs & Communications Relocated to Hong Kong w.e.f. 8th September, 2017

19 Rashmi Sharma Company Secretary Resigned w.e.f. 13th April, 2017

20 Yagya Turker Company Secretary Appointed w.e.f.10th August, 2017

PERIODIC DISCLOSURESLNL - 6 : Board of Directors & Key Person

BOD and Key Person information

FORM L-32-SOLVENCY MARGIN - KT 3

Insurance Regulatory and Development Authority of India (Actuarial Report and Abstract for Life Insurance Business) Regulations, 2016.

AVAILABLE SOLVENCY MARGIN AND SOLVENCY RATIO.

31st December 2017

Form Code:

Name of Insurer: PNB MetLife India Insurance Co. Ltd. Registration Number: 117 Classification Code:

Classification: Total Business

(1)

01 1,590,385

02 1,567,138

03 1,323

04 21,924

05 98,579

06 0

07 98,579

08 120,504

09 58,617

10 2.06

Notes

1. Item No. 01 shall be the amount of theTotal Admissible Assets for Solvency as mentioned in Form IRDAI-Assets- AA under Policyholders Account

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

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

4. Item No. 01 shall be the amount of theTotal Admissible Assets for Solvency as mentioned in Form IRDAI-Assets- AA under Shareholders Account

Excess in Shareholders' funds

Total ASM (04)+(07)

Total RSM

Solvency Ratio (ASM/RSM)

Other Liabilities

Excess in Policyholders' funds

Available Assets in Shareholders Fund:

Deduct:

Other Liabilities of shareholders’ fund

(4)

Available Assets in Policyholders' Fund:

Deduct:

Mathematical Reserves

(2)

Item Description

(See Regulation 4)

Adjusted Value

[Amount (in rupees lakhs)]

FORM L-33-NPAs-7A



Registration Number: 117 NAME OF THE FUND : LIFE FUND Rs.Lakhs

YTD ( As on 31 Dec

2017)

YTD ( As on 31 Mar

2017)

YTD ( As on 31 Dec

2017)

YTD ( As on 31 Mar

2017)

YTD ( As on 31 Dec

2017)

YTD ( As on 31 Mar

2017)

YTD ( As on 31 Dec

2017)

YTD ( As on 31 Mar

2017)

YTD ( As on 31 Dec

2017)

YTD ( As on 31 Mar

2017)

1 Investments Assets (As per Form 3A / 3B - Total Fund) 438,409.04 350,714.89 - - - - 564,470.15 470,803.11 1,002,879.19 821,517.99

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

3 % of Gross NPA on Investment Assets (2/1) - - - - - - - - - -

4 Provision made on NPA - - - - - - - - - -

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

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

7 Net Investment Assets (1-4) 438,409.04 350,714.89 - - - - 564,470.15 470,803.11 1,002,879.19 821,517.99

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

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

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

NAME OF THE FUND : PENSION, GENERAL ANNUITY & GROUP BUSINESS Rs. Lakhs

YTD ( As on 31 Dec

2017)

YTD ( As on 31 Mar

2017)

YTD ( As on 31 Dec

2017)

YTD ( As on 31 Mar

2017)

YTD ( As on 31 Dec

2017)

YTD ( As on 31 Mar

2017)

YTD ( As on 31 Dec

2017)

YTD ( As on 31 Mar

2017)

YTD ( As on 31 Dec

2017)

YTD ( As on 31 Mar

2017)

1 Investments Assets (As per Form 3A / 3B - Total Fund) 8,266.00 6,550.18 - - - - 11,333.09 10,283.77 19,599.09 16,833.95

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





7 Net Investment Assets (1-4) 8,266.00 6,550.18 - - - - 11,333.09 10,283.77 19,599.09 16,833.95

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



NAME OF THE FUND : LINKED FUND Rs. Lakhs

YTD ( As on 31 Dec

2017)

YTD ( As on 31 Mar

2017)

YTD ( As on 31 Dec

2017)

YTD ( As on 31 Mar

2017)

YTD ( As on 31 Dec

2017)

YTD ( As on 31 Mar

2017)

YTD ( As on 31 Dec

2017)

YTD ( As on 31 Mar

2017)

YTD ( As on 31 Dec

2017)

YTD ( As on 31 Mar

2017)

1 Investments Assets (As per Form 3A / 3B - Total Fund) 114,177.29 102,361.02 - - - - 549,454.46 574,912.46 663,631.75 677,273.48

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





7 Net Investment Assets (1-4) 114,177.29 102,361.02 - - - - 549,454.46 574,912.46 663,631.75 677,273.48

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



DETAILS OF NON-PERFORMING ASSETS - QUARTERLY

NO PARTICULARS

Bonds / Debentures Loans Other Debt instruments All Other Assets T0TAL


NO PARTICULARS



NO PARTICULARS


FORM L-34-YIELD ON INVESTMENTS-1 - Life




Statement as on: 31st Dec 2017 Name of the Fund Life Fund

Statement of Investment and Income on Investment

Periodicity of Submission: Quarterly Rs. Lakhs

Investment

(Rs.)¹

Income on

Investment

(Rs.)

Gross

Yield (%)¹

Net Yield

(%)²

Investment

(Rs.)¹

Income on

Investment

(Rs.)

Gross

Yield (%)¹

Net Yield

(%)²

Investment

(Rs.)¹

Income on

Investment

(Rs.)

Gross

Yield (%)¹

Net Yield

(%)²

Central Government Bonds CGSB 461,160.6 9,291.5 2.0% 2.0% 443,510.0 26,947.5 6.1% 6.1% 376,467.3 23,433.8 6.2% 6.2%Treasury Bills CTRB 12,705.5 185.5 1.5% 1.5% 10,068.2 449.2 4.5% 4.5% 6,254.1 317.3 5.1% 5.1%State Government Guaranteed Loans SGGL 43,310.7 910.4 2.1% 2.1% 37,465.6 2,312.7 6.2% 6.2% 28,852.4 1,773.8 6.1% 6.1%Other Approved Securities (excluding Infrastructure

Investments)SGOA 4,646.5 93.6 2.0% 2.0% 4,647.6 280.9 6.0% 6.0% 4,651.6 280.9 6.0% 6.0%

Bonds / Debentures issued by NHB / Institutions

accredited by NHBHTDN 86,367.2 1,933.1 2.2% 2.2% 85,685.3 5,692.6 6.6% 6.6% 73,222.3 4,946.1 6.8% 6.8%

COMMERCIAL PAPERS - NHB / INSTITUTIONS

ACCREDITED BY NHBHTLN - - 0.0% 0.0% - - 0.0% 0.0% 2,492.4 15.7 0.6% 0.6%

INFRASTRUCTURE - PSU - CPS IPCP - - 0.0% 0.0% - - 0.0% 0.0% - - 0.0% 0.0%Infrastructure - PSU - Debentures / Bonds IPTD 152,117.3 3,212.6 2.1% 2.1% 143,708.6 9,221.4 6.4% 6.4% 97,772.1 6,493.2 6.6% 6.6%Infrastructure - Other Corporate Securities Debentures /

BondsICTD 3,365.8 86.6 2.6% 2.6% 3,368.3 259.0 7.7% 7.7% 3,826.7 289.4 7.6% 7.6%

Infrastructure - PSU - Equity shares - Quoted ITPE 304.6 - 0.0% 0.0% 286.5 5.2 1.8% 1.8% 209.4 0.8 0.4% 0.4%Infrastructure - Corporate Securities - Equity shares-

QuotedITCE 149.9 - 0.0% 0.0% 149.9 - 0.0% 0.0% - - 0.0% 0.0%

Infrastructure - Debentures / Bonds / CPS / Loans IODS 495.9 9.8 2.0% 2.0% 494.5 29.4 5.9% 5.9% 489.0 29.3 6.0% 6.0%Infrastructure - Equity (including unlisted) IOEQ - - 0.0% 0.0% - - 0.0% 0.0% - - 0.0% 0.0%Infrastructure - Infrastructure Development Fund (Idf) IDDF - - 0.0% 0.0% - - 0.0% 0.0% - - 0.0% 0.0%LONG TERM BANK BONDS APP INV -

INFRASTRUCTUREILBI - - 0.0% 0.0% - - 0.0% 0.0% - - 0.0% 0.0%

Additional Tier 1 (Basel III Compliant) Perpetual Bonds -

[Private Banks]EAPB 5,057.5 108.3 2.1% 2.1% 4,757.5 232.6 4.9% 4.9% - - 0.0% 0.0%

PSU - Equity Shares - Quoted EAEQ 212.6 - 0.0% 0.0% 202.5 1.1 0.6% 0.6% 175.1 - 0.0% 0.0%Corporate Securities - Debentures ECOS 165,362.3 3,385.4 2.0% 2.0% 151,480.0 9,424.7 6.2% 6.2% 89,082.6 5,954.3 6.7% 6.7%CCIL - CBLO ECBO 14,388.7 209.6 1.5% 1.5% 15,759.1 692.4 4.4% 4.4% 14,709.3 689.2 4.7% 4.7%

Corporate Securities - Equity Shares (Ordinary) - Quoted EACE 3,888.3 3.7 0.1% 0.1% 3,674.9 51.1 1.4% 1.4% 2,500.5 3.3 0.1% 0.1%

Commercial Papers ECCP - - 0.0% 0.0% - - 0.0% 0.0% - - 0.0% 0.0%Mutual Funds - Gilt / G Sec / Liquid Schemes EGMF - - 0.0% 0.0% - - 0.0% 0.0% - - 0.0% 0.0%Equity Shares (incl. Equity related instruments) - Promoter

Group **EEPG - - 0.0% 0.0% - - 0.0% 0.0% - - 0.0% 0.0%

Corporate Securities - Debentures / Bonds/ CPs /Loan -

(Promoter Group)EDPG 2,501.7 51.8 2.1% 2.1% 2,501.8 154.8 6.2% 6.2% 2,502.0 154.4 6.2% 6.2%

Deposits - CDs with Scheduled Banks EDCD - - 0.0% 0.0% - - 0.0% 0.0% 4,998.3 5.2 0.1% 0.1%Deposits - Deposit with Scheduled Banks, FI's(incl. Bank

Balance awaiting Investment) , CCIL RBIECDB - - 0.0% 0.0% - - 0.0% 0.0% - - 0.0% 0.0%

Application Money ECAM - - 0.0% 0.0% - - 0.0% 0.0% 4,054.9 19.5 0.5% 0.5%Net Current Assets ENCA - - 0.0% 0.0% - - 0.0% 0.0% - - 0.0% 0.0%Equity Shares (Incl. Equity Related Instruments) -

Promoter GroupOEPG - - 0.0% 0.0% - - 0.0% 0.0% - - 0.0% 0.0%

Equity Shares (incl Co-op Societies ) OESH - - 0.0% 0.0% - - 0.0% 0.0% - - 0.0% 0.0%Debentures OLDB - - 0.0% 0.0% - - 0.0% 0.0% - - 0.0% 0.0%Mutual Funds - Debt / Income / Serial Plans / Liquid

SecemesOMGS - - 0.0% 0.0% - - 0.0% 0.0% - - 0.0% 0.0%

RECLASSIFIED APPROVED INVESTMENTS - DEBT ORAD 7,997.4 184.5 2.3% 2.3% 8,013.1 303.4 3.8% 3.8% - - 0.0% 0.0%Passively Managed Equity ETF Non Promoter Group) OETF - - 0.0% 0.0% - - 0.0% 0.0% - - 0.0% 0.0%

Equity Shares (PSUs & Unlisted) OEPU - - 0.0% 0.0% - - 0.0% 0.0% - - 0.0% 0.0%

Deposit Under Section 7 of Insurance Act 1938 CDSS - - 0.0% 0.0% - - 0.0% 0.0% - - 0.0% 0.0%

TOTAL 964,032.7 19,666.5 2.0% 2.0% 915,773.5 56,057.8 6.1% 6.1% 712,260.1 44,406.36 6.2% 6.2%

No. Category of InvestmentCategory

Code

Current Quarter Year to Date (current year) Year to Date (previous year)3

FORM L-34-YIELD ON INVESTMENTS-1 - Pension, General Annuity & Group




Statement as on: 31st Dec 2017 Name of the Fund Pension, General Annuity & Group Business



Investment

(Rs.)¹

Income on

Investment

(Rs.)

Gross

Yield (%)¹

Net Yield

(%)²

Investmen

t (Rs.)¹

Income on

Investment

(Rs.)

Gross

Yield (%)¹

Net Yield

(%)²

Investmen

t (Rs.)¹

Income on

Investment

(Rs.)

Gross

Yield (%)¹

Net

Yield

(%)²

Central Government Bonds CGSB 8,286.2 163.3 2.0% 2.0% 7,800.5 468.2 6.0% 6.0% 5,942.2 382.6 6.4% 6.4%

Treasury Bills CTRB 918.8 14.2 1.5% 1.5% 1,046.5 49.1 4.7% 4.7% 1,585.9 83.2 5.2% 5.2%

State Government Guaranteed Loans SGGL - - 0.0% 0.0% - - 0.0% 0.0% - - 0.0% 0.0%

Other Approved Securities (excluding

Infrastructure Investments)SGOA 97.2 2.1 2.2% 2.2% 97.1 6.3 6.5% 6.5% 96.7 6.3 6.6% 6.6%

Bonds / Debentures issued by NHB /

Institutions accredited by NHBHTDN 765.2 15.1 2.0% 2.0% 863.6 60.6 7.0% 7.0% 1,504.8 124.3 8.3% 8.3%

INFRASTRUCTURE - PSU - CPS IPCP - - 0.0% 0.0% - - 0.0% 0.0% - - 0.0% 0.0%

Infrastructure - PSU - Debentures / Bonds IPTD 3,405.8 70.0 2.1% 2.1% 3,024.2 187.6 6.2% 6.2% 2,139.0 143.2 6.7% 6.7%

Infrastructure - Other Corporate Securities

Debentures / BondsICTD - - 0.0% 0.0% - - 0.0% 0.0% 582.0 28.0 4.8% 4.8%

Infrastructure - PSU - Equity shares -

QuotedITPE - - 0.0% 0.0% - - 0.0% 0.0% - - 0.0% 0.0%

Infrastructure - Corporate Securities -

Equity shares-QuotedITCE - - 0.0% 0.0% - - 0.0% 0.0% - - 0.0% 0.0%

Infrastructure - Debentures / Bonds / CPS /

LoansIODS - - 0.0% 0.0% - - 0.0% 0.0% - - 0.0% 0.0%

Infrastructure - Equity (including unlisted) IOEQ - - 0.0% 0.0% - - 0.0% 0.0% - - 0.0% 0.0%

Infrastructure - Infrastructure Development

Fund (Idf)IDDF - - 0.0% 0.0% - - 0.0% 0.0% - - 0.0% 0.0%

LONG TERM BANK BONDS APP INV -

INFRASTRUCTUREILBI - - 0.0% 0.0% - - 0.0% 0.0% - - 0.0% 0.0%

Additional Tier 1 (Basel III Compliant)

Perpetual Bonds - [Private Banks]EAPB - - 0.0% 0.0% - - 0.0% 0.0% - - 0.0% 0.0%

PSU - Equity Shares - Quoted EAEQ - - 0.0% 0.0% - - 0.0% 0.0% - - 0.0% 0.0%

Corporate Securities - Debentures ECOS 3,472.0 68.6 2.0% 2.0% 3,076.6 208.9 6.8% 6.8% 3,148.0 216.3 6.9% 6.9%

CCIL - CBLO ECBO 1,961.1 28.5 1.5% 1.5% 2,141.2 94.1 4.4% 4.4% 1,584.1 73.9 4.7% 4.7%

Corporate Securities - Equity Shares

(Ordinary) - QuotedEACE - - 0.0% 0.0% - - 0.0% 0.0% - - 0.0% 0.0%

Commercial Papers ECCP - - 0.0% 0.0% - - 0.0% 0.0% - - 0.0% 0.0%

Mutual Funds - Gilt / G Sec / Liquid

SchemesEGMF - - 0.0% 0.0% - - 0.0% 0.0% - - 0.0% 0.0%

Equity Shares (incl. Equity related

instruments) - Promoter Group **EEPG - - 0.0% 0.0% - - 0.0% 0.0% - - 0.0% 0.0%

Corporate Securities - Debentures / Bonds/

CPs /Loan - (Promoter Group)EDPG - - 0.0% 0.0% - - 0.0% 0.0% - - 0.0% 0.0%

Deposits - CDs with Scheduled Banks EDCD - - 0.0% 0.0% - - 0.0% 0.0% - - 0.0% 0.0%

Deposits - Deposit with Scheduled Banks,

FI's(incl. Bank Balance awaiting

Investment) , CCIL RBI

ECDB - - 0.0% 0.0% - - 0.0% 0.0% - - 0.0% 0.0%

Application Money ECAM - - 0.0% 0.0% - - 0.0% 0.0% - - 0.0% 0.0%

Net Current Assets ENCA - - 0.0% 0.0% - - 0.0% 0.0% - - 0.0% 0.0%

Equity Shares (Incl. Equity Related

Instruments) - Promoter GroupOEPG - - 0.0% 0.0% - - 0.0% 0.0% - - 0.0% 0.0%

Equity Shares (incl Co-op Societies ) OESH - - 0.0% 0.0% - - 0.0% 0.0% - - 0.0% 0.0%

Debentures OLDB - - 0.0% 0.0% - - 0.0% 0.0% - - 0.0% 0.0%

Mutual Funds - Debt / Income / Serial

Plans / Liquid SecemesOMGS - - 0.0% 0.0% - - 0.0% 0.0% - - 0.0% 0.0%

RECLASSIFIED APPROVED

INVESTMENTS - DEBTORAD - - 0.0% 0.0% 100.0 0.6 0.6% 0.6% - - 0.0% 0.0%

Passively Managed Equity ETF Non

Promoter Group)OETF - - 0.0% 0.0% - - 0.0% 0.0% - - 0.0% 0.0%

Equity Shares (PSUs & Unlisted) OEPU - - 0.0% 0.0% - - 0.0% 0.0% - - 0.0% 0.0%

Deposit Under Section 7 of Insurance Act

1938CDSS - - 0.0% 0.0% - - 0.0% 0.0% - - 0.0% 0.0%

TOTAL 18,906.2 361.8 1.9% 1.9% 18,149.7 1,075.5 5.9% 5.9% 16,582.9 1,058.0 6.4% 6.4%


Code





Statement as on: 31st Dec 2017 Name of the Fund Linked Fund



Investment

(Rs.)¹

Income on

Investment

(Rs.)

Gross

Yield (%)¹

Net Yield

(%)²Investment (Rs.)¹

Income on

Investment

(Rs.)

Gross

Yield (%)¹

Net Yield

(%)²

Investment

(Rs.)¹

Income on

Investment

(Rs.)

Gross

Yield (%)¹

Net Yield

(%)²

Central Government Bonds CGSB 53,034.2 (1,076.5) -2.0% -2.0% 62,162.7 1,630.8 2.6% 2.6% 87,952.0 11,187.0 12.7% 12.7%

Treasury Bills CTRB 66,077.4 1,013.1 1.5% 1.5% 63,889.8 2,951.6 4.6% 4.6% 51,791.9 2,667.1 5.1% 5.1%

State Government Guaranteed Loans SGGL 7,977.4 (34.4) -0.4% -0.4% 9,443.3 528.8 5.6% 5.6% 9,220.4 1,014.4 11.0% 11.0%

Other Approved Securities (excluding Infrastructure Investments) SGOA 85.1 0.3 0.4% 0.4% 85.3 4.1 4.8% 4.8% 85.6 8.5 9.9% 9.9%

Bonds / Debentures issued by NHB / Institutions accredited by NHB HTDN 21,675.1 117.3 0.5% 0.5% 16,704.5 691.1 4.1% 4.1% 16,983.1 1,355.0 8.0% 8.0%

INFRASTRUCTURE - PSU - CPS IPCP - - 0.0% 0.0% - - 0.0% 0.0% - - 0.0% 0.0%

Infrastructure - PSU - Debentures / Bonds IPTD 30,247.6 (72.1) -0.2% -0.2% 29,372.7 1,143.4 3.9% 3.9% 30,356.2 2,915.7 9.6% 9.6%

Infrastructure - Other Corporate Securities Debentures / Bonds ICTD 21,023.4 37.3 0.2% 0.2% 20,763.4 1,114.5 5.4% 5.4% 11,811.3 1,192.0 10.1% 10.1%

Infrastructure - PSU - Equity shares - Quoted ITPE 15,069.9 690.2 4.6% 4.6% 16,205.7 2,011.3 12.4% 12.4% 12,520.0 3,274.1 26.2% 26.2%

Infrastructure - Corporate Securities - Equity shares-Quoted ITCE 9,724.2 1,647.1 16.9% 16.9% 6,986.7 2,082.9 29.8% 29.8% 3,213.8 (769.0) -23.9% -23.9%

Infrastructure - Debentures / Bonds / CPS / Loans IODS - - 0.0% 0.0% - - 0.0% 0.0% - - 0.0% 0.0%

Infrastructure - Equity (including unlisted) IOEQ - - 0.0% 0.0% - - 0.0% 0.0% 1,609.6 (364.3) -22.6% -22.6%

Infrastructure - Infrastructure Development Fund (Idf) IDDF 3,942.6 (12.1) -0.3% -0.3% 3,467.4 131.2 3.8% 3.8% 3,278.1 226.0 6.9% 6.9%

LONG TERM BANK BONDS APP INV - INFRASTRUCTURE ILBI - - 0.0% 0.0% - - 0.0% 0.0% - - 0.0% 0.0%Additional Tier 1 (Basel III Compliant) Perpetual Bonds - [Private

Banks]EAPB - - 0.0% 0.0% - - 0.0% 0.0% - - 0.0% 0.0%

PSU - Equity Shares - Quoted EAEQ 16,769.1 457.8 2.7% 2.7% 17,766.0 (142.1) -0.8% -0.8% 24,410.3 5,217.6 21.4% 21.4%

Corporate Securities - Debentures ECOS 33,195.5 195.0 0.6% 0.6% 30,180.8 1,524.7 5.1% 5.1% 18,067.0 1,598.6 8.8% 8.8%

CCIL - CBLO ECBO 22,416.4 325.8 1.5% 1.5% 25,186.0 1,105.2 4.4% 4.4% 23,211.7 1,088.1 4.7% 4.7%

Corporate Securities - Equity Shares (Ordinary) - Quoted EACE 315,043.0 23,376.8 7.4% 7.4% 322,073.2 54,180.4 16.8% 16.8% 370,715.9 16,347.7 4.4% 4.4%

Commercial Papers ECCP - - 0.0% 0.0% - - 0.0% 0.0% - - 0.0% 0.0%

Mutual Funds - Gilt / G Sec / Liquid Schemes EGMF - - 0.0% 0.0% - - 0.0% 0.0% - - 0.0% 0.0%

Equity Shares (incl. Equity related instruments) - Promoter Group ** EEPG - - 0.0% 0.0% - - 0.0% 0.0% - - 0.0% 0.0%

Corporate Securities - Debentures / Bonds/ CPs /Loan - (Promoter

Group)EDPG - - 0.0% 0.0% 5,278.2 72.6 1.4% 1.4% - - 0.0% 0.0%

Deposits - CDs with Scheduled Banks EDCD - - 0.0% 0.0% - - 0.0% 0.0% 4,996.5 5.2 0.1% 0.1%Deposits - Deposit with Scheduled Banks, FI's(incl. Bank Balance

awaiting Investment) , CCIL RBIECDB - - 0.0% 0.0% - - 0.0% 0.0% 2,674.3 160.5 6.0% 6.0%

Application Money ECAM - - 0.0% 0.0% - 0.7 0.0% 0.0% 483.3 2.9 0.6% 0.6%

Net Current Assets ENCA 4,375.5 - 0.0% 0.0% 4,375.5 - 0.0% 0.0% 3,846.1 - 0.0% 0.0%

Equity Shares (Incl. Equity Related Instruments) - Promoter Group OEPG - - 0.0% 0.0% - - 0.0% 0.0% 16.4 2.9 17.6% 17.6%

Equity Shares (incl Co-op Societies ) OESH 7,810.2 836.5 10.7% 10.7% 10,946.5 (387.5) -3.5% -3.5% 3,386.4 1,609.3 47.5% 47.5%

Debentures OLDB - - 0.0% 0.0% - - 0.0% 0.0% - - 0.0% 0.0%

Mutual Funds - Debt / Income / Serial Plans / Liquid Secemes OMGS - - 0.0% 0.0% - - 0.0% 0.0% - - 0.0% 0.0%

RECLASSIFIED APPROVED INVESTMENTS - DEBT ORAD - - 0.0% 0.0% - - 0.0% 0.0% - - 0.0% 0.0%

Passively Managed Equity ETF Non Promoter Group) OETF 39,305.7 2,153.4 5.5% 5.5% 31,285.6 4,400.2 14.1% 14.1% - - 0.0% 0.0%

Equity Shares (PSUs & Unlisted) OEPU - - 0.0% 0.0% 501.7 (135.4) -27.0% -27.0% - - 0.0% 0.0%

Deposit Under Section 7 of Insurance Act 1938 CDSS - - 0.0% 0.0% - - 0.0% 0.0% - - 0.0% 0.0%

TOTAL 667,772.3 29,655.6 4.4% 4.4% 676,675.2 72,908.4 10.8% 10.8% 680,630.1 48,739.1 7.2% 7.2%


Code


FORM L-35-DOWNGRADING OF INVESTMENTS - 2

(Read with Regulation 10) PART - A



Statement as on: 31st Dec 2017 NAME OF THE FUND : LIFE FUND

Statement of Down Graded Investments


Rs. Lakhs

No Name of the Security COI AmountDate of

Purchase

Rating

Agency

Original

Grade

Current

Grade

Date of

DowngradeRemarks

A. During the Quarter ¹

----------------------------NIL---------------------------------

B. As on Date ²

6.70% Reliance Infrastructure

Ltd NCD 19-08-2018IODS 496.54 27-Nov-03 CRISIL AAA BBB+ 27/07/17

Downgraded Six

times (Year 2009-10,

2012-13, 2013-14,

2014-15, 2015-16 &

2017-18)

8.90% STEEL AUTHORITY OF

INDIA LTD. NCD 01-05-2019ORAD 3497.59 21-May-12 India Ratings AAA AA- 03/08/17


INDIA LTD. NCD 25-05-2018ORAD 500.00 08-Jun-12 India Ratings AAA AA- 03/08/17









8.23% PUNJAB NATIONAL

BANK 09-02-2025EDPG 2501.70 04-Nov-15 CARE AAA AA+ 20/07/16


(Read with Regulation 10) PART - AName of the Insurer: PNB Metlife India Insurance Company Limited ( Formerly known as MetLife India Insurance Co. Ltd )


Statement as on: 31st Dec 2017 NAME OF THE FUND : PENSION, GENERAL ANNUITY & GROUP BUSINESS



Rs. Lakhs


Purchase

Rating

Agency

Original

Grade

Current

Grade

Date of

DowngradeRemarks


----------------------------NIL---------------------------------

B. As on Date ²

----------------------------NIL---------------------------------


(Read with Regulation 10) PART - AName of the Insurer: PNB Metlife India Insurance Company Limited ( Formerly known as MetLife India Insurance Co. Ltd )


Statement as on: 31st Dec 2017 NAME OF THE FUND : LINKED FUND



Rs. Lakhs


Purchase

Rating

Agency

Original

Grade

Current

Grade

Date of

DowngradeRemarks


----------------------------NIL---------------------------------

B. As on Date ²

----------------------------NIL---------------------------------

CARE has

downgraded this

security from AA+ to

AA in December

2016

FORM L-36 : Premium and number of lives covered by policy type


(Rs in Lakhs)

Premium

No. of

Policies No. of Lives

Sum Insured,

Wherever

applicable Premium

No. of


Sum Insured,

Wherever

applicable Premium

No. of


Sum Insured,

Wherever

applicable Premium

No. of


Sum Insured,

Wherever

applicable

1 First year Premum

i Individual Single Premium- (ISP)

From 0-10000 75 39 39 164 26 53 53 530 148 133 133 736 47 94 94 837

From 10,000-25,000 118 17 17 15 41 10 10 11 233 38 38 49 108 18 18 23

From 25001-50,000 336 28 28 65 74 7 7 24 623 61 61 143 127 19 19 47

From 50,001- 75,000 20 12 12 41 0 - - - 76 23 23 81 12 5 5 11

From 75,000-100,000 124 44 44 220 30 4 4 20 221 78 78 368 108 10 10 50

From 1,00,001 -1,25,000 22 8 8 29 - 1 1 5 79 12 12 53 21 2 2 11

Above Rs. 1,25,000 274 184 184 1,605 267 46 46 344 842 345 345 3,466 297 157 157 799

ii Individual Single Premium (ISPA)- Annuity

From 0-50000 81 12 12 (0) 69 - - - 205 40 40 3 209 - - -

From 50,001-100,000 50 - - - 33 - - - 143 - - - 135 - - -

From 1,00,001-150,000 15 - - - 23 - - - 86 - - - 91 - - -

From 150,001- 2,00,000 - - - - 40 - - - 22 1 1 0 56 - - -

From 2,00,001-250,000 - - - - - - - - 20 - - - - - - -

From 2,50,001 -3,00,000 29 1 1 0 - - - - 29 1 1 0 - - - -

Above Rs. 3,00,000 - 31 31 4 - - - - 114 75 75 12 146 - - -

iii Group Single Premium (GSP)

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

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

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

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

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

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

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

iv Group Single Premium- Annuity- GSPA

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

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

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

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

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

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

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

v Individual non Single Premium- INSP

From 0-10000 464 8,549 8,549 107,765 410 13,824 13,824 135,064 1,205 26,846 26,846 194,228 1,337 22,980 22,980 142,540

From 10,000-25,000 2,708 10,078 10,078 132,560 2,735 11,609 11,609 172,759 7,354 27,752 27,752 338,754 9,215 43,631 43,631 524,678

From 25001-50,000 7,447 13,561 13,561 97,942 6,441 11,620 11,620 99,415 19,303 35,366 35,366 245,237 16,948 35,842 35,842 330,488

From 50,001- 75,000 4,287 9,668 9,668 51,589 2,677 5,374 5,374 46,927 10,588 22,550 22,550 126,326 6,887 14,790 14,790 134,431

From 75,000-100,000 6,580 5,075 5,075 38,791 4,924 3,450 3,450 36,764 16,088 12,342 12,342 105,268 10,882 9,325 9,325 105,538

From 1,00,001 -1,25,000 1,083 2,132 2,132 16,679 825 1,309 1,309 15,475 2,757 5,011 5,011 41,063 2,125 3,717 3,717 50,117

Above Rs. 1,25,000 7,584 9,639 9,639 214,914 6,367 2,858 2,858 109,984 18,818 21,434 21,434 515,008 14,793 11,669 11,669 410,250

vi Individual non Single Premium- Annuity- INSPA

From 0-50000 33 32 32 (84) 56 - - - 115 167 167 499 136 - - -

From 50,001-100,000 153 172 172 1,157 109 - - - 352 441 441 3,134 253 - - -

From 1,00,001-150,000 75 62 62 563 31 - - - 174 159 159 1,538 117 - - -

From 150,001- 2,00,000 69 45 45 491 35 - - - 149 93 93 1,032 86 - - -

From 2,00,001-250,000 41 28 28 368 20 - - - 126 70 70 938 47 - - -

From 2,50,001 -3,00,000 20 8 8 353 11 - - - 51 29 29 836 60 - - -

Above Rs. 3,00,000 325 84 84 2,657 144 - - - 732 160 160 5,899 380 - - -

Upto the quarter ended Dec 2017 Upto the quarter ended Dec 2016For the quarter ended Dec 2017 For the quarter ended Dec 2016

ParticularsSl. No

FORM L-36 : Premium and number of lives covered by policy type


(Rs in Lakhs)

Premium

No. of


Sum Insured,

Wherever

applicable Premium

No. of


Sum Insured,

Wherever

applicable Premium

No. of


Sum Insured,

Wherever

applicable Premium

No. of


Sum Insured,

Wherever

applicable

Upto the quarter ended Dec 2017 Upto the quarter ended Dec 2016For the quarter ended Dec 2017 For the quarter ended Dec 2016

ParticularsSl. No

vii Group Non Single Premium (GNSP)

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

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

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

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

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

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

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

viii Group Non Single Premium- Annuity- GNSPA

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

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

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

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

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

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

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

2 Renewal Premium

i Individual

From 0-10000 1,379 28,836 28,450 202,202 1,513 31,608 31,146 145,556 4,217 92,481 91,162 634,505 4,087 94,677 93,262 448,720

From 10,000-25,000 10,275 82,728 81,992 622,154 11,241 94,414 93,560 467,133 30,285 256,235 254,034 1,823,751 28,856 263,129 260,811 1,296,791

From 25001-50,000 16,373 61,451 60,750 445,305 14,606 58,684 58,081 394,973 43,625 170,799 168,930 1,286,589 36,499 151,057 149,663 1,028,143

From 50,001- 75,000 6,017 19,365 19,188 212,991 4,806 18,257 18,072 207,733 15,941 54,209 53,687 613,478 12,533 48,870 48,404 560,941

From 75,000-100,000 9,399 13,713 13,451 172,720 7,262 11,890 11,699 163,656 22,579 34,676 34,075 471,194 17,459 29,196 28,778 413,848

From 1,00,001 -1,25,000 1,907 3,243 3,183 69,863 1,572 3,022 2,943 67,334 4,877 8,958 8,787 201,278 3,953 7,931 7,745 177,279

Above Rs. 1,25,000 10,410 6,420 6,207 250,140 8,750 5,694 5,489 267,992 25,644 16,245 15,724 697,174 21,512 13,913 13,483 654,616

ii Individual- Annuity

From 0-10000 9 139 139 18 12 167 167 23 30 421 416 46 38 493 490 50

From 10,000-25,000 48 456 453 95 62 590 585 103 143 1,316 1,307 262 171 1,660 1,647 262

From 25001-50,000 78 130 129 36 36 185 183 41 182 349 347 128 118 506 501 133

From 50,001- 75,000 28 34 34 23 9 41 41 26 77 103 102 77 27 123 122 92

From 75,000-100,000 87 26 26 14 26 38 38 14 193 72 72 41 75 113 113 41

From 1,00,001 -1,25,000 27 7 7 24 2 6 6 24 70 16 16 54 6 15 15 54

Above Rs. 1,25,000 166 12 12 - 12 14 14 - 444 41 41 - 54 54 54 -

iii Group

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

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

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

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

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

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

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

iv Group- Annuity

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

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

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

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

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

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

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

FORM L-37 : Business Acquisition through different channels (Groups)


Business Acquisition through different channels (Group) (Rs in Lakhs)

1 Individual agents 1 571 4 - (8) 0 2 3,635 46 3 7,076 14

2 Corporate Agents-Banks - 19,779 3,125 - 10,673 1,637 - 57,880 8,353 - 32,463 3,873

3 Corporate Agents -Others - 1,715 - - 1,730 - - 5,184 - - 4,150 0

4 Brokers 11 34,591 289 23 120,172 630 45 168,700 1,091 90 693,737 2,137

5 Micro Agents - - - - - - - -

6 Direct Business 21 43,620 343 18 114,027 572 44 168,078 1,199 41 408,707 1,557

Total(A) 33 100,276 3,762 41 246,594 2,839 91 403,477 10,689 134 1,146,133 7,581

1 Referral (B) - - - - - - - - (0.3) - - (0)

Grand Total (A+B) 33 100,276 3,762 41 246,594 2,839 91 403,477 10,688 134 1,146,133 7,581

Premium

No. of Policies/

No. of Schemes

No. of Policies/

No. of Schemes

For the quarter ended December 2017

No. of Policies/

No. of Schemes


No. of Lives

CoveredSl.No.

Upto the quarter ended December 2017

Premium

No. of Lives

Covered

No. of Policies/

No. of Schemes


Channels

No. of Lives

Covered PremiumPremium

No. of Lives

Covered

FORM L-38 : Business Acquisition through different channels (Individuals)


Business Acquisition through different channels (Individuals) (Rs in Lakhs)

1 Individual agents 2,279 1,516 2,525 1,473 5,884 4,434 8,260 4,496

2 Corporate Agents-Banks 43,057 21,520 32,612 17,230 107,627 51,371 87,262 39,921

3 Corporate Agents -Others 20 5 3,011 (0) 23 12 8,942 (1)

4 Brokers 392 154 - 78 1,105 418 - 167

5 Micro Agents - - - - - -

6 Direct Business 13,286 8,817 12,017 6,622 37,354 24,426 37,795 20,059

Total (A) 59,034 32,011 50,165 25,403 151,993 80,660 142,259 64,642

1 Referral (B) 2 - (15) (2) (5) - (19)

Grand Total (A+B) 59,034 32,013 50,165 25,387 151,991 80,655 142,259 64,623


Channels


Sl.No. PremiumNo. of Policies Premium No. of Policies


PremiumNo. of Policies


PremiumNo. of Policies

FORM L-39 : Data on Settlement of Claims

Name of the Insurer: PNB MetLife India Insurance Company Limited Date : December 31, 2017

(Rs in Lakhs)

On or

before

matuirty

1 month 1 - 3 months 3 - 6 months 6 months - 1 year > 1 year

1 Maturity Claims 196 590 17 - - - 803 1,110

2 Survival Benefit 839 3,006 47 - - - 3,892 1,451

3 for Annuities / Pension - 374 - - - - 374 426

4 For Surrender - 16,339 25 - - - 16,364 30,645

5 Other benefits-Health - 8 2 - - - 10 65

1 Death Claims-Group - 336 9 - - - 345 4,868

Death Claims-Individual 766 4 - - - 770 3,559

Ageing of Claims

Sl.No. Types of ClaimsTotal No. of

claims paid

Total amount of

claims paid

No. of claims paid

FOR L-40 : Quarterly claims data for Life


Sl. No. Claims Experience For Death for Maturity Survival BenefitFor Annuities/

PensionFor Surrender

Other Benefits-

Health

1 Claims O/S at the beginning of the period 286 124 441 4 1,468 21

2 Claims reported during the period 1,305 2,330 4,781 391 18,757 43

3 Claims Settled during the period 1,115 803 3,892 374 16,364 10

4 Claims Repudiated during the period 62 - - - - 5

a Less than 2 years from the date of acceptance of risk 59 - - - - 5

b Greater than 2 years from the date of acceptance of risk 3 - - - - -

5 Claims Rejected - - - - - 16

6 Claims Written Back - - - - - -

7 Claims O/S at End of the period 414 1,651 1,330 21 3,861 33

Less than 3 months 342 1,589 1,127 11 3,802 22

3 months to 6 months 57 18 63 25 9

6 months to 1 year 15 44 135 1 29 2

1year and above - - 5 9 5 -

No. of claims only

FORM L-41 GREIVANCE DISPOSAL


GREIVANCE DISPOSAL FOR THE QUARTER ENDING

Fully AcceptedPartial

AcceptedRejected

1 Complaints made by customers

a) Death claims - 23 7 - 12 4 58

b) Policy servicing 10 173 104 - 73 6 399

c) Proposal processing 4 54 36 - 20 2 172

d) Survival Claims 8 58 51 - 8 7 162

e) ULIP related - 3 2 - 1 - 19

f) Unfair business practices 59 694 365 - 319 69 2,320

g) Others - 27 21 - 4 2 103

Total Number of complaints 81 1,032 586 - 437 90 3,233

2 Total number of policies during previous year 216,632

3 Total number of claims during previous year 5,659

4 Total number of policies during current year 151,991

5 Total number of claims during current year 3,934

6

Total no. of Policy complaints (current year) per

10,000 policies (current year) 213

7

Total no. of Claim complaints (current year) per

10,000 claims registered (current year) 147

2 Duration wise Pending Status Complaints

made by

customers

Complaints made

by intermediaries Total

a) Upto 7 days 42 - 42

b) 8-15 days 46 - 46

c) 16-30 days 1 - 1

d) 31-90 days 1 - 1

e) 91 days and beyond - - -

Total Number of complaints 90 - 90

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

**Previous period’s figure have been regrouped/rearranged, wherever necessary

Sl No. Particulars

Opening

Balance

As on

beginning of

the quarter *

Additions during

the quarter

Complaints Resolved/ settled during the quarter

Complaints

Pending at the

end of the

quarter

Total complaints

registered upto

the quarter during

the financial year

L-42- Valuation Basis (Life Insurance)

Valuation as at December 31,2017

a.How the policy data needed for valuation is

accessed.The Policy data required for the purpose of valuation is obtained from

the policy administration system ( Life-Asia for individual business

and Group Asia for group business). The data is subject to various

checks before using it for liability calculations.

b.How the valuation bases are supplied to the

system

The valuation projections are primarily modelled (separately for each

product) in MG-ALFA – the actuarial software used for calculating the

mathematical reserves. The software allows the specification and

input of each of the valuation parameters for the modelled products.

1) Interest : Maximum and minimum interest rate

taken for each segment

i. Individual Business

1. Life- Participating policies 6.00% pa

2. Life- Non-participating Policies 5.5% pa

3. Annuities- Participating policies 6.00% pa

4. Annuities – Non-participating policies 5.5% pa

5. Annuities- Individual Pension Plan NA

6. Unit Linked 5.5% pa

7. Health Insurance 5.5% pa

ii. Group Business

1.Premium Guarentee Less than 5 Yr. NA

2.Premium Guarentee More than 5 Yr. 5.5% pa

2) Mortality / Morbidity Rates : the mortality / morbidity

rates used for each segment


1. Life- Participating policies 70% to 190% of IALM 2006-08 table

2. Life- Non-participating Policies 45% to 400% of IALM 2006-08 table

3. Annuities- Participating policies 70% to 100% of IALM 2006-08 table

4. Annuities – Non-participating policies

70% to 90% of LIC 96-98 Annuitants mortality table

5. Annuities- Individual Pension Plan NA

6. Unit Linked 70% to 90% of IALM 2006-08 table

7. Health Insurance

65% to 95% of IALM 2006-08 table for mortality

50% to 80% of CIBT 93 table for morbidity

ii. Group Business


2.Premium Guarentee More than 1 Yr. 70% to 80% of IALM 2006-08 table

3) Expense : Per Policy

Premium Related (% of Annualised

Premium)


1. Life- Participating policies Rs 110 to Rs 640 p.a. depending on duration and policy type

0% to 1.1% of AP depending on duration

and policy type

2. Life- Non-participating Policies Rs 110 to Rs 640 p.a. depending on duration and policy type


and policy type

3. Annuities- Participating policies Rs 330 to Rs 640 p.a. depending on duration and policy type


and policy type

4. Annuities – Non-participating policies

Rs 225 p.a. and

0.6% of annuity payments NA

5. Annuities- Individual Pension Plan NA NA

6. Unit Linked Rs 330 to Rs 640 p.a. depending on duration and policy type


and policy type

7. Health Insurance Rs 575 to Rs 640 p.a. depending on duration and policy type


and policy type

ii. Group Business


2.Premium Guarentee More than 5 Yr. Rs 50 to Rs 60 p.a.

0% to 2% of premium depending on

duration and policy type

4) Bonus Rates :

Simple Reversionary bonus: 0.8% to 4.2% of Sum Assured.

Compound Reversionary bonus: 2.5% to 3.5% of Sum Assured plus

accrued reversionary bonuses.

Terminal bonus : 10%-25% of accrued reversionary bonus.

5) Policyholders Reasonable ExpectationsFor par policies, the reserves are calculated by taking into account the

future reversionary bonuses, terminal bonus and the accrued

reversionary bonus as per the policy terms and conditions. This is in

line with our illustrations demonstrated to the policyholders

6) Taxation and Shareholder TransfersAllowed for in the valuation of participating policies.

7) Basis of provisions for Incurred But Not

Reported (IBNR)


A maximum reporting delay up to 3 months is assumed. Expected

proportions of unreported deaths for each monthly duration are applied

to estimate the IBNR provision for individual business.

ii. Group Business

Estimates of unreported claims calculated using run-off triangle

approach.

8) Change in Valuation Methods or Bases

i. Individuals Assurances

Non Par

1. Interest No Change

2. Expenses No Change

3. Inflation No Change

4. Mortality No Change

Par





Pension





Annuities

1. Interest

a.Annuity in payment No Change

b.Annuity during deferred period No Change

c.Pension : All Plans NA




iii. Unit Linked





iv.Health





v. Group





Date post:	01-Aug-2020
Category:	Documents
Upload:	others
View:	0 times
Download:	0 times

Particulars FOR THE Schedule UP TO THE FOR THE UP TO THE ... · PROVISION FOR LINKED...

Documents