Particulars FOR THE Schedule UP TO THE FOR THE UP TO THE … Results... · 2017 UP TO THE QUARTER...

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 HALF YEAR ENDED SEPTEMBER 30, 2017

Policyholders’ Account (Technical Account)

Particulars FOR THE

QUARTER ENDED

SEPTEMBER 30,

2017

UP TO THE

QUARTER ENDED

SEPTEMBER 30,

2017

FOR THE

QUARTER ENDED

SEPTEMBER 30,

2016

UP TO THE

QUARTER ENDED

SEPTEMBER 30,

2016

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

Premiums earned – net

(a) Premium 8,945,678 15,528,556 7,122,636 12,615,084

(b) Reinsurance ceded (252,842) (463,930) (235,207) (440,493)

(c) Reinsurance accepted - - - -

Income from Investments -

(a) Interest, Dividends & Rent – Gross 2,403,943 4,686,225 2,014,174 4,025,455

(b) Profit on sale/redemption of investments 2,580,005 4,677,194 1,275,915 2,331,450

(c) (Loss on sale/ redemption of investments) (192,753) (404,854) (178,768) (227,369)

(d) Transfer/Gain on revaluation/change in fair value* (1,076,756) (1,219,587) 1,398,660 3,357,830

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

Transferred from Shareholders' Fund 225,601 225,601 - -

Other Income

(a) Interest on policy loans 12,530 19,906 7,443 14,724

(b) Miscellaneous income 35,224 71,444 36,049 80,834

(c) Profit/(Loss) on sale of fixed assets(Net) (1) (28) (1,032) (23,438)

TOTAL (A) 12,680,629 23,120,527 11,439,870 21,734,077

Commission L-5 505,966 837,689 410,948 692,477

Operating Expenses related to Insurance Business L-6 1,954,783 3,792,729 1,817,598 3,661,075

Service tax on Charges 97,890 177,520 74,936 168,770

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 (6,728) 6,277 19,456 38,872

TOTAL (B) 2,551,911 4,814,215 2,322,938 4,561,194

Benefits Paid (Net) L-7 4,411,209 9,538,702 4,672,968 9,387,997

Bonuses Paid 5,632 14,428 3,826 6,495

Change in valuation of liability in respect of life policies

(a) Gross**

- Linked Liability (575,681) (1,458,061) 422,670 1,431,501

- Non Linked Liability 5,722,938 9,465,466 4,240,432 6,502,215

(b) Amount ceded in Reinsurance (155,813) (248,808) (381,644) (506,091)

(c) Amount accepted in Reinsurance - - - -

TOTAL (C) 9,408,285 17,311,727 8,958,252 16,822,117

SURPLUS/ (DEFICIT) (D) =(A)-(B)-(C) 720,433 994,585 158,680 350,766

APPROPRIATIONS -

Transfer to Shareholders' Account 703,976 703,976 - -

Transfer to Other Reserves - - - -

Balance being Funds for Future Appropriations 290,609 290,609 - -

Surplus/(Deficit) after Appropriation (274,152) - 158,680 350,766

TOTAL (D) 720,433 994,585 158,680 350,766

Balance at the beginning of year (12,729,199) (13,003,351) (13,206,770) (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 13,003,351

Surplus/(Deficit) after appropriation (274,152) - 158,680 350,766

Balance carried to balance sheet - - (13,048,090) (13,048,090)

Details of Total Surplus

(a) Interim Bonuses Paid 5,632 14,428 3,826 6,495

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

(c) Surplus shown in the Revenue Account 720,433 994,585 158,680 350,766

(d) Total Surplus: [(a)+(b)+( c)] 726,065 1,009,013 162,506 357,261

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 HALF YEAR ENDED SEPTEMBER 30, 2017

Shareholders’ Account (Non-technical Account)

FOR THE

QUARTER ENDED

SEPTEMBER 30,

2017

UP TO THE

QUARTER ENDED

SEPTEMBER 30,

2017

FOR THE

QUARTER ENDED

SEPTEMBER 30,

2016

UP TO THE

QUARTER ENDED

SEPTEMBER 30,

2016

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

Amounts transferred from/to the Policyholders Account (Technical

Account) 703,976 703,976 - -

Income From Investments -

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

premium) 149,361 296,790 142,023 279,502

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

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

Other Income - - - -

TOTAL (A) 853,337 1,000,766 142,023 279,502

-

Expense other than those directly related to the insurance business L- 6 A 15,398 33,845 23,694 32,371

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 225,601 225,601

TOTAL (B) 240,999 259,446 23,694 32,371

-

Profit/ (Loss) before tax 612,338 741,320 118,329 247,131

Provision for Taxation - - - -

Profit / (Loss) after tax 612,338 741,320 118,329 247,131

-

APPROPRIATIONS -

(a) Balance at the beginning of the year. 2,338,934 2,209,952 1,700,044 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) (13,003,351) - -

Profit carried to the Balance Sheet (10,052,079) (10,052,079) 1,818,373 1,818,373

Particulars Schedule

FORM L-3-A-BS



BALANCE SHEET AS AT SEPTEMBER 30, 2017

Particulars ScheduleAs at SEPTEMBER

30, 2017

As at

SEPTEMBER 30,

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 - 1,818,373

CREDIT/[DEBIT] FAIR VALUE CHANGE ACCOUNT 2,969 (330)

Sub-Total 20,131,812 21,946,886

BORROWINGS L-11 145,318 182,790

POLICYHOLDERS’ FUNDS:

CREDIT/[DEBIT] FAIR VALUE CHANGE ACCOUNT 65,047 (4,422)

POLICY LIABILITIES 84,100,647 62,858,518

INSURANCE RESERVES - -

PROVISION FOR LINKED LIABILITIES-NON UNIT 446,975 345,587

PROVISION FOR LINKED LIABILITIES-UNIT 59,585,519 62,731,348

FUNDS FOR DISCONTINUED POLICIES

- Discontinued on account of non- payment of premium 6,663,965 5,546,468

- Others - -

Sub-Total 150,862,153 131,477,499 FUNDS FOR FUTURE APPROPRIATIONS 1,813,336 1,659,158

TOTAL 172,952,619 155,266,333

APPLICATION OF FUNDS

INVESTMENTS

Shareholders’ L-12 7,342,733 6,781,485

Policyholders’ L-13 87,854,289 66,521,839

ASSETS HELD TO COVER LINKED LIABILITIES L-14 66,249,484 68,277,816

LOANS L-15 333,051 272,715

FIXED ASSETS L-16 712,647 728,583

CURRENT ASSETS

Cash and Bank Balances L-17 1,475,026 1,132,648

Advances and Other Assets L-18 6,572,507 5,577,479

Sub-Total (A) 8,047,533 6,710,127

CURRENT LIABILITIES L-19 7,385,736 6,842,134

PROVISIONS L-20 253,461 232,188

Sub-Total (B) 7,639,197 7,074,322

NET CURRENT ASSETS (C) = (A – B) 408,336 (364,195)

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

DEBIT BALANCE IN PROFIT & LOSS ACCOUNT (Shareholders’ Account) 10,052,079 -

DEBIT BALANCE OF REVENUE ACCOUNT - 13,048,090

TOTAL 172,952,619 155,266,333

CONTINGENT LIABILITIES

Particulars

As at

SEPTEMBER 30,

2017

As at

SEPTEMBER 30,

2016

(Rs.’000) (Rs.’000)

Partly paid-up investments - -

Claims, other than against policies, not acknowledged as debts by the company 62,930 58,020

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 1,913,874 1,663,020

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

Claims under policies not acknowledged as debts 315,620 177,393

TOTAL 2,294,924 1,898,433

SCHEDULES FORMING PART OF FINANCIAL STATEMENTS

FORM L-4-PREMIUM SCHEDULE

PREMIUM

ParticularsFOR THE

QUARTER ENDED

SEPTEMBER 30,

2017

UP TO THE

QUARTER ENDED

SEPTEMBER 30,

2017

FOR THE

QUARTER ENDED

SEPTEMBER 30,

2016

UP TO THE

QUARTER ENDED

SEPTEMBER 30,

2016

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

First year premiums 2,857,383 4,863,150 2,341,841 4,110,950

Renewal Premiums 5,691,892 9,971,686 4,612,405 8,217,447

Single Premiums 396,403 693,720 168,390 286,687

TOTAL PREMIUM 8,945,678 15,528,556 7,122,636 12,615,084

Premium Income from business written:

In India 8,945,678 15,528,556 7,122,636 12,615,084

Outside India - - - -

TOTAL PREMIUM 8,945,678 15,528,556 7,122,636 12,615,084

FORM L-5 - COMMISSION SCHEDULE

COMMISSION EXPENSES

ParticularsFOR THE

QUARTER ENDED

SEPTEMBER 30,

2017

UP TO THE

QUARTER ENDED

SEPTEMBER 30,

2017

FOR THE

QUARTER ENDED

SEPTEMBER 30,

2016

UP TO THE

QUARTER ENDED

SEPTEMBER 30,

2016

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

Commission paid

Direct - First year premiums 364,789 606,205 314,537 525,029

- Renewal premiums 119,009 205,218 95,477 166,187

- Single premiums 22,168 26,266 934 1,261

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

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

Net Commission 505,966 837,689 410,948 692,477

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

furnished as per details indicated below:

Agents 58,787 99,737 59,635 107,409

Brokers 8,818 18,471 3,764 6,663

Corporate Agency 438,361 719,513 346,922 587,137

Referral - (32) (79) (169)

Others ( Direct Sales) - - 706 (8,563)

TOTAL (B) 505,966 837,689 410,948 692,477

FORM L-6-OPERATING EXPENSES SCHEDULE

OPERATING EXPENSES RELATED TO INSURANCE BUSINESS

Particulars FOR THE

QUARTER ENDED

SEPTEMBER 30,

2017

UP TO THE

QUARTER ENDED

SEPTEMBER 30,

2017

FOR THE

QUARTER ENDED

SEPTEMBER 30,

2016

UP TO THE

QUARTER ENDED

SEPTEMBER 30,

2016

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

Employees’ remuneration & welfare benefits 1,356,442 2,582,324 1,151,661 2,370,905

Travel, conveyance and vehicle running expenses 32,624 62,025 27,902 55,115

Training expenses 10,579 19,709 5,181 14,402

Rents, rates & taxes 89,540 202,448 100,491 198,348

Repairs 14,212 26,141 16,214 24,600

Printing & stationery 8,423 18,577 8,547 18,079

Communication expenses 39,136 77,129 43,772 80,209

Legal & professional charges 28,684 53,667 23,259 52,818

Medical fees 11,034 19,432 14,523 27,341

Auditors' fees, expenses etc -

a) as auditor 1,500 3,000 1,439 2,589

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

(i) Taxation matters - - - -

(ii) Insurance matters - - - -

(iii) Management services; and - - - -

(iv) Expenses 151 301 574 691

c) in any other capacity - - -

Advertisement and publicity 34,532 80,147 37,404 110,927

Business Development ,Sales promotion & Sales conference 120,223 256,198 205,500 316,582

Interest & Bank Charges 17,952 36,685 16,884 35,558

Recruitment expenses 32,544 53,259 14,496 25,573

Information technology expenses 61,607 127,288 42,252 132,384

Office expenses 32,292 63,685 33,987 64,615

Others 13,616 9,008 4,025 4,951

Depreciation 49,692 101,706 69,487 125,388

TOTAL 1,954,783 3,792,729 1,817,598 3,661,075

FORM L-6 A-OPERATING EXPENSES SCHEDULE

EXPENSE OTHER THAN THOSE DIRECTLY RELATED TO THE INSURANCE BUSINESS

Particulars FOR THE

QUARTER ENDED

SEPTEMBER 30,

2017

UP TO THE

QUARTER ENDED

SEPTEMBER 30,

2017

FOR THE

QUARTER ENDED

SEPTEMBER 30,

2016

UP TO THE

QUARTER ENDED

SEPTEMBER 30,

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

Employees’ remuneration & welfare benefits (8,184) 544 13,133 20,210

Travel, conveyance and vehicle running expenses 3 10 3 3

Training expenses 18 18 1 1

Rents, rates & taxes - - - -

Repairs - - - -

Printing & stationery - - 1 1

Communication expenses 1 2 1 2

Legal & professional charges 134 242 113 227

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 76 154 73 151

Recruitment expenses - - - -

Information technology expenses - - - -

Office expenses - - - -

Others 20,390 28,637 2,152 2,152

Depreciation - - 795 1,827

Corporate Social Responsibility 2,960 4,238 7,422 7,797

TOTAL 15,398 33,845 23,694 32,371

FORM L-7-BENEFITS PAID SCHEDULE

BENEFITS PAID [NET]

ParticularsFOR THE

QUARTER ENDED

SEPTEMBER 30,

2017

UP TO THE

QUARTER ENDED

SEPTEMBER 30,

2017

FOR THE

QUARTER ENDED

SEPTEMBER 30,

2016

UP TO THE

QUARTER ENDED

SEPTEMBER 30,

2016

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

1. Insurance Claims

(a) Claims by Death, 663,052 1,478,363 976,130 1,922,068

(b) Claims by Maturity, 109,273 207,755 373,313 518,223

(c) Annuities/Pension payment, 28,131 87,788 50,611 128,469

(d) Periodical Benefit 252,410 437,547 18,737 34,121

(e) Health (1,437) 16,641 (17,851) 23,078

(f) Surrenders 3,526,396 7,611,950 3,469,971 7,115,762

(g) Others(Interest on unclaimed amount of policyholders) 31,524 64,769 33,897 75,582

-

2. (Amount ceded in reinsurance): - -

(a) Claims by Death, (189,044) (360,682) (220,858) (418,324)

(b) Claims by Maturity, - - - -

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

(d) Periodical Benefit - - - -

(e) Health (9,096) (5,429) (10,982) (10,982)

(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 4,411,209 9,538,702 4,672,968 9,387,997

FORM L-8-SHARE CAPITAL SCHEDULE

SHARE CAPITAL

ParticularsAs at SEPTEMBER

30, 2017

As at SEPTEMBER

30, 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

ParticularsAs at SEPTEMBER

30, 2017

As at SEPTEMBER

30, 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 - 1,818,373

TOTAL - 1,818,373

As at SEPTEMBER 30, 2017 As at SEPTEMBER 30, 2016

FORM L-11-BORROWINGS SCHEDULE

BORROWINGS

Particulars

As at

SEPTEMBER 30,

2017

As at

SEPTEMBER 30,

2016

(Rs.’000). (Rs.’000).

Debentures/ Bonds - -

Banks - -

Financial Institutions - -

Others 145,318 182,790

For Information technology equipments and software [Borrowing for information

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

September 30, 2017 of these equipments is Rs 114,163 (Previous period Rs

146,781)

Vehicle lease - -

TOTAL 145,318 182,790

Note: Amount due within 12 months from balance sheet date is Rs.54,130 (Previous year Rs. 65,883 )

FORM L-12-INVESTMENTS SHAREHOLDERS SCHEDULE

INVESTMENTS-SHAREHOLDERS

Particulars

As at

SEPTEMBER 30,

2017

As at

SEPTEMBER 30,

2016

(Rs.’000) (Rs.’000)

LONG TERM INVESTMENTS

Government securities and Government guaranteed bonds including Treasury

Bills 3,823,477 2,940,367

Other Approved Securities 405,095 405,740

Other Investments

(a)Shares

(aa) Equity 16,447 9,577

(bb) Preference - -

(b) Mutual Funds - -

(c ) Derivative Instruments - -

(d) Debentures/ Bonds 845,592 787,451

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

(f) Subsidiaries - -

Investment Properties-Real Estate - -

Investments in Infrastructure and Social Sector (including Housing) 1,242,015 1,482,604

Other than Approved Investments 249,713 -

SHORT TERM INVESTMENTS


Bills 98,525 762,510

Other Approved Securities - -

Other Investments

(a)Shares

(aa) Equity - -

(bb) Preference - -




(e) Other Securities - CP/CBLO/Bank Deposits 23,696 141,049


(g) Bank Deposits - -

(h) Commercial Papers - -

Investment Properties-Real Estate - -

Investments in Infrastructure and Social Sector (including Housing) 498,056 92,171

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 7,342,733 6,781,485

The market value of the above total investment is Rs.7,659,681 (Previous period Sep 16 - Rs.7,146,151)

FORM L-13-INVESTMENTS POLICYHOLDERS SCHEDULE

INVESTMENTS-POLICYHOLDERS

Particulars

As at

SEPTEMBER 30,

2017

As at

SEPTEMBER 30,

2016

(Rs.’000) (Rs.’000)



Bills 46,640,949 37,811,956


Other Investments

(a) Shares

(aa) Equity 929,101 169,840

(bb)Preference - -


(c)Derivative Instruments - -

(d) Debentures/ Bonds 13,585,102 7,621,760

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


(g) Investment Properties-Real Estate - -

Investments in Infrastructure and Social Sector (including Housing) 21,831,763 16,752,671


(a) Equity - -

(b) Preference - -

(c) Debentures/ Bonds 500,000 48,968



Bills 1,307,608 851,184


Other Investments - -

(a) Shares

(aa) Equity - -

(bb) Preference - -


(c)Derivative Instruments - -


(e) Other securities - Bank Deposits/CBLO/FD 797,471 1,620,582



Investments in Infrastructure and Social Sector - Debt Securities (including

Housing) 433,152 364,649

Other than approved investments-Debenture / Bonds 49,516 -

TOTAL 87,854,289 66,521,839

Notes:

The market value of the above total investment is Rs.9,37,76,961 (Previous period Sep 16 - Rs.73,096,489)

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

ASSETS HELD TO COVER LINKED LIABILITIES

Particulars

As at

SEPTEMBER 30,

2017

As at

SEPTEMBER 30,

2016

(Rs.’000) (Rs.’000)



Bills 7,046,676 10,264,629


Other Investments

(a) Shares

(aa) Equity 31,758,687 40,074,621

(bb) Preference - -


(c) Derivative Instruments - -


(e) Other Securities-Bank Deposits - -



Investments in Infrastructure and Social Sector (including Housing)

- Debt Securities (including Housing) 6,891,403 5,868,071

- Equities 2,214,609 1,271,554


(a) Equity 948,684 329,653

(b) Preference - -

(c) Debentures/ Bonds - -



Bills 6,608,164 5,037,637


Other Investments

(a) Shares

(aa) Equity - -

(bb) Preference - -




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


(g) Other securities - CP/CBLO/Bank Deposits 3,313,594 1,958,802

(h) Investment Properties-Real Estate - -

Investments in Infrastructure and Social Sector (including Housing) 322,051 288,776

Other than Approved Investments - -

(a) Mutual Funds 3,803,473 -

(b) Debentures/ Bonds - -

Other net current assets 330,265 1,199,540

TOTAL 66,249,484 68,277,816

FORM L-15-LOANS SCHEDULE

LOANS

Particulars

As at

SEPTEMBER 30,

2017

As at SEPTEMBER

30, 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 333,051 272,715

(d) Others (to be specified) - -

Unsecured - -

TOTAL 333,051 272,715

BORROWER-WISE CLASSIFICATION

(a) Central and State Governments - -

(b) Banks and Financial Institutions - -

(c) Subsidiaries - -

(d) Companies - -

(e) Loans against policies 333,051 272,715

(f) Others (to be specified) - -

TOTAL 333,051 272,715

PERFORMANCE-WISE CLASSIFICATION

(a) Loans classified as standard

(aa) In India 333,051 272,715


(b) Non-standard loans less provisions

(aa) In India - -


TOTAL 333,051 272,715

MATURITY-WISE CLASSIFICATION

(a) Short Term 19,113 3,600

(b) Long Term 313,938 269,115

TOTAL 333,051 272,715

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

SEPTEMBER

30, 2017

As at

SEPTEMBER

30, 2016

Goodwill - - - - - - - - - -

Intangibles (specify)

Computer Software 860,411 23,236 1,546 882,101 728,164 43,944 1,543 770,565 111,536 147,748

Tangibles (specify)

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

Leasehold Property 151,776 8,120 1,512 158,384 95,504 11,551 1,274 105,781 52,603 37,687

Buildings 244,310 13 - 244,323 9,978 2,040 1 12,017 232,306 227,206

Furniture & Fittings 76,290 1,341 3,711 73,920 51,459 2,171 3,201 50,429 23,491 20,932

Information technology equipment - Owned 556,245 5,149 21,903 539,491 462,952 20,191 22,074 461,069 78,422 74,553

Information technology equipment - Leased 195,708 - - 195,708 65,236 16,309 - 81,545 114,163 146,781

Vehicles 1,247 - - 1,247 678 43 - 721 526 -

Office Equipment 114,249 2,748 5,770 111,227 80,335 5,457 5,342 80,450 30,777 34,632

TOTAL 2,200,236 40,607 34,442 2,206,401 1,494,306 101,706 33,435 1,562,577 643,824 689,539

Work in progress - - - - - - - - 68,823 39,044

Grand Total 2,200,236 40,607 34,442 2,206,401 1,494,306 101,706 33,435 1,562,577 712,647 728,583

PREVIOUS PERIOD 2,204,174 131,651 157,064 2,178,761 1,492,242 127,218 130,238 1,489,222 728,583

Net BlockCost/ Gross Block Depreciation

Particulars

FORM L-17-CASH AND BANK BALANCE SCHEDULE

CASH AND BANK BALANCES

Particulars As at SEPTEMBER

30, 2017

As at SEPTEMBER

30, 2016(Rs.’000). (Rs.’000).

Cash (including cheques, drafts and stamps) 186,467 134,195

Bank Balances

(a) Deposit Accounts

(aa) Short-term (due within 12 months of the date of Balance Sheet) 110,800 546,750

(bb) Others 400 400

(b) Current Accounts 1,177,359 451,303

(c ) Others (to be specified) - -

Money at Call and Short Notice

(a) With Banks - -

(b) With other Institutions - -

Others (to be specified) - -

TOTAL 1,475,026 1,132,648

Balances with non-scheduled banks included above

CASH & BANK BALANCES

In India 1,475,026 1,132,648

Outside India - -

TOTAL 1,475,026 1,132,648

FORM L-18-ADVANCE AND OTHER ASSETS SCHEDULE

ADVANCES AND OTHER ASSETS

Particulars As at

SEPTEMBER 30,

2017

As at

SEPTEMBER 30,

2016 (Rs.’000) (Rs.’000)

ADVANCES

Reserve deposits with ceding companies - -

Application money for investments - -

Prepayments 57,925 53,796

Advances to Directors/Officers - -

Advances to Suppliers 101,172 75,761

Less: Provision for doubtful recoveries 10,067 91,105 10,000 65,761

Advances to Employees 29,315 21,649

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

Other Advances 58,273 53,093

TOTAL (A) 236,841 194,666

OTHER ASSETS

Income accrued on investments 2,669,646 2,075,431

Outstanding Premiums 905,553 721,007

Agents’ Balances 44,039 57,179

Less: Provision for doubtful recoveries 44,039 - 55,188 1,991

Foreign Agencies Balances - -

Advance income tax/Service Tax - -

Due from other entities carrying on insurance business (including reinsurers) 280,387 349,263

Due from subsidiaries/ holding company - -

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

Service tax/Cess unutilized credit 212,113 79,054

Deposits 213,956 203,829

Less: Provision for doubtful recoveries 81,421 132,535 86,821 117,008

Other receivables and Unclaimed fund 2,162,871 2,072,017

Less: Provision for doubtful recoveries 27,439 2,135,432 32,958 2,039,059

TOTAL (B) 6,335,666 5,382,813

TOTAL (A+B) 6,572,507 5,577,479

FORM L-19-CURRENT LIABILITIES SCHEDULE

CURRENT LIABILITIES

Particulars As at

SEPTEMBER 30,

2017

As at

SEPTEMBER 30,

2016 (Rs.’000) (Rs.’000)

Agents’ Balances 235,748 233,852

Balances due to other insurance companies 504,531 608,766

Deposits held on re-insurance ceded - -

Premiums received in advance 765,622 605,304

Unallocated premium (policy/proposal deposits) 204,113 64,770

Sundry creditors 2,064,848 1,789,278

Due to subsidiaries/ holding company - -

Claims Outstanding 1,003,045 919,161

Annuities Due - -

Due to Officers/ Directors - -

Taxes deducted at source payable 52,907 47,839

Service tax payable 201,776 166,029

Unclaimed amount of policyholders 2,079,555 2,221,847

Litigated Claims & Other Liabilities 273,591 185,288

TOTAL 7,385,736 6,842,134

FORM L-20-PROVISIONS SCHEDULE

PROVISIONS


30, 2017

As at SEPTEMBER

30, 2016

(Rs.’000). (Rs.’000).

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

For proposed dividends - -

For dividend distribution tax - -

For gratuity 201,790 186,537

For compensated absences 51,671 45,651


TOTAL 253,461 232,188

FORM L-21-MISC EXPENDITURE SCHEDULE

MISCELLANEOUS EXPENDITURE

(To the extent not written off or adjusted)


30, 2017

As at SEPTEMBER

30, 2016

(Rs.’000). (Rs.’000).

Discount Allowed in issue of shares/ debentures - -


TOTAL - -

FORM L-22Analytical Ratios


Sl.No. Particular

FOR THE

QUARTER ENDED

SEPTEMBER 30,

2017

UP TO THE

QUARTER ENDED

SEPTEMBER 30,

2017

FOR THE

QUARTER ENDED

SEPTEMBER 30,

2016

UP TO THE

QUARTER ENDED

SEPTEMBER 30,

2016

1 New business premium income growth rate - segment wise

- Participating policies 35% 24% 11% 32%

- Non-participating policies 30% 36% 132% 103%

- Pension 78% 45% 100% 100%

- Non- Par Annuity -37% -5% 10.49 16.05

- Non Par Pension 251% 140% 1722% 2297%

- Health -83% -61% -52% -55%

- Group - linked 886% -77% -94% 144%

- Individual Life - Linked 37% 19% -76% -72%

- Pension - linked NA NA -100% -100%

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

3 Expense of Management to Gross Direct Premium Ratio 28% 30% 31% 35%

4 Commission Ratio (Gross commission paid to Gross Premium) 6% 5% 6% 5%

5 Ratio of policy holder's liabilities to shareholder's funds 1515% 1515% 1496% 1496%

6 Growth rate of shareholders' fund 8% 8% 7% 7%

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

8 Change in net worth (Rs. In '000) 332,466 741,419 276,679 597,567

9 Profit after tax/Total Income 5% 3% 2% 3%

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

11 Total investments/(Capital + Surplus) 1602% 1602% 1591% 1591%

12 Total affiliated investments/(Capital+ Surplus) 2% 2% 4% 4%

13 Investment Yield (Annualised)

- Non linked Par (With unrealised gains/losses) 5% 11% 32% 23%

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

- Non linked Non Par (With unrealised gains/losses) 5% 10% 29% 21%

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

14 Conservation Ratio

-Linked 80% 79% 71% 69%

-Non Linked 83% 82% 76% 76%

-Pension (both Linked and Non Linked) 65% 70% 64% 68%

-Health 83% 80% 67% 78%

15 Persistency Ratio

For 13th month 68% 72% 66% 69%

For 25th month 54% 56% 47% 49%

For 37th month 42% 43% 37% 38%

For 49th Month 34% 34% 33% 35%

for 61st month 25% 27% 24% 23%

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.0.30

Diluted - Rs.0.30

Basic - Rs.0.37

Diluted - Rs.0.37

Basic - Rs.0.06

Diluted - Rs.0.06

Basic - Rs.0.12

Diluted - Rs.0.12

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

period (not to be annualized)

Basic - Rs.0.30

Diluted - Rs.0.30

Basic - Rs.0.37

Diluted - Rs.0.37

Basic - Rs.0.06

Diluted - Rs.0.06

Basic - Rs.0.12

Diluted - Rs.0.12

6 (iv) Book value per share (Rs) 5.01 5.01 4.42 4.42

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/Profit & Loss 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 : SEPTEMBER 30,2017

(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 33,135 7,295 - 560 8,598 6,931 9,751 - -

2 Sum due to the insured / policyholders on maturity or otherwise 1,274,067 64,419 134,342 140,088 103,043 111,620 63,697 33,017 623,840

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

340,792 7,338 34,802 30,728 24,877 30,932 45,076 26,973 140,066

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

431,561 - 31,398 47,556 188,025 74,631 20,864 1,473 67,615

Total 2,079,555 79,052 200,542 218,932 324,543 224,114 139,388 61,463 831,522

Statement showing the Age-wise Analysis of the Unclaimed Amount of the Policyholders as on SEPTEMBER 30, 2017

Note: Item No. 4 do not include cheques within the validity period of three months amounting to Rs 194,875 thousands (Previous Year Rs. 97,675 thousands)

AGE-WISE ANALYSIS

FORM L-24 Valuation of net liabiltiies

Date : SEPTEMBER 30, 2017

(Rs in Lakhs)

Sl.No. ParticularSEPTEMBER 30,

2017

SEPTEMBER 30,

2016

1 Linked

a Life 640,193 657,280

b General Annuity - -

c Pension 26,771 28,954

d Health - -

2 Non-Linked - -

a Life 822,590 615,654

b General Annuity 1,648 720

c Pension 10,025 9,360

d Health 6,743 2,851

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 : September 30, 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 336 336 166 2,543 1,185 1,185 719 21,145 1,521 1,521 885 23,688

2 Arunachal Pradesh 3 3 8 43 2 2 3 18 5 5 12 61

3 Assam 312 312 221 3,242 589 589 451 12,029 901 901 672 15,271

4 Bihar 2,262 2,262 757 8,393 2,677 2,677 1,027 11,535 4,939 4,939 1,785 19,928

5 Chattisgarh 308 308 154 1,370 752 752 322 4,188 1,060 1,060 476 5,558

6 Goa 21 21 16 260 110 110 66 1,499 131 131 82 1,759

7 Gujarat 219 219 113 1,966 1,209 1,209 726 15,576 1,428 1,428 838 17,542

8 Haryana 638 638 321 2,940 2,352 2,352 1,353 13,451 2,990 2,990 1,675 16,391

9 Himachal Pradesh 48 48 26 340 4,448 4,448 2,364 19,483 4,496 4,496 2,390 19,823

10 Jammu & Kashmir 2,218 2,218 534 9,539 7,892 7,892 2,075 31,080 10,110 10,110 2,609 40,618

11 Jharkhand 329 329 150 1,407 678 678 317 2,798 1,007 1,007 467 4,205

12 Karnataka 1,297 1,297 454 35,417 6,397 6,397 3,198 275,515 7,694 7,694 3,652 310,932

13 Kerala 429 429 322 3,807 1,937 1,937 1,883 18,668 2,366 2,366 2,205 22,475

14 Madhya Pradesh 885 885 226 3,127 1,879 1,879 787 13,291 2,764 2,764 1,013 16,417

15 Maharashtra 396 396 162 4,362 3,308 3,308 3,058 68,989 3,704 3,704 3,221 73,351

16 Manipur 10 10 5 39 32 32 12 112 42 42 17 151

17 Meghalaya 3 3 2 19 17 17 9 116 20 20 11 135

18 Mirzoram - - - - 2 2 1 6 2 2 1 6

19 Nagaland - - - - - - (1) (8) - - (1) (8)

20 Orissa 650 650 239 2,734 1,288 1,288 471 7,007 1,938 1,938 710 9,741

21 Punjab 2,116 2,116 1,042 9,173 6,793 6,793 4,138 42,526 8,909 8,909 5,180 51,698

22 Rajasthan 669 669 248 3,454 1,034 1,034 410 5,402 1,703 1,703 658 8,856

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

24 Tamil Nadu 187 187 91 1,264 1,681 1,681 1,339 20,552 1,868 1,868 1,431 21,815

25 Telangana 85 85 26 323 781 781 474 12,006 866 866 500 12,328

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

27 Uttar Pradesh 4,130 4,130 1,463 15,518 11,742 11,742 5,818 58,120 15,872 15,872 7,281 73,638

28 UttraKhand 468 468 213 2,399 1,228 1,228 659 7,912 1,696 1,696 872 10,311

29 West Bengal 1,097 1,097 501 4,964 2,798 2,798 1,921 24,132 3,895 3,895 2,421 29,096

30 Andaman & Nicobar Islands 2 2 0 4 38 38 14 133 40 40 14 137

31 Chandigarh 3 3 (0) 4 361 361 198 2,806 364 364 198 2,810

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

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

34 Delhi 297 297 137 2,695 10,320 10,320 7,228 96,925 10,617 10,617 7,364 99,620

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

36 Puducherry 2 2 0 4 7 7 3 39 9 9 3 44

Company Total 19,420 19,420 7,598 121,350 73,537 73,537 41,045 787,050 92,957 92,957 48,642 908,400

Geographical Distribution of Total Business - Individuals - April 2017 to September 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 - 22 6 295 4 52,317 30 233,605 4 52,339 36 233,900

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

3 Assam - 3 0 21 1 75 2 355 1 78 2 376

4 Bihar - 474 74 4,069 - 1,432 80 5,954 - 1,906 155 10,023

5 Chattisgarh - 64 10 494 - 208 87 3,221 - 272 97 3,716

6 Goa - - - - - 258 0 607 - 258 0 607

7 Gujarat - 26 5 391 7 23,926 105 16,464 7 23,952 110 16,855

8 Haryana - 296 48 2,664 5 44,231 285 325,257 5 44,527 333 327,921

9 Himachal Pradesh - 29 9 309 - 1,422 275 11,265 - 1,451 284 11,574

10 Jammu & Kashmir - 4,061 211 13,475 1 29,449 1,029 258,517 1 33,510 1,240 271,992

11 Jharkhand - 35 5 275 - 574 25 6,152 - 609 29 6,427

12 Karnataka - 95 8 794 12 39,737 569 628,386 12 39,832 577 629,180

13 Kerala - 60 13 757 - 863 333 13,207 - 923 346 13,964

14 Madhya Pradesh - 88 20 891 - 720 284 11,326 - 808 304 12,217

15 Maharashtra - 749 73 4,659 11 63,668 447 819,135 11 64,417 520 823,794

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

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

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

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

20 Orissa - 56 12 612 - 304 26 5,876 - 360 39 6,488

21 Punjab - 99 15 891 - 363 86 4,283 - 462 101 5,174

22 Rajasthan - 316 68 3,628 1 861 157 11,124 1 1,177 225 14,751

23 Sikkim - - - - - 5 2 82 - 5 2 82

24 Tamil Nadu - 1,357 96 7,035 2 12,965 489 (28,072) 2 14,322 586 (21,037)

25 Telangana - 3 1 61 3 3,535 384 58,383 3 3,538 384 58,444

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

27 Uttar Pradesh - 558 116 4,985 1 5,089 696 54,325 1 5,647 812 59,311

28 UttraKhand - 141 31 1,702 - 308 110 5,635 - 449 142 7,337

29 West Bengal - 390 53 3,338 1 601 174 8,671 1 991 227 12,010

30 Andaman & Nicobar Islands - 7 1 68 - 35 5 326 - 42 6 393

31 Chandigarh - 1 0 14 - 136 67 4,785 - 137 67 4,799

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

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

34 Delhi - 2 0 11 9 11,174 301 53,357 9 11,176 301 53,368

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

36 Puducherry - 4 0 8 - 9 0 61 - 13 0 70

Company Total - 8,936 876 51,447 58 294,265 6,050 2,512,289 58 303,201 6,926 2,563,735

Geographical Distribution of Total Business - Group - April 2017 to September 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: 30th Sep 2017

Statement of Investment Assets (Life Insurers)

(Business within India)

Periodicity of Submission: Quarterly Rs.lakhs

Section I

No PARTICULARS SCH Amount Reconciliation of Investment Assets

1 Investments (Sharehoders) 8 73,427 Total Investment Assets (as per Balance Sheet) 1,614,465

Investments (Policyholders) 8A 878,543 Balance Sheet Value of:

Investments (Linked Liabilities) 8B 662,495 A. Life Fund 933,809

2 Loans 9 3,331 B. Pention & General Annuity and Group Business 18,161

3 Fixed Assets 10 7,126 C. Unit Linked Funds 662,495

4 Current Assets 0 1,614,465

a. Cash & Bank Balance 11 14,750

b. Advances & Other Assets 12 65,725

5 Current Liabilities 0

a. Current Liabilities 13 73,857

b. Provisions 14 2,535

c. Misc. Exp not Written Off 15 0

d. Debit Balance of P&L A/c 0

Application of Funds as per Balance Sheet (A) 1,629,005

Less: Other Assets SCH Amount

1 Loans (if any) 9 3,331

2 Fixed Assets (if any) 10 7,126

3 Cash & Bank Balance (if any) 11 14,750

4 Advances & Other Assets (if any) 12 65,725

5 Current Liabilities 13 73,857

6 Provisions 14 2,535

7 Misc. Exp not Written Off 15 0

8 Investments held outside India 0

9 Debit Balance of P&L A/c 0

TOTAL (B) 14,540

Investment Assets (A-B) 1,614,465

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%- 30,568 13,317 299,097 127,991 470,973 50 - 470,973 513,055

2Not Less than

50%- 43,271 18,126 320,249 132,641 514,287 55 - 514,287 558,150

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

a. Housing & Infrastructure - - - - - - - - - -

1. Approved Investments - 17,401 3,503 164,324 50,599 235,827 25 49 235,876 249,121

2. Other Investments - - - - 495 495 0 - 495 493

b. i) Approved Investments - 9,729 3,682 107,879 53,232 174,523 19 631 175,154 179,543

ii) Other Investments - 2,997 - 3,870 1,130 7,997 1 - 7,997 8,202

TOTAL LIFE FUND 100% - 73,398 25,311 596,322 238,098 933,129 100 680 933,809 995,509

PAR NON PAR

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

1 Central Govt. Sec 6,967 2,098 9,065 50 - 9,065 9,568

2 7,065 2,098 9,162 50 - 9,162 9,672

3 Balance in Approved investment 4,198 4,801 8,999 50 - 8,999 9,186

11,263 6,898 18,161 100 - 18,161 18,857

LINKED BUSINESS

PAR (a) NON PAR (b)

1 Approved Investments - 614,973 614,973 92.8

2 Other Investments - 47,522 47,522 7.2

- 662,495 662,495 100

Actual % (d)

Not Less than 75%

Not More than 25%

TOTAL LINKED INSURANCE FUND 100%

Total Fund (c) =

(a+b)

TOTAL PENSION, GENERAL ANNUITY FUND 100%

C. LINKED FUNDS % as per RegPH

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%

A. LIFE FUND % as per Reg

SH PHBook Value

(SH+PH)Actual % FVC Amount Total Fund

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: 30th Sep 2017

PARTICULARS

Opening Balance (Market Value) 23,926.20 35,675.40 44,307.87 66,510.25 59,348.33 5,243.52 9,438.06 39.53 2,166.61 72,772.30

Add: Inflow during the Quarter 10.50 526.29 528.34 1,820.40 1,515.27 96.27 344.46 6.30 20.27 265.12

Increase / (Decrease) Value of Inv [Net] 663.09 896.46 994.84 939.66 2,212.35 90.13 121.24 0.47 27.19 2,682.81

Less: Outflow during the Quarter 1,408.61 1,548.97 2,683.36 2,630.65 2,883.50 53.06 641.08 2.30 103.49 4,365.75

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 1,467.70 6.3% 6,300.00 17.7% 8,659.40 20.1% 65,829.67 98.8% - 0.0% 2,462.20 45.8% 2,812.59 30.4% - 0.0% 934.57 44.3% - 0.0%

State Governement Securities - 0.0% 1,790.06 5.0% 285.30 0.7% - 0.0% - 0.0% 316.23 5.9% - 0.0% - 0.0% - 0.0% - 0.0%

Other Approved Securities - 0.0% 16.35 0.0% 17.63 0.0% - 0.0% - 0.0% - 0.0% 7.54 0.1% - 0.0% 2.69 0.1% - 0.0%

Corporate Bonds 1,106.98 4.8% 1,209.62 3.4% 3,318.42 7.7% - 0.0% - 0.0% 355.20 6.6% 2,001.14 21.6% - 0.0% 218.04 10.3% - 0.0%

Infrastructure Bonds 1,543.12 6.7% 7,360.41 20.7% 4,567.33 10.6% - 0.0% - 0.0% 374.76 7.0% 3,301.19 35.6% - 0.0% - 0.0% - 0.0%

Equity 17,059.33 73.6% 16,078.69 45.2% 23,556.11 54.6% - 0.0% 48,569.33 80.7% 1,441.40 26.8% - 0.0% - 0.0% 446.96 21.2% 58,308.27 81.7%

Money Market Investments 327.50 1.4% 2,276.82 6.4% 1,866.25 4.3% 1,411.55 2.1% 4,433.28 7.4% 368.03 6.8% 833.48 9.0% 41.16 93.5% 452.21 21.4% 4,423.18 6.2%

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) 21,504.63 92.7% 35,031.96 98.5% 42,270.44 98.0% 67,241.22 100.9% 53,002.61 88.1% 5,317.82 98.9% 8,955.94 96.7% 41.16 93.5% 2,054.46 97.3% 62,731.45 87.9%

Current Assets:

Accrued Interest 94.58 0.4% 396.30 1.1% 446.13 1.0% - 0.0% 0.00 0.0% 73.83 1.4% 306.73 3.3% - 0.0% 45.20 2.1% 0.00 0.0%

Dividend Recievable 9.00 0.0% 10.75 0.0% 10.46 0.0% - 0.0% 32.96 0.1% 0.74 0.0% - 0.0% - 0.0% 0.22 0.0% 35.83 0.1%

Bank Balance 2.12 0.0% 2.28 0.0% 4.75 0.0% 0.92 0.0% 5.37 0.0% 0.38 0.0% 0.58 0.0% 0.03 0.1% 0.39 0.0% 7.92 0.0%

Receivable for Sale of Investments 0.00 0.0% 0.00 0.0% 1,074.33 2.5% - 0.0% 265.14 0.4% 0.00 0.0% - 0.0% - 0.0% 0.00 0.0% 0.00 0.0%

Other Current Assets (for Investments) - 0.0% 95.83 0.3% - 0.0% - 0.0% 356.11 0.6% - 0.0% - 0.0% 2.83 6.4% - 0.0% 151.83 0.2%

Less: Current Liabilities - 0.0% - 0.0% - 0.0% - 0.0% - - 0.0% - 0.0% - 0.0% - 0.0% - 0.0%

Payable for Investments 92.05 0.4% 501.64 1.4% 1,145.50 2.7% - 0.0% 1,157.32 1.9% 43.79 0.8% - 0.0% - 0.0% 1.04 0.0% 470.59 0.7%

Fund Mgmt Charges Payable 2.62 0.0% 2.64 0.0% 4.19 0.0% 2.17 0.0% 4.81 0.0% 0.23 0.0% 0.39 0.0% 0.00 0.0% 0.20 0.0% 5.72 0.0%

Other Current Liabilities (for Investments) 21.02 0.1% - 0.0% 36.20 0.1% 600.31 0.9% 36.41 0.1% 0.05 0.0% 0.18 0.0% 0.00 0.0% 1.28 0.1% 60.04 0.1%

Sub Total (B) (9.99) 0.0% 0.88 0.0% 349.78 0.8% (601.56) -0.9% (538.98) -0.9% 30.88 0.6% 306.74 3.3% 2.85 6.5% 43.28 2.1% (340.77) -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 334.41 1.4% 516.33 1.5% 527.47 1.2% - 0.0% 2,437.34 4.0% 28.17 0.5% - 0.0% - 0.0% 12.84 0.6% 1,662.50 2.3%

Mutual funds 1,362.13 5.9% - 0.0% - 0.0% - 0.0% 5,291.48 8.8% - 0.0% - 0.0% - 0.0% - 0.0% 7,301.29 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) 1,696.54 7.3% 516.33 1.5% 527.47 1.2% - 0.0% 7,728.82 12.8% 28.17 0.5% - 0.0% - 0.0% 12.84 0.6% 8,963.79 12.6%

Total (A + B + C) 23,191.18 100.0% 35,549.17 100.0% 43,147.69 100.0% 66,639.66 100.0% 60,192.45 100.0% 5,376.87 100.0% 9,262.69 100.0% 44.01 100.0% 2,110.58 100.0% 71,354.48 100.0%

Fund Carried Forward (as per LB 2) 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

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 ULIF01115/12/09MULTIPLIE21ULIF01315/12/09FLEXICAPFN

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

ULIF00325/01/05MODERA

TORF117

ULIF01115/12/09MULTIPLIE21

17

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

FORM L-27-UNIT LINKED BUSINESS-3A


Unit Linked Insurance Business



Periodicty of Submission: Quarterly

Statement as on: 30th Sep 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

244.68 196,394.33 6,571.02 7,495.84 104,894.03 17,437.39 5,822.92 9,807.54

32.05 812.10 265.59 218.25 2,299.78 2,403.06 726.66 21.61

8.53 6,058.58 30.38 39.11 1,144.23 183.02 387.55 493.63

9.44 11,206.28 340.73 415.78 2,633.03 3,099.07 70.25 391.23

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% 4,545.42 69.6% 5,939.85 81.0% 23,898.76 22.6% 6,180.92 36.5% - 0.0% - 0.0% 129,031.07 19.5%

- 0.0% - 0.0% - 0.0% 86.24 1.2% 4,863.63 4.6% 175.89 1.0% - 0.0% - 0.0% 7,517.33 1.1%

- 0.0% - 0.0% 4.24 0.1% 31.03 0.4% 6.10 0.0% - 0.0% - 0.0% - 0.0% 85.57 0.0%

- 0.0% - 0.0% - 0.0% - 0.0% 33,811.84 32.0% 5,428.37 32.1% - 0.0% - 0.0% 47,449.62 7.2%

- 0.0% - 0.0% - 0.0% - 0.0% 33,921.68 32.1% 3,649.63 21.6% - 0.0% - 0.0% 54,718.13 8.3%

214.40 77.7% 159,597.48 83.1% - 0.0% - 0.0% - 0.0% - 0.0% 5,647.80 82.2% 8,813.18 88.7% 339,732.96 51.3%

42.27 15.3% 5,388.22 2.8% 1,870.90 28.7% 1,147.98 15.6% 5,761.75 5.5% 927.85 5.5% 972.29 14.2% 591.21 6.0% 33,135.94 5.0%

- 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% - 0.0%

256.67 93.1% 164,985.71 85.9% 6,420.56 98.4% 7,205.11 98.2% 102,263.76 96.7% 16,362.66 96.7% 6,620.09 96.4% 9,404.39 94.7% 611,670.62 92.3%

- 0.0% 0.00 0.0% 89.57 1.4% 141.14 1.9% 3,023.22 2.9% 583.93 3.5% - 0.0% - 0.0% 5,200.63 0.8%

0.13 0.0% 78.93 0.0% - 0.0% - 0.0% - 0.0% - 0.0% 5.76 0.1% 5.76 0.1% 190.54 0.0%

0.05 0.0% 20.13 0.0% 1.20 0.0% 0.78 0.0% 3.75 0.0% 0.64 0.0% 1.18 0.0% 3.05 0.0% 55.51 0.0%

0.00 0.0% 0.00 0.0% - 0.0% - 0.0% - 0.0% - 0.0% 25.04 0.4% 48.85 0.5% 1,413.35 0.2%

4.06 1.5% - 0.0% 15.35 0.2% - 0.0% 421.10 0.4% - 0.0% 96.53 1.4% - 0.0% 1,143.63 0.2%

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

15.21 5.5% 0.00 0.0% - 0.0% - 0.0% - 0.0% - 0.0% 133.78 1.9% 24.57 0.2% 3,585.50 0.5%

0.02 0.0% 21.62 0.0% 0.42 0.0% 0.59 0.0% 6.81 0.0% 1.37 0.0% 0.55 0.0% 1.12 0.0% 55.48 0.0%

0.92 0.3% 264.19 0.1% - 0.0% 9.00 0.1% - 0.0% 21.47 0.1% - 0.0% 8.95 0.1% 1,060.03 0.2%

(11.92) -4.3% (186.75) -0.1% 105.70 1.6% 132.32 1.8% 3,441.25 3.3% 561.74 3.3% (5.83) -0.1% 23.01 0.2% 3,302.65 0.5%

- 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%

5.34 1.9% 3,205.69 1.7% - 0.0% - 0.0% - 0.0% - 0.0% 252.62 3.7% 504.14 5.1% 9,486.84 1.4%

25.72 9.3% 24,054.09 12.5% - 0.0% - 0.0% - 0.0% - 0.0% - 0.0% - 0.0% 38,034.73 5.7%

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

31.06 11.3% 27,259.78 14.2% - 0.0% - 0.0% - 0.0% - 0.0% 252.62 3.7% 504.14 5.1% 47,521.56 7.2%

275.81 100.0% 192,058.73 100.0% 6,526.26 100.0% 7,337.43 100.0% 105,705.01 100.0% 16,924.40 100.0% 6,866.88 100.0% 9,931.54 100.0% 662,494.83 100.0%

275.81 192,058.73 6,526.26 7,337.43 105,705.01 16,924.40 6,866.88 9,931.54 662,494.83

ULIF00225/01/05PROTECTO ULIF00719/02/08VIRTUEFUND Total of All Funds

16,924.40 6,866.88

ULIF01215/12/09VIRTUE2ULIF01809/10/15MULTIPLIE31 ULIF00625/01/05MULTIPLIER1 ULIF00815/12/09PRESERVE

192,058.73 6,526.26 7,337.43 105,705.01

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

11,912.31

16,973.28

34,486.57

9,931.54 662,494.83 275.81

668,095.82

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

FORM L-28-ULIP-NAV-3A



Registration Number: 117 PART - C

Link to FORM 3A (Part B)

Statement for the period: 01 July 2017 to 30 Sep 2017

Periodicity of Submission: Quarterly

Statement of NAV of Segregated Funds Rs. Lakhs

1 ACCELERATOR ULIF00525/01/05ACCELERATO117 25-Jan-05 NON PAR 23,191.18 38.83 38.83 37.81 36.59 33.61 35.28 10.1% 6.63% 40.2592

2 BALANCER ULIF00425/01/05BALANCERFN117 25-Jan-05 NON PAR 43,147.69 33.05 33.05 32.34 31.33 29.71 30.42 8.6% 7.6% 33.9011

3 BALANCER II FUND ULIF01015/12/09BALANCER2F117 15-Dec-09 NON PAR 35,549.17 18.78 18.78 18.33 17.64 16.63 17.06 10.1% 9.5% 19.1593

4 DISCONTINUED POLICY FUND ULIF01721/12/10DISCONTINU117 21-Dec-10 NON PAR 66,639.66 16.14 16.14 15.92 15.70 15.47 15.24 5.9% 6.82% 16.1434

5 FLEXI CAP FUND ULIF01315/12/09FLEXICAPFN117 15-Dec-09 NON PAR 60,192.45 20.63 20.63 19.90 18.99 16.95 18.09 14.1% 9.98% 21.4209

6 GRATUITY BALANCED ULGF00205/06/04GRABALANCE117 05-Jun-04 NON PAR 5,376.87 20.87 20.87 20.52 19.84 19.21 19.30 8.2% 9.68% 21.1448

7 GRATUITY DEBT ULGF00105/06/04GRADEBTFND117 05-Jun-04 NON PAR 9,262.69 18.31 18.31 18.08 17.60 17.63 17.17 6.7% 10.07% 18.3492

8 LIQUID FUND ULIF01909/10/15LIQUIDFUND117 09-Oct-15 NON PAR 44.01 10.57 10.57 10.45 10.33 10.21 10.09 4.8% NA 10.5747

9 MODERATOR ULIF00325/01/05MODERATORF117 25-Jan-05 NON PAR 2,110.58 27.22 27.22 26.88 26.16 25.61 25.59 6.4% 8.25% 27.516

10 MULTIPLIER ULIF00625/01/05MULTIPLIER117 25-Jan-05 NON PAR 192,058.73 40.01 40.01 38.84 37.60 33.91 36.23 10.4% 5.48% 41.6842

11 MULTIPLIER II FUND ULIF01115/12/09MULTIPLIE2117 15-Dec-09 NON PAR 71,354.48 18.13 18.13 17.49 16.85 15.21 16.24 11.6% 6.29% 18.8297

12 MULTIPLIER III FUND ULIF01809/10/15MULTIPLIE3117 09-Oct-15 NON PAR 275.81 11.38 11.38 10.99 10.57 9.55 10.10 12.7% NA 11.8206

13 PRESERVER ULIF00125/01/05PRESERVERF117 25-Jan-05 NON PAR 7,337.43 22.43 22.43 22.32 21.70 21.91 21.44 4.6% 9.14% 22.5953

14 PRESERVER II FUND ULIF00815/12/09PRESERVER2117 15-Dec-09 NON PAR 6,526.26 18.10 18.10 18.02 17.51 17.67 17.25 4.9% 9.53% 18.2486

15 PROTECTOR ULIF00225/01/05PROTECTORF117 25-Jan-05 NON PAR 16,924.40 24.51 24.51 24.25 23.66 23.65 23.20 5.7% 9.14% 24.5803

16 PROTECTOR II FUND ULIF00915/12/09PROTECTOR2117 15-Dec-09 NON PAR 105,705.01 19.04 19.04 18.83 18.35 18.30 17.88 6.5% 9.74% 19.0799

17 VIRTUE ULIF00719/02/08VIRTUEFUND117 19-Feb-08 NON PAR 9,931.54 20.67 20.67 19.68 19.28 17.33 18.21 13.5% 9.75% 21.4246

18 VIRTUE II FUND ULIF01215/12/09VIRTUE2FND117 15-Dec-09 NON PAR 6,866.88 21.56 21.56 20.22 19.60 17.59 18.37 17.4% 11.7% 22.325

Total 662,494.83

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: Sep 30th, 2017

(Rs. Lakhs)

As at 30th Sep

2017

as % of total

for this class

As at 30th

Sep 2016

as % of

total for

this class

As at 30th

Sep 2017

as % of

total

for this

class

As at 30th

Sep 2016

as % of total

for this class

Break down by credit rating

AAA rated 406,712 41% 274,442 35% 389,019 41% 256,901 36%

AA or better 18,252 2% 28,271 4% 18,075 2% 27,727 4%

Rated below AA but above A 8,202 1% - 0% 7,997 1% - 0%

Rated below A but above B 493 0% 481 0% 495 0% 490 0%

Any other

- Soverign 567,822 57% 479,725 61% 523,450 56% 428,408 60%

- A1+ - - - - - - - -

BREAKDOWN BY

RESIDUALMATURITY

Up to 1 year 42,693 4% 34,700 4% 42,373 5% 34,417 5%

more than 1 year and upto

3years 40,582 4% 55,407 7% 39,532 4% 53,925 8%

More than 3 years and up to

7years 149,682 15% 95,866 12% 141,296 15% 90,032 13%


10 years 194,012 19% 129,368 17% 187,564 20% 121,362 17%


15 years 90,862 9% 60,249 8% 85,427 9% 54,480 8%


20 years 47,228 5% 47,251 6% 44,138 5% 42,958 6%

Above 20 years 436,422 44% 360,078 46% 398,707 42% 316,353 44%

Breakdown by type of the

issurer

a. Central Government 527,582 53% 444,190 57% 484,782 52% 394,672 55%

b. State Government 40,239 4% 35,536 5% 38,668 4% 33,737 5%

c.Corporate Securities 433,659 43% 303,194 39% 415,586 44% 285,118 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: Sep 30th, 2017

(Rs. Lakhs)

As at 30th Sep

2017

as % of total

for this class

As at 30th

Sep 2016

as % of

total for

this class

As at 30th

Sep 2017

as % of

total for

this

class

As at 30th

Sep 2016

as % of total

for this class

Break down by credit rating

AAA rated 99,126 42% 78,297 33% 94,948 41% 74,181 33%

AA or better 3,042 1% 3,031 1% 3,004 1% 3,004 1%

Rated below AA but above A - - - - - - - -

Rated below A but above B - - - - - - - -

Any other

- Soverign 136,634 57% 153,109 65% 135,427 58% 147,907 66%

- A1+ - - - - - - - -

BREAKDOWN BY

RESIDUALMATURITY

Up to 1 year 72,335 30% 56,810 24% 72,265 31% 56748 25%

more than 1 year and upto

3years 10,462 4% 23,997 10% 10,228 4% 23416 10%


7years 49,263 21% 24,716 11% 46,849 20% 22850 10%


10 years 58,173 24% 56,326 24% 56,422 24% 53772 24%


15 years 19,333 8% 32,442 14% 19,198 8% 31363 14%


20 years 4,002 2% 10,234 4% 4,068 2% 9561 4%

Above 20 years 25,234 11% 29,911 13% 24,350 10% 27383 12%

Breakdown by type of the

issurer

a. Central Government 129,117 54% 141,922 61% 128,110 55% 137,111 61%

b. State Government 7,517 3% 11,187 5% 7,317 3% 10,796 5%

c.Corporate Securities 102,168 43% 81,328 35% 97,952 42% 77,186 34%

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: September 30th, 2017

(Rs in Lakhs)

FOR THE

QUARTER

ENDED

SEPTEMBER 30,

2017

UP TO THE

QUARTER

ENDED

SEPTEMBER 30,

2017

FOR THE

QUARTER

ENDED

SEPTEMBER 30,

2016

UP TO THE

QUARTER

ENDED

SEPTEMBER 30,

2016

a) Peanut License fee

Charge 9 17 9 18

Payable 9 9 18 18

b) Conference expenses/Travel costs

Charge NIL NIL 53 53

Payable NIL NIL 53 53

c) Information technology expenses

Charge 34 34 14 14

Recoverable 34 34 14 14

d) Travel and other costs

Charge (5) 26 29 56


e) Compensation costs

Charge 235 426 272 515


a) Commission

Charge 3,355 5,517 2,523 4,268

Payable 650 650 560 560

b) Bank Charges

Charge 21 57 17 21

Payable 18 18 6 6

c) Claims Settled

Charge NIL NIL (15) NIL

Payable NIL NIL NIL NIL

d)Premium received

Charge NIL NIL 0 45

Payable 2 2 17 17

e) Bank balances ( Current account/short

term deposit)

Charge NIL NIL NIL NIL

Recoverable 5,725 5,725 5,848 5,848

f) Interest/Dividend received

Charge 53 106 102 140


g) Investment in Fixed deposit , Bond &

Equity

Charge NIL NIL NIL NIL

Recoverable 2,502 2,502 3,927 3,927

Managerial Remunaration (31) (31) 178 267

Payable NIL NIL NIL NIL

Employee benefits 121 215 NIL NIL

Payable 83 83 NIL NIL

Interim CEO & Principal

OfficerAshish Srivastava4

1 MetLife International Holdings Inc Shareholder

2 Punjab National Bank Shareholder

3 Tarun Chugh Managing Director


Related Party Transactions

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

the CompanyDescription of Transactions / Categories

Consideration paid / received

FORM L-31

Date : September 30, 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 Kerasp 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 Interim CEO & Principal Officer

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

KEY PERSON

Sl. No. Name of person Role

1 Ashish Kumar Srivastava Interim CEO and Principal Officer

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.

30th September 2017

Form Code:

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

Classification: Total Business

(1)

01 1,548,678

02 1,507,971

03 1,453

04 39,254

05 77,746

06

07 77,746

08 117,000

09 55,977

10 2.09

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

Item Description

(See Regulation 4)

Adjusted Value

[Amount (in rupees lakhs)]

(4)

Available Assets in Policyholders' Fund:

Deduct:

Mathematical Reserves

(2)

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

FORM L-33-NPAs-7A



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

YTD ( As on 30 Sep

2017)

YTD ( As on 31 Mar

2017)

YTD ( As on 30 Sep

2017)

YTD ( As on 31 Mar

2017)

YTD ( As on 30 Sep

2017)

YTD ( As on 31 Mar

2017)

YTD ( As on 30 Sep

2017)

YTD ( As on 31 Mar

2017)

YTD ( As on 30 Sep

2017)

YTD ( As on 31 Mar

2017)

1 Investments Assets (As per Form 3A / 3B - Total Fund) 408,613.76 350,714.89 - - - - 524,515.26 470,803.11 933,129.02 821,517.99

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) 408,613.76 350,714.89 - - - - 524,515.26 470,803.11 933,129.02 821,517.99

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 30 Sep

2017)

YTD ( As on 31 Mar

2017)

YTD ( As on 30 Sep

2017)

YTD ( As on 31 Mar

2017)

YTD ( As on 30 Sep

2017)

YTD ( As on 31 Mar

2017)

YTD ( As on 30 Sep

2017)

YTD ( As on 31 Mar

2017)

YTD ( As on 30 Sep

2017)

YTD ( As on 31 Mar

2017)


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






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



NAME OF THE FUND : LINKED FUND Rs. Lakhs

YTD ( As on 30 Sep

2017)

YTD ( As on 31 Mar

2017)

YTD ( As on 30 Sep

2017)

YTD ( As on 31 Mar

2017)

YTD ( As on 30 Sep

2017)

YTD ( As on 31 Mar

2017)

YTD ( As on 30 Sep

2017)

YTD ( As on 31 Mar

2017)

YTD ( As on 30 Sep

2017)

YTD ( As on 31 Mar

2017)


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






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: 30th Sep 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 444,938.0 8,997.1 2.0% 2.0% 434,636.5 17,656.0 4.1% 4.1% 371,991.1 15,471.0 4.2% 4.2%Treasury Bills CTRB 10,115.7 152.9 1.5% 1.5% 8,742.3 263.6 3.0% 3.0% 6,191.1 212.0 3.4% 3.4%State Government Guaranteed Loans SGGL 35,385.8 716.7 2.0% 2.0% 34,527.1 1,402.3 4.1% 4.1% 26,405.0 1,088.5 4.1% 4.1%Other Approved Securities (excluding Infrastructure

Investments)SGOA 4,647.6 93.6 2.0% 2.0% 4,648.1 187.3 4.0% 4.0% 4,652.1 187.3 4.0% 4.0%

Bonds / Debentures issued by NHB / Institutions

accredited by NHBHTDN 84,861.6 1,875.4 2.2% 2.2% 85,342.5 3,759.4 4.4% 4.4% 69,036.9 3,118.7 4.5% 4.5%

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 143,975.2 3,059.7 2.1% 2.1% 139,481.3 6,008.8 4.3% 4.3% 95,062.0 4,215.9 4.4% 4.4%Infrastructure - Other Corporate Securities Debentures /

BondsICTD 3,368.3 86.6 2.6% 2.6% 3,369.6 172.4 5.1% 5.1% 4,053.3 202.9 5.0% 5.0%

Infrastructure - PSU - Equity shares - Quoted ITPE 277.4 5.2 1.9% 1.9% 277.4 5.2 1.9% 1.9% 98.4 0.8 0.8% 0.8%Infrastructure - Corporate Securities - Equity shares-

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

Infrastructure - Debentures / Bonds / CPS / Loans IODS 494.5 9.8 2.0% 2.0% 493.8 19.5 4.0% 4.0% 488.3 19.5 4.0% 4.0%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 5,060.8 108.3 2.1% 2.1% 4,523.6 124.3 2.7% 2.7% - - 0.0% 0.0%

PSU - Equity Shares - Quoted EAEQ 197.4 - 0.0% 0.0% 197.4 1.1 0.6% 0.6% - - 0.0% 0.0%Corporate Securities - Debentures ECOS 151,578.4 3,144.7 2.1% 2.1% 144,501.0 6,039.2 4.2% 4.2% 87,089.4 3,879.4 4.5% 4.5%CCIL - CBLO ECBO 16,354.9 240.4 1.5% 1.5% 16,448.1 482.8 2.9% 2.9% 13,286.9 419.1 3.2% 3.2%

Corporate Securities - Equity Shares (Ordinary) - Quoted EACE 3,567.7 36.9 1.0% 1.0% 3,567.7 47.4 1.3% 1.3% 1,304.0 0.1 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 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 2,501.8 51.8 2.1% 2.1% 2,501.8 103.0 4.1% 4.1% 2,502.1 102.8 4.1% 4.1%

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% - 1.0 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 - DEBT ORAD 8,037.7 118.9 1.5% 1.5% 8,037.7 118.9 1.5% 1.5% - - 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 915,362.7 18,698.0 2.0% 2.0% 891,295.7 36,391.2 4.1% 4.1% 689,651.4 28,939.82 4.2% 4.2%

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 & Group




Statement as on: 30th Sep 2017 Name of the Fund Pension, General Annuity & Group Business



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

Investmen

t (Rs.)¹

Income on

Investment

(Rs.)

Gross

Yield (%)¹

Net Yield

(%)²

Central Government Bonds CGSB 8,102.8 160.5 2.0% 2.0% 7,556.3 304.9 4.0% 4.0% 5,854.1 251.9 4.3% 4.3%

Treasury Bills CTRB 986.4 15.4 1.6% 1.6% 1,110.6 34.9 3.1% 3.1% 1,706.3 59.7 3.5% 3.5%

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

Other Approved Securities (excluding

Infrastructure Investments)SGOA 97.1 2.1 2.2% 2.2% 97.1 4.2 4.4% 4.4% 96.7 4.2 4.4% 4.4%

Bonds / Debentures issued by NHB /

Institutions accredited by NHBHTDN 766.6 15.1 2.0% 2.0% 913.2 45.4 5.0% 5.0% 1,690.2 75.6 4.5% 4.5%

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

Infrastructure - PSU - Debentures / Bonds IPTD 3,291.4 67.5 2.1% 2.1% 2,832.4 117.6 4.2% 4.2% 2,171.1 98.6 4.5% 4.5%

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 2,447.7 51.3 2.1% 2.1% 2,877.8 140.3 4.9% 4.9% 3,129.6 142.4 4.6% 4.6%

CCIL - CBLO ECBO 2,081.5 30.6 1.5% 1.5% 2,231.7 65.6 2.9% 2.9% 1,500.6 47.0 3.1% 3.1%

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 100.0 0.6 0.6% 0.6% 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 17,873.6 343.1 1.9% 1.9% 17,719.1 713.7 4.0% 4.0% 16,730.6 707.6 4.2% 4.2%


Code


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




Statement as on: 30th Sep 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 69,913.4 329.6 0.5% 0.5% 66,751.9 2,707.3 4.1% 4.1% 89,517.8 8,902.9 9.9% 9.9%

Treasury Bills CTRB 65,242.7 1,011.9 1.6% 1.6% 62,790.1 1,938.5 3.1% 3.1% 50,354.7 1,762.2 3.5% 3.5%

State Government Guaranteed Loans SGGL 9,259.8 186.3 2.0% 2.0% 10,180.3 563.1 5.5% 5.5% 8,135.0 713.3 8.8% 8.8%

Other Approved Securities (excluding Infrastructure Investments) SGOA 86.0 1.5 1.7% 1.7% 85.5 3.8 4.4% 4.4% 84.7 6.0 7.1% 7.1%

Bonds / Debentures issued by NHB / Institutions accredited by

NHBHTDN 13,953.5 283.9 2.0% 2.0% 14,205.6 573.8 4.0% 4.0% 17,275.1 972.9 5.6% 5.6%

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

Infrastructure - PSU - Debentures / Bonds IPTD 28,180.5 444.1 1.6% 1.6% 28,932.9 1,215.4 4.2% 4.2% 28,823.8 2,183.3 7.6% 7.6%

Infrastructure - Other Corporate Securities Debentures / Bonds ICTD 21,284.3 407.6 1.9% 1.9% 20,632.7 1,077.1 5.2% 5.2% 11,662.5 876.2 7.5% 7.5%

Infrastructure - PSU - Equity shares - Quoted ITPE 14,142.5 807.5 5.7% 5.7% 16,776.7 1,321.1 7.9% 7.9% 10,936.7 2,623.4 24.0% 24.0%

Infrastructure - Corporate Securities - Equity shares-Quoted ITCE 5,908.3 83.8 1.4% 1.4% 5,610.5 435.7 7.8% 7.8% 4,267.1 (711.2) -16.7% -16.7%

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% 1,856.2 (297.4) -16.0% -16.0%

Infrastructure - Infrastructure Development Fund (Idf) IDDF 3,247.0 51.5 1.6% 1.6% 3,228.5 143.3 4.4% 4.4% - - 0.0% 0.0%

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 16,209.1 389.8 2.4% 2.4% 18,267.1 (600.0) -3.3% -3.3% 22,999.3 4,338.1 18.9% 18.9%

Corporate Securities - Debentures ECOS 28,432.5 617.3 2.2% 2.2% 28,665.3 1,329.8 4.6% 4.6% 15,760.5 1,033.3 6.6% 6.6%

CCIL - CBLO ECBO 27,711.3 406.2 1.5% 1.5% 26,578.4 779.4 2.9% 2.9% 25,589.6 804.8 3.1% 3.1%

Corporate Securities - Equity Shares (Ordinary) - Quoted EACE 320,386.9 14,269.4 4.5% 4.5% 325,607.5 30,803.6 9.5% 9.5% 380,145.5 43,037.1 11.3% 11.3%

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% 3,370.4 134.8 4.0% 4.0%

Application Money ECAM - - 0.0% 0.0% - 0.7 0.0% 0.0% 555.6 0.9 0.2% 0.2%

Net Current Assets ENCA 3,302.7 - 0.0% 0.0% 3,302.7 - 0.0% 0.0% 11,995.4 - 0.0% 0.0%

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

Equity Shares (incl Co-op Societies ) OESH 11,479.5 (634.1) -5.5% -5.5% 12,523.3 (1,224.0) -9.8% -9.8% 4,139.4 1,635.7 39.5% 39.5%

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 34,382.1 994.6 2.9% 2.9% 27,253.6 2,246.8 8.2% 8.2% - - 0.0% 0.0%

Equity Shares (PSUs & Unlisted) OEPU 484.9 (54.1) -11.2% -11.2% 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 673,606.8 19,596.9 2.9% 2.9% 677,172.3 43,252.8 6.4% 6.4% 692,465.8 68,021.3 9.8% 9.8%


Code


FORM L-35-DOWNGRADING OF INVESTMENTS - 2

(Read with Regulation 10) PART - A



Statement as on: 30th Sep 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

6.70% Reliance Infrastructure

Ltd NCD 19-08-2018IODS 495.16 27/Nov/03 CRISIL AAA BBB+ 27/07/17

Downgraded Six

times (Year 2009-10, 8.90% STEEL AUTHORITY OF

INDIA LTD. NCD 01-05-2019ORAD 3497.13 21/May/12 India Ratings AAA AA- 03/08/17

9.30% STEEL AUTHORITY OF

INDIA LTD. NCD 25-05-2018ORAD 500.00 8/Jun/12 India Ratings AAA AA- 03/08/17









B. As on Date ²

6.70% Reliance Infrastructure

Ltd NCD 19-08-2018IODS 495.16 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)


INDIA LTD. NCD 01-05-2019ORAD 3497.13 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 2501.76 04-Nov-15 CARE AAA AA+ 20/07/16





Statement as on: 30th Sep 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---------------------------------





Statement as on: 30th Sep 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

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 42 37 37 219 939 25 25 313 73 94 94 572 1,709 41 41 307

From 10,000-25,000 62 11 11 23 250 5 5 5 116 21 21 34 385 8 8 13

From 25001-50,000 179 15 15 36 72 11 11 21 287 33 33 78 136 12 12 23

From 50,001- 75,000 44 8 8 28 23 2 2 2 57 11 11 39 23 5 5 11

From 75,000-100,000 57 24 24 106 37 4 4 20 97 34 34 148 86 6 6 30

From 1,00,001 -1,25,000 33 - - - 21 - - - 57 4 4 24 21 1 1 6

Above Rs. 1,25,000 184 107 107 1,040 30 57 57 260 568 161 161 1,861 30 111 111 455

ii Individual Single Premium (ISPA)- Annuity

From 0-50000 79 14 14 2 88 - - - 124 28 28 4 141 - - -

From 50,001-100,000 69 - - - 41 - - - 93 - - - 102 - - -

From 1,00,001-150,000 43 - - - 41 - - - 71 - - - 68 - - -

From 150,001- 2,00,000 - 1 1 0 20 - - - 22 1 1 0 17 - - -

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

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

Above Rs. 3,00,000 - 27 27 4 118 - - - 114 44 44 7 146 - - -

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 408 6,862 6,862 28,665 518 8,210 8,210 83,278 741 18,297 18,297 86,463 940 9,156 9,156 7,476

From 10,000-25,000 2,503 9,176 9,176 98,786 3,568 16,655 16,655 165,273 4,646 17,674 17,674 206,194 6,514 32,022 32,022 351,919

From 25001-50,000 6,803 12,605 12,605 74,663 5,880 13,191 13,191 116,019 11,856 21,805 21,805 147,294 10,507 24,222 24,222 231,073

From 50,001- 75,000 3,835 8,720 8,720 47,270 2,446 5,489 5,489 46,625 6,302 12,882 12,882 74,737 4,281 9,416 9,416 87,505

From 75,000-100,000 5,858 4,620 4,620 41,420 3,480 3,287 3,287 35,033 9,509 7,267 7,267 66,477 5,940 5,875 5,875 68,774

From 1,00,001 -1,25,000 1,017 1,917 1,917 15,829 809 1,422 1,422 21,210 1,674 2,879 2,879 24,384 1,334 2,408 2,408 34,643

Above Rs. 1,25,000 6,763 8,854 8,854 185,094 4,715 3,941 3,941 94,256 11,234 11,795 11,795 300,094 8,432 8,811 8,811 300,266

52,754 52,754 491,728 92,599 92,599 905,642

vi Individual non Single Premium- Annuity- INSPA

From 0-50000 42 71 71 489 42 - - - 82 135 135 583 79 - - -

From 50,001-100,000 130 164 164 1,249 76 - - - 199 269 269 1,977 144 - - -

From 1,00,001-150,000 63 56 56 567 47 - - - 99 97 97 975 86 - - -

From 150,001- 2,00,000 60 34 34 382 30 - - - 80 48 48 541 52 - - -

From 2,00,001-250,000 62 25 25 358 - - - - 85 42 42 570 27 - - -

From 2,50,001 -3,00,000 28 17 17 389 31 - - - 31 21 21 483 48 - - -

Above Rs. 3,00,000 314 60 60 2,196 146 - - - 407 76 76 3,242 236 - - -

Upto the quarter ended Sep 2017 Upto the quarter ended Sep 2016For the quarter ended Sep 2017 For the quarter ended Sep 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 Sep 2017 Upto the quarter ended Sep 2016For the quarter ended Sep 2017 For the quarter ended Sep 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 1,525 34,066 33,540 235,609 1,367 33,289 32,765 175,694 2,838 63,645 62,712 432,304 2,609 63,069 62,116 303,164

From 10,000-25,000 11,124 94,532 93,698 663,324 9,873 93,025 92,185 487,907 20,010 173,507 172,042 1,201,597 17,737 168,715 167,251 829,659

From 25001-50,000 15,662 61,046 60,397 466,588 12,697 52,320 51,872 362,130 27,252 109,348 108,180 841,284 22,016 92,373 91,582 633,169

From 50,001- 75,000 5,802 19,079 18,892 217,747 4,488 17,040 16,880 198,386 9,923 34,844 34,499 400,487 7,777 30,613 30,332 353,208

From 75,000-100,000 7,917 12,074 11,862 168,538 6,090 10,039 9,927 145,045 13,180 20,963 20,624 298,473 10,227 17,306 17,079 250,192

From 1,00,001 -1,25,000 1,789 3,200 3,136 73,483 1,408 2,753 2,688 61,924 2,970 5,715 5,604 131,415 2,391 4,909 4,802 109,944

Above Rs. 1,25,000 9,747 5,795 5,614 267,551 7,959 4,878 4,752 225,437 15,234 9,825 9,517 447,033 12,774 8,219 7,994 386,624

ii Individual- Annuity

From 0-10000 10 162 157 21 13 190 187 19 21 282 277 28 25 326 323 27

From 10,000-25,000 48 446 440 94 59 561 555 91 95 860 854 167 109 1,070 1,062 159

From 25001-50,000 54 109 108 39 44 156 154 42 104 219 218 92 82 321 318 92

From 50,001- 75,000 26 34 33 23 10 42 41 32 49 69 68 54 19 82 81 66

From 75,000-100,000 61 26 26 14 30 41 41 14 106 46 46 27 49 75 75 27

From 1,00,001 -1,25,000 24 4 4 15 1 4 4 15 44 9 9 30 4 9 9 30

Above Rs. 1,25,000 175 15 15 - 23 22 22 - 278 29 29 - 41 40 40 -

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 1 358 12 1 1,819 4 1 3,064 42 3 7,084 13

2 Corporate Agents-Banks - 22,680 3,159 - 10,742 1,290 - 38,101 5,228 - 21,790 2,236

3 Corporate Agents -Others - 867 - - 1,674 0 - 3,469 - - 2,420 0

4 Brokers 23 37,224 330 28 378,256 944 34 134,109 802 67 573,565 1,507

5 Micro Agents - - - - - - - - - -

6 Direct Business 12 73,577 360 11 139,932 653 23 124,458 856 23 294,680 985

Total(A) 36 134,706 3,861 40 532,423 2,890 58 303,201 6,927 93 899,539 4,741

1 Referral (B) - - - (0.1) - - (0.3)

Grand Total (A+B) 36 134,706 3,861 40 532,423 2,890 58 303,201 6,926 93 899,539 4,741

Sl.No.

Upto the quarter ended September 2017

Premium

No. of Lives

Covered

No. of Policies/

No. of Schemes


Channels

No. of Lives

Covered PremiumPremium

No. of Lives

Covered Premium

No. of Policies/

No. of Schemes

No. of Policies/

No. of Schemes

For the quarter ended September 2017

No. of Policies/

No. of Schemes


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 1,875 1,420 3,117 1,603 3,605 2,918 5,735 3,024

2 Corporate Agents-Banks 37,684 18,199 35,442 13,502 64,570 29,851 60,257 22,687

3 Corporate Agents -Others 3 2 (1) (1) 3 7 (2) (2)

4 Brokers 390 153 263 84 713 264 - 89

5 Micro Agents - - - - - - - -

6 Direct Business 13,004 8,906 13,483 7,026 24,068 15,608 25,778 13,437

Total (A) 52,956 28,679 52,304 22,215 92,959 48,649 92,105 39,235

1 Referral (B) (2) (5) (2) (2) (7) (11)

Grand Total (A+B) 52,956 28,677 52,299 22,212 92,957 48,642 92,094 39,235


PremiumNo. of Policies

Upto the quarter ended Sep 17

PremiumNo. of Policies


Channels


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

FORM L-39 : Data on Settlement of Claims

Name of the Insurer: PNB MetLife India Insurance Company Limited Date : September 30, 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 - 504 12 - - - 516 679

2 Survival Benefit - 1,132 12 - - - 1,144 453

3 for Annuities / Pension - 270 - - - - 270 281

4 For Surrender - 18,570 10 1 - - 18,581 33,887

5 Other benefits-Health - 5 9 3 - - 17 128

1 Death Claims-Group - 311 1 - - - 312 2,924

Death Claims-Individual - 939 7 - - - 946 4,232

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 409 177 85 6 2,904 28

2 Claims reported during the period 1,289 463 1,500 268 17,145 47

3 Claims Settled during the period 1,258 516 1,144 270 18,581 17

4 Claims Repudiated during the period 152 - - - - 10

a Less than 2 years from the date of acceptance of risk 149 - - - - 10

b Greater than 2 years from the date of acceptance of risk 3 - - - - -

5 Claims Rejected 2 - - - - 27

6 Claims Written Back - - - - - -

7 Claims O/S at End of the period 286 124 441 4 1,468 21

Less than 3 months 233 124 441 4 1,468 17

3 months to 6 months 44 - - - - 3

6 months to 1 year 8 - - - - 1

1year and above 1 - - - - -

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 1 16 3 - 14 - 35

b) Policy servicing 11 131 97 - 35 10 226

c) Proposal processing 5 64 50 - 15 4 118

d) Survival Claims 8 47 38 - 9 8 104

e) ULIP related - 8 8 - - 16

f) Unfair business practices 72 797 377 - 433 59 1,626

g) Others - 53 44 - 9 - 76

Total Number of complaints 97 1,116 617 - 515 81 2,201

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 92,957

5 Total number of claims during current year 2,627

6

Total no. of Policy complaints (current year) per

10,000 policies (current year) 237

7

Total no. of Claim complaints (current year) per

10,000 claims registered (current year) 133

2 Duration wise Pending Status Complaints

made by

customers

Complaints made

by intermediaries Total

a) Upto 7 days 2 - 2

b) 8-15 days 69 - 69

c) 16-30 days 9 - 9

d) 31-90 days 1 - 1

e) 91 days and beyond - - -

Total Number of complaints 81 - 81

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 September 30,2017

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





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