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BAJAJ ALLIANZ
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BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED rdIRDA Registration No. 116 dated 3 August, 2001
BOARD OF DIRECTORS :
AUDITORS :
MAIN BANKERS :
REGISTERED OFFICE :Bajaj Allianz Life Insurance Company Limited
Mr. Rahul Bajaj (Chairman)Dr. Werner ZedeliusMr. Sanjay AsherMr. Niraj BajajMr. Sanjiv BajajMr. Heinz DollbergMr. Ranjit GuptaMr. S. H. KhanMr. Suraj MehtaMr. Dietmar RaichMr. Manu TandonMr. Kamesh Goyal (Alternate Director to Dr. Werner Zedelius)
B S R & Co.Chartered Accountants
DALAL & SHAHChartered Accountants
Standard Chartered BankSyndicate BankAXIS BankDeutsche BankHDFC Bank
Ground Floor, G.E. Plaza, Airport Road,Yerawada, Pune- 411006.Tel : 020-6602 6777Fax : 020-6602 6789email : [email protected] us at : www.bajajallianzlife.co.in
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED Annual Report 2008-2009
INDEX
Directors' Report 2
Management Report 4
Auditors' Report 7
Revenue Account : Policyholders' Account (Technical Account) 10
Profit & Loss Account : Shareholders' Account (Non Technical Account) 15
Balance Sheet 16
Schedule 1-15 18
Annexure to Revenue Account 34
Notes to Financial Statements 40
Cash Flow Statement 114
Balance Sheet abstract & Company's general business profile 115
DIRECTORS' REPORT
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED rdIRDA Registration No. 116 dated 3 August, 2001
1. Market scenario in the life insurance industry :
2. Summary of operations for the year:
Life insurance business had grown rapidly in the last few years till March 2008 on the back of high GDP growth, rising stock market, higher income levels and a massive expansion of distribution network by the insurance companies. However, due to slow down in domestic growth and global recession, Insurance industry too lost its momentum during 2008-09, accompanied by huge expense overrun viz. higher actual expenses compared with provisions built in the products. In the Financial Year 2008-09, the life insurance industry had a negative growth of 6.3% vis-à-vis growth of 23.32% in the previous year, garnering new business (NB) premium of Rs 871 billion compared to NB premium of Rs 930 billion in FY 2007-08. The growth rate of private sector companies collapsed from 74% in 2007-08 to 1% in 2008-09 while LIC has to contend with a negative growth of 10.5%. Accordingly, market share of private players increased from 36.36% in 2007-08 to 39.21% in 2008-09.
Business Performance
The Company was at the third position among the private life insurers on NB premium basis for the financial year 2008-09 compared to the second position in the previous year. It wrote NB of Rs. 44.9 Bn compared to Rs. 66.7 Bn in the previous year registering a negative growth rate of 32.7%. Market share of the Company dropped to 5.2% compared to 7.0% in the previous year. The Company is at second position among the private life insurers on the basis of number of new policies issued; with 2.59 million policies issued in the year 2008-09 compared to 3.74 million policies issued in the previous year. The gross premium written for the financial year 2008-09 was Rs. 106.2 Bn, compared to Rs. 97.2 Bn in the previous year,
registering a growth of 9.2%. The growth in the gross written premium was due to the increase in renewal collections from Rs. 30.5 Bn in the previous year to Rs. 61.3 Bn in the current year, an increase of 101%. The annualized new business premium (considering single premium @ 10% and first year premium @ 100%) registered a negative growth of 32% from Rs 59.9 Bn in the previous year to Rs 40.6 Bn in the current year. The Company's market share on an annualized new business premium basis reduced from 10.3% to 7.7% in the year 2008-09. The Company earned a profit of Rs. 448 million during 2008-09, as compared to a loss of Rs. 159 million in the previous year. In the current financial year, the Company is focusing on improving employee productivity, policy persistency, operational processes and service levels.
Investments
stThe Assets under Management as on 31 March 2009 were Rs 171.56 billion which included shareholder funds Rs 7.7 Bn; traditional policyholder funds Rs 23.21 Bn and Unit linked funds of Rs 140.65 Bn. The unit-linked funds increased by 28.40 % from Rs 109.54 Bn in the previous year.
The traditional portfolios were managed keeping in mind the regulatory asset allocation requirements and delivered superior returns at very low risk. The performance of the ULIP
stfunds, for the year ended 31 March, 2009, were excellent. The funds outperformed both the benchmark as well as the peer group in all categories. The cash fund outperformed by almost 200 basis points over the CRISIL Composite Liquid Index and the bond fund outperformed the CRISIL Composite Bond Index by almost 700 basis points. The large cap funds and mid cap equity funds also outperformed the benchmark handsomely. The Pure Stock Fund, outperformed the Nifty Index by almost 20%.
Products
The Company launched a basket of 15 new products during the year, with a view to providing additional products to the customers.
The Company now has 38 individual products and 14 group products catering to all strata of the society.
Corporate Communications
ndThe Company was ranked 32 in the Economic Times most thtrusted service brand survey and was ranked 30 in the Pitch
Magazine India's top 50 service brand. The Company sponsored Rajasthan Royal's Team in the Indian Premier League which went on to win the tournament and emerged as a successful campaign for the Company. The Company also sponsored Miss Confident section of Femina Miss India Pageant. The Company implemented various TV and Radio
The Directors have pleasure in presenting their Eighth Annual Report & Audited Statements of Accounts for the year 2008- 09
2
Rahul BajajChairman
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED Directors' Report for the Financial Year ended 31st March 2009
campaigns with focus on general entertainment, news and niche channels.
Capital base of the Company was maintained at Rs.12.10 Bn. with no fresh infusion in FY 2008-09. The Company placed special emphasis on capital efficiency and had the highest ratio of gross written premium to capital invested by shareholders among the private sector.
The Certificate of Registration from the IRDA to carry on life insurance business was renewed for the year 2009-10.
Since the Company did not carry out any manufacturing activity, the Companies (Disclosure of Particulars in the report of the Board of Directors) Rules, 1988 are not applicable.
Earnings in foreign currency NIL
Expenditure in foreign currency Rs. 129 million
As required by the provisions of sub-section 2A of Section 217 of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules, 1975 as amended, the names and other particulars of the employees are set out in the annexure to the Directors' Report. The report and Accounts are being sent to the shareholders of the Company excluding the said information. Any shareholder interested in obtaining such particulars may write to the Company Secretary at the Registered Office of the Company.
Mr. Sanjay Asher and Mr. Suraj Mehta retire by rotation and being eligible offer themselves for re-appointment as Directors.
In accordance with the requirements of sub-section 2AA of Section 217 of the Companies Act, 1956, the Board of Directors wish to confirm the following:
(i) that in preparation of the annual accounts, the applicable accounting standards have been followed along with proper explanation relating to material departures;
(ii) that such accounting policies have been selected and applied consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the
stCompany as on 31 March 2009 and of the profit of the Company for that year;
3.1 Capital:
3.2 IRDA Registration:
4. Particulars regarding conservation of energy and technology absorption:
5. Foreign exchange earnings and expenditure:
6. Particulars of employees:
7. Directors:
8. Directors' responsibility statement:
(iii) that proper and sufficient care has been taken for the maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;
(iv) that the annual accounts have been prepared on a going concern basis.
The Audit Committee of Board of Directors constituted in accordance with the provisions of Section 292A of the
thCompanies Act, 1956 held their meetings on 12 May 2008 thand 4 December 2008 and reviewed the operations and
accounts of the Company.
The Company appointed M/s. B S R & Co., Chartered Accountants and M/s. Dalal and Shah, Chartered Accountants, as joint statutory auditors of the Company in the last Annual General meeting. They hold office up to the conclusion of the Eighth Annual General meeting of the Company.
The shareholders are requested to appoint the auditors for the period from the conclusion of the ensuing annual general meeting till the conclusion of the next annual general meeting and to fix their remuneration.
The Board is grateful to the IRDA and other regulatory authorities for their continued support. The Board is also grateful to its Policyholders, Bankers, Intermediaries and Channel Partners for their continued support.
The Directors take this opportunity to thank the concerned employees of Bajaj Finserv Limited and Allianz SE for their invaluable contribution in guiding the working of the Company.
The Directors also take this opportunity to thank the management & employees for their hard work, dedication and commitment.
9. Audit Committee:
10. Auditors:
11. Appreciation:
On behalf of Board of Directors ofBajaj Allianz Life Insurance Company Ltd.
Rahul BajajChairman
Puneth11 May 2009
Annual Report 2008-2009
3
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED
MANAGEMENT REPORT
With respect to the operations of Bajaj Allianz Life Insurance stCompany Limited ('the Company') for the financial year 1
stApril 2008 to 31 March 2009 and results thereof, the Management of the Company confirms and declares that:
1. The registration certificate granted by Insurance Regulatory and Development Authority (IRDA) is valid and the same has been renewed for the year 2009 - 2010.
2. We certify all relevant statutory dues payable by the Company have been generally deposited on time.
3. During the current year the Company has transferred 111,358,900 shares from Bajaj Auto Limited to Bajaj Finserv Limited vide order of the High Court of Judicature
that Mumbai dated 18 December 2007 granting approval for the scheme of arrangement. The transfer has also been approved by the Insurance Regulatory and
rdDevelopment Authority (IRDA) and was made on 23 May 2008.
4. The management has not directly or indirectly invested outside India, the funds of the holders of policies issued in India.
5. The required solvency margins have been maintained as required by the IRDA.
6. We certify that the values of all the assets have been reviewed on the date of Balance Sheet and in the management's belief, the assets set forth under each of the headings in the Balance Sheet are shown in the aggregate at amounts not exceeding their realizable or market value under their related headings - “Loans”, “Investments”, “Outstanding Premiums”, “Income accrued on investments”, “Amounts due from other entities carrying on insurance business (including amounts due from reinsurers)”, “Cash” and the several items specified under “Advances” and “Other Accounts”.
Market value of investment in debt securities (other than unit linked funds) on the date of Balance Sheet, which are valued at amortised cost as per IRDA regulations, is higher than their carrying amount.
7. We certify that, no part of the life insurance fund has been directly or indirectly applied in contravention of the Insurance Act, 1938 (4 of 1938) relating to the application and investment of the life insurance fund.
8. The Company recognizes the risks associated with the life insurance business and manages the risks by adopting prudent policies to counter the key risks of the Company – namely underwriting and investment risks.
The Company has established robust underwriting procedures to mitigate underwriting risks. Additionally the Company has entered into reinsurance arrangements wherein it reinsures risk in excess of its retention limits to mitigate its risk exposure.
The investment risk is managed by laying down appropriate guidelines in the Investment Policy. The Investment Policy is formulated by the Investment Committee and approved by the Board of Directors. The investment policy is reviewed at least once a year for alignment with the Company's latest business plan and other developments during the year.
9. The Company does not have operations in any other country.
10. Claim settlement time for the claims lodged has been around 7 days from the date of receipt of complete requirements. Ageing of claims registered and not settled, pending for receipt of complete requirement is given below.
For Linked Business
(Rs. In lakh)Current Year Previous Year
Period No. of Amount No. of AmountClaims involved Claims involved
Less than 30 days 645 221.15 206 122.9630 days to 6 months 531 203.26 343 132.676 months to 1 year 269 180.97 104 88.421year to 5 years 261 220.13 161 205.215 years & above 6 7.92 1 4.32
For Traditional Business
11. We certify that the values, as shown in the Balance Sheet, of the investments (other than unit linked investments), which consists of fixed income securities, equity shares and mutual fund units that have been valued as per accounting policies prescribed by IRDA. Market values have been ascertained for equities on the basis of lower of
rdIRDA Registration No. 116 dated 3 August, 2001
4
(Rs. In lakh)Current Year Previous Year
Period No. of Amount No. of AmountClaims involved Claims involved
Less than 30 days 330 663.40 442 893.9230 days to 6 months 223 649.88 296 555.966 months to 1 year 117 214.86 70 102.101 year to 5 years 116 175.41 47 81.015 years & above Nil Nil Nil Nil
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED Management Report For The Year Ended 31st March 2009
the closing prices as on the balance sheet date on The National Stock Exchange of India Ltd. (NSE) and The Bombay Stock Exchange Ltd, Mumbai (BSE). For fixed income securities, valuation is based on procedure issued by Fixed Income and Money Market and Derivative Dealers Association of India (FIMMDA). The investments in the Mutual Funds are valued at the Net Asset Values (NAV) of these Mutual funds as on the Balance Sheet date.
We certify that the unit linked investments have been valued on the basis as stated below:
Equities have been valued at market values which have been ascertained on the basis of the last quoted closing price on the NSE. In case the equity shares are not listed on the NSE, then they are valued on the last quoted closing price on BSE. Government securities are valued at prices obtained from Credit Rating Information Services of India Ltd. (CRISIL). Corporate bonds and debentures are valued on the basis of CRISIL Bond Valuer. Treasury bills, certificate of deposits and commercial papers are valued at cost plus accretion at yield to maturity. Mutual fund units have been valued at the last available Net Asset Value declared by the respective mutual fund.
12. The Company has invested (other than unit linked funds) mainly in approved Government securities and AAA, AA+ or AA rated bonds. The primary aim while investing is to generate adequate return while minimizing risk. The emphasis is also on the liquidity of investments to ensure that the Company meets all outgoings related to claims and other operations. While most of the investments are in fixed income securities in the form of Government of India securities or Corporate Bonds with strong credit rating, a small portion is also invested in Equity shares. Based on the past track record, the Management is confident of the quality and performance of the investments.
13. The Management of Bajaj Allianz Life Insurance Company Limited certifies that:
a) The financial statements of Bajaj Allianz Life Insurance Company Limited have been prepared in accordance with the applicable accounting standards and principles and policies with no departures;
b) The Management has adopted accounting policies and applied them consistently and made judgements and estimates that are reasonable and prudent so as to give a true and fair view of the state of the affairs of the Company at the end of the financial year and of the operating profit as per Policyholders' Account (Technical Account) and of the Loss as per Shareholders' Account (Non Technical Account) of the Company for the year;
c) The Management has taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the applicable provisions of the Insurance Act, 1938 (4 of 1938) and Companies Act, 1956 (1 of 1956), for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;
d) The financial statements have been prepared on a going concern basis;
e) The Company has an internal audit system commensurate with the size of the Company and nature of the business.
14. The following are the payments made to individuals, firms, companies and organizations in which the directors of the insurer are interested:
Sl.No. is interested during the financial year
(Rs. In lakh)
1 Mr. Rahul Bajaj, Mr. Sanjiv Bajaj and DirectorMr. S. H. Khan Director
2 Mr. Rahul Bajaj, Bajaj Auto Ltd. Director 6.82Mr. Niraj Bajaj, (Now known as DirectorMr. Sanjiv Bajaj and Bajaj Holdings DirectorMr. S. H. Khan and Investment Ltd.) Director
3 Mr. Rahul Bajaj and Bajaj Auto Finance Ltd. Director 6.00Mr. Sanjiv Bajaj Director
4 Mr. Rahul Bajaj, Bajaj Allianz General Director 165.79Dr Werner Zedelius, Insurance Company Ltd. DirectorMr. Niraj Bajaj, DirectorMr. Sanjiv Bajaj, DirectorMr. Heinz Dollberg, Director
Name of the Director Entity in which Director Interested as Amount of Payment
Bajaj Finserv Ltd. Director 52.45
Annual Report 2008-2009
5
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED
Mr. Ranjit Gupta, Mr. Sanjay Asher, DirectorMr. Suraj Mehta, DirectorMr. S. H. Khan, DirectorMr. Manu Tandon and DirectorMr. Kamesh Goyal Alternate Director
5 Mr. Rahul Bajaj, Hind Musafir Agency Limited Shareholding exceeds 2% 0.77Mr. Niraj Bajaj and Shareholding exceeds 2%Mr. Sanjiv Bajaj Relative is Director
6 Dr. Werner Zedelius Allianz Insurance Management Director 0.60Asia Pacific Pte Limited
7 Mr. Heinz Dollberg Bajaj Allianz Financial Director 1,849.68Mr. Ranjit Gupta Distributors Ltd. DirectorMr. Kamesh Goyal Director
Director
For Bajaj Allianz Life Insurance Company Limited
Rahul Bajaj Kamesh Goyal Niraj BajajChairman Alternate Director & Director
Sanjiv Bajaj S.H. Khan Ranjit GuptaDirector Director Director
Sanjay Asher Suraj Mehta Manu TandonDirector Director Director
Rajesh Viswanathan Anil Singh Sameer BakshiChief Financial Officer Appointed Actuary Company Secretary &
Head – Legal & Compliance
Place : PunethDate : 11 May 2009
Chief Executive Officer
Sl.No. is interested during the financial year
(Rs. In lakh)
Name of the Director Entity in which Director Interested as Amount of Payment
rdIRDA Registration No. 116 dated 3 August, 2001
6
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED Auditors' Report
AUDITORS' REPORT
To the Members of Bajaj Allianz Life Insurance Company Limited
1. We have audited the attached Balance Sheet of Bajaj Allianz Life Insurance Company Limited ('the Company') as at March 31, 2009, the related Policyholders' Revenue Account, the Shareholders' Profit and Loss Account and the Receipts and Payments Account for the year ended on that date annexed thereto, which we have signed under reference to this report. These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on these financial statements based on our audit.
2. We conducted our audit in accordance with auditing standards generally accepted in India. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.
3. The Balance Sheet, the Policyholders' Revenue Account, the Shareholders' Profit and Loss Account and the Receipts and Payments Account have been drawn up in accordance with the Insurance Act, 1938 (Act 4 of 1938), Insurance Regulatory and Development Act, 1999, Insurance Regulatory and Development Authority (Preparation of Financial Statements and Auditor's Report of Insurance Companies) Regulations 2002 ('the Regulations') read with Section 211 of the Companies Act, 1956.
4. As required by the Regulations, we set out in the Annexure, a statement certifying the matters specified in paragraph 4 of Schedule C to the Regulations.
5. Further to our comments in the Annexure referred to above, we report that:
(a) We have obtained all the information and explanations, which to the best of our knowledge and belief were necessary for the purposes of the audit and have found them to be satisfactory;
(b) In our opinion and to the best of our information and according to the explanations given to us, proper books of account as required by law have been maintained by the Company, so far as appears from
our examination of those books;
(c) As the Company's financial accounting system is centralized at head office, no returns for the purposes of our audit are prepared at the branches and other offices of the Company;
(d) The Balance Sheet, the Policyholders' Revenue Account, the Shareholders' Profit and Loss Account and the Receipts and Payments Account referred to in this report are in agreement with the books of account;
(e) The actuarial valuation of liabilities for life policies in force is the responsibility of the Company's Appointed Actuary ('the Appointed Actuary'). The actuarial valuation of these liabilities as at March 31, 2009 has been duly certified by the Appointed Actuary. The appointed Actuary has also certified in his opinion, the assumptions for such valuation are in accordance with the guidelines and norms, if any, issued by the Insurance Regulatory Development Authority ('IRDA') ('Authority) and the Actuarial Society of India in concurrence with the Authority. We have relied upon Appointed Actuary's certificate in this regard for forming our opinion on the financial statements of the Company;
(f) On the basis of written representations received from the Directors of the Company, as on March 31, 2009 and taken on record by the Board of Directors, none of the Directors are is disqualified as on March 31, 2009 from being appointed as a Director in terms of clause (g) of sub-section (1) of Section 274 of the Companies Act, 1956.
6 In our opinion and to the best of our information and according to the explanations given to us, we further report that:
(a) The Investments have been valued in accordance with the provisions of the Insurance Act, 1938, the Regulations and / or orders / directions issued by IRDA in this behalf;
(b) The accounting policies selected by the Company are appropriate and are in compliance with the applicable Accounting Standards referred to in sub-section (3C) of section 211 of the Companies Act, 1956 and the Rules framed there under and with the accounting principles as prescribed in the Insurance Regulatory and Development Authority (Preparation of Financial Statements and Auditor's Report of Insurance Companies) Regulations, 2002, ('the Regulations')
Annual Report 2008-2009
7
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED
and orders / directions issued by IRDA in this behalf;
(c) The Balance sheet, the Policyholders' Revenue Account, the Shareholders' Profit and Loss Account and the Receipts and Payments Account dealt with by this report comply with the Accounting Standards referred to in sub-section (3C) of section 211 of the Companies Act, 1956 and the Rules framed there under to the extent they are not inconsistent with the accounting principles prescribed in the Regulations and orders / directions issued by IRDA in this behalf;
7. The Balance Sheet, the Policyholders' Revenue Account, the Shareholders' Profit and Loss Account and the Receipts and Payments Account together with the notes thereon and attached thereto are prepared in accordance with the requirements of the Regulations, the Insurance Act, 1938, the Insurance Regulatory and Development Authority Act, 1999 and the Companies Act, 1956, to the extent applicable and in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India as applicable to insurance companies:
(i) in the case of the Balance Sheet, of the state of affairs of the Company as at March, 31 2009;
(ii) in the case of Policyholders' Revenue Account, of the net surplus for the year ended on that date;
(iii) in the case of Shareholders' Profit and Loss account, of the loss for the year ended on that date; and
(iv) in the case of the Receipts and Payments Account, of the receipts and payments for the year ended on that date.
8 Further, on the basis of our examination of books and records of the Company and according to the information and explanations given to us, we certify to the best of our knowledge and belief that:
(a) We have reviewed the Management Report attached to the financial statements for the year ended 31 March 2009, and have found no apparent mistake or material inconsistencies with the financial statements; and
(b) Based on information and explanations received during normal course of the audit, management's representations made to us and the compliance certificate submitted to the Board by the officers of the Company charged with Compliance and the same being noted by the Board, nothing has come to our attention which causes us to believe that the Company has not complied with the terms and conditions of registration as per subsection 4 of section 3 of the Insurance Act, 1938.
Dalal & Shah B S R & Co.Chartered Accountants Chartered Accountants
Anish AminPartner PartnerMembership No. 40451 Membership No. 47483
Place : Pune Place : Puneth thDate : 11 May 2009 Date : 11 May 2009
Juzer Miyajiwala
rdIRDA Registration No. 116 dated 3 August, 2001
8
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED Annexure to the Auditors Report
(Referred to in the Auditors' Report to the members of Bajaj Allianz Life Insurance Company Limited 'the Company') on the accounts for the year ended 31 March 2009)
To the Members of Bajaj Allianz Life Insurance Company Limited
In accordance with the information and explanations given to us and to the best of our knowledge and belief and based on our examination of the books of account and other records maintained by Bajaj Allianz Life Insurance Company Limited ('the Company') for the year ended March 31, 2009, we certify that:
1. We have verified the cash balances, to the extent considered necessary, and securities relating to the Company's loans and investments as at March 31 2009, by actual inspection or on the basis of certificates / confirmations received from the Custodian appointed by the Company, as the case may be. As at March 31, 2009, none of the Company's assets involve reversion or life interests;
2. The Company is not a trustee of any trust; and
3. No part of the assets of the Policyholders' Funds has been directly or indirectly applied in contravention to the provisions of the Insurance Act, 1938, relating to the application and investments of the Policyholders' Funds.
This certificate is issued to comply with Schedule C of the Insurance Regulatory and Development Authority (Preparation of Financial Statements and Auditor's Report of Insurance Companies) Regulations 2002, ('the Accounting Regulations') read with Regulation 3 of the Accounting Regulations and may not be suitable for any other purpose.
Auditors' Certificate
Annexure to the Auditors Report
Dalal & Shah B S R & Co.Chartered Accountants Chartered Accountants
Anish AminPartner PartnerMembership No. 40451 Membership No. 47483
Place : Pune Place : Puneth thDate : 11 May 2009 Date : 11 May 2009
Juzer Miyajiwala
Annual Report 2008-2009
9
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED
Revenue Account for the year ended 31st March 2009Policyholders' Account (Technical Account)
rdIRDA Registration No. 116 dated 3 August, 2001
10
PREMIUMS EARNED - Net
INCOME FROM INVESTMENTS
OTHER INCOME
COMMISSIONOPERATING EXPENSES RELATED TO INSURANCE BUSINESS
BENEFIT PAID (Net)
SURPLUS/ (DEFICIT ) (D) = (A) - (B) - (C)
APPROPRIATIONS
DETAILS OF TOTAL SURPLUS
(a) Premium 1 106,245,213 4,263,688 65,407 78,313 272,059 35,389 1,666,325 94,917,173 3,534,249 132,804 1,279,806 (b) Reinsurance ceded (Refer Schedule 16 Note 16) (234,503) (53,483) (845) (13,484) (25,322) - (18,792) (122,465) (112) - - (c) Reinsurance accepted - - - - - - - - - - -
SUB-TOTAL 106,010,710 4,210,205 64,562 64,829 246,737 35,389 1,647,533 94,794,708 3,534,137 132,804 1,279,806
(a) Interest, Dividend & Rent - Gross 4,128,837 845,525 25,677 20,612 9,723 8,191 39,940 2,913,604 122,076 19,596 123,893 (b) Profit on sale / redemption of investments 4,592,135 116,436 - - 278 - 460 4,157,469 221,804 13,066 82,622 (c) (Loss on sale / redemption of investments) (21,740,082) (66,671) - - - - - (20,386,152) (1,062,260) (30,753) (194,246)(d) Transfer/Gain on revaluation/ change in fair value (19,189,517) - - - - - - (18,420,903) (820,989) 7,158 45,217 (e) Other investment income 1,059,927 - - - - - - 991,625 43,591 3,378 21,333
(31,148,700) 895,290 25,677 20,612 10,001 8,191 40,400 (30,744,357) (1,495,778) 12,445 78,819 131,087 43,291 470 198 225 599 52 83,418 2,729 60 45
Contribution from the Shareholders' account 1,639,081 - - - - - - 1,290,084 348,191 - 806 (Refer Schedule 16 Note 15)
SUB-TOTAL (29,378,532) 938,581 26,147 20,810 10,226 8,790 40,452 (29,370,855) (1,144,858) 12,505 79,670
TOTAL (A) 76,632,178 5,148,786 90,709 85,639 256,963 44,179 1,687,985 65,423,853 2,389,279 145,309 1,359,476 2 10,515,493 538,635 1,272 17,311 42,263 177 195,906 9,495,789 224,140 - - 3 18,757,915 628,190 6,033 18,414 47,937 630 102,835 17,272,691 657,100 2,311 21,774
Provision for doubtful debts - - - - - - - - - - -Bad Debts written off - - - - - - - - - - -Provision for Fringe Benefit Tax 86,455 3,050 30 85 89 3 514 79,386 3,183 11 104 Provision for Income Tax 71,283 16,354 - - 13,485 - - 41,444 - - - Provisions (other than taxation)(a) For diminution in the value of investments (net) - - - - - - - - - - -(b) Others - - - - - - - - - - -
TOTAL (B) 29,431,146 1,186,229 7,335 35,810 103,774 810 299,255 26,889,310 884,423 2,322 21,878 4 7,565,134 518,834 16,261 19,111 16,563 5,438 471,157 5,550,567 161,829 81,440 723,934
Interim Bonuses Paid 474 474 - - - - - - - - - Change in valuation of liability in respect of life policiesin force (Refer Schedule 16 Note 1 (e) and Note 8 )(a) Gross 7,369,161 3,362,143 66,526 21,927 72,519 39,032 907,577 2,773,075 119,120 1,695 5,547 (b) Fund Reserve (Refer Schedule 16 Note 1(e)) 31,111,301 - - - - - - 29,220,066 1,223,907 59,211 608,117 (c) Amount ceded in Re-insurance - - - - - - - - - - -(d) Amount accepted in Re-insurance - - - - - - - - - - -
TOTAL (C) 46,046,070 3,881,451 82,787 41,038 89,082 44,470 1,378,734 37,543,708 1,504,856 142,346 1,337,598
1,154,962 81,106 587 8,791 64,107 (1,101) 9,996 990,835 - 641 -
Balance of previous year 949,408 877,422 2,392 35,173 30,612 3,809 - - - - -
Reserve for lapsed unit linked policies unlikely to be revived 990,835 - - - - - - 990,835 - - - (Refer Schedule 16 Note 1(e) and Note 8)Transfer to Shareholders' account (41,548) (40,429) (1,119) - - - - - - - -Balance being funds for future appropriations 1,071,987 918,099 1,860 43,964 94,719 2,708 9,996 - - 641 -
Interim Bonuses Paid (a) 474 474 - - - - - - - - -Allocation of Bonus to policyholders (b) 373,927 363,860 10,067 - - - - - - - -Surplus shown in the Revenue Account (c) 1,154,962 81,106 587 8,791 64,107 (1,101) 9,996 990,835 - 641 -
Total Surplus [ (a)+ (b)+ (c) ] 1,529,363 445,440 10,654 8,791 64,107 (1,101) 9,996 990,835 - 641 -
(Amount in Rs. '000)
Particulars Schedule Current Year Participating Non Participating Linked
Individual Individual Individual Individual Individual Group Individual Individual Group Group Assurance Pension Assurance Health Annuity Assurance Assurance Pension Superannuation Gratuity
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED Revenue Account for the year ended 31st March 2009
(Amount in Rs. '000)
Particulars Schedule Current Year Participating Non Participating Linked
Individual Individual Individual Individual Individual Group Individual Individual Group Group Assurance Pension Assurance Health Annuity Assurance Assurance Pension Superannuation Gratuity
PREMIUMS EARNED - Net
INCOME FROM INVESTMENTS
OTHER INCOME
COMMISSIONOPERATING EXPENSES RELATED TO INSURANCE BUSINESS
BENEFIT PAID (Net)
SURPLUS/ (DEFICIT ) (D) = (A) - (B) - (C)
APPROPRIATIONS
DETAILS OF TOTAL SURPLUS
(a) Premium 1 106,245,213 4,263,688 65,407 78,313 272,059 35,389 1,666,325 94,917,173 3,534,249 132,804 1,279,806 (b) Reinsurance ceded (Refer Schedule 16 Note 16) (234,503) (53,483) (845) (13,484) (25,322) - (18,792) (122,465) (112) - - (c) Reinsurance accepted - - - - - - - - - - -
SUB-TOTAL 106,010,710 4,210,205 64,562 64,829 246,737 35,389 1,647,533 94,794,708 3,534,137 132,804 1,279,806
(a) Interest, Dividend & Rent - Gross 4,128,837 845,525 25,677 20,612 9,723 8,191 39,940 2,913,604 122,076 19,596 123,893 (b) Profit on sale / redemption of investments 4,592,135 116,436 - - 278 - 460 4,157,469 221,804 13,066 82,622 (c) (Loss on sale / redemption of investments) (21,740,082) (66,671) - - - - - (20,386,152) (1,062,260) (30,753) (194,246)(d) Transfer/Gain on revaluation/ change in fair value (19,189,517) - - - - - - (18,420,903) (820,989) 7,158 45,217 (e) Other investment income 1,059,927 - - - - - - 991,625 43,591 3,378 21,333
(31,148,700) 895,290 25,677 20,612 10,001 8,191 40,400 (30,744,357) (1,495,778) 12,445 78,819 131,087 43,291 470 198 225 599 52 83,418 2,729 60 45
Contribution from the Shareholders' account 1,639,081 - - - - - - 1,290,084 348,191 - 806 (Refer Schedule 16 Note 15)
SUB-TOTAL (29,378,532) 938,581 26,147 20,810 10,226 8,790 40,452 (29,370,855) (1,144,858) 12,505 79,670
TOTAL (A) 76,632,178 5,148,786 90,709 85,639 256,963 44,179 1,687,985 65,423,853 2,389,279 145,309 1,359,476 2 10,515,493 538,635 1,272 17,311 42,263 177 195,906 9,495,789 224,140 - - 3 18,757,915 628,190 6,033 18,414 47,937 630 102,835 17,272,691 657,100 2,311 21,774
Provision for doubtful debts - - - - - - - - - - -Bad Debts written off - - - - - - - - - - -Provision for Fringe Benefit Tax 86,455 3,050 30 85 89 3 514 79,386 3,183 11 104 Provision for Income Tax 71,283 16,354 - - 13,485 - - 41,444 - - - Provisions (other than taxation)(a) For diminution in the value of investments (net) - - - - - - - - - - -(b) Others - - - - - - - - - - -
TOTAL (B) 29,431,146 1,186,229 7,335 35,810 103,774 810 299,255 26,889,310 884,423 2,322 21,878 4 7,565,134 518,834 16,261 19,111 16,563 5,438 471,157 5,550,567 161,829 81,440 723,934
Interim Bonuses Paid 474 474 - - - - - - - - - Change in valuation of liability in respect of life policiesin force (Refer Schedule 16 Note 1 (e) and Note 8 )(a) Gross 7,369,161 3,362,143 66,526 21,927 72,519 39,032 907,577 2,773,075 119,120 1,695 5,547 (b) Fund Reserve (Refer Schedule 16 Note 1(e)) 31,111,301 - - - - - - 29,220,066 1,223,907 59,211 608,117 (c) Amount ceded in Re-insurance - - - - - - - - - - -(d) Amount accepted in Re-insurance - - - - - - - - - - -
TOTAL (C) 46,046,070 3,881,451 82,787 41,038 89,082 44,470 1,378,734 37,543,708 1,504,856 142,346 1,337,598
1,154,962 81,106 587 8,791 64,107 (1,101) 9,996 990,835 - 641 -
Balance of previous year 949,408 877,422 2,392 35,173 30,612 3,809 - - - - -
Reserve for lapsed unit linked policies unlikely to be revived 990,835 - - - - - - 990,835 - - - (Refer Schedule 16 Note 1(e) and Note 8)Transfer to Shareholders' account (41,548) (40,429) (1,119) - - - - - - - -Balance being funds for future appropriations 1,071,987 918,099 1,860 43,964 94,719 2,708 9,996 - - 641 -
Interim Bonuses Paid (a) 474 474 - - - - - - - - -Allocation of Bonus to policyholders (b) 373,927 363,860 10,067 - - - - - - - -Surplus shown in the Revenue Account (c) 1,154,962 81,106 587 8,791 64,107 (1,101) 9,996 990,835 - 641 -
Total Surplus [ (a)+ (b)+ (c) ] 1,529,363 445,440 10,654 8,791 64,107 (1,101) 9,996 990,835 - 641 -
Annual Report 2008-2009
11
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED
(Amount in Rs. '000)
Particulars Schedule Previous Year Participating Non Participating Linked
Individual Individual Individual Individual Individual Group Individual Individual Group Group Assurance Pension Assurance Health Annuity Assurance Assurance Pension Superannuation Gratuity
Revenue Account for the year ended 31st March 2009Policyholders' Account (Technical Account)
rdIRDA Registration No. 116 dated 3 August, 2001
12
PREMIUMS EARNED - Net
INCOME FROM INVESTMENTS
OTHER INCOME
COMMISSIONOPERATING EXPENSES RELATED TO INSURANCE BUSINESS
BENEFIT PAID (Net)
SURPLUS/ (DEFICIT ) (D) = (A) - (B) - (C)
APPROPRIATIONS
DETAILS OF TOTAL SURPLUS
(a) Premium 1 97,253,110 3,431,785 65,575 36,589 115,838 16,729 491,576 88,217,832 3,262,864 220,891 1,393,431(b) Reinsurance ceded (Refer Schedule 16 Note 16) (132,718) (33,189) (585) (2,505) (17,346) - (16,019) (63,026) (48) - -(c) Reinsurance accepted - - - - - - - - - - -
SUB-TOTAL 97,120,392 3,398,596 64,990 34,084 98,492 16,729 475,557 88,154,806 3,262,816 220,891 1,393,431
(a) Interest, Dividend & Rent - Gross 1,958,552 532,794 19,315 15,283 1,220 4,307 22,978 1,273,737 47,849 6,368 34,701 (b) Profit on sale / redemption of investments 9,000,892 136,390 - 116 - - 583 8,265,445 533,232 9,883 55,243 (c) (Loss on sale / redemption of investments) (1,552,580) (24,332) (44) (52) - (46) (114) (1,441,220) (79,330) (1,137) (6,305)(d) Transfer/Gain on revaluation/ change in fair value (3,008,441) - - - - - - (2,661,741) (309,353) (5,667) (31,680)(e) Other investment income 603,495 - - - - - - 569,556 27,662 953 5,324
7,001,918 644,852 19,271 15,347 1,220 4,261 23,447 6,005,777 220,060 10,400 57,283 117,643 32,258 389 152 112 2 58 81,850 2,623 26 173
Contribution from the Shareholders' account 2,951,827 - - - - - 11,257 2,539,007 365,506 4,391 31,666(Refer Schedule 16 Note 15)
SUB-TOTAL 10,071,388 677,110 19,660 15,499 1,332 4,263 34,762 8,626,634 588,189 14,817 89,122
TOTAL (A) 107,191,780 4,075,706 84,650 49,583 99,824 20,992 510,319 96,781,440 3,851,005 235,708 1,482,5532 14,968,622 297,591 1,280 2,520 25,812 160 13,431 14,464,765 163,063 - -3 20,043,360 660,996 9,559 8,118 21,999 455 13,310 18,684,689 598,873 5,982 39,379
Provision for doubtful debts - - - - - - - - - - -Bad Debts written off - - - - - - - - - - -Provision for Fringe Benefit Tax 93,313 3,082 45 38 58 2 62 87,025 2,789 28 184Provision for Income Tax - - - - - - - - - - -Provisions (other than taxation)(a) For diminution in the value of investments (net) - - - - - - - - - - -(b) Others - - - - - - - - - - -
TOTAL (B) 35,105,295 961,669 10,884 10,676 47,869 617 26,803 33,236,479 764,725 6,010 39,5634 8,514,005 318,654 2,258 19,070 7,245 4,468 390,430 7,259,390 465,314 2,766 44,410
Interim Bonuses Paid 2,728 2,728 - - - - - - - - -Change in valuation of liability in respect of life policiesin force (Refer Schedule 16 Note 1 (e) and Note 8 )(a) Gross 3,916,140 2,462,954 72,401 24,284 25,302 19,114 116,486 1,137,626 53,873 - 4,100(b) Fund Reserve (Refer Schedule 16 Note 1(e)) 57,673,296 - - - - - - 53,486,426 2,565,532 226,920 1,394,418(c) Amount ceded in Re-insurance - - - - - - - - - - -(d) Amount accepted in Re-insurance - - - - - - - - - - -
TOTAL (C) 70,106,169 2,784,336 74,659 43,354 32,547 23,582 506,916 61,883,442 3,084,719 229,686 1,442,928
1,980,316 329,701 (893) (4,447) 19,408 (3,207) (23,400) 1,661,519 1,561 12 62Balance of previous year 670,923 585,104 4,383 39,757 11,204 7,019 23,456 - - - - Transitional Adjustments on revision to Valuation of employees benefit (67,505) (5,705) (70) (137) - (3) (56) (59,899) (1,561) (12) (62)
Reserve for lapsed unit linked policies unlikely to be revived (1,601,620) - - - - - - (1,601,620) - - -(Refer Schedule 16 Note 1(e) and Note 8)Transfer to Shareholders' account (32,706) (31,678) (1,028) - - - - - - - -Balance being funds for future appropriations 949,408 877,422 2,392 35,173 30,612 3,809 - - - - -
Interim Bonuses Paid (a) 2,728 2,728 - - - - - - - - -Allocation of Bonus to policyholders (b) 294,355 285,105 9,250 - - - - - - - -Surplus shown in the Revenue Account (c) 1,980,316 329,701 (893) (4,447) 19,408 (3,207) (23,400) 1,661,519 1,561 12 62
Total Surplus [ (a)+ (b)+ (c) ] 2,277,399 617,534 8,357 (4,447) 19,408 (3,207) (23,400) 1,661,519 1,561 12 62
PREMIUMS EARNED - Net
INCOME FROM INVESTMENTS
OTHER INCOME
COMMISSIONOPERATING EXPENSES RELATED TO INSURANCE BUSINESS
BENEFIT PAID (Net)
SURPLUS/ (DEFICIT ) (D) = (A) - (B) - (C)
APPROPRIATIONS
DETAILS OF TOTAL SURPLUS
(a) Premium 1 97,253,110 3,431,785 65,575 36,589 115,838 16,729 491,576 88,217,832 3,262,864 220,891 1,393,431(b) Reinsurance ceded (Refer Schedule 16 Note 16) (132,718) (33,189) (585) (2,505) (17,346) - (16,019) (63,026) (48) - -(c) Reinsurance accepted - - - - - - - - - - -
SUB-TOTAL 97,120,392 3,398,596 64,990 34,084 98,492 16,729 475,557 88,154,806 3,262,816 220,891 1,393,431
(a) Interest, Dividend & Rent - Gross 1,958,552 532,794 19,315 15,283 1,220 4,307 22,978 1,273,737 47,849 6,368 34,701 (b) Profit on sale / redemption of investments 9,000,892 136,390 - 116 - - 583 8,265,445 533,232 9,883 55,243 (c) (Loss on sale / redemption of investments) (1,552,580) (24,332) (44) (52) - (46) (114) (1,441,220) (79,330) (1,137) (6,305)(d) Transfer/Gain on revaluation/ change in fair value (3,008,441) - - - - - - (2,661,741) (309,353) (5,667) (31,680)(e) Other investment income 603,495 - - - - - - 569,556 27,662 953 5,324
7,001,918 644,852 19,271 15,347 1,220 4,261 23,447 6,005,777 220,060 10,400 57,283 117,643 32,258 389 152 112 2 58 81,850 2,623 26 173
Contribution from the Shareholders' account 2,951,827 - - - - - 11,257 2,539,007 365,506 4,391 31,666(Refer Schedule 16 Note 15)
SUB-TOTAL 10,071,388 677,110 19,660 15,499 1,332 4,263 34,762 8,626,634 588,189 14,817 89,122
TOTAL (A) 107,191,780 4,075,706 84,650 49,583 99,824 20,992 510,319 96,781,440 3,851,005 235,708 1,482,5532 14,968,622 297,591 1,280 2,520 25,812 160 13,431 14,464,765 163,063 - -3 20,043,360 660,996 9,559 8,118 21,999 455 13,310 18,684,689 598,873 5,982 39,379
Provision for doubtful debts - - - - - - - - - - -Bad Debts written off - - - - - - - - - - -Provision for Fringe Benefit Tax 93,313 3,082 45 38 58 2 62 87,025 2,789 28 184Provision for Income Tax - - - - - - - - - - -Provisions (other than taxation)(a) For diminution in the value of investments (net) - - - - - - - - - - -(b) Others - - - - - - - - - - -
TOTAL (B) 35,105,295 961,669 10,884 10,676 47,869 617 26,803 33,236,479 764,725 6,010 39,5634 8,514,005 318,654 2,258 19,070 7,245 4,468 390,430 7,259,390 465,314 2,766 44,410
Interim Bonuses Paid 2,728 2,728 - - - - - - - - -Change in valuation of liability in respect of life policiesin force (Refer Schedule 16 Note 1 (e) and Note 8 )(a) Gross 3,916,140 2,462,954 72,401 24,284 25,302 19,114 116,486 1,137,626 53,873 - 4,100(b) Fund Reserve (Refer Schedule 16 Note 1(e)) 57,673,296 - - - - - - 53,486,426 2,565,532 226,920 1,394,418(c) Amount ceded in Re-insurance - - - - - - - - - - -(d) Amount accepted in Re-insurance - - - - - - - - - - -
TOTAL (C) 70,106,169 2,784,336 74,659 43,354 32,547 23,582 506,916 61,883,442 3,084,719 229,686 1,442,928
1,980,316 329,701 (893) (4,447) 19,408 (3,207) (23,400) 1,661,519 1,561 12 62Balance of previous year 670,923 585,104 4,383 39,757 11,204 7,019 23,456 - - - - Transitional Adjustments on revision to Valuation of employees benefit (67,505) (5,705) (70) (137) - (3) (56) (59,899) (1,561) (12) (62)
Reserve for lapsed unit linked policies unlikely to be revived (1,601,620) - - - - - - (1,601,620) - - -(Refer Schedule 16 Note 1(e) and Note 8)Transfer to Shareholders' account (32,706) (31,678) (1,028) - - - - - - - -Balance being funds for future appropriations 949,408 877,422 2,392 35,173 30,612 3,809 - - - - -
Interim Bonuses Paid (a) 2,728 2,728 - - - - - - - - -Allocation of Bonus to policyholders (b) 294,355 285,105 9,250 - - - - - - - -Surplus shown in the Revenue Account (c) 1,980,316 329,701 (893) (4,447) 19,408 (3,207) (23,400) 1,661,519 1,561 12 62
Total Surplus [ (a)+ (b)+ (c) ] 2,277,399 617,534 8,357 (4,447) 19,408 (3,207) (23,400) 1,661,519 1,561 12 62
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED Revenue Account for the year ended 31st March 2009 Annual Report 2008-2009
13
(Amount in Rs. '000)
Particulars Schedule Previous Year Participating Non Participating Linked
Individual Individual Individual Individual Individual Group Individual Individual Group Group Assurance Pension Assurance Health Annuity Assurance Assurance Pension Superannuation Gratuity
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED
Notes to Financial Statements 16
For Dalal & Shah For B S R & Co For Bajaj Allianz Life Insurance Company Limited
As required by Section 40-B of the Insurance Act, 1938, we certify that all expenses of Management in respect of Life Insurance business transacted in India by the Company have been fully debited to the Policyholders’ Revenue Account as expenses.
The accompanying notes and schedules form an integral part of the financial statements.
As per our report of even date attached
Chartered Accountants Chartered Accountants
Anish Amin Juzer Miyajiwala Rahul Bajaj Kamesh Goyal Niraj Bajaj Partner Partner Chairman Alternate Director and Director Membership No. 40451 Membership No. 47483 Chief Executive Officer
Sanjiv Bajaj S. H. Khan Ranjit Gupta Director Director Director
Sanjay Asher Suraj Mehta Manu Tandon Director Director Director
Rajesh Viswanathan Anil Singh Sameer Bakshi Chief Financial Officer Appointed Actuary Company Secretary &
Head - Legal &Compliance
Place : Pune Place : PunethDate : 11 May 2009 Date : 11 May 2009th
Revenue Account for the year ended 31st March 2009Policyholders' Account (Technical Account)
rdIRDA Registration No. 116 dated 3 August, 2001
14
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED Profit & Loss Account for the year ended 31st March 2009
Form A- PLProfit & Loss account for the year ended 31st March 2009Shareholders' Account (Non Technical Account)
Notes to Financial statements 16
For Dalal & Shah For B S R & Co For Bajaj Allianz Life Insurance Company Limited
The accompanying notes and schedules form an integral part of the financial statements. As per our report of even date attached
Chartered Accountants Chartered Accountants
Anish Amin Juzer Miyajiwala Rahul Bajaj Kamesh Goyal Niraj Bajaj Partner Partner Chairman Alternate Director and Director Membership No. 40451 Membership No. 47483 Chief Executive Officer
Sanjiv Bajaj S. H. Khan Ranjit Gupta Director Director Director
Sanjay Asher Suraj Mehta Manu Tandon Director Director Director
Rajesh Viswanathan Anil Singh Sameer Bakshi Chief Financial Officer Appointed Actuary Company Secretary &
Head - Legal &Compliance
Place : Pune Place : Puneth thDate : 11 May 2009 Date : 11 May 2009
Annual Report 2008-2009
15
(Amount in Rs. '000)
Particulars Current Current Previous PreviousYear Year Year Year
Amounts transferred from the 41,548 32,706Policyholders' Account (Technical Account)
(a) Interest, Dividends & Rent - Gross 846,251 764,027 (b) Profit on sale / redemption of investments 79,971 53,980 (c) (Loss on sale / redemption of investments) (19,473) (22,971)(d) Transfer/Gain on revaluation / change in fair value - -
- -TOTAL(A) 906,749 795,036
Expenses other than those directly related to theinsurance business (Refer Schedule 16 Note 11) 15,943 14,740Provisions (Other than Taxation) - -Contribution to the Policyholders' Fund(Refer Schedule 16 Note 15)
ParticipatingIndividual Assurance - -Individual Pension - -
Non ParticipatingIndividual Assurance - -Individual Health - -Individual Annuity - -Group Assurance - 11,257
LinkedIndividual Assurance 1,290,084 2,539,007Individual Pension 348,191 365,506Group Superannuation - 4,391Group Gratuity 806 1,639,081 31,666 2,951,827
TOTAL(B) 1,655,024 2,966,567 (706,727) (2,138,825)
Provision for Taxation including Wealth Tax 85 80 (706,812) (2,138,905)
Balance at the beginning of the year (4,899,034) (2,760,129) (5,605,846) (4,899,034)
Earning Per Share (Basic & Diluted) (Refer Schedule 16 Note 18) (4.69) (14.22)
INCOME FROM INVESTMENTS
OTHER INCOME
PROFIT / (LOSS) before Tax
PROFIT / (LOSS) after Tax
PROFIT/(LOSS) CARRIED FORWARD TO BALANCE SHEET
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED
Form A- BSBalance Sheet as at 31st March 2009
rdIRDA Registration No. 116 dated 3 August, 2001
16
(Amount in Rs. '000)Particulars Schedule Current Current Previous Previous
Year Year Year Year
SOURCES OF FUNDSSHAREHOLDERS' FUNDS
BORROWINGS
POLICYHOLDERS' FUNDS
FUNDS FOR FUTURE APPROPRIATIONS
Share Capital 5 1,507,090 1,507,090Reserves and Surplus 6 10,599,550 10,599,550Credit/(Debit) Fair Value Change Account - 102
SUB TOTAL 12,106,640 12,106,742
7 - -
Credit/(Debit) Fair Value Change Account 7,014 99,460Policy Liabilities (Refer Schedule 16 Note 8)
ParticipatingIndividual Assurance 11,319,055 7,956,912Individual Pension 350,390 283,864
Non ParticipatingIndividual Assurance 191,904 169,977Individual Health 106,164 33,645Individual Annuity 101,389 62,357Group Assurance 1,222,238 314,661
LinkedIndividual Assurance 4,501,717 1,728,642Individual Pension 194,008 74,888Group Superannuation 1,695 -Group Gratuity 9,647 17,998,207 4,100 10,629,046
Insurance Reserves - -Provision For Linked Liabilities
Linked Liabilities 159,828,323 109,527,505Fair value change (19,175,325) 140,652,998 14,192 109,541,697
SUB TOTAL 158,658,219 120,270,203
ParticipatingIndividual Assurance 918,099 877,422Individual Pension 1,860 2,392
Non ParticipatingIndividual Assurance 43,964 35,173Individual Health 94,719 30,612Individual Annuity 2,708 3,809
Group Assurance 9,996 -Linked
Individual Assurance - -Individual Pension - -Group Superannuation 641 -Group Gratuity - -
1,071,987 949,408
Reserve for Lapsed unit linked policies unlikely to be revived 3,951,268 5,023,255 2,960,433 3,909,841
TOTAL 175,788,114 136,286,786
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED Balance Sheet as at 31st March 2009
Notes to Financial statements 16
For Dalal & Shah For B S R & Co For Bajaj Allianz Life Insurance Company Limited
The accompanying notes and schedules form an integral part of the financial statements. As per our report of even date attached
Chartered Accountants Chartered AccountantsAnish Amin Juzer Miyajiwala Rahul Bajaj Kamesh Goyal Niraj Bajaj Partner Partner Chairman Alternate Director and Director Membership No. 40451 Membership No. 47483 Chief Executive Officer
Sanjiv Bajaj S. H. Khan Ranjit Gupta Director Director Director Sanjay Asher Suraj Mehta Manu Tandon Director Director Director Rajesh Viswanathan Anil Singh Sameer Bakshi Chief Financial Officer Appointed Actuary Company Secretary &
Head - Legal &Compliance
Place : Pune Place : Puneth thDate : 11 May 2009 Date : 11 May 2009
(Amount in Rs. '000)Particulars Schedule Current Current Previous Previous
Year Year Year Year
APPLICATION OF FUNDSINVESTMENTS
ASSETS HELD TO COVER LINKED LIABILITIES
CURRENT ASSETS
LESS: CURRENT LIABILITIES AND PROVISIONS
NET CURRENT ASSETS (C) = (A-B) MISCELLANEOUS EXPENDITURE
DEBIT BALANCE IN PROFIT & LOSS ACCOUNT
Shareholders' 8 7,695,214 11,458,855Policyholders' 8A
ParticipatingIndividual Assurance 12,244,503 8,974,379Individual Pension 354,548 287,815
Non ParticipatingIndividual Assurance 238,972 205,672Individual Health 201,337 64,511Individual Annuity 104,611 66,586Group Assurance 1,240,846 314,840
LinkedIndividual Assurance 8,473,612 4,690,975Individual Pension 337,669 75,066Group Superannuation 2,439 2,244Group Gratuity 18,611 4,880
23,217,148 14,686,968 8B 140,652,998 109,541,697
(Refer Schedule 16 Note 24)LOANS 9 76,970 30,937FIXED ASSETS 10Gross Block 2,402,401 1,644,267Less : Accumulated Depreciation 1,182,816 734,645Net Block 10 1,219,585 909,622Capital work in progress 424,832 181,056
1,644,417 1,090,678
Cash and bank balances 11 3,552,963 3,730,894Advances and other Assets 12 1,828,423 1,367,906
Sub-Total(A) 5,381,386 5,098,800
Current liabilities 13 8,052,356 10,244,719Provisions 14 433,509 275,464
Sub-Total(B) 8,485,865 10,520,183 (3,104,479) (5,421,383)
15 - -(To the extent not written off or adjusted )
5,605,846 4,899,034(Shareholders' account )
Total 175,788,114 136,286,786
Form A- BSBalance Sheet as at 31st March 2009
Annual Report 2008-2009
17
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED rdIRDA Registration No. 116 dated 3 August, 2001
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86,2
531,
545,
927
132,
804
1,24
8,03
5Re
new
al P
rem
ium
61,3
30,9
093,
191,
083
62,7
3520
,671
25,9
53-
137,
137
56,3
30,2
721,
531,
287
-31
,771
Sing
le P
rem
ium
4,79
0,43
762
-11
,348
-35
,389
85,9
554,
200,
648
457,
035
--
Tota
l Pre
miu
m10
6,24
5,21
34,
263,
688
65,4
0778
,313
272,
059
35,3
891,
666,
325
94,9
17,1
733,
534,
249
132,
804
1,27
9,80
6
Prem
ium
Inco
me
from
Busin
ess w
ritte
n:In
Indi
a10
6,24
5,21
34,
263,
688
65,4
0778
,313
272,
059
35,3
891,
666,
325
94,9
17,1
733,
534,
249
132,
804
1,27
9,80
6Ou
tsid
e In
dia
--
--
--
--
--
-To
tal P
rem
ium
106,
245,
213
4,26
3,68
865
,407
78,3
1327
2,05
935
,389
1,66
6,32
594
,917
,173
3,53
4,24
913
2,80
41,
279,
806
(Am
ount
in R
s. '0
00)
Par
ticul
ars
Prev
ious
Yea
rPa
rtic
ipat
ing
Non
Part
icip
atin
gLi
nked
Indi
vidu
alIn
divi
dual
Indi
vidu
alIn
divi
dual
Indi
vidu
alGr
oup
Indi
vidu
alIn
divi
dual
Grou
p Su
per-
Grou
pAs
sura
nce
Pens
ion
Assu
ranc
eHe
alth
Annu
ityAs
sura
nce
Assu
ranc
e Pe
nsio
nan
nuat
ion
Grat
uity
Firs
t Yea
r Pre
miu
m59
,198
,105
483,
699
1,68
411
,557
111,
379
-19
4,42
255
,015
,353
1,78
0,82
222
0,89
11,
378,
298
Rene
wal
Pre
miu
m30
,508
,296
2,94
8,08
663
,891
10,9
244,
459
-21
1,90
926
,551
,653
702,
241
-15
,133
Sing
le P
rem
ium
7,54
6,70
9-
-14
,108
-16
,729
85,2
456,
650,
826
779,
801
--
Tota
l Pre
miu
m97
,253
,110
3,43
1,78
565
,575
36,5
8911
5,83
816
,729
491,
576
88,2
17,8
323,
262,
864
220,
891
1,39
3,43
1
Prem
ium
Inco
me
from
Busin
ess w
ritte
n:In
Indi
a97
,253
,110
3,43
1,78
565
,575
36,5
8911
5,83
816
,729
491,
576
88,2
17,8
323,
262,
864
220,
891
1,39
3,43
1Ou
tsid
e In
dia
--
--
--
--
--
-
Tota
l Pre
miu
m97
,253
,110
3,43
1,78
565
,575
36,5
8911
5,83
816
,729
491,
576
88,2
17,8
323,
262,
864
220,
891
1,39
3,43
1
Sche
dule
- 1
: Pre
miu
m (N
et o
f Ser
vice
Tax)
stSc
hed
ule
s fo
rmin
g p
art
of f
inan
cial
sta
tem
ents
for
the
end
ed 3
1 M
arch
20
09
18
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED Schedules forming part of financial statements for the year ended 31st March 2009
Par
ticul
ars
Curr
ent Y
ear
Part
icip
atin
gNo
n Pa
rtic
ipat
ing
Link
ed
Indi
vidu
alIn
divi
dual
Indi
vidu
alIn
divi
dual
Indi
vidu
alGr
oup
Indi
vidu
alIn
divi
dual
Grou
p Su
per-
Grou
pAs
sura
nce
Pens
ion
Assu
ranc
eHe
alth
Annu
ityAs
sura
nce
Assu
ranc
e Pe
nsio
nan
nuat
ion
Grat
uity
Co
mm
issio
n Pa
idDi
rect
- Firs
t yea
r pre
miu
m8,
298,
587
379,
703
208
16,3
4345
,308
-19
6,04
37,
472,
893
188,
089
--
- Ren
ewal
Pre
miu
m2,
200,
641
162,
812
1,12
61,
020
1,17
3-
-2,
006,
124
28,3
86-
-- S
ingl
e Pr
emiu
m55
,548
702
-73
444
317
7-
45,8
037,
689
--
Add:
Com
miss
ion
on R
eins
uran
ceAc
cept
ed-
--
--
--
--
--
Less
: Com
miss
ion
on R
eins
uran
ceCe
ded
(39,
283)
(4,5
82)
(62)
(786
)(4
,661
)-
(137
)(2
9,03
1)(2
4)-
-(R
efer
Sch
edul
e 16
Not
e 16
)
Net C
omm
issio
n10
,515
,493
538,
635
1,27
217
,311
42,2
6317
719
5,90
69,
495,
789
224,
140
--
Brea
kup
of co
mm
issio
n ex
pens
es (
Gros
s) in
curr
ed to
pro
cure
bus
ines
s is f
urni
shed
bel
ow (*
)Ag
ents
4,67
6,72
8Br
oker
s45
,348
Corp
orat
e Ag
ency
4,76
5,20
0Re
ferr
al1,
067,
500
Tota
l10
,554
,776
Note
: Com
miss
ion
on Fi
rst Y
ear p
rem
ium
incl
udes
refe
rral
fees
am
ount
ing
to R
s. 1,
067,
500
(Pre
viou
s yea
r Rs.
912,
366)
* Inf
orm
atio
n ac
ross
line
of b
usin
ess h
as n
ot b
een
disc
lose
d as
info
rmat
ion
is no
t rea
dily
ava
ilabl
e.
(Am
ount
in R
s. '0
00)
Par
ticul
ars
Prev
ious
Yea
rPa
rtic
ipat
ing
Non
Part
icip
atin
gLi
nked
Indi
vidu
alIn
divi
dual
Indi
vidu
alIn
divi
dual
Indi
vidu
alGr
oup
Indi
vidu
alIn
divi
dual
Grou
p Su
per-
Grou
pAs
sura
nce
Pens
ion
Assu
ranc
eHe
alth
Annu
ityAs
sura
nce
Assu
ranc
e Pe
nsio
nan
nuat
ion
Grat
uity
Co
mm
issio
n Pa
idDi
rect
- Fi
rst y
ear p
rem
ium
13,
719,
996
151
,758
1
75
2,2
34
29,
870
- 1
3,43
1 1
3,37
9,70
1 1
42,8
27
- -
-
Ren
ewal
Pre
miu
m 1
,179
,721
1
46,5
59
1,1
07
531
1
86
- -
1,0
14,4
81
16,
857
- -
-
Sing
le P
rem
ium
88,
925
- -
- -
160
-
85,
386
3,3
79
- -
Add:
Com
miss
ion
on R
eins
uran
ce
Acce
pted
- -
- -
- -
- -
- -
- Le
ss: C
omm
issio
n on
Rei
nsur
ance
Ce
ded
(2
0,02
0) (7
26)
(2)
(245
) (4
,244
) -
- (1
4,80
3) -
- -
(Ref
er S
ched
ule
16 N
ote
16)
Net C
omm
issio
n 1
4,96
8,62
2 2
97,5
91
1,2
80
2,5
20
25,
812
160
1
3,43
1 1
4,46
4,76
5 1
63,0
63
- -
Brea
kup
of co
mm
issio
n ex
pens
es (
Gros
s) in
curr
ed to
pro
cure
bus
ines
s is f
urni
shed
bel
ow (*
)Ag
ents
7,
108,
957
Brok
ers
33,
228
Corp
orat
e Ag
ency
6,9
34,0
91Re
ferr
al 9
12,3
66To
tal
14
,988
,642
Note
: Com
miss
ion
on Fi
rst Y
ear p
rem
ium
incl
udes
refe
rral
fees
am
ount
ing
to R
s. 91
2,36
6 (P
revi
ous y
ear R
s. 62
2,50
2)* I
nfor
mat
ion
acro
ss li
ne o
f bus
ines
s has
not
bee
n di
sclo
sed
as in
form
atio
n is
not r
eadi
ly a
vaila
ble.
Annual Report 2008-2009st
Sch
edu
les
form
ing
par
t o
f fin
anci
al s
tate
men
ts fo
r th
e en
ded
31
Mar
ch 2
00
9
Sche
dule
- 2
: Com
mis
sion
s
19
(Am
ount
in R
s. '0
00)
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED Sc
hedu
le -
3 : O
pera
ting
Expe
nses
Rel
ated
To In
sura
nce
Busi
ness
(R
efer
Sch
edul
e 16
Not
e 10
)(A
mou
nt in
Rs.
'000
) P
artic
ular
s Cu
rren
t Yea
rPa
rtic
ipat
ing
Non
Part
icip
atin
gLi
nked
Indi
vidu
alIn
divi
dual
Indi
vidu
alIn
divi
dual
Indi
vidu
alGr
oup
Indi
vidu
alIn
divi
dual
Grou
p Su
per-
Grou
pAs
sura
nce
Pens
ion
Assu
ranc
eHe
alth
Annu
ityAs
sura
nce
Assu
ranc
e Pe
nsio
nan
nuat
ion
Grat
uity
Empl
oyee
s' re
mun
erat
ion,
wel
fare
be
nefit
s and
oth
er m
anpo
wer
co
sts (
*) 7
,684
,408
2
71,1
07
2,6
61
7,5
42
7,8
87
257
4
5,70
0 7
,056
,125
2
82,8
90
963
9
,276
Tr
avel
, con
veya
nce
and
vehi
cle
runn
ing
expe
nses
260
,635
9
,195
9
0 2
56
268
9
1
,550
2
39,3
24
9,5
95
33
315
Tr
aini
ng e
xpen
ses
350
,199
1
2,35
5 1
21
344
3
59
12
2,0
83
321
,566
1
2,89
2 4
4 4
23
Rent
s, ra
tes a
nd ta
xes
-Se
rvic
e ta
x bo
rne
by U
nit l
inke
d po
licy h
olde
rs'
1,5
17,7
70
- -
- -
- -
1,5
04,2
29
12,
495
143
9
03
-Se
rvic
e Ta
x un
utili
sed
cred
its
prov
ision
/(w
rite
back
) (1
,429
,809
) (5
0,44
4) (4
95)
(1,4
03)
(1,4
68)
(48)
(8,5
03)
(1,3
12,9
07)
(52,
636)
(179
) (1
,726
)-
Serv
ice
Tax
Expe
nses
1,4
88,1
81
71,
770
704
1
,997
2
,088
6
8 1
2,09
8 1
,324
,051
7
2,69
4 2
55
2,4
56
-Re
nts &
Rat
es 4
58,8
97
16,
190
159
4
50
471
1
5 2
,729
4
21,3
78
16,
894
57
554
Re
pairs
107
,098
3
,778
3
7 1
05
110
4
6
37
98,
342
3,9
43
13
129
Pr
intin
g an
d st
atio
nery
240
,168
8
,473
8
3 2
36
247
8
1
,428
2
20,5
32
8,8
41
30
290
Co
mm
unic
atio
n ex
pens
es 2
,148
,093
7
5,78
5 7
44
2,1
08
2,2
05
72
12,
775
1,9
72,4
63
79,
079
269
2
,593
Le
gal a
nd p
rofe
ssio
nal c
harg
es 5
5,82
6 1
,385
1
4 3
9 1
6,61
3 1
2
33
36,
044
1,4
45
5
47
Med
ical
fees
49,
946
1,7
62
17
49
51
2
297
4
5,86
3 1
,839
6
6
0 Au
dito
rs' f
ees,
expe
nses
, etc
.a)
as a
udito
r 4
,500
1
58
2
4
5
- 2
7 4
,132
1
66
1
5
b)as
adv
iser o
r in
any o
ther
ca
paci
ty, in
resp
ect o
fi)
Taxa
tion
Mat
ters
- -
- -
- -
- -
- -
- ii)
Insu
ranc
e M
atte
rs -
- -
- -
- -
- -
- -
iii)M
anag
emen
t Ser
vice
s; an
d -
- -
- -
- -
- -
- -
c)in
any
oth
er ca
paci
ty 3
00
12
- -
- -
2
275
1
1 -
- d)
out o
f poc
ket e
xpen
ses
480
1
7 -
- -
- 3
4
41
18
- 1
Ad
vert
isem
ent a
nd p
ublic
ity 6
47,7
78
22,
853
224
6
36
665
2
2 3
,852
5
94,8
16
23,
847
82
781
In
tere
st a
nd b
ank
char
ges
219
,123
7
,731
7
6 2
15
225
7
1
,303
2
01,2
08
8,0
67
27
264
Ot
hers
a)In
form
atio
n te
chno
logy
ex
pens
es 5
57,5
59
19,
671
193
5
47
572
1
9 3
,316
5
11,9
72
20,
526
70
673
b)
Insu
ranc
e, w
ater
and
el
ectr
icity
char
ges
239
,675
8
,456
8
3 2
35
246
8
1
,425
2
20,0
80
8,8
23
30
289
c)
Polic
y sta
mps
154
,509
5
,451
5
3 1
52
159
5
9
19
141
,876
5
,688
1
9 1
87
d)Se
curit
y and
hou
seke
epin
g 2
20,8
80
7,7
93
76
217
2
27
7
1,3
14
202
,820
8
,131
2
8 2
67
e)M
arke
ting
expe
nses
and
Bu
sines
s dev
elop
men
t exp
ense
s 3
,059
,177
1
10,2
46
962
4
,009
1
6,29
0 1
32
15,
536
2,8
04,2
50
104
,280
3
22
3,1
50
f)M
iscel
lane
ous e
xpen
ses
269
,884
8
,477
7
2 2
32
252
1
5 1
,419
2
48,1
81
10,
909
35
292
De
prec
iatio
n (R
efer
Sch
edul
e 10
) 4
52,6
38
15,
969
157
4
44
465
1
5 2
,692
4
15,6
30
16,
663
58
545
To
tal
18,7
57,9
15
628
,190
6
,033
1
8,41
4 4
7,93
7 6
30
102
,835
1
7,27
2,69
1 6
57,1
00
2,3
11
21,
774
* inc
lude
s out
sour
ced
pers
onal
cost
of R
s. 5,
52,2
48/-
rdIRDA Registration No. 116 dated 3 August, 2001
20
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED Schedules forming part of financial statements for the year ended 31st March 2009 Annual Report 2008-2009
21
(Am
ount
in R
s. '0
00)
Par
ticul
ars
Prev
ious
Yea
rPa
rtic
ipat
ing
Non
Part
icip
atin
gLi
nked
Indi
vidu
alIn
divi
dual
Indi
vidu
alIn
divi
dual
Indi
vidu
alGr
oup
Indi
vidu
alIn
divi
dual
Grou
p Su
per-
Grou
pAs
sura
nce
Pens
ion
Assu
ranc
eHe
alth
Annu
ityAs
sura
nce
Assu
ranc
e Pe
nsio
nan
nuat
ion
Grat
uity
Empl
oyee
s' re
mun
erat
ion,
wel
fare
be
nefit
s and
oth
er m
anpo
wer
co
sts (
*) 6
,898
,081
2
27,7
76
3,2
95
2,7
98
4,3
23
156
4
,586
6
,433
,344
2
06,1
77
2,0
61
13,
565
Trav
el, c
onve
yanc
e an
d ve
hicl
e ru
nnin
g ex
pens
es 4
21,8
73
13,
930
201
1
71
264
1
0 2
80
393
,452
1
2,60
9 1
26
830
Tr
aini
ng e
xpen
ses
511
,314
1
6,88
4 2
44
207
3
20
12
340
4
76,8
66
15,
283
153
1
,005
Re
nts,
rate
s and
taxe
s-
Serv
ice ta
x bo
rne
by U
nit l
inke
d po
licy h
olde
rs'
- -
- -
- -
- -
- -
- -
Serv
ice
Tax
unut
ilise
d cr
edits
pr
ovisi
on/(
writ
e ba
ck)
1,9
05,4
54
62,
925
903
7
74
1,2
04
51
1,2
55
1,7
77,0
88
56,
949
569
3
,736
-
Serv
ice
Tax
Expe
nses
4,0
52
134
2
2
2
-
3
3,7
79
121
1
8
-
Rent
s & R
ates
332
,482
1
0,97
2 1
66
133
1
99
- 2
33
310
,073
9
,941
1
00
665
Re
pairs
132
,613
4
,379
6
3 5
4 8
3 3
8
8 1
23,6
78
3,9
64
40
261
Pr
intin
g an
d st
atio
nery
345
,943
1
1,42
3 1
65
140
2
17
8
230
3
22,6
37
10,
340
103
6
80
Com
mun
icat
ion
expe
nses
3,8
72,9
74
127
,880
1
,857
1
,569
2
,418
8
0 2
,587
3
,612
,035
1
15,7
63
1,1
57
7,6
28
Lega
l and
pro
fess
iona
l cha
rges
38,
977
975
1
4 1
2 9
,473
1
2
0 2
7,53
3 8
82
9
58
Med
ical
fees
73,
850
2,4
39
35
30
46
2
49
68,
875
2,2
07
22
145
Au
dito
rs' f
ees,
expe
nses
,etc
.a)
as a
udito
r 2
,500
8
1 1
1
2
-
2
2,3
32
75
1
5
b)as
adv
iser o
r in
any o
ther
ca
paci
ty, in
resp
ect o
fi)
Taxa
tion
Mat
ters
- -
- -
- -
- -
- -
-
ii)
Insu
ranc
e M
atte
rs -
- -
- -
- -
- -
- -
ii
i)M
anag
emen
t Ser
vice
s; an
d -
- -
- -
- -
- -
- -
c)in
any
oth
er ca
paci
ty -
- -
- -
- -
- -
- -
d)ou
t of p
ocke
t exp
ense
s 1
05
5
- -
- -
- 9
7 3
-
- Ad
vert
isem
ent a
nd p
ublic
ity 3
68,3
09
12,
162
176
1
49
231
8
2
45
343
,496
1
1,00
8 1
10
724
In
tere
st a
nd b
ank
char
ges
199
,879
6
,600
9
5 8
1 1
25
5
133
1
86,4
13
5,9
74
60
393
Ot
hers
a)In
form
atio
n te
chno
logy
expe
nses
532
,772
1
7,59
2 2
54
216
3
34
12
354
4
96,8
79
15,
924
159
1
,048
b)
Insu
ranc
e, w
ater
and
elec
tric
ity ch
arge
s 1
61,3
36
5,3
27
77
65
101
4
1
07
150
,468
4
,822
4
8 3
17
c)Po
licy s
tam
ps 1
46,8
30
4,8
48
70
60
92
3
98
136
,937
4
,389
4
4 2
89
d)Se
curit
y and
hou
seke
epin
g 1
48,0
06
4,8
87
71
60
93
3
98
138
,035
4
,424
4
4 2
91
e)M
arke
ting
expe
nses
and
Busin
ess d
evel
opm
ent e
xpen
ses
3,2
98,1
78
108
,896
1
,587
1
,335
2
,053
6
3 2
,212
3
,075
,957
9
8,58
5 9
86
6,5
04
f)M
iscel
lane
ous e
xpen
ses
421
,382
1
3,40
4 1
75
169
2
77
29
239
3
93,5
21
12,
665
121
7
82
Depr
ecia
tion
(Ref
er S
ched
ule
10)
226
,450
7
,477
1
08
92
142
5
1
51
211
,194
6
,768
6
8 4
45
Tota
l 2
0,04
3,36
0 6
60,9
96
9,5
59
8,1
18
21,
999
455
1
3,31
0 1
8,68
4,68
9 5
98,8
73
5,9
82
39,
379
* inc
lude
s out
sour
ced
pers
onal
cost
of R
s. 5,
56,5
34/-
Sche
dule
- 3
: Op
erat
ing
Expe
nses
Rel
ated
To In
sura
nce
Busi
ness
(R
efer
Sch
edul
e 16
Not
e 10
)
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED
(Am
ount
in R
s. '0
00)
Sche
dule
- 4
: Be
nefit
s pai
d (n
et)
Par
ticul
ars
Curr
ent Y
ear
Part
icip
atin
gNo
n Pa
rtic
ipat
ing
Link
ed
Indi
vidu
alIn
divi
dual
Indi
vidu
alIn
divi
dual
Indi
vidu
alGr
oup
Indi
vidu
alIn
divi
dual
Grou
p Su
per-
Grou
pAs
sura
nce
Pens
ion
Assu
ranc
eHe
alth
Annu
ityAs
sura
nce
Assu
ranc
e Pe
nsio
nan
nuat
ion
Grat
uity
a)Cl
aim
s by D
eath
2,2
72,0
59
98,
941
1,4
76
14,
115
16,
288
687
4
72,6
57
1,6
46,4
38
21,
457
- -
b)Cl
aim
s by M
atur
ity 3
87,3
01
374
,275
1
1,01
2 2
,014
-
- -
- -
- -
c)An
nuiti
es/P
ensio
ns p
aym
ent
4,7
47
- -
- -
4,7
47
- -
- -
- d)
UL W
ithdr
awal
s/Su
rren
ders
&Ot
her B
enef
its 4
,992
,212
6
8,00
6 4
,032
3
,157
1
6,35
3 4
-
3,9
54,9
14
140
,372
8
1,44
0 7
23,9
34
a)Cl
aim
s by D
eath
(72,
535)
(12,
077)
(144
) (1
75)
(7,8
54)
- (1
,500
) (5
0,78
5) -
- -
b)Cl
aim
s by M
atur
ity -
- -
- -
- -
- -
- -
c)An
nuiti
es/P
ensio
ns p
aym
ent
- -
- -
- -
- -
- -
- d)
UL W
ithdr
awal
s/Su
rren
ders
&Ot
her B
enef
its (1
8,65
0) (1
0,31
1) (1
15)
- (8
,224
) -
- -
- -
-
a)Cl
aim
s by D
eath
- -
- -
- -
- -
- -
- b)
Clai
ms b
y Mat
urity
- -
- -
- -
- -
- -
- c)
Annu
ities
/Pen
sions
pay
men
t -
- -
- -
- -
- -
- -
d)UL
With
draw
als/
Surr
ende
rs &
Ot
her B
enef
its -
- -
- -
- -
- -
- -
Tota
l 7
,565
,134
5
18,8
34
16,
261
19,
111
16,
563
5,4
38
471
,157
5
,550
,567
1
61,8
29
81,
440
723
,934
In In
dia
7,5
65,1
34
518
,834
1
6,26
1 1
9,11
1 1
6,56
3 5
,438
4
71,1
57
5,5
50,5
67
161
,829
8
1,44
0 7
23,9
34
Outs
ide
Indi
a -
- -
- -
- -
- -
- -
Tota
l 7
,565
,134
5
18,8
34
16,
261
19,
111
16,
563
5,4
38
471
,157
5
,550
,567
1
61,8
29
81,
440
723
,934
Insu
ranc
e Cl
aim
s :
(Am
ount
cede
d in
rein
sura
nce)
:
Amou
nt a
ccep
ted
in re
insu
ranc
e
Bene
fits p
aid
to cl
aim
ants
:
Par
ticul
ars
Prev
ious
Yea
rPa
rtic
ipat
ing
Non
Part
icip
atin
gLi
nked
Indi
vidu
alIn
divi
dual
Indi
vidu
alIn
divi
dual
Indi
vidu
alGr
oup
Indi
vidu
alIn
divi
dual
Grou
p Su
per-
Grou
pAs
sura
nce
Pens
ion
Assu
ranc
eHe
alth
Annu
ityAs
sura
nce
Assu
ranc
e Pe
nsio
nan
nuat
ion
Grat
uity
a)Cl
aim
s by D
eath
1,3
33,9
44
85,
118
1,1
61
17,
466
5,0
56
1,5
11
391
,349
8
04,9
55
27,
328
- -
b)Cl
aim
s by M
atur
ity 2
17,0
39
215
,720
-
1,3
16
- 3
-
- -
- -
c)An
nuiti
es/P
ensio
ns p
aym
ent
2,9
54
- -
- -
2,9
54
- -
- -
- d)
UL W
ithdr
awal
s/Su
rren
ders
&
Othe
r Ben
efits
6,9
97,1
73
41,
012
1,6
24
588
5
,633
-
- 6
,463
,154
4
37,9
86
2,7
66
44,
410
a)Cl
aim
s by D
eath
(32,
441)
(19,
514)
(527
) (3
00)
(2,4
63)
- (9
19)
(8,7
18)
- -
- b)
Clai
ms b
y Mat
urity
-
- -
- -
- -
- -
- -
c)An
nuiti
es/P
ensio
ns p
aym
ent
-
- -
- -
- -
- -
- -
d)UL
With
draw
als/
Surr
ende
rs &
Othe
r Ben
efits
(4,6
64)
(3,6
82)
- -
(981
) -
- (1
) -
- -
a)Cl
aim
s by D
eath
- -
- -
- -
- -
- -
- b)
Clai
ms b
y Mat
urity
- -
- -
- -
- -
- -
- c)
Annu
ities
/Pen
sions
pay
men
t -
- -
- -
- -
- -
- -
d)UL
With
draw
als/
Surr
ende
rs &
Othe
r Ben
efits
- -
- -
- -
- -
- -
- To
tal
8,5
14,0
05
318
,654
2
,258
1
9,07
0 7
,245
4
,468
3
90,4
30
7,2
59,3
90
465
,314
2
,766
4
4,41
0
In In
dia
8,5
14,0
05
318
,654
2
,258
1
9,07
0 7
,245
4
,468
3
90,4
30
7,2
59,3
90
465
,314
2
,766
4
4,41
0 Ou
tsid
e In
dia
-
- -
- -
- -
- -
- -
Tota
l 8
,514
,005
3
18,6
54
2,2
58
19,
070
7,2
45
4,4
68
390
,430
7
,259
,390
4
65,3
14
2,7
66
44,
410
Insu
ranc
e Cl
aim
s :
(Am
ount
cede
d in
rein
sura
nce)
:
Amou
nt a
ccep
ted
in re
insu
ranc
e
Bene
fits p
aid
to cl
aim
ants
:
rdIRDA Registration No. 116 dated 3 August, 2001
22
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED Schedules forming part of financial statements for the year ended 31st March 2009
Schedule - 5 : Share Capital
(Amount in Rs. '000)
Particulars Current Year Previous Year
200,000,000 Equity Shares of Rs. 10/- Each 2,000,000 2,000,000
1,507,090 1,507,090Equity Shares of Rs. 10/- Each150,709,000 (Previous Year 150,709,000) Equity Shares of Rs.10/- Each
Less : Preliminary Expenses (to the extent not written off) - -
Total 1,507,090 1,507,090
Authorised Capital
Issued , Subscribed, Called and Paid up Capital
Schedule - 5A : Pattern of Shareholding (As Certified by Management)
(Amount in Rs. '000)
Shareholder
Number of % of Number of % ofShares Holding Shares Holding
PROMOTERS:Indian
Bajaj Auto Limited - - 111,358,900 73.89Bajaj Finserv Limited 111,524,660 74 165,760 0.11
ForeignAllianz SE 39,184,340 26 39,184,340 26
TOTAL 150,709,000 100 150,709,000 100
Current Year Previous Year
Note : Share certificates in respect of 111,358,900 shares allotted to the erstwhile Bajaj Auto Limited were transferred to Bajaj Finserv Limited on 23rd May 2008 under a scheme of arrangement approved by the High Court of the Judicature at Mumbai and by the Insurance Regulatory and Development Authority (IRDA).
Annual Report 2008-2009
23
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED
Schedule - 6 : Reserves and Surplus
(Amount in Rs. '000)
Particulars Current Year Current Year Previous Year Previous Year
Capital Reserve - -
Capital Redemption Reserve - -
Share Premium
Opening balance 10,599,550 5,501,600
Add: Share Premium received during the year - 10,599,550 5,097,950 10,599,550
Revaluation Reseve - -
General Reserve - -
Catastrophe Reserve - -
Other Reserve - -
Balance of Profit & Loss Account - -
Total 10,599,550 10,599,550
Schedule - 7 : Borrowings
(Amount in Rs. '000)
Particulars Current Year Previous Year
Debentures/Bonds - -
Banks - -
Financial Institutions - -
Others - -
TOTAL - -
rdIRDA Registration No. 116 dated 3 August, 2001
24
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED Schedules forming part of financial statements for the year ended 31st March 2009
Schedule - 8 : Investments - Shareholders'
(Amount in Rs. '000)
Particulars Current Year Previous Year
LONG TERM INVESTMENTS
SHORT TERM INVESTMENTS
INVESTMENTS
Government securities and Government 2,600,831 4,549,343
guaranteed bonds including Treasury Bills
(Refer Note 1 below)
Other Approved Securities
a) Shares
aa) Equity - -
bb) Preference - -
b) Mutual Funds - -
c) Derivative Instruments - -
d) Debentures / Bonds 925,800 1,123,342
e) Other Securities
aa) Fixed Deposit with banks 318,900 -
f) Subsidiaries - -
Investment Properties - Real Estate - -
Investments in Infrastructure and Social Sector Bonds 1,239,767 1,505,834
Other investments 50,000 100,000
Government securities and Government 50,049 283,509
guaranteed bonds including Treasury Bills
Other Approved Securities
a) Shares
aa) Equity - -
bb) Preference - -
b) Mutual Funds - -
c) Derivative Instruments - -
d) Debentures / Bonds 1,850,234 2,024,033
e) Other Securities
aa) Fixed Deposit with banks 100,000 1,079,900
f) Subsidiaries - -
Investment Properties - Real Estate - -
Investments in Infrastructure and Social Sector Bonds 559,633 346,395
Other investments
aa) Bonds - 54,397
bb) Mutual Funds - 392,102
Total 7,695,214 11,458,855
In India 7,695,214 11,458,855
Outside India - -
Total 7,695,214 11,458,855
Notes :1. Includes Rs. 157,300 (Previous Year Rs. 103,333 ) deposited with Deutsche Bank AG, pursuant to Section 7 of the Insurance Act
1938 (Refer Schedule 16 Note 6 )2. Market Value of the above total investments of Rs. 7,695,214 (Previous Year Rs. 11,458,855) is Rs. 7,812,635 (Previous Year Rs.
11,367,648 )3. Historical cost of investment valued on fair value basis is Rs. Nil (Previous Year Rs. 392,000)
Annual Report 2008-2009
25
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED Sc
hedu
le -
8A :
Inve
stm
ents
- Po
licyh
olde
rs'
(Am
ount
in R
s. '0
00)
Par
ticul
ars
Curr
ent Y
ear
Part
icip
atin
gNo
n Pa
rtic
ipat
ing
Link
ed
Indi
vidu
alIn
divi
dual
Indi
vidu
alIn
divi
dual
Indi
vidu
alGr
oup
Indi
vidu
alIn
divi
dual
Grou
p Su
per-
Grou
pAs
sura
nce
Pens
ion
Assu
ranc
eHe
alth
Annu
ityAs
sura
nce
Assu
ranc
e Pe
nsio
nan
nuat
ion
Grat
uity
LONG
TER
M IN
VEST
MEN
TS
SHOR
T TE
RM IN
VEST
MEN
TS
Gove
rnm
ent s
ecur
ities
and
14,4
23,2
29
9,1
15,6
86
234
,081
1
97,6
34
62,
725
92,
139
368
,055
4
,285
,238
6
1,82
1 1
,739
4
,111
Go
vern
men
t gua
rant
eed
bond
sin
clud
ing
Trea
sury
Bill
sOt
her A
ppro
ved
Secu
ritie
sa)
Shar
esaa
)Eq
uity
47,
601
47,
601
- -
- -
- -
- -
- bb
)Pr
efer
ence
- -
- -
- -
- -
- -
- b)
Mut
ual f
unds
- -
- -
- -
- -
- -
- c)
Deriv
ativ
e In
stru
men
ts -
- -
- -
- -
- -
- -
d)De
bent
ures
/ Bo
nds
2,4
59,8
26
1,2
51,2
72
10,
000
766
-
745
2
68,4
39
850
,061
7
2,34
3 2
00
6,0
00
e)Ot
her S
ecur
ities
aa)
Fixe
d De
posit
s with
Ban
ks 8
02,5
00
- -
- -
- 4
9,90
0 5
54,1
00
190
,000
-
8,5
00
f)Su
bsid
iarie
s -
- -
- -
- -
- -
- -
g)In
vest
men
t Pro
pert
ies -
Re
al E
stat
e -
- -
- -
- -
- -
- -
Inve
stm
ents
in In
frast
ruct
ure
&
Soci
al S
ecto
r Bon
ds 2
,918
,821
1
,667
,852
1
10,4
67
38,
107
82,
403
11,
727
157
,203
8
50,5
62
- 5
00
- Ot
her i
nves
tmen
ts- B
onds
- -
- -
- -
- -
- -
- - E
quity
- -
- -
- -
- -
- -
-
Gove
rnm
ent s
ecur
ities
and
23
4,78
0 1
2,15
1 -
2,4
65
1,4
77
- 7
1,39
7 1
47,2
90
- -
- Go
vern
men
t gua
rant
eed
bond
s in
clud
ing
Trea
sury
Bill
sOt
her A
ppro
ved
Secu
ritie
sa)
Shar
esaa
)Eq
uity
- -
- -
- -
- -
- -
- bb
)Pr
efer
ence
- -
- -
- -
- -
- -
- b)
Mut
ual F
unds
- -
- -
- -
- -
- -
- c)
Deriv
ativ
e In
stru
men
ts -
- -
- -
- -
- -
- -
d)De
bent
ures
/ Bo
nds
1,3
74,5
32
- -
- 2
3,86
4 -
273
,763
1
,076
,905
-
- -
e)Ot
her S
ecur
ities
2
50,0
00
- -
- -
- -
250
,000
-
- -
f)Su
bsid
iarie
s -
- -
- -
- -
- -
- -
g)In
vest
men
t Pro
pert
ies -
Re
al E
stat
e -
- -
- -
- -
- -
- -
Inve
stm
ents
in In
frast
ruct
ure
&So
cial
Sec
tor B
onds
705
,859
1
49,9
41
- -
30,
868
- 5
2,08
9 4
59,4
56
13,
505
- -
Othe
r inv
estm
ents
- -
- -
- -
- -
- -
- TO
TAL
23,
217,
148
12,
244,
503
354
,548
2
38,9
72
201
,337
1
04,6
11
1,2
40,8
46
8,4
73,6
12
337
,669
2
,439
1
8,61
1 In
Indi
a
23,2
17,1
48
12,
244,
503
354
,548
2
38,9
72
201
,337
1
04,6
11
1,2
40,8
46
8,4
73,6
12
337
,669
2
,439
1
8,61
1 Ou
tsid
e In
dia
- -
- -
- -
- -
- -
- To
tal
23,2
17,1
48
12,
244,
503
354
,548
2
38,9
72
201
,337
1
04,6
11
1,2
40,8
46
8,4
73,6
12
337
,669
2
,439
1
8,61
1 No
te:
1.M
arke
t Val
ue o
f the
abo
ve to
tal i
nves
tmen
ts o
f Rs
. 23,
217,
148
(Pre
viou
s yea
r Rs.
14,6
86,9
68) i
s Rs.
24,0
22,3
33 (P
revi
ous y
ear R
s. 14
,500
,505
)2.
Hist
oric
al co
st o
f inv
estm
ent v
alue
d on
fair
valu
e ba
sis is
Rs 4
0,58
7 (P
revi
ous y
ear R
s.629
,918
)
rdIRDA Registration No. 116 dated 3 August, 2001
26
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED Schedules forming part of financial statements for the year ended 31st March 2009Sc
hedu
le -
8A :
Inve
stm
ents
- Po
licyh
olde
rs'
(Am
ount
in R
s. '0
00)
Par
ticul
ars
Prev
ious
Yea
rPa
rtic
ipat
ing
Non
Part
icip
atin
gLi
nked
Indi
vidu
alIn
divi
dual
Indi
vidu
alIn
divi
dual
Indi
vidu
alGr
oup
Indi
vidu
alIn
divi
dual
Grou
p Su
per-
Grou
pAs
sura
nce
Pens
ion
Assu
ranc
eHe
alth
Annu
ityAs
sura
nce
Assu
ranc
e Pe
nsio
nan
nuat
ion
Grat
uity
LONG
TER
M IN
VEST
MEN
TS
SHOR
T TE
RM IN
VEST
MEN
TS
Gove
rnm
ent s
ecur
ities
and
8,59
1,97
55,
189,
707
201,
241
166,
798
19,5
1154
,120
142,
141
2,74
2,28
170
,066
1,73
14,
379
Gove
rnm
ent g
uara
ntee
d bo
nds
incl
udin
g Tr
easu
ry B
ills
Othe
r App
rove
d Se
curit
ies
a)Sh
ares
aa)
Equi
ty 6
12,8
30
612
,830
-
- -
- -
--
--
bb)
Pref
eren
ce -
- -
- -
- -
- -
- -
b)M
utua
l fun
ds -
- -
- -
- -
- -
- -
c)De
rivat
ive
Inst
rum
ents
-
-
- -
-
- -
-
- -
- d)
Debe
ntur
es /
Bond
s 1
,987
,142
1
,252
,312
1
0,00
077
2-
745
61,4
4065
6,87
35,
000
--
e)Ot
her S
ecur
ities
aa)
Fixe
d De
posit
s with
Ban
ks -
- -
- -
- -
- -
- -
f)Su
bsid
iarie
s-
- -
- -
- -
- -
- -
g)In
vest
men
t Pro
pert
ies -
Re
al E
stat
e 2
44,9
43
244
,943
-
-
- -
--
-
- -
Inve
stm
ents
in In
frast
ruct
ure
&So
cial
Sec
tor B
onds
2,1
33,1
34
1,2
37,5
79
76,
574
38,1
02
45,
000
11,
721
32,
916
691,
242
-
-
- Ot
her i
nves
tmen
ts- B
onds
100
,000
1
00,0
00
--
- -
--
- -
- - E
quity
116
,548
1
16,5
48
--
- -
--
- -
-
Gove
rnm
ent s
ecur
ities
and
539,
523
43,
947
--
- -
49,
651
445,
511
- 3
13
101
Gove
rnm
ent g
uara
ntee
d bo
nds
incl
udin
g Tr
easu
ry B
ills
Othe
r App
rove
d Se
curit
ies
a)Sh
ares
aa)
Equi
ty-
--
--
--
--
--
bb)
Pref
eren
ce-
--
--
--
--
--
b)M
utua
l Fun
ds -
- -
--
--
--
--
c)De
rivat
ive
Inst
rum
ents
-
- -
- -
- -
--
--
d)De
bent
ures
/ Bo
nds
100
,344
5
0,34
4 -
- -
- -
50,0
00
- -
- e)
Othe
r Sec
uriti
es
50,
000
- -
- -
- -
50,0
00
- -
-f)
Subs
idia
ries
- -
--
- -
--
- -
-g)
Inve
stm
ent P
rope
rtie
s -Re
al E
stat
e -
- -
- -
- -
- -
- -
Inve
stm
ents
in In
frast
ruct
ure
&So
cial
Sec
tor B
onds
210
,529
1
26,1
69
--
- -
28,
692
55,0
68
- 2
00
400
Othe
r inv
estm
ents
- -
- -
- -
- -
- -
-TO
TAL
14,
686,
968
8,9
74,3
79
287
,815
20
5,67
2 6
4,51
1 6
6,58
6 3
14,8
40
4,69
0,97
5 7
5,06
6 2
,244
4
,880
In In
dia
14,6
86,9
68
8,9
74,3
79
287
,815
20
5,67
2 6
4,51
1 6
6,58
6 3
14,8
40
4,69
0,97
5 7
5,06
6 2
,244
4
,880
Outs
ide
Indi
a -
- -
- -
- -
- -
- -
Tota
l 1
4,68
6,96
8 8
,974
,379
2
87,8
15
205,
672
64,
511
66,
586
314
,840
4,
690,
975
75,
066
2,2
44
4,8
80 N
otes
: 1.
Mar
ket V
alue
of t
he a
bove
tota
l inv
estm
ents
of
Rs. 1
4,68
6,96
8 (P
revi
ous y
ear R
s. 9,
050,
758)
is R
s. 14
,500
,505
(Pre
viou
s yea
r Rs.
8,75
1,31
2).
2. H
istor
ical
cost
of i
nves
tmen
t val
ued
on fa
ir va
lue
basis
is R
s 629
,918
(Pre
viou
s yea
r Rs.
582,
404)
.
Annual Report 2008-2009
27
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED
Schedule - 8B : Assets held to cover linked liabilities
(Amount in Rs. '000)
Particulars Current Year Previous Year
LONG TERM INVESTMENTS
SHORT TERM INVESTMENTS
INVESTMENTS
Government securities and Government 1,149,907 685,714guaranteed bonds including Treasury Bills
Other Approved Securities
a) Shares
aa) Equity 84,253,598 68,712,146
bb) Preference 308,280 -
b) Mutual Funds - -
c) Derivative Instruments - -
d) Debentures / Bonds 3,390,388 2,267,232
e) Other Securities - -
aa) Fixed Deposits with Banks 2,046,000 -
f) Subsidiaries - -
Investment Properties - Real Estate - -
Investments in Housing and Infrastructure Sector 8,574,100 4,254,556
Other investments 15,840,217 12,464,060
Net Current Assets - -
Government securities and Government 337,067 220,783 guaranteed bonds including Treasury Bills
Other Approved Securities
a) Shares
aa) Equity - -
bb) Preference - -
b) Mutual Funds 946,100 -
c) Derivative Instrument - -
d) Debentures / Bonds 16,014,164 11,142,937
e) Other Securities - -
f) Subsidiaries - -
Investment Properties - Real Estate - -
Investments in Housing and Infrastructure Sector 598,173 126,869
Other investments - 1,091,843
Fixed Deposits with Banks 1,949,028 1,699,800
Net Current Assets 5,245,976 6,875,757
Total 140,652,998 109,541,697
In India 140,652,998 109,541,697
Outside India - -
Total 140,652,998 109,541,697
(Refer Schedule 16 Note 24)
Historical Cost of above investments is Rs 159,828,323/- ( Previous Year Rs. 109,527,505/-)
rdIRDA Registration No. 116 dated 3 August, 2001
28
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED Schedules forming part of financial statements for the year ended 31st March 2009
Schedule - 9 : Loans
(Amount in Rs. '000)
Particulars Current Year Previous Year
SECURITY-WISE CLASSIFICATION
BORROWER-WISE CLASSIFICATION
PERFORMANCE-WISE CLASSIFICATION
MATURITY-WISE CLASSIFICATION
Secured
a) On mortgage of property
aa) In India - -
bb) Outside India - -
b) On Shares, Bonds, Government Securities etc. - -
c) Loan against policies 76,970 30,937
Total 76,970 30,937
a) Central and State Government - -
b) Bank and Financial Institutions - -
c) Subsidiaries - -
d) Companies - -
e) Loan against policies 76,970 30,937
Total 76,970 30,937
a) Loans classified as standard :
aa) In India 76,970 30,937
bb) Outside India - -
Total 76,970 30,937
a) Short-Term - -
b) Long-Term 76,970 30,937
Total 76,970 30,937
Annual Report 2008-2009
29
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED
Sche
dule
- 10
: Fi
xed
Asse
ts
(Am
ount
in R
s. '0
00)
GROS
S BL
OCK
DEPR
ECIA
TION
NE
T BL
OCK
Part
icul
ars
Open
ing
Addi
tions
Dedu
ctio
nsCl
osin
gUp
to la
stFo
r the
On S
ales
/To
dat
eCu
rren
t Pr
evio
us
year
year
Adju
stm
ents
Year
Year
Inta
ngib
le -C
ompu
ter S
oftw
are
66,
353
- -
66,
353
37,
269
13,
824
- 5
1,09
3 1
5,26
0 2
9,08
4La
nd-F
reeh
old
- -
- -
- -
- -
- -
Leas
ehol
d Pr
oper
ties
322
,122
1
46,1
47
- 4
68,2
69
177
,215
9
2,32
9 -
269
,544
1
98,7
25
144
,907
Build
ings
(Ref
er n
ote
2 be
low
) 1
86,6
02
244
,943
-
431
,545
1
6,25
7 8
,631
-
24,
888
406
,657
1
70,3
45El
ectr
ical
Fitti
ngs
4,7
22
104
-
4,8
26
1,8
52
270
-
2,1
22
2,7
04
2,8
70Fu
rnitu
re &
Fitti
ngs
82,
339
40,
606
34
122
,911
3
6,34
3 7
,361
2
9 4
3,67
5 7
9,23
6 4
5,99
6In
form
atio
n Te
chno
logy
Equ
ipm
ent
764
,177
2
63,5
86
4,7
83
1,0
22,9
80
368
,126
2
92,4
86
2,8
88
657
,724
3
65,2
56
396
,051
Air C
ondi
tione
r 8
7,91
2 3
0,66
1 5
9 1
18,5
14
25,
514
12,
400
59
37,
855
80,
659
62,
398
Vehi
cles
12
,980
2
,312
1
,077
1
4,21
5 3
,186
2
,770
9
67
4,9
89
9,2
26
9,7
94Of
fice
Equi
pmen
t 1
17,0
60
36,
255
527
1
52,7
88
68,
883
22,
567
524
9
0,92
6 6
1,86
2 4
8,17
7To
tal
1,6
44,2
67
764
,614
6
,480
2
,402
,401
7
34,6
45
452
,638
4
,467
1
,182
,816
1
,219
,585
9
09,6
22
Prev
ious
Yea
r 1
,043
,272
6
03,0
61
2,0
66
1,6
44,2
67
510
,127
2
26,4
50
1,9
32
734
,645
9
09,6
22
-
Note
:1.
Refe
r Not
e No
.1 (h
) of S
ched
ule
162.
Addi
tion
of R
s. 24
4,94
3, re
pres
ents
Bui
ldin
g tr
ansf
erre
d fro
m In
vest
men
ts P
olic
yhol
ders
' acc
ount
.
rdIRDA Registration No. 116 dated 3 August, 2001
30
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED Schedules forming part of financial statements for the year ended 31st March 2009
Schedule - 11 : Cash and Bank Balances
(Amount in Rs. '000)
1. Cash (including cheques, drafts and stamps) (*) 442,494 744,183
2. Bank Balances
a) Deposit Accounts
aa) Short-term (due within 12 months of the date of Balance Sheet ) 200 200
bb) Others - -
b) Current Accounts 3,110,269 2,986,511
c) Others - -
3. Money at Call and Short Notice
a) With Banks - -
b) With Other Institutions - -
4 . Others - -
Total 3,552,963 3,730,894
Balances with non-scheduled banks included in 2 and 3 above
Cash and Bank Balances
1. In India 3,552,963 3,730,894
2. Outside India - -
Total 3,552,963 3,730,894
(*) includes credit card collections
Particulars Current Year Previous Year
Annual Report 2008-2009
31
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED
Schedule - 12 : Advances and Other Assets
(Amount in Rs. '000)
Particulars Current Year Previous Year
ADVANCES
OTHER ASSETS
Reserve deposits with ceding companies - -
Application money for investments - -
Prepayments 132,292 129,358
Advances to Directors/Officers - -
Advance Tax paid and taxes deducted at source 6,774 1,066
Others :
Travel Advances 500 1,768
Employee Advances 2,977 4,108
Advances to Suppliers 308,105 129,756
Miscellaneous Advances - -
Total (A) 450,648 266,056
Income accrued on investments 697,418 550,108
Outstanding Premiums 268,465 233,726
Agents' Balances - -
Foreign Agencies Balance - -
Due from other entities carrying on insurance business 21,567 3,779
(Including amount due from Reinsurers)
Due from subsidiaries/holding company - -
Deposit with Reserve Bank of India - -
[pursuant to section 7 of Insurance Act,1938]
Deposits 207,009 169,540
Others :
Unsettled Investment contract receivable - -
Others 183,316 144,697
Total (B) 1,377,775 1,101,850
Total (A + B) 1,828,423 1,367,906
rdIRDA Registration No. 116 dated 3 August, 2001
32
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED Schedules forming part of financial statements for the year ended 31st March 2009
Schedule - 13 : Current Liabilities
(Amount in Rs. '000)
Particulars Current Year Previous Year
Agents' Balances 2,707,151 1,774,831
Balances due to other insurance companies 70,312 18,869
Deposits held on reinsurance ceded - -
Premium received in advance 211,051 170,855
Premium & Other Deposits 903,774 1,739,853
Sundry Creditors (*) 3,110,997 5,910,554
Due to Subsidiaries/holding company - 1,211
Claims Outstanding 253,700 218,655
Annuities Due - -
Due to Officers/Directors of the Company - -
Others :
Payable - unsettled investment contracts - -
Temporary Overdraft as per the books of accounts 795,371 409,891
TOTAL 8,052,356 10,244,719
(*) The Company is in the process of compiling the requisite list of micro and small enterprises under the MSMED Act which has come into force recently and in the absence of information in this regard, the particulars required by the aforesaid Act have not been given.
(Amount in Rs. '000)
Particulars Current Year Current Year Previous Year Previous Year
For Taxation (Less Payments and Taxes deducted at Sources)Wealth Tax 85 80 Income Tax 71,283 - Fringe Benefit Tax 5,200 76,568 4,310 4,390
For Proposed dividends - - For dividend distribution tax - - Others:
For Leave Encashment 263,775 214,100 For Long Term Incentive Plan 38,710 56,974 For Gratuity 54,456 356,941 - 271,074
Total 433,509 275,464
Schedule - 14 : Provisions
Schedule - 15 : Miscellaneous Expenditure (To the extent not written-off or adjusted)
Particulars Current Year Previous Year
Discount allowed on issue of shares/debentures - -
Others - -
Total - -
(Amount in Rs. '000)
Annual Report 2008-2009
33
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED
PREMIUMS EARNED – NET
INCOME FROM INVESTMENTS
OTHER INCOME:
COMMISSIONOPERATING EXPENSES RELATED TO INSURANCE BUSINESS
BENEFITS PAID (NET)
Surplus / (Deficit) (D) =(A)-(B)-(C)
APPROPRIATIONS
(a) Premium 17,911,923 77,005,250 94,917,173 457,015 3,077,234 3,534,249 6,278 1,406,332 1,412,610 99,864,032(b) Reinsurance ceded (Refer Schedule 16 Note 16) (122,465) - (122,465) (112) - (112) - - - (122,577)
SUB-TOTAL 17,789,458 77,005,250 94,794,708 456,903 3,077,234 3,534,137 6,278 1,406,332 1,412,610 99,741,455
(a) Interest, dividend & rent - gross 617,168 2,296,436 2,913,604 15,492 106,584 122,076 1,404 142,085 143,489 3,179,169(b) Profit on sale/redemption of investments 27,748 4,129,721 4,157,469 173 221,631 221,804 96 95,592 95,688 4,474,961(c) Loss on sale/redemption of investments (167) (20,385,985) (20,386,152) - (1,062,260) (1,062,260) (3) (224,996) (224,999) (21,673,411)(d) Unrealised gain/(loss) - (18,420,903) (18,420,903) - (820,989) (820,989) - 52,375 52,375 (19,189,517)(e) Other investment income - 991,625 991,625 - 43,591 43,591 - 24,711 24,711 1,059,927
644,749 (31,389,106) (30,744,357) 15,665 (1,511,443) (1,495,778) 1,497 89,767 91,264 (32,148,871)
(a) Linked income UL1 10,506,735 (10,506,735) - 167,560 (167,560) - 22,351 (22,351) - -(b) Contribution from Shareholders' account 1,290,084 - 1,290,084 348,191 - 348,191 806 - 806 1,639,081
(Refer Schedule 16 Note 15)(c) Others 83,418 - 83,418 2,729 - 2,729 105 - 105 86,252
Total (A) 30,314,444 35,109,409 65,423,853 991,048 1,398,231 2,389,279 31,037 1,473,748 1,504,785 69,317,917
9,495,789 - 9,495,789 224,140 - 224,140 - - - 9,719,92915,768,462 1,504,229 17,272,691 644,605 12,495 657,100 23,039 1,046 24,085 17,953,876
Provision for Fringe Benefit Tax 79,386 - 79,386 3,183 - 3,183 115 - 115 82,684Provision for Income Tax 41,444 - 41,444 - - - - - - 41,444
TOTAL (B) 25,385,081 1,504,229 26,889,310 871,928 12,495 884,423 23,154 1,046 24,200 27,797,933
UL2 1,165,453 4,385,114 5,550,567 - 161,829 161,829 - 805,374 805,374 6,517,770Interim Bonus Paid - - - - - - - - - -Change In Valuation of Liability In Respect Of Life Policies 2,773,075 - 2,773,075 119,120 - 119,120 7,242 - 7,242 2,899,437(Refer Schedule 16 Note 1(e) and note 8)Change In Valuation Liability - 29,220,066 29,220,066 - 1,223,907 1,223,907 - 667,328 667,328 31,111,301(Refer Schedule 16 Note 1(e) and note 8)
TOTAL (C) 3,938,528 33,605,180 37,543,708 119,120 1,385,736 1,504,856 7,242 1,472,702 1,479,944 40,528,508
990,835 - 990,835 - - - 641 - 641 991,476
Balance of previous year (E) - - - - - - - - - -
Reserve for lapsed unit linked policies unlikely to be revived (E) 990,835 - 990,835 - - - - - - 990,835(Refer Schedule 16 Note 1(e) and note 8)Transfer To Shareholders' a/c - - - - - - - - - -
Balance being funds for future appropriations (D) - (E) - - - - - - 641 - 641 641
Particulars Schedule Linked Life Linked Pension Linked Group Current Year Non-Unit Unit Total Non-Unit Unit Total Non-Unit Unit Total
(1) (2) (3)=(1) + (2) (4) (5) (6)=(4) + (5) (7) (8) (9)= (7) + (8) (10)=(3)+ (6)+(9)
rdIRDA Registration No. 116 dated 3 August, 2001
stRevenue Account for the year ended 31 March 2009Policyholders' Account (Technical Account)
Annexure to Revenue Account-Break Up of Unit Linked Business (UL) for the year ended 31st March 2009
34
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED
(Amount in Rs. '000)
PREMIUMS EARNED – NET
INCOME FROM INVESTMENTS
OTHER INCOME:
COMMISSIONOPERATING EXPENSES RELATED TO INSURANCE BUSINESS
BENEFITS PAID (NET)
Surplus / (Deficit) (D) =(A)-(B)-(C)
APPROPRIATIONS
(a) Premium 17,911,923 77,005,250 94,917,173 457,015 3,077,234 3,534,249 6,278 1,406,332 1,412,610 99,864,032(b) Reinsurance ceded (Refer Schedule 16 Note 16) (122,465) - (122,465) (112) - (112) - - - (122,577)
SUB-TOTAL 17,789,458 77,005,250 94,794,708 456,903 3,077,234 3,534,137 6,278 1,406,332 1,412,610 99,741,455
(a) Interest, dividend & rent - gross 617,168 2,296,436 2,913,604 15,492 106,584 122,076 1,404 142,085 143,489 3,179,169(b) Profit on sale/redemption of investments 27,748 4,129,721 4,157,469 173 221,631 221,804 96 95,592 95,688 4,474,961(c) Loss on sale/redemption of investments (167) (20,385,985) (20,386,152) - (1,062,260) (1,062,260) (3) (224,996) (224,999) (21,673,411)(d) Unrealised gain/(loss) - (18,420,903) (18,420,903) - (820,989) (820,989) - 52,375 52,375 (19,189,517)(e) Other investment income - 991,625 991,625 - 43,591 43,591 - 24,711 24,711 1,059,927
644,749 (31,389,106) (30,744,357) 15,665 (1,511,443) (1,495,778) 1,497 89,767 91,264 (32,148,871)
(a) Linked income UL1 10,506,735 (10,506,735) - 167,560 (167,560) - 22,351 (22,351) - -(b) Contribution from Shareholders' account 1,290,084 - 1,290,084 348,191 - 348,191 806 - 806 1,639,081
(Refer Schedule 16 Note 15)(c) Others 83,418 - 83,418 2,729 - 2,729 105 - 105 86,252
Total (A) 30,314,444 35,109,409 65,423,853 991,048 1,398,231 2,389,279 31,037 1,473,748 1,504,785 69,317,917
9,495,789 - 9,495,789 224,140 - 224,140 - - - 9,719,92915,768,462 1,504,229 17,272,691 644,605 12,495 657,100 23,039 1,046 24,085 17,953,876
Provision for Fringe Benefit Tax 79,386 - 79,386 3,183 - 3,183 115 - 115 82,684Provision for Income Tax 41,444 - 41,444 - - - - - - 41,444
TOTAL (B) 25,385,081 1,504,229 26,889,310 871,928 12,495 884,423 23,154 1,046 24,200 27,797,933
UL2 1,165,453 4,385,114 5,550,567 - 161,829 161,829 - 805,374 805,374 6,517,770Interim Bonus Paid - - - - - - - - - -Change In Valuation of Liability In Respect Of Life Policies 2,773,075 - 2,773,075 119,120 - 119,120 7,242 - 7,242 2,899,437(Refer Schedule 16 Note 1(e) and note 8)Change In Valuation Liability - 29,220,066 29,220,066 - 1,223,907 1,223,907 - 667,328 667,328 31,111,301(Refer Schedule 16 Note 1(e) and note 8)
TOTAL (C) 3,938,528 33,605,180 37,543,708 119,120 1,385,736 1,504,856 7,242 1,472,702 1,479,944 40,528,508
990,835 - 990,835 - - - 641 - 641 991,476
Balance of previous year (E) - - - - - - - - - -
Reserve for lapsed unit linked policies unlikely to be revived (E) 990,835 - 990,835 - - - - - - 990,835(Refer Schedule 16 Note 1(e) and note 8)Transfer To Shareholders' a/c - - - - - - - - - -
Balance being funds for future appropriations (D) - (E) - - - - - - 641 - 641 641
Particulars Schedule Linked Life Linked Pension Linked Group Current Year Non-Unit Unit Total Non-Unit Unit Total Non-Unit Unit Total
(1) (2) (3)=(1) + (2) (4) (5) (6)=(4) + (5) (7) (8) (9)= (7) + (8) (10)=(3)+ (6)+(9)
Annual Report 2008-2009
35
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED
Particulars Schedule Linked Life Linked Pension Linked Group Previous Year Non-Unit Unit Total Non-Unit Unit Total Non-Unit Unit Total
(1) (2) (3)=(1) + (2) (4) (5) (6)=(4) + (5) (7) (8) (9)= (7) + (8) (10)=(3)+ (6)+(9)
PREMIUMS EARNED – NET
INCOME FROM INVESTMENTS
OTHER INCOME:
COMMISSIONOPERATING EXPENSES RELATED TO INSURANCE BUSINESS
BENEFITS PAID (NET)
Surplus / (Deficit) (D) =(A)-(B)-(C)
APPROPRIATIONS
(a) Premium 28,370,793 59,847,039 88,217,832 365,760 2,897,104 3,262,864 5,406 1,608,916 1,614,322 93,095,018(b) Reinsurance ceded (Refer Schedule 16 Note 16) (63,026) - (63,026) (48) - (48) - - - (63,074)
SUB-TOTAL 28,307,767 59,847,039 88,154,806 365,712 2,897,104 3,262,816 5,406 1,608,916 1,614,322 93,031,944
(a) Interest, dividend & rent - gross 286,715 987,022 1,273,737 3,920 43,929 47,849 300 40,769 41,069 1,362,655(b) Profit on sale/redemption of investments 4,526 8,260,919 8,265,445 21 533,211 533,232 - 65,126 65,126 8,863,803(c) Loss on sale/redemption of investments (5,308) (1,435,912) (1,441,220) - (79,330) (79,330) (9) (7,433) (7,442) (1,527,992)(d) Unrealised gain/(loss) - (2,661,741) (2,661,741) - (309,353) (309,353) - (37,347) (37,347) (3,008,441)(e) Other investment income - 569,556 569,556 - 27,662 27,662 - 6,277 6,277 603,495
285,933 5,719,844 6,005,777 3,941 216,119 220,060 291 67,392 67,683 6,293,520
(a) Linked income UL1 5,350,476 (5,350,476) - 82,377 (82,377) - 7,848 (7,848) - -(b) Contribution from Shareholders' account 2,539,007 - 2,539,007 365,506 - 365,506 36,057 - 36,057 2,940,570
(Refer Schedule 16 Note 15)(c) Others 81,850 - 81,850 2,623 - 2,623 199 - 199 84,672
Total (A) 36,565,033 60,216,407 96,781,440 820,159 3,030,846 3,851,005 49,801 1,668,460 1,718,261 102,350,706
14,464,765 - 14,464,765 163,063 - 163,063 - - - 14,627,82818,684,689 - 18,684,689 598,873 - 598,873 45,361 - 45,361 19,328,923
Provision For Taxation 87,025 - 87,025 2,789 - 2,789 212 - 212 90,026
TOTAL (B) 33,236,479 - 33,236,479 764,725 - 764,725 45,573 - 45,573 34,046,777
UL2 529,409 6,729,981 7,259,390 - 465,314 465,314 54 47,122 47,176 7,771,880Interim Bonuses Paid - - - - - - - - -Change In Valuation of Liability In Respect Of Life Policies 1,137,626 - 1,137,626 53,873 - 53,873 4,100 - 4,100 1,195,599(Refer Schedule 16 Note 1 (e) and Note 8 )Change In Valuation Liability (Refer Schedule 16 Note 1 (e) and Note 8 ) - 53,486,426 53,486,426 - 2,565,532 2,565,532 - 1,621,338 1,621,338 57,673,296
TOTAL (C) 1,667,035 60,216,407 61,883,442 53,873 3,030,846 3,084,719 4,154 1,668,460 1,672,614 66,640,775
1,661,519 - 1,661,519 1,561 - 1,561 74 - 74 1,663,154
Balance of previous year - - - - - - - - - - Transitional Adjustments on revision to Valuation of employees benefit (59,899) - (59,899) (1,561) - (1,561) (74) - (74) (61,534)(Refer Schedule 16 Note 1)
Reserve for lapsed unit linked policies unlikely to be revived (1,601,620) - (1,601,620) - - - - - - (1,601,620)(Refer Schedule 16 Note 1(e) and note 8)Transfer To Shareholders' a/c - - - - - - - - - -
Balance being funds for future appropriations - - - - - - - - - -
rdIRDA Registration No. 116 dated 3 August, 2001
stRevenue Account for the year ended 31 March 2009Policyholders' Account (Technical Account)
Annexure to Revenue Account-Break Up of Unit Linked Business (UL) for the year ended 31st March 2009
36
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED
(Amount in Rs. '000)
Particulars Schedule Linked Life Linked Pension Linked Group Previous Year Non-Unit Unit Total Non-Unit Unit Total Non-Unit Unit Total
(1) (2) (3)=(1) + (2) (4) (5) (6)=(4) + (5) (7) (8) (9)= (7) + (8) (10)=(3)+ (6)+(9)
PREMIUMS EARNED – NET
INCOME FROM INVESTMENTS
OTHER INCOME:
COMMISSIONOPERATING EXPENSES RELATED TO INSURANCE BUSINESS
BENEFITS PAID (NET)
Surplus / (Deficit) (D) =(A)-(B)-(C)
APPROPRIATIONS
(a) Premium 28,370,793 59,847,039 88,217,832 365,760 2,897,104 3,262,864 5,406 1,608,916 1,614,322 93,095,018(b) Reinsurance ceded (Refer Schedule 16 Note 16) (63,026) - (63,026) (48) - (48) - - - (63,074)
SUB-TOTAL 28,307,767 59,847,039 88,154,806 365,712 2,897,104 3,262,816 5,406 1,608,916 1,614,322 93,031,944
(a) Interest, dividend & rent - gross 286,715 987,022 1,273,737 3,920 43,929 47,849 300 40,769 41,069 1,362,655(b) Profit on sale/redemption of investments 4,526 8,260,919 8,265,445 21 533,211 533,232 - 65,126 65,126 8,863,803(c) Loss on sale/redemption of investments (5,308) (1,435,912) (1,441,220) - (79,330) (79,330) (9) (7,433) (7,442) (1,527,992)(d) Unrealised gain/(loss) - (2,661,741) (2,661,741) - (309,353) (309,353) - (37,347) (37,347) (3,008,441)(e) Other investment income - 569,556 569,556 - 27,662 27,662 - 6,277 6,277 603,495
285,933 5,719,844 6,005,777 3,941 216,119 220,060 291 67,392 67,683 6,293,520
(a) Linked income UL1 5,350,476 (5,350,476) - 82,377 (82,377) - 7,848 (7,848) - -(b) Contribution from Shareholders' account 2,539,007 - 2,539,007 365,506 - 365,506 36,057 - 36,057 2,940,570
(Refer Schedule 16 Note 15)(c) Others 81,850 - 81,850 2,623 - 2,623 199 - 199 84,672
Total (A) 36,565,033 60,216,407 96,781,440 820,159 3,030,846 3,851,005 49,801 1,668,460 1,718,261 102,350,706
14,464,765 - 14,464,765 163,063 - 163,063 - - - 14,627,82818,684,689 - 18,684,689 598,873 - 598,873 45,361 - 45,361 19,328,923
Provision For Taxation 87,025 - 87,025 2,789 - 2,789 212 - 212 90,026
TOTAL (B) 33,236,479 - 33,236,479 764,725 - 764,725 45,573 - 45,573 34,046,777
UL2 529,409 6,729,981 7,259,390 - 465,314 465,314 54 47,122 47,176 7,771,880Interim Bonuses Paid - - - - - - - - - -Change In Valuation of Liability In Respect Of Life Policies 1,137,626 - 1,137,626 53,873 - 53,873 4,100 - 4,100 1,195,599(Refer Schedule 16 Note 1 (e) and Note 8 )Change In Valuation Liability (Refer Schedule 16 Note 1 (e) and Note 8 ) - 53,486,426 53,486,426 - 2,565,532 2,565,532 - 1,621,338 1,621,338 57,673,296
TOTAL (C) 1,667,035 60,216,407 61,883,442 53,873 3,030,846 3,084,719 4,154 1,668,460 1,672,614 66,640,775
1,661,519 - 1,661,519 1,561 - 1,561 74 - 74 1,663,154
Balance of previous year - - - - - - - - - - Transitional Adjustments on revision to Valuation of employees benefit (59,899) - (59,899) (1,561) - (1,561) (74) - (74) (61,534)(Refer Schedule 16 Note 1)
Reserve for lapsed unit linked policies unlikely to be revived (1,601,620) - (1,601,620) - - - - - - (1,601,620)(Refer Schedule 16 Note 1(e) and note 8)Transfer To Shareholders' a/c - - - - - - - - - -
Balance being funds for future appropriations - - - - - - - - - -
Annual Report 2008-2009
37
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED
(Amount in Rs. '000)
Fund Administration charges 190,419 - - 190,419 Fund Management charges 1,531,339 68,913 22,351 1,622,603 Policy Administration charges 4,898,781 86,174 - 4,984,955 Surrender charges - - - - Switching charges 2,787 432 - 3,219 Mortality charges 3,387,828 11,111 - 3,398,939 Rider Premium charges 495,581 930 - 496,511 Partial withdrawal charges - - - - Miscellaneous charges - - - -
TOTAL (UL-1) 10,506,735 167,560 22,351 10,696,646
Particulars Life Linked Pension Linked Linked Group CurrentUnit Unit Unit Year
(1) (2) (3) (4)= (1)+(2)+(3)
(Amount in Rs. '000)
Fund Administration charges 214,789 - - 214,789
Fund Management charges 1,080,521 48,528 7,848 1,136,897
Policy Administration charges 2,094,442 29,255 - 2,123,697
Surrender charges - - - -
Switching charges 8,063 597 - 8,660
Mortality charges 1,632,240 3,401 - 1,635,641
Rider Premium charges 320,421 596 - 321,017
Partial withdrawal charges - - - -
Miscellaneous charges - - - -
TOTAL (UL-1) 5,350,476 82,377 7,848 5,440,701
Particulars Life Linked Pension Linked Linked Group PreviousUnit Unit Unit Year
(1) (2) (3) (4)= (1)+(2)+(3)
Schedule - UL1 : Linked Income(recovered from linked funds) (net of service tax)
rdIRDA Registration No. 116 dated 3 August, 2001
Annexure to Revenue Account-Break Up of Unit Linked Business (UL) for the year ended 31st March 2009
Schedule - UL1 : Linked Income(recovered from linked funds) (net of service tax)
Annexure to Revenue Account-Break Up of Unit Linked Business (UL) for the year ended 31st March 2009
38
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED
(Am
ount
in R
s. '0
00)
Link
ed Li
feLi
nked
Pen
sion
Link
ed G
roup
Curr
ent Y
ear
Sl. N
o.Pa
rtic
ular
sNo
n-Un
itUn
itTo
tal
Non-
Unit
Unit
Tota
lNo
n Un
itUn
itTo
tal
(1)
(2)
(3)=
(1)+
(2)
(4
)(5
)(6
)=(4
)+(5
)(7
)(8
)(9
)=(7
)+(8
)(1
0)=(
3)+(
6)+(
9)
1In
sura
nce
Clai
ms
(a)
Clai
ms b
y Dea
th1,
216,
238
430,
200
1,64
6,43
8-
21,4
5721
,457
--
-1,
667,
895
(b)
Clai
ms b
y Mat
urity
--
--
--
--
--
(c)
Annu
ities
/ Pe
nsio
n pa
ymen
t-
--
--
--
--
-(d
)Ot
her b
enef
its- S
urre
nder
-3,
954,
914
3,95
4,91
4-
140,
372
140,
372
-80
5,37
480
5,37
44,
900,
660
- Sur
viva
l-
--
--
--
--
-Su
b To
tal (
A)1,
216,
238
4,38
5,11
45,
601,
352
-16
1,82
916
1,82
9-
805,
374
805,
374
6,5
68,5
552
Amou
nt C
eded
in re
insu
ranc
e(a
)Cl
aim
s by D
eath
(50,
785)
-(5
0,78
5)-
--
--
-(5
0,78
5)(b
)Cl
aim
s by M
atur
ity-
--
--
--
--
-(c
)An
nuiti
es /
Pens
ion
paym
ent
--
--
--
--
--
(d)
Othe
r ben
efits
- Sur
rend
er-
--
--
--
--
-- S
urvi
val
--
--
--
--
--
Sub
Tota
l (B)
(50,
785)
-(5
0,78
5)-
--
--
-
(50,
785)
TOTA
L (A)
- (B
)1,
165,
453
4,38
5,11
45,
550,
567
-16
1,82
916
1,82
9-
805,
374
805
,374
6,51
7,77
0Be
nefit
s pai
d to
clai
man
ts:
In In
dia
1,16
5,45
34,
385,
114
5,55
0,56
7-
161,
829
161,
829
-80
5,37
480
5,37
46,
517,
770
Outs
ide
Indi
a-
--
--
--
--
-TO
TAL (
UL2)
1,16
5,45
34,
385,
114
5,55
0,56
7-
161,
829
161,
829
-80
5,37
480
5,37
46,
517,
770
(Am
ount
in R
s. '0
00)
Link
ed Li
feLi
nked
Pen
sion
Link
ed G
roup
Prev
ious
Yea
rSl
. No.
Part
icul
ars
Non-
Unit
Unit
Tota
lNo
n-Un
itUn
itTo
tal
Non
Unit
Unit
Tota
l (1
)(2
)(3
)=(1
)+(2
)
(4)
(5)
(6)=
(4)+
(5)
(7)
(8)
(9)=
(7)+
(8)
(10)
=(3)
+(6)
+(9)
1In
sura
nce
Clai
ms
(a)
Clai
ms b
y Dea
th53
8,12
8 26
6,82
780
4,95
5-
27,3
2827
,328
--
-83
2,28
3(b
)Cl
aim
s by M
atur
ity-
--
--
--
--
-(c
)An
nuiti
es /
Pens
ion
paym
ent
--
--
--
--
--
(d)
Othe
r ben
efits
- Sur
rend
er-
6,46
3,15
46,
463,
154
-43
7,98
643
7,98
654
47,1
2247
,176
6,94
8,31
6- S
urvi
val
--
--
--
--
--
Sub
Tota
l (A)
538,
128
6,72
9,98
17,
268,
109
-46
5,31
446
5,31
454
47,1
2247
,176
7,
780,
599
2Am
ount
Ced
ed in
rein
sura
nce
(a)
Clai
ms b
y Dea
th(8
,718
)-
(8,7
18)
--
--
--
(8,7
18)
(b)
Clai
ms b
y Mat
urity
--
--
--
--
--
(c)
Annu
ities
/ Pe
nsio
n pa
ymen
t-
--
--
--
--
-(d
)Ot
her b
enef
its- S
urre
nder
(1)
-(1
)-
--
--
-(1
)- S
urvi
val
--
--
--
--
--
Sub
Tota
l (B)
(8,7
19)
-(8
,719
)-
--
- -
-
(8,7
19)
TOTA
L (A)
- (B
)52
9,40
96,
729,
981
7,25
9,39
0 -
465,
314
465,
314
5447
,122
47,1
767,
771,
880
Bene
fits p
aid
to cl
aim
ants
:In
Indi
a52
9,40
96,
729,
981
7,25
9,39
0-
465,
314
465
,314
5447
,122
4
7,17
67,
771,
880
Outs
ide
Indi
a -
--
--
--
--
- T
OTAL
(UL
2)52
9,40
9 6
,729
,981
7,25
9,39
0-
465,
314
465,
314
5447
,122
47,1
767,
771,
880
Sche
dule
- UL
2 :
Bene
fits P
aid
(net
) A
nn
exu
re t
o R
even
ue
Acc
ou
nt-
Bre
ak U
p o
f Un
it L
inke
d B
usi
nes
s (U
L) fo
r th
e ye
ar e
nd
ed 3
1st
Mar
ch 2
00
9Annual Report 2008-2009
39
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED
Schedules forming part of financial statements for the year ended 31st March 2009 (continued)
Schedule - 16 : Notes to financial statements
Background
1. Significant Accounting Policies followed by the Company
Basis of Preparation
Use of Estimates
a) Revenue Recognition
Premium Income
Bajaj Allianz Life Insurance Company Limited (“the thCompany”) was incorporated on 12 March 2001 as a
Company under the Companies Act, 1956. The Company obtained a license from the Insurance Regulatory and Development Authority (“IRDA”) for carrying on the business
rdof life insurance on 3 August 2001. The registration certificate granted by IRDA is valid and the same has been renewed for the year 2009- 2010. The Company has a wide range of products in traditional and unit-linked insurance business.
The accompanying financial statements have been prepared and presented under the historical cost convention, on the accrual basis of accounting, in compliance with the accounting standards ('AS') issued by the Institute of Chartered Accountants of India ('ICAI'), to the extent applicable, and in accordance with the provisions of the Insurance Act, 1938, the Insurance Regulatory and Development Authority (Preparation of Financial Statements and Auditor's Report of Insurance Companies) Regulations, 2002 ('the Regulations'), Insurance Regulatory and Development Authority Act, 1999, various circulars issued by IRDA and the Companies Act, 1956 to the extent applicable and the practices prevailing in the insurance industry in India. The accounting policies have been consistently applied by the Company.
The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue and expenses and disclosure of contingent liabilities as on the date of financial statements. The estimates and assumptions used in the accompanying financial statements are based upon management's evaluation of the relevant facts and circumstances as of the date of the financial statements. Actual results could differ from those estimates. Any revision to accounting estimates is recognized prospectively in current and future periods.
Revenues are recognised as under. However recognition is postponed where ultimate collectibility lacks reasonable certainty.
Premium is recognised as income when due. For linked business, premium is recognized when the associated units are allotted.
Premium on lapsed policies is recognized as income when such policies are reinstated.
In case of linked business, top up premiums paid by policyholders are unitized and considered as single premium. This premium is recognised when associated units are allotted.
Commission received on reinsurance ceded is recognized as income in the period in which reinsurance premium is ceded.
Interest income is recognised on an accrual basis.
Dividend income is recognized when the right to receive dividend is established.
Premium or discount on acquisition, as the case may be, in respect of fixed income securities, pertaining to non-linked investments is amortized on constant yield to maturity basis over the period of maturity/holding and offset against interest income.
Profit/loss on sale/redemption of securities other than linked investments is recognized on trade/redemption date and includes effects of accumulated fair value changes, as applicable and previously recognised, for specific investments sold/redeemed during the year. Cost of security is determined on first in first out cost basis.
The realized gains or losses on the debt securities for other than linked business is the difference between the net sale consideration and the amortized cost in the books of the Company as on date of sale.
The realized gains or loss on equity shares and mutual fund units for other than linked business is the difference between the net sale consideration and the cost in the books of the Company.
The realized gain or loss on securities held for linked business is the difference between the net sale consideration and the weighted average cost as on the date of sale.
Fund Management Charges, Fund Administration Charges and Cost of Insurance are accounted for on accrual basis in accordance with terms and conditions described in the issued policies.
Rent income earned from real estate is recognized on an accrual basis.
Reinsurance premium ceded is accounted in accordance with the treaty with reinsurers.
Death and surrender claims are accounted for on receipt of intimation. Maturity claims are accounted when due for payment. Reinsurance recoveries are accounted for in the same period as the related claims and netted off against the claim expense incurred.
Repudiated claims disputed before judicial authorities are provided for based on the best judgment of the management considering the facts and evidence in respect of each such claim.
Withdrawals under unit linked policies are accounted in respective schemes when the associated units are cancelled.
Acquisition costs such as commission, policy issue expenses etc. are costs that vary with and are primarily relatable to the
Income earned on investments
b) Reinsurance premium
c) Benefits Paid (Including Claims)
d) Acquisition Costs
rdIRDA Registration No. 116 dated 3 August, 2001
40
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED
acquisition of new and renewal insurance contracts. Such costs are expensed in the year in which they are incurred. Accounting for additional first year commission is done on an accrual basis, after considering estimated lapsations. Claw back in future, if any, for the first year commission paid, will be accounted for in the year in which it is recovered.
(i) The Company provides for liabilities in respect of all “in force” policies and “lapsed policies” that are likely to be revived in future, based on actuarial valuation done by the Appointed Actuary as per gross premium method in accordance with accepted actuarial practices, requirements of IRDA and Actuarial Society of India.
(ii) Liabilities in respect of unit linked policies which have lapsed and are not likely to be revived, are shown as a separate item under the head “funds for future appropriations”, until expiry of the revival period. This is as per IRDA Circular No. 041/IRDA/ACTL/MAR-2006
thdated 29 March 2006.
(iii) Linked liabilities comprise of unit liability representing the fund value of policies and non-unit liability for meeting insurance claims etc. This is based on an actuarial valuation carried out by the Appointed Actuary.
Actuarial policies and assumptions are given in Note 8 below.
Investments are made in accordance with the Insurance Act, 1938, the Insurance Regulatory and Development Authority (Investment) Regulations, 2000, as amended and circulars / notifications issued by IRDA from time to time.
Investments are recorded on trade date at cost, which includes brokerage and related taxes, if any and excludes pre-acquisition interest, if any.
i) Classification
Investments maturing within twelve months from the Balance Sheet date and investments made with the specific intention to dispose of within twelve months from Balance Sheet date are classified as short-term. Investments other than short term are classified as long-term investments.
Investments are specifically procured and held for policyholders and shareholders independently and the income relating to these investments is recognized in the Revenue Account and Profit and Loss Account respectively.
ii) Valuation – Shareholders' investments and non-linked policyholders' investments
All debt securities are considered as 'held to maturity' and accordingly stated at historical cost adjusted for amortization of premium or accretion of discount on constant yield to maturity basis over the period held to maturity / sale.
Listed equity shares and mutual fund units are stated at fair value, in accordance with IRDA Investment (Amendment) Regulations 2001. Fair value for listed
e) Liability for life policies
f) Investments
equity shares is the lower of the last quoted closing price on the National Stock Exchange (NSE) and The Stock Exchange, Mumbai (BSE). Fair value for mutual fund units is the net asset value on the Balance Sheet date. Unrealized gains/losses on changes in fair values of listed equity shares and mutual funds are taken to the Fair Value Change Account and carried forward in the Balance Sheet.
Investment in real estate properties is valued at cost, subject to revaluation once in three years.
iii) Valuation – linked business
Listed equity shares are valued at fair value, being the last quoted closing price on the NSE. In case the equity shares are not listed on the NSE, then they are valued on the last quoted closing price on BSE.
Government securities are valued at prices obtained from Credit Rating Information Services of India Ltd. (CRISIL).
Corporate bonds and debentures are valued on the basis of CRISIL Bond Valuer.
Treasury bills, certificate of deposits and commercial papers are valued at cost plus accretion at constant yield to maturity.
Mutual fund units have been valued at the last available Net Asset Value declared by the respective mutual fund.
iv) Transfer of investments
Transfer of investments from Shareholders' Fund to the Policyholders' Fund is at book value or market price; whichever is lower.
Transfer of debt securities is at lower of amortised cost or market price.
Inter fund transfer of Treasury Bills, Certificate of Deposits and Commercial Papers between unit linked funds is done at cost plus accretion. All other transfer of investments between unit linked funds is done at market price.
Loans are stated at historical cost, subject to provision for impairment, if any.
Fixed assets are stated at cost of acquisition less accumulated depreciation. Cost of acquisition includes incidental expenses relating to acquisition and installation. In respect of liabilities incurred in acquisition of fixed assets in foreign exchange, the net gain or loss arising on conversion/settlement is charged to Revenue Account.
Intangible assets comprising software are stated at cost less amortization.
Depreciation / amortisation is provided on Straight Line Method (SLM) with reference to the management's assessment of the estimated useful life of the assets or the rates specified by the Schedule XIV of the Companies Act, 1956, whichever is higher.
g) Loans
h) Fixed Assets and Depreciation
Annual Report 2008-2009
41
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED
Schedule - 16 : Notes to financial statements
Depreciation / amortisation is provided at the following rates:
Asset Class Rate of Depreciation / Depreciationamortisation as per Sch.
XIV (SLM)Intangibles - Computer Software 33.33% p.a. 16.21% p.a.Leasehold Improvements Over the Over the
balance balanceperiod of Lease period of Lease
Buildings 2.00% p.a. 1.63% p.a.Electrical Fittings 6.33% p.a. 4.75% p.a.Furniture & Fittings 6.33% p.a. 6.33% p.a.Information Technology Equipment 33.33% p.a. 16.21% p.a.Air Conditioner 10.00% p.a. 4.75% p.a.Vehicles 20.00% p.a. 7.07% p.a.Office Equipment 25.00% p.a. 4.75% p.a.
Rate of
The Company provides pro rata depreciation from the month in which the asset is acquired / first put to use and upto the month in which the asset is sold/discarded.
Assets costing individually less than Rs 5,000 are charged off as revenue expenses. Assets costing Rs 5,000 and above, upto Rs 20,000, are fully depreciated in the year of acquisition.
The Company assesses at each Balance Sheet date whether there is any indication that an asset may be impaired. If any such indication exists, the Company estimates the recoverable amount of the asset. An impairment loss is recognized if such recoverable amount of the asset is less than its carrying amount. After impairment, depreciation is provided on the revised carrying amount of the assets over its remaining useful life.
Leases where the lessor effectively retains substantially all the risks and benefits of ownership over the leased term are classified as operating leases. Operating lease rentals are recognized as an expense in the profit and loss account/revenue account on a straight-line basis over the lease term.
The Company makes contributions to the defined contribution schemes such as Statutory Provident Fund, Employee Labour Welfare Fund, Employees' State Insurance Corporation and Employee Deposit Link Insurance Scheme at the prescribed rates. Contributions are charged to the Revenue Account of the year when the contributions to the funds are due.
The Company makes a contribution to the Bajaj Auto Employee Superannuation Scheme, a defined contribution scheme, for its eligible employees at fixed rates.
Impairment of Assets
i) Accounting for leases
Operating leases
j) Employee Benefits:
The Company's liability towards Gratuity, Leave Encashment and Long Term Incentive Plan being defined benefit plans is accounted for on the basis of independent actuarial valuations carried out at the year end and actuarial gains / losses related there to are charged to the Revenue Account. The actuarial method used for measuring the aforesaid liabilities is 'Projected Unit Credit Method'.
Transactions in foreign currency on account of revenue expenditure are accounted for at the rate prevailing at the date of the transactions. Current assets and liabilities are translated at the year-end closing rates. The resulting exchange gain or loss, if any, is reflected in the profit and loss account / revenue account.
Income Tax expense comprises current tax (i.e. amount of tax for the period determined in accordance with the income-tax law including Fringe Benefit Tax) and deferred tax charge or credit (reflecting the tax effects of timing differences between the accounting income and taxable income for the period).
Deferred tax is measured based on the tax rates and the tax laws enacted or substantively enacted at the balance sheet date. Deferred tax assets are recognised only to the extent that there is reasonable certainty that sufficient future taxable income will be available against which such deferred tax assets can be realised. In situations where the Company has unabsorbed depreciation or carry forward tax losses, all deferred tax assets are recognised only if there is virtual certainty supported by convincing evidence that they can be realised against future taxable profits.
At each balance sheet date the Company re-assesses unrecognised deferred tax assets. It recognises unrecognised deferred tax assets to the extent that it has become reasonably certain or virtually certain, as the case may be that sufficient future taxable income will be available against which such deferred tax assets can be realised.
The Company creates a provision when there is present obligation as a result of a past event that probably requires an outflow of resources and a reliable estimate can be made of the amount of the obligation. A disclosure for a contingent liability is made when there is a possible obligation or a present obligation that may, but probably will not, require an outflow of resources. When there is a possible obligation or a present obligation in respect of which the likelihood of outflow of resources is remote, no provision or disclosure is made.
Service Tax liability on premium and charges are setoff against available service tax credits from service tax payments made for Insurance Auxiliary and other eligible services. Unutilised credits, if any, are carried forward under "Advances and other Assets" for adjustments / setoff in subsequent periods, after creating a provision based on estimated realization of the unutilised credit. Such provisions are subsequently reversed
k) Transactions in Foreign Currency
l) Taxation
m) Provisions and Contingent liabilities
n) Service Tax
Schedules forming part of financial statements for the year ended 31st March 2009 (continued)
rdIRDA Registration No. 116 dated 3 August, 2001
42
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED
only on virtual certainty that the credits will be utilized in future periods.
Basic earnings per share is calculated by dividing the net profit or loss for the year attributed to equity shareholders by the weighted number of equity shares outstanding during the year.
For the purpose of calculating diluted earnings per share, the net profit or loss for the year attributable to equity shareholders and the equity weighted number of shares outstanding during the year are adjusted for effects of all dilutive equity shares.
The Company's reportable segments are business segments which have been identified in accordance with the regulations. The operating expenses, investments and other income attributable to the business segments are allocated as mentioned in Note 10. Segment revenues and results have been disclosed in the Financial Statements itself. Segment assets and liabilities have been identified to the extent possible in the following table. There are no reportable geographical segments since the company provides services to customers in the Indian market only and does not distinguish any reportable regions within India.
Statutory disclosures as required by the Regulations
o) Earnings per share
p) Segment Reporting
2. Contingent Liabilities
(Rupees '000)
Particulars As at 31stMarch 2009 March 2008
Partly-paid up investments Nil NilUnderwriting commitments outstanding Nil NilClaims, other than those under policies, not acknowledged as debts 1,606 1,070Guarantees given by oron behalf of the company Nil NilStatutory demands/liabilities in dispute, not provided for * 7,064 7,064Reinsurance obligations tothe extent not provided for in accounts Nil NilClaims, under policies,not acknowledged as debts 61,143 70,728
As at 31st
* The Service Tax department has issued an order on the Company for Rs 7,064 thousand (excluding interest), pertaining to the period August 2002 to 31st December 2004. The Company has filed an appeal against the order with the Customs, Excise and Service Tax Appellate Tribunal.
There are no assets required to be deposited by the Company under any local law or otherwise encumbered in or outside India except investments to be held under
3.
Section 7 of the Insurance Act, 1938 as discussed under Note 6. There are no assets subject to restructuring.
There are no commitments made and outstanding for loans and investments. The commitments made and outstanding for fixed assets amount to Rs.314,895 thousand (Previous Year Rs. 342,754 thousand) (net of advances).
Value of unsettled contracts relating to investments as at 31st March 2009 for:
(Rupees '000)
4.
5.
Linked Business Business
st31 March2009 2008 2009 2008
Purchases where deliveries are pending 2,745,424 1,120,876 NIL NILSales where receipts are overdue 919,539 163,959 NIL NIL
Non-linked
st st st31 March 31 March 31 March
6. Investments as required to be maintained under Section 7 of the Insurance Act, 1938 are as follows:
(Rupees '000)st31 March
2009 20087.55% Govt. of India - 50,724Securities 2010(Face Value Rs. 50,000)11.99% Govt. of India - 52,609Securities 2009(Face Value Rs. 50,000)8.32% Govt. of India 157,300 -Securities 2032*(Face Value Rs. 150,000)
st31 March
* This investment is in the custody of Deutsche Bank India Branches in the Constituent Subsidiary General Ledger ('CSGL') account.
All investments are performing investments.
The details of the managerial remuneration included in employee remuneration and welfare benefits are as follows:
(Rupees '000)
7. Managerial remuneration
st st31 March 31 March2009 2008
Salary 14,835 8,696Perquisites 793 618
The managerial remuneration is in accordance with the approval accorded by a resolution of the Board of Directors and IRDA as required under Section 34A of the Insurance Act,1938.
Expenses towards gratuity and leave encashment are determined actuarially on an overall Company basis annually and accordingly have not been considered in above information
Annual Report 2008-2009
43
Particulars
Particulars
Particulars
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED
Schedule - 16 : Notes to financial statements
*Mr. Sam Ghosh (till 30th September 2007) and Mr. Kamesh stGoyal (w.e.f. 1 October 2007)
Liabilities for life insurance policies are determined by the Appointed Actuary in accordance with IRDA regulations and relevant guidance notes of Institute of Actuaries of India.
Non-linked business is reserved using a prospective gross premium method of valuation. The non-linked business is predominantly participating and reserves are established having regard to assumptions as to future experience, including the interest that will be earned on premiums not yet received, together with associated bonus rates. Regular premium participating business is reserved using an interest rate of 7.20% per annum and the corresponding rate of interest used for last year valuation is 7.50%.
Single premium participating business is reserved using a rate of 6.25% per annum which is same as used in valuation as at 31st March 2008. The rate is determined after having regard to the yield being obtained on relevant matching assets.
Assumptions as to future bonus rates are set to be consistent with the interest rate assumptions. Provision has been made for a bonus distribution in respect of business inforce at the valuation date on a basis considered appropriate by the appointed actuary having taken into account the reasonable expectations of policyholders.
Linked business is reserved using the per unit net asset value of units plus a non unit reserve to allow for costs of insurance and any expenses and commissions in excess of future charges.
Mortality assumptions are based on the published IALM (1994-1996) Ultimate Mortality Table with adjustment to reflect expected experience and with an allowance for adverse deviation.
Assumptions for morbidity and for the incidence of accidental death are based on terms available from reinsurers and the standard morbidity rate table CIBT(94-96).
The reserve is sufficient to allow for any adverse lapse experience. The reserve has been always sufficient to meet minimum statutory surrender value.
Commission has been allowed for at the Company's table rates with an allowance for service tax. Maintenance expenses have been allowed for in accordance with business plan assumptions and product filing with the IRDA. An additional reserve has been included to allow for possible adverse deviations in experience in excess of offsetting adjustments in bonus rates and to allow for the contingency of closure to new business as is required by guidance notes(GN1) issued by the Institute of Actuaries of India.
There is a small amount of Group Term Business at the valuation date, reserves for which have been calculated having regard to the unearned gross premium and expenses already incurred.
8. Actuarial Valuation
Provision has been made for the possible revival of policies, which have lapsed before the valuation date, having regard to the experience of the Company. As per IRDA circular No: 041/IRDA/ACTL/MAR-2006 dated 29th March 2006, a reserve for lapsed unit linked policies not likely to be revived is held as a separate item under the head “Funds for Future Appropriations”.
The Appointed Actuary is satisfied that the nature and extent of reinsurance arrangements require no additional reserve to be set aside. All reserves have been calculated using gross exposure and gross office premiums.
The Appointed Actuary confirms, as is required by the IRDA, that the reserve is sufficient to provide for adverse “free look” experience based on assumptions and experience.
Claims settled and remaining unpaid for a period of more than six months at year-end amount to Rs. Nil (Previous Year: Rs Nil.)
Operating expenses relating to insurance business are allocated to specific business segments as under:
(a) Expenses, which are directly identifiable, are allocated on an actual basis.
(b) Other operating expenses, which are not directly identifiable are apportioned based on a combination of:
• New Business Regular Premium;
• New Business Single Premium; and
• Renewal Premium
Expenses directly attributable to shareholders are charged to the Shareholders' Account.
i. Defined Contribution Plans
The Company has recognized following amounts in the Revenue Account for the year –
(Rs.'000)
9. Claims
10. Allocation of expenses
11.
12. Accounting Standard AS15 (Revised) Employee Benefits
Sr. Particulars 31 March 31 MarchNo. 2009 20081. Contribution to Employees
Provident Fund 205,199 184,2082. Contribution to
Superannuation Fund 2,201 1,9363. Contribution to Labour
Welfare Fund, EDLI 3,772 3,3764. Contribution to ESIC 25,362 18,918
ii. Defined Benefit Plans / Compensated absences – as per Actuarial Valuation on March 31, 2009
a) Reconciliation of opening and closing balances of the present value of the Defined Benefit Obligation (DBO):
Schedules forming part of financial statements for the year ended 31st March 2009 (continued)
rdIRDA Registration No. 116 dated 3 August, 2001
44
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED
(Rs.'000)
Particulars - Gratuity 31 March 2009 31 March 2008
Present value of Defined 88,594 64,026Benefit Obligation at the beginning of the yearInterest cost 11,222 7,701Current service cost 60,006 39,200Actuarial Losses / ( Gains) (3,717) 14,045Benefits paid (47,227) (36,378)Present value of Defined 108,877 88,594Benefit Obligation at the close of the year
b) A reconciliation of the opening and closing balances of the fair value of plan assets:
(Rs.'000)
Particulars - Gratuity 31 March 2009 31 March 2008
Fair value of Plan Assets at the beginning of the yearAdd :Expected return on Plan Assets 5,701 1,859Add / (Less) : Actuarial (700) 3,633Gains / (Losses)Add : Contributions 8,054 82,066Less: Benefits Paid (47,227) (36,377)Fair value of Plan Assets at 54,421 88,594the close of the yearActual Return on Plan Assets 5,001 5,492
88,594 37,413
c) Net (Assets) /Liabilities recognized in the Balance Sheet as on March 31, 2009:
(Rs.'000)
Particulars - Gratuity 31 March 2009 31 March 2008
Present value of Defined Benefit obligationLess: Fair value of Plan Assets (54,421) 88,594Present value of unfunded Nil Nilobligation Net Liability / ( Asset) 54,456 Nilrecognized in the Balance sheet
108,877 88,594
d) Total expenses recognized in the Revenue Account:(Rs.'000)
Particulars - Gratuity 31 March 2009 31 March 2008Current Service CostInterest Cost 11,222 7,701Expected return on (5,701) (1,859)Plan AssetsActuarial Losses / ( Gains) (3,017) 10,412Past service costs Nil NilEffect of curtailment / Nil NilsettlementAdjustments for earlier years Nil NilRecognized in the 62,509 55,454Revenue Account
60,006 39,200
The above have been included under the line item “Employees' remuneration, welfare benefits and other manpower costs” in Schedule 3.
e) Major categories of plan assets as a percentage of total plan assets:
(Rs.'000)
Particulars - Gratuity 31 March 2009 31 March 2008
Insurer Managed Funds 54,421 88,594
f) Actuarial Assumptions:(Rs.'000)
Particulars - Gratuity 31 March 2009 31 March 2008
Discount Rate 7.11% 8.25%Expected rate of return on 7.50% 7.50%Plan AssetsSalary Escalation rate -- 6% 6%Management Staff
g) Future salary increases considered in actuarial valuation take into account inflation, seniority, promotion and other relevant factors, such as supply and demand in the employment market.
h) Expected rate of return on plan assets is on the basis of average long term rate of return expected on investments of the fund during the estimated term of obligation.
i) Para 132 of AS 15 does not require any specific disclosures except where expense resulting from Compensated Absence is of such size, nature or incidence that its disclosure is relevant under Accounting Standard 5 or Accounting Standard 18. In the opinion of management the expense resulting from Compensated Absence is not significant and hence no disclosures are prepared under various paragraphs of AS15.
13. Percentage of business sector-wise
ParticularsNumber
of Policies of policies of Policies of policiesRural 808,387 31.21% 961,196 25.67%Urban 1,781,556 68.79% 2,783,150 74.33%
Current Year Previous YearPercentage Number Percentage
Current Year Previous YearNo. of No of No. of No of Lives Policies Lives Policies
Social 6,145,044 20 1,608,948 21
14. Percentage of risk retained and risks reinsured
Particulars Current Year Previous YearSum at Percentage Sum at Percentage
risk riskRisk retained 2,217,005,893 93.64% 1,107,972,936 91.03%Risk reinsured 150,656,502 6.36% 109,237,887 8.97%
(Rs.'000)
Annual Report 2008-2009
45
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED
Schedule - 16 : Notes to financial statements
Particulars
Profit/(Loss) after tax (Rs.'000) (706,812) (2,138,905)Basic earnings before extra- (706,812) (2,138,905)ordinary items [A] (Rs.'000)Basic earnings after extra- (706,812) (2,138,905)ordinary items [B] (Rs. '000)Weighted average no. of 150,709,000 150,401,109equity shares (par value of Rs 10 each) [C]Basic earnings per equity (4.69) (14.22)share [A/C] (Rs)Basic earnings per equity share (4.69) (14.22)excluding extraordinary items [B/C] (Rs)
31 March 31 March2009 2008
31 March 31 March2009 2008
Not later than one year 324,858 234,595Later than one year not later than five years 225,263 224,021Later than five years 7,085 25,209
(Rupees '000)
i) There are no transactions in the nature of sub leases.
ii) Payments recognized in the Revenue account for the year ended 31st March 2009, are Rs 441,211 thousand (Previous Year Rs. 311,331 thousand).
iii) The period of agreement is generally for three years and renewable thereafter at the option of the lessee.
15.
16.
17.
18.
During the year the shareholders transferred funds to Policyholders' Account, to make good the deficit, which existed in the Policyholders' Account and transfer to reserve. The necessary approvals of the shareholders for the said transfer have been taken at the Extra Ordinary General Meeting of the shareholders held on 11th May 2009.
Reinsurance is in place on lives where cover is in excess of the Company's retention limit and this has been reflected in the Accounts.
As per Accounting Standard 18 issued by the Institute of Chartered Accountants of India, disclosures of transactions with the related parties have been set out in a separate statement annexed to this schedule as Appendix I. The related parties, in respect of which the disclosures have been made, have been identified on the basis of disclosures made by the key managerial persons and taken on record by the Board of Directors.
In accordance with Accounting Standard (AS 20) – on Earnings per Share (EPS), the following table reconciles the numerator and denominator used to calculate basic/diluted earnings per share.
As there were no dilutive equity shares issued, or potential equity shares, no reconciliation between the denominator used for computation of basic and diluted earnings per share is necessary.
The Company has entered into agreements in the nature of Lease/ Leave and Licence Agreements with different lessors / licensors for the purpose of establishment of office premises. These are generally in the nature of operating leases/ leave and licenses and disclosure required as per Accounting Standard 19 with regard to the above is as under:
19. Operating lease commitments
rdIRDA Registration No. 116 dated 3 August, 2001
Schedules forming part of financial statements for the year ended 31st March 2009 (continued)
46
Particulars
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED
Particulars Reported in Previous figures reported Schedule No. Schedule No.year in current year
Provisions for Long Term Liabilities) employee relatedIncentive Plan provisions togetherSundry 5,964,059 5,910,554 (53,505) 13 (Current To disclose (56,974)Creditors Liabilities) 14 (Provisions) employee related
provisions together12 (Advances 13 (Current Grossing up 3,469and other Liabilities) of balancesAssets) under Deposit
(53,505) (53,505)
Previous year Difference From To Reasons Amount
- 56,974 56,974 13 (Current 14 (Provisions) To disclose 56,974
Deposits 254,686 169,540 (85,146) 12 (Advancesand other Bank Balances) bank relatedAssets) balance from
Deposit to currentaccount
12 (Advances 12 (Advances Reclassification of (142,983)and other and other others receivablesAssets) Assets) from Deposit to
Other Assets12 (Advances 13(Current Grossing up of 3,469and other Liabilities) balances underAssets) Deposit
(85,146) (85,146)Others 1,714 144,697 142,983 12 (Advances 12 (Advances Reclassification of 142,983
and other and other others receivablesAssets) Assets) from Deposit to
Other AssetsCash (including 798,551 744,183 (54,368) 12 (Advances 11(Cash and Reclassification of (54,368)cheques, drafts and other Bank Balances) balance fromand stamps) Assets) Deposit to Cash
(including cheques,drafts and stamps)
11 (Cash and Reclassification of 54,368
These re-groupings do not affect previously reported Surplus as per Revenue Account and Loss as per Profit and Loss Account.
20. Previous year figures have been regrouped where possible and wherever necessary to make them comparable with those of the current year. Summary of amounts of the previous year which have been regrouped is as follows:
Annual Report 2008-2009
47
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED
Schedules forming part of financial statements for the year ended 31st March 2009 (continued)
21 : Segment Reporting
Credit/(Debit) Fair Value Change Account 7,014 7,014 - - - - - - - - - - -
Policy Liabilities 17,998,207 11,319,055 350,390 191,904 106,164 101,389 1,222,238 4,501,717 194,008 1,695 9,647 - -
Provision for linked liabilities 140,652,998 - - - - - - 131,658,111 6,198,277 384,503 2,412,107 - -
Funds for Future Appropriations 1,071,987 918,099 1,860 43,964 94,719 2,708 9,996 - - 641 - - -
Reserve for unit linked policies not likely to be revived 3,951,268 - - - - - - 3,951,268 - - - - -
Loans 76,970 76,970 - - - - - - - - - - -
Investments 30,912,362 12,244,503 354,548 238,972 201,337 104,611 1,240,846 8,473,612 337,669 2,439 18,611 7,695,214 -
Assets Held to Cover Linked Liabilities 140,652,998 - - - - - - 131,658,111 6,198,277 384,503 2,412,107 - -
Fixed Assets 1,644,417 - - - - - - - - - - - 1,644,417
Cash and bank balances 3,552,963 - - - - - - - - - - - 3,552,963
Advances & Other Assets Outstanding Premium 268,465 248,279 5,161 8,045 6,880 100 - - - - - - - Due from Other Entities carrying on Insurance business 21,567 20,795 - 772 - - - - - - - - - Income accrued on investments 697,418 330,513 5,427 3,053 3,067 1,394 14,854 144,388 10,720 25 471 183,506 - Other Assets 840,973 - - - - - - - - - - - 840,973
Current LiabilitiesAgents Balance 2,707,151 139,329 342 4,641 12,035 45 50,282 2,442,982 57,495 - - - - Balance due to other Insurance Companies 70,312 25,945 360 - 25,593 - 8,511 9,903 - - - - - Sundry Creditors 3,110,997 17,126 383 886 - 395 - - - - - - 3,092,207 Claims Outstanding 253,700 30,892 73 3,545 9,746 - 39,748 168,311 1,385 - - - - Premium received in advance 211,051 7,051 56 90 25 - - 200,798 3,031 - - - - Premium & Other Deposits 903,774 - - - - - - - - - - - 903,774 Temporary overdraft as per books of accounts 795,371 - - - - - - - - - - - 795,371
Provisions 433,509 - - - - - - - - - - - 433,509
Particulars Current Year Participating Policyholders' Non - Participating Policyholders' Unit Linked Policyholders' Shareholders' UnallocatedTotal Individual Individual Individual Individual Individual Group Individual Individual Group Super- Group
Assuarance Pension Assuarance Health Annuity Assurance Assuarance Pension annuation Gratuity
rdIRDA Registration No. 116 dated 3 August, 2001
48
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED
(Amount in Rs. '000)
Credit/(Debit) Fair Value Change Account 7,014 7,014 - - - - - - - - - - -
Policy Liabilities 17,998,207 11,319,055 350,390 191,904 106,164 101,389 1,222,238 4,501,717 194,008 1,695 9,647 - -
Provision for linked liabilities 140,652,998 - - - - - - 131,658,111 6,198,277 384,503 2,412,107 - -
Funds for Future Appropriations 1,071,987 918,099 1,860 43,964 94,719 2,708 9,996 - - 641 - - -
Reserve for unit linked policies not likely to be revived 3,951,268 - - - - - - 3,951,268 - - - - -
Loans 76,970 76,970 - - - - - - - - - - -
Investments 30,912,362 12,244,503 354,548 238,972 201,337 104,611 1,240,846 8,473,612 337,669 2,439 18,611 7,695,214 -
Assets Held to Cover Linked Liabilities 140,652,998 - - - - - - 131,658,111 6,198,277 384,503 2,412,107 - -
Fixed Assets 1,644,417 - - - - - - - - - - - 1,644,417
Cash and bank balances 3,552,963 - - - - - - - - - - - 3,552,963
Advances & Other Assets Outstanding Premium 268,465 248,279 5,161 8,045 6,880 100 - - - - - - - Due from Other Entities carrying on Insurance business 21,567 20,795 - 772 - - - - - - - - - Income accrued on investments 697,418 330,513 5,427 3,053 3,067 1,394 14,854 144,388 10,720 25 471 183,506 - Other Assets 840,973 - - - - - - - - - - - 840,973
Current LiabilitiesAgents Balance 2,707,151 139,329 342 4,641 12,035 45 50,282 2,442,982 57,495 - - - - Balance due to other Insurance Companies 70,312 25,945 360 - 25,593 - 8,511 9,903 - - - - - Sundry Creditors 3,110,997 17,126 383 886 - 395 - - - - - - 3,092,207 Claims Outstanding 253,700 30,892 73 3,545 9,746 - 39,748 168,311 1,385 - - - - Premium received in advance 211,051 7,051 56 90 25 - - 200,798 3,031 - - - - Premium & Other Deposits 903,774 - - - - - - - - - - - 903,774 Temporary overdraft as per books of accounts 795,371 - - - - - - - - - - - 795,371
Provisions 433,509 - - - - - - - - - - - 433,509
Particulars Current Year Participating Policyholders' Non - Participating Policyholders' Unit Linked Policyholders' Shareholders' UnallocatedTotal Individual Individual Individual Individual Individual Group Individual Individual Group Super- Group
Assuarance Pension Assuarance Health Annuity Assurance Assuarance Pension annuation Gratuity
Annual Report 2008-2009
49
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED
21 : Segment Reporting
Particulars Previous Year Participating Policyholders' Non - Participating Policyholders' Unit Linked Policyholders' Shareholders' UnallocatedTotal Individual Individual Individual Individual Individual Group Individual Individual Group Super- Group
Assuarance Pension Assuarance Health Annuity Assurance Assuarance Pension annuation Gratuity
Credit/(Debit) Fair Value Change Account 99,460 - - - - - - - - - - -
Policy Liabilities 10,629,046 7,956,912 283,864 169,977 33,645 62,357 314,661 1,728,642 74,888 - 4,100 - -
Provision for linked liabilities 109,541,697 - - - - - - 102,438,036 4,974,370 324,221 1,805,070 - -
Funds for Future Appropriations 949,408 877,422 2,392 35,173 30,612 3,809 - - - - - - -
Reserve for unit linked policies not likely to be revived 2,960,433 - - - - - - 2,960,433 - - - - -
Loans 30,937 30,934 3 - - - - - - - - - -
Investments 26,145,823 8,974,379 287,815 205,672 64,511 66,586 314,840 4,690,975 75,066 2,244 4,880 11,458,855 -
Assets Held to Cover Linked Liabilities 109,541,697 - - - - - - 102,438,036 4,974,370 324,221 1,805,070 - -
Cash and bank balances 3,730,894 - - - - - - - - - - - 3,730,894
Fixed Assets 1,090,678 - - - - - - - - - - - 1,090,678
Advances & Other AssetsOutstanding Premium 233,726 221,989 4,833 6,904 - - - - - - - - - Due from Other Entities carrying on Insurance business 3,779 2,927 - 772 - - - 80 - - - - - Income accrued on investments 550,108 222,140 4,078 2,707 - 714 6,569 88,938 1,661 22 32 223,247 - Other Assets 580,293 - - - - - - - - - - - 580,293
Current LiabilitiesAgents Balance 1,774,831 35,325 152 327 3,559 19 1,590 1,714,550 19,309 - - - - Balance due to other Insurance Companies 18,869 4,061 239 903 2,508 - - 11,139 19 - - - - Sundry Creditors 5,910,554 9,708 355 150 - - - - - - - - 5,900,341 Claims Outstanding 218,655 26,265 57 637 89 - 21,544 169,976 87 - - - - Premium received in advance 170,855 923 3 24 8 - - 169,897 - - - - - Premium & Other Deposits 1,739,853 - - - - - - - - - - - 1,739,853 Payable - unsettled investment contracts 1,211 - - - - - - - - - - - 1,211 Temporary overdraft as per books of accounts 409,891 - - - - - - - - - - - 409,891
Provisions 275,464 - - - - - - - - - - - 275,464
99,460
Schedules forming part of financial statements for the year ended 31st March 2009 (continued)
rdIRDA Registration No. 116 dated 3 August, 2001
50
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED
(Amount in Rs. '000)
Particulars Previous Year Participating Policyholders' Non - Participating Policyholders' Unit Linked Policyholders' Shareholders' UnallocatedTotal Individual Individual Individual Individual Individual Group Individual Individual Group Super- Group
Assuarance Pension Assuarance Health Annuity Assurance Assuarance Pension annuation Gratuity
Credit/(Debit) Fair Value Change Account 99,460 - - - - - - - - - - -
Policy Liabilities 10,629,046 7,956,912 283,864 169,977 33,645 62,357 314,661 1,728,642 74,888 - 4,100 - -
Provision for linked liabilities 109,541,697 - - - - - - 102,438,036 4,974,370 324,221 1,805,070 - -
Funds for Future Appropriations 949,408 877,422 2,392 35,173 30,612 3,809 - - - - - - -
Reserve for unit linked policies not likely to be revived 2,960,433 - - - - - - 2,960,433 - - - - -
Loans 30,937 30,934 3 - - - - - - - - - -
Investments 26,145,823 8,974,379 287,815 205,672 64,511 66,586 314,840 4,690,975 75,066 2,244 4,880 11,458,855 -
Assets Held to Cover Linked Liabilities 109,541,697 - - - - - - 102,438,036 4,974,370 324,221 1,805,070 - -
Cash and bank balances 3,730,894 - - - - - - - - - - - 3,730,894
Fixed Assets 1,090,678 - - - - - - - - - - - 1,090,678
Advances & Other AssetsOutstanding Premium 233,726 221,989 4,833 6,904 - - - - - - - - - Due from Other Entities carrying on Insurance business 3,779 2,927 - 772 - - - 80 - - - - - Income accrued on investments 550,108 222,140 4,078 2,707 - 714 6,569 88,938 1,661 22 32 223,247 - Other Assets 580,293 - - - - - - - - - - - 580,293
Current LiabilitiesAgents Balance 1,774,831 35,325 152 327 3,559 19 1,590 1,714,550 19,309 - - - - Balance due to other Insurance Companies 18,869 4,061 239 903 2,508 - - 11,139 19 - - - - Sundry Creditors 5,910,554 9,708 355 150 - - - - - - - - 5,900,341 Claims Outstanding 218,655 26,265 57 637 89 - 21,544 169,976 87 - - - - Premium received in advance 170,855 923 3 24 8 - - 169,897 - - - - - Premium & Other Deposits 1,739,853 - - - - - - - - - - - 1,739,853 Payable - unsettled investment contracts 1,211 - - - - - - - - - - - 1,211 Temporary overdraft as per books of accounts 409,891 - - - - - - - - - - - 409,891
Provisions 275,464 - - - - - - - - - - - 275,464
99,460
Annual Report 2008-2009
51
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED
22 : Summary of Financial Statements
Sr. Particulars 2008-09 2007-08 2006-07 2005-06 2004-05 2003-04
Policyholders' Account 1 Gross premium income 106,245,213 97,253,110 53,452,422 31,335,778 10,016,752 2,207,985 2 Net premium income # 106,010,710 97,120,392 53,359,827 31,282,213 9,980,307 2,192,521 3 Income from investments (Net) @ (31,148,700) 7,001,918 3,096,821 312,417 84,409 45,178 4 Other Income 1,770,168 3,069,470 1,024,594 1,375,771 504,221 413,529 5 Total income 76,632,178 107,191,780 57,481,242 32,970,401 10,568,937 2,651,229 6 Commissions (Net) 10,515,493 14,968,622 9,466,813 3,418,670 1,458,351 504,424 7 Brokerage - - - - - - 8 Operating Expenses related to insurance business 18,757,915 20,043,360 10,730,189 4,868,110 2,154,636 1,323,717 9 Provisions for tax 157,738 93,313 73,054 41,020 - - 10 Total Expenses 29,431,146 35,105,295 20,270,056 8,327,800 3,612,987 1,828,141 11 Payment to policy holders* 7,565,608 8,516,733 6,987,347 6,536,048 565,451 27,917 12 Increase in actuarial liability** 38,480,462 61,589,436 28,845,060 17,488,362 6,416,858 745,854 13 Surplus/ Deficit from operations 1,154,962 1,980,316 1,378,779 618,191 (26,359) 49,317
Shareholders’ Account 14 Total income under Shareholders’ Account 906,749 795,036 277,123 106,879 88,271 135,93415 Profit/ (loss) before tax (706,727) (2,138,825) (717,006) (985,406) (367,515) (268,073)16 Provisions for tax 85 80 27 36 44 5717 Profit/ (loss) after tax (706,812) (2,138,905) (717,033) (985,442) (367,559) (268,130)18 Profit/ loss carried to Balance Sheet (5,605,846) (4,899,034) (2,760,129) (2,043,096) (1,057,654) (690,095)19 Miscellaneous
(A) Policyholders’ account:Total funds (including unit linked funds) 163,681,474 124,180,044 60,626,486 30,431,495 7,736,819 1,144,717Total investments (including unit linked investments) 163,870,146 124,228,665 60,919,159 30,459,323 7,736,825 1,144,717Yield on investments (%)(excluding unit linked investments) 8.99% 8.77% 7.17% 9.80% 7.20% 9.68%
(B) Shareholders’ account: Total funds (net of debit balance in Profit & Loss A/C) 6,500,794 7,207,708 4,245,236 2,955,263 1,616,518 1,790,826 Total investments 7,695,214 11,458,855 6,536,500 2,780,868 1,636,972 1,407,573 Yield on investments (%) 9.26% 8.66% 7.36% 5.80% 5.60% 9.68%
20 Yield on total investments(excluding unit linked investments) 9.08% 8.72% 7.24% 8.40% 6.30% 9.68%
21 Paid up equity capital 1,507,090 1,507,090 1,503,680 1,502,338 1,500,787 1,500,66022 Net worth 6,500,794 7,207,708 4,245,236 2,955,263 1,616,518 1,790,82623 Total Assets
(net of debit balance in Profit & Loss A/C) 170,182,268 131,387,754 64,871,722 33,386,758 9,353,337 2,935,54324 Earning per share (Rs.) (4.69) (14.22) (4.77) (6.56) (2.45) (1.79)25 Book value per share (Rs.) 43.13 47.83 28.23 19.67 10.77 11.93
Capital + Surplus/Loss divided by nos. of shares
# Net of reinsurance @ Net of losses * Inclusive of interim bonuses, if any ** Includes fund reserve since 2003-04
(Amount in Rs. '000)
Schedules forming part of financial statements for the year ended 31st March 2009
rdIRDA Registration No. 116 dated 3 August, 2001
52
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED Schedules forming part of financial statements for the year ended 31st March 2009
23 : Ratios (Expressed in number of times)
2008-09 2007-08
1 New business premium income growth (segment-wise)(New business premium for current year divided by new businesspremium for previous year)Participating 2.22 0.51Non Participating 4.31 1.27Unit Linked 0.64 1.58
2 Net retention ratio 0.998 0.999(Net premium divided by gross premium)
3 Ratio of expenses of management (**) 0.26 0.36(Expenses of management including commission divided by the total gross direct premium with Single Premium)
4 Ratio of expenses of management (**) 0.28 0.39(Expenses of management including commission expenses divided bythe total gross direct premium without Single Premium)
5 Commission ratio 0.10 0.15(Gross Commission paid to Gross premium)
6 Ratio of policy holders’ liabilities to shareholders’ funds 25.18 17.237 Growth rate of share holders’ funds 0.90 1.708 Ratio of surplus to policy holders’ liability (*) 0.01 0.029 Change in net worth 0.90 1.7010 Profit after tax/ Total income 0.00 0.0011 (Total Real Estate + Loans) / Cash & invested assets 0.004 0.00212 Total investments / (Capital + Surplus) 26.39 18.8313 Total affiliated investments/ (Capital + Surplus) 0.00 0.00
* Surplus including Contribution from Shareholders' account** Excluding Service tax borne by Unit linked policy holders'
24. The Revenue Account and Balance Sheet for unit linked business has been annexed to this schedule as Appendix II. Disclosure for ULIP Business as per Unit Linked Disclosure Norms issued vide Circular No. 054/IRDA/F & A/FEB-07 dated February 20, 2007, has been annexed to this schedule as Appendix III.
For Bajaj Allianz Life Insurance Company Limited
Rahul Bajaj Kamesh Goyal Niraj Bajaj Chairman Alternate Director and Director
Chief Executive OfficerSanjiv Bajaj S. H. Khan Ranjit Gupta Director Director Director Sanjay Asher Suraj Mehta Manu Tandon Director Director Director Rajesh Viswanathan Anil Singh Sameer Bakshi Chief Financial Officer Appointed Actuary Company Secretary &
Head - Legal &Compliance
Place : PunethDate : 11 May 2009
Schedules forming part of financial statements for the year ended 31st March 2009
Annual Report 2008-2009
53
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED
Related Party Disclosures
Appendix I Refer Schedule 16 Note 17
Sr. Related Party Relationship Current Year Previous YearNo. Amount Nature of Transaction Balance Amount Nature of Transaction Balance
Outstanding Outstandingas at 31st as at 31st
March 2009 March 2008Receivable/ Receivable/
(Payable) (Payable)
1 Bajaj Finserv Ltd. Holding 5,245 Deputation expenses of - - Deputation expenses of Advisor- -Company Advisor -Investments Investments -
- Amount contributed towards - 1,658 Amount contributed towards -capital capital
2 Bajaj Auto Ltd. Group - Deputation expenses of Advisor - - 4,722 Deputation expenses of Advisor - (1,211)(Now known as Company Investments InvestmentsBajaj Holdings 1,061 Insurance premium received - 1,546 Insurance premium received - and Investment 682 Insurance claims paid - 744 Insurance claims paid - Limited) - Amount contributed towards - 866 Amount contributed towards -
capital capital3 Bajaj Auto Group 47,720 Insurance premium received - 1,751 Insurance premium received -
Finance Ltd. Company 600 Insurance claims paid - 1,853 Insurance claims paid - 4 Bajaj Allianz Group 4,450 Insurance Premium Received (32,771) 3,887 Insurance Premium Received -
General Company 5,532 Insurance Premium payment - 7,435 Insurance Premium payment - Insurance Co. Ltd. 9,380 Reimbursement received of - 4,938 Reimbursement received of -
Revenue and Capital expenditure Revenue and Capital expenditure 42,151 Paid towards the Revenue and - 37,023 Reimbursement made of Revenue -
Capital expenditure and Capital expenditure 690 Insurance Claim Received - 236 Insurance Claim Received -
1,667 Insurance Claims Paid - 2,581 Insurance Claims Paid - 5 Bajaj Allianz Group 5,694 Reimbursement received of 8,588 3,394 Reimbursement received of 3,088
Financial Company Revenue Expenditure Revenue ExpenditureDistributors Ltd. 184,968 Revenue expenditure for - - -
Outsourced Employees cost. 2,012 Rent - - -
6 Allianz SE Shareholder 55,178 Revenue expenditure for OPUS - 97,257 Revenue expenditure for OPUS 1,172 1,467 Reimbursement received of - - Reimbursement received of -
Revenue Expenditure Revenue Expenditure - Amount contributed towards - 5,098,837 Amount contributed towards -
capital capital7 Allianz Insurance Group 12 Reimbursement received of 1,138 2,677 Reimbursement received of 953
Management Company Revenue Expenditure Revenue ExpenditureAsia Pacific 60 Reimbursement made of - 709 Reimbursement made of -Pte. Ltd. Revenue Expenditure Revenue Expenditure
8 Allianz SE Group 91,490 Reinsurance Premium Payable (68,934) 47,097 Reinsurance Premium Payable (14,071)Reinsurance Company 18,456 Reinsurance Commission 13,066 8,226 Reinsurance Commission 2,984Branch Asia Receivable ReceivablePacific. 4,782 Reinsurance profit Commission 4,782 - Reinsurance profit Commission -
Receivable Receivable 34,012 Reinsurance Claims Receivable 31,424 11,943 Reinsurance Claims Receivable 7,068
9 Allianz Life Group 582 Reimbursement made of - 121 Reimbursement made of (121)Insurance Company Revenue Expenditure Revenue ExpenditureMalaysia Berhad
10 Hind Musafir Group 270 Commission on Travel Expenses (539) 12 Commission on Travel Expenses -Agency Ltd. Company 345 Charges for Domestic Services - 23 Charges for Domestic Services (15)
11 IDS Gmbh Group 1,057 Remuneration for IDS serives (502) - Remuneration for IDS serives -Company
12 Allianz MENA Group 4,284 Reimbursement received of 1,222 - Reimbursement received of -Holding Co. SPC Company Revenue Expenditure Revenue Expenditure
13 Kamesh Goyal Key 15,628 Remuneration - 5,633 Remuneration -Management Personnel
14 Sam Ghosh Key - Remuneration - 3,681 Remuneration -(upto Management 30/09/2007) Personnel
(Amount in Rs.'000)
Schedules forming part of financial statements for the year ended 31st March 2009
rdIRDA Registration No. 116 dated 3 August, 2001
54
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED Appendix II Refer Schedule 16 Note 24
(Am
ount
in R
s. '0
00)
Sch
edul
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cele
rate
d Ac
c Mid
Cap
Acc M
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INCO
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Inte
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SOUR
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Polic
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Net C
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6
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8
Annual Report 2008-2009
55
stFu
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Mar
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Form
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pp
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Ref
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24
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED Annual Report 2008-2009
56
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nue
Acco
unt
Tota
l
Inve
stm
ents
F -2
Curr
ent A
sset
sF -
3Le
ss : C
urre
nt Li
abili
ties a
nd P
rovi
sions
F -4
Net C
urre
nt A
sset
s To
tal
(a)N
et A
sset
s as p
er B
alan
ce S
heet
(Rs.
in th
ousa
nds)
(b
)Num
ber o
f Uni
ts O
utst
andi
ng (i
n th
ousa
nds)
Ne
t Ass
et V
alue
per
uni
t (a)
/(b)
(Rs.
) *
138
,558
1
2,85
3 7
,203
5
03
2,2
57
12,
900
596
2
7,48
5 -
-
3
45
29
288
-
-
-
2
1,27
0 2
,060
4
3 1
8 4
55
2,4
16
2,3
31
79,
923
45,
599
6,3
23
(300
) (2
5) (2
29)
62
17,
114
8,0
11
(12,
958)
(1,4
74)
(801
) (2
9) (3
16)
-
(16,
924)
(681
) 6
8,44
0 6
,169
(6
,150
) (7
01)
(7,5
92)
6,5
82
10,
765
-
260
,909
2
5,93
1 3
40
(205
) (5
,137
) 2
1,96
0 1
3,88
2 1
14,7
38
-
-
-
-
-
-
-
12,
863
16,
715
1,5
25
1,4
00
97
621
4
,402
1
,430
1
0,29
1 2
41,0
63
3,0
49
4,3
62
311
1
,958
5
08
156
5
2,04
8 2
57,7
78
4,5
74
5,7
62
408
2
,579
4
,910
1
,586
7
5,20
2 3
,131
2
1,35
7 (5
,422
) (6
13)
(7,7
16)
17,
050
12,
296
39,
536
(63,
101)
6,7
33
6,1
11
514
4
,604
-
-
1
26,3
29
(59,
970)
28,
090
689
(9
9) (3
,112
) 1
7,05
0 1
2,29
6 1
65,8
65
3,2
70,1
47
369
,424
1
11,7
42
7,7
79
50,
832
808
,853
4
78,7
96
971
,015
(5
9,97
0) 2
8,09
0 6
89
(99)
(3,1
12)
17,
050
12,
296
165
,865
3
,210
,177
3
97,5
14
112
,431
7
,680
4
7,72
0 8
25,9
03
491
,092
1
,136
,880
2,9
92,3
48
351
,820
1
09,9
47
7,5
06
47,
332
735
,941
4
04,4
27
1,1
26,8
23
220
,279
4
5,96
3 2
,615
1
83
442
9
1,70
2 8
7,67
4 1
2,40
3 2
,450
2
69
131
9
5
4 1
,740
1
,009
2
,346
2
17,8
29
45,
694
2,4
84
174
3
88
89,
962
86,
665
10,
057
3,2
10,1
77
397
,514
1
12,4
31
7,6
80
47,
720
825
,903
4
91,0
92
1,1
36,8
80
3,2
10,1
77
397
,514
1
12,4
31
7,6
80
47,
720
825
,903
4
91,0
92
1,1
36,8
80
248
,556
,800
3
0,12
9,88
3 1
0,33
3,66
6 7
21,3
90
4,7
14,2
98
78,
975,
616
47,
235,
016
85,
603,
777
12.9
153
13.1
934
10.8
801
10.6
474
10.1
224
10.4
577
10.3
968
13.2
807
stFu
nd B
alan
ce S
heet
as a
t 31
Mar
ch 2
009
Form
A-B
S (U
L)A
pp
end
ix II
Ref
er S
ched
ule
16
No
te 2
4
stFu
nd R
even
ue A
ccou
nt fo
r the
yea
r end
ed 3
1 M
arch
200
9Fo
rm A
-RA
(UL)
Ap
pen
dix
II R
efer
Sch
edu
le 1
6 N
ote
24
Part
icul
ars
Part
icul
ars
rdIRDA Registration No. 116 dated 3 August, 2001
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED Appendix II Refer Schedule 16 Note 24
(Am
ount
in R
s. '0
00)
Sch
edul
eCa
shCa
shDe
btDe
btDe
btEq
uity
Equi
tyEq
uity
Plus
Plus
Fund
Pl
usPl
usFu
nd
Gain
Grow
thFu
nd
Pens
ion
Fund
Fu
nd
Pens
ion
Fund
Fu
nd
Fund
Part
icul
ars
(Am
ount
in R
s. '0
00)
Sch
edul
eCa
shCa
shDe
btDe
btDe
btEq
uity
Equi
tyEq
uity
Plus
Plus
Fund
Pl
usPl
usFu
nd
Gain
Grow
thFu
nd
Pens
ion
Fund
Fu
nd
Pens
ion
Fund
Fu
nd
Fund
Part
icul
ars
*Not
e: T
he N
et A
sset
Val
ue p
er u
nit c
alcu
late
d ab
ove
is b
efor
e ap
prop
riatio
n/ e
x pr
opria
tion
char
ge.
INCO
ME
FROM
INVE
STM
ENTS
EXPE
NSES
Inte
rest
Inco
me
Divi
dend
Inco
me
Misc
ella
neou
s Inc
ome
Prof
it/(L
oss)
exc
ludi
ng in
ter s
chem
ePr
ofit/
(Los
s) o
n in
ter f
und
tran
sfer
/sal
e of
inve
stm
ent
Unre
alise
d Ga
in/(
Loss
)To
tal I
ncom
e (A
)
Fund
Adm
inist
ratio
n Ex
pens
esFu
nd M
anag
emen
t Exp
ense
sOt
her c
harg
esF -
5To
tal E
xpen
ses (
B)Ne
t Inc
ome/
(Los
s) fo
r the
Yea
r (A-
B)Ad
d: R
even
ue A
ccou
nt a
t the
beg
inni
ng o
f the
year
Fund
Rev
enue
Acc
ount
at t
he e
nd o
f the
year
SOUR
CES
OF FU
NDS
APPL
ICAT
ION
OF FU
NDS
Polic
y Hol
der's
Fund
s: Po
licy H
olde
rs C
ontr
ibut
ion
F -1
Reve
nue
Acco
unt
Tota
l
Inve
stm
ents
F -2
Curr
ent A
sset
sF -
3Le
ss : C
urre
nt Li
abili
ties a
nd P
rovi
sions
F -4
Net C
urre
nt A
sset
s To
tal
(a)N
et A
sset
s as p
er B
alan
ce S
heet
(Rs.
in th
ousa
nds)
(b
)Num
ber o
f Uni
ts O
utst
andi
ng (i
n th
ousa
nds)
Ne
t Ass
et V
alue
per
uni
t (a)
/(b)
(Rs.
) *
41,
528
5,4
95
100
,596
1
10,5
23
11,
218
19
4,2
66
31,
760
-
-
-
-
-
56,
456
113
,558
3
83,6
18
111
,368
5
,720
1
3,36
1 1
6,60
2 1
,530
1
,947
7
5,31
9 2
83,0
39
9,3
61
306
3
4,45
8 3
9,75
6 3
,712
(3
3,77
6) (1
,948
,013
) (4
,423
,117
) (1
,274
) (8
4) (1
8,17
5) (1
7,85
1) 2
6 (1
,486
) (2
23,6
22)
(951
,245
) -
-
3
6,18
0 4
2,53
6 2
,661
(1
,704
,558
) (7
36,6
09)
(6,4
30,9
02)
160
,983
1
1,43
7 1
66,4
20
191
,566
1
9,14
7 (1
,681
,398
) (2
,715
,101
) (1
1,10
6,84
7)
-
-
15,
442
-
-
47,
929
97,
396
-
10,
262
731
1
2,35
4 9
,477
9
75
38,
343
116
,875
5
03,1
60
102
,003
5
,603
4
9,69
9 3
7,16
6 4
,235
1
32,3
47
283
,217
3
,371
,013
1
12,2
65
6,3
34
77,
495
46,
643
5,2
10
218
,619
4
97,4
88
3,8
74,1
73
48,
718
5,1
03
88,
925
144
,923
1
3,93
7 (1
,900
,017
) (3
,212
,589
) (1
4,98
1,02
0) 3
83,0
86
25,
535
133
,612
1
78,7
80
17,
134
2,0
83,0
60
1,8
77,2
86
(1,7
60,9
01)
431
,804
3
0,63
8 2
22,5
37
323
,703
3
1,07
1 1
83,0
43
(1,3
35,3
03)
(16,
741,
921)
984
,752
6
6,36
1 3
71,1
58
712
,142
7
4,19
3 2
,537
,406
8
,651
,002
5
5,14
2,89
2 4
31,8
04
30,
638
222
,537
3
23,7
03
31,
071
183
,043
(1
,335
,303
) (1
6,74
1,92
1) 1
,416
,556
9
6,99
9 5
93,6
95
1,0
35,8
45
105
,264
2
,720
,449
7
,315
,699
3
8,40
0,97
1
1,3
98,2
47
96,
121
547
,599
9
45,6
26
85,
104
2,7
07,2
48
7,2
79,4
17
37,
076,
562
19,
271
942
4
8,87
4 9
1,17
8 2
0,25
7 3
3,25
3 8
6,44
0 2
,601
,895
9
62
64
2,7
78
959
9
7 2
0,05
6 5
0,15
8 1
,277
,486
1
8,30
9 8
78
46,
096
90,
219
20,
160
13,
197
36,
282
1,3
24,4
09
1,4
16,5
56
96,
999
593
,695
1
,035
,845
1
05,2
64
2,7
20,4
49
7,3
15,6
99
38,
400,
971
1,4
16,5
56
96,
999
593
,695
1
,035
,845
1
05,2
64
2,7
20,4
49
7,3
15,6
99
38,
400,
971
99,
935,
497
6,8
81,1
94
46,
374,
861
75,
478,
857
7,5
16,5
22
193
,511
,716
3
83,2
00,4
70 4
,346
,159
,333
14
.174
714
.096
312
.802
113
.723
614
.004
414
.06
19.0
910
8.83
56
Annual Report 2008-2009
57
stFu
nd B
alan
ce S
heet
as a
t 31
Mar
ch 2
009
Form
A-B
S (U
L)A
pp
end
ix II
Ref
er S
ched
ule
16
No
te 2
4
stFu
nd R
even
ue A
ccou
nt fo
r the
yea
r end
ed 3
1 M
arch
200
9Fo
rm A
-RA
(UL)
Ap
pen
dix
II R
efer
Sch
edu
le 1
6 N
ote
24
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED
(Am
ount
in R
s. '0
00)
INCO
ME
FROM
INVE
STM
ENTS
EXPE
NSES
Inte
rest
Inco
me
Divi
dend
Inco
me
Misc
ella
neou
s Inc
ome
Prof
it/(L
oss)
exc
ludi
ng in
ter s
chem
ePr
ofit/
(Los
s) o
n in
ter f
und
tran
sfer
/sal
e of
inve
stm
ent
Unre
alise
d Ga
in/(
Loss
)To
tal I
ncom
e (A
)
Fund
Adm
inist
ratio
n Ex
pens
esFu
nd M
anag
emen
t Exp
ense
sOt
her c
harg
esF -
5To
tal E
xpen
ses (
B)Ne
t Inc
ome/
(Los
s) fo
r the
Yea
r (A-
B)Ad
d: R
even
ue A
ccou
nt a
t the
beg
inni
ng o
f the
year
Fund
Rev
enue
Acc
ount
at t
he e
nd o
f the
year
Sch
edul
e
Sch
edul
e
Part
icul
ars
(Am
ount
in R
s. '0
00)
Part
icul
ars
SOUR
CES
OF FU
NDS
APPL
ICAT
ION
OF FU
NDS
Polic
y Hol
der's
Fund
s: Po
licy H
olde
rs C
ontr
ibut
ion
F -1
Reve
nue
Acco
unt
Tota
l
Inve
stm
ents
F -2
Curr
ent A
sset
sF -
3Le
ss : C
urre
nt Li
abili
ties a
nd P
rovi
sions
F -4
Net C
urre
nt A
sset
s To
tal
(a)N
et A
sset
s as p
er B
alan
ce S
heet
(Rs.
in th
ousa
nds)
(b
)Num
ber o
f Uni
ts O
utst
andi
ng (i
n th
ousa
nds)
Ne
t Ass
et V
alue
per
uni
t (a)
/(b)
(Rs.
) *
*Not
e: T
he N
et A
sset
Val
ue p
er u
nit c
alcu
late
d ab
ove
is b
efor
e ap
prop
riatio
n/ e
x pr
opria
tion
char
ge.
Equi
ty G
row
thPe
nsio
nIn
dex
Inde
xPe
nsio
nPe
nsio
nM
idca
pPe
nsio
nPl
usFu
nd
Fund
Fund
- II
Fund
Fund
- II
Fund
Fund
Fund
Equi
tyEq
uity
Equi
ty In
dex
Equi
ty In
dex
Equi
tyEq
uity
Mid
cap
Equi
ty M
idca
p
Equi
ty G
row
thPe
nsio
nIn
dex
Inde
xPe
nsio
nPe
nsio
nM
idca
pPe
nsio
nPl
usFu
nd
Fund
Fund
- II
Fund
Fund
- II
Fund
Fund
Fund
Equi
tyEq
uity
Equi
ty In
dex
Equi
ty In
dex
Equi
tyEq
uity
Mid
cap
Equi
ty M
idca
p
52
5
294
-
1
5 3
6 -
5
4 1
8,56
1 3
0,57
2 2
64,6
20
2,2
66
20,
110
31,
268
3,1
29
46,
488
13,
916
1,1
86
18,
663
103
1
,281
1
1,15
8 1
,114
1
9,59
2 (1
90,9
12)
(18,
602)
(174
,690
) (1
,452
) (1
4,44
4) (2
22,4
58)
(15,
454)
(316
,866
) (1
85,0
53)
(18,
458)
(221
,017
) (6
,695
) (1
6,92
4) (1
25,7
81)
(24,
174)
(202
,333
) (2
02,0
14)
(914
,658
) (7
,035
,627
) (6
0,49
6) (5
42,8
68)
(98,
554)
(2,8
06)
(199
,904
) (5
45,4
50)
(919
,955
) (7
,147
,757
) (6
6,27
4) (5
52,8
30)
(404
,331
) (3
8,19
1) (6
52,9
69)
-
-
-
-
-
14,
473
-
-
24,
333
20,
760
231
,794
1
,554
1
7,35
9 1
7,36
8 1
,773
2
7,11
9 2
4,16
2 6
6,49
8 3
,089
,285
4
,613
3
3,52
8 4
4,79
6 5
27
41,
969
48,
495
87,
258
3,3
21,0
79
6,1
67
50,
887
76,
637
2,3
00
69,
088
(593
,945
) (1
,007
,213
) (1
0,46
8,83
6) (7
2,44
1) (6
03,7
17)
(480
,968
) (4
0,49
1) (7
22,0
57)
(20,
380)
811
,317
(1
,232
,462
) 8
2,09
9 (6
5,94
3) 3
80,9
46
62,
016
851
,210
(6
14,3
25)
(195
,896
) (1
1,70
1,29
8) 9
,658
(6
69,6
60)
(100
,022
) 2
1,52
5 1
29,1
53
2,2
54,6
53
1,6
51,2
11
40,
879,
569
87,
162
2,6
02,6
86
1,1
42,0
75
74,
208
1,4
37,6
94
(614
,325
) (1
95,8
96)
(11,
701,
298)
9,6
58
(669
,660
) (1
00,0
22)
21,
525
129
,153
1
,640
,328
1
,455
,315
2
9,17
8,27
1 9
6,82
0 1
,933
,026
1
,042
,053
9
5,73
3 1
,566
,847
1,5
82,5
62
1,4
43,8
85
28,
282,
717
98,
071
1,8
55,4
42
1,0
25,7
79
96,
900
1,5
40,4
14
81,
591
20,
583
1,9
02,0
57
167
1
42,5
58
18,
698
36
28,
423
23,
824
9,1
53
1,0
06,5
03
1,4
18
64,
974
2,4
24
1,2
03
1,9
90
57,
767
11,
430
895
,554
(1
,251
) 7
7,58
4 1
6,27
4 (1
,167
) 2
6,43
3 1
,640
,329
1
,455
,315
2
9,17
8,27
1 9
6,82
0 1
,933
,026
1
,042
,053
9
5,73
3 1
,566
,847
1
,640
,329
1
,455
,315
2
9,17
8,27
1 9
6,82
0 1
,933
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1
,042
,053
9
5,73
3 1
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,847
1
88,4
57,6
89
80,
494,
293
2,9
84,4
64,9
42
6,0
94,9
79
201
,759
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7
1,68
2,77
0 5
,720
,164
1
01,8
53,1
96
8.70
4018
.079
79.
7767
15.8
854
9.58
0814
.537
016
.736
115
.383
4
rdIRDA Registration No. 116 dated 3 August, 2001
58
stFu
nd B
alan
ce S
heet
as a
t 31
Mar
ch 2
009
Form
A-B
S (U
L)A
pp
end
ix II
Ref
er S
ched
ule
16
No
te 2
4
stFu
nd R
even
ue A
ccou
nt fo
r the
yea
r end
ed 3
1 M
arch
200
9Fo
rm A
-RA
(UL)
Ap
pen
dix
II R
efer
Sch
edu
le 1
6 N
ote
24
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED Appendix II Refer Schedule 16 Note 24
(Am
ount
in R
s. '0
00)
INCO
ME
FROM
INVE
STM
ENTS
EXPE
NSES
Inte
rest
Inco
me
Divi
dend
Inco
me
Misc
ella
neou
s Inc
ome
Prof
it/(L
oss)
exc
ludi
ng in
ter s
chem
ePr
ofit/
(Los
s) o
n in
ter f
und
tran
sfer
/sal
e of
inve
stm
ent
Unre
alise
d Ga
in/(
Loss
)To
tal I
ncom
e (A
)
Fund
Adm
inist
ratio
n Ex
pens
esFu
nd M
anag
emen
t Exp
ense
sOt
her c
harg
esF -
5To
tal E
xpen
ses (
B)Ne
t Inc
ome/
(Los
s) fo
r the
Yea
r (A-
B)Ad
d: R
even
ue A
ccou
nt a
t the
beg
inni
ng o
f the
year
Fund
Rev
enue
Acc
ount
at t
he e
nd o
f the
year
Sch
edul
e
Sch
edul
e
Part
icul
ars
(Am
ount
in R
s. '0
00)
Part
icul
ars
SOUR
CES
OF FU
NDS
APPL
ICAT
ION
OF FU
NDS
Polic
y Hol
der's
Fund
s: Po
licy H
olde
rs C
ontr
ibut
ion
F -1
Reve
nue
Acco
unt
Tota
l
Inve
stm
ents
F -2
Curr
ent A
sset
sF -
3Le
ss : C
urre
nt Li
abili
ties a
nd P
rovi
sions
F -4
Net C
urre
nt A
sset
s To
tal
(a)N
et A
sset
s as p
er B
alan
ce S
heet
(Rs.
in th
ousa
nds)
(b
)Num
ber o
f Uni
ts O
utst
andi
ng (i
n th
ousa
nds)
Ne
t Ass
et V
alue
per
uni
t (a)
/(b)
(Rs.
) *
*Not
e: T
he N
et A
sset
Val
ue p
er u
nit c
alcu
late
d ab
ove
is b
efor
e ap
prop
riatio
n/ e
x pr
opria
tion
char
ge.
Equi
tyPl
usPe
nsio
nDe
btLi
quid
Shor
t Ter
mGa
inPe
nsio
nFu
nd
Fund
Fund
Fund
Fund
Debt
Fund
Fund
Fund
Equi
ty P
lus
Grou
pGr
oup
Grou
pLi
fe Lo
ngLi
quid
Liqu
id
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tyPl
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Fund
Fund
Fund
Equi
ty P
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pGr
oup
Grou
pLi
fe Lo
ngLi
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Liqu
id
3,3
98
48
42,
470
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71
14,
769
988
1
1,03
8 1
77,0
05
12,
048
-
-
-
-
-
-
109
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8
,151
3
,453
4
,262
-
1
,964
2
,565
3
9,24
1 (3
,121
,225
) (1
64,4
92)
34,
379
280
-
3
,388
2
07
2,9
35
(450
,283
) (8
8,04
9) (2
,451
) -
-
3
,137
(2
8) (3
84)
(992
,382
) (2
4,17
5) 1
6,99
0 -
(5
6) 4
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-
(4
,274
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) (2
56,4
69)
94,
841
4,5
42
15
28,
090
3,7
32
52,
830
-
-
-
-
-
2,3
15
-
-
180
,803
1
1,95
5 5
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2
44
7
1,8
52
317
4
,522
3
83,4
59
19,
562
507
2
9 1
5
,031
1
,114
7
9,95
7 5
64,2
62
31,
517
5,6
71
273
8
9
,198
1
,431
8
4,47
9 (4
,838
,732
) (2
87,9
86)
89,
170
4,2
69
7
18,
892
2,3
01
(31,
649)
3,4
21,9
00
302
,069
-
-
-
1
2,10
5 1
,420
(1
4,32
2) (1
,416
,832
) 1
4,08
3 8
9,17
0 4
,269
7
3
0,99
7 3
,721
(4
5,97
1)
12,
327,
596
727
,211
1
,080
,295
8
90,4
01
20,
000
149
,010
4
8,03
3 7
88,3
70
(1,4
16,8
32)
14,
083
89,
170
4,2
69
7
30,
997
3,7
21
(45,
971)
10,
910,
764
741
,294
1
,169
,465
8
94,6
70
20,
007
180
,007
5
1,75
4 7
42,3
99
10,
871,
367
735
,539
8
68,5
50
95,
620
9,4
66
175
,024
4
9,04
9 7
19,3
42
102
,911
1
0,06
9 3
01,7
48
799
,111
1
0,54
9 5
,336
2
,745
2
3,66
0 6
3,51
4 4
,314
8
33
61
8
353
4
0 6
03
39,
397
5,7
55
300
,915
7
99,0
50
10,
541
4,9
83
2,7
05
23,
057
10,
910,
764
741
,294
1
,169
,465
8
94,6
70
20,
007
180
,007
5
1,75
4 7
42,3
99
10,
910,
764
741
,294
1
,169
,465
8
94,6
70
20,
007
180
,007
5
1,75
4 7
42,3
99
548
,795
,878
4
1,10
2,25
6 1
03,9
50,7
01
85,
070,
398
1,9
98,2
03
15,
085,
493
4,0
60,8
28
58,
177,
450
19.8
813
18.0
354
11.2
502
10.5
168
10.0
126
11.9
325
12.7
446
12.7
610
Annual Report 2008-2009
59
stFu
nd B
alan
ce S
heet
as a
t 31
Mar
ch 2
009
Form
A-B
S (U
L)A
pp
end
ix II
Ref
er S
ched
ule
16
No
te 2
4
stFu
nd R
even
ue A
ccou
nt fo
r the
yea
r end
ed 3
1 M
arch
200
9Fo
rm A
-RA
(UL)
Ap
pen
dix
II R
efer
Sch
edu
le 1
6 N
ote
24
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED
(Am
ount
in R
s. '0
00)
INCO
ME
FROM
INVE
STM
ENTS
EXPE
NSES
Inte
rest
Inco
me
Divi
dend
Inco
me
Misc
ella
neou
s Inc
ome
Prof
it/(L
oss)
exc
ludi
ng in
ter s
chem
ePr
ofit/
(Los
s) o
n in
ter f
und
tran
sfer
/sal
e of
inve
stm
ent
Unre
alise
d Ga
in/(
Loss
)To
tal I
ncom
e (A
)
Fund
Adm
inist
ratio
n Ex
pens
esFu
nd M
anag
emen
t Exp
ense
sOt
her c
harg
esF -
5To
tal E
xpen
ses (
B)Ne
t Inc
ome/
(Los
s) fo
r the
Yea
r (A-
B)Ad
d: R
even
ue A
ccou
nt a
t the
beg
inni
ng o
f the
year
Fund
Rev
enue
Acc
ount
at t
he e
nd o
f the
year
Sch
edul
e
Sch
edul
e
Part
icul
ars
(Am
ount
in R
s. '0
00)
Part
icul
ars
SOUR
CES
OF FU
NDS
APPL
ICAT
ION
OF FU
NDS
Polic
y Hol
der's
Fund
s: Po
licy H
olde
rs C
ontr
ibut
ion
F -1
Reve
nue
Acco
unt
Tota
l
Inve
stm
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F -2
Curr
ent A
sset
sF -
3Le
ss : C
urre
nt Li
abili
ties a
nd P
rovi
sions
F -4
Net C
urre
nt A
sset
s To
tal
(a)N
et A
sset
s as p
er B
alan
ce S
heet
(Rs.
in th
ousa
nds)
(b
)Num
ber o
f Uni
ts O
utst
andi
ng (i
n th
ousa
nds)
Ne
t Ass
et V
alue
per
uni
t (a)
/(b)
(Rs.
) *
*Not
e: T
he N
et A
sset
Val
ue p
er u
nit c
alcu
late
d ab
ove
is b
efor
e ap
prop
riatio
n/ e
x pr
opria
tion
char
ge.
Prem
ier
Bala
nced
Bond
Debt
Equi
tyEq
uity
Gai
nEq
uity
Gro
wth
Equi
ty In
dex
Equi
tyFu
ndFu
ndFu
ndFu
nd
Fund
Fund
Fund
Fund
Prem
ier
Prem
ier
Prem
ier
Prem
ier
Prem
ier
Prem
ier
Pure
Prem
ier
Bala
nced
Bond
Debt
Equi
tyEq
uity
Gai
nEq
uity
Gro
wth
Equi
ty In
dex
Equi
tyFu
ndFu
ndFu
ndFu
nd
Fund
Fund
Fund
Fund
Prem
ier
Prem
ier
Prem
ier
Prem
ier
Prem
ier
Prem
ier
Pure
-
15,
143
11,
261
2
461
7
4 2
8 -
-
-
-
6
,170
9
,800
2
2,67
7 1
3,07
1 1
1,87
9 -
2
,656
2
,014
1
81
4,7
17
11,
017
576
5
,561
-
4
,322
4
,304
(4
,489
) (1
36,5
79)
(280
,531
) (1
0,36
3) (6
1,14
8) -
(6
) (3
,748
) (6
,617
) (8
5,53
6) (2
36,9
04)
(26,
700)
(49,
160)
-
5,5
20
4,0
85
(181
,537
) 3
56
(216
,505
) (3
76,3
85)
(18,
541)
-
27,
635
17,
916
(186
,290
) (2
06,7
81)
(700
,172
) (3
99,7
73)
(111
,409
)
-
-
-
-
-
-
-
-
-
5,4
29
3,1
84
9,4
12
14,
251
43,
197
24,
396
9,6
42
-
3,9
94
7,7
66
15,
270
23,
471
40,
409
18,
135
118
,007
-
9
,423
1
0,95
0 2
4,68
2 3
7,72
2 8
3,60
6 4
2,53
1 1
27,6
49
-
18,
212
6,9
66
(210
,972
) (2
44,5
03)
(783
,778
) (4
42,3
04)
(239
,058
) -
1
3,07
9 2
5,10
4 1
87,4
09
176
,347
6
1,04
9 4
5,29
9 4
8,78
1 -
3
1,29
1 3
2,07
0 (2
3,56
3) (6
8,15
6) (7
22,7
29)
(397
,005
) (1
90,2
77)
63,
456
237
,122
6
1,53
2 3
28,2
03
594
,723
2
,044
,090
1
,214
,293
8
93,0
45
-
31,
291
32,
070
(23,
563)
(68,
156)
(722
,729
) (3
97,0
05)
(190
,277
) 6
3,45
6 2
68,4
13
93,
602
304
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5
26,5
67
1,3
21,3
61
817
,288
7
02,7
68
63,
456
249
,012
8
9,56
7 3
04,7
03
515
,411
1
,309
,738
8
07,6
78
728
,965
-
2
0,02
4 4
,314
5
85
14,
584
14,
785
14,
429
29,
954
-
623
2
79
648
3
,428
3
,162
4
,819
5
6,15
1 -
1
9,40
1 4
,035
(6
3) 1
1,15
6 1
1,62
3 9
,610
(2
6,19
7) 6
3,45
6 2
68,4
13
93,
602
304
,640
5
26,5
67
1,3
21,3
61
817
,288
7
02,7
68
63,
456
268
,413
9
3,60
2 3
04,6
40
526
,567
1
,321
,361
8
17,2
88
702
,768
5
,442
,267
2
1,87
3,78
2 7
,329
,613
2
9,53
3,89
6 5
0,99
7,27
8 1
59,3
73,4
53
87,
443,
607
58,
303,
073
11.6
599
12.2
710
12.7
705
10.3
150
10.3
254
8.29
109.
3465
12.0
537
rdIRDA Registration No. 116 dated 3 August, 2001
60
stFu
nd B
alan
ce S
heet
as a
t 31
Mar
ch 2
009
Form
A-B
S (U
L)A
pp
end
ix II
Ref
er S
ched
ule
16
No
te 2
4
stFu
nd R
even
ue A
ccou
nt fo
r the
yea
r end
ed 3
1 M
arch
200
9Fo
rm A
-RA
(UL)
Ap
pen
dix
II R
efer
Sch
edu
le 1
6 N
ote
24
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED Appendix II Refer Schedule 16 Note 24
(Am
ount
in R
s. '0
00)
INCO
ME
FROM
INVE
STM
ENTS
EXPE
NSES
Inte
rest
Inco
me
Divi
dend
Inco
me
Misc
ella
neou
s Inc
ome
Prof
it/(L
oss)
exc
ludi
ng in
ter s
chem
ePr
ofit/
(Los
s) o
n in
ter f
und
tran
sfer
/sal
e of
inve
stm
ent
Unre
alise
d Ga
in/(
Loss
)To
tal I
ncom
e (A
)
Fund
Adm
inist
ratio
n Ex
pens
esFu
nd M
anag
emen
t Exp
ense
sOt
her c
harg
esF -
5To
tal E
xpen
ses (
B)Ne
t Inc
ome/
(Los
s) fo
r the
Yea
r (A-
B)Ad
d: R
even
ue A
ccou
nt a
t the
beg
inni
ng o
f the
year
Fund
Rev
enue
Acc
ount
at t
he e
nd o
f the
year
Sch
edul
e
Sch
edul
e
Part
icul
ars
(Am
ount
in R
s. '0
00)
Part
icul
ars
SOUR
CES
OF FU
NDS
APPL
ICAT
ION
OF FU
NDS
Polic
y Hol
der's
Fund
s: Po
licy H
olde
rs C
ontr
ibut
ion
F -1
Reve
nue
Acco
unt
Tota
l
Inve
stm
ents
F -2
Curr
ent A
sset
sF -
3Le
ss : C
urre
nt Li
abili
ties a
nd P
rovi
sions
F -4
Net C
urre
nt A
sset
s To
tal
(a)N
et A
sset
s as p
er B
alan
ce S
heet
(Rs.
in th
ousa
nds)
(b
)Num
ber o
f Uni
ts O
utst
andi
ng (i
n th
ousa
nds)
Ne
t Ass
et V
alue
per
uni
t (a)
/(b)
(Rs.
) *
*Not
e: T
he N
et A
sset
Val
ue p
er u
nit c
alcu
late
d ab
ove
is b
efor
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prop
riatio
n/ e
x pr
opria
tion
char
ge.
Pure
Stoc
kPe
nsio
nFu
ndFu
ndFu
ndFu
nd
Pure
Sto
ckSe
cure
Stab
leTo
tal
Pure
Stoc
kPe
nsio
nFu
ndFu
ndFu
ndFu
nd
Pure
Sto
ckSe
cure
Stab
leTo
tal
-
-
25,
363
67,
205
1,1
78,4
99
13,
868
51
452
2
,939
1
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7
,475
4
0 4
,827
1
1,60
5 1
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(9
9,83
5) (8
9) (8
,606
) (1
09,3
37)
(12,
911,
850)
(6,2
56)
(762
) (4
,425
) (3
5,41
8) (4
,314
,447
) 2
6,65
2 4
32
1,7
45
36,
608
(19,
189,
517)
(58,
096)
(328
) 1
9,35
6 (2
6,39
8) (3
2,79
5,92
1)
-
-
-
-
190
,418
1
4,37
1 6
3 4
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1
1,76
1 1
,622
,605
2
91,1
58
63
271
2
05
10,
416,
254
305
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1
26
4,7
82
11,
966
12,
229,
277
(363
,625
) (4
54)
14,
574
(38,
364)
(45,
025,
198)
(142
,584
) -
5
60
57,
784
7,3
68,7
47
(506
,209
) (4
54)
15,
134
19,
420
(37,
656,
451)
2,02
4,32
7 8
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4
01,7
93
256
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1
78,3
09,4
49
(506
,209
) (4
54)
15,
134
19,
420
(37,
656,
451)
1,51
8,11
8 8
,383
4
16,9
27
275
,458
1
40,6
52,9
98
1,54
1,18
1 8
,432
3
95,3
21
270
,017
1
35,4
07,0
22
95,8
10
854
2
2,07
7 5
,772
8
,174
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11
8,87
3 9
03
471
3
31
2,9
28,0
88
(23,
063)
(49)
21,
606
5,4
41
5,2
45,9
76
1,51
8,11
8 8
,383
4
16,9
27
275
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270
Annual Report 2008-2009
61
stFu
nd B
alan
ce S
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as a
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Mar
ch 2
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Form
A-B
S (U
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pp
end
ix II
Ref
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ule
16
No
te 2
4
stFu
nd R
even
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Ap
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II R
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le 1
6 N
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24
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED
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SCHE
DULE
F1 :
POLI
CYHO
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S' CO
NTRI
BUTI
ONA
pp
end
ix II
Ref
er S
ched
ule
16
No
te 2
4
rdIRDA Registration No. 116 dated 3 August, 2001
62
SCHE
DULE
F1 :
POLI
CYHO
LDER
S' CO
NTRI
BUTI
ONA
pp
end
ix II
Ref
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ule
16
No
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4
SCHE
DULE
F1 :
POLI
CYHO
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S' CO
NTRI
BUTI
ONA
pp
end
ix II
Ref
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ule
16
No
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4
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED Appendix II Refer Schedule 16 Note 24
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at 3
1 M
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200
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Annual Report 2008-2009
63
SCHE
DULE
F1 :
POLI
CYHO
LDER
S' CO
NTRI
BUTI
ONA
pp
end
ix II
Ref
er S
ched
ule
16
No
te 2
4
SCHE
DULE
F1 :
POLI
CYHO
LDER
S' CO
NTRI
BUTI
ONA
pp
end
ix II
Ref
er S
ched
ule
16
No
te 2
4
SCHE
DULE
F1 :
POLI
CYHO
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S' CO
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pp
end
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Ref
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16
No
te 2
4
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED
(Am
ount
in R
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rdIRDA Registration No. 116 dated 3 August, 2001
64
SCHE
DULE
F2 :
INVE
STM
ENTS
Ap
pen
dix
II R
efer
Sch
edu
le 1
6 N
ote
24
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED Appendix II Refer Schedule 16 Note 24
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in R
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Annual Report 2008-2009
65
SCHE
DULE
F2 :
INVE
STM
ENTS
Ap
pen
dix
II R
efer
Sch
edu
le 1
6 N
ote
24
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED
(Am
ount
in R
s. '0
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at 3
1 M
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ther
than
App
rove
d to
Tota
l
Equi
tyGr
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Pens
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dex
Pens
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Mid
cap
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cap
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Fu
nd
Fund
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Fund
Fund
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Fund
Fund
Plus
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Fund
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ty G
row
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tyEq
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uity
Inde
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Equi
ty M
idca
pEq
uity
Equi
ty
531
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
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25,6
99,1
16
1,1
04,5
40
1,4
42,8
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22,
835,
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32,7
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743
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6,6
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37
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025
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31,8
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32
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11,0
69
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71,9
60
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-
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5,20
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27,3
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4,65
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1
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3,47
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90.0
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14.0
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18.1
6%18
.00%
18.1
7%17
.98%
10.0
0%8.
39%
8.40
%11
.05%
rdIRDA Registration No. 116 dated 3 August, 2001
66
SCHE
DULE
F2 :
INVE
STM
ENTS
Ap
pen
dix
II R
efer
Sch
edu
le 1
6 N
ote
24
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED Appendix II Refer Schedule 16 Note 24
(Am
ount
in R
s. '0
00)
stAs
at 3
1 M
arch
200
9Pa
rtic
ular
s
Sche
dule
s to
Fund
Rev
enue
Acc
ount
APPR
OVED
INVE
STM
ENTS
Go
vern
men
t Bon
ds
Corp
orat
e Bo
nds
Infra
stru
ctur
e Bo
nds
Equi
ty
Mon
ey M
arke
t M
utua
l Fun
d
Tota
l
OTHE
R IN
VEST
MEN
TS
Corp
orat
e Bo
nds
Infra
stru
ctur
e Bo
nds
Equi
ty
Mon
ey M
arke
t M
utua
l Fun
d
Tota
l
Gran
d To
tal
% o
f App
rove
d to
Tota
l %
of O
ther
than
App
rove
d to
Tota
l
Equi
ty P
lus
Pens
ion
Debt
Liqu
idTe
rm D
ebt
Gain
Pens
ion
Fund
Bond
Debt
Equi
tyFu
nd
Fund
Fund
Fund
Fund
Fund
Fund
Fund
Fund
Grou
pGr
oup
Grou
p Sh
ort
Life
Long
Liqu
idLi
quid
Prem
ier
Prem
ier
Prem
ier
-
182
,118
-
-
5
,080
-
-
8
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0,69
7 -
-
2
04,1
97
-
5,2
29
39,
911
-
-
89,
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60,
567
-
-
379
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-
4
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9
7,77
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-
1
21,1
24
37,
688
-
575,
059
-
-
-
-
-
-
-
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266
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79
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7
2,15
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5,42
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2
4,56
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9,04
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19,3
42
23,
717
21,
216
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94
-
30,
600
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7
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-
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6
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654,
156
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9
5,62
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1
75,0
24
49,
049
719
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2
49,0
12
130
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2
68,0
45
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
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81,3
83
-
-
-
-
-
-
-
-
59,
514
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
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81,3
83
-
-
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-
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-
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59,
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868
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9
5,62
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49,
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2
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12
130
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3
27,5
59
88.9
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00%
0.00
%0.
00%
0.00
%0.
00%
0.00
%0.
00%
0.00
%18
.17%
Annual Report 2008-2009
67
SCHE
DULE
F2 :
INVE
STM
ENTS
Ap
pen
dix
II R
efer
Sch
edu
le 1
6 N
ote
24
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED
(Am
ount
in R
s. '0
00)
stAs
at 3
1 M
arch
200
9Pa
rtic
ular
s
Sche
dule
s to
Fund
Rev
enue
Acc
ount
APPR
OVED
INVE
STM
ENTS
Go
vern
men
t Bon
ds
Corp
orat
e Bo
nds
Infra
stru
ctur
e Bo
nds
Equi
ty
Mon
ey M
arke
t M
utua
l Fun
d
Tota
l
OTHE
R IN
VEST
MEN
TS
Corp
orat
e Bo
nds
Infra
stru
ctur
e Bo
nds
Equi
ty
Mon
ey M
arke
t M
utua
l Fun
d
Tota
l
Gran
d To
tal
% o
f App
rove
d to
Tota
l %
of O
ther
than
App
rove
d to
Tota
l
Prem
ier
Equi
ty G
ain
Equi
ty G
row
thEq
uity
Inde
xEq
uity
Stoc
kPe
nsio
nFu
ndFu
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Prem
ier
Prem
ier
Pure
Pure
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ckSe
cure
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leTo
tal
-
-
4,4
49
108
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2
16,7
51
1,7
35
80,
708
25,
251
1,4
86,9
74
-
-
-
-
-
-
76,
169
41,
733
3,4
89,7
28
-
-
-
-
-
-
140
,612
7
9,54
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,172
,273
41
3,81
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37,8
58
654
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5
47,7
31
1,1
68,7
90
5,9
47
24,
055
23,
103
84,
561,
878
43,1
56
182
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2
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-
-
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5
2,23
9 7
6,96
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9,90
9,85
2 -
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-
1
8,70
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46,1
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966
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20,2
26
661
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6
55,7
47
1,3
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41
7,6
82
392
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2
67,2
90
119
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,805
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
58,4
45
189
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1
45,8
87
73,
218
155
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7
50
2,8
38
2,7
27
15,
726,
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-
-
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113
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58,4
45
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27
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09,7
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28,9
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81
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6%85
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81.9
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89.9
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88%
11.3
4%14
.47%
18.0
6%10
.04%
10.1
0%8.
89%
0.72
%1.
01%
12%
rdIRDA Registration No. 116 dated 3 August, 2001
68
SCHE
DULE
F2 :
INVE
STM
ENTS
Ap
pen
dix
II R
efer
Sch
edu
le 1
6 N
ote
24
SCHE
DULE
F3 :
CURR
ENT
ASSE
TSA
pp
end
ix II
Ref
er S
ched
ule
16
No
te 2
4
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED Appendix II Refer Schedule 16 Note 24
(Am
ount
in R
s. '0
00)
stAs
at 3
1 M
arch
200
9Pa
rtic
ular
s
Sche
dule
s to
Fund
Rev
enue
Acc
ount
Accr
ued
Cash
and
ban
k ba
lanc
e
Divi
dend
Rec
eiva
ble
Rece
ivab
les f
or S
ale
of In
vest
men
ts
Unit
Colle
ctio
n A/
c
Othe
r Cur
rent
Ass
ets (
For I
nves
tmen
ts) :
Appl
icat
ion
Mon
ey
Tota
l
Inte
rest
Acce
lera
ted
Fund
Pens
ion
Fund
Allo
catio
nAl
loca
tion
Fund
Plus
Plus
Fund
Fund
Fund
Pens
ion
Fund
Fund
Pens
ion
Fund
Acc M
id C
apAc
c Mid
Cap
Asse
tAs
set
Bala
nced
Bala
nced
Bala
nced
Bond
465
-
-
221
,481
1
0,21
6 -
-
-
7
2,83
7
1,51
5 1
0,52
2 2
31,7
30
610
,131
3
1,02
3 7
1 9
5
1
47,4
42
-
62
1,1
25
-
-
-
-
-
-
-
-
-
7,2
98
266
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
11,
273
71
-
-
-
-
-
-
-
-
-
-
-
-
-
1,98
0 1
0,58
4 2
32,8
55
850
,183
4
1,57
6 7
1 9
5
2
20,2
79
(Am
ount
in R
s. '0
00)
stAs
at 3
1 M
arch
200
9Pa
rtic
ular
s
Sche
dule
s to
Fund
Rev
enue
Acc
ount
Accr
ued
Cash
and
ban
k ba
lanc
e
Divi
dend
Rec
eiva
ble
Rece
ivab
les f
or S
ale
of In
vest
men
ts
Unit
Colle
ctio
n A/
c
Othe
r Cur
rent
Ass
ets (
For I
nves
tmen
ts) :
Appl
icat
ion
Mon
ey
Tota
l
Inte
rest
10
,695
2
,587
1
52
406
1
9,48
0 3
,396
7
,162
8
,627
6
76
35,2
68
5
29
16
72,
222
84,
278
5,2
41
10,
644
266
-
3
-
3
-
-
-
-
-
-
20
2
17
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
45,9
63
2,6
15
183
4
42
91,
702
87,
674
12,
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19,
271
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Pens
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Guar
ante
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aran
tee
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ante
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Fund
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Fund
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Fund
Fund
Capi
tal
Capi
tal
Capi
tal
Capi
tal
Capi
tal
Cash
Cash
Cash
Plu
s
Annual Report 2008-2009
69
SCHE
DULE
F3 :
CURR
ENT
ASSE
TSA
pp
end
ix II
Ref
er S
ched
ule
16
No
te 2
4
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED
(Am
ount
in R
s. '0
00)
stAs
at 3
1 M
arch
200
9Pa
rtic
ular
s
Sche
dule
s to
Fund
Rev
enue
Acc
ount
Accr
ued
Cash
and
ban
k ba
lanc
e
Divi
dend
Rec
eiva
ble
Rece
ivab
les f
or S
ale
of In
vest
men
ts
Unit
Colle
ctio
n A/
c
Othe
r Cur
rent
Ass
ets (
For I
nves
tmen
ts) :
Appl
icat
ion
Mon
ey
Tota
l
Inte
rest
(Am
ount
in R
s. '0
00)
stAs
at 3
1 M
arch
200
9Pa
rtic
ular
s
Sche
dule
s to
Fund
Rev
enue
Acc
ount
Accr
ued
Cash
and
ban
k ba
lanc
e
Divi
dend
Rec
eiva
ble
Rece
ivab
les f
or S
ale
of In
vest
men
ts
Unit
Colle
ctio
n A/
c
Othe
r Cur
rent
Ass
ets (
For I
nves
tmen
ts) :
Appl
icat
ion
Mon
ey
Tota
l
Inte
rest
Debt
Fund
Pl
usPe
nsio
nFu
ndGa
inGr
owth
Grow
thIn
dex
Inde
xFu
ndFu
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nsio
n Fu
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nd -
II
Debt
Debt
Plu
sEq
uity
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tyEq
uity
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tyEq
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Equi
ty
37,1
28
36,
835
4,7
99
-
-
5,4
10
-
-
-
11,7
46
54,
343
15,
458
29,
211
75,
597
1,6
00,7
97
77,
507
18,
376
1,7
76,6
36
-
-
-
580
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5
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2
26
316
4
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-
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3,4
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8,5
54
844
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1
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8,80
5
-
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-
-
-
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-
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2,2
89
146
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3
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9
2,07
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48,8
74
91,
178
20,
257
33,
253
86,
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2,6
01,8
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81,
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Equi
tyIn
dex
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Mid
cap
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cap
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dex
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-
-
614
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2
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133
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75,5
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7,0
37
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3,4
26
233
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167
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1
8,69
8 3
6 2
8,42
3 1
02,9
11
10,
069
301
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7
99,1
11
rdIRDA Registration No. 116 dated 3 August, 2001
70
SCHE
DULE
F3 :
CURR
ENT
ASSE
TSA
pp
end
ix II
Ref
er S
ched
ule
16
No
te 2
4
SCHE
DULE
F3 :
CURR
ENT
ASSE
TSA
pp
end
ix II
Ref
er S
ched
ule
16
No
te 2
4
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED Appendix II Refer Schedule 16 Note 24
(Am
ount
in R
s. '0
00)
stAs
at 3
1 M
arch
200
9Pa
rtic
ular
s
Sche
dule
s to
Fund
Rev
enue
Acc
ount
Accr
ued
Cash
and
ban
k ba
lanc
e
Divi
dend
Rec
eiva
ble
Rece
ivab
les f
or S
ale
of In
vest
men
ts
Unit
Colle
ctio
n A/
c
Othe
r Cur
rent
Ass
ets (
For I
nves
tmen
ts) :
Appl
icat
ion
Mon
ey
Tota
l
Inte
rest
(Am
ount
in R
s. '0
00)
stAs
at 3
1 M
arch
200
9Pa
rtic
ular
s
Sche
dule
s to
Fund
Rev
enue
Acc
ount
Accr
ued
Cash
and
ban
k ba
lanc
e
Divi
dend
Rec
eiva
ble
Rece
ivab
les f
or S
ale
of In
vest
men
ts
Unit
Colle
ctio
n A/
c
Othe
r Cur
rent
Ass
ets (
For I
nves
tmen
ts) :
Appl
icat
ion
Mon
ey
Tota
l
Inte
rest
Grou
p Te
rm D
ebt
Gain
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ion
Fund
Bala
nced
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Equi
tyEq
uity
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nFu
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nd
Shor
tLi
fe Lo
ngLi
quid
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rPr
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rPr
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rPr
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r
531
4,1
44
97
4,2
04
-
8,0
99
4,1
91
-
858
10,0
18
1,1
92
2,6
48
19,
456
-
11,
925
123
1
74
6,2
38
-
-
-
-
-
-
-
59
-
-
-
-
-
-
-
-
352
7
,323
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
165
-
-
-
-
-
-
-
-
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10,5
49
5,3
36
2,7
45
23,
660
-
20,
024
4,3
14
585
1
4,58
4
Prem
ier
Equi
ty G
row
thEq
uity
Inde
xEq
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Stoc
kSt
ock
Fund
Fund
Fund
Fund
Fund
Fund
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Tota
l
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68
-
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507
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14,5
80
13,
362
16,
331
66,
169
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1
1,40
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95
6,4
23,8
46
205
143
7
59
1,5
35
8
-
-
16,
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856
-
9
70
-
-
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919
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-
-
-
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12,
864
27,
136
197
-
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3
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14,7
85
14,
429
29,
954
95,
810
854
2
2,07
7 5
,772
8
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,064
Annual Report 2008-2009
71
SCHE
DULE
F3 :
CURR
ENT
ASSE
TSA
pp
end
ix II
Ref
er S
ched
ule
16
No
te 2
4
SCHE
DULE
F3 :
CURR
ENT
ASSE
TSA
pp
end
ix II
Ref
er S
ched
ule
16
No
te 2
4
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED
(Am
ount
in R
s. '0
00)
stAs
at 3
1 M
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200
9Pa
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ular
s
Sche
dule
s to
Fund
Rev
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Acc
ount
Paya
ble
for p
urch
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of In
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ts
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ilitie
s:
Unit
Paya
ble
A/c
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l
-
6,0
76
114
,354
5
0,79
3 1
,010
-
-
-
-
34
259
4
,704
1
8,67
8 7
09
-
-
-
2,4
50
-
-
-
-
-
-
-
-
-
34
6,3
35
119
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6
9,47
1 1
,719
-
-
-
2
,450
Acce
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catio
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Bala
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ount
in R
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at 3
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200
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ular
s
Sche
dule
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Fund
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Acc
ount
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ble
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urch
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of In
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ts
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Unit
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l
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ount
in R
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stAs
at 3
1 M
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200
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ular
s
Sche
dule
s to
Fund
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Acc
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Paya
ble
for p
urch
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of In
vest
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ts
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Unit
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ante
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tee
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ante
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tal
Capi
tal
Capi
tal
Capi
tal
Capi
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Cash
Cash
Cash
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1
-
-
-
-
-
-
-
269
130
9
5
4 1
,740
1
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2
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9
62
64
-
-
-
-
-
-
-
-
-
269
131
9
5
4 1
,740
1
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2
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9
62
64
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Fund
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tyEq
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tyEq
uity
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tyEq
uity
-
-
-
13,
763
33,
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1,2
23,7
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21,
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7,6
29
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2,77
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59
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6,2
93
17,
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53,
697
2,3
04
1,5
24
28,
103
-
-
-
-
-
-
-
-
-
2,77
8 9
59
97
20,
056
50,
158
1,2
77,4
86
23,
824
9,1
53
1,0
06,5
03
rdIRDA Registration No. 116 dated 3 August, 2001
72
SCHE
DULE
F4 :
CURR
ENT
LIAB
ILIT
IES
Ap
pen
dix
II R
efer
Sch
edu
le 1
6 N
ote
24
SCHE
DULE
F4 :
CURR
ENT
LIAB
ILIT
IES
Ap
pen
dix
II R
efer
Sch
edu
le 1
6 N
ote
24
SCHE
DULE
F4 :
CURR
ENT
LIAB
ILIT
IES
Ap
pen
dix
II R
efer
Sch
edu
le 1
6 N
ote
24
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED Appendix II Refer Schedule 16 Note 24
(Am
ount
in R
s. '0
00)
stAs
at 3
1 M
arch
200
9Pa
rtic
ular
s
Sche
dule
s to
Fund
Rev
enue
Acc
ount
Paya
ble
for p
urch
ase
of In
vest
men
ts
Othe
r Cur
rent
Liab
ilitie
s:
Unit
Paya
ble
A/c
Tota
l
(Am
ount
in R
s. '0
00)
stAs
at 3
1 M
arch
200
9Pa
rtic
ular
s
Sche
dule
s to
Fund
Rev
enue
Acc
ount
Paya
ble
for p
urch
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of In
vest
men
ts
Othe
r Cur
rent
Liab
ilitie
s:
Unit
Paya
ble
A/c
Tota
l
(Am
ount
in R
s. '0
00)
stAs
at 3
1 M
arch
200
9Pa
rtic
ular
s
Sche
dule
s to
Fund
Rev
enue
Acc
ount
Paya
ble
for p
urch
ase
of In
vest
men
ts
Othe
r Cur
rent
Liab
ilitie
s:
Unit
Paya
ble
A/c
Tota
l
Equi
tyIn
dex
Inde
x Pe
nsio
nM
idca
pM
idca
pM
idca
pPl
usPl
usDe
btLi
quid
Pens
ion
Fund
Fund
- II
Fund
Pens
ion
Fund
Plus
Fund
Fund
Pens
ion
Fund
Fund
Fund
Equi
tyEq
uity
Equi
tyEq
uity
Equi
tyEq
uity
Grou
pGr
oup
802
63,
108
-
-
-
49,
489
3,3
58
-
-
616
1,8
66
2,4
24
1,2
03
1,9
90
14,
025
956
8
33
61
-
-
-
-
-
-
-
-
-
1,41
8 6
4,97
4 2
,424
1
,203
1
,990
6
3,51
4 4
,314
8
33
61
Grou
pSh
ort T
erm
Gain
Pens
ion
Fund
Bala
nced
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Debt
Equi
tyEq
uity
Debt
Fund
Fund
Fu
nd
Fu
nd
Fun
d Fu
nd
Fund
G
ain
Fund
Life
Long
Liqu
idLi
quid
Prem
ier
Prem
ier
Prem
ier
Prem
ier
Prem
ier
-
-
-
-
-
-
-
5
2,4
04
8 3
53
40
603
-
6
23
279
6
43
1,0
24
-
-
-
-
-
-
-
-
-
8 3
53
40
603
-
6
23
279
6
48
3,4
28
Prem
ier
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tyEq
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tySt
ock
Stoc
kFu
ndFu
ndGr
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Fund
Inde
x Fu
ndFu
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on Fu
nd
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l
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2,9
15
55,
271
116
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8
92
-
-
2,7
45,4
21
3,16
2 1
,904
8
80
2,1
01
11
471
3
31
182
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-
-
-
-
-
-
-
-
3,16
2 4
,819
5
6,15
1 1
18,8
73
903
4
71
331
2
,928
,088
Annual Report 2008-2009
73
SCHE
DULE
F4 :
CURR
ENT
LIAB
ILIT
IES
Ap
pen
dix
II R
efer
Sch
edu
le 1
6 N
ote
24
SCHE
DULE
F4 :
CURR
ENT
LIAB
ILIT
IES
Ap
pen
dix
II R
efer
Sch
edu
le 1
6 N
ote
24
SCHE
DULE
F4 :
CURR
ENT
LIAB
ILIT
IES
Ap
pen
dix
II R
efer
Sch
edu
le 1
6 N
ote
24
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED
(Am
ount
in R
s. '0
00)
stAs
at 3
1 M
arch
200
9Pa
rtic
ular
s
Sche
dule
s to
Fund
Rev
enue
Acc
ount
Acce
lera
ted
Fund
Pens
ion
Fund
Allo
catio
nAl
loca
tion
Fund
Plus
Plus
Fund
Fund
Fund
Pen
sion
Fund
Fund
Pens
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Fund
Acc M
id C
apAc
c Mid
Cap
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tAs
set
Bala
nced
Bala
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-
2,2
38
138
,126
8
80,9
68
13,
132
-
-
-
106
,285
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
10
-
83
105
,768
2
66,8
48
2,2
17
-
-
-
70,
532
-
7
14,
324
18,
656
111
-
-
-
2
3,88
7
-
-
-
-
-
-
-
-
-
-
16
213
9
48
32
-
-
-
118
32
290
2
7,48
8 3
39,6
53
2,5
81
-
-
-
40,
231
32
2,6
34
285
,918
1
,507
,073
1
8,07
3 -
-
-
2
41,0
63
Pol
icy A
dmin
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tion
Char
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Sur
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er C
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Sw
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Mor
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Tota
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ount
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ular
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Sche
dule
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Acc
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y Adm
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Fun
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nd
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tal
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3 2
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1
50
1,0
89
-
-
1
11,
210
4,2
48
-
-
-
-
-
-
-
-
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4 -
-
-
-
-
1
75
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6
1
59
1,7
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7
44
-
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33,
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1,0
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4 -
-
-
-
-
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3,67
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9
7
-
-
-
-
-
-
-
-
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9 9
1
4
-
-
1
23
314
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79
20
120
5
08
156
4
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2
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1
17
3,04
9 4
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3
11
1,9
58
508
1
56
52,
048
102
,003
5
,603
rdIRDA Registration No. 116 dated 3 August, 2001
74
SCHE
DULE
F5 :
OTHE
R EX
PENS
ESA
pp
end
ix II
Ref
er S
ched
ule
16
No
te 2
4
SCHE
DULE
F5 :
OTHE
R EX
PENS
ESA
pp
end
ix II
Ref
er S
ched
ule
16
No
te 2
4
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED Appendix II Refer Schedule 16 Note 24
stAs
at 3
1 M
arch
200
9Pa
rtic
ular
s
Sche
dule
s to
Fund
Rev
enue
Acc
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Pol
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dmin
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tion
Char
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er C
harg
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Mor
talit
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rge
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er P
rem
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Cha
rge
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tial W
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awal
Cha
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ella
neou
s Cha
rge
Ser
vice
Tax
Tota
l
stAs
at 3
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ular
s
Sche
dule
s to
Fund
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Acc
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Polic
y Adm
inist
ratio
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arge
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ende
r Cha
rge
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Cha
rge
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talit
y Cha
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r Pre
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e
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ial W
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l
Debt
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Gain
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thGr
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Fund
Fund
Fund
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ion
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Fund
Fu
nd -
II
Debt
Debt
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tyEq
uity
Equi
tyEq
uity
Equi
tyEq
uity
-
15,
369
2,3
26
-
-
1,6
64,5
93
20,
202
31,
352
1,5
51,3
12
-
-
-
-
-
-
-
-
-
36
206
4
4 5
6 1
85
4
2
318
8
35,6
31
14,
128
1,4
76
96,
082
225
,493
1
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7
84
23,
572
858
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9,88
9 3
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1
93
25,
180
32,
085
154
,122
3
5 5
,694
1
30,1
25
-
-
-
-
-
-
-
-
-
285
302
1
1 1
,066
2
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2
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1
24
504
1
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3,85
8 3
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1
85
9,9
63
23,
442
392
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3
,014
5
,058
5
47,6
34
49,6
99
37,
166
4,2
35
132
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2
83,2
17
3,3
71,0
13
24,
162
66,
498
3,0
89,2
85
Equi
tyIn
dex
Pens
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Mid
cap
Mid
cap
Mid
cap
Plus
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Debt
Liqu
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ty In
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2,72
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-
1
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13,
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-
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-
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15
2
27
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90
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25
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1,39
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266
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28,
946
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-
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15
119
2
88
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206
4,7
76
3,6
59
112
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29
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27
41,
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383
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1
9,56
2 5
0729
(Am
ount
in R
s. '0
00)
(Am
ount
in R
s. '0
00)
Annual Report 2008-2009
75
SCHE
DULE
F5 :
OTHE
R EX
PENS
ESA
pp
end
ix II
Ref
er S
ched
ule
16
No
te 2
4
SCHE
DULE
F5 :
OTHE
R EX
PENS
ESA
pp
end
ix II
Ref
er S
ched
ule
16
No
te 2
4
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED
(Am
ount
in R
s. '0
00)
stAs
at 3
1 M
arch
200
9Pa
rtic
ular
s
Sche
dule
s to
Fund
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Acc
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Pol
icy A
dmin
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tion
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ge
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harg
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y Cha
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er P
rem
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rge
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tial W
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ella
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s Cha
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vice
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Tota
l
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ular
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Sche
dule
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y Adm
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30,
108
-
1,9
54
4,1
39
9,7
81
15,
538
-
-
-
-
-
-
-
-
-
-
-
-
2
-
3
18
4
8
-
4,5
22
7
20,
270
-
1,3
53
3,2
73
4,4
99
6,4
08
-
-
-
7,0
14
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
16
2
34
-
15
11
122
9
2
1 4
93
75
22,
530
-
669
3
25
863
1
,424
1 5
,031
1
,114
7
9,95
7 -
3
,994
7
,766
1
5,27
0 2
3,47
1
Prem
ier
Equi
ty G
row
th
Equi
tyEq
uity
Stoc
kSt
ock
Fund
Fund
Fund
In
dex
Fund
Fu
nd
Fund
Pen
sion
Fund
Prem
ier
Pure
Pure
Pure
Secu
reSt
able
Tota
l
21,4
57
9,4
35
77,
826
185
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3
8 -
-
4
,984
,956
-
-
-
-
-
-
-
-
1 1
-
-
-
-
-
3
,219
15,1
16
6,5
30
31,
853
67,
718
3
-
-
3,3
98,9
39
-
-
3,1
68
9,0
42
-
-
-
496
,510
-
-
-
-
-
-
-
-
148
83
143
5
9 -
-
-
14,
860
3,68
7 2
,085
5
,017
2
9,30
6 2
2 2
71
205
1
,517
,770
40,4
09
18,
135
118
,007
2
91,1
58
63
271
2
05
10,
416,
254
rdIRDA Registration No. 116 dated 3 August, 2001
76
SCHE
DULE
F5 :
OTHE
R EX
PENS
ESA
pp
end
ix II
Ref
er S
ched
ule
16
No
te 2
4
SCHE
DULE
F5 :
OTHE
R EX
PENS
ESA
pp
end
ix II
Ref
er S
ched
ule
16
No
te 2
4
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED Appendix II Refer Schedule 16 Note 24
(Am
ount
in R
s. '0
00)
Sch
edul
eAc
cele
rate
d Ac
c Mid
Cap
Acc M
id C
apAs
set
Asse
tBa
lanc
edBa
lanc
edBa
lanc
edFu
nd
Pen
sion
Fund
Fund
Allo
catio
nAl
loca
tion
Fund
Plus
Fund
Plus
Pen
sion
Fund
Pe
nsio
n Fu
ndFu
nd
Part
icul
ars
(Am
ount
in R
s. '0
00)
Sch
edul
eAc
cele
rate
d Ac
c Mid
Cap
Acc M
id C
apAs
set
Asse
tBa
lanc
edBa
lanc
edBa
lanc
edFu
nd
Pen
sion
Fund
Fund
Allo
catio
nAl
loca
tion
Fund
Plus
Fund
Plus
Pen
sion
Fund
Pe
nsio
n Fu
ndFu
nd
Part
icul
ars
*Not
e: T
he N
et A
sset
Val
ue p
er u
nit c
alcu
late
d ab
ove
is b
efor
e ap
prop
riatio
n/ e
x pr
opria
tion
char
ge.
INCO
ME
FROM
INVE
STM
ENTS
EXPE
NSES
Inte
rest
Inco
me
Divi
dend
Inco
me
Prof
it/(L
oss)
exc
ludi
ng in
ter s
chem
ePr
ofit/
(Los
s) o
n in
ter f
und
tran
sfer
/sal
e of
inve
stm
ent
Unre
alise
d Ga
in/(
Loss
)M
iscel
lane
ous I
ncom
eTo
tal I
ncom
e (A
)
Fund
Adm
inist
ratio
n Ex
pens
esFu
nd M
anag
emen
t Exp
ense
sOt
her c
harg
esF -
5To
tal E
xpen
ses (
B)Ne
t Inc
ome/
(Los
s) fo
r the
Yea
r (A-
B)Ad
d: R
even
ue A
ccou
nt a
t the
beg
inni
ng o
f the
year
Fund
Rev
enue
Acc
ount
at t
he e
nd o
f the
year
SOUR
CES
OF FU
NDS
APPL
ICAT
ION
OF FU
NDS
Polic
y Hol
der's
Fund
s: Po
licy H
olde
rs C
ontr
ibut
ion
F -1
Reve
nue
Acco
unt
Tota
l
Inve
stm
ents
F -2
Curr
ent A
sset
sF -
3Le
ss : C
urre
nt Li
abili
ties a
nd P
rovi
sions
F -4
Net C
urre
nt A
sset
s To
tal
(a)N
et A
sset
s as p
er B
alan
ce S
heet
(Rs.
in th
ousa
nds)
(b
)Num
ber o
f Uni
ts O
utst
andi
ng (i
n th
ousa
nds)
Ne
t Ass
et V
alue
per
uni
t (a)
/(b)
(Rs.)
*
2,63
2 2
7 6
82
63,
816
614
-
-
-
13
0 1
,431
1
4,20
5 6
,543
2
2 -
-
-
11
,429
2
9,48
9 2
30,1
09
19,
357
5
-
-
-
(163
) (1
6) (2
21)
(4,5
80)
-
-
-
-
(1,0
78)
(10,
274)
(99,
370)
(521
,500
) (2
,180
) -
-
-
1,
019
736
1
0,21
2 1
1,66
9 9
8 -
-
-
13
,969
2
1,39
3 1
55,6
17
(424
,695
) (1
,441
) -
-
-
-
-
-
-
-
-
-
-
853
2,2
85
24,
749
23,
419
186
-
-
-
-
9
23
174
,155
2
50,5
18
272
-
-
-
85
3 3
,208
1
98,9
04
273
,937
4
58
-
-
-
13,1
16
18,
185
(43,
287)
(698
,632
) (1
,899
) -
-
-
4,
207
1,6
92
(8,2
20)
-
-
-
-
-
17,3
23
19,
877
(51,
507)
(698
,632
) (1
,899
) -
-
-
50,1
03
183
,700
2
,563
,250
1
0,84
2,77
6 2
88,2
58
1,5
03,1
03
923
,231
1
19,9
80
17,3
23
19,
877
(51,
507)
(698
,632
) (1
,899
) -
-
-
67
,426
2
03,5
77
2,5
11,7
43
10,
144,
144
286
,359
1
,503
,103
9
23,2
31
119
,980
64,0
31
196
,587
2
,341
,321
8
,887
,638
2
00,2
48
1,5
03,0
32
923
,222
1
19,9
78
3,46
1 1
5,98
7 2
11,3
37
1,4
89,4
18
93,
838
71
9
2
66
8,9
97
40,
915
232
,912
7
,727
-
-
-
3,
395
6,9
90
170
,422
1
,256
,506
8
6,11
1 7
1 9
2
67,4
26
203
,577
2
,511
,743
1
0,14
4,14
4 2
86,3
59
1,5
03,1
03
923
,231
1
19,9
80
67,4
26
203
,577
2
,511
,743
1
0,14
4,14
4 2
86,3
59
1,5
03,1
03
923
,231
1
19,9
80
4,63
5 1
3,45
1 1
66,9
30
1,0
16,8
69
29,
724
94,
731
51,
924
7,1
09
14.5
47
15.
135
15.
047
9.9
76
9.6
34
15.
867
17.
780
16.
877
Annual Report 2008-2009
77
stFu
nd B
alan
ce S
heet
as a
t 31
Mar
ch 2
008
Form
A-B
S (U
L)A
pp
end
ix II
Ref
er S
ched
ule
16
No
te 2
4
stFu
nd R
even
ue A
ccou
nt fo
r the
yea
r end
ed 3
1 M
arch
200
8Fo
rm A
-RA
(UL)
Ap
pen
dix
II R
efer
Sch
edu
le 1
6 N
ote
24
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED
(Am
ount
in R
s. '0
00)
INCO
ME
FROM
INVE
STM
ENTS
EXPE
NSES
Inte
rest
Inco
me
Divi
dend
Inco
me
Prof
it/(L
oss)
exc
ludi
ng in
ter s
chem
ePr
ofit/
(Los
s) o
n in
ter f
und
tran
sfer
/sal
e of
inve
stm
ent
Unre
alise
d Ga
in/(
Loss
)M
iscel
lane
ous I
ncom
eTo
tal I
ncom
e (A
)
Fund
Adm
inist
ratio
n Ex
pens
esFu
nd M
anag
emen
t Exp
ense
sOt
her c
harg
esF -
5To
tal E
xpen
ses (
B)Ne
t Inc
ome/
(Los
s) fo
r the
Yea
r (A-
B)Ad
d: R
even
ue A
ccou
nt a
t the
beg
inni
ng o
f the
year
Fund
Rev
enue
Acc
ount
at t
he e
nd o
f the
year
Sch
edul
e
Sch
edul
e
Part
icul
ars
(Am
ount
in R
s. '0
00)
Part
icul
ars
SOUR
CES
OF FU
NDS
APPL
ICAT
ION
OF FU
NDS
Polic
y Hol
der's
Fund
s: Po
licy H
olde
rs C
ontr
ibut
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F -1
Reve
nue
Acco
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Tota
l
Inve
stm
ents
F -2
Curr
ent A
sset
sF -
3Le
ss : C
urre
nt Li
abili
ties a
nd P
rovi
sions
F -4
Net C
urre
nt A
sset
s To
tal
(a)N
et A
sset
s as p
er B
alan
ce S
heet
(Rs.
in th
ousa
nds)
(b
)Num
ber o
f Uni
ts O
utst
andi
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n th
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nds)
Ne
t Ass
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alue
per
uni
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/(b)
(Rs.)
*
*Not
e: T
he N
et A
sset
Val
ue p
er u
nit c
alcu
late
d ab
ove
is b
efor
e ap
prop
riatio
n/ e
x pr
opria
tion
char
ge.
Bala
ncer
Fund
Pens
ion
Fund
Pens
ion
Guar
ante
eGu
aran
tee
Guar
ante
eFu
ndFu
ndFu
ndFu
nd- 2
012
Fund
- 201
4Fu
nd- 2
017
Bala
ncer
Bond
Bond
Capi
tal
Capi
tal
Capi
tal
Cash
Bala
ncer
Fund
Pens
ion
Fund
Pens
ion
Guar
ante
eGu
aran
tee
Guar
ante
eFu
ndFu
ndFu
ndFu
nd- 2
012
Fund
- 201
4Fu
nd- 2
017
Bala
ncer
Bond
Bond
Capi
tal
Capi
tal
Capi
tal
Cash
-
-
56,
954
4,9
33
6,2
45
424
2
,256
1
7,96
7 -
-
-
-
2
69
24
223
-
-
-
4
,835
8
18
1,3
82
89
763
8
,400
-
-
5
25
335
(3
11)
(80)
(3)
(918
)-
-
(3
,923
) 8
7 2
,635
4
22
3,2
30
30
-
-
16,
089
1,4
29
234
1
5 3
05
80,
471
-
-
74,
480
7,6
02
10,
454
894
6
,774
1
05,9
50
-
-
-
-
-
-
-
12,
533
-
-
7,3
17
638
1
,334
9
5 6
54
9,9
71
-
-
135
,338
9
01
2,9
13
206
1
,316
2
3,55
4 -
-
1
42,6
55
1,5
39
4,2
47
301
1
,970
4
6,05
8 -
-
(6
8,17
5) 6
,063
6
,207
5
93
4,8
04
59,
892
-
-
5,0
74
670
(9
6) (7
9) (2
00)
66,
437
-
-
(63,
101)
6,7
33
6,1
11
514
4
,604
1
26,3
29
-
-
1,2
53,8
18
91,
745
111
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7
,796
5
0,38
3 8
56,3
59
-
-
(63,
101)
6,7
33
6,1
11
514
4
,604
1
26,3
29
-
-
1,1
90,7
17
98,
478
117
,331
8
,310
5
4,98
7 9
82,6
88
-
-
1,0
83,6
50
92,
157
114
,922
8
,126
5
4,00
7 9
56,9
68
-
-
115
,049
1
1,47
1 2
,534
1
93
1,0
39
27,
578
-
-
7,9
82
5,1
50
125
9
5
9 1
,858
-
-
1
07,0
67
6,3
21
2,4
09
184
9
80
25,
720
-
-
1,1
90,7
17
98,
478
117
,331
8
,310
5
4,98
7 9
82,6
88
-
-
1,1
90,7
17
98,
478
117
,331
8
,310
5
4,98
7 9
82,6
88
-
-
104
,380
8
,529
1
0,68
7 7
52
4,8
58
80,
744
-
-
11.
408
11.
546
10.
979
11.
051
11.
319
12.
170
rdIRDA Registration No. 116 dated 3 August, 2001
78
stFu
nd B
alan
ce S
heet
as a
t 31
Mar
ch 2
008
Form
A-B
S (U
L)A
pp
end
ix II
Ref
er S
ched
ule
16
No
te 2
4
stFu
nd R
even
ue A
ccou
nt fo
r the
yea
r end
ed 3
1 M
arch
200
8Fo
rm A
-RA
(UL)
Ap
pen
dix
II R
efer
Sch
edu
le 1
6 N
ote
24
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED Appendix II Refer Schedule 16 Note 24
(Am
ount
in R
s. '0
00)
INCO
ME
FROM
INVE
STM
ENTS
EXPE
NSES
Inte
rest
Inco
me
Divi
dend
Inco
me
Prof
it/(L
oss)
exc
ludi
ng in
ter s
chem
ePr
ofit/
(Los
s) o
n in
ter f
und
tran
sfer
/sal
e of
inve
stm
ent
Unre
alise
d Ga
in/(
Loss
)M
iscel
lane
ous I
ncom
eTo
tal I
ncom
e (A
)
Fund
Adm
inist
ratio
n Ex
pens
esFu
nd M
anag
emen
t Exp
ense
sOt
her c
harg
esF -
5To
tal E
xpen
ses (
B)Ne
t Inc
ome/
(Los
s) fo
r the
Yea
r (A-
B)Ad
d: R
even
ue A
ccou
nt a
t the
beg
inni
ng o
f the
year
Fund
Rev
enue
Acc
ount
at t
he e
nd o
f the
year
Sch
edul
e
Sch
edul
e
Part
icul
ars
(Am
ount
in R
s. '0
00)
Part
icul
ars
SOUR
CES
OF FU
NDS
APPL
ICAT
ION
OF FU
NDS
Polic
y Hol
der's
Fund
s: Po
licy H
olde
rs C
ontr
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ion
F -1
Reve
nue
Acco
unt
Tota
l
Inve
stm
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F -2
Curr
ent A
sset
sF -
3Le
ss : C
urre
nt Li
abili
ties a
nd P
rovi
sions
F -4
Net C
urre
nt A
sset
s To
tal
(a)N
et A
sset
s as p
er B
alan
ce S
heet
(Rs.
in th
ousa
nds)
(b
)Num
ber o
f Uni
ts O
utst
andi
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n th
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nds)
Ne
t Ass
et V
alue
per
uni
t (a)
/(b)
(Rs.)
*
*Not
e: T
he N
et A
sset
Val
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er u
nit c
alcu
late
d ab
ove
is b
efor
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prop
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n/ e
x pr
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tion
char
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Cas
h Pl
usFu
nd P
ensi
onFu
ndFu
ndPe
nsio
nFu
ndGa
inGr
owth
Fund
Fu
ndFu
ndFu
nd
Cash
Plu
sDe
btDe
bt P
lus
Debt
Plu
sEq
uity
Equi
tyEq
uity
Cas
h Pl
usFu
nd P
ensi
onFu
ndFu
ndPe
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nFu
ndGa
inGr
owth
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Fu
ndFu
ndFu
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Cash
Plu
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bt P
lus
Debt
Plu
sEq
uity
Equi
tyEq
uity
35,4
32
3,5
78
94,
540
107
,270
8
,929
3
63
4,5
58
8,3
33
-
-
-
-
-
48,
982
65,
877
123
,238
11
,559
2
,096
2
,671
5
,981
7
88
501
,265
9
48,2
15
1,6
23,8
82
(1,3
68)
(160
) (1
0,74
9) (5
,525
) (1
62)
(10)
(1,1
92)
(2,8
49)
7 -
2
3,79
0 1
3,78
3 1
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4
28,8
83
(86,
527)
(1,3
74,3
80)
150,
637
12,
109
20,
586
31,
880
2,2
18
1,7
81
35,
766
108
,146
19
6,26
7 1
7,62
3 1
30,8
38
153
,389
1
2,78
3 9
81,2
64
966
,697
4
86,3
70
-
-
15,
182
-
-
60,
602
108
,475
-
13
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1
,091
1
2,07
6 1
0,24
2 8
49
48,
255
129
,715
2
97,7
04
20,1
77
1,4
12
19,
184
23,
445
2,0
08
53,
431
94,
516
1,8
69,8
86
33,2
63
2,5
03
46,
442
33,
687
2,8
57
162
,288
3
32,7
06
2,1
67,5
90
163,
004
15,
120
84,
396
119
,702
9
,926
8
18,9
76
633
,991
(1
,681
,220
)22
0,08
2 1
0,41
5 4
9,21
6 5
9,07
8 7
,208
1
,264
,084
1
,243
,295
(7
9,68
1)38
3,08
6 2
5,53
5 1
33,6
12
178
,780
1
7,13
4 2
,083
,060
1
,877
,286
(1
,760
,901
)
1,37
6,69
5 8
6,21
6 4
07,5
35
1,1
11,3
69
65,
700
1,8
51,4
92
7,2
49,0
11
28,
020,
683
383,
086
25,
535
133
,612
1
78,7
80
17,
134
2,0
83,0
60
1,8
77,2
86
(1,7
60,9
01)
1,75
9,78
1 1
11,7
51
541
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1
,290
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8
2,83
4 3
,934
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9
,126
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2
6,25
9,78
2
1,71
1,48
3 1
07,3
86
482
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1
,143
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7
6,26
8 3
,868
,996
8
,902
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2
4,50
7,70
2 49
,321
4
,431
6
9,52
1 1
57,6
33
6,6
47
82,
114
244
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2
,036
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1,
023
66
10,
377
11,
104
81
16,
558
20,
872
284
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48
,298
4
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5
9,14
4 1
46,5
29
6,5
66
65,
556
223
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1
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1,
759,
781
111
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5
41,1
47
1,2
90,1
49
82,
834
3,9
34,5
52
9,1
26,2
97
26,
259,
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1,75
9,78
1 1
11,7
51
541
,147
1
,290
,149
8
2,83
4 3
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9
,126
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2
6,25
9,78
2 13
7,47
6 8
,781
4
6,91
6 1
06,6
20
6,6
72
177
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3
32,3
07
1,9
44,7
13
12.8
01
12.
726
11.
534
12.
100
12.
415
22.
107
27.
463
13.
503
Annual Report 2008-2009
79
stFu
nd B
alan
ce S
heet
as a
t 31
Mar
ch 2
008
Form
A-B
S (U
L)A
pp
end
ix II
Ref
er S
ched
ule
16
No
te 2
4
stFu
nd R
even
ue A
ccou
nt fo
r the
yea
r end
ed 3
1 M
arch
200
8Fo
rm A
-RA
(UL)
Ap
pen
dix
II R
efer
Sch
edu
le 1
6 N
ote
24
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED
(Am
ount
in R
s. '0
00)
INCO
ME
FROM
INVE
STM
ENTS
EXPE
NSES
Inte
rest
Inco
me
Divi
dend
Inco
me
Prof
it/(L
oss)
exc
ludi
ng in
ter s
chem
ePr
ofit/
(Los
s) o
n in
ter f
und
tran
sfer
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e of
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stm
ent
Unre
alise
d Ga
in/(
Loss
)M
iscel
lane
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ncom
eTo
tal I
ncom
e (A
)
Fund
Adm
inist
ratio
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pens
esFu
nd M
anag
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sOt
her c
harg
esF -
5To
tal E
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ses (
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d: R
even
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ccou
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t the
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Fund
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enue
Acc
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at t
he e
nd o
f the
year
Sch
edul
e
Sch
edul
e
Part
icul
ars
(Am
ount
in R
s. '0
00)
Part
icul
ars
SOUR
CES
OF FU
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APPL
ICAT
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OF FU
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Polic
y Hol
der's
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s: Po
licy H
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nue
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abili
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nd P
rovi
sions
F -4
Net C
urre
nt A
sset
s To
tal
(a)N
et A
sset
s as p
er B
alan
ce S
heet
(Rs.
in th
ousa
nds)
(b
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f Uni
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nit c
alcu
late
d ab
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efor
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prop
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n/ e
x pr
opria
tion
char
ge.
Equi
ty G
row
thPe
nsio
nIn
dex
Inde
xPe
nsio
nPe
nsio
nM
idca
pPe
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usFu
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Fund
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tyEq
uity
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ty In
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ty In
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cap
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tyEq
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ty In
dex
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ty In
dex
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tyEq
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Mid
cap
Equi
ty M
idca
p
279
-
265
-
2
1
51
2
1,9
33
7,10
6 2
3,32
0 6
0,59
5 1
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4
,205
1
4,66
7 1
,847
2
6,31
8 17
1,37
5 2
35,4
18
123
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3
0,53
6 1
7,94
6 2
51,4
63
37,
922
458
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63)
(7)
(132
) 6
1
2 (2
15)
4
(172
)(1
75,2
91)
172
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55,7
41)
6,0
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811)
(83,
303)
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195)
(109
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1,0
01
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32
86
720
7
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9
34
11,
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3 4
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81
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5,92
6) 1
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96
30,
514
388
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-
-
-
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16,
274
-
-
17,7
34
23,
282
83,
775
1,9
62
5,9
30
19,
453
2,3
42
33,
334
10,8
76
37,
234
877
,858
1
,963
7
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1
7,95
6 1
,105
2
4,35
8 28
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6
0,51
6 9
61,6
33
3,9
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13,
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53,
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3,4
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57,
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372
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,960
) 3
4,77
6 (6
9,23
0) 1
36,5
13
27,
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330
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(8
93)
439
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,502
) 4
7,32
3 3
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2
44,4
33
34,
949
520
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(2
0,38
0) 8
11,3
17
(1,2
32,4
62)
82,
099
(65,
943)
380
,946
6
2,01
6 8
51,2
10
1,49
9,41
4 1
,217
,355
1
6,75
0,35
8 5
4,78
6 1
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,634
9
73,7
88
87,
721
1,3
64,0
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(20,
380)
811
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) 8
2,09
9 (6
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80,9
46
62,
016
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1,
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1
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1
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1
49,7
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1,35
1,47
3 1
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1
3,91
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5 1
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84
1,3
30,0
28
142
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2
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12
9,50
1 7
6,91
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3
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2
01,6
83
56,
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11,
192
106
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1,
940
10,
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07
31,
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31,
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31
24,
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127,
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47
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1
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1,47
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4 2
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1
5,51
7,89
6 1
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1,3
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91
1,3
54,7
34
149
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2
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11
1,42
1 7
2,51
5 1
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5
,564
8
7,34
4 6
4,29
2 6
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9
9,50
0 13
.274
2
7.97
6 1
5.18
3 2
4.60
1 1
4.89
2 2
1.07
2 2
3.59
9 2
2.26
4
rdIRDA Registration No. 116 dated 3 August, 2001
80
stFu
nd B
alan
ce S
heet
as a
t 31
Mar
ch 2
008
Form
A-B
S (U
L)A
pp
end
ix II
Ref
er S
ched
ule
16
No
te 2
4
stFu
nd R
even
ue A
ccou
nt fo
r the
yea
r end
ed 3
1 M
arch
200
8Fo
rm A
-RA
(UL)
Ap
pen
dix
II R
efer
Sch
edu
le 1
6 N
ote
24
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED Appendix II Refer Schedule 16 Note 24
(Am
ount
in R
s. '0
00)
INCO
ME
FROM
INVE
STM
ENTS
EXPE
NSES
Inte
rest
Inco
me
Divi
dend
Inco
me
Prof
it/(L
oss)
exc
ludi
ng in
ter s
chem
ePr
ofit/
(Los
s) o
n in
ter f
und
tran
sfer
/sal
e of
inve
stm
ent
Unre
alise
d Ga
in/(
Loss
)M
iscel
lane
ous I
ncom
eTo
tal I
ncom
e (A
)
Fund
Adm
inist
ratio
n Ex
pens
esFu
nd M
anag
emen
t Exp
ense
sOt
her c
harg
esF -
5To
tal E
xpen
ses (
B)Ne
t Inc
ome/
(Los
s) fo
r the
Yea
r (A-
B)Ad
d: R
even
ue A
ccou
nt a
t the
beg
inni
ng o
f the
year
Fund
Rev
enue
Acc
ount
at t
he e
nd o
f the
year
Sch
edul
e
Sch
edul
e
Part
icul
ars
(Am
ount
in R
s. '0
00)
Part
icul
ars
SOUR
CES
OF FU
NDS
APPL
ICAT
ION
OF FU
NDS
Polic
y Hol
der's
Fund
s: Po
licy H
olde
rs C
ontr
ibut
ion
F -1
Reve
nue
Acco
unt
Tota
l
Inve
stm
ents
F -2
Curr
ent A
sset
sF -
3Le
ss : C
urre
nt Li
abili
ties a
nd P
rovi
sions
F -4
Net C
urre
nt A
sset
s To
tal
(a)N
et A
sset
s as p
er B
alan
ce S
heet
(Rs.
in th
ousa
nds)
(b
)Num
ber o
f Uni
ts O
utst
andi
ng (i
n th
ousa
nds)
Ne
t Ass
et V
alue
per
uni
t (a)
/(b)
(Rs.)
*
*Not
e: T
he N
et A
sset
Val
ue p
er u
nit c
alcu
late
d ab
ove
is b
efor
e ap
prop
riatio
n/ e
x pr
opria
tion
char
ge.
Equi
tyPl
usPl
usDe
btLo
ngPe
nsio
nFu
ndBa
lanc
edBa
lanc
erFu
ndPe
nsio
n Fu
ndFu
ndGa
in Fu
ndFu
ndFu
ndFu
nd
Equi
tyGr
oup
Life
Liqu
idLi
quid
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ier
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ier
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tyPl
usPl
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lanc
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in Fu
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Equi
tyGr
oup
Life
Liqu
idLi
quid
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ier
Prem
ier
6,87
0 5
25
7
10,
093
577
4
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-
-
10
4,49
8 7
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-
-
-
-
-
-
1,
754,
944
163
,180
1
4 8
31
147
1
,163
-
-
(1
,818
) (1
53)
-
(144
) (2
5) (1
69)
-
-
(379
,292
) (3
9,79
1) -
5
14
-
-
-
-
54,0
16
3,1
65
-
2,7
79
1,8
54
16,
190
-
-
1,53
9,21
8 1
34,8
01
21
14,
073
2,5
53
21,
342
-
-
-
-
-
1,7
23
-
-
-
-
212,
979
15,
276
21
1,3
79
233
1
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-
-
13
6,33
1 7
,398
-
2
,098
1
,228
3
5,54
0 -
-
34
9,31
0 2
2,67
4 2
1 5
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1
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3
7,49
6 -
-
1,
189,
908
112
,127
-
8
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1
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(1
6,15
4) -
-
2,
231,
992
189
,942
-
3
,232
3
28
1,8
32
-
-
3,42
1,90
0 3
02,0
69
-
12,
105
1,4
20
(14,
322)
-
-
11,0
72,4
63
675
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4
6,15
7 1
67,0
28
26,
486
344
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7
7,11
4 -
3,
421,
900
302
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-
1
2,10
5 1
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(1
4,32
2) -
-
14
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9
77,1
40
46,
157
179
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2
7,90
6 3
30,0
56
77,
114
-
14,0
51,8
81
966
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-
1
67,6
99
24,
894
308
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7
7,11
4 -
48
0,07
3 1
1,43
1 4
6,15
7 1
1,75
7 3
,031
2
1,84
5 -
-
37
,591
1
,273
-
3
23
19
240
-
-
44
2,48
2 1
0,15
8 4
6,15
7 1
1,43
4 3
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2
1,60
5 -
-
14
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,363
9
77,1
40
46,
157
179
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2
7,90
6 3
30,0
56
77,
114
-
14,4
94,3
63
977
,140
4
6,15
7 1
79,1
33
27,
906
330
,056
7
7,11
4 -
51
2,03
5 3
9,17
8 4
,616
1
6,69
2 2
,421
2
8,54
7 5
,799
-
28
.307
2
4.94
1 9
.999
1
0.73
2 1
1.52
7 1
1.56
2 1
3.29
8 -
Annual Report 2008-2009
81
stFu
nd B
alan
ce S
heet
as a
t 31
Mar
ch 2
008
Form
A-B
S (U
L)A
pp
end
ix II
Ref
er S
ched
ule
16
No
te 2
4
stFu
nd R
even
ue A
ccou
nt fo
r the
yea
r end
ed 3
1 M
arch
200
8Fo
rm A
-RA
(UL)
Ap
pen
dix
II R
efer
Sch
edu
le 1
6 N
ote
24
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED
(Am
ount
in R
s. '0
00)
INCO
ME
FROM
INVE
STM
ENTS
EXPE
NSES
Inte
rest
Inco
me
Divi
dend
Inco
me
Prof
it/(L
oss)
exc
ludi
ng in
ter s
chem
ePr
ofit/
(Los
s) o
n in
ter f
und
tran
sfer
/sal
e of
inve
stm
ent
Unre
alise
d Ga
in/(
Loss
)M
iscel
lane
ous I
ncom
eTo
tal I
ncom
e (A
)
Fund
Adm
inist
ratio
n Ex
pens
esFu
nd M
anag
emen
t Exp
ense
sOt
her c
harg
esF -
5To
tal E
xpen
ses (
B)Ne
t Inc
ome/
(Los
s) fo
r the
Yea
r (A-
B)Ad
d: R
even
ue A
ccou
nt a
t the
beg
inni
ng o
f the
year
Fund
Rev
enue
Acc
ount
at t
he e
nd o
f the
year
Sch
edul
e
Sch
edul
e
Part
icul
ars
(Am
ount
in R
s. '0
00)
Part
icul
ars
SOUR
CES
OF FU
NDS
APPL
ICAT
ION
OF FU
NDS
Polic
y Hol
der's
Fund
s: Po
licy H
olde
rs C
ontr
ibut
ion
F -1
Reve
nue
Acco
unt
Tota
l
Inve
stm
ents
F -2
Curr
ent A
sset
sF -
3Le
ss : C
urre
nt Li
abili
ties a
nd P
rovi
sions
F -4
Net C
urre
nt A
sset
s To
tal
(a)N
et A
sset
s as p
er B
alan
ce S
heet
(Rs.
in th
ousa
nds)
(b
)Num
ber o
f Uni
ts O
utst
andi
ng (i
n th
ousa
nds)
Ne
t Ass
et V
alue
per
uni
t (a)
/(b)
(Rs.)
*
*Not
e: T
he N
et A
sset
Val
ue p
er u
nit c
alcu
late
d ab
ove
is b
efor
e ap
prop
riatio
n/ e
x pr
opria
tion
char
ge.
Bond
Debt
Equi
tyEq
uity
Gai
nEq
uity
Gro
wth
Equi
ty In
dex
Equi
tySt
ock
Fund
Fund
Fund
Fu
ndFu
ndFu
ndFu
nd
Fund
Prem
ier
Prem
ier
Prem
ier
Prem
ier
Prem
ier
Prem
ier
Pure
Pure
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tyEq
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nEq
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ty In
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tySt
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107
rdIRDA Registration No. 116 dated 3 August, 2001
82
stFu
nd B
alan
ce S
heet
as a
t 31
Mar
ch 2
008
Form
A-B
S (U
L)A
pp
end
ix II
Ref
er S
ched
ule
16
No
te 2
4
stFu
nd R
even
ue A
ccou
nt fo
r the
yea
r end
ed 3
1 M
arch
200
8Fo
rm A
-RA
(UL)
Ap
pen
dix
II R
efer
Sch
edu
le 1
6 N
ote
24
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED Appendix II Refer Schedule 16 Note 24
(Am
ount
in R
s. '0
00)
INCO
ME
FROM
INVE
STM
ENTS
EXPE
NSES
Inte
rest
Inco
me
Divi
dend
Inco
me
Prof
it/(L
oss)
exc
ludi
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ter s
chem
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und
tran
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stm
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Unre
alise
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year
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year
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edul
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Sch
edul
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Part
icul
ars
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ount
in R
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Part
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SOUR
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APPL
ICAT
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Polic
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s: Po
licy H
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ontr
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Reve
nue
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sset
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3Le
ss : C
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sions
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Net C
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tal
(a)N
et A
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alan
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(b
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t Ass
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ge.
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reSt
able
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nd
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5,66
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41,6
97
342,
290
1,6
73,4
17
26,1
66
128
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13
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1
3.03
3
Annual Report 2008-2009
83
stFu
nd B
alan
ce S
heet
as a
t 31
Mar
ch 2
008
Form
A-B
S (U
L)A
pp
end
ix II
Ref
er S
ched
ule
16
No
te 2
4
stFu
nd R
even
ue A
ccou
nt fo
r the
yea
r end
ed 3
1 M
arch
200
8Fo
rm A
-RA
(UL)
Ap
pen
dix
II R
efer
Sch
edu
le 1
6 N
ote
24
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED
(Am
ount
in R
s. '0
00)
stAs
at 3
1 M
arch
200
8Pa
rtic
ular
s
Sche
dule
s to
Fund
Rev
enue
Acc
ount
Open
ing
Bala
nce
Add
: Add
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dur
ing
the
year
Le
ss : D
educ
tion
durin
g th
e ye
ar
Clos
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Bala
nce
(Am
ount
in R
s. '0
00)
stAs
at 3
1 M
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200
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ular
s
Sche
dule
s to
Fund
Rev
enue
Acc
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ing
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nce
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: Add
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year
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ss : D
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in R
s. '0
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stAs
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ular
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lus
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dex
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1
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7
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2
8,02
0,68
3 1
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1
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1
6,75
0,35
8
SCHE
DULE
F1 :
POLI
CYHO
LDER
S' CO
NTRI
BUTI
ONA
pp
end
ix II
Ref
er S
ched
ule
16
No
te 2
4
rdIRDA Registration No. 116 dated 3 August, 2001
84
SCHE
DULE
F1 :
POLI
CYHO
LDER
S' CO
NTRI
BUTI
ONA
pp
end
ix II
Ref
er S
ched
ule
16
No
te 2
4
SCHE
DULE
F1 :
POLI
CYHO
LDER
S' CO
NTRI
BUTI
ONA
pp
end
ix II
Ref
er S
ched
ule
16
No
te 2
4
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED Appendix II Refer Schedule 16 Note 24
stAs
at 3
1 M
arch
200
9Pa
rtic
ular
s
Sche
dule
s to
Fund
Rev
enue
Acc
ount
Open
ing
Bala
nce
Add
: Add
ition
dur
ing
the
year
Le
ss : D
educ
tion
durin
g th
e ye
ar
Clos
ing
Bala
nce
stAs
at 3
1 M
arch
200
9Pa
rtic
ular
s
Sche
dule
s to
Fund
Rev
enue
Acc
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ing
Bala
nce
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: Add
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the
year
Le
ss : D
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Bala
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stAs
at 3
1 M
arch
200
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ular
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Sche
dule
s to
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nce
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: Add
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ss : D
educ
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nce
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ty
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ion
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ion
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cap
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Gain
Fund
Fund
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Fund
Fund
Fund
Fun
d F
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Fun
d F
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ty M
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tyEq
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sGr
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Long
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ier
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reSt
able
Tota
l Eq
uity
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xEq
uity
Stoc
kFu
ndFu
ndFu
nd Fu
ndFu
nd
(Am
ount
in R
s. '0
00)
(Am
ount
in R
s. '0
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(Am
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in R
s. '0
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71,4
79
170
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8
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614
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07,7
09
341
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1
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1
02,1
72,9
50
Annual Report 2008-2009
85
SCHE
DULE
F1 :
POLI
CYHO
LDER
S' CO
NTRI
BUTI
ONA
pp
end
ix II
Ref
er S
ched
ule
16
No
te 2
4
SCHE
DULE
F1 :
POLI
CYHO
LDER
S' CO
NTRI
BUTI
ONA
pp
end
ix II
Ref
er S
ched
ule
16
No
te 2
4
SCHE
DULE
F1 :
POLI
CYHO
LDER
S' CO
NTRI
BUTI
ONA
pp
end
ix II
Ref
er S
ched
ule
16
No
te 2
4
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED
(Am
ount
in R
s. '0
00)
stAs
at 3
1 M
arch
200
8Sc
hedu
les t
o Fu
nd R
even
ue A
ccou
nt
APPR
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INVE
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ENTS
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vern
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stru
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ty
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nk Fi
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Depo
sits
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l
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VEST
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TS
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ty
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tal
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f App
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l %
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ther
than
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l
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ion
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loca
tion
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ante
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aran
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id C
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Part
icul
ars
rdIRDA Registration No. 116 dated 3 August, 2001
86
SCHE
DULE
F2 :
INVE
STM
ENTS
Ap
pen
dix
II R
efer
Sch
edu
le 1
6 N
ote
24
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED Appendix II Refer Schedule 16 Note 24
(Am
ount
in R
s. '0
00)
stAs
at 3
1 M
arch
200
8Pa
rtic
ular
s
Sche
dule
s to
Fund
Rev
enue
Acc
ount
APPR
OVED
INVE
STM
ENTS
Go
vern
men
t Bon
ds
Corp
orat
e Bo
nds
Infra
stru
ctur
e Bo
nds
Equi
ty
Mon
ey M
arke
t M
utua
l Fun
d Ba
nk Fi
xed
Depo
sits
Tota
l
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R IN
VEST
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TS
Corp
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e Bo
nds
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stru
ctur
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nds
Equi
ty
Mon
ey M
arke
t M
utua
l Fun
d
Tota
l
Gran
d To
tal
% o
f App
rove
d to
Tota
l %
of O
ther
than
App
rove
d to
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l
Cash
Fund
Plus
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Fund
Plus
Plus
Fund
Gain
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thGr
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ion
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Fund
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Fund
Fund
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tyEq
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00%
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21.9
0%11
.94%
12.7
2%11
.61%
Annual Report 2008-2009
87
SCHE
DULE
F2 :
INVE
STM
ENTS
Ap
pen
dix
II R
efer
Sch
edu
le 1
6 N
ote
24
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED
(Am
ount
in R
s. '0
00)
stAs
at 3
1 M
arch
200
8Sc
hedu
les t
o Fu
nd R
even
ue A
ccou
nt
APPR
OVED
INVE
STM
ENTS
Go
vern
men
t Bon
ds
Corp
orat
e Bo
nds
Infra
stru
ctur
e Bo
nds
Equi
ty
Mon
ey M
arke
t M
utua
l Fun
d Ba
nk Fi
xed
Depo
sits
Tota
l
OTHE
R IN
VEST
MEN
TS
Corp
orat
e Bo
nds
Infra
stru
ctur
e Bo
nds
Equi
ty
Mon
ey M
arke
t M
utua
l Fun
d
Tota
l
Gran
d To
tal
% o
f App
rove
d to
Tota
l %
of O
ther
than
App
rove
d to
Tota
l
Part
icul
ars
Equi
tyIn
dex
Inde
xIn
dex
Pens
ion
Mid
cap
Mid
cap
Mid
cap
Plus
Plus
Debt
Fund
Fund
- II
Pens
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Fund
- II
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Plus
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Fund
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Equi
tyEq
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ty In
dex
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tyEq
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tyEq
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tyGr
oup
-
-
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29
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.37%
11.5
2%7.
45%
13.1
0%13
.52%
11.3
8%0.
00%
rdIRDA Registration No. 116 dated 3 August, 2001
88
SCHE
DULE
F2 :
INVE
STM
ENTS
Ap
pen
dix
II R
efer
Sch
edu
le 1
6 N
ote
24
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED Appendix II Refer Schedule 16 Note 24
(Am
ount
in R
s. '0
00)
stAs
at 3
1 M
arch
200
8Sc
hedu
les t
o Fu
nd R
even
ue A
ccou
nt
APPR
OVED
INVE
STM
ENTS
Go
vern
men
t Bon
ds
Corp
orat
e Bo
nds
Infra
stru
ctur
e Bo
nds
Equi
ty
Mon
ey M
arke
t M
utua
l Fun
d Ba
nk Fi
xed
Depo
sits
Tota
l
OTHE
R IN
VEST
MEN
TS
Corp
orat
e Bo
nds
Infra
stru
ctur
e Bo
nds
Equi
ty
Mon
ey M
arke
t M
utua
l Fun
d
Tota
l
Gran
d To
tal
% o
f App
rove
d to
Tota
l %
of O
ther
than
App
rove
d to
Tota
l
Part
icul
ars
Life
Long
Pens
ion
Fund
Bond
Debt
Equi
tyEq
uity
Equi
tyEq
uity
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tyGa
inFu
ndFu
ndFu
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in Fu
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owth
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x Fu
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78,
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941
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-
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118
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9
1,82
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6
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-
-
-
-
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-
-
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3
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-
-
-
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118
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308
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1
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5
41,7
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1
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9
41,0
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629
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100.
00%
100.
00%
100.
00%
100.
00%
100.
00%
78.0
6%89
.03%
92.3
8%78
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89.4
2%0.
00%
0.00
%0.
00%
0.00
%0.
00%
21.9
4%10
.97%
7.62
%21
.72%
10.5
8%
Annual Report 2008-2009
89
SCHE
DULE
F2 :
INVE
STM
ENTS
Ap
pen
dix
II R
efer
Sch
edu
le 1
6 N
ote
24
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED
(Am
ount
in R
s. '0
00)
stAs
at 3
1 M
arch
200
9Pa
rtic
ular
s
Sche
dule
s to
Fund
Rev
enue
Acc
ount
APPR
OVED
INVE
STM
ENTS
Go
vern
men
t Bon
ds
Corp
orat
e Bo
nds
Infra
stru
ctur
e Bo
nds
Equi
ty
Mon
ey M
arke
t M
utua
l Fun
d Ba
nk Fi
xed
Depo
sits
Tota
l
OTHE
R IN
VEST
MEN
TS
Corp
orat
e Bo
nds
Infra
stru
ctur
e Bo
nds
Equi
ty
Mon
ey M
arke
t M
utua
l Fun
d
Tota
l
Gran
d To
tal
% o
f App
rove
d to
Tota
l %
of O
ther
than
App
rove
d to
Tota
l
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Stoc
kFu
ndFu
ndFu
nd
Secu
reSt
able
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l
-
90,
633
124
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7
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-
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229
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3
3,31
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6
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1
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40
89.5
0%99
.75%
96.8
2%86
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10.5
0%0.
25%
3.18
%13
.20%
rdIRDA Registration No. 116 dated 3 August, 2001
90
SCHE
DULE
F2 :
INVE
STM
ENTS
Ap
pen
dix
II R
efer
Sch
edu
le 1
6 N
ote
24
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED Appendix II Refer Schedule 16 Note 24
(Am
ount
in R
s. '0
00)
stAs
at 3
1 M
arch
200
8Pa
rtic
ular
s
Sche
dule
s to
Fund
Rev
enue
Acc
ount
Accu
red
Inte
rest
Cash
and
ban
k ba
lanc
e
Divi
dend
Rec
eiva
ble
Rece
ivab
les f
or S
ale
of In
vest
men
ts
Unit
Colle
ctio
n A/
c
Othe
r Cur
rent
Ass
ets (
For I
nves
tmen
ts) :
Appl
icat
ion
Mon
ey
Tota
l
Acce
lera
ted
Fund
Pens
ion
Fund
Allo
catio
nAl
loca
tion
Fund
Plus
Plus
Fund
Fund
Fund
Pens
ion
Fund
Fund
Pens
ion
Fund
Acc M
id C
apAc
c Mid
Cap
Asse
tAs
set
Bala
nced
Bala
nced
Bala
nced
Bala
ncer
(Am
ount
in R
s. '0
00)
stAs
at 3
1 M
arch
200
8Pa
rtic
ular
s
Sche
dule
s to
Fund
Rev
enue
Acc
ount
Accu
red
Inte
rest
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and
ban
k ba
lanc
e
Divi
dend
Rec
eiva
ble
Rece
ivab
les f
or S
ale
of In
vest
men
ts
Unit
Colle
ctio
n A/
c
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r Cur
rent
Ass
ets (
For I
nves
tmen
ts) :
Appl
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Mon
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l
1,69
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9
7,36
8 2
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64
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1
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1,9
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15,
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16,
333
-
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-
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-
-
-
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-
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3,46
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5,98
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ante
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aran
tee
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ante
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usPl
usFu
ndFu
ndFu
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Fund
- 201
4Fu
nd- 2
017
Fund
Pens
ion
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tal
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tal
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tal
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Cash
Cash
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30,
706
2,7
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64
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4
05
7,2
38
849
3
,586
-
72,
078
8,7
58
61
49
627
2
0,34
0 4
8,47
2 8
45
-
-
-
9
1
7
-
-
-
-
12,
265
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
115
,049
1
1,47
1 2
,534
1
93
1,0
39
27,
578
49,
321
4,4
31
Annual Report 2008-2009
91
SCHE
DULE
F3 :
CURR
ENT
ASSE
TSA
pp
end
ix II
Ref
er S
ched
ule
16
No
te 2
4
SCHE
DULE
F3 :
CURR
ENT
ASSE
TSA
pp
end
ix II
Ref
er S
ched
ule
16
No
te 2
4
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED
(Am
ount
in R
s. '0
00)
stAs
at 3
1 M
arch
200
8Pa
rtic
ular
s
Sche
dule
s to
Fund
Rev
enue
Acc
ount
Accu
red
Inte
rest
Cash
and
ban
k ba
lanc
e
Divi
dend
Rec
eiva
ble
Rece
ivab
les f
or S
ale
of In
vest
men
ts
Unit
Colle
ctio
n A/
c
Othe
r Cur
rent
Ass
ets (
For I
nves
tmen
ts) :
Appl
icat
ion
Mon
ey
Tota
l
(Am
ount
in R
s. '0
00)
stAs
at 3
1 M
arch
200
8Pa
rtic
ular
s
Sche
dule
s to
Fund
Rev
enue
Acc
ount
Accu
red
Inte
rest
Cash
and
ban
k ba
lanc
e
Divi
dend
Rec
eiva
ble
Rece
ivab
les f
or S
ale
of In
vest
men
ts
Unit
Colle
ctio
n A/
c
Othe
r Cur
rent
Ass
ets (
For I
nves
tmen
ts) :
Appl
icat
ion
Mon
ey
Tota
l
Debt
Fund
Plus
Plus
Fund
Gain
Grow
thGr
owth
Inde
xIn
dex
Fund
Pens
ion
Fund
Fund
Fund
Pens
ion
Fund
Fund
Fund
- II
Debt
Debt
Equi
tyEq
uity
Equi
tyEq
uity
Equi
tyEq
uity
39,2
12
46,
915
4,5
72
-
-
1,2
39
-
-
-
22,1
32
100
,497
2
,075
8
0,73
6 2
41,0
16
2,0
32,5
70
129
,501
7
6,20
1 1
,910
,093
-
-
-
1,3
78
-
-
-
712
3
,393
8,17
7 1
0,22
1 -
-
3
,835
2
,557
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
69,5
21
157
,633
6
,647
8
2,11
4 2
44,8
51
2,0
36,3
66
129
,501
7
6,91
3 1
,913
,486
Equi
tyIn
dex
Inde
x Pe
nsio
nM
idca
pM
idca
pM
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pPl
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btLo
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ndFu
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in Fu
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tyEq
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Equi
tyEq
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tyEq
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Grou
pLi
fe
-
-
-
-
-
-
-
-
5,7
87
3,1
97
201
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3
2,38
6 9
,067
7
4,55
3 4
73,4
92
11,
431
46,
157
5,9
70
57
265
5
01
179
9
21
-
-
-
-
-
-
23,
305
1,9
46
30,
657
6,5
81
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
3,2
54
201
,683
5
6,19
2 1
1,19
2 1
06,1
31
480
,073
1
1,43
1 4
6,15
7 1
1,75
7
rdIRDA Registration No. 116 dated 3 August, 2001
92
SCHE
DULE
F3 :
CURR
ENT
ASSE
TSA
pp
end
ix II
Ref
er S
ched
ule
16
No
te 2
4
SCHE
DULE
F3 :
CURR
ENT
ASSE
TSA
pp
end
ix II
Ref
er S
ched
ule
16
No
te 2
4
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED Appendix II Refer Schedule 16 Note 24
(Am
ount
in R
s. '0
00)
stAs
at 3
1 M
arch
200
8Pa
rtic
ular
s
Sche
dule
s to
Fund
Rev
enue
Acc
ount
Accu
red
Inte
rest
Cash
and
ban
k ba
lanc
e
Divi
dend
Rec
eiva
ble
Rece
ivab
les f
or S
ale
of In
vest
men
ts
Unit
Colle
ctio
n A/
c
Othe
r Cur
rent
Ass
ets (
For I
nves
tmen
ts) :
Appl
icat
ion
Mon
ey
Tota
l
(Am
ount
in R
s. '0
00)
stAs
at 3
1 M
arch
200
8Pa
rtic
ular
s
Sche
dule
s to
Fund
Rev
enue
Acc
ount
Accu
red
Inte
rest
Cash
and
ban
k ba
lanc
e
Divi
dend
Rec
eiva
ble
Rece
ivab
les f
or S
ale
of In
vest
men
ts
Unit
Colle
ctio
n A/
c
Othe
r Cur
rent
Ass
ets (
For I
nves
tmen
ts) :
Appl
icat
ion
Mon
ey
Tota
l
Liqu
idPe
nsio
nFu
ndBa
lanc
edBa
lanc
erBo
ndDe
btEq
uity
Equi
tyEq
uity
Fund
Fund
Fund
Fund
Fund
Fund
Gain
Fund
Grow
th Fu
nd
Liqu
idPr
emie
rPr
emie
rPr
emie
rPr
emie
rPr
emie
rPr
emie
rPr
emie
r
855
4,2
48
-
-
5,5
20
6,6
46
-
430
-
2,17
6 1
7,59
7 -
-
2
,462
-
4
50
250
5
4,04
3
-
-
-
-
-
-
164
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
3,03
1 2
1,84
5 -
-
7
,982
6
,646
6
14
680
5
4,04
3
-
-
-
3,8
11
43,
520
312
,156
58,1
72
30,
657
38,
151
165
,325
7
90
7,6
49,0
41
251
481
4
06
-
-
12,
890
-
4,3
97
6,1
61
20,
442
-
163
,959
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
58,4
23
35,
535
44,
718
189
,578
4
4,31
0 8
,138
,046
Prem
ier
Equi
tyEq
uity
Stoc
kFu
ndFu
ndIn
dex
Fund
Fund
Fund
Pure
Pure
Secu
reSt
able
Tota
l
Annual Report 2008-2009
93
SCHE
DULE
F3 :
CURR
ENT
ASSE
TSA
pp
end
ix II
Ref
er S
ched
ule
16
No
te 2
4
SCHE
DULE
F3 :
CURR
ENT
ASSE
TSA
pp
end
ix II
Ref
er S
ched
ule
16
No
te 2
4
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED
(Am
ount
in R
s. '0
00)
stAs
at 3
1 M
arch
200
8Pa
rtic
ular
s
Sche
dule
s to
Fund
Rev
enue
Acc
ount
Paya
ble
for p
urch
ase
of In
vest
men
ts
Othe
r Cur
rent
Liab
ilitie
s:
Unit
Paya
ble
A/c
Tota
l
Acce
lera
ted
Fund
Pens
ion
Fund
Allo
catio
nAl
loca
tion
Fund
Plus
Plus
Fund
Fund
Fund
Pen
sion
Fund
Fund
Pens
ion
Fund
Acc M
id C
apAc
c Mid
Cap
Asse
tAs
set
Bala
nced
Bala
nced
Bala
nced
Bala
ncer
(Am
ount
in R
s. '0
00)
stAs
at 3
1 M
arch
200
8Pa
rtic
ular
s
Sche
dule
s to
Fund
Rev
enue
Acc
ount
Paya
ble
for p
urch
ase
of In
vest
men
ts
Othe
r Cur
rent
Liab
ilitie
s:
Unit
Paya
ble
A/c
Tota
l
(Am
ount
in R
s. '0
00)
stAs
at 3
1 M
arch
200
8Pa
rtic
ular
s
Sche
dule
s to
Fund
Rev
enue
Acc
ount
Paya
ble
for p
urch
ase
of In
vest
men
ts
Othe
r Cur
rent
Liab
ilitie
s:
Unit
Paya
ble
A/c
Tota
l
Debt
Fund
Plus
Plus
Fund
Gain
Grow
thGr
owth
Inde
xIn
dex
Fund
Pens
ion
Fund
Fund
Fund
Pens
ion
Fund
Fund
Fund
- II
Debt
Debt
Equi
tyEq
uity
Equi
tyEq
uity
Equi
tyEq
uity
-
8,7
29
37,
720
224
,567
7
,581
-
-
-
-
66
268
3
,195
8
,345
1
46
-
-
-
-
-
-
-
-
-
-
-
-
-
66
8,9
97
40,
915
232
,912
7
,727
-
-
-
-
-
7,1
20
5,0
86
-
-
-
-
-
-
-
862
6
4 1
25
9
59
1,8
58
1,0
23
66
-
-
-
-
-
-
-
-
-
-
7,9
82
5,1
50
125
9
5
9 1
,858
1
,023
6
6
8,13
7 1
0,17
1 -
7
,523
-
2
49,9
32
-
8,0
26
293
,817
2,2
40
933
8
1 9
,035
2
0,87
2 3
4,35
4 1
,940
2
,123
1
3,20
8
-
-
-
-
-
-
-
-
-
10,
377
11,
104
81
16,
558
20,
872
284
,286
1
,940
1
0,14
9 3
07,0
25
Bala
ncer
Pens
ion
Fund
Pens
ion
Guar
ante
eGu
aran
tee
Guar
ante
eFu
ndPl
usPl
usFu
ndFu
ndFu
nd- 2
012
Fund
- 201
4Fu
nd- 2
017
Fund
Pens
ion
Fund
Bond
Bond
Capi
tal
Capi
tal
Capi
tal
Cash
Cash
Cash
rdIRDA Registration No. 116 dated 3 August, 2001
94
SCHE
DULE
F4 :
CURR
ENT
LIAB
ILIT
IES
Ap
pen
dix
II R
efer
Sch
edu
le 1
6 N
ote
24
SCHE
DULE
F4 :
CURR
ENT
LIAB
ILIT
IES
Ap
pen
dix
II R
efer
Sch
edu
le 1
6 N
ote
24
SCHE
DULE
F4 :
CURR
ENT
LIAB
ILIT
IES
Ap
pen
dix
II R
efer
Sch
edu
le 1
6 N
ote
24
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED Appendix II Refer Schedule 16 Note 24
(Am
ount
in R
s. '0
00)
stAs
at 3
1 M
arch
200
8Pa
rtic
ular
s
Sche
dule
s to
Fund
Rev
enue
Acc
ount
Paya
ble
for p
urch
ase
of In
vest
men
ts
Othe
r Cur
rent
Liab
ilitie
s:
Unit
Paya
ble
A/c
Tota
l
(Am
ount
in R
s. '0
00)
stAs
at 3
1 M
arch
200
8Pa
rtic
ular
s
Sche
dule
s to
Fund
Rev
enue
Acc
ount
Paya
ble
for p
urch
ase
of In
vest
men
ts
Othe
r Cur
rent
Liab
ilitie
s:
Unit
Paya
ble
A/c
Tota
l
(Am
ount
in R
s. '0
00)
stAs
at 3
1 M
arch
200
8Pa
rtic
ular
s
Sche
dule
s to
Fund
Rev
enue
Acc
ount
Paya
ble
for p
urch
ase
of In
vest
men
ts
Othe
r Cur
rent
Liab
ilitie
s:
Unit
Paya
ble
A/c
Tota
l
Equi
tyIn
dex
Inde
x Pe
nsio
nM
idca
pM
idca
pM
idca
pPl
usPl
usDe
btGa
inPe
nsio
n Fu
ndFu
nd -
IIFu
ndPe
nsio
n Fu
ndPl
us Fu
ndFu
ndPe
nsio
n Fu
ndFu
ndFu
nd
Equi
tyEq
uity
Equi
tyEq
uity
Equi
tyEq
uity
Grou
pLi
fe Lo
ng
Equi
tyEq
uity
Stoc
kFu
ndFu
ndIn
dex
Fund
Fund
Fund
Prem
ier
Pure
Pure
Secu
reSt
able
Tota
l
341
30,
928
28,
413
3,4
46
21,
836
19,
488
-
-
-
166
1
,048
3
,073
1
85
2,7
14
18,
103
1,2
73
-
323
-
-
-
-
-
-
-
-
-
507
3
1,97
6 3
1,48
6 3
,631
2
4,55
0 3
7,59
1 1
,273
-
3
23
Liqu
idPe
nsio
nFu
ndBa
lanc
edBa
lanc
erBo
ndDe
btEq
uity
Equi
tyEq
uity
Fund
Fund
Fund
Fund
Fund
Fund
Gain
Fund
Grow
th Fu
nd
Liqu
idPr
emie
rPr
emie
rPr
emie
rPr
emie
rPr
emie
rPr
emie
rPr
emie
r
-
-
-
-
-
-
-
12,
277
48,
149
19
240
-
-
4
02
1,2
37
1,0
56
1,6
53
4,3
33
-
-
-
-
-
-
-
-
-
19
240
-
-
4
02
1,2
37
1,0
56
13,
930
52,
482
10,
348
983
2
,458
2
0,34
3 5
3,45
7 1
,120
,876
2,0
75
780
8
97
123
8
41
141
,413
-
-
-
-
-
-
12,
423
1,7
63
3,3
55
20,
466
54,
298
1,2
62,2
89
Annual Report 2008-2009
95
SCHE
DULE
F4 :
CURR
ENT
LIAB
ILIT
IES
Ap
pen
dix
II R
efer
Sch
edu
le 1
6 N
ote
24
SCHE
DULE
F4 :
CURR
ENT
LIAB
ILIT
IES
Ap
pen
dix
II R
efer
Sch
edu
le 1
6 N
ote
24
SCHE
DULE
F4 :
CURR
ENT
LIAB
ILIT
IES
Ap
pen
dix
II R
efer
Sch
edu
le 1
6 N
ote
24
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED
(Am
ount
in R
s. '0
00)
stAs
at 3
1 M
arch
200
8Pa
rtic
ular
s
Sche
dule
s to
Fund
Rev
enue
Acc
ount
Pol
icy A
dmin
istra
tion
Char
ge
Sur
rend
er C
harg
e
Sw
itchi
ng C
harg
e
Mor
talit
y Cha
rge
Rid
er P
rem
ium
Cha
rge
Par
tial W
ithdr
awal
Cha
rge
Misc
ella
neou
s Cha
rge
Tota
l
(Am
ount
in R
s. '0
00)
stAs
at 3
1 M
arch
200
8Pa
rtic
ular
s
Sche
dule
s to
Fund
Rev
enue
Acc
ount
Polic
y Adm
inist
ratio
n Ch
arge
Surr
ende
r Cha
rge
Switc
hing
Cha
rge
Mor
talit
y Cha
rge
Ride
r Pre
miu
m C
harg
e
Part
ial W
ithdr
awal
Cha
rge
Misc
ella
neou
s Cha
rge
Tota
l
Acce
lera
ted
Fund
Pens
ion
Fund
Allo
catio
nAl
loca
tion
Fund
Pens
ion
Guar
ante
eGu
aran
tee
Fund
Fund
Pens
ion
Fund
Fund
Fund
- 201
2Fu
nd- 2
014
Acc M
id C
apAc
c Mid
Cap
Asse
tAs
set
Bond
Bond
Capi
tal
Capi
tal
-
897
8
6,75
5 1
86,9
99
-
64,
016
879
1
,602
1
04
-
-
-
-
-
-
-
-
-
-
1
2
-
-
32
12
-
-
-
9
74,
532
59,
044
255
4
8,71
3 2
1
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1
01
-
1
12,
684
4,4
75
17
22,
490
-
-
-
-
-
-
-
-
-
-
-
-
-
15
182
-
-
8
7 8
1
3 1
-
923
1
74,1
55
250
,518
2
72
135
,338
9
01
2,9
13
206
Capi
tal
Guar
ante
e Fu
ndPl
usPl
usFu
ndPl
usPl
usFu
ndGa
inFu
nd- 2
017
Fund
Pens
ion
Fund
Fund
Pens
ion
Fund
Fund
Cash
Ca
shCa
shDe
btDe
btDe
btEq
uity
Equi
ty
759
-
4
,263
7
12
-
6,7
99
962
-
-
-
-
-
-
-
-
-
-
-
-
318
2
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1
10
107
9
83
194
8
8 4
44
551
1
5,94
0 1
1,17
2 3
48
14,
418
12,
827
545
3
8,89
0 7
0,87
9
-
6,7
41
1,7
50
42
3,9
86
2,0
66
86
11,
847
18,
467
-
-
-
-
-
-
-
-
-
6
555
9
57
200
6
73
770
2
21
2,6
06
4,7
26
1,3
16
23,
554
20,
177
1,4
12
19,
184
23,
445
2,0
08
53,
431
94,
516
rdIRDA Registration No. 116 dated 3 August, 2001
96
SCHE
DULE
F5 :
OTHE
R EX
PENS
ESA
pp
end
ix II
Ref
er S
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BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED Appendix III Refer Schedule 16 Note 24
Disclosure for Unit Linked Business as per Unit Linked Disclosure Norms:
I. Investment Management
i) Activities outsourced: Fund Accounting (Part of the year).
ii) Fess paid for various activities charged to Policyholders' account: Refer Enclosure “B”.
iii) Basis of Payment of Fees: Refer Enclosure “B”.
II. Related party transactions
i) During the year no brokerage, custodial fees and any other payments and receipts made to/from related parties (Previous year: NIL).
ii) Company wise details of investments held in the promoter group along with its percentage to funds under stmanagement: As on 31 March 09 no investments is held in the promoter group (Previous year NIL)
III. Industry wise Disclosure of Investment: Refer Enclosure “C”.
stIV. Unclaimed redemption of Units: As on 31 March 09 there is no unclaimed redemption of units.
V. Highest, Lowest and Closing NAV at the end of the year: Refer Enclosure “D”. VI. Expenses Charged to Fund (percentage basis) :
i) Annualized expense ratio to average daily assets of the Fund: Refer Enclosure “E”
VII. Ratio of Gross income to average daily net assets: Refer Enclosure “F”
stVIII.There are no doubtful debts on assets as on 31 March 09.
IX. Disclosure of appreciation and/or depreciation in value of investments: Refer Enclosure “G”
I. Performance of Fund: Refer Enclosure “A”
Schedules forming part of financial statements for year ended 31st March 2009
Annual Report 2008-2009
Appendix III Refer Schedule 16 Note 24
99
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED
Enclosure A : Performance of Fund (Absolute Growth %)
Fund Names Date of Current Year SinceInception 2008-09 (%) 2007-08 (%) 2006-07 (%) Inception (%)
Accelerated Fund 18-Nov-04 (2.42) 19.43 6.78 42.18 Acc Mid Cap Pension Fund 24-Jul-06 (41.49) 27.58 18.99 (11.18)Acc Mid Cap Fund 24-Jul-06 (41.27) 23.31 22.39 (11.37)Asset Allocation Fund 28-Sep-07 (8.12) 0.04 NA (8.08)Asset Allocation Pension Fund 28-Jan-08 (8.37) (3.44) NA (11.52)Balanced Fund 15-Jan-04 (15.64) 15.44 7.56 34.44 Balanced Plus Fund 23-Jul-04 (12.56) 15.63 8.36 55.96 Balanced Plus Pension Fund 18-Nov-04 (11.93) 16.30 9.10 48.65 Bond Fund 10-Jul-06 13.22 9.54 4.15 29.17 Bond Pension Fund 24-Jul-06 14.26 10.55 4.46 31.95 Capital Guarantee Fund- 2012 11-Jan-07 (0.89) 9.90 (0.66) 8.92 Capital Guarantee Fund- 2014 11-Jan-07 (3.64) 12.88 (10.39) 6.59 Capital Guarantee Fund- 2017 11-Jan-07 (10.56) 13.76 (2.20) 1.33 Capital Shield Fund- I 24-Nov-08 4.59 - NA 4.59 Capital Shield Fund- II 24-Nov-08 3.98 - NA 3.98 Cash Fund 15-Jan-04 9.12 8.63 5.39 32.93 Cash Plus Fund 23-Jul-04 10.73 10.19 6.99 41.89 Cash Plus Pension Fund 18-Nov-04 10.77 10.87 7.18 41.11 Debt Fund 15-Jan-04 11.45 8.77 3.60 28.29 Debt Plus Fund 23-Jul-04 13.99 10.21 5.06 37.45 Debt Plus Pension Fund 18-Nov-04 13.26 10.40 5.61 40.38 Equity Fund 15-Jan-04 (36.44) 21.85 11.67 41.42 Equity Gain Fund 23-Jul-04 (30.48) 12.89 4.95 91.86 Equity Growth Fund 24-Jul-06 (34.55) 14.34 18.45 (11.36)Equity Growth Pension Fund 24-Jul-06 (34.41) 12.20 18.66 (12.68)Equity Index Fund 23-Jul-04 (35.57) 23.62 12.47 81.90 Equity Index Fund - II 24-Jul-06 (35.59) 22.93 23.87 (1.92)Equity Index Pension Fund 18-Nov-04 (35.62) 23.21 13.08 59.82 Equity Index Pension Fund - II 24-Jul-06 (35.64) 22.82 21.58 (3.89)Equity Midcap Fund 9-Mar-05 (31.01) 15.31 4.20 46.09 Equity Midcap Pension Fund 9-Mar-05 (29.05) 21.96 6.80 68.23 Equity Midcap Plus Fund 9-Mar-05 (30.89) 18.45 5.11 54.61 Equity Plus Fund 23-Jul-04 (29.76) 12.97 6.11 99.81 Equity Plus Pension Fund 18-Nov-04 (27.68) 13.51 7.08 81.27 Group Debt Fund 26-Mar-08 12.59 - NA 12.59 Group Liquid Fund 3-Nov-08 5.17 - NA 5.17 Group Short Term Debt Fund 28-Feb-09 0.18 - NA 0.18 Life Long Gain Fund 23-Jul-04 11.20 8.49 4.30 19.44 Liquid Pension Fund 24-Jul-06 10.57 9.96 4.84 27.46 Liquid Fund 10-Jul-06 10.38 9.97 5.15 27.63 Premier Balanced Fund 17-Dec-05 (12.31) 13.99 7.25 16.60 Premier Bond Fund 21-Jul-06 10.62 7.94 2.79 22.73 Premier Debt Fund 17-Dec-05 11.68 8.43 4.11 27.90 Premier Equity Fund 17-Dec-05 (36.48) 21.99 11.34 3.71 Premier Equity Gain Fund 17-Dec-05 (28.62) 9.14 5.20 3.78 Premier Equity Growth Fund 24-Jul-06 (36.92) 9.42 20.51 (16.82)Premier Equity Index Fund 24-Jul-06 (36.82) 21.24 22.42 (6.23)Pure Equity Fund 17-Dec-05 (17.04) 19.38 (0.38) 21.14 Pure Stock Fund 21-Jul-06 (17.88) 24.49 13.66 16.20 Pure Stock Pension Fund 17-Apr-08 (19.66) - NA (19.66)Secure Fund 15-Oct-04 3.69 16.47 6.31 35.75 Stable Fund 15-Sep-04 1.48 14.25 4.46 32.46
Appendix III Refer Schedule 16 Note 24
rdIRDA Registration No. 116 dated 3 August, 2001
100
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED Appendix III Refer Schedule 16 Note 24
Enclosure B: Fees Charged to Policyholders' Account
2008-09 2007-08Particulars Fund Fund Miscella- Miscella- Policy Switching Mortality Rider Fund Fund Miscella- Policy Switching Mortality Rider
Manage- Admini- neous neous Admini- Charge Charge Premium Manage- Admini- neous Admini- Charge Charge Premiumment stration Charge Charge stration Charge ment stration Charge stration Charge
Expenses Expenses -Service Charge Expenses Expenses ChargeTax
Accelerated Fund 662 - - 32 - - - - 853 - - - - - - Acc Mid Cap Pension Fund 3,062 - 16 290 2,238 - 83 7 2,285 - 15 897 1 9 1 Acc Mid Cap Fund 44,674 - 213 27,488 138,126 - 105,768 14,324 24,749 - 182 86,755 2 74,532 12,684 Asset Allocation Fund 153,141 - 948 339,653 880,968 - 266,848 18,656 23,419 - - 186,999 - 59,044 4,475 Asset Allocation Pension Fund 5,267 - 32 2,581 13,132 - 2,217 111 186 - - - - 255 17 Balanced Fund - - - - - - - - - - - - - - - Balanced Plus Fund - - - - - - - - - - - - - - - Balanced Plus Pension Fund - - - - - - - - - - - - - - - Bond Fund 16,715 - 118 40,231 106,285 10 70,532 23,887 7,317 - 87 64,016 32 48,713 22,490 Bond Pension Fund 1,525 - 9 1,009 1,963 4 59 4 638 - 8 879 12 2 - Capital Guarantee Fund- 2012 1,400 - 9 279 2,300 - 1,774 - 1,334 - 13 1,602 - 1,298 - Capital Guarantee Fund- 2014 97 - 1 20 150 - 140 - 95 - 1 104 - 101 - Capital Guarantee Fund- 2017 621 - 4 120 1,089 - 744 - 654 - 6 759 - 551 - Capital Shield Fund- I 4,402 - - 508 - - - - - - - - - - - Capital Shield Fund- II 1,430 - - 156 - - - - - - - - - - - Cash Fund 10,291 12,863 123 4,140 1 175 33,931 13,678 9,971 12,533 555 - 318 15,940 6,741 Cash Plus Fund 10,262 - 314 2,258 11,210 845 84,188 3,188 13,086 - 957 4,263 2,035 11,172 1,750 Cash Plus Pension Fund 731 - 9 117 4,248 61 1,071 97 1,091 - 200 712 110 348 42 Debt Fund 12,354 15,442 285 3,858 - 36 35,631 9,889 12,076 15,182 673 - 107 14,418 3,986 Debt Plus Fund 9,477 - 302 3,555 15,369 206 14,128 3,607 10,242 - 770 6,799 983 12,827 2,066 Debt Plus Pension Fund 975 - 11 185 2,326 44 1,476 193 849 - 221 962 194 545 86 Equity Fund 38,343 47,929 1,066 9,963 - 56 96,082 25,180 48,255 60,602 2,606 - 88 38,890 11,847 Equity Gain Fund 116,875 97,396 2,012 23,442 - 185 225,493 32,085 129,715 108,475 4,726 - 444 70,879 18,467 Equity Growth Fund 503,160 - 2,417 392,524 1,664,593 4 1,157,353 154,122 297,704 - 2,273 978,013 16 754,681 134,903 Equity Growth Pension Fund 24,333 - 124 3,014 20,202 2 784 35 17,734 - 140 10,648 6 77 5 Equity Index Fund 20,760 - 504 5,058 31,352 318 23,572 5,694 23,282 - 1,224 13,995 609 17,992 3,414 Equity Index Fund - II 231,794 - 1,506 547,634 1,551,312 8 858,700 130,125 83,775 - 739 500,668 21 320,266 56,164 Equity Index Pension Fund 1,554 - 15 206 2,720 15 1,392 266 1,962 - 246 1,069 41 482 125 Equity Index Pension Fund - II 17,359 - 119 4,776 26,520 2 2,015 96 5,930 - 49 7,119 5 190 11 Equity Midcap Fund 17,368 14,473 288 3,659 - 27 33,759 7,063 19,453 16,274 728 - 25 13,296 3,907 Equity Midcap Pension Fund 1,773 - 11 112 - 2 349 53 2,342 - 235 668 2 172 28 Equity Midcap Plus Fund 27,119 - 479 3,913 16,042 90 16,035 5,409 33,334 - 1,162 7,134 94 12,790 3,178 Equity Plus Fund 180,803 - 3,056 28,492 122,616 967 199,382 28,946 212,979 - 7,496 33,746 3,227 73,627 18,235 Equity Plus Pension Fund 11,955 - 143 987 13,855 125 3,881 571 15,276 - 492 5,077 226 1,322 281 Group Debt Fund 5,164 - - 507 - - - - 21 - - - - - - Group Liquid Fund 244 - - 29 - - - - - - - - - - - Group Short Term Debt Fund 7 - - 1 - - - - - - - - - - - Life Long Gain Fund 1,852 2,315 16 493 - - 4,522 - 1,379 1,723 220 - - 1,878 - Liquid Pension Fund 317 - 2 75 1,030 - 7 - 233 - 3 1,224 - 1 - Liquid Fund 4,522 - 34 22,530 30,108 2 20,270 7,014 1,956 - 23 16,568 6 13,055 5,888 Premier Balanced Fund - - - - - - - - - - - - - - - Premier Bond Fund 5,429 - 15 669 1,954 3 1,353 - 4,926 - 22 1,283 11 878 - Premier Debt Fund 3,184 - 11 325 4,139 18 3,273 - 5,624 - 319 4,378 16 727 - Premier Equity Fund 9,412 - 122 863 9,781 4 4,499 - 13,458 - 307 10,175 12 1,921 - Premier Equity Gain Fund 14,251 - 92 1,424 15,538 8 6,408 - 22,115 - 532 16,485 5 3,526 - Premier Equity Growth Fund 43,197 - 148 3,687 21,457 1 15,116 - 47,783 - 293 12,584 8 8,151 - Premier Equity Index Fund 24,396 - 83 2,085 9,435 1 6,530 - 17,970 - 100 4,627 4 2,748 - Pure Equity Fund 9,642 - 143 5,017 77,826 - 31,853 3,168 8,387 - 279 36,235 - 16,507 2,049 Pure Stock Fund 14,371 - 59 29,306 185,033 - 67,718 9,042 5,482 - 30 107,254 - 41,830 8,177 Pure Stock Pension Fund 63 - 0 22 38 - 3 - - - - - - - - Secure Fund 4,511 - - 271 - - - - 300 - - - - - - Stable Fund 11,761 - - 205 - - - - 6,675 - - - - - - Total 1,622,605 190,418 14,860 1,517,770 4,984,956 3,219 3,398,939 496,510 1,136,895 214,789 27,932 2,123,697 8,660 1,635,641 321,017
Basis of Payment of Fees Fund Management Expenses % of NAVFund Administration Expenses % of NAV/Fixed AmountMisc. Charge % of Assets Under ManagementMisc. Charge-Service Tax Applicable rate of Service Tax on ChargesPolicy Administration Charge Charges applicable p.a.Switching Charge Expense per switchMortality Charge As per mortality tableRider Premium Charge As per rider charges in the policy documents
Annual Report 2008-2009
Appendix III Refer Schedule 16 Note 24
101
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED
Enclosure C : Summary of Industry Wise Disclosure of Investments
Industry Amt in Rs. '000 Exposure (%) Amt in Rs. '000 Exposure (%)
Banking Service Industry - Fixed Deposit 3,745,028 2.77 1,699,800 1.66 Banking Service Industry - Other Than Fixed Deposit 24,657,275 18.21 17,140,807 16.70 Others 107,004,714 79.02 83,825,333 81.65 Total 135,407,017 100 102,665,940 100
F.Y.2008-09 F.Y.2007-08
F.Y. 2008-09 F.Y. 2007-08Portfolio Name Banking Services Others Banking Services Others
Industry Industry Amt in Rs. '000 Exposure (%) Amt in Rs. '000 Exposure (%) Amt in Rs. '000 Exposure (%) Amt in Rs. '000 Exposure (%)
Accelerated Fund 1,085 - 17,051 0.02 24,555 0.13 39,477 0.05 Acc Mid Cap Pension Fund 38,363 0.14 145,893 0.14 45,427 0.24 151,160 0.18 Acc Mid Cap Fund 705,113 2.48 2,657,922 2.48 551,818 2.93 1,789,503 2.13 Asset Allocation Fund 5,875,230 20.69 11,392,662 10.65 1,529,470 8.12 7,358,169 8.78 Asset Allocation Pension Fund 132,917 0.47 571,109 0.53 35,962 0.19 164,285 0.20 Bond Fund 510,341 1.80 2,482,007 2.32 424,551 2.25 659,099 0.79 Bond Pension Fund 47,301 0.17 304,519 0.28 42,391 0.22 49,767 0.06 Capital Guarantee Fund- 2012 2,263 0.01 107,683 0.10 3,220 0.02 111,702 0.13 Capital Guarantee Fund- 2014 148 - 7,359 0.01 413 - 7,713 0.01 Capital Guarantee Fund- 2017 2,607 0.01 44,724 0.04 2,148 0.01 51,859 0.06 Capital Shield Fund- I 199,664 0.70 536,277 0.50 - - - - Capital Shield Fund- II 61,670 0.22 342,756 0.32 - - - - Cash Fund 858,437 3.02 268,386 0.25 866,788 4.60 90,180 0.11 Cash Plus Fund 1,051,588 3.70 346,659 0.32 1,608,112 8.54 103,371 0.12 Cash Plus Pension Fund 70,989 0.25 25,132 0.02 96,920 0.51 10,467 0.01 Debt Fund 56,305 0.20 1,243,406 1.16 372,015 1.97 775,063 0.92 Debt Plus Fund 159,212 0.56 1,291,850 1.21 579,312 3.07 988,415 1.18 Debt Plus Pension Fund 15,571 0.05 130,696 0.12 57,746 0.31 76,814 0.09 Equity Fund 309,692 1.09 2,936,399 2.74 424,393 2.25 4,282,561 5.11 Equity Gain Fund 1,340,982 4.72 5,938,436 5.55 1,036,647 5.50 7,865,672 9.38 Equity Growth Fund 9,193,384 32.37 27,883,179 26.06 5,102,943 27.08 19,404,759 23.15 Equity Growth Pension Fund 378,534 1.33 1,204,027 1.13 247,758 1.32 1,103,715 1.32 Equity Index Fund 166,670 0.59 1,604,419 1.50 224,645 1.19 2,236,379 2.67 Equity Index Fund - II 2,921,266 10.29 25,361,452 23.70 1,476,620 7.84 12,434,805 14.83 Equity Index Pension Fund 12,874 0.05 122,801 0.11 17,673 0.09 178,149 0.21 Equity Index Pension Fund - II 194,214 0.68 1,661,228 1.55 127,169 0.67 1,003,816 1.20 Equity Midcap Fund 177,833 0.63 847,947 0.79 298,869 1.59 1,031,158 1.23 Equity Midcap Pension Fund 18,263 0.06 78,637 0.07 31,253 0.17 110,923 0.13 Equity Midcap Plus Fund 291,391 1.03 1,249,024 1.17 489,209 2.60 1,644,471 1.96 Equity Plus Fund 2,007,562 7.07 8,865,837 8.29 1,300,673 6.90 12,751,208 15.21 Equity Plus Pension Fund 135,079 0.48 600,460 0.56 157,895 0.85 809,088 0.97 Group Debt Fund 94,345 0.33 774,205 0.72 - - - - Group Liquid Fund 66,140 0.23 29,480 0.03 - - - - Group Short Term Debt Fund - - 9,467 0.01 - - - - Life Long Gain Fund 28,381 0.10 146,644 0.14 48,386 0.26 119,313 0.14 Liquid Pension Fund 36,501 0.13 12,548 0.01 21,772 0.12 3,121 - Liquid Fund 570,922 2.01 148,421 0.14 294,665 1.56 13,786 0.02 Premier Bond Fund 25,627 0.09 223,385 0.21 84,410 0.45 84,851 0.10 Premier Debt Fund 20,783 0.07 109,384 0.10 71,068 0.38 122,290 0.15 Premier Equity Fund 31,125 0.11 296,435 0.28 48,244 0.26 493,520 0.59 Premier Equity Gain Fund 82,835 0.29 432,576 0.40 94,405 0.50 743,004 0.89 Premier Equity Growth Fund 292,605 1.03 1,017,133 0.95 260,461 1.38 1,651,502 1.97 Premier Equity Index Fund 76,560 0.27 731,118 0.68 89,782 0.48 851,255 1.02 Pure Equity Fund - - 728,965 0.68 - - 629,415 0.75 Pure Stock Fund - - 1,541,181 1.44 - - 623,763 0.74 Pure Stock Pension Fund - - 8,432 0.01 - - - - Secure Fund 58,825 0.21 336,496 0.31 30,594 0.16 142,585 0.17 Stable Fund 81,107 0.29 188,906 0.18 620,225 3.29 1,063,180 1.27 Total 28,402,304 100 107,004,713 100 18,840,607 100 83,825,333 100
Fundwise Industrywise Disclosure of Investments
Note : - Industry Exposure does not include cash element
Appendix III Refer Schedule 16 Note 24
rdIRDA Registration No. 116 dated 3 August, 2001
102
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED Appendix III Refer Schedule 16 Note 24
Banking Services- Exposure details - Scrip Wise
10% HDFC Bank Ltd... - 13-Dec-2011 FD 49,900 0.18 - - 10% Punjab National Bank - 13-Mar-2009 FD - - 100,000 0.53 10% Saraswat Bank - 06-May-2008 FD - - 50,000 0.27 10.10% Punjab National Bank 12 March 2009 - - 300,000 1.59 10.10% SBI Upper Tier II 12 SEP 2022 Call 12 SEP 2017 - - 312,641 1.66 10.20% SyndicateBank - 17-Mar-2009 FD - - 150,000 0.80 10.25% HDFC Bank Ltd... - 08-Jul-2008 FD - - 49,900 0.26 10.5% Saraswat Bank - 24-Mar-2010 FD 50,000 0.18 50,000 0.27 10.50% Citi Bank FD 28 Jan 2010 150,000 0.53 - - 10.50% HDFC Bank Ltd... - 03-Jul-2008 FD - - 49,900 0.26 10.50% HDFC Bank Ltd... - 11-Dec-2009 FD 49,900 0.18 - - 10.50% Saraswat Bank 24 March 2010 - - 50,000 0.27 10.50% Saraswat Bank 24 March 2010 50,000 0.18 - - 11.10% IDBI Bank Ltd... 26 Sep 2013 53,188 0.19 - - 11.15% YES Bank - 10-Jun-2008 FD - - 100,000 0.53 11.25% CanaraBank - 03-Mar-2009 FD - - 100,000 0.53 11.25% ICICI Bank Ltd... - 13-Mar-2009 FD - - 100,000 0.53 11.30% CanaraBank - 13-Mar-2009 FD - - 150,000 0.80 11.30% SyndicateBank - 24-Mar-2009 FD - - 50,000 0.27 11.30% SyndicateBank - 24-Mar-2009 FD - - 200,000 1.06 12.10% Punjab National Bank - 26-Sep-2009 FD 250,000 0.88 - - 4.25% SyndicateBank FD 09 April 2009 499,128 1.76 - - 6.00% IDBI OMNI Bonds M - 16/01/2009 - - 48,713 0.26 7.50% State Bank of India FD 08 March 2010 500,000 1.76 - - 8.50% ICICI Bank FD 09 March 2010 400,000 1.41 - - 9.0% CanaraBank FD 02 Feb 2011 9,500 0.03 - - 9.0% CanaraBank FD 05 July 2011 9,500 0.03 - - 9.0% CanaraBank FD 07 June 2011 9,500 0.03 - - 9.0% CanaraBank FD 08 March 2011 9,500 0.03 - - 9.0% CanaraBank FD 10 May 2011 9,500 0.03 - - 9.0% CanaraBank FD 12 April 2011 9,500 0.03 - - 9.0% CanaraBank FD 18 Jan 2011 9,500 0.03 - - 9.0% CanaraBank FD 19 July 2011 9,500 0.03 - - 9.0% CanaraBank FD 21 June 2011 9,500 0.03 - - 9.0% CanaraBank FD 22 Feb 2011 9,500 0.03 - - 9.0% CanaraBank FD 22 March 2011 9,500 0.03 - - 9.0% CanaraBank FD 24 May 2011 9,500 0.03 - - 9.0% CanaraBank FD 26 April 2011 9,500 0.03 - - 9.0% HDFC Bank FD 01 March 2011 49,900 0.18 - - 9.0% HDFC Bank FD 03 March 2011 49,900 0.18 - - 9.0% HDFC Bank FD 07 March 2011 49,900 0.18 - - 9.0% HDFC Bank FD 09 March 2011 49,900 0.18 - - 9.0% HDFC Bank FD 10 March 2011 49,900 0.18 - - 9.0% HDFC Bank FD 11 March 2011 49,900 0.18 - - 9.0% HDFC Bank FD 14 March 2011 49,900 0.18 - - 9.0% HDFC Bank FD 15 March 2011 49,900 0.18 - - 9.0% HDFC Bank FD 24 Feb 2011 49,900 0.18 - - 9.0% Indian Bank FD 02 Feb 2011 9,500 0.03 - - 9.0% Indian Bank FD 05 July 2011 9,500 0.03 - - 9.0% Indian Bank FD 07 June 2011 9,500 0.03 - - 9.0% Indian Bank FD 08 March 2011 9,500 0.03 - - 9.0% Indian Bank FD 10 May 2011 9,500 0.03 - - 9.0% Indian Bank FD 12 April 2011 9,500 0.03 - -
Instrument F.Y. 2008-09 F.Y. 2007-08Amt in Rs. '000 (%) Amt in Rs. '000 (%)
Annual Report 2008-2009
Appendix III Refer Schedule 16 Note 24
103
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED
Banking Services- Exposure details - Scrip Wise
Instrument F.Y. 2008-09 F.Y. 2007-08Amt in Rs. '000 (%) Amt in Rs. '000 (%)
9.0% Indian Bank FD 18 Jan 2011 9,500 0.03 - - 9.0% Indian Bank FD 19 July 2011 9,500 0.03 - - 9.0% Indian Bank FD 21 June 2011 9,500 0.03 - - 9.0% Indian Bank FD 22 Feb 2011 9,500 0.03 - - 9.0% Indian Bank FD 22 March 2011 9,500 0.03 - - 9.0% Indian Bank FD 24 May 2011 9,500 0.03 - - 9.0% Indian Bank FD 26 April 2011 9,500 0.03 - - 9.25% IDBI Omni Bonds 26/03/2014 Series XVIII 149,904 0.53 - - 9.30% Bank of Baroda - U Tier II 28-Dec-2022 C 28-Dec-2017 - - 148,225 0.79 9.30% State Bank of Patiala Upper Tier II 20 Dec 2022 Call 20 Dec 2017 - - 49,410 0.26 9.35% Punjab National Bank Upper Tier II 12 Dec 2022 Call 12 Dec 2017 - - 99,441 0.53 9.35% Punjab National Bank - 05-Mar-2023 05-Mar-2018 C - - 49,751 0.26 9.40% Syndicate Bank perpetual Bond call 12 Jan 2019 76,402 0.27 - - 9.5% State Bank of Bikaner - 10-Feb-2011 FD 250,000 0.88 - - 9.50% State Bank of India - 10-Dec-2013 FD 250,000 0.88 - - 9.50% Syndicate Bank - 04-Dec-2010 FD 550,000 1.94 - - 9.85% Canara Bank - 28-Mar-2009 FD - - 200,000 1.06 9.90% State Bank of Patiala Upper Tier II 28 SEP 2022 Call 28 SEP 2017 - - 51,255 0.27 9.98% ICICI Bank Perpetual Call 13 Sept 2016 51,196 0.18 50,574 0.27 Allahabad Bank CD 03 Mar 09 - - 137,412 0.73 Allahabad Bank CD 04 Aug 2009 733,423 2.58 - - Allahabad Bank CD 04 Jan 2010 235,506 0.83 - - Allahabad Bank CD 18 June 2009 246,177 0.87 - - Allahabad Bank CD 27 Feb 2009 - - 229,672 1.22 Andhra Bank - Equity Shares 127,447 0.45 - - Axis Bank CD 01 Oct 2008 - - 239,519 1.27 Axis Bank CD 19 Feb 2009 - - 275,846 1.46 Axis Bank CD 24 Nov 08 - - 235,898 1.25 Axis Bank Ltd... - Equity Shares 1,135,552 4.00 - - Axis Bank Ltd... CD - 09-May-2008 - - 49,596 0.26 Bank of Baroda - Equity Shares 230,692 0.81 - - Bank of Baroda CD 11 Aug 2009 385,826 1.36 - - Bank of Baroda CD 15 Jan 2010 616,295 2.17 - - Bank of Baroda CD 26 Feb 2010 943,013 3.32 - - Bank of India CD 23 March 2010 465,175 1.64 - - Canara Bank CD 04 Feb 2009 - - 92,969 0.49 Canara Bank CD 07 Oct 2008 - - 143,640 0.76 Canara Bank CD 12 Feb 2010 472,066 1.66 - - Citi Bank CD 7 July 2008 - - 244,794 1.30 Corportation Bank - Equity Shares 129,223 0.45 - - Corporation Bank CD 02 March 2010 470,628 1.66 - - Corporation Bank CD 03 Aug 2009 144,945 0.51 - - Corporation Bank CD 12 Feb 09 - - 138,590 0.74 Corporation Bank CD 20 May 08 - - 345,688 1.83 HDFC Bank CD 23 Sep 2009 142,347 0.50 - - HDFC Bank Ltd... - Equity Shares 1,537,016 5.41 389,586 2.07 ICICI Bank CD 10 Mar 09 - - 456,463 2.42 ICICI Bank CD 27 Aug 08 - - 241,063 1.28 ICICI Bank CD 27 Feb 2009 - - 458,620 2.43 ICICI Bank Ltd... - Equity Shares 2,264,941 7.97 2,229,417 11.83 IDBI Bank CD 12 Mar 09 - - 228,039 1.21 IDBI Bank CD 19 May 08 - - 98,747 0.52 IDBI Ltd... - Equity Shares - - 302,940 1.61
Appendix III Refer Schedule 16 Note 24
rdIRDA Registration No. 116 dated 3 August, 2001
104
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED Appendix III Refer Schedule 16 Note 24
Banking Services- Exposure details - Scrip Wise
Instrument F.Y. 2008-09 F.Y. 2007-08Amt in Rs. '000 (%) Amt in Rs. '000 (%)
Indian Bank CD 4 April 08 - - 199,829 1.06 ING Vysya Bank Ltd... - Equity Shares 169,118 0.60 355,080 1.88 Kotak Bank CD 4 July 2008 - - 244,480 1.30 Kotak Mahindra Bank CD 30 May 2008 - - 147,750 0.78 National Housing Bank Loan PTC Class A8- 25-Mar-2010 36,066 0.13 - - Oriental Bank of Commerce - Equity Shares - - 172,679 0.92 Oriental Bank of Commerce CD 01 Jan 10 237,003 0.83 - - Oriental Bank of Commerce CD 04 June 09 98,532 0.35 - - Oriental Bank of Commerce CD 15 Sep 08 - - 239,251 1.27 Oriental Bank of Commerce CD 24 Dec 08 - - 93,741 0.50 Oriental Bank of Commerce CD 26 Aug 09 95,879 0.34 - - Punjab National Bank CD 12 Jan 2009 - - 233,600 1.24 Punjab National Bank CD 29 July 2009 241,360 0.85 - - Punjab National Bank - Equity Shares 476,223 1.68 787,690 4.18 Punjab National Bank CD - 17-Dec-2009 377,368 1.33 - - Punjab National Bank CD 04 Feb 2010 471,081 1.66 - - Punjab National Bank CD 12 Feb 2010 471,075 1.66 - - Punjab National Bank CD 17 March 2010 372,616 1.31 - - Punjab National Bank CD 31 Aug 2009 191,574 0.67 - - Punjab National Bank-CD - 24-Feb-2009 - - 367,820 1.95 State Bank of Bikaner & Jaipur CD 20 Jan 2009 - - 233,521 1.24 State Bank of Bikaner & Jaipur CD 17 Nov 2009 237,625 0.84 - - State Bank of Bikaner & Jaipur CD 24 Feb 2010 471,986 1.66 - - State Bank of Bikaner & Jaipur CD 27 Aug 2009 95,809 0.34 - - State Bank of Bikaner & Jaipur CD 04 Dec 08 - - 141,458 0.75 State Bank of Bikaner & Jaipur CD 13 June 08 - - 245,762 1.30 State Bank of Hyderabad CD 04 Jan 2010 235,392 0.83 - - State Bank of Hyderabad CD 09 Nov 2009 142,867 0.50 - - State Bank of Hyderabad CD 12 June 2008 - - 246,017 1.31 State Bank of Hyderabad CD 18 Jan 2010 237,542 0.84 - - State Bank of Hyderabad CD 20 Aug 2009 192,255 0.68 - - State Bank of Hyderabad CD 28 May 08 - - 197,064 1.05 State Bank of Hyderabad CD 30 June 2008 - - 243,890 1.29 State Bank of India - Equity Shares 2,989,425 10.53 1,981,609 10.52 State Bank of India CD 29 May 2008 - - 888,309 4.71 State Bank of Indore 01 June 2009 494,352 1.74 - - State Bank of Indore CD 12 May 2008 - - 99,065 0.53 State Bank of Mysore - 04-Aug-2009 978,274 3.44 - - State Bank of Mysore CD - 15-June-2009 493,018 1.74 - - State Bank of Mysore CD 01 Sep 08 - - 240,061 1.27 State Bank of Mysore CD 10 Feb 2009 - - 369,947 1.96 State Bank of Mysore CD 11 June 08 - - 245,895 1.31 State Bank of Mysore CD 16-Dec-2009 236,103 0.83 - - State Bank of Patiala CD 01 June 2009 494,147 1.74 - - State Bank of Patiala CD 10 March 2009 - - 228,822 1.21 State Bank of Patiala CD 12 March 2010 233,725 0.82 - - State Bank of Patiala CD 18 March 2010 234,042 0.82 - - State Bank of Patiala CD 22 June 2009 246,313 0.87 - - State Bank of Patiala CD 28 Oct 08 - - 95,181 0.51 State Bank of Patiala CD 29 Aug 2008 - - 240,904 1.28 State Bank of Travancore CD 03 Aug 2009 489,234 1.72 - - State Bank of Travancore CD 24 Nov 2009 474,509 1.67 - - SyndicateBank CD 29 March 2010 466,904 1.64 - -
Annual Report 2008-2009
Appendix III Refer Schedule 16 Note 24
105
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED
Banking Services- Exposure details - Scrip Wise
Instrument F.Y. 2008-09 F.Y. 2007-08Amt in Rs. '000 (%) Amt in Rs. '000 (%)
UCO Bank CD 20 Nov 08 - - 141,843 0.75 UCO Bank CD 26 March 2009 - - 136,816 0.73 Union Bank 30 May 2008 - - 246,263 1.31 Union Bank CD 18 July 2008 - - 244,280 1.30 Union Bank CD 23 Oct 2008 - - 238,991 1.27 Union Bank CD 24 June 2008 - - 244,680 1.30 Union Bank of India CD 06 Nov 2009 479,771 1.69 - - Union Bank of India CD 15-Dec-2009 472,120 1.66 - - Union Bank of India CD 24 Dec 2009 235,363 0.83 - - Vijaya Bank - Equity Shares 177,642 0.63 - - Grand Total 28,402,303 100 18,840,607 100
Appendix III Refer Schedule 16 Note 24
rdIRDA Registration No. 116 dated 3 August, 2001
106
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED Appendix III Refer Schedule 16 Note 24
Fund Name F.Y. 2008-09 F.Y. 2007-08
Accelerated Fund 14.218 12.464 15.307 14.571 12.200 16.694 Acc Mid Cap Pension Fund 8.882 7.662 16.121 15.181 11.946 19.217 Acc Mid Cap Fund 8.863 7.651 15.892 15.092 12.308 19.420 Asset Allocation Fund 9.192 8.099 10.438 10.004 9.714 11.331 Asset Allocation Pension Fund 8.848 7.816 10.030 9.656 9.311 10.112 Balanced Fund 13.444 11.779 16.875 15.937 13.832 18.851 Balanced Plus Fund 15.596 13.541 18.887 17.836 15.460 20.964 Balanced Plus Pension Fund 14.865 12.990 17.833 16.878 14.548 19.733 Bond Fund 12.917 11.303 13.216 11.409 10.449 11.458 Bond Pension Fund 13.195 11.511 13.464 11.548 10.475 11.548 Capital Guarantee Fund- 2012 10.892 9.801 11.305 10.990 9.999 11.920 Capital Guarantee Fund- 2014 10.659 9.481 11.447 11.062 9.796 12.123 Capital Guarantee Fund- 2017 10.133 8.857 11.881 11.330 9.963 12.973 Capital Shield Fund- I 10.459 10.000 10.459 - - - Capital Shield Fund- II 10.398 9.973 10.398 - - - Cash Fund 13.293 12.200 13.293 12.182 11.247 12.182 Cash Plus Fund 14.189 12.836 14.189 12.814 11.668 12.814 Cash Plus Pension Fund 14.111 12.763 14.111 12.739 11.529 12.739 Debt Fund 12.829 11.382 13.180 11.511 10.617 11.540 Debt Plus Fund 13.745 11.995 14.062 12.058 10.982 12.058 Debt Plus Pension Fund 14.038 12.358 14.400 12.395 11.270 12.414 Equity Fund 14.142 11.873 24.518 22.251 18.271 29.747 Equity Gain Fund 19.186 16.236 29.771 27.597 24.562 36.915 Equity Growth Fund 8.864 7.629 14.783 13.544 11.904 18.135 Equity Growth Pension Fund 8.732 7.546 14.580 13.314 11.924 18.509 Equity Index Fund 18.190 15.176 31.138 28.230 22.848 37.578 Equity Index Fund - II 9.808 8.202 16.789 15.227 12.416 20.320 Equity Index Pension Fund 15.982 13.351 27.385 24.826 20.169 33.109 Equity Index Pension Fund - II 9.611 8.038 16.470 14.933 12.180 19.917 Equity Midcap Fund 14.609 12.457 22.661 21.174 18.430 28.182 Equity Midcap Pension Fund 16.823 14.332 25.511 23.710 19.523 29.914 Equity Midcap Plus Fund 15.461 13.173 23.724 22.372 18.967 29.307 Equity Plus Fund 19.981 16.860 30.669 28.445 25.309 38.523 Equity Plus Pension Fund 18.127 14.966 26.960 25.065 22.195 33.741 Group Debt Fund 11.259 9.975 11.569 10.000 10.000 10.017 Group Liquid Fund 10.517 10.009 10.517 - - - Group Short Term Debt Fund 10.018 9.947 10.026 - - - Life Long Gain Fund 11.944 10.595 12.247 10.741 9.931 10.778 Liquid Pension Fund 12.746 11.547 12.746 11.528 10.515 11.528 Liquid Fund 12.763 11.583 12.763 11.563 10.546 11.563 Premier Balanced Fund 11.660 10.264 13.994 13.297 11.685 15.446 Premier Bond Fund 12.273 10.935 12.581 11.095 10.308 11.163 Premier Debt Fund 12.790 11.371 13.301 11.452 10.594 11.518 Premier Equity Fund 10.371 8.701 17.992 16.326 13.384 21.762 Premier Equity Gain Fund 10.378 8.688 16.059 14.539 13.385 21.744 Premier Equity Growth Fund 8.318 7.195 14.422 13.186 12.105 18.330 Premier Equity Index Fund 9.377 7.901 16.346 14.842 12.247 19.853 Pure Equity Fund 12.114 9.930 15.464 14.603 12.179 17.925 Pure Stock Fund 11.620 9.565 14.963 14.150 11.317 17.106 Pure Stock Pension Fund 8.034 6.772 10.324 - - - Secure Fund 13.575 12.413 13.776 13.092 11.241 13.239 Stable Fund 13.246 12.024 13.403 13.053 11.425 14.504
Closing NAV31-March-2009 31-March-2008
(Rs.) (Rs.) (Rs.) (Rs.) (Rs.) (Rs.)
Lowest NAV Highest NAV Closing NAV Lowest NAV Highest NAV
Enclosure D: Highest,Lowest and Closing NAV For the year 2008-09 Appendix III Refer Schedule 16 Note 24
Annual Report 2008-2009
107
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED
Fund Names Income Ratio (%)F.Y.2008-09 F.Y.2007-08
Accelerated Fund (4.69) 19.72 Acc Mid Cap Pension Fund (52.84) 16.41 Acc Mid Cap Fund (48.84) 11.01 Asset Allocation Fund (7.02) (22.55)Asset Allocation Pension Fund (2.55) (9.69)Bond Fund 14.83 9.68 Bond Pension Fund 16.15 11.33 Capital Guarantee Fund- 2012 0.30 9.70 Capital Guarantee Fund- 2014 (2.63) 11.88 Capital Guarantee Fund- 2017 (8.28) 12.87 Capital Shield Fund- I 13.72 NA Capital Shield Fund- II 31.55 NA Cash Fund 11.15 10.60 Cash Plus Fund 10.98 10.34 Cash Plus Pension Fund 10.95 11.30 Debt Fund 13.47 10.80 Debt Plus Fund 14.15 10.69 Debt Plus Pension Fund 13.75 10.54 Equity Fund (43.85) 20.30 Equity Gain Fund (34.85) 11.16 Equity Growth Fund (38.63) 2.86 Equity Growth Pension Fund (39.23) 0.90 Equity Index Fund (44.31) 18.59 Equity Index Fund - II (38.55) (3.93)Equity Index Pension Fund (42.65) 19.73 Equity Index Pension Fund - II (39.81) (11.79)Equity Midcap Fund (34.92) 14.65 Equity Midcap Pension Fund (32.32) 19.59 Equity Midcap Plus Fund (36.12) 17.49 Equity Plus Fund (35.46) 10.84 Equity Plus Pension Fund (32.18) 13.24 Group Debt Fund 18.37 1.00 Group Liquid Fund 13.01 NA Group Short Term Debt Fund 1.87 NA Life Long Gain Fund 15.17 10.23 Liquid Pension Fund 11.19 10.43 Liquid Fund 11.10 10.38 Premier Bond Fund 14.00 10.54 Premier Debt Fund 12.66 10.86 Premier Equity Fund (44.54) 22.10 Premier Equity Gain Fund (32.65) 12.72 Premier Equity Growth Fund (44.57) 5.99 Premier Equity Index Fund (45.06) 9.09 Pure Equity Fund (17.33) 16.62 Pure Stock Fund (11.12) 6.38 Pure Stock Pension Fund (9.17) NA Secure Fund 5.15 1.61 Stable Fund (2.69) 9.55
Fund Names Expense Ratio (%)F.Y.2008-09 F.Y.2007-08
Accelerated Fund 1.26 1.20Acc Mid Cap Pension Fund 1.85 1.76Acc Mid Cap Fund 1.86 1.76Asset Allocation Fund 1.87 1.24Asset Allocation Pension Fund 0.75 1.25Bond Fund 1.02 0.96Bond Pension Fund 1.03 0.96Capital Guarantee Fund- 2012 1.33 1.25Capital Guarantee Fund- 2014 1.33 1.28Capital Guarantee Fund- 2017 1.06 1.25Capital Shield Fund- I 3.07 NACapital Shield Fund- II 3.61 NACash Fund 2.38 2.31Cash Plus Fund 0.76 0.75Cash Plus Pension Fund 0.75 0.83Debt Fund 2.39 2.31Debt Plus Fund 0.76 0.75Debt Plus Pension Fund 0.75 0.88Equity Fund 2.37 2.31Equity Gain Fund 2.90 2.81Equity Growth Fund 1.86 1.76Equity Growth Pension Fund 1.85 1.76Equity Index Fund 1.07 1.05Equity Index Fund - II 1.33 1.26Equity Index Pension Fund 1.05 1.13Equity Index Pension Fund - II 1.33 1.26Equity Midcap Fund 2.90 2.81Equity Midcap Pension Fund 1.58 1.65Equity Midcap Plus Fund 1.60 1.55Equity Plus Fund 1.60 1.55Equity Plus Pension Fund 1.59 1.55Group Debt Fund 1.10 1.00Group Liquid Fund 0.78 NAGroup Short Term Debt Fund 0.99 NALife Long Gain Fund 2.37 2.42Liquid Pension Fund 1.02 0.96Liquid Fund 1.02 0.96Premier Bond Fund 2.93 2.77Premier Debt Fund 2.38 2.38Premier Equity Fund 2.38 2.30Premier Equity Gain Fund 2.37 2.31Premier Equity Growth Fund 2.89 2.77Premier Equity Index Fund 2.89 2.77Pure Equity Fund 1.60 1.55Pure Stock Fund 2.94 1.76Pure Stock Pension Fund 1.91 NASecure Fund 1.27 1.20Stable Fund 1.22 1.20
Note: The above percentage of charges exclude charges deducted by wayof cancellation of units.
Ratio of Gross Income to Average Daily Assets of the Fund.
Enclosure E and F
Annualised Expense Ratio to Average Daily Assets of the Fund
Appendix III Refer Schedule 16 Note 24
rdIRDA Registration No. 116 dated 3 August, 2001
108
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED Appendix III Refer Schedule 16 Note 24
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817.
00
447
.35
-
-
-
-
213.
06
-
-
-
28,
649.
71
30,
853.
78
2,4
43.3
1 -
-
-
-
-
-
-
-
-
-
-
(1
81,5
91.1
4) (1
49,8
21.1
9) (6
,279
,793
.51)
(291
,869
.13)
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
10,7
65
-
-
-
29,
817
33,
001
2,0
91
(181
,591
) (1
49,8
21)
(6,2
79,7
94)
(291
,869
)
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(109
,091
.13)
(122
,647
.48)
(1,5
87,0
07.1
2) (8
4,34
7.97
)-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(109
,091
) (1
22,6
47)
(1,5
87,0
07)
(84,
348)
10,7
65
-
-
-
29,
817
33,
001
2,0
91
(290
,682
) (2
72,4
69)
(7,8
66,8
01)
(376
,217
)
Annual Report 2008-2009
Encl
osur
e G
: Fun
dwis
e an
d Cl
assw
ise
App
reci
atio
n/(D
epre
ciat
ion)
in v
alue
of I
nves
tmen
tsA
pp
end
ix II
I Ref
er S
ched
ule
16
No
te 2
4
109
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED
(Am
ount
in R
s. '0
00)
Part
icul
ars
Gove
rnm
ent B
onds
Corp
orat
e Bo
nds
Infra
stru
ctur
e Bo
nds
Equi
tyM
oney
Mar
ket
Mut
ual F
und
Depo
sit w
ith B
anks
Tota
l(A)
Corp
orat
e Bo
nds
Infra
stru
ctur
e Bo
nds
Equi
tyM
utua
l Fun
d
Tota
l(B)
Tota
l(A+
B)st
Note
: The
abo
ve a
ppre
ciat
ion
/ dep
ricia
tion
is th
e di
ffere
nce
betw
een
mar
ket v
alue
and
the
book
cost
of t
he in
vest
men
t as a
t 31
Mar
ch 2
009
(Am
ount
in R
s. '0
00)
Part
icul
ars
Gove
rnm
ent B
onds
Corp
orat
e Bo
nds
Infra
stru
ctur
e Bo
nds
Equi
tyM
oney
Mar
ket
Mut
ual F
und
Depo
sit w
ith B
anks
Tota
l(A)
Corp
orat
e Bo
nds
Infra
stru
ctur
e Bo
nds
Equi
tyM
utua
l Fun
d
Tota
l(B)
Tota
l(A+
B)st
Note
: The
abo
ve a
ppre
ciat
ion
/ dep
ricia
tion
is th
e di
ffere
nce
betw
een
mar
ket v
alue
and
the
book
cost
of t
he in
vest
men
t as a
t 31
Mar
ch 2
009
Equi
tyIn
dex
Inde
xIn
dex
Inde
x Pe
nsio
nM
idca
pM
idca
pM
idca
pPl
usPl
usDe
btLi
quid
Fund
Fund
- II
Pens
ion
Fund
Fund
- II
Fund
Pens
ion
Fund
Plus
Fund
Fund
Pens
ion
Fund
Fund
Fund
Equi
tyEq
uity
Equi
tyEq
uity
Equi
tyEq
uity
Equi
tyEq
uity
Grou
pGr
oup
-
-
-
-
-
-
-
-
-
(4,4
78.8
1) -
-
-
-
-
-
-
-
-
-
5
,144
.69
-
-
-
-
-
-
-
-
-
-
16,
323.
94
-
(355
,523
.84)
(5,8
11,6
34.0
1) (2
0,08
9.32
) (4
84,9
37.0
8) (1
16,2
21.0
3) (7
,287
.30)
(181
,795
.60)
(236
,377
.34)
14,
242.
39
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(355
,524
) (5
,811
,634
) (2
0,08
9) (4
84,9
37)
(116
,221
) (7
,287
) (1
81,7
96)
(236
,377
) 1
4,24
2 1
6,99
0 -
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(102
,471
.80)
(1,6
93,9
81.1
6) (6
,241
.99)
(134
,408
.01)
(9,1
61.0
7) (4
93.0
9) (1
3,76
7.23
) (1
94,3
27.1
7) (8
,645
.77)
-
-
-
-
-
-
2,4
59.4
8 1
1.56
2
6.72
-
-
-
-
(102
,472
) (1
,693
,981
) (6
,242
) (1
34,4
08)
(6,7
02)
(482
) (1
3,74
1) (1
94,3
27)
(8,6
46)
-
-
(457
,996
) (7
,505
,615
) (2
6,33
1) (6
19,3
45)
(122
,923
) (7
,769
) (1
95,5
36)
(430
,705
) 5
,597
1
6,99
0 -
Grou
p Sh
ort
Term
Deb
tLo
ngPe
nsio
nFu
ndBo
ndDe
btEq
uity
Equi
tyEq
uity
Equi
tyEq
uity
Fund
Gain
Fund
Fund
Fund
Fund
Fund
Gain
Fund
Gro
wth
Fund
Inde
x Fu
ndFu
nd
Life
Liqu
idLi
quid
Prem
ier
Prem
ier
Prem
ier
Prem
ier
Prem
ier
Prem
ier
Pure
-
(150
.50)
-
-
(739
.56)
(585
.37)
-
-
-
54.
50
-
(32.
89)
461
.69
-
-
1,6
07.5
6 7
98.0
9 -
-
-
-
-
(2
2.70
) 3
,516
.23
-
-
4,2
81.2
6 2
,634
.98
-
-
-
-
-
-
-
-
-
-
-
4,7
85.5
4 (2
,383
.02)
(301
,333
.98)
(270
,829
.12)
(64,
908.
64)
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(56)
3,8
27
-
-
5,1
49
2,8
48
4,7
86
(2,3
83)
(301
,334
) (2
70,7
75)
(64,
909)
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(15,
080.
14)
(11,
820.
73)
(89,
093.
65)
(72,
048.
32)
(16,
295.
68)
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(15,
080)
(11,
821)
(89,
094)
(72,
048)
(16,
296)
(56)
3,8
27
-
-
5,1
49
2,8
48
(10,
295)
(14,
204)
(390
,428
) (3
42,8
23)
(81,
204)
rdIRDA Registration No. 116 dated 3 August, 2001
110
Encl
osur
e G
: Fun
dwis
e an
d Cl
assw
ise
App
reci
atio
n/(D
epre
ciat
ion)
in v
alue
of I
nves
tmen
tsA
pp
end
ix II
I Ref
er S
ched
ule
16
No
te 2
4
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED Appendix III Refer Schedule 16 Note 24
(Am
ount
in R
s. '0
00)
Part
icul
ars
Gove
rnm
ent B
onds
Corp
orat
e Bo
nds
Infra
stru
ctur
e Bo
nds
Equi
tyM
oney
Mar
ket
Mut
ual F
und
Depo
sit w
ith B
anks
Tota
l(A)
Corp
orat
e Bo
nds
Infra
stru
ctur
e Bo
nds
Equi
tyM
utua
l Fun
d
Tota
l(B)
Tota
l(A+
B)No
te: T
he a
bove
app
reci
atio
n / d
epric
iatio
n is
the
diffe
renc
e be
twee
n m
arke
t val
ue a
nd th
e bo
ok co
st o
f the
ist
nves
tmen
t as a
t 31
Mar
ch 2
009
Encl
osur
e G
: Fun
dwise
and
Cla
ssw
ise A
ppre
ciat
ion/
(Dep
reci
atio
n) in
valu
e of
Inve
stm
ents
Pure
Stoc
kSt
ock
Fund
Fund
Tota
lFu
ndPe
nsio
n Fu
nd
Pure
Secu
reSt
able
Gran
d
-
-
(484
.32)
(1,2
32.4
9) (3
0,62
3.01
) -
-
1
,356
.86
522
.97
102
,570
.28
-
-
5,0
31.2
2 2
,123
.96
345
,078
.62
39,
066.
93
484
.02
(5,6
91.8
9) 6
35.9
5(15
,194
,332
.33)
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
39,
067
484
2
12
2,0
50
(14,
777,
306)
-
-
-
-
-
-
-
-
-
-
(22,
796.
64)
(51.
89)
103
.16
82.
30 (
4,40
0,86
4.56
) -
-
-
-
2
,845
.98
(22,
797)
(52)
103
8
2 (4
,398
,019
)
16,
270
432
3
15
2,1
33
(19,
175,
325)
Annual Report 2008-2009
111
Encl
osur
e G
: Fun
dwis
e an
d Cl
assw
ise
App
reci
atio
n/(D
epre
ciat
ion)
in v
alue
of I
nves
tmen
tsA
pp
end
ix II
I Ref
er S
ched
ule
16
No
te 2
4
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED
(Am
ount
in R
s. '0
00)
Part
icul
ars
Gove
rnm
ent B
onds
Corp
orat
e Bo
nds
Infr
astr
uctu
re B
onds
Equi
tyM
oney
Mar
ket
Mut
ual F
und
Depo
sit w
ith B
anks
Tota
l(A)
Corp
orat
e Bo
nds
Infr
astr
uctu
re B
onds
Equi
tyM
utua
l Fun
d
Tota
l(B)
Tota
l(A+
B)st
Note
: The
abo
ve a
ppre
ciat
ion
/ dep
ricia
tion
is th
e di
ffere
nce
betw
een
mar
ket v
alue
and
the
book
cost
of t
he in
vest
men
t as a
t 31
Mar
ch 2
008
(Am
ount
in R
s. '0
00)
Part
icul
ars
Gove
rnm
ent B
onds
Corp
orat
e Bo
nds
Infr
astr
uctu
re B
onds
Equi
tyM
oney
Mar
ket
Mut
ual F
und
Depo
sit w
ith B
anks
Tota
l(A)
Corp
orat
e Bo
nds
Infr
astr
uctu
re B
onds
Equi
tyM
utua
l Fun
d
Tota
l(B)
Tota
l(A+
B)st
Note
: The
abo
ve a
ppre
ciat
ion
/ dep
ricia
tion
is th
e di
ffere
nce
betw
een
mar
ket v
alue
and
the
book
cost
of t
he in
vest
men
t as a
t 31
Mar
ch 2
008
Acc M
id C
apFu
ndPe
nsio
nFu
ndAl
loca
tion
Allo
catio
nBo
ndPe
nsio
nGu
aran
tee
Guar
ante
eGu
aran
tee
Fund
Fund
Fund
Pens
ion
Fund
Fund
Fund
- 201
2Fu
nd- 2
014
Fund
- 201
7
Acc M
id C
apAc
cele
rate
dAs
set
Asse
tsBo
ndBo
ndCa
pita
lCa
pita
lCa
pita
lCa
sh
-
-
8
(9,7
72)
(358
) (1
,581
) (3
) (8
8) 8
2
28
-
23
5
35
(9,0
19)
(87)
(3,6
93)
(154
) 1
,111
(4
) (2
6) -
-
-
(3
5) (1
6,22
8) (2
64)
(2,1
06)
152
(1
1) 7
7 3
17
-
(107
,822
) (1
2,83
3) 7
26
(416
,546
) (1
,447
) -
-
8
21
184
1
,729
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(107
,799
) (1
2,82
8) 7
34
(451
,565
) (2
,156
) (7
,380
) (5
) 1
,833
2
65
2,2
48
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(7,8
84)
669
(4
6) (7
0,14
3) (2
5) -
-
3
30
56
566
-
6
1 -
-
2
09
-
-
-
-
-
-
-
(7,8
23)
669
(4
6) (6
9,93
4) (2
5) -
-
3
30
56
566
-
(115
,622
) (1
2,15
9) 6
88
(521
,499
) (2
,181
) (7
,380
) (5
) 2
,163
3
21
2,8
14
-
Cash
Plus
Plus
Fund
Plus
Plus
Fund
Gain
Grow
thGr
owth
Inde
xIn
dex
Fund
Pens
ion
Fund
Fund
Pens
ion
Fund
Fund
Fund
Pens
ion
Fund
Fund
Fund
II
Cash
Debt
Debt
Debt
Equi
tyEq
uity
Equi
tyEq
uity
Equi
tyEq
uity
-
-
56
(1,9
87)
(483
) -
-
-
-
-
-
-
-
(1
,523
) (5
,103
) (1
73)
-
-
-
-
-
-
-
-
(4,8
96)
(2,4
44)
86
-
-
-
-
-
-
-
-
-
-
-
1,1
00,1
87
518
,884
(9
63,6
58)
(122
,059
) 3
37,4
57
(372
,909
) -
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(6,3
63)
(9,5
34)
(570
) 1
,100
,187
5
18,8
84
(963
,658
) (1
22,0
59)
337
,457
(3
72,9
09)
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
313
,689
(5
4,76
8) (4
72,4
90)
(52,
151)
119
,206
(9
7,07
9) -
-
-
-
-
-
2
4 2
49
7
-
-
-
-
-
-
-
313
,689
(5
4,74
4) (4
72,2
41)
(52,
144)
119
,206
(9
7,07
9)
-
-
(6,3
63)
(9,5
34)
(570
) 1
,413
,876
4
64,1
40
(1,4
35,8
99)
(174
,203
) 4
56,6
63
(469
,988
)
rdIRDA Registration No. 116 dated 3 August, 2001
112
Encl
osur
e G
: Fun
dwis
e an
d Cl
assw
ise
App
reci
atio
n/(D
epre
ciat
ion)
in v
alue
of I
nves
tmen
tsA
pp
end
ix II
I Ref
er S
ched
ule
16
No
te 2
4
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED Appendix III Refer Schedule 16 Note 24
(Am
ount
in R
s. '0
00)
Part
icul
ars
Gove
rnm
ent B
onds
Corp
orat
e Bo
nds
Infr
astr
uctu
re B
onds
Equi
tyM
oney
Mar
ket
Mut
ual F
und
Depo
sit w
ith B
anks
Tota
l(A)
Corp
orat
e Bo
nds
Infr
astr
uctu
re B
onds
Equi
tyM
utua
l Fun
d
Tota
l(B)
Tota
l(A+
B)st
Note
: The
abo
ve a
ppre
ciat
ion
/ dep
ricia
tion
is th
e di
ffere
nce
betw
een
mar
ket v
alue
and
the
book
cost
of t
he in
vest
men
t as a
t 31
Mar
ch 2
008
(Am
ount
in R
s. '0
00)
Part
icul
ars
Gove
rnm
ent B
onds
Corp
orat
e Bo
nds
Infr
astr
uctu
re B
onds
Equi
tyM
oney
Mar
ket
Mut
ual F
und
Depo
sit w
ith B
anks
Tota
l(A)
Corp
orat
e Bo
nds
Infr
astr
uctu
re B
onds
Equi
tyM
utua
l Fun
d
Tota
l(B)
Tota
l(A+
B)st
Note
: The
abo
ve a
ppre
ciat
ion
/ dep
ricia
tion
is th
e di
ffere
nce
betw
een
mar
ket v
alue
and
the
book
cost
of t
he in
vest
men
t as a
t 31
Mar
ch 2
008
Equi
tyIn
dex
Inde
x Pe
nsio
nPl
usPl
usDe
btLo
ngFu
nd
Pens
ion
Fund
Pe
nsio
nPl
usPe
nsio
n Fu
ndFu
nd II
Fund
Pens
ion
Fund
Fund
Gain
Fund
Fund
Fund
Fund
Equi
tyEq
uity
Equi
tyGr
oup
Life
Liqu
idLi
quid
Mid
Cap
Mid
Cap
Mid
Cap
-
-
-
-
-
(6)
-
-
-
-
-
-
-
-
-
-
(137
) -
-
1
7 3
2
9 -
-
-
-
-
(8
62)
-
-
-
-
-
25,
573
(61,
359)
785
,192
2
0,94
1 -
-
-
-
(3
0,06
4) (6
,877
) (1
2,90
8) -
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
25,
573
(61,
359)
785
,192
2
0,94
1 -
(1
,005
) -
-
(3
0,04
7) (6
,874
) (1
2,87
9)
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
8,5
92
(15,
118)
(223
,725
) 8
,831
-
-
-
-
5
,662
1
,911
1
7,19
2 -
-
2
11
-
-
-
-
-
17
-
55
8,5
92
(15,
118)
(223
,514
) 8
,831
-
-
-
-
5
,679
1
,911
1
7,24
7
34,
165
(76,
477)
561
,678
2
9,77
2 -
(1
,005
) -
-
(2
4,36
8) (4
,963
) 4
,368
Prem
ier
Bond
Debt
Equi
tyEq
uity
Equi
tyEq
uity
Equi
tySt
ock
Fund
Fund
Fund
Fund
Fund
Gai
n Fu
nd G
row
th Fu
ndIn
dex
Fund
Fund
Fu
nd
Prem
ier
Prem
ier
Prem
ier
Prem
ier
Prem
ier
Pure
Pure
Secu
reSt
able
Tota
l
38
8
-
-
-
-
-
-
(254
) 9
3 (1
4,09
3) (6
5) (7
18)
-
-
-
-
-
-
42
(496
) (1
9,93
3) (3
44)
(527
) -
-
-
-
-
-
(4
34)
(401
) (2
7,92
0) -
-
5
,755
2
0,17
9 (1
50,7
46)
19,
978
71,
203
(11,
127)
(672
) (3
0,03
0) 6
07,7
52
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(371
) (1
,237
) 5
,755
2
0,17
9 (1
50,7
46)
19,
978
71,
203
(11,
127)
(1,3
18)
(30,
834)
545
,806
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
2,4
92
(34,
738)
(23,
182)
13,
585
29,
129
745
(1
12)
(3,6
44)
(532
,450
) -
-
-
-
3
-
-
-
-
-
8
36
-
-
2,4
92
(34,
738)
(23,
179)
13,
585
29,
129
745
(1
12)
(3,6
44)
(531
,614
)
(371
) (1
,237
) 8
,247
(1
4,55
9) (1
73,9
25)
33,
563
100
,332
(1
0,38
2) (1
,430
) (3
4,47
8) 1
4,19
2
Annual Report 2008-2009
113
Encl
osur
e G
: Fun
dwis
e an
d Cl
assw
ise
App
reci
atio
n/(D
epre
ciat
ion)
in v
alue
of I
nves
tmen
tsA
pp
end
ix II
I Ref
er S
ched
ule
16
No
te 2
4
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED
Receipts and Payments Account (Cash Flow Statement)for the Period ending 31st March 2009
(Amount in Rs. '000)
Particulars Current Year Previous Year
Cash Flow from Operating ActivitiesReceipts from customers - Premium Income 106,026,241 97,167,145 - Premium & Other Deposits (795,883) 247,202
105,230,358 97,414,347 Other IncomeInterest on overdue premium 40,389 29,879 Unit linked fund administration / management charges 1,813,022 1,351,685 Others 90,698 87,763
1,944,109 1,469,327Cash generated from operations 107,174,467 98,883,675Cash paid towards Operating ActivitiesCommission (9,592,609) (15,057,592)Claims (7,530,565) (8,408,714)Other Expenses (18,139,198) (19,795,499)Direct Taxes Paid (91,356) (100,075)Change in Working Capital (3,107,138) 1,275,145
(38,460,866) (42,086,736)Cash flow before extraordinary item 68,713,601 56,796,939Extraordinary Item - - Net cash from Operating Activities ( A ) 68,713,601 56,796,939Cash Flow from Investing ActivitiesPurchase of Fixed Assets (763,461) (781,566)Purchase of Investments (Shareholders & Policy Holders) (111,968,837) (102,056,655)Net Increase/Decrease in Unit Link Investments (65,833,014) (53,021,687)
(178,565,312) (155,859,907)Investment Income (Shareholders & Policyholders) 2,282,966 1,348,942Sale of Investment (Shareholders & Policyholders) 107,003,320 91,787,225Sale of Fixed Assets 2,015 2,067
109,288,300 93,138,234Net cash from investing activities ( B ) (69,277,012) (62,721,673)Cash Flow from Financing activitiesProceeds from Issuance of Share Capital - 3,410Share Premium received on issuance of Share Capital - 5,097,950
- 5,101,360Net cash from Financing Activities ( C ) - 5,101,360Net increase in Cash & Cash Equivalents (D = A + B + C ) (563,411) (823,374)Cash & Cash equivalents at the beginning of the Year 3,321,003 4,144,377Cash & Cash Equivalents at the end of the Period 2,757,592 3,321,003Components of cash & cash equivalentsCash and Bank Balances ( as per Sch 11) 3,552,963 3,730,894Temporary overdraft (as per Sch 13 ) (795,371) (409,891)
2,757,592 3,321,003
As per our report of even date attached
Chartered Accountants Chartered AccountantsAnish Amin Juzer Miyajiwala Rahul Bajaj Kamesh Goyal Niraj Bajaj Partner Partner Chairman Alternate Director and Director Membership No. 40451 Membership No. 47483 Chief Executive Officer
Sanjiv Bajaj S. H. Khan Ranjit Gupta Director Director Director Sanjay Asher Suraj Mehta Manu Tandon Director Director Director Rajesh Viswanathan Anil Singh Sameer Bakshi Chief Financial Officer Appointed Actuary Company Secretary &
Head - Legal &Compliance
Place : PunethDate : 11 May 2009
For Dalal & Shah For B S R & Co For Bajaj Allianz Life Insurance Company Limited
rdIRDA Registration No. 116 dated 3 August, 2001
114
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED Balance sheet abstract and Company's general business profile
Balance sheet abstract and Company's general business profile
I. Registration Details
II. Capital raised during the year (Amount in Rs '000)
III. Position of mobilisation and deployment of funds (Amount in Rs '000)
IV Source of Funds (Amount in Rs '000)
V Application of Funds (Amount in Rs '000)
VI. Performance of Company (Amount in Rs '000)
Note: Being a life insurance company there is no turnover.
Registration No.15959 25
CINU66010PN2001PLC015959
Balance Sheet Date31 03 2009
Date Month Year
Public Issue Rights Issue- -
Bonus Issue Private Placement- -
Total Liabilities Total Assets175,788,114 175,788,114
Paid-up Capital Reserves and Surplus (shareholders)1,507,090 10,599,550
Secured Loans Unsecured LoansNil Nil
Policyholders funds Others163,681,474 Nil
Net Fixed Assets Investments1,644,417 171,565,360
Net Current Assets Miscellaneous Expenditure(3,104,479) Nil
Accumulated loss (Shareholders) Others5,605,846 76,970
Turnover Total Expenditure- -
Profit/Loss before tax Profit/Loss after tax(706,727) (706,812)
Accumulated Profits-
Earnings per share Dividend rate (%)(4.69) Nil
State Code
Annual Report 2008-2009
115
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED 100
Balance sheet abstract and Company's general business profile
VII. Generic Names of Principal Products/Services of Company
Item code no (ITC code) -
Product description Life Insurance Business
Note:
The Company being a life insurance company the accounts of the Company are not required to be made in accordance with Schedule VI. Further, the Insurance Act, 1938, requires the accounts of the Company to be split between Policyholders' & Shareholders' Account. In view of this it is not possible to give all the information as required in Part III & Part IV of the Schedule.
For Bajaj Allianz Life Insurance Company Limited
Rahul Bajaj Kamesh Goyal Niraj Bajaj Chairman Alternate Director and Director
Chief Executive OfficerSanjiv Bajaj S. H. Khan Ranjit Gupta Director Director Director Sanjay Asher Suraj Mehta Manu Tandon Director Director Director Rajesh Viswanathan Anil Singh Sameer Bakshi Chief Financial Officer Appointed Actuary Company Secretary &
Head - Legal &Compliance
Place : PunethDate : 11 May 2009
rdIRDA Registration No. 116 dated 3 August, 2001
116
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED Annual Report 2008-2009
Notes
Bajaj Allianz Life Insurance Co. Ltd.GE Plaza, Airport Road, Yerawada, Pune 411006.
www.bajajallianzlife.co.in
Insurance is the subject matter of the solicitation
BJA
Z-O
-012
4/10
-Ju
l-09