Quarter Ended
September 30 ,2017
Period Ended
September 30 ,2017
Quarter Ended
September 30 ,2016
Period Ended
September 30 ,2016
1 Premium Earned (Net)
NL-4-
Premium
Schedule 11136530 12334238 10315655 12152456
2 Profit/Loss on Sale/Redemption of Investments 1248 32013 4928 12506
3 Accretion of Discount on Investment 182311 341911 5132 12390
4 Interest, Dividend & Rent -Gross 621509 1529795 648613 1341461
TOTAL (A) 11941598 14237957 10974328 13518813
1 Claims Incurred (Net)
NL-5-Claim
Schedule 12241718 11322324 12272359 14022042
2 Commission
NL-6-
Commission
Schedule (4141331) (4141717) (3681286) (3702656)
3 Operating Expenses related to Insurance Business
NL-7-
Operating
Expense
Schedule 549373 807491 633728 928548
4 Premium Deficiency 0 0 0
5 Bank Interest 2725 2725 26337 38546
6 Expenses related to Investments :
a) Amortization of Premium on Investments 8212 18434 4826 9426
b) Stock Holding Charges 201 822 184 599
c) Bank Interest & Charges 0 0 0 0
d) Other expenses related to investment 0 48 12 28
TOTAL (B) 8660898 8010127 9256160 11296533
Operating Profit from Crop Insurance Business C=(A-B) 3280700 6227830 1718168 2222280
APPROPRIATIONS
Transfer to Shareholders' Account 3280700 6227830 1718168 2222280
Transfer to Catastrophe Reserve 0 0 0 0
Transfer to Other Reserves 0 0 0 0
TOTAL 3280700 6227830 1718168 2222280
CIN: U74999DL2002PLC118123
FORM NL-1-B-RA
Agriculture Insurance Company of India Limited
Registration No. 126 and Date of Registration with the IRDA: 30.10.2003
Schedule
REVENUE ACCOUNT FOR THE PERIOD ENDED SEPTEMBER 30, 2017
SN Particulars
(Rs. in '000)
Quarter Ended
September 30 ,2017
Period Ended
September 30 ,2017
Quarter Ended
September 30 ,2016
Period Ended
September 30 ,2016
1 OPERATING PROFIT/(LOSS)
(a) Fire Insurance
(b) Marine Insurance
(c ) Misc. Insurance-Crop
Insurance
3280700 6227830 1718168 2222280
2 INCOME FROM INVESTMENTS
(a) Interest, Dividend & Rent – Gross 402284 647141
456152 943412
(b) Profit on sale of investments 5249 13542 3466 8795
Less: Loss on sale of investmentsc) Accretion of Discount on 101612 144637 3609 8714
3 OTHER INCOME
a) Miscellaneous Receipts 50896 77214 926 1896
b) Income from administration of
outgoing Co-insurance Business
(255) 128186 128316
c) Profit on sale of Fixed Assets 292 292 0 0
TOTAL (A) 3840777 7110656 2310508 3313413
4 PROVISIONS (Other than taxation)
(a) For Diminution in the value of
investments
0 0 0 0
(b) For Doubtful debts 0 0 0 0
(c) Others- Provision for Loyalty
Discount
0 0 0 0
(d) Provision for standard asset 0 (180665) (7238) (5922)
5 OTHER EXPENSES
(a) Expenses other than those
related to Insurance Business
i) Amortisation of Premium on
Investments
5043 7798 3393 6629
ii) Stock Holding Charges 180 348 129 421
iii) Bank Charges
iv) Other expenses related to
investment
7 20 9 20
(b) Bad debts written off
(c) Others
i) Loss on sale of Fixed Assets 0 0 3127 3127
ii) Prior Period Expenses 0 0 2 32
iii) Corporate Social Responsibility 11479 14309 10552 21209
iv) Other 0 0 0 5
TOTAL (B) 16710 (158190) 9974 25521
Profit Before Tax (C=A-B) 3824067 7268846 2300533 3287892
Provision for Taxation 1246805 2324790 780079 1100736
Profit After Tax (D) 2577262 4944056 1520455 2187156
0 0 0 0
0 0 0 0
0 0 0 0
(d) Corporate social responsibility 0 0 0 0
0 0 0 0
2577263 4944056 1520455 2187156Balance carried forward to Balance Sheet
Balance of profit/ loss brought forward from
(e) Transfer to any Reserves or Other
CIN: U74999DL2002PLC118123
FORM NL-1-B-PL
Agriculture Insurance Company of India Limited
Registration No. 126 and Date of Registration with the IRDA: 30.10.2003
PROFIT AND LOSS ACCOUNT FOR THE PERIOD ENDED SEPTEMBER 30, 2017
(c) Dividend distribution tax
(b) Proposed final dividend
(a) Interim dividends paid during the year
APPROPRIATIONS
SN Particulars Schedule
(Rs. in '000)
As at September 30 ,2017 As at September 30 ,2016
SOURCES OF FUNDS
SHARE CAPITAL NL-8-Share Capital
Schedule
2000000 2000000
SHARE APPLICATION MONEY
PENDING ALLOTMENT
RESERVES AND SURPLUS NL-10-Reserves and
Surplus Schedule
32616669 26622088
FAIR VALUE CHANGE
ACCOUNT
220297 (102155)
DEFERRED TAX LIABILITY 2424 14105
BORROWINGS NL-11-Borrowings
Schedule
0 0
TOTAL 34839390 28534038
APPLICATION OF FUNDS
INVESTMENTS NL-12-Investment
Schedule
71104748 57653054
LOANS NL-13-Loans
Schedule
83123 37910
FIXED ASSETS NL-14-Fixed Assets
Schedule
1774275 515392
DEFERRED TAX ASSET
CURRENT ASSETS
CASH AND BANK BALANCES NL-15-Cash and
bank Balance
Schedule
8927647 30626776
ADVANCES AND OTHER
ASSESTS
NL-16-Advances and
Other Assets
Schedule
45952686 47934690
Sub-Total (A) 54880334 78561466
CURRENT LIABILITIES NL-17-Current
Liabilities Schedule
82866112 96788815
PROVISIONS NL-18-Provisions
Schedule
10136977 11444968
DEFERRED TAX LIABILITY
Sub-Total (B) 93003090 108233783
NET CURRENT ASSETS (C) =
(A - B)
(38122756) (29672317)
MISCELLANEOUS
EXPENDITURE (to the extent not
written off or adjusted)
NL-19-
Miscellaneous
Expenditure
Schedule
0 0
DEBIT BALANCE IN PROFIT
AND LOSS ACCOUNT
0 0
TOTAL 34839390 28534038
Particulars Schedule
FORM NL-3-B-BS
Agriculture Insurance Company of India Limited
Registration No. 126 and Date of Registration with the IRDA:30.10.2003
BALANCE SHEET AS AT SEPTEMBER 30,2017
(Rs. in '000)
CIN: U74999DL2002PLC118123
Quarter Ended
September 30 ,2017
Period Ended
September 30 ,2017
Quarter Ended
September 30 ,2016
Period Ended
September 30 ,2016
Premium from Direct Business
written(Net of Service Tax) 54830327 55232095 43147083 45568206
Add: Premium on reinsurance
accepted 0 86989 0 0
Less : Premium on reinsurance
ceded 42486787 42797599 33217514 33421166
Net Premium 12343540 12521485 9929569 12147040
Adjustment for change in reserve for
unexpired risks(1207010) (187247) 386086 5416
Premium Earned (Net) 11136530 12334238 10315655 12152456
Particulars
PREMIUM EARNED (NET)
FORM NL- 4 - PREMIUM SCHEDULE
Registration No. 126 and Date of Registration with the IRDA:30.10.2003
Agriculture Insurance Company of India Limited
(Rs in '000)
CIN: U74999DL2002PLC118123
Quarter Ended
September 30 ,2017
Period Ended
September 30 ,2017
Quarter Ended
September 30 ,2016
Period Ended
September 30 ,2016
Claims Paid - Direct 13041482 34021980 7881020 15514098
Add: Reinsurance Accepted 0 7157 0 0
Less:Reinsurance Ceded 8069702 23033601 5396047 7050127
Net Claims paid 4971780 10995536 2484973 8463971
Add: Claims Outstanding at the end of the current year 33922358 118728156 45383990 90783774
Add: Reinsurance Accepted (1823) 85013 0 0
Less: Reinsurance Ceded 26650596 84766961 35596605 58535656
Net Claims Outstanding at the end of Current year 7269938 34046208 9787386 32248118
Less :Claims Outstanding at the beginning 0 108486297 0 52326983
Add: Reinsurance Accepted 0 16393 0 0
Less: Reinsurance Ceded 0 74783270 0 25636936
Net Claims Outstanding at the beginning 0 0 0 26690047
Gross Incurred Claims 46963839 44263839 53265010 53970889
Add: Re-insurance accepted to direct claims (1823) 75777 0 0
Less: Re-insurance Ceded to claims paid 34720298 33017292 40992652 39948847
Total Claims Incurred 12241718 11322324 12272359 14022042
Registration No. 126 and Date of Registration with the IRDA:30.10.2003
Agriculture Insurance Company of India Limited
FORM NL-5 - CLAIMS SCHEDULE
Particulars
CLAIMS INCURRED [NET]
(Rs in '000)
CIN: U74999DL2002PLC118123
Quarter Ended September
30 ,2017
Period Ended
September 30 ,2017
Quarter Ended
September 30 ,2016
Period Ended
September 30 ,2016
Direct107987 119445 -33 259
Add: Re-insurance Accepted0 21290 0 0
Less: Commission on Re-insurance Ceded4249318 4282452 3681253 3702915
Net Commission(4141331) (4141717) (3681286) (3702656)
Agents 0 0 0 0
Brokers93098
104540 10 182
Corporate Agency 10376 10376 0
Others:
(i) Micro Insurance Agents/NGO's etc4512
4529 -42 59
(ii) Service Charges to Banks0
0
(iii) Reimbursement to GIPSA Companies
(Coinsurance-Tie Up) 0 0 -1 18
iv) Insurance Commission to others 0 0 0
TOTAL (B) 107986 119445 (33) 259
COMMISSION
Registration No. 126 and Date of Registration with the IRDA:30.10.2003
Agriculture Insurance Company of India Limited
FORM NL-6 COMMISSION SCHEDULE
Particulars
Break-up of the expenses (Gross) incurred to procure business to be furnished as per details indicated below:
(Rs in '000)
CIN: U74999DL2002PLC118123
Quarter Ended
September 30 ,2017
Period Ended
September 30 ,2017
Quarter Ended
September 30 ,2016
Period Ended
September 30 ,2016
1 Employees' Remuneration & Welfare benefits 69178 172861 64683 250949
2 Travel, conveyance and vehicle running
expenses
10762 16825 9698 16175
3 Training expenses 682 880 775 841
4 Rents, rates & taxes 27087 53422 27831 47912
5 Repairs 2527 5208 2955 4889
6 Printing & Stationery 2281 4124 6429 8038
7 Communication 2009 3868 2730 4200
8 Legal & Professional Charges 2887 4656 2464 3611
9 Auditor's Fees, Expenses etc 0 0
(a) as auditor 1375 2812 512 639 (b) as adviser or in any other capacity, in
respect of(i) Taxation matters 0 0 0 0
(ii) Insurance matters 0 0 0 0
(iii) Management services; and 0 0 0 0
(c) in any other capacity 0 0 0 0
10 Advertisement and Publicity 9854 12487 9738 18265
11 Research & Development Expenses 28 28 2427 2427
12 Fee & Subscription to Statutory Authorities 7166 12391 16941 21772
13 Interest & Bank Charges 40584 40611 4 48
14 Depreciation 27336 53771 34205 59890
15 Information Technology 1196 49806 63025 89756
16 Service charges to Banks/FI's 307606 318966 373901 375717
17 Other 36813 54775 15410 23419
Total 549373 807491 633728 928548
(Rs in '000)
CIN: U74999DL2002PLC118123
Registration No. 126 and Date of Registration with the IRDA:30.10.2003
Agriculture Insurance Company of India Limited
FORM NL-7 OPERATING EXPENSES SCHEDULE
SN Particulars
OPERATING EXPENSES RELATED TO INSURANCE BUSINESS
SN Particulars As at September 30 ,2017 As at September 30 ,2016
1 Authorised Capital 15000000 15000000
Equity Shares of Rs 10 each
2 Issued Capital 2000000 2000000
Equity Shares of Rs.10 each
3 Subscribed Capital 2000000 2000000
Equity Shares of Rs.10 each
4 Called-up Capital 2000000 2000000
Equity Shares of Rs.10 each
Less : Calls unpaid 0 0
Add : Equity Shares forfeited (Amount
originally paid up)
0 0
Less : Par Value of Equity Shares bought
back
0 0
Less : Preliminary Expenses 0 0
Expenses including commission or
brokerage on
0 0
Underwriting or subscription of
shares
0 0
TOTAL 2000000 2000000
FORM NL-8 - SHARE CAPITAL SCHEDULE
SHARE CAPITAL
(Rs.’000)
Registration No. 126 and Date of Registration with the IRDA:30.10.2003
CIN: U74999DL2002PLC118123
Agriculture Insurance Company of India Limited
Number of
Shares ('000)% of Holding
Number of
Shares ('000)% of Holding
Promoters
Indian
General Insurance Corporation of
India
70000 35% 70000 35%
National Agriculture Bank for Rural
Development
60000 30% 60000 30%
National Insurance Company Ltd.&
its nominee
17500 8.75% 17500 8.75%
The New India Assurance
Company Ltd. & its nominee
17500 8.75% 17500 8.75%
The Oriental Insurance Company
Ltd.
17500 8.75% 17500 8.75%
United India Insurance Company
Ltd.
17500 8.75% 17500 8.75%
Foreign NIL NIL NIL NIL
Others 0 0 0 0
TOTAL 200000 100% 200000 100%
FORM NL-9 PATTERN OF SHAREHOLDING SCHEDULEAgriculture Insurance Company of India Limited
As at September 30 ,2016As at September 30 ,2017
PATTERN OF SHAREHOLDING
[As certified by the Management]
Shareholder
Registration No. 126 and Date of Registration with the IRDA:30.10.2003
CIN: U74999DL2002PLC118123
SN Particulars
1 Capital Reserve 0 0 0 0
2 Capital Redemption Reserve 0 0 0 0
3 Share Premium 0 0 0 0
4 General Reserve
Opening Balance 27672613 24434932
Less: Charge on account of transitional
provisions under Accounting Standard 15
Add: Profit transferred during the year 27672613 24434932
5 Catastrophe Reserve 0 0
6 Other Reserves 0 0
Balance of Profit in Profit & Loss Account 4944056 2187156
TOTAL 32616669 26622088
(Rs in '000)
As at September 30 ,2017 As at September 30 ,2016
FORM NL-10 - RESERVES AND SURPLUS SCHEDULE
Agriculture Insurance Company of India Limited
Registration No. 126 and Date of Registration with the IRDA:30.10.2003
RESERVES AND SURPLUS
CIN: U74999DL2002PLC118123
SN Particulars As at September 30 ,2017 As at September 30 ,2016
1 Debentures/ Bonds 0 02 Banks 0 0
3 Financial Institutions 0 0
4 Others (to be specified) 0 0
0 0TOTAL
CIN: U74999DL2002PLC118123
FORM NL-11 - BORROWINGS SCHEDULE
BORROWINGS
Agriculture Insurance Company of India Limited
Registration No. 126 and Date of Registration with the IRDA:30.10.2003
(Rs.’000)
SN Particulars As at September 30 ,2017 As at September 30 ,2016
LONG TERM INVESTMENTS
1 Government securities and Government
guaranteed bonds including Treasury Bills 11342996 11642462
2 Other Approved Securities 9164573 6956394
3 Other Investments
( a) Shares
(aa) Equity 2283031 1203206
(bb) Preference
( b) Mutual Funds
(c) Derivative Instruments
(d) Debentures/ Bonds 10191206 5999147
(e) Other Securities-Tier II Bonds(f) Subsidiaries
(g) Investment Properties-Real Estate
4 Investments in Infrastructure and Social Sector
7635746 4556997
5 Other than Approved Investments 15389 13899
Sub-total (A) 40632942 30372105
SHORT TERM INVESTMENTS
1 Government securities and Government
guaranteed bonds including Treasury Bills 11990876.58 580304
2 Other Approved Securities 60475.12384 81090
3 Other Investments
(a) Shares
(aa) Equity
(bb) Preference
(b) Mutual Funds 6498633.416 1315271
(c) Derivative Instruments
(d) Debentures/ Bonds 1625021.382 2150000
(e) Other Securities (Commercial Papers) 10231733 19016050
(f) Subsidiaries
(g) Investment Properties-Real Estate
4 Investments in Infrastructure and Social Sector
65064.55673 1262605
5 Other than Approved Investments 0 2875629
Sub-total (B) 30471806 27280949
TOTAL 71104748 57653054
(Rs.’000)
Agriculture Insurance Company of India Limited
FORM NL-12 - INVESTMENT SCHEDULE-SHAREHOLDERS
INVESTMENTS
Registration No. 126 and Date of Registration with the IRDA: 30.10.2003
CIN: U74999DL2002PLC118123
SN Particulars As at September 30 ,2017 As at September 30 ,2016
1 SECURITY-WISE CLASSIFICATIONSecured
(a) On mortgage of property
(aa) In India 0 0
(bb) Outside India 0 0
(b) On Shares, Bonds, Govt. Securities 0 0
(c) Others -Loan to staff 83123 37910
Unsecured 0 0
TOTAL 83123 37910
2 BORROWER-WISE CLASSIFICATION
(a) Central and State Governments 0 0
(b) Banks and Financial Institutions 0 0
(c) Subsidiaries 0 0
(d) Industrial Undertakings 0 0
(e) Others (Loans to Staff) 83123 37910
TOTAL 83123 37910
3 PERFORMANCE-WISE CLASSIFICATION
(a) Loans classified as standard
(aa) In India 83123 37910
(bb) Outside India 0 0
(b) Non-performing loans less provisions
(aa) In India 0 0
(bb) Outside India 0 0
TOTAL 83123 37910
4 MATURITY-WISE CLASSIFICATION
(a) Short Term 0 0
(b) Long Term 83123 37910
TOTAL 83123 37910
FORM NL-13 LOANS SCHEDULE
LOANS
Agriculture Insurance Company of India Limited
Registration No. 126 and Date of Registration with the IRDA:30.10.2003
(Rs. in '000)
CIN: U74999DL2002PLC118123
Opening as at
April, 1,2017
Additions Deductions Closing as at
September 30
,2017
Up to Last
Year
For the
Period
On sale
/adjustment
Transferred to
Retained
Earning
Upto
September
30 ,2017
As at
September
30 ,2017
As at
September
30 ,2016
Goodwill
Intangibles (Computer Software) 466066 384 466450 338742 34223 0 0 372965 93485 127324
Land-Freehold 0 0 0 0 0 0 0
Leasehold Property 0 0 0 0 0 0 0
Buildings 364494 6925 371419 79925 7129 0 0 87054 284365 284569
Furniture & Fittings 16946 217 17163 12236 599 0 0 12835 4328 4710
Information Technology Equipment 161248 5588 236 166599 132712 8140 369.4068 0 140482 26117 28536
Vehicles 32552 5867 1856 36562 17382 2721 1196.3665 0 18907 17655 15170
Office Equipment 11028 614 108 11534 8824 414 20.76041 0 9217 2317 2204
Electrical Equipment & Fittings 9923 382 10305 6889 434 0 0 7323 2982 3034
Work In Progress 582731 760404 1343135 0 110 0 0 110 1343025 582731
GRAND TOTAL 1644988 780380 2200 2423169 596710 53770 1586 0 648894 1774275 1048278
PERIOD ENDED 30.09.2016 1095975 600387 51374 1644988 521488 122560 47339 0 596710 1048278 -
CIN: U74999DL2002PLC118123
Agriculture Insurance Company of India Limited
Cost/Gross Block
Particulars
FORM NL-14 - FIXED ASSETS SCHEDULE
FIXED ASSETS
Registration No. 126 and Date of Registration with the IRDA:30.10.2003
Depreciation Net Block
SN Particulars As at September 30 ,2017 As at September 30 ,2016
1 Cash (including cheques, drafts and stamps) 56 1086
2 Bank Balances
(a) Deposit Accounts
(aa) Short term (due within 12 months)
(i) Govt. A/c with IDBI Bank 7120846 30517686
(ii) Others(b) (i) Current Accounts 68134 108004 (ii) Others 1738611 0
3 Money at Call and Short Notice
(a) With Banks 0 0(b) With other Institutions 0 0
4 Others 0 0
TOTAL 8927647 30626776
(Rs.’000)
CASH AND BANK BALANCES
FORM NL-15 - CASH AND BANK BALANCES SCHEDULE
Agriculture Insurance Company of India Limited
Registration No. 126 and Date of Registration with the IRDA:30.10.2003
CIN: U74999DL2002PLC118123
SN Particulars As at September 30 ,2017 As at September 30 ,2016
ADVANCES
1 Reserve deposits with ceding companies 0 0
2 Application money for investments 0 0
3 Prepayments 18279 5571
4 Advances to Directors/Officers 3958 2773
5 Advance tax paid and taxes deducted at source
(Net of provision for taxation)
1775965 2061086
6 Others:
(a) Advance Rent paid 612 3448
(b) Sundry Advances 20052 32252
Less: Provision for premium defalcation (17833) (17833)
TOTAL (A) 1801033 2087297
OTHER ASSETS
1(a) Income accrued on investments
Accrued but not due 1494264 1772655
Accrued and due 23824 0
1(b) Income accrued on Flexi deposit 115295 0
2 Outstanding Premiums 0 0
3 Agents’ Balances 0 0
4 Due from other entities carrying on insurance
business(including reinsurers)
0 0
5 Due from subsidiaries/ holding 5379406 9365439
6 Others: 0 0
a) Sundry Deposits 89257 53088
b) Advance against Capital Assets 859612 902619
c) Short Collection 32873 57167
d) Others (Adhoc payment to Govt. of India) 2000000 2000000
e) Government Balances (Centre/States/Uts/Coffee
Board)
34135880 31675187
f) Service Tax Unutilized Credit 21242 21238
TOTAL (B) 44151653 45847393
GRAND TOTAL (A+B) 45952686 47934690
CIN: U74999DL2002PLC118123
ADVANCES AND OTHER ASSETS
FORM NL-16 - ADVANCES AND OTHER ASSETS SCHEDULE
Agriculture Insurance Company of India Limited
Registration No. 126 and Date of Registration with the IRDA:30.10.2003
(Rs.’000)
SN Particulars As at September 30 ,2017 As at September 30 ,2016
1 Agents’ Balances 0 0
2 Balances due to other insurance companies 42949886 47170159
3 Deposits held on re-insurance ceded 0 0
4 Premiums received in advance 0 0
5 Unallocated Premium 0 0
6 Sundry Creditors 1604011 1168631
7 Due to subsidiaries/ holding company
8 Claims Outstanding 33219130 32248118
9 Due to Officers/ Directors 0 0
10 Others:
a) Excess Collection of Premium 413906 856484
b) Expenses Payable 598542 60968
c) Earnest Money Deposit 3953 3215
d) Government (Centre/States/UTs/Coffee Board) 1579059 15243016
11 Unclaimed Amount of policyholders 2497625 38224
TOTAL 82866112 96788815
(Rs.’000)
FORM NL-17 - CURRENT LIABILITIES SCHEDULE
Registration No. 126 and Date of Registration with the IRDA:30.10.2003
Agriculture Insurance Company of India Limited
CIN: U74999DL2002PLC118123
CURRENT LIABILITIES
SN Particulars As at September 30 ,2017 As at September 30 ,2016
1 Reserve for Unexpired Risk 9076832 11134819
2 For taxation (less advance tax and TDS) 850300 0
3 For Proposed Dividends 0 0
4 For Dividend Distribution Tax 0 0
5 Others:
(i) Provision for Retirement Benefits 182256 159794
(ii) Provision for Doubtful Debts 47 47
(iii) Provision on Standard Assets 0 133116
(iv) Provision for Loyalty Discount 8 8
(v) Provision for Outstanding Expenses 21812 7000
(vi) Provision for Purchase 5722 10184
(vii) Reserve for Premium Deficiency
TOTAL 10136977 11444968
(Rs.’000)
FORM NL-18 - PROVISIONS SCHEDULE
Agriculture Insurance Company of India Limited
Registration No. 126 and Date of Registration with the IRDA:30.10.2003
CIN: U74999DL2002PLC118123
PROVISIONS
SN Particulars As at September 30 ,2017 As at September 30 ,2016
1 Discount Allowed in issue of
shares/ debentures0 0
2 Others :
(i) Research & Development
Expenses 0 0
(ii) Preliminary Expenses 0 0
(Rs.’000)
CIN: U74999DL2002PLC118123
MISCELLANEOUS EXPENDITURE
FORM NL-19 - MISCELLANEOUS EXPENDITURE SCHEDULE
(To the extent not written off or adjusted)
Agriculture Insurance Company of India Limited
Registration No. 126 and Date of Registration with the IRDA:30.10.2003
SN Particular
Reserves for
unexpired
risks
Reserve for
Outstanding
Claims
IBNR
Reserves
Total
Reserves
Reserves for
unexpired
risks
Reserve for
Outstanding
Claims
IBNR
ReservesTotal Reserves
1 Fire
2 Marine
a Marine Cargo
b Marine Hull
3 Miscellaneous
a Motor
b Engineering
c Aviation
d Liabilities
4 Others
a Health Insurance
b Crop Insurance 90768 105694 234768 431230 78698 150751 117011 346461
5 Total Liabilities 90768 105694 234768 431230 78698 150751 117011 346461
FORM NL-21 - STATEMENT OF LIABILITIES
Period Ended September 30, 2017
Agriculture Insurance Company of India LimitedRegistration No. 126 and Date of Registration with the IRDA:30.10.2003
STATEMENT OF LIABILITIES
(Rs. in Lakh)
Period Ended September 30, 2016
CIN: U74999DL2002PLC118123
For the Quarter Upto the Quarter For the Quarter Upto the Quarter
Andhra Pradesh 23619.96 23696.41 23619.96 23696.41
Arunachal Pradesh 0.00 0.00 0.00 0.00
Assam 0.12 0.12 0.12 0.12
Bihar 36622.75 36622.75 36622.75 36622.75
Chhattisgarh -0.02 -0.35 -0.02 -0.35
Goa 0.00 0.00 0.00 0.00
Gujarat 86508.18 86509.69 86508.18 86509.69
Haryana 0.00 0.00 0.00 0.00
Himachal Pradesh 225.23 1207.15 225.23 1207.15
Jammu & Kashmir 0.00 0.00 0.00 0.00
Jharkhand 0.00 0.01 0.00 0.01
Karnataka 30470.59 30560.93 30470.59 30560.93
Kerala 763.39 785.76 763.39 785.76
Madhya Pradesh 150048.42 150267.81 150048.42 150267.81
Maharasthra 98700.66 98701.46 98700.66 98701.46
Manipur 0.00 0.00 0.00 0.00
Meghalaya 0.00 0.00 0.00 0.00
Mizoram 0.00 0.00 0.00 0.00
Nagaland 0.00 0.00 0.00 0.00
Orissa 14857.38 14857.38 14857.38 14857.38
Punjab 0.00 0.00 0.00 0.00
Rajasthan 79680.76 80494.22 79680.76 80494.22
Sikkim 0.00 0.00 0.00 0.00
Tamil Nadu 1246.54 2305.63 1246.54 2305.63
Telangana 8148.84 8148.84 8148.84 8148.84
Tripura 0.00 0.00 0.00 0.00
Uttar Pradesh 386.94 1286.66 386.94 1286.66
Uttrakhand 240.78 3284.51 240.78 3284.51
West Bengal 16782.76 13591.96 16782.76 13591.96
Andaman & Nicobar Is. 0.00 0.00 0.00 0.00
Chandigarh 0.00 0.00 0.00 0.00
Dadra & Nagra Haveli 0.00 0.00 0.00 0.00
Daman & Diu 0.00 0.00 0.00 0.00
Delhi 0.00 0.00 0.00 0.00
Lakshadweep 0.00 0.00 0.00 0.00
Puducherry 0.00 0.00 0.00 0.00
Total 548303.27 552320.95 548303.27 552320.95
FORM NL-22 GEOGRAPHICAL DISTRIBUTION OF BUSINESS
Agriculture Insurance Company of India Limited
Registration No. 126 and Date of Registration with the IRDA:30.10.2003
CIN: U74999DL2002PLC118123
GROSS UNDERWRITTEN PREMIUM FOR AND UPTO THE QUARTER ENDED SEPTEMBER 30 ,2017
(Rs. in Lakh)
STATESCrop Insurance Grand Total
(Rs in Lakhs)
S.No. Reinsurance Placements
Proportional Non-Proportional Facultative
1 No. of Reinsurers with rating of AAA and above 0 0.00 0.00 0.00 0.00
2 No. of Reinsurers with rating AA but less than AAA 6 14404.81 1384.41 0.00 3.69
3 No. of Reinsurers with rating A but less than AA 42 68001.68 4383.76 0.00 16.91
4 No. of Reinsurers with rating BBB but less than A 2 1650.92 104.41 0.00 0.41
5 No. of Reinsurers with rating less than BBB 0 0.00 0.00 0.00 0.00
6 No. of Indian Reinsurers 10 330129.67 7914.25 2.09 78.99
Total 60 414187.08 13786.83 2.09 100.00
for the Quarter ending September 30 ,2017
Reinsurance Risk Concentration
No. of
reinsurers
Premium ceded to reinsurers Premium ceded to
reinsurers / Total
reinsurance
premium ceded
(%)
PERIODIC DISCLOSURESFORM NL-23
Agriculture Insurance Company of India Ltd.
Registration No. 126 and Date of Registration with the IRDA:30.10.2003
CIN: U74999DL2002PLC118123
(Rs in Lakhs)
Line of BusinessTotal No. of
claims paid
Total amount
of claims paid
1 month 1 - 3 months 3 - 6 months 6 months - 1 year > 1 year
1 Fire
2 Marine Cargo
3 Marine Hull
4 Engineering
5 Motor OD
6 Motor TP
7 Health
8 Overseas Travel
9 Personal Accident
10 Liability
11 Crop 291130 582273 48004 361611 912456 2195474 130402
12 Miscellaneous
FORM NL-24 AGEING OF CLAIMS
PERIODIC DISCLOSURES
Ageing of Claims for the Quarter ending September 30 ,2017
Sl.No.No. of claims paid
Agriculture Insurance Company of India Ltd.
CIN: U74999DL2002PLC118123
Registration No. 126 and Date of Registration with the IRDA:30.10.2003
No. of claims only
Sl. No. Claims Experience Crop Total
1 Claims O/S at the beginning of the period 5977609 5977609
2 Claims reported during the period 859006 859006
3 Claims Settled during the period 2195474 2195474
4 Claims Repudiated during the period 0 0
5 Claims closed during the period 59278 59278
6 Claims O/S at End of the period 4581863 4581863
Less than 3months 914304 914304
3 months to 6 months 909937 909937
6months to 1 year 347255 347255
1year and above 2410367 2410367
PERIODIC DISCLOSURES
Agriculture Insurance Company of India Ltd.
CIN :U74999DL2002PLC118123
Quarterly claims data for the quarter ending September 30 ,2017
FORM NL-25 Quarterly claims data for Non-Life
Registration No. 126 and Date of Registration with the IRDA:30.10.2003
1 Fire
2 Marine Cargo
3 Marine Hull
4 Motor
5 Engineering
6 Aviation
7 Laibilities
8 Others-Crop Insurance 796335 181536 740618 212925 79634 111093 111093
9 Health
Total 796335 181536 740618 212925 79634 111093 111093
RSMGross Premium Net PremiumGross incurred
Claims
Net incurred
ClaimsRSM-1 RSM-2
FORM NL-26- CLAIMS INFORMATION -KG TABLE I
Agriculture Insurance Company of India Limited
Registration No. 126 and Date of Registration with the IRDA:30.10.2003
(Rs. in Lakh)
SN Description
PREMIUM
CIN: U74999DL2002PLC118123
CLAIMS
Sl. No.
1
2
3 Out of approvals of previous year
4 Out of approvals of this year
5
6
7
8
9
The above figure includes 1 Head Office at Delhi, 18 Regional Offices at various locations and 1 One Man Office at Shimla.
PERIODIC DISCLOSURES
Office Information Number
No. of offices at the beginning of the year 19
No. of branches approved during the year 0
FORM NL-27
Agriculture Insurance Company of India Ltd
CIN: U74999DL2002PLC118123
No. of branches opened during the year1
0
Office Information as on September 30 ,2017
Registration No. 126 and Date of Registration with the IRDA:30.10.2003
No. of rural branches 0
No. of urban branches 20
No. of branches closed during the year 0
No of branches at the end of the year 20
No. of branches approved but not opened 0
Rs. In Lakhs
(Rs. in Lakh)
No PARTICULARS SCH AMOUNT1 Investments 8 711044.78
2 Loans 9 831.23
3 Fixed Assets 10 17742.75
4 Current Assets
a. Cash & Bank Balance 11 89276.47
b. Advances & Other Assets 12 459526.86
5 Current Liabilities
a. Current Liabilities 13 828661.12
b. Provisions 14 101369.77
c. Misc. Exp not Written Off 15 0.00
d. Debit Balance of P&L A/c 0.00
Application of Funds as per Balance Sheet (A) 2208452.98
Less: Other Assets SCH AMOUNT1 Loans (if any) 9 831.23
2 Fixed Assets (if any) 10 17742.75
3 Cash & Bank Balance (if any) 11 89276.47
4 Advances & Other Assets (if any) 12 459526.86
5 Current Liabilities 13 828661.12
6 Provisions 14 101369.77
7 Misc. Exp not Written Off 15 0.00
8 Debit Balance of P&L A/c 0.00
TOTAL (B) 1497408.20
'Investment Assets' As per FORM 3B (A-B) 711044.78
Balance FRSM+
(a) (b) (c) d = (b+c) (e) (f) g= (d + f)
1 G. Sec. Not less than 20% 0 69371.60 163967.12 233338.73 32.92% 0 233338.73 239390.53
2 G. Sec or Other Apporved Sec. (incl. (1) above) Not less than 30% 0 96797.67 228791.54 325589.21 45.93% 0 325589.21 336627.63
3 Investment subject to Exposure Norms
1.'Housing & Loans to SG for Housing and FFE, Infrastructure Investments Not less than 15% 0 38381.13 90717.87 129099.00 18.21% 0 129099.00 132443.31
2. Approved Investments Not exceeding 55% 0 75443.30 178318.23 253761.54 35.80% 2441.15 256202.69 286665.26
3. Other Investments (not exceeding 25%) Not exceeding 25% 0 116.56 275.51 392.08 0.06% -238.19 153.89 153.89Total Investment Assets 100.00% 0 210738.67 498103.14 708841.82 100.00% 2202.97 711044.78 755890.08
*All securities are considered to be on the basis of 'Held to Maturity'.
FORM NL-28-STATEMENT OF ASSETS - 3B
Statement as on: September 30 ,2017
Statement of Investment Assets (General Insurer, Re-insurers)
(Business within India)
Periodicity of Submission: Quarterly
Reg. %
SH
AGRICULTURE INSUARNCE COMPANY OF INDIA LIMITED
CIN: U74999DL2002PLC118123
Registration No. 126 and Date of Registration with the IRDA:30.10.2003
FVC Amount Total *Market Value
(h)No 'Investment' represented as
% ActualPH Book Value (SH + PH)
(Rs in Lakhs)
As at
September 30
,2017
as % of total
for this class
As at
September
30 ,2016
as % of total for this
class
As at
September
30 ,2017
As % of total
for this class
As at
September
30 ,2016
As % of total
for this class
Break down by credit rating
AAA rated 472098.49 70.68% 302441.07 56.24% 457877.25 73.49% 288527.94 55.17%
AA or better 93506.40 14.00% 44683.05 8.31% 62882.34 10.09% 43762.05 8.37%
Rated below AA but above A
Rated below A but above B 504.00 0.09% 500.33 0.10%
Any other 102314.66 15.32% 190160.50 35.36% 102314.66 16.42% 190160.50 36.36%
BREAKDOWN BY
RESIDUALMATURITY
Up to 1 year 239984.38 35.93% 231955.69 43.13% 239729.04 38.48% 231400.82 44.25%
more than 1 yearand upto 3
years169572.22 25.39% 77624.37 14.43% 137024.33 21.99% 75684.00 14.47%
More than 3years and up to 7
years170717.58 25.56% 123900.76 23.04% 163200.93 26.19% 118828.18 22.72%
More than 7 years and up to 10
years77878.57 11.66% 82630.30 15.36% 73684.88 11.83% 76634.90 14.65%
above 10 years 9766.80 1.46% 21677.50 4.03% 9435.07 1.51% 20402.92 3.90%
Breakdown by type of the
issurer
a. Central Government 239390.53 35.84% 128457.01 23.89% 233338.74 37.45% 122227.67 23.37%
b. State Government 97237.10 14.56% 75513.12 14.04% 92250.48 14.81% 70374.84 13.46%
c.Corporate Securities 331291.92 49.60% 333818.49 62.07% 297485.03 47.74% 330348.31 63.17%
Note
1. In case of a debt instrument is rated by more than one agency, then the lowest rating will be taken for the purpose of classification.
PERIODIC DISCLOSURES
Detail Regarding debt securitiesMARKET VALUE BOOK VALUE
2. Market value of the securities will be in accordnace with the valuation method specified by the Authority under Accounting/ Investment regulations.
FORM NL-29
Agriculture Insurance Company of India Ltd
CIN: U74999DL2002PLC118123
Registration No. 126 and Date of Registration with the IRDA:30.10.2003
SN ParticularsQuarter Ended
September 30 ,2017
Period Ended
September 30 ,2017
Quarter Ended
September 30 ,2016
Period Ended
September 30 ,2016
1 Gross Direct Premium Growth Rate 27.08% 21.21% 141.56% 134.52%
2 Gross Direct Premium to Net Worth Ratio (In Times)* 1.68 1.69 1.62 1.71
3 Growth Rate of Net Worth* 32.44% 22.52% 20.92% 32.97%
4 Net Retention Ratio 22.51% 22.64% 23.01% 26.66%
5 Net Commission Ratio -33.55% -33.08% -37.10% -30.48%
6 Expenses of Management to Gross Direct Premium Ratio 1.20% 1.68% 1.48% 2.04%
7 Expense of Management to Net Written Premium Ratio 5.33% 7.40% 6.44% 7.65%
8 Net Incurred Claims to Net Earned Premium 109.92% 91.80% 119.00% 115.38%
9 Combined Ratio 80.82% 65.17% 88.36% 92.55%
10 Technical Reserves to Net Premium Ratio (in Times) 3.50 3.45 0.95 3.57
11 Underwriting Balance Ratio (in Times) 0.22 0.35 0.12 0.07
12 Operating Profit Ratio 39.42% 50.67% 18.12% 18.69%
13 Liquid Assets to Liabilities Ratio (in Times) 0.45 0.91 3.15 1.33
14 Net Earnings Ratio 20.88% 39.48% 15.53% 18.01%
15 Return on Net Worth* 7.90% 15.16% 5.79% 8.22%
16 Available Solvency Margin Ratio to Required Solvency Margin Ratio* 2.59 1.56
17 NPA Ratio 0.00 0.00 0.00 0.00
1 (a) No. of shares
2 (b) Percentage of shareholding (Indian / Foreign)
3( c) %of Government holding (in case of public sector insurance
companies)
4(a) Basic and diluted EPS before extraordinary items (net of tax expense)
for the period (not to be annualized)
5(b) Basic and diluted EPS after extraordinary items (net of tax expense) for
the period (not to be annualized)
6 (iv) Book value per share (Rs)
100% held by Govt. Corporation/Companies/Bank
24.72 10.94
Rs. 10/- Per Share
100%
Equity Holding Pattern for Non-Life Insurers
200000000
CIN: U74999DL2002PLC118123
FORM NL-30 ANALYTICAL RATIOS
Agriculture Insurance Company of India Limited
Registration No. 126 and Date of Registration with the IRDA: 30.10.2003
ANALYTICAL RATIOS FOR NON-LIFE COMPANIES
(Rs in Lakhs)
Quarter Ended
September 30 ,2017
Period Ended
September 30 ,2017
Quarter Ended
September 30 ,2016
Period Ended
September 30 ,2016
1 General Insurance Corpn of India 0 149631.11 724.94 3488.87
2 General Insurance Corpn of India 3.43 869.89 0.00 0.00
3 New India Assurance Company 0 0 252.79 252.79
4 National Insurance Company 0 0 0 0
5 Oriental Insurance Company 0 0 0 0
6 United India Insurance Company 0 0 0 0
*including the premium flow through Associates/ Group companies as an agent
Note: At Sl No. 2 figures shown pertain to RI Premium received from GIC Re in respect of Inward Reinsurance Accepted
Note:At Sl No. 1,3,4,5 & 6 petain to RI Premium paid to GIC & GIPSA Cos in respect of Outward Reinsurance Ceded
Consideration paid / received*
PERIODIC DISCLOSURESFORM NL-31: Related Party Transactions
Agriculture Insurance Company of India Limited
Registration No. 126 and Date of Registration with the IRDA: 30.10.2003
CIN: U74999DL2002PLC118123
Related Party Transactions
Shareholder Reinsurance
Sl.No. Name of the Related PartyNature of Relationship
with the Company
Description of
Transactions /
Categories
List below the products and/or add-ons introduced during the period
Sl. No. Name of Product Co. Ref. No. IRDA Ref.no. Class of
Business*
Category of
product
Date of filing of
Product
Date IRDA
confirmed
filing/ approval
1 NIL NIL NIL NIL NIL NIL NIL
PERIODIC DISCLOSURES
Products Information
FORM NL-32 Products Information
Agriculture Insurance Company of India
CIN: U74999DL2002PLC118123
Registration No. 126 and Date of Registration with the IRDA: 30.10.2003
SN DescriptionNotes
No.Amount
(1) (2) (3) (4)
1 Available Assets in Policyholders’ Funds (adjusted value 1 955984
of Assets as mentioned in Form IRDA-Assets-AA):
Deduct:
2 Liabilities (reserves as mentioned in Form HG) 2 340462
90768
3 Other Liabilities (other liabilities in respect of 3 498801
Policyholders’ Fund as mentioned in Balance Sheet)
4 Excess in Policyholders’ Funds (1-2-3) 4 25954
5 Available Assets in Shareholders’ Funds (value of 5 261570
Assets as mentioned in Form IRDA-Assets-AA):
Deduct:
6 Other Liabilities (other liabilities in respect of 6 0
Shareholders’ Fund as mentioned in Balance Sheet)
7 Excess in Shareholders’ Funds (5-6) 7 261570
8 Total Available Solvency Margin [ASM] (4+7) 287523
9 Total Required Solvency Margin [RSM] 111093
10 Solvency Ratio (Total ASM/Total RSM) 2.59
FORM NL-33 SOLVENCY MARGIN
Agriculture Insurance Company of India Limited
Registration No. 126 and Date of Registration with the IRDA:30.10.2003
SOLVENCY FOR THE PERIOD ENDING SEPTEMBER 30 ,2017
AVAILABLE SOLVENCY MARGIN AND SOLVENCY RATIO
(Rs. in lakh)
CIN: U74999DL2002PLC118123
SN Name of Person Schedule Details of change in the period
1 Ms. T. L. Alamelu Chairman-cum-Managing Director Joined on 31st May 2017
Mr. R. N. Dubey Chairman-cum-Managing Director Ceased to hold office w.e.f. 31st May 2017
2 Mr. K. N. Bhandari Director No Change during the reported period
3 Prof. Gopal Naik Director No Change during the reported period
4 Mr. Manish Gupta Director No Change during the reported period
5 Mr Alice G. Vaidyan Director Joined on 29th September 2016
6 Mr. M. K. Mudgal Director Joined on 6th June 2017
Dr. B. G. Mukhopadyay Director Ceased to hold office w.e.f. 6th June 2017
7 Mr. K. Santhkumar Director Joined on 10th August 2016
8 Mr. G. Srinivasn Director Joined on 27th October 2016
9 Mr. A. V. GirijaKumar Director Joined on 6th June 2017
10 Mr Sujay Banarji Director Ceased to hold office w.e.f. 6th June 2017
11 Mr M N Sarma Director Appointed on 22nd September 2017
PERIODIC DISCLOSURES
Board of Directors
FORM NL-34 : Board of Directors and Key Person information
Agriculture Insurance Company of India Limited
Registration No. 126 and Date of Registration with the IRDA:30.10.2003
BOD and Key Person* information as on September 30 ,2017
CIN :U74999DL2002PLC118123
%
Has there
been
revision?
AmountBoard
Approval Ref
NIL
Registration No. 126 and Date of Registration with the IRDA:30.10.2003
FORM NL-35-NON PERFORMING ASSETS-7A
AGRICULTURE INSURANCE COMPANY OF INDIA LIMITED
CIN: U74999DL2002PLC118123
Statement as on: September 30, 2017
Details of Investment Portfolio
Periodicity of Submission : Quarterly
COI Company NameInstrument
Type
Interest Rate
Total O/s
(Book Value)
Default
Principal
(Book Value)
Has there been any
Principal
ClassificationProvision
(%)Provision (Rs)
Default
Interest
(Book Value)
Principal
Due from
Interest Due
from
Deferred
Principal
Deferred
Interest
Rolled
Over?
Book Value Market Value* Book Value Market Value** Book Value Market Value
A1 CENTRAL GOVERNMENT BONDS CGSB 1,20,424.27 1,26,919.08 2,395.79 1.99 1.99 1,20,785.50 1,26,866.73 4,811.37 3.98 3.98 1,25,392.96 1,27,933.38 4,988.63 3.98 3.98
A4 DEPOSIT UNDER SECTION 7 OF INSURANCE ACT, 1938 CDSS 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
A5 TREASURY BILLS CTRB 1,31,227.15 1,30,615.04 2,015.19 1.54 1.54 1,30,820.31 1,30,224.10 3,984.58 3.05 3.05 2,481.89 2,463.30 36.70 1.48 1.48
B1 STATE GOVERNMENT BONDS SGGB 82,181.43 87,446.19 1,727.34 2.10 2.10 79,890.90 85,058.97 3,361.30 4.21 4.21 70,350.83 73,243.43 3,014.63 4.29 4.29
C5 BONDS / DEBENTURES ISSUED BY HUDCO HTHD 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,000.00 1,005.44 45.25 4.53 4.53
C7
BONDS / DEBENTURES ISSUED BY AUTHORITY
CONSTITUTED UNDER ANY HOUSING / BUILDING
SCHEME APPROVED BY CENTRAL / STATE / ANY
AUTHORITY OR BODY CONSTITUTED BY CENTRAL /
STATE ACT
HTDA 46,781.16 47,736.94 958.21 2.05 2.05 44,424.03 45,276.45 1,960.45 4.41 4.41 36,963.33 37,558.44 1,717.05 4.65 4.65
C8 BONDS / DEBENTURES ISSUED BY HUDCO HFHD 4,262.00 4,273.15 80.45 1.89 1.89 4,262.00 4,249.64 160.02 3.75 3.75 4,262.00 4,066.75 159.58 3.74 3.74
D08 INFRASTRUCTURE - PSU - DEBENTURES / BONDS IPTD 16,952.52 17,420.20 371.57 2.19 2.19 18,033.89 18,526.95 773.55 4.29 4.29 20,494.07 21,048.48 872.43 4.26 4.26
D10INFRASTRUCTURE - OTHER CORPORATE SECURITIES -
DEBENTURES/ BONDSICTD 49,845.57 51,015.52 1,055.08 2.12 2.12 48,239.36 49,231.20 2,043.83 4.24 4.24 30,437.97 30,997.09 1,416.38 4.65 4.65
D13 INFRASTRUCTURE - PSU - DEBENTURES / BONDS IPFD 12,002.62 12,115.47 226.80 1.89 1.89 12,002.65 12,060.43 451.13 3.76 3.76 12,002.96 11,586.98 449.99 3.75 3.75
E1 PSU - EQUITY SHARES - QUOTED EAEQ 5,856.47 6,834.34 26.63 0.45 0.45 6,093.54 6,887.64 325.59 5.34 5.34 4,736.35 3,808.35 145.01 3.06 3.06
E17
DEPOSITS - DEPOSIT WITH SCHEDULED BANKS, FIS
(INCL. BANK BALANCE AWAITING INVESTMENT), CCIL,
RBI
ECDB 1,33,084.15 1,33,084.15 1,566.28 1.18 1.18 1,45,553.84 1,45,553.84 4,355.57 2.99 2.99 1,93,610.29 1,93,610.29 7,805.28 4.03 4.03
E2CORPORATE SECURITIES - EQUITY SHARES (ORDINARY)-
QUOTEDEACE 14,001.86 15,904.26 94.73 0.68 0.68 13,220.11 14,469.39 203.88 1.54 1.54 7,365.44 6,733.86 160.80 2.18 2.18
E23 COMMERCIAL PAPERS ECCP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
E24 APPLICATION MONEY ECAM 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.58 0.00 0.00
E25PERPETUAL DEBT INSTRUMENTS OF TIER I & II
CAPITAL ISSUED BY PSU BANKSEUPD 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
E26PERPETUAL DEBT INSTRUMENTS OF TIER I & II
CAPITAL ISSUED BY NON-PSU BANKSEPPD 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
E30 MUTUAL FUNDS - GILT / G SEC / LIQUID SCHEMES EGMF 22,771.58 35,480.47 17.12 0.08 0.08 22,771.58 35,480.47 17.12 0.08 0.08 12,003.51 16,914.73 174.37 1.45 1.45
E6 CORPORATE SECURITIES - BONDS - (TAXABLE) EPBT 62,171.13 63,595.19 2,214.45 3.56 3.56 60,584.90 61,855.74 3,490.81 5.76 5.76 45,288.98 45,912.24 2,082.40 4.60 4.60
F12 EQUITY SHARES (PSUS & UNLISTED) OEPU 392.67 141.68 -2.47 -0.63 -0.63 393.74 157.83 -2.47 -0.63 -0.63 394.83 128.86 1.96 0.50 0.50
F14MUTUAL FUNDS - DEBT / INCOME / SERIAL PLANS /
LIQUID SECEMESOMGS 75,015.59 21,28,931.04 787.29 1.05 1.05 84,115.15 13,34,875.44 1,743.39 2.07 2.07 15,721.75 19,055.07 262.47 1.67 1.67
F01 BONDS - PSU - TAXABLE OBPT 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 500.53 504.52 21.97 4.39 4.39
PASSIVELY MANAGED EQUITY ETF (NON PROMOTER
GROUP)EETF 498.48 438.23 0.00 0.00 0.00 496.66 462.70 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
TOTAL 7,77,468.65 28,61,950.93 13,534.45 1.74 1.14 7,91,688.17 20,71,237.53 27,680.12 3.50 2.29 5,83,007.68 5,96,571.23 23,356.49 4.01 2.70
FORM NL-36-YIELD ON INVESTMENTS
AGRICULTURE INSUANCE COMPANY OF INDIA LIMITED
Statement as on September 30 ,2017
CIN: U74999DL2002PLC118123
Statement of Investment and Income on Investment
Periodicity of Submission: Quarterly
Registration No. 126 and Date of Registration with the IRDA:30.10.2003
No. Category of InvestmentCategory
Code
Current Quarter
Rs. Lakhs
Investment (Rs.)Income
Gross
Yield
(%)¹
Net
Yield
(%)²
Investment (Rs.)Income
Investment (Rs.)Income
Gross
Yield (%)¹
Net Yield
(%)²
Year to Date Previous Year
Gross Yield
(%)¹
Net
Yield
(%)²
Rs. Lakhs
No Name of the Security COI AmountDate of
Purchase
Rating
Agency
Original
Grade
Current
Grade
Date of
DowngradeRemarks
A. During the Quarter ¹
8.75% SAIL NCB 23-04-2020 EPBT 10.00 31-03-2012 CARE AA+ AA 01-07-2017
B. As on Date ²
8.75% SAIL NCB 23-04-2020 EPBT 10.00 31-03-2012 CARE AAA AA+ 01-01-2016
FORM NL-37-DOWN GRADING OF INVESTMENT
AGRICULTURE INSURANCE COMPANY OF INDIA LIMITED
CIN: U74999DL2002PLC118123
Statement as on: September 30 ,2017
Statement of Down Graded Investments
Periodicity of Submission: Quarterly
Registration No. 126 and Date of Registration with the IRDA:30.10.2003
Sr. No Line of Business Premium No. of Policies Premium No. of Policies Premium No. of Policies Premium No. of Policies
1 Fire
2 Cargo & Hull
3 Motor TP
4 Motor OD
5 Engineering
6 Workmen's Compensation
7 Employer's Liability
8 Aviation
9 Personal Accident
10 Health
11 Others* 548303.27 90,19,056 431261.91 2882888 552320.95 9067401 455837.70 3071162
Note:
1. Premium stands for amount of premium
2. The line of business which are not applicable for any company should be filled up with NA.
Figure '0' in those fields will imply no business in the segment.
*any other segment contributing more than 5% of the total premium needs to be shown separately
PERIODIC DISCLOSURESFORM NL-38 Quarterly Business Returns across line of Business
Agriculture Insurance Company of India Ltd.
CIN: U74999DL2002PLC118123
S.NO. Line of Business
Quarter ended
September 30 ,2017
Quarter ended
September 30 ,2016
Registration No. 126 and Date of Registration with the IRDA:30.10.2003
Period ended
September 30 ,2017
Period ended
September 30 ,2016
(Rs. In Lakhs) Business Returns across line of Business
(Rs in Lakhs)
Sl.No. Line of Business Particular No. of Policies Issued Premium Collected Sum Assured
Rural
Social
Rural
Social
Rural
Social
Rural
Social
Rural
Social
Rural
Social
Rural
Social
Rural
Social
Rural
Social
Rural
Social
Rural 9019056 548303.27 93,78,810.07
Social 0 0 0
*any other segment contributing more than 5% needs to be shown separately
PERIODIC DISCLOSURES
Rural & Social Obligations (Quarterly Returns)
1 Fire
2 Cargo & Hull
FORM NL-39 Rural & Social Obligations
3 Motor TP
4 Motor OD
Agriculture Insurance Company of India Ltd.
CIN: U74999DL2002PLC118123
Registration No. 126 and Date of Registration with the IRDA:30.10.2003
5 Engineering
6 Workmen's Compensation
7 Employer's Liability
11 Others*
8 Aviation
9 Personal Accident
10 Health
1 Individual agents 0 0.00 0 0 0 0 0 0
2 Corporate Agents-Banks 0 0.00 0 0 0 0 0 0
3 Corporate Agents -Others 0 0.00 0 0 0 0 0 0
4 Brokers 885406 8230.28 12324 600.97 825887 5115.23 13114 630.08
5 Micro Agents 19061 451.34 0 0.00 67125 2667.20 2 0.08
6 Direct Business 102375 445.23 36824 124342.70 103527 478.16 37500 124426.76
7 Other 8012214 539176.42 2833740 306318.24 8070862 544060.36 3020546 330780.78
Total (A) 9019056 548303.27 2882888 431261.91 9067401 552320.95 3071162 455837.70
1 Referral (B) 0 0.00 0 0.00
Grand Total (A+B) 9019056 548303.27 2882888 431261.91 9067401 552320.95 3071162 455837.70
Note:
2. No of Policies stand for no. of policies sold
Premium No. of Policies Premium No. of Policies PremiumSl.No.
Business Acquisition through different channels
Channels
Quarter ended
September 30 ,2017
Quarter ended
September 30 ,2016
Period Ended
September 30 ,2017
Period Ended
September 30 ,2016
No. of Policies Premium No. of Policies
PERIODIC DISCLOSURESFORM NL-40 Business Acquisition through different channels
Agriculture Insurance Company of India Ltd.
Registration No. 126 and Date of Registration with the IRDA:30.10.2003
CIN: U74999DL2002PLC118123
(Rs in Lakhs)
Fully
Accepted
Partial
AcceptedRejected
1 Complaints made by customers
a) Proposal Related 0 0 0 0 0 0 0
b) Claim 20 134 33 7 91 23 220
c) Policy Related 0 0 0 0 0 0 0
d) premium 0 1 0 0 1 0 1
e) Refund 0 0 0 0 0 0 0
f) Coverage 0 4 0 0 4 0 4
g) Cover Note related 0 0 0 0 0 0 1
h) Products/Scheme 0 2 0 1 0 1 3
i) others 0 42 0 0 42 0 97
Total Number 20 183 33 8 138 24 326
2 Total No. of Policies during
Previous year NA
3 Total No. of Claims during Previous
year NA
4Total No. of Policies during Current
year NA
5Total No. of Claims during Current
year NA
6 Total No. of Policy Complaints
(current year) per 10,000/-policies
(current year) NA
7 Total No. of Claims Complaints
(Current year ) per 10,000/-claims
registered (current year) NA
8 Duration wise Pending Status
Complaints
made by the
Customer
Complaints
made by
intermediaries Total
a) < 15 days 3 0 3
b) 16 - 30days 0 0 0
c) >30 days 21 0 21
Total Number 24 0 24
*Total
Complaints
registered upto
the quarter
during the
* Includes balance 12 complaints of FY 2015-16 & 2 complaints of FY 16-17
FY 2017-18 as on 30.09.2017
FORM NL-41 Grievance Disposal
Insurer -Agriculture Insurance Company of India Limited Date: 09.10.2017
Registration No. 126 and Date of Registration with the IRDA:30.10.2003
GRIEVANCE DISPOSAL STATEMENT AS on 30.09.2017
SN Particulars
Opening Balance
as on begining of
the quarter
Additions during
the quarter
Complaints Resolved/setteled Complaints
Pending at the
end of the
quarter
Top Related