FORM NL-12-INVESTMENT SCHEDULE
Name of the Insurer:..GENERAL INSURANCE CORPORATION OF INDIA
Investments
INVESTMENTS - SHAREHOLDERS' FUND
. . . (Rs'000)
. Particulars NINE MONTH ENDING 31.12.2012 NINE MONTH ENDING 31.12.2011
. LONG TERM INVESTMENTS . .
1 Government securities and Government guaranteed bonds including Treasury Bills 17735 593 24212 687
2 Other Approved Securities 1157 169 1912 920
3 Approved Investments    
. ( a) Shares    
(aa)  Equity - Indian 57224 536 66653 402
Equity - Foreign 7 816 7 816
(bb).Preference 10 020 16 591
(b)Mutual Funds/Venture Funds  0  0
 (c)Debentures /Bond 4269 333 5884 257
(d)Debentures Foreign 350 405 350 610
(e) Guaranteed  Equity  119  186
(f) Subsidiaries  0  0
(g)  Associates - Indian  0  0
 Associates - Foreign 591 162 591 162
4 Investments in Infrastructure and Social Sector 11702 559 16168 443
5 Other  Investments (Excl. Associate Co.)  0  0
. (a)   Equity/Preference/Debentures/Venture Funds 3066 472 4262 564
. (b)   Associates Equity - Indian 700 000 700 000
. (c)   Equity - Foreign  0  0
. SHORT TERM INVESTMENTS    
1 Government securities and Government guaranteed bonds including Treasury Bills 743 559 1021 126
2 Other Approved Securities 81 288 78 325
3 Approved Investments  0  0
. (a)  Shares  0  0
(aa)  Equity  0  0
(bb)  Preference  0  0
(b) Mutual Funds 836 319 897 564
(c) Debentures and Bonds 510 762 701 566
(d) Subsidiaries  0  0
(e) Guaranteed  Equity  0  0
(f) Subsidiaries  0  0
(g)  Associates - Indian  0  0
 Associates - Foreign  0  0
(h) Commercial Paper 68 942  0
4 Investments in Infrastructure and Social Sector 1079 704 1249 074
5 Other Investments 1052 424 109 510
. TOTAL 101188 182 124817 803
Figures for the previous year have been regrouped where necessary.
INVESTMENTS - POLICYHOLDERS' FUND
. Particulars NINE MONTH ENDING 31.12.2012 NINE MONTH ENDING 31.12.2011
. LONG TERM INVESTMENTS . .
1 Government securities and Government guaranteed bonds including Treasury Bills 56815 030 40997 889
2 Other Approved Securities 3706 928 3239 033
3 Approved Investments  0  0
. ( a) Shares  0  0
(aa)  Equity - Indian 183315 757 112860 203
Equity - Foreign  0  0
(bb).Preference 32 100 28 093
(b)Mutual Funds/Venture Funds  0  0
 (c)Debentures /Bond 13676 580 9963 459
(d)Debentures Foreign  0  0
(e) Guaranteed  Equity  381  314
(f) Subsidiaries  0  0
(g)  Associates - Indian  0  0
 Associates - Foreign  0  0
4 Investments in Infrastructure and Social Sector 37488 525 27377 053
5 Other  Investments (Excl. Associate Co.)  0  0
. (a)   Equity/Preference/Debentures/Venture Funds 9823 280 7217 544
. (b)   Associates Equity - Indian  0  0
. (c)   Equity - Foreign  0  0
. SHORT TERM INVESTMENTS    
1 Government securities and Government guaranteed bonds including Treasury Bills 2381 951 1729 011
2 Other Approved Securities 260 400 132 623
3 Approved Investments  0  0
. (a)  Shares  0  0
(aa)  Equity  0  0
(bb)  Preference  0  0
(b) Mutual Funds 2679 103 1519 791
(c) Debentures and Bonds 1636 199 1187 919
(d) Subsidiaries  0  0
(e) Guaranteed  Equity  0  0
(f) Subsidiaries  0  0
(g)  Associates - Indian  0  0
 Associates - Foreign  0  0
(h) Commercial Paper 220 851  0
4 Investments in Infrastructure and Social Sector 3458 775 2114 982
5 Other Investments 3371 383 185 427
. TOTAL 318867 243 208553 341
Figures for the previous year have been regrouped where necessary. . .
Notes:
(a) Investments in subsidiary/holding companies, joint ventures and associates shall be separately disclosed, at cost.
(i) Holding company and subsidiary shall be construed as defined in the Companies Act, 1956:
(ii)        Joint Venture is a contractual arrangement whereby two or more parties undertake an economic activity, which is subject to joint control.
(i)             Joint control - is the contractually agreed sharing of power to govern the financial and operating policies of an economic activity to obtain benefits
(ii)           Associate - is an enterprise in which the company has significant influence and which is neither a subsidiary nor a joint venture of the company.
(iii)          Significant influence (for the purpose of this schedule) - means participation in the financial and operating policy decisions of a company, but not control of those policies.  Significant influence may be exercised in several ways, for example, by representation on the board of directors, participation in the policymaking process, material inter-company transactions, interchange of managerial personnel or dependence on technical information. Significant influence may be gained by share ownership, statute or agreement.  As regards share ownership, if an investor holds, directly or indirectly through subsidiaries, 20 percent or more of the voting power of the investee, it is presumed that the investor does have significant influence, unless it can be clearly demonstrated that this is not the case.  Conversely, if the investor holds, directly or indirectly through subsidiaries, less than 20 percent of the voting power of the investee, it is presumed that the investor does not have significant influence, unless such influence is clearly demonstrated.  
A substantial or majority ownership by another investor does not necessarily preclude an investor from having significant influence.
(b)    Aggregate amount of company's investments other than listed equity securities and derivative instruments and also the market value thereof shall be disclosed.
(d)    Debt securities will be considered as “held to maturity” securities and will be measured at historical cost subject to amortisation.
(e)    Investment Property means a property [land or building or part of a building or both] held to earn rental income or for capital appreciation or for both, rather than for use in services or for administrative purposes.
(f)  Investments maturing within twelve months from balance sheet date and investments made with the specific intention to dispose of within twelve months from balance sheet date shall be classified as short-term investments
Investments