FORM NL-12-INVESTMENT SCHEDULE
Name of the Insurer:  GENERAL INSURANCE CORPORATION OF INDIA   
Investments
INVESTMENTS - SHAREHOLDERS' FUND



(` '000)

Particulars THREE MONTH ENDING 30.06.2013 THREE MONTH ENDING 30.06.2012

LONG TERM INVESTMENTS

1 Government securities and Government guaranteed bonds including Treasury Bills 22051 383 17257 189
2 Other Approved Securities 1237 369 1274 979
3 Approved Investments


( a) Shares

(aa) Equity - Indian 59875 389 52560 184
Equity - Foreign 7 816 7 816
(bb) Preference 11 182 10 316
(b) Mutual Funds/Venture Funds 0 0
(c) Debentures /Bond 5538 872 4580 977
(d) Debentures Foreign 350 303 350 508
(e) Guaranteed Equity 131 122
(f) Subsidiaries 0 0
(g) Associates - Indian 0 0
Associates - Foreign 591 162 591 162
4 Investments in Infrastructure and Social Sector 13252 516 11234 861
5 Other Investments (Excl. Associate Co.) 0 0

(a) Equity/Preference/Debentures/Venture Funds 2948 718 2804 383

(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 756 904 538 008
2 Other Approved Securities 0 0
3 Approved Investments 64 423 36 980

(a) Shares 0 0
(aa) Equity 0 0
(bb) Preference 0 0
(b) Mutual Funds 196 653 0
(c) Debentures and Bonds 734 297 800 777
(d) Subsidiaries 0 48
(e) Guaranteed Equity 0 0
(f) Subsidiaries 0 0
(g) Associates - Indian 0 0
Associates - Foreign 0 0
(h) Commercial Paper 50 018 352 808
4 Investments in Infrastructure and Social Sector 1213 511 680 897
5 Other Investments 424 069 1362 422

TOTAL 110004 716 95144 437
Figures for the previous year have been regrouped where necessary.

INVESTMENTS - POLICYHOLDERS' FUND

Particulars THREE MONTH ENDING 30.06.2013 THREE MONTH ENDING 30.06.2012

LONG TERM INVESTMENTS

1 Government securities and Government guaranteed bonds including Treasury Bills 62082 088 53209 080
2 Other Approved Securities 3483 610 3931 143
3 Approved Investments 0 0

( a) Shares 0 0

(aa) Equity - Indian 168569 437 162058 779

Equity - Foreign 0 0

(bb) Preference 31 480 31 806

(b) Mutual Funds/Venture Funds 0 0

(c) Debentures /Bond 15593 796 14124 523

(d) Debentures Foreign 0 0

(e) Guaranteed Equity 369 378

(f) Subsidiaries 0 0

(g) Associates - Indian 0 0

Associates - Foreign 0 0
4 Investments in Infrastructure and Social Sector 37310 308 34640 439
5 Other Investments (Excl. Associate Co.) 0 0

(a) Equity/Preference/Debentures/Venture Funds 8301 635 8646 751

(b) Associates Equity - Indian 0 0

(c) Equity - Foreign 0 0

SHORT TERM INVESTMENTS

1 Government securities and Government guaranteed bonds including Treasury Bills 2130 941 1658 840
2 Other Approved Securities 181 374 114 019
3 Approved Investments 0 0

(a) Shares 0 0

(aa) Equity 0 0

(bb) Preference 0 0

(b) Mutual Funds 553 646 2469 034

(c) Debentures and Bonds 2067 294 1468 021

(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 140 820 1087 813
4 Investments in Infrastructure and Social Sector 3416 443 2099 409
5 Other Investments 1193 897 4200 751

TOTAL 305057 138 289740 786
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 from it.
(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.
(c)        Investments made out of Catastrophe reserve should be shown separately.
(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