FORM NL-12-INVESTMENT SCHEDULE
Name of the Insurer:  GENERAL INSURANCE CORPORATION OF INDIA
Investments
INVESTMENTS - SHAREHOLDERS' FUND
			(` '000)
	Particulars	TWELVE MONTH ENDING 31.03.2014	TWELVE MONTH ENDING 31.03.2013
	LONG TERM INVESTMENTS
1	Government securities and Government guaranteed bonds including Treasury Bills	23767 637	18804 258
2	Other Approved Securities	1176 068	1126 794
3	Approved Investments
	( a) Shares
	(aa) Equity - Indian	67162 113	52369 996
	Equity - Foreign	7 816	7 816
	(bb) Preference	10 510	9 411
	(b) Mutual Funds/Venture Funds	0	0
	(c) Debentures /Bond	5949 488	4893 312
	(d) Debentures Foreign	0	350 354
	(e) Guaranteed Equity	131	119
	(f) Subsidiaries	0	0
	(g) Associates - Indian	0	0
	Associates - Foreign	591 162	591 162
4	Investments in Infrastructure and Social Sector	14578 227	11584 516
5	Other Investments (Excl. Associate Co.)	0	0
	(a) Equity/Preference/Debentures/Venture Funds	3666 452	3063 015
	(b) Associates Equity - Indian	0	700 000
	(c) Equity - Foreign	0	0
	SHORT TERM INVESTMENTS
1	Government securities and Government guaranteed bonds including Treasury Bills	679 336	753 878
2	Other Approved Securities	51 726	58 524
3	Approved Investments	0	0
	(a) Shares	0	0
	(aa) Equity	0	0
	(bb) Preference	0	0
	(b) Mutual Funds	417 960	0
	(c) Debentures and Bonds	559 971	594 530
	(d) Subsidiaries	350 150	0
	(e) Guaranteed Equity	0	0
	(f) Subsidiaries	0	0
	(g) Associates - Indian	0	0
	Associates - Foreign	0	0
	(h) Commercial Paper	0	126 703
4	Investments in Infrastructure and Social Sector	958 286	1066 991
5	Other Investments	253 794	258 719
	TOTAL	120180 827	96360 098
Figures for the previous year have been regrouped where necessary.
INVESTMENTS - POLICYHOLDERS' FUND
	Particulars	TWELVE MONTH ENDING 31.03.2014	TWELVE MONTH ENDING 31.03.2013
	LONG TERM INVESTMENTS
1	Government securities and Government guaranteed bonds including Treasury Bills	66913 924	60238 440
2	Other Approved Securities	3311 027	3609 624
3	Approved Investments	0	0
	( a) Shares	0	0
	(aa) Equity - Indian	189084 025	167764 498
	Equity - Foreign	0	0
	(bb) Preference	29 589	30 148
	(b) Mutual Funds/Venture Funds	0	0
	(c) Debentures /Bond	16749 819	15675 465
	(d) Debentures Foreign	0	0
	(e) Guaranteed Equity	369	381
	(f) Subsidiaries	0	0
	(g) Associates - Indian	0	0
	Associates - Foreign	0	0
4	Investments in Infrastructure and Social Sector	41042 633	37110 380
5	Other Investments (Excl. Associate Co.)	0	0
	(a) Equity/Preference/Debentures/Venture Funds	10322 302	9812 205
	(b) Associates Equity - Indian	0	0
	(c) Equity - Foreign	0	0
	SHORT TERM INVESTMENTS
1	Government securities and Government guaranteed bonds including Treasury Bills	1912 559	2415 008
2	Other Approved Securities	145 626	187 480
3	Approved Investments	0	0
	(a) Shares	0	0
	(aa) Equity	0	0
	(bb) Preference	0	0
	(b) Mutual Funds	1176 699	0
	(c) Debentures and Bonds	1576 509	1904 545
	(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	0	405 888
4	Investments in Infrastructure and Social Sector	2697 898	3418 050
5	Other Investments	714 515	828 792
	TOTAL	335677 494	303400 904
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