financials_irda - pd for jun-10

8/8/2019 Financials_IRDA - PD for Jun-10

1/48

(Rs. '000)

Particulars Schedule Quarter ended

June 30, 2010

Quarter ended

June 30, 2009

Premiums earned net(a) Premium 424,929 116,208

(b) Reinsurance ceded (6,000) (1,071)

(c) Reinsurance accepted - -

Sub Total 418,929 115,137

Income From Investments

(a) Interest, Dividends and Rent Gross 13,038 2,344

(b) Profit on sale/redemption of investments 16,769 16,432

(c) (Loss) on sale/ redemption of investments (12,946) (113)

(d) Transfer/Gain on revaluation/change in fair value* 30,060 29,430

(e) Amortisation of premium / discount on investments 1,314 975

Other Income

(a) Contribution from Shareholders' Account - -

(b) Linked Income - -(c ) Appropriation / (Expropriation) adjustment 1,082 -

TOTAL (A) 468,246 164,205

Commission L-5 34,083 8,244

Operating Expenses related to Insurance Business L-6 728,050 460,829

Provision for Doubtful debts - -

Bad debts written off - -

Provision for Tax

(a) Income Tax - -

(b) Fringe Benefit Tax - 2,100

Provisions (other than taxation)

(a) For diminution in the value of investments (Net) - -

(b) Others - -

TOTAL (B) 762,133 471,173

Benefits Paid (Net) L-7 4,971 3,840

Interim Bonuses Paid - -

(a) Gross** 50,383 18,346

(b) Fund Reserve 298,203 92,655

(c) Amount ceded in Reinsurance (10,511) (873)

(d) Amount accepted in Reinsurance - -

TOTAL (C) 343,046 113,968

SURPLUS/(DEFICIT) (D)=(A)-(B)-(C) (636,933) (420,936)

APPROPRIATIONS

Transfer to Shareholders Account - -

Transfer to Balance Sheet being "Deficit in Revenue Account (Policyholders' Account)" (640,055) (422,550)

Balance being Funds for Future Appropriations 3,122 1,614

TOTAL (E) (636,933) (420,936)

* Represents the deemed realised gain as per norms specified by the Authority

**Represents Mathematical Reserves after allocation of bonus

The breakup of total surplus is as under:

(a) Interim Bonus Paid - -

(b) Allocation of Bonus to policyholders - -

(c) Surplus shown in the Revenue Account - -

(d) Total Surplus: [(a)+(b)+(c)] - -

Form L-1-A-RA

AEGON RELIGARE LIFE INSURANCE COMPANY LIMITED

IRDA Registration No: 138

Date of Registration with IRDA: June 27, 2008

REVENUE ACCOUNT FOR THE QUARTER ENDED JUNE 30, 2010

Policyholders Account (Technical Account)

L-4


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(Rs. '000)

Particulars Quarter ended

June 30, 2010

Quarter ended

June 30, 2009Amount transferred from Policyholders Account (Technical Account) - -

Income From Investments

(a) Interest, Dividends and Rent Gross 12,898 9,327

(b) Profit on sale/redemption of investments 1,450 1,772

(c) (Loss on sale/redemption of investments) - (170)

(d) Transfer/Gain on revaluation/change in fair value - -

(e) Amortisation of premium/discount on investments 3,319 2,193

Other Income - -

TOTAL (A) 17,667 13,122

Expenses other than those directly related to the insurance business 1,779 150

Bad debts written off - -Provisions (Other than taxation)

(a) For diminution in the value of investments (net) - -

(b) Provision for doubtful debts - -

(c) Others - -

Contribution to the Policyholders Account (Technical Account) - -

TOTAL (B) 1,779 150

Profit/(Loss) before tax 15,888 12,972

Provision for Tax

Current tax - -

Fringe Benefit Tax - -

In respect of earlier year - -

Profit/(Loss) after tax 15,889 12,972

APPROPRIATIONS

(a) Balance at the beginning of the year/period (199,656) (237,878)

(b) Interim dividends paid during the year/period - -

(c) Proposed final dividend - -

(d) Dividend distribution on tax - -

(e) Transfer to reserves/ other accounts - -

Profit/ (Loss) carried forward to the Balance Sheet (183,768) (224,906)

PROFIT AND LOSS ACCOUNT FOR THE QUARTER ENDED JUNE 30, 2010

Shareholders Account (Non-technical Account)

Form L-2-A-PL





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(Rs. '000)

Particulars Schedule As at

June 30, 2010

As at

March 31, 2010

SOURCES OF FUNDS

Shareholders Funds

Share Capital L-8, L-9 7,000,000 5,700,000

Reserves And Surplus L-10 - -

Credit/(Debit) Fair Value Change Account (Net) 12 53

Sub-Total 7,000,012 5,700,053

Borrowings L-11 - -

Policyholders Funds:

Credit/(Debit) Fair Value Change Account (Net) - -

Policy Liabilities 172,164 132,292

Insurance Reserves

Linked Liabilities 1,575,773 1,258,649

Fair value change 30,059 48,980

Provision For Linked Liabilities 1,605,832 1,307,629

1,777,996 1,439,921

Funds For Future Appropriations

Linked 15,699 12,577

TOTAL 8,793,707 7,152,551

Investments

Shareholders L-12 1,492,190 1,035,748

Policyholders L-13 178,854 136,362

Assets Held To Cover Linked Liabilities L-14 1,621,531 1,320,206

Loans L-15 - -

Fixed Assets L-16 389,206 452,062

Current Assets

Cash and Bank Balances L-17 87,528 252,600

Advances And Other Assets L-18 712,586 487,104

Sub-Total (A) 800,114 739,704

Current Liabilities L-19 354,330 524,715

Provisions L-20 79,635 128,426

Sub-Total (B) 433,965 653,141

Net Current Assets (C) = (A B) 366,149 86,563

Miscellaneous Expenditure L-21 - -

(To the extent not written off or adjusted)

Debit Balance of Profit and Loss Account 183,768 199,656

Deficit in the Revenue Account (Policyholders' Account) 4,562,009 3,921,954

TOTAL 8,793,707 7,152,551

CONTINGENT LIABILITIES

(Rs. '000)

Particulars As at

June 30, 2010

As at

March 31, 2010

Partly paid up investments - -

Claims, other than against policies, not acknowledged as debts by the Company - -

Underwriting commitments outstanding - -

Guarantees given by or on behalf of the Company - -

Statutory demands/ liabilities in dispute, not provided for - -

Reinsurance obligations to the extent not provided for in accounts - -

Others - -

Total - -

APPLICATION OF FUNDS

FORM L-3-A-BS




BALANCE SHEET AS AT JUNE 30, 2010

Sub-Total


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(Rs. '000)


June 30, 2010

Quarter ended

June 30, 2009

Employees remuneration and welfare benefits 319,088 187,773

Travel, conveyance & vehicle running expenses 25,872 12,480

Training expenses 3,482 3,233

Rents, rates and taxes 58,333 47,882

Repairs 1,090 1,595

Printing and stationery 3,880 1,735

Communication expenses 9,263 6,017

Legal and professional charges 3,716 3,441

Medical fees 6,350 1,701

Auditors' fees, expenses etc

a) (i) as auditor 900 375

(ii) Out of Pocket expenses 28 6

b) as adviser or in any other capacity, in respect of

(i) Taxation matters - -

(ii) Insurance matters - -

(iii) Management services; - -

c) in any other capacity (certification fees) - -

Advertisement, Marketing and publicity 93,606 76,823

Interest and bank charges 1,432 956

Depreciation/Amortisation 68,102 56,547

Others:

Information technology and related expenses 32,994 22,735

Business Processing Services 5,038 2,168

Office maintenance 10,927 6,533

Recruitment 22,328 5,613

Other Miscellaneous expenses 4,246 1,319

Electricity 11,607 6,616

Sales and Business Promotion expenses 34,170 11,154

Service tax 11,598 4,127

TOTAL 728,050 460,829


SCHEDULE FORMING PART OF THE REVENUE ACCOUNT FOR THE QUARTER ENDED JUNE 30, 2010

FORM L-6-OPERATING EXPENSES SCHEDULE

OPERATING EXPENSES RELATED TO INSURANCE BUSINESS


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FORM L-7-BENEFITS PAID SCHEDULE

BENEFITS PAID [NET]

(Rs. '000)

Particulars Quarter endedJune 30, 2010

Quarter endedJune 30, 2009

Insurance Claims

(a) Claims by Death, 16,091 3,840

(b) Claims by Maturity, - -

(c) Annuities/Pensions payment, - -

(d) Periodical Benefit - -

(e) Health - -

(f) Other benefits - Riders 500 -

(Amount ceded in reinsurance):

(a) Claims by Death, (11,620) -




(e) Health - -

(f) Other benefits - Riders - -

Amount accepted in reinsurance :

(a) Claims by Death, - -




(e) Health - -

(d) Other benefits - Riders - -

TOTAL 4,971 3,840


SCHEDULE FORMING PART OF THE REVENUE ACCOUNT FOR THE QUARTER ENDED JUNE 30, 2010


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FORM L-8-SHARE CAPITAL SCHEDULE

SHARE CAPITAL

(Rs. '000)

Particulars As atJune 30, 2010

As atMarch 31, 2010

Authorised Capital 20,000,000 20,000,000

2,000,000,000 Equity shares of Rs 10 each

Issued Capital 7,000,000 5,700,000

700,000,000 Equity shares (Previous year: 570,000,000) of Rs 10 each

Subscribed Capital 7,000,000 5,700,000


Called up Capital 7,000,000 5,700,000


Less: Calls unpaid - -

Add: Shares forfeited (Amount originally paid up) - -Less: Par value of Equity Shares bought back - -

Less: Preliminary Expenses - -

TOTAL 7,000,000 5,700,000


SCHEDULE FORMING PART OF BALANCE SHEET AS AT JUNE 30, 2010


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FORM L-9-PATTERN OF SHAREHOLDING SCHEDULE

PATTERN OF SHAREHOLDING

[As certified by the Management]

(In '000)

Particulars

Number of

shares

% of

Holding

Number of

shares

% of

Holding

Promoters

- Indian

Religare Enterprises Limited and its nominees 308,000 44.00% 250,800 44.00%

Bennett Coleman & Co. Limited 210,000 30.00% 171,000 30.00%

- Foreign

AEGON India Holdings B.V. and its nominees 182,000 26.00% 148,200 26.00%

TOTAL 700,000 100.00% 570,000 100.00%



As at

June 30, 2010

As at

March 31, 2010


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FORM L-10-RESERVES AND SURPLUS SCHEDULE

RESERVES AND SURPLUS

(Rs. '000)

Particulars As at

June 30, 2010

As at

March 31, 2010

Capital Reserve - -

Capital Redemption Reserve - -

Share Premium - -

Revaluation Reserve - -

General Reserves - -

Less: Debit balance in Profit and Loss Account - -

Less: Amount utilized for Buy-back - -

Catastrophe Reserve - -

Other Reserves - -

Balance of profit in Profit and Loss Account - -

TOTAL - -

FORM L-11-BORROWINGS SCHEDULE

BORROWINGS

(Rs. '000)

Particulars As at

June 30, 2010

As at

March 31, 2010

Debentures/Bonds - -

Banks - -

Financial Institutions - -Others - -

TOTAL - -


SCHEDULES FORMING PART OF BALANCE SHEET AS AT JUNE 30, 2010


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FORM L-12-INVESTMENTS SHAREHOLDERS SCHEDULE

INVESTMENTS-SHAREHOLDERS

(Rs. '000)

Particulars As at

June 30, 2010

As at

March 31, 2010

LONG TERM INVESTMENTS

Government Securities and Government guaranteed bonds including Treasury Bills 256,040 209,480Other Approved Securities 93,838 43,307

Other Investments

(a) Shares

(aa) Equity - -

(bb) Preference - -

(b) Mutual Funds - -

(c) Derivative Instruments - -

(d) Debentures/ Bonds 75,664 32,315

(e) Other Securities* - -

(f) Subsidiaries - -

(g) Investment Properties-Real Estate - -

Investments in Infrastructure and Social Sector 214,710 106,101

Other than Approved Investments

Equity Shares - -

Debentures/ Bonds - -

SHORT TERM INVESTMENTS

Government Securities and Government guaranteed bonds including Treasury Bills 496,281 455,697

Other Approved Securities - -

Other Investments

(a) Shares

(aa) Equity - -

(bb) Preference - -

(b) Mutual Funds 35,389 -


(d) Debentures/ Bonds 249,067 -

(e) Other Securities* 1,380 6,862





Equity Shares - -


Mutual funds 19,803 132,118

TOTAL 1,492,190 1,035,748

Notes:

i) Aggregate book value and market value of long term investments other than equity shares is Rs. 640,251

(Previous year Rs. 391,203 ('000)) and Rs. 640,296 ('000) (Previous year Rs.398,832 ('000)) respectively.

ii) Aggregate book value and market value of short term investments other than equity shares is Rs. 851,938 ('000)

(Previous year Rs. 644,545 ('000)) and Rs. 851,907 ('000) (Previous year Rs. 644,545 ('000)) respectively

* Other Securities include the Bank Fixed Deposits




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FORM L-13-INVESTMENTS POLICYHOLDERS SCHEDULE

INVESTMENTS-POLICYHOLDERS

(Rs. '000)

Particulars As at

June 30, 2010

As at

March 31, 2010

LONG TERM INVESTMENTS

Government Securities and Government guaranteed bonds including Treasury Bills - -

Other Approved Securities 50,000 50,064

Other Investments

(a) Shares

(aa) Equity - -

(bb) Preference - -

(b) Mutual Funds - -


(d) Debentures/ Bonds 5,600 5,576

(e) Other Securities - -





Equity Shares - -


SHORT TERM INVESTMENTS

Government Securities and Government guaranteed bonds including Treasury Bills - -

Other Approved Securities - -

Other Investments

(a) Shares

(aa) Equity - -

(bb) Preference - -

(b) Mutual Funds - -(c) Derivative Instruments - -

(d) Debentures/ Bonds - -

(e) Other Securities - -





Equity Shares - -


Mutual funds - -

TOTAL 178,854 136,362

Notes:i) Aggregate book value and market value of long term investments other than equity shares is Rs. 134,988

(Previous year Rs. 93,220 ('000)) and Rs. 145,119 ('000) (Previous year Rs. 98,690 ('000)) respectively.

ii) Aggregate book value and market value of short term investments other than equity shares is Rs.43,866 ('000)

(Previous year Rs. 43,142 ('000)) and Rs.43,866 ('000) (Previous year Rs. 43,142 ('000)) respectively




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FORM L-16-FIXED ASSETS SCHEDULE

(Rs. '000)

Intangible Assets

Goodwill - - - - - - - - - -

Software 460,868 11,546 - 472,414 230,026 44,082 - 274,108 198,306 230,842

Tangible Assets

Leasehold improvements 169,789 - - 169,789 56,759 8,514 - 65,273 104,516 113,030

Furniture and Fittings 9,130 17 - 9,147 8,836 31 - 8,867 280 294

Information Technology Equipment 169,640 4,065 - 173,705 104,278 13,140 - 117,418 56,287 65,362

Vehicles - - - - - - - - - -

Office Equipment 48,457 116 - 48,573 16,832 2,335 - 19,167 29,406 31,625

Total 857,884 15,744 - 873,628 416,731 68,102 - 484,833 388,795 441,153

Capital Work In Progress - (including

capital advances)

10,909 - - 411 - - - - 411 10,909

TOTAL 868,793 15,744 - 874,039 416,731 68,102 - 484,833 389,206 452,062

Previous Year 717,432 143,360 2,908 857,884 168,855 249,573 1,697 416,731 452,062



FIXED ASSETS

ParticularsGross Block (at cost) Depreciation/ Amortisation Net Block

As at

April 1, 2010

Additions /

Adjustments

As at

June 30, 2010

As at

March 31, 2010Deletions

As at

June 30, 2010

As at

April 1, 2010

Additions /

AdjustmentsDeletions

As at

June 30, 2010


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FORM L-17-CASH AND BANK BALANCE SCHEDULE

CASH AND BANK BALANCES

(Rs. '000)


As atMarch 31, 2010

Cash including cheques on hand , drafts and stamp in hand 2,078 146,553

Bank Balances

(a) Deposit Accounts

(aa) Short-term (due within 12 months of the date of balance sheet) - -

(bb) Others - -

(b) Current Accounts 85,450 106,047

(c) Others - -

Money at Call and Short Notice

(a) With Banks - -

(b) With other Institutions - -

Others - -TOTAL 87,528 252,600

Balances with non-scheduled banks - -

CASH AND BANK BALANCES

In India 87,528 252,600

Outside India - -

TOTAL 87,528 252,600




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FORM L-18-ADVANCES AND OTHER ASSETS SCHEDULE

ADVANCES AND OTHER ASSETS

(Rs. '000)

Particulars As at

June 30, 2010

As at

March 31, 2010

ADVANCES

Reserve deposits with ceding companies - -

Application money for investments - -

Prepayments 26,266 33,845

Advances to Directors/Officers - -

Advance tax paid and taxes deducted at source

(Net of provision for taxation)

1,459 1,538

Others

Advances to Suppliers 307,932 193,721

Advances to Employees 1,161 1,235

TOTAL (A) 336,818 230,339

OTHER ASSETSIncome accrued on investments 41,006 13,926

Outstanding Premiums 1,033 2,466

Agents Balances 874 413

Foreign Agencies Balances - -

Due from other entities carrying on insurance business (including reinsurers) 16,731 7,763

Due from subsidiaries/ holding company - -

Deposit with Reserve Bank of India

[Pursuant to section 7 of Insurance Act, 1938]

- -

Others

Refundable Security Deposits 179,291 111,379

Service Tax Unutilised Credit 131,271 119,647

Management fees receivable 5,562 1,171

TOTAL (B) 375,768 256,765

TOTAL (A+B) 712,586 487,104




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FORM L-19-CURRENT LIABILITIES SCHEDULE

CURRENT LIABILITIES

(Rs. '000)


As atMarch 31, 2010

Agents Balances 12,597 26,888

Balances due to other insurance companies - -

Deposits held on re-insurance ceded - -

Premiums received in advance 1,059 2,595

Unallocated premium 41,992 23,486

Sundry creditors 239,833 439,302

Due to subsidiaries/ holding company - -

Claims Outstanding 20,246 3,800

Due to Directors/Officers - -

Others:Premium/ proposal deposits, to be refunded 1,464 1,903

Others (includes statutory dues payable and payables to employees) 27,622 22,736

Service Tax payable 932 -

Reinsurance Premium Payable 8,585 4,005

TOTAL 354,330 524,715

FORM L-20-PROVISIONS SCHEDULE

PROVISIONS

(Rs. '000)

Particulars As at

June 30, 2010

As at

March 31, 2010

For taxation (less payments and taxes deducted at source)

Fringe Benefit Tax - -

For proposed dividends - -

For dividend distribution tax - -

Others:

Provisions for Employee Benefits 38,607 92,500

Provision for Gratuity 22,778 19,778

Provision for Leave encashment 18,250 16,148

TOTAL 79,635 128,426


SCHEDULES FORMING PART OF BALANCE SHEET AS AT JUNE 30, 2010


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FORM L-22: Analytical Ratios

Insurer: AEGON Religare Life Insurance Company Limited Date: 30/06/2010

Analytical Ratios for Life Companies

Sl.No. ParticularQuarter ended

June 30, 2010

Quarter ended

June 30, 2009

1 New business premium income growth rate - segment wise

Non - Participating Individual -6.86% NA

Non - Participating Group 18307.94% NA

Linked Pension 205.05% NA

Linked Life 257.60% NA

2 Net Retention Ratio 98.59% 99.08%

3 Expense of Management to Gross Direct Premium Ratio 179.77% 403.78%

4 Commission Ratio (Gross commission paid to Gross Premium) 8.02% 7.09%

5 Ratio of policy holder's liabilities to shareholder's funds 78.87% 91.22%

6 Growth rate of shareholders' fund 42.81% 7.43%

7 Ratio of surplus to policyholders' liability 0.00% 0.00%

8 Change in net worth (Rs'000) 675,793 90,523

9 Profit after tax/Total Income -127.81% -230.06%

10 (Total real estate + loans)/(Cash & invested assets) 0% 0%

11 Total investments/(Capital + Surplus) 146.06% 157.90%

12 Total affiliated investments/(Capital+ Surplus) 0% 0%

13 Investment Yield (Gross and Net) 6.31% 7.65%

14 Conservation Ratio NA NA

15 Persistency Ratio

For 13th month 44% NA

For 25th month NA NA

For 37th month NA NA

For 49th Month NA NA

for 61st month NA NA

16 NPA Ratio

Gross NPA Ratio NA NA

Net NPA Ratio NA NA

Equity Holding Pattern for Life Insurers

1 (a) No. of shares 700,000,000 350,000,000

2

(b) Percentage of shareholding (Indian / Foreign)

- Indian

- Foreign

74%

26%

74%

26%

3( c) %of Government holding (in case of public sector insurance

companies)NA NA

4(a) Basic and diluted EPS before extraordinary items (net of tax

expense) for the period (not to be annualized) (Rs.)(1.01) (1.19)

5(b) Basic and diluted EPS after extraordinary items (net of tax

expense) for the period (not to be annualized) (Rs.)(1.01) (1.19)

6 (iv) Book value per share (Rs.) 3.22 3.74


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FORM L-23-RECEIPTS AND PAYMENTS SCHEDULE

(Rs. '000)


June 30, 2010

Quarter ended

June 30, 2009

CASH FLOWS FROM OPERATING ACTIVITIESPremium collection (Excluding Service Tax but including proposals pending issuance) 442,893 117,374

Cash paid to Reinsurers (1,419) -

Cash paid to suppliers (633,974) (284,738)

Cash paid to employees (367,805) (218,157)

Benefits paid 11,475 (302)

Commission paid (48,835) (8,336)

Deposits paid (67,911) (33)

Taxes Paid 79 (2,500)

Service tax paid (22,291) (9,342)

Net cash used in operating activities (687,788) (406,034)

CASH FLOWS FROM INVESTING ACTIVITIES

Purchase of Fixed Assets (16,888) (65,187)

Net Purchase of Investments (767,173) (83,303)

Interest and Dividend Received (10,135) 1,424

Net cash used in investing activities (794,196) (147,066)

CASH FLOWS FROM FINANCING ACTIVITIES

Proceeds from issuance of share capital 1,300,000 500,000

Net cash from financing activities 1,300,000 500,000

Net increase in cash and cash equivalent (181,984) (53,100)

Cash and cash equivalent at beginning of the period 285,343 97,783

Cash and cash equivalent as at the end of the period 103,359 44,683

1. The above Receipts and Payments Account has been prepared as prescribed by Insurance Regulatory and Development Authority

(Preparation of Financial Statements and Auditor's Report of Insurance Companies) Regulations, 2002 under the "Direct Method"

laid out in Accounting standard - 3 on Cash Flow Statements.

2. Cash and Cash equivalent at the end of the period comprise of the following Balance sheet amounts;

(Rs. '000)

Particulars As at

June 30, 2010

As at

June 30, 2009

Cash (including cheques, drafts, stamps in hand) 2,078 1,093

Bank Balances 85,450 38,657

Bank Balances in Unit Linked Funds 15,831 4,933

Total 103,359 44,683




RECEIPTS AND PAYMENTS ACCOUNT FOR THE QUARTER ENDED JUNE 30, 2010


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FORM L-24: Valuation of net liabilities

Insurer: AEGON Religare Life Insurance Company Limited

Date: 30/06/2010

(Rs in Lakhs)

Sl.No. ParticularAs at

June 30, 2010

As at

March 31, 2010

1 Linked

a Life 13,566 11,214

b General Annuity - -

c Pension 2,885 2,256

d Health - -

2 Non-Linked -

a Life 1,270 929

b General Annuity - -

c Pension - -

d Health 59 -

Valuation of net liabilities


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FORM L-26-INVESTMENT ASSETS(LIFE INSURERS)-3A

Company Name & Code : AEGON Religare Life Insurance Company Limited - 138 PART - A

Statement as on: 30th June, 2010

Statement of Investment Assets (Life Insurers)

(Business within India)

Periodicity of Submission: Quarterly Rs.in Lakhs

Total Application as per Balance Sheet (A) 87,937.07 Reconciliation of Investment Assets

Add (B) Total Investment Assets (as per Balance Sheet) 32,950.70

Provisions Sch-14 796.35 Balance Sheet Value of:

Current Liabilities Sch-13 3,543.30 A. Life Fund 16,735.39

4,339.65 B. Pension & Gen Annuity Fund -

Less (C ) C. Unit Linked Funds 16,215.31

Debit Balance in P& L A/c 47,457.77 32,950.70

Loans Sch-09 -

Adv & Other Assets Sch-12 7,125.86

Cash & Bank Balance Sch-11 850.33

Fixed Assets Sch-10 3,892.06

Misc Exp. Not Written Off Sch-15 -

Funds available for Investments 32,950.70

NON - LINKED BUSINESS

Balance FRSMUL-Non

Unit ResPAR NON PAR

(a) (b) (c) (d) (e)F=

[b+c+d+e]

1Not Less than

25% - 7,523.21 - - - 7,523.21 44.95% 7,365.15 7,523.21 7,442.35

2Not Less than

50% - 8,461.58 175.84 - 324.16 8,961.58 53.55% 8,838.79 8,961.58 8,907.78

3- - - -

a. Housing & Infrastructure Not Less than - 2,647.28 216.83 - 1,015.70 3,879.81 23.18% 3,878.06 3,879.81 3,980.30

b. i) Approved Investments- 3,639.96 - - 56.00 3,695.96 22.08% 3,668.17 3,695.96 3,750.71

ii) "Other Investments" not to exceed 15% - 198.03 - - - 198.03 1.18% 134.30 198.03 198.03

TOTAL LIFE FUND 100% - 14,946.86 392.67 - 1,395.86 16,735.39 ###### 16,519.33 ######## 16,836.83

PAR NON PAR

1

2

3

LINKED BUSINESS

PAR NON PAR

1 - 14,316.66 14,316.66 88.29%

2 - 1,898.65 1,898.65 11.71%

- 16,215.31 16,215.31 100.00%

CERTIFICATION:

Certified that the information given here in are correct and complete to the best of my knowledge and belief and nothing has been concealed or suppressed.

Date: 13/08/2010 Saibal Ghosh Rajiv Jamkhedkar

Chief Investment Officer Chief Executive Officer

Market ValueActual % FVC Amount

B. PENSION AND GENERAL ANNUITY FUND % as per RegPH

Book Value

A. LIFE FUND

G. Sec

G.Sec or Other Approved Securities (incl (i) above)

G.Sec or Other Approved Securities (incl (i) above)

TOTAL PENSION, GENERAL ANNUITY FUND 100%

Balance in Approved investment

Investment subject to Exposure Norms

% as per Reg

SH

G. Sec

PHTotal Fund

Not More than 25%

Total Fund

Actual %

Not Less than 75%

Total Fund

Book Value

(SH+PH)

Not exceeding

35%

PH

Market Value

Not Less than 20%

Not Less than 40%

Not Exceeding 60%

Actual % FVC Amount

TOTAL LINKED INSURANCE FUND 100%

C. LINKED FUNDS % as per Reg

Approved Investment

Other Investments


25/48


26/48


27/48

FORM L-29: Detail regarding debt securities - Life Fund


(Rs in Lakhs)

Particulars As at

June 30, 2010

as % of total

for this class

As at

March 31, 2010

as % of total

for this class

As at

June 30, 2010

as % of total

for this class

As at

March 31, 2010

as % of total

for this class

Break down by credit rating

AAA rated 16,246 97 10,473 98 16,144 97 10,342 98

AA or better - - 7 1 - - 7 1

Rated below AA but above A - - - - - - - -

Rated below A but above B - - - - - - - -

Any other 566 3 51 1 566 3 51 1

Total 16,812 100 10,531 100 16,710 100 10,400 100

-

BREAKDOWN BY RESIDUALMATURITY -

Up to 1 year 8,958 53 5,556 53 8,958 54 5,556 53

more than 1 year and upto 3 years 1,479 9 500 5 1,499 9 501 5

More than 3 years and up to 7 years 2,413 14 2,474 24 2,406 14 2,483 24

More than 7 years and up to 10 years 2,024 12 1,520 14 1,909 11 1,404 14

More than 10 years and up to 15 years 537 3 34 0 539 3 34 -

More than 15 years and up to 20 years 466 3 447 4 437 3 422 4

Above 20 years 935 6 - - 962 6 - -

Total 16,812 100 10,531 100 16,710 100 10,400 100

-

Breakdown by type of the issuer -

a. Central Government 8,908 53 9,553 91 8,961 54 9,470 91

b. State Government - - - - - - - -

c. Corporate Securities 7,904 47 978 9 7,749 46 930 9

Total 16,812 100 10,531 100 16,710 100 10,400 100

Detail Regarding debt securities

Market Value Book Value


28/48

FORM L-29: Detail regarding debt securities - Linked Fund


(Rs in Lakhs)

Particulars As at

June 30, 2010

as % of total

for this class

As at

March 31, 2010

as % of total

for this class

As at

June 30, 2010

as % of total

for this class

As at

March 31, 2010

as % of total

for this class

Break down by credit rating

AAA rated 2,226 56 1,194 50 2,216 56 1,186 50

AA or better - - 98 4 - - 98 4

Rated below AA but above A - - - - - - - -

Rated below A but above B - - - - - - - -

Any other 1,722 44 1,079 46 1,722 44 1,079 46

Total 3,948 100 2,371 100 3,938 100 2,363 100

BREAKDOWN BY RESIDUALMATURITY

Up to 1 year 1,821 46 1,890 80 1,819 47 1,888 80

more than 1 year and upto 3 years 105 3 116 5 105 3 115 5



More than 10 years and up to 15 years - - - - - - 0 0


Above 20 years 1,071 27 - - 1,078 27 - -

Total 3,948 100 2,371 100 3,938 100 2,363 100

Breakdown by type of the issuer

a. Central Government 1,637 41 1,547 65 1,649 42 1,546 65

b. State Government - - - - - - - -

c. Corporate Securities 2,311 59 824 35 2,289 58 817 35

Total 3,948 100 2,371 100 3,938 100 2,363 100

Detail Regarding debt securities

Market Value Book Value


29/48

FORM L-30: Related Party Transactions


(Rs in Lakhs)

Quarter ended

June 30, 2010

Quarter ended

June 30, 2009

1 AEGON India Holdings B.V. 3,380 1,300

2 Religare Enterprises Limited 5,720 2,200

3,900 1,500

Advertisement, marketing and publicity 6 -

4 Religare Insurance Broking Limited Commission Due 113 13

5 Super Religare Laboratories Limited Medical fees 0 0

6 Religare Capital Markets Limited Brokerage on Securities Transactions 2 1

7 Religare Macquarie Wealth Management Limited Advertisement, marketing and publicity 408 152

8 Religare Finvest Limited Advertisement, marketing and publicity / Training expenses 52 159

9 Religare Technova IT Services Limited 299 148

10 Religare Technova Global Solutions Ltd - 1

11 Religare Technova Business Intellect Limited Advertisement, marketing and publicity - 27

12 Religare Travel (India) Limited Travel, conveyance & vehicle running expenses 140 -

13 Religare Finvest Limited Benefit Paid under Group Policy 1 -

14 Rajiv JamkhedkarKey Management

PersonnelManagerial remuneration 41 34

Related Party Transactions

Sl.No. Name of the Related PartyNature of Relationship

with the CompanyDescription of Transactions / Categories

Consideration paid / received

Subscription to Equity Shares

3 Bennett Coleman & Co. Limited

Purchase of Fixed Asset and Professional Services

Joint Venture and

Entities where control

exists


30/48

FORM L-31: LNL - 6 : Board of Directors & Key Person


Sl. No. Name of person Role/designation Details of change in the period

1 Mr. Sunil Godhwani Nominee Director - REL

2 Mr. Anil Saxena Nominee Director - REL Appointed as Additional Director with effect from May 6, 2010

3 Mr. Vimal Bhandari Nominee Director - AEGON

4 Mr. Shachindra Nath Nominee Director - REL Appointed as Additional Director with effect from May 5, 2010

5 Mr. Bert Jaap Brons Nominee Director - AEGON

6 Mr. Otto Thoresen Nominee Director - AEGON

7 Mr. K. N. Memani Independent Director

8 Mr. S. Sivakumar Nominee Director - BCCL

9 Dr. Adarsh Kishore Independent Director

10 Mr. Rajiv Jamkhedkar Managing Director & CEO Appointed as Managing Director with effect from April 1, 2010

Key Persons as defined in IRDA Registration of Companies Regulations, 2000

BOD and Key Person information


31/48

FORM L-32: SOLVENCY MARGIN - KT 3

30th June 2010

Form C

Name of Insurer: AEGON Religare Life Insurance Company Ltd. Registration Number: 138 Classif

Classification: Business Within India

Item DescriptionAdjusted Value

(Rs in

(1)

01 Available Assets in Policyholders' Fund:

Deduct:

02 Mathematical Reserves

03 Other Liabilities

04 Excess in Policyholders' funds

05 Available Assets in Shareholders Fund:

Deduct:

06 Other Liabilities of shareholders fund

07 Excess in Shareholders' funds

08 Total ASM (04)+(07)

09 Total RSM

10 Solvency Ratio (ASM/RSM)

(See Regulation 4)

Insurance Regulatory and Development Authority (Actuarial Report and Abstract) Regulations, 20

AVAILABLE SOLVENCY MARGIN AND SOLVENCY RATIO.

(2)


32/48

FORM L-33: NPAs-7A

Company Name & Code : AEGON Religare Life I nsurance Company Limited - 138

Statement as on : 30th June 2010 Linked Fund

Details of Investment Portfolio

Periodicity of Submission : Quarterly

%

Has there

been

revision?

AmountBoard

Approval Ref

Nil

CERTIFICATION

Certified that the information given herein are correct and complete to the best of my knowledge and belief and nothing has been concealed or suppressed.



Name of the Fund:

COI Company NameInstrument

Type

Interest RateTotal O/s

(Book

Value)

Default

Principal

(Book Value)

Default

Interest

(Book Value)

ClassificationProvision

(%)

Provision

(Rs)

Principal

Due from

Interest

Due from

Deferred

Principal

Deferred

Interest

Rolled

Over?

Has there been any

Principal Waiver?


33/48

FORM L-33: NPAs-7A

Company Name & Code : AEGON Religare Life Insurance Company Limited - 138

Statement as on : 30th June 2010 Controlled Fund

Details of Investment Portfolio

Periodicity of Submission : Quarterly

%

Has there

been

revision?

AmountBoard

Approval Ref

Nil

CERTIFICATION

Certified that the information given herein are correct and complete to the best of my knowledge and belief and nothing has been concealed or suppressed.



Name of the Fund:

COICompany

Name

Instrument

Type

Interest RateTotal O/s

(Book

Value)

Default

Principal

(Book Value)

Default

Interest

(Book Value)

ClassificationProvision

(%)

Provision

(Rs)

Principal

Due from

Interest

Due from

Deferred

Principal

Deferred

Interest

Rolled

Over?

Has there been any

Principal Waiver?


34/48


35/48


36/48


37/48


38/48


39/48


40/48

FORM L-36: Premium and number of lives covered by policy type


(Rs in Lakhs)

Premium No. of Policies No. of Lives Sum Insured Premium No. of Policies No. of Lives Sum Insured

1

i Individual Single Premium- (ISP)

From 0-10000 - - - - - - - -

From 10,001-25,000 5 28 28 153 1 10 10 101

From 25001-50,000 18 44 44 153 5 5 5 (11)

From 50,001- 75,000 1 1 1 4 0 - - -

From 75,001-100,000 21 21 21 57 12 12 12 12

From 1,00,001 -1,25,000 - - - - - - - -

Above Rs. 1,25,000 140 23 23 553 - - --

ii Individual Single Premium (ISPA)- Annuity

From 0-50000- - - - - - - -

From 50,001-100,000- - - - - - - -

From 1,00,001-150,000- - - - - - - -

From 150,001- 2,00,000- - - - - - - -

From 2,00,,001-250,000- - - - - - - -

From 2,50,001 -3,00,000- - - - - - - -

Above Rs. 3,00,000- - - - - - - -

iii Group Single Premium (GSP)

From 0-10000- - - - - - - -

From 10,000-25,000- - - - - - - -

From 25001-50,000- - - - - - - -

From 50,001- 75,000

- - - - - - - -

From 75,000-100,000- - - - - - - -

From 1,00,001 -1,25,000- - - - - - - -

Above Rs. 1,25,00018 - 366 3,110 0 2 2,745 137

iv Group Single Premium- Annuity- GSPA

From 0-50000- - - - - - - -

From 50,001-100,000- - - - - - - -

From 1,00,001-150,000- - - - - - - -

From 150,001- 2,00,000- - - - - - - -

From 2,00,,001-250,000- - - - - - - -

From 2,50,001 -3,00,000 - - - - - - - -

Above Rs. 3,00,000- - - - - - - -

v Individual non Single Premium- INSP

From 0-10000 390 3,865 3,865 81,188 385 3,610 3,610 13,963

From 10,001-25,000 875 4,443 4,443 55,895 252 1,087 1,087 5,086

From 25001-50,000 555 1,203 1,203 11,686 103 242 242 1,794

From 50,001- 75,000 101 130 130 1,720 14 23 23 105

From 75,001-100,000 317 305 305 3,127 55 58 58 492

From 1,00,001 -1,25,000 56 37 37 1,187 7 6 6 24

Quarter ended June 2009

First year Premium

Sl. No Particulars



41/48



Sl. No Particulars


Above Rs. 1,25,000 916 194 194 3,648 327 42 42 1,971

vi Individual non Single Premium- Annuity- INSPA

From 0-50000- - - - - - - -

From 50,001-100,000- - - - - - - -

From 1,00,001-150,000 - - - - - - - -

From 150,001- 2,00,000- - - - - - - -

From 2,00,,001-250,000- - - - - - - -

From 2,50,001 -3,00,000- - - - - - - -

Above Rs. 3,00,000- - - - - - - -

vii Group Non Single Premium (GNSP)

From 0-10000- - - - - - - -

From 10,000-25,000- - - - - - - -

From 25001-50,000- - - - - - - -

From 50,001- 75,000- - - - - - - -

From 75,000-100,000- - - - - - - -

From 1,00,001 -1,25,000- - - - - - - -

Above Rs. 1,25,000- - - - - - - -

viii Group Non Single Premium- Annuity- GNSPA

From 0-10000- - - - - - - -

From 10,000-25,000- - - - - - - -

From 25001-50,000- - - - - - - -

From 50,001- 75,000- - - - - - - -

From 75,000-100,000- - - - - - - -

From 1,00,001 -1,25,000 - - - - - - - -

Above Rs. 1,25,000- - - - - - - -

2

i Individual

From 0-10000 210 14,034 14,034 38,784- - - -

From 10,001-25,000 198 7,759 7,759 17,630- - - -

From 25001-50,000 87 1,323 1,323 5,000- - - -

From 50,001- 75,000 15 107 107 435- - - -

From 75,001-100,000 36 277 277 2,266- - - -

From 1,00,001 -1,25,000 5 24 24 156- - - -

Above Rs. 1,25,000 284 165 165 3,399- - - -

ii Individual- Annuity

From 0-10000- - - - - - - -

From 10,000-25,000- - - - - - - -

From 25001-50,000- - - - - - - -

From 50,001- 75,000- - - - - - - -

From 75,000-100,000- - - - - - - -

From 1,00,001 -1,25,000- - - - - - - -

Above Rs. 1,25,000- - - - - - - -

Renewal Premium


42/48



Sl. No Particulars


iii Group

From 0-10000- - - - - - - -

From 10,000-25,000- - - - - - - -

From 25001-50,000- - - - - - - -

From 50,001- 75,000- - - - - - - -

From 75,000-100,000 - - - - - - - -

From 1,00,001 -1,25,000- - - - - - - -

Above Rs. 1,25,000- - - - - - - -

iv Group- Annuity

From 0-10000- - - - - - - -

From 10,000-25,000- - - - - - - -

From 25001-50,000- - - - - - - -

From 50,001- 75,000- - - - - - - -

From 75,000-100,000- - - - - - - -

From 1,00,001 -1,25,000- - - - - - - -

Above Rs. 1,25,000- - - - - - - -


43/48

FORM L-37: BUSINESS ACQUISITION THROUGH DIFFERENT CHANNELS (GROUP)


(Rs in Lakhs)

Business Acquisition through different channels (Group)

1 Individual Agents - - - - - -

2 Corporate Agents - Banks - - - - - -

3 Corporate Agents - Others - - - - - -

4 Brokers - - - - - -

5 Micro Agents - - - - - -

6 Direct Business - 366 18 2 2,745 0

Total(A) - 366 18 2 2,745 0

1 Referral (B) - - - - - -

Grand Total (A+B) - 366 18 2 2,745 0

Sl.No.Quarter ended June 2010 Quarter ended June 2009

ChannelsNo. of Policies/

No. of Schemes

No. of Lives

CoveredPremium

No. of Policies/

No. of Schemes

No. of Lives

CoveredPremium


44/48

FORM L-38: BUSINESS ACQUISITION THROUGH DIFFERENT CHANNELS (INDIVIDUAL)


(Rs in Lakhs)

No. of Policies Premium No. of Policies Premium

1 Individual agents 4,089 1,023 2,359 337

2 Corporate Agents-Banks - - - -

3 Corporate Agents -Others 1,727 293 299 53

4 Brokers 844 434 182 55

5 Micro Agents - - - -

6 Direct Business 3,597 1,640 2,255 717

Total (A) 10,257 3,390 5,095 1,162

1 Referral (B) 37 6 - -

Grand Total (A+B) 10,294 3,396 5,095 1,162

Sl.No.

Business Acquisition through different channels (Individuals)

ChannelsQuarter ended June 30, 2010 Quarter ended June 30, 2009


45/48

FORM L-39: Data on Settlement of Claims(Individual)


(Rs in Lakhs)

On or

before

maturity

1 month1 - 3

months

3 - 6

months

6 months -

1 year

> 1 year

1 Maturity Claims - - - - - - - -

2 Survival Benefit - - - - - - - -

3 For Annuities /

Pension

- - - - - - - -

4 For Surrender - - - - - - - -

5 Other benefits - - - - - - - -

1 Death Claims - - - - - - - -

FORM L-39: Data on Settlement of Claims(Group)

Insurer: AEGON Religare Life Insurance Company Limited Date: 30/06/2010(Rs in Lakhs)

On or

before

maturity

1 month1 - 3

months

3 - 6

months

6 months -

1 year> 1 year

1 Maturity Claims - - - - - - - -

2 Survival Benefit - - - - - - - -

3 for Annuities /

Pension

- - - - - - - -

4 For Surrender - - - - - - - -

5 Other benefits - - - - - - - -

1 Death Claims - - - - - - - -

Ageing of Claims* - June 2010

Sl.No. Types of Claims

No. of claims paid

Total No. of

claims paid

Total amount of

claims paid

Ageing of Claims* - June 2010

Sl.No. Types of Claims

No. of claims paid

Total No. of

claims paid

Total amount of

claims paid


46/48

FORM L-40: Yearly claims data for Life(Individual)


(Rs in Lakhs)

Sl. No. Claims Experience For DeathFor

Maturity

Survival

Benefit

For

Annuities/

Pension

For

Surrender

Other

Benefits

1 Claims o/s at the beginning of the period 4 - - - - -

2 Claims reported during the period* 24 - - - - 1

3 Claims settled during the period - - - - - -

4 Claims repudiated during the period 1 - - - - -

a Less than 2years from the date of acceptance of risk 1 - - - - -

b Greater than 2 year from the date of acceptance of risk - - - - - -

5 Claims written back - - - - - -

6 Claims o/s at end of the period 27 - - - - 1

Less than 3 months 24 - - - - 1

3 months to 6 months 2 - - - - -

6 months to 1 year 1 - - - - -

1 year and above - - - - - -

FORM L-40: Yearly claims data for Life(Group)


(Rs in Lakhs)

Sl. No. Claims Experience For DeathFor

Maturity

Survival

Benefit

For

Annuities/

Pension

For

Surrender

Other

Benefits

1 Claims o/s at the beginning of the period - - - - - -

2 Claims reported during the period - - - - - -

3 Claims settled during the period - - - - - -

4 Claims repudiated during the period - - - - - -

a Less than 2 years from the date of acceptance of risk - - - - - -

b Greater than 2 year from the date of acceptance of risk - - - - - -

5 Claims written back - - - - - -

6 Claims o/s at end of the period - - - - - -Less than 3 months - - - - - -

3 months to 6 months - - - - - -

6 months to 1 year - - - - - -

1 year and above - - - - - -


47/48

FORM L-41: GRIEVANCE DISPOSAL


Fully

Accepted

Partial

Accepted

Rejected

1 Complaints made by customers - - - - - -

a) Sales related 6 201 207 - - -

b) New Business related - 87 87 - - -

c) Policy Servicing related 1 144 143 - - 2

d) Claim Servicing related - 1 1 - - -

e) Others - 82 82 - - -

Total Number 7 515 520 - - 2

2 Duration wise Pending Status Complaints made

by customers

Complaints made

by intermediaries

Total

a) Less than 15 days - - -

b) Greater than 15 days 2 - 2

Total Number 2 - 2

GRIEVANCE DISPOSAL

Sl No. Particulars Opening Balance * Additions Complaints Resolved/ settled Complaints

Pending


48/48

L-42_Valuation basis

AEGON Religare Life Insurance Company Ltd

Valuation Bases for the valuation as at 30 June 2010

(a) Valuation Methodology:

How the policy data needed for

valuation is accessed.

The valuation data as at the valuation date is extracted

from the policy administration system maintained by the

Company

How the valuation bases are supplied

to the system

The policy valuation data and the actuarial assumptions

are input to the actuarial system. Moses is used to

determine the actuarial value of policy liabilities

(b) Valuation Assumptions

1. Interest Rates

i.Individual Business

1. L ife- Par ticipating pol ic ies Not Applicable

2. Life- Non-participating Policies 4.7% to 9.1% per annum3. Annuities- Participating policies Not Applicable

4. Annuities Non-participating policies Not Applicable

5. Annuities- Individual Pension Plan Not Applicable

6. Unit Linked 5.3% to 5.6% per annum

7. Health Insurance 5.10% to 5.90%

ii.Group Business

1. Group Term Life Not Applicable as we use Unearned Premium Reserve method

2. Group Credit Life 4.50%

2. Mortality Rates

1. L ife- Par ticipating pol ic ies Not Applicable

2. Life- Non-participating Policies 72% to 91% of IAL 1994-96 Ultimate table

3. Annuities- Participating policies Not Applicable

4. Annuities Non-participating policies Not Applicable

5. Annuities- Individual Pension Plan Not Applicable

6. Unit Linked 77% to 99% of IAL 1994-96 Ultimate table

7. Health I nsurance 82.5% of IAL 1994-96 Ultimate table

ii.Group Business

1. Group Term Life Not Applicable as we use Unearned Premium Reserve method

2. Group Credit Life 59% to 70% of IAL 1994-96 Ultimate table

3. Expenses Please refer to table given below for expense

assumptions

4. Bonus Rates Not Applicable, Company does not have any with profit

business

5. Policyholders Reasonable

Expectations

Not Applicable, Company does not have any with profit

business

6. Taxation and Shareholder Transfers

Not Applicable, Company does not have any with profit

business

7. Basis of provisions for Incurred But

Not Reported (IBNR)

A provision equal to 2 months mortality risk has been

assumed as reserve for IBNR claims

8. Change in Valuation Methods or

Bases

Nil

Expenses Assumptions Table

Linked Business:

Expenses as a % of premium % of Reserve Per policy Claims Expenses

AEGON RELIGARE Protect Gain Plan &

Star Child Plan

First Year: 12% to 16% of premium

Year 2 onwards: 1.1% to 1.4% of renewal premiums

0.19% Rs.437 per policy per annum Rs. 550 per claim

AEGON RELIGARE Premium Gain &

Premium Gain Plus Plan

First Year: 28% to 31% of premium

Year 2 onwards: 1.1% to 1.7% of renewal premiums


AEGON RELIGARE Pension Plan Year 1: 13.2% of premiumYear 2 onwards: 1.1% 0.19% Rs.437 per policy per annum Rs. 550 per claim

AEGON RELIGARE Wealth Protect Plan Year 1: 4.0% to 5.2% of premium

Year 2 onwards: 1.4% to 1.7%


AEGON RELIGARE Invest Maximiser Plan Year 1: 2.6% of premium

Year 2 onwards: Nil


AEGON RELIGARE Growth Plan Plan Year 1: 13.2%

Year 2 onwards: 1.7% of premium


AEGON RELIGARE Wealth Protect Plus Year 1: Nil

Year 2 onwards: Nil


Non Linked Business

AEGON RELIGARE Level Term PlanYear 1: 18%

Year 2 onwards: 2.4%0.17% of reserve Rs.274 per annum Rs.550 per claim

AEGON RELIGARE Increasing Term PlanYear 1: 18%


AEGON RELIGARE Decreasing Term PlanYear 1: 18%


AEGON RELIGARE Guaranteed Return Plan Nil 0.06% of reserve Rs.347 per annum Rs.550 per claim

AEGON RELIGARE Rural Term Plan Nil 0.17% of reserve Rs.17 per annum Rs.550 per claim

AEGON RELIGARE Guaranteed Return Plan

3

Year 1: 4.1%


AEGON RELIGARE Money Back PlanYear 1: 12.5%

Year 2 onwards: 1.1%Nil Rs.437 per annum Rs.550 per claim

AEGON RELIGARE iTerm PlanYear 1: 8%

Year 2 onwards: 2.2%Nil Rs.248 per annum Rs.550 per claim

AEGON RELIGARE Health PlanYear 1 :20%

Renewal: 6.6%0.17% o f reserve Rs. 660 per annum per p imary l ife Rs.275 per l ife

Product/ Rider Name

Expenses

Product/ Rider Name

Expenses

Expense as % of premium Expense as % of reserve Expense per policy Claims Expenses

financials_irda - pd for jun-10

Documents