ON THE PATHTO CREATE

6 CRORE SMILES

ANNUAL REPORT2013-14

Canara HSBC Oriental Bank Of Commerce Life Insurance Company Limited (IRDA Regn. No. 136)

Registered Office:C-31 and C-32, First Floor, Connaught Circus, New Delhi - 110001

Corporate Office:Augusta Point, 2nd Floor, Golf Course Road,Sector-53, Gurgaon -122002, Haryana, India

Corporate Identity No.: U66010DL2007PLC248825Website: www.canarahsbclife.com

Call: 1800-103-0003/1800-180-0003(BSNL/MTNL)Give a missed call: 0124-6156600

SMS: 9779030003Email: customerservice@canarahsbclife.in

Table of ContentsCorporate Information 01

Corporate Profile 02

Chairman's Letter 03

Board of Directors 04

CEO's Letter 05

Executive Committee 06

Awards 07

CSR Initiatives 08

Risk Management Framework 11

Directors' Report & Corporate Governance Report 12

Auditors' Report 35

C&AG Report 39

Management Report 40

Financials 432013 -

2014

AN

NU

AL R

EP

OR

T

Corporate Information

ANNUAL REPORT 2013 - 14 01

BOARD OF DIRECTORS *

Mr R K Dubey

Mr S L Bansal

Ms Naina Lal Kidwai

Mr Marcelo Teixeira

Mr V S Krishna Kumar

Mr Bhupinder Nayyar

Mr D Kallurao

Mr Shyamalendu Saha

Mr A K Bansal

Mr Sid Khanna

Mr John Holden

STATUTORY AUDITORS FOR FY 2013-14

M/s Sahni Natarajan and Bahl

M/s Mukund M Chitale & Co.

BANKERS

Canara Bank

The Hongkong and Shanghai Banking Corporation Limited

Oriental Bank of Commerce

Deutsche Bank

HDFC Bank Limited

CHIEF FINANCIAL OFFICER & COMPANY SECRETARY

Mr Anuj Mathur

REGISTERED OFFICE

C-31 and C-32, First Floor, Connaught Circus, New Delhi –110 001, India

CORPORATE OFFICE

Augusta Point, 2nd Floor, Golf Course Road, Sector–53, Gurgaon –122 002, Haryana, India

* thas on 12 August 2014

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Chairman's Letter

0302

Corporate Profile

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited was launched in June 2008 and is jointly

owned by two of India’s largest public sector banks – Canara Bank (holding 51%) and Oriental Bank of Commerce

(23%) – and HSBC Insurance (Asia Pacific) Holdings Limited (26%), the Asian insurance arm of one of the world’s largest

banking and financial services groups – HSBC. The Company has exclusive access to around 60 million customers and a

pan-India network of over 7000 branches of Canara Bank, HSBC and Oriental Bank of Commerce.

The formidable distribution strength and in-depth local market knowledge of Canara Bank and Oriental Bank of

Commerce coupled with the considerable insurance experience, product range and proven Bancassurance capabilities

of HSBC make this an unparalleled union of financial strength, expertise and most importantly, trust.

To deliver affordable insurance solutions to address the needs of the rural population, the social sector and economically

weaker sections of the society, especially those who have no or very little access to organised financial services, the

Company has also tied up with Rural Regional Bank (RRB) – Pragathi Krishna Gramin Bank in Karnataka with a network of

over 600 branches and reaches out to around 1.5 million customers.

Canara HSBC Oriental Bank of Commerce Life Insurance Company understands that today innovation is a key

differentiator. Based on customer needs, the Company offers 14 products – 5 unit-linked and 9 traditional; 9 out of

these are individual and 5 are group products.

The Company achieved statutory break-even in FY2012-13, its fifth year of operations - one of the fastest amongst

private life insurers to have achieved this feat. The Company also demonstrated sustained growth in FY 2013-14 and

reported profit for the 2nd consecutive year, a result of quality business, efficiency and thorough understanding of

the market. Since launch on June 16, 2008 to March 31, 2014, the Company’s business in terms of Gross Written

Premium (GWP) stood at ̀ 8249.8 crore and the number of policies sold are 4,42,344.

Dear Shareholders,

It gives me immense pleasure to report that our Company has

successfully completed six years of business operations. The journey

continues to be successful with the support of the shareholders,

my fellow Board members, Regulator, employees and other

stakeholders of the Company.

As we move forward, it gives me great satisfaction to see us make

progress towards placing a policy in the hands of every bank customer. I am well aware that still many of our banks'

customers have not taken the important decision to protect themselves and their families with insurance; this is our

continued work.

Our focus on treating customers fairly, to provide best-in-class value for money products and ensure that customers

renew their policies to stay with us, has ensured continued profitable growth, evidenced by our second year of profits.

In the last year, the Company received a 'AAA (In)' rating from CARE, indicating the highest financial strength to meet

policyholder obligations, providing additional assurance to our customers of our financial strength and commitment to

pay policyholders at the time of need.

A competitive environment is a fact of commercial life in a free market economy, so we have to move with the times,

anticipating and responding to change. Given the low penetration levels, emerging middle class and growing economy,

the long-term opportunity for life insurance products presents an immense opportunity for the Company. In these

changing times, we are fortunate to face the future with the strength and wisdom of three great banks, together with

the skills and experience of our employees. This combination is the secret sauce that makes our success.

To navigate the challenging landscape, the Company has a very strong risk management and governance framework

that provides guidance to the management. As we strive to always create good customer outcomes, we aim to stay

ahead of the regulatory agenda that so often is required to remediate the industry's past errors. The emphasis shall always

remain on building products that create good financial value for customers and sustainable growth of the Company.

Doing the right thing is the best policy of Corporate Governance .

Business is a journey, not a destination; we have come some distance, and have a long way to go. Our journey will not be

complete until each of the banks' customers have a life cover.

R K Dubey

Chairman

R K Dubey

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Chairman's Letter

0302

Corporate Profile

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited was launched in June 2008 and is jointly

owned by two of India’s largest public sector banks – Canara Bank (holding 51%) and Oriental Bank of Commerce

(23%) – and HSBC Insurance (Asia Pacific) Holdings Limited (26%), the Asian insurance arm of one of the world’s largest

banking and financial services groups – HSBC. The Company has exclusive access to around 60 million customers and a

pan-India network of over 7000 branches of Canara Bank, HSBC and Oriental Bank of Commerce.

The formidable distribution strength and in-depth local market knowledge of Canara Bank and Oriental Bank of

Commerce coupled with the considerable insurance experience, product range and proven Bancassurance capabilities

of HSBC make this an unparalleled union of financial strength, expertise and most importantly, trust.

To deliver affordable insurance solutions to address the needs of the rural population, the social sector and economically

weaker sections of the society, especially those who have no or very little access to organised financial services, the

Company has also tied up with Rural Regional Bank (RRB) – Pragathi Krishna Gramin Bank in Karnataka with a network of

over 600 branches and reaches out to around 1.5 million customers.

Canara HSBC Oriental Bank of Commerce Life Insurance Company understands that today innovation is a key

differentiator. Based on customer needs, the Company offers 14 products – 5 unit-linked and 9 traditional; 9 out of

these are individual and 5 are group products.

The Company achieved statutory break-even in FY2012-13, its fifth year of operations - one of the fastest amongst

private life insurers to have achieved this feat. The Company also demonstrated sustained growth in FY 2013-14 and

reported profit for the 2nd consecutive year, a result of quality business, efficiency and thorough understanding of

the market. Since launch on June 16, 2008 to March 31, 2014, the Company’s business in terms of Gross Written

Premium (GWP) stood at ̀ 8249.8 crore and the number of policies sold are 4,42,344.

Dear Shareholders,

It gives me immense pleasure to report that our Company has

successfully completed six years of business operations. The journey

continues to be successful with the support of the shareholders,

my fellow Board members, Regulator, employees and other

stakeholders of the Company.

As we move forward, it gives me great satisfaction to see us make

progress towards placing a policy in the hands of every bank customer. I am well aware that still many of our banks'

customers have not taken the important decision to protect themselves and their families with insurance; this is our

continued work.

Our focus on treating customers fairly, to provide best-in-class value for money products and ensure that customers

renew their policies to stay with us, has ensured continued profitable growth, evidenced by our second year of profits.

In the last year, the Company received a 'AAA (In)' rating from CARE, indicating the highest financial strength to meet

policyholder obligations, providing additional assurance to our customers of our financial strength and commitment to

pay policyholders at the time of need.

A competitive environment is a fact of commercial life in a free market economy, so we have to move with the times,

anticipating and responding to change. Given the low penetration levels, emerging middle class and growing economy,

the long-term opportunity for life insurance products presents an immense opportunity for the Company. In these

changing times, we are fortunate to face the future with the strength and wisdom of three great banks, together with

the skills and experience of our employees. This combination is the secret sauce that makes our success.

To navigate the challenging landscape, the Company has a very strong risk management and governance framework

that provides guidance to the management. As we strive to always create good customer outcomes, we aim to stay

ahead of the regulatory agenda that so often is required to remediate the industry's past errors. The emphasis shall always

remain on building products that create good financial value for customers and sustainable growth of the Company.

Doing the right thing is the best policy of Corporate Governance .

Business is a journey, not a destination; we have come some distance, and have a long way to go. Our journey will not be

complete until each of the banks' customers have a life cover.

R K Dubey

Chairman

R K Dubey

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

CEO's LetterBoard of Directors*

th*as on 12 August 2014

R K DubeyChairman & Managing Director,

Canara Bank

S L BansalChairman & Managing Director,

Oriental Bank of Commerce

Naina Lal KidwaiChairman India,

Director HSBC Asia Pacific

Marcelo TeixeiraGroup Head of Insurance,

HSBC Holdings plc

V S Krishna KumarExecutive Director,

Canara Bank

Bhupinder NayyarExecutive Director,

Oriental Bank of Commerce

D KalluraoGeneral Manager,

Canara Bank

Shyamalendu SahaGeneral Manager,

Canara Bank

Sid KhannaDirector

John HoldenChief Executive Officer &

Whole-time Director

A K BansalDirector

Dear Shareholders,

Over the last year, I am delighted to have led the Company through

a period of continued profitability, despite the challenges of the

market-place, increasing and changing regulation and a changing

economic scenario.

In the last year we have re-priced and re-positioned almost all our

products in response to the Regulator’s requirements and, in doing

so, taken the opportunity to ensure that the benefits of being an integrated bancassurer are passed onto the customer.

Because we are a pure bancassurer without any individual agents, we have lower costs - and therefore charges - and we

pass on this benefit to our policyholder in terms of better illustrated IRRs and early exit terms. In simple terms, buying

a policy from Canara Bank, OBC or HSBC is better value-for-money than buying from a competitor. Our Smart Stage

Money Back Plan, Smart Monthly Income Plan, eSmart Term Plan and Group Secure credit life products all lead their field

as best value-for-money.

Also in the last year we have significantly increased the number of Licenced Branch Staff across the banks with over

4,500 bank staff now licenced to sell insurance products. This clearly increases the coverage of the branch network

and takes insurance to all India.

We continue to win recognition as a leader in the industry, having won Technology Leader award at the Indian Insurance

Awards and have also won international recognition at the Asia Training & Development Excellence Awards in the

categories of: Excellence in Training & Development - An overall Award for Best Results Based Training; and as Training

Leader of the Year. These awards recognise the importance we place on how we train and develop both our own staff

and those in the bank branches.

During the year we have made good progress on integrating our processes with the banks, to make the customer

journey as seamless as possible and to keep our costs low. We have made good progress at integrating payments

(with more to follow) and have begun a pilot for sales on tablet. Clearly the future is digital and integrated; we are

mapping our path on that basis.

Of course, none of this is possible without our banks who are also our shareholders. As an exclusive integrated bancassurer,

without our banks we do not exist. I would like to take this opportunity to extend my thanks to each of the banks – in the

roles of distributor and shareholder – for the unswerving support that has enabled our continued success. Indeed, the

thanks are more personal, because it is the people in the banks who have made this possible, with their advice, patience,

guidance and sheer hard work!

The year ahead holds great excitement. We continue to expand and activate the reach of insurance through bank

branches, as we pursue the goal of having a policy in the hands of ever bank customer. We have the right business model,

with the right partners, in the right country, at the right time – with best value-for-money products. Our challenge is simply

how fast we can capture the opportunity and deliver to our customers.

John Holden

Chief Executive Officer & Whole-time Director

John Holden

04 05

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

CEO's LetterBoard of Directors*

th*as on 12 August 2014

R K DubeyChairman & Managing Director,

Canara Bank

S L BansalChairman & Managing Director,

Oriental Bank of Commerce

Naina Lal KidwaiChairman India,

Director HSBC Asia Pacific

Marcelo TeixeiraGroup Head of Insurance,

HSBC Holdings plc

V S Krishna KumarExecutive Director,

Canara Bank

Bhupinder NayyarExecutive Director,

Oriental Bank of Commerce

D KalluraoGeneral Manager,

Canara Bank

Shyamalendu SahaGeneral Manager,

Canara Bank

Sid KhannaDirector

John HoldenChief Executive Officer &

Whole-time Director

A K BansalDirector

Dear Shareholders,

Over the last year, I am delighted to have led the Company through

a period of continued profitability, despite the challenges of the

market-place, increasing and changing regulation and a changing

economic scenario.

In the last year we have re-priced and re-positioned almost all our

products in response to the Regulator’s requirements and, in doing

so, taken the opportunity to ensure that the benefits of being an integrated bancassurer are passed onto the customer.

Because we are a pure bancassurer without any individual agents, we have lower costs - and therefore charges - and we

pass on this benefit to our policyholder in terms of better illustrated IRRs and early exit terms. In simple terms, buying

a policy from Canara Bank, OBC or HSBC is better value-for-money than buying from a competitor. Our Smart Stage

Money Back Plan, Smart Monthly Income Plan, eSmart Term Plan and Group Secure credit life products all lead their field

as best value-for-money.

Also in the last year we have significantly increased the number of Licenced Branch Staff across the banks with over

4,500 bank staff now licenced to sell insurance products. This clearly increases the coverage of the branch network

and takes insurance to all India.

We continue to win recognition as a leader in the industry, having won Technology Leader award at the Indian Insurance

Awards and have also won international recognition at the Asia Training & Development Excellence Awards in the

categories of: Excellence in Training & Development - An overall Award for Best Results Based Training; and as Training

Leader of the Year. These awards recognise the importance we place on how we train and develop both our own staff

and those in the bank branches.

During the year we have made good progress on integrating our processes with the banks, to make the customer

journey as seamless as possible and to keep our costs low. We have made good progress at integrating payments

(with more to follow) and have begun a pilot for sales on tablet. Clearly the future is digital and integrated; we are

mapping our path on that basis.

Of course, none of this is possible without our banks who are also our shareholders. As an exclusive integrated bancassurer,

without our banks we do not exist. I would like to take this opportunity to extend my thanks to each of the banks – in the

roles of distributor and shareholder – for the unswerving support that has enabled our continued success. Indeed, the

thanks are more personal, because it is the people in the banks who have made this possible, with their advice, patience,

guidance and sheer hard work!

The year ahead holds great excitement. We continue to expand and activate the reach of insurance through bank

branches, as we pursue the goal of having a policy in the hands of ever bank customer. We have the right business model,

with the right partners, in the right country, at the right time – with best value-for-money products. Our challenge is simply

how fast we can capture the opportunity and deliver to our customers.

John Holden

Chief Executive Officer & Whole-time Director

John Holden

04 05

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

AwardsExecutive Committee

John HoldenChief Executive Officer &Whole-time Director

Chirag JainChief Operating Officer

Shally GambhirChief Risk Officer

Anuj MathurChief Financial Officer &Company Secretary

Chirag RathodAppointed Actuary & Head - Products & Strategy

Vishakha RM Head - Sales & Marketing

Ritu AroraChief Investment Officer & Head - Procurements

Vikas AnandHead - Compliance, Legal &Internal Audit

Manjit S LakhmanaHead - HR

2nd Asian Customer Engagement Awards 2014Manager Sahab campaign won the award for “effectiveness”under the customer engagement category

The Indian Insurance Awards 2014 by Fintelekt, part of S P Media CHOICe awarded the “Technology Maturity”award for the policy servicing workflow system

The Global Brand Excellence AwardsCHOICe won the award for Effective use of Marketing Communication forthe 'Manager Sahab' print campaign that ran in January to March 2013

Asia Training & Development Excellence Awards 2013by World HRD Congress & Asian Confederation of Businesses Best Sales Development Programme - across Industry verticals

Asia Training & Development Excellence Awards 2013by World HRD Congress & Asian Confederation of BusinessesBest Training Initiative for Insurance Sector

0706

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

AwardsExecutive Committee

John HoldenChief Executive Officer &Whole-time Director

Chirag JainChief Operating Officer

Shally GambhirChief Risk Officer

Anuj MathurChief Financial Officer &Company Secretary

Chirag RathodAppointed Actuary & Head - Products & Strategy

Vishakha RM Head - Sales & Marketing

Ritu AroraChief Investment Officer & Head - Procurements

Vikas AnandHead - Compliance, Legal &Internal Audit

Manjit S LakhmanaHead - HR

2nd Asian Customer Engagement Awards 2014Manager Sahab campaign won the award for “effectiveness”under the customer engagement category

The Indian Insurance Awards 2014 by Fintelekt, part of S P Media CHOICe awarded the “Technology Maturity”award for the policy servicing workflow system

The Global Brand Excellence AwardsCHOICe won the award for Effective use of Marketing Communication forthe 'Manager Sahab' print campaign that ran in January to March 2013

Asia Training & Development Excellence Awards 2013by World HRD Congress & Asian Confederation of Businesses Best Sales Development Programme - across Industry verticals

Asia Training & Development Excellence Awards 2013by World HRD Congress & Asian Confederation of BusinessesBest Training Initiative for Insurance Sector

0706

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

CSR InitiativesCSR Initiatives

The Company also partnered with GOONJ for their award-winning programme – 'School to School', a simple concept of

turning what is not useful for one into a resource for another (books, stationery etc). The programme helped in bridging the

massive resource gap by moving resources from where they are a waste to where they are precious in a practical, cost

effective and easily replicable manner. Children in the city schools were sensitized by CHOICe employees towards the

needs of their counterparts in the villages and were motivated to contribute material. GOONJ channelized the material in a

systematic manner to the remote village schools and to the schools in the slums. It encouraged and motivated the student

and staff to do their bit for the society. Apart from this, the Company supported 1000 children with school kits.

The Company also provided relief material during the Uttarakhand Floods in June 2013 which was distributed in the

affected parts of the area by GOONJ.

Under the Company's 'Green Cover' programme, the employees planted 7,393 trees, across India with different

educational institutions, armed forces, hospitals and also partnered with WWF India in their 'Adopt a Tree' initiative to

promote green spaces.

The Company also partnered with WWF India for Earth Hour, a global event promoting a sustainable lifestyle right from

the time the initiative first came to India in 2009. For the last five years, the Company in partnership with WWF India has

organized a cyclothon in New Delhi to spread the Earth Hour message on renewable energy and recycling.

Along with these, several other initiatives like Joy of Giving, Nature Bazars, Nutrition Camps, Summer Camps, Computer

Training, talks on environment conservation have been organized for the community.

As part of the employee volunteering programme 'Partners in Progress', the Company has clocked over 6000 man hours

of CSR employee volunteering in Financial Year 2013-14 with 95% employees participating in at least two initiatives, with

an average of 7+ volunteering man-hours per employee.

NGOs/Organisations we work/are associated with:

CORPORATE SOCIAL RESPONSIBILITY/CSR INITIATIVES (FY 2013-14)

Corporate Citizenship, a core value of our Company was established during our pre-launch days. Life insurance, our

business, is all about social security and protection, aimed at the well-being of human beings and the society as a whole. We

are committed to more than ‘giving back’ to the society and have a very comprehensive and structured CSR programme.

The Company has exhibited socially, environmentally and ethically responsible behaviour in governance of its operations

and has made positive contribution towards the betterment of the society.

The Company has generated value by adopting a long-term sustainability approach by following its CSR Policy which is in

line with Corporate Social Responsibility Voluntary Guidelines issued in December 2009 by the Ministry of Corporate

Affairs, Government of India.

The Company focused its efforts in two areas: financial inclusion through education and social development (child/youth

education, women empowerment, skill development) and environment (biodiversity/wildlife, conservation of resources,

preservation of the environment and livelihoods).

Udaan

A child education programme that aims at mentoring children who come from economically weaker sections of the

society or are differently abled.

Green Cover Programme

An initiative that aims at protecting the environment by planting trees.

Aatmnirbhar

A skill development/capacity building programme that focuses on inclusive growth.

Let's Change, Let's Save

A programme that aims at using all resources responsibly/optimally by focusing on reducing, reusing and recycling, thus

protecting ecosystems and the environment.

Volunteering

All our CSR initiatives have a volunteering component and a well structured programme - Partners in Progress

The Company has partnered and initiated activities aimed at improving lives of the disadvantaged communities and

protecting the environment.

Under financial inclusion through education and social development, the Company partnered with several NGOs and

organizations like Navjyoti India Foundation, Amba Foundation, Aid Et Action and Amitasha to support education and skill

development training of over1500 children, youth and women beneficiaries in a phased manner, to bring them back in

the fold of education for self-reliance. 'Unnati', a stitching and tailoring programme launched for Navjyoti India Foundation

was recognized by IGNOU (Indira Gandhi National Open University). Career counseling and financial education was

also imparted to the beneficiaries with focus on concepts of saving, insurance and banking.

0908

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

CSR InitiativesCSR Initiatives

The Company also partnered with GOONJ for their award-winning programme – 'School to School', a simple concept of

turning what is not useful for one into a resource for another (books, stationery etc). The programme helped in bridging the

massive resource gap by moving resources from where they are a waste to where they are precious in a practical, cost

effective and easily replicable manner. Children in the city schools were sensitized by CHOICe employees towards the

needs of their counterparts in the villages and were motivated to contribute material. GOONJ channelized the material in a

systematic manner to the remote village schools and to the schools in the slums. It encouraged and motivated the student

and staff to do their bit for the society. Apart from this, the Company supported 1000 children with school kits.

The Company also provided relief material during the Uttarakhand Floods in June 2013 which was distributed in the

affected parts of the area by GOONJ.

Under the Company's 'Green Cover' programme, the employees planted 7,393 trees, across India with different

educational institutions, armed forces, hospitals and also partnered with WWF India in their 'Adopt a Tree' initiative to

promote green spaces.

The Company also partnered with WWF India for Earth Hour, a global event promoting a sustainable lifestyle right from

the time the initiative first came to India in 2009. For the last five years, the Company in partnership with WWF India has

organized a cyclothon in New Delhi to spread the Earth Hour message on renewable energy and recycling.

Along with these, several other initiatives like Joy of Giving, Nature Bazars, Nutrition Camps, Summer Camps, Computer

Training, talks on environment conservation have been organized for the community.

As part of the employee volunteering programme 'Partners in Progress', the Company has clocked over 6000 man hours

of CSR employee volunteering in Financial Year 2013-14 with 95% employees participating in at least two initiatives, with

an average of 7+ volunteering man-hours per employee.

NGOs/Organisations we work/are associated with:

CORPORATE SOCIAL RESPONSIBILITY/CSR INITIATIVES (FY 2013-14)

Corporate Citizenship, a core value of our Company was established during our pre-launch days. Life insurance, our

business, is all about social security and protection, aimed at the well-being of human beings and the society as a whole. We

are committed to more than ‘giving back’ to the society and have a very comprehensive and structured CSR programme.

The Company has exhibited socially, environmentally and ethically responsible behaviour in governance of its operations

and has made positive contribution towards the betterment of the society.

The Company has generated value by adopting a long-term sustainability approach by following its CSR Policy which is in

line with Corporate Social Responsibility Voluntary Guidelines issued in December 2009 by the Ministry of Corporate

Affairs, Government of India.

The Company focused its efforts in two areas: financial inclusion through education and social development (child/youth

education, women empowerment, skill development) and environment (biodiversity/wildlife, conservation of resources,

preservation of the environment and livelihoods).

Udaan

A child education programme that aims at mentoring children who come from economically weaker sections of the

society or are differently abled.

Green Cover Programme

An initiative that aims at protecting the environment by planting trees.

Aatmnirbhar

A skill development/capacity building programme that focuses on inclusive growth.

Let's Change, Let's Save

A programme that aims at using all resources responsibly/optimally by focusing on reducing, reusing and recycling, thus

protecting ecosystems and the environment.

Volunteering

All our CSR initiatives have a volunteering component and a well structured programme - Partners in Progress

The Company has partnered and initiated activities aimed at improving lives of the disadvantaged communities and

protecting the environment.

Under financial inclusion through education and social development, the Company partnered with several NGOs and

organizations like Navjyoti India Foundation, Amba Foundation, Aid Et Action and Amitasha to support education and skill

development training of over1500 children, youth and women beneficiaries in a phased manner, to bring them back in

the fold of education for self-reliance. 'Unnati', a stitching and tailoring programme launched for Navjyoti India Foundation

was recognized by IGNOU (Indira Gandhi National Open University). Career counseling and financial education was

also imparted to the beneficiaries with focus on concepts of saving, insurance and banking.

0908

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

CSR Initiatives Risk Management Framework

The Company relies on robust risk management practices and governance mechanism. Management of risk is integrated into

the business decision making process and Company strategy. An appropriate framework has been implemented to facilitate

the identification, assessment, management and reporting of risk. This includes an assessment and periodic review of top risks,

an incident reporting framework, an assessment of risks and their management with respect to implementation of key strategic

initiatives, launch of new products and investment decision making.

Management oversight over relevant risks is ensured through separate executive risk management committees and groups

where all categories of risk including market, liquidity, credit, insurance, product & pricing, operational and business & strategic

risks are reviewed. The Executive Committee, comprising of Company's Senior Management, performs the role of the

overarching risk group to provide leadership and oversight to the functioning of the risk sub-groups. This ensures that the risk is

managed within the stated appetite and the risk management activities adequately support Company's objectives and strategies.

Under the overall ambit of corporate governance, the Company has established a risk management framework that is supported

by a “Three lines of Defence” approach (depicted below) that helps in appropriately safeguarding the interests of Company's

customers as well as its shareholders.

The Company inculcates a culture whereby management of risks remain at the functional level as a part of their day-to-day

responsibilities and where risk is seen as part of the overall business process. Control functions like Risk Management and

Compliance act as a second line of defence and are independent from business operations which has been implemented

through independent reporting arrangements. This ensures that the Risk Management function is able to monitor risks across

all the functional areas of the Company. The role of the third line is performed by the Internal Audit function that provides an

independent assurance to the Board on the functioning of internal controls.

Board riskcommittee

Audit committee

Third line of defence

Internal Audit(Test and validate)

Risk Management(Design, Facilitate, Monitor & Report)

Process & risk owners supported by functional risk coordinators

(implement risk and control framework)

Second line of defence

First line of defence

Guide Report

Assist Advice

Company�s three lines of defence model/approach

The risk governance structure further includes setting up of a Board Risk Committee (BRC) that has the ultimate responsibility

of ensuring that an effective risk management framework, asset liability matching and internal control system are implemented.

The BRC also reviews its effectiveness on an ongoing basis. The BRC assists the Board in effective operation of the risk

management framework, advises the Board with regard to risk management decisions in relation to strategic and operational

matters and also reports to the Board on the details of the risk exposures and the actions taken to manage the exposures.

The BRC and Audit Committee are supported by Company's risk management and the internal audit functions, respectively and

are responsible for assisting the Board in fulfilling these responsibilities and ensuring adequacy of the Company's risk management

and internal control structure.

10 11

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

CSR Initiatives Risk Management Framework

The Company relies on robust risk management practices and governance mechanism. Management of risk is integrated into

the business decision making process and Company strategy. An appropriate framework has been implemented to facilitate

the identification, assessment, management and reporting of risk. This includes an assessment and periodic review of top risks,

an incident reporting framework, an assessment of risks and their management with respect to implementation of key strategic

initiatives, launch of new products and investment decision making.

Management oversight over relevant risks is ensured through separate executive risk management committees and groups

where all categories of risk including market, liquidity, credit, insurance, product & pricing, operational and business & strategic

risks are reviewed. The Executive Committee, comprising of Company's Senior Management, performs the role of the

overarching risk group to provide leadership and oversight to the functioning of the risk sub-groups. This ensures that the risk is

managed within the stated appetite and the risk management activities adequately support Company's objectives and strategies.

Under the overall ambit of corporate governance, the Company has established a risk management framework that is supported

by a “Three lines of Defence” approach (depicted below) that helps in appropriately safeguarding the interests of Company's

customers as well as its shareholders.

The Company inculcates a culture whereby management of risks remain at the functional level as a part of their day-to-day

responsibilities and where risk is seen as part of the overall business process. Control functions like Risk Management and

Compliance act as a second line of defence and are independent from business operations which has been implemented

through independent reporting arrangements. This ensures that the Risk Management function is able to monitor risks across

all the functional areas of the Company. The role of the third line is performed by the Internal Audit function that provides an

independent assurance to the Board on the functioning of internal controls.

Board riskcommittee

Audit committee

Third line of defence

Internal Audit(Test and validate)

Risk Management(Design, Facilitate, Monitor & Report)

Process & risk owners supported by functional risk coordinators

(implement risk and control framework)

Second line of defence

First line of defence

Guide Report

Assist Advice

Company�s three lines of defence model/approach

The risk governance structure further includes setting up of a Board Risk Committee (BRC) that has the ultimate responsibility

of ensuring that an effective risk management framework, asset liability matching and internal control system are implemented.

The BRC also reviews its effectiveness on an ongoing basis. The BRC assists the Board in effective operation of the risk

management framework, advises the Board with regard to risk management decisions in relation to strategic and operational

matters and also reports to the Board on the details of the risk exposures and the actions taken to manage the exposures.

The BRC and Audit Committee are supported by Company's risk management and the internal audit functions, respectively and

are responsible for assisting the Board in fulfilling these responsibilities and ensuring adequacy of the Company's risk management

and internal control structure.

10 11

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Directors' ReportDirectors' Report

Dear Shareholders,

The directors have pleasure in presenting the Seventh Annual Report of Canara HSBC Oriental Bank of Commerce

Life Insurance Company Limited (CHOICe), together with the audited statements of accounts and the auditors’ report stthereon for the financial year ended 31 March 2014.

KEY FINANCIAL PARAMETERSstThe key financial parameters for the financial year ended 31 March 2014 are summarised below:

BUSINESS REVIEW

Industry scenario

The need for insurance is growing rapidly across the world and Indian markets are no different. The favorable demographics,

rising wealth, increasing awareness and supportive regulatory environment coupled with improved customer centric

products are the positive leading indicators of increasing insurance needs over medium and long term. The life insurance 1industry in India is expected to grow at compounded annual growth rate (CAGR) of 12–15% in the next five years . The current

penetration levels are also expected to increase to 5% from current levels of 3.2% by 2020. The bancassurance performance 2has increased manifold (bancassurance share increased from 19% in financial year 2008-09 to 43% in financial year 2012-13),

primarily due to robust bancassurance model with synergies from shareholders.

The financial year 2013-14 was a challenging year for the Indian economy. Less than 5% GDP growth, rupee depreciation,

tightening of monetary policies and fiscal pressures weakened the general sentiments of the economy. The changes in

regulatory guidelines coupled with these macroeconomic factors resulted in a de-growth of 3% on individual weighted

premium income (WPI) basis for the life insurance industry.

The overall regulatory environment continued to move the industry towards more favourable customer outcomes

through the introduction of customer oriented product guidelines and other customer friendly initiatives. The new product

guidelines, although slowing the pace of product approvals in short term, are likely to deliver better long term value creation

outcomes for customers. During this period, the industry as well as the IRDA increased their focus on the retention of

existing business, which is beneficial both for insurance companies, as well as customers.

The slow moving period being experienced today by the Indian life insurance companies brings to fore the big challenge

of profitability. The industry’s participants have been struggling to achieve profitability in the face of high operating losses

primarily on account of distribution and operating models. Against this, CHOICe compares favourably and has started

generating profits from its fifth year of operations and has booked profits in the current year as well.

Looking ahead, the financial year 2014-15 has started on a positive note. The strong mandate given to the new

Government provides it with the requisite strength to carry out long pending reforms. This has led to rising confidence

levels in the economy. While the economy is most likely to go through a consolidation phase, the same shall prepare

India for the next big economic leap and the focus will come back to financial savings. The Indian economy’s strong

fundamentals and a rapidly expanding workforce will lead to a quantum jump in demand for financial products, including

life insurance. As incomes rise, the per capita need for insurance will also rise dramatically. CHOICe is ready to reap the

dividends as the economy bounces back. We continue to focus on competitive, sustainable and responsible growth.

(` in lacs)st st Particulars 31 March 2014 31 March 2013

Number of policies sold (in absolute numbers) 51,444 73,410

Sum assured 6,16,573 7,11,551

Premium Income (gross of reinsurance) 1,80,588 1,91,215

Surplus/(deficit) in revenue account (net of contribution from shareholders) 2,965 (23)

Profit/(loss) after tax 6,619 2,350

Expense ratio 14.6% 13.2%

Company performance

The financial year 2013-14 was a mixed year, with premium collection at par and profits higher than previous financial year.

CHOICe recorded statutory profit of ̀ 66 crores against ̀ 23 crores in previous year; primarily due to higher contribution

from in-force book offsetting the new business strain, favorable mortality experience, higher investment income and strict

control on costs.

th 3CHOICe ranked 10 in the industry basis new business premium collection at ` 588 crores with opex to premium ratio

at 14%. CHOICe continues to be one of the most cost-efficient insurance companies in its sixth year of operations.

thThe policyholder AUM (assets under management) at11 rank is ahead of insurance companies which started business

around the same time and exceeds those of some insurers who have been in business for more than ten years. CHOICe thranked 5 in terms of AUM growth in last 3 years and also maintained highest average case size at ` 55,000 against the

industry average of ̀ 10,000.

CHOICe acknowledgedes the importance of quality sales and benefits of high persistency and makes conscious efforts in

this direction through increased customer engagement, policyholder education initiatives, need-based selling practices and thsimple premium payment options. CHOICe enjoys one of the best persistency levels (13 month persistency at around

th69% and 25 month persistency at around 86%) in the industry. While an area of strength, this must also remain a focus

area for improvement.

CHOICe re-aligned its product portfolio for long term business goals, simplified processes to make business more efficient

and most importantly made further simplifications to policy issuance processes to achieve customer delight. CHOICe

products are ranked in the top quartile of the industry in terms of competitiveness/ ‘Value for Money’ for customers.

The new e-Smart Term Plan is one of the best online life insurance plans in the industry in terms of ease of purchase.

nd thCHOICe was awarded ‘Best Insurance Company Private Sector’ ‘2 IPE BFSI Awards’ and 4 Best insurance company

to work with in ‘Great Places to Work 2013’ along with several other awards for sales development programme, training

initiatives, Leadership in Under-served Market Penetration - Private Sector, Effective Use of Marketing Communication etc.

During the year under review, CHOICe continued to progress well on its overall strategic plan with increased focus on five

key imperatives:

i. Building distribution

ii. Improving efficiency – enhancing productivity & activation

iii. Product mix (Traditional – 50%)

iv. Higher persistency

v. Sales quality initiatives for need based selling

CHOICe made a good progress in ‘building distribution’ by adding approximately 2300 licensed branch staff (LBS) as well

as making reasonable progress towards their activation; CHOICe is working on adding further 1400 LBS for actively

exploring and satisfying their customers' insurance needs. CHOICe continues to have enormous growth potential, since

the penetration rate into the customer base of the Banks’ is currently less than 1%. CHOICe is working in the right direction

to increase the penetration rate. For the coming year, CHOICe has a well defined implementation strategy, which focuses

on increasing sales staff and their activation by increasing engagement level with the customers and their development with

the required skill set.1For private life insurance companies only

2Reference : BCG survey, IBEF research

Reference : BCG survey, IBEF research

3On Annualised premium equivalent basis

1312

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Directors' ReportDirectors' Report

Dear Shareholders,

The directors have pleasure in presenting the Seventh Annual Report of Canara HSBC Oriental Bank of Commerce

Life Insurance Company Limited (CHOICe), together with the audited statements of accounts and the auditors’ report stthereon for the financial year ended 31 March 2014.

KEY FINANCIAL PARAMETERSstThe key financial parameters for the financial year ended 31 March 2014 are summarised below:

BUSINESS REVIEW

Industry scenario

The need for insurance is growing rapidly across the world and Indian markets are no different. The favorable demographics,

rising wealth, increasing awareness and supportive regulatory environment coupled with improved customer centric

products are the positive leading indicators of increasing insurance needs over medium and long term. The life insurance 1industry in India is expected to grow at compounded annual growth rate (CAGR) of 12–15% in the next five years . The current

penetration levels are also expected to increase to 5% from current levels of 3.2% by 2020. The bancassurance performance 2has increased manifold (bancassurance share increased from 19% in financial year 2008-09 to 43% in financial year 2012-13),

primarily due to robust bancassurance model with synergies from shareholders.

The financial year 2013-14 was a challenging year for the Indian economy. Less than 5% GDP growth, rupee depreciation,

tightening of monetary policies and fiscal pressures weakened the general sentiments of the economy. The changes in

regulatory guidelines coupled with these macroeconomic factors resulted in a de-growth of 3% on individual weighted

premium income (WPI) basis for the life insurance industry.

The overall regulatory environment continued to move the industry towards more favourable customer outcomes

through the introduction of customer oriented product guidelines and other customer friendly initiatives. The new product

guidelines, although slowing the pace of product approvals in short term, are likely to deliver better long term value creation

outcomes for customers. During this period, the industry as well as the IRDA increased their focus on the retention of

existing business, which is beneficial both for insurance companies, as well as customers.

The slow moving period being experienced today by the Indian life insurance companies brings to fore the big challenge

of profitability. The industry’s participants have been struggling to achieve profitability in the face of high operating losses

primarily on account of distribution and operating models. Against this, CHOICe compares favourably and has started

generating profits from its fifth year of operations and has booked profits in the current year as well.

Looking ahead, the financial year 2014-15 has started on a positive note. The strong mandate given to the new

Government provides it with the requisite strength to carry out long pending reforms. This has led to rising confidence

levels in the economy. While the economy is most likely to go through a consolidation phase, the same shall prepare

India for the next big economic leap and the focus will come back to financial savings. The Indian economy’s strong

fundamentals and a rapidly expanding workforce will lead to a quantum jump in demand for financial products, including

life insurance. As incomes rise, the per capita need for insurance will also rise dramatically. CHOICe is ready to reap the

dividends as the economy bounces back. We continue to focus on competitive, sustainable and responsible growth.

(` in lacs)st st Particulars 31 March 2014 31 March 2013

Number of policies sold (in absolute numbers) 51,444 73,410

Sum assured 6,16,573 7,11,551

Premium Income (gross of reinsurance) 1,80,588 1,91,215

Surplus/(deficit) in revenue account (net of contribution from shareholders) 2,965 (23)

Profit/(loss) after tax 6,619 2,350

Expense ratio 14.6% 13.2%

Company performance

The financial year 2013-14 was a mixed year, with premium collection at par and profits higher than previous financial year.

CHOICe recorded statutory profit of ̀ 66 crores against ̀ 23 crores in previous year; primarily due to higher contribution

from in-force book offsetting the new business strain, favorable mortality experience, higher investment income and strict

control on costs.

th 3CHOICe ranked 10 in the industry basis new business premium collection at ` 588 crores with opex to premium ratio

at 14%. CHOICe continues to be one of the most cost-efficient insurance companies in its sixth year of operations.

thThe policyholder AUM (assets under management) at11 rank is ahead of insurance companies which started business

around the same time and exceeds those of some insurers who have been in business for more than ten years. CHOICe thranked 5 in terms of AUM growth in last 3 years and also maintained highest average case size at ` 55,000 against the

industry average of ̀ 10,000.

CHOICe acknowledgedes the importance of quality sales and benefits of high persistency and makes conscious efforts in

this direction through increased customer engagement, policyholder education initiatives, need-based selling practices and thsimple premium payment options. CHOICe enjoys one of the best persistency levels (13 month persistency at around

th69% and 25 month persistency at around 86%) in the industry. While an area of strength, this must also remain a focus

area for improvement.

CHOICe re-aligned its product portfolio for long term business goals, simplified processes to make business more efficient

and most importantly made further simplifications to policy issuance processes to achieve customer delight. CHOICe

products are ranked in the top quartile of the industry in terms of competitiveness/ ‘Value for Money’ for customers.

The new e-Smart Term Plan is one of the best online life insurance plans in the industry in terms of ease of purchase.

nd thCHOICe was awarded ‘Best Insurance Company Private Sector’ ‘2 IPE BFSI Awards’ and 4 Best insurance company

to work with in ‘Great Places to Work 2013’ along with several other awards for sales development programme, training

initiatives, Leadership in Under-served Market Penetration - Private Sector, Effective Use of Marketing Communication etc.

During the year under review, CHOICe continued to progress well on its overall strategic plan with increased focus on five

key imperatives:

i. Building distribution

ii. Improving efficiency – enhancing productivity & activation

iii. Product mix (Traditional – 50%)

iv. Higher persistency

v. Sales quality initiatives for need based selling

CHOICe made a good progress in ‘building distribution’ by adding approximately 2300 licensed branch staff (LBS) as well

as making reasonable progress towards their activation; CHOICe is working on adding further 1400 LBS for actively

exploring and satisfying their customers' insurance needs. CHOICe continues to have enormous growth potential, since

the penetration rate into the customer base of the Banks’ is currently less than 1%. CHOICe is working in the right direction

to increase the penetration rate. For the coming year, CHOICe has a well defined implementation strategy, which focuses

on increasing sales staff and their activation by increasing engagement level with the customers and their development with

the required skill set.1For private life insurance companies only

2Reference : BCG survey, IBEF research

Reference : BCG survey, IBEF research

3On Annualised premium equivalent basis

1312

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Directors' ReportDirectors' Report

Financial strength rating

CHOICe has been rated ‘CARE AAA (In)’ [Triple A] for its Claim paying ability/ financial strength by CARE. It signifies that

CHOICe has the highest financial strength to meet its policyholders’ obligations. The impact of any adverse business and

economic factors on the claims paying ability is minimal.

Rural and social sector obligations

CHOICe successfully met its rural and social sector obligations, as stipulated in the IRDA (Obligations of Insurer to

Rural or Social Sectors) Regulations, 2002. During the year, CHOICe insured 56,669 lives in social sector and issued

14,510 policies (28.2%) in the rural sector against the requirement of 25,000 lives and 9,260 policies (18%), respectively.

Solvency margin and capital structure

CHOICe has maintained a healthy solvency margin on a continuous basis with solvency ratio of 359% as at the end of the

financial year 2013-14, compared to a regulatory requirement of 150%.

stCHOICe’s capital structure as at 31 March 2014:

No. of shares issued 95 crores

Face value ` 10/- per share

Paid up capital ` 950 crores

stAs at 31 March 2014, CHOICe’s shares were held by the following shareholders:

Name of shareholder Percentage of holding

Canara Bank* 51%

HSBC Insurance (Asia-Pacific) Holdings Ltd. 26%

Oriental Bank of Commerce 23%

*Canara Bank holds beneficial interest in respect of five shares held by its nominees.

PRODUCT PORTFOLIO

CHOICe is focused on offering products aligned to specific propositions which are relevant to the target customer

segments in our distributor banks. Product design and positioning is rooted in the understanding of customers’ needs

through research and analytical insight. As a philosophy, CHOICe is committed to the principle of providing ‘Value for

Money’ products to customers which are tested for their competitiveness in the local market, and ensuring fair outcomes

to all customers.

CHOICe launched its first participating (‘Par’) products in the year 2013-14, which is a significant new step, offering

products with the benefits of guaranteed returns and regular bonuses which add to the policy value. In the financial year

2013-14, IRDA implemented new product regulations for linked and non-linked products, which required CHOICe

to revise and re-launch almost all its existing group and individual products. This exercise was completed in time and revised

ULIPs were launched in October 2013 well ahead of the regulatory deadline of December 2013. The new products

launched by CHOICe in financial year 2013-14 provide better ‘Value for Money’ to customers and are very competitive

with respect to competing offerings.

Smart Monthly Income Plan (SMIP), launched in December 2013, is a guaranteed income product targeted at customers

looking for a guaranteed supplementary monthly income, typically in their pre-retirement or retirement life stage.

The product offers the proposition of guaranteed monthly incomes greater than the premiums paid for most customers.

Smart Stage Money Back Plan (SSMB), launched in January 2014, is a guaranteed 'money back' product targeted at

customers looking for life style enhancement or life stage linked periodic inflows during the policy tenure. The target

customers will be younger family customers, looking for guaranteed returns and showing a preference for periodic inflows

every 3-4 years.

Market benchmarking indicates that both SMIP and SSMB are best in class on the key 'Value for Money' metric which is the

illustrated IRR to customer at maturity. Both par products have performed well since their launch and contributed more

than 40% of annualized premium equivalent during March 2014.

CHOICe revised its ULIP products in line with the new product regulations. CHOICe made the necessary changes in the rdfour unit-linked products and these were available for sale on 3 October 2013, much before the regulatory timeline.

CHOICe also launched its single premium unit-linked product ‘Shubh Labh’ in August 2013.

The group products were revised to enable launch in the quarter of July-September 2013. A key product which was introduced

in May 2013 was the ‘Group Secure’, which is a group loan protection product to provide life cover to a much wider category

of retail bank borrowers including education loans, personal loans and business loans in addition to home loans. With its competitive

premium rates and wide coverage, CHOICe has been able to cover multiple loan schemes of Canara Bank and OBC, including

their home loan and education loan customers, and is launching the product to cover the home loan customers of HSBC as well.

The trend of attachment rates to loans is positive and is being monitored by CHOICe.

CHOICe launched its first online product, viz. the online term plan (eSmart Term Plan) in June 2013. The product is

competitive and offers the lowest premiums for the target customer segments. The user interface has been crafted to

provide a seamless online experience and the product requires only four clicks for the prospect to see his premium quote.

CHOICe’s product portfolio currently consists of 12 products - 5 unit-linked and 2 traditional products offered on the

individual platform, in addition to 5 products on a group platform.

During 2014, IRDA continued to apply enhanced scrutiny to product design and mandated design principles, intended

to protect potentially vulnerable customers. The Company is fully cognizant of the same and strongly supports IRDA’s

objectives of improving transparency and promoting fair customer outcomes from the products they buy.

DISTRIBUTION

Distribution in CHOICe is backed by three veterans in the financial services sector, including two of the largest public

sector banks in India - Canara Bank & Oriental Bank of Commerce and one of the biggest banks in the world – HSBC.

Jointly, these three banks offer CHOICe access to over 60 million customers spread across in more than 7040 branches

spanning through the length and breadth of the country. Considering this DNA, the focal point of the distribution strategy

is to reach out to prospective customers, offer them relevant propositions aligned to their needs and be conveniently

accessible to the banks and customers.

Because CHOICe is an exclusive bancassurer, without the cost burden of agency, this cost advantage is passed onto the

customer in the form of lower charges, increased allocation of premiums to investment and improved early exit terms.

This is a unique competitive advantage.

During the financial year 2013-14, CHOICe continued its drive to license and train adequate bank staff for distribution

of insurance products, thereby taking the total number of ‘licensed bank staff ’ to 4,555. Consequently, CHOICe sourced

business from 92% of the total bank branches.

An array of initiatives was launched during the year to empower the licensed bank staff to offer relevant propositions

1514

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Directors' ReportDirectors' Report

Financial strength rating

CHOICe has been rated ‘CARE AAA (In)’ [Triple A] for its Claim paying ability/ financial strength by CARE. It signifies that

CHOICe has the highest financial strength to meet its policyholders’ obligations. The impact of any adverse business and

economic factors on the claims paying ability is minimal.

Rural and social sector obligations

CHOICe successfully met its rural and social sector obligations, as stipulated in the IRDA (Obligations of Insurer to

Rural or Social Sectors) Regulations, 2002. During the year, CHOICe insured 56,669 lives in social sector and issued

14,510 policies (28.2%) in the rural sector against the requirement of 25,000 lives and 9,260 policies (18%), respectively.

Solvency margin and capital structure

CHOICe has maintained a healthy solvency margin on a continuous basis with solvency ratio of 359% as at the end of the

financial year 2013-14, compared to a regulatory requirement of 150%.

stCHOICe’s capital structure as at 31 March 2014:

No. of shares issued 95 crores

Face value ` 10/- per share

Paid up capital ` 950 crores

stAs at 31 March 2014, CHOICe’s shares were held by the following shareholders:

Name of shareholder Percentage of holding

Canara Bank* 51%

HSBC Insurance (Asia-Pacific) Holdings Ltd. 26%

Oriental Bank of Commerce 23%

*Canara Bank holds beneficial interest in respect of five shares held by its nominees.

PRODUCT PORTFOLIO

CHOICe is focused on offering products aligned to specific propositions which are relevant to the target customer

segments in our distributor banks. Product design and positioning is rooted in the understanding of customers’ needs

through research and analytical insight. As a philosophy, CHOICe is committed to the principle of providing ‘Value for

Money’ products to customers which are tested for their competitiveness in the local market, and ensuring fair outcomes

to all customers.

CHOICe launched its first participating (‘Par’) products in the year 2013-14, which is a significant new step, offering

products with the benefits of guaranteed returns and regular bonuses which add to the policy value. In the financial year

2013-14, IRDA implemented new product regulations for linked and non-linked products, which required CHOICe

to revise and re-launch almost all its existing group and individual products. This exercise was completed in time and revised

ULIPs were launched in October 2013 well ahead of the regulatory deadline of December 2013. The new products

launched by CHOICe in financial year 2013-14 provide better ‘Value for Money’ to customers and are very competitive

with respect to competing offerings.

Smart Monthly Income Plan (SMIP), launched in December 2013, is a guaranteed income product targeted at customers

looking for a guaranteed supplementary monthly income, typically in their pre-retirement or retirement life stage.

The product offers the proposition of guaranteed monthly incomes greater than the premiums paid for most customers.

Smart Stage Money Back Plan (SSMB), launched in January 2014, is a guaranteed 'money back' product targeted at

customers looking for life style enhancement or life stage linked periodic inflows during the policy tenure. The target

customers will be younger family customers, looking for guaranteed returns and showing a preference for periodic inflows

every 3-4 years.

Market benchmarking indicates that both SMIP and SSMB are best in class on the key 'Value for Money' metric which is the

illustrated IRR to customer at maturity. Both par products have performed well since their launch and contributed more

than 40% of annualized premium equivalent during March 2014.

CHOICe revised its ULIP products in line with the new product regulations. CHOICe made the necessary changes in the rdfour unit-linked products and these were available for sale on 3 October 2013, much before the regulatory timeline.

CHOICe also launched its single premium unit-linked product ‘Shubh Labh’ in August 2013.

The group products were revised to enable launch in the quarter of July-September 2013. A key product which was introduced

in May 2013 was the ‘Group Secure’, which is a group loan protection product to provide life cover to a much wider category

of retail bank borrowers including education loans, personal loans and business loans in addition to home loans. With its competitive

premium rates and wide coverage, CHOICe has been able to cover multiple loan schemes of Canara Bank and OBC, including

their home loan and education loan customers, and is launching the product to cover the home loan customers of HSBC as well.

The trend of attachment rates to loans is positive and is being monitored by CHOICe.

CHOICe launched its first online product, viz. the online term plan (eSmart Term Plan) in June 2013. The product is

competitive and offers the lowest premiums for the target customer segments. The user interface has been crafted to

provide a seamless online experience and the product requires only four clicks for the prospect to see his premium quote.

CHOICe’s product portfolio currently consists of 12 products - 5 unit-linked and 2 traditional products offered on the

individual platform, in addition to 5 products on a group platform.

During 2014, IRDA continued to apply enhanced scrutiny to product design and mandated design principles, intended

to protect potentially vulnerable customers. The Company is fully cognizant of the same and strongly supports IRDA’s

objectives of improving transparency and promoting fair customer outcomes from the products they buy.

DISTRIBUTION

Distribution in CHOICe is backed by three veterans in the financial services sector, including two of the largest public

sector banks in India - Canara Bank & Oriental Bank of Commerce and one of the biggest banks in the world – HSBC.

Jointly, these three banks offer CHOICe access to over 60 million customers spread across in more than 7040 branches

spanning through the length and breadth of the country. Considering this DNA, the focal point of the distribution strategy

is to reach out to prospective customers, offer them relevant propositions aligned to their needs and be conveniently

accessible to the banks and customers.

Because CHOICe is an exclusive bancassurer, without the cost burden of agency, this cost advantage is passed onto the

customer in the form of lower charges, increased allocation of premiums to investment and improved early exit terms.

This is a unique competitive advantage.

During the financial year 2013-14, CHOICe continued its drive to license and train adequate bank staff for distribution

of insurance products, thereby taking the total number of ‘licensed bank staff ’ to 4,555. Consequently, CHOICe sourced

business from 92% of the total bank branches.

An array of initiatives was launched during the year to empower the licensed bank staff to offer relevant propositions

1514

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Directors' ReportDirectors' Report

to customers and to facilitate sales by providing adequate support through CHOICe team. On these lines, an activity based

sales model was launched, which provided a framework for the sales team to systematically move towards the defined

goals and track progress.

Similarly, Distributor Gateway (Portal) was launched with an aim to enable bank branches to have easy access to their

customer portfolio through the bank intranet. This portal empowers the bank staff to promptly respond to customer

queries and service requests, like duplicate renewal premium receipt, unit statements, etc. at the branches itself.

Additionally, a Customer Portal is already in place wherein the customer can login through the internet to view his/her

policy related details and also raise service requests.

Apart from this, in order to bring further transparency, the 'Application Tracking System' was popularized to communicate

the status of applications received by CHOICe.

A 'Product Helpline' was also created and aligned with the 'Manager Sahab' campaign for capturing queries pertaining to

the products and to offer faster resolutions to queries raised by customers through sales staff of the banks.

Sales training continued to follow an 'integrated approach' towards training and development of the sales staff across the

banks and CHOICe’s own sales support team. As a result, CHOICe conducted over 8,000 sales training and on-the-job

coaching interventions, delivered across all banks, covering close to 32,000 participants. In addition, CHOICe commenced a

unique sales training initiative named 'Conversation Selling' wherein the focus was to prepare the bank sales staff for having

friendly conversation with customers to understand their life stage needs and propose insurance policies based on their needs.

MARKETING

During the financial year 2013-14, CHOICe carried out the following key initiatives to reinforce its brand:

• Identifying key customer needs: The Company and its banks made concerted efforts to educate the customers and

extended training on focused conversation starters, to ensure that sales personnel across branches are able to have

meaningful conversation with the customers.

• Customized sales tools: To enable the bank staff to understand how the traditional plans work, CHOICe introduced

simple and easy to understand sales tools, which demonstrated the give and get in these products.

• Outdoor and print campaign: Customer education being a key objective, CHOICe focused on scaling up the print

campaign for promoting the character 'Manager Sahab'. In the outdoor space, the company had two campaigns,

once during July-August 2013 which communicated benefits of life insurance with long term savings and during

February-March 2014, creating awareness about the two participating products, which addressed the customers’

need for stable and guaranteed returns.

RISK MANAGEMENT FRAMEWORK

The effectiveness of risk management strategies and policies is fundamental to a company’s success. The risk management

practices are therefore integrated into the overall governance and routine operations across all verticals. CHOICe adopts

a set of risk management practices that are designed to support the following risk management principles and goals:

• risk management is the responsibility of every staff member

• risk management activities adequately support CHOICe’s objectives and strategies

• a consistent framework is in place to facilitate identification, assessment, management and reporting of risk

• appropriate actions are taken by senior management to manage risk in accordance with CHOICe’s risk appetite

CHOICe inculcates a culture whereby management of risks remains at the functional level as a part of day-to-day

responsibilities and where risk is seen as part of the overall business process. A robust framework of risk identification,

evaluation, monitoring and control exists. There are various internal forums to review different types of risks. Key risks are

also regularly reviewed by senior management.

Control functions like Risk Management and Compliance act as a second line of defense and are independent from business

operations, with independent reporting arrangements. This ensures that the Risk Management function is able to monitor all

risks across the various activities of business. The role of the third line of defense is performed by the Internal Audit function

that provides an independent assurance to the Board through the Audit Committee, on the functioning of internal controls.

The risk governance structure further includes a Board Risk Committee (BRC) that has the ultimate responsibility of

ensuring that an effective risk management framework, asset-liability matching and internal control systems are

implemented. The BRC also reviews effectiveness of the framework on an ongoing basis. The BRC assists the Board in

effective operation of the risk management framework, advises the Board with regard to risk management decisions in

relation to strategic and operational matters and also reports to the Board on the details of the risk exposures and the

actions taken to manage the exposures. The BRC and Audit Committee are supported by the Risk Management and the

Internal Audit functions at CHOICe, respectively.

INVESTMENTS

CHOICe now manages investments in excess of ` 9,000 crores. CHOICe offers customers a range of fund options,

in respect of unit linked funds depending on their risk appetite with varied asset allocation of equity, debt and money market

investments. The traditional portfolios are managed in accordance with the regulatory asset allocation requirements.

During the financial year 2013-14, in the non unit-linked segment, CHOICe added Traditional Participating fund, Group

Superannuation and Group Traditional Benefit funds in its portfolio. CHOICe, through its prudent investment strategy,

continues with well diversified and balanced portfolios across funds, which are well positioned for long term sustainable stperformance. The assets under management (AUM) stood at ̀ 8,361 crores as on 31 March 2014.

CUSTOMER SERVICE INITIATIVES

CHOICe is committed to provide a best-in-class service experience to all its customers at various customer touch-points.

The customer servicing team strives to demonstrate excellence and ease for customers:

• Excellence:

During the year, CHOICe took steps to enhance customer satisfaction and empowered the customer service team

with conversation skills in order to improve overall customer experience on an inbound call. In a constant endeavor

to provide best-in-class services for customers, 'Academy of Customer Excellence (ACE)' program was successfully

completed. During the program, quality parameters, standard operating procedures and tele-calling scripts were modified

and updated. This training equipped the team with requisite tools to provide a consistently good experience to the

customer over an inbound call. A positive impact on customer satisfaction scores was seen as a result of this training.

• Ease:

With a view to provide hassle free service and convenience to customers, CHOICe initiated the 'missed call facility'

for existing and prospective customers. This facility provides customers with ease in accessing their policy details like

premium amount, due date fund value etc. The customer can give a missed call on the dedicated number for a call back.

Also, a direct number was introduced for non-resident customers to enable them to connect with the IVR directly

from abroad.

1716

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Directors' ReportDirectors' Report

to customers and to facilitate sales by providing adequate support through CHOICe team. On these lines, an activity based

sales model was launched, which provided a framework for the sales team to systematically move towards the defined

goals and track progress.

Similarly, Distributor Gateway (Portal) was launched with an aim to enable bank branches to have easy access to their

customer portfolio through the bank intranet. This portal empowers the bank staff to promptly respond to customer

queries and service requests, like duplicate renewal premium receipt, unit statements, etc. at the branches itself.

Additionally, a Customer Portal is already in place wherein the customer can login through the internet to view his/her

policy related details and also raise service requests.

Apart from this, in order to bring further transparency, the 'Application Tracking System' was popularized to communicate

the status of applications received by CHOICe.

A 'Product Helpline' was also created and aligned with the 'Manager Sahab' campaign for capturing queries pertaining to

the products and to offer faster resolutions to queries raised by customers through sales staff of the banks.

Sales training continued to follow an 'integrated approach' towards training and development of the sales staff across the

banks and CHOICe’s own sales support team. As a result, CHOICe conducted over 8,000 sales training and on-the-job

coaching interventions, delivered across all banks, covering close to 32,000 participants. In addition, CHOICe commenced a

unique sales training initiative named 'Conversation Selling' wherein the focus was to prepare the bank sales staff for having

friendly conversation with customers to understand their life stage needs and propose insurance policies based on their needs.

MARKETING

During the financial year 2013-14, CHOICe carried out the following key initiatives to reinforce its brand:

• Identifying key customer needs: The Company and its banks made concerted efforts to educate the customers and

extended training on focused conversation starters, to ensure that sales personnel across branches are able to have

meaningful conversation with the customers.

• Customized sales tools: To enable the bank staff to understand how the traditional plans work, CHOICe introduced

simple and easy to understand sales tools, which demonstrated the give and get in these products.

• Outdoor and print campaign: Customer education being a key objective, CHOICe focused on scaling up the print

campaign for promoting the character 'Manager Sahab'. In the outdoor space, the company had two campaigns,

once during July-August 2013 which communicated benefits of life insurance with long term savings and during

February-March 2014, creating awareness about the two participating products, which addressed the customers’

need for stable and guaranteed returns.

RISK MANAGEMENT FRAMEWORK

The effectiveness of risk management strategies and policies is fundamental to a company’s success. The risk management

practices are therefore integrated into the overall governance and routine operations across all verticals. CHOICe adopts

a set of risk management practices that are designed to support the following risk management principles and goals:

• risk management is the responsibility of every staff member

• risk management activities adequately support CHOICe’s objectives and strategies

• a consistent framework is in place to facilitate identification, assessment, management and reporting of risk

• appropriate actions are taken by senior management to manage risk in accordance with CHOICe’s risk appetite

CHOICe inculcates a culture whereby management of risks remains at the functional level as a part of day-to-day

responsibilities and where risk is seen as part of the overall business process. A robust framework of risk identification,

evaluation, monitoring and control exists. There are various internal forums to review different types of risks. Key risks are

also regularly reviewed by senior management.

Control functions like Risk Management and Compliance act as a second line of defense and are independent from business

operations, with independent reporting arrangements. This ensures that the Risk Management function is able to monitor all

risks across the various activities of business. The role of the third line of defense is performed by the Internal Audit function

that provides an independent assurance to the Board through the Audit Committee, on the functioning of internal controls.

The risk governance structure further includes a Board Risk Committee (BRC) that has the ultimate responsibility of

ensuring that an effective risk management framework, asset-liability matching and internal control systems are

implemented. The BRC also reviews effectiveness of the framework on an ongoing basis. The BRC assists the Board in

effective operation of the risk management framework, advises the Board with regard to risk management decisions in

relation to strategic and operational matters and also reports to the Board on the details of the risk exposures and the

actions taken to manage the exposures. The BRC and Audit Committee are supported by the Risk Management and the

Internal Audit functions at CHOICe, respectively.

INVESTMENTS

CHOICe now manages investments in excess of ` 9,000 crores. CHOICe offers customers a range of fund options,

in respect of unit linked funds depending on their risk appetite with varied asset allocation of equity, debt and money market

investments. The traditional portfolios are managed in accordance with the regulatory asset allocation requirements.

During the financial year 2013-14, in the non unit-linked segment, CHOICe added Traditional Participating fund, Group

Superannuation and Group Traditional Benefit funds in its portfolio. CHOICe, through its prudent investment strategy,

continues with well diversified and balanced portfolios across funds, which are well positioned for long term sustainable stperformance. The assets under management (AUM) stood at ̀ 8,361 crores as on 31 March 2014.

CUSTOMER SERVICE INITIATIVES

CHOICe is committed to provide a best-in-class service experience to all its customers at various customer touch-points.

The customer servicing team strives to demonstrate excellence and ease for customers:

• Excellence:

During the year, CHOICe took steps to enhance customer satisfaction and empowered the customer service team

with conversation skills in order to improve overall customer experience on an inbound call. In a constant endeavor

to provide best-in-class services for customers, 'Academy of Customer Excellence (ACE)' program was successfully

completed. During the program, quality parameters, standard operating procedures and tele-calling scripts were modified

and updated. This training equipped the team with requisite tools to provide a consistently good experience to the

customer over an inbound call. A positive impact on customer satisfaction scores was seen as a result of this training.

• Ease:

With a view to provide hassle free service and convenience to customers, CHOICe initiated the 'missed call facility'

for existing and prospective customers. This facility provides customers with ease in accessing their policy details like

premium amount, due date fund value etc. The customer can give a missed call on the dedicated number for a call back.

Also, a direct number was introduced for non-resident customers to enable them to connect with the IVR directly

from abroad.

1716

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

• E-term:

With the launch of E-smart online term product, a tele-assist desk was set up to assist the customers not only on the

product queries and online assistance but also help them with faster issuance by coordinating with various teams on the

requirement fulfillment. The tele-assist team bridges the gap by coordinating with the internal team and acquiring the

requirements from the customers and hence aids for smoother issuance of policies.

CLAIMS UPDATE

In line with the TCF (Treating Customer Fairly) philosophy, CHOICe further simplified the claims evaluation process.

During the financial year 2013-14, 969 death claims were intimated (both individual as well as group claims), 886 death

claims were settled & paid and 80 death claims were repudiated. Overall intimation to settlement TAT has been improved

to 46 days from 60 days (for individual claims) and 36 days from 53 days (for individual + group claims) this year.

CORPORATE SOCIAL RESPONSIBILITY

Life insurance is all about social security and protection, aimed at the well-being of families and society as a whole. CHOICe

has exhibited socially, environmentally and ethically responsible behaviour in governance of its operations and has made

positive contributions towards betterment of the society.

CHOICe focused its social efforts on two areas: financial inclusion through education and social development,

and environment.

Under financial inclusion through education and social development, CHOICe partnered with several NGOs and

organizations including Navjyoti India Foundation, Amba Foundation, Aid Et Action, GOONJ and Amitasha to support

education and skill development training of over 1,500 children, youth and women beneficiaries in a phased manner,

to bring them back in the fold of education for self-reliance.

Under the 'Green Cover' programme, employees planted 7,393 trees, across India at different educational institutions,

armed forces premises, hospitals and also partnered with GrowTrees in Sariska, Rajasthan and WWF India in their

'Adopt a Tree' initiative to promote green spaces.

For the last five years, CHOICe in partnership with WWF India has organized a cyclothon in New Delhi to spread the

'Earth Hour' message on renewable energy and recycling.

The Company also partnered with GOONJ for their award-winning programme – 'School to School', a simple concept of

turning what is not useful for one into a resource for another (books, stationery etc). The programme helped in bridging

the massive resource gap by moving resources from where they are a waste to where they are precious in a practical,

cost effective and easily replicable manner. Children in the city schools were sensitized by CHOICe employees towards

the needs of their counterparts in the villages and were motivated to contribute material. GOONJ channelized the material

in a systematic manner to remote village schools and to the schools in the slums. It encouraged and motivated the student

and staff to do their bit for the society. Apart from this CHOICe also provided 1,000 children with school kits.

CHOICe also provided relief material during the Uttarakhand floods in June 2013 which was distributed in the affected

parts of the area by GOONJ.

As part of the employee volunteering programme 'Partners in Progress', employees volunteered and engaged with the

beneficiaries of the partner NGOs through structured programmes on financial education/ literacy, career development,

market linkages, computer education and basic English language training. CHOICe clocked over 6000 man hours of CSR

employee volunteering in financial year 2013-14 with 95% employees participating in at least two initiatives and an average

7+ volunteering man-hours per employee.

HUMAN RESOURCE AND DEVELOPMENT

CHOICe has always endeavored to accomplish its long term vision of becoming the 'Employer of CHOICe' and be known

in the industry for progressive and visionary efforts at elevating the human resource development philosophy to a whole

new level with focus on growth and development of its employees.

CHOICe was adjudged amongst top 100 best companies to work for in the 'Great Places to Work' survey in India in 2014.

There is a huge focus on the talent/ succession planning by creating a talent pool to fill future roles. CHOICe endeavors to

encourage home grown talent to enable them to advance internally.

CHOICe has an excellent retention rate and demonstrates one of the highest productivity levels in the industry.

Each employee received an average of 29.67 hours of training, during the financial year 2013-14.

AUDITORS’ OBSERVATIONS

stThe directors have examined the statutory auditors’ report on financial statements for the financial year ended 31 March

2014. The auditors’ report is self explanatory and does not call for any comments under section 217 of the Companies

Act, 1956. The report carries no qualification or adverse remarks.

During the year, the Comptroller and Auditor General of India (C&AG), entrusted the supplementary audit of the

annual accounts of CHOICe for the financial year 2013-14 to the Principal Director of Commercial Audit & Ex-officio

Member Audit Board – II, New Delhi (Principal Director, New Delhi). The Principal Director, New Delhi conducted a

supplementary audit of the annual accounts during the month of June 2014.

The report of C&AG is being placed with the report of statutory auditors, elsewhere in the annual report. There are no

observations or qualifications in the report issued by C&AG.

AUDITORS

The joint statutory auditors, M/s Mukund M Chitale & Co. and M/s Sahni Natarajan and Bahl, Chartered Accountants retire

at the seventh annual general meeting (AGM).

CHOICe had approached the Comptroller and Auditor General of India (C&AG) for appointment of auditors as required

under section 139 of the Companies Act, 2013 and made an application to the office of the C&AG for appointment of

joint statutory auditors for the financial year 2014-15. The C&AG has appointed M/s K K Soni and Co. and M/s Rasool

Singhal and Co. as the joint statutory auditors of CHOICe for the financial year 2014-15.

M/s K K Soni and Co. and M/s Rasool Singhal and Co. shall hold office upto the conclusion of the eighth annual

general meeting.

CORPORATE GOVERNANCE

CHOICe has a Board approved Corporate Governance Policy which is in accordance with the IRDA Corporate

Governance guidelines (CG Guidelines). The Corporate Governance Report containing disclosures required to be

made under the CG Guidelines is attached herewith as Annexure A to the Directors’ Report. A certificate from

the Compliance Officer under the CG Guidelines certifying compliance with the guidelines is attached herewith as

Annexure B to the Directors’ Report.

Directors' ReportDirectors' Report

18 19

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

• E-term:

With the launch of E-smart online term product, a tele-assist desk was set up to assist the customers not only on the

product queries and online assistance but also help them with faster issuance by coordinating with various teams on the

requirement fulfillment. The tele-assist team bridges the gap by coordinating with the internal team and acquiring the

requirements from the customers and hence aids for smoother issuance of policies.

CLAIMS UPDATE

In line with the TCF (Treating Customer Fairly) philosophy, CHOICe further simplified the claims evaluation process.

During the financial year 2013-14, 969 death claims were intimated (both individual as well as group claims), 886 death

claims were settled & paid and 80 death claims were repudiated. Overall intimation to settlement TAT has been improved

to 46 days from 60 days (for individual claims) and 36 days from 53 days (for individual + group claims) this year.

CORPORATE SOCIAL RESPONSIBILITY

Life insurance is all about social security and protection, aimed at the well-being of families and society as a whole. CHOICe

has exhibited socially, environmentally and ethically responsible behaviour in governance of its operations and has made

positive contributions towards betterment of the society.

CHOICe focused its social efforts on two areas: financial inclusion through education and social development,

and environment.

Under financial inclusion through education and social development, CHOICe partnered with several NGOs and

organizations including Navjyoti India Foundation, Amba Foundation, Aid Et Action, GOONJ and Amitasha to support

education and skill development training of over 1,500 children, youth and women beneficiaries in a phased manner,

to bring them back in the fold of education for self-reliance.

Under the 'Green Cover' programme, employees planted 7,393 trees, across India at different educational institutions,

armed forces premises, hospitals and also partnered with GrowTrees in Sariska, Rajasthan and WWF India in their

'Adopt a Tree' initiative to promote green spaces.

For the last five years, CHOICe in partnership with WWF India has organized a cyclothon in New Delhi to spread the

'Earth Hour' message on renewable energy and recycling.

The Company also partnered with GOONJ for their award-winning programme – 'School to School', a simple concept of

turning what is not useful for one into a resource for another (books, stationery etc). The programme helped in bridging

the massive resource gap by moving resources from where they are a waste to where they are precious in a practical,

cost effective and easily replicable manner. Children in the city schools were sensitized by CHOICe employees towards

the needs of their counterparts in the villages and were motivated to contribute material. GOONJ channelized the material

in a systematic manner to remote village schools and to the schools in the slums. It encouraged and motivated the student

and staff to do their bit for the society. Apart from this CHOICe also provided 1,000 children with school kits.

CHOICe also provided relief material during the Uttarakhand floods in June 2013 which was distributed in the affected

parts of the area by GOONJ.

As part of the employee volunteering programme 'Partners in Progress', employees volunteered and engaged with the

beneficiaries of the partner NGOs through structured programmes on financial education/ literacy, career development,

market linkages, computer education and basic English language training. CHOICe clocked over 6000 man hours of CSR

employee volunteering in financial year 2013-14 with 95% employees participating in at least two initiatives and an average

7+ volunteering man-hours per employee.

HUMAN RESOURCE AND DEVELOPMENT

CHOICe has always endeavored to accomplish its long term vision of becoming the 'Employer of CHOICe' and be known

in the industry for progressive and visionary efforts at elevating the human resource development philosophy to a whole

new level with focus on growth and development of its employees.

CHOICe was adjudged amongst top 100 best companies to work for in the 'Great Places to Work' survey in India in 2014.

There is a huge focus on the talent/ succession planning by creating a talent pool to fill future roles. CHOICe endeavors to

encourage home grown talent to enable them to advance internally.

CHOICe has an excellent retention rate and demonstrates one of the highest productivity levels in the industry.

Each employee received an average of 29.67 hours of training, during the financial year 2013-14.

AUDITORS’ OBSERVATIONS

stThe directors have examined the statutory auditors’ report on financial statements for the financial year ended 31 March

2014. The auditors’ report is self explanatory and does not call for any comments under section 217 of the Companies

Act, 1956. The report carries no qualification or adverse remarks.

During the year, the Comptroller and Auditor General of India (C&AG), entrusted the supplementary audit of the

annual accounts of CHOICe for the financial year 2013-14 to the Principal Director of Commercial Audit & Ex-officio

Member Audit Board – II, New Delhi (Principal Director, New Delhi). The Principal Director, New Delhi conducted a

supplementary audit of the annual accounts during the month of June 2014.

The report of C&AG is being placed with the report of statutory auditors, elsewhere in the annual report. There are no

observations or qualifications in the report issued by C&AG.

AUDITORS

The joint statutory auditors, M/s Mukund M Chitale & Co. and M/s Sahni Natarajan and Bahl, Chartered Accountants retire

at the seventh annual general meeting (AGM).

CHOICe had approached the Comptroller and Auditor General of India (C&AG) for appointment of auditors as required

under section 139 of the Companies Act, 2013 and made an application to the office of the C&AG for appointment of

joint statutory auditors for the financial year 2014-15. The C&AG has appointed M/s K K Soni and Co. and M/s Rasool

Singhal and Co. as the joint statutory auditors of CHOICe for the financial year 2014-15.

M/s K K Soni and Co. and M/s Rasool Singhal and Co. shall hold office upto the conclusion of the eighth annual

general meeting.

CORPORATE GOVERNANCE

CHOICe has a Board approved Corporate Governance Policy which is in accordance with the IRDA Corporate

Governance guidelines (CG Guidelines). The Corporate Governance Report containing disclosures required to be

made under the CG Guidelines is attached herewith as Annexure A to the Directors’ Report. A certificate from

the Compliance Officer under the CG Guidelines certifying compliance with the guidelines is attached herewith as

Annexure B to the Directors’ Report.

Directors' ReportDirectors' Report

18 19

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

DIRECTORS

CHOICe’s Board comprises of eleven directors, with Chief Executive Officer being the only executive director.

The Chairman of the Board holds a non-executive position.

Since the last annual general meeting, Mr V S Krishna Kumar, Mr A K Bansal, Mr Bhupinder Nayyar, Mr D Kallurao and

Mr Shyamalendu Saha were appointed as additional directors on the Board. Mr A K Gupta, Mr Vikram Bansal and th rd stMr V Kannan ceased to be directors of CHOICe with effect from 20 August 2013, 3 December 2013, 31 December

2013, respectively. Ms Mythili Krishnamurthy and Mr K S S Kamath ceased to be directors of CHOICe with effect thfrom 30 April 2014.

The directors place on record their sincere appreciation for the valuable guidance and support provided by

Ms Krishnamurthy, Mr Gupta, Mr Bansal, Mr Kannan and Mr Kamath during their tenure as directors on the Board.

stMr John Holden ceased to be a Whole-time director of the Company with effect from 31 December 2013. In their thmeetings held on 8 May 2013, the Board and shareholders appointed him as additional director and simultaneously

stas Chief Executive Officer & Whole-time director of the Company with effect from 1 January 2014.

Mr Harpal Karlcut was appointed as alternate director to Mr Marcelo Teixeira for Board and Committee meetings held on th rd th th th6 November 2013, 3 & 4 February 2014 and 8 & 9 May 2014.

Mr V S Krishna Kumar, Mr Bhupinder Nayyar, Mr John Holden, Mr D Kallurao and Mr Shyamalendu Saha shall hold

office up to the date of the seventh annual general meeting (AGM). CHOICe has received notices under section 160

of the Companies Act, 2013, along with a deposit of ̀ 1,00,000 each, proposing their candidature for the office of directors.

It is proposed to appoint Mr Sid Khanna and Mr A K Bansal as independent directors under the provisions of section 149,

read with schedule IV of the Companies Act, 2013 and the applicable Rules made thereunder.

In accordance with the provisions of Companies Act, 2013 and the Articles of Association, Ms Naina Lal Kidwai retires by

rotation at the AGM and being eligible offers herself for re-appointment.

The Board of directors feels that the appointment of Mr V S Krishna Kumar, Mr Bhupinder Nayyar, Mr John Holden,

Mr D Kallurao, Mr Shyamalendu Saha and re-appointment of Ms Naina Lal Kidwai would be in the best interest of the

Company. The Board recommends their appointment/ re-appointment as directors of the Company.

The Company has received requisite disclosures and undertakings from all the directors in compliance with the provisions

of the Companies Act, 2013 and the IRDA Corporate Governance Guidelines.

PARTICULARS OF EMPLOYEES

As required under the provisions of Section 217(2A) of the Companies Act, 1956, read with Companies (Particulars of

Employees) Rules,1975 as amended from time to time, the names and other particulars of employees are set out in the

Annexure C to the Directors’ Report.

PUBLIC DEPOSITS

During the year under review, CHOICe did not accept any deposits under sections 73 and 74 of the Companies Act, 2013.

DIVIDEND

stIn view of accumulated losses, the directors are unable to recommend any dividend for the financial year ended 31 March 2014.

RESERVES

CHOICe made a profit during the financial year 2013-14 and same has been adjusted against accumulated losses.

PARTICULARS OF CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE

EARNINGS AND OUTGO

Information as required under Companies (Disclosure of Particulars in the Report of Board of Directors) Rules, 1988

is as under:

a. Conservation of energy

With regards to conservation of energy, CHOICe has taken the following initiatives:

i. Switching off unnecessary electrical points/ removal of CFL/ halogen lights in areas where natural light is sufficient in both

corporate offices.

ii. Further rationalization of regular employee transport – keeping employee safety as primary motive and optimizing

cost, more bigger vehicles have been put to use, consolidating smaller cabs, thereby resulting in fewer vehicles and

reduced diesel consumption.

iii. Waste and shredded paper is donated to GOONJ, a partner NGO, which then recycles the paper for handicraft projects.

iv. A number of tree plantation projects were undertaken during the period under review.

b. Technology absorption

During the period under review, CHOICe rolled out the following initiatives towards technology absorption:

• Integration of system - CHOICe and distributor banks

As CHOICe derives its competitive advantage by being able to reduce costs through integrating operations with

each bank, CHOICe has initiated premium payment within the banks’ core banking system to transfer new business

and renewal premiums with the capability to generate premium receipts over the counter.

• BYOD (Bring your own Device)

To increase employees’ productivity while controlling the company’s costs, CHOICe launched BYOD on handheld

devices. BYOD allows employees to bring personally owned mobile devices of their choice to the place of work and

access company resources securely such as email, applications and files using those devices. Having BYOD in place,

increases employee satisfaction and improves work performance and productivity, respecting their privacy while

keeping corporate information secure.

• Policy servicing workflow

The system was successfully launched in February 2014. Migration of manual processes is resulting in improving

the employee productivity as well as customer service turnaround times (TAT). CHOICe was awarded the Technology

Maturity Award for the policy servicing workflow system.

c. Details of foreign exchange earnings and outgo:

(` in lacs)

Current year Previous yearst st Particulars (31 March 2014) (31 March 2013)

Foreign exchange earnings and outgo

- Earnings Nil Nil

- Outgo 1,355.58 875.74

Directors' ReportDirectors' Report

20 21

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

DIRECTORS

CHOICe’s Board comprises of eleven directors, with Chief Executive Officer being the only executive director.

The Chairman of the Board holds a non-executive position.

Since the last annual general meeting, Mr V S Krishna Kumar, Mr A K Bansal, Mr Bhupinder Nayyar, Mr D Kallurao and

Mr Shyamalendu Saha were appointed as additional directors on the Board. Mr A K Gupta, Mr Vikram Bansal and th rd stMr V Kannan ceased to be directors of CHOICe with effect from 20 August 2013, 3 December 2013, 31 December

2013, respectively. Ms Mythili Krishnamurthy and Mr K S S Kamath ceased to be directors of CHOICe with effect thfrom 30 April 2014.

The directors place on record their sincere appreciation for the valuable guidance and support provided by

Ms Krishnamurthy, Mr Gupta, Mr Bansal, Mr Kannan and Mr Kamath during their tenure as directors on the Board.

stMr John Holden ceased to be a Whole-time director of the Company with effect from 31 December 2013. In their thmeetings held on 8 May 2013, the Board and shareholders appointed him as additional director and simultaneously

stas Chief Executive Officer & Whole-time director of the Company with effect from 1 January 2014.

Mr Harpal Karlcut was appointed as alternate director to Mr Marcelo Teixeira for Board and Committee meetings held on th rd th th th6 November 2013, 3 & 4 February 2014 and 8 & 9 May 2014.

Mr V S Krishna Kumar, Mr Bhupinder Nayyar, Mr John Holden, Mr D Kallurao and Mr Shyamalendu Saha shall hold

office up to the date of the seventh annual general meeting (AGM). CHOICe has received notices under section 160

of the Companies Act, 2013, along with a deposit of ̀ 1,00,000 each, proposing their candidature for the office of directors.

It is proposed to appoint Mr Sid Khanna and Mr A K Bansal as independent directors under the provisions of section 149,

read with schedule IV of the Companies Act, 2013 and the applicable Rules made thereunder.

In accordance with the provisions of Companies Act, 2013 and the Articles of Association, Ms Naina Lal Kidwai retires by

rotation at the AGM and being eligible offers herself for re-appointment.

The Board of directors feels that the appointment of Mr V S Krishna Kumar, Mr Bhupinder Nayyar, Mr John Holden,

Mr D Kallurao, Mr Shyamalendu Saha and re-appointment of Ms Naina Lal Kidwai would be in the best interest of the

Company. The Board recommends their appointment/ re-appointment as directors of the Company.

The Company has received requisite disclosures and undertakings from all the directors in compliance with the provisions

of the Companies Act, 2013 and the IRDA Corporate Governance Guidelines.

PARTICULARS OF EMPLOYEES

As required under the provisions of Section 217(2A) of the Companies Act, 1956, read with Companies (Particulars of

Employees) Rules,1975 as amended from time to time, the names and other particulars of employees are set out in the

Annexure C to the Directors’ Report.

PUBLIC DEPOSITS

During the year under review, CHOICe did not accept any deposits under sections 73 and 74 of the Companies Act, 2013.

DIVIDEND

stIn view of accumulated losses, the directors are unable to recommend any dividend for the financial year ended 31 March 2014.

RESERVES

CHOICe made a profit during the financial year 2013-14 and same has been adjusted against accumulated losses.

PARTICULARS OF CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE

EARNINGS AND OUTGO

Information as required under Companies (Disclosure of Particulars in the Report of Board of Directors) Rules, 1988

is as under:

a. Conservation of energy

With regards to conservation of energy, CHOICe has taken the following initiatives:

i. Switching off unnecessary electrical points/ removal of CFL/ halogen lights in areas where natural light is sufficient in both

corporate offices.

ii. Further rationalization of regular employee transport – keeping employee safety as primary motive and optimizing

cost, more bigger vehicles have been put to use, consolidating smaller cabs, thereby resulting in fewer vehicles and

reduced diesel consumption.

iii. Waste and shredded paper is donated to GOONJ, a partner NGO, which then recycles the paper for handicraft projects.

iv. A number of tree plantation projects were undertaken during the period under review.

b. Technology absorption

During the period under review, CHOICe rolled out the following initiatives towards technology absorption:

• Integration of system - CHOICe and distributor banks

As CHOICe derives its competitive advantage by being able to reduce costs through integrating operations with

each bank, CHOICe has initiated premium payment within the banks’ core banking system to transfer new business

and renewal premiums with the capability to generate premium receipts over the counter.

• BYOD (Bring your own Device)

To increase employees’ productivity while controlling the company’s costs, CHOICe launched BYOD on handheld

devices. BYOD allows employees to bring personally owned mobile devices of their choice to the place of work and

access company resources securely such as email, applications and files using those devices. Having BYOD in place,

increases employee satisfaction and improves work performance and productivity, respecting their privacy while

keeping corporate information secure.

• Policy servicing workflow

The system was successfully launched in February 2014. Migration of manual processes is resulting in improving

the employee productivity as well as customer service turnaround times (TAT). CHOICe was awarded the Technology

Maturity Award for the policy servicing workflow system.

c. Details of foreign exchange earnings and outgo:

(` in lacs)

Current year Previous yearst st Particulars (31 March 2014) (31 March 2013)

Foreign exchange earnings and outgo

- Earnings Nil Nil

- Outgo 1,355.58 875.74

Directors' ReportDirectors' Report

20 21

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Corporate Governance Report

CHOICe’s Corporate Governance Philosophy

Corporate Governance may be defined as a set of systems, processes and principles which ensure that a company

is governed in the best interest of all its stakeholders, internal as well as external. An efficient corporate governance

framework ensures:

• adequate disclosures and effective decision making;

• transparency in business transactions;

• adherence to statutory and legal compliance requirements;

• protection of stakeholder interests;

• commitment to values and ethical conduct of business.

CHOICe believes that corporate governance is about upholding the highest standards of integrity and transparency,

which in turn leads to enhancement of stakeholders’ interests, including those of the policyholders, shareholders,

distributors and the society at large. Enhancement of stakeholders’ interest is the key to long-term sustainable growth.

CHOICe considers the following as the main tenets of its corporate governance philosophy:

• embedding the principles of fairness and accountability in all processes and procedures;

• complying with the regulatory and legal requirements in the true spirit;

• enhancing stakeholder interests, without compromising of the ethical standards; and

• timely and relevant communication of information.

The report on corporate governance, as required under the IRDA Corporate Governance Guidelines is as follows:

I. BOARD OF DIRECTORS

The Board of directors of CHOICe is comprised as per the requirements of the Companies Act and the IRDA stCorporate Governance Guidelines (CG Guidelines). As on 31 March 2014, the Board consisted of 11 directors.

The Chairman of the Board is a non-executive director and the Chief Executive Officer is the only executive director

on Board.

The directors on the Board come from diverse backgrounds and possess a wide range of relevant experience and skills.

None of the directors of CHOICe are related to each other.

Further details on the Board of directors of CHOICe and its functioning are as follows:

sta. Composition of Board as on 31 March 2014

Annexure A

Name and position on the Board Qualifications and field of specialisation No. of directorships in other public limited companies *

Mr R K Dubey B.Sc., M.A. (English), CAIIB, LLB, 5Chairman & Non-Executive Director MBA (HR) Banking and Finance

Mr S L Bansal M.Com, CAIIB 1Non-Executive Director Banking and Finance

Directors' Report

DIRECTORS’ RESPONSIBILITY STATEMENT

The directors confirm that:

a) in the preparation of the annual accounts, the applicable accounting standards have been followed along with proper

explanation relating to material departures (if any);

b) they have selected such accounting policies and applied them consistently and made judgments and estimates that are

reasonable and prudent so as to give a true and fair view of the state of affairs of the Company at the end of the financial styear ended 31 March 2014 and of the profit of the Company for the period;

c) they have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with

the provisions of the Companies Act,1956, for safeguarding the assets of the Company and for preventing and detecting

fraud and other irregularities;

d) they have prepared the annual accounts on a going concern basis.

ACKNOWLEDGEMENT

The Board of directors would like to thank the Insurance Regulatory and Development Authority and other Regulators for

their continuous guidance and direction.

The Board is also grateful to the shareholders viz. Canara Bank, HSBC Insurance (Asia-Pacific) Holdings Limited and

Oriental Bank of Commerce for their contribution in supporting CHOICe’s strategies and business operations.

The directors would also like to thank the shareholder banks as distributors for their confidence in CHOICe’s product and

sales strategies.

The directors take this opportunity to thank all employees for their continuous hard work, dedication and commitment.

On behalf of the Board of directors

For CANARA HSBC ORIENTAL BANK OF COMMERCE LIFE INSURANCE COMPANY LIMITED

R K Dubey John HoldenChairman Chief Executive Officer DIN : 03302782 & Whole-time Director DIN : 03301957

th thDate: 13 August 2014 Date: 13 August 2014Place: New Delhi Place: New Delhi

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ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Corporate Governance Report

CHOICe’s Corporate Governance Philosophy

Corporate Governance may be defined as a set of systems, processes and principles which ensure that a company

is governed in the best interest of all its stakeholders, internal as well as external. An efficient corporate governance

framework ensures:

• adequate disclosures and effective decision making;

• transparency in business transactions;

• adherence to statutory and legal compliance requirements;

• protection of stakeholder interests;

• commitment to values and ethical conduct of business.

CHOICe believes that corporate governance is about upholding the highest standards of integrity and transparency,

which in turn leads to enhancement of stakeholders’ interests, including those of the policyholders, shareholders,

distributors and the society at large. Enhancement of stakeholders’ interest is the key to long-term sustainable growth.

CHOICe considers the following as the main tenets of its corporate governance philosophy:

• embedding the principles of fairness and accountability in all processes and procedures;

• complying with the regulatory and legal requirements in the true spirit;

• enhancing stakeholder interests, without compromising of the ethical standards; and

• timely and relevant communication of information.

The report on corporate governance, as required under the IRDA Corporate Governance Guidelines is as follows:

I. BOARD OF DIRECTORS

The Board of directors of CHOICe is comprised as per the requirements of the Companies Act and the IRDA stCorporate Governance Guidelines (CG Guidelines). As on 31 March 2014, the Board consisted of 11 directors.

The Chairman of the Board is a non-executive director and the Chief Executive Officer is the only executive director

on Board.

The directors on the Board come from diverse backgrounds and possess a wide range of relevant experience and skills.

None of the directors of CHOICe are related to each other.

Further details on the Board of directors of CHOICe and its functioning are as follows:

sta. Composition of Board as on 31 March 2014

Annexure A

Name and position on the Board Qualifications and field of specialisation No. of directorships in other public limited companies *

Mr R K Dubey B.Sc., M.A. (English), CAIIB, LLB, 5Chairman & Non-Executive Director MBA (HR) Banking and Finance

Mr S L Bansal M.Com, CAIIB 1Non-Executive Director Banking and Finance

Directors' Report

DIRECTORS’ RESPONSIBILITY STATEMENT

The directors confirm that:

a) in the preparation of the annual accounts, the applicable accounting standards have been followed along with proper

explanation relating to material departures (if any);

b) they have selected such accounting policies and applied them consistently and made judgments and estimates that are

reasonable and prudent so as to give a true and fair view of the state of affairs of the Company at the end of the financial styear ended 31 March 2014 and of the profit of the Company for the period;

c) they have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with

the provisions of the Companies Act,1956, for safeguarding the assets of the Company and for preventing and detecting

fraud and other irregularities;

d) they have prepared the annual accounts on a going concern basis.

ACKNOWLEDGEMENT

The Board of directors would like to thank the Insurance Regulatory and Development Authority and other Regulators for

their continuous guidance and direction.

The Board is also grateful to the shareholders viz. Canara Bank, HSBC Insurance (Asia-Pacific) Holdings Limited and

Oriental Bank of Commerce for their contribution in supporting CHOICe’s strategies and business operations.

The directors would also like to thank the shareholder banks as distributors for their confidence in CHOICe’s product and

sales strategies.

The directors take this opportunity to thank all employees for their continuous hard work, dedication and commitment.

On behalf of the Board of directors

For CANARA HSBC ORIENTAL BANK OF COMMERCE LIFE INSURANCE COMPANY LIMITED

R K Dubey John HoldenChairman Chief Executive Officer DIN : 03302782 & Whole-time Director DIN : 03301957

th thDate: 13 August 2014 Date: 13 August 2014Place: New Delhi Place: New Delhi

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ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Mr Marcelo Teixeira Undergraduate degree in Business and NILNon-Executive Director Public Administration from University of Brasilia Banking and Insurance

Ms Naina Lal Kidwai MBA and Bachelor degree in 1Non-Executive Director Economics Banking and Finance

Mr V S Krishna Kumar B.Sc., LLB 4Non-Executive Director Banking and HR(appointed as an additional director with

theffect from 25 September 2013)

Mr Bhupinder Nayyar M.Com, CAIIB, LL.B NILNon-Executive Director Banking (appointed as an additional director with

theffect from 20 January 2014)

Mr K S S Kamath B.Sc., CAIIB, LLB NILNon-Executive Director Banking and Finance ((ceased to be director with effect

thfrom 30 April 2014)

Ms Mythili Krishnamurthy B.Sc. and CAIIB 1Non-Executive Director Banking and Finance(ceased to be a Director with effect

thfrom 30 April 2014)

Mr A K Bansal B.Sc.(Hons) Agri., M.Sc (Agri.) and 1Independent Director CAIIB – I (appointed as an additional director with Banking and Finance

theffect from 17 December 2013)

Mr Sid Khanna CA from the Institute of Chartered 3Independent Director Accountants of England and Wales & Bachelor in Economics and Finance Finance

Mr John Holden Associate of the Chartered Institute NILChief Executive Officer & of Bankers (Banking Diploma), Whole-time Director Certificate for Financial Advisers and Advanced Certificate in Marketing Management and Practice from the Chartered Institute of Marketing Banking and Insurance

*For the purpose of calculation of no. of directorships, the directorships in private companies, section 25 companies, foreign companies and alternate directorships have been excluded.

Name and position Qualifications and field of specialisation No. of directorships in other public limited companies

Mr D Kallurao M.Sc. (Agri.) and CAIIB NILNon-Executive Director Banking(appointed as a Director with effect

thfrom 8 May 2014)

Mr Shyamalendu Saha B.Sc. (Agri.) Hons. and CAIIB NIL Non-Executive Director Banking and HR (appointed as a Director with effect

stfrom 1 July 2014)

stb. Details of Directors appointed after 31 March 2014

Name and position Date of resignation

thMs Shantha Rangaswamy 9 May 2013Non-Executive Director

thMr A K Gupta 20 August 2013Non-Executive Director

rdMr Vikram Bansal 3 December 2013Independent Director

stMr V Kannan 31 December 2013Non-Executive Director

c. Details of Director(s) who ceased to be Director(s) during Financial Year 2013-14

d. Responsibilities of the Board of Directors

CHOICe is a Board governed company and the Board is the highest authority, under whose supervision, the management

is responsible for the day-to-day operations.

The Board provides the necessary guidance and direction for the functioning of the operations of CHOICe, with a view to

protect the best interest of all stakeholders. The Board regularly reviews the progress of various aspects of the business of

CHOICe and studies the impact of changing regulatory and economic environment in order to provide the necessary

advice and strategic path. The Board is also responsible for reviewing the risk strategy of CHOICe and evaluating the risks

and related mitigants in place.

In line with the IRDA Corporate Governance Guidelines, the responsibilities of the Board of directors broadly include:

• Overall direction of the business, including projections on the capital requirements, revenue streams, expenses and

the profitability;

• Obligation to fully comply with various laws and regulations;

• Addressing conflicts of interest;

• Ensuring fair treatment of policyholders and employees;

• Ensuring information sharing with and disclosures to various stakeholders, including investors, policyholders,

employees, regulators, etc.;

• Developing a corporate culture that recognizes and rewards adherence to ethical standards.

Corporate Governance ReportCorporate Governance Report

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ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Mr Marcelo Teixeira Undergraduate degree in Business and NILNon-Executive Director Public Administration from University of Brasilia Banking and Insurance

Ms Naina Lal Kidwai MBA and Bachelor degree in 1Non-Executive Director Economics Banking and Finance

Mr V S Krishna Kumar B.Sc., LLB 4Non-Executive Director Banking and HR(appointed as an additional director with

theffect from 25 September 2013)

Mr Bhupinder Nayyar M.Com, CAIIB, LL.B NILNon-Executive Director Banking (appointed as an additional director with

theffect from 20 January 2014)

Mr K S S Kamath B.Sc., CAIIB, LLB NILNon-Executive Director Banking and Finance ((ceased to be director with effect

thfrom 30 April 2014)

Ms Mythili Krishnamurthy B.Sc. and CAIIB 1Non-Executive Director Banking and Finance(ceased to be a Director with effect

thfrom 30 April 2014)

Mr A K Bansal B.Sc.(Hons) Agri., M.Sc (Agri.) and 1Independent Director CAIIB – I (appointed as an additional director with Banking and Finance

theffect from 17 December 2013)

Mr Sid Khanna CA from the Institute of Chartered 3Independent Director Accountants of England and Wales & Bachelor in Economics and Finance Finance

Mr John Holden Associate of the Chartered Institute NILChief Executive Officer & of Bankers (Banking Diploma), Whole-time Director Certificate for Financial Advisers and Advanced Certificate in Marketing Management and Practice from the Chartered Institute of Marketing Banking and Insurance

*For the purpose of calculation of no. of directorships, the directorships in private companies, section 25 companies, foreign companies and alternate directorships have been excluded.

Name and position Qualifications and field of specialisation No. of directorships in other public limited companies

Mr D Kallurao M.Sc. (Agri.) and CAIIB NILNon-Executive Director Banking(appointed as a Director with effect

thfrom 8 May 2014)

Mr Shyamalendu Saha B.Sc. (Agri.) Hons. and CAIIB NIL Non-Executive Director Banking and HR (appointed as a Director with effect

stfrom 1 July 2014)

stb. Details of Directors appointed after 31 March 2014

Name and position Date of resignation

thMs Shantha Rangaswamy 9 May 2013Non-Executive Director

thMr A K Gupta 20 August 2013Non-Executive Director

rdMr Vikram Bansal 3 December 2013Independent Director

stMr V Kannan 31 December 2013Non-Executive Director

c. Details of Director(s) who ceased to be Director(s) during Financial Year 2013-14

d. Responsibilities of the Board of Directors

CHOICe is a Board governed company and the Board is the highest authority, under whose supervision, the management

is responsible for the day-to-day operations.

The Board provides the necessary guidance and direction for the functioning of the operations of CHOICe, with a view to

protect the best interest of all stakeholders. The Board regularly reviews the progress of various aspects of the business of

CHOICe and studies the impact of changing regulatory and economic environment in order to provide the necessary

advice and strategic path. The Board is also responsible for reviewing the risk strategy of CHOICe and evaluating the risks

and related mitigants in place.

In line with the IRDA Corporate Governance Guidelines, the responsibilities of the Board of directors broadly include:

• Overall direction of the business, including projections on the capital requirements, revenue streams, expenses and

the profitability;

• Obligation to fully comply with various laws and regulations;

• Addressing conflicts of interest;

• Ensuring fair treatment of policyholders and employees;

• Ensuring information sharing with and disclosures to various stakeholders, including investors, policyholders,

employees, regulators, etc.;

• Developing a corporate culture that recognizes and rewards adherence to ethical standards.

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e. Board meetings

During financial year 2013-14, Board meetings were held in accordance with the provisions of the Companies Act, 1956,

IRDA Corporate Governance Guidelines and Articles of Association. Four meetings were held in the year under review,

with an interval of not more than four months between two successive meetings.

The Board is provided with requisite information and detailed agenda papers for every meeting, together with necessary

supporting papers, as required. The Board papers along with detailed agenda notes are circulated to the directors well in

advance. As part of the information and agenda papers, following minimum information is provided to directors for each

meeting:

a. Minutes of the previous Board and Committee meetings

b. Financial performance review

c. Business performance against plan and strategic initiatives update

d. Regulatory updates/ disclosures and compliance status

The Board regularly invites various officials of the Company to present updates on the different aspects of the business and

operations.

Details of Board meetings

th th thDuring the financial year 2013-14, the Board meetings were held on 8 May 2013, 29 July 2013, 6 November 2013 and th4 February 2014.

The details of attendance of the directors at the Board meetings during the financial year 2013-14 are as follows:

Name of the Director No. of meetings

Held during tenure Board meetings attended

Mr R K Dubey 4 4

Mr S L Bansal 4 2

Mr Marcelo Teixeira 4 2

Ms Naina Lal Kidwai 4 4

Mr A K Gupta 2 2th(upto 20 August 2013)

Mr V S Krishna Kumar 2 2 th(from 25 September 2013)

Ms Mythili Krishnamurthy 3 3rd(from 3 June 2013)

Ms Shantha Rangaswamy 1 1th(upto 9 May 2013)

Mr V Kannan 3 3st(upto 31 December 2013)

Mr Bhupinder Nayyar 1 1th(from 20 January 2014)

Mr K S S Kamath 4 3

Mr Sid Khanna 4 2

Mr Vikram Bansal 3 1rd(upto 3 December 2013)

Mr A K Bansal 1 1th (from 17 December 2013)

Mr John Holden 4 4

Mr Harpal Karlcut(alternate director to Mr Marcelo Teixeira for the 2 2

th board meetings held on 6 November 2013 andth4 February 2014)

II. Board Committees

The Board has constituted the following committees to delegate various functions and has approved the roles and

responsibilities of each of these committees, with an objective to enable better and more focused attention on the affairs of

the business.

Mandatory Committees

a. Audit Committee

The Audit Committee is responsible for reviewing and examining the Company’s interim and annual financial statements

to ensure that these are drawn in accordance with the principles of correctness and transparency. The Committee also

reviews the auditors’ independence, effectiveness of audit process, internal financial controls and risk management systems

and internal audit investigations.

The Committee oversees financial reporting and disclosure process, procedures and processes regarding maintenance

of books of accounts and other matters having bearing on the financial position of the Company.

The Appointed Actuary also shares the valuation assumptions and brief of his annual report for each financial year with the

Audit Committee.

The Audit Committee of the Board comprises of non-executive directors with the Chairman being an independent

director as per the CG Guidelines and a chartered accountant. The Committee meets four times a year with a gap of not

more than four months between two consecutive meetings. The Chairman of the Committee also attends the annual

general meeting.

th th thDuring the year under review, the Committee met on four occasions on 8 May 2013, 29 July 2013, 6 November 2013 rdand 3 February 2014. The details of the membership of the Committee along with the attendance of the members in

these meetings are given below:

Name Position held No. of meetings

Held during tenure Attended

Mr Sid Khanna Chairman 4 2

Mr Marcelo Teixeira Member 4 2

Mr A K Gupta Member 2 2 th(upto 20 August 2013)

Mr V S Krishna Kumar Member 2 2th(from 25 September 2013)

Mr Vikram Bansal Member 3 1rd(upto 3 December 2013)

Mr A K Bansal Member 1 1th(from 17 December 2013)

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e. Board meetings

During financial year 2013-14, Board meetings were held in accordance with the provisions of the Companies Act, 1956,

IRDA Corporate Governance Guidelines and Articles of Association. Four meetings were held in the year under review,

with an interval of not more than four months between two successive meetings.

The Board is provided with requisite information and detailed agenda papers for every meeting, together with necessary

supporting papers, as required. The Board papers along with detailed agenda notes are circulated to the directors well in

advance. As part of the information and agenda papers, following minimum information is provided to directors for each

meeting:

a. Minutes of the previous Board and Committee meetings

b. Financial performance review

c. Business performance against plan and strategic initiatives update

d. Regulatory updates/ disclosures and compliance status

The Board regularly invites various officials of the Company to present updates on the different aspects of the business and

operations.

Details of Board meetings

th th thDuring the financial year 2013-14, the Board meetings were held on 8 May 2013, 29 July 2013, 6 November 2013 and th4 February 2014.

The details of attendance of the directors at the Board meetings during the financial year 2013-14 are as follows:

Name of the Director No. of meetings

Held during tenure Board meetings attended

Mr R K Dubey 4 4

Mr S L Bansal 4 2

Mr Marcelo Teixeira 4 2

Ms Naina Lal Kidwai 4 4

Mr A K Gupta 2 2th(upto 20 August 2013)

Mr V S Krishna Kumar 2 2 th(from 25 September 2013)

Ms Mythili Krishnamurthy 3 3rd(from 3 June 2013)

Ms Shantha Rangaswamy 1 1th(upto 9 May 2013)

Mr V Kannan 3 3st(upto 31 December 2013)

Mr Bhupinder Nayyar 1 1th(from 20 January 2014)

Mr K S S Kamath 4 3

Mr Sid Khanna 4 2

Mr Vikram Bansal 3 1rd(upto 3 December 2013)

Mr A K Bansal 1 1th (from 17 December 2013)

Mr John Holden 4 4

Mr Harpal Karlcut(alternate director to Mr Marcelo Teixeira for the 2 2

th board meetings held on 6 November 2013 andth4 February 2014)

II. Board Committees

The Board has constituted the following committees to delegate various functions and has approved the roles and

responsibilities of each of these committees, with an objective to enable better and more focused attention on the affairs of

the business.

Mandatory Committees

a. Audit Committee

The Audit Committee is responsible for reviewing and examining the Company’s interim and annual financial statements

to ensure that these are drawn in accordance with the principles of correctness and transparency. The Committee also

reviews the auditors’ independence, effectiveness of audit process, internal financial controls and risk management systems

and internal audit investigations.

The Committee oversees financial reporting and disclosure process, procedures and processes regarding maintenance

of books of accounts and other matters having bearing on the financial position of the Company.

The Appointed Actuary also shares the valuation assumptions and brief of his annual report for each financial year with the

Audit Committee.

The Audit Committee of the Board comprises of non-executive directors with the Chairman being an independent

director as per the CG Guidelines and a chartered accountant. The Committee meets four times a year with a gap of not

more than four months between two consecutive meetings. The Chairman of the Committee also attends the annual

general meeting.

th th thDuring the year under review, the Committee met on four occasions on 8 May 2013, 29 July 2013, 6 November 2013 rdand 3 February 2014. The details of the membership of the Committee along with the attendance of the members in

these meetings are given below:

Name Position held No. of meetings

Held during tenure Attended

Mr Sid Khanna Chairman 4 2

Mr Marcelo Teixeira Member 4 2

Mr A K Gupta Member 2 2 th(upto 20 August 2013)

Mr V S Krishna Kumar Member 2 2th(from 25 September 2013)

Mr Vikram Bansal Member 3 1rd(upto 3 December 2013)

Mr A K Bansal Member 1 1th(from 17 December 2013)

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Name Position held No. of meetings

Held during tenure Attended

Mr Marcelo Teixeira Chairman 4 2

Mr A K Gupta Member 2 2 th(upto 20 August 2013)

Mr V S Krishna Kumar Member 2 2th(from 25 September 2013)

Mr Vikram Bansal Member 3 1 rd(upto 3 December 2013)

Mr A K Bansal Member 1 1th(from 17 December 2013)

Mr John Holden Member 4 4

Mr V Kannan Member 3 3st(upto 31 December 2013)

Mr Bhupinder Nayyar Member 1 1th(from 20 January 2014)

Mr Harpal Karlcut Alternate member to Mr Marcelo 2 2 Teixeira for the Audit Committee

th meetings held on 6 November 2013 rd and 3 February 2014

b. Board Risk Committee

The objective of the Committee is to review the risks across various processes. The primary function of the Committee is

to lay down the risk management framework and the risk and reward objectives in line with shareholder and policyholder

expectations.

The Committee also reports to the Board, the details of risk exposure and mitigation actions taken thereon and advises the

Board on the risk management decisions in relation to strategic matters. The Risk Committee also acts as the Compliance

Committee and discusses the level of compliance and associated risks, if any. The Risk Committee also maintains a group-

wide and aggregated view on the risk profile of CHOICe in addition to the solo and individual risk profile.

The Committee also reviews various risk, compliance and operational policies like Underwriting Policy, Conflict of Interest

Policy, Compliance Policy, Risk Policy, Anti-fraud Policy etc. The Committee regularly discusses the various initiatives taken

in the development of products.

The terms of reference of the Risk Committee also include matters relating to asset liability management (ALM). The

Committee is responsible for reviewing the ALM strategy, monitoring of asset liability mismatch and acceptable tolerance

limits. It also reviews the solvency position of CHOICe on a regular basis.

The Chief Risk Officer of CHOICe reports directly to the Chief Executive Officer in order to maintain independence and

also has a reporting line to the Board Risk Committee. He regularly presents an update on the key risks and mitigation

strategies at every meeting of the Committee.

th th thDuring the period under review, the Committee met on four occasions on 8 May 2013, 29 July 2013, 6 November rd2013 and 3 February 2014. The details of the membership of the Committee along with the attendance of the members

in the meetings are given below:

Mr V Kannan Member 3 3st(upto 31 December 2013)

Mr Bhupinder Nayyar Member 1 1th(from 20 January 2014)

Mr Harpal Karlcut Alternate member to Mr Marcelo 2 2 Teixeira for the Board Risk Committee

th meetings held on 6 November 2013 rd and 3 February 2014

c. Investment Committee

The Investment Committee has been constituted in compliance with the IRDA Investment Regulations and comprises

of three non-executive directors, the Chief Executive Officer, Chief Investment Officer, Chief Financial Officer and the

Appointed Actuary.

The Committee is responsible for review and implementation of Investment Policy and empanelment of investment

intermediaries. The Committee is also responsible for establishing a robust investment compliance and risk management

framework to ensure that the returns are in line with the risk appetite of the funds offered by CHOICe. It also monitors

the performance of various funds in line with the established benchmarks and industry performance.

th th thDuring the period under review, the Committee met on four occasions on 8 May 2013, 29 July 2013, 6 November rd2013 and 3 February 2014. The details of the membership of the Committee along with the attendance of the members

in the meetings are given below:

Name Position held No. of meetings

Held during tenure Attended

Mr John Holden Chairman 4 4

Mr Marcelo Teixeira Member 4 2

Mr A K Gupta Member 2 2 th(upto 20 August 2013)

Mr V S Krishna Kumar Member 2 2th(from 25 September 2013)

Mr V Kannan Member 3 3st(upto 31 December 2013)

Mr Bhupinder Nayyar Member 1 1th(from 20 January 2014)

Mr Chirag Rathod Member 4 4

Mr Anuj Mathur Member 4 4

Ms Ritu Arora Member 4 4

Mr Harpal Karlcut Alternate member to Mr Marcelo 2 2 Teixeira for the Investment Committee

th meetings held on 6 November 2013 rd and 3 February 2014

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ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Name Position held No. of meetings

Held during tenure Attended

Mr Marcelo Teixeira Chairman 4 2

Mr A K Gupta Member 2 2 th(upto 20 August 2013)

Mr V S Krishna Kumar Member 2 2th(from 25 September 2013)

Mr Vikram Bansal Member 3 1 rd(upto 3 December 2013)

Mr A K Bansal Member 1 1th(from 17 December 2013)

Mr John Holden Member 4 4

Mr V Kannan Member 3 3st(upto 31 December 2013)

Mr Bhupinder Nayyar Member 1 1th(from 20 January 2014)

Mr Harpal Karlcut Alternate member to Mr Marcelo 2 2 Teixeira for the Audit Committee

th meetings held on 6 November 2013 rd and 3 February 2014

b. Board Risk Committee

The objective of the Committee is to review the risks across various processes. The primary function of the Committee is

to lay down the risk management framework and the risk and reward objectives in line with shareholder and policyholder

expectations.

The Committee also reports to the Board, the details of risk exposure and mitigation actions taken thereon and advises the

Board on the risk management decisions in relation to strategic matters. The Risk Committee also acts as the Compliance

Committee and discusses the level of compliance and associated risks, if any. The Risk Committee also maintains a group-

wide and aggregated view on the risk profile of CHOICe in addition to the solo and individual risk profile.

The Committee also reviews various risk, compliance and operational policies like Underwriting Policy, Conflict of Interest

Policy, Compliance Policy, Risk Policy, Anti-fraud Policy etc. The Committee regularly discusses the various initiatives taken

in the development of products.

The terms of reference of the Risk Committee also include matters relating to asset liability management (ALM). The

Committee is responsible for reviewing the ALM strategy, monitoring of asset liability mismatch and acceptable tolerance

limits. It also reviews the solvency position of CHOICe on a regular basis.

The Chief Risk Officer of CHOICe reports directly to the Chief Executive Officer in order to maintain independence and

also has a reporting line to the Board Risk Committee. He regularly presents an update on the key risks and mitigation

strategies at every meeting of the Committee.

th th thDuring the period under review, the Committee met on four occasions on 8 May 2013, 29 July 2013, 6 November rd2013 and 3 February 2014. The details of the membership of the Committee along with the attendance of the members

in the meetings are given below:

Mr V Kannan Member 3 3st(upto 31 December 2013)

Mr Bhupinder Nayyar Member 1 1th(from 20 January 2014)

Mr Harpal Karlcut Alternate member to Mr Marcelo 2 2 Teixeira for the Board Risk Committee

th meetings held on 6 November 2013 rd and 3 February 2014

c. Investment Committee

The Investment Committee has been constituted in compliance with the IRDA Investment Regulations and comprises

of three non-executive directors, the Chief Executive Officer, Chief Investment Officer, Chief Financial Officer and the

Appointed Actuary.

The Committee is responsible for review and implementation of Investment Policy and empanelment of investment

intermediaries. The Committee is also responsible for establishing a robust investment compliance and risk management

framework to ensure that the returns are in line with the risk appetite of the funds offered by CHOICe. It also monitors

the performance of various funds in line with the established benchmarks and industry performance.

th th thDuring the period under review, the Committee met on four occasions on 8 May 2013, 29 July 2013, 6 November rd2013 and 3 February 2014. The details of the membership of the Committee along with the attendance of the members

in the meetings are given below:

Name Position held No. of meetings

Held during tenure Attended

Mr John Holden Chairman 4 4

Mr Marcelo Teixeira Member 4 2

Mr A K Gupta Member 2 2 th(upto 20 August 2013)

Mr V S Krishna Kumar Member 2 2th(from 25 September 2013)

Mr V Kannan Member 3 3st(upto 31 December 2013)

Mr Bhupinder Nayyar Member 1 1th(from 20 January 2014)

Mr Chirag Rathod Member 4 4

Mr Anuj Mathur Member 4 4

Ms Ritu Arora Member 4 4

Mr Harpal Karlcut Alternate member to Mr Marcelo 2 2 Teixeira for the Investment Committee

th meetings held on 6 November 2013 rd and 3 February 2014

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ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

d. Policyholder Protection Committee

The Committee is responsible to make recommendations on the approach, policies, processes and mechanisms in place,

to protect the interests of its policyholders by following the philosophy of ‘Treating Customers Fairly’ and compliance

with applicable regulations. The Committee reviews the policies and processes on a periodic basis. The Committee also

ensures that proper mechanisms are in place for grievance redressal of policyholders’ complaints.

Responsibilities of the Policyholder Protection Committee include:

i. Putting in place proper procedures and effective mechanism to address complaints and grievances of policyholders

including mis-selling by intermediaries; and review the mechanism at periodic intervals.

ii. Ensure compliance with the statutory requirements as laid down in the regulatory framework.

iii. Ensure adequacy of disclosure of “material information” to the policyholders. These disclosures shall, for the present,

comply with the requirements laid down by the Authority both at the point of sale and at periodic intervals.

iv. Review the status of complaints at periodic intervals.

v. Review the status of various policyholder litigation cases pending in various forums.

th th thDuring the period under review, the Committee met on four occasions on 8 May 2013, 29 July 2013, 6 November rd2013 and 3 February 2014. The details of the membership of the Committee along with the attendance of the members

in the meetings are given below:

Name Position held No. of meetings

Held during tenure Attended

Mr Vikram Bansal Chairman 3 1 rd(upto 3 December 2013)

Mr A K Bansal Chairman 1 1th(from 17 December 2013)

Mr Marcelo Teixeira Member 4 2

Mr A K Gupta Member 2 2 th(upto 20 August 2013)

Mr V S Krishna Kumar Member 2 2th(from 25 September 2013)

Mr Sid Khanna Member 4 2

Mr John Holden Member 4 4

Mr V Kannan Member 3 3st(upto 31 December 2013)

Mr Bhupinder Nayyar Member 1 1th(from 20 January 2014)

Mr Harpal Karlcut Alternate member to Mr Marcelo 2 2 Teixeira for the Policyholder Protection Committee meetings held

th on 6 November 2013 and rd 3 February 2014

Other Committees of the Board (Non-mandatory Committees)

e. Remuneration Committee

The Committee is, inter alia, responsible for reviewing and recommending to the Board, HR policies on talent,

performance and rewards, incentive schemes and recommendation of CEO’s remuneration. The Committee is chaired

by an independent director.

th th thDuring the period under review, the Committee met on three occasions on 8 May 2013, 29 July 2013and 4 February

2014. The details of the membership of the Committee along with the attendance of the members in the meetings

are given below:

Name Position held No. of meetings

Held during tenure Attended

Mr Sid Khanna Chairman 3 1

Mr Marcelo Teixeira Member 3 2

Mr A K Gupta Member 2 2 th(upto 20 August 2013)

Mr V S Krishna Kumar Member 1 1th(from 25 September 2013)

Mr V Kannan Member 2 2st(upto 31 December 2013)

Mr Bhupinder Nayyar Member 1 1th(from 20 January 2014)

Mr Vikram Bansal Member 2 1 rd(upto 3 December 2013)

Mr A K Bansal Member 1 1th(from 17 December 2013)

Ms Naina Lal Kidwai Alternate member to Mr Marcelo 1 1 Teixeira for the Remuneration Committee meeting held on

th 4 February 2014

f. Share Allotment Committee

The Committee is responsible for allotment of shares on receipt of share application money. During the period under

review, the Committee did not meet as no capital infusion was required.

stCommittees formed after 31 March 2014

g. Corporate Social Responsibility Committee

As required under the Companies Act, 2013, CHOICe constituted a Corporate Social Responsibility (CSR) Committee on th30 April 2014.

thThe Committee met for the first time on 8 May 2014 and approved the CSR Policy. The following are the key

responsibilities of the CSR Committee:

i. formulate and recommend to the Board, a Corporate Social Responsibility Policy which shall indicate the CSR activities

to be undertaken by the Company as specified in schedule VII of the Companies Act 2013, with execution schedule

and plans.

Corporate Governance ReportCorporate Governance Report

3130

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

d. Policyholder Protection Committee

The Committee is responsible to make recommendations on the approach, policies, processes and mechanisms in place,

to protect the interests of its policyholders by following the philosophy of ‘Treating Customers Fairly’ and compliance

with applicable regulations. The Committee reviews the policies and processes on a periodic basis. The Committee also

ensures that proper mechanisms are in place for grievance redressal of policyholders’ complaints.

Responsibilities of the Policyholder Protection Committee include:

i. Putting in place proper procedures and effective mechanism to address complaints and grievances of policyholders

including mis-selling by intermediaries; and review the mechanism at periodic intervals.

ii. Ensure compliance with the statutory requirements as laid down in the regulatory framework.

iii. Ensure adequacy of disclosure of “material information” to the policyholders. These disclosures shall, for the present,

comply with the requirements laid down by the Authority both at the point of sale and at periodic intervals.

iv. Review the status of complaints at periodic intervals.

v. Review the status of various policyholder litigation cases pending in various forums.

th th thDuring the period under review, the Committee met on four occasions on 8 May 2013, 29 July 2013, 6 November rd2013 and 3 February 2014. The details of the membership of the Committee along with the attendance of the members

in the meetings are given below:

Name Position held No. of meetings

Held during tenure Attended

Mr Vikram Bansal Chairman 3 1 rd(upto 3 December 2013)

Mr A K Bansal Chairman 1 1th(from 17 December 2013)

Mr Marcelo Teixeira Member 4 2

Mr A K Gupta Member 2 2 th(upto 20 August 2013)

Mr V S Krishna Kumar Member 2 2th(from 25 September 2013)

Mr Sid Khanna Member 4 2

Mr John Holden Member 4 4

Mr V Kannan Member 3 3st(upto 31 December 2013)

Mr Bhupinder Nayyar Member 1 1th(from 20 January 2014)

Mr Harpal Karlcut Alternate member to Mr Marcelo 2 2 Teixeira for the Policyholder Protection Committee meetings held

th on 6 November 2013 and rd 3 February 2014

Other Committees of the Board (Non-mandatory Committees)

e. Remuneration Committee

The Committee is, inter alia, responsible for reviewing and recommending to the Board, HR policies on talent,

performance and rewards, incentive schemes and recommendation of CEO’s remuneration. The Committee is chaired

by an independent director.

th th thDuring the period under review, the Committee met on three occasions on 8 May 2013, 29 July 2013and 4 February

2014. The details of the membership of the Committee along with the attendance of the members in the meetings

are given below:

Name Position held No. of meetings

Held during tenure Attended

Mr Sid Khanna Chairman 3 1

Mr Marcelo Teixeira Member 3 2

Mr A K Gupta Member 2 2 th(upto 20 August 2013)

Mr V S Krishna Kumar Member 1 1th(from 25 September 2013)

Mr V Kannan Member 2 2st(upto 31 December 2013)

Mr Bhupinder Nayyar Member 1 1th(from 20 January 2014)

Mr Vikram Bansal Member 2 1 rd(upto 3 December 2013)

Mr A K Bansal Member 1 1th(from 17 December 2013)

Ms Naina Lal Kidwai Alternate member to Mr Marcelo 1 1 Teixeira for the Remuneration Committee meeting held on

th 4 February 2014

f. Share Allotment Committee

The Committee is responsible for allotment of shares on receipt of share application money. During the period under

review, the Committee did not meet as no capital infusion was required.

stCommittees formed after 31 March 2014

g. Corporate Social Responsibility Committee

As required under the Companies Act, 2013, CHOICe constituted a Corporate Social Responsibility (CSR) Committee on th30 April 2014.

thThe Committee met for the first time on 8 May 2014 and approved the CSR Policy. The following are the key

responsibilities of the CSR Committee:

i. formulate and recommend to the Board, a Corporate Social Responsibility Policy which shall indicate the CSR activities

to be undertaken by the Company as specified in schedule VII of the Companies Act 2013, with execution schedule

and plans.

Corporate Governance ReportCorporate Governance Report

3130

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Name Position held No. of meetings

Held during tenure Attended

Mr A K Bansal Chairman 1 1

Mr Marcelo Teixeira Member 1 -

Mr V S Krishna Kumar Member 1 -th(from 25 September 2013)

Mr Bhupinder Nayyar Member 1 1th(from 20 January 2014)

Mr John Holden Member 1 1

Mr Harpal Karlcut Alternate member to Mr Marcelo 1 1 Teixeira for the CSR Committee

th meeting held on 8 May 2014

Mr D Kallurao Alternate member to Mr V S Krishna 1 1 Kumar for the CSR Committee

th meeting held on 8 May 2014

ii. recommend the amount of expenditure to be incurred on CSR activities.

iii. institute a transparent monitoring process for implementation of the CSR activities or programs or projects.

iv. monitor and review the Corporate Social Responsibility Policy from time to time.

v. Ensure compliance with various regulatory and legal requirements with respect to CSR activities.

The details of the membership of the Committee along with the attendance of the members in the meeting held on th8 May 2014 are given below:

III. DETAILS OF REMUNERATION PAID TO INDEPENDENT DIRECTORS

The independent directors as per the CG Guidelines are not paid any remuneration other than sitting fees for attending

the Board and Committee meetings. The details of sitting fees paid to independent directors during the financial year

2013-14 are as follows:

Meetings Mr Sid Khanna Mr Vikram Bansal Mr A K Bansal

Board ` 40,000 ` 20,000 ` 20,000

Audit Committee ` 40,000 ` 20,000 ` 20,000

Board Risk Committee - ` 20,000 ` 20,000

Remuneration Committee ` 20,000 ` 20,000 ` 20,000

Policyholder Protection Committee ` 40,000 ` 20,000 ` 20,000

IV. OTHER GOVERNANCE FEATURES

a. Code of conduct for directors and senior management

The business of life insurance involves a fiduciary relationship between the insurance company and the life assured.

An insurer and its officials are expected to carry out the responsibilities towards policyholders with the highest levels of

integrity, transparency and commitment. Compliance with applicable laws and regulations in the true spirit is seen as a

minimum standard for achieving this objective.

To this effect, CHOICe has in place a Standard of Business Conduct, which has been approved by the Board and which

lays down a set of standards and guidelines in line with the corporate values. The directors on the Board and the senior

management certify compliance with the standards on an annual basis.

b. Investment code of conduct

As a best practice, CHOICe had in place an investment code of conduct since 2008, which was approved by the

Investment Committee. The new Investment Regulations have now mandated the investment code of conduct to be

based on the lines of SEBI Insider Trading Guidelines. Accordingly, in July 2013, the Board approved a revised version of the

Investment Code of Conduct. The code ensures that covered persons do not misuse the information available with them,

through regular disclosures and approval processes.

c. Compliance certificates

In accordance with the compliance procedures at CHOICe, the Board Risk Committee and the Board are regularly

provided with certificates confirming compliance with the various laws, regulations and internal policies and procedures for

every month. Issues, if any are highlighted and steps taken for correction are notified.

d. Whistle Blower Mechanism

The Company has a Board approved ‘Whistle Blower Policy’ which provides employees of CHOICe a mechanism to

report their genuine concerns of unethical, non-compliant or other improper act, omission or conduct on part of any

other employee, without fear of reprisal or retribution of any kind and to provide for investigation and further action

on such reports received. The identity of the whistle blower, who makes the complaint in good faith, is protected and

kept confidential.

e. Policies

CHOICe has put in place the following key Board approved policies, which are reviewed on an annual basis by the

Board/Committees:

Corporate Governance ReportCorporate Governance Report

3332

• Asset Liability Management Policy

• Anti Money Laundering Policy

• Anti-Fraud Policy

• Compliance Policy

• Risk Policy

• Conflict of Interest Policy

• Corporate Governance Policy

• Standard of Business Conduct

• Underwriting Policy

• Whistle Blower Policy

• Potentially Vulnerable Customers Policy

• Grievance Redressal Policy

• Insurance Awareness Policy

• Sales Quality Policy

On behalf of the Board of directors

For CANARA HSBC ORIENTAL BANK OF COMMERCE LIFE INSURANCE COMPANY LIMITED

R K Dubey John HoldenChairman Chief Executive Officer DIN : 03302782 & Whole-time Director DIN : 03301957

th thDate: 13 August 2014 Date: 13 August 2014Place: New Delhi Place: New Delhi

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Name Position held No. of meetings

Held during tenure Attended

Mr A K Bansal Chairman 1 1

Mr Marcelo Teixeira Member 1 -

Mr V S Krishna Kumar Member 1 -th(from 25 September 2013)

Mr Bhupinder Nayyar Member 1 1th(from 20 January 2014)

Mr John Holden Member 1 1

Mr Harpal Karlcut Alternate member to Mr Marcelo 1 1 Teixeira for the CSR Committee

th meeting held on 8 May 2014

Mr D Kallurao Alternate member to Mr V S Krishna 1 1 Kumar for the CSR Committee

th meeting held on 8 May 2014

ii. recommend the amount of expenditure to be incurred on CSR activities.

iii. institute a transparent monitoring process for implementation of the CSR activities or programs or projects.

iv. monitor and review the Corporate Social Responsibility Policy from time to time.

v. Ensure compliance with various regulatory and legal requirements with respect to CSR activities.

The details of the membership of the Committee along with the attendance of the members in the meeting held on th8 May 2014 are given below:

III. DETAILS OF REMUNERATION PAID TO INDEPENDENT DIRECTORS

The independent directors as per the CG Guidelines are not paid any remuneration other than sitting fees for attending

the Board and Committee meetings. The details of sitting fees paid to independent directors during the financial year

2013-14 are as follows:

Meetings Mr Sid Khanna Mr Vikram Bansal Mr A K Bansal

Board ` 40,000 ` 20,000 ` 20,000

Audit Committee ` 40,000 ` 20,000 ` 20,000

Board Risk Committee - ` 20,000 ` 20,000

Remuneration Committee ` 20,000 ` 20,000 ` 20,000

Policyholder Protection Committee ` 40,000 ` 20,000 ` 20,000

IV. OTHER GOVERNANCE FEATURES

a. Code of conduct for directors and senior management

The business of life insurance involves a fiduciary relationship between the insurance company and the life assured.

An insurer and its officials are expected to carry out the responsibilities towards policyholders with the highest levels of

integrity, transparency and commitment. Compliance with applicable laws and regulations in the true spirit is seen as a

minimum standard for achieving this objective.

To this effect, CHOICe has in place a Standard of Business Conduct, which has been approved by the Board and which

lays down a set of standards and guidelines in line with the corporate values. The directors on the Board and the senior

management certify compliance with the standards on an annual basis.

b. Investment code of conduct

As a best practice, CHOICe had in place an investment code of conduct since 2008, which was approved by the

Investment Committee. The new Investment Regulations have now mandated the investment code of conduct to be

based on the lines of SEBI Insider Trading Guidelines. Accordingly, in July 2013, the Board approved a revised version of the

Investment Code of Conduct. The code ensures that covered persons do not misuse the information available with them,

through regular disclosures and approval processes.

c. Compliance certificates

In accordance with the compliance procedures at CHOICe, the Board Risk Committee and the Board are regularly

provided with certificates confirming compliance with the various laws, regulations and internal policies and procedures for

every month. Issues, if any are highlighted and steps taken for correction are notified.

d. Whistle Blower Mechanism

The Company has a Board approved ‘Whistle Blower Policy’ which provides employees of CHOICe a mechanism to

report their genuine concerns of unethical, non-compliant or other improper act, omission or conduct on part of any

other employee, without fear of reprisal or retribution of any kind and to provide for investigation and further action

on such reports received. The identity of the whistle blower, who makes the complaint in good faith, is protected and

kept confidential.

e. Policies

CHOICe has put in place the following key Board approved policies, which are reviewed on an annual basis by the

Board/Committees:

Corporate Governance ReportCorporate Governance Report

3332

• Asset Liability Management Policy

• Anti Money Laundering Policy

• Anti-Fraud Policy

• Compliance Policy

• Risk Policy

• Conflict of Interest Policy

• Corporate Governance Policy

• Standard of Business Conduct

• Underwriting Policy

• Whistle Blower Policy

• Potentially Vulnerable Customers Policy

• Grievance Redressal Policy

• Insurance Awareness Policy

• Sales Quality Policy

On behalf of the Board of directors

For CANARA HSBC ORIENTAL BANK OF COMMERCE LIFE INSURANCE COMPANY LIMITED

R K Dubey John HoldenChairman Chief Executive Officer DIN : 03302782 & Whole-time Director DIN : 03301957

th thDate: 13 August 2014 Date: 13 August 2014Place: New Delhi Place: New Delhi

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Auditors’ ReportCertification for compliance of theCorporate Governance Guidelines

Annexure B

I, Anuj Mathur, hereby certify that the Company has complied with the IRDA corporate governance guidelines for

insurance companies as amended from time to time and nothing has been concealed or suppressed.

For CANARA HSBC ORIENTAL BANK OF COMMERCE LIFE INSURANCE COMPANY LIMITED

Anuj MathurCompany Secretary

thDate: 13 August 2014Place: New Delhi

MUKUND M. CHITALE & CO. SAHNI NATARAJAN AND BAHLChartered Accountants Chartered Accountants 205 Agrawal Shyamkamal A 303, Mansarovar,Vile Parle East 90 Nehru PlaceMumbai - 400057 New Delhi-110019

Independent Auditors’ Report

The Members of

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited

Report on the Financial Statements

We have audited the accompanying financial statements of Canara HSBC Oriental Bank of Commerce Life Insurance

Company Limited (“the Company”), which comprise the Balance Sheet as at March 31, 2014, the Policyholders’ Revenue

Account, the Shareholders’ Profit and Loss Account and the Receipts and Payments Account for the year then ended on the

date annexed thereto, and a summary of significant accounting policies and other explanatory information.

Management’s Responsibility for the Financial Statements

Management is responsible for the preparation of these financial statements that give a true and fair view of the financial

position, financial performance and the receipts and payments of the Company in accordance with the Insurance Act, 1938

(Act 4 of 1938), read with The Insurance Regulatory and Development Authority Act, 1999, Insurance Regulatory and

Development Authority (Preparation of Financial Statements and Auditor’s Report of Insurance Companies) Regulations

2002 (‘the IRDA Financial Statements Regulations’) and in accordance with the Accounting Standards referred to in sub-

section (3C) of Section 211 of the Companies Act, 1956 (‘the Act’), (read with the General Circular 15/2013 dated 13th

September 2013 of the Ministry of Corporate Affairs in respect of Section 133 of the Companies Act, 2013 to the extent

made applicable by IRDA). This responsibility includes the design, implementation and maintenance of internal control

relevant to the preparation and presentation of the financial statements that give a true and fair view and are free from

material misstatement, whether due to fraud or error.

Auditor’s Responsibility

Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in

accordance with the Standards on Auditing issued by the Institute of Chartered Accountants of India. Those Standards

require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about

whether the financial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial

statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material

misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor

considers internal control relevant to the Company’s preparation and fair presentation of the financial statements in order

to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on

the effectiveness of the Company’s internal control. An audit also includes evaluating the appropriateness of accounting

policies used and the reasonableness of the accounting estimates made by management, as well as evaluating the overall

presentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

Opinion

In our opinion and to the best of our information and according to the explanations given to us the financial Statements,

comprising of the Balance Sheet, the Policyholders’ Revenue Account, the Shareholders’ Profit & Loss Account and

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ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Auditors’ ReportCertification for compliance of theCorporate Governance Guidelines

Annexure B

I, Anuj Mathur, hereby certify that the Company has complied with the IRDA corporate governance guidelines for

insurance companies as amended from time to time and nothing has been concealed or suppressed.

For CANARA HSBC ORIENTAL BANK OF COMMERCE LIFE INSURANCE COMPANY LIMITED

Anuj MathurCompany Secretary

thDate: 13 August 2014Place: New Delhi

MUKUND M. CHITALE & CO. SAHNI NATARAJAN AND BAHLChartered Accountants Chartered Accountants 205 Agrawal Shyamkamal A 303, Mansarovar,Vile Parle East 90 Nehru PlaceMumbai - 400057 New Delhi-110019

Independent Auditors’ Report

The Members of

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited

Report on the Financial Statements

We have audited the accompanying financial statements of Canara HSBC Oriental Bank of Commerce Life Insurance

Company Limited (“the Company”), which comprise the Balance Sheet as at March 31, 2014, the Policyholders’ Revenue

Account, the Shareholders’ Profit and Loss Account and the Receipts and Payments Account for the year then ended on the

date annexed thereto, and a summary of significant accounting policies and other explanatory information.

Management’s Responsibility for the Financial Statements

Management is responsible for the preparation of these financial statements that give a true and fair view of the financial

position, financial performance and the receipts and payments of the Company in accordance with the Insurance Act, 1938

(Act 4 of 1938), read with The Insurance Regulatory and Development Authority Act, 1999, Insurance Regulatory and

Development Authority (Preparation of Financial Statements and Auditor’s Report of Insurance Companies) Regulations

2002 (‘the IRDA Financial Statements Regulations’) and in accordance with the Accounting Standards referred to in sub-

section (3C) of Section 211 of the Companies Act, 1956 (‘the Act’), (read with the General Circular 15/2013 dated 13th

September 2013 of the Ministry of Corporate Affairs in respect of Section 133 of the Companies Act, 2013 to the extent

made applicable by IRDA). This responsibility includes the design, implementation and maintenance of internal control

relevant to the preparation and presentation of the financial statements that give a true and fair view and are free from

material misstatement, whether due to fraud or error.

Auditor’s Responsibility

Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in

accordance with the Standards on Auditing issued by the Institute of Chartered Accountants of India. Those Standards

require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about

whether the financial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial

statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material

misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor

considers internal control relevant to the Company’s preparation and fair presentation of the financial statements in order

to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on

the effectiveness of the Company’s internal control. An audit also includes evaluating the appropriateness of accounting

policies used and the reasonableness of the accounting estimates made by management, as well as evaluating the overall

presentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

Opinion

In our opinion and to the best of our information and according to the explanations given to us the financial Statements,

comprising of the Balance Sheet, the Policyholders’ Revenue Account, the Shareholders’ Profit & Loss Account and

3534

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Auditors’ ReportAuditors’ Report

Receipts and Payments Account together with the notes thereon and annexed thereto, are prepared in accordance with

the requirements of the IRDA Financial Statements Regulations, the Insurance Act, 1938, the Insurance Regulatory and

Development Authority Act, 1999 and the Companies Act, 1956, to the extent applicable give the information so required

and in the manner so required give a true and fair view in conformity with the accounting principles generally accepted in

India as applicable to Insurance Companies.

a) In the case of the Balance Sheet, of the state of affairs of the Company as at March 31, 2014;

b) In the case of the Policyholders’ Revenue Account, of the surplus (before contribution from the shareholders’ account)

for the year ended March 31, 2014;

c) In case of the Shareholders’ Profit and Loss Account, of the profit for the year ended March 31, 2014; and

d) In the case of the Receipts and Payments Account, of the receipts and payments for the year ended March 31, 2014.

Other Matters

The actuarial valuation of liabilities for life policies in force is the responsibility of the Company’s Appointed Actuary

(the Appointed Actuary). The actuarial valuation of liabilities for policies in force and policies in respect of which premium

has been discontinued but liability exists as at 31st March, 2014 has been duly certified by the Appointed Actuary.

The Appointed Actuary has certified to the Company that the assumptions for such valuations (Refer Note “2”) are in

accordance with the guidelines and norms issued by the Insurance Regulatory and Development Authority (IRDA) and the

Institute of Actuaries of India in concurrence with the IRDA. We have relied upon the Appointed Actuary’s certificate in this

regard for forming our opinion on the financial statements of the Company.

Report on Other Legal and Regulatory Requirements

As required by The Insurance Regulatory Development Authority Act, 1999, the Insurance Regulatory and Development

Authority (Preparation of Financial Statements and Auditor’s Report of Insurance Companies) Regulations, 2002 issued

under Section 114A of the Insurance Act, 1938 read with section 227(3) of the Companies Act, 1956 we report that:

a) we have obtained all the information and explanations which to the best of our knowledge and belief were necessary

for the purpose of our audit and have found them to be satisfactory;

b) in our opinion, and to the best of our information and according to the explanations given to us, proper books of

account as required by law have been kept by the Company so far as appears from our examination of those books;

As the Company’s financial accounting system is centralized, accounting returns are not required to be submitted by

Branches and other offices of the Company for the purposes of our audit;

c) the Balance Sheet, the Policyholders’ Revenue Account, the Shareholders’ Profit and Loss Account, and the Receipts

and Payments Account dealt with by this Report are in agreement with the books of account;

d) in our opinion and to the best of our information and according to the explanations given to us Investments of the

Company have been valued in accordance with the provisions of the Insurance Act, 1938 and the Regulations and / or

orders/ directions issued by IRDA in this behalf;

e) the Balance Sheet, the Policyholders’ Revenue Account, the Shareholders’ Profit and Loss Account and the Receipts

and Payments Account dealt with this report comply with the accounting standards referred to in sub section (3C)

of section 211 of the Companies Act, 1956 read with the General Circular 15/2013 dated 13th September 2013 of

the Ministry of Corporate Affairs in respect of Section 133 of the Companies Act, 2013 and the Rules framed

thereunder to the extent they are not inconsistent with the accounting principles prescribed in the Insurance Regulatory

and Development Authority (Preparation of Financials Statements and Auditor’s Report of Insurance Companies)

Regulations, 2002 and or orders / directions issued by IRDA in this behalf.

f) In our opinion and to the best of our information and according to the explanation given to us, the accounting

policies selected by the Company are appropriate and are in compliance with applicable accounting standards

referred to in Sub-Section (3C) of Section 211 of the Companies Act, 1956 read with the General Circular 15/2013

dated 13th September 2013 of the Ministry of Corporate Affairs in respect of Section 133 of the Companies Act, 2013

to the extent applicable and with accounting principles, as prescribed in the Regulations and / or orders / directions

issued by IRDA in this behalf;

g) on the basis of written representations received from directors as on March 31, 2014 and taken on record by the Board

of Directors, none of the directors is disqualified as on March 31, 2014, from being appointed as a director in terms of

clause (g) of sub-section (1) of section 274 of the Companies Act, 1956.

As required by the IRDA Financial Statements Regulations, we have issued a separate Certificate certifying the matters

specified in paragraph 3 and 4 of Schedule C to the IRDA Financial Statements Regulations.

For Mukund M. Chitale & Co. For Sahni Natarajan and BahlChartered Accountants Chartered Accountants(Registration No.106655W) (Registration No. 002816N)

Saurabh Chitale Sudhir ChhabraPartner PartnerMembership Number: 111383 Membership Number: 083762

Place: Gurgaon Place: Gurgaonth th Date: 9 May, 2014 Date: 9 May, 2014

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ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Auditors’ ReportAuditors’ Report

Receipts and Payments Account together with the notes thereon and annexed thereto, are prepared in accordance with

the requirements of the IRDA Financial Statements Regulations, the Insurance Act, 1938, the Insurance Regulatory and

Development Authority Act, 1999 and the Companies Act, 1956, to the extent applicable give the information so required

and in the manner so required give a true and fair view in conformity with the accounting principles generally accepted in

India as applicable to Insurance Companies.

a) In the case of the Balance Sheet, of the state of affairs of the Company as at March 31, 2014;

b) In the case of the Policyholders’ Revenue Account, of the surplus (before contribution from the shareholders’ account)

for the year ended March 31, 2014;

c) In case of the Shareholders’ Profit and Loss Account, of the profit for the year ended March 31, 2014; and

d) In the case of the Receipts and Payments Account, of the receipts and payments for the year ended March 31, 2014.

Other Matters

The actuarial valuation of liabilities for life policies in force is the responsibility of the Company’s Appointed Actuary

(the Appointed Actuary). The actuarial valuation of liabilities for policies in force and policies in respect of which premium

has been discontinued but liability exists as at 31st March, 2014 has been duly certified by the Appointed Actuary.

The Appointed Actuary has certified to the Company that the assumptions for such valuations (Refer Note “2”) are in

accordance with the guidelines and norms issued by the Insurance Regulatory and Development Authority (IRDA) and the

Institute of Actuaries of India in concurrence with the IRDA. We have relied upon the Appointed Actuary’s certificate in this

regard for forming our opinion on the financial statements of the Company.

Report on Other Legal and Regulatory Requirements

As required by The Insurance Regulatory Development Authority Act, 1999, the Insurance Regulatory and Development

Authority (Preparation of Financial Statements and Auditor’s Report of Insurance Companies) Regulations, 2002 issued

under Section 114A of the Insurance Act, 1938 read with section 227(3) of the Companies Act, 1956 we report that:

a) we have obtained all the information and explanations which to the best of our knowledge and belief were necessary

for the purpose of our audit and have found them to be satisfactory;

b) in our opinion, and to the best of our information and according to the explanations given to us, proper books of

account as required by law have been kept by the Company so far as appears from our examination of those books;

As the Company’s financial accounting system is centralized, accounting returns are not required to be submitted by

Branches and other offices of the Company for the purposes of our audit;

c) the Balance Sheet, the Policyholders’ Revenue Account, the Shareholders’ Profit and Loss Account, and the Receipts

and Payments Account dealt with by this Report are in agreement with the books of account;

d) in our opinion and to the best of our information and according to the explanations given to us Investments of the

Company have been valued in accordance with the provisions of the Insurance Act, 1938 and the Regulations and / or

orders/ directions issued by IRDA in this behalf;

e) the Balance Sheet, the Policyholders’ Revenue Account, the Shareholders’ Profit and Loss Account and the Receipts

and Payments Account dealt with this report comply with the accounting standards referred to in sub section (3C)

of section 211 of the Companies Act, 1956 read with the General Circular 15/2013 dated 13th September 2013 of

the Ministry of Corporate Affairs in respect of Section 133 of the Companies Act, 2013 and the Rules framed

thereunder to the extent they are not inconsistent with the accounting principles prescribed in the Insurance Regulatory

and Development Authority (Preparation of Financials Statements and Auditor’s Report of Insurance Companies)

Regulations, 2002 and or orders / directions issued by IRDA in this behalf.

f) In our opinion and to the best of our information and according to the explanation given to us, the accounting

policies selected by the Company are appropriate and are in compliance with applicable accounting standards

referred to in Sub-Section (3C) of Section 211 of the Companies Act, 1956 read with the General Circular 15/2013

dated 13th September 2013 of the Ministry of Corporate Affairs in respect of Section 133 of the Companies Act, 2013

to the extent applicable and with accounting principles, as prescribed in the Regulations and / or orders / directions

issued by IRDA in this behalf;

g) on the basis of written representations received from directors as on March 31, 2014 and taken on record by the Board

of Directors, none of the directors is disqualified as on March 31, 2014, from being appointed as a director in terms of

clause (g) of sub-section (1) of section 274 of the Companies Act, 1956.

As required by the IRDA Financial Statements Regulations, we have issued a separate Certificate certifying the matters

specified in paragraph 3 and 4 of Schedule C to the IRDA Financial Statements Regulations.

For Mukund M. Chitale & Co. For Sahni Natarajan and BahlChartered Accountants Chartered Accountants(Registration No.106655W) (Registration No. 002816N)

Saurabh Chitale Sudhir ChhabraPartner PartnerMembership Number: 111383 Membership Number: 083762

Place: Gurgaon Place: Gurgaonth th Date: 9 May, 2014 Date: 9 May, 2014

3736

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

C&AG ReportAuditors’ Report

Independent Auditors’ Certificate

(Under Schedule C of the Insurance Regulatory and Development Authority (Preparation of Financial Statements and

Auditors’ Report of Insurance Companies) Regulations, 2002 read with the Regulation 3 of the IRDA Financial Statements

Regulations.)

In accordance with the information and explanations given to us and to the best of our knowledge and belief and based on

our examination of the books of account and other records maintained by Canara HSBC Oriental Bank of Commerce Life

Insurance Company Limited (‘the Company’) for the year ended March 31, 2014, we certify that:

st1) We have reviewed the Management Report attached to the financial statements for the year ended 31 March, 2014

and have found no apparent mistake or material inconsistency with the financial statements; and

2) Based on information and explanations received during the normal course of our audit, and management

representation and compliance certificate noted by the risk management and audit committee and submitted

to the Board by the officers of the company charged with compliance and the same being noted by the Board,

nothing has come to our attention which causes us to believe that the Company has not complied with the terms

and conditions of the Registration as per sub section 4 of section 3 of The Insurance Act, 1938;

3) We have verified the securities relating to the Company’s investments as at March 31 2014, by actual inspection or

on the basis of certificates/confirmations received from the Custodian/Depository Participants appointed by the

Company as the case may be. The Company does not have any cash balances as at March 31, 2014 and also the

Company does not have reversions and life interests as at March 31, 2014;

4) The Company is not a trustee of any trust; and

5) No Part of the assets of the Policyholders’ Funds has been directly or indirectly applied in contravention to the provisions

of the Insurance Act, 1938, relating to the application and investments of the Policyholders’ funds.

This certificate is issued to comply with Schedule C of the Insurance Regulatory and Development Authority (Preparation

of Financial Statements and Auditor’s Report of Insurance Companies) Regulations 2002, read with Regulation 3 of the

IRDA Financial Statements Regulations and may not be suitable for any other purpose.

For Mukund M. Chitale & Co. For Sahni Natarajan and BahlChartered Accountants Chartered Accountants(Registration No. 106655W) (Registration No. 002816N)

Saurabh Chitale Sudhir ChhabraPartner PartnerMembership Number:111383 Membership Number: 083762

Place: Gurgaon Place: Gurgaonth th Date: 9 May, 2014 Date: 9 May, 2014

COMMENTS OF THE COMPTROLLER AND AUDITOR GENERAL OF INDIA UNDER SECTION 619(4)

OF THE COMPANIES ACT, 1956 ON THE ACCOUNTS OF CANARA HSBC ORIENTAL BANK OF

COMMERCE LIFE INSURANCE COMPANY LIMITED FOR THE YEAR ENDED 31 MARCH 2014.

The preparation of financial statements of Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited

for the year ended 31 March 2014 in accordance with the financial reporting framework prescribed under the Insurance

Act, 1938 read with the Insurance Regulatory and Development Authority (Preparation of Financial Statements and

Auditor's Report of Insurance Companies) Regulations, 2002 and the Companies Act, 1956 is the responsibility of the

management of the Company. The Statutory Auditors appointed by the Comptroller and Auditor General of India under

Section 619(2) of the Companies Act, 1956 are responsible for expressing opinion on these financial statements under

Section 227 of the Companies Act, 1956 based on independent audit in accordance with the Standards on Auditing

prescribed by their professional body, the Institute of Chartered Accountants of India. This is stated to have been done by

them vide their Audit Report dated 09 May 2014.

I, on behalf of the Comptroller and Auditor General of India, have conducted a supplementary audit under Section

619(3)(b) of the Companies Act, 1956 of the financial statements of Canara HSBC Oriental Bank of Commerce

Life Insurance Company Limited for the year ended 31 March 2014. This supplementary audit has been carried out

independently without access to the working papers of the Statutory Auditors and is limited primarily to inquiries of

the Statutory Auditors and company personnel and a selective examination of some of the accounting records. On the

basis of my audit, nothing significant has come to my knowledge which would give rise to any comment upon or

supplement to Statutory Auditors' report under Section 619(4) of the Companies Act, 1956.

For and on behalf of theComptroller and Auditor General of India

(Suparna Deb)Principal Director of Commercial Audit

& Ex-officio Member, Audit Board-IINew Delhi

Place: New DelhiDate: 09.07.2014

3938

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

C&AG ReportAuditors’ Report

Independent Auditors’ Certificate

(Under Schedule C of the Insurance Regulatory and Development Authority (Preparation of Financial Statements and

Auditors’ Report of Insurance Companies) Regulations, 2002 read with the Regulation 3 of the IRDA Financial Statements

Regulations.)

In accordance with the information and explanations given to us and to the best of our knowledge and belief and based on

our examination of the books of account and other records maintained by Canara HSBC Oriental Bank of Commerce Life

Insurance Company Limited (‘the Company’) for the year ended March 31, 2014, we certify that:

st1) We have reviewed the Management Report attached to the financial statements for the year ended 31 March, 2014

and have found no apparent mistake or material inconsistency with the financial statements; and

2) Based on information and explanations received during the normal course of our audit, and management

representation and compliance certificate noted by the risk management and audit committee and submitted

to the Board by the officers of the company charged with compliance and the same being noted by the Board,

nothing has come to our attention which causes us to believe that the Company has not complied with the terms

and conditions of the Registration as per sub section 4 of section 3 of The Insurance Act, 1938;

3) We have verified the securities relating to the Company’s investments as at March 31 2014, by actual inspection or

on the basis of certificates/confirmations received from the Custodian/Depository Participants appointed by the

Company as the case may be. The Company does not have any cash balances as at March 31, 2014 and also the

Company does not have reversions and life interests as at March 31, 2014;

4) The Company is not a trustee of any trust; and

5) No Part of the assets of the Policyholders’ Funds has been directly or indirectly applied in contravention to the provisions

of the Insurance Act, 1938, relating to the application and investments of the Policyholders’ funds.

This certificate is issued to comply with Schedule C of the Insurance Regulatory and Development Authority (Preparation

of Financial Statements and Auditor’s Report of Insurance Companies) Regulations 2002, read with Regulation 3 of the

IRDA Financial Statements Regulations and may not be suitable for any other purpose.

For Mukund M. Chitale & Co. For Sahni Natarajan and BahlChartered Accountants Chartered Accountants(Registration No. 106655W) (Registration No. 002816N)

Saurabh Chitale Sudhir ChhabraPartner PartnerMembership Number:111383 Membership Number: 083762

Place: Gurgaon Place: Gurgaonth th Date: 9 May, 2014 Date: 9 May, 2014

COMMENTS OF THE COMPTROLLER AND AUDITOR GENERAL OF INDIA UNDER SECTION 619(4)

OF THE COMPANIES ACT, 1956 ON THE ACCOUNTS OF CANARA HSBC ORIENTAL BANK OF

COMMERCE LIFE INSURANCE COMPANY LIMITED FOR THE YEAR ENDED 31 MARCH 2014.

The preparation of financial statements of Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited

for the year ended 31 March 2014 in accordance with the financial reporting framework prescribed under the Insurance

Act, 1938 read with the Insurance Regulatory and Development Authority (Preparation of Financial Statements and

Auditor's Report of Insurance Companies) Regulations, 2002 and the Companies Act, 1956 is the responsibility of the

management of the Company. The Statutory Auditors appointed by the Comptroller and Auditor General of India under

Section 619(2) of the Companies Act, 1956 are responsible for expressing opinion on these financial statements under

Section 227 of the Companies Act, 1956 based on independent audit in accordance with the Standards on Auditing

prescribed by their professional body, the Institute of Chartered Accountants of India. This is stated to have been done by

them vide their Audit Report dated 09 May 2014.

I, on behalf of the Comptroller and Auditor General of India, have conducted a supplementary audit under Section

619(3)(b) of the Companies Act, 1956 of the financial statements of Canara HSBC Oriental Bank of Commerce

Life Insurance Company Limited for the year ended 31 March 2014. This supplementary audit has been carried out

independently without access to the working papers of the Statutory Auditors and is limited primarily to inquiries of

the Statutory Auditors and company personnel and a selective examination of some of the accounting records. On the

basis of my audit, nothing significant has come to my knowledge which would give rise to any comment upon or

supplement to Statutory Auditors' report under Section 619(4) of the Companies Act, 1956.

For and on behalf of theComptroller and Auditor General of India

(Suparna Deb)Principal Director of Commercial Audit

& Ex-officio Member, Audit Board-IINew Delhi

Place: New DelhiDate: 09.07.2014

3938

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Management ReportManagement Report

9. The Company does not have any operations outside India;

10. Average claim settlement time for last five years (since inception) along with ageing of outstanding claims as at balance

sheet date is as follows:

YearAverage claim settlement time (in days)

(Individual and group claims)

2009-10 7.3 days (paid cases)

2010-11 7.1 days (paid cases)

2011-12 6.8 days (paid cases)

2012-13 9.0 days (paid cases)

2013-14 8.8 days (paid cases)

Ageing of claims registered and not settled:

Upto 30 days 2 1 7.28 5.83 3 2 6.98 11.46

30 days to 6 months 3 0 11.38 0.00 5 0 56.00 0.00

6 months to 1 year 7 0 310.46 0.00 2 0 16.25 0.00

1 year to 5 years 3 0 38.04 0.00 1 0 21.00 0.00

5 years and above 0 0 0.00 0.00 0 0 0.00 0.00

Total 15 1 367.15 5.83 11 2 100.23 11.46

LinkedTraditional/Non-Linked

Linked Linked LinkedTraditional/Non-Linked

Traditional/Non-Linked

Traditional/Non-Linked

No. of claimsAmount involved

(` in lacs)Amount involved

(` in lacs)No. of claims

FY 2013-14 FY 2012-13

Period

Death Claims (Individual & Group)

Note – Out of 16 pending claims, 9 claims are pending for pre - existing ailment information / records, 5 claims are pending

for Viscera / toxicology report and final police investigation report and the remaining 2 claims are under litigation.

11. Valuation of Investments:

a) Shareholders’ and non-linked policyholders’ investments: Fixed income securities are considered as ‘held to

maturity’ and are accordingly stated at historical cost subject to amortisation. Investment in mutual funds and

listed equity shares are recorded at fair value. Equity shares are valued at market value based on the closing price

of the primary stock exchange [National Stock Exchange (NSE)]. In case the equity shares are not listed / not

traded on the primary stock exchange, closing price of the secondary stock exchange [Bombay Stock Exchange

(BSE)] shall be used. Mutual fund units are valued at the previous day net asset value. The difference between

the purchase price for equity shares and mutual funds and market value is shown under the ‘Fair Value Change

Account’.

In respect of discounted instruments, difference between the face value and book value is accreted over the life

of assets, on a straight line basis and accordingly these instruments are valued at accreted cost.

In accordance with the Insurance Regulatory and Development Authority (Preparation of Financial Statements and

Auditor’s Report of Insurance Companies) Regulations, 2002, the Board of Directors presents its Management Report stfor the financial year ended 31 March 2014 and hereby confirms, certifies and declares that:

1. The Certificate of Registration granted by the Insurance Regulatory and Development Authority (IRDA) to enable the

Company to transact life insurance business was valid for the financial year 2013-14 and has been renewed for the

financial year 2014-15;

2. All the dues payable to the statutory authorities have been duly paid;

3. The shareholding pattern and transfer of shares during the year are in accordance with the statutory and regulatory

requirements;

4. The Company has not directly or indirectly invested outside India the funds of the holders of policies issued during

the year;

5. The required solvency margins have been maintained during the year;

st6. The Company certifies that the values of all the assets have been reviewed as on 31 March 2014 and that in the

management’s belief the assets set forth in the Balance Sheet are shown in the aggregate at amounts not exceeding

their realisable or market value under the several headings – “loans”, “investments” (excluding fixed income securities

held in the shareholders’ account and non-linked policyholders’ account which are carried at amortised cost),

“agents balances”, “outstanding premiums”, “interest, dividends and rents outstanding”, “interest, dividends and rents

accruing but not due”, “amounts due from other persons or bodies carrying on insurance business”, “sundry debtors”,

“bills receivable”, “cash” and several items specified under “other accounts”;

7. No part of the life insurance fund has been directly or indirectly applied in contravention of the provisions of the

Insurance Act, 1938 (4 of 1938), relating to the application and investment of the life insurance funds;

8. The Company has relevant processes in place to ensure that the risks associated with significant decisions, offering

of products and services, etc are fully understood, and consistently monitored to ensure that the risk exposure is

appropriate for the returns anticipated and is consistent with the Company’s risk appetite, long-term goals and

obligations to its stakeholders.

The Company has implemented a strong corporate governance framework in line with regulatory and business

requirements. This includes independent directors on the Board, constitution of a Risk Committee and an Audit

Committee chaired by an Independent Director. The Board Risk Committee assists the Board in effective operation

of the risk management framework, advises the Board with regard to risk management decisions in relation to

strategic matters and reports to the Board on the risk exposures and the actions taken to manage exposures. The risk

management framework is based on the concept of "three lines of defense" where business/ function owners are a

part of the first line and are responsible for day to day management of risks along with their routine business activities.

The role of second line is played by functions like Risk & Compliance. The role of third line is played by Internal Audit.

Whilst the Company has been in operation for too short a time for emerging mortality experience to be credible,

the early mortality trends remain favorable as compared to expected. The Company has in place reinsurance treaties

to protect against adverse mortality experience. Further, the persistency experience compares favorably with the

industry. The Company has provided several avenues to customers to pay renewal premiums and continues to

operate a dedicated persistency team to remind customers of the importance of paying their premiums and to

collect overdue premiums. The Company also continues to maintain strict focus on asset-liability management as

sales of traditional products increase. The Company is continuously strengthening controls to appropriately address

operational risks and is also closely engaged with its distributor banks to ensure that fair and transparent sales practices

are followed. The regulatory environment continues to be uncertain and frequent changes continue to have an

impact on business. The Company continues to remain vigilant about such potential changes and is in a position to

modify the Company’s strategic plans as soon as these changes occur, to achieve its long-term targets.

In addition to this, the Company has also set up systems to monitor its experience with respect to key parameters that

affect the value of business. Such parameters include policy lapses, investment returns, claims and operating expenses;

4140

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Management ReportManagement Report

9. The Company does not have any operations outside India;

10. Average claim settlement time for last five years (since inception) along with ageing of outstanding claims as at balance

sheet date is as follows:

YearAverage claim settlement time (in days)

(Individual and group claims)

2009-10 7.3 days (paid cases)

2010-11 7.1 days (paid cases)

2011-12 6.8 days (paid cases)

2012-13 9.0 days (paid cases)

2013-14 8.8 days (paid cases)

Ageing of claims registered and not settled:

Upto 30 days 2 1 7.28 5.83 3 2 6.98 11.46

30 days to 6 months 3 0 11.38 0.00 5 0 56.00 0.00

6 months to 1 year 7 0 310.46 0.00 2 0 16.25 0.00

1 year to 5 years 3 0 38.04 0.00 1 0 21.00 0.00

5 years and above 0 0 0.00 0.00 0 0 0.00 0.00

Total 15 1 367.15 5.83 11 2 100.23 11.46

LinkedTraditional/Non-Linked

Linked Linked LinkedTraditional/Non-Linked

Traditional/Non-Linked

Traditional/Non-Linked

No. of claimsAmount involved

(` in lacs)Amount involved

(` in lacs)No. of claims

FY 2013-14 FY 2012-13

Period

Death Claims (Individual & Group)

Note – Out of 16 pending claims, 9 claims are pending for pre - existing ailment information / records, 5 claims are pending

for Viscera / toxicology report and final police investigation report and the remaining 2 claims are under litigation.

11. Valuation of Investments:

a) Shareholders’ and non-linked policyholders’ investments: Fixed income securities are considered as ‘held to

maturity’ and are accordingly stated at historical cost subject to amortisation. Investment in mutual funds and

listed equity shares are recorded at fair value. Equity shares are valued at market value based on the closing price

of the primary stock exchange [National Stock Exchange (NSE)]. In case the equity shares are not listed / not

traded on the primary stock exchange, closing price of the secondary stock exchange [Bombay Stock Exchange

(BSE)] shall be used. Mutual fund units are valued at the previous day net asset value. The difference between

the purchase price for equity shares and mutual funds and market value is shown under the ‘Fair Value Change

Account’.

In respect of discounted instruments, difference between the face value and book value is accreted over the life

of assets, on a straight line basis and accordingly these instruments are valued at accreted cost.

In accordance with the Insurance Regulatory and Development Authority (Preparation of Financial Statements and

Auditor’s Report of Insurance Companies) Regulations, 2002, the Board of Directors presents its Management Report stfor the financial year ended 31 March 2014 and hereby confirms, certifies and declares that:

1. The Certificate of Registration granted by the Insurance Regulatory and Development Authority (IRDA) to enable the

Company to transact life insurance business was valid for the financial year 2013-14 and has been renewed for the

financial year 2014-15;

2. All the dues payable to the statutory authorities have been duly paid;

3. The shareholding pattern and transfer of shares during the year are in accordance with the statutory and regulatory

requirements;

4. The Company has not directly or indirectly invested outside India the funds of the holders of policies issued during

the year;

5. The required solvency margins have been maintained during the year;

st6. The Company certifies that the values of all the assets have been reviewed as on 31 March 2014 and that in the

management’s belief the assets set forth in the Balance Sheet are shown in the aggregate at amounts not exceeding

their realisable or market value under the several headings – “loans”, “investments” (excluding fixed income securities

held in the shareholders’ account and non-linked policyholders’ account which are carried at amortised cost),

“agents balances”, “outstanding premiums”, “interest, dividends and rents outstanding”, “interest, dividends and rents

accruing but not due”, “amounts due from other persons or bodies carrying on insurance business”, “sundry debtors”,

“bills receivable”, “cash” and several items specified under “other accounts”;

7. No part of the life insurance fund has been directly or indirectly applied in contravention of the provisions of the

Insurance Act, 1938 (4 of 1938), relating to the application and investment of the life insurance funds;

8. The Company has relevant processes in place to ensure that the risks associated with significant decisions, offering

of products and services, etc are fully understood, and consistently monitored to ensure that the risk exposure is

appropriate for the returns anticipated and is consistent with the Company’s risk appetite, long-term goals and

obligations to its stakeholders.

The Company has implemented a strong corporate governance framework in line with regulatory and business

requirements. This includes independent directors on the Board, constitution of a Risk Committee and an Audit

Committee chaired by an Independent Director. The Board Risk Committee assists the Board in effective operation

of the risk management framework, advises the Board with regard to risk management decisions in relation to

strategic matters and reports to the Board on the risk exposures and the actions taken to manage exposures. The risk

management framework is based on the concept of "three lines of defense" where business/ function owners are a

part of the first line and are responsible for day to day management of risks along with their routine business activities.

The role of second line is played by functions like Risk & Compliance. The role of third line is played by Internal Audit.

Whilst the Company has been in operation for too short a time for emerging mortality experience to be credible,

the early mortality trends remain favorable as compared to expected. The Company has in place reinsurance treaties

to protect against adverse mortality experience. Further, the persistency experience compares favorably with the

industry. The Company has provided several avenues to customers to pay renewal premiums and continues to

operate a dedicated persistency team to remind customers of the importance of paying their premiums and to

collect overdue premiums. The Company also continues to maintain strict focus on asset-liability management as

sales of traditional products increase. The Company is continuously strengthening controls to appropriately address

operational risks and is also closely engaged with its distributor banks to ensure that fair and transparent sales practices

are followed. The regulatory environment continues to be uncertain and frequent changes continue to have an

impact on business. The Company continues to remain vigilant about such potential changes and is in a position to

modify the Company’s strategic plans as soon as these changes occur, to achieve its long-term targets.

In addition to this, the Company has also set up systems to monitor its experience with respect to key parameters that

affect the value of business. Such parameters include policy lapses, investment returns, claims and operating expenses;

4140

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Financials

Form A-RA Name of the Insurer: Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited Registration No. 136; Date of Registration : May 8, 2008

stREVENUE ACCOUNT FOR THE PERIOD ENDED 31 MARCH 2014

Policyholders’ Account (Technical Account)

Particulars Schedule Current Year Previous Year (` '000) (` '000)Premiums earned – net (a) Premium 1 18,058,822 19,121,466(b) Reinsurance ceded (140,024) (130,556)(c) Reinsurance accepted - - Sub Total 17,918,798 18,990,910 Income from Investments (a) Interest, Dividends and Rent – Gross 3,277,946 2,173,157 (b) Profit on sale/redemption of investments 2,153,760 1,360,509 (c) (Loss on sale/ redemption of investments) (1,687,675) (1,252,912)(d) Transfer/Gain on revaluation/change in fair value* 5,218,116 2,377,902 Sub Total 8,962,147 4,658,656 Other Income (a) Contribution from the Shareholders' A/c 1,031,986 528,953 (b) Miscellaneous Income 4,112 - Total (A) 27,917,043 24,178,519

Commission 2 369,765 550,240 Operating Expenses related to Insurance Business 3 2,633,455 2,505,308 Provision for Doubtful debts 2,641 - Bad debt to be written off 920 - Provision for Taxation - - Provisions (other than taxation) (a) For diminution in the value of investments (Net) - - (b) Others - - Total (B) 3,006,781 3,055,548 Benefits Paid (Net) 4 5,553,969 1,069,190 Interim Bonuses Paid - - Change in valuation of liability in respect of life policies (a) Gross** 18,027,809 19,537,336 (b) Amount ceded in Reinsurance - (10,258) (c) Amount accepted in Reinsurance - - Total (C) 23,581,778 20,596,268

TOTAL (B+C) 26,588,559 23,651,816

SURPLUS/DEFICIT (D)=(A)-(B)-(C) 1,328,484 526,703

APPROPRIATIONS Transfer to Shareholders’ Account 1,328,484 526,703 Transfer to Other Reserves - - Balance being Funds for Future Appropriations - -

TOTAL (D) 1,328,484 526,703

* Represents the deemed realised gain as per norms specified by the Authority** Represents Mathematical Reserves after allocation of bonus The break up of total surplus is as under: (a) Interim Bonuses Paid - - (b) Allocation of Bonus to policyholders 5,450 -(c) Surplus shown in the Revenue Account 1,328,484 526,703 (d) Total Surplus: ((a)+(b)+(c)) 1,333,934 526,703

Significant Accounting Policies and Notes to the Accounts 16

As required by Section 40 B(4) of the Insurance Act,1938 we certify that all expenses of Management in respect of life insurance business transacted in India by the Company have been fully debited to the Policyholders' Revenue Account.

Schedules referred to herein form an integral part of the Policyholders' Revenue Account

For Sahni Natarajan and Bahl For Mukund M. Chitale & Co. For and on behalf of the Board of Directors Chartered Accountants Chartered Accountants (Registration No. 002816N) (Registration No.106655W)

Sudhir Chhabra Saurabh Chitale R K Dubey Harpal Karlcut S L Bansal Partner Partner Chairman Alternate Director Director Membership no.: 083762 Membership no. : 111383 DIN : 03302782 DIN : 02000801 DIN : 02910086

Place : Gurgaon Place : Gurgaon John HoldenDate : May 09, 2014 Date : May 09, 2014 Chief Executive Officer & Whole-time Director DIN : 03301957 Chirag Rathod Anuj Mathur Appointed Actuary Chief Financial Officer & Company Secretary FCS : 5057 Place : Gurgaon Date : May 09,2014

Management Report

The market value of such investments for comparison purpose has been ascertained by applying the valuation

norms as applicable to the Unit Linked Investments (as mentioned in para 11.b).

b) Unit Linked investments: All securities are valued on a ‘mark-to-market’ basis. Equity shares are valued at

market value based on the closing price on the primary stock exchange [National Stock Exchange (NSE)].

In case the equity shares are not listed / not traded on the primary stock exchange, closing price of the

secondary stock exchange [Bombay Stock Exchange (BSE)] shall be used. Mutual fund units are valued at the

previous day net asset value. Government securities are valued at prices obtained from CRISIL and other fixed

income securities are valued at prices arrived from CRISIL Bond Valuer.

In respect of discounted instruments, difference between the face value and book value is accreted over the life

of assets, on a straight line basis and accordingly these instruments are valued at accreted cost.

The valuation basis is in accordance with the Insurance Regulatory and Development Authority (Preparation

of Financial Statements and Auditor’s Report of Insurance Companies) Regulations, 2002 and other applicable

regulations.

12. The Company has not made any investment in real estate and loans. All other investments are performing

investments.

13. The management hereby certifies that:

a) in the preparation of financial statements, the applicable accounting standards, principles and policies have been

followed along with proper explanations relating to material departures, if any;

b) the management has adopted accounting policies and applied them consistently and made judgements and

estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company

at the end of the financial year and of the operating profit or loss and of the profit or loss of the Company for the

year;

c) the management has taken proper and sufficient care for the maintenance of adequate accounting records

in accordance with the applicable provisions of the Insurance Act, 1938 (4 of 1938)/ Companies Act, 1956

(1of 1956)/ Companies Act, 2013 (18 of 2013) to the extent applicable, for safeguarding the assets of the

company and for preventing and detecting fraud and other irregularities;

d) the management has prepared the financial statements on a going concern basis;

e) the management has ensured that an internal audit system commensurate with the size and nature of the

business exists and is operating effectively.

14. A schedule of payments which have been made to individuals, firms, companies and organisations in which directors

of the Company are interested is annexed herewith.

For Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited

R K Dubey Harpal Karlcut S L BansalChairman Alternate Director Director(DIN : 03302782) (DIN : 02000801) (DIN : 02910086)

John Holden Chirag Rathod Anuj MathurChief Executive Officer & Appointed Actuary Chief Financial Officer &Whole-time Director Company Secretary(DIN : 03301957) (FCS : 5057)

Place: GurgaonDate: May 09,2014

4342

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Financials

Form A-RA Name of the Insurer: Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited Registration No. 136; Date of Registration : May 8, 2008

stREVENUE ACCOUNT FOR THE PERIOD ENDED 31 MARCH 2014

Policyholders’ Account (Technical Account)

Particulars Schedule Current Year Previous Year (` '000) (` '000)Premiums earned – net (a) Premium 1 18,058,822 19,121,466(b) Reinsurance ceded (140,024) (130,556)(c) Reinsurance accepted - - Sub Total 17,918,798 18,990,910 Income from Investments (a) Interest, Dividends and Rent – Gross 3,277,946 2,173,157 (b) Profit on sale/redemption of investments 2,153,760 1,360,509 (c) (Loss on sale/ redemption of investments) (1,687,675) (1,252,912)(d) Transfer/Gain on revaluation/change in fair value* 5,218,116 2,377,902 Sub Total 8,962,147 4,658,656 Other Income (a) Contribution from the Shareholders' A/c 1,031,986 528,953 (b) Miscellaneous Income 4,112 - Total (A) 27,917,043 24,178,519

Commission 2 369,765 550,240 Operating Expenses related to Insurance Business 3 2,633,455 2,505,308 Provision for Doubtful debts 2,641 - Bad debt to be written off 920 - Provision for Taxation - - Provisions (other than taxation) (a) For diminution in the value of investments (Net) - - (b) Others - - Total (B) 3,006,781 3,055,548 Benefits Paid (Net) 4 5,553,969 1,069,190 Interim Bonuses Paid - - Change in valuation of liability in respect of life policies (a) Gross** 18,027,809 19,537,336 (b) Amount ceded in Reinsurance - (10,258) (c) Amount accepted in Reinsurance - - Total (C) 23,581,778 20,596,268

TOTAL (B+C) 26,588,559 23,651,816

SURPLUS/DEFICIT (D)=(A)-(B)-(C) 1,328,484 526,703

APPROPRIATIONS Transfer to Shareholders’ Account 1,328,484 526,703 Transfer to Other Reserves - - Balance being Funds for Future Appropriations - -

TOTAL (D) 1,328,484 526,703

* Represents the deemed realised gain as per norms specified by the Authority** Represents Mathematical Reserves after allocation of bonus The break up of total surplus is as under: (a) Interim Bonuses Paid - - (b) Allocation of Bonus to policyholders 5,450 -(c) Surplus shown in the Revenue Account 1,328,484 526,703 (d) Total Surplus: ((a)+(b)+(c)) 1,333,934 526,703

Significant Accounting Policies and Notes to the Accounts 16

As required by Section 40 B(4) of the Insurance Act,1938 we certify that all expenses of Management in respect of life insurance business transacted in India by the Company have been fully debited to the Policyholders' Revenue Account.

Schedules referred to herein form an integral part of the Policyholders' Revenue Account

For Sahni Natarajan and Bahl For Mukund M. Chitale & Co. For and on behalf of the Board of Directors Chartered Accountants Chartered Accountants (Registration No. 002816N) (Registration No.106655W)

Sudhir Chhabra Saurabh Chitale R K Dubey Harpal Karlcut S L Bansal Partner Partner Chairman Alternate Director Director Membership no.: 083762 Membership no. : 111383 DIN : 03302782 DIN : 02000801 DIN : 02910086

Place : Gurgaon Place : Gurgaon John HoldenDate : May 09, 2014 Date : May 09, 2014 Chief Executive Officer & Whole-time Director DIN : 03301957 Chirag Rathod Anuj Mathur Appointed Actuary Chief Financial Officer & Company Secretary FCS : 5057 Place : Gurgaon Date : May 09,2014

Management Report

The market value of such investments for comparison purpose has been ascertained by applying the valuation

norms as applicable to the Unit Linked Investments (as mentioned in para 11.b).

b) Unit Linked investments: All securities are valued on a ‘mark-to-market’ basis. Equity shares are valued at

market value based on the closing price on the primary stock exchange [National Stock Exchange (NSE)].

In case the equity shares are not listed / not traded on the primary stock exchange, closing price of the

secondary stock exchange [Bombay Stock Exchange (BSE)] shall be used. Mutual fund units are valued at the

previous day net asset value. Government securities are valued at prices obtained from CRISIL and other fixed

income securities are valued at prices arrived from CRISIL Bond Valuer.

In respect of discounted instruments, difference between the face value and book value is accreted over the life

of assets, on a straight line basis and accordingly these instruments are valued at accreted cost.

The valuation basis is in accordance with the Insurance Regulatory and Development Authority (Preparation

of Financial Statements and Auditor’s Report of Insurance Companies) Regulations, 2002 and other applicable

regulations.

12. The Company has not made any investment in real estate and loans. All other investments are performing

investments.

13. The management hereby certifies that:

a) in the preparation of financial statements, the applicable accounting standards, principles and policies have been

followed along with proper explanations relating to material departures, if any;

b) the management has adopted accounting policies and applied them consistently and made judgements and

estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company

at the end of the financial year and of the operating profit or loss and of the profit or loss of the Company for the

year;

c) the management has taken proper and sufficient care for the maintenance of adequate accounting records

in accordance with the applicable provisions of the Insurance Act, 1938 (4 of 1938)/ Companies Act, 1956

(1of 1956)/ Companies Act, 2013 (18 of 2013) to the extent applicable, for safeguarding the assets of the

company and for preventing and detecting fraud and other irregularities;

d) the management has prepared the financial statements on a going concern basis;

e) the management has ensured that an internal audit system commensurate with the size and nature of the

business exists and is operating effectively.

14. A schedule of payments which have been made to individuals, firms, companies and organisations in which directors

of the Company are interested is annexed herewith.

For Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited

R K Dubey Harpal Karlcut S L BansalChairman Alternate Director Director(DIN : 03302782) (DIN : 02000801) (DIN : 02910086)

John Holden Chirag Rathod Anuj MathurChief Executive Officer & Appointed Actuary Chief Financial Officer &Whole-time Director Company Secretary(DIN : 03301957) (FCS : 5057)

Place: GurgaonDate: May 09,2014

4342

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Form A-PL Name of the Insurer: Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited Registration No. 136; Date of Registration : May 8, 2008

stPROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 MARCH 2014

Shareholders’ Account (Non-technical Account)

Particulars Schedule Current Year Previous Year (` '000) (` '000)Amount transferred from Policyholders Account (Technical Account) Linked Non Participating - Life 939,478 526,703 Linked Non Participating - Pension 389,006 - Non Linked Non Participating - Pension - - Non Linked Non Participating - Life - - Non Linked Variable - Life - - Non Linked Variable - Pension - - Non Linked Participating - Life - -

Income From Investments (a) Interest, Dividends and Rent – Gross 326,270 217,803 (b) Profit on sale/redemption of investments 48,045 31,986 (c) (Loss on sale/ redemption of investments) (5,906) (6,837)Other Income 1,278 3,558 TOTAL (A) 1,698,171 773,213

Expense other than those directly related to the insurance business 3A 4,236 9,289 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) Linked Non Participating - Life - - Linked Non Participating - Pension - 57,859 Non Linked Non Participating - Pension 89,801 35,755 Non Linked Non Participating - Life 488,176 435,339 Non Linked Variable - Life 17,857 - Non Linked Variable - Pension 1,623 - Non Linked Participating - Life 434,529 - TOTAL (B) 1,036,222 538,242

Profit/(Loss) before tax 661,949 234,971 Provision for Taxation - - Profit /(Loss) after tax 661,949 234,971

APPROPRIATIONS(a) Balance at the beginning of the year (7,339,856) (7,574,827)(b) Interim dividends paid during the year - - (c) Proposed final dividend - - (d) Dividend distribution on tax - -(e) Transfer to reserves/ other accounts - - Profit/(Loss) carried forward to the Balance Sheet (6,677,907) (7,339,856)

Earnings per equity share Weighted average number of equity shares outstanding 950,000,000 916,712,329 Basic and diluted earnings per equity share (In absolute ̀ ) 0.70 0.26

Significant Accounting Policies and Notes to the Accounts 16

Schedules referred to herein form an integral part of the Shareholders' Account

For Sahni Natarajan and Bahl For Mukund M. Chitale & Co. For and on behalf of the Board of Directors Chartered Accountants Chartered Accountants (Registration No. 002816N) (Registration No.106655W)

Sudhir Chhabra Saurabh Chitale R K Dubey Harpal Karlcut S L Bansal Partner Partner Chairman Alternate Director Director Membership no.: 083762 Membership no. : 111383 DIN : 03302782 DIN : 02000801 DIN : 02910086

Place : Gurgaon Place : Gurgaon John HoldenDate : May 09, 2014 Date : May 09, 2014 Chief Executive Officer & Whole-time Director DIN : 03301957

Chirag Rathod Anuj Mathur Appointed Actuary Chief Financial Officer & Company Secretary FCS : 5057

Place : Gurgaon Date : May 09,2014

Form A-BSName of the Insurer: Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited Registration No. 136; Date of Registration : May 8, 2008

stBALANCE SHEET AS AT 31 MARCH 2014

Particulars Schedule As at Mar 31, 2014 As at Mar 31, 2013 (` '000) (` '000) SOURCES OF FUNDS SHAREHOLDERS’ FUNDS: Share Capital 5 9,500,000 9,500,000 Reserves and Surplus 6 1,250,000 1,250,000Credit/(Debit) Fair Value Change Account (Net) 207 1,004Sub-Total 10,750,207 10,751,004

BORROWINGS 7 - - POLICYHOLDERS’ FUNDS: Credit/(Debit) Fair Value Change Account (Net) 202 91 Policy Liabilities Linked Non Participating - Life 700,181 796,552 Linked Non Participating - Pension 4,926 290,423 Non Linked Non Participating - Pension 4,551,703 3,225,267 Non Linked Non Participating - Life 9,354,379 5,941,717 Non Linked Variable - Life 230,316 - Non Linked Variable - Pension 21,097 - Non Linked Participating - Life 614,642 -

Insurance Reserves Provision for Linked Liabilities Linked Non Participating - Life 49,677,940 44,279,135 Linked Non Participating - Pension 1,936,453 2,074,981 Add: Credit/(Debit) Fair Value Change Account (net) 7,867,233 2,649,117 Provision for Linked Liabilities 59,481,626 49,003,233 Funds for Discontinued Polices Discontinued on account of non-payment of premium 3,563,326 1,413,749 Others 399,748 223,194

Sub-Total 78,922,146 60,894,226Funds for Future Appropriation - -TOTAL 89,672,353 71,645,230

APPLICATION OF FUNDS INVESTMENTS Shareholders’ 8 4,557,897 4,336,181Policyholders’ 8A 15,602,939 9,198,966 Assets held to cover linked liabilities 8B 63,444,700 50,640,177 LOANS 9 - -

FIXED ASSETS 10 132,370 137,250

CURRENT ASSETS Cash and Bank Balances 11 491,275 1,253,688 Advances and Other Assets 12 1,734,094 1,832,034 Sub-Total (A) 2,225,369 3,085,722

CURRENT LIABILITIES 13 2,955,159 3,088,352 PROVISIONS 14 13,670 4,570

Sub-Total (B) 2,968,829 3,092,922

NET CURRENT ASSETS (C) = (A – B) (743,460) (7,200)

MISCELLANEOUS EXPENDITURE (to the extent not written off or adjusted) 15 - -

DEBIT BALANCE IN PROFIT AND LOSS ACCOUNT (Shareholders’ Account) 6,677,907 7,339,856 TOTAL 89,672,353 71,645,230

Significant Accounting Policies and Notes to the Accounts 16

Schedules referred to herein form an integral part of the Balance Sheet

As per our report of even date

For Sahni Natarajan and Bahl For Mukund M. Chitale & Co. For and on behalf of the Board of Directors Chartered Accountants Chartered Accountants (Registration No. 002816N) (Registration No.106655W)

Sudhir Chhabra Saurabh Chitale R K Dubey Harpal Karlcut S L Bansal Partner Partner Chairman Alternate Director Director Membership no.: 083762 Membership no. : 111383 DIN : 03302782 DIN : 02000801 DIN : 02910086

Place : Gurgaon Place : Gurgaon John HoldenDate : May 09, 2014 Date : May 09, 2014 Chief Executive Officer & Whole-time Director DIN : 03301957 Chirag Rathod Anuj Mathur Appointed Actuary Chief Financial Officer & Company Secretary FCS : 5057 Place : Gurgaon Date : May 09,2014

FinancialsFinancials

4544

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Form A-PL Name of the Insurer: Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited Registration No. 136; Date of Registration : May 8, 2008

stPROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 MARCH 2014

Shareholders’ Account (Non-technical Account)

Particulars Schedule Current Year Previous Year (` '000) (` '000)Amount transferred from Policyholders Account (Technical Account) Linked Non Participating - Life 939,478 526,703 Linked Non Participating - Pension 389,006 - Non Linked Non Participating - Pension - - Non Linked Non Participating - Life - - Non Linked Variable - Life - - Non Linked Variable - Pension - - Non Linked Participating - Life - -

Income From Investments (a) Interest, Dividends and Rent – Gross 326,270 217,803 (b) Profit on sale/redemption of investments 48,045 31,986 (c) (Loss on sale/ redemption of investments) (5,906) (6,837)Other Income 1,278 3,558 TOTAL (A) 1,698,171 773,213

Expense other than those directly related to the insurance business 3A 4,236 9,289 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) Linked Non Participating - Life - - Linked Non Participating - Pension - 57,859 Non Linked Non Participating - Pension 89,801 35,755 Non Linked Non Participating - Life 488,176 435,339 Non Linked Variable - Life 17,857 - Non Linked Variable - Pension 1,623 - Non Linked Participating - Life 434,529 - TOTAL (B) 1,036,222 538,242

Profit/(Loss) before tax 661,949 234,971 Provision for Taxation - - Profit /(Loss) after tax 661,949 234,971

APPROPRIATIONS(a) Balance at the beginning of the year (7,339,856) (7,574,827)(b) Interim dividends paid during the year - - (c) Proposed final dividend - - (d) Dividend distribution on tax - -(e) Transfer to reserves/ other accounts - - Profit/(Loss) carried forward to the Balance Sheet (6,677,907) (7,339,856)

Earnings per equity share Weighted average number of equity shares outstanding 950,000,000 916,712,329 Basic and diluted earnings per equity share (In absolute ̀ ) 0.70 0.26

Significant Accounting Policies and Notes to the Accounts 16

Schedules referred to herein form an integral part of the Shareholders' Account

For Sahni Natarajan and Bahl For Mukund M. Chitale & Co. For and on behalf of the Board of Directors Chartered Accountants Chartered Accountants (Registration No. 002816N) (Registration No.106655W)

Sudhir Chhabra Saurabh Chitale R K Dubey Harpal Karlcut S L Bansal Partner Partner Chairman Alternate Director Director Membership no.: 083762 Membership no. : 111383 DIN : 03302782 DIN : 02000801 DIN : 02910086

Place : Gurgaon Place : Gurgaon John HoldenDate : May 09, 2014 Date : May 09, 2014 Chief Executive Officer & Whole-time Director DIN : 03301957

Chirag Rathod Anuj Mathur Appointed Actuary Chief Financial Officer & Company Secretary FCS : 5057

Place : Gurgaon Date : May 09,2014

Form A-BSName of the Insurer: Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited Registration No. 136; Date of Registration : May 8, 2008

stBALANCE SHEET AS AT 31 MARCH 2014

Particulars Schedule As at Mar 31, 2014 As at Mar 31, 2013 (` '000) (` '000) SOURCES OF FUNDS SHAREHOLDERS’ FUNDS: Share Capital 5 9,500,000 9,500,000 Reserves and Surplus 6 1,250,000 1,250,000Credit/(Debit) Fair Value Change Account (Net) 207 1,004Sub-Total 10,750,207 10,751,004

BORROWINGS 7 - - POLICYHOLDERS’ FUNDS: Credit/(Debit) Fair Value Change Account (Net) 202 91 Policy Liabilities Linked Non Participating - Life 700,181 796,552 Linked Non Participating - Pension 4,926 290,423 Non Linked Non Participating - Pension 4,551,703 3,225,267 Non Linked Non Participating - Life 9,354,379 5,941,717 Non Linked Variable - Life 230,316 - Non Linked Variable - Pension 21,097 - Non Linked Participating - Life 614,642 -

Insurance Reserves Provision for Linked Liabilities Linked Non Participating - Life 49,677,940 44,279,135 Linked Non Participating - Pension 1,936,453 2,074,981 Add: Credit/(Debit) Fair Value Change Account (net) 7,867,233 2,649,117 Provision for Linked Liabilities 59,481,626 49,003,233 Funds for Discontinued Polices Discontinued on account of non-payment of premium 3,563,326 1,413,749 Others 399,748 223,194

Sub-Total 78,922,146 60,894,226Funds for Future Appropriation - -TOTAL 89,672,353 71,645,230

APPLICATION OF FUNDS INVESTMENTS Shareholders’ 8 4,557,897 4,336,181Policyholders’ 8A 15,602,939 9,198,966 Assets held to cover linked liabilities 8B 63,444,700 50,640,177 LOANS 9 - -

FIXED ASSETS 10 132,370 137,250

CURRENT ASSETS Cash and Bank Balances 11 491,275 1,253,688 Advances and Other Assets 12 1,734,094 1,832,034 Sub-Total (A) 2,225,369 3,085,722

CURRENT LIABILITIES 13 2,955,159 3,088,352 PROVISIONS 14 13,670 4,570

Sub-Total (B) 2,968,829 3,092,922

NET CURRENT ASSETS (C) = (A – B) (743,460) (7,200)

MISCELLANEOUS EXPENDITURE (to the extent not written off or adjusted) 15 - -

DEBIT BALANCE IN PROFIT AND LOSS ACCOUNT (Shareholders’ Account) 6,677,907 7,339,856 TOTAL 89,672,353 71,645,230

Significant Accounting Policies and Notes to the Accounts 16

Schedules referred to herein form an integral part of the Balance Sheet

As per our report of even date

For Sahni Natarajan and Bahl For Mukund M. Chitale & Co. For and on behalf of the Board of Directors Chartered Accountants Chartered Accountants (Registration No. 002816N) (Registration No.106655W)

Sudhir Chhabra Saurabh Chitale R K Dubey Harpal Karlcut S L Bansal Partner Partner Chairman Alternate Director Director Membership no.: 083762 Membership no. : 111383 DIN : 03302782 DIN : 02000801 DIN : 02910086

Place : Gurgaon Place : Gurgaon John HoldenDate : May 09, 2014 Date : May 09, 2014 Chief Executive Officer & Whole-time Director DIN : 03301957 Chirag Rathod Anuj Mathur Appointed Actuary Chief Financial Officer & Company Secretary FCS : 5057 Place : Gurgaon Date : May 09,2014

FinancialsFinancials

4544

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited

Schedules forming part of the financial statements for the year ended March 31, 2014

SCHEDULE – 1

PREMIUM

Particulars Current Year Previous Year (` '000) (` '000)

First year premiums 5,830,538 5,951,197

Renewal premiums 12,031,952 13,054,265

Single premiums 196,332 116,004

TOTAL PREMIUM 18,058,822 19,121,466

Premium Income from business written :

In India 18,058,822 19,121,466

Outside India - -

TOTAL PREMIUM 18,058,822 19,121,466

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited

Schedules forming part of the financial statements for the year ended March 31, 2014

SCHEDULE – 2

COMMISSION EXPENSES

Particulars Current Year Previous Year (` '000) (` '000)

Commission paid

Direct - First year premiums 242,720 419,104

- Renewal premiums 124,532 128,948

- Single premiums 2,513 2,188

Total (A) 369,765 550,240

Add : Commission on Re-insurance Accepted - -

Less : Commission on Re-insurance Ceded - -

Net Commission 369,765 550,240

Break Up of the expenses (Gross) incurred to procure business:

Agents - -

Brokers 129 106

Corporate Agency 369,636 550,134

Referral - -

Total (B) 369,765 550,240

FinancialsFinancials

4746

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited

Schedules forming part of the financial statements for the year ended March 31, 2014

SCHEDULE – 1

PREMIUM

Particulars Current Year Previous Year (` '000) (` '000)

First year premiums 5,830,538 5,951,197

Renewal premiums 12,031,952 13,054,265

Single premiums 196,332 116,004

TOTAL PREMIUM 18,058,822 19,121,466

Premium Income from business written :

In India 18,058,822 19,121,466

Outside India - -

TOTAL PREMIUM 18,058,822 19,121,466

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited

Schedules forming part of the financial statements for the year ended March 31, 2014

SCHEDULE – 2

COMMISSION EXPENSES

Particulars Current Year Previous Year (` '000) (` '000)

Commission paid

Direct - First year premiums 242,720 419,104

- Renewal premiums 124,532 128,948

- Single premiums 2,513 2,188

Total (A) 369,765 550,240

Add : Commission on Re-insurance Accepted - -

Less : Commission on Re-insurance Ceded - -

Net Commission 369,765 550,240

Break Up of the expenses (Gross) incurred to procure business:

Agents - -

Brokers 129 106

Corporate Agency 369,636 550,134

Referral - -

Total (B) 369,765 550,240

FinancialsFinancials

4746

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited

Schedules forming part of the financial statements for the year ended March 31, 2014

SCHEDULE – 3

OPERATING EXPENSES RELATED TO INSURANCE BUSINESS

Particulars Current Year Previous Year (` '000) (` '000)

Employees’ remuneration and welfare benefits 1,347,430 1,213,687

Travel, conveyance and vehicle running expenses 78,099 73,769

Training expenses 140,135 152,574

Rents, rates and taxes 155,023 162,714

Repairs 33,887 33,114

Printing and stationery 40,622 39,105

Communication expenses 76,124 65,712

Legal and professional charges 47,773 47,098

Medical fees 17,799 17,508

Auditors' fees, expenses etc

a) as auditor* 2,365 2,106

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

(i) Taxation matters 155 125

(ii) Insurance matters - -

(iii) Management services; and - -

c) in any other capacity 26 -

Advertisement and publicity 160,402 165,432

Interest and bank charges 32,189 27,936

Depreciation 95,459 134,411

Information technology and related expenses 213,773 194,677

Service tax Expenses 94,370 77,179

Recruitment Expenses 6,300 5,985

Office Maintenance and Security 62,296 60,476

Electricty 22,339 23,338

Membership & Subscriptions 3,145 3,945

Others 3,744 4,417

TOTAL 2,633,455 2,505,308

* Includes out of pocket reimbursements

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited

Schedules forming part of the financial statements for the year ended March 31, 2014

SCHEDULE – 3A

SHAREHOLDER'S EXPENSES

Particulars Current Year Previous Year (` '000) (` '000)

Employees’ remuneration and welfare benefits 2,583 2,872

Travel, conveyance and vehicle running expenses - -

Training expenses - -

Rents, rates and taxes - -

Repairs - -

Printing and stationery - -

Communication expenses - -

Legal and professional charges 1 760

Medical fees - -

Auditors' fees, expenses etc

a) as auditor - -

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

(i) Taxation matters - -

(ii) Insurance matters - -

(iii) Management services; and - -

c) in any other capacity - -

Advertisement and publicity - -

Interest and bank charges 1,379 1,501

Depreciation - -

Information technology and related expenses - -

Service tax Expenses - -

Recruitment Expenses - -

Office Maintenance and Security - -

Electricty - -

Membership & Subscriptions - -

Profit/Loss on sale/write off of Fixed Assets (net) - 3,374

Others 273 782

TOTAL 4,236 9,289

FinancialsFinancials

4948

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited

Schedules forming part of the financial statements for the year ended March 31, 2014

SCHEDULE – 3

OPERATING EXPENSES RELATED TO INSURANCE BUSINESS

Particulars Current Year Previous Year (` '000) (` '000)

Employees’ remuneration and welfare benefits 1,347,430 1,213,687

Travel, conveyance and vehicle running expenses 78,099 73,769

Training expenses 140,135 152,574

Rents, rates and taxes 155,023 162,714

Repairs 33,887 33,114

Printing and stationery 40,622 39,105

Communication expenses 76,124 65,712

Legal and professional charges 47,773 47,098

Medical fees 17,799 17,508

Auditors' fees, expenses etc

a) as auditor* 2,365 2,106

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

(i) Taxation matters 155 125

(ii) Insurance matters - -

(iii) Management services; and - -

c) in any other capacity 26 -

Advertisement and publicity 160,402 165,432

Interest and bank charges 32,189 27,936

Depreciation 95,459 134,411

Information technology and related expenses 213,773 194,677

Service tax Expenses 94,370 77,179

Recruitment Expenses 6,300 5,985

Office Maintenance and Security 62,296 60,476

Electricty 22,339 23,338

Membership & Subscriptions 3,145 3,945

Others 3,744 4,417

TOTAL 2,633,455 2,505,308

* Includes out of pocket reimbursements

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited

Schedules forming part of the financial statements for the year ended March 31, 2014

SCHEDULE – 3A

SHAREHOLDER'S EXPENSES

Particulars Current Year Previous Year (` '000) (` '000)

Employees’ remuneration and welfare benefits 2,583 2,872

Travel, conveyance and vehicle running expenses - -

Training expenses - -

Rents, rates and taxes - -

Repairs - -

Printing and stationery - -

Communication expenses - -

Legal and professional charges 1 760

Medical fees - -

Auditors' fees, expenses etc

a) as auditor - -

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

(i) Taxation matters - -

(ii) Insurance matters - -

(iii) Management services; and - -

c) in any other capacity - -

Advertisement and publicity - -

Interest and bank charges 1,379 1,501

Depreciation - -

Information technology and related expenses - -

Service tax Expenses - -

Recruitment Expenses - -

Office Maintenance and Security - -

Electricty - -

Membership & Subscriptions - -

Profit/Loss on sale/write off of Fixed Assets (net) - 3,374

Others 273 782

TOTAL 4,236 9,289

FinancialsFinancials

4948

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited

Schedules forming part of the financial statements for the year ended March 31, 2014

SCHEDULE – 4

BENEFITS PAID [NET]

Particulars Current Year Previous Year (` '000) (` '000)

Insurance Claims

(a) Claims by Death, 274,412 273,135

(b) Claims by Maturity, 11,590 -

(c) Annuities/Pensions payment - -

(d) Other benefits - -

(i) Surrenders / Lapses 3,832,775 541,638

(ii) Withdrawals 1,473,885 332,861

(Amount ceded in reinsurance):

(a) Claims by Death, (38,693) (78,444)

(b) Claims by Maturity, - -

(c) Annuities/Pensions payment - -

(d) Other benefits - Surrender - -

Amount accepted in reinsurance:

(a) Claims by Death, - -

(b) Claims by Maturity, - -

(c) Annuities/Pensions payment - -

(d) Other benefits - Surrender - -

TOTAL 5,553,969 1,069,190

Benefits paid to claimants:

In India 5,553,969 1,069,190

Outside India - -

Total Benefits paid (Net) 5,553,969 1,069,190

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited

Schedules forming part of the financial statements for the year ended March 31, 2014

SCHEDULE – 5

SHARE CAPITAL

Particulars Current Year Previous Year (` '000) (` '000)

Authorised Capital 120,00,00,000 (Previous Year 120,00,00,000) Equity shares of ̀ 10 each 12,000,000 12,000,000

Issued Capital 95,00,00,000 (Previous Year 95,00,00,000) Equity shares of ̀ 10 each 9,500,000 9,500,000

Subscribed Capital 95,00,00,000 (Previous Year 95,00,00,000) Equity shares of ̀ 10 each 9,500,000 9,500,000

Called/Paid up Capital 95,00,00,000 (Previous Year 95,00,00,000) Equity shares of ̀ 10 each 9,500,000 9,500,000

Less: Calls unpaid - - Add : Shares forfeited (Amount originally paid up) - - Less: Par value of Equity Shares bought back - - Less: Preliminery expenses - - Expenses including commission or brokerage on Underwriting or subscription of shares TOTAL 9,500,000 9,500,000

Note: Of the above 484,500,000 equity shares (previous year 484,500,000 equity shares) of `10 each are held by Canara Bank and its nominees, being the holding Company.

FinancialsFinancials

5150

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited

Schedules forming part of the financial statements for the year ended March 31, 2014

SCHEDULE – 4

BENEFITS PAID [NET]

Particulars Current Year Previous Year (` '000) (` '000)

Insurance Claims

(a) Claims by Death, 274,412 273,135

(b) Claims by Maturity, 11,590 -

(c) Annuities/Pensions payment - -

(d) Other benefits - -

(i) Surrenders / Lapses 3,832,775 541,638

(ii) Withdrawals 1,473,885 332,861

(Amount ceded in reinsurance):

(a) Claims by Death, (38,693) (78,444)

(b) Claims by Maturity, - -

(c) Annuities/Pensions payment - -

(d) Other benefits - Surrender - -

Amount accepted in reinsurance:

(a) Claims by Death, - -

(b) Claims by Maturity, - -

(c) Annuities/Pensions payment - -

(d) Other benefits - Surrender - -

TOTAL 5,553,969 1,069,190

Benefits paid to claimants:

In India 5,553,969 1,069,190

Outside India - -

Total Benefits paid (Net) 5,553,969 1,069,190

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited

Schedules forming part of the financial statements for the year ended March 31, 2014

SCHEDULE – 5

SHARE CAPITAL

Particulars Current Year Previous Year (` '000) (` '000)

Authorised Capital 120,00,00,000 (Previous Year 120,00,00,000) Equity shares of ̀ 10 each 12,000,000 12,000,000

Issued Capital 95,00,00,000 (Previous Year 95,00,00,000) Equity shares of ̀ 10 each 9,500,000 9,500,000

Subscribed Capital 95,00,00,000 (Previous Year 95,00,00,000) Equity shares of ̀ 10 each 9,500,000 9,500,000

Called/Paid up Capital 95,00,00,000 (Previous Year 95,00,00,000) Equity shares of ̀ 10 each 9,500,000 9,500,000

Less: Calls unpaid - - Add : Shares forfeited (Amount originally paid up) - - Less: Par value of Equity Shares bought back - - Less: Preliminery expenses - - Expenses including commission or brokerage on Underwriting or subscription of shares TOTAL 9,500,000 9,500,000

Note: Of the above 484,500,000 equity shares (previous year 484,500,000 equity shares) of `10 each are held by Canara Bank and its nominees, being the holding Company.

FinancialsFinancials

5150

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited

Schedules forming part of the financial statements for the year ended March 31, 2014

SCHEDULE – 5A

PATTERN OF SHAREHOLDING [As certified by the Management]

Shareholder Current Year Previous Year Number of Shares % of Holding Number of Shares % of Holding Promoters

- Indian 703,000,000 74% 703,000,000 74%

- Foreign 247,000,000 26% 247,000,000 26%

Others - - - -

TOTAL 950,000,000 100% 950,000,000 100%

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited

Schedules forming part of the financial statements for the year ended March 31, 2014

SCHEDULE – 6

RESERVES AND SURPLUS

Particulars Current Year Previous Year (` '000) (` '000)

Capital Reserve - -

Capital Redemption Reserve - -

Share Premium 1,250,000 1,250,000

Revaluation Reserve - -

General Reserves - -

Less: Debit balance in Profit and Loss Account, if any - -

Less: Amount utilized for Buy-back - -

Catastrophe Reserve - -

Other Reserves - -

Balance of profit in Profit and Loss Account - -

TOTAL 1,250,000 1,250,000

FinancialsFinancials

5352

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited

Schedules forming part of the financial statements for the year ended March 31, 2014

SCHEDULE – 5A

PATTERN OF SHAREHOLDING [As certified by the Management]

Shareholder Current Year Previous Year Number of Shares % of Holding Number of Shares % of Holding Promoters

- Indian 703,000,000 74% 703,000,000 74%

- Foreign 247,000,000 26% 247,000,000 26%

Others - - - -

TOTAL 950,000,000 100% 950,000,000 100%

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited

Schedules forming part of the financial statements for the year ended March 31, 2014

SCHEDULE – 6

RESERVES AND SURPLUS

Particulars Current Year Previous Year (` '000) (` '000)

Capital Reserve - -

Capital Redemption Reserve - -

Share Premium 1,250,000 1,250,000

Revaluation Reserve - -

General Reserves - -

Less: Debit balance in Profit and Loss Account, if any - -

Less: Amount utilized for Buy-back - -

Catastrophe Reserve - -

Other Reserves - -

Balance of profit in Profit and Loss Account - -

TOTAL 1,250,000 1,250,000

FinancialsFinancials

5352

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited

Schedules forming part of the financial statements for the year ended March 31, 2014

SCHEDULE – 7

BORROWINGS

Particulars Current Year Previous Year (` '000) (` '000)

Debentures/ Bonds - -

Banks - -

Financial Institutions - -

Others - -

TOTAL - -

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited

Schedules forming part of the financial statements for the year ended March 31, 2014

SCHEDULE – 8

INVESTMENTS- SHAREHOLDERS'

Particulars Current Year Previous Year (` '000) (` '000)LONG TERM INVESTMENTS

1. Government Securities & Govt. Guaranteed Bonds including Treasury Bills 1,240,908 233,211

2. Other Approved Securities 4,330 4,329

3. Other Approved Investments

(a) Shares

(aa) Equity - -

(bb) Preference - -

(b) Mutual Funds - -

(c) Derivative Instruments - -

(d) Debentures/Bonds 1,005 1,006

(e) Other Securities

Fixed Deposits - -

(f) Subsidiaries - -

(g) Investment Properties-Real Estate - -

4. Investments in Infrastructure and Social Sector

(a) Equity - -

(b) Debentures/Bonds 626,336 168,191

5. Other Investments - -

Sub Total 1,872,579 406,737

SHORT TERM INVESTMENTS

1. Government Securities & Govt. Guaranteed Bonds including Treasury Bills 1,771,224 2,391,383

2. Other Approved Securities - -

3. Other Approved Investments

(a) Shares

(aa) Equity - -

(bb) Preference - -

(b) Mutual Funds 291,307 273,127

(c) Derivative Instruments - -

(d) Debentures / Bonds - 4,033

(e) Other Securities

Certificate of Deposits - 414,330

Fixed Deposits 30,000 450,000

Reverse Repo Investments - 199,905

Collateralized Borrowing and Lending Obligation (CBLO) 249,928 -

(f) Subsidiaries - -

(g) Investment Properties-Real Estate - -

4. Investments in Infrastructure and Social Sector

(a) Debentures/ Bonds 148,791 68,649

(b) Commercial Papers 194,068 -

5. Other Investments

(a) Mutual Funds - 128,017

Sub Total 2,685,318 3,929,444

Grand Total 4,557,897 4,336,181

Aggregate amount of Investments other than listed equity securities and derivative instruments 4,557,897 4,336,181

Aggregate market value of Investments other than listed equity securities and derivative instruments 4,475,556 4,334,709

Notes:

Particulars Current Year Previous Year

1) Investments in Subsidiary, Holding Company, Joint Venture & Associates at cost

Investment in Fixed Deposit with Canara Bank - 100,000

Investment in Fixed Deposit with Oriental Bank of Commerce - 100,000

Investment in Units of Canara Robeco Mutual Fund (Managed by Canara Robeco AMC) 150,000 50,000

Investment in Units of HSBC Mutual Fund (Managed by HSBC AMC) - 100,000

2) Reduction in Market value of Debt securities represents market conditions and not a permanent diminution in the value of investments.

3) Refer Schedule 16B - Note 8

4) Refer Schedule 16C - Note 13

FinancialsFinancials

5554

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited

Schedules forming part of the financial statements for the year ended March 31, 2014

SCHEDULE – 7

BORROWINGS

Particulars Current Year Previous Year (` '000) (` '000)

Debentures/ Bonds - -

Banks - -

Financial Institutions - -

Others - -

TOTAL - -

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited

Schedules forming part of the financial statements for the year ended March 31, 2014

SCHEDULE – 8

INVESTMENTS- SHAREHOLDERS'

Particulars Current Year Previous Year (` '000) (` '000)LONG TERM INVESTMENTS

1. Government Securities & Govt. Guaranteed Bonds including Treasury Bills 1,240,908 233,211

2. Other Approved Securities 4,330 4,329

3. Other Approved Investments

(a) Shares

(aa) Equity - -

(bb) Preference - -

(b) Mutual Funds - -

(c) Derivative Instruments - -

(d) Debentures/Bonds 1,005 1,006

(e) Other Securities

Fixed Deposits - -

(f) Subsidiaries - -

(g) Investment Properties-Real Estate - -

4. Investments in Infrastructure and Social Sector

(a) Equity - -

(b) Debentures/Bonds 626,336 168,191

5. Other Investments - -

Sub Total 1,872,579 406,737

SHORT TERM INVESTMENTS

1. Government Securities & Govt. Guaranteed Bonds including Treasury Bills 1,771,224 2,391,383

2. Other Approved Securities - -

3. Other Approved Investments

(a) Shares

(aa) Equity - -

(bb) Preference - -

(b) Mutual Funds 291,307 273,127

(c) Derivative Instruments - -

(d) Debentures / Bonds - 4,033

(e) Other Securities

Certificate of Deposits - 414,330

Fixed Deposits 30,000 450,000

Reverse Repo Investments - 199,905

Collateralized Borrowing and Lending Obligation (CBLO) 249,928 -

(f) Subsidiaries - -

(g) Investment Properties-Real Estate - -

4. Investments in Infrastructure and Social Sector

(a) Debentures/ Bonds 148,791 68,649

(b) Commercial Papers 194,068 -

5. Other Investments

(a) Mutual Funds - 128,017

Sub Total 2,685,318 3,929,444

Grand Total 4,557,897 4,336,181

Aggregate amount of Investments other than listed equity securities and derivative instruments 4,557,897 4,336,181

Aggregate market value of Investments other than listed equity securities and derivative instruments 4,475,556 4,334,709

Notes:

Particulars Current Year Previous Year

1) Investments in Subsidiary, Holding Company, Joint Venture & Associates at cost

Investment in Fixed Deposit with Canara Bank - 100,000

Investment in Fixed Deposit with Oriental Bank of Commerce - 100,000

Investment in Units of Canara Robeco Mutual Fund (Managed by Canara Robeco AMC) 150,000 50,000

Investment in Units of HSBC Mutual Fund (Managed by HSBC AMC) - 100,000

2) Reduction in Market value of Debt securities represents market conditions and not a permanent diminution in the value of investments.

3) Refer Schedule 16B - Note 8

4) Refer Schedule 16C - Note 13

FinancialsFinancials

5554

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited

Schedules forming part of the financial statements for the year ended March 31, 2014

SCHEDULE – 8A

INVESTMENTS - POLICYHOLDERS'

Particulars Current Year Previous Year (` '000) (` '000)LONG TERM INVESTMENTS

1. Government Securities & Govt. Guaranteed Bonds including Treasury Bills 6,656,923 3,463,698

2. Other Approved Securities 1,040,944 835,213

3. Other Approved Investments

(a) Shares

(aa) Equity - -

(bb) Preference - -

(b) Mutual Funds - -

(c) Derivative Instruments - -

(d) Debentures/ Bonds 575,338 708,378

(e) Other Securities

Fixed Deposits 130,000 339,100

(f) Subsidiaries - -

(g) Investment Properties-Real Estate - -

4. Investments in Infrastructure and Social Sector

(a) Equity - -

(b) Debentures/Bonds 4,906,240 2,327,898

5. Other Investments - -

Sub Total 13,309,445 7,674,287

SHORT TERM INVESTMENTS

1. Government Securities & Govt. Guaranteed Bonds including Treasury Bills 14,784 13,552

2. Other Approved Securities - -

3. Other Approved Investments

(a) Shares

(aa) Equity - -

(bb) Preference - -

(b) Mutual Funds 365,242 290,583

(c) Derivative Instruments - -

(d) Debentures/ Bonds 281,044 95,401

(e) Other Securities

Commercial Papers 454,131 739,824

Fixed Deposits 470,100 90,000

Collateralized Borrowing and Lending Obligation (CBLO) 498,355 -

(f) Subsidiaries - -

(g) Investment Properties-Real Estate - -

4. Investments in Infrastructure and Social Sector

(a) Debentures/ Bonds 209,838 245,751

5. Other Investments

(a) Mutual Funds - 49,568

Sub Total 2,293,494 1,524,679

Grand Total 15,602,939 9,198,966

Aggregate amount of Investments other than listed equity securities and derivative instruments 15,602,939 9,198,966

Aggregate market value of Investments other than listed equity securities and derivative instruments 15,155,239 9,355,377

Notes:

Particulars Current Year Previous Year

1) Investments in Subsidiary, Holding Company, Joint Venture & Associates at cost

Investment in Fixed Deposit with Canara Bank 100,000 100,000

Investment in Fixed Deposit with Oriental Bank of Commerce 100,000 -

2) Reduction in Market value of Debt securities represents market conditions and not a permanent diminution in the value of investments.

3) Refer Schedule 16B - Note 8

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited

Schedules forming part of the financial statements for the year ended March 31, 2014

SCHEDULE – 8B

ASSETS HELD TO COVER LINKED LIABILITIES

Particulars Current Year Previous Year (` '000) (` '000)LONG TERM INVESTMENTS

1. Government Securities & Govt. Guaranteed Bonds including Treasury Bills 8,182,644 3,484,666

2. Other Approved Securities 614,353 645,577

3. Other Approved Investments

(a) Shares

(aa) Equity 37,350,321 29,592,330

(bb) Preference - -

(b) Mutual Funds - -

(c) Derivative Instruments - -

(d) Debentures/ Bonds 1,637,907 2,184,114

(e) Other Securities

Fixed Deposits 598,700 341,700

(f) Subsidiaries - -

(g) Investment Properties-Real Estate - -

4. Investments in Infrastructure and Social Sector

(a) Equity 1,515,419 2,264,511

(b) Debentures/Bonds 5,476,488 5,485,278

5. Other Investments

(a) Equity 1,370,349 1,445,191

Sub Total 56,746,181 45,443,367

SHORT TERM INVESTMENTS

1. Government Securities & Govt. Guaranteed Bonds including Treasury Bills 2,579,215 1,019,910

2. Other Approved Securities - -

3. Other Approved Investments

(a) Shares

(aa) Equity - -

(bb) Preference - -

(b) Mutual Funds 1,183,889 1,112,938

(c) Derivative Instruments - -

(d) Debentures/ Bonds 149,034 644,409

(e) Other Securities

Certificate of Deposits - 67,331

Commercial Papers 65,660 24,706

Fixed Deposits 994,300 625,491

Reverse Repo Investments - 149,970

Collateralized Borrowing and Lending Obligation (CBLO) 123,964 -

Other Net Current Assets 1,270,300 1,215,265

(f) Subsidiaries - -

(g) Investment Properties-Real Estate - -

4. Investments in Infrastructure and Social Sector

(a) Debentures/ Bonds 307,838 336,790

5. Other Investments (a) Mutual Funds 24,319 -

Sub Total 6,698,519 5,196,810

Grand Total 63,444,700 50,640,177

Aggregate amount of Investments other than listed equity securities and derivative instruments 23,208,611 17,338,144

Aggregate market value of Investments other than listed equity securities and derivative instruments 23,208,611 17,338,144

Notes:

Particulars Current Year Previous Year

1) Investments in Subsidiary, Holding Company, Joint Venture & Associates at cost

Investment in Fixed Deposit with Oriental Bank of Commerce 12,000 166,512

Investment in Units of HSBC Mutual Fund (Managed by HSBC AMC) 230,000 50,000

2) Refer Schedule 16B - Note 8

FinancialsFinancials

5756

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited

Schedules forming part of the financial statements for the year ended March 31, 2014

SCHEDULE – 8A

INVESTMENTS - POLICYHOLDERS'

Particulars Current Year Previous Year (` '000) (` '000)LONG TERM INVESTMENTS

1. Government Securities & Govt. Guaranteed Bonds including Treasury Bills 6,656,923 3,463,698

2. Other Approved Securities 1,040,944 835,213

3. Other Approved Investments

(a) Shares

(aa) Equity - -

(bb) Preference - -

(b) Mutual Funds - -

(c) Derivative Instruments - -

(d) Debentures/ Bonds 575,338 708,378

(e) Other Securities

Fixed Deposits 130,000 339,100

(f) Subsidiaries - -

(g) Investment Properties-Real Estate - -

4. Investments in Infrastructure and Social Sector

(a) Equity - -

(b) Debentures/Bonds 4,906,240 2,327,898

5. Other Investments - -

Sub Total 13,309,445 7,674,287

SHORT TERM INVESTMENTS

1. Government Securities & Govt. Guaranteed Bonds including Treasury Bills 14,784 13,552

2. Other Approved Securities - -

3. Other Approved Investments

(a) Shares

(aa) Equity - -

(bb) Preference - -

(b) Mutual Funds 365,242 290,583

(c) Derivative Instruments - -

(d) Debentures/ Bonds 281,044 95,401

(e) Other Securities

Commercial Papers 454,131 739,824

Fixed Deposits 470,100 90,000

Collateralized Borrowing and Lending Obligation (CBLO) 498,355 -

(f) Subsidiaries - -

(g) Investment Properties-Real Estate - -

4. Investments in Infrastructure and Social Sector

(a) Debentures/ Bonds 209,838 245,751

5. Other Investments

(a) Mutual Funds - 49,568

Sub Total 2,293,494 1,524,679

Grand Total 15,602,939 9,198,966

Aggregate amount of Investments other than listed equity securities and derivative instruments 15,602,939 9,198,966

Aggregate market value of Investments other than listed equity securities and derivative instruments 15,155,239 9,355,377

Notes:

Particulars Current Year Previous Year

1) Investments in Subsidiary, Holding Company, Joint Venture & Associates at cost

Investment in Fixed Deposit with Canara Bank 100,000 100,000

Investment in Fixed Deposit with Oriental Bank of Commerce 100,000 -

2) Reduction in Market value of Debt securities represents market conditions and not a permanent diminution in the value of investments.

3) Refer Schedule 16B - Note 8

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited

Schedules forming part of the financial statements for the year ended March 31, 2014

SCHEDULE – 8B

ASSETS HELD TO COVER LINKED LIABILITIES

Particulars Current Year Previous Year (` '000) (` '000)LONG TERM INVESTMENTS

1. Government Securities & Govt. Guaranteed Bonds including Treasury Bills 8,182,644 3,484,666

2. Other Approved Securities 614,353 645,577

3. Other Approved Investments

(a) Shares

(aa) Equity 37,350,321 29,592,330

(bb) Preference - -

(b) Mutual Funds - -

(c) Derivative Instruments - -

(d) Debentures/ Bonds 1,637,907 2,184,114

(e) Other Securities

Fixed Deposits 598,700 341,700

(f) Subsidiaries - -

(g) Investment Properties-Real Estate - -

4. Investments in Infrastructure and Social Sector

(a) Equity 1,515,419 2,264,511

(b) Debentures/Bonds 5,476,488 5,485,278

5. Other Investments

(a) Equity 1,370,349 1,445,191

Sub Total 56,746,181 45,443,367

SHORT TERM INVESTMENTS

1. Government Securities & Govt. Guaranteed Bonds including Treasury Bills 2,579,215 1,019,910

2. Other Approved Securities - -

3. Other Approved Investments

(a) Shares

(aa) Equity - -

(bb) Preference - -

(b) Mutual Funds 1,183,889 1,112,938

(c) Derivative Instruments - -

(d) Debentures/ Bonds 149,034 644,409

(e) Other Securities

Certificate of Deposits - 67,331

Commercial Papers 65,660 24,706

Fixed Deposits 994,300 625,491

Reverse Repo Investments - 149,970

Collateralized Borrowing and Lending Obligation (CBLO) 123,964 -

Other Net Current Assets 1,270,300 1,215,265

(f) Subsidiaries - -

(g) Investment Properties-Real Estate - -

4. Investments in Infrastructure and Social Sector

(a) Debentures/ Bonds 307,838 336,790

5. Other Investments (a) Mutual Funds 24,319 -

Sub Total 6,698,519 5,196,810

Grand Total 63,444,700 50,640,177

Aggregate amount of Investments other than listed equity securities and derivative instruments 23,208,611 17,338,144

Aggregate market value of Investments other than listed equity securities and derivative instruments 23,208,611 17,338,144

Notes:

Particulars Current Year Previous Year

1) Investments in Subsidiary, Holding Company, Joint Venture & Associates at cost

Investment in Fixed Deposit with Oriental Bank of Commerce 12,000 166,512

Investment in Units of HSBC Mutual Fund (Managed by HSBC AMC) 230,000 50,000

2) Refer Schedule 16B - Note 8

FinancialsFinancials

5756

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited

Schedules forming part of the financial statements for the year ended March 31, 2014

SCHEDULE – 9

LOANS

Particulars Current Year Previous Year (` '000) (` '000)Security-Wise Classification

Secured

(a) On mortgage of property

(aa) In India - -

(bb) Outside India - -

(b) On Shares, Bonds, Govt. Securities - -

(c) Loans against policies - -

(d) Others (to be specified) - -

Unsecured - -

TOTAL - -

BORROWER-WISE CLASSIFICATION - -

(a) Central and State Governments - -

(b) Banks and Financial Institutions - -

(c) Subsidiaries - -

(d) Companies - -

(e) Loans against policies - -

(f) Others - -

TOTAL - -

PERFORMANCE-WISE CLASSIFICATION - -

(a) Loans classified as standard - -

(aa) In India - -

(bb) Outside India - -

(b) Non-performing loans less provisions - -

(aa) In India - -

(bb) Outside India - -

TOTAL - -

MATURITY-WISE CLASSIFICATION - -

(a) Short Term - -

(b) Long Term - -

Total - -

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FinancialsFinancials

5958

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited

Schedules forming part of the financial statements for the year ended March 31, 2014

SCHEDULE – 9

LOANS

Particulars Current Year Previous Year (` '000) (` '000)Security-Wise Classification

Secured

(a) On mortgage of property

(aa) In India - -

(bb) Outside India - -

(b) On Shares, Bonds, Govt. Securities - -

(c) Loans against policies - -

(d) Others (to be specified) - -

Unsecured - -

TOTAL - -

BORROWER-WISE CLASSIFICATION - -

(a) Central and State Governments - -

(b) Banks and Financial Institutions - -

(c) Subsidiaries - -

(d) Companies - -

(e) Loans against policies - -

(f) Others - -

TOTAL - -

PERFORMANCE-WISE CLASSIFICATION - -

(a) Loans classified as standard - -

(aa) In India - -

(bb) Outside India - -

(b) Non-performing loans less provisions - -

(aa) In India - -

(bb) Outside India - -

TOTAL - -

MATURITY-WISE CLASSIFICATION - -

(a) Short Term - -

(b) Long Term - -

Total - -

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50

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15

FinancialsFinancials

5958

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited

Schedules forming part of the financial statements for the year ended March 31, 2014

SCHEDULE – 1 1

CASH AND BANK BALANCES

Particulars Current Year Previous Year (` '000) (` '000)

Cash (including cheques, drafts and stamps) 70,578 85,031

Bank Balances

(a) Deposit Accounts

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

(bb) Others - -

(b) Current Accounts 420,697 1,168,657

(c) Others - -

Money at Call and Short Notice

(a) With Banks - -

(b) With other Institutions - -

Others - -

TOTAL 491,275 1,253,688

Balances with non-scheduled banks are Nil

CASH AND BANK BALANCES

In India 491,275 1,253,688

Outside India - -

TOTAL 491,275 1,253,688

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited

Schedules forming part of the financial statements for the year ended March 31, 2014

SCHEDULE – 12

ADVANCES AND OTHER ASSETS

Particulars Current Year Previous Year (` '000) (` '000)

ADVANCES

Reserve deposits with ceding companies - -

Application money for investments - -

Prepayments 90,504 96,025

Advances to Directors/Officers - -

Advance tax paid and taxes deducted at source (Net of provision for taxation) 788 587

Others (includes vendor and travel advances) - Gross 16,918 13,439

Less: Provision for Doubtful Balances (12) -

Net 16,906 13,439

TOTAL (A) 108,198 110,051

OTHER ASSETS

Income accrued on investments 523,335 278,768

Outstanding Premiums 288,928 200,528

Agents’ Balances (Gross) 1,108 -

Less: Provision for Doubtful Balances (1,067) -

Net 41 -

Foreign Agencies’ Balances - -

Due from other entities carrying on insurance business (including reinsurers) 46,227 63,713

Due from subsidiaries/ holding company 118 411

Deposit with Reserve Bank of India - -

Others

-Refundable Security Deposits (Gross) 78,084 79,554

Less: Provision for Doubtful Balances (1,561) -

Net 76,523 79,554

-Service Tax Unutilised Credit 19,477 82,931

-Due from Shareholders' funds 671,247 1,016,078

TOTAL (B) 1,625,896 1,721,983

TOTAL (A+B) 1,734,094 1,832,034

FinancialsFinancials

6160

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited

Schedules forming part of the financial statements for the year ended March 31, 2014

SCHEDULE – 1 1

CASH AND BANK BALANCES

Particulars Current Year Previous Year (` '000) (` '000)

Cash (including cheques, drafts and stamps) 70,578 85,031

Bank Balances

(a) Deposit Accounts

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

(bb) Others - -

(b) Current Accounts 420,697 1,168,657

(c) Others - -

Money at Call and Short Notice

(a) With Banks - -

(b) With other Institutions - -

Others - -

TOTAL 491,275 1,253,688

Balances with non-scheduled banks are Nil

CASH AND BANK BALANCES

In India 491,275 1,253,688

Outside India - -

TOTAL 491,275 1,253,688

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited

Schedules forming part of the financial statements for the year ended March 31, 2014

SCHEDULE – 12

ADVANCES AND OTHER ASSETS

Particulars Current Year Previous Year (` '000) (` '000)

ADVANCES

Reserve deposits with ceding companies - -

Application money for investments - -

Prepayments 90,504 96,025

Advances to Directors/Officers - -

Advance tax paid and taxes deducted at source (Net of provision for taxation) 788 587

Others (includes vendor and travel advances) - Gross 16,918 13,439

Less: Provision for Doubtful Balances (12) -

Net 16,906 13,439

TOTAL (A) 108,198 110,051

OTHER ASSETS

Income accrued on investments 523,335 278,768

Outstanding Premiums 288,928 200,528

Agents’ Balances (Gross) 1,108 -

Less: Provision for Doubtful Balances (1,067) -

Net 41 -

Foreign Agencies’ Balances - -

Due from other entities carrying on insurance business (including reinsurers) 46,227 63,713

Due from subsidiaries/ holding company 118 411

Deposit with Reserve Bank of India - -

Others

-Refundable Security Deposits (Gross) 78,084 79,554

Less: Provision for Doubtful Balances (1,561) -

Net 76,523 79,554

-Service Tax Unutilised Credit 19,477 82,931

-Due from Shareholders' funds 671,247 1,016,078

TOTAL (B) 1,625,896 1,721,983

TOTAL (A+B) 1,734,094 1,832,034

FinancialsFinancials

6160

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited

Schedules forming part of the financial statements for the year ended March 31, 2014

SCHEDULE – 13

CURRENT LIABILITIES

Particulars Current Year Previous Year (` '000) (` '000)

Agents’ Balances 45,345 56,090

Balances due to other insurance companies 40,852 66,914

Deposits held on re-insurance ceded - -

Premiums received in advance 24,308 17,478

Unallocated premium 119,059 78,990

Sundry creditors 2,239 576

Due to subsidiaries/ holding company - -

Claims Outstanding 81,366 115,446

Annuities Due - -

Due to Directors/Officers - -

Others

Due to policyholder funds 1,049,579 1,628,710

Proposal deposits not yet underwritten 271,104 339,088

Premium/ proposal deposits, to be refunded 4,202 40,394

Others (includes statutory dues payable and payables to employees) 54,093 51,139

Payable for Investments Purchased 572,570 214,082

Unclaimed Amount of the Policyholders 279,989 90,365

Accrual for expenses 410,453 389,080

TOTAL 2,955,159 3,088,352

SCHEDULE – 14

PROVISIONS

Particulars Current Year Previous Year (` '000) (` '000)

For taxation (less payments and taxes deducted at source) - -

For proposed dividends - -

For dividend distribution tax - -

Others

Provision for leave encashment 13,670 4,570

TOTAL 13,670 4,570

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited

Schedules forming part of the financial statements for the year ended March 31, 2014

SCHEDULE – 15

MISCELLANEOUS EXPENDITURE

(to the extent not written off or adjusted)

Particulars Current Year Previous Year (` '000) (` '000)

Discount Allowed in issue of shares/ debentures - -

Others - -

TOTAL - -

FinancialsFinancials

6362

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited

Schedules forming part of the financial statements for the year ended March 31, 2014

SCHEDULE – 13

CURRENT LIABILITIES

Particulars Current Year Previous Year (` '000) (` '000)

Agents’ Balances 45,345 56,090

Balances due to other insurance companies 40,852 66,914

Deposits held on re-insurance ceded - -

Premiums received in advance 24,308 17,478

Unallocated premium 119,059 78,990

Sundry creditors 2,239 576

Due to subsidiaries/ holding company - -

Claims Outstanding 81,366 115,446

Annuities Due - -

Due to Directors/Officers - -

Others

Due to policyholder funds 1,049,579 1,628,710

Proposal deposits not yet underwritten 271,104 339,088

Premium/ proposal deposits, to be refunded 4,202 40,394

Others (includes statutory dues payable and payables to employees) 54,093 51,139

Payable for Investments Purchased 572,570 214,082

Unclaimed Amount of the Policyholders 279,989 90,365

Accrual for expenses 410,453 389,080

TOTAL 2,955,159 3,088,352

SCHEDULE – 14

PROVISIONS

Particulars Current Year Previous Year (` '000) (` '000)

For taxation (less payments and taxes deducted at source) - -

For proposed dividends - -

For dividend distribution tax - -

Others

Provision for leave encashment 13,670 4,570

TOTAL 13,670 4,570

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited

Schedules forming part of the financial statements for the year ended March 31, 2014

SCHEDULE – 15

MISCELLANEOUS EXPENDITURE

(to the extent not written off or adjusted)

Particulars Current Year Previous Year (` '000) (` '000)

Discount Allowed in issue of shares/ debentures - -

Others - -

TOTAL - -

FinancialsFinancials

6362

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Schedule 16: Significant Accounting Policies and Notes to Accounts

A BACKGROUND

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited (‘the Company’) a joint venture between Canara Bank (51%), HSBC Insurance (Asia-Pacific) Holdings Limited (26%) and Oriental Bank of Commerce (23%) was incorporated on 25th September, 2007 as a company under the Companies Act, 1956. The Company is licensed by the Insurance Regulatory and Development Authority for carrying on life insurance business in India. The Company commenced operations from 16th June 2008.

The Company carries on business in the areas of pensions and life insurance. The business spans across individual and group products and covers non-participating, and unit linked lines of businesses. The Company during the financial year expanded its offering of products / lines of businesses by launching Individual Participating & Group Variable Insurance (Life & Pension) products.

B SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

1. Basis of preparation

The accompanying financial statements have been prepared and presented under the historical cost convention, on the accrual basis of accounting, in compliance with the applicable accounting standards notified under Companies (Accounting Standards) Rules 2006, the provisions of the Companies Act, 2013 (to the extent applicable), read with the General Circular No. 08/2014 dated 4th April 2014 issued by the Ministry of Corporate Affairs and the Companies Act, 1956 (to the extent applicable) and in the manner so required and are in accordance with the generally accepted accounting principles in India (GAAP) and the provisions of Insurance Act, 1938, Insurance Regulatory and Development Authority (IRDA) Act, 1999, IRDA (Preparation of Financial Statements and Auditor’s Report of Insurance Companies) Regulations, 2002, various circulars/guidelines issued by IRDA from time to time and the practices prevailing within the insurance industry in India.

2. Use of Estimates

The preparation of the financial statements in conformity with generally accepted accounting principles in India requires management to make estimates and assumptions that affect the reported amount of assets, liabilities, revenues and expenses and disclosure of contingent liabilities as at balance sheet date. The estimates and assumptions used in the financial statements are based upon management’s evaluation of the relevant facts and circumstances as of the date of the financial statements. Actual results could differ from the estimates. Any revision to accounting estimates is recognized prospectively.

3. Revenue recognition

Premium

Premium is recognised as income when due from policyholders, if there is a reasonable certainty of collectability. For unit linked business, income is recognised when the units are allocated. Premium on lapsed policies is recognised as income when such policies are reinstated. Premiums are recognised net of service tax. Top-up premium is considered as single premium.

Income from Linked Business

Fund management charges, administrative charges, mortality charges, and other charges as per the product feature are recovered from linked funds in accordance with terms and conditions of policies and are recognised when due.

Income from Investments

Dividend income is recognised when the right to receive dividend is established. Interest income on investments is recognised on accrual basis.

Accretion of discount and amortisation of premium to the face value in respect of debt securities, for other than linked assets, is recognised over the holding/maturity period on a straight-line basis and is adjusted against interest income.

In case of discounted instruments, the difference between the face value and book value is accreted over the life of the instrument on a straight line basis and recognized as interest income.

The realised gain or loss on sale of linked assets is the difference between the sales consideration and weighted average book cost.

The realised gain or loss on sale of debt securities in case of non-linked assets is the difference between the sales consideration and the accreted /amortised cost which is determined on weighted average basis.

Sales consideration for the purpose of realised gain or loss is net of brokerage and taxes, if any.

The realised gain or loss on sale of equity shares or redemption of mutual funds in case of non-linked assets is the difference between sales consideration and book cost computed on a weighted average basis. In respect of non-linked assets, the profit or loss includes the accumulated changes in the fair value previously recognised under “Fair Value Change Account”.

The unrealised gains and losses on linked assets are recognised in the respective funds’ revenue account.

Lending Fee, net of brokerage, on Equity shares lent under Security Lending and Borrowing transactions is recognised on accrual basis under the straight line method on the entire tenure of the contract in the respective funds. In case if the securities are re-called prior to the end of the contract term, the unamortized lending fee, net of the fees to be paid on recall, is transferred to the funds’ revenue account.

4. Reinsurance Premium

Re-insurance premium ceded is accounted in accordance with the treaty or in-principle arrangement with the re-insurer.

5. Benefits paid (including claims)

Claims costs consist of the policy benefit amount and claim settlement costs, where applicable. Death claims and rider claims are accounted for on receipt of intimation.

Survival benefit claims and maturity claims are accounted when these become due.

Surrenders and withdrawals under unit linked policies are accounted for when associated units are cancelled. Under traditional policies these are accounted for when the intimation for the surrender is received and accepted.

In case of surrender of linked policy within the lock-in period i.e. a) 3 years from the date of issue of policy (in case of policies issued before 1st September 2010), the surrender value of such policies is carried in financials as a liability and is paid to the policyholder on the expiry of the lock-in period; b) 5 years from the date of issue of policy (in case of policies issued after 1st September 2010), the surrender value of such policies is invested in a designated fund called "UL Discontinued Policy Fund" and is paid to the policyholder on the expiry of the lock-in period along with minimum guaranteed return or actual return, whichever is higher.

Re-insurance recoveries on claims are accounted for, in the same period as the related claims.

6. Acquisition costs

Acquisition costs are costs which vary with and are primarily related to acquisition of insurance contracts and are expensed off in the period in which they are incurred. Recovery on account of clawback of the commission paid, if any, in future is accounted in the year in which its recovery is due.

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited

Schedules Forming part of Financial Statements for the year ended March 31, 2014

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited

Schedules Forming part of Financial Statements for the year ended March 31, 2014

FinancialsFinancials

6564

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Schedule 16: Significant Accounting Policies and Notes to Accounts

A BACKGROUND

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited (‘the Company’) a joint venture between Canara Bank (51%), HSBC Insurance (Asia-Pacific) Holdings Limited (26%) and Oriental Bank of Commerce (23%) was incorporated on 25th September, 2007 as a company under the Companies Act, 1956. The Company is licensed by the Insurance Regulatory and Development Authority for carrying on life insurance business in India. The Company commenced operations from 16th June 2008.

The Company carries on business in the areas of pensions and life insurance. The business spans across individual and group products and covers non-participating, and unit linked lines of businesses. The Company during the financial year expanded its offering of products / lines of businesses by launching Individual Participating & Group Variable Insurance (Life & Pension) products.

B SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

1. Basis of preparation

The accompanying financial statements have been prepared and presented under the historical cost convention, on the accrual basis of accounting, in compliance with the applicable accounting standards notified under Companies (Accounting Standards) Rules 2006, the provisions of the Companies Act, 2013 (to the extent applicable), read with the General Circular No. 08/2014 dated 4th April 2014 issued by the Ministry of Corporate Affairs and the Companies Act, 1956 (to the extent applicable) and in the manner so required and are in accordance with the generally accepted accounting principles in India (GAAP) and the provisions of Insurance Act, 1938, Insurance Regulatory and Development Authority (IRDA) Act, 1999, IRDA (Preparation of Financial Statements and Auditor’s Report of Insurance Companies) Regulations, 2002, various circulars/guidelines issued by IRDA from time to time and the practices prevailing within the insurance industry in India.

2. Use of Estimates

The preparation of the financial statements in conformity with generally accepted accounting principles in India requires management to make estimates and assumptions that affect the reported amount of assets, liabilities, revenues and expenses and disclosure of contingent liabilities as at balance sheet date. The estimates and assumptions used in the financial statements are based upon management’s evaluation of the relevant facts and circumstances as of the date of the financial statements. Actual results could differ from the estimates. Any revision to accounting estimates is recognized prospectively.

3. Revenue recognition

Premium

Premium is recognised as income when due from policyholders, if there is a reasonable certainty of collectability. For unit linked business, income is recognised when the units are allocated. Premium on lapsed policies is recognised as income when such policies are reinstated. Premiums are recognised net of service tax. Top-up premium is considered as single premium.

Income from Linked Business

Fund management charges, administrative charges, mortality charges, and other charges as per the product feature are recovered from linked funds in accordance with terms and conditions of policies and are recognised when due.

Income from Investments

Dividend income is recognised when the right to receive dividend is established. Interest income on investments is recognised on accrual basis.

Accretion of discount and amortisation of premium to the face value in respect of debt securities, for other than linked assets, is recognised over the holding/maturity period on a straight-line basis and is adjusted against interest income.

In case of discounted instruments, the difference between the face value and book value is accreted over the life of the instrument on a straight line basis and recognized as interest income.

The realised gain or loss on sale of linked assets is the difference between the sales consideration and weighted average book cost.

The realised gain or loss on sale of debt securities in case of non-linked assets is the difference between the sales consideration and the accreted /amortised cost which is determined on weighted average basis.

Sales consideration for the purpose of realised gain or loss is net of brokerage and taxes, if any.

The realised gain or loss on sale of equity shares or redemption of mutual funds in case of non-linked assets is the difference between sales consideration and book cost computed on a weighted average basis. In respect of non-linked assets, the profit or loss includes the accumulated changes in the fair value previously recognised under “Fair Value Change Account”.

The unrealised gains and losses on linked assets are recognised in the respective funds’ revenue account.

Lending Fee, net of brokerage, on Equity shares lent under Security Lending and Borrowing transactions is recognised on accrual basis under the straight line method on the entire tenure of the contract in the respective funds. In case if the securities are re-called prior to the end of the contract term, the unamortized lending fee, net of the fees to be paid on recall, is transferred to the funds’ revenue account.

4. Reinsurance Premium

Re-insurance premium ceded is accounted in accordance with the treaty or in-principle arrangement with the re-insurer.

5. Benefits paid (including claims)

Claims costs consist of the policy benefit amount and claim settlement costs, where applicable. Death claims and rider claims are accounted for on receipt of intimation.

Survival benefit claims and maturity claims are accounted when these become due.

Surrenders and withdrawals under unit linked policies are accounted for when associated units are cancelled. Under traditional policies these are accounted for when the intimation for the surrender is received and accepted.

In case of surrender of linked policy within the lock-in period i.e. a) 3 years from the date of issue of policy (in case of policies issued before 1st September 2010), the surrender value of such policies is carried in financials as a liability and is paid to the policyholder on the expiry of the lock-in period; b) 5 years from the date of issue of policy (in case of policies issued after 1st September 2010), the surrender value of such policies is invested in a designated fund called "UL Discontinued Policy Fund" and is paid to the policyholder on the expiry of the lock-in period along with minimum guaranteed return or actual return, whichever is higher.

Re-insurance recoveries on claims are accounted for, in the same period as the related claims.

6. Acquisition costs

Acquisition costs are costs which vary with and are primarily related to acquisition of insurance contracts and are expensed off in the period in which they are incurred. Recovery on account of clawback of the commission paid, if any, in future is accounted in the year in which its recovery is due.

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited

Schedules Forming part of Financial Statements for the year ended March 31, 2014

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited

Schedules Forming part of Financial Statements for the year ended March 31, 2014

FinancialsFinancials

6564

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

7. Liability for life policies

The value of liabilities is determined in accordance with Insurance Regulatory and Development Authority (Assets, Liabilities and Solvency Margin of Insurers) Regulations, 2000 and other relevant Regulations issued by IRDA, the Actuarial Practice Standards issued by the Institute of Actuaries of India and generally accepted actuarial principles in India.

Based on the above, the liability for:

• The linked portion on unit-linked policies is determined by multiplying the number of units in various unit-linked funds with the Net Asset Value per unit as at the valuation date.

• The non unit liability of unit-linked policies and liability for non-linked policies (other than fund based products and one year renewable group term assurance plans) is determined on a per policy basis using the prospective gross premium valuation methodology.

For one year renewable group term assurance plans, the liability is determined using the unearned premium method.

In case of fund based group products, the liability is determined on the basis of scheme account value allowing appropriately for the interest declared or guaranteed.

In case of Variable Insurance products, the liability is calculated by projecting the account value of the relevant scheme till the end of the current quarter using the guaranteed interest rate declared at the beginning of the quarter and then discounting this value to the valuation date using the gross expected return after applying an appropriate margin for adverse deviation.

The Company holds additional aggregate risk reserves to allow for risks that cannot be attributed to specific policies or lines of businesses. Policyholders’ liability valuation methodology and assumptions are given in Note 2 of Part C of this schedule.

8. Investments

Investments are made in accordance with the Insurance Act, 1938, the IRDA (Investment) Regulations, 2000, as amended from time to time and various circulars and notifications issued by the IRDA in this context from time to time.

Investments are recorded on trade date at cost, which includes brokerage and related taxes, if any and excludes pre-acquisition interest accrued, if any.

Bonus entitlements are recognized as investments on the ‘ex-bonus date’. Rights entitlements are recognized as investments on the ‘ex-rights date’.

Classification

Investments maturing within twelve months from the balance sheet date and investments made with the specific intention to dispose off within twelve months from the balance sheet date are classified as short-term investments. All other Investments are classified as long-term investments.

Investments are specifically made for policyholders and shareholders and held in separately maintained accounts. The income relating to these investments is recognised in the respective policyholder and shareholder account.

Valuation – Linked Funds

Listed equity shares

The Company has selected National Stock exchange (NSE) as the primary exchange and Bombay Stock exchange (BSE) as secondary exchange in line with the IRDA guidelines for Equity valuation.

Listed equity shares are valued at market value based on the closing price of the primary stock exchange (National Stock Exchange, NSE). In case the equity shares are not listed/ traded on the National Stock Exchange, they are valued on the closing price of the secondary stock exchange (Bombay Stock Exchange, BSE). Unrealised gains and losses are recognized in the respective funds’ revenue account.

Mutual funds

Mutual Fund units are valued at the previous day net asset value. Unrealised gains and losses are recognized in the respective funds’ revenue account.

Debt securities

Central & State Government securities are valued as per CRISIL Gilt prices and other debt securities are valued at prices arrived from the CRISIL Bond Valuer. Unrealised gains and losses are recognized in the respective funds’ revenue account.

Discounted money market instruments (treasury bills, certificate of deposits, commercial paper, Collateral Borrowing and Lending Obligations-CBLO, etc) are valued at accreted cost. The difference between the face value and book value is accreted over the life of the asset, on a straight line basis.

Reverse repo are valued at cost plus accrued interest on reverse repo rate.

Fixed deposits are valued at cost till the date of maturity.

Valuation – Non-Linked Policyholders’ Funds and Shareholders’ Fund

Equity shares and mutual funds

The Company has selected National Stock exchange (NSE) as the primary exchange and Bombay Stock exchange (BSE) as secondary exchange in line with the IRDA guidelines for Equity valuation.

Listed equity shares are valued at market value based on the closing price at the primary stock exchange (National Stock Exchange, NSE). In case the equity shares are not listed/ traded on the National Stock Exchange, they are valued on the closing price at the secondary stock exchange (Bombay Stock Exchange, BSE).

Mutual funds

Mutual Fund units are valued at previous day net asset values.

Unrealised gains and losses on equity shares and mutual funds are taken to the “fair value change account” and carried forward in the balance sheet.

Debt securities

All debt securities, including Government securities are considered as ‘held to maturity’ and accordingly stated at cost, subject to accretion/ amortisation of the discount/ premium on a straight line basis over the period of maturity / holding.

Discounted money market instruments (treasury bills, certificate of deposits, commercial paper, Collateral Borrowing and Lending Obligations-CBLO etc) are valued at accreted cost. The difference between the face value and book value is accreted over the life of the asset, on a straight line basis.

Reverse repo are valued at cost plus accrued interest on reverse repo rate.

Fixed deposits are valued at cost till the date of maturity.

Impairment of investments

The Company assesses on each Balance Sheet date, whether impairment other than temporary has occurred based on its investment policy.

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited

Schedules Forming part of Financial Statements for the year ended March 31, 2014

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited

Schedules Forming part of Financial Statements for the year ended March 31, 2014

FinancialsFinancials

6766

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

7. Liability for life policies

The value of liabilities is determined in accordance with Insurance Regulatory and Development Authority (Assets, Liabilities and Solvency Margin of Insurers) Regulations, 2000 and other relevant Regulations issued by IRDA, the Actuarial Practice Standards issued by the Institute of Actuaries of India and generally accepted actuarial principles in India.

Based on the above, the liability for:

• The linked portion on unit-linked policies is determined by multiplying the number of units in various unit-linked funds with the Net Asset Value per unit as at the valuation date.

• The non unit liability of unit-linked policies and liability for non-linked policies (other than fund based products and one year renewable group term assurance plans) is determined on a per policy basis using the prospective gross premium valuation methodology.

For one year renewable group term assurance plans, the liability is determined using the unearned premium method.

In case of fund based group products, the liability is determined on the basis of scheme account value allowing appropriately for the interest declared or guaranteed.

In case of Variable Insurance products, the liability is calculated by projecting the account value of the relevant scheme till the end of the current quarter using the guaranteed interest rate declared at the beginning of the quarter and then discounting this value to the valuation date using the gross expected return after applying an appropriate margin for adverse deviation.

The Company holds additional aggregate risk reserves to allow for risks that cannot be attributed to specific policies or lines of businesses. Policyholders’ liability valuation methodology and assumptions are given in Note 2 of Part C of this schedule.

8. Investments

Investments are made in accordance with the Insurance Act, 1938, the IRDA (Investment) Regulations, 2000, as amended from time to time and various circulars and notifications issued by the IRDA in this context from time to time.

Investments are recorded on trade date at cost, which includes brokerage and related taxes, if any and excludes pre-acquisition interest accrued, if any.

Bonus entitlements are recognized as investments on the ‘ex-bonus date’. Rights entitlements are recognized as investments on the ‘ex-rights date’.

Classification

Investments maturing within twelve months from the balance sheet date and investments made with the specific intention to dispose off within twelve months from the balance sheet date are classified as short-term investments. All other Investments are classified as long-term investments.

Investments are specifically made for policyholders and shareholders and held in separately maintained accounts. The income relating to these investments is recognised in the respective policyholder and shareholder account.

Valuation – Linked Funds

Listed equity shares

The Company has selected National Stock exchange (NSE) as the primary exchange and Bombay Stock exchange (BSE) as secondary exchange in line with the IRDA guidelines for Equity valuation.

Listed equity shares are valued at market value based on the closing price of the primary stock exchange (National Stock Exchange, NSE). In case the equity shares are not listed/ traded on the National Stock Exchange, they are valued on the closing price of the secondary stock exchange (Bombay Stock Exchange, BSE). Unrealised gains and losses are recognized in the respective funds’ revenue account.

Mutual funds

Mutual Fund units are valued at the previous day net asset value. Unrealised gains and losses are recognized in the respective funds’ revenue account.

Debt securities

Central & State Government securities are valued as per CRISIL Gilt prices and other debt securities are valued at prices arrived from the CRISIL Bond Valuer. Unrealised gains and losses are recognized in the respective funds’ revenue account.

Discounted money market instruments (treasury bills, certificate of deposits, commercial paper, Collateral Borrowing and Lending Obligations-CBLO, etc) are valued at accreted cost. The difference between the face value and book value is accreted over the life of the asset, on a straight line basis.

Reverse repo are valued at cost plus accrued interest on reverse repo rate.

Fixed deposits are valued at cost till the date of maturity.

Valuation – Non-Linked Policyholders’ Funds and Shareholders’ Fund

Equity shares and mutual funds

The Company has selected National Stock exchange (NSE) as the primary exchange and Bombay Stock exchange (BSE) as secondary exchange in line with the IRDA guidelines for Equity valuation.

Listed equity shares are valued at market value based on the closing price at the primary stock exchange (National Stock Exchange, NSE). In case the equity shares are not listed/ traded on the National Stock Exchange, they are valued on the closing price at the secondary stock exchange (Bombay Stock Exchange, BSE).

Mutual funds

Mutual Fund units are valued at previous day net asset values.

Unrealised gains and losses on equity shares and mutual funds are taken to the “fair value change account” and carried forward in the balance sheet.

Debt securities

All debt securities, including Government securities are considered as ‘held to maturity’ and accordingly stated at cost, subject to accretion/ amortisation of the discount/ premium on a straight line basis over the period of maturity / holding.

Discounted money market instruments (treasury bills, certificate of deposits, commercial paper, Collateral Borrowing and Lending Obligations-CBLO etc) are valued at accreted cost. The difference between the face value and book value is accreted over the life of the asset, on a straight line basis.

Reverse repo are valued at cost plus accrued interest on reverse repo rate.

Fixed deposits are valued at cost till the date of maturity.

Impairment of investments

The Company assesses on each Balance Sheet date, whether impairment other than temporary has occurred based on its investment policy.

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited

Schedules Forming part of Financial Statements for the year ended March 31, 2014

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited

Schedules Forming part of Financial Statements for the year ended March 31, 2014

FinancialsFinancials

6766

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

An impairment loss shall be recognized as an expense in Revenue / Profit and Loss Account to the extent of the difference between the re-measured fair value of the Investment and its acquisition cost as reduced by any previous impairment loss recognised as expense in Revenue / Profit and Loss Account.

However, at the Balance Sheet date if there is any indication that a previously recognised impairment loss no longer exists, then such loss is reversed in Revenue / Profit and Loss Account and the investment is reinstated to that extent.

Transfer of investments

Transfer of debt securities from Shareholders’ to Non-Linked policyholders’ fund is transacted at the lower of net amortised cost or prevailing market value. Inter fund transfer of securities relating to unit linked funds are carried at prevailing market value.

9. Fixed assets, Intangibles and Impairment

Fixed assets and depreciation

Fixed Assets are stated at cost less accumulated depreciation and impairment loss, if any. Cost includes the purchase price and any cost directly attributable to bring the asset to its working condition for its intended use. Subsequent expenditure incurred on existing fixed assets is expensed out except where such expenditure increases the future economic benefits from the existing assets. Any additions to the original fixed assets are depreciated over the remaining useful life of the original asset.

Advances paid towards the acquisition of fixed assets outstanding at each balance sheet and the cost of fixed assets not ready for its intended use as on such date are disclosed under capital work-in-progress.

Depreciation is provided on a straight-line method (SLM) basis, pro-rated from the date of being ready for its intended use. The Company uses depreciation rates higher than the minimum rates prescribed under Schedule XIV of Companies Act, 1956, based on management’s assessment of the estimated useful life for each class of asset as mentioned hereunder:

Individual Assets costing ̀ 5,000 or less are depreciated in full in the year of purchase.

Intangibles

Intangible assets are reported at acquisition cost with deductions for accumulated amortization and impairment losses, if any.

Cost relating to development of software are capitalised and amortised on a straight line basis over a period of three years or the period of the useful life, whichever is lower, from the date of being ready for its intended use. Significant improvements to software are capitalized and amortised over the remaining useful life of the original software.

Assets Type Estimated useful life considered for

depreciation purpose

Information technology and communicationequipment

3 Years

Furniture & Fittings 5 Years

Office Equipment

3 Years

Leasehold Improvements

Over the period of lease of the premises subject to maximum of 5 Years

Vehicles

3 Years

Impairment of assets

The management assesses on an annual basis, whether there is any indication that an asset may be impaired. Impairment occurs where the carrying value exceeds the present value of future cash flows expected to arise from the continuing use of the asset and its eventual disposal. The impairment loss to be expensed is determined as the excess of the carrying amount over the higher of the asset’s net sales price or present value as determined above. If at the balance sheet date there is an indication that a previously assessed impairment loss no longer exists the recoverable amount is reassessed and the asset is reflected at the recoverable amount, subject to a maximum of depreciable historical cost.

10. Foreign exchange transactions

Transactions in foreign currencies are recorded at the exchange rates prevailing on the date of transaction. Monetary assets and liabilities in foreign currencies are translated at the year-end rates. Non-monetary items, which are measured in terms of historical cost denominated in a foreign currency, are reported using the exchange rate at the date of the transaction. Exchange gains or losses arising on settlement of transactions and on account of the year end translations are recognized either in the Revenue or Profit and loss account, as the case may be.

11. Taxation

Direct Tax (Current and Deferred)

Income tax expense comprises of current tax (i.e. amount of tax for the year determined in accordance with the Income Tax Act, 1961) and deferred tax charge or credit (reflecting the tax effects of timing differences between accounting income and taxable income for the year).

Provision for current income tax is made based on the estimated tax liability computed as per the method prescribed under the Income Tax Act, 1961 for life insurance companies and is based on the surplus or deficit disclosed by the actuarial valuation made in accordance with the Insurance Act, 1938.

The deferred tax charge or credit and the corresponding deferred tax liabilities or assets are recognized using the tax rates that have been enacted or substantively enacted by the balance sheet date. The tax effect is calculated on the accumulated timing differences at the end of an accounting period based on prevailing enacted regulations.

A deferred tax asset is recognised only to the extent there is a reasonable certainty of realisation in future. However, where there is carried forward business loss under taxation laws, deferred tax assets are recognised only if there is virtual certainty of realisation of such assets. Deferred tax assets are reviewed at each balance sheet date and written up / down to reflect the amount that is reasonably/ virtually certain (as the case may be) to be realised.

Indirect Tax (Service Tax)

The Company claims credit of service tax on the input services, which is set off against service tax on the output services. Unutilised credit is carried forward for utilization in the future periods.

12. Provisions, Contingent Liabilities and Contingent Assets

A provision is recognised when there is a present obligation as a result of past event and it is probable that an outflow of resources will be required to settle the obligation, in respect of which a reliable estimate can be made. Provisions are determined based on the management’s estimate of the amount required to settle the obligation, at the balance sheet date. These are reviewed at each balance sheet date and adjusted to reflect the current management estimates.

Contingent liabilities are disclosed in respect of possible obligations that arise from past events, but their existence or otherwise would be confirmed by the occurrence or non occurrence of one or more uncertain future events not wholly within the control of the Company or present obligation that arises from past events but is not recognized because it is not probable that an outflow of resources embodying economic benefits will be required to settle the obligation or a reliable estimate of the amount of the obligation cannot be made.

Contingent assets are neither accounted nor disclosed.

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited

Schedules Forming part of Financial Statements for the year ended March 31, 2014

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited

Schedules Forming part of Financial Statements for the year ended March 31, 2014

FinancialsFinancials

6968

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

An impairment loss shall be recognized as an expense in Revenue / Profit and Loss Account to the extent of the difference between the re-measured fair value of the Investment and its acquisition cost as reduced by any previous impairment loss recognised as expense in Revenue / Profit and Loss Account.

However, at the Balance Sheet date if there is any indication that a previously recognised impairment loss no longer exists, then such loss is reversed in Revenue / Profit and Loss Account and the investment is reinstated to that extent.

Transfer of investments

Transfer of debt securities from Shareholders’ to Non-Linked policyholders’ fund is transacted at the lower of net amortised cost or prevailing market value. Inter fund transfer of securities relating to unit linked funds are carried at prevailing market value.

9. Fixed assets, Intangibles and Impairment

Fixed assets and depreciation

Fixed Assets are stated at cost less accumulated depreciation and impairment loss, if any. Cost includes the purchase price and any cost directly attributable to bring the asset to its working condition for its intended use. Subsequent expenditure incurred on existing fixed assets is expensed out except where such expenditure increases the future economic benefits from the existing assets. Any additions to the original fixed assets are depreciated over the remaining useful life of the original asset.

Advances paid towards the acquisition of fixed assets outstanding at each balance sheet and the cost of fixed assets not ready for its intended use as on such date are disclosed under capital work-in-progress.

Depreciation is provided on a straight-line method (SLM) basis, pro-rated from the date of being ready for its intended use. The Company uses depreciation rates higher than the minimum rates prescribed under Schedule XIV of Companies Act, 1956, based on management’s assessment of the estimated useful life for each class of asset as mentioned hereunder:

Individual Assets costing ̀ 5,000 or less are depreciated in full in the year of purchase.

Intangibles

Intangible assets are reported at acquisition cost with deductions for accumulated amortization and impairment losses, if any.

Cost relating to development of software are capitalised and amortised on a straight line basis over a period of three years or the period of the useful life, whichever is lower, from the date of being ready for its intended use. Significant improvements to software are capitalized and amortised over the remaining useful life of the original software.

Assets Type Estimated useful life considered for

depreciation purpose

Information technology and communicationequipment

3 Years

Furniture & Fittings 5 Years

Office Equipment

3 Years

Leasehold Improvements

Over the period of lease of the premises subject to maximum of 5 Years

Vehicles

3 Years

Impairment of assets

The management assesses on an annual basis, whether there is any indication that an asset may be impaired. Impairment occurs where the carrying value exceeds the present value of future cash flows expected to arise from the continuing use of the asset and its eventual disposal. The impairment loss to be expensed is determined as the excess of the carrying amount over the higher of the asset’s net sales price or present value as determined above. If at the balance sheet date there is an indication that a previously assessed impairment loss no longer exists the recoverable amount is reassessed and the asset is reflected at the recoverable amount, subject to a maximum of depreciable historical cost.

10. Foreign exchange transactions

Transactions in foreign currencies are recorded at the exchange rates prevailing on the date of transaction. Monetary assets and liabilities in foreign currencies are translated at the year-end rates. Non-monetary items, which are measured in terms of historical cost denominated in a foreign currency, are reported using the exchange rate at the date of the transaction. Exchange gains or losses arising on settlement of transactions and on account of the year end translations are recognized either in the Revenue or Profit and loss account, as the case may be.

11. Taxation

Direct Tax (Current and Deferred)

Income tax expense comprises of current tax (i.e. amount of tax for the year determined in accordance with the Income Tax Act, 1961) and deferred tax charge or credit (reflecting the tax effects of timing differences between accounting income and taxable income for the year).

Provision for current income tax is made based on the estimated tax liability computed as per the method prescribed under the Income Tax Act, 1961 for life insurance companies and is based on the surplus or deficit disclosed by the actuarial valuation made in accordance with the Insurance Act, 1938.

The deferred tax charge or credit and the corresponding deferred tax liabilities or assets are recognized using the tax rates that have been enacted or substantively enacted by the balance sheet date. The tax effect is calculated on the accumulated timing differences at the end of an accounting period based on prevailing enacted regulations.

A deferred tax asset is recognised only to the extent there is a reasonable certainty of realisation in future. However, where there is carried forward business loss under taxation laws, deferred tax assets are recognised only if there is virtual certainty of realisation of such assets. Deferred tax assets are reviewed at each balance sheet date and written up / down to reflect the amount that is reasonably/ virtually certain (as the case may be) to be realised.

Indirect Tax (Service Tax)

The Company claims credit of service tax on the input services, which is set off against service tax on the output services. Unutilised credit is carried forward for utilization in the future periods.

12. Provisions, Contingent Liabilities and Contingent Assets

A provision is recognised when there is a present obligation as a result of past event and it is probable that an outflow of resources will be required to settle the obligation, in respect of which a reliable estimate can be made. Provisions are determined based on the management’s estimate of the amount required to settle the obligation, at the balance sheet date. These are reviewed at each balance sheet date and adjusted to reflect the current management estimates.

Contingent liabilities are disclosed in respect of possible obligations that arise from past events, but their existence or otherwise would be confirmed by the occurrence or non occurrence of one or more uncertain future events not wholly within the control of the Company or present obligation that arises from past events but is not recognized because it is not probable that an outflow of resources embodying economic benefits will be required to settle the obligation or a reliable estimate of the amount of the obligation cannot be made.

Contingent assets are neither accounted nor disclosed.

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited

Schedules Forming part of Financial Statements for the year ended March 31, 2014

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited

Schedules Forming part of Financial Statements for the year ended March 31, 2014

FinancialsFinancials

6968

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

13. Operating Leases

Leases where the lessor effectively retains substantially all the risks and rewards of ownership over the leased term are classified as operating leases. Operating lease rentals are recognised as an expense over the lease period.

14. Staff Benefits

Short Term Employee Benefits

All employee benefits payable within twelve months of rendering the service are classified as short-term employee benefits. Benefits such as salaries, performance bonus and incentives etc. are recognized in the period in which the employee renders the related service.

Post Employment Benefits

Defined Contribution Plan

Provident fund is a defined contribution scheme and the contributions as required by the statute to Government provident fund are charged off as an expense when due.

Defined Benefit Plan

Gratuity liability is a defined benefit scheme and is wholly funded. The company accounts for the liability for future gratuity benefits based on an actuarial valuation using projected unit credit method. The company makes contribution to a Gratuity Fund administered by trustees and managed by a life insurance company.

Other Employee Benefits

The Company accrues the liability for compensated absences based on the actuarial valuation as at the balance sheet date conducted by an independent actuary using projected unit credit method.

Long term incentive plans / deferred bonuses are other long term employee benefits and are accounted for based on actuarial valuations at the year end conducted by an independent actuary using projected unit credit method.

The actuarial gains/losses due to change in actuarial valuation of such employee benefit plans are recognized in the year of occurrence for all employee benefits.

15. Segmental Reporting

In accordance with the IRDA (Preparation of Financial Statements and Auditor’s Report of Insurance Companies) Regulations, 2002 read with Accounting Standard 17 on ”Segmental Reporting”, the Company has classified and disclosed segmental information into following primary business segments

• Linked Non Participating - Life

• Linked Non Participating - Pension

• Non Linked Non Participating - Pension

• Non Linked Non Participating - Life

• Non Linked Variable - Life*

• Non Linked Variable - Pension*

• Non Linked Participating - Life*

(* Following launch of new products, segments added during the current year)

The Company operates only in India therefore the same is considered as one geographical segment.

The allocation of revenue, expenses, assets and liabilities to the business segments is done on the following basis:

• Revenue and expenses, assets and liabilities, which are directly attributable and identifiable to the business segments are allocated on actual basis.

• Expenses, which are not directly identifiable, are apportioned to the business segments on the basis of either of the following based on rationale:

(a) Number of policies issued during the year

(b) Annualized first year premium income

(c) Gross written premium

(d) Sum assured during the year

(e) First year commission

(f) Funds under management

16. Provision for doubtful debts

The need for provision is evaluated based on the recoverability of the dues. The Company regularly evaluates the probability of recovery against each class of asset and provides for doubtful deposits, advances and others receivables.

17. Earnings per share

Basic earnings per share is calculated by dividing the net profit or loss for the year attributable to equity Shareholders by the weighted average number of equity share outstanding during the year. For the purpose of calculating diluted earnings per share, the net profit or loss for the year attributable to equity Shareholders and the weighted average number of shares outstanding during the year are adjusted for the effects of all dilutive potential equity shares.

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited

Schedules Forming part of Financial Statements for the year ended March 31, 2014

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited

Schedules Forming part of Financial Statements for the year ended March 31, 2014

FinancialsFinancials

7170

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

13. Operating Leases

Leases where the lessor effectively retains substantially all the risks and rewards of ownership over the leased term are classified as operating leases. Operating lease rentals are recognised as an expense over the lease period.

14. Staff Benefits

Short Term Employee Benefits

All employee benefits payable within twelve months of rendering the service are classified as short-term employee benefits. Benefits such as salaries, performance bonus and incentives etc. are recognized in the period in which the employee renders the related service.

Post Employment Benefits

Defined Contribution Plan

Provident fund is a defined contribution scheme and the contributions as required by the statute to Government provident fund are charged off as an expense when due.

Defined Benefit Plan

Gratuity liability is a defined benefit scheme and is wholly funded. The company accounts for the liability for future gratuity benefits based on an actuarial valuation using projected unit credit method. The company makes contribution to a Gratuity Fund administered by trustees and managed by a life insurance company.

Other Employee Benefits

The Company accrues the liability for compensated absences based on the actuarial valuation as at the balance sheet date conducted by an independent actuary using projected unit credit method.

Long term incentive plans / deferred bonuses are other long term employee benefits and are accounted for based on actuarial valuations at the year end conducted by an independent actuary using projected unit credit method.

The actuarial gains/losses due to change in actuarial valuation of such employee benefit plans are recognized in the year of occurrence for all employee benefits.

15. Segmental Reporting

In accordance with the IRDA (Preparation of Financial Statements and Auditor’s Report of Insurance Companies) Regulations, 2002 read with Accounting Standard 17 on ”Segmental Reporting”, the Company has classified and disclosed segmental information into following primary business segments

• Linked Non Participating - Life

• Linked Non Participating - Pension

• Non Linked Non Participating - Pension

• Non Linked Non Participating - Life

• Non Linked Variable - Life*

• Non Linked Variable - Pension*

• Non Linked Participating - Life*

(* Following launch of new products, segments added during the current year)

The Company operates only in India therefore the same is considered as one geographical segment.

The allocation of revenue, expenses, assets and liabilities to the business segments is done on the following basis:

• Revenue and expenses, assets and liabilities, which are directly attributable and identifiable to the business segments are allocated on actual basis.

• Expenses, which are not directly identifiable, are apportioned to the business segments on the basis of either of the following based on rationale:

(a) Number of policies issued during the year

(b) Annualized first year premium income

(c) Gross written premium

(d) Sum assured during the year

(e) First year commission

(f) Funds under management

16. Provision for doubtful debts

The need for provision is evaluated based on the recoverability of the dues. The Company regularly evaluates the probability of recovery against each class of asset and provides for doubtful deposits, advances and others receivables.

17. Earnings per share

Basic earnings per share is calculated by dividing the net profit or loss for the year attributable to equity Shareholders by the weighted average number of equity share outstanding during the year. For the purpose of calculating diluted earnings per share, the net profit or loss for the year attributable to equity Shareholders and the weighted average number of shares outstanding during the year are adjusted for the effects of all dilutive potential equity shares.

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited

Schedules Forming part of Financial Statements for the year ended March 31, 2014

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited

Schedules Forming part of Financial Statements for the year ended March 31, 2014

FinancialsFinancials

7170

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited

Schedules Forming part of Financial Statements for the year ended March 31, 2014

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited

Schedules Forming part of Financial Statements for the year ended March 31, 2014

C. NOTES TO ACCOUNTS

1. Contingent Liabilities

Statutory demand and liabilities relate to the show cause cum demand notices received from the respective Tax Authorities. The Company has filed reply against the show cause cum demand notices with the relevant authorities and has been advised by the experts that the Company’s stand is well supported in law in view of which the Company does not expect any liability to arise in this regard.

2. Actuarial Assumptions

Interest Rate: The best estimate interest rate assumptions are based on the average of the returns of the various asset classes weighted by the mix of these asset classes within the fund where the returns are computed as the average 10-year Government security yields increased by the long term risk premium associated with the asset classes in question. The valuation rates of interest are subsequently derived by reducing these for adverse deviations from 15% to 25% (previous year 15% to 25%).

Mortality Rate: The mortality rates are calculated based on the “Indian Assured Lives Mortality Table (2006-08) Ultimate” (previous year IALM 1994-96). The best estimate rate for unit linked business ranges from 90% to 175% of IALM 06-08 mortality rates (previous year 80% to 155% of IALM 94-96). For conventional business it ranges from 20% to 180% of IALM 06-08 mortality rates (previous year 55% to 110% of IALM 94-96). The valuation mortality assumptions are based on increasing the best estimate rates by a margin for adverse deviation of 10% to 45% depending on the segment and product (previous year 10% to 45%).

Expenses: Best estimate maintenance expenses are derived at the levels such that when used for projecting expense recoveries based on the long term business plan, result in reasonable expense break-even year and minimize projected under-runs. The valuation expenses have been derived by increasing the best estimate assumptions by a margin for adverse deviation of 10% to 30% depending on the product (previous year 10% to 30%). The additional maintenance expenses expected to be incurred by the Company prior to reaching expense break-even have been reserved for explicitly as a “cost gap reserve” as part of the reserves.

Inflation: The valuation assumption has been fixed at 6.4% (previous year 6.4%) for all the products.

Lapses/Surrenders: The best estimate assumption for lapse/surrender ranges between 0% to 35% (previous year 0% to 30%) in first year; and from 0% to 50% in subsequent years (previous year 2% to 50%). The valuation lapse assumption has been further adjusted by a margin for adverse deviation which ranges between positive 30% to negative 100% (previous year positive 30% to negative 30%) depending on the product and the duration for which the policy has been in-force.

All Currency in ` thousands unless otherwise stated

3. Solvency Ratios

As at the end of March 31, 2014 the Company has a solvency ratio of 359% as against the required ratio of 150%.

4. Commitments made and outstanding for Loans, Investments and Fixed Assets

Estimated amount of capital commitments made and outstanding at year end for fixed assets (net of capital advances) to the extent not provided for amounts to ̀ 4,356 (previous year ̀ 146).

Commitments made and outstanding for investments and loans are ̀ Nil (previous year ̀ Nil).

5. Encumbrances

There were no encumbrances on the assets of the Company in and outside India as at the balance sheet date of current and previous year except to the extent stated in Note 13.

6. Restructured Assets

There are no assets including loans subject to re-structuring (previous year- Nil).

7. Operating Lease Commitments

In accordance with the Accounting Standard 19, the Company has taken various offices and residential premises on operating lease and leave and license agreements. Lease payments are charged off as an expense. The minimum future lease rentals payable under non-cancellable operating lease periods are as follows:

8. Claims

There is no claim which is settled and remaining unpaid for a period of more than six months as on March 31, 2014 (previous year Nil).

9. Value of unsettled contracts relating to Investments

Value of contracts in relation to investments, for:

(a) Purchases where deliveries are pending – ̀ 851,004 (previous year ̀ 455,000).

(b) Sales where payments are overdue – Nil (previous year Nil).

10. Managerial Remuneration

The appointment of managerial personnel is in accordance with the requirement of Section 34 A of the Insurance Act, 1938 and has been approved by IRDA. The details of the managerial remuneration of Mr. John D Holden, Chief Executive Officer and whole-time Director, are as under:

All Currency in ` thousands unless otherwise stated

Particulars Current Year Previous Year

Not later than one year 21,223 23,677

Later than one year but not later than five yearsLater than five years

11,058 14,757 - -

Amount charged to Revenue Account in the year 139,096 145,587

Particulars Current Year Previous Year

1. Partly paid-up investments 2. Underwriting commitments outstanding

3. Claims, other than against policies, not acknowledged as debts by the company 4. Guarantees given by or on behalf of the Company

5. Statutory demands/liabilities in dispute, not provided for 6. Reinsurance obligation to the extent not provided for in accounts

7. Others a) Claims against policies

b) Loyalty incentive

Total

-

-11,974

750474,418

-

27,440-

514,582

-

-10,982

750107,823

-

7,48615,877

142,918

FinancialsFinancials

7372

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited

Schedules Forming part of Financial Statements for the year ended March 31, 2014

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited

Schedules Forming part of Financial Statements for the year ended March 31, 2014

C. NOTES TO ACCOUNTS

1. Contingent Liabilities

Statutory demand and liabilities relate to the show cause cum demand notices received from the respective Tax Authorities. The Company has filed reply against the show cause cum demand notices with the relevant authorities and has been advised by the experts that the Company’s stand is well supported in law in view of which the Company does not expect any liability to arise in this regard.

2. Actuarial Assumptions

Interest Rate: The best estimate interest rate assumptions are based on the average of the returns of the various asset classes weighted by the mix of these asset classes within the fund where the returns are computed as the average 10-year Government security yields increased by the long term risk premium associated with the asset classes in question. The valuation rates of interest are subsequently derived by reducing these for adverse deviations from 15% to 25% (previous year 15% to 25%).

Mortality Rate: The mortality rates are calculated based on the “Indian Assured Lives Mortality Table (2006-08) Ultimate” (previous year IALM 1994-96). The best estimate rate for unit linked business ranges from 90% to 175% of IALM 06-08 mortality rates (previous year 80% to 155% of IALM 94-96). For conventional business it ranges from 20% to 180% of IALM 06-08 mortality rates (previous year 55% to 110% of IALM 94-96). The valuation mortality assumptions are based on increasing the best estimate rates by a margin for adverse deviation of 10% to 45% depending on the segment and product (previous year 10% to 45%).

Expenses: Best estimate maintenance expenses are derived at the levels such that when used for projecting expense recoveries based on the long term business plan, result in reasonable expense break-even year and minimize projected under-runs. The valuation expenses have been derived by increasing the best estimate assumptions by a margin for adverse deviation of 10% to 30% depending on the product (previous year 10% to 30%). The additional maintenance expenses expected to be incurred by the Company prior to reaching expense break-even have been reserved for explicitly as a “cost gap reserve” as part of the reserves.

Inflation: The valuation assumption has been fixed at 6.4% (previous year 6.4%) for all the products.

Lapses/Surrenders: The best estimate assumption for lapse/surrender ranges between 0% to 35% (previous year 0% to 30%) in first year; and from 0% to 50% in subsequent years (previous year 2% to 50%). The valuation lapse assumption has been further adjusted by a margin for adverse deviation which ranges between positive 30% to negative 100% (previous year positive 30% to negative 30%) depending on the product and the duration for which the policy has been in-force.

All Currency in ` thousands unless otherwise stated

3. Solvency Ratios

As at the end of March 31, 2014 the Company has a solvency ratio of 359% as against the required ratio of 150%.

4. Commitments made and outstanding for Loans, Investments and Fixed Assets

Estimated amount of capital commitments made and outstanding at year end for fixed assets (net of capital advances) to the extent not provided for amounts to ̀ 4,356 (previous year ̀ 146).

Commitments made and outstanding for investments and loans are ̀ Nil (previous year ̀ Nil).

5. Encumbrances

There were no encumbrances on the assets of the Company in and outside India as at the balance sheet date of current and previous year except to the extent stated in Note 13.

6. Restructured Assets

There are no assets including loans subject to re-structuring (previous year- Nil).

7. Operating Lease Commitments

In accordance with the Accounting Standard 19, the Company has taken various offices and residential premises on operating lease and leave and license agreements. Lease payments are charged off as an expense. The minimum future lease rentals payable under non-cancellable operating lease periods are as follows:

8. Claims

There is no claim which is settled and remaining unpaid for a period of more than six months as on March 31, 2014 (previous year Nil).

9. Value of unsettled contracts relating to Investments

Value of contracts in relation to investments, for:

(a) Purchases where deliveries are pending – ̀ 851,004 (previous year ̀ 455,000).

(b) Sales where payments are overdue – Nil (previous year Nil).

10. Managerial Remuneration

The appointment of managerial personnel is in accordance with the requirement of Section 34 A of the Insurance Act, 1938 and has been approved by IRDA. The details of the managerial remuneration of Mr. John D Holden, Chief Executive Officer and whole-time Director, are as under:

All Currency in ` thousands unless otherwise stated

Particulars Current Year Previous Year

Not later than one year 21,223 23,677

Later than one year but not later than five yearsLater than five years

11,058 14,757 - -

Amount charged to Revenue Account in the year 139,096 145,587

Particulars Current Year Previous Year

1. Partly paid-up investments 2. Underwriting commitments outstanding

3. Claims, other than against policies, not acknowledged as debts by the company 4. Guarantees given by or on behalf of the Company

5. Statutory demands/liabilities in dispute, not provided for 6. Reinsurance obligation to the extent not provided for in accounts

7. Others a) Claims against policies

b) Loyalty incentive

Total

-

-11,974

750474,418

-

27,440-

514,582

-

-10,982

750107,823

-

7,48615,877

142,918

FinancialsFinancials

7372

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited

Schedules Forming part of Financial Statements for the year ended March 31, 2014

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited

Schedules Forming part of Financial Statements for the year ended March 31, 2014

The remuneration has been recharged to HSBC (Asia-Pacific) Holdings Limited and hence, not charged to the Revenue / Profit and Loss Account. This is in line with the approval of the Board of Directors and confirmation to this effect from IRDA.

11. Segment Reporting

As per the requirements of Accounting Standard 17 read in conjunction with the IRDA (Preparation of Financial Statements and Auditor’s Report of Insurance Companies) Regulations, 2002, the Company is required to prepare a segment wise financial statement. The same is detailed as Annexure 1.

12. Investments

All investments are made in accordance with the provisions of the Insurance Act, 1938 and the IRDA (Investment) Regulations, 2000 as amended from time to time. All investments are performing investments as on March 31, 2014.

13. Investments made in accordance with statutory requirement

There are no Investments required to be made by the insurer under any local laws or are otherwise encumbered in or outside India other than the investments under Section 7 of the Insurance Act, 1938 as below. These investments are held in the constituent subsidiary general ledger account maintained with Deutsche Bank. These securities form part of Schedule 8, “Investments- Shareholders”.

Market value of above securities as at 31st March, 2014 is ̀ 106,265 (Previous Year ̀ 107,217).

14. Taxation

The taxable profits of a life insurance company are required to be computed in accordance with the provisions of Section 44 read with the Rules contained in the First Schedule of the Income Tax Act, 1961. Since the Company has brought forward business losses from previous years which are set off against current year profit, there is no taxable income for the year. Hence, the Company has not made any provision for current tax for the year under consideration.

In the absence of virtual certainty of availability of profits to realise the deferred tax assets arising on the unabsorbed business losses, deferred tax asset has not been recognized during the year.

All Currency in ` thousands unless otherwise stated

Salary and Allowances 17,988 24,211

Contribution to Provident and other funds 1,404 1,253

Value of Perquisites 12,927 10,547

TOTAL 32,319 36,012

Particulars Current Year Previous Year 15. Percentage of business sector-wise

Sector wise break-up of policies issued during the year is as follows:

The Company has issued 24 policies (previous year 18 policies), covering lives 56,669 (previous year 27,596 lives) and new business premium underwritten of ̀ 5,054 (previous year ̀ 2,456) in the social sector.

16. Allocation of investments and income thereon between Policyholders’ Account and Shareholders’ Account

The Company maintains a separate fund of the shareholders and policyholders and the relevant records are also maintained accordingly. Since the actual funds, investments and income thereon is tracked separately from inception, the allocation of investments and income is not required.

17. Percentage of risks retained and risk reinsured

18. Auditors Details

During the current year, the statutory auditors of the Company have been involved in providing various certifications that were required by various regulatory authorities and one of them has also conducted the tax audit for the Company for the year ended March 31, 2013.The Board of Directors of the Company have approved engaging of statutory auditors for providing various certifications, as mandated by regulatory framework and required in ordinary course of business.

19. Accounting Ratios

Key performance and accounting ratios are detailed as Annexure 2.

20. Summary Financial Statements

A summary of the financial statements as per the formats prescribed by IRDA in its circular dated April 29, 2003 is detailed in Annexure 3.

All Currency in ` thousands unless otherwise stated

Statutory Deposit Details

Face Value Reported Value Face Value Reported Value

7.95% Government of India 2032 35,000 30,940 35,000 30,719

8.24% Government of India 2018 12,130 12,016 11,000 10,825

8.28% Government of India 2032 66,800 71,588 60,000 65,498

8.33% Government of India 2036 1,200 1,227 1,200 1,229

Total 115,130 115,771 107,200 108,272

Current Year Previous Year

Numberof Policies

Numberof Policies

New businesspremium

New businesspremium

Current Year Previous Year

Total Business 51,444 6,058,911 73,410 6,111,536

Rural Sector

Rural Sector as a % of Total Business

14,510

28.21%

489,979

8.09%

21,523

29.32%

672,369

11.00%

Particulars

Sum at Risk % Sum at Risk %

Total Group Business 36,375,467 100.0% 36,541,472 100.0%

Current Year Previous Year

90,737,747 54.7% 95,274,497 57.1%75,030,253 45.3% 71,497,362 42.9%

Individual BusinessSum at risk retainedSum at risk reinsured

Group BusinessSum at risk retainedSum at risk reinsured

15,718,697 43.2%

24,448,094

66.9%

20,656,770 56.8% 12,093,377 33.1%

Total Individual Business 165,768,000 100.0% 166,771,859 100.0%

Particulars

FinancialsFinancials

7574

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited

Schedules Forming part of Financial Statements for the year ended March 31, 2014

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited

Schedules Forming part of Financial Statements for the year ended March 31, 2014

The remuneration has been recharged to HSBC (Asia-Pacific) Holdings Limited and hence, not charged to the Revenue / Profit and Loss Account. This is in line with the approval of the Board of Directors and confirmation to this effect from IRDA.

11. Segment Reporting

As per the requirements of Accounting Standard 17 read in conjunction with the IRDA (Preparation of Financial Statements and Auditor’s Report of Insurance Companies) Regulations, 2002, the Company is required to prepare a segment wise financial statement. The same is detailed as Annexure 1.

12. Investments

All investments are made in accordance with the provisions of the Insurance Act, 1938 and the IRDA (Investment) Regulations, 2000 as amended from time to time. All investments are performing investments as on March 31, 2014.

13. Investments made in accordance with statutory requirement

There are no Investments required to be made by the insurer under any local laws or are otherwise encumbered in or outside India other than the investments under Section 7 of the Insurance Act, 1938 as below. These investments are held in the constituent subsidiary general ledger account maintained with Deutsche Bank. These securities form part of Schedule 8, “Investments- Shareholders”.

Market value of above securities as at 31st March, 2014 is ̀ 106,265 (Previous Year ̀ 107,217).

14. Taxation

The taxable profits of a life insurance company are required to be computed in accordance with the provisions of Section 44 read with the Rules contained in the First Schedule of the Income Tax Act, 1961. Since the Company has brought forward business losses from previous years which are set off against current year profit, there is no taxable income for the year. Hence, the Company has not made any provision for current tax for the year under consideration.

In the absence of virtual certainty of availability of profits to realise the deferred tax assets arising on the unabsorbed business losses, deferred tax asset has not been recognized during the year.

All Currency in ` thousands unless otherwise stated

Salary and Allowances 17,988 24,211

Contribution to Provident and other funds 1,404 1,253

Value of Perquisites 12,927 10,547

TOTAL 32,319 36,012

Particulars Current Year Previous Year 15. Percentage of business sector-wise

Sector wise break-up of policies issued during the year is as follows:

The Company has issued 24 policies (previous year 18 policies), covering lives 56,669 (previous year 27,596 lives) and new business premium underwritten of ̀ 5,054 (previous year ̀ 2,456) in the social sector.

16. Allocation of investments and income thereon between Policyholders’ Account and Shareholders’ Account

The Company maintains a separate fund of the shareholders and policyholders and the relevant records are also maintained accordingly. Since the actual funds, investments and income thereon is tracked separately from inception, the allocation of investments and income is not required.

17. Percentage of risks retained and risk reinsured

18. Auditors Details

During the current year, the statutory auditors of the Company have been involved in providing various certifications that were required by various regulatory authorities and one of them has also conducted the tax audit for the Company for the year ended March 31, 2013.The Board of Directors of the Company have approved engaging of statutory auditors for providing various certifications, as mandated by regulatory framework and required in ordinary course of business.

19. Accounting Ratios

Key performance and accounting ratios are detailed as Annexure 2.

20. Summary Financial Statements

A summary of the financial statements as per the formats prescribed by IRDA in its circular dated April 29, 2003 is detailed in Annexure 3.

All Currency in ` thousands unless otherwise stated

Statutory Deposit Details

Face Value Reported Value Face Value Reported Value

7.95% Government of India 2032 35,000 30,940 35,000 30,719

8.24% Government of India 2018 12,130 12,016 11,000 10,825

8.28% Government of India 2032 66,800 71,588 60,000 65,498

8.33% Government of India 2036 1,200 1,227 1,200 1,229

Total 115,130 115,771 107,200 108,272

Current Year Previous Year

Numberof Policies

Numberof Policies

New businesspremium

New businesspremium

Current Year Previous Year

Total Business 51,444 6,058,911 73,410 6,111,536

Rural Sector

Rural Sector as a % of Total Business

14,510

28.21%

489,979

8.09%

21,523

29.32%

672,369

11.00%

Particulars

Sum at Risk % Sum at Risk %

Total Group Business 36,375,467 100.0% 36,541,472 100.0%

Current Year Previous Year

90,737,747 54.7% 95,274,497 57.1%75,030,253 45.3% 71,497,362 42.9%

Individual BusinessSum at risk retainedSum at risk reinsured

Group BusinessSum at risk retainedSum at risk reinsured

15,718,697 43.2%

24,448,094

66.9%

20,656,770 56.8% 12,093,377 33.1%

Total Individual Business 165,768,000 100.0% 166,771,859 100.0%

Particulars

FinancialsFinancials

7574

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited

Schedules Forming part of Financial Statements for the year ended March 31, 2014

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited

Schedules Forming part of Financial Statements for the year ended March 31, 2014

All Currency in ` thousands unless otherwise stated

Marketing support 147,195 147,482

Business development - - Outsourcing fees 62,816 51,580

Particulars Current Year Previous Year

21. Transfer from/to Revenue Account

During the current year, the net surplus of ̀ 296,498 is being transferred from policyholders’ account to shareholders account. The segment wise details are tabulated below:

Contribution made by the shareholders to the Individual Participating policyholder’s Account

As at the year end, an amount of ̀ 434,529 (previous year ̀ Nil) has been contributed from shareholders account to the policyholders’ account to make good the deficit in the Individual Participating business. The above transfer is irreversible in nature and will not be recouped to the shareholders account at any point of time in the future. The said transfer is made subject to the approval of shareholders by way of special resolution at the ensuing Extraordinary General Meeting.

The Bonus to participating policyholders, for current year as recommended by Appointed Actuary has been included in change in valuation against policies in force.

22. Related Party Disclosures

During the financial year the Company had transactions with related parties as defined in the Accounting Standard 18. Lists of such transactions are disclosed as a part of the “Related party disclosures” and detailed in Annexure 4.

23. Computation of Earnings Per Share

Earnings per share are calculated by dividing the net profit or loss for the year attributable to equity shareholders by the weighted average number of equity shares outstanding during the year. The calculations are as under:

24. Micro, Small and Medium Enterprises Development Act, 2006

The Company has not received any intimation from its vendors regarding their status under Micro, Small and Medium Enterprises Development Act, 2006.

25. Disclosure of Certain Expenses

As required under Circular No. 067/IRDA/F&A/CIR/MAR -08 dated March 28, 2008, expenses incurred under the following heads are as follows:

26. Staff Benefits

(a) Gratuity:

The Company provides for gratuity, a defined benefit retirement plan. The rules of the gratuity scheme are same as those provided in The Payment of Gratuity Act, 1972.

Reconciliation of the opening and closing balance of the present value of the defined benefit obligation for gratuity benefits is detailed in Annexure 5(1). This is based on an independent actuarial valuation as on March 31, 2014.

(b) Provident Fund:

The Company makes contribution towards employees’ provident fund scheme as well as employees’ pension scheme, a defined contribution plan. The Company’s contribution for the year amounts to ̀ 37,390 (previous year ` 33,744) and ̀ 5,904 (previous year ̀ 5,624) respectively. The related expenses have been recognized in Revenue and Profit & Loss account under "Employees’ remuneration and welfare benefits".

(c) Leave Encashment:

The Company accrues the liability for leave encashment based on the actuarial valuation as at the balance sheet date conducted by an independent actuary and is detailed in Annexure 5(2).

(d) Long Term Incentive Plan / Deferred Bonus:

The Company accrues for the liability for the long term incentive plan / deferred bonus based on the actuarial valuation as at the balance sheet date conducted by an independent actuary. The related expenses have been recognized in Revenue and Profit & Loss account under "Employees’ remuneration and welfare benefits".

(e) Accumulated Compensated Absences:

The Company accrues for the liability on account of accumulated compensated absences based on the actuarial valuation as at the balance sheet date conducted by an independent actuary. The related expenses have been recognized in Revenue and Profit & Loss account under "Employees’ remuneration and welfare benefits".

27. Foreign exchange gain/(loss)

The Company has recorded foreign exchange loss of ̀ 253 (previous year loss ̀ 201).

28. Foreign currency exposure

The year-end foreign currency exposures that have not been hedged by a derivative instrument or otherwise are Nil (previous year Nil).

All Currency in ` thousands unless otherwise stated

*Negative figures represent Contribution to Policyholders’ account

Particulars

Total

Current Year

296,498

Previous Year

(2,250)

Linked Non Participating – Life 939,478 526,703

Linked Non Participating – Pension 389,006 (57,859)

Non Linked Non Participating – Pension (89,801) (35,755)

Non Linked Non Participating – Life (488,176) (435,339)

Non Linked Variable – Life (17,857) -

Non Linked Variable – Pension (1,623) -

Non Linked Participating – Life (434,529) -

FinancialsFinancials

76 77

Particulars Current Year Previous Year

Net profit/(loss) available for equity Shareholders 661,949 234,971Weighted average number of equity shares outstanding duringthe year

950,000,000 916,712,329

Basic and diluted earnings per equity share (amount in absolute `) 0.70

0.26Face value per equity share (amount in absolute `) 10 10

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited

Schedules Forming part of Financial Statements for the year ended March 31, 2014

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited

Schedules Forming part of Financial Statements for the year ended March 31, 2014

All Currency in ` thousands unless otherwise stated

Marketing support 147,195 147,482

Business development - - Outsourcing fees 62,816 51,580

Particulars Current Year Previous Year

21. Transfer from/to Revenue Account

During the current year, the net surplus of ̀ 296,498 is being transferred from policyholders’ account to shareholders account. The segment wise details are tabulated below:

Contribution made by the shareholders to the Individual Participating policyholder’s Account

As at the year end, an amount of ̀ 434,529 (previous year ̀ Nil) has been contributed from shareholders account to the policyholders’ account to make good the deficit in the Individual Participating business. The above transfer is irreversible in nature and will not be recouped to the shareholders account at any point of time in the future. The said transfer is made subject to the approval of shareholders by way of special resolution at the ensuing Extraordinary General Meeting.

The Bonus to participating policyholders, for current year as recommended by Appointed Actuary has been included in change in valuation against policies in force.

22. Related Party Disclosures

During the financial year the Company had transactions with related parties as defined in the Accounting Standard 18. Lists of such transactions are disclosed as a part of the “Related party disclosures” and detailed in Annexure 4.

23. Computation of Earnings Per Share

Earnings per share are calculated by dividing the net profit or loss for the year attributable to equity shareholders by the weighted average number of equity shares outstanding during the year. The calculations are as under:

24. Micro, Small and Medium Enterprises Development Act, 2006

The Company has not received any intimation from its vendors regarding their status under Micro, Small and Medium Enterprises Development Act, 2006.

25. Disclosure of Certain Expenses

As required under Circular No. 067/IRDA/F&A/CIR/MAR -08 dated March 28, 2008, expenses incurred under the following heads are as follows:

26. Staff Benefits

(a) Gratuity:

The Company provides for gratuity, a defined benefit retirement plan. The rules of the gratuity scheme are same as those provided in The Payment of Gratuity Act, 1972.

Reconciliation of the opening and closing balance of the present value of the defined benefit obligation for gratuity benefits is detailed in Annexure 5(1). This is based on an independent actuarial valuation as on March 31, 2014.

(b) Provident Fund:

The Company makes contribution towards employees’ provident fund scheme as well as employees’ pension scheme, a defined contribution plan. The Company’s contribution for the year amounts to ̀ 37,390 (previous year ` 33,744) and ̀ 5,904 (previous year ̀ 5,624) respectively. The related expenses have been recognized in Revenue and Profit & Loss account under "Employees’ remuneration and welfare benefits".

(c) Leave Encashment:

The Company accrues the liability for leave encashment based on the actuarial valuation as at the balance sheet date conducted by an independent actuary and is detailed in Annexure 5(2).

(d) Long Term Incentive Plan / Deferred Bonus:

The Company accrues for the liability for the long term incentive plan / deferred bonus based on the actuarial valuation as at the balance sheet date conducted by an independent actuary. The related expenses have been recognized in Revenue and Profit & Loss account under "Employees’ remuneration and welfare benefits".

(e) Accumulated Compensated Absences:

The Company accrues for the liability on account of accumulated compensated absences based on the actuarial valuation as at the balance sheet date conducted by an independent actuary. The related expenses have been recognized in Revenue and Profit & Loss account under "Employees’ remuneration and welfare benefits".

27. Foreign exchange gain/(loss)

The Company has recorded foreign exchange loss of ̀ 253 (previous year loss ̀ 201).

28. Foreign currency exposure

The year-end foreign currency exposures that have not been hedged by a derivative instrument or otherwise are Nil (previous year Nil).

All Currency in ` thousands unless otherwise stated

*Negative figures represent Contribution to Policyholders’ account

Particulars

Total

Current Year

296,498

Previous Year

(2,250)

Linked Non Participating – Life 939,478 526,703

Linked Non Participating – Pension 389,006 (57,859)

Non Linked Non Participating – Pension (89,801) (35,755)

Non Linked Non Participating – Life (488,176) (435,339)

Non Linked Variable – Life (17,857) -

Non Linked Variable – Pension (1,623) -

Non Linked Participating – Life (434,529) -

FinancialsFinancials

76 77

Particulars Current Year Previous Year

Net profit/(loss) available for equity Shareholders 661,949 234,971Weighted average number of equity shares outstanding duringthe year

950,000,000 916,712,329

Basic and diluted earnings per equity share (amount in absolute `) 0.70

0.26Face value per equity share (amount in absolute `) 10 10

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited

Schedules Forming part of Financial Statements for the year ended March 31, 2014

29. Details for person in charge of management of the business under Section 11(2) of the Insurance Act, 1938

30. Historical Cost of Investment

The historical cost of those investments whose reported value is based on fair value are:

31. Additional Disclosures as per requirements of IRDA

Unit linked disclosures as required by IRDA circular No. 054/IRDA/F & A/FEB-07 dated February 20, 2007 is detailed as Annexure 6.

32. Penal Actions against the Company by various Government Agencies

As required by circular no. 005/IRDA/F&A/CIR/May-09 dated 7th May, 2009, a “Nil” report is detailed as Annexure 7.

33. Controlled Fund

As required by circular no. IRDA/F&I/CIR/F&A/045/03/2010 dated 17th March, 2010 the reconciliation statement is detailed as Annexure 8.

34. Treatment of Unclaimed Amount of Policyholders

As required by circular No. IRDA/F&I/CIR/CMP/174/11/2010 dated 4th November 2010, a statement showing age-wise analysis of the unclaimed amount of the policyholders is detailed as Annexure 9.

35. Disclosures regarding Repo/Reverse Repo transactions

As required by circular No. IRDA/F&I/CIR/INV/250/12/2012 dated 4th Dec 2012 issued by IRDA, details on participation of insurers in Reverse Repo transactions are detailed as Annexure 10.

36. Disclosures regarding discontinued policies

As required by circular no. IRDA/Reg/2/52/2010 dated 1st July 2010 relating to the treatment of discontinued linked insurance policies, the disclosures are detailed under Annexure 11.

37. Processing of Unit Linked Applications received on 31st March, 2014

All Currency in ` thousands unless otherwise stated

The Company has complied with the extant guidelines under Point 13 (D) (5) of the IRDA (Investment) (Fifth Amendment) Regulations, 2013 governing the applicability of the NAV for the processing of the Unit Linked applications received on the last business day of the Financial Year.

38. Assets held to cover Policyholders’ liabilities adequately

39. Revaluation of Investment Property

The Company does not have any Investment in real estate property and hence no revaluation is required.

40. Previous year figures

Previous year figures have been regrouped as and where required to confirm to the current year presentation. The explanations for the regroupings are as under:

For and on behalf of the Board of Directors

R K Dubey Harpal Karlcut S L Bansal Chairman Alternate Director Director (DIN : 03302782) (DIN : 02000801) (DIN : 02910086)

John Holden Chirag Rathod Anuj Mathur Chief Executive Officer & Appointed Actuary Chief Financial Officer & Whole-time Director Company Secretary (DIN : 03301957) (FCS : 5057)

Place: Gurgaon Date: May 09,2014

All Currency in ` thousands unless otherwise stated

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited

Schedules Forming part of Financial Statements for the year ended March 31, 2014

Name Description Directorship held as at March 31, 2014 Occupation

John D Holden Chief Executive Officer &Whole-time Director

Canara HSBC Oriental Bank of CommerceLife Insurance Company Limited Service

Current Year Previous Year

291,307

365,242

62,174,401

291,100 365,040

54,191,536

400,140 340,060

46,729,512

401,144 340,151

49,424,911

Particulars Reported value

Historical Value

Investments-Shareholders (Schedule 8) Investments-Policyholders (Schedule 8A) Assets held to cover Linked Liabilities (Schedule 8B)

Reported value

Historical Value

Policyholders’ liabilities - Linked & Non-Linked

Assets held to cover Linked Liabilities - Schedule 8B

Policyholders' Investments as per Schedule 8A

Fair Value Change Account (Net) in policyholders' funds

Bank balance under Schedule 11

Other receivables under Schedule 12 - Advances and other assets

Other payable under Schedule 13 - Current Liabilities

78,921,944

15,602,939

63,444,700

(202)

10,810

1,023,512

(572,570)

60,894,135

9,198,966

50,640,177

(91)

9,167

1,263,895

(214,082)

Particulars Current Year Previous Year

Assets held to cover Policyholders' Liabilities

Previousyear

schedule

Current year

schedule

Account Head

Previous YearLine Item

Current Year Line Item

Amount

Explanation

3 TrainingEvents

Advertisement and publicity 3 Training expenses 133,849

Regrouped for in linewith nature of activity forappropriate presentation

FinancialsFinancials

7978

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited

Schedules Forming part of Financial Statements for the year ended March 31, 2014

29. Details for person in charge of management of the business under Section 11(2) of the Insurance Act, 1938

30. Historical Cost of Investment

The historical cost of those investments whose reported value is based on fair value are:

31. Additional Disclosures as per requirements of IRDA

Unit linked disclosures as required by IRDA circular No. 054/IRDA/F & A/FEB-07 dated February 20, 2007 is detailed as Annexure 6.

32. Penal Actions against the Company by various Government Agencies

As required by circular no. 005/IRDA/F&A/CIR/May-09 dated 7th May, 2009, a “Nil” report is detailed as Annexure 7.

33. Controlled Fund

As required by circular no. IRDA/F&I/CIR/F&A/045/03/2010 dated 17th March, 2010 the reconciliation statement is detailed as Annexure 8.

34. Treatment of Unclaimed Amount of Policyholders

As required by circular No. IRDA/F&I/CIR/CMP/174/11/2010 dated 4th November 2010, a statement showing age-wise analysis of the unclaimed amount of the policyholders is detailed as Annexure 9.

35. Disclosures regarding Repo/Reverse Repo transactions

As required by circular No. IRDA/F&I/CIR/INV/250/12/2012 dated 4th Dec 2012 issued by IRDA, details on participation of insurers in Reverse Repo transactions are detailed as Annexure 10.

36. Disclosures regarding discontinued policies

As required by circular no. IRDA/Reg/2/52/2010 dated 1st July 2010 relating to the treatment of discontinued linked insurance policies, the disclosures are detailed under Annexure 11.

37. Processing of Unit Linked Applications received on 31st March, 2014

All Currency in ` thousands unless otherwise stated

The Company has complied with the extant guidelines under Point 13 (D) (5) of the IRDA (Investment) (Fifth Amendment) Regulations, 2013 governing the applicability of the NAV for the processing of the Unit Linked applications received on the last business day of the Financial Year.

38. Assets held to cover Policyholders’ liabilities adequately

39. Revaluation of Investment Property

The Company does not have any Investment in real estate property and hence no revaluation is required.

40. Previous year figures

Previous year figures have been regrouped as and where required to confirm to the current year presentation. The explanations for the regroupings are as under:

For and on behalf of the Board of Directors

R K Dubey Harpal Karlcut S L Bansal Chairman Alternate Director Director (DIN : 03302782) (DIN : 02000801) (DIN : 02910086)

John Holden Chirag Rathod Anuj Mathur Chief Executive Officer & Appointed Actuary Chief Financial Officer & Whole-time Director Company Secretary (DIN : 03301957) (FCS : 5057)

Place: Gurgaon Date: May 09,2014

All Currency in ` thousands unless otherwise stated

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited

Schedules Forming part of Financial Statements for the year ended March 31, 2014

Name Description Directorship held as at March 31, 2014 Occupation

John D Holden Chief Executive Officer &Whole-time Director

Canara HSBC Oriental Bank of CommerceLife Insurance Company Limited Service

Current Year Previous Year

291,307

365,242

62,174,401

291,100 365,040

54,191,536

400,140 340,060

46,729,512

401,144 340,151

49,424,911

Particulars Reported value

Historical Value

Investments-Shareholders (Schedule 8) Investments-Policyholders (Schedule 8A) Assets held to cover Linked Liabilities (Schedule 8B)

Reported value

Historical Value

Policyholders’ liabilities - Linked & Non-Linked

Assets held to cover Linked Liabilities - Schedule 8B

Policyholders' Investments as per Schedule 8A

Fair Value Change Account (Net) in policyholders' funds

Bank balance under Schedule 11

Other receivables under Schedule 12 - Advances and other assets

Other payable under Schedule 13 - Current Liabilities

78,921,944

15,602,939

63,444,700

(202)

10,810

1,023,512

(572,570)

60,894,135

9,198,966

50,640,177

(91)

9,167

1,263,895

(214,082)

Particulars Current Year Previous Year

Assets held to cover Policyholders' Liabilities

Previousyear

schedule

Current year

schedule

Account Head

Previous YearLine Item

Current Year Line Item

Amount

Explanation

3 TrainingEvents

Advertisement and publicity 3 Training expenses 133,849

Regrouped for in linewith nature of activity forappropriate presentation

FinancialsFinancials

7978

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

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8180

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

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S

-

-

-

-

-

-

-

13

2,3

70

1

32,3

70

CU

RR

ENT

ASS

ETS

C

ash

& B

ank

Bal

ance

s 5

06

5

28

3

,75

0

4,5

00

5

25

3

0

97

1

48

0,4

65

4

91,2

75

A

dvan

ces &

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s 2

2,0

12

9

,48

2

21

8,7

66

5

49

,95

3

7,1

80

4

67

2

15

,65

2

71

0,5

82

1

,734,0

94

Su

b-T

ota

l (A

)

22,5

18

10,0

10

222,5

16

554,4

53

7,7

05

497

216,6

23

1,1

91,0

47

2,2

25,3

69

CU

RR

ENT

LIA

BIL

ITIE

S -

-

-

28

0,7

64

-

-

29

1,8

06

2

,38

2,5

89

2

,955,1

59

PR

OV

ISIO

NS

-

-

-

-

-

-

-

13

,67

0

13,6

70

Su

b-T

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-

-

-

2

80,7

64

-

-

2

91,8

06

2,3

96,2

59

2,9

68,8

29

NET

CU

RR

ENT

ASS

ETS

(C) =

(A –

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22,5

18

10,0

10

222,5

16

273,6

89

7,7

05

497

(75,1

83)

(1,2

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(743,4

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MIS

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51,7

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230,3

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614,6

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89,6

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tal B

an

k o

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om

pan

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trati

on

No

. 136; D

ate

of

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trati

on

: M

ay

8, 2008

stA

nn

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res

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16 f

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icip

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FinancialsFinancials

8180

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

SO

UR

CE

S O

F F

UN

DS

SHA

RE

HO

LDE

RS’

FU

ND

S:

SHA

RE

CA

PIT

AL

-

-

-

-

-

-

-

9,5

00

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0

9,5

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00

RES

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ES A

ND

SU

RPLU

S -

-

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-

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CR

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/[D

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IR V

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HA

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1,0

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-

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91

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-

796,5

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-

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290,4

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17

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5,9

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A

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1

-

-

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-

-

-

2,6

49,1

17

Pro

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for

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ked

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bilit

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46,8

04,6

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2,1

98,6

12

-

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-

-

-

4

9,0

03,2

33

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223,1

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Su

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49,2

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2,4

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5,9

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62

-

-

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-

6

0,8

94,2

26

Fund

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TO

TA

L

49,2

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89,0

37

3,2

25,2

93

5,9

41,7

62

-

-

-

1

0,7

51,0

04

71,6

45,2

30

AP

PLIC

AT

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-

4,3

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1

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81

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02

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7

20

2,8

78

3

,15

3,8

33

5

,13

9,3

68

-

-

-

-

9,1

98,9

66

Ass

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s 4

8,4

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,56

5

2,1

98

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2

-

-

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-

- 5

0,6

40,1

77

LOA

NS

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-

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8

7,0

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1

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92

3,3

17

-

-

-

56

8,1

39

1

,832,0

34

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b-T

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)

93,6

82

87,5

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164,3

83

927,4

50

-

-

-

1

,812,6

60

3,0

85,7

22

CU

RR

ENT

LIA

BIL

ITIE

S -

-

9

2,9

23

1

21

,15

9

-

-

-

2,8

74

,27

0

3,0

88,3

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PR

OV

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NS

-

-

-

-

-

-

-

4,5

70

4

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)

-

-

9

2,9

23

121,1

59

-

-

-

2

,878,8

40

3,0

92,9

22

NET

CU

RR

ENT

ASS

ETS

(C) =

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93,6

82

87,5

47

71,4

60

806,2

91

-

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3,8

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2,4

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3,2

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an

k o

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om

merc

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ife I

nsu

ran

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om

pan

y Lim

ited

Regis

trati

on

No

. 136; D

ate

of

Regis

trati

on

: M

ay

8, 2008

stA

nn

exu

res

to S

ched

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16 f

or

the y

ear

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31

Marc

h, 2014

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ari

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en

sio

n (`

'000)

No

n L

ink

ed

P

art

icip

ati

ng -

Life

(`

'000)

FinancialsFinancials

8382

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

SO

UR

CE

S O

F F

UN

DS

SHA

RE

HO

LDE

RS’

FU

ND

S:

SHA

RE

CA

PIT

AL

-

-

-

-

-

-

-

9,5

00

,00

0

9,5

00,0

00

RES

ERV

ES A

ND

SU

RPLU

S -

-

-

-

-

-

-

1,2

50

,00

0

1,2

50,0

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CR

EDIT

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EBIT

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IR V

ALU

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HA

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1,0

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1

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RR

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5

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91

PO

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96

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2

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796,5

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-

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290,4

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on

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on

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7

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-

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3,2

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5

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17

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5,9

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Pro

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04,6

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98,6

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4

9,0

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33

Fund

s fo

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Fund

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TA

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3,2

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5,9

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1

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81

Polic

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7

20

2,8

78

3

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3,8

33

5

,13

9,3

68

-

-

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9,1

98,9

66

Ass

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92

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83

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1

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85,7

22

CU

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ITIE

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9

2,9

23

1

21

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9

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2,8

74

,27

0

3,0

88,3

52

PR

OV

ISIO

NS

-

-

-

-

-

-

-

4,5

70

4

,570

Su

b-T

ota

l (B

)

-

-

9

2,9

23

121,1

59

-

-

-

2

,878,8

40

3,0

92,9

22

NET

CU

RR

ENT

ASS

ETS

(C) =

(A –

B)

93,6

82

87,5

47

71,4

60

806,2

91

-

-

-

(1,0

66,1

80)

(7,2

00)

MIS

CEL

LAN

EOU

S EX

PEN

DIT

UR

E -

-

-

-

-

-

-

-

-

(to

the

exte

nt n

ot w

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en o

ff o

r adj

uste

d)

DEB

IT B

ALA

NC

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PR

OFI

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LO

SS A

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-

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7,3

39

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56

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Co

ntro

l Acc

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t -

-

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97

) -

-

-

3,8

97

-

TO

TA

L

49,2

38,1

34

2,4

89,0

37

3,2

25,2

93

5,9

41,7

62

-

-

-

10,7

51,0

04

71,6

45,2

30

An

nexu

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ME

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AL B

ALA

NC

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AS

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31

MA

RC

H 2

013

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icu

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No

nP

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(`

'000)

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n-L

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ed

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nP

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cip

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g -

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sio

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ink

ed

No

nP

art

icip

ati

ng -

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(`

'000)

No

n L

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Vari

ab

le -

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(` '0

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To

tal

(`

'000)

FO

RM

A-B

SN

am

e o

f th

e I

nsu

rer:

Can

ara

HS

BC

Ori

en

tal B

an

k o

f C

om

merc

e L

ife I

nsu

ran

ce C

om

pan

y Lim

ited

Regis

trati

on

No

. 136; D

ate

of

Regis

trati

on

: M

ay

8, 2008

stA

nn

exu

res

to S

ched

ule

16 f

or

the y

ear

en

ded

31

Marc

h, 2014

Sh

are

ho

lder

(` '0

00)

No

n L

ink

ed

V

ari

ab

le -

P

en

sio

n (`

'000)

No

n L

ink

ed

P

art

icip

ati

ng -

Life

(`

'000)

FinancialsFinancials

8382

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Pre

miu

ms

earn

ed

– n

et

(a

) Pr

emiu

m

1-A

1

1,9

82

,43

2

27

2,7

52

1

,11

5,8

00

4

,05

1,1

72

2

26

,12

9

20

,00

0

39

0,5

37

1

8,0

58,8

22

(b

) R

eins

uran

ce c

eded

(9

3,0

40

) (7

) -

(46

,91

3)

-

-

(64

) (140,0

24)

(c

) R

eins

uran

ce a

ccep

ted

-

-

-

-

-

-

-

-

S

ub

To

tal

1

1,8

89,3

92

272,7

45

1,1

15,8

00

4,0

04,2

59

226,1

29

20,0

00

390,4

73

17,9

18,7

98

Inco

me fr

om

Inve

stm

en

ts

(a

) In

tere

st, D

ivid

ends

and

Ren

t – G

ross

2,1

79

,99

3

10

8,7

34

3

51

,21

8

63

5,8

77

1

98

7

18

1

,20

8

3,2

77,9

46

(b

) Pr

ofit

on

sale

/red

empt

ion

of i

nves

tmen

ts

2

,04

4,3

22

9

1,6

85

5

,76

8

11

,87

4

6

40

6

5

2,1

53,7

60

(c

) (L

oss

on

sale

/ red

empt

ion

of i

nves

tmen

ts)

(1

,61

4,7

34

) (7

2,9

38

) (2

) (1

) -

-

-

(1,6

87,6

75)

(d

) Tr

ansf

er/G

ain

on

reva

luat

ion/

chan

ge in

fair

val

ue

4

,99

2,7

91

2

25

,32

5

-

-

-

-

-

5,2

18,1

16

S

ub

To

tal

7,6

02,3

72

352,8

06

356,9

84

647,7

50

204

758

1,2

73

8,9

62,1

47

Oth

er In

com

e

(a

) C

ont

ribu

tion

fro

m th

e Sh

areh

old

ers'

A/c

-

-

89

,80

1

48

8,1

76

1

7,8

57

1

,62

3

43

4,5

29

1

,031,9

86

(b

) M

isce

llane

ous

Inco

me

5

2

-

-

4,0

60

-

-

-

4,1

12

T

OT

AL (A

)

19,4

91,8

16

625,5

51

1,5

62,5

85

5,1

44,2

45

244,1

90

22,3

81

826,2

75

27,9

17,0

43

Co

mm

issi

on

2-A

1

09

,72

0

4,8

87

-

15

0,9

59

4

23

1

00

1

03

,67

6

369,7

65

Ope

ratin

g Ex

pens

es r

elat

ed to

Insu

ranc

e B

usin

ess

3-B

1

,52

4,3

28

1

5,5

85

6

8,5

08

9

02

,68

5

13

,44

2

1,1

83

1

07

,72

4

2,6

33,4

55

Pro

visi

on

for D

oub

tful d

ebts

1

,92

1

9

38

6

64

8

1

-

2,6

41

Bad

deb

t to

be

wri

tten

off

83

6

1

4

78

1

-

-

920

Pro

visi

on

for T

axat

ion

-

-

-

-

-

-

-

-

Pro

visi

ons

(oth

er th

an ta

xatio

n)

(a

) Fo

r dim

inut

ion

in th

e va

lue

of i

nves

tmen

ts (N

et)

-

-

-

-

-

-

-

-

(b

) O

ther

s

-

-

-

-

-

-

-

-

T

OT

AL (B

)

1,6

36,8

05

20,4

82

68,5

50

1,0

54,3

86

13,8

74

1,2

84

211,4

00

3,0

06,7

81

Ben

efits

Pai

d (N

et)

4-A

4

,26

2,6

44

4

46

,29

6

16

7,5

99

6

77

,19

7

-

-

23

3

5,5

53,9

69

Inte

rim

Bo

nuse

s Pai

d

-

-

-

-

-

-

-

-

Cha

nge

in v

alua

tion

of l

iabi

lity

in re

spec

t of l

ife p

olic

ies

(a

) G

ross

1

2,6

52

,88

9

(23

0,2

33

) 1

,32

6,4

36

3

,41

2,6

62

2

30

,31

6

21

,09

7

61

4,6

42

1

8,0

27,8

09

(b

) A

mo

unt c

eded

in R

eins

uran

ce

-

-

-

-

-

-

-

-

(c

) A

mo

unt a

ccep

ted

in R

eins

uran

ce

-

-

-

-

-

-

-

-

To

tal (

C)

1

6,9

15,5

33

216,0

63

1,4

94,0

35

4,0

89,8

59

230,3

16

21,0

97

614,8

75

23,5

81,7

78

T

OT

AL (B

+C

)

18,5

52,3

38

236,5

45

1,5

62,5

85

5,1

44,2

45

244,1

90

22,3

81

826,2

75

26,5

88,5

59

SU

RP

LU

S/D

EF

ICIT

(D

)=(A

)-(B

)-(C

)

939,4

78

389,0

06

-

-

-

-

-

1

,328,4

84

AP

PR

OP

RIA

TIO

NS

Tran

sfer

to S

hare

hold

ers’

Acc

oun

t

93

9,4

78

3

89

,00

6

-

-

-

-

-

1,3

28,4

84

Tran

sfer

to O

ther

Res

erve

s

-

-

-

-

-

-

-

-

Bal

ance

bei

ng F

unds

for F

utur

e A

ppro

pria

tions

-

-

-

-

-

-

-

-

T

OT

AL (D

)

939,4

78

389,0

06

-

-

-

-

-

1

,328,4

84

The

bre

ak u

p o

f to

tal s

urpl

us is

as u

nder

:

(a

) In

teri

m B

onu

ses P

aid

-

-

-

-

-

-

-

-

(b

) A

lloca

tion

of

Bo

nus t

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olic

yho

lder

s

-

-

-

-

-

-

5,4

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5

,450

(c

) Su

rplu

s sho

wn

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e R

even

ue A

cco

unt

9

39

,47

8

38

9,0

06

-

-

-

-

-

1,3

28,4

84

(d

) To

tal S

urpl

us: (

(a)+

(b)+

(c))

93

9,4

78

3

89

,00

6

-

-

-

-

5,4

50

1

,333,9

34

An

nexu

re 1

stS

EG

ME

NT

AL R

EV

EN

UE

AC

CO

UN

T F

OR

TH

E P

ER

IOD

EN

DE

D 3

1 M

AR

CH

2014

Po

licy

ho

lders

’ A

cco

un

t (

Tech

nic

al A

cco

un

t)

Part

icu

lars

To

tal

(`

'000)

Fo

rm

A-R

AN

am

e o

f th

e I

nsu

rer:

Can

ara

HS

BC

Ori

en

tal B

an

k o

f C

om

merc

e L

ife I

nsu

ran

ce C

om

pan

y Lim

ited

Regis

trati

on

No

. 136; D

ate

of

Regis

trati

on

: M

ay

8, 2008

stA

nn

exu

res

to S

ched

ule

16 f

or

the y

ear

en

ded

31

Marc

h, 2014

Lin

ked

No

nP

art

icip

ati

ng -

Life

(`

'000)

Lin

ked

No

nP

art

icip

ati

ng -

P

en

sio

n (`

'000)

No

n-L

ink

ed

No

nP

arti

cip

atin

g -

P

en

sio

n (`

'000)

No

n-L

ink

ed

No

nP

art

icip

ati

ng -

Life

(`

'000)

No

n L

ink

ed

Vari

ab

le -

Life

(` '0

00)

No

n L

ink

ed

V

ari

ab

le -

P

en

sio

n (`

'000)

No

n L

ink

ed

P

art

icip

ati

ng -

Life

(`

'000)

Sch

ed

ule

FinancialsFinancials

8584

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Pre

miu

ms

earn

ed

– n

et

(a

) Pr

emiu

m

1-A

1

1,9

82

,43

2

27

2,7

52

1

,11

5,8

00

4

,05

1,1

72

2

26

,12

9

20

,00

0

39

0,5

37

1

8,0

58,8

22

(b

) R

eins

uran

ce c

eded

(9

3,0

40

) (7

) -

(46

,91

3)

-

-

(64

) (140,0

24)

(c

) R

eins

uran

ce a

ccep

ted

-

-

-

-

-

-

-

-

S

ub

To

tal

1

1,8

89,3

92

272,7

45

1,1

15,8

00

4,0

04,2

59

226,1

29

20,0

00

390,4

73

17,9

18,7

98

Inco

me fr

om

Inve

stm

en

ts

(a

) In

tere

st, D

ivid

ends

and

Ren

t – G

ross

2,1

79

,99

3

10

8,7

34

3

51

,21

8

63

5,8

77

1

98

7

18

1

,20

8

3,2

77,9

46

(b

) Pr

ofit

on

sale

/red

empt

ion

of i

nves

tmen

ts

2

,04

4,3

22

9

1,6

85

5

,76

8

11

,87

4

6

40

6

5

2,1

53,7

60

(c

) (L

oss

on

sale

/ red

empt

ion

of i

nves

tmen

ts)

(1

,61

4,7

34

) (7

2,9

38

) (2

) (1

) -

-

-

(1,6

87,6

75)

(d

) Tr

ansf

er/G

ain

on

reva

luat

ion/

chan

ge in

fair

val

ue

4

,99

2,7

91

2

25

,32

5

-

-

-

-

-

5,2

18,1

16

S

ub

To

tal

7,6

02,3

72

352,8

06

356,9

84

647,7

50

204

758

1,2

73

8,9

62,1

47

Oth

er In

com

e

(a

) C

ont

ribu

tion

fro

m th

e Sh

areh

old

ers'

A/c

-

-

89

,80

1

48

8,1

76

1

7,8

57

1

,62

3

43

4,5

29

1

,031,9

86

(b

) M

isce

llane

ous

Inco

me

5

2

-

-

4,0

60

-

-

-

4,1

12

T

OT

AL (A

)

19,4

91,8

16

625,5

51

1,5

62,5

85

5,1

44,2

45

244,1

90

22,3

81

826,2

75

27,9

17,0

43

Co

mm

issi

on

2-A

1

09

,72

0

4,8

87

-

15

0,9

59

4

23

1

00

1

03

,67

6

369,7

65

Ope

ratin

g Ex

pens

es r

elat

ed to

Insu

ranc

e B

usin

ess

3-B

1

,52

4,3

28

1

5,5

85

6

8,5

08

9

02

,68

5

13

,44

2

1,1

83

1

07

,72

4

2,6

33,4

55

Pro

visi

on

for D

oub

tful d

ebts

1

,92

1

9

38

6

64

8

1

-

2,6

41

Bad

deb

t to

be

wri

tten

off

83

6

1

4

78

1

-

-

920

Pro

visi

on

for T

axat

ion

-

-

-

-

-

-

-

-

Pro

visi

ons

(oth

er th

an ta

xatio

n)

(a

) Fo

r dim

inut

ion

in th

e va

lue

of i

nves

tmen

ts (N

et)

-

-

-

-

-

-

-

-

(b

) O

ther

s

-

-

-

-

-

-

-

-

T

OT

AL (B

)

1,6

36,8

05

20,4

82

68,5

50

1,0

54,3

86

13,8

74

1,2

84

211,4

00

3,0

06,7

81

Ben

efits

Pai

d (N

et)

4-A

4

,26

2,6

44

4

46

,29

6

16

7,5

99

6

77

,19

7

-

-

23

3

5,5

53,9

69

Inte

rim

Bo

nuse

s Pai

d

-

-

-

-

-

-

-

-

Cha

nge

in v

alua

tion

of l

iabi

lity

in re

spec

t of l

ife p

olic

ies

(a

) G

ross

1

2,6

52

,88

9

(23

0,2

33

) 1

,32

6,4

36

3

,41

2,6

62

2

30

,31

6

21

,09

7

61

4,6

42

1

8,0

27,8

09

(b

) A

mo

unt c

eded

in R

eins

uran

ce

-

-

-

-

-

-

-

-

(c

) A

mo

unt a

ccep

ted

in R

eins

uran

ce

-

-

-

-

-

-

-

-

To

tal (

C)

1

6,9

15,5

33

216,0

63

1,4

94,0

35

4,0

89,8

59

230,3

16

21,0

97

614,8

75

23,5

81,7

78

T

OT

AL (B

+C

)

18,5

52,3

38

236,5

45

1,5

62,5

85

5,1

44,2

45

244,1

90

22,3

81

826,2

75

26,5

88,5

59

SU

RP

LU

S/D

EF

ICIT

(D

)=(A

)-(B

)-(C

)

939,4

78

389,0

06

-

-

-

-

-

1

,328,4

84

AP

PR

OP

RIA

TIO

NS

Tran

sfer

to S

hare

hold

ers’

Acc

oun

t

93

9,4

78

3

89

,00

6

-

-

-

-

-

1,3

28,4

84

Tran

sfer

to O

ther

Res

erve

s

-

-

-

-

-

-

-

-

Bal

ance

bei

ng F

unds

for F

utur

e A

ppro

pria

tions

-

-

-

-

-

-

-

-

T

OT

AL (D

)

939,4

78

389,0

06

-

-

-

-

-

1

,328,4

84

The

bre

ak u

p o

f to

tal s

urpl

us is

as u

nder

:

(a

) In

teri

m B

onu

ses P

aid

-

-

-

-

-

-

-

-

(b

) A

lloca

tion

of

Bo

nus t

o p

olic

yho

lder

s

-

-

-

-

-

-

5,4

50

5

,450

(c

) Su

rplu

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An

nexu

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stS

EG

ME

NT

AL R

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AC

CO

UN

T F

OR

TH

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ER

IOD

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DE

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1 M

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cco

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en

tal B

an

k o

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om

merc

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ife I

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ran

ce C

om

pan

y Lim

ited

Regis

trati

on

No

. 136; D

ate

of

Regis

trati

on

: M

ay

8, 2008

stA

nn

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16 f

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h, 2014

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ati

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'000)

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n (`

'000)

No

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ed

P

art

icip

ati

ng -

Life

(`

'000)

Sch

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FinancialsFinancials

8584

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Pre

miu

ms

earn

ed

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(a

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emiu

m

1-A

1

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89

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3,9

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446,2

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To

tal (

C)

15,5

63,7

37

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526,7

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(d

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urpl

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52

6,7

03

-

- -

- -

- 526,7

03

An

nexu

re 1

stS

EG

ME

NT

AL R

EV

EN

UE

AC

CO

UN

T F

OR

TH

E P

ER

IOD

EN

DE

D 3

1 M

AR

CH

2013

Po

licy

ho

lders

’ A

cco

un

t (T

ech

nic

al A

cco

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t)

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lars

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tal

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rm

A-R

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am

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ara

HS

BC

Ori

en

tal B

an

k o

f C

om

merc

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ife I

nsu

ran

ce C

om

pan

y Lim

ited

Regis

trati

on

No

. 136; D

ate

of

Regis

trati

on

: M

ay

8, 2008

stA

nn

exu

res

to S

ched

ule

16 f

or

the y

ear

en

ded

31

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h, 2014

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ked

No

nP

art

icip

ati

ng -

Life

(`

'000)

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n L

ink

ed

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art

icip

ati

ng -

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(`

'000)

Sch

ed

ule

FinancialsFinancials

8786

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Pre

miu

ms

earn

ed

– n

et

(a

) Pr

emiu

m

1-A

1

4,0

89

,91

8

44

6,4

03

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76

,46

7

3,8

08

,67

8

-

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-

19,1

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66

(b

) R

eins

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ce c

eded

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,19

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9)

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0,2

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ted

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ub

To

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1

3,9

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27

446,2

94

776,4

67

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22

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1

8,9

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10

Inco

me fr

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stm

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tere

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ivid

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t – G

ross

1,5

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,68

8

22

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01

3

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,57

2

-

-

-

2,1

73,1

57

(b

) Pr

ofit

on

sale

/red

empt

ion

of i

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tmen

ts

1

,27

5,4

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7,4

20

7

,70

6

9,9

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-

-

-

1,3

60,5

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(c

) (L

oss

on

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empt

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nves

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ts)

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6,4

33

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6,4

79

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-

-

-

-

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52,9

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ain

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2

,24

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,39

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-

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-

2,3

77,9

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ub

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,853,4

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222,0

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-

4

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er In

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e

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ont

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areh

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A/c

-

5

7,8

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3

5,7

55

4

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,33

9

-

-

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528,9

53

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me

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-

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-

T

OT

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17,8

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1,0

49,8

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2

4,1

78,5

19

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mm

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on

2-A

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53

,45

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8,5

03

-

28

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84

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-

-

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40

Ope

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elat

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ranc

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usin

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3-B

1

,49

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8,5

93

4

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98

9

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7

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2,5

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Pro

visi

on

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oub

tful d

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-

-

-

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-

-

-

Bad

deb

t to

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tten

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-

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-

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Pro

visi

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axat

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-

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visi

ons

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1,7

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48

Ben

efits

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d (N

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4

6

36

,73

1

30

0,7

26

-

13

1,7

33

-

-

-

1,0

69,1

90

Inte

rim

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nuse

s Pai

d

-

-

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-

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-

-

Cha

nge

in v

alua

tion

of l

iabi

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spec

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ife p

olic

ies

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ross

1

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,45

5

39

8,3

52

1

,00

8,6

31

3

,19

6,8

98

-

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36

(b

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mo

unt c

eded

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9)

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-

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mo

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ce

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-

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-

-

-

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To

tal (

C)

15,5

63,7

37

699,0

78

1,0

08,6

31

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22

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-

-

2

0,5

96,2

68

T

OT

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17,3

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1,0

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4,5

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2

3,6

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SU

RP

LU

S/D

EF

ICIT

(D

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526,7

03

-

-

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-

-

5

26,7

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PR

OP

RIA

TIO

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sfer

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oun

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52

6,7

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-

-

-

-

-

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526,7

03

Tran

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s

-

-

-

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Bal

ance

bei

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unds

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utur

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ppro

pria

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-

-

-

-

-

-

-

-

T

OT

AL (D

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526,7

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-

-

-

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5

26,7

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The

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ak u

p o

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urpl

us is

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nder

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teri

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onu

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aid

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-

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nus t

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-

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) Su

rplu

s sho

wn

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e R

even

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cco

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5

26

,70

3

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-

-

-

-

-

526,7

03

(d

) To

tal S

urpl

us: (

(a)+

(b)+

(c))

52

6,7

03

-

- -

- -

- 526,7

03

An

nexu

re 1

stS

EG

ME

NT

AL R

EV

EN

UE

AC

CO

UN

T F

OR

TH

E P

ER

IOD

EN

DE

D 3

1 M

AR

CH

2013

Po

licy

ho

lders

’ A

cco

un

t (T

ech

nic

al A

cco

un

t)

Part

icu

lars

To

tal

(`

'000)

Fo

rm

A-R

AN

am

e o

f th

e I

nsu

rer:

Can

ara

HS

BC

Ori

en

tal B

an

k o

f C

om

merc

e L

ife I

nsu

ran

ce C

om

pan

y Lim

ited

Regis

trati

on

No

. 136; D

ate

of

Regis

trati

on

: M

ay

8, 2008

stA

nn

exu

res

to S

ched

ule

16 f

or

the y

ear

en

ded

31

Marc

h, 2014

Lin

ked

No

nP

art

icip

ati

ng -

Life

(`

'000)

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ked

No

nP

art

icip

ati

ng -

P

en

sio

n (`

'000)

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n-L

ink

ed

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nP

arti

cip

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ed

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art

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(`

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ab

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ari

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en

sio

n (`

'000)

No

n L

ink

ed

P

art

icip

ati

ng -

Life

(`

'000)

Sch

ed

ule

FinancialsFinancials

8786

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

An

nexu

re 1

SC

HE

DU

LE

- 1-A

P

RE

MIU

MS

Can

ara

HS

BC

Ori

en

tal B

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k o

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Pre

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Year

FinancialsFinancials

8988

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

An

nexu

re 1

SC

HE

DU

LE

- 1-A

P

RE

MIU

MS

Can

ara

HS

BC

Ori

en

tal B

an

k o

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cial S

tate

men

ts f

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the p

eri

od

31

Marc

h, 2014

Firs

t yea

r pre

miu

ms

1

,90

2,5

89

(1

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74

) 1

,11

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00

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26

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20

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0

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37

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38

Ren

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ms

1

0,0

41

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28

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52

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11,9

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Ren

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Pre

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SC

HE

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LE

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C

OM

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Co

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An

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FinancialsFinancials

9190

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

An

nexu

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SC

HE

DU

LE

- 3-B

O

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RA

TIN

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Pre

vio

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Year

FinancialsFinancials

9190

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

An

nexu

re 1

SC

HE

DU

LE

- 4-A

B

EN

EFIT

S P

AID

[N

ET

]

Can

ara

HS

BC

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Pre

vio

us

Year

FinancialsFinancials

9392

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

An

nexu

re 1

SC

HE

DU

LE

- 4-A

B

EN

EFIT

S P

AID

[N

ET

]

Can

ara

HS

BC

Ori

en

tal B

an

k o

f C

om

merc

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ife I

nsu

ran

ce C

om

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tate

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31

Marc

h, 2014

Insu

ranc

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laim

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laim

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th,

1

98

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4

6,9

02

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23

3

27

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12

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laim

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81

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1

67

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9

62

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96

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677,1

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Part

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(`

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art

icip

ati

ng -

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(`

'000)

Pre

vio

us

Year

FinancialsFinancials

9392

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

1

N

ew b

usin

ess p

rem

ium

inco

me

gro

wth

(seg

men

t-w

ise)

-2

0.0

%

- 4

3.7

%

-18

.2%

-

- -

-0.7

%

2

N

et re

tent

ion

ratio

99

.2%

1

00

.0%

1

00

.0%

9

8.8

%

10

0.0

%

10

0.0

%

10

0.0

%

99

.2%

(Net

pre

miu

m d

ivid

ed b

y gr

oss

pre

miu

m)

3

R

atio

of e

xpen

ses o

f man

agem

ent

1

3.6

%

7.5

%

6.1

%

26

.0%

6

.1%

6

.4%

5

4.1

%

16

.6%

(Gro

ss C

om

mis

sio

n +

Ope

ratin

g Ex

pens

es re

late

d to

insu

ranc

e bu

sine

ss /

Gro

ss P

rem

ium

)

4

C

om

mis

sio

n ra

tio(G

ross

Co

mm

issi

on/

Gro

ss P

rem

ium

) 0

.9%

1

.8%

0

.0%

3

.7%

0

.2%

0

.5%

2

6.5

%

2.0

%

5

R

atio

of p

olic

yho

lder

s' lia

bilit

ies t

o sh

areh

old

ers'

fund

s

19

38

.0%

6

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row

th ra

te o

f sha

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1

9.4

%

7

R

atio

of s

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us to

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licyh

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ers'

liabi

lity

0

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8

C

hang

e in

Net

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rth

(` '0

00

)

66

1,1

52

9

Pr

ofit

afte

r tax

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ota

l inc

om

e

2.4

%

10

(T

ota

l rea

l est

ate

+ lo

ans)

/ C

ash

& in

vest

ed a

sset

s

-

11

To

tal i

nves

tmen

ts /

(Cap

ital +

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plus

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77

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%

12

To

tal a

ffilia

ted

inve

stm

ents

/ (C

apita

l + S

urpl

us)

5

.5%

13

In

vest

men

t yie

ld (g

ross

and

net

)

A.

With

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lised

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ns

Sh

areh

old

ers’

Fun

ds

8

.7%

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licyh

old

ers’

Fun

ds

1

2.2

%

N

on-

Link

ed N

on

Part

icip

atin

g

9.0

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N

on-

Link

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artic

ipat

ing

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nked

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n Pa

rtic

ipat

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1

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%

B.

With

out

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lised

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ns

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areh

old

ers’

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ds

8

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Po

licyh

old

ers’

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ds

4

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N

on-

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ed N

on

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icip

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g

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N

on-

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artic

ipat

ing

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Li

nked

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n Pa

rtic

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ing

3

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14

C

ons

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tion

Rat

io

62

.9%

15

Pe

rsis

tenc

y ra

tio*

- 13

th M

ont

h

6

9.1

%

- 25

th M

ont

h

8

6.3

%

- 37

th M

ont

h

6

7.7

%

- 49

th M

ont

h

8

1.3

%

- 61

st M

ont

h

7

7.7

%

16

N

PA ra

tio

-

*Per

sist

ency

rat

ios

are

com

pute

d o

n re

duci

ng b

alan

ce b

asis

. The

den

om

inat

or

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udes

onl

y po

licie

s pa

ying

pre

miu

m a

t the

beg

inni

ng o

f the

yea

r. Fo

r in

stan

ce, t

he c

alcu

latio

n o

f 25

th m

ont

h pe

rsis

tenc

y ra

tio o

nly

cons

ider

s th

ose

po

licie

s in

the

deno

min

ato

r whe

re th

e 1

3th

mo

nth

prem

ium

has

bee

n re

ceiv

ed.

An

nexu

re 2

Key

Perf

orm

an

ce a

nd

acc

ou

nti

ng r

ati

os

for

the y

ear

en

ded

Marc

h 3

1, 2014

Can

ara

HS

BC

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en

tal B

an

k o

f C

om

merc

e L

ife I

nsu

ran

ce C

om

pan

y Lim

ited

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nn

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res

to S

ched

ule

16 f

or

the y

ear

en

ded

31

Marc

h, 2014

Rati

o T

ota

lLin

ked

No

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icip

ati

ng -

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ked

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ati

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n

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n-L

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No

nP

art

icip

ati

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sio

n

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n-L

ink

ed

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nP

art

icip

ati

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n L

ink

ed

Vari

ab

le -

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n L

ink

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V

ari

ab

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sio

n

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n L

ink

ed

P

art

icip

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ng -

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rren

t Y

ear

S. N

o.

1

N

ew b

usin

ess p

rem

ium

inco

me

gro

wth

(seg

men

t-w

ise)

-3

7.2

%

- -2

6.5

%

47

.0%

-

- -

-11

.7%

2

N

et re

tent

ion

ratio

99

.3%

1

00

.0%

1

00

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9

9.2

%

- -

- 9

9.3

%

(N

et p

rem

ium

div

ided

by

gro

ss p

rem

ium

)

3

R

atio

of e

xpen

ses o

f man

agem

ent

12

.4%

6

.1%

5

.3%

3

2.4

%

- -

- 1

6.0

%

(G

ross

Co

mm

issi

on

+ O

pera

ting

Expe

nses

rela

ted

to

in

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nce

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ness

/ G

ross

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4

C

om

mis

sio

n ra

tio(G

ross

Co

mm

issi

on/

Gro

ss P

rem

ium

) 1

.8%

1

.9%

0

.0%

7

.6%

-

- -

2.9

%

5

R

atio

of p

olic

yho

lder

s' lia

bilit

ies t

o sh

areh

old

ers'

fund

s

17

85

.2%

6

G

row

th ra

te o

f sha

reho

lder

s' fu

nds

1

03

.6%

7

R

atio

of s

urpl

us to

po

licyh

old

ers'

liabi

lity

-

8

C

hang

e in

Net

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rth

(` '0

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)

1,7

35

,96

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9

Pr

ofit

afte

r tax

/ T

ota

l inc

om

e

1.0

%

10

(T

ota

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l est

ate

+ lo

ans)

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ash

& in

vest

ed a

sset

s

-

11

To

tal i

nves

tmen

ts /

(Cap

ital +

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plus

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59

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%

12

To

tal a

ffilia

ted

inve

stm

ents

/ (C

apita

l + S

urpl

us)

6

.2%

13

In

vest

men

t yie

ld (g

ross

and

net

)

A.

With

Rea

lised

Gai

ns

Sh

areh

old

ers’

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ds

8

.7%

Po

licyh

old

ers’

Fun

ds

9

.5%

N

on-

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ed N

on

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icip

atin

g

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N

on-

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artic

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nked

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ing

9

.6%

B.

With

out

Rea

lised

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ns

Sh

areh

old

ers’

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ds

8

.7%

Po

licyh

old

ers’

Fun

ds

4

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N

on-

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on

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icip

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g

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%

N

on-

Link

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artic

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ing

-

Li

nked

No

n Pa

rtic

ipat

ing

3

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14

C

ons

erva

tion

Rat

io

70

.1%

15

Pe

rsis

tenc

y ra

tio*

- 13

th M

ont

h

7

5.3

%

- 25

th M

ont

h

8

7.7

%

- 37

th M

ont

h

6

4.4

%

- 49

th M

ont

h

7

9.8

%

- 61

st M

ont

h

-

16

N

PA ra

tio

-

*Per

sist

ency

rat

ios

are

com

pute

d o

n re

duci

ng b

alan

ce b

asis

. The

den

om

inat

or

incl

udes

onl

y po

licie

s pa

ying

pre

miu

m a

t the

beg

inni

ng o

f the

yea

r. Fo

r in

stan

ce, t

he c

alcu

latio

n o

f 25

th m

ont

h pe

rsis

tenc

y ra

tio o

nly

cons

ider

s th

ose

po

licie

s in

the

deno

min

ato

r whe

re th

e 1

3th

mo

nth

prem

ium

has

bee

n re

ceiv

ed.

An

nexu

re 2

Key

Perf

orm

an

ce a

nd

acc

ou

nti

ng r

ati

os

for

the y

ear

en

ded

Marc

h 3

1, 2014

Can

ara

HS

BC

Ori

en

tal B

an

k o

f C

om

merc

e L

ife I

nsu

ran

ce C

om

pan

y Lim

ited

stA

nn

exu

res

to S

ched

ule

16 f

or

the y

ear

en

ded

31

Marc

h, 2014

Rati

o T

ota

lLin

ked

No

nP

art

icip

ati

ng -

Life

Lin

ked

No

nP

art

icip

ati

ng -

Pen

sio

n

No

n-L

ink

ed

No

nP

art

icip

ati

ng -

Pen

sio

n

No

n-L

ink

ed

No

nP

art

icip

ati

ng -

Life

No

n L

ink

ed

Vari

ab

le -

Life

No

n L

ink

ed

V

ari

ab

le -

Pen

sio

n

No

n L

ink

ed

P

art

icip

ati

ng -

Life

Pre

vio

us

Year

S. N

o.

FinancialsFinancials

9594

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

1

N

ew b

usin

ess p

rem

ium

inco

me

gro

wth

(seg

men

t-w

ise)

-2

0.0

%

- 4

3.7

%

-18

.2%

-

- -

-0.7

%

2

N

et re

tent

ion

ratio

99

.2%

1

00

.0%

1

00

.0%

9

8.8

%

10

0.0

%

10

0.0

%

10

0.0

%

99

.2%

(Net

pre

miu

m d

ivid

ed b

y gr

oss

pre

miu

m)

3

R

atio

of e

xpen

ses o

f man

agem

ent

1

3.6

%

7.5

%

6.1

%

26

.0%

6

.1%

6

.4%

5

4.1

%

16

.6%

(Gro

ss C

om

mis

sio

n +

Ope

ratin

g Ex

pens

es re

late

d to

insu

ranc

e bu

sine

ss /

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ss P

rem

ium

)

4

C

om

mis

sio

n ra

tio(G

ross

Co

mm

issi

on/

Gro

ss P

rem

ium

) 0

.9%

1

.8%

0

.0%

3

.7%

0

.2%

0

.5%

2

6.5

%

2.0

%

5

R

atio

of p

olic

yho

lder

s' lia

bilit

ies t

o sh

areh

old

ers'

fund

s

19

38

.0%

6

G

row

th ra

te o

f sha

reho

lder

s' fu

nds

1

9.4

%

7

R

atio

of s

urpl

us to

po

licyh

old

ers'

liabi

lity

0

.4%

8

C

hang

e in

Net

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rth

(` '0

00

)

66

1,1

52

9

Pr

ofit

afte

r tax

/ T

ota

l inc

om

e

2.4

%

10

(T

ota

l rea

l est

ate

+ lo

ans)

/ C

ash

& in

vest

ed a

sset

s

-

11

To

tal i

nves

tmen

ts /

(Cap

ital +

Sur

plus

)

77

7.7

%

12

To

tal a

ffilia

ted

inve

stm

ents

/ (C

apita

l + S

urpl

us)

5

.5%

13

In

vest

men

t yie

ld (g

ross

and

net

)

A.

With

Rea

lised

Gai

ns

Sh

areh

old

ers’

Fun

ds

8

.7%

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licyh

old

ers’

Fun

ds

1

2.2

%

N

on-

Link

ed N

on

Part

icip

atin

g

9.0

%

N

on-

Link

ed P

artic

ipat

ing

9

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Li

nked

No

n Pa

rtic

ipat

ing

1

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%

B.

With

out

Rea

lised

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ns

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areh

old

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ds

8

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licyh

old

ers’

Fun

ds

4

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N

on-

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on

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on-

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artic

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nked

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n Pa

rtic

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3

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14

C

ons

erva

tion

Rat

io

62

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15

Pe

rsis

tenc

y ra

tio*

- 13

th M

ont

h

6

9.1

%

- 25

th M

ont

h

8

6.3

%

- 37

th M

ont

h

6

7.7

%

- 49

th M

ont

h

8

1.3

%

- 61

st M

ont

h

7

7.7

%

16

N

PA ra

tio

-

*Per

sist

ency

rat

ios

are

com

pute

d o

n re

duci

ng b

alan

ce b

asis

. The

den

om

inat

or

incl

udes

onl

y po

licie

s pa

ying

pre

miu

m a

t the

beg

inni

ng o

f the

yea

r. Fo

r in

stan

ce, t

he c

alcu

latio

n o

f 25

th m

ont

h pe

rsis

tenc

y ra

tio o

nly

cons

ider

s th

ose

po

licie

s in

the

deno

min

ato

r whe

re th

e 1

3th

mo

nth

prem

ium

has

bee

n re

ceiv

ed.

An

nexu

re 2

Key

Perf

orm

an

ce a

nd

acc

ou

nti

ng r

ati

os

for

the y

ear

en

ded

Marc

h 3

1, 2014

Can

ara

HS

BC

Ori

en

tal B

an

k o

f C

om

merc

e L

ife I

nsu

ran

ce C

om

pan

y Lim

ited

stA

nn

exu

res

to S

ched

ule

16 f

or

the y

ear

en

ded

31

Marc

h, 2014

Rati

o T

ota

lLin

ked

No

nP

art

icip

ati

ng -

Life

Lin

ked

No

nP

art

icip

ati

ng -

Pen

sio

n

No

n-L

ink

ed

No

nP

art

icip

ati

ng -

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sio

n

No

n-L

ink

ed

No

nP

art

icip

ati

ng -

Life

No

n L

ink

ed

Vari

ab

le -

Life

No

n L

ink

ed

V

ari

ab

le -

Pen

sio

n

No

n L

ink

ed

P

art

icip

ati

ng -

Life

Cu

rren

t Y

ear

S. N

o.

1

N

ew b

usin

ess p

rem

ium

inco

me

gro

wth

(seg

men

t-w

ise)

-3

7.2

%

- -2

6.5

%

47

.0%

-

- -

-11

.7%

2

N

et re

tent

ion

ratio

99

.3%

1

00

.0%

1

00

.0%

9

9.2

%

- -

- 9

9.3

%

(N

et p

rem

ium

div

ided

by

gro

ss p

rem

ium

)

3

R

atio

of e

xpen

ses o

f man

agem

ent

12

.4%

6

.1%

5

.3%

3

2.4

%

- -

- 1

6.0

%

(G

ross

Co

mm

issi

on

+ O

pera

ting

Expe

nses

rela

ted

to

in

sura

nce

busi

ness

/ G

ross

Pre

miu

m)

4

C

om

mis

sio

n ra

tio(G

ross

Co

mm

issi

on/

Gro

ss P

rem

ium

) 1

.8%

1

.9%

0

.0%

7

.6%

-

- -

2.9

%

5

R

atio

of p

olic

yho

lder

s' lia

bilit

ies t

o sh

areh

old

ers'

fund

s

17

85

.2%

6

G

row

th ra

te o

f sha

reho

lder

s' fu

nds

1

03

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7

R

atio

of s

urpl

us to

po

licyh

old

ers'

liabi

lity

-

8

C

hang

e in

Net

Wo

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(` '0

00

)

1,7

35

,96

3

9

Pr

ofit

afte

r tax

/ T

ota

l inc

om

e

1.0

%

10

(T

ota

l rea

l est

ate

+ lo

ans)

/ C

ash

& in

vest

ed a

sset

s

-

11

To

tal i

nves

tmen

ts /

(Cap

ital +

Sur

plus

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59

7.0

%

12

To

tal a

ffilia

ted

inve

stm

ents

/ (C

apita

l + S

urpl

us)

6

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13

In

vest

men

t yie

ld (g

ross

and

net

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A.

With

Rea

lised

Gai

ns

Sh

areh

old

ers’

Fun

ds

8

.7%

Po

licyh

old

ers’

Fun

ds

9

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N

on-

Link

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on

Part

icip

atin

g

9.4

%

N

on-

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artic

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-

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n Pa

rtic

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9

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With

out

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lised

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Sh

areh

old

ers’

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ds

8

.7%

Po

licyh

old

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Fun

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4

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N

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g

9.4

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14

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tion

Rat

io

70

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15

Pe

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y ra

tio*

- 13

th M

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h

7

5.3

%

- 25

th M

ont

h

8

7.7

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- 37

th M

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6

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7

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-

*Per

sist

ency

rat

ios

are

com

pute

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asis

. The

den

om

inat

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incl

udes

onl

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licie

s pa

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pre

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t the

beg

inni

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f the

yea

r. Fo

r in

stan

ce, t

he c

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f 25

th m

ont

h pe

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cons

ider

s th

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po

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s in

the

deno

min

ato

r whe

re th

e 1

3th

mo

nth

prem

ium

has

bee

n re

ceiv

ed.

An

nexu

re 2

Key

Perf

orm

an

ce a

nd

acc

ou

nti

ng r

ati

os

for

the y

ear

en

ded

Marc

h 3

1, 2014

Can

ara

HS

BC

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en

tal B

an

k o

f C

om

merc

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ran

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to S

ched

ule

16 f

or

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ear

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h, 2014

Rati

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No

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Pen

sio

n

No

n L

ink

ed

P

art

icip

ati

ng -

Life

Pre

vio

us

Year

S. N

o.

FinancialsFinancials

9594

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

An

nexu

re 3

Su

mm

ary

of

Fin

an

cial S

tate

men

ts

Can

ara

HS

BC

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tal B

an

k o

f C

om

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ear

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Marc

h, 2014 Part

icu

lars

2009-1

02013-1

42012-1

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(` in

'000)

POLI

CYH

OLD

ER

S' A

CC

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1

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Pre

miu

m In

com

e 1

8,0

58

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1,4

66

1

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8,5

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4

a C

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o P

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1

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1,9

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5

28

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76

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5

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To

tal I

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me

27,9

17,0

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ns

36

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65

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50

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0

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53

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-

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8

O

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ting

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ness

incl

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T, P

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n fo

r Do

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l deb

ts a

nd B

ad d

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o b

e w

ritt

en o

ff (if

any

) 2

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2

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5,3

08

2

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4,9

57

2

,60

4,5

12

1

,92

3,4

68

9

Pr

ovi

sio

n fo

r Tax

-

-

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-

1

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Tota

l Exp

en

ses

3,0

06,7

81

3,0

55,5

48

3,2

25,5

57

4,1

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65

3,9

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42

1

1

Paym

ent t

o p

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yho

lder

s*

5,5

53

,96

9

1,0

69

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24

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6

0,8

98

4

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Incr

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Pro

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Tota

l Exp

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t 4

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9,2

89

5

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66

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49

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75

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1,5

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8

Pro

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6

61

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2

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2

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Incl

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Canara HSBC Oriental Bank of Commerce Life Insurance Company LimitedstAnnexures to Schedule 16 for the year ended 31 March, 2014

Annexure 4

Related Party Transactions

Holding Company

-Canara Bank

Fellow Subsidiaries

-Canara Robeco Asset Management Company Limited

-Canbank Venture Capital Fund Ltd.

-Canbank Financial Services Ltd.

-Canbank Factors Ltd.

-Canbank Computer Services Ltd.

-Canara Bank Securities Limited

-Commercial Bank of India LLC, Moscow

Substantial Interest

-HSBC Insurance (Asia-Pacific) Holdings Limited

-Oriental Bank of Commerce

-The Hongkong and Shanghai Banking Corporation Limited

-HSBC Software Development (India) Pvt. Ltd.

-HSBC Securities and Capital Markets (India) Private Limited

-HSBC Invest Direct Securities (India) Limited

Entities managed by Fellow Subsidiaries/Associates

-Canara Robeco Mutual Fund (Managed by Canara Robeco Asset Management Company Limited)

-HSBC Mutual Fund (Managed by HSBC AMC)

Associates of Holding Company

-Pragathi Krishna Gramin Bank

-Can Fin Homes Limited

-Kerala Gramin Bank

Significant Influence

-Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited Group Gratuity Trust

Key Management Personnel

-John Holden - Chief Executive Officer

Note: Refer Note (10) for the details of managerial remuneration to the Managing Director

FinancialsFinancials

9796

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

An

nexu

re 3

Su

mm

ary

of

Fin

an

cial S

tate

men

ts

Can

ara

HS

BC

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f C

om

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pan

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ched

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or

the y

ear

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ded

31

Marc

h, 2014 Part

icu

lars

2009-1

02013-1

42012-1

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(` in

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CYH

OLD

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2

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4,5

12

1

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68

9

Pr

ovi

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1

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3,2

25,5

57

4,1

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3,9

57,1

42

1

1

Paym

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o p

olic

yho

lder

s*

5,5

53

,96

9

1,0

69

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24

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22

6

0,8

98

4

3,3

30

1

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3,2

85

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4,3

22

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6

54

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3

Pro

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35

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12

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1,9

49

2

34

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1

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3,7

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1,5

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1

8

Pro

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ax

-

-

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-

-

1

9

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fit/L

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afte

r tax

6

61

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9

23

4,9

71

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90

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1)

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13

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61

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Pro

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car

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7)

(7,3

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6)

(7,5

74

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(6,6

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1,9

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0,8

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41

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6

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Canara HSBC Oriental Bank of Commerce Life Insurance Company LimitedstAnnexures to Schedule 16 for the year ended 31 March, 2014

Annexure 4

Related Party Transactions

Holding Company

-Canara Bank

Fellow Subsidiaries

-Canara Robeco Asset Management Company Limited

-Canbank Venture Capital Fund Ltd.

-Canbank Financial Services Ltd.

-Canbank Factors Ltd.

-Canbank Computer Services Ltd.

-Canara Bank Securities Limited

-Commercial Bank of India LLC, Moscow

Substantial Interest

-HSBC Insurance (Asia-Pacific) Holdings Limited

-Oriental Bank of Commerce

-The Hongkong and Shanghai Banking Corporation Limited

-HSBC Software Development (India) Pvt. Ltd.

-HSBC Securities and Capital Markets (India) Private Limited

-HSBC Invest Direct Securities (India) Limited

Entities managed by Fellow Subsidiaries/Associates

-Canara Robeco Mutual Fund (Managed by Canara Robeco Asset Management Company Limited)

-HSBC Mutual Fund (Managed by HSBC AMC)

Associates of Holding Company

-Pragathi Krishna Gramin Bank

-Can Fin Homes Limited

-Kerala Gramin Bank

Significant Influence

-Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited Group Gratuity Trust

Key Management Personnel

-John Holden - Chief Executive Officer

Note: Refer Note (10) for the details of managerial remuneration to the Managing Director

FinancialsFinancials

9796

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Canara HSBC Oriental Bank of Commerce Life Insurance Company LimitedstAnnexures to Schedule 16 for the year ended 31 March, 2014

Annexure 4Canara HSBC Oriental Bank of Commerce Life Insurance Company LimitedstAnnexures to Schedule 16 for the year ended 31 March, 2014

Annexure 4

Nature of Transaction

Current Year

OthersHolding

CompanySubstantial

InterestFellow

Subsidiaries

(` '000)Related Party Transactions

Transactions during the year

Income

Premium Income

Canara Bank 987,417 - - -

Oriental Bank of Commerce - 473,667 - -

The Hongkong and Shanghai Banking Corporation Limited - 430 - -

Pragathi Krishna Gramin Bank - - - 20,000

Kerala Gramin Bank - - - 60,000

Canara Robeco Asset Management Company Limited - - 354 -

Can Fin Homes Limited - - - 9,244

HSBC Software Development (India) Pvt. Ltd. - 107,220 - -

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited Group Gratuity Trust - - - 18,729

Interest and Investment Income

Canara Bank 13,918 - - -

Oriental Bank of Commerce - 6,744 - -

Profit/(Loss) on sale of Mutual Fund Units

Canara Robeco Mutual Fund (Managed by Canara Robeco Asset Management Company Limited) - - - 5,168

HSBC Mutual Fund (Managed by HSBC AMC) - - - 19,566

Expenses

Reimbursement of Expenditure

Canara Bank 836 - - -

Oriental Bank of Commerce - (10,645) - -

HSBC Insurance (Asia-Pacific) Holdings Limited - (31,449) - -

The Hongkong and Shanghai Banking Corporation Limited - (98) - -

Pragathi Krishna Gramin Bank - - - (0.1)

HSBC Invest Direct Securities (India) Limited - (3) - -

Kerala Gramin Bank - - - (1)

Commission

Canara Bank 219,176 - - -

Oriental Bank of Commerce - 59,464 - -

The Hongkong and Shanghai Banking Corporation Limited - 90,401 - -

Pragathi Krishna Gramin Bank - - - (273)

Kerala Gramin Bank - - - 27

HSBC Invest Direct Securities (India) Limited - (68) - -

Benefits Paid

HSBC Software Development (India) Pvt. Ltd. - 50,729 - -

Oriental Bank of Commerce - 50,000 - -

Canara Bank 200,000 - - -

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited Group Gratuity Trust - - - 3,040

Contribution towards Gratuity Plan

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited Group Gratuity Trust - - - 18,729

Purchase/(Sale) of Mutual fund Units

HSBC Mutual Fund (Managed by HSBC AMC) - - - 1,075,000

HSBC Mutual Fund (Managed by HSBC AMC) - - - (1,014,566)

Canara Robeco Mutual Fund (Managed by Canara Robeco Asset Management Company Limited) - - - 550,000

Canara Robeco Mutual Fund (Managed by Canara Robeco Asset Management Company Limited) - - - (455,168)

Purchase/(Sale/Maturity) of Investments

Canara Bank - - - -

Canara Bank (100,000) - - -

The Hongkong and Shanghai Banking Corporation Limited - 2,138,548 - -

The Hongkong and Shanghai Banking Corporation Limited - (547,385) - -

Oriental Bank of Commerce - 112,000 - -

Oriental Bank of Commerce - (266,512) - -

Canara Robeco Mutual Fund (Managed by Canara Robeco Asset Management Company Limited) - - - 202,299

HSBC Mutual Fund (Managed by HSBC AMC) - - - 49,928

Nature of Transaction

Current Year

OthersHolding

CompanySubstantial

InterestFellow

Subsidiaries

(` '000)Related Party Transactions

Estabishment, Consultancy and Other Expenses

Canara Bank 9,684 - - -

Oriental Bank of Commerce - 1,311 - -

The Hongkong and Shanghai Banking Corporation Limited - 7,183 - -

HSBC Invest Direct Securities (India) Limited - 694 - -

Brokerage Services

Canara Bank Securities Limited - - 8,127 -

HSBC Securities and Capital Markets (India) Private Limited - 4,190 - -

Issue of share Capital

Canara Bank - - - -

HSBC Insurance (Asia-Pacific) Holdings Limited - - - -

Oriental Bank of Commerce - - - -

Balances as at year end

Share Capital

Canara Bank 4,845,000 - - -

HSBC Insurance (Asia-Pacific) Holdings Limited - 2,470,000 - -

Oriental Bank of Commerce - 2,185,000 - -

Share Premium

HSBC Insurance (Asia-Pacific) Holdings Limited - 1,250,000 - -

Outstanding Payables/(Receivables) (including commission)

Canara Bank 22,546 - - -

HSBC Insurance (Asia-Pacific) Holdings Limited - (4,428) - -

Canara Bank Securities Limited - - 161 -

The Hongkong and Shanghai Banking Corporation Limited - 10,607 - -

Pragathi Krishna Gramin Bank - - - (1,067)

Oriental Bank of Commerce - 10,909 - -

Kerala Gramin Bank - - - (41)

HSBC Invest Direct Securities (India) Limited - - - -

Investments

Canara Bank 100,000 - - -

Oriental Bank of Commerce - 112,000 - -

HSBC Mutual Fund (Managed by HSBC AMC) - - - 230,071

Canara Robeco Mutual Fund (Managed by Canara Robeco Asset Management Company Limited) - - - 150,122

Bank Balances

Canara Bank 76,594 - - -

Oriental Bank of Commerce - 115,942 - -

The Hongkong and Shanghai Banking Corporation Limited - 211,731 - -

Security Deposit Balances

The Hongkong and Shanghai Banking Corporation Limited - 3,300 - -

FinancialsFinancials

9998

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Canara HSBC Oriental Bank of Commerce Life Insurance Company LimitedstAnnexures to Schedule 16 for the year ended 31 March, 2014

Annexure 4Canara HSBC Oriental Bank of Commerce Life Insurance Company LimitedstAnnexures to Schedule 16 for the year ended 31 March, 2014

Annexure 4

Nature of Transaction

Current Year

OthersHolding

CompanySubstantial

InterestFellow

Subsidiaries

(` '000)Related Party Transactions

Transactions during the year

Income

Premium Income

Canara Bank 987,417 - - -

Oriental Bank of Commerce - 473,667 - -

The Hongkong and Shanghai Banking Corporation Limited - 430 - -

Pragathi Krishna Gramin Bank - - - 20,000

Kerala Gramin Bank - - - 60,000

Canara Robeco Asset Management Company Limited - - 354 -

Can Fin Homes Limited - - - 9,244

HSBC Software Development (India) Pvt. Ltd. - 107,220 - -

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited Group Gratuity Trust - - - 18,729

Interest and Investment Income

Canara Bank 13,918 - - -

Oriental Bank of Commerce - 6,744 - -

Profit/(Loss) on sale of Mutual Fund Units

Canara Robeco Mutual Fund (Managed by Canara Robeco Asset Management Company Limited) - - - 5,168

HSBC Mutual Fund (Managed by HSBC AMC) - - - 19,566

Expenses

Reimbursement of Expenditure

Canara Bank 836 - - -

Oriental Bank of Commerce - (10,645) - -

HSBC Insurance (Asia-Pacific) Holdings Limited - (31,449) - -

The Hongkong and Shanghai Banking Corporation Limited - (98) - -

Pragathi Krishna Gramin Bank - - - (0.1)

HSBC Invest Direct Securities (India) Limited - (3) - -

Kerala Gramin Bank - - - (1)

Commission

Canara Bank 219,176 - - -

Oriental Bank of Commerce - 59,464 - -

The Hongkong and Shanghai Banking Corporation Limited - 90,401 - -

Pragathi Krishna Gramin Bank - - - (273)

Kerala Gramin Bank - - - 27

HSBC Invest Direct Securities (India) Limited - (68) - -

Benefits Paid

HSBC Software Development (India) Pvt. Ltd. - 50,729 - -

Oriental Bank of Commerce - 50,000 - -

Canara Bank 200,000 - - -

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited Group Gratuity Trust - - - 3,040

Contribution towards Gratuity Plan

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited Group Gratuity Trust - - - 18,729

Purchase/(Sale) of Mutual fund Units

HSBC Mutual Fund (Managed by HSBC AMC) - - - 1,075,000

HSBC Mutual Fund (Managed by HSBC AMC) - - - (1,014,566)

Canara Robeco Mutual Fund (Managed by Canara Robeco Asset Management Company Limited) - - - 550,000

Canara Robeco Mutual Fund (Managed by Canara Robeco Asset Management Company Limited) - - - (455,168)

Purchase/(Sale/Maturity) of Investments

Canara Bank - - - -

Canara Bank (100,000) - - -

The Hongkong and Shanghai Banking Corporation Limited - 2,138,548 - -

The Hongkong and Shanghai Banking Corporation Limited - (547,385) - -

Oriental Bank of Commerce - 112,000 - -

Oriental Bank of Commerce - (266,512) - -

Canara Robeco Mutual Fund (Managed by Canara Robeco Asset Management Company Limited) - - - 202,299

HSBC Mutual Fund (Managed by HSBC AMC) - - - 49,928

Nature of Transaction

Current Year

OthersHolding

CompanySubstantial

InterestFellow

Subsidiaries

(` '000)Related Party Transactions

Estabishment, Consultancy and Other Expenses

Canara Bank 9,684 - - -

Oriental Bank of Commerce - 1,311 - -

The Hongkong and Shanghai Banking Corporation Limited - 7,183 - -

HSBC Invest Direct Securities (India) Limited - 694 - -

Brokerage Services

Canara Bank Securities Limited - - 8,127 -

HSBC Securities and Capital Markets (India) Private Limited - 4,190 - -

Issue of share Capital

Canara Bank - - - -

HSBC Insurance (Asia-Pacific) Holdings Limited - - - -

Oriental Bank of Commerce - - - -

Balances as at year end

Share Capital

Canara Bank 4,845,000 - - -

HSBC Insurance (Asia-Pacific) Holdings Limited - 2,470,000 - -

Oriental Bank of Commerce - 2,185,000 - -

Share Premium

HSBC Insurance (Asia-Pacific) Holdings Limited - 1,250,000 - -

Outstanding Payables/(Receivables) (including commission)

Canara Bank 22,546 - - -

HSBC Insurance (Asia-Pacific) Holdings Limited - (4,428) - -

Canara Bank Securities Limited - - 161 -

The Hongkong and Shanghai Banking Corporation Limited - 10,607 - -

Pragathi Krishna Gramin Bank - - - (1,067)

Oriental Bank of Commerce - 10,909 - -

Kerala Gramin Bank - - - (41)

HSBC Invest Direct Securities (India) Limited - - - -

Investments

Canara Bank 100,000 - - -

Oriental Bank of Commerce - 112,000 - -

HSBC Mutual Fund (Managed by HSBC AMC) - - - 230,071

Canara Robeco Mutual Fund (Managed by Canara Robeco Asset Management Company Limited) - - - 150,122

Bank Balances

Canara Bank 76,594 - - -

Oriental Bank of Commerce - 115,942 - -

The Hongkong and Shanghai Banking Corporation Limited - 211,731 - -

Security Deposit Balances

The Hongkong and Shanghai Banking Corporation Limited - 3,300 - -

FinancialsFinancials

9998

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14XX

Canara HSBC Oriental Bank of Commerce Life Insurance Company LimitedstAnnexures to Schedule 16 for the year ended 31 March, 2014

Annexure 4Canara HSBC Oriental Bank of Commerce Life Insurance Company LimitedstAnnexures to Schedule 16 for the year ended 31 March, 2014

Annexure 4

Nature of Transaction

Previous Year

OthersHolding

CompanySubstantial

InterestFellow

Subsidiaries

(` '000)Related Party Transactions

Transactions during the year

Income

Premium Income

Canara Bank 506,827 - - -

Oriental Bank of Commerce - 605,059 - -

The Hongkong and Shanghai Banking Corporation Limited - 623 - -

Pragathi Krishna Gramin Bank - - - 20,000

Kerala Gramin Bank - - - 5

Canara Robeco Asset Management Company Limited - - 379 -

Can Fin Homes Limited - - - 8,680

HSBC Software Development (India) Pvt. Ltd. - 161,372 - -

Shreyas Gramin Bank* - - - 5,000

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited Group Gratuity Trust - - - 12,210

Interest and Investment Income

Canara Bank 7,661 - - -

Oriental Bank of Commerce - 16,574 - -

Profit/(Loss) on sale of Mutual Fund Units

Canara Robeco Mutual Fund (Managed by Canara Robeco Asset Management Company Limited) - - - 2,284

HSBC Mutual Fund (Managed by HSBC AMC) - - - 1,114

Expenses

Reimbursement of Expenditure

Canara Bank (2,565) - - -

Oriental Bank of Commerce - (7,460) - -

HSBC Insurance (Asia-Pacific) Holdings Limited - (28,613) - -

The Hongkong and Shanghai Banking Corporation Limited - (76) - -

Pragathi Krishna Gramin Bank - - - (1)

HSBC Invest Direct Securities (India) Limited - (8) - -

Kerala Gramin Bank - - - -

Commission

Canara Bank 267,457 - - -

Oriental Bank of Commerce - 144,602 - -

The Hongkong and Shanghai Banking Corporation Limited - 140,306 - -

Pragathi Krishna Gramin Bank - - - (284)

Kerala Gramin Bank - - - 78

HSBC Invest Direct Securities (India) Limited - (375) - -

Shreyas Gramin Bank* - - - (250)

Benefits Paid

HSBC Software Development (India) Pvt. Ltd. - 53,001 - -

Oriental Bank of Commerce - 19 - -

Canara Bank 50,000 - - -

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited Group Gratuity Trust - - - 1,219

Contribution towards Gratuity Plan

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited Group Gratuity Trust - - - 12,210

Purchase/(Sale) of Mutual fund Units

HSBC Mutual Fund (Managed by HSBC AMC) - - - 350,000

HSBC Mutual Fund (Managed by HSBC AMC) - - - (201,114)

Canara Robeco Mutual Fund (Managed by Canara Robeco Asset Management Company Limited) - - - 3,259,800

Canara Robeco Mutual Fund (Managed by Canara Robeco Asset Management Company Limited) - - - (3,656,384)

Purchase/(Sale/Maturity) of Investments

Canara Bank 300,000 - - -

Canara Bank (200,000) - - -

The Hongkong and Shanghai Banking Corporation Limited - 1,723,648 - -

The Hongkong and Shanghai Banking Corporation Limited - (1,538,477) - -

Oriental Bank of Commerce - 615,724 - -

Oriental Bank of Commerce - (190,000) - -

Canara Robeco Mutual Fund (Managed by Canara Robeco Asset Management Company Limited) - - - 51,060

HSBC Mutual Fund (Managed by HSBC AMC) - - - -

Nature of Transaction

Previous Year

OthersHolding

CompanySubstantial

InterestFellow

Subsidiaries

(` '000)Related Party Transactions

Estabishment, Consultancy and Other Expenses

Canara Bank 10,822 - - -

Oriental Bank of Commerce - 1,593 - -

The Hongkong and Shanghai Banking Corporation Limited - 8,717 - -

HSBC Invest Direct Securities (India) Limited - 505 - -

Brokerage Services

Canara Bank Securities Limited - - 10,011 -

HSBC Securities and Capital Markets (India) Private Limited - 7,762 - -

Issue of share Capital

Canara Bank 765,000 - - -

HSBC Insurance (Asia-Pacific) Holdings Limited - 390,000 - -

Oriental Bank of Commerce - 345,000 - -

Balances as at year end

Share Capital

Canara Bank 4,845,000 - - -

HSBC Insurance (Asia-Pacific) Holdings Limited - 2,470,000 - -

Oriental Bank of Commerce - 2,185,000 - -

Share Premium

HSBC Insurance (Asia-Pacific) Holdings Limited - 1,250,000 - -

Outstanding Payables/(Receivables) (including commission)

Canara Bank 31,409 - - -

HSBC Insurance (Asia-Pacific) Holdings Limited - (3,903) - -

Canara Bank Securities Limited - - 233 -

The Hongkong and Shanghai Banking Corporation Limited - 4,782 - -

Pragathi Krishna Gramin Bank - - - (744)

Oriental Bank of Commerce - 16,870 - -

Kerala Gramin Bank - - - (28)

HSBC Invest Direct Securities (India) Limited - (592) - -

Shreyas Gramin Bank* - - - (589)

Investments

Canara Bank 200,000 - - -

Oriental Bank of Commerce - 266,512 - -

HSBC Mutual Fund (Managed by HSBC AMC) - - - 151,392

Canara Robeco Mutual Fund (Managed by Canara Robeco Asset Management Company Limited) - - - 50,058

Bank Balances

Canara Bank 93,305 - - -

Oriental Bank of Commerce - 380,364 - -

The Hongkong and Shanghai Banking Corporation Limited - 683,831 - -

Security Deposit Balances

The Hongkong and Shanghai Banking Corporation Limited - 3,300 - -

* Shreyas Gramin Bank ceased to be a Related Party with effect from 1st April 2013

FinancialsFinancials

101100

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14XX

Canara HSBC Oriental Bank of Commerce Life Insurance Company LimitedstAnnexures to Schedule 16 for the year ended 31 March, 2014

Annexure 4Canara HSBC Oriental Bank of Commerce Life Insurance Company LimitedstAnnexures to Schedule 16 for the year ended 31 March, 2014

Annexure 4

Nature of Transaction

Previous Year

OthersHolding

CompanySubstantial

InterestFellow

Subsidiaries

(` '000)Related Party Transactions

Transactions during the year

Income

Premium Income

Canara Bank 506,827 - - -

Oriental Bank of Commerce - 605,059 - -

The Hongkong and Shanghai Banking Corporation Limited - 623 - -

Pragathi Krishna Gramin Bank - - - 20,000

Kerala Gramin Bank - - - 5

Canara Robeco Asset Management Company Limited - - 379 -

Can Fin Homes Limited - - - 8,680

HSBC Software Development (India) Pvt. Ltd. - 161,372 - -

Shreyas Gramin Bank* - - - 5,000

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited Group Gratuity Trust - - - 12,210

Interest and Investment Income

Canara Bank 7,661 - - -

Oriental Bank of Commerce - 16,574 - -

Profit/(Loss) on sale of Mutual Fund Units

Canara Robeco Mutual Fund (Managed by Canara Robeco Asset Management Company Limited) - - - 2,284

HSBC Mutual Fund (Managed by HSBC AMC) - - - 1,114

Expenses

Reimbursement of Expenditure

Canara Bank (2,565) - - -

Oriental Bank of Commerce - (7,460) - -

HSBC Insurance (Asia-Pacific) Holdings Limited - (28,613) - -

The Hongkong and Shanghai Banking Corporation Limited - (76) - -

Pragathi Krishna Gramin Bank - - - (1)

HSBC Invest Direct Securities (India) Limited - (8) - -

Kerala Gramin Bank - - - -

Commission

Canara Bank 267,457 - - -

Oriental Bank of Commerce - 144,602 - -

The Hongkong and Shanghai Banking Corporation Limited - 140,306 - -

Pragathi Krishna Gramin Bank - - - (284)

Kerala Gramin Bank - - - 78

HSBC Invest Direct Securities (India) Limited - (375) - -

Shreyas Gramin Bank* - - - (250)

Benefits Paid

HSBC Software Development (India) Pvt. Ltd. - 53,001 - -

Oriental Bank of Commerce - 19 - -

Canara Bank 50,000 - - -

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited Group Gratuity Trust - - - 1,219

Contribution towards Gratuity Plan

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited Group Gratuity Trust - - - 12,210

Purchase/(Sale) of Mutual fund Units

HSBC Mutual Fund (Managed by HSBC AMC) - - - 350,000

HSBC Mutual Fund (Managed by HSBC AMC) - - - (201,114)

Canara Robeco Mutual Fund (Managed by Canara Robeco Asset Management Company Limited) - - - 3,259,800

Canara Robeco Mutual Fund (Managed by Canara Robeco Asset Management Company Limited) - - - (3,656,384)

Purchase/(Sale/Maturity) of Investments

Canara Bank 300,000 - - -

Canara Bank (200,000) - - -

The Hongkong and Shanghai Banking Corporation Limited - 1,723,648 - -

The Hongkong and Shanghai Banking Corporation Limited - (1,538,477) - -

Oriental Bank of Commerce - 615,724 - -

Oriental Bank of Commerce - (190,000) - -

Canara Robeco Mutual Fund (Managed by Canara Robeco Asset Management Company Limited) - - - 51,060

HSBC Mutual Fund (Managed by HSBC AMC) - - - -

Nature of Transaction

Previous Year

OthersHolding

CompanySubstantial

InterestFellow

Subsidiaries

(` '000)Related Party Transactions

Estabishment, Consultancy and Other Expenses

Canara Bank 10,822 - - -

Oriental Bank of Commerce - 1,593 - -

The Hongkong and Shanghai Banking Corporation Limited - 8,717 - -

HSBC Invest Direct Securities (India) Limited - 505 - -

Brokerage Services

Canara Bank Securities Limited - - 10,011 -

HSBC Securities and Capital Markets (India) Private Limited - 7,762 - -

Issue of share Capital

Canara Bank 765,000 - - -

HSBC Insurance (Asia-Pacific) Holdings Limited - 390,000 - -

Oriental Bank of Commerce - 345,000 - -

Balances as at year end

Share Capital

Canara Bank 4,845,000 - - -

HSBC Insurance (Asia-Pacific) Holdings Limited - 2,470,000 - -

Oriental Bank of Commerce - 2,185,000 - -

Share Premium

HSBC Insurance (Asia-Pacific) Holdings Limited - 1,250,000 - -

Outstanding Payables/(Receivables) (including commission)

Canara Bank 31,409 - - -

HSBC Insurance (Asia-Pacific) Holdings Limited - (3,903) - -

Canara Bank Securities Limited - - 233 -

The Hongkong and Shanghai Banking Corporation Limited - 4,782 - -

Pragathi Krishna Gramin Bank - - - (744)

Oriental Bank of Commerce - 16,870 - -

Kerala Gramin Bank - - - (28)

HSBC Invest Direct Securities (India) Limited - (592) - -

Shreyas Gramin Bank* - - - (589)

Investments

Canara Bank 200,000 - - -

Oriental Bank of Commerce - 266,512 - -

HSBC Mutual Fund (Managed by HSBC AMC) - - - 151,392

Canara Robeco Mutual Fund (Managed by Canara Robeco Asset Management Company Limited) - - - 50,058

Bank Balances

Canara Bank 93,305 - - -

Oriental Bank of Commerce - 380,364 - -

The Hongkong and Shanghai Banking Corporation Limited - 683,831 - -

Security Deposit Balances

The Hongkong and Shanghai Banking Corporation Limited - 3,300 - -

* Shreyas Gramin Bank ceased to be a Related Party with effect from 1st April 2013

FinancialsFinancials

101100

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Canara HSBC Oriental Bank of Commerce Life Insurance Company LimitedstAnnexures to Schedule 16 for the year ended 31 March, 2014

Canara HSBC Oriental Bank of Commerce Life Insurance Company LimitedstAnnexures to Schedule 16 for the year ended 31 March, 2014

Annexure 5(1) Annexure 5(2)

(` '000)Change in Defined Benefit Obligations-Gratuity

Present Value of obligation at the beginning of the year 37,436 24,128

Interest Cost 2,995 1,930

Service Cost 12,242 9,627

Past Service Cost - -

Benefits Paid (3,040) (1,219)

Actuarial (gain) / loss on Obligation 6,672 2,970

Present Value of obligation at the end of the year 56,305 37,436

Fair value of plan assets at the beginning of the period 37,436 24,128

Expected Return On plan assets 3,276 2,355

Contributions 18,729 12,210

Benefits Paid (3,040) (1,219)

Actuarial gain / (Loss) on Plan Assets (95) (38)

Fair value of plan assets at the end of the period 56,305 37,436

Total Actuarial gain / (loss) to be recognised (6,767) (3,008)

Balance Sheet Recognition

Present Value Of obligation 56,305 37,436

Fair Value Of Plan Assets (56,305) (37,436)

Liability / (Assets) - -

Unrecognised Past Service Cost

Liability/ (Asset) recognised in the Balance Sheet - -

Expenses recognised during the current year

Current Service Cost 12,242 9,627

Interest Cost 2,995 1,930

Expected Return on plan assets (3,276) (2,355)

Net Actuarial (gain) / loss recognised in the year 6,767 3,008

Past Service Cost

Expenses recognised in Revenue and Profit & Loss account under 18,729 12,210

"Employees’ remuneration and welfare benefits"

Actual return on Plan assets 3,180 2,304

Enterprise best estimate of contribution during next year 18,135 19,818

Assumptions

Discount Rate 8.0% p.a. 8.0% p.a.

Return On Plan Assets 8.75% p.a. 9.70% p.a.

Mortality table IALM (2006-08) LIC (1994 - 96)

Future Salary Increases 8% p.a. for 1st 2 years, 8% p.a. for 1st 2 years,

10% p.a. for next 2 years, 10% p.a. for next 2 years,

8% p.a. for next 2 years 8% p.a. for next 2 years

and 6% thereafter and 6% thereafter

Particulars Period ended

31/03/1131/03/14 31/03/13 31/03/12

Present Value of obligation 56,305 37,436 24,128 16,308

Plan assets 56,305 37,436 24,128 -

(Surplus)/ deficit - - - 16,308

Experience adjustments (gain)/loss :

- on plan liabilities 6,643 2,970 (1,145) (1,249)

- on plan assets 451 (373) - -

The company has disclosed above details based on the best availability of past year's data.

Particulars Current Year Previous Year

Amounts of the present value of obligation, fair value of plan assets, surplus or deficit in the plan, experience adjustments arising on plan liabilities and plan assets for four annual periods

(` '000)Change in Defined Benefit Obligations- Leave Encashment

Present Value of obligation at the beginning of the year 4,570 3,006

Interest Cost 366 240

Service Cost 1,257 1,933

Past Service Cost - -

Benefits Paid (872) (1,599)

Actuarial (gain) / loss on Obligation (1,945) 989

Present Value of obligation at the end of the year 3,376 4,570

Fair value of plan assets at the beginning of the period - -

Expected Return On plan assets - -

Contributions - -

Benefits Paid - -

Actuarial gain / (Loss) on Plan Assets - -

Fair value of plan assets at the end of the period - -

Total Actuarial gain / (loss) to be recognised 1,945 (989)

Balance Sheet Recognition

Present Value Of obligation 3,376 4,570

Fair Value Of Plan Assets - -

Liability / (Assets) 3,376 4,570

Unrecognised Past Service Cost - -

Liability/ (Asset) recognised in the Balance Sheet 3,376 4,570

Expenses recognised during the current year

Current Service Cost 1,257 1,933

Interest Cost 366 241

Expected Return on plan assets - -

Net Actuarial (gain) / loss recognised in the year (1,945) 989

Past Service Cost - -

Expenses recognised in Revenue and Profit & Loss account under (322) 3,163

"Employees’ remuneration and welfare benefits"

Enterprise best estimate of contribution during next year 1,939 4,036

Assumptions

Discount Rate 8.0%p.a. 8.0% p.a.

Return On Plan Assets 0 0

Mortality table IALM (2006-08) LIC (1994 - 96)

Future Salary Increases 8% p.a. for 1st 2 years, 8% p.a. for 1st 2 years,

10% p.a. for next 2 years, 10% p.a. for next 2 years,

8% p.a. for next 2 years 8% p.a. for next 2 years

and 6% thereafter and 6% thereafter

Particulars Period ended

31/03/1131/03/14 31/03/13 31/03/12

Present Value of obligation 3,376 4,570 3,006 2,812

Plan assets - - - -

(Surplus)/ deficit 3,376 4,570 3,006 2,812

Experience adjustments (gain)/loss :

- on plan liabilities (1,947) 989 (161) 296

- on plan assets - - - -

The company has disclosed above details based on the best availability of past year's data.

Particulars Current Year Previous Year

Amounts of the present value of obligation, fair value of plan assets, surplus or deficit in the plan, experience adjustments arising on plan liabilities and plan assets for four annual periods

FinancialsFinancials

103102

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Canara HSBC Oriental Bank of Commerce Life Insurance Company LimitedstAnnexures to Schedule 16 for the year ended 31 March, 2014

Canara HSBC Oriental Bank of Commerce Life Insurance Company LimitedstAnnexures to Schedule 16 for the year ended 31 March, 2014

Annexure 5(1) Annexure 5(2)

(` '000)Change in Defined Benefit Obligations-Gratuity

Present Value of obligation at the beginning of the year 37,436 24,128

Interest Cost 2,995 1,930

Service Cost 12,242 9,627

Past Service Cost - -

Benefits Paid (3,040) (1,219)

Actuarial (gain) / loss on Obligation 6,672 2,970

Present Value of obligation at the end of the year 56,305 37,436

Fair value of plan assets at the beginning of the period 37,436 24,128

Expected Return On plan assets 3,276 2,355

Contributions 18,729 12,210

Benefits Paid (3,040) (1,219)

Actuarial gain / (Loss) on Plan Assets (95) (38)

Fair value of plan assets at the end of the period 56,305 37,436

Total Actuarial gain / (loss) to be recognised (6,767) (3,008)

Balance Sheet Recognition

Present Value Of obligation 56,305 37,436

Fair Value Of Plan Assets (56,305) (37,436)

Liability / (Assets) - -

Unrecognised Past Service Cost

Liability/ (Asset) recognised in the Balance Sheet - -

Expenses recognised during the current year

Current Service Cost 12,242 9,627

Interest Cost 2,995 1,930

Expected Return on plan assets (3,276) (2,355)

Net Actuarial (gain) / loss recognised in the year 6,767 3,008

Past Service Cost

Expenses recognised in Revenue and Profit & Loss account under 18,729 12,210

"Employees’ remuneration and welfare benefits"

Actual return on Plan assets 3,180 2,304

Enterprise best estimate of contribution during next year 18,135 19,818

Assumptions

Discount Rate 8.0% p.a. 8.0% p.a.

Return On Plan Assets 8.75% p.a. 9.70% p.a.

Mortality table IALM (2006-08) LIC (1994 - 96)

Future Salary Increases 8% p.a. for 1st 2 years, 8% p.a. for 1st 2 years,

10% p.a. for next 2 years, 10% p.a. for next 2 years,

8% p.a. for next 2 years 8% p.a. for next 2 years

and 6% thereafter and 6% thereafter

Particulars Period ended

31/03/1131/03/14 31/03/13 31/03/12

Present Value of obligation 56,305 37,436 24,128 16,308

Plan assets 56,305 37,436 24,128 -

(Surplus)/ deficit - - - 16,308

Experience adjustments (gain)/loss :

- on plan liabilities 6,643 2,970 (1,145) (1,249)

- on plan assets 451 (373) - -

The company has disclosed above details based on the best availability of past year's data.

Particulars Current Year Previous Year

Amounts of the present value of obligation, fair value of plan assets, surplus or deficit in the plan, experience adjustments arising on plan liabilities and plan assets for four annual periods

(` '000)Change in Defined Benefit Obligations- Leave Encashment

Present Value of obligation at the beginning of the year 4,570 3,006

Interest Cost 366 240

Service Cost 1,257 1,933

Past Service Cost - -

Benefits Paid (872) (1,599)

Actuarial (gain) / loss on Obligation (1,945) 989

Present Value of obligation at the end of the year 3,376 4,570

Fair value of plan assets at the beginning of the period - -

Expected Return On plan assets - -

Contributions - -

Benefits Paid - -

Actuarial gain / (Loss) on Plan Assets - -

Fair value of plan assets at the end of the period - -

Total Actuarial gain / (loss) to be recognised 1,945 (989)

Balance Sheet Recognition

Present Value Of obligation 3,376 4,570

Fair Value Of Plan Assets - -

Liability / (Assets) 3,376 4,570

Unrecognised Past Service Cost - -

Liability/ (Asset) recognised in the Balance Sheet 3,376 4,570

Expenses recognised during the current year

Current Service Cost 1,257 1,933

Interest Cost 366 241

Expected Return on plan assets - -

Net Actuarial (gain) / loss recognised in the year (1,945) 989

Past Service Cost - -

Expenses recognised in Revenue and Profit & Loss account under (322) 3,163

"Employees’ remuneration and welfare benefits"

Enterprise best estimate of contribution during next year 1,939 4,036

Assumptions

Discount Rate 8.0%p.a. 8.0% p.a.

Return On Plan Assets 0 0

Mortality table IALM (2006-08) LIC (1994 - 96)

Future Salary Increases 8% p.a. for 1st 2 years, 8% p.a. for 1st 2 years,

10% p.a. for next 2 years, 10% p.a. for next 2 years,

8% p.a. for next 2 years 8% p.a. for next 2 years

and 6% thereafter and 6% thereafter

Particulars Period ended

31/03/1131/03/14 31/03/13 31/03/12

Present Value of obligation 3,376 4,570 3,006 2,812

Plan assets - - - -

(Surplus)/ deficit 3,376 4,570 3,006 2,812

Experience adjustments (gain)/loss :

- on plan liabilities (1,947) 989 (161) 296

- on plan assets - - - -

The company has disclosed above details based on the best availability of past year's data.

Particulars Current Year Previous Year

Amounts of the present value of obligation, fair value of plan assets, surplus or deficit in the plan, experience adjustments arising on plan liabilities and plan assets for four annual periods

FinancialsFinancials

103102

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Can

ara

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IRD

A C

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(1)

(2)

(3)=

(1)

+ (

2)

(4)

(5)

(6)=

(4)

+ (

5)

(7)=

(3)+

(6

)

Part

icu

lars

Sch

ed

ule

Lin

ked

Life

Lin

ked

Pen

sio

nTo

tal U

nit

Lin

ked

Pre

vio

us

Year

FinancialsFinancials

105104

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Can

ara

HS

BC

Ori

en

tal B

an

k o

f C

om

merc

e L

ife I

nsu

ran

ce C

om

pan

y Lim

ited

stA

nn

exu

res

to S

ched

ule

16 f

or

the y

ear

en

ded

31

Marc

h, 2014

Dis

clo

sure

s u

nd

er

IRD

A C

ircu

lar

No

. 054/I

RD

A/F

& A

/FE

B-0

7 d

ate

d F

eb

ruary

20, 2007

Po

licy

ho

lders

' Acc

ou

nt

(Tech

nic

al A

cco

un

t): B

reak

up

of

un

it-l

ink

ed

Bu

sin

ess

(U

L)

An

nexu

re 6

(` '

000)

No

n-U

nit

Un

it

Tota

lN

on

-Un

itU

nit

Tota

l

(1)

(2)

(3)=

(1)

+ (

2)

(4)

(5)

(6)=

(4)

+ (

5)

(7)=

(3)+

(6

)

Part

icu

lars

Sch

ed

ule

Lin

ked

Life

Lin

ked

Pen

sio

nTo

tal U

nit

Lin

ked

Cu

rren

t Y

ear

Pre

miu

ms

earn

ed

– n

et

(a)

Prem

ium

74

3,1

68

1

1,2

39

,26

4

11

,98

2,4

32

6

,47

7

26

6,2

75

2

72

,75

2

12

,25

5,1

84

(b)

Rei

nsur

ance

ced

ed

(9

3,0

40

) -

(93

,04

0)

(7)

-

(7)

(93

,04

7)

Inco

me fr

om

Inve

stm

en

ts

-

(a)

Inte

rest

, Div

iden

d &

Ren

t - G

ross

68

,43

6

2,1

11

,55

7

2,1

79

,99

3

28

,74

8

79

,98

6

10

8,7

34

2

,28

8,7

27

(b)

Pro

fit o

n sa

le/r

edem

ptio

n o

f inv

estm

ents

93

0

2,0

43

,39

2

2,0

44

,32

2

91

6

90

,76

9

91

,68

5

2,1

36

,00

7

(c)

Loss

on

sale

/red

empt

ion

of i

nves

tmen

ts

-

(1,6

14

,73

4)

(1,6

14

,73

4)

-

(72

,93

8)

(72

,93

8)

(1,6

87

,67

2)

(d)

Unr

ealis

ed g

ain/

(loss

)

-

4

,99

2,7

91

4

,99

2,7

91

-

22

5,3

25

2

25

,32

5

5,2

18

,11

6

(e)

App

ropr

iatio

n / E

xpro

pria

tion

Adj

ustm

ent A

cco

unt

-

-

-

-

-

-

-

Oth

er

inco

me

:

-

(a)

Link

ed In

com

e U

L1

1,7

77

,43

0

(1,7

77

,43

0)

-

8

4,7

87

(8

4,7

87

) -

-

(b)

Co

ntri

butio

n fr

om

the

Shar

eho

lder

s' a/

c

-

-

-

-

-

-

-

(c)

Mis

cella

neo

us In

com

e

52

-

52

-

-

-

52

TO

TA

L (A

)

2,4

96,9

76

16,9

94,8

40

19,4

91,8

16

120,9

21

504,6

30

625,5

51

20,1

17,3

67

Co

mm

issi

on

10

9,7

20

-

10

9,7

20

4

,88

7

-

4,8

87

1

14

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7

Ope

ratin

g Ex

pens

es r

elat

ed to

Insu

ranc

e B

usin

ess

1

,43

4,1

57

9

0,1

71

1

,52

4,3

28

1

1,8

70

3

,71

5

15

,58

5

1,5

39

,91

3

Pro

visi

on

for D

oub

tful d

ebts

1,9

21

-

1,9

21

9

-

9

1,9

30

Bad

deb

t to

be

wri

tten

off

8

36

-

83

6

1

-

1

83

7

Pro

visi

on

for T

axat

ion

-

-

-

-

-

-

-

TO

TA

L (

B)

1

,546,6

34

90,1

71

1,6

36,8

05

16,7

67

3,7

15

20,4

82

1,6

57,2

87

Ben

efits

Pai

d (N

et)

UL2

1

07

,23

5

4,1

55

,40

9

4,2

62

,64

4

64

5

44

5,6

51

4

46

,29

6

4,7

08

,94

0

Inte

rim

Bo

nus P

aid

-

Cha

nge

in v

alua

tion

of l

iabi

lity

in re

spec

t of l

ife p

olic

ies

(9

6,3

71

) 1

2,7

49

,26

0

12

,65

2,8

89

(2

85

,49

7)

55

,26

4

(23

0,2

33

) 1

2,4

22

,65

6

TO

TA

L (

C)

1

0,8

64

16,9

04,6

69

16,9

15,5

33

(284,8

52)

500,9

15

216,0

63

17,1

31,5

96

SU

RP

LU

S/ (

DE

FIC

IT) (D

) =

(A)-

(B)-

(C)

9

39,4

78

-

9

39,4

78

389,0

06

-

3

89,0

06

1,3

28,4

84

AP

PR

OP

RIA

TIO

NS

Tran

sfer

to S

hare

hold

ers'

a/c

9

39

,47

8

-

9

39

,47

8

38

9,0

06

-

38

9,0

06

1

,32

8,4

84

Fund

s ava

ilabl

e fo

r fut

ure

appr

opr

iatio

ns

Tota

l (D

)

939,4

78

-

9

39,4

78

389,0

06

-

3

89,0

06

1,3

28,4

84

Can

ara

HS

BC

Ori

en

tal B

an

k o

f C

om

merc

e L

ife I

nsu

ran

ce C

om

pan

y Lim

ited

stA

nn

exu

res

to S

ched

ule

16 f

or

the y

ear

en

ded

31

Marc

h, 2014

Dis

clo

sure

s u

nd

er

IRD

A C

ircu

lar

No

. 054/I

RD

A/F

& A

/FE

B-0

7 d

ate

d F

eb

ruary

20, 2007

Po

licy

ho

lders

' Acc

ou

nt

(Tech

nic

al A

cco

un

t): B

reak

up

of

un

it-l

ink

ed

Bu

sin

ess

(U

L)

An

nexu

re 6

Pre

miu

ms

earn

ed

– n

et

(a)

Prem

ium

90

3,3

75

1

3,1

86

,54

3

14

,08

9,9

18

2

0,9

37

4

25

,46

6

44

6,4

03

1

4,5

36

,32

1

(b)

Rei

nsur

ance

ced

ed

(1

00

,19

1)

-

(1

00

,19

1)

(10

9)

-

(10

9)

(10

0,3

00

)

Inco

me fr

om

Inve

stm

en

ts

(a)

Inte

rest

, Div

iden

d &

Ren

t - G

ross

70

,78

5

1,4

47

,21

1

1,5

17

,99

6

15

,71

2

73

,97

6

89

,68

8

1,6

07

,68

4

(b)

Pro

fit o

n sa

le/r

edem

ptio

n o

f inv

estm

ents

1,7

67

1

,27

3,6

37

1

,27

5,4

04

4

77

6

6,9

43

6

7,4

20

1

,34

2,8

24

(c)

Loss

on

sale

/red

empt

ion

of i

nves

tmen

ts

-

(1,1

86

,43

4)

(1,1

86

,43

4)

-

(66

,47

9)

(66

,47

9)

(1,2

52

,91

3)

(d)

Unr

ealis

ed g

ain/

(loss

)

-

2

,24

6,5

10

2

,24

6,5

10

-

13

1,3

92

1

31

,39

2

2,3

77

,90

2

(e)

App

ropr

iatio

n / E

xpro

pria

tion

Adj

ustm

ent A

cco

unt

-

-

-

-

-

-

-

Oth

er

inco

me:

(a)

Link

ed In

com

e U

L1

1,4

78

,87

8

(1,4

78

,87

8)

-

5

7,3

21

(5

7,3

21

) -

-

(b)

Co

ntri

butio

n fr

om

the

Shar

eho

lder

s' a/

c

-

-

-

5

7,8

59

-

57

,85

9

57

,85

9

(c)

Mis

cella

neo

us In

com

e

-

-

-

-

-

-

-

TO

TA

L (A

)

2,3

54,6

14

15,4

88,5

89

17,8

43,2

03

152,1

97

573,9

77

726,1

74

18,5

69,3

77

Co

mm

issi

on

25

3,4

53

-

25

3,4

53

8

,50

3

-

8,5

03

2

61

,95

6

Ope

ratin

g Ex

pens

es r

elat

ed to

Insu

ranc

e B

usin

ess

1

,42

7,7

77

7

1,5

31

1

,49

9,3

08

1

4,9

29

3

,66

4

18

,59

3

1,5

17

,90

1

Pro

visi

on

for D

oub

tful d

ebts

-

-

-

-

-

-

-

Bad

deb

t to

be

wri

tten

off

-

-

-

-

-

-

-

Pro

visi

on

for T

axat

ion

-

-

-

-

-

-

-

TO

TA

L (

B)

1

,681,2

30

71,5

31

1,7

52,7

61

23,4

32

3,6

64

27,0

96

1,7

79,8

57

Ben

efits

Pai

d (N

et)

UL2

1

22

,07

7

51

4,6

54

6

36

,73

1

76

5

29

9,9

61

3

00

,72

6

93

7,4

57

Inte

rim

Bo

nus P

aid

-

-

-

-

-

-

-

Cha

nge

in v

alua

tion

of l

iabi

lity

in re

spec

t of l

ife p

olic

ies

2

4,6

02

1

4,9

02

,40

4

14

,92

7,0

06

1

28

,00

0

27

0,3

52

3

98

,35

2

15

,32

5,3

58

TO

TA

L (

C)

1

46,6

79

15,4

17,0

58

15,5

63,7

37

128,7

65

570,3

13

699,0

78

16,2

62,8

15

SU

RP

LU

S/ (

DE

FIC

IT) (D

) =

(A)-

(B)-

(C)

5

26,7

05

-

5

26,7

05

-

-

-

5

26,7

05

AP

PR

OP

RIA

TIO

NS

Tran

sfer

to S

hare

hold

ers'

a/c

5

26

,70

5

-

5

26

,70

5

-

-

-

52

6,7

05

Fund

s ava

ilabl

e fo

r fut

ure

appr

opr

iatio

ns

-

-

-

-

-

-

-

Tota

l (D

)

526,7

05

-

5

26,7

05

-

-

-

5

26,7

05

(` '

000)

No

n-U

nit

Un

it

Tota

lN

on

-Un

itU

nit

Tota

l

(1)

(2)

(3)=

(1)

+ (

2)

(4)

(5)

(6)=

(4)

+ (

5)

(7)=

(3)+

(6

)

Part

icu

lars

Sch

ed

ule

Lin

ked

Life

Lin

ked

Pen

sio

nTo

tal U

nit

Lin

ked

Pre

vio

us

Year

FinancialsFinancials

105104

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Can

ara

HS

BC

Ori

en

tal B

an

k o

f C

om

merc

e L

ife I

nsu

ran

ce C

om

pan

y Lim

ited

stS

ched

ule

to

Po

licy

ho

lders

' Acc

ou

nt

(UL)

form

ing p

art

of

Fin

an

cial S

tate

men

ts f

or

the p

eri

od

31

Marc

h, 2014

Sch

ed

ule

-UL1

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ked

In

com

e (

reco

vere

d f

rom

lin

ked

fu

nd

s)*

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itP

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itTo

tal

(1)

(2)

(3)=

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2)

Part

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lars

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rren

t Y

ear

Fund

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inis

trat

ion

char

ges

-

-

-

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Man

agem

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e 7

29

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0

30

,05

7

759,5

97

Serv

ice

tax

on

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Man

agem

ent c

harg

e -

-

-

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y A

dmin

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arge

1

27

,98

6

1,9

63

1

29,9

49

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r cha

rge

37

8,8

64

5

1,4

84

4

30,3

48

Switc

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11

9

11

1

30

Mo

rtal

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31

,12

8

1,1

28

5

32,2

56

Serv

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on

Mo

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e -

-

-

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-

-

-

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cha

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6,5

69

-

6,5

69

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,22

4

14

4

3,3

68

TO

TA

L (U

L-1

) 1

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84,7

87

1,8

62,2

17

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ny)

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ts f

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31

Marc

h, 2014

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2)

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us

Year

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Man

agem

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73

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1

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74

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23

6,2

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2

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7

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89

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TA

L (U

L-1

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78

57,3

21

1,5

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* (n

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f ser

vice

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ny)

FinancialsFinancials

107106

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Can

ara

HS

BC

Ori

en

tal B

an

k o

f C

om

merc

e L

ife I

nsu

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tate

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ts f

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31

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h, 2014

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ked

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2)

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inis

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29

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0

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7

759,5

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37

8,8

64

5

1,4

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4

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48

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11

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31

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56

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36

So

urc

es

of F

un

ds

Po

licy

ho

lders

' Fu

nd

s:

Polic

yho

lder

co

ntri

butio

n F-

1

4,6

82

,52

2

4,1

30

,16

0

8,8

86

,07

5

1,9

23

,95

2

71

9,0

20

1

1,4

11

,19

1

1,3

92

,63

0

4,0

92

,34

9

5,9

62

,05

3

1,4

81

,03

4

1,9

98

,94

6

1,3

27

,99

2

3,6

87

,61

4

51

,69

5,5

38

Rev

enue

Acc

oun

t

1,3

75

,44

9

71

9,7

43

3

,68

8,3

12

6

77

,60

6

10

2,7

40

2

,34

3,2

93

3

11

,51

4

84

8,2

87

8

09

,50

1

26

3,5

38

9

9,7

25

2

33

,99

3

27

5,4

60

1

1,7

49

,16

2

Tota

l

6,0

57,9

71

4,8

49,9

03

12,5

74,3

87

2,6

01,5

58

821,7

60

13,7

54,4

84

1,7

04,1

44

4,9

40,6

36

6,7

71,5

54

1,7

44,5

72

2,0

98,6

71

1,5

61,9

85

3,9

63,0

74

63,4

44,7

00

Ap

plica

tio

n o

f Fu

nd

s

Inve

stm

ents

F-

2

5,9

46

,54

9

4,7

00

,74

7

12

,50

3,8

80

2

,58

0,4

92

7

74

,06

1

13

,66

7,3

30

1

,67

3,1

70

4

,80

4,8

66

6

,48

6,6

45

1

,70

9,4

15

1

,97

9,9

26

1

,52

5,3

05

3

,82

2,0

14

6

2,1

74

,40

0

Cur

rent

Ass

ets

F-3

1

45

,44

4

16

1,8

44

1

65

,65

8

29

,24

6

47

,72

3

27

8,0

65

3

1,8

31

1

46

,30

1

30

7,8

32

3

5,2

07

1

18

,74

5

36

,94

4

14

1,2

16

1

,64

6,0

56

Less

: Cur

rent

Lia

bilit

ies a

nd P

rovi

sio

ns

F-4

3

4,0

22

1

2,6

88

9

5,1

51

8

,18

0

24

1

90

,91

1

85

7

10

,53

1

22

,92

3

50

-

26

4

15

6

37

5,7

57

Net

curr

en

t ass

ets

111,4

22

149,1

56

70,5

07

21,0

66

47,6

99

87,1

54

30,9

74

135,7

70

284,9

09

35,1

57

118,7

45

36,6

80

141,0

60

1,2

70,3

00

Tota

l

6,0

57,9

71

4,8

49,9

03

12,5

74,3

87

2,6

01,5

58

821,7

60

13,7

54,4

84

1,7

04,1

44

4,9

40,6

36

6,7

71,5

54

1,7

44,5

72

2,0

98,6

71

1,5

61,9

85

3,9

63,0

74

63,4

44,7

00

Net

Ass

et

Valu

e (N

AV

) p

er

Un

it:

15

.95

3

15

.74

9

15

.13

6

15

.19

8

15

.51

5

12

.26

0

12

.68

8

12

.73

3

11

.46

6

10

.94

7

12

.33

7

11

.89

5

12

.02

3

(a)

Net

Ass

et a

s per

Bal

ance

She

et

6

,05

7,9

71

4

,84

9,9

03

1

2,5

74

,38

7

2,6

01

,55

8

82

1,7

60

1

3,7

54

,48

4

1,7

04

,14

4

4,9

40

,63

6

6,7

71

,55

4

1,7

44

,57

2

2,0

98

,67

1

1,5

61

,98

5

3,9

63

,07

4

63

,44

4,7

00

(T

ota

l Ass

ets l

ess C

urre

nt L

iabi

litie

s and

Pro

visio

ns)

(b) N

umbe

r of U

nits

out

stan

ding

37

9,7

38

,69

9

30

7,9

49

,84

5

83

0,7

60

,21

5

17

1,1

77

,76

7

52

,96

5,5

91

1

,12

1,8

99

,12

2

13

4,3

11

,50

7

38

8,0

18

,31

5

59

0,5

76

,87

4

15

9,3

65

,21

0

17

0,1

11

,91

7

13

1,3

14

,32

7

32

9,6

24

,36

1

(c)

NA

V p

er U

nit (

a)/(

b) (`

)

15

.95

3

15

.74

9

15

.13

6

15

.19

8

15

.51

5

12

.26

0

12

.68

8

12

.73

3

11

.46

6

10

.94

7

12

.33

7

11

.89

5

12

.02

3

Can

ara

HS

BC

Ori

en

tal B

an

k o

f C

om

merc

e L

ife I

nsu

ran

ce C

om

pan

y Ltd

.st

An

nexu

res

to S

ched

ule

16 f

or

the y

ear

en

ded

31

Marc

h, 2014

An

nexu

re 6

Un

it L

ink

ed

Dis

clo

sure

s -

Fu

nd

Reve

nu

e A

cco

un

tFo

rm A

- R

A (

UL)

stR

eve

nu

e A

cco

un

t fo

r th

e y

ear

en

ded

31

Marc

h 2

014

Inco

me fr

om

inve

stm

en

ts

Inte

rest

inco

me

2

55

,52

6

40

2,1

80

1

,02

8

40

,98

8

50

,65

1

1,0

55

2

4,4

00

1

94

,94

8

22

9,0

26

2

4,2

51

1

19

,76

3

42

,35

7

20

6,5

43

1

,59

2,7

16

Div

iden

d in

com

e

49

,38

9

-

2

02

,56

3

31

,64

9

-

1

84

,65

7

19

,46

1

37

,72

7

43

,18

4

18

,29

9

-

11

,89

7

-

59

8,8

26

Pro

fit o

n sa

le o

f inv

estm

ent

1

87

,57

2

8,7

19

8

70

,56

2

11

6,8

12

3

,12

4

52

2,9

99

6

0,3

57

1

16

,93

4

10

9,3

26

5

1,0

60

5

,48

6

32

,71

7

17

,80

9

2,1

03

,47

7

Loss

on

sale

of i

nves

tmen

t

(11

8,7

09

) (3

5,9

46

) (5

84

,25

1)

(78

,54

5)

-

(4

84

,25

6)

(44

,90

0)

(90

,11

9)

(96

,85

0)

(41

,60

8)

(10

,75

9)

(26

,29

8)

-

(1,6

12

,24

2)

Pro

fit o

n in

ter f

und

tran

sfer

/ sal

e o

f inv

estm

ent

2

,46

0

5,6

06

1

6,9

92

1

,00

9

-

-

95

0

2,7

24

8

5

70

0

15

7

-

-

30

,68

3

Loss

on

inte

r fun

d tr

ansf

er/ s

ale

of i

nves

tmen

t

(21

,61

4)

(20

,71

9)

(1,3

56

) (7

78

) -

-

-

(12

,42

5)

(14

,06

8)

(38

9)

(4,0

82

) -

-

(75

,43

1)

Mis

cella

neo

us In

com

e

-

-

(1)

-

-

-

-

-

-

-

-

-

-

(1)

Unr

ealis

ed G

ain/

loss

*

31

4,1

43

(2

06

,98

6)

1,7

99

,21

7

28

8,1

62

1

1

1,9

83

,37

8

18

2,8

18

2

65

,57

6

35

8,5

21

1

83

,41

3

(56

,59

0)

10

6,8

76

(4

23

) 5

,21

8,1

16

App

ropr

iatio

n / E

xpro

pria

tion

(Inc

om

e)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Tota

l (A

)

668,7

68

152,8

53

2,3

04,7

57

399,2

96

53,7

85

2,2

07,8

33

243,0

85

515,3

63

629,2

25

235,7

25

53,9

74

167,5

51

223,9

29

7,8

56,1

45

Fund

man

agem

ent e

xpen

ses #

86

,53

2

52

,29

6

24

7,1

57

4

1,9

81

5

,24

8

17

6,7

85

2

0,4

32

5

6,1

42

8

1,9

41

2

1,9

33

2

1,8

53

2

5,7

35

1

5,4

47

8

53

,48

2

Fund

adm

inis

trat

ion

expe

nses

Oth

er C

harg

es

F-5

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Tota

l (B

)

86,5

32

52,2

96

247,1

57

41,9

81

5,2

48

176,7

85

20,4

32

56,1

42

81,9

41

21,9

33

21,8

53

25,7

35

15,4

47

853,4

82

Net

Inco

me fo

r th

e y

ear

(A-B

)

582,2

36

100,5

57

2,0

57,6

00

357,3

15

48,5

37

2,0

31,0

48

222,6

53

459,2

21

547,2

84

213,7

92

32,1

21

141,8

16

208,4

82

7,0

02,6

63

Add

: Fun

d re

venu

e ac

coun

t at t

he b

egin

ning

of t

he

7

93

,21

3

61

9,1

86

1

,63

0,7

12

3

20

,29

1

54

,20

3

31

2,2

44

8

8,8

61

3

89

,06

5

26

2,2

17

4

9,7

46

6

7,6

04

9

2,1

77

6

6,9

78

4

,74

6,4

97

peri

od

Fu

nd

reve

nu

e a

cco

un

t at

the e

nd

of t

he y

ear

Mar

31, 2

014

1,3

75,4

49

719,7

43

3,6

88,3

12

677,6

06

102,7

40

2,3

43,2

92

311,5

14

848,2

86

809,5

01

263,5

38

99,7

25

233,9

93

275,4

60

11,7

49,1

60

* N

et c

hang

e in

mar

k to

mar

ket v

alue

of i

nves

tmen

ts

# In

clud

es S

ervi

ce ta

x

(` '

000)

Fu

nd

Nam

eS

ched

ule

Bala

nce

d F

un

dD

eb

t F

un

dE

qu

ity

Fu

nd

Gro

wth

Fu

nd

Liq

uid

Fu

nd

Eq

uit

y-II

Fu

nd

Gro

wth

-II

Fu

nd

Bala

nce

d-I

I F

un

dB

ala

nce

d P

lus

Fu

nd

Gro

wth

Plu

s Fu

nd

Deb

t P

lus

Fu

nd

NA

V G

uara

nte

e

Fu

nd

Dis

con

tin

ued

P

olicy

Fu

nd

Tota

l

SFIN

ULI

F00

31

6/0

6/0

8B

LNC

EDFU

ND

13

6U

LIF0

04

09

/07

/08

IND

EBT

FUN

D1

36

ULI

F00

11

6/0

6/0

8EQ

UIT

YFU

ND

13

6U

LIF0

02

16

/06

/08

GR

OW

TH

FUN

D1

36

ULI

F00

51

4/0

7/0

8LI

QU

IDFU

ND

13

6U

LIF0

06

07

/01

/10

EQU

TY

IIFN

D1

36

ULI

F00

70

7/0

1/1

0G

RO

WT

IIFN

D1

36

ULI

F00

80

7/0

1/1

0B

LNC

DIIF

ND

13

6U

LIF0

10

13

/09

/10

BLN

CD

PLF

ND

13

6U

LIF0

09

13

/09

/10

GR

OW

TPLF

ND

13

6U

LIF0

11

15

/09

/10

DEB

TPLF

UN

D1

36

ULI

F01

21

5/0

4/1

1N

AV

GFU

ND

SI1

36

ULI

F01

31

9/0

9/1

1PO

LDIS

CFN

D1

36

FinancialsFinancials

111110

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Can

ara

HS

BC

Ori

en

tal B

an

k o

f C

om

merc

e L

ife I

nsu

ran

ce C

om

pan

y Ltd

.st

An

nexu

res

to S

ched

ule

16 f

or

the y

ear

en

ded

31

Marc

h, 2014

An

nexu

re 6

Un

it-L

ink

ed

Dis

clo

sure

s -

Fu

nd

Bala

nce

Sh

eet

Fo

rm A

- B

S (

UL)

stFu

nd

Bala

nce

Sh

eet

for

the y

ear

en

ded

31

Marc

h 2

014

(` '

000)

Fu

nd

Nam

eS

ched

ule

Bala

nce

d F

un

dD

eb

t F

un

dE

qu

ity

Fu

nd

Gro

wth

Fu

nd

Liq

uid

Fu

nd

Eq

uit

y-II

Fu

nd

Gro

wth

-II

Fu

nd

Bala

nce

d-I

I F

un

dB

ala

nce

d P

lus

Fu

nd

Gro

wth

Plu

s Fu

nd

Deb

t P

lus

Fu

nd

NA

V G

uara

nte

e

Fu

nd

Dis

con

tin

ued

P

olicy

Fu

nd

Tota

l

SFIN

ULI

F00

31

6/0

6/0

8B

LNC

EDFU

ND

13

6U

LIF0

04

09

/07

/08

IND

EBT

FUN

D1

36

ULI

F00

11

6/0

6/0

8EQ

UIT

YFU

ND

13

6U

LIF0

02

16

/06

/08

GR

OW

TH

FUN

D1

36

ULI

F00

51

4/0

7/0

8LI

QU

IDFU

ND

13

6U

LIF0

06

07

/01

/10

EQU

TY

IIFN

D1

36

ULI

F00

70

7/0

1/1

0G

RO

WT

IIFN

D1

36

ULI

F00

80

7/0

1/1

0B

LNC

DIIF

ND

13

6U

LIF0

10

13

/09

/10

BLN

CD

PLF

ND

13

6U

LIF0

09

13

/09

/10

GR

OW

TPLF

ND

13

6U

LIF0

11

15

/09

/10

DEB

TPLF

UN

D1

36

ULI

F01

21

5/0

4/1

1N

AV

GFU

ND

SI1

36

ULI

F01

31

9/0

9/1

1PO

LDIS

CFN

D1

36

So

urc

es

of F

un

ds

Po

licy

ho

lders

' Fu

nd

s:

Polic

yho

lder

co

ntri

butio

n F-

1

4,6

82

,52

2

4,1

30

,16

0

8,8

86

,07

5

1,9

23

,95

2

71

9,0

20

1

1,4

11

,19

1

1,3

92

,63

0

4,0

92

,34

9

5,9

62

,05

3

1,4

81

,03

4

1,9

98

,94

6

1,3

27

,99

2

3,6

87

,61

4

51

,69

5,5

38

Rev

enue

Acc

oun

t

1,3

75

,44

9

71

9,7

43

3

,68

8,3

12

6

77

,60

6

10

2,7

40

2

,34

3,2

93

3

11

,51

4

84

8,2

87

8

09

,50

1

26

3,5

38

9

9,7

25

2

33

,99

3

27

5,4

60

1

1,7

49

,16

2

Tota

l

6,0

57,9

71

4,8

49,9

03

12,5

74,3

87

2,6

01,5

58

821,7

60

13,7

54,4

84

1,7

04,1

44

4,9

40,6

36

6,7

71,5

54

1,7

44,5

72

2,0

98,6

71

1,5

61,9

85

3,9

63,0

74

63,4

44,7

00

Ap

plica

tio

n o

f Fu

nd

s

Inve

stm

ents

F-

2

5,9

46

,54

9

4,7

00

,74

7

12

,50

3,8

80

2

,58

0,4

92

7

74

,06

1

13

,66

7,3

30

1

,67

3,1

70

4

,80

4,8

66

6

,48

6,6

45

1

,70

9,4

15

1

,97

9,9

26

1

,52

5,3

05

3

,82

2,0

14

6

2,1

74

,40

0

Cur

rent

Ass

ets

F-3

1

45

,44

4

16

1,8

44

1

65

,65

8

29

,24

6

47

,72

3

27

8,0

65

3

1,8

31

1

46

,30

1

30

7,8

32

3

5,2

07

1

18

,74

5

36

,94

4

14

1,2

16

1

,64

6,0

56

Less

: Cur

rent

Lia

bilit

ies a

nd P

rovi

sio

ns

F-4

3

4,0

22

1

2,6

88

9

5,1

51

8

,18

0

24

1

90

,91

1

85

7

10

,53

1

22

,92

3

50

-

26

4

15

6

37

5,7

57

Net

curr

en

t ass

ets

111,4

22

149,1

56

70,5

07

21,0

66

47,6

99

87,1

54

30,9

74

135,7

70

284,9

09

35,1

57

118,7

45

36,6

80

141,0

60

1,2

70,3

00

Tota

l

6,0

57,9

71

4,8

49,9

03

12,5

74,3

87

2,6

01,5

58

821,7

60

13,7

54,4

84

1,7

04,1

44

4,9

40,6

36

6,7

71,5

54

1,7

44,5

72

2,0

98,6

71

1,5

61,9

85

3,9

63,0

74

63,4

44,7

00

Net

Ass

et

Valu

e (N

AV

) p

er

Un

it:

15

.95

3

15

.74

9

15

.13

6

15

.19

8

15

.51

5

12

.26

0

12

.68

8

12

.73

3

11

.46

6

10

.94

7

12

.33

7

11

.89

5

12

.02

3

(a)

Net

Ass

et a

s per

Bal

ance

She

et

6

,05

7,9

71

4

,84

9,9

03

1

2,5

74

,38

7

2,6

01

,55

8

82

1,7

60

1

3,7

54

,48

4

1,7

04

,14

4

4,9

40

,63

6

6,7

71

,55

4

1,7

44

,57

2

2,0

98

,67

1

1,5

61

,98

5

3,9

63

,07

4

63

,44

4,7

00

(T

ota

l Ass

ets l

ess C

urre

nt L

iabi

litie

s and

Pro

visio

ns)

(b) N

umbe

r of U

nits

out

stan

ding

37

9,7

38

,69

9

30

7,9

49

,84

5

83

0,7

60

,21

5

17

1,1

77

,76

7

52

,96

5,5

91

1

,12

1,8

99

,12

2

13

4,3

11

,50

7

38

8,0

18

,31

5

59

0,5

76

,87

4

15

9,3

65

,21

0

17

0,1

11

,91

7

13

1,3

14

,32

7

32

9,6

24

,36

1

(c)

NA

V p

er U

nit (

a)/(

b) (`

)

15

.95

3

15

.74

9

15

.13

6

15

.19

8

15

.51

5

12

.26

0

12

.68

8

12

.73

3

11

.46

6

10

.94

7

12

.33

7

11

.89

5

12

.02

3

Can

ara

HS

BC

Ori

en

tal B

an

k o

f C

om

merc

e L

ife I

nsu

ran

ce C

om

pan

y Ltd

.st

An

nexu

res

to S

ched

ule

16 f

or

the y

ear

en

ded

31

Marc

h, 2014

An

nexu

re 6

Un

it L

ink

ed

Dis

clo

sure

s -

Fu

nd

Reve

nu

e A

cco

un

tFo

rm A

- R

A (

UL)

stR

eve

nu

e A

cco

un

t fo

r th

e y

ear

en

ded

31

Marc

h 2

014

Inco

me fr

om

inve

stm

en

ts

Inte

rest

inco

me

2

55

,52

6

40

2,1

80

1

,02

8

40

,98

8

50

,65

1

1,0

55

2

4,4

00

1

94

,94

8

22

9,0

26

2

4,2

51

1

19

,76

3

42

,35

7

20

6,5

43

1

,59

2,7

16

Div

iden

d in

com

e

49

,38

9

-

2

02

,56

3

31

,64

9

-

1

84

,65

7

19

,46

1

37

,72

7

43

,18

4

18

,29

9

-

11

,89

7

-

59

8,8

26

Pro

fit o

n sa

le o

f inv

estm

ent

1

87

,57

2

8,7

19

8

70

,56

2

11

6,8

12

3

,12

4

52

2,9

99

6

0,3

57

1

16

,93

4

10

9,3

26

5

1,0

60

5

,48

6

32

,71

7

17

,80

9

2,1

03

,47

7

Loss

on

sale

of i

nves

tmen

t

(11

8,7

09

) (3

5,9

46

) (5

84

,25

1)

(78

,54

5)

-

(4

84

,25

6)

(44

,90

0)

(90

,11

9)

(96

,85

0)

(41

,60

8)

(10

,75

9)

(26

,29

8)

-

(1,6

12

,24

2)

Pro

fit o

n in

ter f

und

tran

sfer

/ sal

e o

f inv

estm

ent

2

,46

0

5,6

06

1

6,9

92

1

,00

9

-

-

95

0

2,7

24

8

5

70

0

15

7

-

-

30

,68

3

Loss

on

inte

r fun

d tr

ansf

er/ s

ale

of i

nves

tmen

t

(21

,61

4)

(20

,71

9)

(1,3

56

) (7

78

) -

-

-

(12

,42

5)

(14

,06

8)

(38

9)

(4,0

82

) -

-

(75

,43

1)

Mis

cella

neo

us In

com

e

-

-

(1)

-

-

-

-

-

-

-

-

-

-

(1)

Unr

ealis

ed G

ain/

loss

*

31

4,1

43

(2

06

,98

6)

1,7

99

,21

7

28

8,1

62

1

1

1,9

83

,37

8

18

2,8

18

2

65

,57

6

35

8,5

21

1

83

,41

3

(56

,59

0)

10

6,8

76

(4

23

) 5

,21

8,1

16

App

ropr

iatio

n / E

xpro

pria

tion

(Inc

om

e)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Tota

l (A

)

668,7

68

152,8

53

2,3

04,7

57

399,2

96

53,7

85

2,2

07,8

33

243,0

85

515,3

63

629,2

25

235,7

25

53,9

74

167,5

51

223,9

29

7,8

56,1

45

Fund

man

agem

ent e

xpen

ses #

86

,53

2

52

,29

6

24

7,1

57

4

1,9

81

5

,24

8

17

6,7

85

2

0,4

32

5

6,1

42

8

1,9

41

2

1,9

33

2

1,8

53

2

5,7

35

1

5,4

47

8

53

,48

2

Fund

adm

inis

trat

ion

expe

nses

Oth

er C

harg

es

F-5

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Tota

l (B

)

86,5

32

52,2

96

247,1

57

41,9

81

5,2

48

176,7

85

20,4

32

56,1

42

81,9

41

21,9

33

21,8

53

25,7

35

15,4

47

853,4

82

Net

Inco

me fo

r th

e y

ear

(A-B

)

582,2

36

100,5

57

2,0

57,6

00

357,3

15

48,5

37

2,0

31,0

48

222,6

53

459,2

21

547,2

84

213,7

92

32,1

21

141,8

16

208,4

82

7,0

02,6

63

Add

: Fun

d re

venu

e ac

coun

t at t

he b

egin

ning

of t

he

7

93

,21

3

61

9,1

86

1

,63

0,7

12

3

20

,29

1

54

,20

3

31

2,2

44

8

8,8

61

3

89

,06

5

26

2,2

17

4

9,7

46

6

7,6

04

9

2,1

77

6

6,9

78

4

,74

6,4

97

peri

od

Fu

nd

reve

nu

e a

cco

un

t at

the e

nd

of t

he y

ear

Mar

31, 2

014

1,3

75,4

49

719,7

43

3,6

88,3

12

677,6

06

102,7

40

2,3

43,2

92

311,5

14

848,2

86

809,5

01

263,5

38

99,7

25

233,9

93

275,4

60

11,7

49,1

60

* N

et c

hang

e in

mar

k to

mar

ket v

alue

of i

nves

tmen

ts

# In

clud

es S

ervi

ce ta

x

(` '

000)

Fu

nd

Nam

eS

ched

ule

Bala

nce

d F

un

dD

eb

t F

un

dE

qu

ity

Fu

nd

Gro

wth

Fu

nd

Liq

uid

Fu

nd

Eq

uit

y-II

Fu

nd

Gro

wth

-II

Fu

nd

Bala

nce

d-I

I F

un

dB

ala

nce

d P

lus

Fu

nd

Gro

wth

Plu

s Fu

nd

Deb

t P

lus

Fu

nd

NA

V G

uara

nte

e

Fu

nd

Dis

con

tin

ued

P

olicy

Fu

nd

Tota

l

SFIN

ULI

F00

31

6/0

6/0

8B

LNC

EDFU

ND

13

6U

LIF0

04

09

/07

/08

IND

EBT

FUN

D1

36

ULI

F00

11

6/0

6/0

8EQ

UIT

YFU

ND

13

6U

LIF0

02

16

/06

/08

GR

OW

TH

FUN

D1

36

ULI

F00

51

4/0

7/0

8LI

QU

IDFU

ND

13

6U

LIF0

06

07

/01

/10

EQU

TY

IIFN

D1

36

ULI

F00

70

7/0

1/1

0G

RO

WT

IIFN

D1

36

ULI

F00

80

7/0

1/1

0B

LNC

DIIF

ND

13

6U

LIF0

10

13

/09

/10

BLN

CD

PLF

ND

13

6U

LIF0

09

13

/09

/10

GR

OW

TPLF

ND

13

6U

LIF0

11

15

/09

/10

DEB

TPLF

UN

D1

36

ULI

F01

21

5/0

4/1

1N

AV

GFU

ND

SI1

36

ULI

F01

31

9/0

9/1

1PO

LDIS

CFN

D1

36

FinancialsFinancials

111110

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Can

ara

HS

BC

Ori

en

tal B

an

k o

f C

om

merc

e L

ife I

nsu

ran

ce C

om

pan

y Ltd

.st

An

nexu

res

to S

ched

ule

16 f

or

the y

ear

en

ded

31

Marc

h, 2014

An

nexu

re 6

Un

it-L

ink

ed

Dis

clo

sure

s -

Fu

nd

Bala

nce

Sh

eet

Fo

rm A

- B

S (

UL)

stFu

nd

Bala

nce

Sh

eet

for

the y

ear

en

ded

31

Marc

h 2

013

(` '

000)

Fu

nd

Nam

eS

ched

ule

Bala

nce

d F

un

dD

eb

t F

un

dE

qu

ity

Fu

nd

Gro

wth

Fu

nd

Liq

uid

Fu

nd

Eq

uit

y-II

Fu

nd

Gro

wth

-II

Fu

nd

Bala

nce

d-I

I F

un

dB

ala

nce

d P

lus

Fu

nd

Gro

wth

Plu

s Fu

nd

Deb

t P

lus

Fu

nd

NA

V G

uara

nte

e

Fu

nd

Dis

con

tin

ued

P

olicy

Fu

nd

Tota

l

SFIN

ULI

F00

31

6/0

6/0

8B

LNC

EDFU

ND

13

6U

LIF0

04

09

/07

/08

IND

EBT

FUN

D1

36

ULI

F00

11

6/0

6/0

8EQ

UIT

YFU

ND

13

6U

LIF0

02

16

/06

/08

GR

OW

TH

FUN

D1

36

ULI

F00

51

4/0

7/0

8LI

QU

IDFU

ND

13

6U

LIF0

06

07

/01

/10

EQU

TY

IIFN

D1

36

ULI

F00

70

7/0

1/1

0G

RO

WT

IIFN

D1

36

ULI

F00

80

7/0

1/1

0B

LNC

DIIF

ND

13

6U

LIF0

10

13

/09

/10

BLN

CD

PLF

ND

13

6U

LIF0

09

13

/09

/10

GR

OW

TPLF

ND

13

6U

LIF0

11

15

/09

/10

DEB

TPLF

UN

D1

36

ULI

F01

21

5/0

4/1

1N

AV

GFU

ND

SI1

36

ULI

F01

31

9/0

9/1

1PO

LDIS

CFN

D1

36

So

urc

es

of F

un

ds

Po

licy

ho

lders

' Fu

nd

s:

Polic

yho

lder

co

ntri

butio

n F-

1

4,8

71

,51

7

3,4

69

,89

0

10

,75

4,2

31

2

,04

4,5

25

3

28

,79

2

10

,18

0,2

64

1

,30

1,4

99

3

,90

0,4

51

4

,31

4,8

31

1

,24

0,9

95

9

16

,96

3

99

9,7

57

1

,56

9,9

65

4

5,8

93

,68

0

Rev

enue

Acc

oun

t

79

3,2

13

6

19

,18

6

1,6

30

,71

2

32

0,2

91

5

4,2

03

3

12

,24

4

88

,86

1

38

9,0

65

2

62

,21

7

49

,74

6

67

,60

4

92

,17

7

66

,97

8

4,7

46

,49

7

Tota

l

5,6

64,7

30

4,0

89,0

76

12,3

84,9

43

2,3

64,8

16

382,9

95

10,4

92,5

08

1,3

90,3

60

4,2

89,5

16

4,5

77,0

48

1,2

90,7

41

984,5

67

1,0

91,9

34

1,6

36,9

43

50,6

40,1

77

Ap

plica

tio

n o

f Fu

nd

s

Inve

stm

ents

F-

2

5,5

42

,27

9

3,9

05

,52

6

12

,27

1,7

61

2

,32

5,8

19

3

64

,83

4

10

,33

9,8

11

1

,37

7,2

90

4

,19

4,1

64

4

,29

4,8

35

1

,25

7,9

38

9

00

,26

5

1,0

75

,20

6

1,5

75

,18

4

49

,42

4,9

12

Cur

rent

Ass

ets

F-3

1

55

,09

4

18

3,5

50

1

48

,51

4

42

,25

1

18

,16

1

23

3,7

04

2

5,6

10

1

20

,78

0

33

3,1

48

4

3,1

06

8

4,3

02

1

6,7

28

6

6,1

84

1

,47

1,1

32

Less

: Cur

rent

Lia

bilit

ies a

nd P

rovi

sio

ns

F-4

3

2,6

43

-

35

,33

2

3,2

54

-

81

,00

7

12

,54

0

25

,42

8

50

,93

5

10

,30

3

-

-

4,4

25

2

55

,86

7

Net

curr

en

t ass

ets

122,4

51

183,5

50

113,1

82

38,9

97

18,1

61

152,6

97

13,0

70

95,3

52

282,2

13

32,8

03

84,3

02

16,7

28

61,7

59

1,2

15,2

65

Tota

l

5,6

64,7

30

4,0

89,0

76

12,3

84,9

43

2,3

64,8

16

382,9

95

10,4

92,5

08

1,3

90,3

60

4,2

89,5

16

4,5

77,0

48

1,2

90,7

41

984,5

67

1,0

91,9

34

1,6

36,9

43

50,6

40,1

77

Net

Ass

et

Valu

e (N

AV

) p

er

Un

it:

14

.46

9

15

.38

9

12

.85

4

13

.18

8

14

.27

8

10

.39

0

11

.00

0

11

.53

8

10

.44

9

9.5

08

1

2.1

44

1

0.7

81

1

1.1

48

(a)

Net

Ass

et a

s per

Bal

ance

She

et

5

,66

4,7

30

4

,08

9,0

76

1

2,3

84

,94

3

2,3

64

,81

6

38

2,9

95

1

0,4

92

,50

8

1,3

90

,36

0

4,2

89

,51

6

4,5

77

,04

8

1,2

90

,74

1

98

4,5

67

1

,09

1,9

34

1

,63

6,9

43

5

0,6

40

,17

7

(T

ota

l Ass

ets l

ess C

urre

nt L

iabi

litie

s and

Pro

visio

ns)

(b) N

umbe

r of U

nits

out

stan

ding

39

1,5

08

,02

2

26

5,7

14

,18

9

96

3,5

08

,88

8

17

9,3

15

,73

6

26

,82

4,1

67

1

,00

9,8

66

,05

2

12

6,3

96

,32

2

37

1,7

72

,96

0

43

8,0

36

,97

5

13

5,7

53

,05

5

81

,07

4,3

97

1

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2

15

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2

29

5,0

98

1

73

3

5,7

47

2

9,9

59

1

71

2

1,6

66

1

58

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1

13

7,0

97

1

9,2

34

4

8,5

74

2

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6

3,3

40

1

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Div

iden

d in

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e

41

,17

3

-

1

78

,39

9

27

,28

1

-

1

33

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5

15

,23

5

29

,43

8

24

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3

12

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8

-

8,7

61

-

47

1,0

53

Pro

fit o

n sa

le o

f inv

estm

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1

17

,52

1

28

,57

6

49

8,4

44

6

2,7

77

1

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6

34

0,4

17

3

2,9

70

8

3,0

74

6

5,1

10

2

4,6

69

5

,59

6

21

,64

7

5,6

70

1

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7,7

27

Loss

on

sale

of i

nves

tmen

t

(11

5,7

22

) (5

,02

2)

(48

2,4

47

) (7

5,6

77

) -

(34

5,4

11

) (3

8,3

43

) (7

6,0

61

) (5

4,1

97

) (3

0,1

87

) (6

87

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6,2

89

) -

(1,2

40

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3)

Pro

fit o

n in

ter f

und

tran

sfer

/ sal

e o

f inv

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3

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5

7,7

11

1

2

20

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6

57

-

9,4

65

2

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5

60

8

5,6

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20

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52

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4

Loss

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ale

of i

nves

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t

(4,1

69

) (3

,69

3)

-

(2

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1)

-

-

(1,2

25

) (1

11

) (4

6)

(69

9)

(33

) -

-

(12

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7)

Mis

cella

neo

us In

com

e

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unr

ealis

ed G

ain/

loss

*

23

2,0

90

6

8,3

53

7

96

,06

0

13

2,8

11

1

6

25

,84

8

81

,02

4

17

7,3

15

1

33

,53

4

60

,59

6

11

,13

1

58

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2

51

4

2,3

77

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9

App

ropr

iatio

n / E

xpro

pria

tion

(Inc

om

e)

-

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-

-

-

-

-

-

Tota

l (A

)

490,1

60

391,0

23

990,6

41

200,2

64

31,2

73

754,1

50

120,7

92

374,6

31

306,8

79

92,0

88

67,2

98

98,0

33

69,5

24

3,9

86,7

56

Fund

man

agem

ent e

xpen

ses#

74

,87

4

39

,02

4

22

7,1

69

3

6,4

23

2

,96

5

13

5,8

37

1

6,6

40

4

6,9

44

4

9,8

00

1

5,7

80

9

,07

1

18

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3

4,8

11

6

77

,57

1

Fund

adm

inis

trat

ion

expe

nses

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er C

harg

es

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-

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-

-

-

-

-

-

-

-

-

-

-

-

Tota

l (B

)

74,8

74

39,0

24

227,1

69

36,4

23

2,9

65

135,8

37

16,6

40

46,9

44

49,8

00

15,7

80

9,0

71

18,2

33

4,8

11

677,5

71

Net

Inco

me fo

r th

e y

ear

(A-B

)

415,2

86

351,9

99

763,4

72

163,8

41

28,3

08

618,3

13

104,1

52

327,6

87

257,0

79

76,3

08

58,2

27

79,8

00

64,7

13

3,3

09,1

85

Add

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coun

t at t

he b

egin

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of t

he

3

77

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7

26

7,1

87

8

67

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0

15

6,4

50

2

5,8

95

(3

06

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9)

(15

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1)

61

,37

8

5,1

38

(2

6,5

62

) 9

,37

7

12

,37

7

2,2

65

1

,43

7,3

12

peri

od

Fu

nd

reve

nu

e a

cco

un

t at

the e

nd

of t

he y

ear

Mar

31,2

013

7

93

,21

3

61

9,1

86

1

,63

0,7

12

3

20

,29

1

54

,20

3

31

2,2

44

8

8,8

61

3

89

,06

5

26

2,2

17

4

9,7

46

6

7,6

04

9

2,1

77

6

6,9

78

4

,74

6,4

97

0

* N

et c

hang

e in

mar

k to

mar

ket v

alue

of i

nves

tmen

ts

# In

clud

es S

ervi

ce ta

x

FinancialsFinancials

113112

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Can

ara

HS

BC

Ori

en

tal B

an

k o

f C

om

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e L

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nexu

res

to S

ched

ule

16 f

or

the y

ear

en

ded

31

Marc

h, 2014

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nexu

re 6

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sure

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nd

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for

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ear

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ded

31

Marc

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013

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15

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9/0

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So

urc

es

of F

un

ds

Po

licy

ho

lders

' Fu

nd

s:

Polic

yho

lder

co

ntri

butio

n F-

1

4,8

71

,51

7

3,4

69

,89

0

10

,75

4,2

31

2

,04

4,5

25

3

28

,79

2

10

,18

0,2

64

1

,30

1,4

99

3

,90

0,4

51

4

,31

4,8

31

1

,24

0,9

95

9

16

,96

3

99

9,7

57

1

,56

9,9

65

4

5,8

93

,68

0

Rev

enue

Acc

oun

t

79

3,2

13

6

19

,18

6

1,6

30

,71

2

32

0,2

91

5

4,2

03

3

12

,24

4

88

,86

1

38

9,0

65

2

62

,21

7

49

,74

6

67

,60

4

92

,17

7

66

,97

8

4,7

46

,49

7

Tota

l

5,6

64,7

30

4,0

89,0

76

12,3

84,9

43

2,3

64,8

16

382,9

95

10,4

92,5

08

1,3

90,3

60

4,2

89,5

16

4,5

77,0

48

1,2

90,7

41

984,5

67

1,0

91,9

34

1,6

36,9

43

50,6

40,1

77

Ap

plica

tio

n o

f Fu

nd

s

Inve

stm

ents

F-

2

5,5

42

,27

9

3,9

05

,52

6

12

,27

1,7

61

2

,32

5,8

19

3

64

,83

4

10

,33

9,8

11

1

,37

7,2

90

4

,19

4,1

64

4

,29

4,8

35

1

,25

7,9

38

9

00

,26

5

1,0

75

,20

6

1,5

75

,18

4

49

,42

4,9

12

Cur

rent

Ass

ets

F-3

1

55

,09

4

18

3,5

50

1

48

,51

4

42

,25

1

18

,16

1

23

3,7

04

2

5,6

10

1

20

,78

0

33

3,1

48

4

3,1

06

8

4,3

02

1

6,7

28

6

6,1

84

1

,47

1,1

32

Less

: Cur

rent

Lia

bilit

ies a

nd P

rovi

sio

ns

F-4

3

2,6

43

-

35

,33

2

3,2

54

-

81

,00

7

12

,54

0

25

,42

8

50

,93

5

10

,30

3

-

-

4,4

25

2

55

,86

7

Net

curr

en

t ass

ets

122,4

51

183,5

50

113,1

82

38,9

97

18,1

61

152,6

97

13,0

70

95,3

52

282,2

13

32,8

03

84,3

02

16,7

28

61,7

59

1,2

15,2

65

Tota

l

5,6

64,7

30

4,0

89,0

76

12,3

84,9

43

2,3

64,8

16

382,9

95

10,4

92,5

08

1,3

90,3

60

4,2

89,5

16

4,5

77,0

48

1,2

90,7

41

984,5

67

1,0

91,9

34

1,6

36,9

43

50,6

40,1

77

Net

Ass

et

Valu

e (N

AV

) p

er

Un

it:

14

.46

9

15

.38

9

12

.85

4

13

.18

8

14

.27

8

10

.39

0

11

.00

0

11

.53

8

10

.44

9

9.5

08

1

2.1

44

1

0.7

81

1

1.1

48

(a)

Net

Ass

et a

s per

Bal

ance

She

et

5

,66

4,7

30

4

,08

9,0

76

1

2,3

84

,94

3

2,3

64

,81

6

38

2,9

95

1

0,4

92

,50

8

1,3

90

,36

0

4,2

89

,51

6

4,5

77

,04

8

1,2

90

,74

1

98

4,5

67

1

,09

1,9

34

1

,63

6,9

43

5

0,6

40

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7

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ota

l Ass

ets l

ess C

urre

nt L

iabi

litie

s and

Pro

visio

ns)

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r of U

nits

out

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39

1,5

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,02

2

26

5,7

14

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9

96

3,5

08

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8

17

9,3

15

,73

6

26

,82

4,1

67

1

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9,8

66

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2

12

6,3

96

,32

2

37

1,7

72

,96

0

43

8,0

36

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5

13

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53

,05

5

81

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4,3

97

1

01

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3,1

76

1

46

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(c)

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14

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10

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0

11

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0

11

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8

10

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9

9.5

08

1

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44

1

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81

1

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48

Can

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AV

GFU

ND

SI1

36

ULI

F01

31

9/0

9/1

1PO

LDIS

CFN

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36

Inco

me fr

om

inve

stm

en

ts

Inte

rest

inco

me

2

15

,77

2

29

5,0

98

1

73

3

5,7

47

2

9,9

59

1

71

2

1,6

66

1

58

,21

1

13

7,0

97

1

9,2

34

4

8,5

74

2

5,0

91

6

3,3

40

1

,05

0,1

33

Div

iden

d in

com

e

41

,17

3

-

1

78

,39

9

27

,28

1

-

1

33

,12

5

15

,23

5

29

,43

8

24

,77

3

12

,86

8

-

8,7

61

-

47

1,0

53

Pro

fit o

n sa

le o

f inv

estm

ent

1

17

,52

1

28

,57

6

49

8,4

44

6

2,7

77

1

,25

6

34

0,4

17

3

2,9

70

8

3,0

74

6

5,1

10

2

4,6

69

5

,59

6

21

,64

7

5,6

70

1

,28

7,7

27

Loss

on

sale

of i

nves

tmen

t

(11

5,7

22

) (5

,02

2)

(48

2,4

47

) (7

5,6

77

) -

(34

5,4

11

) (3

8,3

43

) (7

6,0

61

) (5

4,1

97

) (3

0,1

87

) (6

87

) (1

6,2

89

) -

(1,2

40

,04

3)

Pro

fit o

n in

ter f

und

tran

sfer

/ sal

e o

f inv

estm

ent

3

,49

5

7,7

11

1

2

20

,21

6

57

-

9,4

65

2

,76

5

60

8

5,6

07

2

,71

7

20

1

-

52

,85

4

Loss

on

inte

r fun

d tr

ansf

er/ s

ale

of i

nves

tmen

t

(4,1

69

) (3

,69

3)

-

(2

,89

1)

-

-

(1,2

25

) (1

11

) (4

6)

(69

9)

(33

) -

-

(12

,86

7)

Mis

cella

neo

us In

com

e

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unr

ealis

ed G

ain/

loss

*

23

2,0

90

6

8,3

53

7

96

,06

0

13

2,8

11

1

6

25

,84

8

81

,02

4

17

7,3

15

1

33

,53

4

60

,59

6

11

,13

1

58

,62

2

51

4

2,3

77

,89

9

App

ropr

iatio

n / E

xpro

pria

tion

(Inc

om

e)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Tota

l (A

)

490,1

60

391,0

23

990,6

41

200,2

64

31,2

73

754,1

50

120,7

92

374,6

31

306,8

79

92,0

88

67,2

98

98,0

33

69,5

24

3,9

86,7

56

Fund

man

agem

ent e

xpen

ses#

74

,87

4

39

,02

4

22

7,1

69

3

6,4

23

2

,96

5

13

5,8

37

1

6,6

40

4

6,9

44

4

9,8

00

1

5,7

80

9

,07

1

18

,23

3

4,8

11

6

77

,57

1

Fund

adm

inis

trat

ion

expe

nses

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er C

harg

es

F-5

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Tota

l (B

)

74,8

74

39,0

24

227,1

69

36,4

23

2,9

65

135,8

37

16,6

40

46,9

44

49,8

00

15,7

80

9,0

71

18,2

33

4,8

11

677,5

71

Net

Inco

me fo

r th

e y

ear

(A-B

)

415,2

86

351,9

99

763,4

72

163,8

41

28,3

08

618,3

13

104,1

52

327,6

87

257,0

79

76,3

08

58,2

27

79,8

00

64,7

13

3,3

09,1

85

Add

: Fun

d re

venu

e ac

coun

t at t

he b

egin

ning

of t

he

3

77

,92

7

26

7,1

87

8

67

,24

0

15

6,4

50

2

5,8

95

(3

06

,06

9)

(15

,29

1)

61

,37

8

5,1

38

(2

6,5

62

) 9

,37

7

12

,37

7

2,2

65

1

,43

7,3

12

peri

od

Fu

nd

reve

nu

e a

cco

un

t at

the e

nd

of t

he y

ear

Mar

31,2

013

7

93

,21

3

61

9,1

86

1

,63

0,7

12

3

20

,29

1

54

,20

3

31

2,2

44

8

8,8

61

3

89

,06

5

26

2,2

17

4

9,7

46

6

7,6

04

9

2,1

77

6

6,9

78

4

,74

6,4

97

0

* N

et c

hang

e in

mar

k to

mar

ket v

alue

of i

nves

tmen

ts

# In

clud

es S

ervi

ce ta

x

FinancialsFinancials

113112

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Can

ara

HS

BC

Ori

en

tal B

an

k o

f C

om

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nd

Reve

nu

e &

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nd

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nce

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eet

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it L

ink

ed

(U

L))

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clo

sure

s fo

r th

e y

ear

en

ded

31

Marc

h, 2014

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ed

ule

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-1 -

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licy

ho

lder

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ntr

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tio

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(` '

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F00

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13

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OW

TPLF

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13

6U

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11

15

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DEB

TPLF

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21

5/0

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AV

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36

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31

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Ope

ning

bal

ance

4

,87

1,5

17

3

,46

9,8

90

1

0,7

54

,23

1

2,0

44

,52

5

32

8,7

92

1

0,1

80

,26

4

1,3

01

,49

9

3,9

00

,45

1

4,3

14

,83

1

1,2

40

,99

5

91

6,9

63

9

99

,75

7

1,5

69

,96

5

45

,89

3,6

80

Add

: Add

itio

ns d

urin

g th

e ye

ar*

30

4,2

89

1

,01

8,2

07

2

46

,65

9

12

1,7

73

5

15

,09

7

1,7

47

,02

8

16

6,9

03

3

96

,78

9

1,9

32

,52

2

37

2,3

85

1

,11

5,0

05

4

36

,48

9

2,2

96

,36

9

10

,66

9,5

15

Less

: Ded

uctio

ns d

urin

g th

e ye

ar*

49

3,2

84

3

57

,93

7

2,1

14

,81

5

24

2,3

46

1

24

,86

9

51

6,1

01

7

5,7

72

2

04

,89

1

28

5,3

00

1

32

,34

6

33

,02

2

10

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1

78

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0

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67

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7

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sing

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ance

4

,682,5

22

4,1

30,1

60

8,8

86,0

75

1,9

23,9

52

719,0

20

11,4

11,1

91

1,3

92,6

30

4,0

92,3

49

5,9

62,0

53

1,4

81,0

34

1,9

98,9

46

1,3

27,9

92

3,6

87,6

14

51,6

95,5

38

* A

dditi

ons

repr

esen

ts u

nits

cre

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n an

d de

duct

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repr

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t uni

t can

cella

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ed

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vest

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ts(`

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nd

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6

-

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89

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7

-

-

21

7,0

62

1

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53

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9,2

58

1

79

,21

3

1,2

50

,31

1

56

8,4

43

2

,56

4,2

64

1

1,3

76

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2

Co

rpo

rate

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nds

33

7,8

37

7

44

,90

4

-

1

6,7

58

-

-

1

3,8

35

2

09

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0

28

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82

1

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14

1

64

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0

-

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1,7

86

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0

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re B

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s 1

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0,6

52

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66

-

17

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09

-

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7

9,9

74

9

38

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2

1,2

39

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11

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4

71

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1

-

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5,7

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7

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ty

2,9

25

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-

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73

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8

-

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Mo

ney

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Mut

ual F

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6

6,6

63

1

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81

7

3,3

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1

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1

26

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4

31

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83

2

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08

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8

38

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94

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4

29

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7

19

8,1

54

1

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3,8

89

Tota

l

5,8

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11

4,7

00,7

47

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47,3

36

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774,0

61

13,1

90,8

01

1,6

48,0

88

4,7

17,5

46

6,3

69,9

99

1,6

84,1

12

1,9

79,9

26

1,4

90,2

37

3,7

97,6

95

60,7

79,7

32

Oth

er

Inve

stm

en

ts

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rpo

rate

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nds

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-

-

-

-

-

-

-

-

-

-

-

-

Infr

astr

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re B

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s -

-

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-

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-

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-

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ty

10

8,5

38

-

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6,5

44

3

9,3

19

-

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Mo

ney

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Mut

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24

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9

Tota

l 1

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56,5

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476,5

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68

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nd

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tal

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49

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92

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45

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% o

f Ap

pro

ved

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ts t

o T

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l 9

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1

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%

96

%

98

%

10

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9

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9

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9

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9

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9

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%

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%

99

%

98

%

% o

f Oth

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o T

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4

%

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%

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1

%

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%

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%

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Acc

rued

Inte

rest

1

03

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1

15

8,6

00

-

16

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42

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-

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75

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9

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56

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65

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Ban

k B

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53

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Rec

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ble

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ale

of I

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29

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52

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11

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1

42

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6

6,9

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2

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43

3

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-

11

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-

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5,9

41

Uni

t Co

llect

ion

A/c

#

35

4

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16

1

68

5

9

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71

8

8,4

29

1

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80

3

6,6

83

1

65

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0

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58

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4

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41

8

3,7

72

4

74

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9

Oth

er C

urre

nt A

sset

s (fo

r Inv

estm

ents

) 2

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5

-

5

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-

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7

-

2

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5

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-

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53

,79

1

Tota

l 1

45,4

44

161,8

44

165,6

58

29,2

46

47,7

23

278,0

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FinancialsFinancials

115114

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Can

ara

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em.

FinancialsFinancials

115114

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Can

ara

HS

BC

Ori

en

tal B

an

k o

f C

om

merc

e L

ife I

nsu

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om

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A

nn

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to S

ched

ule

16 f

or

the y

ear

en

ded

31

Marc

h, 2014

An

nexu

re 6

2013-1

42012-1

32011-1

2F

un

d N

am

eS

FIN

Co

de

Date

of

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Year

Sin

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ance

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13

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GR

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6

13

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15

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DEB

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V G

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Bal

ance

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ULI

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31

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13

6

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-

-

-

5,6

64

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0

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0%

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t Fun

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04

09

/07

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IND

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-

-

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89

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6

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0%

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ty F

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7

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0

12

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4,9

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.61

%

Gro

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Fun

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02

16

/06

/08

GR

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-

-

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1

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38

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.31

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ty-I

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06

07

/01

/10

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TY

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0

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ance

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08

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/01

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89

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0%

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ance

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10

13

/09

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8

0.0

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Gro

wth

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09

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/09

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-

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1

0.0

0%

Deb

t Plu

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11

15

/09

/10

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36

-

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-

-

-

98

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67

0

.00

%

NA

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ntee

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12

15

/04

/11

NA

VG

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13

6

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-

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1,0

91

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4

0.0

0%

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cont

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13

19

/09

/11

PO

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50

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-

5

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217,0

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3%

FinancialsFinancials

117116

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Can

ara

HS

BC

Ori

en

tal B

an

k o

f C

om

merc

e L

ife I

nsu

ran

ce C

om

pan

y Ltd

.st

A

nn

exu

res

to S

ched

ule

16 f

or

the y

ear

en

ded

31

Marc

h, 2014

An

nexu

re 6

2013-1

42012-1

32011-1

2F

un

d N

am

eS

FIN

Co

de

Date

of

Ince

pti

on

Year

Sin

ce I

nce

pti

on

Bal

ance

d Fu

nd

ULI

F00

31

6/0

6/0

8B

LNC

EDFU

ND

13

6

16

-Jun

-08

1

0.2

6%

8

.59

%

-1.7

3%

5

9.5

3%

Deb

t Fun

d U

LIF0

04

09

/07

/08

IND

EBT

FUN

D1

36

0

9-J

ul-0

8

2.3

4%

1

0.9

4%

6

.98

%

57

.49

%

Equi

ty F

und

ULI

F00

11

6/0

6/0

8EQ

UIT

YFU

ND

13

6

16

-Jun

-08

1

7.7

5%

6

.97

%

-10

.35

%

51

.36

%

Gro

wth

Fun

d U

LIF0

02

16

/06

/08

GR

OW

TH

FUN

D1

36

1

6-J

un-0

8

15

.24

%

8.0

8%

-6

.93

%

51

.98

%

Liqu

id F

und

ULI

F00

51

4/0

7/0

8LI

QU

IDFU

ND

13

6

14

-Jul

-08

8

.66

%

9.1

4%

8

.58

%

55

.15

%

Equi

ty-I

I Fun

d U

LIF0

06

07

/01

/10

EQU

TY

IIFN

D1

36

0

7-J

an-1

0

18

.00

%

7.2

0%

-9

.93

%

22

.60

%

Gro

wth

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und

ULI

F00

70

7/0

1/1

0G

RO

WT

IIFN

D1

36

0

7-J

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15

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%

8.5

3%

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.47

%

26

.88

%

Bal

ance

d-II

Fund

U

LIF0

08

07

/01

/10

BLN

CD

IIFN

D1

36

0

7-J

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10

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%

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6%

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.37

%

27

.33

%

Bal

ance

d Plu

s Fun

d U

LIF0

10

13

/09

/10

BLN

CD

PLF

ND

13

6

13

-Sep

-10

9

.73

%

8.6

2%

-1

.73

%

14

.66

%

Gro

wth

Plu

s Fun

d U

LIF0

09

13

/09

/10

GR

OW

TPLF

ND

13

6

13

-Sep

-10

1

5.1

3%

8

.29

%

-6.6

2%

9

.47

%

Deb

t Plu

s Fun

d U

LIF0

11

15

/09

/10

DEB

TPLF

UN

D1

36

1

5-S

ep-1

0

1.5

9%

1

0.7

4%

6

.48

%

23

.37

%

NA

V G

uara

ntee

Fun

d U

LIF0

12

15

/04

/11

NA

VG

FUN

DSI

13

6

15

-Apr

-11

1

0.3

3%

8

.03

%

NA

1

8.9

5%

Dis

cont

inue

d Po

licy

Fund

U

LIF0

13

19

/09

/11

PO

LDIS

CFN

D1

36

1

9-S

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1

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5%

7

.85

%

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2

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All

the

abo

ve n

umbe

rs a

re o

n ab

solu

te re

turn

bas

is.

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per

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ance

has

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hat h

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orm

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ce o

f u

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ked

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nd

s (A

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%)

Can

ara

HS

BC

Ori

en

tal B

an

k o

f C

om

merc

e L

ife I

nsu

ran

ce C

om

pan

y Ltd

.st

A

nn

exu

res

to S

ched

ule

16 f

or

the y

ear

en

ded

31

Marc

h, 2014

(B)

Inve

stm

en

t M

an

agem

en

t

(1)

Act

ivit

ies

ou

tso

urc

ed

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il, P

revi

ou

s Y

ear

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il

(2)

Fee p

aid

fo

r va

rio

us

act

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ies

charg

ed

to

Po

licy

ho

lders

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cco

un

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( C

) C

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ts h

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th

e P

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p

An

nexu

re 6

Bal

ance

d Fu

nd

ULI

F00

31

6/0

6/0

8B

LNC

EDFU

ND

13

6

-

-

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-

-

-

6,0

57

,97

2

0.0

0%

Deb

t Fun

d U

LIF0

04

09

/07

/08

IND

EBT

FUN

D1

36

-

-

-

-

-

-

4,8

49

,90

2

0.0

0%

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ty F

und

ULI

F00

11

6/0

6/0

8EQ

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6

-

-

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12

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4,3

87

0

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%

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02

16

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GR

OW

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01

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0

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QU

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13

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12

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82

1,7

61

1

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%

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ty-I

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06

07

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EQU

TY

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36

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-

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80

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13

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83

0

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und

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F00

70

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0G

RO

WT

IIFN

D1

36

-

-

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-

-

-

1,7

04

,14

4

0.0

0%

Bal

ance

d-II

Fund

U

LIF0

08

07

/01

/10

BLN

CD

IIFN

D1

36

-

-

-

-

-

-

4,9

40

,63

7

0.0

0%

Bal

ance

d Plu

s Fun

d U

LIF0

10

13

/09

/10

BLN

CD

PLF

ND

13

6

-

-

-

-

-

-

6,7

71

,55

4

0.0

0%

Gro

wth

Plu

s Fun

d U

LIF0

09

13

/09

/10

GR

OW

TPLF

ND

13

6

-

-

-

-

-

-

1,7

44

,57

1

0.0

0%

Deb

t Plu

s Fun

d U

LIF0

11

15

/09

/10

DEB

TPLF

UN

D1

36

-

-

-

-

-

-

2,0

98

,67

1

0.0

0%

NA

V G

uara

ntee

Fun

d U

LIF0

12

15

/04

/11

NA

VG

FUN

DSI

13

6

-

-

-

-

-

-

1,5

61

,98

4

0.0

0%

Dis

cont

inue

d Po

licy

Fund

U

LIF0

13

19

/09

/11

PO

LDIS

CFN

D1

36

-

-

-

-

15

0,0

46

1

50

,04

6

3,9

63

,07

4

3.7

9%

Tota

l

-

1

2,0

00

-

-

2

30,0

71

242,0

71

63,4

44,7

00

0.3

8%

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000)

Fu

nd

Nam

eS

FIN

Co

de

% t

o t

ota

lfu

nd

sC

an

ara

Ban

k

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en

tal B

an

ko

fC

om

merc

e

HS

BC

Ban

k

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ara

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beco

Mu

tual F

un

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HS

BC

Mu

tual

Fu

nd

Tota

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vest

men

ts

in P

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ote

rG

rou

p

Tota

l F

un

d

Fo

r th

e y

ear

en

ded

Marc

h 3

1, 2014

(` '

000)

Fu

nd

Nam

eS

FIN

Co

de

% t

o t

ota

lfu

nd

sC

an

ara

Ban

k

Ori

en

tal B

an

ko

fC

om

merc

e

HS

BC

Ban

k

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ara

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beco

Mu

tual F

un

d

HS

BC

Mu

tual

Fu

nd

Tota

lIn

vest

men

ts

in P

rom

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rou

p

Tota

l F

un

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Fo

r th

e y

ear

en

ded

Marc

h 3

1, 2014

Bal

ance

d Fu

nd

ULI

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FinancialsFinancials

117116

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Can

ara

HS

BC

Ori

en

tal B

an

k o

f C

om

merc

e L

ife I

nsu

ran

ce C

om

pan

y Ltd

.st

An

nexu

res

to S

ched

ule

16 f

or

the y

ear

en

ded

31

Marc

h, 2014

An

nexu

re 6

(C.(

i))

Sta

tem

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t S

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Part

ies

Fo

r th

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ear

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Marc

h 3

1, 2014

(` '

000)

Nam

e o

f th

e R

ela

ted

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y To

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rip

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nd

Eq

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nd

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nd

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uid

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nd

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nd

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s F

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t P

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nd

NA

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nd

Dis

con

tin

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nd

ULI

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07

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13

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LIF0

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No

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Purc

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C

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pany

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& D

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ldin

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Sale

/ M

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C

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pany

D

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sits

& D

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ities

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-

-

-

-

-

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-

-

-

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C

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ank

Ho

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n D

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s

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pany

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ank

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agem

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-

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7

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8

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obe

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utua

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ther

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ofit

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54

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5

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6

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ofit

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sale

of M

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-

92

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61

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1

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45

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Can

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en

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an

k o

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om

merc

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ran

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om

pan

y Ltd

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nexu

res

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ched

ule

16 f

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ear

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ded

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Marc

h, 2014

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nexu

re 6

(C.(

i))

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tem

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r th

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h 3

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(` '

000)

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7,0

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FinancialsFinancials

119118

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Can

ara

HS

BC

Ori

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an

k o

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merc

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und

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58

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(Man

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Ass

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agem

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7

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anar

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58

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4

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8

C

anar

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utua

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ofit

/ (L

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sale

of M

utua

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42

1

82

9

64

1

11

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3

94

3

1

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3

1

5

21

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15

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7

Ban

king

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ities

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ket

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6

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2,9

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2,2

95

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62

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7,7

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Indi

a Pvt

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tere

st

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HSB

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und

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ts

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50

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50

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90

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aged

by

HSB

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1

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by

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Fund

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78

In

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13

6

FinancialsFinancials

119118

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

(` '

000)

Can

ara

HS

BC

Ori

en

tal B

an

k o

f C

om

merc

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ran

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om

pan

y Ltd

.st

An

nexu

res

to S

ched

ule

16 f

or

the y

ear

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ded

31

Marc

h, 2014

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nexu

re 6

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it-L

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vest

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ith

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osu

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31

Marc

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Fu

nd

Nam

e : B

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un

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Co

de: U

LIF

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8B

LN

CE

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rity

C

ate

go

ryIn

vest

men

t A

mo

un

tP

erc

en

tage o

f F

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.No

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du

stry

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or

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stm

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t

IC

ICI B

ank

Ltd

Equi

ty

24

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4

.07

%

HD

FC B

ank

Ltd

Equi

ty

22

5,9

26

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Po

wer

Fin

Co

rp. L

td. N

CD

(MD

11

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3

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%

Ho

usin

g D

evel

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ent F

inan

ce C

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tion

Ltd

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ty

14

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25

2

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%

9.4

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Po

wer

Fin

ance

Co

rp L

td N

CD

Ser

ies 8

9-B

(MD

02

/05

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12

0,1

74

1

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%

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8%

Rur

al E

lect

rific

atio

n C

orp

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tion

Ltd

(MD

06

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ebt

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8

1.4

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H

ous

ing

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rp. L

td. F

RN

Ann

ual R

eset

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20

b(M

D 1

8/1

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ebt

81

,00

0

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4%

9

.75

% R

ural

Ele

ctri

ficat

ion

Co

rp. L

td. (

MD

11

-11

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) D

ebt

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4

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Ho

usin

g D

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ce C

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D (M

D 3

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Deb

t 7

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11

1

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Ko

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ty

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cial

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vice

s Ltd

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D (M

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Deb

t 6

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an R

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in. C

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D (M

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t 6

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11

1

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8%

Tat

a So

ns L

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CD

(MD

23

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20

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ebt

63

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ty

53

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D

WS

Inst

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n C

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tion

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(MD

12

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ty

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8

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atio

nal C

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D (M

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/C 4

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t 3

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Ho

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ce C

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D (M

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0

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Fun

d - T

reas

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Deb

t 2

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0

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IDFC

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57

0

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Sun

dara

m F

inan

ce N

CD

(MD

07

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13

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ion

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rp L

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in C

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. Ltd

. NC

D (M

D 0

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0

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al E

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n C

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tion

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15

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in C

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D (M

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1)

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inan

cial

Ser

vice

s Ltd

NC

D (M

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91

0

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%

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k o

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Ann

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Deb

t 1

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0

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%

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Baj

aj F

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ce L

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NC

D (M

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D (M

D 2

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D (M

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(MD

14

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an R

ailw

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in. C

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D (M

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ata

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Ltd

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D (M

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Deb

t 4

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3

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7%

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Sun

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in. L

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CD

(MD

04

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) D

ebt

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0

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%

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% IC

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D (M

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D

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0

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tal

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ran

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(` '

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Can

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Ori

en

tal B

an

k o

f C

om

merc

e L

ife I

nsu

ran

ce C

om

pan

y Ltd

.st

An

nexu

res

to S

ched

ule

16 f

or

the y

ear

en

ded

31

Marc

h, 2014

An

nexu

re 6

Un

it-L

ink

ed

Dis

clo

sure

s -

Oth

er

Dis

clo

sure

s(J

) In

du

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ith

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an

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bo

ve s

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gate

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Fo

r th

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ear

en

ded

31

Marc

h, 2014

Fu

nd

Nam

e : D

eb

t F

un

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FIN

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de : U

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00409/0

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DE

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Secu

rity

C

ate

go

ryIn

vest

men

t A

mo

un

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tage o

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du

stry

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en

t

9

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ural

Ele

ctri

ficat

ion

Co

rpo

ratio

n Lt

d (M

D 1

9-N

ov-

20

22

) D

ebt

14

8,5

93

3

.06

%

9.5

7%

LIC

Ho

usin

g Fi

n. L

td. N

CD

(MD

07

/09

/20

17

) D

ebt

14

3,5

76

2

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%

0.0

0%

Ho

usin

g D

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ent F

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Ltd

ZC

B (M

D 1

0/0

1/2

01

7)

Deb

t 1

10

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9

2.2

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9

.92

% S

unda

ram

Fin

ance

NC

D (M

D 0

7-S

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01

5)

Deb

t 1

00

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0

2.0

7%

9

.50

% H

ous

ing

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rp. L

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CD

(MD

13

/08

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) D

ebt

10

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%

10

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% H

DB

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anci

al S

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ces L

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CD

(MD

12

-06

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) D

ebt

91

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4

1.8

9%

9

.68

%Ta

ta S

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Ltd

NC

D (M

D 1

0/0

1/2

01

7)

Deb

t 8

0,4

87

1

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%

9.6

8%

IL &

FS

Ltd

NC

D (M

D 2

5-0

7-2

02

1)

Deb

t 7

4,1

54

1

.53

%

8.9

7%

Tat

a So

ns L

td N

CD

(MD

15

/07

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20

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72

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2

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0%

9

.75

% IL

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anci

al S

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td N

CD

(MD

03

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) D

ebt

60

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5

1.2

5%

8

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% R

ural

Ele

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ficat

ion

Co

rpo

ratio

n Lt

d (M

D 1

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pr-2

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3)

Deb

t 5

7,1

79

1

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%

9.0

0%

Po

wer

Fin

Co

rp. L

td. N

CD

(MD

11

/03

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28

) D

ebt

52

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8

1.0

8%

9

.56

% L

IC H

ous

ing

Fina

nce

Ltd

NC

D (M

D 1

9/0

1/2

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7)

Deb

t 5

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0%

Baj

aj F

inan

ce L

td.

NC

D (M

D 1

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8)

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t 4

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07

1

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%

9.6

2%

LIC

Ho

usin

g Fi

nanc

e Lt

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CD

(MD

30

/04

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15

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ebt

42

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5

0.8

7%

8

.68

% N

atio

nal C

ap R

eg P

lan

NC

D (M

D 4

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0) P

/C 4

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7

Deb

t 4

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62

0

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8.7

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Indi

an R

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in. C

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D (M

D 0

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0)

Deb

t 3

8,0

73

0

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9.3

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Dev

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rp. L

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CD

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04

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rp. L

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CD

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23

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Rel

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30

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Ho

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Po

wer

Fin

ance

Co

rp. L

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21

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5)

Deb

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71

0

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9.8

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Tat

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CD

(MD

16

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17

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Ele

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ion

Co

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in. C

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D (M

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Co

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01

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port

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MD

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Cap

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CD

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10

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D 0

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Tata

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CD

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23

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10

% IC

ICI B

ank

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NC

D (M

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7).

D

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0

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06

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FinancialsFinancials

121120

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

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000)

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An

nexu

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Ltd

Equi

ty

22

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Po

wer

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Co

rp. L

td. N

CD

(MD

11

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Ho

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Fin

ance

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rp L

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Ser

ies 8

9-B

(MD

02

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0,1

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tion

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06

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Ann

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81

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9

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% R

ural

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MD

11

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21

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ebt

72

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4

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Ho

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ce C

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Ltd

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D (M

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D (M

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an R

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D (M

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1

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23

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12

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13

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D (M

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14

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D (M

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t 4

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CD

(MD

04

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D (M

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ran

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ife I

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ran

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pan

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.st

An

nexu

res

to S

ched

ule

16 f

or

the y

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ded

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Marc

h, 2014

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nexu

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Fu

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ratio

n Lt

d (M

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20

22

) D

ebt

14

8,5

93

3

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%

9.5

7%

LIC

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usin

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n. L

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CD

(MD

07

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2

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9

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ance

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D (M

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D (M

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7)

Deb

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87

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D (M

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8

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Co

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n Lt

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Po

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11

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28

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9

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Baj

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LIC

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CD

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30

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8

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atio

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lan

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D (M

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Indi

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D (M

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%

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CD

(MD

04

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9

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23

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Rel

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D (M

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CD

(MD

30

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9

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D (M

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Deb

t 2

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41

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Ho

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in. C

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D (M

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t 2

8,0

58

0

.58

%

9.2

7%

Po

wer

Fin

ance

Co

rp. L

td. N

CD

(MD

21

/08

/20

17

) D

ebt

24

,89

1

0.5

1%

0

9.8

0%

LIC

Ho

usin

g Fi

nanc

e Lt

d (M

D 0

9-J

an-2

01

5)

Deb

t 2

3,0

71

0

.48

%

9.8

7%

Tat

a So

ns L

td N

CD

(MD

16

/04

/20

17

) D

ebt

20

,24

1

0.4

2%

9

.25

% R

ural

Ele

ctri

ficat

ion

Co

rpo

ratio

n Lt

d (M

D 2

7/0

8/2

01

7)

Deb

t 1

9,9

01

0

.41

%

8.8

3%

Indi

an R

ailw

ays F

in. C

orp

. NC

D (M

D 2

5/0

3/2

02

3)

Deb

t 1

7,1

68

0

.35

%

9.3

6%

Po

wer

Fin

Co

rp. L

td. N

CD

(MD

01

/08

/21

) D

ebt

16

,75

8

0.3

5%

Ex

port

Impo

rt B

ank

of I

ndia

FR

N A

nnua

l Res

et 5

y IN

CM

TB

MK

+1

00

bps(

MD

09

/08

/16

) D

ebt

16

,00

0

0.3

3%

9

.70

% H

ous

ing

Dev

. Fin

. Co

rp. L

td.

NC

D (M

D 0

9/0

2/2

01

6)

Deb

t 1

5,0

66

0

.31

%

10

.35

% R

elia

nce

Cap

ital L

td. N

CD

(MD

10

/04

/20

14

) D

ebt

15

,00

3

0.3

1%

9

.61

% P

ow

er F

in C

orp

. Ltd

. NC

D (M

D 2

9/0

6/2

1)

Deb

t 1

2,9

83

0

.27

%

10

% S

unda

ram

Fin

. Ltd

. NC

D (M

D 0

4/0

1/2

01

7)

Deb

t 7

,04

7

0.1

5%

B

irla

Sun

Life

Cas

h Plu

s - G

row

th -

Dir

ect P

lan

Deb

t 6

,49

4

0.1

3%

R

elia

nce

Liqu

id F

und

- Tre

asur

y Pla

n - D

irec

t Pla

n - G

row

th

Deb

t 6

,49

4

0.1

3%

D

WS

Inst

a C

ash

Plu

s Fun

d - D

irec

t Pla

n - G

row

th

Deb

t 6

,49

3

0.1

3%

1

0.3

0%

Tata

So

ns L

td. N

CD

(MD

23

/04

/20

14

) D

ebt

6,0

02

0

.12

%

10

% IC

ICI B

ank

Ltd.

NC

D (M

D 1

0/1

1/2

01

7).

D

ebt

4,3

73

0

.09

%

To

tal

1

,714,4

06

35.3

5%

2

O

ther

s To

tal

3

,135,4

97

64.6

5%

G

ran

d T

ota

l

4,8

49,9

03

100.0

0%

FinancialsFinancials

121120

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

(` '

000)

Can

ara

HS

BC

Ori

en

tal B

an

k o

f C

om

merc

e L

ife I

nsu

ran

ce C

om

pan

y Ltd

.st

An

nexu

res

to S

ched

ule

16 f

or

the y

ear

en

ded

31

Marc

h, 2014

An

nexu

re 6

Un

it-L

ink

ed

Dis

clo

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Dis

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Ind

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men

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osu

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d a

bo

ve s

egre

gate

d a

t sc

rip

leve

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Fo

r th

e y

ear

en

ded

31

Marc

h, 2014

Fu

nd

Nam

e : E

qu

ity

Fu

nd

SF

IN C

od

e : U

LIF

00116/0

6/0

8E

QU

ITY

FU

ND

136

Secu

rity

C

ate

go

ryIn

vest

men

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mo

un

tP

erc

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tage o

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un

dS

.No

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du

stry

Sect

or

Inve

stm

en

t

IC

ICI B

ank

Ltd

Equi

ty

96

2,3

81

7

.65

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H

DFC

Ban

k Lt

d Eq

uity

8

74

,12

0

6.9

5%

H

ous

ing

Dev

elo

pmen

t Fin

ance

Co

rpo

ratio

n Lt

d Eq

uity

4

72

,09

6

3.7

5%

In

dusI

nd B

ank

Ltd

Equi

ty

24

4,0

83

1

.94

%

K

ota

k M

ahin

dra

Ban

k Lt

d Eq

uity

2

42

,08

2

1.9

3%

1

Fi

nanc

ial a

nd in

sura

nce

activ

ities

Y

ES B

ank

Ltd

Equi

ty

22

1,9

93

1

.77

%

R

ural

Ele

ctri

ficat

ion

Co

rp L

td

Equi

ty

12

2,4

30

0

.97

%

A

xis B

ank

Equi

ty

10

4,6

35

0

.83

%

ID

FC L

td

Equi

ty

89

,21

5

0.7

1%

D

WS

Inst

a C

ash

Plu

s Fun

d - D

irec

t Pla

n - G

row

th

Deb

t 4

8,9

22

0

.39

%

R

elia

nce

Liqu

id F

und

- Tre

asur

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n - D

irec

t Pla

n - G

row

th

Deb

t 2

4,4

65

0

.19

%

To

tal

3

,406,4

22

27.0

9%

In

fosy

s Ltd

Eq

uity

9

82

,30

6

7.8

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2

C

om

pute

r pro

gram

min

g, c

ons

ulta

ncy

Tata

Co

nsul

tanc

y Se

rvic

es L

td

Equi

ty

47

8,4

91

3

.81

%

and

rela

ted

activ

ities

H

CL

Tech

nolo

gies

Ltd

Eq

uity

3

11

,51

3

2.4

8%

Te

ch M

ahin

dra

Ltd

Equi

ty

28

3,2

06

2

.25

%

W

ipro

Ltd

Eq

uity

8

2,5

03

0

.66

%

To

tal

2

,138,0

19

17.0

0%

3

O

ther

s To

tal

7

,029,9

46

55.9

1%

G

ran

d T

ota

l

12,5

74,3

87

100.0

0%

(` '

000)

Secu

rity

C

ate

go

ryIn

vest

men

t A

mo

un

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tage o

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dS

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du

stry

Sect

or

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stm

en

t

IC

ICI B

ank

Ltd

Equi

ty

17

7,3

40

6

.82

%

H

DFC

Ban

k Lt

d Eq

uity

1

63

,09

3

6.2

7%

H

ous

ing

Dev

elo

pmen

t Fin

ance

Co

rpo

ratio

n Lt

d Eq

uity

1

13

,87

4

4.3

8%

In

dusI

nd B

ank

Ltd

Equi

ty

52

,54

9

2.0

2%

K

ota

k M

ahin

dra

Ban

k Lt

d Eq

uity

4

9,2

88

1

.89

%

9

.27

% P

ow

er F

inan

ce C

orp

. Ltd

. NC

D (M

D 2

1/0

8/2

01

7)

Deb

t 2

4,8

91

0

.96

%

9

.28

% R

ural

Ele

ctri

ficat

ion

Co

rpo

ratio

n Lt

d (M

D 1

5/0

2/2

01

7)

Deb

t 1

9,9

38

0

.77

%

9

.18

% P

ow

er F

in C

orp

. Ltd

. NC

D (M

D 1

5/0

4/2

02

1)

Deb

t 1

9,5

61

0

.75

%

A

xis B

ank

Equi

ty

17

,07

5

0.6

6%

ID

FC L

td

Equi

ty

15

,23

7

0.5

9%

9

.75

% R

ural

Ele

ctri

ficat

ion

Co

rp. L

td. (

MD

11

-11

-20

21

) D

ebt

15

,08

6

0.5

8%

9

.63

% P

ow

er F

inan

ce C

orp

ora

tion

(MD

15

-12

-20

14

) D

ebt

10

,01

5

0.3

8%

9

.38

% R

ural

Ele

ctri

ficat

ion

Co

rpo

ratio

n Lt

d (M

D 0

6-S

ep-2

01

6)

Deb

t 9

,98

6

0.3

8%

1

Fi

nanc

ial a

nd in

sura

nce

activ

ities

9

.25

% R

ural

Ele

ctri

ficat

ion

Co

rpo

ratio

n Lt

d (M

D 2

7/0

8/2

01

7)

Deb

t 9

,95

1

0.3

8%

9

.00

% P

ow

er F

in C

orp

. Ltd

. NC

D (M

D 1

1/0

3/2

02

8)

Deb

t 9

,55

4

0.3

7%

Ex

port

Impo

rt B

ank

of I

ndia

FR

N A

nnua

l Res

et 5

y IN

CM

TB

MK

+1

00

bps(

MD

09

/08

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) D

ebt

6,0

00

0

.23

%

9

.65

% H

ous

ing

Dev

elo

pmen

t Fin

ance

Co

rp N

CD

(MD

16

-08

-20

14

) D

ebt

5,9

89

0

.23

%

8

.68

% N

atio

nal C

ap R

eg P

lan

NC

D (M

D 4

/8/2

0) P

/C 4

/8/1

7

Deb

t 5

,87

7

0.2

3%

9

.18

% T

ata

Sons

Ltd

. NC

D (M

D 2

3/1

1/2

02

0 )

Deb

t 5

,86

9

0.2

3%

9

.02

% R

ural

Ele

ctri

ficat

ion

Co

rpo

ratio

n Lt

d (M

D 1

9-N

ov-

20

22

) D

ebt

4,8

24

0

.19

%

9

.61

% P

ow

er F

in C

orp

. Ltd

. NC

D (M

D 2

9/0

6/2

1)

Deb

t 1

,99

7

0.0

8%

9

.36

% P

ow

er F

in C

orp

. Ltd

. NC

D (M

D 0

1/0

8/2

1)

Deb

t 1

,97

2

0.0

8%

8

.7%

Po

wer

Fin

Co

rp. L

td. N

CD

(MD

14

/5/2

02

0)

Deb

t 1

,91

7

0.0

7%

8

.70

% P

ow

er F

inan

ce C

orp

Ltd

(MD

14

-05

-20

15

) D

ebt

99

3

0.0

4%

B

irla

Sun

Life

Cas

h Plu

s - G

row

th -

Dir

ect P

lan

Deb

t 5

80

0

.02

%

R

elia

nce

Liqu

id F

und

- Tre

asur

y Pla

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irec

t Pla

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row

th

Deb

t 5

80

0

.02

%

D

WS

Inst

a C

ash

Plu

s Fun

d - D

irec

t Pla

n - G

row

th

Deb

t 5

80

0

.02

%

To

tal

7

44,6

16

28.6

2%

In

fosy

s Ltd

Eq

uity

1

83

,06

2

7.0

4%

2

C

om

pute

r pro

gram

min

g, c

ons

ulta

ncy

Tata

Co

nsul

tanc

y Se

rvic

es L

td

Equi

ty

97

,22

9

3.7

4%

and

rela

ted

activ

ities

H

CL

Tech

nolo

gies

Ltd

Eq

uity

9

4,0

77

3

.62

%

W

ipro

Ltd

Eq

uity

7

,80

9

0.3

0%

To

tal

382,1

77

14.6

9%

3

O

ther

s To

tal

1

,474,7

65

56.6

9%

G

ran

d T

ota

l

2,6

01,5

58

100.0

0%

An

nexu

re 6

Can

ara

HS

BC

Ori

en

tal B

an

k o

f C

om

merc

e L

ife I

nsu

ran

ce C

om

pan

y Ltd

.st

An

nexu

res

to S

ched

ule

16 f

or

the y

ear

en

ded

31

Marc

h, 2014

Un

it-L

ink

ed

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clo

sure

s -

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er

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clo

sure

s

(J)

Ind

ust

ry w

ise d

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vest

men

ts w

ith

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osu

re o

f 10%

an

d a

bo

ve s

egre

gate

d a

t sc

rip

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lst

Fo

r th

e y

ear

en

ded

31

Marc

h, 2014

Fu

nd

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e : G

row

th F

un

dS

FIN

Co

de : U

LIF

00216/0

6/0

8G

RO

WT

HF

UN

D136

FinancialsFinancials

122 123

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

(` '

000)

Can

ara

HS

BC

Ori

en

tal B

an

k o

f C

om

merc

e L

ife I

nsu

ran

ce C

om

pan

y Ltd

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An

nexu

res

to S

ched

ule

16 f

or

the y

ear

en

ded

31

Marc

h, 2014

An

nexu

re 6

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clo

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ts w

ith

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osu

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an

d a

bo

ve s

egre

gate

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t sc

rip

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Fo

r th

e y

ear

en

ded

31

Marc

h, 2014

Fu

nd

Nam

e : E

qu

ity

Fu

nd

SF

IN C

od

e : U

LIF

00116/0

6/0

8E

QU

ITY

FU

ND

136

Secu

rity

C

ate

go

ryIn

vest

men

t A

mo

un

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en

tage o

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du

stry

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or

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stm

en

t

IC

ICI B

ank

Ltd

Equi

ty

96

2,3

81

7

.65

%

H

DFC

Ban

k Lt

d Eq

uity

8

74

,12

0

6.9

5%

H

ous

ing

Dev

elo

pmen

t Fin

ance

Co

rpo

ratio

n Lt

d Eq

uity

4

72

,09

6

3.7

5%

In

dusI

nd B

ank

Ltd

Equi

ty

24

4,0

83

1

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%

K

ota

k M

ahin

dra

Ban

k Lt

d Eq

uity

2

42

,08

2

1.9

3%

1

Fi

nanc

ial a

nd in

sura

nce

activ

ities

Y

ES B

ank

Ltd

Equi

ty

22

1,9

93

1

.77

%

R

ural

Ele

ctri

ficat

ion

Co

rp L

td

Equi

ty

12

2,4

30

0

.97

%

A

xis B

ank

Equi

ty

10

4,6

35

0

.83

%

ID

FC L

td

Equi

ty

89

,21

5

0.7

1%

D

WS

Inst

a C

ash

Plu

s Fun

d - D

irec

t Pla

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row

th

Deb

t 4

8,9

22

0

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%

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elia

nce

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id F

und

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irec

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row

th

Deb

t 2

4,4

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0

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tal

3

,406,4

22

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In

fosy

s Ltd

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uity

9

82

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6

7.8

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2

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om

pute

r pro

gram

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g, c

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ulta

ncy

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nsul

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rvic

es L

td

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ty

47

8,4

91

3

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%

and

rela

ted

activ

ities

H

CL

Tech

nolo

gies

Ltd

Eq

uity

3

11

,51

3

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Te

ch M

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ty

28

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2,5

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2

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19

17.0

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3

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ther

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7

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55.9

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ran

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87

100.0

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rity

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ate

go

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t

IC

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ty

17

7,3

40

6

.82

%

H

DFC

Ban

k Lt

d Eq

uity

1

63

,09

3

6.2

7%

H

ous

ing

Dev

elo

pmen

t Fin

ance

Co

rpo

ratio

n Lt

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uity

1

13

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4

4.3

8%

In

dusI

nd B

ank

Ltd

Equi

ty

52

,54

9

2.0

2%

K

ota

k M

ahin

dra

Ban

k Lt

d Eq

uity

4

9,2

88

1

.89

%

9

.27

% P

ow

er F

inan

ce C

orp

. Ltd

. NC

D (M

D 2

1/0

8/2

01

7)

Deb

t 2

4,8

91

0

.96

%

9

.28

% R

ural

Ele

ctri

ficat

ion

Co

rpo

ratio

n Lt

d (M

D 1

5/0

2/2

01

7)

Deb

t 1

9,9

38

0

.77

%

9

.18

% P

ow

er F

in C

orp

. Ltd

. NC

D (M

D 1

5/0

4/2

02

1)

Deb

t 1

9,5

61

0

.75

%

A

xis B

ank

Equi

ty

17

,07

5

0.6

6%

ID

FC L

td

Equi

ty

15

,23

7

0.5

9%

9

.75

% R

ural

Ele

ctri

ficat

ion

Co

rp. L

td. (

MD

11

-11

-20

21

) D

ebt

15

,08

6

0.5

8%

9

.63

% P

ow

er F

inan

ce C

orp

ora

tion

(MD

15

-12

-20

14

) D

ebt

10

,01

5

0.3

8%

9

.38

% R

ural

Ele

ctri

ficat

ion

Co

rpo

ratio

n Lt

d (M

D 0

6-S

ep-2

01

6)

Deb

t 9

,98

6

0.3

8%

1

Fi

nanc

ial a

nd in

sura

nce

activ

ities

9

.25

% R

ural

Ele

ctri

ficat

ion

Co

rpo

ratio

n Lt

d (M

D 2

7/0

8/2

01

7)

Deb

t 9

,95

1

0.3

8%

9

.00

% P

ow

er F

in C

orp

. Ltd

. NC

D (M

D 1

1/0

3/2

02

8)

Deb

t 9

,55

4

0.3

7%

Ex

port

Impo

rt B

ank

of I

ndia

FR

N A

nnua

l Res

et 5

y IN

CM

TB

MK

+1

00

bps(

MD

09

/08

/16

) D

ebt

6,0

00

0

.23

%

9

.65

% H

ous

ing

Dev

elo

pmen

t Fin

ance

Co

rp N

CD

(MD

16

-08

-20

14

) D

ebt

5,9

89

0

.23

%

8

.68

% N

atio

nal C

ap R

eg P

lan

NC

D (M

D 4

/8/2

0) P

/C 4

/8/1

7

Deb

t 5

,87

7

0.2

3%

9

.18

% T

ata

Sons

Ltd

. NC

D (M

D 2

3/1

1/2

02

0 )

Deb

t 5

,86

9

0.2

3%

9

.02

% R

ural

Ele

ctri

ficat

ion

Co

rpo

ratio

n Lt

d (M

D 1

9-N

ov-

20

22

) D

ebt

4,8

24

0

.19

%

9

.61

% P

ow

er F

in C

orp

. Ltd

. NC

D (M

D 2

9/0

6/2

1)

Deb

t 1

,99

7

0.0

8%

9

.36

% P

ow

er F

in C

orp

. Ltd

. NC

D (M

D 0

1/0

8/2

1)

Deb

t 1

,97

2

0.0

8%

8

.7%

Po

wer

Fin

Co

rp. L

td. N

CD

(MD

14

/5/2

02

0)

Deb

t 1

,91

7

0.0

7%

8

.70

% P

ow

er F

inan

ce C

orp

Ltd

(MD

14

-05

-20

15

) D

ebt

99

3

0.0

4%

B

irla

Sun

Life

Cas

h Plu

s - G

row

th -

Dir

ect P

lan

Deb

t 5

80

0

.02

%

R

elia

nce

Liqu

id F

und

- Tre

asur

y Pla

n - D

irec

t Pla

n - G

row

th

Deb

t 5

80

0

.02

%

D

WS

Inst

a C

ash

Plu

s Fun

d - D

irec

t Pla

n - G

row

th

Deb

t 5

80

0

.02

%

To

tal

7

44,6

16

28.6

2%

In

fosy

s Ltd

Eq

uity

1

83

,06

2

7.0

4%

2

C

om

pute

r pro

gram

min

g, c

ons

ulta

ncy

Tata

Co

nsul

tanc

y Se

rvic

es L

td

Equi

ty

97

,22

9

3.7

4%

and

rela

ted

activ

ities

H

CL

Tech

nolo

gies

Ltd

Eq

uity

9

4,0

77

3

.62

%

W

ipro

Ltd

Eq

uity

7

,80

9

0.3

0%

To

tal

382,1

77

14.6

9%

3

O

ther

s To

tal

1

,474,7

65

56.6

9%

G

ran

d T

ota

l

2,6

01,5

58

100.0

0%

An

nexu

re 6

Can

ara

HS

BC

Ori

en

tal B

an

k o

f C

om

merc

e L

ife I

nsu

ran

ce C

om

pan

y Ltd

.st

An

nexu

res

to S

ched

ule

16 f

or

the y

ear

en

ded

31

Marc

h, 2014

Un

it-L

ink

ed

Dis

clo

sure

s -

Oth

er

Dis

clo

sure

s

(J)

Ind

ust

ry w

ise d

iscl

osu

re o

f In

vest

men

ts w

ith

Exp

osu

re o

f 10%

an

d a

bo

ve s

egre

gate

d a

t sc

rip

leve

lst

Fo

r th

e y

ear

en

ded

31

Marc

h, 2014

Fu

nd

Nam

e : G

row

th F

un

dS

FIN

Co

de : U

LIF

00216/0

6/0

8G

RO

WT

HF

UN

D136

FinancialsFinancials

122 123

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

(` '

000)

Secu

rity

C

ate

go

ryIn

vest

men

t A

mo

un

tP

erc

en

tage o

f F

un

dS

.No

.In

du

stry

Sect

or

Inve

stm

en

t

An

nexu

re 6

Can

ara

HS

BC

Ori

en

tal B

an

k o

f C

om

merc

e L

ife I

nsu

ran

ce C

om

pan

y Ltd

.st

An

nexu

res

to S

ched

ule

16 f

or

the y

ear

en

ded

31

Marc

h, 2014

Un

it-L

ink

ed

Dis

clo

sure

s -

Oth

er

Dis

clo

sure

s

(J)

Ind

ust

ry w

ise d

iscl

osu

re o

f In

vest

men

ts w

ith

Exp

osu

re o

f 10%

an

d a

bo

ve s

egre

gate

d a

t sc

rip

leve

lst

Fo

r th

e y

ear

en

ded

31

Marc

h, 2014

Fu

nd

Nam

e : L

iqu

id F

un

dS

FIN

Co

de : U

LIF

00514/0

7/0

8LIQ

UID

FU

ND

136

R

elia

nce

Cap

ital L

td. C

P (M

D 1

6/0

1/2

01

5)

Deb

t 4

6,3

56

5

.64

%

9

.25

% In

dusi

nd B

ank

FD (M

D 2

5/0

2/2

01

6) Q

tly C

mpd

g.

Deb

t 3

5,0

00

4

.26

%

9

.25

% K

OTA

K M

AH

IND

RA

BA

NK

FD

(MD

29

-04

-20

14

) Qtr

ly C

mpd

g D

ebt

30

,00

0

3.6

5%

9

.25

% U

CO

Ban

k FD

(19

-11

-20

14

) Qtr

ly C

mpd

g D

ebt

25

,00

0

3.0

4%

9

.75

% C

orp

ora

tion

Ban

k FD

(MD

20

-03

-20

15

) Qrt

ly C

mpd

g.

Deb

t 2

5,0

00

3

.04

%

9

.10

% U

CO

BA

NK

FD

(MD

09

-04

-20

15

) Qtr

ly C

mpd

g D

ebt

25

,00

0

3.0

4%

9

.31

% ID

BI B

ank

FD (M

D 0

4-1

1-2

01

4) Q

trly

Cm

pdg

Deb

t 2

0,0

00

2

.43

%

9

.1%

Alla

haba

d B

ank

FD

(MD

- 1

2/1

1/2

01

4) Q

trly

Cm

pdg

Deb

t 2

0,0

00

2

.43

%

9

.40

% A

ndhr

a B

ank

FD (M

D 1

0-0

7-2

01

4) Q

trly

Cm

pdg

Deb

t 2

0,0

00

2

.43

%

9

.25

% H

DFC

Ban

k FD

(MD

16

-09

-20

15

) Qtr

ly C

mpd

g D

ebt

20

,00

0

2.4

3%

IL

& F

S Lt

d C

P (M

D 1

2-0

8-2

01

4)

Deb

t 1

9,3

05

2

.35

%

9

.75

% C

orp

ora

tion

Ban

k FD

(MD

03

-03

-20

15

) Qrt

ly C

mpd

g.

Deb

t 1

5,0

00

1

.83

%

9

.5%

Alla

haba

d B

ank

FD (M

D 0

9-0

6-2

01

4) Q

trly

Cm

pdg

Deb

t 1

5,0

00

1

.83

%

D

WS

Inst

a C

ash

Plu

s Fun

d - D

irec

t Pla

n - G

row

th

Deb

t 1

2,9

06

1

.57

%

9

.5%

And

hra

Ban

k FD

(MD

24

-08

-20

15

) Qtr

ly C

mpd

g D

ebt

12

,50

0

1.5

2%

1

Fi

nanc

ial a

nd in

sura

nce

activ

ities

9

% O

BC

Ban

k FD

(MD

10

/12

/20

14

) Qtr

ly C

mpd

g D

ebt

12

,00

0

1.4

6%

9

.85

% ID

BI B

ank

FD (M

D 1

5-0

4-2

01

5) Q

trly

Cm

pdg

Deb

t 1

2,0

00

1

.46

%

9

.25

% K

ota

k M

ahin

dra

Ban

k Lt

d F

D (M

D -

27

/01

/20

15

) Qtr

ly C

mpd

g D

ebt

10

,10

0

1.2

3%

9

.45

% K

OTA

K M

AH

IND

RA

BA

NK

FD

(MD

29

-05

-20

15

) Qtr

ly C

mpd

g D

ebt

10

,10

0

1.2

3%

9

.30

% A

llaha

bad

Ban

k FD

(MD

12

-08

-20

14

) Qtr

ly C

mpd

g.

Deb

t 1

0,1

00

1

.23

%

9

.25

% In

dusi

nd B

ank

Ltd

FD

(MD

- 0

4/1

2/2

01

4) Q

tly C

mpd

g D

ebt

10

,10

0

1.2

3%

9

.75

% Y

es B

ank

FD (M

D 0

3-0

9-2

01

5) Q

trly

Cm

pdg

Deb

t 1

0,1

00

1

.23

%

9

.15

% Y

es B

ank

FD (M

D 0

4-0

8-2

01

5) Q

trly

Cm

pdg

Deb

t 1

0,1

00

1

.23

%

9

.30

% A

ndhr

a B

ank

FD (M

D 2

7-0

3-2

01

5) Q

trly

Cm

pdg

Deb

t 1

0,1

00

1

.23

%

9

.5%

Yes

Ban

k Lt

d F

D (M

D -

25

/03

/20

15

) Qtr

ly C

mpd

g D

ebt

10

,00

0

1.2

2%

9

.25

% P

unja

b an

d Si

nd B

ank

FD (M

D 1

2/0

2/2

01

5) Q

trly

Cm

pdg

Deb

t 1

0,0

00

1

.22

%

9

.75

% K

OTA

K M

AH

IND

RA

BA

NK

FD

(MD

02

-09

-20

14

) Qtr

ly C

mpd

g D

ebt

10

,00

0

1.2

2%

1

0.1

0%

Yes

Ban

k FD

(MD

22

-01

-20

15

) Qtr

ly C

mpd

g.

Deb

t 1

0,0

00

1

.22

%

9

.50

% C

orp

ora

tion

Ban

k FD

(MD

26

-08

-20

14

) Qrt

ly C

mpd

g.

Deb

t 1

0,0

00

1

.22

%

9

.5%

Alla

haba

d B

ank

FD (M

D 1

0-0

6-2

01

4) Q

trly

Cm

pdg

Deb

t 1

0,0

00

1

.22

%

9

.25

% C

orp

ora

tion

Ban

k F

D (M

D -

20

/10

/20

14

) Qtr

ly C

mpd

g D

ebt

10

,00

0

1.2

2%

9

.25

% H

DFC

Ban

k FD

(MD

09

-09

-20

15

) Qtr

ly C

mpd

g D

ebt

10

,00

0

1.2

2%

9

.25

% H

DFC

Ban

k FD

(MD

23

-09

-20

15

) Qtr

ly C

mpd

g D

ebt

10

,00

0

1.2

2%

9

.25

% P

unja

b an

d Si

nd B

ank

FD (M

D1

8/0

9/2

01

4) Q

trly

Co

mpo

undi

ng

Deb

t 9

,90

0

1.2

0%

9

.25

% K

OTA

K M

AH

IND

RA

BA

NK

FD

(MD

03

-03

-20

15

) Qtr

ly C

mpd

g D

ebt

9,9

00

1

.20

%

9

.10

% C

orp

ora

tion

Ban

k FD

(MD

19

-12

-20

14

) Qrt

ly C

mpd

g D

ebt

9,9

00

1

.20

%

9

.25

% Y

es B

ank

FD (M

D 0

5-0

9-2

01

4) Q

trly

Cm

pdg.

D

ebt

9,9

00

1

.20

%

9

% S

tate

Ban

k o

f Pat

iala

FD

(MD

10

/05

/20

14

) Qtly

Cm

pdg

Deb

t 9

,90

0

1.2

0%

9

% U

nio

n B

ank

of I

ndia

FD

(MD

10

-06

-20

15

) Qtr

ly C

mpd

g D

ebt

9,9

00

1

.20

%

9

.25

% P

unja

b an

d Si

nd B

ank

FD (M

D2

7/0

9/2

01

4) Q

trly

Cm

pdg.

D

ebt

9,9

00

1

.20

%

9

.25

% P

unja

b an

d Si

nd B

ank

FD (M

D2

5/0

5/2

01

4) Q

trly

Co

mpo

undi

ng

Deb

t 9

,90

0

1.2

0%

9

.25

% Y

es B

ank

FD (M

D 0

4-0

8-2

01

4) Q

trly

Cm

pdg.

D

ebt

9,9

00

1

.20

%

9

.25

% Y

es B

ank

FD (M

D 2

1-0

4-2

01

4) Q

trly

Cm

pdg

Deb

t 9

,90

0

1.2

0%

9

.25

% In

dusi

nd B

ank

FD (M

D 2

8/0

7/2

01

6) Q

tly C

mpd

g D

ebt

9,5

00

1

.16

%

9

.40

% ID

BI B

ank

FD (M

D 0

7-0

3-2

01

5) Q

trly

Cm

pdg

Deb

t 9

,50

0

1.1

6%

9

.25

% ID

BI B

ank

FD (M

D 1

8-0

9-2

01

4) Q

trly

Cm

pdg

Deb

t 9

,50

0

1.1

6%

9

.40

% ID

BI B

ank

FD (M

D 1

4-0

5-2

01

5) Q

trly

Cm

pdg

Deb

t 9

,50

0

1.1

6%

9

.40

% ID

BI B

ank

FD (M

D 0

6-0

3-2

01

5) Q

trly

Cm

pdg

Deb

t 9

,50

0

1.1

6%

9

% S

tate

Ban

k o

f Pat

iala

FD

(MD

18

/05

/20

14

) Qtly

Cm

pdg

Deb

t 9

,00

0

1.1

0%

9

.25

% In

dusi

nd B

ank

FD (M

D 2

5/0

9/2

01

4) Q

tly C

mpd

g.

Deb

t 7

,50

0

0.9

1%

B

irla

Sun

Life

Cas

h Plu

s - G

row

th -

Dir

ect P

lan

Deb

t 6

,90

5

0.8

4%

R

elia

nce

Liqu

id F

und

- Tre

asur

y Pla

n - D

irec

t Pla

n - G

row

th

Deb

t 6

,90

4

0.8

4%

9

.25

% Y

es B

ank

FD (M

D 1

2-0

9-2

01

4) Q

trly

Cm

pdg.

D

ebt

5,0

00

0

.61

%

9

.25

% P

unja

b an

d Si

nd B

ank

FD (M

D2

8/0

9/2

01

4) Q

trly

Co

mpo

undi

ng

Deb

t 5

,00

0

0.6

1%

9

% K

OTA

K M

AH

IND

RA

BA

NK

FD

(MD

08

-05

-20

15

) Qtr

ly C

mpd

g D

ebt

5,0

00

0

.61

%

9

% C

orp

ora

tion

Ban

k FD

(15

-05

-20

15

) Qrt

ly C

mpd

g D

ebt

5,0

00

0

.61

%

9

% ID

BI B

ank

FD (M

D 1

4-0

5-2

01

5) Q

trly

Cm

pdg

Deb

t 5

,00

0

0.6

1%

9

.25

% In

dusi

nd B

ank

Ltd

FD

(MD

- 1

7/1

2/2

01

4) Q

trly

Cm

pdg

Deb

t 2

,50

0

0.3

0%

To

tal

7

30,0

76

88.8

4%

2

O

ther

s To

tal

9

1,6

84

11.1

6%

G

ran

d T

ota

l

821,7

60

100.0

0%

FinancialsFinancials

125124

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

(` '

000)

Secu

rity

C

ate

go

ryIn

vest

men

t A

mo

un

tP

erc

en

tage o

f F

un

dS

.No

.In

du

stry

Sect

or

Inve

stm

en

t

An

nexu

re 6

Can

ara

HS

BC

Ori

en

tal B

an

k o

f C

om

merc

e L

ife I

nsu

ran

ce C

om

pan

y Ltd

.st

An

nexu

res

to S

ched

ule

16 f

or

the y

ear

en

ded

31

Marc

h, 2014

Un

it-L

ink

ed

Dis

clo

sure

s -

Oth

er

Dis

clo

sure

s

(J)

Ind

ust

ry w

ise d

iscl

osu

re o

f In

vest

men

ts w

ith

Exp

osu

re o

f 10%

an

d a

bo

ve s

egre

gate

d a

t sc

rip

leve

lst

Fo

r th

e y

ear

en

ded

31

Marc

h, 2014

Fu

nd

Nam

e : L

iqu

id F

un

dS

FIN

Co

de : U

LIF

00514/0

7/0

8LIQ

UID

FU

ND

136

R

elia

nce

Cap

ital L

td. C

P (M

D 1

6/0

1/2

01

5)

Deb

t 4

6,3

56

5

.64

%

9

.25

% In

dusi

nd B

ank

FD (M

D 2

5/0

2/2

01

6) Q

tly C

mpd

g.

Deb

t 3

5,0

00

4

.26

%

9

.25

% K

OTA

K M

AH

IND

RA

BA

NK

FD

(MD

29

-04

-20

14

) Qtr

ly C

mpd

g D

ebt

30

,00

0

3.6

5%

9

.25

% U

CO

Ban

k FD

(19

-11

-20

14

) Qtr

ly C

mpd

g D

ebt

25

,00

0

3.0

4%

9

.75

% C

orp

ora

tion

Ban

k FD

(MD

20

-03

-20

15

) Qrt

ly C

mpd

g.

Deb

t 2

5,0

00

3

.04

%

9

.10

% U

CO

BA

NK

FD

(MD

09

-04

-20

15

) Qtr

ly C

mpd

g D

ebt

25

,00

0

3.0

4%

9

.31

% ID

BI B

ank

FD (M

D 0

4-1

1-2

01

4) Q

trly

Cm

pdg

Deb

t 2

0,0

00

2

.43

%

9

.1%

Alla

haba

d B

ank

FD

(MD

- 1

2/1

1/2

01

4) Q

trly

Cm

pdg

Deb

t 2

0,0

00

2

.43

%

9

.40

% A

ndhr

a B

ank

FD (M

D 1

0-0

7-2

01

4) Q

trly

Cm

pdg

Deb

t 2

0,0

00

2

.43

%

9

.25

% H

DFC

Ban

k FD

(MD

16

-09

-20

15

) Qtr

ly C

mpd

g D

ebt

20

,00

0

2.4

3%

IL

& F

S Lt

d C

P (M

D 1

2-0

8-2

01

4)

Deb

t 1

9,3

05

2

.35

%

9

.75

% C

orp

ora

tion

Ban

k FD

(MD

03

-03

-20

15

) Qrt

ly C

mpd

g.

Deb

t 1

5,0

00

1

.83

%

9

.5%

Alla

haba

d B

ank

FD (M

D 0

9-0

6-2

01

4) Q

trly

Cm

pdg

Deb

t 1

5,0

00

1

.83

%

D

WS

Inst

a C

ash

Plu

s Fun

d - D

irec

t Pla

n - G

row

th

Deb

t 1

2,9

06

1

.57

%

9

.5%

And

hra

Ban

k FD

(MD

24

-08

-20

15

) Qtr

ly C

mpd

g D

ebt

12

,50

0

1.5

2%

1

Fi

nanc

ial a

nd in

sura

nce

activ

ities

9

% O

BC

Ban

k FD

(MD

10

/12

/20

14

) Qtr

ly C

mpd

g D

ebt

12

,00

0

1.4

6%

9

.85

% ID

BI B

ank

FD (M

D 1

5-0

4-2

01

5) Q

trly

Cm

pdg

Deb

t 1

2,0

00

1

.46

%

9

.25

% K

ota

k M

ahin

dra

Ban

k Lt

d F

D (M

D -

27

/01

/20

15

) Qtr

ly C

mpd

g D

ebt

10

,10

0

1.2

3%

9

.45

% K

OTA

K M

AH

IND

RA

BA

NK

FD

(MD

29

-05

-20

15

) Qtr

ly C

mpd

g D

ebt

10

,10

0

1.2

3%

9

.30

% A

llaha

bad

Ban

k FD

(MD

12

-08

-20

14

) Qtr

ly C

mpd

g.

Deb

t 1

0,1

00

1

.23

%

9

.25

% In

dusi

nd B

ank

Ltd

FD

(MD

- 0

4/1

2/2

01

4) Q

tly C

mpd

g D

ebt

10

,10

0

1.2

3%

9

.75

% Y

es B

ank

FD (M

D 0

3-0

9-2

01

5) Q

trly

Cm

pdg

Deb

t 1

0,1

00

1

.23

%

9

.15

% Y

es B

ank

FD (M

D 0

4-0

8-2

01

5) Q

trly

Cm

pdg

Deb

t 1

0,1

00

1

.23

%

9

.30

% A

ndhr

a B

ank

FD (M

D 2

7-0

3-2

01

5) Q

trly

Cm

pdg

Deb

t 1

0,1

00

1

.23

%

9

.5%

Yes

Ban

k Lt

d F

D (M

D -

25

/03

/20

15

) Qtr

ly C

mpd

g D

ebt

10

,00

0

1.2

2%

9

.25

% P

unja

b an

d Si

nd B

ank

FD (M

D 1

2/0

2/2

01

5) Q

trly

Cm

pdg

Deb

t 1

0,0

00

1

.22

%

9

.75

% K

OTA

K M

AH

IND

RA

BA

NK

FD

(MD

02

-09

-20

14

) Qtr

ly C

mpd

g D

ebt

10

,00

0

1.2

2%

1

0.1

0%

Yes

Ban

k FD

(MD

22

-01

-20

15

) Qtr

ly C

mpd

g.

Deb

t 1

0,0

00

1

.22

%

9

.50

% C

orp

ora

tion

Ban

k FD

(MD

26

-08

-20

14

) Qrt

ly C

mpd

g.

Deb

t 1

0,0

00

1

.22

%

9

.5%

Alla

haba

d B

ank

FD (M

D 1

0-0

6-2

01

4) Q

trly

Cm

pdg

Deb

t 1

0,0

00

1

.22

%

9

.25

% C

orp

ora

tion

Ban

k F

D (M

D -

20

/10

/20

14

) Qtr

ly C

mpd

g D

ebt

10

,00

0

1.2

2%

9

.25

% H

DFC

Ban

k FD

(MD

09

-09

-20

15

) Qtr

ly C

mpd

g D

ebt

10

,00

0

1.2

2%

9

.25

% H

DFC

Ban

k FD

(MD

23

-09

-20

15

) Qtr

ly C

mpd

g D

ebt

10

,00

0

1.2

2%

9

.25

% P

unja

b an

d Si

nd B

ank

FD (M

D1

8/0

9/2

01

4) Q

trly

Co

mpo

undi

ng

Deb

t 9

,90

0

1.2

0%

9

.25

% K

OTA

K M

AH

IND

RA

BA

NK

FD

(MD

03

-03

-20

15

) Qtr

ly C

mpd

g D

ebt

9,9

00

1

.20

%

9

.10

% C

orp

ora

tion

Ban

k FD

(MD

19

-12

-20

14

) Qrt

ly C

mpd

g D

ebt

9,9

00

1

.20

%

9

.25

% Y

es B

ank

FD (M

D 0

5-0

9-2

01

4) Q

trly

Cm

pdg.

D

ebt

9,9

00

1

.20

%

9

% S

tate

Ban

k o

f Pat

iala

FD

(MD

10

/05

/20

14

) Qtly

Cm

pdg

Deb

t 9

,90

0

1.2

0%

9

% U

nio

n B

ank

of I

ndia

FD

(MD

10

-06

-20

15

) Qtr

ly C

mpd

g D

ebt

9,9

00

1

.20

%

9

.25

% P

unja

b an

d Si

nd B

ank

FD (M

D2

7/0

9/2

01

4) Q

trly

Cm

pdg.

D

ebt

9,9

00

1

.20

%

9

.25

% P

unja

b an

d Si

nd B

ank

FD (M

D2

5/0

5/2

01

4) Q

trly

Co

mpo

undi

ng

Deb

t 9

,90

0

1.2

0%

9

.25

% Y

es B

ank

FD (M

D 0

4-0

8-2

01

4) Q

trly

Cm

pdg.

D

ebt

9,9

00

1

.20

%

9

.25

% Y

es B

ank

FD (M

D 2

1-0

4-2

01

4) Q

trly

Cm

pdg

Deb

t 9

,90

0

1.2

0%

9

.25

% In

dusi

nd B

ank

FD (M

D 2

8/0

7/2

01

6) Q

tly C

mpd

g D

ebt

9,5

00

1

.16

%

9

.40

% ID

BI B

ank

FD (M

D 0

7-0

3-2

01

5) Q

trly

Cm

pdg

Deb

t 9

,50

0

1.1

6%

9

.25

% ID

BI B

ank

FD (M

D 1

8-0

9-2

01

4) Q

trly

Cm

pdg

Deb

t 9

,50

0

1.1

6%

9

.40

% ID

BI B

ank

FD (M

D 1

4-0

5-2

01

5) Q

trly

Cm

pdg

Deb

t 9

,50

0

1.1

6%

9

.40

% ID

BI B

ank

FD (M

D 0

6-0

3-2

01

5) Q

trly

Cm

pdg

Deb

t 9

,50

0

1.1

6%

9

% S

tate

Ban

k o

f Pat

iala

FD

(MD

18

/05

/20

14

) Qtly

Cm

pdg

Deb

t 9

,00

0

1.1

0%

9

.25

% In

dusi

nd B

ank

FD (M

D 2

5/0

9/2

01

4) Q

tly C

mpd

g.

Deb

t 7

,50

0

0.9

1%

B

irla

Sun

Life

Cas

h Plu

s - G

row

th -

Dir

ect P

lan

Deb

t 6

,90

5

0.8

4%

R

elia

nce

Liqu

id F

und

- Tre

asur

y Pla

n - D

irec

t Pla

n - G

row

th

Deb

t 6

,90

4

0.8

4%

9

.25

% Y

es B

ank

FD (M

D 1

2-0

9-2

01

4) Q

trly

Cm

pdg.

D

ebt

5,0

00

0

.61

%

9

.25

% P

unja

b an

d Si

nd B

ank

FD (M

D2

8/0

9/2

01

4) Q

trly

Co

mpo

undi

ng

Deb

t 5

,00

0

0.6

1%

9

% K

OTA

K M

AH

IND

RA

BA

NK

FD

(MD

08

-05

-20

15

) Qtr

ly C

mpd

g D

ebt

5,0

00

0

.61

%

9

% C

orp

ora

tion

Ban

k FD

(15

-05

-20

15

) Qrt

ly C

mpd

g D

ebt

5,0

00

0

.61

%

9

% ID

BI B

ank

FD (M

D 1

4-0

5-2

01

5) Q

trly

Cm

pdg

Deb

t 5

,00

0

0.6

1%

9

.25

% In

dusi

nd B

ank

Ltd

FD

(MD

- 1

7/1

2/2

01

4) Q

trly

Cm

pdg

Deb

t 2

,50

0

0.3

0%

To

tal

7

30,0

76

88.8

4%

2

O

ther

s To

tal

9

1,6

84

11.1

6%

G

ran

d T

ota

l

821,7

60

100.0

0%

FinancialsFinancials

125124

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

(` '

000)

Can

ara

HS

BC

Ori

en

tal B

an

k o

f C

om

merc

e L

ife I

nsu

ran

ce C

om

pan

y Ltd

.st

An

nexu

res

to S

ched

ule

16 f

or

the y

ear

en

ded

31

Marc

h, 2014

An

nexu

re 6

Un

it-L

ink

ed

Dis

clo

sure

s -

Oth

er

Dis

clo

sure

s

(J)

Ind

ust

ry w

ise d

iscl

osu

re o

f In

vest

men

ts w

ith

Exp

osu

re o

f 10%

an

d a

bo

ve s

egre

gate

d a

t sc

rip

leve

lst

Fo

r th

e y

ear

en

ded

31

Marc

h, 2014

Fu

nd

Nam

e : E

qu

ity-

II F

un

dS

FIN

Co

de : U

LIF

00607/0

1/1

0E

QU

TY

IIF

ND

136

Secu

rity

C

ate

go

ryIn

vest

men

t A

mo

un

tP

erc

en

tage o

f F

un

dS

.No

.In

du

stry

Sect

or

Inve

stm

en

t

IC

ICI B

ank

Ltd

Equi

ty

1,0

19

,68

8

7.4

1%

H

DFC

Ban

k Lt

d Eq

uity

8

98

,61

2

6.5

3%

H

ous

ing

Dev

elo

pmen

t Fin

ance

Co

rpo

ratio

n Lt

d Eq

uity

5

33

,03

7

3.8

8%

K

ota

k M

ahin

dra

Ban

k Lt

d Eq

uity

3

00

,88

5

2.1

9%

In

dusI

nd B

ank

Ltd

Equi

ty

26

0,6

68

1

.90

%

1

Fi

nanc

ial a

nd in

sura

nce

activ

ities

Y

ES B

ank

Ltd

Equi

ty

23

5,5

96

1

.71

%

D

WS

Inst

a C

ash

Plu

s Fun

d - D

irec

t Pla

n - G

row

th

Deb

t 2

08

,59

4

1.5

2%

R

ural

Ele

ctri

ficat

ion

Co

rp L

td

Equi

ty

12

8,5

49

0

.93

%

A

xis B

ank

Equi

ty

10

3,3

45

0

.75

%

ID

FC L

td

Equi

ty

91

,16

5

0.6

6%

H

SBC

Cas

h Fu

nd -

Gro

wth

- D

irec

t D

ebt

80

,02

5

0.5

8%

R

elia

nce

Liqu

id F

und

- Tre

asur

y Pla

n - D

irec

t Pla

n - G

row

th

Deb

t 2

4,2

65

0

.18

%

To

tal

3

,884,4

29

28.2

4%

In

fosy

s Ltd

Eq

uity

1

,04

4,4

00

7

.59

%

2

C

om

pute

r pro

gram

min

g,

Tata

Co

nsul

tanc

y Se

rvic

es L

td

Equi

ty

49

9,1

40

3

.63

%

cons

ulta

ncy

and

rela

ted

activ

ities

H

CL

Tech

nolo

gies

Ltd

Eq

uity

3

49

,02

1

2.5

4%

Te

ch M

ahin

dra

Ltd

Equi

ty

32

9,1

54

2

.39

%

W

ipro

Ltd

Eq

uity

8

5,9

59

0

.62

%

To

tal

2

,307,6

74

16.7

8%

3

O

ther

s To

tal

7

,562,3

81

54.9

8%

G

ran

d T

ota

l

13,7

54,4

84

100.0

0%

(` '

000)

Can

ara

HS

BC

Ori

en

tal B

an

k o

f C

om

merc

e L

ife I

nsu

ran

ce C

om

pan

y Ltd

.st

An

nexu

res

to S

ched

ule

16 f

or

the y

ear

en

ded

31

Marc

h, 2014

An

nexu

re 6

Un

it-L

ink

ed

Dis

clo

sure

s -

Oth

er

Dis

clo

sure

s

(J)

Ind

ust

ry w

ise d

iscl

osu

re o

f In

vest

men

ts w

ith

Exp

osu

re o

f 10%

an

d a

bo

ve s

egre

gate

d a

t sc

rip

leve

lst

Fo

r th

e y

ear

en

ded

31

Marc

h, 2014

Fu

nd

Nam

e : G

row

th-I

I F

un

dS

FIN

Co

de : U

LIF

00707/0

1/1

0G

RO

WT

IIF

ND

136

Secu

rity

C

ate

go

ryIn

vest

men

t A

mo

un

tP

erc

en

tage o

f F

un

dS

.No

.In

du

stry

Sect

or

Inve

stm

en

t

IC

ICI B

ank

Ltd

Equi

ty

11

2,2

35

6

.59

%

H

DFC

Ban

k Lt

d Eq

uity

1

03

,21

8

6.0

6%

H

ous

ing

Dev

elo

pmen

t Fin

ance

Co

rpo

ratio

n Lt

d Eq

uity

7

2,0

69

4

.23

%

In

dusI

nd B

ank

Ltd

Equi

ty

33

,75

0

1.9

8%

K

ota

k M

ahin

dra

Ban

k Lt

d Eq

uity

3

1,1

94

1

.83

%

9

.00

% P

ow

er F

in C

orp

. Ltd

. NC

D (M

D 1

1/0

3/2

02

8)

Deb

t 2

3,8

86

1

.40

%

A

xis B

ank

Equi

ty

15

,24

6

0.8

9%

9

.63

% P

ow

er F

inan

ce C

orp

ora

tion

(MD

15

-12

-20

14

) D

ebt

10

,01

5

0.5

9%

9

.27

% P

ow

er F

inan

ce C

orp

. Ltd

. NC

D (M

D 2

1/0

8/2

01

7)

Deb

t 9

,95

7

0.5

8%

9

.50

% B

ajaj

Fin

ance

Ltd

. N

CD

(MD

11

/01

/20

18

) D

ebt

9,9

01

0

.58

%

ID

FC L

td

Equi

ty

9,6

89

0

.57

%

1

Fi

nanc

ial a

nd in

sura

nce

activ

ities

B

irla

Sun

Life

Cas

h Plu

s - G

row

th -

Dir

ect P

lan

Deb

t 7

,83

5

0.4

6%

R

elia

nce

Liqu

id F

und

- Tre

asur

y Pla

n - D

irec

t Pla

n - G

row

th

Deb

t 7

,83

5

0.4

6%

D

WS

Inst

a C

ash

Plu

s Fun

d - D

irec

t Pla

n - G

row

th

Deb

t 7

,83

4

0.4

6%

9

.28

% R

ural

Ele

ctri

ficat

ion

Co

rpo

ratio

n Lt

d (M

D 1

5/0

2/2

01

7)

Deb

t 4

,98

4

0.2

9%

9

.25

% R

ural

Ele

ctri

ficat

ion

Co

rpo

ratio

n Lt

d (M

D 2

7/0

8/2

01

7)

Deb

t 4

,97

5

0.2

9%

9

.02

% R

ural

Ele

ctri

ficat

ion

Co

rpo

ratio

n Lt

d (M

D 1

9-N

ov-

20

22

) D

ebt

4,8

24

0

.28

%

8

.68

% N

atio

nal C

ap R

eg P

lan

NC

D (M

D 4

/8/2

0) P

/C 4

/8/1

7

Deb

t 2

,93

9

0.1

7%

8

.70

% P

ow

er F

inan

ce C

orp

Ltd

(MD

14

-05

-20

15

) D

ebt

1,9

87

0

.12

%

Ex

port

Impo

rt B

ank

of I

ndia

FR

N A

nnua

l Res

et 5

y IN

CM

TB

MK

+1

00

bps(

MD

09

/08

/16

) D

ebt

1,0

00

0

.06

%

9

.61

% P

ow

er F

in C

orp

. Ltd

. NC

D (M

D 2

9/0

6/2

1)

Deb

t 9

99

0

.06

%

9

.36

% P

ow

er F

in C

orp

. Ltd

. NC

D (M

D 0

1/0

8/2

1)

Deb

t 9

86

0

.06

%

8

.7%

Po

wer

Fin

Co

rp. L

td. N

CD

(MD

14

/5/2

02

0)

Deb

t 9

58

0

.06

%

To

tal

4

78,3

16

28.0

7%

In

fosy

s Ltd

Eq

uity

1

16

,48

0

6.8

4%

2

C

om

pute

r pro

gram

min

g,

Tata

Co

nsul

tanc

y Se

rvic

es L

td

Equi

ty

61

,87

2

3.6

3%

cons

ulta

ncy

and

rela

ted

activ

ities

H

CL

Tech

nolo

gies

Ltd

Eq

uity

6

0,5

93

3

.56

%

W

ipro

Ltd

Eq

uity

5

,01

2

0.2

9%

To

tal

2

43,9

57

14.3

2%

3

O

ther

s To

tal

9

81,8

71

57.6

2%

G

ran

d T

ota

l

1,7

04,1

44

100.0

0%

FinancialsFinancials

127126

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

(` '

000)

Can

ara

HS

BC

Ori

en

tal B

an

k o

f C

om

merc

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ife I

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ran

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pan

y Ltd

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An

nexu

res

to S

ched

ule

16 f

or

the y

ear

en

ded

31

Marc

h, 2014

An

nexu

re 6

Un

it-L

ink

ed

Dis

clo

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Oth

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Dis

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(J)

Ind

ust

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vest

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ith

Exp

osu

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d a

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gate

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t sc

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Fo

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ded

31

Marc

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Fu

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Nam

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ity-

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dS

FIN

Co

de : U

LIF

00607/0

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TY

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136

Secu

rity

C

ate

go

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vest

men

t A

mo

un

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tage o

f F

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dS

.No

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du

stry

Sect

or

Inve

stm

en

t

IC

ICI B

ank

Ltd

Equi

ty

1,0

19

,68

8

7.4

1%

H

DFC

Ban

k Lt

d Eq

uity

8

98

,61

2

6.5

3%

H

ous

ing

Dev

elo

pmen

t Fin

ance

Co

rpo

ratio

n Lt

d Eq

uity

5

33

,03

7

3.8

8%

K

ota

k M

ahin

dra

Ban

k Lt

d Eq

uity

3

00

,88

5

2.1

9%

In

dusI

nd B

ank

Ltd

Equi

ty

26

0,6

68

1

.90

%

1

Fi

nanc

ial a

nd in

sura

nce

activ

ities

Y

ES B

ank

Ltd

Equi

ty

23

5,5

96

1

.71

%

D

WS

Inst

a C

ash

Plu

s Fun

d - D

irec

t Pla

n - G

row

th

Deb

t 2

08

,59

4

1.5

2%

R

ural

Ele

ctri

ficat

ion

Co

rp L

td

Equi

ty

12

8,5

49

0

.93

%

A

xis B

ank

Equi

ty

10

3,3

45

0

.75

%

ID

FC L

td

Equi

ty

91

,16

5

0.6

6%

H

SBC

Cas

h Fu

nd -

Gro

wth

- D

irec

t D

ebt

80

,02

5

0.5

8%

R

elia

nce

Liqu

id F

und

- Tre

asur

y Pla

n - D

irec

t Pla

n - G

row

th

Deb

t 2

4,2

65

0

.18

%

To

tal

3

,884,4

29

28.2

4%

In

fosy

s Ltd

Eq

uity

1

,04

4,4

00

7

.59

%

2

C

om

pute

r pro

gram

min

g,

Tata

Co

nsul

tanc

y Se

rvic

es L

td

Equi

ty

49

9,1

40

3

.63

%

cons

ulta

ncy

and

rela

ted

activ

ities

H

CL

Tech

nolo

gies

Ltd

Eq

uity

3

49

,02

1

2.5

4%

Te

ch M

ahin

dra

Ltd

Equi

ty

32

9,1

54

2

.39

%

W

ipro

Ltd

Eq

uity

8

5,9

59

0

.62

%

To

tal

2

,307,6

74

16.7

8%

3

O

ther

s To

tal

7

,562,3

81

54.9

8%

G

ran

d T

ota

l

13,7

54,4

84

100.0

0%

(` '

000)

Can

ara

HS

BC

Ori

en

tal B

an

k o

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om

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ife I

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ran

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om

pan

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An

nexu

res

to S

ched

ule

16 f

or

the y

ear

en

ded

31

Marc

h, 2014

An

nexu

re 6

Un

it-L

ink

ed

Dis

clo

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Oth

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Dis

clo

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(J)

Ind

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vest

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ts w

ith

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osu

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d a

bo

ve s

egre

gate

d a

t sc

rip

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lst

Fo

r th

e y

ear

en

ded

31

Marc

h, 2014

Fu

nd

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row

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I F

un

dS

FIN

Co

de : U

LIF

00707/0

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0G

RO

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rity

C

ate

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vest

men

t A

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du

stry

Sect

or

Inve

stm

en

t

IC

ICI B

ank

Ltd

Equi

ty

11

2,2

35

6

.59

%

H

DFC

Ban

k Lt

d Eq

uity

1

03

,21

8

6.0

6%

H

ous

ing

Dev

elo

pmen

t Fin

ance

Co

rpo

ratio

n Lt

d Eq

uity

7

2,0

69

4

.23

%

In

dusI

nd B

ank

Ltd

Equi

ty

33

,75

0

1.9

8%

K

ota

k M

ahin

dra

Ban

k Lt

d Eq

uity

3

1,1

94

1

.83

%

9

.00

% P

ow

er F

in C

orp

. Ltd

. NC

D (M

D 1

1/0

3/2

02

8)

Deb

t 2

3,8

86

1

.40

%

A

xis B

ank

Equi

ty

15

,24

6

0.8

9%

9

.63

% P

ow

er F

inan

ce C

orp

ora

tion

(MD

15

-12

-20

14

) D

ebt

10

,01

5

0.5

9%

9

.27

% P

ow

er F

inan

ce C

orp

. Ltd

. NC

D (M

D 2

1/0

8/2

01

7)

Deb

t 9

,95

7

0.5

8%

9

.50

% B

ajaj

Fin

ance

Ltd

. N

CD

(MD

11

/01

/20

18

) D

ebt

9,9

01

0

.58

%

ID

FC L

td

Equi

ty

9,6

89

0

.57

%

1

Fi

nanc

ial a

nd in

sura

nce

activ

ities

B

irla

Sun

Life

Cas

h Plu

s - G

row

th -

Dir

ect P

lan

Deb

t 7

,83

5

0.4

6%

R

elia

nce

Liqu

id F

und

- Tre

asur

y Pla

n - D

irec

t Pla

n - G

row

th

Deb

t 7

,83

5

0.4

6%

D

WS

Inst

a C

ash

Plu

s Fun

d - D

irec

t Pla

n - G

row

th

Deb

t 7

,83

4

0.4

6%

9

.28

% R

ural

Ele

ctri

ficat

ion

Co

rpo

ratio

n Lt

d (M

D 1

5/0

2/2

01

7)

Deb

t 4

,98

4

0.2

9%

9

.25

% R

ural

Ele

ctri

ficat

ion

Co

rpo

ratio

n Lt

d (M

D 2

7/0

8/2

01

7)

Deb

t 4

,97

5

0.2

9%

9

.02

% R

ural

Ele

ctri

ficat

ion

Co

rpo

ratio

n Lt

d (M

D 1

9-N

ov-

20

22

) D

ebt

4,8

24

0

.28

%

8

.68

% N

atio

nal C

ap R

eg P

lan

NC

D (M

D 4

/8/2

0) P

/C 4

/8/1

7

Deb

t 2

,93

9

0.1

7%

8

.70

% P

ow

er F

inan

ce C

orp

Ltd

(MD

14

-05

-20

15

) D

ebt

1,9

87

0

.12

%

Ex

port

Impo

rt B

ank

of I

ndia

FR

N A

nnua

l Res

et 5

y IN

CM

TB

MK

+1

00

bps(

MD

09

/08

/16

) D

ebt

1,0

00

0

.06

%

9

.61

% P

ow

er F

in C

orp

. Ltd

. NC

D (M

D 2

9/0

6/2

1)

Deb

t 9

99

0

.06

%

9

.36

% P

ow

er F

in C

orp

. Ltd

. NC

D (M

D 0

1/0

8/2

1)

Deb

t 9

86

0

.06

%

8

.7%

Po

wer

Fin

Co

rp. L

td. N

CD

(MD

14

/5/2

02

0)

Deb

t 9

58

0

.06

%

To

tal

4

78,3

16

28.0

7%

In

fosy

s Ltd

Eq

uity

1

16

,48

0

6.8

4%

2

C

om

pute

r pro

gram

min

g,

Tata

Co

nsul

tanc

y Se

rvic

es L

td

Equi

ty

61

,87

2

3.6

3%

cons

ulta

ncy

and

rela

ted

activ

ities

H

CL

Tech

nolo

gies

Ltd

Eq

uity

6

0,5

93

3

.56

%

W

ipro

Ltd

Eq

uity

5

,01

2

0.2

9%

To

tal

2

43,9

57

14.3

2%

3

O

ther

s To

tal

9

81,8

71

57.6

2%

G

ran

d T

ota

l

1,7

04,1

44

100.0

0%

FinancialsFinancials

127126

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Can

ara

HS

BC

Ori

en

tal B

an

k o

f C

om

merc

e L

ife I

nsu

ran

ce C

om

pan

y Ltd

.st

An

nexu

res

to S

ched

ule

16 f

or

the y

ear

en

ded

31

Marc

h, 2014

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nexu

re 6

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ith

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31

Marc

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00807/0

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vest

men

t A

mou

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ent

IC

ICI B

ank

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ty

19

8,5

69

4

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%

HD

FC B

ank

Ltd

Equi

ty

18

1,7

59

3

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%

9.0

0%

Po

wer

Fin

Co

rp. L

td. N

CD

(MD

11

/03

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28

) D

ebt

12

4,2

05

2

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%

Ho

usin

g D

evel

opm

ent F

inan

ce C

orp

ora

tion

Ltd

Equi

ty

11

5,9

48

2

.35

%

9.4

6%

Po

wer

Fin

ance

Co

rp L

td N

CD

Ser

ies 8

9-B

(MD

02

/05

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15

) D

ebt

70

,10

2

1.4

2%

9

.63

% P

ow

er F

inan

ce C

orp

ora

tion

(MD

15

-12

-20

14

) D

ebt

62

,09

3

1.2

6%

K

ota

k M

ahin

dra

Ban

k Lt

d Eq

uity

5

6,8

67

1

.15

%

10

.25

% H

ous

ing

Dev

elo

pmen

t Fin

ance

Co

rp L

td N

CD

(MD

30

/03

/20

17

) D

ebt

51

,07

9

1.0

3%

8

.7%

Po

wer

Fin

Co

rp. L

td. N

CD

(MD

14

/5/2

02

0)

Deb

t 4

5,0

47

0

.91

%

YES

Ban

k Lt

d Eq

uity

4

3,2

85

0

.88

%

10

.10

% H

DB

Fin

anci

al S

ervi

ces L

td. N

CD

(MD

12

-06

-20

17

) D

ebt

40

,72

6

0.8

2%

9

.09

% In

dian

Rai

lway

s Fin

. Co

rp. N

CD

(MD

31

/03

/20

26

) D

ebt

39

,20

1

0.7

9%

B

irla

Sun

Life

Cas

h Plu

s - G

row

th -

Dir

ect P

lan

Deb

t 3

0,3

80

0

.61

%

Rel

ianc

e Li

quid

Fun

d - T

reas

ury

Pla

n - D

irec

t Pla

n - G

row

th

Deb

t 3

0,3

78

0

.61

%

DW

S In

sta

Cas

h Plu

s Fun

d - D

irec

t Pla

n - G

row

th

Deb

t 3

0,3

74

0

.61

%

Axi

s Ban

k Eq

uity

2

9,8

22

0

.60

%

9.1

8%

Po

wer

Fin

Co

rp. L

td. N

CD

(MD

15

/04

/20

21

) D

ebt

29

,34

1

0.5

9%

9

.02

% R

ural

Ele

ctri

ficat

ion

Co

rpo

ratio

n Lt

d (M

D 1

9-N

ov-

20

22

) D

ebt

28

,94

7

0.5

9%

0

9.8

0%

LIC

Ho

usin

g Fi

nanc

e Lt

d (M

D 0

9-J

an-2

01

5)

Deb

t 2

7,0

83

0

.55

%

Indu

sInd

Ban

k Lt

d Eq

uity

2

6,8

23

0

.54

%

1

Fina

ncia

l and

insu

ranc

e ac

tiviti

es

9.7

5%

Rur

al E

lect

rific

atio

n C

orp

. Ltd

. (M

D 1

1-1

1-2

02

1)

Deb

t 2

4,1

38

0

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%

8.8

3%

Indi

an R

ailw

ays F

in. C

orp

. NC

D (M

D 2

5/0

3/2

02

3)

Deb

t 2

2,8

91

0

.46

%

9.2

5%

Rur

al E

lect

rific

atio

n C

orp

ora

tion

Ltd

(MD

27

/08

/20

17

) D

ebt

19

,90

1

0.4

0%

9

.61

% P

ow

er F

in C

orp

. Ltd

. NC

D (M

D 2

9/0

6/2

1)

Deb

t 1

7,9

76

0

.36

%

8.6

8%

Nat

iona

l Cap

Reg

Pla

n N

CD

(MD

4/8

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) P/C

4/8

/17

D

ebt

17

,63

2

0.3

6%

ID

FC L

td

Equi

ty

17

,02

4

0.3

4%

Ex

port

Impo

rt B

ank

of I

ndia

FR

N A

nnua

l Res

et 5

y IN

CM

TB

MK

+1

00

bps(

MD

09

/08

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) D

ebt

17

,00

0

0.3

4%

R

ural

Ele

ctri

ficat

ion

Co

rp L

td

Equi

ty

15

,09

0

0.3

1%

9

.28

% R

ural

Ele

ctri

ficat

ion

Co

rpo

ratio

n Lt

d (M

D 1

5/0

2/2

01

7)

Deb

t 1

4,9

53

0

.30

%

9.4

5%

LIC

Ho

usin

g Fi

nanc

e Lt

d N

CD

(MD

30

/01

/20

22

) D

ebt

14

,85

5

0.3

0%

H

ous

ing

Dev

. Fin

. Co

rp. L

td. F

RN

Ann

ual R

eset

5y

Gse

c+1

20

b(M

D 1

8/1

/16

) D

ebt

13

,00

0

0.2

6%

8

.70

% P

ow

er F

inan

ce C

orp

Ltd

(MD

14

-05

-20

15

) D

ebt

11

,92

1

0.2

4%

9

.36

% P

ow

er F

in C

orp

. Ltd

. NC

D (M

D 0

1/0

8/2

1)

Deb

t 1

1,8

29

0

.24

%

9.7

5%

IL&

FS F

inan

cial

Ser

vice

s Ltd

NC

D (M

D 0

3-0

9-2

01

7)

Deb

t 1

0,0

91

0

.20

%

9.9

2%

Sun

dara

m F

inan

ce N

CD

(MD

07

-Sep

-20

15

) D

ebt

10

,02

5

0.2

0%

9

.50

% H

ous

ing

Dev

. Fin

. Co

rp. L

td. N

CD

(MD

13

/08

/20

17

) D

ebt

10

,02

1

0.2

0%

9

.90

% IC

ICI S

ecur

ities

Pri

mar

y D

eale

rshi

p Lt

d (M

D 2

1/0

4/2

01

4).

D

ebt

10

,00

2

0.2

0%

1

0.3

5%

Rel

ianc

e C

apita

l Ltd

. NC

D (M

D 1

0/0

4/2

01

4)

Deb

t 1

0,0

02

0

.20

%

9.5

0%

Baj

aj F

inan

ce L

td.

NC

D (M

D 1

1/0

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01

8)

Deb

t 9

,90

1

0.2

0%

8

.82

% R

ural

Ele

ctri

ficat

ion

Co

rpo

ratio

n Lt

d (M

D 1

2-A

pr-2

02

3)

Deb

t 9

,53

0

0.1

9%

9

.18

% T

ata

Sons

Ltd

. NC

D (M

D 2

3/1

1/2

02

0 )

Deb

t 7

,82

5

0.1

6%

8

.97

% T

ata

Sons

Ltd

NC

D (M

D 1

5/0

7/2

02

0)

Deb

t 4

,84

7

0.1

0%

9

.70

% H

ous

ing

Dev

. Fin

. Co

rp. L

td.

NC

D (M

D 0

9/0

2/2

01

6)

Deb

t 4

,01

8

0.0

8%

1

0.2

0%

Sun

dara

m F

inan

ce N

CD

(MD

21

-Jul

-20

14

) D

ebt

1,0

00

0

.02

%

Tota

l

1,5

67,5

01

31.7

3%

2

O

ther

s To

tal

3

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35

68.2

7%

G

ran

d T

ota

l

4,9

40,6

36

100.0

0%

Can

ara

HS

BC

Ori

en

tal B

an

k o

f C

om

merc

e L

ife I

nsu

ran

ce C

om

pan

y Ltd

.st

An

nexu

res

to S

ched

ule

16 f

or

the y

ear

en

ded

31

Marc

h, 2014

An

nexu

re 6

Un

it-L

ink

ed

Dis

clo

sure

s -

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er

Dis

clo

sure

s(J

) In

du

stry

wis

e d

iscl

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re o

f In

vest

men

ts w

ith

Exp

osu

re o

f 10%

an

d a

bo

ve s

egre

gate

d a

t sc

rip

leve

lst

Fo

r th

e y

ear

en

ded

31

Marc

h, 2014

Fu

nd

Nam

e : B

ala

nce

d P

lus

Fu

nd

SF

IN C

od

e : U

LIF

01013/0

9/1

0B

LN

CD

PLF

ND

136

(` '

000)

Secu

rity

C

ate

go

ryIn

vest

men

t A

mou

ntP

erc

en

tage o

f F

un

dS

.No.

Ind

ust

ry S

ect

or

Inve

stm

ent

IC

ICI B

ank

Ltd

Equi

ty

26

5,2

77

3

.92

%

HD

FC B

ank

Ltd

Equi

ty

24

2,8

01

3

.59

%

Ho

usin

g D

evel

opm

ent F

inan

ce C

orp

ora

tion

Ltd

Equi

ty

15

4,8

85

2

.29

%

9.0

9%

Indi

an R

ailw

ays F

in. C

orp

. NC

D (M

D 3

1/0

3/2

02

6)

Deb

t 1

51

,90

3

2.2

4%

9

.00

% P

ow

er F

in C

orp

. Ltd

. NC

D (M

D 1

1/0

3/2

02

8)

Deb

t 1

29

,93

8

1.9

2%

8

.83

% In

dian

Rai

lway

s Fin

. Co

rp. N

CD

(MD

25

/03

/20

23

) D

ebt

10

8,7

31

1

.61

%

8.9

4%

Po

wer

Fin

Co

rp. L

td. N

CD

(MD

25

/03

/28

) D

ebt

95

,09

9

1.4

0%

9

.63

% P

ow

er F

inan

ce C

orp

ora

tion

(MD

15

-12

-20

14

) D

ebt

84

,12

5

1.2

4%

K

ota

k M

ahin

dra

Ban

k Lt

d Eq

uity

7

5,9

74

1

.12

%

9.9

0%

ICIC

I Sec

uriti

es P

rim

ary

Dea

lers

hip

Ltd

(MD

21

/04

/20

14

).

Deb

t 7

0,0

15

1

.03

%

Bir

la S

un L

ife C

ash

Plu

s - G

row

th -

Dir

ect P

lan

Deb

t 6

9,4

56

1

.03

%

Rel

ianc

e Li

quid

Fun

d - T

reas

ury

Pla

n - D

irec

t Pla

n - G

row

th

Deb

t 6

9,4

52

1

.03

%

DW

S In

sta

Cas

h Plu

s Fun

d - D

irec

t Pla

n - G

row

th

Deb

t 6

9,4

41

1

.03

%

9.2

8%

Rur

al E

lect

rific

atio

n C

orp

ora

tion

Ltd

(MD

15

/02

/20

17

) D

ebt

64

,79

8

0.9

6%

9

.46

% P

ow

er F

inan

ce C

orp

Ltd

NC

D S

erie

s 89

-B (M

D 0

2/0

5/2

01

5)

Deb

t 6

0,0

87

0

.89

%

9.0

2%

Rur

al E

lect

rific

atio

n C

orp

ora

tion

Ltd

(MD

19

-No

v-2

02

2)

Deb

t 5

7,8

93

0

.85

%

YES

Ban

k Lt

d Eq

uity

5

7,8

13

0

.85

%

9.5

6%

LIC

Ho

usin

g Fi

nanc

e Lt

d N

CD

(MD

19

/01

/20

17

) D

ebt

50

,16

8

0.7

4%

8

.82

% R

ural

Ele

ctri

ficat

ion

Co

rpo

ratio

n Lt

d (M

D 1

2-A

pr-2

02

3)

Deb

t 4

7,6

49

0

.70

%

10

.10

% H

DB

Fin

anci

al S

ervi

ces L

td. N

CD

(MD

12

-06

-20

17

) D

ebt

40

,72

6

0.6

0%

A

xis B

ank

Equi

ty

40

,06

3

0.5

9%

9

.25

% R

ural

Ele

ctri

ficat

ion

Co

rpo

ratio

n Lt

d (M

D 2

7/0

8/2

01

7)

Deb

t 3

9,8

03

0

.59

%

1

Fina

ncia

l and

insu

ranc

e ac

tiviti

es

Indu

sInd

Ban

k Lt

d Eq

uity

3

5,8

14

0

.53

%

9.7

5%

Rur

al E

lect

rific

atio

n C

orp

. Ltd

. (M

D 1

1-1

1-2

02

1)

Deb

t 3

5,2

01

0

.52

%

10

.25

% H

ous

ing

Dev

elo

pmen

t Fin

ance

Co

rp L

td N

CD

(MD

30

/03

/20

17

) D

ebt

30

,64

8

0.4

5%

9

.87

% T

ata

Sons

Ltd

NC

D (M

D 1

6/0

4/2

01

7)

Deb

t 3

0,3

61

0

.45

%

8.7

0%

Po

wer

Fin

ance

Co

rp L

td (M

D 1

4-0

5-2

01

5)

Deb

t 2

5,8

30

0

.38

%

IDFC

Ltd

Eq

uity

2

2,7

41

0

.34

%

Rur

al E

lect

rific

atio

n C

orp

Ltd

Eq

uity

2

0,1

56

0

.30

%

9.9

0%

Tat

a So

ns L

td. N

CD

(MD

18

/03

/20

16

) D

ebt

19

,16

1

0.2

8%

9

.65

% H

ous

ing

Dev

elo

pmen

t Fin

ance

Co

rp N

CD

(MD

16

-08

-20

14

) D

ebt

18

,96

6

0.2

8%

9

.50

% H

ous

ing

Dev

. Fin

. Co

rp. L

td. N

CD

(MD

23

-12

-20

16

) D

ebt

15

,02

6

0.2

2%

1

0.3

5%

Rel

ianc

e C

apita

l Ltd

. NC

D (M

D 1

0/0

4/2

01

4)

Deb

t 1

4,0

03

0

.21

%

9.1

8%

Tat

a So

ns L

td. N

CD

(MD

23

/11

/20

20

) D

ebt

13

,69

4

0.2

0%

9

.70

% H

ous

ing

Dev

. Fin

. Co

rp. L

td.

NC

D (M

D 0

9/0

2/2

01

6)

Deb

t 1

2,0

53

0

.18

%

9.7

5%

IL&

FS F

inan

cial

Ser

vice

s Ltd

NC

D (M

D 0

3-0

9-2

01

7)

Deb

t 1

0,0

91

0

.15

%

9.9

2%

Sun

dara

m F

inan

ce N

CD

(MD

07

-Sep

-20

15

) D

ebt

10

,02

5

0.1

5%

9

.50

% H

ous

ing

Dev

. Fin

. Co

rp. L

td. N

CD

(MD

13

/08

/20

17

) D

ebt

10

,02

1

0.1

5%

9

.62

% L

IC H

ous

ing

Fina

nce

Ltd

NC

D (M

D 3

0/0

4/2

01

5)

Deb

t 8

,02

6

0.1

2%

H

ous

ing

Dev

. Fin

. Co

rp. L

td. F

RN

Ann

ual R

eset

5y

Gse

c+1

20

b(M

D 1

8/1

/16

) D

ebt

5,0

00

0

.07

%

9.6

1%

Po

wer

Fin

Co

rp. L

td. N

CD

(MD

29

/06

/21

) D

ebt

4,9

93

0

.07

%

8.9

7%

Tat

a So

ns L

td N

CD

(MD

15

/07

/20

20

) D

ebt

4,8

47

0

.07

%

9.3

6%

Po

wer

Fin

Co

rp. L

td. N

CD

(MD

01

/08

/21

) D

ebt

1,9

72

0

.03

%

8.9

5%

Ho

usin

g D

ev. F

in. C

orp

. Ltd

. NC

D (M

D 1

9/1

0/2

02

0)

Deb

t 1

,93

5

0.0

3%

To

tal

2

,406,6

18

35.5

4%

3

O

ther

s To

tal

4

,364,9

36

64.4

6%

G

ran

d T

ota

l

6,7

71,5

54

100.0

0%

FinancialsFinancials

129128

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Can

ara

HS

BC

Ori

en

tal B

an

k o

f C

om

merc

e L

ife I

nsu

ran

ce C

om

pan

y Ltd

.st

An

nexu

res

to S

ched

ule

16 f

or

the y

ear

en

ded

31

Marc

h, 2014

An

nexu

re 6

Un

it-L

ink

ed

Dis

clo

sure

s -

Oth

er

Dis

clo

sure

s(J

) In

du

stry

wis

e d

iscl

osu

re o

f In

vest

men

ts w

ith

Exp

osu

re o

f 10%

an

d a

bo

ve s

egre

gate

d a

t sc

rip

leve

lst

Fo

r th

e y

ear

en

ded

31

Marc

h, 2014

Fu

nd

Nam

e : B

ala

nce

d-I

I F

un

dS

FIN

Co

de : U

LIF

00807/0

1/1

0B

LN

CD

IIF

ND

136

(` '

000)

Secu

rity

C

ate

go

ryIn

vest

men

t A

mou

ntP

erc

en

tage o

f F

un

dS

.No.

Ind

ust

ry S

ect

or

Inve

stm

ent

IC

ICI B

ank

Ltd

Equi

ty

19

8,5

69

4

.02

%

HD

FC B

ank

Ltd

Equi

ty

18

1,7

59

3

.68

%

9.0

0%

Po

wer

Fin

Co

rp. L

td. N

CD

(MD

11

/03

/20

28

) D

ebt

12

4,2

05

2

.51

%

Ho

usin

g D

evel

opm

ent F

inan

ce C

orp

ora

tion

Ltd

Equi

ty

11

5,9

48

2

.35

%

9.4

6%

Po

wer

Fin

ance

Co

rp L

td N

CD

Ser

ies 8

9-B

(MD

02

/05

/20

15

) D

ebt

70

,10

2

1.4

2%

9

.63

% P

ow

er F

inan

ce C

orp

ora

tion

(MD

15

-12

-20

14

) D

ebt

62

,09

3

1.2

6%

K

ota

k M

ahin

dra

Ban

k Lt

d Eq

uity

5

6,8

67

1

.15

%

10

.25

% H

ous

ing

Dev

elo

pmen

t Fin

ance

Co

rp L

td N

CD

(MD

30

/03

/20

17

) D

ebt

51

,07

9

1.0

3%

8

.7%

Po

wer

Fin

Co

rp. L

td. N

CD

(MD

14

/5/2

02

0)

Deb

t 4

5,0

47

0

.91

%

YES

Ban

k Lt

d Eq

uity

4

3,2

85

0

.88

%

10

.10

% H

DB

Fin

anci

al S

ervi

ces L

td. N

CD

(MD

12

-06

-20

17

) D

ebt

40

,72

6

0.8

2%

9

.09

% In

dian

Rai

lway

s Fin

. Co

rp. N

CD

(MD

31

/03

/20

26

) D

ebt

39

,20

1

0.7

9%

B

irla

Sun

Life

Cas

h Plu

s - G

row

th -

Dir

ect P

lan

Deb

t 3

0,3

80

0

.61

%

Rel

ianc

e Li

quid

Fun

d - T

reas

ury

Pla

n - D

irec

t Pla

n - G

row

th

Deb

t 3

0,3

78

0

.61

%

DW

S In

sta

Cas

h Plu

s Fun

d - D

irec

t Pla

n - G

row

th

Deb

t 3

0,3

74

0

.61

%

Axi

s Ban

k Eq

uity

2

9,8

22

0

.60

%

9.1

8%

Po

wer

Fin

Co

rp. L

td. N

CD

(MD

15

/04

/20

21

) D

ebt

29

,34

1

0.5

9%

9

.02

% R

ural

Ele

ctri

ficat

ion

Co

rpo

ratio

n Lt

d (M

D 1

9-N

ov-

20

22

) D

ebt

28

,94

7

0.5

9%

0

9.8

0%

LIC

Ho

usin

g Fi

nanc

e Lt

d (M

D 0

9-J

an-2

01

5)

Deb

t 2

7,0

83

0

.55

%

Indu

sInd

Ban

k Lt

d Eq

uity

2

6,8

23

0

.54

%

1

Fina

ncia

l and

insu

ranc

e ac

tiviti

es

9.7

5%

Rur

al E

lect

rific

atio

n C

orp

. Ltd

. (M

D 1

1-1

1-2

02

1)

Deb

t 2

4,1

38

0

.49

%

8.8

3%

Indi

an R

ailw

ays F

in. C

orp

. NC

D (M

D 2

5/0

3/2

02

3)

Deb

t 2

2,8

91

0

.46

%

9.2

5%

Rur

al E

lect

rific

atio

n C

orp

ora

tion

Ltd

(MD

27

/08

/20

17

) D

ebt

19

,90

1

0.4

0%

9

.61

% P

ow

er F

in C

orp

. Ltd

. NC

D (M

D 2

9/0

6/2

1)

Deb

t 1

7,9

76

0

.36

%

8.6

8%

Nat

iona

l Cap

Reg

Pla

n N

CD

(MD

4/8

/20

) P/C

4/8

/17

D

ebt

17

,63

2

0.3

6%

ID

FC L

td

Equi

ty

17

,02

4

0.3

4%

Ex

port

Impo

rt B

ank

of I

ndia

FR

N A

nnua

l Res

et 5

y IN

CM

TB

MK

+1

00

bps(

MD

09

/08

/16

) D

ebt

17

,00

0

0.3

4%

R

ural

Ele

ctri

ficat

ion

Co

rp L

td

Equi

ty

15

,09

0

0.3

1%

9

.28

% R

ural

Ele

ctri

ficat

ion

Co

rpo

ratio

n Lt

d (M

D 1

5/0

2/2

01

7)

Deb

t 1

4,9

53

0

.30

%

9.4

5%

LIC

Ho

usin

g Fi

nanc

e Lt

d N

CD

(MD

30

/01

/20

22

) D

ebt

14

,85

5

0.3

0%

H

ous

ing

Dev

. Fin

. Co

rp. L

td. F

RN

Ann

ual R

eset

5y

Gse

c+1

20

b(M

D 1

8/1

/16

) D

ebt

13

,00

0

0.2

6%

8

.70

% P

ow

er F

inan

ce C

orp

Ltd

(MD

14

-05

-20

15

) D

ebt

11

,92

1

0.2

4%

9

.36

% P

ow

er F

in C

orp

. Ltd

. NC

D (M

D 0

1/0

8/2

1)

Deb

t 1

1,8

29

0

.24

%

9.7

5%

IL&

FS F

inan

cial

Ser

vice

s Ltd

NC

D (M

D 0

3-0

9-2

01

7)

Deb

t 1

0,0

91

0

.20

%

9.9

2%

Sun

dara

m F

inan

ce N

CD

(MD

07

-Sep

-20

15

) D

ebt

10

,02

5

0.2

0%

9

.50

% H

ous

ing

Dev

. Fin

. Co

rp. L

td. N

CD

(MD

13

/08

/20

17

) D

ebt

10

,02

1

0.2

0%

9

.90

% IC

ICI S

ecur

ities

Pri

mar

y D

eale

rshi

p Lt

d (M

D 2

1/0

4/2

01

4).

D

ebt

10

,00

2

0.2

0%

1

0.3

5%

Rel

ianc

e C

apita

l Ltd

. NC

D (M

D 1

0/0

4/2

01

4)

Deb

t 1

0,0

02

0

.20

%

9.5

0%

Baj

aj F

inan

ce L

td.

NC

D (M

D 1

1/0

1/2

01

8)

Deb

t 9

,90

1

0.2

0%

8

.82

% R

ural

Ele

ctri

ficat

ion

Co

rpo

ratio

n Lt

d (M

D 1

2-A

pr-2

02

3)

Deb

t 9

,53

0

0.1

9%

9

.18

% T

ata

Sons

Ltd

. NC

D (M

D 2

3/1

1/2

02

0 )

Deb

t 7

,82

5

0.1

6%

8

.97

% T

ata

Sons

Ltd

NC

D (M

D 1

5/0

7/2

02

0)

Deb

t 4

,84

7

0.1

0%

9

.70

% H

ous

ing

Dev

. Fin

. Co

rp. L

td.

NC

D (M

D 0

9/0

2/2

01

6)

Deb

t 4

,01

8

0.0

8%

1

0.2

0%

Sun

dara

m F

inan

ce N

CD

(MD

21

-Jul

-20

14

) D

ebt

1,0

00

0

.02

%

Tota

l

1,5

67,5

01

31.7

3%

2

O

ther

s To

tal

3

,373,1

35

68.2

7%

G

ran

d T

ota

l

4,9

40,6

36

100.0

0%

Can

ara

HS

BC

Ori

en

tal B

an

k o

f C

om

merc

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ife I

nsu

ran

ce C

om

pan

y Ltd

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An

nexu

res

to S

ched

ule

16 f

or

the y

ear

en

ded

31

Marc

h, 2014

An

nexu

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Un

it-L

ink

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Dis

clo

sure

s -

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er

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clo

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s(J

) In

du

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wis

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f In

vest

men

ts w

ith

Exp

osu

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f 10%

an

d a

bo

ve s

egre

gate

d a

t sc

rip

leve

lst

Fo

r th

e y

ear

en

ded

31

Marc

h, 2014

Fu

nd

Nam

e : B

ala

nce

d P

lus

Fu

nd

SF

IN C

od

e : U

LIF

01013/0

9/1

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LN

CD

PLF

ND

136

(` '

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Secu

rity

C

ate

go

ryIn

vest

men

t A

mou

ntP

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en

tage o

f F

un

dS

.No.

Ind

ust

ry S

ect

or

Inve

stm

ent

IC

ICI B

ank

Ltd

Equi

ty

26

5,2

77

3

.92

%

HD

FC B

ank

Ltd

Equi

ty

24

2,8

01

3

.59

%

Ho

usin

g D

evel

opm

ent F

inan

ce C

orp

ora

tion

Ltd

Equi

ty

15

4,8

85

2

.29

%

9.0

9%

Indi

an R

ailw

ays F

in. C

orp

. NC

D (M

D 3

1/0

3/2

02

6)

Deb

t 1

51

,90

3

2.2

4%

9

.00

% P

ow

er F

in C

orp

. Ltd

. NC

D (M

D 1

1/0

3/2

02

8)

Deb

t 1

29

,93

8

1.9

2%

8

.83

% In

dian

Rai

lway

s Fin

. Co

rp. N

CD

(MD

25

/03

/20

23

) D

ebt

10

8,7

31

1

.61

%

8.9

4%

Po

wer

Fin

Co

rp. L

td. N

CD

(MD

25

/03

/28

) D

ebt

95

,09

9

1.4

0%

9

.63

% P

ow

er F

inan

ce C

orp

ora

tion

(MD

15

-12

-20

14

) D

ebt

84

,12

5

1.2

4%

K

ota

k M

ahin

dra

Ban

k Lt

d Eq

uity

7

5,9

74

1

.12

%

9.9

0%

ICIC

I Sec

uriti

es P

rim

ary

Dea

lers

hip

Ltd

(MD

21

/04

/20

14

).

Deb

t 7

0,0

15

1

.03

%

Bir

la S

un L

ife C

ash

Plu

s - G

row

th -

Dir

ect P

lan

Deb

t 6

9,4

56

1

.03

%

Rel

ianc

e Li

quid

Fun

d - T

reas

ury

Pla

n - D

irec

t Pla

n - G

row

th

Deb

t 6

9,4

52

1

.03

%

DW

S In

sta

Cas

h Plu

s Fun

d - D

irec

t Pla

n - G

row

th

Deb

t 6

9,4

41

1

.03

%

9.2

8%

Rur

al E

lect

rific

atio

n C

orp

ora

tion

Ltd

(MD

15

/02

/20

17

) D

ebt

64

,79

8

0.9

6%

9

.46

% P

ow

er F

inan

ce C

orp

Ltd

NC

D S

erie

s 89

-B (M

D 0

2/0

5/2

01

5)

Deb

t 6

0,0

87

0

.89

%

9.0

2%

Rur

al E

lect

rific

atio

n C

orp

ora

tion

Ltd

(MD

19

-No

v-2

02

2)

Deb

t 5

7,8

93

0

.85

%

YES

Ban

k Lt

d Eq

uity

5

7,8

13

0

.85

%

9.5

6%

LIC

Ho

usin

g Fi

nanc

e Lt

d N

CD

(MD

19

/01

/20

17

) D

ebt

50

,16

8

0.7

4%

8

.82

% R

ural

Ele

ctri

ficat

ion

Co

rpo

ratio

n Lt

d (M

D 1

2-A

pr-2

02

3)

Deb

t 4

7,6

49

0

.70

%

10

.10

% H

DB

Fin

anci

al S

ervi

ces L

td. N

CD

(MD

12

-06

-20

17

) D

ebt

40

,72

6

0.6

0%

A

xis B

ank

Equi

ty

40

,06

3

0.5

9%

9

.25

% R

ural

Ele

ctri

ficat

ion

Co

rpo

ratio

n Lt

d (M

D 2

7/0

8/2

01

7)

Deb

t 3

9,8

03

0

.59

%

1

Fina

ncia

l and

insu

ranc

e ac

tiviti

es

Indu

sInd

Ban

k Lt

d Eq

uity

3

5,8

14

0

.53

%

9.7

5%

Rur

al E

lect

rific

atio

n C

orp

. Ltd

. (M

D 1

1-1

1-2

02

1)

Deb

t 3

5,2

01

0

.52

%

10

.25

% H

ous

ing

Dev

elo

pmen

t Fin

ance

Co

rp L

td N

CD

(MD

30

/03

/20

17

) D

ebt

30

,64

8

0.4

5%

9

.87

% T

ata

Sons

Ltd

NC

D (M

D 1

6/0

4/2

01

7)

Deb

t 3

0,3

61

0

.45

%

8.7

0%

Po

wer

Fin

ance

Co

rp L

td (M

D 1

4-0

5-2

01

5)

Deb

t 2

5,8

30

0

.38

%

IDFC

Ltd

Eq

uity

2

2,7

41

0

.34

%

Rur

al E

lect

rific

atio

n C

orp

Ltd

Eq

uity

2

0,1

56

0

.30

%

9.9

0%

Tat

a So

ns L

td. N

CD

(MD

18

/03

/20

16

) D

ebt

19

,16

1

0.2

8%

9

.65

% H

ous

ing

Dev

elo

pmen

t Fin

ance

Co

rp N

CD

(MD

16

-08

-20

14

) D

ebt

18

,96

6

0.2

8%

9

.50

% H

ous

ing

Dev

. Fin

. Co

rp. L

td. N

CD

(MD

23

-12

-20

16

) D

ebt

15

,02

6

0.2

2%

1

0.3

5%

Rel

ianc

e C

apita

l Ltd

. NC

D (M

D 1

0/0

4/2

01

4)

Deb

t 1

4,0

03

0

.21

%

9.1

8%

Tat

a So

ns L

td. N

CD

(MD

23

/11

/20

20

) D

ebt

13

,69

4

0.2

0%

9

.70

% H

ous

ing

Dev

. Fin

. Co

rp. L

td.

NC

D (M

D 0

9/0

2/2

01

6)

Deb

t 1

2,0

53

0

.18

%

9.7

5%

IL&

FS F

inan

cial

Ser

vice

s Ltd

NC

D (M

D 0

3-0

9-2

01

7)

Deb

t 1

0,0

91

0

.15

%

9.9

2%

Sun

dara

m F

inan

ce N

CD

(MD

07

-Sep

-20

15

) D

ebt

10

,02

5

0.1

5%

9

.50

% H

ous

ing

Dev

. Fin

. Co

rp. L

td. N

CD

(MD

13

/08

/20

17

) D

ebt

10

,02

1

0.1

5%

9

.62

% L

IC H

ous

ing

Fina

nce

Ltd

NC

D (M

D 3

0/0

4/2

01

5)

Deb

t 8

,02

6

0.1

2%

H

ous

ing

Dev

. Fin

. Co

rp. L

td. F

RN

Ann

ual R

eset

5y

Gse

c+1

20

b(M

D 1

8/1

/16

) D

ebt

5,0

00

0

.07

%

9.6

1%

Po

wer

Fin

Co

rp. L

td. N

CD

(MD

29

/06

/21

) D

ebt

4,9

93

0

.07

%

8.9

7%

Tat

a So

ns L

td N

CD

(MD

15

/07

/20

20

) D

ebt

4,8

47

0

.07

%

9.3

6%

Po

wer

Fin

Co

rp. L

td. N

CD

(MD

01

/08

/21

) D

ebt

1,9

72

0

.03

%

8.9

5%

Ho

usin

g D

ev. F

in. C

orp

. Ltd

. NC

D (M

D 1

9/1

0/2

02

0)

Deb

t 1

,93

5

0.0

3%

To

tal

2

,406,6

18

35.5

4%

3

O

ther

s To

tal

4

,364,9

36

64.4

6%

G

ran

d T

ota

l

6,7

71,5

54

100.0

0%

FinancialsFinancials

129128

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Can

ara

HS

BC

Ori

en

tal B

an

k o

f C

om

merc

e L

ife I

nsu

ran

ce C

om

pan

y Ltd

.st

An

nexu

res

to S

ched

ule

16 f

or

the y

ear

en

ded

31

Marc

h, 2014

An

nexu

re 6

Un

it-L

ink

ed

Dis

clo

sure

s -

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er

Dis

clo

sure

s(J

) In

du

stry

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e d

iscl

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re o

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vest

men

ts w

ith

Exp

osu

re o

f 10%

an

d a

bo

ve s

egre

gate

d a

t sc

rip

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lst

Fo

r th

e y

ear

en

ded

31

Marc

h, 2014

Fu

nd

Nam

e : G

row

th P

lus

Fu

nd

SF

IN C

od

e : U

LIF

00913/0

9/1

0G

RO

WT

PLF

ND

136

(` '

000)

Secu

rity

C

ate

go

ryIn

vest

men

t A

mou

ntP

erc

en

tage o

f F

un

dS

.No.

Ind

ust

ry S

ect

or

Inve

stm

ent

IC

ICI B

ank

Ltd

Equi

ty

11

3,2

27

6

.49

%

H

DFC

Ban

k Lt

d Eq

uity

1

04

,13

4

5.9

7%

H

ous

ing

Dev

elo

pmen

t Fin

ance

Co

rpo

ratio

n Lt

d Eq

uity

7

2,7

08

4

.17

%

In

dusI

nd B

ank

Ltd

Equi

ty

34

,50

4

1.9

8%

9

.63

% P

ow

er F

inan

ce C

orp

ora

tion

(MD

15

-12

-20

14

) D

ebt

34

,05

1

1.9

5%

K

ota

k M

ahin

dra

Ban

k Lt

d Eq

uity

3

1,4

70

1

.80

%

9

.00

% P

ow

er F

in C

orp

. Ltd

. NC

D (M

D 1

1/0

3/2

02

8)

Deb

t 1

8,1

53

1

.04

%

A

xis B

ank

Equi

ty

16

,12

1

0.9

2%

9

.28

% R

ural

Ele

ctri

ficat

ion

Co

rpo

ratio

n Lt

d (M

D 1

5/0

2/2

01

7)

Deb

t 1

4,9

53

0

.86

%

9

.27

% P

ow

er F

inan

ce C

orp

. Ltd

. NC

D (M

D 2

1/0

8/2

01

7)

Deb

t 1

4,9

35

0

.86

%

B

irla

Sun

Life

Cas

h Plu

s - G

row

th -

Dir

ect P

lan

Deb

t 1

2,7

58

0

.73

%

1

Fi

nanc

ial a

nd in

sura

nce

activ

ities

R

elia

nce

Liqu

id F

und

- Tre

asur

y Pla

n - D

irec

t Pla

n - G

row

th

Deb

t 1

2,7

58

0

.73

%

D

WS

Inst

a C

ash

Plu

s Fun

d - D

irec

t Pla

n - G

row

th

Deb

t 1

2,7

56

0

.73

%

9

.50

% B

ajaj

Fin

ance

Ltd

. N

CD

(MD

11

/01

/20

18

) D

ebt

9,9

01

0

.57

%

ID

FC L

td

Equi

ty

9,7

74

0

.56

%

9

.25

% R

ural

Ele

ctri

ficat

ion

Co

rpo

ratio

n Lt

d (M

D 2

7/0

8/2

01

7)

Deb

t 4

,97

5

0.2

9%

9

.75

% R

ural

Ele

ctri

ficat

ion

Co

rp. L

td. (

MD

11

-11

-20

21

) D

ebt

4,0

23

0

.23

%

1

0.2

0%

Sun

dara

m F

inan

ce N

CD

(MD

21

-Jul

-20

14

) D

ebt

2,0

01

0

.11

%

9

.61

% P

ow

er F

in C

orp

. Ltd

. NC

D (M

D 2

9/0

6/2

1)

Deb

t 1

,99

7

0.1

1%

8

.70

% P

ow

er F

inan

ce C

orp

Ltd

(MD

14

-05

-20

15

) D

ebt

1,9

87

0

.11

%

9

.18

% T

ata

Sons

Ltd

. NC

D (M

D 2

3/1

1/2

02

0 )

Deb

t 1

,95

6

0.1

1%

H

ous

ing

Dev

. Fin

. Co

rp. L

td. F

RN

Ann

ual R

eset

5y

Gse

c+1

20

b(M

D 1

8/1

/16

) D

ebt

1,0

00

0

.06

%

To

tal

5

30,1

42

30.3

9%

In

fosy

s Ltd

Eq

uity

1

17

,51

1

6.7

4%

2

C

om

pute

r pro

gram

min

g,

Tata

Co

nsul

tanc

y Se

rvic

es L

td

Equi

ty

62

,42

0

3.5

8%

cons

ulta

ncy

and

rela

ted

activ

ities

H

CL

Tech

nolo

gies

Ltd

Eq

uity

6

1,1

28

3

.50

%

W

ipro

Ltd

Eq

uity

7

,45

1

0.4

3%

To

tal

2

48,5

10

14.2

4%

3

O

ther

s To

tal

9

65,9

20

55.3

7%

G

ran

d T

ota

l

1,7

44,5

72

100.0

0%

Can

ara

HS

BC

Ori

en

tal B

an

k o

f C

om

merc

e L

ife I

nsu

ran

ce C

om

pan

y Ltd

.st

An

nexu

res

to S

ched

ule

16 f

or

the y

ear

en

ded

31

Marc

h, 2014

An

nexu

re 6

Un

it-L

ink

ed

Dis

clo

sure

s -

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er

Dis

clo

sure

s(J

) In

du

stry

wis

e d

iscl

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re o

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vest

men

ts w

ith

Exp

osu

re o

f 10%

an

d a

bo

ve s

egre

gate

d a

t sc

rip

leve

lst

Fo

r th

e y

ear

en

ded

31

Marc

h, 2014

Fu

nd

Nam

e : D

eb

t P

lus

Fu

nd

SF

IN C

od

e : U

LIF

01115/0

9/1

0D

EB

TP

LF

UN

D136

(` '

000)

Secu

rity

C

ate

go

ryIn

vest

men

t A

mou

ntP

erc

en

tage o

f F

un

dS

.No.

Ind

ust

ry S

ect

or

Inve

stm

ent

9

.57

% L

IC H

ous

ing

Fin.

Ltd

. NC

D (M

D 0

7/0

9/2

01

7)

Deb

t 5

7,2

30

2

.73

%

9

.25

% R

ural

Ele

ctri

ficat

ion

Co

rpo

ratio

n Lt

d (M

D 2

7/0

8/2

01

7)

Deb

t 4

9,7

53

2

.37

%

9

.02

% R

ural

Ele

ctri

ficat

ion

Co

rpo

ratio

n Lt

d (M

D 1

9-N

ov-

20

22

) D

ebt

44

,38

5

2.1

1%

8

.82

% R

ural

Ele

ctri

ficat

ion

Co

rpo

ratio

n Lt

d (M

D 1

2-A

pr-2

02

3)

Deb

t 3

3,3

54

1

.59

%

B

irla

Sun

Life

Cas

h Plu

s - G

row

th -

Dir

ect P

lan

Deb

t 3

1,3

81

1

.50

%

R

elia

nce

Liqu

id F

und

- Tre

asur

y Pla

n - D

irec

t Pla

n - G

row

th

Deb

t 3

1,3

79

1

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%

D

WS

Inst

a C

ash

Plu

s Fun

d - D

irec

t Pla

n - G

row

th

Deb

t 3

1,3

74

1

.49

%

9

.68

% IL

& F

S Lt

d N

CD

(MD

25

-07

-20

21

) D

ebt

26

,05

4

1.2

4%

8

.83

% In

dian

Rai

lway

s Fin

. Co

rp. N

CD

(MD

25

/03

/20

23

) D

ebt

23

,84

4

1.1

4%

1

0.0

0%

Rel

ianc

e C

apita

l Ltd

. NC

D (M

D 1

5/1

2/2

01

7)

Deb

t 2

0,3

38

0

.97

%

9

.68

%Ta

ta S

ons

Ltd

NC

D (M

D 1

0/0

1/2

01

7)

Deb

t 2

0,1

22

0

.96

%

9

.50

% H

ous

ing

Dev

. Fin

. Co

rp. L

td. N

CD

(MD

13

/09

/20

17

) D

ebt

20

,04

1

0.9

5%

9

.90

% IC

ICI S

ecur

ities

Pri

mar

y D

eale

rshi

p Lt

d (M

D 2

1/0

4/2

01

4).

D

ebt

20

,00

4

0.9

5%

1

0.1

0%

HD

B F

inan

cial

Ser

vice

s Ltd

. NC

D (M

D 1

2-0

6-2

01

7)

Deb

t 1

5,2

72

0

.73

%

9

.28

% R

ural

Ele

ctri

ficat

ion

Co

rpo

ratio

n Lt

d (M

D 1

5/0

2/2

01

7)

Deb

t 1

4,9

53

0

.71

%

1

Fi

nanc

ial a

nd in

sura

nce

activ

ities

9

.3%

Ho

usin

g D

ev. F

in. C

orp

. Ltd

. NC

D (M

D 0

4/1

0/2

01

7)

Deb

t 1

4,9

45

0

.71

%

9

.27

% P

ow

er F

inan

ce C

orp

. Ltd

. NC

D (M

D 2

1/0

8/2

01

7)

Deb

t 1

4,9

35

0

.71

%

9

.00

% P

ow

er F

in C

orp

. Ltd

. NC

D (M

D 1

1/0

3/2

02

8)

Deb

t 1

4,3

31

0

.68

%

0

.00

% H

ous

ing

Dev

elo

pmen

t Fin

ance

Co

rp L

td Z

CB

(MD

10

/01

/20

17

) D

ebt

12

,32

8

0.5

9%

9

.75

% IL

&FS

Fin

anci

al S

ervi

ces L

td N

CD

(MD

03

-09

-20

17

) D

ebt

10

,09

1

0.4

8%

9

.92

% S

unda

ram

Fin

ance

NC

D (M

D 0

7-S

ep-2

01

5)

Deb

t 1

0,0

25

0

.48

%

9

.50

% H

ous

ing

Dev

. Fin

. Co

rp. L

td. N

CD

(MD

13

/08

/20

17

) D

ebt

10

,02

1

0.4

8%

9

.50

% B

ajaj

Fin

ance

Ltd

. N

CD

(MD

11

/01

/20

18

) D

ebt

9,9

01

0

.47

%

8

.97

% T

ata

Sons

Ltd

NC

D (M

D 1

5/0

7/2

02

0)

Deb

t 9

,69

5

0.4

6%

8

.79

% In

dian

Rai

lway

s Fin

. Co

rp. N

CD

(MD

04

/05

/20

30

) D

ebt

9,5

18

0

.45

%

9

.18

% P

ow

er F

in C

orp

. Ltd

. NC

D (M

D 1

5/0

4/2

02

1)

Deb

t 6

,84

6

0.3

3%

9

.45

% L

IC H

ous

ing

Fina

nce

Ltd

NC

D (M

D 3

0/0

1/2

02

2)

Deb

t 4

,95

2

0.2

4%

9

.50

% H

ous

ing

Dev

. Fin

. Co

rp. L

td. N

CD

(MD

23

-12

-20

16

) D

ebt

4,0

07

0

.19

%

9

.70

% H

ous

ing

Dev

. Fin

. Co

rp. L

td.

NC

D (M

D 0

9/0

2/2

01

6)

Deb

t 2

,00

9

0.1

0%

9

.90

% T

ata

Sons

Ltd

. NC

D (M

D 1

8/0

3/2

01

6)

Deb

t 1

,00

8

0.0

5%

1

0.3

5%

Rel

ianc

e C

apita

l Ltd

. NC

D (M

D 1

0/0

4/2

01

4)

Deb

t 1

,00

0

0.0

5%

9

.61

% P

ow

er F

in C

orp

. Ltd

. NC

D (M

D 2

9/0

6/2

1)

Deb

t 9

99

0

.05

%

To

tal

5

76,0

95

27.4

5%

2

O

ther

s To

tal

1

,522,5

76

72.5

5%

G

ran

d T

ota

l

2,0

98,6

71

100.0

0%

FinancialsFinancials

131130

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Can

ara

HS

BC

Ori

en

tal B

an

k o

f C

om

merc

e L

ife I

nsu

ran

ce C

om

pan

y Ltd

.st

An

nexu

res

to S

ched

ule

16 f

or

the y

ear

en

ded

31

Marc

h, 2014

An

nexu

re 6

Un

it-L

ink

ed

Dis

clo

sure

s -

Oth

er

Dis

clo

sure

s(J

) In

du

stry

wis

e d

iscl

osu

re o

f In

vest

men

ts w

ith

Exp

osu

re o

f 10%

an

d a

bo

ve s

egre

gate

d a

t sc

rip

leve

lst

Fo

r th

e y

ear

en

ded

31

Marc

h, 2014

Fu

nd

Nam

e : G

row

th P

lus

Fu

nd

SF

IN C

od

e : U

LIF

00913/0

9/1

0G

RO

WT

PLF

ND

136

(` '

000)

Secu

rity

C

ate

go

ryIn

vest

men

t A

mou

ntP

erc

en

tage o

f F

un

dS

.No.

Ind

ust

ry S

ect

or

Inve

stm

ent

IC

ICI B

ank

Ltd

Equi

ty

11

3,2

27

6

.49

%

H

DFC

Ban

k Lt

d Eq

uity

1

04

,13

4

5.9

7%

H

ous

ing

Dev

elo

pmen

t Fin

ance

Co

rpo

ratio

n Lt

d Eq

uity

7

2,7

08

4

.17

%

In

dusI

nd B

ank

Ltd

Equi

ty

34

,50

4

1.9

8%

9

.63

% P

ow

er F

inan

ce C

orp

ora

tion

(MD

15

-12

-20

14

) D

ebt

34

,05

1

1.9

5%

K

ota

k M

ahin

dra

Ban

k Lt

d Eq

uity

3

1,4

70

1

.80

%

9

.00

% P

ow

er F

in C

orp

. Ltd

. NC

D (M

D 1

1/0

3/2

02

8)

Deb

t 1

8,1

53

1

.04

%

A

xis B

ank

Equi

ty

16

,12

1

0.9

2%

9

.28

% R

ural

Ele

ctri

ficat

ion

Co

rpo

ratio

n Lt

d (M

D 1

5/0

2/2

01

7)

Deb

t 1

4,9

53

0

.86

%

9

.27

% P

ow

er F

inan

ce C

orp

. Ltd

. NC

D (M

D 2

1/0

8/2

01

7)

Deb

t 1

4,9

35

0

.86

%

B

irla

Sun

Life

Cas

h Plu

s - G

row

th -

Dir

ect P

lan

Deb

t 1

2,7

58

0

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%

1

Fi

nanc

ial a

nd in

sura

nce

activ

ities

R

elia

nce

Liqu

id F

und

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asur

y Pla

n - D

irec

t Pla

n - G

row

th

Deb

t 1

2,7

58

0

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%

D

WS

Inst

a C

ash

Plu

s Fun

d - D

irec

t Pla

n - G

row

th

Deb

t 1

2,7

56

0

.73

%

9

.50

% B

ajaj

Fin

ance

Ltd

. N

CD

(MD

11

/01

/20

18

) D

ebt

9,9

01

0

.57

%

ID

FC L

td

Equi

ty

9,7

74

0

.56

%

9

.25

% R

ural

Ele

ctri

ficat

ion

Co

rpo

ratio

n Lt

d (M

D 2

7/0

8/2

01

7)

Deb

t 4

,97

5

0.2

9%

9

.75

% R

ural

Ele

ctri

ficat

ion

Co

rp. L

td. (

MD

11

-11

-20

21

) D

ebt

4,0

23

0

.23

%

1

0.2

0%

Sun

dara

m F

inan

ce N

CD

(MD

21

-Jul

-20

14

) D

ebt

2,0

01

0

.11

%

9

.61

% P

ow

er F

in C

orp

. Ltd

. NC

D (M

D 2

9/0

6/2

1)

Deb

t 1

,99

7

0.1

1%

8

.70

% P

ow

er F

inan

ce C

orp

Ltd

(MD

14

-05

-20

15

) D

ebt

1,9

87

0

.11

%

9

.18

% T

ata

Sons

Ltd

. NC

D (M

D 2

3/1

1/2

02

0 )

Deb

t 1

,95

6

0.1

1%

H

ous

ing

Dev

. Fin

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rp. L

td. F

RN

Ann

ual R

eset

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Gse

c+1

20

b(M

D 1

8/1

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) D

ebt

1,0

00

0

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%

To

tal

5

30,1

42

30.3

9%

In

fosy

s Ltd

Eq

uity

1

17

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1

6.7

4%

2

C

om

pute

r pro

gram

min

g,

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nsul

tanc

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rvic

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td

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ty

62

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cons

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and

rela

ted

activ

ities

H

CL

Tech

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gies

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Eq

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6

1,1

28

3

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%

W

ipro

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7

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1

0.4

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tal

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48,5

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14.2

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3

O

ther

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tal

9

65,9

20

55.3

7%

G

ran

d T

ota

l

1,7

44,5

72

100.0

0%

Can

ara

HS

BC

Ori

en

tal B

an

k o

f C

om

merc

e L

ife I

nsu

ran

ce C

om

pan

y Ltd

.st

An

nexu

res

to S

ched

ule

16 f

or

the y

ear

en

ded

31

Marc

h, 2014

An

nexu

re 6

Un

it-L

ink

ed

Dis

clo

sure

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er

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clo

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s(J

) In

du

stry

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e d

iscl

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re o

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vest

men

ts w

ith

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osu

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an

d a

bo

ve s

egre

gate

d a

t sc

rip

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lst

Fo

r th

e y

ear

en

ded

31

Marc

h, 2014

Fu

nd

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eb

t P

lus

Fu

nd

SF

IN C

od

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LIF

01115/0

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Secu

rity

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ate

go

ryIn

vest

men

t A

mou

ntP

erc

en

tage o

f F

un

dS

.No.

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ust

ry S

ect

or

Inve

stm

ent

9

.57

% L

IC H

ous

ing

Fin.

Ltd

. NC

D (M

D 0

7/0

9/2

01

7)

Deb

t 5

7,2

30

2

.73

%

9

.25

% R

ural

Ele

ctri

ficat

ion

Co

rpo

ratio

n Lt

d (M

D 2

7/0

8/2

01

7)

Deb

t 4

9,7

53

2

.37

%

9

.02

% R

ural

Ele

ctri

ficat

ion

Co

rpo

ratio

n Lt

d (M

D 1

9-N

ov-

20

22

) D

ebt

44

,38

5

2.1

1%

8

.82

% R

ural

Ele

ctri

ficat

ion

Co

rpo

ratio

n Lt

d (M

D 1

2-A

pr-2

02

3)

Deb

t 3

3,3

54

1

.59

%

B

irla

Sun

Life

Cas

h Plu

s - G

row

th -

Dir

ect P

lan

Deb

t 3

1,3

81

1

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%

R

elia

nce

Liqu

id F

und

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asur

y Pla

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irec

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row

th

Deb

t 3

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79

1

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%

D

WS

Inst

a C

ash

Plu

s Fun

d - D

irec

t Pla

n - G

row

th

Deb

t 3

1,3

74

1

.49

%

9

.68

% IL

& F

S Lt

d N

CD

(MD

25

-07

-20

21

) D

ebt

26

,05

4

1.2

4%

8

.83

% In

dian

Rai

lway

s Fin

. Co

rp. N

CD

(MD

25

/03

/20

23

) D

ebt

23

,84

4

1.1

4%

1

0.0

0%

Rel

ianc

e C

apita

l Ltd

. NC

D (M

D 1

5/1

2/2

01

7)

Deb

t 2

0,3

38

0

.97

%

9

.68

%Ta

ta S

ons

Ltd

NC

D (M

D 1

0/0

1/2

01

7)

Deb

t 2

0,1

22

0

.96

%

9

.50

% H

ous

ing

Dev

. Fin

. Co

rp. L

td. N

CD

(MD

13

/09

/20

17

) D

ebt

20

,04

1

0.9

5%

9

.90

% IC

ICI S

ecur

ities

Pri

mar

y D

eale

rshi

p Lt

d (M

D 2

1/0

4/2

01

4).

D

ebt

20

,00

4

0.9

5%

1

0.1

0%

HD

B F

inan

cial

Ser

vice

s Ltd

. NC

D (M

D 1

2-0

6-2

01

7)

Deb

t 1

5,2

72

0

.73

%

9

.28

% R

ural

Ele

ctri

ficat

ion

Co

rpo

ratio

n Lt

d (M

D 1

5/0

2/2

01

7)

Deb

t 1

4,9

53

0

.71

%

1

Fi

nanc

ial a

nd in

sura

nce

activ

ities

9

.3%

Ho

usin

g D

ev. F

in. C

orp

. Ltd

. NC

D (M

D 0

4/1

0/2

01

7)

Deb

t 1

4,9

45

0

.71

%

9

.27

% P

ow

er F

inan

ce C

orp

. Ltd

. NC

D (M

D 2

1/0

8/2

01

7)

Deb

t 1

4,9

35

0

.71

%

9

.00

% P

ow

er F

in C

orp

. Ltd

. NC

D (M

D 1

1/0

3/2

02

8)

Deb

t 1

4,3

31

0

.68

%

0

.00

% H

ous

ing

Dev

elo

pmen

t Fin

ance

Co

rp L

td Z

CB

(MD

10

/01

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17

) D

ebt

12

,32

8

0.5

9%

9

.75

% IL

&FS

Fin

anci

al S

ervi

ces L

td N

CD

(MD

03

-09

-20

17

) D

ebt

10

,09

1

0.4

8%

9

.92

% S

unda

ram

Fin

ance

NC

D (M

D 0

7-S

ep-2

01

5)

Deb

t 1

0,0

25

0

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%

9

.50

% H

ous

ing

Dev

. Fin

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rp. L

td. N

CD

(MD

13

/08

/20

17

) D

ebt

10

,02

1

0.4

8%

9

.50

% B

ajaj

Fin

ance

Ltd

. N

CD

(MD

11

/01

/20

18

) D

ebt

9,9

01

0

.47

%

8

.97

% T

ata

Sons

Ltd

NC

D (M

D 1

5/0

7/2

02

0)

Deb

t 9

,69

5

0.4

6%

8

.79

% In

dian

Rai

lway

s Fin

. Co

rp. N

CD

(MD

04

/05

/20

30

) D

ebt

9,5

18

0

.45

%

9

.18

% P

ow

er F

in C

orp

. Ltd

. NC

D (M

D 1

5/0

4/2

02

1)

Deb

t 6

,84

6

0.3

3%

9

.45

% L

IC H

ous

ing

Fina

nce

Ltd

NC

D (M

D 3

0/0

1/2

02

2)

Deb

t 4

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2

0.2

4%

9

.50

% H

ous

ing

Dev

. Fin

. Co

rp. L

td. N

CD

(MD

23

-12

-20

16

) D

ebt

4,0

07

0

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%

9

.70

% H

ous

ing

Dev

. Fin

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rp. L

td.

NC

D (M

D 0

9/0

2/2

01

6)

Deb

t 2

,00

9

0.1

0%

9

.90

% T

ata

Sons

Ltd

. NC

D (M

D 1

8/0

3/2

01

6)

Deb

t 1

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8

0.0

5%

1

0.3

5%

Rel

ianc

e C

apita

l Ltd

. NC

D (M

D 1

0/0

4/2

01

4)

Deb

t 1

,00

0

0.0

5%

9

.61

% P

ow

er F

in C

orp

. Ltd

. NC

D (M

D 2

9/0

6/2

1)

Deb

t 9

99

0

.05

%

To

tal

5

76,0

95

27.4

5%

2

O

ther

s To

tal

1

,522,5

76

72.5

5%

G

ran

d T

ota

l

2,0

98,6

71

100.0

0%

FinancialsFinancials

131130

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

IC

ICI B

ank

Ltd

Equi

ty

69

,41

8

4.4

4%

H

DFC

Ban

k Lt

d Eq

uity

6

5,5

90

4

.20

%

H

ous

ing

Dev

elo

pmen

t Fin

ance

Co

rpo

ratio

n Lt

d Eq

uity

3

3,0

61

2

.12

%

In

dusI

nd B

ank

Ltd

Equi

ty

18

,80

4

1.2

0%

K

ota

k M

ahin

dra

Ban

k Lt

d Eq

uity

1

8,6

98

1

.20

%

Y

ES B

ank

Ltd

Equi

ty

17

,21

2

1.1

0%

1

Fi

nanc

ial a

nd in

sura

nce

activ

ities

B

irla

Sun

Life

Cas

h Plu

s - G

row

th -

Dir

ect P

lan

Deb

t 9

,82

6

0.6

3%

R

elia

nce

Liqu

id F

und

- Tre

asur

y Pla

n - D

irec

t Pla

n - G

row

th

Deb

t 9

,82

6

0.6

3%

D

WS

Inst

a C

ash

Plu

s Fun

d - D

irec

t Pla

n - G

row

th

Deb

t 9

,82

4

0.6

3%

R

ural

Ele

ctri

ficat

ion

Co

rp L

td

Equi

ty

9,5

31

0

.61

%

A

xis B

ank

Equi

ty

7,4

78

0

.48

%

ID

FC L

td

Equi

ty

2,5

90

0

.17

%

To

tal

2

71,8

58

17.4

0%

In

fosy

s Ltd

Eq

uity

7

2,7

93

4

.66

%

Ta

ta C

ons

ulta

ncy

Serv

ices

Ltd

Eq

uity

3

7,2

30

2

.38

%

2

C

om

pute

r pro

gram

min

g,

Tech

Mah

indr

a Lt

d Eq

uity

2

1,6

99

1

.39

%

cons

ulta

ncy

and

rela

ted

activ

ities

H

CL

Tech

nolo

gies

Ltd

Eq

uity

1

9,6

07

1

.26

%

W

ipro

Ltd

Eq

uity

5

,98

4

0.3

8%

To

tal

1

57,3

13

10.0

7%

3

O

ther

s To

tal

1

,132,8

14

72.5

2%

G

ran

d T

ota

l

1,5

61,9

85

100.0

0%

Can

ara

HS

BC

Ori

en

tal B

an

k o

f C

om

merc

e L

ife I

nsu

ran

ce C

om

pan

y Ltd

.st

An

nexu

res

to S

ched

ule

16 f

or

the y

ear

en

ded

31

Marc

h, 2014

An

nexu

re 6

Un

it-L

ink

ed

Dis

clo

sure

s -

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er

Dis

clo

sure

s(J

) In

du

stry

wis

e d

iscl

osu

re o

f In

vest

men

ts w

ith

Exp

osu

re o

f 10%

an

d a

bo

ve s

egre

gate

d a

t sc

rip

leve

lst

Fo

r th

e y

ear

en

ded

31

Marc

h, 2014

Fu

nd

Nam

e : N

AV

Gu

ara

nte

e F

un

dS

FIN

Co

de : U

LIF

01215/0

4/1

1N

AV

GF

UN

DS

I136

(` '

000)

Secu

rity

C

ate

go

ryIn

vest

men

t A

mou

ntP

erc

en

tage o

f F

un

dS

.No.

Ind

ust

ry S

ect

or

Inve

stm

ent

H

SBC

Cas

h Fu

nd -

Gro

wth

- D

irec

t D

ebt

15

0,0

46

3

.79

%

9

% U

nio

n B

ank

of I

ndia

FD

(MD

07

-01

-20

15

) Qtr

ly C

mpd

g D

ebt

10

8,9

00

2

.75

%

9

.25

% In

dusl

nd B

ank

FD (M

D 1

1-0

2-2

01

6) Q

tly C

mpd

g D

ebt

68

,60

0

1.7

3%

B

irla

Sun

Life

Cas

h Plu

s - G

row

th -

Dir

ect P

lan

Deb

t 6

0,8

30

1

.53

%

9

.89

% ID

BI B

ank

FD (M

D 2

3-0

3-2

01

5) Q

trly

Cm

pdg

Deb

t 5

0,5

00

1

.27

%

9

.89

% ID

BI B

ank

FD (M

D 2

5-0

3-2

01

5) Q

trly

Cm

pdg

Deb

t 5

0,5

00

1

.27

%

9

.60

% Y

es B

ank

FD (M

D 2

4-1

1-2

01

5) Q

trly

Cm

pdg

Deb

t 5

0,0

00

1

.26

%

9

.50

% K

OTA

K M

AH

IND

RA

BA

NK

FD

(MD

24

-12

-20

14

) Qtr

ly C

mpd

g D

ebt

50

,00

0

1.2

6%

9

.45

% Y

es B

ank

FD (M

D 2

2-0

7-2

01

5) Q

trly

Cm

pdg

Deb

t 5

0,0

00

1

.26

%

9

.5%

Sta

te B

ank

of T

rava

nco

re F

D (M

D 0

7-0

7-2

01

4) Q

trly

Cm

pdg

Deb

t 5

0,0

00

1

.26

%

9

.25

% A

XIS

BA

NK

FD

(MD

25

-07

-20

14

) Qtr

ly C

mpd

g D

ebt

49

,50

0

1.2

5%

9

.30

% A

XIS

BA

NK

FD

(MD

28

-07

-20

14

) Qtr

ly C

mpd

g D

ebt

49

,50

0

1.2

5%

9

.25

% In

dusl

nd B

ank

FD (M

D 0

5/0

1/2

01

6) Q

tly C

mpd

g D

ebt

49

,00

0

1.2

4%

9

.75

% C

orp

ora

tion

Ban

k FD

(MD

03

-03

-20

15

) Qrt

ly C

mpd

g.

Deb

t 3

0,0

00

0

.76

%

9

.25

% In

dusl

nd B

ank

FD (M

D 1

5/0

2/2

01

6) Q

tly C

mpd

g D

ebt

29

,40

0

0.7

4%

9

.25

% In

dusl

nd B

ank

FD (M

D 1

2/0

2/2

01

6) Q

tly C

mpd

g.

Deb

t 1

9,6

00

0

.49

%

R

elia

nce

Liqu

id F

und

- Tre

asur

y Pla

n - D

irec

t Pla

n - G

row

th

Deb

t 1

1,5

97

0

.29

%

9

.25

% Y

es B

ank

FD (M

D 2

2-0

4-2

01

4) Q

trly

Cm

pdg

Deb

t 9

,90

0

0.2

5%

9

.25

% Y

es B

ank

FD (M

D 2

2-0

4-2

01

4) Q

trly

Cm

pdg

- 2nd

FD

D

ebt

9,9

00

0

.25

%

9

.25

% Y

es B

ank

FD (M

D 2

3-0

4-2

01

4) Q

trly

Cm

pdg

Deb

t 9

,90

0

0.2

5%

9

% A

ndhr

a B

ank

FD (M

D 1

5-0

6-2

01

5) Q

trly

Cm

pdg

Deb

t 9

,90

0

0.2

5%

1

Fi

nanc

ial a

nd in

sura

nce

activ

ities

9

.25

% Y

es B

ank

FD (M

D 2

4-0

4-2

01

4) Q

trly

Cm

pdg

Deb

t 9

,90

0

0.2

5%

9

.25

% Y

es B

ank

FD (M

D 2

5-0

4-2

01

4) Q

trly

Cm

pdg

Deb

t 9

,90

0

0.2

5%

9

.25

% Y

es B

ank

FD (M

D 2

8-0

4-2

01

4) Q

trly

Cm

pdg

Deb

t 9

,90

0

0.2

5%

9

.40

% ID

BI B

ank

FD

(MD

- 2

1/0

3/2

01

5) Q

trly

Cm

pdg

Deb

t 9

,50

0

0.2

4%

9

.40

% ID

BI B

ank

FD (M

D 1

8-0

4-2

01

5) Q

trly

Cm

pdg

Deb

t 9

,50

0

0.2

4%

9

.40

% ID

BI B

ank

FD (M

D 1

6-0

4-2

01

5) Q

trly

Cm

pdg

Deb

t 9

,50

0

0.2

4%

9

.40

% ID

BI B

ank

FD (M

D 0

2-0

4-2

01

5) Q

trly

Cm

pdg

Deb

t 9

,50

0

0.2

4%

9

.40

% ID

BI B

ank

FD (M

D 2

0-0

3-2

01

5) Q

trly

Cm

pdg

Deb

t 9

,50

0

0.2

4%

9

.40

% ID

BI B

ank

FD (M

D 0

3-0

4-2

01

5) Q

trly

Cm

pdg

Deb

t 9

,50

0

0.2

4%

9

.4%

IDB

I Ban

k FD

(MD

- 2

8/0

3/2

01

5) Q

trly

Cm

pdg

Deb

t 9

,50

0

0.2

4%

9

.40

% ID

BI B

ank

FD (M

D 0

4-0

4-2

01

5) Q

trly

Cm

pdg

Deb

t 9

,50

0

0.2

4%

9

.40

% ID

BI B

ank

FD (M

D 1

7-0

4-2

01

5) Q

trly

Cm

pdg

Deb

t 9

,50

0

0.2

4%

9

.40

% ID

BI B

ank

FD (M

D 0

5-0

4-2

01

5) Q

trly

Cm

pdg

Deb

t 9

,50

0

0.2

4%

9

.40

% ID

BI B

ank

FD (M

D 1

9-0

4-2

01

5) Q

trly

Cm

pdg

Deb

t 9

,50

0

0.2

4%

9

.40

% ID

BI B

ank

FD (M

D 0

9-0

4-2

01

5) Q

trly

Cm

pdg

Deb

t 9

,50

0

0.2

4%

9

.40

% ID

BI B

ank

FD (M

D 2

0-0

4-2

01

5) Q

trly

Cm

pdg

Deb

t 9

,50

0

0.2

4%

9

.40

% ID

BI B

ank

FD (M

D 1

0-0

4-2

01

5) Q

trly

Cm

pdg

Deb

t 9

,50

0

0.2

4%

9

.4%

IDB

I Ban

k FD

(MD

- 2

7/0

3/2

01

5) Q

trly

Cm

pdg

Deb

t 9

,50

0

0.2

4%

9

.40

% ID

BI B

ank

FD (M

D 1

1-0

4-2

01

5) Q

trly

Cm

pdg

Deb

t 9

,50

0

0.2

4%

9

.4%

IDB

I Ban

k FD

(MD

- 2

9/0

3/2

01

5) Q

trly

Cm

pdg

Deb

t 9

,50

0

0.2

4%

9

.40

% ID

BI B

ank

FD (M

D 1

6-0

3-2

01

5) Q

trly

Cm

pdg

Deb

t 9

,50

0

0.2

4%

9

% ID

BI B

ank

FD (M

D 1

5-0

6-2

01

5) Q

trly

Cm

pdg

Deb

t 9

,50

0

0.2

4%

To

tal

1

,177,7

73

29.7

2%

2

O

ther

s To

tal

2

,785,3

01

70.2

8%

G

ran

d T

ota

l

3,9

63,0

74

100.0

0%

Can

ara

HS

BC

Ori

en

tal B

an

k o

f C

om

merc

e L

ife I

nsu

ran

ce C

om

pan

y Ltd

.st

An

nexu

res

to S

ched

ule

16 f

or

the y

ear

en

ded

31

Marc

h, 2014

An

nexu

re 6

Un

it-L

ink

ed

Dis

clo

sure

s -

Oth

er

Dis

clo

sure

s(J

) In

du

stry

wis

e d

iscl

osu

re o

f In

vest

men

ts w

ith

Exp

osu

re o

f 10%

an

d a

bo

ve s

egre

gate

d a

t sc

rip

leve

lst

Fo

r th

e y

ear

en

ded

31

Marc

h, 2014

Fu

nd

Nam

e : D

isco

nti

nu

ed

Po

licy

Fu

nd

SF

IN C

od

e : U

LIF

01319/0

9/1

1P

OLD

ISC

FN

D136

(` '

000)

Secu

rity

C

ate

go

ryIn

vest

men

t A

mou

ntP

erc

en

tage o

f F

un

dS

.No.

Ind

ust

ry S

ect

or

Inve

stm

ent

FinancialsFinancials

133132

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

IC

ICI B

ank

Ltd

Equi

ty

69

,41

8

4.4

4%

H

DFC

Ban

k Lt

d Eq

uity

6

5,5

90

4

.20

%

H

ous

ing

Dev

elo

pmen

t Fin

ance

Co

rpo

ratio

n Lt

d Eq

uity

3

3,0

61

2

.12

%

In

dusI

nd B

ank

Ltd

Equi

ty

18

,80

4

1.2

0%

K

ota

k M

ahin

dra

Ban

k Lt

d Eq

uity

1

8,6

98

1

.20

%

Y

ES B

ank

Ltd

Equi

ty

17

,21

2

1.1

0%

1

Fi

nanc

ial a

nd in

sura

nce

activ

ities

B

irla

Sun

Life

Cas

h Plu

s - G

row

th -

Dir

ect P

lan

Deb

t 9

,82

6

0.6

3%

R

elia

nce

Liqu

id F

und

- Tre

asur

y Pla

n - D

irec

t Pla

n - G

row

th

Deb

t 9

,82

6

0.6

3%

D

WS

Inst

a C

ash

Plu

s Fun

d - D

irec

t Pla

n - G

row

th

Deb

t 9

,82

4

0.6

3%

R

ural

Ele

ctri

ficat

ion

Co

rp L

td

Equi

ty

9,5

31

0

.61

%

A

xis B

ank

Equi

ty

7,4

78

0

.48

%

ID

FC L

td

Equi

ty

2,5

90

0

.17

%

To

tal

2

71,8

58

17.4

0%

In

fosy

s Ltd

Eq

uity

7

2,7

93

4

.66

%

Ta

ta C

ons

ulta

ncy

Serv

ices

Ltd

Eq

uity

3

7,2

30

2

.38

%

2

C

om

pute

r pro

gram

min

g,

Tech

Mah

indr

a Lt

d Eq

uity

2

1,6

99

1

.39

%

cons

ulta

ncy

and

rela

ted

activ

ities

H

CL

Tech

nolo

gies

Ltd

Eq

uity

1

9,6

07

1

.26

%

W

ipro

Ltd

Eq

uity

5

,98

4

0.3

8%

To

tal

1

57,3

13

10.0

7%

3

O

ther

s To

tal

1

,132,8

14

72.5

2%

G

ran

d T

ota

l

1,5

61,9

85

100.0

0%

Can

ara

HS

BC

Ori

en

tal B

an

k o

f C

om

merc

e L

ife I

nsu

ran

ce C

om

pan

y Ltd

.st

An

nexu

res

to S

ched

ule

16 f

or

the y

ear

en

ded

31

Marc

h, 2014

An

nexu

re 6

Un

it-L

ink

ed

Dis

clo

sure

s -

Oth

er

Dis

clo

sure

s(J

) In

du

stry

wis

e d

iscl

osu

re o

f In

vest

men

ts w

ith

Exp

osu

re o

f 10%

an

d a

bo

ve s

egre

gate

d a

t sc

rip

leve

lst

Fo

r th

e y

ear

en

ded

31

Marc

h, 2014

Fu

nd

Nam

e : N

AV

Gu

ara

nte

e F

un

dS

FIN

Co

de : U

LIF

01215/0

4/1

1N

AV

GF

UN

DS

I136

(` '

000)

Secu

rity

C

ate

go

ryIn

vest

men

t A

mou

ntP

erc

en

tage o

f F

un

dS

.No.

Ind

ust

ry S

ect

or

Inve

stm

ent

H

SBC

Cas

h Fu

nd -

Gro

wth

- D

irec

t D

ebt

15

0,0

46

3

.79

%

9

% U

nio

n B

ank

of I

ndia

FD

(MD

07

-01

-20

15

) Qtr

ly C

mpd

g D

ebt

10

8,9

00

2

.75

%

9

.25

% In

dusl

nd B

ank

FD (M

D 1

1-0

2-2

01

6) Q

tly C

mpd

g D

ebt

68

,60

0

1.7

3%

B

irla

Sun

Life

Cas

h Plu

s - G

row

th -

Dir

ect P

lan

Deb

t 6

0,8

30

1

.53

%

9

.89

% ID

BI B

ank

FD (M

D 2

3-0

3-2

01

5) Q

trly

Cm

pdg

Deb

t 5

0,5

00

1

.27

%

9

.89

% ID

BI B

ank

FD (M

D 2

5-0

3-2

01

5) Q

trly

Cm

pdg

Deb

t 5

0,5

00

1

.27

%

9

.60

% Y

es B

ank

FD (M

D 2

4-1

1-2

01

5) Q

trly

Cm

pdg

Deb

t 5

0,0

00

1

.26

%

9

.50

% K

OTA

K M

AH

IND

RA

BA

NK

FD

(MD

24

-12

-20

14

) Qtr

ly C

mpd

g D

ebt

50

,00

0

1.2

6%

9

.45

% Y

es B

ank

FD (M

D 2

2-0

7-2

01

5) Q

trly

Cm

pdg

Deb

t 5

0,0

00

1

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%

9

.5%

Sta

te B

ank

of T

rava

nco

re F

D (M

D 0

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01

4) Q

trly

Cm

pdg

Deb

t 5

0,0

00

1

.26

%

9

.25

% A

XIS

BA

NK

FD

(MD

25

-07

-20

14

) Qtr

ly C

mpd

g D

ebt

49

,50

0

1.2

5%

9

.30

% A

XIS

BA

NK

FD

(MD

28

-07

-20

14

) Qtr

ly C

mpd

g D

ebt

49

,50

0

1.2

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9

.25

% In

dusl

nd B

ank

FD (M

D 0

5/0

1/2

01

6) Q

tly C

mpd

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ebt

49

,00

0

1.2

4%

9

.75

% C

orp

ora

tion

Ban

k FD

(MD

03

-03

-20

15

) Qrt

ly C

mpd

g.

Deb

t 3

0,0

00

0

.76

%

9

.25

% In

dusl

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ank

FD (M

D 1

5/0

2/2

01

6) Q

tly C

mpd

g D

ebt

29

,40

0

0.7

4%

9

.25

% In

dusl

nd B

ank

FD (M

D 1

2/0

2/2

01

6) Q

tly C

mpd

g.

Deb

t 1

9,6

00

0

.49

%

R

elia

nce

Liqu

id F

und

- Tre

asur

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Deb

t 1

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97

0

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%

9

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% Y

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FD (M

D 2

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4) Q

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Deb

t 9

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0

0.2

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9

.25

% Y

es B

ank

FD (M

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01

4) Q

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FD

D

ebt

9,9

00

0

.25

%

9

.25

% Y

es B

ank

FD (M

D 2

3-0

4-2

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4) Q

trly

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pdg

Deb

t 9

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0

0.2

5%

9

% A

ndhr

a B

ank

FD (M

D 1

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5) Q

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Deb

t 9

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0

0.2

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1

Fi

nanc

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nd in

sura

nce

activ

ities

9

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es B

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FD (M

D 2

4-0

4-2

01

4) Q

trly

Cm

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Deb

t 9

,90

0

0.2

5%

9

.25

% Y

es B

ank

FD (M

D 2

5-0

4-2

01

4) Q

trly

Cm

pdg

Deb

t 9

,90

0

0.2

5%

9

.25

% Y

es B

ank

FD (M

D 2

8-0

4-2

01

4) Q

trly

Cm

pdg

Deb

t 9

,90

0

0.2

5%

9

.40

% ID

BI B

ank

FD

(MD

- 2

1/0

3/2

01

5) Q

trly

Cm

pdg

Deb

t 9

,50

0

0.2

4%

9

.40

% ID

BI B

ank

FD (M

D 1

8-0

4-2

01

5) Q

trly

Cm

pdg

Deb

t 9

,50

0

0.2

4%

9

.40

% ID

BI B

ank

FD (M

D 1

6-0

4-2

01

5) Q

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Cm

pdg

Deb

t 9

,50

0

0.2

4%

9

.40

% ID

BI B

ank

FD (M

D 0

2-0

4-2

01

5) Q

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Deb

t 9

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0

0.2

4%

9

.40

% ID

BI B

ank

FD (M

D 2

0-0

3-2

01

5) Q

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Cm

pdg

Deb

t 9

,50

0

0.2

4%

9

.40

% ID

BI B

ank

FD (M

D 0

3-0

4-2

01

5) Q

trly

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Deb

t 9

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0

0.2

4%

9

.4%

IDB

I Ban

k FD

(MD

- 2

8/0

3/2

01

5) Q

trly

Cm

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Deb

t 9

,50

0

0.2

4%

9

.40

% ID

BI B

ank

FD (M

D 0

4-0

4-2

01

5) Q

trly

Cm

pdg

Deb

t 9

,50

0

0.2

4%

9

.40

% ID

BI B

ank

FD (M

D 1

7-0

4-2

01

5) Q

trly

Cm

pdg

Deb

t 9

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0

0.2

4%

9

.40

% ID

BI B

ank

FD (M

D 0

5-0

4-2

01

5) Q

trly

Cm

pdg

Deb

t 9

,50

0

0.2

4%

9

.40

% ID

BI B

ank

FD (M

D 1

9-0

4-2

01

5) Q

trly

Cm

pdg

Deb

t 9

,50

0

0.2

4%

9

.40

% ID

BI B

ank

FD (M

D 0

9-0

4-2

01

5) Q

trly

Cm

pdg

Deb

t 9

,50

0

0.2

4%

9

.40

% ID

BI B

ank

FD (M

D 2

0-0

4-2

01

5) Q

trly

Cm

pdg

Deb

t 9

,50

0

0.2

4%

9

.40

% ID

BI B

ank

FD (M

D 1

0-0

4-2

01

5) Q

trly

Cm

pdg

Deb

t 9

,50

0

0.2

4%

9

.4%

IDB

I Ban

k FD

(MD

- 2

7/0

3/2

01

5) Q

trly

Cm

pdg

Deb

t 9

,50

0

0.2

4%

9

.40

% ID

BI B

ank

FD (M

D 1

1-0

4-2

01

5) Q

trly

Cm

pdg

Deb

t 9

,50

0

0.2

4%

9

.4%

IDB

I Ban

k FD

(MD

- 2

9/0

3/2

01

5) Q

trly

Cm

pdg

Deb

t 9

,50

0

0.2

4%

9

.40

% ID

BI B

ank

FD (M

D 1

6-0

3-2

01

5) Q

trly

Cm

pdg

Deb

t 9

,50

0

0.2

4%

9

% ID

BI B

ank

FD (M

D 1

5-0

6-2

01

5) Q

trly

Cm

pdg

Deb

t 9

,50

0

0.2

4%

To

tal

1

,177,7

73

29.7

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2

O

ther

s To

tal

2

,785,3

01

70.2

8%

G

ran

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ota

l

3,9

63,0

74

100.0

0%

Can

ara

HS

BC

Ori

en

tal B

an

k o

f C

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ran

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om

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y Ltd

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An

nexu

res

to S

ched

ule

16 f

or

the y

ear

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ded

31

Marc

h, 2014

An

nexu

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31

Marc

h, 2014

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Fu

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IN C

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LIF

01319/0

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.No.

Ind

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stm

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FinancialsFinancials

133132

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Can

ara

HS

BC

Ori

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tal B

an

k o

f C

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merc

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ife I

nsu

ran

ce C

om

pan

y Ltd

.st

An

nexu

res

to S

ched

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16 f

or

the y

ear

en

ded

31

Marc

h, 2014

An

nexu

re 6

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31

Marc

h, 2013

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LIF

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t A

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stm

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9

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NC

D S

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s 89

-B (M

D 0

2/0

5/2

01

5)

Deb

t 1

21

,23

6

2.1

4%

9

.38

% R

ural

Ele

ctri

ficat

ion

Co

rpo

ratio

n Lt

d (M

D 0

6-S

ep-2

01

6)

Deb

t 9

1,3

52

1

.61

%

9

.75

% R

ural

Ele

ctri

ficat

ion

Co

rp. L

td. (

MD

11

-11

-20

21

) D

ebt

75

,50

7

1.3

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9

.63

% P

ow

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inan

ce C

orp

ora

tion

(MD

15

-12

-20

14

) D

ebt

60

,63

6

1.0

7%

9

.00

% P

ow

er F

in C

orp

. Ltd

. NC

D (M

D 1

1/0

3/2

02

8)

Deb

t 6

0,4

99

1

.07

%

8

.90

% S

unda

ram

Fin

ance

Ltd

(MD

13

-09

-20

13

) D

ebt

41

,90

2

0.7

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ID

FC L

td

Equi

ty

34

,61

3

0.6

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8

.30

% B

ajaj

Fin

ance

Ltd

. NC

D (M

D 1

2/0

7/2

01

3)

Deb

t 2

9,9

28

0

.53

%

9

.92

% S

unda

ram

Fin

ance

NC

D (M

D 0

7-S

ep-2

01

5)

Deb

t 2

0,3

13

0

.36

%

1

1.5

0%

Rur

al E

lect

rific

atio

n C

orp

Ltd

(MD

26

-No

v-2

01

3)

Deb

t 2

0,2

97

0

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%

1

O

ther

cre

dit g

rant

ing

9.3

6%

Po

wer

Fin

Co

rp. L

td. N

CD

(MD

01

/08

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) D

ebt

16

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6

0.2

9%

9

.28

% R

ural

Ele

ctri

ficat

ion

Co

rpo

ratio

n Lt

d (M

D 1

5/0

2/2

01

7)

Deb

t 1

5,2

17

0

.27

%

9

.18

% P

ow

er F

in C

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D (M

D 1

5/0

4/2

02

1)

Deb

t 1

3,2

01

0

.23

%

9

.25

% R

ural

Ele

ctri

ficat

ion

Co

rpo

ratio

n Lt

d (M

D 2

7/0

8/2

01

7)

Deb

t 1

0,1

46

0

.18

%

9

.50

% B

ajaj

Fin

ance

Ltd

. N

CD

(MD

11

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18

) D

ebt

10

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6

0.1

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9

.61

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ow

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in C

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D (M

D 2

9/0

6/2

1)

Deb

t 8

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6

0.1

5%

9

.45

% B

ajaj

Fin

ance

Ltd

. NC

D (M

D 0

2/0

7/2

02

0)

Deb

t 8

,11

3

0.1

4%

8

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% P

ow

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inan

ce C

orp

Ltd

(MD

14

-05

-20

15

) D

ebt

6,9

74

0

.12

%

1

0%

Sun

dara

m F

in. L

td. N

CD

(MD

04

/01

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17

) D

ebt

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0

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1

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Rur

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lect

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n C

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D (M

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3)

Deb

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5

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To

tal

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50,8

75

11.4

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IC

ICI B

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Ltd

Equi

ty

20

9,5

94

3

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%

H

DFC

Ban

k Lt

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79

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St

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k o

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91

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ty

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ICIC

I Ban

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10

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).

Deb

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O

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nexu

res

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ched

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16 f

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ear

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ded

31

Marc

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nexu

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31

Marc

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Fu

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men

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Inve

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9

.00

% P

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in C

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. Ltd

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D (M

D 1

1/0

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02

8)

Deb

t 1

86

,53

9

4.5

6%

9

.02

% R

ural

Ele

ctri

ficat

ion

Co

rpo

ratio

n Lt

d (M

D 1

9-N

ov-

20

22

) D

ebt

11

1,0

83

2

.72

%

9

.92

% S

unda

ram

Fin

ance

NC

D (M

D 0

7-S

ep-2

01

5)

Deb

t 1

01

,56

4

2.4

8%

9

.25

% R

ural

Ele

ctri

ficat

ion

Co

rpo

ratio

n Lt

d (M

D 2

7/0

8/2

01

7)

Deb

t 7

1,0

20

1

.74

%

9

.27

% P

ow

er F

inan

ce C

orp

. Ltd

. NC

D (M

D 2

1/0

8/2

01

7)

Deb

t 6

5,9

91

1

.61

%

9

.28

% R

ural

Ele

ctri

ficat

ion

Co

rpo

ratio

n Lt

d (M

D 1

5/0

2/2

01

7)

Deb

t 6

0,8

69

1

.49

%

9

.50

% B

ajaj

Fin

ance

Ltd

. N

CD

(MD

11

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/20

18

) D

ebt

50

,58

2

1.2

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1

O

ther

cre

dit g

rant

ing

9.6

3%

Po

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Fin

ance

Co

rpo

ratio

n (M

D 1

5-1

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01

4)

Deb

t 4

5,4

77

1

.11

%

9

.18

% P

ow

er F

in C

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. Ltd

. NC

D (M

D 1

5/0

4/2

02

1)

Deb

t 3

0,4

64

0

.75

%

9

.36

% P

ow

er F

in C

orp

. Ltd

. NC

D (M

D 0

1/0

8/2

1)

Deb

t 1

7,4

32

0

.43

%

8

.70

% P

ow

er F

inan

ce C

orp

Ltd

(MD

14

-05

-20

15

) D

ebt

16

,93

6

0.4

1%

9

.61

% P

ow

er F

in C

orp

. Ltd

. NC

D (M

D 2

9/0

6/2

1)

Deb

t 1

3,5

14

0

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%

1

1.5

0%

Rur

al E

lect

rific

atio

n C

orp

Ltd

(MD

26

-No

v-2

01

3)

Deb

t 1

0,1

48

0

.25

%

1

0%

Sun

dara

m F

in. L

td. N

CD

(MD

04

/01

/20

17

) D

ebt

7,1

80

0

.18

%

9

.45

% R

ural

Ele

ctri

ficat

ion

Co

rp. L

td. N

CD

(MD

04

/04

/20

13

) D

ebt

4,0

00

0

.10

%

To

tal

7

92,8

00

19.3

9%

9

.57

% L

IC H

ous

ing

Fin.

Ltd

. NC

D (M

D 0

7/0

9/2

01

7)

Deb

t 1

46

,71

3

3.5

9%

0

.00

% H

ous

ing

Dev

elo

pmen

t Fin

ance

Co

rp L

td Z

CB

(MD

10

/01

/20

17

) D

ebt

10

3,4

84

2

.53

%

9

.50

% H

ous

ing

Dev

. Fin

. Co

rp. L

td. N

CD

(MD

13

/08

/20

17

) D

ebt

10

2,3

23

2

.50

%

9

.56

% L

IC H

ous

ing

Fina

nce

Ltd

NC

D (M

D 1

9/0

1/2

01

7)

Deb

t 5

1,1

34

1

.25

%

9

.40

% N

atio

nal H

ous

ing

Ban

k (M

D 1

0-0

1-2

01

5)

Deb

t 4

5,3

40

1

.11

%

2

A

ctiv

ities

of s

peci

aliz

ed in

stitu

tions

9

.62

% L

IC H

ous

ing

Fina

nce

Ltd

NC

D (M

D 3

0/0

4/2

01

5)

Deb

t 4

2,5

60

1

.04

%

gran

ting

cred

it fo

r ho

use

purc

hase

s tha

t 9

.3%

Ho

usin

g D

ev. F

in. C

orp

. Ltd

. NC

D (M

D 0

4/1

0/2

01

7)

Deb

t 3

5,5

82

0

.87

%

also

take

dep

osi

ts

9.5

0%

Ho

usin

g D

ev. F

in. C

orp

. Ltd

. NC

D (M

D 2

3-1

2-2

01

6)

Deb

t 3

1,6

26

0

.77

%

9

.45

% L

IC H

ous

ing

Fina

nce

Ltd

NC

D (M

D 3

0/0

1/2

02

2)

Deb

t 3

0,9

65

0

.76

%

9

.50

% H

ous

ing

Dev

. Fin

. Co

rp. L

td. N

CD

(MD

13

/09

/20

17

) D

ebt

28

,66

0

0.7

0%

0

9.8

0%

LIC

Ho

usin

g Fi

nanc

e Lt

d (M

D 0

9-J

an-2

01

5)

Deb

t 2

3,3

18

0

.57

%

9

.70

% H

ous

ing

Dev

. Fin

. Co

rp. L

td.

NC

D (M

D 0

9/0

2/2

01

6)

Deb

t 1

5,3

14

0

.37

%

9

.7%

ICIC

I Ho

me

Fin.

Co

Ltd

. NC

D (M

D 1

4/0

2/1

4)

Deb

t 1

5,0

91

0

.37

%

To

tal

6

72,1

10

16.4

4%

3

O

ther

s To

tal

2

,624,1

66

64.1

8%

G

ran

d T

ota

l

4,0

89,0

76

100.0

0%

FinancialsFinancials

135134

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Can

ara

HS

BC

Ori

en

tal B

an

k o

f C

om

merc

e L

ife I

nsu

ran

ce C

om

pan

y Ltd

.st

An

nexu

res

to S

ched

ule

16 f

or

the y

ear

en

ded

31

Marc

h, 2014

An

nexu

re 6

Un

it L

ink

ed

Dis

clo

sure

s -

Oth

er

Dis

clo

sure

sIn

du

stry

wis

e d

iscl

osu

re o

f In

vest

men

ts w

ith

Exp

osu

re o

f 10%

an

d a

bo

ve s

egre

gate

d a

t sc

rip

leve

lst

Fo

r th

e y

ear

en

ded

31

Marc

h, 2013

Fu

nd

Nam

e : B

ala

nce

d F

un

dS

FIN

Co

de: U

LIF

00316/0

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8B

LN

CE

DF

UN

D136

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000)

Secu

rity

C

ate

go

ryIn

vest

men

t A

mou

ntP

erc

en

tage o

f F

un

dS

.No.

Ind

ust

ry S

ect

or

Inve

stm

ent

9

.46

% P

ow

er F

inan

ce C

orp

Ltd

NC

D S

erie

s 89

-B (M

D 0

2/0

5/2

01

5)

Deb

t 1

21

,23

6

2.1

4%

9

.38

% R

ural

Ele

ctri

ficat

ion

Co

rpo

ratio

n Lt

d (M

D 0

6-S

ep-2

01

6)

Deb

t 9

1,3

52

1

.61

%

9

.75

% R

ural

Ele

ctri

ficat

ion

Co

rp. L

td. (

MD

11

-11

-20

21

) D

ebt

75

,50

7

1.3

3%

9

.63

% P

ow

er F

inan

ce C

orp

ora

tion

(MD

15

-12

-20

14

) D

ebt

60

,63

6

1.0

7%

9

.00

% P

ow

er F

in C

orp

. Ltd

. NC

D (M

D 1

1/0

3/2

02

8)

Deb

t 6

0,4

99

1

.07

%

8

.90

% S

unda

ram

Fin

ance

Ltd

(MD

13

-09

-20

13

) D

ebt

41

,90

2

0.7

4%

ID

FC L

td

Equi

ty

34

,61

3

0.6

1%

8

.30

% B

ajaj

Fin

ance

Ltd

. NC

D (M

D 1

2/0

7/2

01

3)

Deb

t 2

9,9

28

0

.53

%

9

.92

% S

unda

ram

Fin

ance

NC

D (M

D 0

7-S

ep-2

01

5)

Deb

t 2

0,3

13

0

.36

%

1

1.5

0%

Rur

al E

lect

rific

atio

n C

orp

Ltd

(MD

26

-No

v-2

01

3)

Deb

t 2

0,2

97

0

.36

%

1

O

ther

cre

dit g

rant

ing

9.3

6%

Po

wer

Fin

Co

rp. L

td. N

CD

(MD

01

/08

/21

) D

ebt

16

,40

6

0.2

9%

9

.28

% R

ural

Ele

ctri

ficat

ion

Co

rpo

ratio

n Lt

d (M

D 1

5/0

2/2

01

7)

Deb

t 1

5,2

17

0

.27

%

9

.18

% P

ow

er F

in C

orp

. Ltd

. NC

D (M

D 1

5/0

4/2

02

1)

Deb

t 1

3,2

01

0

.23

%

9

.25

% R

ural

Ele

ctri

ficat

ion

Co

rpo

ratio

n Lt

d (M

D 2

7/0

8/2

01

7)

Deb

t 1

0,1

46

0

.18

%

9

.50

% B

ajaj

Fin

ance

Ltd

. N

CD

(MD

11

/01

/20

18

) D

ebt

10

,11

6

0.1

8%

9

.61

% P

ow

er F

in C

orp

. Ltd

. NC

D (M

D 2

9/0

6/2

1)

Deb

t 8

,31

6

0.1

5%

9

.45

% B

ajaj

Fin

ance

Ltd

. NC

D (M

D 0

2/0

7/2

02

0)

Deb

t 8

,11

3

0.1

4%

8

.70

% P

ow

er F

inan

ce C

orp

Ltd

(MD

14

-05

-20

15

) D

ebt

6,9

74

0

.12

%

1

0%

Sun

dara

m F

in. L

td. N

CD

(MD

04

/01

/20

17

) D

ebt

3,0

77

0

.05

%

1

0.9

0%

Rur

al E

lect

rific

atio

n C

orp

. Ltd

. NC

D (M

D 3

0/0

9/2

01

3)

Deb

t 3

,02

5

0.0

5%

To

tal

6

50,8

75

11.4

9%

IC

ICI B

ank

Ltd

Equi

ty

20

9,5

94

3

.70

%

H

DFC

Ban

k Lt

d Eq

uity

1

79

,68

6

3.1

7%

St

ate

Ban

k o

f Ind

ia

Equi

ty

91

,28

0

1.6

1%

A

xis B

ank

Equi

ty

56

,50

5

1.0

0%

2

M

one

tary

inte

rmed

iatio

n o

f co

mm

erci

al

Ko

tak

Mah

indr

a B

ank

Ltd

Equi

ty

37

,01

7

0.6

5%

bank

s, sa

ving

ban

ks. p

ost

al sa

ving

s ban

k Pu

njab

Nat

iona

l Ban

k Eq

uity

2

4,8

61

0

.44

%

and

disc

oun

t ho

uses

In

dusI

nd B

ank

Ltd

Equi

ty

13

,42

2

0.2

4%

Y

ES B

ank

Ltd

Equi

ty

12

,61

2

0.2

2%

In

dust

rial

Dev

elo

pmen

t Ban

k o

f Ind

ia C

D (M

D 0

6/0

9/2

01

3)

Deb

t 9

,61

3

0.1

7%

B

ank

of B

aro

da

Equi

ty

5,1

63

0

.09

%

1

0%

ICIC

I Ban

k Lt

d. N

CD

(MD

10

/11

/20

17

).

Deb

t 2

,81

5

0.0

5%

To

tal

6

42,5

67

11.3

4%

3

O

ther

s To

tal

4

,371,2

88

77.1

7%

G

ran

d T

ota

l

5,6

64,7

30

100.0

0%

Can

ara

HS

BC

Ori

en

tal B

an

k o

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om

merc

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ife I

nsu

ran

ce C

om

pan

y Ltd

.st

An

nexu

res

to S

ched

ule

16 f

or

the y

ear

en

ded

31

Marc

h, 2014

An

nexu

re 6

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it L

ink

ed

Dis

clo

sure

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Dis

clo

sure

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du

stry

wis

e d

iscl

osu

re o

f In

vest

men

ts w

ith

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osu

re o

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d a

bo

ve s

egre

gate

d a

t sc

rip

leve

lst

Fo

r th

e y

ear

en

ded

31

Marc

h, 2013

Fu

nd

Nam

e : D

eb

t F

un

dS

FIN

Co

de : U

LIF

00409/0

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DE

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Secu

rity

C

ate

go

ryIn

vest

men

t A

mou

ntP

erc

en

tage o

f F

un

dS

.No.

Ind

ust

ry S

ect

or

Inve

stm

ent

9

.00

% P

ow

er F

in C

orp

. Ltd

. NC

D (M

D 1

1/0

3/2

02

8)

Deb

t 1

86

,53

9

4.5

6%

9

.02

% R

ural

Ele

ctri

ficat

ion

Co

rpo

ratio

n Lt

d (M

D 1

9-N

ov-

20

22

) D

ebt

11

1,0

83

2

.72

%

9

.92

% S

unda

ram

Fin

ance

NC

D (M

D 0

7-S

ep-2

01

5)

Deb

t 1

01

,56

4

2.4

8%

9

.25

% R

ural

Ele

ctri

ficat

ion

Co

rpo

ratio

n Lt

d (M

D 2

7/0

8/2

01

7)

Deb

t 7

1,0

20

1

.74

%

9

.27

% P

ow

er F

inan

ce C

orp

. Ltd

. NC

D (M

D 2

1/0

8/2

01

7)

Deb

t 6

5,9

91

1

.61

%

9

.28

% R

ural

Ele

ctri

ficat

ion

Co

rpo

ratio

n Lt

d (M

D 1

5/0

2/2

01

7)

Deb

t 6

0,8

69

1

.49

%

9

.50

% B

ajaj

Fin

ance

Ltd

. N

CD

(MD

11

/01

/20

18

) D

ebt

50

,58

2

1.2

4%

1

O

ther

cre

dit g

rant

ing

9.6

3%

Po

wer

Fin

ance

Co

rpo

ratio

n (M

D 1

5-1

2-2

01

4)

Deb

t 4

5,4

77

1

.11

%

9

.18

% P

ow

er F

in C

orp

. Ltd

. NC

D (M

D 1

5/0

4/2

02

1)

Deb

t 3

0,4

64

0

.75

%

9

.36

% P

ow

er F

in C

orp

. Ltd

. NC

D (M

D 0

1/0

8/2

1)

Deb

t 1

7,4

32

0

.43

%

8

.70

% P

ow

er F

inan

ce C

orp

Ltd

(MD

14

-05

-20

15

) D

ebt

16

,93

6

0.4

1%

9

.61

% P

ow

er F

in C

orp

. Ltd

. NC

D (M

D 2

9/0

6/2

1)

Deb

t 1

3,5

14

0

.33

%

1

1.5

0%

Rur

al E

lect

rific

atio

n C

orp

Ltd

(MD

26

-No

v-2

01

3)

Deb

t 1

0,1

48

0

.25

%

1

0%

Sun

dara

m F

in. L

td. N

CD

(MD

04

/01

/20

17

) D

ebt

7,1

80

0

.18

%

9

.45

% R

ural

Ele

ctri

ficat

ion

Co

rp. L

td. N

CD

(MD

04

/04

/20

13

) D

ebt

4,0

00

0

.10

%

To

tal

7

92,8

00

19.3

9%

9

.57

% L

IC H

ous

ing

Fin.

Ltd

. NC

D (M

D 0

7/0

9/2

01

7)

Deb

t 1

46

,71

3

3.5

9%

0

.00

% H

ous

ing

Dev

elo

pmen

t Fin

ance

Co

rp L

td Z

CB

(MD

10

/01

/20

17

) D

ebt

10

3,4

84

2

.53

%

9

.50

% H

ous

ing

Dev

. Fin

. Co

rp. L

td. N

CD

(MD

13

/08

/20

17

) D

ebt

10

2,3

23

2

.50

%

9

.56

% L

IC H

ous

ing

Fina

nce

Ltd

NC

D (M

D 1

9/0

1/2

01

7)

Deb

t 5

1,1

34

1

.25

%

9

.40

% N

atio

nal H

ous

ing

Ban

k (M

D 1

0-0

1-2

01

5)

Deb

t 4

5,3

40

1

.11

%

2

A

ctiv

ities

of s

peci

aliz

ed in

stitu

tions

9

.62

% L

IC H

ous

ing

Fina

nce

Ltd

NC

D (M

D 3

0/0

4/2

01

5)

Deb

t 4

2,5

60

1

.04

%

gran

ting

cred

it fo

r ho

use

purc

hase

s tha

t 9

.3%

Ho

usin

g D

ev. F

in. C

orp

. Ltd

. NC

D (M

D 0

4/1

0/2

01

7)

Deb

t 3

5,5

82

0

.87

%

also

take

dep

osi

ts

9.5

0%

Ho

usin

g D

ev. F

in. C

orp

. Ltd

. NC

D (M

D 2

3-1

2-2

01

6)

Deb

t 3

1,6

26

0

.77

%

9

.45

% L

IC H

ous

ing

Fina

nce

Ltd

NC

D (M

D 3

0/0

1/2

02

2)

Deb

t 3

0,9

65

0

.76

%

9

.50

% H

ous

ing

Dev

. Fin

. Co

rp. L

td. N

CD

(MD

13

/09

/20

17

) D

ebt

28

,66

0

0.7

0%

0

9.8

0%

LIC

Ho

usin

g Fi

nanc

e Lt

d (M

D 0

9-J

an-2

01

5)

Deb

t 2

3,3

18

0

.57

%

9

.70

% H

ous

ing

Dev

. Fin

. Co

rp. L

td.

NC

D (M

D 0

9/0

2/2

01

6)

Deb

t 1

5,3

14

0

.37

%

9

.7%

ICIC

I Ho

me

Fin.

Co

Ltd

. NC

D (M

D 1

4/0

2/1

4)

Deb

t 1

5,0

91

0

.37

%

To

tal

6

72,1

10

16.4

4%

3

O

ther

s To

tal

2

,624,1

66

64.1

8%

G

ran

d T

ota

l

4,0

89,0

76

100.0

0%

FinancialsFinancials

135134

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Can

ara

HS

BC

Ori

en

tal B

an

k o

f C

om

merc

e L

ife I

nsu

ran

ce C

om

pan

y Ltd

.st

An

nexu

res

to S

ched

ule

16 f

or

the y

ear

en

ded

31

Marc

h, 2014

An

nexu

re 6

Un

it L

ink

ed

Dis

clo

sure

s -

Oth

er

Dis

clo

sure

sIn

du

stry

wis

e d

iscl

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re o

f In

vest

men

ts w

ith

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osu

re o

f 10%

an

d a

bo

ve s

egre

gate

d a

t sc

rip

leve

lst

Fo

r th

e y

ear

en

ded

31

Marc

h, 2013

Fu

nd

Nam

e : E

qu

ity

Fu

nd

SF

IN C

od

e : U

LIF

00116/0

6/0

8E

QU

ITY

FU

ND

136

(` '

000)

Secu

rity

C

ate

go

ryIn

vest

men

t A

mou

ntP

erc

en

tage o

f F

un

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.No.

Ind

ust

ry S

ect

or

Inve

stm

ent

IC

ICI B

ank

Ltd

Equi

ty

94

3,1

39

7

.62

%

H

DFC

Ban

k Lt

d Eq

uity

7

87

,10

9

6.3

6%

St

ate

Ban

k o

f Ind

ia

Equi

ty

42

0,0

90

3

.39

%

A

xis B

ank

Equi

ty

23

4,2

76

1

.89

%

1

M

one

tary

inte

rmed

iatio

n o

f co

mm

erci

al

Ko

tak

Mah

indr

a B

ank

Ltd

Equi

ty

16

9,1

03

1

.37

%

bank

s, sa

ving

ban

ks. p

ost

al sa

ving

s ban

k 7

.5%

Ori

enta

l Ban

k o

f Co

mm

erce

FD

(MD

04

/04

/20

13

) D

ebt

75

,00

0

0.6

1%

and

disc

oun

t ho

uses

Y

ES B

ank

Ltd

Equi

ty

56

,04

6

0.4

5%

In

dusI

nd B

ank

Ltd

Equi

ty

54

,03

0

0.4

4%

Pu

njab

Nat

iona

l Ban

k Eq

uity

4

9,3

77

0

.40

%

B

ank

of B

aro

da

Equi

ty

22

,71

8

0.1

8%

To

tal

2

,810,8

88

22.7

0%

In

fosy

s Ltd

Eq

uity

7

44

,32

5

6.0

1%

2

Pr

ovi

ding

softw

are

supp

ort

and

Ta

ta C

ons

ulta

ncy

Serv

ices

Ltd

Eq

uity

3

97

,69

4

3.2

1%

mai

nten

ance

to th

e cl

ient

s H

CL

Tech

nolo

gies

Ltd

Eq

uity

2

21

,62

1

1.7

9%

Te

ch M

ahin

dra

Ltd

Equi

ty

18

6,2

45

1

.50

%

To

tal

1

,549,8

86

12.5

1%

3

O

ther

s To

tal

8

,024,1

69

64.7

9%

G

ran

d T

ota

l

12,3

84,9

43

100.0

0%

Can

ara

HS

BC

Ori

en

tal B

an

k o

f C

om

merc

e L

ife I

nsu

ran

ce C

om

pan

y Ltd

.st

An

nexu

res

to S

ched

ule

16 f

or

the y

ear

en

ded

31

Marc

h, 2014

An

nexu

re 6

Un

it L

ink

ed

Dis

clo

sure

s -

Oth

er

Dis

clo

sure

sIn

du

stry

wis

e d

iscl

osu

re o

f In

vest

men

ts w

ith

Exp

osu

re o

f 10%

an

d a

bo

ve s

egre

gate

d a

t sc

rip

leve

lst

Fo

r th

e y

ear

en

ded

31

Marc

h, 2013

Fu

nd

Nam

e : G

row

th F

un

dS

FIN

Co

de : U

LIF

00216/0

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8G

RO

WT

HF

UN

D136

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000)

Secu

rity

C

ate

go

ryIn

vest

men

t A

mou

ntP

erc

en

tage o

f F

un

dS

.No.

Ind

ust

ry S

ect

or

Inve

stm

ent

IC

ICI B

ank

Ltd

Equi

ty

14

4,7

04

6

.12

%

H

DFC

Ban

k Lt

d Eq

uity

1

20

,13

3

5.0

8%

St

ate

Ban

k o

f Ind

ia

Equi

ty

77

,12

3

3.2

6%

1

M

one

tary

inte

rmed

iatio

n o

f co

mm

erci

al

Axi

s Ban

k Eq

uity

3

7,3

90

1

.58

%

bank

s, sa

ving

ban

ks. p

ost

al sa

ving

s ban

k K

ota

k M

ahin

dra

Ban

k Lt

d Eq

uity

2

7,5

03

1

.16

%

and

disc

oun

t ho

uses

Pu

njab

Nat

iona

l Ban

k Eq

uity

9

,41

0

0.4

0%

In

dusI

nd B

ank

Ltd

Equi

ty

5,6

34

0

.24

%

B

ank

of B

aro

da

Equi

ty

3,4

29

0

.15

%

To

tal

4

25,3

26

17.9

9%

2

Pr

ovi

ding

softw

are

supp

ort

and

In

fosy

s Ltd

Eq

uity

1

29

,07

9

5.4

6%

mai

nten

ance

to th

e cl

ient

s Ta

ta C

ons

ulta

ncy

Serv

ices

Ltd

Eq

uity

8

3,0

45

3

.51

%

H

CL

Tech

nolo

gies

Ltd

Eq

uity

4

4,1

26

1

.87

%

To

tal

2

56,2

50

10.8

4%

3

O

ther

s To

tal

1

,683,2

40

71.1

8%

G

ran

d T

ota

l

2,3

64,8

16

100.0

0%

FinancialsFinancials

137136

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Can

ara

HS

BC

Ori

en

tal B

an

k o

f C

om

merc

e L

ife I

nsu

ran

ce C

om

pan

y Ltd

.st

An

nexu

res

to S

ched

ule

16 f

or

the y

ear

en

ded

31

Marc

h, 2014

An

nexu

re 6

Un

it L

ink

ed

Dis

clo

sure

s -

Oth

er

Dis

clo

sure

sIn

du

stry

wis

e d

iscl

osu

re o

f In

vest

men

ts w

ith

Exp

osu

re o

f 10%

an

d a

bo

ve s

egre

gate

d a

t sc

rip

leve

lst

Fo

r th

e y

ear

en

ded

31

Marc

h, 2013

Fu

nd

Nam

e : E

qu

ity

Fu

nd

SF

IN C

od

e : U

LIF

00116/0

6/0

8E

QU

ITY

FU

ND

136

(` '

000)

Secu

rity

C

ate

go

ryIn

vest

men

t A

mou

ntP

erc

en

tage o

f F

un

dS

.No.

Ind

ust

ry S

ect

or

Inve

stm

ent

IC

ICI B

ank

Ltd

Equi

ty

94

3,1

39

7

.62

%

H

DFC

Ban

k Lt

d Eq

uity

7

87

,10

9

6.3

6%

St

ate

Ban

k o

f Ind

ia

Equi

ty

42

0,0

90

3

.39

%

A

xis B

ank

Equi

ty

23

4,2

76

1

.89

%

1

M

one

tary

inte

rmed

iatio

n o

f co

mm

erci

al

Ko

tak

Mah

indr

a B

ank

Ltd

Equi

ty

16

9,1

03

1

.37

%

bank

s, sa

ving

ban

ks. p

ost

al sa

ving

s ban

k 7

.5%

Ori

enta

l Ban

k o

f Co

mm

erce

FD

(MD

04

/04

/20

13

) D

ebt

75

,00

0

0.6

1%

and

disc

oun

t ho

uses

Y

ES B

ank

Ltd

Equi

ty

56

,04

6

0.4

5%

In

dusI

nd B

ank

Ltd

Equi

ty

54

,03

0

0.4

4%

Pu

njab

Nat

iona

l Ban

k Eq

uity

4

9,3

77

0

.40

%

B

ank

of B

aro

da

Equi

ty

22

,71

8

0.1

8%

To

tal

2

,810,8

88

22.7

0%

In

fosy

s Ltd

Eq

uity

7

44

,32

5

6.0

1%

2

Pr

ovi

ding

softw

are

supp

ort

and

Ta

ta C

ons

ulta

ncy

Serv

ices

Ltd

Eq

uity

3

97

,69

4

3.2

1%

mai

nten

ance

to th

e cl

ient

s H

CL

Tech

nolo

gies

Ltd

Eq

uity

2

21

,62

1

1.7

9%

Te

ch M

ahin

dra

Ltd

Equi

ty

18

6,2

45

1

.50

%

To

tal

1

,549,8

86

12.5

1%

3

O

ther

s To

tal

8

,024,1

69

64.7

9%

G

ran

d T

ota

l

12,3

84,9

43

100.0

0%

Can

ara

HS

BC

Ori

en

tal B

an

k o

f C

om

merc

e L

ife I

nsu

ran

ce C

om

pan

y Ltd

.st

An

nexu

res

to S

ched

ule

16 f

or

the y

ear

en

ded

31

Marc

h, 2014

An

nexu

re 6

Un

it L

ink

ed

Dis

clo

sure

s -

Oth

er

Dis

clo

sure

sIn

du

stry

wis

e d

iscl

osu

re o

f In

vest

men

ts w

ith

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osu

re o

f 10%

an

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ve s

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gate

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t sc

rip

leve

lst

Fo

r th

e y

ear

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ded

31

Marc

h, 2013

Fu

nd

Nam

e : G

row

th F

un

dS

FIN

Co

de : U

LIF

00216/0

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rity

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ate

go

ryIn

vest

men

t A

mou

ntP

erc

en

tage o

f F

un

dS

.No.

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ust

ry S

ect

or

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stm

ent

IC

ICI B

ank

Ltd

Equi

ty

14

4,7

04

6

.12

%

H

DFC

Ban

k Lt

d Eq

uity

1

20

,13

3

5.0

8%

St

ate

Ban

k o

f Ind

ia

Equi

ty

77

,12

3

3.2

6%

1

M

one

tary

inte

rmed

iatio

n o

f co

mm

erci

al

Axi

s Ban

k Eq

uity

3

7,3

90

1

.58

%

bank

s, sa

ving

ban

ks. p

ost

al sa

ving

s ban

k K

ota

k M

ahin

dra

Ban

k Lt

d Eq

uity

2

7,5

03

1

.16

%

and

disc

oun

t ho

uses

Pu

njab

Nat

iona

l Ban

k Eq

uity

9

,41

0

0.4

0%

In

dusI

nd B

ank

Ltd

Equi

ty

5,6

34

0

.24

%

B

ank

of B

aro

da

Equi

ty

3,4

29

0

.15

%

To

tal

4

25,3

26

17.9

9%

2

Pr

ovi

ding

softw

are

supp

ort

and

In

fosy

s Ltd

Eq

uity

1

29

,07

9

5.4

6%

mai

nten

ance

to th

e cl

ient

s Ta

ta C

ons

ulta

ncy

Serv

ices

Ltd

Eq

uity

8

3,0

45

3

.51

%

H

CL

Tech

nolo

gies

Ltd

Eq

uity

4

4,1

26

1

.87

%

To

tal

2

56,2

50

10.8

4%

3

O

ther

s To

tal

1

,683,2

40

71.1

8%

G

ran

d T

ota

l

2,3

64,8

16

100.0

0%

FinancialsFinancials

137136

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Can

ara

HS

BC

Ori

en

tal B

an

k o

f C

om

merc

e L

ife I

nsu

ran

ce C

om

pan

y Ltd

.st

An

nexu

res

to S

ched

ule

16 f

or

the y

ear

en

ded

31

Marc

h, 2014

An

nexu

re 6

Un

it L

ink

ed

Dis

clo

sure

s -

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er

Dis

clo

sure

sIn

du

stry

wis

e d

iscl

osu

re o

f In

vest

men

ts w

ith

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re o

f 10%

an

d a

bo

ve s

egre

gate

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t sc

rip

leve

lst

Fo

r th

e y

ear

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ded

31

Marc

h, 2013

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nd

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e : L

iqu

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un

dS

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de : U

LIF

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136

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rity

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ate

go

ryIn

vest

men

t A

mou

ntP

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en

tage o

f F

un

dS

.No.

Ind

ust

ry S

ect

or

Inve

stm

ent

9

.25

% K

OTA

K M

AH

IND

RA

BA

NK

FD

(MD

29

-04

-20

14

) Qtr

ly C

mpd

g D

ebt

30

,00

0

7.8

3%

9

.5%

BA

NK

of I

ND

IA F

D (M

D 2

6/0

3/1

4) Q

tly C

mpd

g D

ebt

30

,00

0

7.8

3%

0

9.5

0%

UC

O B

ank

FD (M

D 0

9-0

4-2

01

3) Q

trly

Cm

pdg

Deb

t 2

5,0

00

6

.53

%

9

.80

% A

xis B

ank

FD (M

D 1

2/0

8/2

01

3) Q

trly

Cm

pdg

Deb

t 2

5,0

00

6

.53

%

9

.25

% C

orp

ora

tion

Ban

k FD

(MD

13

-03

-20

14

) Qrt

ly C

mpd

g D

ebt

20

,00

0

5.2

2%

9

.40

% A

ndhr

a B

ank

FD (M

D 1

0-0

7-2

01

4) Q

trly

Cm

pdg

Deb

t 2

0,0

00

5

.22

%

IC

ICI B

ank

CD

(MD

27

/08

//2

01

3)

Deb

t 1

9,2

63

5

.03

%

9

.5%

Alla

haba

d B

ank

FD (M

D 0

9-0

6-2

01

4) Q

trly

Cm

pdg

Deb

t 1

5,0

00

3

.92

%

9

% O

BC

Ban

k FD

(MD

10

/12

/20

13

) Qtr

ly C

mpd

g D

ebt

12

,11

2

3.1

6%

9

.26

% ID

BI B

ank

FD (M

D 0

9-0

8-2

01

3) Q

trly

Cm

pdg

Deb

t 1

0,1

00

2

.64

%

9

.30

% A

ndhr

a B

ank

FD (M

D 2

7-0

3-2

01

5) Q

trly

Cm

pdg

Deb

t 1

0,1

00

2

.64

%

1

M

one

tary

inte

rmed

iatio

n o

f co

mm

erci

al

9.4

1%

IDB

I Ban

k FD

(MD

29

/07

/20

13

) Qtr

ly C

mpd

g D

ebt

10

,10

0

2.6

4%

bank

s, sa

ving

ban

ks. p

ost

al sa

ving

s ban

k 9

.5%

Alla

haba

d B

ank

FD (M

D 1

0-0

6-2

01

4) Q

trly

Cm

pdg

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t 1

0,0

00

2

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%

and

disc

oun

t ho

uses

9

.5%

Co

rpo

ratio

n B

ank

FD (M

D 1

2-0

6-2

01

3) Q

trly

Cm

pdg

Deb

t 1

0,0

00

2

.61

%

9

.50

% S

tate

Ban

k O

F H

yder

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FD

(MD

25

/01

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14

) Qtly

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pdg

Deb

t 1

0,0

00

2

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%

9

.25

% H

DFC

Ban

k FD

(MD

27

-09

-20

13

) Qtr

ly C

mpd

g D

ebt

9,9

00

2

.58

%

9

.25

% P

unja

b an

d Si

nd B

ank

FD (M

D2

5/0

5/2

01

4) Q

trly

Co

mpo

undi

ng

Deb

t 9

,90

0

2.5

8%

9

.25

% Y

es B

ank

FD (M

D 2

1-0

4-2

01

4) Q

trly

Cm

pdg

Deb

t 9

,90

0

2.5

8%

9

% S

tate

Ban

k o

f Pat

iala

FD

(MD

10

/05

/20

14

) Qtly

Cm

pdg

Deb

t 9

,90

0

2.5

8%

9

.25

% ID

BI B

ank

FD (M

D 1

8-0

9-2

01

4) Q

trly

Cm

pdg

Deb

t 9

,50

0

2.4

8%

9

% S

tate

Ban

k o

f Pat

iala

FD

(MD

18

/05

/20

14

) Qtly

Cm

pdg

Deb

t 9

,00

0

2.3

5%

9

.10

% U

CO

Ban

k FD

(03

-01

-20

14

) Qtr

ly C

mpd

g D

ebt

5,0

00

1

.31

%

9

% O

BC

Ban

k FD

(MD

21

-10

-20

13

) Qtr

ly C

mpd

g D

ebt

4,4

00

1

.15

%

8

.85

% S

tate

Ban

k o

f Tra

vanc

ore

FD

(MD

13

-11

-20

13

) Qrt

ly C

mpd

g D

ebt

3,9

79

1

.04

%

To

tal

3

28,1

55

85.6

8%

2

O

ther

s To

tal

5

4,8

41

14.3

2%

G

ran

d T

ota

l

382,9

95

100.0

0%

Can

ara

HS

BC

Ori

en

tal B

an

k o

f C

om

merc

e L

ife I

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ran

ce C

om

pan

y Ltd

.st

An

nexu

res

to S

ched

ule

16 f

or

the y

ear

en

ded

31

Marc

h, 2014

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nexu

re 6

Un

it L

ink

ed

Dis

clo

sure

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Dis

clo

sure

sIn

du

stry

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e d

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re o

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ts w

ith

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re o

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d a

bo

ve s

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gate

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t sc

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Fo

r th

e y

ear

en

ded

31

Marc

h, 2013

Fu

nd

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qu

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un

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FIN

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LIF

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mou

ntP

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en

tage o

f F

un

dS

.No.

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ust

ry S

ect

or

Inve

stm

ent

IC

ICI B

ank

Ltd

Equi

ty

78

5,5

83

7

.49

%

H

DFC

Ban

k Lt

d Eq

uity

6

58

,26

5

6.2

7%

St

ate

Ban

k o

f Ind

ia

Equi

ty

34

9,9

13

3

.33

%

A

xis B

ank

Equi

ty

19

5,9

41

1

.87

%

1

M

one

tary

inte

rmed

iatio

n o

f co

mm

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al

Ko

tak

Mah

indr

a B

ank

Ltd

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ty

14

0,8

54

1

.34

%

bank

s, sa

ving

ban

ks. p

ost

al sa

ving

s ban

k 7

.5%

Ori

enta

l Ban

k o

f Co

mm

erce

FD

(MD

04

/04

/20

13

) D

ebt

75

,00

0

0.7

1%

and

disc

oun

t ho

uses

Y

ES B

ank

Ltd

Equi

ty

46

,68

4

0.4

4%

In

dusI

nd B

ank

Ltd

Equi

ty

45

,18

6

0.4

3%

Pu

njab

Nat

iona

l Ban

k Eq

uity

4

1,4

08

0

.39

%

B

ank

of B

aro

da

Equi

ty

18

,92

3

0.1

8%

To

tal

2

,357,7

57

22.4

7%

In

fosy

s Ltd

Eq

uity

6

20

,01

7

5.9

1%

2

Pr

ovi

ding

softw

are

supp

ort

and

Ta

ta C

ons

ulta

ncy

Serv

ices

Ltd

Eq

uity

3

31

,27

6

3.1

6%

mai

nten

ance

to th

e cl

ient

s H

CL

Tech

nolo

gies

Ltd

Eq

uity

1

85

,21

9

1.7

7%

Te

ch M

ahin

dra

Ltd

Equi

ty

15

5,9

21

1

.49

%

To

tal

1

,292,4

34

12.3

2%

3

O

ther

s To

tal

6

,842,3

18

65.2

1%

G

ran

d T

ota

l

10,4

92,5

08

100.0

0%

FinancialsFinancials

139138

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Can

ara

HS

BC

Ori

en

tal B

an

k o

f C

om

merc

e L

ife I

nsu

ran

ce C

om

pan

y Ltd

.st

An

nexu

res

to S

ched

ule

16 f

or

the y

ear

en

ded

31

Marc

h, 2014

An

nexu

re 6

Un

it L

ink

ed

Dis

clo

sure

s -

Oth

er

Dis

clo

sure

sIn

du

stry

wis

e d

iscl

osu

re o

f In

vest

men

ts w

ith

Exp

osu

re o

f 10%

an

d a

bo

ve s

egre

gate

d a

t sc

rip

leve

lst

Fo

r th

e y

ear

en

ded

31

Marc

h, 2013

Fu

nd

Nam

e : L

iqu

id F

un

dS

FIN

Co

de : U

LIF

00514/0

7/0

8LIQ

UID

FU

ND

136

(` '

000)

Secu

rity

C

ate

go

ryIn

vest

men

t A

mou

ntP

erc

en

tage o

f F

un

dS

.No.

Ind

ust

ry S

ect

or

Inve

stm

ent

9

.25

% K

OTA

K M

AH

IND

RA

BA

NK

FD

(MD

29

-04

-20

14

) Qtr

ly C

mpd

g D

ebt

30

,00

0

7.8

3%

9

.5%

BA

NK

of I

ND

IA F

D (M

D 2

6/0

3/1

4) Q

tly C

mpd

g D

ebt

30

,00

0

7.8

3%

0

9.5

0%

UC

O B

ank

FD (M

D 0

9-0

4-2

01

3) Q

trly

Cm

pdg

Deb

t 2

5,0

00

6

.53

%

9

.80

% A

xis B

ank

FD (M

D 1

2/0

8/2

01

3) Q

trly

Cm

pdg

Deb

t 2

5,0

00

6

.53

%

9

.25

% C

orp

ora

tion

Ban

k FD

(MD

13

-03

-20

14

) Qrt

ly C

mpd

g D

ebt

20

,00

0

5.2

2%

9

.40

% A

ndhr

a B

ank

FD (M

D 1

0-0

7-2

01

4) Q

trly

Cm

pdg

Deb

t 2

0,0

00

5

.22

%

IC

ICI B

ank

CD

(MD

27

/08

//2

01

3)

Deb

t 1

9,2

63

5

.03

%

9

.5%

Alla

haba

d B

ank

FD (M

D 0

9-0

6-2

01

4) Q

trly

Cm

pdg

Deb

t 1

5,0

00

3

.92

%

9

% O

BC

Ban

k FD

(MD

10

/12

/20

13

) Qtr

ly C

mpd

g D

ebt

12

,11

2

3.1

6%

9

.26

% ID

BI B

ank

FD (M

D 0

9-0

8-2

01

3) Q

trly

Cm

pdg

Deb

t 1

0,1

00

2

.64

%

9

.30

% A

ndhr

a B

ank

FD (M

D 2

7-0

3-2

01

5) Q

trly

Cm

pdg

Deb

t 1

0,1

00

2

.64

%

1

M

one

tary

inte

rmed

iatio

n o

f co

mm

erci

al

9.4

1%

IDB

I Ban

k FD

(MD

29

/07

/20

13

) Qtr

ly C

mpd

g D

ebt

10

,10

0

2.6

4%

bank

s, sa

ving

ban

ks. p

ost

al sa

ving

s ban

k 9

.5%

Alla

haba

d B

ank

FD (M

D 1

0-0

6-2

01

4) Q

trly

Cm

pdg

Deb

t 1

0,0

00

2

.61

%

and

disc

oun

t ho

uses

9

.5%

Co

rpo

ratio

n B

ank

FD (M

D 1

2-0

6-2

01

3) Q

trly

Cm

pdg

Deb

t 1

0,0

00

2

.61

%

9

.50

% S

tate

Ban

k O

F H

yder

abad

FD

(MD

25

/01

/20

14

) Qtly

Cm

pdg

Deb

t 1

0,0

00

2

.61

%

9

.25

% H

DFC

Ban

k FD

(MD

27

-09

-20

13

) Qtr

ly C

mpd

g D

ebt

9,9

00

2

.58

%

9

.25

% P

unja

b an

d Si

nd B

ank

FD (M

D2

5/0

5/2

01

4) Q

trly

Co

mpo

undi

ng

Deb

t 9

,90

0

2.5

8%

9

.25

% Y

es B

ank

FD (M

D 2

1-0

4-2

01

4) Q

trly

Cm

pdg

Deb

t 9

,90

0

2.5

8%

9

% S

tate

Ban

k o

f Pat

iala

FD

(MD

10

/05

/20

14

) Qtly

Cm

pdg

Deb

t 9

,90

0

2.5

8%

9

.25

% ID

BI B

ank

FD (M

D 1

8-0

9-2

01

4) Q

trly

Cm

pdg

Deb

t 9

,50

0

2.4

8%

9

% S

tate

Ban

k o

f Pat

iala

FD

(MD

18

/05

/20

14

) Qtly

Cm

pdg

Deb

t 9

,00

0

2.3

5%

9

.10

% U

CO

Ban

k FD

(03

-01

-20

14

) Qtr

ly C

mpd

g D

ebt

5,0

00

1

.31

%

9

% O

BC

Ban

k FD

(MD

21

-10

-20

13

) Qtr

ly C

mpd

g D

ebt

4,4

00

1

.15

%

8

.85

% S

tate

Ban

k o

f Tra

vanc

ore

FD

(MD

13

-11

-20

13

) Qrt

ly C

mpd

g D

ebt

3,9

79

1

.04

%

To

tal

3

28,1

55

85.6

8%

2

O

ther

s To

tal

5

4,8

41

14.3

2%

G

ran

d T

ota

l

382,9

95

100.0

0%

Can

ara

HS

BC

Ori

en

tal B

an

k o

f C

om

merc

e L

ife I

nsu

ran

ce C

om

pan

y Ltd

.st

An

nexu

res

to S

ched

ule

16 f

or

the y

ear

en

ded

31

Marc

h, 2014

An

nexu

re 6

Un

it L

ink

ed

Dis

clo

sure

s -

Oth

er

Dis

clo

sure

sIn

du

stry

wis

e d

iscl

osu

re o

f In

vest

men

ts w

ith

Exp

osu

re o

f 10%

an

d a

bo

ve s

egre

gate

d a

t sc

rip

leve

lst

Fo

r th

e y

ear

en

ded

31

Marc

h, 2013

Fu

nd

Nam

e : E

qu

ity-

II F

un

dS

FIN

Co

de : U

LIF

00607/0

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QU

TY

IIF

ND

136

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000)

Secu

rity

C

ate

go

ryIn

vest

men

t A

mou

ntP

erc

en

tage o

f F

un

dS

.No.

Ind

ust

ry S

ect

or

Inve

stm

ent

IC

ICI B

ank

Ltd

Equi

ty

78

5,5

83

7

.49

%

H

DFC

Ban

k Lt

d Eq

uity

6

58

,26

5

6.2

7%

St

ate

Ban

k o

f Ind

ia

Equi

ty

34

9,9

13

3

.33

%

A

xis B

ank

Equi

ty

19

5,9

41

1

.87

%

1

M

one

tary

inte

rmed

iatio

n o

f co

mm

erci

al

Ko

tak

Mah

indr

a B

ank

Ltd

Equi

ty

14

0,8

54

1

.34

%

bank

s, sa

ving

ban

ks. p

ost

al sa

ving

s ban

k 7

.5%

Ori

enta

l Ban

k o

f Co

mm

erce

FD

(MD

04

/04

/20

13

) D

ebt

75

,00

0

0.7

1%

and

disc

oun

t ho

uses

Y

ES B

ank

Ltd

Equi

ty

46

,68

4

0.4

4%

In

dusI

nd B

ank

Ltd

Equi

ty

45

,18

6

0.4

3%

Pu

njab

Nat

iona

l Ban

k Eq

uity

4

1,4

08

0

.39

%

B

ank

of B

aro

da

Equi

ty

18

,92

3

0.1

8%

To

tal

2

,357,7

57

22.4

7%

In

fosy

s Ltd

Eq

uity

6

20

,01

7

5.9

1%

2

Pr

ovi

ding

softw

are

supp

ort

and

Ta

ta C

ons

ulta

ncy

Serv

ices

Ltd

Eq

uity

3

31

,27

6

3.1

6%

mai

nten

ance

to th

e cl

ient

s H

CL

Tech

nolo

gies

Ltd

Eq

uity

1

85

,21

9

1.7

7%

Te

ch M

ahin

dra

Ltd

Equi

ty

15

5,9

21

1

.49

%

To

tal

1

,292,4

34

12.3

2%

3

O

ther

s To

tal

6

,842,3

18

65.2

1%

G

ran

d T

ota

l

10,4

92,5

08

100.0

0%

FinancialsFinancials

139138

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Can

ara

HS

BC

Ori

en

tal B

an

k o

f C

om

merc

e L

ife I

nsu

ran

ce C

om

pan

y Ltd

.st

An

nexu

res

to S

ched

ule

16 f

or

the y

ear

en

ded

31

Marc

h, 2014

An

nexu

re 6

Un

it L

ink

ed

Dis

clo

sure

s -

Oth

er

Dis

clo

sure

sIn

du

stry

wis

e d

iscl

osu

re o

f In

vest

men

ts w

ith

Exp

osu

re o

f 10%

an

d a

bo

ve s

egre

gate

d a

t sc

rip

leve

lst

Fo

r th

e y

ear

en

ded

31

Marc

h, 2013

Fu

nd

Nam

e : G

row

th-I

I F

un

dS

FIN

Co

de : U

LIF

00707/0

1/1

0G

RO

WT

IIF

ND

136

(` '

000)

Secu

rity

C

ate

go

ryIn

vest

men

t A

mou

ntP

erc

en

tage o

f F

un

dS

.No.

Ind

ust

ry S

ect

or

Inve

stm

ent

IC

ICI B

ank

Ltd

Equi

ty

85

,03

5

6.1

2%

H

DFC

Ban

k Lt

d Eq

uity

7

0,5

96

5

.08

%

St

ate

Ban

k o

f Ind

ia

Equi

ty

45

,32

1

3.2

6%

1

M

one

tary

inte

rmed

iatio

n o

f co

mm

erci

al

Axi

s Ban

k Eq

uity

2

1,9

71

1

.58

%

bank

s, sa

ving

ban

ks. p

ost

al sa

ving

s ban

k K

ota

k M

ahin

dra

Ban

k Lt

d Eq

uity

1

6,1

62

1

.16

%

and

disc

oun

t ho

uses

Pu

njab

Nat

iona

l Ban

k Eq

uity

5

,51

8

0.4

0%

In

dusI

nd B

ank

Ltd

Equi

ty

3,3

11

0

.24

%

B

ank

of B

aro

da

Equi

ty

2,0

15

0

.14

%

To

tal

2

49,9

29

17.9

8%

2

Pr

ovi

ding

softw

are

supp

ort

and

In

fosy

s Ltd

Eq

uity

7

5,8

54

5

.46

%

mai

nten

ance

to th

e cl

ient

s Ta

ta C

ons

ulta

ncy

Serv

ices

Ltd

Eq

uity

4

8,8

01

3

.51

%

H

CL

Tech

nolo

gies

Ltd

Eq

uity

2

5,9

31

1

.87

%

To

tal

1

50,5

86

10.8

3%

3

O

ther

s To

tal

9

89,8

45

71.1

9%

G

ran

d T

ota

l

1,3

90,3

60

100.0

0%

Can

ara

HS

BC

Ori

en

tal B

an

k o

f C

om

merc

e L

ife I

nsu

ran

ce C

om

pan

y Ltd

.st

An

nexu

res

to S

ched

ule

16 f

or

the y

ear

en

ded

31

Marc

h, 2014

An

nexu

re 6

Un

it L

ink

ed

Dis

clo

sure

s -

Oth

er

Dis

clo

sure

sIn

du

stry

wis

e d

iscl

osu

re o

f In

vest

men

ts w

ith

Exp

osu

re o

f 10%

an

d a

bo

ve s

egre

gate

d a

t sc

rip

leve

lst

Fo

r th

e y

ear

en

ded

31

Marc

h, 2013

Fu

nd

Nam

e : B

ala

nce

d-I

I F

un

dS

FIN

Co

de : U

LIF

00807/0

1/1

0B

LN

CD

IIF

ND

136

(` '

000)

Secu

rity

C

ate

go

ryIn

vest

men

t A

mou

ntP

erc

en

tage o

f F

un

dS

.No.

Ind

ust

ry S

ect

or

Inve

stm

ent

9

.00

% P

ow

er F

in C

orp

. Ltd

. NC

D (M

D 1

1/0

3/2

02

8)

Deb

t 1

31

,08

2

3.0

6%

9

.46

% P

ow

er F

inan

ce C

orp

Ltd

NC

D S

erie

s 89

-B (M

D 0

2/0

5/2

01

5)

Deb

t 7

0,7

21

1

.65

%

8

.90

% S

unda

ram

Fin

ance

Ltd

(MD

13

-09

-20

13

) D

ebt

46

,89

0

1.0

9%

8

.7%

Po

wer

Fin

Co

rp. L

td. N

CD

(MD

14

/5/2

02

0)

Deb

t 4

6,6

44

1

.09

%

9

.63

% P

ow

er F

inan

ce C

orp

ora

tion

(MD

15

-12

-20

14

) D

ebt

35

,37

1

0.8

2%

9

.18

% P

ow

er F

in C

orp

. Ltd

. NC

D (M

D 1

5/0

4/2

02

1)

Deb

t 3

0,4

64

0

.71

%

9

.02

% R

ural

Ele

ctri

ficat

ion

Co

rpo

ratio

n Lt

d (M

D 1

9-N

ov-

20

22

) D

ebt

30

,29

5

0.7

1%

ID

FC L

td

Equi

ty

26

,15

8

0.6

1%

9

.75

% R

ural

Ele

ctri

ficat

ion

Co

rp. L

td. (

MD

11

-11

-20

21

) D

ebt

25

,16

9

0.5

9%

1

O

ther

cre

dit g

rant

ing

11

.50

% R

ural

Ele

ctri

ficat

ion

Co

rp L

td (M

D 2

6-N

ov-

20

13

) D

ebt

20

,29

7

0.4

7%

8

.30

% B

ajaj

Fin

ance

Ltd

. NC

D (M

D 1

2/0

7/2

01

3)

Deb

t 1

9,9

52

0

.47

%

9

.61

% P

ow

er F

in C

orp

. Ltd

. NC

D (M

D 2

9/0

6/2

1)

Deb

t 1

8,7

11

0

.44

%

9

.28

% R

ural

Ele

ctri

ficat

ion

Co

rpo

ratio

n Lt

d (M

D 1

5/0

2/2

01

7)

Deb

t 1

5,2

17

0

.35

%

9

.36

% P

ow

er F

in C

orp

. Ltd

. NC

D (M

D 0

1/0

8/2

1)

Deb

t 1

2,3

05

0

.29

%

8

.70

% P

ow

er F

inan

ce C

orp

Ltd

(MD

14

-05

-20

15

) D

ebt

11

,95

5

0.2

8%

9

.92

% S

unda

ram

Fin

ance

NC

D (M

D 0

7-S

ep-2

01

5)

Deb

t 1

0,1

56

0

.24

%

9

.25

% R

ural

Ele

ctri

ficat

ion

Co

rpo

ratio

n Lt

d (M

D 2

7/0

8/2

01

7)

Deb

t 1

0,1

46

0

.24

%

9

.50

% B

ajaj

Fin

ance

Ltd

. N

CD

(MD

11

/01

/20

18

) D

ebt

10

,11

6

0.2

4%

1

0.2

0%

Sun

dara

m F

inan

ce N

CD

(MD

21

-Jul

-20

14

) D

ebt

1,0

12

0

.02

%

9

.45

% R

ural

Ele

ctri

ficat

ion

Co

rp. L

td. N

CD

(MD

04

/04

/20

13

) D

ebt

1,0

00

0

.02

%

To

tal

5

73,6

62

13.3

7%

IC

ICI B

ank

Ltd

Equi

ty

15

8,3

97

3

.69

%

H

DFC

Ban

k Lt

d Eq

uity

1

35

,79

4

3.1

7%

St

ate

Ban

k o

f Ind

ia

Equi

ty

68

,98

3

1.6

1%

A

xis B

ank

Equi

ty

42

,70

3

1.0

0%

2

M

one

tary

inte

rmed

iatio

n o

f co

mm

erci

al

Ko

tak

Mah

indr

a B

ank

Ltd

Equi

ty

27

,97

5

0.6

5%

bank

s, sa

ving

ban

ks. p

ost

al sa

ving

s ban

k Pu

njab

Nat

iona

l Ban

k Eq

uity

1

8,8

02

0

.44

%

and

disc

oun

t ho

uses

In

dusI

nd B

ank

Ltd

Equi

ty

10

,14

3

0.2

4%

In

dust

rial

Dev

elo

pmen

t Ban

k o

f Ind

ia C

D (M

D 0

6/0

9/2

01

3)

Deb

t 9

,61

3

0.2

2%

Y

ES B

ank

Ltd

Equi

ty

9,5

31

0

.22

%

B

ank

of B

aro

da

Equi

ty

3,9

02

0

.09

%

To

tal

4

85,8

44

11.3

3%

3

O

ther

s To

tal

3

,230,0

11

75.3

0%

G

ran

d T

ota

l

4,2

89,5

16

100.0

0%

FinancialsFinancials

141140

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Can

ara

HS

BC

Ori

en

tal B

an

k o

f C

om

merc

e L

ife I

nsu

ran

ce C

om

pan

y Ltd

.st

An

nexu

res

to S

ched

ule

16 f

or

the y

ear

en

ded

31

Marc

h, 2014

An

nexu

re 6

Un

it L

ink

ed

Dis

clo

sure

s -

Oth

er

Dis

clo

sure

sIn

du

stry

wis

e d

iscl

osu

re o

f In

vest

men

ts w

ith

Exp

osu

re o

f 10%

an

d a

bo

ve s

egre

gate

d a

t sc

rip

leve

lst

Fo

r th

e y

ear

en

ded

31

Marc

h, 2013

Fu

nd

Nam

e : G

row

th-I

I F

un

dS

FIN

Co

de : U

LIF

00707/0

1/1

0G

RO

WT

IIF

ND

136

(` '

000)

Secu

rity

C

ate

go

ryIn

vest

men

t A

mou

ntP

erc

en

tage o

f F

un

dS

.No.

Ind

ust

ry S

ect

or

Inve

stm

ent

IC

ICI B

ank

Ltd

Equi

ty

85

,03

5

6.1

2%

H

DFC

Ban

k Lt

d Eq

uity

7

0,5

96

5

.08

%

St

ate

Ban

k o

f Ind

ia

Equi

ty

45

,32

1

3.2

6%

1

M

one

tary

inte

rmed

iatio

n o

f co

mm

erci

al

Axi

s Ban

k Eq

uity

2

1,9

71

1

.58

%

bank

s, sa

ving

ban

ks. p

ost

al sa

ving

s ban

k K

ota

k M

ahin

dra

Ban

k Lt

d Eq

uity

1

6,1

62

1

.16

%

and

disc

oun

t ho

uses

Pu

njab

Nat

iona

l Ban

k Eq

uity

5

,51

8

0.4

0%

In

dusI

nd B

ank

Ltd

Equi

ty

3,3

11

0

.24

%

B

ank

of B

aro

da

Equi

ty

2,0

15

0

.14

%

To

tal

2

49,9

29

17.9

8%

2

Pr

ovi

ding

softw

are

supp

ort

and

In

fosy

s Ltd

Eq

uity

7

5,8

54

5

.46

%

mai

nten

ance

to th

e cl

ient

s Ta

ta C

ons

ulta

ncy

Serv

ices

Ltd

Eq

uity

4

8,8

01

3

.51

%

H

CL

Tech

nolo

gies

Ltd

Eq

uity

2

5,9

31

1

.87

%

To

tal

1

50,5

86

10.8

3%

3

O

ther

s To

tal

9

89,8

45

71.1

9%

G

ran

d T

ota

l

1,3

90,3

60

100.0

0%

Can

ara

HS

BC

Ori

en

tal B

an

k o

f C

om

merc

e L

ife I

nsu

ran

ce C

om

pan

y Ltd

.st

An

nexu

res

to S

ched

ule

16 f

or

the y

ear

en

ded

31

Marc

h, 2014

An

nexu

re 6

Un

it L

ink

ed

Dis

clo

sure

s -

Oth

er

Dis

clo

sure

sIn

du

stry

wis

e d

iscl

osu

re o

f In

vest

men

ts w

ith

Exp

osu

re o

f 10%

an

d a

bo

ve s

egre

gate

d a

t sc

rip

leve

lst

Fo

r th

e y

ear

en

ded

31

Marc

h, 2013

Fu

nd

Nam

e : B

ala

nce

d-I

I F

un

dS

FIN

Co

de : U

LIF

00807/0

1/1

0B

LN

CD

IIF

ND

136

(` '

000)

Secu

rity

C

ate

go

ryIn

vest

men

t A

mou

ntP

erc

en

tage o

f F

un

dS

.No.

Ind

ust

ry S

ect

or

Inve

stm

ent

9

.00

% P

ow

er F

in C

orp

. Ltd

. NC

D (M

D 1

1/0

3/2

02

8)

Deb

t 1

31

,08

2

3.0

6%

9

.46

% P

ow

er F

inan

ce C

orp

Ltd

NC

D S

erie

s 89

-B (M

D 0

2/0

5/2

01

5)

Deb

t 7

0,7

21

1

.65

%

8

.90

% S

unda

ram

Fin

ance

Ltd

(MD

13

-09

-20

13

) D

ebt

46

,89

0

1.0

9%

8

.7%

Po

wer

Fin

Co

rp. L

td. N

CD

(MD

14

/5/2

02

0)

Deb

t 4

6,6

44

1

.09

%

9

.63

% P

ow

er F

inan

ce C

orp

ora

tion

(MD

15

-12

-20

14

) D

ebt

35

,37

1

0.8

2%

9

.18

% P

ow

er F

in C

orp

. Ltd

. NC

D (M

D 1

5/0

4/2

02

1)

Deb

t 3

0,4

64

0

.71

%

9

.02

% R

ural

Ele

ctri

ficat

ion

Co

rpo

ratio

n Lt

d (M

D 1

9-N

ov-

20

22

) D

ebt

30

,29

5

0.7

1%

ID

FC L

td

Equi

ty

26

,15

8

0.6

1%

9

.75

% R

ural

Ele

ctri

ficat

ion

Co

rp. L

td. (

MD

11

-11

-20

21

) D

ebt

25

,16

9

0.5

9%

1

O

ther

cre

dit g

rant

ing

11

.50

% R

ural

Ele

ctri

ficat

ion

Co

rp L

td (M

D 2

6-N

ov-

20

13

) D

ebt

20

,29

7

0.4

7%

8

.30

% B

ajaj

Fin

ance

Ltd

. NC

D (M

D 1

2/0

7/2

01

3)

Deb

t 1

9,9

52

0

.47

%

9

.61

% P

ow

er F

in C

orp

. Ltd

. NC

D (M

D 2

9/0

6/2

1)

Deb

t 1

8,7

11

0

.44

%

9

.28

% R

ural

Ele

ctri

ficat

ion

Co

rpo

ratio

n Lt

d (M

D 1

5/0

2/2

01

7)

Deb

t 1

5,2

17

0

.35

%

9

.36

% P

ow

er F

in C

orp

. Ltd

. NC

D (M

D 0

1/0

8/2

1)

Deb

t 1

2,3

05

0

.29

%

8

.70

% P

ow

er F

inan

ce C

orp

Ltd

(MD

14

-05

-20

15

) D

ebt

11

,95

5

0.2

8%

9

.92

% S

unda

ram

Fin

ance

NC

D (M

D 0

7-S

ep-2

01

5)

Deb

t 1

0,1

56

0

.24

%

9

.25

% R

ural

Ele

ctri

ficat

ion

Co

rpo

ratio

n Lt

d (M

D 2

7/0

8/2

01

7)

Deb

t 1

0,1

46

0

.24

%

9

.50

% B

ajaj

Fin

ance

Ltd

. N

CD

(MD

11

/01

/20

18

) D

ebt

10

,11

6

0.2

4%

1

0.2

0%

Sun

dara

m F

inan

ce N

CD

(MD

21

-Jul

-20

14

) D

ebt

1,0

12

0

.02

%

9

.45

% R

ural

Ele

ctri

ficat

ion

Co

rp. L

td. N

CD

(MD

04

/04

/20

13

) D

ebt

1,0

00

0

.02

%

To

tal

5

73,6

62

13.3

7%

IC

ICI B

ank

Ltd

Equi

ty

15

8,3

97

3

.69

%

H

DFC

Ban

k Lt

d Eq

uity

1

35

,79

4

3.1

7%

St

ate

Ban

k o

f Ind

ia

Equi

ty

68

,98

3

1.6

1%

A

xis B

ank

Equi

ty

42

,70

3

1.0

0%

2

M

one

tary

inte

rmed

iatio

n o

f co

mm

erci

al

Ko

tak

Mah

indr

a B

ank

Ltd

Equi

ty

27

,97

5

0.6

5%

bank

s, sa

ving

ban

ks. p

ost

al sa

ving

s ban

k Pu

njab

Nat

iona

l Ban

k Eq

uity

1

8,8

02

0

.44

%

and

disc

oun

t ho

uses

In

dusI

nd B

ank

Ltd

Equi

ty

10

,14

3

0.2

4%

In

dust

rial

Dev

elo

pmen

t Ban

k o

f Ind

ia C

D (M

D 0

6/0

9/2

01

3)

Deb

t 9

,61

3

0.2

2%

Y

ES B

ank

Ltd

Equi

ty

9,5

31

0

.22

%

B

ank

of B

aro

da

Equi

ty

3,9

02

0

.09

%

To

tal

4

85,8

44

11.3

3%

3

O

ther

s To

tal

3

,230,0

11

75.3

0%

G

ran

d T

ota

l

4,2

89,5

16

100.0

0%

FinancialsFinancials

141140

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Can

ara

HS

BC

Ori

en

tal B

an

k o

f C

om

merc

e L

ife I

nsu

ran

ce C

om

pan

y Ltd

.st

An

nexu

res

to S

ched

ule

16 f

or

the y

ear

en

ded

31

Marc

h, 2014

An

nexu

re 6

Un

it L

ink

ed

Dis

clo

sure

s -

Oth

er

Dis

clo

sure

sIn

du

stry

wis

e d

iscl

osu

re o

f In

vest

men

ts w

ith

Exp

osu

re o

f 10%

an

d a

bo

ve s

egre

gate

d a

t sc

rip

leve

lst

Fo

r th

e y

ear

en

ded

31

Marc

h, 2013

Fu

nd

Nam

e : B

ala

nce

d P

lus

Fu

nd

SF

IN C

od

e : U

LIF

01013/0

9/1

0B

LN

CD

PLF

ND

136

(` '

000)

Secu

rity

C

ate

go

ryIn

vest

men

t A

mou

ntP

erc

en

tage o

f F

un

dS

.No.

Ind

ust

ry S

ect

or

Inve

stm

ent

9

.00

% P

ow

er F

in C

orp

. Ltd

. NC

D (M

D 1

1/0

3/2

02

8)

Deb

t 1

37

,13

2

3.0

0%

9

.46

% P

ow

er F

inan

ce C

orp

Ltd

NC

D S

erie

s 89

-B (M

D 0

2/0

5/2

01

5)

Deb

t 6

0,6

18

1

.32

%

9

.02

% R

ural

Ele

ctri

ficat

ion

Co

rpo

ratio

n Lt

d (M

D 1

9-N

ov-

20

22

) D

ebt

60

,59

1

1.3

2%

9

.25

% R

ural

Ele

ctri

ficat

ion

Co

rpo

ratio

n Lt

d (M

D 2

7/0

8/2

01

7)

Deb

t 5

0,7

29

1

.11

%

9

.63

% P

ow

er F

inan

ce C

orp

ora

tion

(MD

15

-12

-20

14

) D

ebt

50

,53

0

1.1

0%

8

.30

% B

ajaj

Fin

ance

Ltd

. NC

D (M

D 1

2/0

7/2

01

3)

Deb

t 4

9,8

81

1

.09

%

9

.75

% R

ural

Ele

ctri

ficat

ion

Co

rp. L

td. (

MD

11

-11

-20

21

) D

ebt

36

,70

5

0.8

0%

9

.28

% R

ural

Ele

ctri

ficat

ion

Co

rpo

ratio

n Lt

d (M

D 1

5/0

2/2

01

7)

Deb

t 3

5,5

07

0

.78

%

1

O

ther

cre

dit g

rant

ing

IDFC

Ltd

Eq

uity

2

6,6

35

0

.58

%

8

.90

% S

unda

ram

Fin

ance

Ltd

(MD

13

-09

-20

13

) D

ebt

19

,95

3

0.4

4%

1

0.9

0%

Rur

al E

lect

rific

atio

n C

orp

. Ltd

. NC

D (M

D 3

0/0

9/2

01

3)

Deb

t 1

2,0

99

0

.26

%

9

.92

% S

unda

ram

Fin

ance

NC

D (M

D 0

7-S

ep-2

01

5)

Deb

t 1

0,1

56

0

.22

%

9

.27

% P

ow

er F

inan

ce C

orp

. Ltd

. NC

D (M

D 2

1/0

8/2

01

7)

Deb

t 1

0,1

52

0

.22

%

8

.70

% P

ow

er F

inan

ce C

orp

Ltd

(MD

14

-05

-20

15

) D

ebt

6,9

74

0

.15

%

9

.61

% P

ow

er F

in C

orp

. Ltd

. NC

D (M

D 2

9/0

6/2

1)

Deb

t 5

,19

8

0.1

1%

9

.36

% P

ow

er F

in C

orp

. Ltd

. NC

D (M

D 0

1/0

8/2

1)

Deb

t 2

,05

1

0.0

4%

To

tal

574,9

11

12.5

6%

IC

ICI B

ank

Ltd

Equi

ty

16

1,2

87

3

.52

%

H

DFC

Ban

k Lt

d Eq

uity

1

38

,27

2

3.0

2%

St

ate

Ban

k o

f Ind

ia

Equi

ty

70

,24

1

1.5

3%

A

xis B

ank

Equi

ty

43

,48

2

0.9

5%

2

M

one

tary

inte

rmed

iatio

n o

f co

mm

erci

al

Ko

tak

Mah

indr

a B

ank

Ltd

Equi

ty

28

,48

5

0.6

2%

bank

s, sa

ving

ban

ks. p

ost

al sa

ving

s ban

k Pu

njab

Nat

iona

l Ban

k Eq

uity

1

9,1

57

0

.42

%

and

disc

oun

t ho

uses

In

dusI

nd B

ank

Ltd

Equi

ty

10

,32

8

0.2

3%

Y

ES B

ank

Ltd

Equi

ty

9,7

05

0

.21

%

In

dust

rial

Dev

elo

pmen

t Ban

k o

f Ind

ia C

D (M

D 0

6/0

9/2

01

3)

Deb

t 9

,61

3

0.2

1%

B

ank

of B

aro

da

Equi

ty

3,9

73

0

.09

%

To

tal

494,5

44

10.8

0%

3

O

ther

s To

tal

3,5

07,5

93

76.6

3%

G

ran

d T

ota

l

4,5

77,0

48

100.0

0%

Can

ara

HS

BC

Ori

en

tal B

an

k o

f C

om

merc

e L

ife I

nsu

ran

ce C

om

pan

y Ltd

.st

An

nexu

res

to S

ched

ule

16 f

or

the y

ear

en

ded

31

Marc

h, 2014

An

nexu

re 6

Un

it L

ink

ed

Dis

clo

sure

s -

Oth

er

Dis

clo

sure

sIn

du

stry

wis

e d

iscl

osu

re o

f In

vest

men

ts w

ith

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osu

re o

f 10%

an

d a

bo

ve s

egre

gate

d a

t sc

rip

leve

lst

Fo

r th

e y

ear

en

ded

31

Marc

h, 2013

Fu

nd

Nam

e : G

row

th P

lus

Fu

nd

SF

IN C

od

e : U

LIF

00913/0

9/1

0G

RO

WT

PLF

ND

136

(` '

000)

Secu

rity

C

ate

go

ryIn

vest

men

t A

mou

ntP

erc

en

tage o

f F

un

dS

.No.

Ind

ust

ry S

ect

or

Inve

stm

ent

IC

ICI B

ank

Ltd

Equi

ty

77

,63

4

6.0

1%

H

DFC

Ban

k Lt

d Eq

uity

6

4,4

52

4

.99

%

St

ate

Ban

k o

f Ind

ia

Equi

ty

41

,37

6

3.2

1%

1

M

one

tary

inte

rmed

iatio

n o

f co

mm

erci

al

Axi

s Ban

k Eq

uity

2

0,0

59

1

.55

%

bank

s, sa

ving

ban

ks. p

ost

al sa

ving

s ban

k K

ota

k M

ahin

dra

Ban

k Lt

d Eq

uity

1

4,7

56

1

.14

%

and

disc

oun

t ho

uses

Pu

njab

Nat

iona

l Ban

k Eq

uity

5

,05

0

0.3

9%

In

dusI

nd B

ank

Ltd

Equi

ty

3,0

23

0

.23

%

B

ank

of B

aro

da

Equi

ty

1,8

40

0

.14

%

To

tal

228,1

90

17.6

8%

2

Pr

ovi

ding

softw

are

supp

ort

and

In

fosy

s Ltd

Eq

uity

6

9,2

52

5

.37

%

mai

nten

ance

to th

e cl

ient

s Ta

ta C

ons

ulta

ncy

Serv

ices

Ltd

Eq

uity

4

4,5

54

3

.45

%

H

CL

Tech

nolo

gies

Ltd

Eq

uity

2

3,6

74

1

.83

%

To

tal

137,4

81

10.6

5%

3

O

ther

s To

tal

9

25,0

70

71.6

7%

G

ran

d T

ota

l

1,2

90,7

40

100.0

0%

FinancialsFinancials

143142

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Can

ara

HS

BC

Ori

en

tal B

an

k o

f C

om

merc

e L

ife I

nsu

ran

ce C

om

pan

y Ltd

.st

An

nexu

res

to S

ched

ule

16 f

or

the y

ear

en

ded

31

Marc

h, 2014

An

nexu

re 6

Un

it L

ink

ed

Dis

clo

sure

s -

Oth

er

Dis

clo

sure

sIn

du

stry

wis

e d

iscl

osu

re o

f In

vest

men

ts w

ith

Exp

osu

re o

f 10%

an

d a

bo

ve s

egre

gate

d a

t sc

rip

leve

lst

Fo

r th

e y

ear

en

ded

31

Marc

h, 2013

Fu

nd

Nam

e : B

ala

nce

d P

lus

Fu

nd

SF

IN C

od

e : U

LIF

01013/0

9/1

0B

LN

CD

PLF

ND

136

(` '

000)

Secu

rity

C

ate

go

ryIn

vest

men

t A

mou

ntP

erc

en

tage o

f F

un

dS

.No.

Ind

ust

ry S

ect

or

Inve

stm

ent

9

.00

% P

ow

er F

in C

orp

. Ltd

. NC

D (M

D 1

1/0

3/2

02

8)

Deb

t 1

37

,13

2

3.0

0%

9

.46

% P

ow

er F

inan

ce C

orp

Ltd

NC

D S

erie

s 89

-B (M

D 0

2/0

5/2

01

5)

Deb

t 6

0,6

18

1

.32

%

9

.02

% R

ural

Ele

ctri

ficat

ion

Co

rpo

ratio

n Lt

d (M

D 1

9-N

ov-

20

22

) D

ebt

60

,59

1

1.3

2%

9

.25

% R

ural

Ele

ctri

ficat

ion

Co

rpo

ratio

n Lt

d (M

D 2

7/0

8/2

01

7)

Deb

t 5

0,7

29

1

.11

%

9

.63

% P

ow

er F

inan

ce C

orp

ora

tion

(MD

15

-12

-20

14

) D

ebt

50

,53

0

1.1

0%

8

.30

% B

ajaj

Fin

ance

Ltd

. NC

D (M

D 1

2/0

7/2

01

3)

Deb

t 4

9,8

81

1

.09

%

9

.75

% R

ural

Ele

ctri

ficat

ion

Co

rp. L

td. (

MD

11

-11

-20

21

) D

ebt

36

,70

5

0.8

0%

9

.28

% R

ural

Ele

ctri

ficat

ion

Co

rpo

ratio

n Lt

d (M

D 1

5/0

2/2

01

7)

Deb

t 3

5,5

07

0

.78

%

1

O

ther

cre

dit g

rant

ing

IDFC

Ltd

Eq

uity

2

6,6

35

0

.58

%

8

.90

% S

unda

ram

Fin

ance

Ltd

(MD

13

-09

-20

13

) D

ebt

19

,95

3

0.4

4%

1

0.9

0%

Rur

al E

lect

rific

atio

n C

orp

. Ltd

. NC

D (M

D 3

0/0

9/2

01

3)

Deb

t 1

2,0

99

0

.26

%

9

.92

% S

unda

ram

Fin

ance

NC

D (M

D 0

7-S

ep-2

01

5)

Deb

t 1

0,1

56

0

.22

%

9

.27

% P

ow

er F

inan

ce C

orp

. Ltd

. NC

D (M

D 2

1/0

8/2

01

7)

Deb

t 1

0,1

52

0

.22

%

8

.70

% P

ow

er F

inan

ce C

orp

Ltd

(MD

14

-05

-20

15

) D

ebt

6,9

74

0

.15

%

9

.61

% P

ow

er F

in C

orp

. Ltd

. NC

D (M

D 2

9/0

6/2

1)

Deb

t 5

,19

8

0.1

1%

9

.36

% P

ow

er F

in C

orp

. Ltd

. NC

D (M

D 0

1/0

8/2

1)

Deb

t 2

,05

1

0.0

4%

To

tal

574,9

11

12.5

6%

IC

ICI B

ank

Ltd

Equi

ty

16

1,2

87

3

.52

%

H

DFC

Ban

k Lt

d Eq

uity

1

38

,27

2

3.0

2%

St

ate

Ban

k o

f Ind

ia

Equi

ty

70

,24

1

1.5

3%

A

xis B

ank

Equi

ty

43

,48

2

0.9

5%

2

M

one

tary

inte

rmed

iatio

n o

f co

mm

erci

al

Ko

tak

Mah

indr

a B

ank

Ltd

Equi

ty

28

,48

5

0.6

2%

bank

s, sa

ving

ban

ks. p

ost

al sa

ving

s ban

k Pu

njab

Nat

iona

l Ban

k Eq

uity

1

9,1

57

0

.42

%

and

disc

oun

t ho

uses

In

dusI

nd B

ank

Ltd

Equi

ty

10

,32

8

0.2

3%

Y

ES B

ank

Ltd

Equi

ty

9,7

05

0

.21

%

In

dust

rial

Dev

elo

pmen

t Ban

k o

f Ind

ia C

D (M

D 0

6/0

9/2

01

3)

Deb

t 9

,61

3

0.2

1%

B

ank

of B

aro

da

Equi

ty

3,9

73

0

.09

%

To

tal

494,5

44

10.8

0%

3

O

ther

s To

tal

3,5

07,5

93

76.6

3%

G

ran

d T

ota

l

4,5

77,0

48

100.0

0%

Can

ara

HS

BC

Ori

en

tal B

an

k o

f C

om

merc

e L

ife I

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ran

ce C

om

pan

y Ltd

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nexu

res

to S

ched

ule

16 f

or

the y

ear

en

ded

31

Marc

h, 2014

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nexu

re 6

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it L

ink

ed

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clo

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clo

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ith

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osu

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gate

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Fo

r th

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ear

en

ded

31

Marc

h, 2013

Fu

nd

Nam

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row

th P

lus

Fu

nd

SF

IN C

od

e : U

LIF

00913/0

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RO

WT

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136

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Secu

rity

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ate

go

ryIn

vest

men

t A

mou

ntP

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en

tage o

f F

un

dS

.No.

Ind

ust

ry S

ect

or

Inve

stm

ent

IC

ICI B

ank

Ltd

Equi

ty

77

,63

4

6.0

1%

H

DFC

Ban

k Lt

d Eq

uity

6

4,4

52

4

.99

%

St

ate

Ban

k o

f Ind

ia

Equi

ty

41

,37

6

3.2

1%

1

M

one

tary

inte

rmed

iatio

n o

f co

mm

erci

al

Axi

s Ban

k Eq

uity

2

0,0

59

1

.55

%

bank

s, sa

ving

ban

ks. p

ost

al sa

ving

s ban

k K

ota

k M

ahin

dra

Ban

k Lt

d Eq

uity

1

4,7

56

1

.14

%

and

disc

oun

t ho

uses

Pu

njab

Nat

iona

l Ban

k Eq

uity

5

,05

0

0.3

9%

In

dusI

nd B

ank

Ltd

Equi

ty

3,0

23

0

.23

%

B

ank

of B

aro

da

Equi

ty

1,8

40

0

.14

%

To

tal

228,1

90

17.6

8%

2

Pr

ovi

ding

softw

are

supp

ort

and

In

fosy

s Ltd

Eq

uity

6

9,2

52

5

.37

%

mai

nten

ance

to th

e cl

ient

s Ta

ta C

ons

ulta

ncy

Serv

ices

Ltd

Eq

uity

4

4,5

54

3

.45

%

H

CL

Tech

nolo

gies

Ltd

Eq

uity

2

3,6

74

1

.83

%

To

tal

137,4

81

10.6

5%

3

O

ther

s To

tal

9

25,0

70

71.6

7%

G

ran

d T

ota

l

1,2

90,7

40

100.0

0%

FinancialsFinancials

143142

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Can

ara

HS

BC

Ori

en

tal B

an

k o

f C

om

merc

e L

ife I

nsu

ran

ce C

om

pan

y Ltd

.st

An

nexu

res

to S

ched

ule

16 f

or

the y

ear

en

ded

31

Marc

h, 2014

An

nexu

re 6

Un

it L

ink

ed

Dis

clo

sure

s -

Oth

er

Dis

clo

sure

sIn

du

stry

wis

e d

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re o

f In

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men

ts w

ith

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osu

re o

f 10%

an

d a

bo

ve s

egre

gate

d a

t sc

rip

leve

lst

Fo

r th

e y

ear

en

ded

31

Marc

h, 2013

Fu

nd

Nam

e : D

eb

t P

lus

Fu

nd

SF

IN C

od

e : U

LIF

01115/0

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EB

TP

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UN

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Secu

rity

C

ate

go

ryIn

vest

men

t A

mou

ntP

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en

tage o

f F

un

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.No.

Ind

ust

ry S

ect

or

Inve

stm

ent

9

.02

% R

ural

Ele

ctri

ficat

ion

Co

rpo

ratio

n Lt

d (M

D 1

9-N

ov-

20

22

) D

ebt

40

,39

4

4.1

0%

9

.00

% P

ow

er F

in C

orp

. Ltd

. NC

D (M

D 1

1/0

3/2

02

8)

Deb

t 3

5,2

91

3

.58

%

9

.27

% P

ow

er F

inan

ce C

orp

. Ltd

. NC

D (M

D 2

1/0

8/2

01

7)

Deb

t 1

5,2

29

1

.55

%

9

.28

% R

ural

Ele

ctri

ficat

ion

Co

rpo

ratio

n Lt

d (M

D 1

5/0

2/2

01

7)

Deb

t 1

5,2

17

1

.55

%

9

.92

% S

unda

ram

Fin

ance

NC

D (M

D 0

7-S

ep-2

01

5)

Deb

t 1

0,1

56

1

.03

%

9

.25

% R

ural

Ele

ctri

ficat

ion

Co

rpo

ratio

n Lt

d (M

D 2

7/0

8/2

01

7)

Deb

t 1

0,1

46

1

.03

%

1

O

ther

cre

dit g

rant

ing

9.5

0%

Baj

aj F

inan

ce L

td.

NC

D (M

D 1

1/0

1/2

01

8)

Deb

t 1

0,1

16

1

.03

%

9

.18

% P

ow

er F

in C

orp

. Ltd

. NC

D (M

D 1

5/0

4/2

02

1)

Deb

t 7

,10

8

0.7

2%

1

0.9

0%

Rur

al E

lect

rific

atio

n C

orp

. Ltd

. NC

D (M

D 3

0/0

9/2

01

3)

Deb

t 7

,05

8

0.7

2%

8

.90

% S

unda

ram

Fin

ance

Ltd

(MD

13

-09

-20

13

) D

ebt

2,9

93

0

.30

%

8

.70

% P

ow

er F

inan

ce C

orp

Ltd

(MD

14

-05

-20

15

) D

ebt

1,9

93

0

.20

%

9

.61

% P

ow

er F

in C

orp

. Ltd

. NC

D (M

D 2

9/0

6/2

1)

Deb

t 1

,04

0

0.1

1%

To

tal

1

56,7

40

15.9

2%

9

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% L

IC H

ous

ing

Fin.

Ltd

. NC

D (M

D 0

7/0

9/2

01

7)

Deb

t 5

8,4

80

5

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%

9

.50

% H

ous

ing

Dev

. Fin

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rp. L

td. N

CD

(MD

13

/09

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17

) D

ebt

20

,47

1

2.0

8%

9

.3%

Ho

usin

g D

ev. F

in. C

orp

. Ltd

. NC

D (M

D 0

4/1

0/2

01

7)

Deb

t 1

5,2

50

1

.55

%

0

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% H

ous

ing

Dev

elo

pmen

t Fin

ance

Co

rp L

td Z

CB

(MD

10

/01

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) D

ebt

11

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8

1.1

7%

2

A

ctiv

ities

of s

peci

aliz

ed in

stitu

tions

9

.50

% H

ous

ing

Dev

. Fin

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rp. L

td. N

CD

(MD

13

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ebt

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2

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gran

ting

cred

it fo

r ho

use

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s 9

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% L

IC H

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Fina

nce

Ltd

NC

D (M

D 3

0/0

1/2

02

2)

Deb

t 5

,16

1

0.5

2%

that

als

o ta

ke d

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9

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% H

ous

ing

Dev

. Fin

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rp. L

td. N

CD

(MD

23

-12

-20

16

) D

ebt

4,0

81

0

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%

9

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% H

ous

ing

Dev

. Fin

. Co

rp. L

td.

NC

D (M

D 0

9/0

2/2

01

6)

Deb

t 2

,04

2

0.2

1%

9

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% H

ous

ing

Dev

. Fin

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rp. L

td. N

CD

(MD

06

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13

) D

ebt

1,0

01

0

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%

7

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% L

IC H

ous

ing

Fin.

Ltd

. NC

D (M

D 1

0/0

6/2

01

3)

Deb

t 9

97

0

.10

%

To

tal

1

29,2

13

13.1

2%

3

O

ther

s To

tal

6

98,6

14

70.9

6%

G

ran

d T

ota

l

984,5

67

100.0

0%

IC

ICI B

ank

Ltd

Equi

ty

50

,67

5

4.6

4%

H

DFC

Ban

k Lt

d Eq

uity

4

6,6

89

4

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%

1

M

one

tary

inte

rmed

iatio

n o

f co

mm

erci

al

Stat

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ank

of I

ndia

Eq

uity

2

1,2

56

1

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%

bank

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ving

ban

ks. p

ost

al sa

ving

s ban

k A

xis B

ank

Equi

ty

14

,38

1

1.3

2%

and

disc

oun

t ho

uses

K

ota

k M

ahin

dra

Ban

k Lt

d Eq

uity

9

,49

5

0.8

7%

In

dusI

nd B

ank

Ltd

Equi

ty

4,5

52

0

.42

%

Y

ES B

ank

Ltd

Equi

ty

4,0

76

0

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%

To

tal

151,1

23.8

7

13.8

4%

2

O

ther

s To

tal

9

40,8

10

86.1

6%

G

ran

d T

ota

l

1,0

91,9

34

100.0

0%

Can

ara

HS

BC

Ori

en

tal B

an

k o

f C

om

merc

e L

ife I

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ran

ce C

om

pan

y Ltd

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An

nexu

res

to S

ched

ule

16 f

or

the y

ear

en

ded

31

Marc

h, 2013

An

nexu

re 6

Un

it-L

ink

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Dis

clo

sure

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du

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wis

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ith

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re o

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an

d a

bo

ve s

egre

gate

d a

t sc

rip

leve

lst

Fo

r th

e y

ear

en

ded

31

Marc

h, 2013

Fu

nd

Nam

e : N

AV

Gu

ara

nte

e F

un

dS

FIN

Co

de : U

LIF

01215/0

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1N

AV

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UN

DS

I136

(` '

000)

Secu

rity

C

ate

go

ryIn

vest

men

t A

mou

ntP

erc

en

tage o

f F

un

dS

.No.

Ind

ust

ry S

ect

or

Inve

stm

ent

FinancialsFinancials

145144

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Can

ara

HS

BC

Ori

en

tal B

an

k o

f C

om

merc

e L

ife I

nsu

ran

ce C

om

pan

y Ltd

.st

An

nexu

res

to S

ched

ule

16 f

or

the y

ear

en

ded

31

Marc

h, 2014

An

nexu

re 6

Un

it L

ink

ed

Dis

clo

sure

s -

Oth

er

Dis

clo

sure

sIn

du

stry

wis

e d

iscl

osu

re o

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vest

men

ts w

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Ind

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FinancialsFinancials

145144

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Equi

ty S

hare

s 6

72

,73

8

-

2,8

33

,32

2

46

6,5

62

-

2

,59

9,1

48

2

78

,41

3

51

9,9

72

5

83

,65

5

25

5,6

12

-

1

93

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6

-

8,4

02

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7

Mut

ual F

unds

3

3

11

3

7

1

14

1

33

1

3

52

1

19

2

2

54

1

7

93

5

99

Go

vern

men

t Sec

uriti

es

(62

,34

7)

(12

1,7

91

) -

(1

5,1

91

) -

-

(1

0,2

72

) (4

9,7

93

) (5

9,7

97

) (9

,55

3)

(35

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9)

(22

,51

5)

-

(38

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48

)

No

n C

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ture

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61

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04

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(2

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5)

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) (2

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) (2

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) (2

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3)

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Zer

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-

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Stat

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nn

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d/o

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Equi

ty S

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38

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2

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34

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5

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5,7

10

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6

15

,83

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0

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9,8

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4

57

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Mut

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1

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56

5

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6

6

13

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41

9

1

1

11

5

16

7

87

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pan

y Ltd

.st

A

nn

exu

res

to S

ched

ule

16 f

or

the y

ear

en

ded

31

Marc

h, 2014

An

nexu

re 6

Fu

nd

Nam

eS

FIN

Co

de

2013

2014

Lo

west

NA

V

Hig

hest

NA

V

Lo

west

NA

V

Clo

sin

g N

AV

H

igh

est

NA

V

Clo

sin

g N

AV

Bal

ance

d Fu

nd

ULI

F00

31

6/0

6/0

8B

LNC

EDFU

ND

13

6

15

.95

3

13

.68

4

15

.95

3

14

.91

9

12

.80

3

14

.46

9

Deb

t Fun

d U

LIF0

04

09

/07

/08

IND

EBT

FUN

D1

36

1

6.2

74

1

4.5

88

1

5.7

49

1

5.4

10

1

3.8

54

1

5.3

89

Equi

ty F

und

ULI

F00

11

6/0

6/0

8EQ

UIT

YFU

ND

13

6

15

.13

6

11

.93

4

15

.13

6

13

.79

5

10

.93

4

12

.85

4

Gro

wth

Fun

d U

LIF0

02

16

/06

/08

GR

OW

TH

FUN

D1

36

1

5.1

98

1

2.4

10

1

5.1

98

1

3.8

80

1

1.4

11

1

3.1

88

Liqu

id F

und

ULI

F00

51

4/0

7/0

8LI

QU

IDFU

ND

13

6

15

.51

5

14

.28

1

15

.51

5

14

.27

8

13

.08

8

14

.27

8

Equi

ty-I

I Fun

d U

LIF0

06

07

/01

/10

EQU

TY

IIFN

D1

36

1

2.2

60

9

.65

6

12

.26

0

11

.13

8

8.8

34

1

0.3

90

Gro

wth

-II F

und

ULI

F00

70

7/0

1/1

0G

RO

WT

IIFN

D1

36

1

2.6

88

1

0.3

60

1

2.6

88

1

1.5

66

9

.48

1

11

.00

0

Bal

ance

d-II

Fund

U

LIF0

08

07

/01

/10

BLN

CD

IIFN

D1

36

1

2.7

33

1

0.9

25

1

2.7

33

1

1.8

92

1

0.1

93

1

1.5

38

Bal

ance

d Plu

s Fun

d U

LIF0

10

13

/09

/10

BLN

CD

PLF

ND

13

6

11

.46

6

9.8

59

1

1.4

66

1

0.7

76

9

.25

4

10

.44

9

Gro

wth

Plu

s Fun

d U

LIF0

09

13

/09

/10

GR

OW

TPLF

ND

13

6

10

.94

7

8.9

40

1

0.9

47

1

0.0

00

8

.21

2

9.5

08

Deb

t Plu

s Fun

d U

LIF0

11

15

/09

/10

DEB

TPLF

UN

D1

36

1

2.8

38

1

1.5

13

1

2.3

37

1

2.1

67

1

0.9

57

1

2.1

44

NA

V G

uara

ntee

Fun

d U

LIF0

12

15

/04

/11

NA

VG

FUN

DSI

13

6

11

.89

5

10

.08

9

11

.89

5

11

.20

5

9.4

71

1

0.7

81

Dis

cont

inue

d Po

licy

Fund

U

LIF0

13

19

/09

/11

PO

LDIS

CFN

D1

36

1

2.0

23

1

1.1

50

1

2.0

23

1

1.1

48

1

0.3

40

1

1.1

48

(D)

Un

claim

ed

red

em

pti

on

s o

f u

nit

s -

NIL

, P

revi

ou

s Y

ear

- N

IL

(E)

Net

Ass

et

Valu

e (

NA

V)

: H

igh

est

, L

ow

est

an

d C

losi

ng

at

the e

nd

of

Marc

h 3

1, 2014

(G)

Rati

o o

f G

ross

In

com

e (

incl

ud

ing u

nre

alize

d g

ain

s) t

o A

vera

ge D

aily

Net

Ass

ets

Bal

ance

d Fu

nd

ULI

F00

31

6/0

6/0

8B

LNC

EDFU

ND

13

6

11

.29

%

9.5

7%

Deb

t Fun

d U

LIF0

04

09

/07

/08

IND

EBT

FUN

D1

36

3

.28

%

11

.35

%

Equi

ty F

und

ULI

F00

11

6/0

6/0

8EQ

UIT

YFU

ND

13

6

18

.34

%

8.5

8%

Gro

wth

Fun

d U

LIF0

02

16

/06

/08

GR

OW

TH

FUN

D1

36

1

6.0

3%

9

.27

%

Liqu

id F

und

ULI

F00

51

4/0

7/0

8LI

QU

IDFU

ND

13

6

9.2

1%

9

.64

%

Equi

ty-I

I Fun

d U

LIF0

06

07

/01

/10

EQU

TY

IIFN

D1

36

1

8.9

4%

8

.42

%

Gro

wth

-II F

und

ULI

F00

70

7/0

1/1

0G

RO

WT

IIFN

D1

36

1

6.0

4%

9

.82

%

Bal

ance

d-II

Fund

U

LIF0

08

07

/01

/10

BLN

CD

IIFN

D1

36

1

1.3

5%

9

.92

%

Bal

ance

d Plu

s Fun

d U

LIF0

10

13

/09

/10

BLN

CD

PLF

ND

13

6

11

.65

%

9.3

5%

Gro

wth

Plu

s Fun

d U

LIF0

09

13

/09

/10

GR

OW

TPLF

ND

13

6

16

.30

%

8.8

5%

Deb

t Plu

s Fun

d U

LIF0

11

15

/09

/10

DEB

TPLF

UN

D1

36

3

.75

%

11

.25

%

NA

V G

uara

ntee

Fun

d U

LIF0

12

15

/04

/11

NA

VG

FUN

DSI

13

6

12

.44

%

10

.27

%

Dis

cont

inue

d Po

licy

Fund

U

LIF0

13

19

/09

/11

PO

LDIS

CFN

D1

36

8

.14

%

8.1

2%

(H) P

rovi

sio

n fo

r d

ou

btf

ul d

eb

ts o

n a

ssets

of t

he fu

nd

s - N

IL, P

revi

ou

s Y

ear

- N

IL

Fu

nd

Nam

eS

FIN

Co

de

Rati

os

as

at

Marc

h 3

1, 2014

Rati

os

as

at

Marc

h 3

1, 2013

FinancialsFinancials

147146

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Equi

ty S

hare

s 6

72

,73

8

-

2,8

33

,32

2

46

6,5

62

-

2

,59

9,1

48

2

78

,41

3

51

9,9

72

5

83

,65

5

25

5,6

12

-

1

93

,18

6

-

8,4

02

,60

7

Mut

ual F

unds

3

3

11

3

7

1

14

1

33

1

3

52

1

19

2

2

54

1

7

93

5

99

Go

vern

men

t Sec

uriti

es

(62

,34

7)

(12

1,7

91

) -

(1

5,1

91

) -

-

(1

0,2

72

) (4

9,7

93

) (5

9,7

97

) (9

,55

3)

(35

,48

9)

(22

,51

5)

-

(38

6,7

48

)

No

n C

onv

ertib

le D

eben

ture

s (2

8,2

61

) (2

7,6

04

) -

(2

,89

5)

-

-

(2,0

27

) (2

2,6

68

) (2

8,1

48

) (2

,73

9)

(10

,42

3)

-

-

(12

4,7

65

)

Zer

o C

oup

on

Bo

nds

-

(1,6

96

) -

-

-

-

-

-

-

-

(1

88

) -

-

(1

,88

4)

Stat

e D

evel

opm

ent L

oan

(4

,29

6)

(6,6

50

) -

(2

70

) -

-

(1

,19

1)

(4,8

48

) (4

,69

7)

(85

) (5

38

) -

-

(2

2,5

75

)

Tota

l 5

77,8

67

(157,7

30)

2,8

33,3

59

448,2

07

14

2,5

99,2

81

264,9

36

442,7

15

491,1

32

243,2

56

(46,5

84)

170,6

88

93

7,8

67,2

33

(` '

000)

Fu

nd

Nam

eB

ala

nce

d F

un

dD

eb

t F

un

dE

qu

ity

Fu

nd

Gro

wth

Fu

nd

Liq

uid

Fu

nd

Eq

uit

y-II

Fu

nd

Gro

wth

-II

Fu

nd

Bala

nce

d-I

I F

un

dB

ala

nce

d P

lus

Fu

nd

Gro

wth

Plu

s Fu

nd

Deb

t P

lus

Fu

nd

NA

V G

uara

nte

e

Fu

nd

Dis

con

tin

ued

P

olicy

Fu

nd

Tota

l

SF

INU

LIF0

03

16

/06

/08

BLN

CED

FUN

D1

36

ULI

F00

40

9/0

7/0

8IN

DEB

TFU

ND

13

6

ULI

F00

11

6/0

6/0

8EQ

UIT

YFU

ND

13

6U

LIF0

02

16

/06

/08

GR

OW

TH

FUN

D1

36

ULI

F00

51

4/0

7/0

8LI

QU

IDFU

ND

13

6U

LIF0

06

07

/01

/10

EQU

TY

IIFN

D1

36

ULI

F00

70

7/0

1/1

0G

RO

WT

IIFN

D1

36

ULI

F00

80

7/0

1/1

0B

LNC

DIIF

ND

13

6U

LIF0

10

13

/09

/10

BLN

CD

PLF

ND

13

6U

LIF0

09

13

/09

/10

GR

OW

TPLF

ND

13

6U

LIF0

11

15

/09

/10

DEB

TPLF

UN

D1

36

ULI

F01

21

5/0

4/1

1N

AV

GFU

ND

SI1

36

ULI

F01

31

9/0

9/1

1PO

LDIS

CFN

D1

36

Fo

r th

e y

ear

en

ded

Marc

h 3

1, 2014

Can

ara

HS

BC

Ori

en

tal B

an

k o

f C

om

merc

e L

ife I

nsu

ran

ce C

om

pan

y Ltd

.A

nn

exu

res

to S

ched

ule

16 f

or

the y

ear

en

ded

31st

Marc

h, 2014

Un

it-L

ink

ed

Dis

clo

sure

s -

Oth

er

Dis

clo

sure

s(I

) Fu

nd

-wis

e d

iscl

osu

re o

f ap

pre

ciati

on

an

d/o

r (d

ep

reci

ati

on

) in

valu

e o

f In

vest

men

tsA

nn

exu

re 6

Equi

ty S

hare

s 2

38

,27

2

-

1,0

34

,08

5

15

5,7

10

-

6

15

,83

7

80

,70

0

15

9,8

07

1

14

,43

4

57

,71

9

-

55

,05

5

-

2,5

11

,61

9

Mut

ual F

unds

3

1

6

56

5

3

6

6

13

1

9

41

9

1

1

11

5

16

7

87

Go

vern

men

t Sec

uriti

es

1,1

46

(5

7)

-

(18

) -

-

(6

5)

(76

5)

1,3

53

3

00

1

47

8

,74

6

-

10

,78

7

No

n C

onv

ertib

le D

eben

ture

s 2

2,7

55

4

6,1

71

-

4

,25

4

-

-

1,4

33

1

6,8

58

1

6,2

46

1

,67

9

9,2

54

-

-

1

18

,65

0

Zer

o C

oup

on

Bo

nds

-

1,5

40

-

-

-

-

-

-

-

-

1

71

-

-

1

,71

1

Stat

e D

evel

opm

ent L

oan

1

,52

0

1,5

97

-

9

5

-

-

37

1

,22

0

53

6

13

6

42

2

-

-

5,5

63

Tota

l 2

63,7

24

49,2

57

1,0

34,1

41

160,0

46

3

615,9

03

82,1

18

177,1

39

132,6

10

59,8

43

10,0

05

63,8

12

516

2,6

49,1

17

(` '

000)

Fu

nd

Nam

eB

ala

nce

d F

un

dD

eb

t F

un

dE

qu

ity

Fu

nd

Gro

wth

Fu

nd

Liq

uid

Fu

nd

Eq

uit

y-II

Fu

nd

Gro

wth

-II

Fu

nd

Bala

nce

d-I

I F

un

dB

ala

nce

d P

lus

Fu

nd

Gro

wth

Plu

s Fu

nd

Deb

t P

lus

Fu

nd

NA

V G

uara

nte

e

Fu

nd

Dis

con

tin

ued

P

olicy

Fu

nd

Tota

l

SF

INU

LIF0

03

16

/06

/08

BLN

CED

FUN

D1

36

ULI

F00

40

9/0

7/0

8IN

DEB

TFU

ND

13

6

ULI

F00

11

6/0

6/0

8EQ

UIT

YFU

ND

13

6U

LIF0

02

16

/06

/08

GR

OW

TH

FUN

D1

36

ULI

F00

51

4/0

7/0

8LI

QU

IDFU

ND

13

6U

LIF0

06

07

/01

/10

EQU

TY

IIFN

D1

36

ULI

F00

70

7/0

1/1

0G

RO

WT

IIFN

D1

36

ULI

F00

80

7/0

1/1

0B

LNC

DIIF

ND

13

6U

LIF0

10

13

/09

/10

BLN

CD

PLF

ND

13

6U

LIF0

09

13

/09

/10

GR

OW

TPLF

ND

13

6U

LIF0

11

15

/09

/10

DEB

TPLF

UN

D1

36

ULI

F01

21

5/0

4/1

1N

AV

GFU

ND

SI1

36

ULI

F01

31

9/0

9/1

1PO

LDIS

CFN

D1

36

Fo

r th

e y

ear

en

ded

Marc

h 3

1, 2013

(F)

Exp

en

ses

Ch

arg

es

to F

un

d %

An

nu

alize

d E

xp

en

se R

ati

o t

o A

vera

ge D

aily

Ass

ets

of

the F

un

d

Bal

ance

d Fu

nd

ULI

F00

31

6/0

6/0

8B

LNC

EDFU

ND

13

6

1.4

6%

1

.46

%

Deb

t Fun

d U

LIF0

04

09

/07

/08

IND

EBT

FUN

D1

36

1

.12

%

1.1

3%

Equi

ty F

und

ULI

F00

11

6/0

6/0

8EQ

UIT

YFU

ND

13

6

1.9

7%

1

.97

%

Gro

wth

Fun

d U

LIF0

02

16

/06

/08

GR

OW

TH

FUN

D1

36

1

.69

%

1.6

9%

Liqu

id F

und

ULI

F00

51

4/0

7/0

8LI

QU

IDFU

ND

13

6

0.9

0%

0

.91

%

Equi

ty-I

I Fun

d U

LIF0

06

07

/01

/10

EQU

TY

IIFN

D1

36

1

.52

%

1.5

2%

Gro

wth

-II F

und

ULI

F00

70

7/0

1/1

0G

RO

WT

IIFN

D1

36

1

.35

%

1.3

5%

Bal

ance

d-II

Fund

U

LIF0

08

07

/01

/10

BLN

CD

IIFN

D1

36

1

.24

%

1.2

4%

Bal

ance

d Plu

s Fun

d U

LIF0

10

13

/09

/10

BLN

CD

PLF

ND

13

6

1.5

2%

1

.52

%

Gro

wth

Plu

s Fun

d U

LIF0

09

13

/09

/10

GR

OW

TPLF

ND

13

6

1.5

2%

1

.52

%

Deb

t Plu

s Fun

d U

LIF0

11

15

/09

/10

DEB

TPLF

UN

D1

36

1

.52

%

1.5

2%

NA

V G

uara

ntee

Fun

d U

LIF0

12

15

/04

/11

NA

VG

FUN

DSI

13

6

1.9

1%

1

.91

%

Dis

cont

inue

d Po

licy

Fund

U

LIF0

13

19

/09

/11

PO

LDIS

CFN

D1

36

0

.56

%

0.5

6%

* A

bso

lute

Fu

nd

Nam

eS

FIN

Co

de

Rati

os

as

at

Marc

h 3

1, 2014

Rati

os

as

at

Marc

h 3

1, 2013

Can

ara

HS

BC

Ori

en

tal B

an

k o

f C

om

merc

e L

ife I

nsu

ran

ce C

om

pan

y Ltd

.st

A

nn

exu

res

to S

ched

ule

16 f

or

the y

ear

en

ded

31

Marc

h, 2014

An

nexu

re 6

Fu

nd

Nam

eS

FIN

Co

de

2013

2014

Lo

west

NA

V

Hig

hest

NA

V

Lo

west

NA

V

Clo

sin

g N

AV

H

igh

est

NA

V

Clo

sin

g N

AV

Bal

ance

d Fu

nd

ULI

F00

31

6/0

6/0

8B

LNC

EDFU

ND

13

6

15

.95

3

13

.68

4

15

.95

3

14

.91

9

12

.80

3

14

.46

9

Deb

t Fun

d U

LIF0

04

09

/07

/08

IND

EBT

FUN

D1

36

1

6.2

74

1

4.5

88

1

5.7

49

1

5.4

10

1

3.8

54

1

5.3

89

Equi

ty F

und

ULI

F00

11

6/0

6/0

8EQ

UIT

YFU

ND

13

6

15

.13

6

11

.93

4

15

.13

6

13

.79

5

10

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4

12

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4

Gro

wth

Fun

d U

LIF0

02

16

/06

/08

GR

OW

TH

FUN

D1

36

1

5.1

98

1

2.4

10

1

5.1

98

1

3.8

80

1

1.4

11

1

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88

Liqu

id F

und

ULI

F00

51

4/0

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8LI

QU

IDFU

ND

13

6

15

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5

14

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1

15

.51

5

14

.27

8

13

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8

14

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8

Equi

ty-I

I Fun

d U

LIF0

06

07

/01

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EQU

TY

IIFN

D1

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1

2.2

60

9

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6

12

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0

11

.13

8

8.8

34

1

0.3

90

Gro

wth

-II F

und

ULI

F00

70

7/0

1/1

0G

RO

WT

IIFN

D1

36

1

2.6

88

1

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60

1

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88

1

1.5

66

9

.48

1

11

.00

0

Bal

ance

d-II

Fund

U

LIF0

08

07

/01

/10

BLN

CD

IIFN

D1

36

1

2.7

33

1

0.9

25

1

2.7

33

1

1.8

92

1

0.1

93

1

1.5

38

Bal

ance

d Plu

s Fun

d U

LIF0

10

13

/09

/10

BLN

CD

PLF

ND

13

6

11

.46

6

9.8

59

1

1.4

66

1

0.7

76

9

.25

4

10

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9

Gro

wth

Plu

s Fun

d U

LIF0

09

13

/09

/10

GR

OW

TPLF

ND

13

6

10

.94

7

8.9

40

1

0.9

47

1

0.0

00

8

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2

9.5

08

Deb

t Plu

s Fun

d U

LIF0

11

15

/09

/10

DEB

TPLF

UN

D1

36

1

2.8

38

1

1.5

13

1

2.3

37

1

2.1

67

1

0.9

57

1

2.1

44

NA

V G

uara

ntee

Fun

d U

LIF0

12

15

/04

/11

NA

VG

FUN

DSI

13

6

11

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5

10

.08

9

11

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5

11

.20

5

9.4

71

1

0.7

81

Dis

cont

inue

d Po

licy

Fund

U

LIF0

13

19

/09

/11

PO

LDIS

CFN

D1

36

1

2.0

23

1

1.1

50

1

2.0

23

1

1.1

48

1

0.3

40

1

1.1

48

(D)

Un

claim

ed

red

em

pti

on

s o

f u

nit

s -

NIL

, P

revi

ou

s Y

ear

- N

IL

(E)

Net

Ass

et

Valu

e (

NA

V)

: H

igh

est

, L

ow

est

an

d C

losi

ng

at

the e

nd

of

Marc

h 3

1, 2014

(G)

Rati

o o

f G

ross

In

com

e (

incl

ud

ing u

nre

alize

d g

ain

s) t

o A

vera

ge D

aily

Net

Ass

ets

Bal

ance

d Fu

nd

ULI

F00

31

6/0

6/0

8B

LNC

EDFU

ND

13

6

11

.29

%

9.5

7%

Deb

t Fun

d U

LIF0

04

09

/07

/08

IND

EBT

FUN

D1

36

3

.28

%

11

.35

%

Equi

ty F

und

ULI

F00

11

6/0

6/0

8EQ

UIT

YFU

ND

13

6

18

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%

8.5

8%

Gro

wth

Fun

d U

LIF0

02

16

/06

/08

GR

OW

TH

FUN

D1

36

1

6.0

3%

9

.27

%

Liqu

id F

und

ULI

F00

51

4/0

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8LI

QU

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ND

13

6

9.2

1%

9

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%

Equi

ty-I

I Fun

d U

LIF0

06

07

/01

/10

EQU

TY

IIFN

D1

36

1

8.9

4%

8

.42

%

Gro

wth

-II F

und

ULI

F00

70

7/0

1/1

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RO

WT

IIFN

D1

36

1

6.0

4%

9

.82

%

Bal

ance

d-II

Fund

U

LIF0

08

07

/01

/10

BLN

CD

IIFN

D1

36

1

1.3

5%

9

.92

%

Bal

ance

d Plu

s Fun

d U

LIF0

10

13

/09

/10

BLN

CD

PLF

ND

13

6

11

.65

%

9.3

5%

Gro

wth

Plu

s Fun

d U

LIF0

09

13

/09

/10

GR

OW

TPLF

ND

13

6

16

.30

%

8.8

5%

Deb

t Plu

s Fun

d U

LIF0

11

15

/09

/10

DEB

TPLF

UN

D1

36

3

.75

%

11

.25

%

NA

V G

uara

ntee

Fun

d U

LIF0

12

15

/04

/11

NA

VG

FUN

DSI

13

6

12

.44

%

10

.27

%

Dis

cont

inue

d Po

licy

Fund

U

LIF0

13

19

/09

/11

PO

LDIS

CFN

D1

36

8

.14

%

8.1

2%

(H) P

rovi

sio

n fo

r d

ou

btf

ul d

eb

ts o

n a

ssets

of t

he fu

nd

s - N

IL, P

revi

ou

s Y

ear

- N

IL

Fu

nd

Nam

eS

FIN

Co

de

Rati

os

as

at

Marc

h 3

1, 2014

Rati

os

as

at

Marc

h 3

1, 2013

FinancialsFinancials

147146

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Can

ara

HS

BC

Ori

en

tal B

an

k o

f C

om

merc

e L

ife I

nsu

ran

ce C

om

pan

y Ltd

.st

An

nexu

res

to S

ched

ule

16 f

or

the y

ear

en

ded

31

Marc

h, 2014

An

nexu

re 6

Un

it L

ink

ed

Dis

clo

sure

s -

Oth

er

Dis

clo

sure

sIn

du

stry

wis

e d

iscl

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re o

f In

vest

men

ts w

ith

Exp

osu

re o

f 10%

an

d a

bo

ve s

egre

gate

d a

t sc

rip

leve

lst

Fo

r th

e y

ear

en

ded

31

Marc

h, 2013

Fu

nd

Nam

e : D

isco

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nu

ed

Po

licy

Fu

nd

SF

IN C

od

e : U

LIF

01319/0

9/1

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ISC

FN

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000)

Secu

rity

C

ate

go

ryIn

vest

men

t A

mou

ntP

erc

en

tage o

f F

un

dS

.No.

Ind

ust

ry S

ect

or

Inve

stm

ent

9

.25

% C

orp

ora

tion

Ban

k FD

(MD

17

-03

-20

14

) Qrt

ly C

mpd

g D

ebt

60

,00

0

3.6

7%

9

.15

% K

OTA

K M

AH

IND

RA

BA

NK

FD

(MD

27

-01

-20

14

) Qtr

ly C

mpd

g D

ebt

50

,50

0

3.0

9%

8

.85

% S

tate

Ban

k o

f Tra

vanc

ore

FD

(MD

27

-11

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13

) Qrt

ly C

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50

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0

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9

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Sta

te B

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of T

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D (M

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Deb

t 5

0,0

00

3

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%

9

% S

tate

Ban

k o

f Pat

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FD

(MD

01

/11

/20

13

) Qtly

Cm

pdg

Deb

t 5

0,0

00

3

.05

%

9

.10

% U

CO

BA

NK

FD

(MD

05

-03

-20

14

) Qtr

ly C

mpd

g D

ebt

49

,50

0

3.0

2%

1

M

one

tary

inte

rmed

iatio

n o

f co

mm

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al

9.2

5%

AX

IS B

AN

K F

D (M

D 2

5-0

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4) Q

trly

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pdg

Deb

t 4

9,5

00

3

.02

%

bank

s, sa

ving

ban

ks. p

ost

al sa

ving

s ban

k 9

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% A

XIS

BA

NK

FD

(MD

28

-07

-20

14

) Qtr

ly C

mpd

g D

ebt

49

,50

0

3.0

2%

and

disc

oun

t ho

uses

9

.25

% C

orp

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Ban

k FD

(MD

13

-03

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14

) Qrt

ly C

mpd

g D

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30

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0

1.8

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9

.25

% Y

es B

ank

FD (M

D 2

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Deb

t 9

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0

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9

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es B

ank

FD (M

D 2

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9

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9

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es B

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FD (M

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t 9

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0

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9

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% Y

es B

ank

FD (M

D 2

5-0

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trly

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Deb

t 9

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0

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9

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% Y

es B

ank

FD (M

D 2

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t 9

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tal

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0

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ther

s To

tal

1

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43

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G

ran

d T

ota

l

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43

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0%

Can

ara

HS

BC

Ori

en

tal B

an

k o

f C

om

merc

e L

ife I

nsu

ran

ce C

om

pan

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ited

stA

nn

exu

res

to S

ched

ule

16 f

or

the y

ear

en

ded

31

Marc

h, 2014

Deta

ils

of

Pen

al A

ctio

nA

nn

exu

re 7

(` '

000)

Au

tho

rity

N

on

-Co

mp

lian

ce/

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lati

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Pen

alt

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ward

ed

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alt

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aiv

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ed

uce

d

Am

ou

nt

S. N

o.

Pen

alt

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aid

1

In

sura

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Reg

ulat

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and

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hori

ty

NIL

N

IL

NIL

2

Se

rvic

e Ta

x A

utho

ritie

s

NIL

N

IL

NIL

3

In

com

e Ta

x A

utho

ritie

s

NIL

N

IL

NIL

4

A

ny o

ther

Tax

Aut

hori

ties

N

IL

NIL

N

IL

5

En

forc

emen

t Dir

ecto

rate

/ Adj

udic

atin

g A

utho

rity

/ Tri

buna

l or a

ny A

utho

rity

und

er F

EMA

N

IL

NIL

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6

R

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trar

of C

om

pani

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CLT

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/ Dep

artm

ent o

f Co

rpo

rate

Affa

irs o

r any

Aut

hori

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N

IL

NIL

N

IL

un

der C

om

pani

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ct, 1

95

6

7

Pe

nalty

aw

arde

d by

any

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urt/

Tri

buna

l fo

r any

mat

ter i

nclu

ding

cla

im se

ttle

men

t but

N

IL

NIL

N

IL

ex

clud

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com

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8

Se

curi

ties a

nd E

xcha

nge

Bo

ard

of I

ndia

N

IL

NIL

N

IL

9

C

om

petit

ion

Co

mm

issi

on

of I

ndia

N

IL

NIL

N

IL

1

0

Any

oth

er C

entr

al/S

tate

/Lo

cal G

ove

rnm

ent /

Sta

tuto

ry A

utho

rity

N

IL

NIL

N

IL

FinancialsFinancials

149148

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Can

ara

HS

BC

Ori

en

tal B

an

k o

f C

om

merc

e L

ife I

nsu

ran

ce C

om

pan

y Ltd

.st

An

nexu

res

to S

ched

ule

16 f

or

the y

ear

en

ded

31

Marc

h, 2014

An

nexu

re 6

Un

it L

ink

ed

Dis

clo

sure

s -

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Dis

clo

sure

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du

stry

wis

e d

iscl

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re o

f In

vest

men

ts w

ith

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osu

re o

f 10%

an

d a

bo

ve s

egre

gate

d a

t sc

rip

leve

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Fo

r th

e y

ear

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ded

31

Marc

h, 2013

Fu

nd

Nam

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isco

nti

nu

ed

Po

licy

Fu

nd

SF

IN C

od

e : U

LIF

01319/0

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Secu

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ate

go

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vest

men

t A

mou

ntP

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en

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f F

un

dS

.No.

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ust

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ect

or

Inve

stm

ent

9

.25

% C

orp

ora

tion

Ban

k FD

(MD

17

-03

-20

14

) Qrt

ly C

mpd

g D

ebt

60

,00

0

3.6

7%

9

.15

% K

OTA

K M

AH

IND

RA

BA

NK

FD

(MD

27

-01

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14

) Qtr

ly C

mpd

g D

ebt

50

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9%

8

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% S

tate

Ban

k o

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FD

(MD

27

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) Qrt

ly C

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of T

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D (M

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k o

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(MD

01

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t 5

0,0

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9

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% U

CO

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NK

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(MD

05

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IS B

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D (M

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bank

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ks. p

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ving

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NK

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(MD

28

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k FD

(MD

13

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9

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es B

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FD (M

D 2

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t 9

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9

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es B

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FD (M

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9

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FD (M

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FD (M

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FD (M

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FD (M

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t 9

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tal

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s To

tal

1

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ran

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100.0

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Can

ara

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en

tal B

an

k o

f C

om

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ran

ce C

om

pan

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ited

stA

nn

exu

res

to S

ched

ule

16 f

or

the y

ear

en

ded

31

Marc

h, 2014

Deta

ils

of

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al A

ctio

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nn

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re 7

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000)

Au

tho

rity

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on

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mp

lian

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alt

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ward

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alt

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ed

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Am

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S. N

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alt

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FinancialsFinancials

149148

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Canara HSBC Oriental Bank of Commerce Life Insurance Company LimitedstAnnexures to Schedule 16 for the year ended 31 March, 2014

Annexure 8

(` '000)Controlled Fund

1 Computation of Controlled fund as per the Balance Sheet

Policyholders' Fund (Life Fund)

Non Linked Non Participating

Individual Assurance 9,354,379 5,941,717

Pension 4,551,703 3,225,267

Linked Non Participating

Individual Assurance 61,891,005 49,238,116

Individual Pension 2,258,802 2,489,035

Non Linked Participating

Individual Assurance 614,642 -

Pension - -

Non Linked Variable

Individual Assurance 230,316 -

Pension 21,097 -

Funds for Future Appropriations - -

Total (A) 78,921,944 60,894,135

Shareholders Fund

Paid up Capital 9,500,000 9,500,000

Reserves & Surpluses 1,250,000 1,250,000

Fair Value Change 207 1,004

Total (B) 10,750,207 10,751,004

Misc. expenses not written off - -

Credit / (Debit) from P&L A/c. (6,677,907) (7,339,856)

Total (C ) (6,677,907) (7,339,856)

Total shareholders' funds (B+C) 4,072,300 3,411,148

Controlled Fund (Total (A+B+C)) 82,994,244 64,305,283

2 Reconciliation of the Controlled Fund from Revenue and Profit & Loss Account

Opening Balance of Controlled Fund 64,305,283 43,042,242

Add: Inflow

Income

Premium Income 18,058,822 19,121,466

Less: Reinsurance ceded (140,024) (130,556)

Net Premium 17,918,798 18,990,910

Investment Income 8,962,147 4,658,656

Other Income 4,112 -

Funds transferred from Shareholders' Accounts 1,031,986 528,953

Total Income 92,222,326 67,220,761

Less: Outgo

(i) Benefits paid (Net) 5,553,969 1,069,190

(ii) Interim Bonus Paid - -

(iii) Change in Valuation of Liability 18,027,809 19,527,078

(iv) Commission 369,765 550,240

(v) Operating Expenses 2,637,016 2,505,308

(vi) Provision for Taxation

(a) FBT - -

(b) I.T. - -

Total Outgo 26,588,559 23,651,816

Surplus of the Policyholders' Fund

Less: transferred to Shareholders' Account 1,328,484 526,703

Net Flow in Policyholders' account 64,305,283 43,042,242

Add: Net income in Shareholders' Fund 661,949 234,971

Net In Flow / Outflow

Add: change in valuation Liabilities 18,027,809 19,527,078

Add: Increase in Paid up Capital - 1,500,000

Closing Balance of Controlled Fund 82,995,041 64,304,291

As Per Balance Sheet 82,994,244 64,305,283

Difference, if any (See Note 1) 797 (992)

Particulars Current Year Previous YearS.No.

Canara HSBC Oriental Bank of Commerce Life Insurance Company LimitedstAnnexures to Schedule 16 for the year ended 31 March, 2014

Annexure 8

(` '000)Controlled Fund

3 Reconciliation with Shareholders' and Policyholders' Fund

Policyholders' Funds

3.1 Policyholders' Funds - Traditional-PAR, NON-PAR and Variable

Opening Balance of the Policyholders' Fund 9,166,984 4,965,264

Add: Surplus of the Revenue Account

Add: change in valuation Liabilities 5,605,153 4,201,720

Total 14,772,137 9,166,984

As per Balance Sheet 14,772,137 9,166,984

Difference, if any - -

3.2 Policyholders' Funds - Linked

Opening Balance of the Policyholders' Fund 51,727,151 36,401,793

Add: Surplus of the Revenue Account - -

Add: change in valuation Liabilities 12,422,656 15,325,358

Total 64,149,807 51,727,151

As per Balance Sheet 64,149,807 51,727,151

Difference, if any - -

Shareholders Funds

Opening Balance of Shareholders' Fund 3,411,148 1,675,185

Add: net income of Shareholders' account (P&L) 661,949 234,971

Add: Infusion of Capital - 1,500,000

Closing Balance of the Shareholders'' fund 4,073,097 3,410,156

As per Balance Sheet 4,072,300 3,411,148

Difference, if any (See Note 1) 797 (992)

Note:

1 Difference is on account of Fair Value Change in Shareholder's Funds.

Particulars Current Year Previous YearS.No.

FinancialsFinancials

151150

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Canara HSBC Oriental Bank of Commerce Life Insurance Company LimitedstAnnexures to Schedule 16 for the year ended 31 March, 2014

Annexure 8

(` '000)Controlled Fund

1 Computation of Controlled fund as per the Balance Sheet

Policyholders' Fund (Life Fund)

Non Linked Non Participating

Individual Assurance 9,354,379 5,941,717

Pension 4,551,703 3,225,267

Linked Non Participating

Individual Assurance 61,891,005 49,238,116

Individual Pension 2,258,802 2,489,035

Non Linked Participating

Individual Assurance 614,642 -

Pension - -

Non Linked Variable

Individual Assurance 230,316 -

Pension 21,097 -

Funds for Future Appropriations - -

Total (A) 78,921,944 60,894,135

Shareholders Fund

Paid up Capital 9,500,000 9,500,000

Reserves & Surpluses 1,250,000 1,250,000

Fair Value Change 207 1,004

Total (B) 10,750,207 10,751,004

Misc. expenses not written off - -

Credit / (Debit) from P&L A/c. (6,677,907) (7,339,856)

Total (C ) (6,677,907) (7,339,856)

Total shareholders' funds (B+C) 4,072,300 3,411,148

Controlled Fund (Total (A+B+C)) 82,994,244 64,305,283

2 Reconciliation of the Controlled Fund from Revenue and Profit & Loss Account

Opening Balance of Controlled Fund 64,305,283 43,042,242

Add: Inflow

Income

Premium Income 18,058,822 19,121,466

Less: Reinsurance ceded (140,024) (130,556)

Net Premium 17,918,798 18,990,910

Investment Income 8,962,147 4,658,656

Other Income 4,112 -

Funds transferred from Shareholders' Accounts 1,031,986 528,953

Total Income 92,222,326 67,220,761

Less: Outgo

(i) Benefits paid (Net) 5,553,969 1,069,190

(ii) Interim Bonus Paid - -

(iii) Change in Valuation of Liability 18,027,809 19,527,078

(iv) Commission 369,765 550,240

(v) Operating Expenses 2,637,016 2,505,308

(vi) Provision for Taxation

(a) FBT - -

(b) I.T. - -

Total Outgo 26,588,559 23,651,816

Surplus of the Policyholders' Fund

Less: transferred to Shareholders' Account 1,328,484 526,703

Net Flow in Policyholders' account 64,305,283 43,042,242

Add: Net income in Shareholders' Fund 661,949 234,971

Net In Flow / Outflow

Add: change in valuation Liabilities 18,027,809 19,527,078

Add: Increase in Paid up Capital - 1,500,000

Closing Balance of Controlled Fund 82,995,041 64,304,291

As Per Balance Sheet 82,994,244 64,305,283

Difference, if any (See Note 1) 797 (992)

Particulars Current Year Previous YearS.No.

Canara HSBC Oriental Bank of Commerce Life Insurance Company LimitedstAnnexures to Schedule 16 for the year ended 31 March, 2014

Annexure 8

(` '000)Controlled Fund

3 Reconciliation with Shareholders' and Policyholders' Fund

Policyholders' Funds

3.1 Policyholders' Funds - Traditional-PAR, NON-PAR and Variable

Opening Balance of the Policyholders' Fund 9,166,984 4,965,264

Add: Surplus of the Revenue Account

Add: change in valuation Liabilities 5,605,153 4,201,720

Total 14,772,137 9,166,984

As per Balance Sheet 14,772,137 9,166,984

Difference, if any - -

3.2 Policyholders' Funds - Linked

Opening Balance of the Policyholders' Fund 51,727,151 36,401,793

Add: Surplus of the Revenue Account - -

Add: change in valuation Liabilities 12,422,656 15,325,358

Total 64,149,807 51,727,151

As per Balance Sheet 64,149,807 51,727,151

Difference, if any - -

Shareholders Funds

Opening Balance of Shareholders' Fund 3,411,148 1,675,185

Add: net income of Shareholders' account (P&L) 661,949 234,971

Add: Infusion of Capital - 1,500,000

Closing Balance of the Shareholders'' fund 4,073,097 3,410,156

As per Balance Sheet 4,072,300 3,411,148

Difference, if any (See Note 1) 797 (992)

Note:

1 Difference is on account of Fair Value Change in Shareholder's Funds.

Particulars Current Year Previous YearS.No.

FinancialsFinancials

151150

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

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FinancialsFinancials

153152

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

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ou

nt

1

C

laim

s set

tled

but n

ot p

aid

to th

e po

licyh

old

ers/

insu

reds

due

to a

ny re

aso

ns

-

-

-

-

-

-

-

-

-

exce

pt u

nder

litig

atio

n fr

om

the

insu

red

/ po

licyh

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ers

2

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m d

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the

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red

/ po

licyh

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ers o

n m

atur

ity o

r oth

erw

ise

-

-

-

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-

-

-

-

-

3

A

ny e

xces

s co

llect

ion

of t

he p

rem

ium

/ ta

x o

r any

oth

er c

harg

es w

hich

is

16

,09

4

15

,80

1

26

3

12

1

2

4

2

-

-

refu

ndab

le to

the

polic

yho

lder

s eith

er a

s ter

ms o

f co

nditi

ons

of t

he p

olic

y o

r

as p

er la

w o

r as m

ay b

e di

rect

ed b

y th

e A

utho

rity

but

no

t ref

unde

d so

far

4

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hequ

es is

sued

but

no

t enc

ashe

d by

the

polic

yho

lder

/ in

sure

d*

74

,27

3

-

2

6,1

93

1

6,5

93

9

,49

7

10

,46

7

5,9

41

4

,22

3

1,3

59

Tota

l

90,3

67

15,8

01

26,4

56

16,6

05

9,5

09

10,4

71

5,9

43

4,2

23

1,3

59

* T

hese

do

no

t inc

lude

che

ques

whi

ch h

ave

been

issu

ed b

ut h

ave

not y

et a

ged

for m

ore

than

3 m

ont

hs

Can

ara

HS

BC

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en

tal B

an

k o

f C

om

merc

e L

ife I

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ran

ce C

om

pan

y Ltd

.st

A

nn

exu

res

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ched

ule

16 f

or

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ded

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Marc

h, 2014

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nexu

re 1

0

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icu

lars

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rse r

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nve

stm

en

t

(` '0

00)

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vio

us

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rage

ou

tsta

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du

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g t

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Maxim

um

ou

tsta

nd

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du

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Daily

ave

rage

ou

tsta

nd

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du

rin

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nd

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so

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Mar

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imu

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um

ou

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du

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tsta

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so

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1st

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ld u

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er

rep

o

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ove

rnm

ent s

ecur

ities

-

-

-

-

-

-

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ii C

orp

ora

te D

ebt s

ecur

ities

-

-

-

-

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-

-

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Secu

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54

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-

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-

-

-

FinancialsFinancials

153152

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Can

ara

HS

BC

Ori

en

tal B

an

k o

f C

om

merc

e L

ife I

nsu

ran

ce C

om

pan

y Lim

ited

stA

nn

exu

res

to S

ched

ule

16 f

or

the y

ear

en

ded

31

Marc

h, 2014

Dis

clo

sure

s re

lati

ng t

o F

un

d f

or

dis

con

tin

ued

po

lici

es

An

nexu

re 1

1

(` '

000)

Part

icu

lars

S

ub

-to

tal

Tota

l

Cu

rren

t Y

ear

Fu

nd

for

Dis

con

tin

ues

Po

lici

es

Ope

ning

Bal

ance

of F

unds

for D

isco

ntin

ued

Polic

ies

1

,63

6,9

43

28

5,7

72

Add

: Fun

d o

f po

licie

s dis

cont

inue

d du

ring

the

year

2

,73

1,2

04

1,5

35

,68

9

Less

: Fun

d o

f po

licie

s rev

ived

dur

ing

the

year

6

09

,07

1

2

48

,38

3

Add

: Net

Inco

me/

Gai

ns o

n in

vest

men

t of t

he F

und

22

3,9

29

69

,52

5

Less

: Fun

d M

anag

emen

t Cha

rges

levi

ed

15

,44

7

4

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2

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old

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urin

g th

e ye

ar

4,4

83

2

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31

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47

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71

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sing

Bal

ance

of F

und

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isco

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74

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36

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3

Oth

er

dis

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Num

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licie

s dis

cont

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d du

ring

the

year

26

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9

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74

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enta

ge o

f dis

cont

inue

d to

tota

l po

licie

s (pr

odu

ct w

ise)

dur

ing

the

year

*

UL

Dre

am S

mar

t Pla

n

36

.22

%

2

6.5

4%

UL

Futu

re S

mar

t Pla

n

20

.45

%

1

3.9

4%

UL

Gro

w S

mar

t Pla

n

24

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%

1

6.0

1%

UL

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w S

mar

t Pla

n - N

ew

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%

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%

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re S

mar

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n

14

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%

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re S

mar

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n-R

evis

ed

2

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6%

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Num

ber o

f po

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s rev

ived

dur

ing

the

year

84

2

3

22

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enta

ge o

f po

licie

s rev

ived

(to

dis

cont

inue

d po

licie

s) d

urin

g th

e ye

ar

3

.2%

1.5

%

Cha

rges

impo

sed

on

acco

unt o

f dis

cont

inue

d po

licie

s

54

,19

3

4

7,1

82

Cha

rges

read

just

ed o

n ac

coun

t of r

eviv

al o

f po

licie

s

2,1

34

63

9

stN

ote

: To

tal p

olic

ies h

as b

een

take

n as

an

Info

rced

po

licie

s as o

n 3

1 M

arch

, 20

14

Pre

vio

us

Year

Su

b-t

ota

l To

tal

RECEIPTS AND PAYMENTS ACCOUNTFOR THE YEAR ENDED MARCH 31, 2014

Name of the Insurer: Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited Registration No. 136; Date of Registration : May 8, 2008

Current Year Previous Year (` '000) (` '000) I Cash flows from operating activities

Cash receipts from customers

Gross Collections received as Premium 17,971,671 19,018,993

Gross Collections received as Deposits (18,256) (49,894)

Other Income 4,121 3,562

Cash paid towards operating activities

Reinsurance Payments (109,905) (75,854)

Expenses (2,512,591) (2,270,087)

Claimspaid (5,476,138) (1,034,074)

Commission paid (381,618) (582,779)

Advances and Deposits 70,535 174,845

Net cash used in operating Activities 9,547,819 15,184,712

II Cash flows from investing activities

Purchase of Fixed Assets (90,716) (65,494)

Sale of Fixed Assets 1,407 975

Investments

Purchase of Investment (430,701,349) (423,661,752)

Sale Proceeds of Investment 417,414,719 405,726,185

Interest and dividend received 3,065,707 1,782,817

Net cash used in investing activities (10,310,232) (16,217,269)

III Cash flows from financing activities

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

Net cash from financing activities - 1,500,000

Net increase in cash and cash equivalent (762,413) 467,443

Cash and cash equivalent at beginning of the year 1,253,688 786,245

Cash and cash equivalent at the end of the year 491,275 1,253,688

Break up as follows :

Cash (Including Cheques, Drafts and Stamps) 70,578 85,031

Balances with Banks 420,697 1,168,657

For Sahni Natarajan and Bahl For Mukund M. Chitale & Co. For and on behalf of the Board of Directors Chartered Accountants Chartered Accountants (Registration No. 002816N) (Registration No.106655W)

Sudhir Chhabra Saurabh Chitale R K Dubey Harpal Karlcut S L Bansal Partner Partner Chairman Alternate Director Director Membership no.: 083762 Membership no. : 111383 DIN : 03302782 DIN : 02000801 DIN : 02910086

Place : Gurgaon Place : Gurgaon John HoldenDate : May 09, 2014 Date : May 09, 2014 Chief Executive Officer & Whole-time Director DIN : 03301957

Chirag Rathod Anuj Mathur Appointed Actuary Chief Financial Officer & Company Secretary FCS : 5057

Place : Gurgaon Date : May 09,2014

FinancialsFinancials

155154

ANNUAL REPORT 2013 - 14ANNUAL REPORT 2013 - 14

Can

ara

HS

BC

Ori

en

tal B

an

k o

f C

om

merc

e L

ife I

nsu

ran

ce C

om

pan

y Lim

ited

stA

nn

exu

res

to S

ched

ule

16 f

or

the y

ear

en

ded

31

Marc

h, 2014

Dis

clo

sure

s re

lati

ng t

o F

un

d f

or

dis

con

tin

ued

po

lici

es

An

nexu

re 1

1

(` '

000)

Part

icu

lars

S

ub

-to

tal

Tota

l

Cu

rren

t Y

ear

Fu

nd

for

Dis

con

tin

ues

Po

lici

es

Ope

ning

Bal

ance

of F

unds

for D

isco

ntin

ued

Polic

ies

1

,63

6,9

43

28

5,7

72

Add

: Fun

d o

f po

licie

s dis

cont

inue

d du

ring

the

year

2

,73

1,2

04

1,5

35

,68

9

Less

: Fun

d o

f po

licie

s rev

ived

dur

ing

the

year

6

09

,07

1

2

48

,38

3

Add

: Net

Inco

me/

Gai

ns o

n in

vest

men

t of t

he F

und

22

3,9

29

69

,52

5

Less

: Fun

d M

anag

emen

t Cha

rges

levi

ed

15

,44

7

4

,81

2

Less

: Am

oun

t ref

unde

d to

po

licyh

old

ers d

urin

g th

e ye

ar

4,4

83

2

,32

6,1

31

8

47

1

,35

1,1

71

Clo

sing

Bal

ance

of F

und

for D

isco

ntin

ued

Polic

ies

3

,96

3,0

74

1,6

36

,94

3

Oth

er

dis

clo

sure

s

Num

ber o

f po

licie

s dis

cont

inue

d du

ring

the

year

26

,12

9

2

0,9

74

Perc

enta

ge o

f dis

cont

inue

d to

tota

l po

licie

s (pr

odu

ct w

ise)

dur

ing

the

year

*

UL

Dre

am S

mar

t Pla

n

36

.22

%

2

6.5

4%

UL

Futu

re S

mar

t Pla

n

20

.45

%

1

3.9

4%

UL

Gro

w S

mar

t Pla

n

24

.37

%

1

6.0

1%

UL

Gro

w S

mar

t Pla

n - N

ew

0

.05

%

0

.00

%

UL

Insu

re S

mar

t Pla

n

14

.36

%

4

0.5

9%

UL

Insu

re S

mar

t Pla

n-R

evis

ed

2

3.9

6%

0.0

0%

Num

ber o

f po

licie

s rev

ived

dur

ing

the

year

84

2

3

22

Perc

enta

ge o

f po

licie

s rev

ived

(to

dis

cont

inue

d po

licie

s) d

urin

g th

e ye

ar

3

.2%

1.5

%

Cha

rges

impo

sed

on

acco

unt o

f dis

cont

inue

d po

licie

s

54

,19

3

4

7,1

82

Cha

rges

read

just

ed o

n ac

coun

t of r

eviv

al o

f po

licie

s

2,1

34

63

9

stN

ote

: To

tal p

olic

ies h

as b

een

take

n as

an

Info

rced

po

licie

s as o

n 3

1 M

arch

, 20

14

Pre

vio

us

Year

Su

b-t

ota

l To

tal

RECEIPTS AND PAYMENTS ACCOUNTFOR THE YEAR ENDED MARCH 31, 2014

Name of the Insurer: Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited Registration No. 136; Date of Registration : May 8, 2008

Current Year Previous Year (` '000) (` '000) I Cash flows from operating activities

Cash receipts from customers

Gross Collections received as Premium 17,971,671 19,018,993

Gross Collections received as Deposits (18,256) (49,894)

Other Income 4,121 3,562

Cash paid towards operating activities

Reinsurance Payments (109,905) (75,854)

Expenses (2,512,591) (2,270,087)

Claimspaid (5,476,138) (1,034,074)

Commission paid (381,618) (582,779)

Advances and Deposits 70,535 174,845

Net cash used in operating Activities 9,547,819 15,184,712

II Cash flows from investing activities

Purchase of Fixed Assets (90,716) (65,494)

Sale of Fixed Assets 1,407 975

Investments

Purchase of Investment (430,701,349) (423,661,752)

Sale Proceeds of Investment 417,414,719 405,726,185

Interest and dividend received 3,065,707 1,782,817

Net cash used in investing activities (10,310,232) (16,217,269)

III Cash flows from financing activities

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

Net cash from financing activities - 1,500,000

Net increase in cash and cash equivalent (762,413) 467,443

Cash and cash equivalent at beginning of the year 1,253,688 786,245

Cash and cash equivalent at the end of the year 491,275 1,253,688

Break up as follows :

Cash (Including Cheques, Drafts and Stamps) 70,578 85,031

Balances with Banks 420,697 1,168,657

For Sahni Natarajan and Bahl For Mukund M. Chitale & Co. For and on behalf of the Board of Directors Chartered Accountants Chartered Accountants (Registration No. 002816N) (Registration No.106655W)

Sudhir Chhabra Saurabh Chitale R K Dubey Harpal Karlcut S L Bansal Partner Partner Chairman Alternate Director Director Membership no.: 083762 Membership no. : 111383 DIN : 03302782 DIN : 02000801 DIN : 02910086

Place : Gurgaon Place : Gurgaon John HoldenDate : May 09, 2014 Date : May 09, 2014 Chief Executive Officer & Whole-time Director DIN : 03301957

Chirag Rathod Anuj Mathur Appointed Actuary Chief Financial Officer & Company Secretary FCS : 5057

Place : Gurgaon Date : May 09,2014

FinancialsFinancials

155154

ON THE PATHTO CREATE

6 CRORE SMILES

ANNUAL REPORT2013-14

Canara HSBC Oriental Bank Of Commerce Life Insurance Company Limited (IRDA Regn. No. 136)

Registered Office:C-31 and C-32, First Floor, Connaught Circus, New Delhi - 110001

Corporate Office:Augusta Point, 2nd Floor, Golf Course Road,Sector-53, Gurgaon -122002, Haryana, India

Corporate Identity No.: U66010DL2007PLC248825Website: www.canarahsbclife.com

Call: 1800-103-0003/1800-180-0003(BSNL/MTNL)Give a missed call: 0124-6156600

SMS: 9779030003Email: customerservice@canarahsbclife.in