ACKO GENERAL INSURANCE LIMITED Registration No. 157 dated ... · ACKO GENERAL INSURANCE LIMITED Registration No. 157 and Date of Registration with the IRDAI September 18, 2017 Grand
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2 INCOME FROM INVESTMENTS(a) Interest, Dividend & Rent – Gross 39,021 67,280 19,165 30,686 (b) Profit on sale of investments 10,427 13,737 1,356 30,382 Less: Loss on sale of investments 1,970 4,003 1,232 1,373
3 OTHER INCOME (To be specified) - - - -
TOTAL (A) (653,385) (1,329,469) (61,512) (83,664)
4 PROVISIONS (Other than taxation) - - - - (a) For diminution in the value of investments
- - - -
(b) For doubtful debts - - - - (c) Others (to be specified) - - - -
5 OTHER EXPENSES(a) Expenses other than those related to Insurance Business
4,446 14,246 (1) 34,340
(b) Bad debts written off - - - - (c) Remuneration of MD/CEO/WTDs - - - - (d) Interest on subordinated debt - - - - (e) Expneses paid for Corporate Social Responsibility
- - - -
(f) Penality - - - - (g) Contribution to the Policyholders' Fund - - - -
(f) Others (To be specified)(i) ______(ii)______
- - - -
TOTAL (B) 4,446 14,246 (1) 34,340 6 Profit Before Tax - - - - 7 Provision for Taxation - - - -
8 Profit after tax (657,831) (1,343,715) (61,511) (118,004)9 APPROPRIATIONS
(a) Interim dividends paid during the year - - - -
(b) Proposed final dividend - - - - (c) Dividend distribution tax - - - - (d) Transfer to any Reserves or Other Accounts (to be specified)
- - - -
Balance of profit/ loss brought forward from last year
(119,672) (119,672) (1,668) (1,668)
Balance carried forward to Balance Sheet (777,503) (1,463,387) (63,179) (119,672)
Notes: to Form NL-1-B-RA and NL-2-B- PL(a) Premium income received from business concluded in and outside India shall be separately disclosed.
FORM NL-2-B-PL
ACKO GENERAL INSURANCE LIMITEDRegistration No. 157 and Date of Registration with the IRDAI September 18, 2017
PROFIT AND LOSS ACCOUNT FOR THE PERIOD ENDED MARCH 2019
(i) Contribution from the Shareholders' Account to policyholders' account as per the terms of Section 40C of the Insurance
(b) Reinsurance premiums whether on business ceded or accepted are to be brought into account gross (c) Claims incurred shall comprise claims paid, specific claims settlement costs wherever applicable and (d) Items of expenses and income in excess of one percent of the total premiums (less reinsurance)(e) Fees and expenses connected with claims shall be included in claims.(f) Under the sub-head "Others” shall be included items like foreign exchange gains or losses and other items.(g) Interest, dividends and rentals receivable in connection with an investment should be stated as gross amount, (h) Income from rent shall include only the realised rent. It shall not include any notional rent.
PERIODIC DISCLOSURES : Q4 (₹ IN' 000)
Pariculars ScheduleYTD
MAR-19YTD
MAR-18SOURCES OF FUNDSSHARE CAPITAL
NL-8-Share Capital Schedule
2,360,000 1,360,000
SHARE APPLICATION MONEY PENDING ALLOTMENT
- -
RESERVES AND SURPLUS NL-10-Reserves and Surplus Schedule
DEFERRED TAX ASSET - - CURRENT ASSETSCash and Bank Balances NL-15-Cash and
bank balance Schedule
77,957 21,355
Advances and Other Assets NL-16-Advancxes and Other Assets Schedule
236,636 71,193
Sub-Total (A) 314,593 92,548 CURRENT LIABILITIES NL-17-Current
Liabilities Schedule 1,003,799 34,847
PROVISIONS NL-18-Provisions Schedule
538,867 7,839
DEFERRED TAX LIABILITYSub-Total (B) 1,542,666 42,686 NET CURRENT ASSETS (C) = (A - B) (1,228,073) 49,862
MISCELLANEOUS EXPENDITURE (to the extent not written off or adjusted)
NL-19-Miscellaneous Expenditure Schedule
- -
DEBIT BALANCE IN PROFIT AND LOSS ACCOUNT
1,463,387 119,672
TOTAL 2,360,132 1,360,051
(₹ IN' 000)
ParticularsYTD
MAR-19YTD
MAR-181. Partly paid-up investments2. Claims, other than against policies, not acknowledged as debts by the company
- -
3. Underwriting commitments outstanding (in respect of shares and securities)
- -
4. Guarantees given by or on behalf of the Company
- -
5.Statutory demands/ liabilities in dispute, not provided for
- -
6. Reinsurance obligations to the extent not provided for in accounts
- -
7 .Others (to be specified) (a).________ (b). ________
- -
TOTAL - -
CONTINGENT LIABILITIES
FORM NL-3-B-BS
ACKO GENERAL INSURANCE LIMITEDRegistration No. 157 and Date of Registration with the IRDAI September 18, 2017
BALANCE SHEET AS AT March 2019
*Fair value change account and Investment are bifurcated between Shareholders and policyholders as per circular ref. no. IRDA/F&A/CIR/CPM/056/03/2016 dated April 04, 2016
Registration No. 157 and Date of Registration with the IRDAI September 18, 2017
Grand Total
Grand Total
Notes: (a) Reinsurance premiums whether on business ceded or accepted are to be brought into account, before deducting commission, under the head of reinsurance premiums.(b) Separate disclosure to be made for segment which contributes more than 10 percent of the Miscellaneous class of business under Other Segments
Miscellaneous
Miscellaneous
Total HealthMotor TP Total Motor HealthFIRE Marine Cargo Marine Hull Total Marine Travel Insurance
Marine Cargo Marine Hull Total Marine Motor OD Motor TP Travel InsuranceFIRE Total Motor Health Personal Accident
Personal Accident Workmen’s Compensation/ Employer’s LiabilityPublic/ Product Liability Aviation
Total Miscellaneous
Total MiscellaneousCrop Insurance Other segments **
Notes: (a) Reinsurance premiums whether on business ceded or accepted are to be
brought into account, before deducting commission, under the head of reinsurance premiums.
(b) Separate disclosure to be made for segment which contributes more than 10 percent of the Miscellaneous class of business under Other
- - - - - - - - 4 4 483 483 487 487 528 528 - - - - 528 528 - - - - - - - - - - - - - - 1,015 1,015 1,015 1,015 Less Claims Outstanding at the beginning of the year
- - - - - - - - - - 9 - 9 - - - - - - - - - - - - - - - - - - - - - - - 9 - 9 - Net Incurred Claims - - - - - - - - 4 4 474 483 478 487 528 528 - - - - 528 528 - - - - - - - - - - - - - - 1,005 1,015 1,005 1,015 Net Incurred Claims - - - - - - - - 4 4 474 483 478 487 528 528 - - - - 528 528 - - - - - - - - - - - - - - 1,005 1,015 1,005 1,015 -In India - - - - - - - - 4 4 474 483 478 487 528 528 - - - - 528 528 - - - - - - - - - - - - - - 1,005 1,015 1,005 1,015 -Outside India - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - *Estimates of IBNR and IBNER at the end of the period - - - - - - - - 4 4 483 483 487 487 528 528 - - - - 528 528 - - - - - - - - - - - - - - 1,015 1,015 1,015 1,015 *Estimates of IBNR and IBNER at the beginning of the period - - - - - - - - - - 9 - 9 - - - - - - - - - - - - - - - - - - - - - - - 9 - 9 - Notes:a) Incurred But Not Reported (IBNR), Incurred but not enough reported [IBNER] claims should be included in the amount for outstanding claims.b) Claims includes specific claims settlement cost but not expenses of managementc) The surveyor fees, legal and other expenses shall also form part of claims cost.d) Claims cost should be adjusted for estimated salvage value if there is a sufficient certainty of its realisation.e) Separate disclosure to be made for segment which contributes more than 10 percent of the Miscellaneous class of business under Other Segments
FORM NL-5 - CLAIMS SCHEDULE
Grand Total
Other Miscellaneous segment Total Miscellaneous Grand TotalFIRE Marine Cargo
ACKO GENERAL INSURANCE LIMITEDRegistration No. 157 and Date of Registration with the IRDAI September 18, 2017
Miscellaneous
Miscellaneous
Total Motor Health Personal Accident Travel Insurance Total HealthWorkmen’s Compensation/ Employer’s LiabilityPublic/ Product Liability Engineering Aviation Crop Insurance Other segments **Marine Hull
FIRE Marine Cargo Total MiscellaneousTotal Motor Health Personal Accident Travel Insurance Total HealthWorkmen’s Compensation/ Employer’s Liability EngineeringPublic/ Product Liability Other Miscellaneous segmentAviation Crop Insurance
Notes: (a) Items of expenses and income in excess of one percent of the total premiums (less reinsurance) or Rs.5,00,000 whichever is higher, shall be shown as a separate line item.(b) Separate disclosure to be made for segment which contributes more than 10 percent of the Miscellaneous class of business
Notes: (a) Items of expenses and income in excess of one percent of the total premiums (less reinsurance) or Rs.5,00,000
whichever is higher, shall be shown as a separate line item.(b) Separate disclosure to be made for segment which contributes more than 10 percent of the Miscellaneous class
of business
HealthMarine Hull Total Marine Motor OD Motor TP Total Motor
Workmen’s Compensation/ Employer’s LiabilityFIRE Marine Cargo Marine Hull Total Marine Motor OD Motor TP Total Motor
Less : Preliminary Expenses - - Expenses including commission or brokerage on Underwriting or subscription of shares
- -
Non-Convertible redeemable Preferrence Shares of Rs..... each
- -
TOTAL 2,360,000 1,360,000 Notes:(a) Particulars of the different classes of capital should be separately stated.(b) The amount capitalised on account of issue of bonus shares should be disclosed.(c) In case any part of the capital is held by a holding company, the same should be separately
ACKO GENERAL INSURANCE LIMITED
Registration No. 157 and Date of Registration with the IRDAI September 18, 2017
FORM NL-8-SHARE CAPITAL SCHEDULEPERIODIC DISCLOSURES : Q4
ShareholderYTD
MAR-19YTD
MAR-18
Number of Shares % of Holding Number of
Shares % of Holding
Promoters Indian - Acko Technologies & Services Private Limited
ACKO GENERAL INSURANCE LIMITEDRegistration No. 157 and Date of Registration with the IRDAI September 18, 2017
PERIODIC DISCLOSURES : Q4 (₹ IN' 000)
(₹ IN' 000)
S.no. ParticularsYTD
MAR-19YTD
MAR-181 Capital Reserve - - 2 Capital Redemption Reserve - - 3 Share Premium - -
General Reserves - - Less: Debit balance in Profit and Loss Account
- -
Less: Amount utilized for Buy-back - - 5 Catastrophe Reserve - - 6 Debenture Redemption Reserve - - 7 Other Reserves (to be specified) - -
ESOP Reserves - - 8 Balance of Profit in Profit & Loss
Account - -
TOTAL - - Notes:
4
(a) Additions to and deductions from the reserves should be disclosed under each of the specified heads.(b) DRR created in terms of Companies Act, 2013 and Rules made thereunder, IRDAI (Other Forms of Capital) Regulations, 2015
ACKO GENERAL INSURANCE LIMITED
Registration No. 157 and Date of Registration with the IRDAI September 18, 2017
FORM NL-10-RESERVE AND SURPLUS SCHEDULEPERIODIC DISCLOSURES : Q4
Notes:a) The extent to which the borrowings are secured shall be separately disclosed stating the nature of the security under each sub-head.b) Amounts due within 12 months from the date of Balance Sheet should be shown separatelyc) Debentures includes NCD issued as per IRDAI( Other Forms of Capital) Regulations 2015
ACKO GENERAL INSURANCE LIMITED
Registration No. 157 and Date of Registration with the IRDAI September 18, 2017FORM NL-11-BORROWINGS SCHEDULEPERIODIC DISCLOSURES : Q4
(₹ IN' 000)
S.No. ParticularsYTD
MAR-19YTD
MAR-18YTD
MAR-19YTD
MAR-18YTD
MAR-19YTD
MAR-18LONG TERM INVESTMENTS
1 Government securities and Government guaranteed bonds including Treasury Bills
206,234 151,349 293,459 1,707 499,693 153,056
2 Other Approved Securities - - - - 3 Other Investments - - - - - -
(b) Other Investments - - - - - - 5 Other than Approved Investments - - - - - -
TOTAL 270,221 666,099 384,510 7,514 654,731 673,613 GRNAD TOTAL 870,076 1,167,923 1,238,069 13,175 2,108,145 1,181,098
ParticularsYTD
MAR-19YTD
MAR-18YTD
MAR-19YTD
MAR-18YTD
MAR-19YTD
MAR-18Long Term Investments--Book Value 599,855 501,800 853,559 5,684 1,453,414 507,484 market Value 603,141 498,694 858,235 5,649 1,461,376 504,342
- - - - - - Short Term Investments-- - - - - - - Book Value 212,581 636,354 302,517 7,208 515,099 643,562 market Value 212,705 636,211 302,694 7,206 515,399 643,417
ACKO GENERAL INSURANCE LIMITEDRegistration No. 157 and Date of Registration with the IRDAI September 18, 2017
FORM NL-12 & 12A -INVESTMENT SCHEDULE
A) Aggregate Value of Investments other than Equity Shares and Mutual Fund
Notes:
Shareholders Policyholders Total
Shareholders Policyholders Total
PERIODIC DISCLOSURES : Q4
(b) Aggregate amount of company's investments other than listed equity securities and derivative instruments and also the market value thereof (c) Investments made out of Catastrophe reserve should be shown separately.(d) Debt securities will be considered as “held to maturity” securities and will be measured at historical cost subject to amortisation.(e) Investment Property means a property [land or building or part of a building or both] held to earn rental income or for capital appreciation or (f) Investments maturing within twelve months from balance sheet date and investments made with the specific intention to dispose of within
(ii) Associate - is an enterprise in which the company has significant influence and which is neither a subsidiary nor a joint venture of the company.(iii) Significant influence (for the purpose of this schedule) - means participation in the financial and operating policy decisions of a company, but A substantial or majority ownership by another investor does not necessarily preclude an investor from having significant influence.
(a) Investments in subsidiary/holding companies, joint ventures and associates shall be separately disclosed, at cost.(i) Holding company and subsidiary shall be construed as defined in the Companies Act, 1956 as amended by Company Act 2013:(ii) Joint Venture is a contractual arrangement whereby two or more parties undertake an economic activity, which is subject to joint control.(i) Joint control - is the contractually agreed sharing of power to govern the financial and operating policies of an economic activity to obtain
(₹ IN' 000)
S.no. ParticularsYTD
MAR-19YTD
MAR-181 SECURITY-WISE CLASSIFICATION
Secured - - (a) On mortgage of property - - (aa) In India - - (bb) Outside India - - (b) On Shares, Bonds, Govt. Securities - - (c) Others (to be specified) - - Unsecured - - TOTAL - -
2 BORROWER-WISE CLASSIFICATION - - (a) Central and State Governments - - (b) Banks and Financial Institutions - - (c) Subsidiaries - - (d) Industrial Undertakings - - (e) Others (to be specified) - - TOTAL - -
3 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 - -
4 MATURITY-WISE CLASSIFICATION - - (a) Short Term - - (b) Long Term - - TOTAL - -
Notes:
ACKO GENERAL INSURANCE LIMITEDRegistration No. 157 and Date of Registration with the IRDAI September 18, 2017
FORM NL-13-LOANS SCHEDULE
(d) Loans considered doubtful and the amount of provision created against such loans shall be disclosed.
(a) Short-term loans shall include those, which are repayable within 12 months from the date of balance sheet. Long term loans shall be the loans other than short-term loans.(b) Provisions against non-performing loans shall be shown separately.(c ) The nature of the security in case of all long term secured loans shall be specified in each case. Secured loans for the purposes of this schedule, means loans secured wholly or partly against an asset of the company.
OTHER ASSETS1 Income accrued on investments 62,119 30,487 2 Outstanding Premiums - -
Less : Provisions for doubtful debts3 Agents’ Balances - - 4 Foreign Agencies Balances - - 5 Due from other entities carrying on insurance
business (including reinsurers) 7,828 -
Less : Provisions for doubtful debts6 Due from subsidiaries/ holding - - 7 Others 25,545 -
TOTAL (B) 95,492 30,487 TOTAL (A+B) 236,636 71,193
Notes:
(c) Sundry Debtors will be shown under item 9(others)
(a) The items under the above heads shall not be shown net of provisions for doubtful amounts. The amount of provision against each head should be shown separately.(b) The term ‘officer’ should conform to the definition of that term as given under the Companies Act.
ACKO GENERAL INSURANCE LIMITED Registration No. 157 and Date of Registration with the IRDAI September 18, 2017
FORM NL-16-ADVANCES AND OTHER ASSETS SCHEDULE PERIODIC DISCLOSURES : Q4
(₹ IN' 000)
S.no. ParticularsYTD
MAR-19YTD
MAR-181 Agents’ Balances 3,699 - 2 Balances due to other insurance
companies 307,886 2,507
3 Deposits held on re-insurance ceded
- -
4 Premiums received in advance 84,978 773 (a) For Long term policies 58,252 (b) for Other Policies 26,727 773
5 Unallocated Premium - - 6 Sundry creditors 237,715 10,343 7 Due to subsidiaries/ holding
company 6,482 5,933
8 Claims Outstanding 216,697 1,015 9 Due to Officers/ Directors - -
10 Unclaimed amount of policyholder's funds #
- -
11 Interest payable on debentures/bonds etc.
- -
12 OthersStatutory Dues Payable 24,793 5,385 Due to Solatium fund 486 8 Deposit Premium 96,063 1,691 Employee Benefits 25,000 7,192
TOTAL 1,003,799 34,847
ParticularsYTD
MAR-19YTD
MAR-18Opening Balance - -
Add: Amount transferred to unclaimed amount - -
Add: Cheques issued out of the unclaimed amount but not encashed by the policyholders (To be included only when the
cheques are stale) - - Add: Investment Income - - Less: Amount paid during the year - -
Less: Transferred to SCWF - - Closing Balance of Unclaimed Amount - -
Details of unclaimed amounts andInvestment Income thereon
#Disclosure as per the requirement of circular no. IRDA/F&A/CIR/CLD/114/05/2015 dated May 28, 2015
ACKO GENERAL INSURANCE LIMITEDRegistration No. 157 and Date of Registration with the IRDAI September 18, 2017
FORM NL-17-CURRENT LIABILITIES SCHEDULEPERIODIC DISCLOSURES : Q4
(₹ IN' 000)
S.no. ParticularsYTD
MAR-19YTD
MAR-181 Reserve for Unexpired Risk 501,557 7,181 2 Reserve for Premium Deficiency 34,526 - 3 For taxation (less advance tax paid and
taxes deducted at source) - -
4 For proposed dividends - - 5 For dividend distribution tax - - 6 Others
______________Provision on gratutity 2,784 658 TOTAL 538,867 7,839
ACKO GENERAL INSURANCE LIMITEDRegistration No. 157 and Date of Registration with the IRDAI September 18, 2017
FORM NL-18-PROVISIONS SCHEDULEPERIODIC DISCLOSURES : Q4
(₹ IN' 000)
S.no. ParticularsYTD
MAR-19YTD
MAR-181 Discount Allowed in issue of shares/
debentures - -
2 Others (to be specified) - - TOTAL - -
Notes:(a) No item shall be included under the head “Miscellaneous Expenditure” and carried forward unless: 1. some benefit from the expenditure can reasonably be expected to be received in future, and 2. the amount of such benefit is reasonably determinable.(b) The amount to be carried forward in respect of any item included under the head “Miscellaneous Expenditure” shall not exceed the expected future revenue/other benefits related to the expenditure.
ACKO GENERAL INSURANCE LIMITEDRegistration No. 157 and Date of Registration with the IRDAI September 18, 2017
FORM NL-19 MISC EXPENDITURE SCHEDULEPERIODIC DISCLOSURES : Q4
NL-21-Rel Par IRDA Periodic Disclosures
QTDMAR-19
YTDMAR-19
QTDMAR-18
YTDMAR-18
Subscription received for additional share capital 10,000 10,000 - 13,100
Premium received (56) 3,221 - - Payment of technology support and services 168 649 55 55 Premium Deposit 516 516 - - Amount payable / (receivable) at the balance sheet date (1) 65 59.33 59.33 Claims paid 472 472 - - Commission towards broking services 15 15 -
Amount payable / (receivable) at the balance sheet date 11 11 - -
Varun Dua Managing Director & CEODeepak Angrula Whole-time DirectorJitendra Nayyar Chief Financial OfficerKarishma Desai Company SecretaryMr. Biresh Giri Appointed Actuary & CROMr. Manish Thakur Chief Investment OfficerMr. Animesh Das Chief Underwriting Officer
92.11 267.71
1Acko Technology & Services Private Limited
Holding Company
2Coverfox Insurance Broking Private Limited
Private company in which director is a shareholder
*including the premium flow through Assocaites/ Group companies as an agent
3 Salary Bonus and Other Allowances 72 412
Nature of Relationship with the Company
Description of Transactions / Categories Consideration paid / received*
ACKO GENERAL INSURANCE LIMITEDRegistration No. 157 and Date of Registration with the IRDAI September 18, 2017
PERIODIC DISCLOSURESFORM NL-21: Related Party Transactions
Related Party Transactions(Rs in Lakhs)
Sl.No. Name of the Related Party
Page 1 of 1
Acko General Insurance LimitedRegistration No.:157 dated 18th September 2017
Amount in INR
For the qtr Upto the qtr For the qtr Upto the qtr For the qtrUpto
the qtr For the qtr Upto the qtr For the qtr Upto the qtr For the qtr Upto the qtr For the qtr Upto the qtr For the qtr Upto the qtr For the qtr Upto the qtrFor the
1 No. of Reinsurers with rating of AAA and above2 No. of Reinsurers with rating AA but less than AAA 2.00 996.70 19.45 96.14%3 No. of Reinsurers with rating A but less than AA 2.00 38.67 2.16 3.86%4 No. of Reinsurers with rating BBB but less than A 5 No. of Reinsurers with rating less than BBB6 No. of Indian Insurers7 Not Rated8 Placement by lead insurer Total 4.00 1,035.37 21.62 - 100%
No. of reinsurers Premium ceded to reinsurers Premium ceded to reinsurers / Total reinsurance premium ceded (%)
(Rs. In Lakhs)
ACKO GENERAL INSURANCE LIMITEDRegistration No. 157 and Date of Registration with the IRDAI September 18, 2017
PERIODIC DISCLOSURES : Q4
Reinsurance Risk Concentration
Acko General Insurance LimitedRegistration Number 157 Dated 18th September 2017
FORM NL-24 - AGEING OF CLAIMS FOR THE QUARTER ENDED 31st March 2019(` in Lakhs)
Marine Cargo - Marine - Other than Cargo - Motor 1,239
ACKO GENERAL INSURANCE LIMITED
Line of Business Gross Incurred claims
Fire -
PERIODIC DISCLOSURESFORM NL-26 - CLAIMS INFORMATION - KG TABLE I AS AT 31st March 2019PERIODIC DISCLOSURES : Q4
Registration No. 157 and Date of Registration with the IRDAI September 18, 2017
Acko General Insurance LimitedRegistration Number 157 Dated 18th September 2017
Sl. No. Number1 32 03 Out of approvals of previous year 04 Out of approvals of this Quarter 05 06 37 08 09 3
No. of branches closed during the QuarterNo of branches at the end of the QuarterNo. of branches approved but not openedNo. of rural branchesNo. of urban branches
No. of branches opened during the Quarter
FORM NL-27 - OFFICES INFORMATION FOR NON LIFE AS ON March 31 2019PERIODIC DISCLOSURES : Q4
Office InformationNo. of offices at the beginning of the Quarter (As on 1.01.2019)No. of branches approved during the Quarter
No PARTICULARS SCH ++ AMOUNT1 Investments 8 & 8A 21,081.462 Loans 9 03 Fixed Assets 10 166.884 Current Assets
a. Cash & Bank Balance 11 787.00b. Advances & Other Assets 12 5,797.81
5 Current Liabilitiesa. Current Liabilities 13 -13,118.04b. Provisions 14 -5,645.51c. Misc. Exp not Written Off 15 0.00d. Debit Balance of P&L A/c 14,531.73
Application of Funds as per Balance Sheet (A)
32,064.97
Less: Other Assets SCH ++ Amount1 Loans (if any) 9 02 Fixed Assets (if any) 10 166.883 Cash & Bank Balance (if any) 11 787.004 Advances & Other Assets (if any) 12 5,797.815 Current Liabilities 13 -13,118.046 Provisions 14 -5,645.517 Misc. Exp not Written Off 15 0.008 Investments held outside India9 Debit Balance of P&L A/c 14,531.73
TOTAL (B)
10,983.51
'Investment Assets' As per FORM 3B (A-B) 21,081.46
Statement as on: 31st March 2019Statement of Investment Assets (General Insurer, Re-insurers)(Business within India)
ACKO GENERAL INSURANCE LIMITEDRegistration No. 157 and Date of Registration with the IRDAI September 18, 2017
Periodicity of Submission: PERIODIC DISCLOSURES : Q4
FORM NL-28-STATEMENT OF ASSETS - 3B
Note: 1. (+) FRSM refers 'Funds representing Solvency Margin' 2. Other Investments' are as permitted under 27A(2) 3. Pattern of Investment is applicable to both Shareholders funds representing solvency margin and policyholders funds. 4. Exposure Norms shall apply to Funds held beyond Solvency Margin, held in a separate Custody Account 5. SCH (++) refers to Schedules to Balance Sheet, prepared as per IRDAI (Preparation of Fin. Stmt and Auditors' Report of Ins Companies) Regulations
No 'Investment' represented as Reg. %SH PH
Book Value (SH + PH) %
Actual
FVC Amou
Total Market Value
Certified that the information given herein are correct and complete and nothing has been concealed or suppressed to the best of my knowledge and belief.
NL-29-Debt Sec IRDA Periodic Disclosures
PERIODIC DISCLOSURES : Q4 (Rs in Lakhs)
As at Mar 31, 2019
as % of total for this class
As at Mar 31, 2018
as % of total for this class
As at Mar 31, 2019
as % of total for this class
As at Mar 31, 2018
as % of total for this class
Break down by credit ratingAAA rated 10,574.79 54.23 6,301.51 56.13 10,539.93 54.28 6,321.35 56.14AA or better 1,001.55 5.14 497.58 4.43 998.10 5.14 496.72 4.41Rated below AA but above A 492.19 2.52 0.00 0.00 500.03 2.58 0.00 0.00Rated below A but above B 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Any other 7,432.44 38.11 4,428.51 39.44 7,380.30 38.01 4,442.38 39.45
Total (A)
BREAKDOWN BY RESIDUALMATURITY
Up to 1 year 4,887.21 25.06 6,184.17 55.08 4,884.21 25.15 6,185.62 54.93more than 1 yearand upto 3years 6,024.54 30.89 4,552.84 40.55 6,007.62 30.94 4,576.87 40.65
More than 3years and up to 7years 3,561.54 18.26 490.58 4.37 3,535.91 18.21 497.97 4.42
Breakdown by type of the issurera. Central Government 5,393.02 27.66 3,921.97 34.93 5,376.39 27.69 3,934.44 34.94b. State Government 2,039.42 10.46 506.54 4.51 2,003.90 10.32 507.94 4.51c.Corporate Securities 12,068.53 61.89 6,799.08 60.56 12,038.06 61.99 6,818.08 60.55Total (C )
Note1. In case of a debt instrument is rated by more than one agency, then the lowest rating will be taken for the purpose of classification. 2. Market value of the securities will be in accordnace with the valuation method specified by the Authority under Accounting/ Investment regulations.3. Total A, B and C shhould match with each other and with debt securities reported under NL-12 and 12A (Investments). Other Debt Securities to be reported seprately
PERIODIC DISCLOSURES
Detail Regarding debt securitiesMARKET VALUE Book Value
FORM NL-29
Page 1 of 1
NL-30-Ana Rat IRDA Periodic Disclosures
Sl.No. Particular Calculation QTDMAR-19
YTDMAR-19
QTDMAR-18
YTDMAR-18
1 Gross Direct Premium Growth Rate** [GDPI(CY)-GDPI(PY)] / GDPI(PY) NA NA NA NA
2Gross Direct Premium to Net worth Ratio
GDPI / Shareholder's funds Shareholder's funds/Net Worth =Share capital+reserve and surplus-Miscellaneous expenditure-debit balance in profit and loss account )Shareholders' funds /Net Worth comprise of Share Capital plus all Reserves and Surplus (except revaluation Reserve and fair value changeaccount) net of accumulated losses and Miscellaneous expenditure to the extentnot written off as at the Balance Sheet date
- 1.58 0.01 0.01
3 Growth rate of Net Worth(Shareholder's funds(CY)-Shareholder's funds(PY)) /Shareholder's funds(PY)
-27.71% -27.71% 2466.27% 2466.27%
4 Net Retention Ratio** Net written premium/Gross direct premium
66.75% 69.24% 36.50% 39.73%
5 Net Commission Ratio** Net Commission/Net written premium 0.20% -2.51% -2.13% -1.87%
6 Expense of Management to Gross Direct Premium Ratio**
(Direct Commission+Operating Expenses)/Gross direct premium
140.01% 116.18% 888.17% 1521.68%
7 Expense of Management to Net Written Premium Ratio**
(Direct Commission+Operating Expenses)/Net Written Premium
174.89% 167.78% 958.73% 1640.48%
8 Net Incurred Claims to Net Earned Premium**
Net Incurred Claims/Net Earned Premium
71.52% 58.61% 76.49% 76.70%
9 Claims paid to claims provisions** Claim Paid (pertaining to provisions made previously)/claims provision
Investment income (Revenue) /Net Earned PremiumInvestment income (Revenue)= Profit/ Loss on sale/redemption of Investments+Interest, Dividend & Rent – Gross (net of investment expenses)
9.11% 7.91% 7.10% 7.10%
12Technical Reserves to net premium ratio **
[(Reserve for unexpired risks+premium deficiency+reserve for outstanding claims(including IBNR and IBNER) ]/Net premium written
0.77 0.77 0.96 0.96
13 Underwriting balance ratio
Underwriting results/Net earned premium
Underwriting results= Net earned premium-Net incurred claims-Net commission-Operating Expenses (Before adjusting trasfer to Profit and loss account as per Section 40C)- Premium Deficiency
Liquid Assets/Policyholders liabilitiesLiquid Assets = Short term investments+Short term loans+Cash & Bank balances
Policyholders liabilities=Outstanding Claims including Incurred But Not Reported (IBNR) &Incurred But Not Enough Reported (lBNER)+Unearned Premium Reserve+ Premium Deficiency Reserve,if any+ Catastrophe Reserve,if any; and+ Other Liabilities net off Other Assets Other Liabilities in point (e) above, comprise of (i) Premium received in advance (ii) Unallocated premium (iii) Balance due to OTHERInsuranceCompanies (iv) Due to other Members of a Pool such as Third Party Pool; Terrorism Pool; etc. (vi) Sundry creditors (due to Policyholders).
0.97 0.97 0.85 0.85
16 Net earning ratio Profit after tax/Net Premium written -255.31% -275.29% -1945.00% -1387.48%17 Return on net worth ratio Profit after tax/Net Worth -73.37% -149.87% -5.09% -9.51%
18 Available Solvency argin Ratio to Required Solvency Margin Ratio
to be taken from solvency margin reporting
1.78 1.78 2.48 2.48
19 NPA Ratio to be taken from NPA reporting #REF! #REF!Gross NPA Ratio
Net NPA Ratio
20 Debt Equity Ratio Debt/EquityEquity=Shareholder's funds
- - - -
21 Debt Service Coverage Ratio
Earnings available for debt service/Interest Instalments ( principal component)
- - - -
22 Interest Service Coverage Ratio Earnings Before Interest and Tax [EBIT]/Interest
- - - -
23Total Quantum of the instruements as issued under IRDAI (other Forms of Capital), Regulations
- - - -
-Percent of total of paid up Equity Share capital and Securities Premimums shall not exceed 25 percent
- - - -
-Percent of the Net Worth shall not exceed50 percent
- - - -
24 Earnings per share Profit /(loss) after tax/No. of shares ₹ 8.47 ₹ 8.47 ₹ 1.19 ₹ 1.1925 Dividend per share Dividend/No. of shares 0 0 0 026 Book value per share Net worth/No. of shares ₹ 3.80 ₹ 3.80 ₹ 9.12 ₹ 9.12
** Segmental Reporting up to the quarter
Segments Gross Direct Premium Growth Rate** Net Retention Ratio**Net
Commission Ratio**
Expense of Management
to Gross Direct
Premium Ratio**
Expense of Management to
Net Written Premium Ratio**
Net Incurred Claims to Net
Earned Premium**
Claims paid to claims provisions**
Combined Ratio**
Technical
Reserves to net
premium
ratio **
Underwriting
balance ratio
FIRE - - - - - - - - - - Current Period - - - - - - - - - - Previous Period - - - - - - - - - - Marine Cargo - - - - - - - - - - Current Period - - - - - - - - - - Previous Period - - - - - - - - - - Marine Hull - - - - - - - - - - Current Period - - - - - - - - - - Previous Period - - - - - - - - - - Total Marine - - - - - - - - - - Current Period - - - - - - - - - - Previous Period - - - - - - - - - - Motor OD - - - - - - Current Period NA 42.99% -4.74% - - - - - - -8.51 Previous Period NA 45.00% -23.91% - - - - - - 24.87 Motor TP - - - - - - Current Period NA 92.65% 0.13% - - - - - - -6.34 Previous Period NA 95.00% -0.26% - - - - - - 16.84 Total Motor - - - - - - Current Period NA 74.55% -0.89% - - - - - - -6.74 Previous Period NA 92.48% -0.84% - - - - - - 17.04 Health - - - - - - Current Period NA 94.32% -0.55% - - - - - - -0.88 Previous Period NA 95.00% -0.52% - - - - - - 16.10 Personal Accident - - - - - - Current Period NA 95.00% 1.30% - - - - - - -1.76 Previous Period NA NA NA - - - - - - NATravel Insurance - - - - - - Current Period - - - - - - - - - 0.00%Previous Period - - - - - - - - - 0.00%Total Health - - - - - - Current Period NA 94.35% -0.48% - - - - - - -0.92 Previous Period NA 95.00% -0.52% - - - - - - 16.10 Workmen’s Compensation/ Employer’s liability - - - - - - Current Period - - - - - - - - - 0.00%Previous Period - - - - - - - - - 0.00%Public/ Product Liability - - - - - - Current Period NA 35.00% -14.93% - - - - - - -3.41 Previous Period NA NA NA - - - - - - NAEngineering - - - - - - Current Period - - - - - - - - - - Previous Period - - - - - - - - - - Aviation - - - - - - - - - - Current Period - - - - - - - - - - Previous Period - - - - - - - - - - Crop Insurance - - - - - - - - - - Current Period - - - - - - - - - - Previous Period - - - - - - - - - - Other segments ** - - - - - - - - - - Current Period - - - - - - - - - - Previous Period - - - - - - - - - - Total Miscellaneous NA - Current Period NA 69.24% -2.51% 116.18% 167.78% 58.61% NA 222.50% 0.77 -2.88 Previous Period NA 39.73% -1.87% 1521.68% 1640.48% 76.70% NA 1717.18% 0.96 NATotal-Current Period NA 69.24% -2.51% 116.18% 167.78% 58.61% NA 222.50% 0.77 -2.88 Total-Previous Period NA 39.73% -1.87% 1521.68% 1640.48% 76.70% NA 1717.18% 0.96 NA
PERIODIC DISCLOSURES
Analytical Ratios for Non-Life companies
ACKO GENERAL INSURANCE LIMITEDRegistration No. 157 and Date of Registration with the IRDAI September 18, 2017
FORM NL-20 Analytical Ratios(Rs in Lakhs)PERIODIC DISCLOSURES : Q4
Page 1 of 1
NL-31-Rel Par IRDA Periodic Disclosures
QTDMAR-19
YTDMAR-19
QTDMAR-18
YTDMAR-18
Subscription received for additional share capital 10,000 10,000 - 13,100
Premium received (56) 3,221 - - Payment of technology support and services 168 649 55 55 Premium Deposit 516 516 - - Amount payable / (receivable) at the balance sheet date (1) 65 59.33 59.33 Claims paid 472 472 - - Commission towards broking services 15 15 -
Amount payable / (receivable) at the balance sheet date 11 11 - -
Varun Dua Managing Director & CEODeepak Angrula Whole-time DirectorJitendra Nayyar Chief Financial OfficerKarishma Desai Company SecretaryMr. Biresh Giri Appointed Actuary & CROMr. Manish Thakur Chief Investment OfficerMr. Animesh Das Chief Underwriting Officer
*including the premium flow through Assocaites/ Group companies as an agent
ACKO GENERAL INSURANCE LIMITEDRegistration No. 157 and Date of Registration with the IRDAI September 18, 2017
FORM NL31: Related Party TransactionsPERIODIC DISCLOSURES
412 267.71
Related Party Transactions
Sl.No. Name of the Related PartyNature of Relationship with
the CompanyDescription of Transactions / Categories
Consideration paid / received*
1
Salary Bonus and Other Allowances3
Acko Technology & Services Private Limited
(Rs in Lakhs)
Holding Company
72 92.11
2Coverfox Insurance Broking Private Limited
Private company in which director is a shareholder
Page 1 of 1
Acko General Insurance LimitedRegistration Number 157 Dated 18th September 2017
Products and/or add-ons introduced during the quarter ended 31st March 2019Sl. No.Name of Product Co. Ref. No. IRDA Ref.no. Class of Business Category of product Date of filing of Product Date IRDA confirmed filing/ approval
1 Compulsory Personal Accident (Owner-Driver) under Motor Insurance Policies IRDAN157RP0024V01201819 Motor Retail 12/26/2018 1/1/20192 Group Health & Accident Care ACKHLGP19122V011819 Group Health Commercial 2/11/2019 2/12/2019
PERIODIC DISCLOSURESFORM NL-32 - PRODUCTS INFORMATION AS AT 31st March 2019PERIODIC DISCLOSURES : Q4
No Name of the Security COI AmountDate of Purchase
Rating AgencyOriginal Grade
Current Grade
Date of last Downgrade
Remarks
A. During the Quarter ¹
HTDN CARE AAA AA+ 3-Feb-19
HORD CARE AA+ AA- 6-Mar-19
HORD CARE AA- A 31-Mar-19
HTDN CARE AAA AA+ 3-Feb-19
HORD CARE AA+ AA- 6-Mar-19
B. As on Date ²
HTDN CARE AAA AA+ 3-Feb-19
HORD CARE AA+ AA- 6-Mar-19
HORD CARE AA- A 31-Mar-19
CERTIFICATION
Certified that the information given herein are correct and complete to the best of my knowledge and belief and nothing has been concealed or suppressed.
Rs. LakhsPeriodicity of Submission: Q4
Statement of Down Graded Investments
Company Name & Code: ACKO General Insurance Limited & 157
FORM NL-32-DOWN GRADING OF INVESTMENT-2
1 Provide details of Down Graded Investments during the Quarter.2 Investments currently upgraded, listed as Down Graded during earlier Quarter shall be deleted from the Cumulative listing.3 FORM-2 shall be prepared in respect of each fund. In case of ULIP FORM 2 shall be prepared at Segregated Fund (SFIN) level and also atconsolidated level.4 Category of Investmet (COI) shall be as per Guidelines issued by the Authority
1 9.10% DHFL BS 09-09-2019 500.03 8-May-18
2 9.10% DHFL BS 18-03-2019 - 12-Apr-18This security got matured on 18th March 2019.
1 9.10% DHFL BS 09-09-2019 500.03 8-May-18
Item Amount
(A) 12,459
(B) 7,528 (C) - (D) 4,931 (E) (0)
(F) 11,885
(G) 2,968 (H) 8,917 (I) 8,917 (J) 5,000 (K) 1.78
Total Required Solvency Margin [RSM]Solvency Ratio (Total ASM/Total RSM)
PERIODIC DISCLOSURES : Q4
Shareholder's FundsAvailable Assets in Shareholders’ Funds (as per Form IRDAI-GI-TA):Deduct:Other Liabilities (other liabilities in respect of Shareholders’ Fund as Excess in Shareholders’ Funds (F-G)Total Available Solvency Margin [ASM] (E+H)
Available Assets in Policyholders’ Funds (as per Form IRDAI-GI-TA)Deduct:Current Liabilities (as per FORM IRDAI-GI-TR)Provisions (as per BS )Other Liabilities (other liabilities in respect of Policyholders’ Fund as Excess in Policyholders’ Funds (A)-(B)-(C)-(D)
Registration No. 157 dated September 18, 2017FORM NL 33 - SOLVENCY MARGIN - KGII AS AT 31ST Mar. 2019
ParticularsPolicyholder's Funds
ACKO GENERAL INSURANCE LIMITED
(Amount in ₹)
Acko General Insurance LimitedRegistration Number 157 Dated 18th September 2017
FORM NL-34 - BOARD OF DIRECTORS AND KEY PERSONS AS ON March 31, 2019
Sl. No.
Name of person Role/designation
1 Mr. G N Agarwal Independent Director2 Mr.Srinivasan V Independent Director3 Ms. Ruchi Deepak Non-Executive Director4 Mr. Deepak Angrula Whole time Director5 Mr. Varun Dua Managing Director & CEO
Sl. No.
Name of person Role/designation
1 Mr. Varun Dua Managing Director & CEO2 Mr. Deepak Angrula Whole time Director3 Mr. Jitendra Nayyar Chief Financial Officer4 Mr. Manish Thakur Chief Investment Officer5 Mr. Biresh Giri Appointed Actuary6 Mr. Biresh Giri Chief Risk Officer7 Mr. Animesh Das Chief Underwriting Officer8 Ms. Karishma Desai Chief Compliance Officer & Company Secretary
No ChangeNo Change
PERIODIC DISCLOSURES : Q4Board of Directors
Details of change in the period
No ChangeNewly Appointed
No ChangeKey Persons
Details of change in the period
No Change
No Change
Key Persons as defined in IRDA (Registration of Insurance Companies) Regulations, 2000 & Guidelines on Reporting of Key Persons issued on 9th October 2013
No ChangeNo ChangeNo ChangeNo ChangeNo ChangeNo Change
%Has there
been revision?
AmountBoard
Approval Ref
Certified that the information given herein are correct and complete to the best of my knowledge and belief and nothing has been concealed or suppressed.Note:A. Category of Investmet (COI) shall be as per INV/GLN/001/2003-04B. FORM 7A shall be submitted in respect of each 'fund'.C. Classification shall be as per F&A-Circulars-169-Jan-07 Dt.24-01-07.
NIL
Default Interest (Book Value)
Principal Due from
Interest Due from
Deferred Principal
Deferred Interest
Rolled Over?
COI Company NameInstrument
Type
Interest RateTotal O/s
(Book Value)
Default Principal
(Book Value)
Company Name & Code: ACKO General Insurance Limited & 157Periodicity of Submission: Quarterly
FORM NL-35-NON PERFORMING ASSETS-7ADetails of Investment PortfolioPeriodicity of Submission : Q4
Has there been any Principal Waiver?
Classification
Provision (%)
Provision (Rs)
Rs. Lakhs
Book Value Market Value Book Value Market Value Book Value Market ValueCENTRAL GOVERNMENT SECURITIESCentral Government Bonds CGSB 4,812.41 3,009.66 125.68 10.59 10.59 4,313.92 3,009.66 341.69 7.92 7.92 1,915.33 1,518.91 40.54 2.12 2.12 Treasury Bills CTRB 1,693.69 2,383.36 30.10 7.21 7.21 1,238.88 2,383.36 50.72 4.09 4.09 2,714.63 2,403.06 65.57 2.42 2.42 STATE GOVERNMENT/OTHER APPROVED SEC./ OTHER GUARATEED SEC.Deposit under Section 7 of Insurance Act, 1938
CDSS - - - - - - - - - - - - - - -
State Government Bonds SGOA - - - - - - - - - - - - - - - Other Approved Securities (excluding Infrastructure Investments)
Total 19,594.00 21,164.07 427.79 16,608.90 21,164.07 1,131.94 16,398.66 11,778.11 306.79
Net Yield
Investment (Rs.) Income on Investment
No Category of InvestmentCategory
Code
Current Quarter Year to Date Previous Year
Investment (Rs.) Income on
Gross Yield
Net Yield (%)²
5
Certified that the information given herein are correct, complete and nothing has been concealed or suppressed, to the best of my knowledge and belief.
Note: Category of Investment (COI) shall be as per Guidelines, as amended from time to time
FORM NL-36-YIELD ON INVESTMENTS 1Company Name & Code: ACKO General Insurance Limited & 157
Statement of Investment and Income on InvestmentPeriodicity of Submission: Q4
Gross Yield (%)¹
Net Yield
1
2
3
4
Investment (Rs.) Income on
Gross Yield
Rs. Lakhs
No Name of the Security COI AmountDate of Purchase
Rating AgencyOriginal Grade
Current Grade
Date of last Downgrade
Remarks
A. During the Quarter ¹
HTDN CARE AAA AA+ 3-Feb-19
HORD CARE AA+ AA- 6-Mar-19
HORD CARE AA- A 31-Mar-19
HTDN CARE AAA AA+ 3-Feb-19
HORD CARE AA+ AA- 6-Mar-19
B. As on Date ²
HTDN CARE AAA AA+ 3-Feb-19
HORD CARE AA+ AA- 6-Mar-19
HORD CARE AA- A 31-Mar-19
8-May-18
Company Name & Code: ACKO General Insurance Limited & 157
FORM NL-37-DOWN GRADING OF INVESTMENT-2
Statement of Down Graded Investments
Periodicity of Submission: Quarterly
Periodicity of Submission: Q4
1 Provide details of Down Graded Investments during the Quarter.2 Investments currently upgraded, listed as Down Graded during earlier Quarter shall be deleted from the Cumulative listing.3 FORM-2 shall be prepared in respect of each fund. In case of ULIP FORM 2 shall be prepared at Segregated Fund (SFIN) level and also atconsolidated level.4 Category of Investmet (COI) shall be as per Guidelines issued by the Authority
CERTIFICATION
Certified that the information given herein are correct and complete to the best of my knowledge and belief and nothing has been concealed or suppressed.
1 9.10% DHFL BS 09-09-2019 500.03 8-May-18
2 9.10% DHFL BS 18-03-2019 - 12-Apr-18This security got matured on 18th March 2019.
1 9.10% DHFL BS 09-09-2019 500.03
Acko General Insurance LimitedRegistration No.:157 dated 18th September 2017
FORM NL-38 - BUSINESS RETURNS ACROSS LINE OF BUSINESS(Amount in INR)
Premium No. of Policies Premium No. of Policies Premium No. of Policies Premium No. of Policies1 Fire NA NA NA NA NA NA NA NA2 Cargo NA NA NA NA NA NA NA NA3 Motor TP 242,974,985 31,661 478,591,985 47,177 7,241,858 962 7,747,858 1,139 4 Motor OD 136,090,029 105,135 274,636,029 175,890 408,746 138 408,746 138 5 Engineering NA NA NA NA NA NA NA NA6 Workmen's Compensation NA NA NA NA NA NA NA NA7 Employer's Liability NA NA NA NA NA NA NA NA8 Aviation NA NA NA NA NA NA NA NA9 Personal Accident 9,392,624 2 13,020,624 6 NA NA NA NA
10 Health 126,606,877 8 303,767,877 24 1,012,399 3 1,012,399 3 11 Public/ Product Liability 14,938,763 9 348,882,763 24 NA NA NA NA12 Others* NA NA NA NA NA NA NA NA
Note:1. Premium stands for amount of premium2. The line of business which are not applicable for any company should be filled up with NA. Figure '0' in those fields will imply no business in the segment.*any other segment contributing more than 5% of the total premium needs to be shown separately
PERIODIC DISCLOSURES
Periodicity of Submission: Q4
Quarterly Business Returns across line of Business
Sl.No. Line of Business
For the Quarter ended 31st March 2019 For the period ended 31st March 2019 For the Quarter ended 31st March 2018 For the period ended 31st March 2018
Acko General Insurance LimitedRegistration No.:157 dated 18th September 2017
Sl.No. Line of Business ParticularNo. of Policies
IssuedPremium Collected Sum Assured
Rural - - - Social - - - Rural - - - Social - - - Rural 18,785.00 943.26 - Social - - - Rural 41,792.00 453.35 55,103.73 Social - - - Rural - - - Social - - - Rural - - - Social - - - Rural - - - Social - - - Rural - - - Social - - - Rural - - - Social 2.00 93.93 138,689,005.65 Rural - - - Social 2.00 192.42 14,539,044.69 Rural - - - Social - - -
*any other segment contributing more than 5% needs to be shown separately
4 Motor OD
5 Engineering
PERIODIC DISCLOSURESFORM NL-39 - RURAL AND SOCIAL OBLIGATIONS
Rural & Social Obligations for Quarter ended 31st Mar 2019
1 Fire
2 Cargo & Hull
( ` in Lakhs)
9 Personal Accident
10 Health
11 Others*
6 Workmen's Compensation
7 Employer's Liability
8 Aviation
3 Motor TP
Acko General Insurance LimitedRegistration No.:157 dated 18th September 2017
Grand Total (A+B) 136,815 530,003,634 223,121 1,418,899,278 1,103 8,663,320 1,280 9,169,003
Note:1. Premium means amount of premium received from business acquired by the source2. No of Policies stand for no. of policies sold3. Premium figures mentioned above is Gross Written Premium
PERIODIC DISCLOSURESFORM NL-40 - BUSINESS ACQUISITION THROUGH DIFFERENT CHANNELS
Sl.No.
Business Acquisition through different channels
Channels
For quarter ended 31st Mar 2019 Upto the quarter ended 31st Mar 2019 For quarter ended 31st Mar 2018 Upto the quarter ended 31st Mar 2018
No. of Policies PremiumPremium No. of Policies Premium No. of Policies Premium No. of Policies
Acko General Insurance LimitedRegistration Number 157 Dated 18th September 2017
2 Total no. of policies during previous year 13553 Total no. of Claims during previous year 14 Total no. of Policies during Current year 2231215 Total no. of Claims during Current year 248316 Total no.of Policy Complaints (Current year) per 10,000 policies Current year 4.93
7 Total no.of Claim Complaints (Current year) per 10,000 Claims registered (Current year) 12.48
8 Duration wise Pending Status Complaints made by customers
Complaints made by intermediaries
Total
a) Upto 7 Days 126 0 126b) 7 - 15 Days 9 0 9c) 15 - 30 Days 5 0 5d) 30 - 90 Days 1 0 1e) 90 Days & Beyond 0 0 0
Total Number of complaints 141 0 141
PERIODIC DISCLOSURES Q4FORM NL-41 - GREIVANCE DISPOSAL FOR THE QUARTER ENDED March 31, 2019
Sl No. Particulars Opening Balance *As on beginning of the Quarter
Additions during the Quarter
Complaints Resolved / Settled During Complaints Pending at the end of the Quarter