Location via proxy:   [ UP ]  
[Report a bug]   [Manage cookies]                
Scribd Logo
Upload

Welcome to Scribd!

  • 35 views

    Form L-32-Solvency Margin - KT 3

    Uploaded by

    jdchandrapal4980
    The document is a solvency margin form for Life Insurance Corporation of India for the fiscal years ending March 31, 2017 and March 31, 2016. It shows that the available solvency margin for policyholders' funds was Rs. 1,14,43,450 lakhs for 2017 and Rs. 1,00,67,199 lakhs for 2016. The available solvency margin for shareholders' funds was Rs. 10,000 lakhs for both years. The total available solvency margin was Rs. 1,14,53,450 lakhs for 2017 and Rs. 1,00,77,199 lakhs for 2016. The solvency ratio was 1.58 for

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Form L-32-Solvency Margin - KT 3

    Uploaded by

    jdchandrapal4980
    35 views1 page
    The document is a solvency margin form for Life Insurance Corporation of India for the fiscal years ending March 31, 2017 and March 31, 2016. It shows that the available solvency margin for policyholders' funds was Rs. 1,14,43,450 lakhs for 2017 and Rs. 1,00,67,199 lakhs for 2016. The available solvency margin for shareholders' funds was Rs. 10,000 lakhs for both years. The total available solvency margin was Rs. 1,14,53,450 lakhs for 2017 and Rs. 1,00,77,199 lakhs for 2016. The solvency ratio was 1.58 for

    Original Title

    LIC_32_Solvency-Margin_31-03-2017.pdf

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    The document is a solvency margin form for Life Insurance Corporation of India for the fiscal years ending March 31, 2017 and March 31, 2016. It shows that the available solvency margin for policyholders' funds was Rs. 1,14,43,450 lakhs for 2017 and Rs. 1,00,67,199 lakhs for 2016. The available solvency margin for shareholders' funds was Rs. 10,000 lakhs for both years. The total available solvency margin was Rs. 1,14,53,450 lakhs for 2017 and Rs. 1,00,77,199 lakhs for 2016. The solvency ratio was 1.58 for

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    35 views1 page

    Form L-32-Solvency Margin - KT 3

    Uploaded by

    jdchandrapal4980
    The document is a solvency margin form for Life Insurance Corporation of India for the fiscal years ending March 31, 2017 and March 31, 2016. It shows that the available solvency margin for policyholders' funds was Rs. 1,14,43,450 lakhs for 2017 and Rs. 1,00,67,199 lakhs for 2016. The available solvency margin for shareholders' funds was Rs. 10,000 lakhs for both years. The total available solvency margin was Rs. 1,14,53,450 lakhs for 2017 and Rs. 1,00,77,199 lakhs for 2016. The solvency ratio was 1.58 for

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    You are on page 1of 1

    L - 32 IRDA Public Disclosures

    FORM L-32-SOLVENCY MARGIN - KT 3


    (See Regulation 4)
    Insurance Regulatory and Development Authority (Actuarial Report and Abstract) Regulations, 2016.
    AVAILABLE SOLVENCY MARGIN AND SOLVENCY RATIO
    31st March, 2017
    Form Code: 015

    Name of Insurer: Life Insurance Corporation of India Registration Number: 512 Classification Code: 1

    Classification: Business within India

    Item Description Adjusted Value


    [Amount (` ` in lakhs)]
    31.03.2017 31.03.2016
    01 Available Assets in Policyholders' Fund: 23,43,88,281 20,84,23,365
    Deduct:
    02 Mathematical Reserves 22,29,30,972 19,75,54,364
    03 Other Liabilities 13,860 8,01,802
    04 Excess in Policyholders' funds 1,14,43,450 1,00,67,199

    05 Available Assets in Shareholders Fund: 10,000 10,000


    Deduct:
    06 Other Liabilities of shareholders’ fund 0 0
    07 Excess in Shareholders' funds 10,000 10,000

    08 Total ASM (04)+(07) 1,14,53,450 1,00,77,199

    09 Total RSM 72,69,039 65,16,056

    10 Solvency Ratio (ASM/RSM) 1.58 1.55


    Certification:
    I, , , the Appointed Actuary, certify that the above statements have been prepared in
    accordance with the section 64VA of the Insurance Act, 1938, and the amounts mentioned therein are true and fair
    to the best of my knowledge.

    Place: Name and Signature of Appointed Actuary


    Date:

    Notes
    1. Item No. 01 shall be the amount of the Adjusted Value of Assets as mentioned in Form IRDA-Assets- AA as
    specified under Schedule I of Insurance Regulatory and Development Authority (Assets, Liabilities, and
    Solvency Margin of Insurers) Regulations, 2016;
    2. Item No. 02 shall be the amount of Mathematical Reserves as mentioned in Form H;
    3. Item Nos. 03 and 06 shall be the amount of other liabilities as mentioned in the Balance Sheet;
    4. Items No. 05 shall be the amount of the Total Assets as mentioned in Form IRDA-Assets- AA as specified
    under Schedule I of Insurance Regulatory and Development Authority (Assets, Liabilities, and Solvency
    Margin of Insurers) Regulations, 2016.
    Page 1 of 1

    You might also like