addresses of corporate office and branches phone ......2019/02/12 · waling branch waling-3,...
TRANSCRIPT
Corporate Office:P.O. Box No. 21905Kathmandu Plaza (X Block, 2nd Floor) Kamaladi,Kathmandu, NepalPhone: 01-4168537, 01-4168539Fax: 01-4168538
Branch Offices:
Kathmandu BranchY Block, Kathmandu Plaza, KamaladiKathmandu, NepalPhone: 01-4168541
Biratnagar BranchBhanu Tole, Biratnagar-14, NepalPhone: 021-532772
Pokhara BranchPrithvi Chowk - Nagdunga, NepalPhone: 061-539191
Nepalgunj BranchNepalgunj-1, Banke, NepalPhone: 081-526047
Bhaktapur BranchSuryavinayak, Bhaktapur, NepalPhone: 01-6619502
Butwal BranchButwal-8, Traffic Chowk, NepalPhone: 071-550392
Birgunj BranchMain Road, Adarsha Nagar Chowk-15, NepalPhone: 051-691777
Janakpur BranchStation Road, Janakpur-1, NepalPhone: 041-526384
Dhangadi BranchDhangadi-3, Kailali, NepalPhone: 091-520802A
ddresses o
f C
OR
PO
RA
TE O
FFIC
E a
nd B
RA
NC
HES Mahendranagar Branch
Mahendra Nagar-4, Nepal
Phone: 099-525304
Birtamod Branch
Birtamod-4, Bhadrapur Road, Nepal
Phone: 023-543404
Narayanghant Branch
Narayanghat-3, Chitwan, Nepal
Phone: 056-532501
Lahan Branch
Lahan-8, Siraha, Nepal
Phone: 033-561976
Dang Branch
Sahid Gate, Ghorahi, Dang, Nepal
Phone: 082-563190
Lalitpur Branch
Yapa Bhawan, Lalitpur, Nepal
Phone: 01-5009295
Terhathum Branch
Myaglung-1, Terhathum, Nepal
Phone: 026-460725
Anbukhairani Branch
Anbukhairani-6, Tanhun, Nepal
Phone: 065-540566
Baglung Branch
Mahendra Path, Baglung, Nepal
Phone: 068-522737
Gulmi Branch
Tamghas-1, Gulmi, Nepal
Phone: 079-520748
Dadeldhura Branch
Amargadi NP-5, Tuphandanda,
Dadeldhura, Nepal
Phone: 096-420753
Malangwa BranchMalangwa Ward No. 9, NepalPhone: 046-521663
Dharan BranchChatta Chowk, Dharan-4, NepalPhone: 025-526459
Taulihawa BranchKalika Tole, Taulihawa-3, NepalPhone: 076-560461
Gaur BranchGaur Ward No. 1, NepalPhone: 055-521501
Hetauda BranchKanti Rajpath, Radha Krishna BhawanHetauda, NepalPhone: 057-521055
Nawalparasi BranchRam Gram NP-2, Nawalparasi, NepalPhone: 078-521030
Tikapur Branch1st Floor, Kishan Co-operative Bldg.,Tikapur, NepalPhone: 091-561362
Jaleshwor BranchJaleshwor-5, Mahottari, NepalPhone: 044-521175
Waling BranchWaling-3, Syanja, NepalPhone: 063-440653
Surkhet BranchSurkhet, NepalPhone: 083-532127
Foreign Employement BranchTinkune, Kathmandu, NepalPhone: 01-4475108
Pn=cfO{=;L= -g]kfn_ ;uf}/a k|:t't ub{5M
g]kfnsf] hLjg aLdf If]qdf @) jif{sf] cjlwdf
pRrtd af]g; b/*
lg/Gt/tf � ;kmntf
o; sDkgLsf] d'gfkmfdf ;l/s x'g] -af]g; cfh{g x'g]_ u/L hf/L ul/Psf hLjg aLdfn]vx?
cGtu{t cf=j= @)^(÷)&) sf nflu k|lt xhf/ k|lt jif{ lgDd adf]lhd af]g; b/ sfod ul/Psf]
Joxf]/f ;�uf}/a hfgsf/L u/fp�b5f}+ .
o; sDkgLsf] aLdf Joj;fosf] cfufdL aLdf°Lo d"Nof°g geP;Ddsf nflu cGtl/d af]g; b/pk/f]Qm adf]lhd sfod /xg]5 . g]kfnsf] hLjg aLdf pBf]udf o; sDkgLsf] af]g; b/ pRrtdPj+ P]ltxfl;s /x]sf] ;xif{ hfgsf/L u/fp�b} o; ;kmntfsf] nflu xfdL xfd|f ;Dk"0f{ aLldt,clestf{, sd{rf/L, z]o/wgL, aLdf ;ldlt, ;/f]sf/jfnf lgsfo / z'e]R5'sx?df xflb{s s[t1tf JoQmub{5f}+ .
*h
Ljg
t/·
kf]ln
;Ld
f @)
jif{
aLd
f cjl
ws
f]af
]g;
b/
¿= &
@ k|l
t ji
f{ .
@% jif{ jf ;f]eGbf dfly ¿= &%
@)�@$ jif{ ;Dd ¿= ^%
%�!( jif{;Dd ¿= ^!
@% jif{ ¿= ^#
@) jif{ ¿= ^@
!% jif{ ¿= ^!
@) jif{ ¿= &@
!% jif{ ¿= ^@
!) jif{ ¿= ^!
aLdf of]hgf aLdf cjlw af]g; b/
;fjlws hLjg aLdf
hLjg t/· hLjg aLdf
clu|d e'QmfgL ;fjlwshLjg aLdf
aLdf sDkgLsf] klxrfgaLdf sDkgLsf] klxrfg ;dodf bfjL e'Qmfg;dodf bfjL e'Qmfg
- bfjL e'Qmfgdf ljZjdf g+= ! a|f08
1
CIL!@cf}+ jflif{s k|ltj]bg!@cf}+ jflif{s k|ltj]bg
nfOkm OG:of]/]G; skf]{/]zg -g]kfn_ lnld6]8sf]
!@cf}+ jflif{s ;fwf/0f ;ef ;DaGwL ;"rgf
z]o/wgL dxfg'efjx?,
nfOkm OG:of]/]G; skf]{/]zg -g]kfn_ lnld6]8sf] ldlt @)&)÷)(÷@@ ut] a;]sf] ;+rfns ;ldltsf] ^^cf}+ a}7ssf] lg0f{o cg';f/ o;sDkgLsf] !@cf}+ jflif{s ;fwf/0f ;ef lgDglnlvt ldlt, :yfg / ;dodf b]xfosf pNn]lvt ljifox? pk/ 5nkmn u/L lg0f{o ug{ a:g]ePsf] x'“bf ;j} z]o/wgL dxfg'efjx?sf] pkl:yltsf nflu of] ;"rgf k|sflzt ul/Psf] 5 .
!= ;ef x'g] ldlt, ;do / :yfg M
ldlt M @)&) ;fn kmfNu'g @^ ut] -tb\g';f/ !) dfr{, @)!$_
;do M lbp“;f] #M)) ah]af6 z'? .
/lhi6«]zg M lbp“;f] @M)) af6 z'? .
:yfg M /fli6«o ;efu[x, k|bz{gL dfu{, sf7df8f}+ .
@= 5nkmnsf ljifox? M
s_ ;fwf/0f k|:tfjx? M
!_ cWoIfåf/f ;+rfns ;ldltsf] jflif{s k|ltj]bg @)^(÷)&) k|:t't u/L cg'df]bg ug]{ .
@_ n]vfk/LIfssf] k|ltj]bg ;lxt cf=j= @)^(÷)&) sf] jf;nft, cfo–Joo lx;fj / ;f]lx cjlwsf] gub k|jfxljj/0fdfly 5nkmn u/L kfl/t ug]{ .
#_ n]vfk/LIf0f ;ldltsf] l;kmfl/; adf]lhd cf=j= @)&)÷)&! sf] nflu n]vfk/LIfssf] lgo'lQm ug]{ / lghsf]kfl/>lds tf]Sg] -jt{dfg n]vfk/LIfs P;=;L= nfn P08 Pzf]l;o6\; k'gM lgo'lQmsf] nflu of]Uo x'g'x'G5_ .
$_ ;+rfns ;ldltaf6 k|:tfljt !=%&% gub nfef+; kfl/t ug]{ -af]g; z]o/sf] s/ k|of]hgfy{_ .
v_ ljz]if k|:tfjx? M
!_ ;+rfns ;ldltn] k|:tfj u/] adf]lhd xfnsf] r'Qmf k“"hLsf] #)% af]g; z]o/ kfl/t ug]{ . ;fy} sDkgLsf] xfnsf]clws[t tyf r'Qmf k"“hL ¿= %),^@,%),))) nfO{ a[l4 u/L ¿= ^%,*!,@%,))) sfod ug]{ k|:tfj :jLs[t ug]{ .
@_ k“"hL a[l4 ;DaGwdf sDkgLsf] k|aGwkq / lgodfjnLdf cfjZos ;+zf]wg ug]{ k|:tfj kfl/t ug]{ tyf pQm ;+zf]wgdflgodgsf/L lgsfo -sDkgL /lhi6«f/sf] sfof{no, aLdf ;ldlt, g]kfn lwtf]kq af]8{ cflb_ n] km]/abn ug{ ;'emfj jflgb]{zg lbPdf ;f] cg'?k cfjZos ;dfof]hg ug{ ;+rfns ;ldltnfO{ clwsf/ k|Tofof]hg ug]{ .
u_ cWoIfsf] cg'dltn] cGo s'g} ljifox? .
cf1fn],
ljgf]bs'df/ e'h]n
sDkgL ;lrj
;fwf/0f ;ef ;DaGwL ;fdfGo hfgsf/L
!= ;efdf efu lng OR5's z]o/wgL dxfg'efjx?nfO{ ;ef x'g] lbg z]o/k|df0f–kq / cfkm\gf] kl/ro v'Ng] k|df0f ;fydf lnO{ cfpg'
x'g cg'/f]w 5 .
@= ;efdf efu lngsf nflu k|ltlgwL -k|f]S;L_ lgo'Qm ug{ rfxg] z]o/wgLn] k|ltlgwL–kq -k|f]S;L kmf/fd_ e/L ;ef z'? x'g'eGbf $*
306f cufj} cyf{t\ ldlt @)&)÷!!÷@@ ut] $M)) ah]leq sDkgLsf] z]o/ zfvf, sf7df8f}+ Knfhf, sdnfbL, sf7df8f}+df btf{
u/fO;Sg' kg]{5 .
#= gfafns jf ljlIfKt z]o/wgLsf] tkm{af6 sDkgLsf] z]o/ nut lstfadf ;+/Ifssf] ?kdf gfd btf{ ePsf] JolQmn] ;efdf efu lng,
dtbfg ug{ jf k|ltlglw tf]Sg kfpg] 5g\ .
$= ;+o'Qm ?kdf z]o/ vl/b ul/Psf] cj:yfdf nut lstfjdf klxn] gfd pNn]v ePsf] JolQm cyjf ;j{;Ddtaf6 k|ltlgwL lgo'Qm
ul/Psf] Ps JolQmn] dfq ;efdf efu lng / dtbfg ug{ kfpg] 5g\ .
%= k|ltlgwL -k|f]S;L_ lgo'Qm ul/;Sg'ePsf] z]o/wgL cfkm} ;efdf pkl:yt eO{ xflh/L lstfadf b:tvt ug'{ ePdf cl3 lbOPsf] k|f]S;L
:jtM ab/ x'g]5 .
^= Ps hgf z]o/wgLn] PseGbf a9LnfO{ k|ltlgwL -k|f]S;L_ d's// u/]df k|ltlgwL -k|f]S;L_ lbg] z]o/wgLn] cfkm'n] cl3 lbPsf] k|ltlgwL
-k|f]S;L_ ab/ u/]sf] Joxf]/f :ki6 pNn]v u/L 5'§} lgj]bg lbO{ csf]{ z]o/wgLnfO{ k|ltlgwL -k|f]S;L_ lgo'Qm u/]df To;/L lgo'Qm ePsf]
k|ltlgwLn] ;efdf efu lng / dtbfg ug{ kfpg]5 . o:tf] cj:yfdf cl3Nnf] k|ltlgwL -k|f]S;L_ :jtM ab/ ePsf] dflgg]5 .
&= 5nkmnsf] ljifo dWo] ljljw zLif{s cGtu{t 5nkmn ug{ OR5's z]o/wgLx?n] ;ef x'g'eGbf & lbg cufj} 5nkmnsf] ljifo sDkgL
;lrj dfkm{t\ lnlvt?kdf ;~rfns ;ldltsf] cWoIfnfO{ hfgsf/L lbg'kg]{5 .
*= z]o/wgLx?n] JoQm u/]sf] dGtJo jf k|Zgx?sf ;DjGwdf ;~rfns ;ldltsf tkm{af6 ;fd"lxs ?kn] pQ/ lbOg]5 .
(= sDkgLsf] z]o/ bflvn vf/]hsf] sfd @)&)÷!!÷)@ b]lv @)&)÷!!÷@^ ut];Dd jGb /xg] 5 .
!)= ;fwf/0f ;ef ;DaGwdf yk hfgsf/L cfjZos k/]df sfof{no ;doleq aLdssf] skf]{/]6 sfof{no sf7df8f}+ Knfhf, sdnfbL,
sf7df8f}+df ;Dks{ /fVg ;d]t cg'/f]w ul/G5 .
!!= ;'/Iffsf] b[li6sf]0fn] z]o/wgL dxfg'efjx? ;ef:yndf cfp“bf emf]nf -Aofu_ h:tf j:t'x? glnO{ cfpg' x'g cg'/f]w ul/G5 .
cfjZos b]lvPdf ;'/IffsdL{n] ;'/Iff hf“r ug{;Sg] ePsf] x'“bf ;f] sfo{df ;xof]u ul/lbg' x'g ;d]t cg'/f]w ul/G5 .
gf]6 M cf=j= @)^(÷)&) sf] jflif{s ljj/0f, ;+rfns ;ldltsf] k|ltj]bg / n]vfk/LIfssf] k|ltj]bg z]o/wgL dxfg'efjx?n] o;
skf]{/]zgsf] skf]{/]6 sfof{no, sf7df8f}+ Knfhf, sdnfbL, sf7df08f}df cfO{ lg/LIf0f ug{;Sg] Joxf]/f ;"lrt ul/G5 .
CIL 12th ANNUAL REPORT12th ANNUAL REPORT
2
Registered Office - Kathmandu Metropolitan City
Kathmandu, Nepal
Corporate Office - Block ‘X’ 2nd Floor, PO Box 21905
Kathmandu Plaza
Kamaladi, Kathmandu, Nepal
Principal Activities - Life Insurance business
Chief Executive Officer - Mr. P.R. Mishra
Company Secretary - Mr. Binod Kumar Bhujel
Consultant Actuaries - Mr. M.G. Diwan & Mr. Akshay Pandit
M/S K.A. Pandit and Co.
Consultant Actuaries
IInd Floor, Churchgate House
Veer Nariman Road
Fort, Mumbai
Auditors - External - Mr. S.C. Lal
M/S S.C. Lal & Associates
Chartered Accountants,
Jwagal, Kupondole
Lalitpur
Auditors - Internal - Mr. P.K. Swarnakar
M/S Devali Bijay & Co.
Chartered Accountants,
Thapa Niwas, Sifal
P.O. Box: 25041, Kathmandu
Lawyers - Sr. Adv. Mithlesh Kumar Singh
Singh Law Company
Ram Kunj, Tripureswor
Kathmandu
Bankers - Bank of Kathmandu Ltd., Kathmandu
Nepal SBI Bank Ltd., Kathmandu
Reinsurer - M/S Hanover Re., Malaysia
PAN No. - 500213148
Incorporated in Nepal Under the
Companies Act 2053 with Reg. No. - 765/057-58
Registered with Beema Samiti on - 2058/04/23
Note: F.Y. 2069/070
Corporate
Inf
orm
atio
n
3
CIL!@cf}+ jflif{s k|ltj]bg!@cf}+ jflif{s k|ltj]bg
>L czf]s cu|jfn;+rFnsk|aGw lgb]{zs, ljzfn u'[|k lnld6]8
Ashok AgrawalDirector
Managing Director, Vishal Group Ltd.
>L le=s]= s's\/]hf:jtGq ;+rfns
V.K. KukrejaIndependent Director
>L /fh]Gb| k|;fb cof{n;+rfns
;fwf/0f z]o/wgLsf] tk{maf6
Rajendra P. AryalDirector
Nominees of Shareholders
>L lk=cf/= ld>;+rfns÷k|d'v sfo{sf/L clws[t
P. R. MishraCEO & Director
>L P;=s]= /f ‘‘ ‘‘ ‘ocWoIfcWoIf, ef/tLo hLjg aLdf lgud
S.K. RoyChairman
Chairman, LIC of India
>L P;=aL= dfogfs;+rfns
k|aGw lgb]{zs, ef/tLo hLjg aLdf lgud
S.B. MainakDirector
Managing Director, LIC of India
>L lk=cf/= ld>;+rfns÷k|d'v sfo{sf/L clws[t
P.R. MishraCEO & Director
>L >Lv08 >]i7;= k|jGws
Shreekhanda ShresthaAsst. Manager
>L ;'wL/ ;fu/k|jGws
Sudhir SagarManager
>L ljlkg s'df/ nfna= clws[t
Bipin Kumar LalSr. Officer
>L /fh]z s'df/ rf}w/L;xfos dxfk|jGws
Rajesh K. ChoudharyAsst. General Manager
>LdtL l;h{gf g]kfn;= k|jGws
Mrs. Sirjana NepalAsst. Manager
;+r
fns
;ld
lt
Boa
rd of D
irecto
rs
Senior Management Team
al/i7 Joj:yfkg ;d"x
cfb/0fLo z]o/wgL dxfg'efjx?, dlxnf tyf ;Hhga[Gb .
;du| Pn=cfO{=;L= kl/jf/sf] tkm{af6 nfOkm OG:of]/]G; skf]{/]zg-g]kfn_ lnld6]8sf] !@ cf}+ jflif{s ;fwf/0f ;efdf oxf“x?nfO{ :jfutub}{ z'e]R5f lbg kfPsf]df v';Lsf] dx;'; ePsf]] 5 . g]kfndf o;aLdssf] cWoIf eO{ pkl:yt x'g kfp“bf / sDkgLsf] dfWodaf6 of];'Gb/ /fi6«sf] cfly{s a[l4 Pj+ ;fdflhs ljsf;df ;dflxt x'gkfpg'n] dnfO{ cem a9L uj{ / ;Ddfgsf] cg'e"lt e}/x]sf] 5 .
cf=j= @)^(÷&) sf] ;ldIff ubf{, aLdf ahf/sf] cj:yfdf lg/Gt/clglZrt\tf /x“bf /x“b} klg xfdLn] xfd|f] k|lta4tf cg';f/sf] ;kmntfxfl;n ug{ ;s]sf] ;xif{ hfgsf/L u/fpg rfxG5' . ;+rfns ;ldltn]laut !@ jif{sf] cjlwdf xfd|f z]o/wgL, u|fxs / cGo :6]sxf]N8/x?n]o; sDkgLk|lt /fVg' ePsf] ljZjf;nfO{ ;fsf/ kfg{ ;b}j bQlrQeP/ sfo{ ul//x]sf] 5 . cf=j= @)^(÷&) df sDkgLsf] ;a} ljlQozLif{sx?df pNn]vgLo j[l4 ePsf] b]Vg ;lsG5 . sDkgLsf] ljut !@jif{sf] rqmjtL{ jflif{s j[l4b/ @#=^@% /x]sf] 5 / o;n] ;Da4;a}sf] Pstfa4 k|of;af6 sDkgLsf] bl/nf] Pj+ lgoldt ljsf;ePsf] k|dfl0ft ub{5 .
d o; ul/dfdo ;fwf/0f ;efsf] cj;/df PncfO{;L g]kfnn] cf=j=@)^(÷&) df cfkm\gf] Jofkf/, nufgL, cfDbfgL / gfkmfdf pNn]Voa[l4 u/]sf] hfgsf/L u/fpg rfxG5' . pQm jif{df o; sDkgLn] s"n^%,)@@ gof“ aLdfn]vx? laqmL u/L k|yd aLdfz"Ns cfDbfgL afkt¿= (!=*( s/f]8 cfh{g ug{ ;kmn ePsf] ;xif{ hfgsf/L u/fpgrfxG5' . ut jif{sf] t'ngfdf cf=j= @)^(÷&) df sDkgLn] k|ydaLdfz"Ns cfh{gdf *=*$% / aLdfn]v laqmLdf !)=)@% sf] a[l4b/
k|ltj]bgcWoIf
åf/f k|:t't
Chairman's
5
Dear Shareholders, Ladies and Gentlemen,
On behalf of entire LIC family, I am delighted to extend my
greetings and welcome you all to this 12th Annual General
Meeting of Life Insurance Corporation (Nepal) Ltd at
Kathmandu. I feel much privileged & honored to be in Nepal as
the Chairman of this Company and to be associated with the
economic growth and social development of this beautiful
Country through the Company.
Looking back at the last twelve months, it is my pleasure to
report to you that we could deliver as per our commitments,
despite a background of continuing market volatility. Over the
last 12 years, your Board has focused its efforts on fulfilling the
trust reposed by the shareholders, customers, stakeholders etc.
in this Company. The year 2069/70 witnessed the Company
showing all round growth in various financial parameters. The
Compounded Annual Growth Rate (CAGR) of New Business over
the last 12 years stands at 23.62% and it’s the testimony to the
sustained and synchronized efforts of all concerned in steady
progress of the Company.
I am pleased to note that the Business, Investments, Income
and Profits of the Company have shown sizeable growth in the
year 2069/70. I wish to share with you that LIC Nepal has been
able to collect Rs.918.94 million as First Premium Income by
selling 65022 Policies in the financial year 2069/70. In terms of
first premium collected and policies sold, the Company showed
a growth of 8.84% and 10.02% respectively. Likewise, the
MessageMessageMessageMessageMessage
Chairman's MessagecWoIfåf/f k|:t't k|ltj]bg
company achieved 91.89% and 90.30% in First Premiums and
Policies target for the year. In the market share in Nepal, we
have achieved 28.15% in Nop & 28.36% in FPI in Regular new
business. As at the end of Ashaad 2070, we are servicing
3,21,683 policies. I sincerely hope to have better growth in
New Business performance of the Company during the current
year. Accordingly, we have taken an ambitious budget to
procure 85000 new policies and to collect Rs.1.4 billion as first
premium income by the end of the current fiscal year.
Similarly in the year 2069/70, Life Fund of the Company grew to
a new height of Rs 11.78 billion as at the end of the fiscal. There
has been a growth of 32.21% in life fund while the total
investments grew by 34.34% in the year. The income from
investments has risen at 35.07% in the fiscal. All the funds have
been invested in Nepal as per the guidelines set by Insurance
Board (Beema Samiti) of Nepal and efforts are being made to
get the maximum advantages of the highest returns on
investments prevailing in the market in order to maximize the
benefits to our esteemed customers.
The Company’s Actuarial Valuations for 2068-69 (from Shrawan
1, 2068 to Ashaad end, 2069) & for 2069-70 (from Shrawan 1,
2069 to Ashaad end, 2070) have been approved. At the end of
2069-70, the Company has shown a net profit of Rs. 277.35
million under Shareholders Account. The Board of Directors in
its 64th meeting on 17.09.2013 and subsequently in its 66th
meeting on 06.01.2014, has proposed 31.57% of our paid up
capital as dividends out of this profit and the same will be
apportioned in 30 % as bonus shares, 1.57 % as cash dividends
for adjustment against tax liabilities on dividends so declared
to our valued shareholders. The Board has also proposed to
increase the Authorised Capital & Paid-up Capital of the
Company to Rs 658.125 million.
Again, the Company has set benchmarks for best servicing
standards in the industry when it achieved zero outstanding in
maturity, survival benefit and death claims. The fact that 99%
of these claims have been settled before the due date adds
more shine to this achievement. Altogether the Company paid
over Rs 327.86 million as claim payments in the fiscal.
As on the date, the Company delivers its products and services
through 31 outlets manned by 120 full-time employees across
the entire nation. This year too, we hope to increase our
presence even in farther areas of the country keeping financial
viability in mind. The Company has a total of 26441 Agents
across the nation for procuring New Business and extending
after sales service. The crowning glory of all has been the ISO
9001:2008 certification received by the Company making it the
first and only Life Insurance Company in Nepal since 2068 and
6
xfl;n ug{ ;kmn ePsf] 5 . pQm jif{ sDkgLn] cfk"mn] /fv]sf] Jofkf/nIosf] k|yd aLdfz"Ns cfh{gdf (!=*(% / gof“ aLdfn]v laqmLdf()=#)% sf] ;kmntf k|fKt ug{ ;s]sf] 5 . k/Dk/fut nfdf]cjwLsf] dfq hLjg aLdf u/fPsf] o; sDkgLn] g]kfnsf] s"n hLjgaLdf Jofkf/sf] ;Gbe{df eGg' kbf{ aLdfn]v ;+Vofdf @*=!%% /k|yd aLdfz"Ns cfh{gdf @*=#^% sf] ahf/ lx:;f lng ;kmn ePsf]5 . sDkgLn] @)&) cfiff9 d;fGt;Dddf s"n #,@!,^*#aLdfn]vx?nfO{ ;]jf k|bfg u¥of] / rfn' cf=j= @)&)÷&! dfsDkgLn] gof“ Jofkf/df pNn]Vo ?kn] a[l4 ub}{ hfg] k"0f{ ck]IfflnPsf] 5' . To;}u/L, xfdLn] rfn' cf=j= @)&)÷&! sf] cGTo;Dddf*%,))) gof“ aLdfn]vx? laqmL u/L k|yd aLdfz"Ns jfkt ¿= ! ca{$) s/f]8 cfh{g ug]{ dxTjsf+IfL nIo lnPsf 5f}+ .
@)&) cfiff9 d;fGt;Dddf sDkgLsf] hLjg aLdf sf]ifdf¿= !,!&* s/f]8 /sd hDdf e};s]sf] ;xif{ hfgsf/L u/fpgrfxG5' . ut jif{sf] t'ngfdf of] jif{ hLjg aLdf sf]ifdf #@=@!% /s"n nufgLtkm{ #$=#$% sf] a[l4b/ /x]sf] 5 . nufgLaf6 k|fKt x'g]cfDbfgLdf sDkgLn] o; jif{ #%=)&% sf] a[l4b/ xfl;n u/]sf] 5 .sf]ifsf] ;Dk"0f{ /sdx? aLdf ;ldltn] hf/L u/]sf] nufgL ;DjGwLlgb]{lzsfsf] clwgdf /xL g]kfnleq} ;'/lIft / pRr k|ltkmn k|fKtx'g] If]qx?df nufgL ul/Psf] / o;af6 u|fxsx?nfO{ eljiodf cema9L nfe ldNg]5 eGg] s'/fsf] ;xif{ hfgsf/L u/fpg rfxG5' .
sDkgLsf] cf=j= @)^*÷^( / cf=j= @)^(÷&) sf] aLdf°Lo d"Nof+sg-@)^* >fj0f ! b]lv @)&) cfiff9 d;fGt;Ddsf]_ >L aLdf ;ldltaf6:jLs[t eO{ k|fKt ePsf] 5 . @)&) cfiff9 d;fGt;Ddsf] aLdf°Lod"Nof+sgn] s"n gfkmf ¿= @&=&# s/f]8 a/fa/sf] /sd xfd|fz]o/wgLx?sf] vftfdf b]vfpg ;kmn ePsf] 5 . ldlt @)&)÷)^÷)!df a;]sf] ;+rfns ;ldltsf] ̂ $cf}+ a}7s / ;f]xL k|:tfjsf ;DjGwdfldlt @)&)÷)(÷@@ ut] a;]sf] ^^cf}+ a}7ssf] lg0f{on] sDkgLsf]d'gfkmfaf6 z]o/wgLx?nfO{ sDkgLsf] jt{dfg r'Qmf k"“hLsf] #!=%&%
nfef+z lbg] k|:tfj u/]sf] 5 h; cGtu{t #)% af]g; z]o/ / ;f]af]g; z]o/ lnP afkt g]kfn ;/sf/nfO{ a'emfpg' kg]{ s/ jfktsf]/sd k|of]hgfy{ !=%&% gub nfef+z k|:tfljt 5g\ . o; ul/dfdo;efdf o; sDkgLsf] xfnsf] clws[t k"“hL / r'Qmf k"“hLnfO{ a[l4 u/L¿= ^%,*!,@%,))) k'¥ofpg ;d]t k|:tfj k]z u/]sf 5f}+ .
cf=j= @)^(÷&) df o; sDkgLn] kl/kSjtf nfe e'QmfgL, lhljtnfe e'QmfgL / d[To' bfaL k"0f{ ?kn] ;Dkfbg÷km5\of]{6 ug{ ;kmn x“'b}k"gM bfaL e'QmfgL ;Dkfbgdf g]kfnsf] hLjg aLdf pBf]u d} pRrtddfkb08 sfod ug{ ;kmn ePsf] ;xif{ hfgsf/L u/fpg rfxG5' .((% tL bfaLx? aLdf lgodfjnLsf] Dofbleq} ;Dkfbg ul/Psf]tYon] ;f] pknlJwdf cem ;'uGw ylkPsf] 5 . cf=j= @)^(÷&) dfsDkgLn] s"n bfaL e'QmfgL afkt ¿= #@=&* s/f]8 k|bfg u/]sf] ;xif{hfgsf/L u/fpg rfxG5' .
cfhsf] ldlt;Dddf o; sDkgLn] #! cf]6f zfvf sfof{nox? / !@)hgf k"0f{sflng sd{rf/Lx? dfkm{t\ d'n'se/ cfkmgf] ;]jf k|bfg ub}{cfO/x]sf] 5 . of] jif{ klg sDkgLsf]] pkl:yltnfO{ b]zsf] cGoefux?df k'¥ofpg] nIo lnOPsf] 5 t/ lj:tf/ ubf{ a}1flgs / sdvlr{nf] t/LsfnfO{ cjnDag ul/g] 5 .
the same is renewed this year too, vindicating the mark of the
international standards being maintained and the continuation
of professionalism in our sales as well as service operations. I
am further happy to inform you that by leveraging information
technology, LIC Nepal is providing “anywhere premium payment
system” and “SMS information system” for our valued
customers, which indicates the excellent service commitment
of the Company to its policyholders. Detailed review of the
Company’s performances is placed separately in the report of
the Board of Directors.
Before concluding, I would like to place on record my profound
gratitude to the shareholders present here and otherwise, for
continuing to have faith in us and for supporting us. Similarly, I
would like to thank and express our sincere appreciation to the
honorable Government of Nepal, Ministry of Finance, Nepal
Rastra Bank, Beema Samiti, Company Registrar’s Office,
Security Board of Nepal, Nepal Stock Exchange Limited and all
the other departments of the government for the help,
guidance and encouragement given to the Company. Our
Actuary, Auditors both external and internal and other business
associates also deserve our appreciation for supporting and
guiding the Company. I express my deep gratitude to the
esteemed policyholders without whose support and good wishes
it would not have been possible to achieve progress.
The Board of Directors has seen some changes after 11th Annual
General Meeting. Three directors namely Sri D.K. Mehrotra
(Ex-Chairman), Sri Thomas Mathew T. and Sri S.K.Mukherjee
have laid down their offices by virtue of retirement from service
or end of tenure, and I am thankful to them for their
contributions. Members of the Board have been a source of
strength through their continuous monitoring and guidance to
the Company and I would like to thank them as well.
The management committee, the members of staff and entire
field force of the Company have shown their exemplary
commitment, enthusiasm, dedication and have worked hard in
maintaining high standards for the company in the insurance
industry of Nepal. I would also like to thank them for their
dedicated service, contribution and loyalty.
Ladies and Gentlemen, once again a warm welcome to all of
you to this august gathering and I solicit your continued
patronage.
Thank you once again,
S.K. RoyChairman
7
Chairman's MessagecWoIfåf/f k|:t't k|ltj]bg
gof“ hLjg aLdf u/fpg / laqmo ;]jf k|bfg ug{ o; sDkgLdfb]ze/ hDdf @^,$$! clestf{x? sfo{/t /x]sf 5g\ . g]kfnsf]hLjg aLdf pBf]udf PncfO{;L -g]kfn_ ln= cfO{=P;=cf]= k|df0fLs/0f())!M@))* k|fKt ug]{ klxnf] / Ps dfq hLjg aLdf sDkgLsf]tfh cem} ;'/lIft /fVg ;kmn ePsf] 5 . la=;+= @)^* df k|fKtu/]sf] of] k|df0fLs/0f rfn' cf=j= sf] nflu klg ;kmntfk"j{s gjLs[tePsf] 5 h;n] o; sDkgLsf] cGt/f{li6«o Joj;flos dfkb08nfO{cjnDag u/]sf] bzf{p“b5 . cfw'lgs ;"rgf k|ljlwsf] k|of]u ub}{PncfO{;L g]kfnn] clxn] cfkm\gf u|fxsx?nfO{ æhxfF;'s}af6 aLdfz'Nse'QmfgL ug{ ldNg] k|0ffnLÆ / æP;=Pd=P;= ;"rgf k|0ffnLÆ dfkm{t\;]jf pknAw u/fp“b} cfPsf] 5, h'g tYon] cfk\mgf laldtx?nfO{pTs[i6 ;]jf k|bfg ug]{ sDkgLsf] k|lta4tfnfO{ :ki6 ub{5 . sDkgLsf]sfo{;Dkfbgsf] lj:t[t ljj/0f ;+rfns ;ldltsf] ljj/0fdf 5'§}lbOPsf] ;d]t hfgsf/L u/fpg rfxG5' .
cGTodf, cfhsf] o; jflif{s ;fwf/0f ;efdf pkl:yt x'g'x'g] /pkl:yt x'g g;Sg' ePsf ;Dk"0f{ z]o/wgL dxfg'efjx?nfO{ xfdLk|ltb]vfpg' ePsf] ljZjf; / ;xof]usf] nflu xflb{s s[t1tf 1fkg ug{rfxG5' . To;} u/L d g]kfn ;/sf/, cy{ dGqfno, g]kfn /fi6« a}+s,aLdf ;ldlt, sDkgL /lhi6«f/ sfof{no, g]kfn lwtf]kq af]8{, g]kfn:6s PS;r]Gh ln= / cGo ;/sf/L ljefux?nfO{ pxf“x?af6 k|fKtlg/Gt/ ;xof]u / dfu{ lgb{]zgsf nflu cfef/ JoQm ug{ rfxG5' . xfd|faLdf°L, cfGtl/s tyf afx\o b'a} n]vfk/LIfsx?, ;Dk"0f{ laldtx?tyf Joj;flos ;fem]bf/x? klg cljlR5Gg ;xof]u / dfu{ lgb{]zgsfnflu k|z+;fsf] kfq x'g'x'G5 .
sDkgLdf cfa4 xfd|f laldtx?k|lt klg cfef/ JoQm ug{ rfxG5'lsgls pxf“x?sf] ljZjf;, ;xof]u / z'e]R5fsf] sf/0fn] xfdLx?n]oL ;kmntfx? k|fKt ug{ ;s]sf 5f}+ .
!!cf}+ jflif{s ;fwf/0f ;efkl5 ;]jf cjsf; jf sfo{sfn ;dflKtaf6;+rfnssf] sfo{sfn k"/f ug'{ x'g] # hgf ;+rfnsHo"x? >L l8=s]=d]x/f]qf -e"=k'= cWoIf_, >L yf]d; DofYo' 6L= / >L P;=s]= d'vhL{nfO{pxf“x?sf] pRr of]ubfgsf nflu cfef/ k|s6 ub{5' . sDkgLsf]pTyfg k|lt b]vfpg' ePsf] uxg cle?rL, lgoldt lgodg, ax'd"No;'emfj Pj+ ;dosf] nflu ;+rfns ;ldltsf jt{dfg ;b:ox?nfO{klg wGojfb 1fkg ug{ rfxG5' .
To;} u/L, PncfO{;L -g]kfn_ ln= sf] Joj:yfkg ;ldlt, sd{rf/Lx?/ ;d:t lkmN8kmf];{{n] cfkm\gf] st{Jok|lt pbfx/0fLo k|lta4tf, pT;'stf,nuglzntf / ;+u7gfTds sfo{ efjgfsf] k|bz{g u/L of] sDkgLnfO{g]kfnsf] aLdf pBf]udf ljlzi6 klxrfg lbnfpg ;kmn x'g' ePsf] 5 .t;y{, pxf“x?sf] d]xgt / of]ubfgsf] pRr ;Ddfg ug{ rfxG5' .
cfb/0fLo dlxnf tyf ;Hhga[Gb, o; ul/dfdo ;efdf oxf“x?nfO{k'gM xflb{s :jfut ub}{ eljiodf klg oxf“x?sf] lg/Gt/ ;xof]u /;'emfjsf] ck]Iff ub{5' .
wGojfb .
P;=s]= /f‘ocWoIf
8
Respected Shareholders, Ladies and Gentlemen,
We the Board of Directors are pleased to greet and welcome
all the shareholders present in this 12th Annual General Meeting
of Life Insurance Corporation (Nepal) Ltd.
Hope that you have all gone through the Audited Financial
Statements of the Company as at the end of Ashad, 2070. We
now present the report of the Board of Directors for the fiscal
year 2069-70 for discussion and approval. This is in compliance
with the provisions of Section 109 of the prevailing Companies
Act, 2063.
Nature of Business
The Company is engaged in the business of Life Insurance in
Nepal under the regulations of Beema Samiti and prevailing
laws of the land.
Economic Scenario
Directly or indirectly, the country has been going through a
difficult economic-scenario since past few years, in tune with
the happenings around the world. The low economic growth
rate, high rate of inflation, fluctuating Bank rates, Different
cash liquidity position as high remittances through foreign
employments are not timely utilized, increasing trade deficit
etc. have been the main challenges of the country´s economy
in the year 2069/70. Agriculture and Tourism, which are the
main sources of income of people of Nepal also did not show
much growth in the year. The downfall in economic scenario
directly affected the life insurance business of the company.
The interest rates on fixed deposits fluctuated in between 6.5%
to 10%, which impacted the investment pattern of the Company
in general.
Despite all these odd situations, the Company has been able to
show 8.84% growth in the first premium income, 32.21% growth
in total life fund, 34.34% growth in investments and 35.07%
growth in income from investments in the fiscal year 2069/70.
These could be possible because of the prudent financial
management, hard work of employees & agents and the
continued faith, the people of Nepal have in the Company.
cfb/0fLo z]o/wgL dxfg'efjx?,
nfOkm OG:of]/]G; skf]{/]zg -g]kfn_ lnld6]8sf] !@cf}+ jflif{s ;fwf/0f;efdf pkl:yt ;Dk"0f{ z]o/wgL dxfg'efjx?df xfdL ;+rfns;ldlt ;xif{ :jfut Pj+ clejfbg ug{ rfxG5f} .
z]o/wgL dxfg'efjx?n] sDkgLsf] n]vfk/LIf0f ePsf] ljlQo ljj/0fcWoog ul/;Sg' eof] xf]nf eGg] ljZjf;sf ;fy xfdL oxf“x? ;dIfcfly{s jif{ @)^(÷&) sf] ;+rfns ;ldltsf] k|ltj]bg sDkgL P]g,@)^# sf] bkmf !)( adf]lhd 5nkmn tyf cg'df]bgsf] nflu k]zug{ rfxG5f} .
Joj;fosf] k|s[lt
of] g]kfnsf] k|rlnt sfg"g, aLdf P]g tyf lgodfjnL / aLdf;ldltsf] k|ToIf lgodgdf /xL hLjg aLdf Joj;fodf ;+nUg /x]sf]sDkgL xf] .
cfly{s kl/b[io
k|ToIf jf ck|ToIf ?kdf laut s]xL aif{b]lv ljZje/ b]lvPsf]cfly{s sl7gfO{;“u} g]kfnsf] /fli6«o cy{tGq klg ;+qmd0fsflngcj:yfaf6 u'lh|/x]sf] 5 . Go"g cfly{s a[l4b/, pRr dx·Lb/, cl:y/a}+s Aofhb/, a}b]lzs /f]huf/af6 lelqPsf] /sdsf] cg'kof]uaf6l;lh{t cl:y/ gub t/ntf, a9\bf] Jofkf/ 3f6f cflb h:tf ljifox?g]kfnsf] cf=j= @)^(÷&) sf] d'Vo r'gf}tLx?sf ?kdf b]lvof] . o;jif{ g]kfnLx?sf] d"Vo cfo;|f]t s[lif / ko{6g If]qdf klg vf;}pNn]Vo k|ult x'g ;s]g . cfly{s If]qdf ePsf] vl:sbf] cj:yfn]b]zsf] ;du| hLjg aLdf Joj;fonfO{ klg k|lts"n c;/ k'Ug uof] .o;sf] ;fy} aif{e/ g} a}ls· Aofhb/ ^=%% b]lv !)% sf] aLrdf36a9 e}/xgfn] sDkgLsf] nufgLdf ;fdfGo c;/ k'Ug uof] .
o; k|sf/sf] laifd kl/l:yltsf] afah'b klg cf=j= @)^(÷&) dfo; sDkgLn] k|yd aLdfz"Ns cfDbfgLdf *=*$%, s"n hLjg aLdfsf]ifdf #@=@!%, nufgLdf #$=#$% / nufgLaf6 k|fKt cfodf#%=)&% sf] a[l4b/ xfl;n ug{ ;kmn ePsf] ;xif{ hfgsf/L u/fpgrfxG5f}+ . oL ;a} pknlAwx? sDkgLsf]] pTs[i6 ljlQo gLlt, sd{rf/Ltyf clestf{x?sf] d]xgt / g]kfnL hg;d'bfox?n] u/]sf] ckf/laZjf; tyf k"0f{ e/f];faf6 k|fKt ePsf x'g\ .
;+rfns ;ldltsf]
k|ltj]bg
Directors'Directors'Directors'Directors'Directors'
REPORT
9
;+rfns ;ldltsf] k|ltj]bg
Overview of Performance
Number of Policies sold
Year 2065-66 2066-67 2067-68 2068-69 2069-70
No. of Policies 52,891 48,813 46,404 59,098 65,022
Year 2065-66 2066-67 2067-68 2068-69 2069-70
FPI (In million) 327.4 414.3 496.7 844.24 918.94
2069-70 2070-71 Growth Rate
No. of Policies 18,834 29,842 58.44%
FPI (In Millions) 289.59 379.90 31.19%
The company has 3,21,683 policies in its book as at 31st Ashad
2070.
First Premium Income
We are happy to inform you that the company could register
8.84% growth in FPI and 10.02% growth in number of policies
as seen above in the just ended Financial Year. The average
premium per policy is at Rs 12843. The total premium collected
by the Company during 2069-70 stands at Rs.3168.60 Million.
Current year Performance (As at the end of Poush 2070)
Even though the economic scenario of the country has not stabilized
so far, you will observe that there is a healthy growth in the New
Business of the Company, both in number of policies and first
premium income, in the current year as well. We are hopeful that
the growth trend will accelerate further in the months to come.
Operational Overview
The company operates through its 31 branches at present,
which are spread across the country. As at the end of Ashad
2070, the Company has 120 staff members, three of whom are
expatriates deputed from India with ample experience &
knowledge in life insurance marketing and administrations,
while others are all from Nepal itself. The top executives of the
Company, ably supported by the Board, guide the employees
and field force, and are easily accessible at any time. Several
training and handholding sessions are conducted throughout
the year, in addition to periodic reviews, in order to enhance
the skills of the employees and agents so that they become
vibrant and responsive in addition to remaining competitive in
the market. The motto of the Company for current year is
Envisage, Engage, Endeavor.
Changes in the Board of Directors
After the 11th Annual General Meeting, two Directors from
Promoter group Sri D.K.Mehrotra (Ex-Chairman) and Sri Thomas
Joj;fosf] l;+xfjnf]sg
aLdfn]vx?sf] laqmL ;+Vof
o; sDkgLdf @)&) cfiff9 d;fGt;Ddsf] s"n ;lqmo aLdfn]vsf];+Vof #,@!,^*# /x]sf] ;xif{ hfgsf/L u/fpg rfxG5f}+ .
k|yd aLdfz"Ns cfDbfgL
cf=j= @)^(÷&) df sDkgLn] k|yd aLdfz"Ns cfDbfgLdf *=*$% /aLdfn]v laqmL ;+Vofdf !)=)@% sf] a[l4b/ xfl;n u/]sf] 5 . o;sDkgLsf] cf}ift aLdfz"Ns k|lt aLdfn]v ¿= !@,*$# /x]sf] 5 .sDkgLn] cf=j= @)^(÷&) df s"n aLdfz'Ns afkt ¿= #!^=*^ s/f]8/sd ;+sng ug{ ;kmn ePsf] ;xif{ hfgsf/L u/fpg rfxG5f} .
rfn' jif{sf] pknlJwM -@)&) ;fn kf}if d;fGt;Ddsf]_
b]zsf] cfly{s If]qn] :yfloTj gkfO /x]sf] cj:yfdf klg dflysf] cf“s8fn]rfn' cf=j= @)&)÷&! df aLdfn]v ;+Vof / k|yd aLdfz'Ns cfDbfgLb'a}df /fd|f] a[l4 ePsf] k|i6\ofp“5 . xfdL cffzf ub{5f+} ls sDkgLsf] of]Joj;flos a[l4b/ cfufdL dlxgfx?df lg/Gt/ sfod /xg] 5 eGg]s'/fdf xfdL cfzfjfbL 5f}+ .
Jofkf/ ;+rfng kl/b[io
sDkgLn] b]ze/ hDdf #! zfvfx? :yfkgf u/L cfkm\gf] Joj;fo ;+rfngul//x]sf] 5 . hLjg aLdf If]qdf cg'ejL tLg ef/tLo / af“sL ;a} g]kfnLx?;lDdlnt hDdf !@) hgf sd{rf/Lx? o; sDkgLdf xfn sfo{/t /x]sf5g\ . ;+rfns ;ldltaf6 lgb]{lzt pRr kbflwsf/Lx? sDkgLsf] cGosd{rf/Lx? / lkmN8 kmf];{nfO{ s'zntfk"j{s ;+rfng ub{5g\ . sDkgLdfJoj;flos Pj+ ;f}xfb{k"0f{ jftfj/0fdf pRr txsf sfo{sf/L;“u ;a} sd{rf/Lx?3'nldn ug{ ;Sg] ;xh jftfj/0f ljBdfg /x]sf] 5 . sd{rf/L /clestf{x?sf] bIftf a[l4 u/L cem k|lt:kwL{, ;an / lhDd]bf/ agfpgsfnflu jif{e/L ljleGg tflnd / dfu{ lgb]{zgsf sfo{qmdx? ;+rfng ul/b}cfPsf 5g\ . rfn' cf=j= sf nflu xfdLn] sDkgLsf] d"n l;4fGt kl/sNkgf,k|lta4tf, k|of;nfO{ cg';/0f ul//x]sf 5f}+] .
;+rfns ;ldlt kl/jt{g
!!cf}+ jflif{s ;fwf/0f ;efkl5 ef/lto hLjg aLdf lgudaf6k|ltlglwTj ug'{ x'g] ;+rfnsx? >L l8=s]= d]x/f]qf -lgjt{dfg cWoIf_
Directors' Report
Directors' Report;+rfns ;ldltsf] k|ltj]bg
10
Mathew T. (Ex-Director) who represented LIC of India resigned
owing to their retirement from services on attaining the age of
superannuation. In those vacant places in the Board, LIC of India
has designated Sri S.K. Roy as the Chairman and Sri S.B. Mainak
as the director. Likewise, the tenure of Independent Director Sri
S.K. Mukherjee ended and the Board appointed Sri V.K. Kukreja
in that place as Independent Director.
Factors Influencing Incomes
The lack of avenues for long term investment continues to be
the major cause of concern throughout. The rate of interest on
investment remained relatively low and even fluctuated
unevenly throughout the year The year 2069-70 witnessed
difficult situations and uncertain environment in the financial
markets.. Recently, the share market stands corrected to some
extent showing a rise in NEPSE Index. The P/L Accounts as at
the end of Ashad 2070 shows a Net profit of Rs. 27,73,46,216.
The Company had been able to take full advantage of the best
prevailing interest rates for investments and get most of the
investments done for the longest available term during the
year. The cost of operations has been kept under strict control
and efforts are being made to bring it down further without
affecting our operations. All these would help in creating long
term goodwill & result in bringing more value to our
shareholders and policyholders in the days to come.
Auditors
Mr. Satish Chandra Lal of M/S S.C. Lal Associates is holding office
as our statutory auditor till the ensuing AGM. He is eligible to
offer himself for reappointment and has done so and, The Board
of Directors have recommended for his reappointment for one
year for the current fiscal year with an increased fee of NRs
1,55,000. Mr. P.K. Swarnakar of M/S Devaki Bijay & Co. had
been our internal auditor last year. The Board of Directors on
the recommendation of the Audit Committee has reappointed
him for the current year as well with fee of Rs. 3,30,000 p.a.
Auditor’s Report
The opinion of the auditors on the accounts and systems of the
company is appended to this report. Their opinion that the
accounts and records of the company have been maintained
properly and that the investments are made in accordance
with the laws of the land gives us ample confidence about our
professional working and well laid systems.
/ >L yf]d; Dofy]pm 6L= n] pd]/xbsf sf/0f lbg' ePsf] /flhgfdfnfO{:jLs[t u/L pxf“x?sf] l/Qm :yfgdf lgudn] l;kml/; u/] cg';f/ >LP;=s]= /fonfO{ cWoIf / >L P;=aL= dfogfsnfO{ ;+rfnssf] ?kdfkb:yfkg ul/Psf] hfgsf/L u/fOG5 . To;} u/L, :jtGq ;+rfns>L P;=s]= d'vhL{sf] sfo{sfn ;dfKt ePsf] x'“bf ;f] l/Qm :yfgdf;+rfns ;ldltn] >L le=s]= s's\/]hfnfO{ :jtGq ;+rfnssf] ?kdfdgf]lgt u/]sf] 5 .
sf/f]af/nfO{ c;/ kfg]{ tTjx?
o; aif{ klg bL3{sflng nufgLsf] ;'–cj;/ k|fKt x'g g;Sg' ;a}sf]nflu rf;f] / lrGtfsf] ljifo /xg uof] . o; jif{ Aofhb/ t'ngfTds?kdf Go"g b]lvof]] eg] aif{e/L g} of] clgolGqt?kn] 36a9 e}/xof] .cf=j= @)^(÷&) n] jif{e/L clglZrt / sl7gfO{k"0f{ cfly{s ahf/sf];fdgf ug'{ k/]sf] b]lvG5 . ev{/} z]o/ ahf/df eg] s]xL ;s/fTdskl/0ffdx? b]lvPsf 5g\ . o; sDkgLsf] @)&) cfiff9 d;fGt;Ddsf]gfkmfgf]S;fg vftfdf ¿= @&,&#,$^,@!^ s"n d'gfkmf b]vfpg ;s]sf];xif{ hfgsf/L u/fOG5 . sDkgLn] nufgLaf6 ahf/df pknAwJofhb/sf] k"0f{ kmfObf lng ;dy{ ePsf] 5 eg] w]/}h;f] nufgLbL3{sflng cjlwsf nflu ul/Psf 5g\ . sDkgLsf] Aoj;fodf k|lts"nk|efj gkg]{ t/Lsfn] Aoj:yfksLo vr{nfO{ ;b}j lgoGq0f / Go"gLs/0fug]{ k|of; ul/Psf] 5 / eljiodf klg o;nfO{ lg/Gt/tf lbOg] 5 .o; k|sf/sf] k|of;af6 eljiodf cem /fd|f] kl/0ffd k|fKt eO{ xfd|fz]o/wgL / laldtx?nfO{ pRr nfe x'g] ljZjf; lnPsf 5f} .
n]vfk/LIfs
>L P;=;L= nfn P08 Pzf]l;P6\;sf rf6{8 PsfpG6]G6 >L ;lt;rGb| nfn o; jflif{s ;fwf/0f ;ef;Dd a}wflgs n]vfk/LIfssf]?kdf x'g'x'G5 . >L ;lt; rGb| nfn n]vfk/LIfssf] ?kdf k'glg{o'lQmx'g of]Uo x'g' eO{ cfkm"n] cfufld cf=j= @)&)÷&! sf nflu klgn]vfk/LIfssf] ?kdf sfo{ ug{ OR5f JoQm ug'{ePsf]n] n]vf ;ldltsf]l;kmfl/;df ;+rfns ;ldltn] pxf“sf] aflif{s ;]jfz'Ns a[l4 u/L¿= !,%%,))) lbg] zt{df k'glg{o'lQmsf] nflu l;kmfl/; ug]{ lg0f{ou/]sf] 5 . o; sDkgLsf] cfGtl/s n]vfk/LIfssf] ?kdf >L b]jsLljho P08 sDkgLsf rf6{8 PsfpG6]G6 >L lk=s]= :j0f{sf/ x'g'x'GYof] .;+rfns ;ldltn] n]vf ;ldltsf] l;kmfl/;df cf=j= @)&)÷&! sf]nflu klg o; sDkgLsf] cfGtl/s n]vfk/LIfssf] ?kdf >L lk= s]=:j0f{sf/nfO{ g} ¿= #,#),))) jflif{s ;]jfz'Ns k|bfg ug]{ zt{dfk'glg{o'lQm u/]sf] 5 .
n]vfk/LIfssf] k|ltj]bg
o;} k|ltj]bg;fy ;+nUg ul/Psf] n]vfk/LIfssf] dGtJo k|ltj]bgåf/fo; sDkgLsf] lx;fa lstfa k|rlnt sfg"g Pj+ k|rng cg';f//fv]sf] ;fy} nufgL jt{dfg sfg"g Pj+ lgb]{lzsf cg';f/ u/]sf] ;xif{hfgsf/L u/fpg kfp“bf o;n] sDkgLsf] k]zfut Pj+ k|0ffnLuttl/sf kf/bzL{ / :ki6 ePsf] bzf{Psf] 5 . To;n] xfdLnfO{ cem a9LcfTdljZjf; / xf};nf ;d]t k|bfg u/]sf] 5 .
_
Directors' Report;+rfns ;ldltsf] k|ltj]bg
11
Forfeiture of Shares
Since the inception of the company, no shares belonging to
anyone have been forfeited.
Life Fund
As at the end of Ashad 2070, the life fund of the Company stood
at Rs. 11,775.61 Million as against Rs. 8,906.34 Million at the
end of Ashad 2069. This means the life fund grew at the rate of
32.21% for the period.
z]o/sf] hkmt
sDkgLsf] z'?jftb]lv xfn;Dd s'g} klg z]o/wgLsf] z]o/ sDkgLn]hkmt u/]sf] 5}g .
hLjg aLdf sf]if
ldlt @)^( cfiff9 d;fGt;Dddf hLjg aLdf sf]ifdf ¿= *()=^#s/f]8 /x]sf]df To;df #@=@!% n] a[l¢ eO{ ldlt @)&) cfiff9d;fGt;Dddf hLjg aLdf sf]ifdf ¿= !,!&&=%^ s/f]8 /x]sf] ;xif{hfgsf/L u/fpg rfxG5f} .
Investments
The total investments of the Company (including policy loans
and short term investments) as at the end of Ashad 2070 stoodat Rs. 11993.33 Million as against Rs. 8927.42 Million as at the
end of Ashad 2069. This shows an increase of 34.34% and has
been done strictly as per the guidelines and rules existing in the
country, as well as, as per directions of the Board of Directorsand directives of the Regulator (Beema Samiti) from time to
time. The investments have been made in Govt. Bonds,
Development Bonds of Nepal Rastra Bank, Fixed deposits with
various Commercial Banks, Development Banks, FinanceCompanies, Citizen’s Investment Trust, and in Preference Shares
and Debentures of Banks and reputed public limited Companies.
Due to strict investment norms followed by the company, the
investment income has shown an increase of 35.07% in the justconcluded financial year even though the market conditions
were not so conducive. It is our endeavor to invest our surplus
in a prudent manner keeping the safety of funds uppermost in
our mind, but without losing sight of higher returns.
nufgL
ldlt @)^( cfiff9 d;fGt;Dddf s"n nufgL ¿= *(@=&$ s/f]8/x]sf]df ldlt @)&) cfiff9 d;fGt;Dddf s'n nufgL -aLdfn]vshf{ tyf 5f]6f] cjlwsf] nufgL ul/_ ¿= !!((=## s/f]8 /x]sf] 5 .o; cg';f/ #$=#$% n] nufgLdf a[l¢ ePsf] b]lvG5 ;fy} ;Dk"0f{nufgLx? k|rlnt P]g, ;+rfns ;ldltsf] lgb]{zg Pj+ >L aLdf;ldltsf] nufgL ;DjGwL gLlt tyf lgb]{lzsfsf] clwgdf /xL ul/Psf5g\ . o; sDkgLn] g]kfn ;/sf/sf] C0fkq, g]kfn /fi6« a}+ssf]ljsf;kqx?, afl0fHo a}+s, ljsfz a}+s / k|ltli7t ljlQo ;+:yfx?sf]d'2tL vftfx?, gful/s nufgL sf]if, a+}s Pj+ k|ltli7t klAnslnld6]8 sDkgLx?sf] lk|km/]Gz z]o/ / l8a]Gr/x?df nufgL u/]sf]5 . o; k|sf/sf] laj]sk"0f{ nufgLaf6 sDkgLn] o; jif{ cfkm\gf]k|ltkmndf #%=)&% sf] a[l¢b/ xfl;n u/]sf] 5 . sDkgLn] pknAwhu]8f /sdnfO{ nufgL ubf{ laj]sk"0f{ 9·n] ;'/lIft / pRrtdk|ltkmn lbg] :yfgx?df dfq nufgL ug{ k|of;/t 5 .
Directors' Report;+rfns ;ldltsf] k|ltj]bg
12
Financial Transactions by Directors
During the fiscal year 2069/70, the Company has not entered
into any financial transactions with either the Directors of the
Company or their relatives in any manner whatsoever except
payment of salary to the CEO, who is also a Director and
payment of sitting fees to all the Directors.
Income and Management Expenses
The total income of the Company during the year was 4238.68
million, showing a growth 27.36% over that of last year, with
income from investment (including interest incomes from loans
and advances) registering 35.07% growth during the year. The
total management expense ratio of the company continues to
be one of the lowest in the industry as seen from the reports
published. We are still maintaining the low level of management
expenses ratio which is 6.52%. Every effort is being made to
reduce these expenses further. The Overall Cost Ratio of the
company stands at 20.03%.
Payment to Directors and other Executives
A total of NRs 76,65,530 have been paid to Directors, CEO and
other Executives of the Company as per laid down rules in the
year 2069-70.
Statement of Remuneration of Directors and Executives is
as under:
;+rfnsx?åf/f ljlQo sf/f]af/
cfly{s jif{ @)^(÷&) df k|d'v sfo{sf/L clws[t hf] ;+rfns;d]t /xg' ePsf] 5, pxf“nfO{ lbOPsf] kfl/>lds / c? ;+rfnsx?nfO{k|bfg ul/Psf] a}7s eQf afx]s sDkgL;“u ;DalGwt ljlQo sf/f]af/df;~rfns / lghsf] gft]bf/sf] s'g} ;+nUgtf /x]sf] 5}g .
cfDbfgL / Aoj:yfkg vr{
ut aif{eGbf @&=#^% sf] a[l4 xfl;n eO{ o; jif{ sDkgLsf] s"ncfDbfgL ¿= $@#=*^ s/f]8 /x]sf] 5 . To;} u/L nufgLaf6 k|fKtePsf] cfDbfgL -shf{ / k]ZsLaf6 k|fKt Aofh cfDbfgL ;lxt_ df#%=)&% sf] a[l4 x'g uPsf] hfgsf/L u/fpg rfxG5f}+ . o; sDkgLsf]s"n Joj:yfksLo vr{ cg'kft g]kfnsf] hLjg aLdf pBf]udf k|sflztePsf k|ltj]bgx? x]bf{ cToGt Go"gtd /x“b} cfPsf] 5 . xfdLx?n]Joj:yfkg vr{ cg'kftnfO{ cem} klg Go"g sfod /fVg ;kmn ePsf5f} / o; jif{sf] Joj:yfkg vr{ cg'kft ^=%@% /x]sf] 5 . cfufdLlbgdf Aoj:yfkg vr{nfO{ sd ug]{ tkm{ sDkgL k|of;/t /xg] 5 .o; sDkgLsf] s"n vr{ cg'kft @)=)#% x'g uPsf] ;d]t hfgsf/Lu/fOG5 .
;+rfns tyf kbflwsf/Lx?nfO{ ul/Psf] e'QmfgL
sDkgLsf] lgodfg';f/ o; cf=j= df sDkgLsf] ;+rfnsx?, k|d'vsfo{sf/L clws[t tyf cGo kbflwsf/Lx?nfO{ hDdf ¿= &^,^%,%#)e'QmfgL ul/Psf] 5 .
;+rfns tyf kbflwsf/Lx?nfO{ e'Qmfg ul/Psf] /sdljj/0f
Name Designation Amount Paid (Rs.) Type of Payment
Mr. D.K. Mehrotra Chairman 30,000 Sitting Fee*
Mr. Thomas Mathew T. Director 40,000 Sitting Fee*
Mr. Ashok Agrawal Director 75,000 Sitting Fee
Mr. S.K. Mukherjee Director 10,000 Sitting Fee
Mr. V.K. Kukreja Director 5,000 Sitting Fee
Mr. Rajendra Prasad Aryal Director 77,500 Sitting Fee
Mr. P.R. Mishra Director/CEO 30,000 Sitting Fee*
27,19,494 Salary and other amenities
Mr. R.K. Choudhary Asst.General Manager 23,05,011 Salary and other amenities
Mr. Uday Kumar Manager IT 23,73,525 Salary and other amenities
Total 76,65,530
* These payments are made to L.I.C.of India as these directors are employees of LICI.
Directors' Report;+rfns ;ldltsf] k|ltj]bg
13
Purchase of Property
No property has been purchased or sold by the Company during
the year as per section 141 of the Companies Act, 2063, except
purchase of cars for the use of officers as per the scheme
approved by the Board.
Valuation of Life Fund
A life Insurance Company is required to undertake valuation of
its funds by an Actuary once in every 3 years as per the provision
of Section 26 of the Insurance Act 2049 (1992) of Nepal. The
Company has already published three triennial actuarial
valuations. Beema Samiti issued instructions for declarations
of actuarial valuations every year from F.Y. 2068-69 onwards.
Accordingly, annual valuation results for 2068-69 showed a
surplus of Rs. 1,17,73,23,641, out of which Rs. 93,68,11,015 is
distributed to the Policyholders as Bonuses & these figures are
reflected in the financial statements for 2069-70.
Certification of the actuary regarding solvency of the company
and its capital adequacy up to 2068-69 is appended to the report.
Bonus to Policyholders
The Bonus rates of the company for 2068-69 are as below:
;Dklt vl/b
sDkgL P]g, @)^# sf] bkmf !$! adf]lhd ;+rfns ;ldltn] kfl/tu/]sf] of]hgf adf]lhd ;jf/L sf/x? sDkgLsf] clws[tx?sf] k|of]hgfy{lslgPsf 5g\ ;f] afx]s c? s'g} klg ;Dklt vl/b jf laqmL ul/Psf]5}g .
aLdfsf]ifsf] d"Nof°g
aLdf P]g @)$( -!((@_ sf] bkmf @^ adf]lhd hLjg aLdf sDkgLn]k|To]s tLg jif{df cfkm\gf] sf]ifsf] aLdf°Laf6 aLdf°Lo d'Nof°gu/fpg' kg]{ k|fjwfg 5 . o; sDkgLsf] tLg k6ssf]] aLdf°Lod'Nof°g k|sflzt e};s]sf 5g\ . >L aLdf ;ldltaf6 cf=j= @)^*÷^(b]lv hLjg aLdf sDkgLx?n] x/]s aif{ aLdf°Lo d"Nof+sg u/fpg' kg]{lgb]{zg hf/L e};s]sf] 5 . o;} lgb]{zg adf]lhd o; sDkgLn]u/fPsf] cf=j= @)^*÷^( sf] jflif{s aLdf°Lo d"Nof+sgaf6 art¿= !,!&,&#,@#,^$! b]lvg cfof] / ;f]af6 ¿= (#,^*,!!,)!%af]g;sf] ?kdf laldtx?nfO{ ljt/0f ul/Psf 5g\ h'g cf“s8fx?oxf“x?n] sDkgLsf] cf=j= @)^(÷&) sf] ljlQo ljj/0fdf b]Vg;Sg' x'g]5 .
cf=j= @)^*÷^( ;Ddsf] sDkgLsf] ;f]Ne]G;L / k“"hL kof{Kttfsf];Gbe{df aLdf°Lo k|df0fLs/0f o;} k|ltj]bg;fy ;+nUg ul/Psf] 5 .
laldtx?sf] nflu af]g;
o; sDkgLn] cf=j= @)^*÷^( sf nflu laldtx?nfO{ lgDgfg';f/sf]af]g;b/ k|bfg ug]{ lg0f{o u/]sf] lyof] .
To;} u/L, xfdLnfO{ >L aLdf ;ldltaf6 sDkgLsf] ;f]Ne]G;L dflh{g/ ;f]Ne]G;L cg'kft sfod /fVg] ;DaGwdf lgb]{zg k|fKt eof] h;cGtu{t cf=j= @)^(÷&) b]lv nfu" x'g] u/L ;ldltaf6 tf]lsPsf]9frf“df sDkgLsf] cf=j= @)^(÷&) sf] jflif{s aLdf°Lo d"Nof+sg;d]t u/fO{ gfkmf gf]S;fg lx;fanfO{ ljlQo ljj/0fdf ;dfj]zul/g' kg]{ /x]sf] lyof] . cf=j= @)^(÷&) sf] jflif{s aLdf°Lod"Nof+sgaf6 art ¿= !,^(,^!,^&,$)% k|fKt x'g cfPsf] 5 /
Again Beema Samiti issued instructions on Solvency Margins
and Solvency Ratios of the Companies, to be submitted in their
designed proforma with effect from F.Y. 2069-70 for which
actuarial valuations for 2069-70 should be completed & profit/loss
are to be incorporated in the financial statements for 2069-70
itself. The annual valuation results for 2069-70 showed a surplus
of Rs. 1,69,61,67,405 out of which Rs. 1,37,20,21,355 is
Old Rates
5-19 yrs. 52
20-24yrs. 55
25 yrs. & Above 70
Endowment
and
Jeevan Aanand
Policies
Money Back
Policies
15 yrs. 51
20 yrs. 52
25 yrs. 54
New Rates
5-19 yrs. 56
20-24yrs. 58
25 yrs. & Above 71
15 yrs. 55
20 yrs. 56
25 yrs. 57
Jeevan Tarang Policy
(Gurantted Pension
Plan)
10 yrs.
15 yrs.
20 yrs.
10 yrs. 56
15 yrs. 58
20 yrs. 71
Directors' Report;+rfns ;ldltsf] k|ltj]bg
14
distributed to the policyholders as Bonuses and these figures
are reflected in the financial statements for 2069-70.
Also, the certification of the Actuary regarding the Solvency of
the Company and its capital adequacy upto 2069-70 is
appended to the report.
New Bonus to the Policyholders
The Bonus rates of the Company for 2069-70 are as below:
;f]af6 ¿= !,#&,@),@!,#%% af]g;sf] ?kdf laldtx?nfO{ ljt/0ful/Psf 5g\ h'g cf“s8fx? oxf“x?n] sDkgLsf] cf=j= @)^(÷&) sf]ljlQo ljj/0fdf b]Vg ;Sg' x'g]5 .
cf=j= @)^(÷&) ;Ddsf] sDkgLsf] ;f]Ne]G;L / k“"hL kof{Kttfsf];Gbe{df aLdf°Lo k|df0fLs/0f o;} k|ltj]bg;fy ;+nUg ul/Psf] 5 .
laldtx?sf] nflu gof“ af]g;
cf=a= @)^(÷&) sf nflu laldtx?nfO{ lgDgfg';f/sf] gof“ af]g;b/sfod ul/Psf] 5 .
gof“ aLdf kf]ln;L
sDkgLn] cfkm\gf] !@cf}+ aflif{sf]T;jsf] cj;/df ldlt @)&)÷)%÷!^ut]sf lbg gof“ aLdf kf]ln;L æhLjg ;/n of]hgfÆ ahf/df NofPsf]5 . o; of]hgfdf laldtx?nfO{ pRr ;/ntf, t/ntf / nrstfh:tf cg'kd ljz]iftfx? k|bfg ul/Psf 5g\ .
z]o/wgLx?nfO{ nfef+z tyf af]g;
cf=j= @)^*÷^( / @)^(÷&) sf] clGtd aLdf°Lo d'Nof+sgx?af6cfPsf] kl/0ffdnfO{ ;dfj]z u/]kZrft\ sDkgLn] s"n gfkmf /sd¿= @&=&# s/f]8 /sd z]o/wgL vftfdf b]vfpg ;kmn ePsf] 5 .o; sDkgLsf] ;+rfns ;ldltn] pQm gfkmfaf6 xfd|f z]o/wgLx?nfO{sDkgLsf] r'Qmf k"“hLsf] #!=%&% nfef+z -¿= !%,(*,^*,$@! /sda/fa/sf]_ lbg] k|:tfj u/]sf] 5 h; cGtu{t #)% af]g; z]o/ / ;f]af]g; z]o/ lnP afkt g]kfn ;/sf/nfO{ a'emfpg' kg]{ s/ afktsf]/sd k|of]hgsf nflu !=%&% gub nfef+z k|:tfljt 5g\ . ;+rfns;ldlt sDkgLsf] xfnsf] clws[t k“"hL / r'Qmf k“"hLnfO{ a[l4 u/L¿= ^%=*!@% s/f]8 k'¥ofpg o; ul/dfdo ;efdf k|:tfj ub{5 .
PncfO{;L ejg lgdf{0f
o; sDkgLsf] skf]{/]6 ejg lgdf{0fsf nflu lgdf{0f sG;N6]G6sf]?kdf M/S MRB & ASSOCIATES, KATHMANDU nfO{ :jLs[lt k|bfgul/Psf] 5 . sf7df08f}sf] aa/dxnl:yt $ /f]kgL If]qkmn hUufdf
Introduction of New Products
On the occasion of LIC Nepal’s 12th anniversary at 01.09.2013,
the Company introduced a new product “Jeevan Saral”. “Jeevan
Saral” plan is a flexible insurance plan having simple features
with scope for liquidity and flexibility.
Dividend & Bonus for shareholders
With the closing of the books after the inclusion of the valuation
results for 2068-69 & 2069-70, the Company has shown
Rs. 277.35 Million as net profit in the Shareholders Account.
The Board of Directors proposes 31.57% of our paid up capital
amounting to Rs.15,98,68,421 as dividends out of this profit to
our valued Shareholders, and from this dividends, 30% as Bonus
Share, 1.57 % as cash dividends to meet tax on the total
dividends so declared are to be apportioned. The Board of
Directors also proposes to increase the Authorized Capital &
Paid up Capital of the company to Rs. 658.125 Million.
LIC Building Construction
The Board has approved the engagement of M/S MRB &
Associates, Kathmandu as our Consultant for construction of
the Corporate Office building. The foundation stone for the
Policy Term Bonus
Endowment (including Jeevan Anand) 5 to 19 61
Endowment (including Jeevan Anand) 20 to 24 65
Endowment (including Jeevan Anand) 25 and above 75
Money Back 15 61
Money Back 20 62
Money Back 25 63
Premium Term Bonus
Jeevan Tarang 10 61
15 63
20 72
Directors' Report;+rfns ;ldltsf] k|ltj]bg
15
!,$*@ j6f d[To' bfaLx? ;DkGg u/L ¿= @@=#! s/f]8 /sde'QmfgL eO{ ;s]sf] 5 . cf=j= @)^(÷&) df kl/kSjtf nfe, lhlat
settled since inception is 1482 in which we have paid Rs. 223.15
Million. We are happy to inform you that the company has
Corporate Office building of LIC Nepal has been laid at its 4
ropani of land at Babarmahal, Kathmandu on 2nd May’13. The
8 storied state of the art Corporate Office building is expected
to be constructed in 2 years.
Pact with CDS & Clearing Ltd and ICRA Nepal Ltd
LIC Nepal has made an agreement with CDS & Clearing Ltd. to
render service of dematerialization of securities. The conversion
of physical securities into electronic form (paperless form) will
provide safer, easier and faster service to the Shareholders.
The Company also made an agreement with ICRA (Nepal) Ltd,
- credit rating company to rate the securities situation for issue
of Right Shares of our Company. We have become the first and
only such ICRA rated Life Insurance Company in Nepal.
Customer Service
Networking, Premium Payment & Mobile SMS
The Company has developed a well-versed modern IT system
and all branches have been linked with the online networking
system. This state of the art IT system has enabled the company
to further improve the servicing to the Policyholders, making
service easier and more effective. LIC Nepal has successfully
introduced “ anywhere premium payment” system- it is now
possible for a customer to pay his premium in any branch of LIC
Nepal irrespective of where he/ she has taken the policy from.
Likewise, the Company has started “Mobile SMS Information
Service” to inform the policyholders regarding the premium
amount to be paid, payment deadline and premium receipt.
Claims
During the fiscal year 2069/70, we have settled 334 death claims
for an amount of Rs 57.50 Millions. The total death claims
skf]{/]6 ejg lgdf{0fsf] l;nfGof; @)&) a}zfv !( ut] ;DkGgul/Psf] 5 . * tNn] snfTds ejgsf] lgdf{0f sfo{ cfufdL@ jif{leqdf ;DkGg ul/;Sg] ljZjf; lnPsf 5f}+ .
l;l8P; P08 lSnol/· ln= / Oqmf g]kfn ln= ;“u ;Demf}tf
o; sDkgLn] l;l8P; P08 lSnol/· lnld6]8;u z]o/ lwtf]kqsf]cef}lts/0f ;'ljwf lngsf] nflu ;Demf}tf sfo{ cufl8 a9fPsf] 5 .z]o/ lwtf]kqnfO{ sfuhlalxg ljB'lts/0f k|0ffnLdf kl/0ft ubf{xfd|f z]o/wgLx?nfO{ cem a9L ;'/Iff, ;lhnf] / l56f] ;]jfx? k|fKtx'g]5 eGg] ljZjf; lnPsf 5f}+ . o;} jif{ sDkgLsf] xsk|b z]o/ hf/Lug]{ qmddf z]o/wgLx?nfO{ sDkgLsf] :ki6 cj:yfsf] hfgsf/Llbnfpg g]kfnsf] qm]l86 /]l6· sDkgL æOqmf g]kfn lnld6]8Æ;“u;Demf}tf ;DkGg eO{ d"Nof+sg u/fOPsf] lyof] . cfhsf] ldlt;Dddfof] sDkgL g]kfnsf] klxnf] / Ps dfq ICRA Rated Life Insurance
Company aGg k'u]sf] 5 .
Aofkf/Ls ;]jfx?
g]6jsL{·, aLdfz"Ns e'QmfgL / df]afOn P;PdP; ;]jf
sDkgLn] cTofw'lgs ;"rgfk|ljlwsf] dfWodaf6 ;a} zfvfsfof{nox?nfO{ cgnfOg g]6jsL{·df cfa4 ug{ ;kmn ePsf] 5 . of]s'zn ;"rgf k|ljlw dfkm{t\ xfd|f laldtx?nfO{ cem l56f] / ;/ntl/sfn] ;]jf k|bfg ug{ ;xof]u k'u]sf] 5 . cfw'lgs ;"rgf k|ljlwsf]k|of]u ub}{ u|fxsx?nfO{ ;kmntfk"j{s æh'g;'s} zfvfaf6 aLdfz"Nse'QmfgL ug{ ldNg] ;]jfÆ pknAw ul/b} cfPsf] 5f}+ . To;} u/L, xfnsDkgLn] laldtx?nfO{ pgLx?n] ltg'{ kg]{ aLdfz'Ns /sd, aLdfz'Nsa'emfpg] clGtd ldlt / aLdfz'Ns e'QmfgL k|fKt ePsf] hfgsf/Ldf]afOn P;PdP; ;]jf dfkm{t\ k|bfg ul/b} cfPsf] 5 .
d[To' bfaL
cf=j= @)^(÷&) df sDkgLn] hDdf ##$ j6f d[To' bfaLx? ;DkGgu/L ¿= %=&% s/f]8 /sd e'QmfgL u/]sf] 5 . ;'?jftb]lv xfn;Dd
Directors' Report;+rfns ;ldltsf] k|ltj]bg
16
achieved zero outstanding death, maturity and survival benefit
claims which is an unparalleled achievement in the entire
industry. All the maturity and survival benefit claims of the
company due in the fiscal, were settled in the fiscal itself, a
unique feat in the Life Insurance Market of Nepal. The total
claim amounts paid during the year is 327.86 Million.
Other Marketing Activities
During the year of review, the Company recruited 1176 new
agents. As at the end of Ashad 2070, we had 26441 agents on
roll out of whom 4142 have contributed to the business of the
Company. During the year just completed, 153 Agents have
become Centurions and 50 Agents have qualified to be the
member of prestigious MDRT Club for insurance professionals.
A continuous exercise is being undertaken to enhance the selling
skills of the agents, with refresher trainings, by providing them
with literature on marketing and allied subjects and keeping
them engaged through various innovative competitions.
Corporate Social Responsibility
Under CSR, LIC Nepal has focused its assistance to needy blind
children of the nation for their education and empowerment
support activities since last year. As a part of our first CSR
initiative, the Company has donated a total of Rs 1,00,000 to
the blind children of two schools i.e. Namuna Machchhindra
Higher Secondary School, Lagankhel, Lalitpur with Rs 65,000
and Adarsha Higher Secondary School Thimi Bhaktapur with Rs
35,000. Likewise, the Company has donated Rs. 5,00,000 to
Prime Minister Relief Fund for the assistance of Darchula Flood
victims. There shall be our continuous endeavors further in
future under CSR activities.
Corporate Governance
Company’s Board of Directors meet regularly as per the
prescribed rules. 66 such meetings have been held till date. In
addition to policy matters, the Board also provides strategic
direction, ensures financial discipline and accountability, and
also ensures protection of interest of the policy holders and
other stakeholders. The Board of Directors strictly act as per
the terms laid out in the Good Governance Guidelines for
insurers, 2069 issued by Beema Samiti.
Share purchased by Directors
During the financial year 2069/70, neither Directors nor Officers
of the Company have purchased any shares of the Company
and they have not been involved in any transactions related
thereto.
nfe / d[To' bfaL e'QmfgL k"0f{ ?kn] km5\of]{6 ug{ ;kmn x“'b} k"gM bfaLe'QmfgL ;Dkfbg sfo{df g]kfnsf] hLjg aLdf pBf]u d} o; sDkgLn]pRrtd dfkb08 sfod ug{ ;kmn ePsf] ;xif{ hfgsf/L u/fpgrfxG5f} . sDkgLn] e'QmfgL ug'{ kg]{ ;a} kl/kSjtf nfe / lhlatnfe e'QmfgLx? aLdf lgodfjnLsf] Dofbleq} ;f]xL cfly{s jif{df;Dkfbg ul/Psfn] sDkgLsf] ;kmntfdf cem ;'uGw ylkPsf] 5 .o; jif{ e'QmfgL ePsf] s"n bfaL /sd ¿= #@=&* s/f]8 /x]sf]hfgsf/L u/fp“b5f} .
cGo Aofkfl/s lqmofsnfkx?
cf=j= @)^(÷&) df sDkgLn] !,!&^ hgf gof“ clestf{x? lgo'Qmu/]sf] lyof] . To;} u/L @)&) cfiff9 d;fGt;Dddf sDkgLdf hDdf@^,$$! hgf clestf{x? sfo{/t /x]sf lyP h; dWo] $,!$@ hgfclestf{x?n] aLdf Aofkf/df ;lqmo of]ubfg k'¥ofpg' ePsf] 5 . o;jif{ !%# hgf clestf{x? ;tsaL/ / %) hgf aLdf k]zfsf];Ddflgt MDRT Club df ;b:o aGg ;kmn ePsf 5g\ . sDkgLsf]laqmL a9fpg] p2]Zon] gof“ clestf{x?nfO{ lgoldt ?kdf tflnd /laBdfg clestf{x?nfO{ cem a9L Aoj;flos agfpg dfs]{l68·;Lksf]cWoog ;fdfu|Lx?, k"gtf{huL tflnd tyf laqmosnfsf sfo{qmdx?;+rfng ul/b} cfPsf] 5g\ .
;+:yfut ;fdflhs pQ/bfloTj
ut aif{b]lv o; sDkgLn] ;+:yfut ;fdflhs pQ/bfloTj cGtu{tb]zsf g]qxLg afnaflnsfx?sf] lzIff / ;zlQms/0fdf cfkm\gf]Wofg s]lGb|t u/]sf] 5 . klxnf] k6s o; sDkgLn] @ ljBfnosfg]qxLg afnaflnsfx?nfO{ ¿= !,)),))) /sd ;xof]u k|bfg u/]sf]5, h; cGtu{t gd'gf dlR5Gb| pRr df=lj= nugv]n, nlntk'/nfO{¿= ^%,))) / cfbz{ pRr df=lj= l7dL, eQmk'/nfO{ ¿= #%,)))lbOPsf] lyof] . To;} u/L, sDkgLn] bfr'{nfsf af9Llkl8tx?sf] ;xof]ufy{egL ¿= %,)),))) k|wfgdGqL b}aL k|sf]k ;xfotf sf]ifdf /sdk|bfg u/]sf] lyof] . xfdL eljiodf klg ;+:yfut ;fdflhspQ/bfloTjnfO{ lg/Gt/tf lbg]5f}+ .
;+:yfksLo Aoj:yfkg
sDkgL ;+rfns ;ldltsf] a}7s P]g adf]lhd lgoldt ?kdf a:g]u/]sf] 5 . xfn;Dd ^^ j6f a}7sx? ;DkGg e};s]sf 5g\ . gLltlgdf{0fsf] cltl/Qm ;+rfns ;ldltn] sDkgLnfO{ /0fgLlts lgb]{zglbg], ljlQo cg'zf;g / hjfkmb]lxtf sfod u/fpg], laldt / cGo;]jfu|fxLx?sf] lxt/Iffy{ lglZrt\tf k|bfg ug]{ sfd u/]sf] 5 .To;sf] cltl/Qm sDkgLn] aLdssf] ;+:yfut ;'zf;g ;DjGwL lgb]{lzsf,@)^( sf k|fjwfgx?nfO{ s8fO{sf ;fy kfngf u/]sf] 5 .
;+rfnsx?åf/f z]o/sf] v/Lb
cfly{s jif { @)^(÷&) df o; sDkgLsf ;+rfns tyfkbflwsf/Lx?åf/f s'g} z]o/ v/Lb gul/Psf] tyf z]o/ sf/f]af/dflghx?sf] ;+nUgtf /x]sf] 5}g .
Directors' Report;+rfns ;ldltsf] k|ltj]bg
17
z]o/wgLx?af6 k|fKt hfgsf/L
z]o/wgL dxfg'efjx?af6 k|fKt x'g] ;'emfjnfO{ sDkgL ;b}j :jfutub{5 . z]o/wgLx?af6 k|fKt plrt ;'emfjx?nfO{ sDkgLsf] a[lQljsf;df of]ubfg k'/\ofpgsf] lglDt cjnDag ug]{ tkm{ xfd|f] k|oTg;b}j /xg] 5 .
cGo v'nfpg' kg]{ s'/fx?
k|rlnt P]g tyf sfg"g adf]lhd sDkgLsf] cGo s'g} s'/f v'nfpg'kg]{ 5}g .
cfef/ AoQm
;+rfns ;ldlt o; sDkgLnfO{ lg/Gt/ ;xof]u / dfu{ lgb{]zg ug]{g]kfn ;/sf/, cy{ dGqfno, g]kfn /fi6« a}+s, aLdf ;ldlt, g]kfnlwtf]kq af]8{, sDkgL /lhi6«f/ sfof{no, g]kfn :6s PS;r]Gh ln=/ cGo ;DjlGwt lgsfox?nfO{ xflb{s cfef/ JoQm ug{ rfxG5 .To;} u/L ;+rfns ;ldlt o; sDkgLnfO{ lg/Gt/ ;xof]u / dfu{lgb{]zg k|bfg ug]{ ef/tLo hLjg aLdf lgudsf ljleGg ljefux?nfO{s[t1tf JoQm ug{ rfxG5 . ;Dk"0f{ cfb/0fLo z]o/wgL / laldtdxfg'efjx?af6 sDkgLnfO{ lg/Gt/ k|fKt ;xof]u, ;lbR5f /cfTdljZjf;sf nflu klg cfef/ JoQm ug{ rfxG5f} .
o; sDkgLnfO{ gof“ prfO{sf] ;kmntfdf k'¥ofpg cljlR5Ggnuglzntf / d]xgt ug'{x'g] ;Dk"0f{ ahf/ k|ltlglwx? tyfsd{rf/Lx?nfO{ ;+rfns ;ldlt wGojfb lbg rfxG5 . sDkgLsf]n]vf k|0ffnLnfO{ pTs[i6 :t/df sfod /fVg ;xof]u / dfu{ lgb]{zgug'{ x'g] aLdf°L / rf6{8 PsfpG6]G6 Pj+ n]vfk/LIfs dxf]box?dfklg xfdL s[t1tf JoQm ug{ rfxG5f} . nfOkm OG:of]/]G; skf]{/]zg-g]kfn_ ln= g]kfnsf] Ps pTs[i6 æ;fdflhs k|lti7f / cfly{s dxTjaf]s]sf] ;+:yfÆ aGg ;sf];\ eGg] clek|fosf ;fy xfdL cfd g]kfnLhg;d'bfoaf6 eljiodf o:t} k|sf/sf] lg/Gt/ ;xof]u / ;lbR5fsf]]ck]Iff ub{5f}+ .
wGojfb .
;+rfns ;ldlt
Information/Suggestion from Shareholders
With our functioning being open and transparent, suggestions
from shareholders are always welcome. We would be delighted
to receive suggestions from your goodselves, for furthering the
growth of the Company and would definitely give due
consideration to these.
Any other matter to be disclosed
Apart from the above mentioned facts, there are no other
mandatory disclosures by the Company in accordance with any
of the existing laws of Nepal.
Expression of Gratitude
The Board of Directors acknowledges with gratitude the
support received from the honourable Government of Nepal,
the Ministry of Finance, Nepal Rastra Bank, Beema Samiti,
Security Board of Nepal, Office of the Company Registrar, Nepal
Stock Exchange and all other concerned Departments. The
Board of Directors would also like to acknowledge the guidance
and help received from the various departments of LIC of India.
The Board also places on record its gratitude to the
Shareholders and Policyholders of the company, who have
reposed their faith, trust and confidence in the Company by
their continued patronage.
The Board of Directors would like to thank all the marketing
intermediaries and all the members of staff of the Company for
their unstinted support and hard work without which the
Company would not have scaled these heights. Our gratitude is
also due to our Consultant Actuaries, Chartered Accountants
and Auditors for their support and guidance, in maintaining the
highest standards of corporate excellence. The Board of
Directors and the company sincerely solicit the continued
support and patronage of the public of Nepal to make the
Company “an organization of social repute and financial
significance” to the people of Nepal.
Thank you once again.
Board of Directors
18
CIL 12th ANNUAL REPORT12th ANNUAL REPORT
19
CIL!@cf}+ jflif{s k|ltj]bg!@cf}+ jflif{s k|ltj]bgP;= ;L= nfn P;f]lzP^\;\
S. C. LAL ASSOCIATESChartered Accountants
Jwagal, Kopundole, Lalitpur, Nepal.
P. O. Box No 9222, Kathmandu, Nepal
Tel +977 1 5550424 Web www.scla.com.np
Fax +977 1 5011187 Email [email protected]
nfOkm OG:of]/]G; skf]{/]zg -g]kfn_ ln= sf]
z]o/wlg dxfg'efjx?nfO{ :jt+q n]vfk/LIfssf] k|ltj]bg
xfdLn] >L nfOkm OG:of]/]G; skf{]/]zg -g]kfn_ lnld6]8 sf] @)&) cfiff9 d;fGtsf] jf;nft / pQm ldltdf ;dfKt ePsf] cfly{s jif{sf] ;+nUg gfkmfgf]S;fg lx;fa, cfo Joo lx;fax¿ tyf gub k|jfx ljj/0f n]vfk/LIf0f u/L lgDg adf]hLdsf] k|ltj]bg lbPsf 5f}+ .
Joj:yfkgsf] bfloTj
n]vf, cfGtl/s lgoGq0f tyf ljlQo ljj/0f ;DjlGw k|0ffnL tyf 9f+rfsf] ljsf; tyf sfof{Gjog sDkgLsf] Joj:yfkgsf] bfloTj xf] . sDkgLsf] Joj:yfkgsf]bfloTj cGtu{t ljlQo ljj/0f unt cf+s8f, hfn;fhL / ;f/e"t ¿kdf q'l6 /lxt 5 egL ljlQo ljj/0f tof/L / k|:t"tLs/0f ug{] ;DaGwL cfGtl/s lgo+q0fk|0ffnLsf] th'{df, sfof{Gjog / ;+rfng ug{] sfo{, n]vfgLltsf] 5gf}6 tyf sfof{Gjog, Pj+ n]vf ;DaGwL dxTjk'0f{ cg'dfgx¿ kb{5g\ .
n]vfk/LIfssf] bfloTj
xfd|f] sfo{ sDkgLn] /fvL b]vfPsf] >]:tf Pj+ sfuhftx¿ dfly g]kfn n]vfk/LIf0f dfg cg'¿k n]vfk/LIf0f ul/ k|:t't ljlQo ljj/0f pk/ dGtJo JoQmug{' /x]sf] 5 . pk/f]Qfg';f/ dGtJo lbg xfdLn] pk/f]Qm ljlQo ljj/0fx¿ g]kfn n]vfk/LIf0f dfg cg';f/ n]vfk/LIf0f u/]sf 5f}+ . pk/f]Qm dfg cg';f/ljlQo ljj/0fx¿df pNn]vgLo e|dk'0f{ ljj/0f 5 5}g lglZrt ug{ plrt of]hgf jgfO{ n]vfk/LIf0f sfo{ ug{' kb{5 . n]vfk/LIf0f cGtu{t n]vf tyf ;DjlGwtsfuhftx¿sf 58\s] hf+rsf ;fy} ljlQo ljj/0fx?df v'nfOPsf tYo, ckgfOPsf n]vfgLltx¿, Joj:yfkgåf/f cg'dfg ul/Psf ;DklQ tyf bfloTjsf]kl/df0fLs/0f Pj+ cfly{s ljj/0fx¿sf] k|:t"tLs/0fsf] d'Nof°g ul/G5 .
:jt+qtf
n]vfk/LIf0fsf] qmddf xfdLn] g]kfndf k|rlnt tyf nfu" /x]sf :jt+qtf ;DalGw Jofj;flos cfr/0f / cfjZostfx¿sf] kfng u/]sf 5f}+ .
n]vfk/LIf0f dGtJo
xfd|f] /fodf / xfdLn] hfg] a'e]m ;Dd tyf xfdLnfO{ pknJw u/fOPsf] ;"rgfsf] cfwf/df ;+nUg jf;nftn] sDkgLsf] @)&) cfiff9 d;fGtsf] oyfy{ cfly{scj:yfsf] Pj+ ;+nUg gfkmf gf]S;fg lx;fa / cfo Joo lx;fax¿n] ;f]xL ldltdf ;dfKt ePsf] cfly{s jif{sf] ;+rfng gtLhf tyf gub k|jfx ljj/0fn]gub k|jfxsf] ;d'lrt lrq0f ub{5 .
g]kfn sDkgL P]g @)^# df pNn]lvt k|fjwfgx¿ adf]lhdsf] k|ltj]bg
!= n]vfk/LIf0fsf]nflu xfd|f] hfgsf/L tyf ljZjf; cg';f/ cfjZos ;"rgf Pj+ :kli6s/0f k|fKt eof] .@= xfd|f] /fodf k]z ePsf] jf;nft, gfkmf gf]S;fg lx;fa / gub k|jfx ljj/0f nufotsf ljlQo ljj/0fx¿ tf]lsPsf] 9f+rf / t/Lsf cg'¿k tof/ ePsf]
5 / pQm ljlQo ljj/0fx¿ sDkgLn] /fv]sf] lx;fa lstfa, axL vftf, >]:tf / n]vf;+u b'¿:t /x]sf] 5 .#= sDkgLsf] lx;fa lstfa, axL vftf, >]:tf / n]vf k|rlnt sfg"g adf]lhd /flvPsf] 5 .$= sDkgLsf] s'g} kbflwsf/Ln] sfg"g ljk/Lt s'g} sfdsfh jf a]lx;fa jf clgoldt sfo{ jf sDkgLnfO{ xfgL gf]S;fgL u/] u/fPsf] xfd|f] hfgsf/Ldf cfPsf]
5}g .%= xfd|f] /fodf ;+:yfsf] sf/f]af/ ;Gtf]ifk|b ¿kaf6 ;+rfng ePsf] 5 .
lg= P;= ;L= nfn P;f]lzP6\;\rf6{8{ Psfp06]06\;\
l;P ;tLz rGb| nfn
nlntk'/M
ldltM @)&)÷!)÷@
20
CIL 12th ANNUAL REPORT12th ANNUAL REPORTP;= ;L= nfn P;f]lzP^\;\
S. C. LAL ASSOCIATESChartered Accountants
Jwagal, Kopundole, Lalitpur, Nepal.
P. O. Box No 9222, Kathmandu, Nepal
Tel +977 1 5550424 Web www.scla.com.np
Fax +977 1 5011187 Email [email protected]
For S. C. Lal AssociatesChartered Accountants
CA Satish Chandra Lal
Independent Auditors Report to the Shareholders of
Life Insurance Corporation (Nepal) Ltd.
We have audited the accompanying Balance Sheet, Profit and Loss Account, Revenue Accounts and Cash Flow Statement of the Life InsuranceCorporation (Nepal) Limited as of 31st Ashadh 2070 and report as following.
Responsibility of the Management of the Company
It is the responsibility of the management to establish and maintain system of internal control to enable the preparation of financial statement that is free frommaterial misstatement, whether due to fraud and error. The management is also responsible to prepare and present financial statements in conformity withthe Nepal Accounting Standards. This responsibility includes selecting and applying appropriate accounting policies and making accounting estimates thatare reasonable in the circumstances.
Auditor’s Responsibility and Scope
Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with Nepal Standardson Auditing. Those standards require that we comply with the ethical requirements and plan and perform the audit to obtain reasonable assurance aboutwhether the financial statements are free of material misstatement.
An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. The procedures selecteddepend upon the auditor’s judgment, including the assessment of risks of material misstatement of the statement, whether due to fraud or error. In makingthose risk assessments, the auditor considers internal control relevant to the organization’s preparation of the statements in order to design auditprocedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the organization’s internalcontrol. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overallfinancial statement presentation.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a reasonable basis for our opinion.
Independence
In conducting our audit we followed appropriate independence requirements of Nepalese professional ethical pronouncements.
Audit Opinion
In our opinion, the aforementioned financial statements read together with notes on accounts annexed herewith, are presented fairly, in all material respects,the financial position of the Company as of 31st Ashadh 2070, the results of its operation and its cash flows for the year then ended in accordance with NepalAccounting Standards and comply with Companies Act, 2063.
Report on matters required under Companies Act, 2063
1. 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;
2. In our opinion, the balance sheet, Profit and Loss Account and the Cash Flow Statement referred in this report have been prepared in accordancewith Companies Act, 2063 and are in agreement with the books of account maintained by the company;
3. In our opinion, proper books of account as required by prevailing law have been kept by the company so far as appears from our examination of suchbooks;
4. To the best of our information and according to explanations given to us and from our examination of the books of account of the company necessaryfor the purpose of our audit, we have not come across cases where Board of Directors or any employee of the company have acted contrary to theprovisions of law, or committed any misappropriation or caused loss or damage to the company.
Kathmandu:
Dated: 2070/10/2
21
CIL!@cf}+ jflif{s k|ltj]bg!@cf}+ jflif{s k|ltj]bgnfOkm OG:of]/]G; skf]{/]zg -g]kfn_ ln=
@)&) cfiff9 d;fGtsf] jf;nft
ljj/0fqm=;+= cg';"rL o; jif{ ut jif{
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
16
17
11
18
19
20
21
3
23
22
21
23
24
25
26
9
26 s
27
1
2
3
4
5
qm=;+= ljj/0f ut jif{o; jif{
>f]tr'Qmf k"“hLhu]8f tyf sf]ifhLjg aLdf sf]ifdxf–ljkQL hu]8fltg{ af“sL bL3{sflng C0f tyf ;fk6Ls"n >f]tpkof]ul:y/ ;DkQL -v'b_lb3{sflng nufgLaLdfn]vsf] lwtf]df shf{cGo bL3{sflng shf{rfn' ;DkQL shf{ tyf k]ZsLx?gub tyf a}+s df}HbftcNksflng nufgLcGo cNksflng shf{cGo ;DkQLhDdf -s_ -!)+!!+!@+!#_rfn' bfloTj tyf Joj:yfx?rfn' bfloTjc;dfKt hf]lvd jfkt Joj:yfe'QmfgL x'g af“sL bfjL afkt Joj:yfcGo Aoj:yfhDdf -v_ -!$+!%+!^+!&_v"b rfn' ;DkQL -u_ = -s_ – -v_ckn]vg jf ;dfof]hg x'g af“sL ljljw vr{x?gfkmf gf]S;fg lx;faaf6 ;f/]sf] gf]S;fg
s"n pkof]u -^+&+*+(+!*+!(+@)_
405,000,000
272,497,002
11,775,627,360
- .
- .
12,453,124,36212,453,124,36212,453,124,36212,453,124,36212,453,124,362
213,815,961
7,300,207,824
1,289,643,812
16,562,670
288,787,886
3,403,481,146
160,627,531
800,051,333
4,652,947,8964,652,947,8964,652,947,8964,652,947,8964,652,947,896
982,439,325
- .
5,454,984
71,074,170
1,058,968,4791,058,968,4791,058,968,4791,058,968,4791,058,968,479
3,593,979,417
38,914,678
- .
12,453,124,36212,453,124,36212,453,124,36212,453,124,36212,453,124,362
r'Qmf jf e'QmfgL x'g af“sL nufgLk|Tofe"lt k|lta4tfaLdfn]v cGtu{t eGbf afx]saf6 aLds pk/ bfjL k/]sf] t/ aLdsn] bfloTj :jLsf/ gu/]sf]aLdsn] jf aLdssf] tkm{af6 lbOPsf] Uof/]06L/]k'8]zg ul/Psf] d[To' bfjL
hDdf
- .
- .
- .
- .
13,105,829
13,105,82913,105,82913,105,82913,105,82913,105,829
;+efljt bfloTjx? tyf cg';"rL #, (, !! tyf !^ b]lv @( ;Dd o;sf cleGg c+u x'g\ .
;+efljt bfloTjx?
250,000,000
158,576,178
8,906,342,944
- .
- .
9,314,919,1229,314,919,1229,314,919,1229,314,919,1229,314,919,122
210,249,387
7,186,397,364
824,064,633
13,657,297
211,914,887
916,961,001
87,021,228
520,256,498
1,736,153,6141,736,153,6141,736,153,6141,736,153,6141,736,153,614
631,190,237
- .
4,508,656
71,073,091
706,771,984706,771,984706,771,984706,771,984706,771,984
1,029,381,630
51,168,811
- .
9,314,919,1229,314,919,1229,314,919,1229,314,919,1229,314,919,122
- .
- .
- .
- .
11,254,488
11,254,48811,254,48811,254,48811,254,48811,254,488
ljlkg s'df/ nfna= ljQ clws[t
le=s]= s's\/]hf;+rfns
/fh]z s'df/ rf}w/L;xfos dxfk|jGws
czf]s cu|jfn;+rfns
lk=cf/= ld>k|d'v sfo{sf/L clws[t÷;+rfns
P;=aL= dfogfs;+rfns
/fh]Gb| cof{n;+rfns
P;=s]= /f‘ocWoIf
;+nUg k|lta]bgsf] cfwf/df
l;P= P;=l;= nfnlk|lG;knP;=l;= nfn P08 P;f]l;P6rf6{8{ Psfp06]06;\
22
CIL 12th ANNUAL REPORT12th ANNUAL REPORTLife Insurance Corporation (Nepal) Ltd.
Balance Sheet as on 31st Ashad 2070 (15th July 2013)
S.N. Particulars Schedule Current Year Previous Year
Sources
1 Paid up capital 16
2 Reserves & Surplus 17
3 Life Insurance Fund 11
4 Catastrophe Reserve 18
5 Long Term Loans & Borrowings 19
Total Sources
Uses
6 Fixed Assets (Net) 20
7 Long Term Investments 21
8 Policy Loans 3
9 Other Long Term Loans 23
Current Assets, Loans and advances:
10 Cash and Bank Balance 22
11 Short Term Investments 21
12 Other Short Term Loans 23
13 Other Assets 24
Total (A){10+11+12+13}
Current liabilities and provisions:
14 Current Liabilities 25
15 Provision for Unexpired Risk 26
16 Provision for outstanding Claims 9
17 Other Provision 26a
Total (B) {14+15+16+17}
18 Net Current Assets C = (A-B)
19 Miscellaneous Expenses (To the extent not written off) 27
20 Loss Transferred from Profit & Loss Account
Total Uses (6+7+8+9+18+19+20)
Contingent Liabilities and Schedule 3,9,11& 16 to 29 are integral part of this Balance Sheet.
Contingent Liabilties
S.N. Particulars Current Year Previous Year
1 Unpaid Investment – -
2 Underwriting Commitment – -
3 Claim other than insurance business not accepted by the company – -
4 Guarantee issued by insured or on behalf of insured – -
5 Other (Death Claims Repudiated) 13,105,829 11,254,488
Total 13,105,829 11,254,488
250,000,000
158,576,178
8,906,342,944
- .
- .
9,314,919,122
210,249,387
7,186,397,364
824,064,633
13,657,297
211,914,887
916,961,001
87,021,228
520,256,498
1,736,153,614
631,190,237
- .
4,508,656
71,073,091
706,771,984
1,029,381,630
51,168,811
- .
9,314,919,122
405,000,000
272,497,002
11,775,627,360
- .
- .
12,453,124,362
213,815,961
7,300,207,824
1,289,643,812
16,562,670
288,787,886
3,403,481,146
160,627,531
800,051,333
4,652,947,896
982,439,325
- .
5,454,984
71,074,170
1,058,968,479
3,593,979,417
38,914,678
- .
12,453,124,362
As per our report of even date
CA. S.C. LalPrincipal
For S.C. Lal & Associates
Chartered Accountants
Bipin Kumar LalSr. Finance Officer
V.K. KukrejaDirector
Rajesh Kumar ChoudharyAsst. General Manager
Ashok AgrawalDirector
P.R. MishraCEO/Director
S.B. MainakDirector
Rajendra AryalDirector
S.K. RoyChairman
23
CIL!@cf}+ jflif{s k|ltj]bg!@cf}+ jflif{s k|ltj]bgnfOkm OG:of]/]G; skf]{/]zg -g]kfn_ ln=
cfly{s jif{ @)^(/)&) sf] gfkmf gf]S;fg lx;fa
cfDbfgLcfo Joo lx;faaf6 ;f/]sf]hLjg aLdf sf]ifaf6 ;f/]sf]nufgL shf{ tyf cGoaf6 cfoJoj:yf lkmtf{cGo cfDbfgL -ljj/0f v'nfpg]_hDdf cfDbfgL -s_vr{Joj:yfkg vr{ckn]vg vr{z]o/ ;DalGw vr{cGo vr{x?gf]S;fgLsf] nflu Joj:yfsd{rf/L cfjf; Joj:yfsd{rf/L af]g; Joj:yf;dfof]lht cfos/ -c_ = -cf_–-O_-cf_ cfos/-O_ :yug s/ ;DklQ÷bfloTjhLjg aLdf sf]ifdf ;f/]sf]hDdf vr{ -v_v'b gfkmf÷-gf]S;fg_ -u_ = -s_–-v_cl3Nnf] jif{;“u ;DalGwt vr{cl3Nnf] jif{af6 ;fl/Psf] gfkmf÷-gf]S;fg_af“8kmf“8sf] nflu pknAw /sd-s_ :yug s/ hu]8f-v_ k"“hLut hu]8f-u_ ljz]if hu]8f-3_ cGo hu]8f -ljj/0f v'nfpg]_-ª_ k|:tfljt nfef+z-c_ af]g; z]o/-cf_ gub nfef+z-r_ dxf–ljkQL hu]8f
jf;nftdf ;f/]sf] gfkmf÷-gf]S;fg_
ljj/0fqm=;+= cg';"rL o; jif{ ut jif{
- .
282,849,104
31,703,657
11,905,626
- .
326,458,387326,458,387326,458,387326,458,387326,458,387
22,556,768
35,484
1,313,108
- .
- .
- .
27,504,821
(2,298,010)
- .
- .
- .
49,112,17149,112,17149,112,17149,112,17149,112,171
277,346,216277,346,216277,346,216277,346,216277,346,216
- .
3,144,207
280,490,423280,490,423280,490,423280,490,423280,490,423
3,619,696
- .
- .
- .
- .
151,875,000
7,993,421
- .
117,002,306117,002,306117,002,306117,002,306117,002,306
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
10
11
2
12
7
13
13 s14
15
26 s26 s
8
11
17
17
17
17
17
26 s
18
cg';"rL @, &, * tyf !) b]lv !%, !&, !* / @^ ‘s’ ;Dd o;sf cleGg c+u x'g\ .
1,321,686
3,619,696
- .
194,148,045
16,966,474
134,478
- .
211,248,997211,248,997211,248,997211,248,997211,248,997
24,835,382
1,608
50,000
- .
- .
- .
16,942,001
(2,354,422)
- .
- .
- .
39,474,56939,474,56939,474,56939,474,56939,474,569
171,774,428171,774,428171,774,428171,774,428171,774,428
- .
(5,040,356)
166,734,073166,734,073166,734,073166,734,073166,734,073
- .
- .
- .
- .
- .
155,000,000
8,157,895
- .
3 ,576,1783,576,1783,576,1783,576,1783,576,178
ljlkg s'df/ nfna= ljQ clws[t
le=s]= s's\/]hf;+rfns
/fh]z s'df/ rf}w/L;xfos dxfk|jGws
czf]s cu|jfn;+rfns
lk=cf/= ld>k|d'v sfo{sf/L clws[t÷;+rfns
P;=aL= dfogfs;+rfns
/fh]Gb| cof{n;+rfns
P;=s]= /f‘ocWoIf
;+nUg k|lta]bgsf] cfwf/df
l;P= P;=l;= nfnlk|lG;knP;=l;= nfn P08 P;f]l;P6rf6{8{ Psfp06]06;\
24
CIL 12th ANNUAL REPORT12th ANNUAL REPORT
Income
Transferred from Revenue A/C
Transferred from Life Insurance Fund
Income from Investment Loan and Others
Written Back Provision
Other Income
Total Income (A)
Expenses
Management expenses
Written off expenses
Share related expenses
Other expenses
Provision for loss
Provision for Employees housing
Provision for Employees Bonus
Adjusted Income tax A = (B-C)
B. Income Tax
C. Defferred Tax Assets/(Liabilities)
Transferred to Life Fund
Total Expenses (B)
Net Profit/(loss) A = (B-C)
Expenses pertains to Previous year
Profit transferred from Previous year
Amount avialable for Apporopriation
(a) Deferred tax reserve
(b) Capital reserve
(c) Special reserve
(d) Other reserve
(e) Proposed dividend
(f) Bonus share
(g) Cash dividend
(h) Catastrophy reserve
Profit transferred to Balance sheet
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
Schedule 2, 7, 8 &10 to 15, 17, 18 & 26 A are integral part of this Profit & Loss Account.
1,321,686
3,619,696
Life Insurance Corporation (Nepal) Ltd.
Profit and Loss Account for the year of 2069/070 (2012/13)
S.N. Particulars Schedule Current Year Previous Year
10
11
2
12
7
13
13 (A)
14
15
26 (A)
26 (A)
8
11
17
17
17
17
17
26 (A)
18
- .
282,849,104
31,703,657
11,905,626
- .
326,458,387
22,556,768
35,484
1,313,108
- .
- .
- .
27,504,821
(2,298,010)
- .
- .
- .
49,112,171
277,346,216
- .
3,144,207
280,490,423
3,619,696
- .
- .
- .
- .
151,875,000
7,993,421
- .
117,002,306
- .
194,148,045
16,966,474
134,478
- .
211,248,997
24,835,382
1,608
50,000
- .
- .
- .
16,942,001
(2,354,422)
- .
.- .
- .
39,474,569
171,774,428
- .
(5,040,356)
166,734,073
- .
- .
- .
155,000,000
8,157,895
- .
3,576,178
As per our report of even date
CA. S.C. LalPrincipal
For S.C. Lal & Associates
Chartered Accountants
Bipin Kumar LalSr. Finance Officer
V.K. KukrejaDirector
Rajesh Kumar ChoudharyAsst. General Manager
Ashok AgrawalDirector
P.R. MishraCEO/Director
S.B. MainakDirector
Rajendra AryalDirector
S.K. RoyChairman
25
CIL!@cf}+ jflif{s k|ltj]bg!@cf}+ jflif{s k|ltj]bgnfOkm OG:of]/]G; skf]{/]zg -g]kfn_ ln=cfly{s jif{ @)^(÷)&) sf] Plss[t cfo Joo lx;fa
cfoaLdfz'Ns -v'b_k'gaL{df sldzg cfonufgL, shf{ tyf cGoaf6 cfoaLdfn]vsf] lwtf]df shf{af6 cfocGo k|ToIf cfocfly{s jif{sf] z'?sf] e'QmfgL x'g af“sL bfjL jfkt Joj:yfcfly{s jif{sf] z'?sf] c;dfKt hf]lvd jfkt Joj:yfhDdf cfo -s_JoobfjL e'QmfgL -v'b_clestf{ sldzg:jf:Yo k/LIf0f z'Nsk'gaL{df sldzg vr{;]jf z'Ns -v'b_cGo k|ToIf vr{Joj:yfkg vr{cfos/cfly{s jif{sf] cGTodf e'QmfgL x'g af“sL bfjL jfkt Joj:yfcfly{s jif{sf] cGTodf c;dfKt hf]lvd jfkt Joj:yfhDdf Joo -v_hLjg aLdf sf]ifdf ;f/]sf] artgfkmf gf]S;fg lx;fadf ;f/]sf] art÷-gf]S;fg_
ljj/0fqm=;+= cg';"rL o; jif{ ut jif{
3,150,543,765
4,287,502
905,353,923
109,777,300
37,013,304
4,508,656
- .
4,211,484,4504,211,484,4504,211,484,4504,211,484,4504,211,484,450
327,859,992
395,342,800
11,389,842
- .
31,505,438
- .
183,996,887
104,232,958
5,454,984
- .
1,059,782,9011,059,782,9011,059,782,9011,059,782,9011,059,782,901
3,151,701,5493,151,701,5493,151,701,5493,151,701,5493,151,701,549
- .
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
1
2
3
4
5
6
7
8
9
cg';"rL ! b]lv ( ;Dd o;sf cleGg c+u x'g\ .
2,525,597,268
2,347,177
689,549,208
66,636,125
26,766,753
3,107,243
- .
3,314,003,7743,314,003,7743,314,003,7743,314,003,7743,314,003,774
233,136,813
325,158,258
9,237,884
- .
25,255,973
- .
223,518,439
44,165,402
4,508,656
- .
864,981,425864,981,425864,981,425864,981,425864,981,425
2,449,022,3492,449,022,3492,449,022,3492,449,022,3492,449,022,349
- .
ljlkg s'df/ nfna= ljQ clws[t
le=s]= s's\/]hf;+rfns
/fh]z s'df/ rf}w/L;xfos dxfk|jGws
czf]s cu|jfn;+rfns
lk=cf/= ld>k|d'v sfo{sf/L clws[t÷;+rfns
P;=aL= dfogfs;+rfns
/fh]Gb| cof{n;+rfns
P;=s]= /f‘ocWoIf
;+nUg k|lta]bgsf] cfwf/df
l;P= P;=l;= nfnlk|lG;knP;=l;= nfn P08 P;f]l;P6rf6{8{ Psfp06]06;\
26
CIL 12th ANNUAL REPORT12th ANNUAL REPORTLife Insurance Corporation (Nepal) Ltd.
Consolidated Revenue Account for the F.Y. 2069/070 (2012/13)
Income
Net Premium
Re-Insurance Commission Income
Investment, Loan And Other Income
Income from Policy Loan
Other Direct Income
Provision for outstanding claims at the beginning of the year
Provision for unexpired risk at the beginning of the year
Total Income (A)
Expenditure
Claim Payment (Net)
Agent Commisions
Medical Fees
Re-Insurance Commission Expenses
Service Charges (Net)
Other Direct Expenses
Management Expenses
Income Tax
Provision for Outstanding claim to be paid at the end of the year
Provision for unexpired Risk to be paid at the end of the year
Total Expenditure (B)
Surplus Transferred to Life Fund (A-B)
Surplus/Loss Transferred to Profit & Loss Account
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
1
2
3
4
5
6
7
8
9
Schedule 1 to 9 are integral part of this Revenue Account.
S.N. Particulars Schedule Current Year Previous Year
3,150,543,765
4,287,502
905,353,923
109,777,300
37,013,304
4,508,656
- .
4,211,484,450
327,859,992
395,342,800
11,389,842
- .
31,505,438
- .
183,996,887
104,232,958
5,454,984
- .
1,059,782,901
3,151,701,549
- .
2,525,597,268
2,347,177
689,549,208
66,636,125
26,766,753
3,107,243
- .
3,314,003,774
233,136,813
325,158,258
9,237,884
- .
25,255,973
- .
223,518,439
44,165,402
4,508,656
- .
864,981,425
2,449,022,349
- .
As per our report of even date
CA. S.C. LalPrincipal
For S.C. Lal & Associates
Chartered Accountants
Bipin Kumar LalSr. Finance Officer
V.K. KukrejaDirector
Rajesh Kumar ChoudharyAsst. General Manager
Ashok AgrawalDirector
P.R. MishraCEO/Director
S.B. MainakDirector
Rajendra AryalDirector
S.K. RoyChairman
27
CIL!@cf}+ jflif{s k|ltj]bg!@cf}+ jflif{s k|ltj]bg
nfOkm OG:of]/]G; skf]{/]zg -g]kfn_ ln=cfly{s jif{ @)^(÷)&) sf] ;fjlws hLjg aLdfsf] cfo Joo lx;fa
cg';"rL ! b]lv ( ;Dd o;sf cleGg c+u x'g\ .
cfoaLdfz'Ns -v'b_k'gjL{df sldzg cfonufgL, shf{ tyf cGoaf6 cfoaLdfn]vsf] lwtf]df shf{af6 cfocGo k|ToIf cfocfly{s jif{sf] z'?sf] e'QmfgL x'g af“sL bfjL jfkt Joj:yfcfly{s jif{sf] z'?sf] c;dfKt hf]lvd jfkt Joj:yfhDdf cfo -s_JoobfjL e'QmfgL -v'b_clestf{ sldzg:jf:Yo k/LIf0f z'Nsk'gaL{df sldzg vr{;]jf z'Ns -v'b_cGo k|ToIf vr{Joj:yfkg vr{cfos/cfly{s jif{sf] cGTodf e'QmfgL x'g af“sL bfjL jfkt Joj:yfcfly{s jif{sf] cGTodf c;dfKt hf]lvd jfkt Joj:yfhDdf Joo -v_hLjg aLdf sf]ifdf ;f/]sf] artgfkmf gf]S;fg lx;fadf ;f/]sf] art÷-gf]S;fg_
ljj/0fqm=;+= cg';"rL o; jif{ ut jif{
984,525,131
532,870
398,951,977
62,674,612
11,144,727
46,000
- .
1,457,875,3171,457,875,3171,457,875,3171,457,875,3171,457,875,317
158,005,496
114,110,148
3,485,561
- .
9,845,251
- .
57,976,717
49,269,444
642,563
- .
393,335,180393,335,180393,335,180393,335,180393,335,180
1,064,540,1371,064,540,1371,064,540,1371,064,540,1371,064,540,137
- .
786,392,260
306,100
317,886,167
44,912,005
8,986,027
350,151
- .
1,158,832,7101,158,832,7101,158,832,7101,158,832,7101,158,832,710
104,217,230
84,457,684
2,412,020
- .
7,863,923
- .
71,238,317
23,374,640
46,000
- .
293,609,814293,609,814293,609,814293,609,814293,609,814
865,222,896865,222,896865,222,896865,222,896865,222,896
- .
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
1
2
3
4
5
6
7
8
9
ljlkg s'df/ nfna= ljQ clws[t
le=s]= s's\/]hf;+rfns
/fh]z s'df/ rf}w/L;xfos dxfk|jGws
czf]s cu|jfn;+rfns
lk=cf/= ld>k|d'v sfo{sf/L clws[t÷;+rfns
P;=aL= dfogfs;+rfns
/fh]Gb| cof{n;+rfns
P;=s]= /f‘ocWoIf
;+nUg k|lta]bgsf] cfwf/df
l;P= P;=l;= nfnlk|lG;knP;=l;= nfn P08 P;f]l;P6rf6{8{ Psfp06]06;\
28
CIL 12th ANNUAL REPORT12th ANNUAL REPORTLife Insurance Corporation (Nepal) Ltd.
Revenue Account of Endowment Policy for the F. Y. 2069/070
Income
Net Premium
Re-Insurance Commission Income
Investment, Loan and Other Income
Income from Policy Loan
Other Direct Income
Provision for outstanding claims at the beginning of the year
Provision for unexpired risk at the beginning of the year
Total Income (A)
Expenditure
Claim Payment (Net)
Agent Commisions
Medical Fees
Re-Insurance Commission Expenses
Service Charges (Net)
Other Direct Expenses
Management Expenses
Income Tax
Provision for Outstanding claim to be paid at the end of the year
Provision for unexpired Risk to be paid at the end of the year
Total Expenditure (B)
Surplus Transferred to Life Fund (A-B)
Surplus/Loss Transferred to Profit & Loss Account
984,525,131
532,870
398,951,977
62,674,612
11,144,727
46,000
- .
1,457,875,317
158,005,496
114,110,148
3,485,561
- .
9,845,251
- .
57,976,717
49,269,444
642,563
- .
393,335,180
1,064,540,137
- .
786,392,260
306,100
317,886,167
44,912,005
8,986,027
350,151
- .
1,158,832,710
104,217,230
84,457,684
2,412,020
- .
7,863,923
- .
71,238,317
23,374,640
46,000
- .
293,609,814
865,222,896
- .
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
1
2
3
4
5
6
7
8
9
Schedule 1 to 9 are integral part of this Revenue Account.
S.N. Particulars Schedule Current Year Previous Year
As per our report of even date
CA. S.C. LalPrincipal
For S.C. Lal & Associates
Chartered Accountants
Bipin Kumar LalSr. Finance Officer
V.K. KukrejaDirector
Rajesh Kumar ChoudharyAsst. General Manager
Ashok AgrawalDirector
P.R. MishraCEO/Director
S.B. MainakDirector
Rajendra AryalDirector
S.K. RoyChairman
29
CIL!@cf}+ jflif{s k|ltj]bg!@cf}+ jflif{s k|ltj]bgnfOkm OG:of]/]G; skf]{/]zg -g]kfn_ ln=
cfly{s jif{ @)^(÷)&) sf] clu|d e'QmfgL ;fjlws hLjg aLdfsf] cfo Joo lx;fa
cfoaLdfz'Ns -v'b_k'gaL{df sldzg cfonufgL, shf{ tyf cGoaf6 cfoaLdfn]vsf] lwtf]df shf{af6 cfocGo k|ToIf cfocfly{s jif{sf] z'?sf] e'QmfgL x'g af“sL bfjL jfkt Joj:yfcfly{s jif{sf] z'?sf] c;dfKt hf]lvd jfkt Joj:yfhDdf cfo -s_JoobfjL e'QmfgL -v'b_clestf{ sldzg:jf:Yo k/LIf0f z'Nsk'gaL{df sldzg vr{;]jf z'Ns -v'b_cGo k|ToIf vr{Joj:yfkg vr{cfos/cfly{s jif{sf] cGTodf e'QmfgL x'g af“sL bfjL jfkt Joj:yfcfly{s jif{sf] cGTodf c;dfKt hf]lvd jfkt Joj:yfhDdf Joo -v_hLjg aLdf sf]ifdf ;f/]sf] artgfkmf gf]S;fg lx;fadf ;f/]sf] art÷-gf]S;fg_
ljj/0fqm=;+= cg';"rL o; jif{ ut jif{
543,978,823
36,238
181,304,515
14,364,252
8,809,250
3,611,656
- .
752,104,734752,104,734752,104,734752,104,734752,104,734
112,381,542
48,953,922
461,470
- .
5,439,788
- .
32,980,028
21,432,244
3,191,747
- .
224,840,741224,840,741224,840,741224,840,741224,840,741
527,263,993527,263,993527,263,993527,263,993527,263,993
- .
508,086,457
43,631
146,474,348
7,900,526
6,784,388
2,527,092
- .
671,816,442671,816,442671,816,442671,816,442671,816,442
92,102,782
54,956,756
935,459
- .
5,080,865
- .
45,942,694
9,527,313
3,611,656
- .
212,157,525212,157,525212,157,525212,157,525212,157,525
459,658,917459,658,917459,658,917459,658,917459,658,917
- .
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
1
2
3
4
5
6
7
8
9
cg';"rL ! b]lv ( ;Dd o;sf cleGg c+u x'g\ .
ljlkg s'df/ nfna= ljQ clws[t
le=s]= s's\/]hf;+rfns
/fh]z s'df/ rf}w/L;xfos dxfk|jGws
czf]s cu|jfn;+rfns
lk=cf/= ld>k|d'v sfo{sf/L clws[t÷;+rfns
P;=aL= dfogfs;+rfns
/fh]Gb| cof{n;+rfns
P;=s]= /f‘ocWoIf
;+nUg k|lta]bgsf] cfwf/df
l;P= P;=l;= nfnlk|lG;knP;=l;= nfn P08 P;f]l;P6rf6{8{ Psfp06]06;\
30
CIL 12th ANNUAL REPORT12th ANNUAL REPORTLife Insurance Corporation (Nepal) Ltd.
Revenue Account of Anticipated Endowment Policy for the F. Y. 2069/070
Income
Net Premium
Re-Insurance Commission Income
Investment, Loan and Other Income
Income From Policy Loan
Other Direct Income
Provision for outstanding claims at the beginning of the year
Provision for unexpired risk at the beginning of the year
Total Income (A)
Expenditure
Claim Payment (Net)
Agent Commisions
Medical Fees
Re-Insurance Commission Expenses
Service Charges (Net)
Other Direct Expenses
Management Expenses
Income Tax
Provision for Outstanding claim to be paid at the end of the year
Provision for unexpired Risk to be paid at the end of the year
Total Expenditure (B)
Surplus Transferred to Life Fund (A-B)
Surplus/Loss Transferred to Profit & Loss Account
S.N. Particulars Schedule Current Year Previous Year
508,086,457
43,631
146,474,348
7,900,526
6,784,388
2,527,092
- .
671,816,442
92,102,782
54,956,756
935,459
- .
5,080,865
- .
45,942,694
9,527,313
3,611,656
- .
212,157,525
459,658,917
- .
543,978,823
36,238
181,304,515
14,364,252
8,809,250
3,611,656
- .
752,104,734
112,381,542
48,953,922
461,470
- .
5,439,788
- .
32,980,028
21,432,244
3,191,747
- .
224,840,741
527,263,993
- .
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
1
2
3
4
5
6
7
8
9
Schedule 1 to 9 are integral part of this Revenue Account.
As per our report of even date
CA. S.C. LalPrincipal
For S.C. Lal & Associates
Chartered Accountants
Bipin Kumar LalSr. Finance Officer
V.K. KukrejaDirector
Rajesh Kumar ChoudharyAsst. General Manager
Ashok AgrawalDirector
P.R. MishraCEO/Director
S.B. MainakDirector
Rajendra AryalDirector
S.K. RoyChairman
31
CIL!@cf}+ jflif{s k|ltj]bg!@cf}+ jflif{s k|ltj]bg
nfOkm OG:of]/]G; skf]{/]zg -g]kfn_ ln=cfly{s jif{ @)^(÷)&) sf] ?kfGtl/t ;fjlws hLjg aLdfsf] cfo Joo lx;fa
cfoaLdfz'Ns -v'b_k'gaL{df sldzg cfonufgL, shf{ tyf cGoaf6 cfoaLdfn]vsf] lwtf]df shf{af6 cfocGo k|ToIf cfocfly{s jif{sf] z'?sf] e'QmfgL x'g af“sL bfjL jfkt Joj:yfcfly{s jif{sf] z'?sf] c;dfKt hf]lvd jfkt Joj:yfhDdf cfo -s_JoobfjL e'QmfgL -v'b_clestf{ sldzg:jf:Yo k/LIf0f z'Nsk'gaL{df sldzg vr{;]jf z'Ns -v'b_cGo k|ToIf vr{Joj:yfkg vr{cfos/cfly{s jif{sf] cGTodf e'QmfgL x'g af“sL bfjL jfkt Joj:yfcfly{s jif{sf] cGTodf c;dfKt hf]lvd jfkt Joj:yfhDdf Joo -v_hLjg aLdf sf]ifdf ;f/]sf] artgfkmf gf]S;fg lx;fadf ;f/]sf] art÷-gf]S;fg_
ljj/0fqm=;+= cg';"rL o; jif{ ut jif{
1,470,873,186
3,164,179
304,448,201
31,244,583
16,149,749
851,000
- .
1,826,730,8981,826,730,8981,826,730,8981,826,730,8981,826,730,898
53,336,576
205,781,976
5,299,860
- .
14,708,732
- .
84,768,808
31,742,718
1,620,674
- .
397,259,344397,259,344397,259,344397,259,344397,259,344
1,429,471,5541,429,471,5541,429,471,5541,429,471,5541,429,471,554
- .
1,167,504,747
1,869,554
214,450,987
13,301,493
10,492,758
230,000
- .
1,407,849,5391,407,849,5391,407,849,5391,407,849,5391,407,849,539
35,187,370
177,198,995
5,228,248
- .
11,675,047
- .
100,740,029
10,776,306
851,000
- .
341,656,995341,656,995341,656,995341,656,995341,656,995
1,066,192,5441,066,192,5441,066,192,5441,066,192,5441,066,192,544
- .
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
1
2
3
4
5
6
7
8
9
cg';"rL ! b]lv ( ;Dd o;sf cleGg c+u x'g\ .
ljlkg s'df/ nfna= ljQ clws[t
le=s]= s's\/]hf;+rfns
/fh]z s'df/ rf}w/L;xfos dxfk|jGws
czf]s cu|jfn;+rfns
lk=cf/= ld>k|d'v sfo{sf/L clws[t÷;+rfns
P;=aL= dfogfs;+rfns
/fh]Gb| cof{n;+rfns
P;=s]= /f‘ocWoIf
;+nUg k|lta]bgsf] cfwf/df
l;P= P;=l;= nfnlk|lG;knP;=l;= nfn P08 P;f]l;P6rf6{8{ Psfp06]06;\
32
CIL 12th ANNUAL REPORT12th ANNUAL REPORTLife Insurance Corporation (Nepal) Ltd.
Revenue Account of Modified Endowment Policy for the F. Y. 2069/070
Income
Net Premium
Re-Insurance Commission Income
Investment, Loan and Other Income
Income From Policy Loan
Other Direct Income
Provision for outstanding claims at the beginning of the year
Provision for unexpired risk at the beginning of the year
Total Income (A)
Expenditure
Claim Payment (Net)
Agent Commisions
Medical Fees
Re-Insurance Commission Expenses
Service Charges (Net)
Other Direct Expenses
Management Expenses
Income Tax
Provision for Outstanding claim to be paid at the end of the year
Provision for unexpired Risk to be paid at the end of the year
Total Expenditure (B)
Surplus Transferred to Life Fund (A-B)
Surplus/Loss Transferred to Profit & Loss Account
S.N. Particulars Schedule Current Year Previous Year
1,470,873,186
3,164,179
304,448,201
31,244,583
16,149,749
851,000
- .
1,826,730,898
53,336,576
205,781,976
5,299,860
- .
14,708,732
- .
84,768,808
31,742,718
1,620,674
- .
397,259,344
1,429,471,554
- .
1,167,504,747
1,869,554
214,450,987
13,301,493
10,492,757
230,000
- .
1,407,849,539
35,187,370
177,198,995
5,228,248
- .
11,675,047
- .
100,740,029
10,776,306
851,000
- .
341,656,995
1,066,192,544
- .
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
1
2
3
4
5
6
7
8
9
Schedule 1 to 9 are integral part of this Revenue Account.
As per our report of even date
CA. S.C. LalPrincipal
For S.C. Lal & Associates
Chartered Accountants
Bipin Kumar LalSr. Finance Officer
V.K. KukrejaDirector
Rajesh Kumar ChoudharyAsst. General Manager
Ashok AgrawalDirector
P.R. MishraCEO/Director
S.B. MainakDirector
Rajendra AryalDirector
S.K. RoyChairman
33
CIL!@cf}+ jflif{s k|ltj]bg!@cf}+ jflif{s k|ltj]bgnfOkm OG:of]/]G; skf]{/]zg -g]kfn_ ln=
cfly{s jif{ @)^(÷)&( sf] cfhLjg hLjg aLdfsf] cfo Joo lx;fa
cfoaLdfz'Ns -v'b_k'gaL{df sldzg cfonufgL, shf{ tyf cGoaf6 cfoaLdfn]vsf] lwtf]df shf{af6 cfocGo k|ToIf cfocfly{s jif{sf] z'?sf] e'QmfgL x'g af“sL bfjL jfkt Joj:yfcfly{s jif{sf] z'?sf] c;dfKt hf]lvd jfkt Joj:yfhDdf cfo -s_JoobfjL e'QmfgL -v'b_clestf{ sldzg:jf:Yo k/LIf0f z'Nsk'gaL{df sldzg vr{;]jf z'Ns -v'b_cGo k|ToIf vr{Joj:yfkg vr{cfos/cfly{s jif{sf] cGTodf e'QmfgL x'g af“sL bfjL jfkt Joj:yfcfly{s jif{sf] cGTodf c;dfKt hf]lvd jfkt Joj:yfhDdf Joo -v_hLjg aLdf sf]ifdf ;f/]sf] artgfkmf gf]S;fg lx;fadf ;f/]sf] art÷-gf]S;fg_
ljj/0fqm=;+= cg';"rL o; jif{ ut jif{
125,088,782
503,973
15,613,809
1,348,647
758,035
- .
- .
143,313,246143,313,246143,313,246143,313,246143,313,246
3,112,572
24,480,091
1,877,550
- .
1,250,888
- .
6,665,666
1,292,968
- .
- .
38,679,73538,679,73538,679,73538,679,73538,679,735
104,633,511104,633,511104,633,511104,633,511104,633,511
- .
46,707,189
94,085
7,830,448
460,470
456,227
- .
- .
55,548,41955,548,41955,548,41955,548,41955,548,419
536,574
6,843,514
411,118
- .
467,072
- .
4,045,643
358,683
- .
- .
12,662,60412,662,60412,662,60412,662,60412,662,604
42,885,81542,885,81542,885,81542,885,81542,885,815
- .
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
1
2
3
4
5
6
7
8
9
cg';"rL ! b]lv ( ;Dd o;sf cleGg c+u x'g\ .
ljlkg s'df/ nfna= ljQ clws[t
le=s]= s's\/]hf;+rfns
/fh]z s'df/ rf}w/L;xfos dxfk|jGws
czf]s cu|jfn;+rfns
lk=cf/= ld>k|d'v sfo{sf/L clws[t÷;+rfns
P;=aL= dfogfs;+rfns
/fh]Gb| cof{n;+rfns
P;=s]= /f‘ocWoIf
;+nUg k|lta]bgsf] cfwf/df
l;P= P;=l;= nfnlk|lG;knP;=l;= nfn P08 P;f]l;P6rf6{8{ Psfp06]06;\
34
CIL 12th ANNUAL REPORT12th ANNUAL REPORTLife Insurance Corporation (Nepal) Ltd.
Revenue Account of Whole Life Policy for the F. Y. 2069/070
Income
Net Premium
Re-Insurance Commission Income
Investment, Loan and Other Income
Income From Policy Loan
Other Direct Income
Provision for outstanding claims at the beginning of the year
Provision for unexpired risk at the beginning of the year
Total Income (A)
Expenditure
Claim Payment (Net)
Agent Commisions
Medical Fees
Re-Insurance Commission Expenses
Service Charges (Net)
Other Direct Expenses
Management Expenses
Income Tax
Provision for Outstanding claim to be paid at the end of the year
Provision for unexpired Risk to be paid at the end of the year
Total Expenditure (B)
Surplus Transferred to Life Fund (A-B)
Surplus/Loss Transferred to Profit & Loss Account
S.N. Particulars Schedule Current Year Previous Year
125,088,782
503,973
15,613,809
1,348,647
758,035
- .
- .
143,313,246
3,112,572
24,480,091
1,877,550
- .
1,250,888
- .
6,665,666
1,292,968
- .
- .
38,679,735
104,633,511
- .
46,707,189
94,085
7,830,448
460,470
456,227
- .
- .
55,548,419
536,574
6,843,514
411,117
- .
467,072
- .
4,045,643
358,683
- .
- .
12,662,604
42,885,815
- .
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
1
2
3
4
5
6
7
8
9
Schedule 1 to 9 are integral part of this Revenue Account.
As per our report of even date
CA. S.C. LalPrincipal
For S.C. Lal & Associates
Chartered Accountants
Bipin Kumar LalSr. Finance Officer
V.K. KukrejaDirector
Rajesh Kumar ChoudharyAsst. General Manager
Ashok AgrawalDirector
P.R. MishraCEO/Director
S.B. MainakDirector
Rajendra AryalDirector
S.K. RoyChairman
35
CIL!@cf}+ jflif{s k|ltj]bg!@cf}+ jflif{s k|ltj]bg
nfOkm OG:of]/]G; skf]{/]zg -g]kfn_ ln=cfly{s jif{ @)^(÷)&) sf] DofbL hLjg aLdfsf] cfo Joo lx;fa
cg';"rL ! b]lv ( ;Dd o;sf cleGg c+u x'g\ .
cfoaLdfz'Ns -v'b_k'gjL{df sldzg cfonufgL, shf{ tyf cGoaf6 cfoaLdfn]vsf] lwtf]df shf{af6 cfocGo k|ToIf cfocfly{s jif{sf] z'?sf] e'QmfgL x'g af“sL bfjL jfkt Joj:yfcfly{s jif{sf] z'?sf] c;dfKt hf]lvd jfkt Joj:yfhDdf cfo -s_JoobfjL e'QmfgL -v'b_clestf{ sldzg:jf:Yo k/LIf0f z'Nsk'gaL{df sldzg vr{;]jf z'Ns -v'b_cGo k|ToIf vr{Joj:yfkg vr{cfos/cfly{s jif{sf] cGTodf e'QmfgL x'g af“sL bfjL jfkt Joj:yfcfly{s jif{sf] cGTodf c;dfKt hf]lvd jfkt Joj:yfhDdf Joo -v_hLjg aLdf sf]ifdf ;f/]sf] artgfkmf gf]S;fg lx;fadf ;f/]sf] art÷-gf]S;fg_
ljj/0fqm=;+= cg';"rL o; jif{ ut jif{
10,426,949
45,844
1,610,017
- .
29,803
- .
- .
12,112,61312,112,61312,112,61312,112,61312,112,613
250,000
1,528,780
245,621
- .
104,269
- .
592,191
147,071
- .
- .
2,867,9322,867,9322,867,9322,867,9322,867,932
9,244,681 9,244,681 9,244,681 9,244,681 9,244,681
- .
7,516,438
31,167
885,077
- .
19,635
- .
- .
8,452,3178,452,3178,452,3178,452,3178,452,317
1,092,857
1,282,398
226,520
- .
75,164
- .
636,812
23,528
- .
- .
3,337,2793,337,2793,337,2793,337,2793,337,279
5,115,0385,115,0385,115,0385,115,0385,115,038
- .
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
1
2
3
4
5
6
7
8
9
ljlkg s'df/ nfna= ljQ clws[t
le=s]= s's\/]hf;+rfns
/fh]z s'df/ rf}w/L;xfos dxfk|jGws
czf]s cu|jfn;+rfns
lk=cf/= ld>k|d'v sfo{sf/L clws[t÷;+rfns
P;=aL= dfogfs;+rfns
/fh]Gb| cof{n;+rfns
P;=s]= /f‘ocWoIf
;+nUg k|lta]bgsf] cfwf/df
l;P= P;=l;= nfnlk|lG;knP;=l;= nfn P08 P;f]l;P6rf6{8{ Psfp06]06;\
36
CIL 12th ANNUAL REPORT12th ANNUAL REPORTLife Insurance Corporation (Nepal) Ltd.
Revenue Account of Term Policy for the F.Y. 2069/070 (2012/13)
Income
Net Premium
Re-Insurance Commission Income
Investment, Loan and Other Income
Income From Policy Loan
Other Direct Income
Provision for outstanding claims at the beginning of the year
Provision for unexpired risk at the beginning of the year
Total Income (A)
Expenditure
Claim Payment (Net)
Agent Commisions
Medical Fees
Re-Insurance Commission Expenses
Service Charges (Net)
Other Direct Expenses
Management Expenses
Income Tax
Provision for Outstanding claim to be paid at the end of the year
Provision for unexpired Risk to be paid at the end of the year
Total Expenditure (B)
Surplus Transferred to Life Fund (A-B)
Surplus/Loss Transferred to Profit & Loss Account
10,426,949
45,844
1,610,017
- .
29,803
- .
- .
12,112,613
250,000
1,528,780
245,621
- .
104,269
- .
592,191
147,071
- .
- .
2,867,932
9,244,681
- .
7,516,438
31,167
885,077
- .
19,635
- .
- .
8,452,317
1,092,857
1,282,398
226,520
- .
75,164
- .
636,812
23,528
- .
- .
3,337,279
5,115,038
- .
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
1
2
3
4
5
6
7
8
9
Schedule 1 to 9 are integral part of this Revenue Account.
S.N. Particulars Schedule Current Year Previous Year
As per our report of even date
CA. S.C. LalPrincipal
For S.C. Lal & Associates
Chartered Accountants
Bipin Kumar LalSr. Finance Officer
V.K. KukrejaDirector
Rajesh Kumar ChoudharyAsst. General Manager
Ashok AgrawalDirector
P.R. MishraCEO/Director
S.B. MainakDirector
Rajendra AryalDirector
S.K. RoyChairman
37
CIL!@cf}+ jflif{s k|ltj]bg!@cf}+ jflif{s k|ltj]bg
nfOkm OG:of]/]G; skf]{/]zg -g]kfn_ ln=cfly{s jif{ @)^(÷)&) sf] ljif]z DofbL hLjg aLdfsf] cfo Joo lx;fa
cfoaLdfz'Ns -v'b_k'gaL{df sldzg cfonufgL, shf{ tyf cGoaf6 cfoaLdfn]vsf] lwtf]df shf{af6 cfocGo k|ToIf cfocfly{s jif{sf] z'?sf] e'QmfgL x'g af“sL bfjL jfkt Joj:yfcfly{s jif{sf] z'?sf] c;dfKt hf]lvd jfkt Joj:yfhDdf cfo -s_JoobfjL e'QmfgL -v'b_clestf{ sldzg:jf:Yo k/LIf0f z'Nsk'gaL{df sldzg vr{;]jf z'Ns -v'b_cGo k|ToIf vr{Joj:yfkg vr{cfos/cfly{s jif{sf] cGTodf e'QmfgL x'g af“sL bfjL jfkt Joj:yfcfly{s jif{sf] cGTodf c;dfKt hf]lvd jfkt Joj:yfhDdf Joo -v_hLjg aLdf sf]ifdf ;f/]sf] artgfkmf gf]S;fg lx;fadf ;f/]sf] art÷-gf]S;fg_
ljj/0fqm=;+= cg';"rL o; jif{ ut jif{
2,009,217
4,398
820,633
- .
30,052
- .
- .
2 ,864,3002,864,3002,864,3002,864,3002,864,300
- .
219,290
8,031
- .
20,092
- .
123,320
100,759
- .
- .
471,492471,492471,492471,492471,492
2,392,8082,392,8082,392,8082,392,8082,392,808
- .
1,942,866
2,640
489,356
- .
25,048
- .
- .
2,459,9102,459,9102,459,9102,459,9102,459,910
- .
269,909
14,820
- .
19,429
- .
175,232
29,769
- .
- .
509,159509,159509,159509,159509,159
1,950,7511,950,7511,950,7511,950,7511,950,751
- .
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
1
2
3
4
5
6
7
8
9
cg';"rL ! b]lv ( ;Dd o;sf cleGg c+u x'g\ .
ljlkg s'df/ nfna= ljQ clws[t
le=s]= s's\/]hf;+rfns
/fh]z s'df/ rf}w/L;xfos dxfk|jGws
czf]s cu|jfn;+rfns
lk=cf/= ld>k|d'v sfo{sf/L clws[t÷;+rfns
P;=aL= dfogfs;+rfns
/fh]Gb| cof{n;+rfns
P;=s]= /f‘ocWoIf
;+nUg k|lta]bgsf] cfwf/df
l;P= P;=l;= nfnlk|lG;knP;=l;= nfn P08 P;f]l;P6rf6{8{ Psfp06]06;\
38
CIL 12th ANNUAL REPORT12th ANNUAL REPORTLife Insurance Corporation (Nepal) Ltd.
Revenue Account of Special Term Policy for the F. Y. 2069/070
Income
Net Premium
Re-Insurance Commission Income
Investment, Loan and Other Income
Income From Policy Loan
Other Direct Income
Provision for outstanding claims at the beginning of the year
Provision for unexpired risk at the beginning of the year
Total Income (A)
Expenditure
Claim Payment (Net)
Agent Commisions
Medical Fees
Re-Insurance Commission Expenses
Service Charges (Net)
Other Direct Expenses
Management Expenses
Income Tax
Provision for Outstanding claim to be paid at the end of the year
Provision for unexpired Risk to be paid at the end of the year
Total Expenditure (B)
Surplus Transferred to Life Fund (A-B)
Surplus/Loss Transferred to Profit & Loss Account
S.N. Particulars Schedule Current Year Previous Year
2,009,217
4,398
820,633
- .
30,052
- .
- .
2,864,300
- .
219,290
8,031
- .
20,092
- .
123,320
100,759
- .
- .
471,492
2,392,808
- .
1,942,866
2,640
489,356
- .
25,047
- .
- .
2,459,910
- .
269,909
14,820
- .
19,429
- .
175,232
29,769
- .
- .
509,159
1,950,751
- .
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
1
2
3
4
5
6
7
8
9
Schedule 1 to 9 are integral part of this Revenue Account.
As per our report of even date
CA. S.C. LalPrincipal
For S.C. Lal & Associates
Chartered Accountants
Bipin Kumar LalSr. Finance Officer
V.K. KukrejaDirector
Rajesh Kumar ChoudharyAsst. General Manager
Ashok AgrawalDirector
P.R. MishraCEO/Director
S.B. MainakDirector
Rajendra AryalDirector
S.K. RoyChairman
39
CIL!@cf}+ jflif{s k|ltj]bg!@cf}+ jflif{s k|ltj]bg
nfOkm OG:of]/]G; skf]{/]zg -g]kfn_ ln=cfly{s jif{ @)^(÷)&) sf] cGo hLjg aLdf -Psn aLdfz'Ns_ sf] cfo Joo lx;fa
cfoaLdfz'Ns -v'b_k'gaL{df sldzg cfonufgL, shf{ tyf cGoaf6 cfoaLdfn]vsf] lwtf]df shf{af6 cfocGo k|ToIf cfocfly{s jif{sf] z'?sf] e'QmfgL x'g af“sL bfjL jfkt Joj:yfcfly{s jif{sf] z'?sf] c;dfKt hf]lvd jfkt Joj:yfhDdf cfo -s_JoobfjL e'QmfgL -v'b_clestf{ sldzg:jf:Yo k/LIf0f z'Nsk'gaL{df sldzg vr{;]jf z'Ns -v'b_cGo k|ToIf vr{Joj:yfkg vr{cfos/cfly{s jif{sf] cGTodf e'QmfgL x'g af“sL bfjL jfkt Joj:yfcfly{s jif{sf] cGTodf c;dfKt hf]lvd jfkt Joj:yfhDdf Joo -v_hLjg aLdf sf]ifdf ;f/]sf] artgfkmf gf]S;fg lx;fadf ;f/]sf] art÷-gf]S;fg_
ljj/0fqm=;+= cg';"rL o; jif{ ut jif{
13,641,677
- .
2,604,770
145,206
91,687
- .
- .
16,483,34016,483,34016,483,34016,483,34016,483,340
773,806
268,593
11,749
- .
136,417
- .
890,157
247,754
- .
- .
2,328,4762,328,4762,328,4762,328,4762,328,476
14,154,86414,154,86414,154,86414,154,86414,154,864
- .
7,447,310
- .
1,532,824
61,631
2,673
- .
- .
9,044,4379,044,4379,044,4379,044,4379,044,437
- .
149,003
9,700
- .
74,473
- .
739,711
75,163
- .
- .
1,048,0501,048,0501,048,0501,048,0501,048,050
7,996,3887,996,3887,996,3887,996,3887,996,388
- .
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
1
2
3
4
5
6
7
8
9
cg';"rL ! b]lv ( ;Dd o;sf cleGg c+u x'g\ .
ljlkg s'df/ nfna= ljQ clws[t
le=s]= s's\/]hf;+rfns
/fh]z s'df/ rf}w/L;xfos dxfk|jGws
czf]s cu|jfn;+rfns
lk=cf/= ld>k|d'v sfo{sf/L clws[t÷;+rfns
P;=aL= dfogfs;+rfns
/fh]Gb| cof{n;+rfns
P;=s]= /f‘ocWoIf
;+nUg k|lta]bgsf] cfwf/df
l;P= P;=l;= nfnlk|lG;knP;=l;= nfn P08 P;f]l;P6rf6{8{ Psfp06]06;\
40
CIL 12th ANNUAL REPORT12th ANNUAL REPORTLife Insurance Corporation (Nepal) Ltd.
Revenue Account of Other Policy (Single Premium) for the F. Y. 2069/070
Income
Net Premium
Re-Insurance Commission Income
Investment, Loan and Other Income
Income From Policy Loan
Other Direct Income
Provision for outstanding claims at the beginning of the year
Provision for unexpired risk at the beginning of the year
Total Income (A)
Expenditure
Claim Payment (Net)
Agent Commisions
Medical Fees
Re-Insurance Commission Expenses
Service Charges (Net)
Other Direct Expenses
Management Expenses
Income Tax
Provision for Outstanding claim to be paid at the end of the year
Provision for unexpired Risk to be paid at the end of the year
Total Expenditure (B)
Surplus Transferred to Life Fund (A-B)
Surplus/Loss Transferred to Profit & Loss Account
S.N. Particulars Schedule Current Year Previous Year
13,641,677
- .
2,604,770
145,206
91,687
- .
- .
16,483,340
773,806
268,593
11,749
- .
136,417
- .
890,157
247,754
- .
- .
2,328,476
14,154,864
- .
7,447,310
- .
1,532,824
61,631
2,673
- .
- .
9,044,437
- .
149,003
9,700
- .
74,473
- .
739,711
75,163
- .
- .
1,048,050
7,996,388
- .
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
1
2
3
4
5
6
7
8
9
Schedule 1 to 9 are integral part of this Revenue Account.
As per our report of even date
CA. S.C. LalPrincipal
For S.C. Lal & Associates
Chartered Accountants
Bipin Kumar LalSr. Finance Officer
V.K. KukrejaDirector
Rajesh Kumar ChoudharyAsst. General Manager
Ashok AgrawalDirector
P.R. MishraCEO/Director
S.B. MainakDirector
Rajendra AryalDirector
S.K. RoyChairman
41
CIL!@cf}+ jflif{s k|ltj]bg!@cf}+ jflif{s k|ltj]bg
nfOkm OG:of]/]G; skf]{/]zg -g]kfn_ ln=@)^( >fj0f ! Uft]b]lv @)&) cfiff9 d;fGt;Ddsf] gub k|jfxsf] ljj/0f
ljj/0fqm=;+= o; jif{ ut jif{
3,168,604,126
- .- .
4,287,502
37,013,304
5,929,271
(20,776,218)
- .(426,565,560)
(10,799,790)
(57,501,418)
(60,884,358)
(83,368,088)
(132,632,380)
(1,432,084)
(25,195,866)
(1,313,108)
(161,770,048)
(16,689,865)
(127,365,117)
(7,414,374)
109,938,990
2,192,064,9182,192,064,9182,192,064,9182,192,064,9182,192,064,918
(11,139,379)
81,375,000
(2,127,500,000)
(309,183,826)
(122,091,780)
(122,930,000)
- .(465,614,663)
(76,511,676)
837,395,407
1,964,020
- .66,423,599
2,916,646
(2,244,896,652)(2 ,244,896,652)(2 ,244,896,652)(2 ,244,896,652)(2 ,244,896,652)
- .- .
174,095,664
(36,233,036)
(8,157,895)
129 ,704,733129 ,704,733129 ,704,733129 ,704,733129 ,704,733
76 ,872 ,99976 ,872 ,99976 ,872 ,99976 ,872 ,99976 ,872 ,999
211 ,914,888211 ,914,888211 ,914,888211 ,914,888211 ,914,888
288,787 ,886288,787 ,886288,787 ,886288,787 ,886288,787 ,886
2,537,646,938
- .- .
2,347,177
26,766,753
2,800,203
(9,926,565)
- .(273,904,482)
(7,316,615)
(42,986,443)
(44,365,159)
(73,100,697)
(72,608,362)
(1,474,943)
(18,756,221)
(50,000)
(224,851,595)
- .(106,783,213)
(49,555,329)
47,960,759
1 ,691 ,842,2071 ,691 ,842,2071 ,691 ,842,2071 ,691 ,842,2071 ,691 ,842,207
(195,429,164)
(334,817,000)
(1,035,000,000)
(56,953,220)
(3,708,370)
(389,765,230)
(5,407,596)
(315,564,501)
(50,254,419)
695,373,394
2,245,042
- .37,174,940
331,439
(1 , 651 ,774 ,685)( 1 , 651 ,774 ,685)( 1 , 651 ,774 ,685)( 1 , 651 ,774 ,685)( 1 , 651 ,774 ,685)
- .- .
56,080,395
(15,494,404)
- .40,585 ,99140,585 ,99140,585 ,99140,585 ,99140,585 ,991
80 ,653 ,51280 ,653 ,51280 ,653 ,51280 ,653 ,51280 ,653 ,512
131 , 261 , 375131 , 261 , 375131 , 261 , 375131 , 261 , 375131 , 261 , 375
211 ,914 ,888211 ,914 ,888211 ,914 ,888211 ,914 ,888211 ,914 ,888
sf/f]af/ ;+rfngaf6 gub k|jfx MaLdf z'Ns cfDbfgLljnDa z'Ns cfDbfgLk'gaL{df z'Ns cfDbfgLk'gaL{df sldzg cfDbfgLcGo k|ToIf cfDbfgLk'gaL{dsaf6 k|fKt bfjL l/se/Lk'gaL{df z'Ns e'QmfgLk'gaL{df sldzg e'QmfgLclestf{ sldzg e'QmfgL:jf:Yo k/LIf0f z'Ns e'QmfgLd[To' bfjL e'QmfgLcjlw ;dfKtL bfjL e'QmfgLcf+lzs cjlw ;dfKtL bfjL e'QmfgL;dk{0f d"No bfjL e'QmfgLcGo bfjL e'QmfgL;]jf z'Ns e'QmfgLcGo k|ToIf vr{Joj:yfkg vr{ e'QmfgLsd{rf/L af]g; e'QmfgLcfos/ e'QmfgLrfn' ;DklQdf -j[l4_÷sdLrfn' bfloTjdf j[l4÷-sdL_sf/f]af/ ;+rfngaf6 v"b gub k|jfx -s_nufgL ultljwLaf6 gub k|jfxl:y/ ;DklQdf -j[l4_ sdL;/sf/L / ;/sf/sf] hdfgt k|fKt ;]So"l/6Ldf nufgLdf -j[l4_÷sdLa}+s tyf ljlQo ;+:yfsf] d'2tL lgIf]kdf nufgLdf -j[l4_÷sdLa}+s tyf ljlQo ;+:yfsf] cGo lgIf]k nufgLdf -j[l4_÷sdLOSo"6L z]o/ nufgLdf -j[l4_÷sdLcu|flwsf/ z]o/÷l8j]Gr/df nufgLdf -j[l4_÷sdLcGo nufgLdf -j[l4_÷sdLaLdfn]vsf] lwtf]df shf{df -j[l4_ sdLk]ZsL tyf cGo shf{df -j[l4_ sdLe'QmfgL k|fKt Aofh cfDbfgL -nufgLdf_e'QmfgL k|fKt l8le8]G8ef8f cfDbfgLe'QmfgL k|fKt Aofh cfDbfgL -shf{df_cGo ck|ToIf cfDbfgL÷vr{nufgL ultljwLaf6 v"b gub k|jfx -v_ljlQo >f]t sf/f]af/af6 gub k|jfxz]o/af6 k|fKt /sdltg{ af“sL ;fk6Ldf -j[l4_÷sdLcNksflng C0fdf -j[l4_÷sdLC0f ;fk6Ldf Aofh e'QmfgLnfef+z e'QmfgLljlQo >f]t sf/f]af/af6 v"b gub k|jfx -u_o; jif{sf] ;Dk"0f{ ultljwLaf6 v"b gub k|jfx = -s_±-v_±-u_gub tyf a}+sdf /x]sf] z'? df}Hbftgub tyf a}+sdf /x]sf] clGtd df}Hbft
s_
v_
u_
ljlkg s'df/ nfna= ljQ clws[t
le=s]= s's\/]hf;+rfns
/fh]z s'df/ rf}w/L;xfos dxfk|jGws
czf]s cu|jfn;+rfns
lk=cf/= ld>k|d'v sfo{sf/L clws[t÷;+rfns
P;=aL= dfogfs;+rfns
/fh]Gb| cof{n;+rfns
P;=s]= /f‘ocWoIf
;+nUg k|lta]bgsf] cfwf/df
l;P= P;=l;= nfnlk|lG;knP;=l;= nfn P08 P;f]l;P6rf6{8{ Psfp06]06;\
42
CIL 12th ANNUAL REPORT12th ANNUAL REPORTLife Insurance Corporation (Nepal) Ltd.
Cash Flow Statement for the Period of 16th July 2012 to 15th July 2013
S.N. Particulars Current Year Previous Year
A Cash flow from operating activities:Premium IncomeLate fee IncomeRe-Insurance IncomeRe-Insurance Commission IncomeOther Direct IncomeClaimed recovery from Re-InsurerRe-Insurance Premium PaidRe-Insurance commission payment
Agent commission paymentMedical examination fee paymentDeath claim paymentMaturity claim paymentPartial-maturity claim paymentSurrender value claim paymentOther claim paymentService fee paymentOther Direct ExpensesManagement expenditure paymentBonus Paid to EmployeesIncome Tax Paid
(Increase)/decrese in current assets(Increase)/decrese in current liabilitiesNet Cash Flow from Operaing activities (A)
B Cash flow from Investing Activities:(Increase) Decrease in fixed assets(Increase) Decrease in investment in government guaranteed securities.(Increase) Decrease in investment in fixed deposit of bank and financial institution(Increase) Decrease in investment in other deposit of bank and financial institutionIncrease/Decrease in Equtity Share Investments(Increase) Decrease in investment in preference share/debenture(Increase) Decrease in other investment (Premium on Investment)(Increase) Decrease in loans against insurance policy
(Increase) Decrease in other loans and advancesInterest Income from InvestmentDividend ReceivedRental incomeInterest on Policy LoanOthers Indirect IncomeNet Cash Flow from Investing Activities (B)
C Cash flow from Financing ActivitiesAmount received from Shares(Increase) Decrease in o/s debtIncrease/Decrease in short term debtInterest Paid on Loan and Debt
Dividend paidNet cash flow from Financing Activities (C)Net cash flow from overall activities of this year = (A + B + C)Opening Balance of Cash & Bank BalanceClosing Balance of Cash & Bank Balance
3,168,604,126- .- .
4,287,50237,013,3045,929,271
(20,776,218)- .
(426,565,560)(10,799,790)(57,501,418)(60,884,358)(83,368,088)
(132,632,380)
(1,432,084)(25,195,866)(1,313,108)
(161,770,048)(16,689,865)
(127,365,117)(7,414,374)
109,938,9902,192,064,918
(11,139,379)81,375,000
(2,127,500,000)(309,183,826)(122,091,780)(122,930,000)
- .(465,614,663)
(76,511,676)837,395,407
1,964,020- .
66,423,5992,916,646
(2,244,896,652)
- .- .
174,095,664(36,233,036)(8,157,895)
129,704,73376,872,999
211,914,888288,787,886
2,537,646,938- .- .
2,347,17726,766,7532,800,203
(9,926,565)- .
(273,904,482)(7,316,615)
(42,986,443)(44,365,159)(73,100,697)(72,608,362)
(1,474,943)(18,756,221)
(50,000)(224,851,595)
- .(106,783,213)(49,555,329)
47,960,7591,691,842,207
(195,429,164)(334,817,000)
(1,035,000,000)(56,953,220)(3,708,370)
(389,765,230)(5,407,596)
(315,564,501)(50,254,419)695,373,394
2,245,042- .
37,174,940331,439
(1,651,774,685)
- .- .
56,080,395(15,494,404)
- .40,585,99180,653,512
131,261,375211,914,888
As per our report of even date
CA. S.C. LalPrincipal
For S.C. Lal & Associates
Chartered Accountants
Bipin Kumar LalSr. Finance Officer
V.K. KukrejaDirector
Rajesh Kumar ChoudharyAsst. General Manager
Ashok AgrawalDirector
P.R. MishraCEO/Director
S.B. MainakDirector
Rajendra AryalDirector
S.K. RoyChairman
43
CIL!@cf}+ jflif{s k|ltj]bg!@cf}+ jflif{s k|ltj]bg
ljlk
g s
'df/ n
fna=
ljQ
clws[t
le=s
]= s's
\/]hf
;+rfn
s
/fh]z
s'df
/ rf}w
/L;x
fos d
xfk|j
Gws
czf
]s c
u|jfn
;+rfn
s
lk=c
f/= ld
>k|d
'v s
fo{sf/L clws[t÷
;+rfn
s
P;=a
L= df
ogfs
;+rfn
s
/fh]Gb
| cof
{n;+r
fns
P;=s
]= /f ‘o
cWo
If
;+nUg
k|lta]b
gsf] cfwf/df
l;P=
P;=
l;= n
fnlk|lG;
knP;
=l;=
nfn
P08
P;f
]l;P6
rf6{8{ P
sfp
06]06
;\
nfO
km OG
:of]/
]G; s
kf]{/
]zg -g]kfn
_ ln
=c
f= j=
@)
^(÷)
&)
df O
So
"6Ld
f ePs
f] kl/
jt{g
;Da
GwL l
jj/0
f
ljj/
0fz]o/
k"“hL
;+lr
t
gfkmf÷
gf]S;
fg
k|:tfljt
af]g;
z]o/
k"“hLut
hu]8
f sf]if
z]o/
lk|ld
od
ljz]if
hu]8
f
sf]if
cGo
hu]8
f
tyf sf]if
dxflj
kQL
hu]8
fs"n /
sd
250,0
00,0
00
-
.
-
.
-
.
155,0
00,0
00
-
.
405,0
00,0
00
405,0
00,0
00
405,0
00,0
00
405,0
00,0
00
405,0
00,0
00
z'?
df}Hb
ft;d
fof]h
gjif{s
f] v'b
gf]S;
fghLjg
aLdf
sf]ifdf
;f/]sf]
k|:tfljt
nfe
f+;hf/L eP
sf] af
]g; z
]o/:y
ug s
/ hu]8
f
clGt
d df
}Hbft
155,0
00,0
00
-
.
-
.
151,875,0
00
(15
5,000,000)
-
.
151,8
75,0
0 1
51,8
75,0
0 1
51,8
75,0
0 1
51,8
75,0
0 1
51,8
75,0
0
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
3,5
76,1
78
277,3
46,2
16
(431,9
71)
(15
9,8
68,4
21)
-
.
(3
,619,6
96)
117,0
02,3
06
117,0
02,3
06
117,0
02,3
06
117,0
02,3
06
117,0
02,3
06
408,5
76,1
78
277,3
46,2
16
(4
31,9
71)
(7,9
93,4
21)
-
.
(3
,619,6
96)
673,8
77,3
06
673,8
77,3
06
673,8
77,3
06
673,8
77,3
06
673,8
77,3
06
-
.
-
.
-
.
-
.
-
.
-
.
-
.
nfO
km OG
:of]/
]G; s
kf]{/
]zg -g]kfn
_ ln
=c
f= j=
@)
^(÷)
&)
df O
So
"6Ld
f ePs
f] kl/
jt{g
;Da
GwL l
jj/0
f
ljj/
0fz]o/
k"“hL
;+lr
t
gfkmf÷
gf]S;
fg
k|:tfljt
af]g;
z]o/
k"“hLut
hu]8
f sf]if
z]o/
lk|ld
od
ljz]if
hu]8
f
sf]if
cGo
hu]8
f
tyf sf]if
dxflj
kQL
hu]8
fs"n /
sd
250,0
00,0
00
-
.
-
.
-
.
-
.
-
.
-
.
250
,00
0,0
00
250
,00
0,0
00
250
,00
0,0
00
250
,00
0,0
00
250
,00
0,0
00
z'?
df}Hb
ft;d
fof]h
gjif{s
f] v'b
gf]S;
fghLjg
aLdf
sf]ifdf
;f/]sf]
k|:tfljt
nfe
f+;hf/L eP
sf] af
]g; z
]o/:y
ug s
/ hu]8
f
clGt
d df
}Hbft
-
.
-
.
-
.
155,0
00,0
00
-
.
-
.
155,0
00,0
00
155,0
00,0
00
155,0
00,0
00
155,0
00,0
00
155,0
00,0
00
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
(5
,040,3
56)
171,7
74,4
28
-
.
(163,157,8
95)
-
.
-
.
3,5
76,1
78
3,5
76,1
78
3,5
76,1
78
3,5
76,1
78
3,5
76,1
78
244,9
59,6
44
171,7
74,4
28
-
.
(8
,157,8
95)
-
.
-
.
408
,576,1
78
408
,576,1
78
408
,576,1
78
408
,576,1
78
408
,576,1
78
-
.
-
.
-
.
-
.
-
.
-
.
-
.
44
CIL 12th ANNUAL REPORT12th ANNUAL REPORT
Lif
e I
nsura
nce C
orp
ora
tion (
Nepal)
Ltd
.
De
tails
of C
ha
ng
es
in E
qu
ity
fo
r th
e F
. Y
. 2069/0
70
To
tal
Am
ou
nt
25
0,0
00
,00
0
-
.
-
.
-
.
15
5,0
00
,00
0
-
.
40
5,0
00
,00
0
Op
en
ing
Ba
lan
ce
Ad
justm
en
t:
Ne
t p
rofit
Fo
r th
e Y
ea
r
Tra
nsfe
rre
d T
o L
ife
Fu
nd
Pro
po
se
d D
ivid
en
d
Issu
ed
Bo
nu
s S
ha
re
De
ferr
ed
Ta
x R
ese
rve
Clo
sin
g B
ala
nce
15
5,0
00
,00
0
-
.
-
.
15
1,8
75
,00
0
(155,0
00,0
00)
-
.
15
1,8
75
,00
0
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
3,5
76
,17
8
27
7,3
46
,21
6
(43
1,9
71
)
(159,8
68,4
21)
-
.
(3,6
19
,69
6)
11
7,0
02
,30
6
40
8,5
76
,17
8
27
7,3
46
,21
6
(43
1,9
71
)
(7,9
93
,42
1)
-
.
(3,6
19
,69
6)
67
3,8
77
,30
6
Pa
rtic
ula
rsS
ha
reC
ap
ital
Reta
inE
arn
ing
Pro
po
se
dB
on
us
Sh
are
Cap
ital
Re
se
rve
Sh
are
Pre
miu
m
-
.
-
.
-
.
-
.
-
.
-
.
-
.
Sp
ecia
lR
es
erv
e
-
.
-
.
-
.
-
.
-
.
-
.
-
.
Oth
er
Re
se
rve
Ca
tas
tro
ph
eR
es
erv
e
-
.
-
.
-
.
-
.
-
.
-
.
-
.
Lif
e I
nsura
nce C
orp
ora
tion (
Nepal)
Ltd
.
De
tails
of C
ha
ng
es
in E
qu
ity
fo
r th
e F
. Y
. 2069/0
70
To
tal
Am
ou
nt
25
0,0
00
,00
0
-
.
-
.
-
.
-
.
-
.
25
0,0
00
,00
0
Op
en
ing
Ba
lan
ce
Ad
justm
en
t:
Ne
t p
rofit
Fo
r th
e Y
ea
r
Tra
nsfe
rre
d T
o L
ife
Fu
nd
Pro
po
se
d D
ivid
en
d
Issu
ed
Bo
nu
s S
ha
re
De
ferr
ed
Ta
x R
ese
rve
Clo
sin
g B
ala
nce
-
.
-
.
-
.
15
5,0
00
,00
0
-
.
-
.
15
5,0
00
,00
0
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
(5,0
40
,35
6)
17
1,7
74
,42
8
-
.
(16
3,1
57
,89
5)
-
.
-
.
3,5
76
,17
8
24
4,9
59
,64
4
17
1,7
74
,42
8
-
.
(8,1
57
,89
5)
-
.
-
.
40
8,5
76
,17
8
Pa
rtic
ula
rsS
ha
reC
ap
ital
Reta
inE
arn
ing
Pro
po
se
dB
on
us
Sh
are
Cap
ital
Re
se
rve
Sh
are
Pre
miu
m
-
.
-
.
-
.
-
.
-
.
-
.
-
.
Sp
ecia
lR
es
erv
e
-
.
-
.
-
.
-
.
-
.
-
.
-
.
Oth
er
Re
se
rve
Ca
tas
tro
ph
eR
es
erv
e
-
.
-
.
-
.
-
.
-
.
-
.
-
.
As
per
our
repo
rt o
f ev
en d
ate
CA
. S
.C.
Lal
Pri
nci
pa
l
Fo
r S
.C.
La
l &
Ass
oci
ate
s
Cha
rter
ed A
ccou
ntan
ts
Bip
in K
um
ar
Lal
Sr.
Fin
ance
Off
icer
V.K
. K
ukre
jaD
ire
cto
r
Raje
sh K
um
ar
Ch
ou
dh
ary
Ass
t. G
en
era
l M
an
ag
er
Ash
ok
Ag
raw
al
Dir
ect
or
P.R
. M
ish
raC
EO
/Dir
ecto
r
S.B
. M
ain
ak
Dir
ect
or
Ra
jen
dra
Ary
al
Dir
ecto
r
S.K
. R
oy
Ch
air
ma
n
45
CIL!@cf}+ jflif{s k|ltj]bg!@cf}+ jflif{s k|ltj]bgc
g';
"rL –
!
o; j
if{ut
jif{
o; j
if{ut
jif{
o; j
if{ut
jif{
qm=;
+=aLdf
sf] ls
l;d
s"n a
Ldfz
'NsaLdf
z'Ns
-v"b_
k'gaL{df
z'Ns
e'Qmfg
L (C
ed
ed
)
;fjlws
clu|d
e'QmfgL ;
fjlws
?kfGt
l/t
;fjlws
cfhLjg
DofbL
ljz]if Do
fbL
cGo
hLjg
aLdf -Psn
aLdfz'Ns
_
hDdf
1 2 3 4 5 6 7
-s_ aLdf
z'Ns
-v'b_
o; j
if{ut
jif{
o; j
if{ut
jif{
o; j
if{ut
jif{
qm=;
+=aLdf
sf] ls
l;d
k|ToI
f aLdf
z'Ns
s"n a
Ldfz
'Nsk|fKt k
'gaL{d
f z'Ns
(A
cc
ep
ted
)
;fjlws
clu|d
e'QmfgL ;
fjlws
?kfGt
l/t
;fjlws
cfhLjg
DofbL
ljz]if Do
fbL
cGo
hLjg
aLdf -Psn
aLdfz'Ns
_
hDdf
1 2 3 4 5 6 7
-v_ s"n a
Ldfz
'Ns
o; j
if{ut
jif{
o; j
if{ut
jif{
o; j
if{ut
jif{
o; j
if{ut
jif{
qm=;
+=aLdf
sf] ls
l;d
k|yd
jif{s
f] aLdf
z'Ns
Psn a
Ldfz
'Nsgj
Ls/0
f aLd
fz'Ns
;fjlws
clu|d
e'QmfgL ;
fjlws
?kfGt
l/t
;fjlws
cfhLjg
DofbL
ljz]if Do
fbL
cGo
hLjg
aLdf -Psn
aLdfz'Ns
_
hDdf
1 2 3 4 5 6 7
-u_ k|ToI
f aLdf
z'Ns
hDd
f k|ToI
f aLdf
z'Ns
98
7,8
50,8
67
54
4,4
59,6
36
1,4
83,4
97,6
77
126,4
12,1
23
10,6
63,4
43
2,0
78
,407
13,6
41,9
73
3,1
68
,60
4,1
26
3,1
68
,60
4,1
26
3,1
68
,60
4,1
26
3,1
68
,60
4,1
26
3,1
68
,60
4,1
26
78
9,0
75,2
11
508
,755,4
27
1,1
75,4
35,0
22
47,1
33,0
72
7,7
86,0
60
2,0
12,0
13
7,4
50,1
33
2,5
37,6
46,9
38
2,5
37,6
46,9
38
2,5
37,6
46,9
38
2,5
37,6
46,9
38
2,5
37,6
46,9
38
3,3
25,7
36
4
80,8
13
1
2,6
24
,491
1,3
23,3
41
236,4
94
69,1
90
2
96
1
8,0
60,3
61
1
8,0
60,3
61
1
8,0
60,3
61
1
8,0
60,3
61
1
8,0
60,3
61
2,6
82,9
51
668
,970
7,9
30,2
75
425,8
83
269,6
22
69,1
47
2,8
23
12,0
49
,670
12,0
49
,670
12,0
49
,670
12,0
49
,670
12,0
49
,670
984
,525,1
31
54
3,9
78,8
23
1
,470,8
73,1
86
125,0
88,7
82
10,4
26,9
49
2,0
09,2
17
13,6
41,6
77
3
,150,5
43,7
65
3
,150,5
43,7
65
3
,150,5
43,7
65
3
,150,5
43,7
65
3
,150,5
43,7
65
78
6,3
92,2
60
508
,08
6,4
57
1,1
67,5
04
,74
7
46,7
07,1
89
7,5
16,4
38
1,9
42,8
66
7,4
47,3
10
2,5
25
,59
7,2
68
2,5
25
,59
7,2
68
2,5
25
,59
7,2
68
2,5
25
,59
7,2
68
2,5
25
,59
7,2
68
98
7,8
50,8
67
54
4,4
59,6
36
1,4
83,4
97,6
77
126,4
12,1
23
10,6
63,4
43
2,0
78
,407
13,6
41,9
73
3,1
68
,60
4,1
26
3,1
68
,60
4,1
26
3,1
68
,60
4,1
26
3,1
68
,60
4,1
26
3,1
68
,60
4,1
26
78
9,0
75,2
11
508
,755,4
27
1,1
75,4
35,0
22
47,1
33,0
72
7,7
86,0
60
2,0
12,0
13
7,4
50,1
33
2,5
37,6
46,9
38
2,5
37,6
46,9
38
2,5
37,6
46,9
38
2,5
37,6
46,9
38
2,5
37,6
46,9
38
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
987,8
50,8
67
54
4,4
59,6
36
1,4
83,4
97,6
77
126,4
12,1
23
10,6
63,4
43
2,0
78,4
07
13,6
41,9
73
3,1
68
,60
4,1
26
3,1
68
,60
4,1
26
3,1
68
,60
4,1
26
3,1
68
,60
4,1
26
3,1
68
,60
4,1
26
78
9,0
75,2
11
508
,755,4
27
1,1
75,4
35,0
22
47,1
33,0
72
7,7
86,0
60
2,0
12,0
13
7,4
50,1
33
2,5
37,6
46,9
38
2,5
37,6
46,9
38
2,5
37,6
46,9
38
2,5
37,6
46,9
38
2,5
37,6
46,9
38
276,0
32,2
88
61,606,913
471,485,6
91
87,8
60,6
35
7,9
90,5
18
326,334
-
.
90
5,3
02,3
79
90
5,3
02,3
79
90
5,3
02,3
79
90
5,3
02,3
79
90
5,3
02,3
79
204,5
44,5
33
113,30
0,6
88
491,
307,9
14
21,
601,
771
5,5
44,8
13
486,5
49
-
.
836,7
86,2
68
836,7
86,2
68
836,7
86,2
68
836,7
86,2
68
836,7
86,2
68
711
,818
,579
482,8
52,7
23
1,012
,011
,986
38,5
51,
488
2,6
72,9
25
1,752,0
73
-
.
2,2
49,6
59,7
74
2,2
49,6
59,7
74
2,2
49,6
59,7
74
2,2
49,6
59,7
74
2,2
49,6
59,7
74
584,5
30,6
78
395,4
54,7
39
684,1
27,1
08
25,5
31,3
01
2,2
41,2
47
1,525,4
64
-
.
1,6
93,4
10
,537
1,6
93,4
10
,537
1,6
93,4
10
,537
1,6
93,4
10
,537
1,6
93,4
10
,537
-
.
-
.
-
.
-
.
-
.
-
.
13,6
41,973
13,6
41,9
73
13,6
41,9
73
13,6
41,9
73
13,6
41,9
73
13,6
41,9
73
-
.
-
.
-
.
-
.
-
.
-
.
7,4
50,1
33
7,4
50
,133
7,4
50
,133
7,4
50
,133
7,4
50
,133
7,4
50
,133
987,8
50,8
67
544,4
59,6
36
1,4
83,
497,6
77
126,4
12,1
23
10,6
63,4
43
2,0
78,4
07
13,6
41,
973
3,1
68
,60
4,1
26
3,1
68
,60
4,1
26
3,1
68
,60
4,1
26
3,1
68
,60
4,1
26
3,1
68
,60
4,1
26
789,0
75,2
11
508,7
55,4
27
1,17
5,4
35,0
22
47,1
33,0
72
7,7
86,
060
2,0
12,0
13
7,4
50,1
33
2,5
37,6
46,9
38
2,5
37,6
46,9
38
2,5
37,6
46,9
38
2,5
37,6
46,9
38
2,5
37,6
46,9
38
ljlk
g s
'df/ n
fna=
ljQ
clws[t
le=s
]= s's
\/]hf
;+rfn
s
/fh]z
s'df
/ rf}w
/L;x
fos d
xfk|j
Gws
czf
]s c
u|jfn
;+rfn
s
lk=c
f/= ld
>k|d
'v s
fo{sf/L clws[t÷
;+rfn
s
P;=a
L= df
ogfs
;+rfn
s
/fh]Gb
| cof
{n;+r
fns
P;=s
]= /f ‘o
cWo
If
;+nUg
k|lta]b
gsf] cfwf/df
l;P=
P;=
l;= n
fnlk|lG;
knP;
=l;=
nfn
P08
P;f
]l;P6
rf6{8{ P
sfp
06]06
;\
46
CIL 12th ANNUAL REPORT12th ANNUAL REPORT
Sch
ed
ule
-
1S
ch
ed
ule
-
1S
ch
ed
ule
-
1S
ch
ed
ule
-
1S
ch
ed
ule
-
1
(B) G
RO
SS
INS
UR
AN
CE
PR
EM
IUM
(C) D
IRE
CT
INS
UR
AN
CE
PR
EM
IUM
Cu
rren
t Yea
rP
revi
ou
s Y
ear
Cu
rren
t Yea
rP
revi
ou
s Y
ear
Cu
rren
t Yea
rP
revi
ou
s Y
ear
Cu
rren
t Yea
rP
revi
ou
s Y
ear
1E
nd
ow
me
nt
2A
nticip
ate
d E
nd
ow
me
nt
3M
od
ifie
d E
nd
ow
me
nt
4W
ho
le L
ife
Po
licy
5Te
rm I
nsu
ran
ce
Po
licy
6S
pe
cia
l Te
rm P
olic
y
7O
ther
Life
Ins
uran
ce (
En
do
wm
en
t S
ing
le P
rem
ium
)
Tota
l
S.N
.Ty
pes
of I
nsu
ran
ceF
irst
Yea
r P
rem
ium
Sin
gle
Pre
miu
mR
enew
al P
rem
ium
Tota
l D
irec
t P
rem
ium
(A) IN
SU
RA
NC
E P
RE
MIU
M (N
ET
)
Cu
rren
t Y
ear
Pre
vio
us Y
ear
Cu
rren
t Year
Pre
vio
us Y
ear
Cu
rren
t Year
Pre
vio
us Y
ear
1E
nd
ow
me
nt
2A
nticip
ate
d E
nd
ow
me
nt
3M
od
ifie
d E
nd
ow
me
nt
4W
ho
le L
ife
Po
licy
5Te
rm I
nsu
ran
ce
Po
licy
6S
pe
cia
l Te
rm P
olic
y
7O
ther
Life
Insu
ranc
e (E
ndow
men
t Sin
gle
Pre
miu
m)
To
tal
S.N
.Ty
pe
s o
f In
su
ran
ce
Gro
ss
In
su
ran
ce
Pre
miu
mIn
su
ran
ce
Pre
miu
m (
Ne
t)R
e-in
sura
nce
Pre
miu
m P
aid
(ced
ed)
Cu
rren
t Y
ear
Pre
vio
us Y
ear
Cu
rren
t Year
Pre
vio
us Y
ear
Cu
rren
t Year
Pre
vio
us Y
ear
1E
nd
ow
me
nt
2A
nticip
ate
d E
nd
ow
me
nt
3M
od
ifie
d E
nd
ow
me
nt
4W
ho
le L
ife
Po
licy
5Te
rm I
nsu
ran
ce
Po
licy
6S
pe
cia
l Te
rm P
olic
y
7O
ther
Life
Insu
ranc
e (E
ndow
men
t Sin
gle
Pre
miu
m)
To
tal
S.N
.Ty
pe
s o
f In
su
ran
ce
Dir
ec
t P
rem
ium
Gro
ss
In
su
ran
ce
Pre
miu
nR
e-in
sura
nce
Pre
miu
m R
ecei
ved
(Acc
epte
d)
98
7,8
50
,86
7
54
4,4
59
,63
6
1,4
83
,49
7,6
77
12
6,4
12
,12
3
10
,66
3,4
43
2,0
78
,40
7
13
,64
1,9
73
3,1
68
,60
4,1
26
78
9,0
75
,211
50
8,7
55
,42
7
1,1
75
,43
5,0
22
47
,13
3,0
72
7,7
86
,06
0
2,0
12
,01
3
7,4
50
,13
3
2,5
37
,64
6,9
38
3,3
25
,73
6
4
80
,81
3
1
2,6
24,4
91
1,3
23
,34
1
2
36
,49
4
69
,19
0
2
96
18
,06
0,3
61
2,6
82
,95
1
66
8,9
70
7,9
30
,27
5
42
5,8
83
26
9,6
22
69
,14
7
2,8
23
12
,04
9,6
70
9
84,5
25,1
31
5
43,9
78,8
23
1,4
70,8
73,1
86
1
25,0
88,7
82
10,4
26,9
49
2,0
09
,21
7
13,6
41,6
77
3,1
50
,54
3,7
65
78
6,3
92
,26
0
50
8,0
86
,45
7
1,1
67
,50
4,7
47
46
,70
7,1
89
7,5
16
,43
8
1,9
42
,86
6
7,4
47
,31
0
2,5
25
,59
7,2
68
98
7,8
50
,86
7
54
4,4
59
,63
6
1,4
83
,49
7,6
77
12
6,4
12
,12
3
10
,66
3,4
43
2,0
78
,40
7
13
,64
1,9
73
3,1
68
,60
4,1
26
78
9,0
75
,211
50
8,7
55
,42
7
1,1
75
,43
5,0
22
47
,13
3,0
72
7,7
86
,06
0
2,0
12
,01
3
7,4
50
,13
3
2,5
37
,64
6,9
38
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.-
.
-
.-
.
-
.-
.
-
.
-
.
98
7,8
50
,86
7
54
4,4
59
,63
6
1,4
83
,49
7,6
77
12
6,4
12
,12
3
10
,66
3,4
43
2,0
78
,40
7
13
,64
1,9
73
3,1
68
,60
4,1
26
78
9,0
75
,211
50
8,7
55
,42
7
1,1
75
,43
5,0
22
47
,13
3,0
72
7,7
86
,06
0
2,0
12
,01
3
7,4
50
,13
3
2,5
37
,64
6,9
38
204,5
44,5
33
113,3
00,6
88
491,3
07,9
14
21,6
01,7
71
5,5
44,8
13
486,5
49
-
.
836,
786,
268
711
,818,5
79
482,8
52,7
23
1,0
12,0
11,9
86
38,5
51,4
88
2,6
72,9
25
1,7
52,0
73
-
.
2,24
9,65
9,77
4
584,5
30,6
78
395,4
54,7
39
684,1
27,1
08
25,5
31,3
01
2,2
41,2
47
1,5
25,4
64
-
.
1,69
3,41
0,53
7
-
.
-
.
-
.
-
.
-
.
-
.
13,6
41,9
73
13,6
41,9
73
-
.
-
.
-
.
-
.
-
.
-
.
7,4
50,1
33
7,45
0,13
3
987,8
50,8
67
544,4
59,6
36
1,4
83,4
97,6
77
126,4
12,1
23
10,6
63,4
43
2,0
78,4
07
13,6
41,9
73
3,16
8,60
4,12
6
789,0
75,2
11
508,7
55,4
27
1,1
75,4
35,0
22
47,1
33,0
72
7,7
86,0
60
2,0
12,0
13
7,4
50,1
33
2,53
7,64
6,93
8
276,0
32,2
88
61,6
06,9
13
471,4
85,6
91
87,8
60,6
35
7,9
90,5
18
326,3
34
-
.
905,
302,
379
As
per
our
repo
rt o
f ev
en d
ate
CA
. S
.C.
Lal
Pri
nci
pa
l
Fo
r S
.C.
La
l &
Ass
oci
ate
s
Cha
rter
ed A
ccou
ntan
ts
Bip
in K
um
ar
Lal
Sr.
Fin
ance
Off
icer
V.K
. K
ukre
jaD
ire
cto
r
Raje
sh K
um
ar
Ch
ou
dh
ary
Ass
t. G
en
era
l M
an
ag
er
Ash
ok
Ag
raw
al
Dir
ect
or
P.R
. M
ish
raC
EO
/Dir
ecto
r
S.B
. M
ain
ak
Dir
ect
or
Ra
jen
dra
Ary
al
Dir
ecto
r
S.K
. R
oy
Ch
air
ma
n
47
CIL!@cf}+ jflif{s k|ltj]bg!@cf}+ jflif{s k|ltj]bg
qm=;+= ljj/0f o; jif{ ut jif{
174,930,042
460,145,057
30,152,364
1,440,000
24,715,079
- .
2,239,855
5,187
13,655,891
5,701,267
- .
4,321,437
- .
- .
- .
(10,902,234)
38,823
(31,707)
(219,702)
- .
7,260
34,700
282,362
- .
706,515,681706,515,681706,515,681706,515,681706,515,681
16,966,474
317,886,167
146,474,348
214,450,987
7,830,448
885,077
489,356
1,532,824
706,515,681706,515,681706,515,681706,515,681706,515,681
31,703,657
398,951,977
181,304,515
304,448,201
15,613,809
1,610,017
820,633
2,604,770
937,057,579 937,057,579 937,057,579 937,057,579 937,057,579
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
;/sf/L / ;/sf/sf] hdfgt k|fKt ;]So"l/6Laf6 cfojfl0fHo a}+ssf] d'2tL lgIf]kaf6 cfoljsf; a}+ssf] d'2tL lgIf]kaf6 cfogful/s nufgL of]hgfaf6 cfoljlQo ;+:yfsf] d'2tL lgIf]kaf6 cfocfjf; ljQ sDkgLsf] ;fwf/0f z]o/af6 nfef+zcGo klAns sDkgLsf] ;fwf/0f z]o/af6 nfef+za}+s tyf ljlQo ;+:yfsf] cu|flwsf/ z]o/af6 nfef+za}+s tyf ljlQo ;+:yfsf] l8j]Gr/af6 cfocGoaf6 cfoshf{af6 cfocGo lgIf]kaf6 -d'2tL afx]s_ cfonufgL laqmLdf gfkmfGo"g nufgL laqmLdf gf]S;fgnufgL -v/Lb_ df gfkmfGo"g nufgL -v/Lb_ df gf]S;fgl:y/ ;DkQL laqmLaf6 gfkmfGo"g l:y/ ;DkQL laqmLaf6 gf]S;fgvftf ckn]vgacl3Nnf jif{;+u ;DalGwt cfocGo cfo -z]o/ sf/f]jf/_cGo ljljw cfopkbfg sf]ifdf AofhOG:of]/]G; k'naf6 k|fKt cfo
hDdf
nufgL, shf{ tyf cGoaf6 cfosf] af“8kmf“8gfkmf gf]S;fg lx;fadf ;f/]sf];fjlws hLjg aLdfsf] cfo Aoo lx;fadf ;f/]sf]clu|d e'QmfgL ;fjlws hLjg aLdfsf] cfo Aoo lx;fadf ;f/]sf]?kfGtl/t ;fjlws hLjg aLdfsf] cfo Aoo lx;fjdf ;f/]sf]cfhLjg hLjg aLdfsf] cfo Aoo lx;fadf ;f/]sf]DofbL hLjg aLdfsf] cfo Aoo lx;fadf ;f/]sf]ljz]if DofbL hLjg aLdfsf] cfo Aoo lx;fadf ;f/]sf]cGo hLjg aLdf -Psn aLdfz'Ns_ sf] cfo Aoo lx;fadf ;f/]sf]
hDdf
cg';"rL – @
198,541,468
595,716,029
35,470,959
1,440,000
34,388,164
- .
1,958,833
5,187
67,367,049
9,697,813
- .
2,088,021
- .
- .
- .
(12,254,133)
4,963
(18,930)
(264,490)
- .
13,465
663,565
335,327
1,904,289
937,057,579937,057,579937,057,579937,057,579937,057,579
nufgL, shf{ tyf cGoaf6 cfo
ljlkg s'df/ nfna= ljQ clws[t
le=s]= s's\/]hf;+rfns
/fh]z s'df/ rf}w/L;xfos dxfk|jGws
czf]s cu|jfn;+rfns
lk=cf/= ld>k|d'v sfo{sf/L clws[t÷;+rfns
P;=aL= dfogfs;+rfns
/fh]Gb| cof{n;+rfns
P;=s]= /f‘ocWoIf
;+nUg k|lta]bgsf] cfwf/df
l;P= P;=l;= nfnlk|lG;knP;=l;= nfn P08 P;f]l;P6rf6{8{ Psfp06]06;\
48
CIL 12th ANNUAL REPORT12th ANNUAL REPORT
Income from Investment, Loans and Other SourcesSchedule - 2Schedule - 2Schedule - 2Schedule - 2Schedule - 2
S.N. Particulars Current Year Previous Year
1 Income from Government Securities & Securities Guaranteed by Govt.
2 Income from fixed deposit of Commercial Banks
3 Income from fixed deposit of Development Banks
4 Income from Investment in CIT
5 Income from fixed deposit of Finance Company
6 Dividend income from the ordinary shares of Housing Finance Company
7 Dividend income from ordinary shares of other Public Company
8 Dividend income from preference share of bank and Financial Institution
9 Income from debenture of Bank and Financial Institution
10 Income from Others (Advances)
11 Income from Loan
12 Income from Other Deposit (Except Fixed)
13 Profit on sale of Investment
Less: Loss on sale of Investment
14 Profit on purchase of Investment
Less: Loss on purchase of Investment
15 Profit on sale of Fixed Assets
Less: Loss on sale of Fixed Assets
16 Written Off/Amortized
17 Incomes related to Previous Year’s
18 Other Income (Share Transaction)
19 Other Miscellaneous Income
20 Interest on Gratuity Fund
21 Income from Insurance Pool
Total
Appopriation of income from investment, loan and others
Transferred to profit and loss account
Transferred to Reveue Account of Endowment
Transferred to Revenue Account of Anticipated Endowment
Transferred to Revenue Account of Modified Endowment
Transferred to Revenue Account of Whole Life Policy
Transferred to Revenue Account of Term Insurance Policy
Transferred to Revenue Account of Special Term Insurance Policy
Transferred to Revenue Account of Other Insurance Policy
Total
174,930,042
460,145,057
30,152,364
1,440,000
24,715,079
- .
2,239,855
5,187
13,655,890
5,701,267
- .
4,321,437
- .
- .
- .
(10,902,234)
38,823
(31,707)
(219,702)
- .
7,260
34,700
282,362
- .
706,515,681
198,541,468
595,716,029
35,470,959
1,440,000
34,388,164
- .
1,958,833
5,187
67,367,049
9,697,813
- .
2,088,021
- .
- .
- .
(12,254,133)
4,963
(18,930)
(264,490)
- .
13,465
663,565
335,327
1,904,289
937,057,579
16,966,474
317,886,167
146,474,348
214,450,987
7,830,448
885,077
489,356
1,532,824
706,515,681
31,703,657
398,951,977
181,304,515
304,448,201
15,613,809
1,610,017
820,633
2,604,770
937,057,579
As per our report of even date
CA. S.C. LalPrincipal
For S.C. Lal & Associates
Chartered Accountants
Bipin Kumar LalSr. Finance Officer
V.K. KukrejaDirector
Rajesh Kumar ChoudharyAsst. General Manager
Ashok AgrawalDirector
P.R. MishraCEO/Director
S.B. MainakDirector
Rajendra AryalDirector
S.K. RoyChairman
49
CIL!@cf}+ jflif{s k|ltj]bg!@cf}+ jflif{s k|ltj]bg
ljlk
g s
'df/ n
fna=
ljQ
clws[t
le=s
]= s's
\/]hf
;+rfn
s
/fh]z
s'df
/ rf}w
/L;x
fos d
xfk|j
Gws
czf
]s c
u|jfn
;+rfn
s
lk=c
f/= ld
>k|d
'v s
fo{sf/L clws[t÷
;+rfn
s
P;=a
L= df
ogfs
;+rfn
s
/fh]Gb
| cof
{n;+r
fns
P;=s
]= /f ‘o
cWo
If
;+nUg
k|lta]b
gsf] cfwf/df
l;P=
P;=
l;= n
fnlk|lG;
knP;
=l;=
nfn
P08
P;f
]l;P6
rf6{8{ P
sfp
06]06
;\
cg
';"r
L – #
aLd
fn]v
sf] l
wtf
]df s
hf{ /
cfo
cg
';"r
L – $
bfjL
e'Qmfg
L
o; j
if{ut
jif{
o; j
if{ut
jif{
qm=;
+=aLdf
sf] ls
l;d
aLdf
n]vsf] lw
tf]df
shf{af6 c
foaLdf
n]vsf] lw
tf]df
shf{
1 2 3 4 5 6 7
;fjlws
clu|d
e'Qmfg
L ;f
jlws
?kfGt
l/t
;fjlws
cfh
Ljg
DofbL
ljz]if
DofbL
cGo
hLjg
aLdf -Psn
aLdfz'Ns
_
hDd
f
669,5
23,6
85
171,9
36,4
06
425,8
53,9
45
20,0
60,1
61
-
.
-
.
2,2
69,6
15
1,2
89,6
43,8
12
1,2
89,6
43,8
12
1,2
89,6
43,8
12
1,2
89,6
43,8
12
1,2
89,6
43,8
12
o; jif{
ut jif{
o; jif{
ut jif{
o; jif{
ut jif{
1;fj
lws
2clu|d
e'Qmfg
L ;f
jlws
3?k
fGtl/t
;fjlws
4cfh
Ljg
5Do
fbL
6ljz]if
DofbL
7cGo
hLjg
aLdf
-Ps
n a
Ldfz
'Ns_
hDd
fhDd
fhDd
fhDd
fhDd
f
qm=;+=
aLdfsf] lsl;d
d[To' bfjL e
'Qmfg
Lcf+lzs
cjlw ;dfKtL b
fjL e
'QmfgL
cjlw ;
dfKtL b
fjL e
'QmfgL
o; jif{
ut jif{
o; jif{
ut jif{
o; jif{
ut jif{
o; jif{
ut jif{
o; jif{
ut jif{
cGo bfjL e
'QmfgL
bfjL e
'QmfgL -v'b_
s'n b
fjL e
'QmfgL
df k
'gaL{ds
sf] lx:;
f;d
k{0f d
"No bfjL e
'Qmfg
Ls'n
bfjL e
'QmfgL
511,6
17,6
67
108,1
29,1
59
196,2
80,0
08
7,0
66,5
00
-
.
-
.
971,3
00
824
,064
,633
824
,064
,633
824
,064
,633
824
,064
,633
824
,064
,633
62,6
74
,612
14
,364
,252
31,2
44
,583
1,3
48,6
47
-
.
-
.
14
5,2
06
10
9,7
77,3
00
10
9,7
77,3
00
10
9,7
77,3
00
10
9,7
77,3
00
10
9,7
77,3
00
44
,912,0
05
7,9
00,5
26
13,3
01,4
93
460,4
70
-
.
-
.
61,6
31
66,6
36,1
25
66,6
36,1
25
66,6
36,1
25
66,6
36,1
25
66,6
36,1
25
23,6
49,5
50
6,7
77,0
77
26,1
20,2
02
651,0
00
250,0
00
-
.
53,5
90
57,5
01,4
19
57,5
01,4
19
57,5
01,4
19
57,5
01,4
19
57,5
01,4
19
20,0
39,3
03
4,5
05,4
15
18,5
43,1
39
100,0
00
1,2
00,0
00
-
.
-
.
44
,38
7,8
56
44
,38
7,8
56
44
,38
7,8
56
44
,38
7,8
56
44
,38
7,8
56
56,5
89,7
92
-
.
3,6
80,4
00
-
.
-
.
-
.
614
,166
60
,88
4,3
58
60
,88
4,3
58
60
,88
4,3
58
60
,88
4,3
58
60
,88
4,3
58
42,1
09,0
96
-
.
2,2
56,0
63
-
.
-
.
-
.
-
.
44
,365,1
59
44
,365,1
59
44
,365,1
59
44
,365,1
59
44
,365,1
59
-
.
83,3
68,0
88
-
.
-
.
-
.
-
.
-
.
83,3
68
,08
88
3,3
68
,08
88
3,3
68
,08
88
3,3
68
,08
88
3,3
68
,08
8
-
.
73,1
00,6
97
-
.
-
.
-
.
-
.
-
.
73,1
00
,697
73,1
00
,697
73,1
00
,697
73,1
00
,697
73,1
00
,697
-
.
779,3
54
695,5
88
-
.
-
.
-
.
-
.
1,4
74
,94
21,4
74
,94
21,4
74
,94
21,4
74
,94
21,4
74
,94
2
158,9
49,6
64
112,4
41,5
42
60,2
90,7
44
3,1
12,5
72
250,0
00
-
.
773,8
06
335,8
18,3
28
335,8
18,3
28
335,8
18,3
28
335,8
18,3
28
335,8
18,3
28
104,7
98,8
97
92,4
02,7
82
36,9
98,7
63
536
,574
1,200,0
00
- .
- .
235,9
37,0
16
235,9
37,0
16
235,9
37,0
16
235,9
37,0
16
235,9
37,0
16
94
4,1
68
60,0
00
6,9
54
,168
-
.
-
.
-
.
-
.
7,9
58
,336
7,9
58
,336
7,9
58
,336
7,9
58
,336
7,9
58
,336
58
1,6
67
300,0
00
1,8
11,3
93
-
.
107,1
43
-
.
-
.
2,8
00
,20
32,8
00
,20
32,8
00
,20
32,8
00
,20
32,8
00
,20
3
158,0
05,4
96
112,3
81,5
42
53,3
36,5
76
3,1
12,5
72
250,0
00
-
.
773,8
06
327,8
59,9
92
327,8
59,9
92
327,8
59,9
92
327,8
59,9
92
327,8
59,9
92
104,2
17,2
30
92,1
02,7
82
35,1
87,3
70
536,5
74
1,0
92,8
57
-
.
-
.
233,1
36,8
13
233,1
36,8
13
233,1
36,8
13
233,1
36,8
13
233,1
36,8
13
78,1
80,2
42
21,5
24
,382
30,3
60,1
35
2,4
61,5
72
-
.
-
.
106,0
50
132,6
32,3
81
132,6
32,3
81
132,6
32,3
81
132,6
32,3
81
132,6
32,3
81
42,6
50,4
98
14,0
17,3
16
15,5
03,9
73
436,5
74
-
.
-
.
-
.
72,6
08
,361
72,6
08
,361
72,6
08
,361
72,6
08
,361
72,6
08
,361
530,0
81
771,9
95
130,0
08
-
.
-
.
-
.
-
.
1,4
32,0
84
1,4
32,0
84
1,4
32,0
84
1,4
32,0
84
1,4
32,0
84
50
CIL 12th ANNUAL REPORT12th ANNUAL REPORT
As
per
our
repo
rt o
f ev
en d
ate
CA
. S
.C.
Lal
Pri
nci
pa
l
Fo
r S
.C.
La
l &
Ass
oci
ate
s
Cha
rter
ed A
ccou
ntan
ts
Bip
in K
um
ar
Lal
Sr.
Fin
ance
Off
icer
V.K
. K
ukre
jaD
ire
cto
r
Raje
sh K
um
ar
Ch
ou
dh
ary
Ass
t. G
en
era
l M
an
ag
er
Ash
ok
Ag
raw
al
Dir
ect
or
P.R
. M
ish
raC
EO
/Dir
ecto
r
S.B
. M
ain
ak
Dir
ect
or
Ra
jen
dra
Ary
al
Dir
ecto
r
S.K
. R
oy
Ch
air
ma
n
Sch
ed
ule
-
4S
ch
ed
ule
-
4S
ch
ed
ule
-
4S
ch
ed
ule
-
4S
ch
ed
ule
-
4
Cu
rre
nt Y
ea
rP
rev
iou
s Y
ea
rC
urr
en
t Y
ea
rP
rev
iou
s Y
ea
r
1E
nd
ow
me
nt
2A
nticip
ate
d E
nd
ow
me
nt
3M
od
ifie
d E
nd
ow
me
nt
4W
ho
le L
ife
Po
licy
5Te
rm I
nsu
ran
ce
Po
licy
6S
pe
cia
l Te
rm P
olic
y
7O
the
r L
ife
In
su
ran
ce
(E
nd
ow
me
nt
Sin
gle
Pre
miu
m)
To
tal
S.N
.Ty
pe
s o
f In
su
ran
ce
Inco
me fro
m P
olicy L
oan
Po
licy L
oan
Po
licy
Lo
an
an
d In
co
me
fro
m P
olic
y L
oa
n
Sch
ed
ule
-
3S
ch
ed
ule
-
3S
ch
ed
ule
-
3S
ch
ed
ule
-
3S
ch
ed
ule
-
3
Cla
im P
aid
Cu
rre
nt
Ye
ar
Pre
vio
us
Ye
ar
Cu
rre
nt
Ye
ar
Pre
vio
us
Ye
ar
Cu
rre
nt
Ye
ar
Pre
vio
us
Ye
ar
1E
nd
ow
me
nt
2A
nticip
ate
d E
nd
ow
me
nt
3M
od
ifie
d E
nd
ow
me
nt
4W
ho
le L
ife
Po
licy
5Te
rm I
nsu
ran
ce
Po
licy
6S
pe
cia
l Te
rm P
olic
y
7O
the
r L
ife
In
su
ran
ce
(E
ndow
men
t Sin
gle
Pre
miu
m)
To
tal
S.N
.Ty
pe
s o
f In
su
ran
ce
Death
cla
im p
aym
en
tP
art
ial M
atu
rity
cla
im p
aid
Matu
rity
cla
im p
aid
Cu
rren
t Yea
rP
revi
ou
s Y
ear
Cu
rren
t Yea
rP
revi
ou
s Y
ear
Cu
rren
t Yea
rP
revi
ou
s Y
ear
Cu
rren
t Yea
rP
revi
ou
s Y
ear
Cu
rren
t Yea
rP
revi
ou
s Y
ear
Oth
er
cla
im p
aid
Net cla
im p
aid
TOTA
L R
I SH
AR
E IN
DEA
TH C
LAIM
PA
IDS
urr
en
der
valu
e c
laim
paid
To
tal cla
im p
aid
66
9,5
23
,68
5
17
1,9
36
,40
6
42
5,8
53
,94
5
20
,06
0,1
61
-
.
-
.
2,2
69
,61
5
1,2
89
,64
3,8
12
511
,61
7,6
67
10
8,1
29
,15
9
19
6,2
80
,00
8
7,0
66
,50
0
-
.
-
.
97
1,3
00
82
4,0
64
,63
3
62
,67
4,6
12
14
,36
4,2
52
31
,24
4,5
83
1,3
48
,64
7
-
.
-
.
14
5,2
06
10
9,7
77
,30
0
44
,91
2,0
05
7,9
00
,52
6
13
,30
1,4
93
46
0,4
70
-
.
-
.
61
,63
1
66
,63
6,1
25
23
,64
9,5
50
6,7
77
,07
7
26
,12
0,2
02
65
1,0
00
25
0,0
00
-
.
53
,59
0
57
,50
1,4
18
20
,03
9,3
03
4,5
05
,41
5
18
,54
3,1
39
10
0,0
00
1,2
00
,00
0
-
.
-
.
44
,38
7,8
56
56
,58
9,7
92
-
.
3,6
80
,40
0
-
.
-
.
-
.
61
4,1
66
60
,88
4,3
58
42
,10
9,0
96
-
.
2,2
56
,06
3
-
.
-
.
-
.
-
.
44
,36
5,1
59
-
.
83
,36
8,0
88
-
.
-
.
-
.
-
.
-
.
83
,36
8,0
88
-
.
73
,10
0,6
97
-
.
-
.
-
.
-
.
-
.
73
,10
0,6
97
-
.
77
9,3
54
69
5,5
88
-
.
-
.
-
.
-
.
1,4
74
,94
2
15
8,9
49
,66
4
11
2,4
41
,54
2
60
,29
0,7
44
3,1
12
,57
2
25
0,0
00
-
.
77
3,8
06
33
5,8
18
,32
8
10
4,7
98
,89
7
92
,40
2,7
82
36
,99
8,7
63
53
6,5
74
1,2
00
,00
0
-
.
-
.
23
5,9
37
,01
6
94
4,1
68
60
,00
0
6,9
54
,16
8
-
.
-
.
-
.
-
.
7,9
58
,33
6
58
1,6
67
30
0,0
00
1,8
11
,39
3
-
.
10
7,1
43
-
.
-
.
2,8
00
,20
3
15
8,0
05
,49
6
11
2,3
81
,54
2
53
,33
6,5
76
3,1
12
,57
2
2
50
,00
0
-
.
77
3,8
06
32
7,8
59
,99
2
10
4,2
17
,23
0
92
,10
2,7
82
35
,18
7,3
70
53
6,5
74
1,0
92
,85
7
-
.
-
.
23
3,1
36
,81
3
78
,18
0,2
42
21
,52
4,3
82
30
,36
0,1
35
2,4
61
,57
2
-
.
-
.
10
6,0
50
13
2,6
32
,38
0
42
,65
0,4
98
14
,01
7,3
16
15
,50
3,9
73
43
6,5
74
-
.
-
.
-
.
72
,60
8,3
61
53
0,0
81
77
1,9
95
13
0,0
08
-
.
-
.
-
.
-
.
1,4
32
,08
4
51
CIL!@cf}+ jflif{s k|ltj]bg!@cf}+ jflif{s k|ltj]bg
ljlk
g s
'df/ n
fna=
ljQ
clws[t
le=s
]= s's
\/]hf
;+rfn
s
/fh]z
s'df
/ rf}w
/L;x
fos d
xfk|j
Gws
czf
]s c
u|jfn
;+rfn
s
lk=c
f/= ld
>k|d
'v s
fo{sf/L clws[t÷
;+rfn
s
P;=a
L= df
ogfs
;+rfn
s
/fh]Gb
| cof
{n;+r
fns
P;=s
]= /f ‘o
cWo
If
;+nUg
k|lta]b
gsf] cfwf/df
l;P=
P;=
l;= n
fnlk|lG;
knP;
=l;=
nfn
P08
P;f
]l;P6
rf6{8{ P
sfp
06]06
;\
cg
';"r
L – ^
;]jf
z'Ns
-v
'b_
o; j
if{ut
jif{
o; j
if{ut
jif{
o; j
if{ut
jif{
1;fjlws
2clu
|d e
'Qmfg
L ;fjlws
3?k
fGtl/t ;
fjlws
4cfh
Ljg
5Do
fbL
6ljz]if
DofbL
7cGo
hLjg
aLdf
-Ps
n a
Ldfz
'Ns_
hDd
fhDd
fhDd
fhDd
fhDd
f
;]jf z
'Ns -v"b_
qm=;
+=aLdf
sf] ls
l;d
s"n ;
]jf z
'Nss"n ;
]jf z
'Nsdf
k'ga
L{dssf] lx:;
f
cg
';"r
L – %
cle
stf
{ sld
zg
hDdf c
lestf{ s
ldzg
qm=;
+=aLdf
sf] l
sl;d
k|yd
jif{sf
] aLd
fz'Ns
df c
lest
f{ sld
zgPs
n aLdf
z'Nsd
f cl
estf{ s
ldzg
gjLs
/0f a
Ldfz
'Nsdf c
lest
f{ sldzg
1;f
jlws
2clu|d
e'Qmfg
L ;f
jlws
3?k
fGtl/t
;fjlws
4cf
hLjg
5Do
fbL
6ljz]if
DofbL
7cG
o hL
jg a
Ldf -Psn
aLdf
z'Ns
_
hDd
f
o; j
if{ut
jif{
o; j
if{ut
jif{
o; j
if{ut
jif{
o; j
if{ut
jif{
64
,154
,436
14
,299,4
86
111,9
98
,18
4
20,7
71,
933
1,3
84
,889
80,7
54
-
.
212,6
89,6
82
212,6
89,6
82
212,6
89,6
82
212,6
89,6
82
212,6
89,6
82
47,8
20,9
16
25,6
80,8
54
116,6
11,5
59
4,8
58,0
47
1,1
85,2
48
119,5
19
-
.
19
6,2
76,1
42
19
6,2
76,1
42
19
6,2
76,1
42
19
6,2
76,1
42
19
6,2
76,1
42
49,9
55,7
12
34,6
54
,436
93,783,792
3,708,1
58
14
3,891
138
,536
-
.
18
2,3
84
,525
18
2,3
84
,525
18
2,3
84
,525
18
2,3
84
,525
18
2,3
84
,525
36,636
,768
29,2
75,9
02
60,5
87,
436
1,985,4
67
97,
150
150,390
-
.
128
,733,1
13
128
,733,1
13
128
,733,1
13
128
,733,1
13
128
,733,1
13
-
.
-
.
-
.
-
.
-
.
-
.
268,5
93
268
,59
32
68
,59
32
68
,59
32
68
,59
32
68
,59
3
-
.
-
.
-
.
-
.
-
.
-
.
149,0
03
14
9,0
03
14
9,0
03
14
9,0
03
14
9,0
03
14
9,0
03
114
,110,1
48
48,9
53,
922
205,7
81,
976
24
,480,0
91
1,5
28,7
80
219
,290
268,5
93
395,3
42,8
00
395,3
42,8
00
395,3
42,8
00
395,3
42,8
00
395,3
42,8
00
84,4
57,
684
54,9
56,75
6
177,
198,9
95
6,843,514
1,28
2,39
8
269,9
09
149,0
03
325,1
58
,258
325,1
58
,258
325,1
58
,258
325,1
58
,258
325,1
58
,258
9,8
78,5
09
5,4
44
,596
14
,834
,977
1,2
64
,121
106,6
34
20,7
84
136,4
20
31,6
86,0
41
31,6
86,0
41
31,6
86,0
41
31,6
86,0
41
31,6
86,0
41
7,8
90,7
52
5,0
87,5
54
11,7
54
,350
471,3
31
77,8
61
20,1
20
74,5
01
25,3
76,4
69
25,3
76,4
69
25,3
76,4
69
25,3
76,4
69
25,3
76,4
69
33,2
58
4,8
08
126,2
45
13,2
33
2,3
65
692 3
18
0,6
04
18
0,6
04
18
0,6
04
18
0,6
04
18
0,6
04
26,8
30
6,6
90
79,303
4,2
59
2,6
96
691
28
120
,49
7120
,49
7120
,49
7120
,49
7120
,49
7
9,8
45,2
51
5,4
39,7
88
14,7
08,7
32
1,2
50,8
88
104
,269
20,0
92
136,4
17
31,5
05,4
38
31,5
05,4
38
31,5
05,4
38
31,5
05,4
38
31,5
05,4
38
7,8
63,9
23
5,0
80,8
65
11,6
75,0
47
467,0
72
75,1
64
19,4
29
74,4
73
25,2
55,9
73
25,2
55,9
73
25,2
55,9
73
25,2
55,9
73
25,2
55,9
73
52
CIL 12th ANNUAL REPORT12th ANNUAL REPORT
As
per
our
repo
rt o
f ev
en d
ate
CA
. S
.C.
Lal
Pri
nci
pa
l
Fo
r S
.C.
La
l &
Ass
oci
ate
s
Cha
rter
ed A
ccou
ntan
ts
Bip
in K
um
ar
Lal
Sr.
Fin
ance
Off
icer
V.K
. K
ukre
jaD
ire
cto
r
Raje
sh K
um
ar
Ch
ou
dh
ary
Ass
t. G
en
era
l M
an
ag
er
Ash
ok
Ag
raw
al
Dir
ect
or
P.R
. M
ish
raC
EO
/Dir
ecto
r
S.B
. M
ain
ak
Dir
ect
or
Ra
jen
dra
Ary
al
Dir
ecto
r
S.K
. R
oy
Ch
air
ma
n
Sch
ed
ule
-
5S
ch
ed
ule
-
5S
ch
ed
ule
-
5S
ch
ed
ule
-
5S
ch
ed
ule
-
5
Ag
en
t’s
Co
mm
isio
n
Sch
ed
ule
-
6S
ch
ed
ule
-
6S
ch
ed
ule
-
6S
ch
ed
ule
-
6S
ch
ed
ule
-
6
Ne
t Se
rvic
e C
ha
rge
Cu
rren
t Yea
rP
revi
ou
s Y
ear
Cu
rren
t Yea
rP
revi
ou
s Y
ear
Cu
rren
t Yea
rP
revi
ou
s Y
ear
Cu
rren
t Yea
rP
revi
ou
s Y
ear
1E
ndow
men
t
2A
ntic
ipat
ed E
ndow
men
t
3M
odifi
ed E
ndow
men
t
4W
hole
Life
Pol
icy
5Te
rm In
sura
nce
Pol
icy
6S
peci
al T
erm
Pol
icy
7O
ther
Life
Insu
ranc
e
(End
owm
ent
Sin
gle
Pre
miu
m)
To
tal
S.N
.Ty
pes
of I
nsu
ran
ceA
gent
's C
omm
issi
on o
n Fi
rst
Prem
ium
Age
nt's
com
m. i
n S
ingl
e P
rem
uim
Age
nt's
com
m. o
n R
enew
al P
rem
ium
Tota
l Ag
ent'
s C
om
mis
sio
n
Cu
rre
nt Y
ea
rP
rev
iou
s Y
ea
rC
urr
en
t Y
ea
rP
rev
iou
s Y
ea
rC
urr
en
t Y
ea
rP
rev
iou
s Y
ea
r
1E
nd
ow
me
nt
2A
nticip
ate
d E
nd
ow
me
nt
3M
od
ifie
d E
nd
ow
me
nt
4W
ho
le L
ife
Po
licy
5Te
rm I
nsu
ran
ce
Po
licy
6S
pe
cia
l Te
rm P
olic
y
7O
the
r L
ife
In
su
ran
ce
(Endow
ment
Sin
gle
Pre
miu
m)
To
tal
S.N
.Ty
pe
s o
f In
su
ran
ce
Gro
ss S
erv
ice F
ee
Net S
erv
ice F
ee
Re-
insu
rer'
s sh
are
in G
ross
Ser
vice
Fee
64,1
54,4
36
14,2
99,4
86
111,
998,
184
20,7
71,9
33
1,38
4,88
9
80,7
54
-
.
212,
689,
682
47,8
20,9
16
25,6
80,8
54
116,
611,
559
4,85
8,04
7
1,18
5,24
8
119,
519
-
.
196,
276,
142
49,9
55,7
12
34,6
54,4
36
93,7
83,7
92
3,70
8,15
8
143,
891
138,
536
-
.
182,
384,
524
36,6
36,7
68
29,2
75,9
02
60,5
87,4
36
1,98
5,46
7
97,1
50
150,
390
-
.
128,
733,
113
-
.
-
.
-
.
-
.
-
.
-
.
268,
593
268,
593
-
.
-
.
-
.
-
.
-
.
-
.
149,
003
149,
003
114,
110,
148
48,9
53,9
22
205,
781,
976
24,4
80,0
91
1,52
8,78
0
219,
290
268,
593
395,
342,
800
84,4
57,6
84
54,9
56,7
56
177,
198,
995
6,84
3,51
4
1,28
2,39
8
269,
909
149,
003
325,
158,
258
9,8
78
,50
9
5,4
44
,59
6
14
,83
4,9
77
1,2
64
,12
1
10
6,6
34
20
,78
4
13
6,4
20
31
,68
6,0
41
7,8
90
,75
2
5,0
87
,55
4
11
,75
4,3
50
47
1,3
31
77
,86
1
20
,12
0
74
,50
1
25
,37
6,4
69
33
,25
7
4,8
08
12
6,2
45
13
,23
3
2,3
65
69
2 3
18
0,6
04
26
,83
0
6,6
90
79
,30
3
4,2
59
2,6
96
69
1
28
12
0,4
97
9,8
45
,25
1
5,4
39
,78
8
14
,70
8,7
32
1,2
50
,88
8
10
4,2
69
20
,09
2
13
6,4
17
31
,50
5,4
38
7,8
63
,92
3
5,0
80
,86
5
11
,67
5,0
47
46
7,0
72
75
,16
4
19
,42
9
74
,47
3
25
,25
5,9
73
53
CIL!@cf}+ jflif{s k|ltj]bg!@cf}+ jflif{s k|ltj]bgcg';"rL – &
Joj:yfkg vr{
qm=;+= ljj/0f o; jif{ ut jif{
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
41,778,871
11,152,095
1,853,345
410,146
521,653
640,237
- .
2,399,726
9,678,376
248,455
2,678,067
2,815,261
175,380
7,673,732
52,839,859
746,020
356,175
85,000
155,476
4,169,471
- .
240,000
585,000
150,000
1,448,990
30,000
195,891
957,437
- .
- .
158,200
48,025
50,850
16,950
339,000
297,502
36,233,036
90,216
4,254,118
7,294,349
789,019
1,307,869
340,765
2,564,622
sd{rf/L vr{ -cg';"rL &=! adf]lhd_3/ ef8flah'nL tyf kfgLdd{t tyf ;Def/-s_ ejg-v_ ;jf/L ;fwg-u_ sfof{no pks/0f-3_ cGo;+rf/5kfO{ tyf d;nGbvr{ x'g] sfof{no ;fdfgkl/jxge|d0f vr{ -eQf ;d]t_-s_ cfGtl/s-v_ j}b]lzsclestf{ tflndclestf{ cGoaLdfz'Ns;'/Iff vr{sfg"gL tyf k/fdz{ z'Nskq klqsf tyf k':tslj1fkg tyf k|rf/ k|;f/Jofkf/ k|j4{gcltyL ;Tsf/rGbf tyf pkxf/;+rfns ;ldlt ;DaGwL vr{-s_ a}7s eQf-v_ cGocGo ;ldlt÷pk–;ldlt ;DaGwL vr{-s_ a}7s eQf-v_ cGo;fwf/0f ;ef ;DaGwL vr{-s_ aLdf°Lo ;]jf z'Ns-v_ aLdf°Lo vr{n]vf k/LIf0f ;DaGwL vr{-s_ n]vf k/LIf0f z'Ns-v_ s/ n]vf k/LIf0f z'Ns-u_ lj:t[t n]vf k/LIf0f k|ltj]bg z'Ns-3_ cGo z'Ns-ª_ cfGtl/s n]vf k/LIf0f z'Ns-r_ cGo vr{Aofha}s b:t"/z'Ns tyf b:t"/x|f; s§Lx'nfs l6s6cGosd{rf/L tfhuL vr{sfof{no ;/–;kmfO{ vr{;ef–;Dd]ng vr{ -k|zf;g_
qmdzM k]h g+= %%
36,420,640
9,150,792
1,601,399
318,536
324,279
780,876
- .
1,743,563
5,838,648
216,393
2,015,633
1,083,230
56,298
111,674
145,543,163
525,862
807,695
64,025
60,509
5,928,248
- .
205,000
- .
298,000
1,346,176
95,000
129,790
527,665
- .
- .
141,250
48,025
50,850
- .
310,750
91,938
15,494,404
119,244
4,254,118
5,860,261
634,501
678,455
278,127
43,177
54
CIL 12th ANNUAL REPORT12th ANNUAL REPORTSchedule - 7Schedule - 7Schedule - 7Schedule - 7Schedule - 7
Management Expenditure
S.N. Particulars Current Year Previous Year
1 Employee Expenses (Anx 7.1)
2 Building Rent
3 Water & Electricity
4 Repair & Maintenance
A) Building
B) Vehicle
C) Office Equipment
D) Others
5 Communication
6 Printing and Stationery
7 Non Capital Office Items
8 Transportation
9 Travelling Expenses (Including Allowance)
A) Internal
B) International
10 Agent Trainning
11 Other Agents Expenses
12 Insurance premium
13 Security Expenses
14 Legal and Consultancy Fees
15 Books & Periodicals
16 Advertigement and Publicity
17 Business Promotion
18 Entertainment Expenses
19 Donation and Awards
20 Board Committee Expenses
A) Meeting Allowance
B) Others
21 Other Committee/Sub Committee Expenses
A) Meeting Allowance
B) Others
22 Expenses relating General Meeting
23 A) Acturial Service Fee
B) Acturial Expenses
24 Audit Expenses
A) Audit Fee
B) Tax Audit Fee
C) Long Form Audit Fee
D) Other Fee
E) Internal Audit Fee
F) Others Expenses
25 Interest
26 Bank charges
27 Fee and charges
28 Depreciation
29 Stamps
30 Other
Staff Refereshment Expenses
Office Upkeep and Cleaning Expenses
Conferrence Expenses (Admin)
Contd. Page No. 56
41,778,871
11,152,095
1,853,345
410,146
521,653
640,237
- .
2,399,726
9,678,376
248,455
2,678,067
2,815,261
175,380
7,673,732
52,839,859
746,020
356,175
85,000
155,476
4,169,471
- .
240,000
585,000
150,000
1,448,990
30,000
195,891
957,437
- .- .
158,200
48,025
50,850
16,950
339,000
297,502
36,233,036
90,216
4,254,118
7,294,349
789,019
1,307,869
340,765
2,564,622
36,420,640
9,150,792
1,601,399
318,536
324,279
780,876
- .
1,743,563
5,838,648
216,393
2,015,633
1,083,230
56,298
111,674
145,543,163
525,862
807,695
64,025
60,509
5,928,248
- .
205,000
- .
298,000
1,346,176
95,000
129,790
527,665
- .
- .
141,250
48,025
50,850
- .
310,750
91,938
15,494,404
119,244
4,254,118
5,860,261
634,501
678,455
278,127
43,177
55
CIL!@cf}+ jflif{s k|ltj]bg!@cf}+ jflif{s k|ltj]bg
cg';"rL – &=!sd{rf/L vr{
cg';"rL – &
qm=;+= ljj/0f o; jif{ ut jif{
1,741,836
197,403
50,000
3,154,508
11,880
248,353,821248,353,821248,353,821248,353,821248,353,821
24,835,382
71,238,317
45,942,694
100,740,029
4,045,643
636,812
175,232
739,711
248,353,821248,353,821248,353,821248,353,821248,353,821
cGo ljljw vr{;]jf / b:t'/ -;jf/L ;fwg_Ohfhtkq gjLs/0f z'Ns -aLdf ;ldlt_g]6jls{ª vr{gu/kflnsf s/
af“8 kmf“8sf] nflu hDdf
gfkmf gf]S;fg lx;fadf ;f/]sf];fjlws hLjg aLdfsf] cfo Aoo lx;fadf ;f/]sf]clu|d e'QmfgL ;fjlws hLjg aLdfsf] cfo Aoo lx;fadf ;f/]sf]?kfGtl/t ;fjlws hLjg aLdfsf] cfo Aoo lx;fadf ;f/]sf]cfhLjg hLjg aLdfsf] cfo Aoo lx;fadf ;f/]sf]DofbL hLjg aLdfsf] cfo Aoo lx;fadf ;f/]sf]ljz]if DofbL hLjg aLdfsf] cfo Aoo lx;fadf ;f/]sf]cGo hLjg aLdfsf] cfo Aoo lx;fadf ;f/]sf] -Psn aLdfz'Ns_
hDdf
qm=;+= ljj/0f o; jif{ ut jif{
tnaeQfbz}+ vr{;~rosf]ifdf yktflnd vr{kf]zfscf}ifwf]krf/aLdfk]G;g tyf pkbfg vr{ tyf Joj:yfljbf afktsf] vr{ tyf Joj:yfcGo ;'ljwf afkt vr{ tyf Joj:yfcGos_ z}lIfs vr{v_ ahf/ clwsf/Lx?nfO{ k|f]T;fxg /sdu_ gof“ sd{rf/L egf{ vr{3_ sd{rf/L ;'ljwf -ljljw_ª_ sd{rf/L ;?jf vr{r_ Hofnf
hDdf
1
2
3
4
5
6
7
8
9
10
11
12
3,358,417
302,254
50,000
5,050,220
23,580
206,553 ,655206,553 ,655206,553 ,655206,553 ,655206,553 ,655
22,556,768
57,976,717
32,980,028
84,768,808
6,665,666
592,191
123,320
890,157
206,553 ,655206,553 ,655206,553 ,655206,553 ,655206,553 ,655
21,108,581
11,728,640
2,378,489
1,978,835
41,588
- .
394,692
308,335
944,920
947,908
- .
384,090
311,500
- .
- .
226,726
1,024,567
41,778,87141,778,87141,778,87141,778,87141,778,871
17,301,993
9,203,129
1,638,797
1,637,236
8,000
- .
342,243
- .
1,823,979
2,498,639
- .
379,441
1,044,578
- .
- .
542,605
- .
36,420,64036,420,64036,420,64036,420,64036,420,640
ljlkg s'df/ nfna= ljQ clws[t
le=s]= s's\/]hf;+rfns
/fh]z s'df/ rf}w/L;xfos dxfk|jGws
czf]s cu|jfn;+rfns
lk=cf/= ld>k|d'v sfo{sf/L clws[t÷;+rfns
P;=aL= dfogfs;+rfns
/fh]Gb| cof{n;+rfns
P;=s]= /f‘ocWoIf
;+nUg k|lta]bgsf] cfwf/df
l;P= P;=l;= nfnlk|lG;knP;=l;= nfn P08 P;f]l;P6rf6{8{ Psfp06]06;\
56
CIL 12th ANNUAL REPORT12th ANNUAL REPORTSchedule - 7 Contd.Schedule - 7 Contd.Schedule - 7 Contd.Schedule - 7 Contd.Schedule - 7 Contd.
Schedule - 7.1Schedule - 7.1Schedule - 7.1Schedule - 7.1Schedule - 7.1
Employee Expenses
S.N. Particulars Current Year Previous Year
Other Miscellaneous ExpensesRates & Taxes (Vehicles)Licience Renewal Fee (Beema Samiti)Networking ExpensesMucipality Tax
Total
Total for Distribution
Transferred to Profit and Loss Account
Transferred to Reveue Account of Endowment
Transferred to Revenue Account of Anticipated Endowment
Transferred to Revenue Account of Modified Endowment
Transferred to Revenue Account of Whole Life Policy
Transferred to Revenue Account of Term Insurance Policy
Transferred to Revenue Account of Special Term Insurance Policy
Transferred to Revenue Account of Other Life Insurance Policy (End. Sing. Premium)
Total
S.N. Particulars Current Year Previous Year
1 Salaries
2 Allowances
3 Dashain Expenses
4 Company Contribution Providend Fund
5 Training Expenses
6 Dress Allowance
7 Medical Expenses
8 Insurance
9 Provision on Pension and Gratuity
10 Expenses & Provision for Leave Encashment
11 Provision for Other Facilities
12 Other
A) Education Expenses
B) Incentive to Marketing Officials
C) Recruiting Expenses
D) Employee Benefit Misc.
E) Relocation Expenses
F) Wages
Total
1,741,836197,403
50,0003,154,508
11,880
248,353,821
24,835,382
71,238,317
45,942,694
100,740,029
4,045,643
636,812
175,232
739,711
248,353,821
3,358,417302,254
50,0005,050,220
23,580
206,553,655
22,556,768
57,976,717
32,980,028
84,768,808
6,665,666
592,191
123,320
890,157
206,553,655
21,108,581
11,728,640
2,378,489
1,978,835
41,588
- .
394,692
308,335
944,920
947,908
- .
384,090
311,500
- .
- .
226,726
1,024,567
41,778,871
17,301,993
9,203,129
1,638,797
1,637,236
8,000
- .
342,243
- .
1,823,979
2,498,639
- .
379,442
1,044,578
- .
- .
542,605
- .
36,420,640
As per our report of even date
CA. S.C. LalPrincipal
For S.C. Lal & Associates
Chartered Accountants
Bipin Kumar LalSr. Finance Officer
V.K. KukrejaDirector
Rajesh Kumar ChoudharyAsst. General Manager
Ashok AgrawalDirector
P.R. MishraCEO/Director
S.B. MainakDirector
Rajendra AryalDirector
S.K. RoyChairman
57
CIL!@cf}+ jflif{s k|ltj]bg!@cf}+ jflif{s k|ltj]bgcg';"rL – *
cfos/
qm=;+= ljj/0f o; jif{ ut jif{
1. o; jif{sf] cfos/
af“8kmf“8sf] nflu cfos/sf] hDdf
af“8kmf“8
gfkmf gf]S;fg lx;fadf ;f/]sf]
;fjlws hLjg aLdfsf] cfo Aoo lx;fadf ;f/]sf]
clu|d e'QmfgL ;fjlws hLjg aLdfsf] cfo Aoo lx;fadf ;f/]sf]
?kfGtl/t ;fjlws hLjg aLdfsf] cfo Aoo lx;fadf ;f/]sf]
cfhLjg hLjg aLdfsf] cfo Aoo lx;fadf ;f/]sf]
DofbL hLjg aLdfsf] cfo Aoo lx;fadf ;f/]sf]
ljz]if DofbL hLjg aLdfsf] cfo Aoo lx;fadf ;f/]sf]
cGo hLjg aLdfsf] cfo Aoo lx;fadf ;f/]sf] -Psn aLdfz'Ns_
hDdf
105,554,644
105,554,644105,554,644105,554,644105,554,644105,554,644
1,321,686
49,269,444
21,432,244
31,742,718
1,292,968
147,071
100,759
247,754
105,554,644105,554,644105,554,644105,554,644105,554,644
44,165,402
44,165,40244,165,40244,165,40244,165,40244,165,402
- .
23,374,640
9,527,313
10,776,306
358,683
23,528
29,769
75,163
44,165,40244,165,40244,165,40244,165,40244,165,402
ljlkg s'df/ nfna= ljQ clws[t
le=s]= s's\/]hf;+rfns
/fh]z s'df/ rf}w/L;xfos dxfk|jGws
czf]s cu|jfn;+rfns
lk=cf/= ld>k|d'v sfo{sf/L clws[t÷;+rfns
P;=aL= dfogfs;+rfns
/fh]Gb| cof{n;+rfns
P;=s]= /f‘ocWoIf
;+nUg k|lta]bgsf] cfwf/df
l;P= P;=l;= nfnlk|lG;knP;=l;= nfn P08 P;f]l;P6rf6{8{ Psfp06]06;\
58
CIL 12th ANNUAL REPORT12th ANNUAL REPORT
Income Tax
Schedule - 8Schedule - 8Schedule - 8Schedule - 8Schedule - 8
S.N. Particulars Current Year Previous Year
1 Income Tax of Current Year
Total Income Tax For Appropriation
Appropriation
Transferred to Profit and Loss Account
Transferred to Reveue Account of Endowment
Transferred to Revenue Account of Anticipated Endowment
Transferred to Revenue Account of Modified Endowment
Transferred to Revenue Account of Whole Life Policy
Transferred to Revenue Account of Term Insurance Policy
Transferred to Revenue Account of Special Term Insurance Policy
Transferred to Revenue Account of Other Life Insurance Policy (End. Sing. Premium)
Total
105,554,644
105,554,644
1,321,686
49,269,444
21,432,244
31,742,718
1,292,968
147,071
100,759
247,754
105,554,644
44,165,402
44,165,402
- .
23,374,640
9,527,313
10,776,306
358,683
23,528
29,769
75,163
44,165,402
As per our report of even date
CA. S.C. LalPrincipal
For S.C. Lal & Associates
Chartered Accountants
Bipin Kumar LalSr. Finance Officer
V.K. KukrejaDirector
Rajesh Kumar ChoudharyAsst. General Manager
Ashok AgrawalDirector
P.R. MishraCEO/Director
S.B. MainakDirector
Rajendra AryalDirector
S.K. RoyChairman
59
CIL!@cf}+ jflif{s k|ltj]bg!@cf}+ jflif{s k|ltj]bg
ljlk
g s
'df/ n
fna=
ljQ
clws[t
le=s
]= s's
\/]hf
;+rfn
s
/fh]z
s'df
/ rf}w
/L;x
fos d
xfk|j
Gws
czf
]s c
u|jfn
;+rfn
s
lk=c
f/= ld
>k|d
'v s
fo{sf/L clws[t÷
;+rfn
s
P;=a
L= df
ogfs
;+rfn
s
/fh]Gb
| cof
{n;+r
fns
P;=s
]= /f ‘o
cWo
If
;+nUg
k|lta]b
gsf] cfwf/df
l;P=
P;=
l;= n
fnlk|lG;
knP;
=l;=
nfn
P08
P;f
]l;P6
rf6{8{ P
sfp
06]06
;\
cg
';"r
L – !
)c
fo J
oo
lx;
fax?
af6
gfk
mf g
f]S;
fg lx
;fa
df ;
f/]s
f] /s
d
cg
';"r
L – (
cfly
{s j
if{sf] c
GTo
df e
'Qmfg
L x'g
af“s
L bfj
L afk
t Jo
j:y
f
qm=;
+=ljj/
0fo;
jif{
ut j
if{ 1
;fjlws
hLjg
aLdf
sf] cfo Aoo
lx;f
adf ;f
/]sf]
-
. -
2clu|d
e'Qmfg
L ;f
jlws
hLjg
aLdf
sf] cfo Aoo
lx;f
adf ;f
/]sf]
-
. -
3?k
fGtl/t
;fjlws
hLjg
aLdf
sf] cfo Aoo
lx;f
adf ;f
/]sf]
-
. -
4cfh
Ljg
hLjg
aLdf
sf] cfo Aoo
lx;f
adf ;f
/]sf]
-
. -
5Do
fbL h
Ljg
aLdf
sf] cfo Aoo
lx;f
adf ;f
/]sf]
-
. -
6ljz]if
DofbL h
Ljg
aLdf
sf] cfo Aoo
lx;f
adf ;f
/]sf]
-
. -
7cGo
hLjg
aLdf
sf] cfo Aoo
lx;f
adf ;f
/]sf] -Psn a
Ldfz
'Ns_
-
. -
hDd
f-
. -
qm=;
+=aLdf
sf] ls
l;d
e'Qmfg
L x'g
af“s
L d[T
o' bfj
Le'Q
mfgL x
'g af“s
L cf+lz
s cj
lw ;d
fKtL b
fjLe'Q
mfgL x'g
af“s
L cj
lw ;
dfKtL bfj
Le'Q
mfgL x
'g af“sL
;dk
{0f d
"No b
fjL
;[hgf
ePsf
] t/
hfgs
f/Ldf -c
g'dflg
t_e'Q
mfgL x
'g af“s
L hDd
f bfjL
df k'g
aL{dss
f] lx:;
fe'Qmfg
L x'g
af“s
L hDd
f bfjL
e'Qmfg
L x'g
af“s
L bfj
L afkt
Joj
:yf
e'Qmfg
L x'g
af“s
L cGo
bfjL
qm=;
+=aLdf
sf] ls
l;d
e'Qmfg
L x'g
af“s
L d[T
o' bfj
Le'Q
mfgL x
'g af“s
L cf+lz
s cj
lw ;d
fKtL b
fjLe'Q
mfgL x'g
af“s
L cj
lw ;
dfKtL bfj
Le'Q
mfgL x
'g af“sL
;dk
{0f d
"No b
fjL
;[hgf
ePsf
] t/
hfgs
f/Ldf
gcfPs
f] -c
g'dflg
t_e'Q
mfgL x
'g af“s
L hDd
f bfjL
df k'g
aL{dss
f] lx:;
fe'Qmfg
L x'g
af“s
L hDd
f bfjL
e'Qmfg
L x'g
af“s
L bfj
L afkt
Joj
:yf
e'Qmfg
L x'g
af“s
L cGo
bfjL
o; j
if{ut
jif{
o; j
if{ut
jif{
o; j
if{ut
jif{
o; j
if{ut
jif{
o; j
if{ut
jif{
558
,750
40,0
00
-
.
-
.
558
,750
40,0
00
-
.
-
.
64
2,5
63
46,0
00
2,7
75,4
32
3,1
40,5
70
-
.
-
.
2,7
75,4
32
3,1
40,5
70
-
.
-
.
3,1
91,7
47
3,6
11,6
56
1,3
09,2
82
64
0,0
00
-
.
-
.
1,4
09,2
82
740,0
00
-
.
-
.
1,6
20,6
74
85,1
000
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
4,6
43,4
64
4,6
43,4
64
4,6
43,4
64
4,6
43,4
64
4,6
43,4
64
3,8
20
,57
03,8
20
,57
03,8
20
,57
03,8
20
,57
03,8
20
,57
0-
.
-
.
4,7
43,4
64
4,7
43,4
64
4,7
43,4
64
4,7
43,4
64
4,7
43,4
64
3,8
20
,57
03,8
20
,57
03,8
20
,57
03,8
20
,57
03,8
20
,57
0-
.
-
.
5,4
54
,98
45
,45
4,9
84
5,4
54
,98
45
,45
4,9
84
5,4
54
,98
44
,50
8,6
56
4,5
08
,65
64
,50
8,6
56
4,5
08
,65
64
,50
8,6
56
o; j
if{ut
jif{
o; j
if{ut
jif{
o; j
if{ut
jif{
o; j
if{ut
jif{
1;f
jlws
-
.
-
.
--
--
--
2clu|d
e'Qmfg
L ;f
jlws
-
.
-
.
-
-
--
--
3?k
fGtl/t
;fjlws
100,0
00.
100,0
00
-
-
--
--
4cf
hLjg
-
.
-
.
-
--
--
-
5Do
fbL
-
.
-
.
-
--
--
-
6ljz]if
DofbL
-
.
-
.
-
-
--
--
7cG
o hL
jg a
Ld -
Psn
aLdfz
'Ns_
-
.
-
.
-
--
--
-
hDd
f10
0,0
00
10
0,0
00
10
0,0
00
10
0,0
00
10
0,0
00
10
0,0
00
10
0,0
00
10
0,0
00
10
0,0
00
10
0,0
00
---- - -
-
-
-
-
---- ----- -
--
60
CIL 12th ANNUAL REPORT12th ANNUAL REPORT
As
per
our
repo
rt o
f ev
en d
ate
CA
. S
.C.
Lal
Pri
nci
pa
l
Fo
r S
.C.
La
l &
Ass
oci
ate
s
Cha
rter
ed A
ccou
ntan
ts
Bip
in K
um
ar
Lal
Sr.
Fin
ance
Off
icer
V.K
. K
ukre
jaD
ire
cto
r
Raje
sh K
um
ar
Ch
ou
dh
ary
Ass
t. G
en
era
l M
an
ag
er
Ash
ok
Ag
raw
al
Dir
ect
or
P.R
. M
ish
raC
EO
/Dir
ecto
r
S.B
. M
ain
ak
Dir
ect
or
Ra
jen
dra
Ary
al
Dir
ecto
r
S.K
. R
oy
Ch
air
ma
n
S.N
.Ty
pes
of I
nsu
ran
ceO
uts
tan
din
g D
eath
cla
imO
utst
andi
ng P
artia
l M
atur
ity C
laim
Ou
tsta
nd
ing
Mat
uri
ty C
laim
Out
stan
ding
Sur
rend
er V
alue
Cla
im
Cla
im IB
NR
(Est
imat
ed)
Shar
e of R
e-in
sure
r on T
otal
Outs
tand
ing C
laim
Tota
l O
uts
tan
din
g C
laim
Pro
visi
on
fo
r C
laim
of
Pay
men
tO
ther
Ou
tsta
nd
ing
Cla
im
Cu
rren
t Yea
rP
revi
ou
s Y
ear
Cu
rren
t Yea
rP
revi
ou
s Y
ear
Cu
rren
t Yea
rP
revi
ou
s Y
ear
Cu
rren
t Yea
rP
revi
ou
s Y
ear
Cu
rren
t Yea
rP
revi
ou
s Y
ear
55
8,7
50
40
,00
0-
.
-
.
55
8,7
50
40
,00
0-
.
-
.
64
2,5
63
46
,00
0
2,7
75
,43
23
,14
0,5
70
-
.
-
.
2,7
75
,43
23
,14
0,5
70
-
.
-
.
3,1
91
,74
73
,611
,65
6
1,3
09
,28
26
40
,00
0-
.
-
.
1,4
09
,28
27
40
,00
0-
.
-
.
1,6
20
,67
48
5,1
00
0
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
-
.
4,6
43
,46
43
,82
0,5
70
-
.
-
.
4,7
43
,46
43
,82
0,5
70
-
.
-
.
5,4
54
,98
44
,50
8,6
56
Cu
rren
t Yea
rP
revi
ou
s Y
ear
Cu
rren
t Yea
rP
revi
ou
s Y
ear
Cu
rren
t Yea
rP
revi
ou
s Y
ear
Cu
rren
t Yea
rP
revi
ou
s Y
ear
1E
nd
ow
me
nt
- .
- .
--
--
--
2A
nticip
ate
d E
nd
ow
nm
en
t -
.
- .
--
--
--
3M
od
ifie
d E
nd
ow
nm
en
t1
00
,00
01
00
,00
0-
--
--
-
4W
ho
le L
ife
Po
licy
- .
- .
--
--
--
5Te
rm I
nsu
ran
ce
Po
licy
-
.-
.
--
--
--
6S
pe
cia
l Te
rm P
olic
y-
.
-
.-
--
--
-
7Ot
her L
ife In
sura
nce
(End
owm
ent S
ingle
Prem
ium)
-
.-
.
--
--
--
To
tal
10
0,0
00
10
0,0
00
--
--
--
S.N
.P
atr
icu
lars
Cu
rre
nt Y
ea
rP
rev
iou
s Y
ea
r
1T
ran
sfe
rre
d t
o R
eve
ue
Acco
un
t o
f E
nd
ow
me
nt
-
.
-
2T
ran
sfe
rre
d t
o R
eve
nu
e A
cco
un
t o
f A
nticip
ate
d E
nd
ow
me
nt
-
.
-
3T
ran
sfe
rre
d t
o R
eve
nu
e A
cco
un
t o
f M
od
ifie
d E
nd
ow
me
nt
-
.
-
4T
ran
sfe
rre
d t
o R
eve
nu
e A
cco
un
t o
f W
ho
le L
ife
Po
licy
-
.
-
5T
ran
sfe
rre
d t
o R
eve
nu
e A
cco
un
t o
f T
erm
In
su
ran
ce
Po
licy
-
.
-
6T
ran
sfe
rre
d t
o R
eve
nu
e A
cco
un
t o
f S
pe
cia
l Te
rm
Insu
ran
ce
Po
licy
-
.
-
7T
ran
sfe
rre
d t
o R
eve
nu
e A
cco
un
t o
f O
the
r L
ife
In
su
ran
ce
Po
licy (
En
d.
Sin
g.
Pre
miu
m)
-
.
-
To
tal
-
.
-
Pro
vis
ion
fo
r O
uts
tan
din
g C
laim
at
the
en
d o
f th
e F
isc
al Ye
ar
Sch
ed
ule
-
9S
ch
ed
ule
-
9S
ch
ed
ule
-
9S
ch
ed
ule
-
9S
ch
ed
ule
-
9
Sch
ed
ule
-
10
Sch
ed
ule
-
10
Sch
ed
ule
-
10
Sch
ed
ule
-
10
Sch
ed
ule
-
10
Am
ou
nt Tr
an
sfe
rre
d fro
m R
ev
en
ue
Ac
co
un
ts to
P &
L A
/c
61
CIL!@cf}+ jflif{s k|ltj]bg!@cf}+ jflif{s k|ltj]bg
ljlk
g s
'df/ n
fna=
ljQ
clws[t
le=s
]= s's
\/]hf
;+rfn
s
/fh]z
s'df
/ rf}w
/L;x
fos d
xfk|j
Gws
czf
]s c
u|jfn
;+rfn
s
lk=c
f/= ld
>k|d
'v s
fo{sf/L clws[t÷
;+rfn
s
P;=a
L= df
ogfs
;+rfn
s
/fh]Gb
| cof
{n;+r
fns
P;=s
]= /f ‘o
cWo
If
;+nUg
k|lta]b
gsf] cfwf/df
l;P=
P;=
l;= n
fnlk|lG;
knP;
=l;=
nfn
P08
P;f
]l;P6
rf6{8{ P
sfp
06]06
;\
cg
';"r
L – !
!h
Ljg
aLd
f sf]if
qm=
;+=
aLdf
sf] ls
l;d
;df
of]hg
cuf8L
sf] hLjg
aLdf
sf]if -jif{s
f] z'?d
f_gfkmf
gf]S;
fglx;faa
f6 ;
f/]sf]
cfo Joo
lx;
faaf6
;f/]sf]
hu]8
f sf]ifaf6
;f/]sf]
hLj
g a
Ldf s
f]ifd
f ;d
fof]h
g
o; j
if{ut
jif{
o; j
if{ut
jif{
o; j
if{ut
jif{
1;f
jlws
2clu|d
e'Qmfg
L ;f
jlws
3?k
fGtl/t
;fjlws
4cf
hLjg
5Do
fbL
6ljz]if
DofbL
7cGo
hLjg
aLdf
-Ps
n aLdf
z'Ns
_
hDd
f
qm=;
+=aLdf
sf] ls
l;d
;dfof]h
g cu
f8Ls
f] hLjg aLd
f sf]if
-jif{s
f] cGTo
df_
aLdf
n]v c
Gtu{t
bflo
Tjgfkmf gf]S;
fg lx;
fadf
;f/]sf]
;f]Ne]G;
L df
lh{gs
f] nflu
Joj
:yf
jif{s
f] cGTod
f hLjg
aLdf
sf]if
af“8k
mf“8 g
ul/P
sf] /s
daf]g;
sf] nflu
Joj
:yf
;dfof]hg
cuf8Lsf] hLjg
aLdfsf]if -jif{sf] cGTo
df_
o; j
if{ut
jif{
o; j
if{ut
jif{
o; j
if{ut
jif{
o; j
if{ut
jif{
o; j
if{ut
jif{
1;f
jlws
2clu|d
e'Qmfg
L ;f
jlws
3?k
fGtl/t
;fjlws
4cf
hLjg
5Do
fbL
6ljz]if
DofbL
7cG
o hL
jg a
Ldf -P
sn aLdf
z'Ns
_
hDd
f
4,370
,570
,148
3,4
93,1
24,1
00
1,06
4,5
40,
137
865
,222
,896
199,
141
--
-5,
435
,309
,426
4,3
58,3
46,
997
1,804
,607
,804
1,406
,672
,582
527,
263,
993
459
,658
,917
91,7
59-
-
-
2,33
1,96
3,55
61,
866
,331
,498
2,59
7,74
5,64
61,
674
,703
,121
1,429
,471
,554
1,06
6,19
2,54
413
4,3
44
--
-4,0
27,351
,544
2,74
0,895
,666
97,6
57,8
1856
,825
,576
104
,633
,511
42,
885,
815
4,9
05-
-
-
202,
296,
235
99,7
11,3
91
9,60
3,823
5,13
9,803
9,24
4,6
82
5,11
5,03
855
4-
-
-
18,8
49,
059
10,2
54,8
41
7,415
,003
3,91
5,53
82,
392,
808
1,95
0,75
130
7-
-
-
9,808
,118
5,866
,289
18,7
42,
702
11,0
87,
920
14,1
54,8
647,
996,
388
960
--
-32
,898
,526
19,0
84
,307
8,9
06,3
42,
944
8,9
06,3
42,
944
8,9
06,3
42,
944
8,9
06,3
42,
944
8,9
06,3
42,
944
6,65
1,4
68,6
41
6,65
1,4
68,6
41
6,65
1,4
68,6
41
6,65
1,4
68,6
41
6,65
1,4
68,6
41
3,15
1,70
1,54
93,
151,
701,
549
3,15
1,70
1,54
93,
151,
701,
549
3,15
1,70
1,54
92,
44
9,02
2,34
92,
44
9,02
2,34
92,
44
9,02
2,34
92,
44
9,02
2,34
92,
44
9,02
2,34
94
31,9
714
31,9
714
31,9
714
31,9
714
31,9
71-
-
-
12,0
58,4
76,4
6412
,058
,476
,464
12,0
58,4
76,4
6412
,058
,476
,464
12,0
58,4
76,4
649,
100
,490
,98
99,
100
,490
,98
99,
100
,490
,98
99,
100
,490
,98
99,
100
,490
,98
9
5,4
35,3
09,4
26
4,3
58,3
46,9
97
98,7
65,9
36
(12,2
23,1
51)
3,9
90,1
65,9
43
3,4
90,5
80,5
93
2,3
31,9
63,5
56
1,8
66,3
31,4
98
70,321,5
01
61,7
23,6
94
1,4
74,2
26,2
16
1,1
06,9
33,8
05
4,0
27,3
51,5
44
2,7
40,8
95,6
66
100,5
93,0
10
143,1
50,0
20
2,1
61,3
94,3
57
994
,518,5
76
202,2
96,2
34
99,7
11,3
91
8,4
27,3
78
2,0
53,5
73
84
,618,5
02
34,0
84,8
20
18,8
49,0
59
10,2
54,8
41
2,7
47,4
57
651,0
18
--
9,8
08,1
18
5,8
66,2
89
1,1
62,2
25
(1,5
48,7
14)
1,7
91,9
08
21,2
80,7
14
32,8
98,5
26
19,0
84,3
07
831,5
97
34
1,6
05
16,8
22,3
77
8,7
53,1
68
12
,05
8,4
76,4
64
12
,05
8,4
76,4
64
12
,05
8,4
76,4
64
12
,05
8,4
76,4
64
12
,05
8,4
76,4
64
9,1
00
,49
0,9
89
9,1
00
,49
0,9
89
9,1
00
,49
0,9
89
9,1
00
,49
0,9
89
9,1
00
,49
0,9
89
28
2,8
49
,10
42
82
,84
9,1
04
28
2,8
49
,10
42
82
,84
9,1
04
28
2,8
49
,10
419
4,1
48
,04
519
4,1
48
,04
519
4,1
48
,04
519
4,1
48
,04
519
4,1
48
,04
57
,72
9,0
19
,30
37
,72
9,0
19
,30
37
,72
9,0
19
,30
37
,72
9,0
19
,30
37
,72
9,0
19
,30
35
,65
6,1
51,6
76
5,6
56,1
51,6
76
5,6
56,1
51,6
76
5,6
56,1
51,6
76
5,6
56,1
51,6
76
o; j
if{{ut
jif{{
o; j
if{{ut
jif{{
o; j
if{{ut
jif{{
o; j
if{ut
jif{{
331,6
26,1
16
311,3
44,6
07
--
283,4
49
(310,7
52,3
32)
5,3
36,5
43,4
90
4,3
70,5
70,1
48
172,0
92,1
09
170,1
65,1
22
--
121,3
88,8
54
84
,881,7
63
2,2
61,6
42,0
56
1,8
04
,607,8
04
410,9
58,9
47
372,3
14,4
71
--
(23,9
05,6
32)
236,2
91,0
72
3,9
26,7
58,5
33
2,5
97,7
45,6
46
22,1
33,8
43
16,0
58,0
28
--
(10,6
20,1
59)
4,2
86,6
23
193,8
68,8
57
97,6
57,8
18
--
--
8,6
43,4
41
4,5
80,8
23
16,1
01,6
01
9,6
03,8
23
--
--
5,0
56,0
91
(15,7
04
,84
7)
8,6
45,8
93
7,4
15,0
03
--
--
1,6
84
,218
2,0
69,9
39
32,0
66,9
30
18,7
42,7
02
936,8
11,0
15
936,8
11,0
15
936,8
11,0
15
936,8
11,0
15
936,8
11,0
15
869
,88
2,2
28
869
,88
2,2
28
869
,88
2,2
28
869
,88
2,2
28
869
,88
2,2
28
--
10
2,5
30
,262
10
2,5
30
,262
10
2,5
30
,262
10
2,5
30
,262
10
2,5
30
,262
5,6
53,0
41
5,6
53,0
41
5,6
53,0
41
5,6
53,0
41
5,6
53,0
41
11,7
75,6
27,3
60
11,7
75,6
27,3
60
11,7
75,6
27,3
60
11,7
75,6
27,3
60
11,7
75,6
27,3
60
8,9
06,3
42,9
44
8,9
06,3
42,9
44
8,9
06,3
42,9
44
8,9
06,3
42,9
44
8,9
06,3
42,9
44
62
CIL 12th ANNUAL REPORT12th ANNUAL REPORT
As
per
our
repo
rt o
f ev
en d
ate
CA
. S
.C.
Lal
Pri
nci
pa
l
Fo
r S
.C.
La
l &
Ass
oci
ate
s
Cha
rter
ed A
ccou
ntan
ts
Bip
in K
um
ar
Lal
Sr.
Fin
ance
Off
icer
V.K
. K
ukre
jaD
ire
cto
r
Raje
sh K
um
ar
Ch
ou
dh
ary
Ass
t. G
en
era
l M
an
ag
er
Ash
ok
Ag
raw
al
Dir
ect
or
P.R
. M
ish
raC
EO
/Dir
ecto
r
S.B
. M
ain
ak
Dir
ect
or
Ra
jen
dra
Ary
al
Dir
ecto
r
S.K
. R
oy
Ch
air
ma
n
LIFE
INSU
RA
NC
E F
UN
D
Sch
ed
ule
-
11
Sch
ed
ule
-
11
Sch
ed
ule
-
11
Sch
ed
ule
-
11
Sch
ed
ule
-
11
Cur
rent
Yea
rP
revi
ous
Yea
rC
urre
nt Y
ear
Pre
viou
s Y
ear
Cur
rent
Yea
r P
revi
ous
Yea
rC
urre
nt Y
ear
Pre
viou
s Y
ear
Cur
rent
Yea
rP
revi
ous
Yea
r
1E
ndow
men
t2
Ant
icip
ated
End
owm
ent
3M
odifi
ed E
ndow
men
t4
Who
le L
ife P
olic
y5
Term
Ins
uran
ce P
olic
y6
Spe
cial
Ter
m P
olic
y7
Othe
r Life
Insu
rance
(End
owme
nt Si
ngle
Prem
ium)
Tota
lTyp
es o
f In
sura
nce
Life
Insu
ranc
e Fun
d B
efor
e Adj
ustm
ent
(Beg
inni
ng o
f the
Yea
r)Tr
ansf
erre
d F
rom
pro
fit
& L
oss
A/C
Tran
sfer
red
Fro
m
Rev
enu
e A
cco
un
t
Lif
e In
sura
nce
Fu
nd
Bef
ore
Ad
just
men
t (E
nd
of t
he
Yea
r)S
.N.
Ad
just
me
nt
in
Life
In
sura
nc
e F
un
d
Typ
es o
f In
sura
nce
Life
Insu
ranc
e Fu
nd B
efor
e A
djus
tmen
t (En
d o
f the
Yea
r)L
iab
iliti
es U
nd
er P
olic
yTr
ansf
erre
d T
o P
rofi
t &
Lo
ss A
cco
un
tS
.N.
Cu
rren
t Yea
rP
revi
ou
s Y
ear
Cu
rren
t Yea
rP
revi
ou
s Y
ear
Cu
rren
t Yea
rP
revi
ou
s Y
ear
Cu
rren
t Yea
rP
revi
ou
s Y
ear
331,
626,
116
311,
344,
607
--
283,
449
(310
,752
,332
)5,
336,
543,
490
4,37
0,57
0,14
8
172,
092,
109
170,
165,
122
--
121,
388,
854
84,8
81,7
632,
261,
642,
056
1,80
4,60
7,80
4
410,
958,
947
372,
314,
471
--
(23,
905,
632)
236,
291,
072
3,92
6,75
8,53
32,
597,
745,
646
22,1
33,8
4316
,058
,028
--
(10,
620,
159)
4,28
6,62
319
3,86
8,85
797
,657
,818
--
--
8,64
3,44
14,
580,
823
16,1
01,6
019,
603,
823
--
--
5,05
6,09
1(1
5,70
4,84
7)8,
645,
893
7,41
5,00
3
--
--
1,68
4,21
82,
069,
939
32,0
66,9
3018
,742
,702
936,
811,
015
869,
882,
228
--
102,
530,
262
5,65
3,04
111
,775
,627
,360
8,90
6,34
2,94
4
Pro
visi
on
fo
r S
olv
ency
Mar
gin
Lif
e in
sura
nce
Fu
nd
at t
he
En
d o
f th
eYea
rU
nal
loca
ted
Am
ou
nt
Pro
visi
on
fo
r B
on
us
Tran
sfer
red
Fro
m
Res
erve
& s
urp
lus
4,37
0,57
0,14
83,
493,
124,
100
1,06
4,54
0,13
786
5,22
2,89
619
9,14
1-
--
5,43
5,30
9,42
64,
358,
346,
997
1,80
4,60
7,80
41,
406,
672,
582
527,
263,
993
459,
658,
917
91,7
59-
--
2,33
1,96
3,55
71,
866,
331,
498
2,59
7,74
5,64
61,
674,
703,
121
1,42
9,47
1,55
41,
066,
192,
544
134,
344
--
-4,
027,
351,
543
2,74
0,89
5,66
697
,657
,818
56,8
25,5
7610
4,63
3,51
142
,885
,815
4,90
5-
--
202,
296,
235
99,7
11,3
919,
603,
823
5,13
9,80
39,
244,
682
5,11
5,03
855
4-
--
18,8
49,0
5910
,254
,841
7,41
5,00
33,
915,
538
2,39
2,80
81,
950,
751
307
--
-9,
808,
118
5,86
6,28
918
,742
,702
11,0
87,9
2014
,154
,864
7,99
6,38
896
0-
--
32,8
98,5
2719
,084
,307
8,90
6,34
2,94
46,
651,
468,
641
3,15
1,70
1,54
92,
449,
022,
349
431,
971
--
-12
,058
,476
,464
9,10
0,49
0,98
9
Cu
rren
t Yea
rP
revi
ou
s Y
ear
Cu
rren
t Yea
rP
revi
ou
s Y
ear
Cu
rren
t Yea
rP
revi
ou
s Y
ear
1E
ndow
men
t2
Ant
icip
ated
End
owm
ent
3M
odifi
ed E
ndow
men
t4
Who
le L
ife P
olic
y5
Term
Insu
ranc
e P
olic
y6
Spe
cial
Ter
m P
olic
y7
Oth
er L
ife In
sura
nce
(End
owm
ent S
ingl
e Pr
emiu
m)
Tota
l
5,43
5,30
9,42
64,
358,
346,
997
98,7
65,9
36(1
2,22
3,15
1)3,
990,
165,
943
3,49
0,58
0,59
32,
331,
963,
557
1,86
6,33
1,49
870
,321
,501
61,7
23,6
941,
474,
226,
216
1,10
6,93
3,80
54,
027,
351,
543
2,74
0,89
5,66
610
0,59
3,01
014
3,15
0,02
02,
161,
394,
357
994,
518,
576
202,
296,
235
99,7
11,3
918,
427,
378
2,05
3,57
384
,618
,502
34,0
84,8
2018
,849
,059
10,2
54,8
412,
747,
457
651,
018
--
9,80
8,11
85,
866,
289
1,16
2,22
5(1
,548
,714
)1,
791,
908
21,2
80,7
1432
,898
,527
19,0
84,3
0783
1,59
734
1,60
516
,822
,377
8,75
3,16
8
12,0
58,4
76,4
649,
100,
490,
989
282,
849,
104
194,
148,
045
7,72
9,01
9,30
35,
656,
151,
676
63
CIL!@cf}+ jflif{s k|ltj]bg!@cf}+ jflif{s k|ltj]bgcg';"rL – !@
Joj:yf lkmtf{
cg';"rL – !#ckn]vg vr{x?
cg';"rL – !# -s_z]o/ ;DaGwL vr{
1 z]o/ lgZsf;g vr{ 691,358 - .
2 z]o/ /lhi6«]zg vr{ 145,500 - .
3 z]o/ ;"lrs/0f vr{ 476,250 50,000
4 nfef+z ljt/0f vr{ - . - .
5 z]o/ ;DaGwL cGo vr{ - . - .
hDdf 1,313,1081,313,1081,313,1081,313,1081,313,108 50,00050,00050,00050,00050,000
qm=;+= ljj/0f o; jif{ ut jif{
1 nufgLdf gf]S;fgLsf] nflu Joj:yf lkmtf{ 11,905,626 134,479
2 shf{df gf]S;fgLsf] nflu Joj:yf lkmtf{ - –ss 3 z+sf:kb cf;fdL Joj:yf lkmtf{ - –ss 4 cGo Joj:yf lkmtf{ - –ss
hDdf 11,905,62611,905,62611,905,62611,905,62611,905,626 134,479134,479134,479134,479134,479
qm=;+= ljj/0f o; jif{ ut jif{
1 k|f/lDes vr{x? – = –sss 2 k"j{ ;+rfng vr{x? – = –sss 3 k/ ;fl/Psf vr{x? – = –sss 4 ckn]vg ul/Psf] nufgL – = –sss 5 ckn]vg ul/Psf] shf{ 35,484 1,608 .
6 ckn]vg ul/Psf] cf;fdL – = –sss 7 cGo ckn]vg – = –sss
hDdf 35,48435,48435,48435,48435,484 1,608 1,608 1,608 1,608 1,608 .....
qm=;+= ljj/0f o; jif{ ut jif{
ljlkg s'df/ nfna= ljQ clws[t
le=s]= s's\/]hf;+rfns
/fh]z s'df/ rf}w/L;xfos dxfk|jGws
czf]s cu|jfn;+rfns
lk=cf/= ld>k|d'v sfo{sf/L clws[t÷;+rfns
P;=aL= dfogfs;+rfns
/fh]Gb| cof{n;+rfns
P;=s]= /f‘ocWoIf
;+nUg k|lta]bgsf] cfwf/df
l;P= P;=l;= nfnlk|lG;knP;=l;= nfn P08 P;f]l;P6rf6{8{ Psfp06]06;\
64
CIL 12th ANNUAL REPORT12th ANNUAL REPORT
S.N. Particulars Current Year Previous Year
1 Provision For Loss on Investment Written Back 11,905,626. 134,479
2 Provision For Loss on Loan Written Back - . -
3 Provision For Doubtful Debt Written Back - . -
4 Other Provision Written Back - . -
TOTAL 11,905,626 134,479
Schedule - 12Schedule - 12Schedule - 12Schedule - 12Schedule - 12
Provision Written Back
S.N. Particulars Current Year Previous Year
1 Preliminary Expenses - . -
2 Pre-operating Expenses - . -
3 Deferred Expenses - . -
4 Investment Written Off - . -
5 Loan Written Off 35,484 . 1,608
6 Debtors Written Off - . -
7 Other Written Off - . -
Total 35,484 . 1,608
Schedule - 13Schedule - 13Schedule - 13Schedule - 13Schedule - 13
Written Off Expenditure
S.N. Particulars Current Year Previous Year
1 Share Issuing Expenses 691,358 - .
2 Share Registration Expenses 145,500 - .
3 Share Listing Expenses 476,250 50,000
4 Dividend Distribution Expenses - . - .
5 Other Expenses (Share Related) - . - .
Total 1,313,108 50,000
Schedule - 13 (A)Schedule - 13 (A)Schedule - 13 (A)Schedule - 13 (A)Schedule - 13 (A)
Expenses Related to Shares
As per our report of even date
CA. S.C. LalPrincipal
For S.C. Lal & Associates
Chartered Accountants
Bipin Kumar LalSr. Finance Officer
V.K. KukrejaDirector
Rajesh Kumar ChoudharyAsst. General Manager
Ashok AgrawalDirector
P.R. MishraCEO/Director
S.B. MainakDirector
Rajendra AryalDirector
S.K. RoyChairman
65
CIL!@cf}+ jflif{s k|ltj]bg!@cf}+ jflif{s k|ltj]bg
cg';"rL – !^-s_ z]o/ k"“hL
qm=;+= ljj/0f o; jif{ ut jif{
1 clws[t k"“hLs_ ¿= !)) b/sf] %)^,@%),))) yfg ;fwf/0f z]o/v_ ¿= ========= b/sf] ====== yfg ckl/jt{gLo cu|flwsf/ z]o/u_ ¿= ========= b/sf] ====== yfg kl/jt{gLo cu|flwsf/ z]o/
2 hf/L k"“hLs_ ¿= !)) b/sf] $)%,))),))) yfg ;fwf/0f z]o/v_ ¿= ========= b/sf] ====== yfg ckl/jt{gLo cu|flwsf/ z]o/u_ ¿= ========= b/sf] ====== yfg kl/jt{gLo cu|flwsf/ z]o/
3 r'Qmf k"“hLs_ ¿= !)) b/sf] $)%,))),))) yfg ;fwf/0f z]o/s_ Go"g e'QmfgL k|fKt x'g af“sL ¿= ========= b/sf] ====== yfg ;fwf/0f z]o/v_ ¿= ========= b/sf] ====== yfg ckl/jt{gLo cu|flwsf/ z]o/u_ ¿= ========= b/sf] ====== yfg kl/jt{gLo cu|flwsf/ z]o/
hDdf
506,250,000 250,000,000
- . - .
- . - .
405,000,000 250,000,000
- . - .
- . - .
405,000,000 250,000,000
- . - .
- . - .
- . - .
405,000,000405,000,000405,000,000405,000,000405,000,000 250,000,000250,000,000250,000,000250,000,000250,000,000
cg';"rL – !%gf]S;fgLsf] nflu Joj:yf
1 nufgLdf gf]S;fgLsf] nflu Joj:yf - -
2 shf{df gf]S;fgLsf] nflu Joj:yf - -
3 z+sf:kb cf;fdL Joj:yf - -
4 cGo Joj:yf - -
hDdf - -
qm=;+= ljj/0f o; jif{ ut jif{
cg';"rL – !$cGo vr{x?
1 b08 hl/jfgf - -
2 ljnDa z'Ns hl/jfgf - -
3 cGo - -
hDdf - -
qm=;+= ljj/0f o; jif{ ut jif{
ljlkg s'df/ nfna= ljQ clws[t
le=s]= s's\/]hf;+rfns
/fh]z s'df/ rf}w/L;xfos dxfk|jGws
czf]s cu|jfn;+rfns
lk=cf/= ld>k|d'v sfo{sf/L clws[t÷;+rfns
P;=aL= dfogfs;+rfns
/fh]Gb| cof{n;+rfns
P;=s]= /f‘ocWoIf
;+nUg k|lta]bgsf] cfwf/df
l;P= P;=l;= nfnlk|lG;knP;=l;= nfn P08 P;f]l;P6rf6{8{ Psfp06]06;\
66
CIL 12th ANNUAL REPORT12th ANNUAL REPORTSchedule - 14Schedule - 14Schedule - 14Schedule - 14Schedule - 14
Other Expenditures
S.N. Particulars Current Year Previous Year
1 Authorised Capital
A) 506,250,000 Equity Shares worth Rs. 100/- Each 506,250,000 250,000,000
B) …………. Non Reedeemable Preferred worth Rs. …. Each - . - .
C) …………. Reedeemable Preferred worth Rs. …. Each - . - .
2 Isssued Capital
A) 405,000,000 Equity Shares worth Rs. 100/- Each 405,000,000 250,000,000
B) …………. Non Reedeemable Preferred worth Rs. …. Each - . - .
C) …………. Reedeemable Preferred worth Rs. …. Each - . - .
3 Paid up Capital
A) 405,000,000 Equity Shares worth Rs. 100/- Each 405,000,000 250,000,000
Less: Receivable Paid up ….. Shares worth ….
B) …………. Non Reed eemable Preferred worth Rs. …. Each - . - .
C) …………. Reedeemable Preferred worth Rs. …. Each - . - .
Total 405,000,000 250,000,000
S.N. Particulars Current Year Previous Year
1 Provision For loss on Investment - -
2 Provision For loss on loan - -
3 Provision For Doubtful Debt - -
4 Other Provision - -
Total - -
S.N. Particulars Current Year Previous Year
1 Fine & Penalties - -
2 Late Fee & Fine - -
3 Other - -
Total - -
Schedule - 15Schedule - 15Schedule - 15Schedule - 15Schedule - 15
Provision for Losses
Schedule - 16Schedule - 16Schedule - 16Schedule - 16Schedule - 16
(A) Share Capital
As per our report of even date
CA. S.C. LalPrincipal
For S.C. Lal & Associates
Chartered Accountants
Bipin Kumar LalSr. Finance Officer
V.K. KukrejaDirector
Rajesh Kumar ChoudharyAsst. General Manager
Ashok AgrawalDirector
P.R. MishraCEO/Director
S.B. MainakDirector
Rajendra AryalDirector
S.K. RoyChairman
67
CIL!@cf}+ jflif{s k|ltj]bg!@cf}+ jflif{s k|ltj]bg
g]kfnL ;+ul7t ;+:yfx? 1,012,500 25% 625,000 25%
g]kfnL gful/s - .= - . - .= - .
ljb]zL 2,227,500 55% 1,375,000 55%
hDdf 3,240,000 80% 2,000,000 80%
;j{;fwf/0f 810,000 20% 500,000 20%
cGo
s"n 4,050,0004,050,0004,050,0004,050,0004,050,000 100100100100100% 2,500,0002,500,0002,500,0002,500,0002,500,000 100100100100100%
z]o/wgLo; jif{ ut jif{
;fwf/0f z]o/ ;+Vof :jfldTjsf] % ;fwf/0f z]o/ ;+Vof :jfldTjsf] %
cg';"rL – !&hu]8f tyf sf]if
cg';"rL – !^-v_ z]o/ :jfldTjsf] ;+/rgf
;+:yfks
qm=;+= ljj/0f o; jif{ ut jif{
1 :yug s/ hu]8 3,619,696 - .
2 k"“hLut hu]8f - . - .
3 ljz]if hu]8f - . - .
4 cGo hu]8f - . - .
5 z]o/ lk|ldod - . - .
6 k|:tfljt af]gz z]o/ 151,875,000 155,000,000
7 k"“hLs[t x'g af“sL af]g; z]o/ - . - .
8 gfkmf gf]S;fg lx;faaf6 ;f/]sf] gfkmf 117,002,306 3,576,178
hDdf 272,497,002272,497,002272,497,002272,497,002272,497,002 158,576,178158,576,178158,576,178158,576,178158,576,178
1 ef/tLo hLjg aLdf lgud 55% 222,750,000 55% 137,500,000
2 lazfn u|'k 25% 101,250,000 25% 62,500,000
ljj/0fo; jif{
:jfldTjsf] %qm=;+=
/sd
-u_ Ps k|ltzt jf a9L z]o/ :jfldTj ePsf z]o/wgLx?sf] ljj/0f
ut jif{
:jfldTjsf] % /sd
ljlkg s'df/ nfna= ljQ clws[t
le=s]= s's\/]hf;+rfns
/fh]z s'df/ rf}w/L;xfos dxfk|jGws
czf]s cu|jfn;+rfns
lk=cf/= ld>k|d'v sfo{sf/L clws[t÷;+rfns
P;=aL= dfogfs;+rfns
/fh]Gb| cof{n;+rfns
P;=s]= /f‘ocWoIf
;+nUg k|lta]bgsf] cfwf/df
l;P= P;=l;= nfnlk|lG;knP;=l;= nfn P08 P;f]l;P6rf6{8{ Psfp06]06;\
68
CIL 12th ANNUAL REPORT12th ANNUAL REPORT
S.N. Particulars Current Year Previous Year
1 Deferred Tax Reserve 3,619,696 - ..
2 Capital reserve - . - ..
3 Special reserve - . - ..
4 Other reserve (Details) - . - ..
5 Share premium - . - ..
6 Proposed Bonus Share 151,875,000 155,000,000
7 Uncapitalized Bonus Share - . - ..
8 Profit transferred from Profit and Loss A/c 117,002,306 3,576,178
Total 272,497,002 158,576,178
Schedule - 17Schedule - 17Schedule - 17Schedule - 17Schedule - 17
Reserve and Surplus
1 Life Insurance Corporation of India 55% 222,750,000 55% 137,500,000
2 Vishal Group (Nepal) 25% 101,250,000 25% 62,500,000
ParticularCurrent Year Previous Year
% of ownershipS.N.
Amount % of ownership Amount
C. Details having one or more than one percentage of Shares
Schedule - 16Schedule - 16Schedule - 16Schedule - 16Schedule - 16
B. Ownership Structure of Share
Promotor
Nepali Organised institution 1,012,500 25% 625,000 25%
Nepalese citizen - . - . -aaa -aa
Foreigner 2,227,500 55% 1,375,000 55%
Total 3,240,000 80% 2,000,000 80%
General public 810,000 20% 500,000 20%
Other
Total 4,050,000 100% 2,500,000 100%
Share HolderCurrent Year Previous Year
No. of equity share % of ownership No. of ordinary share % of ownership
As per our report of even date
CA. S.C. LalPrincipal
For S.C. Lal & Associates
Chartered Accountants
Bipin Kumar LalSr. Finance Officer
V.K. KukrejaDirector
Rajesh Kumar ChoudharyAsst. General Manager
Ashok AgrawalDirector
P.R. MishraCEO/Director
S.B. MainakDirector
Rajendra AryalDirector
S.K. RoyChairman
69
CIL!@cf}+ jflif{s k|ltj]bg!@cf}+ jflif{s k|ltj]bgcg';"rL – !*
dxf–ljklQ hu]8f
- - - - - -
- - - - - -
- - - - - -
- - - - - -
jif{sf] z'?df dxf–ljklQ hu]8f
o; jif{ ut jif{
gfkmf gf]S;fg lx;faaf6 ;f/]sf] jif{sf] cGTodf dxf–ljklQ hu]8f
o; jif{ ut jif{ o; jif{ ut jif{
!= l8j]Gr/÷a08 -sss -sss@= a}+s -sss -sss#= ljlQo ;+:yf -sss -sss$= cGo -ljj/0f v'nfpg]_ -sss -sss
hDdf -sss -sss
cg';"rL – !(ltg{ af““sL bL3{sflng C0f tyf ;fk6L
qm=;+= ljj/0f o; jif{ ut jif{
ljlkg s'df/ nfna= ljQ clws[t
le=s]= s's\/]hf;+rfns
/fh]z s'df/ rf}w/L;xfos dxfk|jGws
czf]s cu|jfn;+rfns
lk=cf/= ld>k|d'v sfo{sf/L clws[t÷;+rfns
P;=aL= dfogfs;+rfns
/fh]Gb| cof{n;+rfns
P;=s]= /f‘ocWoIf
;+nUg k|lta]bgsf] cfwf/df
l;P= P;=l;= nfnlk|lG;knP;=l;= nfn P08 P;f]l;P6rf6{8{ Psfp06]06;\
70
CIL 12th ANNUAL REPORT12th ANNUAL REPORT
- - - - - -
- - - - - -- - - - - -
- - - - - -
Catastrophe Reserve at the Beginning of the Year Transferred from P & L A/c Catastrophe Reserve at the End of the Year
Catastrophe Reserve
Current Year Previous Year Current Year Previous Year Current Year Previous Year
Schedule - 18Schedule - 18Schedule - 18Schedule - 18Schedule - 18
S.N. Particulars Current Year Previous Year
1 Debenture/Bond -aaaaaaaaaaaaaaa -
2 Bank -aaaaaaaaaaaaaaa -
3 Financial Institution -aaaaaaaaaaaaaaa -
4 Others (Detail to be disclosed) -aaaaaaaaaaaaaaa -
Total -aaaaaaaaaaaaaaa -
Schedule - 19Schedule - 19Schedule - 19Schedule - 19Schedule - 19
Long Term Loan and Borrowing
As per our report of even date
CA. S.C. LalPrincipal
For S.C. Lal & Associates
Chartered Accountants
Bipin Kumar LalSr. Finance Officer
V.K. KukrejaDirector
Rajesh Kumar ChoudharyAsst. General Manager
Ashok AgrawalDirector
P.R. MishraCEO/Director
S.B. MainakDirector
Rajendra AryalDirector
S.K. RoyChairman
71
CIL!@cf}+ jflif{s k|ltj]bg!@cf}+ jflif{s k|ltj]bg
ljlk
g s
'df/ n
fna=
ljQ
clws[t
le=s
]= s's
\/]hf
;+rfn
s
/fh]z
s'df
/ rf}w
/L;x
fos d
xfk|j
Gws
czf
]s c
u|jfn
;+rfn
s
lk=c
f/= ld
>k|d
'v s
fo{sf/L clws[t÷
;+rfn
s
P;=a
L= df
ogfs
;+rfn
s
/fh]Gb
| cof
{n;+r
fns
P;=s
]= /f ‘o
cWo
If
;+nUg
k|lta]b
gsf] cfwf/df
l;P=
P;=
l;= n
fnlk|lG;
knP;
=l;=
nfn
P08
P;f
]l;P6
rf6{8{ P
sfp
06]06
;\
cg
';"r
L – @
)l:
y/
;Dk
QL
¥x|f;
s§L
ut j
if{;Dd
o; j
if{Uft
jif{;
Ddsf]
-
.
-
.
-
.
-
.
183,6
92,3
95
183,6
92,3
95
-
.
54
,339
-
.
54
,339
1,0
82,2
61
-
.
3,1
20,8
35
1,2
23,8
60
107,4
27
4
,237,2
68
4,8
38,2
10
3,7
73,5
34
1,3
94
,323
292,0
52
21,1
09
1,6
65,2
65
872,9
24
1,1
35,9
50
5,1
17,5
51
1,6
76,0
75
1,2
21,2
80
5,5
72,3
46
6,2
58,2
81
5,7
23,7
90
303,7
30
8,9
15
-
.
312,6
45
398,2
29
19,7
39
9,5
64
,514
2,9
16,5
04
83,0
15
12,3
98,0
02
12,1
09,2
83
12,0
48,2
72
4,2
50,0
39
701,1
44
75,5
84
4,8
75,5
99
2,6
85,7
65
2,5
02,6
60
1,7
56,5
41
421,4
61
105,5
95
2,0
72,4
07
1,4
01,9
80
1,3
53,0
47
25,5
07,5
33
25,5
07,5
33
25,5
07,5
33
25,5
07,5
33
25,5
07,5
33
7,2
94
,350
7,2
94
,350
7,2
94
,350
7,2
94
,350
7,2
94
,350
1,6
14
,010
1,6
14
,010
1,6
14
,010
1,6
14
,010
1,6
14
,010
31,1
87,8
71
31,1
87,8
71
31,1
87,8
71
31,1
87,8
71
31,1
87,8
71
213,3
39,3
28
213,3
39,3
28
213,3
39,3
28
213,3
39,3
28
213,3
39,3
28
210
,24
9,3
87
210
,24
9,3
87
210
,24
9,3
87
210
,24
9,3
87
210
,24
9,3
87
-
.
-
.
--
-
-
-
- .... .
476,6
33
-
.
25,5
07,5
33
25,5
07,5
33
25,5
07,5
33
25,5
07,5
33
25,5
07,5
33
7,2
94
,350
7,2
94
,350
7,2
94
,350
7,2
94
,350
7,2
94
,350
1,6
14
,010
1,6
14
,010
1,6
14
,010
1,6
14
,010
1,6
14
,010
31,1
87,8
71
31,1
87,8
71
31,1
87,8
71
31,1
87,8
71
31,1
87,8
71
213,8
15,9
61
213,8
15,9
61
213,8
15,9
61
213,8
15,9
61
213,8
15,9
61
210
,24
9,3
87
210
,24
9,3
87
210
,24
9,3
87
210
,24
9,3
87
210
,24
9,3
87
21,5
51,3
98
21,5
51,3
98
21,5
51,3
98
21,5
51,3
98
21,5
51,3
98
5,8
60
,261
5,8
60
,261
5,8
60
,261
5,8
60
,261
5,8
60
,261
1,9
04
,126
1,9
04
,126
1,9
04
,126
1,9
04
,126
1,9
04
,126
25,5
07,5
33
25,5
07,5
33
25,5
07,5
33
25,5
07,5
33
25,5
07,5
33
210
,24
9,3
87
210
,24
9,3
87
210
,24
9,3
87
210
,24
9,3
87
210
,24
9,3
87
20
,893,0
70
20
,893,0
70
20
,893,0
70
20
,893,0
70
20
,893,0
70
o; j
if{;Dd
sf]
v"b
df]n
laqmL÷
;df
of]hg
hDd
f
ljj/
0fk/
n d
f]n
z'?
df}Hb
fto;
jif{
yk]sf]
o; j
if{ 36]s
f]
hldg
ejg
kmlg{r/
tyf lkmS;\r
;{sfof{n
o ;f
dfg
sDKo"6
/ ty
f ;"r
gf k
|ljwL p
ks/0
fcb[Z
o ;D
kQL
;jf/L ;f
wgln
h x
f]N8 ;
DkQL
cGo
-k|s
[lt v
'nfp
g]_hDd
flgdf
{0fflw
g k"“h
Lut
vr{
s"n
ut j
if{
hDd
f
183,6
92,3
95
-
.
-
.
183,6
92,3
95
-
.
1,1
36,6
00
-
.
1,1
36,6
00
6,8
93,2
68
2,3
48,3
66
166,1
56
9,0
75,4
78
2,5
43,1
44
18,6
45
23,6
00
2,5
38,1
89
10,8
40,3
96
2,4
27,0
89
1,4
36,8
58
11,8
30,6
27
323,4
69
387,4
05
-
.
710,8
74
21,6
12,7
85
3,0
00,0
00
105,5
00
24
,507,2
85
6,7
53,8
01
88
8,4
65
80,9
02
7,5
61,3
64
3,0
97,6
62
531,0
35
154,3
10
3,4
74,387
235,7
56,9
20
235,7
56,9
20
235,7
56,9
20
235,7
56,9
20
235,7
56,9
20
10
,737,6
04
10
,737,6
04
10
,737,6
04
10
,737,6
04
10
,737,6
04
1,9
67,3
26
1,9
67,3
26
1,9
67,3
26
1,9
67,3
26
1,9
67,3
26
24
4,5
27,1
99
24
4,5
27,1
99
24
4,5
27,1
99
24
4,5
27,1
99
24
4,5
27,1
99
-
.
476,6
33
-
.
476,6
33
235,7
56,9
20
235,7
56,9
20
235,7
56,9
20
235,7
56,9
20
235,7
56,9
20
11,2
14
,237
11,2
14
,237
11,2
14
,237
11,2
14
,237
11,2
14
,237
1,9
67,3
26
1,9
67,3
26
1,9
67,3
26
1,9
67,3
26
1,9
67,3
26
24
5,0
03,8
32
24
5,0
03,8
32
24
5,0
03,8
32
24
5,0
03,8
32
24
5,0
03,8
32
42,4
44
,468
42,4
44
,468
42,4
44
,468
42,4
44
,468
42,4
44
,468
196,0
34
,421
196,0
34
,421
196,0
34
,421
196,0
34
,421
196,0
34
,421
2,7
21,9
68
2,7
21,9
68
2,7
21,9
68
2,7
21,9
68
2,7
21,9
68
235,7
56,9
20
235,7
56,9
20
235,7
56,9
20
235,7
56,9
20
235,7
56,9
20
72
CIL 12th ANNUAL REPORT12th ANNUAL REPORT
As
per
our
repo
rt o
f ev
en d
ate
CA
. S
.C.
Lal
Pri
nci
pa
l
Fo
r S
.C.
La
l &
Ass
oci
ate
s
Cha
rter
ed A
ccou
ntan
ts
Bip
in K
um
ar
Lal
Sr.
Fin
ance
Off
icer
V.K
. K
ukre
jaD
ire
cto
r
Raje
sh K
um
ar
Ch
ou
dh
ary
Ass
t. G
en
era
l M
an
ag
er
Ash
ok
Ag
raw
al
Dir
ect
or
P.R
. M
ish
raC
EO
/Dir
ecto
r
S.B
. M
ain
ak
Dir
ect
or
Ra
jen
dra
Ary
al
Dir
ecto
r
S.K
. R
oy
Ch
air
ma
n
De
pre
cia
tio
n
Up
to P
revio
us Y
ear
Cu
rren
t Y
ear
Up
to P
revio
us Y
ear
-
.
-
.
-
.
-
.
18
3,6
92
,39
51
83
,69
2,3
95
-
.
54
,33
9-
.
54
,33
91
,08
2,2
61
-
.
3,1
20
,83
51
,22
3,8
60
10
7,4
27
4
,23
7,2
68
4,8
38
,21
03
,77
3,5
35
1,3
94
,32
32
92
,05
22
1,1
09
1,6
65
,26
58
72
,92
41
,13
5,9
51
5,1
17
,55
11
,67
6,0
75
1,2
21
,28
05
,57
2,3
46
6,2
58
,28
15
,72
3,7
90
30
3,7
30
8,9
15
-
.
31
2,6
45
39
8,2
28
19
,73
9
9,5
64
,51
42
,91
6,5
04
83
,01
51
2,3
98
,00
21
2,1
09
,28
31
2,0
48
,27
1
4,2
50
,03
87
01
,14
47
5,5
84
4,8
75
,59
92
,68
5,7
65
2,5
02
,66
0
1,7
56
,54
14
21
,46
11
05
,59
52
,07
2,4
07
1,4
01
,98
01
,35
3,0
47
25
,50
7,5
33
7,2
94
,34
91
,61
4,0
11
31
,18
7,8
71
21
3,3
39
,32
82
10
,24
9,3
87
-
.
-
.
--
-
-
-
- .... .
47
6,6
33
-
.
25
,50
7,5
33
7,2
94
,34
9 1
,61
4,0
11
31
,18
7,8
71
21
3,8
15
,96
12
10
,24
9,3
87
21
,55
1,3
98
5,8
60
,26
11
,90
4,1
26
25
,50
7,5
33
21
0,2
49
,38
72
0,8
93
,07
0
Up
to C
urr
en
t Y
ear
N
et
Pri
ce
Sale
/Ad
justm
en
tTo
tal
Part
icu
lars
Co
st P
rice
Op
en
ing
Bala
nce
Cu
rren
t Y
ear A
dd
itio
nC
urr
en
t Y
ear
Ded
ucti
on
La
nd
Bu
ild
ing
Furn
iture
and F
ixtu
re
Off
ice
Eq
uip
me
nt
Com
pute
r and E
DP
Inta
ng
ible
Asse
ts
Ve
hic
le
Le
ase
Ho
ld A
sse
ts
Oth
er
(N
atu
re m
en
tio
ne
d)
To
tal
Capital E
xpenditure
- W
IP
To
tal
Pre
vio
us Y
ear
To
tal
18
3,6
92
,39
5-
.
-
.
18
3,6
92
,39
5
-
.
1,1
36
,60
0-
.
1,1
36
,60
0
6,8
93
,26
82
,34
8,3
66
16
6,1
56
9,0
75
,47
8
2,5
43
,14
41
8,6
45
23
,60
02
,53
8,1
89
10
,84
0,3
96
2,4
27
,08
91
,43
6,8
58
11
,83
0,6
27
32
3,4
69
38
7,4
05
-
.
71
0,8
74
21
,61
2,7
85
3,0
00
,00
01
05
,50
02
4,5
07
,28
5
6,7
53
,80
18
88
,46
58
0,9
02
7,5
61
,36
4
3,0
97
,66
25
31
,03
51
54
,31
03
,47
4,3
87
23
5,7
56
,92
01
0,7
37
,60
41
,96
7,3
26
24
4,5
27
,19
9
-
.
47
6,6
33
-
.
47
6,6
33
23
5,7
56
,92
011
,21
4,2
37
1,9
67
,32
62
45
,00
3,8
32
42
,44
4,4
68
19
6,0
34
,42
12
,72
1,9
68
23
5,7
56
,92
0
Sch
ed
ule
-
20
Sch
ed
ule
-
20
Sch
ed
ule
-
20
Sch
ed
ule
-
20
Sch
ed
ule
-
20
Fix
ed
Ass
ets
73
CIL!@cf}+ jflif{s k|ltj]bg!@cf}+ jflif{s k|ltj]bg
qm=;+= ljj/0f o; jif{ ut jif{
-s_ bL3{sflng nufgL M
1 ;/sf/L / ;/sf/sf] hdfgt k|fKt ;]So"l/6L
2 jfl0fHo a}+ssf] d'2tL lgIf]k
3 ljsf; a}+ssf] d'2tL lgIf]k
4 gful/s nufgL of]hgf
5 ljlQo ;+:yfsf] d'2tL lgIf]k
6 cfjf; ljQ sDkgLsf] ;fwf/0f z]o/ -cg';"rL @!=! adf]lhd_
7 cGo sDkgLsf] ;fwf/0f z]o/ -cg';"rL @!=! adf]lhd_
8 a}+s tyf ljlQo ;+:yfsf] cu|flwsf/ z]o/÷l8j]Gr/
9 cGo
hDdf -s_
-v_ cNksflng nufgL M
1 ;/sf/L / ;/sf/sf] hdfgt k|fKt ;]So"l/6L
2 jfl0fHo a}+ssf] d'2tL lgIf]k
3 ljsf; a}+ssf] d'2tL lgIf]k
4 gful/s nufgL of]hgf
5 ljlQo ;+:yfsf] d'2tL lgIf]k
6 a}+s tyf ljlQo ;+:yfsf] cu|flwsf/ z]o/÷l8j]Gr/
7 jfl0fHo a}+ssf] Aofh k|fKt x'g] cGo lgIf]k
8 ljsf; a}+ssf] Aofh k|fKt x'g]] cGo lgIf]k
9 ljlQo ;+:yfsf] Aofh k|fKt x'g] cGo lgIf]k
10 cGo Aofh k|fKt x'g] nufgL
hDdf -v_
hDdf -s±v_
cg';"rL – @!-s_ nufgL
ljlkg s'df/ nfna= ljQ clws[t
le=s]= s's\/]hf;+rfns
/fh]z s'df/ rf}w/L;xfos dxfk|jGws
czf]s cu|jfn;+rfns
lk=cf/= ld>k|d'v sfo{sf/L clws[t÷;+rfns
P;=aL= dfogfs;+rfns
/fh]Gb| cof{n;+rfns
P;=s]= /f‘ocWoIf
;+nUg k|lta]bgsf] cfwf/df
l;P= P;=l;= nfnlk|lG;knP;=l;= nfn P08 P;f]l;P6rf6{8{ Psfp06]06;\
2,252,717,000
4,022,500,000
60,000,000
16,000,000
205,000,000
- .
125,617,364
504,563,000
- .
7,186,397,3647,186,397,3647,186,397,3647,186,397,3647,186,397,364
81,375,000
492,500,000
120,000,000
- .
67,500,000
127,070,000
28,516,001
- .
- .
- .
916,961,001916,961,001916,961,001916,961,001916,961,001
8,103,358,3648,103,358,3648,103,358,3648,103,358,3648,103,358,364
1,747,192,000
4,450,000,000
- .
17,143,680
129,000,000
- .
247,709,144
709,163,000
- .
7,300,207,8247,300,207,8247,300,207,8247,300,207,8247,300,207,824
505,525,000
2,192,500,000
360,000,000
- .
193,500,000
45,400,000
106,556,146
- .
- .
- .
3,403,481,1463,403,481,1463,403,481,1463,403,481,1463,403,481,146
10,703,688,97010,703,688,97010,703,688,97010,703,688,97010,703,688,970
74
CIL 12th ANNUAL REPORT12th ANNUAL REPORT
S.N. Particulars Current Year Previous Year
(A) Long term investment:
1. Government Securities & Securities Guranteed by Government
2. Fixed Deposit at Commercial Bank
3. Fixed Deposit at Development Bank
4. Plans of Citizen Investment Trust
5. Fixed Deposit at Financial Institutuion
6. Equity Share of Housing Finance Company
7. Equity Share of other Company
8. Preference Share/Debenture of Bank and Financial Institution
9. Other
Total (A)
(B) Short term investment:
1. Government Securities & Securities Guranteed by Government
2. Interest Bearing Deposit at Commercial Bank
3. Interest Bearing Deposit at Development Bank
4. Plans of Citizen Investment Trust
5. Interest Bearing Deposit of other Financial Institution
6. Preference Share/Debenture of Bank and Financial Institution
7. Other Interest Bearing Deposit at Commercial Bank
8. Other Interest Bearing Deposit at Development Bank
9. Other Interest Bearing Deposit at other Financial Institution
10. Other Interest Bearing Investments
Total (B)
Total (A+B)
Schedule - 21Schedule - 21Schedule - 21Schedule - 21Schedule - 21
(A) Investments
As per our report of even date
CA. S.C. LalPrincipal
For S.C. Lal & Associates
Chartered Accountants
Bipin Kumar LalSr. Finance Officer
V.K. KukrejaDirector
Rajesh Kumar ChoudharyAsst. General Manager
Ashok AgrawalDirector
P.R. MishraCEO/Director
S.B. MainakDirector
Rajendra AryalDirector
S.K. RoyChairman
2,252,717,000
4,022,500,000
60,000,000
16,000,000
205,000,000
- .
125,617,364
504,563,000
- .
7,186,397,364
81,375,000
492,500,000
120,000,000
- .
67,500,000
127,070,000
28,516,001
- .
- .
- .
916,961,001
8,103,358,364
1,747,192,000
4,450,000,000
- .
17,143,680
129,000,000
- .
247,709,144
709,163,000
- .
7,300,207,824
505,525,000
2,192,500,000
360,000,000
- .
193,500,000
45,400,000
106,556,146
- .
- .
- .
3,403,481,146
10,703,688,970
75
CIL!@cf}+ jflif{s k|ltj]bg!@cf}+ jflif{s k|ltj]bgc
g';
"rL –
@!
-v_
z]o
/df
nu
fgL
qm=;
+=ah
f/ d
"Noc+ls
t d"N
ok/
n d
"Nov'b /s
dsDk
gL
5,5
69,2
00
2,1
42,0
00
5,8
63,0
13
5,5
69,2
00
12,0
00,0
00
12,0
00,0
00
12,0
00,0
00
12,0
00,0
00
1,7
88,0
00
764
,400
1,7
88,0
00
9,1
04
,004
4,3
75,3
60
1,6
86,1
00
4,3
75,3
60
5,0
58,3
00
16,4
46,6
38
2,6
06,3
00
16,4
46,6
38
22,1
53,5
50
4,2
75,3
76
914
,500
4,2
75,3
76
5,0
57,1
85
4,0
90,9
00
2,7
78,3
00
4,0
90,9
00
7,2
23,5
80
7,6
78,4
74
1,3
60,0
00
7,6
78,4
74
10,6
62,4
00
30,8
04
,294
2,9
33,4
00
30,8
04
,294
31,9
44
,726
20,0
13,4
50
1,1
60,2
00
20,0
13,4
50
21,0
57,6
30
10,3
34,8
00
1,4
76,4
00
11,3
38,1
74
10,3
34,8
00
6,0
93,1
25
638,8
00
6,0
93,1
25
10,1
63,3
08
74
6,4
60
85,8
00
854
,454
74
6,4
60
1,0
67,3
80
128,6
00
1,3
84
,400
1,0
67,3
80
252,0
00
400,0
00
1,1
36,0
00
252,0
00
1,1
31,4
00
565,7
00
1,4
02,6
56
1,1
31,4
00
414
,729
204
,300
1,0
96,6
51
414
,729
38
6,8
48
219,8
00
808,1
25
38
6,8
48
3,2
15,7
72
1,2
76,1
00
4,3
28,7
68
3,2
15,7
72
50,6
28,7
60
2,7
81,8
00
61,1
50,3
85
50,6
28,7
60
685,0
00
500,0
00
1,2
19,5
00
685,0
00
3,3
30,9
92
37,8
00
3,3
30,9
92
3,7
04
,400
152,1
02
128,9
00
566,3
96
152,1
02
419,3
78
75,7
00
722,0
39
419,3
78
-
.659,3
00
3,0
77,9
00
-
.
822,3
64
990,8
00
3,8
31,1
00
822,3
64
1,4
73,1
20
1,0
23,0
00
2,9
20,5
00
1,4
73,1
20
2,7
10,6
00
2,7
10,6
00
2,7
10,6
00
4,5
53,8
08
2,0
48,3
00
2,0
48,3
00
2,0
48,3
00
3,0
51,9
67
1,5
91,2
00
510,0
00
1,5
91,2
00
1,5
75,9
00
1,3
36,3
00
1,3
36,3
00
1,3
36,3
00
1,8
70,8
20
13,9
48,7
52
9,4
05,2
00
13,9
48,7
52
16,0
82,8
92
42,8
40
16,8
00
42,8
40
44
,856
75,6
54
93,4
00
75,6
54
101,8
06
2,0
70
3,0
00
2,0
70
2,340
!s'df
/L a}+s
ln=
sf] @!
$@)
yfg
z]o/
-@#
)( lsQf
af]g;
z]o/
;lxt_
@s'df
/L a}+s
ln=
sf] !@
))))
yfg z
]o/ -;+:
yfks
z]o/
_#
lrln
d] xfO8
«f] kfj/
sDk
gLsf] &^
$$yf
g ;f
wf/0
f z]o/
-#$
$$ lsQf
af]g;
z]o/
;lxt_
$l;¢fy{
a}+s ln=
sf] !^
*^!
yfg
;fwf/0
f z]o/
-@#
$& A
f]fg;
z]o/
;lxt_
%g]k
fn P
;= la=
cfO= a}+s
ln=
sf] @^
)^#
yfg
;fwf/0
f z]o/
-!)
^(!
af]g;
z]o/
;lxt_
^a}+s
ckm s
f7df
G8f} ln
= sf] (!
$% y
fg ;
fwf/0f
z]o/
-$@
(! lsQf
af]g;
z]o/
;lxt_
&;f
lgdf
ljs
f; a
}+s ln=
sf] @&
&*#
yfg
;fwf/0
f z]o/
-%@
( ls
Qf a
f]g;
z]o/
;lxt_
*g]k
fn O
ge]i6d]G
6 a}+s
ln=
sf] !#
^))
yfg
;fwf/0
f z]o/
-#)
)& a
f]g;
z]o/
;lxt_
(glan
a}+s ln=
sf] @(
##$
yfg
;fwf/0
f z]o/
-;+:
yfks
z]o/
_ -a
f]g;
z]o/
%)%
^ ls
Qf_
!)glan
a}+s ln=
sf] !!
^)@
yfg
;fwf/0
f z]o/
!!lxdf
nog
a}+s ln=
sf] !$
&^$
yfg
z]o/
-@#
## lsQf
af]g;
z]o/
;lxt_
!@Pe
/]i6
a}+s ln
= sf] ^#
** y
fg ;
fwf/0f
z]o/
-#*
!! a
f]g;
z]o/
;lxt_
!#Pe
/]i6
a}+s ln
= sf] *%
* yf
g c3
|flwsf/ z
]o/!$
a'6jn
kfj/
sDk
gL ln
= sf] !@
*^ y
fg ;
fwf/0f
z]o/
-!@
^ af
]g; z
]o/ ;
lxt_
!%g]z
gn x
fO8«f
] kfj/
sDk
gL ln=
sf] $)
)) y
fg ;
fwf/0f
z]o/
!^n'l
DjgL a
}+s ln=
sf] %^
%& y
fg ;
fwf/0f
z]o/
-#)
! af
]g; z
]o/ ;
lxt_
!&df
5fk'R
5«] a}+s
ln=
sf] @)
$# y
fg ;
fwf/0f
z]o/
-#(
@ ls
Qf a
f]g;
z]o/
_!*
l8;L
laPn
a}+s ln=
sf] @!
(* y
fg ;
fwf/0f
z]o/
-#&
! af]g;
z]o/
;lxt_
!(Pg
Pdla a
}+s ln=
sf] !@
&^!
yfg
;fwf/0
f z]o/
-!$
%* lsQf
af]g;
z]o/
;lxt_
@):6
\of08
8{ rf
6{8 a
}+s ln
= sf] @&
*!*
yfg
;fwf/0
f z]o/
-!^
!*@
lsQf
af]g;
z]o/
_@!
lsi6 a
}+s ln=
sf] %)
)) y
fg ;
fwf/0f
z]o/
@@o'lglnj
/ g]k
fn ln
= sf] #&
* yf
g ;f
wf/0
f z]o/
@#P;
ljs
f; a
}+s ln=
sf] !@
*( y
fg ;
fwf/0f
z]o/
-!$
# ls
Qf a
f]g;
z]o/
_@$
Pgcf
O;L a}+s
ln= sf] &%
& yf
g ;f
wf/0
f z]o/
-@)
* ls
Qf a
f]g;
z]o/
_@%
g]kfn
z]o/
dfs
]{6 ln
= sf] ^%
(# ls
Qf ;
fwf/0f
z]o/
-!!
@ ls
Qf a
f]g;
z]o/
_@^
l;¢fy{
ljsf;
a}+s ln=
sf] ((
)* y
fg ;
fwf/0f
z]o/
@&cf
O{PnP
km;L
ln=
sf] !)
@#)
lsQf
;fwf/0f
z]o/
@*hg
tf a
}+s ln
= sf] @&
!)^
yfg
;fwf/0
f z]o/
@(l;len
a}+s ln=
sf] @)
$*#
yfg
;fwf/0
f z]o/
#)nl
Id a
}+s ln=
sf] %!
)) y
fg ;
fwf/0f
z]o/
#!sdh
{ P08
6««i6 a
}+s ln
= !#
#^#
yfg
;fwf/0
f z]o/
#@g]k
fn a
}+s ln=
($)
%@ y
fg ;
fwf/0f
z]o/
##l;l6hG
; a}+s
OG6
/g]zgn
ln= !^
* yf
g ;f
wf/0
f z]o/
#$ljef
]/ lasf;
a}+s ln=
(#$
yfg ;
fwf/0f
z]o/
#%dg
sfd
gf las
f; a
}+s ln=
#)
yfg
;fwf/0
f z]o/
qmdz
M k]h
g+= &&
76
CIL 12th ANNUAL REPORT12th ANNUAL REPORT
Sch
ed
ule
-
21
Sch
ed
ule
-
21
Sch
ed
ule
-
21
Sch
ed
ule
-
21
Sch
ed
ule
-
21
(B)
Inv
est
me
nt in
Sh
are
s
Mar
ket P
rice
5,5
69
,20
02
,14
2,0
00
5,8
63
,01
35
,56
9,2
00
12
,00
0,0
00
12
,00
0,0
00
12
,00
0,0
00
12
,00
0,0
00
1,7
88
,00
07
64
,40
01
,78
8,0
00
9,1
04
,00
4
4,3
75
,36
01
,68
6,1
00
4,3
75
,36
05
,05
8,3
00
16
,44
6,6
38
2,6
06
,30
01
6,4
46
,63
82
2,1
53
,55
0
4,2
75
,37
69
14
,50
04
,27
5,3
76
5,0
57
,18
5
4,0
90
,90
02
,77
8,3
00
4,0
90
,90
07
,22
3,5
80
7,6
78
,47
41
,36
0,0
00
7,6
78
,47
41
0,6
62
,40
0
30
,80
4,2
94
2,9
33
,40
03
0,8
04
,29
43
1,9
44
,72
6
20
,01
3,4
50
1,1
60
,20
02
0,0
13
,45
02
1,0
57
,63
0
10
,33
4,8
00
1,4
76
,40
011
,33
8,1
74
10
,33
4,8
00
6,0
93
,12
56
38
,80
06
,09
3,1
25
10
,16
3,3
08
74
6,4
60
85
,80
08
54
,45
47
46
,46
0
1,0
67
,38
01
28
,60
01
,38
4,4
00
1,0
67
,38
0
25
2,0
00
40
0,0
00
1,1
36
,00
02
52
,00
0
1,1
31
,40
05
65
,70
01
,40
2,6
56
1,1
31
,40
0
41
4,7
29
20
4,3
00
1,0
96
,65
14
14
,72
9
38
6,8
48
21
9,8
00
80
8,1
25
38
6,8
48
3,2
15
,77
21
,27
6,1
00
4,3
28
,76
83
,21
5,7
72
50
,62
8,7
60
2,7
81
,80
06
1,1
50
,38
55
0,6
28
,76
0
68
5,0
00
50
0,0
00
1,2
19
,50
06
85
,00
0
3,3
30
,99
23
7,8
00
3,3
30
,99
23
,70
4,4
00
15
2,1
02
12
8,9
00
56
6,3
96
15
2,1
02
41
9,3
78
75
,70
07
22
,03
94
19
,37
8
- .
65
9,3
00
3,0
77
,90
0-
.
82
2,3
64
99
0,8
00
3,8
31
,10
08
22
,36
4
1,4
73
,12
01
,02
3,0
00
2,9
20
,50
01
,47
3,1
20
2,7
10
,60
02
,71
0,6
00
2,7
10
,60
04
,55
3,8
08
2,0
48
,30
02
,04
8,3
00
2,0
48
,30
03
,05
1,9
67
1,5
91
,20
05
10
,00
01
,59
1,2
00
1,5
75
,90
0
1,3
36
,30
01
,33
6,3
00
1,3
36
,30
01
,87
0,8
20
13
,94
8,7
52
9,4
05
,20
01
3,9
48
,75
21
6,0
82
,89
2
42
,84
01
6,8
00
42
,84
04
4,8
56
75
,65
49
3,4
00
75
,65
41
01
,80
6
2,0
70
3,0
00
2,0
70
2,3
40
Fac
e V
alu
eP
urc
has
e p
rice
Net
Am
ou
nt
Co
mp
an
yS
.N.
1K
umar
i Ban
k Lt
d. 2
1420
Uni
t of S
hare
(Inc
ludi
ng 2
309
Uni
t Of B
onus
Sha
re)
2K
umar
i Ban
k Lt
d. 1
2000
0 U
nit o
f Sha
re (P
rom
otor
)
3C
hilim
e H
ydro
Pow
er C
o. L
td. 7
644
Uni
t of S
hare
(Inc
l. 34
44 u
nit o
f Bon
us S
hare
)
4S
iddh
arth
a B
ank
Ltd.
168
61 U
nit o
f Sha
re (I
nclu
ding
234
7 U
nit o
f Bon
us S
hare
)
5N
epal
SB
I Ban
k Lt
d. 2
6063
Uni
t of S
hare
(Inc
ludi
ng 1
0691
Uni
t of B
onus
Sha
re)
6B
ank
of K
athm
anu
Ltd.
914
5 U
nit o
f Sha
re (I
nclu
ding
429
1 U
nit o
f Bon
us S
hare
)
7S
anim
a B
ikas
h B
ank
Ltd.
277
83 U
nit o
f Sha
re (I
nclu
ding
529
Uni
t of B
onus
Sha
re)
8N
epal
Inve
stm
ent B
ank
Ltd.
1360
0 U
nit o
f Sha
re (I
nclu
ding
300
7 U
nit o
f Bon
us S
hare
)
9N
abil
Ban
k Lt
d. 2
9334
Uni
t of S
hare
(Pro
mot
er) (
Incl
udin
g 50
56 U
nit o
f Bon
us S
hare
)
10N
abil
Ban
k Lt
d. 1
1602
Uni
t of S
hare
11H
imal
ayan
Ban
k Lt
d. 1
4764
Uni
t of S
hare
(Inc
ludi
ng 2
333
unit
of B
onus
Sha
re)
12E
vere
st B
ank
Ltd.
638
8 U
nit o
f Sha
re (
Incl
udin
g 38
11 u
nit o
f Bon
us S
hare
)
13E
vere
st B
ank
Ltd.
858
Uni
t of P
refe
renc
e S
hare
CP
14B
utw
al P
ower
Co.
Ltd
. 128
6 U
nit o
f Sha
re (I
nclu
ding
126
Uni
t of B
onus
Sha
re)
15N
atio
nal H
ydro
Pow
er C
o. L
td. 4
000
Uni
t of S
hare
16Lu
mbi
ni B
ank
Ltd.
565
7 U
nit o
f Sha
re (I
ncl.
301
units
of B
onus
Sha
re)
17M
achc
hapu
chre
Ban
k Lt
d. 2
043
Uni
t of S
hare
(Inc
ludi
ng 3
92 u
nit o
f Bon
us S
hare
)
18G
RA
ND
Ban
k Lt
d. 2
198
Uni
t of S
hare
(Inc
ludi
ng 3
71 U
nit o
f Bon
us S
hare
)
19N
MB
Ban
k Lt
d. 1
2761
Uni
t of S
hare
(Inc
ludi
ng 1
458
unit
of B
onus
Sha
re)
20S
tand
ard
Cha
rter
ed B
ank
Nep
al L
td. 2
7818
Uni
t of S
hare
(inc
l. 16
182
Uni
t of B
onus
sha
re)
21K
ist
Ban
kLtd
. 500
0 U
nit o
f Sha
re
22U
nile
ver N
epl L
td. 3
78 U
nit o
f Sha
re
23A
CE
Dev
elop
men
t Ban
k Lt
d. 1
289
Uni
t of S
hare
(Inc
l. 14
3 U
nit o
f Bon
us S
hare
)
24N
IC B
ank
Ltd.
757
Uni
t of S
hare
(Inc
ludi
ng 2
08 u
nits
of B
onus
Sha
re)
25N
epal
Sha
re M
arke
t Ltd
. 659
3 U
nit o
f Sha
re (I
nclu
ding
112
Uni
t of B
onus
Sha
re)
26S
iddh
arth
a D
evle
pmen
t Ban
k Lt
d. 9
908
Uni
t of S
hare
27IL
FC
Ltd
. 102
30 U
nit o
f sha
re
28Ja
nta
Ban
k Lt
d. 2
7106
Uni
ts o
f sha
re
29C
ivil
Ban
k Lt
d. 2
0483
uni
ts o
f sha
re
30La
xmi B
ank
Ltd.
510
0 un
its o
f sha
re
31C
omm
erz
& T
rust
Ban
k Li
mite
d 13
363
units
of s
hare
32N
epal
Ban
k Lt
d. 9
4052
uni
ts o
f sha
re
33C
itize
n B
ank
Inte
rnat
iona
l Ltd
. Sha
res
168
units
of s
hare
34V
ivor
Dev
. Ban
k Lt
d. 9
34 u
nits
of s
hare
35M
anak
aman
a D
ev. B
ank
Ltd.
30
units
of s
hare
Co
ntd
. P
ag
e N
o. 78
77
CIL!@cf}+ jflif{s k|ltj]bg!@cf}+ jflif{s k|ltj]bg
gf]6M
!=
aLds
sf] ;
xfos
sDkg
L÷xf]l
N8·
sDkg
L ty
f ;+o
'Qm n
ufgL
ePsf
] sDk
gLsf]
z]o/d
f eP
sf] n
ufgLn
fO{ 5§
f–5'§}
v'nfp
g' kg
]{5 . @= lgo
dfg';
f/ ;"lrs
s[t g
ePsf
z]o/
df e
Psf]
nufgLn
fO{ 5'§
}v'n
fpg'
kg]{5
. #=
;+:yf
ks z
]o/ /
cGo
z]o/
df e
Psf] nu
fgLn
fO{ 5'§
f–5'§}
v'nfp
g' kg
]{5 .
ljlk
g s
'df/ n
fna=
ljQ
clws[t
le=s
]= s's
\/]hf
;+rfn
s
/fh]z
s'df
/ rf}w
/L;x
fos d
xfk|j
Gws
czf
]s c
u|jfn
;+rfn
s
lk=c
f/= ld
>k|d
'v s
fo{sf/L clws[t÷
;+rfn
s
P;=a
L= df
ogfs
;+rfn
s
/fh]Gb
| cof
{n;+r
fns
P;=s
]= /f ‘o
cWo
If
;+nUg
k|lta]b
gsf] cfwf/df
l;P=
P;=
l;= n
fnlk|lG;
knP;
=l;=
nfn
P08
P;f
]l;P6
rf6{8{ P
sfp
06]06
;\
qm=;
+=ah
f/ d
"Noc+ls
t d"N
ok/
n d
"Nov'b /s
dsDk
gL
-
.2,2
00
220
-
.
2,3
36
3,2
00
2,3
36
2,6
24
79,8
08
92,8
00
81,6
64
79,8
08
307,1
20
279,2
00
337,8
32
307,1
20
261,2
56
768,4
00
261,2
56
299,6
76
335,0
16
310,2
00
353,6
28
335,0
16
254
,14
414
4,4
00
254
,14
4285,9
12
59,4
72
82,6
00
59,4
72
77,6
44
613,9
28
807,8
00
64
6,2
40
613,9
28
31,2
48
33,6
00
31,2
48
32,9
28
4,7
52
7,2
00
4,7
52
5,7
60
161,3
64
14
2,8
00
325,5
84
161,3
64
216,9
82
24
3,8
00
216,9
82
24
3,8
00
323,3
20
137,0
00
323,3
20
363,0
50
1,3
55,5
20
128,0
00
1,3
55,5
20
1,6
83,2
00
64
,500
30,0
00
64
,500
72,6
00
8,8
80,0
00
3,5
52,0
00
8,8
80,0
00
9,8
03,5
20
-
.15,4
00
1,5
40
-
.
22,8
40
4,0
00
22,8
40
23,8
40
-
.37,2
00
3,7
20
-
.
-
.4
00,8
00
40,0
80
-
.
-
.289,8
00
28,9
80
-
.
-
.27,6
00
2,7
60
-
.
-
.62,0
00
5,5
80
-
.
-
.525,6
00
52,5
60
-
.
22
2,9
25
,24
42
22
,92
5,2
44
22
2,9
25
,24
42
22
,92
5,2
44
22
2,9
25
,24
463,7
89
,20
063,7
89
,20
063,7
89
,20
063,7
89
,20
063,7
89
,20
02
47
,70
9,1
44
24
7,7
09
,14
42
47
,70
9,1
44
24
7,7
09
,14
42
47
,70
9,1
44
25
7,1
04
,57
52
57
,10
4,5
75
25
7,1
04
,57
52
57
,10
4,5
75
25
7,1
04
,57
5
#^pB
d lasf;
a}+s ln=
@@
yfg
;fwf/0
f z]o/
#&/f/f las
f; a
}+s ln=
#@
yfg
;fwf/0
f z]o/
#*6'/
Lhd
lasf;
a}+s ln=
(@*
yfg ;
fwf/0f
z]o/
#(gf/fo0
fL g]z
gn k
mfOgfG;
;fwf/0f
z]o/
@&(
@ yf
g$)
gf/fo0
fL g]z
gn k
mfOgfG;
k|a{B
s z
]o/ &
^*$
yfg
$!u'8
ljn
kmfOgfG;
ln
= #!
)@ y
fg ;
fwf/0f
z]o/
$@
u'x]Zj
/L d/
r]G6
P08
kmfOgfG;
ln=
!$$
$ yf
g ;f
wf/0
f z]o/
$#gj
b'uf{ kmfOgfG;
ln=
*@^
yfg ;
fwf/0f
z]o/
$$
k|'8]lG;
on ljlQm
o ;+:
yf ln=
!$@
* yf
g ;f
wf/0
f z]o/
$%g]k
fn c
fjf;
ljs
f; #
#^ y
fg ;
fwf/0f
z]o/
$^
xfdf
dr]{G
6 a}s
ln=
&@
yfg
;fwf/0
f z]o/
$&g]k
fn O
G:of]]]]/]G;
sDk
gL ln
= !$
@* y
fg ;
fwf/0f
z]o/
$*Pg
Pn
hL O
G:of]]]]/]G;
sDk
gL ln=
@$#
* yf
g ;f
wf/0
f z]o/
$(
o'gfO6]8
OG:o
f]]]]/]G;
sDk
gL ln
= !#
&) y
fg ;
fwf/0f
z]o/
%)af]6n
;{ g]k
fn t
/fO
ln= !@
*) y
fg ;
fwf/0f
z]o/
%!g]k
fn N
o'j c
fon
ln= #)
) yf
g ;f
wf/0
f z]o/
%@;f
]lN6 x
f]6]n
ln= #%
%@)
yfg
;fwf/0
f z]o/
%#g]k
fn lkmNd
8]en
kd]G6
ln=
!%$
yfg ;
fwf/0f
z]o/
%$g]k
fn b
'/;+rf
/ ln
= $)
yfg ;
fwf/0f
z]o/
%%Ho
f]tL l:k
gL·
ldN;
ln=
#&@
yfg ;
fwf/0f
z]o/
%^la/f6
;' ln
= $)
)* y
fg ;
fwf/0f
z]o/
%&g]s
f]g P
o/ ln
= @*
(* y
fg ;
fwf/0f
z]o/
%*Ps
Nofa/
f]6/Lh
ln=
@&^
yfg ;
fwf/0f
z]o/
%(lxdf
n l;d]G
6 ln
= ^@
) yf
g ;f
wf/0
f z]o/
^)n]b
/ af
;jf/L ln
= %@
%^ y
fg ;
fwf/0f
z]o/
hDd
f
cg
';"r
L – @
!
78
CIL 12th ANNUAL REPORT12th ANNUAL REPORT
As
per
our
repo
rt o
f ev
en d
ate
CA
. S
.C.
Lal
Pri
nci
pa
l
Fo
r S
.C.
La
l &
Ass
oci
ate
s
Cha
rter
ed A
ccou
ntan
ts
Bip
in K
um
ar
Lal
Sr.
Fin
ance
Off
icer
V.K
. K
ukre
jaD
ire
cto
r
Raje
sh K
um
ar
Ch
ou
dh
ary
Ass
t. G
en
era
l M
an
ag
er
Ash
ok
Ag
raw
al
Dir
ect
or
P.R
. M
ish
raC
EO
/Dir
ecto
r
S.B
. M
ain
ak
Dir
ect
or
Ra
jen
dra
Ary
al
Dir
ecto
r
S.K
. R
oy
Ch
air
ma
n
Fac
e V
alu
eP
urc
has
e p
rice
Net
Am
ou
nt
Co
mp
an
yM
arke
t Pri
ceS
.N.
36U
ddha
m B
ikas
h B
ank
Ltd.
22
units
of s
hare
37R
ara
Dev
. Ban
k Lt
d. 3
2 un
its o
f sha
re
38T
uris
om B
ikas
h B
ank
Ltd.
928
uni
ts o
f sha
re
39N
aray
ani N
atio
nal F
inan
ce O
rd. 2
792
units
of s
hare
40N
aray
ani N
atio
nal F
inan
ce P
ro. 7
684
units
of s
hare
41G
odw
il F
inan
ce L
imite
d 31
02 u
nits
of s
hare
42G
uhes
war
i Mer
chan
t & F
inan
ce 1
444
units
of s
hare
43N
awa
Dur
ga F
inan
ce 8
26 u
nits
of s
hare
44P
rude
ntia
l Bitt
iya
San
stha
807
8 un
its o
f sha
re
45N
epal
Aw
as B
ikas
h 33
6 un
its o
f sha
re
46H
ama
Mer
chan
t Ban
k 72
uni
ts o
f sha
re
47N
epal
Insu
ranc
e C
o. L
td. 1
428
units
of s
hare
48N
LG In
sura
nce
Co.
Ltd
. 243
8 un
its o
f sha
re
49U
nite
d In
sura
nce
Co.
Ltd
. 137
0 un
its o
f sha
re
50B
ottle
rs N
epal
Ter
rai L
td. 1
280
units
of s
hare
51N
epal
Lub
e O
il Lt
d. 3
00 u
nits
of s
hare
52S
oalte
e H
otel
Ltd
. 355
20 u
nits
of s
hare
53N
epal
Film
Dev
. Ltd
. 154
uni
ts o
f sha
re
54N
epal
Doo
rsan
char
Ltd
. 40
units
of s
hare
55Jy
oti S
penn
ing
Mill
372
uni
ts o
f sha
re
56B
irat S
hoe
Ltd.
400
8 un
its o
f sha
re
57N
econ
Air
Ltd.
289
8 un
its o
f sha
re
58A
CE
Lab
oret
orie
s N
epal
276
uni
ts o
f sha
re
59H
imal
Cem
ent L
td. 6
20 u
nits
of s
hare
60Le
dred
Ban
swar
i 525
6 un
its o
f sha
re
Tota
l
-
.2
,20
02
20
-
.
2,3
36
3,2
00
2,3
36
2,6
24
79
,80
89
2,8
00
81
,66
47
9,8
08
30
7,1
20
27
9,2
00
33
7,8
32
30
7,1
20
26
1,2
56
76
8,4
00
26
1,2
56
29
9,6
76
33
5,0
16
31
0,2
00
35
3,6
28
33
5,0
16
25
4,1
44
14
4,4
00
25
4,1
44
28
5,9
12
59
,47
28
2,6
00
59
,47
27
7,6
44
61
3,9
28
80
7,8
00
64
6,2
40
61
3,9
28
31
,24
83
3,6
00
31
,24
83
2,9
28
4,7
52
7,2
00
4,7
52
5,7
60
16
1,3
64
14
2,8
00
32
5,5
84
16
1,3
64
21
6,9
82
24
3,8
00
21
6,9
82
24
3,8
00
32
3,3
20
13
7,0
00
32
3,3
20
36
3,0
50
1,3
55
,52
01
28
,00
01
,35
5,5
20
1,6
83
,20
0
64
,50
03
0,0
00
64
,50
07
2,6
00
8,8
80
,00
03
,55
2,0
00
8,8
80
,00
09
,80
3,5
20
-
.1
5,4
00
1,5
40
-
.
22
,84
04
,00
02
2,8
40
23
,84
0
-
.3
7,2
00
3,7
20
-
.
-
.4
00
,80
04
0,0
80
-
.
-
.2
89
,80
02
8,9
80
-
.
-
.2
7,6
00
2,7
60
-
.
-
.6
2,0
00
5,5
80
-
.
-
.5
25
,60
05
2,5
60
-
.
22
2,9
25
,24
46
3,7
89
,20
02
47
,70
9,1
44
25
7,1
04
,57
5
No
te:
1) In
sure
r's in
vest
men
t in
shar
e of
Sis
ter/
Hol
ding
com
pany
and
join
t inv
estm
ent c
ompa
ny h
as to
be
men
tione
d se
para
tely
.
2) In
vest
men
t mad
e in
sha
re n
ot e
nlis
ted
as p
er ru
le h
as to
be
men
tione
d se
para
tely
.
3) S
eper
atel
y to
be
disc
lose
d of
pro
mot
or s
hare
and
oth
er o
rdin
ary
shar
e.
Sch
ed
ule
-
21
C
on
td.
Sch
ed
ule
-
21
C
on
td.
Sch
ed
ule
-
21
C
on
td.
Sch
ed
ule
-
21
C
on
td.
Sch
ed
ule
-
21
C
on
td.
79
CIL!@cf}+ jflif{s k|ltj]bg!@cf}+ jflif{s k|ltj]bgcg';"rL – @@
gub tyf a}+s df}Hbft
11111 gub df}Hbft
hDdf
22222 a}+s df}Hbft
jfl0fHo a}+sx?sf] df}Hbft
ljsf; a}+sx?sf] df}Hbft
ljlQo ;+:yfx?sf] df}Hbft
cGo -ljj/0f v'nfpg]_
hDdfs"n hDdf
qm=;+= ljj/0f o; jif{ ut jif{
cg';"rL – @#cGo shf{
qm=;+= ljj/0f o; jif{ ut jif{
-s_ bL3{sflng shf{
1 clestf{nfO{ shf{
2 sd{rf/LnfO{ shf{
3 cGo -ljj/0f v'nfpg]_
hDdf -s_
-v_ cNksflng shf{
1 clestf{nfO{ shf{
2 sd{rf/LnfO{ shf{
3 cGo -ljj/0f v'nfpg]_
hDdf -v_
hDdf -s+v_
97,198,503
97,198,50397,198,50397,198,50397,198,50397,198,503
114,716,385
- .
- .
- .
114,716,385114,716,385114,716,385114,716,385114,716,385
211,914,888211,914,888211,914,888211,914,888211,914,888
132,817,659
132,817,659132,817,659132,817,659132,817,659132,817,659
155,970,227
- .
- .
- .
155,970,277155,970,277155,970,277155,970,277155,970,277
288,787,886288,787,886288,787,886288,787,886288,787,886
- .
13,657,297
- .
13,657,29713,657,29713,657,29713,657,29713,657,297
87,021,228
- .
- .
87,021,22887,021,22887,021,22887,021,22887,021,228
100,678,525100,678,525100,678,525100,678,525100,678,525
- .
16,562,670
- .
16 ,562,67016,562,67016,562,67016,562,67016,562,670
160,627,531
- .
- .
160,627,531160,627,531160,627,531160,627,531160,627,531
177,190,201177,190,201177,190,201177,190,201177,190,201
ljlkg s'df/ nfna= ljQ clws[t
le=s]= s's\/]hf;+rfns
/fh]z s'df/ rf}w/L;xfos dxfk|jGws
czf]s cu|jfn;+rfns
lk=cf/= ld>k|d'v sfo{sf/L clws[t÷;+rfns
P;=aL= dfogfs;+rfns
/fh]Gb| cof{n;+rfns
P;=s]= /f‘ocWoIf
;+nUg k|lta]bgsf] cfwf/df
l;P= P;=l;= nfnlk|lG;knP;=l;= nfn P08 P;f]l;P6rf6{8{ Psfp06]06;\
80
CIL 12th ANNUAL REPORT12th ANNUAL REPORT
Schedule - 23Schedule - 23Schedule - 23Schedule - 23Schedule - 23
Other Loans
Schedule - 22Schedule - 22Schedule - 22Schedule - 22Schedule - 22
Cash and Bank Balance
S.N. Particular Current Year Previous Year
(A) Long Term Loans1 Loan to Agents
2 Loan to Employees
3 Others
Total (A)
(B) Short Term Loan1 Loan to Agents
2 Loan to Employees
3 Others
Total (B)
Total (A+B)
S.N. Particulars Current Year Previous Year
1 Cash Balance
Total (A)
2 Bank Balance
Deposit in Commercial Banks
Deposit in Development Banks
Deposit of Financial Institutions
Other
Total (B)
Total (A+B)
97,198,503
97,198,503
114,716,385
- .
- .
- .
114,716,385
211,914,888
132,817,659
132,817,659
155,970,227
- .
- .
- .
155,970,227
288,787,886
- .
13,657,297
- .
13,657,297
87,021,228
- .
- .
87,021,228
100,678,525
As per our report of even date
CA. S.C. LalPrincipal
For S.C. Lal & Associates
Chartered Accountants
Bipin Kumar LalSr. Finance Officer
V.K. KukrejaDirector
Rajesh Kumar ChoudharyAsst. General Manager
Ashok AgrawalDirector
P.R. MishraCEO/Director
S.B. MainakDirector
Rajendra AryalDirector
S.K. RoyChairman
- .
16,562,670
- .
16,562,670
160,627,531
- .
- .
160,627,531
177,190,201
81
CIL!@cf}+ jflif{s k|ltj]bg!@cf}+ jflif{s k|ltj]bgcg';"rL – @$
cGo ;DkQL
1 nufgLaf6 k|fKt x'g af“sL cfo2 aLdfn]vsf] lwtf]df shf{af6 k|fKt x'g af“sL Aofh3 cGo -aLdfn]vsf] lwtf]df afx]s_ shf{af6 k|fKt x'g af“sL Aofh4 cGo aLdsaf6 k|fKt x'g af“sL5 k'gaL{dsaf6 k|fKt x'g af“sL6 ljljw cf;fdL7 clu|d s/8 sd{rf/L k]ZsL9 cGo k]ZsL10 w/f}6L11 c;'n x'g af“sL aLdfz'Ns
Go"g M c;'n x'g af“sL aLdfz'Ns d'NtjL (suspense)
12 cGo Ms_ clu|d e'QmfgL cf+lzs kl/kSj bfjLv_ clu|d e'QmfgL vr{x?u_ z]o/÷l8j]Gr/ lgj]bg3_ pkbfg sf]if gful/s nufgL sf]ifdfª_ a}sdf r]s hdf ePsf] t/ q]ml86 k|fKt gePsf]r_ :yun s/
hDdf
qm=;+= ljj/0f o; jif{ ut jif{
201,046,713108,858,466
913,351- .
2,029,0654,663,845
421,350,165160,877
244,949231,000
- .- .- .- .
4,248,25840,500,2135,805,5928,311,2591,687,580
800,051,333800,051,333800,051,333800,051,333800,051,333
94,645,96765,504,765
- .- .- .- .
303,354,146114,183
955,989225,000
- .- .- .- .
2,614,06940,704,000
4,277,5357,860,843
- .
520,256,498520,256,498520,256,498520,256,498520,256,498
cg';"rL – @%rfn' bfloTj
qm=;+= ljj/0f o; jif{ ut jif{
1 clestf{nfO{ lbg af“sL2 cGo aLdsnfO{ lbg af“sL3 k'gaL{dsnfO{ lbg af“sL4 cNksflng shf{5 aLdfz'Ns w/f}6L6 k"0f{ ljj/0f gv'n]sf] aLdfz'Ns7 ljljw ;fx"8 ;xfos÷xf]lN8· sDkgLnfO{ lbg af“sL9 >f]tdf s§f ul/Psf] s/ ltg{ af“sL10 d"No clea[l4 s/ ltg{ af“sL11 cfos/ ltg{ af“sL12 ;]jf z'Ns ltg{ af“sL13 ;+rfnsnfO{ lbg af“sL14 cGo M
:yug s/r]s hf/L ePsf] t/ e'QmfgL gePsf] /sde'QmfgL gePsf] d]l8sn z'Nsz]o/ jfkt k]ZsL (Calls in Advance)
hDdf
68,787,418
- .
204,604
415,831,998
8,263,664
19,514,725
22,472,067
- .
11,631,001
- .
214,422,125
31,686,041
- .
- .
- .
106,114,362
2,511,320
81,000,000
982,439,325982,439,325982,439,325982,439,325982,439,325
100,010,179
- .
2,920,461
241,736,335
31,538,475
20,624,512
10,041,650
- .
16,409,085
- .
118,236,579
25,376,469
- .
1,932,116
60,443,106
1,921,270
- .
631,631,631,631,631,190,237190,237190,237190,237190,237
ljlkg s'df/ nfna= ljQ clws[t
le=s]= s's\/]hf;+rfns
/fh]z s'df/ rf}w/L;xfos dxfk|jGws
czf]s cu|jfn;+rfns
lk=cf/= ld>k|d'v sfo{sf/L clws[t÷;+rfns
P;=aL= dfogfs;+rfns
/fh]Gb| cof{n;+rfns
P;=s]= /f‘ocWoIf
;+nUg k|lta]bgsf] cfwf/df
l;P= P;=l;= nfnlk|lG;knP;=l;= nfn P08 P;f]l;P6rf6{8{ Psfp06]06;\
82
CIL 12th ANNUAL REPORT12th ANNUAL REPORTSchedule - 24Schedule - 24Schedule - 24Schedule - 24Schedule - 24
Other Assets
S.N. Particulars Current Year Previous Year
1 Interest Receivable Against Investments2 Interest Receivable Against Policy Loans3 Other Interest Receivable against loan(except of Policy Loan)4 Receivable From Other Insurer (Insurance Pool)5 Due from re-Insurer6 Miscellaneous Debtors7 Advance Tax8 Staff advances9 Other advances10 Security Deposits11 Outstanding insurance premuim12 Less: outstanding insurance premium suspense13 Others
a) Prepaid S.B. Claims b) Prepaid Expenses c) Debenture/ Share Application d) Gratuity Fund at CIT e) Cheque deposited but not credited by Banks f) Deffered Tax Assets
Total
Schedule - 25Schedule - 25Schedule - 25Schedule - 25Schedule - 25
Current Liability
201,046,713108,858,466
913,351- .
2,029,0654,663,845
421,350,165160,877244,949231,000
- .- .- .- .
4,248,25840,500,213
5,805,5928,311,2591,687,580
800,051,333
94,645,96765,504,765
- .- .- .- .
303,354,146114,183955,989225,000
- .- .- .- .
2,614,06940,704,000
4,277,5357,860,843
- .
520,256,498
S.N. Particulars Current Year Previous Year
1 Due to Agents
2 Due to other Insurer
3 Due to re-insurer
4 Short term loans
5 Deposit premium
6 Unidentified Premium
7 Miscellaneous creditors
8 Due to Associate/Holding company
9 TDS Payable
10 VAT Payable
11 Income Tax Payable
12 Service Charges Payable to Beema Samiti
13 Payable To Director
14 Others
Defferred Tax
Cheque issued But Not Encashed
Medicial Fee Payable
Calls in Advance
Total
68,787,418
- .
204,604
415,831,998
8,263,664
19,514,725
22,472,067
- .
11,631,001
- .
214,422,125
31,686,041
- .
- .
- .
106,114,362
2,511,320
81,000,000
982,439,325
100,010,179
- .
2,920,461
241,736,335
31,538,475
2,062,412
10,041,650
- .
16,409,085
- .
118,236,579
25,376,469
- .
- .
1,932,116
60,443,106
1,921,270
- .
631,190,237
As per our report of even date
CA. S.C. LalPrincipal
For S.C. Lal & Associates
Chartered Accountants
Bipin Kumar LalSr. Finance Officer
V.K. KukrejaDirector
Rajesh Kumar ChoudharyAsst. General Manager
Ashok AgrawalDirector
P.R. MishraCEO/Director
S.B. MainakDirector
Rajendra AryalDirector
S.K. RoyChairman
83
CIL!@cf}+ jflif{s k|ltj]bg!@cf}+ jflif{s k|ltj]bgcg';"rL – @^
c;dfKt hf]lvd Joj:yf
– =– =– =
– =
ljlkg s'df/ nfna= ljQ clws[t
le=s]= s's\/]hf;+rfns
/fh]z s'df/ rf}w/L;xfos dxfk|jGws
czf]s cu|jfn;+rfns
lk=cf/= ld>k|d'v sfo{sf/L clws[t÷;+rfns
P;=aL= dfogfs;+rfns
/fh]Gb| cof{n;+rfns
P;=s]= /f‘ocWoIf
;+nUg k|lta]bgsf] cfwf/df
l;P= P;=l;= nfnlk|lG;knP;=l;= nfn P08 P;f]l;P6rf6{8{ Psfp06]06;\
qm=;+= ljj/0f o; jif{ ut jif{
– =– =– =
– =
! =============== aLdfsf] c;dfKt hf]lvd hu]8f@ =============== aLdfsf] c;dfKt hf]lvd hu]8f# =============== aLdfsf] c;dfKt hf]lvd hu]8f
hDdf
84
CIL 12th ANNUAL REPORT12th ANNUAL REPORT
Provision for Unexpired Risk
Schedule - 26Schedule - 26Schedule - 26Schedule - 26Schedule - 26
S.N. Particular Current Year Previous Year
1 Unxpired risk provision of ……………… insurance - . - .
2 Unxpired risk provision of ……………… insurance - . - .
3 Unxpired risk provision of ……………… insurance - . - .
Total - . - .
As per our report of even date
CA. S.C. LalPrincipal
For S.C. Lal & Associates
Chartered Accountants
Bipin Kumar LalSr. Finance Officer
V.K. KukrejaDirector
Rajesh Kumar ChoudharyAsst. General Manager
Ashok AgrawalDirector
P.R. MishraCEO/Director
S.B. MainakDirector
Rajendra AryalDirector
S.K. RoyChairman
85
CIL!@cf}+ jflif{s k|ltj]bg!@cf}+ jflif{s k|ltj]bg
jif{sf] z'?df Joj:yf rfn' cf= j= df yk ul/Psf] Joj:yf
o; jif{ ut jif{ o; jif{ ut jif{
cg';"rL – @^ -s_cGo Joj:yf
rfn' cf= j= df ckn]vg÷e'QmfgL ul/Psf] Joj:yf rfn' cf= j= df lkmtf{ ul/Psf] Joj:yf jif{sf] cGtdf sfod /x]sf] Joj:yf
o; jif{ ut jif{ o; jif{ ut jif{o; jif{ ut jif{
8,157,895 - . - . - . 7,993,421 8,157,895
- . - . 11,905,626 134,479 24,799,191 36,704,817
- . - . - . - . - . - .
- . - . - . - . - . - .
- . - . - . - . - . - .
- . - . - . - . - . - .
94,050 114,187 - . - . 5,165,613 4,314,743
542,557 - . - . 3,227,834 5,358,987 4,953,636
- . - . - . - . - . - .....
16,689,865 - . - . - . 27,756,957 16,942,001
- . - . - . - . - . - .
- . - . - . - . - . - .
25,484,36625,484,36625,484,36625,484,36625,484,366 114,187114,187114,187114,187114,187 11,905,62611,905,62611,905,62611,905,62611,905,626 3,362,3133,362,3133,362,3133,362,3133,362,313 71,074,17071,074,17071,074,17071,074,17071,074,170 71,073,09171,073,09171,073,09171,073,09171,073,091
ljj/0fqm=;+=
1 nfef+z -l8le8]08_ sf] nflu Aoj:yf2 cfos/ Aoj:yf3 nufgLdf gf]S;fgLsf] nflu Aoj:yf4 shf{df gf]S;fgLsf] nflu Aoj:yf5 z+sfZkb cf;fdLsf] nflu Aoj:yf6 cGo gf]S;fgLsf] nflu Aoj:yf7 sd{rf/L ;DaGwL Aoj:yf
-s_ k]G;g tyf pkbfg Aoj:yf-v_ ljbf jfkt Aoj:yf-u_ cfjf; tyf cGo ;'ljwf Aoj:yf-3_ sd{rf/L af]g; Aoj:yf-ª_ cGo
8 cGo Aoj:yf -ljj/0f v'nfpg]_
hDdf
gf]6M rfn' cf=j= df ckn]vg e'QmfgL ul/Psf] Joj:yf lzif{s cGtu{t b]vfO{Psf] /sd e'[Qmfg ul/Psf] 5 .
ljlkg s'df/ nfna= ljQ clws[t
le=s]= s's\/]hf;+rfns
/fh]z s'df/ rf}w/L;xfos dxfk|jGws
czf]s cu|jfn;+rfns
lk=cf/= ld>k|d'v sfo{sf/L clws[t÷;+rfns
P;=aL= dfogfs;+rfns
/fh]Gb| cof{n;+rfns
P;=s]= /f‘ocWoIf
;+nUg k|lta]bgsf] cfwf/df
l;P= P;=l;= nfnlk|lG;knP;=l;= nfn P08 P;f]l;P6rf6{8{ Psfp06]06;\
8,157,895 - . 7,993,421 8,157,895
36,704,817 36,839,295 - . - .
- . - . - . - .
- . - . - . - .
- . - . - . - .
- . - . - . - .
4,314,743 2,604,951 944,920 1,823,979
4,953,636 3,227,834 947,908 4,953,636
- . - . - . - .
16,942,001 - . 27,504,821 16,942,001
- . - . - . - .
- . - . - . - .
- . - . - . - .
71,073,09171,073,09171,073,09171,073,09171,073,091 42,672,08042,672,08042,672,08042,672,08042,672,080 37,391,07037,391,07037,391,07037,391,07037,391,070 31,877,51031,877,51031,877,51031,877,51031,877,510
86
CIL 12th ANNUAL REPORT12th ANNUAL REPORTSchedule - 26 (A)Schedule - 26 (A)Schedule - 26 (A)Schedule - 26 (A)Schedule - 26 (A)
Other Provision
Particulars
Current Year Previous Year Current Year
S.N.
Previous Year
Provision at Begining of the Year Provision for the Year
Current Year Previous Year Current Year Previous Year
Written Back for the Year Provision at the end of the YearAmortized/Payment for the Year
Current Year Previous Year
8,157,895 - . - . - . 7,993,421 8,157,895
- . - . 11,905,626 134,479 24,799,191 36,704,817
- . - . - . - . - . - .
- . - . - . - . - . - .
- . - . - . - . - . - .
- . - . - . - . - . - .
94,050 114,187 - . - . 5,165,614 4,314,743
542,557 - . - . 3,227,834 5,358,987 4,953,636
- . - . - . - . - . - .....
16,689,865 - . - . - . 27,756,957 16,942,001
- . - . - . - . - . - .
- . - . - . - . - . - .
25,484,366 114,187 11,905,626 3,362,313 71,074,170 71,073,091
Note: Under the Column of Amortized/Payment for the year amounts have been paid.
1 Provision For Dividend
2 Provision for Income Tax
3 Provision for loss on Investment
4 Provision for loss on Loan
5 Provision For bad Debts
6 Provision for other Loss
7 Provision For Employees
a) Pension and Gratuity
b) Leave Encashment
c) Housing and Other Benefit
d) Bonus
e) Others
8 Other Provision
Total
As per our report of even date
CA. S.C. LalPrincipal
For S.C. Lal & Associates
Chartered Accountants
Bipin Kumar LalSr. Finance Officer
V.K. KukrejaDirector
Rajesh Kumar ChoudharyAsst. General Manager
Ashok AgrawalDirector
P.R. MishraCEO/Director
S.B. MainakDirector
Rajendra AryalDirector
S.K. RoyChairman
8,157,895 - . 7,993,421 8,157,895
36,704,817 36,839,295 - . - .
- . - . - . - .
- . - . - . - .
- . - . - . - .
- . - . - . - .
4,314,743 2,604,951 944,920 1,823,979
4,953,636 3,227,834 947,908 4,953,636
- . - . - . - .
16,942,001 - . 27,504,821 16,942,001
- . - . - . - .
- . - . - . - .
- . - . - . - .
71,073,091 42,672,080 37,391,070 31,877,510
87
CIL!@cf}+ jflif{s k|ltj]bg!@cf}+ jflif{s k|ltj]bgcg';"rL – @&
ckn]vg÷;dfof]hg x'g af“sL ljljw vr{x?
qm=;+= ljj/0f o; jif{ ut jif{
- .
- .
- .
38,914,678
- .
38,914,67838,914,67838,914,67838,914,67838,914,678
- .
- .
- .
51,168,811
- .
51,168,81151,168,81151,168,81151,168,81151,168,811
1 ckn]vg ug{ af“sL k|f/lDes vr{2 ckn]vg ug{ af“sL k"j{ ;+rfng vr{3 ckn]vg ug{ af“sL nufgL lk|ldod4 ckn]vg ug{ af“sL :yug ul/Psf vr{5 cGo -ljj/0f v'nfpg]_
hDdf
ljlkg s'df/ nfna= ljQ clws[t
le=s]= s's\/]hf;+rfns
/fh]z s'df/ rf}w/L;xfos dxfk|jGws
czf]s cu|jfn;+rfns
lk=cf/= ld>k|d'v sfo{sf/L clws[t÷;+rfns
P;=aL= dfogfs;+rfns
/fh]Gb| cof{n;+rfns
P;=s]= /f‘ocWoIf
;+nUg k|lta]bgsf] cfwf/df
l;P= P;=l;= nfnlk|lG;knP;=l;= nfn P08 P;f]l;P6rf6{8{ Psfp06]06;\
88
CIL 12th ANNUAL REPORT12th ANNUAL REPORT
Miscellaneous Expenses (To the extent not adjusted/amortize)
Schedule - 27Schedule - 27Schedule - 27Schedule - 27Schedule - 27
S.N. Particular Current Year Previous Year
1 Preliminary Expenditure (To the extent not written off)
2 Pre- Operation Expenditure (To the extent not written off)
3 Deferred Expenses (To the extent not written off)
4 Other (To the extent not written off)
Total
- .
- .
38,914,678
- .
38,914,678
- .
- .
51,168,811
- .
51,168,811
As per our report of even date
CA. S.C. LalPrincipal
For S.C. Lal & Associates
Chartered Accountants
Bipin Kumar LalSr. Finance Officer
V.K. KukrejaDirector
Rajesh Kumar ChoudharyAsst. General Manager
Ashok AgrawalDirector
P.R. MishraCEO/Director
S.B. MainakDirector
Rajendra AryalDirector
S.K. RoyChairman
89
CIL!@cf}+ jflif{s k|ltj]bg!@cf}+ jflif{s k|ltj]bgSchedule - 28Schedule - 28Schedule - 28Schedule - 28Schedule - 28
Life Insurance Corporation (Nepal) Ltd.
Significant Accounting Policies
1. General Information:
1.1 Identity of the Company: Life Insurance
Corporation (Nepal) Limited is a limited liability
company domiciled in Nepal. The Company was
incorporated under the Nepal Companies Act, on
December 26, 2000. The address of its registered
office is Kamaladi, Kathmandu, Nepal. The
Company has a primary listing on the Nepal Stock
Exchange Limited.
1.2 Nature of Business: The company obtained
regulatory approval to undertake Life Insurance
business on September 1, 2001 from Beema Samiti
(Insurance Regulatory Authority in Nepal). Under
the approval, the Company is authorized to carry
Life Insurance Business.
1.3 Promoters and shareholders: The principal
promoters of the company are Life Insurance
Corporation of India (55%) and Vishal Group of
Nepal (25%). The General Public holds 20% shares
in the company.
1.4 Authorization to issue financial statements: The
financial statements were authorized for issue by
the Board of Directors on 66th Board Meeting dated
06.01.2014 and by the Insurance Board on
23.01.2014.
2. Summary of significant accounting policies: The
principal accounting policies applied in the preparation
of these financial statements are set out below. These
policies have been consistently applied to all the years
presented, unless otherwise stated.
2.1 Basis of Preparation (NAS 1): Financial
statements have been prepared in accordance with
formats prescribed by Financial Directives 2065 of
Insurance Board of Nepal. The Insurance Board is
authorized by the Insurance Act to prescribe format
for preparation of financial statements. Where as
the said format does not address a particular issue,
Nepal Accounting Standard has been applied.
cg';"rL – @*
nfOkm OG:of]/]G; skf]{/]zg -g]kfn_ ln=
ljlQo ljj/0f;+u ;DalGwt k|d'v n]vf gLltx¿
!= ;fdfGo hfgsf/LM
!=! sDkgLsf] kl/roM nfOkm OG:of]/]G; skf]{/]zg -g]kfn_
ln= g]kfn l:yt Ps l;ldt bfloTj ePsf] sDkgL xf] .
of] sDkgL sDkgL P]g cGtu{t ldlt @^ l8;]Dj/, @)))
df :yfkgf ul/Psf] xf] . o; sDkgLsf] /lhi68{
sfof{nosf] 7]ufgf sdnfbL, sf7df08f}+, g]kfndf /x]sf]
5 . o; sDkgLsf] z]o/ g]kfn lwtf]kq ljlgdo ahf/
ln= df ;"lrs[t /x]sf] 5 .
!=@ Aoj;fosf] k|s[ltM sDkgLn] hLjg aLdf ;DjGwL sf/f]af/
ug{ aLdf ;ldltaf6 ldlt ! ;]K6]Dj/, @))! df cg'dlt
k|fKt u/L hLjg aLdf Aoj;fo ub}{ cfO/x]sf] 5 .
!=# ;+:yfks Pj+ ;fwf/0f z]o/wgLx¿M sDkgLsf] d"Vo
;+:yfksx¿df ef/tLo hLjg aLdf lgud -%% k|ltzt_
/ lazfn u|'k, g]kfn -@% k|ltzt_ /x]sf 5g\ . ;j{;fwf/0f
z]o/wgLx¿sf] @) k|ltzt lx:;f /x]sf] 5 .
!=$ ljlQo ljj/0f hf/L ug{ k|fKt :jLs[ltM ljlQo ljj/0f
hf/L ug{ sDkgLsf] ;~rfns ;ldltsf] ̂ ^ cf}+ a}7saf6
ldlt @)&).)(.@@ df / aLdf ;ldltaf6 ldlt
@)&).!).)( df :jLs[tL k|fKt ePsf] 5 .
@= k|d'v n]vf gLltsf] ;+lIfKt ljj/0fM ljlQo ljj/0fx¿ lgdf{0f
ubf{ cjnDag ul/Psf k|d'v n]vf gLlt lgDg lnlvt /x]sf
5g . cGoyf pNn]v ePsf]df afx]s oL gLltx¿ lg/Gt/
¿kdf nfu" /x]sf 5g\ .
@=! tof/Lsf cfwf/x¿ -g]kfn n]vfdfg !_M ljlQo ljj/0fx¿
aLdf ;ldltåf/f hf/L ul/Psf] ljlQo lgb]{lzsf @)^%
cg';f/sf] 9f“rfdf tof/ ul/Psf] 5 . aLdf ;ldlt aLdf
P]g cg';f/ ljlQo ljj/0fsf] 9f“rf tof/ ug]{ clwsf/
k|fKt lgsfo xf] .
90
CIL 12th ANNUAL REPORT12th ANNUAL REPORTpQm lgb]{lzsfn] ;d]6\g g;s]sf ljifo a:t'nfO{ g]kfnn]vfdfgdf Aoj:yf eP cg';f/ ul/Psf] 5 .
ljlQo ljj/0fx¿ g]kfnL ¿k}+ofdf k|:t't ul/Psf 5g\ .gub k|jfx g/x]sf ljlQo ljj/0fx¿ P]ltxfl;s nfutl;¢fGt tyf :ki6 ¿kdf pNn]v ul/Psf] cj:yfdf afx]sk|f]befjL (Accrual) l;¢fGt cg'¿k tof/ ul/Psf] 5 .
@=@ g]kfn n]vfdfg;usf k|d'v leGgtfx¿M
s_ aLdfz'Ns / cGo cfDbfgLx¿ -aLdfz'Nsdf Aofh_nfO{ gub cfwf/df hgfO{Psf] tyf n]vf°g ul/Psf]5, h'g g]kfn n]vfdfg & df lgb]{lzt ul/Psf]Aoj:yf cg'¿k 5}g . g]kfn n]vfdfg cg':ff/k|fKt ePsf] / k|fKt x'g af“ls /sd ;d]t cfDbfgLdfn]vf°g ul/g' kb{5 .
v_ kl5 e'QmfgL ug'{kg]{ sd{rf/L ;'ljwfx¿ ljj/0ftof/ ubf{sf] ldltnfO{ cjsf; ldlt dfgL ;f]ldltdf sfod x'g cfpg] /sdsf] cfwf/df u0fgful/Psf] 5 h'g g]kfn n]vfdfg !$ cg';f/ 5 .g]kfn n]vfdfg !$ (NAS 14) cg';f/ sd{rf/L;'ljwf bfloTj / ;]jf afktsf] bfloTjsf] nfutsf]jt{dfg d"Nodf u0fgf / n]vf°g ug'{ kb{5 .
#= a}b]lzs d'b|f -g]kfn n]vfdfg !!_M ljb]zL d'b|fdf ul/Psf]sf/f]jf/nfO{ sf/f]jf/ ePsf] ldltdf sfod ljlgdo b/ cg'¿kg]kfnL d'b|fdf ¿kfGt/ ul/Psf] 5 . sDkgLsf] s'g} klg;DklQ tyf bfloTj ljb]zL d'b|fdf /x]sf] 5}g .
$= l:y/ ;DkQLM
:jfldTjdf ePsf] ;DkQL -g]kfn n]vfdfg ̂ _M l:y/ ;DkQLnfO{nfut d"Nodf x|f; s§L / Iflt gf]S;fg 36fO{ b]vfOPsf] 5 .nfut d"Nodf vl/b d"No / To;nfO{ ck]lIft pkof]u x'g] ul/sfo{ ug{;Sg] cj:yfdf Nofpg nfu]sf] cGo ;a} vr{x¿;dfj]z 5g\ .
x|f; s§LM
s_ l:y/ ;DkQLsf] x|f; s§L 36\bf] x|f; k|0ffnLsf] b/n]-cg'dflgt cfo'sf] cfwf/df_ ul/Psf] 5 . ljljw ;DkQLzLif{sx¿ cGtu{t lgDgfg';f/sf] x|f; s§L b/ ckgfOPsf] 5-zLif{sx¿ aLdf ;ldltaf6 tf]lsP adf]lhd /flvPsf] 5_ .
The financial statements are presented in Nepalese
Rupee. The financial statements, except cash flow
statement, are prepared in accordance with the
historical cost convention, on accrual basis of
accounting (except otherwise stated).
2.2 Significant Deviations from Nepal Accounting
Standards:
a) Premium and some of the other incomes
(interest on premium) are recognized and
accounted on cash basis which is a deviation
from the recognition of revenue prescribed in
NAS 7 which requires recognition of revenue
at the fair value of consideration received and
receivable.
b) Post employment benefits of employees are
measured at the amount payable on the date
of preparation of financial statement assuming
retirement on that date. This is deviation from
the measurement and recognition prescribed
in the NAS 14 which requires recognition of
post employment benefits at present value of
defined benefit obligations and current service
cost.
3. Foreign Currency (NAS 11): Transactions in foreign
currencies are translated to Nepalese Rupee at the
foreign exchange rate ruling at the date of the transaction.
The Company has no monetary or non-monetary assets
and liabilities denominated in foreign currency.
4. Fixed Assets (NAS 6):
Owned Assets: Fixed Assets are stated at cost less
accumulated depreciation (see below) and impairment
losses. The cost includes purchase price and any cost
directly attributable to bringing the assets to its working
condition for its intended use.
Depreciation:
a) Depreciation is charged on Written down Value
method over the estimated useful lives of fixed
assets. The depreciation rates applied for various
assets categories are as follows (Categories
prescribed by Beema Samiti).
91
CIL!@cf}+ jflif{s k|ltj]bg!@cf}+ jflif{s k|ltj]bg;DklQsf] k|sf/ x|f; s§L b/
kmlg{r/ / lkmS;/x¿ @%%
sfof{no ;fdfu|L @%%
sDKo'6/ / O=l8=lk= @%%
cb[Zo ;DkQL @%%
lnhdf lnOPsf] ;DkQL @%%
;jf/L ;fwgx¿ @)%
cGo ;DkQLx¿ @%%
v_ l:y/ ;DkQL vl/b u/]sf] csf]{ dlxgfb]lv x|f; s§L
ul/ vr{ n]Vg] Aoj:yf ul/Psf] 5 . laqmL tyf ckn]vg
ul/Psf] l:y/ ;DkQLsf] xsdf laqmL tyf ckn]vg
x'g'eGbf cufl8sf] dlxgf;Dd x|f; s§L ul/Psf] 5 .
u_ ¿= %,)))÷– eGbf sd d"No ePsf] k'“hLut ;fdfgsf]
vl/bnfO{ vl/b u/]sf] jif{df g} gfkmf–gf]S;fg lx;fa /
cfo–Aoo lx;fadf vr{ n]vL n]vf°g ug]{ gLlt lnOPsf] 5 .
%= nufgLM
s_ juL{s/0fM ljlQo ljj/0f tof/ ul/Psf] ldltaf6 !@
dlxgfleq kl/kSj x'g] nufgLnfO{ cNksflng nufgLdf
/flvPsf] 5 . cNksflng afx]s cGo ;a} nufgLnfO{
bL3{sflng nufgL cGt{ut juL{s/0f ul/Psf] 5 .
v_ d"Nof°gM
;/sf/L lwtf]kqM ;/sf/L lwtf]kqx¿df ul/Psf]
nufgLnfO{ nfut d"No jf c+lst d"No dWo] h'g sd 5,
;f]xL b/df n]vf°g ul/Psf] 5 . c+lst d"No eGbf
nfut d"No al9 ePsf] v08df a9L /sd -lk|ldod_
nfO{ ;f] ;/sf/L lwtf]kqsf] e'QmfgL cjlwleq k|To]s
jif{ ;dfg'kflts ¿kdf ckn]vg ul/Psf] 5 . nfut
d"No eGbf c+lst d"No al9 ePsf] v08df To:tf] /sd
-5'6_ nfO{ ;f] ;/sf/L lwtf]kqsf] e'QmfgL cjlwleq
k|To]s jif{ ;dfg'kflts lx;fan] nufgLdf d'gfkmf zLif{s
cGtu{t n]vf°g ul/Psf] 5 .
a}+s tyf ljlQo ;+:yfsf] d'2tL lgIf]kM a}+s tyf ljlQo
;+:yfdf ul/Psf] d'2tL lgIf]knfO{ ;f“jf /sddf n]vf°g
ul/Psf] 5 .
Types of Property Depreciation rate
Furniture & Fixtures 25%
Office Equipment 25%
Computer and EDP 25%
Intangible Assets 25%
Lease Hold Assets 25%
Vehicles 20%
Other Assets 25%
b) Depreciation is provided on the fixed assets from
the subsequent month of the acquisition date to
the prior month of disposal unless it is fully
depreciated before its disposal.
c) Capital Items for less than Rs. 5000/- are treated
as Revenue Expenditure in the year of acquisition
and charged to Profit and Loss Account and
Revenue Account.
5. Investments:
a) Classification: Investments maturing within twelve
months from the date of financial statements are
classified as short-term investments. Investments
other than short-term investments are classified as
long-term investments.
b) Valuation:
Government securities: Government securities are
stated on cost price or face value whichever is less.
Premium (excess of cost price over face value) is
amortized on a straight line basis over the holding/
maturity period. Similarly discount (excess of face
value over cost price) is accounted as gain on
investment on a straight line basis over the holding/
maturity period.
Fixed Deposit of Banks/Financial Institutions:
Fixed deposits in commercial banks and other
financial institutions are accounted on principal
amount.
92
CIL 12th ANNUAL REPORT12th ANNUAL REPORTShares of public Companies: The investments
made in ordinary shares of public companies are
accounted on cost price.
Debentures of Public Companies: Debentures of
public companies are stated on cost price or face
value whichever is less. Premium (excess of cost
price over face value) is amortized on a straight
line basis over the holding/maturity period. Similarly
discounts (excess of face value over cost price)
are accounted as gain on investment on a straight
line basis over the holding/maturity period.
Impairment: Securities that are listed in stock
exchange are considered as marketable securities.
Any loss arising from change in market value is
credited to Provision to Loss on Investment by
charging to Profit and Loss Account. Gain arising
from change in market price is not recognized as
revenue unless disposed.
5.1 Cash and Bank Balances: Cash and bank balance
comprises cash balances, bank balances other
than fixed deposits and other highly liquid materials.
Bank overdrafts that are repayable on demand and
form an integral part of the company’s cash
management are included within borrowings in
current liabilities on the Balance Sheet.
6. Doubtful Debts: The Company does not have any
doubtful debts during the year; as such no provision has
been made.
7. Provision for unexpired risk: The company has not
made any provision for unexpired risk because the entire
surplus has been transferred to Life Fund.
8. Miscellaneous Expenditure to the extent not written
off: Miscellaneous expenditure to the extent not written
off comprises of premium paid on investments as stated
in policy.
klAns ln= sDkgLsf] z]o/x¿M klAns ln= sDkgLx¿sf];fwf/0f z]o/df ul/Psf] nufgLnfO{ nfut d"Nosf]
cfwf/df n]vf°g ul/Psf] 5 .
klAns sDkgLsf] C0fkqx¿M klAns ln= sDkgLsf]
C0fkqnfO{ nfut d"No / c+lst d"No dWo] h'g sd 5,
;f]xL c'g;f/ b]vfO{Psf] 5 . c+lst d"NoeGbf nfut d"No
al9 ePsf] v08df To:tf] al9 /sd -lk|ldod_ nfO{ To:tf]
C0fkqsf] e'QmfgL cjlwleq k|To]s jif{ ;dfg'kflts ¿kdf
ckn]vg ul/Psf] 5 . nfut d"NoeGbf c+lst d"No al9
ePsf] v08df To:tf] /sd -5'6_ nfO{ ;f] C0fkqsf]
e'QmfgL cjlwleq k|To]s jif{ ;dfg'kflts lx;fan] nufgLdf
d'gfkmf zLif{s cGtu{t n]vf°g ul/Psf] 5 .
gf]S;fgLM lwtf]kq ahf/df ;'lrs[t ul/Psf lwtf]kqx¿nfO{
ahf/of]Uo lwtf]kq (Marketable Securities) elgG5 .
To; k|sf/sf] lwtf]kqsf] ahf/ d"Nodf ePsf] kl/jt{gn]
ubf{ ePsf] gf]S;fgL /sdnfO{ nufgLdf ePsf] gf]S;fg
Aoj:yf zLif{sdf hgfO{ gfkmf–gf]S;fg lx;fa vr{ n]vf°g
ul/Psf] 5 . nufgL laqmL gx'“bf;Dd ahf/ d"Nodf ePsf]
km]/abnaf6 ePsf] gfkmfnfO{ hgfO{Psf] 5}g .
%=! gub / a}+s df}HbftM gub / a}+s df}Hbft cGtu{t gub
df}Hbft, d'2tL lgIf]k afx]ssf] a}s df}Hbft / cGo pRr
t/n ;DkQLx¿ /x]sf 5g\ . a}+s clwljsif{, h'g dfu
ePdf e'QmfgL ul/g' k5{, sDkgLsf] gub Aoj:yfkgsf]
cleGg c+usf] ¿kdf /x]sf] 5 . To; k|sf/sf] a}s
clwljsif{nfO{ jf;nftdf rfn' bfloTj cGt/u{t
cNksfnLg shf{ zLif{sdf b]vfOPsf] 5 .
^= z+sf:kb cf;fdLM o; jif{ sDkgLsf] s'g} klg z+sf:kb cf;fdL
/x]sf] 5}g, t;y{ ;f] afktsf] /sd Aoj:yf klg ul/Psf] 5}g .
&= c;dfKt hf]lvd Aoj:yfM ;Dk"0f{ artnfO{ hLjg aLdf sf]ifdf
:ffl/Psf]n] sDkgLn] of] jif{ c;dfKt hf]lvd cGtu{t /sd
Aoj:yf u/]sf] 5}g .
*= ckn]vg ug{ af“ls ljljw vr{M o; cGtu{t sDkgLn] nufgLdf
e'QmfgL u/]sf] lk|ldod /sd /x]sf] 5 .
93
CIL!@cf}+ jflif{s k|ltj]bg!@cf}+ jflif{s k|ltj]bg9. Revenue Recognition (NAS-07):
9.1 Premium Income: Premium Income has been
recognized on cash basis as required under
directives of the Insurance Board.
9.2 Re-insurance Commission: Regular Re-insurance
commissions are recognized on accrual basis.
Profit commissions on re- insurance are recognized
on cash basis which is not in accordance with NAS
07. The Company has received Rs. 42,87,502/- as
profit commission during the year.
9.3 Other Income: Interest (including interest on call
deposit and insurance pool profit) income is
recognized on accrual basis. Dividend income is
recognized as income when right to receive is
established.
9.4 Income from loans and advances: Incomes on
loan against insurance policies and other loans
provided to agents and staffs are accounted for on
accrual basis.
10. Income and Expenditure Allocation Policy:
a) Interest and Dividend incomes are allocated to Profit
and Loss Account and Revenue Account as
prescribed in the Financial Directives 2065 issued
by Insurance Board.
b) Expenses related to insurance business are
charged to Revenue Account.
c) As prescribed in the Financial Directives 2065
issued by Insurance Board, 10% and 90% of
Management expenditure is allocated to Profit &
Loss Account and Revenue Account respectively.
11. Claim Payment: Claims paid include specific claim
settlement costs such as investigation/legal fees and
other directly attributable following a loss accepted.
Claims are accounted for on accrual basis.
(= cfo n]vf°g ljlw -g]kfn n]vfdfg &_M
(=! aLdfz'Ns cfDbfgLM aLdfz'Ns cfDbfgLnfO{ aLdf
;ldltsf] lgb]{lzsf cg'¿k gub cfwf/df n]vf°g
ul/Psf] 5 .
(=@ k'gaL{df sldzgM lgoldt k'gaL{df sldzgnfO{ k|f]befjL
(Accrual) cfwf/df n]vf°g ul/Psf] 5 . k'gaL{df
sldzg cfonfO{ gubL cfwf/df n]vf°g ul/Psf] 5
h'g g]kfn n]vfdfg & adf]lhd /x]sf] 5}g . of] jif{
sDkgLn] ¿= $@,*&,%)@ k'gaL{df gfkmf sldzg cfo
k|fKt u/]sf] 5 .
(=# cGo cfoM Aofh -sn lgIf]kdf k|fKt Aofh ;lxt_
cfonfO{ k|f]befjL (Accrual) cfwf/df n]vf°g ul/Psf]
5 . z]o/ nfef+z cfDbfgLnfO{ nfef+z 3f]if0ff ePsf]
ldltsf] cfwf/df n]vf°g ul/Psf] 5 .
(=$ shf{ / k]ZsLaf6 k|fKt Aofh cfDbfgLM aLdfn]v lwtf]df
k|bfg ul/Psf] shf{ / sd{rf/L Pj+ clestf{nfO{ e'QmfgL
ul/Psf] cGo shf{ af6 k|fKt Aofh cfDbfgLnfO{ k|f]befjL
(Accrual) cfwf/df n]vf°g ul/Psf] 5 .
!)= cfo–Aoo af“8 kmf“8 gLltM
s_ Aofh / nfef+z cfDbfgLnfO{ aLdf ;ldltåf/f hf/L
ul/Psf] ljlQo lgb]{lzsf @)^% cg'¿k gfkmf–gf]S;fg
lx;fa / cfo–Aoo lx;fadf af“8kmf“8 ul/Psf] 5 .
v_ aLdf Aoj;fo;“u ;DjlGwt vr{nfO{ cfo–Aoo lx;fadf
n]vf°g ul/Psf] 5 .
u_ aLdf ;ldltåf/f hf/L ul/Psf] ljlQo lgb]{lzsf @)^%
cg'¿k Aoj:yfkg vr{sf] !)% / ()% /sdnfO{
qmdzM gfkmf–gf]S;fg lx;fa / cfo–Aoo lx;fjdf af“8–
kmf“8 ul/Psf] 5 .
!!= bfjL e'QmfgLM bfjL e'QmfgL cGtu{t bfjL km5\of}{6sf] nflu
cfjZos k/fdz{ tyf cg';Gwfg vr{ / bfloTj :Ljsf/
u/]jfktsf] cGo k|ToIf vr{x¿nfO{ ;dfj]z ul/Psf] 5 .
bfJfL e'QmfgL k|f]befjL (Accrual) cfwf/df n]vf°g ul/Psf]
5 .
94
CIL 12th ANNUAL REPORT12th ANNUAL REPORT11.1 Provision for Insurance Claim: Claims are
recognized on the date of intimation of the loss
without deducting amount recoverable from
reinsurers. Estimated liability for outstanding claims
is determined on the basis of individual claim and
is provided at 115% of outstanding claim as
prescribed in section 15(d) of Insurance Regulation
2049.
12. Recognition of income from Insurance Business:
The insurance liability arising from the insurance
contracts is estimated by independent actuarial
estimation. Amount recommended, on such actuarial
valuation, to recognize as income is recognized in Profit
and Loss Account in accordance with Financial Directives
2065 issued by Insurance Board. However during the
year no such income is recognized on Profit and Loss
Account.
13. Employee Benefits (NAS 14):
Short term employee benefits: Short term benefits to
employees are recognized on accrual basis.
Short term compensated absences: Salary in lieu of
leave is recognized on accrual basis.
Retirement Benefits: The Company has defined benefit
plan for retirement benefits of employees. A defined
benefit plan is a retirement plan that defines an amount
of gratuity benefit that an employee will receive on
retirement, usually dependent on one or more factors
such as age, years of service and compensation. The
Company pays contributions to Citizen Investment Trust
on a contractual basis. The contributions are recognized
as employee benefit expenses when they are due.
14. Income Tax (NAS 9): Income tax on the profit or loss
for the year comprises current and deferred taxes.
Income tax is recognized in the Profit and Loss Account
and Revenue Account except to the extent that it relates
to items recognized directly to equity, in which case it
is recognized in equity.
!!=! aLdf bfjL Aoj:yfM bfjL /sdnfO{ hfgsf/Ldf cfPsf]
ldltdf s"n sjf]n bfloTj /sddf k'gaL{df sDkgLaf6
kfpg' kg]{ /sdnfO{ g36fO{ u0fgf ul/Psf] 5 . e'QmfgL
ug{ af“sL bfjL jfktsf] ;Defljt bfloTjnfO{ aLdf lgodfjnL
@)$(, v08 !%-3_ cg'¿k !!%% k|ltztsf] b/n]
AolStut bfjLsf] cfwf/df Aoj:yf ul/Psf] 5 .
!@= aLdf Aoj;foaf6 k|fKt cfosf] u0fgfM aLdf s/f/af6 pTkGg
aLdf bfloTjx¿sf] n]vf°g :jtGq aLdf°L d'Nof°gsf] cfwfdf
ul/Psf] 5 . To; k|sf/sf] aLdf°L d'Nof°gaf6 cfPsf]
/sdnfO{ cfosf] ¿kdf gfkmf gf]S;fg lx;fadf aLdf ;ldltåf/f
hf/L ul/Psf] laQLo lgb]{lzsf @)^% cg'¿k n]vf°g ul/Psf]
5 . oBkL of] jif{ gfkmf gf]S;fg lx;fadf To; k|sf/sf] cfo
u0fgf ul/Psf] 5}g .
!#= sd{rf/L ;'ljwf -g]kfn n]vfdfg !$_M
cNksflng sd{rf/L ;'ljwfM cNksflng sd{rf/L ;'ljwfnfO{
k|f]befjL cfwf/df u0fgf ul/Psf] 5 .
cNksflng labfafktsf] /sdM labf afktsf] e'QmfgL ug{
af“sL tna /sdnfO{ k|f]befjL cfwf/df u0fgf ul/Psf] 5 .
cjsfz ;'ljwfM sDkgLåf/f sd{rf/Lx¿sf] nflu cjsfz
;'ljwfsf] nfuL lglZrt\ ;'ljwf e'QmfgL x'g] Aoj:yf ul/Psf]
5 . To; Aoj:yf cg'¿k sd{rf/Lx¿n] kfpg] cjsfz
;'ljwfdf pkbfg jfktsf] kfpg] /sd d'Votof sd{rf/Lsf]
pd]/, ;]jf cjlw / tna ;'ljwf cflb cg';f/ lgwf{/0f x'g]
ub{5 . pkbfg ;'ljwf jfktsf] of]ubfg /sd sDkgL /
gful/s nufgL sf]if aLr ePsf] ;Demf}tf cg';f/ gful/s
nufgL sf]ifdf hDdf ul/G5 . of]ubfg /sd e'QmfgL ug'{ kg]{
lbgdf vr{ hgfpg] ul/G5 .
!$= cfos/ -g]kfn n]vfdfg (_M jif{sf] Gffkmf gf]S;fgdf cfos/
cGtu{t rfn' / :yug cfos/ ;dfj]z /x]sf 5g\ . OSo'6Ldf
n]vf°g ul/Psf] /sd afx]s cfos/ /sdnfO{ gfkmf gf]S;fg
lx;fa / cfo–Aoo lx;fadf n]vf°g ul/Psf] 5 .
95
CIL!@cf}+ jflif{s k|ltj]bg!@cf}+ jflif{s k|ltj]bgCurrent Tax: Current tax is the amount of income taxes
payable (recoverable) in respect of the taxable profit (tax
loss) for a period. Current tax liabilities (assets) for the
current and prior periods are measured at the amount
expected to be paid to (recovered from) the taxation
authorities, using the tax rates that have been enacted
by the Balance Sheet date
Deferred Tax: Deferred tax asset is recognized for all
temporary differences to the extent that it is probable
that taxable profit will be available against which the
deductible temporary difference can be utilized.
Deferred tax assets and liabilities are measured at the
tax rates that are expected to apply to the period when
the asset is realized or the liability is settled, based on
tax rates that have been enacted or substantively
enacted by the balance sheet date.
Allocation between Profit and Loss Account and
Revenue Account: Income Tax is allocated between
Profit & Loss Account and Revenue Account as per the
derived weights of Profit & Loss Account and Revenue
Account as prescribed by Financial Directives 2065
issued by the Insurance Board. During the year, as there
is no profit, allocation of Income tax has not been done
to Profit and Loss account and Revenue Account.
15. Impairment of Assets (NAS -18): The carrying amounts
of assets are reviewed at each balance sheet date, if
there is any indication of impairment based on internal/
external factors. An impairment loss is recognized
wherever the carrying amount of an asset exceeds its
recoverable amount. The recoverable amount is the
greater of the assets net selling price and value in use.
In assessing value in use, the estimated future cash
flows are discounted to their present value at the weighted
average cost of capital.
16. Financing and Borrowing Cost (NAS- 08): Financing/
Borrowing costs attributable to the acquisition of the
asset is capitalized as part of the cost of the asset.
Other Financing/Borrowing costs are charged to the
Income Statement.
17. Provisions, Contingent Liabilities and Contingent
Assets (NAS-12): The Company creates a provision when
there is a present obligation as a result of past events
that probably requires an outflow of resources and a
reliable estimate can be made of the amount of the
obligation.
rfn' s/M rfn' s/ of] jif{sf] s/of]Uo cfosf] cfwf/df
e'QmfgL ug'{kg]{ -e'QmfgL lng'kg]{_ cfos/ /sd xf] . of] jif{ /
cl3Nnf] jif{x¿sf] rfn' s/ bfloTj -;DklQ_ nfO{ af;nft
ldltdf nfu" /x]sf] b/ cg'¿k s/ sfof{nonfO{ e'QmfgL
ug'{kg]{ -e'QmfgL lng'kg]{_ /sdsf] cfwf/df u0fgf ul/Psf] 5 .
:yug s/M :yug s/ ;DkQLnfO{ s/ of]Uo cfo / n]vfut
cfosf] ;dofGt/sf] sf/0fn] eljZodf k|fKt x'g;Sg] cfosf]
cfwf/df u0fgf ul/Psf] 5 .
:yug s/ ;DkQL / bfloTjnfO{ jf;nft ldltdf nfu'/x]sf]
s/ b/sf] cfwf/df pQm ;DklQ k|fKt x'g] jf bfloTj km5\of]{6
x'g] ;dodf nfu" x'g ;Sg] s/ b/ sfod ul/ u0fgf ul/Psf]
5 .
gfkmf gf]S;fg lx;fa / cfo–Aoo lx;fadf af“8 kmf“8M cfos/nfO{
gfkmf gf]S;fg lx;fa / cfo–Aoo lx;fadf aLdf ;ldltåf/fhf/L ul/Psf] ljlQo lgb]{lzsf @)^% cg'¿k lgsflnPsf]
ef/sf] cfwf/df af“8–kmf“8 ul/Psf] 5 . of] jif{ s/ of]Uo
gfkmf gePsf]n] cfos/nfO{ gfkmf gf]S;fg lx;fadf af“8kmf“8
ul/Psf] 5}g .
!%= l:y/ ;DkQLsf] Ifo -g]kfn n]vfdfg !*_M l:y/ ;DkQLdf
cfGtl/s Pj+ afx\o sf/0faf6 s'g} Ifo ePsf] kfOPdf To;nfO{k|To]s jf;nft ldltdf k'g/fjnf]sg ul/G5 . l:y/ ;DkQLsf]
d"NoeGbf n]vfl°t /sd (Carrying Amount) a9L ePdf Ifo
x|f; ePsf] dflgG5 . ;Dkltsf] s"n laqmL d"No / pkoflutfsf]
df]n eGbf a9L n]vfl°t /sd /x]sf] x'g kb{5 . pkof]lutfsf]
df]n lgwf{/0f ubf{ k"“hLsf] jt{dfg cf}ift d"Nodf eljiodf x'g]
cg'dflgt gub k|jfxx¿nfO{ 36fO{Psf] 5 .
!^= nufgL tyf C0f nfut -g]kfn n]vfdfg )*_M l:y/ ;DkQLk|fKt ubf{ x'g] nufgL / ;fk6L nfutx¿nfO{ l:y/ ;DkQL
nfutsf] ¿kdf k"“hLs[t ul/Psf] 5 . cGo nufgL tyf ;fk§L
nfutx¿nfO{ cfDbfgL lx;fadf hgfOPsf] 5 .
!&= ;+efljt bfloTjx¿ / ;+efljt ;Dkltx¿sf] k|fjwfgx¿
-g]kfn n]vfdfg !@_M lautdf ePsf] s'g} 36gfsf] sf/0f
jt{dfgdf bfloTj l;h{gf e} ;f]sf] nflu ;|f]taf6 lgsf;f cfjZos
x'g uPdf / bfloTj k'/f ug{ ljZjzgLo /sdsf] th'{df ug{;lsG5 eg] sDkgLn] cfjZos k|fjwfgsf] Joj:yf u5{ .
96
CIL 12th ANNUAL REPORT12th ANNUAL REPORT
ljlkg s'df/ nfna= ljQ clws[t
le=s]= s's\/]hf;+rfns
/fh]z s'df/ rf}w/L;xfos dxfk|jGws
czf]s cu|jfn;+rfns
lk=cf/= ld>k|d'v sfo{sf/L clws[t÷;+rfns
P;=aL= dfogfs;+rfns
/fh]Gb| cof{n;+rfns
P;=s]= /f ‘ocWoIf
;+nUg k|lta]bgsf] cfwf/df
l;P= P;=l;= nfnlk|lG;knP;=l;= nfn P08 P;f]l;P6rf6{8{ Psfp06]06;\
A disclosure for a contingent liability is made when there
is a possible obligation or a present obligation that may,
but probably will not, require an outflow of resources.
When there is a possible obligation or a present obligation
in respect of which the likelihood of outflow of resources
is remote, no provision or disclosure is made.
Contingent assets are not recognized in the financial
statements. However, contingent assets are assessed
continually and if it is virtually certain that an economic
benefit will arise, the asset and related income are
recognized in the period in which the change occurs.
18. Earnings per Share (NAS 26): Basic earnings per share
are calculated by dividing the net profit or loss for the
period attributable to equity shareholders by the weighted
average number of equity shares outstanding during the
period.
19. Comparative information: Comparative information
has not been restated in respect of any items due to
change in accounting policies or fundamental errors.
20. Segment Reporting (NAS 23): A segment is a
distinguishable component of the Company that is
engaged either in providing products or services
(business segment) which is subject to risks and rewards
that are different from those of other segments. These
business segments are reported through separate
revenue accounts.
s'g} ;+efljt bfloTj jf at{dfgdf s'g} bfloTj x'g ;Sg]
-hf] ;+efjt x'b}g_ nfO{ ;|f]taf6 s]xL lgsf;f cfjZos ePdf
;+efljt bfloTjsf] k|fjwfg Joj:yf ul/G5 . olb ;+efljt
bfloTj jf at{dfg bfloTjsf nflu ;|f]taf6 lgsf;f ug{
g;lsg] ePdf o:tf] k|fjwfg /flv+b}g .
ljlQo ljj/0fdf ;+efljt ;DkQLx¿nfO{ n]vf°g ul/+b}g .
t}klg ;+efljt ;DkQLx¿nfO{ lg/Gt/ ¿kn] d"Nof°g ul/Psf]
x'G5, olb cjf:tljs ¿kdf cfly{s nfe cfpg] lglZrt\
ePdf ;f] ;DkQL / ;Da4 cfDbfgLnfO{ kl/jt{g b]lvPsf]cjlwdf n]vf°g ul/G5 .
!*= k|lt z]o/ cfDbfgL -g]kfn n]vfdfg @^_M cfwf/e"t k|lt
z]o/ cfDbfgL lgsfNbf s'g} tf]lsPsf] cjlwdf z]o/wgLx¿nfO{
k|fKt x'g] s"n gfkmf jf gf]S;fgnfO{ ;f] cjlwdf laBdfg s"n
z]o/ ;+Vofn] efu ul/Psf] x'G5 .
!(= t'ngfTds hfgsf/L -g]kfn n]vfdfg !(_M n]vf gLlt jf
cfwf/e"t uNtLsf] sf/0faf6 kl/jt{g ePsf] zLif{sdf ;fk]lIfs
hfgsf/L k'gM jlu{s/0f ul/ pNn]v ul/Psf] 5 .
@)= Aoj;fo v08sf] ljj/0f -g]kfn n]vfdfg @#_M sDkgLn]
k|of]hgdf NofPsf] ljleGg lsl;dsf] ;]jf / zt{ ;lxtsf]
aLdf of]hgfnfO{ ljleGg pko'Qm Aoj;fo v08df (Business
Segment) /fvL ;f]xL cg';f/ cnu–cnu cfo–Aoo lx;fa
tof/ ul/Psf] 5 .
97
CIL!@cf}+ jflif{s k|ltj]bg!@cf}+ jflif{s k|ltj]bgSchedule - 29Schedule - 29Schedule - 29Schedule - 29Schedule - 29
Life Insurance Corporation (Nepal) Ltd.
Notes to Accounts related toFinancial Statements
1. Contingent Liabilities:
a) There are no unpaid investments.
b) The Company has no underwriting commitments.
c) There is no claim beside the insurance policies.
d) There is no guarantee given by the company or on
behalf of the company.
e) There are no other liabilities except repudiated death
claims of Rs. 131.06 lakh.
2. Basis adopted by Actuary while evaluating Insurer’s
liabilities:
In the last valuation (till 15.07.2013), the gross Premium
method of valuation was adopted. Next valuation will be
done on the basis of financial statement of 16.07.2014,
as per instruction of Beema Samiti dated 2069-05-07
Bi. Sa. (2069-70 ) dispatch no. 946 and dated 2070.03.28
Bi. Bi. Sa. 652(2069/70) dispatch no.4935.
3. There are no dispute and limitation regarding the
company’s property. The company owns all the
properties and assets that are purchased by the
Company and there is no dispute on that.
4. Investments equal to life fund, outstanding death claims
& unexpired risk of Financial year 2068/69 (2011/12)
amounting to Rs. 8910851.60 thousand are earmarked
in the name of Insurance Board of Nepal as per their
instruction.
5. The company has not made any commitments on its
loans, investments and fixed assets.
6. Amount relating to purchase/sale agreements of
Investment:
i) There are no acquired properties/assets of which
ownership has not been obtained by the company.
cg';"rL – @(
nfOkm OG:of]/]G; skf]{/]zg -g]kfn_ ln=
ljlQo ljj/0f;+u ;DalGwt n]vf
;DalGw l6Kk0fLx?
!= ;Defljt bfloTjx?M
s_ of] jif{ r'Qmf jf e'QmfgL x'g af“sL nufgL 5}g .
v_ of] jif{ sDkgLn] s'g} k|Tofe"lt k|lta4tf u/]sf] 5}g .
u_ of] jif{ aLdfn]v cGtu{teGbf afx]s cGo s'g} bfaLcfPsf] 5}g .
3_ of] jif{ sDkgLn] jf sDkgLsf] tkm{af6 s'g} Uof/]G6L lbg]sfd ePsf] 5}g .
ª_ c:jLs[t d[To' bfaL /sd ¿= !#!=)^ nfv afx]s cGos'g} bfloTj /x]sf] 5}g .
@= aLdf°Ln] aLdssf] bfloTj d"Nof°g ubf{ cjnDag u/]sf]cfwf/x?Mut aLdf°Lo d"Nof°g -!%=)&=@)!#_ df aLdf°Låf/f s"n(Gross) lk|ldod ljlw ckgfOPsf] 5 / aLdf ;ldltsf] lgb]{zgldlt @)^(.)%.)& lj=lj=zf= -@)^(.&)_ r=g= ($^ /ldlt @)&).)#.@* lj=lj=zf= ̂ %@ -@)^(.&)_ r=g= $(#%adf]lhd cfufdL aLdf°Lo d"Nof°g !^=)&=@)!$ sf] ljlQoljj/0fsf] cfwf/df ug'{kg]{5 .
#= sDkgLsf] ;DkQLdf s'g} lsl;dsf] ;Lldttf tyf ljjfbx?/x]sf] 5}g . sDkgLn] xfn;Dd v/Lb u/]sf] ;Dk"0f{ ;DkQLsDkgLsf] :jfldTjdf /x]sf] 5 / To;df s'g} bfjL jf ljjfb/x]sf] 5}g .
$= aLdf ;ldltsf] lgb]{zfg'zf/ cf=j= @)^*÷@)^( sf] hLjgsf]if, af“sL d[To[ bfjL / c;dfKt hf]lvd a/fa/sf] nufgL/sd ¿= *(,!),*%!=^) xhf/nfO{ Oo/dfs{ u/L aLdf;ldltdf /flvPsf] 5 .
%= shf{, nufgL tyf l:y/ ;DkQLsf] nflu sDkgLn] xfn;Dds'g} lsl;dsf] k|lta4tf AoQm u/]sf] 5}g .
^= nufgL;“u ;DalGwt b]xfosf v/Lb laqmL ;Demf}tfx¿sf] d"No M
s_ v/Lb ul/Psf] ;DkQLsf] :jfldTj k|fKt gePsf] s'g};DkQL g/x]sf] .
98
CIL 12th ANNUAL REPORT12th ANNUAL REPORT
nufgL ePsf] lwtf]kq÷;+:yf /sd ¿=
c_ ;/sf/L lwtf]kq / af]08 *,!#,&%,)))
cf_ jfl0fHo a}+sx? $(,@%,)),)))
O_ ljsf; a}+sx? &,)),)),)))
O{_ kmfOgfG; sDkgLx? ^,#%,)),)))
p_ laleGg sDkgLx?sf] z]o/ tyf C0fkqx? !@,&),&),)))
hDdf kl/kSj ePsf] nufgL *#,$$,$%,)))*#,$$,$%,)))*#,$$,$%,)))*#,$$,$%,)))*#,$$,$%,)))
nufgL ePsf] lwtf]kq÷;+:yf /sd ¿=
c_ ;/sf/L lwtf]kq / af]08 - =cf_ jfl0fHo a}+sx? @,!@,&%,)),)))O_ ljsf; a}+sx? !,*)),)),)))O{_ kmfOgfG; sDkgLx? %,)),)),)))p_ laleGg sDkgLx?sf] z]o/ tyf C0fkqx? !@,@!,*!,$%@
hDdf -s_ @,$&,(^,*!,$%@@,$&,(^,*!,$%@@,$&,(^,*!,$%@@,$&,(^,*!,$%@@,$&,(^,*!,$%@
v_ laqmL ul/Psf] ;DklQsf] e'QmfgL k|fKt x'g af“sLg/x]sf] .
&= jif{e/L ul/Psf] nufgLsf] ljj/0fM
s_ nufgLx?M
v_ o; jif{ cjlw kl/kSj eO{ laqmL ul/Psf nufgLljj/0fx?M
*= sDkgLn] ;a} a}+sx?af6 a}+s df}Hbft ljj/0f k|fKt u/]sf] /;f] d'tflas sDkgLsf] lx;fa ldnfg ul/ ljj/0fsf] nutJojl:yt /flvPsf] 5 .
(= aLds÷k'gaL{ds aLrsf] sf/f]af/ lx;fanfO{ ;DalGwtaLds÷k'gaL{dssf] ;dy{g ;lxtsf] lx;fa ldnfg ljj/0ftof/ kfl/Psf] 5 .
!)= aLdf lgodfjnL tyf aLdf ;ldltaf6 tf]lsP adf]lhdsf]lgb]{zg cg';f/ sDkgLn] nufgL u/]]sf] 5 .
!!= ;DalGwt kIf;“u ePsf] sf/f]af/M
s_ ef/tLo hLjg aLdf lgud;“usf] ;Demf}+tf cg';f/ k|fljlws ;]jfz'Ns jfkt ¿= $@,%$,!!* -Eof6 ;lxt_ e'QmfgLul/Psf] afx]s sDkgLåf/f sDkgLsf] ;+rfns jf ;+rfns;“u;DalGwt JolQm jf ;+:yf;+u s'g} sf/f]af/ ul/Psf] 5}g .k|fljlws ;]jf z"Ns ;Demf}tf aLdf ;ldltaf6 ldlt hgj/L !,@)!# af6 nfu" x'g] u/L % jif{sf nfuL :jLs[t /x]sf] 5 .
ii) There is no amount due against sales of the
company’s property.
7. Detail of investments made during the year is as follows.
a) Investments:
b) Details of matured and sold Investments
during the financial year:
8. The company has received bank statements of all bank
accounts and all bank accounts are reconciled.
9. Description of transactions of re-insurance is approved
by Re-insurer along with reconciliation.
10. The company has made investments according to the
relevant insurance rules and criteria prescribed by
Insurance Board.
11. Related party Transactions:
a) The company has not made any transaction and
investments with Directors of the company or other
person and organization associated to Directors
except Technical Service Fee Rs.4254 thousand
(including VAT) as per agreement with Life
Insurance Corporation of India. The Technical
Service Fee agreement is approved by Insurance
board of Nepal for the period of 5 years w.e.f.
January 1, 2013.
Particulars Amount
a) Government Securities & Bond 8,13,75,000
b) Deposit in Commercial Banks 49,25,00,000
c) Deposit in Development Banks 7,00,00,000
d) Deposit in Finance Companies 6,35,00,000
e) Shares/Debenture of Various Companies 12,70,70,000
Total (A) 83,44,45,000
Particulars Amount
a) Government Securities & Bond - =
b) Deposit in Commercial Banks 2,12,75,00,000
c) Deposit in Development Banks 18,00,00,000
d) Deposit in Finance Companies 5,00,00,000
e) Shares/Units/Debenture of Various Companies 12,21,81,452
Total (A) 2,47,96,81,452
99
CIL!@cf}+ jflif{s k|ltj]bg!@cf}+ jflif{s k|ltj]bgv_ ;+rfns tyf d"Vo Joj:yfksnfO{ lbOPsf] tna, eQf
Pj+ e|d0fjfktsf] cNksflng ;'ljwfx?M
;+rfnsx?nfO{ ;+rfns ;ldlt a}7s eQf ¿= !,%),)))
Nf]vf ;ldlt ;b:ox?nfO{ a}7s eQf ¿= #),)))
;+rfnsx?nfO{ e|d0f eQf ¿=!^,$$,**)
>L kL= cf/= ld> -k|d'v sfo{sf/L clws[t_ ¿= @@,&*,#&!
>L /fh]z s'df/ rf}w/L -;xfos dxf–k|aGws_ ¿= !&,*&,%)(
>L pbo s'df/ -k|aGws cfO=6L=_ ¿=!*,#*,*($
pk/f]Qm tna eQf afx]s a:gsf] nflu 3/sf] Aoj:yf ;d]tul/Psf] 5 .
!@= ;/sf/L C0fkqsf] ;'/If0fdf g]kfn P;=la=cfO= a}saf6sDkgLn] clwljsif{ C0f ;'ljwf jfkt ¿= #,@%,*#@ xhf/lnPsf] 5 . ;fy} Pr P08 jL ljsf; a}+s ln= af6 (),)))xhf/ ;f]lx a}+ssf] d'2tLnfO{ w/f}6L /fvL C0f lnPsf] 5 .
!#= sDkgLn] s/ r'Qmf k|df0fkq cf=j= @)^*÷^( ;Dd k|fKtu/]sf] 5 . cl3Nnf] cf=j= x?sf] s/, hl/jfgf jf Aofh jfkts'g} bfjL k|fKt u/]sf] 5}g / o; jfkt s'g} /sd e'QmfgL ePsf]5}g . cfos/ P]g, @)%* cg';f/ clu|d s/af6 /sd¿= (,#^(=!) xhf/ sDkgLn] cf=j= @)^#÷)^$ ;Ddsf]cfos/ ldnfg u/]sf] 5 . cf=j= @)^#÷)^$ kl5sf] ltg{ kg]{s/ / cu|Ld s/nfO{ qmdzM ltg{ of]Uo / k|fKt ug{ of]Uo eGg]zLif{s cGtu{t 5'§f5'§} u/L /flvPsf] 5 .
!$= of] jif{ sDkgLn] s'g} aLdfz'Ns lkmtf{ u/sf] 5}g .
!%= sDkgLn] laldtnfO{ cf=j= @)^%÷)^* ;Ddsf] af]g;sf] b/3f]if0ff u/]sf] 5 . xfn;Dd cGtl/d af]g;sf] ?kdf nfu"ul/Psf] ljj/0f lgDg cg';f/ /x]sf] 5M
;fjlws aLdf / hLjg cfgGb aLdfn]vx?dfM
jif{ cjlw %–!( @)–@$ @% jf ;f] eGbf al9
af]g; b/ ^!=)) ^%=)) &%=))
wglkmtf{ aLdfM
jif{ cjlw !% @) @%
af]g; b/ ^!=)) ^@=)) ^#=))
b) Compensation paid to key management
Personnel:
Fees Paid to Board Members Rs. 1,50,000
Fees paid to Audit Committee Members Rs. 30,000
Travelling Expenses of Board Members Rs. 16,44,880
Mr. P.R. Mishra (CEO) Rs. 22,78,371
Mr. Rajesh Kumar Choudhary (Asst. G.M.) Rs. 17,87,509
Mr. Uday Kumar (Manager IT) Rs. 18,38,894
In addition to above furnished house is provided to CEO,
Asst. G.M. and Manager IT.
12. The company has taken overdraft loan Rs. 325832
thousand from Nepal SBI Bank Ltd. against the security
of its Government Bonds and Rs. 90000 thousand from
H & B Development Bank Limited against fixed deposit
with same bank.
13. The company has obtained tax clearance certificate till
F.Y. 2068-69 and has not received any claim regarding
fines or interest due of previous year’s income tax and
no payments in this regard is made during the year. The
company has adjusted income tax payable up to F/Y
2063/64 amounting to Rs. 9369.10 thousand from
advance tax amount as per Income Tax Act 2058. Tax
payable and advance tax after F/Y 2063/64 is separately
shown as payable and receivable respectively.
14. The company has not refunded any premium during the
year.
15. The company has declared Vested Bonus up to 2069/
070 which is applicable as interim bonus till date
as follows:
ENDOWNMENT & JEEVAN ANAND POLICIES:
TERM YEAR 5-19 20-24 25-and above
BONUS RATE 61.00 65.00 75.00
MONEY BACK POLICIES:
TERM YEAR 15 20 25
BONUS RATE 61.00 62.00 63.00
100
CIL 12th ANNUAL REPORT12th ANNUAL REPORThLjg t/+u aLdfM
jif{ cjlw !) !% @)
af]g; b/ ^!=)) ^#=)) &@=))
af]g; b/ k|ltxhf/df nfu" x'g]5 .
!^= l9nf] aLdfz'Ns e'QmfgLdf lanDa z'Ns, aLdfn]vsf] lwtf]df
k|bfg ul/g] shf{, clestf{ / sd{rf/LnfO{ k|bfg ul/Psf]
shf{df sDkgLn] b]xfo adf]lhd Aofh b/ lgwf{/0f u/]sf] 5 .
l9nf] aLdfz'Ns e'QmfgLdf lanDj z'Nssf] Aofhb/ !)% k|ltjif{
aLdfn]vsf] lwtf]df lbOg] shf{sf] Aofhb/ !)% k|ltjif{
clestf{ shf{sf] Aofhb/ !)% k|ltjif{
sd{rf/L shf{sf] Aofhb/ &% k|ltjif{
!&= ckn]vg x'g af“sL vr{sf] ljj/0fM ;/sf/L C0fkqsf] vl/bdfe'QmfgL ul/Psf] lk|ldod /sdnfO{ ;f] C0fkqsf] e'Qmfgcjlwleq ckn]vg ul/g] gLlt /x]sf] 5 . of] /sdnfO cg';'rL @sf] nufgLdf gf]S;fg lzif{s cGt{ut b]vfOPsf] 5 .
!*= r'Qmf k"“hLdf o; cf=j= lgDg adf]lhdsf] km/s ePsf] 5M
z]o/ k"“hL cf=j= sf] z'? @,%),))) xhf/
af]g; z]o/ hf/L ul/Psf] !,%%,))) xhf/
s"n z]o/ k"“hL $,)%,))) xhf/
sDkgLn] xsk|b z]o/ hf/L ug]{ k|lqmofdf /x]sf] 5 . h;sf]s'n /sd ¿= !,)!,@%) xhf/ x'g]5 .
sDkgLn] aLdf ;ldltsf] lgb]{zg adf]lhd k|a4{sx?af6¿= *!))) xhf/ z]o/ k"“hL jfkt k|fKt u/]sf] 5 . o;jif{;Dd e'QmfgL k|fKt x'g af“sL (Call in arrears) / hkmtul/Psf t/ k'gM lgisfzg gul/Psf z]o/ s'n r'Qmf k'“hLdf/x]sf] 5}g .
!(= of] jif{ lnhxf]N8 ;DkQLdf s'g} /sd ckn]vg ul/Psf]5}g .
@)= o; jif{ sDkgLsf] jf;nft aflx/sf] s'g} sf/f]af/ /x]sf]5}g .
@!= ut jif{;Ddsf] c:jLs[t d[To' bfaLx?dWo] ¿= !#!=)^ nfva/fa/sf] d'To' bfaL dWo] k'g/fj]bg cbfnt kf6gdf Pp6fd'2f xfn larf/fwLg /x]sf]n] ¿= ! nfvnfO{ e'QmfgL x'gd[To'bfaL zLif{s cGtu{t /flvPsf] 5 .
JEEVAN TARANG POLICIES:
TERM YEAR 10 15 20
BONUS RATE 61.00 63.00 72.00
Bonus rates are applicable for per thousand.
16. The company has determined the interest rate on
late premium payment, loans against insurance
policies, agent’s and employee’s loans as follows:
Interest Rate on late payment of Premium 10% p.a.
Interest Rate on loans against Policies 10% p.a.
Interest Rate on Agent’s loans 10% p.a.
Interest Rate on Employees loans 7% p.a.
17. Details of expenses not written off: Premium paid on
acquisition of government securities (Investment) is
written off over the maturity period of investment. Amount
to be written off is disclosed in annexure 27.
18. Change in share capital during the year is as
below:
Share capital in the beginning of the year 250,000 thousand.
Issue of Bonus share 155,000 thousand
Total Share Capital 405,000 thousand
The company is in process of rights issue of shares
amounting to 101,250 thousand.
The company has received Rs.81000 thousand against
share capital as instructed by Beema Samiti. There are
no calls in arrears and forfeited shares in the total paid
up capital.
19. There is no amortization amount in leasehold property
up to this year.
20. There are no off Balance sheet transactions in this
financial year.
21. Out of Repudiated Death claim amount of Rs. 131.06
lakhs till 16.07.2013, one lakh has been made on
account of outstanding death claim as a case is pending
with Appellate Court, patan.
101
CIL!@cf}+ jflif{s k|ltj]bg!@cf}+ jflif{s k|ltj]bg
ljj/0f >fj0f !, @)^( o; jif{sf] cfiff9 #!, @)&)
sf] df}Hbft /sd sf] df}Hbft
:yug s/ ;DkQL -bfloTj_
;do leGgtfaf6 cfPsf] lx;fa
s_ l:y/ ;DkQL -!%^,%&)_ !)%,!^* -%!,$)@_
v_ :yug vr{ -%,!^#,^!$_ #,^)@,)*% -!,%^!,%@(_
u_ nufgL @,&@%,%%( ##&,(&% #,)^#,%#$
3_ pkbfg÷labf jfktsf] /sd ^^@,%)( -$@%,%#@_ @#^,(&&
v'b -bfloTj_ -!,(#@,!!^_ #,^!(,^(^ !,^*&,%*)
@@= s/M
@@=! :yug s/M o; jif{sf] cGTo;Dddf sDkgLsf] gfkmfgf ]S;fg lx;fadf :yug s/ ;DkQL afkt¿= !^,*&,%*) /sd n]vf°g ul/Psf] 5 . of] /sdlstfaL gfkmf / s/of]Uo gfkmfsf] ;dofGt/af6 x'gcfPsf] xf] h;sf] ljj/0f lgDgfg';f/ /x]sf] 5 .
:yug s/ bfloTj / ;DklQsf u0fgfM
@@=@ lalQo gfkmf / s/ of]Uo gfkmf larsf] lx;fa ldnfg
22. TAX
22.1 Deferred Tax: The Company has recognized
deferred tax assets amounting to Rs. 16,87,580/-
which resulted from the timing differences between
the Book Profit and Tax Profit, up to current year
ended Ashad 31, 2070 (July 15,2013) in Profit &
Loss Account, the details of which is as under:
Recognition of Deferred Tax Liability & Assets:
Particulars Balance as on Arising during Balance as at
Shrawan 1, 2069 the year Ashad 31, 2070
Deferred Tax Assets (Liabilities)
On account of timing difference in:
a) Fixed assets (156,570) 105,168 (51,402)
b) Deferred Expenditure (5,163,614) 3,602,085 (1,561,529)
c) Investment 2,725,559 337,975 3,063,534
d) Gratuity/Leave Encashment 662,509 (425,532) 236,977
Net (Liabilities) (1,932,116) 3,619,696 1,687,580
22.2 Reconciliation between Financial profit and
taxable profit:
Particulars Amount Amount
Surplus as per Revenue Account 3,151,701,549 -aaaaa
Add: Provision for Income Tax 104,232,958 3,255,934,508
Profit as per Profit and Loss Account 277,346,216 -aaaaa
Defferred Tax (2,298,010) 275,048,206
Surplus/Profit before Tax -aaaaa 3,530,982,714
Income Tax as per Financial Surplus/Profit -aaaaa 882,745,678
Tax diffrences as per Income Tax aaaaa aaaaa
Profit recognized from Life Fund -aaaaa (70,712,276)
Dividend from shares -aaaaa (491,005)
Depreciation -aaaaa (121,016)
Repairs and Maintenance -aaaaa -aaaaa
Provision for Loss -aaaaa (2,976,407)
Ammortization -aaaaa 66,123
Loss on purchase of investment -aaaaa 3,063,533
ljj/0f /sd /sd
cfo Joo lx;fasf] art 3,151,701,549 - .
hDdfM cfos/ Joj:yf 104,232,958 3,255,934,508
gfkmf gf]S;fg lx;fasf] gfkmf 277,346,216 - .
:yug s/ (2,298,010)
s/ clwsf] gfkmf 275,048,206
s/ of]Uo gfkmf lalto lja/0f adf]lhd - . 3,530,982,714
laQLo gfkmfdf cfos/ - . 882,745,678
cfos/ s/ adf]lhdsf] km/s .
hLjg ladf sf]ifaf6 ;f/]sf] gfkmf - . (70,712,276)
z]o/ nfef+; - . (491,005)
x|f; - . (121,016)
gf]S;fgLdf Joj:yf - . (2,976,407)
ckn]vg - . 66,123
nufgL vl/bdf g]S;fg - . 3,063,533
102
CIL 12th ANNUAL REPORT12th ANNUAL REPORT
ljj/0f /sd /sd
bfloTj lg;u{af6 gf]S;fgL - . 3,492
s§L ug{ gkfpg] vr{ - . 102,980
rGbf - . 121,250
:yug nufgL lk|ldod - . (813,347)
aLdf z'Ns cfDbfgL 3,150,543,765 - .
af“sL bfjL Joj:yfdf kl/jt{g ( 9 4 6 , 3 2 8 )( 9 4 6 , 3 2 8 )( 9 4 6 , 3 2 8 )( 9 4 6 , 3 2 8 )( 9 4 6 , 3 2 8 ) - .
bfaL km5f}{6 e'QmfgL (327,859,992) - .
v'b cfDbfgL 2,821,737,445 - .
cfos/ ad]lhd 5'6 2,821,737,445 (705,434,361)
cfos/ ad]lhd km/s - . (777,191,034)
cfos/ ad]lhd v'b s/ - . 105 , 554 , 644105 , 554 , 644105 , 554 , 644105 , 554 , 644105 , 554 , 644
cfos/ Joj:yf - . - .
cfo Joo lx;fa 104,232,958 - .
gfkmf gf]S;fg lx;fa 13,321,686 105,554,644
k m / sk m / sk m / sk m / sk m / s - . (0.00)
@#= sd{rf/L cfjf; sf]ifM sDkgLn] sd{rf/Lx?nfO{ cfjf; shf{pknAw u/fpg z'? u/] klg k|rlnt >d P]g cg';f/ sd{rf/Laf;:yfg sf]if v8f ul/Psf] 5}g .
@$= sd{rf/L af]g;M sd{rf/Lx?sf] nfuL s/ of]Uo cl3sf]gfkmfaf6 @!)% af]g;sf] Aoj:yf ul/Psf] 5 .
@%= k"“hL ;DaGwL k|lta4tfM 5}g .
@^= k|lt z]o/ cfDbfgLM k|lt z]o/ cfDbfgLsf] u0fgf ¿= #!ul/Psf] 5, ut jif{ of] ¿= ̂ ( /x]sf] lyof] . ut jif{ # jif{sf]aLdf°Lo d"gfkmnfO{ ;dfj]z u/LPsf] lyof] / o; cf=j= b]lvaLdf ;ldltsf] lgb]{zfg';f/ jflif{s ?kdf klg aLdf°Lo d"Nof°gug{ ;Sg] ePsf]n] sDkgLn] ;f]lx adf]lhdsf] lglt lnPsf] 5 .
@&= cl3Nnf] jif{sf] c+sx? cfjZostf cg';f/ k'gjuL{s/0f tyfk'g;d'lxs/0f ul/Psf] 5 / c+sx?nfO{ lgs6td ?k}ofdfb]vfO{Psf] 5 .
Particulars Amount Amount
Loss from Disposal of Assets - aaa 3,492
Expenses Disallowed - aaa 102,980
Donation - aaa 121,250
Deferred Premium - aaa (813,347)
Premiun Income 3,150,543,765 -aaaaa
Change in provision for outstanding claim (946,328) -aaaaa
Claims Paid (327,859,992) -aaaaa
Net Income 2,821,737,445 -aaaaa
Allowed as per Income tax act 2,821,737,445 (705,434,361)
Tax diffrences as per Income Tax - aaa (777,191,034)
Net Tax as per Income Tax - aaa 105,554,644
Income Tax Provision - aaa -aaaaa
Revenue Account 104,232,958 -aaaaa
Profit and Loss Account 1,321,686 105,554,644
Difference 0
23. Staff Housing Fund: Since the Company has been
extending housing loan to its employees, provision for
staff housing fund as required by the labour Act has not
been made.
24. Staff Bonus: Staff bonus has been provided during the
year @10% on before tax profit.
25. Capital Commitment: Nil.
26. Earnings Per share: The Basic earnings per share have
been calculated as Rs.31 and previous year Rs. 69.
27. Re-grouping: Previous years figures have been
regrouped and rearranged, wherever necessary to make
them comparable with the figures of current year and
figures are shown in nearest Rupees.
ljlkg s'df/ nfna= ljQ clws[t
le=s]= s's\/]hf;+rfns
/fh]z s'df/ rf}w/L;xfos dxfk|jGws
czf]s cu|jfn;+rfns
lk=cf/= ld>k|d'v sfo{sf/L clws[t÷;+rfns
P;=aL= dfogfs;+rfns
/fh]Gb| cof{n;+rfns
P;=s]= /f‘ocWoIf
;+nUg k|lta]bgsf] cfwf/df
l;P= P;=l;= nfnlk|lG;knP;=l;= nfn P08 P;f]l;P6rf6{8{ Psfp06]06;\
103
CIL!@cf}+ jflif{s k|ltj]bg!@cf}+ jflif{s k|ltj]bg
ljlk
g s
'df/ n
fna=
ljQ
clws[t
le=s
]= s's
\/]hf
;+rfn
s
/fh]z
s'df
/ rf}w
/L;x
fos d
xfk|j
Gws
czf
]s c
u|jfn
;+rfn
s
lk=c
f/= ld
>k|d
'v s
fo{sf/L clws[t÷
;+rfn
s
P;=a
L= df
ogfs
;+rfn
s
/fh]Gb
| cof
{n;+r
fns
P;=s
]= /f ‘o
cWo
If
;+nUg
k|lta]b
gsf] cfwf/df
l;P=
P;=
l;= n
fnlk|lG;
knP;
=l;=
nfn
P08
P;f
]l;P6
rf6{8{ P
sfp
06]06
;\
cg
';"r
L – #
)k|d
'v ;
"rs
f°x?
ljj/
0fqm=;+=
cf=
j=;"rsf°
@)^^
÷)^
&@)
^%÷)^
^@)
^&÷)^
*@)
^*÷)^
(
673,
877
,306
408,5
76,1
7824
4,9
59,6
44
270,0
87,
953
290,4
26,8
06
4,0
50,0
00
2,50
0,0
00
2,50
0,0
00
2,50
0,0
00
2,50
0,0
00
166
167
98
108
116
277,3
46,
216
171,
774
,428
(25,1
28,3
08)
(6,2
76,1
99)
80,5
67,7
74
6869
(10)
(3)
32
65.7
965
.26
- .
5.2
620
.00
1,32
0870
415
580
680
1913
(41)
(231
)21
918
,944,3
52
844,2
36,4
01
502,
612,
978
467
,436
,495
327,
420
,018
3,16
8,6
04,1
262,
537
,64
6,938
1,875,6
22,0
361,
54
3,12
5,7
47
1,19
5,8
27,6
62
9910
010
010
010
0
97
(1)
(0)
7
24
2626
2930
99
87
6
102
100
102
103
110
24
1920
1-
.
710
910
9
1213
1214
12
26,4
41
25,1
42
22,1
89
19,7
1416
,875
110
97
91
84
72
27
1515
1412
2015
1715
15
379,8
08
375,4
71
326,
938
261,
414
212,
393
22
22
2
321,
683
344
,553
285,4
55
239,0
51
190,2
38
93
9089
75
69
0.0
10.0
10.0
80.0
70.2
2
2.81
2.05
- .
- .
- .
61-7
5 5
5-7
1 5
2-70
52-
70
52-
70
61-7
5 5
5-7
1 5
2-70
52-
70
52-
70
@)^(
÷)&
)
1g]6
jy{
¿=
2z]o/
;+Vo
f;+V
of3
k|lt
z]o/
lstfjL d
"No¿=
4v"b
gfkmf
¿=
5k|lt
z]o/
cfo (E
PS
)¿=
6k|lt
z]o/
nfe
f+z (D
PS
)¿=
7k|lt
z]o/
ahf
/ d"N
o (M
PP
S)
¿=
8d"N
o cf
DbfgL c
g'kft (P
E R
atio
)cg
'kft
9k|y
d jif{s
f] aLdf
z'Ns
¿=
10s'n
aLdf
z'Ns
¿=
11
v"b a
Ldfz
'Ns÷s
'n aLdf
z'Ns
k|ltz
t12
v"b g
fkmf÷
s'n
aLdf
z'Ns
k|ltz
t13
s'n
aLdf
z'Ns
÷s'n
;DklQ
k|ltz
t14
nufgL /
shf
{af6
cfo÷
s'n
nufgL /
shf
{k|ltz
t15
s'n
nufgL /
shf
{÷hLjg
aLdf
sf]if
k|ltz
t16
k'gaL{df
sldzg
cfo÷
s'n
k'gaL{df
z'Ns
k|ltz
t17
Joj:
yfkg
vr{÷
s'n
aLdf
z'Ns
k|ltz
t18
aLdf
clestf{ ;
DalGw
vr{÷
s'n
aLdf
z'Ns
k|ltz
t19
aLdf
clestf{ ;
+Vof
;+Vof
20sd{r
f/L ;+V
of;+V
of21
sfof{n
osf] ;+V
of;+V
of22
sd{r
f/L vr
{÷Joj
:yfkg
vr{
k|ltz
t23
sd{r
f/L vr
{÷sd{r
f/L ;+V
of¿=
24
e'Qmfg
L x'g
af“s
L bfjL /
sd÷
e'Qmfg
L eP
sf] bfjL /
sd
k|ltz
t25
s'n
sfod
/x]sf] aLdf
n]vsf] ;+V
of;+V
ofdf
26
o; j
if{ gj
Ls/0
f eP
sf] a
Ldfn
]vsf] ;+V
of÷u
t jif{ sf
od /
x]sf] aLdfn]v
sf] ;
+Vof
k|ltz
t27
bfjL k
/]sf] aLdf
n]vsf] ;+V
of÷s
'n sfod
/x]sf] aLdf
n]vsf] ;+V
ofk|ltz
t28
;f]Ne
]G;L
dflh
{gk|ltz
t29
3f]lift
af]g;
b/
¿= k|ltx
hf/
30cG
tl/d
af]g;
b/¿= k|ltx
hf/
104
CIL 12th ANNUAL REPORT12th ANNUAL REPORT
As
per
our
repo
rt o
f ev
en d
ate
CA
. S
.C.
Lal
Pri
nci
pa
l
Fo
r S
.C.
La
l &
Ass
oci
ate
s
Cha
rter
ed A
ccou
ntan
ts
Bip
in K
um
ar
Lal
Sr.
Fin
ance
Off
icer
V.K
. K
ukre
jaD
ire
cto
r
Raje
sh K
um
ar
Ch
ou
dh
ary
Ass
t. G
en
era
l M
an
ag
er
Ash
ok
Ag
raw
al
Dir
ect
or
P.R
. M
ish
raC
EO
/Dir
ecto
r
S.B
. M
ain
ak
Dir
ect
or
Ra
jen
dra
Ary
al
Dir
ecto
r
S.K
. R
oy
Ch
air
ma
n
1N
et
wort
hR
s.
2N
o.
of
Share
sN
um
be
r
3B
ook v
alu
e p
er
share
Rs.
4N
et
pro
fit
Rs.
5E
arn
ing
pe
r sh
are
(E
PS
)R
s.
6D
ivid
end p
er
share
(D
PS
) In
clu
din
g B
onus s
hare
Rs.
7M
ark
et
price
pe
r sh
are
(M
PP
S)
Rs.
8P
rice
Ea
rnin
g R
atio
(P
E R
atio
)R
atio
9F
irst
Year
Pre
miu
mR
s.
10
To
tal
Pre
miu
mR
s.
11
Net
Pre
miu
m /
Tota
l P
rem
ium
%
12
Ne
t P
rofit
/ Tota
l P
rem
ium
%
13
Tota
l P
rem
ium
/ T
ota
l A
sse
ts%
14
Incom
e f
rom
loan,
investm
ent/Tota
l Loan,
investm
ent
%
15
Tota
l In
vestm
ent, loan /
Life f
und
%
16
Re
-in
su
ran
ce
Co
mm
issio
n i
nco
me
/
To
tal
re-i
nsu
ran
ce
pre
miu
m
17
Ma
na
ge
me
nt
exp
en
se
s /
Tota
l p
rem
ium
%
18
Ag
en
ts E
xpenses /
Tota
l pre
miu
m%
19
No.
of A
ge
nts
Nu
mb
er
20
No. of S
taffs
Nu
mb
er
21
No.
of
Bra
nches
Nu
mb
er
22
Em
plo
ye
e e
xp
en
se
s /
Ma
na
ge
me
nt
Exp
en
se
s%
23
Em
plo
yee e
xpenses /
No.
of
sta
ffR
s.
24
O/s
cla
im a
mount/ P
aid
cla
im%
25
No.
of
tota
l polic
ies
Nu
mb
er
26
Curr
ent
year’s
renew
ed p
olic
ies
\ la
st y
ear’s
tota
l polic
ies
%
27
No
. o
f p
olic
ies o
f cla
ims/
Tota
l p
olic
ies
%
28
Solv
ency M
arg
in%
29
Veste
d B
onus R
ate
Rs.
pe
r th
ou
sa
nd
30
Inte
rim
Bonus R
ate
Rs.
pe
r th
ou
sa
nd
Pa
rtic
ula
rsS
.N.
Fis
cal Y
ear
Ind
icato
r2
06
6/0
67
20
65
/06
62
06
7/0
68
20
68
/06
9
Ma
in I
nd
ica
tor
Sch
ed
ule
-
30
Sch
ed
ule
-
30
Sch
ed
ule
-
30
Sch
ed
ule
-
30
Sch
ed
ule
-
30
20
69
/07
0
673,8
77,3
06
408,5
76,1
78
244,9
59,6
44
270,0
87,9
53
290,4
26,8
06
4,0
50,0
00
2,5
00,0
00
2,5
00,0
00
2,5
00,0
00
2,5
00,0
00
166
167
98
108
116
277,3
46,2
16
171,7
74,4
28
(25,1
28,3
08)
(6,2
76,1
99)
80,5
67,7
74
68
69
(10)
(3)
32
65.7
965.2
6- .
5.2
620.0
0
1,3
20
870
415
580
680
19
13
(41)
(231)
21
918,9
44,3
52
844,2
36,4
01
502,6
12,9
78
467,4
36,4
95
327,4
20,0
18
3,1
68,6
04,1
26
2,5
37,6
46,9
38
1,8
75,6
22,0
36
1,5
43,1
25,7
47
1,1
95,8
27,6
62
99
100
100
100
100
97
(1)
(0)
7
24
26
26
29
30
99
87
6
102
100
102
103
110
24
19
20
1- .
710
910
9
12
13
12
14
12
26,4
41
25,1
42
22,1
89
19,7
14
16,8
75
110
97
91
84
72
27
15
15
14
12
20
15
17
15
15
379,8
08
375,4
71
326,9
38
261,4
14
212,3
93
22
22
2
321,6
83
344,5
53
285,4
55
239,0
51
190,2
38
93
90
89
75
69
0.0
10.0
10.0
80.0
70.2
2
2.8
12.0
5- .
- .
- .
61-7
5 5
5-7
1 5
2-7
0 5
2-7
0 5
2-7
0
61-7
5 5
5-7
1 5
2-7
0 5
2-7
0 5
2-7
0
105
CIL!@cf}+ jflif{s k|ltj]bg!@cf}+ jflif{s k|ltj]bgc
g';
"rL –
#!
lad
f°s
f] lj
j/0f
qm=;
+=aLdf
sf] ls
l;d
sfod
/x]sf] aLdf
n]v c
Gtu{t
hDd
f ladf
°sfod
/x]sf] aLdf
n]vsf] ;+Vo
f
o; j
if{ut
jif{
o; j
if{ut
jif{
1;f
jlws
2clu|d
e'Qmfg
L ;f
jlws
3?k
fGtl/t
;fjlws
4cf
hLjg
5Do
fbL
6ljz]if
DofbL
7Ps
n a
Ldfz
'Ns
hDd
f ;d
of6
l/:s
(S
um
at
Ris
k)
o; j
if{ut
jif{
k'gaL{ds
nfO{ x:tfGt/0
f ul/Ps
f] ;d
of6 l/:s
(Sum
at R
isk)
o; j
if{ut
jif{
aLds
n] wf
/0f u/
]sf] ;
d of6
l/:s
(S
um
at
Ris
k)
o; j
if{ut
jif{
13,4
80,6
97,4
57
9,0
09,0
98,9
76
4,7
17,8
61,7
24
3,1
35,2
37,0
67
8,7
62,8
35,7
33
5,8
73,8
61,9
09
5,8
93,6
13,7
55
5,4
54
,34
3,5
01
1,5
25,6
86,3
50
1,3
47,0
32,8
82
4,3
67,9
27,4
05
4,1
07,3
10,6
19
19,0
60,5
67,8
55
14
,608,9
04
,478
16,5
70,9
28,6
03
9,7
85,1
46,8
47
2,4
89,6
39,2
52
4,8
23,7
57,6
31
2,4
26,5
16,8
27
717,7
35,7
67
2,0
70,3
97,8
36
565,1
03,2
18
356,1
18,9
91
152,6
32,5
49
2,2
59,5
35,0
92
1,5
62,1
22,0
00
406,4
17,6
83
299,5
22,7
65
1,8
53,1
17,4
09
1,2
62,5
99,2
35
117,7
57,1
97
104
,036,7
57
111,8
84
,925
108,5
56,2
01
5,8
72,2
72
(4,5
19,4
44
)
29,3
97,5
00
17,4
02,5
00
-
.
-
.
29,3
97,5
00
17,4
02,5
00
43,2
68
,08
5,6
83
43,2
68
,08
5,6
83
43,2
68
,08
5,6
83
43,2
68
,08
5,6
83
43,2
68
,08
5,6
83
31,4
73,6
43,9
79
31,4
73,6
43,9
79
31,4
73,6
43,9
79
31,4
73,6
43,9
79
31,4
73,6
43,9
79
25,4
03,1
77,1
21
25,4
03,1
77,1
21
25,4
03,1
77,1
21
25,4
03,1
77,1
21
25,4
03,1
77,1
21
15,2
40
,59
8,9
80
15,2
40
,59
8,9
80
15,2
40
,59
8,9
80
15,2
40
,59
8,9
80
15,2
40
,59
8,9
80
17,8
64
,90
8,5
62
17,8
64
,90
8,5
62
17,8
64
,90
8,5
62
17,8
64
,90
8,5
62
17,8
64
,90
8,5
62
16,2
33,0
44
,999
16,2
33,0
44
,999
16,2
33,0
44
,999
16,2
33,0
44
,999
16,2
33,0
44
,999
158,3
09
100,0
64
16,3
67,1
58,8
55
12,0
78,2
14,7
50
48,0
98
48,0
41
7,0
20,1
55,1
79
6,5
83,6
85,3
50
81,3
78
72,0
71
21,1
00,8
56,6
89
16,1
56,6
37,0
00
4,7
42
2
,458
2,4
13,3
24
,638
7
27,8
90,0
00
28,3
34
17,7
72
2,4
18,6
55,1
08
1,5
62,1
22,0
00
504
4
80
112,9
46,2
00
1
07,4
50,0
00
318
200
29,3
97,5
00
17,4
02,5
00
321,6
83
321,6
83
321,6
83
321,6
83
321,6
83
24
1,0
86
24
1,0
86
24
1,0
86
24
1,0
86
24
1,0
86
4
9,4
62,4
94
,169
4
9,4
62,4
94
,169
4
9,4
62,4
94
,169
4
9,4
62,4
94
,169
4
9,4
62,4
94
,169
37,2
33,4
01,6
00
37,2
33,4
01,6
00
37,2
33,4
01,6
00
37,2
33,4
01,6
00
37,2
33,4
01,6
00
ljlk
g s
'df/ n
fna=
ljQ
clws[t
le=s
]= s's
\/]hf
;+rfn
s
/fh]z
s'df
/ rf}w
/L;x
fos d
xfk|j
Gws
czf
]s c
u|jfn
;+rfn
s
lk=c
f/= ld
>k|d
'v s
fo{sf/L clws[t÷
;+rfn
s
P;=a
L= df
ogfs
;+rfn
s
/fh]Gb
| cof
{n;+r
fns
P;=s
]= /f ‘o
cWo
If
;+nUg
k|lta]b
gsf] cfwf/df
l;P=
P;=
l;= n
fnlk|lG;
knP;
=l;=
nfn
P08
P;f
]l;P6
rf6{8{ P
sfp
06]06
;\
106
CIL 12th ANNUAL REPORT12th ANNUAL REPORT
As
per
our
repo
rt o
f ev
en d
ate
CA
. S
.C.
Lal
Pri
nci
pa
l
Fo
r S
.C.
La
l &
Ass
oci
ate
s
Cha
rter
ed A
ccou
ntan
ts
Bip
in K
um
ar
Lal
Sr.
Fin
ance
Off
icer
V.K
. K
ukre
jaD
ire
cto
r
Raje
sh K
um
ar
Ch
ou
dh
ary
Ass
t. G
en
era
l M
an
ag
er
Ash
ok
Ag
raw
al
Dir
ect
or
P.R
. M
ish
raC
EO
/Dir
ecto
r
S.B
. M
ain
ak
Dir
ect
or
Ra
jen
dra
Ary
al
Dir
ecto
r
S.K
. R
oy
Ch
air
ma
n
1E
nd
ow
men
t
2A
nti
cip
ate
d E
nd
ow
me
nt
3M
od
ifie
d E
nd
ow
me
nt
4W
ho
le L
ife
Po
lic
y
5Te
rm In
su
ran
ce
Po
lic
y
6S
pe
cia
l T
erm
Po
lic
y
7O
the
r L
ife
In
su
ran
ce
(En
do
wm
en
t S
ing
le P
rem
ium
)
To
tal
13
,48
0,6
97
,45
79
,00
9,0
98
,97
64
,71
7,8
61
,72
43
,13
5,2
37
,06
78
,76
2,8
35
,73
35
,87
3,8
61
,90
9
5,8
93
,61
3,7
55
5,4
54
,34
3,5
01
1,5
25
,68
6,3
50
1,3
47
,03
2,8
82
4,3
67
,92
7,4
05
4,1
07
,31
0,6
19
19
,06
0,5
67
,85
51
4,6
08
,90
4,4
78
16
,57
0,9
28
,60
39
,78
5,1
46
,84
72
,48
9,6
39
,25
24
,82
3,7
57
,63
1
2,4
26
,51
6,8
27
71
7,7
35
,76
72
,07
0,3
97
,83
65
65
,10
3,2
18
35
6,1
18
,99
11
52
,63
2,5
49
2,2
59
,53
5,0
92
1,5
62
,12
2,0
00
40
6,4
17
,68
32
99
,52
2,7
65
1,8
53
,11
7,4
09
1,2
62
,59
9,2
35
11
7,7
57
,19
71
04
,03
6,7
57
111
,88
4,9
25
10
8,5
56
,20
15
,87
2,2
72
(4,5
19
,44
4)
29
,39
7,5
00
17
,40
2,5
00
- .
- .
29
,39
7,5
00
17
,40
2,5
00
43
,26
8,0
85
,68
33
1,4
73
,64
3,9
79
25
,40
3,1
77
,12
11
5,2
40
,59
8,9
80
17
,86
4,9
08
,56
21
6,2
33
,04
4,9
99
Sch
ed
ule
-
31
Sch
ed
ule
-
31
Sch
ed
ule
-
31
Sch
ed
ule
-
31
Sch
ed
ule
-
31
Ac
tua
ry R
ep
ort
S.N
.Ty
pe
s o
f In
su
ran
ce
To
tal S
um
Assu
red
In-f
orc
e N
o. o
f P
olicie
s
Cu
rre
nt Y
ea
rP
rev
iou
s Y
ea
rC
urr
en
t Y
ea
rP
rev
iou
s Y
ea
r
Su
m a
t R
isk b
orn
e b
y in
su
rer
Su
m a
t R
isk t
ran
sfe
rred
to
re-i
nsu
rer
Cu
rre
nt Y
ea
rP
rev
iou
s Y
ea
rC
urr
en
t Y
ea
rP
rev
iou
s Y
ea
rC
urr
en
t Y
ea
rP
rev
iou
s Y
ea
r
Su
m a
t R
isk
15
8,3
09
10
0,0
64
16
,36
7,1
58
,85
51
2,0
78
,21
4,7
50
48
,09
8
4
8,0
41
7
,02
0,1
55
,17
96
,58
3,6
85
,35
0
81
,37
8 7
2,0
71
2
1,1
00
,85
6,6
89
1
6,1
56
,63
7,0
00
4,7
42
2
,45
8 2
,41
3,3
24
,63
8 7
27
,89
0,0
00
28
,33
4 1
7,7
72
2
,41
8,6
55
,10
8 1
,56
2,1
22
,00
0
5
04
4
80
1
12
,94
6,2
00
1
07
,45
0,0
00
31
8 2
00
2
9,3
97
,50
0 1
7,4
02
,50
0
32
1,6
83
24
1,0
86
4
9,4
62
,49
4,1
69
3
7,2
33
,40
1,6
00
107
CIL!@cf}+ jflif{s k|ltj]bg!@cf}+ jflif{s k|ltj]bg
108
CIL 12th ANNUAL REPORT12th ANNUAL REPORT
109
CIL!@cf}+ jflif{s k|ltj]bg!@cf}+ jflif{s k|ltj]bg
110
CIL 12th ANNUAL REPORT12th ANNUAL REPORT
111
CIL!@cf}+ jflif{s k|ltj]bg!@cf}+ jflif{s k|ltj]bg
;fjlws aLdf of]hgfEndowment Plan
of] aLdf of]hgf hLag aLdfsf] >]0fLdf g} ;a} eGbf k|Voft aLdf of]hgf xf] o;n] g ls laldtsf] l56f] d[To'
ePsf]df laldtsf] kl/jf/sf] nflu /sdsf] Joj:yf u/]sf] a? cfjZostf k/]sf] pd]/df Psd'i7 /sd k|fKt
ug{ ;Sg] ul/ hf]xf] u/]sf] x'G5 . aLdf+s /sd, olb l56f] d[To' gePsf] sf/0f e'QmfgL gePdf aLdf ;dflKt
ldltdf e'QmfgL x'g]5 . of] of]hgf !) b]lv ^) jif{ pd]/ aLrsf] JolQmnfO{ pknJw x'g]5 . of] of]hgf jf]gz
;lxtsf] of]hgf xf] . aLdf of]hgfsf] cjlwleq w]/} k|sf/sf] ;'ljwfx? h:t} C0f ;'ljwf, 6d{ /fO8/ ;'ljwf,
b'3{6gf nfe ;'ljwf pknJw x'g]5 .
'S
aLdf ls/0fBima Kiran
aLdf ls/0f Pp6f o:tf] of]hgf xf] h; cGtu{t Go"gtd /sd e'QmfgL u/]]/ clwstd ;'/Iff k|fKt
ug{ ;lsG5 . laldtsf] d[To' ePsf] cj:yfdf aLdf° /sd k|bfg ul/g] 5 / aLdf kl/kSj ldltdf laldtn]
hDdf u/]sf] k'/} /sd lbOg] 5 . aLdf ;dfKtL ldlt kl5 klg laldtsf] aLdf° /sdsf] %) k|ltzt
a/fa/sf] hf]lvd axg x'g]5 . of] of]hgf pd]/ !% b]lv %% jif{sf JolQmx?sf] nflu dfq pknJw
x'g]5 .
'S
gfdn] l;kmfl/z u/] cg'?k g} of] of]hgf s]jn dlxnfx?sf] nflu dfq pknAw 5 . of] !% jif]{ aLdf of]hgf
xf] h;df aLdf k|f/De ePsf] tLg jif{ k"/f ePkl5 k|To]s jif{ aLdf° /sdsf] $ k|ltzt clu|d e'QmfgL aLdf
;dfKt gx'Gh]n lbOg] 5 . aLdf kl/kSj ldltdf aLdf°sf] %@ k|ltzt /sd / ;'lglZrt af]g; ;d]t lbOg]
5 . laldtsf] d[To' ePsf] cj:yfdf k'/} aLdf° /sd / af]g; lbOg] 5 h;df klxn] lbPsf] wglkmtf{ /sd
36fOg] 5}g . nuftf/ k'/f b'O{ jif{sf] aLdfz'Ns e'QmfgL u/]sf] cj:yfdf kl5Nnf] tLg jif{ aLdfz'Ns e'QmfgL
gePsf] cj:yfdf klg aLdf ;'/Iff sfod /xg] 5 . aLdfn]vsf] klxnf] kf“r jif{sf] nflu ? ^% k|lt xhf/sf
b/n] ;'lglZrt af]g; lbOg] 5 .
u[xnIdL aLdfGriha Laxmi
'S
111
C
I
L
!@cf}+ jflif{s k|ltj]bg!@cf}+ jflif{s k|ltj]bg
xfd|f of]hgfx?xfd|f of]hgfx?
hLjg cfgGbJeevan Anand
hLjg cfgGb Pp6f o:tf] of]hgf xf] h;n] aLdfz'Ns e'QmfgL ug'{ kg]{ clGtd ldltsf] jif{ lbj;df k|bQ d'gfkmf ;lxt lgwf{l/t aLdf° k|bfgug]{ 5 / laldt JolQmsf] d[To' geP;Dd aLdf hf]lvd axg ug]{5 .
e'QmfgL kfpg] cj:yfx?
hLljt nfe -6d{ ;dflKt kl5_M d"n aLdf° /sdsf] ;fy cflh{t d'gfkmf .
d[To'nfes_ ;fjlws aLdf cjlw leqM aLdf° /sd / ;f]af6 cflh{t d'gfkmf ;lxt e'QmfgL .v_ ;fjlws aLdf cjlw kZrft\M aLdf° a/fa/sf] /sd k'gM OR5fO{Psf] JolQmnfO{ e'QmfgL ul/g] .
d'gfkmfM ;fwf/0f l/e;{gu/L d'gfkmf /sd aLdfz'Ns e'QmfgL ug'{kg]{ cjlwe/ a[l4 x'“b} hfg] 5 .
jfG5gLo of]Uotf tyf cj:yfx?Go"gtd pd]/ k|j]zdf – !^ jif{ -k"/f ePsf]_clwstd pd]/ k|j]zdf – ^% jif{ -hGdlbg glhs_
clwstd pd]/ clGtd aLdfz'Nse'QmfgL ug'{ kg]{ ;dodf – &) jif{ -hGdlbg glhs_aLdfz'Ns e'QmfgL ug]{ cjlw – % b]lv @% jif{clwstd ;fjlws cjlw – @% jif{Go"gtd aLdf° – ¿= !,)),)))÷– / To;kl5
¿= !),)))÷– xhf/sf] u'0ffdf x'g]5 .clwstd aLdf° – s'g} aGb]h 5}g . -cf+lzs hf]lvdf°gsf] cfwf/df_
'S
afn aLdf of]hgfChildren's Plan
Pn=cfO=;L= -g]kfn_ ln= n] @ j6f laZj;gLo afn aLdf of]hgf -afn ddtf – #$) / afn :g]x – #$!_ wglkmtf{ tyf ;'lglZrt yk ljz]iftf
;dfj]z ePsf] of]hgf k|:t't u/]sf] 5 . of] of]hgf pd]/ ) jif{b]lv !) jif{;Ddsf afnaflnsfx?sf] nflu
pknAw /x]sf] 5 / laldtsf] pd]/ @) jif{ k'/f ePsf] jif{ lbjzdf aLdf kl/kSj x'g]5 . afn ddtf of]hgf
cGtu{t aLdfz'Ns e'QmfgL ug'{ kg]{ cjlw !^ jif{ /x]sf] 5 eg] afn :g]xdf @) jif{ . oL b'j} of]hgfdf aLdf°
/sdsf] @% k|ltzt laldtsf] pd]/ !^ / !* jif{ k'/f ePsf] jif{ lbjzdf k|bfg ul/g] 5 eg] %) k|ltzt /sd
@) jif{ k'/f ePsf] jif{ lbjzdf k|bfg ul/g] 5 . o;n] afnaflnsfsf] ljleGg cTofjZos ;dosf] lglDt
/sdsf] hf]xf] ul/Psf] x'G5 . ;'lglZrt yk d'gfkmf ?= ^% k|lt jif{ k|lt xhf/sf] b/n] aLdf ;dfKtL ldltdf
k|bfg ul/g] 5 . b'ef{Uojz laldtsf] d[To' ePdf klxn] lbPsf] ls:tf /sd g36fO{ aLdf° /sd k|bfg ul/g]
5 . o; of]hgf cGtu{t olb aLdf cjlwdf k|:tfjssf] d[To' ePdf af“sL aLdfz'Ns e'QmfgL ug{ gkg]{, aLdfz'Ns
ldgfx nfe ;d]t k|fKt ug{ ;lsg] k|fjwfg /x]sf] 5 .
'S
112
CIL !@cf}+ jflif{s k|ltj]bg!@cf}+ jflif{s k|ltj]bg
hLjg t/·Jeevan Tarang
;'lglZrt\ jflif{s k]G;g k|bfg ug]{ d'gfkmf ;lxtsf] o; of]hgfn] aLdfsf] cjlw !), !% / @) jif{ kZrft\ laldtsf] pd]/ !)) jif{k'u'Gh]n ;Dd aLdf°sf] % k|ltzt /sd k]G;gsf] ?kdf k|bfg ub{5 . aLdfn]vn] cfh{g u/]sf] lgodfg';f/sf] d'gfkmf /sd aLdf;dflKt ldltdf jf ;f] cufj} laldtsf] d[To' ePdf lbOg]5 . ;fy} aLdf° /sd / yk Loyalty olb ePdf, laldtsf] pd]/ !)) jif{k'/f eP kl5sf] aLdf jif{ lbjzdf jf ;f] ldlteGbf cufj} d[To' ePdf lbOg]5 .
k|d'v ljz]iftfx?{ aLdfz'Ns cfk"mn] /f]h]sf] cjlwleq ltg{ ;lsg] -!) jif{, !% jif{ jf @) jif{_ .{ aLdf e'QmfgL cjlwe/ aLdf° /sd / ;+lrt af]g; ;lxtsf] hf]lvd axg .{ aLdf e'QmfgL cjlwsf] ;dflKtkl5 Psd'i7 af]g; k|fKt x'g] .{ aLdf e'QmfgL cjlwsf] ;dflKtkl5 aLdf° /sd a/fa/sf] lgMz'Ns hf]lvd axg x'g] .{ aLdf e'QmfgL cjlwsf] ;dflKtkl5 aLdf°sf] %% /sd aflif{s ?kdf hLjge/ k]G;g :j?k k|fKt x'g] .
'S
e'QmfgL kfpg] cj:yfx?{ aLdf ;dflKt ldltdf lgodfg';f/sf] d'gfkmf /sd,{ aLdf ;dflKt ldlt kl5 k|To]s aLdf jif{ lbjzdf aLdf°sf]
%% /sd,{ laldt pd]/ !)) jif{ k'/f kl5sf] aLdf jif{ lbjzdf aLdf° /sd .
d[To' ePsf] cj:yfdf{ aLdf ;dflKt ldlt jf ;f] ldlt cufj} laldtsf] d[To' ePdf aLdf° / lgodfg';f/sf] d'gfkmf /sd,{ aLdf ;dflKt ldlt kl5 laldtsf] d[To' ePdf aLdf° /sd .
jfG5gLo of]Uotf tyf cj:yfx?Go"gtd pd]/ k|j]zdf – !% jif{ -k"/f ePsf]_clwstd pd]/ k|j]zdf – ^) jif{ -hGdlbg glhs_
clwstd pd]/ clGtd aLdfz'Nse'QmfgL ug'{kg]{ ;dodf – &) jif{ -hGdlbg glhs_aLdfz'Ns e'QmfgL ug]{ cjlw – !) b]lv @) jif{Go"gtd aLdf° – ¿= !,)),)))÷– /
To;kl5÷¿= !),)))÷–xhf/sf] u'0ffdf x'g] 5 .
clwstd aLdf° – ¿= Ps s/f]8
wglkmtf{ of]hgfMoney Back Plan
wglkmtf{ of]hgf cGtu{t aLdf° /sdsf] lglZrt k|ltzt ;do cjlwsf] cGt/fndf laldtnfO{ lkmtf{ lbOg]
5 . of] aLdfsf] laz]iftf eGg' g} aLdf cjlw leq olb laldtsf] d[To'' ePsf] v08df k'/} aLdf°
/sd -;do cjlwsf] cGt/fndf Survival Benefit afkt lkmtf{ ul/Psf] /sd g36fO{_ af]gz ;lxt k|bfg
ul/g] 5 . ;fy} af]gzsf] u0fgf ;d]t k"/f aLdf°sf] nflu ul/g]5 . Pn=cfO=;L= -g]kfn_ ln= n] wglkmtf{
cGtu{t % k|sf/sf] of]hgfx? -##$, ##%, ##^, ##&, ##(_ k|:t't u/]sf] 5 . h; cGtu{t km/s k|sf/sf]
;do cjlw / km/s km/s k|ltzt survival benefit sf] ;'ljwf /xg]5 .
'S
113
CIL!@cf}+ jflif{s k|ltj]bg!@cf}+ jflif{s k|ltj]bg
hLjg cf:yfJeevan Astha
o; of]hgfsf] ljz]iftfx?
{ Ps k6s dfq aLdfz'Ns a'emfpg' kg{] of]hgf .
{ nufgLstf{sf] cfjZostf k"/f ug{ ;'lglZrt nfe k|bfg ug{] of]hgf .
'S
jfG5gLo of]Uotf tyf cj:yfx?
Go"gtd pd]/ k|j]zdf – !) jif{ -k"/f ePsf]_clwstd pd]/ k|j]zdf* – ^) jif{ -hGdlbg glhs_
Go"gtd aLdf° – ¿= @%,)))÷– / To;kl5¿= %,)))÷– sf] u'0ffdf x'g]5 .
clwstd pd]/ aLdf° – hf]lvdf°gsf] qmddf ljz]if k|:tfasf]nflu aLdf° Ps s/f]8;Dd lbg ;lsg] .
*hGdlbg glhssf], cfwf/df pd]/sf] u0fgf ug]{ .
;'lglZrt yk
o; of]hgf cGtu{t ;'lglZrt\ yk tn pNn]lvt b/df k|bfg ul/g]5 .
s_ # jif]{ cjlwsf] nflu ¿= *)÷– k|lt jif{ k|lt xhf/ aLdf°sf] .
v_ % jif]{ cjlwsf] nflu ¿= *%÷– k|lt jif{ k|lt xhf/ aLdf°sf] .
Single
Premium
;'lglZrtyk nfe
pRr hf]lvdaxg
lgDg z"Nsdfhf]lvd axg
shf{ /;dk{0f ;'ljwf
;a} of]hgfx?sf] nflu Pp6f of]hgf – afn ;fjlws of]hgf{ afnaflnsfnfO{ rfxgf cg';f/sf] nIo xfl;nsf nflu cfPsf] of]hgf{ h:tf];'s} kl/l:yltdf klg eljiosf] ;kgf k'/f ug{ ;xof]uL x'g]bz jif{ jf ;f] eGbf sd pd]/sf afnaflnsfx?sf] nflu gof“ afn ;fjlws -d'gfkmf ;lxtsf]_ of]hgf
cg'kd ljz]iftfx?
S
{ cToGt Go"g aLdf z"Ns b/ { aRrfsf] ;+/lIft Pj+ ;'/lIft eljiosf] nflu { k|lt jif{ af]g; { b'O{ jif{kl5C0f pknAw x'g ;Sg] { % jif{sf] pd]/kl5 aRrfsf] hf]lvd k|f/De x'g] { k|:tfjssf] d[To' ePdf lk|ldodz"Ns a'emfpg gkg]{ { aLdf cjlwsf] ;fgf]÷yf]/} /sdn], cfdfa'afn] cfkm\gf] aRrfsf] nflu b]v]sf] ;kgf;'/lIft agfpg] Uof/]G6L -k|Tofe"lt_ lbg] .
o; of]hgfsf nflu rflxg] of]Uotfx?
Go"gtd clwstdk|j]z pd]/ ) jif{ -kl5Nnf] hGdlbgdf_ !) jif{ -kl5Nnf] hGdlbgdf_kl/kSj x'g] pd]/ @) jif{ -hGdlbg glhsdf_ $% jif{ -hGdlbg glhsdf_aLdf cjlw !% jif{ #% jif{aLdf° /sd ¿= %),))) ¿= %) nfv -?= %))) sf] u'0fgdf_
afn ;fjlws of]hgfChild Endowment Plan
'
114
CIL !@cf}+ jflif{s k|ltj]bg!@cf}+ jflif{s k|ltj]bg
hLjg ;/nJeevan Saral
of]hgfsf cfsif{s ljz]iftfx?{ aLdf axg, aLdf cjlw Pj+ aLdfz'Ns sd u/fpg ldNg] ;'ljwf,{ ;dfg aLdf°sf] nflu ;dfg aLdfz'Ns – aLdfz'Ns pd]/df cfwfl/t x'g],{ kl/kSjtf hlxn] klg ug{ ldNg] aLdf cjlwsf] :jtGqtf,{ ca laldtsf] c;fdlos d[To'df s]jn aLdf° / af]g; /sd dfq xf]Og, aLdfz'Ns -k|yd jif{
afx]s_ klg lkmtf{ x'g],{ aLdfz'Ns klg ;'/lIft,
{ s]jn C0f ;'ljwf dfq x}g, cf+lzs wglkmtf{ ;'ljwf klg,{ hDdf ePsf] /sddf OR5fg';f/sf] wglkmtf{ ug{ ;lsg],{ lk|ldod z'Ns ¿= @%)÷– k|lt dlxgfaf6 z'? x'g]5 .
'S
afG5gLo of]Uotfx?{ Go'gtd k|j]z pd]/ – !^ jif{ k"/f{ clwstd k|j]z pd]/ – -^% jif{ – aLdf cjwL_{ aLdf cjlw ;dflKtdf clwstd cfo' – ^%
jif{{ cjlw M % b]lv #) jif{;Dd{ dlxnf / k'?if b'a}sf] nflu{ $( jif{ pd]/;Ddsf] nflu Go'gtd dfl;s
aLdfz'Ns ¿= @%) / %) jif{ jf ;f]eGbfdflysf pd]/sf] nflu Go'gtd dfl;saLdfz'Ns ¿= $))
{ aLdfz'Nssf] dflyNnf] ;Ldf sfod 5}g, hltklg /fVg ldNg]
;'ljwfx?;dk{0f{ kl/kSj aLdf° /sdsf] *)%, olb @ jif{sf] aLdfz'Ns e'QmfgL ePsf]df,{ kl/kSj aLdf° /sdsf] ()%, olb $ jif{sf] aLdfz'Ns e'QmfgL ePsf]df,{ kl/kSj aLdf° /sd – olb % jif{sf] aLdfz'Ns e'QmfgL ePsf]df –
kl/kSjtf,{ % jif{eGbf sdsf] nflu – pQm pd]/df % jif{sf] kl/kSj aLdf°
/sdaf6 u0fgf x'g] .shf{{ @ jif{sf] aLdfz'Ns e'QmfgL ePkl5 pknAw x'g],{ shf{ /sd ;dk{0f d"Nosf] ()% ;Dd k|fKt x'g] .cltl/Qm lasNk{ b'3{6gf nfe÷czQmtf nfe÷6d{ /fO8/ pknAw .
115
CIL!@cf}+ jflif{s k|ltj]bg!@cf}+ jflif{s k|ltj]bg
j}b]lzs /f]huf/ of]hgfForeign Employment Plan
'S
!*–#% jif{ #^–%) jif{ %!–^$ jif{ ^% jif{ eGbf dflyaLdf cjlw pd]/ ;d"x
! jif{@ jif{# jif{$ jif{% jif{
!,)@%!,*@%@,$#)#,)%)#,%%)
!,%))@,%))#,$))$,@))$,())
#,%))%,)))^,^))*,#))
!),)))
aLdsn] lgwf{/0f u/] adf]lhd
gf]6 Note
116
CIL 12th ANNUAL REPORT12th ANNUAL REPORT
TABLE of CONTENTSljifo ;"rL
of
jf;nft /
Balance Sheet
;+rfns ;ldltsf] k|ltj]bg /
Directors' Report8-17n]vfk/LIfs sf] k|ltj]bg /
Auditor's Report19-20 21-22gfkmf gf]S;fg lx;fa /
Profit & Loss Account23-24Plss[t cfo Joo lx;fa /
Consolidated Revenue Account25-26;fjlws hLjg aLdfsf] cfo Joolx;fa / Revenue Account of
Endowment Policy27-28
jflif{s ;fwf/0f ;ef ;DaGwL ;"rgf1;fwf/0f ;ef ;DaGwL ;fdfGohfgsf/L2
cWoIfåf/f k|:t't k|ltj]bg /
Chairman's Message5-7
clu|d e'QmfgL ;fjlws hLjg aLdfsf]cfo Joo lx;fa / Revenue Account of
Anticipated Endowment Policy29-30?kfGtl/t ;fjlws hLjg aLdfsf]cfo Joo lx;fa / Revenue Account of
Modified Endowment Policy31-32cfhLjg hLjg aLdfsf] cfo Joolx;fa / Revenue Account of Whole
Life Policy33-34DofbL hLjg aLdfsf] cfo Joolx;fa / Revenue Account of
Term Policy35-36
ljz]if DofbL hLjg aLdfsf] cfoJoo lx;fa / Revenue Account of
Special Term Policy37-38cGo hLjg aLdf -Psn aLdfz'Ns_sf] cfo Joo lx;fa / Revenue Account
of Other Policy (Single Premium)39-40gub k|jfxsf] ljj/0f /
Cash Flow Statement41-42OSo"6Ldf ePsf] kl/jt{g ;DaGwLljj/0f / Details of Changes in Equity43-44
cg';"rLx? /
Schedules45-106aLdf ;ldtsf] ;xdlt kq /
Approval Letter of Beema Samiti107
k|j]z–kq
z]o/wgLsf] gfd M »»»»»»»»»»»»»»»»»»»»»»»z]o/ k|df0f–kqdf pNn]lvt kl/ro g+= ……………………z]o/ ;+Vof ……………… ldlt @)&) ;fn kmfNu'g @^ ut], ;f]daf/sf lbg x'g] nfOkm OG:of]/]G; skf]{/]zg -g]kfn_ lnld6]8sf] afx|f}+jflif{s ;fwf/0f ;efdf pkl:yt x'g hf/L ul/Psf] k|j]z–kq .
………………………z]o/wgLsf] b:tvt
b|i6Jo M -!_ z]o/wgL cfk}mn] vfnL sf]i7x? eg'{xf]nf . -@_ ;ef sIfdf k|j]z ug{ of] k|j]z–kq k|:t't ug'{ clgjfo{ 5 .
ljgf]bs'df/ e'h]nsDkgL ;lrj
k|f]S;L–kmf/fd
>L ;+rfns ;ldlt,nfOkm OG:of]/]G; skf]{/]zg -g]kfn_ lnld6]8sf7df8f}+ Knfhf, sf7df8f}+ .dxfzo,
»»»»»»»»»» lhNnf »»»»»»»»»»» g=kf=÷uf=lj=;= »»»»»»»»»»»»» j8f g+= ………a:g] d÷xfdL »»»»»»»»»»»»»»»»»»»»»»»»»»»»»» n] To; sDkgLsf] z]o/jfnfsf] x}l;otn]@)&) ;fn kmfNu'g @^ ut], ;f]daf/sf lbg x'g] afx|f} jflif{s ;fwf/0f ;efdf :jo+ pkl:yt eO{ 5nkmn tyf lg0f{odf ;xefuL x'g g;Sg]ePsf]n] pQm ;efdf efu lng tyf dtbfg ug{sf nflu »»»»»»»» lhNnf »»»»»»» d=g=kf=÷uf=lj=;=»»»»»»»»»» j8f g+= ……… a:g] To; sDkgLsf z]o/wgL >L »»»»»»»»»»»»»»»»»»»» nfO{d]/f]÷xfd|f] k|ltlglw dgf]lgt u/L k7fPsf] 5'÷5f}+ .
k|f]S;L lng]n] eg]{ M
b:tvtM– …………………………………………gfdM– ……………………………………………7]ufgfM– …………………………………………z]o/ k|df0f–kq g+=M– ……………………………ls=g+= ………………… b]lv ………………;Ddz]o/ ;+VofM– ……………………………………ldltM– ……………………………………………
lgj]bs -k|f]S;L lbg]n] eg]{_ M
b:tvtM– …………………………………………gfdM– ……………………………………………7]ufgfM– …………………………………………z]o/ k|df0f–kq g+=M– ……………………………ls=g+= ………………… b]lv ………………;Ddz]o/ ;+VofM– ……………………………………ldltM– ……………………………………………
"
b|i6Jo M -!_ PseGbf a9L k|f]S;Lsf] gfd pNn]v u/]df kmf/fd /2 x'g]5 . -@_ k|f]S;L lgo'Qm ePsf] b/vf:t /lhi68{ sfof{nodf ;ef x'g$* 306f cl3 btf{ ul/;Sg' kg{] 5 .
-ef/tLo hLjg aLdf lgudsf] ;+o'Qm nufgLdf :yflkt_sf7df8f}+ Knfhf, sf7df8f}+, kmf]g M $–!^*%#&
-ef/tLo hLjg aLdf lgudsf] ;+o'Qm nufgLdf :yflkt_sf7df8f}+ Knfhf, sf7df8f}+, kmf]g M $–!^*%#&
CIL!@cf}+ jflif{s k|ltj]bg!@cf}+ jflif{s k|ltj]bg
CIL
CIL