'Form NL-1-B-RA
Name of the Insurer: RGA Life Reinsurance Company of Canada - India Branch
IRDA Registration No. FRB/005
Date of Registration with the IRDAI : 21st December 2016
REVENUE ACCOUNT FOR THE YEAR ENDED MARCH 31, 2021
Fire
Particulars

Premium earned - Net
Income from Investments:

Schedule

NL-4-Premium Schedule(a) Profit/(Loss) on sale/redemption of
investments(b) Interest, Dividends and Rent – Gross(c) Amortisation of discount/(premium)
Other Income:(a) Contribution from the Shareholders' Account(b) Others
TOTAL (A)For the year
ended March
31, 2021-

For the year
ended March
31, 2020-

MarineFor the year
For the year
ended March
ended March
31, 2021
31, 2020--

Miscellaneous
For the year
For the year
ended March
ended March
31, 2021
31, 2020--

Life
For the year
ended March
31, 2021

For the year
ended March
31, 2020

2,503,896

2,470,545(Rs. 000's)
Total
For the year
For the year
ended March ended March 31,
31, 2021
2020
2,503,896

2,470,545

-

-

-

-

-

-

17,884-

17,884

-

-

-

-

-

-

-

1,234,788(98,942)466,587(32,197)

1,234,788(98,942)466,587(32,197)

-

-

-

-

-

-

2,309,195
5,966,821

2,904,935

2,309,195
5,966,821

2,904,935

-

-

-

-

-

-

5,903,013(114,183)
451,347
62,504

14,401,473(118,469)
435,802(41,843)5,903,013(114,183)
451,347
62,504

14,401,473(118,469)
435,802(41,843)

-

-

-

-

-

-

6,302,681

14,676,963

6,302,681

14,676,963

Operating Profit /(Loss) from business C=(A-B)

-

-

-

-

-

-

(335,860)(11,772,028)(335,860)(11,772,028)

APPROPRIATIONSTransfer to Shareholders’ AccountTransfer to Policyholders’ AccountTransfer to Catastrophe Reserve
Transfer to Other Reserves

-

-

-

-

-

-

(335,860)-(11,772,028)-(335,860)-(11,772,028)
-

-

-

-

-

-

-

(335,860)(11,772,028)(335,860)(11,772,028)

Claims Incurred (Net)
Commission (Net)
Operating Expenses related to Insurance BusinessPremium Deficiency Reserve
TOTAL (B)

TOTAL (C)NL-5-Claims Schedule
NL-6-Commission Schedule
NL-7-Operating Expenses ScheduleForm NL-2-B-PL
Name of the Insurer: RGA Life Reinsurance Company of Canada - India Branch
IRDA Registration No. FRB/005
Date of Registration with the IRDAI : 21st December 2016
PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED MARCH 31, 2021
For the year ended
March 31, 2021

(Rs. 000's)
For the year ended
March 31, 2020

(335,860)(11,772,028)

632,965
9,168(50,718)
9,153

349,326(24,105)-

TOTAL (A)Provisions (Other than taxation)(a) For diminution in the value of investments (net)(b) Provision for doubtful debts(c) Others
Other Expenses

264,708(11,446,807)

Expense other than those directly related to the insurance businessBad debts written off
OthersContribution to the Policyholders' Account701
2,309,195

16,272-(Loss) before tax
Tax Expense(Loss) after tax

2,309,896(2,045,188)(2,045,188)

16,272(11,463,079)(11,463,079)

APPROPRIATIONS(a) Interim dividends paid during the year(b Proposed final dividend(c) Dividend distribution on tax(d) Transfer to any reserves/ other accounts
Balance of Profit/(Loss) brought forward from last year

(11,895,274)(432,195)

Balance carried forward to Balance Sheet(13,940,462)(11,895,274)

Particulars
Operating profit/( Loss)(a) Fire(b) Marine(c) Miscellaneous(d) Life
Income From Investments(a) Interest, Dividends and Rent – Gross(b) Profit / Loss on sale/redemption of investments(c) Amortisation of discount/(premium)
Other Income (Interest on Income Tax Refund)

TOTAL (B)

Schedule-

Form NL-3-B-BS
RGA Life Reinsurance Company of Canada - India Branch
IRDA Registration No. FRB/005
Date of Registration with the IRDAI : 21st December 2016
BALANCE SHEET AS AT MARCH 31, 2021
(Rs. 000's)
Particulars
SOURCES OF FUNDS
Share Capital
Reserves and Surplus

Schedule

NL-8-Share Capital Schedule
NL-10-Reserves and Surplus
Schedule

As at March 31,
2021

As at March 31,
2020

-

-

-

-

23,328,375-

Head Office AccountFair Value Change Account23,328,375-

Related to Share Holder's Fund
Related to Policy Holder's Fund
Borrowings

NL-11-Borrowings Schedule
Total

APPLICATION OF FUNDS
Investments
Investments related to Share Holder's Fund
Investments related to Policy Holder's Fund
Sub Total
Loans
Fixed Assets

NL-12-Investment Schedule
NL-12-Investment Schedule

NL-13-Loans Schedule
NL-14-Fixed Assets ScheduleDeferred Tax Asset (Refer Note 1)
Current Assets
Cash and Bank Balance

NL-15-Cash and bank balance
Schedule
NL-16-Advancxes and Other--

23,328,375

23,328,375

8,463,420
16,510,453
24,973,873

10,636,228
14,206,580
24,842,808--

41,64650,263--

1,029,893

448,403

3,058,395
4,088,288

3,234,064
3,682,467

19,399,858
316,036
19,715,894

16,760,272
382,164
17,142,437(15,627,606)(13,459,970)--

Debit Balance in Profit And Loss Account

13,940,462

11,895,274

TOTAL

23,328,375

23,328,375

As at March 31,
2021

As at March 31,
2020

Advances And Other Assets
Sub-Total (A)Current Liabilities
Provisions
Sub-Total (B)NL-17-Current Liabilities
NL-18-Provisions Schedule

NET CURRENT ASSETS (C) = (A – B)
Miscellaneous Expenditure (To the extent not written off or adjusted)

NL-19-Miscellaneous
Expenditure Schedule

CONTINGENT LIABILITIESParticulars

Schedule

Partly paid-up investments
Claims, other than against policies, not acknowledged as debts by thecompany
Underwriting commitments outstanding (in respect of shares and securities)

-

-

-

-

-

-

Guarantees given by or on behalf of the Company
Statutory demands/ liabilities in dispute, not provided forReinsurance obligations to the extent not provided for in accounts
Others (to be specified)

-

-

-

-

Total
Note 1

Deferred tax represents the effect of timing differences between taxable income and accounting income for the reporting period that originate in one
period and are capable of reversal in one or more subsequent periods is recognised considering the tax effect of timing difference.
RGA Life Reinsurance Company of Canada is engaged in the business of reinsurance. The tax liability/ taxable income is determined on the basis of Form I
i.e. actuarial valuation report for the reporting period whereas the books of account are prepared as per IRDAI Regulations. For the financial year 202021, deferred tax asset was not recognised in consideration of prudence, on timing difference being the difference taxable income and accounting incomethat originate in one period and capable of reversal in one or more subsequent periods.

Form NL-4-Premium Schedule
RGA Life Reinsurance Company of Canada - India Branch
IRDA Registration No. FRB/005
Date of Registration with the IRDAI : 21st December 2016
PREMIUM EARNED (NET)(Rs. 000's)
For the year ended March 31, 2021
MiscellaneousMarineParticulars

Fire

Cargo Others Motor Engineering

Workmen's
Compensation /Employer's Liability

Public /Product
Liability

Aviation

Total

Personal
Accident

Health Credit Others

Life

Premium from direct business written
Add : Premium on reinsurance accepted
Less : Premium on reinsurance ceded
Net Premium

-

-

-

-

-

-

-

-

-

-

-

-

4,338,549(1,967,185)
2,371,364

4,338,549(1,967,185)
2,371,364

Adjustment for change in reserve forunexpired risks

-

-

-

-

-

-

-

-

-

-

-

-

132,532

132,532

Total Premium Earned (Net)

-

-

-

-

-

-

-

-

-

-

-

-

2,503,896

2,503,896

-

-

-

-

-

-

-

-

-

-

-

-

4,303,297
35,252

4,303,297
35,252Gross Written Premium
In India
Outside India(Rs. 000's)
For the year ended March 31, 2020
MiscellaneousMarineParticulars

Fire

Cargo Others Motor Engineering

Workmen's
Compensation /Employer's Liability

Public /Product
Liability

Aviation

Personal
Accident

Health Credit Others

Life

Total

Premium from direct business written
Add : Premium on reinsurance accepted
Less : Premium on reinsurance ceded
Net Premium

-

-

-

-

-

-

-

-

-

-

-

-

4,533,633(2,054,990)
2,478,643

4,533,633(2,054,990)
2,478,643

Adjustment for change in reserve forunexpired risks *

-

-

-

-

-

-

-

-

-

-

-

-

(8,098)(8,098)

Total Premium Earned (Net)

-

-

-

-

-

-

-

-

-

-

-

-

2,470,545

2,470,545

-

-

-

-

-

-

-

-

-

-

-

-

4,533,633-

4,533,633-

Gross Written Premium
In India
Outside India*GPV was included under the line unexpired premium reserve under Form NL-4-Premium Schedule that has now been re-classified to Form NL-5 - Claims Schedule as technical reserves.

Form NL-5 - Claims Schedule
RGA Life Reinsurance Company of Canada - India Branch
IRDA Registration No. FRB/005
Date of Registration with the IRDAI : 21st December 2016
CLAIMS INCURRED (NET)(Rs. 000's)
MarineParticulars

Fire

Cargo

OthersMotor

For the year ended March 31, 2021
Miscellaneous
Workmen's
Public /Compensation /Personal
Engineering
Product Aviation
Employer's
Accident
Liability
Liability

HealthCreditOthersDirect Claims Paid
Add : Claims Outstanding at the end of
the yearLess : Claims outstanding at the
beginning of the year
Net Claims paid
Add : Re-insurance accepted
Less : Re-insurance Ceded

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total claims incurred

-

-

-

-

-

-

-

-

-

-

-

Life

Total

-

-

14,602,309

14,602,309

13,072,575

13,072,575-

1,529,734
5,160,901
787,622

1,529,734
5,160,901
787,622-

5,903,013

5,903,013(Rs. 000's)

MarineParticulars

Fire

For the year ended March 31, 2020
Miscellaneous
Workmen's
Public /Compensation /Personal
Engineering
Product Aviation
Employer's
Accident
Liability
Liability

Others

Motor

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Life

Total

HealthCreditOthers

-

-

-

-

-

-

-

-

-

13,072,575

13,072,575

-

-

-

-

-

-

1,025,902

1,025,902

-

-

-

-

-

-

12,046,673
2,354,800-

12,046,673
2,354,800-

14,401,473
Total claims incurred*GPV was included under the line unexpired premium reserve under schedule NL 4 that has now been re-classified to Schedule NL 5 (claims incurred) as technical reserves.

14,401,473

Direct Claims Paid
Add : Claims Outstanding at the end of
the year *Less : Claims outstanding at the
beginning of the year
Net Claims paid
Add : Re-insurance accepted
Less : Re-insurance Ceded

Cargo

-

-

Form NL-6-Commission Schedule
RGA Life Reinsurance Company of Canada - India Branch
IRDA Registration No. FRB/005
Date of Registration with the IRDAI : 21st December 2016
COMMISSION(Rs. 000's)
MarineParticulars

Fire

Cargo

OthersMotor

For the year ended March 31, 2021
Miscellaneous
Workmen's
Public /Personal
Compensation /Engineering
Product Aviation
Accident
Employer's
Liability
Liability

HealthCreditOthers

Life

Total

Commission Paid - Direct
Add : Reinsurance Accepted
Less : Re-insurance Ceded

-

-

-

-

-

-

-

-

-

-

-

-

2,904
(117,087)

2,904(117,087)

TOTAL
Break-up of the Direct
Commission as per details
indicated below:
Agent
Brokers
Corporate Agency
Referrals
Others - Re-insurance cededcommission

-

-

-

-

-

-

-

-

-

-

-

-

(114,183)(114,183)

-

-

-

-

-

-

-

-

-

-

-

-

2,904
-

2,904
-

-

-

-

-

-

-

-

-

-

-

-

-

(117,087)(117,087)

-

-

-

-

-

-

-

-

-

-

-

-

(114,183)(114,183)-(Rs. 000's)
MarineParticulars

Fire

Cargo

OthersMotor

For the year ended March 31, 2020
Miscellaneous
Workmen's
Public /Personal
Compensation /Engineering
Product Aviation
Accident
Employer's
Liability
Liability

HealthCreditOthers

Life

Total

Commission Paid - Direct
Add : Reinsurance Accepted
Less : Re-insurance Ceded

-

-

-

-

-

-

-

-

-

-

-

-

3,885
(122,354)

3,885(122,354)

TOTAL
Break-up of the Direct
Commission as per details
indicated below:
Agent
Brokers
Corporate Agency
Referrals
Others - Re-insurance cededcommission

-

-

-

-

-

-

-

-

-

-

-

-

(118,469)(118,469)

-

-

-

-

-

-

-

-

-

-

-

-

3,885
-

3,885
-

-

-

-

-

-

-

-

-

-

-

-

-

-

(122,354)(122,354)

-

-

-

-

-

-

-

-

-

-

-

-

(118,469)(118,469)

Form NL-7- Operating Expenses Schedule
RGA Life Reinsurance Company of Canada - India Branch
IRDA Registration No. FRB/005
Date of Registration with the IRDAI : 21st December 2016
OPERATING EXPENSES RELATED TO INSURANCE BUSINESS(Rs. 000's)
For the year ended March 31, 2021
MiscellaneousMarineParticulars

Employee's remuneration and welfare benefits
Travel, conveyance and vehicle running expenses
Accommodation Expenses
Membership/Registration and other filing Fees
Staff welfare expenses
Office Expenses / MaintenanceTraining and education expenses
Rents, rates and taxes
Repairs and Maintenance
Printing and supplies
Communication expenses
Legal and professional charges
Auditor's fees, expenses etc.
a) as auditorb) as adviser or in any other capacity, in
respect of(i) Taxation matters(ii) Insurance matters(iii) Management services; andc) in any other capacity (including Tax Audit)
Advertisement and publicity
Interest and Bank charges / Fees
Forex Gain / Loss
Recruitment Cost
Miscellaneous expenses
Depreciation
Business Promotion Expenses
Inadmissible GST Credit
Management Fees Expenses
Interunit charges and allocated expenses
Postage and Courier
Books and Periodicals
Security Expenses
Coronavirus Related Expenses
Interest on statutory dues
TOTAL

Fire

Workmen's
Compensatio
Engineerinn/g
Employer's
Liability

Public /Product
Liability

Cargo

Others

Motor

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Aviation

Personal
Accident

HealthCreditOthers

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Life

Total

139,803
54
158
3,321
903
1,177
61
15,511
98
24
265
29,532
1,500

139,803
54
158
3,321
903
1,177
61
15,511
98
24
265
29,532
1,500

300
4,278
(6,767)67(6,023)9,372
397
89,70129,013
135,887
450
341
1,924
451,347300
4,278(6,767)67(6,023)9,372
397
89,70129,013
135,887
450
341
1,924
451,347(Rs. 000's)

MarineParticulars

Employee's remuneration and welfare benefits
Travel, conveyance and vehicle running expenses
Accommodation Expenses
Membership/Registration and other filing Fees
Staff welfare expenses
Office Expenses / MaintenanceTraining and education expenses
Rents, rates and taxes
Repairs and Maintenance
Printing and supplies
Communication expenses
Legal and professional charges
Auditor's fees, expenses etc.
a) as auditorb) as adviser or in any other capacity, in
respect of(i) Taxation matters(ii) Insurance matters(iii) Management services; andc) in any other capacity (including Tax Audit)
Advertisement and publicity
Interest and Bank charges / Fees
Forex Gain / Loss
Recruitment Cost
Miscellaneous expenses
Depreciation
Business Promotion Expenses
Inadmissible GST Credit
Management Fees Expenses
Interunit charges and allocated expenses
Security Expenses
Interest on statutory dues
TOTAL

Fire

-

For the year ended March 31, 2020
Miscellaneous
Workmen's
Compensatio Public /Engineerin
Personaln/
Product Aviationg
Accident
Employer's
Liability
Liability

Cargo

Others

Motor

-

-

-

-

-

-

-

HealthCreditOthers

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Life

Total

140,802
3,724
1,033
3,227
2,736
4,103
871
15,5114267
142
20,8531,500

140,802
3,724
1,033
3,227
2,736
4,103
871
15,5114267
142
20,853
1,500

250
3,262
5,127
10,426
230
8,227
3,485
91,978
12,970104,271467
498-

435,802

250
3,262
5,127
10,426
230
8,227
3,485
91,978
12,970104,271467
498
435,802

Form NL-8- Share Capital Schedule
Name of the Insurer: RGA Life Reinsurance Company of Canada - India Branch
IRDA Registration No. FRB/005
Date of Registration with the IRDAI : 21st December 2016
SHARE CAPITAL
Particulars
Authorised Capital
Issued Capital
Subscribed Capital
Called Up Capital
Less : Calls unpaid
Add : Equity shares forfeitedLess : PAR Value of Equity Shares bought backLess : Preliminary Expenses
Expenses including commission or brokerage on
Underwriting or subscription of shares
TOTAL

As at March 31,
2021(Rs. 000's)
As at March 31,
2020

-

-

-

-

Notes: Not applicable as per Para 4 part (ii) of IRDAI Circular Ref. IRDA/F&A/CIR/CPM/056/03/2016.

Form NL-9-Pattern of Shareholding Schedule
Name of the Insurer: RGA Life Reinsurance Company of Canada - India Branch
IRDA Registration No. FRB/005
Date of Registration with the IRDAI : 21st December 2016
PATTERN OF SHAREHOLDING

Shareholder

As at March 31, 2021
Number of Shares

Promoters- Indian- Foreign
OthersTOTAL-

As at March 31, 2020

% of Holding-

Number of Shares-% of Holding-Form NL-10-Reserve and Surplus Schedule
Name of the Insurer: RGA Life Reinsurance Company of Canada - India Branch
IRDA Registration No. FRB/005
Date of Registration with the IRDAI : 21st December 2016
RESERVES AND SURPLUS(Rs. 000's)
Particulars
Capital Reserve
Capital Redemption Reserve
Share Premium
General Reserves
Less: Debit balance in Profit and Loss AccountLess: Amount utilized for Buy-back
Sub Total
Catastrophe Reserve
Other Reserves
Balance of Profit in Profit & Loss Account
TOTAL

As at March 31,
2021-

As at March 31,
2020-Form NL-11-Borrowings Schedule
Name of the Insurer: RGA Life Reinsurance Company of Canada - India Branch
IRDA Registration No. FRB/005
Date of Registration with the IRDAI : 21st December 2016
BORROWINGSParticulars
Debentures/ Bonds
Banks
Financial Institutions
OthersTOTAL

As at March 31,
2021(Rs. 000's)
As at March 31,
2020

-

-

-

-

Form NL-12-Investment Schedule
Name of the Insurer: RGA Life Reinsurance Company of Canada - India Branch
IRDA Registration No. FRB/005
Date of Registration with the IRDAI : 21st December 2016
INVESTMENTS - SHAREHOLDERS
Particulars
LONG TERM INVESTMENTS
Government Securities and Government guaranteed bonds including treasury bills

As at March 31,
2021(Rs. 000's)
As at March 31,
2020

7,008,865

8,966,210-

Other Approved Securities
Other Investments(a) Shares(aa) Equity(bb) Preference(b) Mutual Funds(c) Derivative Instruments(d) Debentures/ Bonds(e) Other Securities(f) Subsidiaries(g) Investment Properties-Real Estate
Investments in Infrastructure and Social Sector

1,454,555

1,670,018

Other than Approved Investments--

SHORT TERM INVESTMENTS
Government Securities and Government guaranteed bonds including treasury bills--

Other Approved Securities--

Other Investments(a) Shares(aa) Equity(bb) Preference(b) Mutual Funds(c) Derivative Instruments(d) Debentures/ Bonds(e) Other Securities (to be specified)(f) Subsidiaries(g)Investment Properties-Real Estate
Investments in Infrastructure , Social Sector and Housing
Other than Approved Investments

-

-

TOTAL

8,463,420

10,636,228

INVESTMENTS - POLICYHOLDERS(Rs. 000's)
Particulars

LONG TERM INVESTMENTS
Government Securities and Government guaranteed bonds including treasury bills

As at March 31,
2021

As at March 31,
2020

13,672,904

11,975,972

Other Approved Securities--

Other Investments(a) Shares(aa) Equity(bb) Preference(b) Mutual Funds(c) Derivative Instruments(d) Debentures/ Bonds(e) Other Securities (to be specified)(f) Subsidiaries(g) Investment Properties-Real Estate--

Investments in Infrastructure and Social Sector

2,837,549

2,230,608

Other than Approved Investments
SHORT TERM INVESTMENTS
Government Securities and Government guaranteed bonds including treasury bills--

Other Approved Securities--

Other Investments(a) Shares(aa) Equity(bb) Preference(b) Mutual Funds(c) Derivative Instruments(d) Debentures/ Bonds(e) Other Securities (to be specified)(f) Subsidiaries(g)Investment Properties-Real Estate
Investments in Infrastructure , Social Sector and Housing
Other than Approved Investments

-

-

TOTAL

16,510,453

14,206,580

Form NL-13-Loans Schedule
Name of the Insurer: RGA Life Reinsurance Company of Canada - India Branch
IRDA Registration No. FRB/005
Date of Registration with the IRDAI : 21st December 2016
LOANS
(Rs. 000's)
Particulars

Security-Wise Classification
Secured(a) On mortgage of property(aa) In India(bb) Outside India(b) On Shares, Bonds, Govt. Securities etc.
(d) Others
Unsecured
TOTAL
BORROWER-WISE CLASSIFICATION(a) Central and State Governments(b) Banks and Financial Institutions(c) Subsidiaries(d) Industrial Undertaking(e) Others
TOTAL
PERFORMANCE-WISE CLASSIFICATION(a) Loans classified as standard(aa) In India(bb) Outside India(b) Non-standard loans less provisions(aa) In India(bb) Outside India
TOTAL
MATURITY-WISE CLASSIFICATION(a) Short-Term(b) Long-Term
Total

As at March 31,
2021

As at March 31,
2020

-

-

-

-

Form NL-14-Fixed Assets Schedule
Name of the Insurer: RGA Life Reinsurance Company of Canada - India Branch
IRDA Registration No. FRB/005
Date of Registration with the IRDAI : 21st December 2016
FIXED ASSETS

Particulars
Intangibles
SoftwareTangibles
Leasehold Improvements
Buildings
Furniture & Fittings
Information Technology
Equipment (Computer)
VehiclesOffice Equipment
Sub Total
Capital Work In Progress (including capital advances)

Opening

Gross Block
Additions for Deductions forthe yearthe year

Depreciation
Closing

Upto Last YearFor the year

On
Sales/Adjustments

Upto year end(Rs. 000's)
Net BlockAs at March
As at March
31, 2021
31, 2020

56,138--56,138

8,906

7,925

-

16,83139,30747,232

-

-

-

-

-

-

-

-

-

-

5,299

516

-

5,815

2,808

1,268

4,076

1,739

2,491

756
62,193

240
756

-

996
62,949217
11,931

179
9,372

-

396
21,303600
41,646

540
50,263

-

-

-

-

-

-

-

-

-

-

TOTAL

62,193756-

62,94911,931

9,372-

21,30341,64650,263As at March 31, 2020

49,204

12,989-62,193

3,703

8,228

-

11,93150,26345,500Form NL-15-Cash And Bank Balance Schedule
Name of the Insurer: RGA Life Reinsurance Company of Canada - India Branch
IRDA Registration No. FRB/005
Date of Registration with the IRDAI : 21st December 2016
CASH AND BANK BALANCES
Particulars
Cash (including cheques,drafts and stamps)
Bank Balances(a)
Deposit Accounts(aa) Short-term (due within 12 monthsof the date of balance sheet)(bb) Others(b)Current Accounts(c)OthersMoney at Call and Short Notice(a)With Banks(b)With other Institutions
OthersBalances with non-scheduled banks included in 2 and 3 above
TOTAL

As at March 31,
2021(Rs. 000's)
As at March 31,
2020

-

-

-

-

1,029,893
1,029,893

448,403448,403

Form NL-16-Advances And Other Assets Schedule
Name of the Insurer: RGA Life Reinsurance Company of Canada - India Branch
IRDA Registration No. FRB/005
Date of Registration with the IRDAI : 21st December 2016
ADVANCES AND OTHER ASSETS
Particulars
ADVANCES
Reserve deposits with ceding companies
Application money for investments
Prepayments
Advances to Directors/Officers
Advance tax paid and taxes deducted at source (Net of provision for
taxation)
Others - Advances to employees
TOTAL (A)As at March 31,
2021(Rs. 000's)
As at March 31,
2020

2,699
-

2,095
-

218,721

187,36929

227

221,449

189,691

521,289
1,550,273
752,620

500,967
2,439,189-

OTHER ASSETS
Income accrued on investments
Outstanding Premiums
Agents’ Balances
Foreign Agencies’ Balances
Due from other entities carrying on insurance business(including reinsurers)
Due from subsidiaries/ holding
Deposit with Reserve Bank of India (In Pursuant to Sec 7 of Insurance
Act, 1938)
Others- Sundry Debtors- Input Tax Credit- Others
TOTAL (B)

12,662102
2,836,946

103,926291
3,044,373

TOTAL (A+B)

3,058,395

3,234,064

-

-

-

-

Form NL-17-Current Liabilities Schedule
Name of the Insurer: RGA Life Reinsurance Company of Canada - India Branch
IRDA Registration No. FRB/005
Date of Registration with the IRDAI : 21st December 2016
CURRENT LIABILITIESParticulars
Agent's Balances
Balances due to other insurance companies Including Reinsurer /Related party.
Deposits held on re-insurance ceded
Premiums received in advance
Unallocated premium
Sundry creditors
Due to subsidiaries/holding company
Claims Outstanding (Incl IBNR Claims)
Due to Officers/Directors
Others:Current Account of Head Office
Statutory dues payable
Payable to employees
TOTAL

As at March 31,
2021(Rs. 000's)
As at March 31,
2020

-

-

-

709,004

393,093
18,928,761

264,311
15,573,989

40,161
37,518325

40,161
172,768
39

19,399,858

16,760,272

Form NL-18-Provisions Schedule
Name of the Insurer: RGA Life Reinsurance Company of Canada - India Branch
IRDA Registration No. FRB/005
Date of Registration with the IRDAI : 21st December 2016PROVISIONS
Particulars

Reserve for unexpired risk
For taxation (less payments and taxes deducted at source)
For proposed dividends
For dividend distribution tax
For employee benefits- Gratuity- Leave Encashment- Bonus
Premium Deficiency Reserve
TOTAL

As at March 31,
2021(Rs. 000's)
As at March 31,
2020

206,290-338,821-

12,6696,095
4,524
86,458

8,889
6,661
3,839
23,954

316,036

382,164

Form NL-19 Misc Expenditure Schedule
Name of the Insurer: RGA Life Reinsurance Company of Canada - India Branch
IRDA Registration No. FRB/005
Date of Registration with the IRDAI : 21st December 2016
MISCELLANEOUS EXPENDITURE(To the extent not written off or adjusted)(Rs. 000's)
Particulars
Discount Allowed in issue of shares/ debentures
OthersTOTAL

As at March 31, As at March 31,
2021
2020
-

-

-

-

FORM NL-20-RECEIPT AND PAYMENTS SCHEDULE
Name of the Insurer: RGA Life Reinsurance Company of Canada - India Branch
IRDA Registration No. FRB/005
Date of Registration with the IRDAI : 21st December 2016
Receipts and Payments A/c to be furnished by the insurers on direct basis
For the year ended March
31, 2021(Rs. 000's)
For the year ended March
31, 2020

I Cash flows from operating activities
Reinsurance Premium Received (Net of taxes)
Claims Paid
Brokerage Paid
Operating Expense Payment
GST Taxes Paid
Income tax refund (incl. interest)
TDS Paid Retrocession Premium
Advances and Deposits
Retrocession Payment for premium
Retrocession Receipt for claims and Commission

5,823,515(5,160,901)(2,152)(247,595)(859,292)
138,080(51,574)(1,522,724)
875,236

Net cash from operating Activities(1,007,407)

3,452,833(1,985,525)(3,687)(245,568)(693,126)
524,927

Investments
Purchase of Investments - Govt Bonds
Sale / redemption of Investments - Govt Bonds
Purchase of Investments - Fixed Deposits
Fixed Deposit Matured
Interest Received (Net of Taxes )Purchase of Fixed Asset
Expenses related to Investments(1,559,305)
1,309,626
1,843,438(368)(4,494)(18,448,025)
815,030(3,773)(2,794)

Net cash flow from investing activities

1,588,897(17,639,562)

II Cash flows from investing activities

III Cash flows from financing activities
Proceeds from Head office - Capital AccountProceeds from Head office - Current Account-17,038,375-

Net cash flow from financing activities-

17,038,375

Net increase/(decrease) in cash and cash equivalent (I+II+III)

581,490(76,260)

Cash and cash equivalent at beginning of the year

448,403524,663

1,029,893

448,403

Cash and cash equivalent at the end of the year

PERIODIC DISCLOSURES
Form NL-21-Statement of Liabilities
Name of the Insurer: RGA Life Reinsurance Company of Canada - India Branch
IRDA Registration No. FRB/005
Date of Registration with the IRDAI : 21st December 2016
STATEMENT OF LIABILITIES(Rs in Lakhs)
As at March 31, 2021
As at March 31, 2020 *Reserve forReserve forParticulars
Reserves forReserves for
Outstanding
IBNR Reserves
Total
Outstanding
IBNR Reserves
Total
unexpired risks
unexpired risks
ClaimsClaimsFire
MarineMarine Cargo
Marine Hull
Miscellaneous
Motor
Engineering
Aviation
Liabilities
2,063
31,602
157,686
191,351
3,388
25,152
Life
130,588
159,128
Health Insurance
2,063
31,602
157,686
191,351
3,388
25,152
130,588
159,128TOTAL*GPV Reserve was earlier part of unexpired premium reserve amounting to 122,822 ( Rs in Lakhs) that has now been re-classified to IBRN Reserves as technical reserves, as
per guidance from Regulator

PERIODIC DISCLOSURES
Form NL-22-Geographical Distribution of Business
Name of the Insurer: RGA Life Reinsurance Company of Canada - India Branch
IRDA Registration No. FRB/005
Date of Registration with the IRDAI : 21st December 2016
GROSS DIRECT PREMIUM UNDERWRITTEN FOR THE YEAR ENDED 31 MARCH 2021
(Rs in Lakhs)
STATESFire
Marine (Cargo)
Marine (Hull)Engineering
Motor Own
Motor Third
Liability
Personal
MedicalOverseas
Crop Insurance
All Other
Grand Total
For the Upto the For
Upto the For the Upto the For the Upto the For the Upto
For
Upto
For
Upto
For
Upto
For
Upto
For
Upto
For
Upto
For
Upto
For
Upto theqtr
qtr
the qtr
qtr
qtr
qtr
qtr
qtr
qtr
the qtr the qtr the qtr the qtr the qtr the qtr the qtr the qtr the qtr the qtr the qtr the qtr the qtr the qtr the qtr the qtr
qtr

NOT APPLICABLE

NL-23-Risk RI ConcIRDA Periodic Disclosures

PERIODIC DISCLOSURES
Form NL-23-Reinsurance Risk Concentration
Name of the Insurer: RGA Life Reinsurance Company of Canada - India Branch
IRDA Registration No. FRB/005
Date of Registration with the IRDAI : 21st December 2016
Statement as at 31 March 2021

REINSURANCE RISK CONCENTRATION

S.No.

1
2
3
4
5

Reinsurance Placements

No. of Reinsurers with rating of AAA and above
No. of Reinsurers with rating AA but less than AAA
No. of Reinsurers with rating A but less than AA
No. of Reinsurers with rating BBB but less than A
No. of Reinsurres with rating less than BBB
Total

No. ofreinsurers

1(Rs in Lakhs)
Premium ceded toreinsurers / Total
reinsurance
premium ceded (%)

Premium ceded to reinsurers
Proportional
Non-Proportional
Facultative

20,550--100%

20,550--100%

PERIODIC DISCLOSURES
Form NL-24-Ageing of Claims
Name of the Insurer: RGA Life Reinsurance Company of Canada - India Branch
IRDA Registration No. FRB/005
Date of Registration with the IRDAI : 21st December 2016
Statement as at 31 March 2021
AGEING OF CLAIMS(Rs in Lakhs)

Sl.No.

No. of claims paid

Line of Business1 month
1 Fire2 Marine Cargo
3 Marine Hull
4 Engineering
5 Motor OD
6 Motor TP
7 Health
8 Overseas Travel
9 Personal Accident
10 Liability
11 Crop
12 Life
12 Miscellaneous

Total
Total No.
amountof claimsof claims
paid
paid

1 - 3 months

3 - 6 months

6 months - 1 year

NOT APPLICABLE> 1 yearPERIODIC DISCLOSURES
Form NL-25-Quarterly claims data for Non-Life
Name of the Insurer: RGA Life Reinsurance Company of Canada - India Branch
IRDA Registration No. FRB/005
Date of Registration with the IRDAI : 21st December 2016
Statement as at 31 March 2021

No. of claims only
Sl. No.
1
2
3
4
5
6

Claims Experience
Claims O/S at the beginning of the period
Claims reported during the period
Claims Settled during the period
Claims Repudiated during the period
Claims closed during the period
Claims O/S at End of the periodLess than 3months
3 months to 6 months
6months to 1 year
1year and above

Fire

Marine Marine Engine Motor
Cargo Hull
ering
OD

Motor
TP

HealthOverseas Personal
Liability Crop
TravelAccident

NOT APPLICABLE

CreditMiscellaneous Total

Form NL-26 - Claims Information - KG Table I
Name of the Insurer: RGA Life Reinsurance Company of Canada - India Branch
IRDA Registration No. FRB/005
Date of Registration with the IRDAI : 21st December 2016
Solvency at 31 March 2021
Required solvency margin based on net premium and net incurred claims (Rs. in Lacs)
PREMIUM

Item
GrossNo. Description Premium
1 Fire2 Marine Cargo
3 Marine Hull
4 Motor
5 Engineering
6 Aviation
7 Laibilities
8 Others
9 Life10 Health
Total
-

Net
Premium

Net
Gross incurred incurred
claim
Claim

RSM-1

RSM-2

RSM

-

-

-

-

-

42,393

-

-

-

-

-

42,393

Sl. No.
1
2
3
4
5
6
7
8
9

Office Information
No. of offices at the beginning of the year
No. of branches approved during the year
Out of approvals ofprevious year
No. of branches opened
Out of approvals of thisduring the year
year
No. of branches closed during the year
No of branches at the end of the year
No. of branches approved but not opend
No. of rural branches
No. of urban branches

Number
1
0
0
0
0
1
0
0
1

FORM NL-28-STATEMENT OF ASSETS - 3B
Name of the Insurer: RGA Life Reinsurance Company of Canada - India Branch
IRDA Registration No. FRB/005
Date of Registration with the IRDAI : 21st December 2016
Statement as on: 31st March 2021
Statement of Investment Assets (General Insurer, Re-insurers)(Business within India)
Periodicity of Submission: Quarterly
No
1
2
3
4

5

1
2
3
4
5
6
7
8

(Rs. In Lakhs)

PARTICULARS
Investments
Loans
Fixed Assets
Current Assets
a. Cash & Bank Balanceb. Advances & Other Assets
Current Liabilities
a. Current Liabilities
b. Provisions
c. Misc. Exp not Written Off
d. Debit Balance of P&L A/cApplication of Funds as per Balance Sheet (A)

SCH
8
9
10

Less: Other Assets
Loans (if any)
Fixed Assets (if any)
Cash & Bank Balance (if any)
Advances & Other Assets (if any)
Current Liabilities
Provisions
Misc. Exp not Written Off
Debit Balance of P&L A/c

SCH
9
10
11
12
13
14
15

'Investment Assets' As per FORM 3B

11
12
13
14
15

AMOUNT
249,738.73
416.46
10,298.93
30,583.95
193,998.58
3,160.36
139,404.62
233,283.75
Amount416.46
10,298.93
30,583.95
193,998.58
3,160.36
139,404.62

TOTAL
(B)

(16,454.98)(A-B)

249,738.73
SH

No'Investment' represented as

1

G. Sec.

2

G. Sec or Other Apporved Sec. (incl. (1) above)

3

Investment subject to Exposure Norms
1. 'Housing & Loans to SG for Housing and FFE,
Infrastructure Investments
2. Approved Investments
3. Other Investments (not exceeding 25%)
Total Investment Assets

Reg. %
Not lessthan 20%
Not lessthan 30%
Not lessthan 15%

Balance
(a)

FRSM+
(b)

PH

Book Value (SH + PH)(c)d = (b+c)%
Actual

70,088.65

136,729.04

206,817.69

82.8%

70,088.65

136,729.04

206,817.69

82.8%

14,545.55

28,375.49

42,921.04

17.2%

84,634.20

165,104.53

249,738.73

100%

FVC
AmountTotal(e)(d + e)MarketValue

Notexceeding55%
100%

Note: (+) FRMS refers 'Funds representing Solvency Margin'(*) Pattern of Investment will apply only to SH funds representing FRMS
( A ) Book Value shall not include funds beyond Solvency Margin
Other Investments' are as permitted under Sec 27A(2) and 27B(3)-PERIODIC DISCLOSURES
Form NL-29 - Detail regarding debt securities
Name of the Insurer: RGA Life Reinsurance Company of Canada - India Branch
IRDA Registration No. FRB/005
Date of Registration with the IRDAI : 21st December 2016
(Rs in Lakhs)
As at 31 March
2021

MARKET VALUE
as % of total for As at 31 March
this class2020

as % of total forthis class

As at 31 March
2021

Book Valueas % of total for As at 31 March
this class2020

as % of total forthis class

Break down by credit rating
AAA rated
AA or better
Rated below AA but above A
Rated below A but above B
Any other- Sovereign
instruments(Central Govt. Securities)
Total

44,193-17.37%-

39,331-15.64%-

42,921-17.19%-

39,006-15.70%-

210,254

82.63%

212,140

84.36%

206,818

82.81%

209,42284.30%

254,447

100.00%251,471

100.00%249,739100.00%248,428100.00%13,777

5.41%

2,859

1.12%

13,537

5.42%

2,832

-

44,88117.64%

40,32915.85%

43,21517.30%

39,46315.88%

81,11531.88%

90,00935.37%

78,74931.53%

88,23835.52%

BREAKDOWN BY
RESIDUALMATURITY
Up to 1 year
more than 1 yearand upto
3yearsMore than 3years and up to
7yearsMore than 7 years and up to
10 years
above 10 years
Total

51,60320.28%

65,97425.93%

50,72020.31%

66,04026.58%

63,071
254,447

24.79%
100.00%52,300251,471

20.55%
98.83%

63,518249,739

25.43%
100.00%51,855
248,428

77.99%Breakdown by type of theissurera. Central Governmentb. State Government
c.Corporate Securities
Total

210,254
44,193
254,447

82.63%
17.37%
100.00%212,140
39,331
251,471

83.37%
15.46%
98.83%

206,818
42,921
249,73982.81%
17.19%
100.00%209,42239,006248,42884.30%
15.70%
100.00%Note
1. In case of a debt instrument is rated by more than one agency, then the lowest rating will be taken for the purpose of classification.
2. Market value of the securities will be in accordnace with the valuation method specified by the Authority under Accounting/ Investment regulations.

PERIODIC DISCLOSURES
Form NL-30 - Analytical Ratios
Name of the Insurer: RGA Life Reinsurance Company of Canada - India Branch
IRDA Registration No. FRB/005
Date of Registration with the IRDAI : 21st December 2016

ANALYTICAL RATIOS FOR NON-LIFE COMPANIES(Rs in Lakhs)
Sr.No.
1
2
3
4
5

Particular

Gross Premium Growth Rate
Gross Premium to shareholders' fund ratio
Growth rate of shareholders'fund
Net Retention Ratio
Net Commission Ratio
Expense of Management to Gross Direct Premium
6
Ratio
7
Combined Ratio
8
Technical Reserves to net premium ratio
9
Underwriting balance ratio
10
Operationg Profit Ratio
11
Liquid Assets to liabilities ratio
12
Net earning ratio
13
return on net worth ratio
Available Solvency argin Ratio to Required Solvency
14
Margin Ratio
15
NPA Ratio
Gross NPA Ratio
Net NPA Ratio
Equity Holding Pattern for Non-Life Insurers
1(a) No. of shares
2(b) Percentage of shareholding (Indian / Foreign)( c) %of Government holding (in case of public sector
3
insurance companies)(a) Basic and diluted EPS before extraordinary items
4(net of tax expense) for the period (not to beannualized)(b) Basic and diluted EPS after extraordinary items
5(net of tax expense) for the period (not to beannualized)
6(iv) Book value per share (Rs)

For the year ended March
31, 2021
-4%
46%
-18%
55%
-5%

For the year ended March
31, 2020
70%
40%
95%
55%
-5%

8%

7%

250%
120%
-112%
-62%
6%
-45%
-12%

144%
91%
-44%
-25%
9%
-12%
-3%

219%

246%

0%
0%

0%
0%

Not ApplicablePERIODIC DISCLOSURES
Form NL-31 - Related Party Transactions
Name of the Insurer: RGA Life Reinsurance Company of Canada - India Branch
IRDA Registration No. FRB/005
Date of Registration with the IRDAI : 21st December 2016
RELATED PARTY TRANSACTIONS(Rs in Lakhs)
Sl.No.

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15

Name of the Related Party

RGA Life Reinsurance Company of
Head Office
CanadaRGA Life Reinsurance Company of
Head Office
CanadaRGA Life Reinsurance Company of
Head Office
CanadaRGA Life Reinsurance Company of
Head Office
CanadaRGA Life Reinsurance Company of
Head Office
CanadaRGA Global Shared Services India
Group Company
Pvt LTDRGA Global Shared Services India
Group Company
Pvt LTDRGA Global Shared Services India
Group Company
Pvt LTDRGA Global Shared Services India
Group Company
Pvt LTDRGA International ReinsuranceGroup Company
Company dac
RGA International ReinsuranceGroup Company
Company dac
RGA International ReinsuranceGroup Company
Company dac
RGA International ReinsuranceGroup Company
Company dac
RGA International ReinsuranceGroup Company
Company dac
RGA International ReinsuranceGroup Company
Company dac

16

RGA Enterprise Services Company Group Company

17

RGA Enterprise Services Company Group Company

18

RGA Enterprise Services Company Group Company

19
20
21

Key Management Personnel
Remuneration
Key Management Personnel
Remuneration
Key Management Personnel
Remuneration

Description ofTransactions /Categories

Nature of Relationshipwith the Company

Amount Received
from Head Officeas Capital
Working Capital
Re-imbursementof expense
Balance payable
for creditors
Balance payable
Shared Services
Expenses
Re-imbursementof expense
Purchase of Fixed
Asset
Balance payable
Shared Services
Expenses
Premium
ClaimsCommission
Balance receivable- RetroBalance payable
Shared Services
Expenses
Purchase of Fixed
Asset
Balance payable
Basic Salary
Allowances andperquisites
Contribution toprovident fund*including the premium flow through Assocaites/ Group companies as an agent

Consideration paid / received*
For the year
ended March 31,
2021

For the year
ended March
31, 2020-

170,384

-

-

-

-

402

395

-

-

-

-

-

-

-

-

-

96

-

-

19,672

20,55026,127

17,655

1,171

1,224

43,077

25,61935,551

32,709

1,649

1,172

-

104

3,046

1,466

113

374

163

-

19

35

PERIODIC DISCLOSURES
Form NL-32 - Products Information
Name of the Insurer: RGA Life Reinsurance Company of Canada - India Branch
IRDA Registration No. FRB/005
Date of Registration with the IRDAI : 21st December 2016
Statement as on: 31st March 2021
List below the products and/or add-ons introduced during the period

Sl. No.

Name of ProductCo. Ref. No.

IRDA Ref.no.

Class ofBusiness*

1

2
..
n

NOT APPLICABLE

Category of
product

Date IRDA
Date of filing ofconfirmed
Product
filing/ approval

PERIODIC DISCLOSURES
Form NL-33 - Solvency Margin - KGIIName of the Insurer: RGA Life Reinsurance Company of Canada - India Branch
IRDA Registration No. FRB/005
Date of Registration with the IRDAI : 21st December 2016
TABLE - II
Solvency for the year ended 31st March 2021
Available Solvency Margin and Solvency Ratio
Item
(1)
1

2
3

Description(2)
Available Assets in Policyholders’ Funds (adjusted valueof Assets as mentioned in Form IRDA-Assets-AA):
Deduct:Liabilities (reserves as mentioned in Form HG)

Notes No.
(3)

(Rs. in Lacs)
Amount(4)
196,414.54

160,613.41

Other Liabilities (other liabilities in respect of
Policyholders’ Fund as mentioned in Balance Sheet)
Excess in Policyholders’ Funds (1-2-3)

36,544.26

93,463.95

7

Available Assets in Shareholders’ Funds (value ofAssets as mentioned in Form IRDA-Assets-AA):
Deduct:Other Liabilities (other liabilities in respect ofShareholders’ Fund as mentioned in Balance Sheet)
Excess in Shareholders’ Funds (5-6)

8

Total Available Solvency Margin [ASM] (4+7)

92,719.54

9Total Required Solvency Margin [RSM]

42,392.77

10

Solvency Ratio (Total ASM/Total RSM)

218.72%4
5

6(743.13)18331.92
1.28
93,462.67

PERIODIC DISCLOSURES
Form NL-34 - Board of Directors & Key Person
Name of the Insurer: RGA Life Reinsurance Company of Canada - India Branch
IRDA Registration No. FRB/005
Date of Registration with the IRDAI : 21st December 2016
Statement as on: 31st March 2021
BOD and Key Person information
Sl. No.
Name of person
1
Jyoti Punja
2
Pankaj Jain
3
Paramvir Singh Chatha

Role/designation
Chief Executive Officer
Chief Financial Officer
Chief Underwriting Officer

Details of change in the period

Form NL-35-Non Performing Assets-7A
Name of the Insurer: RGA Life Reinsurance Company of Canada - India Branch
IRDA Registration No. FRB/005
Date of Registration with the IRDAI : 21st December 2016
Name of the Fund

Statement as on: 31st March 2021
Details of Investment Portfolio
Periodicity of Submission : Quarterly

COI

Company Name

Instrument
TypeInterest Rate
Has there%
been
revision?

Total O/s(Book Value)

Default
Principal(Book Value)

Default
Interest(Book Value)

Has there been any
Principal
Due from

Interest Due
from

NIL

Note:
A. Category of Investmet (COI) shall be as per INV/GLN/001/2003-04
B. FORM 7A shall be submitted in respect of each 'fund'.
C. Classification shall be as per F&A-Circulars-169-Jan-07 Dt.24-01-07.

DeferredPrincipal

DeferredInterest

RolledOver?

AmountClassification
Board
Approval Ref

Provision(%)

Provision (Rs)Form NL-36-Yield on Investments
Name of the Insurer: RGA Life Reinsurance Company of Canada - India Branch
IRDA Registration No. FRB/005
Date of Registration with the IRDAI : 21st December 2016
Statement as on: 31st March 2021
Statement of Investment and Income on Investment
Periodicity of Submission: Quarterly

Name of the Fund Shareholder's Fund and Policyholder's Fund

( Rs. Lakhs )No.

Category of Investment

1
2

Central Govt. Securities
Infrastructure Bonds
TOTAL

Category
Code
CGSB
IPTD

Current Quarter
Income on Gross Yield
Investment (Rs.)(%)¹
Book Value Market Value Investment
212,978
210,254
3,955
1.86
40,92644,193798
1.95
253,904
254,447
4,753
1.87

Year to Date
Net Yield
Income on Gross Yield
Investment (Rs.)
(%)²
(%)¹
Book Value Market Value Investment
1.86
209,945
210,254
15,5627.41
1.95
39,452
44,193
3,116
7.90
1.87
249,397
254,447
18,678
7.49

CERTIFICATION
Certified that the information given herein are correct and complete to the best of my knowledge and belief and nothing has been concealed or suppressed.
Date:
Note: Category of Investment (COI) shall be as per Guidelines
1 To be calculated based on Monthly or lesser frequency 'Weighted Agerage' of Investments
2 Yield netted for Tax
3 FORM-1 shall be prepared in respect of each fund.

Previous YearNet Yield
Income on Gross Yield
Investment (Rs.)
(%)²
(%)¹
Book Value Market Value Investment
7.41
85,967
212,140
6,770
7.88
7.90
16,01239,331
1,389
8.67
7.49
101,979
251,471
8,159
8.00

Net Yield
(%)²
7.88
8.67
8.00

Form NL-37-Down Grading of Investment
Name of the Insurer: RGA Life Reinsurance Company of Canada - India Branch
IRDA Registration No. FRB/005
Date of Registration with the IRDAI : 21st December 2016
Statement as on: 31st March 2021
Name of Fund
Statement of Down Graded Investments
Periodicity of Submission: Quarterly( Rs. Lakhs )No

Name of the Security

A.

During the Quarter ¹

B.

As on Date ²

COI

AmountDate of
Purchase

Rating Agency

Original
Grade

Current Grade

Date of
Downgrade

NIL

Note:
1 Provide details of Down Graded Investments during the Quarter.
2 Investments currently upgraded, listed as Down Graded during earlier Quarter shall be deleted from the Cumulative listing.
3 FORM-2 shall be prepared in respect of each fund.
4 Category of Investmet (COI) shall be as per INV/GLN/001/2003-04

Remarks

PERIODIC DISCLOSURES
Form NL-38- Quarterly Business Returns across line of Business
Name of the Insurer: RGA Life Reinsurance Company of Canada - India Branch
IRDA Registration No. FRB/005
Date of Registration with the IRDAI : 21st December 2016
Statement as on: 31st March 2021
Current Quarter
Sl.No.
1
2
3
4
5
6
7
8
9
10
11
12

Line of Business
Fire
Cargo & Hull
Motor TP
Motor OD
Engineering
Workmen's Compensation
Employer's Liability
Aviation
Personal Accident
HealthLife
Others*Premium
12,634-

No. of Policies

Not Applicable

Note:
1. Premium stands for amount of premium
2. The line of business which are not applicable for any company should be filled up with NA.
Figure '0' in those fields will imply no business in the segment.
*any other segment contributing more than 5% of the total premium needs to be shown separately(Rs in Lakhs)
upto the period
Premium
43,385-

No. of Policies

Not ApplicablePERIODIC DISCLOSURES
Form NL-39- Rural & Social Obligations (Quarterly Returns)
Name of the Insurer: RGA Life Reinsurance Company of Canada - India Branch
IRDA Registration No. FRB/005
Date of Registration with the IRDAI : 21st December 2016
Statement as on: 31st March 2021
(Rs in Lakhs)
Rural & Social Obligations (Quarterly Returns)
Sl.No.

Line of Business

1

Fire

2

Cargo & Hull3

Motor TP

4

Motor OD

5

Engineering

6

Workmen's Compensation

7

Employer's Liability

8

Aviation

9

Personal Accident

10

Health11

Others*Particular
Rural
SocialRural
SocialRural
SocialRural
SocialRural
SocialRural
SocialRural
SocialRural
SocialRural
SocialRural
SocialRural
SocialNo. of Policies Issued*any other segment contributing more than 5% needs to be shown separately

Premium Collected

NOT APPLICABLE

Sum Assured

PERIODIC DISCLOSURES
Form NL-40- Business Acquisition through different channels
Name of the Insurer: RGA Life Reinsurance Company of Canada - India Branch
IRDA Registration No. FRB/005
Date of Registration with the IRDAI : 21st December 2016
Statement as on: 31st March 2021
(Rs in Lakhs)
Current Quarter
Sl.No.

Channels
No. of Policies

1
2
3
4
5
6

Individual agents
Corporate Agents-Banks
Corporate Agents -Others
Brokers
Micro Agents
Direct Business

Not Applicable
Total (A)1

Up to the period

Referral (B)Grand Total (A+B)

Premium
No. of Policies
65
Not Applicable
12,56912,634
12,634Note:
1. Premium means amount of premium received from business acquired by the source
2. No of Policies stand for no. of policies sold

Premium
198
43,18843,38543,385

PERIODIC DISCLOSURES
Form NL-41- GREIVANCE DISPOSAL
Name of the Insurer: RGA Life Reinsurance Company of Canada - India Branch
IRDA Registration No. FRB/005
Date of Registration with the IRDAI : 21st December 2016
Statement as on: 31st March 2021
GRIEVANCE DISPOSALSl No.

(Rs in Lakhs)
Particulars

Opening Balance *Additions
Fully Accepted1Complaints made by customersa) Sales Relatedb) Policy Administration Relatedc) Insurance Policy Coverage relatedd) Claims relatede) othersd) Total Number

Complaints made bycustomers
Duration wise Pending Statusa) Less than 15 daysb) Greater than 15 days
Total Number* Opening balance should tally with the closing balance of the previous financial year.
2

NIL

Complaints made byintermediaries
NIL

Total

Complaints Resolved
Partial Accepted

Complaints Pending
Rejected