'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, 2020

Particulars

ScheduleFire
For the year
For the year
ended March
ended March
31, 2020
31, 2019

MarineFor the year
For the year
ended March
ended March
31, 2020
31, 2019

Miscellaneous
For the year
For the year
ended March
ended March
31, 2020
31, 2019

NL-4-Premium Schedule(a) Premium earned - Net(b) Profit/(Loss) on sale/redemption of investments

-

-

-

-

-

-

-

-

-

-

-

-

(c) Others(d) Interest, Dividends and Rent – Gross(e) Amortisation of discount/(premium)
TOTAL (A)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

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

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 ScheduleLife
For the year
For the year
ended March
ended March
31, 2020
31, 2019(8,697,570)-

1,122,359-

For the year
ended March
31, 2020(Rs. 000's)
Total
For the year
ended March 31,
2019(8,697,570)-

1,122,359--

466,587(32,197)(8,263,180)

37,283(2,135)
1,157,507

466,587(32,197)(8,263,180)

37,283(2,135)
1,157,507--

3,233,358(118,469)
435,802(41,843)

1,335,255(67,075)
278,860
59,8133,233,358(118,469)
435,802(41,843)

1,335,255(67,075)
278,860
59,813---

3,508,848

1,606,853

3,508,848

1,606,853

-

-

-

-

(11,772,028)(449,346)(11,772,028)(449,346)

-

-

-

-

-

(11,772,028)-(449,346)-(11,772,028)-(449,346)
-

-

-

-

-

-

(11,772,028)(449,346)(11,772,028)(449,346)

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, 2020
Particulars

Schedule

Operating profit/( Loss)(a) Fire(b) Marine(c) Miscellaneous(d) Life
Income From Investments(a) Interest, Dividends and Rent – Gross(b) Profit on sale/redemption of investments
Less: Loss on sale/redemption of investments(c) Amortisation of discount/(premium)
Other Income
TOTAL (A)Provisions (Other than taxation)(a) For diminution in the value of investments (net)(b) Provision for doubtful debts(c) Others
Other Expenses
Expense other than those directly related to the insurance businessBad debts written off
OthersTOTAL (B)
(Loss) before tax
Provision for Taxation(Loss) after tax
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
Balance carried forward to Balance Sheet

4A

For the year ended March 31,
2020

For the year ended March 31,
2019(11,772,028)(449,346)

349,326(24,105)-

141,120(8,082)
34,870(11,446,807)(281,438)--

16,272-

4,085-

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

4,085(285,523)(285,523)(432,195)(146,672)(11,895,274)(432,195)

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, 2020
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,
2020

As at March 31,
2019

-

-

-

-

23,328,375-

Head Office AccountFair Value Change Account6,290,000-

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

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

23,328,375

6,290,000

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

5,380,642
1,421,513
6,802,155--

50,26345,500--448,403524,6633,234,064
3,682,467

1,339,990
1,864,653

5,397,645
11,744,792
17,142,437

2,242,097
612,406
2,854,503(13,459,970)(989,850)--

Debit Balance in Profit And Loss Account

11,895,274

432,195

TOTAL

23,328,375

6,290,000

As at March 31,
2020

As at March 31,
2019Partly 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)

-

-

-

-

Loans
Fixed Assets

NL-13-Loans Schedule
NL-14-Fixed Assets ScheduleDeferred Tax Asset (Refer Note 21)
Current Assets
Cash and Bank Balance

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

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

Total

Schedule

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, 2020
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

-

-

-

-

-

-

-

-

-

-

-

-

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

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

Adjustment for change in reserve forunexpired risks

-

-

-

-

-

-

-

-

-

-

-

-

(11,176,213)(11,176,213)

Total Premium Earned (Net)

-

-

-

-

-

-

-

-

-

-

-

-

(8,697,570)(8,697,570)(Rs. 000's)
For the year ended March 31, 2019
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

-

-

-

-

-

-

-

-

-

-

-

-

2,670,222(1,208,735)
1,461,487

2,670,222(1,208,735)
1,461,487

Adjustment for change in reserve forunexpired risks

-

-

-

-

-

-

-

-

-

-

-

-

(339,128)(339,128)

Total Premium Earned (Net)

-

-

-

-

-

-

-

-

-

-

-

-

1,122,359

1,122,359

Note- As per regulation Regulation 3(2) of IRDA (Preparation of Financial Statements and Auditor’s Report of Insurance Companies) Regulations, 2002, the foreign reinsurer branch (FRB) is mandated tofollow the financial statements format of General Insurance Company. Due to the pre-defined financial statements format, the Gross Premium Reserve Movement (net of retro) is considered under thePremium schedule (Schedule 1) under the “Adjustment for change in reserve for unexpired risks”. The GPV reserve balance net of retrocession as of March 31st, 2020 is INR 11,362,627 (in thousands) as
against the GPV reserve balance of INR 194,513 (in thousands) as of March 31st, 2019.

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, 2020
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

-

-

1,709,947

1,709,947

831,389

831,389-

878,558
2,354,800-

878,558
2,354,800--

3,233,358

3,233,358(Rs. 000's)

MarineParticulars

Fire

Cargo

OthersMotor

For the year ended March 31, 2019
Miscellaneous
Workmen's
Public /Compensation /Personal
Engineering
Product Aviation
Employer's
Accident
Liability
Liability

HealthCreditOthers

Life

Total

Direct 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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

831,389

831,389

-

-

-

-

-

-

-

-

-

-

-

-

164,195

164,194.99

-

-

-

-

-

-

-

-

-

-

-

-

667,194
700,11432,053

667,194
700,11432,053

Total claims incurred

-

-

-

-

-

-

-

-

-

-

-

-

1,335,255

1,335,255

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, 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)(1,22,354)

-

-

-

-

-

-

-

-

-

-

-

-

(118,469)

3,885

-

(Rs. 000's)
MarineParticulars

Fire

Cargo

OthersMotor

For the year ended March 31, 2019
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

-

-

-

-

-

-

-

-

-

-

-

-

3,052
(70,127)

3,052(70,127)

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

-

-

-

-

-

-

-

-

-

-

-

-

(67,075)(67,075)

-

-

-

-

-

-

-

-

-

-

-

-

3,052
-

3,052
-

-

-

-

-

-

-

-

-

-

-

-

-

-

(70,127)(70,127)

-

-

-

-

-

-

-

-

-

-

-

-

(67,075)(67,075)

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, 2020
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
Security Expenses
Interest on statutory dues
TOTAL

Fire

Workmen's
Compensatio
Engineerinn/g
Employer's
Liability

Public /Product
Liability

Cargo

OthersMotor

Aviation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Personal
Accident

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

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

1,500
250
3,262
5,127
10,426
230
8,227
3,485
91,978
12,970104,271467
498
435,802(Rs. 000's)

For the year ended March 31, 2019
MiscellaneousMarineParticulars

Fire

Cargo

OthersMotor

Workmen's
Compensatio
Engineerinn/g
Employer's
Liability

Public /Product
Liability

Aviation

Personal
Accident

HealthCreditOthers

Life

Total

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

-

-

-

-

-

-

-

-

-

-

-

-

123,095
3,113
1,353
2,375
1,852
1,475
1,010
15,511
118
111
132
9,541

123,095
3,113
1,353
2,375
1,852
1,475
1,010
15,511
118
111
132
9,541

-

-

-

-

-

-

-

-

-

-

-

-

1,200

1,200

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

250
785
1,295
270
65
2,793
2,723
26,956
3,019
77,567
771
1,480

TOTAL

-

-

-

-

-

-

-

-

-

-

-

-

278,860

250
785
1,295
270
65
2,793
2,723
26,956
3,019
77,567771
1,480
278,860

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,
2020(Rs. 000's)
As at March 31,
2019

-

-

-

-

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, 2020
Number of Shares

Promoters- Indian- Foreign
OthersTOTAL-

As at March 31, 2019

% 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,
2020-

As at March 31,2019-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,
2020(Rs. 000's)
As at March 31,
2019

-

-

-

-

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,
2020(Rs. 000's)
As at March 31,
20198,966,210

4,504,873-

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

1,670,018

875,769

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

10,636,228

5,380,642

INVESTMENTS - POLICYHOLDERS(Rs. 000's)
Particulars

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

As at March 31,
2020

As at March 31,
201911,975,972

1,190,143

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

2,230,608

231,370

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

14,206,580

1,421,513

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,
2020

As at March 31,
2019

-

-

-

-

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, 2020
31, 2019

45,756

10,382-56,138

2,079

6,827

-

8,906

47,232

43,677

-

-

-

-

-

-

-

-

-

-

3,001

2,298

-

5,299

1,520

1,288

-

2,808

2,491

1,481

447
49,204309
12,989-756
62,193

104
3,703

113
8,228

-

217
11,931

540
50,263342
45,500

-

-

-

-

-

-

-

-

-

-

TOTAL

49,204

12,989-62,193

3,703

8,228

-

11,93150,26345,500As at March 31, 2019

5,248

43,99942

49,204

914

2,793

3,704

45,500-4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,
2020(Rs. 000's)
As at March 31,
2019

-

-

-

-

448,403-524,663---448,403524,663

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,
2020(Rs. 000's)
As at March 31,
2019

2,095
-

1,588
-

187,369

63,990227

8

189,691

65,586500,967
2,439,189-

149,015
1,278,691-

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)103,926291
3,044,373

77,1191,504,825

TOTAL (A+B)

3,234,064

1,570,411

-

-

-

-

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,
2020(Rs. 000's)
As at March 31,
2019

-

-

709,004

541,879

264,3114,211,362

151,142
1,567,292

40,161
172,768
39

40,156
168,983
3,066

5,397,645

2,472,518

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,
2020(Rs. 000's)
As at March 31,
201911,701,449-

525,236
-

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

10,691
6,287
4,395
65,797

11,744,792

612,406

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,
2020
2019
-

-

-

-

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
Receipts and Payments A/c to be furnished by the insurers on direct basis
For the year ended March
31, 2020(Rs. 000's)
For the year ended March
31, 2019

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

1,957,318(126,661)(654,795)(1,343)(168,715)(355)(252,241)-

Cash flows before extraordinary items

524,926

753,209

Cash flow from extraordinary operations--

I Cash flows from operating activities
Reinsurance Premium Received (Net of taxes)
Other receipts
Payments to the re-insurers, net of commissions and claims
Payments to co-insurers, net of claims recovery
Payments of claims
Payments of brokerage
Payments of other operating expenses
Preliminary and pre-operative expenses
Deposits, advances and staff loans
TDS Paid Retrocession Premium
GST Taxes Paid
Other payments

Net cash from operating Activities

524,926

753,209(3,773)-(756)-(18,448,025)(5,939,669)

815,030

155,282(2,794)(579)(17,639,562)(5,785,721)

Proceeds from Head office - Capital AccountProceeds from Head office - Current AccountProceeds from borrowing
Repayments of borrowing
Interest/dividends paid

17,038,375-

5,290,000

Net cash flow from financing activities

17,038,375

5,290,000

II Cash flows from investing activities
Purchase of Fixed Asset
Proceeds from sale of fixed assets
Purchase of Investments-Govt Bonds-Fixed Deposits
Loans disbursed
Sales of investments
Repayments received
Rents/Interests/ Dividends received (Net of Taxes )Investments in money market instruments and in liquid mutual funds (Net)*
Expenses related to Investments
Net cash flow from investing activities
III Cash flows from financing activities

Effect of foreign exchange rates on cash and cash equivalents, net--

Net increase/(decrease) in cash and cash equivalent (I+II+III)(76,260)

257,488

Cash and cash equivalent at beginning of the year

524,663

267,175

Cash and cash equivalent at the end of the year

448,403524,663

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)
Particulars
Fire
MarineMarine Cargo
Marine Hull
Miscellaneous
Motor
Engineering
Aviation
Liabilities
Life
Health Insurance
TOTAL

Reserves forunexpired risks
117,014117,014

As at March 31, 2020
Reserve for
Outstanding
IBNR Reserves
Claims25,152
16,96225,152
16,962

Total
159,128
159,128

Reserves forunexpired risks
5,252
5,252

As at March 31, 2019
Reserve for
Outstanding
IBNR Reserves
Claims
9,466
6,207
9,466
6,207

Total
20,92520,925

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 2020
(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 2020

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

Premium ceded to reinsurers
Proportional
Non-Proportional
Facultative(Rs in Lakhs)
Premium ceded toreinsurers / Total
reinsurance
premium ceded (%)

12,277

-

8,273

100%

12,277

-

8,273

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 2020
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 2020

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 2020
Required solvency margin based on net premium and net incurred claims (Rs. in Lacs)
PREMIUM
Net
Item
Gross
Net
Gross incurred incurred
No. Description Premium
Premium
claim
Claim
RSM-1
1 Fire2 Marine Cargo
3 Marine Hull
4 Motor
5 Engineering
6 Aviation
7 Laibilities
8 Others
9 Life45,33624,78658,70832,334
10 Health
Total

RSM-2

RSM

44,374

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 2020
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

AMOUNT
248,428.08
502.6311
12

4,484.03
32,340.64

13
14
15

53,976.45
117,447.92
118,952.74
233,283.75

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

TOTAL
(B)
(A-B)

Amount502.634,484.03
32,340.64
53,976.45
117,447.92
118,952.74(15,144.33)
248,428.08
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)%
Actual89662.1

119759.72

209,421.82

84.3%

89662.1

119759.72

209,421.82

84.3%

16700.18

22306.08

39,006.26

15.7%

106,362.28

142,065.80

248,428.08

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
2020

MARKET VALUE
as % of total for As at 31 March
this class2019

as % of total forthis class

As at 31 March
2020

Book Valueas % of total for As at 31 March
this class2019

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

39,331-15.64%-

11,087

16.23%-

39,006-15.70%-

56,950-83.72%-

212,140

84.36%

57,23483.77%

209,42284.30%

11,07116.28%

251,471

100.00%68,321100.00%248,428100.00%68,022100.00%

2,859

1.14%

-

0.00%

2,832

1.14%

-

40,32916.04%

14,607

5.81%

39,46315.88%

14,49921.32%

90,00935.79%

51,69020.56%

88,23835.52%

51,48975.69%

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

65,97426.24%

2,025

0.81%

66,04026.58%

2,034

2.99%

52,300251,471

20.80%
100.00%68,321

0.00%
27.17%

51,855
248,428

20.87%
100.00%68,022100.00%

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

212,140
39,331
251,47184.36%
15.64%
100.00%57,234
11,08768,32122.76%
4.41%
27.17%

209,42239,006248,42884.30%
15.70%
100.00%11,071
56,95068,02216.28%
83.72%
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, 2020
70%
40%
95%
55%
-5%

For the year ended March
31, 2019
279%
46%
586%
55%
-5%

7%

8%

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

131%
70%
-17%
-15%
27%
-7%
-2%

246%

198%

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

Description ofTransactions /Categories

Nature of Relationshipwith the Company

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

RGA Reinsurance Company

Group Company

20

RGA Reinsurance Company

Group 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
Shared Services
Expenses
Balance payable*including the premium flow through Assocaites/ Group companies as an agent

Consideration paid / received*
For the year
ended March 31,
2020

For the year
ended March
31, 2019

170,384

52,900

-

-

-

-

395

3

-

-

-

-

-

39

-

-

96

96

-

-

20,55012,087

17,655

6,886

1,224

701

25,6197,862

32,70913,281

1,043

750

104

431

1,315

1,398

130
151

30
13

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 2020
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 2020
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)
157,404

134,216

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

22,480126,675

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)

109,292

9

Total Required Solvency Margin [RSM]

44,374

10

Solvency Ratio (Total ASM/Total RSM)

246.30%

4
5

6

708

18331.92
18,091
108,584

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 2020
BOD and Key Person information
Sl. No.
Name of person
1
Paramvir Singh Chatha
2Pankaj Jain
3
Jyoti Punja
45

KS. Gopalakrishnan
Shalet Cardoso

Role/designation
Chief Underwriting Officer
Chief Financial Officer
Chief Executive Officer
Managing director & Chief
Executive Officer
Chief Financial Officer

Key Pesons as defined in IRDA Registration of Companoies Regulations, 2000

Details of change in the period
Appointed on 02.01.2020
Appointed on 17.12.2019
Resigned on 31.12.2019
Resigned on 22.10.2019

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 2020
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 nn Investments 1
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 2020
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
147,045
212,140
2,976
2.02
27,38839,331596
2.18
174,433
251,471
3,572
2.05

Year to Date
Net Yield
Income on Gross Yield
Investment (Rs.)
(%)²
(%)¹
Book Value Market Value Investment
2.02
85,967
212,140
6,770
7.87
2.18
16,01239,331
1,389
8.68
2.05
101,979
251,471
8,159
8.00

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
7.87
18,06657,234
1,610
8.91
8.68
3,461
11,087
174
5.03
8.00
21,52768,321
1,784
8.29

Net Yield
(%)²
8.91
5.03
8.29

Form NL-37-Down Grading of Investment-2
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 2020
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 2020
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

No. of Policies(Rs in Lakhs)
upto the period
Premium

Not Applicable

16,148Note:
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

No. of Policies

Not Applicable

45,336

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 2020
(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 2020
(Rs in Lakhs)
Current Quarter
Sl.No.

Up to the period

Channels
No. of Policies

1
2
3
4
5
6

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

1

Referral (B)Premium

No. of Policies

60
Not Applicable

Premium

261
Not Applicable

Total (A)16,08816,14845,07545,336Grand Total (A+B)

16,14845,336Note:
1. Premium means amount of premium received from business acquired by the source
2. No of Policies stand for no. of policies sold

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 2020
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