Particulars Schedule

  March 31, 2023

  March 31, 2022

  March 31, 2021

Amount transferred from the Policyholders’ Account

10,700

5,323

6,673

Income from investments

Interest, dividends and rent - gross

12,719

10,213

10,146

Profit on sale/redemption of investments

653

1,823

2,321

 Loss on sale/redemption of investments

-

  -

-92

Amortisation of (premium)/discount on investments

154

116

-253

Total Income from investments

13,527

12,153

12,123

Total Income

24,227

17,476

18,796

Expenses other than those directly related to the insurance business

1,315

1,031

956

Contribution to Policyholders Account towards excess of EOM

869

250

299

Contribution towards Remuneration of Managing Director

729

450

344

Interest on non-convertible debentures

3,248

561

-

Bad debts written off

  -

  -

-

Provisions (other than taxation)

-

-

-

For diminution in the value of investments

  -

  -

-

Provision for doubtful debts

  -

  -

-

Contribution to the Policyholders ' Account

5,758

22,288

5,880

Total Expenses

11,919

24,580

7,479

Profit / (Loss) before tax

12,308

-7,104

11,317

Provision for taxation

1,089

  -

1,207

Profit / (Loss) after tax

11,219

-7,104

10,110

Appropriations

Balance at beginning of the year

-67,170

-60,067

-70,176

Interim dividends paid during the year

  -

  -

-

Proposed final dividend

  -

  -

-

Dividend distribution tax

  -

  -

-

Profit / (Loss) carried forward to balance sheet

-55,952

-67,170

-60,067

Earnings / (Loss) Per Share (Basic)

1

-0.35

0.5

Earnings / (Loss) Per Share (Diluted)

1

-0.35

0.5

PARTICULAR

  March 31, 2023

  March 31, 2022

  March 31, 2021

Cash Flows from the Operating Activities:

Premium received from policyholders, including advance receipts

9,08,194

7,56,798

6,25,950

Other receipts

2,367

1,509

962

Payments to other entities carrying on insurance business (including reinsurers), net of commissions and benefits

-10,113

32,949

-2,610

Payments of claims/benefits

-3,26,755

-3,73,473

-2,78,700

Payments of commission and brokerage

-49,445

-39,906

-32,665

Payments of other operating expenses

-1,58,570

-1,21,879

-1,08,192

Deposits, advances and staff loans

-3,347

-1,956

-168

Income taxes paid (Net)

-2,297

-2,391

-4,890

Goods and Services Tax paid

-23,122

-17,308

-14,496

Cash flows before extraordinary items

3,36,913

2,34,343

1,85,190

Cash flow from extraordinary operations

-

-

-

(A)Net cash flow from operating activities

3,36,913

2,34,343

1,85,190

Cash flows from Investing Activities:

Purchase of fixed assets

-4,857

-4,554

-4,866

Proceeds from sale of fixed assets

24

14

-14

Purchase of Investments

-16,84,745

-11,35,896

-8,63,645

Loans against policies

-7,093

-7,241

-3,406

Sales/ Maturity of investments

11,64,986

7,66,978

4,83,467

Rents/Interests/ Dividends received

2,23,665

1,83,575

1,54,605

Investments in money market instruments and in liquid mutual funds (Net) Expenses related to investments

-17,901

-92,378

36,000

(B)Net cash flow from investing activities

-3,25,922

-2,89,502

-1,97,860

Cash flows from Financing Activities:

Proceeds from issuance of share capital

-

-

-

Proceeds from borrowing

-

40,000

-

Repayments of borrowing

-

-

-

Interest paid on borrowing

-3248

-

-

(C)Net cash flow from financing activities

-3,248

40,000

-

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

-

-

-

Net increase/(decrease) in cash and cash equivalents

7,743

-15,159

-12,670

Cash and cash equivalents at the beginning of the year

5,112

20,271

32,941

Cash and cash equivalents at the end of the year

12,855

5,112

20,271

Components of Cash and cash equivalents at the end of the year

Cash (including cheques in hand and stamps in hand)

5,143

4,602

7,795

Bank Deposits (including Short-term FDs)

5,606

3,000

5,400

Bank Balances

8,277

8,700

13,426

Book overdraft

-6,171

-11,190

-6,349

12,855

5,112

20,271

Reconciliation of Cash & Cash Equivalents with Cash & Bank Balance

Cash and cash equivalents at the end of the year

12,855

5,112

20,271

Add: Deposits (other than Short-term FDs)

29

44

49

Add: Book overdraft

6,171

11,190

6,349

less: linked business bank balance

-2,173

-14

-

Cash & Bank Balances

16,882

16,332

26,670

Particulars

2023

2022

2020

Dividend (final + interim) (In Rs.)

Nil

Nil

Nil

Retained Earnings ( In Rs. Thousands)

-

-

-

Loss after tax stood Rs. 11,218.96 Cr. in FY 2023 against a Loss after tax of Rs.7,103.64 Cr. in FY 2022, showing a rise of 57.9326% in loss.

The Book Value Per Share of the company as of 31st March 2023 was Rs.7.22..

The Solvency Ratio of the company has decreased to 1.86 in FY 2022-2023 from 2.09 in FY 2021-2022

The Net retention Ratio of the company is 95%

The company has not given any dividend from past three years.