Financial Performance (Premium, Commission Expenses, Operating Expenses of Insurance Business and Net Benefit) of Life Insurance Corporation of India (As on 31.03.2018) | |||||||
(Rs. In Lakh) | |||||||
Particulars | Non-Linked Business | Linked Business | Total (Current Year) | Total (Previous Year) | |||
Participating | Non- Participating | Non- Participating | Participating | Non- Participating | Participating | Non- Participating | |
1. First Year Premiums | |||||||
2. Renewal Premiums | |||||||
3. Single Premiums & CAG | |||||||
Total Premium | |||||||
Premium Income from Business Written: | |||||||
1. In India | |||||||
2. Outside India | |||||||
Total Premium | |||||||
Commission paid | |||||||
Direct - First Year Premiums | |||||||
Renewal Premiums | |||||||
Single Premiums | |||||||
Other Commission | |||||||
Add : Commission on Re-Insurance Accepted | |||||||
Less: Commission on Re-Insurance Ceded | |||||||
Net Commission | |||||||
Commission on Business Written: | |||||||
In India | |||||||
Outside India | |||||||
Net Commission | |||||||
Break Up of the Expenses (Gross) Incurred to Procure Business : | |||||||
Agents | |||||||
Brokers | |||||||
Corporate Agency | |||||||
Referral | |||||||
Others: Banks | |||||||
IMF | |||||||
Total | |||||||
1. Employees Remuneration & Welfare Benefits | |||||||
2. Travel, Conveyance and Vehicle Running Expenses | |||||||
3. Training Expenses | |||||||
4. Rents, Rates & Taxes | |||||||
5. Repairs | |||||||
6. Printing & Stationery | |||||||
7. Communication Expenses | |||||||
8. Legal & Professional Charges | |||||||
9. Medical Fees | |||||||
10. Auditors` Fees, Expenses etc. | |||||||
(a) As Auditor | |||||||
(b) As Adviser or in any Other Capacity in Respect of | |||||||
(i) Taxation Matters | |||||||
(ii) Insurance Matters | |||||||
(iii) Management Services; and | |||||||
c) In any Other Capacity | |||||||
11. Advertisement and Publicity | |||||||
12. Interest & Bank Charges | |||||||
13. Others | |||||||
1. Allowances and Commission (Other than Commission to Insurance Agents) | |||||||
2. Expense on Investment Property | |||||||
3. Policy Stamps | |||||||
4. Receipt Stamps | |||||||
5. Electricity Charges | |||||||
6. Cash in Transit and Other Insurance Premia | |||||||
7. Miscellaneous Expenses | |||||||
8. Head Office Expenses | |||||||
14. Depreciation | |||||||
15. Service Tax/GST on Premium Etc | |||||||
Total | |||||||
Operating Expenses | |||||||
In India | |||||||
Outside India | |||||||
Total Operating Expenses | |||||||
1. Insurance Claims | |||||||
(a) Claims by Death | |||||||
(b) Claims by Maturity | |||||||
(c) Annuities/Pensions Payment | |||||||
(d) Other Benefits | |||||||
I. Surrenders | |||||||
II. Bonuses in Cash | |||||||
III. Hospitalisation Benefits | |||||||
IV. Major Surgical Benefits | |||||||
V. Domicilliary Treatment Benefits | |||||||
VI. Day Care Benefits | |||||||
VII. Other Claims Cost | |||||||
2. (Amount Ceded in Re-Insurance): | |||||||
(a) Claims by Death | |||||||
(b) Claims by Maturity | |||||||
(c) Annuities/Pensions Payment | |||||||
(d) Other Benefits | |||||||
3. Amount Accepted in Re-Insurance: | |||||||
(a) Claims by Death | |||||||
(b) Claims by Maturity | |||||||
(c) Annuities/Pensions Payment | |||||||
(d) Other Benefits | |||||||
Total | |||||||
Benefits Paid to Claimants: | |||||||
1. In India | |||||||
2. Outside India | |||||||
Total Benefits Paid (Net) |