Investor Presentaiton
Financials - Standalone Statement of Revenue (Policyholders' Account)
(INR lakhs)
Particulars
Premiums earned - net
(a) Premium
(b) Reinsurance ceded
Sub-total
Income from investments
(a) Interest, dividends & rent - gross
(b) Profit on sale/redemption of investments
(c) (Loss) on sale/redemption of investments
(d) Transfer/gain on revaluation/change in fair value
(e) Other income
March 31, 2022(Standalone)
4,28,02,497.15
(60,575.94)
4,27,41,921.21
2,52,60,799.36
49,77,679.23
For the year ended
March 31, 2023(Standalone)
LIC
भारतीय जीवन बीमा निगम
LIFE INSURANCE CORPORATION OF INDIA
4,74,66,813.63
(66,352.58)
4,74,00,461.05
2,73,68,495.52
49,46,320.74
(f) Contribution from Shareholders' A/Cs towards others
Total (A)
Commission
Operating expenses related to insurance business
Other expenses
Goods & Service tax on fund management & other charges
Provision for taxation
Provisions for doubtful debts
Provisions (other than taxation)
Total (B)
Benefits paid (net)
Interim bonuses paid
Change in valuation of liability in respect of life policies
Transfer to funds for future appropriation
Transfer to funds for discontinued policies
Total (C)
Surplus/(deficit) (D) = (A - B - C)
Total surplus/deficit
Transfer to provision for linked liabilities
(9,37,690.65)
(11,342.60)
77,947.91
8,32,746.46
7,29,42,061.92
23,17,145.53
38,89,067.80
0
9,076.44
(1,29,895.22)
7,87,862.94
(8,07,903.02)
60,65,354.47
3,53,43,758.47
4,02,730.55
3,06,28,848.39
(9,04,613.08)
0
3,526.95
6,54,74,251.28
14,02,455.17
14,02,455.17
(14,82,386.55)
(1,93,416.38)
7,64,853.59
936.50
7,88,05,264.47
25,58,038.98
48,14,560.02
0
10,948.56
(1,94,200.62)
5,24,285.04
(12,90,460.72)
64,23,171.26
3,39,31,267.28
3,26,407.84
3,41,00,204.21
2,27,341.23
981.47
9,749.03
6,85,95,951.06
37,86,142.15
37,86,142.15
Source: Corporation data; Note: The Corporation was in the business of selling Capital Redemption and Annuity Certain (CRAC) policies. Hitherto, the Scheme was considered as non life business and neither included in the standalone financial results
nor reported as a separate segment. Based on the opinion received from the expert advisory committee of ICAI, this scheme has now been included in the standalone audited financial results as on 31.03.2023.
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