annual return: form 1 - fund balance sheet ......2017 12 description annex row no. amount assets...

ETIQA INSURANCE PTE. LTD.I570C

ANNUAL RETURN: FORM 1 - FUND BALANCE SHEET

Reporting Cycle:

Life: SIF - Participating 2

122017

Description Annex RowNo. Amount

ASSETS

Equity securities 1A 1 0

Debt securities 1B 2 0

Land and buildings 1C 3 0

Loans 1D 4 0

Cash and deposits 5 0

Other invested assets 1E 6 0

Investment income due or accrued 7 0

Outstanding premiums and agents' balances 1F 8 0

Deposits withheld by cedants 9 0

Reinsurance recoverables (on paid claims) 1G 10 0

Income tax recoverables 11 0

Fixed assets 1H 12 0

Inter-fund balances and intra group balances (due from) 1I 13 0

Other assets 1J 14 0Total Assets (1 to 14) 15 0

LIABILITIES

Policy liabilities 1K 16 0

Other liabilities:

Outstanding claims 17 0

Annuities due and unpaid 18 0

Reinsurance deposits 19 0

Amounts owing to insurers 20 0

Bank loans and overdrafts 21 0

Inter-fund balances and intra-group balances (due to) 1L 22 0

Others 1M 23 0Total Liabilities (16 to 23) 24 0

SURPLUS (15 - 24) 1N 25 0

30/05/2019 11:57 AM



Reporting Cycle:

Life: SIF - Participating

122017


ASSETS

Equity securities 1A 1 64,044,019

Debt securities 1B 2 300,557,391


Loans 1D 4 490,360

Cash and deposits 5 40,187,274

Other invested assets 1E 6 2,433,028

Investment income due or accrued 7 122,993

Outstanding premiums and agents' balances 1F 8 4,218,791




Fixed assets 1H 12 3,442,212

Inter-fund balances and intra group balances (due from) 1I 13 291,760

Other assets 1J 14 2,869,125Total Assets (1 to 14) 15 418,656,953

LIABILITIES

Policy liabilities 1K 16 385,755,305

Other liabilities:

Outstanding claims 17 2,936,044



Amounts owing to insurers 20 13,324


Inter-fund balances and intra-group balances (due to) 1L 22 2,582,155

Others 1M 23 14,988,090Total Liabilities (16 to 23) 24 406,274,918

SURPLUS (15 - 24) 1N 25 12,382,035

30/05/2019 11:57 AM



Reporting Cycle:

Life: SIF - Non-Participating

122017


ASSETS

Equity securities 1A 1 1,188,657

Debt securities 1B 2 16,353,894


Loans 1D 4 0

Cash and deposits 5 6,459,086

Other invested assets 1E 6 218,727

Investment income due or accrued 7 2,474

Outstanding premiums and agents' balances 1F 8 2,773





Inter-fund balances and intra group balances (due from) 1I 13 898,856

Other assets 1J 14 45,982Total Assets (1 to 14) 15 25,170,449

LIABILITIES

Policy liabilities 1K 16 12,559,996

Other liabilities:




Amounts owing to insurers 20 35,649


Inter-fund balances and intra-group balances (due to) 1L 22 815,628

Others 1M 23 2,279,986Total Liabilities (16 to 23) 24 15,691,259

SURPLUS (15 - 24) 1N 25 9,479,190

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Reporting Cycle:

Life: SIF - Investment-Linked

122017


ASSETS




Loans 1D 4 0











LIABILITIES


Other liabilities:








SURPLUS (15 - 24) 1N 25 0

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Reporting Cycle:

Life: OIF - Participating 2

122017


ASSETS




Loans 1D 4 0











LIABILITIES


Other liabilities:








SURPLUS (15 - 24) 1N 25 0

30/05/2019 11:57 AM



Reporting Cycle:

Life: OIF - Participating

122017


ASSETS




Loans 1D 4 0











LIABILITIES


Other liabilities:








SURPLUS (15 - 24) 1N 25 0

30/05/2019 11:57 AM



Reporting Cycle:

Life: OIF - Non-Participating

122017


ASSETS




Loans 1D 4 0











LIABILITIES


Other liabilities:








SURPLUS (15 - 24) 1N 25 0

30/05/2019 11:57 AM



Reporting Cycle:

Life: OIF - Investment-Linked

122017


ASSETS




Loans 1D 4 0











LIABILITIES


Other liabilities:








SURPLUS (15 - 24) 1N 25 0

30/05/2019 11:57 AM


Description Row No. Listed Unlisted Amount

Equity securities other than collective investmentschemes 1 0 0 0

Collective investment schemes 2 0 0 0

Total (1 to 2) = Row 1 of Form 1 3 0

122017


Reporting Cycle:

ANNUAL RETURN: ANNEX 1A - INVESTMENT IN EQUITY SECURITIES

30/05/2019 11:57:33 AM



Equity securities other than collective investmentschemes 1 54,054,016 0 54,054,016

Collective investment schemes 2 9,990,003 0 9,990,003

Total (1 to 2) = Row 1 of Form 1 3 64,044,019

122017


Reporting Cycle:


30/05/2019 11:57:33 AM



Equity securities other than collective investmentschemes 1 1,008,772 0 1,008,772

Collective investment schemes 2 179,885 0 179,885


122017


Reporting Cycle:


30/05/2019 11:57:33 AM






122017


Reporting Cycle:


30/05/2019 11:57:33 AM


Description Row No. Amount

Government debt securities 1 0

Qualifying debt securities 2 0

Other debt securities 3 0


122017


Reporting Cycle:

ANNUAL RETURN: ANNEX 1B - INVESTMENT IN DEBT SECURITIES

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Government debt securities 1 115,303,203

Qualifying debt securities 2 185,254,188



122017


Reporting Cycle:


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Government debt securities 1 5,635,357

Qualifying debt securities 2 10,718,537



122017


Reporting Cycle:


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122017


Reporting Cycle:


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122017

I570C

Reporting Cycle:

ANNUAL RETURN: ANNEX 1C - INVESTMENT IN LAND AND BUILDINGS

ETIQA INSURANCE PTE. LTD.

Location and Descriptionof Land and Buildings

RowNo. Cost

LastRevaluation

Date

Last ReportedAmount

Changes fromLast Reported

AmountAmount

Total = Row 3 of Form 1 21 0

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122017

I570C

Reporting Cycle:




RowNo. Cost

LastRevaluation

Date

Last ReportedAmount


AmountAmount


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122017


Reporting Cycle:

ANNUAL RETURN: ANNEX 1D - INVESTMENT IN LOANS

Description Row No. Amount Outstanding Provision for DoubtfulLoans Amount

Policy loans 1 0 0 0

Mortgage loans 2 0 0 0

Other secured loans 3 0 0 0

Unsecured loans 4 0 0 0


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122017


Reporting Cycle:



Policy loans 1 490,360 0 490,360




Total (1 to 4) = Row 4 of Form 1 5 490,360

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122017


Reporting Cycle:








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Life: SIF - Participating 2 201712Reporting Cycle:

I570C

ANNUAL RETURN: ANNEX 1E - BREAKDOWN OF OTHER INVESTED ASSETS


DescriptionRow

No.

NotionalPrincipalAmount

Amount

Derivatives

Options:

(a) Call options 1 0 0

(b) Put options 2 0 0

(c) Swaptions 3 0 0

(d) Other options 4 0 0

Total investments in options (1 to 4) 5 0 0

Futures contracts:

(a) Currency futures contracts 6 0 0

(b) Interest rate futures contracts 7 0 0

(c) Other futures contracts 8 0 0

Total investments in futures contracts (6 to 8) 9 0 0

Forward contracts:

(a) Currency forward contracts 10 0 0

(b) Interest rate forward contracts 11 0 0

(c) Other forward contracts 12 0 0

Total investments in forward contracts (10 to 12) 13 0 0

Swaps:

(a) Interest rate swaps 14 0 0

(b) Currency swaps 15 0 0

(c) Other swaps 16 0 0

Total investments in swaps (14 to 16) 17 0 0

Other derivatives 18 0 0

Total investments in derivatives (5 + 9 + 13 + 17 + 18) 19 0 030/05/2019 11:57 AM

Total investments in derivatives (5 + 9 + 13 + 17 + 18) 19 0 0

Other invested assets excluding derivatives

Total investments in other invested assets excludingderivatives 40 0


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Life: SIF - Participating 201712Reporting Cycle:

I570C



DescriptionRow

No.


Amount

Derivatives

Options:



(c) Swaptions 3 0 0



Futures contracts:





Forward contracts:

(a) Currency forward contracts 10 155,362,481 2,433,028



Total investments in forward contracts (10 to 12) 13 155,362,481 2,433,028

Swaps:


(b) Currency swaps 15




Total investments in derivatives (5 + 9 + 13 + 17 + 18) 19 155,362,481 2,433,028


30/05/2019 11:57 AM


Total = Row 6 of Form 1 41 2,433,028

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Life: SIF - Non-Participating 201712Reporting Cycle:

I570C



DescriptionRow

No.


Amount

Derivatives

Options:



(c) Swaptions 3 0 0



Futures contracts:





Forward contracts:

(a) Currency forward contracts 10 8,370,071 218,727



Total investments in forward contracts (10 to 12) 13 8,370,071 218,727

Swaps:


(b) Currency swaps 15



Other derivatives 18

Total investments in derivatives (5 + 9 + 13 + 17 + 18) 19 8,370,071 218,727


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Total = Row 6 of Form 1 41 218,727

30/05/2019 11:57 AM

Life: SIF - Investment-Linked 201712Reporting Cycle:

I570C



DescriptionRow

No.


Amount

Derivatives

Options:



(c) Swaptions 3 0 0



Futures contracts:





Forward contracts:





Swaps:








30/05/2019 11:57 AM



30/05/2019 11:57 AM

Life: OIF - Participating 2 201712Reporting Cycle:

I570C



DescriptionRow

No.


Amount

Derivatives

Options:



(c) Swaptions 3 0 0



Futures contracts:





Forward contracts:





Swaps:








30/05/2019 11:57 AM



30/05/2019 11:57 AM

Life: OIF - Participating 201712Reporting Cycle:

I570C



DescriptionRow

No.


Amount

Derivatives

Options:



(c) Swaptions 3 0 0



Futures contracts:





Forward contracts:





Swaps:








30/05/2019 11:57 AM



30/05/2019 11:57 AM

Life: OIF - Non-Participating 201712Reporting Cycle:

I570C



DescriptionRow

No.


Amount

Derivatives

Options:



(c) Swaptions 3 0 0



Futures contracts:





Forward contracts:





Swaps:








30/05/2019 11:57 AM



30/05/2019 11:57 AM

Life: OIF - Investment-Linked 201712Reporting Cycle:

I570C



DescriptionRow

No.


Amount

Derivatives

Options:



(c) Swaptions 3 0 0



Futures contracts:





Forward contracts:





Swaps:








30/05/2019 11:57 AM



30/05/2019 11:57 AM

201712Reporting Cycle:Life: SIF - Participating 2


ANNUAL RETURN: ANNEX 1F(a) - AGEING OF OUTSTANDING PREMIUMSAND AGENTS' BALANCES OF DIRECT LIFE INSURER

Description RowNo. Amount

In respect of direct business

Bad debts written off during the year 1 0

Ageing of outstanding premiums and agents' balances:

Outstanding period

Up to 3 months 2 0

Above 3 months but not exceeding 6 months 3 0


Above 12 months 5 0

Gross total (2 to 5) 6 0

Provision for doubtful debts 7 0

Total outstanding premiums and agents' balances in respect ofdirect business (6 - 7) 8 0

In respect of reinsurance business



Outstanding period

Up to 6 months 10 0



Above 24 months 13 0



Total outstanding premiums and agents' balances in respect ofreinsurance business (14 - 15) 16 0

Total (8 + 16) = Row 8 of Form 1 17 0

Note: For direct insurance business, outstanding period starts from date of commencement of the cover.In respect of reinsurance business, outstanding period commences from the date premiumsare accrued in the books of the licensed insurer.

30/05/2019 11:57 AM

201712Reporting Cycle:Life: SIF - Participating







Outstanding period

Up to 3 months 2 4,218,791



Above 12 months 5 0

Gross total (2 to 5) 6 4,218,791


Total outstanding premiums and agents' balances in respect ofdirect business (6 - 7) 8 4,218,791




Outstanding period

Up to 6 months 10 0







Total (8 + 16) = Row 8 of Form 1 17 4,218,791


30/05/2019 11:57 AM

201712Reporting Cycle:Life: SIF - Non-Participating







Outstanding period

Up to 3 months 2 2,773



Above 12 months 5 0

Gross total (2 to 5) 6 2,773


Total outstanding premiums and agents' balances in respect ofdirect business (6 - 7) 8 2,773




Outstanding period

Up to 6 months 10 0







Total (8 + 16) = Row 8 of Form 1 17 2,773


30/05/2019 11:57 AM

201712Reporting Cycle:Life: SIF - Investment-Linked







Outstanding period

Up to 3 months 2 0



Above 12 months 5 0







Outstanding period

Up to 6 months 10 0







Total (8 + 16) = Row 8 of Form 1 17 0


30/05/2019 11:57 AM

201712Reporting Cycle:Life: OIF - Participating 2







Outstanding period

Up to 3 months 2 0



Above 12 months 5 0







Outstanding period

Up to 6 months 10 0







Total (8 + 16) = Row 8 of Form 1 17 0


30/05/2019 11:57 AM

201712Reporting Cycle:Life: OIF - Participating







Outstanding period

Up to 3 months 2 0



Above 12 months 5 0







Outstanding period

Up to 6 months 10 0







Total (8 + 16) = Row 8 of Form 1 17 0


30/05/2019 11:57 AM

201712Reporting Cycle:Life: OIF - Non-Participating







Outstanding period

Up to 3 months 2 0



Above 12 months 5 0







Outstanding period

Up to 6 months 10 0







Total (8 + 16) = Row 8 of Form 1 17 0


30/05/2019 11:57 AM

201712Reporting Cycle:Life: OIF - Investment-Linked







Outstanding period

Up to 3 months 2 0



Above 12 months 5 0







Outstanding period

Up to 6 months 10 0







Total (8 + 16) = Row 8 of Form 1 17 0


30/05/2019 11:57 AM


122017


Reporting Cycle:

ANNUAL RETURN: ANNEX 1G - STATEMENT OF REINSURANCE RECOVERABLES


Reinsurance recoveries on unpaid claims 1 0

Reinsurance recoverables written off during the year 2 0

Ageing of reinsurance recoverables (on paid claims):

Outstanding period

Up to 1 year 3 0

Above 1 year but not exceeding 2 years 4 0

Above 2 years 5 0

Total (3 to 5) 6 0

Provision for doubtful reinsurance recoverables 7 0

Total (6 - 7) = Row 10 of Form 1 8 0

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122017


Reporting Cycle:



Reinsurance recoveries on unpaid claims 1 1,361,902



Outstanding period

Up to 1 year 3 0


Above 2 years 5 0

Total (3 to 5) 6 0


Total (6 - 7) = Row 10 of Form 1 8 0

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122017


Reporting Cycle:



Reinsurance recoveries on unpaid claims 1 1,117,758



Outstanding period

Up to 1 year 3 0


Above 2 years 5 0

Total (3 to 5) 6 0


Total (6 - 7) = Row 10 of Form 1 8 0

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122017


Reporting Cycle:






Outstanding period

Up to 1 year 3 0


Above 2 years 5 0

Total (3 to 5) 6 0


Total (6 - 7) = Row 10 of Form 1 8 0

30/05/2019 11:57 AM


122017


Reporting Cycle:

ANNUAL RETURN: ANNEX 1H - FIXED ASSETS


Motor vehicles 1 0

Computer equipment 2 0

Other fixed assets 3 0


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122017


Reporting Cycle:



Motor vehicles 1 15,562

Computer equipment 2 3,082,550

Other fixed assets 3 344,100


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122017


Reporting Cycle:



Motor vehicles 1 0




30/05/2019 11:57 AM


122017


Reporting Cycle:

ANNUAL RETURN: ANNEX 1I - INTER-FUND BALANCES AND


Balances due from head office / shareholders fund 1 0

Balances due from overseas branches / related corporations 2 0

Balances due from other insurance funds established andmaintained under the Act 3 0


INTRA-GROUP BALANCES (DUE FROM)

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122017


Reporting Cycle:



Balances due from head office / shareholders fund 1 24,301

Balances due from overseas branches / related corporations 2 118,712

Balances due from other insurance funds established andmaintained under the Act 3 148,747



30/05/2019 11:57 AM


122017


Reporting Cycle:





Balances due from other insurance funds established andmaintained under the Act 3 898,856



30/05/2019 11:57 AM


122017


Reporting Cycle:








30/05/2019 11:57 AM



Sundry Prepayment Asset 1 220,789

Intangible Assets 2 1,071,297

Rental Deposit 3 6,580

Sundry Debtors 4 486

Work-in-progress [WIP] 5 398,309

Custodian Receivable 6 1,171,664

Total = Row 14 of Form 1 26 2,869,125

I570C ETIQA INSURANCE PTE. LTD.

2017 12

ANNUAL RETURN: ANNEX 1J - BREAKDOWN OF OTHER ASSETS

Reporting Cycle:

30/05/2019 11:57 AM



Custodian Receivable 1 20,128

Input GST Deductibles 2 1,305

Intangible Assets 3 24,511

Sundry Debtors 4 38



2017 12

ANNUAL RETURN: ANNEX 1J - BREAKDOWN OF OTHER ASSETS

Reporting Cycle:

30/05/2019 11:57 AM



Total assets 1 0

Balance in the surplus account 2 0

Other liabilities 3 0

Policy assets (1 - 2 - 3) 4 0

Sum of liability in respect of each policy of the participating fund 5 0

Minimum condition liability 6 0

Policy Liabilities (highest of 4, 5 or 6) = Row 16 of Form 1 7 0


2017 12

ANNUAL RETURN: ANNEX 1K - POLICY LIABILITIES OF PARTICIPATING FUND

Reporting Cycle:

30/05/2019 11:57 AM



Total assets 1 424,692,960

Balance in the surplus account 2 12,382,035

Other liabilities 3 26,555,620

Policy assets (1 - 2 - 3) 4 385,755,305

Sum of liability in respect of each policy of the participating fund 5 382,531,081

Minimum condition liability 6 284,421,665

Policy Liabilities (highest of 4, 5 or 6) = Row 16 of Form 1 7 385,755,305


2017 12


Reporting Cycle:

30/05/2019 11:57 AM



Total assets 1

Balance in the surplus account 2

Other liabilities 3

Policy assets (1 - 2 - 3) 4

Sum of liability in respect of each policy of the participating fund 5

Minimum condition liability 6

Policy Liabilities (highest of 4, 5 or 6) = Row 16 of Form 1 7


2017 12


Reporting Cycle:

30/05/2019 11:57 AM



Total assets 1 0








2017 12


Reporting Cycle:

30/05/2019 11:57 AM


122017


Reporting Cycle:

ANNUAL RETURN: ANNEX 1L - INTER-FUND BALANCES AND


Balances due to head office / shareholders fund 1 0

Balances due to overseas branches / related corporations 2 0

Balances due to other insurance funds established andmaintained under the Act 3 0


INTRA-GROUP BALANCES (DUE TO)

30/05/2019 11:57 AM


122017


Reporting Cycle:





Balances due to other insurance funds established andmaintained under the Act 3 2,582,155



30/05/2019 11:57 AM


122017


Reporting Cycle:





Balances due to other insurance funds established andmaintained under the Act 3 815,628



30/05/2019 11:57 AM


122017


Reporting Cycle:








30/05/2019 11:57 AM




Reporting Cycle: 122017


ANNUAL RETURN: ANNEX 1M - BREAKDOWN OF OTHERS

30/05/2019 11:57 AM



Accruals for Commission 1 3,918,534

Accruals for Expenses 2 3,557,586

Provision for Reinstatement Costs 3 300,000

Custodian Payable 4 5,937,135

Premium Suspense 5 826,079

GST Payable 6 32

Other Payables 7 448,724

Total = Row 23 of Form 1 26 14,988,090




30/05/2019 11:57 AM



Accruals for Commission 1 185,201

Accrual for Expenses 2 48,841

Other Payables 3 1,261,764

Custodian Payable 4 689,545

Deferred Tax 5 32,450

Premium Suspense 6 62,185

Total = Row 23 of Form 1 26 2,279,986




30/05/2019 11:57 AM







30/05/2019 11:57 AM


122017


Reporting Cycle:

ANNUAL RETURN: ANNEX 1N - SURPLUS


Surplus at beginning of period 1 0

Net income 2 0

Transfer (to) from head office / shareholders fund 3 0

Surplus at End of Period (1 to 3) = Row 25 of Form 1 4 0

30/05/2019 11:57 AM


122017


Reporting Cycle:



Surplus at beginning of period 1 7,146,525

Net income 2 5,235,510


Surplus at End of Period (1 to 3) = Row 25 of Form 1 4 12,382,035

30/05/2019 11:57 AM


122017


Reporting Cycle:



Surplus at beginning of period 1 4,120,524

Net income 2 -553,334

Transfer (to) from head office / shareholders fund 3 5,912,000

Surplus at End of Period (1 to 3) = Row 25 of Form 1 4 9,479,190

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122017


Reporting Cycle:




Net income 2 0



30/05/2019 11:57 AM


122017


Reporting Cycle:

ANNUAL RETURN: ANNEX 1(i) - INFORMATION IN RESPECT OF REDUCTION IN VALUE OF LIABILITIES

DUE TO REINSURANCE CEDED TO REINSURERS IN RESPECT OF LIFE BUSINESS

Description RowNo

Participatingpolicies

Non-participatingpolicies

Investment-linked policies Amount

Licensed insurer 1 0 0 0 0Authorised reinsurer / related corporation / headoffice / branch of head office of the licensedinsurer

2 0 0 0 0

Unlicensed reinsurer 3 0 0 0 0

Total (1 to 3) 4 0 0 0 0

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122017


Reporting Cycle:



Description RowNo




Licensed insurer 1 1,361,902 0 0 1,361,902Authorised reinsurer / related corporation / headoffice / branch of head office of the licensedinsurer

2 0 0 0 0


Total (1 to 3) 4 1,361,902 0 0 1,361,902

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122017


Reporting Cycle:



Description RowNo




Licensed insurer 1 0 1,117,758 0 1,117,758Authorised reinsurer / related corporation / headoffice / branch of head office of the licensedinsurer

2 0 0 0 0


Total (1 to 3) 4 0 1,117,758 0 1,117,758

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122017


Reporting Cycle:



Description RowNo





2 0 0 0 0


Total (1 to 3) 4 0 0 0 0

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Description of Assets and Name of InvesteeCompany Row No. No. of Units Cost Amount

Name of company: -

Equity securities 1 0 0 0

Debt securities 2 0 0 0

Secured loans 3 0 0 0


Other invested assets 5 0 0 0


A RELATED CORPORATION OF LICENSED INSURER

ANNUAL RETURN: ANNEX 1(iii) - INFORMATION IN RESPECT OF INVESTMENTS IN

Reporting Cycle:

I570C

201712


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Name of company: -









Reporting Cycle:

I570C

201712


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I570C

ANNUAL RETURN: NOTES TO FORM 1



Note 1 The aggregate amounts of loans to and amounts due from - Amount

(a) Directors 0

(b) Employees of the licensed insurer 0

Note 3 - Description of any change in accounting policies and methodologies in the valuationof assets and liabilities and the quantification of their effects.NIL

Note 4 - Description of any prior adjustment and correction for errors and reasons for theadjustments and corrections.NIL

Note 5 In respect of financial guarantee business - Amount

(a) where premiums are payable in installments, the present value of futureinstallment premiums payable by the insured in a future accounting period 0

and discount rate used 0

(b) where the premiums are payable in full at the commencement of the policy ofinsurance, the full amount of the premiums payable by the insured in theaccounting period in which the policy commences.

0

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I570C





(a) Directors 0


Description Row no Amount

Note 2(a) Intangible assets - Computer Software 1 1,071,297







0

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I570C





(a) Directors 0


Description Row no Amount

Note 2(a) Intangible assets - Computer Software 1 24,511







0

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I570C





(a) Directors 0








0

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ANNUAL RETURN: FORM 1 - ADDITIONAL INFORMATION

2017 12

NIL

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ANNUAL RETURN: FORM 2 - FUND PROFIT AND LOSS ACCOUNT

Reporting Cycle: 12



Gross premiums 2A 1 0

Less: Outward reinsurance premiums 2B 2 0

Investment revenue 2C 3 0

Less: Investment expenses 4 0

Other income 2D 5 0

Total Income (1 to 5) 6 0

Gross claims settled 2E 7 0

Less: Reinsurance recoveries 8 0

Management expenses 2F 9 0

Distribution expenses 2G 10 0

Increase (decrease) in net policy liabilities 2H 11 0

Provision for doubtful debts/ bad debts written off on receivables 12 0

Taxation expenses 13 0

Other expenses 2I 14 0

Total Outgo (7 to 14) 15 0

Net Income (6 - 15) 2J 16 0

2017

30/05/2019 11:57 AM



Reporting Cycle: 12



Gross premiums 2A 1 233,769,247

Less: Outward reinsurance premiums 2B 2 28,854

Investment revenue 2C 3 26,947,602

Less: Investment expenses 4 1,125,751

Other income 2D 5 439,154

Total Income (1 to 5) 6 260,001,398

Gross claims settled 2E 7 3,855,969


Management expenses 2F 9 14,756,552

Distribution expenses 2G 10 14,403,756

Increase (decrease) in net policy liabilities 2H 11 220,553,767



Other expenses 2I 14 1,195,844

Total Outgo (7 to 14) 15 254,765,888

Net Income (6 - 15) 2J 16 5,235,510

2017

30/05/2019 11:57 AM



Reporting Cycle: 12



Gross premiums 2A 1 13,164,863

Less: Outward reinsurance premiums 2B 2 76,284

Investment revenue 2C 3 837,496

Less: Investment expenses 4 66,488

Other income 2D 5 76,702

Total Income (1 to 5) 6 13,936,289



Management expenses 2F 9 2,459,006

Distribution expenses 2G 10 676,012

Increase (decrease) in net policy liabilities 2H 11 11,022,550


Taxation expenses 13 28,686

Other expenses 2I 14 303,369

Total Outgo (7 to 14) 15 14,489,623

Net Income (6 - 15) 2J 16 -553,334

2017

30/05/2019 11:57 AM



Reporting Cycle: 12







Other income 2D 5 0











Net Income (6 - 15) 2J 16 0

2017

30/05/2019 11:57 AM


122017Reporting Cycle:

ANNUAL RETURN: ANNEX 2A - PREMIUM REVENUE IN RESPECT



Individual business:

Single premiums 1 0

Regular premiums - new business 2 0

Regular premiums - renewal business 3 0

Group business:

Premiums 4 0

Direct insurance premiums (1 to 4) 5 0

Inward reinsurance premiums 6 0


OF LIFE BUSINESS

30/05/2019 11:57:34 AM







Single premiums 1 20,733,453

Regular premiums - new business 2 76,374,661

Regular premiums - renewal business 3 136,661,133

Group business:

Premiums 4 0

Direct insurance premiums (1 to 4) 5 233,769,247



OF LIFE BUSINESS

30/05/2019 11:57:34 AM







Single premiums 1 8,313,488

Regular premiums - new business 2 4,690,504

Regular premiums - renewal business 3 140,326

Group business:

Premiums 4 20,545

Direct insurance premiums (1 to 4) 5 13,164,863



OF LIFE BUSINESS

30/05/2019 11:57:34 AM







Single premiums 1 0



Group business:

Premiums 4 0




OF LIFE BUSINESS

30/05/2019 11:57:34 AM



ANNUAL RETURN: ANNEX 2B - OUTWARD REINSURANCE PREMIUMS



Licensed insurer / foreign insurer under the foreign insurerscheme 1 0

Authorised reinsurer / related corporation / head office / branchof head office of the licensed insurer 2 0

Unlicensed reinsurer 3 0


30/05/2019 11:57:34 AM






Licensed insurer / foreign insurer under the foreign insurerscheme 1 28,854




30/05/2019 11:57:34 AM






Licensed insurer / foreign insurer under the foreign insurerscheme 1 76,284




30/05/2019 11:57:34 AM










30/05/2019 11:57:34 AM


Description Row No.Interest /

Dividend / RentalIncome

Realised Gains(Losses) FromLast ReportedValue / Write-

backs (Write-offs)

UnrealisedChanges FromLast Reported

Value

Amount

Equity securities 1 0 0 0 0

Debt securities 2 0 0 0 0

Land and Buildings 3 0 0 0 0

Loans 4 0 0 0 0

Cash and deposits 5 0 0 0 0

Other invested assets 6 0 0 0 0


122017


Reporting Cycle:

ANNUAL RETURN: ANNEX 2C - INVESTMENT REVENUE

30/05/2019 11:57:33 AM





backs (Write-offs)


Value

Amount

Equity securities 1 1,937,555 15,326,087 -284,570 16,979,072

Debt securities 2 6,571,675 106,681 -3,571,886 3,106,470


Loans 4 0 0 0 0

Cash and deposits 5 108,342 -300,496 0 -192,154

Other invested assets 6 0 2,387,115 4,667,099 7,054,214


122017


Reporting Cycle:


30/05/2019 11:57:33 AM





backs (Write-offs)


Value

Amount

Equity securities 1 36,499 266,797 -6,280 297,016

Debt securities 2 377,530 38,771 -217,048 199,253


Loans 4 0 0 0 0

Cash and deposits 5 4,473 -33,593 0 -29,120

Other invested assets 6 0 19,005 351,342 370,347


122017


Reporting Cycle:


30/05/2019 11:57:33 AM





backs (Write-offs)


Value

Amount




Loans 4 0 0 0 0




122017


Reporting Cycle:


30/05/2019 11:57:33 AM





backs (Write-offs)


Value

Amount




Loans 4 0 0 0 0



Total (1 to 6) = Row 3 of Form 2 7 0 0 0 0

122017


Reporting Cycle:

ANNUAL RETURN: ANNEX 2C(A) - INVESTMENT REVENUE OF ASSETS IN SURPLUS ACCOUNT OF PARTICIPATING FUND

30/05/2019 11:57:33 AM





backs (Write-offs)


Value

Amount




Loans 4 0 0 0 0

Cash and deposits 5 53,038 0 0 53,038


Total (1 to 6) = Row 3 of Form 2 7 53,038 0 0 53,038

122017


Reporting Cycle:


30/05/2019 11:57:33 AM





backs (Write-offs)


Value

Amount




Loans 4 0 0 0 0




122017


Reporting Cycle:


30/05/2019 11:57:33 AM





backs (Write-offs)


Value

Amount




Loans 4 0 0 0 0




122017


Reporting Cycle:

ANNUAL RETURN: ANNEX 2C(B) - INVESTMENT REVENUE OF ASSETS IN UNIT RESERVES OF INVESTMENT-LINKED FUND

30/05/2019 11:57:33 AM



ANNUAL RETURN: ANNEX 2D - BREAKDOWN OF OTHER INCOME



Total = Row 5 of Form 2 26

30/05/2019 11:57:34 AM






Tax Income - PIC 1 85,865

Depreciation charge - out 2 205,851

Other Income 3 52,876

Recharge from Related Company - Maybank Singapore 4 20,237

Recharge from Related Company - AsianLife& General As 5 58,414

Interest on policy loan 6 15,911


30/05/2019 11:57:34 AM






Tax Income 1 3,892

Other Income 2 56,885

Recharge from Related Company - Maybank Singapore 3 4,102

Recharge from Related Company - AsianLife& General As 4 11,823


30/05/2019 11:57:34 AM







30/05/2019 11:57:34 AM



ANNUAL RETURN: ANNEX 2E - CLAIMS OF DIRECT LIFE INSURER



Death, total permanent disability, critical illness 1 0Accident and health benefits other than total permanentdisability and critical illness 2 0

Maturity / anticipated endowment 3 0

Surrenders 4 0

Annuities 5 0

Cash bonuses 6 0

Others 7 0


30/05/2019 11:57:34 AM






Death, total permanent disability, critical illness 1 301,603Accident and health benefits other than total permanentdisability and critical illness 2 0


Surrenders 4 496,177

Annuities 5 0

Cash bonuses 6 3,058,189

Others 7 0


30/05/2019 11:57:34 AM








Surrenders 4 0

Annuities 5 0

Cash bonuses 6 0

Others 7 0


30/05/2019 11:57:34 AM



ANNUAL RETURN: ANNEX 2F - MANAGEMENT EXPENSES



Staff salaries & expenses 1 0

Office rent 2 0

Head office / parent company expenses 3 0

Directors' fees 4 0

Audit fees 5 0

Managing agent's fees 6 0

Repairs and maintenance 7 0

Public utilities 8 0

Printing, stationery and periodicals 9 0

Postage, telephone and telex charges 10 0

Computer charges 11 0

Hire of office equipment 12 0

Licence and association fees 13 0

Advertising and subscriptions 14 0

Entertainment 15 0

Travelling expenses 16 0


30/05/2019 11:57:34 AM






Staff salaries & expenses 1 8,075,031

Office rent 2 976,776


Directors' fees 4 406,497

Audit fees 5 216,117


Repairs and maintenance 7 423,682

Public utilities 8 25,733

Printing, stationery and periodicals 9 109,552

Postage, telephone and telex charges 10 36,820

Computer charges 11 136,644


Licence and association fees 13 93,421

Advertising and subscriptions 14 1,952,966

Entertainment 15 25,849

Travelling expenses 16 17,145

Outsourcing fees 1 220,445

Channel related expenses 2 1,027,955

GST expenses 3 365,460

Consultancy& professional fees 4 304,310

Other management expenses 5 342,149

Total = Row 9 of Form 2 27 14,756,552

30/05/2019 11:57:34 AM






Staff salaries & expenses 1 1,711,998

Office rent 2 201,373


Directors' fees 4 5,349

Audit fees 5 4,665


Repairs and maintenance 7 34,041


Printing, stationery and periodicals 9 28,796

Postage, telephone and telex charges 10 4,693

Computer charges 11 1,846


Licence and association fees 13 1,317

Advertising and subscriptions 14 193,415

Entertainment 15 964

Travelling expenses 16 3,809

Outsourcing fees 1 13,093

Channel related expenses 2 12,964

GST expenses 3 38,662

Consultancy& professional fees 4 84,607

Other management expenses 5 117,075

Total = Row 9 of Form 2 27 2,459,006

30/05/2019 11:57:34 AM







Office rent 2 0


Directors' fees 4 0

Audit fees 5 0










Entertainment 15 0



30/05/2019 11:57:34 AM



ANNUAL RETURN: ANNEX 2G - DISTRIBUTION EXPENSES IN RESPECT




First period commissions - single premium 1 0

First period commissions - regular premium 2 0

Renewal commissions 3 0

Group business:

Commissions 4 0

Overriding commissions 5 0

Production and other bonuses 6 0

Trailer fees 7 0

Cost of benefits and services 8 0

Other cash payments 9 0

Total distribution cost excluding reinsurance commissions (1 to 9) 10 0

Reinsurance commissions 11 0

Total (10 - 11) = Row 10 of Form 2 12 0

OF LIFE BUSINESS

30/05/2019 11:57:34 AM







First period commissions - single premium 1 1,598,823

First period commissions - regular premium 2 6,252,440

Renewal commissions 3 6,563,364

Group business:

Commissions 4 0



Trailer fees 7 0



Total distribution cost excluding reinsurance commissions (1 to 9) 10 14,414,715

Reinsurance commissions 11 10,959

Total (10 - 11) = Row 10 of Form 2 12 14,403,756

OF LIFE BUSINESS

30/05/2019 11:57:34 AM







First period commissions - single premium 1 576,892

First period commissions - regular premium 2 58,839

Renewal commissions 3 58,441

Group business:

Commissions 4 0



Trailer fees 7 0



Total distribution cost excluding reinsurance commissions (1 to 9) 10 694,172

Reinsurance commissions 11 18,160

Total (10 - 11) = Row 10 of Form 2 12 676,012

OF LIFE BUSINESS

30/05/2019 11:57:34 AM










Group business:

Commissions 4 0



Trailer fees 7 0





Total (10 - 11) = Row 10 of Form 2 12 0

OF LIFE BUSINESS

30/05/2019 11:57:34 AM



ANNUAL RETURN: ANNEX 2H - NET POLICY LIABILITIES IN RESPECT



Net policy liabilities at end of period 1 0

Net policy liabilities at beginning of period 2 0

Increase (Decrease) in Net Policy Liabilities (1 - 2) = Row 11of Form 2 3 0

OF LIFE BUSINESS

30/05/2019 11:57:34 AM






Net policy liabilities at end of period 1 385,755,305

Net policy liabilities at beginning of period 2 165,201,538

Increase (Decrease) in Net Policy Liabilities (1 - 2) = Row 11of Form 2 3 220,553,767

OF LIFE BUSINESS

30/05/2019 11:57:34 AM






Net policy liabilities at end of period 1 12,559,996

Net policy liabilities at beginning of period 2 1,537,446

Increase (Decrease) in Net Policy Liabilities (1 - 2) = Row 11of Form 2 3 11,022,550

OF LIFE BUSINESS

30/05/2019 11:57:34 AM









OF LIFE BUSINESS

30/05/2019 11:57:34 AM


ANNUAL RETURN: ANNEX 2I - BREAKDOWN OF OTHER EXPENSES

Reporting Cycle:

I570C

122017



Depreciation 1 1,177,479

Disposal of Assets 2 3,472

Other Expenses 3 14,893

Total = Row 14 of Form 2 26 1,195,844

30/05/2019 11:57:34 AM


ANNUAL RETURN: ANNEX 2I - BREAKDOWN OF OTHER EXPENSES

Reporting Cycle:

I570C

122017



Depreciation charge out 1 156,344

Depreciation 2 415

Unrealised exchange loss 3 141,507

Other expenses 4 5,103


30/05/2019 11:57:34 AM



ANNUAL RETURN: ANNEX 2J - NET INCOME OF PARTICIPATING FUND



Allocation to surplus account 1 0

Surplus account investment revenue 2 0

Less: Surplus account investment expenses 3 0

Surplus account investment income (2 - 3) 4 0

Recovery of amount transferred out of the surplus account if ithas not been transferred back into the surplus accountpreviously

5 0

Net Income (1 + 4 + 5) = Row 16 of Form 2 6 0

30/05/2019 11:57:34 AM






Allocation to surplus account 1 496,462

Surplus account investment revenue 2 53,038


Surplus account investment income (2 - 3) 4 53,038


5 4,686,010

Net Income (1 + 4 + 5) = Row 16 of Form 2 6 5,235,510

30/05/2019 11:57:34 AM






Allocation to surplus account 1

Surplus account investment revenue 2

Less: Surplus account investment expenses 3

Surplus account investment income (2 - 3) 4


5

Net Income (1 + 4 + 5) = Row 16 of Form 2 6

30/05/2019 11:57:34 AM











5


30/05/2019 11:57:34 AM











5 0


30/05/2019 11:57:34 AM











5


30/05/2019 11:57:34 AM


Reporting Cycle: 2017 12


NIL

30/05/2019 11:57 AM


ANNUAL RETURN: FORM 3 - STATEMENT IN RESPECT OF LIFE BUSINESS OF DIRECT LIFE INSURER RELATING TOPOLICIES ISSUED TO INDIVIDUALS

Reporting Cycle:

I570C

122017


Description Row NoSingle Premium

Business - SinglePremium

Single PremiumBusiness - Number

of Policies

Single PremiumBusiness - Sum

Insured

Regular PremiumBusiness - Regular

Premium

Regular PremiumBusiness - Number

of Policies

Regular PremiumBusiness - Sum

Insured

A. New Business Policies other than annuities -

Whole life 1 0 0 0 0 0 0

Endowment 2 0 0 0 0 0 0

Term 3 0 0 0 0 0 0

Accident 4 0 0 0 0 0 0

Health 5 0 0 0 0 0 0

Others 6 0 0 0 0 0 0

Total (1 to 6) 7 0 0 0 0 0 0

Annuities only 8 0 0 0 0 0 0B. Terminations and transfers

Policies other than annuities - Death, total permanent disability,critical illness 9 0 0 0 0 0

Maturity 10 0 0 0 0 0

Expiry 11 0 0 0 0 0

Surrender 12 0 0 0 0 0

Forfeiture 13 0 0 0 0 0

Net transfers 14 0 0 0 0 0

Others 15 0 0 0 0 0

Total (9 to 15) 16 0 0 0 0 0

Annuities only 17 0 0 0 0 0

C. Business in Force

Policies other than annuities -

Whole life 18 0 0 0 0 0

Endowment 19 0 0 0 0 0

Term 20 0 0 0 0 0

30/05/2019 11:57:34 AM




of Policies


Insured


Premium


of Policies


Insured

Accident 21 0 0 0 0 0

Health 22 0 0 0 0 0

Others 23 0 0 0 0 0

Total (18 to 23) 24 0 0 0 0 0

Annuities only (last period's 25 + 8 -17) 25 0 0 0 0 0

30/05/2019 11:57:34 AM



Reporting Cycle:

I570C

122017





of Policies


Insured


Premium


of Policies


Insured


Whole life 1 20,723,454 103 36,079,941 7,751 4 239,000

Endowment 2 10,000 1 10,000 81,474,913 3,418 218,893,181

Term 3 0 0 0 0 0 0

Accident 4 0 0 0 0 0 0

Health 5 0 0 0 0 0 0

Others 6 0 0 0 0 0 0

Total (1 to 6) 7 20,733,454 104 36,089,941 81,482,664 3,422 219,132,181


Policies other than annuities - Death, total permanent disability,critical illness 9 0 0 145,250 15 732,000

Maturity 10 0 0 0 0 0

Expiry 11 0 0 0 0 0

Surrender 12 0 0 1,308,594 103 6,054,000

Forfeiture 13 0 0 561,406 179 5,952,319


Others 15 0 0 4,968,615 232 15,254,743

Total (9 to 15) 16 0 0 6,983,865 529 27,993,062




Whole life 18 125 50,498,541 20,328 8 719,000

Endowment 19 1 10,000 214,428,825 13,761 896,066,953

Term 20 0 0 0 0 0

Accident 21 0 0 0 0 0

30/05/2019 11:57:34 AM




of Policies


Insured


Premium


of Policies


Insured

Health 22 0 0 0 0 0

Others 23 0 0 0 0 0

Total (18 to 23) 24 126 50,508,541 214,449,153 13,769 896,785,953


30/05/2019 11:57:34 AM



Reporting Cycle:

I570C

122017





of Policies


Insured


Premium


of Policies


Insured


Whole life 1 6,586,376 3 33,326,800 0 0 0

Endowment 2 1,693,000 45 1,777,650 4,591,111 212 6,990,000

Term 3 0 0 0 25,751 27 15,658,344

Accident 4 67,183 0 7,525,000 0 0 0

Health 5 0 0 0 7,338 0 2,916,040

Others 6 0 0 0 0 0 0

Total (1 to 6) 7 8,346,559 48 42,629,450 4,624,200 239 25,564,384



Maturity 10 0 0 0 0 0

Expiry 11 0 121,617 19,423 21 14,622,181




Others 15 2 86,803 2,747 1 1,684,306

Total (9 to 15) 16 2 208,420 22,170 22 16,306,487




Whole life 18 3 48,943,995 0 0 0

Endowment 19 43 1,719,900 4,591,111 212 6,990,000

Term 20 0 0 158,347 140 79,186,270

Accident 21 0 9,962,500 0 0 0

30/05/2019 11:57:34 AM




of Policies


Insured


Premium


of Policies


Insured

Health 22 0 0 15,967 0 9,050,376

Others 23 0 0 0 0 0

Total (18 to 23) 24 46 60,626,395 4,765,425 352 95,226,646


30/05/2019 11:57:34 AM



Reporting Cycle:

I570C

122017





of Policies


Insured


Premium


of Policies


Insured


Whole life 1 0 0 0 0 0 0

Endowment 2 0 0 0 0 0 0

Term 3 0 0 0 0 0 0

Accident 4 0 0 0 0 0 0

Health 5 0 0 0 0 0 0

Others 6 0 0 0 0 0 0

Total (1 to 6) 7 0 0 0 0 0 0



Maturity 10 0 0 0 0 0

Expiry 11 0 0 0 0 0




Others 15 0 0 0 0 0

Total (9 to 15) 16 0 0 0 0 0




Whole life 18 0 0 0 0 0


Term 20 0 0 0 0 0

Accident 21 0 0 0 0 0

30/05/2019 11:57:34 AM




of Policies


Insured


Premium


of Policies


Insured

Health 22 0 0 0 0 0

Others 23 0 0 0 0 0

Total (18 to 23) 24 0 0 0 0 0


30/05/2019 11:57:34 AM