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INSURANCE CORPORATION OF INDIA2024-04-012025-03-31Quarterly2024-12-31EquitytruetruefalseThere was no acquisition of shares or voting rights aggregating to five percent or more of the shares or voting rights in an unlisted company or any change in holding from the last disclosure made under sub para 1 of para A part A of Schedule III of SEBI LODR 2015 exceeding two per cent of the total shareholding or voting rights in the said unlisted company.falseThere are NIL fines and penalties imposed by by any regulatory, statutory, enforcement authority or judicial body which are lower than the monetary thresholds specified under sub para 20 of para A part A of schedule III of SEBI LODR 2015truetrueTop 500 listed entitiestrueCOMZ00153OriginaltruefalseMrRamaswamy Narayanan10337640Executive DirectorChairpersonCEO-MD1965-09-04falseActiveNA2023-10-012031MrMaruthi Prasad Tangirala03609968Non-Executive - Nominee DirectorNot Applicable1965-07-25falseActiveNA2023-01-053010MsArumugam Manimekhalai08411575Non-Executive - Independent DirectorNot Applicable1966-03-04falseActiveNA2022-09-0528.272132MrSivakumar T09450908Non-Executive - Independent DirectorNot Applicable1967-06-10falseActiveNA2021-12-212024-12-2036.871110Tenure CompletionMrPriya Bhushan Sharma01081362Non-Executive - Independent DirectorNot Applicable1968-10-09falseActiveNA2022-03-2233.831120MsVinita Kumari10093690Non-Executive - Independent DirectorNot Applicable1981-03-01falseActiveNA2023-03-2421.61120MrHitesh R Joshi09322218Executive DirectorNot Applicable1968-09-19falseActiveNA2024-07-092010MsRadhika Seetharaman Chinnadaraduram10703999Executive DirectorNot Applicable1965-06-24falseActiveNA2024-07-121000truetruetruetruetrueAudit Committee08411575Arumugam ManimekhalaiNon-Executive - Independent DirectorChairperson2022-09-30Audit Committee09450908Sivakumar TNon-Executive - Independent DirectorMember2022-01-062024-12-20Audit Committee01081362Priya Bhushan SharmaNon-Executive - Independent DirectorMember2022-05-10Audit Committee10093690Vinita KumariNon-Executive - Independent DirectorMember2023-05-11Nomination and remuneration committee08411575Arumugam ManimekhalaiNon-Executive - Independent DirectorChairperson2022-09-30Nomination and remuneration committee03609968Maruthi Prasad TangiralaNon-Executive - Nominee DirectorMember2023-01-30Nomination and remuneration committee09450908Sivakumar TNon-Executive - Independent DirectorMember2022-01-062024-12-20Nomination and remuneration committee10093690Vinita KumariNon-Executive - Independent DirectorMember2023-05-11Stakeholders Relationship Committee08411575Arumugam ManimekhalaiNon-Executive - Independent DirectorChairperson2022-09-30Stakeholders Relationship Committee01081362Priya Bhushan SharmaNon-Executive - Independent DirectorMember2022-06-03Stakeholders Relationship Committee10337640Ramaswamy NarayananExecutive DirectorMember2023-10-01Stakeholders Relationship Committee10093690Vinita KumariNon-Executive - Independent DirectorMember2023-05-11Risk Management Committee09450908Sivakumar TNon-Executive - Independent DirectorChairperson2022-09-302024-12-20Risk Management Committee10337640Ramaswamy NarayananExecutive DirectorMember2023-10-01Risk Management Committee08411575Arumugam ManimekhalaiNon-Executive - Independent DirectorMember2022-09-30Risk Management Committee01081362Priya Bhushan SharmaNon-Executive - Independent DirectorMember2022-05-10Risk Management Committee09322218Hitesh R JoshiExecutive DirectorMember2024-08-09Risk Management Committee10703999Radhika Seetharaman ChinnadaraduramExecutive DirectorMember2024-08-09Risk Management Committee99999999V. BalkrishnaChief Financial OfficerMember2024-07-15Mr. V. Balkrishna, CFO being a non-board member, DIN is not applicable. Risk Management Committee99999999Jayashri BalkrishnaChief Risk OfficerMember2024-07-15Mrs. Jayshree Balkrishna, CRO being a non-board member, DIN is not applicable. Risk Management Committee99999999Sateesh BhatAppointed Actuary (NonLife)Member2024-07-15Mr. Sateesh Bhat, AA (Non Life) being a non-board member, DIN is not applicable. Risk Management Committee99999999Suresh SindhiAppointed Actuary (Life)Member2024-07-15 Mr. Suresh Sindhi, AA (Life) being a non-board member, DIN is not applicable. Corporate Social Responsibility Committee10337640Ramaswamy NarayananExecutive DirectorChairperson2023-10-01Corporate Social Responsibility Committee08411575Arumugam ManimekhalaiNon-Executive - Independent DirectorMember2022-09-30Corporate Social Responsibility Committee09450908Sivakumar TNon-Executive - Independent DirectorMember2022-05-102024-12-20Corporate Social Responsibility Committee01081362Priya Bhushan SharmaNon-Executive - Independent DirectorMember2022-09-30Corporate Social Responsibility Committee10093690Vinita KumariNon-Executive - Independent DirectorMember2023-05-11Corporate Social Responsibility Committee09322218Hitesh R JoshiExecutive DirectorMember2024-08-09Corporate Social Responsibility Committee10703999Radhika Seetharaman ChinnadaraduramExecutive DirectorMember2024-08-09Other Committee10337640Ramaswamy NarayananInvestment CommitteeExecutive DirectorChairpersonOther Committee08411575Arumugam ManimekhalaiInvestment CommitteeNon-Executive - Independent DirectorMemberOther Committee01081362Priya Bhushan SharmaInvestment CommitteeNon-Executive - Independent DirectorMemberOther Committee10093690Vinita KumariInvestment CommitteeNon-Executive - Independent DirectorMemberOther Committee09322218Hitesh R JoshiInvestment CommitteeExecutive DirectorMemberOther Committee10703999Radhika Seetharaman ChinnadaraduramInvestment CommitteeExecutive DirectorMemberOther Committee10337640Ramaswamy NarayananEthics CommitteeExecutive DirectorChairpersonOther Committee03609968Maruthi Prasad TangiralaEthics CommitteeNon-Executive - Nominee DirectorMemberOther Committee08411575Arumugam ManimekhalaiEthics CommitteeNon-Executive - Independent DirectorMemberOther Committee09322218Hitesh R JoshiEthics CommitteeExecutive DirectorMemberMs Radhika Seetharaman Chinnadaraduram (DIN- 10703999) is also a member of Ethics Committee Composition of Human Resource Committee 1. Ms Arumugam Manimekhalai (DIN- 08411575)- Chairperson 2. Shri Ramaswamy Narayanan (DIN- 10337640) - Member 3. Shri Sivakumar T (DIN- 09450908) - Member 4. Shri Hitesh R Joshi (DIN- 09322218) - Member 5. Ms Radhika Seetharaman Chinnadaraduram (DIN- 10703999)- Member 2024-07-15true8522024-08-0924true8732024-10-1667true8732024-11-1226true884Audit Committee2024-08-09true4330Audit Committee2024-10-1667true4330Audit Committee2024-11-1226true4440Risk Management Committee2024-08-08true4322Risk Management Committee2024-11-1295true6524Corporate Social Responsibility Committee2024-07-15true5320Corporate Social Responsibility Committee2024-08-0823true5430Corporate Social Responsibility Committee2024-11-1295true7630Nomination and remuneration committee2024-07-15true4220Nomination and remuneration committee2024-10-1692true4320Other Committee2024-08-08Investment Committeetrue4320Other Committee2024-11-1295Investment Committeetrue6520truetruetruetrueYestruetruetrue In reference to Point No. 1 of the Affirmations, we inform that the Corporation was in compliance upto 20-12-2024 and since the Corporation is a Government of India Company, the appointment of Director on the Board is done by President of India, the Corporation has been requesting the Ministry of Finance(Administrative Ministry) for appointment of Directors towards compliance of Regulation 17 of the SEBI(LODR) Regulations, 2015. Reference to Point No. 8 of the Affirmations, we would like to submit that the Corporate Governance Report pertaining to previous quarter has been placed before the Board at its meeting held on 12-11-2024. This report shall be placed before the Board at its next meeting. Suresh SavaliyaCompany Secretary and Compliance OfficerfalseSuresh SavaliyaCompany Secretary and Compliance OfficerMumbai2025-01-2904400CIT-1, Mumbai2012-10-23Appeal is filed by Income Tax Department and Case admitted at High Court at 23-10-2012Pending at High Court, MumbaiCIT-1, Mumbai2013-02-25Appeal is filed by Income Tax Department and Case admitted at High Court at 25-02-2013Pending at High Court, MumbaiCIT-1, Mumbai2013-03-05Appeal is filed by Income Tax Department and Case admitted at High Court at 05-03-2013Pending at High Court, MumbaiCIT-1, Mumbai2014-11-15Appeal is filed by Income Tax Department and Case admitted at High Court at 15-11-2014Pending at High Court, MumbaiCIT-1, Mumbai2017-02-28Appeal is filed by Income Tax Department and Case admitted at High Court at 28-02-2017Pending at High Court, MumbaiPCIT(3), Mumbai2022-03-07Income tax department has filed an appeal before Hon'ble Bombay High Court on 07-03-2022 and the same is pending for admission.Pending at High Court, MumbaiACIT CIT 3(1)(1), Mumbai2023-01-03Initial appeal was filed by GIC on 23-03-2019 at CIT(A) level and then Income tax department had filed appeal against CIT(A) order at ITAT level on 03-01-2023Pending at Income Tax Appellate Tribunal, MumbaiACIT CIT 3(1)(2), Mumbai2019-03-23Appeal is filed by the Corporation on 23-03-2019 against order under sec 143(3) r.w.s 147 dtd 23-02-2019Pending at CIT(A)-8 MumbaiACIT CIT 3(1)(1), Mumbai2022-01-25Initially appeal was filed by GIC at CIT(A) level on 14-06-2019 against order under section 143(3) r.w.s 144C(3) dated 30-05-2019 .Subsequently, Appeal was filed by Income Tax Department aginst CIT(A)order on 25-01-2022 and same is pending at ITAT level.Pending at Income Tax Appellate Tribunal, MumbaiIncome Tax Dept Circle 3(1)(2)2021-11-30Appeal is filed by the Corporation on 30-11-2021 against order under 143(3) r.w.s 144C(3) dated -26-11-2021Pending at CIT(A)-NFAC levelIncome Tax Dept Circle 3(1)(1)2023-12-05Appeal is filed by the Corporation on 05-12-2023 against order under 143(3) r.w.s 144C dated 29-11-2023Pending at CIT(A)-NFAC levelADIT-CPC2024-03-05Appeal is filed by the Corporation on 05-03-2024 against order 143(3) rws 144C dated 04-02-2024Pending at CIT(A)-NFAC levelCBIC - GST Dept2016-10-19Adjudicating Authority has confirmed the demand. GIC Re has filed the appeal before Honourable CESTAT Mumbai.Pending at CESTATCBIC - GST Dept2019-10-18Adjudicating Authority has confirmed the demand. GIC Re has filed the appeal before Honourable CESTAT Mumbai.Pending at CESTATCBIC - GST Dept2020-01-16Adjudicating Authority has confirmed the demand. GIC Re has filed the appeal before Honourable CESTAT Mumbai.Pending at CESTATCBIC - GST Dept2024-08-06GIC Re has filed response with the Deputy commissionerPending with the Deputy Commissioner