Get Form L-3-a-bs

Filling out the FORM L-3-A-BS online can be a straightforward process if you understand each section of the form. This guide aims to provide you with clear and supportive instructions to ensure your completion of the form accurately and efficiently.

Follow the steps to successfully fill out the FORM L-3-A-BS online.

1. Click the ‘Get Form’ button to obtain the form and open it in your preferred editor.
2. Begin by entering the insurance company name, which in this case is TATA AIA LIFE INSURANCE COMPANY LIMITED. Make sure to also fill in the registration number and the date of registration with IRDA.
3. Proceed to the 'sources of funds' section. Here, you will need to provide details about the shareholders' funds, including share capital, reserves and surplus, and the credit/debit fair value change account. Ensure that the sub-total is calculated correctly.
4. In the following fields, report details of borrowings and any applicable policy liabilities. This includes completing sections on insurance reserves, provisions for lapsed liabilities, and discontinued policies.
5. Transfer to the ‘application of funds’ section. Carefully list all investment details, ensuring values under the headings for shareholders and policyholders are accurate. Pay attention to the listed assets and ensure each breakdown aligns with the correct categories.
6. Address the 'contingent liabilities' section. Provide detailed descriptions for all liabilities that may affect the company's financial status. This includes details on claims not acknowledged, underwriting commitments, and guarantees.
7. Once all sections are completed, review the entire form to ensure accuracy. You may save changes and download a copy for your records or print it directly. If needed, you can share the form as required.

Take the next step towards effective document management by completing your FORM L-3-A-BS online today.