CORPORATE SOCIAL RESPONSIBILITY (CSR) POLICY

1. PREAMBLE:

Corporate Social Responsibility (CSR) is the responsibility of the corporate entity towards the
society in consideration of the support given and sacrifices made by the society by sharing part of its
profit.

Policybazaar Insurance Brokers Private Limited (hereinafter called as “the Company”

“Policybazaar”), is a leading insurtech company. It provides a consumer-centric platform that
enables customers to seek online research-based purchases of insurance products and increase
transparency. Policybazaar believes in applying its skills and resources where it can make the
greatest impact on the society. It also believes that in alignment with its vision, it will continue to
enhance value through its CSR initiatives and promote social sustainability, sustainable development
of the environment and social welfare of the people and society at large, more specifically for the
deprived and underprivileged persons.

The policy for Corporate Social Responsibility is designed and governed with a clear focus on
promoting education in India, including giving special attention towards education and employment
enhancing vocation skills especially among children, women, elderly, and the differently abled,
healthcare, protection of natural resources, etc.

2. OBJECTIVE

The main objective of CSR Policy is to lay down guidelines for the company to make CSR a key
business process for sustainable development of the society. It aims at enhancing welfare measures
of the society based on the immediate and long term social & environmental consequences of its
activities.

3. OUR APPROACH TO IMPLEMENTATION

 The investment in CSR will be project based and time framed periodic milestones for every
project will be finalized at the outset.

 Project activities identified under CSR shall be implemented by the Company, incorporated
Trust, Section 8 companies under Companies Act, 2013 or other recognized Association of
Persons including NGO’s. Such agencies could be work singly or in tandem with other
agencies.

4. FUNDING & ALLOCATION:

The Corpus for the purpose of carrying on the aforesaid activities shall include the following:
 2% of the average Net Profits of the Company during immediately preceding three financial
years.
 Surplus arising out of CSR activities carried out by the Company and such surplus will not be
part of business profit of the Company
5. AREAS OF FOCUS:

The Policy recognises that Corporate Social Responsibility is not merely compliance; it is a
commitment to support initiatives that measurably improve the lives of underprivileged by one or
more of the following focus areas as notified under Section 135 read with Schedule VII of the
Companies Act 2013 and the Companies (Corporate Social Responsibility Policy) Rules 2014:

1. Eradicating hunger, poverty, and malnutrition, promoting preventive health care and
sanitation, including contribution to the Swach Bharat Kosh set up by the Central
Governmentfor the promotion of sanitation and making available safe drinking water;
2. Promoting education, including special education and employment enhancing vocation skills
especially among children, women, elderly, and the differently abled and livelihood
enhancement projects;
3. Promoting gender equality, empowering women, setting up homes and hostels for women
and orphans; setting up old age homes, day care centers and such other facilities for senior
citizensand measures for reducing inequalities faced by socially and economically backward
groups;
4. Ensuring environmental sustainability, ecological balance, protection of flora and fauna,
animal welfare, agroforestry, conservation of natural resources and maintaining quality of
soil, air, and water, including contribution to the Clean Ganga Fund set up by the Central
Government for rejuvenation of the river Ganga;
5. Protection of national heritage, art, and culture including restoration of buildings and sites of
historical importance and works of art; setting up public libraries; promotion and
developmentof traditional arts and handicrafts:
6. Measures for the benefit of armed forces veterans, war widows, and their dependents,
Central Armed Police Forces and Central Para Military Forces veterans, and their
dependents, including widows;
7. Training to promote rural sports, nationally recognized sports, Paralympic sports and
Olympicsports;
8. Contribution to the Prime Minister’s National Relief Fund or PM CARES Fund or any other
fund set up by the Central Government for socio-economic development and relief and
welfare of the Scheduled Caste, the Scheduled Tribes, other backward classes, minorities,
andwomen;
9. Contributions or funds provided to technology incubators located within academic
institutions which are approved by the Central Government or State Government or Public
SectorUndertaking or any agency of the Central Government or State Government.
10. Contributions to public funded Universities; Indian Institute of Technology (IITs); National
Laboratories and autonomous bodies established under Department of Atomic Energy
(DAE); Department of Biotechnology (DBT); Department of Science and Technology
(DST); Department of Pharmaceuticals; Ministry of Ayurveda, Yoga and Naturopathy,
Unani, Siddha and Homoeopathy (AYUSH); Ministry of Electronics and Information
Technology and other bodies, namely Defense Research and Development Organisation
(DRDO); Indian Council of Agricultural Research (ICAR); Indian Council of Medical
Research (ICMR) and Council of Scientific and Industrial Research (CSIR), engaged in
conducting research in science, technology, engineering and medicine aimed at promoting
Sustainable Development Goals (SDGs).
 11. Rural development projects.
12. Slum area development.
13. Disaster management, including relief, rehabilitation and reconstruction activities.
14. Any other Projects/activities the Government may add from time to time to the Schedule VII of
the Companies Act, 2013 or allow through clarifications/ Circulars.
15. Any ancillary or incidental activities required to be performed to undertake any of the projects
mentioned above subject to the prior approval of the CSR Committee.

The above list of activities is illustrative and not exhaustive. The CSR Committee may consider CSR
activities not falling in the above list subject to the condition that such activities related to the
subjects enumerated in Schedule VII of the Act.

CSR activities shall be undertaken as projects, programs or activities (either new or ongoing)
excluding activities undertaken in pursuance of the normal course of business of the Company.

6. MONITORING

a. Governance Structure
In compliance with the requirement of Section 135 of the Companies Act 2013, the Company
has constituted a robust and transparent governance structure to oversee the implementation of
its CSR Policy.
b. Board level CSR Committee
At Policybazaar, the CSR governance structure will be headed by its Board level CSR
Committee which will be ultimately responsible for the CSR projects undertaken. The
committee will report to the Board of Directors of Policybazaar. The Board of Directors may
nominate/substitute any of its members to the committee.

7. ROLE OF THE CSR COMMITTEE

a) To formulate and recommend to the Board of Directors, the CSR Policy which shall indicate
the activities to be undertaken by the Company as specified in Schedule VII of the Act and
the applicable Rules;
b) To recommend CSR activities to be undertaken by the Company
c) To recommend the amount of expenditure to be incurred on the CSR activities;
d) To monitor the Corporate Social Responsibility Policy of the company from time to time.

8. REVIEW MECHANISM AND CUSTODY

In accordance with Schedule VII of the Act and the Rules, Policybazaar will undertake CSR activities
included in its plan for that year, as recommended by the CSR Committee at the beginning of each year.
The Committee is authorized to approve any modification to the existing CSR plan or to propose any
new program during the financial year under review. The CSR Committee shall institute a transparent
monitoring and review mechanism for implementation of the CSR projects or programs or activities
undertaken pursuant to this policy. The review may range from local and regional level MIS and
exception reporting to senior level review on a periodical basis, designing the action plans and
monitoring their achievements and reporting back to the CSR Committee and finally to the Board. The
activity planned for the year will be reviewed once in each financial year by the CSR committee, which
in turn may present the annual agenda to the Board of Directors, for adoption and approval for each
financial year. The CSR Committee may require Project Appraisal of its CSR activities/ project to be
carried out by External Agencies/ Third parties Agency, if required.

This policy shall be kept in the custody of Company Secretary of the Company.
The Company will report, the details of CSR initiatives and activities of the Company in the Directors’
Report and on the website of the Company ([Link]) as required under the Regulations.

9. UPKEEP AND MAINTENANCE OF ASSETS CREATED

Maintenance of assets created under CSR would be responsibility of the concerned Section 8
Company/ Trust/ Society/ NGO’s/ other recognized Association of Persons etc. implementing the CSR
activities.

[Link]

All CSR activities and expenses made thereon will be subject to audit by the Company’s auditors.

The Company will undertake Social Audit of Projects implemented under its CSR programme through
an independent agency after 1-2 years of completion of the project so as to assess the effect of CSR
intervention.

[Link] TO THE POLICY

The Board of Directors on its own and/or as per the recommendations of CSR Committee can amend
this Policy, as and when required as deemed fit. Any or all provisions of the CSR Policy would be
subject to revision/amendment in accordance with the Act on the subject as may be issued from relevant
statutory authorities, from time to time.