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Balance Sheet as at 31 March 2020

Particulars

Schedule

Current Year

Previous Year

(` '000)

(` '000)

SOURCES OF FUNDS

Share Capital

8,772,000

8,772,000

Reserves and Surplus

210,457,631

224,838,561

Borrowings

Deferred Tax Liability

Fair Value Change Account

Shareholders Fund

32,756,864

84,079,838

Policyholders Fund

116,207,292

220,226,487

Total

368,193,787

537,916,886

APPLICATION OF FUNDS

Investments- Shareholders

157,037,787

225,377,444

Investments- Policyholders

528,220,442

570,751,970

Loans

23,47,397

25,79,189

Fixed Asssets

18,08,060

19,66,904

Deferred Tax Asset

207,856

25,562

Current Assets:

Cash and Bank Balances

158,537,841

128,479,085

Advances and Other Assets

313,802,615

259,655,507

Sub-Total (A)

472,340,456

388,134,592

Current Liabilities

619,127,147

508,023,836

Provisions

174,641,064

142,894,939

Sub-Total (B)

793,768,211

650,918,775

Net Current Assets (C)=(A-B)

(321,427,755)

(262,784,183)

CONTINGENT LIABILITIES

Miscellaneous Expenditure

Total

368,193,787

537916886

147,090,705

57,307,059

Outstanding Dues to Creditors

Appointment of Chief Medical Referee (CMR)

Appointment of Actuarial Apprentices – Nov 2025

Appointment of Actuarial Apprentices – Nov 2025 (File Size - 277 KB)

Appointment of Chief Information Security Officer (CISO) - NOV 2025

Appointment of CISO - NOV 2025 (File Size - 361 KB)

Appointment of Company Secretary (CS)

Recruitment Examination FY 2024-25 (Date of Exam: 5th January 2025)

Recruitment Examination FY 2023-24 (Date of Exam: 9th March 2024)

Recruitment Exam 2021-22 (Date of Exam: 29th August 2021)

Recruitment Exam 2019-20 (Date of Exam: 5th October 2019)

GENERAL INSURANCE CORPORATION OF INDIA
Registration No. 112
Date of Registration with IRDAI : 2nd April 2001
CONSOLIDATED REVENUE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2017
IN RESPECT OF FIRE INSURANCE BUSINESS
	Particulars	Schedule	Current Year	Previous Year
			(` '000)	(` '000)
1.	Premiums earned (Net)	1	56,635,928	46,235,952
2.	Profit on sale of Investments (Net)		3,883,973	3,440,837
3.	Forex Gain/( Loss)		(140,154)	493,701
4.	Interest, Dividend & Rent - Gross		6,431,184	5,692,524
	Total (A)		66,810,931	55,863,014
1.	Claims Incurred (Net)	2	42,505,597	35,070,446
2.	Commission (Net)	3	16,708,297	12,555,948
3.	Operating Expenses related to Insurance Business	4	710,173	738,349
4.	Expenses relating to Investments		10,106	7,577
5.	Premium Deficiency		-	-
	Total (B)		59,934,173	48,372,320
	Operating Profit /- Loss from Fire Business C = (A-B)		6,876,758	7,490,694
	APPROPRIATIONS
	Transfer to Shareholders’ Account		6,876,758	7,490,694
	Transfer to Catastrophe Reserve		-	-
	Transfer to Other Reserves (to be specified)		-	-
	Total (C)		6,876,758	7,490,694
As required by Section 40C (2) of the Insurance Act, 1938, we certify that, all expenses of management, wherever incurred, whether directly or indirectly, in respect of Fire Insurance Business have been fully debited in the Fire Insurance Revenue Accounts as expenses.

IN RESPECT OF MISCELLANEOUS INSURANCE BUSINESS
	Particulars	Schedule	Current Year	Previous Year
			(` '000)	(` '000)
1.	Premiums earned (Net)	1	198,118,924	94,913,993
2.	Profit on sale of Investments (Net)		6,655,641	6,092,645
3.	Forex Gain/( Loss)		(186,102)	918,694
4.	Interest, Dividend & Rent - Gross		11,012,297	10,079,196
	Total (A)		215,600,760	112,004,528
1.	Claims Incurred (Net)	2	161,679,858	86,508,174
2.	Commission (Net)	3	35,828,252	20,622,450
3.	Operating Expenses related to Insurance Business	4	1,715,680	1,059,898
4.	Expenses relating to Investments		15,976	13,355
5.	Premium Deficiency		-	-
	Total (B)		199,239,766	108,203,877
	Operating Profit/-Loss from Miscellaneous Business C = (A-B)		16,360,994	3,800,651
	APPROPRIATIONS
	Transfer to Shareholders’ Account		16,360,994	3,800,651
	Transfer to Catastrophe Reserve		-	-
	Transfer to Other Reserves (to be specified)		-	-
	Total (C)		16,360,994	3,800,651
As required by Section 40C (2) of the Insurance Act, 1938, we certify that, all expenses of management, wherever incurred, whether directly or indirectly, in respect of Miscellaneous Insurance Business have been fully debited in the Miscellaneous Insurance Revenue Accounts as expenses.

IN RESPECT OF MARINE INSURANCE BUSINESS
	Particulars	Schedule	Current Year	Previous Year
			(` '000)	(` '000)
1.	Premiums earned (Net)	1	10,613,366	9,443,297
2.	Profit on sale of Investments (Net)		942,665	989,040
3.	Forex Gain/( Loss)		(28,535)	152,359
4.	Interest, Dividend & Rent - Gross		1,559,650	1,636,084
	Total (A)		13,087,146	12,220,780
1.	Claims Incurred (Net)	2	7,560,956	6,330,217
2.	Commission (Net)	3	1,601,637	1,811,133
3.	Operating Expenses related to Insurance Business	4	67,904	79,411
4.	Expenses relating to Investments		2,252	2,154
5.	Premium Deficiency		-	(584,596)
	Total (B)		9,232,749	7,638,319
	Operating Profit/-Loss from Marine Business C = (A-B)		3,854,397	4,582,461
	APPROPRIATIONS
	Transfer to Shareholders’ Account		3,854,397	4,582,461
	Transfer to Catastrophe Reserve		-	-
	Transfer to Other Reserves (to be specified)		-	-
	Total (C)		3,854,397	4,582,461
As required by Section 40C (2) of the Insurance Act, 1938, we certify that, all expenses of management, wherever incurred, whether directly or indirectly, in respect of Marine Insurance Business have been fully debited in the Marine Insurance Revenue Accounts as expenses.

IN RESPECT OF LIFE INSURANCE BUSINESS
	Particulars	Schedule	Current Year	Previous Year
			(` '000)	(` '000)
1.	Premiums earned (Net)	1	2,391,444	2,411,272
2.	Profit on sale of Investments (Net)		38,434	47,906
3.	Forex Gain/( Loss)		(19,042)	11,253
4.	Interest, Dividend & Rent - Gross		70,600	83,712
	Total (A)		2,481,436	2,554,143
1.	Claims Incurred (Net)	2	3,490,565	1,750,283
2.	Commission (Net)	3	59,354	74,359
3.	Operating Expenses related to Insurance Business	4	25,000	26,025
4.	Expenses relating to Investments		1,227	674
5.	Premium Deficiency		-	-
	Total (B)		3,576,146	1,851,341
	Operating Profit/-Loss from Life Business C = (A-B)		(1,094,710)	702,802
	APPROPRIATIONS
	Transfer to Shareholders’ Account		(1,094,710)	702,802
	Transfer to Catastrophe Reserve		-	-
	Transfer to Other Reserves (to be specified)		-	-
	Total (C)		(1,094,710)	702,802
As required by Section 40C (2) of the Insurance Act, 1938, we certify that, all expenses of management, wherever incurred, whether directly or indirectly, in respect of Life Insurance Business have been fully debited in the Life Insurance Revenue Accounts as expenses.