| FORM NL-1-B-RA | |||||||
|---|---|---|---|---|---|---|---|
| Registration No. 112 | |||||||
| Date of Registration with IRDA : 2nd April, 2001 | |||||||
| REVENUE ACCOUNT FOR THE YEARs ENDED 31ST MARCH, 2005 to 31ST MARCH, 2010 | |||||||
| Particulars | Schedule | 31st March 2010 | 31st March 2009 | 31st March 2008 | 31st March 2007 | 31st March 2006 | 31st March 2005 |
| - | - | (Rs. '000) | (Rs. '000) | (Rs. '000) | (Rs. '000) | (Rs. '000) | (Rs. '000) |
| FIRE INSURANCE BUSINESS | |||||||
| Premiums earned (Net) | NL-4-Premium Schedule | 23610 852 | 19125 008 | 17536 943 | 14541 198 | 12734 402 | 13409 859 |
| Profit on sale of Investments (Net) | - | 1327 238 | 744 230 | 1230 645 | 1073 654 | 1027 859 | 598 862 |
| Profit/-Loss on Exchange Fluctuation | - | -72 787 | 98 987 | 216 867 | 164 574 | -3 786 | 41 918 |
| Interest, Dividend & Rent - Gross | - | 2197 320 | 1922 177 | 1472 371 | 1352 828 | 1224 715 | 1204 394 |
| Total (A) | - | 27062 623 | 21890 402 | 20456 826 | 17132 254 | 14983 190 | 15255 033 |
| Claims Incurred (Net) | NL-5-Claims Schedule | 16363 786 | 16685 300 | 16441 141 | 10517 105 | 9276 670 | 8127 015 |
| Commission (Net) | NL-6-Commission Schedule | 7169 849 | 5409 070 | 6172 336 | 5868 101 | 4150 467 | 4586 279 |
| Operating Expenses related to Insurance Business | NL-7-Operating Expenses Schedule | 245 689 | 178 597 | 141 218 | 138 044 | 148 884 | 124 917 |
| Expenses relating to Investments | - | 6 231 | 4 593 | 5 190 | 4 299 | 3 240 | 2 410 |
| Total (B) | - | 23785 555 | 22277 560 | 22759 885 | 16527 549 | 13579 261 | 12840 621 |
| - | - | - | - | - | - | ||
| Operating Profit /- Loss from Fire Business C = (A-B) | - | 3277 068 | -387 158 | -2303 059 | 604 705 | 1403 929 | 2414 412 |
| - | - | - | - | - | - | - | |
| APPROPRIATIONS | - | - | - | - | - | - | |
| Transfer to Shareholders' Account | - | 3277 068 | -387 158 | -2303 059 | 604 705 | 1403 929 | 2414 412 |
| - | |||||||
| Total (C) | - | 3277 068 | -387 158 | -2303 059 | 604 705 | 1403 929 | 2414 412 |
| 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. | - | - | - | ||||
| MISCELLANEOUS INSURANCE BUSINESS | |||||||
| Premiums earned (Net) | NL-4-Premium Schedule | 49829 019 | 52133 030 | 50641 445 | 35270 547 | 28492 485 | 27358 267 |
| Profit on sale of Investments (Net) | - | 2892 107 | 2076 307 | 4125 052 | 3976 501 | 3525 572 | 1990 755 |
| Profit/-Loss on Exchange Fluctuation | - | -3 659 | 15 985 | -153 863 | -119 856 | 8 198 | -2 087 |
| Interest, Dividend & Rent - Gross | - | 4788 054 | 5362 631 | 4935 304 | 5010 479 | 4200 791 | 4003 684 |
| Total (A) | - | 57505 521 | 59587 953 | 59547 938 | 44137 671 | 36227 046 | 33350 619 |
| Claims Incurred (Net) | NL-5-Claims Schedule | 47482 341 | 38559 647 | 38268 917 | 22253 159 | 33261 529 | 25860 717 |
| Commission (Net) | NL-6-Commission Schedule | 10434 491 | 10395 450 | 13118 038 | 9831 660 | 6137 926 | 6670 158 |
| Operating Expenses related to Insurance Business | NL-7-Operating Expenses Schedule | 399 669 | 383 258 | 367 342 | 296 432 | 263 484 | 244 746 |
| Expenses relating to Investments | - | 13 577 | 12 813 | 17 396 | 15 923 | 11 115 | 8 012 |
| Total (B) | - | 58330 078 | 49351 168 | 51771 693 | 32397 174 | 39674 054 | 32783 633 |
| - | |||||||
| Operating Profit/-Loss from Miscellaneous Business C = (A-B) | - | -824 557 | 10236 785 | 7776 245 | 11740 497 | -3447 008 | 566 986 |
| - | - | - | - | - | - | ||
| APPROPRIATIONS | - | - | - | - | - | - | |
| Transfer to Shareholders' Account | - | -824 557 | 10236 785 | 7776 245 | 11740 497 | -3447 008 | 566 986 |
| - | |||||||
| Total (C) | - | -824 557 | 10236 785 | 7776 245 | 11740 497 | -3447 008 | 566 986 |
| 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. | |||||||
| MARINE INSURANCE BUSINESS | |||||||
| Premiums earned (Net) | NL-4-Premium Schedule | 7195 663 | 6658 277 | 4016 150 | 2811 167 | 3348 415 | 2961 676 |
| Profit on sale of Investments (Net) | - | 655 269 | 355 143 | 515 514 | 401 611 | 453 256 | 238 619 |
| Profit/-Loss on Exchange Fluctuation | - | 70 233 | -26 622 | -68 627 | -54 559 | 2 966 | -1 888 |
| Interest, Dividend & Rent - Gross | - | 1084 837 | 917 255 | 616 772 | 506 039 | 540 064 | 479 897 |
| Total (A) | - | 9006 002 | 7904 053 | 5079 809 | 3664 258 | 4344 701 | 3678 304 |
| Claims Incurred (Net) | NL-5-Claims Schedule | 4649 489 | 6887 136 | 5387 160 | 3449 729 | 3187 719 | 3015 852 |
| Commission (Net) | NL-6-Commission Schedule | 1676 874 | 1673 710 | 1574 816 | 1001 389 | 738 707 | 818 419 |
| Operating Expenses related to Insurance Business | NL-7-Operating Expenses Schedule | 45 375 | 48 767 | 35 338 | 24 733 | 22 851 | 23 414 |
| Expenses relating to Investments | - | 3 076 | 2 191 | 2 174 | 1 608 | 1 429 | 960 |
| Total (B) | - | 6374 814 | 8611 804 | 6999 488 | 4477 459 | 3950 706 | 3858 645 |
| - | - | - | - | - | - | - | |
| Operating Profit/-Loss from Marine Business C = (A-B) | - | 2631 188 | -707 751 | -1919 679 | -813 201 | 393 995 | -180 341 |
| - | - | - | - | - | - | - | |
| APPROPRIATIONS | - | ||||||
| Transfer to Shareholders' Account | - | 2631 188 | -707 751 | -1919 679 | -813 201 | 393 995 | -180 341 |
| - | - | - | - | - | - | ||
| Total (C) | - | 2631 188 | -707 751 | -1919 679 | -813 201 | 393 995 | -180 341 |
| - | |||||||
| 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 | |||||||
| directly or indirectly, in respect of Life Insurance Business have been fully debited in the Life Insurance Revenue Accounts as expenses. | |||||||
| LIFE INSURANCE BUSINESS | |||||||
| Premiums earned (Net) | NL-4-Premium Schedule | 128 800 | 145 363 | 95 015 | 15 064 | 13 068 | 6 989 |
| Profit on sale of Investments (Net) | - | 4 577 | 2 933 | 874 | 548 | 0 | 0 |
| Profit/-Loss on Exchange Fluctuation | - | -1 978 | -8 922 | -1 544 | - 3 | - 12 | - 10 |
| Interest, Dividend & Rent - Gross | - | 7 577 | 7 575 | 1 046 | 691 | 562 | 267 |
| Total (A) | - | 138 976 | 146 949 | 95 391 | 16 300 | 13 618 | 7 246 |
| Claims Incurred (Net) | NL-5-Claims Schedule | 68 261 | 39 286 | 17 732 | 7 117 | 4 794 | 24 443 |
| Commission (Net) | NL-6-Commission Schedule | 21 249 | 13 521 | 31 270 | 40 | 2 181 | 0 |
| Operating Expenses related to Insurance Business | NL-7-Operating Expenses Schedule | 946 | 915 | 1 036 | 105 | 2 319 | 1 557 |
| Expenses relating to Investments | - | 21 | 18 | 4 | 2 | 0 | 0 |
| Total (B) | - | 90477 | 53 740 | 50 042 | 7 264 | 9 294 | 26 000 |
| - | - | ||||||
| Operating Profit/-Loss from Life Business C = (A-B) | - | 48499 | 93 209 | 45 349 | 9 036 | 4 324 | -18 754 |
| - | - | - | - | - | - | - | - |
| APPROPRIATIONS | - | - | - | - | - | - | - |
| Transfer to Shareholders' Account | - | 48499 | 93 209 | 45 349 | 9 036 | 4 324 | -18 754 |
| Total (C) | - | 48499 | 93 209 | 45 349 | 9 036 | 4 324 | -18 754 |
| As required by Section 40C (2) of the Insurance Act, 1938, we certify that, all expenses of management, wherever incurred, whether | |||||||