FORM NL-26 - CLAIMS INFORMATION - KG Table I
Insurer :
Solvency for the period ended 30th June 2010
Required solvency margin based on net premium and net incurred claims (Rs.in Lacs)
Item No. Description PREMIUM  CLAIM RSM-1 RSM-2 RSM
Gross  Premium Net  Premium Gross incurred claim Net incurred Claim
1 Fire 3330 28.36 2753 84.53 1761 98.83 1649 67.42 550 76.91 494 90.23 550 76.91
2 Marine Cargo 344 46.33 309 97.25 309 27.95 268 57.06 61 99.45 80 57.12 80 57.12
3 Marine Hull 578 76.14 510 70.94 914 39.69 366 76.69 102 14.19 110 03.01 110 03.01
4 Motor 2031 61.15 2031 60.77 1906 80.92 1906 80.92 406 32.15 572 04.28 572 04.28
5 Engineering 760 75.37 643 14.47 365 83.20 302 31.17 128 62.89 90 69.35 128 62.89
6 Aviation 635 58.94 506 37.55 655 64.20 468 80.11 101 27.51 140 64.03 140 64.03
7 Liabilities                                                                                                                              
8 Others 2416 10.87 2340 25.97 1716 63.69 1715 04.91 468 05.19 514 51.47 514 51.47
9 Health                                                                                                               
10 Life 13 25.46 13 25.46 4 17.60 4 17.60 2 65.09 1 25.28 2 65.09
  Total 10110 82.62 9109 16.94 7634 76.07 6682 15.88 1821 83.39 2004 64.76 2099 84.80
  RSM1 premium has been calculated based on 12 month figure i.e. from 01.07.09 to 30.06.10 on rolling basis complying with circular no. IRDA/F&I/CIR/F&A/076/05/2010 dated 10.05.2010.
  RSM2 Gross Incurred Claim and Net Incurred Claim has been calculated complying with circular no. 045/IRDA/F&A/Mar-06 dated 31.03.2006 and the same for the period 01.04.10 to 30.06.10 has been multiplied by 4 for arriving at annual figure.
Solvency for the period ended 30th June 2009
Required solvency margin based on net premium and net incurred claims (Rs.in Lacs)
Item No. Description PREMIUM  CLAIM RSM-1 RSM-2 RSM*
Gross  Premium Net  Premium Gross incurred claim Net incurred Claim
1 Fire 818 31.80 718 12.93 137 06.63 110 16.48 143 62.59 33 04.95 143 62.59
2 Marine Cargo 95 04.22 87 19.58 93 09.71 54 34.58 17 43.92 16 30.37 17 43.92
3 Marine Hull 84 69.92 78 73.16 86 01.15 118 35.06 15 74.63 35 50.52 35 50.52
4 Motor 435 51.13 435 51.13 527 88.06 530 17.10 87 10.23 159 05.13 159 05.13
5 Engineering 162 31.64 133 37.58 68 69.86 69 71.41 26 67.52 20 91.42 26 67.52
6 Aviation 131 62.58 112 74.96 10 09.63 14 06.87 22 54.99 4 22.06 22 54.99
7 Liabilities                  -                    -                    -                    -                    -                    -                    -  
8 Others 481 92.63 3 40.04 1 14.26 1 14.26  68.01  34.28  68.01
9 Health                   -                    -                    -                    -                    -                    -                    -  
10 Life 3 40.04 455 08.16 377 93.09 378 07.14 91 01.63 113 42.14 113 42.14
  Total 2212 83.96 2024 17.55 1301 92.39 1276 02.91 404 83.51 382 80.87 2075 79.24
  Gross Incurred Claim and Net Incurred Claim was calculated quarterly 01.04.09 to 30.06.09 and total RSM has been multiplied by 4 for arriving at annual figure.
   
Note:
1) Claim and Premium is not provided separately for Liabilities and Health Insurance as it is considered as part of Others under Miscellaneous.
2) Claim and Premium for Life Insurance has been separately disclosed under item 10.