FORM NL-31: Related Party Transactions |
Insurer: |
General Insurance Corporation of India |
Sl.No. |
Name of the Related Party |
Nature of Relationship with the Company |
Description of Transactions / Categories |
Consideration paid / received* |
For the quarter 30.9.2010 |
Correspodning quarter of the preceeding year 30.9.2009 |
1 |
Kenindia Assuarnce Company |
Associate Company |
Net Premiun - Net commission - Net Claims |
-1488 |
5443 |
2 |
India International Pte LTD. |
Associate Company |
Net Premiun - Net commission - Net Claims |
104,440.00 |
68,129.00 |
3 |
LIC Mauritius Limited |
Associate Company |
Net Premiun - Net commission - Net Claims |
NIL |
NIL |
5 |
Agricultural Insurance Company of India Ltd |
Associate Company |
Net Premiun - Net commission - Net Claims |
421,691.00 |
259,693.00 |
6 |
East Africa Re |
Associate Company |
Net Premiun - Net commission - Net Claims |
1,601.00 |
587 |
|
|
|
|
|
|
(-) indicates amount payable by GIC |
*including the premium flow through Associates/ Group companies as an agent |