| FORM NL-4-PREMIUM SCHEDULE | |||||
| Name of the Insurer: GENERAL INSURANCE CORPORATION OF INDIA | |||||
| PREMIUM EARNED [NET] | |||||
| FOR THE FOR THE HALF YEAR ENDED 30.09.2010 | |||||
| Particulars | UP TO THE QUARTER | FOR THE HALF YEAR ENDED 30.09.2010 | UP TO THE QUARTER OF THE PRECEDING YEAR | FOR THE PREVIOUS HALF YEAR ENDED 30.09.2009 | |
| (` '000) | (` '000) | (` '000) | (` '000) | ||
| A | FIRE INSURANCE | ||||
| Premium from direct business written | 0 | 0 | 0 | 0 | |
| Add: Premium on reinsurance accepted | 8352 400 | 17643 054 | 7897 078 | 16080 258 | |
| Less : Premium on reinsurance ceded | 1408 269 | 2945 662 | 1233 569 | 2235 456 | |
| Net Premium | 6944 131 | 14697 392 | 6663 509 | 13844 802 | |
| Adjustment for change in reserve for unexpired risks | -206 122 | -449 745 | 296 312 | -1603 076 | |
| Premium Earned (Net) | 6738 009 | 14247 647 | 6959 821 | 12241 726 | |
| B | MISCELLANEOUS INSURANCE | ||||
| (1) | MOTOR | ||||
| Premium from direct business written | 0 | 0 | 0 | 0 | |
| Add: Premium on reinsurance accepted | 5670 775 | 10574 249 | 4395 764 | 8750 877 | |
| Less : Premium on reinsurance ceded | 0 | 0 | 0 | 0 | |
| Net Premium | 5670 775 | 10574 249 | 4395 764 | 8750 877 | |
| Adjustment for change in reserve for unexpired risks | -529 796 | -937 272 | 723 131 | 287 203 | |
| Premium Earned (Net) | 5140 979 | 9636 977 | 5118 895 | 9038 080 | |
| (2) | AVIATION | ||||
| Premium from direct business written | 0 | 2552 | 0 | 2552 | |
| Add: Premium on reinsurance accepted | 2282711 | 3754551 | 1660830 | 2974537 | |
| Less : Premium on reinsurance ceded | 542 189 | 491 173 | 617 044 | 805 806 | |
| Net Premium | 1740 522 | 3265 930 | 1043 786 | 2171 283 | |
| Adjustment for change in reserve for unexpired risks | -253 677 | -341 168 | 306 720 | 283 128 | |
| Premium Earned (Net) | 1486 845 | 2924 762 | 1350 506 | 2454 411 | |
| (3) | ENGINEERING | ||||
| Premium from direct business written | 0 | 0 | 0 | 0 | |
| Add: Premium on reinsurance accepted | 1638 684 | 3367 001 | 1659 255 | 3282 419 | |
| Less : Premium on reinsurance ceded | 54 775 | 266 104 | 250 694 | 540 100 | |
| Net Premium | 1583 909 | 3100 897 | 1408 561 | 2742 319 | |
| Adjustment for change in reserve for unexpired risks | -140 292 | -234 992 | 62 042 | -26 535 | |
| Premium Earned (Net) | 1443 617 | 2865 905 | 1470 603 | 2715 784 | |
| (4) | W.C. | ||||
| Premium from direct business written | 0 | 0 | 0 | 0 | |
| Add: Premium on reinsurance accepted | 78 383 | 112 772 | 70 148 | 112 975 | |
| Less : Premium on reinsurance ceded | 0 | 0 | 0 | 0 | |
| Net Premium | 78 383 | 112 772 | 70 148 | 112 975 | |
| Adjustment for change in reserve for unexpired risks | -4 213 | - 26 | 28 652 | 38 543 | |
| Premium Earned (Net) | 74 170 | 112 746 | 98 800 | 151 518 | |
| (5) | Liability | ||||
| Premium from direct business written | 0 | 0 | 0 | 0 | |
| Add: Premium on reinsurance accepted | 673 118 | 1038 744 | 245 284 | 661 187 | |
| Less : Premium on reinsurance ceded | 0 | 69 881 | 0 | 43 076 | |
| Net Premium | 673 118 | 968 863 | 245 284 | 618 111 | |
| Adjustment for change in reserve for unexpired risks | -213 832 | -175 050 | -21 639 | -125 437 | |
| Premium Earned (Net) | 459 286 | 793 813 | 223 645 | 492 674 | |
| (6) | PA | ||||
| Premium from direct business written | 0 | 0 | 0 | 0 | |
| Add: Premium on reinsurance accepted | 1221 386 | 1615 314 | 325 784 | 557 136 | |
| Less : Premium on reinsurance ceded | 2 666 | 2 666 | 728 | 4 076 | |
| Net Premium | 1218 720 | 1612 648 | 325 056 | 553 060 | |
| Adjustment for change in reserve for unexpired risks | -446 809 | -529 795 | 67 043 | 92 551 | |
| Premium Earned (Net) | 771 911 | 1082 853 | 392 099 | 645 611 | |
| (7) | Health | ||||
| Premium from direct business written | 0 | 0 | 0 | 0 | |
| Add: Premium on reinsurance accepted | 4166 791 | 7147 657 | 2780 636 | 4847 459 | |
| Less : Premium on reinsurance ceded | 0 | 0 | 0 | 0 | |
| Net Premium | 4166 791 | 7147 657 | 2780 636 | 4847 459 | |
| Adjustment for change in reserve for unexpired risks | -711 761 | -1180 657 | -439 756 | -614 691 | |
| Premium Earned (Net) | 3455 030 | 5967 000 | 2340 880 | 4232 768 | |
| (8) | Oth. Misc. | ||||
| Premium from direct business written | 0 | 0 | 0 | 0 | |
| Add: Premium on reinsurance accepted | 3188 807 | 5204 614 | 2246 348 | 4235 548 | |
| Less : Premium on reinsurance ceded | 852 | 236 455 | 54 336 | 276 359 | |
| Net Premium | 3187 955 | 4968 159 | 2192 012 | 3959 189 | |
| Adjustment for change in reserve for unexpired risks | -498 495 | -508 108 | -1106 319 | -1131 358 | |
| Premium Earned (Net) | 2689 460 | 4460 051 | 1085 693 | 2827 831 | |
| (9) | FL/Credit | ||||
| Premium from direct business written | 0 | 0 | 0 | 0 | |
| Add: Premium on reinsurance accepted | 499 222 | 619 361 | 830 694 | 903 852 | |
| Less : Premium on reinsurance ceded | 0 | 0 | 0 | 0 | |
| Net Premium | 499 222 | 619 361 | 830 694 | 903 852 | |
| Adjustment for change in reserve for unexpired risks | 165 736 | 142 246 | -270 836 | -155 016 | |
| Premium Earned (Net) | 664 958 | 761 607 | 559 858 | 748 836 | |
| TOTAL MISCELLANEOUS | |||||
| Premium from direct business written | 0 | 2 552 | 2 551 | 2 551 | |
| Add: Premium on reinsurance accepted | 19419 877 | 33434 263 | 14214 745 | 26325 992 | |
| Less : Premium on reinsurance ceded | 600 482 | 1066 279 | 922 801 | 1669 416 | |
| Net Premium | 18819 395 | 32370 536 | 13294 495 | 24659 127 | |
| Adjustment for change in reserve for unexpired risks | -2633 139 | -3764 822 | -650 963 | -1351 613 | |
| Premium Earned (Net) | 16186 256 | 28605 714 | 12643 532 | 23307 514 | |
| C | MARINE INSURANCE | ||||
| (1) | MARINE CARGO | ||||
| Premium from direct business written | 0 | 0 | 0 | 0 | |
| Add: Premium on reinsurance accepted | 1033 416 | 1979 439 | 828 581 | 1779 003 | |
| Less : Premium on reinsurance ceded | 64 480 | 151 773 | 62 278 | 140 743 | |
| Net Premium | 968 936 | 1827 666 | 766 303 | 1638 260 | |
| Adjustment for change in reserve for unexpired risks | -193 817 | -210 601 | 292 357 | 193 424 | |
| Premium Earned (Net) | 775 119 | 1617 065 | 1058 660 | 1831 684 | |
| (2) | MARINE HULL | ||||
| Premium from direct business written | 0 | 0 | 0 | 0 | |
| Add: Premium on reinsurance accepted | 1663 211 | 3250 798 | 1484 110 | 2331 102 | |
| Less : Premium on reinsurance ceded | 389 488 | 601 792 | 56 358 | 116 034 | |
| Net Premium | 1273 723 | 2649 006 | 1427 752 | 2215 068 | |
| Adjustment for change in reserve for unexpired risks | 103 075 | -489 305 | -739 917 | -910 168 | |
| Premium Earned (Net) | 1376 798 | 2159 701 | 687 835 | 1304 900 | |
| TOTAL MARINE | |||||
| Premium from direct business written | 0 | 0 | 0 | 0 | |
| Add: Premium on reinsurance accepted | 2696 627 | 5230 237 | 2312 691 | 4110 105 | |
| Less : Premium on reinsurance ceded | 453 968 | 753 565 | 118 636 | 256 777 | |
| Net Premium | 2242 659 | 4476 672 | 2194 055 | 3853 328 | |
| Adjustment for change in reserve for unexpired risks | -90 742 | -699 906 | -447 560 | -716 744 | |
| Premium Earned (Net) | 2151 917 | 3776 766 | 1746 495 | 3136 584 | |
| D | LIFE INSURANCE | ||||
| Premium from direct business written | 0 | 0 | 0 | 0 | |
| Add: Premium on reinsurance accepted | 80 532 | 106 831 | 48 544 | 82 548 | |
| Less : Premium on reinsurance ceded | 0 | 0 | 0 | 0 | |
| Net Premium | 80 532 | 106 831 | 48 544 | 82 548 | |
| Adjustment for change in reserve for unexpired risks | -15 994 | -12 141 | -13 673 | -28 964 | |
| Premium Earned (Net) | 64 538 | 94 690 | 34 871 | 53 584 | |
| E | TOTAL ALL CLASSES | ||||
| Premium from direct business written | 0 | 2 552 | 2 551 | 2 551 | |
| Add: Premium on reinsurance accepted | 30549 436 | 56414 385 | 24473 060 | 46598 905 | |
| Less : Premium on reinsurance ceded | 2462 719 | 4765 506 | 2275 006 | 4161 649 | |
| Net Premium | 28086 717 | 51651 431 | 22200 605 | 42439 807 | |
| Adjustment for change in reserve for unexpired risks | -2945 997 | -4926 614 | -815 884 | -3700 397 | |
| Premium Earned (Net) | 25140 720 | 46724 817 | 21384 721 | 38739 410 | |