| FORM NL-26 - CLAIMS INFORMATION - KG Table I | ||||||||
|---|---|---|---|---|---|---|---|---|
| Solvency for the period ended 30th September 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 | 337581.58 | 278190.76 | 184709.59 | 189918.18 | 55638.15 | 56975.45 | 56975.45 |
| 2 | Marine Cargo | 36494.67 | 33023.58 | 28629.70 | 22212.32 | 6604.72 | 6663.70 | 6663.70 |
| 3 | Marine Hull | 59667.14 | 49530.65 | 77982.32 | 45996.68 | 9906.13 | 13799.00 | 13799.00 |
| 4 | Motor | 215911.25 | 215910.87 | 201689.26 | 201689.26 | 43182.17 | 60506.78 | 60506.78 |
| 5 | Engineering | 75869.66 | 66067.93 | 36583.20 | 30231.17 | 13213.59 | 9069.35 | 13213.59 |
| 6 | Aviation | 69777.75 | 57604.92 | 58823.01 | 46699.38 | 11520.98 | 14009.81 | 14009.81 |
| 7 | Liabilities | - | - | - | - | - | - | - |
| 8 | Others | 274899.00 | 267829.55 | 213621.43 | 214514.21 | 535 65.91 | 643 54.26 | 643 54.26 |
| 9 | Health | - | - | - | - | - | - | - |
| 10 | Life | 16 45.33 | 16 45.33 | 8 45.23 | 8 45.23 | 3 29.07 | 2 53.57 | 3 29.07 |
| - | Total | 1071846.38 | 969803.59 | 802883.74 | 752106.43 | 193960.72 | 225631.92 | 229851.66 |
| RSM1 premium has been calculated based on 12 month figure i.e. from 01.10.09 to 30.09.10 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 30.09.10 has been multiplied by 2 for arriving at annual figure. | ||||||||
| Solvency for the period ended 30th September 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 | 160802.59 | 138448.02 | 105186.24 | 97492.09 | 27689.60 | 29247.63 | 29247.63 |
| 2 | Marine Cargo | 177 90.04 | 163 82.60 | 218 76.73 | 153 53.57 | 32 76.52 | 46 06.07 | 46 06.07 |
| 3 | Marine Hull | 23311.02 | 22150.68 | 16770.62 | 18857.35 | 4430.14 | 5657.21 | 5657.21 |
| 4 | Motor | 87508.77 | 87508.77 | 112479.75 | 112708.79 | 175 01.75 | 338 12.64 | 338 12.64 |
| 5 | Engineering | 32824.19 | 27423.19 | 17271.74 | 14538.99 | 5484.64 | 4361.70 | 5484.64 |
| 6 | Aviation | 29770.88 | 21712.83 | 31040.49 | 23408.64 | 4342.57 | 7022.59 | 7022.59 |
| 7 | Liabilities | - | - | - | - | - | ||
| 8 | Others | 1131 81.60 | 1099 46.48 | 984 19.80 | 4 60.63 | 1 65.10 | 1 38.19 | 1 65.10 |
| 9 | Health | - | - | - | - | - | - | - |
| 10 | Life | 8 25.48 | 8 25.48 | 4 60.63 | 973 22.15 | 219 89.30 | 291 96.64 | 291 96.64 |
| - | Total | 466014.57 | 424398.05 | 403506.00 | 380142.21 | 84879.62 | 114042.67 | 115192.52 |
| - | Adjusted RSM on 12 Months basis | 2303 85.04 | ||||||
| - | * Total RSM has been calculated based on 12 months figure as on 30.09.09 on estimated gross premium from 01.10.08 to 30.09.09 | |||||||
| 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. | ||||||||