FORM NL-26 - CLAIMS INFORMATION - KG Table I |
Insurer : General Insurance Corporation of India |
Solvency for the period ended 31st December 2010 |
Required solvency margin based on net premium and net incurred claims | - | - |
(` in Lacs) |
Item No. |
Description |
PREMIUM |
CLAIM |
RSM-1 |
RSM-2 |
RSM* |
Gross Premium |
Net Premium |
Gross incurred claim |
Net incurred Claim |
1 |
Fire |
3193 19.52 |
2608 18.18 |
1952 80.77 |
1921 43.05 |
521 63.64 |
576 42.91 |
576 42.91 |
2 |
Marine Cargo |
419 90.93 |
385 70.73 |
286 29.70 |
279 69.42 |
77 14.15 |
83 90.83 |
83 90.83 |
3 |
Marine Hull |
662 87.36 |
534 27.19 |
641 56.99 |
400 64.80 |
106 85.44 |
120 19.44 |
120 19.44 |
4 |
Motor |
2260 22.27 |
2260 21.90 |
1976 59.64 |
1972 21.31 |
452 04.38 |
591 66.39 |
591 66.39 |
5 |
Engineering |
757 54.67 |
642 39.14 |
365 83.20 |
317 50.82 |
128 47.83 |
95 25.25 |
128 47.83 |
6 |
Aviation |
683 69.24 |
544 95.30 |
514 03.59 |
441 00.60 |
108 99.06 |
132 30.18 |
132 30.18 |
7 |
Liabilities |
- |
- |
- |
- |
- |
- |
- |
8 |
Others |
2813 14.24 |
2731 68.49 |
1992 46.66 |
1998 02.40 |
546 33.70 |
599 40.72 |
599 40.72 |
9 |
Health |
- |
- |
- |
- |
- |
- |
- |
10 |
Life |
21 83.59 |
21 82.59 |
9 02.18 |
9 02.18 |
4 36.52 |
2 70.66 |
4 36.52 |
|
Total |
10812 41.83 |
9729 23.52 |
7738 62.73 |
7339 54.59 |
1945 84.70 |
2201 86.38 |
2236 74.82 |
|
RSM1 premium has been calculated based on 12 month figure i.e. from 01.01.2010 to 31.12.2010 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 31.12.10 has been multiplied by 4/3 for arriving at annual figure. |
Solvency for the period ended 31st December 2009 |
Required solvency margin based on net premium and net incurred claims | - | - |
(` in Lacs) |
Item No. |
Description |
PREMIUM |
CLAIM |
RSM-1 |
RSM-2 |
RSM* |
Gross Premium |
Net Premium |
Gross incurred claim |
Net incurred Claim |
1 |
Fire |
242935.80 |
200450.34 |
1228 73.60 |
1189 06.72 |
400 90.07 |
356 72.02 |
400 90.07 |
2 |
Marine Cargo |
23586.52 |
21253.56 |
261 41.56 |
215 55.88 |
42 50.71 |
64 66.76 |
64 66.76 |
3 |
Marine Hull |
34799.93 |
32355.38 |
243 58.64 |
236 67.15 |
64 71.08 |
71 00.14 |
71 00.14 |
4 |
Motor |
133252.29 |
133252.29 |
1311 18.58 |
1313 47.62 |
266 50.46 |
394 04.29 |
394 04.29 |
5 |
Engineering |
53621.67 |
44676.52 |
235 29.78 |
207 18.21 |
89 35.30 |
62 15.46 |
89 35.30 |
6 |
Aviation |
47358.86 |
34916.74 |
361 58.77 |
207 78.63 |
69 83.35 |
62 33.59 |
69 83.35 |
7 |
Liabilities |
- |
0 |
0 |
- |
- |
- |
- |
8 |
Others |
168083.20 |
162043.30 |
1415 41.66 |
1408 86.39 |
324 08.66 |
422 65.92 |
422 65.92 |
9 |
Health |
- |
- |
- |
- |
- |
- |
- |
10 |
Life |
923.98 |
923.98 |
5 33.77 |
5 33.77 |
1 84.80 |
1 60.13 |
1 84.80 |
|
Total |
7045 62.25 |
6298 72.12 |
5062 56.36 |
4783 94.37 |
1259 74.42 |
1435 18.31 |
1514 30.63 |
|
- |
- |
- |
- |
Adjusted RSM on 12 Months basis |
- |
- |
2019 07.50 |
|
* Total RSM has been calculated based on 12 month figure as on 31.12.09 on estimated gross premium from 01.01.09 to 31.12.09 |
|
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. |