| FORM NL-1-B-RA | ||||||
|---|---|---|---|---|---|---|
| Name of the Insurer: GENERAL INSURANCE CORPORATION OF INDIA | ||||||
| FIRE INSURANCE BUSINESS | ||||||
| PARTICULARS | SCHEDULE | FOR THE QUARTER | FOR THE PERIOD 31.03.2011 | FOR THE QUARTER OF THE PRECEDING YEAR | FOR THE PREVIOUS PERIOD 31.03.2010 | |
| (Rs IN 000) | ( Rs IN 000) | ( Rs IN 000) | (Rs` IN 000) | |||
| 1 | Premiums earned (Net) | NL-4-Premium Schedule | 7509 231 | 27373 264 | 5971 759 | 23610 852 |
| - | - | - | - | - | - | - |
| 2 | Profit on sale of Investments (Net) | - | 357 748 | 1285 365 | 485 667 | 1327 238 |
| - | - | - | - | - | - | - |
| 3 | Profit/-Loss on Exchange Fluctuation | - | -12 428 | -117 150 | -43 715 | -72 787 |
| - | - | - | - | - | - | - |
| 4 | Interest, Dividend & Rent - Gross | - | 597 032 | 2702 189 | 461 279 | 2197 320 |
| - | TOTAL (A) | - | 8451 583 | 31243 668 | 6874 990 | 27062 623 |
| - | - | - | - | - | - | - |
| 1 | Claims Incurred (Net) | NL-5-Claims Schedule | 7594 159 | 22004 887 | 4473 114 | 16363 786 |
| - | - | - | - | - | - | - |
| 2 | Commission (Net) | NL-6-Commission Schedule | 1640 072 | 6509 120 | 1669 061 | 7169 849 |
| - | - | - | - | - | - | - |
| 3 | Operating Expenses related to Insurance Business | NL-7-Operating Expenses Schedule | 67 647 | 251 916 | 92 620 | 245 689 |
| - | - | - | - | - | - | - |
| 4 | Expenses relating to Investments | - | 3 484 | 8 300 | 2 816 | 6 231 |
| - | - | - | - | - | - | - |
| - | TOTAL (B) | - | 9305 362 | 28774 223 | 6237 611 | 23785 555 |
| - | Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B) | - | -853 779 | 2469 445 | 637 379 | 3277 068 |
| - | APPROPRIATIONS | - | - | - | - | - |
| - | - | - | - | - | - | - |
| - | Transfer to Shareholders’ Account | - | -853 779 | 2469 445 | 637 379 | 3277 068 |
| - | Transfer to Catastrophe Reserve | - | - | - | - | - |
| - | Transfer to Other Reserves (to be specified) | - | - | - | - | - |
| - | TOTAL (C) | - | -853 779 | 2469 445 | 637 379 | 3277 068 |
| As required by Section 40C (2) of the Insurance Act, 1938, we certify that, all expenses of management, wherever incurred, whether directly or indirectly, in respect of Fire Insurance Business have been fully debited in the Fire Insurance Revenue Accounts as expenses. | ||||||
| MISCELLANEOUS INSURANCE BUSINESS | ||||||
| Particulars | SCHEDULE | FOR THE QUARTER | FOR THE PERIOD 31.03.2011 | FOR THE QUARTER OF THE PRECEDING YEAR | FOR THE PREVIOUS PERIOD 31.03.2010 | |
| ( ` IN 000) | ( ` IN 000) | ( ` IN 000) | ( ` IN 000) | |||
| 1 | Premiums earned (Net) | NL-4-Premium Schedule | 18483 163 | 60139 643 | 14456 449 | 49829 019 |
| 2 | Profit on sale of Investments (Net) | 700 149 | 2515 593 | 1058 289 | 2892 107 | |
| 3 | Profit/-Loss on Exchange Fluctuation | -20 449 | -98 418 | -51 909 | -3 659 | |
| 4 | Interest, Dividend & Rent - Gross | 1168 455 | 5288 466 | 1005 147 | 4788 054 | |
| TOTAL (A) | 20331 318 | 67845 284 | 16467 976 | 57505 521 | ||
| 1 | Claims Incurred (Net) | NL-5-Claims Schedule | 23170 461 | 58636 096 | 16109 256 | 47482 341 |
| 2 | Commission (Net) | NL-6-Commission Schedule | 2958 243 | 10675 387 | 3058 999 | 10434 491 |
| 3 | Operating Expenses related to Insurance Business | NL-7-Operating Expenses Schedule | 105 253 | 454 516 | 153 422 | 399 669 |
| 4 | Expenses relating to Investments | 6 819 | 16 244 | 6 135 | 13 577 | |
| TOTAL (B) | 26240 776 | 69782 243 | 19327 812 | 58330 078 | ||
| Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B) | -5909 458 | -1936 959 | -2859 836 | -824 557 | ||
| APPROPRIATIONS | ||||||
| Transfer to Shareholders’ Account | -5909 458 | -1936 959 | -2859 836 | -824 557 | ||
| Transfer to Catastrophe Reserve | ||||||
| Transfer to Other Reserves (to be specified) | ||||||
| TOTAL (C) | -5909 458 | -1936 959 | -2859 836 | -824 557 | ||
| As required by Section 40C (2) of the Insurance Act, 1938, we certify that, all expenses of management, wherever incurred, whether directly or indirectly, in respect of Miscellaneous Insurance Business have been fully debited in the Miscellaneous Insurance Revenue Accounts as expenses. | ||||||
| MARINE INSURANCE BUSINESS | ||||||
| Particulars | SCHEDULE | FOR THE QUARTER | FOR THE PERIOD 31.03.2011 | FOR THE QUARTER OF THE PRECEDING YEAR | FOR THE PREVIOUS PERIOD 31.03.2010 | |
| ( ` IN 000) | ( ` IN 000) | ( ` IN 000) | ( ` IN 000) | |||
| 1 | Premiums earned (Net) | NL-4-Premium Schedule | 2410 024 | 7685 571 | 2402 514 | 7195 663 |
| 2 | Profit on sale of Investments (Net) | 142 872 | 513 328 | 239 778 | 655 269 | |
| 3 | Profit/-Loss on Exchange Fluctuation | 2 823 | 10 310 | -3 875 | 70 233 | |
| 4 | Interest, Dividend & Rent - Gross | 238 432 | 1079 155 | 227 738 | 1084 837 | |
| TOTAL (A) | 2794 151 | 9288 364 | 2866 155 | 9006 002 | ||
| 1 | Claims Incurred (Net) | NL-5-Claims Schedule | 335 285 | 5437 852 | 127 186 | 4649 489 |
| 2 | Commission (Net) | NL-6-Commission Schedule | 411 479 | 2042 160 | 532 933 | 1676 874 |
| 3 | Operating Expenses related to Insurance Business | NL-7-Operating Expenses Schedule | 7 070 | 51 704 | 19 341 | 45 375 |
| 4 | Expenses relating to Investments | 1 392 | 3 315 | 1 390 | 3 076 | |
| TOTAL (B) | 755 226 | 7535 031 | 680 850 | 6374 814 | ||
| Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B) | 2038 925 | 1753 333 | 2185 305 | 2631 188 | ||
| APPROPRIATIONS | ||||||
| Transfer to Shareholders’ Account | 2038 925 | 1753 333 | 2185 305 | 2631 188 | ||
| Transfer to Catastrophe Reserve | ||||||
| Transfer to Other Reserves (to be specified) | ||||||
| TOTAL (C) | 2038 925 | 1753 333 | 2185 305 | 2631 188 | ||
| As required by Section 40C (2) of the Insurance Act, 1938, we certify that, all expenses of management, wherever incurred, whether directly or indirectly, in respect of Marine Insurance Business have been fully debited in the Marine Insurance Revenue Accounts as expenses. | ||||||
| LIFE INSURANCE BUSINESS | ||||||
| Particulars | SCHEDULE | FOR THE QUARTER | FOR THE PERIOD 31.03.2011 | FOR THE QUARTER OF THE PRECEDING YEAR | FOR THE PREVIOUS PERIOD 31.03.2010 | |
| ( ` IN 000) | ( ` IN 000) | ( ` IN 000) | ( ` IN 000) | |||
| 1 | Premiums earned (Net) | NL-4-Premium Schedule | 110 463 | 241 866 | 63 679 | 128 800 |
| 2 | Profit on sale of Investments (Net) | 1 347 | 4 842 | 1 675 | 4 577 | |
| 3 | Profit/-Loss on Exchange Fluctuation | 456 | 1 202 | -1 597 | -1 978 | |
| 4 | Interest, Dividend & Rent - Gross | 2 249 | 10 180 | 1 591 | 7 577 | |
| TOTAL (A) | 114 515 | 258 090 | 65 348 | 138 976 | ||
| 1 | Claims Incurred (Net) | NL-5-Claims Schedule | 111 280 | 178 944 | 14 885 | 68 261 |
| 2 | Commission (Net) | NL-6-Commission Schedule | 26 639 | 36 826 | 4 097 | 21 249 |
| 3 | Operating Expenses related to Insurance Business | NL-7-Operating Expenses Schedule | 1 001 | 2 143 | 405 | 946 |
| 4 | Expenses relating to Investments | 13 | 31 | 9 | 21 | |
| TOTAL (B) | 138 933 | 217 944 | 19 396 | 90 477 | ||
| Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B) | -24 418 | 40 146 | 45 952 | 48 499 | ||
| APPROPRIATIONS | ||||||
| Transfer to Shareholders’ Account | -24 418 | 40 146 | 45 952 | 48 499 | ||
| Transfer to Catastrophe Reserve | ||||||
| Transfer to Other Reserves (to be specified) | ||||||
| TOTAL (C) | -24 418 | 40 146 | 45 952 | 48 499 | ||
| As required by Section 40C (2) of the Insurance Act, 1938, we certify that, all expenses of management, wherever incurred, whether directly or indirectly, in respect of Life Insurance Business have been fully debited in the Life Insurance Revenue Accounts as expenses. | ||||||