| FORM NL-4-PREMIUM SCHEDULE | |||
|---|---|---|---|
| Name of the Insurer:--GENERAL INSURANCE CORPORATION OF INDIA | |||
| PREMIUM EARNED [NET] | |||
| FOR THE FOR THE PERIOD ENDED 31.03.2011 | |||
| - | PARTICULARS | FOR THE PERIOD 31.03.2011 |
FOR THE PREVIOUS PERIOD 31.03.2010 |
| - | - | (Rs '000) | (Rs '000) |
| A | FIRE INSURANCE | - | - |
| - | Premium from direct business written | 0 | 0 |
| Add: Premium on reinsurance accepted | 34674 173 | 32195 362 | |
| Less : Premium on reinsurance ceded | 6296 639 | 5228 877 | |
| Net Premium | 28377 534 | 26966 485 | |
| Adjustment for change in reserve for unexpired risks | -1004 270 | -3355 633 | |
| - | Premium Earned (Net) | 27373 264 | 23610 852 |
| B | MISCELLANEOUS INSURANCE | ||
| (1) | MOTOR | - | - |
| Premium from direct business written | 0 | 0 | |
| Add: Premium on reinsurance accepted | 22856 852 | 19767 753 | |
| Less : Premium on reinsurance ceded | 0 | 38 | |
| Net Premium | 22856 852 | 19767 715 | |
| Adjustment for change in reserve for unexpired risks | -1526 205 | -72 653 | |
| - | Premium Earned (Net) | 21330 647 | 19695 062 |
| (2) | AVIATION | ||
| Premium from direct business written | 0 | 0 | |
| Add: Premium on reinsurance accepted | 7540 076 | 6197 760 | |
| Less : Premium on reinsurance ceded | 2056 923 | 1531 916 | |
| Net Premium | 5483 153 | 4665 844 | |
| Adjustment for change in reserve for unexpired risks | -406 595 | 147 260 | |
| - | Premium Earned (Net) | 5076 558 | 4813 104 |
| (3) | ENGINEERING | ||
| Premium from direct business written | 0 | 0 | |
| Add: Premium on reinsurance accepted | 8031 430 | 7502 384 | |
| Less : Premium on reinsurance ceded | 969 364 | 1254 167 | |
| Net Premium | 7062 066 | 6248 217 | |
| Adjustment for change in reserve for unexpired risks | -404 109 | -325 613 | |
| - | Premium Earned (Net) | 6657 957 | 5922 604 |
| (4) | W.C. | ||
| Premium from direct business written | 0 | 0 | |
| Add: Premium on reinsurance accepted | 204 891 | 212 227 | |
| Less : Premium on reinsurance ceded | 0 | 0 | |
| Net Premium | 204 891 | 212 227 | |
| Adjustment for change in reserve for unexpired risks | 3 717 | 19 865 | |
| - | Premium Earned (Net) | 208 608 | 232 092 |
| (5) | Liability | ||
| Premium from direct business written | 0 | 0 | |
| Add: Premium on reinsurance accepted | 1826 691 | 1408 741 | |
| Less : Premium on reinsurance ceded | 128 977 | 96 518 | |
| Net Premium | 1697 714 | 1312 223 | |
| Adjustment for change in reserve for unexpired risks | -192 523 | -258 620 | |
| - | Premium Earned (Net) | 1505 191 | 1053 603 |
| (6) | PA | ||
| Premium from direct business written | 0 | 0 | |
| Add: Premium on reinsurance accepted | 2837 492 | 1723 606 | |
| Less : Premium on reinsurance ceded | 16 131 | 30 781 | |
| Net Premium | 2821 361 | 1692 825 | |
| Adjustment for change in reserve for unexpired risks | -564 211 | -151 777 | |
| - | Premium Earned (Net) | 2257 150 | 1541 048 |
| (7) | Health | ||
| Premium from direct business written | 0 | 0 | |
| Add: Premium on reinsurance accepted | 16474 055 | 10217 138 | |
| Less : Premium on reinsurance ceded | 0 | 24 | |
| Net Premium | 16474 055 | 10217 114 | |
| Adjustment for change in reserve for unexpired risks | -3099 666 | -1312 041 | |
| - | Premium Earned (Net) | 13374 389 | 8905 073 |
| (8) | Oth. Misc. | ||
| Premium from direct business written | 0 | 0 | |
| Add: Premium on reinsurance accepted | 9613 872 | 7836 183 | |
| Less : Premium on reinsurance ceded | 638 870 | 594 130 | |
| Net Premium | 8975 002 | 7242 053 | |
| Adjustment for change in reserve for unexpired risks | -863 917 | -1184 201 | |
| - | Premium Earned (Net) | 8111 085 | 6057 852 |
| (9) | FL/Credit | ||
| Premium from direct business written | 0 | 0 | |
| Add: Premium on reinsurance accepted | 1564 414 | 1671 701 | |
| Less : Premium on reinsurance ceded | 0 | 0 | |
| Net Premium | 1564 414 | 1671 701 | |
| Adjustment for change in reserve for unexpired risks | 53 644 | -63 120 | |
| - | Premium Earned (Net) | 1618 058 | 1608 581 |
| TOTAL MISCELLANEOUS | |||
| - | Premium from direct business written | 0 | 0 |
| Add: Premium on reinsurance accepted | 70949 773 | 56537 493 | |
| Less : Premium on reinsurance ceded | 3810 265 | 3507 574 | |
| Net Premium | 67139 508 | 53029 919 | |
| Adjustment for change in reserve for unexpired risks | -6999 865 | -3200 900 | |
| - | Premium Earned (Net) | 60139 643 | 49829 019 |
| C | MARINE INSURANCE | ||
| (1) | MARINE CARGO | ||
| - | Premium from direct business written | 0 | 0 |
| Add: Premium on reinsurance accepted | 4215 390 | 3449 031 | |
| Less : Premium on reinsurance ceded | 293 607 | 336 080 | |
| Net Premium | 3921 783 | 3112 951 | |
| Adjustment for change in reserve for unexpired risks | -790 180 | -91 330 | |
| Premium Earned (Net) | 3131 603 | 3021 621 | |
| (2) | MARINE HULL | ||
| Premium from direct business written | 0 | 0 | |
| Add: Premium on reinsurance accepted | 6628 282 | 5047 019 | |
| Less : Premium on reinsurance ceded | 1284 852 | 527 891 | |
| Net Premium | 5343 430 | 4519 128 | |
| Adjustment for change in reserve for unexpired risks | -789 462 | -345 086 | |
| - | Premium Earned (Net) | 4553 968 | 4174 042 |
| TOTAL MARINE | |||
| Premium from direct business written | 0 | 0 | |
| Add: Premium on reinsurance accepted | 10843 672 | 8496 050 | |
| Less : Premium on reinsurance ceded | 1578 459 | 863 971 | |
| Net Premium | 9265 213 | 7632 079 | |
| Adjustment for change in reserve for unexpired risks | -1579 642 | -436 416 | |
| - | Premium Earned (Net) | 7685 571 | 7195 663 |
| D | LIFE INSURANCE | ||
| Premium from direct business written | 0 | 0 | |
| Add: Premium on reinsurance accepted | 345 091 | 140 250 | |
| Less : Premium on reinsurance ceded | 1 610 | 0 | |
| Net Premium | 343 481 | 140 250 | |
| Adjustment for change in reserve for unexpired risks | -101 615 | -11 450 | |
| - | Premium Earned (Net) | 241 866 | 128 800 |
| E | TOTAL ALL CLASSES | ||
| Premium from direct business written | 0 | 0 | |
| Add: Premium on reinsurance accepted | 116812 709 | 97369 155 | |
| Less : Premium on reinsurance ceded | 11686 973 | 9600 422 | |
| Net Premium | 105125 736 | 87768 733 | |
| Adjustment for change in reserve for unexpired risks | -9685 392 | -7004 399 | |
| - | Premium Earned (Net) | 95440 344 | 80764 334 |