(Rupees in thousands)
NL-31 : Related Party Transactions
Insurer: General Insurance Corporation of India
Sl.No. Name of the Related Party Nature of Relationship with the Company Description of Transactions / Categories Consideration paid / received*
For the year ended 31.03.2011 For the preceeding year ended 31.03.2010
1 Kenindia Assuarnce Company Associate Company Net Premiun - Net commission - Net Claims 498 -35
2 India International Pte LTD. Associate Company Net Premiun - Net commission - Net Claims 101931 195363
3 LIC Mauritius Limited Associate Company Net Premiun - Net commission - Net Claims Nil Nil
5 Agricultural Insurance Company of India Ltd Associate Company Net Premiun - Net commission - Net Claims 1111151 Nil
6 East Africa Re Associate Company Net Premiun - Net commission - Net Claims 5786 3131
(-) indicates amount payable by GIC
*including the premium flow through Associates/ Group companies as an agent