|
|
(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 |