| FORM NL-21: Statement of Liabilities | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Insurer: | General Insurance Corporation of India | - | Date: | - | - | - | - | - | |
| - | - | - | - | (Rs in Lacs) | - | - | - | - | |
| Statement of Liabilities | |||||||||
| As On 31.03.2011 | As at 31.03.2010 For the corresponding previous year | ||||||||
| Sl.No. | Particular | Reserves for unexpired risks | Reserve for Outstanding Claims | IBNR Reserves | Total Reserves | Reserves for unexpired risks | Reserve for Outstanding Claims | IBNR Reserves | Total Reserves |
| 1 | Fire | 149622.54 | 325533.70 | 17577.32 | 492733.56 | 139579.84 | 253113.10 | 16583.00 | 409275.94 |
| 2 | Marine | 92117.21 | 77780.42 | 11104.97 | 181002.60 | 76320.79 | 75030.05 | 12099.00 | 163449.84 |
| a | Marine Cargo | 38681.32 | 38843.85 | 1222.10 | 78747.26 | 31129.52 | 21673.26 | 5189.00 | 57991.78 |
| b | Marine Hull | 53435.89 | 38936.58 | 9882.87 | 102255.34 | 45191.27 | 53356.79 | 6910.00 | 105458.06 |
| 3 | Miscellaneous | 338961.66 | 602909.13 | 48092.03 | 989962.82 | 267946.87 | 495775.60 | 38815.00 | 802537.47 |
| a | Motor | 114286.54 | 390332.01 | 12182.14 | 516800.70 | 98839.50 | 300769.78 | 16567.00 | 416176.28 |
| b | Engineering | 35819.62 | 59504.47 | 6703.30 | 102027.39 | 31963.54 | 54649.87 | 8054.00 | 94667.41 |
| c | Aviation | 28446.12 | 44225.08 | 8829.59 | 81500.79 | 24700.17 | 43745.79 | 7031.00 | 75476.96 |
| d | Liabilities | 8487.78 | 8487.78 | 6562.54 | - | - | 6562.54 | ||
| e | Others | 69839.37 | 108847.57 | 20377.00 | 199063.94 | 54795.55 | 96610.16 | 7163.00 | 158568.71 |
| 4 | Health Insurance | 82082.23 | - | - | 82082.23 | 51085.57 | - | - | 51085.57 |
| 5 | Total Liabilities | 580701.41 | 1006223.25 | 76774.33 | 1663698.99 | 483847.50 | 823918.75 | 67497.00 | 1375263.25 |
| 1. IBNR is not provided separately for Liabilities and Health Insurance as it is considered as part of Others under Miscellaneous. However, for Life it is provided and it is included in Others. | |||||||||