| FORM NL-1-B-RA | |||||||
| Name of the Insurer:--GENERAL INSURANCE CORPORATION OF INDIA | |||||||
| Registration No.--112 | |||||||
| Date of--Registration with the IRDA : 2nd April, 2001 | |||||||
| REVENUE ACCOUNT FOR THE PERIOD ENDED 31.12.2011 | |||||||
| FIRE INSURANCE BUSINESS | - | - | - | - | - | ||
| - | PARTICULARS | SCHEDULE | FOR THE QUARTER | NINE MONTH ENDING 31.12.2011 | FOR THE QUARTER OF THE PRECEDING YEAR | NINE MONTH ENDING 31.12.2010 | |
| - | - | - | ( Rs IN 000) | ( Rs IN 000) | ( Rs IN 000) | ( Rs IN 000) | |
| 1 | Premiums earned (Net) | NL-4-Premium Schedule | 6295 976 | 21853 684 | 5616 385 | 19864 033 | |
| - | - | - | - | - | - | - | |
| 2 | Profit on sale of Investments (Net) | - | 142 017 | 452 361 | 218 029 | 927 617 | |
| - | - | - | - | - | - | - | |
| 3 | Profit/-Loss on Exchange Fluctuation | - | 12 613 | -8 391 | -37 000 | -104 722 | |
| - | - | - | - | - | - | - | |
| 4 | Interest, Dividend & Rent - Gross | - | 763 721 | 2677 219 | 594 673 | 2105 157 | |
| - | TOTAL (A) | - | 7214 327 | 24974 873 | 6392 087 | 22792 085 | |
| - | - | - | - | - | - | - | |
| 1 | Claims Incurred (Net) | NL-5-Claims Schedule | 16374 862 | 34238 532 | 4914 819 | 14410 728 | |
| - | - | - | - | - | - | - | |
| 2 | Commission (Net) | NL-6-Commission Schedule | 2484 026 | 5425 616 | 1412 389 | 4869 048 | |
| - | - | - | - | - | - | - | |
| 3 | Operating Expenses related to Insurance Business | NL-7-Operating Expenses Schedule | 94 865 | 234 362 | 49 917 | 184 269 | |
| - | - | - | - | - | - | - | |
| 4 | Expenses relating to Investments | - | 2 035 | 5 680 | 2 162 | 4 816 | |
| - | - | - | - | - | - | - | |
| - | TOTAL--(B) | - | 18955 788 | 39904 190 | 6379 287 | 19468 861 | |
| - | Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B) | - | -11741 461 | -14929 317 | 12 800 | 3323 224 | |
| - | APPROPRIATIONS | - | - | - | - | - | |
| - | - | - | - | - | - | - | |
| - | Transfer to Shareholders’ Account | - | -11741 461 | -14929 317 | 12 800 | 3323 224 | |
| - | Transfer to Catastrophe Reserve | - | - | - | - | - | |
| - | Transfer to Other Reserves (to be specified) | - | - | - | - | - | |
| - | TOTAL (C) | - | -11741 461 | -14929 317 | 12 800 | 3323 224 | |
| 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 | NINE MONTH ENDING 31.12.2011 | FOR THE QUARTER OF THE PRECEDING YEAR | NINE MONTH ENDING 31.12.2010 | |
| - | - | - | ( Rs IN 000) | ( Rs IN 000) | ( Rs IN 000) | ( Rs IN 000) | |
| 1 | Premiums earned (Net) | NL-4-Premium Schedule | 16278 166 | 50797 141 | 13050 767 | 41656 480 | |
| - | - | - | - | - | - | - | |
| 2 | Profit on sale of Investments (Net) | - | 284 377 | 905 817 | 426 706 | 1815 444 | |
| - | - | - | - | - | - | - | |
| 3 | Profit/-Loss on Exchange Fluctuation | - | 56 687 | 66 649 | -71 453 | -77 969 | |
| - | - | - | - | - | - | - | |
| 4 | Interest, Dividend & Rent - Gross | - | 1529 292 | 5360 923 | 1163 837 | 4120 011 | |
| - | TOTAL (A) | - | 18148 522 | 57130 530 | 14569 857 | 47513 966 | |
| - | - | - | - | - | - | - | |
| 1 | Claims Incurred (Net) | NL-5-Claims Schedule | 21777 312 | 49693 595 | 10905 315 | 35465 635 | |
| - | - | - | - | - | - | - | |
| 2 | Commission (Net) | NL-6-Commission Schedule | 6176 925 | 8925 548 | 2348 029 | 7717 144 | |
| - | - | - | - | - | - | - | |
| 3 | Operating Expenses related to Insurance Business | NL-7-Operating Expenses Schedule | 177 299 | 426 964 | 121 411 | 349 263 | |
| - | - | - | - | - | - | - | |
| 4 | Expenses relating to Investments | - | 4 074 | 11 373 | 4 231 | 9 425 | |
| - | - | - | - | - | - | - | |
| - | TOTAL--(B) | - | 28135 610 | 59057 480 | 13378 986 | 43541 467 | |
| - | Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B) | - | -9987 088 | -1926 950 | 1190 871 | 3972 499 | |
| - | APPROPRIATIONS | - | - | - | - | - | |
| - | - | - | - | - | - | - | |
| - | Transfer to Shareholders’ Account | - | -9987 088 | -1926 950 | 1190 871 | 3972 499 | |
| - | Transfer to Catastrophe Reserve | - | - | - | - | - | |
| - | Transfer to Other Reserves (to be specified) | - | - | - | - | - | |
| - | TOTAL (C) | - | -9987 088 | -1926 950 | 1190 871 | 3972 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 Miscellaneous Insurance Business have been fully debited in the Miscellaneous Insurance Revenue Accounts as expenses. | |||||||
| MARINE INSURANCE BUSINESS | |||||||
| - | PARTICULARS | SCHEDULE | FOR THE QUARTER | NINE MONTH ENDING 31.12.2011 | FOR THE QUARTER OF THE PRECEDING YEAR | NINE MONTH ENDING 31.12.2010 | |
| - | - | - | ( ` IN 000) | ( ` IN 000) | ( ` IN 000) | ( ` IN 000) | |
| 1 | Premiums earned (Net) | NL-4-Premium Schedule | 2291 308 | 6610 265 | 1498 781 | 5275 547 | |
| - | - | - | - | - | - | - | |
| 2 | Profit on sale of Investments (Net) | - | 52 169 | 166 172 | 87 072 | 370 456 | |
| - | - | - | - | - | - | - | |
| 3 | Profit/-Loss on Exchange Fluctuation | - | 6 304 | 5 827 | -4 473 | 7 487 | |
| - | - | - | - | - | - | - | |
| 4 | Interest, Dividend & Rent - Gross | - | 280 548 | 983 460 | 237 491 | 840 723 | |
| - | TOTAL (A) | - | 2630 329 | 7765 724 | 1818 871 | 6494 213 | |
| - | - | - | - | - | - | - | |
| 1 | Claims Incurred (Net) | NL-5-Claims Schedule | 3721 367 | 7247 480 | 1837 462 | 5102 567 | |
| - | - | - | - | - | - | - | |
| 2 | Commission (Net) | NL-6-Commission Schedule | 703 614 | 1854 942 | 572 267 | 1630 681 | |
| - | - | - | - | - | - | - | |
| 3 | Operating Expenses related to Insurance Business | NL-7-Operating Expenses Schedule | 20 362 | 51 709 | 18 006 | 44 634 | |
| - | - | - | - | - | - | - | |
| 4 | Expenses relating to Investments | - | 747 | 2 086 | 863 | 1 923 | |
| - | - | - | - | - | - | - | |
| - | TOTAL--(B) | - | 4446 090 | 9156 217 | 2428 598 | 6779 805 | |
| - | Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B) | - | -1815 761 | -1390 493 | -609 727 | -285 592 | |
| - | APPROPRIATIONS | - | - | - | - | - | |
| - | - | - | - | - | - | - | |
| - | Transfer to Shareholders’ Account | - | -1815 761 | -1390 493 | -609 727 | -285 592 | |
| - | Transfer to Catastrophe Reserve | - | - | - | - | - | |
| - | Transfer to Other Reserves (to be specified) | - | - | - | - | - | |
| - | TOTAL (C) | - | -1815 761 | -1390 493 | -609 727 | -285 592 | |
| 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 | NINE MONTH ENDING 31.12.2011 | FOR THE QUARTER OF THE PRECEDING YEAR | NINE MONTH ENDING 31.12.2010 | |
| - | - | - | ( Rs IN 000) | ( Rs IN 000) | ( Rs IN 000) | (Rs IN 000) | |
| 1 | Premiums earned (Net) | NL-4-Premium Schedule | 169 002 | 256 773 | 36 713 | 131 403 | |
| - | - | - | - | - | - | - | |
| 2 | Profit on sale of Investments (Net) | - | 952 | 3 032 | 822 | 3 495 | |
| - | - | - | - | - | - | - | |
| 3 | Profit/-Loss on Exchange Fluctuation | - | 905 | 446 | - 16 | 746 | |
| - | - | - | - | - | - | - | |
| 4 | Interest, Dividend & Rent - Gross | - | 5 118 | 17 942 | 2 241 | 7 931 | |
| - | TOTAL (A) | - | 175 977 | 278 193 | 39 760 | 143 575 | |
| - | - | - | - | - | - | - | |
| 1 | Claims Incurred (Net) | NL-5-Claims Schedule | 67 426 | 56 067 | 25 402 | 67 664 | |
| - | - | - | - | - | - | - | |
| 2 | Commission (Net) | NL-6-Commission Schedule | 10 035 | 17 811 | 4 486 | 10 187 | |
| - | - | - | - | - | - | - | |
| 3 | Operating Expenses related to Insurance Business | NL-7-Operating Expenses Schedule | 1 812 | 2 238 | 427 | 1 142 | |
| - | - | - | - | - | - | - | |
| 4 | Expenses relating to Investments | - | 14 | 38 | 8 | 18 | |
| - | - | - | - | - | - | - | |
| - | TOTAL--(B) | - | 79 287 | 76 154 | 30 323 | 79 011 | |
| - | Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B) | - | 96 690 | 202 039 | 9 437 | 64 564 | |
| - | APPROPRIATIONS | - | - | - | - | - | |
| - | - | - | - | - | - | - | |
| - | Transfer to Shareholders’ Account | - | 96 690 | 202 039 | 9 437 | 64 564 | |
| - | Transfer to Catastrophe Reserve | - | - | - | - | - | |
| - | Transfer to Other Reserves (to be specified) | - | - | - | - | - | |
| - | TOTAL (C) | - | 96 690 | 202 039 | 9 437 | 64 564 | |
| 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. | |||||||