| Solvency for the period ended 31st December 2010 |
| Required solvency margin based on net premium and net incurred claims |
|
|
(` in Lacs) |
| Item No. |
Description |
PREMIUM |
|
CLAIM |
|
RSM-1 |
RSM-2 |
RSM |
| |
|
Gross Premium |
Net Premium |
Gross incurred claim |
Net incurred Claim |
|
|
|
| 1 |
Fire |
3193 19.52 |
2608 18.18 |
1952 80.77 |
1921 43.05 |
521 63.64 |
576 42.91 |
576 42.91 |
| 2 |
Marine Cargo |
419 90.93 |
385 70.73 |
286 29.70 |
279 69.42 |
77 14.15 |
83 90.83 |
83 90.83 |
| 3 |
Marine Hull |
662 87.36 |
534 27.19 |
641 56.99 |
400 64.80 |
106 85.44 |
120 19.44 |
120 19.44 |
| 4 |
Motor |
2260 22.27 |
2260 21.90 |
1976 59.64 |
1972 21.31 |
452 04.38 |
591 66.39 |
591 66.39 |
| 5 |
Engineering |
757 54.67 |
642 39.14 |
365 83.20 |
317 50.82 |
128 47.83 |
95 25.25 |
128 47.83 |
| 6 |
Aviation |
683 69.24 |
544 95.30 |
514 03.59 |
441 00.60 |
108 99.06 |
132 30.18 |
132 30.18 |
| 7 |
Liabilities |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| 8 |
Others |
2813 14.24 |
2731 68.49 |
1992 46.66 |
1998 02.40 |
546 33.70 |
599 40.72 |
599 40.72 |
| 9 |
Health |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| 10 |
Life |
21 83.59 |
21 82.59 |
9 02.18 |
9 02.18 |
4 36.52 |
2 70.66 |
4 36.52 |
| |
Total |
10812 41.83 |
9729 23.52 |
7738 62.73 |
7339 54.59 |
1945 84.70 |
2201 86.38 |
2236 74.82 |
| - |
RSM1 premium has been
calculated based on 12 month figure i.e. from 01.10.09 to
30.09.10 on rolling basis complying with circular no.
IRDA/F&I/CIR/F&A/076/05/2010 dated 10.05.2010. |
| - |
RSM2 Gross Incurred
Claim and Net Incurred Claim has been calculated complying with circular
no. 045/IRDA/F&A/Mar-06 dated 31.03.2006 and the same for the
period 01.04.10 to 30.09.10 has been multiplied by 2 for arriving at
annual figure. |
| - |
Note: |
- |
- |
- |
- |
- |
- |
- |
| - |
1. Claim and Premium is not
provided separately for Liabilities and Health Insurance as it is
considered as part of Others under Miscellaneous. |
| - |
2. Claim and Premium for Life Insurance has been separately disclosed under item 10. |
- |
- |