| 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 31.03.2012 | ||||
| FIRE INSURANCE BUSINESS | ||||
| PARTICULARS | SCHEDULE | TWELVE MONTH ENDING 31.03.2012 | TWELVE MONTH ENDING 31.03.2011 | |
| (Rs. IN 000) | (Rs. IN 000) | |||
| 1 | Premiums earned (Net) | NL-4-Premium Schedule | 31576 337 | 27373 264 |
| 2 | Profit on sale of Investments (Net) | - | 724 455 | 1285 365 |
| 3 | Profit/-Loss on Exchange Fluctuation | - | 2 218 | -117 150 |
| 4 | Interest, Dividend & Rent - Gross | - | 3480 854 | 2702 189 |
| TOTAL (A) | - | 35783 864 | 31243 668 | |
| - | - | - | - | - |
| 1 | Claims Incurred (Net) | NL-5-Claims Schedule | 52303 961 | 22004 887 |
| 2 | Commission (Net) | NL-6-Commission Schedule | 7176 222 | 6509 120 |
| 3 | Operating Expenses related to Insurance Business | NL-7-Operating Expenses Schedule | 350 648 | 251 916 |
| 4 | Expenses relating to Investments | - | 8 403 | 8 300 |
| - | TOTAL (B) | - | 59839 234 | 28774 223 |
| - | Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B) | - | -24055 370 | 2469 445 |
| APPROPRIATIONS | - | - | - | |
| - | Transfer to Shareholders’ Account | - | -24055 370 | 2469 445 |
| - | Transfer to Catastrophe Reserve | - | - | - |
| - | Transfer to Other Reserves (to be specified) | - | - | - |
| - | TOTAL (C) | - | -24055 370 | 2469 445 |
| 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 | TWELVE MONTH ENDING 31.03.2012 | TWELVE MONTH ENDING 31.03.2011 | |
| (Rs. IN 000) | (Rs. IN 000) | |||
| 1 | Premiums earned (Net) | NL-4-Premium Schedule | 72192 080 | 60139 643 |
| 2 | Profit on sale of Investments (Net) | - | 1450 664 | 2515 593 |
| 3 | Profit/-Loss on Exchange Fluctuation | - | 82 414 | -98 418 |
| 4 | Interest, Dividend & Rent - Gross | - | 6970 140 | 5288 466 |
| TOTAL (A) | - | 80695 298 | 67845 284 | |
| - | - | - | - | - |
| 1 | Claims Incurred (Net) | NL-5-Claims Schedule | 74741 586 | 58636 096 |
| 2 | Commission (Net) | NL-6-Commission Schedule | 10934 501 | 10675 387 |
| 3 | Operating Expenses related to Insurance Business | NL-7-Operating Expenses Schedule | 602 158 | 454 516 |
| 4 | Expenses relating to Investments | - | 16 827 | 16 244 |
| 5 | Premium Deficiency | - | 1414 674 | - |
| TOTAL (B) | - | 87709 746 | 69782 243 | |
| - | Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B) | - | -7014 448 | -1936 959 |
| APPROPRIATIONS | ||||
| - | Transfer to Shareholders’ Account | - | -7014 448 | -1936 959 |
| - | Transfer to Catastrophe Reserve | - | - | - |
| - | Transfer to Other Reserves (to be specified) | - | - | - |
| - | TOTAL (C) | - | -7014 448 | -1936 959 |
| 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 | TWELVE MONTH ENDING 31.03.2012 | TWELVE MONTH ENDING 31.03.2011 | |
| (Rs. IN 000) | (Rs. IN 000) | |||
| 1 | Premiums earned (Net) | NL-4-Premium Schedule | 8981 772 | 7685 571 |
| 2 | Profit on sale of Investments (Net) | - | 266 124 | 513 328 |
| 3 | Profit/-Loss on Exchange Fluctuation | - | 24 218 | 10 310 |
| 4 | Interest, Dividend & Rent - Gross | - | 1278 670 | 1079 155 |
| TOTAL (A) | - | 10550 784 | 9288 364 | |
| - | - | - | - | - |
| 1 | Claims Incurred (Net) | NL-5-Claims Schedule | 12643 110 | 5437 852 |
| 2 | Commission (Net) | NL-6-Commission Schedule | 2531 111 | 2042 160 |
| 3 | Operating Expenses related to Insurance Business | NL-7-Operating Expenses Schedule | 74 181 | 51 704 |
| 4 | Expenses relating to Investments | - | 3 087 | 3 315 |
| TOTAL (B) | - | 15251 489 | 7535 031 | |
| - | Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B) | - | -4700 705 | 1753 333 |
| - | APPROPRIATIONS | |||
| - | Transfer to Shareholders’ Account | - | 15251 489 | 7535 031 |
| - | Transfer to Catastrophe Reserve | - | - | - |
| - | Transfer to Other Reserves (to be specified) | - | - | - |
| TOTAL (C) | - | 15251 489 | 7535 031 | |
| 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 | TWELVE MONTH ENDING 31.03.2012 | TWELVE MONTH ENDING 31.03.2011 | |
| - | - | - | (Rs. IN 000) | (Rs. IN 000) |
| 1 | Premiums earned (Net) | NL-4-Premium Schedule | 407 106 | 241 866 |
| 2 | Profit on sale of Investments (Net) | - | 4 855 | 4 842 |
| 3 | Profit/-Loss on Exchange Fluctuation | - | -2 363 | 1 202 |
| 4 | Interest, Dividend & Rent - Gross | - | 23 328 | 10 180 |
| TOTAL (A) | - | 432 926 | 258 090 | |
| - | - | - | - | - |
| 1 | Claims Incurred (Net) | NL-5-Claims Schedule | 175 423 | 178 944 |
| 2 | Commission (Net) | NL-6-Commission Schedule | 24 484 | 36 826 |
| 3 | Operating Expenses related to Insurance Business | NL-7-Operating Expenses Schedule | 3 521 | 2 143 |
| 4 | Expenses relating to Investments | - | 56 | 31 |
| TOTAL (B) | - | 203 484 | 217 944 | |
| - | Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B) | - | 229 442 | 40 146 |
| APPROPRIATIONS | ||||
| - | Transfer to Shareholders’ Account | - | 3 521 | 2 143 |
| - | Transfer to Catastrophe Reserve | - | - | - |
| - | Transfer to Other Reserves (to be specified) | - | - | - |
| - | TOTAL (C) | - | 3 521 | 2 143 |
| 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. | ||||