FORM NL-5 - CLAIMS SCHEDULE
Name of the Insurer:  GENERAL INSURANCE CORPORATION OF INDIA
CLAIMS INCURRED [NET]
FOR THE PERIOD ENDED 30.06.2012
.	.	.	.	.	(Rs '000)	.
.	PARTICULARS	FOR THE QUARTER	THREE MONTH ENDING 30.06.2012	FOR THE QUARTER OF THE PRECEDING YEAR	THREE MONTH ENDING 30.06.2011	.
A	FIRE INSURANCE	.	.	.	.	.
	Claims paid	.	.	.		.
	Direct claims	.	.	.		.
	Add Claims Outstanding at the end of the year	.	.	.		.
	Less Claims Outstanding at the beginning of the year	.	.	.		.
	Gross Incurred Claims	.	.	.		.
	Add   :Re-insurance accepted to direct claims	.	6962 355	.	3824 076	.
	Less :Re-insurance Ceded to claims paid		161 834		38 159	.
	Net Claims Paid	.	6800 521	.	3785 917	.
	Add : Claims Outstanding at the end of the year	.	65827 223	.	38109 986	.
	Less: Claims Outstanding at the beginning of the year	.	64612 978	.	34311 102	.
	Total Claims Incurred		8014 766		7584 801	.
Notes:						.
a)      Incurred But Not Reported (IBNR), Incurred but not enough reported [IBNER] claims should be included in the amount for outstanding claims.						.
b)      Claims includes specific claims settlement cost but not expenses of management						.
c)       The surveyor fees, legal and other expenses shall also form part of claims cost.						.
d)      Claims cost should be adjusted for estimated salvage value if there is a sufficient certainty of its realisation.						.
B	MISCELLANEOUS INSURANCE	.	.	.	.	.
(1)	MOTOR					.
	Claims paid	.	.	.		.
	Direct claims	.	.	.		.
	Add Claims Outstanding at the end of the year	.	.	.		.
	Less Claims Outstanding at the beginning of the year	.	.	.		.
	Gross Incurred Claims	.	.	.		.
	Add   :Re-insurance accepted to direct claims	.	8471 756	.	4711 861	.
	Less :Re-insurance Ceded to claims paid		0		0	.
	Net Claims Paid	.	8471 756	.	4711 861	.
	Add : Claims Outstanding at the end of the year	.	50054 434	.	41189 117	.
	Less: Claims Outstanding at the beginning of the year	.	48480 865	.	40251 416	.
	Total Claims Incurred		10045 325		5649 562	.
(2)	AVIATION	.	.	.	.	.
	Claims paid					.
	Direct claims	.	.	.		.
	Add Claims Outstanding at the end of the year	.	.	.		.
	Less Claims Outstanding at the beginning of the year	.	.	.		.
	Gross Incurred Claims	.	83	.	0	.
	Add   :Re-insurance accepted to direct claims	.	689 840	.	456 537	.
	Less :Re-insurance Ceded to claims paid		161 143		8 189	.
	Net Claims Paid	.	528 780	.	448 348	.
	Add : Claims Outstanding at the end of the year	.	7060 022	.	6144 000	.
	Less: Claims Outstanding at the beginning of the year	.	6971 868	.	5332 747	.
	Total Claims Incurred		616 934		1259 601	.
(3)	ENGINEERING	.	.	.	.	.
	Claims paid					.
	Direct claims	.	.	.		.
	Add Claims Outstanding at the end of the year	.	.	.		.
	Less Claims Outstanding at the beginning of the year	.	.	.		.
	Gross Incurred Claims	.	.	.		.
	Add   :Re-insurance accepted to direct claims	.	1050 772	.	436 573	.
	Less :Re-insurance Ceded to claims paid		56 278		-2 511	.
	Net Claims Paid	.	994 494	.	439 084	.
	Add : Claims Outstanding at the end of the year	.	9472 700	.	6878 860	.
	Less: Claims Outstanding at the beginning of the year	.	9071 131	.	6620 777	.
	Total Claims Incurred		1396 063		697 167	.
(4)	WC	.	.	.	.	.
	Claims paid					.
	Direct claims	.	.	.		.
	Add Claims Outstanding at the end of the year	.	.	.		.
	Less Claims Outstanding at the beginning of the year	.	.	.		.
	Gross Incurred Claims	.	.	.		.
	Add   :Re-insurance accepted to direct claims	.	20 074	.	28 236	.
	Less :Re-insurance Ceded to claims paid		0		0	.
	Net Claims Paid	.	20 074	.	28 236	.
	Add : Claims Outstanding at the end of the year	.	223 002	.	112 488	.
	Less: Claims Outstanding at the beginning of the year	.	210 407	.	100 366	.
	Total Claims Incurred		32 669		40 358	.
(5)	Liability	.	.	.	.	.
	Claims paid					.
	Direct claims	.	.	.		.
	Add Claims Outstanding at the end of the year	.	.	.		.
	Less Claims Outstanding at the beginning of the year	.	.	.		.
	Gross Incurred Claims	.	.	.		.
	Add   :Re-insurance accepted to direct claims	.	229 037	.	27 999	.
	Less :Re-insurance Ceded to claims paid		390 878		0	.
	Net Claims Paid	.	-161 841	.	27 999	.
	Add : Claims Outstanding at the end of the year	.	1078 771	.	557 207	.
	Less: Claims Outstanding at the beginning of the year	.	974 245	.	636 110	.
	Total Claims Incurred		-57 315		-50 904	.
(6)	PA	.	.	.	.	.
	Claims paid					.
	Direct claims	.	.	.		.
	Add Claims Outstanding at the end of the year	.	.	.		.
	Less Claims Outstanding at the beginning of the year	.	.	.		.
	Gross Incurred Claims	.	.	.		.
	Add   :Re-insurance accepted to direct claims	.	575 699	.	391 589	.
	Less :Re-insurance Ceded to claims paid		0		0	.
	Net Claims Paid	.	575 699	.	391 589	.
	Add : Claims Outstanding at the end of the year	.	752 557	.	550 637	.
	Less: Claims Outstanding at the beginning of the year	.	514 464	.	651 469	.
	Total Claims Incurred		813 792		290 757	.
(7)	Health	.	.	.	.	.
	Claims paid					.
	Direct claims	.	.	.		.
	Add Claims Outstanding at the end of the year	.	.	.		.
	Less Claims Outstanding at the beginning of the year	.	.	.		.
	Gross Incurred Claims	.	.	.		.
	Add   :Re-insurance accepted to direct claims	.	4002 619	.	3029 849	.
	Less :Re-insurance Ceded to claims paid		0		0	.
	Net Claims Paid	.	4002 619	.	3029 849	.
	Add : Claims Outstanding at the end of the year	.	5484 596	.	1870 828	.
	Less: Claims Outstanding at the beginning of the year	.	6133 249	.	1968 987	.
	Total Claims Incurred		3353 966		2931 690	.
(8)	Oth. Misc.	.	.	.	.	.
	Claims paid					.
	Direct claims	.	.	.		.
	Add Claims Outstanding at the end of the year	.	.	.		.
	Less Claims Outstanding at the beginning of the year	.	.	.		.
	Gross Incurred Claims	.	.	.		.
	Add   :Re-insurance accepted to direct claims	.	2420 190	.	1160 348	.
	Less :Re-insurance Ceded to claims paid		6 607		- 113	.
	Net Claims Paid	.	2413 583	.	1160 461	.
	Add : Claims Outstanding at the end of the year	.	12712 970	.	5795 028	.
	Less: Claims Outstanding at the beginning of the year	.	12546 077	.	6537 537	.
	Total Claims Incurred		2580 476		417 952	.
(9)	FL/Credit	.	.	.	.	.
	Claims paid					.
	Direct claims	.	.	.		.
	Add Claims Outstanding at the end of the year	.	.	.		.
	Less Claims Outstanding at the beginning of the year	.	.	.		.
	Gross Incurred Claims	.	.	.		.
	Add   :Re-insurance accepted to direct claims	.	208 848	.	279 948	.
	Less :Re-insurance Ceded to claims paid		0		0	.
	Net Claims Paid	.	208 848	.	279 948	.
	Add : Claims Outstanding at the end of the year	.	2469 605	.	3180 534	.
	Less: Claims Outstanding at the beginning of the year	.	2583 139	.	2869 514	.
	Total Claims Incurred		95 314		590 968	.
	TOTAL  MISCELLANEOUS	.	.	.	.	.
	Claims paid					.
	Direct claims	.	.	.		.
	Add Claims Outstanding at the end of the year	.	.	.		.
	Less Claims Outstanding at the beginning of the year	.	.	.		.
	Gross Incurred Claims	.	83	.	0	.
	Add   :Re-insurance accepted to direct claims	.	17668 835	.	10522 940	.
	Less :Re-insurance Ceded to claims paid		614 906		5 565	.
	Net Claims Paid	.	17054 012	.	10517 375	.
	Add : Claims Outstanding at the end of the year	.	89308 657	.	66278 699	.
	Less: Claims Outstanding at the beginning of the year	.	87485 445	.	64968 923	.
	Total Claims Incurred		18877 224		11827 151	.
C	MARINE INSURANCE	.	.	.	.	.
(1)	MARINE CARGO	.	.	.	.	.
	Claims paid					.
	Direct claims	.	.	.		.
	Add Claims Outstanding at the end of the year	.	.	.		.
	Less Claims Outstanding at the beginning of the year	.	.	.		.
	Gross Incurred Claims	.	.	.		.
	Add   :Re-insurance accepted to direct claims	.	770 018	.	500 224	.
	Less :Re-insurance Ceded to claims paid		-1 653		0	.
	Net Claims Paid	.	771 671	.	500 224	.
	Add : Claims Outstanding at the end of the year	.	5133 547	.	4264 249	.
	Less: Claims Outstanding at the beginning of the year	.	4999 539	.	4006 594	.
	Total Claims Incurred		905 679		757 879	.
(2)	MARINE HULL	.	.	.	.	.
	Claims paid					.
	Direct claims	.	.	.		.
	Add Claims Outstanding at the end of the year	.	.	.		.
	Less Claims Outstanding at the beginning of the year	.	.	.		.
	Gross Incurred Claims	.	.	.		.
	Add   :Re-insurance accepted to direct claims	.	1352 418	.	786 469	.
	Less :Re-insurance Ceded to claims paid		350 157		116 565	.
	Net Claims Paid	.	1002 261	.	669 904	.
	Add : Claims Outstanding at the end of the year	.	10438 171	.	5054 054	.
	Less: Claims Outstanding at the beginning of the year	.	9460 899	.	4881 945	.
	Total Claims Incurred		1979 533		842 013	.
	TOTAL MARINE	.	.	.	.	.
	Claims paid					.
	Direct claims	.	.	.		.
	Add Claims Outstanding at the end of the year	.	.	.		.
	Less Claims Outstanding at the beginning of the year	.	.	.		.
	Gross Incurred Claims	.	.	.		.
	Add   :Re-insurance accepted to direct claims	.	2122 436	.	1286 693	.
	Less :Re-insurance Ceded to claims paid		348 504		116 565	.
	Net Claims Paid	.	1773 932	.	1170 128	.
	Add : Claims Outstanding at the end of the year	.	15571 718	.	9318 303	.
	Less: Claims Outstanding at the beginning of the year	.	14460 438	.	8888 539	.
	Total Claims Incurred		2885 212		1599 892	.
D	LIFE INSURANCE	.	.	.	.	.
	Claims paid					.
	Direct claims	.	.	.		.
	Add Claims Outstanding at the end of the year	.	.	.		.
	Less Claims Outstanding at the beginning of the year	.	.	.		.
	Gross Incurred Claims	.	.	.		.
	Add   :Re-insurance accepted to direct claims	.	80 626	.	49 746	.
	Less :Re-insurance Ceded to claims paid		0		0	.
	Net Claims Paid	.	80 626	.	49 746	.
	Add : Claims Outstanding at the end of the year	.	188 289	.	51 096	.
	Less: Claims Outstanding at the beginning of the year	.	111 158	.	158 475	.
	Total Claims Incurred		157 757		-57 633	.
E	TOTAL ALL CLASSES	.	.	.	.	.
	Claims paid					.
	Direct claims	.	.	.		.
	Add Claims Outstanding at the end of the year	.	.	.		.
	Less Claims Outstanding at the beginning of the year	.	.	.		.
	Gross Incurred Claims	.	83	.	0	.
	Add   :Re-insurance accepted to direct claims	.	26834 252	.	15683 455	.
	Less :Re-insurance Ceded to claims paid		1125 244		160 289	.
	Net Claims Paid	.	25709 091	.	15523 166	.
	Add : Claims Outstanding at the end of the year	.	170895 887	.	113758 084	.
	Less: Claims Outstanding at the beginning of the year	.	166670 019	.	108327 039	.
	Total Claims Incurred		29934 959		20954 211	.