| FORM NL-31: Related Party Transactions | |||||||
| Insurer: | GIC Re | Date: 31.03.2013 | . | . | |||
| . | . | (Rs in Thousand) | . | . | . | . | . |
| Related Party Transactions | |||||||
| Sl.No. | Name of the Related Party | Nature of Relationship with the Company | Description of Transactions / Categories | Consideration paid / received* | |||
| For the quarter 31.03.2013 | Up to the Quarter 31.03.2013 | Corresponding quarter of the preceding year 31.03.2012 | Up to the Quarter of the preceding year 31.03.2012 | ||||
| 1 | Kenindia Assurance Company | Associate Company | Net Premiun - Net commission - Net Claims | 23,348 | 366,752 | -359,091 | -197,914 |
| 2 | India International Pte LTD. | Associate Company | Net Premiun - Net commission - Net Claims | -122,756 | -113,616 | -84,177 | 313,285 |
| 3 | Agricultural Insurance Company of India Ltd | Associate Company | Net Premiun - Net commission - Net Claims | 1,319,892 | 1,464,020 | 455,881 | 1,447,814 |
| 4 | East Africa Re | Associate Company | Net Premiun - Net commission - Net Claims | 3,947 | 10,743 | 2,995 | 2,957 |
| 5 | Asian Reinsurance Corporation | Associate Company | Net Premiun - Net commission - Net Claims | -310,376 | -921,105 | -4,358 | -6,556 |
| (-) indicates amount payable by GIC | |||||||
| *including the premium flow through Associates/Group companies as an agent | |||||||