| FORM NL-4-PREMIUM SCHEDULE | |||||
| Name of the Insurer: GENERAL INSURANCE CORPORATION OF INDIA | |||||
| PREMIUM EARNED [NET] | |||||
| FOR THE PERIOD ENDED 31.03.2013 | |||||
| A | FIRE INSURANCE | (` '000) | |||
| PARTICULARS | FOR THE QUARTER | TWELVE MONTH ENDING 31.03.2013 | FOR THE QUARTER OF THE PRECEDING YEAR | TWELVE MONTH ENDING 31.03.2012 | |
| Premium from direct business written | |||||
| Service Tax | |||||
| Adjustment for change in reserve for unexpired risks | |||||
| Gross Earned Premium | 0 | 0 | 0 | 0 | |
| Add: Premium on reinsurance accepted | 9782 643 | 40699 240 | 12519 647 | 42007 735 | |
| Less : Premium on reinsurance ceded | 710 648 | 8139 611 | 648 981 | 6524 474 | |
| Net Premium | 9071 995 | 32559 629 | 11870 666 | 35483 261 | |
| Adjustment for change in reserve for unexpired risks | 459 888 | 1853 088 | -2148 012 | -3906 924 | |
| Premium Earned (Net) | 9531 883 | 34412 717 | 9722 654 | 31576 337 | |
| B | MISCELLANEOUS INSURANCE | ||||
| (1) | MOTOR | ||||
| Premium from direct business written | |||||
| Service Tax | |||||
| Adjustment for change in reserve for unexpired risks | |||||
| Gross Earned Premium | 0 | 0 | 0 | 0 | |
| Add: Premium on reinsurance accepted | 14223 614 | 41987 919 | 7916 580 | 29713 273 | |
| Less : Premium on reinsurance ceded | 0 | 0 | 0 | 0 | |
| Net Premium | 14223 614 | 41987 919 | 7916 580 | 29713 273 | |
| Adjustment for change in reserve for unexpired risks | -3108 711 | -6031 409 | -594 261 | -3550 133 | |
| Premium Earned (Net) | 11114 903 | 35956 510 | 7322 319 | 26163 140 | |
| (2) | AVIATION | ||||
| Premium from direct business written | 0 | 0 | 0 | ||
| Service Tax | |||||
| Adjustment for change in reserve for unexpired risks | |||||
| Gross Earned Premium | 0 | 0 | |||
| Add: Premium on reinsurance accepted | 1349 614 | 4443 180 | 870 807 | 6206 311 | |
| Less : Premium on reinsurance ceded | 208 727 | 1045 538 | -504 926 | 699 000 | |
| Net Premium | 1140 887 | 3397 642 | 1375 733 | 5507 311 | |
| Adjustment for change in reserve for unexpired risks | 199 114 | 1094 453 | 16 708 | 1 213 | |
| Premium Earned (Net) | 1340 001 | 4492 095 | 1392 441 | 5508 524 | |
| (3) | ENGINEERING | ||||
| Premium from direct business written | |||||
| Service Tax | |||||
| Adjustment for change in reserve for unexpired risks | |||||
| Gross Earned Premium | 0 | 0 | 0 | 0 | |
| Add: Premium on reinsurance accepted | 1778 842 | 7499 613 | 2365 401 | 8081 814 | |
| Less : Premium on reinsurance ceded | 32 273 | 875 037 | 244 664 | 1172 068 | |
| Net Premium | 1746 569 | 6624 576 | 2120 737 | 6909 746 | |
| Adjustment for change in reserve for unexpired risks | 196 178 | 216 147 | 142 195 | 362 | |
| Premium Earned (Net) | 1942 747 | 6840 723 | 2262 932 | 6910 108 | |
| (4) | W.C. | ||||
| Premium from direct business written | |||||
| Service Tax | |||||
| Adjustment for change in reserve for unexpired risks | |||||
| Gross Earned Premium | 0 | 0 | 0 | 0 | |
| Add: Premium on reinsurance accepted | 130 325 | 427 814 | 149 510 | 407 710 | |
| Less : Premium on reinsurance ceded | 0 | 0 | 0 | 0 | |
| Net Premium | 130 325 | 427 814 | 149 510 | 407 710 | |
| Adjustment for change in reserve for unexpired risks | 9 519 | -9 675 | -61 557 | -101 837 | |
| Premium Earned (Net) | 139 844 | 418 139 | 87 953 | 305 873 | |
| (5) | Liability | ||||
| Premium from direct business written | |||||
| Service Tax | |||||
| Adjustment for change in reserve for unexpired risks | |||||
| Gross Earned Premium | 0 | 0 | 0 | 0 | |
| Add: Premium on reinsurance accepted | -55 253 | 1521 796 | 381 873 | 1833 037 | |
| Less : Premium on reinsurance ceded | 3 840 | 269 668 | 0 | 125 501 | |
| Net Premium | -59 093 | 1252 128 | 381 873 | 1707 536 | |
| Adjustment for change in reserve for unexpired risks | 221 783 | 232 580 | 43 594 | -9 721 | |
| Premium Earned (Net) | 162 690 | 1484 708 | 425 467 | 1697 815 | |
| (6) | PA | ||||
| Premium from direct business written | |||||
| Service Tax | |||||
| Adjustment for change in reserve for unexpired risks | |||||
| Gross Earned Premium | 0 | 0 | 0 | 0 | |
| Add: Premium on reinsurance accepted | 1570 728 | 5138 553 | 1071 988 | 4103 450 | |
| Less : Premium on reinsurance ceded | 0 | 15 716 | 0 | 19 096 | |
| Net Premium | 1570 728 | 5122 837 | 1071 988 | 4084 354 | |
| Adjustment for change in reserve for unexpired risks | -248 878 | -518 401 | -304 165 | -632 317 | |
| Premium Earned (Net) | 1321 850 | 4604 436 | 767 823 | 3452 037 | |
| (7) | Health | ||||
| Premium from direct business written | |||||
| Service Tax | |||||
| Adjustment for change in reserve for unexpired risks | |||||
| Gross Earned Premium | 0 | 0 | 0 | 0 | |
| Add: Premium on reinsurance accepted | 12278 380 | 20676 993 | 9286 516 | 17603 628 | |
| Less : Premium on reinsurance ceded | -473 054 | 0 | -686 817 | 0 | |
| Net Premium | 12751 434 | 20676 993 | 9973 333 | 17603 628 | |
| Adjustment for change in reserve for unexpired risks | -1277 554 | -1408 771 | 612 367 | -719 451 | |
| Premium Earned (Net) | 11473 880 | 19268 222 | 10585 700 | 16884 177 | |
| (8) | Oth. Misc. | ||||
| Premium from direct business written | |||||
| Service Tax | |||||
| Adjustment for change in reserve for unexpired risks | |||||
| Gross Earned Premium | 0 | 0 | 0 | 0 | |
| Add: Premium on reinsurance accepted | 10422 479 | 12449 149 | 8353 233 | 10248 581 | |
| Less : Premium on reinsurance ceded | 587 796 | 587 796 | 696 800 | 696 800 | |
| Net Premium | 9834 683 | 11861 353 | 7656 433 | 9551 781 | |
| Adjustment for change in reserve for unexpired risks | -1061 948 | -1127 619 | 145 290 | -317 568 | |
| Premium Earned (Net) | 8772 735 | 10733 734 | 7801 723 | 9234 213 | |
| (9) | FL/Credit | ||||
| Premium from direct business written | |||||
| Service Tax | |||||
| Adjustment for change in reserve for unexpired risks | |||||
| Gross Earned Premium | 0 | 0 | 0 | 0 | |
| Add: Premium on reinsurance accepted | 752 558 | 2779 228 | 612 625 | 2507 973 | |
| Less : Premium on reinsurance ceded | 0 | 0 | 0 | 0 | |
| Net Premium | 752 558 | 2779 228 | 612 625 | 2507 973 | |
| Adjustment for change in reserve for unexpired risks | -69 956 | -135 627 | -8 922 | -471 780 | |
| Premium Earned (Net) | 682 602 | 2643 601 | 603 703 | 2036 193 | |
| TOTAL MISCELLANEOUS | |||||
| Premium from direct business written | 0 | 0 | 0 | 0 | |
| Service Tax | |||||
| Adjustment for change in reserve for unexpired risks | |||||
| Gross Earned Premium | 0 | 0 | 0 | 0 | |
| Add: Premium on reinsurance accepted | 42451 287 | 96924 245 | 31008 533 | 80705 777 | |
| Less : Premium on reinsurance ceded | 359 582 | 2793 755 | -250 279 | 2712 465 | |
| Net Premium | 42091 705 | 94130 490 | 31258 812 | 77993 312 | |
| Adjustment for change in reserve for unexpired risks | -5140 453 | -7688 322 | -8 751 | -5801 232 | |
| Premium Earned (Net) | 36951 252 | 86442 168 | 31250 061 | 72192 080 | |
| C | MARINE INSURANCE | ||||
| (1) | MARINE CARGO | ||||
| Premium from direct business written | |||||
| Service Tax | |||||
| Adjustment for change in reserve for unexpired risks | |||||
| Gross Earned Premium | 0 | 0 | 0 | 0 | |
| Add: Premium on reinsurance accepted | 780 957 | 4747 395 | 1346 460 | 5224 863 | |
| Less : Premium on reinsurance ceded | 131 190 | 378 179 | 47 041 | 195 096 | |
| Net Premium | 649 767 | 4369 216 | 1299 419 | 5029 767 | |
| Adjustment for change in reserve for unexpired risks | 669 452 | 737 265 | -222 335 | -1201 667 | |
| Premium Earned (Net) | 1319 219 | 5106 481 | 1077 084 | 3828 100 | |
| (2) | MARINE HULL | ||||
| Premium from direct business written | |||||
| Service Tax | |||||
| Adjustment for change in reserve for unexpired risks | |||||
| Gross Earned Premium | 0 | 0 | 0 | 0 | |
| Add: Premium on reinsurance accepted | 1906 682 | 7533 159 | 2597 830 | 7742 795 | |
| Less : Premium on reinsurance ceded | 446 726 | 1660 718 | 218 289 | 1137 438 | |
| Net Premium | 1459 956 | 5872 441 | 2379 541 | 6605 357 | |
| Adjustment for change in reserve for unexpired risks | 949 718 | 892 913 | -1085 118 | -1451 685 | |
| Premium Earned (Net) | 2409 674 | 6765 354 | 1294 423 | 5153 672 | |
| TOTAL MARINE | |||||
| Premium from direct business written | |||||
| Service Tax | |||||
| Adjustment for change in reserve for unexpired risks | |||||
| Gross Earned Premium | 0 | 0 | 0 | 0 | |
| Add: Premium on reinsurance accepted | 2687 639 | 12280 554 | 3944 290 | 12967 658 | |
| Less : Premium on reinsurance ceded | 577 916 | 2038 897 | 265 330 | 1332 534 | |
| Net Premium | 2109 723 | 10241 657 | 3678 960 | 11635 124 | |
| Adjustment for change in reserve for unexpired risks | 1619 170 | 1630 178 | -1307 453 | -2653 352 | |
| Premium Earned (Net) | 3728 893 | 11871 835 | 2371 507 | 8981 772 | |
| D | LIFE INSURANCE | ||||
| Premium from direct business written | |||||
| Service Tax | |||||
| Adjustment for change in reserve for unexpired risks | |||||
| Gross Earned Premium | 0 | 0 | 0 | 0 | |
| Add: Premium on reinsurance accepted | 377 468 | 954 699 | 149 272 | 498 298 | |
| Less : Premium on reinsurance ceded | 54 924 | 174 148 | 21 680 | 27 567 | |
| Net Premium | 322 544 | 780 551 | 127 592 | 470 731 | |
| Adjustment for change in reserve for unexpired risks | -231 972 | -289 406 | 22 741 | -63 625 | |
| Premium Earned (Net) | 90 572 | 491 145 | 150 333 | 407 106 | |
| E | TOTAL ALL CLASSES | ||||
| Premium from direct business written | 0 | 0 | 0 | 0 | |
| Service Tax | |||||
| Adjustment for change in reserve for unexpired risks | |||||
| Gross Earned Premium | 0 | 0 | 0 | 0 | |
| Add: Premium on reinsurance accepted | 55299 037 | 150858 738 | 47621 742 | 136179 468 | |
| Less : Premium on reinsurance ceded | 1703 070 | 13146 411 | 685 712 | 10597 040 | |
| Net Premium | 53595 967 | 137712 327 | 46936 030 | 125582 428 | |
| Adjustment for change in reserve for unexpired risks | -3293 367 | -4494 462 | -3441 475 | -12425 133 | |
| Premium Earned (Net) | 50302 600 | 133217 865 | 43494 555 | 113157 295 | |