| FORM NL-31: Related Party Transactions | |||||||
|---|---|---|---|---|---|---|---|
| Insurer: | GIC Re | Date: | .31.03.2013 | . | . | . | |
| . | . | (Rs in Lakhs) | . | . | . | . | . |
| Related Party Transactions | |||||||
| Sl.No. | Name of the Related Party | Nature of Relationship with the Company | Description of Transactions / Categories | Consideration paid / received* | |||
| 2012-13 | 2011-12 | ||||||
| 1 | Kenindia Assuarnce Company | Associate Company | Net Premiun - Net commission - Net Claims | 366752 | -197914 | ||
| 2 | India International Pte LTD. | Associate Company | Net Premiun - Net commission - Net Claims | -113616 | 313285 | ||
| 3 | Agricultural Insurance Company of India Ltd | Associate Company | Net Premiun - Net commission - Net Claims | 1464020 | 1447814 | ||
| 4 | East Africa Re | Associate Company | Net Premiun - Net commission - Net Claims | 10743 | 2957 | ||
| 5 | Asian Reinsurance Corporation | Associate Company | Net Premiun - Net commission - Net Claims | -921105 | -6556 | ||
| . | . | . | . | .. | . | . | |
| *including the premium flow through Associates/ Group companies as an agent | .. | . | . | ||||
| (-) indicates amount payable by GIC | . | . | |||||