| 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 | TWELVE MONTH ENDING 31.03.2013 | 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 | |
| Add: Premium on reinsurance accepted | 40699 240 | 42007 735 | |
| Less : Premium on reinsurance ceded | 8139 611 | 6524 474 | |
| Net Premium | 32559 629 | 35483 261 | |
| Adjustment for change in reserve for unexpired risks | 1853 088 | -3906 924 | |
| Premium Earned (Net) | 34412 717 | 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 | |
| Add: Premium on reinsurance accepted | 41987 919 | 29713 273 | |
| Less : Premium on reinsurance ceded | 0 | 0 | |
| Net Premium | 41987 919 | 29713 273 | |
| Adjustment for change in reserve for unexpired risks | -6031 409 | -3550 133 | |
| Premium Earned (Net) | 35956 510 | 26163 140 | |
| (2) | AVIATION | ||
| Premium from direct business written | 0 | ||
| Service Tax | |||
| Adjustment for change in reserve for unexpired risks | |||
| Gross Earned Premium | 0 | ||
| Add: Premium on reinsurance accepted | 4443 180 | 6206 311 | |
| Less : Premium on reinsurance ceded | 1045 538 | 699 000 | |
| Net Premium | 3397 642 | 5507 311 | |
| Adjustment for change in reserve for unexpired risks | 1094 453 | 1 213 | |
| Premium Earned (Net) | 4492 095 | 5508 524 | |
| (3) | ENGINEERING | ||
| Premium from direct business written | |||
| Service Tax | |||
| Adjustment for change in reserve for unexpired risks | |||
| Gross Earned Premium | 0 | 0 | |
| Add: Premium on reinsurance accepted | 7499 613 | 8081 814 | |
| Less : Premium on reinsurance ceded | 875 037 | 1172 068 | |
| Net Premium | 6624 576 | 6909 746 | |
| Adjustment for change in reserve for unexpired risks | 216 147 | 362 | |
| Premium Earned (Net) | 6840 723 | 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 | |
| Add: Premium on reinsurance accepted | 427 814 | 407 710 | |
| Less : Premium on reinsurance ceded | 0 | 0 | |
| Net Premium | 427 814 | 407 710 | |
| Adjustment for change in reserve for unexpired risks | -9 675 | -101 837 | |
| Premium Earned (Net) | 418 139 | 305 873 | |
| (5) | Liability | ||
| Premium from direct business written | |||
| Service Tax | |||
| Adjustment for change in reserve for unexpired risks | |||
| Gross Earned Premium | 0 | 0 | |
| Add: Premium on reinsurance accepted | 1521 796 | 1833 037 | |
| Less : Premium on reinsurance ceded | 269 668 | 125 501 | |
| Net Premium | 1252 128 | 1707 536 | |
| Adjustment for change in reserve for unexpired risks | 232 580 | -9 721 | |
| Premium Earned (Net) | 1484 708 | 1697 815 | |
| (6) | PA | ||
| Premium from direct business written | |||
| Service Tax | |||
| Adjustment for change in reserve for unexpired risks | |||
| Gross Earned Premium | 0 | 0 | |
| Add: Premium on reinsurance accepted | 5138 553 | 4103 450 | |
| Less : Premium on reinsurance ceded | 15 716 | 19 096 | |
| Net Premium | 5122 837 | 4084 354 | |
| Adjustment for change in reserve for unexpired risks | -518 401 | -632 317 | |
| Premium Earned (Net) | 4604 436 | 3452 037 | |
| (7) | Health | ||
| Premium from direct business written | |||
| Service Tax | |||
| Adjustment for change in reserve for unexpired risks | |||
| Gross Earned Premium | 0 | 0 | |
| Add: Premium on reinsurance accepted | 20676 993 | 17603 628 | |
| Less : Premium on reinsurance ceded | 0 | 0 | |
| Net Premium | 20676 993 | 17603 628 | |
| Adjustment for change in reserve for unexpired risks | -1408 771 | -719 451 | |
| Premium Earned (Net) | 19268 222 | 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 | |
| Add: Premium on reinsurance accepted | 12449 149 | 10248 581 | |
| Less : Premium on reinsurance ceded | 587 796 | 696 800 | |
| Net Premium | 11861 353 | 9551 781 | |
| Adjustment for change in reserve for unexpired risks | -1127 619 | -317 568 | |
| Premium Earned (Net) | 10733 734 | 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 | |
| Add: Premium on reinsurance accepted | 2779 228 | 2507 973 | |
| Less : Premium on reinsurance ceded | 0 | 0 | |
| Net Premium | 2779 228 | 2507 973 | |
| Adjustment for change in reserve for unexpired risks | -135 627 | -471 780 | |
| Premium Earned (Net) | 2643 601 | 2036 193 | |
| TOTAL MISCELLANEOUS | |||
| Premium from direct business written | 0 | 0 | |
| Service Tax | |||
| Adjustment for change in reserve for unexpired risks | |||
| Gross Earned Premium | 0 | 0 | |
| Add: Premium on reinsurance accepted | 96924 245 | 80705 777 | |
| Less : Premium on reinsurance ceded | 2793 755 | 2712 465 | |
| Net Premium | 94130 490 | 77993 312 | |
| Adjustment for change in reserve for unexpired risks | -7688 322 | -5801 232 | |
| Premium Earned (Net) | 86442 168 | 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 | |
| Add: Premium on reinsurance accepted | 4747 395 | 5224 863 | |
| Less : Premium on reinsurance ceded | 378 179 | 195 096 | |
| Net Premium | 4369 216 | 5029 767 | |
| Adjustment for change in reserve for unexpired risks | 737 265 | -1201 667 | |
| Premium Earned (Net) | 5106 481 | 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 | |
| Add: Premium on reinsurance accepted | 7533 159 | 7742 795 | |
| Less : Premium on reinsurance ceded | 1660 718 | 1137 438 | |
| Net Premium | 5872 441 | 6605 357 | |
| Adjustment for change in reserve for unexpired risks | 892 913 | -1451 685 | |
| Premium Earned (Net) | 6765 354 | 5153 672 | |
| TOTAL MARINE | |||
| Premium from direct business written | |||
| Service Tax | |||
| Adjustment for change in reserve for unexpired risks | |||
| Gross Earned Premium | 0 | 0 | |
| Add: Premium on reinsurance accepted | 12280 554 | 12967 658 | |
| Less : Premium on reinsurance ceded | 2038 897 | 1332 534 | |
| Net Premium | 10241 657 | 11635 124 | |
| Adjustment for change in reserve for unexpired risks | 1630 178 | -2653 352 | |
| Premium Earned (Net) | 11871 835 | 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 | |
| Add: Premium on reinsurance accepted | 954 699 | 498 298 | |
| Less : Premium on reinsurance ceded | 174 148 | 27 567 | |
| Net Premium | 780 551 | 470 731 | |
| Adjustment for change in reserve for unexpired risks | -289 406 | -63 625 | |
| Premium Earned (Net) | 491 145 | 407 106 | |
| E | TOTAL ALL CLASSES | ||
| Premium from direct business written | 0 | 0 | |
| Service Tax | |||
| Adjustment for change in reserve for unexpired risks | |||
| Gross Earned Premium | 0 | 0 | |
| Add: Premium on reinsurance accepted | 150858 738 | 136179 468 | |
| Less : Premium on reinsurance ceded | 13146 411 | 10597 040 | |
| Net Premium | 137712 327 | 125582 428 | |
| Adjustment for change in reserve for unexpired risks | -4494 462 | -12425 133 | |
| Premium Earned (Net) | 133217 865 | 113157 295 | |