| FORM NL-4-PREMIUM SCHEDULE | |||||
|---|---|---|---|---|---|
| Name of the Insurer: GENERAL INSURANCE CORPORATION OF INDIA | |||||
| PREMIUM EARNED [NET] | |||||
| FOR THE PERIOD ENDED 30.09.2013 | |||||
| A | FIRE INSURANCE | (` '000) | |||
| PARTICULARS | FOR THE QUARTER | SIX MONTH ENDING 30.09.2013 | FOR THE QUARTER OF THE PRECEDING YEAR | SIX MONTH ENDING 30.09.2012 | |
| 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 | 11659 755 | 24463 173 | 11123 407 | 20681 916 | |
| Less : Premium on reinsurance ceded | 3411 336 | 4967 289 | 2873 232 | 3799 013 | |
| Net Premium | 8248 419 | 19495 884 | 8250 175 | 16882 903 | |
| Adjustment for change in reserve for unexpired risks | 463 829 | -95 201 | 243 469 | 484 243 | |
| Premium Earned (Net) | 8712 248 | 19400 683 | 8493 644 | 17367 146 | |
| 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 | 9362 175 | 14792 486 | 9291 818 | 19290 133 | |
| Less : Premium on reinsurance ceded | 0 | 0 | 0 | 0 | |
| Net Premium | 9362 175 | 14792 486 | 9291 818 | 19290 133 | |
| Adjustment for change in reserve for unexpired risks | -53 928 | 2202 004 | -1050 228 | -2795 391 | |
| Premium Earned (Net) | 9308 247 | 16994 490 | 8241 590 | 16494 742 | |
| (2) | AVIATION | ||||
| Premium from direct business written | 0 | -2 552 | 0 | ||
| Service Tax | |||||
| Adjustment for change in reserve for unexpired risks | |||||
| Gross Earned Premium | 0 | 0 | |||
| Add: Premium on reinsurance accepted | 1098 781 | 1956 091 | 494 324 | 949 958 | |
| Less : Premium on reinsurance ceded | 248 101 | 292 901 | 293 385 | 627 682 | |
| Net Premium | 850 680 | 1663 190 | 198 387 | 322 276 | |
| Adjustment for change in reserve for unexpired risks | -240 589 | -440 213 | 498 578 | 1133 403 | |
| Premium Earned (Net) | 610 091 | 1222 977 | 696 965 | 1455 679 | |
| (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 | 1933 661 | 4286 640 | 1641 430 | 4100 155 | |
| Less : Premium on reinsurance ceded | 324 735 | 389 161 | 79 729 | 353 991 | |
| Net Premium | 1608 926 | 3897 479 | 1561 701 | 3746 164 | |
| Adjustment for change in reserve for unexpired risks | -9 869 | -97 324 | 36 034 | -217 415 | |
| Premium Earned (Net) | 1599 057 | 3800 155 | 1597 735 | 3528 749 | |
| (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 | 52 452 | 116 002 | 108 511 | 170 898 | |
| Less : Premium on reinsurance ceded | 0 | 0 | 0 | 0 | |
| Net Premium | 52 452 | 116 002 | 108 511 | 170 898 | |
| Adjustment for change in reserve for unexpired risks | 28 011 | 27 358 | -10 620 | 18 451 | |
| Premium Earned (Net) | 80 463 | 143 360 | 97 891 | 189 349 | |
| (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 | 337 972 | 563 877 | 374 863 | 1053 791 | |
| Less : Premium on reinsurance ceded | 3 572 | 64 408 | 98 742 | 194 958 | |
| Net Premium | 334 400 | 499 469 | 276 121 | 858 833 | |
| Adjustment for change in reserve for unexpired risks | -29 993 | 178 328 | 8 360 | 16 596 | |
| Premium Earned (Net) | 304 407 | 677 797 | 284 481 | 875 429 | |
| (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 | 713 114 | 1702 662 | 1283 069 | 2420 333 | |
| Less : Premium on reinsurance ceded | 1 109 | 3 713 | 6 800 | 6 800 | |
| Net Premium | 712 005 | 1698 949 | 1276 269 | 2413 533 | |
| Adjustment for change in reserve for unexpired risks | 278 130 | 354 880 | 117 093 | -106 152 | |
| Premium Earned (Net) | 990 135 | 2053 829 | 1393 362 | 2307 381 | |
| (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 | 3169 702 | 6632 121 | 6879 287 | 9877 335 | |
| Less : Premium on reinsurance ceded | -8 041 | 0 | -154 956 | 0 | |
| Net Premium | 3177 743 | 6632 121 | 7034 243 | 9877 335 | |
| Adjustment for change in reserve for unexpired risks | 1872 370 | 1561 179 | 419 356 | -514 054 | |
| Premium Earned (Net) | 5050 113 | 8193 300 | 7453 599 | 9363 281 | |
| (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 | 4398 889 | 5186 139 | 4956 084 | 5764 278 | |
| Less : Premium on reinsurance ceded | 279 207 | 279 207 | 158 869 | 158 869 | |
| Net Premium | 4119 682 | 4906 932 | 4797 215 | 5605 409 | |
| Adjustment for change in reserve for unexpired risks | 328 012 | 338 476 | -671 078 | -585 551 | |
| Premium Earned (Net) | 4447 694 | 5245 408 | 4126 137 | 5019 858 | |
| (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 | 531 476 | 1318 726 | 526 655 | 1334 849 | |
| Less : Premium on reinsurance ceded | 0 | 0 | 0 | 0 | |
| Net Premium | 531 476 | 1318 726 | 526 655 | 1334 849 | |
| Adjustment for change in reserve for unexpired risks | -2 506 | 7 958 | -40 027 | 45 500 | |
| Premium Earned (Net) | 528 970 | 1326 684 | 486 628 | 1380 349 | |
| TOTAL MISCELLANEOUS | |||||
| Premium from direct business written | 0 | 0 | -2 552 | 0 | |
| Service Tax | |||||
| Adjustment for change in reserve for unexpired risks | |||||
| Gross Earned Premium | 0 | 0 | 0 | 0 | |
| Add: Premium on reinsurance accepted | 21598 222 | 36554 744 | 25556 041 | 44961 730 | |
| Less : Premium on reinsurance ceded | 848 683 | 1029 390 | 482 569 | 1342 300 | |
| Net Premium | 20749 539 | 35525 354 | 25070 920 | 43619 430 | |
| Adjustment for change in reserve for unexpired risks | 2169 638 | 4132 646 | -692 532 | -3004 613 | |
| Premium Earned (Net) | 22919 177 | 39658 000 | 24378 388 | 40614 817 | |
| 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 | 978 849 | 2271 772 | 1261 946 | 2660 952 | |
| Less : Premium on reinsurance ceded | 119 101 | 183 644 | 123 533 | 173 765 | |
| Net Premium | 859 748 | 2088 128 | 1138 413 | 2487 187 | |
| Adjustment for change in reserve for unexpired risks | 262 578 | 359 227 | 9 773 | -251 617 | |
| Premium Earned (Net) | 1122 326 | 2447 355 | 1148 186 | 2235 570 | |
| (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 | 1600 821 | 3746 699 | 2011 788 | 3663 187 | |
| Less : Premium on reinsurance ceded | 385 696 | 518 410 | 494 348 | 777 287 | |
| Net Premium | 1215 125 | 3228 289 | 1517 440 | 2885 900 | |
| Adjustment for change in reserve for unexpired risks | 293 862 | -408 396 | 112 963 | 665 752 | |
| Premium Earned (Net) | 1508 987 | 2819 893 | 1630 403 | 3551 652 | |
| 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 | 2579 670 | 6018 471 | 3273 734 | 6324 139 | |
| Less : Premium on reinsurance ceded | 504 797 | 702 054 | 617 881 | 951 052 | |
| Net Premium | 2074 873 | 5316 417 | 2655 853 | 5373 087 | |
| Adjustment for change in reserve for unexpired risks | 556 440 | -49 169 | 122 736 | 414 135 | |
| Premium Earned (Net) | 2631 313 | 5267 248 | 2778 589 | 5787 222 | |
| 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 | 155 640 | 453 187 | 158 580 | 331 243 | |
| Less : Premium on reinsurance ceded | 65 257 | 116 648 | 36 686 | 62 979 | |
| Net Premium | 90 383 | 336 539 | 121 894 | 268 264 | |
| Adjustment for change in reserve for unexpired risks | -3 657 | -91 009 | -39 813 | -99 777 | |
| Premium Earned (Net) | 86 726 | 245 530 | 82 081 | 168 487 | |
| E | TOTAL ALL CLASSES | ||||
| Premium from direct business written | 0 | 0 | -2 552 | 0 | |
| Service Tax | |||||
| Adjustment for change in reserve for unexpired risks | |||||
| Gross Earned Premium | 0 | 0 | 0 | 0 | |
| Add: Premium on reinsurance accepted | 35993 287 | 67489 575 | 40111 762 | 72299 028 | |
| Less : Premium on reinsurance ceded | 4830 073 | 6815 381 | 4010 368 | 6155 344 | |
| Net Premium | 31163 214 | 60674 194 | 36098 842 | 66143 684 | |
| Adjustment for change in reserve for unexpired risks | 3186 250 | 3897 267 | -366 140 | -2206 012 | |
| Premium Earned (Net) | 34349 464 | 64571 461 | 35732 702 | 63937 672 | |