| FORM NL-5 - CLAIMS SCHEDULE | |||||
|---|---|---|---|---|---|
| Name of the Insurer: GENERAL INSURANCE CORPORATION OF INDIA | |||||
| CLAIMS INCURRED [NET] | |||||
| FOR THE PERIOD ENDED 30.09.2013 | |||||
| (` '000) | |||||
| PARTICULARS | FOR THE QUARTER | SIX MONTH ENDING 30.09.2013 | FOR THE QUARTER OF THE PRECEDING YEAR | SIX MONTH ENDING 30.09.2012 | |
| A | FIRE INSURANCE | ||||
| Claims paid | |||||
| Direct claims | |||||
| Add Claims Outstanding at the end of the year | |||||
| Less Claims Outstanding at the beginning of the year | |||||
| Gross Incurred Claims | |||||
| Add :Re-insurance accepted to direct claims | 8992 949 | 17143 307 | 6436 131 | 13398 486 | |
| Less :Re-insurance Ceded to claims paid | 1867 272 | 2406 934 | 1426 932 | 1588 766 | |
| Net Claims Paid | 7125 677 | 14736 373 | 5009 199 | 11809 720 | |
| Add : Claims Outstanding at the end of the year | 6589 417 | 76907 183 | 3197 395 | 69024 618 | |
| Less: Claims Outstanding at the beginning of the year | 0 | 68743 345 | 0 | 64612 978 | |
| Total Claims Incurred | 13715 094 | 22900 211 | 8206 594 | 16221 360 | |
| B | MISCELLANEOUS INSURANCE | ||||
| (1) | MOTOR | ||||
| Claims paid | |||||
| Direct claims | |||||
| Add Claims Outstanding at the end of the year | |||||
| Less Claims Outstanding at the beginning of the year | |||||
| Gross Incurred Claims | |||||
| Add :Re-insurance accepted to direct claims | 5945 864 | 14205 782 | 3710 412 | 12182 168 | |
| Less :Re-insurance Ceded to claims paid | 0 | 0 | 0 | 0 | |
| Net Claims Paid | 5945 864 | 14205 782 | 3710 412 | 12182 168 | |
| Add : Claims Outstanding at the end of the year | 2416 928 | 54073 552 | 5524 832 | 55579 266 | |
| Less: Claims Outstanding at the beginning of the year | 0 | 53975 419 | 0 | 48480 865 | |
| Total Claims Incurred | 8362 792 | 14303 915 | 9235 244 | 19280 569 | |
| (2) | AVIATION | ||||
| Claims paid | |||||
| Direct claims | |||||
| Add Claims Outstanding at the end of the year | |||||
| Less Claims Outstanding at the beginning of the year | |||||
| Gross Incurred Claims | 156 | 5 510 | 0 | 83 | |
| Add :Re-insurance accepted to direct claims | 963 942 | 1749 074 | 878 228 | 1568 068 | |
| Less :Re-insurance Ceded to claims paid | 44 453 | 70 977 | 102 079 | 263 222 | |
| Net Claims Paid | 919 645 | 1683 607 | 776 149 | 1304 929 | |
| Add : Claims Outstanding at the end of the year | -361 428 | 9158 923 | -681 828 | 6378 194 | |
| Less: Claims Outstanding at the beginning of the year | 0 | 9253 362 | 0 | 6971 868 | |
| Total Claims Incurred | 558 217 | 1589 168 | 94 321 | 711 255 | |
| (3) | ENGINEERING | ||||
| Claims paid | |||||
| Direct claims | |||||
| Add Claims Outstanding at the end of the year | |||||
| Less Claims Outstanding at the beginning of the year | |||||
| Gross Incurred Claims | |||||
| Add :Re-insurance accepted to direct claims | 936 967 | 2005 351 | 774 378 | 1825 150 | |
| Less :Re-insurance Ceded to claims paid | 50 | 13 361 | 2 556 | 58 834 | |
| Net Claims Paid | 936 917 | 1991 990 | 771 822 | 1766 316 | |
| Add : Claims Outstanding at the end of the year | 2485 818 | 14474 178 | 34 156 | 9506 856 | |
| Less: Claims Outstanding at the beginning of the year | 0 | 10769 022 | 0 | 9071 131 | |
| Total Claims Incurred | 3422 735 | 5697 146 | 805 978 | 2202 041 | |
| (4) | WC | ||||
| Claims paid | |||||
| Direct claims | |||||
| Add Claims Outstanding at the end of the year | |||||
| Less Claims Outstanding at the beginning of the year | |||||
| Gross Incurred Claims | |||||
| Add :Re-insurance accepted to direct claims | 28 994 | 63 160 | 21 108 | 41 182 | |
| Less :Re-insurance Ceded to claims paid | 0 | 0 | 0 | 0 | |
| Net Claims Paid | 28 994 | 63 160 | 21 108 | 41 182 | |
| Add : Claims Outstanding at the end of the year | -12 219 | 283 073 | 1 109 | 224 111 | |
| Less: Claims Outstanding at the beginning of the year | 0 | 230 487 | 0 | 210 407 | |
| Total Claims Incurred | 16 775 | 115 746 | 22 217 | 54 886 | |
| (5) | Liability | ||||
| Claims paid | |||||
| Direct claims | |||||
| Add Claims Outstanding at the end of the year | |||||
| Less Claims Outstanding at the beginning of the year | |||||
| Gross Incurred Claims | |||||
| Add :Re-insurance accepted to direct claims | 78 854 | 145 636 | 63 634 | 292 671 | |
| Less :Re-insurance Ceded to claims paid | 0 | 0 | 665 | 391 543 | |
| Net Claims Paid | 78 854 | 145 636 | 62 969 | -98 872 | |
| Add : Claims Outstanding at the end of the year | -64 956 | 1355 285 | -86 473 | 992 298 | |
| Less: Claims Outstanding at the beginning of the year | 0 | 1231 056 | 0 | 974 245 | |
| Total Claims Incurred | 13 898 | 269 865 | -23 504 | -80 819 | |
| (6) | PA | ||||
| Claims paid | |||||
| Direct claims | |||||
| Add Claims Outstanding at the end of the year | |||||
| Less Claims Outstanding at the beginning of the year | |||||
| Gross Incurred Claims | |||||
| Add :Re-insurance accepted to direct claims | 588 277 | 1462 412 | 764 498 | 1340 197 | |
| Less :Re-insurance Ceded to claims paid | 0 | 0 | 0 | 0 | |
| Net Claims Paid | 588 277 | 1462 412 | 764 498 | 1340 197 | |
| Add : Claims Outstanding at the end of the year | -1707 511 | 1005 597 | -141 098 | 611 459 | |
| Less: Claims Outstanding at the beginning of the year | 0 | 3452 075 | 0 | 514 464 | |
| Total Claims Incurred | -1119 234 | -984 066 | 623 400 | 1437 192 | |
| (7) | Health | ||||
| Claims paid | |||||
| Direct claims | |||||
| Add Claims Outstanding at the end of the year | |||||
| Less Claims Outstanding at the beginning of the year | |||||
| Gross Incurred Claims | |||||
| Add :Re-insurance accepted to direct claims | 3791 340 | 6913 481 | 6574 390 | 10577 009 | |
| Less :Re-insurance Ceded to claims paid | 0 | 0 | 0 | 0 | |
| Net Claims Paid | 3791 340 | 6913 481 | 6574 390 | 10577 009 | |
| Add : Claims Outstanding at the end of the year | -2334 160 | 7520 173 | -3287 672 | 2196 924 | |
| Less: Claims Outstanding at the beginning of the year | 0 | 10014 824 | 0 | 6133 249 | |
| Total Claims Incurred | 1457 180 | 4418 830 | 3286 718 | 6640 684 | |
| (8) | Oth. Misc. | ||||
| Claims paid | |||||
| Direct claims | |||||
| Add Claims Outstanding at the end of the year | |||||
| Less Claims Outstanding at the beginning of the year | |||||
| Gross Incurred Claims | |||||
| Add :Re-insurance accepted to direct claims | 963 362 | 4088 679 | 440 480 | 2860 670 | |
| Less :Re-insurance Ceded to claims paid | 0 | 2 366 | 4 216 | 10 823 | |
| Net Claims Paid | 963 362 | 4086 313 | 436 264 | 2849 847 | |
| Add : Claims Outstanding at the end of the year | -1630 959 | 7058 619 | -122 396 | 12590 574 | |
| Less: Claims Outstanding at the beginning of the year | 0 | 10079 799 | 0 | 12546 077 | |
| Total Claims Incurred | -667 597 | 1065 133 | 313 868 | 2894 344 | |
| (9) | FL/Credit | ||||
| Claims paid | |||||
| Direct claims | |||||
| Add Claims Outstanding at the end of the year | |||||
| Less Claims Outstanding at the beginning of the year | |||||
| Gross Incurred Claims | |||||
| Add :Re-insurance accepted to direct claims | 322 834 | 403 163 | 128 790 | 337 638 | |
| Less :Re-insurance Ceded to claims paid | 0 | 0 | 0 | 0 | |
| Net Claims Paid | 322 834 | 403 163 | 128 790 | 337 638 | |
| Add : Claims Outstanding at the end of the year | 2101 369 | 9209 646 | 29 023 | 2498 628 | |
| Less: Claims Outstanding at the beginning of the year | 0 | 3479 268 | 0 | 2583 139 | |
| Total Claims Incurred | 2424 203 | 6133 541 | 157 813 | 253 127 | |
| TOTAL MISCELLANEOUS | |||||
| Claims paid | |||||
| Direct claims | |||||
| Add Claims Outstanding at the end of the year | |||||
| Less Claims Outstanding at the beginning of the year | |||||
| Gross Incurred Claims | 156 | 5 510 | 0 | 83 | |
| Add :Re-insurance accepted to direct claims | 13620 434 | 31036 738 | 13355 918 | 31024 753 | |
| Less :Re-insurance Ceded to claims paid | 44 503 | 86 704 | 109 516 | 724 422 | |
| Net Claims Paid | 13576 087 | 30955 544 | 13246 402 | 30300 414 | |
| Add : Claims Outstanding at the end of the year | 892 882 | 104139 046 | 1269 653 | 90578 310 | |
| Less: Claims Outstanding at the beginning of the year | 0 | 102485 312 | 0 | 87485 445 | |
| Total Claims Incurred | 14468 969 | 32609 278 | 14516 055 | 33393 279 | |
| C | MARINE INSURANCE | ||||
| (1) | MARINE CARGO | ||||
| Claims paid | |||||
| Direct claims | |||||
| Add Claims Outstanding at the end of the year | |||||
| Less Claims Outstanding at the beginning of the year | |||||
| Gross Incurred Claims | |||||
| Add :Re-insurance accepted to direct claims | 594 443 | 1262 146 | 1085 248 | 1855 266 | |
| Less :Re-insurance Ceded to claims paid | 0 | 326 | 0 | -1 653 | |
| Net Claims Paid | 594 443 | 1261 820 | 1085 248 | 1856 919 | |
| Add : Claims Outstanding at the end of the year | -443 650 | 5420 314 | -143 335 | 4990 212 | |
| Less: Claims Outstanding at the beginning of the year | 0 | 5891 192 | 0 | 4999 539 | |
| Total Claims Incurred | 150 793 | 790 942 | 941 913 | 1847 592 | |
| (2) | MARINE HULL | ||||
| Claims paid | |||||
| Direct claims | |||||
| Add Claims Outstanding at the end of the year | |||||
| Less Claims Outstanding at the beginning of the year | |||||
| Gross Incurred Claims | |||||
| Add :Re-insurance accepted to direct claims | 1429 164 | 2421 862 | 515 517 | 1867 935 | |
| Less :Re-insurance Ceded to claims paid | 201 607 | 551 543 | 99 969 | 450 126 | |
| Net Claims Paid | 1227 557 | 1870 319 | 415 548 | 1417 809 | |
| Add : Claims Outstanding at the end of the year | -500 228 | 7698 215 | -1007 910 | 9430 261 | |
| Less: Claims Outstanding at the beginning of the year | 0 | 7893 011 | 0 | 9460 899 | |
| Total Claims Incurred | 727 329 | 1675 523 | -592 362 | 1387 171 | |
| TOTAL MARINE | |||||
| Claims paid | |||||
| Direct claims | |||||
| Add Claims Outstanding at the end of the year | |||||
| Less Claims Outstanding at the beginning of the year | |||||
| Gross Incurred Claims | |||||
| Add :Re-insurance accepted to direct claims | 2023 607 | 3684 008 | 1600 765 | 3723 201 | |
| Less :Re-insurance Ceded to claims paid | 201 607 | 551 869 | 99 969 | 448 473 | |
| Net Claims Paid | 1822 000 | 3132 139 | 1500 796 | 3274 728 | |
| Add : Claims Outstanding at the end of the year | -943 878 | 13118 529 | -1151 245 | 14420 473 | |
| Less: Claims Outstanding at the beginning of the year | 0 | 13784 203 | 0 | 14460 438 | |
| Total Claims Incurred | 878 122 | 2466 465 | 349 551 | 3234 763 | |
| D | LIFE INSURANCE | ||||
| Claims paid | |||||
| Direct claims | |||||
| Add Claims Outstanding at the end of the year | |||||
| Less Claims Outstanding at the beginning of the year | |||||
| Gross Incurred Claims | |||||
| Add :Re-insurance accepted to direct claims | 191 825 | 399 180 | 92 882 | 173 508 | |
| Less :Re-insurance Ceded to claims paid | 39 354 | 77 989 | 7 199 | 7 199 | |
| Net Claims Paid | 152 471 | 321 191 | 85 683 | 166 309 | |
| Add : Claims Outstanding at the end of the year | 97 918 | 330 650 | 17 518 | 205 807 | |
| Less: Claims Outstanding at the beginning of the year | 0 | 217 744 | 0 | 111 158 | |
| Total Claims Incurred | 250 389 | 434 097 | 103 201 | 260 958 | |
| E | TOTAL ALL CLASSES | ||||
| Claims paid | |||||
| Direct claims | |||||
| Add Claims Outstanding at the end of the year | |||||
| Less Claims Outstanding at the beginning of the year | |||||
| Gross Incurred Claims | 156 | 5 510 | 0 | 83 | |
| Add :Re-insurance accepted to direct claims | 24828 815 | 52263 233 | 21485 696 | 48319 948 | |
| Less :Re-insurance Ceded to claims paid | 2152 736 | 3123 496 | 1643 616 | 2768 860 | |
| Net Claims Paid | 22676 235 | 49145 247 | 19842 080 | 45551 171 | |
| Add : Claims Outstanding at the end of the year | 6636 339 | 194495 408 | 3333 321 | 174229 208 | |
| Less: Claims Outstanding at the beginning of the year | 0 | 185230 604 | 0 | 166670 019 | |
| Total Claims Incurred | 29312 574 | 58410 051 | 23175 401 | 53110 360 | |