FORM NL-33 - SOLVENCY MARGIN - KGII |
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TABLE - II |
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- |
Insurer: GENERAL INSURANCE CORPORATION OF INDIA. |
Solvency for the year ended on 31.12.2013 |
Available Solvency Margin and Solvency Ratio |
(` in Lacs) |
Item |
Description |
Notes No. |
Amount |
(1) |
(2) |
(3) |
(4) |
1 |
Available Assets in Policyholders’ Funds (adjusted value of Assets as mentioned in Form IRDA-Assets-AA): |
- |
29172 60.40 |
- |
Deduct: |
- |
- |
2 |
Liabilities (reserves as mentioned in Form HG) |
- |
27279 87.77 |
3 |
Other Liabilities (other liabilities in respect of Policyholders’ Fund as mentioned in Balance Sheet) |
- |
NIL |
4 |
Excess in Policyholders’ Funds (1-2-3) |
- |
1892 72.63 |
5 |
Available Assets in Shareholders’ Funds (value of Assets as mentioned in Form IRDA-Assets-AA): |
- |
10492 17.52 |
- |
Deduct: |
- |
- |
6 |
Other Liabilities (other liabilities in respect of Shareholders’ Fund as mentioned in Balance Sheet) |
- |
2597 58.73 |
7 |
Excess in Shareholders’ Funds (5-6) |
- |
7894 58.79 |
8 |
Total Available Solvency Margin [ASM] (4+7) |
- |
9787 31.42 |
9 |
Total Required Solvency Margin [RSM] |
- |
5467 88.52 |
10 |
Solvency Ratio (Total ASM/Total RSM) |
-
|
1.79 |