| FORM NL-4-PREMIUM SCHEDULE | |||||
|---|---|---|---|---|---|
| Name of the Insurer: GENERAL INSURANCE CORPORATION OF INDIA | |||||
| PREMIUM EARNED [NET] | |||||
| FOR THE PERIOD ENDED 31.12.2013 | |||||
| A | FIRE INSURANCE | (` '000) | |||
| PARTICULARS | FOR THE QUARTER | NINE MONTH ENDING 31.12.2013 | FOR THE QUARTER OF THE PRECEDING YEAR | NINE MONTH ENDING31.12.2012 | |
| 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 | 9741 522 | 34204 695 | 10224 842 | 30906 758 | |
| Less : Premium on reinsurance ceded | 3561 102 | 8528 391 | 3628 871 | 7427 884 | |
| Net Premium | 6180 420 | 25676 304 | 6595 971 | 23478 874 | |
| Adjustment for change in reserve for unexpired risks | 555 838 | 460 637 | 908 957 | 1393 200 | |
| Premium Earned (Net) | 6736 258 | 26136 941 | 7504 928 | 24872 074 | |
| 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 | 9271 099 | 24063 585 | 8471 464 | 27761 597 | |
| Less : Premium on reinsurance ceded | 0 | 0 | 0 | 0 | |
| Net Premium | 9271 099 | 24063 585 | 8471 464 | 27761 597 | |
| Adjustment for change in reserve for unexpired risks | -372 856 | 1829 148 | -127 307 | -2922 698 | |
| Premium Earned (Net) | 8898 243 | 25892 733 | 8344 157 | 24838 899 | |
| (2) | AVIATION | ||||
| Premium from direct business written | 0 | 0 | 0 | ||
| Service Tax | |||||
| Adjustment for change in reserve for unexpired risks | |||||
| Gross Earned Premium | 0 | 0 | |||
| Add: Premium on reinsurance accepted | 1575 347 | 3531 438 | 2143 236 | 3093 194 | |
| Less : Premium on reinsurance ceded | 250 274 | 543 175 | 209 050 | 836 732 | |
| Net Premium | 1325 073 | 2988 263 | 1934 186 | 2256 462 | |
| Adjustment for change in reserve for unexpired risks | 93 443 | -346 770 | -238 064 | 895 339 | |
| Premium Earned (Net) | 1418 516 | 2641 493 | 1696 122 | 3151 801 | |
| (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 | 2071 895 | 6358 535 | 1618 592 | 5718 747 | |
| Less : Premium on reinsurance ceded | 460 992 | 850 153 | 488 647 | 842 638 | |
| Net Premium | 1610 903 | 5508 382 | 1129 945 | 4876 109 | |
| Adjustment for change in reserve for unexpired risks | -223 138 | -320 462 | 237 384 | 19 969 | |
| Premium Earned (Net) | 1387 765 | 5187 920 | 1367 329 | 4896 078 | |
| (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 | 51 485 | 167 487 | 126 591 | 297 489 | |
| Less : Premium on reinsurance ceded | 0 | 0 | 0 | 0 | |
| Net Premium | 51 485 | 167 487 | 126 591 | 297 489 | |
| Adjustment for change in reserve for unexpired risks | 37 617 | 64 975 | -37 645 | -19 194 | |
| Premium Earned (Net) | 89 102 | 232 462 | 88 946 | 278 295 | |
| (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 | 233 482 | 797 359 | 523 190 | 1576 981 | |
| Less : Premium on reinsurance ceded | 60 836 | 125 244 | 70 870 | 265 828 | |
| Net Premium | 172 646 | 672 115 | 452 320 | 1311 153 | |
| Adjustment for change in reserve for unexpired risks | 139 469 | 317 797 | -5 799 | 10 797 | |
| Premium Earned (Net) | 312 115 | 989 912 | 446 521 | 1321 950 | |
| (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 | 1155 571 | 2858 233 | 1147 480 | 3567 813 | |
| Less : Premium on reinsurance ceded | 9 766 | 13 479 | 8 916 | 15 716 | |
| Net Premium | 1145 805 | 2844 754 | 1138 564 | 3552 097 | |
| Adjustment for change in reserve for unexpired risks | -1 004 | 353 876 | -163 371 | -269 523 | |
| Premium Earned (Net) | 1144 801 | 3198 630 | 975 193 | 3282 574 | |
| (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 | 4810 422 | 11442 543 | 5038 424 | 14915 759 | |
| Less : Premium on reinsurance ceded | 0 | 0 | 0 | 0 | |
| Net Premium | 4810 422 | 11442 543 | 5038 424 | 14915 759 | |
| Adjustment for change in reserve for unexpired risks | 115 630 | 1676 809 | -1106 444 | -1620 498 | |
| Premium Earned (Net) | 4926 052 | 13119 352 | 3931 980 | 13295 261 | |
| (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 | 3783 798 | 8969 937 | 2633 606 | 8397 884 | |
| Less : Premium on reinsurance ceded | 418 181 | 697 388 | 314 185 | 473 054 | |
| Net Premium | 3365 617 | 8272 549 | 2319 421 | 7924 830 | |
| Adjustment for change in reserve for unexpired risks | -518 240 | -179 764 | 454 334 | -131 217 | |
| Premium Earned (Net) | 2847 377 | 8092 785 | 2773 755 | 7793 613 | |
| (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 | 593 509 | 1912 235 | 691 820 | 2026 669 | |
| Less : Premium on reinsurance ceded | 0 | 0 | 0 | 0 | |
| Net Premium | 593 509 | 1912 235 | 691 820 | 2026 669 | |
| Adjustment for change in reserve for unexpired risks | 49 267 | 57 225 | -111 171 | -65 671 | |
| Premium Earned (Net) | 642 776 | 1969 460 | 580 649 | 1960 998 | |
| TOTAL MISCELLANEOUS | |||||
| Premium from direct business written | 0 | 0 | 0 | 0 | |
| Service Tax | |||||
| Adjustment for change in reserve for unexpired risks | |||||
| Gross Earned Premium | 0 | 0 | 0 | 0 | |
| Add: Premium on reinsurance accepted | 23546 608 | 60101 352 | 22394 403 | 67356 133 | |
| Less : Premium on reinsurance ceded | 1200 049 | 2229 439 | 1091 668 | 2433 968 | |
| Net Premium | 22346 559 | 57871 913 | 21302 735 | 64922 165 | |
| Adjustment for change in reserve for unexpired risks | -679 812 | 3452 834 | -1098 083 | -4102 696 | |
| Premium Earned (Net) | 21666 747 | 61324 747 | 20204 652 | 60819 469 | |
| 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 | 1054 045 | 3325 817 | 1303 779 | 3964 731 | |
| Less : Premium on reinsurance ceded | 121 474 | 305 118 | 73 224 | 246 989 | |
| Net Premium | 932 571 | 3020 699 | 1230 555 | 3717 742 | |
| Adjustment for change in reserve for unexpired risks | 311 230 | 670 457 | 319 430 | 67 813 | |
| Premium Earned (Net) | 1243 801 | 3691 156 | 1549 985 | 3785 555 | |
| (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 | 1261 909 | 5008 608 | 1960 914 | 5624 101 | |
| Less : Premium on reinsurance ceded | 167 445 | 685 855 | 436 690 | 1213 977 | |
| Net Premium | 1094 464 | 4322 753 | 1524 224 | 4410 124 | |
| Adjustment for change in reserve for unexpired risks | 465 515 | 57 119 | -722 557 | -56 805 | |
| Premium Earned (Net) | 1559 979 | 4379 872 | 801 667 | 4353 319 | |
| 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 | 2315 954 | 8334 425 | 3264 693 | 9588 832 | |
| Less : Premium on reinsurance ceded | 288 919 | 990 973 | 509 914 | 1460 966 | |
| Net Premium | 2027 035 | 7343 452 | 2754 779 | 8127 866 | |
| Adjustment for change in reserve for unexpired risks | 776 745 | 727 576 | -403 127 | 11 008 | |
| Premium Earned (Net) | 2803 780 | 8071 028 | 2351 652 | 8138 874 | |
| 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 | 458 767 | 911 954 | 245 988 | 577 231 | |
| Less : Premium on reinsurance ceded | 80 030 | 196 678 | 56 245 | 119 224 | |
| Net Premium | 378 737 | 715 276 | 189 743 | 458 007 | |
| Adjustment for change in reserve for unexpired risks | -54 927 | -145 936 | 42 343 | -57 434 | |
| Premium Earned (Net) | 323 810 | 569 340 | 232 086 | 400 573 | |
| E | TOTAL ALL CLASSES | ||||
| Premium from direct business written | 0 | 0 | 0 | 0 | |
| Service Tax | |||||
| Adjustment for change in reserve for unexpired risks | |||||
| Gross Earned Premium | 0 | 0 | 0 | 0 | |
| Add: Premium on reinsurance accepted | 36062 851 | 103552 426 | 36129 926 | 108428 954 | |
| Less : Premium on reinsurance ceded | 5130 100 | 11945 481 | 5286 698 | 11442 042 | |
| Net Premium | 30932 751 | 91606 945 | 30843 228 | 96986 912 | |
| Adjustment for change in reserve for unexpired risks | 597 844 | 4495 111 | -549 910 | -2755 922 | |
| Premium Earned (Net) | 31530 595 | 96102 056 | 30293 318 | 94230 990 | |