| FORM NL-4-PREMIUM SCHEDULE | |||||
|---|---|---|---|---|---|
| Name of the Insurer: GENERAL INSURANCE CORPORATION OF INDIA | |||||
| PREMIUM EARNED [NET] | |||||
| FOR THE PERIOD ENDED 31.03.2014 | |||||
| A | FIRE INSURANCE | (` '000) | |||
| PARTICULARS | FOR THE QUARTER | TWELVE MONTH ENDING 31.03.2014 | FOR THE QUARTER OF THE PRECEDING YEAR | TWELVE MONTH ENDING 31.03.2013 | |
| 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 | 15780 608 | 49985 303 | 9782 643 | 40699 240 | |
| Less : Premium on reinsurance ceded | 1671 214 | 10199 605 | 710 648 | 8139 611 | |
| Net Premium | 14109 394 | 39785 698 | 9071 995 | 32559 629 | |
| Adjustment for change in reserve for unexpired risks | -3716 233 | -3255 596 | 459 888 | 1853 088 | |
| Premium Earned (Net) | 10393 161 | 36530 102 | 9531 883 | 34412 717 | |
| 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 | 10266 084 | 34329 669 | 14223 614 | 41987 919 | |
| Less : Premium on reinsurance ceded | 0 | 0 | 0 | 0 | |
| Net Premium | 10266 084 | 34329 669 | 14223 614 | 41987 919 | |
| Adjustment for change in reserve for unexpired risks | 2053 612 | 3882 760 | -3108 711 | -6031 409 | |
| Premium Earned (Net) | 12319 696 | 38212 429 | 11114 903 | 35956 510 | |
| (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 | 732 523 | 4263 961 | 1349 614 | 4443 180 | |
| Less : Premium on reinsurance ceded | 218 921 | 762 096 | 208 727 | 1045 538 | |
| Net Premium | 513 602 | 3501 865 | 1140 887 | 3397 642 | |
| Adjustment for change in reserve for unexpired risks | 364 219 | 17 449 | 199 114 | 1094 453 | |
| Premium Earned (Net) | 877 821 | 3519 314 | 1340 001 | 4492 095 | |
| (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 | 2233 595 | 8592 130 | 1778 842 | 7499 613 | |
| Less : Premium on reinsurance ceded | 80 536 | 930 689 | 32 273 | 875 037 | |
| Net Premium | 2153 059 | 7661 441 | 1746 569 | 6624 576 | |
| Adjustment for change in reserve for unexpired risks | -176 851 | -497 313 | 196 178 | 216 147 | |
| Premium Earned (Net) | 1976 208 | 7164 128 | 1942 747 | 6840 723 | |
| (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 | 75 469 | 242 956 | 130 325 | 427 814 | |
| Less : Premium on reinsurance ceded | 0 | 0 | 0 | 0 | |
| Net Premium | 75 469 | 242 956 | 130 325 | 427 814 | |
| Adjustment for change in reserve for unexpired risks | 27 548 | 92 523 | 9 519 | -9 675 | |
| Premium Earned (Net) | 103 017 | 335 479 | 139 844 | 418 139 | |
| (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 | 207 796 | 1005 155 | -55 253 | 1521 796 | |
| Less : Premium on reinsurance ceded | 3 571 | 128 815 | 3 840 | 269 668 | |
| Net Premium | 204 225 | 876 340 | -59 093 | 1252 128 | |
| Adjustment for change in reserve for unexpired risks | -129 422 | 188 375 | 221 783 | 232 580 | |
| Premium Earned (Net) | 74 803 | 1064 715 | 162 690 | 1484 708 | |
| (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 | 939 414 | 3797 647 | 1570 728 | 5138 553 | |
| Less : Premium on reinsurance ceded | - 318 | 13 161 | 0 | 15 716 | |
| Net Premium | 939 732 | 3784 486 | 1570 728 | 5122 837 | |
| Adjustment for change in reserve for unexpired risks | 318 375 | 672 251 | -248 878 | -518 401 | |
| Premium Earned (Net) | 1258 107 | 4456 737 | 1321 850 | 4604 436 | |
| (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 | 5008 708 | 16451 251 | 12278 380 | 20676 993 | |
| Less : Premium on reinsurance ceded | 0 | 0 | -473 054 | 0 | |
| Net Premium | 5008 708 | 16451 251 | 12751 434 | 20676 993 | |
| Adjustment for change in reserve for unexpired risks | 455 135 | 2131 944 | -1277 554 | -1408 771 | |
| Premium Earned (Net) | 5463 843 | 18583 195 | 11473 880 | 19268 222 | |
| (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 | 4506 464 | 13476 401 | 10422 479 | 12449 149 | |
| Less : Premium on reinsurance ceded | 197 241 | 894 629 | 587 796 | 587 796 | |
| Net Premium | 4309 223 | 12581 772 | 9834 683 | 11861 353 | |
| Adjustment for change in reserve for unexpired risks | -170 213 | -349 977 | -1061 948 | -1127 619 | |
| Premium Earned (Net) | 4139 010 | 12231 795 | 8772 735 | 10733 734 | |
| (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 | 632 468 | 2544 703 | 752 558 | 2779 228 | |
| Less : Premium on reinsurance ceded | 0 | 0 | 0 | 0 | |
| Net Premium | 632 468 | 2544 703 | 752 558 | 2779 228 | |
| Adjustment for change in reserve for unexpired risks | 60 177 | 117 402 | -69 956 | -135 627 | |
| Premium Earned (Net) | 692 645 | 2662 105 | 682 602 | 2643 601 | |
| 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 | 24602 521 | 84703 873 | 42451 287 | 96924 245 | |
| Less : Premium on reinsurance ceded | 499 951 | 2729 390 | 359 582 | 2793 755 | |
| Net Premium | 24102 570 | 81974 483 | 42091 705 | 94130 490 | |
| Adjustment for change in reserve for unexpired risks | 2802 580 | 6255 414 | -5140 453 | -7688 322 | |
| Premium Earned (Net) | 26905 150 | 88229 897 | 36951 252 | 86442 168 | |
| 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 | 839 674 | 4165 491 | 780 957 | 4747 395 | |
| Less : Premium on reinsurance ceded | 89 251 | 394 369 | 131 190 | 378 179 | |
| Net Premium | 750 423 | 3771 122 | 649 767 | 4369 216 | |
| Adjustment for change in reserve for unexpired risks | -59 912 | 610 545 | 669 452 | 737 265 | |
| Premium Earned (Net) | 690 511 | 4381 667 | 1319 219 | 5106 481 | |
| (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 | 1680 912 | 6689 520 | 1906 682 | 7533 159 | |
| Less : Premium on reinsurance ceded | 417 098 | 1102 953 | 446 726 | 1660 718 | |
| Net Premium | 1263 814 | 5586 567 | 1459 956 | 5872 441 | |
| Adjustment for change in reserve for unexpired risks | 242 792 | 299 911 | 949 718 | 892 913 | |
| Premium Earned (Net) | 1506 606 | 5886 478 | 2409 674 | 6765 354 | |
| 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 | 2520 586 | 10855 011 | 2687 639 | 12280 554 | |
| Less : Premium on reinsurance ceded | 506 349 | 1497 322 | 577 916 | 2038 897 | |
| Net Premium | 2014 237 | 9357 689 | 2109 723 | 10241 657 | |
| Adjustment for change in reserve for unexpired risks | 182 880 | 910 456 | 1619 170 | 1630 178 | |
| Premium Earned (Net) | 2197 117 | 10268 145 | 3728 893 | 11871 835 | |
| 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 | 345 022 | 1256 976 | 377 468 | 954 699 | |
| Less : Premium on reinsurance ceded | 52 006 | 248 684 | 54 924 | 174 148 | |
| Net Premium | 293 016 | 1008 292 | 322 544 | 780 551 | |
| Adjustment for change in reserve for unexpired risks | 197 632 | 51 696 | -231 972 | -289 406 | |
| Premium Earned (Net) | 490 648 | 1059 988 | 90 572 | 491 145 | |
| 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 | 43248 737 | 146801 163 | 55299 037 | 150858 738 | |
| Less : Premium on reinsurance ceded | 2729 520 | 14675 001 | 1703 070 | 13146 411 | |
| Net Premium | 40519 217 | 132126 162 | 53595 967 | 137712 327 | |
| Adjustment for change in reserve for unexpired risks | -533 141 | 3961 970 | -3293 367 | -4494 462 | |
| Premium Earned (Net) | 39986 076 | 136088 132 | 50302 600 | 133217 865 | |