| FORM NL-1-B-RA | ||||
|---|---|---|---|---|
| Name of the Insurer: GENERAL INSURANCE CORPORATION OF INDIA | ||||
| Registration No. 112 | ||||
| Date of Registration with the IRDA : 2nd April, 2001 | ||||
| REVENUE ACCOUNT FOR THE PERIOD ENDED 31.03.2014 | ||||
| FIRE INSURANCE BUSINESS | ||||
| PARTICULARS | SCHEDULE | TWELVE MONTH ENDING 31.03.2014 | TWELVE MONTH ENDING 31.03.2013 | |
| 1 | Premiums earned (Net) | NL-4-Premium Schedule | 36530102 | 34412717 |
| 2 | Profit on sale of Investments (Net) | 2661786 | 2691304 | |
| 3 | Profit/-Loss on Exchange Fluctuation | 655389 | 303051 | |
| 4 | Interest, Dividend & Rent - Gross | 5810184 | 5036451 | |
| TOTAL (A) | 45657461 | 42443523 | ||
| 1 | Claims Incurred (Net) | NL-5-Claims Schedule | 37356711 | 30063580 |
| 2 | Commission (Net) | NL-6-Commission Schedule | 7405659 | 8194661 |
| 3 | Operating Expenses related to Insurance Business | NL-7-Operating Expenses Schedule | 649825 | 357933 |
| 4 | Expenses relating to Investments | 6101 | 11116 | |
| TOTAL (B) | 45418296 | 38627290 | ||
| Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B) | 239165 | 3816233 | ||
| APPROPRIATIONS | ||||
| Transfer to Shareholders’ Account | 239165 | 3816233 | ||
| Transfer to Catastrophe Reserve | ||||
| Transfer to Other Reserves (to be specified) | ||||
| TOTAL (C) | 239165 | 3816233 | ||
| As required by Section 40C (2) of the Insurance Act, 1938, we certify that, all expenses of management, wherever incurred, whether directly or indirectly, in respect of Fire Insurance Business have been fully debited in the Fire Insurance Revenue Accounts as expenses. | ||||
| MISCELLANEOUS INSURANCE BUSINESS | ||||
| PARTICULARS | SCHEDULE | TWELVE MONTH ENDING 31.03.2014 | TWELVE MONTH ENDING 31.03.2013 | |
| 1 | Premiums earned (Net) | NL-4-Premium Schedule | 88229897 | 86442168 |
| 2 | Profit on sale of Investments (Net) | 4646339 | 4140200 | |
| 3 | Profit/-Loss on Exchange Fluctuation | 1509423 | 803046 | |
| 4 | Interest, Dividend & Rent - Gross | 10142096 | 7747885 | |
| TOTAL (A) | 104527755 | 99133299 | ||
| 1 | Claims Incurred (Net) | NL-5-Claims Schedule | 77092513 | 72807268 |
| 2 | Commission (Net) | NL-6-Commission Schedule | 15004013 | 18490653 |
| 3 | Operating Expenses related to Insurance Business | NL-7-Operating Expenses Schedule | 1017156 | 682795 |
| 4 | Expenses relating to Investments | 10650 | 17100 | |
| 5 | Premium Deficiency | 0 | -1414674 | |
| TOTAL (B) | 93124332 | 90583142 | ||
| Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B) | 11403423 | 8550157 | ||
| APPROPRIATIONS | ||||
| Transfer to Shareholders’ Account | 11403423 | 8550157 | ||
| Transfer to Catastrophe Reserve | ||||
| Transfer to Other Reserves (to be specified) | ||||
| TOTAL (C) | 11403423 | 8550157 | ||
| As required by Section 40C (2) of the Insurance Act, 1938, we certify that, all expenses of management, wherever incurred, whether directly or indirectly, in respect of Miscellaneous Insurance Business have been fully debited in the Miscellaneous Insurance Revenue Accounts as expenses. | ||||
| MARINE INSURANCE BUSINESS | ||||
| PARTICULARS | SCHEDULE | TWELVE MONTH ENDING 31.03.2014 | TWELVE MONTH ENDING 31.03.2013 | |
| 1 | Premiums earned (Net) | NL-4-Premium Schedule | 10268145 | 11871835 |
| 2 | Profit on sale of Investments (Net) | 745500 | 848684 | |
| 3 | Profit/-Loss on Exchange Fluctuation | 212944 | 156537 | |
| 4 | Interest, Dividend & Rent - Gross | 1627289 | 1588209 | |
| TOTAL (A) | 12853878 | 14465265 | ||
| 1 | Claims Incurred (Net) | NL-5-Claims Schedule | 5621 278 | 6073 096 |
| 2 | Commission (Net) | NL-6-Commission Schedule | 2027 542 | 2355 917 |
| 3 | Operating Expenses related to Insurance Business | NL-7-Operating Expenses Schedule | 100 851 | 74 709 |
| 4 | Expenses relating to Investments | 1 709 | 3 505 | |
| TOTAL (B) | 7751 380 | 8507 227 | ||
| Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B) | 5102 498 | 5958 038 | ||
| APPROPRIATIONS | ||||
| Transfer to Shareholders’ Account | 5102 498 | 5958 038 | ||
| Transfer to Catastrophe Reserve | ||||
| Transfer to Other Reserves (to be specified) | ||||
| TOTAL (C) | 5102 498 | 5958 038 | ||
| As required by Section 40C (2) of the Insurance Act, 1938, we certify that, all expenses of management, wherever incurred, whether directly or indirectly, in respect of Fire Insurance Business have been fully debited in the Fire Insurance Revenue Accounts as expenses. | ||||
| MISCELLANEOUS INSURANCE BUSINESS | ||||
| PARTICULARS | SCHEDULE | TWELVE MONTH ENDING 31.03.2015 | TWELVE MONTH ENDING 31.03.2014 | |
| 2 | Premiums earned (Net) | NL-4-Premium Schedule | 88229898 | 86442169 |
| 3 | Profit on sale of Investments (Net) | 4646340 | 4140201 | |
| 4 | Profit/-Loss on Exchange Fluctuation | 1509424 | 803047 | |
| 5 | Interest, Dividend & Rent - Gross | 10142097 | 7747886 | |
| TOTAL (A) | 104527756 | 99133300 | ||
| 2 | Claims Incurred (Net) | NL-5-Claims Schedule | 77092514 | 72807269 |
| 3 | Commission (Net) | NL-6-Commission Schedule | 15004014 | 18490654 |
| 4 | Operating Expenses related to Insurance Business | NL-7-Operating Expenses Schedule | 1017157 | 682796 |
| 5 | Expenses relating to Investments | 10651 | 17101 | |
| 6 | Premium Deficiency | 1 | -1414673 | |
| TOTAL (B) | 93124333 | 90583143 | ||
| Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B) | 11403424 | 8550158 | ||
| APPROPRIATIONS | ||||
| Transfer to Shareholders’ Account | 11403424 | 8550158 | ||
| Transfer to Catastrophe Reserve | ||||
| Transfer to Other Reserves (to be specified) | ||||
| TOTAL (C) | 11403424 | 8550158 | ||
| As required by Section 40C (2) of the Insurance Act, 1938, we certify that, all expenses of management, wherever incurred, whether directly or indirectly, in respect of Miscellaneous Insurance Business have been fully debited in the Miscellaneous Insurance Revenue Accounts as expenses. | ||||
| LIFE INSURANCE BUSINESS | ||||
| PARTICULARS | SCHEDULE | TWELVE MONTH ENDING 31.03.2014 | TWELVE MONTH ENDING 31.03.2013 | |
| 1 | Premiums earned (Net) | NL-4-Premium Schedule | 1059 988 | 491 145 |
| 2 | Profit on sale of Investments (Net) | 23 046 | 11 172 | |
| 3 | Profit/-Loss on Exchange Fluctuation | 7 728 | 1 371 | |
| 4 | Interest, Dividend & Rent - Gross | 50 305 | 20 906 | |
| TOTAL (A) | 1141 067 | 524 594 | ||
| 1 | Claims Incurred (Net) | NL-5-Claims Schedule | 1002 440 | 479 430 |
| 2 | Commission (Net) | NL-6-Commission Schedule | 52 652 | 16 271 |
| 3 | Operating Expenses related to Insurance Business | NL-7-Operating Expenses Schedule | 15 054 | 5 995 |
| 4 | Expenses relating to Investments | 53 | 46 | |
| TOTAL (B) | 1070 199 | 501 742 | ||
| Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B) | 70 868 | 22 852 | ||
| APPROPRIATIONS | ||||
| Transfer to Shareholders’ Account | 70 868 | 22 852 | ||
| Transfer to Catastrophe Reserve | ||||
| Transfer to Other Reserves (to be specified) | ||||
| TOTAL (C) | 70 868 | 22 852 | ||