| FORM NL-31: Related Party Transactions | |||||||
|---|---|---|---|---|---|---|---|
| Insurer: | GIC Re | Date: | .31.03.2014 | . | |||
| . | . | (Rs in Lakhs) | . | . | . | ||
| Related Party Transactions | |||||||
| Sl.No. | Name of the Related Party | Nature of Relationship with the Company | Description of Transactions / Categories | Consideration paid / received* | |||
| As on 31.03.2014 | As on 31.03.2013 | ||||||
| 1 | Kenindia Assurance Company | Associate Company | Net Premiun - Net commission - Net Claims | -421,302 | 366,752 | ||
| 2 | India International Pte LTD. | Associate Company | Net Premiun - Net commission - Net Claims | -298,620 | -113,616 | ||
| 3 | Agricultural Insurance Company of India Ltd | Associate Company | Net Premiun - Net commission - Net Claims | 8,705 | 1,464,020 | ||
| 4 | East Africa Re | Associate Company | Net Premiun - Net commission - Net Claims | 5,845 | 10,743 | ||
| 5 | Asian Reinsurance Corporation | Associate Company | Net Premiun - Net commission - Net Claims | -805,945 | -921,105 | ||
| . | . | . | . | .. | |||
| *including the premium flow through Associates/ Group companies as an agent | .. | ||||||
| (-) indicates amount payable by GIC | |||||||