| FORM NL-33 - SOLVENCY MARGIN - KGII | |||
|---|---|---|---|
| TABLE - II | |||
| Insurer: GENERAL INSURANCE CORPORATION OF INDIA | |||
| Solvency of the year ended on 31.12.2013 | |||
| Available Solvency Margin and Solvency Ratio | |||
| - | - | - | (Rs 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): | 29925 70.56 | |
| Deduct: | |||
| 2 | Liabilities (reserves as mentioned in Form HG) | 27024 51.26 | |
| 3 | Other Liabilities (other liabilities in respect of Policyholders’ Fund as mentioned in Balance Sheet) | NIL | |
| 4 | Excess in Policyholders’ Funds (1-2-3) | 2901 19.30 | |
| 5 | Available Assets in Shareholders’ Funds (value of Assets as mentioned in Form IRDA-Assets-AA): | 10794 74.09 | |
| Deduct: | |||
| 6 | Other Liabilities (other liabilities in respect of Shareholders’ Fund as mentioned in Balance Sheet) | 2990 62.95 | |
| 7 | Excess in Shareholders’ Funds (5-6) | 7804 11.13 | |
| 8 | Total Available Solvency Margin [ASM] (4+7) | 10705 30.44 | |
| 9 | Total Required Solvency Margin [RSM] | 3916 55.98 | |
| 10 | Solvency Ratio (Total ASM/Total RSM) | 2.73 | |