| 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 | TWELVE MONTH ENDING 31.03.2014 | 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 | |
| Add: Premium on reinsurance accepted | 49985303 | 40699240 | |
| Less : Premium on reinsurance ceded | 10199605 | 8139611 | |
| Net Premium | 39785698 | 32559629 | |
| Adjustment for change in reserve for unexpired risks | -3255596 | 1853088 | |
| Premium Earned (Net) | 36530102 | 34412717 | |
| 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 | |
| Add: Premium on reinsurance accepted | 34329669 | 41987919 | |
| Less : Premium on reinsurance ceded | 0 | 0 | |
| Net Premium | 34329669 | 41987919 | |
| Adjustment for change in reserve for unexpired risks | 3882760 | -6031409 | |
| Premium Earned (Net) | 38212429 | 35956510 | |
| (2) | AVIATION | ||
| Premium from direct business written | 0 | ||
| Service Tax | |||
| Adjustment for change in reserve for unexpired risks | |||
| Gross Earned Premium | 0 | ||
| Add: Premium on reinsurance accepted | 4263961 | 4443180 | |
| Less : Premium on reinsurance ceded | 762096 | 1045538 | |
| Net Premium | 3501865 | 3397642 | |
| Adjustment for change in reserve for unexpired risks | 17449 | 1094453 | |
| Premium Earned (Net) | 3519314 | 4492095 | |
| (3) | ENGINEERING | ||
| Premium from direct business written | |||
| Service Tax | |||
| Adjustment for change in reserve for unexpired risks | |||
| Gross Earned Premium | 0 | 0 | |
| Add: Premium on reinsurance accepted | 8592130 | 7499613 | |
| Less : Premium on reinsurance ceded | 930689 | 875037 | |
| Net Premium | 7661441 | 6624576 | |
| Adjustment for change in reserve for unexpired risks | -497313 | 216147 | |
| Premium Earned (Net) | 7164128 | 6840723 | |
| (4) | W.C. | ||
| Premium from direct business written | |||
| Service Tax | |||
| Adjustment for change in reserve for unexpired risks | |||
| Gross Earned Premium | 0 | 0 | |
| Add: Premium on reinsurance accepted | 242956 | 427814 | |
| Less : Premium on reinsurance ceded | 0 | 0 | |
| Net Premium | 242956 | 427814 | |
| Adjustment for change in reserve for unexpired risks | 92523 | -9675 | |
| Premium Earned (Net) | 335479 | 418139 | |
| (5) | Liability | ||
| Premium from direct business written | |||
| Service Tax | |||
| Adjustment for change in reserve for unexpired risks | |||
| Gross Earned Premium | 0 | 0 | |
| Add: Premium on reinsurance accepted | 1005155 | 1521796 | |
| Less : Premium on reinsurance ceded | 128815 | 269668 | |
| Net Premium | 876340 | 1252128 | |
| Adjustment for change in reserve for unexpired risks | 188375 | 232580 | |
| Premium Earned (Net) | 1064715 | 1484708 | |
| (6) | PA | ||
| Premium from direct business written | |||
| Service Tax | |||
| Adjustment for change in reserve for unexpired risks | |||
| Gross Earned Premium | 0 | 0 | |
| Add: Premium on reinsurance accepted | 3797647 | 5138553 | |
| Less : Premium on reinsurance ceded | 13161 | 15716 | |
| Net Premium | 3784486 | 5122837 | |
| Adjustment for change in reserve for unexpired risks | 672251 | -518401 | |
| Premium Earned (Net) | 4456737 | 4604436 | |
| (7) | Health | ||
| Premium from direct business written | |||
| Service Tax | |||
| Adjustment for change in reserve for unexpired risks | |||
| Gross Earned Premium | 0 | 0 | |
| Add: Premium on reinsurance accepted | 16451251 | 20676993 | |
| Less : Premium on reinsurance ceded | 0 | 0 | |
| Net Premium | 16451251 | 20676993 | |
| Adjustment for change in reserve for unexpired risks | 2131944 | -1408771 | |
| Premium Earned (Net) | 18583195 | 19268222 | |
| (8) | Oth. Misc. | ||
| Premium from direct business written | |||
| Service Tax | |||
| Adjustment for change in reserve for unexpired risks | |||
| Gross Earned Premium | 0 | 0 | |
| Add: Premium on reinsurance accepted | 13476401 | 12449149 | |
| Less : Premium on reinsurance ceded | 894629 | 587796 | |
| Net Premium | 12581772 | 11861353 | |
| Adjustment for change in reserve for unexpired risks | -349977 | -1127619 | |
| Premium Earned (Net) | 12231795 | 10733734 | |
| (9) | FL/Credit | ||
| Premium from direct business written | |||
| Service Tax | |||
| Adjustment for change in reserve for unexpired risks | |||
| Gross Earned Premium | 0 | 0 | |
| Add: Premium on reinsurance accepted | 2544703 | 2779228 | |
| Less : Premium on reinsurance ceded | 0 | 0 | |
| Net Premium | 2544703 | 2779228 | |
| Adjustment for change in reserve for unexpired risks | 117402 | -135627 | |
| Premium Earned (Net) | 2662105 | 2643601 | |
| TOTAL MISCELLANEOUS | |||
| Premium from direct business written | 0 | 0 | |
| Service Tax | |||
| Adjustment for change in reserve for unexpired risks | |||
| Gross Earned Premium | 0 | 0 | |
| Add: Premium on reinsurance accepted | 84703873 | 96924245 | |
| Less : Premium on reinsurance ceded | 2729390 | 2793755 | |
| Net Premium | 81974483 | 94130490 | |
| Adjustment for change in reserve for unexpired risks | 6255414 | -7688322 | |
| Premium Earned (Net) | 88229897 | 86442168 | |
| 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 | |
| Add: Premium on reinsurance accepted | 4165491 | 4747395 | |
| Less : Premium on reinsurance ceded | 394369 | 378179 | |
| Net Premium | 3771122 | 4369216 | |
| Adjustment for change in reserve for unexpired risks | 610545 | 737265 | |
| Premium Earned (Net) | 4381667 | 5106481 | |
| (2) | MARINE HULL | ||
| Premium from direct business written | |||
| Service Tax | |||
| Adjustment for change in reserve for unexpired risks | |||
| Gross Earned Premium | 0 | 0 | |
| Add: Premium on reinsurance accepted | 6689520 | 7533159 | |
| Less : Premium on reinsurance ceded | 1102953 | 1660718 | |
| Net Premium | 5586567 | 5872441 | |
| Adjustment for change in reserve for unexpired risks | 299911 | 892913 | |
| Premium Earned (Net) | 5886478 | 6765354 | |
| TOTAL MARINE | |||
| Premium from direct business written | |||
| Service Tax | |||
| Adjustment for change in reserve for unexpired risks | |||
| Gross Earned Premium | 0 | 0 | |
| Add: Premium on reinsurance accepted | 10855011 | 12280554 | |
| Less : Premium on reinsurance ceded | 1497322 | 2038897 | |
| Net Premium | 9357689 | 10241657 | |
| Adjustment for change in reserve for unexpired risks | 910456 | 1630178 | |
| Premium Earned (Net) | 10268145 | 11871835 | |
| D | LIFE INSURANCE | ||
| Premium from direct business written | |||
| Service Tax | |||
| Adjustment for change in reserve for unexpired risks | |||
| Gross Earned Premium | 0 | 0 | |
| Add: Premium on reinsurance accepted | 1256976 | 954699 | |
| Less : Premium on reinsurance ceded | 248684 | 174148 | |
| Net Premium | 1008292 | 780551 | |
| Adjustment for change in reserve for unexpired risks | 51696 | -289406 | |
| Premium Earned (Net) | 1059988 | 491145 | |
| E | TOTAL ALL CLASSES | ||
| Premium from direct business written | 0 | 0 | |
| Service Tax | |||
| Adjustment for change in reserve for unexpired risks | |||
| Gross Earned Premium | 0 | 0 | |
| Add: Premium on reinsurance accepted | 146801163 | 150858738 | |
| Less : Premium on reinsurance ceded | 14675001 | 13146411 | |
| Net Premium | 132126162 | 137712327 | |
| Adjustment for change in reserve for unexpired risks | 3961970 | -4494462 | |
| Premium Earned (Net) | 136088132 | 133217865 | |