| FORM NL-4-PREMIUM SCHEDULE | |||||
|---|---|---|---|---|---|
| Name of the Insurer: GENERAL INSURANCE CORPORATION OF INDIA | |||||
| PREMIUM EARNED [NET] | |||||
| FOR THE PERIOD ENDED 30.06.2014 | |||||
| A | FIRE INSURANCE | (` '000) | |||
| PARTICULARS | For the quarter ending 30.06.2014 | Up to the quarter ending 30.06.2014 | For the corresponding quarter of the preceeding year | Up to the Quarter of the prceeding year | |
| 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 | 13040541 | 13040541 | 12803418 | 12803418 | |
| Less : Premium on reinsurance ceded | 2593873 | 2593873 | 1555953 | 1555953 | |
| Net Premium | 10446668 | 10446668 | 11247465 | 11247465 | |
| Adjustment for change in reserve for unexpired risks | 1220023 | 1220023 | -559030 | -559030 | |
| Premium Earned (Net) | 11666691 | 11666691 | 10688435 | 10688435 | |
| 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 | 8706240 | 8706240 | 5430311 | 5430311 | |
| Less : Premium on reinsurance ceded | 0 | 0 | 0 | 0 | |
| Net Premium | 8706240 | 8706240 | 5430311 | 5430311 | |
| Adjustment for change in reserve for unexpired risks | -1616535 | -1616535 | 2255932 | 2255932 | |
| Premium Earned (Net) | 7089705 | 7089705 | 7686243 | 7686243 | |
| (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 | 1436178 | 1436178 | 857310 | 857310 | |
| Less : Premium on reinsurance ceded | 283609 | 283609 | 44800 | 44800 | |
| Net Premium | 1152569 | 1152569 | 812510 | 812510 | |
| Adjustment for change in reserve for unexpired risks | -52643 | -52643 | -199624 | -199624 | |
| Premium Earned (Net) | 1099926 | 1099926 | 612886 | 612886 | |
| (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 | 2332752 | 2332752 | 2352979 | 2352979 | |
| Less : Premium on reinsurance ceded | 4117 | 4117 | 64426 | 64426 | |
| Net Premium | 2328635 | 2328635 | 2288553 | 2288553 | |
| Adjustment for change in reserve for unexpired risks | 33127 | 33127 | -87455 | -87455 | |
| Premium Earned (Net) | 2361762 | 2361762 | 2201098 | 2201098 | |
| (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 | 43617 | 43617 | 63550 | 63550 | |
| Less : Premium on reinsurance ceded | 0 | 0 | 0 | 0 | |
| Net Premium | 43617 | 43617 | 63550 | 63550 | |
| Adjustment for change in reserve for unexpired risks | 9977 | 9977 | -653 | -653 | |
| Premium Earned (Net) | 53594 | 53594 | 62897 | 62897 | |
| (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 | 341503 | 341503 | 225905 | 225905 | |
| Less : Premium on reinsurance ceded | 5236 | 5236 | 60836 | 60836 | |
| Net Premium | 336267 | 336267 | 165069 | 165069 | |
| Adjustment for change in reserve for unexpired risks | -85198 | -85198 | 208321 | 208321 | |
| Premium Earned (Net) | 251069 | 251069 | 373390 | 373390 | |
| (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 | 576458 | 576458 | 989548 | 989548 | |
| Less : Premium on reinsurance ceded | 4083 | 4083 | 2604 | 2604 | |
| Net Premium | 572375 | 572375 | 986944 | 986944 | |
| Adjustment for change in reserve for unexpired risks | 204803 | 204803 | 76750 | 76750 | |
| Premium Earned (Net) | 777178 | 777178 | 1063694 | 1063694 | |
| (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 | 3863473 | 3863473 | 2833659 | 2833659 | |
| Less : Premium on reinsurance ceded | 0 | 0 | 0 | 0 | |
| Net Premium | 3863473 | 3863473 | 2833659 | 2833659 | |
| Adjustment for change in reserve for unexpired risks | -497314 | -497314 | 772208 | 772208 | |
| Premium Earned (Net) | 3366159 | 3366159 | 3605867 | 3605867 | |
| (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 | 2205577 | 2205577 | 3462419 | 3462419 | |
| Less : Premium on reinsurance ceded | 88350 | 88350 | 8041 | 8041 | |
| Net Premium | 2117227 | 2117227 | 3454378 | 3454378 | |
| Adjustment for change in reserve for unexpired risks | 673201 | 673201 | -311191 | -311191 | |
| Premium Earned (Net) | 2790428 | 2790428 | 3143187 | 3143187 | |
| (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 | 568217 | 568217 | 787250 | 787250 | |
| Less : Premium on reinsurance ceded | 0 | 0 | 0 | 0 | |
| Net Premium | 568217 | 568217 | 787250 | 787250 | |
| Adjustment for change in reserve for unexpired risks | 109498 | 109498 | 10464 | 10464 | |
| Premium Earned (Net) | 677715 | 677715 | 797714 | 797714 | |
| 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 | 20074015 | 20074015 | 17002931 | 17002931 | |
| Less : Premium on reinsurance ceded | 385395 | 385395 | 180707 | 180707 | |
| Net Premium | 19688620 | 19688620 | 16822224 | 16822224 | |
| Adjustment for change in reserve for unexpired risks | -1221084 | -1221084 | 2724752 | 2724752 | |
| Premium Earned (Net) | 18467536 | 18467536 | 19546976 | 19546976 | |
| 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 | 1234667 | 1234667 | 1292923 | 1292923 | |
| Less : Premium on reinsurance ceded | 45295 | 45295 | 64543 | 64543 | |
| Net Premium | 1189372 | 1189372 | 1228380 | 1228380 | |
| Adjustment for change in reserve for unexpired risks | 64626 | 64626 | 96649 | 96649 | |
| Premium Earned (Net) | 1253998 | 1253998 | 1325029 | 1325029 | |
| (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 | 1479196 | 1479196 | 2145878 | 2145878 | |
| Less : Premium on reinsurance ceded | 199313 | 199313 | 132714 | 132714 | |
| Net Premium | 1279883 | 1279883 | 2013164 | 2013164 | |
| Adjustment for change in reserve for unexpired risks | 741005 | 741005 | -702258 | -702258 | |
| Premium Earned (Net) | 2020888 | 2020888 | 1310906 | 1310906 | |
| 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 | 2713863 | 2713863 | 3438801 | 3438801 | |
| Less : Premium on reinsurance ceded | 244608 | 244608 | 197257 | 197257 | |
| Net Premium | 2469255 | 2469255 | 3241544 | 3241544 | |
| Adjustment for change in reserve for unexpired risks | 805631 | 805631 | -605609 | -605609 | |
| Premium Earned (Net) | 3274886 | 3274886 | 2635935 | 2635935 | |
| 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 | 377123 | 377123 | 297547 | 297547 | |
| Less : Premium on reinsurance ceded | 82749 | 82749 | 51391 | 51391 | |
| Net Premium | 294374 | 294374 | 246156 | 246156 | |
| Adjustment for change in reserve for unexpired risks | -180439 | -180439 | -87352 | -87352 | |
| Premium Earned (Net) | 113935 | 113935 | 158804 | 158804 | |
| 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 | 36205542 | 36205542 | 33542697 | 33542697 | |
| Less : Premium on reinsurance ceded | 3306625 | 3306625 | 1985308 | 1985308 | |
| Net Premium | 32898917 | 32898917 | 31557389 | 31557389 | |
| Adjustment for change in reserve for unexpired risks | 624131 | 624131 | 1472761 | 1472761 | |
| Premium Earned (Net) | 33523048 | 33523048 | 33030150 | 33030150 | |