| 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 30.09.2014 |
| FIRE INSURANCE BUSINESS |
( ` IN 000) |
Sr. No.
|
PARTICULARS |
SCHEDULE |
For the quarter ending 30.09.2014 |
Up to the quarter ending 30.09.2014 |
For the corresponding quarter of the preceding year |
Up to the Quarter of the preceding year |
| 1 |
Premiums earned (Net) |
NL-4-Premium Schedule |
9632391 |
21299082 |
8712249 |
19400683 |
| 2 |
Profit on sale of Investments (Net) |
|
723618 |
2040788 |
821762 |
1136584 |
| 3 |
Profit/-Loss on Exchange Fluctuation |
|
-1082 |
-61312 |
475841 |
844550 |
| 4 |
Interest, Dividend & Rent - Gross |
|
2019550 |
3427596 |
1775423 |
3088621 |
|
TOTAL (A) |
|
12374477 |
26706154 |
11785275 |
24470438 |
| 1 |
Claims Incurred (Net) |
NL-5-Claims Schedule |
12445199 |
22284114 |
13715094 |
22900210 |
| 2 |
Commission (Net) |
NL-6-Commission Schedule |
1916226 |
4139541 |
2288485 |
4540699 |
| 3 |
Operating Expenses related to Insurance Business |
NL-7-Operating Expenses Schedule |
134979 |
283072 |
136164 |
294783 |
| 4 |
Expenses relating to Investments |
|
2014 |
3225 |
1490 |
2504 |
|
TOTAL (B) |
|
14498418 |
26709952 |
16141233 |
27738196 |
|
|
|
|
|
|
|
|
Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B) |
|
-2123941 |
-3798 |
-4355958 |
-3267758 |
|
APPROPRIATIONS |
|
|
|
|
|
|
Transfer to Shareholders’ Account |
|
-2123941 |
-3798 |
-4355958 |
-3267758 |
|
Transfer to Catastrophe Reserve |
|
|
|
|
|
|
Transfer to Other Reserves (to be specified) |
|
|
|
|
|
|
TOTAL (C) |
|
-2123941 |
-3798 |
-4355958 |
-3267758 |
| 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 |
Sr. No.
|
PARTICULARS |
SCHEDULE |
For the quarter ending 30.09.2014 |
Up to the quarter ending 30.09.2014 |
For the corresponding quarter of the preceeding year |
Up to the Quarter of the prceeding year |
| 1 |
Premiums earned (Net) |
NL-4-Premium Schedule |
19738742 |
38206278 |
20111025 |
39658001 |
| 2 |
Profit on sale of Investments (Net) |
|
1124466 |
3171284 |
1434444 |
1983990 |
| 3 |
Profit/-Loss on Exchange Fluctuation |
|
-1218 |
-83106 |
882427 |
1885524 |
| 4 |
Interest, Dividend & Rent - Gross |
|
3138281 |
5326316 |
3099130 |
5391411 |
|
TOTAL (A) |
|
24000271 |
46620772 |
25527026 |
48918926 |
| 1 |
Claims Incurred (Net) |
NL-5-Claims Schedule |
11544017 |
26947659 |
14468969 |
32609280 |
| 2 |
Commission (Net) |
NL-6-Commission Schedule |
3725713 |
7534875 |
4180918 |
7190118 |
| 3 |
Operating Expenses related to Insurance Business |
NL-7-Operating Expenses Schedule |
222227 |
416537 |
203759 |
395248 |
| 4 |
Expenses relating to Investments |
|
3130 |
5012 |
2600 |
4370 |
| 5 |
Premium Deficiency |
|
0 |
0 |
0 |
0 |
|
TOTAL (B) |
|
15495087 |
34904083 |
18856246 |
40199016 |
|
|
|
|
|
|
|
|
Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B) |
|
8505184 |
11716689 |
6670780 |
8719910 |
|
APPROPRIATIONS |
|
|
|
|
|
|
Transfer to Shareholders’ Account |
|
8505184 |
11716689 |
6670780 |
8719910 |
|
Transfer to Catastrophe Reserve |
|
|
|
|
|
|
Transfer to Other Reserves (to be specified) |
|
|
|
|
|
|
TOTAL (C) |
|
8505184 |
11716689 |
6670780 |
8719910 |
| 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 |
Sr. No.
|
PARTICULARS |
SCHEDULE |
For the quarter ending 30.09.2014 |
Up to the quarter ending 30.09.2014 |
For the corresponding quarter of the preceeding year |
Up to the Quarter of the prceeding year |
| 1 |
Premiums earned (Net) |
NL-4-Premium Schedule |
2056454 |
5331340 |
2631313 |
5267248 |
| 2 |
Profit on sale of Investments (Net) |
|
162803 |
459146 |
230155 |
318329 |
| 3 |
Profit/-Loss on Exchange Fluctuation |
|
-182 |
-12034 |
133111 |
265014 |
| 4 |
Interest, Dividend & Rent - Gross |
|
454368 |
771157 |
497252 |
865046 |
|
TOTAL (A) |
|
2673443 |
6549609 |
3491831 |
6715637 |
| 1 |
Claims Incurred (Net) |
NL-5-Claims Schedule |
487680 |
3321487 |
878121 |
2466464 |
| 2 |
Commission (Net) |
NL-6-Commission Schedule |
493471 |
992947 |
481392 |
1127952 |
| 3 |
Operating Expenses related to Insurance Business |
NL-7-Operating Expenses Schedule |
28338 |
49218 |
19127 |
49488 |
| 4 |
Expenses relating to Investments |
|
454 |
726 |
417 |
701 |
|
TOTAL (B) |
|
1009943 |
4364378 |
1379057 |
3644605 |
|
|
|
|
|
|
|
|
Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B) |
|
1663500 |
2185231 |
2112774 |
3071032 |
|
APPROPRIATIONS |
|
|
|
|
|
|
Transfer to Shareholders’ Account |
|
1663500 |
2185231 |
2112774 |
3071032 |
|
Transfer to Catastrophe Reserve |
|
|
|
|
|
|
Transfer to Other Reserves (to be specified) |
|
|
|
|
|
|
TOTAL (C) |
|
1663500 |
2185231 |
2112774 |
3071032 |
| 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 Marine Insurance Business have been fully debited in the Marine Insurance Revenue Accounts as expenses. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| LIFE INSURANCE BUSINESS |
Sr. No.
|
PARTICULARS |
SCHEDULE |
For the quarter ending 30.09.2014 |
Up to the quarter ending 30.09.2014 |
For the corresponding quarter of the preceeding year |
Up to the Quarter of the prceeding year |
| 1 |
Premiums earned (Net) |
NL-4-Premium Schedule |
300481 |
414415 |
86727 |
245531 |
| 2 |
Profit on sale of Investments (Net) |
|
7980 |
22505 |
7115 |
9841 |
| 3 |
Profit/-Loss on Exchange Fluctuation |
|
-9 |
-585 |
4115 |
9327 |
| 4 |
Interest, Dividend & Rent - Gross |
|
22271 |
37798 |
15372 |
26742 |
|
TOTAL (A) |
|
330723 |
474133 |
113329 |
291441 |
| 1 |
Claims Incurred (Net) |
NL-5-Claims Schedule |
69400 |
209093 |
250389 |
434099 |
| 2 |
Commission (Net) |
NL-6-Commission Schedule |
39341 |
53170 |
487 |
5742 |
| 3 |
Operating Expenses related to Insurance Business |
NL-7-Operating Expenses Schedule |
3951 |
7645 |
1561 |
5031 |
| 4 |
Expenses relating to Investments |
|
23 |
36 |
13 |
22 |
|
TOTAL (B) |
|
112715 |
269944 |
252450 |
444894 |
|
|
|
|
|
|
|
|
Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B) |
|
218008 |
204190 |
-139121 |
-153453 |
|
APPROPRIATIONS |
|
|
|
|
|
|
Transfer to Shareholders’ Account |
|
218008 |
204190 |
-139121 |
-153453 |
|
Transfer to Catastrophe Reserve |
|
|
|
|
|
|
Transfer to Other Reserves (to be specified) |
|
|
|
|
|
|
TOTAL (C) |
|
218008 |
204190 |
-139121 |
-153453 |
| 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 Life Insurance Business have been fully debited in the Life Insurance Revenue Accounts as expenses. |