| FORM NL-31: Related Party Transactions | |||||||
| Insurer: | GIC Re | Date: | 31.12.2014 | ||||
| (Rs in Thousand) | |||||||
| Related Party Transactions | |||||||
| Sl.No. | Name of the Related Party | Nature of Relationship with the Company | Description of Transactions / Categories | Consideration paid / received* | |||
|---|---|---|---|---|---|---|---|
| For the quarter 31.12.2014 | Up to the Quarter 31.12.2014 | Corresponding quarter of the preceding year 31.12.2013 | Up to the Quarter of the preceding year 31.12.2013 | ||||
| 1 | Kenindia Assurance Company | Associate Company | Net Premiun - Net commission - Net Claims | -9,929 | 29,193 | -11,244 | -354,063 |
| 2 | India International Pte LTD. | Associate Company | Net Premiun - Net commission - Net Claims | -60,087 | -4,408 | 29,997 | -110,226 |
| 3 | Agricultural Insurance Company of India Ltd | Associate Company | Net Premiun - Net commission - Net Claims | 898,041 | -423,274 | 235,170 | -399,180 |
| 4 | East Africa Re | Associate Company | Net Premiun - Net commission - Net Claims | 129 | -72 | 317 | 2,893 |
| 5 | Asian Reinsurance | Associate Company | Net Premiun - Net commission - Net Claims | -67,127 | -233,923 | -574,964 | -717,211 |
| (-) indicates amount payable by GIC | |||||||
| *including the premium flow through Associates/Group companies as an agent | |||||||