| FORM NL-4-PREMIUM SCHEDULE | |||||
|---|---|---|---|---|---|
| Name of the Insurer:..GENERAL INSURANCE CORPORATION OF INDIA | |||||
| PREMIUM EARNED [NET] | |||||
| FOR THE PERIOD ENDED 31.12.2014 | |||||
| A | FIRE INSURANCE | (` '000) | |||
| PARTICULARS | For the quarter ending 31.12.2014 | Up to the quarter ending 31.12.2014 | 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 | 13040128 | 37035581 | 9741522 | 34204695 | |
| Less : Premium on reinsurance ceded | 3194223 | 6394992 | 3561102 | 8528391 | |
| Net Premium | 9845905 | 30640589 | 6180420 | 25676304 | |
| Adjustment for change in reserve for unexpired risks | -1604929 | -1100532 | 555838 | 460637 | |
| Premium Earned (Net) | 8240976 | 29540057 | 6736258 | 26136941 | |
| 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 | 9123903 | 26739594 | 9271099 | 24063585 | |
| Less : Premium on reinsurance ceded | 0 | 0 | 0 | 0 | |
| Net Premium | 9123903 | 26739594 | 9271099 | 24063585 | |
| Adjustment for change in reserve for unexpired risks | 77823 | -1365676 | -372856 | 1829148 | |
| Premium Earned (Net) | 9201726 | 25373918 | 8898243 | 25892733 | |
| (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 | 1988499 | 5359849 | 1575347 | 3531438 | |
| Less : Premium on reinsurance ceded | 228000 | 790256 | 250274 | 543175 | |
| Net Premium | 1760499 | 4569593 | 1325073 | 2988263 | |
| Adjustment for change in reserve for unexpired risks | -387127 | -827863 | 93443 | -346770 | |
| Premium Earned (Net) | 1373372 | 3741730 | 1418516 | 2641493 | |
| (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 | 1549359 | 5970139 | 2071895 | 6358535 | |
| Less : Premium on reinsurance ceded | 611446 | 797399 | 460992 | 850153 | |
| Net Premium | 937913 | 5172740 | 1610903 | 5508382 | |
| Adjustment for change in reserve for unexpired risks | 303895 | 147432 | -223138 | -320462 | |
| Premium Earned (Net) | 1241808 | 5320172 | 1387765 | 5187920 | |
| (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 | 28926 | 108725 | 51485 | 167487 | |
| Less : Premium on reinsurance ceded | 0 | 0 | 0 | 0 | |
| Net Premium | 28926 | 108725 | 51485 | 167487 | |
| Adjustment for change in reserve for unexpired risks | 11271 | 29315 | 37617 | 64975 | |
| Premium Earned (Net) | 40197 | 138040 | 89102 | 232462 | |
| (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 | 425258 | 1021154 | 233482 | 797359 | |
| Less : Premium on reinsurance ceded | 18174 | 66404 | 60836 | 125244 | |
| Net Premium | 407084 | 954750 | 172646 | 672115 | |
| Adjustment for change in reserve for unexpired risks | -118853 | -143629 | 139469 | 317797 | |
| Premium Earned (Net) | 288231 | 811121 | 312115 | 989912 | |
| (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 | 683677 | 1658639 | 1155571 | 2858233 | |
| Less : Premium on reinsurance ceded | 2571 | 7480 | 9766 | 13479 | |
| Net Premium | 681106 | 1651159 | 1145805 | 2844754 | |
| Adjustment for change in reserve for unexpired risks | 233730 | 597029 | -1004 | 353876 | |
| Premium Earned (Net) | 914836 | 2248188 | 1144801 | 3198630 | |
| (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 | 5773169 | 14435253 | 4810422 | 11442543 | |
| Less : Premium on reinsurance ceded | 0 | 0 | 0 | 0 | |
| Net Premium | 5773169 | 14435253 | 4810422 | 11442543 | |
| Adjustment for change in reserve for unexpired risks | -549917 | -1588486 | 115630 | 1676809 | |
| Premium Earned (Net) | 5223252 | 12846767 | 4926052 | 13119352 | |
| (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 | 4331198 | 9403285 | 3783798 | 8969937 | |
| Less : Premium on reinsurance ceded | 1508764 | 1715247 | 418181 | 697388 | |
| Net Premium | 2822434 | 7688038 | 3365617 | 8272549 | |
| Adjustment for change in reserve for unexpired risks | 269749 | 287996 | -518240 | -179764 | |
| Premium Earned (Net) | 3092183 | 7976034 | 2847377 | 8092785 | |
| (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 | 587838 | 1521081 | 593509 | 1912235 | |
| Less : Premium on reinsurance ceded | 0 | 0 | 0 | 0 | |
| Net Premium | 587838 | 1521081 | 593509 | 1912235 | |
| Adjustment for change in reserve for unexpired risks | 2959 | 195628 | 49267 | 57225 | |
| Premium Earned (Net) | 590797 | 1716709 | 642776 | 1969460 | |
| 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 | 24491827 | 66217719 | 23546608 | 60101352 | |
| Less : Premium on reinsurance ceded | 2368955 | 3376786 | 1200049 | 2229439 | |
| Net Premium | 22122872 | 62840933 | 22346559 | 57871913 | |
| Adjustment for change in reserve for unexpired risks | -156470 | -2668254 | -679812 | 3452833 | |
| Premium Earned (Net) | 21966402 | 60172679 | 21666747 | 61324746 | |
| 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 | 870219 | 2706658 | 1054045 | 3325817 | |
| Less : Premium on reinsurance ceded | 133613 | 224126 | 121474 | 305118 | |
| Net Premium | 736606 | 2482532 | 932571 | 3020699 | |
| Adjustment for change in reserve for unexpired risks | 178095 | 516561 | 311230 | 670457 | |
| Premium Earned (Net) | 914701 | 2999093 | 1243801 | 3691156 | |
| (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 | 1559200 | 5971601 | 1261909 | 5008608 | |
| Less : Premium on reinsurance ceded | 557518 | 954094 | 167445 | 685855 | |
| Net Premium | 1001682 | 5017507 | 1094464 | 4322753 | |
| Adjustment for change in reserve for unexpired risks | 97255 | -671621 | 465515 | 57119 | |
| Premium Earned (Net) | 1098937 | 4345886 | 1559979 | 4379872 | |
| 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 | 2429419 | 8678259 | 2315954 | 8334425 | |
| Less : Premium on reinsurance ceded | 691131 | 1178220 | 288919 | 990973 | |
| Net Premium | 1738288 | 7500039 | 2027035 | 7343452 | |
| Adjustment for change in reserve for unexpired risks | 275350 | -155060 | 776745 | 727576 | |
| Premium Earned (Net) | 2013638 | 7344979 | 2803780 | 8071028 | |
| 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 | 353518 | 1128435 | 458767 | 911954 | |
| Less : Premium on reinsurance ceded | 72468 | 283905 | 80030 | 196678 | |
| Net Premium | 281050 | 844530 | 378737 | 715276 | |
| Adjustment for change in reserve for unexpired risks | 256916 | 107851 | -54927 | -145934 | |
| Premium Earned (Net) | 537966 | 952381 | 323810 | 569342 | |
| 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 | 40314892 | 113059994 | 36062851 | 103552426 | |
| Less : Premium on reinsurance ceded | 6326777 | 11233903 | 5130100 | 11945481 | |
| Net Premium | 33988115 | 101826091 | 30932751 | 91606945 | |
| Adjustment for change in reserve for unexpired risks | -1229133 | -3815995 | 597844 | 4495111 | |
| Premium Earned (Net) | 32758982 | 98010096 | 31530595 | 96102056 | |