| FORM NL-31: Related Party Transactions | |||||||
| Insurer: | GIC Re | Date: | 31.03.2015 | ||||
| (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 31.03.2015 | Up to the Quarter 31.03.2015 | Corresponding quarter of the preceding year 31.03.2014 | Up to the Quarter of the preceding year 31.03.2014 | ||||
| 1 | Kenindia Assurance Company | Associate Company | Net Premiun - Net commission - Net Claims | 512.38658 | 29705.83141 | -67239.69 | -421302.22 |
| 2 | India International Pte LTD. | Associate Company | Net Premiun - Net commission - Net Claims | 73939.90347 | 69531.8693 | -188393.2 | -298619.68 |
| 3 | Agricultural Insurance Company of India Ltd | Associate Company | Net Premiun - Net commission - Net Claims | 222836.84 | -200437.371 | 407885.35 | 8705.01 |
| 4 | East Africa Re | Associate Company | Net Premiun - Net commission - Net Claims | -3042.43451 | -3114.51486 | 2951.56 | 5844.55 |
| 5 | Asian Reinsurance | Associate Company | Net Premiun - Net commission - Net Claims | 94464.19626 | -139458.3829 | -88734.42 | -805944.95 |