| FORM NL-33 - SOLVENCY MARGIN - KGII | |||
| TABLE - II | |||
| Insurer: | GENERAL INSURANCE CORPORATION OF INDIA. | ||
| Solvency for the year ended on 31.12.2014 | |||
| Available Solvency Margin and Solvency Ratio | |||
| (` in Lacs) | |||
| Item | Description | Notes No. | Amount |
|---|---|---|---|
| -1 | -2 | -3 | -4 |
| 1 | Available Assets in Policyholders’ Funds (adjusted value of Assets as mentioned in Form IRDA-Assets-AA): | 3062082.141 | |
| Deduct: | |||
| 2 | Liabilities (reserves as mentioned in Form HG) | 2695986.421 | |
| 3 | Other Liabilities (other liabilities in respect of Policyholders’ Fund as mentioned in Balance Sheet) | NIL | |
| 4 | Excess in Policyholders’ Funds (1-2-3) | 366095.7197 | |
| 5 | Available Assets in Shareholders’ Funds (value of Assets as mentioned in Form IRDA-Assets-AA): | 1264464.183 | |
| Deduct: | |||
| 6 | Other Liabilities (other liabilities in respect of Shareholders’ Fund as mentioned in Balance Sheet) | 376294.4821 | |
| 7 | Excess in Shareholders’ Funds (5-6) | 888169.7013 | |
| 8 | Total Available Solvency Margin [ASM] (4+7) | 1254265.421 | |
| 9 | Total Required Solvency Margin [RSM] | 413009.4415 | |
| 10 | Solvency Ratio (Total ASM/Total RSM) | 3.036892853 | |