| FORM NL-4-PREMIUM SCHEDULE | |||
|---|---|---|---|
| Name of the Insurer: GENERAL INSURANCE CORPORATION OF INDIA | |||
| PREMIUM EARNED [NET] | |||
| FOR THE PERIOD ENDED 31.03.2015 | |||
| A | FIRE INSURANCE | ( ' 000) | |
| PARTICULARS | For the year ended 31.03.2015 | For the year ended 31.03.2014 | |
| Premium from direct business written | |||
| Service Tax | |||
| Adjustment for change in reserve for unexpired risks | |||
| Gross Earned Premium | 0 | 0 | |
| Add: Premium on reinsurance accepted | 47016449 | 49985303 | |
| Less : Premium on reinsurance ceded | 7616664 | 10199605 | |
| Net Premium | 39399785 | 39785698 | |
| Adjustment for change in reserve for unexpired risks | 287326 | -3255596 | |
| Premium Earned (Net) | 39687111 | 36530102 | |
| 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 | |
| Add: Premium on reinsurance accepted | 38522946 | 34329669 | |
| Less : Premium on reinsurance ceded | 0 | 0 | |
| Net Premium | 38522946 | 34329669 | |
| Adjustment for change in reserve for unexpired risks | -2032288 | 3882760 | |
| Premium Earned (Net) | 36490658 | 38212429 | |
| (2) | AVIATION | ||
| Premium from direct business written | 0 | ||
| Service Tax | |||
| Adjustment for change in reserve for unexpired risks | |||
| Gross Earned Premium | 0 | ||
| Add: Premium on reinsurance accepted | 6863948 | 4263961 | |
| Less : Premium on reinsurance ceded | 961890 | 762096 | |
| Net Premium | 5902058 | 3501865 | |
| Adjustment for change in reserve for unexpired risks | -1179865 | 17449 | |
| Premium Earned (Net) | 4722193 | 3519314 | |
| (3) | ENGINEERING | ||
| Premium from direct business written | |||
| Service Tax | |||
| Adjustment for change in reserve for unexpired risks | |||
| Gross Earned Premium | 0 | 0 | |
| Add: Premium on reinsurance accepted | 7958220 | 8592130 | |
| Less : Premium on reinsurance ceded | 854396 | 930689 | |
| Net Premium | 7103824 | 7661441 | |
| Adjustment for change in reserve for unexpired risks | 281556 | -497313 | |
| Premium Earned (Net) | 7385380 | 7164128 | |
| (4) | W.C. | ||
| Premium from direct business written | |||
| Service Tax | |||
| Adjustment for change in reserve for unexpired risks | |||
| Gross Earned Premium | 0 | 0 | |
| Add: Premium on reinsurance accepted | 182702 | 242956 | |
| Less : Premium on reinsurance ceded | 0 | 0 | |
| Net Premium | 182702 | 242956 | |
| Adjustment for change in reserve for unexpired risks | 30085 | 92523 | |
| Premium Earned (Net) | 212787 | 335479 | |
| (5) | Liability | ||
| Premium from direct business written | |||
| Service Tax | |||
| Adjustment for change in reserve for unexpired risks | |||
| Gross Earned Premium | 0 | 0 | |
| Add: Premium on reinsurance accepted | 1153477 | 1005155 | |
| Less : Premium on reinsurance ceded | 116619 | 128815 | |
| Net Premium | 1036858 | 876340 | |
| Adjustment for change in reserve for unexpired risks | -80778 | 188375 | |
| Premium Earned (Net) | 956080 | 1064715 | |
| (6) | PA | ||
| Premium from direct business written | |||
| Service Tax | |||
| Adjustment for change in reserve for unexpired risks | |||
| Gross Earned Premium | 0 | 0 | |
| Add: Premium on reinsurance accepted | 2691267 | 3797647 | |
| Less : Premium on reinsurance ceded | 11685 | 13161 | |
| Net Premium | 2679582 | 3784486 | |
| Adjustment for change in reserve for unexpired risks | 559125 | 672251 | |
| Premium Earned (Net) | 3238707 | 4456737 | |
| (7) | Health | ||
| Premium from direct business written | |||
| Service Tax | |||
| Adjustment for change in reserve for unexpired risks | |||
| Gross Earned Premium | 0 | 0 | |
| Add: Premium on reinsurance accepted | 21049810 | 16451251 | |
| Less : Premium on reinsurance ceded | 0 | 0 | |
| Net Premium | 21049810 | 16451251 | |
| Adjustment for change in reserve for unexpired risks | -2383824 | 2131944 | |
| Premium Earned (Net) | 18665986 | 18583195 | |
| (8) | Oth. Misc. | ||
| Premium from direct business written | |||
| Service Tax | |||
| Adjustment for change in reserve for unexpired risks | |||
| Gross Earned Premium | 0 | 0 | |
| Add: Premium on reinsurance accepted | 12349017 | 13476401 | |
| Less : Premium on reinsurance ceded | 1772572 | 894629 | |
| Net Premium | 10576445 | 12581772 | |
| Adjustment for change in reserve for unexpired risks | 1007847 | -349977 | |
| Premium Earned (Net) | 11584292 | 12231795 | |
| (9) | FL/Credit | ||
| Premium from direct business written | |||
| Service Tax | |||
| Adjustment for change in reserve for unexpired risks | |||
| Gross Earned Premium | 0 | 0 | |
| Add: Premium on reinsurance accepted | 1455353 | 2544703 | |
| Less : Premium on reinsurance ceded | 0 | 0 | |
| Net Premium | 1455353 | 2544703 | |
| Adjustment for change in reserve for unexpired risks | 545079 | 117402 | |
| Premium Earned (Net) | 2000432 | 2662105 | |
| TOTAL MISCELLANEOUS | |||
| Premium from direct business written | 0 | 0 | |
| Service Tax | |||
| Adjustment for change in reserve for unexpired risks | |||
| Gross Earned Premium | 0 | 0 | |
| Add: Premium on reinsurance accepted | 92226740 | 84703873 | |
| Less : Premium on reinsurance ceded | 3717162 | 2729390 | |
| Net Premium | 88509578 | 81974483 | |
| Adjustment for change in reserve for unexpired risks | -3253063 | 6255414 | |
| Premium Earned (Net) | 85256515 | 88229897 | |
| 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 | |
| Add: Premium on reinsurance accepted | 3806211 | 4165491 | |
| Less : Premium on reinsurance ceded | 277104 | 394369 | |
| Net Premium | 3529107 | 3771122 | |
| Adjustment for change in reserve for unexpired risks | 228826 | 610545 | |
| Premium Earned (Net) | 3757933 | 4381667 | |
| (2) | MARINE HULL | ||
| Premium from direct business written | |||
| Service Tax | |||
| Adjustment for change in reserve for unexpired risks | |||
| Gross Earned Premium | 0 | 0 | |
| Add: Premium on reinsurance accepted | 7217036 | 6689520 | |
| Less : Premium on reinsurance ceded | 1282284 | 1102953 | |
| Net Premium | 5934752 | 5586567 | |
| Adjustment for change in reserve for unexpired risks | -358096 | 299911 | |
| Premium Earned (Net) | 5576656 | 5886478 | |
| TOTAL MARINE | |||
| Premium from direct business written | |||
| Service Tax | |||
| Adjustment for change in reserve for unexpired risks | |||
| Gross Earned Premium | 0 | 0 | |
| Add: Premium on reinsurance accepted | 11023247 | 10855011 | |
| Less : Premium on reinsurance ceded | 1559388 | 1497322 | |
| Net Premium | 9463859 | 9357689 | |
| Adjustment for change in reserve for unexpired risks | -129270 | 910456 | |
| Premium Earned (Net) | 9334589 | 10268145 | |
| D | LIFE INSURANCE | ||
| Premium from direct business written | |||
| Service Tax | |||
| Adjustment for change in reserve for unexpired risks | |||
| Gross Earned Premium | 0 | 0 | |
| Add: Premium on reinsurance accepted | 1573224 | 1256976 | |
| Less : Premium on reinsurance ceded | 376312 | 248684 | |
| Net Premium | 1196912 | 1008292 | |
| Adjustment for change in reserve for unexpired risks | 107396 | 51696 | |
| Premium Earned (Net) | 1304308 | 1059988 | |
| E | TOTAL ALL CLASSES | ||
| Premium from direct business written | 0 | 0 | |
| Service Tax | |||
| Adjustment for change in reserve for unexpired risks | |||
| Gross Earned Premium | 0 | 0 | |
| Add: Premium on reinsurance accepted | 151839660 | 146801163 | |
| Less : Premium on reinsurance ceded | 13269526 | 14675001 | |
| Net Premium | 138570134 | 132126162 | |
| Adjustment for change in reserve for unexpired risks | -2987611 | 3961970 | |
| Premium Earned (Net) | 135582523 | 136088132 | |