| FORM NL-31: Related Party Transactions | |||||||
|---|---|---|---|---|---|---|---|
| Insurer: | GIC Re | Date: | .31.03.2015 | . | |||
| . | . | (Rs in Lakhs) | . | . | . | ||
| Related Party Transactions | |||||||
| Sl.No. | Name of the Related Party | Nature of Relationship with the Company | Description of Transactions / Categories | Consideration paid / received* | |||
| As on 31.03.2015 | As on 31.03.2014 | ||||||
| 1 | Kenindia Assurance Company | Associate Company | Net Premiun - Net commission - Net Claims | -67,240 | -421,302 | ||
| 2 | India International Pte LTD. | Associate Company | Net Premiun - Net commission - Net Claims | -188,393 | -298,620 | ||
| 3 | Agricultural Insurance Company of India Ltd | Associate Company | Net Premiun - Net commission - Net Claims | 407,885 | 8,705 | ||
| 4 | East Africa Re | Associate Company | Net Premiun - Net commission - Net Claims | 2,952 | 5,845 | ||
| 5 | Asian Reinsurance | Associate Company | Net Premiun - Net commission - Net Claims | -88,734 | -805,945 | ||
| *including the premium flow through Associates/ Group companies as an agent | .. | ||||||
| (-) indicates amount payable by GIC | |||||||