| FORM NL-33 - SOLVENCY MARGIN - KGII | |||||||
|---|---|---|---|---|---|---|---|
| TABLE - II | |||||||
| Insurer: | GENERAL INSURANCE CORPORATION OF INDIA. | ||||||
| Solvency for the year ended on 30.09.2015 | |||||||
| 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): | 3022043.74 | |||||
| Deduct: | |||||||
| 2 | Liabilities (reserves as mentioned in Form HG) | 2845945.16 | |||||
| 3 | Other Liabilities (other liabilities in respect of Policyholders’ Fund as mentioned in Balance Sheet) | NIL | |||||
| 4 | Excess in Policyholders’ Funds (1-2-3) | 176098.58 | |||||
| 5 | Available Assets in Shareholders’ Funds (value of Assets as mentioned in Form IRDA-Assets-AA): | 1476061.89 | |||||
| Deduct: | |||||||
| 6 | Other Liabilities (other liabilities in respect of Shareholders’ Fund as mentioned in Balance Sheet) | 313153.09 | |||||
| 7 | Excess in Shareholders’ Funds (5-6) | 1162908.80 | |||||
| 8 | Total Available Solvency Margin [ASM] (4+7) | 1339007.37 | |||||
| 9 | Total Required Solvency Margin [RSM] | 415373.44 | |||||
| 10 | Solvency Ratio (Total ASM/Total RSM) | 3.22 | |||||