| FORM NL-5 - CLAIMS SCHEDULE | |||||
| Name of the Insurer: GENERAL INSURANCE CORPORATION OF INDIA | |||||
| CLAIMS INCURRED [NET] | |||||
| FOR THE PERIOD ENDED 30.09.2015 | |||||
| (` '000) | |||||
| PARTICULARS | For the quarter ending 30.09.2015 | Up to the quarter ending 30.09.2015 | For the corresponding quarter of the preceeding year | Up to the Quarter of the prceeding year | |
|---|---|---|---|---|---|
| A | FIRE INSURANCE | ||||
| Claims paid | |||||
| Direct claims | |||||
| Add Claims Outstanding at the end of the year | |||||
| Less Claims Outstanding at the beginning of the year | |||||
| Gross Incurred Claims | |||||
| Add :Re-insurance accepted to direct claims | 10215916 | 17967270 | 7987698 | 16418133 | |
| Less :Re-insurance Ceded to claims paid | 4703294 | 5381981 | 453391 | 74904 | |
| Net Claims Paid | 5512622 | 12585289 | 7534307 | 16343229 | |
| Add : Claims Outstanding at the end of the year | 8476314 | 77618612 | 4881277 | 82119342 | |
| Less: Claims Outstanding at the beginning of the year | 0 | 67582224 | -29616 | 76178456 | |
| Total Claims Incurred | 13988936 | 22621677 | 12445200 | 22284115 | |
| B | MISCELLANEOUS INSURANCE | ||||
| (1) | MOTOR | ||||
| Claims paid | |||||
| Direct claims | |||||
| Add Claims Outstanding at the end of the year | |||||
| Less Claims Outstanding at the beginning of the year | |||||
| Gross Incurred Claims | |||||
| Add :Re-insurance accepted to direct claims | 5676548 | 13697138 | 4939093 | 26226716 | |
| Less :Re-insurance Ceded to claims paid | 0 | 0 | 0 | 0 | |
| Net Claims Paid | 5676548 | 13697138 | 4939093 | 26226716 | |
| Add : Claims Outstanding at the end of the year | 397858 | 52316238 | 5299580 | 43600920 | |
| Less: Claims Outstanding at the beginning of the year | 0 | 51587884 | 0 | 54058415 | |
| Total Claims Incurred | 6074406 | 14425492 | 10238673 | 15769221 | |
| (2) | AVIATION | ||||
| Claims paid | |||||
| Direct claims | |||||
| Add Claims Outstanding at the end of the year | |||||
| Less Claims Outstanding at the beginning of the year | |||||
| Gross Incurred Claims | -14479 | -6485 | 4082 | 4057 | |
| Add :Re-insurance accepted to direct claims | 638468 | 1579710 | 977661 | 1532945 | |
| Less :Re-insurance Ceded to claims paid | -7087 | 268035 | 136957 | 141052 | |
| Net Claims Paid | 631076 | 1305190 | 844786 | 1395950 | |
| Add : Claims Outstanding at the end of the year | -391249 | 9269555 | -562625 | 7677207 | |
| Less: Claims Outstanding at the beginning of the year | 0 | 8803936 | 0 | 7900822 | |
| Total Claims Incurred | 239827 | 1770809 | 282161 | 1172335 | |
| (3) | ENGINEERING | ||||
| Claims paid | |||||
| Direct claims | |||||
| Add Claims Outstanding at the end of the year | |||||
| Less Claims Outstanding at the beginning of the year | |||||
| Gross Incurred Claims | |||||
| Add :Re-insurance accepted to direct claims | 940734 | 1873273 | 1043693 | 1799237 | |
| Less :Re-insurance Ceded to claims paid | 19542 | 20758 | 1582 | 1590 | |
| Net Claims Paid | 921192 | 1852515 | 1042111 | 1797647 | |
| Add : Claims Outstanding at the end of the year | -1905 | 17926231 | 843793 | 19933728 | |
| Less: Claims Outstanding at the beginning of the year | 0 | 18382485 | 0 | 17748578 | |
| Total Claims Incurred | 919287 | 1396261 | 1885904 | 3982797 | |
| (4) | WC | ||||
| Claims paid | |||||
| Direct claims | |||||
| Add Claims Outstanding at the end of the year | |||||
| Less Claims Outstanding at the beginning of the year | |||||
| Gross Incurred Claims | |||||
| Add :Re-insurance accepted to direct claims | 18390 | 40978 | 18004 | 32154 | |
| Less :Re-insurance Ceded to claims paid | 0 | 0 | 0 | 0 | |
| Net Claims Paid | 18390 | 40978 | 18004 | 32154 | |
| Add : Claims Outstanding at the end of the year | -10155 | 149107 | 83712 | 218118 | |
| Less: Claims Outstanding at the beginning of the year | 0 | 161463 | 0 | 163235 | |
| Total Claims Incurred | 8235 | 28622 | 101716 | 87037 | |
| (5) | Liability | ||||
| Claims paid | |||||
| Direct claims | |||||
| Add Claims Outstanding at the end of the year | |||||
| Less Claims Outstanding at the beginning of the year | |||||
| Gross Incurred Claims | |||||
| Add :Re-insurance accepted to direct claims | 70240 | 146675 | 68833 | 112634 | |
| Less :Re-insurance Ceded to claims paid | 0 | 0 | 0 | 0 | |
| Net Claims Paid | 70240 | 146675 | 68833 | 112634 | |
| Add : Claims Outstanding at the end of the year | 340156 | 1962163 | -85773 | 1441094 | |
| Less: Claims Outstanding at the beginning of the year | 0 | 1579545 | 29616 | 1872282 | |
| Total Claims Incurred | 410396 | 529293 | -46556 | -318554 | |
| (6) | PA | ||||
| Claims paid | |||||
| Direct claims | |||||
| Add Claims Outstanding at the end of the year | |||||
| Less Claims Outstanding at the beginning of the year | |||||
| Gross Incurred Claims | |||||
| Add :Re-insurance accepted to direct claims | 247614 | 652826 | 433435 | 1257860 | |
| Less :Re-insurance Ceded to claims paid | 0 | 0 | 0 | 0 | |
| Net Claims Paid | 247614 | 652826 | 433435 | 1257860 | |
| Add : Claims Outstanding at the end of the year | -255419 | 1832192 | -1465641 | 1001100 | |
| Less: Claims Outstanding at the beginning of the year | 0 | 1888768 | 0 | 2406549 | |
| Total Claims Incurred | -7805 | 596250 | -1032206 | -147589 | |
| (7) | Health | ||||
| Claims paid | |||||
| Direct claims | |||||
| Add Claims Outstanding at the end of the year | |||||
| Less Claims Outstanding at the beginning of the year | |||||
| Gross Incurred Claims | |||||
| Add :Re-insurance accepted to direct claims | 3884401 | 8655181 | 3039976 | 6897368 | |
| Less :Re-insurance Ceded to claims paid | 0 | 0 | 0 | 0 | |
| Net Claims Paid | 3884401 | 8655181 | 3039976 | 6897368 | |
| Add : Claims Outstanding at the end of the year | 520173 | 13759823 | -818860 | 8919678 | |
| Less: Claims Outstanding at the beginning of the year | 0 | 12700829 | 0 | 9158105 | |
| Total Claims Incurred | 4404574 | 9714175 | 2221116 | 6658941 | |
| (8) | Oth. Misc. | ||||
| Claims paid | |||||
| Direct claims | |||||
| Add Claims Outstanding at the end of the year | |||||
| Less Claims Outstanding at the beginning of the year | |||||
| Gross Incurred Claims | |||||
| Add :Re-insurance accepted to direct claims | 4306251 | 7164366 | 1447288 | 4034897 | |
| Less :Re-insurance Ceded to claims paid | 101426 | 365586 | 0 | 0 | |
| Net Claims Paid | 4204825 | 6798780 | 1447288 | 4034897 | |
| Add : Claims Outstanding at the end of the year | 17479 | 8759520 | -3039417 | 7045996 | |
| Less: Claims Outstanding at the beginning of the year | 0 | 9707154 | 0 | 10337916 | |
| Total Claims Incurred | 4222304 | 5851146 | -1592129 | 742977 | |
| (9) | FL/Credit | ||||
| Claims paid | |||||
| Direct claims | |||||
| Add Claims Outstanding at the end of the year | |||||
| Less Claims Outstanding at the beginning of the year | |||||
| Gross Incurred Claims | |||||
| Add :Re-insurance accepted to direct claims | 115935 | 239577 | 99737 | 485095 | |
| Less :Re-insurance Ceded to claims paid | 0 | 0 | 0 | 0 | |
| Net Claims Paid | 115935 | 239577 | 99737 | 485095 | |
| Add : Claims Outstanding at the end of the year | 1178497 | 7879262 | -614401 | 4400618 | |
| Less: Claims Outstanding at the beginning of the year | 0 | 6648242 | 0 | 5885222 | |
| Total Claims Incurred | 1294432 | 1470597 | -514664 | -999509 | |
| TOTAL MISCELLANEOUS | |||||
| Claims paid | |||||
| Direct claims | |||||
| Add Claims Outstanding at the end of the year | |||||
| Less Claims Outstanding at the beginning of the year | |||||
| Gross Incurred Claims | -14479 | -6485 | 4082 | 4057 | |
| Add :Re-insurance accepted to direct claims | 15898581 | 34049724 | 12067720 | 42378906 | |
| Less :Re-insurance Ceded to claims paid | 113881 | 654379 | 138539 | 142642 | |
| Net Claims Paid | 15770221 | 33388860 | 11933263 | 42240321 | |
| Add : Claims Outstanding at the end of the year | 1795435 | 113854091 | -359632 | 94238459 | |
| Less: Claims Outstanding at the beginning of the year | 0 | 111460306 | 29616 | 109531124 | |
| Total Claims Incurred | 17565656 | 35782645 | 11544015 | 26947656 | |
| C | MARINE INSURANCE | ||||
| (1) | MARINE CARGO | ||||
| Claims paid | |||||
| Direct claims | |||||
| Add Claims Outstanding at the end of the year | |||||
| Less Claims Outstanding at the beginning of the year | |||||
| Gross Incurred Claims | |||||
| Add :Re-insurance accepted to direct claims | 2334406 | 2220443 | 580381 | 1109187 | |
| Less :Re-insurance Ceded to claims paid | 15852 | 50606 | 139 | 139 | |
| Net Claims Paid | 2318554 | 2169837 | 580242 | 1109048 | |
| Add : Claims Outstanding at the end of the year | 77296 | 5848882 | -786012 | 4962166 | |
| Less: Claims Outstanding at the beginning of the year | 0 | 5556870 | 0 | 5225659 | |
| Total Claims Incurred | 2395850 | 2461849 | -205770 | 845555 | |
| (2) | MARINE HULL | ||||
| Claims paid | |||||
| Direct claims | |||||
| Add Claims Outstanding at the end of the year | |||||
| Less Claims Outstanding at the beginning of the year | |||||
| Gross Incurred Claims | |||||
| Add :Re-insurance accepted to direct claims | 1410073 | 2388704 | 1060646 | 2106640 | |
| Less :Re-insurance Ceded to claims paid | 15368 | 53542 | -25791 | 48236 | |
| Net Claims Paid | 1394705 | 2335162 | 1086437 | 2058404 | |
| Add : Claims Outstanding at the end of the year | -899535 | 9672763 | -392986 | 7656067 | |
| Less: Claims Outstanding at the beginning of the year | 0 | 9681428 | 0 | 7238540 | |
| Total Claims Incurred | 495170 | 2326497 | 693451 | 2475931 | |
| TOTAL MARINE | |||||
| Claims paid | |||||
| Direct claims | |||||
| Add Claims Outstanding at the end of the year | |||||
| Less Claims Outstanding at the beginning of the year | |||||
| Gross Incurred Claims | |||||
| Add :Re-insurance accepted to direct claims | 3744479 | 4609147 | 1641027 | 3215827 | |
| Less :Re-insurance Ceded to claims paid | 31220 | 104148 | -25652 | 48375 | |
| Net Claims Paid | 3713259 | 4504999 | 1666679 | 3167452 | |
| Add : Claims Outstanding at the end of the year | -822239 | 15521645 | -1178998 | 12618233 | |
| Less: Claims Outstanding at the beginning of the year | 0 | 15238298 | 0 | 12464199 | |
| Total Claims Incurred | 2891020 | 4788346 | 487681 | 3321486 | |
| D | LIFE INSURANCE | ||||
| Claims paid | |||||
| Direct claims | |||||
| Add Claims Outstanding at the end of the year | |||||
| Less Claims Outstanding at the beginning of the year | |||||
| Gross Incurred Claims | |||||
| Add :Re-insurance accepted to direct claims | 482596 | 576483 | 173912 | 462638 | |
| Less :Re-insurance Ceded to claims paid | 0 | -12590 | 77651 | 179933 | |
| Net Claims Paid | 482596 | 589073 | 96261 | 282705 | |
| Add : Claims Outstanding at the end of the year | 34713 | 963797 | -26860 | 521475 | |
| Less: Claims Outstanding at the beginning of the year | 0 | 853942 | 0 | 595087 | |
| Total Claims Incurred | 517309 | 698928 | 69401 | 209093 | |
| E | TOTAL ALL CLASSES | ||||
| Claims paid | |||||
| Direct claims | |||||
| Add Claims Outstanding at the end of the year | |||||
| Less Claims Outstanding at the beginning of the year | |||||
| Gross Incurred Claims | -14479 | -6485 | 4082 | 4057 | |
| Add :Re-insurance accepted to direct claims | 30341572 | 57202624 | 21870357 | 62475504 | |
| Less :Re-insurance Ceded to claims paid | 4848395 | 6127918 | 643929 | 445854 | |
| Net Claims Paid | 25478698 | 51068221 | 21230510 | 62033707 | |
| Add : Claims Outstanding at the end of the year | 9484223 | 207958145 | 3315787 | 189497509 | |
| Less: Claims Outstanding at the beginning of the year | 0 | 195134770 | 0 | 198768866 | |
| Total Claims Incurred | 34962921 | 63891596 | 24546297 | 52762350 | |