FORM NL-3-B-BS
Name of the Insurer:  GENERAL INSURANCE CORPORATION OF INDIA
Registration No.  112
Date of  Registration with the IRDA : 2nd April, 2001
BALANCE SHEET  AS AT 31 December 2015
	PARTICULARS	SCHEDULE	As at 31.12.2015	( ` IN 000) As at 31.12.2014
	SOURCES OF FUNDS
	SHARE CAPITAL	NL-8-Share Capital Schedule	4300000	4300000
	SHARE APPLICATION MONEY PENDING ALLOTMENT
	RESERVES AND SURPLUS	NL-10-Reserves and Surplus Schedule	151342241	134481133
	Deferred Tax Liability		0	0
	FAIR VALUE CHANGE ACCOUNT		251723697	280755886
	BORROWINGS	NL-11-Borrowings Schedule
	TOTAL		407365938	419537019
	APPLICATION OF FUNDS
	INVESTMENTS	NL-12-Investment Schedule	558917218	555078910
	LOANS	NL-13-Loans Schedule	3659393	3973201
	FIXED ASSETS	NL-14-Fixed Assets Schedule	1329170	1390143
	DEFERRED TAX ASSET		174683	64650
	CURRENT ASSETS
	Cash and Bank Balances	NL-15-Cash and bank balance Schedule	84005379	71089987
	Advances and Other Assets	NL-16-Advancxes and Other Assets Schedule	147418584	133064274
	Sub-Total (A)		231423963	204154261
	CURRENT LIABILITIES	NL-17-Current Liabilities Schedule	301583129	263298631
	PROVISIONS	NL-18-Provisions Schedule	86555360	81825515
	DEFERRED TAX LIABILITY
	Sub-Total (B)		388138489	345124146
	NET CURRENT ASSETS (C) = (A - B)		-156714526	-140969885
	MISCELLANEOUS EXPENDITURE (to the extent not written off or adjusted)	NL-19-Miscellaneous Expenditure Schedule
	DEBIT BALANCE IN PROFIT AND LOSS ACCOUNT
	TOTAL		407365938	419537019
CONTINGENT LIABILITIES
	Particulars		As at 31.12.2015	As at 31.12.2014
			(Rs.’000)	(Rs.’000)
1	Partly paid-up investments
2	Claims, other than against policies, not acknowledged as debts by the company		11000	0
3	Underwriting commitments outstanding (in respect of shares and securities)
4	Guarantees given by or on behalf of the Company		8352709	6595916
5	Statutory demands/ liabilities in dispute, not provided for		22496974	19519294
6	Reinsurance obligations to the extent not provided for in accounts
7	Others (to be specified)
	TOTAL		30860683	26115210