| FORM NL-33 - SOLVENCY MARGIN - KGII | |||||||
|---|---|---|---|---|---|---|---|
| TABLE - II | |||||||
| Insurer: | GENERAL INSURANCE CORPORATION OF INDIA. | ||||||
| Solvency for the year ended on 31.12.2015 | |||||||
| Available Solvency Margin and Solvency Ratio | |||||||
| (` in Lacs) | |||||||
| Item | Description | Notes No. | Amount | ||||
| 1 | Available Assets in Policyholders’ Funds (adjusted value of Assets as mentioned in Form IRDA-Assets-AA): | 3116947.42 | |||||
| Deduct: | |||||||
| 2 | Liabilities (reserves as mentioned in Form HG) | 2919039.26 | |||||
| 3 | Other Liabilities (other liabilities in respect of Policyholders’ Fund as mentioned in Balance Sheet) | NIL | |||||
| 4 | Excess in Policyholders’ Funds (1-2-3) | 220124.32 | |||||
| 5 | Available Assets in Shareholders’ Funds (value of Assets as mentioned in Form IRDA-Assets-AA): | 1521734.71 | |||||
| Deduct: | |||||||
| 6 | Other Liabilities (other liabilities in respect of Shareholders’ Fund as mentioned in Balance Sheet) | 342685.63 | |||||
| 7 | Excess in Shareholders’ Funds (5-6) | 1194771.17 | |||||
| 8 | Total Available Solvency Margin [ASM] (4+7) | 1414895.49 | |||||
| 9 | Total Required Solvency Margin [RSM] | 404920.87 | |||||
| 10 | Solvency Ratio (Total ASM/Total RSM) | 3.52 | |||||