FORM NL-5 - CLAIMS SCHEDULE
Name of the Insurer:  GENERAL INSURANCE CORPORATION OF INDIA   
CLAIMS INCURRED [NET]
FOR THE PERIOD ENDED 31.12.2015
(` '000)
PARTICULARS For the quarter ending 31.12.2015 Up to  the quarter ending 31.12.2015 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 8610617 26577887 8976451 25394584
Less :Re-insurance Ceded to claims paid 253934 5635915 776785 851689
Net Claims Paid 8356683 20941972 8199666 24542895
Add : Claims Outstanding at the end of the year 2668473 80287085 -8148193 73971149
Less: Claims Outstanding at the beginning of the year 0 67582224 29616 76208072
Total Claims Incurred 11025156 33646833 21857 22305972
Notes:
a)      Incurred But Not Reported (IBNR), Incurred but not enough reported [IBNER] claims should be included in the amount for outstanding claims.
b)      Claims includes specific claims settlement cost but not expenses of management
c)       The surveyor fees, legal and other expenses shall also form part of claims cost.
d)      Claims cost should be adjusted for estimated salvage value if there is a sufficient certainty of its realisation.
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 5226105 18923243 5410548 31637264
Less :Re-insurance Ceded to claims paid 0 0 0 0
Net Claims Paid 5226105 18923243 5410548 31637264
Add : Claims Outstanding at the end of the year 2188692 54504930 5858764 49459684
Less: Claims Outstanding at the beginning of the year 0 51587884 0 54058415
Total Claims Incurred 7414797 21840289 11269312 27038533
(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 -5215 -11700 0 4057
Add   :Re-insurance accepted to direct claims 759246 2338956 751487 2284432
Less :Re-insurance Ceded to claims paid 49453 317488 0 141052
Net Claims Paid 704578 2009768 751487 2147437
Add : Claims Outstanding at the end of the year -128714 9140841 1030003 8707210
Less: Claims Outstanding at the beginning of the year 0 8803936 0 7900822
Total Claims Incurred 575864 2346673 1781490 2953825
(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 871663 2744936 625246 2424483
Less :Re-insurance Ceded to claims paid 12645 33403 15526 17116
Net Claims Paid 859018 2711533 609720 2407367
Add : Claims Outstanding at the end of the year 608622 18534853 1548273 21482001
Less: Claims Outstanding at the beginning of the year 0 18382485 0 17748578
Total Claims Incurred 1467640 2863901 2157993 6140790
(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 24499 65477 15619 47773
Less :Re-insurance Ceded to claims paid 0 0 0 0
Net Claims Paid 24499 65477 15619 47773
Add : Claims Outstanding at the end of the year 28020 177127 -11830 206288
Less: Claims Outstanding at the beginning of the year 0 161463 0 163235
Total Claims Incurred 52519 81141 3789 90826
(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 78408 225083 96953 209587
Less :Re-insurance Ceded to claims paid 0 0 32798 32798
Net Claims Paid 78408 225083 64155 176789
Add : Claims Outstanding at the end of the year -7208 1954955 -64758 1376336
Less: Claims Outstanding at the beginning of the year 0 1579545 -29616 1842666
Total Claims Incurred 71200 600493 29013 -289541
(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 314733 967559 480278 1738138
Less :Re-insurance Ceded to claims paid 0 0 0 0
Net Claims Paid 314733 967559 480278 1738138
Add : Claims Outstanding at the end of the year 65128 1897320 134170 1135270
Less: Claims Outstanding at the beginning of the year 0 1888768 0 2406549
Total Claims Incurred 379861 976111 614448 466859
(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 4851926 13507107 5667133 12564501
Less :Re-insurance Ceded to claims paid 0 0 0 0
Net Claims Paid 4851926 13507107 5667133 12564501
Add : Claims Outstanding at the end of the year 1286498 15046321 -65609 8854069
Less: Claims Outstanding at the beginning of the year 0 12700829 0 9158105
Total Claims Incurred 6138424 15852599 5601524 12260465
(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 1742814 8907180 3159232 7194129
Less :Re-insurance Ceded to claims paid 1084 366670 0 0
Net Claims Paid 1741730 8540510 3159232 7194129
Add : Claims Outstanding at the end of the year 210237 8969757 1162024 8208020
Less: Claims Outstanding at the beginning of the year 0 9707154 0 10337916
Total Claims Incurred 1951967 7803113 4321256 5064233
(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 160362 399939 198481 683576
Less :Re-insurance Ceded to claims paid 0 0 0 0
Net Claims Paid 160362 399939 198481 683576
Add : Claims Outstanding at the end of the year 179669 8058931 122030 4522648
Less: Claims Outstanding at the beginning of the year 0 6648242 0 5885222
Total Claims Incurred 340031 1810628 320511 -678998
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 -5215 -11700 0 4057
Add   :Re-insurance accepted to direct claims 14029756 48079480 16404977 58783883
Less :Re-insurance Ceded to claims paid 63182 717561 48324 190966
Net Claims Paid 13961359 47350219 16356653 58596974
Add : Claims Outstanding at the end of the year 4430944 118285035 9713067 103951526
Less: Claims Outstanding at the beginning of the year 0 111460306 -29616 109501508
Total Claims Incurred 18392303 54174948 26099336 53046992
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 -1289615 930828 459576 1568763
Less :Re-insurance Ceded to claims paid 398 51004 -9 130
Net Claims Paid -1290013 879824 459585 1568633
Add : Claims Outstanding at the end of the year -333976 5514906 109796 5071962
Less: Claims Outstanding at the beginning of the year 0 5556870 0 5225659
Total Claims Incurred -1623989 837860 569381 1414936
(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 353633 2742337 999719 3106359
Less :Re-insurance Ceded to claims paid 41600 95142 149852 198088
Net Claims Paid 312033 2647195 849867 2908271
Add : Claims Outstanding at the end of the year -24030 9648733 1189237 8845304
Less: Claims Outstanding at the beginning of the year 0 9681428 0 7238540
Total Claims Incurred 288003 2614500 2039104 4515035
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 -935982 3673165 1459295 4675122
Less :Re-insurance Ceded to claims paid 41998 146146 149843 198218
Net Claims Paid -977980 3527019 1309452 4476904
Add : Claims Outstanding at the end of the year -358006 15163639 1299033 13917266
Less: Claims Outstanding at the beginning of the year 0 15238298 0 12464199
Total Claims Incurred -1335986 3452360 2608485 5929971
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 340901 917384 116673 579311
Less :Re-insurance Ceded to claims paid 23210 10620 25781 205714
Net Claims Paid 317691 906764 90892 373597
Add : Claims Outstanding at the end of the year 33824 997621 42885 564360
Less: Claims Outstanding at the beginning of the year 0 853942 0 595087
Total Claims Incurred 351515 1050443 133777 342870
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 -5215 -11700 0 4057
Add   :Re-insurance accepted to direct claims 22045292 79247916 26957396 89432900
Less :Re-insurance Ceded to claims paid 382324 6510242 1000733 1446587
Net Claims Paid 21657753 72725974 25956663 87990370
Add : Claims Outstanding at the end of the year 6775235 214733380 2906792 192404301
Less: Claims Outstanding at the beginning of the year 0 195134770 0 198768866
Total Claims Incurred 28432988 92324584 28863455 81625805
0 0