FORM NL-2-B-PL
Name of the Insurer:  GENERAL INSURANCE CORPORATION OF INDIA   
Registration No.  112
Date of  Registration with the IRDAI : 2nd April, 2001
PROFIT AND LOSS ACCOUNT FOR THE PERIOD ENDED 31.03.2016 ( ` IN 000)
  PARTICULARS SCHEDULE For the quarter ending 31.03.2016 Up to the quarter ending 31.03.2016 For the corresponding quarter of the preceeding year  Up to the Quarter of the prceeding year
1 OPERATING PROFIT/(LOSS)          
  (a)  Fire Insurance 10366 254 7093 990 6108 592 13580 424
  (b)  Marine Insurance -87 084 4579 345 -2438 295 -857 491
  (c )  Miscellaneous Insurance -5548 111 3812 274 -3022 030 3189 103
  (d)  Life Insurance 243 285 711 176 -232 161 395 131
2 INCOME FROM INVESTMENTS      
  (a)  Interest, Dividend & Rent – Gross 1996 205 8411 453 1621 327 7036 980
  (b)  Profit on sale of investments 2242 600 5086 412 2088 509 5249 329
        Less: Loss on sale of investments      
3 OTHER INCOME (To be specified)      
  Profit on Exchange -22 685 754 983 -312 158 -275 131
  Profit on sale of Assets (Net)  0  0  0  0
  Sundry Balances Written Back (Net) - 22  0  0  0
  Interest on Income-tax Refund  0  0  0 2327 674
  Motor Pool Service Charges 1578 527 1578 527 -1075 903 -1075 122
  Miscellaneous Receipts 5 221 11 949 4 249 9 208
  TOTAL (A)   10774 190 32040 109 2742 130 29580 105
4 Provision for Doubtful Loans & Investment    -1274 691 420 091 -683 244 32 008
5 Provision for Doubtful  Debts    0  0  0  0
6 Amortisation of premium on Investments   47 605 185 605 42 872 181 025
7 Diminution in the value of investments written off   1354 126 1359 916 588 077 588 077
8 OTHER EXPENSES        
  Expenses relating to Investments   3 403 10 752 3 308 9 329
  Loss on Exchange    0  0  0  0
  Loss on sale of Assets (Net)    155  223 - 229 - 167
  Sundry Balances Written off (Net)    0  0  0  0
  Loss on Distribution of LPA Assets    0  0  0  0
  Interest on Service Tax    36 7 519 7 157 318 005
  Corporate Social Responsibility   89 519 490 936 158 281 179 481
  TOTAL (B)   220 153 2475 042 116 222 1307 758
  Profit Before Tax                                    10554 037 29565 067 2625 908 28272 347
  Provision for Taxation :          
  Current Tax 1706 375 5122 682 410000 5070 000
  Wealth Tax  0  0 4100 11 359
  Mat Tax -1096 819 -1884 959 0 -3653 300
  Deferred Tax 150 425 150 425 -3653300 -107 630
  Fringe Benefit Tax  0  0 0  0
  Provision for Tax in respect of earlier years   -109 063 -101 341 14713 14 713
        -2205 632 0  0
  Profit after Tax   9903 119 28483 893 5850 395 26937 205
  Balance brought forward from last year    0  769 0  896
  Profit available for appropriation   9903 119 28484 662 5850 395 26938 101
  APPROPRIATIONS          
  (a)                 Interim dividends paid during the year    0  0  0  0
  (b)                 Proposed final dividend   8600 000 8600 000 5400000 5400 000
  (c)                 Dividend distribution tax   1750 788 1750 788 1099332 1099 332
  (d)                 Transfer to General Reserve   18133 000 18133 000 20438000 20438 000
  (e)          Balance carried forward to Balance Sheet   -16375 035  874 -19409139  769
      12108 753 28484 662 7528 193 26938 101
Notes:  to Form NL-1-B-RA and NL-2-B- PL
(a)                  Premium income received from business concluded in and outside India shall be separately disclosed.
(b)                 Reinsurance premiums whether on business ceded or accepted are to be brought into account gross (i.e. before deducting commissions) under the head reinsurance premiums.
(c)                 Claims incurred shall comprise claims paid, specific claims settlement costs wherever applicable and change in the outstanding provision for claims at the year-end,.
(d)                 Items of expenses and income in excess of one percent of the total premiums (less reinsurance) or Rs.5,00,000 whichever is higher, shall be shown as a separate line item.
(e)                 Fees and expenses connected with claims shall be included in claims.
(f)                  Under the sub-head "Others” shall be included items like foreign exchange gains or losses and other  items.
(g)                 Interest, dividends and rentals receivable in connection with an investment should be stated as gross amount, the amount of income tax deducted at source being included under 'advance taxes paid and taxes deducted at source”..
(h)                 Income from rent shall include only the realised rent. It shall not include any notional rent.