| FORM NL-31: Related Party Transactions | |||||
|---|---|---|---|---|---|
| Insurer: | GIC Re | Date: 31.03.2016 | . | ||
| . | . | (Rs in Thousand) | . | . | . |
| Related Party Transactions | |||||
| Sl.No. | Name of the Related Party | Nature of Relationship with the Company | Description of Transactions / Categories | Consideration paid / received* | |
| Up to the Quarter 31.03.2016 | Up to the Quarter of the preceding year 31.03.2015 | ||||
| 1 | India International Pte LTD. | Associate Company | Net Premiun - Net commission - Net Claims | -327,497 | 69,532 |
| 2 | GIC RE South Africa Ltd. | Associate Company | Net Premiun - Net commission - Net Claims | 660,924 | 0 |
| 3 | GIC-Bhutan RE Ltd. | Associate Company | Net Premiun - Net commission - Net Claims | 135 | 0 |
| 4 | Agricultural Insurance Company of India Ltd | Associate Company | Net Premiun - Net commission - Net Claims | 291,723 | -200,437 |
| 5 | GIC RE INDIA CORPORATE MEMBER | Associate Company | Net Premiun - Net commission - Net Claims | 0 | 0 |
| (-) indicates amount payable by GIC | |||||