| FORM NL-4-PREMIUM SCHEDULE | |||||
|---|---|---|---|---|---|
| Name of the Insurer: GENERAL INSURANCE CORPORATION OF INDIA | |||||
| PREMIUM EARNED [NET] | |||||
| FOR THE PERIOD ENDED 31.03.2016 | |||||
| A | FIRE INSURANCE | (` '000) | |||
| PARTICULARS | 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 | |
| Premium from direct business written | |||||
| Service Tax | |||||
| Adjustment for change in reserve for unexpired risks | |||||
| Gross Earned Premium | 0 | 0 | 0 | 0 | |
| Add: Premium on reinsurance accepted | 21592 012 | 64761 247 | 9980 868 | 47016 449 | |
| Less : Premium on reinsurance ceded | 2577 294 | 13454 793 | 1221 672 | 7616 664 | |
| Net Premium | 19014 718 | 51306 454 | 8759 196 | 39399 785 | |
| Adjustment for change in reserve for unexpired risks | -6806 127 | -6266 929 | 1387 858 | 287 326 | |
| Premium Earned (Net) | 12208 591 | 45039 525 | 10147 054 | 39687 111 | |
| B | MISCELLANEOUS INSURANCE | ||||
| (1) | MOTOR | ||||
| Premium from direct business written | |||||
| Service Tax | |||||
| Adjustment for change in reserve for unexpired risks | |||||
| Gross Earned Premium | 0 | 0 | 0 | 0 | |
| Add: Premium on reinsurance accepted | 12970 700 | 44882 912 | 11783 352 | 38522 946 | |
| Less : Premium on reinsurance ceded | 0 | 0 | 0 | 0 | |
| Net Premium | 12970 700 | 44882 912 | 11783 352 | 38522 946 | |
| Adjustment for change in reserve for unexpired risks | -775 095 | -3414 131 | -666 612 | -2032 288 | |
| Premium Earned (Net) | 12195 605 | 41468 781 | 11116 740 | 36490 658 | |
| (2) | AVIATION | ||||
| Premium from direct business written | 0 | 0 | 0 | 0 | |
| Service Tax | |||||
| Adjustment for change in reserve for unexpired risks | |||||
| Gross Earned Premium | 0 | 0 | |||
| Add: Premium on reinsurance accepted | 1124 027 | 4531 748 | 1504 099 | 6863 948 | |
| Less : Premium on reinsurance ceded | 232 528 | 974 129 | 171 634 | 961 890 | |
| Net Premium | 891 499 | 3557 619 | 1332 465 | 5902 058 | |
| Adjustment for change in reserve for unexpired risks | 258 193 | 1148 004 | -352 002 | -1179 865 | |
| Premium Earned (Net) | 1149 692 | 4705 623 | 980 463 | 4722 193 | |
| (3) | ENGINEERING | ||||
| Premium from direct business written | |||||
| Service Tax | |||||
| Adjustment for change in reserve for unexpired risks | |||||
| Gross Earned Premium | 0 | 0 | 0 | 0 | |
| Add: Premium on reinsurance accepted | 2369 002 | 8906 026 | 1988 081 | 7958 220 | |
| Less : Premium on reinsurance ceded | 173 124 | 1245 459 | 56 997 | 854 396 | |
| Net Premium | 2195 878 | 7660 567 | 1931 084 | 7103 824 | |
| Adjustment for change in reserve for unexpired risks | -166 513 | -310 661 | 134 124 | 281 556 | |
| Premium Earned (Net) | 2029 365 | 7349 906 | 2065 208 | 7385 380 | |
| (4) | W.C. | ||||
| Premium from direct business written | |||||
| Service Tax | |||||
| Adjustment for change in reserve for unexpired risks | |||||
| Gross Earned Premium | 0 | 0 | 0 | 0 | |
| Add: Premium on reinsurance accepted | 80 653 | 253 526 | 73 977 | 182 702 | |
| Less : Premium on reinsurance ceded | 0 | 0 | 0 | 0 | |
| Net Premium | 80 653 | 253 526 | 73 977 | 182 702 | |
| Adjustment for change in reserve for unexpired risks | -4 737 | -35 433 | 770 | 30 085 | |
| Premium Earned (Net) | 75 916 | 218 093 | 74 747 | 212 787 | |
| (5) | Liability | ||||
| Premium from direct business written | |||||
| Service Tax | |||||
| Adjustment for change in reserve for unexpired risks | |||||
| Gross Earned Premium | 0 | 0 | 0 | 0 | |
| Add: Premium on reinsurance accepted | 376 320 | 1505 296 | 132 323 | 1153 477 | |
| Less : Premium on reinsurance ceded | 49 764 | 89 047 | 50 215 | 116 619 | |
| Net Premium | 326 556 | 1416 249 | 82 108 | 1036 858 | |
| Adjustment for change in reserve for unexpired risks | -122 147 | -190 201 | 62 851 | -80 778 | |
| Premium Earned (Net) | 204 409 | 1226 048 | 144 959 | 956 080 | |
| (6) | PA | ||||
| Premium from direct business written | |||||
| Service Tax | |||||
| Adjustment for change in reserve for unexpired risks | |||||
| Gross Earned Premium | 0 | 0 | 0 | 0 | |
| Add: Premium on reinsurance accepted | 836 655 | 3805 190 | 1032 629 | 2691 267 | |
| Less : Premium on reinsurance ceded | 0 | 5 142 | 4 205 | 11 685 | |
| Net Premium | 836 655 | 3800 048 | 1028 424 | 2679 582 | |
| Adjustment for change in reserve for unexpired risks | 78 636 | -575 996 | -37 904 | 559 125 | |
| Premium Earned (Net) | 915 291 | 3224 052 | 990 520 | 3238 707 | |
| (7) | Health | ||||
| Premium from direct business written | |||||
| Service Tax | |||||
| Adjustment for change in reserve for unexpired risks | |||||
| Gross Earned Premium | 0 | 0 | 0 | 0 | |
| Add: Premium on reinsurance accepted | 10247 384 | 25041 895 | 6614 557 | 21049 810 | |
| Less : Premium on reinsurance ceded | 0 | 0 | 0 | 0 | |
| Net Premium | 10247 384 | 25041 895 | 6614 557 | 21049 810 | |
| Adjustment for change in reserve for unexpired risks | -1704 743 | -1990 028 | -795 337 | -2383 824 | |
| Premium Earned (Net) | 8542 641 | 23051 867 | 5819 220 | 18665 986 | |
| (8) | Oth. Misc. | ||||
| Premium from direct business written | |||||
| Service Tax | |||||
| Adjustment for change in reserve for unexpired risks | |||||
| Gross Earned Premium | 0 | 0 | 0 | 0 | |
| Add: Premium on reinsurance accepted | 4728 468 | 16463 329 | 2945 732 | 12349 017 | |
| Less : Premium on reinsurance ceded | 579 740 | 2381 912 | 57 325 | 1772 572 | |
| Net Premium | 4148 728 | 14081 417 | 2888 407 | 10576 445 | |
| Adjustment for change in reserve for unexpired risks | -635 910 | -1833 002 | 719 851 | 1007 847 | |
| Premium Earned (Net) | 3512 818 | 12248 415 | 3608 258 | 11584 292 | |
| (9) | FL/Credit | ||||
| Premium from direct business written | |||||
| Service Tax | |||||
| Adjustment for change in reserve for unexpired risks | |||||
| Gross Earned Premium | 0 | 0 | 0 | 0 | |
| Add: Premium on reinsurance accepted | 449 310 | 1766 695 | -65 728 | 1455 353 | |
| Less : Premium on reinsurance ceded | 450 000 | 450 000 | 0 | 0 | |
| Net Premium | - 690 | 1316 695 | -65 728 | 1455 353 | |
| Adjustment for change in reserve for unexpired risks | -33 200 | 68 560 | 349 451 | 545 079 | |
| Premium Earned (Net) | -33 890 | 1385 255 | 283 723 | 2000 432 | |
| TOTAL MISCELLANEOUS | |||||
| Premium from direct business written | 0 | 0 | 0 | 0 | |
| Service Tax | |||||
| Adjustment for change in reserve for unexpired risks | |||||
| Gross Earned Premium | 0 | 0 | 0 | 0 | |
| Add: Premium on reinsurance accepted | 33182 519 | 107156 617 | 26009 022 | 92226 740 | |
| Less : Premium on reinsurance ceded | 1485 156 | 5145 689 | 340 376 | 3717 162 | |
| Net Premium | 31697 363 | 102010 928 | 25668 646 | 88509 578 | |
| Adjustment for change in reserve for unexpired risks | -3105 516 | -7132 888 | -584 808 | -3253 063 | |
| Premium Earned (Net) | 28591 847 | 94878 040 | 25083 838 | 85256 515 | |
| C | MARINE INSURANCE | ||||
| (1) | MARINE CARGO | ||||
| Premium from direct business written | |||||
| Service Tax | |||||
| Adjustment for change in reserve for unexpired risks | |||||
| Gross Earned Premium | 0 | 0 | 0 | 0 | |
| Add: Premium on reinsurance accepted | 802 025 | 3377 551 | 1099 553 | 3806 211 | |
| Less : Premium on reinsurance ceded | 65 350 | 380 402 | 52 978 | 277 104 | |
| Net Premium | 736 675 | 2997 149 | 1046 575 | 3529 107 | |
| Adjustment for change in reserve for unexpired risks | 301 992 | 520 118 | -287 735 | 228 826 | |
| Premium Earned (Net) | 1038 667 | 3517 267 | 758 840 | 3757 933 | |
| (2) | MARINE HULL | ||||
| Premium from direct business written | |||||
| Service Tax | |||||
| Adjustment for change in reserve for unexpired risks | |||||
| Gross Earned Premium | 0 | 0 | 0 | 0 | |
| Add: Premium on reinsurance accepted | 1585 887 | 6756 228 | 1245 435 | 7217 036 | |
| Less : Premium on reinsurance ceded | 304 243 | 1225 493 | 328 190 | 1282 284 | |
| Net Premium | 1281 644 | 5530 735 | 917 245 | 5934 752 | |
| Adjustment for change in reserve for unexpired risks | -434 885 | 387 247 | 313 525 | -358 096 | |
| Premium Earned (Net) | 846 759 | 5917 982 | 1230 770 | 5576 656 | |
| TOTAL MARINE | |||||
| Premium from direct business written | |||||
| Service Tax | |||||
| Adjustment for change in reserve for unexpired risks | |||||
| Gross Earned Premium | 0 | 0 | 0 | 0 | |
| Add: Premium on reinsurance accepted | 2387 912 | 10133 779 | 2344 988 | 11023 247 | |
| Less : Premium on reinsurance ceded | 369 593 | 1605 895 | 381 168 | 1559 388 | |
| Net Premium | 2018 319 | 8527 884 | 1963 820 | 9463 859 | |
| Adjustment for change in reserve for unexpired risks | -132 893 | 907 365 | 25 790 | -129 270 | |
| Premium Earned (Net) | 1885 426 | 9435 249 | 1989 610 | 9334 589 | |
| D | LIFE INSURANCE | ||||
| Premium from direct business written | |||||
| Service Tax | |||||
| Adjustment for change in reserve for unexpired risks | |||||
| Gross Earned Premium | 0 | 0 | 0 | 0 | |
| Add: Premium on reinsurance accepted | 490 346 | 2306 478 | 444 789 | 1573 224 | |
| Less : Premium on reinsurance ceded | 356 416 | 403 897 | 92 407 | 376 312 | |
| Net Premium | 133 930 | 1902 581 | 352 382 | 1196 912 | |
| Adjustment for change in reserve for unexpired risks | 731 751 | 472 993 | - 455 | 107 396 | |
| Premium Earned (Net) | 865 681 | 2375 574 | 351 927 | 1304 308 | |
| E | TOTAL ALL CLASSES | ||||
| Premium from direct business written | 0 | 0 | 0 | 0 | |
| Service Tax | |||||
| Adjustment for change in reserve for unexpired risks | |||||
| Gross Earned Premium | 0 | 0 | 0 | 0 | |
| Add: Premium on reinsurance accepted | 57652 789 | 184358 121 | 38779 667 | 151839 660 | |
| Less : Premium on reinsurance ceded | 4788 459 | 20610 274 | 2035 623 | 13269 526 | |
| Net Premium | 52864 330 | 163747 847 | 36744 044 | 138570 134 | |
| Adjustment for change in reserve for unexpired risks | -9312 785 | -12019 459 | 828 385 | -2987 611 | |
| Premium Earned (Net) | 43551 545 | 151728 388 | 37572 429 | 135582 523 | |