| FORM NL-5 - CLAIMS SCHEDULE | |||||
|---|---|---|---|---|---|
| Name of the Insurer: GENERAL INSURANCE CORPORATION OF INDIA | |||||
| CLAIMS INCURRED [NET] | |||||
| FOR THE PERIOD ENDED 31.03.2016 | |||||
| (` '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 | |
| 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 | 11704 877 | 38282 764 | 11333 594 | 36728 178 | |
| Less :Re-insurance Ceded to claims paid | 3573 515 | 9209 430 | 711 722 | 1563 411 | |
| Net Claims Paid | 8131 362 | 29073 334 | 10621 872 | 35164 767 | |
| Add : Claims Outstanding at the end of the year | -7286 024 | 73001 061 | -6388 925 | 67582 224 | |
| Less: Claims Outstanding at the beginning of the year | 0 | 67582 224 | 0 | 76208 072 | |
| Total Claims Incurred | 845 338 | 34492 171 | 4232 947 | 26538 919 | |
| 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 | 10495 218 | 29418 461 | 9707 681 | 41344 945 | |
| Less :Re-insurance Ceded to claims paid | 0 | 0 | 0 | 0 | |
| Net Claims Paid | 10495 218 | 29418 461 | 9707 681 | 41344 945 | |
| Add : Claims Outstanding at the end of the year | 6656 172 | 61161 102 | 2128 200 | 51587 884 | |
| Less: Claims Outstanding at the beginning of the year | 0 | 51587 884 | 0 | 54058 415 | |
| Total Claims Incurred | 17151 390 | 38991 679 | 11835 881 | 38874 414 | |
| (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 | 0 | -11 700 | 0 | 4 057 | |
| Add :Re-insurance accepted to direct claims | 1562 726 | 3901 682 | 1039 827 | 3324 259 | |
| Less :Re-insurance Ceded to claims paid | 14 697 | 332 185 | 2 504 | 143 556 | |
| Net Claims Paid | 1548 029 | 3557 797 | 1037 323 | 3184 760 | |
| Add : Claims Outstanding at the end of the year | -590 706 | 8550 135 | 96 726 | 8803 936 | |
| Less: Claims Outstanding at the beginning of the year | 0 | 8803 936 | 0 | 7900 822 | |
| Total Claims Incurred | 957 323 | 3303 996 | 1134 049 | 4087 874 | |
| (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 | 1647 215 | 4392 151 | 1465 372 | 3889 855 | |
| Less :Re-insurance Ceded to claims paid | 131 397 | 164 800 | 118 | 17 234 | |
| Net Claims Paid | 1515 818 | 4227 351 | 1465 254 | 3872 621 | |
| Add : Claims Outstanding at the end of the year | -2037 012 | 16497 841 | -3099 516 | 18382 485 | |
| Less: Claims Outstanding at the beginning of the year | 0 | 18382 485 | 0 | 17748 578 | |
| Total Claims Incurred | -521 194 | 2342 707 | -1634 262 | 4506 528 | |
| (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 | 24 519 | 89 996 | 31 433 | 79 206 | |
| Less :Re-insurance Ceded to claims paid | 0 | 0 | 0 | 0 | |
| Net Claims Paid | 24 519 | 89 996 | 31 433 | 79 206 | |
| Add : Claims Outstanding at the end of the year | 33 060 | 210 187 | -44 825 | 161 463 | |
| Less: Claims Outstanding at the beginning of the year | 0 | 161 463 | 0 | 163 235 | |
| Total Claims Incurred | 57 579 | 138 720 | -13 392 | 77 434 | |
| (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 | 211 884 | 436 967 | 34 300 | 243 887 | |
| Less :Re-insurance Ceded to claims paid | 0 | 0 | 5 454 | 38 252 | |
| Net Claims Paid | 211 884 | 436 967 | 28 846 | 205 635 | |
| Add : Claims Outstanding at the end of the year | -228 815 | 1726 140 | 203 209 | 1579 545 | |
| Less: Claims Outstanding at the beginning of the year | 0 | 1579 545 | 0 | 1842 666 | |
| Total Claims Incurred | -16 931 | 583 562 | 232 055 | -57 486 | |
| (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 | 476 144 | 1443 703 | 848 586 | 2586 724 | |
| Less :Re-insurance Ceded to claims paid | 0 | 0 | 0 | 0 | |
| Net Claims Paid | 476 144 | 1443 703 | 848 586 | 2586 724 | |
| Add : Claims Outstanding at the end of the year | 118 661 | 2015 981 | 753 498 | 1888 768 | |
| Less: Claims Outstanding at the beginning of the year | 0 | 1888 768 | 0 | 2406 549 | |
| Total Claims Incurred | 594 805 | 1570 916 | 1602 084 | 2068 943 | |
| (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 | 8037 423 | 21544 530 | 5183 957 | 17748 458 | |
| Less :Re-insurance Ceded to claims paid | 0 | 0 | 0 | 0 | |
| Net Claims Paid | 8037 423 | 21544 530 | 5183 957 | 17748 458 | |
| Add : Claims Outstanding at the end of the year | -2618 048 | 12428 273 | 3846 760 | 12700 829 | |
| Less: Claims Outstanding at the beginning of the year | 0 | 12700 829 | 0 | 9158 105 | |
| Total Claims Incurred | 5419 375 | 21271 974 | 9030 717 | 21291 182 | |
| (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 | 7979 942 | 16887 122 | 2125 942 | 9320 071 | |
| Less :Re-insurance Ceded to claims paid | 683 321 | 1049 991 | 0 | 0 | |
| Net Claims Paid | 7296 621 | 15837 131 | 2125 942 | 9320 071 | |
| Add : Claims Outstanding at the end of the year | 955 118 | 9924 875 | 1499 134 | 9707 154 | |
| Less: Claims Outstanding at the beginning of the year | 0 | 9707 154 | 0 | 10337 916 | |
| Total Claims Incurred | 8251 739 | 16054 852 | 3625 076 | 8689 309 | |
| (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 | 1595 593 | 1995 532 | 542 154 | 1225 730 | |
| Less :Re-insurance Ceded to claims paid | 0 | 0 | 0 | 0 | |
| Net Claims Paid | 1595 593 | 1995 532 | 542 154 | 1225 730 | |
| Add : Claims Outstanding at the end of the year | -1186 156 | 6872 775 | 2125 594 | 6648 242 | |
| Less: Claims Outstanding at the beginning of the year | 0 | 6648 242 | 0 | 5885 222 | |
| Total Claims Incurred | 409 437 | 2220 065 | 2667 748 | 1988 750 | |
| 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 | 0 | -11 700 | 0 | 4 057 | |
| Add :Re-insurance accepted to direct claims | 32030 664 | 80110 144 | 20979 252 | 79763 135 | |
| Less :Re-insurance Ceded to claims paid | 829 415 | 1546 976 | 8 076 | 199 042 | |
| Net Claims Paid | 31201 249 | 78551 468 | 20971 176 | 79568 150 | |
| Add : Claims Outstanding at the end of the year | 1102 274 | 119387 309 | 7508 780 | 111460 306 | |
| Less: Claims Outstanding at the beginning of the year | 0 | 111460 306 | 0 | 109501 508 | |
| Total Claims Incurred | 32303 523 | 86478 471 | 28479 956 | 81526 948 | |
| 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 | 932 642 | 1863 470 | 1705 394 | 3274 157 | |
| Less :Re-insurance Ceded to claims paid | 1 | 51 005 | 62 693 | 62 823 | |
| Net Claims Paid | 932 641 | 1812 465 | 1642 701 | 3211 334 | |
| Add : Claims Outstanding at the end of the year | 384 137 | 5899 043 | 484 908 | 5556 870 | |
| Less: Claims Outstanding at the beginning of the year | 0 | 5556 870 | 0 | 5225 659 | |
| Total Claims Incurred | 1316 778 | 2154 638 | 2127 609 | 3542 545 | |
| (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 | 1887 723 | 4630 060 | 1136 436 | 4242 795 | |
| Less :Re-insurance Ceded to claims paid | 421 104 | 516 246 | 110 955 | 309 043 | |
| Net Claims Paid | 1466 619 | 4113 814 | 1025 481 | 3933 752 | |
| Add : Claims Outstanding at the end of the year | 92 240 | 9740 973 | 836 124 | 9681 428 | |
| Less: Claims Outstanding at the beginning of the year | 0 | 9681 428 | 0 | 7238 540 | |
| Total Claims Incurred | 1558 859 | 4173 359 | 1861 605 | 6376 640 | |
| 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 | 2820 365 | 6493 530 | 2841 830 | 7516 952 | |
| Less :Re-insurance Ceded to claims paid | 421 105 | 567 251 | 173 648 | 371 866 | |
| Net Claims Paid | 2399 260 | 5926 279 | 2668 182 | 7145 086 | |
| Add : Claims Outstanding at the end of the year | 476 377 | 15640 016 | 1321 032 | 15238 298 | |
| Less: Claims Outstanding at the beginning of the year | 0 | 15238 298 | 0 | 12464 199 | |
| Total Claims Incurred | 2875 637 | 6327 997 | 3989 214 | 9919 185 | |
| 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 | 884 772 | 1802 156 | 415 818 | 995 129 | |
| Less :Re-insurance Ceded to claims paid | 284 861 | 295 481 | 115 604 | 321 318 | |
| Net Claims Paid | 599 911 | 1506 675 | 300 214 | 673 811 | |
| Add : Claims Outstanding at the end of the year | 49 606 | 1047 227 | 289 582 | 853 942 | |
| Less: Claims Outstanding at the beginning of the year | 0 | 853 942 | 0 | 595 087 | |
| Total Claims Incurred | 649 517 | 1699 960 | 589 796 | 932 666 | |
| 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 | 0 | -11 700 | 0 | 4 057 | |
| Add :Re-insurance accepted to direct claims | 47440 678 | 126688 594 | 35570 494 | 125003 394 | |
| Less :Re-insurance Ceded to claims paid | 5108 896 | 11619 138 | 1009 050 | 2455 637 | |
| Net Claims Paid | 42331 782 | 115057 756 | 34561 444 | 122551 814 | |
| Add : Claims Outstanding at the end of the year | -5657 767 | 209075 613 | 2730 469 | 195134 770 | |
| Less: Claims Outstanding at the beginning of the year | 0 | 195134 770 | 0 | 198768 866 | |
| Total Claims Incurred | 36674 015 | 128998 599 | 37291 913 | 118917 718 | |