FORM NL-1-B-RA gic-logo-final
Name of the Insurer:  GENERAL INSURANCE CORPORATION OF INDIA   
Registration No.  112
Date of  Registration with the IRDAI : 2nd April, 2001
REVENUE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2016
FIRE INSURANCE BUSINESS ( ` '000)
  PARTICULARS SCHEDULE For the year ended 31 March 2016 For the year ended 31 March 2015
1 Premiums earned (Net) NL-4-Premium Schedule 45039 525 39687 111
2 Profit on sale of Investments (Net)   3440 734 4635 672
3 Profit/-Loss on Exchange Fluctuation   491 493 -206 797
4 Interest, Dividend & Rent  - Gross   5689 979 6214 343
  TOTAL (A)   54661 731 50330 329
1 Claims Incurred (Net) NL-5-Claims Schedule 34492 171 26538 919
2 Commission (Net) NL-6-Commission Schedule 12386 938 9658 600
3 Operating Expenses related to Insurance Business NL-7-Operating Expenses Schedule 681 359 544 148
4 Expenses relating to Investments   7 273 8 238
  TOTAL  (B)   47567 741 36749 905
         
  Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B)   7093 990 13580 424
  APPROPRIATIONS      
  Transfer to Shareholders’ Account   7093 990 13580 424
  Transfer to Catastrophe Reserve      
  Transfer to Other Reserves (to be specified)      
  TOTAL (C)   7093 990 13580 424
As required by Section 40C (2)  of the Insurance  Act, 1938, we certify that, all expenses of management,  wherever incurred,  whether directly or indirectly, in respect of Fire Insurance Business have been fully debited in the Fire Insurance Revenue Accounts as expenses.
MISCELLANEOUS INSURANCE BUSINESS
  PARTICULARS SCHEDULE For the year ended 31 March 2016 For the year ended 31 March 2015
1 Premiums earned (Net) NL-4-Premium Schedule 94878 040 85256 515
2 Profit on sale of Investments (Net)   6092 484 7203 607
3 Profit/-Loss on Exchange Fluctuation   915 231 -317 788
4 Interest, Dividend & Rent  - Gross   10075 205 9656 784
  TOTAL (A)   111960 960 101799 118
1 Claims Incurred (Net) NL-5-Claims Schedule 86478 471 81526 948
2 Commission (Net) NL-6-Commission Schedule 20627 929 16123 033
3 Operating Expenses related to Insurance Business NL-7-Operating Expenses Schedule 1029 407 947 232
4 Expenses relating to Investments 12 879 12 802
5 Premium Deficiency    0  0
  TOTAL  (B)   108148 686 98610 015
         
  Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B)   3812 274 3189 103
  APPROPRIATIONS      
  Transfer to Shareholders’ Account   3812 274 3189 103
  Transfer to Catastrophe Reserve    0  0
  Transfer to Other Reserves (to be specified)   0 0
  TOTAL (C)   3812 274 3189 103
As required by Section 40C (2)  of the Insurance  Act, 1938, we certify that, all expenses of management,  wherever incurred,  whether directly or indirectly, in respect of Miscellaneous Insurance Business have been fully debited in the Miscellaneous Insurance Revenue Accounts as expenses.
MARINE INSURANCE BUSINESS
  PARTICULARS SCHEDULE For the year ended 31 March 2016 For the year ended 31 March 2015
1 Premiums earned (Net) NL-4-Premium Schedule 9435 249 9334 589
2 Profit on sale of Investments (Net)   989 018 1042 955
3 Profit/-Loss on Exchange Fluctuation   151 896 -57 147
4 Interest, Dividend & Rent  - Gross   1635 550 1398 132
  TOTAL (A)   12211 713 11718 529
1 Claims Incurred (Net) NL-5-Claims Schedule 6327 997 9919 185
2 Commission (Net) NL-6-Commission Schedule 1812 301 1983 459
3 Operating Expenses related to Insurance Business NL-7-Operating Expenses Schedule 74 575 86 927
4 Expenses relating to Investments   2 091 1 853
5 Premium Deficiency   -584 596 584 596
  TOTAL  (B)   7632 368 12576 020
         
  Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B)   4579 345 -857 491
  APPROPRIATIONS      
  Transfer to Shareholders’ Account   4579 345 -857 491
  Transfer to Catastrophe Reserve      
  Transfer to Other Reserves (to be specified)      
  TOTAL (C)   4579 345 -857 491
As required by Section 40C (2)  of the Insurance  Act, 1938, we certify that, all expenses of management,  wherever incurred,  whether directly or indirectly, in respect of Marine Insurance Business have been fully debited in the Marine Insurance Revenue Accounts as expenses.
LIFE INSURANCE BUSINESS
  PARTICULARS SCHEDULE For the year ended 31 March 2016 For the year ended 31 March 2015
1 Premiums earned (Net) NL-4-Premium Schedule 2375 574 1304 308
2 Profit on sale of Investments (Net)   47 713 51 120
3 Profit/-Loss on Exchange Fluctuation   7 082 -2 588
4 Interest, Dividend & Rent  - Gross   78 904 68 529
  TOTAL (A)   2509 273 1421 369
1 Claims Incurred (Net) NL-5-Claims Schedule 1699 960 932 666
2 Commission (Net) NL-6-Commission Schedule 76 403 77 432
3 Operating Expenses related to Insurance Business NL-7-Operating Expenses Schedule 21 633 16 049
4 Expenses relating to Investments    101  91
  TOTAL  (B)   1798 097 1026 238
         
  Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B)   711 176 395 131
  APPROPRIATIONS      
  Transfer to Shareholders’ Account   711 176 395 131
  Transfer to Catastrophe Reserve      
  Transfer to Other Reserves (to be specified)      
  TOTAL (C)   711 176 395 131
As required by Section 40C (2)  of the Insurance  Act, 1938, we certify that, all expenses of management,  wherever incurred,  whether directly or indirectly, in respect of Life Insurance Business have been fully debited in the Life Insurance Revenue Accounts as expenses.