| 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* | |||
| For the quarter 31.03.2016 | Up to the Quarter 31.03.2016 | Corresponding quarter of the preceding year 31.03.2015 | Up to the Quarter of the preceding year 31.03.2015 | ||||
| 1 | India International Pte LTD. | Associate Company | Net Premiun - Net commission - Net Claims | -301,702 | -327,497 | 73,940 | 69,532 |
| 2 | GIC RE South Africa Ltd. | Associate Company | Net Premiun - Net commission - Net Claims | 288,864 | 660,924 | 0 | 0 |
| 3 | GIC-Bhutan RE Ltd. | Associate Company | Net Premiun - Net commission - Net Claims | 0 | 135 | 0 | 0 |
| 4 | Agricultural Insurance Company of India Ltd | Associate Company | Net Premiun - Net commission - Net Claims | 513,785 | 291,723 | 222,837 | -200,437 |
| 5 | GIC RE INDIA CORPORATE MEMBER | Associate Company | Net Premiun - Net commission - Net Claims | 24,018 | 0 | 0 | 0 |
| (-) indicates amount payable by GIC | |||||||
| *** | there are no related party transaction during the year with GIC South Africa Ltd, GIC Re India Corporate Member & GIC Bhutan Ltd. (As per pg 86 of 43rd Annual Report) | ||||||