| FORM NL-33 - SOLVENCY MARGIN - KGII |
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TABLE - II |
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| Insurer : General Insurance Corporation of India |
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| Solvency for the year ended on 31 March 2016 |
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| Available Solvency Margin and Solvency Ratio |
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(` in Lacs) |
| Item (1) |
Description (2) |
Notes No. (3) |
Amount (4) |
| 1 |
Available Assets in Policyholders’ Funds (adjusted value of Assets as mentioned in Form IRDA-Assets-AA): |
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32857 83.76 |
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Deduct: |
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| 2 |
Liabilities (reserves as mentioned in Form HG) |
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29555 89.44 |
| 3 |
Other Liabilities (other liabilities in respect of Policyholders’ Fund as mentioned in Balance Sheet) |
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NIL |
| 4 |
Excess in Policyholders’ Funds (1-2-3) |
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3301 94.32 |
| 5 |
Available Assets in Shareholders’ Funds (value of Assets as mentioned in Form IRDA-Assets-AA): |
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16029 76.53 |
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Deduct: |
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| 6 |
Other Liabilities (other liabilities in respect of Shareholders’ Fund as mentioned in Balance Sheet) |
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4815 27.60 |
| 7 |
Excess in Shareholders’ Funds (5-6) |
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11214 48.93 |
| 8 |
Total Available Solvency Margin [ASM] (4+7) |
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14516 43.24 |
| 9 |
Total Required Solvency Margin [RSM] |
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4170 47.16 |
| 10 |
Solvency Ratio (Total ASM/Total RSM) |
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3.48 |