| FORM NL-4-PREMIUM SCHEDULE |
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| Name of the Insurer: GENERAL INSURANCE CORPORATION OF INDIA |
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| PREMIUM EARNED [NET] |
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| FOR THE YEAR ENDED 31 MARCH 2016 |
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| A |
FIRE INSURANCE |
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( ` '000) |
| |
PARTICULARS |
For the year ended 31 March 2016 |
For the year ended 31 March 2015 |
| |
Premium from direct business written |
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|
| |
Service Tax |
|
|
| |
Adjustment for change in reserve for unexpired risks |
|
|
| |
Gross Earned Premium |
0 |
0 |
| |
Add: Premium on reinsurance accepted |
64761 247 |
47016 449 |
| |
Less : Premium on reinsurance ceded |
13454 793 |
7616 664 |
| |
Net Premium |
51306 454 |
39399 785 |
| |
Adjustment for change in reserve for unexpired risks |
-6266 929 |
287 326 |
| |
Premium Earned (Net) |
45039 525 |
39687 111 |
| B |
MISCELLANEOUS INSURANCE |
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|
| (1) |
MOTOR |
|
|
| |
Premium from direct business written |
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|
| |
Service Tax |
|
|
| |
Adjustment for change in reserve for unexpired risks |
|
|
| |
Gross Earned Premium |
0 |
0 |
| |
Add: Premium on reinsurance accepted |
44882 912 |
38522 946 |
| |
Less : Premium on reinsurance ceded |
0 |
0 |
| |
Net Premium |
44882 912 |
38522 946 |
| |
Adjustment for change in reserve for unexpired risks |
-3414 131 |
-2032 288 |
| |
Premium Earned (Net) |
41468 781 |
36490 658 |
| (2) |
AVIATION |
|
|
| |
Premium from direct business written |
0 |
0 |
| |
Service Tax |
|
|
| |
Adjustment for change in reserve for unexpired risks |
|
|
| |
Gross Earned Premium |
0 |
|
| |
Add: Premium on reinsurance accepted |
4531 748 |
6863 948 |
| |
Less : Premium on reinsurance ceded |
974 129 |
961 890 |
| |
Net Premium |
3557 619 |
5902 058 |
| |
Adjustment for change in reserve for unexpired risks |
1148 004 |
-1179 865 |
| |
Premium Earned (Net) |
4705 623 |
4722 193 |
| (3) |
ENGINEERING |
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|
| |
Premium from direct business written |
|
|
| |
Service Tax |
|
|
| |
Adjustment for change in reserve for unexpired risks |
|
|
| |
Gross Earned Premium |
0 |
0 |
| |
Add: Premium on reinsurance accepted |
8906 026 |
7958 220 |
| |
Less : Premium on reinsurance ceded |
1245 459 |
854 396 |
| |
Net Premium |
7660 567 |
7103 824 |
| |
Adjustment for change in reserve for unexpired risks |
-310 661 |
281 556 |
| |
Premium Earned (Net) |
7349 906 |
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 |
| |
Add: Premium on reinsurance accepted |
253 526 |
182 702 |
| |
Less : Premium on reinsurance ceded |
0 |
0 |
| |
Net Premium |
253 526 |
182 702 |
| |
Adjustment for change in reserve for unexpired risks |
-35 433 |
30 085 |
| |
Premium Earned (Net) |
218 093 |
212 787 |
| (5) |
Liability |
|
|
| |
Premium from direct business written |
|
|
| |
Service Tax |
|
|
| |
Adjustment for change in reserve for unexpired risks |
|
|
| |
Gross Earned Premium |
0 |
0 |
| |
Add: Premium on reinsurance accepted |
1505 296 |
1153 477 |
| |
Less : Premium on reinsurance ceded |
89 047 |
116 619 |
| |
Net Premium |
1416 249 |
1036 858 |
| |
Adjustment for change in reserve for unexpired risks |
-190 201 |
-80 778 |
| |
Premium Earned (Net) |
1226 048 |
956 080 |
| (6) |
PA |
|
|
| |
Premium from direct business written |
|
|
| |
Service Tax |
|
|
| |
Adjustment for change in reserve for unexpired risks |
|
|
| |
Gross Earned Premium |
0 |
0 |
| |
Add: Premium on reinsurance accepted |
3805 190 |
2691 267 |
| |
Less : Premium on reinsurance ceded |
5 142 |
11 685 |
| |
Net Premium |
3800 048 |
2679 582 |
| |
Adjustment for change in reserve for unexpired risks |
-575 996 |
559 125 |
| |
Premium Earned (Net) |
3224 052 |
3238 707 |
| (7) |
Health |
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|
| |
Premium from direct business written |
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|
| |
Service Tax |
|
|
| |
Adjustment for change in reserve for unexpired risks |
|
|
| |
Gross Earned Premium |
0 |
0 |
| |
Add: Premium on reinsurance accepted |
25041 895 |
21049 810 |
| |
Less : Premium on reinsurance ceded |
0 |
0 |
| |
Net Premium |
25041 895 |
21049 810 |
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Adjustment for change in reserve for unexpired risks |
-1990 028 |
-2383 824 |
| |
Premium Earned (Net) |
23051 867 |
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 |
| |
Add: Premium on reinsurance accepted |
16463 329 |
12349 017 |
| |
Less : Premium on reinsurance ceded |
2381 912 |
1772 572 |
| |
Net Premium |
14081 417 |
10576 445 |
| |
Adjustment for change in reserve for unexpired risks |
-1833 002 |
1007 847 |
| |
Premium Earned (Net) |
12248 415 |
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 |
| |
Add: Premium on reinsurance accepted |
1766 695 |
1455 353 |
| |
Less : Premium on reinsurance ceded |
450 000 |
0 |
| |
Net Premium |
1316 695 |
1455 353 |
| |
Adjustment for change in reserve for unexpired risks |
68 560 |
545 079 |
| |
Premium Earned (Net) |
1385 255 |
2000 432 |
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TOTAL MISCELLANEOUS |
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|
| |
Premium from direct business written |
0 |
0 |
| |
Service Tax |
|
|
| |
Adjustment for change in reserve for unexpired risks |
|
|
| |
Gross Earned Premium |
0 |
0 |
| |
Add: Premium on reinsurance accepted |
107156 617 |
92226 740 |
| |
Less : Premium on reinsurance ceded |
5145 689 |
3717 162 |
| |
Net Premium |
102010 928 |
88509 578 |
| |
Adjustment for change in reserve for unexpired risks |
-7132 888 |
-3253 063 |
| |
Premium Earned (Net) |
94878 040 |
85256 515 |
| C |
MARINE INSURANCE |
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|
| (1) |
MARINE CARGO |
|
|
| |
Premium from direct business written |
|
|
| |
Service Tax |
|
|
| |
Adjustment for change in reserve for unexpired risks |
|
|
| |
Gross Earned Premium |
0 |
0 |
| |
Add: Premium on reinsurance accepted |
3377 551 |
3806 211 |
| |
Less : Premium on reinsurance ceded |
380 402 |
277 104 |
| |
Net Premium |
2997 149 |
3529 107 |
| |
Adjustment for change in reserve for unexpired risks |
520 118 |
228 826 |
| |
Premium Earned (Net) |
3517 267 |
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 |
| |
Add: Premium on reinsurance accepted |
6756 228 |
7217 036 |
| |
Less : Premium on reinsurance ceded |
1225 493 |
1282 284 |
| |
Net Premium |
5530 735 |
5934 752 |
| |
Adjustment for change in reserve for unexpired risks |
387 247 |
-358 096 |
| |
Premium Earned (Net) |
5917 982 |
5576 656 |
|
TOTAL MARINE |
|
|
| |
Premium from direct business written |
|
|
| |
Service Tax |
|
|
| |
Adjustment for change in reserve for unexpired risks |
|
|
| |
Gross Earned Premium |
0 |
0 |
| |
Add: Premium on reinsurance accepted |
10133 779 |
11023 247 |
| |
Less : Premium on reinsurance ceded |
1605 895 |
1559 388 |
| |
Net Premium |
8527 884 |
9463 859 |
| |
Adjustment for change in reserve for unexpired risks |
907 365 |
-129 270 |
| |
Premium Earned (Net) |
9435 249 |
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 |
| |
Add: Premium on reinsurance accepted |
2306 478 |
1573 224 |
| |
Less : Premium on reinsurance ceded |
403 897 |
376 312 |
| |
Net Premium |
1902 581 |
1196 912 |
| |
Adjustment for change in reserve for unexpired risks |
472 993 |
107 396 |
| |
Premium Earned (Net) |
2375 574 |
1304 308 |
| E |
TOTAL ALL CLASSES |
|
|
| |
Premium from direct business written |
0 |
0 |
| |
Service Tax |
|
|
| |
Adjustment for change in reserve for unexpired risks |
|
|
| |
Gross Earned Premium |
0 |
0 |
| |
Add: Premium on reinsurance accepted |
184358 121 |
151839 660 |
| |
Less : Premium on reinsurance ceded |
20610 274 |
13269 526 |
| |
Net Premium |
163747 847 |
138570 134 |
| |
Adjustment for change in reserve for unexpired risks |
-12019 459 |
-2987 611 |
| |
Premium Earned (Net) |
151728 388 |
135582 523 |