FORM NL-5 - CLAIMS SCHEDULE gic-logo-final
Name of the Insurer:  GENERAL INSURANCE CORPORATION OF INDIA   
CLAIMS INCURRED [NET]
FOR THE YEAR ENDED 31 MARCH 2016
(` '000)
  PARTICULARS For the year ended 31 March 2016 For the year ended 31 March 2015
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 38282 764 36728 178
  Less :Re-insurance Ceded to claims paid 9209 430 1563 411
  Net Claims Paid 29073 334 35164 767
  Add : Claims Outstanding at the end of the year 73001 061 67582 224
  Less: Claims Outstanding at the beginning of the year 67582 224 76208 072
  Total Claims Incurred 34492 171 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 29418 461 41344 945
  Less :Re-insurance Ceded to claims paid  0  0
  Net Claims Paid 29418 461 41344 945
  Add : Claims Outstanding at the end of the year 61161 102 51587 884
  Less: Claims Outstanding at the beginning of the year 51587 884 54058 415
  Total Claims Incurred 38991 679 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 -11 700 4 057
  Add   :Re-insurance accepted to direct claims 3901 682 3324 259
  Less :Re-insurance Ceded to claims paid 332 185 143 556
  Net Claims Paid 3557 797 3184 760
  Add : Claims Outstanding at the end of the year 8550 135 8803 936
  Less: Claims Outstanding at the beginning of the year 8803 936 7900 822
  Total Claims Incurred 3303 996 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 4392 151 3889 855
  Less :Re-insurance Ceded to claims paid 164 800 17 234
  Net Claims Paid 4227 351 3872 621
  Add : Claims Outstanding at the end of the year 16497 841 18382 485
  Less: Claims Outstanding at the beginning of the year 18382 485 17748 578
  Total Claims Incurred 2342 707 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 89 996 79 206
  Less :Re-insurance Ceded to claims paid  0  0
  Net Claims Paid 89 996 79 206
  Add : Claims Outstanding at the end of the year 210 187 161 463
  Less: Claims Outstanding at the beginning of the year 161 463 163 235
  Total Claims Incurred 138 720 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 436 967 243 887
  Less :Re-insurance Ceded to claims paid  0 38 252
  Net Claims Paid 436 967 205 635
  Add : Claims Outstanding at the end of the year 1726 140 1579 545
  Less: Claims Outstanding at the beginning of the year 1579 545 1842 666
  Total Claims Incurred 583 562 -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 1443 703 2586 724
  Less :Re-insurance Ceded to claims paid  0  0
  Net Claims Paid 1443 703 2586 724
  Add : Claims Outstanding at the end of the year 2015 981 1888 768
  Less: Claims Outstanding at the beginning of the year 1888 768 2406 549
  Total Claims Incurred 1570 916 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 21544 530 17748 458
  Less :Re-insurance Ceded to claims paid  0  0
  Net Claims Paid 21544 530 17748 458
  Add : Claims Outstanding at the end of the year 12428 273 12700 829
  Less: Claims Outstanding at the beginning of the year 12700 829 9158 105
  Total Claims Incurred 21271 974 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 16887 122 9320 071
  Less :Re-insurance Ceded to claims paid 1049 991  0
  Net Claims Paid 15837 131 9320 071
  Add : Claims Outstanding at the end of the year 9924 875 9707 154
  Less: Claims Outstanding at the beginning of the year 9707 154 10337 916
  Total Claims Incurred 16054 852 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 1995 532 1225 730
  Less :Re-insurance Ceded to claims paid  0  0
  Net Claims Paid 1995 532 1225 730
  Add : Claims Outstanding at the end of the year 6872 775 6648 242
  Less: Claims Outstanding at the beginning of the year 6648 242 5885 222
  Total Claims Incurred 2220 065 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 -11 700 4 057
  Add   :Re-insurance accepted to direct claims 80110 144 79763 135
  Less :Re-insurance Ceded to claims paid 1546 976 199 042
  Net Claims Paid 78551 468 79568 150
  Add : Claims Outstanding at the end of the year 119387 309 111460 306
  Less: Claims Outstanding at the beginning of the year 111460 306 109501 508
  Total Claims Incurred 86478 471 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 1863 470 3274 157
  Less :Re-insurance Ceded to claims paid 51 005 62 823
  Net Claims Paid 1812 465 3211 334
  Add : Claims Outstanding at the end of the year 5899 043 5556 870
  Less: Claims Outstanding at the beginning of the year 5556 870 5225 659
  Total Claims Incurred 2154 638 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 4630 060 4242 795
  Less :Re-insurance Ceded to claims paid 516 246 309 043
  Net Claims Paid 4113 814 3933 752
  Add : Claims Outstanding at the end of the year 9740 973 9681 428
  Less: Claims Outstanding at the beginning of the year 9681 428 7238 540
  Total Claims Incurred 4173 359 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 6493 530 7516 952
  Less :Re-insurance Ceded to claims paid 567 251 371 866
  Net Claims Paid 5926 279 7145 086
  Add : Claims Outstanding at the end of the year 15640 016 15238 298
  Less: Claims Outstanding at the beginning of the year 15238 298 12464 199
  Total Claims Incurred 6327 997 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 1802 156 995 129
  Less :Re-insurance Ceded to claims paid 295 481 321 318
  Net Claims Paid 1506 675 673 811
  Add : Claims Outstanding at the end of the year 1047 227 853 942
  Less: Claims Outstanding at the beginning of the year 853 942 595 087
  Total Claims Incurred 1699 960 932 666
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 -11 700 4 057
  Add   :Re-insurance accepted to direct claims 126688 594 125003 394
  Less :Re-insurance Ceded to claims paid 11619 138 2455 637
  Net Claims Paid 115057 756 122551 814
  Add : Claims Outstanding at the end of the year 209075 613 195134 770
  Less: Claims Outstanding at the beginning of the year 195134 770 198768 866
  Total Claims Incurred 128998 599 118917 718