FORM NL-7-OPERATING EXPENSES SCHEDULE gic-logo-final
Name of the Insurer:  GENERAL INSURANCE CORPORATION OF INDIA   
OPERATING EXPENSES RELATED TO INSURANCE BUSINESS (` '000)
  PARTICUALRS For the year ended 31 March 2016 For the year ended 31 March 2015
1 Employees’ remuneration & welfare benefits 859 963 686 241
2 Travel, conveyance and vehicle running expenses 89 762 69 198
3 Training expenses 23 425 9 879
4 Rents, rates & taxes 60 272 39 683
5 Repairs 212 637 211 324
6 Printing & stationery 2 735 2 643
7 Communication 12 338 11 660
8 Legal & professional charges 50 940 134 334
9 Auditors' fees, expenses etc    
  (a) as auditor 8 239 7 081
  (b) as adviser or in any other capacity, in respect of    
  (i) Taxation matters  300  300
  (ii) Insurance matters    
  (iii) Management services; and    
  (c)   in any other capacity  2  5
10 Advertisement and publicity 54 412 48 847
11 Interest & Bank Charges 11 734 7 890
12 Others  198 600 172 472
13 Depreciation 95 789 92 463
14 Service Tax A/C 4 557 5 131
15 IT Expesnses 121 269 95 205
  TOTAL 1806 974 1594 356
Note: Items of expenses and income in excess of one percent of the total premiums (less reinsurance) or Rs.5,00,000 whichever is higher, shall be shown as a separate line item.