| FORM NL-31: Related Party Transactions | |||||||
|---|---|---|---|---|---|---|---|
| Insurer: | GIC Re | Date: 30.06.2016 | . | . | |||
| . | . | (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 30.06.2016 | Up to the Quarter 30.06.2016 | Corresponding quarter of the preceding year 30.06.2015 | Up to the Quarter of the preceding year 30.06.2015 | ||||
| 1 | Kenindia Assurance Company | Associate Company | Net Premiun - Net commission - Net Claims | 14,452 | 14,452 | -146,628 | -146,628 |
| 2 | India International Pte LTD. | Associate Company | Net Premiun - Net commission - Net Claims | 41,979 | 41,979 | 0 | 0 |
| 3 | Agricultural Insurance Company of India Ltd | Associate Company | Net Premiun - Net commission - Net Claims | 0 | 0 | 0 | 0 |
| 4 | East Africa Re | Associate Company | Net Premiun - Net commission - Net Claims | -598,127 | -598,127 | 617,881 | 617,881 |
| 5 | Asian Reinsurance Corporation | Associate Company | Net Premiun - Net commission - Net Claims | 0 | 0 | 0 | 0 |
| (-) indicates amount payable by GIC | |||||||