FORM NL-31: Related Party Transactions |
Insurer: |
GIC Re |
Date: 30.06.2016 |
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(Rs in Thousand) |
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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 |