| FORM NL-33 - SOLVENCY MARGIN - KGII | |||
| TABLE - II | |||
| Insurer: | GENERAL INSURANCE CORPORATION OF INDIA. | ||
| Solvency for the year ended on 30.06.2016 | |||
| Available Solvency Margin and Solvency Ratio | |||
| (` in Lacs) | |||
| Item | Description | Notes No. | Amount |
|---|---|---|---|
| (1) | (2) | (3) | (4) |
| 1 | Available Assets in Policyholders’ Funds (adjusted value of Assets as mentioned in Form IRDA-Assets-AA): | 34353 15.21 | |
| Deduct: | |||
| 2 | Liabilities (reserves as mentioned in Form HG) | 31093 78.18 | |
| 3 | Other Liabilities (other liabilities in respect of Policyholders’ Fund as mentioned in Balance Sheet) | NIL | |
| 4 | Excess in Policyholders’ Funds (1-2-3) | 3259 37.03 | |
| 5 | Available Assets in Shareholders’ Funds (value of Assets as mentioned in Form IRDA-Assets-AA): | 17452 09.84 | |
| Deduct: | |||
| 6 | Other Liabilities (other liabilities in respect of Shareholders’ Fund as mentioned in Balance Sheet) | 4785 23.08 | |
| 7 | Excess in Shareholders’ Funds (5-6) | 12666 86.75 | |
| 8 | Total Available Solvency Margin [ASM] (4+7) | 15926 23.78 | |
| 9 | Total Required Solvency Margin [RSM] | 4473 42.88 | |
| 10 | Solvency Ratio (Total ASM/Total RSM) | 3.56 | |