| FORM NL-4-PREMIUM SCHEDULE | |||
|---|---|---|---|
| Name of the Insurer: GENERAL INSURANCE CORPORATION OF INDIA | |||
| PREMIUM EARNED [NET] | |||
| FOR THE PERIOD ENDED 30.06.2016 | |||
| A | FIRE INSURANCE | (` '000) | |
| PARTICULARS | Up to the quarter ending 30.06.2016 | Up to the Quarter of the prceeding year | |
| Premium from direct business written | |||
| Service Tax | |||
| Adjustment for change in reserve for unexpired risks | |||
| Gross Earned Premium | 0 | 0 | |
| Add: Premium on reinsurance accepted | 22191 752 | 15516 567 | |
| Less : Premium on reinsurance ceded | 4857 967 | 4619 923 | |
| Net Premium | 17333 785 | 10896 644 | |
| Adjustment for change in reserve for unexpired risks | -2323 908 | 596 586 | |
| Premium Earned (Net) | 15009 877 | 11493 230 | |
| B | MISCELLANEOUS INSURANCE | ||
| (1) | MOTOR | ||
| Premium from direct business written | |||
| Service Tax | |||
| Adjustment for change in reserve for unexpired risks | |||
| Gross Earned Premium | 0 | 0 | |
| Add: Premium on reinsurance accepted | 12073 428 | 9347 898 | |
| Less : Premium on reinsurance ceded | 0 | 0 | |
| Net Premium | 12073 428 | 9347 898 | |
| Adjustment for change in reserve for unexpired risks | -1380 579 | -385 280 | |
| Premium Earned (Net) | 10692 849 | 8962 618 | |
| (2) | AVIATION | ||
| Premium from direct business written | 0 | 0 | |
| Service Tax | |||
| Adjustment for change in reserve for unexpired risks | |||
| Gross Earned Premium | 0 | ||
| Add: Premium on reinsurance accepted | 1174 974 | 329 712 | |
| Less : Premium on reinsurance ceded | 111 344 | 288 997 | |
| Net Premium | 1063 630 | 40 715 | |
| Adjustment for change in reserve for unexpired risks | -387 989 | 623 819 | |
| Premium Earned (Net) | 675 641 | 664 534 | |
| (3) | ENGINEERING | ||
| Premium from direct business written | |||
| Service Tax | |||
| Adjustment for change in reserve for unexpired risks | |||
| Gross Earned Premium | 0 | 0 | |
| Add: Premium on reinsurance accepted | 2664 906 | 2138 543 | |
| Less : Premium on reinsurance ceded | 107 451 | 130 856 | |
| Net Premium | 2557 455 | 2007 687 | |
| Adjustment for change in reserve for unexpired risks | -273 475 | 173 597 | |
| Premium Earned (Net) | 2283 979 | 2181 284 | |
| (4) | W.C. | ||
| Premium from direct business written | |||
| Service Tax | |||
| Adjustment for change in reserve for unexpired risks | |||
| Gross Earned Premium | 0 | 0 | |
| Add: Premium on reinsurance accepted | 90 767 | 52 961 | |
| Less : Premium on reinsurance ceded | 0 | 0 | |
| Net Premium | 90 767 | 52 961 | |
| Adjustment for change in reserve for unexpired risks | -20 551 | -6 617 | |
| Premium Earned (Net) | 70 216 | 46 344 | |
| (5) | Liability | ||
| Premium from direct business written | |||
| Service Tax | |||
| Adjustment for change in reserve for unexpired risks | |||
| Gross Earned Premium | 0 | 0 | |
| Add: Premium on reinsurance accepted | 552 961 | 372 210 | |
| Less : Premium on reinsurance ceded | 55 879 | 0 | |
| Net Premium | 497 082 | 372 210 | |
| Adjustment for change in reserve for unexpired risks | -62 312 | -17 891 | |
| Premium Earned (Net) | 434 769 | 354 320 | |
| (6) | PA | ||
| Premium from direct business written | |||
| Service Tax | |||
| Adjustment for change in reserve for unexpired risks | |||
| Gross Earned Premium | 0 | 0 | |
| Add: Premium on reinsurance accepted | 1233 441 | 1088 813 | |
| Less : Premium on reinsurance ceded | 0 | 2 571 | |
| Net Premium | 1233 441 | 1086 242 | |
| Adjustment for change in reserve for unexpired risks | -72 885 | -261 860 | |
| Premium Earned (Net) | 1160 555 | 824 382 | |
| (7) | Health | ||
| Premium from direct business written | |||
| Service Tax | |||
| Adjustment for change in reserve for unexpired risks | |||
| Gross Earned Premium | 0 | 0 | |
| Add: Premium on reinsurance accepted | 9229 148 | 4841 753 | |
| Less : Premium on reinsurance ceded | 804 780 | 0 | |
| Net Premium | 8424 368 | 4841 753 | |
| Adjustment for change in reserve for unexpired risks | -1828 966 | -553 564 | |
| Premium Earned (Net) | 6595 402 | 4288 189 | |
| (8) | Oth. Misc. | ||
| Premium from direct business written | |||
| Service Tax | |||
| Adjustment for change in reserve for unexpired risks | |||
| Gross Earned Premium | 0 | 0 | |
| Add: Premium on reinsurance accepted | 4585 962 | 4353 367 | |
| Less : Premium on reinsurance ceded | 1144 377 | 134 299 | |
| Net Premium | 3441 585 | 4219 068 | |
| Adjustment for change in reserve for unexpired risks | 328 428 | -1049 618 | |
| Premium Earned (Net) | 3770 013 | 3169 450 | |
| (9) | FL/Credit | ||
| Premium from direct business written | |||
| Service Tax | |||
| Adjustment for change in reserve for unexpired risks | |||
| Gross Earned Premium | 0 | 0 | |
| Add: Premium on reinsurance accepted | 600 374 | 489 317 | |
| Less : Premium on reinsurance ceded | 0 | 0 | |
| Net Premium | 600 374 | 489 317 | |
| Adjustment for change in reserve for unexpired risks | -55 613 | 39 397 | |
| Premium Earned (Net) | 544 761 | 528 714 | |
| TOTAL MISCELLANEOUS | |||
| Premium from direct business written | 0 | 0 | |
| Service Tax | |||
| Adjustment for change in reserve for unexpired risks | |||
| Gross Earned Premium | 0 | 0 | |
| Add: Premium on reinsurance accepted | 32205 959 | 23014 577 | |
| Less : Premium on reinsurance ceded | 2223 831 | 556 723 | |
| Net Premium | 29982 128 | 22457 854 | |
| Adjustment for change in reserve for unexpired risks | -3753 942 | -1438 016 | |
| Premium Earned (Net) | 26228 186 | 21019 838 | |
| C | MARINE INSURANCE | ||
| (1) | MARINE CARGO | ||
| Premium from direct business written | |||
| Service Tax | |||
| Adjustment for change in reserve for unexpired risks | |||
| Gross Earned Premium | 0 | 0 | |
| Add: Premium on reinsurance accepted | 1278 807 | 763 810 | |
| Less : Premium on reinsurance ceded | 73 656 | 96 389 | |
| Net Premium | 1205 151 | 667 421 | |
| Adjustment for change in reserve for unexpired risks | 1226 007 | 535 170 | |
| Premium Earned (Net) | 2431 158 | 1202 591 | |
| (2) | MARINE HULL | ||
| Premium from direct business written | |||
| Service Tax | |||
| Adjustment for change in reserve for unexpired risks | |||
| Gross Earned Premium | 0 | 0 | |
| Add: Premium on reinsurance accepted | 2602 976 | 2319 253 | |
| Less : Premium on reinsurance ceded | 193 369 | 187 830 | |
| Net Premium | 2409 607 | 2131 423 | |
| Adjustment for change in reserve for unexpired risks | -205 469 | -772 795 | |
| Premium Earned (Net) | 2204 138 | 1358 628 | |
| TOTAL MARINE | |||
| Premium from direct business written | |||
| Service Tax | |||
| Adjustment for change in reserve for unexpired risks | |||
| Gross Earned Premium | 0 | 0 | |
| Add: Premium on reinsurance accepted | 3881 782 | 3083 063 | |
| Less : Premium on reinsurance ceded | 267 024 | 284 219 | |
| Net Premium | 3614 758 | 2798 844 | |
| Adjustment for change in reserve for unexpired risks | 1020 538 | -237 625 | |
| Premium Earned (Net) | 4635 296 | 2561 219 | |
| D | LIFE INSURANCE | ||
| Premium from direct business written | |||
| Service Tax | |||
| Adjustment for change in reserve for unexpired risks | |||
| Gross Earned Premium | 0 | 0 | |
| Add: Premium on reinsurance accepted | 1134 506 | 537 565 | |
| Less : Premium on reinsurance ceded | 53 336 | 45 362 | |
| Net Premium | 1081 170 | 492 203 | |
| Adjustment for change in reserve for unexpired risks | -1009 793 | -17 396 | |
| Premium Earned (Net) | 71 377 | 474 807 | |
| E | TOTAL ALL CLASSES | ||
| Premium from direct business written | 0 | 0 | |
| Service Tax | |||
| Adjustment for change in reserve for unexpired risks | |||
| Gross Earned Premium | 0 | 0 | |
| Add: Premium on reinsurance accepted | 59413 999 | 42151 772 | |
| Less : Premium on reinsurance ceded | 7402 158 | 5506 227 | |
| Net Premium | 52011 841 | 36645 545 | |
| Adjustment for change in reserve for unexpired risks | -6067 105 | -1096 451 | |
| Premium Earned (Net) | 45944 736 | 35549 094 | |