FORM NL-2-B-PL
Name of the Insurer: GENERAL INSURANCE CORPORATION OF INDIA
Registration No.112
Date of Registration with the IRDAI : 2nd April, 2001
PROFIT AND LOSS ACCOUNT FOR THE HALF YEAR ENDED 30.09.2016 (Rs.. IN 000)
Sl. No. PARTICULARS SCHEDULE For the quarter ending 30.09.2016 Up to  the Half Year  ending 30.09.2016 For the corresponding quarter of the preceeding year  Up to the Half Year of the prceeding year
1 OPERATING PROFIT/(LOSS)          
  (a)  Fire Insurance -2472 250 -556 957 -2213 251 -588 416
  (b)  Marine Insurance -50 915 2967 638 839 790 1432 140
  (c )  Miscellaneous Insurance 3716 446 6566 251 5850 012 6719 498
  (d)  Life Insurance -179 249 -876 276 -59 610 200 547
         
2 INCOME FROM INVESTMENTS      
  (a)  Interest, Dividend & Rent – Gross 3000 224 5016 347 2734 508 4600 357
  (b)  Profit on sale of investments 865 071 1429 826 873 080 1181 829
        Less: Loss on sale of investments    0    0
         
3 OTHER INCOME (To be specified)      
  Profit on Exchange -70 881 239 367 591 926 862 068
  Profit on sale of Assets (Net)  0  0 - 28  0
  Sundry Balances Written Back (Net)  0  0  22  22
  Interest on Income-tax Refund  0  0  0  0
  Motor Pool Service Charges  0  0  0  0
  Miscellaneous Receipts 3 206 3 800  962 2 362
  TOTAL (A)   4811 652 14789 996 8617 411 14410 407
4 Provision for Doubtful Loans & Investment    582 839 673 435 991 596 1154 466
5 Provision for Doubtful  Debts   2261 980 2261 980  0  0
6 Amortisation of premium on Investments   45 189 91 222 46 518 92 048
7 Diminution in the value of investments written off    0  0 6 087 5 790
8 OTHER EXPENSES        
  Expenses relating to Investments   2 942 4 752 2 790 4 666
  (Profit)/Loss on sale of Assets (Net)    0  0  143  143
  Sundry Balances Written off (Net)    0  0  0  0
  Interest on Service tax    0  0  0 7 346
  Corporate Social Responsibility   76 840 127 980 10 008 16 587
  TOTAL (B)   2969 790 3159 369 1057 142 1281 046
  Profit Before Tax                                    1841 862 11630 627 7560 269 13129 361
  Provision for Taxation :          
  Current Tax -676 024 2072 498 0 2235 400
  Wealth Tax  0  0 0  0
  Mat Tax  0  0 0  0
  Deferred Tax  0  0 0  0
  Fringe Benefit Tax  0  0 0  0
Provision for Tax in respect of earlier years  0  0 0  0
MAT Credit of earlier year  0  0  0
  Profit after Tax   2517 886 9558 129 7560 269 10893 961
  Balance brought forward from last year    0  874 0  769
  Profit available for appropriation   2517 886 9559 003 7560 269 10894 730
  APPROPRIATIONS          
  (a)                 Interim dividends paid during the year    0  0  0  0
  (b)                 Proposed final dividend    0  0 0  0
  (c)                 Dividend distribution tax    0  0 0  0
  (d)                 Transfer to General Reserve    0  0 0  0
  (e)          Balance carried forward to Balance Sheet   2517 885 9559 003 7558894 10894 730
      2517 885 9559 003 7558 894 10894 730
Notes: to Form NL-1-B-RA and NL-2-B- PL
(a) Premium income received from business concluded in and outside India shall be separately disclosed.
(b)Reinsurance premiums whether on business ceded or accepted are to be brought into account gross (i.e. before deducting commissions) under the head reinsurance premiums.
(c)Claims incurred shall comprise claims paid, specific claims settlement costs wherever applicable and change in the outstanding provision for claims at the year-end,.
(d)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.
(e)Fees and expenses connected with claims shall be included in claims.
(f) Under the sub-head "Others” shall be included items like foreign exchange gains or losses and other  items.
(g)Interest, dividends and rentals receivable in connection with an investment should be stated as gross amount, the amount of income tax deducted at source being included under 'advance taxes paid and taxes deducted at source”..
(h)Income from rent shall include only the realised rent. It shall not include any notional rent.