| FORM NL-1-B-RA |
| Name of the Insurer: GENERAL INSURANCE CORPORATION OF INDIA |
| Registration No. |
| Date of Registration with the IRDAI : 2nd April, 2001 |
| REVENUE ACCOUNT FOR THE PERIOD ENDED 31.12.2016 |
| FIRE INSURANCE BUSINESS |
( . IN 000) |
| |
PARTICULARS |
SCHEDULE |
Up to the quarter ending 31.12.2016 |
Up to the Quarter of the prceeding year |
| 1 |
Premiums earned (Net) |
NL-4-Premium Schedule |
40668 868 |
32830 934 |
| 2 |
Profit on sale of Investments (Net) |
|
1614 873 |
1923 714 |
| 3 |
Profit/-Loss on Exchange Fluctuation |
|
392 768 |
490 377 |
| 4 |
Interest, Dividend & Rent - Gross |
|
4702 280 |
4339 634 |
| |
TOTAL (A) |
|
47378 789 |
39584 659 |
| 1 |
Claims Incurred (Net) |
NL-5-Claims Schedule |
34813 889 |
33646 833 |
| 2 |
Commission (Net) |
NL-6-Commission Schedule |
12586 808 |
8704 448 |
| 3 |
Operating Expenses related to Insurance Business |
NL-7-Operating Expenses Schedule |
488 051 |
500 671 |
| 4 |
Expenses relating to Investments |
|
5 197 |
4 971 |
| |
TOTAL (B) |
|
47893 945 |
42856 923 |
| |
Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B) |
|
-515 156 |
-3272 264 |
| |
APPROPRIATIONS |
|
|
|
| |
Transfer to Shareholders’ Account |
|
-515 156 |
-3272 264 |
| |
Transfer to Catastrophe Reserve |
|
|
|
| |
Transfer to Other Reserves (to be specified) |
|
|
|
| |
TOTAL (C) |
|
-515 156 |
-3272 264 |
| As required by Section 40C (2) of the Insurance Act, 1938, we certify that, all expenses of management, wherever incurred, whether directly or indirectly, in respect of Fire Insurance Business have been fully debited in the Fire Insurance Revenue Accounts as expenses. |
| MISCELLANEOUS INSURANCE BUSINESS |
| |
PARTICULARS |
SCHEDULE |
Up to the quarter ending 31.12.2016 |
Up to the Quarter of the prceeding year |
| 1 |
Premiums earned (Net) |
NL-4-Premium Schedule |
118836 154 |
66286 192 |
| 2 |
Profit on sale of Investments (Net) |
|
2768 163 |
3406 307 |
| 3 |
Profit/-Loss on Exchange Fluctuation |
|
694 077 |
934 544 |
| 4 |
Interest, Dividend & Rent - Gross |
|
8060 493 |
7684 159 |
| |
TOTAL (A) |
|
130358 887 |
78311 202 |
| 1 |
Claims Incurred (Net) |
NL-5-Claims Schedule |
106579 445 |
54174 948 |
| 2 |
Commission (Net) |
NL-6-Commission Schedule |
25909 249 |
13977 553 |
| 3 |
Operating Expenses related to Insurance Business |
NL-7-Operating Expenses Schedule |
1329 348 |
789 513 |
| 4 |
Expenses relating to Investments |
|
8 909 |
8 802 |
| 5 |
Premium Deficiency |
|
0 |
0 |
| |
TOTAL (B) |
|
133826 951 |
68950 817 |
| |
Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B) |
|
-3468064 |
9360 385 |
| |
APPROPRIATIONS |
|
|
|
| |
Transfer to Shareholders’ Account |
|
-3468 064 |
9360 385 |
| |
Transfer to Catastrophe Reserve |
|
0 |
0 |
| |
Transfer to Other Reserves (to be specified) |
|
0 |
0 |
| |
TOTAL (C) |
|
-3468 064 |
9360 385 |
| As required by Section 40C (2) of the Insurance Act, 1938, we certify that, all expenses of management, wherever incurred, whether directly or indirectly, in respect of Miscellaneous Insurance Business have been fully debited in the Miscellaneous Insurance Revenue Accounts as expenses. |
| MARINE INSURANCE BUSINESS |
| |
PARTICULARS |
SCHEDULE |
Up to the quarter ending 31.12.2016 |
Up to the Quarter of the prceeding year |
| 1 |
Premiums earned (Net) |
NL-4-Premium Schedule |
8681 042 |
7549 824 |
| 2 |
Profit on sale of Investments (Net) |
|
392 073 |
552 959 |
| 3 |
Profit/-Loss on Exchange Fluctuation |
|
96 114 |
154 575 |
| 4 |
Interest, Dividend & Rent - Gross |
|
1141 661 |
1247 401 |
| |
TOTAL (A) |
|
10310 890 |
9504 759 |
| 1 |
Claims Incurred (Net) |
NL-5-Claims Schedule |
4756 637 |
3452 357 |
| 2 |
Commission (Net) |
NL-6-Commission Schedule |
957 632 |
1321 157 |
| 3 |
Operating Expenses related to Insurance Business |
NL-7-Operating Expenses Schedule |
49 113 |
63 388 |
| 4 |
Expenses relating to Investments |
|
1 262 |
1 429 |
| 5 |
Premium Deficiency |
|
0 |
0 |
| |
TOTAL (B) |
|
5764 644 |
4838 331 |
| |
Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B) |
|
4546246 |
4666428 |
| |
APPROPRIATIONS |
|
|
|
| |
Transfer to Shareholders’ Account |
|
4546 246 |
4666 428 |
| |
Transfer to Catastrophe Reserve |
|
|
|
| |
Transfer to Other Reserves (to be specified) |
|
|
|
| |
TOTAL (C) |
|
4546 246 |
4666 428 |
| As required by Section 40C (2) of the Insurance Act, 1938, we certify that, all expenses of management, wherever incurred, whether directly or indirectly, in respect of Marine Insurance Business have been fully debited in the Marine Insurance Revenue Accounts as expenses. |
| LIFE INSURANCE BUSINESS |
| |
PARTICULARS |
SCHEDULE |
Up to the quarter ending 31.12.2016 |
Up to the Quarter of the prceeding year |
| 1 |
Premiums earned (Net) |
NL-4-Premium Schedule |
1518 820 |
1509 891 |
| 2 |
Profit on sale of Investments (Net) |
|
15 234 |
26 677 |
| 3 |
Profit/-Loss on Exchange Fluctuation |
|
4 015 |
7 295 |
| 4 |
Interest, Dividend & Rent - Gross |
|
44 359 |
60 179 |
| |
TOTAL (A) |
|
1582 428 |
1604 042 |
| 1 |
Claims Incurred (Net) |
NL-5-Claims Schedule |
2130 267 |
1050 442 |
| 2 |
Commission (Net) |
NL-6-Commission Schedule |
28 011 |
66 810 |
| 3 |
Operating Expenses related to Insurance Business |
NL-7-Operating Expenses Schedule |
20 599 |
18 830 |
| 4 |
Expenses relating to Investments |
|
49 |
69 |
| |
TOTAL (B) |
|
2178 926 |
1136 151 |
| |
Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B) |
|
-596 498 |
467 891 |
| |
APPROPRIATIONS |
|
|
|
| |
Transfer to Shareholders’ Account |
|
-596 498 |
467 891 |
| |
Transfer to Catastrophe Reserve |
|
|
|
| |
Transfer to Other Reserves (to be specified) |
|
|
|
| |
TOTAL (C) |
|
-596 498 |
467 891 |
| As required by Section 40C (2) of the Insurance Act, 1938, we certify that, all expenses of management, wherever incurred, whether directly or indirectly, in respect of Life Insurance Business have been fully debited in the Life Insurance Revenue Accounts as expenses. |