| FORM NL-33 - SOLVENCY MARGIN - KGII |
| TABLE - II |
|
| Insurer: GENERAL INSURANCE CORPORATION OF INDIA. |
|
| Solvency for the year ended on 31.12.2016 |
|
| Available Solvency Margin and Solvency Ratio |
|
|
 . in lakhs |
| (1) |
(2) |
(3) |
(4) |
| Item |
Description |
Notes No. |
Amount |
| 1 |
Available Assets in Policyholders’ Funds (adjusted value of Assets as mentioned in Form IRDA-Assets-AA): |
|
41353 03.16 |
| |
Deduct: |
|
|
| 2 |
Liabilities (reserves as mentioned in Form HG) |
|
40233 71.60 |
| 3 |
Other Liabilities (other liabilities in respect of Policyholders’ Fund as mentioned in Balance Sheet) |
|
3200 78.00 |
| 4 |
Excess in Policyholders’ Funds (1-2-3) |
|
-2081 46.44 |
| 5 |
Available Assets in Shareholders’ Funds (value of Assets as mentioned in Form IRDA-Assets-AA): |
|
17076 46.28 |
| |
Deduct: |
|
|
| 6 |
Other Liabilities (other liabilities in respect of Shareholders’ Fund as mentioned in Balance Sheet) |
|
325 73.86 |
| 7 |
Excess in Shareholders’ Funds (5-6) |
|
16750 72.43 |
| 8 |
Total Available Solvency Margin [ASM] (4+7) |
|
14669 25.99 |
| 9 |
Total Required Solvency Margin [RSM] |
|
6641 62.26 |
| 10 |
Solvency Ratio (Total ASM/Total RSM) |
|
2.21 |