| FORM NL-4-PREMIUM SCHEDULE |
| Name of the Insurer: GENERAL INSURANCE CORPORATION OF INDIA |
| PREMIUM EARNED [NET] |
| FOR THE PERIOD ENDED 31.12.2016 |
| A |
FIRE INSURANCE |
( '000) |
| |
PARTICULARS |
Up to the quarter ending 31.12.2016 |
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 |
58099 387 |
43169 235 |
| |
Less : Premium on reinsurance ceded |
12856 302 |
10877 499 |
| |
Net Premium |
45243 085 |
32291 736 |
| |
Adjustment for change in reserve for unexpired risks |
-4574 217 |
539 198 |
| |
Premium Earned (Net) |
40668 868 |
32830 934 |
| 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 |
46463 224 |
31912 212 |
| |
Less : Premium on reinsurance ceded |
0 |
0 |
| |
Net Premium |
46463 224 |
31912 212 |
| |
Adjustment for change in reserve for unexpired risks |
-6953 992 |
-2639 036 |
| |
Premium Earned (Net) |
39509 232 |
29273 176 |
|
|
|
|
|
|
|
|
| (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 |
4631 675 |
3407 721 |
| |
Less : Premium on reinsurance ceded |
708 080 |
741 601 |
| |
Net Premium |
3923 595 |
2666 120 |
| |
Adjustment for change in reserve for unexpired risks |
-613 217 |
889 811 |
| |
Premium Earned (Net) |
3310 378 |
3555 931 |
|
|
|
|
|
|
|
|
| (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 |
7160 471 |
6537 024 |
| |
Less : Premium on reinsurance ceded |
201 249 |
1072 335 |
| |
Net Premium |
6959 222 |
5464 689 |
| |
Adjustment for change in reserve for unexpired risks |
-2259 296 |
-144 148 |
| |
Premium Earned (Net) |
4699 926 |
5320 541 |
|
|
|
|
|
|
|
|
| (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 |
258 061 |
172 873 |
| |
Less : Premium on reinsurance ceded |
0 |
0 |
| |
Net Premium |
258 061 |
172 873 |
| |
Adjustment for change in reserve for unexpired risks |
-39 037 |
-30 696 |
| |
Premium Earned (Net) |
219 024 |
142 177 |
|
|
|
|
|
|
|
|
| (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 |
1560 118 |
1128 976 |
| |
Less : Premium on reinsurance ceded |
154 705 |
39 283 |
| |
Net Premium |
1405 413 |
1089 693 |
| |
Adjustment for change in reserve for unexpired risks |
-156 313 |
-68 054 |
| |
Premium Earned (Net) |
1249 100 |
1021 639 |
|
|
|
|
|
|
|
|
| (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 |
3877 839 |
2968 535 |
| |
Less : Premium on reinsurance ceded |
0 |
5 142 |
| |
Net Premium |
3877 839 |
2963 393 |
| |
Adjustment for change in reserve for unexpired risks |
-447 719 |
-654 632 |
| |
Premium Earned (Net) |
3430 120 |
2308 761 |
|
|
|
|
|
|
|
|
| (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 |
31521 123 |
14794 511 |
| |
Less : Premium on reinsurance ceded |
1112 266 |
0 |
| |
Net Premium |
30408 857 |
14794 511 |
| |
Adjustment for change in reserve for unexpired risks |
-7157 002 |
-285 285 |
| |
Premium Earned (Net) |
23251 855 |
14509 226 |
|
|
|
|
|
|
|
|
| (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 |
77398 135 |
11734 860 |
| |
Less : Premium on reinsurance ceded |
3361 960 |
1802 172 |
| |
Net Premium |
74036 175 |
9932 688 |
| |
Adjustment for change in reserve for unexpired risks |
-32143 670 |
-1197 092 |
| |
Premium Earned (Net) |
41892 505 |
8735 596 |
|
|
|
|
|
|
|
|
| (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 |
1675 361 |
1317 385 |
| |
Less : Premium on reinsurance ceded |
446 000 |
0 |
| |
Net Premium |
1229 361 |
1317 385 |
| |
Adjustment for change in reserve for unexpired risks |
44 651 |
101 760 |
| |
Premium Earned (Net) |
1274 012 |
1419 145 |
|
|
|
|
|
|
|
|
|
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 |
174546 007 |
73974 099 |
| |
Less : Premium on reinsurance ceded |
5984 260 |
3660 534 |
| |
Net Premium |
168561 747 |
70313 565 |
| |
Adjustment for change in reserve for unexpired risks |
-49725 595 |
-4027 372 |
| |
Premium Earned (Net) |
118836 152 |
66286 193 |
|
|
|
|
|
|
|
|
| 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 |
3180 427 |
2575 526 |
| |
Less : Premium on reinsurance ceded |
337 322 |
315 053 |
| |
Net Premium |
2843 105 |
2260 473 |
| |
Adjustment for change in reserve for unexpired risks |
1221 074 |
218 126 |
| |
Premium Earned (Net) |
4064 179 |
2478 599 |
|
|
|
|
|
|
|
|
| (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 |
4540 527 |
5170 341 |
| |
Less : Premium on reinsurance ceded |
1019 286 |
921 250 |
| |
Net Premium |
3521 241 |
4249 091 |
| |
Adjustment for change in reserve for unexpired risks |
1095 623 |
822 132 |
| |
Premium Earned (Net) |
4616 864 |
5071 223 |
|
|
|
|
|
|
|
|
|
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 |
7720 954 |
7745 867 |
| |
Less : Premium on reinsurance ceded |
1356 608 |
1236 303 |
| |
Net Premium |
6364 346 |
6509 564 |
| |
Adjustment for change in reserve for unexpired risks |
2316 697 |
1040 258 |
| |
Premium Earned (Net) |
8681 043 |
7549 822 |
|
|
|
|
|
|
|
|
| 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 |
2869 742 |
1816 132 |
| |
Less : Premium on reinsurance ceded |
289 891 |
47 481 |
| |
Net Premium |
2579 851 |
1768 651 |
| |
Adjustment for change in reserve for unexpired risks |
-1061 030 |
-258 758 |
| |
Premium Earned (Net) |
1518 821 |
1509 893 |
| 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 |
243236 090 |
126705 333 |
| |
Less : Premium on reinsurance ceded |
20487 061 |
15821 817 |
| |
Net Premium |
222749 029 |
110883 516 |
| |
Adjustment for change in reserve for unexpired risks |
-53044 145 |
-2706 674 |
| |
Premium Earned (Net) |
169704 884 |
108176 842 |