| FORM NL-31: Related Party Transactions | |||||||
|---|---|---|---|---|---|---|---|
| Insurer: | GIC Re | Date: 31.03.2017 | . | . | |||
| . | . | (Rs in Thousand) | . | . | . | . | . |
| Related Party Transactions | |||||||
| Sl.No. | Name of the Related Party | Nature of Relationship with the Company | Description of Transactions / Categories | Consideration paid / received* | |||
| For the quarter 31.03.2017 | Up to the Quarter 31.03.2017 | Corresponding quarter of the preceding year 31.03.2016 | Up to the Quarter of the preceding year 31.03.2016 | ||||
| 1 | India International Pte LTD. | Associate Company | Net Premiun - Net commission - Net Claims | -850,883 | -673,505 | -301,702 | -327,497 |
| 2 | GIC RE South Africa Ltd. | Associate Company | Net Premiun - Net commission - Net Claims | 126,112 | 497,954 | 288,864 | 660,924 |
| 3 | GIC-Bhutan RE Ltd. | Associate Company | Net Premiun - Net commission - Net Claims | 0 | 16,608 | 0 | 135 |
| 4 | Agricultural Insurance Company of India Ltd | Associate Company | Net Premiun - Net commission - Net Claims | 9,293,451 | 32,924,199 | 513,785 | 291,723 |
| 5 | GIC RE INDIA CORPORATE MEMBER | Associate Company | Net Premiun - Net commission - Net Claims | -12,502 | -112,193 | 24,018 | 0 |
| (-) indicates amount payable by GIC | |||||||