| TABLE IB: AVAILABLE SOLVENCY MARGIN AND SOLVENCY RATIO AS AT 31 MARCH 2017 | ||
| General Insurance Corporation of India | ||
| Registration Number: 112 | ||
| Date of Registration: 02-04-2001 | ||
| Classification: Total Business | (` in Lakhs) | |
| Item | Description | Amount |
|---|---|---|
| (1) | (2) | (3) |
| A | Policy-holder's Funds | |
| Available Assets (as per IRDAI-GI-TA) | 44614 22.43 | |
| Deduct: | ||
| B | Current liabilities as per BS | 41681 87.02 |
| C | Provision as per BS | NIL |
| D | Other Liabilities | 3595 94.94 |
| E | Excess in Policyholders’ Funds (A-B-C-D)* | (66359.53) |
| Shareholder's Funds | ||
| F | Available Assets | 18070 21.07 |
| Deduct: | ||
| G | Other Liabilities | 397 83.07 |
| H | Excess in Shareholders’ Funds (F-G) | 17672 37.99 |
| I | Total Available Solvency Margin [ASM] (E+H) # | 17008 78.46 |
| J | Total Required Solvency Margin [RSM] | 7076 18.54 |
| K | Solvency Ratio (Total ASM/Total RSM) | 2.40 |
| * Though Policyholder's fund is in minus,GIC Re has sufficient shareholder's funds to support and meet the liabilities,if required. | ||
| # The above table includes the RSM for Life Re is RS 477 57.29 lakhs | ||