| FORM NL-4-PREMIUM SCHEDULE | |||||
|---|---|---|---|---|---|
| Name of the Insurer: GENERAL INSURANCE CORPORATION OF INDIA | |||||
| PREMIUM EARNED [NET] | |||||
| FOR THE PERIOD ENDED 31.03.2017 | |||||
| A | FIRE INSURANCE | (` '000) | |||
| PARTICULARS | For the Twelve Months ending 31.03.2017 | Up to the Twelve Months ending 31.03.2017 | For the corresponding Twelve months of the preceeding year | Up to the corresponding twelve months of the prceeding year | |
| Premium from direct business written | |||||
| Service Tax | |||||
| Adjustment for change in reserve for unexpired risks | |||||
| Gross Earned Premium | 0 | 0 | 0 | 0 | |
| Add: Premium on reinsurance accepted | 23165 526 | 81264 913 | 21592 012 | 64761 247 | |
| Less : Premium on reinsurance ceded | 8186 776 | 21043 078 | 2577 294 | 13454 793 | |
| Net Premium | 14978 750 | 60221 835 | 19014 718 | 51306 454 | |
| Adjustment for change in reserve for unexpired risks | 522 119 | -4052 098 | (6806 127) | (6266 929) | |
| Premium Earned (Net) | 15500 869 | 56169 737 | 12208 591 | 45039 525 | |
| 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 | 0 | 0 | |
| Add: Premium on reinsurance accepted | 19780 723 | 66243 947 | 12970 701 | 44882 912 | |
| Less : Premium on reinsurance ceded | 0 | 0 | 0 | 0 | |
| Net Premium | 19780 723 | 66243 947 | 12970 701 | 44882 912 | |
| Adjustment for change in reserve for unexpired risks | (3369 357) | (10323 349) | (775 095) | (3414 131) | |
| Premium Earned (Net) | 16411 366 | 55920 598 | 12195 606 | 41468 781 | |
| (2) | AVIATION | ||||
| Premium from direct business written | 0 | 0 | 0 | 0 | |
| Service Tax | |||||
| Adjustment for change in reserve for unexpired risks | |||||
| Gross Earned Premium | 0 | 0 | |||
| Add: Premium on reinsurance accepted | 1992 189 | 6623 864 | 1124 027 | 4531 748 | |
| Less : Premium on reinsurance ceded | 151 272 | 859 352 | 232 528 | 974 129 | |
| Net Premium | 1840 917 | 5764 512 | 891 499 | 3557 620 | |
| Adjustment for change in reserve for unexpired risks | (388 071) | (1001 288) | 258 193 | 1148 004 | |
| Premium Earned (Net) | 1452 846 | 4763 224 | 1149 692 | 4705 624 | |
| (3) | ENGINEERING | ||||
| Premium from direct business written | |||||
| Service Tax | |||||
| Adjustment for change in reserve for unexpired risks | |||||
| Gross Earned Premium | 0 | 0 | 0 | 0 | |
| Add: Premium on reinsurance accepted | 1621 126 | 8781 597 | 2369 003 | 8906 026 | |
| Less : Premium on reinsurance ceded | 80 657 | 281 906 | 173 124 | 1245 459 | |
| Net Premium | 1540 469 | 8499 691 | 2195 879 | 7660 567 | |
| Adjustment for change in reserve for unexpired risks | 1933 760 | (325 536) | (166 513) | (310 661) | |
| Premium Earned (Net) | 3474 229 | 8174 155 | 2029 366 | 7349 906 | |
| (4) | W.C. | ||||
| Premium from direct business written | |||||
| Service Tax | |||||
| Adjustment for change in reserve for unexpired risks | |||||
| Gross Earned Premium | 0 | 0 | 0 | 0 | |
| Add: Premium on reinsurance accepted | 95 666 | 353 727 | 80 653 | 253 526 | |
| Less : Premium on reinsurance ceded | 0 | 0 | 0 | 0 | |
| Net Premium | 95 666 | 353 727 | 80 653 | 253 526 | |
| Adjustment for change in reserve for unexpired risks | (10 614) | (49 651) | (4 737) | (35 433) | |
| Premium Earned (Net) | 85 052 | 304 076 | 75 916 | 218 092 | |
| (5) | Liability | ||||
| Premium from direct business written | |||||
| Service Tax | |||||
| Adjustment for change in reserve for unexpired risks | |||||
| Gross Earned Premium | 0 | 0 | 0 | 0 | |
| Add: Premium on reinsurance accepted | 773 923 | 2334 041 | 376 320 | 1505 296 | |
| Less : Premium on reinsurance ceded | 41 944 | 196 649 | 49 764 | 89 047 | |
| Net Premium | 731 979 | 2137 392 | 326 556 | 1416 249 | |
| Adjustment for change in reserve for unexpired risks | (200 895) | (357 208) | (122 147) | (190 201) | |
| Premium Earned (Net) | 531 084 | 1780 184 | 204 409 | 1226 049 | |
| (6) | PA | ||||
| Premium from direct business written | |||||
| Service Tax | |||||
| Adjustment for change in reserve for unexpired risks | |||||
| Gross Earned Premium | 0 | 0 | 0 | 0 | |
| Add: Premium on reinsurance accepted | 1225 731 | 5103 570 | 836 655 | 3805 190 | |
| Less : Premium on reinsurance ceded | 0 | 0 | 0 | 5 142 | |
| Net Premium | 1225 731 | 5103 570 | 836 655 | 3800 048 | |
| Adjustment for change in reserve for unexpired risks | (186 261) | (633 980) | 78 636 | (575 996) | |
| Premium Earned (Net) | 1039 470 | 4469 590 | 915 291 | 3224 051 | |
| (7) | Health | ||||
| Premium from direct business written | |||||
| Service Tax | |||||
| Adjustment for change in reserve for unexpired risks | |||||
| Gross Earned Premium | 0 | 0 | 0 | 0 | |
| Add: Premium on reinsurance accepted | 10207 703 | 41728 826 | 10247 384 | 25041 895 | |
| Less : Premium on reinsurance ceded | 0 | 1112 266 | 0 | 0 | |
| Net Premium | 10207 703 | 40616 560 | 10247 384 | 25041 895 | |
| Adjustment for change in reserve for unexpired risks | (410 450) | (7567 452) | (1704 743) | (1990 028) | |
| Premium Earned (Net) | 9797 253 | 33049 108 | 8542 641 | 23051 867 | |
| (8) | Oth. Misc. | ||||
| Premium from direct business written | |||||
| Service Tax | |||||
| Adjustment for change in reserve for unexpired risks | |||||
| Gross Earned Premium | 0 | 0 | 0 | 0 | |
| Add: Premium on reinsurance accepted | 29212 738 | 106610 876 | 4728 468 | 16463 329 | |
| Less : Premium on reinsurance ceded | 4278 558 | 7640 518 | 579 740 | 2381 912 | |
| Net Premium | 24934 180 | 98970 358 | 4148 728 | 14081 417 | |
| Adjustment for change in reserve for unexpired risks | 21304 641 | (10839 029) | (635 910) | (1833 002) | |
| Premium Earned (Net) | 46238 821 | 88131 329 | 3512 818 | 12248 415 | |
| (9) | FL/Credit | ||||
| Premium from direct business written | |||||
| Service Tax | |||||
| Adjustment for change in reserve for unexpired risks | |||||
| Gross Earned Premium | 0 | 0 | 0 | 0 | |
| Add: Premium on reinsurance accepted | 334 735 | 2010 095 | 449 310 | 1766 695 | |
| Less : Premium on reinsurance ceded | 0 | 446 000 | 450 000 | 450 000 | |
| Net Premium | 334 734 | 1564 095 | ( 690) | 1316 695 | |
| Adjustment for change in reserve for unexpired risks | (167 589) | (122 938) | (33 200) | 68 560 | |
| Premium Earned (Net) | 167 145 | 1441 157 | (33 890) | 1385 255 | |
| TOTAL MISCELLANEOUS | |||||
| Premium from direct business written | 0 | 0 | 0 | 0 | |
| Service Tax | |||||
| Adjustment for change in reserve for unexpired risks | |||||
| Gross Earned Premium | 0 | 0 | 0 | 0 | |
| Add: Premium on reinsurance accepted | 65244 534 | 239790 543 | 33182 519 | 107156 619 | |
| Less : Premium on reinsurance ceded | 4552 431 | 10536 691 | 1485 156 | 5145 690 | |
| Net Premium | 60692 103 | 229253 852 | 31697 363 | 102010 929 | |
| Adjustment for change in reserve for unexpired risks | 18505 164 | -31220 431 | (3105 516) | (7132 888) | |
| Premium Earned (Net) | 79197 267 | 198033 421 | 28591 847 | 94878 041 | |
| 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 | 0 | 0 | |
| Add: Premium on reinsurance accepted | 1265 611 | 4446 037 | 802 025 | 3377 551 | |
| Less : Premium on reinsurance ceded | 153 907 | 491 229 | 65 350 | 380 403 | |
| Net Premium | 1111 704 | 3954 808 | 736 675 | 2997 148 | |
| Adjustment for change in reserve for unexpired risks | (166 364) | 1054 710 | 301 992 | 520 118 | |
| Premium Earned (Net) | 945 340 | 5009 518 | 1038 667 | 3517 266 | |
| (2) | MARINE HULL | ||||
| Premium from direct business written | |||||
| Service Tax | |||||
| Adjustment for change in reserve for unexpired risks | |||||
| Gross Earned Premium | 0 | 0 | 0 | 0 | |
| Add: Premium on reinsurance accepted | 2186 639 | 6727 166 | 1585 887 | 6756 228 | |
| Less : Premium on reinsurance ceded | 771 005 | 1790 291 | 304 243 | 1225 493 | |
| Net Premium | 1415 634 | 4936 875 | 1281 644 | 5530 735 | |
| Adjustment for change in reserve for unexpired risks | (445 928) | 649 695 | (434 885) | 387 247 | |
| Premium Earned (Net) | 969 706 | 5586 570 | 846 759 | 5917 982 | |
| TOTAL MARINE | |||||
| Premium from direct business written | |||||
| Service Tax | |||||
| Adjustment for change in reserve for unexpired risks | |||||
| Gross Earned Premium | 0 | 0 | 0 | 0 | |
| Add: Premium on reinsurance accepted | 3452 250 | 11173 203 | 2387 912 | 10133 779 | |
| Less : Premium on reinsurance ceded | 924 912 | 2281 520 | 369 593 | 1605 896 | |
| Net Premium | 2527 338 | 8891 683 | 2018 319 | 8527 883 | |
| Adjustment for change in reserve for unexpired risks | (612 292) | 1704 405 | (132 893) | 907 365 | |
| Premium Earned (Net) | 1915 046 | 10596 088 | 1885 426 | 9435 248 | |
| D | LIFE INSURANCE | ||||
| Premium from direct business written | |||||
| Service Tax | |||||
| Adjustment for change in reserve for unexpired risks | |||||
| Gross Earned Premium | 0 | 0 | 0 | 0 | |
| Add: Premium on reinsurance accepted | 755 973 | 3625 715 | 490 347 | 2306 478 | |
| Less : Premium on reinsurance ceded | (42 373) | 247 518 | 356 416 | 403 897 | |
| Net Premium | 798 346 | 3378 197 | 133 931 | 1902 581 | |
| Adjustment for change in reserve for unexpired risks | 32 570 | (1028 460) | 731 751 | 472 993 | |
| Premium Earned (Net) | 830 916 | 2349 737 | 865 682 | 2375 574 | |
| E | TOTAL ALL CLASSES | ||||
| Premium from direct business written | 0 | 0 | 0 | 0 | |
| Service Tax | |||||
| Adjustment for change in reserve for unexpired risks | |||||
| Gross Earned Premium | 0 | 0 | 0 | 0 | |
| Add: Premium on reinsurance accepted | 92618 284 | 335854 374 | 57652 790 | 184358 123 | |
| Less : Premium on reinsurance ceded | 13621 746 | 34108 807 | 4788 459 | 20610 276 | |
| Net Premium | 78996 538 | 301745 567 | 52864 331 | 163747 847 | |
| Adjustment for change in reserve for unexpired risks | 18447 561 | (34596 584) | (9312 785) | (12019 459) | |
| Premium Earned (Net) | 97444 099 | 267148 983 | 43551 546 | 151728 388 | |