| FORM NL-5 - CLAIMS SCHEDULE | |||||
|---|---|---|---|---|---|
| Name of the Insurer: GENERAL INSURANCE CORPORATION OF INDIA | |||||
| CLAIMS INCURRED [NET] | |||||
| FOR THE PERIOD ENDED 31.03.2017 | |||||
| (` '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 | |
| A | FIRE INSURANCE | ||||
| Claims paid | |||||
| Direct claims | |||||
| Add Claims Outstanding at the end of the year | |||||
| Less Claims Outstanding at the beginning of the year | |||||
| Gross Incurred Claims | |||||
| Add :Re-insurance accepted to direct claims | 10625 588 | 37979 025 | 11704 877 | 38282 764 | |
| Less :Re-insurance Ceded to claims paid | 2850 580 | 7862 358 | 3573 515 | 9209 430 | |
| Net Claims Paid | 7775 008 | 30116 667 | 8131 362 | 29073 334 | |
| Add : Claims Outstanding at the end of the year | 1261 406 | 86734 697 | (7286 024) | 73001 061 | |
| Less: Claims Outstanding at the beginning of the year | 0 | 73001 061 | 0 | 67582 224 | |
| Total Claims Incurred | 9036 414 | 43850 303 | 845 338 | 34492 171 | |
| B | MISCELLANEOUS INSURANCE | ||||
| (1) | MOTOR | ||||
| Claims paid | |||||
| Direct claims | |||||
| Add Claims Outstanding at the end of the year | |||||
| Less Claims Outstanding at the beginning of the year | |||||
| Gross Incurred Claims | |||||
| Add :Re-insurance accepted to direct claims | 11261 152 | 36184 241 | 10495 218 | 29418 461 | |
| Less :Re-insurance Ceded to claims paid | 0 | 0 | 0 | 0 | |
| Net Claims Paid | 11261 152 | 36184 241 | 10495 218 | 29418 461 | |
| Add : Claims Outstanding at the end of the year | 4787 850 | 78863 595 | 6656 172 | 61161 102 | |
| Less: Claims Outstanding at the beginning of the year | 0 | 61161 102 | 0 | 51587 884 | |
| Total Claims Incurred | 16049 002 | 53886 734 | 17151 390 | 38991 679 | |
| (2) | AVIATION | ||||
| Claims paid | |||||
| Direct claims | |||||
| Add Claims Outstanding at the end of the year | |||||
| Less Claims Outstanding at the beginning of the year | |||||
| Gross Incurred Claims | 0 | ( 10) | ( 1) | (11 700) | |
| Add :Re-insurance accepted to direct claims | 1459 543 | 5856 166 | 1562 726 | 3901 682 | |
| Less :Re-insurance Ceded to claims paid | 431 978 | 1159 130 | 14 697 | 332 185 | |
| Net Claims Paid | 1027 565 | 4697 026 | 1548 028 | 3557 797 | |
| Add : Claims Outstanding at the end of the year | (489 671) | 8197 969 | (590 706) | 8550 135 | |
| Less: Claims Outstanding at the beginning of the year | 0 | 8550 135 | 0 | 8803 936 | |
| Total Claims Incurred | 537 894 | 4344 860 | 957 322 | 3303 996 | |
| (3) | ENGINEERING | ||||
| Claims paid | |||||
| Direct claims | |||||
| Add Claims Outstanding at the end of the year | |||||
| Less Claims Outstanding at the beginning of the year | |||||
| Gross Incurred Claims | |||||
| Add :Re-insurance accepted to direct claims | 1036 684 | 4320 751 | 1647 215 | 4392 151 | |
| Less :Re-insurance Ceded to claims paid | 91 565 | 495 356 | 131 397 | 164 800 | |
| Net Claims Paid | 945 119 | 3825 395 | 1515 818 | 4227 351 | |
| Add : Claims Outstanding at the end of the year | (649 030) | 16367 961 | (2037 012) | 16497 841 | |
| Less: Claims Outstanding at the beginning of the year | 0 | 16497 841 | 0 | 18382 485 | |
| Total Claims Incurred | 296 089 | 3695 515 | (521 194) | 2342 707 | |
| (4) | WC | ||||
| Claims paid | |||||
| Direct claims | |||||
| Add Claims Outstanding at the end of the year | |||||
| Less Claims Outstanding at the beginning of the year | |||||
| Gross Incurred Claims | |||||
| Add :Re-insurance accepted to direct claims | 48 700 | 119 396 | 24 519 | 89 996 | |
| Less :Re-insurance Ceded to claims paid | 0 | 0 | 0 | 0 | |
| Net Claims Paid | 48 700 | 119 396 | 24 519 | 89 996 | |
| Add : Claims Outstanding at the end of the year | 53 510 | 358 439 | 33 060 | 210 187 | |
| Less: Claims Outstanding at the beginning of the year | 0 | 210 187 | 0 | 161 463 | |
| Total Claims Incurred | 102 210 | 267 648 | 57 579 | 138 720 | |
| (5) | Liability | ||||
| Claims paid | |||||
| Direct claims | |||||
| Add Claims Outstanding at the end of the year | |||||
| Less Claims Outstanding at the beginning of the year | |||||
| Gross Incurred Claims | |||||
| Add :Re-insurance accepted to direct claims | 174 745 | 757 580 | 211 884 | 436 967 | |
| Less :Re-insurance Ceded to claims paid | 0 | 0 | 0 | 0 | |
| Net Claims Paid | 174 745 | 757 580 | 211 884 | 436 967 | |
| Add : Claims Outstanding at the end of the year | (183 038) | 1982 656 | (228 815) | 1726 140 | |
| Less: Claims Outstanding at the beginning of the year | 0 | 1726 140 | 0 | 1579 545 | |
| Total Claims Incurred | (8 293) | 1014 096 | (16 931) | 583 562 | |
| (6) | PA | ||||
| Claims paid | |||||
| Direct claims | |||||
| Add Claims Outstanding at the end of the year | |||||
| Less Claims Outstanding at the beginning of the year | |||||
| Gross Incurred Claims | |||||
| Add :Re-insurance accepted to direct claims | 300 246 | 1604 186 | 476 144 | 1443 703 | |
| Less :Re-insurance Ceded to claims paid | 0 | 0 | 0 | 0 | |
| Net Claims Paid | 300 246 | 1604 186 | 476 144 | 1443 703 | |
| Add : Claims Outstanding at the end of the year | 212 926 | 2772 646 | 118 662 | 2015 981 | |
| Less: Claims Outstanding at the beginning of the year | 1 | 2015 981 | 0 | 1888 768 | |
| Total Claims Incurred | 513 171 | 2360 851 | 594 806 | 1570 916 | |
| (7) | Health | ||||
| Claims paid | |||||
| Direct claims | |||||
| Add Claims Outstanding at the end of the year | |||||
| Less Claims Outstanding at the beginning of the year | |||||
| Gross Incurred Claims | |||||
| Add :Re-insurance accepted to direct claims | 6858 680 | 31490 150 | 8037 423 | 21544 530 | |
| Less :Re-insurance Ceded to claims paid | 0 | 821 479 | 0 | 0 | |
| Net Claims Paid | 6858 680 | 30668 671 | 8037 423 | 21544 530 | |
| Add : Claims Outstanding at the end of the year | (3397 360) | 11364 043 | (2618 048) | 12428 273 | |
| Less: Claims Outstanding at the beginning of the year | 0 | 12428 273 | 0 | 12700 829 | |
| Total Claims Incurred | 3461 320 | 29604 441 | 5419 375 | 21271 974 | |
| (8) | Oth. Misc. | ||||
| Claims paid | |||||
| Direct claims | |||||
| Add Claims Outstanding at the end of the year | |||||
| Less Claims Outstanding at the beginning of the year | |||||
| Gross Incurred Claims | |||||
| Add :Re-insurance accepted to direct claims | 4152 243 | 12376 758 | 7979 942 | 16887 122 | |
| Less :Re-insurance Ceded to claims paid | 504 724 | 1730 248 | 683 321 | 1049 991 | |
| Net Claims Paid | 3647 519 | 10646 510 | 7296 621 | 15837 131 | |
| Add : Claims Outstanding at the end of the year | 30908 388 | 65540 459 | 955 118 | 9924 875 | |
| Less: Claims Outstanding at the beginning of the year | 1 | 9924 875 | 0 | 9707 154 | |
| Total Claims Incurred | 34555 906 | 66262 094 | 8251 739 | 16054 852 | |
| (9) | FL/Credit | ||||
| Claims paid | |||||
| Direct claims | |||||
| Add Claims Outstanding at the end of the year | |||||
| Less Claims Outstanding at the beginning of the year | |||||
| Gross Incurred Claims | |||||
| Add :Re-insurance accepted to direct claims | 22 596 | 3270 043 | 1595 593 | 1995 532 | |
| Less :Re-insurance Ceded to claims paid | 0 | 0 | 0 | 0 | |
| Net Claims Paid | 22 596 | 3270 043 | 1595 593 | 1995 532 | |
| Add : Claims Outstanding at the end of the year | (501 956) | 3773 875 | (1186 156) | 6872 775 | |
| Less: Claims Outstanding at the beginning of the year | 0 | 6872 775 | 0 | 6648 242 | |
| Total Claims Incurred | (479 360) | 171 143 | 409 437 | 2220 065 | |
| TOTAL MISCELLANEOUS | |||||
| Claims paid | |||||
| Direct claims | |||||
| Add Claims Outstanding at the end of the year | |||||
| Less Claims Outstanding at the beginning of the year | |||||
| Gross Incurred Claims | 0 | ( 10) | ( 1) | -11 700 | |
| Add :Re-insurance accepted to direct claims | 25314 586 | 95979 271 | 32030 664 | 80110 144 | |
| Less :Re-insurance Ceded to claims paid | 1028 267 | 4206 213 | 829 415 | 1546 976 | |
| Net Claims Paid | 24286 319 | 91773 048 | 31201 248 | 78551 468 | |
| Add : Claims Outstanding at the end of the year | 30741 619 | 189221 643 | 1102 276 | 119387 309 | |
| Less: Claims Outstanding at the beginning of the year | 2 | 119387 309 | 0 | 111460 306 | |
| Total Claims Incurred | 55027 936 | 161607 382 | 32303 522 | 86478 471 | |
| C | MARINE INSURANCE | ||||
| (1) | MARINE CARGO | ||||
| Claims paid | |||||
| Direct claims | |||||
| Add Claims Outstanding at the end of the year | |||||
| Less Claims Outstanding at the beginning of the year | |||||
| Gross Incurred Claims | |||||
| Add :Re-insurance accepted to direct claims | 688 874 | 2149 371 | 932 643 | 1863 470 | |
| Less :Re-insurance Ceded to claims paid | 512 | 531 | 0 | 51 005 | |
| Net Claims Paid | 688 362 | 2148 840 | 932 643 | 1812 465 | |
| Add : Claims Outstanding at the end of the year | (201 110) | 5997 053 | 384 137 | 5899 043 | |
| Less: Claims Outstanding at the beginning of the year | 0 | 5899 043 | 0 | 5556 870 | |
| Total Claims Incurred | 487 252 | 2246 850 | 1316 780 | 2154 638 | |
| (2) | MARINE HULL | ||||
| Claims paid | |||||
| Direct claims | |||||
| Add Claims Outstanding at the end of the year | |||||
| Less Claims Outstanding at the beginning of the year | |||||
| Gross Incurred Claims | |||||
| Add :Re-insurance accepted to direct claims | 1224 023 | 3377 253 | 1887 723 | 4630 060 | |
| Less :Re-insurance Ceded to claims paid | 0 | 263 929 | 421 104 | 516 246 | |
| Net Claims Paid | 1224 023 | 3113 324 | 1466 619 | 4113 814 | |
| Add : Claims Outstanding at the end of the year | 1091 148 | 11939 858 | 92 241 | 9740 973 | |
| Less: Claims Outstanding at the beginning of the year | 0 | 9740 973 | 0 | 9681 428 | |
| Total Claims Incurred | 2315 171 | 5312 209 | 1558 860 | 4173 359 | |
| TOTAL MARINE | |||||
| Claims paid | |||||
| Direct claims | |||||
| Add Claims Outstanding at the end of the year | |||||
| Less Claims Outstanding at the beginning of the year | |||||
| Gross Incurred Claims | |||||
| Add :Re-insurance accepted to direct claims | 1912 897 | 5526 624 | 2820 366 | 6493 530 | |
| Less :Re-insurance Ceded to claims paid | 512 | 264 460 | 421 104 | 567 251 | |
| Net Claims Paid | 1912 385 | 5262 164 | 2399 262 | 5926 279 | |
| Add : Claims Outstanding at the end of the year | 890 038 | 17936 911 | 476 378 | 15640 016 | |
| Less: Claims Outstanding at the beginning of the year | 0 | 15640 016 | 0 | 15238 298 | |
| Total Claims Incurred | 2802 423 | 7559 059 | 2875 640 | 6327 997 | |
| D | LIFE INSURANCE | ||||
| Claims paid | |||||
| Direct claims | |||||
| Add Claims Outstanding at the end of the year | |||||
| Less Claims Outstanding at the beginning of the year | |||||
| Gross Incurred Claims | |||||
| Add :Re-insurance accepted to direct claims | 1329 523 | 2968 498 | 884 772 | 1802 156 | |
| Less :Re-insurance Ceded to claims paid | 48 500 | 319 472 | 284 861 | 295 481 | |
| Net Claims Paid | 1281 023 | 2649 026 | 599 911 | 1506 675 | |
| Add : Claims Outstanding at the end of the year | 36 042 | 1845 533 | 49 606 | 1047 227 | |
| Less: Claims Outstanding at the beginning of the year | 0 | 1047 227 | 0 | 853 942 | |
| Total Claims Incurred | 1317 065 | 3447 332 | 649 517 | 1699 960 | |
| E | TOTAL ALL CLASSES | ||||
| Claims paid | |||||
| Direct claims | |||||
| Add Claims Outstanding at the end of the year | |||||
| Less Claims Outstanding at the beginning of the year | |||||
| Gross Incurred Claims | 0 | (10) | ( 1) | (11 700) | |
| Add :Re-insurance accepted to direct claims | 39182 594 | 142453 418 | 47440 679 | 126688 594 | |
| Less :Re-insurance Ceded to claims paid | 3927 859 | 12652 503 | 5108 895 | 11619 138 | |
| Net Claims Paid | 35254 735 | 129800 905 | 42331 783 | 115057 756 | |
| Add : Claims Outstanding at the end of the year | 32929 105 | 295738 784 | (5657 765) | 209075 613 | |
| Less: Claims Outstanding at the beginning of the year | 2 | 209075 613 | 0 | 195134 770 | |
| Total Claims Incurred | 68183 838 | 216464 076 | 36674 018 | 128998 599 | |