| FORM NL-33 - SOLVENCY MARGIN - KGII | ||
| TABLE IB: AVAILABLE SOLVENCY MARGIN AND SOLVENCY RATIO AS AT 30 JUNE 2017 | ||
| GENERAL INSURANCE CORPORATION OF INDIA. | ||
| Registration Number: 112 | ||
| Date of Registration: 02-04-2001 | ||
| (` in Lacs) | ||
| Item | Description | Amount |
|---|---|---|
| (1) | (2) | (3) |
| A | Policy-holder's Funds | |
| Available Assets (as per IRDAI-GI-TA) | 53365 02.06 | |
| Deduct: | ||
| B | Current liabilities as per BS | 50322 23.06 |
| C | Provision as per BS | NIL |
| D | Other Liabilities | 3373 09.64 |
| E | Excess in Policyholders’ Funds (A-B-C-D)* | (33030.64) |
| Shareholder's Funds | ||
| F | Available Assets | 17546 57.92 |
| Deduct: | ||
| G | Other Liabilities | 344 94.67 |
| H | Excess in Shareholders’ Funds (F-G) | 17201 63.25 |
| I | Total Available Solvency Margin [ASM] (E+H) | 16871 32.61 |
| J | Total Required Solvency Margin [RSM] | 9597 74.29 |
| K | Solvency Ratio (Total ASM/Total RSM) | 1.76 |
| * 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 511 84.82 lakhs | ||