| FORM NL-5 - CLAIMS SCHEDULE | |||||
|---|---|---|---|---|---|
| Name of the Insurer: GENERAL INSURANCE CORPORATION OF INDIA | |||||
| CLAIMS INCURRED [NET] | |||||
| FOR THE PERIOD ENDED 30.06.2017 | |||||
| (` '000) | |||||
| PARTICULARS | For the Three Months ending 30.06.2017 | Up to the Three Months ending 30.06.2017 | For the corresponding Three months of the preceeding year | Up to the corresponding three 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 | 9681 588 | 9681 588 | 9535 556 | 9535 556 | |
| Less :Re-insurance Ceded to claims paid | 18 792 | 18 792 | 1973 723 | 1973 723 | |
| Net Claims Paid | 9662 796 | 9662 796 | 7561 833 | 7561 833 | |
| Add : Claims Outstanding at the end of the year | 93944 680 | 93944 680 | 76712 323 | 76712 323 | |
| Less: Claims Outstanding at the beginning of the year | 86734 697 | 86734 697 | 73001 061 | 73001 061 | |
| Total Claims Incurred | 16872 779 | 16872 779 | 11273 095 | 11273 095 | |
| 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 | 16832 897 | 16832 897 | 7394 616 | 7394 616 | |
| Less :Re-insurance Ceded to claims paid | 0 | 0 | 0 | 0 | |
| Net Claims Paid | 16832 897 | 16832 897 | 7394 616 | 7394 616 | |
| Add : Claims Outstanding at the end of the year | 79111 216 | 79111 216 | 64182 876 | 64182 876 | |
| Less: Claims Outstanding at the beginning of the year | 78863 595 | 78863 595 | 61161 102 | 61161 102 | |
| Total Claims Incurred | 17080 518 | 17080 518 | 10416 390 | 10416 390 | |
| (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 | 10 345 | 10 345 | 0 | 0 | |
| Add :Re-insurance accepted to direct claims | 1205 883 | 1205 883 | 2127 350 | 2127 350 | |
| Less :Re-insurance Ceded to claims paid | 238 468 | 238 468 | 193 588 | 193 588 | |
| Net Claims Paid | 977 760 | 977 760 | 1933 762 | 1933 762 | |
| Add : Claims Outstanding at the end of the year | 8252 334 | 8252 334 | 7907 764 | 7907 764 | |
| Less: Claims Outstanding at the beginning of the year | 8197 969 | 8197 969 | 8550 136 | 8550 136 | |
| Total Claims Incurred | 1032 125 | 1032 125 | 1291 390 | 1291 390 | |
| (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 | 1221 102 | 1221 102 | 1153 839 | 1153 839 | |
| Less :Re-insurance Ceded to claims paid | 35 | 35 | 82 276 | 82 276 | |
| Net Claims Paid | 1221 067 | 1221 067 | 1071 563 | 1071 563 | |
| Add : Claims Outstanding at the end of the year | 17573 378 | 17573 378 | 16744 817 | 16744 817 | |
| Less: Claims Outstanding at the beginning of the year | 16367 961 | 16367 961 | 16497 841 | 16497 841 | |
| Total Claims Incurred | 2426 484 | 2426 484 | 1318 539 | 1318 539 | |
| (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 | 15 768 | 15 768 | 27 128 | 27 128 | |
| Less :Re-insurance Ceded to claims paid | 0 | 0 | 0 | 0 | |
| Net Claims Paid | 15 768 | 15 768 | 27 128 | 27 128 | |
| Add : Claims Outstanding at the end of the year | 724 623 | 724 623 | 212 162 | 212 162 | |
| Less: Claims Outstanding at the beginning of the year | 358 439 | 358 439 | 210 187 | 210 187 | |
| Total Claims Incurred | 381 952 | 381 952 | 29 103 | 29 103 | |
| (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 | 72 446 | 72 446 | 76 035 | 76 035 | |
| Less :Re-insurance Ceded to claims paid | 0 | 0 | 0 | 0 | |
| Net Claims Paid | 72 446 | 72 446 | 76 035 | 76 035 | |
| Add : Claims Outstanding at the end of the year | 2584 859 | 2584 859 | 2634 870 | 2634 870 | |
| Less: Claims Outstanding at the beginning of the year | 1982 656 | 1982 656 | 1726 140 | 1726 140 | |
| Total Claims Incurred | 674 649 | 674 649 | 984 765 | 984 765 | |
| (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 | 747 376 | 747 376 | 339 812 | 339 812 | |
| Less :Re-insurance Ceded to claims paid | 0 | 0 | 0 | 0 | |
| Net Claims Paid | 747 376 | 747 376 | 339 812 | 339 812 | |
| Add : Claims Outstanding at the end of the year | 2661 738 | 2661 738 | 1885 355 | 1885 355 | |
| Less: Claims Outstanding at the beginning of the year | 2772 646 | 2772 646 | 2015 981 | 2015 981 | |
| Total Claims Incurred | 636 468 | 636 468 | 209 186 | 209 186 | |
| (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 | 7647 762 | 7647 762 | 4343 552 | 4343 552 | |
| Less :Re-insurance Ceded to claims paid | 291 660 | 291 660 | 471 809 | 471 809 | |
| Net Claims Paid | 7356 102 | 7356 102 | 3871 743 | 3871 743 | |
| Add : Claims Outstanding at the end of the year | 14026 517 | 14026 517 | 11991 175 | 11991 175 | |
| Less: Claims Outstanding at the beginning of the year | 11364 043 | 11364 043 | 12428 273 | 12428 273 | |
| Total Claims Incurred | 10018 576 | 10018 576 | 3434 645 | 3434 645 | |
| (8) | Agriculture | ||||
| 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 | 22278 604 | 22278 604 | 274 060 | 274 060 | |
| Less :Re-insurance Ceded to claims paid | 53 465 | 53 465 | 0 | 0 | |
| Net Claims Paid | 22225 139 | 22225 139 | 274 060 | 274 060 | |
| Add : Claims Outstanding at the end of the year | 91701 099 | 91701 099 | 5261 646 | 5261 646 | |
| Less: Claims Outstanding at the beginning of the year | 59122 246 | 59122 246 | 1594 774 | 1594 774 | |
| Total Claims Incurred | 54803 992 | 54803 992 | 3940 932 | 3940 932 | |
| (9) | 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 | 944 282 | 944 282 | 568 587 | 568 587 | |
| Less :Re-insurance Ceded to claims paid | 0 | 0 | 360 403 | 360 403 | |
| Net Claims Paid | 944 282 | 944 282 | 208 184 | 208 184 | |
| Add : Claims Outstanding at the end of the year | 6780 423 | 6780 423 | 7247 242 | 7247 242 | |
| Less: Claims Outstanding at the beginning of the year | 6418 213 | 6418 213 | 8330 101 | 8330 101 | |
| Total Claims Incurred | 1306 492 | 1306 492 | -874 675 | -874 675 | |
| (10) | 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 | 1052 653 | 1052 653 | 450 097 | 450 097 | |
| Less :Re-insurance Ceded to claims paid | 0 | 0 | 0 | 0 | |
| Net Claims Paid | 1052 653 | 1052 653 | 450 097 | 450 097 | |
| Add : Claims Outstanding at the end of the year | 3854 861 | 3854 861 | 6605 782 | 6605 782 | |
| Less: Claims Outstanding at the beginning of the year | 3773 875 | 3773 875 | 6872 775 | 6872 775 | |
| Total Claims Incurred | 1133 639 | 1133 639 | 183 104 | 183 104 | |
| 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 | 10 345 | 10 345 | 0 | 0 | |
| Add :Re-insurance accepted to direct claims | 52018 773 | 52018 773 | 16755 076 | 16755 076 | |
| Less :Re-insurance Ceded to claims paid | 583 628 | 583 628 | 1108 076 | 1108 076 | |
| Net Claims Paid | 51445 490 | 51445 490 | 15647 000 | 15647 000 | |
| Add : Claims Outstanding at the end of the year | 227271 048 | 227271 048 | 124673 689 | 124673 689 | |
| Less: Claims Outstanding at the beginning of the year | 189221 643 | 189221 643 | 119387 310 | 119387 310 | |
| Total Claims Incurred | 89494 895 | 89494 895 | 20933 379 | 20933 379 | |
| 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 | 296 672 | 296 672 | 456 350 | 456 350 | |
| Less :Re-insurance Ceded to claims paid | 399 | 399 | 0 | 0 | |
| Net Claims Paid | 296 273 | 296 273 | 456 350 | 456 350 | |
| Add : Claims Outstanding at the end of the year | 5741 990 | 5741 990 | 5841 901 | 5841 901 | |
| Less: Claims Outstanding at the beginning of the year | 5997 053 | 5997 053 | 5899 043 | 5899 043 | |
| Total Claims Incurred | 41 210 | 41 210 | 399 208 | 399 208 | |
| (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 | 1177 816 | 1177 816 | 861 614 | 861 614 | |
| Less :Re-insurance Ceded to claims paid | -47 244 | -47 244 | 107 632 | 107 632 | |
| Net Claims Paid | 1225 060 | 1225 060 | 753 982 | 753 982 | |
| Add : Claims Outstanding at the end of the year | 10828 082 | 10828 082 | 9945 209 | 9945 209 | |
| Less: Claims Outstanding at the beginning of the year | 11939 858 | 11939 858 | 9740 973 | 9740 973 | |
| Total Claims Incurred | 113 284 | 113 284 | 958 218 | 958 218 | |
| 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 | 1474 488 | 1474 488 | 1317 964 | 1317 964 | |
| Less :Re-insurance Ceded to claims paid | -46 845 | -46 845 | 107 632 | 107 632 | |
| Net Claims Paid | 1521 333 | 1521 333 | 1210 332 | 1210 332 | |
| Add : Claims Outstanding at the end of the year | 16570 072 | 16570 072 | 15787 110 | 15787 110 | |
| Less: Claims Outstanding at the beginning of the year | 17936 911 | 17936 911 | 15640 016 | 15640 016 | |
| Total Claims Incurred | 154 494 | 154 494 | 1357 426 | 1357 426 | |
| 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 | 437 364 | 437 364 | 632 403 | 632 403 | |
| Less :Re-insurance Ceded to claims paid | 55 906 | 55 906 | 51 899 | 51 899 | |
| Net Claims Paid | 381 458 | 381 458 | 580 504 | 580 504 | |
| Add : Claims Outstanding at the end of the year | 2018 894 | 2018 894 | 1214 259 | 1214 259 | |
| Less: Claims Outstanding at the beginning of the year | 1845 533 | 1845 533 | 1047 227 | 1047 227 | |
| Total Claims Incurred | 554 819 | 554 819 | 747 536 | 747 536 | |
| 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 | 10 345 | 10 345 | 0 | 0 | |
| Add :Re-insurance accepted to direct claims | 63612 213 | 63612 213 | 28240 999 | 28240 999 | |
| Less :Re-insurance Ceded to claims paid | 611 481 | 611 481 | 3241 330 | 3241 330 | |
| Net Claims Paid | 63011 077 | 63011 077 | 24999 669 | 24999 669 | |
| Add : Claims Outstanding at the end of the year | 339804 694 | 339804 694 | 218387 381 | 218387 381 | |
| Less: Claims Outstanding at the beginning of the year | 295738 784 | 295738 784 | 209075 614 | 209075 614 | |
| Total Claims Incurred | 107076 987 | 107076 987 | 34311 436 | 34311 436 | |