| FORM NL-5 - CLAIMS SCHEDULE | |||||
|---|---|---|---|---|---|
| Name of the Insurer: GENERAL INSURANCE CORPORATION OF INDIA | |||||
| CLAIMS INCURRED [NET] | |||||
| FOR THE PERIOD ENDED 30.09.2017 | |||||
| (` '000) | |||||
| PARTICULARS | For the Three Months ending 30.09.2017 | Up to the Three Months ending 30.09.2017 | 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 | 8182 843 | 17864 431 | 7965 959 | 17501 515 | |
| Less :Re-insurance Ceded to claims paid | 652 022 | 670 814 | 350 482 | 2324 205 | |
| Net Claims Paid | 7530 821 | 17193 617 | 7615 477 | 15177 310 | |
| Add : Claims Outstanding at the end of the year | 9882 279 | 103826 959 | 5626 266 | 82338 589 | |
| Less: Claims Outstanding at the beginning of the year | 0 | 86734 697 | 0 | 73001 061 | |
| Total Claims Incurred | 17413 100 | 34285 879 | 13241 743 | 24514 838 | |
| 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 | 4823 151 | 21656 048 | 7069 799 | 14464 416 | |
| Less :Re-insurance Ceded to claims paid | 0 | 0 | 0 | 0 | |
| Net Claims Paid | 4823 151 | 21656 048 | 7069 799 | 14464 416 | |
| Add : Claims Outstanding at the end of the year | 7157 791 | 86269 007 | 1977 233 | 66160 109 | |
| Less: Claims Outstanding at the beginning of the year | 0 | 78863 595 | 0 | 61161 102 | |
| Total Claims Incurred | 11980 942 | 29061 460 | 9047 032 | 19463 423 | |
| (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 | 936 | 11 281 | 0 | 0 | |
| Add :Re-insurance accepted to direct claims | 903 013 | 2108 896 | 1181 039 | 3308 389 | |
| Less :Re-insurance Ceded to claims paid | 22 244 | 260 712 | 395 112 | 588 700 | |
| Net Claims Paid | 881 705 | 1859 465 | 785 927 | 2719 689 | |
| Add : Claims Outstanding at the end of the year | 452 701 | 8705 035 | 8 908 | 7916 672 | |
| Less: Claims Outstanding at the beginning of the year | 0 | 8197 969 | 1 | 8550 136 | |
| Total Claims Incurred | 1334 406 | 2366 531 | 794 834 | 2086 225 | |
| (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 | 647 430 | 1868 532 | 1078 816 | 2232 655 | |
| Less :Re-insurance Ceded to claims paid | 79 543 | 79 578 | 34 395 | 116 671 | |
| Net Claims Paid | 567 887 | 1788 954 | 1044 421 | 2115 984 | |
| Add : Claims Outstanding at the end of the year | 554 281 | 18127 659 | 914 683 | 17659 500 | |
| Less: Claims Outstanding at the beginning of the year | 0 | 16367 961 | 0 | 16497 841 | |
| Total Claims Incurred | 1122 168 | 3548 652 | 1959 104 | 3277 643 | |
| (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 | 10 146 | 25 914 | 21 446 | 48 574 | |
| Less :Re-insurance Ceded to claims paid | 0 | 0 | 0 | 0 | |
| Net Claims Paid | 10 146 | 25 914 | 21 446 | 48 574 | |
| Add : Claims Outstanding at the end of the year | -414 602 | 310 021 | 158 094 | 370 256 | |
| Less: Claims Outstanding at the beginning of the year | 0 | 358 439 | 0 | 210 187 | |
| Total Claims Incurred | -404 456 | -22 504 | 179 540 | 208 643 | |
| (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 | 38 904 | 111 350 | 237 999 | 314 034 | |
| Less :Re-insurance Ceded to claims paid | 69 | 69 | 0 | 0 | |
| Net Claims Paid | 38 835 | 111 281 | 237 999 | 314 034 | |
| Add : Claims Outstanding at the end of the year | -362 668 | 2222 191 | 397 545 | 3032 415 | |
| Less: Claims Outstanding at the beginning of the year | 0 | 1982 656 | 0 | 1726 140 | |
| Total Claims Incurred | -323 833 | 350 816 | 635 544 | 1620 309 | |
| (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 | 38 336 | 785 712 | 494 281 | 834 093 | |
| Less :Re-insurance Ceded to claims paid | 0 | 0 | 0 | 0 | |
| Net Claims Paid | 38 336 | 785 712 | 494 281 | 834 093 | |
| Add : Claims Outstanding at the end of the year | 116 448 | 2778 186 | 315 957 | 2201 312 | |
| Less: Claims Outstanding at the beginning of the year | 0 | 2772 646 | 0 | 2015 981 | |
| Total Claims Incurred | 154 784 | 791 252 | 810 238 | 1019 424 | |
| (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 | 3997 425 | 11645 187 | 5632 710 | 9976 262 | |
| Less :Re-insurance Ceded to claims paid | 0 | 291 660 | 0 | 471 809 | |
| Net Claims Paid | 3997 425 | 11353 527 | 5632 710 | 9504 453 | |
| Add : Claims Outstanding at the end of the year | 3650 015 | 17676 532 | 1705 069 | 13696 244 | |
| Less: Claims Outstanding at the beginning of the year | 0 | 11364 043 | 0 | 12428 273 | |
| Total Claims Incurred | 7647 440 | 17666 016 | 7337 779 | 10772 424 | |
| (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 | 13089 578 | 35368 182 | 3960 527 | 4234 587 | |
| Less :Re-insurance Ceded to claims paid | 0 | 53 465 | 0 | 0 | |
| Net Claims Paid | 13089 578 | 35314 717 | 3960 527 | 4234 587 | |
| Add : Claims Outstanding at the end of the year | 23587 862 | 115288 961 | -2392 803 | 2868 843 | |
| Less: Claims Outstanding at the beginning of the year | 0 | 59122 246 | 0 | 1594 774 | |
| Total Claims Incurred | 36677 440 | 91481 432 | 1567 724 | 5508 656 | |
| (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 | 146 124 | 1090 406 | 1811 751 | 2380 338 | |
| Less :Re-insurance Ceded to claims paid | 176 425 | 176 425 | 348 040 | 708 443 | |
| Net Claims Paid | -30 301 | 913 981 | 1463 711 | 1671 895 | |
| Add : Claims Outstanding at the end of the year | 3287 239 | 10067 662 | 17161 767 | 24409 009 | |
| Less: Claims Outstanding at the beginning of the year | 0 | 6418 213 | 0 | 8330 101 | |
| Total Claims Incurred | 3256 938 | 4563 430 | 18625 478 | 17750 803 | |
| (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 | 17 088 | 1069 741 | 2727 821 | 3177 918 | |
| Less :Re-insurance Ceded to claims paid | 0 | 0 | 0 | 0 | |
| Net Claims Paid | 17 088 | 1069 741 | 2727 821 | 3177 918 | |
| Add : Claims Outstanding at the end of the year | 335 400 | 4190 261 | -2541 874 | 4063 908 | |
| Less: Claims Outstanding at the beginning of the year | 0 | 3773 875 | 0 | 6872 775 | |
| Total Claims Incurred | 352 488 | 1486 127 | 185 947 | 369 051 | |
| 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 | 936 | 11 281 | 0 | 0 | |
| Add :Re-insurance accepted to direct claims | 23711 195 | 75729 967 | 24216 189 | 40971 263 | |
| Less :Re-insurance Ceded to claims paid | 278 281 | 861 909 | 777 547 | 1885 623 | |
| Net Claims Paid | 23433 850 | 74879 339 | 23438 642 | 39085 640 | |
| Add : Claims Outstanding at the end of the year | 38364 467 | 265635 514 | 17704 579 | 142378 269 | |
| Less: Claims Outstanding at the beginning of the year | 0 | 189221 644 | 1 | 119387 308 | |
| Total Claims Incurred | 61798 317 | 151293 209 | 41143 220 | 62076 601 | |
| 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 | 289 109 | 585 781 | 592 271 | 1048 621 | |
| Less :Re-insurance Ceded to claims paid | 1 040 | 1 439 | 19 | 19 | |
| Net Claims Paid | 288 069 | 584 342 | 592 252 | 1048 602 | |
| Add : Claims Outstanding at the end of the year | -235 544 | 5506 446 | 425 206 | 6267 107 | |
| Less: Claims Outstanding at the beginning of the year | 0 | 5997 053 | 0 | 5899 043 | |
| Total Claims Incurred | 52 525 | 93 735 | 1017 458 | 1416 666 | |
| (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 | 378 787 | 1556 603 | 663 453 | 1525 067 | |
| Less :Re-insurance Ceded to claims paid | 349 580 | 302 336 | 93 368 | 201 000 | |
| Net Claims Paid | 29 207 | 1254 267 | 570 085 | 1324 067 | |
| Add : Claims Outstanding at the end of the year | -1281 388 | 9546 694 | 316 231 | 10261 440 | |
| Less: Claims Outstanding at the beginning of the year | 0 | 11939 858 | 0 | 9740 973 | |
| Total Claims Incurred | -1252 181 | -1138 897 | 886 316 | 1844 534 | |
| 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 | 667 896 | 2142 383 | 1255 724 | 2573 688 | |
| Less :Re-insurance Ceded to claims paid | 350 620 | 303 775 | 93 387 | 201 019 | |
| Net Claims Paid | 317 276 | 1838 608 | 1162 337 | 2372 669 | |
| Add : Claims Outstanding at the end of the year | -1516 932 | 15053 140 | 741 437 | 16528 547 | |
| Less: Claims Outstanding at the beginning of the year | 0 | 17936 911 | 0 | 15640 016 | |
| Total Claims Incurred | -1199 656 | -1045 163 | 1903 774 | 3261 200 | |
| 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 | 673 406 | 1110 770 | 218 722 | 851 125 | |
| Less :Re-insurance Ceded to claims paid | 59 351 | 115 257 | 100 947 | 152 846 | |
| Net Claims Paid | 614 055 | 995 513 | 117 775 | 698 279 | |
| Add : Claims Outstanding at the end of the year | 160 591 | 2179 485 | 349 698 | 1563 957 | |
| Less: Claims Outstanding at the beginning of the year | 0 | 1845 533 | 0 | 1047 227 | |
| Total Claims Incurred | 774 646 | 1329 465 | 467 473 | 1215 009 | |
| 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 | 936 | 11 281 | 0 | 0 | |
| Add :Re-insurance accepted to direct claims | 33235 340 | 96847 551 | 33656 594 | 61897 591 | |
| Less :Re-insurance Ceded to claims paid | 1340 274 | 1951 755 | 1322 363 | 4563 692 | |
| Net Claims Paid | 31896 002 | 94907 077 | 32334 231 | 57333 899 | |
| Add : Claims Outstanding at the end of the year | 46890 405 | 386695 097 | 24421 980 | 242809 361 | |
| Less: Claims Outstanding at the beginning of the year | 0 | 295738 786 | 1 | 209075 613 | |
| Total Claims Incurred | 78786 407 | 185863 388 | 56756 210 | 91067 647 | |