| FORM NL-5 - CLAIMS SCHEDULE | |||||
|---|---|---|---|---|---|
| Name of the Insurer: GENERAL INSURANCE CORPORATION OF INDIA | |||||
| CLAIMS INCURRED [NET] | |||||
| FOR THE PERIOD ENDED 31.12.2017 | |||||
| (` '000) | |||||
| PARTICULARS | For the Nine Months ending 31.12.2017 | Up to the Nine Months ending 31.12.2017 | 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 | 17888 078 | 35752 509 | 9851 922 | 27353 437 | |
| Less :Re-insurance Ceded to claims paid | 2832 588 | 3503 402 | 2687 573 | 5011 778 | |
| Net Claims Paid | 15055 490 | 32249 107 | 7164 349 | 22341 659 | |
| Add : Claims Outstanding at the end of the year | 3811 372 | 107638 330 | 3134 702 | 85473 291 | |
| Less: Claims Outstanding at the beginning of the year | 0 | 86734 697 | 0 | 73001 061 | |
| Total Claims Incurred | 18866 862 | 53152 740 | 10299 051 | 34813 889 | |
| 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 | 13522 432 | 35178 480 | 10458 673 | 24923 088 | |
| Less :Re-insurance Ceded to claims paid | 0 | 0 | 0 | 0 | |
| Net Claims Paid | 13522 432 | 35178 480 | 10458 673 | 24923 088 | |
| Add : Claims Outstanding at the end of the year | 397 442 | 86666 449 | 7915 637 | 74075 746 | |
| Less: Claims Outstanding at the beginning of the year | 0 | 78863 595 | 0 | 61161 102 | |
| Total Claims Incurred | 13919 874 | 42981 334 | 18374 310 | 37837 732 | |
| (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 | 11 281 | - 10 | - 10 | |
| Add :Re-insurance accepted to direct claims | 1538 722 | 3647 618 | 1088 236 | 4396 624 | |
| Less :Re-insurance Ceded to claims paid | 220 217 | 480 929 | 138 452 | 727 152 | |
| Net Claims Paid | 1318 505 | 3177 970 | 949 774 | 3669 462 | |
| Add : Claims Outstanding at the end of the year | 2262 911 | 10967 945 | 770 968 | 8687 640 | |
| Less: Claims Outstanding at the beginning of the year | 0 | 8197 969 | 0 | 8550 136 | |
| Total Claims Incurred | 3581 416 | 5947 946 | 1720 742 | 3806 966 | |
| (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 | 1348 348 | 3216 880 | 1051 412 | 3284 067 | |
| Less :Re-insurance Ceded to claims paid | 70 018 | 149 596 | 287 120 | 403 791 | |
| Net Claims Paid | 1278 330 | 3067 284 | 764 292 | 2880 276 | |
| Add : Claims Outstanding at the end of the year | -404 300 | 17723 359 | -642 509 | 17016 991 | |
| Less: Claims Outstanding at the beginning of the year | 0 | 16367 961 | 0 | 16497 841 | |
| Total Claims Incurred | 874 030 | 4422 682 | 121 783 | 3399 426 | |
| (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 | 34 989 | 60 903 | 22 122 | 70 696 | |
| Less :Re-insurance Ceded to claims paid | 0 | 0 | 0 | 0 | |
| Net Claims Paid | 34 989 | 60 903 | 22 122 | 70 696 | |
| Add : Claims Outstanding at the end of the year | 188 331 | 498 352 | -65 327 | 304 929 | |
| Less: Claims Outstanding at the beginning of the year | 0 | 358 439 | 0 | 210 187 | |
| Total Claims Incurred | 223 320 | 200 816 | -43 205 | 165 438 | |
| (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 | 147 460 | 258 810 | 268 801 | 582 835 | |
| Less :Re-insurance Ceded to claims paid | 29 | 98 | 0 | 0 | |
| Net Claims Paid | 147 431 | 258 712 | 268 801 | 582 835 | |
| Add : Claims Outstanding at the end of the year | -142 981 | 2079 210 | -866 721 | 2165 694 | |
| Less: Claims Outstanding at the beginning of the year | 0 | 1982 656 | 0 | 1726 139 | |
| Total Claims Incurred | 4 450 | 355 266 | -597 920 | 1022 390 | |
| (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 | 1433 023 | 2218 735 | 469 848 | 1303 941 | |
| Less :Re-insurance Ceded to claims paid | 0 | 0 | 0 | 0 | |
| Net Claims Paid | 1433 023 | 2218 735 | 469 848 | 1303 941 | |
| Add : Claims Outstanding at the end of the year | 827 580 | 3605 766 | 358 408 | 2559 720 | |
| Less: Claims Outstanding at the beginning of the year | - 1 | 2772 646 | 0 | 2015 981 | |
| Total Claims Incurred | 2260 604 | 3051 855 | 828 256 | 1847 680 | |
| (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 | 14112 376 | 25757 563 | 14655 208 | 24631 470 | |
| Less :Re-insurance Ceded to claims paid | 0 | 291 660 | 349 670 | 821 479 | |
| Net Claims Paid | 14112 376 | 25465 903 | 14305 538 | 23809 991 | |
| Add : Claims Outstanding at the end of the year | 415 299 | 18091 831 | 1065 159 | 14761 403 | |
| Less: Claims Outstanding at the beginning of the year | 0 | 11364 043 | 0 | 12428 273 | |
| Total Claims Incurred | 14527 675 | 32193 691 | 15370 697 | 26143 121 | |
| (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 | 12232 380 | 47600 562 | 1870 930 | 6105 517 | |
| Less :Re-insurance Ceded to claims paid | 2044 063 | 2097 528 | 81 342 | 81 342 | |
| Net Claims Paid | 10188 317 | 45503 034 | 1789 588 | 6024 175 | |
| Add : Claims Outstanding at the end of the year | 5435 907 | 120724 868 | 23742 717 | 26611 560 | |
| Less: Claims Outstanding at the beginning of the year | 0 | 59122 246 | 0 | 1594 774 | |
| Total Claims Incurred | 15624 224 | 107105 656 | 25532 305 | 31040 961 | |
| (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 | 1605 411 | 2695 817 | -261 339 | 2118 999 | |
| Less :Re-insurance Ceded to claims paid | 203 412 | 379 837 | 435 739 | 1144 182 | |
| Net Claims Paid | 1401 999 | 2315 980 | -697 078 | 974 817 | |
| Add : Claims Outstanding at the end of the year | 1418 928 | 11486 590 | -16388 497 | 8020 511 | |
| Less: Claims Outstanding at the beginning of the year | 0 | 6418 213 | 0 | 8330 101 | |
| Total Claims Incurred | 2820 927 | 7384 357 | -17085 575 | 665 227 | |
| (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 | 407 856 | 1477 596 | 69 528 | 3247 446 | |
| Less :Re-insurance Ceded to claims paid | 114 992 | 114 992 | 0 | 0 | |
| Net Claims Paid | 292 864 | 1362 604 | 69 528 | 3247 446 | |
| Add : Claims Outstanding at the end of the year | 331 906 | 4522 167 | 211 924 | 4275 832 | |
| Less: Claims Outstanding at the beginning of the year | 0 | 3773 875 | 0 | 6872 775 | |
| Total Claims Incurred | 624 770 | 2110 896 | 281 452 | 650 503 | |
| 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 | 11 281 | - 10 | - 10 | |
| Add :Re-insurance accepted to direct claims | 46382 997 | 122112 964 | 29693 419 | 70664 683 | |
| Less :Re-insurance Ceded to claims paid | 2652 731 | 3514 640 | 1292 323 | 3177 946 | |
| Net Claims Paid | 43730 266 | 118609 605 | 28401 086 | 67486 727 | |
| Add : Claims Outstanding at the end of the year | 10731 023 | 276366 537 | 16101 759 | 158480 026 | |
| Less: Claims Outstanding at the beginning of the year | - 1 | 189221 643 | 0 | 119387 309 | |
| Total Claims Incurred | 54461 290 | 205754 499 | 44502 845 | 106579 444 | |
| 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 | 567 493 | 1153 273 | 411 876 | 1460 497 | |
| Less :Re-insurance Ceded to claims paid | 2 949 | 4 388 | 0 | 19 | |
| Net Claims Paid | 564 544 | 1148 885 | 411 876 | 1460 478 | |
| Add : Claims Outstanding at the end of the year | 594 414 | 6100 860 | -68 944 | 6198 163 | |
| Less: Claims Outstanding at the beginning of the year | 1 | 5997 054 | - 1 | 5899 042 | |
| Total Claims Incurred | 1158 957 | 1252 691 | 342 933 | 1759 599 | |
| (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 | 551 106 | 2107 709 | 628 163 | 2153 230 | |
| Less :Re-insurance Ceded to claims paid | 713 821 | 1016 157 | 62 929 | 263 929 | |
| Net Claims Paid | -162 715 | 1091 552 | 565 234 | 1889 301 | |
| Add : Claims Outstanding at the end of the year | 1079 976 | 10626 670 | 587 270 | 10848 710 | |
| Less: Claims Outstanding at the beginning of the year | 0 | 11939 858 | 0 | 9740 973 | |
| Total Claims Incurred | 917 261 | -221 636 | 1152 504 | 2997 038 | |
| 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 | 1118 599 | 3260 982 | 1040 039 | 3613 727 | |
| Less :Re-insurance Ceded to claims paid | 716 770 | 1020 545 | 62 929 | 263 948 | |
| Net Claims Paid | 401 829 | 2240 437 | 977 110 | 3349 779 | |
| Add : Claims Outstanding at the end of the year | 1674 390 | 16727 530 | 518 326 | 17046 873 | |
| Less: Claims Outstanding at the beginning of the year | 1 | 17936 912 | - 1 | 15640 015 | |
| Total Claims Incurred | 2076 218 | 1031 055 | 1495 437 | 4756 637 | |
| 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 | 922 027 | 2032 797 | 787 850 | 1638 975 | |
| Less :Re-insurance Ceded to claims paid | 61 373 | 176 630 | 118 126 | 270 972 | |
| Net Claims Paid | 860 654 | 1856 167 | 669 724 | 1368 003 | |
| Add : Claims Outstanding at the end of the year | 776 073 | 2955 558 | 245 534 | 1809 491 | |
| Less: Claims Outstanding at the beginning of the year | 0 | 1845 533 | 0 | 1047 227 | |
| Total Claims Incurred | 1636 727 | 2966 192 | 915 258 | 2130 267 | |
| 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 | 11 281 | - 10 | - 10 | |
| Add :Re-insurance accepted to direct claims | 66311 701 | 163159 252 | 41373 230 | 103270 822 | |
| Less :Re-insurance Ceded to claims paid | 6263 462 | 8215 217 | 4160 951 | 8724 644 | |
| Net Claims Paid | 60048 239 | 154955 316 | 37212 269 | 94546 168 | |
| Add : Claims Outstanding at the end of the year | 16992 857 | 403687 955 | 20000 321 | 262809 681 | |
| Less: Claims Outstanding at the beginning of the year | 0 | 295738 785 | - 1 | 209075 612 | |
| Total Claims Incurred | 77041 096 | 262904 486 | 57212 591 | 148280 237 | |