| FORM NL-31: Related Party Transactions | |||||||
| Insurer: | GIC Re | Date: 31.03.2018 | . | . | |||
| . | . | (Rs in Thousand) | . | . | . | . | . |
| Related Party Transactions | |||||||
| Sl.No. | Name of the Related Party | Nature of Relationship with the Company | Description of Transactions / Categories | Consideration paid / received* | |||
| For the quarter 31.03.2018 | Up to the Quarter 31.03.2017 | Corresponding quarter of the preceding year 31.03.2018 | Up to the Quarter of the preceding year 31.03.2018 | ||||
| 1 | India International Pte LTD. | Associate Company | Net Premiun - Net commission - Net Claims | -24,900 | -291,854 | -850,883 | -673,505 |
| 2 | GIC RE South Africa Ltd. | Subsidiary Company | Net Premiun - Net commission - Net Claims | -91,770 | 607,267 | 126,112 | 497,954 |
| 3 | GIC-Bhutan RE Ltd. | Subsidiary Company | Net Premiun - Net commission - Net Claims | 31,418 | 44,008 | 0 | 16,608 |
| 4 | Agricultural Insurance Company of India Ltd | Associate Company | Net Premiun - Net commission - Net Claims | -3,642,198 | 5,775,069 | 9,293,451 | 32,924,199 |
| 5 | GIC RE INDIA CORPORATE MEMBER | Associate Company | Net Premiun - Net commission - Net Claims | -763,827 | -914,502 | -12,502 | -112,193 |
| (-) indicates amount payable by GIC | |||||||