| TABLE IB: AVAILABLE SOLVENCY MARGIN AND SOLVENCY RATIO AS AT 30
June 2018 |
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| General
Insurance Corporation of India |
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| Registration
Number: 112 |
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| Date of
Registration: 02-04-2001 |
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| Classification:
Total Business |
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(`
in Lacs) |
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| Item |
Description |
Notes No. |
Amount |
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| (1) |
(2) |
(3) |
(3) |
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| A |
Policy-holder's Funds |
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Available Assets (as per
IRDAI-GI-TA) |
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70488 39.28 |
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Deduct: |
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| B |
Current liabilities as per BS |
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48429 38.74 |
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| C |
Provision as per BS |
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14656 27.13 |
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| D |
Other Liabilities |
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4136 41.51 |
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| E |
Excess in Policyholders’
Funds (A-B-C-D) |
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326631.91 |
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Shareholder's Funds |
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| F |
Available Assets |
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17665 76.21 |
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Deduct: |
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| G |
Other Liabilities |
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1232 08.21 |
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| H |
Excess in Shareholders’
Funds (F-G) |
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16433 68.01 |
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| I |
Total Available Solvency Margin [ASM]
(E+H) |
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19699
99.92 |
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| J |
Total Required Solvency Margin [RSM] # |
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11148
72.13 |
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| K |
Solvency Ratio (Total ASM/Total RSM) |
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1.77 |
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| * Though Policyholder's fund is in minus,GIC Re has sufficient
shareholder's funds to support and meet the liabilities,if required. |
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| # The above table includes the RSM for Life Re is
RS 62,374.87 lakhs |
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