FORM NL-3-B-BS
Name of the Insurer:  GENERAL INSURANCE CORPORATION OF INDIA
Registration No.  112
Date of  Registration with the IRDAI : 2nd April, 2001
BALANCE SHEET  AS AT 30 September   2018				( ` IN 000)
	PARTICULARS	SCHEDULE	As at 30.09.2018	As at 30.09.2017
	SOURCES OF FUNDS
	SHARE CAPITAL	NL-8-Share Capital Schedule	8772 000	4300 000
	SHARE APPLICATION MONEY PENDING ALLOTMENT
	RESERVES AND SURPLUS	NL-10-Reserves and Surplus Schedule	218205 935	188440 961
	Deferred Tax Liability		0	0
	FAIR VALUE CHANGE ACCOUNT
	Shareholders fund		78008 029	82347 807
	Policyholders fund		221677 063	227114 076
	BORROWINGS	NL-11-Borrowings Schedule	0	0
	TOTAL		526663 027	502202 844
	APPLICATION OF FUNDS
	INVESTMENTS- Shareholders	NL-12-Investment Schedule	202995 679	183535 436
	INVESTMENTS- Policyholders	NL-12-Investment Schedule	559949 704	498366 128
	LOANS	NL-13-Loans Schedule	2601 581	2849 074
	FIXED ASSETS	NL-14-Fixed Assets Schedule	1891 946	1603 491
	DEFERRED TAX ASSET		1001 665	133 774
	CURRENT ASSETS
	Cash and Bank Balances	NL-15-Cash and bank balance Schedule	121126 613	132626 050
	Advances and Other Assets	NL-16-Advancxes and Other Assets Schedule	295461 590	251231 528
	Sub-Total (A)		416588 203	383857 578
	CURRENT LIABILITIES	NL-17-Current Liabilities Schedule	532526 436	426689 551
	PROVISIONS	NL-18-Provisions Schedule	125839 315	141453 086
	DEFERRED TAX LIABILITY
	Sub-Total (B)		658365 751	568142 637
	NET CURRENT ASSETS (C) = (A - B)		-241777 548	-184285 059
	MISCELLANEOUS EXPENDITURE (to the extent not written off or adjusted)	NL-19-Miscellaneous Expenditure Schedule
	DEBIT BALANCE IN PROFIT AND LOSS ACCOUNT
	TOTAL		526663 027	502202 844
CONTINGENT LIABILITIES
	Particulars		As at 30.09.2018	As at 30.09.2017
			(Rs.’000)	(Rs.’000)
1	Partly paid-up investments
2	Claims, other than against policies, not acknowledged as debts by the company		11000	11
3	Underwriting commitments outstanding (in respect of shares and securities)
4	Guarantees given by or on behalf of the Company		22153841	15545 484
5	Statutory demands/ liabilities in dispute, not provided for		17262332	16556 800
6	Reinsurance obligations to the extent not provided for in accounts
7	Others (to be specified)
	TOTAL		39427 173	32102 295