| TABLE IB: AVAILABLE SOLVENCY MARGIN AND SOLVENCY RATIO AS AT 30
September 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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|
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| |
Available Assets (as per
IRDAI-GI-TA) |
|
68311 43.75 |
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| |
Deduct: |
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| B |
Current liabilities as per BS |
|
49351 46.87 |
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| C |
Provision as per BS |
|
11507 48.66 |
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| D |
Other Liabilities |
|
3842 46.30 |
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| E |
Excess in Policyholders’ Funds (A-B-C-D)* |
|
361001.93 |
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| |
Shareholder's Funds |
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|
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| F |
Available Assets |
|
18492 57.88 |
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| |
Deduct: |
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| G |
Other Liabilities |
|
1135 15.68 |
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| H |
Excess in Shareholders’ Funds (F-G) |
|
17357 42.21 |
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| I |
Total Available Solvency
Margin [ASM] (E+H) |
|
20967
44.13 |
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| J |
Total Required Solvency
Margin [RSM] |
|
12146
44.80 |
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| K |
Solvency Ratio (Total
ASM/Total RSM) |
|
1.73 |
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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 70,789.95 lakhs |
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