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 31 December 2018				( ` IN 000)
	PARTICULARS	SCHEDULE	As at 31.12.2018	As at 31.12.2017
	SOURCES OF FUNDS
	SHARE CAPITAL	NL-8-Share Capital Schedule	8772 000	4386 000
	SHARE APPLICATION MONEY PENDING ALLOTMENT
	RESERVES AND SURPLUS	NL-10-Reserves and Surplus Schedule	218448 321	210124 138
	Deferred Tax Liability		0	0
	FAIR VALUE CHANGE ACCOUNT
	Shareholders fund		78747 087	96813 006
	Policyholders fund		220899 363	241339 304
	BORROWINGS	NL-11-Borrowings Schedule	0	0
	TOTAL		526866 771	552662 448
	APPLICATION OF FUNDS
	INVESTMENTS- Shareholders	NL-12-Investment Schedule	209340 397	214885 382
	INVESTMENTS- Policyholders	NL-12-Investment Schedule	570546 495	520843 150
	LOANS	NL-13-Loans Schedule	2598 088	2838 630
	FIXED ASSETS	NL-14-Fixed Assets Schedule	1860 919	1724 158
	DEFERRED TAX ASSET		127 197	127 114
	CURRENT ASSETS
	Cash and Bank Balances	NL-15-Cash and bank balance Schedule	120856 406	129575 813
	Advances and Other Assets	NL-16-Advancxes and Other Assets Schedule	288343 134	243856 141
	Sub-Total (A)		409199 540	373431 954
	CURRENT LIABILITIES	NL-17-Current Liabilities Schedule	526565 559	434331 266
	PROVISIONS	NL-18-Provisions Schedule	140240 306	126856 674
	DEFERRED TAX LIABILITY
	Sub-Total (B)		666805 865	561187 940
	NET CURRENT ASSETS (C) = (A - B)		-257606 325	-187755 986
	MISCELLANEOUS EXPENDITURE (to the extent not written off or adjusted)	NL-19-Miscellaneous Expenditure Schedule	0	0
	DEBIT BALANCE IN PROFIT AND LOSS ACCOUNT
	TOTAL		526866 771	552662 448
CONTINGENT LIABILITIES
	Particulars		As at 31.12.2018	As at 31.12.2017
			(Rs.’000)	(Rs.’000)
1	Partly paid-up investments
2	Claims, other than against policies, not acknowledged as debts by the company		11000
3	Underwriting commitments outstanding (in respect of shares and securities)
4	Guarantees given by or on behalf of the Company		22304980	1849154
5	Statutory demands/ liabilities in dispute, not provided for		17432822	1725116
6	Reinsurance obligations to the extent not provided for in accounts
7	Others (to be specified)
	TOTAL		39748 802	3574 270