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 March 2019				( ` IN 000)
	PARTICULARS	SCHEDULE	As at 31.03.2019	As at 31.03.2018
	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	224838 561	220359 393
	Deferred Tax Liability		0	0
	FAIR VALUE CHANGE ACCOUNT
	Shareholders fund		84079 838	86379 186
	Policyholders fund		220226 487	211963 492
	BORROWINGS	NL-11-Borrowings Schedule	0	0
	TOTAL		537916 886	523088 071
	APPLICATION OF FUNDS
	INVESTMENTS- Shareholders	NL-12-Investment Schedule	225377 444	212461 676
	INVESTMENTS- Policyholders	NL-12-Investment Schedule	570751 970	506754 010
	LOANS	NL-13-Loans Schedule	2579 189	2820 852
	FIXED ASSETS	NL-14-Fixed Assets Schedule	1966 904	1711 824
	DEFERRED TAX ASSET		25 562	144 024
	CURRENT ASSETS
	Cash and Bank Balances	NL-15-Cash and bank balance Schedule	128479 085	141716 159
	Advances and Other Assets	NL-16-Advancxes and Other Assets Schedule	259655 507	231115 411
	Sub-Total (A)		388134 592	372831 570
	CURRENT LIABILITIES	NL-17-Current Liabilities Schedule	508023 836	449901 603
	PROVISIONS	NL-18-Provisions Schedule	142894 939	123734 282
	DEFERRED TAX LIABILITY
	Sub-Total (B)		650918 775	573635 885
	NET CURRENT ASSETS (C) = (A - B)		-262784 183	-200804 315
	MISCELLANEOUS EXPENDITURE (to the extent not written off or adjusted)	NL-19-Miscellaneous Expenditure Schedule
	DEBIT BALANCE IN PROFIT AND LOSS ACCOUNT
	TOTAL		537916 886	523088 071
CONTINGENT LIABILITIES
	Particulars		As at 31.03.2019	As at 31.03.2018
			(Rs.’000)	(Rs.’000)
1	Partly paid-up investments
2	Claims, other than against policies, not acknowledged as debts by the company		11000	11000
3	Underwriting commitments outstanding (in respect of shares and securities)
4	Guarantees given by or on behalf of the Company		19501805	15864369
5	Statutory demands/ liabilities in dispute, not provided for		17262332	17298899
6	Reinsurance obligations to the extent not provided for in accounts
7	Others (to be specified)
	TOTAL		36775 137	33174 268