| TABLE IB: AVAILABLE SOLVENCY MARGIN AND SOLVENCY RATIO AS AT 31
March 2019 |
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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 |
|
| (1) |
(2) |
(3) |
(3) |
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| A |
Policy-holder's Funds |
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| |
Available Assets (as per
IRDAI-GI-TA) |
|
67383 61.24 |
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| |
Deduct: |
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| B |
Current liabilities as per BS |
|
45531 72.96 |
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| C |
Provision as per BS |
|
13580 07.46 |
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| D |
Other Liabilities |
|
5152 45.64 |
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| E |
Excess in Policyholders’ Funds (A-B-C-D)* |
|
311935.18 |
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| |
Shareholder's Funds |
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|
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| F |
Available Assets |
|
20165 17.32 |
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| |
Deduct: |
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| G |
Other Liabilities |
|
827 61.69 |
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| H |
Excess in Shareholders’ Funds (F-G) |
|
19337 55.63 |
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| I |
Total Available Solvency Margin
[ASM] (E+H) |
|
22456
90.81 |
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| J |
Total Required Solvency
Margin [RSM] |
|
10910
32.08 |
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| K |
Solvency Ratio (Total ASM/Total
RSM) |
|
2.06 |
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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 77,334.74 lakhs |
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