| FORM NL-7-OPERATING EXPENSES SCHEDULE |
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| Name of the
Insurer: GENERAL INSURANCE CORPORATION OF INDIA |
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| OPERATING
EXPENSES RELATED TO INSURANCE BUSINESS |
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(` '000) |
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PARTICUALRS |
For
the Three Months ending 30.06.2019 |
Up
to the
Three Months ending 30.06.2019 |
For the
corresponding Three months of the
preceeding year |
Up to
the corresponding three months of the prceeding year |
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| 1 |
Employees’
remuneration & welfare benefits |
253 935 |
253 935 |
297 234 |
297 234 |
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| 2 |
Travel, conveyance and
vehicle running expenses |
17 214 |
17 214 |
15 246 |
15 246 |
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| 3 |
Training expenses |
3 415 |
3 415 |
1 025 |
1 025 |
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| 4 |
Rents, rates & taxes |
16 424 |
16 424 |
14 393 |
14 393 |
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| 5 |
Repairs |
64 039 |
64 039 |
60 366 |
60 366 |
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| 6 |
Printing &
stationery |
549 |
549 |
577 |
577 |
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| 7 |
Communication |
3 055 |
3 055 |
3 875 |
3 875 |
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| 8 |
Legal & professional
charges |
14 752 |
14 752 |
14 492 |
14 492 |
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| 9 |
Auditors' fees, expenses
etc |
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(a) as auditor |
3 541 |
3 541 |
3 413 |
3 413 |
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(b) as adviser or in any
other capacity, in respect of |
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(i) Taxation matters |
0 |
0 |
0 |
0 |
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(ii) Insurance matters |
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(iii) Management
services; and |
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(c) in
any other capacity |
17 |
17 |
0 |
0 |
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| 10 |
Advertisement and
publicity |
19 351 |
19 351 |
10 016 |
10 016 |
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| 11 |
Interest & Bank
Charges |
9 024 |
9 024 |
8 162 |
8 162 |
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| 12 |
IT Expenses |
20 768 |
20 768 |
51 149 |
51 149 |
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| 13 |
Depreciation |
42 467 |
42 467 |
18 853 |
18 853 |
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| 14 |
Service Tax A/C |
0 |
0 |
0 |
0 |
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| 15 |
Swachh Bharat Cess |
0 |
0 |
0 |
0 |
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| 16 |
Others |
166 129 |
166 129 |
77 447 |
77 447 |
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TOTAL |
634 680 |
634 680 |
576 248 |
576 248 |
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0 |
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0 |
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| Note: Items of expenses and income in excess of one percent of
the total premiums (less reinsurance) or Rs.5,00,000 whichever is higher,
shall be shown as a separate line item. |
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