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 30 September 2019				( ` IN 000)
	PARTICULARS	SCHEDULE	As at 30.09.2019	As at 30.09.2018
	SOURCES OF FUNDS
	SHARE CAPITAL	NL-8-Share Capital Schedule	8772 000	8772 000
	SHARE APPLICATION MONEY PENDING ALLOTMENT
	RESERVES AND SURPLUS	NL-10-Reserves and Surplus Schedule	204950 599	218205 935
	Deferred Tax Liability		0	0
	FAIR VALUE CHANGE ACCOUNT
	Shareholders fund		59646 400	78008 029
	Policyholders fund		208783 463	221677 062
	BORROWINGS	NL-11-Borrowings Schedule	0	0
	TOTAL		482152 462	526663 026
	APPLICATION OF FUNDS
	INVESTMENTS- Shareholders	NL-12-Investment Schedule	177266 004	202995 679
	INVESTMENTS- Policyholders	NL-12-Investment Schedule	594341 864	559949 704
	LOANS	NL-13-Loans Schedule	2378 937	2601 581
	FIXED ASSETS	NL-14-Fixed Assets Schedule	1869 429	1891 945
	DEFERRED TAX ASSET		27 786	1001 665
	CURRENT ASSETS
	Cash and Bank Balances	NL-15-Cash and bank balance Schedule	134002 064	121126 612
	Advances and Other Assets	NL-16-Advancxes and Other Assets Schedule	350918 957	289386 475
	Sub-Total (A)		484921 021	410513 087
	CURRENT LIABILITIES	NL-17-Current Liabilities Schedule	633078 599	532526 436
	PROVISIONS	NL-18-Provisions Schedule	145573 980	119764 199
	DEFERRED TAX LIABILITY
	Sub-Total (B)		778652 579	652290 635
	NET CURRENT ASSETS (C) = (A - B)		-293731 558	-241777 548
	MISCELLANEOUS EXPENDITURE (to the extent not written off or adjusted)	NL-19-Miscellaneous Expenditure Schedule
	DEBIT BALANCE IN PROFIT AND LOSS ACCOUNT
	TOTAL		482152 462	526663 026
CONTINGENT LIABILITIES
	Particulars		As at 30.09.2019	As at 30.09.2018
			(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		28619990	22153841
5	Statutory demands/ liabilities in dispute, not provided for		58494036	17262332
6	Reinsurance obligations to the extent not provided for in accounts
7	Indirect tax		10232624
	TOTAL		97357 650	39427 173