FORM NL-5 - CLAIMS
SCHEDULE |
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Name
of the Insurer: GENERAL INSURANCE CORPORATION OF
INDIA |
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CLAIMS
INCURRED [NET] |
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FOR
THE PERIOD ENDED 30.09.2019 |
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(` '000) |
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PARTICULARS |
For the Three Months ending 30.09.2019 |
Up to the
Six Months ending 30.09.2019 |
For the corresponding Three
months of the preceeding year |
Up to the corresponding Six months
of the prceeding year |
A |
FIRE INSURANCE |
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Claims paid |
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Direct claims |
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Add Claims Outstanding at the
end of the year |
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Less Claims Outstanding at
the beginning of the year |
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Gross Incurred Claims |
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Add :Re-insurance
accepted to direct claims |
16207 592 |
34011 823 |
15649 210 |
31738 659 |
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Less :Re-insurance Ceded to
claims paid |
1776 207 |
5173 569 |
2172 291 |
3378 922 |
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Net Claims Paid |
14431 385 |
28838 254 |
13476 919 |
28359 737 |
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Add : Claims Outstanding at the end of the year |
13724 623 |
141847 234 |
9463 114 |
117872 949 |
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Less: Claims Outstanding at the beginning of the year |
0 |
124265 299 |
- 1 |
103462 459 |
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Total Claims Incurred |
28156 008 |
46420 189 |
22940 034 |
42770 227 |
Notes: |
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a) Incurred But Not Reported (IBNR), Incurred but not enough
reported [IBNER] claims should be included in the amount for outstanding claims. |
b) Claims includes specific claims settlement cost but not
expenses of management |
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c) The surveyor fees, legal and other expenses shall also form
part of claims cost. |
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d) Claims cost should be adjusted for estimated salvage value if there
is a sufficient certainty of its realisation. |
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B |
MISCELLANEOUS INSURANCE |
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(1) |
MOTOR |
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Claims paid |
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Direct claims |
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Add Claims Outstanding at the
end of the year |
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Less Claims Outstanding at
the beginning of the year |
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Gross Incurred Claims |
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Add :Re-insurance
accepted to direct claims |
14274 635 |
25481 580 |
16487 590 |
28359 036 |
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Less :Re-insurance Ceded to
claims paid |
0 |
0 |
0 |
0 |
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Net Claims Paid |
14274 635 |
25481 580 |
16487 590 |
28359 036 |
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Add : Claims Outstanding at the end of the year |
3618 118 |
133962 630 |
6591 915 |
106849 812 |
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Less: Claims Outstanding at the beginning of the year |
0 |
119087 988 |
- 2 |
95213 892 |
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Total Claims Incurred |
17892 753 |
40356 222 |
23079 507 |
39994 956 |
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(2) |
AVIATION |
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Claims paid |
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Direct claims |
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Add Claims Outstanding at the
end of the year |
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Less Claims Outstanding at
the beginning of the year |
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Gross Incurred Claims |
0 |
0 |
0 |
0 |
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Add :Re-insurance
accepted to direct claims |
2052 614 |
5280 634 |
1951 177 |
3730 511 |
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Less :Re-insurance Ceded to
claims paid |
201 042 |
1031 709 |
191 543 |
371 282 |
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Net Claims Paid |
1851 572 |
4248 925 |
1759 634 |
3359 229 |
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Add : Claims Outstanding at the end of the year |
711 906 |
12307 873 |
2820 252 |
12898 865 |
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Less: Claims Outstanding at the beginning of the year |
0 |
11137 632 |
0 |
9960 585 |
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Total Claims Incurred |
2563 478 |
5419 166 |
4579 886 |
6297 509 |
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(3) |
ENGINEERING |
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Claims paid |
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Direct claims |
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Add Claims Outstanding at the
end of the year |
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Less Claims Outstanding at
the beginning of the year |
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Gross Incurred Claims |
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Add :Re-insurance
accepted to direct claims |
1105 983 |
2552 282 |
1175 105 |
2751 798 |
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Less :Re-insurance Ceded to
claims paid |
57 997 |
75 006 |
26 728 |
26 738 |
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Net Claims Paid |
1047 986 |
2477 276 |
1148 377 |
2725 060 |
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Add : Claims Outstanding at the end of the year |
2307 855 |
20731 878 |
2254 286 |
18724 139 |
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Less: Claims Outstanding at the beginning of the year |
0 |
17733 208 |
0 |
16934 540 |
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Total Claims Incurred |
3355 841 |
5475 946 |
3402 663 |
4514 659 |
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(4) |
WC |
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Claims paid |
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Direct claims |
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Add Claims Outstanding at the
end of the year |
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Less Claims Outstanding at
the beginning of the year |
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Gross Incurred Claims |
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Add :Re-insurance
accepted to direct claims |
41 876 |
71 365 |
36 169 |
95 387 |
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Less :Re-insurance Ceded to
claims paid |
0 |
0 |
0 |
0 |
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Net Claims Paid |
41 876 |
71 365 |
36 169 |
95 387 |
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Add : Claims Outstanding at the end of the year |
88 694 |
762 717 |
255 072 |
869 655 |
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Less: Claims Outstanding at the beginning of the year |
0 |
655 257 |
0 |
548 011 |
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Total Claims Incurred |
130 570 |
178 825 |
291 241 |
417 031 |
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(5) |
Liability |
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Claims paid |
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Direct claims |
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Add Claims Outstanding at the
end of the year |
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Less Claims Outstanding at
the beginning of the year |
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Gross Incurred Claims |
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Add :Re-insurance
accepted to direct claims |
266 341 |
429 218 |
75 250 |
156 401 |
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Less :Re-insurance Ceded to
claims paid |
35 |
8 343 |
0 |
397 |
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Net Claims Paid |
266 306 |
420 875 |
75 250 |
156 004 |
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Add : Claims Outstanding at the end of the year |
896 524 |
6357 337 |
471 998 |
3380 595 |
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Less: Claims Outstanding at the beginning of the year |
0 |
4769 475 |
0 |
2592 049 |
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Total Claims Incurred |
1162 830 |
2008 737 |
547 248 |
944 550 |
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(6) |
PA |
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Claims paid |
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Direct claims |
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Add Claims Outstanding at the
end of the year |
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Less Claims Outstanding at
the beginning of the year |
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Gross Incurred Claims |
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Add :Re-insurance
accepted to direct claims |
402 036 |
1721 367 |
556 816 |
1441 666 |
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Less :Re-insurance Ceded to
claims paid |
0 |
0 |
0 |
0 |
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Net Claims Paid |
402 036 |
1721 367 |
556 816 |
1441 666 |
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Add : Claims Outstanding at the end of the year |
546 370 |
7138 413 |
1133 495 |
5343 516 |
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Less: Claims Outstanding at the beginning of the year |
0 |
5945 650 |
0 |
3780 066 |
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Total Claims Incurred |
948 406 |
2914 130 |
1690 311 |
3005 116 |
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(7) |
Health |
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Claims paid |
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Direct claims |
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Add Claims Outstanding at the
end of the year |
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Less Claims Outstanding at
the beginning of the year |
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Gross Incurred Claims |
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Add :Re-insurance
accepted to direct claims |
6911 573 |
17788 629 |
13170 919 |
18142 023 |
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Less :Re-insurance Ceded to
claims paid |
0 |
0 |
0 |
0 |
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Net Claims Paid |
6911 573 |
17788 629 |
13170 919 |
18142 023 |
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Add : Claims Outstanding at the end of the year |
9277 508 |
33862 837 |
-3938 077 |
19653 049 |
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Less: Claims Outstanding at the beginning of the year |
0 |
20178 545 |
0 |
16622 962 |
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Total Claims Incurred |
16189 081 |
31472 921 |
9232 842 |
21172 110 |
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(8) |
Agriculture |
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Claims paid |
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Direct claims |
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Add Claims Outstanding at the
end of the year |
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Less Claims Outstanding at
the beginning of the year |
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Gross Incurred Claims |
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Add :Re-insurance
accepted to direct claims |
33698 923 |
56174 430 |
54715 023 |
69646 419 |
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Less :Re-insurance Ceded to
claims paid |
190 286 |
250 584 |
0 |
50 074 |
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Net Claims Paid |
33508 637 |
55923 846 |
54715 023 |
69596 345 |
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Add : Claims Outstanding at the end of the year |
20317 104 |
184533 778 |
-13721 054 |
167010 244 |
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Less: Claims Outstanding at the beginning of the year |
0 |
112451 396 |
0 |
125329 521 |
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Total Claims Incurred |
53825 741 |
128006 228 |
40993 969 |
111277 068 |
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(9) |
Oth. Misc. |
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Claims paid |
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Direct claims |
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Add Claims Outstanding at the
end of the year |
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Less Claims Outstanding at
the beginning of the year |
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Gross Incurred Claims |
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Add :Re-insurance
accepted to direct claims |
345 871 |
2001 584 |
358 802 |
1771 266 |
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Less :Re-insurance Ceded to
claims paid |
492 250 |
611 952 |
135 824 |
140 787 |
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Net Claims Paid |
-146 379 |
1389 632 |
222 978 |
1630 479 |
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Add : Claims Outstanding at the end of the year |
-629 652 |
10867 974 |
1391 302 |
11185 081 |
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Less: Claims Outstanding at the beginning of the year |
0 |
8811 750 |
0 |
10968 057 |
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Total Claims Incurred |
-776 031 |
3445 856 |
1614 280 |
1847 503 |
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(10) |
FL/Credit |
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Claims paid |
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Direct claims |
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Add Claims Outstanding at the
end of the year |
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Less Claims Outstanding at
the beginning of the year |
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Gross Incurred Claims |
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Add :Re-insurance
accepted to direct claims |
622 823 |
883 006 |
95 811 |
559 647 |
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Less :Re-insurance Ceded to
claims paid |
16 407 |
16 407 |
135 243 |
135 243 |
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Net Claims Paid |
606 416 |
866 599 |
-39 432 |
424 404 |
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Add : Claims Outstanding at the end of the year |
908 249 |
9370 291 |
2035 951 |
8772 381 |
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Less: Claims Outstanding at the beginning of the year |
0 |
8183 734 |
0 |
6696 150 |
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Total Claims Incurred |
1514 665 |
2053 156 |
1996 519 |
2500 635 |
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TOTAL MISCELLANEOUS |
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Claims paid |
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Direct claims |
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Add Claims Outstanding at the
end of the year |
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Less Claims Outstanding at
the beginning of the year |
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Gross Incurred Claims |
0 |
0 |
0 |
0 |
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Add :Re-insurance
accepted to direct claims |
59722 675 |
112384 095 |
88622 662 |
126654 154 |
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Less :Re-insurance Ceded to
claims paid |
958 017 |
1994 001 |
489 338 |
724 521 |
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Net Claims Paid |
58764 658 |
110390 094 |
88133 324 |
125929 633 |
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Add : Claims Outstanding at the end of the year |
38042 679 |
419895 727 |
-704 860 |
354687 337 |
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Less: Claims Outstanding at the beginning of the year |
0 |
308954 635 |
- 2 |
288645 833 |
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Total Claims Incurred |
96807 337 |
221331 186 |
87428 466 |
191971 137 |
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C |
MARINE INSURANCE |
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(1) |
MARINE CARGO |
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Claims paid |
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Direct claims |
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Add Claims Outstanding at the
end of the year |
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Less Claims Outstanding at
the beginning of the year |
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Gross Incurred Claims |
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Add :Re-insurance
accepted to direct claims |
1055 272 |
2008 013 |
614 644 |
1338 649 |
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Less :Re-insurance Ceded to
claims paid |
41 175 |
165 773 |
43 849 |
107 717 |
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Net Claims Paid |
1014 097 |
1842 240 |
570 795 |
1230 932 |
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Add : Claims Outstanding at the end of the year |
999 169 |
7193 299 |
506 306 |
6967 501 |
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Less: Claims Outstanding at the beginning of the year |
0 |
6124 215 |
0 |
5899 312 |
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Total Claims Incurred |
2013 266 |
2911 324 |
1077 101 |
2299 121 |
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(2) |
MARINE HULL |
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Claims paid |
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Direct claims |
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Add Claims Outstanding at the
end of the year |
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Less Claims Outstanding at
the beginning of the year |
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Gross Incurred Claims |
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Add :Re-insurance
accepted to direct claims |
944 918 |
2324 918 |
1724 347 |
3520 880 |
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Less :Re-insurance Ceded to
claims paid |
82 031 |
886 087 |
1498 802 |
1727 220 |
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Net Claims Paid |
862 887 |
1438 831 |
225 545 |
1793 660 |
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Add : Claims Outstanding at the end of the year |
9 813 |
12852 520 |
-237 149 |
10778 190 |
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Less: Claims Outstanding at the beginning of the year |
0 |
11730 451 |
0 |
10601 263 |
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Total Claims Incurred |
872 700 |
2560 900 |
-11 604 |
1970 587 |
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TOTAL MARINE |
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Claims paid |
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Direct claims |
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Add Claims Outstanding at the
end of the year |
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Less Claims Outstanding at
the beginning of the year |
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Gross Incurred Claims |
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Add :Re-insurance
accepted to direct claims |
2000 190 |
4332 931 |
2338 991 |
4859 529 |
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Less :Re-insurance Ceded to
claims paid |
123 206 |
1051 860 |
1542 651 |
1834 937 |
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Net Claims Paid |
1876 984 |
3281 071 |
796 340 |
3024 592 |
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Add : Claims Outstanding at the end of the year |
1008 982 |
20045 819 |
269 155 |
17745 691 |
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Less: Claims Outstanding at the beginning of the year |
0 |
17854 666 |
0 |
16500 575 |
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Total Claims Incurred |
2885 966 |
5472 224 |
1065 495 |
4269 708 |
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D |
LIFE INSURANCE |
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Claims paid |
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Direct claims |
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Add Claims Outstanding at the
end of the year |
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Less Claims Outstanding at
the beginning of the year |
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Gross Incurred Claims |
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Add :Re-insurance
accepted to direct claims |
1308 322 |
3166 950 |
875 021 |
2413 638 |
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Less :Re-insurance Ceded to
claims paid |
105 829 |
383 291 |
34 338 |
177 452 |
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Net Claims Paid |
1202 493 |
2783 659 |
840 683 |
2236 186 |
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Add : Claims Outstanding at the end of the year |
559 054 |
4853 184 |
193 401 |
3208 708 |
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Less: Claims Outstanding at the beginning of the year |
0 |
4242 699 |
0 |
3145 809 |
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Total Claims Incurred |
1761 547 |
3394 144 |
1034 084 |
2299 085 |
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E |
TOTAL ALL CLASSES |
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Claims paid |
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Direct claims |
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Add Claims Outstanding at the
end of the year |
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Less Claims Outstanding at
the beginning of the year |
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Gross Incurred Claims |
0 |
0 |
0 |
0 |
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Add :Re-insurance
accepted to direct claims |
79238 779 |
153895 799 |
107485 884 |
165665 980 |
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Less :Re-insurance Ceded to
claims paid |
2963 259 |
8602 721 |
4238 618 |
6115 832 |
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Net Claims Paid |
76275 520 |
145293 078 |
103247 266 |
159550 148 |
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Add : Claims Outstanding at the end of the year |
53335 338 |
586641 964 |
9220 810 |
493514 685 |
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Less: Claims Outstanding at the beginning of the year |
0 |
455317 299 |
- 3 |
411754 676 |
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Total Claims Incurred |
129610 858 |
276617 743 |
112468 079 |
241310 157 |
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4 |
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- 2 |
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