| FORM NL-31: Related Party Transactions | |||||||
| Insurer: | GIC Re | Date: 30.09.2019 | |||||
| Related Party Transactions (Rs in Thousand) | |||||||
| Sl.No. | Name of the Related Party | Nature of Relationship with the Company | Description of Transactions / Categories | Consideration paid / received* | |||
| For the quarter 30.09.2019 | Up to the Quarter 30.09.2019 | Corresponding quarter of the preceding year 30.09.2018 | Up to the Quarter of the preceding year 30.09.2018 | ||||
| 1 | India International Pte LTD. | Associate Company | Net Premiun - Net commission - Net Claims | 13,585.28 | 35,024.46 | 4,027.47 | -116,963.25 |
| 2 | GIC RE South Africa Ltd. | Subsidiary Company | Net Premiun - Net commission - Net Claims | 0.00 | -298,195.17 | -996,984.91 | -996,984.91 |
| 3 | GIC-Bhutan RE Ltd. | Associate Company | Net Premiun - Net commission - Net Claims | 9,278.83 | 18,569.45 | - | - |
| 4 | Agricultural Insurance Company of India Ltd | Associate Company | Net Premiun - Net commission - Net Claims | 4,803,241.00 | 25,689,769.60 | -23,661,871.45 | -1,458,107.47 |
| 5 | GIC RE INDIA CORPORATE MEMBER | Subsidiary Company | Net Premiun - Net commission - Net Claims | 93,823.67 | 1,255,849.83 | -426,204.55 | -444,380.86 |
| (-) indicates amount payable by GIC Re | |||||||