| TABLE IB: AVAILABLE SOLVENCY MARGIN AND
SOLVENCY RATIO AS AT 30 September 2019 |
|
|
| General
Insurance Corporation of India |
|
|
|
|
| Registration Number: 112 |
|
|
|
|
|
| Date
of Registration: 02-04-2001 |
|
|
|
|
| Classification:
Total Business |
|
(` in
Lacs) |
|
|
| Item |
Description |
Notes No. |
Amount |
|
|
| (1) |
(2) |
(3) |
(3) |
|
|
| A |
Policy-holder's Funds |
|
|
|
|
| |
Available Assets (as per
IRDAI-GI-TA) |
|
80777 91.99 |
|
|
| |
Deduct: |
|
|
|
|
| B |
Current liabilities as per BS |
|
58664 19.64 |
|
|
| C |
Provision as per BS |
|
13861 96.46 |
|
|
| D |
Other Liabilities |
|
4617 19.54 |
|
|
| E |
Excess in Policyholders’ Funds (A-B-C-D)* |
|
363456.36 |
|
|
| |
Shareholder's Funds |
|
|
|
|
| F |
Available Assets |
|
17284 73.06 |
|
|
| |
Deduct: |
|
|
|
|
| G |
Other Liabilities |
|
721 90.16 |
|
|
| H |
Excess in Shareholders’ Funds (F-G) |
|
16562 82.91 |
|
|
| I |
Total Available Solvency Margin
[ASM] (E+H) |
|
20197
39.26 |
|
|
| J |
Total Required Solvency Margin [RSM] |
|
12614
86.08 |
|
|
| K |
Solvency Ratio (Total ASM/Total
RSM) |
|
1.60 |
|
|
| * Though Policyholder's fund is in minus,GIC Re has sufficient
shareholder's funds to support and meet the liabilities,if required. |
|
|
|
|
| # The above table includes the RSM for Life Re is
RS 861,42.92 lakhs |
|
|
|
|
|
|
|
|