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FORM NL-1-B-RA |
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Name of the Insurer: GENERAL INSURANCE CORPORATION OF INDIA |
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Registration No. 112 |
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Date of Registration with the IRDAI : 2nd April, 2001 |
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REVENUE ACCOUNT FOR THE PERIOD ENDED 31.12.2019 |
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FIRE INSURANCE BUSINESS |
( ` IN 000) |
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PARTICULARS |
SCHEDULE |
For the Three Months ending 31.12.2019 |
Up to the Nine Months ending 31.12.2019 |
For the corresponding Three months of the preceeding year |
Up to the corresponding Nine months of the prceeding year |
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1 |
Premiums earned (Net) |
NL-4-Premium Schedule |
17800 532 |
69276 313 |
18463 927 |
60179 838 |
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2 |
Profit on sale of Investments (Net) |
2250 575 |
4290 672 |
1259 622 |
3671 701 |
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3 |
Profit/-Loss on Exchange Fluctuation |
168 060 |
474,567 |
-533 992 |
709 473 |
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4 |
Interest, Dividend & Rent - Gross |
1964 272 |
6190 659 |
1742 998 |
5635 146 |
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TOTAL (A) |
22183 439 |
80232 211 |
20932 555 |
70196 158 |
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1 |
Claims Incurred (Net) |
NL-5-Claims Schedule |
21699 643 |
68119 832 |
18655 796 |
61426 023 |
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2 |
Commission (Net) |
NL-6-Commission Schedule |
7952 496 |
24242 703 |
5325 982 |
16542 491 |
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3 |
Operating Expenses related to Insurance Business |
NL-7-Operating Expenses Schedule |
130 683 |
636 214 |
162 028 |
417 434 |
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4 |
Expenses relating to Investments |
0 |
0 |
0 |
0 |
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5 |
Premium Deficiency |
0 |
0 |
0 |
0 |
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TOTAL (B) |
29782 822 |
92998 749 |
24143 806 |
78385 948 |
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Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B) |
-7599 383 |
-12766 538 |
-3211 251 |
-8189 790 |
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APPROPRIATIONS |
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Transfer to Shareholders’ Account |
-7599 383 |
-12766 538 |
-3211 251 |
-8189 790 |
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Transfer to Catastrophe Reserve |
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Transfer to Other Reserves (to be specified) |
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TOTAL (C) |
-7599 383 |
-12766 538 |
-3211 251 |
-8189 790 |
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As required by Section 40C (2) of the Insurance Act, 1938, we certify that, all expenses of management, wherever incurred, whether directly or indirectly, in respect of Fire Insurance Business have been fully debited in the Fire Insurance Revenue Accounts as expenses. |
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MISCELLANEOUS INSURANCE BUSINESS |
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PARTICULARS |
SCHEDULE |
For the Three Months ending 31.12.2019 |
Up to the Nine Months ending 31.12.2019 |
For the corresponding Three months of the preceeding year |
Up to the corresponding Nine months of the prceeding year |
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1 |
Premiums earned (Net) |
NL-4-Premium Schedule |
53054 037 |
278994 792 |
47798 451 |
253848 052 |
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2 |
Profit on sale of Investments (Net) |
6077 127 |
11664 673 |
3130 291 |
9542 090 |
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3 |
Profit/-Loss on Exchange Fluctuation |
456 461 |
1,145,065 |
-1360 276 |
1874 581 |
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4 |
Interest, Dividend & Rent - Gross |
5254 506 |
16830 002 |
4298 605 |
14644 732 |
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TOTAL (A) |
64842 131 |
308634 532 |
53867 071 |
279909 455 |
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1 |
Claims Incurred (Net) |
NL-5-Claims Schedule |
57384 282 |
278715 468 |
36002 718 |
227973 855 |
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2 |
Commission (Net) |
NL-6-Commission Schedule |
12389 234 |
34266 451 |
5312 320 |
31737 609 |
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3 |
Operating Expenses related to Insurance Business |
NL-7-Operating Expenses Schedule |
372 683 |
2055 461 |
509 977 |
1394 237 |
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4 |
Expenses relating to Investments |
0 |
0 |
0 |
0 |
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5 |
Premium Deficiency |
0 |
0 |
0 |
0 |
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TOTAL (B) |
70146 199 |
315037 380 |
41825 015 |
261105 701 |
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Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B) |
(5304 068) |
(6402 848) |
12042 056 |
18803 754 |
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APPROPRIATIONS |
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Transfer to Shareholders’ Account |
(5304 068) |
(6402 848) |
12042 056 |
18803 754 |
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Transfer to Catastrophe Reserve |
0 |
0 |
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Transfer to Other Reserves (to be specified) |
0 |
0 |
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TOTAL (C) |
(5304 068) |
(6402 848) |
12042 056 |
18803 754 |
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As required by Section 40C (2) of the Insurance Act, 1938, we certify that, all expenses of management, wherever incurred, whether directly or indirectly, in respect of Miscellaneous Insurance Business have been fully debited in the Miscellaneous Insurance Revenue Accounts as expenses. |
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MARINE INSURANCE BUSINESS |
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PARTICULARS |
SCHEDULE |
For the Three Months ending 31.12.2019 |
Up to the Nine Months ending 31.12.2019 |
For the corresponding Three months of the preceeding year |
Up to the corresponding Nine months of the prceeding year |
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1 |
Premiums earned (Net) |
NL-4-Premium Schedule |
5328 637 |
11005 052 |
2602 063 |
8520 525 |
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2 |
Profit on sale of Investments (Net) |
383 420 |
762 050 |
249 562 |
642 242 |
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3 |
Profit/-Loss on Exchange Fluctuation |
28 246 |
76,295 |
-71 949 |
126 165 |
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4 |
Interest, Dividend & Rent - Gross |
315 107 |
1099 499 |
352 050 |
985 681 |
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TOTAL (A) |
6055 410 |
12942 896 |
3131 726 |
10274 613 |
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1 |
Claims Incurred (Net) |
NL-5-Claims Schedule |
4190 420 |
9662 644 |
1943 856 |
6213 564 |
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2 |
Commission (Net) |
NL-6-Commission Schedule |
844 173 |
2312 096 |
860 861 |
2235 942 |
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3 |
Operating Expenses related to Insurance Business |
NL-7-Operating Expenses Schedule |
18 321 |
80 307 |
30 772 |
58 974 |
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4 |
Expenses relating to Investments |
0 |
0 |
0 |
0 |
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5 |
Premium Deficiency |
0 |
0 |
0 |
0 |
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TOTAL (B) |
5052 914 |
12055 047 |
2835 489 |
8508 480 |
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Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B) |
1002496 |
887849 |
296237 |
1766133 |
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APPROPRIATIONS |
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Transfer to Shareholders’ Account |
1002 496 |
887 849 |
296 237 |
1766 133 |
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Transfer to Catastrophe Reserve |
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Transfer to Other Reserves (to be specified) |
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TOTAL (C) |
1002 496 |
887 849 |
296 237 |
1766 133 |
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As required by Section 40C (2) of the Insurance Act, 1938, we certify that, all expenses of management, wherever incurred, whether directly or indirectly, in respect of Marine Insurance Business have been fully debited in the Marine Insurance Revenue Accounts as expenses. |
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LIFE INSURANCE BUSINESS |
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PARTICULARS |
SCHEDULE |
For the Three Months ending 31.12.2019 |
Up to the Nine Months ending 31.12.2019 |
For the corresponding Three months of the preceeding year |
Up to the corresponding Nine months of the prceeding year |
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1 |
Premiums earned (Net) |
NL-4-Premium Schedule |
2101 549 |
5490 448 |
1430 139 |
3679 563 |
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2 |
Profit on sale of Investments (Net) |
79 502 |
168 589 |
40 943 |
111 117 |
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3 |
Profit/-Loss on Exchange Fluctuation |
5 579 |
16,821 |
-13 574 |
17 939 |
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4 |
Interest, Dividend & Rent - Gross |
58 687 |
243 244 |
57 304 |
170 537 |
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TOTAL (A) |
2245 317 |
5919 102 |
1514 812 |
3979 156 |
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1 |
Claims Incurred (Net) |
NL-5-Claims Schedule |
1592 313 |
4986 457 |
1653 778 |
3952 863 |
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2 |
Commission (Net) |
NL-6-Commission Schedule |
19 976 |
69 636 |
18 419 |
61 479 |
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3 |
Operating Expenses related to Insurance Business |
NL-7-Operating Expenses Schedule |
6 878 |
43 840 |
8 490 |
19 253 |
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4 |
Expenses relating to Investments |
0 |
0 |
0 |
0 |
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5 |
Premium Deficiency |
-163 649 |
324 220 |
-25 927 |
48 583 |
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TOTAL (B) |
1455 518 |
5424 153 |
1654 760 |
4082 178 |
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Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B) |
789 799 |
494 949 |
(139 948) |
(103 022) |
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APPROPRIATIONS |
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Transfer to Shareholders’ Account |
789 799 |
494 949 |
(139 948) |
(103 022) |
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Transfer to Catastrophe Reserve |
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Transfer to Other Reserves (to be specified) |
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TOTAL (C) |
789 799 |
494 949 |
(139 948) |
(103 022) |
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As required by Section 40C (2) of the Insurance Act, 1938, we certify that, all expenses of management, wherever incurred, whether directly or indirectly, in respect of Life Insurance Business have been fully debited in the Life Insurance Revenue Accounts as expenses. |
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