|
FORM NL-31: Related Party Transactions |
||||||||
|
Insurer: |
GIC Re |
|
|
Date: 31.12.2019 |
|
|
||
|
|
|
|
|
|
|
|
|
|
|
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 31.12.2019 |
Up to the Quarter 31.12.2019 |
Corresponding quarter of the preceding year 31.12.2018 |
Up to the Quarter of the preceding year 31.12.2018 |
|||||
|
1 |
India International Pte Ltd. |
Associate Company |
Net Premiun - Net commission - Net Claims |
-29,571.47 |
5,717.99 |
-26,970.38 |
-143,516.87 |
|
|
2 |
GIC Re South Africa Ltd. |
Subsidiary Company |
Net Premiun - Net commission - Net Claims |
0.00 |
-298,195.17 |
45,555.00 |
-951,429.91 |
|
|
3 |
GIC-Bhutan Re Ltd. |
Associate Company |
Net Premiun - Net commission - Net Claims |
0.00 |
18,569.45 |
3,301.83 |
3,301.83 |
|
|
4 |
Agricultural Insurance Company of India Ltd |
Associate Company |
Net Premiun - Net commission - Net Claims |
-5,089,525.16 |
20,600,244.44 |
1,002,161.50 |
-455,945.97 |
|
|
5 |
GIC Re, India, Corporate Member Ltd. |
Subsidiary Company |
Net Premiun - Net commission - Net Claims |
-64,894.42 |
1,190,955.41 |
-361,049.14 |
-805,430.00 |
|
|
(-) indicates amount payable by GIC Re |
||||||||