NL-5-Claims-Sch

FORM NL-5 - CLAIMS SCHEDULE
Name of the Insurer: GENERAL INSURANCE CORPORATION OF INDIA
CLAIMS INCURRED [NET]
FOR THE PERIOD ENDED 31.12.2019
					(` '000)
	PARTICULARS	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
A	FIRE INSURANCE
	Claims paid
	Direct claims
	Add Claims Outstanding at the end of the year
	Less Claims Outstanding at the beginning of the year
	Gross Incurred Claims
	Add :Re-insurance accepted to direct claims	21945 063	55956 886	14979 523	46718 182
	Less :Re-insurance Ceded to claims paid	430 353	5603 922	2214 833	5593 755
	Net Claims Paid	21514 710	50352 964	12764 690	41124 427
	Add : Claims Outstanding at the end of the year	184 934	142032 168	5891 107	123764 055
	Less: Claims Outstanding at the beginning of the year	0	124265 299	0	103462 459
	Total Claims Incurred	21699 644	68119 833	18655 797	61426 023
Notes:
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
c) The surveyor fees, legal and other expenses shall also form part of claims cost.
d) Claims cost should be adjusted for estimated salvage value if there is a sufficient certainty of its realisation.


B	MISCELLANEOUS INSURANCE
(1)	MOTOR
	Claims paid
	Direct claims
	Add Claims Outstanding at the end of the year
	Less Claims Outstanding at the beginning of the year
	Gross Incurred Claims
	Add :Re-insurance accepted to direct claims	14208 821	39690 401	11989 459	40348 495
	Less :Re-insurance Ceded to claims paid	0	0	0	0
	Net Claims Paid	14208 821	39690 401	11989 459	40348 495
	Add : Claims Outstanding at the end of the year	6777 046	140739 676	5094 181	111943 993
	Less: Claims Outstanding at the beginning of the year	0	119087 988	0	95213 892
	Total Claims Incurred	20985 867	61342 089	17083 640	57078 596


(2)	AVIATION
	Claims paid
	Direct claims	5 750	5 750	0	0
	Add Claims Outstanding at the end of the year
	Less Claims Outstanding at the beginning of the year
	Gross Incurred Claims
	Add :Re-insurance accepted to direct claims	1549 387	6830 021	5112 465	8842 976
	Less :Re-insurance Ceded to claims paid	346 282	1377 991	2325 272	2696 554
	Net Claims Paid	1208 855	5457 780	2787 193	6146 422
	Add : Claims Outstanding at the end of the year	1910 626	14218 499	-488 288	12410 576
	Less: Claims Outstanding at the beginning of the year	0	11137 632	0	9960 585
	Total Claims Incurred	3119 481	8538 647	2298 905	8596 413


(3)	ENGINEERING
	Claims paid
	Direct claims
	Add Claims Outstanding at the end of the year
	Less Claims Outstanding at the beginning of the year
	Gross Incurred Claims
	Add :Re-insurance accepted to direct claims	1093 630	3645 912	761 952	3513 750
	Less :Re-insurance Ceded to claims paid	11 318	86 324	400	27 138
	Net Claims Paid	1082 312	3559 588	761 552	3486 612
	Add : Claims Outstanding at the end of the year	426 679	21158 557	643 514	19367 654
	Less: Claims Outstanding at the beginning of the year	0	17733 208	0	16934 540
	Total Claims Incurred	1508 991	6984 937	1405 066	5919 726


(4)	WC
	Claims paid
	Direct claims
	Add Claims Outstanding at the end of the year
	Less Claims Outstanding at the beginning of the year
	Gross Incurred Claims
	Add :Re-insurance accepted to direct claims	31 290	102 655	30 130	125 517
	Less :Re-insurance Ceded to claims paid	0	0	0	0
	Net Claims Paid	31 290	102 655	30 130	125 517
	Add : Claims Outstanding at the end of the year	25 700	788 417	96 360	966 014
	Less: Claims Outstanding at the beginning of the year	0	655 257	0	548 011
	Total Claims Incurred	56 990	235 815	126 490	543 520


(5)	Liability
	Claims paid
	Direct claims
	Add Claims Outstanding at the end of the year
	Less Claims Outstanding at the beginning of the year
	Gross Incurred Claims
	Add :Re-insurance accepted to direct claims	222 307	651 525	133 895	290 296
	Less :Re-insurance Ceded to claims paid	302	8 644	0	397
	Net Claims Paid	222 005	642 881	133 895	289 899
	Add : Claims Outstanding at the end of the year	612 530	6969 867	499 051	3879 646
	Less: Claims Outstanding at the beginning of the year	0	4769 475	0	2592 049
	Total Claims Incurred	834 535	2843 273	632 946	1577 496


(6)	PA
	Claims paid
	Direct claims
	Add Claims Outstanding at the end of the year
	Less Claims Outstanding at the beginning of the year
	Gross Incurred Claims
	Add :Re-insurance accepted to direct claims	1290 943	3012 309	445 299	1886 965
	Less :Re-insurance Ceded to claims paid	161	161	0	0
	Net Claims Paid	1290 782	3012 148	445 299	1886 965
	Add : Claims Outstanding at the end of the year	-38 071	7100 341	269 865	5613 381
	Less: Claims Outstanding at the beginning of the year	0	5945 650	0	3780 066
	Total Claims Incurred	1252 711	4166 839	715 164	3720 280


(7)	Health
	Claims paid
	Direct claims
	Add Claims Outstanding at the end of the year
	Less Claims Outstanding at the beginning of the year
	Gross Incurred Claims
	Add :Re-insurance accepted to direct claims	11905 858	29694 487	8230 886	26372 909
	Less :Re-insurance Ceded to claims paid	193 880	193 880	57	57
	Net Claims Paid	11711 978	29500 607	8230 829	26372 852
	Add : Claims Outstanding at the end of the year	2616 648	36479 485	3922 555	23575 604
	Less: Claims Outstanding at the beginning of the year	0	20178 545	0	16622 962
	Total Claims Incurred	14328 626	45801 547	12153 384	33325 494


(8)	Agriculture
	Claims paid
	Direct claims
	Add Claims Outstanding at the end of the year
	Less Claims Outstanding at the beginning of the year
	Gross Incurred Claims
	Add :Re-insurance accepted to direct claims	30290 713	86465 142	23706 311	93352 730
	Less :Re-insurance Ceded to claims paid	26 819	277 403	1	50 075
	Net Claims Paid	30263 894	86187 739	23706 310	93302 655
	Add : Claims Outstanding at the end of the year	-13980 784	170552 994	-21918 244	145092 000
	Less: Claims Outstanding at the beginning of the year	0	112451 396	0	125329 521
	Total Claims Incurred	16283 110	144289 337	1788 066	113065 134


(9)	Oth. Misc.
	Claims paid
	Direct claims
	Add Claims Outstanding at the end of the year
	Less Claims Outstanding at the beginning of the year
	Gross Incurred Claims
	Add :Re-insurance accepted to direct claims	751 285	2752 867	907 803	2679 067
	Less :Re-insurance Ceded to claims paid	20 315	632 267	11 102	151 889
	Net Claims Paid	730 970	2120 600	896 701	2527 178
	Add : Claims Outstanding at the end of the year	-1893 439	8974 535	-847 395	10337 686
	Less: Claims Outstanding at the beginning of the year	0	8811 750	0	10968 056
	Total Claims Incurred	-1162 469	2283 385	49 306	1896 808


(10)	FL/Credit
	Claims paid
	Direct claims
	Add Claims Outstanding at the end of the year
	Less Claims Outstanding at the beginning of the year
	Gross Incurred Claims
	Add :Re-insurance accepted to direct claims	294 842	1177 848	-50 850	508 796
	Less :Re-insurance Ceded to claims paid	0	16 407	0	135 243
	Net Claims Paid	294 842	1161 441	-50 850	373 553
	Add : Claims Outstanding at the end of the year	-118 401	9251 890	-199 397	8572 985
	Less: Claims Outstanding at the beginning of the year	0	8183 734	0	6696 150
	Total Claims Incurred	176 441	2229 597	-250 247	2250 388


	TOTAL MISCELLANEOUS
	Claims paid
	Direct claims	5 750	5 750	0	0
	Add Claims Outstanding at the end of the year
	Less Claims Outstanding at the beginning of the year
	Gross Incurred Claims
	Add :Re-insurance accepted to direct claims	61639 076	174023 167	51267 350	177921 501
	Less :Re-insurance Ceded to claims paid	599 077	2593 077	2336 832	3061 353
	Net Claims Paid	61045 749	171435 840	48930 518	174860 148
	Add : Claims Outstanding at the end of the year	-3661 466	416234 261	-12927 798	341759 539
	Less: Claims Outstanding at the beginning of the year	0	308954 635	0	288645 832
	Total Claims Incurred	57384 283	278715 466	36002 720	227973 855


C	MARINE INSURANCE
(1)	MARINE CARGO
	Claims paid
	Direct claims
	Add Claims Outstanding at the end of the year
	Less Claims Outstanding at the beginning of the year
	Gross Incurred Claims
	Add :Re-insurance accepted to direct claims	1272 586	3280 599	762 604	2101 254
	Less :Re-insurance Ceded to claims paid	60 293	226 066	13 230	120 947
	Net Claims Paid	1212 293	3054 533	749 374	1980 307
	Add : Claims Outstanding at the end of the year	79 802	7273 101	-192 162	6775 337
	Less: Claims Outstanding at the beginning of the year	0	6124 215	0	5899 312
	Total Claims Incurred	1292 095	4203 419	557 212	2856 332


(2)	MARINE HULL
	Claims paid
	Direct claims
	Add Claims Outstanding at the end of the year
	Less Claims Outstanding at the beginning of the year
	Gross Incurred Claims
	Add :Re-insurance accepted to direct claims	2046 810	4371 728	1351 176	4872 056
	Less :Re-insurance Ceded to claims paid	39 393	925 480	7 639	1734 859
	Net Claims Paid	2007 417	3446 248	1343 537	3137 197
	Add : Claims Outstanding at the end of the year	890 908	13743 428	43 107	10821 298
	Less: Claims Outstanding at the beginning of the year	0	11730 451	0	10601 263
	Total Claims Incurred	2898 325	5459 225	1386 644	3357 232


	TOTAL MARINE
	Claims paid
	Direct claims
	Add Claims Outstanding at the end of the year
	Less Claims Outstanding at the beginning of the year
	Gross Incurred Claims
	Add :Re-insurance accepted to direct claims	3319 396	7652 327	2113 780	6973 310
	Less :Re-insurance Ceded to claims paid	99 686	1151 546	20 869	1855 806
	Net Claims Paid	3219 710	6500 781	2092 911	5117 504
	Add : Claims Outstanding at the end of the year	970 710	21016 529	-149 055	17596 635
	Less: Claims Outstanding at the beginning of the year	0	17854 666	0	16500 575
	Total Claims Incurred	4190 420	9662 644	1943 856	6213 564


D	LIFE INSURANCE
	Claims paid
	Direct claims
	Add Claims Outstanding at the end of the year
	Less Claims Outstanding at the beginning of the year
	Gross Incurred Claims
	Add :Re-insurance accepted to direct claims	1612 006	4778 956	1225 007	3638 645
	Less :Re-insurance Ceded to claims paid	71 461	454 752	27 232	204 684
	Net Claims Paid	1540 545	4324 204	1197 775	3433 961
	Add : Claims Outstanding at the end of the year	51 768	4904 952	456 003	3664 711
	Less: Claims Outstanding at the beginning of the year	0	4242 699	0	3145 809
	Total Claims Incurred	1592 313	4986 457	1653 778	3952 863


E	TOTAL ALL CLASSES
	Claims paid
	Direct claims	5 750	5 750	0	0
	Add Claims Outstanding at the end of the year
	Less Claims Outstanding at the beginning of the year
	Gross Incurred Claims
	Add :Re-insurance accepted to direct claims	88515 541	242411 336	69585 660	235251 638
	Less :Re-insurance Ceded to claims paid	1200 577	9803 297	4599 766	10715 598
	Net Claims Paid	87320 714	232613 789	64985 894	224536 040
	Add : Claims Outstanding at the end of the year	-2454 054	584187 910	-6729 743	486784 940
	Less: Claims Outstanding at the beginning of the year	0	455317 299	0	411754 675
	Total Claims Incurred	84866 660	361484 400	58256 151	299566 305
			1		- 5