FORM NL-1-B-RA

 

Name of the Insurer:  GENERAL INSURANCE CORPORATION OF INDIA   

 

Registration No.  112

 

Date of  Registration with the IRDAI : 2nd April, 2001

 

REVENUE ACCOUNT FOR THE YEAR ENDED 31.03.2020

 

FIRE INSURANCE BUSINESS

( Rs. IN 000)

 
 

PARTICULARS

SCHEDULE

For the  Three Months  ending 31.03.2020

For the Year ending 31.03.2020

For the  Three Months  ending 31.03.2019

For the Year ending 31.03.2019

 

1

Premiums earned (Net)

NL-4-Premium Schedule

21292 557

90568 870

20187 852

80367 690

 

2

Profit on sale of Investments (Net)

 

1732 560

6023 232

1437 435

5109 136

 

3

Profit/-Loss on Exchange Fluctuation

 

633 711

 1,108,278

-152 238

557 235

 

4

Interest, Dividend & Rent  - Gross

 

2089 279

8279 938

1940 514

7575 660

 
 

TOTAL (A)

 

25748 107

105980 318

23413 563

93609 721

 

1

Claims Incurred (Net)

NL-5-Claims Schedule

12991 783

81111 615

21516 780

82942 803

 

2

Commission (Net)

NL-6-Commission Schedule

5107 382

29350 085

5220 633

21763 124

 

3

Operating Expenses related to Insurance Business

NL-7-Operating Expenses Schedule

276 586

912 800

194 515

611 949

 

4

Expenses relating to Investments

 

 0

 0

 0

 0

 

5

Premium Deficiency

 

 0

 0

 0

 0

 
 

TOTAL  (B)

 

18375 751

111374 500

26931 928

105317 876

 
        
 

Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B)

 

7372 356

-5394 182

-3518 365

-11708 155

 
 

APPROPRIATIONS

      
 

Transfer to Shareholders’ Account

 

7372 356

-5394 182

-3518 365

-11708 155

 
 

Transfer to Catastrophe Reserve

      
 

Transfer to Other Reserves (to be specified)

      
 

TOTAL (C)

 

7372 356

-5394 182

-3518 365

-11708 155

 

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.

 
 
        
        

MISCELLANEOUS INSURANCE BUSINESS

 
 

PARTICULARS

SCHEDULE

For the  Three Months  ending 31.03.2020

For the Year ending 31.03.2020

For the  Three Months  ending 31.03.2019

For the Year ending 31.03.2019

 

1

Premiums earned (Net)

NL-4-Premium Schedule

47929 859

326924 651

25569 058

279417 110

 

2

Profit on sale of Investments (Net)

 

4370 076

16034 749

2913 961

12456 051

 

3

Profit/-Loss on Exchange Fluctuation

 

1742 056

 2,887,121

-396 095

1478 486

 

4

Interest, Dividend & Rent  - Gross

 

5212 439

22042 441

3824 694

18469 426

 
 

TOTAL (A)

 

59254 430

367888 962

31911 618

311821 073

 

1

Claims Incurred (Net)

NL-5-Claims Schedule

51157 230

329872 698

12344 437

240318 292

 

2

Commission (Net)

NL-6-Commission Schedule

8106 465

42372 916

4723 014

36460 623

 

3

Operating Expenses related to Insurance Business

NL-7-Operating Expenses Schedule

570 422

2625 883

441 984

1836 221

 

4

Expenses relating to Investments

 

 0

 0

 0

 0

 

5

Premium Deficiency

 

 0

 0

 0

 0

 
 

TOTAL  (B)

 

59834 117

374871 497

17509 435

278615 136

 
        
 

Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B)

 

 (579 687)

 (6982 535)

14402 183

33205 937

 
 

APPROPRIATIONS

      
 

Transfer to Shareholders’ Account

 

 (579 687)

 (6982 535)

14402 183

33205 937

 
 

Transfer to Catastrophe Reserve

  

0

 

0

 
 

Transfer to Other Reserves (to be specified)

  

 0

 

 0

 
 

TOTAL (C)

 

 (579 687)

 (6982 535)

14402 183

33205 937

 

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.

 
 
        
        

MARINE INSURANCE BUSINESS

 
 

PARTICULARS

SCHEDULE

For the  Three Months  ending 31.03.2020

For the Year ending 31.03.2020

For the  Three Months  ending 31.03.2019

For the Year ending 31.03.2019

 

1

Premiums earned (Net)

NL-4-Premium Schedule

5038 079

16043 131

3625 462

12145 987

 

2

Profit on sale of Investments (Net)

 

325 200

1087 250

279 732

921 974

 

3

Profit/-Loss on Exchange Fluctuation

 

121 020

 197,315

-16 662

109 503

 

4

Interest, Dividend & Rent  - Gross

 

395 108

1494 607

381 391

1367 072

 
 

TOTAL (A)

 

5879 407

18822 303

4269 923

14544 536

 

1

Claims Incurred (Net)

NL-5-Claims Schedule

1769 313

11431 957

1983 509

8197 073

 

2

Commission (Net)

NL-6-Commission Schedule

950 227

3262 323

518 408

2754 350

 

3

Operating Expenses related to Insurance Business

NL-7-Operating Expenses Schedule

43 668

123 975

24 505

83 479

 

4

Expenses relating to Investments

 

 0

 0

 0

 0

 

5

Premium Deficiency

 

 0

 0

 0

 0

 
 

TOTAL  (B)

 

2763 208

14818 255

2526 422

11034 902

 
        
 

Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B)

 

3116199

4004048

1743501

3509634

 
 

APPROPRIATIONS

      
 

Transfer to Shareholders’ Account

 

3116 199

4004 048

1743 501

3509 634

 
 

Transfer to Catastrophe Reserve

      
 

Transfer to Other Reserves (to be specified)

      
 

TOTAL (C)

 

3116 199

4004 048

1743 501

3509 634

 

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.

 
 
        
        

LIFE INSURANCE BUSINESS

       

aa

PARTICULARS

SCHEDULE

For the  Three Months  ending 31.03.2020

For the Year ending 31.03.2020

For the  Three Months  ending 31.03.2019

For the Year ending 31.03.2019

 

1

Premiums earned (Net)

NL-4-Premium Schedule

2427 167

7917 615

1180 487

4860 050

 

2

Profit on sale of Investments (Net)

 

94 118

262 707

61 035

172 152

 

3

Profit/-Loss on Exchange Fluctuation

 

30 787

 47,608

-1 393

16 546

 

4

Interest, Dividend & Rent  - Gross

 

117 891

361 135

84 725

255 262

 
 

TOTAL (A)

 

2669 963

8589 065

1324 854

5304 010

 

1

Claims Incurred (Net)

NL-5-Claims Schedule

2955 853

7942 310

1988 424

5941 287

 

2

Commission (Net)

NL-6-Commission Schedule

28 537

98 173

14 718

76 197

 

3

Operating Expenses related to Insurance Business

NL-7-Operating Expenses Schedule

23 625

67 465

9 651

28 904

 

4

Expenses relating to Investments

 

 0

 0

 0

 0

 

5

Premium Deficiency

 

-130 066

194 154

4 361

52 944

 
 

TOTAL  (B)

 

2877 949

8302 102

2017 154

6099 332

 
        
 

Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B)

 

-207 986

286 963

 (692 300)

 (795 322)

 
 

APPROPRIATIONS

      
 

Transfer to Shareholders’ Account

 

-207 986

286 963

 (692 300)

 (795 322)

 
 

Transfer to Catastrophe Reserve

      
 

Transfer to Other Reserves (to be specified)

      
 

TOTAL (C)

 

-207 986

286 963

 (692 300)

 (795 322)

 

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.