FORM NL-3-B-BS
Name of the Insurer:  GENERAL INSURANCE CORPORATION OF INDIA
Registration No.  112
Date of  Registration with the IRDAI : 2nd April, 2001
BALANCE SHEET  AS AT 31 MARCH 2020				( Rs. IN 000)
	PARTICULARS	SCHEDULE	As at 31.03.2020	As at 31.03.2019
	SOURCES OF FUNDS
	SHARE CAPITAL	NL-8-Share Capital Schedule	8772 000	8772 000
	SHARE APPLICATION MONEY PENDING ALLOTMENT
	RESERVES AND SURPLUS	NL-10-Reserves and Surplus Schedule	210457 631	224838 561
	Deferred Tax Liability		0	0
	FAIR VALUE CHANGE ACCOUNT
	Shareholders fund		32756 864	84079 838
	Policyholders fund		116207 292	220226 487
	BORROWINGS	NL-11-Borrowings Schedule	0	0
	TOTAL		368193 787	537916 886
	APPLICATION OF FUNDS
	INVESTMENTS- Shareholders	NL-12-Investment Schedule	157037 787	225377 444
	INVESTMENTS- Policyholders	NL-12-Investment Schedule	528220 442	570751 970
	LOANS	NL-13-Loans Schedule	2347 397	2579 189
	FIXED ASSETS	NL-14-Fixed Assets Schedule	1808 060	1966 904
	DEFERRED TAX ASSET		207 856	25 562
	CURRENT ASSETS
	Cash and Bank Balances	NL-15-Cash and bank balance Schedule	158537 841	128479 085
	Advances and Other Assets	NL-16-Advancxes and Other Assets Schedule	313802 615	259655 507
	Sub-Total (A)		472340 456	388134 592
	CURRENT LIABILITIES	NL-17-Current Liabilities Schedule	619127 147	508023 836
	PROVISIONS	NL-18-Provisions Schedule	174641 064	142894 939
	DEFERRED TAX LIABILITY
	Sub-Total (B)		793768 211	650918 775
	NET CURRENT ASSETS (C) = (A - B)		-321427 755	-262784 183
	MISCELLANEOUS EXPENDITURE (to the extent not written off or adjusted)	NL-19-Miscellaneous Expenditure Schedule
	DEBIT BALANCE IN PROFIT AND LOSS ACCOUNT
	TOTAL		368193 787	537916 886
CONTINGENT LIABILITIES
	Particulars		As at 31.03.2020	As at 31.03.2019
			(Rs.’000)	(Rs.’000)
1	Partly paid-up investments
2	Claims, other than against policies, not acknowledged as debts by the company		6186.114	11000
3	Underwriting commitments outstanding (in respect of shares and securities)
4	Guarantees given by or on behalf of the Company		33439903.0098905	27239159.5581028
5	Statutory demands/ liabilities in dispute, not provided for		113643530.62583	29930035.5645163
6	Reinsurance obligations to the extent not provided for in accounts
7	Others (to be specified) SEBI		1,085.60	126864
	TOTAL		147090 705	57307 059