NL-33 | |||||||
TABLE IB: AVAILABLE SOLVENCY MARGIN AND SOLVENCY RATIO AS AT 31 MARCH 2020 | |||||||
General Insurance Corporation of India | |||||||
Registration Number: 112 | |||||||
Date of Registration: 02-04-2001 | |||||||
Classification: Total Business | (Rs. in Lacs) | ||||||
Item | Description | Notes No. | Amount | ||||
(1) | (2) | (3) | (3) | ||||
A | Policy-holder's Funds | ||||||
Available Assets (as per IRDAI-GI-TA) | 82097 57.86 | ||||||
Deduct: | |||||||
B | Current liabilities as per BS | 57331 70.66 | |||||
C | Provision as per BS | 16827 18.44 | |||||
D | Other Liabilities | 4523 01.99 | |||||
E | Excess in Policyholders’ Funds (A-B-C-D) | 341566.76 | |||||
Shareholder's Funds | |||||||
F | Available Assets | 18487 25.71 | |||||
Deduct: | |||||||
G | Other Liabilities | 694 91.02 | |||||
H | Excess in Shareholders’ Funds (F-G) | 17792 34.69 | |||||
I | Total Available Solvency Margin [ASM] (E+H) | 21208 01.46 | |||||
J | Total Required Solvency Margin [RSM]# | 13885 31.17 | |||||
K | Solvency Ratio (Total ASM/Total RSM) | 1.53 | |||||
* Though Policyholder's fund is in minus,GIC Re has sufficient shareholder's funds to support and meet the liabilities,if required. | |||||||
# The above table includes the RSM for Life Re Rs.987,12.55 lakhs | |||||||