| FORM NL-4-PREMIUM SCHEDULE | |||||
| Name of the Insurer: GENERAL INSURANCE CORPORATION OF INDIA | |||||
| PREMIUM EARNED [NET] | |||||
| FOR THE YEAR ENDED 31.03.2020 | |||||
| A | FIRE INSURANCE | ( Rs. IN 000) | |||
| PARTICULARS | 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 | |
| Premium from direct business written | 0 | 0 | 0 | 0 | |
| Service Tax | |||||
| Adjustment for change in reserve for unexpired risks | |||||
| Gross Earned Premium | |||||
| Add: Premium on reinsurance accepted | 30122 648 | 120269 667 | 27283 403 | 103125 456 | |
| Less : Premium on reinsurance ceded | 4966 979 | 17892 057 | 7584 233 | 22654 049 | |
| Net Premium | 25155 669 | 102377 610 | 19699 170 | 80471 407 | |
| Adjustment for change in reserve for unexpired risks | -3863 110 | -11808 738 | 488 683 | -103 716 | |
| Premium Earned (Net) | 21292 559 | 90568 872 | 20187 853 | 80367 691 | |
| B | MISCELLANEOUS INSURANCE | ||||
| (1) | MOTOR | ||||
| Premium from direct business written | 0 | 0 | 0 | 0 | |
| Service Tax | |||||
| Adjustment for change in reserve for unexpired risks | |||||
| Gross Earned Premium | |||||
| Add: Premium on reinsurance accepted | 21214 443 | 94400 056 | 20651 354 | 83496 777 | |
| Less : Premium on reinsurance ceded | 0 | 0 | 0 | 62 | |
| Net Premium | 21214 443 | 94400 056 | 20651 354 | 83496 715 | |
| Adjustment for change in reserve for unexpired risks | -1864 366 | -7906 603 | 391 679 | -441 562 | |
| Premium Earned (Net) | 19350 077 | 86493 453 | 21043 033 | 83055 153 | |
| (2) | AVIATION | ||||
| Premium from direct business written | 0 | 0 | 0 | 0 | |
| Service Tax | |||||
| Adjustment for change in reserve for unexpired risks | |||||
| Gross Earned Premium | |||||
| Add: Premium on reinsurance accepted | 4753 263 | 15665 419 | 3007 591 | 11366 515 | |
| Less : Premium on reinsurance ceded | 1167 612 | 3576 560 | 919 645 | 2334 477 | |
| Net Premium | 3585 651 | 12088 859 | 2087 946 | 9032 038 | |
| Adjustment for change in reserve for unexpired risks | -820 654 | -1669 878 | -222 416 | -1306 436 | |
| Premium Earned (Net) | 2764 997 | 10418 981 | 1865 530 | 7725 602 | |
| (3) | ENGINEERING | ||||
| Premium from direct business written | 0 | 0 | 0 | 0 | |
| Service Tax | |||||
| Adjustment for change in reserve for unexpired risks | |||||
| Gross Earned Premium | |||||
| Add: Premium on reinsurance accepted | 2744 296 | 12237 820 | 1972 376 | 10272 072 | |
| Less : Premium on reinsurance ceded | 321 776 | 1271 520 | 261 271 | 1531 723 | |
| Net Premium | 2422 520 | 10966 300 | 1711 105 | 8740 349 | |
| Adjustment for change in reserve for unexpired risks | -409 708 | -1173 297 | 519 646 | 503 962 | |
| Premium Earned (Net) | 2012 812 | 9793 003 | 2230 751 | 9244 311 | |
| (4) | W.C. | ||||
| Premium from direct business written | 0 | 0 | 0 | 0 | |
| Service Tax | |||||
| Adjustment for change in reserve for unexpired risks | |||||
| Gross Earned Premium | |||||
| Add: Premium on reinsurance accepted | -7 884 | 203 675 | 30 621 | 489 191 | |
| Less : Premium on reinsurance ceded | 22 | 45 | 47 | 73 | |
| Net Premium | -7 906 | 203 630 | 30 574 | 489 118 | |
| Adjustment for change in reserve for unexpired risks | 15 416 | 141 008 | 19 664 | -58 136 | |
| Premium Earned (Net) | 7 510 | 344 638 | 50 238 | 430 982 | |
| (5) | Liability | ||||
| Premium from direct business written | 0 | 0 | 0 | 0 | |
| Service Tax | |||||
| Adjustment for change in reserve for unexpired risks | |||||
| Gross Earned Premium | |||||
| Add: Premium on reinsurance accepted | 1649 876 | 7343 380 | 2048 319 | 6390 975 | |
| Less : Premium on reinsurance ceded | 109 021 | 482 411 | 639 468 | 1751 502 | |
| Net Premium | 1540 855 | 6860 969 | 1408 851 | 4639 473 | |
| Adjustment for change in reserve for unexpired risks | -65 317 | -1317 926 | -471 427 | -891 395 | |
| Premium Earned (Net) | 1475 538 | 5543 043 | 937 424 | 3748 078 | |
| (6) | PA | ||||
| Premium from direct business written | 0 | 0 | 0 | 0 | |
| Service Tax | |||||
| Adjustment for change in reserve for unexpired risks | |||||
| Gross Earned Premium | |||||
| Add: Premium on reinsurance accepted | 2390 252 | 7992 050 | 1609 761 | 7239 068 | |
| Less : Premium on reinsurance ceded | 978 | 2 410 | 3 679 | 4 630 | |
| Net Premium | 2389 274 | 7989 640 | 1606 082 | 7234 438 | |
| Adjustment for change in reserve for unexpired risks | -458 463 | -345 675 | 105 210 | -580 126 | |
| Premium Earned (Net) | 1930 811 | 7643 965 | 1711 292 | 6654 312 | |
| (7) | Health | ||||
| Premium from direct business written | 0 | 0 | 0 | 0 | |
| Service Tax | |||||
| Adjustment for change in reserve for unexpired risks | |||||
| Gross Earned Premium | |||||
| Add: Premium on reinsurance accepted | 11530 972 | 55885 031 | 10113 418 | 51472 447 | |
| Less : Premium on reinsurance ceded | 0 | 416 586 | 309 028 | 309 028 | |
| Net Premium | 11530 972 | 55468 445 | 9804 390 | 51163 419 | |
| Adjustment for change in reserve for unexpired risks | 155 441 | 2504 147 | -1280 920 | -4494 605 | |
| Premium Earned (Net) | 11686 413 | 57972 592 | 8523 470 | 46668 814 | |
| (8) | Agriculture | ||||
| Premium from direct business written | 0 | 0 | 0 | 0 | |
| Service Tax | |||||
| Adjustment for change in reserve for unexpired risks | |||||
| Gross Earned Premium | |||||
| Add: Premium on reinsurance accepted | 6345 082 | 154700 693 | 4199 370 | 132891 187 | |
| Less : Premium on reinsurance ceded | -15 870 | 14896 427 | 12194 445 | 18711 893 | |
| Net Premium | 6360 955 | 139804 266 | -7995 075 | 114179 294 | |
| Adjustment for change in reserve for unexpired risks | -113 157 | -1420 354 | -3482 791 | -1296 327 | |
| Premium Earned (Net) | 6247 798 | 138383 912 | -11477 866 | 112882 967 | |
| (9) | Oth. Misc. | ||||
| Premium from direct business written | 0 | 0 | 0 | 0 | |
| Service Tax | |||||
| Adjustment for change in reserve for unexpired risks | |||||
| Gross Earned Premium | |||||
| Add: Premium on reinsurance accepted | 1734 495 | 8048 147 | 2597 267 | 9203 631 | |
| Less : Premium on reinsurance ceded | 349 346 | 1382 561 | 108 379 | 1145 618 | |
| Net Premium | 1385 149 | 6665 586 | 2488 888 | 8058 013 | |
| Adjustment for change in reserve for unexpired risks | 465 539 | 613 917 | -2619 551 | -1562 829 | |
| Premium Earned (Net) | 1850 688 | 7279 503 | -130 663 | 6495 184 | |
| (10) | FL/Credit | ||||
| Premium from direct business written | 0 | 0 | 0 | 0 | |
| Service Tax | |||||
| Adjustment for change in reserve for unexpired risks | |||||
| Gross Earned Premium | |||||
| Add: Premium on reinsurance accepted | 359 844 | 2906 719 | 849 363 | 3263 446 | |
| Less : Premium on reinsurance ceded | 0 | 3 692 | 0 | 58 497 | |
| Net Premium | 359 844 | 2903 027 | 849 363 | 3204 949 | |
| Adjustment for change in reserve for unexpired risks | 243 371 | 148 533 | -33 516 | -693 242 | |
| Premium Earned (Net) | 603 215 | 3051 560 | 815 847 | 2511 707 | |
| TOTAL MISCELLANEOUS | |||||
| Premium from direct business written | 0 | 0 | 0 | 0 | |
| Service Tax | |||||
| Adjustment for change in reserve for unexpired risks | |||||
| Gross Earned Premium | |||||
| Add: Premium on reinsurance accepted | 52714 640 | 359382 991 | 47079 438 | 316085 307 | |
| Less : Premium on reinsurance ceded | 1932 885 | 22032 212 | 14435 962 | 25847 503 | |
| Net Premium | 50781 758 | 337350 779 | 32643 476 | 290237 804 | |
| Adjustment for change in reserve for unexpired risks | -2851 898 | -10426 128 | -7074 422 | -10820 696 | |
| Premium Earned (Net) | 47929 860 | 326924 651 | 25569 054 | 279417 108 | |
| C | MARINE INSURANCE | ||||
| (1) | MARINE CARGO | ||||
| Premium from direct business written | 0 | 0 | 0 | 0 | |
| Service Tax | |||||
| Adjustment for change in reserve for unexpired risks | |||||
| Gross Earned Premium | |||||
| Add: Premium on reinsurance accepted | 3812 058 | 11303 107 | 2196 711 | 7449 466 | |
| Less : Premium on reinsurance ceded | 349 126 | 1078 393 | 498 420 | 1267 666 | |
| Net Premium | 3462 932 | 10224 714 | 1698 291 | 6181 800 | |
| Adjustment for change in reserve for unexpired risks | -897 250 | -2052 107 | -329 762 | -1259 504 | |
| Premium Earned (Net) | 2565 682 | 8172 607 | 1368 529 | 4922 296 | |
| (2) | MARINE HULL | ||||
| Premium from direct business written | 0 | 0 | 0 | 0 | |
| Service Tax | |||||
| Adjustment for change in reserve for unexpired risks | |||||
| Gross Earned Premium | |||||
| Add: Premium on reinsurance accepted | 2831 085 | 9789 868 | 3003 836 | 10278 704 | |
| Less : Premium on reinsurance ceded | 434 818 | 2201 951 | 445 214 | 2262 538 | |
| Net Premium | 2396 267 | 7587 917 | 2558 622 | 8016 166 | |
| Adjustment for change in reserve for unexpired risks | 76 129 | 282 607 | -301 688 | -792 474 | |
| Premium Earned (Net) | 2472 396 | 7870 524 | 2256 934 | 7223 692 | |
| TOTAL MARINE | |||||
| Premium from direct business written | 0 | 0 | 0 | 0 | |
| Service Tax | |||||
| Adjustment for change in reserve for unexpired risks | |||||
| Gross Earned Premium | |||||
| Add: Premium on reinsurance accepted | 6643 143 | 21092 975 | 5200 547 | 17728 170 | |
| Less : Premium on reinsurance ceded | 783 944 | 3280 344 | 943 634 | 3530 204 | |
| Net Premium | 5859 199 | 17812 631 | 4256 913 | 14197 966 | |
| Adjustment for change in reserve for unexpired risks | -821 121 | -1769 500 | -631 450 | -2051 978 | |
| Premium Earned (Net) | 5038 078 | 16043 131 | 3625 463 | 12145 988 | |
| D | LIFE INSURANCE | ||||
| Premium from direct business written | 0 | 0 | 0 | 0 | |
| Service Tax | |||||
| Adjustment for change in reserve for unexpired risks | |||||
| Gross Earned Premium | |||||
| Add: Premium on reinsurance accepted | 2697 976 | 9555 658 | 1330 064 | 5441 016 | |
| Less : Premium on reinsurance ceded | 95 702 | 542 573 | 181 806 | 388 487 | |
| Net Premium | 2602 274 | 9013 085 | 1148 258 | 5052 529 | |
| Adjustment for change in reserve for unexpired risks | -175 107 | -1095 471 | 32 231 | -192 479 | |
| Premium Earned (Net) | 2427 167 | 7917 614 | 1180 489 | 4860 050 | |
| E | TOTAL ALL CLASSES | ||||
| Premium from direct business written | 0 | 0 | 0 | 0 | |
| Service Tax | |||||
| Adjustment for change in reserve for unexpired risks | |||||
| Gross Earned Premium | |||||
| Add: Premium on reinsurance accepted | 92178 407 | 510301 291 | 80893 452 | 442379 949 | |
| Less : Premium on reinsurance ceded | 7779 510 | 43747 186 | 23145 635 | 52420 243 | |
| Net Premium | 84398 900 | 466554 105 | 57747 817 | 389959 706 | |
| Adjustment for change in reserve for unexpired risks | -7711 236 | -25099 837 | -7184 958 | -13168 869 | |
| Premium Earned (Net) | 76687 664 | 441454 268 | 50562 859 | 376790 837 | |
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