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 PERIOD ENDED 30.06.2020 | ||||||
FIRE INSURANCE BUSINESS | (Rs. '000) | |||||
PARTICULARS | SCHEDULE | For the Three Months ending 30.06.2020 | Upto Three Months Ending 30.06.2020 | For the Three Months ending 30.06.2019 | Upto Three Months Ending 30.06.2019 | |
1 | Premiums earned (Net) | NL-4-Premium Schedule | 30402 447 | 30402 447 | 25794 337 | 25794 337 |
2 | Profit on sale of Investments (Net) | 508 518 | 508 518 | 818 744 | 818 744 | |
3 | Profit/-Loss on Exchange Fluctuation | 253 859 | 253,859 | 148 221 | 148 221 | |
4 | Interest, Dividend & Rent - Gross | 1856 639 | 1856 639 | 1707 856 | 1707 856 | |
TOTAL (A) | 33021 463 | 33021 463 | 28469 158 | 28469 158 | ||
1 | Claims Incurred (Net) | NL-5-Claims Schedule | 32612 646 | 32612 646 | 18264 181 | 18264 181 |
2 | Commission (Net) | NL-6-Commission Schedule | 8622 746 | 8622 746 | 5842 800 | 5842 800 |
3 | Operating Expenses related to Insurance Business | NL-7-Operating Expenses Schedule | 173 517 | 173 517 | 110 409 | 110 409 |
4 | Expenses relating to Investments | 0 | 0 | 0 | 0 | |
5 | Premium Deficiency | 0 | 0 | 0 | 0 | |
TOTAL (B) | 41408 909 | 41408 909 | 24217 390 | 24217 390 | ||
Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B) | -8387 446 | -8387 446 | 4251 768 | 4251 768 | ||
APPROPRIATIONS | ||||||
Transfer to Shareholders’ Account | -8387 446 | -8387 446 | 4251 768 | 4251 768 | ||
Transfer to Catastrophe Reserve | ||||||
Transfer to Other Reserves (to be specified) | ||||||
TOTAL (C) | -8387 446 | -8387 446 | 4251 768 | 4251 768 | ||
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 30.06.2020 | Upto Three Months Ending 30.06.2020 | For the Three Months ending 30.06.2019 | Upto Three Months Ending 30.06.2019 | |
1 | Premiums earned (Net) | NL-4-Premium Schedule | 98967 129 | 98967 129 | 136944 530 | 136944 530 |
2 | Profit on sale of Investments (Net) | 1358 594 | 1358 594 | 2429 697 | 2429 697 | |
3 | Profit/-Loss on Exchange Fluctuation | 419 040 | 419,040 | 159 399 | 159 399 | |
4 | Interest, Dividend & Rent - Gross | 4960 331 | 4960 331 | 5068 218 | 5068 218 | |
TOTAL (A) | 105705 094 | 105705 094 | 144601 844 | 144601 844 | ||
1 | Claims Incurred (Net) | NL-5-Claims Schedule | 89112 182 | 89112 182 | 124523 848 | 124523 848 |
2 | Commission (Net) | NL-6-Commission Schedule | 16374 553 | 16374 553 | 21900 622 | 21900 622 |
3 | Operating Expenses related to Insurance Business | NL-7-Operating Expenses Schedule | 471 287 | 471 287 | 503 869 | 503 869 |
4 | Expenses relating to Investments | 0 | 0 | 0 | 0 | |
5 | Premium Deficiency | 0 | 0 | 0 | 0 | |
TOTAL (B) | 105958 022 | 105958 022 | 146928 339 | 146928 339 | ||
Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B) | (252 928) | (252 928) | -2326 495 | -2326 495 | ||
APPROPRIATIONS | ||||||
Transfer to Shareholders’ Account | (252 928) | (252 928) | -2326 495 | -2326 495 | ||
Transfer to Catastrophe Reserve | 0 | 0 | ||||
Transfer to Other Reserves (to be specified) | 0 | 0 | ||||
TOTAL (C) | (252 928) | (252 928) | -2326 495 | -2326 495 | ||
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 30.06.2020 | Upto Three Months Ending 30.06.2020 | For the Three Months ending 30.06.2019 | Upto Three Months Ending 30.06.2019 | |
1 | Premiums earned (Net) | NL-4-Premium Schedule | 4411 789 | 4411 789 | 3205 596 | 3205 596 |
2 | Profit on sale of Investments (Net) | 84 932 | 84 932 | 151 707 | 151 707 | |
3 | Profit/-Loss on Exchange Fluctuation | 26 195 | 26,195 | 10 187 | 10 187 | |
4 | Interest, Dividend & Rent - Gross | 310 093 | 310 093 | 316 452 | 316 452 | |
TOTAL (A) | 4833 009 | 4833 009 | 3683 942 | 3683 942 | ||
1 | Claims Incurred (Net) | NL-5-Claims Schedule | 4404 852 | 4404 852 | 2586 258 | 2586 258 |
2 | Commission (Net) | NL-6-Commission Schedule | 590 881 | 590 881 | 691 005 | 691 005 |
3 | Operating Expenses related to Insurance Business | NL-7-Operating Expenses Schedule | 19 396 | 19 396 | 14 739 | 14 739 |
4 | Expenses relating to Investments | 0 | 0 | 0 | 0 | |
5 | Premium Deficiency | 0 | 0 | 0 | 0 | |
TOTAL (B) | 5015 129 | 5015 129 | 3292 002 | 3292 002 | ||
Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B) | -182120 | -182120 | 391940 | 391940 | ||
APPROPRIATIONS | ||||||
Transfer to Shareholders’ Account | -182 120 | -182 120 | 391 940 | 391 940 | ||
Transfer to Catastrophe Reserve | ||||||
Transfer to Other Reserves (to be specified) | ||||||
TOTAL (C) | -182 120 | -182 120 | 391 940 | 391 940 | ||
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 | ||||||
PARTICULARS | SCHEDULE | For the Three Months ending 30.06.2020 | Upto Three Months Ending 30.06.2020 | For the Three Months ending 30.06.2019 | Upto Three Months Ending 30.06.2019 | |
1 | Premiums earned (Net) | NL-4-Premium Schedule | 2836 943 | 2836 943 | 1426 746 | 1426 746 |
2 | Profit on sale of Investments (Net) | 22 469 | 22 469 | 30 431 | 30 431 | |
3 | Profit/-Loss on Exchange Fluctuation | 6 930 | 6,930 | 1 977 | 1 977 | |
4 | Interest, Dividend & Rent - Gross | 82 038 | 82 038 | 63 477 | 63 477 | |
TOTAL (A) | 2948 380 | 2948 380 | 1522 631 | 1522 631 | ||
1 | Claims Incurred (Net) | NL-5-Claims Schedule | 2557 682 | 2557 682 | 1632 597 | 1632 597 |
2 | Commission (Net) | NL-6-Commission Schedule | 10 561 | 10 561 | 18 884 | 18 884 |
3 | Operating Expenses related to Insurance Business | NL-7-Operating Expenses Schedule | 12 344 | 12 344 | 5 663 | 5 663 |
4 | Expenses relating to Investments | 0 | 0 | 0 | 0 | |
5 | Premium Deficiency | 75 229 | 75 229 | 139 820 | 139 820 | |
TOTAL (B) | 2655 816 | 2655 816 | 1796 964 | 1796 964 | ||
Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B) | 292 564 | 292 564 | (274 333) | (274 333) | ||
APPROPRIATIONS | ||||||
Transfer to Shareholders’ Account | 292 564 | 292 564 | (274 333) | (274 333) | ||
Transfer to Catastrophe Reserve | ||||||
Transfer to Other Reserves (to be specified) | ||||||
TOTAL (C) | 292 564 | 292 564 | (274 333) | (274 333) | ||
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. | ||||||