FORM NL-31: Related Party Transactions | |||||||
Insurer: General Insurance Corporation of India |
| Date: 30.06.2020 | |||||
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(Rs in Thousand) | |||||||
Sl.No. | Name of the Related Party | Nature of Relationship with the Company | Description of Transactions / Categories | Consideration paid / received* | |||
For the quarter 30.06.2020 | Up to the Quarter 30.06.2020 | Corresponding quarter of the preceding year 30.06.2019 | Up to the Quarter of the preceding year 30.06.2019 | ||||
1 | India International Pte Ltd. | Associate Company | Net Premiun - Net commission - Net Claims | -43,945.88 | -43,945.88 | 21,474.43 | 21,474.43 |
2 | GIC RE South Africa Ltd. | Subsidiary Company | Net Premiun - Net commission - Net Claims | 0.00 | 0.00 | -298,195.17 | -298,195.17 |
3 | GIC-Bhutan RE Ltd. | Associate Company | Net Premiun - Net commission - Net Claims | 9,255.24 | 9,255.24 | 9,290.62 | 9,290.62 |
4 | Agricultural Insurance Company of India Ltd | Associate Company | Net Premiun - Net commission - Net Claims | 20,225,493.18 | 20,225,493.18 | 20,886,528.60 | 20,886,528.60 |
5 | GIC RE INDIA CORPORATE MEMBER | Subsidiary Company | Net Premiun - Net commission - Net Claims | -1,696,393.09 | -1,696,393.09 | 1,162,026.16 | 1,162,026.16 |
6 | GIC Perestrakhovanie LLC | Subsidiary Company | Net Premiun - Net commission - Net Claims | 0.00 | 0.00 | 0.00 | 0.00 |
(-) indicates amount payable by GIC Re | |||||||