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 30.09.2020 | ||||||
FIRE INSURANCE BUSINESS | (` '000) | |||||
PARTICULARS | SCHEDULE | For the Three Months ending 30.09.2020 | Upto Six Months Ending 30.09.2020 | For the Three Months ending 30.09.2019 | Upto Six Months Ending 30.09.2019 | |
1 | Premiums earned (Net) | NL-4-Premium Schedule | 33339 431 | 63741 877 | 25681 443 | 51475 780 |
2 | Profit on sale of Investments (Net) | 3340 612 | 3849 130 | 1221 353 | 2040 097 | |
3 | Profit/-Loss on Exchange Fluctuation | -616 047 | (362 188) | 158 286 | 306 507 | |
4 | Interest, Dividend & Rent - Gross | 3121 061 | 4977 700 | 2518 531 | 4226 387 | |
TOTAL (A) | 39185 057 | 72206 519 | 29579 613 | 58048 771 | ||
1 | Claims Incurred (Net) | NL-5-Claims Schedule | 25866 845 | 58479 491 | 28156 008 | 46420 189 |
2 | Commission (Net) | NL-6-Commission Schedule | 9021 097 | 17643 843 | 10447 407 | 16290 207 |
3 | Operating Expenses related to Insurance Business | NL-7-Operating Expenses Schedule | 226 181 | 399 698 | 395 122 | 505 531 |
4 | Expenses relating to Investments | 0 | 0 | 0 | 0 | |
5 | Premium Deficiency | 0 | 0 | 0 | 0 | |
TOTAL (B) | 35114 123 | 76523 032 | 38998 537 | 63215 927 | ||
Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B) | 4070 934 | -4316 513 | -9418 924 | -5167 156 | ||
APPROPRIATIONS | ||||||
Transfer to Shareholders’ Account | 4070 934 | -4316 513 | -9418 924 | -5167 156 | ||
Transfer to Catastrophe Reserve | ||||||
Transfer to Other Reserves (to be specified) | ||||||
TOTAL (C) | 4070 934 | -4316 513 | -9418 924 | -5167 156 | ||
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 30.09.2020 | Upto Six Months Ending 30.09.2020 | For the Three Months ending 30.09.2019 | Upto Six Months Ending 30.09.2019 | |
1 | Premiums earned (Net) | NL-4-Premium Schedule | 53919 890 | 152887 019 | 88996 225 | 225940 755 |
2 | Profit on sale of Investments (Net) | 7447 287 | 8805 881 | 3157 849 | 5587 546 | |
3 | Profit/-Loss on Exchange Fluctuation | -1213 679 | (794 639) | 529 204 | 688 604 | |
4 | Interest, Dividend & Rent - Gross | 6427 445 | 11387 776 | 6507 278 | 11575 496 | |
TOTAL (A) | 66580 943 | 172286 037 | 99190 556 | 243792 401 | ||
1 | Claims Incurred (Net) | NL-5-Claims Schedule | 59732 488 | 148844 670 | 96807 337 | 221331 186 |
2 | Commission (Net) | NL-6-Commission Schedule | 7801 159 | 24175 712 | -23 406 | 21877 217 |
3 | Operating Expenses related to Insurance Business | NL-7-Operating Expenses Schedule | 284 358 | 755 645 | 1178 908 | 1682 778 |
4 | Expenses relating to Investments | 0 | 0 | 0 | 0 | |
5 | Premium Deficiency | 0 | 0 | 0 | 0 | |
TOTAL (B) | 67818 005 | 173776 027 | 97962 839 | 244891 181 | ||
Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B) | (1237 062) | (1489 990) | 1227 717 | -1098 780 | ||
APPROPRIATIONS | ||||||
Transfer to Shareholders’ Account | (1237 062) | (1489 990) | 1227 717 | -1098 780 | ||
Transfer to Catastrophe Reserve | 0 | 0 | ||||
Transfer to Other Reserves (to be specified) | 0 | 0 | ||||
TOTAL (C) | (1237 062) | (1489 990) | 1227 717 | -1098 780 | ||
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 30.09.2020 | Upto Six Months Ending 30.09.2020 | For the Three Months ending 30.09.2019 | Upto Six Months Ending 30.09.2019 | |
1 | Premiums earned (Net) | NL-4-Premium Schedule | 5116 005 | 9527 795 | 2470 819 | 5676 415 |
2 | Profit on sale of Investments (Net) | 641 593 | 726 525 | 226 923 | 378 630 | |
3 | Profit/-Loss on Exchange Fluctuation | -91 596 | (65 401) | 37 862 | 48 049 | |
4 | Interest, Dividend & Rent - Gross | 629 450 | 939 543 | 467 941 | 784 393 | |
TOTAL (A) | 6295 452 | 11128 462 | 3203 545 | 6887 487 | ||
1 | Claims Incurred (Net) | NL-5-Claims Schedule | 8063 109 | 12467 961 | 2885 966 | 5472 224 |
2 | Commission (Net) | NL-6-Commission Schedule | 1194 329 | 1785 210 | 776 918 | 1467 923 |
3 | Operating Expenses related to Insurance Business | NL-7-Operating Expenses Schedule | 31 287 | 50 683 | 47 247 | 61 986 |
4 | Expenses relating to Investments | 0 | 0 | 0 | 0 | |
5 | Premium Deficiency | 0 | 0 | 0 | 0 | |
TOTAL (B) | 9288 725 | 14303 854 | 3710 131 | 7002 133 | ||
Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B) | -2993273 | -3175392 | -506586 | -114646 | ||
APPROPRIATIONS | ||||||
Transfer to Shareholders’ Account | -2993 273 | -3175 392 | -506 586 | -114 646 | ||
Transfer to Catastrophe Reserve | ||||||
Transfer to Other Reserves (to be specified) | ||||||
TOTAL (C) | -2993 273 | -3175 392 | -506 586 | -114 646 | ||
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 30.09.2020 | Upto Six Months Ending 30.09.2020 | For the Three Months ending 30.09.2019 | Upto Six Months Ending 30.09.2019 | |
1 | Premiums earned (Net) | NL-4-Premium Schedule | 2538 203 | 5375 146 | 1962 153 | 3388 899 |
2 | Profit on sale of Investments (Net) | 151 372 | 173 841 | 58 656 | 89 087 | |
3 | Profit/-Loss on Exchange Fluctuation | -22 579 | (15 649) | 9 264 | 11 241 | |
4 | Interest, Dividend & Rent - Gross | 142 774 | 224 812 | 121 080 | 184 557 | |
TOTAL (A) | 2809 770 | 5758 150 | 2151 153 | 3673 784 | ||
1 | Claims Incurred (Net) | NL-5-Claims Schedule | 2236 221 | 4793 903 | 1761 547 | 3394 144 |
2 | Commission (Net) | NL-6-Commission Schedule | 65 945 | 76 507 | 30 776 | 49 660 |
3 | Operating Expenses related to Insurance Business | NL-7-Operating Expenses Schedule | 11 692 | 24 037 | 31 299 | 36 962 |
4 | Expenses relating to Investments | 0 | 0 | 0 | 0 | |
5 | Premium Deficiency | 28 457 | 103 686 | 348 049 | 487 869 | |
TOTAL (B) | 2342 315 | 4998 133 | 2171 671 | 3968 635 | ||
Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B) | 467 455 | 760 017 | (20 518) | (294 851) | ||
APPROPRIATIONS | ||||||
Transfer to Shareholders’ Account | 467 455 | 760 017 | (20 518) | (294 851) | ||
Transfer to Catastrophe Reserve | ||||||
Transfer to Other Reserves (to be specified) | ||||||
TOTAL (C) | 467 455 | 760 017 | (20 518) | (294 851) | ||
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. | ||||||