FORM NL-31: Related Party Transactions | ||||||||
Insurer: GIC Re |
| Date: 30.09.2020 |
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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 30.09.2020 | Up to the Quarter 30.09.2020 | Corresponding quarter of the preceding year 30.09.2019 | Up to the Quarter of the preceding year 30.09.2019 | |||||
1 | India International Pte LTD. | Associate Company | Net Premiun - Net commission - Net Claims | 64,615.80 | 20,326.96 | 13,585.28 | 35,024.46 | |
2 | GIC RE South Africa Ltd. | Subsidiary Company | Net Premiun - Net commission - Net Claims | 0.00 | 0.00 | 0.00 | -2,98,195.17 | |
3 | GIC-Bhutan RE Ltd. | Associate Company | Net Premiun - Net commission - Net Claims | 0.00 | 9,255.24 | 9,278.83 | 18,569.45 | |
4 | Agricultural Insurance Company of India Ltd | Associate Company | Net Premiun - Net commission - Net Claims | -2,07,69,044.89 | -5,43,551.71 | 48,03,241.00 | 2,56,89,769.60 | |
5 | GIC RE INDIA CORPORATE MEMBER | Subsidiary Company | Net Premiun - Net commission - Net Claims | 14,09,491.55 | -2,86,901.53 | 93,823.67 | 12,55,849.83 | |
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 | ||||||||