FORM NL-4-PREMIUM SCHEDULE | |||||
Name of the Insurer: GENERAL INSURANCE CORPORATION OF INDIA | |||||
PREMIUM EARNED [NET] | |||||
FOR THE YEAR ENDED 30.09.2020 | |||||
A | FIRE INSURANCE | (` '000) | |||
PARTICULARS | 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 | |
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 | 43772 251 | 83031 448 | 32563 034 | 63904 388 | |
Less : Premium on reinsurance ceded | 5291 824 | 11960 316 | 5681 772 | 10066 020 | |
Net Premium | 38480 425 | 71071 130 | 26881 261 | 53838 367 | |
Adjustment for change in reserve for unexpired risks | -5140 996 | -7329 253 | -1199 818 | -2362 587 | |
Premium Earned (Net) | 33339 429 | 63741 877 | 25681 443 | 51475 780 | |
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 | 25901 606 | 43163 974 | 26549 955 | 50168 632 | |
Less : Premium on reinsurance ceded | 320 252 | 1096 046 | 0 | 0 | |
Net Premium | 25581 354 | 42067 928 | 26549 955 | 50168 632 | |
Adjustment for change in reserve for unexpired risks | -3426 506 | -2534 014 | -1846 992 | -4658 888 | |
Premium Earned (Net) | 22154 848 | 39533 914 | 24702 963 | 45509 744 | |
(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 | 2660 274 | 6129 976 | 2950 116 | 5963 809 | |
Less : Premium on reinsurance ceded | 1434 139 | 3198 966 | 594 813 | 1460 172 | |
Net Premium | 1226 135 | 2931 010 | 2355 303 | 4503 637 | |
Adjustment for change in reserve for unexpired risks | 490 077 | 797 588 | -117 472 | -522 695 | |
Premium Earned (Net) | 1716 212 | 3728 598 | 2237 831 | 3980 942 | |
(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 | 3511 527 | 6964 700 | 2697 329 | 6260 428 | |
Less : Premium on reinsurance ceded | 553 043 | 1486 099 | 124 233 | 472 894 | |
Net Premium | 2958 484 | 5478 601 | 2573 096 | 5787 534 | |
Adjustment for change in reserve for unexpired risks | -201 154 | 190 014 | -86 983 | -641 661 | |
Premium Earned (Net) | 2757 330 | 5668 615 | 2486 113 | 5145 873 | |
(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 | 76 530 | 361 296 | 69 821 | 136 538 | |
Less : Premium on reinsurance ceded | 0 | 0 | 0 | 23 | |
Net Premium | 76 530 | 361 296 | 69 821 | 136 515 | |
Adjustment for change in reserve for unexpired risks | -3 133 | -111 936 | 35 433 | 49 731 | |
Premium Earned (Net) | 73 397 | 249 360 | 105 254 | 186 246 | |
(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 | 1169 547 | 3956 433 | 1705 395 | 3684 724 | |
Less : Premium on reinsurance ceded | 175 971 | 486 651 | 128 276 | 295 505 | |
Net Premium | 993 576 | 3469 782 | 1577 119 | 3389 219 | |
Adjustment for change in reserve for unexpired risks | 286 471 | -43 300 | -72 649 | -567 627 | |
Premium Earned (Net) | 1280 047 | 3426 482 | 1504 470 | 2821 592 | |
(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 | 2150 580 | 4186 558 | 1355 281 | 3485 168 | |
Less : Premium on reinsurance ceded | 2 590 | 2 591 | 0 | 1 171 | |
Net Premium | 2147 990 | 4183 967 | 1355 281 | 3483 997 | |
Adjustment for change in reserve for unexpired risks | -355 451 | -580 874 | -15 607 | 224 750 | |
Premium Earned (Net) | 1792 539 | 3603 093 | 1339 674 | 3708 747 | |
(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 | 23357 674 | 31792 357 | 5527 644 | 29553 836 | |
Less : Premium on reinsurance ceded | 3148 710 | 3317 514 | 0 | 0 | |
Net Premium | 20208 964 | 28474 843 | 5527 644 | 29553 836 | |
Adjustment for change in reserve for unexpired risks | -6005 174 | -6937 922 | 996 803 | 924 678 | |
Premium Earned (Net) | 14203 790 | 21536 921 | 6524 447 | 30478 514 | |
(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 | -9838 708 | 59993 665 | 10563 367 | 117327 327 | |
Less : Premium on reinsurance ceded | 6047 561 | 6200 271 | -993 863 | 3119 062 | |
Net Premium | -15886 269 | 53793 394 | 11557 230 | 114208 265 | |
Adjustment for change in reserve for unexpired risks | 23483 041 | 15426 497 | 36940 350 | 13116 920 | |
Premium Earned (Net) | 7596 772 | 69219 891 | 48497 580 | 127325 185 | |
(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 | 1500 308 | 4878 443 | 1874 278 | 5323 940 | |
Less : Premium on reinsurance ceded | 475 658 | 1419 598 | 439 256 | 599 256 | |
Net Premium | 1024 650 | 3458 845 | 1435 022 | 4724 684 | |
Adjustment for change in reserve for unexpired risks | 212 689 | 686 974 | -679 806 | 391 492 | |
Premium Earned (Net) | 1237 339 | 4145 819 | 755 216 | 5116 176 | |
(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 | 1168 583 | 1678 814 | 1046 609 | 1867 705 | |
Less : Premium on reinsurance ceded | 0 | 0 | 3 692 | 3 692 | |
Net Premium | 1168 583 | 1678 814 | 1042 917 | 1864 013 | |
Adjustment for change in reserve for unexpired risks | -60 969 | 95 512 | -200 239 | -196 275 | |
Premium Earned (Net) | 1107 614 | 1774 326 | 842 678 | 1667 738 | |
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 | 51657 921 | 163106 216 | 54339 795 | 223772 107 | |
Less : Premium on reinsurance ceded | 12157 924 | 17207 736 | 296 407 | 5951 775 | |
Net Premium | 39499 997 | 145898 480 | 54043 386 | 217820 330 | |
Adjustment for change in reserve for unexpired risks | 14419 891 | 6988 539 | 34952 838 | 8120 425 | |
Premium Earned (Net) | 53919 888 | 152887 019 | 88996 224 | 225940 755 | |
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 | 3929 436 | 7521 637 | 2792 395 | 4966 009 | |
Less : Premium on reinsurance ceded | 305 969 | 634 574 | 235 494 | 472 699 | |
Net Premium | 3623 467 | 6887 063 | 2556 901 | 4493 310 | |
Adjustment for change in reserve for unexpired risks | -526 257 | -1182 607 | -613 540 | -927 099 | |
Premium Earned (Net) | 3097 210 | 5704 456 | 1943 361 | 3566 211 | |
(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 | 4610 741 | 5768 827 | 2017 251 | 4992 665 | |
Less : Premium on reinsurance ceded | 215 881 | 607 287 | 292 508 | 1476 054 | |
Net Premium | 4394 860 | 5161 540 | 1724 743 | 3516 611 | |
Adjustment for change in reserve for unexpired risks | -2376 064 | -1338 202 | -1197 285 | -1406 406 | |
Premium Earned (Net) | 2018 796 | 3823 338 | 527 458 | 2110 205 | |
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 | 8540 177 | 13290 464 | 4809 646 | 9958 674 | |
Less : Premium on reinsurance ceded | 521 850 | 1241 861 | 528 002 | 1948 753 | |
Net Premium | 8018 328 | 12048 604 | 4281 643 | 8009 920 | |
Adjustment for change in reserve for unexpired risks | -2902 321 | -2520 809 | -1810 825 | -2333 505 | |
Premium Earned (Net) | 5116 007 | 9527 795 | 2470 818 | 5676 415 | |
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 | 2544 637 | 5902 334 | 2879 560 | 5088 115 | |
Less : Premium on reinsurance ceded | 82 672 | 207 044 | 98 928 | 329 177 | |
Net Premium | 2461 965 | 5695 290 | 2780 632 | 4758 938 | |
Adjustment for change in reserve for unexpired risks | 76 238 | -320 144 | -818 479 | -1370 039 | |
Premium Earned (Net) | 2538 203 | 5375 146 | 1962 153 | 3388 899 | |
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 | 106514 986 | 265330 462 | 94592 035 | 302723 284 | |
Less : Premium on reinsurance ceded | 18054 270 | 30616 957 | 6605 109 | 18295 725 | |
Net Premium | 88460 716 | 234713 505 | 87986 926 | 284427 559 | |
Adjustment for change in reserve for unexpired risks | 6452 812 | -3181 667 | 31123 716 | 2054 294 | |
Premium Earned (Net) | 94913 528 | 231531 838 | 119110 642 | 286481 853 | |