FORM NL-5 - CLAIMS SCHEDULE | |||||
Name of the Insurer: GENERAL INSURANCE CORPORATION OF INDIA | |||||
CLAIMS INCURRED [NET] | |||||
FOR THE YEAR ENDED 30.09.2020 | |||||
(` '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 | |
A | FIRE INSURANCE | ||||
Claims paid | |||||
Direct claims | |||||
Add Claims Outstanding at the end of the year | |||||
Less Claims Outstanding at the beginning of the year | |||||
Gross Incurred Claims | |||||
Add :Re-insurance accepted to direct claims | 20492 082 | 35393 904 | 16207 592 | 34011 823 | |
Less :Re-insurance Ceded to claims paid | 3197 084 | 3627 551 | 1776 207 | 5173 569 | |
Net Claims Paid | 17294 998 | 31766 353 | 14431 385 | 28838 254 | |
Add : Claims Outstanding at the end of the year | 8571 847 | 166390 784 | 13724 622 | 141847 234 | |
Less: Claims Outstanding at the beginning of the year | 0 | 139677 646 | 0 | 124265 299 | |
Total Claims Incurred | 25866 845 | 58479 491 | 28156 007 | 46420 189 | |
B | MISCELLANEOUS INSURANCE | ||||
(1) | MOTOR | ||||
Claims paid | |||||
Direct claims | |||||
Add Claims Outstanding at the end of the year | |||||
Less Claims Outstanding at the beginning of the year | |||||
Gross Incurred Claims | |||||
Add :Re-insurance accepted to direct claims | 11125 369 | 25071 255 | 14274 635 | 25481 580 | |
Less :Re-insurance Ceded to claims paid | 226 795 | -271 533 | 0 | 0 | |
Net Claims Paid | 10898 574 | 25342 788 | 14274 635 | 25481 580 | |
Add : Claims Outstanding at the end of the year | 5706 196 | 149952 978 | 3618 118 | 133962 630 | |
Less: Claims Outstanding at the beginning of the year | 0 | 143935 246 | 0 | 119087 988 | |
Total Claims Incurred | 16604 770 | 31360 520 | 17892 753 | 40356 222 | |
(2) | AVIATION | ||||
Claims paid | |||||
Direct claims | 4 431 | 4 431 | 0 | 0 | |
Add Claims Outstanding at the end of the year | |||||
Less Claims Outstanding at the beginning of the year | |||||
Gross Incurred Claims | |||||
Add :Re-insurance accepted to direct claims | 3692 375 | 5399 294 | 2052 614 | 5280 634 | |
Less :Re-insurance Ceded to claims paid | 512 242 | 1009 264 | 201 043 | 1031 709 | |
Net Claims Paid | 3184 564 | 4394 461 | 1851 571 | 4248 925 | |
Add : Claims Outstanding at the end of the year | -59 936 | 15635 017 | 711 906 | 12307 873 | |
Less: Claims Outstanding at the beginning of the year | 0 | 14995 311 | 0 | 11137 632 | |
Total Claims Incurred | 3124 628 | 5034 167 | 2563 477 | 5419 166 | |
(3) | ENGINEERING | ||||
Claims paid | |||||
Direct claims | |||||
Add Claims Outstanding at the end of the year | |||||
Less Claims Outstanding at the beginning of the year | |||||
Gross Incurred Claims | |||||
Add :Re-insurance accepted to direct claims | 1554 148 | 3279 021 | 1105 983 | 2552 282 | |
Less :Re-insurance Ceded to claims paid | 30 536 | -54 557 | 57 997 | 75 006 | |
Net Claims Paid | 1523 612 | 3333 578 | 1047 986 | 2477 276 | |
Add : Claims Outstanding at the end of the year | 1529 061 | 22446 084 | 2307 855 | 20731 878 | |
Less: Claims Outstanding at the beginning of the year | 0 | 22213 251 | 0 | 17733 208 | |
Total Claims Incurred | 3052 673 | 3566 411 | 3355 841 | 5475 946 | |
(4) | WC | ||||
Claims paid | |||||
Direct claims | |||||
Add Claims Outstanding at the end of the year | |||||
Less Claims Outstanding at the beginning of the year | |||||
Gross Incurred Claims | |||||
Add :Re-insurance accepted to direct claims | 23 075 | 76 785 | 41 876 | 71 365 | |
Less :Re-insurance Ceded to claims paid | 0 | 0 | 0 | 0 | |
Net Claims Paid | 23 075 | 76 785 | 41 876 | 71 365 | |
Add : Claims Outstanding at the end of the year | 16 298 | 893 163 | 88 694 | 762 717 | |
Less: Claims Outstanding at the beginning of the year | 0 | 812 377 | 0 | 655 257 | |
Total Claims Incurred | 39 373 | 157 571 | 130 570 | 178 825 | |
(5) | Liability | ||||
Claims paid | |||||
Direct claims | |||||
Add Claims Outstanding at the end of the year | |||||
Less Claims Outstanding at the beginning of the year | |||||
Gross Incurred Claims | |||||
Add :Re-insurance accepted to direct claims | 397 989 | 696 553 | 266 341 | 429 218 | |
Less :Re-insurance Ceded to claims paid | -48 583 | 8 616 | 35 | 8 342 | |
Net Claims Paid | 446 572 | 687 937 | 266 306 | 420 876 | |
Add : Claims Outstanding at the end of the year | 217 728 | 9501 562 | 896 524 | 6357 337 | |
Less: Claims Outstanding at the beginning of the year | 0 | 8036 253 | 0 | 4769 475 | |
Total Claims Incurred | 664 300 | 2153 246 | 1162 830 | 2008 738 | |
(6) | PA | ||||
Claims paid | |||||
Direct claims | |||||
Add Claims Outstanding at the end of the year | |||||
Less Claims Outstanding at the beginning of the year | |||||
Gross Incurred Claims | |||||
Add :Re-insurance accepted to direct claims | 985 855 | 2152 252 | 402 037 | 1721 366 | |
Less :Re-insurance Ceded to claims paid | 0 | 0 | 0 | 0 | |
Net Claims Paid | 985 855 | 2152 252 | 402 037 | 1721 366 | |
Add : Claims Outstanding at the end of the year | 838 264 | 8757 928 | 546 370 | 7138 412 | |
Less: Claims Outstanding at the beginning of the year | 0 | 7555 901 | 0 | 5945 650 | |
Total Claims Incurred | 1824 119 | 3354 279 | 948 407 | 2914 128 | |
(7) | Health | ||||
Claims paid | |||||
Direct claims | |||||
Add Claims Outstanding at the end of the year | |||||
Less Claims Outstanding at the beginning of the year | |||||
Gross Incurred Claims | |||||
Add :Re-insurance accepted to direct claims | 13656 292 | 21732 473 | 6911 573 | 17788 629 | |
Less :Re-insurance Ceded to claims paid | 3647 668 | 3786 346 | 0 | 0 | |
Net Claims Paid | 10008 624 | 17946 127 | 6911 573 | 17788 629 | |
Add : Claims Outstanding at the end of the year | 4315 628 | 38998 494 | 9277 508 | 33862 837 | |
Less: Claims Outstanding at the beginning of the year | 238 | 35261 292 | 0 | 20178 545 | |
Total Claims Incurred | 14324 014 | 21683 329 | 16189 081 | 31472 921 | |
(8) | Agriculture | ||||
Claims paid | |||||
Direct claims | |||||
Add Claims Outstanding at the end of the year | |||||
Less Claims Outstanding at the beginning of the year | |||||
Gross Incurred Claims | |||||
Add :Re-insurance accepted to direct claims | 64638 920 | 76827 843 | 33698 923 | 56174 429 | |
Less :Re-insurance Ceded to claims paid | 411 579 | 431 325 | 190 286 | 250 584 | |
Net Claims Paid | 64227 341 | 76396 518 | 33508 637 | 55923 845 | |
Add : Claims Outstanding at the end of the year | -46849 713 | 155247 691 | 20317 104 | 184533 778 | |
Less: Claims Outstanding at the beginning of the year | 0 | 159349 639 | 0 | 112451 396 | |
Total Claims Incurred | 17377 628 | 72294 570 | 53825 741 | 128006 227 | |
(9) | Oth. Misc. | ||||
Claims paid | |||||
Direct claims | |||||
Add Claims Outstanding at the end of the year | |||||
Less Claims Outstanding at the beginning of the year | |||||
Gross Incurred Claims | |||||
Add :Re-insurance accepted to direct claims | 2208 069 | 3265 924 | 345 871 | 2001 582 | |
Less :Re-insurance Ceded to claims paid | 233 395 | 190 983 | 492 250 | 611 952 | |
Net Claims Paid | 1974 674 | 3074 941 | -146 379 | 1389 630 | |
Add : Claims Outstanding at the end of the year | 919 008 | 11395 649 | -629 648 | 10867 974 | |
Less: Claims Outstanding at the beginning of the year | 0 | 5311 910 | 0 | 8811 750 | |
Total Claims Incurred | 2893 682 | 9158 680 | -776 027 | 3445 854 | |
(10) | FL/Credit | ||||
Claims paid | |||||
Direct claims | |||||
Add Claims Outstanding at the end of the year | |||||
Less Claims Outstanding at the beginning of the year | |||||
Gross Incurred Claims | |||||
Add :Re-insurance accepted to direct claims | 148 884 | 461 541 | 622 823 | 883 006 | |
Less :Re-insurance Ceded to claims paid | 0 | 0 | 16 407 | 16 407 | |
Net Claims Paid | 148 884 | 461 541 | 606 416 | 866 599 | |
Add : Claims Outstanding at the end of the year | -321 581 | 9051 981 | 908 249 | 9370 291 | |
Less: Claims Outstanding at the beginning of the year | 0 | 9431 623 | 0 | 8183 734 | |
Total Claims Incurred | -172 697 | 81 899 | 1514 665 | 2053 156 | |
TOTAL MISCELLANEOUS | |||||
Claims paid | |||||
Direct claims | 4 431 | 4 431 | 0 | 0 | |
Add Claims Outstanding at the end of the year | |||||
Less Claims Outstanding at the beginning of the year | |||||
Gross Incurred Claims | |||||
Add :Re-insurance accepted to direct claims | 98430 976 | 138962 941 | 59722 676 | 112384 091 | |
Less :Re-insurance Ceded to claims paid | 5013 632 | 5100 444 | 958 018 | 1994 000 | |
Net Claims Paid | 93421 775 | 133866 928 | 58764 661 | 110390 094 | |
Add : Claims Outstanding at the end of the year | -33689 049 | 421880 545 | 38042 680 | 419895 727 | |
Less: Claims Outstanding at the beginning of the year | 238 | 406902 803 | 0 | 308954 635 | |
Total Claims Incurred | 59732 488 | 148844 670 | 96807 341 | 221331 186 | |
C | MARINE INSURANCE | ||||
(1) | MARINE CARGO | ||||
Claims paid | |||||
Direct claims | |||||
Add Claims Outstanding at the end of the year | |||||
Less Claims Outstanding at the beginning of the year | |||||
Gross Incurred Claims | |||||
Add :Re-insurance accepted to direct claims | 2157 157 | 3772 230 | 1055 272 | 2008 013 | |
Less :Re-insurance Ceded to claims paid | 250 928 | 318 050 | 41 175 | 165 773 | |
Net Claims Paid | 1906 229 | 3454 180 | 1014 097 | 1842 240 | |
Add : Claims Outstanding at the end of the year | 1320 402 | 8803 474 | 999 169 | 7193 299 | |
Less: Claims Outstanding at the beginning of the year | 0 | 6816 985 | 0 | 6124 214 | |
Total Claims Incurred | 3226 631 | 5440 669 | 2013 266 | 2911 325 | |
(2) | MARINE HULL | ||||
Claims paid | |||||
Direct claims | |||||
Add Claims Outstanding at the end of the year | |||||
Less Claims Outstanding at the beginning of the year | |||||
Gross Incurred Claims | |||||
Add :Re-insurance accepted to direct claims | 2012 247 | 3580 173 | 944 918 | 2324 918 | |
Less :Re-insurance Ceded to claims paid | 73 809 | 33 482 | 82 031 | 886 087 | |
Net Claims Paid | 1938 438 | 3546 691 | 862 887 | 1438 831 | |
Add : Claims Outstanding at the end of the year | 2898 038 | 17671 027 | 9 813 | 12852 520 | |
Less: Claims Outstanding at the beginning of the year | 0 | 14190 427 | 0 | 11730 451 | |
Total Claims Incurred | 4836 476 | 7027 291 | 872 700 | 2560 900 | |
TOTAL MARINE | |||||
Claims paid | |||||
Direct claims | |||||
Add Claims Outstanding at the end of the year | |||||
Less Claims Outstanding at the beginning of the year | |||||
Gross Incurred Claims | |||||
Add :Re-insurance accepted to direct claims | 4169 404 | 7352 403 | 2000 190 | 4332 931 | |
Less :Re-insurance Ceded to claims paid | 324 737 | 351 532 | 123 206 | 1051 860 | |
Net Claims Paid | 3844 667 | 7000 871 | 1876 984 | 3281 071 | |
Add : Claims Outstanding at the end of the year | 4218 440 | 26474 501 | 1008 981 | 20045 818 | |
Less: Claims Outstanding at the beginning of the year | 0 | 21007 412 | 0 | 17854 665 | |
Total Claims Incurred | 8063 107 | 12467 960 | 2885 965 | 5472 224 | |
D | LIFE INSURANCE | ||||
Claims paid | |||||
Direct claims | |||||
Add Claims Outstanding at the end of the year | |||||
Less Claims Outstanding at the beginning of the year | |||||
Gross Incurred Claims | |||||
Add :Re-insurance accepted to direct claims | 1414 531 | 3540 821 | 1308 322 | 3166 950 | |
Less :Re-insurance Ceded to claims paid | 54 484 | 156 650 | 105 829 | 383 291 | |
Net Claims Paid | 1360 047 | 3384 171 | 1202 493 | 2783 659 | |
Add : Claims Outstanding at the end of the year | 876 176 | 7139 175 | 559 055 | 4853 184 | |
Less: Claims Outstanding at the beginning of the year | 0 | 5729 442 | 0 | 4242 699 | |
Total Claims Incurred | 2236 223 | 4793 904 | 1761 548 | 3394 144 | |
E | TOTAL ALL CLASSES | ||||
Claims paid | |||||
Direct claims | 4 431 | 4 431 | 0 | 0 | |
Add Claims Outstanding at the end of the year | |||||
Less Claims Outstanding at the beginning of the year | |||||
Gross Incurred Claims | |||||
Add :Re-insurance accepted to direct claims | 124506 993 | 185250 069 | 79238 780 | 153895 795 | |
Less :Re-insurance Ceded to claims paid | 8589 937 | 9236 177 | 2963 260 | 8602 720 | |
Net Claims Paid | 115921 487 | 176018 323 | 76275 520 | 145293 075 | |
Add : Claims Outstanding at the end of the year | -20022 586 | 621885 005 | 53335 338 | 586641 963 | |
Less: Claims Outstanding at the beginning of the year | 238 | 573317 303 | 0 | 455317 298 | |
Total Claims Incurred | 95898 663 | 224586 025 | 129610 858 | 276617 740 |