FORM NL-31: Related Party Transactions | |||||||
Insurer: General Insurance Corporation of India |
| Date: 31.12.2020 | |||||
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(₹ in 000) | |||||||
Sl.No. | Name of the Related Party | Nature of Relationship with the Company | Description of Transactions / Categories | Consideration paid / received* | |||
For the quarter 31.12.2020 | Up to the Quarter 31.12.2020 | Corresponding quarter of the preceding year 31.12.2019 | Up to the Quarter of the preceding year 31.12.2019 | ||||
1 | India International Pte LTD. | Associate Company | Net Premiun - Net commission - Net Claims | 51,211.67 | 71,315.78 | -29,571.47 | 5,717.99 |
2 | GIC RE South Africa Ltd. | Subsidiary Company | Net Premiun - Net commission - Net Claims | -299,303.05 | -299,303.05 | 0.00 | -298,195.17 |
3 | GIC-Bhutan RE Ltd. | Associate Company | Net Premiun - Net commission - Net Claims | 6,463.54 | 15,718.79 | 0.00 | 18,569.45 |
4 | Agricultural Insurance Company of India Ltd | Associate Company | Net Premiun - Net commission - Net Claims | 821,015.06 | 277,463.35 | -5,089,525.16 | 20,600,244.44 |
5 | GIC Re, India, Corporate Member | Subsidiary Company | Net Premiun - Net commission - Net Claims | -2,369,869.72 | -2,656,771.26 | -64,894.42 | 1,190,955.41 |
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 | |||||||