Form NL-33

TABLE IB: AVAILABLE SOLVENCY MARGIN AND SOLVENCY RATIO AS AT 31  DECEMBER  2020

General Insurance Corporation of India

Registration Number:  112

Date of Registration: 02-04-2001

Classification: Total Business

(₹ in Lacs)

Item

Description

Notes No.

Amount

(1)

(2)

(3)

(3)

A

Policy-holder's Funds

Available Assets (as per IRDAI-GI-TA)

86494 48.65

Deduct:

B

Current liabilities as per BS

62532 77.59

C

Provision as per BS

18648 58.71

D

Other Liabilities

4489 69.95

E

Excess in Policyholders’ Funds (A-B-C-D)*

82342.40

Shareholder's Funds

F

Available Assets

19555 59.34

Deduct:

G

Other Liabilities

697 34.59

H

Excess in Shareholders’ Funds (F-G)

18858 24.75

I

Total Available Solvency Margin [ASM]   (E+H)

19681 67.15

J

Total Required Solvency Margin  [RSM]

12885 89.48

K

Solvency Ratio (Total ASM/Total RSM)

1.53

* Though Policyholder's fund is in minus,GIC Re has sufficient shareholder's funds to support and meet the liabilities,if required.

# The above table includes the RSM for Life Re Rs.105,909.61 lakhs