FORM NL-1-B-RA | ||||||
Name of the Insurer: GENERAL INSURANCE CORPORATION OF INDIA | ||||||
Registration No. 112 | ||||||
Date of Registration with the IRDAI : 2nd April, 2001 | ||||||
REVENUE ACCOUNT FOR THE PERIOD ENDED 31.03.2021 | ||||||
FIRE INSURANCE BUSINESS | ( ₹ in 000) | |||||
PARTICULARS | SCHEDULE | For the Three Months ending 31.03.2021 | For the Year ending 31.03.2021 | For the Three Months ending 31.03.2020 | For the Year ending 31.03.2020 | |
1 | Premiums earned (Net) | NL-4-Premium Schedule | 22816 522 | 111591 018 | 21292 557 | 90568 870 |
2 | Profit on sale of Investments (Net) | 2323 032 | 9537 739 | 1732 560 | 6023 232 | |
3 | Profit/-Loss on Exchange Fluctuation | -239 781 | (519 660) | 633 711 | 1108 278 | |
4 | Interest, Dividend & Rent - Gross | 3228 329 | 10653 550 | 2089 279 | 8279 938 | |
TOTAL (A) | 28128 102 | 131262 647 | 25748 107 | 105980 318 | ||
1 | Claims Incurred (Net) | NL-5-Claims Schedule | 16025 145 | 95347 241 | 12991 783 | 81111 615 |
2 | Commission (Net) | NL-6-Commission Schedule | 6406 035 | 30257 334 | 5107 382 | 29350 085 |
3 | Operating Expenses related to Insurance Business | NL-7-Operating Expenses Schedule | 253 495 | 869 780 | 276 586 | 912 800 |
4 | Expenses relating to Investments | 0 | 0 | 0 | 0 | |
5 | Premium Deficiency | 0 | 0 | 0 | 0 | |
TOTAL (B) | 22684 675 | 126474 355 | 18375 751 | 111374 500 | ||
Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B) | 5443 427 | 4788 292 | 7372 356 | -5394 182 | ||
APPROPRIATIONS | ||||||
Transfer to Shareholders’ Account | 5443 427 | 4788 292 | 7372 356 | -5394 182 | ||
Transfer to Catastrophe Reserve | ||||||
Transfer to Other Reserves (to be specified) | ||||||
TOTAL (C) | 5443 427 | 4788 292 | 7372 356 | -5394 182 | ||
As required by Section 40C (2) of the Insurance Act, 1938, we certify that, all expenses of management, wherever incurred, whether directly or indirectly, in respect of Fire Insurance Business have been fully debited in the Fire Insurance Revenue Accounts as expenses. | ||||||
MISCELLANEOUS INSURANCE BUSINESS | ||||||
PARTICULARS | SCHEDULE | For the Three Months ending 31.03.2021 | For the Year ending 31.03.2021 | For the Three Months ending 31.03.2020 | For the Year ending 31.03.2020 | |
1 | Premiums earned (Net) | NL-4-Premium Schedule | 43372 556 | 255849 576 | 47929 859 | 326924 651 |
2 | Profit on sale of Investments (Net) | 3846 975 | 20285 977 | 4370 076 | 16034 749 | |
3 | Profit/-Loss on Exchange Fluctuation | -594 871 | (1340 910) | 1742 057 | 2887 121 | |
4 | Interest, Dividend & Rent - Gross | 5740 550 | 22659 216 | 5212 439 | 22042 441 | |
TOTAL (A) | 52365 210 | 297453 859 | 59254 431 | 367888 962 | ||
1 | Claims Incurred (Net) | NL-5-Claims Schedule | 37670 641 | 238429 082 | 51157 231 | 329872 698 |
2 | Commission (Net) | NL-6-Commission Schedule | 8998 179 | 45047 348 | 8106 466 | 42372 916 |
3 | Operating Expenses related to Insurance Business | NL-7-Operating Expenses Schedule | 464 405 | 1727 935 | 570 422 | 2625 883 |
4 | Expenses relating to Investments | 0 | 0 | 0 | 0 | |
5 | Premium Deficiency | 0 | 0 | 0 | 0 | |
TOTAL (B) | 47133 225 | 285204 365 | 59834 119 | 374871 497 | ||
Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B) | 52,31,985 | 1,22,49,494 | -579 688 | -6982 535 | ||
APPROPRIATIONS | ||||||
Transfer to Shareholders’ Account | 52,31,985 | 1,22,49,494 | -579 688 | -6982 535 | ||
Transfer to Catastrophe Reserve | 0 | 0 | ||||
Transfer to Other Reserves (to be specified) | 0 | 0 | ||||
TOTAL (C) | 52,31,985 | 1,22,49,494 | -579 688 | -6982 535 | ||
As required by Section 40C (2) of the Insurance Act, 1938, we certify that, all expenses of management, wherever incurred, whether directly or indirectly, in respect of Miscellaneous Insurance Business have been fully debited in the Miscellaneous Insurance Revenue Accounts as expenses. | ||||||
MARINE INSURANCE BUSINESS | ||||||
PARTICULARS | SCHEDULE | For the Three Months ending 31.03.2021 | For the Year ending 31.03.2021 | For the Three Months ending 31.03.2020 | For the Year ending 31.03.2020 | |
1 | Premiums earned (Net) | NL-4-Premium Schedule | 6064 572 | 19573 600 | 5038 079 | 16043 131 |
2 | Profit on sale of Investments (Net) | 472 395 | 1890 051 | 325 200 | 1087 250 | |
3 | Profit/-Loss on Exchange Fluctuation | -60 695 | (126 725) | 121 020 | 197 315 | |
4 | Interest, Dividend & Rent - Gross | 652 145 | 2111 166 | 395 107 | 1494 607 | |
TOTAL (A) | 7128 417 | 23448 092 | 5879 406 | 18822 303 | ||
1 | Claims Incurred (Net) | NL-5-Claims Schedule | 3683 438 | 21395 305 | 1769 312 | 11431 957 |
2 | Commission (Net) | NL-6-Commission Schedule | 1561 607 | 4362 488 | 950 227 | 3262 323 |
3 | Operating Expenses related to Insurance Business | NL-7-Operating Expenses Schedule | 37 804 | 121 443 | 43 668 | 123 975 |
4 | Expenses relating to Investments | 0 | 0 | 0 | 0 | |
5 | Premium Deficiency | 0 | 0 | 0 | 0 | |
TOTAL (B) | 5282 849 | 25879 236 | 2763 207 | 14818 255 | ||
Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B) | 1845568 | -2431144 | 3116199 | 4004048 | ||
APPROPRIATIONS | ||||||
Transfer to Shareholders’ Account | 1845 568 | -2431 144 | 3116 199 | 4004 048 | ||
Transfer to Catastrophe Reserve | ||||||
Transfer to Other Reserves (to be specified) | ||||||
TOTAL (C) | 1845 568 | -2431 144 | 3116 199 | 4004 048 | ||
As required by Section 40C (2) of the Insurance Act, 1938, we certify that, all expenses of management, wherever incurred, whether directly or indirectly, in respect of Marine Insurance Business have been fully debited in the Marine Insurance Revenue Accounts as expenses. | ||||||
LIFE INSURANCE BUSINESS | ||||||
PARTICULARS | SCHEDULE | For the Three Months ending 31.03.2021 | For the Year ending 31.03.2021 | For the Three Months ending 31.03.2020 | For the Year ending 31.03.2020 | |
1 | Premiums earned (Net) | NL-4-Premium Schedule | 3481 875 | 11644 737 | 2427 167 | 7917 615 |
2 | Profit on sale of Investments (Net) | 157 278 | 521 637 | 94 118 | 262 707 | |
3 | Profit/-Loss on Exchange Fluctuation | -17 967 | (34 459) | 30 788 | 47 608 | |
4 | Interest, Dividend & Rent - Gross | 207 672 | 582 663 | 117 891 | 361 135 | |
TOTAL (A) | 3828 858 | 12714 578 | 2669 964 | 8589 065 | ||
1 | Claims Incurred (Net) | NL-5-Claims Schedule | 4642 678 | 13365 829 | 2955 853 | 7942 310 |
2 | Commission (Net) | NL-6-Commission Schedule | 33 903 | 176 691 | 28 537 | 98 173 |
3 | Operating Expenses related to Insurance Business | NL-7-Operating Expenses Schedule | 26 433 | 68 225 | 23 625 | 67 465 |
4 | Expenses relating to Investments | 0 | 0 | 0 | 0 | |
5 | Premium Deficiency | 369 402 | 352 962 | -130 066 | 194 154 | |
TOTAL (B) | 5072 416 | 13963 707 | 2877 949 | 8302 102 | ||
Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B) | -1243 558 | -1249 129 | (207 985) | 2,86,963 | ||
APPROPRIATIONS | ||||||
Transfer to Shareholders’ Account | -1243 558 | -1249 129 | (207 985) | 2,86,963 | ||
Transfer to Catastrophe Reserve | ||||||
Transfer to Other Reserves (to be specified) | ||||||
TOTAL (C) | -1243 558 | -1249 129 | (207 985) | 2,86,963 | ||