FORM NL - 31: Related Party Transactions

Insurer: General Insurance Corporation of India

Date: 31.03.2021

                                                                                                                                                                                                                                        ( ₹ 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 31.03.2021

Up to the Quarter 31.03.2021

Corresponding quarter of the preceding year 31.03.2020

Up to the Quarter of the preceding year 31.03.2020

1

India International Pte LTD.

Associate Company

Net Premiun - Net commission - Net Claims

2,00,036.46

2,70,437.49

99,947.39

1,04,700.91

2

GIC RE South Africa Ltd.

Subsidiary Company

Net Premiun - Net commission - Net Claims

1,837.39

-2,97,465.66

0.00

-10,61,553.00

3

GIC-Bhutan RE Ltd.

Associate Company

Net Premiun - Net commission - Net Claims

0.00

15,718.79

0.00

62,845.75

4

Agricultural Insurance Company of India Ltd

Associate Company

Net Premiun - Net commission - Net Claims

-88,33,973.38

-85,56,510.03

-1,45,33,740.73

60,66,503.71

5

GIC RE INDIA CORPORATE MEMBER

Subsidiary Company

Net Premiun - Net commission - Net Claims

-21,27,557.10

-47,84,328.36

0.00

27,48,347.30

6

GIC Perestrakhovanie LLC

Subsidiary Company

Net Premiun - Net commission - Net Claims

-6,085.02

-6,085.02

0.00

0.00

(-) indicates amount payable by GIC Re