FORM NL-5 - CLAIMS SCHEDULE
Name of the Insurer: GENERAL INSURANCE CORPORATION OF INDIA
CLAIMS INCURRED [NET]
FOR THE YEAR ENDED 31.03.2021
				( ₹ in 000)
	PARTICULARS	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
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	17385 490	70119 806	17568 928	73525 814
	Less :Re-insurance Ceded to claims paid	1656 149	6439 042	2222 623	7826 545
	Net Claims Paid	15729 341	63680 764	15346 305	65699 269
	Add : Claims Outstanding at the end of the year	295 804	171344 123	-2354 522	139677 646
	Less: Claims Outstanding at the beginning of the year	0	139677 646	0	124265 299
	Total Claims Incurred	16025 145	95347 241	12991 783	81111 616
Notes:
a) Incurred But Not Reported (IBNR), Incurred but not enough reported [IBNER] claims should be included in the amount for outstanding claims.
b) Claims includes specific claims settlement cost but not expenses of management
c) The surveyor fees, legal and other expenses shall also form part of claims cost.
d) Claims cost should be adjusted for estimated salvage value if there is a sufficient certainty of its realisation.


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	15564 800	49112 612	11078 625	50769 026
	Less :Re-insurance Ceded to claims paid	737 246	633 545	0	0
	Net Claims Paid	14827 554	48479 067	11078 625	50769 026
	Add : Claims Outstanding at the end of the year	140 335	158402 350	3195 570	143935 246
	Less: Claims Outstanding at the beginning of the year	0	143935 246	0	119087 988
	Total Claims Incurred	14967 889	62946 171	14274 195	75616 284


(2)	AVIATION
	Claims paid
	Direct claims	- 1	4 430	0	5 750
	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	2868 824	9628 835	3388 818	10218 839
	Less :Re-insurance Ceded to claims paid	680 121	2053 162	687 976	2065 967
	Net Claims Paid	2188 702	7580 103	2700 842	8158 622
	Add : Claims Outstanding at the end of the year	-2574 409	15287 319	776 812	14995 311
	Less: Claims Outstanding at the beginning of the year	0	14995 311	0	11137 632
	Total Claims Incurred	-385 707	7872 111	3477 654	12016 301


(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	1352 821	5649 743	1261 591	4907 503
	Less :Re-insurance Ceded to claims paid	125 587	99 951	35 220	121 544
	Net Claims Paid	1227 234	5549 792	1226 371	4785 959
	Add : Claims Outstanding at the end of the year	1148 181	25169 938	1054 694	22213 251
	Less: Claims Outstanding at the beginning of the year	0	22213 251	0	17733 208
	Total Claims Incurred	2375 415	8506 479	2281 065	9266 002


(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	68 332	196 250	78 697	181 352
	Less :Re-insurance Ceded to claims paid	0	0	0	0
	Net Claims Paid	68 332	196 250	78 697	181 352
	Add : Claims Outstanding at the end of the year	-25 692	988 937	23 960	812 377
	Less: Claims Outstanding at the beginning of the year	0	812 377	0	655 257
	Total Claims Incurred	42 640	372 810	102 657	338 472


(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	592 448	1878 550	229 717	881 242
	Less :Re-insurance Ceded to claims paid	941	9 671	200	8 844
	Net Claims Paid	591 507	1868 879	229 517	872 398
	Add : Claims Outstanding at the end of the year	658 427	10633 170	1066 386	8036 253
	Less: Claims Outstanding at the beginning of the year	0	8036 253	0	4769 475
	Total Claims Incurred	1249 934	4465 796	1295 903	4139 176


(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	1398 881	4521 085	962 535	3974 844
	Less :Re-insurance Ceded to claims paid	0	0	0	161
	Net Claims Paid	1398 881	4521 085	962 535	3974 683
	Add : Claims Outstanding at the end of the year	-688 813	8237 182	455 560	7555 901
	Less: Claims Outstanding at the beginning of the year	0	7555 901	0	5945 650
	Total Claims Incurred	710 068	5202 366	1418 095	5584 934


(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	16192 657	42250 522	10282 426	39976 913
	Less :Re-insurance Ceded to claims paid	-2023 677	1847 284	0	193 880
	Net Claims Paid	18216 334	40403 238	10282 426	39783 033
	Add : Claims Outstanding at the end of the year	-507 381	42301 395	-1218 431	35261 054
	Less: Claims Outstanding at the beginning of the year	0	35261 054	0	20178 545
	Total Claims Incurred	17708 953	47443 579	9063 995	54865 542


(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	29068 834	152595 234	33043 042	119508 184
	Less :Re-insurance Ceded to claims paid	-7527 239	1190 413	155 420	432 823
	Net Claims Paid	36596 073	151404 821	32887 622	119075 361
	Add : Claims Outstanding at the end of the year	-36381 717	97802 950	-11203 355	159349 639
	Less: Claims Outstanding at the beginning of the year	0	159349 639	0	112451 396
	Total Claims Incurred	214 356	89858 132	21684 267	165973 604


(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	881 582	4653 562	1083 998	3836 865
	Less :Re-insurance Ceded to claims paid	196 479	527 501	173 905	806 172
	Net Claims Paid	685 103	4126 061	910 093	3030 693
	Add : Claims Outstanding at the end of the year	-556 592	11011 491	-3662 625	5311 910
	Less: Claims Outstanding at the beginning of the year	0	5311 910	0	8811 750
	Total Claims Incurred	128 511	9825 642	-2752 532	-469 147


(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	547 200	1777 043	132 200	1310 048
	Less :Re-insurance Ceded to claims paid	0	0	0	16 407
	Net Claims Paid	547 200	1777 043	132 200	1293 641
	Add : Claims Outstanding at the end of the year	111 380	9590 577	179 733	9431 623
	Less: Claims Outstanding at the beginning of the year	0	9431 623	0	8183 734
	Total Claims Incurred	658 580	1935 997	311 933	2541 530


	TOTAL MISCELLANEOUS
	Claims paid
	Direct claims	- 1	4 430	0	5 750
	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	68536 380	272263 437	61541 649	235564 816
	Less :Re-insurance Ceded to claims paid	-7810 540	6361 529	1052 721	3645 798
	Net Claims Paid	76346 919	265906 338	60488 928	231924 768
	Add : Claims Outstanding at the end of the year	-38676 281	379425 309	-9331 696	406902 565
	Less: Claims Outstanding at the beginning of the year	0	406902 565	0	308954 635
	Total Claims Incurred	37670 638	238429 082	51157 232	329872 698


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	1811 059	7015 869	1937 976	5218 575
	Less :Re-insurance Ceded to claims paid	131 507	798 725	567 664	793 730
	Net Claims Paid	1679 552	6217 144	1370 312	4424 845
	Add : Claims Outstanding at the end of the year	1517 164	11106 210	-456 116	6816 985
	Less: Claims Outstanding at the beginning of the year	0	6816 985	0	6124 214
	Total Claims Incurred	3196 716	10506 369	914 196	5117 616


(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	1288 824	8026 105	776 546	5148 274
	Less :Re-insurance Ceded to claims paid	474 058	605 968	368 429	1293 909
	Net Claims Paid	814 766	7420 137	408 117	3854 365
	Add : Claims Outstanding at the end of the year	-328 044	17659 226	446 999	14190 427
	Less: Claims Outstanding at the beginning of the year	0	14190 427	0	11730 451
	Total Claims Incurred	486 722	10888 936	855 116	6314 341


	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	3099 883	15041 974	2714 522	10366 850
	Less :Re-insurance Ceded to claims paid	605 565	1404 694	936 093	2087 639
	Net Claims Paid	2494 318	13637 280	1778 429	8279 211
	Add : Claims Outstanding at the end of the year	1189 120	28765 437	-9 117	21007 412
	Less: Claims Outstanding at the beginning of the year	0	21007 412	0	17854 665
	Total Claims Incurred	3683 438	21395 305	1769 312	11431 958


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	4114 840	10281 064	2222 896	7001 852
	Less :Re-insurance Ceded to claims paid	65 759	380 924	91 533	546 285
	Net Claims Paid	4049 081	9900 140	2131 363	6455 567
	Add : Claims Outstanding at the end of the year	593 597	9195 131	824 490	5729 442
	Less: Claims Outstanding at the beginning of the year	0	5729 442	0	4242 699
	Total Claims Incurred	4642 678	13365 829	2955 853	7942 310


E	TOTAL ALL CLASSES
	Claims paid
	Direct claims	- 1	4 430	0	5 750
	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	93136 592	367706 280	84047 996	326459 332
	Less :Re-insurance Ceded to claims paid	-5483 066	14586 189	4302 970	14106 267
	Net Claims Paid	98619 657	353124 521	79745 026	312358 815
	Add : Claims Outstanding at the end of the year	-36597 759	588730 000	-10870 846	573317 064
	Less: Claims Outstanding at the beginning of the year	- 1	573317 064	0	455317 298
	Total Claims Incurred	62021 899	368537 457	68874 180	430358 581