FORM NL-31: Related Party Transactions | |||||||
Insurer: General Insurance Corporation of India | Date: 30.06.2021 | ||||||
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Related Party Transactions | (₹ 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 30.06.2021 | Up to the Quarter 30.06.2021 | Corresponding quarter of the preceding year 30.06.2020 | Up to the Quarter of the preceding year 30.06.2020 | ||||
1 | India International Pte LTD. | Associate Company | Net Premiun - Net commission - Net Claims | (1,74,483.03) | (1,74,483.03) | (74,437.93) | (74,437.93) |
2 | GIC RE South Africa Ltd. | Subsidiary Company | Net Premiun - Net commission - Net Claims | (39,918.20) | (39,918.20) | - | - |
3 | GIC-Bhutan RE Ltd. | Associate Company | Net Premiun - Net commission - Net Claims | (31,741.09) | (31,741.09) | (9,729.87) | (9,729.87) |
4 | Agricultural Insurance Company of India Ltd | Associate Company | Net Premiun - Net commission - Net Claims | (1,86,44,423.79) | (1,86,44,423.79) | (2,49,02,311.32) | (2,49,02,311.32) |
5 | GIC RE INDIA CORPORATE MEMBER | Subsidiary Company | Net Premiun - Net commission - Net Claims | (37,81,917.75) | (37,81,917.75) | (17,64,761.10) | (17,64,761.10) |
6 | GIC Perestrakhovanie LLC | Subsidiary Company | Net Premiun - Net commission - Net Claims | - | - | - | - |
(-) indicates amount payable by GIC Re | |||||||