Form NL-33

TABLE IB: AVAILABLE SOLVENCY MARGIN AND SOLVENCY RATIO AS AT 30 JUNE  2021

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)

92492 58.48

Deduct:

B

Current liabilities as per BS

62608 31.02

C

Provision as per BS

21110 21.97

D

Other Liabilities

5244 88.00

E

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

352917.49

Shareholder's Funds

F

Available Assets

19149 14.65

Deduct:

G

Other Liabilities

693 40.25

H

Excess in Shareholders’ Funds (F-G)

18455 74.40

I

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

21984 91.89

J

Total Required Solvency Margin  [RSM]

12662 99.77

K

Solvency Ratio (Total ASM/Total RSM)

1.74

* 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.100,282.04 lakhs