FORM NL-7-OPERATING EXPENSES SCHEDULE

Name of the Insurer:  GENERAL INSURANCE CORPORATION OF INDIA   

OPERATING EXPENSES RELATED TO INSURANCE BUSINESS

( ₹ in 000)

PARTICUALRS

For the  Three Months  ending 30.06.2021

For the First Quarter Ending 30.06.2021

For the  Three Months  ending 30.06.2020

For the First Quarter Ending 30.06.2020

1

Employees’ remuneration & welfare benefits

210 466

210 466

278 790

278 790

2

Travel, conveyance and vehicle running expenses

 690

 690

 377

 377

3

Training expenses

1 579

1 579

 48

 48

4

Rents, rates & taxes

13 495

13 495

13 034

13 034

5

Repairs

61 369

61 369

53 478

53 478

6

Printing & stationery

 32

 32

 44

 44

7

Communication

5 626

5 626

1 370

1 370

8

Legal & professional charges

18 349

18 349

17 592

17 592

9

Auditors' fees, expenses etc

 0

 0

(a) as auditor

1 898

1 898

6 296

6 296

(b) as adviser or in any other capacity, in respect of

(i) Taxation matters

 0

 0

 0

 0

(ii) Insurance matters

(iii) Management services; and

(c)   in any other capacity

 0

 0

 0

 0

10

Advertisement and publicity

3 495

3 495

5 622

5 622

11

Interest & Bank Charges

117 508

117 508

136 255

136 255

12

IT Expenses

106 688

106 688

72 597

72 597

13

Depreciation

32 804

32 804

33 646

33 646

14

GST Expenses A/c

19 969

19 969

22 371

22 371

15

Swachh Bharat Cess

 0

 0

 0

 0

16

Others

30 069

30 069

35 024

35 024

TOTAL

624 037

624 037

676 544

676 544

Note: Items of expenses and income in excess of one percent of the total premiums (less reinsurance) or Rs.5,00,000 whichever is higher, shall be shown as a separate line item.