| FORM NL-23 - SOLVENCY MARGIN (FORM IRDAI-GI-TA) |
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| STATEMENT OF
ADMISSIBLE ASSETS : |
| As at 30.09.2021 |
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| Name of Insurer: GENERAL INSURANCE CORPORATION OF INDIA |
| Registration Number: 112 |
| Date of Registration: 02-04-2001 |
| Classification: Business Total Business |
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(All amounts
in Rupees of Lakhs) |
| Item No. |
Particulars |
Policyholders
A/c. |
Shareholders
A/c. |
Total |
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Investments: |
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Shareholders as per NL-12 of BS |
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2,235,021.28 |
2,235,021.28 |
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Policyholders as per NL-12 A of BS |
7,791,557.46 |
- |
7,791,557.46 |
| (A) |
Total Investments as per BS |
7,791,557.46 |
2,235,021.28 |
10,026,578.74 |
| (B) |
Inadmissible
Investment assets as per Clause (1) of Schedule I
of regulation |
- |
- |
- |
| (C) |
Fixed assets as per
BS |
12,970.56 |
3,572.79 |
16,543.35 |
| (D) |
Inadmissible Fixed
assets as per Clause (1) of Schedule I of
regulation |
588.54 |
162.11 |
750.65 |
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Current Assets: |
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- |
| (E) |
Cash & Bank Balances as per BS |
1,486,532.34 |
409,470.91 |
1,896,003.26 |
| (F) |
Advances and Other assets as per BS |
2,407,231.89 |
230,059.20 |
2,637,291.08 |
| (G) |
Total Current Assets as per
BS...(E)+(F) |
3,893,764.23 |
639,530.11 |
4,533,294.34 |
| (H) |
Inadmissible current
assets as per Clause (1) of Schedule I of
regulation |
119,701.92 |
39,122.05 |
158,823.97 |
| (I) |
Loans as per BS |
15,223.57 |
4,193.39 |
19,416.96 |
| (J) |
Fair value change
account subject to minimum of zero |
2,540,012.00 |
699,655.84 |
3,239,667.84 |
| (K) |
Total
Assets as per BS (excl. current liabilities and provisions)…(A)+(C)+(G)+(I) |
11,713,515.83 |
2,882,317.57 |
14,595,833.40 |
| (L) |
Total Inadmissible
assets…(B)+(D)+(H)+(J) |
2,660,593.62 |
739,020.21 |
3,399,613.83 |
| (M) |
Total
Admissible assets for Solvency (excl. current liabilities and
provisions)…(K)-(L) |
9,052,922.21 |
2,143,297.36 |
11,196,219.57 |
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(All amounts in Rupees of Lakhs) |
| Item No. |
Inadmissible
Investment assets (Item wise Details) |
Policyholders
A/c. |
Shareholders
A/c. |
Total |
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Inadmissible
Investment assets as per Clause (1) of Schedule I
of regulation |
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Inadmissible Fixed
assets |
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(a) Furniture & Fittings |
72.52 |
19.98 |
92.50 |
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(b) I.T. Equipments |
48.61 |
13.39 |
62.01 |
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(c ) I.T. Software |
446.41 |
122.97 |
569.38 |
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(d) Canteen Appliances |
0.32 |
0.09 |
0.41 |
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(.e ) Electrical Installation |
20.67 |
5.69 |
26.36 |
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750.65 |
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Inadmissible current assets |
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(a) Service Tax Unutilised Credit |
- |
- |
- |
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(b) GST Asset |
3,499 |
- |
3,499.07
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(c ) Fixed deposit
with bank [Statutory] Dubai |
1,665 |
459 |
2,123.44
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(d) Fixed deposit
with bank [Statutory] Malaysia |
- |
- |
- |
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(e.) BNP Paribas-USD -Brazil |
2,796 |
770 |
3,566.00
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(f) BNP Paribas USD
Foreign currency revaluation |
116 |
32 |
147.80 |
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(g) Due from Inadmissible assets |
111,626 |
- |
111,626.25 |
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(h) Advance tax paid towards Contingent Liability |
- |
37,837 |
37,837.15 |
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(I ) Advances to Directors/Officers |
- |
24 |
24.26 |
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119,701.92 |
39,122.05 |
158,823.97 |
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…………………. |
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159,574.63 |
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| Note:
The form is prepared as per prescribed IRDAI Solvency Regulations as amended
from time to time. |
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