FORM NL-21: Related Party Transactions

Insurer:

GIC Re

 

 

 

 

 Date: 31.03.2022

 

 

 

 

 

 

 

 

Related Party Transactions                                                                                                                                                                                                                                            

     

 (Rs in Thousand)

Sl.No.

Name of the Related Party

Nature of Relationship with the Company

Description of Transactions / Categories 

Consideration paid / received*

For the half Year  31.03.2022

Up to the yearly 31.03.2022

Corresponding quarter of the preceding year 31.03.2021

Up to the yearly of the preceding year 31.03.2021

1

India International Pte LTD.

Associate Company

Net Premiun - Net commission - Net Claims

 -2,359,603.83

 -2,880,695.63

 -439,513.47

 -5,402,170.03

2

GIC Re South Africa Ltd.

Subsidiary Company

Net Premiun - Net commission - Net Claims

 -67,112.20

 -150,369.34

 -439,639.74

 -4,396,397.37

3

GIC-Bhutan RE Ltd.

Associate Company

Net Premiun - Net commission - Net Claims

 -25,852.04

 -68,917.18

 -6,795.01

 -165,248.80

4

Agricultural Insurance Company of India Ltd

Associate Company

Net Premiun - Net commission - Net Claims

 -29,233,635.68

 -58,471,897.45

 -24,179,883.47

 -731,073,177.77

5

GIC Re India Corporate Member

Subsidiary Company

Net Premiun - Net commission - Net Claims

 -25,189,750.46

 -28,971,668.21

 -16,176,254.33

 -261,044,999.99

6

GIC Perestrakhovanie LLC

Subsidiary Company

Net Premiun - Net commission - Net Claims

 -353,222.76

 -353,222.76

 -7,607.85

 -76,078.52

        

(-) indicates amount payable by GIC Re