FORM NL-23 - SOLVENCY MARGIN  (FORM IRDAI-GI-TA)

     

STATEMENT OF ADMISSIBLE ASSETS :

As at 31.03.2022

     

Name of Insurer: GENERAL INSURANCE CORPORATION OF INDIA

Registration Number: 112

Date of Registration: 02-04-2001

Classification: Business Total Business

(All amounts in Rupees of Lakhs)

Item No.

Particulars

Policyholders A/c.

Shareholders A/c.

Total

 

Investments:

   
 

Shareholders as per NL-12 of BS

 

 2,395,018.75

 2,395,018.75

 

Policyholders as per NL-12 A of BS

 7,715,532.41

 -  

 7,715,532.41

(A)

Total Investments as per BS

 7,715,532.41

 2,395,018.75

 10,110,551.16

(B)

Inadmissible Investment assets as per Clause (1) of Schedule I of regulation

 -  

 -  

 -  

(C)

Fixed assets as per BS

 13,117.74

 3,918.76

 17,036.50

(D)

Inadmissible Fixed assets as per Clause (1) of Schedule I of regulation

 996.09

 297.57

 1,293.66

 

Current Assets:

  

 -  

(E)

Cash & Bank Balances as per BS

 1,623,355.07

 484,957.20

 2,108,312.27

(F)

Advances and Other assets as per BS

 2,097,574.48

 132,655.60

 2,230,230.08

(G)

Total Current Assets as per BS...(E)+(F)

 3,720,929.55

 617,612.80

 4,338,542.35

(H)

Inadmissible current assets as per Clause (1) of Schedule I of regulation

 77,227.36

 39,480.86

 116,708.22

(I)

Loans as per BS

 14,581.68

 4,356.10

 18,937.78

(J)

Fair value change account subject to minimum of zero

 2,403,719.49

 718,081.40

 3,121,800.89

(K)

Total Assets as per BS (excl. current liabilities and provisions)…(A)+(C)+(G)+(I)

 11,464,161.38

 3,020,906.41

 14,485,067.79

(L)

Total Inadmissible assets…(B)+(D)+(H)+(J)

 2,481,942.95

 757,859.83

 3,239,802.77

(M)

Total Admissible assets for Solvency (excl. current liabilities and provisions)…(K)-(L)

 8,982,218.44

 2,263,046.58

 11,245,265.02

    

(All amounts in Rupees of Lakhs)

Item No.

Inadmissible Investment assets (Item wise Details)

Policyholders A/c.

Shareholders A/c.

Total

 

Inadmissible Investment assets as per Clause (1) of Schedule I of regulation

   
 

Inadmissible Fixed assets

   
 

(a)  Furniture & Fittings

 66.01

 19.72

 85.72

 

(b) I.T. Equipments

 38.66

 11.55

 50.21

 

(c ) I.T. Software

 872.16

 260.55

 1,132.71

 

(d) Canteen Appliances

 0.28

 0.08

 0.37

 

(.e ) Electrical Installation

 18.98

 5.67

 24.65

    

 1,293.66

 

Inadmissible current assets

   
 

(a)  Service Tax Unutilised Credit

 -  

 -  

 -  

 

(b) GST Asset

 5,942

 -  

 5,941.82

 

(c ) Fixed deposit with bank [Statutory] Dubai

 1,669

 498

 2,167.16

 

(d) Fixed deposit with bank [Statutory] Malaysia

 -  

 -  

 -  

 

(e)  BNP Paribas-USD -Brazil

 2,746

 820

 3,566.00

 

(f) BNP Paribas USD Foreign currency revaluation

 173

 52

 224.06

 

(g) Due from Inadmissible assets

 66,420

 -  

 66,419.53

 

(h) Advance tax paid towards Contingent Liability

 -  

 38,001

 38,001.24

 

(i) Advances to Directors/Officers

 -  

 26

 25.96

 

(j) Others

 279

 83

 362.46

  

 77,227.36

 39,480.86

 116,708.22

 

………………….

  

 118,001.88

     

Note: The form is prepared as per prescribed IRDAI Solvency Regulations as amended from time to time.