FORM NL-24 - SOLVENCY MARGIN (FORM IRDAI-GI-TR)

STATEMENT OF LIABILITIES :

As at 31.03.2022

(All amounts in Rupees of Lakhs)

Current Year

Item No.

Reserve

Gross Reserve

Net Reserve

(a)

Unearned Premium Reserve (UPR)

 1,862,943.53

 1,731,049.72

(b)

Premium Deficiency Reserve (PDR)

 7,298.61

 7,298.61

(c)

Unexpired Risk Reserve (URR)…(a)+(b)

 1,870,242.13

 1,738,348.33

(d)

Outstanding Claim Reserve (other than IBNR reserve)

 3,928,019.90

 3,354,832.72

(e)

IBNR reserve

 3,089,920.59

 3,087,818.47

(f)

Total Reserves for Technical Liabilities…(c)+(d)+(e)

 8,888,182.62

 8,180,999.52

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