FORM NL-26 - SOLVENCY MARGIN  (TABLE IB)

   

Name of Insurer: GENERAL INSURANCE CORPORATION OF INDIA

Registration Number: 112

Date of Registration: 02-04-2001

Classification:  Total Business

 

 (All amounts in Rupees of Lakhs)

(1)

(2)

(3)

ITEM NO.

DESCRIPTION

AMOUNT

(A)

Policyholder’s FUNDS

 
 

Available assets(as per Form IRDAI-GI-TA)

 8,982,218.44

 

Deduct:

 

(B)

Current Liabilities as per BS

 6,442,651.19

(C)

Provisions as per BS

 1,886,956.38

(D)

Other Liabilities

 301,913.60

(E)

Excess in Policyholder’s funds (A)-(B)-(C)-(D)

 350,697.26

 

Shareholder’s FUNDS

 

(F)

Available Assets

 2,263,046.58

 

Deduct:

 -  

(G)

Other Liabilities

 122,169.30

(H)

Excess in Shareholder’s funds (F-G)

 2,140,877.28

(I)

Total ASM (E+H)

 2,491,574.55

(J)

Total RSM

 1,268,700.26

(K)

SOLVENCY RATIO (Total ASM/ Total RSM)

 1.96

   

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