FORM NL-3-B-BS

Name of the Insurer:GENERAL INSURANCE CORPORATION OF INDIA  

Registration No. 112  and Date of  Registration with the IRDAi 02.04.2001

BALANCE SHEET  AS AT 31.03.2022

    
  

(Amount in Rs. Lakhs)

Particulars

Schedule Ref. Form No.

As At 31.03.2022

As At 31.03.2021

SOURCES OF FUNDS

   

SHARE CAPITAL                                                              

NL-8

 87,720.00

 87,720.00

SHARE APPLICATION MONEY PENDING ALLOTMENT

   

RESERVES AND SURPLUS

NL-10

 2,525,525.64

 2,317,147.62

FAIR VALUE CHANGE ACCOUNT

   

-Shareholders' Funds

 

 718,081.40

 615,482.37

-Policyholders' Funds

 

 2,403,719.49

 2,103,602.83

    

BORROWINGS

NL-11

 -  

 -  

TOTAL

 

 5,735,046.53

 5,123,952.82

    

APPLICATION OF FUNDS

   

INVESTMENTS-Shareholders

NL-12

 2,395,018.75

 2,129,532.03

INVESTMENTS-Policyholders

NL-12A

 7,715,532.41

 6,980,027.13

LOANS

NL-13

 18,937.78

 21,246.12

FIXED ASSETS

NL-14

 17,036.50

 16,927.84

DEFERRED TAX ASSET (Net)

 

 3,669.21

 1,833.29

CURRENT ASSETS

   

Cash and Bank Balances

NL-15

 2,108,312.27

 1,829,409.27

Advances and Other Assets

NL-16

 2,230,230.08

 2,487,146.59

Sub-Total (A)

 

 4,338,542.35

 4,316,555.86

    

DEFERRED TAX LIABILITY (Net)

 

 -  

 -  

CURRENT LIABILITIES

NL-17

 6,753,070.68

 6,307,448.74

PROVISIONS

NL-18

 2,000,619.80

 2,034,720.70

Sub-Total (B)

 

 8,753,690.47

 8,342,169.44

NET CURRENT ASSETS (C) = (A - B)

 

 -4,415,148.12

 -4,025,613.58

MISCELLANEOUS EXPENDITURE (to the extent not written off or adjusted)

NL-19

 -  

 -  

DEBIT BALANCE IN PROFIT AND LOSS ACCOUNT

   

TOTAL

 

 5,735,046.53

 5,123,952.82

    
    
    

CONTINGENT LIABILITIES

    

Particulars

As At 31.03.2022

As At 31.03.2021

1. Partly paid-up investments

  

2. Claims, other than against policies, not acknowledged as debts by the company

  

3. Underwriting commitments outstanding (in respect of shares and securities)

  

4. Guarantees given by or on behalf of the Company

 759,600.27

 518,235.30

5.Statutory demands/ liabilities in dispute, not provided for

 1,681,375.34

 1,179,338.86

6. Reinsurance obligations to the extent not provided for in accounts

  

7 .Others

(a)OSD

(b).HR+ LEGAL

 144.21

 4,094.24

TOTAL

 2,441,119.82

 1,701,668.40