FORM NL-21: Related Party Transactions
Insurer: GIC Re     Date: 31.03.2023    
               
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 yearly 31.03.2023 Up to the yearly 31.03.2023 A corresponding quarter of the preceding half yearly 31.03.2022 Up to the yearly of the preceding year 31.03.2022
1 India International Pte LTD. Associate Company Net Premiun - Net commission - Net Claims 139,082.82 -1,027,753.77 -2,359,603.83 -2,880,695.63
2 GIC RE South Africa Ltd. Subsidiary Company Net Premiun - Net commission - Net Claims -15,231.96 -307,386.78 -67,112.20 -150,369.34
3 GIC-Bhutan RE Ltd. Associate Company Net Premiun - Net commission - Net Claims 302,708.36 -67,365.11 -25,852.04 -68,917.18
4 Agricultural Insurance Company of India Ltd Associate Company Net Premiun - Net commission - Net Claims -29,821,957.68 -36,373,032.00 -29,233,635.68 -58,471,897.45
5 GIC RE INDIA CORPORATE MEMBER Subsidiary Company Net Premiun - Net commission - Net Claims -17,747,596.29 -30,032,223.93 -25,189,750.46 -28,971,668.21
6 GIC Perestrakhovanie LLC Subsidiary Company Net Premiun - Net commission - Net Claims -252,151.82 -675,841.87 -353,222.76 -353,222.76
















(-) indicates amount payable by GIC Re