FORM NL-21: Related Party Transactions |
Insurer: |
GIC Re |
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Date: 31.03.2023 |
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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 |
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(-) indicates amount payable by GIC Re |