FORM NL-25 - SOLVENCY MARGIN (TABLE IA) |
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Name of Insurer: GENERAL INSURANCE CORPORATION OF INDIA |
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Registration Number: 112 |
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Date of Registration: 02-04-2001 |
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Classification: Total Business |
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TABLE IA: REQUIRED SOLVENCY MARGIN BASED ON NET PREMIUM AND NET INCURRED CLAIMS as on 31.03.2023 |
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(All amounts in Rupees of Lakhs) |
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Item No. |
Line of Business |
Gross Premiums |
Net Premiums |
Gross Incurred Claims |
Net Incurred Claims |
RSM 1 |
RSM 2 |
RSM |
(1) |
(2) |
(3) |
(4) |
(5) |
(6) |
(7) |
(8) |
(9) |
1 |
Fire |
1,316,963.21 |
1,162,371.73 |
1,026,640.36 |
1,043,694.17 |
232,474.35 |
313,108.25 |
313,108.25 |
2 |
Marine Cargo |
61,138.65 |
50,824.38 |
88,706.80 |
84,007.12 |
10,164.88 |
25,202.13 |
25,202.13 |
3 |
Marine - Other than Marine Cargo |
56,026.87 |
48,700.99 |
115,775.55 |
95,311.03 |
9,740.20 |
28,593.31 |
28,593.31 |
4 |
Motor |
599,542.86 |
599,542.86 |
791,083.39 |
791,083.40 |
119,908.57 |
237,325.02 |
237,325.02 |
5 |
Engineering |
161,322.46 |
138,769.66 |
101,390.95 |
99,634.70 |
27,753.93 |
29,890.41 |
29,890.41 |
6 |
Aviation |
83,329.07 |
35,375.83 |
96,549.01 |
64,271.49 |
8,332.91 |
19,281.45 |
19,281.45 |
7 |
Liability |
83,311.64 |
73,306.57 |
54,391.45 |
53,417.41 |
14,661.31 |
16,025.22 |
16,025.22 |
8 |
Health |
488,762.34 |
478,804.82 |
459,578.02 |
445,432.86 |
95,760.96 |
133,629.86 |
133,629.86 |
9 |
Miscellaneous |
148,406.75 |
134,844.91 |
123,650.87 |
121,376.32 |
26,968.98 |
36,412.90 |
36,412.90 |
10 |
Crop |
507,403.17 |
492,829.02 |
718,063.61 |
683,625.31 |
98,565.80 |
205,087.59 |
205,087.59 |
11 |
Life |
- |
- |
- |
- |
- |
- |
103,859.70 |
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Total |
3,506,207.02 |
3,215,370.78 |
3,575,830.01 |
3,481,853.81 |
644,331.90 |
1,044,556.14 |
1,148,415.84 |
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Classification: Business Within India |
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Item No. |
Line of Business |
Gross Premiums |
Net Premiums |
Gross Incurred Claims |
Net Incurred Claims |
RSM 1 |
RSM 2 |
RSM |
(1) |
(2) |
(3) |
(4) |
(5) |
(6) |
(7) |
(8) |
(9) |
1 |
Fire |
661,939.61 |
535,595.87 |
320,461.48 |
339,090.26 |
107,119.17 |
101,727.08 |
107,119.17 |
2 |
Marine Cargo |
44,383.61 |
38,052.22 |
33,238.80 |
29,089.48 |
7,610.44 |
8,726.84 |
8,726.84 |
3 |
Marine - Other than Marine Cargo |
21,009.46 |
20,549.71 |
27,047.96 |
15,880.24 |
4,109.94 |
4,764.07 |
4,764.07 |
4 |
Motor |
386,645.61 |
386,645.61 |
373,381.87 |
373,381.87 |
77,329.12 |
112,014.56 |
112,014.56 |
5 |
Engineering |
118,352.49 |
95,764.36 |
60,086.56 |
58,330.31 |
19,152.87 |
17,499.09 |
19,152.87 |
6 |
Aviation |
8,616.76 |
6,869.90 |
11,738.27 |
11,012.50 |
1,373.98 |
3,303.75 |
3,303.75 |
7 |
Liability |
46,026.76 |
36,205.60 |
26,409.45 |
25,462.73 |
7,241.12 |
7,638.82 |
7,638.82 |
8 |
Health |
487,393.43 |
477,435.91 |
454,033.07 |
439,901.48 |
95,487.18 |
131,970.44 |
131,970.44 |
9 |
Miscellaneous |
129,259.57 |
115,983.21 |
86,209.03 |
84,972.61 |
23,196.64 |
25,491.78 |
25,491.78 |
10 |
Crop |
501,011.38 |
486,436.66 |
680,008.51 |
645,586.69 |
97,287.33 |
193,676.01 |
193,676.01 |
11 |
Life |
- |
- |
- |
- |
- |
- |
98,417.50 |
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Total |
2,404,638.68 |
2,199,539.06 |
2,072,614.99 |
2,022,708.16 |
439,907.81 |
606,812.45 |
712,275.82 |
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Note: The form is prepared as per prescribed IRDAI Solvency Regulations as amended from time to time. |