| FORM NL-25 - SOLVENCY MARGIN (TABLE IA) | ||||||||
| Name of Insurer: GENERAL INSURANCE CORPORATION OF INDIA | ||||||||
| Registration Number: 112 | ||||||||
| Date of Registration: 02-04-2001 | ||||||||
| Classification: Total Business | ||||||||
| TABLE IA: REQUIRED SOLVENCY MARGIN BASED ON NET PREMIUM AND NET INCURRED CLAIMS as on 31.03.2023 | ||||||||
| (All amounts in Rupees of Lakhs) | ||||||||
| 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 |
| 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 | |
| Classification: Business Within India | ||||||||
| 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 |
| 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 | |
| Note: The form is prepared as per prescribed IRDAI Solvency Regulations as amended from time to time. | ||||||||