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 31.03.2023
		(Amount in Rs. Lakhs)
Particulars	Schedule Ref. Form No.	As At 31.03.2023	As At 31.03.2022
SOURCES OF FUNDS
SHARE CAPITAL	NL-8	87,720.00	87,720.00
SHARE APPLICATION MONEY PENDING ALLOTMENT
RESERVES AND SURPLUS	NL-10	3,199,142.75	2,525,525.64
FAIR VALUE CHANGE ACCOUNT
-Shareholders' Funds		910,816.12	718,081.40
-Policyholders' Funds		2,228,537.02	2,403,719.49
BORROWINGS	NL-11	-	-
TOTAL		6,426,215.89	5,735,046.53
APPLICATION OF FUNDS
INVESTMENTS-Shareholders	NL-12	3,151,577.81	2,395,018.75
INVESTMENTS-Policyholders	NL-12A	7,916,715.18	7,715,532.41
LOANS	NL-13	16,974.45	18,937.78
FIXED ASSETS	NL-14	29,426.85	17,036.50
DEFERRED TAX ASSET (Net)		60,013.89	3,669.21
CURRENT ASSETS
Cash and Bank Balances	NL-15	2,328,428.91	2,108,312.27
Advances and Other Assets	NL-16	2,209,323.39	2,230,230.27
Sub-Total (A)		4,537,752.30	4,338,542.54
DEFERRED TAX LIABILITY (Net)		-	-
CURRENT LIABILITIES	NL-17	7,357,845.86	6,753,070.68
PROVISIONS	NL-18	1,928,398.73	2,000,619.99
Sub-Total (B)		9,286,244.59	8,753,690.67
NET CURRENT ASSETS (C) = (A - B)		-4,748,492.29	-4,415,148.12
MISCELLANEOUS EXPENDITURE (to the extent not written off or adjusted)	NL-19	-	-
DEBIT BALANCE IN PROFIT AND LOSS ACCOUNT
TOTAL		6,426,215.89	5,735,046.53
CONTINGENT LIABILITIES
Particulars		As At 31.03.2023	As At 31.03.2022
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		953,950.45	759,600.27
5.Statutory demands/ liabilities in dispute, not provided for		1,098,237.44	1,594,205.34
6. Reinsurance obligations to the extent not provided for in accounts		2,676.17	87,170.00
7. Others (a)OSD (b)HR+ LEGAL		161.60	144.21
TOTAL		2,055,025.66	2,441,119.82