FORM NL-21: Related Party Transactions |
Insurer: |
General Insurance Corporaion of India |
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Date: 30.09.2022 |
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(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 quarter 30.09.2022 |
Up to the yearly 30.09.2022 |
Corresponding quarter of the preceding year 30.09.2021 |
Up to the yearly of the preceding year 30.09.2021 |
1 |
India International Pte Ltd. |
Associate Company |
Net Premiun - Net commission - Net Claims |
-1,165,387.78 |
-3,523,530.42 |
-523,209.45 |
-961,382.34 |
2 |
GIC RE South Africa Ltd. |
Subsidiary Company |
Net Premiun - Net commission - Net Claims |
-292,154.82 |
-359,267.02 |
-83,257.14 |
-522,896.88 |
3 |
GIC-Bhutan Re Ltd. |
Associate Company |
Net Premiun - Net commission - Net Claims |
-370,073.48 |
-395,925.52 |
-43,065.14 |
-49,860.15 |
4 |
Agricultural Insurance Company of India Ltd |
Associate Company |
Net Premiun - Net commission - Net Claims |
-6,551,074.32 |
-35,784,710.00 |
-29,238,261.76 |
-53,418,145.24 |
5 |
GIC Re India Corporate Member Ltd |
Subsidiary Company |
Net Premiun - Net commission - Net Claims |
-12,284,627.64 |
-37,474,378.10 |
-3,781,917.75 |
-19,958,172.07 |
6 |
GIC Perestrakhovanie LLC |
Subsidiary Company |
Net Premiun - Net commission - Net Claims |
-423,690.05 |
-776,912.81 |
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-7,607.85 |
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(-) indicates amount payable by GIC Re |