FORM NL-26 - CLAIMS INFORMATION - KG Table I -
- - - - - - - - - -
Insurer : General Insurance Corporation of India - - - - - - -
- - - - - - - - - -
Solvency for the period ended 31st December 2010 - -
Required solvency margin based on net premium and net incurred claims - - (` in Lacs) - -
Item No. Description PREMIUM  CLAIM RSM-1 RSM-2 RSM - -
Gross  Premium Net  Premium Gross incurred claim Net incurred Claim - -
-
1 Fire 3193 19.52 2608 18.18 1952 80.77 1921 43.05 521 63.64 576 42.91 576 42.91 - -
2 Marine Cargo 419 90.93 385 70.73 286 29.70 279 69.42 77 14.15 83 90.83 83 90.83 - -
3 Marine Hull 662 87.36 534 27.19 641 56.99 400 64.80 106 85.44 120 19.44 120 19.44 - -
4 Motor 2260 22.27 2260 21.90 1976 59.64 1972 21.31 452 04.38 591 66.39 591 66.39 - -
5 Engineering 757 54.67 642 39.14 365 83.20 317 50.82 128 47.83 95 25.25 128 47.83 - -
6 Aviation 683 69.24 544 95.30 514 03.59 441 00.60 108 99.06 132 30.18 132 30.18 - -
7 Liabilities                       -                     -                       -                -               -                -                -   - -
8 Others 2813 14.24 2731 68.49 1992 46.66 1998 02.40 546 33.70 599 40.72 599 40.72 - -
9 Health                        -                     -                       -                -               -                -                -   - -
10 Life 21 83.59 21 82.59 9 02.18 9 02.18 4 36.52 2 70.66 4 36.52 - -
  Total 10812 41.83 9729 23.52 7738 62.73 7339 54.59 1945 84.70 2201 86.38 2236 74.82 - -
RSM1 premium has been calculated based on 12 month figure  i.e. from 01.01.2010 to 31.12.2010 on rolling basis complying with circular no.  IRDA/F&I/CIR/F&A/076/05/2010 dated 10.05.2010.
RSM2 Gross Incurred Claim and Net Incurred Claim has been calculated complying with circular no. 045/IRDA/F&A/Mar-06 dated 31.03.2006 and the same for the period 01.04.10 to 31.12.10 has been multiplied by 4/3  for arriving at annual figure.

 

Solvency for the period ended 31st  December 2009
Required solvency margin based on net premium and net incurred claims - - (` in Lacs) -
Item No. Description PREMIUM  CLAIM RSM-1 RSM-2 RSM* -
Gross  Premium Net  Premium Gross incurred claim Net incurred Claim -
1 Fire 242935.80 200450.34 1228 73.60 1189 06.72 400 90.07 356 72.02 400 90.07 -
2 Marine Cargo 23586.52 21253.56 261 41.56 215 55.88 42 50.71 64 66.76 64 66.76 -
3 Marine Hull 34799.93 32355.38 243 58.64 236 67.15 64 71.08 71 00.14 71 00.14 -
4 Motor 133252.29 133252.29 1311 18.58 1313 47.62 266 50.46 394 04.29 394 04.29 -
5 Engineering 53621.67 44676.52 235 29.78 207 18.21 89 35.30 62 15.46 89 35.30 -
6 Aviation 47358.86 34916.74 361 58.77 207 78.63 69 83.35 62 33.59 69 83.35 -
7 Liabilities                       -   0 0              -               -                -                -   -
8 Others 168083.20 162043.30 1415 41.66 1408 86.39 324 08.66 422 65.92 422 65.92 -
9 Health                        -                     -                       -                -               -                -                -   -
10 Life 923.98 923.98 5 33.77 5 33.77 1 84.80 1 60.13 1 84.80 -
  Total 7045 62.25 6298 72.12 5062 56.36 4783 94.37 1259 74.42 1435 18.31 1514 30.63 -
- - - - Adjusted RSM on 12 Months basis - - 2019 07.50 -
* Total RSM has been calculated based on 12 month figure as on 31.12.09 on estimated gross premium from 01.01.09 to 31.12.09
- - - - - - - - -
Note: - - - - - - - -
1. Claim and Premium is not provided separately for Liabilities and Health Insurance as it is considered as part of Others under Miscellaneous.  -
2. Claim and Premium for Life Insurance has been separately disclosed under item 10. - - -