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NL-31 : Related Party Transactions
Insurer: General Insurance Corporation of India
Sl.No. Name of the Related Party Nature of Relationship with the Company Description of Transactions / Categories Consideration paid / received*
For the quarter 30.09.2011 Corresponding quarter of the preceeding year 30.09.2010
1 Kenindia Assuarnce Company Associate Company Net Premiun - Net commission - Net Claims -1,257 -1,488
2 India International Pte LTD. Associate Company Net Premiun - Net commission - Net Claims -98,259 104,440
3 LIC Mauritius Limited Associate Company Net Premiun - Net commission - Net Claims Nil Nil
5 Agricultural Insurance Company of India Ltd Associate Company Net Premiun - Net commission - Net Claims -61,051 421,691
6 East Africa Re Associate Company Net Premiun - Net commission - Net Claims -1,742 1601
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(-) indicates amount payable by GIC
*including the premium flow through Associates/ Group companies as an agent