FORM NL-26 - CLAIMS INFORMATION - KG Table I
Solvency for the period ended 30th September 2010
Required solvency margin based on net premium and net incurred claims (Rs. in Lacs)
Item No. Description PREMIUM  CLAIM RSM-1 RSM-2 RSM
Gross  Premium Net  Premium Gross incurred claim Net incurred Claim
1 Fire 337581.58 278190.76 184709.59 189918.18 55638.15 56975.45 56975.45
2 Marine Cargo 36494.67 33023.58 28629.70 22212.32 6604.72 6663.70 6663.70
3 Marine Hull 59667.14 49530.65 77982.32 45996.68 9906.13 13799.00 13799.00
4 Motor 215911.25 215910.87 201689.26 201689.26 43182.17 60506.78 60506.78
5 Engineering 75869.66 66067.93 36583.20 30231.17 13213.59 9069.35 13213.59
6 Aviation 69777.75 57604.92 58823.01 46699.38 11520.98 14009.81 14009.81
7 Liabilities - - - - -
8 Others 274899.00 267829.55 213621.43 214514.21 535 65.91 643 54.26 643 54.26
9 Health  - - - - -
10 Life 16 45.33 16 45.33 8 45.23 8 45.23 3 29.07 2 53.57 3 29.07
- Total 1071846.38 969803.59 802883.74 752106.43 193960.72 225631.92 229851.66
 
RSM1 premium has been calculated based on 12 month figure  i.e. from 01.10.09 to 30.09.10 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 30.09.10 has been multiplied by 2 for arriving at annual figure.
Solvency for the period ended 30th September 2009
Required solvency margin based on net premium and net incurred claims     (Rs. in Lacs)
Item No. Description PREMIUM  CLAIM RSM-1 RSM-2 RSM*
Gross  Premium Net  Premium Gross incurred claim Net incurred Claim
1 Fire 160802.59 138448.02 105186.24 97492.09 27689.60 29247.63 29247.63
2 Marine Cargo 177 90.04 163 82.60 218 76.73 153 53.57 32 76.52 46 06.07 46 06.07
3 Marine Hull 23311.02 22150.68 16770.62 18857.35 4430.14 5657.21 5657.21
4 Motor 87508.77 87508.77 112479.75 112708.79 175 01.75 338 12.64 338 12.64
5 Engineering 32824.19 27423.19 17271.74 14538.99 5484.64 4361.70 5484.64
6 Aviation 29770.88 21712.83 31040.49 23408.64 4342.57 7022.59 7022.59
7 Liabilities -     - - - -
8 Others 1131 81.60 1099 46.48 984 19.80 4 60.63 1 65.10 1 38.19 1 65.10
9 Health  - - - - - - -
10 Life 8 25.48 8 25.48 4 60.63 973 22.15 219 89.30 291 96.64 291 96.64
- Total 466014.57 424398.05 403506.00 380142.21 84879.62 114042.67 115192.52
- Adjusted RSM on 12 Months basis 2303 85.04
- * Total RSM has been calculated based on 12 months figure as on 30.09.09 on estimated gross premium from 01.10.08 to 30.09.09
 
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.