NL-31: Related Party Transactions
- - - - - (Rupees in thousands)
Sl.No. Name of the Related Party Nature of Relationship with the Company Description of Transactions / Categories Consideration paid / received*
For the quarter 31.12.2010 Corresponding quarter of the preceeding year 31.12.2009
1 Kenindia Assuarnce Company Associate Company Net Premiun - Net commission - Net Claims 6411 2512
2 India International Pte LTD. Associate Company Net Premiun - Net commission - Net Claims -92937 54634
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 -5145 5402
6 East Africa Re Associate Company Net Premiun - Net commission - Net Claims 1425 766996
(-) indicates amount payable by GIC
*including the premium flow through Associates/ Group companies as an agent


Statement Showing Related Party Disclosures as per AS-18 of ICAI - Part 2
    (Rs. In Thousands)  
Name of the Company Agriculture Insurance Company of India Ltd. East Africa Re Limited
- 01.04.2010 to 31.12.2010 01.04.2009 to 31.12.2009 01.04.2010 to 31.12.2010 01.04.2009 to 31.12.2009
Premium Accepted 971690 406028 5285 2700
Premium Ceded - - - -
Net Premium 971690 406028 5285 2700
Commission Paid 192397 81092 699 436
Commission Recovered - - - -
Net Commission 192397 81092 699 436
Claims Paid 364094 61078 - 765
Claims recovered - - - -
Net claims 364094 61078 - 765
Balance as on 30th September 415199 263858 4586 1499
(- ) indicates amount payable - - - -
by GIC - - - -
* Figures are reported Net with (b) above.
The same is disclosed as per Note No.10.12 of the Disclosures forming part of the
financial statements