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.