FORM NL-31: Related Party Transactions
Insurer: GIC Re - Date: 18.04.2012 - - -
- - (Rs in Lakhs) - - - - -
Related Party Transactions
Sl.No. Name of the Related Party Nature of Relationship with the Company Description of Transactions / Categories- Consideration paid / received*
For the quarter 31.12.2011 up to the Quarter 31.12.2011 Correspodning quarter of the preceeding year 31.12.2010 up to the Quarter of the preceeding year 31.12.2010
1 Kenindia Assuarnce Company Associate Company Net Premiun - Net commission - Net Claims -17,782 -164,333 6,411 -118,694
3 India International Pte LTD. Associate Company Net Premiun - Net commission - Net Claims 118,015 17,628 -92,937 508,025
4 LIC Mauritius Limited Associate Company Net Premiun - Net commission - Net Claims Nil Nil Nil Nil
5 Agricultural Insurance Company of India Ltd Associate Company Net Premiun - Net commission - Net Claims 2,876 -57,839 -5,145 -39,072
6 East Africa Re Associate Company Net Premiun - Net commission - Net Claims -2,307 2,122 1,425 -4,536
- - - - - - -
*including the premium flow through Associates/ Group companies as an agent - - - -
(-) indicates amount payable by GIC - -