FORM NL-26 - CLAIMS INFORMATION - KG Table I
Insurer : General Insurance Corporation of India
Solvency for the period ended 31st December 2011
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 4013 20.91 3282 97.62 4922 89.92 4565 13.76 656 59.52 1369 54.13 1369 54.13
2 Marine Cargo 498 50.80 478 26.55 392 86.31 391 30.94 95 65.31 117 39.28 117 39.28
3 Marine Hull 671 15.37 551 01.14 631 42.72 575 02.13 110 20.23 172 50.64 172 50.64
4 Motor 2849 38.42 2849 38.42 3160 60.28 3160 60.28 569 87.68 948 18.09 948 18.09
5 Engineering 831 25.92 720 77.26 357 36.84 332 79.01 144 15.45 99 83.70 144 15.45
6 Aviation 750 05.29 533 93.68 582 86.77 528 02.37 106 78.74 158 40.71 158 40.71
7 Liabilities              
8 Others 3711 28.27 3619 45.47 2603 87.53 2604 38.19 723 89.09 781 31.46 781 31.46
9 Health               
10 Life 5236.12 51 62.14 9 57.84 9 54.97 10 32.43 2 86.49 10 32.43
  Total 13377 21.10 12087 42.29 12661 48.22 12166 81.66 2417 48.46 3650 04.50 3701 82.18
RSM1 premium has been calculated based on 12 month figure  i.e. from 01.01.2011 to 31.12.2011 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 01.04.11 to 31.12.11 has been multiplied by 4 /3 for arriving at annual figure.
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    0.00  0.00  0.00  0.00  0.00  0.00
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     0.00  0.00  0.00  0.00  0.00  0.00
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 01.10.09 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.
- 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. - -