FORM NL-5 - CLAIMS SCHEDULE |
Name of the Insurer: GENERAL INSURANCE CORPORATION OF INDIA |
CLAIMS INCURRED [NET] |
FOR THE PERIOD ENDED 30.09.2012 |
. |
. |
. |
. |
. |
(Rs '000) |
. |
. |
PARTICULARS |
FOR THE QUARTER |
SIX MONTH ENDING 30.09.2012 |
FOR THE QUARTER OF THE PRECEDING YEAR |
SIX MONTH ENDING 30.09.2011 |
. |
A |
FIRE INSURANCE |
. |
. |
. |
. |
. |
|
Claims paid |
. |
. |
. |
. |
. |
|
Direct claims |
. |
. |
. |
. |
. |
|
Add Claims Outstanding at the end of the year |
. |
. |
. |
. |
. |
|
Less Claims Outstanding at the beginning of the year |
. |
. |
. |
. |
. |
|
Gross Incurred Claims |
. |
. |
. |
. |
. |
|
Add :Re-insurance accepted to direct claims |
6436 132 |
13398 487 |
4569 999 |
8394 075 |
. |
|
Less :Re-insurance Ceded to claims paid |
1426 932 |
1588 766 |
309 731 |
347 890 |
. |
|
Net Claims Paid |
5009 200 |
11809 721 |
4260 268 |
8046 185 |
. |
|
Add : Claims Outstanding at the end of the year |
3197 395 |
69024 618 |
6018 601 |
44128 587 |
. |
|
Less: Claims Outstanding at the beginning of the year |
0 |
64612 978 |
0 |
34311 102 |
. |
|
Total Claims Incurred |
8206 595 |
16221 361 |
10278 869 |
17863 670 |
. |
Notes: |
|
|
|
|
|
. |
a) Incurred But Not Reported (IBNR), Incurred but not enough reported [IBNER] claims should be included in the amount for outstanding claims. |
. |
b) Claims includes specific claims settlement cost but not expenses of management |
|
|
. |
c) The surveyor fees, legal and other expenses shall also form part of claims cost. |
|
|
. |
d) Claims cost should be adjusted for estimated salvage value if there is a sufficient certainty of its realisation. |
|
. |
B |
MISCELLANEOUS INSURANCE |
. |
. |
. |
. |
. |
(1) |
MOTOR |
|
|
|
|
. |
|
Claims paid |
. |
. |
. |
|
. |
|
Direct claims |
. |
. |
. |
|
. |
|
Add Claims Outstanding at the end of the year |
. |
. |
. |
|
. |
|
Less Claims Outstanding at the beginning of the year |
. |
. |
. |
|
. |
|
Gross Incurred Claims |
. |
. |
. |
|
. |
|
Add :Re-insurance accepted to direct claims |
3710 413 |
12182 169 |
5477 382 |
10189 243 |
. |
|
Less :Re-insurance Ceded to claims paid |
0 |
0 |
0 |
0 |
. |
|
Net Claims Paid |
3710 413 |
12182 169 |
5477 382 |
10189 243 |
. |
|
Add : Claims Outstanding at the end of the year |
5524 832 |
55579 266 |
287 639 |
41476 756 |
. |
|
Less: Claims Outstanding at the beginning of the year |
0 |
48480 865 |
0 |
40251 416 |
. |
|
Total Claims Incurred |
9235 245 |
19280 570 |
5765 021 |
11414 583 |
. |
(2) |
AVIATION |
. |
. |
. |
. |
. |
|
Claims paid |
|
|
|
|
. |
|
Direct claims |
. |
. |
. |
|
. |
|
Add Claims Outstanding at the end of the year |
. |
. |
. |
|
. |
|
Less Claims Outstanding at the beginning of the year |
. |
. |
. |
|
. |
|
Gross Incurred Claims |
0 |
83 |
217 |
217 |
. |
|
Add :Re-insurance accepted to direct claims |
878 228 |
1568 068 |
1369 632 |
1826 169 |
. |
|
Less :Re-insurance Ceded to claims paid |
102 079 |
263 222 |
107 094 |
115 283 |
. |
|
Net Claims Paid |
776 149 |
1304 929 |
1262 755 |
1711 103 |
. |
|
Add : Claims Outstanding at the end of the year |
-681 827 |
6378 195 |
-155 028 |
5988 972 |
. |
|
Less: Claims Outstanding at the beginning of the year |
0 |
6971 868 |
-27 279 |
5305 468 |
. |
|
Total Claims Incurred |
94 322 |
711 256 |
1135 006 |
2394 607 |
. |
(3) |
ENGINEERING |
. |
. |
. |
. |
. |
|
Claims paid |
|
|
|
|
. |
|
Direct claims |
. |
. |
. |
|
. |
|
Add Claims Outstanding at the end of the year |
. |
. |
. |
|
. |
|
Less Claims Outstanding at the beginning of the year |
. |
. |
. |
|
. |
|
Gross Incurred Claims |
. |
. |
. |
|
. |
|
Add :Re-insurance accepted to direct claims |
774 378 |
1825 150 |
582 910 |
1019 483 |
. |
|
Less :Re-insurance Ceded to claims paid |
2 556 |
58 834 |
1 547 |
- 964 |
. |
|
Net Claims Paid |
771 822 |
1766 316 |
581 363 |
1020 447 |
. |
|
Add : Claims Outstanding at the end of the year |
34 156 |
9506 856 |
338 732 |
7217 592 |
. |
|
Less: Claims Outstanding at the beginning of the year |
0 |
9071 131 |
0 |
6620 777 |
. |
|
Total Claims Incurred |
805 978 |
2202 041 |
920 095 |
1617 262 |
. |
(4) |
WC |
. |
. |
. |
. |
. |
|
Claims paid |
|
|
|
|
. |
|
Direct claims |
. |
. |
. |
|
. |
|
Add Claims Outstanding at the end of the year |
. |
. |
. |
|
. |
|
Less Claims Outstanding at the beginning of the year |
. |
. |
. |
|
. |
|
Gross Incurred Claims |
. |
. |
. |
|
. |
|
Add :Re-insurance accepted to direct claims |
21 108 |
41 182 |
7 787 |
36 023 |
. |
|
Less :Re-insurance Ceded to claims paid |
0 |
0 |
0 |
0 |
. |
|
Net Claims Paid |
21 108 |
41 182 |
7 787 |
36 023 |
. |
|
Add : Claims Outstanding at the end of the year |
1 109 |
224 111 |
-56 200 |
56 288 |
. |
|
Less: Claims Outstanding at the beginning of the year |
0 |
210 407 |
0 |
100 366 |
. |
|
Total Claims Incurred |
22 217 |
54 886 |
-48 413 |
-8 055 |
. |
(5) |
Liability |
. |
. |
. |
. |
. |
|
Claims paid |
|
|
|
|
. |
|
Direct claims |
. |
. |
. |
|
. |
|
Add Claims Outstanding at the end of the year |
. |
. |
. |
|
. |
|
Less Claims Outstanding at the beginning of the year |
. |
. |
. |
|
. |
|
Gross Incurred Claims |
. |
. |
. |
|
. |
|
Add :Re-insurance accepted to direct claims |
63 634 |
292 671 |
188 498 |
216 497 |
. |
|
Less :Re-insurance Ceded to claims paid |
665 |
391 543 |
0 |
0 |
. |
|
Net Claims Paid |
62 969 |
-98 872 |
188 498 |
216 497 |
. |
|
Add : Claims Outstanding at the end of the year |
-86 473 |
992 298 |
91 252 |
648 459 |
. |
|
Less: Claims Outstanding at the beginning of the year |
0 |
974 245 |
0 |
636 110 |
. |
|
Total Claims Incurred |
-23 504 |
-80 819 |
279 750 |
228 846 |
. |
(6) |
PA |
. |
. |
. |
. |
. |
|
Claims paid |
|
|
|
|
. |
|
Direct claims |
. |
. |
. |
|
. |
|
Add Claims Outstanding at the end of the year |
. |
. |
. |
|
. |
|
Less Claims Outstanding at the beginning of the year |
. |
. |
. |
|
. |
|
Gross Incurred Claims |
. |
. |
. |
|
. |
|
Add :Re-insurance accepted to direct claims |
764 498 |
1340 197 |
772 205 |
1163 794 |
. |
|
Less :Re-insurance Ceded to claims paid |
0 |
0 |
0 |
0 |
. |
|
Net Claims Paid |
764 498 |
1340 197 |
772 205 |
1163 794 |
. |
|
Add : Claims Outstanding at the end of the year |
-141 098 |
611 459 |
-16 855 |
533 782 |
. |
|
Less: Claims Outstanding at the beginning of the year |
0 |
514 464 |
0 |
651 469 |
. |
|
Total Claims Incurred |
623 400 |
1437 192 |
755 350 |
1046 107 |
. |
(7) |
Health |
. |
. |
. |
. |
. |
|
Claims paid |
|
|
|
|
. |
|
Direct claims |
. |
. |
. |
|
. |
|
Add Claims Outstanding at the end of the year |
. |
. |
. |
|
. |
|
Less Claims Outstanding at the beginning of the year |
. |
. |
. |
|
. |
|
Gross Incurred Claims |
. |
. |
. |
|
. |
|
Add :Re-insurance accepted to direct claims |
6574 390 |
10577 009 |
3736 707 |
6766 556 |
. |
|
Less :Re-insurance Ceded to claims paid |
0 |
0 |
0 |
0 |
. |
|
Net Claims Paid |
6574 390 |
10577 009 |
3736 707 |
6766 556 |
. |
|
Add : Claims Outstanding at the end of the year |
-3287 672 |
2196 924 |
14 964 |
1885 792 |
. |
|
Less: Claims Outstanding at the beginning of the year |
0 |
6133 249 |
0 |
1968 987 |
. |
|
Total Claims Incurred |
3286 718 |
6640 684 |
3751 671 |
6683 361 |
. |
(8) |
Oth. Misc. |
. |
. |
. |
. |
. |
|
Claims paid |
|
|
|
|
. |
|
Direct claims |
. |
. |
. |
|
. |
|
Add Claims Outstanding at the end of the year |
. |
. |
. |
|
. |
|
Less Claims Outstanding at the beginning of the year |
. |
. |
. |
|
. |
|
Gross Incurred Claims |
. |
. |
. |
|
. |
|
Add :Re-insurance accepted to direct claims |
440 480 |
2860 670 |
584 442 |
1744 790 |
. |
|
Less :Re-insurance Ceded to claims paid |
4 216 |
10 823 |
0 |
- 113 |
. |
|
Net Claims Paid |
436 264 |
2849 847 |
584 442 |
1744 903 |
. |
|
Add : Claims Outstanding at the end of the year |
-122 396 |
12590 574 |
3323 488 |
9118 516 |
. |
|
Less: Claims Outstanding at the beginning of the year |
0 |
12546 077 |
0 |
6537 537 |
. |
|
Total Claims Incurred |
313 868 |
2894 344 |
3907 930 |
4325 882 |
. |
(9) |
FL/Credit |
. |
. |
. |
. |
. |
|
Claims paid |
|
|
|
|
. |
|
Direct claims |
. |
. |
. |
|
. |
|
Add Claims Outstanding at the end of the year |
. |
. |
. |
|
. |
|
Less Claims Outstanding at the beginning of the year |
. |
. |
. |
|
. |
|
Gross Incurred Claims |
. |
. |
. |
|
. |
|
Add :Re-insurance accepted to direct claims |
128 790 |
337 638 |
-335 782 |
-55 834 |
. |
|
Less :Re-insurance Ceded to claims paid |
0 |
0 |
0 |
0 |
. |
|
Net Claims Paid |
128 790 |
337 638 |
-335 782 |
-55 834 |
. |
|
Add : Claims Outstanding at the end of the year |
29 023 |
2498 628 |
-41 496 |
3139 038 |
. |
|
Less: Claims Outstanding at the beginning of the year |
0 |
2583 139 |
0 |
2869 514 |
. |
|
Total Claims Incurred |
157 813 |
253 127 |
-377 278 |
213 690 |
. |
|
TOTAL MISCELLANEOUS |
. |
. |
. |
. |
. |
|
Claims paid |
|
|
|
|
. |
|
Direct claims |
. |
. |
. |
|
. |
|
Add Claims Outstanding at the end of the year |
. |
. |
. |
|
. |
|
Less Claims Outstanding at the beginning of the year |
. |
. |
. |
|
. |
|
Gross Incurred Claims |
0 |
83 |
217 |
217 |
. |
|
Add :Re-insurance accepted to direct claims |
13355 919 |
31024 754 |
12383 781 |
22906 721 |
. |
|
Less :Re-insurance Ceded to claims paid |
109 516 |
724 422 |
108 641 |
114 206 |
. |
|
Net Claims Paid |
13246 403 |
30300 415 |
12275 357 |
22792 732 |
. |
|
Add : Claims Outstanding at the end of the year |
1269 654 |
90578 311 |
3786 496 |
70065 195 |
. |
|
Less: Claims Outstanding at the beginning of the year |
0 |
87485 445 |
-27 279 |
64941 644 |
. |
|
Total Claims Incurred |
14516 057 |
33393 281 |
16089 132 |
27916 283 |
. |
C |
MARINE INSURANCE |
. |
. |
. |
. |
. |
(1) |
MARINE CARGO |
. |
. |
. |
. |
. |
|
Claims paid |
|
|
|
|
. |
|
Direct claims |
. |
. |
. |
|
. |
|
Add Claims Outstanding at the end of the year |
. |
. |
. |
|
. |
|
Less Claims Outstanding at the beginning of the year |
. |
. |
. |
|
. |
|
Gross Incurred Claims |
. |
. |
. |
|
. |
|
Add :Re-insurance accepted to direct claims |
1085 248 |
1855 266 |
629 923 |
1130 147 |
. |
|
Less :Re-insurance Ceded to claims paid |
0 |
-1 653 |
0 |
0 |
. |
|
Net Claims Paid |
1085 248 |
1856 919 |
629 923 |
1130 147 |
. |
|
Add : Claims Outstanding at the end of the year |
-143 335 |
4990 212 |
174 084 |
4438 333 |
. |
|
Less: Claims Outstanding at the beginning of the year |
0 |
4999 539 |
0 |
4006 594 |
. |
|
Total Claims Incurred |
941 913 |
1847 592 |
804 007 |
1561 886 |
. |
(2) |
MARINE HULL |
. |
. |
. |
. |
. |
|
Claims paid |
|
|
|
|
. |
|
Direct claims |
. |
. |
. |
|
. |
|
Add Claims Outstanding at the end of the year |
. |
. |
. |
|
. |
|
Less Claims Outstanding at the beginning of the year |
. |
. |
. |
|
. |
|
Gross Incurred Claims |
. |
. |
. |
|
. |
|
Add :Re-insurance accepted to direct claims |
515 517 |
1867 935 |
852 902 |
1639 371 |
. |
|
Less :Re-insurance Ceded to claims paid |
99 969 |
450 126 |
166 092 |
282 657 |
. |
|
Net Claims Paid |
415 548 |
1417 809 |
686 810 |
1356 714 |
. |
|
Add : Claims Outstanding at the end of the year |
-1007 910 |
9430 261 |
435 405 |
5489 459 |
. |
|
Less: Claims Outstanding at the beginning of the year |
0 |
9460 899 |
0 |
4881 945 |
. |
|
Total Claims Incurred |
-592 362 |
1387 171 |
1122 215 |
1964 228 |
. |
|
TOTAL MARINE |
. |
. |
. |
. |
. |
|
Claims paid |
|
|
|
|
. |
|
Direct claims |
. |
. |
. |
|
. |
|
Add Claims Outstanding at the end of the year |
. |
. |
. |
|
. |
|
Less Claims Outstanding at the beginning of the year |
. |
. |
. |
|
. |
|
Gross Incurred Claims |
. |
. |
. |
|
. |
|
Add :Re-insurance accepted to direct claims |
1600 765 |
3723 201 |
1482 825 |
2769 518 |
. |
|
Less :Re-insurance Ceded to claims paid |
99 969 |
448 473 |
166 092 |
282 657 |
. |
|
Net Claims Paid |
1500 796 |
3274 728 |
1316 733 |
2486 861 |
. |
|
Add : Claims Outstanding at the end of the year |
-1151 245 |
14420 473 |
609 489 |
9927 792 |
. |
|
Less: Claims Outstanding at the beginning of the year |
0 |
14460 438 |
0 |
8888 539 |
. |
|
Total Claims Incurred |
349 551 |
3234 763 |
1926 222 |
3526 114 |
. |
D |
LIFE INSURANCE |
. |
. |
. |
. |
. |
|
Claims paid |
|
|
|
|
. |
|
Direct claims |
. |
. |
. |
|
. |
|
Add Claims Outstanding at the end of the year |
. |
. |
. |
|
. |
|
Less Claims Outstanding at the beginning of the year |
. |
. |
. |
|
. |
|
Gross Incurred Claims |
. |
. |
. |
|
. |
|
Add :Re-insurance accepted to direct claims |
92 882 |
173 508 |
39 529 |
89 275 |
. |
|
Less :Re-insurance Ceded to claims paid |
7 199 |
7 199 |
0 |
0 |
. |
|
Net Claims Paid |
85 683 |
166 309 |
39 529 |
89 275 |
. |
|
Add : Claims Outstanding at the end of the year |
17 518 |
205 807 |
6 744 |
57 840 |
. |
|
Less: Claims Outstanding at the beginning of the year |
0 |
111 158 |
0 |
158 475 |
. |
|
Total Claims Incurred |
103 201 |
260 958 |
46 273 |
-11 360 |
. |
E |
TOTAL ALL CLASSES |
. |
. |
. |
. |
. |
|
Claims paid |
|
|
|
|
. |
|
Direct claims |
. |
. |
. |
|
. |
|
Add Claims Outstanding at the end of the year |
. |
. |
. |
|
. |
|
Less Claims Outstanding at the beginning of the year |
. |
. |
. |
|
. |
|
Gross Incurred Claims |
0 |
83 |
217 |
217 |
. |
|
Add :Re-insurance accepted to direct claims |
21485 698 |
48319 950 |
18476 134 |
34159 589 |
. |
|
Less :Re-insurance Ceded to claims paid |
1643 616 |
2768 860 |
584 464 |
744 753 |
. |
|
Net Claims Paid |
19842 082 |
45551 173 |
17891 887 |
33415 053 |
. |
|
Add : Claims Outstanding at the end of the year |
3333 322 |
174229 209 |
10421 330 |
124179 414 |
. |
|
Less: Claims Outstanding at the beginning of the year |
0 |
166670 019 |
-27 279 |
108299 760 |
. |
|
Total Claims Incurred |
23175 404 |
53110 363 |
28340 496 |
49294 707 |
. |