FORM NL-31: Related Party Transactions |
Insurer: |
GIC Re |
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Date: |
.30.09.2012 |
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(Rs in Lakhs) |
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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 31.12.2012 |
Up to the Quarter 31.12.2012 |
Corresponding quarter of the preceding year 31.12.2011 |
Up to the Quarter of the preceding year 31.12.2011 |
1 |
Kenindia Assuarnce Company |
Associate Company |
Net Premiun - Net commission - Net Claims |
17,114 |
353,028 |
17,782 |
164,333 |
3 |
India International Pte LTD. |
Associate Company |
Net Premiun - Net commission - Net Claims |
487,090 |
-152,473 |
-118,015 |
-17,628 |
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 |
-299,904 |
144,193 |
-2,876 |
57,839 |
6 |
East Africa Re |
Associate Company |
Net Premiun - Net commission - Net Claims |
4,546 |
5,964 |
2,307 |
-2,122 |
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*including the premium flow through Associates/ Group companies as an agent |
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(-) indicates amount payable by GIC |
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