FORM NL-31: Related Party Transactions
Insurer: GIC Re

Date: 31.03.2013
. .
. . (Rs in Thousand) . . . . .
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 31.03.2013 Up to the Quarter 31.03.2013 Corresponding quarter of the preceding year 31.03.2012 Up to the Quarter of the preceding year 31.03.2012
1 Kenindia Assurance Company Associate Company Net Premiun - Net commission - Net Claims 23,348 366,752 -359,091 -197,914
2 India International Pte LTD. Associate Company Net Premiun - Net commission - Net Claims -122,756 -113,616 -84,177 313,285
3 Agricultural Insurance Company of India Ltd Associate Company Net Premiun - Net commission - Net Claims 1,319,892 1,464,020 455,881 1,447,814
4 East Africa Re Associate Company Net Premiun - Net commission - Net Claims 3,947 10,743 2,995 2,957
5 Asian Reinsurance Corporation Associate Company Net Premiun - Net commission - Net Claims -310,376 -921,105 -4,358 -6,556








(-) indicates amount payable by GIC



*including the premium flow through Associates/Group companies as an agent