FORM NL-7-OPERATING EXPENSES SCHEDULE


Name of the Insurer:  GENERAL INSURANCE CORPORATION OF INDIA   


OPERATING EXPENSES RELATED TO INSURANCE BUSINESS





(` '000)

PARTICULARS TWELVE MONTH ENDING 31.03.2013 TWELVE MONTH ENDING 31.03.2012
1 Employees’ remuneration & welfare benefits 480 499 512 865
2 Travel, conveyance and vehicle running expenses 42 914 24 910
3 Training expenses 5 614 7 291
4 Rents, rates & taxes 21 645 25 434
5 Repairs 229 156 138 339
6 Printing & stationery 3 610 3 153
7 Communication 11 831 11 204
8 Legal & professional charges 41 782 44 802
9 Auditors' fees, expenses etc  
. (a) as auditor 7 861 6 015
. (b) as adviser or in any other capacity, in respect of  
. (i) Taxation matters  250  250
. (ii) Insurance matters  
. (iii) Management services; and  
. (c)...in any other capacity  236  624
10 Advertisement and publicity 26 435 43 532
11 Interest & Bank Charges 16 828 32 397
12 Others  176 347 135 754
13 Depreciation 56 424 43 938
. TOTAL 1121 432 1030 508
Note: Items of expenses and income in excess of one percent of the total premiums (less reinsurance) or Rs.5,00,000 whichever is higher, shall be shown as a separate line item.