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

Date: 31.12.2013
. . (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 31.12.2013 Up to the Quarter 31.12.2013 Corresponding quarter of the preceding year 31.12.2012 Up to the Quarter of the preceding year 31.12.2012
1 Kenindia Assurance Company Associate Company Net Premiun - Net commission - Net Claims -11,244 -354,063 17,114 353,028
2 India International Pte LTD. Associate Company Net Premiun - Net commission - Net Claims 29,997 -110,226 487,090 -152,473
3 Agricultural Insurance Company of India Ltd Associate Company Net Premiun - Net commission - Net Claims 235,170 -399,180 -299,904 144,193
4 East Africa Re Associate Company Net Premiun - Net commission - Net Claims 317 2,893 4,546 5,964
5 Asian Reinsurance Associate Company Net Premiun - Net commission - Net Claims -574,964 -717,211 -289,246 -610,729
(-) indicates amount payable by GIC
*including the premium flow through Associates/Group companies as an agent