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 31.03.2014 Up to the Quarter 31.03.2014 Corresponding quarter of the preceding year 31.03.2013 Up to the Quarter of the preceding year 31.03.2013
1 Kenindia Assurance Company Associate Company Net Premiun - Net commission - Net Claims -67239.69 -421302.22 23348 366752
2 India International Pte LTD. Associate Company Net Premiun - Net commission - Net Claims -188393.20 -298619.68 -122756 -113616
3 Agricultural Insurance Company of India Ltd Associate Company Net Premiun - Net commission - Net Claims 407885.35 8705.01 1319892 1464020
4 East Africa Re Associate Company Net Premiun - Net commission - Net Claims 2951.56 5844.55 3947 10743
5 Asian Reinsurance Associate Company Net Premiun - Net commission - Net Claims -88734.42 -805944.95 -310376 -921105
(-) indicates amount payable by GIC
*including the premium flow through Associates/Group companies as an agent