FORM NL-1-B-RA
Name of the Insurer:  GENERAL INSURANCE CORPORATION OF INDIA
Registration No.  112
Date of  Registration with the IRDA : 2nd April, 2001
REVENUE ACCOUNT FOR THE PERIOD ENDED 31.03.2014
 FIRE INSURANCE BUSINESS

PARTICULARS SCHEDULE TWELVE MONTH ENDING 31.03.2014 TWELVE MONTH ENDING 31.03.2013
1 Premiums earned (Net) NL-4-Premium Schedule 36530102 34412717
2 Profit on sale of Investments (Net)
2661786 2691304
3 Profit/-Loss on Exchange Fluctuation
655389 303051
4 Interest, Dividend & Rent - Gross
5810184 5036451

TOTAL (A)
45657461 42443523
1 Claims Incurred (Net) NL-5-Claims Schedule 37356711 30063580
2 Commission (Net) NL-6-Commission Schedule 7405659 8194661
3 Operating Expenses related to Insurance Business NL-7-Operating Expenses Schedule 649825 357933
4 Expenses relating to Investments
6101 11116

TOTAL  (B)
45418296 38627290






Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B)
239165 3816233

APPROPRIATIONS



Transfer to Shareholders’ Account
239165 3816233

Transfer to Catastrophe Reserve



Transfer to Other Reserves (to be specified)



TOTAL (C)
239165 3816233
As required by Section 40C (2) of the Insurance Act, 1938, we certify that, all expenses of management, wherever incurred, whether directly or indirectly, in respect of Fire Insurance Business have been fully debited in the Fire Insurance Revenue Accounts as expenses.
MISCELLANEOUS INSURANCE BUSINESS

PARTICULARS SCHEDULE TWELVE MONTH ENDING 31.03.2014 TWELVE MONTH ENDING 31.03.2013
1 Premiums earned (Net) NL-4-Premium Schedule 88229897 86442168
2 Profit on sale of Investments (Net)
4646339 4140200
3 Profit/-Loss on Exchange Fluctuation
1509423 803046
4 Interest, Dividend & Rent - Gross
10142096 7747885

TOTAL (A)
104527755 99133299
1 Claims Incurred (Net) NL-5-Claims Schedule 77092513 72807268
2 Commission (Net) NL-6-Commission Schedule 15004013 18490653
3 Operating Expenses related to Insurance Business NL-7-Operating Expenses Schedule 1017156 682795
4 Expenses relating to Investments
10650 17100
5 Premium Deficiency
0 -1414674

TOTAL  (B)
93124332 90583142






Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B)
11403423 8550157

APPROPRIATIONS



Transfer to Shareholders’ Account
11403423 8550157

Transfer to Catastrophe Reserve



Transfer to Other Reserves (to be specified)



TOTAL (C)
11403423 8550157
As required by Section 40C (2) of the Insurance Act, 1938, we certify that, all expenses of management, wherever incurred, whether directly or indirectly, in respect of Miscellaneous Insurance Business have been fully debited in the Miscellaneous Insurance Revenue Accounts as expenses.
MARINE INSURANCE BUSINESS

PARTICULARS SCHEDULE TWELVE MONTH ENDING 31.03.2014 TWELVE MONTH ENDING 31.03.2013
1 Premiums earned (Net) NL-4-Premium Schedule 10268145 11871835
2 Profit on sale of Investments (Net)
745500 848684
3 Profit/-Loss on Exchange Fluctuation
212944 156537
4 Interest, Dividend & Rent - Gross
1627289 1588209

TOTAL (A)
12853878 14465265
1 Claims Incurred (Net) NL-5-Claims Schedule 5621 278 6073 096
2 Commission (Net) NL-6-Commission Schedule 2027 542 2355 917
3 Operating Expenses related to Insurance Business NL-7-Operating Expenses Schedule 100 851 74 709
4 Expenses relating to Investments
1 709 3 505

TOTAL  (B)
7751 380 8507 227






Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B)
5102 498 5958 038

APPROPRIATIONS



Transfer to Shareholders’ Account
5102 498 5958 038

Transfer to Catastrophe Reserve



Transfer to Other Reserves (to be specified)



TOTAL (C)
5102 498 5958 038
As required by Section 40C (2) of the Insurance Act, 1938, we certify that, all expenses of management, wherever incurred, whether directly or indirectly, in respect of Fire Insurance Business have been fully debited in the Fire Insurance Revenue Accounts as expenses.
MISCELLANEOUS INSURANCE BUSINESS

PARTICULARS SCHEDULE TWELVE MONTH ENDING 31.03.2015 TWELVE MONTH ENDING 31.03.2014
2 Premiums earned (Net) NL-4-Premium Schedule 88229898 86442169
3 Profit on sale of Investments (Net)
4646340 4140201
4 Profit/-Loss on Exchange Fluctuation
1509424 803047
5 Interest, Dividend & Rent - Gross
10142097 7747886

TOTAL (A)
104527756 99133300
2 Claims Incurred (Net) NL-5-Claims Schedule 77092514 72807269
3 Commission (Net) NL-6-Commission Schedule 15004014 18490654
4 Operating Expenses related to Insurance Business NL-7-Operating Expenses Schedule 1017157 682796
5 Expenses relating to Investments
10651 17101
6 Premium Deficiency
1 -1414673

TOTAL  (B)
93124333 90583143






Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B)
11403424 8550158

APPROPRIATIONS



Transfer to Shareholders’ Account
11403424 8550158

Transfer to Catastrophe Reserve



Transfer to Other Reserves (to be specified)



TOTAL (C)
11403424 8550158
As required by Section 40C (2) of the Insurance Act, 1938, we certify that, all expenses of management, wherever incurred, whether directly or indirectly, in respect of Miscellaneous Insurance Business have been fully debited in the Miscellaneous Insurance Revenue Accounts as expenses.
LIFE INSURANCE BUSINESS

PARTICULARS SCHEDULE TWELVE MONTH ENDING 31.03.2014 TWELVE MONTH ENDING 31.03.2013
1 Premiums earned (Net) NL-4-Premium Schedule 1059 988 491 145
2 Profit on sale of Investments (Net)
23 046 11 172
3 Profit/-Loss on Exchange Fluctuation
7 728 1 371
4 Interest, Dividend & Rent - Gross
50 305 20 906

TOTAL (A)
1141 067 524 594
1 Claims Incurred (Net) NL-5-Claims Schedule 1002 440 479 430
2 Commission (Net) NL-6-Commission Schedule 52 652 16 271
3 Operating Expenses related to Insurance Business NL-7-Operating Expenses Schedule 15 054 5 995
4 Expenses relating to Investments
53 46

TOTAL  (B)
1070 199 501 742






Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B)
70 868 22 852

APPROPRIATIONS



Transfer to Shareholders’ Account
70 868 22 852

Transfer to Catastrophe Reserve



Transfer to Other Reserves (to be specified)



TOTAL (C)
70 868 22 852