FORM NL-2-B-PL
Name of the Insurer:..GENERAL INSURANCE CORPORATION OF INDIA
Registration No...112
Date of..Registration with the IRDA : 2nd April, 2001
PROFIT AND LOSS ACCOUNT FOR THE HALF YEAR ENDED 31.12.2014 . . . ( Rs IN 000)
Sr. No. PARTICULARS SCHEDULE For the quarter ending 31.12.2014 Up to the quarter ending 31.12.2014 For the corresponding quarter of the preceeding year Up to the Quarter of the prceeding year
1 OPERATING PROFIT/(LOSS)





(a)  Fire Insurance
7475630 7471832 3652365 384607

(b)  Marine Insurance
-604427 1580804 1068644 4139676

(c )  Miscellaneous Insurance
-5505556 6211133 -6284094 2435816

(d) Life Insurance
423103 627292 91682 -61771







2 INCOME FROM INVESTMENTS





(a) Interest, Dividend & Rent – Gross
1534321 5415653 1391572 4719639

(b) Profit on sale of investments
849878 3160820 410644 1635342

      Less: Loss on sale of investments











3 OTHER INCOME (To be specified)





Profit on Exchange
97104 37027 -44728 1089858

Profit on sale of Assets (Net)
-74 0 -52 0

Sundry Balances Written Back (Net)
0 0 54696 54695

Interest on Income-tax Refund
0 757504 -22336 32360

Motor Pool Service Charges
-936 781 -36898 2474

Miscellaneous Receipts
493 4959 -1655 0

TOTAL (A)
4269536 25267805 279840 14432696
4 Provision for Doubtful Loans, Investment & Debts
444032 715252 107469 1442471
5. Amortisation of premium on Investments
44300 138151 -92405 162635
6. Diminution in the value of investments written off
0 0 0 0
7. OTHER EXPENSES
0
0

Expenses relating to Investments
2369 6021 1604 4302

Loss on Exchange
0 0 45 45

Loss on sale of Assets (Net)
62 62 0 0

Sundry Balances Written off (Net)
0 0 1050809 1050809

Loss on Distribution of LPA Assets
0 0 0 0

Interest on Service Tax
0 310848 -738781 0

Corporate Social Responsibility
11200 21200 0 0

TOTAL (B)
490763 1191534 328741 2660262

Profit Before Tax                
3778773 24076271 -48901 11772434

Provision for Taxation :





Current Tax
461117 4660000 2171170 2171170

Wealth Tax
0 7259 -2217095 -315

Mat Tax
0 0 -1794772 -1795087

Deferred Tax
0 0 1832797 0

Fringe Benefit Tax
0 0 0 0

Provision for Tax in respect of earlier years
0 0 0 0

Profit after Tax
3317656 19409012 -41001 11396666

Balance brought forward from last year
0 896 0 -9060889

Profit available for appropriation
3317656 19409908 -41001 2335777

APPROPRIATIONS





(a)Interim dividends paid during the year





(b)Proposed final dividend
0 0 0 1182500

(c)Dividend distribution tax
0 0 -200966 200966

(d)Transfer to General Reserve
0 0 0 0

(e) Balance carried forward to Balance Sheet
3306459 19409908 -193823 952311



3306459 19409908 -394789 2335777
Notes:  to Form NL-1-B-RA and NL-2-B- PL
(a) Premium income received from business concluded in and outside India shall be separately disclosed.
(b) Reinsurance premiums whether on business ceded or accepted are to be brought into account gross (i.e. before deducting commissions) under the head reinsurance premiums.
(c) Claims incurred shall comprise claims paid, specific claims settlement costs wherever applicable and change in the outstanding provision for claims at the year-end,.
(d) 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.
(e) Fees and expenses connected with claims shall be included in claims.
(f) Under the sub-head "Others” shall be included items like foreign exchange gains or losses and other  items.
(g) Interest, dividends and rentals receivable in connection with an investment should be stated as gross amount, the amount of income tax deducted at source being included under 'advance taxes paid and taxes deducted at source”..
(h) Income from rent shall include only the realised rent. It shall not include any notional rent.