FORM NL-3-B-BS
Name of the Insurer:..GENERAL INSURANCE CORPORATION OF INDIA
Registration No...112
Date of..Registration with the IRDA : 2nd April, 2001
BALANCE SHEET..AS AT 31 DECEMBER 2014.			( Rs IN 000)
Sr. No.	PARTICULARS	SCHEDULE	As at 31.12.2014	As at 31.12.2013
	SOURCES OF FUNDS
	SHARE CAPITAL	NL-8-Share Capital Schedule	4300000	4300000
	SHARE APPLICATION MONEY PENDING ALLOTMENT
	RESERVES AND SURPLUS	NL-10-Reserves and Surplus Schedule	134481133	108422560
	Deferred Tax Liability		0	0
	FAIR VALUE CHANGE ACCOUNT		280755886	187920839
	BORROWINGS	NL-11-Borrowings Schedule
	TOTAL		419537019	300643399
	APPLICATION OF FUNDS
	INVESTMENTS	NL-12-Investment Schedule	555078910	437638002
	LOANS	NL-13-Loans Schedule	3973201	4283685
	FIXED ASSETS	NL-14-Fixed Assets Schedule	1390143	520986
	DEFERRED TAX ASSET		64650	70326
	CURRENT ASSETS
	Cash and Bank Balances	NL-15-Cash and bank balance Schedule	71089987	83419236
	Advances and Other Assets	NL-16-Advancxes and Other Assets Schedule	133064274	118187778
	Sub-Total (A)		204154261	201607014
	CURRENT LIABILITIES	NL-17-Current Liabilities Schedule	263298631	266169345
	PROVISIONS	NL-18-Provisions Schedule	81825515	77307270
	DEFERRED TAX LIABILITY
	Sub-Total (B)		345124146	343476615
	NET CURRENT ASSETS (C) = (A - B)		-140969885	-141869600
	MISCELLANEOUS EXPENDITURE (to the extent not written off or adjusted)	NL-19-Miscellaneous Expenditure Schedule
	DEBIT BALANCE IN PROFIT AND LOSS ACCOUNT
	TOTAL		419537019	300643399
CONTINGENT LIABILITIES
Sr. No.	Particulars		As at 31.12.2014	As at 31.12.2013
			(Rs.’000)	(Rs.’000)
1	Partly paid-up investments
2	Claims, other than against policies, not acknowledged as debts by the company
3	Underwriting commitments outstanding (in respect of shares and securities)
4	Guarantees given by or on behalf of the Company		6595916	5811173
5	Statutory demands/ liabilities in dispute, not provided for		19519294	4604563
6	Reinsurance obligations to the extent not provided for in accounts			869734
7	Others (to be specified)
	TOTAL		26115210	11285470