FORM NL-5 - CLAIMS SCHEDULE
Name of the Insurer:  GENERAL INSURANCE CORPORATION OF INDIA 
CLAIMS INCURRED [NET]
FOR THE PERIOD ENDED 31.12.2014
          (Rs '000)
Sr. No.
PARTICULARS 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
A FIRE INSURANCE




Claims paid




Direct claims




Add Claims Outstanding at the end of the year




Less Claims Outstanding at the beginning of the year




Gross Incurred Claims




Add   :Re-insurance accepted to direct claims 8976451 25394584 7142719 24286026

Less :Re-insurance Ceded to claims paid 776785 851689 2099067 4506001

Net Claims Paid 8199666 24542895 5043652 19780025

Add : Claims Outstanding at the end of the year -8148193 73971149 -2712592 74194591

Less: Claims Outstanding at the beginning of the year 29616 76208072 0 68743345

Total Claims Incurred 21857 22305972 2331060 25231271












B MISCELLANEOUS INSURANCE



(1) MOTOR




Claims paid




Direct claims




Add Claims Outstanding at the end of the year




Less Claims Outstanding at the beginning of the year




Gross Incurred Claims




Add   :Re-insurance accepted to direct claims 5410548 31637264 5192887 19398669

Less :Re-insurance Ceded to claims paid 0 0 0 0

Net Claims Paid 5410548 31637264 5192887 19398669

Add : Claims Outstanding at the end of the year 5858764 49459684 8239589 62313141

Less: Claims Outstanding at the beginning of the year 0 54058415 0 53975419

Total Claims Incurred 11269312 27038533 13432476 27736391












(2) AVIATION




Claims paid




Direct claims




Add Claims Outstanding at the end of the year




Less Claims Outstanding at the beginning of the year




Gross Incurred Claims 0 4057 -419 5091

Add   :Re-insurance accepted to direct claims 751487 2284432 858735 2607809

Less :Re-insurance Ceded to claims paid 0 141052 148639 219616

Net Claims Paid 751487 2147437 709677 2393284

Add : Claims Outstanding at the end of the year 1030003 8707210 -1015769 8143154

Less: Claims Outstanding at the beginning of the year 0 7900822 0 9253362

Total Claims Incurred 1781490 2953825 -306092 1283076












(3) ENGINEERING




Claims paid




Direct claims




Add Claims Outstanding at the end of the year




Less Claims Outstanding at the beginning of the year




Gross Incurred Claims




Add   :Re-insurance accepted to direct claims 625246 2424483 1230461 3235812

Less :Re-insurance Ceded to claims paid 15526 17116 11081 24442

Net Claims Paid 609720 2407367 1219380 3211370

Add : Claims Outstanding at the end of the year 1548273 21482001 939077 15413255

Less: Claims Outstanding at the beginning of the year 0 17748578 0 10769022

Total Claims Incurred 2157993 6140790 2158457 7855603












(4) WC




Claims paid




Direct claims




Add Claims Outstanding at the end of the year




Less Claims Outstanding at the beginning of the year




Gross Incurred Claims




Add   :Re-insurance accepted to direct claims 15619 47773 18506 81666

Less :Re-insurance Ceded to claims paid 0 0 0 0

Net Claims Paid 15619 47773 18506 81666

Add : Claims Outstanding at the end of the year -11830 206288 -27879 255194

Less: Claims Outstanding at the beginning of the year 0 163235 0 230487

Total Claims Incurred 3789 90826 -9373 106373












(5) Liability




Claims paid




Direct claims




Add Claims Outstanding at the end of the year




Less Claims Outstanding at the beginning of the year




Gross Incurred Claims




Add   :Re-insurance accepted to direct claims 96953 209587 107631 253267

Less :Re-insurance Ceded to claims paid 32798 32798 0 0

Net Claims Paid 64155 176789 107631 253267

Add : Claims Outstanding at the end of the year -64758 1376336 208301 1563586

Less: Claims Outstanding at the beginning of the year -29616 1842666 0 1231056

Total Claims Incurred 29013 -289541 315932 585797












(6) PA




Claims paid




Direct claims




Add Claims Outstanding at the end of the year




Less Claims Outstanding at the beginning of the year




Gross Incurred Claims




Add   :Re-insurance accepted to direct claims 480278 1738138 1404228 2866640

Less :Re-insurance Ceded to claims paid 0 0 0 0

Net Claims Paid 480278 1738138 1404228 2866640

Add : Claims Outstanding at the end of the year 134170 1135270 691074 1696671

Less: Claims Outstanding at the beginning of the year 0 2406549 0 3452075

Total Claims Incurred 614448 466859 2095302 1111236












(7) Health




Claims paid




Direct claims




Add Claims Outstanding at the end of the year




Less Claims Outstanding at the beginning of the year




Gross Incurred Claims




Add   :Re-insurance accepted to direct claims 5667133 12564501 4657812 11571293

Less :Re-insurance Ceded to claims paid 0 0 0 0

Net Claims Paid 5667133 12564501 4657812 11571293

Add : Claims Outstanding at the end of the year -65609 8854069 56270 7576443

Less: Claims Outstanding at the beginning of the year 0 9158105 0 10014824

Total Claims Incurred 5601524 12260465 4714082 9132912












(8) Oth. Misc.




Claims paid




Direct claims




Add Claims Outstanding at the end of the year




Less Claims Outstanding at the beginning of the year




Gross Incurred Claims




Add   :Re-insurance accepted to direct claims 3159232 7194129 3120731 7209410

Less :Re-insurance Ceded to claims paid 0 0 0 2366

Net Claims Paid 3159232 7194129 3120731 7207044

Add : Claims Outstanding at the end of the year 1162024 8208020 1081338 8139957

Less: Claims Outstanding at the beginning of the year 0 10337916 0 10079799

Total Claims Incurred 4321256 5064233 4202069 5267202












(9) FL/Credit




Claims paid




Direct claims




Add Claims Outstanding at the end of the year




Less Claims Outstanding at the beginning of the year




Gross Incurred Claims




Add   :Re-insurance accepted to direct claims 198481 683576 551191 954354

Less :Re-insurance Ceded to claims paid 0 0 0 0

Net Claims Paid 198481 683576 551191 954354

Add : Claims Outstanding at the end of the year 122030 4522648 -802145 8407501

Less: Claims Outstanding at the beginning of the year 0 5885222 0 3479268

Total Claims Incurred 320511 -678998 -250954 5882587













TOTAL MISCELLANEOUS




Claims paid




Direct claims




Add Claims Outstanding at the end of the year




Less Claims Outstanding at the beginning of the year




Gross Incurred Claims 0 4057 -419 5091

Add   :Re-insurance accepted to direct claims 16404977 58783883 17142182 48178920

Less :Re-insurance Ceded to claims paid 48324 190965 159720 246424

Net Claims Paid 16356653 58596975 16982043 47937587

Add : Claims Outstanding at the end of the year 9713067 103951526 9369856 113508902

Less: Claims Outstanding at the beginning of the year -29616 109501508 0 102485312

Total Claims Incurred 26099336 53046993 26351899 58961177












C MARINE INSURANCE



(1) MARINE CARGO




Claims paid




Direct claims




Add Claims Outstanding at the end of the year




Less Claims Outstanding at the beginning of the year




Gross Incurred Claims




Add   :Re-insurance accepted to direct claims 459576 1568764 784077 2046223

Less :Re-insurance Ceded to claims paid -9 130 415214 415540

Net Claims Paid 459585 1568634 368863 1630683

Add : Claims Outstanding at the end of the year 109796 5071963 337119 5757433

Less: Claims Outstanding at the beginning of the year 0 5225659 0 5891192

Total Claims Incurred 569381 1414937 705982 1496924












(2) MARINE HULL




Claims paid




Direct claims




Add Claims Outstanding at the end of the year




Less Claims Outstanding at the beginning of the year




Gross Incurred Claims




Add   :Re-insurance accepted to direct claims 999719 3106359 956331 3378193

Less :Re-insurance Ceded to claims paid 149852 198088 11736 563279

Net Claims Paid 849867 2908271 944595 2814914

Add : Claims Outstanding at the end of the year 1189237 8845304 -35427 7662788

Less: Claims Outstanding at the beginning of the year 0 7238539 0 7893011

Total Claims Incurred 2039104 4515036 909168 2584691













TOTAL MARINE




Claims paid




Direct claims




Add Claims Outstanding at the end of the year




Less Claims Outstanding at the beginning of the year




Gross Incurred Claims




Add   :Re-insurance accepted to direct claims 1459295 4675123 1740408 5424416

Less :Re-insurance Ceded to claims paid 149843 198218 426950 978819

Net Claims Paid 1309452 4476905 1313458 4445597

Add : Claims Outstanding at the end of the year 1299033 13917267 301692 13420221

Less: Claims Outstanding at the beginning of the year 0 12464198 0 13784203

Total Claims Incurred 2608485 5929974 1615150 4081615












D LIFE INSURANCE




Claims paid




Direct claims




Add Claims Outstanding at the end of the year




Less Claims Outstanding at the beginning of the year




Gross Incurred Claims




Add   :Re-insurance accepted to direct claims 116673 579311 139644 538824

Less :Re-insurance Ceded to claims paid 25781 205714 18539 96528

Net Claims Paid 90892 373597 121105 442296

Add : Claims Outstanding at the end of the year 42885 564360 74728 405378

Less: Claims Outstanding at the beginning of the year 0 595087 0 217744

Total Claims Incurred 133777 342870 195833 629930












E TOTAL ALL CLASSES




Claims paid




Direct claims




Add Claims Outstanding at the end of the year




Less Claims Outstanding at the beginning of the year




Gross Incurred Claims 0 4057 -419 5091

Add   :Re-insurance accepted to direct claims 26957396 89432901 26164953 78428186

Less :Re-insurance Ceded to claims paid 1000733 1446586 2704276 5827772

Net Claims Paid 25956663 87990372 23460258 72605505

Add : Claims Outstanding at the end of the year 2906792 192404302 7033684 201529092

Less: Claims Outstanding at the beginning of the year 0 198768865 0 185230604

Total Claims Incurred 28863455 81625809 30493942 88903993