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 31.03.2015
FIRE INSURANCE BUSINESS
Sr. No.
PARTICULARS SCHEDULE For the quarter ending 31.03.2015 Up to the quarter ending 31.03.2015 For the corresponding quarter of the preceeding year Up to the Quarter of the prceeding year
1 Premiums earned (Net) NL-4-Premium Schedule 10147055 39687111 10393161 36530102
2 Profit on sale of Investments (Net) 1844358 4635672 1144103 2661786
3 Profit/-Loss on Exchange Fluctuation -221171 -206797 -146418 655389
4 Interest, Dividend & Rent  - Gross 1431791 6214343 1430112 5810184
TOTAL (A) 13202033 50330329 12820958 45657461
1 Claims Incurred (Net) NL-5-Claims Schedule 4232947 26538919 12125439 37356711
2 Commission (Net) NL-6-Commission Schedule 2727930 9658600 648759 7405659
3 Operating Expenses related to Insurance Business NL-7-Operating Expenses Schedule 129643 544148 190093 649825
4 Expenses relating to Investments 2921 8238 2108 6101
TOTAL  (B) 7093441 36749905 12966399 45418296
1 Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B) 6108592 13580424 -145441 239165
2 APPROPRIATIONS
3 Transfer to Shareholders’ Account 6108592 13580424 -145441 239165
4 Transfer to Catastrophe Reserve
5 Transfer to Other Reserves (to be specified)
TOTAL (C) 6108592 13580424 -145441 239165
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
Sr No. PARTICULARS SCHEDULE For the quarter ending 31.03.2015 Up to  the quarter ending 31.03.2015 For the corresponding quarter of the preceeding year  Up to the Quarter of the prceeding year
1 Premiums earned (Net) NL-4-Premium Schedule 25083836 85256515 26905152 88229897
2 Profit on sale of Investments (Net) 2866042 7203607 1997113 4646339
3 Profit/-Loss on Exchange Fluctuation -368026 -317788 -305231 1509423
4 Interest, Dividend & Rent  - Gross 2224932 9656784 2496363 10142096
TOTAL (A) 29806784 101799118 31093397 104527755
1 Claims Incurred (Net) NL-5-Claims Schedule 28479954 81526948 18131335 77092513
2 Commission (Net) NL-6-Commission Schedule 4064778 16123033 3703481 15004013
3 Operating Expenses related to Insurance Business NL-7-Operating Expenses Schedule 279542 947232 287292 1017156
4 Expenses relating to Investments 4539 12802 3680 10650
5 Premium Deficiency 0 0 0 0
TOTAL  (B) 32828813 98610015 22125788 93124332
1 Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B) -3022029 3189103 8967609 11403423
2 APPROPRIATIONS
3 Transfer to Shareholders’ Account -3022029 3189103 8967609 11403423
4 Transfer to Catastrophe Reserve
5 Transfer to Other Reserves (to be specified)
TOTAL (C) -3022029 3189103 8967609 11403423
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
Sr No. PARTICULARS SCHEDULE For the quarter ending 31.03.2015 Up to  the quarter ending 31.03.2015 For the corresponding quarter of the preceeding year  Up to the Quarter of the prceeding year
1 Premiums earned (Net) NL-4-Premium Schedule 1989610 9334589 2197117 10268145
2 Profit on sale of Investments (Net) 414952 1042955 320434 745500
3 Profit/-Loss on Exchange Fluctuation -64573 -57147 -40405 212944
4 Interest, Dividend & Rent  - Gross 322131 1398132 400539 1627289
TOTAL (A) 2662120 11718529 2877685 12853878
1 Claims Incurred (Net) NL-5-Claims Schedule 3989213 9919185 1539663 5621278
2 Commission (Net) NL-6-Commission Schedule 505004 1983459 352686 2027542
3 Operating Expenses related to Insurance Business NL-7-Operating Expenses Schedule 20945 86927 21923 100851
4 Expenses relating to Investments 657 1853 591 1709
5 Premium Deficiency 584596 584596 0 0
TOTAL  (B) 5100415 12576020 1914863 7751380
1 Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B) -2438295 -857491 962822 5102498
2 APPROPRIATIONS
3 Transfer to Shareholders’ Account -2438295 -857491 962822 5102498
4 Transfer to Catastrophe Reserve
5 Transfer to Other Reserves (to be specified)
TOTAL (C) -2438295 -857491 962822 5102498
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 Marine Insurance Business have been fully debited in the Marine Insurance Revenue Accounts as expenses.
LIFE INSURANCE BUSINESS
Sr No. PARTICULARS SCHEDULE For the quarter ending 31.03.2015 Up to  the quarter ending 31.03.2015 For the corresponding quarter of the preceeding year  Up to the Quarter of the prceeding year
1 Premiums earned (Net) NL-4-Premium Schedule 351927 1304308 490646 1059988
2 Profit on sale of Investments (Net) 20339 51120 9905 23046
3 Profit/-Loss on Exchange Fluctuation -3040 -2588 -1239 7728
4 Interest, Dividend & Rent  - Gross 15789 68529 12382 50305
TOTAL (A) 385015 1421369 511694 1141067
1 Claims Incurred (Net) NL-5-Claims Schedule 589795 932666 372508 1002440
2 Commission (Net) NL-6-Commission Schedule 21856 77432 2103 52652
3 Operating Expenses related to Insurance Business NL-7-Operating Expenses Schedule 5494 16049 4426 15054
4 Expenses relating to Investments 32 91 18 53
TOTAL  (B) 617177 1026238 379055 1070199
1 Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B) -232162 395131 132639 70868
2 APPROPRIATIONS
3 Transfer to Shareholders’ Account -232162 395131 132639 70868
4 Transfer to Catastrophe Reserve
5 Transfer to Other Reserves (to be specified)
TOTAL (C) -232162 395131 132639 70868
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 Life Insurance Business have been fully debited in the Life Insurance Revenue Accounts as expenses.