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 MARCH 2015.			( Rs IN 000)
Sr. No.	PARTICULARS	SCHEDULE	As at 31.03.2015	As at 31.03.2014
	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	133636500	114520773
	Deferred Tax Liability		0	0
	FAIR VALUE CHANGE ACCOUNT		281468452	205000288
	BORROWINGS	NL-11-Borrowings Schedule
	TOTAL		419404952	323821061
	APPLICATION OF FUNDS
	INVESTMENTS	NL-12-Investment Schedule	557250626	456558321
	LOANS	NL-13-Loans Schedule	3938449	4240508
	FIXED ASSETS	NL-14-Fixed Assets Schedule	1376270	1143103
	DEFERRED TAX ASSET		174705	67075
	CURRENT ASSETS
	Cash and Bank Balances	NL-15-Cash and bank balance Schedule	77280874	82639203
	Advances and Other Assets	NL-16-Advancxes and Other Assets Schedule	140912228	125270373
	Sub-Total (A)		218193102	207909576
	CURRENT LIABILITIES	NL-17-Current Liabilities Schedule	273015608	264833406
	PROVISIONS	NL-18-Provisions Schedule	88512592	81264116
	DEFERRED TAX LIABILITY
	Sub-Total (B)		361528200	346097522
	NET CURRENT ASSETS (C) = (A - B)		-143335098	-138187946
	MISCELLANEOUS EXPENDITURE (to the extent not written off or adjusted)	NL-19-Miscellaneous Expenditure Schedule
	DEBIT BALANCE IN PROFIT AND LOSS ACCOUNT
	TOTAL		419404952	323821061
CONTINGENT LIABILITIES
Sr No.	Particulars		As at 31.03.2015	As at 31.03.2014
			(Rs.’000)	(Rs.’000)
1	Partly paid-up investments
2	Claims, other than against policies, not acknowledged as debts by the company		11000	0
3	Underwriting commitments outstanding (in respect of shares and securities)
4	Guarantees given by or on behalf of the Company		8352709	9161472
5	Statutory demands/ liabilities in dispute, not provided for		22496974	21199250
6	Reinsurance obligations to the extent not provided for in accounts
7	Others (to be specified)
	TOTAL		30860683	30360722