FORM NL-5 - CLAIMS SCHEDULE
Name of the Insurer:  GENERAL INSURANCE CORPORATION OF INDIA   
FOR THE PERIOD ENDED 31.03.2014 CLAIMS INCURRED [NET]



(` '000)

PARTICULARS For the year ended 31.03.2015 For the year ended 31.03.2014
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 36728178 36648124

Less :Re-insurance Ceded to claims paid 1563411 6756140

Net Claims Paid 35164767 29891984

Add : Claims Outstanding at the end of the year 67582224 76208072

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

Total Claims Incurred 26538919 37356711








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 41344945 28847032

Less :Re-insurance Ceded to claims paid 0 0

Net Claims Paid 41344945 28847032

Add : Claims Outstanding at the end of the year 51587884 54058415

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

Total Claims Incurred 38874414 28930028








(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 4057 5497

Add   :Re-insurance accepted to direct claims 3324259 3633909

Less :Re-insurance Ceded to claims paid 143556 297654

Net Claims Paid 3184760 3341752

Add : Claims Outstanding at the end of the year 8803936 7900822

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

Total Claims Incurred 4087874 1989212








(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 3889855 4674887

Less :Re-insurance Ceded to claims paid 17234 47354

Net Claims Paid 3872621 4627533

Add : Claims Outstanding at the end of the year 18382485 17748578

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

Total Claims Incurred 4506528 11607089








(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 79206 114384

Less :Re-insurance Ceded to claims paid 0 0

Net Claims Paid 79206 114384

Add : Claims Outstanding at the end of the year 161463 163235

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

Total Claims Incurred 77434 47132








(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 243887 295989

Less :Re-insurance Ceded to claims paid 38252 0

Net Claims Paid 205635 295989

Add : Claims Outstanding at the end of the year 1579545 1842666

Less: Claims Outstanding at the beginning of the year 1842666 1231056

Total Claims Incurred -57486 907599








(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 2586724 3850128

Less :Re-insurance Ceded to claims paid 0 0

Net Claims Paid 2586724 3850128

Add : Claims Outstanding at the end of the year 1888768 2406549

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

Total Claims Incurred 2068943 2804602








(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 17748458 16018914

Less :Re-insurance Ceded to claims paid 0 0

Net Claims Paid 17748458 16018914

Add : Claims Outstanding at the end of the year 12700829 9158105

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

Total Claims Incurred 21291182 15162195








(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 9320071 11169563

Less :Re-insurance Ceded to claims paid 0 2728

Net Claims Paid 9320071 11166835

Add : Claims Outstanding at the end of the year 9707154 10337916

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

Total Claims Incurred 8689309 11424952








(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 1225730 1813750

Less :Re-insurance Ceded to claims paid 0 0

Net Claims Paid 1225730 1813750

Add : Claims Outstanding at the end of the year 6648242 5885222

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

Total Claims Incurred 1988750 4219704









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 4057 5497

Add   :Re-insurance accepted to direct claims 79763135 70418556

Less :Re-insurance Ceded to claims paid 199042 347736

Net Claims Paid 79568150 70076317

Add : Claims Outstanding at the end of the year 111460306 109501508

Less: Claims Outstanding at the beginning of the year 109501508 102485312

Total Claims Incurred 81526948 77092513








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 3274157 2892339

Less :Re-insurance Ceded to claims paid 62823 415860

Net Claims Paid 3211334 2476479

Add : Claims Outstanding at the end of the year 5556870 5225659

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

Total Claims Incurred 3542545 1810946








(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 4242795 5230616

Less :Re-insurance Ceded to claims paid 309043 765813

Net Claims Paid 3933752 4464803

Add : Claims Outstanding at the end of the year 9681428 7238540

Less: Claims Outstanding at the beginning of the year 7238540 7893011

Total Claims Incurred 6376640 3810332









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 7516952 8122955

Less :Re-insurance Ceded to claims paid 371866 1181673

Net Claims Paid 7145086 6941282

Add : Claims Outstanding at the end of the year 15238298 12464199

Less: Claims Outstanding at the beginning of the year 12464199 13784203

Total Claims Incurred 9919185 5621278








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 995129 769313

Less :Re-insurance Ceded to claims paid 321318 144216

Net Claims Paid 673811 625097

Add : Claims Outstanding at the end of the year 853942 595087

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

Total Claims Incurred 932666 1002440








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 4057 5497

Add   :Re-insurance accepted to direct claims 125003394 115958948

Less :Re-insurance Ceded to claims paid 2455637 8429765

Net Claims Paid 122551814 107534680

Add : Claims Outstanding at the end of the year 195134770 198768866

Less: Claims Outstanding at the beginning of the year 198768866 185230604

Total Claims Incurred 118917718 121072942