FORM NL-5 - CLAIMS SCHEDULE |
Name of the Insurer: GENERAL INSURANCE CORPORATION OF INDIA |
FOR THE PERIOD ENDED 31.03.2014 CLAIMS INCURRED [NET] |
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(` '000) |
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PARTICULARS |
For the year ended 31.03.2015 |
For the year ended 31.03.2014 |
A |
FIRE INSURANCE |
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Claims paid |
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Direct claims |
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Add Claims Outstanding at the end of the year |
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Less Claims Outstanding at the beginning of the year |
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Gross Incurred Claims |
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Add :Re-insurance accepted to direct claims |
36728178 |
36648124 |
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Less :Re-insurance Ceded to claims paid |
1563411 |
6756140 |
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Net Claims Paid |
35164767 |
29891984 |
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Add : Claims Outstanding at the end of the year |
67582224 |
76208072 |
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Less: Claims Outstanding at the beginning of the year |
76208072 |
68743345 |
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Total Claims Incurred |
26538919 |
37356711 |
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B |
MISCELLANEOUS INSURANCE |
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(1) |
MOTOR |
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Claims paid |
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Direct claims |
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Add Claims Outstanding at the end of the year |
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Less Claims Outstanding at the beginning of the year |
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Gross Incurred Claims |
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Add :Re-insurance accepted to direct claims |
41344945 |
28847032 |
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Less :Re-insurance Ceded to claims paid |
0 |
0 |
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Net Claims Paid |
41344945 |
28847032 |
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Add : Claims Outstanding at the end of the year |
51587884 |
54058415 |
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Less: Claims Outstanding at the beginning of the year |
54058415 |
53975419 |
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Total Claims Incurred |
38874414 |
28930028 |
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(2) |
AVIATION |
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Claims paid |
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Direct claims |
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Add Claims Outstanding at the end of the year |
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Less Claims Outstanding at the beginning of the year |
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Gross Incurred Claims |
4057 |
5497 |
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Add :Re-insurance accepted to direct claims |
3324259 |
3633909 |
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Less :Re-insurance Ceded to claims paid |
143556 |
297654 |
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Net Claims Paid |
3184760 |
3341752 |
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Add : Claims Outstanding at the end of the year |
8803936 |
7900822 |
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Less: Claims Outstanding at the beginning of the year |
7900822 |
9253362 |
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Total Claims Incurred |
4087874 |
1989212 |
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(3) |
ENGINEERING |
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Claims paid |
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Direct claims |
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Add Claims Outstanding at the end of the year |
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Less Claims Outstanding at the beginning of the year |
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Gross Incurred Claims |
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Add :Re-insurance accepted to direct claims |
3889855 |
4674887 |
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Less :Re-insurance Ceded to claims paid |
17234 |
47354 |
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Net Claims Paid |
3872621 |
4627533 |
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Add : Claims Outstanding at the end of the year |
18382485 |
17748578 |
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Less: Claims Outstanding at the beginning of the year |
17748578 |
10769022 |
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Total Claims Incurred |
4506528 |
11607089 |
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(4) |
WC |
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Claims paid |
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Direct claims |
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Add Claims Outstanding at the end of the year |
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Less Claims Outstanding at the beginning of the year |
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Gross Incurred Claims |
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Add :Re-insurance accepted to direct claims |
79206 |
114384 |
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Less :Re-insurance Ceded to claims paid |
0 |
0 |
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Net Claims Paid |
79206 |
114384 |
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Add : Claims Outstanding at the end of the year |
161463 |
163235 |
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Less: Claims Outstanding at the beginning of the year |
163235 |
230487 |
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Total Claims Incurred |
77434 |
47132 |
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(5) |
Liability |
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Claims paid |
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Direct claims |
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Add Claims Outstanding at the end of the year |
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Less Claims Outstanding at the beginning of the year |
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Gross Incurred Claims |
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Add :Re-insurance accepted to direct claims |
243887 |
295989 |
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Less :Re-insurance Ceded to claims paid |
38252 |
0 |
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Net Claims Paid |
205635 |
295989 |
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Add : Claims Outstanding at the end of the year |
1579545 |
1842666 |
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Less: Claims Outstanding at the beginning of the year |
1842666 |
1231056 |
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Total Claims Incurred |
-57486 |
907599 |
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(6) |
PA |
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Claims paid |
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Direct claims |
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Add Claims Outstanding at the end of the year |
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Less Claims Outstanding at the beginning of the year |
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Gross Incurred Claims |
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Add :Re-insurance accepted to direct claims |
2586724 |
3850128 |
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Less :Re-insurance Ceded to claims paid |
0 |
0 |
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Net Claims Paid |
2586724 |
3850128 |
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Add : Claims Outstanding at the end of the year |
1888768 |
2406549 |
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Less: Claims Outstanding at the beginning of the year |
2406549 |
3452075 |
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Total Claims Incurred |
2068943 |
2804602 |
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(7) |
Health |
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Claims paid |
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Direct claims |
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Add Claims Outstanding at the end of the year |
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Less Claims Outstanding at the beginning of the year |
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Gross Incurred Claims |
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Add :Re-insurance accepted to direct claims |
17748458 |
16018914 |
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Less :Re-insurance Ceded to claims paid |
0 |
0 |
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Net Claims Paid |
17748458 |
16018914 |
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Add : Claims Outstanding at the end of the year |
12700829 |
9158105 |
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Less: Claims Outstanding at the beginning of the year |
9158105 |
10014824 |
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Total Claims Incurred |
21291182 |
15162195 |
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(8) |
Oth. Misc. |
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Claims paid |
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Direct claims |
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Add Claims Outstanding at the end of the year |
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Less Claims Outstanding at the beginning of the year |
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Gross Incurred Claims |
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Add :Re-insurance accepted to direct claims |
9320071 |
11169563 |
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Less :Re-insurance Ceded to claims paid |
0 |
2728 |
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Net Claims Paid |
9320071 |
11166835 |
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Add : Claims Outstanding at the end of the year |
9707154 |
10337916 |
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Less: Claims Outstanding at the beginning of the year |
10337916 |
10079799 |
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Total Claims Incurred |
8689309 |
11424952 |
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(9) |
FL/Credit |
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Claims paid |
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Direct claims |
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Add Claims Outstanding at the end of the year |
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Less Claims Outstanding at the beginning of the year |
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Gross Incurred Claims |
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Add :Re-insurance accepted to direct claims |
1225730 |
1813750 |
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Less :Re-insurance Ceded to claims paid |
0 |
0 |
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Net Claims Paid |
1225730 |
1813750 |
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Add : Claims Outstanding at the end of the year |
6648242 |
5885222 |
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Less: Claims Outstanding at the beginning of the year |
5885222 |
3479268 |
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Total Claims Incurred |
1988750 |
4219704 |
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TOTAL MISCELLANEOUS |
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Claims paid |
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Direct claims |
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Add Claims Outstanding at the end of the year |
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Less Claims Outstanding at the beginning of the year |
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Gross Incurred Claims |
4057 |
5497 |
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Add :Re-insurance accepted to direct claims |
79763135 |
70418556 |
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Less :Re-insurance Ceded to claims paid |
199042 |
347736 |
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Net Claims Paid |
79568150 |
70076317 |
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Add : Claims Outstanding at the end of the year |
111460306 |
109501508 |
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Less: Claims Outstanding at the beginning of the year |
109501508 |
102485312 |
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Total Claims Incurred |
81526948 |
77092513 |
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C |
MARINE INSURANCE |
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(1) |
MARINE CARGO |
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Claims paid |
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Direct claims |
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Add Claims Outstanding at the end of the year |
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Less Claims Outstanding at the beginning of the year |
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Gross Incurred Claims |
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Add :Re-insurance accepted to direct claims |
3274157 |
2892339 |
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Less :Re-insurance Ceded to claims paid |
62823 |
415860 |
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Net Claims Paid |
3211334 |
2476479 |
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Add : Claims Outstanding at the end of the year |
5556870 |
5225659 |
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Less: Claims Outstanding at the beginning of the year |
5225659 |
5891192 |
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Total Claims Incurred |
3542545 |
1810946 |
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(2) |
MARINE HULL |
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Claims paid |
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Direct claims |
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Add Claims Outstanding at the end of the year |
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Less Claims Outstanding at the beginning of the year |
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Gross Incurred Claims |
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Add :Re-insurance accepted to direct claims |
4242795 |
5230616 |
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Less :Re-insurance Ceded to claims paid |
309043 |
765813 |
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Net Claims Paid |
3933752 |
4464803 |
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Add : Claims Outstanding at the end of the year |
9681428 |
7238540 |
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Less: Claims Outstanding at the beginning of the year |
7238540 |
7893011 |
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Total Claims Incurred |
6376640 |
3810332 |
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TOTAL MARINE |
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Claims paid |
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Direct claims |
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Add Claims Outstanding at the end of the year |
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Less Claims Outstanding at the beginning of the year |
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Gross Incurred Claims |
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Add :Re-insurance accepted to direct claims |
7516952 |
8122955 |
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Less :Re-insurance Ceded to claims paid |
371866 |
1181673 |
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Net Claims Paid |
7145086 |
6941282 |
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Add : Claims Outstanding at the end of the year |
15238298 |
12464199 |
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Less: Claims Outstanding at the beginning of the year |
12464199 |
13784203 |
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Total Claims Incurred |
9919185 |
5621278 |
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D |
LIFE INSURANCE |
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Claims paid |
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Direct claims |
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Add Claims Outstanding at the end of the year |
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Less Claims Outstanding at the beginning of the year |
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Gross Incurred Claims |
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Add :Re-insurance accepted to direct claims |
995129 |
769313 |
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Less :Re-insurance Ceded to claims paid |
321318 |
144216 |
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Net Claims Paid |
673811 |
625097 |
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Add : Claims Outstanding at the end of the year |
853942 |
595087 |
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Less: Claims Outstanding at the beginning of the year |
595087 |
217744 |
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Total Claims Incurred |
932666 |
1002440 |
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E |
TOTAL ALL CLASSES |
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Claims paid |
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Direct claims |
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Add Claims Outstanding at the end of the year |
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Less Claims Outstanding at the beginning of the year |
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Gross Incurred Claims |
4057 |
5497 |
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Add :Re-insurance accepted to direct claims |
125003394 |
115958948 |
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Less :Re-insurance Ceded to claims paid |
2455637 |
8429765 |
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Net Claims Paid |
122551814 |
107534680 |
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Add : Claims Outstanding at the end of the year |
195134770 |
198768866 |
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Less: Claims Outstanding at the beginning of the year |
198768866 |
185230604 |
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Total Claims Incurred |
118917718 |
121072942 |