FORM NL-2-B-PL
Name of the Insurer:  GENERAL INSURANCE CORPORATION OF INDIA
Registration No.  112
Date of  Registration with the IRDA : 2nd April, 2001
PROFIT AND LOSS ACCOUNT FOR THE PERIOD ENDED 30.09.2015
  PARTICULARS SCHEDULE For the quarter ending 30.09.2015 Up to  the quarter ending 30.09.2015 For the corresponding quarter of the preceeding year  Up to the Quarter of the prceeding year
1 OPERATING PROFIT/(LOSS)
(a)  Fire Insurance -2213251 -588416 -2123941 -3798
(b)  Marine Insurance 839790 1432140 1663502 2185231
(c )  Miscellaneous Insurance 5850012 6719498 8505184 11716689
(d)  Life Insurance -59610 200547 218009 204189
2 INCOME FROM INVESTMENTS
(a)  Interest, Dividend & Rent – Gross 2734508 4600357 2286893 3881332
(b)  Profit on sale of investments 873080 1181829 819408 2310942
      Less: Loss on sale of investments
3 OTHER INCOME (To be specified)
Profit on Exchange 591926 862068 -926 -60077
Profit on sale of Assets (Net) -28 0 74 74
Sundry Balances Written Back (Net) 22 22 0 0
Interest on Income-tax Refund 0 0 0 757504
Motor Pool Service Charges -1377 0 1040 1717
Miscellaneous Receipts 962 2362 3425 4466
TOTAL (A) 8616034 14410407 11372668 20998269
4 Provision for Doubtful Loans & Investment  991596 1154466 243761 271220
5 Provision for Doubtful  Debts 0 0 0 0
6 Amortisation of premium on Investments 46518 92048 46737 93853
7 Diminution in the value of investments written off 6087 5790 0 0
8 OTHER EXPENSES
Expenses relating to Investments 2790 4666 2281 3652
Loss on Exchange 0 0 0 0
Loss on sale of Assets (Net) 143 143 -2 0
Sundry Balances Written off (Net) 0 0 0 0
Loss on Distribution of LPA Assets 0 0 0 0
Interest on Service Tax 0 7346 0 310848
Corporate Social Responsibility 10008 16587 0 10000
TOTAL (B) 1057142 1281046 292777 689573
Profit Before Tax                 7558892 13129361 11079891 20308696
Provision for Taxation :
Current Tax 0 2235400 2288732 4198883
Wealth Tax 0 0 7259 7259
Mat Tax 0 0 0 0
Deferred Tax 0 0 0 0
Fringe Benefit Tax 0 0 0 0
Provision for Tax in respect of earlier years 0 0 0 0
Profit after Tax 7558892 10893961 8783900 16102554
Balance brought forward from last year 0 769 0 896
Profit available for appropriation 7558892 10894730 8783900 16103450
APPROPRIATIONS
(a)Interim dividends paid during the year 0 0 0 0
(b)Proposed final dividend 0 0 0 0
(c)Dividend distribution tax 0 0 0 0
(d)Transfer to General Reserve 0 0 0 0
(e)          Balance carried forward to Balance Sheet 7558894 10894730 8773897 16103449
7558894 10894730 8773897 16103449
Notes:  to Form NL-1-B-RA and NL-2-B- PL
(a)  Premium income received from business concluded in and outside India shall be separately disclosed.
(b) Reinsurance premiums whether on business ceded or accepted are to be brought into account gross (i.e. before deducting commissions) under the head reinsurance premiums.
(c) Claims incurred shall comprise claims paid, specific claims settlement costs wherever applicable and change in the outstanding provision for claims at the year-end,.
(d) Items of expenses and income in excess of one percent of the total premiums (less reinsurance) or Rs.5,00,000 whichever is higher, shall be shown as a separate line item.
(e) Fees and expenses connected with claims shall be included in claims.
(f) Under the sub-head "Others” shall be included items like foreign exchange gains or losses and other  items.
(g) Interest, dividends and rentals receivable in connection with an investment should be stated as gross amount, the amount of income tax deducted at source being included under 'advance taxes paid and taxes deducted at source”..
(h) Income from rent shall include only the realised rent. It shall not include any notional rent.