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 31.12.2015
FIRE INSURANCE BUSINESS ( ` IN 000)
PARTICULARS SCHEDULE For the quarter ending 31.12.2015 Up to  the quarter ending 31.12.2015 For the corresponding quarter of the preceeding year  Up to the Quarter of the prceeding year
1 Premiums earned (Net) NL-4-Premium Schedule 9434851 32830934 8240974 29540056
2 Profit on sale of Investments (Net) 1124259 1923714 750526 2791314
3 Profit/-Loss on Exchange Fluctuation -49704 490377 75686 14374
4 Interest, Dividend & Rent  - Gross 1227694 4339634 1354956 4782552
TOTAL (A) 11737100 39584659 10422142 37128296
1 Claims Incurred (Net) NL-5-Claims Schedule 11025156 33646833 21858 22305972
2 Commission (Net) NL-6-Commission Schedule 3219762 8704448 2791129 6930670
3 Operating Expenses related to Insurance Business NL-7-Operating Expenses Schedule 174216 500671 131433 414505
4 Expenses relating to Investments 1815 4971 2092 5317
TOTAL  (B) 14420949 42856923 2946512 29656464
Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B) -2683849 -3272264 7475630 7471832
APPROPRIATIONS
Transfer to Shareholders’ Account -2683849 -3272264 7475630 7471832
Transfer to Catastrophe Reserve
Transfer to Other Reserves (to be specified)
TOTAL (C) -2683849 -3272264 7475630 7471832
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
PARTICULARS SCHEDULE For the quarter ending 31.12.2015 Up to  the quarter ending 31.12.2015 For the corresponding quarter of the preceeding year  Up to the Quarter of the prceeding year
1 Premiums earned (Net) NL-4-Premium Schedule 22129493 66286193 21966401 60172679
2 Profit on sale of Investments (Net) 1990717 3406307 1166281 4337565
3 Profit/-Loss on Exchange Fluctuation -101416 934544 133345 50238
4 Interest, Dividend & Rent  - Gross 2173869 7684160 2105536 7431852
TOTAL (A) 26192663 78311204 25371563 71992334
1 Claims Incurred (Net) NL-5-Claims Schedule 18392304 54174949 26099335 53046994
2 Commission (Net) NL-6-Commission Schedule 4862166 13977553 4523380 12058255
3 Operating Expenses related to Insurance Business NL-7-Operating Expenses Schedule 294094 789513 251153 667690
4 Expenses relating to Investments 3213 8802 3251 8263
5 Premium Deficiency 0 0 0 0
TOTAL  (B) 23551777 68950817 30877119 65781202
Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B) 2640886 9360387 -5505556 6211132
APPROPRIATIONS
Transfer to Shareholders’ Account 2640886 9360387 -5505556 6211132
Transfer to Catastrophe Reserve
Transfer to Other Reserves (to be specified)
TOTAL (C) 2640886 9360387 -5505556 6211132
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
PARTICULARS SCHEDULE For the quarter ending 31.12.2015 Up to  the quarter ending 31.12.2015 For the corresponding quarter of the preceeding year  Up to the Quarter of the prceeding year
1 Premiums earned (Net) NL-4-Premium Schedule 1758856 7549823 2013639 7344979
2 Profit on sale of Investments (Net) 323161 552959 168857 628003
3 Profit/-Loss on Exchange Fluctuation -15991 154575 19461 7426
4 Interest, Dividend & Rent  - Gross 352893 1247401 304844 1076001
TOTAL (A) 2418919 9504758 2506801 9056409
1 Claims Incurred (Net) NL-5-Claims Schedule -1335986 3452357 2608485 5929972
2 Commission (Net) NL-6-Commission Schedule 493394 1321157 485507 1478455
3 Operating Expenses related to Insurance Business NL-7-Operating Expenses Schedule 26702 63388 16764 65982
4 Expenses relating to Investments 522 1429 470 1196
5 Premium Deficiency 0 0 0 0
TOTAL  (B) -815368 4838331 3111226 7475605
Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B) 3234287 4666427 -604425 1580804
APPROPRIATIONS
Transfer to Shareholders’ Account 3234287 4666427 -604425 1580804
Transfer to Catastrophe Reserve
Transfer to Other Reserves (to be specified)
TOTAL (C) 3234287 4666427 -604425 1580804
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
PARTICULARS SCHEDULE For the quarter ending 31.12.2015 Up to  the quarter ending 31.12.2015 For the corresponding quarter of the preceeding year  Up to the Quarter of the prceeding year
1 Premiums earned (Net) NL-4-Premium Schedule 603688 1509892 537965 952381
2 Profit on sale of Investments (Net) 15591 26677 8276 30781
3 Profit/-Loss on Exchange Fluctuation -792 7295 1037 452
4 Interest, Dividend & Rent  - Gross 17025 60179 14942 52740
TOTAL (A) 635512 1604043 562220 1036354
1 Claims Incurred (Net) NL-5-Claims Schedule 351515 1050443 133778 342871
2 Commission (Net) NL-6-Commission Schedule 7334 66810 2406 55576
3 Operating Expenses related to Insurance Business NL-7-Operating Expenses Schedule 9294 18830 2910 10555
4 Expenses relating to Investments 25 69 23 59
TOTAL  (B) 368168 1136152 139117 409061
Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B) 267344 467891 423103 627293
APPROPRIATIONS
Transfer to Shareholders’ Account 267344 467891 423103 627293
Transfer to Catastrophe Reserve
Transfer to Other Reserves (to be specified)
TOTAL (C) 267344 467891 423103 627293

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.