FORM NL-33 - SOLVENCY MARGIN - KGII
TABLE - II
Insurer:  GENERAL INSURANCE CORPORATION OF INDIA.
Solvency for the year ended on 31.12.2015
Available Solvency Margin and Solvency Ratio
(` in Lacs)
Item Description Notes No. Amount
1 Available Assets in Policyholders’ Funds (adjusted value of Assets as mentioned in Form IRDA-Assets-AA): 3116947.42
Deduct:
2 Liabilities (reserves as mentioned in Form HG) 2919039.26
3 Other Liabilities (other liabilities in respect of Policyholders’ Fund as mentioned in Balance Sheet) NIL
4 Excess in Policyholders’ Funds (1-2-3) 220124.32
5 Available Assets in Shareholders’ Funds (value of Assets as mentioned in Form IRDA-Assets-AA): 1521734.71
Deduct:
6 Other Liabilities (other liabilities in respect of Shareholders’ Fund as mentioned in Balance Sheet) 342685.63
7 Excess in Shareholders’ Funds (5-6) 1194771.17
8 Total Available Solvency Margin [ASM] (4+7) 1414895.49
9 Total Required Solvency Margin [RSM] 404920.87
10 Solvency Ratio (Total ASM/Total RSM) 3.52