FORM NL-31: Related Party Transactions
Insurer: GIC Re     Date: 31.03.2016   . .
. . (Rs in Thousand) . . . . .
Related Party Transactions
Sl.No. Name of the Related Party Nature of Relationship with the Company Description of Transactions / Categories  Consideration paid / received*
For the quarter 31.03.2016 Up to the Quarter 31.03.2016 Corresponding quarter of the preceding year 31.03.2015 Up to the Quarter of the preceding year 31.03.2015
1 India International Pte LTD. Associate Company Net Premiun - Net commission - Net Claims -301,702 -327,497 73,940 69,532
2 GIC RE South Africa Ltd. Associate Company Net Premiun - Net commission - Net Claims 288,864 660,924 0 0
3 GIC-Bhutan RE Ltd. Associate Company Net Premiun - Net commission - Net Claims 0 135 0 0
4 Agricultural Insurance Company of India Ltd Associate Company Net Premiun - Net commission - Net Claims 513,785 291,723 222,837 -200,437
5 GIC RE INDIA CORPORATE MEMBER Associate Company Net Premiun - Net commission - Net Claims 24,018 0 0 0
(-) indicates amount payable by GIC
*** there are no related party transaction during the year with GIC South Africa Ltd, GIC Re India Corporate Member & GIC Bhutan Ltd. (As per pg 86 of 43rd Annual Report)