FORM NL-33 - SOLVENCY MARGIN - KGII gic-logo-final
TABLE - II
Insurer : General Insurance Corporation of India
Solvency for the year ended on 31 March  2016
Available Solvency Margin and Solvency Ratio
(` in Lacs)
Item (1) Description (2) Notes No. (3) Amount (4)
1 Available Assets in Policyholders’ Funds (adjusted value of Assets as mentioned in Form IRDA-Assets-AA):   32857 83.76
  Deduct:    
2 Liabilities (reserves as mentioned in Form HG)   29555 89.44
3 Other Liabilities (other liabilities in respect of Policyholders’ Fund as mentioned in Balance Sheet)   NIL
4 Excess in Policyholders’ Funds (1-2-3)   3301 94.32
5 Available Assets in Shareholders’ Funds (value of Assets as mentioned in Form IRDA-Assets-AA):   16029 76.53
  Deduct:    
6 Other Liabilities (other liabilities in respect of Shareholders’ Fund as mentioned in Balance Sheet)   4815 27.60
7 Excess in Shareholders’ Funds (5-6)   11214 48.93
8 Total Available Solvency Margin [ASM]   (4+7)   14516 43.24
9 Total Required Solvency Margin  [RSM]   4170 47.16
10 Solvency Ratio (Total ASM/Total RSM)   3.48