FORM NL-7-OPERATING EXPENSES SCHEDULE |
Name of the Insurer: GENERAL INSURANCE CORPORATION OF INDIA |
OPERATING EXPENSES RELATED TO INSURANCE BUSINESS |
(` '000) |
|
PARTICUALRS |
Up to the quarter ending 30.06.2016 |
Up to the Quarter of the prceeding year |
1 |
Employees’ remuneration & welfare benefits |
244 569 |
138 540 |
2 |
Travel, conveyance and vehicle running expenses |
18 801 |
21 705 |
3 |
Training expenses |
3 536 |
3 281 |
4 |
Rents, rates & taxes |
14 821 |
19 481 |
5 |
Repairs |
58 909 |
52 717 |
6 |
Printing & stationery |
235 |
439 |
7 |
Communication |
2 930 |
2 298 |
8 |
Legal & professional charges |
36 922 |
7 368 |
9 |
Auditors' fees, expenses etc |
|
|
|
(a) as auditor |
1 074 |
953 |
|
(b) as adviser or in any other capacity, in respect of |
|
|
|
(i) Taxation matters |
0 |
0 |
|
(ii) Insurance matters |
|
|
|
(iii) Management services; and |
|
|
|
(c) in any other capacity |
0 |
0 |
10 |
Advertisement and publicity |
6 326 |
3 474 |
11 |
Interest & Bank Charges |
2 808 |
2 124 |
12 |
Others |
53 845 |
49 581 |
13 |
Depreciation |
24 720 |
22 097 |
14 |
Service Tax A/C |
0 |
0 |
15 |
IT Expenses |
56 257 |
43 692 |
|
TOTAL |
525 753 |
367 750 |
Note: 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. |