| FORM NL-31: Related Party Transactions |
| Insurer : GIC Re |
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Date: 31.12.2016 |
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| Related Party Transactions |
( . in Thousand) |
| Sl.No. |
Name of the Related Party |
Nature of Relationship with the Company |
Description of Transactions / Categories |
Consideration paid / received* |
| For the quarter 31.12.2016 |
Up to the Quarter 31.12.2016 |
Corresponding quarter of the preceding year 31.12.2015 |
Up to the Quarter of the preceding year 31.12.2015 |
| 1 |
India International Pte LTD. |
Associate Company |
Net Premiun - Net commission - Net Claims |
54,721 |
177,378 |
-150,521 |
-25,795 |
| 2 |
GIC RE South Africa Ltd. |
Associate Company |
Net Premiun - Net commission - Net Claims |
157,847 |
371,842 |
9,592 |
372,060 |
| 3 |
GIC-Bhutan RE Ltd. |
Associate Company |
Net Premiun - Net commission - Net Claims |
16,608 |
16,608 |
0 |
135 |
| 4 |
Agricultural Insurance Company of India Ltd |
Associate Company |
Net Premiun - Net commission - Net Claims |
1,158,970 |
23,630,749 |
-590,620 |
-222,062 |
| 5 |
GIC RE INDIA CORPORATE MEMBER |
Associate Company |
Net Premiun - Net commission - Net Claims |
-105,960 |
-99,691 |
0 |
0 |
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| (-) indicates amount payable by GIC |
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