| 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 31.12.2016 |
Up to the Quarter of the prceeding year |
| 1 |
Employees’ remuneration & welfare benefits |
751 820 |
679 869 |
| 2 |
Travel, conveyance and vehicle running expenses |
67 219 |
67 300 |
| 3 |
Training expenses |
16 559 |
16 493 |
| 4 |
Rents, rates & taxes |
52 064 |
51 659 |
| 5 |
Repairs |
161 392 |
236 751 |
| 6 |
Printing & stationery |
1 493 |
3 113 |
| 7 |
Communication |
10 106 |
8 441 |
| 8 |
Legal & professional charges |
66 816 |
34 584 |
| 9 |
Auditors' fees, expenses etc |
|
|
| |
(a) as auditor |
2 107 |
1 775 |
| |
(b) as adviser or in any other capacity, in respect of |
|
|
| |
(i) Taxation matters |
0 |
0 |
| |
(ii) Insurance matters |
0 |
0 |
| 10 |
Advertisement and publicity |
43 326 |
32 524 |
| 11 |
Interest & Bank Charges |
9 299 |
6 605 |
| 12 |
IT Expenses |
96 260 |
0 |
| 13 |
Depreciation |
73 818 |
68 206 |
| 14 |
Service Tax Expenses A/c |
1 679 |
2 291 |
| 15 |
Swatchh Bharat Cess |
346 747 |
0 |
| 16 |
Others |
186 406 |
162 791 |
| |
TOTAL |
1887 111 |
1372 402 |
| 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. |