FORM NL-31: Related Party Transactions
Insurer: GIC Re     Date: 31.03.2017   . .
. . (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 31.03.2017 Up to the Quarter 31.03.2017 Corresponding quarter of the preceding year 31.03.2016 Up to the Quarter of the preceding year 31.03.2016
1 India International Pte LTD. Associate Company Net Premiun - Net commission - Net Claims -850,883 -673,505 -301,702 -327,497
2 GIC RE South Africa Ltd. Associate Company Net Premiun - Net commission - Net Claims 126,112 497,954 288,864 660,924
3 GIC-Bhutan RE Ltd. Associate Company Net Premiun - Net commission - Net Claims 0 16,608 0 135
4 Agricultural Insurance Company of India Ltd Associate Company Net Premiun - Net commission - Net Claims 9,293,451 32,924,199 513,785 291,723
5 GIC RE INDIA CORPORATE MEMBER Associate Company Net Premiun - Net commission - Net Claims -12,502 -112,193 24,018 0
(-) indicates amount payable by GIC