FORM NL-3-B-BS
Name of the Insurer:  GENERAL INSURANCE CORPORATION OF INDIA   
Registration No.  112
Date of  Registration with the IRDAI : 2nd April, 2001
BALANCE SHEET  AS AT 30th September 2017 ( ` IN 000)
  PARTICULARS SCHEDULE As at 30.09.2017 As at 30.09.2016
  SOURCES OF FUNDS      
  SHARE CAPITAL                                                               NL-8-Share Capital Schedule 4300 000 4300 000
  SHARE APPLICATION MONEY PENDING ALLOTMENT    
  RESERVES AND SURPLUS NL-10-Reserves and Surplus Schedule 188440 961 161455 349
  Deferred Tax Liability  0  0
  FAIR VALUE CHANGE ACCOUNT    
  Shareholders fund 82347 807 94201 992
  Policyholders fund 227114 076 187743 190
  BORROWINGS NL-11-Borrowings Schedule  0  0
  TOTAL 502202 844 447700 531
  APPLICATION OF FUNDS      
  INVESTMENTS- Shareholders NL-12-Investment Schedule 183535 436 202518 473
  INVESTMENTS- Policyholders NL-12-Investment Schedule 498366 128 403616 354
  LOANS NL-13-Loans Schedule 2849 074 3410 347
  FIXED ASSETS NL-14-Fixed Assets Schedule 1603 491 1658 666
  DEFERRED TAX ASSET 133 774 24 304
  CURRENT ASSETS    
  Cash and Bank Balances NL-15-Cash and bank balance Schedule 132626 050 92815 270
  Advances and Other Assets NL-16-Advancxes and Other Assets Schedule 251231 528 152109 169
  Sub-Total (A) 383857 578 244924 439
  CURRENT LIABILITIES NL-17-Current Liabilities Schedule 426689 551 275878 609
  PROVISIONS NL-18-Provisions Schedule 141453 086 132573 444
  DEFERRED TAX LIABILITY      
  Sub-Total (B)   568142 637 408452 053
  NET CURRENT ASSETS (C) = (A - B)   -184285 059 -163527 613
  MISCELLANEOUS EXPENDITURE (to the extent not written off or adjusted) NL-19-Miscellaneous Expenditure Schedule    
  DEBIT BALANCE IN PROFIT AND LOSS ACCOUNT      
  TOTAL   502202 844 447700 531
CONTINGENT LIABILITIES
  Particulars   As at 30.09.2017 As at 30.09.2016
      (Rs.’000) (Rs.’000)
1 Partly paid-up investments      
2 Claims, other than against policies, not acknowledged as debts by the company  11 11 000
3 Underwriting commitments outstanding (in respect of shares and securities)    
4 Guarantees given by or on behalf of the Company 15545 484 10607 018
5 Statutory demands/ liabilities in dispute, not provided for 16556 800 17027 139
6 Reinsurance obligations to the extent not provided for in accounts    
7 Others (to be specified)    
  TOTAL   32102 295 27645 157