TABLE IB: AVAILABLE SOLVENCY MARGIN AND SOLVENCY RATIO AS AT 30 September 2017
General Insurance Corporation of India
Registration Number: 112
Date of Registration: 02-04-2001
Classification: Total Business
(` in Lakhs)
Item Description Amount
(1) (2) (3)
A Policy-holder's Funds  
  Available Assets (as per IRDAI-GI-TA) 58111 20.98
  Deduct:  
B Current liabilities as per BS 38669 50.98
C Provision as per BS 12852 15.50
D Other Liabilities 3880 86.93
E Excess in Policyholders’ Funds (A-B-C-D)* (270867.58)
  Shareholder's Funds  
F Available Assets 16038 17.69
  Deduct:  
G Other Liabilities 141172.97
H Excess in Shareholders’ Funds (F-G) 1462644.72
I Total Available Solvency Margin [ASM] (E+H) 1733512.30
J Total Required Solvency Margin [RSM] 1010097.42
K Solvency Ratio (Total ASM/Total RSM) 1.72
* Though Policyholder's fund is in minus,GIC Re has sufficient shareholder's funds to support and meet the liabilities,if required.
# The above table includes the RSM for Life Re is RS 567 80.10 lakhs