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 31 December¬† 2017 ( ` IN 000)
  PARTICULARS SCHEDULE As at 31.12.2017 As at 31.12.2016
  SOURCES OF FUNDS      
  SHARE CAPITAL                                                               NL-8-Share Capital Schedule 4386 000 4300 000
  SHARE APPLICATION MONEY PENDING ALLOTMENT
  RESERVES AND SURPLUS NL-10-Reserves and Surplus Schedule 210124 138 156435 480
  Deferred Tax Liability 0 0
  FAIR VALUE CHANGE ACCOUNT
  Shareholders fund 96813 006 87432 039
  Policyholders fund 241339 304 174262 180
  BORROWINGS NL-11-Borrowings Schedule 0 0
  TOTAL 552662 448 422429 699
  APPLICATION OF FUNDS  
  INVESTMENTS- Shareholders NL-12-Investment Schedule 214885 382 199551 156
  INVESTMENTS- Policyholders NL-12-Investment Schedule 520843 150 397728 569
  LOANS NL-13-Loans Schedule 2838 630 3386 886
  FIXED ASSETS NL-14-Fixed Assets Schedule 1724 158 1638 623
  DEFERRED TAX ASSET 127 114 24 315
  CURRENT ASSETS
  Cash and Bank Balances NL-15-Cash and bank balance Schedule 129575 813 98864 402
  Advances and Other Assets NL-16-Advancxes and Other Assets Schedule 243856 141 167361 587
  Sub-Total (A)   373431 954 266225 989
  CURRENT LIABILITIES NL-17-Current Liabilities Schedule 434331266 295237 374
  PROVISIONS NL-18-Provisions Schedule 126856674 150888 465
  DEFERRED TAX LIABILITY  
  Sub-Total (B)   561187 940 446125 839
  NET CURRENT ASSETS (C) = (A - B)   -187755 986 -179899 850
  MISCELLANEOUS EXPENDITURE (to the extent not written off or adjusted) NL-19-Miscellaneous Expenditure Schedule
  DEBIT BALANCE IN PROFIT AND LOSS ACCOUNT  
  TOTAL   552662 448 422429 699
CONTINGENT LIABILITIES
  Particulars   As at 31.12.2017 As at 31.12.2016
      (Rs.’000) (Rs.’000)
1 Partly paid-up investments      
2 Claims, other than against policies, not acknowledged as debts by the company 11000
3 Underwriting commitments outstanding (in respect of shares and securities)
4 Guarantees given by or on behalf of the Company 1849154.208 10607018
5 Statutory demands/ liabilities in dispute, not provided for 1725116.219 17027139
6 Reinsurance obligations to the extent not provided for in accounts
7 Others (to be specified)
  TOTAL   3574 270 27645 157