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 March  2018 ( ` IN 000)
  PARTICULARS SCHEDULE As at 31.03.2018 As at 31.03.2017
  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 220359 393 180157 699
  Deferred Tax Liability  
0
 
0
  FAIR VALUE CHANGE ACCOUNT
  Shareholders fund 86379 186 100355 698
  Policyholders fund 211963 492 200007 439
  BORROWINGS NL-11-Borrowings Schedule  
0
 
0
  TOTAL 523088 071 484820 836
  APPLICATION OF FUNDS  
  INVESTMENTS- Shareholders NL-12-Investment Schedule 212461 676 218201 355
  INVESTMENTS- Policyholders NL-12-Investment Schedule 506754 010 429247 856
  LOANS NL-13-Loans Schedule 2820 852 3221 250
  FIXED ASSETS NL-14-Fixed Assets Schedule 1711 824 1636 162
  DEFERRED TAX ASSET 144 024 134 296
  CURRENT ASSETS
  Cash and Bank Balances NL-15-Cash and bank balance Schedule 141716 159 121907 652
  Advances and Other Assets NL-16-Advancxes and Other Assets Schedule 236661 264 175137 651
  Sub-Total (A) 378377 423 297045 303
  CURRENT LIABILITIES NL-17-Current Liabilities Schedule 449901 603 332578 242
  PROVISIONS NL-18-Provisions Schedule 129280 135 132087 144
  DEFERRED TAX LIABILITY  
  Sub-Total (B)   579181 738 464665 386
  NET CURRENT ASSETS (C) = (A - B)   -200804 315 -167620 083
  MISCELLANEOUS EXPENDITURE (to the extent not written off or adjusted) NL-19-Miscellaneous Expenditure Schedule
  DEBIT BALANCE IN PROFIT AND LOSS ACCOUNT  
  TOTAL   523088 071 484820 836
CONTINGENT LIABILITIES
  Particulars   As at 31.03.2018 As at 31.03.2017
      (Rs.’000) (Rs.’000)
1 Partly paid-up investments  
2 Claims, other than against policies, not acknowledged as debts by the company 11000 11000
3 Underwriting commitments outstanding (in respect of shares and securities)
4 Guarantees given by or on behalf of the Company 19501805 15864369
5 Statutory demands/ liabilities in dispute, not provided for 17262332 17298899
6 Reinsurance obligations to the extent not provided for in accounts
7 Others (to be specified)
  TOTAL   36775 137 33174 268