FORM NL-31: Related Party Transactions
Insurer: GIC Re     Date: 31.03.2018   . .
. . (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 31.03.2018 Up to the Quarter 31.03.2017 Corresponding quarter of the preceding year 31.03.2018 Up to the Quarter of the preceding year 31.03.2018
1 India International Pte LTD. Associate Company Net Premiun - Net commission - Net Claims -24,900 -291,854 -850,883 -673,505
2 GIC RE South Africa Ltd. Subsidiary Company Net Premiun - Net commission - Net Claims -91,770 607,267 126,112 497,954
3 GIC-Bhutan RE Ltd. Subsidiary Company Net Premiun - Net commission - Net Claims 31,418 44,008 0 16,608
4 Agricultural Insurance Company of India Ltd Associate Company Net Premiun - Net commission - Net Claims -3,642,198 5,775,069 9,293,451 32,924,199
5 GIC RE INDIA CORPORATE MEMBER Associate Company Net Premiun - Net commission - Net Claims -763,827 -914,502 -12,502 -112,193
(-) indicates amount payable by GIC