COMPANY NAME: GENERAL INSURANCE CORPORATION OF INDIA                          
 STATEMENT AS ON 30.06.2018                                                    
 STATEMENT OF DOWNGRADED INVESTMENTS                                           
 PERIODICITY OF SUBMISSION : QUARTERLY                                         
 Rupees in Crores                                                              
                               
 Sr No Security ID Particulars of Investments                                   Fin.Trn.Number Product Type IRDA Code BAP Code    Purchase Amount     Nominal Amount Date of Purchase Original Rating Agency Current Rating Agency Original Grade Current Grade Date of Downgrade Remarks                                        
 A                 DURING THE QUARTER                                                                                                                                                                                                                                                                                            
  1    12424     X 8.65% IDFC LIMITED -24.05.2020 Bonds                         2010010100043  04I          ICTD      100030   20.00   20.00  24.05.2010       ICRA                   FITCH                 AAA            AA+           30.06.2018                                                       
  2    12424     X 8.65% IDFC LIMITED -24.05.2020 Bonds                         2010010100070  04I          ICTD      100030    9.98  9.98  02.07.2010       ICRA                   FITCH                 AAA            AA+           30.06.2018                                                       
  3    12490     X 9.05% IDFC LIMITED - 27.12.2020- Secured NCDs                2010010100208  04I          ICTD      100030    5.00  5.00  27.12.2010       ICRA                   FITCH                 AAA            AA+           30.06.2018                                                       
  4    12879     X 7.98% IDFC LIMITED 2023 SEC NCD                              2013010100115  04I          ICTD      100030   19.76  20.00  28.06.2013       CRISIL                 FITCH                 AAA            AA+           30.06.2018                                                       
  5    12961     X 9.68% IDFC LIMITED 2023 SEC NCD                              2013010100358  04I          ICTD      100030   25.07  25.00  20.12.2013       FITCH                  FITCH                 AAA            AA+           30.06.2018                                                       
  6    12961     X 9.68% IDFC LIMITED 2023 SEC NCD                              2013010100397  04I          ICTD      100030   20.04  20.00  27.03.2014       FITCH                  FITCH                 AAA            AA+           30.06.2018                                                       
  7    12961     X 9.68% IDFC LIMITED 2023 SEC NCD                              2014010100015  04I          ICTD      100030   25.01  25.00  17.04.2014       FITCH                  FITCH                 AAA            AA+           30.06.2018                                                       
  8    12967     X 9.63% IDFC LTD 2024 SEC NCD                                  2013010100370  04I          ICTD      100030   25.00  25.00  07.01.2014       ICRA                   FITCH                 AAA            AA+           30.06.2018                                                       
  9    13030     X 9.30%IDFC LIMITED - 07.08.2024                               2014010100178  04I          ICTD      100030   25.00  25.00  11.08.2014       ICRA                   FITCH                 AAA            AA+           30.06.2018                                                       
 10    13049     X 9.35%PUNJAB NATIONAL BANK  2024 (UNSECURED NCD)              2014010100211  04I          EPBT      100039   15.00  15.00  12.09.2014       CRISIL                 FITCH                 AAA            AA+           30.06.2018                                                       
 11    13052     X 9.38%IDFC LIMITED.10.09.2024                                 2014010100214  04I          ICTD      100030   20.00  20.00  16.09.2014       ICRA                   FITCH                 AAA            AA+           30.06.2018                                                       
 12    13138     X 8.64% IDFC LTD SECURED REDEEMABLE NCD- 2020                  2015010100008  04I          ICTD      100030   25.00  25.00  21.04.2015       ICRA                   FITCH                 AAA            AA+           30.06.2018                                                       
 13    13149     X 8.70%IDFC LTD. 2025                                          2015010100049  04I          ICTD      100030   15.00  15.00  25.05.2015       FITCH                  FITCH                 AAA            AA+           30.06.2018                                                       
 14    13164     X 8.73% IDFC LIMITED - 2022                                    2015010100083  04I          ICTD      100030   20.00  20.00  17.06.2015       FITCH                  FITCH                 AAA            AA+           30.06.2018                                                       
 15    13643     X 8.13% POWER GRID CORPORATION OF INDIA LTD.  - 2024           2017010100641  04I          IPTD      100028   5.10  5.00  09.01.2018       CARE                   CARE                                 AAA           04.05.2018        Rating is not available on the date of Purchase
 B                 AS ON DATE                                                                                                                                                                                                                                                                                                    
  1    11426     X MAHARASHTRA STATE ROAD DEVELOPMENT CORPORATION LTD           2005010100458  04I          SGOA      100008   27.00  75.00  31.12.2005       CARE                   CARE                  AAA            BBB+          30.09.2013                                                       
  2    11467     X 5.95% KARNATAKA WATER AND SANITATION POOLED FUND             2005010100591  04I          IPFD      100033   5.00  5.00  31.12.2005       CARE                                                        AA+           31.12.2016        Rating is not available on the date of Purchase
  3    11510     X 8.00% IDBI BANK LTD - OMNI BONDS SER I 2003                  2005010100542  04I          OBPT      100065   21.36  20.00  31.12.2005       FITCH                  ICRA                  AA+            A             30.06.2017                                                       
  4    11510     X 8.00% IDBI BANK LTD - OMNI BONDS SER I 2003                  2010010100073  04I          OBPT      100065   9.65  9.65  02.07.2010       CARE                   ICRA                  AA+            A             30.06.2017                                                       
  5    11630     X 6.7% RELIANCE ENERGY LTD. 2018                               2005010100612  04I          IODS      100100   4.96  5.00  31.12.2005       FITCH                  CRISIL                AA             BBB+          30.09.2017                                                       
  6    11947     X 9.35% JINDAL STAINLESS 2022                                  2005010100912  04I          OLDB      100070   10.00  10.00  01.02.2006       CARE                   CARE                  AA             BB+           31.03.2018                                                       
  7    12264     X 10.50% Sec.Red.NC Gammon India Ltd.                          2009010100005  04I          IODS      100100   15.00  15.00  07.05.2009       CARE                   CARE                  AA             D             31.12.2014                                                       
  8    12270     X 8.81% 2019 Tamilnadu Electricity Board                       2009010100016  04I          SGOA      100008   10.00  10.00  04.05.2009       CARE                   ICRA                  A+(SO)         A-(SO)        12.12.2011                                                       
  9    12270     X 8.81% 2019 Tamilnadu Electricity Board                       2009010100036  04I          SGOA      100008   10.08  10.08  08.06.2009       CARE                   ICRA                  A+(SO)         A-(SO)        12.12.2011                                                       
 10    12271     X 13%Sec Red NCDs of Era Infra Engineering Ltd                 2009010100029  04I          OLDB      100070   20.00  20.00  05.06.2009       CARE                   CARE                  A              D             31.12.2013                                                       
 11    12272     X 11% Bharati Shipyard Ltd Sec.Rated Red.NCDs of               2009010100011  04I          OLDB      100070   20.00  20.00  09.06.2009       CARE                   CARE                  A              BB-           28.12.2011                                                       
 12    12276     X 8.80% -Unsec.NCRed.Sub.Bonds Central Bank-Put call 10 yrs    2009010100018  04I          OBPT      100065   5.00  5.00  23.06.2009       CARE                   CARE                  AA             A-            30.09.2017                                                       
 13    12322     X 8.40% 2020Tamilnadu Electricity Board                        2009010100113  04I          SGOA      100008   10.00  10.00  06.01.2010       CARE                   ICRA                  A+(SO)         A-(SO)        12.12.2011                                                       
 14    12338     X 8.50% Steel Authority of India -NCD-2019                     2009010100165  04I          OBPT      100065   20.00  20.00  07.12.2009       FITCH                  FITCH                 AAA            AA-           30.09.2017                                                       
 15    12347     X 8.65% NCD Taxable Bonds SAIL-2019                            2009010100166  04I          OBPT      100065   20.00  20.00  30.12.2009       FITCH                  FITCH                 AAA            AA-           30.09.2017                                                       
 16    12384     X 11.15% Sec.Red.NCD -Era Infra Engineering Ltd.               2009010100215  04I          OLDB      100070   10.00  10.00  27.02.2010       CARE                   CARE                  A              D             31.12.2013                                                       
 17    12394     X 8.64% TAMIL NADU ELECTRICITY BOARD 10 years(7 year P/C)      2009010100232  04I          SGOA      100008   10.00  10.00  29.03.2010       CARE                   CARE                  A+(SO)         A-(SO)        12.12.2011                                                       
 18    12394     X 8.64% TAMIL NADU ELECTRICITY BOARD 10 years(7 year P/C)      2009010100252  04I          SGOA      100008   10.00  10.00  29.03.2010       CARE                   CARE                  A+(SO)         A-(SO)        12.12.2011                                                       
 19    12414     X 8.75% Steel Authority of India NCDs -                        2010010100028  04I          OBPT      100065   50.00  50.00  23.04.2010       CARE                   FITCH                 AAA            AA-           30.09.2017                                                       
 20    12425     X 8.72% Steel Authority of India 2020 -NCDs                    2010010100045  04I          OBPT      100065   10.04  10.04  31.05.2010       CARE                   FITCH                 AAA            AA-           30.09.2017                                                       
 21    12425     X 8.72% Steel Authority of India 2020 -NCDs                    2010010100059  04I          OBPT      100065   5.02   5.02  21.06.2010       CARE                   FITCH                 AAA            AA-           30.09.2017                                                       
 22    12425     X 8.72% Steel Authority of India 2020 -NCDs                    2012010100370  04I          OBPT      100065   14.93  15.00  08.03.2013       CARE                   FITCH                 AAA            AA-           30.09.2017                                                       
 23    12429     X 9.50% Gammon India-NCD (Put option-18.6.2017)-2020           2010010100050  04I          IODS      100100   10.00  10.00  18.06.2010       CARE                   CARE                  AA             D             31.03.2015                                                       
 24    12429     X 9.50% Gammon India-NCD (Put option-18.6.2017)-2020           2010010100188  04I          IODS      100100   10.00  10.00  16.11.2010       CRISIL                 CARE                  AA             D             31.03.2015                                                       
 25    12447     X 9.15% Tata Power Co. Ltd.2020                                2010010100117  04I          IODS      100100   10.15  10.15  04.08.2010       CRISIL                 CRISIL                AA             AA-           31.12.2013                                                       
 26    12447     X 9.15% Tata Power Co. Ltd.2020                                2011010100040  04I          IODS      100100   4.86  4.86  05.05.2011       CRISIL                 CRISIL                AA             AA-           31.12.2013                                                       
 27    12455     X 9.15% Tata Power 2018                                        2010010100130  04I          IODS      100100   10.11  10.11  17.08.2010       ICRA                   CRISIL                AA             AA-           31.12.2013                                                       
 28    12493     X 9% Indian Overseas Bank Upper Tier II NCDs 2026              2010010100215  04I          OBPT      100065   10.00  10.00  10.01.2011       CRISIL                 CRISIL                AA             A-            31.03.2016                                                       
 29    12515     X 11.25%Elder Pharma NCDs-2018                                 2010010100252  04I          OLDB      100070   10.00  10.00  30.03.2011       CARE                   CARE                  A+             D             30.06.2013                                                       
 30    12519     X 10.25% Amtek Auto 2015                                       2011010100013  04I          ECOS      100043   5.07  5.07  19.04.2011       CARE                   CARE                  AA             AA-           30.06.2015                                                       
 31    12519     X 10.25% Amtek Auto 2015                                       2011010100014  04I          ECOS      100043   5.06  5.06  19.04.2011       CARE                   CARE                  AA             AA-           30.06.2015                                                       
 32    12519     X 10.25% Amtek Auto 2015                                       2011010100016  04I          ECOS      100043   5.07  5.07  20.04.2011       CARE                   CARE                  AA             AA-           30.06.2015                                                       
 33    12519     X 10.25% Amtek Auto 2015                                       2011010100018  04I          ECOS      100043                5.06               5.06  21.04.2011       CARE                   CARE                  AA             AA-           30.06.2015                                                       
 34    12519     X 10.25% Amtek Auto 2015                                       2012010100344  04I          ECOS      100043               20.15              20.00  14.02.2013       CARE                   CARE                  AA             AA-           30.06.2015                                                       
 35    12519     X 10.25% Amtek Auto 2015                                       2013010100042  04I          ECOS      100043               20.35              20.00  22.05.2013       CARE                   CARE                  AA             AA-           30.06.2015                                                       
 36    12527     X 10.75% Patel Engineering Ltd.-2016                           2011010100022  04I          OLDB      100070               10.22              10.22  29.04.2011       CARE                   CARE                  AA             BB            30.09.2014                                                       
 37    12533     X 9.15% Tata Power 2019 NCDs - Secured                         2011010100039  04I          IODS      100100                4.88               4.88  05.05.2011       CRISIL                 CRISIL                AA             AA-           31.12.2013                                                       
 38    12577     X 9.95% Indian Hotels 2021-NCDs Secured                        2011010100133  04I          ECOS      100043               10.13              10.13  18.08.2011       CARE                   CARE                  AA+            AA            14.09.2012                                                       
 39    12630     X 10.10% Indian Hotels                                         2011010100227  04I          ECOS      100043               10.00              10.00  24.11.2011       ICRA                   ICRA                  AA+            AA            14.09.2012                                                       
 40    12642     X 11% Dhanlaxmi Bank 2018                                      2011010100241  04I          OLDB      100070               10.00              10.00  21.01.2012       CARE                   BRICKWORK             A              BB            31.03.2018                                                       
 41    12666     X 10.50% Reliance Infrastructure 2018 Secured                  2011010100304  04I          IODS      100100               25.00              25.00  27.01.2012       CRISIL                 CRISIL                AA+            BBB+          30.09.2017                                                       
 42    12690     X 9.55% Hindalco Inds.2022 NCDs Secured                        2012010100042  04I          ECOS      100043               10.00              10.00  08.05.2012       CRISIL                 CRISIL                AA+            AA            30.09.2017                                                       
 43    12690     X 9.55% Hindalco Inds.2022 NCDs Secured                        2012010100056  04I          ECOS      100043               10.00              10.00  23.05.2012       CRISIL                 CRISIL                AA+            AA            30.09.2017                                                       
 44    12690     X 9.55% Hindalco Inds.2022 NCDs Secured                        2013010100369  04I          ECOS      100043                4.89               5.00  02.01.2014       CRISIL                 CRISIL                AA+            AA            30.09.2017                                                       
 45    12739     X 10.20% Reliance Capital 2022                                 2012010100150  04I          ECOS      100043                9.98               9.98  29.08.2012       CARE                   CARE                  AAA            AA+           30.06.2017                                                       
 46    12739     X 10.20% Reliance Capital 2022                                 2012010100151  04I          ECOS      100043                4.99               4.99  30.08.2012       CARE                   CARE                  AAA            AA+           30.06.2017                                                       
 47    12739     X 10.20% Reliance Capital 2022                                 2012010100181  04I          ECOS      100043               10.05              10.05  27.09.2012       CARE                   CARE                  AAA            AA+           30.06.2017                                                       
 48    12739     X 10.20% Reliance Capital 2022                                 2012010100182  04I          ECOS      100043                5.03               5.03  28.09.2012       CARE                   CARE                  AAA            AA+           30.06.2017                                                       
 49    12784     X 10.25% SREI INFRA FIN LTD 2019                               2012010100251  04I          IODS      100100               14.99              14.99  26.11.2012       BRICKWORK              CARE                  AA             A+            31.12.2015                                                       
 50    12784     X 10.25% SREI INFRA FIN LTD 2019                               2012010100267  04I          IODS      100100                9.98               9.98  07.12.2012       BRICKWORK              CARE                  AA             A+            31.12.2015                                                       
 51    12786     X 8.93% ORIENTAL BANK OF COMMERCE LOWER TIER II BONDS OF       2012010100258  04I          OBPT      100065               15.00              15.00  03.12.2012       ICRA                   ICRA                  AA+            AA-           30.06.2017                                                       
 52    12786     X 8.93% ORIENTAL BANK OF COMMERCE LOWER TIER II BONDS OF       2012010100259  04I          OBPT      100065                9.99               9.99  04.12.2012       ICRA                   ICRA                  AA+            AA-           30.06.2017                                                       
 53    12786     X 8.93% ORIENTAL BANK OF COMMERCE LOWER TIER II BONDS OF       2012010100271  04I          OBPT      100065                9.99               9.99  14.12.2012       ICRA                   ICRA                  AA+            AA-           30.06.2017                                                       
 54    12789     X 9.95% RELIANCE CAPITAL 2022                                  2012010100266  04I          ECOS      100043               15.00              15.00  05.12.2012       CARE                   CARE                  AAA            AA+           30.06.2017                                                       
 55    12789     X 9.95% RELIANCE CAPITAL 2022                                  2012010100276  04I          ECOS      100043               15.04              15.04  19.12.2012       CARE                   CARE                  AAA            AA+           30.06.2017                                                       
 56    12789     X 9.95% RELIANCE CAPITAL 2022                                  2012010100302  04I          ECOS      100043               20.14              20.00  14.01.2013       CARE                   CARE                  AAA            AA+           30.06.2017                                                       
 57    12792     X 10.75% Simplex Infra Ltd 2022 (put/Call 06.12.2019)          2012010100268  04I          IODS      100100               15.00              15.00  11.12.2012       CARE                   CARE                  AA             A             31.12.2015                                                       
 58    12795     X IDBI 8.99% 19-Dec-12 INE008A08U50                            2012010100277  04I          OBPT      100065               15.00              15.00  19.12.2012       ICRA                   ICRA                  AA+            A             30.06.2017                                                       
 59    12799     X 8.90% UNION BANK 2022                                        2012010100285  04I          EPBT      100039               14.00              14.00  01.01.2013       CARE                   CRISIL                AAA            AA+           30.09.2017                                                       
 60    12818     X 10.25% Reliance Capital  Sec NCDs -2022                      2012010100317  04I          ECOS      100043               15.36              15.00  29.01.2013       CARE                   CARE                  AAA            AA+           31.03.2017                                                       
 61    12829     X 9.90% RELIANCE CAPITAL SEC NCD 2023                          2012010100343  04I          ECOS      100043               25.14              25.00  14.02.2013       CARE                   CARE                  AAA            AA+           31.03.2017                                                       
 62    12829     X 9.90% RELIANCE CAPITAL SEC NCD 2023                          2013010100125  04I          ECOS      100043               26.09              25.00  09.07.2013       CARE                   CARE                  AAA            AA+           31.03.2017                                                       
 63    12854     X 9.40% Tata Power Co.Ltd. 2022 Secured NCD                    2013010100000  04I          IODS      100100               10.00              10.00  12.04.2013       CARE                   CRISIL                AA             AA-           31.12.2013                                                       
 64    12886     X 9.17% STERLITE INDUSTRIES (I) LTD SEC NCD 2023               2013010100126  04I          ECOS      100043               20.00              20.00  10.07.2013       CRISIL                 CRISIL                AA+            AA            30.06.2017                                                       
 65    12886     X 9.17% STERLITE INDUSTRIES (I) LTD SEC NCD 2023               2013010100193  04I          ECOS      100043               18.94              20.00  27.08.2013       CRISIL                 CRISIL                AA+            AA            30.06.2017                                                       
 66    12897     X 10% RELIANCE INFRASTRUCTURE LTD 2020 SEC NCD                 2013010100154  04I          IODS      100100               24.93              25.00  31.07.2013       BRICKWORK              BRICKWORK             AA             AA-           30.06.2015                                                       
 67    12897     X 10% RELIANCE INFRASTRUCTURE LTD 2020 SEC NCD                 2013010100274  04I          IODS      100100                2.96               3.00  10.10.2013       BRICKWORK              BRICKWORK             AA             AA-           30.06.2015                                                       
 68    12905     X 9.55% HINDALCO INDS.2022 SEC NCD                             2013010100162  04I          ECOS      100043               19.99              20.00  05.08.2013       CARE                   CRISIL                AA+            AA            30.09.2017                                                       
 69    12905     X 9.55% HINDALCO INDS.2022 SEC NCD                             2013010100328  04I          ECOS      100043                9.82              10.00  06.12.2013       CARE                   CRISIL                AA+            AA            30.09.2017                                                       
 70    12906     X 10% RELIANCE INFRASTRUCTURE LTD AUGUST 2020 SEC NCD          2013010100171  04I          IODS      100100               25.00              25.00  08.08.2013       BRICKWORK              BRICKWORK             AA             AA-           30.06.2015                                                       
 71    12913     X 9.80% Reliance Infrastructure Ltd July 2018 Sec Ncd          2013010100196  04I          IODS      100100               24.34              25.00  28.08.2013       BRICKWORK              BRICKWORK             AA             AA-           30.06.2015                                                       
 72    12913     X 9.80% Reliance Infrastructure Ltd July 2018 Sec Ncd          2013010100211  04I          IODS      100100               14.60              15.00  05.09.2013       BRICKWORK              BRICKWORK             AA             AA-           30.06.2015                                                       
 73    12913     X 9.80% Reliance Infrastructure Ltd July 2018 Sec Ncd          2013010100229  04I          IODS      100100                9.75              10.00  23.09.2013       BRICKWORK              BRICKWORK             AA             AA-           30.06.2015                                                       
 74    12938     X 10.20% RELIANCE INFRA LTD SEC NCD OCT 2020                   2013010100286  04I          IODS      100100               25.00              25.00  01.11.2013       BRICKWORK              BRICKWORK             AA             AA-           30.06.2015                                                       
 75    12946     X 10.20% RELIANCE INFRA LTD SEC NCD OCT 2020 SERIES 17         2013010100305  04I          IODS      100100               25.00              25.00  18.11.2013       BRICKWORK              BRICKWORK             AA             AA-           30.06.2015                                                       
 76    12983     X 9.60% HINDALCO INDUSTRIES LTD 2022 SEC NCD                   2014010100014  04I          ECOS      100043               19.50              20.00  16.04.2014       CARE                   CRISIL                AA+            AA            30.09.2017                                                       
 77    13028     X 9.42% RELIANCE CAPITAL LTD 2024                              2014010100160  04I          ECOS      100043               25.00              25.00  05.08.2014       CARE                   CARE                  AAA            AA+           31.03.2017                                                       
 78    13028     X 9.42% RELIANCE CAPITAL LTD 2024                              2014010100167  04I          ECOS      100043               15.00              15.00  06.08.2014       CARE                   CARE                  AAA            AA+           31.03.2017                                                       
 79    13050     X 10.10% RELIANCE CAPITAL LTD 2022 NCD                         2014010100212  04I          ECOS      100043                5.16               5.00  12.09.2014       CARE                   CARE                  AAA            AA+           31.03.2017                                                       
 80    13069     X 9.32% RELIANCE CAPITAL LIMITED - 2024                        2014010100281  04I          ECOS      100043               20.00              20.00  21.11.2014       CARE                   CARE                  AAA            AA+           31.03.2017                                                       
 81    13087     X 10.50% AMTEK AUTO LIMITED - 2020                             2014010100324  04I          OLDB      100070               25.00              25.00  09.01.2015       CARE                   CARE                  AA             D             31.12.2015                                                       
 82    13087     X 10.50% AMTEK AUTO LIMITED - 2020                             2014010100404  04I          OLDB      100070               10.00              10.00  02.03.2015       CARE                   CARE                  AA             D             31.12.2015                                                       
 83    13148     X 9.72% JSW STEEL LIMITED-2019                                 2015010100041  04I          OLDB      100070               25.39              25.00  11.05.2015       CARE                   CARE                  AA             AA-           31.03.2016                                                       
 84    13224     X 8.23%  PNB HOUSING FINANCE LTD., - 2019                      2015010100209  04I          HTDN      100016               20.00              20.00  14.10.2015       ICRA                   ICRA                  AAA            AA+           31.03.2016                                                       
 85    13401     X 8.90% Reliance Capital Ltd., - 2021                          2016010100143  04I          ECOS      100043               25.00              25.00  14.09.2016       BRICKWORK              CARE                  AAA            AA+           31.03.2017                                                       
 86    13402     X 9.00% Reliance Capital Ltd.,-2026                            2016010100144  04I          ECOS      100043               20.00              20.00  15.09.2016       BRICKWORK              CARE                  AAA            AA+           31.03.2017                                                       
 87    12263     X 8.75%-9.25% UPPER TIER II BONDS OF ORIENTAL BANK OF COMMERCE 2009010100004  04P          OBPT      100065               10.10              10.10  20.05.2009       CARE                   ICRA                  AA             A+            30.06.2017                                                       
*                                                                                                                              1,515.24  1,562.51                                                                                                                                                              
 DECLARATION                                                                      
 Certified that the information given herein are correct                          
 and complete to the best of my knowledge and belief and                          
 nothing has been processed or suppressed.                                        
 DATE                                                                             
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