FORM NL-7-OPERATING EXPENSES SCHEDULE




Name of the Insurer:  GENERAL INSURANCE CORPORATION OF INDIA   




OPERATING EXPENSES RELATED TO INSURANCE BUSINESS



(` '000)

PARTICUALRS For the Three Months ending 31.12.2018 Up to the Nine Months ending 31.12.2018 For the corresponding Three months of the preceeding year Up to the corresponding Nine months of the prceeding year
1 Employees’ remuneration & welfare benefits 338 316 893 155 185 845 697 145
2 Travel, conveyance and vehicle running expenses 23 775 53 997 22 896 66 580
3 Training expenses 7 174 12 190 3 207 11 362
4 Rents, rates & taxes 16 148 48 167 13 829 43 328
5 Repairs 60 227 164 824 40 757 134 570
6 Printing & stationery 1 418 2 468 1 475 2 544
7 Communication 4 373 11 736 3 991 12 892
8 Legal & professional charges 22 352 55 847 24 344 51 161
9 Auditors' fees, expenses etc 0
0

(a) as auditor 1 235 5 094 526 4 254

(b) as adviser or in any other capacity, in respect of




(i) Taxation matters 0 0 0 0

(ii) Insurance matters




(iii) Management services; and




(c)   in any other capacity 0 0 0 14
10 Advertisement and publicity 60 221 90 338 32 625 54 457
11 Interest & Bank Charges 8 026 24 873 7 559 14 877
12 IT Expenses 19 547 142 774 29 630 100 782
13 Depreciation 36 970 93 607 19 190 55 409
14 Service Tax A/C 0 0 2 329 16 975
15 Swachh Bharat Cess 0 0 0 691
16 Others 111 486 290 827 125 259 270 185

TOTAL 711 268 1889 897 513 462 1537 226
Note: Items of expenses and income in excess of one percent of the total premiums (less reinsurance) or Rs.5,00,000 whichever is higher, shall be shown as a separate line item.