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 2019 ( ` IN 000)
  PARTICULARS SCHEDULE As at 31.03.2019 As at 31.03.2018
  SOURCES OF FUNDS      
  SHARE CAPITAL                                                               NL-8-Share Capital Schedule 8772 000 4386 000
  SHARE APPLICATION MONEY PENDING ALLOTMENT    
  RESERVES AND SURPLUS NL-10-Reserves and Surplus Schedule 224838 561 220359 393
  Deferred Tax Liability 0 0
  FAIR VALUE CHANGE ACCOUNT    
  Shareholders fund 84079 838 86379 186
  Policyholders fund 220226 487 211963 492
  BORROWINGS NL-11-Borrowings Schedule 0 0
  TOTAL 537916 886 523088 071
  APPLICATION OF FUNDS      
  INVESTMENTS- Shareholders NL-12-Investment Schedule 225377 444 212461 676
  INVESTMENTS- Policyholders NL-12-Investment Schedule 570751 970 506754 010
  LOANS NL-13-Loans Schedule 2579 189 2820 852
  FIXED ASSETS NL-14-Fixed Assets Schedule 1966 904 1711 824
  DEFERRED TAX ASSET 25 562 144 024
  CURRENT ASSETS    
  Cash and Bank Balances NL-15-Cash and bank balance Schedule 128479 085 141716 159
  Advances and Other Assets NL-16-Advancxes and Other Assets Schedule 259655 507 231115 411
  Sub-Total (A) 388134 592 372831 570
  CURRENT LIABILITIES NL-17-Current Liabilities Schedule 508023 836 449901 603
  PROVISIONS NL-18-Provisions Schedule 142894 939 123734 282
  DEFERRED TAX LIABILITY      
  Sub-Total (B)   650918 775 573635 885
  NET CURRENT ASSETS (C) = (A - B)   -262784 183 -200804 315
  MISCELLANEOUS EXPENDITURE (to the extent not written off or adjusted) NL-19-Miscellaneous Expenditure Schedule    
  DEBIT BALANCE IN PROFIT AND LOSS ACCOUNT      
  TOTAL   537916 886 523088 071
CONTINGENT LIABILITIES
  Particulars   As at 31.03.2019 As at 31.03.2018
      (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