FORM NL-5 - CLAIMS SCHEDULE
(` '000)
PARTICULARS For the  Three Months  ending 30.06.2019 Up to  the  Three  Months  ending 30.06.2019 For the corresponding Three months  of the preceeding year  Up to the corresponding  three months  of the prceeding year
FIRE INSURANCE        
Claims paid  
Direct claims  
Add Claims Outstanding at the end of the year  
Less Claims Outstanding at the beginning of the year  
Gross Incurred Claims  0  0  0  0
Add   :Re-insurance accepted to direct claims 17804 231 17804 231 16089 449 16089 449
Less :Re-insurance Ceded to claims paid 3397 362 3397 362 1206 631 1206 631
Net Claims Paid 14406 869 14406 869 14882 818 14882 818
Add : Claims Outstanding at the end of the year 128122 612 128122 612 108409 835 108409 835
Less: Claims Outstanding at the beginning of the year 124265 299 124265 299 103462 460 103462 460
Total Claims Incurred 18264 182 18264 182 19830 193 19830 193
         
         
         
         
         
MISCELLANEOUS INSURANCE
MOTOR        
Claims paid  
Direct claims  
Add Claims Outstanding at the end of the year  
Less Claims Outstanding at the beginning of the year  
Gross Incurred Claims  0  0  0  0
Add   :Re-insurance accepted to direct claims 11206 945 11206 945 11871 446 11871 446
Less :Re-insurance Ceded to claims paid  0  0  0  0
Net Claims Paid 11206 945 11206 945 11871 446 11871 446
Add : Claims Outstanding at the end of the year 130344 512 130344 512 100257 897 100257 897
Less: Claims Outstanding at the beginning of the year 119087 988 119087 988 95213 894 95213 894
Total Claims Incurred 22463 469 22463 469 16915 449 16915 449
AVIATION
Claims paid        
Direct claims  
Add Claims Outstanding at the end of the year  
Less Claims Outstanding at the beginning of the year  
Gross Incurred Claims  0  0  0  0
Add   :Re-insurance accepted to direct claims 3228 020 3228 020 1779 334 1779 334
Less :Re-insurance Ceded to claims paid 830 667 830 667 179 739 179 739
Net Claims Paid 2397 353 2397 353 1599 595 1599 595
Add : Claims Outstanding at the end of the year 11595 967 11595 967 10078 613 10078 613
Less: Claims Outstanding at the beginning of the year 11137 632 11137 632 9960 585 9960 585
Total Claims Incurred 2855 688 2855 688 1717 623 1717 623
ENGINEERING
Claims paid        
Direct claims  
Add Claims Outstanding at the end of the year  
Less Claims Outstanding at the beginning of the year  
Gross Incurred Claims  0  0  0  0
Add   :Re-insurance accepted to direct claims 1446 299 1446 299 1576 693 1576 693
Less :Re-insurance Ceded to claims paid 17 009 17 009  10  10
Net Claims Paid 1429 290 1429 290 1576 683 1576 683
Add : Claims Outstanding at the end of the year 18424 023 18424 023 16469 854 16469 854
Less: Claims Outstanding at the beginning of the year 17733 208 17733 208 16934 540 16934 540
Total Claims Incurred 2120 105 2120 105 1111 997 1111 997
WC
Claims paid        
Direct claims  
Add Claims Outstanding at the end of the year  
Less Claims Outstanding at the beginning of the year  
Name of the Insurer:  GENERAL INSURANCE CORPORATION OF INDIA    Gross Incurred Claims  0  0  0  0
CLAIMS INCURRED [NET] Add   :Re-insurance accepted to direct claims 29 489 29 489 59 218 59 218
FOR THE PERIOD ENDED 30.06.2019 Less :Re-insurance Ceded to claims paid  0  0  0  0
Net Claims Paid 29 489 29 489 59 218 59 218
  Add : Claims Outstanding at the end of the year 674 023 674 023 614 583 614 583
A Less: Claims Outstanding at the beginning of the year 655 257 655 257 548 011 548 011
  Total Claims Incurred 48 255 48 255 125 790 125 790
 
 
  Liability
  Claims paid        
  Direct claims  
  Add Claims Outstanding at the end of the year  
  Less Claims Outstanding at the beginning of the year  
  Gross Incurred Claims  0  0  0  0
  Add   :Re-insurance accepted to direct claims 162 877 162 877 81 151 81 151
  Less :Re-insurance Ceded to claims paid 8 307 8 307  397  397
Notes: Net Claims Paid 154 570 154 570 80 754 80 754
a)      Incurred But Not Reported (IBNR), Incurred but not enough reported [IBNER] claims should be included in the amount for outstanding claims. Add : Claims Outstanding at the end of the year 5460 813 5460 813 2908 597 2908 597
b)      Claims includes specific claims settlement cost but not expenses of management Less: Claims Outstanding at the beginning of the year 4769 475 4769 475 2592 049 2592 049
c)       The surveyor fees, legal and other expenses shall also form part of claims cost. Total Claims Incurred 845 908 845 908 397 302 397 302
d)      Claims cost should be adjusted for estimated salvage value if there is a sufficient certainty of its realisation.
PA
B Claims paid        
(1) Direct claims  
  Add Claims Outstanding at the end of the year  
  Less Claims Outstanding at the beginning of the year  
  Gross Incurred Claims  0  0  0  0
  Add   :Re-insurance accepted to direct claims 1319 330 1319 330 884 850 884 850
  Less :Re-insurance Ceded to claims paid  0  0  0  0
  Net Claims Paid 1319 330 1319 330 884 850 884 850
  Add : Claims Outstanding at the end of the year 6592 042 6592 042 4210 021 4210 021
  Less: Claims Outstanding at the beginning of the year 5945 650 5945 650 3780 066 3780 066
  Total Claims Incurred 1965 722 1965 722 1314 805 1314 805
 
 
Health
Claims paid        
(2) Direct claims  
  Add Claims Outstanding at the end of the year  
  Less Claims Outstanding at the beginning of the year  
  Gross Incurred Claims  0  0  0  0
  Add   :Re-insurance accepted to direct claims 10877 056 10877 056 4971 104 4971 104
  Less :Re-insurance Ceded to claims paid  0  0  0  0
  Net Claims Paid 10877 056 10877 056 4971 104 4971 104
  Add : Claims Outstanding at the end of the year 24585 329 24585 329 23591 126 23591 126
  Less: Claims Outstanding at the beginning of the year 20178 545 20178 545 16622 962 16622 962
  Total Claims Incurred 15283 840 15283 840 11939 268 11939 268
 
 
Agriculture
Claims paid        
(3) Direct claims  
  Add Claims Outstanding at the end of the year  
  Less Claims Outstanding at the beginning of the year  
  Gross Incurred Claims  0  0  0  0
  Add   :Re-insurance accepted to direct claims 22475 506 22475 506 14931 396 14931 396
  Less :Re-insurance Ceded to claims paid 60 298 60 298 50 074 50 074
  Net Claims Paid 22415 208 22415 208 14881 322 14881 322
  Add : Claims Outstanding at the end of the year 164216 674 164216 674 180731 298 180731 298
  Less: Claims Outstanding at the beginning of the year 112451 396 112451 396 125329 521 125329 521
  Total Claims Incurred 74180 486 74180 486 70283 099 70283 099
 
 
Oth. Misc.
Claims paid        
(4) Direct claims  
  Add Claims Outstanding at the end of the year  
  Less Claims Outstanding at the beginning of the year  
  Gross Incurred Claims  0  0  0  0
  Add   :Re-insurance accepted to direct claims 1655 711 1655 711 1412 462 1412 462
  Less :Re-insurance Ceded to claims paid 119 702 119 702 4 963 4 963
  Net Claims Paid 1536 009 1536 009 1407 499 1407 499
  Add : Claims Outstanding at the end of the year 11497 626 11497 626 9793 779 9793 779
  Less: Claims Outstanding at the beginning of the year 8811 750 8811 750 10968 057 10968 057
  Total Claims Incurred 4221 885 4221 885 233 221 233 221
 
 
FL/Credit
Claims paid        
(5) Direct claims  
  Add Claims Outstanding at the end of the year  
  Less Claims Outstanding at the beginning of the year  
  Gross Incurred Claims  0  0  0  0
  Add   :Re-insurance accepted to direct claims 260 183 260 183 463 836 463 836
  Less :Re-insurance Ceded to claims paid  0  0  0  0
  Net Claims Paid 260 183 260 183 463 836 463 836
  Add : Claims Outstanding at the end of the year 8462 042 8462 042 6736 431 6736 431
  Less: Claims Outstanding at the beginning of the year 8183 734 8183 734 6696 150 6696 150
  Total Claims Incurred 538 491 538 491 504 117 504 117
 
 
TOTAL  MISCELLANEOUS
Claims paid        
(6) Direct claims  
  Add Claims Outstanding at the end of the year  
  Less Claims Outstanding at the beginning of the year  
  Gross Incurred Claims  0  0  0  0
  Add   :Re-insurance accepted to direct claims 52661 416 52661 416 38031 490 38031 490
  Less :Re-insurance Ceded to claims paid 1035 983 1035 983 235 183 235 183
  Net Claims Paid 51625 433 51625 433 37796 307 37796 307
  Add : Claims Outstanding at the end of the year 381853 051 381853 051 355392 199 355392 199
  Less: Claims Outstanding at the beginning of the year 308954 635 308954 635 288645 835 288645 835
  Total Claims Incurred 124523 849 124523 849 104542 671 104542 671
 
 
MARINE INSURANCE
MARINE CARGO
(7) Claims paid        
  Direct claims  
  Add Claims Outstanding at the end of the year  
  Less Claims Outstanding at the beginning of the year  
  Gross Incurred Claims  0  0  0  0
  Add   :Re-insurance accepted to direct claims 952 741 952 741 724 006 724 006
  Less :Re-insurance Ceded to claims paid 124 598 124 598 63 868 63 868
  Net Claims Paid 828 143 828 143 660 138 660 138
  Add : Claims Outstanding at the end of the year 6194 130 6194 130 6461 195 6461 195
  Less: Claims Outstanding at the beginning of the year 6124 215 6124 215 5899 312 5899 312
  Total Claims Incurred 898 058 898 058 1222 021 1222 021
 
MARINE HULL
(8) Claims paid        
  Direct claims  
  Add Claims Outstanding at the end of the year  
  Less Claims Outstanding at the beginning of the year  
  Gross Incurred Claims  0  0  0  0
  Add   :Re-insurance accepted to direct claims 1380 000 1380 000 1796 533 1796 533
  Less :Re-insurance Ceded to claims paid 804 056 804 056 228 418 228 418
  Net Claims Paid 575 944 575 944 1568 115 1568 115
  Add : Claims Outstanding at the end of the year 12842 707 12842 707 11015 340 11015 340
  Less: Claims Outstanding at the beginning of the year 11730 451 11730 451 10601 263 10601 263
  Total Claims Incurred 1688 200 1688 200 1982 192 1982 192
 
TOTAL MARINE 
(9) Claims paid        
  Direct claims  
  Add Claims Outstanding at the end of the year  
  Less Claims Outstanding at the beginning of the year  
  Gross Incurred Claims  0  0  0  0
  Add   :Re-insurance accepted to direct claims 2332 741 2332 741 2520 539 2520 539
  Less :Re-insurance Ceded to claims paid 928 654 928 654 292 286 292 286
  Net Claims Paid 1404 087 1404 087 2228 253 2228 253
  Add : Claims Outstanding at the end of the year 19036 837 19036 837 17476 535 17476 535
  Less: Claims Outstanding at the beginning of the year 17854 666 17854 666 16500 575 16500 575
  Total Claims Incurred 2586 258 2586 258 3204 213 3204 213
 
LIFE INSURANCE
(10) Claims paid        
  Direct claims  
  Add Claims Outstanding at the end of the year  
  Less Claims Outstanding at the beginning of the year  
  Gross Incurred Claims  0  0  0  0
  Add   :Re-insurance accepted to direct claims 1858 628 1858 628 1538 617 1538 617
  Less :Re-insurance Ceded to claims paid 277 462 277 462 143 114 143 114
  Net Claims Paid 1581 166 1581 166 1395 503 1395 503
  Add : Claims Outstanding at the end of the year 4294 129 4294 129 3015 307 3015 307
  Less: Claims Outstanding at the beginning of the year 4242 699 4242 699 3145 809 3145 809
  Total Claims Incurred 1632 596 1632 596 1265 001 1265 001
 
TOTAL ALL CLASSES
Claims paid        
  Direct claims  
  Add Claims Outstanding at the end of the year  
  Less Claims Outstanding at the beginning of the year  
  Gross Incurred Claims  0  0  0  0
  Add   :Re-insurance accepted to direct claims 74657 016 74657 016 58180 095 58180 095
  Less :Re-insurance Ceded to claims paid 5639 461 5639 461 1877 214 1877 214
  Net Claims Paid 69017 555 69017 555 56302 881 56302 881
  Add : Claims Outstanding at the end of the year 533306 629 533306 629 484293 876 484293 876
  Less: Claims Outstanding at the beginning of the year 455317 299 455317 299 411754 679 411754 679
  Total Claims Incurred 147006 885 147006 885 128842 078 128842 078
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