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 30 September 2019 ( ` IN 000)
  PARTICULARS SCHEDULE As at 30.09.2019 As at 30.09.2018
  SOURCES OF FUNDS      
  SHARE CAPITAL                                                               NL-8-Share Capital Schedule 8772 000 8772 000
  SHARE APPLICATION MONEY PENDING ALLOTMENT    
  RESERVES AND SURPLUS NL-10-Reserves and Surplus Schedule 204950 599 218205 935
  Deferred Tax Liability 0 0
  FAIR VALUE CHANGE ACCOUNT    
  Shareholders fund 59646 400 78008 029
  Policyholders fund 208783 463 221677 062
  BORROWINGS NL-11-Borrowings Schedule 0 0
  TOTAL 482152 462 526663 026
  APPLICATION OF FUNDS      
  INVESTMENTS- Shareholders NL-12-Investment Schedule 177266 004 202995 679
  INVESTMENTS- Policyholders NL-12-Investment Schedule 594341 864 559949 704
  LOANS NL-13-Loans Schedule 2378 937 2601 581
  FIXED ASSETS NL-14-Fixed Assets Schedule 1869 429 1891 945
  DEFERRED TAX ASSET 27 786 1001 665
  CURRENT ASSETS    
  Cash and Bank Balances NL-15-Cash and bank balance Schedule 134002 064 121126 612
  Advances and Other Assets NL-16-Advancxes and Other Assets Schedule 350918 957 289386 475
  Sub-Total (A) 484921 021 410513 087
  CURRENT LIABILITIES NL-17-Current Liabilities Schedule 633078 599 532526 436
  PROVISIONS NL-18-Provisions Schedule 145573 980 119764 199
  DEFERRED TAX LIABILITY      
  Sub-Total (B)   778652 579 652290 635
  NET CURRENT ASSETS (C) = (A - B)   -293731 558 -241777 548
  MISCELLANEOUS EXPENDITURE (to the extent not written off or adjusted) NL-19-Miscellaneous Expenditure Schedule    
  DEBIT BALANCE IN PROFIT AND LOSS ACCOUNT      
  TOTAL   482152 462 526663 026
CONTINGENT LIABILITIES
  Particulars   As at 30.09.2019 As at 30.09.2018
      (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 28619990 22153841
5 Statutory demands/ liabilities in dispute, not provided for 58494036 17262332
6 Reinsurance obligations to the extent not provided for in accounts    
7 Indirect tax 10232624  
  TOTAL   97357 650 39427 173