FORM NL-31: Related Party Transactions
Insurer: GIC Re     Date: 30.09.2019    
               
Related Party Transactions                                                                                                                                                                                                                                             (Rs in Thousand)
Sl.No. Name of the Related Party Nature of Relationship with the Company Description of Transactions / Categories¬  Consideration paid / received*
For the quarter 30.09.2019 Up to the Quarter 30.09.2019 Corresponding quarter of the preceding year 30.09.2018 Up to the Quarter of the preceding year 30.09.2018
1 India International Pte LTD. Associate Company Net Premiun - Net commission - Net Claims 13,585.28 35,024.46 4,027.47 -116,963.25
2 GIC RE South Africa Ltd. Subsidiary Company Net Premiun - Net commission - Net Claims 0.00 -298,195.17 -996,984.91 -996,984.91
3 GIC-Bhutan RE Ltd. Associate Company Net Premiun - Net commission - Net Claims 9,278.83 18,569.45 - -
4 Agricultural Insurance Company of India Ltd Associate Company Net Premiun - Net commission - Net Claims 4,803,241.00 25,689,769.60 -23,661,871.45 -1,458,107.47
5 GIC RE INDIA CORPORATE MEMBER Subsidiary Company Net Premiun - Net commission - Net Claims 93,823.67 1,255,849.83 -426,204.55 -444,380.86
(-) indicates amount payable by GIC Re