FORM NL-1-B-RA

Name of the Insurer:  GENERAL INSURANCE CORPORATION OF INDIA   

Registration No.  112

Date of  Registration with the IRDAI : 2nd April, 2001

REVENUE ACCOUNT FOR THE PERIOD ENDED 31.12.2019

FIRE INSURANCE BUSINESS

       

( ` IN 000)

 

PARTICULARS

SCHEDULE

For the  Three Months  ending 31.12.2019

Up to  the   Nine  Months  ending 31.12.2019

For the corresponding Three months  of the preceeding year

Up to the corresponding  Nine months  of the prceeding year

1

Premiums earned (Net)

NL-4-Premium Schedule

17800 532

69276 313

18463 927

60179 838

2

Profit on sale of Investments (Net)

 

2250 575

4290 672

1259 622

3671 701

3

Profit/-Loss on Exchange Fluctuation

 

168 060

 474,567

-533 992

709 473

4

Interest, Dividend & Rent  - Gross

 

1964 272

6190 659

1742 998

5635 146

 

TOTAL (A)

 

22183 439

80232 211

20932 555

70196 158

1

Claims Incurred (Net)

NL-5-Claims Schedule

21699 643

68119 832

18655 796

61426 023

2

Commission (Net)

NL-6-Commission Schedule

7952 496

24242 703

5325 982

16542 491

3

Operating Expenses related to Insurance Business

NL-7-Operating Expenses Schedule

130 683

636 214

162 028

417 434

4

Expenses relating to Investments

 

 0

 0

 0

 0

5

Premium Deficiency

 

 0

 0

 0

 0

 

TOTAL  (B)

 

29782 822

92998 749

24143 806

78385 948

             
 

Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B)

 

-7599 383

-12766 538

-3211 251

-8189 790

 

APPROPRIATIONS

         
 

Transfer to Shareholders’ Account

 

-7599 383

-12766 538

-3211 251

-8189 790

 

Transfer to Catastrophe Reserve

         
 

Transfer to Other Reserves (to be specified)

         
 

TOTAL (C)

 

-7599 383

-12766 538

-3211 251

-8189 790

As required by Section 40C (2)  of the Insurance  Act, 1938, we certify that, all expenses of management,  wherever incurred,  whether directly or indirectly, in respect of Fire Insurance Business have been fully debited in the Fire Insurance Revenue Accounts as expenses.

             
             

MISCELLANEOUS INSURANCE BUSINESS

 

PARTICULARS

SCHEDULE

For the  Three Months  ending 31.12.2019

Up to  the   Nine  Months  ending 31.12.2019

For the corresponding Three months  of the preceeding year

Up to the corresponding  Nine months  of the prceeding year

1

Premiums earned (Net)

NL-4-Premium Schedule

53054 037

278994 792

47798 451

253848 052

2

Profit on sale of Investments (Net)

 

6077 127

11664 673

3130 291

9542 090

3

Profit/-Loss on Exchange Fluctuation

 

456 461

 1,145,065

-1360 276

1874 581

4

Interest, Dividend & Rent  - Gross

 

5254 506

16830 002

4298 605

14644 732

 

TOTAL (A)

 

64842 131

308634 532

53867 071

279909 455

1

Claims Incurred (Net)

NL-5-Claims Schedule

57384 282

278715 468

36002 718

227973 855

2

Commission (Net)

NL-6-Commission Schedule

12389 234

34266 451

5312 320

31737 609

3

Operating Expenses related to Insurance Business

NL-7-Operating Expenses Schedule

372 683

2055 461

509 977

1394 237

4

Expenses relating to Investments

 

 0

 0

 0

 0

5

Premium Deficiency

 

 0

 0

 0

 0

 

TOTAL  (B)

 

70146 199

315037 380

41825 015

261105 701

             
 

Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B)

 

 (5304 068)

 (6402 848)

12042 056

18803 754

 

APPROPRIATIONS

         
 

Transfer to Shareholders’ Account

 

 (5304 068)

 (6402 848)

12042 056

18803 754

 

Transfer to Catastrophe Reserve

   

0

 

0

 

Transfer to Other Reserves (to be specified)

   

 0

 

 0

 

TOTAL (C)

 

 (5304 068)

 (6402 848)

12042 056

18803 754

As required by Section 40C (2)  of the Insurance  Act, 1938, we certify that, all expenses of management,  wherever incurred,  whether directly or indirectly, in respect of Miscellaneous Insurance Business have been fully debited in the Miscellaneous Insurance Revenue Accounts as expenses.

             
             

MARINE INSURANCE BUSINESS

 

PARTICULARS

SCHEDULE

For the  Three Months  ending 31.12.2019

Up to  the   Nine  Months  ending 31.12.2019

For the corresponding Three months  of the preceeding year

Up to the corresponding  Nine months  of the prceeding year

1

Premiums earned (Net)

NL-4-Premium Schedule

5328 637

11005 052

2602 063

8520 525

2

Profit on sale of Investments (Net)

 

383 420

762 050

249 562

642 242

3

Profit/-Loss on Exchange Fluctuation

 

28 246

 76,295

-71 949

126 165

4

Interest, Dividend & Rent  - Gross

 

315 107

1099 499

352 050

985 681

 

TOTAL (A)

 

6055 410

12942 896

3131 726

10274 613

1

Claims Incurred (Net)

NL-5-Claims Schedule

4190 420

9662 644

1943 856

6213 564

2

Commission (Net)

NL-6-Commission Schedule

844 173

2312 096

860 861

2235 942

3

Operating Expenses related to Insurance Business

NL-7-Operating Expenses Schedule

18 321

80 307

30 772

58 974

4

Expenses relating to Investments

 

 0

 0

 0

 0

5

Premium Deficiency

 

 0

 0

 0

 0

 

TOTAL  (B)

 

5052 914

12055 047

2835 489

8508 480

             
 

Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B)

 

1002496

887849

296237

1766133

 

APPROPRIATIONS

         
 

Transfer to Shareholders’ Account

 

1002 496

887 849

296 237

1766 133

 

Transfer to Catastrophe Reserve

         
 

Transfer to Other Reserves (to be specified)

         
 

TOTAL (C)

 

1002 496

887 849

296 237

1766 133

As required by Section 40C (2)  of the Insurance  Act, 1938, we certify that, all expenses of management,  wherever incurred,  whether directly or indirectly, in respect of Marine Insurance Business have been fully debited in the Marine Insurance Revenue Accounts as expenses.

             
             

LIFE INSURANCE BUSINESS

 

PARTICULARS

SCHEDULE

For the  Three Months  ending 31.12.2019

Up to  the   Nine  Months  ending 31.12.2019

For the corresponding Three months  of the preceeding year

Up to the corresponding  Nine months  of the prceeding year

1

Premiums earned (Net)

NL-4-Premium Schedule

2101 549

5490 448

1430 139

3679 563

2

Profit on sale of Investments (Net)

 

79 502

168 589

40 943

111 117

3

Profit/-Loss on Exchange Fluctuation

 

5 579

 16,821

-13 574

17 939

4

Interest, Dividend & Rent  - Gross

 

58 687

243 244

57 304

170 537

 

TOTAL (A)

 

2245 317

5919 102

1514 812

3979 156

1

Claims Incurred (Net)

NL-5-Claims Schedule

1592 313

4986 457

1653 778

3952 863

2

Commission (Net)

NL-6-Commission Schedule

19 976

69 636

18 419

61 479

3

Operating Expenses related to Insurance Business

NL-7-Operating Expenses Schedule

6 878

43 840

8 490

19 253

4

Expenses relating to Investments

 

 0

 0

 0

 0

5

Premium Deficiency

 

-163 649

324 220

-25 927

48 583

 

TOTAL  (B)

 

1455 518

5424 153

1654 760

4082 178

             
 

Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B)

 

789 799

494 949

 (139 948)

 (103 022)

 

APPROPRIATIONS

         
 

Transfer to Shareholders’ Account

 

789 799

494 949

 (139 948)

 (103 022)

 

Transfer to Catastrophe Reserve

         
 

Transfer to Other Reserves (to be specified)

         
 

TOTAL (C)

 

789 799

494 949

 (139 948)

 (103 022)

As required by Section 40C (2)  of the Insurance  Act, 1938, we certify that, all expenses of management,  wherever incurred,  whether directly or indirectly, in respect of Life Insurance Business have been fully debited in the Life Insurance Revenue Accounts as expenses.