FORM NL-26 - CLAIMS INFORMATION - KG Table I

Insurer : General Insurance Corporation of India

Solvency for the period ended 31.12.2019

Required solvency margin based on net premium and net incurred claims

               

(` in Lacs)

Item No.

Description

PREMIUM

CLAIM

RSM-1

RSM-2

RSM

Gross  Premium

Net  Premium

Gross incurred claim

Net incurred Claim

1

Fire

11743 04.22

9692 11.11

9597 44.73

8963 66.12

1938 42.22

2689 09.84

2689 09.84

2

Misc - Motor

9383 69.67

9383 69.67

7492 73.45

7492 73.43

1876 73.93

2247 82.03

2247 82.03

3

Misc - Aviation

1391 97.47

1059 11.53

1273 01.69

902 05.38

211 82.31

270 61.61

270 61.61

4

Misc - Engg

1146 58.99

1025 48.84

638 40.76

675 93.00

205 09.77

202 77.90

205 09.77

5

Misc - W.C.

24 21.80

24 21.10

29 68.98

29 68.98

4 84.22

8 90.69

8 90.69

6

Misc - Liability

774 18.24

672 89.66

395 18.78

392 27.35

134 57.93

117 68.21

134 57.93

7

Misc - P.A.

721 15.59

720 64.48

539 57.37

539 55.76

144 12.90

161 86.73

161 86.73

8

Misc - Health

5446 74.76

5374 18.62

5396 66.84

5367 67.97

1074 83.72

1610 30.39

1610 30.39

9

Misc - Agriculture

15255 49.80

12544 82.39

13772 48.31

13638 55.26

2508 96.48

4091 56.58

4091 56.58

10

Misc - Oth. Misc.

891 09.19

776 93.25

357 43.26

313 04.64

155 38.65

93 91.39

155 38.65

11

Misc - FL/Cr.

339 62.39

339 25.47

288 90.60

275 45.04

67 85.09

82 63.51

82 63.51

12

Marine - Cargo

968 77.57

846 00.70

478 72.09

443 33.77

169 20.14

133 00.13

169 20.14

13

Marine - Hull

996 26.20

775 02.73

748 51.92

721 27.78

155 00.55

216 38.33

216 38.33

14

Life

 0.00

 0.00

 0.00

 0.00

 0.00

 0.00

868 24.70

 

Total

49082 85.89

43234 39.55

41008 78.78

39755 24.49

8646 87.91

11926 57.35

12911 70.91

 

RSM1 premium has been calculated based on 12 month figure  on rolling basis complying with circular no.  IRDA/F&I/CIR/F&A/076/05/2010 dated 10.05.2010.

 

RSM2 Gross Incurred Claim and Net Incurred Claim has been calculated complying with circular no. 045/IRDA/F&A/Mar-06 dated 31.03.2006

                 
                 

Solvency for the period ended 31.12.2018

Required solvency margin based on net premium and net incurred claims

               

(` in Lacs)

Item No.

Description

PREMIUM

CLAIM

RSM-1

RSM-2

RSM

Gross  Premium

Net  Premium

Gross incurred claim

Net incurred Claim

1

Fire

1060382.08

836006.86

893022.56

721764.80

167201.37

216529.44

216529.44

2

Misc - Motor

839921.28

839920.66

773170.74

773155.75

167984.13

231946.73

231946.73

3

Misc - Aviation

103785.47

85731.69

123489.12

92030.64

17146.34

27609.19

27609.19

4

Misc - Engg

105685.41

92137.40

56968.56

60262.79

18427.48

18078.84

18427.48

5

Misc - W.C.

5275.73

5275.47

6131.08

6131.08

1055.09

1839.32

1839.32

6

Misc - Liability

52169.73

37012.16

21813.36

21980.97

7825.46

6594.29

7825.46

7

Misc - P.A.

75984.88

75975.37

48083.21

48083.21

15195.07

14424.96

15195.07

8

Misc - Health

538818.15

535338.32

432398.75

421488.58

107067.66

126446.57

126446.57

9

Misc - Agriculture

1384545.38

1296693.99

1332933.27

1324205.41

259338.80

397261.62

397261.62

10

Misc - Oth. Misc.

47727.98

36126.62

43158.02

35528.74

7225.32

10658.62

10658.62

11

Misc - FL/Cr.

31876.75

31033.05

42552.92

45007.19

6206.61

13502.16

13502.16

12

Marine - Cargo

67193.13

55119.26

34755.99

33151.92

11023.85

9945.58

11023.85

13

Marine - Hull

102404.88

77844.14

53930.66

45310.41

15568.83

13593.12

15568.83

14

Life

0.00

0.00

0.00

0.00

0.00

0.00

76479.77

 

Total

44157 70.85

40042 15.00

38624 08.24

36281 01.50

8012 66.03

10884 30.45

11703 14.13

 

RSM1 premium has been calculated based on 12 month figure  on rolling basis complying with circular no.  IRDA/F&I/CIR/F&A/076/05/2010 dated 10.05.2010.

 

RSM2 Gross Incurred Claim and Net Incurred Claim has been calculated complying with circular no. 045/IRDA/F&A/Mar-06 dated 31.03.2006