TABLE IB: AVAILABLE SOLVENCY MARGIN AND SOLVENCY RATIO AS AT 31 December  2019

General Insurance Corporation of India

Registration Number:  112

Date of Registration: 02-04-2001

Classification: Total Business

(` in Lacs)

Item

Description

Notes No.

Amount

(1)

(2)

(3)

(3)

A

Policy-holder's Funds

   
 

Available Assets (as per IRDAI-GI-TA)

 

83214 76.90

 

Deduct:

   

B

Current liabilities as per BS

 

58418 79.09

C

Provision as per BS

 

16061 24.99

D

Other Liabilities

 

5652 20.19

E

Excess in Policyholders’ Funds (A-B-C-D)*

 

308252.63

 

Shareholder's Funds

   

F

Available Assets

 

17131 62.47

 

Deduct:

G

Other Liabilities

 

757 66.22

H

Excess in Shareholders’ Funds (F-G)

 

16373 96.25

I

Total Available Solvency Margin [ASM]   (E+H)

 

19456 48.88

J

Total Required Solvency Margin  [RSM]

 

12911 70.91

K

Solvency Ratio (Total ASM/Total RSM)

 

1.51

* Though Policyholder's fund is in minus,GIC Re has sufficient shareholder's funds to support and meet the liabilities,if required.

       

# The above table includes the RSM for Life Re Rs.868,24.70 lakhs