FORM NL-4-PREMIUM SCHEDULE

 

Name of the Insurer:  GENERAL INSURANCE CORPORATION OF INDIA   

 

PREMIUM EARNED [NET]

 

FOR THE PERIOD ENDED 31.12.2019

 

A

FIRE INSURANCE

   

(` '000)

 
 

PARTICULARS

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

 
 

Premium from direct business written

 0

 0

 0

 0

 
 

Service Tax

     
 

Adjustment for change in reserve for unexpired risks

     
 

Gross Earned Premium

     
 

Add: Premium on reinsurance accepted

26242 631

90147 019

21837 579

75842 053

 
 

Less : Premium on reinsurance ceded

2859 058

12925 078

6300 761

15069 816

 
 

Net Premium

23383 573

77221 941

15536 818

60772 237

 
 

Adjustment for change in reserve for unexpired risks

-5583 041

-7945 628

2927 109

-592 399

 
 

Premium Earned (Net)

17800 532

69276 313

18463 927

60179 838

 
       
       

B

MISCELLANEOUS INSURANCE

     

(1)

MOTOR

     
 

Premium from direct business written

 0

 0

 0

 0

 
 

Service Tax

     
 

Adjustment for change in reserve for unexpired risks

     
 

Gross Earned Premium

     
 

Add: Premium on reinsurance accepted

23016 981

73185 613

18451 676

62845 423

 
 

Less : Premium on reinsurance ceded

 0

 0

 14

 62

 
 

Net Premium

23016 981

73185 613

18451 662

62845 361

 
 

Adjustment for change in reserve for unexpired risks

-1383 349

-6042 237

1119 560

-833 241

 
 

Premium Earned (Net)

21633 632

67143 376

19571 222

62012 120

 
       
       

(2)

AVIATION

     
 

Premium from direct business written

 0

 0

 0

 0

 
 

Service Tax

     
 

Adjustment for change in reserve for unexpired risks

     
 

Gross Earned Premium

     
 

Add: Premium on reinsurance accepted

4948 347

10912 156

3979 639

8358 924

 
 

Less : Premium on reinsurance ceded

948 775

2408 948

453 915

1414 832

 
 

Net Premium

3999 572

8503 208

3525 724

6944 092

 
 

Adjustment for change in reserve for unexpired risks

-326 528

-849 224

-459 341

-1084 020

 
 

Premium Earned (Net)

3673 044

7653 984

3066 383

5860 072

 
       
       

(3)

ENGINEERING

     
 

Premium from direct business written

 0

 0

 0

 0

 
 

Service Tax

     
 

Adjustment for change in reserve for unexpired risks

     
 

Gross Earned Premium

     
 

Add: Premium on reinsurance accepted

3233 096

9493 524

3108 982

8299 696

 
 

Less : Premium on reinsurance ceded

476 850

949 744

552 192

1270 452

 
 

Net Premium

2756 246

8543 780

2556 790

7029 244

 
 

Adjustment for change in reserve for unexpired risks

-121 928

-763 589

-383 279

-15 684

 
 

Premium Earned (Net)

2634 318

7780 191

2173 511

7013 560

 
       
       

(4)

W.C.

     
 

Premium from direct business written

 0

 0

 0

 0

 
 

Service Tax

     
 

Adjustment for change in reserve for unexpired risks

     
 

Gross Earned Premium

     
 

Add: Premium on reinsurance accepted

75 021

211 559

227 227

458 570

 
 

Less : Premium on reinsurance ceded

 0

 23

 24

 26

 
 

Net Premium

75 021

211 536

227 203

458 544

 
 

Adjustment for change in reserve for unexpired risks

75 861

125 592

-46 841

-77 800

 
 

Premium Earned (Net)

150 882

337 128

180 362

380 744

 
       
       

(5)

Liability

     
 

Premium from direct business written

 0

 0

 0

 0

 
 

Service Tax

     
 

Adjustment for change in reserve for unexpired risks

     
 

Gross Earned Premium

     
 

Add: Premium on reinsurance accepted

2008 780

5693 504

1142 050

4342 656

 
 

Less : Premium on reinsurance ceded

77 885

373 390

171 848

1112 034

 
 

Net Premium

1930 895

5320 114

970 202

3230 622

 
 

Adjustment for change in reserve for unexpired risks

-684 982

-1252 609

-125 558

-419 968

 
 

Premium Earned (Net)

1245 913

4067 505

844 644

2810 654

 
       
       

(6)

PA

     
 

Premium from direct business written

 0

 0

 0

 0

 
 

Service Tax

     
 

Adjustment for change in reserve for unexpired risks

     
 

Gross Earned Premium

     
 

Add: Premium on reinsurance accepted

2116 630

5601 798

1937 563

5629 307

 
 

Less : Premium on reinsurance ceded

 261

1 432

 951

 951

 
 

Net Premium

2116 369

5600 366

1936 612

5628 356

 
 

Adjustment for change in reserve for unexpired risks

-111 962

112 788

-18 380

-685 336

 
 

Premium Earned (Net)

2004 407

5713 154

1918 232

4943 020

 
       
       

(7)

Health

     
 

Premium from direct business written

 0

 0

 0

 0

 
 

Service Tax

     
 

Adjustment for change in reserve for unexpired risks

     
 

Gross Earned Premium

     
 

Add: Premium on reinsurance accepted

14800 223

44354 059

15537 689

41359 029

 
 

Less : Premium on reinsurance ceded

416 586

416 586

 0

 0

 
 

Net Premium

14383 637

43937 473

15537 689

41359 029

 
 

Adjustment for change in reserve for unexpired risks

1424 028

2348 706

-1894 192

-3213 685

 
 

Premium Earned (Net)

15807 665

46286 179

13643 497

38145 344

 
       
       

(8)

Agriculture

     
 

Premium from direct business written

 0

 0

 0

 0

 
 

Service Tax

     
 

Adjustment for change in reserve for unexpired risks

     
 

Gross Earned Premium

     
 

Add: Premium on reinsurance accepted

31028 284

148355 611

15725 623

128691 817

 
 

Less : Premium on reinsurance ceded

11793 235

14912 297

748 318

6517 448

 
 

Net Premium

19235 049

133443 311

14977 305

122174 369

 
 

Adjustment for change in reserve for unexpired risks

-14424 117

-1307 197

-9785 440

2186 464

 
 

Premium Earned (Net)

4810 932

132136 114

5191 865

124360 833

 
       
       

(9)

Oth. Misc.

     
 

Premium from direct business written

 0

 0

 0

 0

 
 

Service Tax

     
 

Adjustment for change in reserve for unexpired risks

     
 

Gross Earned Premium

     
 

Add: Premium on reinsurance accepted

989 712

6313 652

478 086

6606 364

 
 

Less : Premium on reinsurance ceded

433 959

1033 215

451 246

1037 239

 
 

Net Premium

555 753

5280 437

26 840

5569 125

 
 

Adjustment for change in reserve for unexpired risks

-243 114

148 378

767 168

1056 722

 
 

Premium Earned (Net)

312 639

5428 815

794 008

6625 847

 
       
       

(10)

FL/Credit

     
 

Premium from direct business written

 0

 0

 0

 0

 
 

Service Tax

     
 

Adjustment for change in reserve for unexpired risks

     
 

Gross Earned Premium

     
 

Add: Premium on reinsurance accepted

679 170

2546 875

883 624

2414 083

 
 

Less : Premium on reinsurance ceded

 0

3 692

 0

58 497

 
 

Net Premium

679 170

2543 183

883 624

2355 586

 
 

Adjustment for change in reserve for unexpired risks

101 437

-94 838

-468 895

-659 726

 
 

Premium Earned (Net)

780 607

2448 345

414 729

1695 860

 
       
       
 

TOTAL  MISCELLANEOUS

     
 

Premium from direct business written

 0

 0

 0

 0

 
 

Service Tax

     
 

Adjustment for change in reserve for unexpired risks

     
 

Gross Earned Premium

     
 

Add: Premium on reinsurance accepted

82896 244

306668 351

61472 159

269005 869

 
 

Less : Premium on reinsurance ceded

14147 551

20099 327

2378 508

11411 541

 
 

Net Premium

68748 693

286569 021

59093 651

257594 328

 
 

Adjustment for change in reserve for unexpired risks

-15694 654

-7574 230

-11295 198

-3746 274

 
 

Premium Earned (Net)

53054 039

278994 791

47798 453

253848 054

 
       
       

C

MARINE INSURANCE

     

(1)

MARINE CARGO

     
 

Premium from direct business written

 0

 0

 0

 0

 
 

Service Tax

     
 

Adjustment for change in reserve for unexpired risks

     
 

Gross Earned Premium

     
 

Add: Premium on reinsurance accepted

2525 040

7491 049

2113 318

5252 755

 
 

Less : Premium on reinsurance ceded

256 568

729 267

265 997

769 246

 
 

Net Premium

2268 472

6761 782

1847 321

4483 509

 
 

Adjustment for change in reserve for unexpired risks

-227 758

-1154 857

-740 564

-929 742

 
 

Premium Earned (Net)

2040 714

5606 925

1106 757

3553 767

 
       
       

(2)

MARINE HULL

     
 

Premium from direct business written

 0

 0

 0

 0

 
 

Service Tax

     
 

Adjustment for change in reserve for unexpired risks

     
 

Gross Earned Premium

     
 

Add: Premium on reinsurance accepted

1966 118

6958 783

3575 627

7274 868

 
 

Less : Premium on reinsurance ceded

291 079

1767 133

248 136

1817 324

 
 

Net Premium

1675 039

5191 650

3327 491

5457 544

 
 

Adjustment for change in reserve for unexpired risks

1612 884

206 478

-1832 185

-490 786

 
 

Premium Earned (Net)

3287 923

5398 128

1495 306

4966 758

 
       
       
 

TOTAL MARINE

     
 

Premium from direct business written

 0

 0

 0

 0

 
 

Service Tax

     
 

Adjustment for change in reserve for unexpired risks

     
 

Gross Earned Premium

     
 

Add: Premium on reinsurance accepted

4491 158

14449 832

5688 945

12527 623

 
 

Less : Premium on reinsurance ceded

547 647

2496 400

514 133

2586 570

 
 

Net Premium

3943 511

11953 432

5174 812

9941 053

 
 

Adjustment for change in reserve for unexpired risks

1385 126

-948 379

-2572 749

-1420 528

 
 

Premium Earned (Net)

5328 637

11005 053

2602 063

8520 525

 
       
       

D

LIFE INSURANCE

     
 

Premium from direct business written

 0

 0

 0

 0

 
 

Service Tax

     
 

Adjustment for change in reserve for unexpired risks

     
 

Gross Earned Premium

     
 

Add: Premium on reinsurance accepted

1769 567

6857 682

1313 785

4110 952

 
 

Less : Premium on reinsurance ceded

117 694

446 871

40 046

206 681

 
 

Net Premium

1651 873

6410 811

1273 739

3904 271

 
 

Adjustment for change in reserve for unexpired risks

449 675

-920 364

156 400

-224 710

 
 

Premium Earned (Net)

2101 548

5490 447

1430 139

3679 561

 
       
       

E

TOTAL ALL CLASSES

     
 

Premium from direct business written

 0

 0

 0

 0

 
 

Service Tax

     
 

Adjustment for change in reserve for unexpired risks

     
 

Gross Earned Premium

     
 

Add: Premium on reinsurance accepted

115399 600

418122 884

90312 468

361486 497

 
 

Less : Premium on reinsurance ceded

17671 950

35967 676

9233 448

29274 608

 
 

Net Premium

97727 650

382155 205

81079 020

332211 889

 
 

Adjustment for change in reserve for unexpired risks

-19442 894

-17388 601

-10784 438

-5983 911

 
 

Premium Earned (Net)

78284 756

364766 604

70294 582

326227 978

 
   

- 5

 

 0