FORM NL-5 - CLAIMS SCHEDULE

 

Name of the Insurer:  GENERAL INSURANCE CORPORATION OF INDIA   

 

CLAIMS INCURRED [NET]

 

FOR THE PERIOD ENDED 31.12.2019

 
     

(` '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

 

A

FIRE INSURANCE

     
 

Claims paid

     
 

Direct claims

     
 

Add Claims Outstanding at the end of the year

     
 

Less Claims Outstanding at the beginning of the year

     
 

Gross Incurred Claims

     
 

Add   :Re-insurance accepted to direct claims

21945 063

55956 886

14979 523

46718 182

 
 

Less :Re-insurance Ceded to claims paid

430 353

5603 922

2214 833

5593 755

 
 

Net Claims Paid

21514 710

50352 964

12764 690

41124 427

 
 

Add : Claims Outstanding at the end of the year

184 934

142032 168

5891 107

123764 055

 
 

Less: Claims Outstanding at the beginning of the year

 0

124265 299

 0

103462 459

 
 

Total Claims Incurred

21699 644

68119 833

18655 797

61426 023

 

Notes:

 

a)      Incurred But Not Reported (IBNR), Incurred but not enough reported [IBNER] claims should be included in the amount for outstanding claims.

 

b)      Claims includes specific claims settlement cost but not expenses of management

 

c)       The surveyor fees, legal and other expenses shall also form part of claims cost.

 

d)      Claims cost should be adjusted for estimated salvage value if there is a sufficient certainty of its realisation.

 
       
       

B

MISCELLANEOUS INSURANCE

     

(1)

MOTOR

     
 

Claims paid

     
 

Direct claims

     
 

Add Claims Outstanding at the end of the year

     
 

Less Claims Outstanding at the beginning of the year

     
 

Gross Incurred Claims

     
 

Add   :Re-insurance accepted to direct claims

14208 821

39690 401

11989 459

40348 495

 
 

Less :Re-insurance Ceded to claims paid

 0

 0

 0

 0

 
 

Net Claims Paid

14208 821

39690 401

11989 459

40348 495

 
 

Add : Claims Outstanding at the end of the year

6777 046

140739 676

5094 181

111943 993

 
 

Less: Claims Outstanding at the beginning of the year

 0

119087 988

 0

95213 892

 
 

Total Claims Incurred

20985 867

61342 089

17083 640

57078 596

 
       
       

(2)

AVIATION

     
 

Claims paid

     
 

Direct claims

5 750

5 750

 0

 0

 
 

Add Claims Outstanding at the end of the year

     
 

Less Claims Outstanding at the beginning of the year

     
 

Gross Incurred Claims

     
 

Add   :Re-insurance accepted to direct claims

1549 387

6830 021

5112 465

8842 976

 
 

Less :Re-insurance Ceded to claims paid

346 282

1377 991

2325 272

2696 554

 
 

Net Claims Paid

1208 855

5457 780

2787 193

6146 422

 
 

Add : Claims Outstanding at the end of the year

1910 626

14218 499

-488 288

12410 576

 
 

Less: Claims Outstanding at the beginning of the year

 0

11137 632

 0

9960 585

 
 

Total Claims Incurred

3119 481

8538 647

2298 905

8596 413

 
       
       

(3)

ENGINEERING

     
 

Claims paid

     
 

Direct claims

     
 

Add Claims Outstanding at the end of the year

     
 

Less Claims Outstanding at the beginning of the year

     
 

Gross Incurred Claims

     
 

Add   :Re-insurance accepted to direct claims

1093 630

3645 912

761 952

3513 750

 
 

Less :Re-insurance Ceded to claims paid

11 318

86 324

 400

27 138

 
 

Net Claims Paid

1082 312

3559 588

761 552

3486 612

 
 

Add : Claims Outstanding at the end of the year

426 679

21158 557

643 514

19367 654

 
 

Less: Claims Outstanding at the beginning of the year

 0

17733 208

 0

16934 540

 
 

Total Claims Incurred

1508 991

6984 937

1405 066

5919 726

 
       
       

(4)

WC

     
 

Claims paid

     
 

Direct claims

     
 

Add Claims Outstanding at the end of the year

     
 

Less Claims Outstanding at the beginning of the year

     
 

Gross Incurred Claims

     
 

Add   :Re-insurance accepted to direct claims

31 290

102 655

30 130

125 517

 
 

Less :Re-insurance Ceded to claims paid

 0

 0

 0

 0

 
 

Net Claims Paid

31 290

102 655

30 130

125 517

 
 

Add : Claims Outstanding at the end of the year

25 700

788 417

96 360

966 014

 
 

Less: Claims Outstanding at the beginning of the year

 0

655 257

 0

548 011

 
 

Total Claims Incurred

56 990

235 815

126 490

543 520

 
       
       

(5)

Liability

     
 

Claims paid

     
 

Direct claims

     
 

Add Claims Outstanding at the end of the year

     
 

Less Claims Outstanding at the beginning of the year

     
 

Gross Incurred Claims

     
 

Add   :Re-insurance accepted to direct claims

222 307

651 525

133 895

290 296

 
 

Less :Re-insurance Ceded to claims paid

 302

8 644

 0

 397

 
 

Net Claims Paid

222 005

642 881

133 895

289 899

 
 

Add : Claims Outstanding at the end of the year

612 530

6969 867

499 051

3879 646

 
 

Less: Claims Outstanding at the beginning of the year

 0

4769 475

 0

2592 049

 
 

Total Claims Incurred

834 535

2843 273

632 946

1577 496

 
       
       

(6)

PA

     
 

Claims paid

     
 

Direct claims

     
 

Add Claims Outstanding at the end of the year

     
 

Less Claims Outstanding at the beginning of the year

     
 

Gross Incurred Claims

     
 

Add   :Re-insurance accepted to direct claims

1290 943

3012 309

445 299

1886 965

 
 

Less :Re-insurance Ceded to claims paid

 161

 161

 0

 0

 
 

Net Claims Paid

1290 782

3012 148

445 299

1886 965

 
 

Add : Claims Outstanding at the end of the year

-38 071

7100 341

269 865

5613 381

 
 

Less: Claims Outstanding at the beginning of the year

 0

5945 650

 0

3780 066

 
 

Total Claims Incurred

1252 711

4166 839

715 164

3720 280

 
       
       

(7)

Health

     
 

Claims paid

     
 

Direct claims

     
 

Add Claims Outstanding at the end of the year

     
 

Less Claims Outstanding at the beginning of the year

     
 

Gross Incurred Claims

     
 

Add   :Re-insurance accepted to direct claims

11905 858

29694 487

8230 886

26372 909

 
 

Less :Re-insurance Ceded to claims paid

193 880

193 880

 57

 57

 
 

Net Claims Paid

11711 978

29500 607

8230 829

26372 852

 
 

Add : Claims Outstanding at the end of the year

2616 648

36479 485

3922 555

23575 604

 
 

Less: Claims Outstanding at the beginning of the year

 0

20178 545

 0

16622 962

 
 

Total Claims Incurred

14328 626

45801 547

12153 384

33325 494

 
       
       

(8)

Agriculture

     
 

Claims paid

     
 

Direct claims

     
 

Add Claims Outstanding at the end of the year

     
 

Less Claims Outstanding at the beginning of the year

     
 

Gross Incurred Claims

     
 

Add   :Re-insurance accepted to direct claims

30290 713

86465 142

23706 311

93352 730

 
 

Less :Re-insurance Ceded to claims paid

26 819

277 403

 1

50 075

 
 

Net Claims Paid

30263 894

86187 739

23706 310

93302 655

 
 

Add : Claims Outstanding at the end of the year

-13980 784

170552 994

-21918 244

145092 000

 
 

Less: Claims Outstanding at the beginning of the year

 0

112451 396

 0

125329 521

 
 

Total Claims Incurred

16283 110

144289 337

1788 066

113065 134

 
       
       

(9)

Oth. Misc.

     
 

Claims paid

     
 

Direct claims

     
 

Add Claims Outstanding at the end of the year

     
 

Less Claims Outstanding at the beginning of the year

     
 

Gross Incurred Claims

     
 

Add   :Re-insurance accepted to direct claims

751 285

2752 867

907 803

2679 067

 
 

Less :Re-insurance Ceded to claims paid

20 315

632 267

11 102

151 889

 
 

Net Claims Paid

730 970

2120 600

896 701

2527 178

 
 

Add : Claims Outstanding at the end of the year

-1893 439

8974 535

-847 395

10337 686

 
 

Less: Claims Outstanding at the beginning of the year

 0

8811 750

 0

10968 056

 
 

Total Claims Incurred

-1162 469

2283 385

49 306

1896 808

 
       
       

(10)

FL/Credit

     
 

Claims paid

     
 

Direct claims

     
 

Add Claims Outstanding at the end of the year

     
 

Less Claims Outstanding at the beginning of the year

     
 

Gross Incurred Claims

     
 

Add   :Re-insurance accepted to direct claims

294 842

1177 848

-50 850

508 796

 
 

Less :Re-insurance Ceded to claims paid

 0

16 407

 0

135 243

 
 

Net Claims Paid

294 842

1161 441

-50 850

373 553

 
 

Add : Claims Outstanding at the end of the year

-118 401

9251 890

-199 397

8572 985

 
 

Less: Claims Outstanding at the beginning of the year

 0

8183 734

 0

6696 150

 
 

Total Claims Incurred

176 441

2229 597

-250 247

2250 388

 
       
       
 

TOTAL  MISCELLANEOUS

     
 

Claims paid

     
 

Direct claims

5 750

5 750

 0

 0

 
 

Add Claims Outstanding at the end of the year

     
 

Less Claims Outstanding at the beginning of the year

     
 

Gross Incurred Claims

     
 

Add   :Re-insurance accepted to direct claims

61639 076

174023 167

51267 350

177921 501

 
 

Less :Re-insurance Ceded to claims paid

599 077

2593 077

2336 832

3061 353

 
 

Net Claims Paid

61045 749

171435 840

48930 518

174860 148

 
 

Add : Claims Outstanding at the end of the year

-3661 466

416234 261

-12927 798

341759 539

 
 

Less: Claims Outstanding at the beginning of the year

 0

308954 635

 0

288645 832

 
 

Total Claims Incurred

57384 283

278715 466

36002 720

227973 855

 
       
       

C

MARINE INSURANCE

     

(1)

MARINE CARGO

     
 

Claims paid

     
 

Direct claims

     
 

Add Claims Outstanding at the end of the year

     
 

Less Claims Outstanding at the beginning of the year

     
 

Gross Incurred Claims

     
 

Add   :Re-insurance accepted to direct claims

1272 586

3280 599

762 604

2101 254

 
 

Less :Re-insurance Ceded to claims paid

60 293

226 066

13 230

120 947

 
 

Net Claims Paid

1212 293

3054 533

749 374

1980 307

 
 

Add : Claims Outstanding at the end of the year

79 802

7273 101

-192 162

6775 337

 
 

Less: Claims Outstanding at the beginning of the year

 0

6124 215

 0

5899 312

 
 

Total Claims Incurred

1292 095

4203 419

557 212

2856 332

 
       
       

(2)

MARINE HULL

     
 

Claims paid

     
 

Direct claims

     
 

Add Claims Outstanding at the end of the year

     
 

Less Claims Outstanding at the beginning of the year

     
 

Gross Incurred Claims

     
 

Add   :Re-insurance accepted to direct claims

2046 810

4371 728

1351 176

4872 056

 
 

Less :Re-insurance Ceded to claims paid

39 393

925 480

7 639

1734 859

 
 

Net Claims Paid

2007 417

3446 248

1343 537

3137 197

 
 

Add : Claims Outstanding at the end of the year

890 908

13743 428

43 107

10821 298

 
 

Less: Claims Outstanding at the beginning of the year

 0

11730 451

 0

10601 263

 
 

Total Claims Incurred

2898 325

5459 225

1386 644

3357 232

 
       
       
 

TOTAL MARINE

     
 

Claims paid

     
 

Direct claims

     
 

Add Claims Outstanding at the end of the year

     
 

Less Claims Outstanding at the beginning of the year

     
 

Gross Incurred Claims

     
 

Add   :Re-insurance accepted to direct claims

3319 396

7652 327

2113 780

6973 310

 
 

Less :Re-insurance Ceded to claims paid

99 686

1151 546

20 869

1855 806

 
 

Net Claims Paid

3219 710

6500 781

2092 911

5117 504

 
 

Add : Claims Outstanding at the end of the year

970 710

21016 529

-149 055

17596 635

 
 

Less: Claims Outstanding at the beginning of the year

 0

17854 666

 0

16500 575

 
 

Total Claims Incurred

4190 420

9662 644

1943 856

6213 564

 
       
       

D

LIFE INSURANCE

     
 

Claims paid

     
 

Direct claims

     
 

Add Claims Outstanding at the end of the year

     
 

Less Claims Outstanding at the beginning of the year

     
 

Gross Incurred Claims

     
 

Add   :Re-insurance accepted to direct claims

1612 006

4778 956

1225 007

3638 645

 
 

Less :Re-insurance Ceded to claims paid

71 461

454 752

27 232

204 684

 
 

Net Claims Paid

1540 545

4324 204

1197 775

3433 961

 
 

Add : Claims Outstanding at the end of the year

51 768

4904 952

456 003

3664 711

 
 

Less: Claims Outstanding at the beginning of the year

 0

4242 699

 0

3145 809

 
 

Total Claims Incurred

1592 313

4986 457

1653 778

3952 863

 
       
       

E

TOTAL ALL CLASSES

     
 

Claims paid

     
 

Direct claims

5 750

5 750

 0

 0

 
 

Add Claims Outstanding at the end of the year

     
 

Less Claims Outstanding at the beginning of the year

     
 

Gross Incurred Claims

     
 

Add   :Re-insurance accepted to direct claims

88515 541

242411 336

69585 660

235251 638

 
 

Less :Re-insurance Ceded to claims paid

1200 577

9803 297

4599 766

10715 598

 
 

Net Claims Paid

87320 714

232613 789

64985 894

224536 040

 
 

Add : Claims Outstanding at the end of the year

-2454 054

584187 910

-6729 743

486784 940

 
 

Less: Claims Outstanding at the beginning of the year

 0

455317 299

 0

411754 675

 
 

Total Claims Incurred

84866 660

361484 400

58256 151

299566 305

 
   

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