FORM NL-7-OPERATING EXPENSES SCHEDULE

 

Name of the Insurer:  GENERAL INSURANCE CORPORATION OF INDIA   

 

OPERATING EXPENSES RELATED TO INSURANCE BUSINESS

(` '000)

 
 

PARTICUALRS

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

Employees’ remuneration & welfare benefits

-2 820

1558 509

338 316

893 155

 

2

Travel, conveyance and vehicle running expenses

18 462

51 055

23 775

53 997

 

3

Training expenses

4 734

10 168

7 174

12 190

 

4

Rents, rates & taxes

17 393

49 299

16 148

48 167

 

5

Repairs

57 448

165 344

60 227

164 824

 

6

Printing & stationery

 849

2 001

1 418

2 468

 

7

Communication

3 050

9 566

4 373

11 736

 

8

Legal & professional charges

26 638

58 597

22 352

55 847

 

9

Auditors' fees, expenses etc

 0

 

 0

  
 

(a) as auditor

3 108

10 970

1 234

5 094

 
 

(b) as adviser or in any other capacity, in respect of

     
 

(i) Taxation matters

 0

 0

 0

 0

 
 

(ii) Insurance matters

     
 

(iii) Management services; and

     
 

(c)   in any other capacity

 1

 17

 0

 0

 

10

Advertisement and publicity

15 342

57 244

60 221

90 338

 

11

Interest & Bank Charges

177 890

195 137

144 347

161 194

 

12

IT Expenses

39 074

146 462

19 547

142 774

 

13

Depreciation

34 166

140 351

36 970

93 607

 

14

GST Expenses A/c

232 374

232 374

 0

 0

 

15

Swachh Bharat Cess

 0

 0

 0

 0

 

16

Others

-99 145

128 727

-24 835

154 506

 
 

TOTAL

528 564

2815 821

711 267

1889 897

 
   

 0

 

 0

 

Note: Items of expenses and income in excess of one percent of the total premiums (less reinsurance) or Rs.5,00,000 whichever is higher, shall be shown as a separate line item.