FORM NL-26 - CLAIMS INFORMATION - KG Table I

   

Insurer : General Insurance Corporation of India

   

Solvency for the period ended 31.03.2020

   

Required solvency margin based on net premium and net incurred claims

   
        

(Rs. in Lacs)

   

Item No.

Description

PREMIUM

CLAIM

RSM-1

RSM-2

RSM

   

Gross  Premium

Net  Premium

Gross incurred claim

Net incurred Claim

   
   

1

Fire

12026 96.67

10237 76.10

8760 69.36

8111 16.15

2047 55.22

2433 34.85

2433 34.85

   

2

Misc - Motor

9440 00.56

9440 00.56

7561 62.82

7561 62.84

1888 00.11

2268 48.85

2268 48.85

   

3

Misc - Aviation

1566 54.19

1208 88.59

1476 28.43

1201 63.00

241 77.72

360 48.90

360 48.90

   

4

Misc - Engg

1223 78.20

1096 63.00

877 99.07

926 60.02

219 32.60

277 98.01

277 98.01

   

5

Misc - W.C.

20 36.75

20 36.31

33 84.72

33 84.72

4 07.26

10 15.42

10 15.42

   

6

Misc - Liability

734 33.80

686 09.70

419 24.09

413 91.76

137 21.94

124 17.53

137 21.94

   

7

Misc - P.A.

799 20.50

798 96.40

558 50.96

558 49.35

159 79.28

167 54.80

167 54.80

   

8

Misc - Health

5588 50.31

5546 84.45

5505 94.22

5486 55.42

1109 36.89

1645 96.63

1645 96.63

   

9

Misc - Agriculture

15470 06.93

13980 42.66

16655 90.73

16597 36.05

2796 08.53

4979 20.81

4979 20.81

   

10

Misc - Oth. Misc.

804 81.47

666 55.85

280 85.78

261 28.87

133 31.17

78 38.66

133 31.17

   

11

Misc - FL/Cr.

290 67.19

290 30.28

297 66.55

301 82.68

58 06.06

90 54.81

90 54.81

   

12

Marine - Cargo

1130 31.07

1022 47.13

627 07.43

511 76.15

204 49.43

153 52.85

204 49.43

   

13

Marine - Hull

978 98.68

758 79.17

679 45.87

631 43.42

151 75.83

189 43.03

189 43.03

   

14

Life

 0.00

 0.00

 0.00

 0.00

 0.00

 0.00

987 12.55

   
 

Total

50074 56.33

45754 10.19

43735 10.05

42597 50.44

9150 82.04

12779 25.13

13885 31.18

   
 

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 31.03.2019

   

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

1031254.56

804714.06

987547.01

829428.03

160942.81

248828.41

248828.41

   

2

Misc - Motor

834967.77

834967.14

706638.52

706638.51

166993.43

211991.55

211991.55

   

3

Misc - Aviation

113665.15

90320.37

139040.83

90783.05

18064.07

27234.92

27234.92

   

4

Misc - Engg

102720.72

87403.49

52623.02

56940.89

17480.70

17082.27

17480.70

   

5

Misc - W.C.

4891.91

4891.19

2822.64

2822.64

978.24

846.79

978.24

   

6

Misc - Liability

63909.75

46394.74

26886.51

26569.58

9586.46

7970.87

9586.46

   

7

Misc - P.A.

72390.68

72344.38

49490.15

49490.15

14468.88

14847.04

14847.04

   

8

Misc - Health

514724.47

511634.19

412968.01

412007.44

102326.84

123602.23

123602.23

   

9

Misc - Agriculture

1328911.87

1141792.94

1035437.77

1026504.72

228358.59

307951.42

307951.42

   

10

Misc - Oth. Misc.

92036.31

80580.13

32687.25

25910.78

16116.03

7773.23

16116.03

   

11

Misc - FL/Cr.

32634.46

32049.49

23139.74

22281.39

6409.90

6684.42

6684.42

   

12

Marine - Cargo

74494.65

61817.99

33227.33

30862.90

12363.60

9258.87

12363.60

   

13

Marine - Hull

102787.04

80161.66

54053.72

51107.84

16032.33

15332.35

16032.33

   

14

Life

0.00

0.00

0.00

0.00

0.00

0.00

77334.74

   
 

Total

43693 89.35

38490 71.78

35565 62.48

33313 47.91

7701 21.87

9994 04.37

10910 32.08

   
 

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