FORM NL-3-B-BS
Name of the Insurer:  GENERAL INSURANCE CORPORATION OF INDIA   
Registration No.  112
Date of  Registration with the IRDAI : 2nd April, 2001
BALANCE SHEET  AS AT 31 MARCH 2020

( Rs. IN 000)

PARTICULARS SCHEDULE As at 31.03.2020 As at 31.03.2019

SOURCES OF FUNDS



SHARE CAPITAL                                                               NL-8-Share Capital Schedule 8772 000 8772 000

SHARE APPLICATION MONEY PENDING ALLOTMENT



RESERVES AND SURPLUS NL-10-Reserves and Surplus Schedule 210457 631 224838 561

Deferred Tax Liability
0 0

FAIR VALUE CHANGE ACCOUNT



Shareholders fund
32756 864 84079 838

Policyholders fund
116207 292 220226 487

BORROWINGS NL-11-Borrowings Schedule 0 0

TOTAL
368193 787 537916 886

APPLICATION OF FUNDS



INVESTMENTS- Shareholders NL-12-Investment Schedule 157037 787 225377 444

INVESTMENTS- Policyholders NL-12-Investment Schedule 528220 442 570751 970

LOANS NL-13-Loans Schedule 2347 397 2579 189

FIXED ASSETS NL-14-Fixed Assets Schedule 1808 060 1966 904

DEFERRED TAX ASSET
207 856 25 562

CURRENT ASSETS



Cash and Bank Balances NL-15-Cash and bank balance Schedule 158537 841 128479 085

Advances and Other Assets NL-16-Advancxes and Other Assets Schedule 313802 615 259655 507

Sub-Total (A)
472340 456 388134 592

CURRENT LIABILITIES NL-17-Current Liabilities Schedule 619127 147 508023 836

PROVISIONS NL-18-Provisions Schedule 174641 064 142894 939

DEFERRED TAX LIABILITY



Sub-Total (B)
793768 211 650918 775

NET CURRENT ASSETS (C) = (A - B)
-321427 755 -262784 183

MISCELLANEOUS EXPENDITURE (to the extent not written off or adjusted) NL-19-Miscellaneous Expenditure Schedule


DEBIT BALANCE IN PROFIT AND LOSS ACCOUNT



TOTAL
368193 787 537916 886










CONTINGENT LIABILITIES

Particulars
As at 31.03.2020 As at 31.03.2019



(Rs.’000) (Rs.’000)
1 Partly paid-up investments


2 Claims, other than against policies, not acknowledged as debts by the company
6186.114 11000
3 Underwriting commitments outstanding (in respect of shares and securities)


4 Guarantees given by or on behalf of the Company
33439903.0098905 27239159.5581028
5 Statutory demands/ liabilities in dispute, not provided for
113643530.62583 29930035.5645163
6 Reinsurance obligations to the extent not provided for in accounts


7 Others (to be specified) SEBI
1,085.60 126864

TOTAL
147090 705 57307 059