FORM NL-31: Related Party Transactions

 

Insurer:

General Insurance Corporation of India

 

 

  

Date: 31.03.2020

 

 

 

 

 

 

 

 

 

 

                                                                                                                                                                                                                                            (Rs in Thousand)

 

Sl.No.

Name of the Related Party

Nature of Relationship with the Company

Description of Transactions / Categories 

Consideration paid / received*

 

For the quarter 31.03.2020

Up to the Quarter 31.03.2020

Corresponding quarter of the preceding year 31.03.2019

Up to the Quarter of the preceding year 31.03.2019

 

1

India International Pte LTD.

Associate Company

Net Premiun - Net commission - Net Claims

99,947.39

104,700.91

30,753.31

-113,161.11

 

2

GIC RE South Africa Ltd.

Subsidiary Company

Net Premiun - Net commission - Net Claims

-763,357.84

-1,061,553.00

-465,770.18

-1,417,200.09

 

3

GIC-Bhutan RE Ltd.

Associate Company

Net Premiun - Net commission - Net Claims

44,276.30

62,845.75

9,323.96

12,625.80

 

4

Agricultural Insurance Company of India Ltd

Associate Company

Net Premiun - Net commission - Net Claims

-14,533,740.73

6,066,503.71

-8,402,929.13

-8,858,875.10

 

5

GIC RE INDIA CORPORATE MEMBER

Subsidiary Company

Net Premiun - Net commission - Net Claims

1,557,391.88

2,748,347.30

-829,846.09

-1,635,276.09

 
         

(-) indicates amount payable by GIC Re