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TABLE IB: AVAILABLE SOLVENCY MARGIN AND SOLVENCY RATIO AS AT 31 MARCH  2020

   

General Insurance Corporation of India

   

Registration Number:  112

    

Date of Registration: 02-04-2001

    

Classification: Total Business

(Rs. in Lacs)

    

Item

Description

Notes No.

Amount

    

(1)

(2)

(3)

(3)

    

A

Policy-holder's Funds

      
 

Available Assets (as per IRDAI-GI-TA)

 

82097 57.86

    
 

Deduct:

      

B

Current liabilities as per BS

 

57331 70.66

    

C

Provision as per BS

 

16827 18.44

    

D

Other Liabilities

 

4523 01.99

    

E

Excess in Policyholders’ Funds (A-B-C-D)

 

341566.76

    
 

Shareholder's Funds

      

F

Available Assets

 

18487 25.71

    
 

Deduct:

      

G

Other Liabilities

 

694 91.02

    

H

Excess in Shareholders’ Funds (F-G)

 

17792 34.69

    

I

Total Available Solvency Margin [ASM]   (E+H)

 

21208 01.46

    

J

Total Required Solvency Margin  [RSM]#

 

13885 31.17

    

K

Solvency Ratio (Total ASM/Total RSM)

 

1.53

    

* Though Policyholder's fund is in minus,GIC Re has sufficient shareholder's funds to support and meet the liabilities,if required.

    
    

# The above table includes the RSM for Life Re Rs.987,12.55 lakhs