FORM NL-5 - CLAIMS SCHEDULE

 

Name of the Insurer:  GENERAL INSURANCE CORPORATION OF INDIA   

 

CLAIMS INCURRED [NET]

 

FOR THE YEAR ENDED 31.03.2020

 
     

( Rs. IN 000)

 
 

PARTICULARS

For the  Three Months  ending 31.03.2020

For the Year ending 31.03.2020

For the  Three Months  ending 31.03.2019

For the Year ending 31.03.2019

 

A

FIRE INSURANCE

     
 

Claims paid

     
 

Direct claims

     
 

Add Claims Outstanding at the end of the year

     
 

Less Claims Outstanding at the beginning of the year

     
 

Gross Incurred Claims

     
 

Add   :Re-insurance accepted to direct claims

17568 928

73525 814

22558 220

69276 402

 
 

Less :Re-insurance Ceded to claims paid

2222 623

7826 545

1542 684

7136 439

 
 

Net Claims Paid

15346 305

65699 269

21015 536

62139 963

 
 

Add : Claims Outstanding at the end of the year

-2354 522

139677 646

501 244

124265 299

 
 

Less: Claims Outstanding at the beginning of the year

 0

124265 299

 0

103462 459

 
 

Total Claims Incurred

12991 783

81111 616

21516 780

82942 803

 
       
       

B

MISCELLANEOUS INSURANCE

     

(1)

MOTOR

     
 

Claims paid

     
 

Direct claims

     
 

Add Claims Outstanding at the end of the year

     
 

Less Claims Outstanding at the beginning of the year

     
 

Gross Incurred Claims

     
 

Add   :Re-insurance accepted to direct claims

11078 625

50769 026

6441 260

46789 755

 
 

Less :Re-insurance Ceded to claims paid

 0

 0

 0

 0

 
 

Net Claims Paid

11078 625

50769 026

6441 260

46789 755

 
 

Add : Claims Outstanding at the end of the year

3195 570

143935 246

7143 995

119087 988

 
 

Less: Claims Outstanding at the beginning of the year

 0

119087 988

 0

95213 892

 
 

Total Claims Incurred

14274 195

75616 284

13585 255

70663 851

 
       
       

(2)

AVIATION

     
 

Claims paid

     
 

Direct claims

 0

5 750

2 800

2 800

 
 

Add Claims Outstanding at the end of the year

     
 

Less Claims Outstanding at the beginning of the year

     
 

Gross Incurred Claims

     
 

Add   :Re-insurance accepted to direct claims

3388 818

10218 839

2268 812

11111 788

 
 

Less :Re-insurance Ceded to claims paid

687 976

2065 967

516 775

3213 329

 
 

Net Claims Paid

2700 842

8158 622

1754 837

7901 259

 
 

Add : Claims Outstanding at the end of the year

776 812

14995 311

-1272 945

11137 632

 
 

Less: Claims Outstanding at the beginning of the year

 0

11137 632

 0

9960 585

 
 

Total Claims Incurred

3477 654

12016 301

481 892

9078 306

 
       
       

(3)

ENGINEERING

     
 

Claims paid

     
 

Direct claims

     
 

Add Claims Outstanding at the end of the year

     
 

Less Claims Outstanding at the beginning of the year

     
 

Gross Incurred Claims

     
 

Add   :Re-insurance accepted to direct claims

1261 591

4907 503

1457 568

4971 318

 
 

Less :Re-insurance Ceded to claims paid

35 220

121 544

48 759

75 897

 
 

Net Claims Paid

1226 371

4785 959

1408 809

4895 421

 
 

Add : Claims Outstanding at the end of the year

1054 694

22213 251

-1634 446

17733 208

 
 

Less: Claims Outstanding at the beginning of the year

 0

17733 208

 0

16934 540

 
 

Total Claims Incurred

2281 065

9266 002

-225 637

5694 089

 
       
       

(4)

WC

     
 

Claims paid

     
 

Direct claims

     
 

Add Claims Outstanding at the end of the year

     
 

Less Claims Outstanding at the beginning of the year

     
 

Gross Incurred Claims

     
 

Add   :Re-insurance accepted to direct claims

78 697

181 352

49 502

175 019

 
 

Less :Re-insurance Ceded to claims paid

 0

 0

 0

 0

 
 

Net Claims Paid

78 697

181 352

49 502

175 019

 
 

Add : Claims Outstanding at the end of the year

23 960

812 377

-310 757

655 257

 
 

Less: Claims Outstanding at the beginning of the year

 0

655 257

 0

548 011

 
 

Total Claims Incurred

102 657

338 472

-261 255

282 265

 
       
       

(5)

Liability

     
 

Claims paid

     
 

Direct claims

     
 

Add Claims Outstanding at the end of the year

     
 

Less Claims Outstanding at the beginning of the year

     
 

Gross Incurred Claims

     
 

Add   :Re-insurance accepted to direct claims

229 717

881 242

192 238

482 534

 
 

Less :Re-insurance Ceded to claims paid

 200

8 844

2 606

3 003

 
 

Net Claims Paid

229 517

872 398

189 632

479 531

 
 

Add : Claims Outstanding at the end of the year

1066 386

8036 253

889 829

4769 475

 
 

Less: Claims Outstanding at the beginning of the year

 0

4769 475

 0

2592 049

 
 

Total Claims Incurred

1295 903

4139 176

1079 461

2656 957

 
       
       

(6)

PA

     
 

Claims paid

     
 

Direct claims

     
 

Add Claims Outstanding at the end of the year

     
 

Less Claims Outstanding at the beginning of the year

     
 

Gross Incurred Claims

     
 

Add   :Re-insurance accepted to direct claims

962 535

3974 844

896 465

2783 430

 
 

Less :Re-insurance Ceded to claims paid

 0

 161

 0

 0

 
 

Net Claims Paid

962 535

3974 683

896 465

2783 430

 
 

Add : Claims Outstanding at the end of the year

455 560

7555 901

332 269

5945 650

 
 

Less: Claims Outstanding at the beginning of the year

 0

5945 650

 0

3780 066

 
 

Total Claims Incurred

1418 095

5584 934

1228 734

4949 014

 
       
       

(7)

Health

     
 

Claims paid

     
 

Direct claims

     
 

Add Claims Outstanding at the end of the year

     
 

Less Claims Outstanding at the beginning of the year

     
 

Gross Incurred Claims

     
 

Add   :Re-insurance accepted to direct claims

10282 426

39976 913

11368 316

37741 225

 
 

Less :Re-insurance Ceded to claims paid

 0

193 880

96 007

96 064

 
 

Net Claims Paid

10282 426

39783 033

11272 309

37645 161

 
 

Add : Claims Outstanding at the end of the year

-1218 431

35261 054

-3397 059

20178 545

 
 

Less: Claims Outstanding at the beginning of the year

 0

20178 545

 0

16622 962

 
 

Total Claims Incurred

9063 995

54865 542

7875 250

41200 744

 
       
       

(8)

Agriculture

     
 

Claims paid

     
 

Direct claims

     
 

Add Claims Outstanding at the end of the year

     
 

Less Claims Outstanding at the beginning of the year

     
 

Gross Incurred Claims

     
 

Add   :Re-insurance accepted to direct claims

33043 042

119508 184

22214 831

115567 561

 
 

Less :Re-insurance Ceded to claims paid

155 420

432 823

-11 111

38 964

 
 

Net Claims Paid

32887 622

119075 361

22225 942

115528 597

 
 

Add : Claims Outstanding at the end of the year

-11203 355

159349 639

-32640 604

112451 396

 
 

Less: Claims Outstanding at the beginning of the year

 0

112451 396

 0

125329 521

 
 

Total Claims Incurred

21684 267

165973 604

-10414 662

102650 472

 
       
       

(9)

Oth. Misc.

     
 

Claims paid

     
 

Direct claims

     
 

Add Claims Outstanding at the end of the year

     
 

Less Claims Outstanding at the beginning of the year

     
 

Gross Incurred Claims

     
 

Add   :Re-insurance accepted to direct claims

1083 998

3836 865

702 389

3381 456

 
 

Less :Re-insurance Ceded to claims paid

173 905

806 172

82 716

234 605

 
 

Net Claims Paid

910 093

3030 693

619 673

3146 851

 
 

Add : Claims Outstanding at the end of the year

-3662 625

5311 910

-1525 936

8811 750

 
 

Less: Claims Outstanding at the beginning of the year

 0

8811 750

 0

10968 057

 
 

Total Claims Incurred

-2752 532

-469 147

-906 263

990 544

 
       
       

(10)

FL/Credit

     
 

Claims paid

     
 

Direct claims

     
 

Add Claims Outstanding at the end of the year

     
 

Less Claims Outstanding at the beginning of the year

     
 

Gross Incurred Claims

     
 

Add   :Re-insurance accepted to direct claims

132 200

1310 048

290 912

799 708

 
 

Less :Re-insurance Ceded to claims paid

 0

16 407

 0

135 243

 
 

Net Claims Paid

132 200

1293 641

290 912

664 465

 
 

Add : Claims Outstanding at the end of the year

179 733

9431 623

-389 251

8183 734

 
 

Less: Claims Outstanding at the beginning of the year

 0

8183 734

 0

6696 150

 
 

Total Claims Incurred

311 933

2541 530

-98 339

2152 049

 
       
       
 

TOTAL  MISCELLANEOUS

     
 

Claims paid

     
 

Direct claims

 0

5 750

2 800

2 800

 
 

Add Claims Outstanding at the end of the year

     
 

Less Claims Outstanding at the beginning of the year

     
 

Gross Incurred Claims

     
 

Add   :Re-insurance accepted to direct claims

61541 649

235564 816

45882 293

223803 794

 
 

Less :Re-insurance Ceded to claims paid

1052 721

3645 798

735 752

3797 105

 
 

Net Claims Paid

60488 928

231924 768

45149 341

220009 489

 
 

Add : Claims Outstanding at the end of the year

-9331 696

406902 565

-32804 904

308954 635

 
 

Less: Claims Outstanding at the beginning of the year

 0

308954 635

 0

288645 833

 
 

Total Claims Incurred

51157 232

329872 698

12344 437

240318 291

 
       
       

C

MARINE INSURANCE

     

(1)

MARINE CARGO

     
 

Claims paid

     
 

Direct claims

     
 

Add Claims Outstanding at the end of the year

     
 

Less Claims Outstanding at the beginning of the year

     
 

Gross Incurred Claims

     
 

Add   :Re-insurance accepted to direct claims

1937 976

5218 575

993 908

3095 162

 
 

Less :Re-insurance Ceded to claims paid

567 664

793 730

112 827

233 774

 
 

Net Claims Paid

1370 312

4424 845

881 081

2861 388

 
 

Add : Claims Outstanding at the end of the year

-456 116

6816 985

-651 123

6124 214

 
 

Less: Claims Outstanding at the beginning of the year

- 1

6124 214

 0

5899 312

 
 

Total Claims Incurred

914 197

5117 616

229 958

3086 290

 
       
       

(2)

MARINE HULL

     
 

Claims paid

     
 

Direct claims

     
 

Add Claims Outstanding at the end of the year

     
 

Less Claims Outstanding at the beginning of the year

     
 

Gross Incurred Claims

     
 

Add   :Re-insurance accepted to direct claims

776 546

5148 274

1093 865

5965 921

 
 

Less :Re-insurance Ceded to claims paid

368 429

1293 909

249 466

1984 325

 
 

Net Claims Paid

408 117

3854 365

844 399

3981 596

 
 

Add : Claims Outstanding at the end of the year

446 999

14190 427

909 153

11730 451

 
 

Less: Claims Outstanding at the beginning of the year

 0

11730 451

 0

10601 263

 
 

Total Claims Incurred

855 116

6314 341

1753 552

5110 784

 
       
       
 

TOTAL MARINE

     
 

Claims paid

     
 

Direct claims

     
 

Add Claims Outstanding at the end of the year

     
 

Less Claims Outstanding at the beginning of the year

     
 

Gross Incurred Claims

     
 

Add   :Re-insurance accepted to direct claims

2714 522

10366 849

2087 773

9061 083

 
 

Less :Re-insurance Ceded to claims paid

936 093

2087 639

362 293

2218 099

 
 

Net Claims Paid

1778 429

8279 210

1725 480

6842 984

 
 

Add : Claims Outstanding at the end of the year

-9 117

21007 412

258 030

17854 665

 
 

Less: Claims Outstanding at the beginning of the year

- 1

17854 665

 0

16500 575

 
 

Total Claims Incurred

1769 313

11431 957

1983 510

8197 074

 
       
       

D

LIFE INSURANCE

     
 

Claims paid

     
 

Direct claims

     
 

Add Claims Outstanding at the end of the year

     
 

Less Claims Outstanding at the beginning of the year

     
 

Gross Incurred Claims

     
 

Add   :Re-insurance accepted to direct claims

2222 896

7001 852

1519 692

5158 337

 
 

Less :Re-insurance Ceded to claims paid

91 533

546 285

109 255

313 939

 
 

Net Claims Paid

2131 363

6455 567

1410 437

4844 398

 
 

Add : Claims Outstanding at the end of the year

824 490

5729 441

577 988

4242 699

 
 

Less: Claims Outstanding at the beginning of the year

 0

4242 700

 0

3145 809

 
 

Total Claims Incurred

2955 853

7942 308

1988 425

5941 288

 
       
       

E

TOTAL ALL CLASSES

     
 

Claims paid

     
 

Direct claims

 0

5 750

2 800

2 800

 
 

Add Claims Outstanding at the end of the year

     
 

Less Claims Outstanding at the beginning of the year

     
 

Gross Incurred Claims

     
 

Add   :Re-insurance accepted to direct claims

84047 995

326459 331

72047 978

307299 616

 
 

Less :Re-insurance Ceded to claims paid

4302 970

14106 267

2749 984

13465 582

 
 

Net Claims Paid

79745 025

312358 814

69300 794

293836 834

 
 

Add : Claims Outstanding at the end of the year

-10870 845

573317 064

-31467 642

455317 298

 
 

Less: Claims Outstanding at the beginning of the year

 0

455317 299

 0

411754 676

 
 

Total Claims Incurred

68874 180

430358 579

37833 151

337399 456

 
   

 0

 

- 1