FORM NL-1-B-RA

Name of the Insurer:  GENERAL INSURANCE CORPORATION OF INDIA   

Registration No.  112

Date of  Registration with the IRDAI : 2nd April, 2001

REVENUE ACCOUNT FOR THE PERIOD ENDED 30.06.2020

       

FIRE INSURANCE BUSINESS

    

(Rs. '000)

 

PARTICULARS

SCHEDULE

For the  Three Months  ending 30.06.2020

Upto Three Months Ending 30.06.2020

For the  Three Months  ending 30.06.2019

Upto Three Months Ending 30.06.2019

1

Premiums earned (Net)

NL-4-Premium Schedule

30402 447

30402 447

25794 337

25794 337

2

Profit on sale of Investments (Net)

 

508 518

508 518

818 744

818 744

3

Profit/-Loss on Exchange Fluctuation

 

253 859

 253,859

148 221

148 221

4

Interest, Dividend & Rent  - Gross

 

1856 639

1856 639

1707 856

1707 856

 

TOTAL (A)

 

33021 463

33021 463

28469 158

28469 158

1

Claims Incurred (Net)

NL-5-Claims Schedule

32612 646

32612 646

18264 181

18264 181

2

Commission (Net)

NL-6-Commission Schedule

8622 746

8622 746

5842 800

5842 800

3

Operating Expenses related to Insurance Business

NL-7-Operating Expenses Schedule

173 517

173 517

110 409

110 409

4

Expenses relating to Investments

 

 0

 0

 0

 0

5

Premium Deficiency

 

 0

 0

 0

 0

 

TOTAL  (B)

 

41408 909

41408 909

24217 390

24217 390

       
 

Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B)

 

-8387 446

-8387 446

4251 768

4251 768

 

APPROPRIATIONS

     
 

Transfer to Shareholders’ Account

 

-8387 446

-8387 446

4251 768

4251 768

 

Transfer to Catastrophe Reserve

     
 

Transfer to Other Reserves (to be specified)

     
 

TOTAL (C)

 

-8387 446

-8387 446

4251 768

4251 768

As required by Section 40C (2)  of the Insurance  Act, 1938, we certify that, all expenses of management,  wherever incurred,  whether directly or indirectly, in respect of Fire Insurance Business have been fully debited in the Fire Insurance Revenue Accounts as expenses.

       
       

MISCELLANEOUS INSURANCE BUSINESS

 

PARTICULARS

SCHEDULE

For the  Three Months  ending 30.06.2020

Upto Three Months Ending 30.06.2020

For the  Three Months  ending 30.06.2019

Upto Three Months Ending 30.06.2019

1

Premiums earned (Net)

NL-4-Premium Schedule

98967 129

98967 129

136944 530

136944 530

2

Profit on sale of Investments (Net)

 

1358 594

1358 594

2429 697

2429 697

3

Profit/-Loss on Exchange Fluctuation

 

419 040

 419,040

159 399

159 399

4

Interest, Dividend & Rent  - Gross

 

4960 331

4960 331

5068 218

5068 218

 

TOTAL (A)

 

105705 094

105705 094

144601 844

144601 844

1

Claims Incurred (Net)

NL-5-Claims Schedule

89112 182

89112 182

124523 848

124523 848

2

Commission (Net)

NL-6-Commission Schedule

16374 553

16374 553

21900 622

21900 622

3

Operating Expenses related to Insurance Business

NL-7-Operating Expenses Schedule

471 287

471 287

503 869

503 869

4

Expenses relating to Investments

 

 0

 0

 0

 0

5

Premium Deficiency

 

 0

 0

 0

 0

 

TOTAL  (B)

 

105958 022

105958 022

146928 339

146928 339

       
 

Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B)

 

 (252 928)

 (252 928)

-2326 495

-2326 495

 

APPROPRIATIONS

     
 

Transfer to Shareholders’ Account

 

 (252 928)

 (252 928)

-2326 495

-2326 495

 

Transfer to Catastrophe Reserve

  

0

 

0

 

Transfer to Other Reserves (to be specified)

  

 0

 

 0

 

TOTAL (C)

 

 (252 928)

 (252 928)

-2326 495

-2326 495

As required by Section 40C (2)  of the Insurance  Act, 1938, we certify that, all expenses of management,  wherever incurred,  whether directly or indirectly, in respect of Miscellaneous Insurance Business have been fully debited in the Miscellaneous Insurance Revenue Accounts as expenses.

       
       

MARINE INSURANCE BUSINESS

 

PARTICULARS

SCHEDULE

For the  Three Months  ending 30.06.2020

Upto Three Months Ending 30.06.2020

For the  Three Months  ending 30.06.2019

Upto Three Months Ending 30.06.2019

1

Premiums earned (Net)

NL-4-Premium Schedule

4411 789

4411 789

3205 596

3205 596

2

Profit on sale of Investments (Net)

 

84 932

84 932

151 707

151 707

3

Profit/-Loss on Exchange Fluctuation

 

26 195

 26,195

10 187

10 187

4

Interest, Dividend & Rent  - Gross

 

310 093

310 093

316 452

316 452

 

TOTAL (A)

 

4833 009

4833 009

3683 942

3683 942

1

Claims Incurred (Net)

NL-5-Claims Schedule

4404 852

4404 852

2586 258

2586 258

2

Commission (Net)

NL-6-Commission Schedule

590 881

590 881

691 005

691 005

3

Operating Expenses related to Insurance Business

NL-7-Operating Expenses Schedule

19 396

19 396

14 739

14 739

4

Expenses relating to Investments

 

 0

 0

 0

 0

5

Premium Deficiency

 

 0

 0

 0

 0

 

TOTAL  (B)

 

5015 129

5015 129

3292 002

3292 002

       
 

Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B)

 

-182120

-182120

391940

391940

 

APPROPRIATIONS

     
 

Transfer to Shareholders’ Account

 

-182 120

-182 120

391 940

391 940

 

Transfer to Catastrophe Reserve

     
 

Transfer to Other Reserves (to be specified)

     
 

TOTAL (C)

 

-182 120

-182 120

391 940

391 940

As required by Section 40C (2)  of the Insurance  Act, 1938, we certify that, all expenses of management,  wherever incurred,  whether directly or indirectly, in respect of Marine Insurance Business have been fully debited in the Marine Insurance Revenue Accounts as expenses.

       
       

LIFE INSURANCE BUSINESS

 

PARTICULARS

SCHEDULE

For the  Three Months  ending 30.06.2020

Upto Three Months Ending 30.06.2020

For the  Three Months  ending 30.06.2019

Upto Three Months Ending 30.06.2019

1

Premiums earned (Net)

NL-4-Premium Schedule

2836 943

2836 943

1426 746

1426 746

2

Profit on sale of Investments (Net)

 

22 469

22 469

30 431

30 431

3

Profit/-Loss on Exchange Fluctuation

 

6 930

 6,930

1 977

1 977

4

Interest, Dividend & Rent  - Gross

 

82 038

82 038

63 477

63 477

 

TOTAL (A)

 

2948 380

2948 380

1522 631

1522 631

1

Claims Incurred (Net)

NL-5-Claims Schedule

2557 682

2557 682

1632 597

1632 597

2

Commission (Net)

NL-6-Commission Schedule

10 561

10 561

18 884

18 884

3

Operating Expenses related to Insurance Business

NL-7-Operating Expenses Schedule

12 344

12 344

5 663

5 663

4

Expenses relating to Investments

 

 0

 0

 0

 0

5

Premium Deficiency

 

75 229

75 229

139 820

139 820

 

TOTAL  (B)

 

2655 816

2655 816

1796 964

1796 964

       
 

Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B)

 

292 564

292 564

 (274 333)

 (274 333)

 

APPROPRIATIONS

     
 

Transfer to Shareholders’ Account

 

292 564

292 564

 (274 333)

 (274 333)

 

Transfer to Catastrophe Reserve

     
 

Transfer to Other Reserves (to be specified)

     
 

TOTAL (C)

 

292 564

292 564

 (274 333)

 (274 333)

As required by Section 40C (2)  of the Insurance  Act, 1938, we certify that, all expenses of management,  wherever incurred,  whether directly or indirectly, in respect of Life Insurance Business have been fully debited in the Life Insurance Revenue Accounts as expenses.