FORM NL-2-B-PL
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						( 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	OPERATING PROFIT/(LOSS)
	(a) Fire Insurance		-8387 445	-8387 445	4251 768	4251 768
	(b) Marine Insurance		-182 120	-182 120	391 939	391 939
	(c ) Miscellaneous Insurance		-252 927	(252 927)	-2326 495	-2326 495
	(d) Life Insurance		292 564	292 564	-274 333	(274 333)

2	INCOME FROM INVESTMENTS
	(a) Interest, Dividend & Rent – Gross		1762 045	1762 045	2320 172	2320 172
	(b) Profit on sale of investments		482 610	482 610	1112 287	1112 287
	Less: Loss on sale of investments		0	0	0	0

3	OTHER INCOME (To be specified)
	Foreign gain/(loss)		148 851	148 851	72 342	72 342
	Profit on sale of Assets (Net)		439	439	31	31
	Sundry Balances Written Back (Net)		0	0	0	0
	Interest on Income-tax Refund		0	0	0	0
	(Provision)/doubtful debts written back		0	0	0	0
	Motor Pool Service Charges		0	0	0	0
	Miscellaneous Receipts		5 454	5 454	2 748	2 748
	TOTAL (A)		-6130 529	-6130 529	5550 459	5550 459
4	Provision for Doubtful Loans & Investment		454 697	454 697	3431 443	3431 443
5	Provision /(written off) for Doubtful Debts		1445 870	1445 870	598 145	598 145
6	Amortisation of premium on Investments		79 211	79 211	73 986	73 986
7	Diminution in the value of investments written off		0	0	0	0
8	OTHER EXPENSES
	Expenses relating to Investments		0	0	0	0
	Forex loss/(gain)		0	0	0	0
	(Profit)/Loss on sale of Assets (Net)		0	0	0	0
	Sundry Balances Written off (Net)		0	0	0	0
	Interest & others		10	10	10	10
	Corporate Social Responsibility		1 894	1 894	57 842	57 842
	IPO expenses		0	0	0	0
	TOTAL (B)		1981 682	1981 682	4161 426	4161 426
	Profit Before Tax		-8112 211	-8112 211	1389 033	1389 033
	Provision for Taxation :
	Current Tax		34 248	34 248	307,269	307 269
	Wealth Tax		0	0	0	0
	MAT Credit		0	0	(4 749)	-4 749
	Deferred Tax		-2571 781	-2571 781	561	561
	Fringe Benefit Tax		0	0	0	0
	Provision for Tax in respect of earlier years		0	0	0	0
	MAT Credit of earlier year		0	0	0	0
	Profit after Tax		-5574 678	-5574 678	1085 952	1085 952
	Appropriations
	Balance brought forward from last year		22435 908	22435 908	40,303,305	40303 305
	(a) Interim dividends paid during the year		0	0	0	0
	(b) Final dividend		0	0	0	0
	(c) Dividend distribution tax		0	0	0	0
	(d) Transfer to General Reserve		0	0	0	0
	(e) Balance carried forward to Balance Sheet		16861 230	16861 230	41,389,257	41389 257

Notes: to Form NL-1-B-RA and NL-2-B- PL
(a) Premium income received from business concluded in and outside India shall be separately disclosed.
(b) Reinsurance premiums whether on business ceded or accepted are to be brought into account gross (i.e. before deducting commissions) under the head reinsurance premiums.
(c) Claims incurred shall comprise claims paid, specific claims settlement costs wherever applicable and change in the outstanding provision for claims at the year-end,.
(d) Items of expenses and income in excess of one percent of the total premiums (less reinsurance) or Rs.5,00,000 whichever is higher, shall be shown as a separate line item.
(e) Fees and expenses connected with claims shall be included in claims.
(f) Under the sub-head "Others” shall be included items like foreign exchange gains or losses and other items.
(g) Interest, dividends and rentals receivable in connection with an investment should be stated as gross amount, the amount of income tax deducted at source being included under 'advance taxes paid and taxes deducted at source”..
(h) Income from rent shall include only the realised rent. It shall not include any notional rent.