FORM NL-31: Related Party Transactions

Insurer: General Insurance Corporation of India

 

  

Date: 30.06.2020

 

 

 

 

 

 

 

 

                                                                                                                                                                                                                          (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 30.06.2020

Up to the Quarter 30.06.2020

Corresponding quarter of the preceding year 30.06.2019

Up to the Quarter of the preceding year 30.06.2019

1

India International Pte Ltd.

Associate Company

Net Premiun - Net commission - Net Claims

-43,945.88

-43,945.88

21,474.43

21,474.43

2

GIC RE South Africa Ltd.

Subsidiary Company

Net Premiun - Net commission - Net Claims

0.00

0.00

-298,195.17

-298,195.17

3

GIC-Bhutan RE Ltd.

Associate Company

Net Premiun - Net commission - Net Claims

9,255.24

9,255.24

9,290.62

9,290.62

4

Agricultural Insurance Company of India Ltd

Associate Company

Net Premiun - Net commission - Net Claims

20,225,493.18

20,225,493.18

20,886,528.60

20,886,528.60

5

GIC RE INDIA CORPORATE MEMBER

Subsidiary Company

Net Premiun - Net commission - Net Claims

-1,696,393.09

-1,696,393.09

1,162,026.16

1,162,026.16

6

GIC Perestrakhovanie LLC

Subsidiary Company

Net Premiun - Net commission - Net Claims

0.00

0.00

0.00

0.00

        

(-) indicates amount payable by GIC Re