Form - NL-33 | ||||
TABLE IB: AVAILABLE SOLVENCY MARGIN AND SOLVENCY RATIO AS AT 30 JUNE 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) | 91271 99.05 | |||
Deduct: | ||||
B | Current liabilities as per BS | 64190 75.94 | ||
C | Provision as per BS | 17874 71.02 | ||
D | Other Liabilities | 5847 01.41 | ||
E | Excess in Policyholders’ Funds (A-B-C-D)* | 335950.68 | ||
Shareholder's Funds | ||||
F | Available Assets | 17455 31.40 | ||
Deduct: | ||||
G | Other Liabilities | 651 03.54 | ||
H | Excess in Shareholders’ Funds (F-G) | 16804 27.86 | ||
I | Total Available Solvency Margin [ASM] (E+H) | 20163 78.54 | ||
J | Total Required Solvency Margin [RSM] | 13230 43.28 | ||
K | Solvency Ratio (Total ASM/Total RSM) | 1.52 | ||
* 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.957,49.98 lakhs |