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