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