FORM NL-7-OPERATING EXPENSES SCHEDULE

 

Name of the Insurer:  GENERAL INSURANCE CORPORATION OF INDIA   

 

OPERATING EXPENSES RELATED TO INSURANCE BUSINESS

  

(Rs. '000)

 
       
 

PARTICUALRS

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

Employees’ remuneration & welfare benefits

278 790

278 790

253 935

253 935

 

2

Travel, conveyance and vehicle running expenses

 377

 377

17 214

17 214

 

3

Training expenses

 48

 48

3 415

3 415

 

4

Rents, rates & taxes

13 035

13 035

16 424

16 424

 

5

Repairs

53 478

53 478

64 039

64 039

 

6

Printing & stationery

 44

 44

 549

 549

 

7

Communication

1 370

1 370

3 055

3 055

 

8

Legal & professional charges

17 592

17 592

14 752

14 752

 

9

Auditors' fees, expenses etc

 0

 

 0

  
 

(a) as auditor

6 296

6 296

3 541

3 541

 
 

(b) as adviser or in any other capacity, in respect of

     
 

(i) Taxation matters

 0

 0

 0

 0

 
 

(ii) Insurance matters

 0

 0

 17

 17

 
 

(iii) Management services; and

 0

 0

 0

 0

 
 

(c)   in any other capacity

 0

 0

 0

 0

 

10

Advertisement and publicity

5 622

5 622

19 351

19 351

 

11

Interest & Bank Charges

136 255

136 255

128 783

128 783

 

12

IT Expenses

72 597

72 597

20 768

20 768

 

13

Depreciation

33 646

33 646

42 467

42 467

 

14

GST Expenses A/c

22 371

22 371

 0

 0

 

15

Swachh Bharat Cess

 0

 0

 0

 0

 

16

Others

35 023

35 023

46 371

46 371

 
 

TOTAL

676 544

676 544

634 681

634 681

 
       

Note: 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.