FORM NL-1-B-RA

Name of the Insurer:  GENERAL INSURANCE CORPORATION OF INDIA   

Registration No.  112

Date of  Registration with the IRDAI : 2nd April, 2001

REVENUE ACCOUNT FOR THE PERIOD ENDED 30.09.2020

FIRE INSURANCE BUSINESS

    

(` '000)

 

PARTICULARS

SCHEDULE

For the  Three Months  ending 30.09.2020

Upto Six Months Ending 30.09.2020

For the  Three Months  ending 30.09.2019

Upto Six Months Ending 30.09.2019

1

Premiums earned (Net)

NL-4-Premium Schedule

33339 431

63741 877

25681 443

51475 780

2

Profit on sale of Investments (Net)

 

3340 612

3849 130

1221 353

2040 097

3

Profit/-Loss on Exchange Fluctuation

 

-616 047

 (362 188)

158 286

306 507

4

Interest, Dividend & Rent  - Gross

 

3121 061

4977 700

2518 531

4226 387

 

TOTAL (A)

 

39185 057

72206 519

29579 613

58048 771

1

Claims Incurred (Net)

NL-5-Claims Schedule

25866 845

58479 491

28156 008

46420 189

2

Commission (Net)

NL-6-Commission Schedule

9021 097

17643 843

10447 407

16290 207

3

Operating Expenses related to Insurance Business

NL-7-Operating Expenses Schedule

226 181

399 698

395 122

505 531

4

Expenses relating to Investments

 

 0

 0

 0

 0

5

Premium Deficiency

 

 0

 0

 0

 0

 

TOTAL  (B)

 

35114 123

76523 032

38998 537

63215 927

       
 

Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B)

 

4070 934

-4316 513

-9418 924

-5167 156

 

APPROPRIATIONS

     
 

Transfer to Shareholders’ Account

 

4070 934

-4316 513

-9418 924

-5167 156

 

Transfer to Catastrophe Reserve

     
 

Transfer to Other Reserves (to be specified)

     
 

TOTAL (C)

 

4070 934

-4316 513

-9418 924

-5167 156

As required by Section 40C (2)  of the Insurance  Act, 1938, we certify that, all expenses of management,  wherever incurred,  whether directly or indirectly, in respect of Fire Insurance Business have been fully debited in the Fire Insurance Revenue Accounts as expenses.

       
       

MISCELLANEOUS INSURANCE BUSINESS

 

PARTICULARS

SCHEDULE

For the  Three Months  ending 30.09.2020

Upto Six Months Ending 30.09.2020

For the  Three Months  ending 30.09.2019

Upto Six Months Ending 30.09.2019

1

Premiums earned (Net)

NL-4-Premium Schedule

53919 890

152887 019

88996 225

225940 755

2

Profit on sale of Investments (Net)

 

7447 287

8805 881

3157 849

5587 546

3

Profit/-Loss on Exchange Fluctuation

 

-1213 679

 (794 639)

529 204

688 604

4

Interest, Dividend & Rent  - Gross

 

6427 445

11387 776

6507 278

11575 496

 

TOTAL (A)

 

66580 943

172286 037

99190 556

243792 401

1

Claims Incurred (Net)

NL-5-Claims Schedule

59732 488

148844 670

96807 337

221331 186

2

Commission (Net)

NL-6-Commission Schedule

7801 159

24175 712

-23 406

21877 217

3

Operating Expenses related to Insurance Business

NL-7-Operating Expenses Schedule

284 358

755 645

1178 908

1682 778

4

Expenses relating to Investments

 

 0

 0

 0

 0

5

Premium Deficiency

 

 0

 0

 0

 0

 

TOTAL  (B)

 

67818 005

173776 027

97962 839

244891 181

       
 

Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B)

 

 (1237 062)

 (1489 990)

1227 717

-1098 780

 

APPROPRIATIONS

     
 

Transfer to Shareholders’ Account

 

 (1237 062)

 (1489 990)

1227 717

-1098 780

 

Transfer to Catastrophe Reserve

  

0

 

0

 

Transfer to Other Reserves (to be specified)

  

 0

 

 0

 

TOTAL (C)

 

 (1237 062)

 (1489 990)

1227 717

-1098 780

As required by Section 40C (2)  of the Insurance  Act, 1938, we certify that, all expenses of management,  wherever incurred,  whether directly or indirectly, in respect of Miscellaneous Insurance Business have been fully debited in the Miscellaneous Insurance Revenue Accounts as expenses.

       
       

MARINE INSURANCE BUSINESS

      
 

PARTICULARS

SCHEDULE

For the  Three Months  ending 30.09.2020

Upto Six Months Ending 30.09.2020

For the  Three Months  ending 30.09.2019

Upto Six Months Ending 30.09.2019

1

Premiums earned (Net)

NL-4-Premium Schedule

5116 005

9527 795

2470 819

5676 415

2

Profit on sale of Investments (Net)

 

641 593

726 525

226 923

378 630

3

Profit/-Loss on Exchange Fluctuation

 

-91 596

 (65 401)

37 862

48 049

4

Interest, Dividend & Rent  - Gross

 

629 450

939 543

467 941

784 393

 

TOTAL (A)

 

6295 452

11128 462

3203 545

6887 487

1

Claims Incurred (Net)

NL-5-Claims Schedule

8063 109

12467 961

2885 966

5472 224

2

Commission (Net)

NL-6-Commission Schedule

1194 329

1785 210

776 918

1467 923

3

Operating Expenses related to Insurance Business

NL-7-Operating Expenses Schedule

31 287

50 683

47 247

61 986

4

Expenses relating to Investments

 

 0

 0

 0

 0

5

Premium Deficiency

 

 0

 0

 0

 0

 

TOTAL  (B)

 

9288 725

14303 854

3710 131

7002 133

       
 

Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B)

 

-2993273

-3175392

-506586

-114646

 

APPROPRIATIONS

     
 

Transfer to Shareholders’ Account

 

-2993 273

-3175 392

-506 586

-114 646

 

Transfer to Catastrophe Reserve

     
 

Transfer to Other Reserves (to be specified)

     
 

TOTAL (C)

 

-2993 273

-3175 392

-506 586

-114 646

As required by Section 40C (2)  of the Insurance  Act, 1938, we certify that, all expenses of management,  wherever incurred,  whether directly or indirectly, in respect of Marine Insurance Business have been fully debited in the Marine Insurance Revenue Accounts as expenses.

       
       

LIFE INSURANCE BUSINESS

 

PARTICULARS

SCHEDULE

For the  Three Months  ending 30.09.2020

Upto Six Months Ending 30.09.2020

For the  Three Months  ending 30.09.2019

Upto Six Months Ending 30.09.2019

1

Premiums earned (Net)

NL-4-Premium Schedule

2538 203

5375 146

1962 153

3388 899

2

Profit on sale of Investments (Net)

 

151 372

173 841

58 656

89 087

3

Profit/-Loss on Exchange Fluctuation

 

-22 579

 (15 649)

9 264

11 241

4

Interest, Dividend & Rent  - Gross

 

142 774

224 812

121 080

184 557

 

TOTAL (A)

 

2809 770

5758 150

2151 153

3673 784

1

Claims Incurred (Net)

NL-5-Claims Schedule

2236 221

4793 903

1761 547

3394 144

2

Commission (Net)

NL-6-Commission Schedule

65 945

76 507

30 776

49 660

3

Operating Expenses related to Insurance Business

NL-7-Operating Expenses Schedule

11 692

24 037

31 299

36 962

4

Expenses relating to Investments

 

 0

 0

 0

 0

5

Premium Deficiency

 

28 457

103 686

348 049

487 869

 

TOTAL  (B)

 

2342 315

4998 133

2171 671

3968 635

       
 

Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B)

 

467 455

760 017

 (20 518)

 (294 851)

 

APPROPRIATIONS

     
 

Transfer to Shareholders’ Account

 

467 455

760 017

 (20 518)

 (294 851)

 

Transfer to Catastrophe Reserve

     
 

Transfer to Other Reserves (to be specified)

     
 

TOTAL (C)

 

467 455

760 017

 (20 518)

 (294 851)

As required by Section 40C (2)  of the Insurance  Act, 1938, we certify that, all expenses of management,  wherever incurred,  whether directly or indirectly, in respect of Life Insurance Business have been fully debited in the Life Insurance Revenue Accounts as expenses.