FORM NL-31: Related Party Transactions

 

Insurer: GIC Re  

 

Date: 30.09.2020

 

 

 

 

 

 

 

 

 

 

 

 

                                                                                                                                                                                                                                         (Rs in Thousand)

 

Sl.No.

Name of the Related Party

Nature of Relationship with the Company

Description of Transactions / Categories 

Consideration paid / received*

 

For the quarter 30.09.2020

Up to the Quarter 30.09.2020

Corresponding quarter of the preceding year 30.09.2019

Up to the Quarter of the preceding year 30.09.2019

 

1

India International Pte LTD.

Associate Company

Net Premiun - Net commission - Net Claims

64,615.80

20,326.96

13,585.28

35,024.46

 

2

GIC RE South Africa Ltd.

Subsidiary Company

Net Premiun - Net commission - Net Claims

0.00

0.00

0.00

-2,98,195.17

 

3

GIC-Bhutan RE Ltd.

Associate Company

Net Premiun - Net commission - Net Claims

0.00

9,255.24

9,278.83

18,569.45

 

4

Agricultural Insurance Company of India Ltd

Associate Company

Net Premiun - Net commission - Net Claims

-2,07,69,044.89

-5,43,551.71

48,03,241.00

2,56,89,769.60

 

5

GIC RE INDIA CORPORATE MEMBER

Subsidiary Company

Net Premiun - Net commission - Net Claims

14,09,491.55

-2,86,901.53

93,823.67

12,55,849.83

 

6

GIC Perestrakhovanie LLC

Subsidiary Company

Net Premiun - Net commission - Net Claims

0.00

0.00

0.00

0.00

 
         

(-) indicates amount payable by GIC Re