TABLE IB: AVAILABLE SOLVENCY MARGIN AND SOLVENCY RATIO AS AT 30TH SEPTEMBER  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)

 

87258 40.55

  
 

Deduct:

    

B

Current liabilities as per BS

 

62188 47.69

  

C

Provision as per BS

 

17295 11.11

  

D

Other Liabilities

 

4895 14.02

  

E

Excess in Policyholders’ Funds (A-B-C-D)*

 

287967.73

  
 

Shareholder's Funds

    

F

Available Assets

 

18589 29.00

  
 

Deduct:

    

G

Other Liabilities

 

643 15.93

  

H

Excess in Shareholders’ Funds (F-G)

 

17946 13.06

  

I

Total Available Solvency Margin [ASM]   (E+H)

 

20825 80.79

  

J

Total Required Solvency Margin  [RSM]

 

12813 16.00

  

K

Solvency Ratio (Total ASM/Total RSM)

 

1.63

  

* 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.102,053.23 lakhs