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