FORM NL-4-PREMIUM SCHEDULE

Name of the Insurer:  GENERAL INSURANCE CORPORATION OF INDIA   

PREMIUM EARNED [NET]

FOR THE YEAR ENDED 30.09.2020

A

FIRE INSURANCE

   

(` '000)

 

PARTICULARS

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

 

Premium from direct business written

 0

 0

 0

 0

 

Service Tax

    
 

Adjustment for change in reserve for unexpired risks

    
 

Gross Earned Premium

    
 

Add: Premium on reinsurance accepted

43772 251

83031 448

32563 034

63904 388

 

Less : Premium on reinsurance ceded

5291 824

11960 316

5681 772

10066 020

 

Net Premium

38480 425

71071 130

26881 261

53838 367

 

Adjustment for change in reserve for unexpired risks

-5140 996

-7329 253

-1199 818

-2362 587

 

Premium Earned (Net)

33339 429

63741 877

25681 443

51475 780

      
      

B

MISCELLANEOUS INSURANCE

    

(1)

MOTOR

    
 

Premium from direct business written

 0

 0

 0

 0

 

Service Tax

    
 

Adjustment for change in reserve for unexpired risks

    
 

Gross Earned Premium

    
 

Add: Premium on reinsurance accepted

25901 606

43163 974

26549 955

50168 632

 

Less : Premium on reinsurance ceded

320 252

1096 046

 0

 0

 

Net Premium

25581 354

42067 928

26549 955

50168 632

 

Adjustment for change in reserve for unexpired risks

-3426 506

-2534 014

-1846 992

-4658 888

 

Premium Earned (Net)

22154 848

39533 914

24702 963

45509 744

      
      

(2)

AVIATION

    
 

Premium from direct business written

 0

 0

 0

 0

 

Service Tax

    
 

Adjustment for change in reserve for unexpired risks

    
 

Gross Earned Premium

    
 

Add: Premium on reinsurance accepted

2660 274

6129 976

2950 116

5963 809

 

Less : Premium on reinsurance ceded

1434 139

3198 966

594 813

1460 172

 

Net Premium

1226 135

2931 010

2355 303

4503 637

 

Adjustment for change in reserve for unexpired risks

490 077

797 588

-117 472

-522 695

 

Premium Earned (Net)

1716 212

3728 598

2237 831

3980 942

      
      

(3)

ENGINEERING

    
 

Premium from direct business written

 0

 0

 0

 0

 

Service Tax

    
 

Adjustment for change in reserve for unexpired risks

    
 

Gross Earned Premium

    
 

Add: Premium on reinsurance accepted

3511 527

6964 700

2697 329

6260 428

 

Less : Premium on reinsurance ceded

553 043

1486 099

124 233

472 894

 

Net Premium

2958 484

5478 601

2573 096

5787 534

 

Adjustment for change in reserve for unexpired risks

-201 154

190 014

-86 983

-641 661

 

Premium Earned (Net)

2757 330

5668 615

2486 113

5145 873

      
      

(4)

W.C.

    
 

Premium from direct business written

 0

 0

 0

 0

 

Service Tax

    
 

Adjustment for change in reserve for unexpired risks

    
 

Gross Earned Premium

    
 

Add: Premium on reinsurance accepted

76 530

361 296

69 821

136 538

 

Less : Premium on reinsurance ceded

 0

 0

 0

 23

 

Net Premium

76 530

361 296

69 821

136 515

 

Adjustment for change in reserve for unexpired risks

-3 133

-111 936

35 433

49 731

 

Premium Earned (Net)

73 397

249 360

105 254

186 246

      
      

(5)

Liability

    
 

Premium from direct business written

 0

 0

 0

 0

 

Service Tax

    
 

Adjustment for change in reserve for unexpired risks

    
 

Gross Earned Premium

    
 

Add: Premium on reinsurance accepted

1169 547

3956 433

1705 395

3684 724

 

Less : Premium on reinsurance ceded

175 971

486 651

128 276

295 505

 

Net Premium

993 576

3469 782

1577 119

3389 219

 

Adjustment for change in reserve for unexpired risks

286 471

-43 300

-72 649

-567 627

 

Premium Earned (Net)

1280 047

3426 482

1504 470

2821 592

      
      

(6)

PA

    
 

Premium from direct business written

 0

 0

 0

 0

 

Service Tax

    
 

Adjustment for change in reserve for unexpired risks

    
 

Gross Earned Premium

    
 

Add: Premium on reinsurance accepted

2150 580

4186 558

1355 281

3485 168

 

Less : Premium on reinsurance ceded

2 590

2 591

 0

1 171

 

Net Premium

2147 990

4183 967

1355 281

3483 997

 

Adjustment for change in reserve for unexpired risks

-355 451

-580 874

-15 607

224 750

 

Premium Earned (Net)

1792 539

3603 093

1339 674

3708 747

      
      

(7)

Health

    
 

Premium from direct business written

 0

 0

 0

 0

 

Service Tax

    
 

Adjustment for change in reserve for unexpired risks

    
 

Gross Earned Premium

    
 

Add: Premium on reinsurance accepted

23357 674

31792 357

5527 644

29553 836

 

Less : Premium on reinsurance ceded

3148 710

3317 514

 0

 0

 

Net Premium

20208 964

28474 843

5527 644

29553 836

 

Adjustment for change in reserve for unexpired risks

-6005 174

-6937 922

996 803

924 678

 

Premium Earned (Net)

14203 790

21536 921

6524 447

30478 514

      
      

(8)

Agriculture

    
 

Premium from direct business written

 0

 0

 0

 0

 

Service Tax

    
 

Adjustment for change in reserve for unexpired risks

    
 

Gross Earned Premium

    
 

Add: Premium on reinsurance accepted

-9838 708

59993 665

10563 367

117327 327

 

Less : Premium on reinsurance ceded

6047 561

6200 271

-993 863

3119 062

 

Net Premium

-15886 269

53793 394

11557 230

114208 265

 

Adjustment for change in reserve for unexpired risks

23483 041

15426 497

36940 350

13116 920

 

Premium Earned (Net)

7596 772

69219 891

48497 580

127325 185

      
      

(9)

Oth. Misc.

    
 

Premium from direct business written

 0

 0

 0

 0

 

Service Tax

    
 

Adjustment for change in reserve for unexpired risks

    
 

Gross Earned Premium

    
 

Add: Premium on reinsurance accepted

1500 308

4878 443

1874 278

5323 940

 

Less : Premium on reinsurance ceded

475 658

1419 598

439 256

599 256

 

Net Premium

1024 650

3458 845

1435 022

4724 684

 

Adjustment for change in reserve for unexpired risks

212 689

686 974

-679 806

391 492

 

Premium Earned (Net)

1237 339

4145 819

755 216

5116 176

      
      

(10)

FL/Credit

    
 

Premium from direct business written

 0

 0

 0

 0

 

Service Tax

    
 

Adjustment for change in reserve for unexpired risks

    
 

Gross Earned Premium

    
 

Add: Premium on reinsurance accepted

1168 583

1678 814

1046 609

1867 705

 

Less : Premium on reinsurance ceded

 0

 0

3 692

3 692

 

Net Premium

1168 583

1678 814

1042 917

1864 013

 

Adjustment for change in reserve for unexpired risks

-60 969

95 512

-200 239

-196 275

 

Premium Earned (Net)

1107 614

1774 326

842 678

1667 738

      
      
 

TOTAL  MISCELLANEOUS

    
 

Premium from direct business written

 0

 0

 0

 0

 

Service Tax

    
 

Adjustment for change in reserve for unexpired risks

    
 

Gross Earned Premium

    
 

Add: Premium on reinsurance accepted

51657 921

163106 216

54339 795

223772 107

 

Less : Premium on reinsurance ceded

12157 924

17207 736

296 407

5951 775

 

Net Premium

39499 997

145898 480

54043 386

217820 330

 

Adjustment for change in reserve for unexpired risks

14419 891

6988 539

34952 838

8120 425

 

Premium Earned (Net)

53919 888

152887 019

88996 224

225940 755

      
      

C

MARINE INSURANCE

    

(1)

MARINE CARGO

    
 

Premium from direct business written

 0

 0

 0

 0

 

Service Tax

    
 

Adjustment for change in reserve for unexpired risks

    
 

Gross Earned Premium

    
 

Add: Premium on reinsurance accepted

3929 436

7521 637

2792 395

4966 009

 

Less : Premium on reinsurance ceded

305 969

634 574

235 494

472 699

 

Net Premium

3623 467

6887 063

2556 901

4493 310

 

Adjustment for change in reserve for unexpired risks

-526 257

-1182 607

-613 540

-927 099

 

Premium Earned (Net)

3097 210

5704 456

1943 361

3566 211

      
      

(2)

MARINE HULL

    
 

Premium from direct business written

 0

 0

 0

 0

 

Service Tax

    
 

Adjustment for change in reserve for unexpired risks

    
 

Gross Earned Premium

    
 

Add: Premium on reinsurance accepted

4610 741

5768 827

2017 251

4992 665

 

Less : Premium on reinsurance ceded

215 881

607 287

292 508

1476 054

 

Net Premium

4394 860

5161 540

1724 743

3516 611

 

Adjustment for change in reserve for unexpired risks

-2376 064

-1338 202

-1197 285

-1406 406

 

Premium Earned (Net)

2018 796

3823 338

527 458

2110 205

      
      
 

TOTAL MARINE

    
 

Premium from direct business written

 0

 0

 0

 0

 

Service Tax

    
 

Adjustment for change in reserve for unexpired risks

    
 

Gross Earned Premium

    
 

Add: Premium on reinsurance accepted

8540 177

13290 464

4809 646

9958 674

 

Less : Premium on reinsurance ceded

521 850

1241 861

528 002

1948 753

 

Net Premium

8018 328

12048 604

4281 643

8009 920

 

Adjustment for change in reserve for unexpired risks

-2902 321

-2520 809

-1810 825

-2333 505

 

Premium Earned (Net)

5116 007

9527 795

2470 818

5676 415

      
      

D

LIFE INSURANCE

    
 

Premium from direct business written

 0

 0

 0

 0

 

Service Tax

    
 

Adjustment for change in reserve for unexpired risks

    
 

Gross Earned Premium

    
 

Add: Premium on reinsurance accepted

2544 637

5902 334

2879 560

5088 115

 

Less : Premium on reinsurance ceded

82 672

207 044

98 928

329 177

 

Net Premium

2461 965

5695 290

2780 632

4758 938

 

Adjustment for change in reserve for unexpired risks

76 238

-320 144

-818 479

-1370 039

 

Premium Earned (Net)

2538 203

5375 146

1962 153

3388 899

      
      

E

TOTAL ALL CLASSES

    
 

Premium from direct business written

 0

 0

 0

 0

 

Service Tax

    
 

Adjustment for change in reserve for unexpired risks

    
 

Gross Earned Premium

    
 

Add: Premium on reinsurance accepted

106514 986

265330 462

94592 035

302723 284

 

Less : Premium on reinsurance ceded

18054 270

30616 957

6605 109

18295 725

 

Net Premium

88460 716

234713 505

87986 926

284427 559

 

Adjustment for change in reserve for unexpired risks

6452 812

-3181 667

31123 716

2054 294

 

Premium Earned (Net)

94913 528

231531 838

119110 642

286481 853