FORM NL-7-OPERATING EXPENSES SCHEDULE

Name of the Insurer:  GENERAL INSURANCE CORPORATION OF INDIA   

OPERATING EXPENSES RELATED TO INSURANCE BUSINESS

(` '000)

PARTICUALRS

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

Employees’ remuneration & welfare benefits

151 050

429 840

1307 394

1561 329

2

Travel, conveyance and vehicle running expenses

1 544

1 921

15 379

32 593

3

Training expenses

 390

 438

2 019

5 434

4

Rents, rates & taxes

13 671

26 706

15 482

31 906

5

Repairs

38 377

91 855

43 857

107 896

6

Printing & stationery

 90

 134

 603

1 152

7

Communication

2 967

4 337

3 461

6 516

8

Legal & professional charges

18 587

36 179

17 207

31 959

9

Auditors' fees, expenses etc

 0

 0

(a) as auditor

7 308

13 604

4 321

7 862

(b) as adviser or in any other capacity, in respect of

(i) Taxation matters

 0

 0

 0

 0

(ii) Insurance matters

(iii) Management services; and

(c)   in any other capacity

 539

 539

- 1

 16

10

Advertisement and publicity

5 609

11 231

22 551

41 902

11

Interest & Bank Charges

216 369

352 624

45 998

174 781

12

IT Expenses

23 977

96 574

86 620

107 388

13

Depreciation

33 755

67 401

63 718

106 185

14

GST Expenses A/c

5 720

28 091

 0

 0

15

Swachh Bharat Cess

 0

 0

 0

 0

16

Others

33 566

68 589

23 967

70 338

TOTAL

553 519

1230 063

1652 576

2287 257

Note: Items of expenses and income in excess of one percent of the total premiums (less reinsurance) or Rs.5,00,000 whichever is higher, shall be shown as a separate line item.