FORM NL-26 - CLAIMS INFORMATION - KG Table I

         

Insurer : General Insurance Corporation of India

Solvency for the period ended 31.12.2020

Required solvency margin based on net premium and net incurred claims

        

(₹ in Lacs)

Item No.

Description

PREMIUM

CLAIM

RSM-1

RSM-2

RSM

Gross  Premium

Net  Premium

Gross incurred claim

Net incurred Claim

1

Fire

14282 63.77

12120 33.99

9242 74.31

9231 38.79

2424 06.80

2769 41.64

2769 41.64

2

Marine - Cargo

1466 89.15

1330 68.64

969 47.83

822 38.50

266 13.73

246 71.55

266 13.73

3

Marine - Other Than Marine Cargo

1139 38.74

1008 15.91

1228 09.33

1125 73.29

201 63.18

337 71.99

337 71.99

4

Motor

8860 85.77

8710 43.87

7163 04.60

7149 84.65

1742 08.77

2144 95.40

2144 95.40

5

Engineering

1357 54.80

1136 86.00

833 15.98

841 21.28

227 37.20

252 36.38

252 36.38

6

Aviation

1551 64.68

1003 10.17

1528 48.82

1173 54.70

200 62.03

352 06.41

352 06.41

7

Liability

743 86.09

656 34.36

452 91.83

451 17.65

131 26.87

135 35.30

135 35.30

8

Health

5388 04.39

5013 13.69

4662 53.80

4487 47.58

1002 62.74

1346 24.28

1346 24.28

9

Miscellaneous

1974 72.09

1745 72.61

1530 67.59

1487 71.69

349 14.52

446 31.51

446 31.51

10

Agriculture

9494 56.76

8556 60.33

12940 67.70

12587 44.20

1711 32.07

3776 23.26

3776 23.26

11

Life

      

1059 09.61

 

Total

46260 16.23

41281 39.56

40551 81.80

39357 92.33

8256 27.91

11807 37.70

12885 89.48

 

RSM1 premium has been calculated based on 12 month figure  on rolling basis complying with circular no.  IRDA/F&I/CIR/F&A/076/05/2010 dated 10.05.2010.

 

RSM2 Gross Incurred Claim and Net Incurred Claim has been calculated complying with circular no. 045/IRDA/F&A/Mar-06 dated 31.03.2006

         
         

Solvency for the period ended 31.12.2019

Required solvency margin based on net premium and net incurred claims

        

(` in Lacs)

Item No.

Description

PREMIUM

CLAIM

RSM-1

RSM-2

RSM

Gross  Premium

Net  Premium

Gross incurred claim

Net incurred Claim

1

Fire

1174304.22

969211.11

959744.73

896366.12

193842.22

268909.84

268909.84

2

Misc - Motor

938369.67

938369.67

749273.45

749273.43

187673.93

224782.03

224782.03

3

Misc - Aviation

139197.47

105911.53

127301.69

90205.38

21182.31

27061.61

27061.61

4

Misc - Engg

114658.99

102548.84

63840.76

67593.00

20509.77

20277.90

20509.77

5

Misc - W.C.

2421.80

2421.10

2968.98

2968.98

484.22

890.69

890.69

6

Misc - Liability

77418.24

67289.66

39518.78

39227.35

13457.93

11768.21

13457.93

7

Misc - P.A.

72115.59

72064.48

53957.37

53955.76

14412.90

16186.73

16186.73

8

Misc - Health

544674.76

537418.62

539666.84

536767.97

107483.72

161030.39

161030.39

9

Misc - Agriculture

1525549.80

1254482.39

1377248.31

1363855.26

250896.48

409156.58

409156.58

10

Misc - Oth. Misc.

89109.19

77693.25

35743.26

31304.64

15538.65

9391.39

15538.65

11

Misc - FL/Cr.

33962.39

33925.47

28890.60

27545.04

6785.09

8263.51

8263.51

12

Marine - Cargo

96877.57

84600.70

47872.09

44333.77

16920.14

13300.13

16920.14

13

Marine - Hull

99626.20

77502.73

74851.92

72127.78

15500.55

21638.33

21638.33

14

Life

0.00

0.00

0.00

0.00

0.00

0.00

86824.70

 

Total

49082 85.89

43234 39.55

41008 78.78

39755 24.49

8646 87.91

11926 57.35

12911 70.91

 

RSM1 premium has been calculated based on 12 month figure  on rolling basis complying with circular no.  IRDA/F&I/CIR/F&A/076/05/2010 dated 10.05.2010.

 

RSM2 Gross Incurred Claim and Net Incurred Claim has been calculated complying with circular no. 045/IRDA/F&A/Mar-06 dated 31.03.2006