Form NL-33

     

TABLE IB: AVAILABLE SOLVENCY MARGIN AND SOLVENCY RATIO AS AT 31  DECEMBER  2020

      

General Insurance Corporation of India

Registration Number:  112

Date of Registration: 02-04-2001

Classification: Total Business

 

(₹ in Lacs)

  

Item

Description

Notes No.

Amount

  

(1)

(2)

(3)

(3)

  

A

Policy-holder's Funds

    
 

Available Assets (as per IRDAI-GI-TA)

 

86494 48.65

  
 

Deduct:

    

B

Current liabilities as per BS

 

62532 77.59

  

C

Provision as per BS

 

18648 58.71

  

D

Other Liabilities

 

4489 69.95

  

E

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

 

82342.40

  
 

Shareholder's Funds

    

F

Available Assets

 

19555 59.34

  
 

Deduct:

    

G

Other Liabilities

 

697 34.59

  

H

Excess in Shareholders’ Funds (F-G)

 

18858 24.75

  

I

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

 

19681 67.15

  

J

Total Required Solvency Margin  [RSM]

 

12885 89.48

  

K

Solvency Ratio (Total ASM/Total RSM)

 

1.53

  

* 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.105,909.61 lakhs