FORM NL-5 - CLAIMS SCHEDULE

      

Name of the Insurer:  GENERAL INSURANCE CORPORATION OF INDIA   

CLAIMS INCURRED [NET]

FOR THE PERIOD ENDED 31.12.2020

    
     

( in 000)

 

PARTICULARS

For the  Three Months  ending 31.12.2020

Upto Nine Months Ending 31.12.2020

For the  Three Months  ending 31.12.2019

Upto Nine Months Ending 31.12.2019

A

FIRE INSURANCE

    
 

Claims paid

    
 

Direct claims

    
 

Add Claims Outstanding at the end of the year

    
 

Less Claims Outstanding at the beginning of the year

    
 

Gross Incurred Claims

    
 

Add: Re-insurance accepted to direct claims

17340 412

52734 316

21945 063

55956 886

 

Less: Re-insurance Ceded to claims paid

1155 342

4782 893

430 353

5603 922

 

Net Claims Paid

16185 070

47951 423

21514 710

50352 964

 

Add: Claims Outstanding at the end of the year

4657 535

171048 319

184 934

142032 168

 

Less: Claims Outstanding at the beginning of the year

 0

139677 646

 0

124265 299

 

Total Claims Incurred

20842 605

79322 096

21699 644

68119 833

      
      

B

MISCELLANEOUS INSURANCE

    

(1)

MOTOR

    
 

Claims paid

    
 

Direct claims

    
 

Add: Claims Outstanding at the end of the year

    
 

Less: Claims Outstanding at the beginning of the year

    
 

Gross Incurred Claims

    
 

Add: Re-insurance accepted to direct claims

8476 557

33547 812

14208 821

39690 401

 

Less: Re-insurance Ceded to claims paid

167 832

-103 701

 0

 0

 

Net Claims Paid

8308 725

33651 513

14208 821

39690 401

 

Add: Claims Outstanding at the end of the year

8309 037

158262 015

6777 046

140739 676

 

Less: Claims Outstanding at the beginning of the year

 0

143935 246

 0

119087 988

 

Total Claims Incurred

16617 762

47978 282

20985 867

61342 089

      
      

(2)

AVIATION

    
 

Claims paid

    
 

Direct claims

 0

4 431

5 750

5 750

 

Add Claims Outstanding at the end of the year

    
 

Less Claims Outstanding at the beginning of the year

    
 

Gross Incurred Claims

    
 

Add: Re-insurance accepted to direct claims

1360 717

6760 011

1549 387

6830 021

 

Less: Re-insurance Ceded to claims paid

363 777

1373 041

346 282

1377 991

 

Net Claims Paid

996 940

5391 401

1208 855

5457 780

 

Add: Claims Outstanding at the end of the year

2226 711

17861 728

1910 626

14218 499

 

Less: Claims Outstanding at the beginning of the year

 0

14995 311

 0

11137 632

 

Total Claims Incurred

3223 651

8257 818

3119 481

8538 647

      
      

(3)

ENGINEERING

    
 

Claims paid

    
 

Direct claims

    
 

Add: Claims Outstanding at the end of the year

    
 

Less: Claims Outstanding at the beginning of the year

    
 

Gross Incurred Claims

    
 

Add: Re-insurance accepted to direct claims

1017 901

4296 922

1093 630

3645 912

 

Less: Re-insurance Ceded to claims paid

28 921

-25 636

11 318

86 324

 

Net Claims Paid

988 980

4322 558

1082 312

3559 588

 

Add: Claims Outstanding at the end of the year

1575 673

24021 757

426 679

21158 557

 

Less: Claims Outstanding at the beginning of the year

 0

22213 251

 0

17733 208

 

Total Claims Incurred

2564 653

6131 064

1508 991

6984 937

      
      

(4)

WC

    
 

Claims paid

    
 

Direct claims

    
 

Add: Claims Outstanding at the end of the year

    
 

Less: Claims Outstanding at the beginning of the year

    
 

Gross Incurred Claims

    
 

Add: Re-insurance accepted to direct claims

51 133

127 918

31 290

102 655

 

Less: Re-insurance Ceded to claims paid

 0

 0

 0

 0

 

Net Claims Paid

51 133

127 918

31 290

102 655

 

Add: Claims Outstanding at the end of the year

121 466

1014 629

25 700

788 417

 

Less: Claims Outstanding at the beginning of the year

 0

812 377

 0

655 257

 

Total Claims Incurred

172 599

330 170

56 990

235 815

      
      

(5)

Liability

    
 

Claims paid

    
 

Direct claims

    
 

Add: Claims Outstanding at the end of the year

    
 

Less: Claims Outstanding at the beginning of the year

    
 

Gross Incurred Claims

    
 

Add: Re-insurance accepted to direct claims

589 549

1286 102

222 307

651 525

 

Less: Re-insurance Ceded to claims paid

 114

8 730

 302

8 644

 

Net Claims Paid

589 435

1277 372

222 005

642 881

 

Add: Claims Outstanding at the end of the year

473 181

9974 743

612 530

6969 867

 

Less: Claims Outstanding at the beginning of the year

 0

8036 253

 0

4769 475

 

Total Claims Incurred

1062 616

3215 862

834 535

2843 273

      
      

(6)

PA

    
 

Claims paid

    
 

Direct claims

    
 

Add: Claims Outstanding at the end of the year

    
 

Less: Claims Outstanding at the beginning of the year

    
 

Gross Incurred Claims

    
 

Add: Re-insurance accepted to direct claims

969 952

3122 204

1290 943

3012 309

 

Less: Re-insurance Ceded to claims paid

 0

 0

 161

 161

 

Net Claims Paid

969 952

3122 204

1290 782

3012 148

 

Add: Claims Outstanding at the end of the year

168 067

8925 995

-38 071

7100 341

 

Less: Claims Outstanding at the beginning of the year

 0

7555 901

 0

5945 650

 

Total Claims Incurred

1138 019

4492 298

1252 711

4166 839

      
      

(7)

Health

    
 

Claims paid

    
 

Direct claims

    
 

Add: Claims Outstanding at the end of the year

    
 

Less: Claims Outstanding at the beginning of the year

    
 

Gross Incurred Claims

    
 

Add: Re-insurance accepted to direct claims

4325 392

26057 865

11905 858

29694 487

 

Less: Re-insurance Ceded to claims paid

84 615

3870 961

193 880

193 880

 

Net Claims Paid

4240 777

22186 904

11711 978

29500 607

 

Add: Claims Outstanding at the end of the year

3810 282

42808 776

2616 648

36479 485

 

Less: Claims Outstanding at the beginning of the year

- 238

35261 054

 0

20178 545

 

Total Claims Incurred

8051 297

29734 626

14328 626

45801 547

      
      

(8)

Agriculture

    
 

Claims paid

    
 

Direct claims

    
 

Add: Claims Outstanding at the end of the year

    
 

Less: Claims Outstanding at the beginning of the year

    
 

Gross Incurred Claims

    
 

Add: Re-insurance accepted to direct claims

46698 557

123526 400

30290 713

86465 142

 

Less: Re-insurance Ceded to claims paid

8286 327

8717 652

26 819

277 403

 

Net Claims Paid

38412 230

114808 748

30263 894

86187 739

 

Add: Claims Outstanding at the end of the year

-21063 024

134184 667

-13980 784

170552 994

 

Less: Claims Outstanding at the beginning of the year

 0

159349 639

 0

112451 396

 

Total Claims Incurred

17349 206

89643 776

16283 110

144289 337

      
      

(9)

Oth. Misc.

    
 

Claims paid

    
 

Direct claims

    
 

Add: Claims Outstanding at the end of the year

    
 

Less: Claims Outstanding at the beginning of the year

    
 

Gross Incurred Claims

    
 

Add: Re-insurance accepted to direct claims

506 056

3771 980

751 285

2752 867

 

Less: Re-insurance Ceded to claims paid

140 039

331 022

20 315

632 267

 

Net Claims Paid

366 017

3440 958

730 970

2120 600

 

Add: Claims Outstanding at the end of the year

172 434

11568 083

-1893 439

8974 535

 

Less: Claims Outstanding at the beginning of the year

 0

5311 910

 0

8811 750

 

Total Claims Incurred

538 451

9697 131

-1162 469

2283 385

      
      

(10)

FL/Credit

    
 

Claims paid

    
 

Direct claims

    
 

Add: Claims Outstanding at the end of the year

    
 

Less: Claims Outstanding at the beginning of the year

    
 

Gross Incurred Claims

    
 

Add: Re-insurance accepted to direct claims

768 302

1229 843

294 842

1177 848

 

Less: Re-insurance Ceded to claims paid

 0

 0

 0

16 407

 

Net Claims Paid

768 302

1229 843

294 842

1161 441

 

Add: Claims Outstanding at the end of the year

427 216

9479 197

-118 401

9251 890

 

Less: Claims Outstanding at the beginning of the year

 0

9431 623

 0

8183 734

 

Total Claims Incurred

1195 518

1277 417

176 441

2229 597

      
      
 

TOTAL  MISCELLANEOUS

    
 

Claims paid

    
 

Direct claims

 0

4 431

5 750

5 750

 

Add: Claims Outstanding at the end of the year

    
 

Less: Claims Outstanding at the beginning of the year

    
 

Gross Incurred Claims

    
 

Add: Re-insurance accepted to direct claims

64764 116

203727 057

61639 076

174023 167

 

Less: Re-insurance Ceded to claims paid

9071 625

14172 069

599 077

2593 077

 

Net Claims Paid

55692 491

189559 419

61045 746

171435 840

 

Add: Claims Outstanding at the end of the year

-3778 955

418101 590

-3661 466

416234 261

 

Less: Claims Outstanding at the beginning of the year

- 238

406902 565

 0

308954 635

 

Total Claims Incurred

51913 774

200758 444

57384 280

278715 466

      
      

C

MARINE INSURANCE

    

(1)

MARINE CARGO

    
 

Claims paid

    
 

Direct claims

    
 

Add: Claims Outstanding at the end of the year

    
 

Less: Claims Outstanding at the beginning of the year

    
 

Gross Incurred Claims

    
 

Add: Re-insurance accepted to direct claims

1432 580

5204 810

1272 586

3280 599

 

Less: Re-insurance Ceded to claims paid

349 168

667 218

60 293

226 066

 

Net Claims Paid

1083 412

4537 592

1212 293

3054 533

 

Add: Claims Outstanding at the end of the year

785 572

9589 046

79 802

7273 101

 

Less: Claims Outstanding at the beginning of the year

 0

6816 985

 0

6124 214

 

Total Claims Incurred

1868 984

7309 653

1292 095

4203 420

      
      

(2)

MARINE HULL

    
 

Claims paid

    
 

Direct claims

    
 

Add: Claims Outstanding at the end of the year

    
 

Less: Claims Outstanding at the beginning of the year

    
 

Gross Incurred Claims

    
 

Add: Re-insurance accepted to direct claims

3157 108

6737 281

2046 810

4371 728

 

Less: Re-insurance Ceded to claims paid

98 428

131 910

39 393

925 480

 

Net Claims Paid

3058 680

6605 371

2007 417

3446 248

 

Add: Claims Outstanding at the end of the year

316 243

17987 270

890 908

13743 428

 

Less: Claims Outstanding at the beginning of the year

 0

14190 427

 0

11730 451

 

Total Claims Incurred

3374 923

10402 214

2898 325

5459 225

      
      
 

TOTAL MARINE

    
 

Claims paid

    
 

Direct claims

    
 

Add: Claims Outstanding at the end of the year

    
 

Less: Claims Outstanding at the beginning of the year

    
 

Gross Incurred Claims

    
 

Add: Re-insurance accepted to direct claims

4589 688

11942 091

3319 396

7652 327

 

Less: Re-insurance Ceded to claims paid

447 596

799 128

99 686

1151 546

 

Net Claims Paid

4142 092

11142 963

3219 710

6500 781

 

Add: Claims Outstanding at the end of the year

1101 815

27576 316

970 711

21016 529

 

Less: Claims Outstanding at the beginning of the year

 0

21007 412

 0

17854 665

 

Total Claims Incurred

5243 907

17711 867

4190 421

9662 645

      
      

D

LIFE INSURANCE

    
 

Claims paid

    
 

Direct claims

    
 

Add: Claims Outstanding at the end of the year

    
 

Less: Claims Outstanding at the beginning of the year

    
 

Gross Incurred Claims

    
 

Add: Re-insurance accepted to direct claims

2625 403

6166 224

1612 006

4778 956

 

Less: Re-insurance Ceded to claims paid

158 515

315 165

71 461

454 752

 

Net Claims Paid

2466 888

5851 059

1540 545

4324 204

 

Add: Claims Outstanding at the end of the year

1462 359

8601 534

51 768

4904 952

 

Less: Claims Outstanding at the beginning of the year

 0

5729 442

 0

4242 699

 

Total Claims Incurred

3929 247

8723 151

1592 313

4986 457

      
      

E

TOTAL ALL CLASSES

    
 

Claims paid

    
 

Direct claims

 0

4 431

5 750

5 750

 

Add: Claims Outstanding at the end of the year

    
 

Less: Claims Outstanding at the beginning of the year

    
 

Gross Incurred Claims

    
 

Add: Re-insurance accepted to direct claims

89319 619

274569 688

88515 541

242411 336

 

Less: Re-insurance Ceded to claims paid

10833 078

20069 255

1200 577

9803 297

 

Net Claims Paid

78486 541

254504 864

87320 714

232613 789

 

Add: Claims Outstanding at the end of the year

3442 754

625327 759

-2454 052

584187 910

 

Less: Claims Outstanding at the beginning of the year

- 238

573317 065

 0

455317 298

 

Total Claims Incurred

81929 533

306515 558

84866 662

361484 401