FORM NL-7-OPERATING EXPENSES SCHEDULE

Name of the Insurer:  GENERAL INSURANCE CORPORATION OF INDIA   

OPERATING EXPENSES RELATED TO INSURANCE BUSINESS

 

( in 000)

 

PARTICUALRS

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

1

Employees’ remuneration & welfare benefits

504 515

934 355

-2 820

1558 509

2

Travel, conveyance and vehicle running expenses

1 750

3 671

18 462

51 055

3

Training expenses

1 404

1 842

4 734

10 168

4

Rents, rates & taxes

16 673

43 379

17 393

49 299

5

Repairs

60 977

152 832

57 448

165 344

6

Printing & stationery

 189

 323

 849

2 001

7

Communication

2 441

6 778

3 050

9 566

8

Legal & professional charges

21 482

57 661

26 638

58 597

9

Auditors' fees, expenses etc

 0

 

 0

 
 

(a) as auditor

3 558

17 162

3 108

10 970

 

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

 0

 0

 0

 0

 

(i) Taxation matters

 0

 0

 0

 0

 

(ii) Insurance matters

 543

 543

 0

 0

 

(iii) Management services; and

 0

 0

 0

 0

 

(c)   in any other capacity

- 539

 0

 0

 16

10

Advertisement and publicity

10 658

21 889

15 342

57 244

11

Interest & Bank Charges

163 102

515 726

20 357

195 138

12

IT Expenses

20 921

117 495

39 074

146 462

13

Depreciation

33 872

101 273

34 166

140 351

14

GST Expenses A/c

(   99 937.00)

(   71 846.00)

232 374

232 374

15

Swachh Bharat Cess

 0

 0

 0

 0

16

Others

33 570

102 159

58 389

128 727

 

TOTAL

775 179

2005 242

528 564

2815 821

      

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.