FORM NL-1-B-RA

Name of the Insurer:  GENERAL INSURANCE CORPORATION OF INDIA   

Registration No.  112

Date of  Registration with the IRDAI : 2nd April, 2001

REVENUE ACCOUNT FOR THE PERIOD ENDED 31.03.2021

FIRE INSURANCE BUSINESS

 

( ₹ in 000)

 

PARTICULARS

SCHEDULE

For the  Three Months  ending 31.03.2021

For the Year ending 31.03.2021

For the  Three Months  ending 31.03.2020

For the Year ending 31.03.2020

1

Premiums earned (Net)

NL-4-Premium Schedule

22816 522

111591 018

21292 557

90568 870

2

Profit on sale of Investments (Net)

 

2323 032

9537 739

1732 560

6023 232

3

Profit/-Loss on Exchange Fluctuation

 

-239 781

 (519 660)

633 711

1108 278

4

Interest, Dividend & Rent  - Gross

 

3228 329

10653 550

2089 279

8279 938

 

TOTAL (A)

 

28128 102

131262 647

25748 107

105980 318

1

Claims Incurred (Net)

NL-5-Claims Schedule

16025 145

95347 241

12991 783

81111 615

2

Commission (Net)

NL-6-Commission Schedule

6406 035

30257 334

5107 382

29350 085

3

Operating Expenses related to Insurance Business

NL-7-Operating Expenses Schedule

253 495

869 780

276 586

912 800

4

Expenses relating to Investments

 

 0

 0

 0

 0

5

Premium Deficiency

 

 0

 0

 0

 0

 

TOTAL  (B)

 

22684 675

126474 355

18375 751

111374 500

       
 

Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B)

 

5443 427

4788 292

7372 356

-5394 182

 

APPROPRIATIONS

     
 

Transfer to Shareholders’ Account

 

5443 427

4788 292

7372 356

-5394 182

 

Transfer to Catastrophe Reserve

     
 

Transfer to Other Reserves (to be specified)

     
 

TOTAL (C)

 

5443 427

4788 292

7372 356

-5394 182

As required by Section 40C (2)  of the Insurance  Act, 1938, we certify that, all expenses of management,  wherever incurred,  whether directly or indirectly, in respect of Fire Insurance Business have been fully debited in the Fire Insurance Revenue Accounts as expenses.

       
       

MISCELLANEOUS INSURANCE BUSINESS

 

PARTICULARS

SCHEDULE

For the  Three Months  ending 31.03.2021

For the Year ending 31.03.2021

For the  Three Months  ending 31.03.2020

For the Year ending 31.03.2020

1

Premiums earned (Net)

NL-4-Premium Schedule

43372 556

255849 576

47929 859

326924 651

2

Profit on sale of Investments (Net)

 

3846 975

20285 977

4370 076

16034 749

3

Profit/-Loss on Exchange Fluctuation

 

-594 871

 (1340 910)

1742 057

2887 121

4

Interest, Dividend & Rent  - Gross

 

5740 550

22659 216

5212 439

22042 441

 

TOTAL (A)

 

52365 210

297453 859

59254 431

367888 962

1

Claims Incurred (Net)

NL-5-Claims Schedule

37670 641

238429 082

51157 231

329872 698

2

Commission (Net)

NL-6-Commission Schedule

8998 179

45047 348

8106 466

42372 916

3

Operating Expenses related to Insurance Business

NL-7-Operating Expenses Schedule

464 405

1727 935

570 422

2625 883

4

Expenses relating to Investments

 

 0

 0

 0

 0

5

Premium Deficiency

 

 0

 0

 0

 0

 

TOTAL  (B)

 

47133 225

285204 365

59834 119

374871 497

       
 

Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B)

 

 52,31,985

 1,22,49,494

-579 688

-6982 535

 

APPROPRIATIONS

     
 

Transfer to Shareholders’ Account

 

 52,31,985

 1,22,49,494

-579 688

-6982 535

 

Transfer to Catastrophe Reserve

  

0

 

0

 

Transfer to Other Reserves (to be specified)

  

 0

 

 0

 

TOTAL (C)

 

 52,31,985

 1,22,49,494

-579 688

-6982 535

As required by Section 40C (2)  of the Insurance  Act, 1938, we certify that, all expenses of management,  wherever incurred,  whether directly or indirectly, in respect of Miscellaneous Insurance Business have been fully debited in the Miscellaneous Insurance Revenue Accounts as expenses.

       
       

MARINE INSURANCE BUSINESS

 

PARTICULARS

SCHEDULE

For the  Three Months  ending 31.03.2021

For the Year ending 31.03.2021

For the  Three Months  ending 31.03.2020

For the Year ending 31.03.2020

1

Premiums earned (Net)

NL-4-Premium Schedule

6064 572

19573 600

5038 079

16043 131

2

Profit on sale of Investments (Net)

 

472 395

1890 051

325 200

1087 250

3

Profit/-Loss on Exchange Fluctuation

 

-60 695

 (126 725)

121 020

197 315

4

Interest, Dividend & Rent  - Gross

 

652 145

2111 166

395 107

1494 607

 

TOTAL (A)

 

7128 417

23448 092

5879 406

18822 303

1

Claims Incurred (Net)

NL-5-Claims Schedule

3683 438

21395 305

1769 312

11431 957

2

Commission (Net)

NL-6-Commission Schedule

1561 607

4362 488

950 227

3262 323

3

Operating Expenses related to Insurance Business

NL-7-Operating Expenses Schedule

37 804

121 443

43 668

123 975

4

Expenses relating to Investments

 

 0

 0

 0

 0

5

Premium Deficiency

 

 0

 0

 0

 0

 

TOTAL  (B)

 

5282 849

25879 236

2763 207

14818 255

       
 

Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B)

 

1845568

-2431144

3116199

4004048

 

APPROPRIATIONS

     
 

Transfer to Shareholders’ Account

 

1845 568

-2431 144

3116 199

4004 048

 

Transfer to Catastrophe Reserve

     
 

Transfer to Other Reserves (to be specified)

     
 

TOTAL (C)

 

1845 568

-2431 144

3116 199

4004 048

As required by Section 40C (2)  of the Insurance  Act, 1938, we certify that, all expenses of management,  wherever incurred,  whether directly or indirectly, in respect of Marine Insurance Business have been fully debited in the Marine Insurance Revenue Accounts as expenses.

       
       

LIFE INSURANCE BUSINESS

 

PARTICULARS

SCHEDULE

For the  Three Months  ending 31.03.2021

For the Year ending 31.03.2021

For the  Three Months  ending 31.03.2020

For the Year ending 31.03.2020

1

Premiums earned (Net)

NL-4-Premium Schedule

3481 875

11644 737

2427 167

7917 615

2

Profit on sale of Investments (Net)

 

157 278

521 637

94 118

262 707

3

Profit/-Loss on Exchange Fluctuation

 

-17 967

 (34 459)

30 788

47 608

4

Interest, Dividend & Rent  - Gross

 

207 672

582 663

117 891

361 135

 

TOTAL (A)

 

3828 858

12714 578

2669 964

8589 065

1

Claims Incurred (Net)

NL-5-Claims Schedule

4642 678

13365 829

2955 853

7942 310

2

Commission (Net)

NL-6-Commission Schedule

33 903

176 691

28 537

98 173

3

Operating Expenses related to Insurance Business

NL-7-Operating Expenses Schedule

26 433

68 225

23 625

67 465

4

Expenses relating to Investments

 

 0

 0

 0

 0

5

Premium Deficiency

 

369 402

352 962

-130 066

194 154

 

TOTAL  (B)

 

5072 416

13963 707

2877 949

8302 102

       
 

Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B)

 

-1243 558

-1249 129

 (207 985)

 2,86,963

 

APPROPRIATIONS

     
 

Transfer to Shareholders’ Account

 

-1243 558

-1249 129

 (207 985)

 2,86,963

 

Transfer to Catastrophe Reserve

     
 

Transfer to Other Reserves (to be specified)

     
 

TOTAL (C)

 

-1243 558

-1249 129

 (207 985)

 2,86,963