Form NL-33

  

TABLE IB: AVAILABLE SOLVENCY MARGIN AND SOLVENCY RATIO AS AT 31 MARCH  2021

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)

 

84874 51.51

  
 

Deduct:

    

B

Current liabilities as per BS

 

58873 00.01

  

C

Provision as per BS

 

19454 57.83

  

D

Other Liabilities

 

4120 24.76

  

E

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

 

242668.91

  
 

Shareholder's Funds

    

F

Available Assets

 

20906 19.49

  
 

Deduct:

    

G

Other Liabilities

 

973 86.83

  

H

Excess in Shareholders’ Funds (F-G)

 

19932 32.66

  

I

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

 

22359 01.57

  

J

Total Required Solvency Margin  [RSM]

 

12823 55.37

  

K

Solvency Ratio (Total ASM/Total RSM)

 

1.74

  

* 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.100,529.84 lakhs