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