FORM NL-4-PREMIUM SCHEDULE

Name of the Insurer:  GENERAL INSURANCE CORPORATION OF INDIA   

PREMIUM EARNED [NET]

FOR THE YEAR ENDED 31.03.2021

A

FIRE INSURANCE

( ₹ in 000)

 

PARTICULARS

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

 

Premium from direct business written

 0

 0

 0

 0

 

Service Tax

    
 

Adjustment for change in reserve for unexpired risks

    
 

Gross Earned Premium

    
 

Add: Premium on reinsurance accepted

28530 413

141234 141

30122 648

120269 667

 

Less : Premium on reinsurance ceded

5005 557

21661 555

4966 979

17892 057

 

Net Premium

23524 856

119572 586

25155 669

102377 610

 

Adjustment for change in reserve for unexpired risks

-708 336

-7981 568

-3863 110

-11808 738

 

Premium Earned (Net)

22816 520

111591 018

21292 559

90568 872

      
      

B

MISCELLANEOUS INSURANCE

(1)

MOTOR

 

Premium from direct business written

 0

 0

 0

 0

 

Service Tax

    
 

Adjustment for change in reserve for unexpired risks

    
 

Gross Earned Premium

    
 

Add: Premium on reinsurance accepted

21074 851

88468 984

21214 443

94400 056

 

Less : Premium on reinsurance ceded

-41 417

1462 773

 0

 0

 

Net Premium

21116 268

87006 211

21214 443

94400 056

 

Adjustment for change in reserve for unexpired risks

-1341 519

-7213 403

-1864 366

-7906 603

 

Premium Earned (Net)

19774 749

79792 808

19350 077

86493 453

      
      

(2)

AVIATION

 

Premium from direct business written

 0

 0

 0

 0

 

Service Tax

    
 

Adjustment for change in reserve for unexpired risks

    
 

Gross Earned Premium

    
 

Add: Premium on reinsurance accepted

2209 414

12972 618

4753 263

15665 419

 

Less : Premium on reinsurance ceded

1079 946

5397 784

1167 613

3576 560

 

Net Premium

1129 468

7574 834

3585 650

12088 859

 

Adjustment for change in reserve for unexpired risks

1309 372

2357 352

-820 655

-1669 878

 

Premium Earned (Net)

2438 840

9932 186

2764 995

10418 981

      
      

(3)

ENGINEERING

 

Premium from direct business written

 0

 0

 0

 0

 

Service Tax

    
 

Adjustment for change in reserve for unexpired risks

    
 

Gross Earned Premium

    
 

Add: Premium on reinsurance accepted

2946 522

13777 706

2744 296

12237 820

 

Less : Premium on reinsurance ceded

472 990

2358 095

321 776

1271 520

 

Net Premium

2473 532

11419 611

2422 520

10966 300

 

Adjustment for change in reserve for unexpired risks

-291 160

-413 557

-409 708

-1173 297

 

Premium Earned (Net)

2182 372

11006 054

2012 812

9793 003

      
      

(4)

W.C.

 

Premium from direct business written

 0

 0

 0

 0

 

Service Tax

    
 

Adjustment for change in reserve for unexpired risks

    
 

Gross Earned Premium

    
 

Add: Premium on reinsurance accepted

86 141

499 780

-7 884

203 675

 

Less : Premium on reinsurance ceded

 0

 69

 22

 45

 

Net Premium

86 141

499 711

-7 906

203 630

 

Adjustment for change in reserve for unexpired risks

-46 970

-147 544

15 416

141 008

 

Premium Earned (Net)

39 171

352 167

7 510

344 638

      
      

(5)

Liability

 

Premium from direct business written

 0

 0

 0

 0

 

Service Tax

    
 

Adjustment for change in reserve for unexpired risks

    
 

Gross Earned Premium

    
 

Add: Premium on reinsurance accepted

2116 805

7905 538

1649 876

7343 380

 

Less : Premium on reinsurance ceded

197 928

964 080

109 021

482 411

 

Net Premium

1918 877

6941 458

1540 855

6860 969

 

Adjustment for change in reserve for unexpired risks

-189 275

-47 181

-65 317

-1317 926

 

Premium Earned (Net)

1729 602

6894 277

1475 538

5543 043

      
      

(6)

PA

 

Premium from direct business written

 0

 0

 0

 0

 

Service Tax

    
 

Adjustment for change in reserve for unexpired risks

    
 

Gross Earned Premium

    
 

Add: Premium on reinsurance accepted

1894 789

7660 684

2390 252

7992 050

 

Less : Premium on reinsurance ceded

 546

5 762

 978

2 410

 

Net Premium

1894 243

7654 922

2389 274

7989 640

 

Adjustment for change in reserve for unexpired risks

134 278

-286 909

-458 463

-345 675

 

Premium Earned (Net)

2028 521

7368 013

1930 811

7643 965

      
      

(7)

Health

 

Premium from direct business written

 0

 0

 0

 0

 

Service Tax

    
 

Adjustment for change in reserve for unexpired risks

    
 

Gross Earned Premium

    
 

Add: Premium on reinsurance accepted

13710 649

56060 116

11530 972

55885 031

 

Less : Premium on reinsurance ceded

-2162 713

1586 356

 0

416 586

 

Net Premium

15873 362

54473 760

11530 972

55468 445

 

Adjustment for change in reserve for unexpired risks

-3950 281

-10710 562

155 441

2504 147

 

Premium Earned (Net)

11923 081

43763 198

11686 413

57972 592

      
      

(8)

Agriculture

 

Premium from direct business written

 0

 0

 0

 0

 

Service Tax

    
 

Adjustment for change in reserve for unexpired risks

    
 

Gross Earned Premium

    
 

Add: Premium on reinsurance accepted

3385 688

91986 282

6345 082

154700 693

 

Less : Premium on reinsurance ceded

295 692

9691 205

-15 870

14896 427

 

Net Premium

3089 996

82295 077

6360 952

139804 266

 

Adjustment for change in reserve for unexpired risks

-1897 783

4837 302

-113 157

-1420 354

 

Premium Earned (Net)

1192 213

87132 379

6247 795

138383 912

      
      

(9)

Oth. Misc.

 

Premium from direct business written

 0

 0

 0

 0

 

Service Tax

    
 

Adjustment for change in reserve for unexpired risks

    
 

Gross Earned Premium

    
 

Add: Premium on reinsurance accepted

1732 118

8520 588

1734 495

8048 147

 

Less : Premium on reinsurance ceded

312 301

2246 618

349 346

1382 561

 

Net Premium

1419 817

6273 970

1385 149

6665 586

 

Adjustment for change in reserve for unexpired risks

10 036

274 054

465 539

613 917

 

Premium Earned (Net)

1429 853

6548 024

1850 688

7279 503

      
      

(10)

FL/Credit

    
 

Premium from direct business written

 0

 0

 0

 0

 

Service Tax

    
 

Adjustment for change in reserve for unexpired risks

    
 

Gross Earned Premium

    
 

Add: Premium on reinsurance accepted

907 006

3209 503

359 844

2906 719

 

Less : Premium on reinsurance ceded

-1 893

-1 893

 0

3 692

 

Net Premium

908 899

3211 396

359 844

2903 027

 

Adjustment for change in reserve for unexpired risks

-274 746

-150 925

243 371

148 533

 

Premium Earned (Net)

634 153

3060 471

603 215

3051 560

      
      
 

TOTAL  MISCELLANEOUS

 

Premium from direct business written

 0

 0

 0

 0

 

Service Tax

    
 

Adjustment for change in reserve for unexpired risks

    
 

Gross Earned Premium

    
 

Add: Premium on reinsurance accepted

50063 982

291061 798

52714 639

359382 990

 

Less : Premium on reinsurance ceded

153 381

23710 850

1932 886

22032 212

 

Net Premium

49910 601

267350 948

50781 753

337350 778

 

Adjustment for change in reserve for unexpired risks

-6538 047

-11501 372

-2851 899

-10426 128

 

Premium Earned (Net)

43372 554

255849 576

47929 854

326924 650

      
      

C

MARINE INSURANCE

(1)

MARINE CARGO

 

Premium from direct business written

 0

 0

 0

 0

 

Service Tax

    
 

Adjustment for change in reserve for unexpired risks

    
 

Gross Earned Premium

    
 

Add: Premium on reinsurance accepted

3719 152

14576 008

3812 058

11303 107

 

Less : Premium on reinsurance ceded

192 137

1205 062

349 126

1078 393

 

Net Premium

3527 015

13370 946

3462 932

10224 714

 

Adjustment for change in reserve for unexpired risks

-37 823

-1562 419

-897 250

-2052 107

 

Premium Earned (Net)

3489 192

11808 527

2565 682

8172 607

      
      

(2)

MARINE HULL

 

Premium from direct business written

 0

 0

 0

 0

 

Service Tax

    
 

Adjustment for change in reserve for unexpired risks

    
 

Gross Earned Premium

    
 

Add: Premium on reinsurance accepted

2166 943

10729 733

2831 085

9789 868

 

Less : Premium on reinsurance ceded

241 987

1119 452

434 818

2201 951

 

Net Premium

1924 956

9610 281

2396 267

7587 917

 

Adjustment for change in reserve for unexpired risks

650 424

-1845 208

76 129

282 607

 

Premium Earned (Net)

2575 380

7765 073

2472 396

7870 524

      
      
 

TOTAL MARINE

 

Premium from direct business written

 0

 0

 0

 0

 

Service Tax

    
 

Adjustment for change in reserve for unexpired risks

    
 

Gross Earned Premium

    
 

Add: Premium on reinsurance accepted

5886 095

25305 741

6643 143

21092 975

 

Less : Premium on reinsurance ceded

434 124

2324 514

783 944

3280 344

 

Net Premium

5451 971

22981 227

5859 199

17812 631

 

Adjustment for change in reserve for unexpired risks

612 601

-3407 627

-821 121

-1769 500

 

Premium Earned (Net)

6064 572

19573 600

5038 078

16043 131

      
      

D

LIFE INSURANCE

 

Premium from direct business written

 0

 0

 0

 0

 

Service Tax

    
 

Adjustment for change in reserve for unexpired risks

    
 

Gross Earned Premium

    
 

Add: Premium on reinsurance accepted

3647 783

12542 166

2697 976

9555 658

 

Less : Premium on reinsurance ceded

126 935

471 937

95 702

542 573

 

Net Premium

3520 848

12070 229

2602 274

9013 085

 

Adjustment for change in reserve for unexpired risks

-38 973

-425 492

-175 107

-1095 471

 

Premium Earned (Net)

3481 875

11644 737

2427 167

7917 614

      
      

E

TOTAL ALL CLASSES

 

Premium from direct business written

 0

 0

 0

 0

 

Service Tax

    
 

Adjustment for change in reserve for unexpired risks

    
 

Gross Earned Premium

    
 

Add: Premium on reinsurance accepted

88128 273

470143 846

92178 406

510301 290

 

Less : Premium on reinsurance ceded

5719 997

48168 856

7779 511

43747 186

 

Net Premium

82408 276

421974 990

84398 895

466554 104

 

Adjustment for change in reserve for unexpired risks

-6672 755

-23316 059

-7711 237

-25099 837

 

Premium Earned (Net)

75735 521

398658 931

76687 658

441454 267