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 | |