FORM NL-5 - CLAIMS SCHEDULE

Name of the Insurer:  GENERAL INSURANCE CORPORATION OF INDIA   

CLAIMS INCURRED [NET]

FOR THE YEAR ENDED 31.03.2021

    

( ₹ 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

A

FIRE INSURANCE

 

Claims paid

    
 

Direct claims

    
 

Add Claims Outstanding at the end of the year

    
 

Less Claims Outstanding at the beginning of the year

    
 

Gross Incurred Claims

    
 

Add   :Re-insurance accepted to direct claims

17385 490

70119 806

17568 928

73525 814

 

Less :Re-insurance Ceded to claims paid

1656 149

6439 042

2222 623

7826 545

 

Net Claims Paid

15729 341

63680 764

15346 305

65699 269

 

Add : Claims Outstanding at the end of the year

295 804

171344 123

-2354 522

139677 646

 

Less: Claims Outstanding at the beginning of the year

 0

139677 646

 0

124265 299

 

Total Claims Incurred

16025 145

95347 241

12991 783

81111 616

Notes:

a)      Incurred But Not Reported (IBNR), Incurred but not enough reported [IBNER] claims should be included in the amount for outstanding claims.

b)      Claims includes specific claims settlement cost but not expenses of management

c)       The surveyor fees, legal and other expenses shall also form part of claims cost.

d)      Claims cost should be adjusted for estimated salvage value if there is a sufficient certainty of its realisation.

      
      

B

MISCELLANEOUS INSURANCE

(1)

MOTOR

 

Claims paid

    
 

Direct claims

    
 

Add Claims Outstanding at the end of the year

    
 

Less Claims Outstanding at the beginning of the year

    
 

Gross Incurred Claims

    
 

Add   :Re-insurance accepted to direct claims

15564 800

49112 612

11078 625

50769 026

 

Less :Re-insurance Ceded to claims paid

737 246

633 545

 0

 0

 

Net Claims Paid

14827 554

48479 067

11078 625

50769 026

 

Add : Claims Outstanding at the end of the year

140 335

158402 350

3195 570

143935 246

 

Less: Claims Outstanding at the beginning of the year

 0

143935 246

 0

119087 988

 

Total Claims Incurred

14967 889

62946 171

14274 195

75616 284

      
      

(2)

AVIATION

 

Claims paid

 

Direct claims

- 1

4 430

 0

5 750

 

Add Claims Outstanding at the end of the year

    
 

Less Claims Outstanding at the beginning of the year

    
 

Gross Incurred Claims

    
 

Add   :Re-insurance accepted to direct claims

2868 824

9628 835

3388 818

10218 839

 

Less :Re-insurance Ceded to claims paid

680 121

2053 162

687 976

2065 967

 

Net Claims Paid

2188 702

7580 103

2700 842

8158 622

 

Add : Claims Outstanding at the end of the year

-2574 409

15287 319

776 812

14995 311

 

Less: Claims Outstanding at the beginning of the year

 0

14995 311

 0

11137 632

 

Total Claims Incurred

-385 707

7872 111

3477 654

12016 301

      
      

(3)

ENGINEERING

 

Claims paid

 

Direct claims

    
 

Add Claims Outstanding at the end of the year

    
 

Less Claims Outstanding at the beginning of the year

    
 

Gross Incurred Claims

    
 

Add   :Re-insurance accepted to direct claims

1352 821

5649 743

1261 591

4907 503

 

Less :Re-insurance Ceded to claims paid

125 587

99 951

35 220

121 544

 

Net Claims Paid

1227 234

5549 792

1226 371

4785 959

 

Add : Claims Outstanding at the end of the year

1148 181

25169 938

1054 694

22213 251

 

Less: Claims Outstanding at the beginning of the year

 0

22213 251

 0

17733 208

 

Total Claims Incurred

2375 415

8506 479

2281 065

9266 002

      
      

(4)

WC

 

Claims paid

 

Direct claims

    
 

Add Claims Outstanding at the end of the year

    
 

Less Claims Outstanding at the beginning of the year

    
 

Gross Incurred Claims

    
 

Add   :Re-insurance accepted to direct claims

68 332

196 250

78 697

181 352

 

Less :Re-insurance Ceded to claims paid

 0

 0

 0

 0

 

Net Claims Paid

68 332

196 250

78 697

181 352

 

Add : Claims Outstanding at the end of the year

-25 692

988 937

23 960

812 377

 

Less: Claims Outstanding at the beginning of the year

 0

812 377

 0

655 257

 

Total Claims Incurred

42 640

372 810

102 657

338 472

      
      

(5)

Liability

 

Claims paid

 

Direct claims

    
 

Add Claims Outstanding at the end of the year

    
 

Less Claims Outstanding at the beginning of the year

    
 

Gross Incurred Claims

    
 

Add   :Re-insurance accepted to direct claims

592 448

1878 550

229 717

881 242

 

Less :Re-insurance Ceded to claims paid

 941

9 671

 200

8 844

 

Net Claims Paid

591 507

1868 879

229 517

872 398

 

Add : Claims Outstanding at the end of the year

658 427

10633 170

1066 386

8036 253

 

Less: Claims Outstanding at the beginning of the year

 0

8036 253

 0

4769 475

 

Total Claims Incurred

1249 934

4465 796

1295 903

4139 176

      
      

(6)

PA

 

Claims paid

 

Direct claims

 

Add Claims Outstanding at the end of the year

    
 

Less Claims Outstanding at the beginning of the year

    
 

Gross Incurred Claims

    
 

Add   :Re-insurance accepted to direct claims

1398 881

4521 085

962 535

3974 844

 

Less :Re-insurance Ceded to claims paid

 0

 0

 0

 161

 

Net Claims Paid

1398 881

4521 085

962 535

3974 683

 

Add : Claims Outstanding at the end of the year

-688 813

8237 182

455 560

7555 901

 

Less: Claims Outstanding at the beginning of the year

 0

7555 901

 0

5945 650

 

Total Claims Incurred

710 068

5202 366

1418 095

5584 934

      
      

(7)

Health

 

Claims paid

 

Direct claims

    
 

Add Claims Outstanding at the end of the year

    
 

Less Claims Outstanding at the beginning of the year

    
 

Gross Incurred Claims

    
 

Add   :Re-insurance accepted to direct claims

16192 657

42250 522

10282 426

39976 913

 

Less :Re-insurance Ceded to claims paid

-2023 677

1847 284

 0

193 880

 

Net Claims Paid

18216 334

40403 238

10282 426

39783 033

 

Add : Claims Outstanding at the end of the year

-507 381

42301 395

-1218 431

35261 054

 

Less: Claims Outstanding at the beginning of the year

 0

35261 054

 0

20178 545

 

Total Claims Incurred

17708 953

47443 579

9063 995

54865 542

      
      

(8)

Agriculture

 

Claims paid

 

Direct claims

    
 

Add Claims Outstanding at the end of the year

    
 

Less Claims Outstanding at the beginning of the year

    
 

Gross Incurred Claims

    
 

Add   :Re-insurance accepted to direct claims

29068 834

152595 234

33043 042

119508 184

 

Less :Re-insurance Ceded to claims paid

-7527 239

1190 413

155 420

432 823

 

Net Claims Paid

36596 073

151404 821

32887 622

119075 361

 

Add : Claims Outstanding at the end of the year

-36381 717

97802 950

-11203 355

159349 639

 

Less: Claims Outstanding at the beginning of the year

 0

159349 639

 0

112451 396

 

Total Claims Incurred

214 356

89858 132

21684 267

165973 604

      
      

(9)

Oth. Misc.

 

Claims paid

 

Direct claims

    
 

Add Claims Outstanding at the end of the year

    
 

Less Claims Outstanding at the beginning of the year

    
 

Gross Incurred Claims

    
 

Add   :Re-insurance accepted to direct claims

881 582

4653 562

1083 998

3836 865

 

Less :Re-insurance Ceded to claims paid

196 479

527 501

173 905

806 172

 

Net Claims Paid

685 103

4126 061

910 093

3030 693

 

Add : Claims Outstanding at the end of the year

-556 592

11011 491

-3662 625

5311 910

 

Less: Claims Outstanding at the beginning of the year

 0

5311 910

 0

8811 750

 

Total Claims Incurred

128 511

9825 642

-2752 532

-469 147

      
      

(10)

FL/Credit

 

Claims paid

 

Direct claims

    
 

Add Claims Outstanding at the end of the year

    
 

Less Claims Outstanding at the beginning of the year

    
 

Gross Incurred Claims

    
 

Add   :Re-insurance accepted to direct claims

547 200

1777 043

132 200

1310 048

 

Less :Re-insurance Ceded to claims paid

 0

 0

 0

16 407

 

Net Claims Paid

547 200

1777 043

132 200

1293 641

 

Add : Claims Outstanding at the end of the year

111 380

9590 577

179 733

9431 623

 

Less: Claims Outstanding at the beginning of the year

 0

9431 623

 0

8183 734

 

Total Claims Incurred

658 580

1935 997

311 933

2541 530

      
      
 

TOTAL  MISCELLANEOUS

 

Claims paid

 

Direct claims

- 1

4 430

 0

5 750

 

Add Claims Outstanding at the end of the year

    
 

Less Claims Outstanding at the beginning of the year

    
 

Gross Incurred Claims

    
 

Add   :Re-insurance accepted to direct claims

68536 380

272263 437

61541 649

235564 816

 

Less :Re-insurance Ceded to claims paid

-7810 540

6361 529

1052 721

3645 798

 

Net Claims Paid

76346 919

265906 338

60488 928

231924 768

 

Add : Claims Outstanding at the end of the year

-38676 281

379425 309

-9331 696

406902 565

 

Less: Claims Outstanding at the beginning of the year

 0

406902 565

 0

308954 635

 

Total Claims Incurred

37670 638

238429 082

51157 232

329872 698

      
      

C

MARINE INSURANCE

(1)

MARINE CARGO

 

Claims paid

    
 

Direct claims

    
 

Add Claims Outstanding at the end of the year

    
 

Less Claims Outstanding at the beginning of the year

    
 

Gross Incurred Claims

    
 

Add   :Re-insurance accepted to direct claims

1811 059

7015 869

1937 976

5218 575

 

Less :Re-insurance Ceded to claims paid

131 507

798 725

567 664

793 730

 

Net Claims Paid

1679 552

6217 144

1370 312

4424 845

 

Add : Claims Outstanding at the end of the year

1517 164

11106 210

-456 116

6816 985

 

Less: Claims Outstanding at the beginning of the year

 0

6816 985

 0

6124 214

 

Total Claims Incurred

3196 716

10506 369

914 196

5117 616

      
      

(2)

MARINE HULL

 

Claims paid

 

Direct claims

    
 

Add Claims Outstanding at the end of the year

    
 

Less Claims Outstanding at the beginning of the year

    
 

Gross Incurred Claims

    
 

Add   :Re-insurance accepted to direct claims

1288 824

8026 105

776 546

5148 274

 

Less :Re-insurance Ceded to claims paid

474 058

605 968

368 429

1293 909

 

Net Claims Paid

814 766

7420 137

408 117

3854 365

 

Add : Claims Outstanding at the end of the year

-328 044

17659 226

446 999

14190 427

 

Less: Claims Outstanding at the beginning of the year

 0

14190 427

 0

11730 451

 

Total Claims Incurred

486 722

10888 936

855 116

6314 341

      
      
 

TOTAL MARINE

 

Claims paid

 

Direct claims

    
 

Add Claims Outstanding at the end of the year

    
 

Less Claims Outstanding at the beginning of the year

    
 

Gross Incurred Claims

    
 

Add   :Re-insurance accepted to direct claims

3099 883

15041 974

2714 522

10366 850

 

Less :Re-insurance Ceded to claims paid

605 565

1404 694

936 093

2087 639

 

Net Claims Paid

2494 318

13637 280

1778 429

8279 211

 

Add : Claims Outstanding at the end of the year

1189 120

28765 437

-9 117

21007 412

 

Less: Claims Outstanding at the beginning of the year

 0

21007 412

 0

17854 665

 

Total Claims Incurred

3683 438

21395 305

1769 312

11431 958

      
      

D

LIFE INSURANCE

 

Claims paid

 

Direct claims

    
 

Add Claims Outstanding at the end of the year

    
 

Less Claims Outstanding at the beginning of the year

    
 

Gross Incurred Claims

    
 

Add   :Re-insurance accepted to direct claims

4114 840

10281 064

2222 896

7001 852

 

Less :Re-insurance Ceded to claims paid

65 759

380 924

91 533

546 285

 

Net Claims Paid

4049 081

9900 140

2131 363

6455 567

 

Add : Claims Outstanding at the end of the year

593 597

9195 131

824 490

5729 442

 

Less: Claims Outstanding at the beginning of the year

 0

5729 442

 0

4242 699

 

Total Claims Incurred

4642 678

13365 829

2955 853

7942 310

      
      

E

TOTAL ALL CLASSES

 

Claims paid

 

Direct claims

- 1

4 430

 0

5 750

 

Add Claims Outstanding at the end of the year

    
 

Less Claims Outstanding at the beginning of the year

    
 

Gross Incurred Claims

    
 

Add   :Re-insurance accepted to direct claims

93136 592

367706 280

84047 996

326459 332

 

Less :Re-insurance Ceded to claims paid

-5483 066

14586 189

4302 970

14106 267

 

Net Claims Paid

98619 657

353124 521

79745 026

312358 815

 

Add : Claims Outstanding at the end of the year

-36597 759

588730 000

-10870 846

573317 064

 

Less: Claims Outstanding at the beginning of the year

- 1

573317 064

 0

455317 298

 

Total Claims Incurred

62021 899

368537 457

68874 180

430358 581