FORM NL-7-OPERATING EXPENSES SCHEDULE

Name of the Insurer:  GENERAL INSURANCE CORPORATION OF INDIA   

OPERATING EXPENSES RELATED TO INSURANCE BUSINESS

( ₹ in 000)

 

PARTICUALRS

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

1

Employees’ remuneration & welfare benefits

455 106

1389 461

429 975

1988 484

2

Travel, conveyance and vehicle running expenses

1 983

5 654

10 643

61 698

3

Training expenses

3 756

5 598

9 117

19 285

4

Rents, rates & taxes

12 110

55 489

12 925

62 224

5

Repairs

38 422

191 254

52 040

217 384

6

Printing & stationery

 246

 569

1 267

3 268

7

Communication

3 681

10 459

3 855

13 421

8

Legal & professional charges

28 663

86 324

42 495

101 092

9

Auditors' fees, expenses etc

 0

 

 0

 
 

(a) as auditor

2 229

19 391

1 226

12 196

 

(b) as adviser or in any other capacity, in respect of

    
 

(i) Taxation matters

1 000

1 000

1 000

1 000

 

(ii) Insurance matters

  

 750

 750

 

(iii) Management services; and

  

 0

 0

 

(c)   in any other capacity

 287

 830

 0

 0

10

Advertisement and publicity

6 414

28 303

16 865

74 109

11

Interest & Bank Charges

81 632

597 358

48 042

243 180

12

IT Expenses

68 058

185 553

39 368

185 830

13

Depreciation

35 494

136 767

37 774

178 125

14

GST Expenses A/c

15 155

-56 691

173 778

406 152

15

Swachh Bharat Cess

 0

 0

 0

 0

16

Others

27 905

130 064

33 197

161 924

 

TOTAL

782 141

2787 383

914 317

3730 122

   

 0

 

 0

Note: Items of expenses and income in excess of one percent of the total premiums (less reinsurance) or Rs.5,00,000 whichever is higher, shall be shown as a separate line item.