FORM NL-1-B-RA | ||||||
Name of the Insurer: GENERAL INSURANCE CORPORATION OF INDIA | ||||||
Registration No. 112 | ||||||
Date of Registration with the IRDAI : 2nd April, 2001 | ||||||
REVENUE ACCOUNT FOR THE PERIOD ENDED 30.06.2021 | ||||||
FIRE INSURANCE BUSINESS | ( ₹ in 000) | |||||
PARTICULARS | SCHEDULE | For the Three Months ending 30.06.2021 | For the First Quarter Ending 30.06.2021 | For the Three Months ending 30.06.2020 | For the First Quarter Ending 30.06.2020 | |
1 | Premiums earned (Net) | NL-4-Premium Schedule | 36524 205 | 36524 205 | 30402 447 | 30402 447 |
2 | Profit on sale of Investments (Net) | 1569 692 | 1569 692 | 508 518 | 508 518 | |
3 | Profit/-Loss on Exchange Fluctuation | 472 430 | 4,72,430 | 253 859 | 253 859 | |
4 | Interest, Dividend & Rent - Gross | 2625 377 | 2625 377 | 1856 639 | 1856 639 | |
TOTAL (A) | 41191 704 | 41191 704 | 33021 463 | 33021 463 | ||
1 | Claims Incurred (Net) | NL-5-Claims Schedule | 35383 657 | 35383 657 | 32612 646 | 32612 646 |
2 | Commission (Net) | NL-6-Commission Schedule | 8766 734 | 8766 734 | 8622 746 | 8622 746 |
3 | Operating Expenses related to Insurance Business | NL-7-Operating Expenses Schedule | 186 584 | 186 584 | 173 517 | 173 517 |
4 | Expenses relating to Investments | 0 | 0 | 0 | 0 | |
5 | Premium Deficiency | 0 | 0 | 0 | 0 | |
TOTAL (B) | 44336 975 | 44336 975 | 41408 909 | 41408 909 | ||
Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B) | -3145 272 | -3145 272 | -8387 446 | -8387 446 | ||
APPROPRIATIONS | ||||||
Transfer to Shareholders’ Account | -3145 272 | -3145 272 | -8387 446 | -8387 446 | ||
Transfer to Catastrophe Reserve | ||||||
Transfer to Other Reserves (to be specified) | ||||||
TOTAL (C) | -3145 272 | -3145 272 | -8387 446 | -8387 446 | ||
As required by Section 40C (2) of the Insurance Act, 1938, we certify that, all expenses of management, wherever incurred, whether directly or indirectly, in respect of Fire Insurance Business have been fully debited in the Fire Insurance Revenue Accounts as expenses. | ||||||
MISCELLANEOUS INSURANCE BUSINESS | ||||||
PARTICULARS | SCHEDULE | For the Three Months ending 30.06.2021 | For the First Quarter Ending 30.06.2021 | For the Three Months ending 30.06.2020 | For the First Quarter Ending 30.06.2020 | |
1 | Premiums earned (Net) | NL-4-Premium Schedule | 70344 032 | 70344 032 | 98967 130 | 98967 130 |
2 | Profit on sale of Investments (Net) | 3337 877 | 3337 877 | 1358 594 | 1358 594 | |
3 | Profit/-Loss on Exchange Fluctuation | 951 847 | 9,51,847 | 419 040 | 419 040 | |
4 | Interest, Dividend & Rent - Gross | 5582 742 | 5582 742 | 4960 331 | 4960 331 | |
TOTAL (A) | 80216 498 | 80216 498 | 105705 095 | 105705 095 | ||
1 | Claims Incurred (Net) | NL-5-Claims Schedule | 68263 379 | 68263 379 | 89112 182 | 89112 182 |
2 | Commission (Net) | NL-6-Commission Schedule | 14339 802 | 14339 802 | 16374 553 | 16374 553 |
3 | Operating Expenses related to Insurance Business | NL-7-Operating Expenses Schedule | 401 903 | 401 903 | 471 287 | 471 287 |
4 | Expenses relating to Investments | 0 | 0 | 0 | 0 | |
5 | Premium Deficiency | 0 | 0 | 0 | 0 | |
TOTAL (B) | 83005 084 | 83005 084 | 105958 022 | 105958 022 | ||
Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B) | (2788 586) | (2788 586) | -252 927 | -252 927 | ||
APPROPRIATIONS | ||||||
Transfer to Shareholders’ Account | (2788 586) | (2788 586) | -252 927 | -252 927 | ||
Transfer to Catastrophe Reserve | 0 | 0 | ||||
Transfer to Other Reserves (to be specified) | 0 | 0 | ||||
TOTAL (C) | (2788 586) | (2788 586) | -252 927 | -252 927 | ||
As required by Section 40C (2) of the Insurance Act, 1938, we certify that, all expenses of management, wherever incurred, whether directly or indirectly, in respect of Miscellaneous Insurance Business have been fully debited in the Miscellaneous Insurance Revenue Accounts as expenses. | ||||||
MARINE INSURANCE BUSINESS | ||||||
PARTICULARS | SCHEDULE | For the Three Months ending 30.06.2021 | For the First Quarter Ending 30.06.2021 | For the Three Months ending 30.06.2020 | For the First Quarter Ending 30.06.2020 | |
1 | Premiums earned (Net) | NL-4-Premium Schedule | 3601 409 | 3601 409 | 4411 789 | 4411 789 |
2 | Profit on sale of Investments (Net) | 301 013 | 301 013 | 84 932 | 84 932 | |
3 | Profit/-Loss on Exchange Fluctuation | 86 206 | 86,206 | 26 195 | 26 195 | |
4 | Interest, Dividend & Rent - Gross | 503 457 | 503 457 | 310 093 | 310 093 | |
TOTAL (A) | 4492 085 | 4492 085 | 4833 009 | 4833 009 | ||
1 | Claims Incurred (Net) | NL-5-Claims Schedule | 4328 119 | 4328 119 | 4404 852 | 4404 852 |
2 | Commission (Net) | NL-6-Commission Schedule | 916 991 | 916 991 | 590 881 | 590 881 |
3 | Operating Expenses related to Insurance Business | NL-7-Operating Expenses Schedule | 20 250 | 20 250 | 19 396 | 19 396 |
4 | Expenses relating to Investments | 0 | 0 | 0 | 0 | |
5 | Premium Deficiency | 0 | 0 | 0 | 0 | |
TOTAL (B) | 5265 360 | 5265 360 | 5015 129 | 5015 129 | ||
Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B) | -773275 | -773275 | -182120 | -182120 | ||
APPROPRIATIONS | ||||||
Transfer to Shareholders’ Account | -773 275 | -773 275 | -182 120 | -182 120 | ||
Transfer to Catastrophe Reserve | ||||||
Transfer to Other Reserves (to be specified) | ||||||
TOTAL (C) | -773 275 | -773 275 | -182 120 | -182 120 | ||
As required by Section 40C (2) of the Insurance Act, 1938, we certify that, all expenses of management, wherever incurred, whether directly or indirectly, in respect of Marine Insurance Business have been fully debited in the Marine Insurance Revenue Accounts as expenses. | ||||||
LIFE INSURANCE BUSINESS | ||||||
PARTICULARS | SCHEDULE | For the Three Months ending 30.06.2021 | For the First Quarter Ending 30.06.2021 | For the Three Months ending 30.06.2020 | For the First Quarter Ending 30.06.2020 | |
1 | Premiums earned (Net) | NL-4-Premium Schedule | 3074 429 | 3074 429 | 2836 943 | 2836 943 |
2 | Profit on sale of Investments (Net) | 123 405 | 123 405 | 22 469 | 22 469 | |
3 | Profit/-Loss on Exchange Fluctuation | 35 342 | 35,342 | 6 930 | 6 930 | |
4 | Interest, Dividend & Rent - Gross | 206 401 | 206 401 | 82 038 | 82 038 | |
TOTAL (A) | 3439 577 | 3439 577 | 2948 380 | 2948 380 | ||
1 | Claims Incurred (Net) | NL-5-Claims Schedule | 10398 839 | 10398 839 | 2557 682 | 2557 682 |
2 | Commission (Net) | NL-6-Commission Schedule | 69 370 | 69 370 | 10 562 | 10 562 |
3 | Operating Expenses related to Insurance Business | NL-7-Operating Expenses Schedule | 15 300 | 15 300 | 12 344 | 12 344 |
4 | Expenses relating to Investments | 0 | 0 | 0 | 0 | |
5 | Premium Deficiency | 110 699 | 110 699 | 75 229 | 75 229 | |
TOTAL (B) | 10594 208 | 10594 208 | 2655 817 | 2655 817 | ||
Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B) | -7154 632 | -7154 632 | 2,92,563 | 2,92,563 | ||
APPROPRIATIONS | ||||||
Transfer to Shareholders’ Account | -7154 632 | -7154 632 | 2,92,563 | 2,92,563 | ||
Transfer to Catastrophe Reserve | ||||||
Transfer to Other Reserves (to be specified) | ||||||
TOTAL (C) | -7154 632 | -7154 632 | 2,92,563 | 2,92,563 | ||
As required by Section 40C (2) of the Insurance Act, 1938, we certify that, all expenses of management, wherever incurred, whether directly or indirectly, in respect of Life Insurance Business have been fully debited in the Life Insurance Revenue Accounts as expenses. | ||||||